PRF vs. BIV ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Vanguard Intermediate-Term Bond ETF (BIV)

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$40.51

Average Daily Volume

211,623

Number of Holdings ^*

982

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.65

Average Daily Volume

1,078,241

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	PRF	BIV
30 Days	-1.01%	-1.74%
60 Days	2.37%	-2.56%
90 Days	7.35%	-0.80%
12 Months	27.39%	8.35%

430 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in BIV	Overlap
A	B	0.04%	0.01%	0.01%
AAL	B	0.02%	0.01%	0.01%
AAP	F	0.02%	0.02%	0.02%
AAPL	C	2.38%	0.01%	0.01%
ABBV	A	0.69%	0.05%	0.05%
ABT	A	0.32%	0.01%	0.01%
ACGL	F	0.08%	0.01%	0.01%
ADBE	F	0.11%	0.02%	0.02%
ADC	C	0.02%	0.01%	0.01%
ADI	C	0.19%	0.02%	0.02%
ADM	F	0.23%	0.02%	0.02%
ADP	A	0.14%	0.02%	0.02%
ADSK	A	0.02%	0.01%	0.01%
AEE	B	0.09%	0.01%	0.01%
AEP	D	0.22%	0.01%	0.01%
AER	C	0.09%	0.01%	0.01%
AES	F	0.06%	0.01%	0.01%
AFG	D	0.05%	0.01%	0.01%
AFL	D	0.21%	0.01%	0.01%
AGO	B	0.02%	0.01%	0.01%
AGR	C	0.02%	0.01%	0.01%
AIG	B	0.32%	0.01%	0.01%
AIZ	D	0.04%	0.01%	0.01%
AL	C	0.03%	0.01%	0.01%
ALL	D	0.2%	0.01%	0.01%
ALLE	C	0.02%	0.01%	0.01%
AMAT	F	0.13%	0.01%	0.01%
AMG	C	0.02%	0.02%	0.02%
AMGN	D	0.35%	0.01%	0.01%
AMH	F	0.02%	0.01%	0.01%
AMT	D	0.17%	0.01%	0.01%
AMZN	A	1.63%	0.02%	0.02%
AN	D	0.05%	0.01%	0.01%
AON	A	0.07%	0.01%	0.01%
APD	B	0.16%	0.01%	0.01%
APH	B	0.08%	0.01%	0.01%
APTV	F	0.05%	0.01%	0.01%
ARE	F	0.07%	0.01%	0.01%
ARW	F	0.1%	0.01%	0.01%
ATO	B	0.06%	0.01%	0.01%
AVB	C	0.08%	0.01%	0.01%
AVGO	C	0.53%	0.01%	0.01%
AVT	B	0.04%	0.01%	0.01%
AVY	F	0.03%	0.01%	0.01%
AWK	D	0.06%	0.01%	0.01%
AXP	B	0.29%	0.05%	0.05%
AXS	B	0.03%	0.01%	0.01%
AYI	A	0.02%	0.01%	0.01%
AZO	D	0.07%	0.01%	0.01%
BA	D	0.13%	0.01%	0.01%
BAC	B	1.3%	0.01%	0.01%
BAX	F	0.06%	0.01%	0.01%
BBY	C	0.14%	0.01%	0.01%
BC	D	0.02%	0.02%	0.02%
