STXV vs. PHDG ETF Comparison

Comparison of Strive 1000 Value ETF (STXV) to PowerShares S&P 500 Downside Hedged Portfolio (PHDG)

STXV

Strive 1000 Value ETF

STXV Description

The investment seeks to track the total return performance, before fees and expenses, of the Bloomberg US 1000 Value composed of large- and mid-capitalization U.S. equity securities that exhibit value characteristics. Under normal circumstances, substantially all of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index. The fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$31.44

Average Daily Volume

9,799

Number of Holdings ^*

676

* may have additional holdings in another (foreign) market

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$38.15

Average Daily Volume

12,398

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	STXV	PHDG
30 Days	2.46%	-1.45%
60 Days	4.70%	1.30%
90 Days	5.79%	1.18%
12 Months	27.89%	18.05%

375 Overlapping Holdings

	Symbol	Grade	Weight in STXV	Weight in PHDG	Overlap
	A	D	0.01%	0.04%	0.01%
	ABBV	F	0.92%	0.32%	0.32%
	ABT	B	0.32%	0.22%	0.22%
	ACGL	C	0.17%	0.04%	0.04%
	ACN	B	0.22%	0.24%	0.22%
	ADI	D	0.08%	0.11%	0.08%
	ADM	D	0.16%	0.03%	0.03%
	ADP	A	0.05%	0.13%	0.05%
	AEE	A	0.16%	0.03%	0.03%
	AEP	C	0.32%	0.05%	0.05%
	AES	F	0.06%	0.01%	0.01%
	AFL	B	0.39%	0.06%	0.06%
	AIG	B	0.33%	0.05%	0.05%
	AIZ	A	0.07%	0.01%	0.01%
	AKAM	D	0.04%	0.01%	0.01%
	ALB	B	0.05%	0.01%	0.01%
	ALL	A	0.33%	0.06%	0.06%
	ALLE	C	0.03%	0.01%	0.01%
	AMCR	C	0.09%	0.02%	0.02%
	AME	A	0.01%	0.05%	0.01%
	AMGN	F	0.39%	0.17%	0.17%
	AMP	A	0.15%	0.06%	0.06%
	AMT	C	0.12%	0.1%	0.1%
	AON	A	0.1%	0.09%	0.09%
	AOS	F	0.0%	0.01%	0.0%
	APA	D	0.05%	0.01%	0.01%
	APD	A	0.19%	0.08%	0.08%
	APTV	F	0.08%	0.02%	0.02%
	ARE	F	0.12%	0.02%	0.02%
	ATO	A	0.15%	0.02%	0.02%
	AVB	B	0.1%	0.03%	0.03%
	AVY	F	0.02%	0.02%	0.02%
	AWK	C	0.1%	0.03%	0.03%
	AXP	A	0.21%	0.17%	0.17%
	BAC	A	2.04%	0.33%	0.33%
	BALL	F	0.06%	0.02%	0.02%
	BAX	F	0.1%	0.02%	0.02%
	BBY	D	0.13%	0.02%	0.02%
	BDX	F	0.27%	0.07%	0.07%
	BEN	C	0.04%	0.01%	0.01%
	BG	D	0.07%	0.01%	0.01%
	BIIB	F	0.15%	0.03%	0.03%
	BK	A	0.38%	0.06%	0.06%