BDN	D	0.01%	0.01%	0.01%
BDX	D	0.14%	0.01%	0.01%
BEN	C	0.04%	0.01%	0.01%
BERY	A	0.05%	0.01%	0.01%
BG	F	0.1%	0.01%	0.01%
BHF	B	0.03%	0.01%	0.01%
BIIB	F	0.1%	0.04%	0.04%
BK	B	0.27%	0.01%	0.01%
BKH	D	0.02%	0.01%	0.01%
BKNG	A	0.09%	0.01%	0.01%
BKU	D	0.02%	0.01%	0.01%
BMY	A	0.39%	0.01%	0.01%
BR	C	0.03%	0.02%	0.02%
BRO	A	0.03%	0.01%	0.01%
BRX	A	0.03%	0.01%	0.01%
BSX	B	0.12%	0.02%	0.02%
BWA	D	0.05%	0.03%	0.03%
BXP	C	0.07%	0.01%	0.01%
C	B	1.11%	0.01%	0.01%
CAG	F	0.07%	0.02%	0.02%
CAH	B	0.26%	0.03%	0.03%
CARR	D	0.11%	0.02%	0.02%
CAT	B	0.34%	0.01%	0.01%
CB	D	0.3%	0.03%	0.03%
CBOE	B	0.02%	0.01%	0.01%
CBT	A	0.02%	0.01%	0.01%
CCI	D	0.13%	0.01%	0.01%
CE	F	0.04%	0.01%	0.01%
CFG	B	0.15%	0.01%	0.01%
CHD	B	0.03%	0.01%	0.01%
CHRW	C	0.08%	0.02%	0.02%
CHTR	A	0.22%	0.02%	0.02%
CI	F	0.37%	0.01%	0.01%
CINF	B	0.08%	0.01%	0.01%
CLX	B	0.05%	0.01%	0.01%
CMA	B	0.05%	0.01%	0.01%
CMCSA	A	0.78%	0.01%	0.01%
CME	B	0.15%	0.01%	0.01%
CMI	B	0.14%	0.01%	0.01%
CMS	C	0.08%	0.01%	0.01%
CNH	B	0.06%	0.01%	0.01%
CNO	A	0.03%	0.02%	0.02%
CNP	B	0.07%	0.01%	0.01%
COF	A	0.39%	0.01%	0.01%
COP	C	0.39%	0.01%	0.01%
COST	D	0.55%	0.01%	0.01%
CPB	D	0.04%	0.02%	0.02%
CPT	D	0.04%	0.01%	0.01%
CRM	A	0.23%	0.02%	0.02%
CSL	D	0.03%	0.01%	0.01%
CSX	F	0.13%	0.01%	0.01%
CTAS	B	0.06%	0.02%	0.02%
CTVA	A	0.1%	0.01%	0.01%
CUBE	D	0.02%	0.01%	0.01%
CVS	F	0.56%	0.01%	0.01%
CVX	A	1.09%	0.01%	0.01%
D	C	0.28%	0.01%	0.01%
DAL	A	0.04%	0.02%	0.02%
DD	D	0.17%	0.05%	0.05%
DE	B	0.23%	0.01%	0.01%
DFS	A	0.18%	0.02%	0.02%
DG	F	0.06%	0.01%	0.01%
DGX	B	0.07%	0.01%	0.01%
DHI	D	0.13%	0.01%	0.01%
DHR	F	0.16%	0.01%	0.01%
DIS	C	0.38%	0.01%	0.01%
DLR	A	0.14%	0.02%	0.02%
DLTR	F	0.04%	0.03%	0.03%
DOC	C	0.07%	0.02%	0.02%
DOV	B	0.05%	0.01%	0.01%
DOW	F	0.21%	0.01%	0.01%
DOX	B	0.03%	0.02%	0.02%
DRI	C	0.04%	0.01%	0.01%
DTE	C	0.1%	0.01%	0.01%
DUK	C	0.42%	0.01%	0.01%
DVN	F	0.1%	0.01%	0.01%
DXC	C	0.05%	0.02%	0.02%
EA	A	0.04%	0.02%	0.02%
EBAY	D	0.1%	0.02%	0.02%
ECL	C	0.08%	0.01%	0.01%
ED	C	0.17%	0.01%	0.01%
EFX	D	0.03%	0.02%	0.02%
EIX	D	0.14%	0.01%	0.01%
EL	F	0.03%	0.01%	0.01%
EMN	D	0.07%	0.01%	0.01%
EMR	A	0.13%	0.01%	0.01%
EOG	D	0.25%	0.02%	0.02%
EPR	D	0.02%	0.01%	0.01%
EQH	B	0.06%	0.01%	0.01%
EQIX	B	0.1%	0.01%	0.01%
EQR	D	0.09%	0.01%	0.01%
ES	D	0.12%	0.01%	0.01%
ESGR	B	0.02%	0.03%	0.02%
ESS	D	0.05%	0.01%	0.01%
ETN	B	0.18%	0.02%	0.02%
ETR	A	0.14%	0.01%	0.01%
EVRG	C	0.07%	0.01%	0.01%
EW	D	0.03%	0.01%	0.01%
EXC	C	0.21%	0.01%	0.01%
EXPE	A	0.04%	0.02%	0.02%
EXR	D	0.04%	0.01%	0.01%
FAF	D	0.04%	0.01%	0.01%
FANG	D	0.08%	0.01%	0.01%
FDX	D	0.3%	0.01%	0.01%
FIS	B	0.16%	0.01%	0.01%
FITB	B	0.14%	0.01%	0.01%
FLEX	A	0.07%	0.01%	0.01%
FLO	F	0.02%	0.01%	0.01%
FLS	A	0.02%	0.01%	0.01%
FMC	B	0.04%	0.01%	0.01%
FNF	C	0.07%	0.01%	0.01%
FOXA	A	0.05%	0.02%	0.02%
FRT	D	0.03%	0.01%	0.01%
FTNT	B	0.01%	0.01%	0.01%
GD	C	0.19%	0.02%	0.02%
GE	D	0.23%	0.02%	0.02%
GILD	A	0.37%	0.01%	0.01%
GIS	D	0.14%	0.01%	0.01%
GL	C	0.03%	0.01%	0.01%
GLPI	C	0.03%	0.01%	0.01%
GM	B	0.73%	0.01%	0.01%
GOOGL	A	1.06%	0.02%	0.02%
GPC	F	0.05%	0.01%	0.01%
GPN	C	0.06%	0.01%	0.01%
GS	B	0.71%	0.01%	0.01%
GXO	B	0.03%	0.01%	0.01%
HAL	F	0.06%	0.02%	0.02%
HAS	D	0.04%	0.01%	0.01%
HBAN	B	0.11%	0.01%	0.01%
HCA	D	0.17%	0.02%	0.02%
HD	B	0.72%	0.01%	0.01%
HES	B	0.05%	0.01%	0.01%
HIG	D	0.14%	0.02%	0.02%
HII	F	0.03%	0.01%	0.01%
HIW	C	0.03%	0.01%	0.01%
HON	C	0.27%	0.01%	0.01%
HP	C	0.02%	0.01%	0.01%
HPP	F	0.01%	0.01%	0.01%
HPQ	B	0.19%	0.02%	0.02%
HRB	C	0.03%	0.01%	0.01%
HRL	F	0.03%	0.01%	0.01%
HST	D	0.04%	0.02%	0.02%
HSY	F	0.04%	0.01%	0.01%
HUBB	B	0.03%	0.01%	0.01%
HUM	F	0.14%	0.01%	0.01%
HUN	F	0.03%	0.01%	0.01%
IBM	D	0.53%	0.01%	0.01%
ICE	C	0.13%	0.01%	0.01%
IEX	A	0.02%	0.01%	0.01%
IFF	D	0.09%	0.01%	0.01%
ILMN	A	0.02%	0.01%	0.01%
INGR	C	0.04%	0.01%	0.01%
INTC	C	0.41%	0.01%	0.01%