	BKR	A	0.29%	0.05%	0.05%
	BLDR	D	0.06%	0.02%	0.02%
	BLK	B	0.45%	0.16%	0.16%
	BMY	B	0.78%	0.13%	0.13%
	BR	A	0.01%	0.03%	0.01%
	BRK.A	B	1.16%	0.92%	0.92%
	BWA	D	0.05%	0.01%	0.01%
	BX	A	0.07%	0.14%	0.07%
	BXP	C	0.08%	0.01%	0.01%
	C	A	0.82%	0.14%	0.14%
	CAG	F	0.08%	0.01%	0.01%
	CAH	B	0.19%	0.03%	0.03%
	CARR	C	0.13%	0.07%	0.07%
	CAT	B	0.38%	0.2%	0.2%
	CB	C	0.75%	0.12%	0.12%
	CBRE	B	0.07%	0.04%	0.04%
	CCI	C	0.24%	0.05%	0.05%
	CCL	A	0.15%	0.03%	0.03%
	CDW	F	0.03%	0.03%	0.03%
	CE	F	0.05%	0.01%	0.01%
	CEG	C	0.0%	0.08%	0.0%
	CF	A	0.1%	0.02%	0.02%
	CFG	B	0.13%	0.02%	0.02%
	CHD	A	0.02%	0.03%	0.02%
	CHRW	B	0.05%	0.01%	0.01%
	CHTR	C	0.22%	0.04%	0.04%
	CI	D	0.6%	0.1%	0.1%
	CINF	A	0.15%	0.03%	0.03%
	CL	D	0.09%	0.08%	0.08%
	CLX	A	0.09%	0.02%	0.02%
	CMCSA	B	1.09%	0.18%	0.18%
	CME	B	0.47%	0.09%	0.09%
	CMI	A	0.22%	0.05%	0.05%
	CMS	C	0.13%	0.02%	0.02%
	CNC	D	0.2%	0.03%	0.03%
	CNP	A	0.12%	0.02%	0.02%
	COF	C	0.43%	0.08%	0.08%
	COP	C	0.49%	0.14%	0.14%
	COR	B	0.27%	0.05%	0.05%
	CPAY	A	0.01%	0.03%	0.01%
	CPB	D	0.05%	0.01%	0.01%
	CPT	B	0.02%	0.01%	0.01%
	CRL	D	0.01%	0.01%	0.01%
	CSCO	B	1.11%	0.25%	0.25%
	CSX	C	0.13%	0.07%	0.07%
	CTLT	C	0.02%	0.01%	0.01%
	CTRA	B	0.1%	0.02%	0.02%
	CTSH	B	0.21%	0.04%	0.04%
	CTVA	C	0.13%	0.04%	0.04%
	CVS	D	0.45%	0.07%	0.07%
	CVX	A	1.82%	0.3%	0.3%
	CZR	F	0.05%	0.01%	0.01%
	D	C	0.31%	0.05%	0.05%
	DAL	B	0.06%	0.04%	0.04%
	DD	C	0.15%	0.04%	0.04%
	DE	B	0.42%	0.11%	0.11%
	DELL	B	0.11%	0.04%	0.04%
	DFS	B	0.13%	0.05%	0.05%
	DG	F	0.11%	0.02%	0.02%
	DGX	A	0.11%	0.02%	0.02%
	DHI	F	0.25%	0.05%	0.05%
	DHR	F	0.02%	0.17%	0.02%
	DIS	B	0.33%	0.21%	0.21%
	DLR	B	0.08%	0.06%	0.06%
	DLTR	F	0.06%	0.01%	0.01%
	DOC	C	0.09%	0.02%	0.02%
	DOV	A	0.05%	0.03%	0.03%
	DOW	F	0.2%	0.03%	0.03%
	DRI	B	0.08%	0.02%	0.02%
	DTE	C	0.14%	0.03%	0.03%
	DUK	C	0.56%	0.09%	0.09%
	DVA	C	0.04%	0.01%	0.01%
	DVN	F	0.15%	0.03%	0.03%
	EA	A	0.05%	0.04%	0.04%
	EBAY	D	0.09%	0.03%	0.03%
	ED	C	0.21%	0.04%	0.04%
	EG	C	0.09%	0.02%	0.02%
	EIX	B	0.2%	0.03%	0.03%
	EL	F	0.05%	0.02%	0.02%
	ELV	F	0.3%	0.1%	0.1%
	EMN	C	0.08%	0.01%	0.01%
	EMR	B	0.22%	0.08%	0.08%
	EOG	A	0.51%	0.08%	0.08%
	EPAM	B	0.0%	0.02%	0.0%
	EQR	C	0.11%	0.03%	0.03%
	EQT	B	0.08%	0.03%	0.03%
	ES	C	0.14%	0.02%	0.02%
	ESS	B	0.07%	0.02%	0.02%
	ETR	B	0.21%	0.03%	0.03%
	EVRG	A	0.08%	0.02%	0.02%
	EXC	C	0.25%	0.04%	0.04%
	EXPD	C	0.04%	0.02%	0.02%
	EXR	C	0.09%	0.04%	0.04%
	F	C	0.28%	0.05%	0.05%
	FANG	C	0.2%	0.04%	0.04%
	FAST	B	0.03%	0.05%	0.03%
	FDX	B	0.41%	0.07%	0.07%
	FE	C	0.14%	0.02%	0.02%
	FFIV	B	0.03%	0.02%	0.02%
	FIS	C	0.17%	0.05%	0.05%
	FITB	B	0.2%	0.03%	0.03%
	FMC	D	0.04%	0.01%	0.01%
	FOX	A	0.03%	0.01%	0.01%
	FOXA	A	0.08%	0.01%	0.01%
	FRT	B	0.04%	0.01%	0.01%
	FTV	C	0.05%	0.03%	0.03%
	GD	D	0.21%	0.08%	0.08%
	GE	D	0.08%	0.21%	0.08%
	GEHC	D	0.05%	0.04%	0.04%
	GEN	B	0.06%	0.02%	0.02%
	GEV	B	0.04%	0.1%	0.04%
	GILD	C	0.75%	0.12%	0.12%
	GIS	D	0.24%	0.04%	0.04%
	GL	C	0.06%	0.01%	0.01%
	GLW	B	0.18%	0.04%	0.04%
	GM	C	0.43%	0.07%	0.07%
	GNRC	C	0.02%	0.01%	0.01%
	GPC	D	0.1%	0.02%	0.02%
	GPN	B	0.16%	0.03%	0.03%
	GRMN	B	0.05%	0.03%	0.03%
	GS	A	1.03%	0.2%	0.2%
	HAL	C	0.16%	0.03%	0.03%
	HAS	D	0.05%	0.01%	0.01%
	HBAN	A	0.15%	0.03%	0.03%
	HCA	F	0.23%	0.07%	0.07%
	HD	B	0.97%	0.43%	0.43%
	HIG	B	0.23%	0.04%	0.04%
	HII	F	0.05%	0.01%	0.01%
	HOLX	D	0.05%	0.02%	0.02%
	HON	C	0.39%	0.16%	0.16%
	HPE	B	0.17%	0.03%	0.03%
	HPQ	B	0.23%	0.04%	0.04%
	HRL	D	0.05%	0.01%	0.01%
	HSIC	C	0.05%	0.01%	0.01%
	HST	C	0.07%	0.01%	0.01%
	HSY	F	0.07%	0.03%	0.03%
	HUBB	B	0.01%	0.03%	0.01%
	HUM	C	0.22%	0.04%	0.04%
	IBM	C	1.26%	0.21%	0.21%
	ICE	C	0.13%	0.1%	0.1%
	IEX	C	0.02%	0.02%	0.02%
	IFF	D	0.15%	0.02%	0.02%
	INTC	C	0.7%	0.12%	0.12%
	INVH	D	0.02%	0.02%	0.02%
	IP	A	0.13%	0.02%	0.02%
	IPG	D	0.07%	0.01%	0.01%
	IRM	C	0.01%	0.04%	0.01%
	ITW	B	0.12%	0.08%	0.08%
	IVZ	B	0.05%	0.01%	0.01%
	J	D	0.07%	0.02%	0.02%
	JBHT	C	0.03%	0.02%	0.02%
	JBL	C	0.08%	0.02%	0.02%
	JCI	B	0.21%	0.06%	0.06%
	JKHY	D	0.0%	0.01%	0.0%
	JNJ	C	2.07%	0.39%	0.39%
	JNPR	D	0.06%	0.01%	0.01%
	JPM	A	3.54%	0.74%	0.74%
	K	A	0.14%	0.02%	0.02%
	KDP	F	0.15%	0.04%	0.04%
	KEY	B	0.11%	0.02%	0.02%
	KEYS	A	0.02%	0.03%	0.02%
	KHC	F	0.16%	0.03%	0.03%
	KIM	A	0.1%	0.02%	0.02%
	KKR	A	0.07%	0.11%	0.07%
	KMB	C	0.23%	0.05%	0.05%
	KMI	A	0.35%	0.06%	0.06%