INTU	D	0.08%	0.01%	0.01%
INVH	F	0.05%	0.02%	0.02%
IPG	F	0.05%	0.01%	0.01%
ITW	A	0.12%	0.01%	0.01%
JBL	A	0.05%	0.01%	0.01%
JCI	C	0.17%	0.01%	0.01%
JEF	B	0.06%	0.01%	0.01%
JNJ	D	0.99%	0.01%	0.01%
JNPR	A	0.03%	0.01%	0.01%
JPM	B	2.1%	0.01%	0.01%
K	A	0.08%	0.01%	0.01%
KDP	F	0.09%	0.01%	0.01%
KEX	D	0.02%	0.01%	0.01%
KEY	B	0.11%	0.01%	0.01%
KEYS	C	0.03%	0.01%	0.01%
KIM	A	0.05%	0.01%	0.01%
KLAC	F	0.06%	0.02%	0.02%
KMB	D	0.14%	0.01%	0.01%
KMI	B	0.29%	0.01%	0.01%
KMPR	B	0.02%	0.01%	0.01%
KMT	B	0.01%	0.01%	0.01%
KO	D	0.5%	0.01%	0.01%
KR	B	0.3%	0.01%	0.01%
KRC	B	0.03%	0.01%	0.01%
KRG	A	0.02%	0.01%	0.01%
KSS	F	0.04%	0.01%	0.01%
L	D	0.06%	0.01%	0.01%
LDOS	A	0.07%	0.02%	0.02%
LEA	F	0.04%	0.01%	0.01%
LEG	F	0.02%	0.01%	0.01%
LEN	C	0.13%	0.01%	0.01%
LEN	C	0.01%	0.01%	0.01%
LH	A	0.06%	0.01%	0.01%
LHX	A	0.12%	0.01%	0.01%
LII	B	0.02%	0.01%	0.01%
LIN	D	0.3%	0.01%	0.01%
LLY	F	0.23%	0.01%	0.01%
LMT	D	0.36%	0.02%	0.02%
LNC	B	0.06%	0.01%	0.01%
LNT	C	0.06%	0.01%	0.01%
LOW	B	0.34%	0.01%	0.01%
LRCX	F	0.08%	0.02%	0.02%
LUV	B	0.02%	0.01%	0.01%
LVS	B	0.04%	0.02%	0.02%
LXP	D	0.01%	0.01%	0.01%
LYB	F	0.15%	0.01%	0.01%
MA	B	0.18%	0.01%	0.01%
MAA	D	0.05%	0.01%	0.01%
MAR	B	0.05%	0.01%	0.01%
MAS	D	0.03%	0.01%	0.01%
MCD	D	0.28%	0.02%	0.02%
MCO	D	0.06%	0.01%	0.01%
MDLZ	F	0.2%	0.01%	0.01%
MDT	C	0.37%	0.01%	0.01%
MET	C	0.29%	0.02%	0.02%
MHK	D	0.05%	0.01%	0.01%
MKC	D	0.05%	0.01%	0.01%
MKL	D	0.08%	0.01%	0.01%
MLM	A	0.04%	0.01%	0.01%
MMC	D	0.14%	0.02%	0.02%
MMM	D	0.41%	0.01%	0.01%
MO	A	0.48%	0.01%	0.01%
MOS	C	0.06%	0.02%	0.02%
MPC	F	0.29%	0.01%	0.01%
MRK	F	0.44%	0.02%	0.02%
MRO	B	0.07%	0.02%	0.02%
MRVL	A	0.06%	0.01%	0.01%
MS	B	0.53%	0.04%	0.04%
MSFT	D	1.94%	0.1%	0.1%
MSI	B	0.07%	0.01%	0.01%
MTB	B	0.15%	0.02%	0.02%
MU	C	0.33%	0.02%	0.02%
NDAQ	A	0.03%	0.01%	0.01%
NEE	D	0.41%	0.01%	0.01%
NEM	D	0.19%	0.02%	0.02%
NFG	C	0.02%	0.01%	0.01%