	KMX	B	0.06%	0.01%	0.01%
	KO	D	0.59%	0.26%	0.26%
	KR	B	0.26%	0.04%	0.04%
	KVUE	A	0.23%	0.05%	0.05%
	L	A	0.09%	0.02%	0.02%
	LDOS	C	0.07%	0.02%	0.02%
	LEN	D	0.26%	0.04%	0.04%
	LEN	D	0.0%	0.04%	0.0%
	LH	B	0.12%	0.02%	0.02%
	LHX	C	0.18%	0.05%	0.05%
	LKQ	F	0.06%	0.01%	0.01%
	LMT	D	0.68%	0.12%	0.12%
	LNT	A	0.1%	0.02%	0.02%
	LOW	C	0.69%	0.17%	0.17%
	LUV	C	0.03%	0.02%	0.02%
	LVS	B	0.07%	0.02%	0.02%
	LW	C	0.02%	0.01%	0.01%
	LYB	F	0.13%	0.02%	0.02%
	MAA	B	0.06%	0.02%	0.02%
	MAS	D	0.08%	0.02%	0.02%
	MCD	D	0.6%	0.23%	0.23%
	MCHP	F	0.03%	0.04%	0.03%
	MCK	A	0.47%	0.09%	0.09%
	MDLZ	F	0.3%	0.09%	0.09%
	MDT	D	0.72%	0.12%	0.12%
	MET	A	0.33%	0.05%	0.05%
	MGM	D	0.0%	0.01%	0.0%
	MHK	D	0.05%	0.01%	0.01%
	MKC	C	0.07%	0.02%	0.02%
	MKTX	D	0.02%	0.01%	0.01%
	MMC	B	0.04%	0.12%	0.04%
	MMM	D	0.48%	0.08%	0.08%
	MO	A	0.62%	0.1%	0.1%
	MOH	F	0.05%	0.02%	0.02%
	MOS	F	0.05%	0.01%	0.01%
	MPC	D	0.36%	0.06%	0.06%
	MRK	D	0.6%	0.27%	0.27%
	MRO	B	0.1%	0.02%	0.02%
	MS	A	0.99%	0.18%	0.18%
	MTB	A	0.23%	0.04%	0.04%
	MTCH	D	0.05%	0.01%	0.01%
	MU	D	0.36%	0.12%	0.12%
	NCLH	B	0.04%	0.01%	0.01%
	NDAQ	A	0.07%	0.03%	0.03%
	NDSN	B	0.01%	0.02%	0.01%
	NEE	C	0.54%	0.17%	0.17%
	NEM	D	0.2%	0.05%	0.05%
	NI	A	0.1%	0.02%	0.02%
	NKE	F	0.23%	0.1%	0.1%
	NOC	D	0.27%	0.07%	0.07%
	NRG	B	0.12%	0.02%	0.02%
	NSC	B	0.19%	0.06%	0.06%
	NTAP	C	0.03%	0.03%	0.03%
	NTRS	A	0.14%	0.02%	0.02%
	NUE	C	0.22%	0.04%	0.04%
	NVR	D	0.04%	0.03%	0.03%
	NWS	A	0.02%	0.0%	0.0%
	NWSA	A	0.04%	0.01%	0.01%
	O	C	0.32%	0.05%	0.05%
	OKE	A	0.37%	0.07%	0.07%
	OMC	C	0.13%	0.02%	0.02%
	ON	D	0.02%	0.03%	0.02%
	OTIS	C	0.08%	0.04%	0.04%
	OXY	D	0.1%	0.04%	0.04%
	PARA	C	0.03%	0.01%	0.01%
	PAYX	B	0.08%	0.05%	0.05%
	PCAR	B	0.39%	0.07%	0.07%
	PCG	A	0.27%	0.05%	0.05%
	PEG	A	0.25%	0.05%	0.05%
	PEP	F	0.66%	0.24%	0.24%
	PFE	F	0.94%	0.16%	0.16%
	PFG	D	0.12%	0.02%	0.02%
	PG	C	0.83%	0.42%	0.42%
	PH	A	0.02%	0.1%	0.02%
	PHM	D	0.15%	0.03%	0.03%
	PKG	A	0.11%	0.02%	0.02%
	PLD	F	0.14%	0.11%	0.11%
	PM	B	1.3%	0.21%	0.21%
	PNC	B	0.54%	0.09%	0.09%
	PNR	A	0.02%	0.02%	0.02%
	PNW	A	0.06%	0.01%	0.01%
	POOL	C	0.01%	0.01%	0.01%
	PPG	F	0.14%	0.03%	0.03%