NI	A	0.06%	0.02%	0.02%
NKE	F	0.13%	0.01%	0.01%
NNN	D	0.02%	0.01%	0.01%
NOC	D	0.18%	0.02%	0.02%
NOV	F	0.02%	0.01%	0.01%
NOW	A	0.03%	0.03%	0.03%
NSC	C	0.13%	0.01%	0.01%
NTAP	D	0.06%	0.01%	0.01%
NTRS	B	0.09%	0.01%	0.01%
NUE	F	0.12%	0.01%	0.01%
NVDA	B	0.26%	0.03%	0.03%
NVR	D	0.05%	0.01%	0.01%
NVT	D	0.02%	0.01%	0.01%
NXPI	D	0.09%	0.01%	0.01%
O	D	0.11%	0.01%	0.01%
OC	B	0.05%	0.01%	0.01%
OGE	C	0.04%	0.01%	0.01%
OGS	C	0.02%	0.01%	0.01%
OHI	B	0.03%	0.01%	0.01%
OKE	A	0.16%	0.01%	0.01%
OMC	A	0.08%	0.01%	0.01%
ORCL	B	0.31%	0.01%	0.01%
ORLY	B	0.06%	0.01%	0.01%
OSK	C	0.03%	0.01%	0.01%
OTIS	B	0.06%	0.01%	0.01%
PCG	B	0.11%	0.01%	0.01%
PEG	C	0.16%	0.01%	0.01%
PEP	D	0.5%	0.01%	0.01%
PFE	F	0.87%	0.01%	0.01%
PFG	C	0.1%	0.01%	0.01%
PG	D	0.72%	0.01%	0.01%
PGR	D	0.24%	0.02%	0.02%
PH	A	0.1%	0.02%	0.02%
PHM	D	0.08%	0.01%	0.01%
PKG	A	0.06%	0.01%	0.01%
PLD	F	0.16%	0.01%	0.01%
PM	B	0.7%	0.01%	0.01%
PNC	B	0.34%	0.01%	0.01%
PNW	D	0.06%	0.01%	0.01%
PPG	F	0.07%	0.01%	0.01%
PRU	C	0.24%	0.01%	0.01%
PSA	D	0.08%	0.01%	0.01%
PSX	F	0.28%	0.01%	0.01%
PWR	B	0.06%	0.01%	0.01%
PYPL	B	0.19%	0.02%	0.02%
QCOM	D	0.32%	0.02%	0.02%
QRVO	F	0.02%	0.02%	0.02%
R	A	0.06%	0.01%	0.01%
REG	B	0.04%	0.01%	0.01%
REGN	F	0.12%	0.02%	0.02%
REXR	F	0.02%	0.01%	0.01%
RF	B	0.12%	0.01%	0.01%
RGA	D	0.06%	0.01%	0.01%
RJF	A	0.06%	0.03%	0.03%
RL	A	0.02%	0.02%	0.02%
RNR	B	0.02%	0.01%	0.01%
ROK	D	0.05%	0.01%	0.01%
ROP	D	0.06%	0.01%	0.01%
ROST	F	0.06%	0.01%	0.01%
RPM	B	0.03%	0.01%	0.01%
RPRX	D	0.02%	0.01%	0.01%
RS	C	0.05%	0.01%	0.01%
RSG	D	0.06%	0.01%	0.01%
RTX	C	0.5%	0.01%	0.01%
RYN	B	0.01%	0.01%	0.01%
SBRA	B	0.02%	0.01%	0.01%
SBUX	B	0.18%	0.01%	0.01%
SCHW	B	0.17%	0.01%	0.01%
SF	B	0.03%	0.01%	0.01%
SHW	B	0.09%	0.01%	0.01%
SJM	F	0.05%	0.01%	0.01%
SLB	F	0.13%	0.03%	0.03%
SNA	A	0.04%	0.01%	0.01%
SNX	C	0.04%	0.01%	0.01%
SO	C	0.38%	0.01%	0.01%
SON	F	0.02%	0.01%	0.01%
SPG	A	0.12%	0.01%	0.01%