	PPL	A	0.15%	0.03%	0.03%
	PRU	A	0.29%	0.05%	0.05%
	PSA	C	0.12%	0.06%	0.06%
	PSX	C	0.36%	0.06%	0.06%
	PYPL	B	0.24%	0.09%	0.09%
	QCOM	F	0.08%	0.2%	0.08%
	QRVO	F	0.0%	0.01%	0.0%
	REG	A	0.07%	0.01%	0.01%
	RF	A	0.15%	0.03%	0.03%
	RJF	A	0.07%	0.03%	0.03%
	RL	C	0.02%	0.01%	0.01%
	ROK	C	0.04%	0.04%	0.04%
	ROP	B	0.01%	0.07%	0.01%
	RTX	D	0.82%	0.17%	0.17%
	RVTY	F	0.06%	0.02%	0.02%
	SBUX	A	0.32%	0.12%	0.12%
	SCHW	B	0.07%	0.13%	0.07%
	SJM	D	0.07%	0.01%	0.01%
	SLB	C	0.29%	0.07%	0.07%
	SNA	A	0.11%	0.02%	0.02%
	SO	C	0.57%	0.1%	0.1%
	SOLV	D	0.03%	0.01%	0.01%
	SPG	A	0.35%	0.06%	0.06%
	SRE	A	0.37%	0.06%	0.06%
	STLD	B	0.12%	0.02%	0.02%
	STT	B	0.18%	0.03%	0.03%
	STX	C	0.13%	0.02%	0.02%
	STZ	D	0.11%	0.04%	0.04%
	SW	A	0.08%	0.03%	0.03%
	SWK	D	0.09%	0.01%	0.01%
	SWKS	F	0.07%	0.01%	0.01%
	SYF	B	0.17%	0.03%	0.03%
	SYY	D	0.19%	0.04%	0.04%
	T	A	1.04%	0.17%	0.17%
	TAP	C	0.07%	0.01%	0.01%
	TDY	B	0.03%	0.02%	0.02%
	TFC	A	0.39%	0.07%	0.07%
	TFX	F	0.03%	0.01%	0.01%
	TGT	F	0.46%	0.08%	0.08%
	TMUS	B	0.46%	0.13%	0.13%
	TPR	B	0.08%	0.01%	0.01%
	TRMB	B	0.01%	0.02%	0.01%
	TROW	B	0.16%	0.03%	0.03%
	TRV	B	0.38%	0.06%	0.06%
	TSCO	D	0.0%	0.03%	0.0%
	TSN	B	0.12%	0.02%	0.02%
	TXN	C	0.36%	0.2%	0.2%
	TXT	D	0.06%	0.02%	0.02%
	UAL	A	0.05%	0.03%	0.03%
	UDR	B	0.05%	0.01%	0.01%
	UHS	D	0.07%	0.01%	0.01%
	ULTA	F	0.0%	0.02%	0.0%
	UNH	B	0.83%	0.59%	0.59%
	UNP	C	0.27%	0.15%	0.15%
	UPS	C	0.63%	0.1%	0.1%
	URI	C	0.08%	0.06%	0.06%
	USB	A	0.49%	0.08%	0.08%
	VICI	C	0.2%	0.04%	0.04%
	VLO	C	0.29%	0.05%	0.05%
	VRSN	C	0.01%	0.02%	0.01%
	VST	A	0.02%	0.05%	0.02%
	VTR	B	0.17%	0.03%	0.03%
	VTRS	A	0.09%	0.02%	0.02%
	VZ	C	1.03%	0.19%	0.19%
	WAB	B	0.03%	0.04%	0.03%
	WBA	F	0.04%	0.01%	0.01%
	WBD	B	0.14%	0.02%	0.02%
	WDC	D	0.13%	0.02%	0.02%
	WEC	A	0.2%	0.03%	0.03%
	WELL	A	0.18%	0.08%	0.08%
	WFC	A	1.66%	0.27%	0.27%
	WMB	A	0.33%	0.07%	0.07%
	WMT	A	1.0%	0.4%	0.4%
	WRB	A	0.08%	0.02%	0.02%
	WTW	B	0.08%	0.03%	0.03%
	WY	F	0.12%	0.02%	0.02%
	WYNN	C	0.05%	0.01%	0.01%
	XEL	A	0.25%	0.04%	0.04%
	XOM	B	2.77%	0.58%	0.58%
	XYL	D	0.02%	0.03%	0.02%
	YUM	D	0.07%	0.04%	0.04%
	ZBH	C	0.13%	0.02%	0.02%
	ZBRA	B	0.0%	0.02%	0.0%

STXV Overweight 301 Positions Relative to PHDG

	Symbol	Grade	Weight
	STLA	F	0.17%
	THC	D	0.12%
	AER	A	0.12%
	MKL	A	0.11%
	EQH	C	0.1%
	FNF	B	0.1%
	FLEX	B	0.1%
	TOL	B	0.1%
	IBKR	A	0.1%
	CG	B	0.09%
	RNR	C	0.09%
	RGA	A	0.09%
	LNG	A	0.09%
	EWBC	A	0.09%
	JLL	D	0.08%
	AFG	A	0.08%
	SF	B	0.08%
	OC	A	0.08%
	RS	B	0.08%
	PFGC	B	0.08%
	DTM	A	0.07%
	CMA	B	0.07%
	COHR	B	0.07%
	WCC	B	0.07%
	OHI	C	0.07%
	INGR	C	0.07%
	CCK	D	0.07%
	WPC	C	0.07%
	FHN	A	0.07%
	UNM	A	0.07%
	GLPI	C	0.07%
	OVV	B	0.07%
	ADC	A	0.06%
	SNV	C	0.06%
	SSNC	B	0.06%
	SSB	B	0.06%
	CNH	C	0.06%
	ALSN	B	0.06%
	RPRX	D	0.06%
	WAL	B	0.06%
	RRX	B	0.06%
	WBS	A	0.06%
	HRB	D	0.06%
	PR	B	0.06%
	ALLY	C	0.06%
	ORI	A	0.06%
	LAD	A	0.06%
	ARMK	B	0.06%
	JEF	A	0.06%
	WTFC	A	0.05%
	BERY	C	0.05%
	RRC	B	0.05%
	SNX	D	0.05%
	OGE	A	0.05%
	CFR	B	0.05%
	PNFP	B	0.05%
	GPK	C	0.05%
	PB	B	0.05%
	BPOP	C	0.05%
	FYBR	C	0.05%
	FCNCA	A	0.05%
	BRX	A	0.05%
	MTZ	B	0.05%
	FBIN	D	0.05%
	WTRG	B	0.05%
	RPM	A	0.05%
	CHRD	D	0.05%
	G	B	0.05%
	VOYA	B	0.05%
	DOX	D	0.05%
	ZION	B	0.05%
	USFD	A	0.05%
	SIGI	C	0.04%
	THO	B	0.04%
	AMG	B	0.04%
	MAT	D	0.04%
	ESNT	F	0.04%
	ACI	C	0.04%
	COLD	D	0.04%
	SON	F	0.04%
	BJ	A	0.04%
	WHR	B	0.04%
	OMF	A	0.04%
	ARW	D	0.04%
	PRI	B	0.04%
	MTDR	B	0.04%
	IDA	A	0.04%
	SIRI	C	0.04%
	X	B	0.04%
	XPO	B	0.04%
	CMC	B	0.04%
	JAZZ	B	0.04%
	MTG	C	0.04%
	VFC	C	0.04%
	AR	B	0.04%
	BBWI	C	0.04%
	DINO	D	0.04%
	DAR	C	0.04%
	RHI	C	0.04%
	NNN	C	0.04%
	FAF	A	0.04%
	CRBG	B	0.04%
	OSK	C	0.04%
	EHC	B	0.04%
	LAMR	C	0.04%
	AGNC	C	0.04%
	IAC	F	0.03%
	UFPI	C	0.03%
	LBRDK	C	0.03%
	POST	C	0.03%
	M	F	0.03%
	OGN	F	0.03%
	BYD	B	0.03%
	MSTR	B	0.03%
	KRC	B	0.03%
	RH	C	0.03%
	THG	A	0.03%
	TKR	D	0.03%
	DCI	B	0.03%
	UHAL	D	0.03%
	AA	A	0.03%
	NXST	C	0.03%
	APG	B	0.03%
	CACI	D	0.03%
	SAIC	F	0.03%
	TPG	A	0.03%
	ATR	B	0.03%
	UGI	C	0.03%
	SEE	C	0.03%
	ACM	B	0.03%
	SEIC	B	0.03%
	CBSH	B	0.03%
	UBSI	B	0.03%
	GXO	B	0.03%
	ST	F	0.03%
	CUBE	C	0.03%
	CLF	F	0.03%
	GAP	C	0.03%
	NFG	A	0.03%
	MLI	B	0.03%
	PVH	C	0.03%
	OLN	F	0.03%
	OZK	B	0.03%
	WH	B	0.03%
	AYI	B	0.03%
	SLM	A	0.03%
	MIDD	C	0.03%