SPGI	D	0.17%	0.01%	0.01%
SRE	C	0.18%	0.01%	0.01%
STE	C	0.03%	0.01%	0.01%
STLD	A	0.07%	0.01%	0.01%
STT	A	0.16%	0.01%	0.01%
STZ	F	0.07%	0.01%	0.01%
SUI	D	0.04%	0.01%	0.01%
SWK	D	0.08%	0.01%	0.01%
SWKS	F	0.04%	0.01%	0.01%
SWX	C	0.02%	0.01%	0.01%
SYF	B	0.2%	0.02%	0.02%
SYK	A	0.12%	0.02%	0.02%
SYY	C	0.14%	0.02%	0.02%
T	B	1.2%	0.01%	0.01%
TDY	B	0.04%	0.01%	0.01%
TFC	C	0.34%	0.01%	0.01%
TGT	D	0.29%	0.01%	0.01%
THG	C	0.02%	0.01%	0.01%
TJX	D	0.18%	0.01%	0.01%
TKR	C	0.02%	0.01%	0.01%
TMO	F	0.23%	0.01%	0.01%
TMUS	B	0.32%	0.04%	0.04%
TRMB	A	0.02%	0.02%	0.02%
TSCO	D	0.05%	0.01%	0.01%
TSN	D	0.14%	0.03%	0.03%
TT	C	0.1%	0.01%	0.01%
TXN	B	0.35%	0.01%	0.01%
TXT	F	0.04%	0.01%	0.01%
UAL	A	0.06%	0.01%	0.01%
UDR	D	0.04%	0.01%	0.01%
UHS	D	0.05%	0.02%	0.02%
UNH	D	1.03%	0.01%	0.01%
UNM	A	0.08%	0.01%	0.01%
UNP	F	0.25%	0.01%	0.01%
UPS	C	0.33%	0.01%	0.01%
USB	B	0.37%	0.01%	0.01%
V	A	0.24%	0.01%	0.01%
VFC	A	0.08%	0.01%	0.01%
VLO	F	0.32%	0.01%	0.01%
VMC	A	0.04%	0.01%	0.01%
VNO	B	0.06%	0.01%	0.01%
VNT	B	0.01%	0.01%	0.01%
VOYA	B	0.03%	0.01%	0.01%
VRSK	A	0.03%	0.01%	0.01%
VTR	B	0.12%	0.01%	0.01%
VTRS	C	0.09%	0.02%	0.02%
VZ	D	1.23%	0.01%	0.01%
WAB	A	0.06%	0.02%	0.02%
WBA	C	0.12%	0.01%	0.01%
WBS	B	0.03%	0.01%	0.01%
WEC	C	0.11%	0.01%	0.01%
WELL	A	0.17%	0.01%	0.01%
WFC	B	1.19%	0.04%	0.04%
WHR	A	0.06%	0.01%	0.01%
WLK	F	0.01%	0.01%	0.01%
WM	A	0.12%	0.01%	0.01%
WMB	A	0.23%	0.01%	0.01%
WMT	A	1.15%	0.01%	0.01%
WPC	F	0.04%	0.01%	0.01%
WTFC	B	0.02%	0.01%	0.01%
WTRG	C	0.03%	0.01%	0.01%
WU	F	0.03%	0.01%	0.01%
WY	C	0.09%	0.02%	0.02%
XEL	A	0.14%	0.01%	0.01%
XOM	A	2.23%	0.01%	0.01%
XRAY	F	0.01%	0.02%	0.01%
XYL	F	0.03%	0.01%	0.01%
ZBH	C	0.05%	0.02%	0.02%
ZION	B	0.04%	0.01%	0.01%
ZTS	F	0.06%	0.01%	0.01%

PRF Overweight 552 Positions Relative to BIV

Symbol	Grade	Weight
BRK.A	D	2.34%
META	B	1.01%
GOOG	A	0.9%
CSCO	A	0.63%
MCK	C	0.38%
F	F	0.38%
TSLA	B	0.31%
ELV	F	0.29%
ACN	C	0.25%
COR	A	0.25%
TRV	B	0.24%
CNC	D	0.23%
FI	A	0.21%
HPE	A	0.19%
NFLX	A	0.19%
AMD	F	0.17%
CEG	C	0.16%
KHC	F	0.15%
FCX	B	0.15%
VST	B	0.14%
PPL	C	0.14%
IP	A	0.14%
CL	F	0.14%
CBRE	A	0.13%
OXY	F	0.13%
BX	B	0.13%
GLW	B	0.13%
WBD	C	0.13%
PCAR	C	0.13%
PARA	C	0.12%
THC	B	0.12%
KKR	B	0.12%
NRG	A	0.11%
URI	B	0.11%
FE	D	0.11%
WDC	D	0.11%
ZIM	A	0.11%
IRM	B	0.1%
GEV	A	0.1%
JXN	B	0.1%
BKR	A	0.1%
VRTX	D	0.09%
TROW	A	0.09%
TRGP	A	0.09%
LUMN	A	0.09%
AMP	B	0.09%
CTSH	D	0.09%
VICI	D	0.08%
AA	B	0.08%
ISRG	B	0.08%
KMX	D	0.08%
ALLY	F	0.08%
GEHC	D	0.08%
USFD	A	0.08%
FYBR	B	0.07%
AJG	D	0.07%
WTW	A	0.07%
JLL	B	0.07%
CCL	A	0.07%
CTRA	F	0.07%
STX	D	0.07%
PAYX	B	0.07%
TDG	C	0.07%
ACI	F	0.07%
PFGC	B	0.07%
LAD	A	0.06%
ORI	D	0.06%
CF	B	0.06%
IVZ	B	0.06%
GEN	A	0.06%
MCHP	F	0.06%
IQV	F	0.06%
MRNA	F	0.06%
FAST	A	0.06%
SOLV	B	0.06%
LNG	A	0.06%
CRBG	B	0.06%
EQT	B	0.06%
SQ	B	0.06%
GRMN	A	0.06%
MGM	D	0.05%
RCL	A	0.05%
TAP	B	0.05%
KD	D	0.05%
FHN	B	0.05%
UGI	D	0.05%
ACM	A	0.05%
WCC	A	0.05%
BALL	F	0.05%
EG	F	0.05%
TOL	D	0.05%
BJ	A	0.05%
BAP	B	0.05%
MPW	D	0.05%
OMF	A	0.05%
YUM	D	0.05%
M	D	0.05%
MOH	D	0.05%
UBER	C	0.05%
TDS	B	0.05%
GWW	B	0.05%
X	C	0.05%
BLDR	F	0.05%
DVA	D	0.04%
ABG	B	0.04%
SSNC	D	0.04%
WSM	D	0.04%
DINO	F	0.04%
SNV	B	0.04%
HSIC	A	0.04%
UTHR	A	0.04%
AVTR	F	0.04%
ZBRA	A	0.04%
RMD	B	0.04%
CACI	A	0.04%
WRB	D	0.04%
EME	A	0.04%
OVV	D	0.04%
OGN	F	0.04%
TMHC	A	0.04%
TTWO	A	0.04%
HOLX	A	0.04%
BFH	C	0.04%
J	F	0.04%
MTZ	A	0.04%
AME	A	0.04%
STWD	D	0.04%
LKQ	D	0.04%
CASY	B	0.04%
GPI	B	0.04%
NWL	A	0.04%
EXPD	D	0.04%
AR	F	0.04%
APA	F	0.04%
APO	B	0.04%
EWBC	A	0.04%
SFM	A	0.04%
HWM	B	0.04%
CCEP	D	0.04%
HBI	A	0.04%
CCK	B	0.04%
SLG	B	0.04%
ON	F	0.04%
CDW	F	0.04%
GNRC	A	0.03%
LBRDK	A	0.03%
FBIN	C	0.03%
PNFP	A	0.03%
OLN	F	0.03%
ODFL	A	0.03%
FOX	A	0.03%
AGNC	D	0.03%
ALV	F	0.03%
ALSN	A	0.03%
ZM	A	0.03%
AXTA	A	0.03%
CUZ	B	0.03%
GAP	C	0.03%
VLY	B	0.03%
DAR	C	0.03%
FNB	B	0.03%
LPLA	A	0.03%
MAN	F	0.03%
CPRT	C	0.03%
AKAM	D	0.03%
BECN	B	0.03%
NXST	A	0.03%
CNX	B	0.03%
JBHT	A	0.03%
CTLT	D	0.03%
SANM	A	0.03%
PB	B	0.03%
MDU	F	0.03%
PNR	A	0.03%
NWSA	A	0.03%
BPOP	F	0.03%
SPOT	B	0.03%
COOP	C	0.03%
WSO	C	0.03%
THO	D	0.03%
ICLR	F	0.03%
AGCO	C	0.03%
RRX	A	0.03%
LAMR	B	0.03%
CG	B	0.03%
CMG	D	0.03%
FCNCA	C	0.03%
JHG	A	0.03%
JWN	B	0.03%
FSLR	C	0.03%
CPNG	A	0.03%
ALB	C	0.03%
MNST	A	0.03%
FLR	B	0.03%
CLF	C	0.03%
HOOD	B	0.03%
BURL	D	0.03%
SNPS	B	0.03%
WAL	D	0.03%
KNX	A	0.03%
TRU	C	0.03%
MTH	C	0.03%
MUSA	C	0.03%
TPR	A	0.03%
GPK	D	0.03%
FTV	F	0.03%
DTM	A	0.03%
GT	F	0.03%
ARMK	B	0.03%
CPAY	B	0.03%
HLT	B	0.03%
PENN	B	0.03%
IR	C	0.03%
BAH	A	0.03%
COHR	B	0.03%
CZR	C	0.03%
RVTY	B	0.03%
TWLO	A	0.03%
PBF	F	0.03%
DKS	F	0.03%
ANET	A	0.03%
MMS	C	0.02%
CHRD	F	0.02%
BWXT	B	0.02%
ESAB	A	0.02%
VAC	C	0.02%
HE	F	0.02%
BCO	C	0.02%
ALGN	F	0.02%
GATX	A	0.02%
BLD	F	0.02%
HUBG	C	0.02%
RXO	B	0.02%
AOS	F	0.02%
HLF	D	0.02%
HCC	A	0.02%
RH	A	0.02%
OI	F	0.02%
APLE	B	0.02%
GMS	A	0.02%
ARES	B	0.02%
CRL	F	0.02%
PCH	D	0.02%
FULT	C	0.02%
IAC	F	0.02%
KNF	B	0.02%
SIG	D	0.02%
OUT	B	0.02%
LITE	B	0.02%
LW	C	0.02%
MKSI	F	0.02%
RGLD	B	0.02%
ASGN	F	0.02%
SFNC	B	0.02%
LSTR	F	0.02%
RUSHA	A	0.02%
GRAB	B	0.02%
WAT	A	0.02%
RIVN	F	0.02%
WYNN	B	0.02%
NDSN	F	0.02%
TXRH	B	0.02%
ABCB	C	0.02%
RUN	C	0.02%
ADNT	F	0.02%
LNW	D	0.02%
CC	C	0.02%
CDP	A	0.02%
NJR	D	0.02%
POOL	D	0.02%
AVA	D	0.02%
JKHY	A	0.02%
HOMB	C	0.02%
NVST	A	0.02%
PAG	F	0.02%
VMI	A	0.02%
DPZ	C	0.02%
PHIN	C	0.02%
DY	D	0.02%
SEM	B	0.02%
UMBF	A	0.02%
FHB	A	0.02%
SLGN	A	0.02%
BTU	A	0.02%
NAVI	F	0.02%
PLXS	A	0.02%
ALE	A	0.02%
WKC	D	0.02%
DCI	A	0.02%
NWE	D	0.02%
G	C	0.02%
GDDY	A	0.02%
CHKP	F	0.02%
HRI	B	0.02%
ITT	C	0.02%
ESNT	F	0.02%
PNM	B	0.02%
DECK	A	0.02%
TYL	B	0.02%
UNFI	B	0.02%
TRN	C	0.02%
AVNT	D	0.02%
LYV	A	0.02%
SRCL	A	0.02%
COLB	B	0.02%
MTD	C	0