	AL	B	0.03%
	MUR	D	0.03%
	AGCO	D	0.03%
	LEA	F	0.03%
	AN	C	0.03%
	DKS	D	0.03%
	RDN	D	0.03%
	AXS	A	0.03%
	STWD	C	0.03%
	ELAN	D	0.03%
	NOV	C	0.03%
	BIO	C	0.03%
	LNC	C	0.03%
	BC	C	0.03%
	POR	C	0.03%
	VNO	C	0.02%
	AVTR	F	0.02%
	FFIN	B	0.02%
	HUN	F	0.02%
	KNX	C	0.02%
	SCI	B	0.02%
	VNT	C	0.02%
	AXTA	B	0.02%
	HESM	B	0.02%
	ROIV	C	0.02%
	PAG	B	0.02%
	BXMT	C	0.02%
	MMS	F	0.02%
	REXR	F	0.02%
	WSM	C	0.02%
	MTN	C	0.02%
	RIG	D	0.02%
	MDU	D	0.02%
	WLK	D	0.02%
	Z	A	0.02%
	FLR	B	0.02%
	EVR	B	0.02%
	GNTX	C	0.02%
	TNL	A	0.02%
	PRGO	C	0.02%
	GTES	A	0.02%
	PBF	D	0.02%
	DXC	B	0.02%
	ASH	F	0.02%
	NWL	C	0.02%
	FLS	B	0.02%
	MSM	C	0.02%
	W	D	0.02%
	EEFT	B	0.02%
	BKH	A	0.02%
	FLO	D	0.02%
	PII	F	0.02%
	PNM	B	0.02%
	XRAY	F	0.02%
	HOG	D	0.02%
	SKX	D	0.02%
	CUZ	B	0.02%
	ILMN	C	0.02%
	CIEN	C	0.02%
	WU	F	0.02%
	WWD	C	0.02%
	SMG	C	0.02%
	ACHC	F	0.01%
	RLI	A	0.01%
	LSTR	D	0.01%
	TPX	B	0.01%
	SFM	A	0.01%
	CAR	C	0.01%
	AMH	C	0.01%
	CHE	D	0.01%
	ARWR	D	0.01%
	PPC	C	0.01%
	EXP	B	0.01%
	HLI	A	0.01%
	RKT	F	0.01%
	LEVI	F	0.01%
	RCM	A	0.01%
	LECO	C	0.01%
	BOKF	B	0.01%
	ALK	B	0.01%
	GGG	B	0.01%
	KBR	F	0.01%
	CNM	D	0.01%
	LITE	B	0.01%
	COLM	C	0.01%
	BWXT	B	0.01%
	AWI	A	0.01%
	AIT	B	0.01%
	CACC	D	0.01%
	AMKR	D	0.01%
	RHP	B	0.01%
	CLVT	D	0.01%
	CSL	C	0.01%
	VMI	B	0.01%
	CW	C	0.01%
	CWEN	C	0.01%
	RYN	D	0.01%
	ZI	D	0.01%
	MAN	F	0.01%
	GME	C	0.01%
	ELS	C	0.01%
	CHX	C	0.01%
	RUN	F	0.01%
	HXL	F	0.01%
	ITT	A	0.01%
	WEN	D	0.01%
	IGT	F	0.01%
	CNXC	F	0.01%
	AGR	A	0.01%
	AAP	D	0.01%
	CXT	C	0.01%
	DDS	B	0.01%
	CPRI	F	0.01%
	AAL	B	0.01%
	STAG	D	0.01%
	REYN	D	0.01%
	SUI	C	0.01%
	TKO	A	0.01%
	ADTN	A	0.01%
	DOCS	C	0.0%
	SEG	B	0.0%
	WMG	D	0.0%
	LFUS	D	0.0%
	FIVE	F	0.0%
	UWMC	D	0.0%
	UHAL	D	0.0%
	PCOR	B	0.0%
	SAM	C	0.0%
	SITE	F	0.0%
	EGP	D	0.0%
	CRUS	D	0.0%
	YETI	D	0.0%
	ETSY	D	0.0%
	IPGP	D	0.0%
	COKE	C	0.0%
	FR	D	0.0%
	SYNA	C	0.0%
	CWEN	C	0.0%
	DV	C	0.0%
	IONS	F	0.0%
	HHH	B	0.0%
	WTS	B	0.0%
	LBRDA	C	0.0%
	ALTR	B	0.0%
	LANC	C	0.0%
	TNET	F	0.0%
	TTC	C	0.0%
	TFSL	A	0.0%
	ZG	A	0.0%
	CRSP	D	0.0%
	NFE	D	0.0%
	NSA	C	0.0%
	MKSI	C	0.0%
	DLB	B	0.0%

STXV Underweight 125 Positions Relative to PHDG

	Symbol	Grade	Weight
	NVDA	B	-3.89%
	AAPL	C	-3.74%
	MSFT	D	-3.42%
	AMZN	C	-2.13%
	META	D	-1.36%
	GOOGL	C	-1.11%
	TSLA	B	-0.93%
	GOOG	C	-0.92%
	AVGO	D	-0.86%
	LLY	F	-0.67%
	V	A	-0.56%
	MA	B	-0.46%
	COST	A	-0.44%
	NFLX	A	-0.39%
	CRM	B	-0.35%
	ORCL	A	-0.32%
	ADBE	C	-0.25%
	AMD	F	-0.24%
	NOW	A	-0.23%
	LIN	C	-0.23%
	TMO	F	-0.22%
	ISRG	A	-0.21%
	INTU	B	-0.21%
	SPGI	C	-0.18%
	BKNG	A	-0.18%
	AMAT	F	-0.17%
	ETN	A	-0.16%
	UBER	F	-0.16%
	PGR	A	-0.16%
	TJX	A	-0.15%
	PANW	B	-0.14%
	BSX	A	-0.14%
	SYK	B	-0.14%
	PLTR	B	-0.13%
	FI	A	-0.13%
	VRTX	D	-0.13%
	LRCX	F	-0.11%
	ANET	C	-0.11%
	BA	F	-0.11%
	SHW	B	-0.1%
	TT	A	-0.1%
	ZTS	D	-0.09%
	CRWD	B	-0.09%
	WM	B	-0.09%
	CMG	B	-0.09%
	MSI	B	-0.09%
	REGN	F	-0.09%
	CDNS	B	-0.09%
	SNPS	B	-0.09%
	EQIX	A	-0.09%
	KLAC	F	-0.09%
	APH	A	-0.09%
	ORLY	B	-0.08%
	TDG	D	-0.08%
	CTAS	B	-0.08%
	MCO	B	-0.08%
	HLT	A	-0.07%
	FCX	F	-0.07%
	ECL	D	-0.07%
	AJG	A	-0.07%
	MAR	A	-0.07%
	ADSK	A	-0.07%
	GWW	B	-0.06%
	AZO	C	-0.06%
	RCL	A	-0.06%
	FICO	B	-0.06%
	NXPI	D	-0.06%
	ABNB	C	-0.06%
	FTNT	C	-0.06%
	TRGP	A	-0.05%
	ODFL	C	-0.05%
	RSG	A	-0.05%
	AXON	A	-0.05%
	HWM	A	-0.05%
	ROST	D	-0.05%
	PWR	A	-0.05%
	MSCI	C	-0.05%
	CPRT	B	-0.05%
	RMD	C	-0.04%
	IDXX	F	-0.04%
	IQV	F	-0.04%
	MLM	C	-0.04%
	VMC	B	-0.04%
	LULU	C	-0.04%
	MNST	C	-0.04%
	EW	C	-0.04%
	HES	B	-0.04%
	VRSK	A	-0.04%
	IT	C	-0.04%
	IR	B	-0.04%
	SBAC	D	-0.03%
	WST	C	-0.03%
	VLTO	C	-0.03%
	BRO	B	-0.03%
	GDDY	A	-0.03%
	TYL	B	-0.03%
	MTD	F	-0.03%
	DECK	A	-0.03%
	MPWR	F	-0.03%
	TTWO	A	-0.03%
	ANSS	B	-0.03%
	DXCM	C	-0.03%
	CSGP	D	-0.03%
	EFX	F	-0.03%
	ROL	B	-0.02%
	DPZ	C	-0.02%
	ALGN	D	-0.02%
	TER	F	-0.02%
	PODD	C	-0.02%
	FDS	B	-0.02%
	LYV	A	-0.02%
	CBOE	C	-0.02%
	FSLR	F	-0.02%
	STE	D	-0.02%
	WAT	C	-0.02%
	EXPE	B	-0.02%
	PTC	B	-0.02%
	ENPH	F	-0.01%
	SMCI	F	-0.01%
	ERIE	D	-0.01%
	PAYC	B	-0.01%
	TECH	F	-0.01%
	DAY	B	-0.01%
	INCY	C	-0.01%
	MRNA	F	-0.01%

STXV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Asset Management Oil & Gas E&P Packaged Foods Specialty Retail Business Services Packaging & Containers Insurance - Property & Casualty REIT - Residential Information Technology Services REIT - Industrial Semiconductors Aerospace & Defense Capital Markets Credit Services Scientific & Technical Instruments Specialty Chemicals Diagnostics & Research

Keywords: S&P 500 Natural Gas Nasdaq 100 Insurance Bank Real Estate Investment Trust Electricity Banking Aerospace Chemical Electronics Mining Insurance Products Computing Dow Jones Component Telecommunications Beverage Commercial Banking Financial Products Plastic

PHDG: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank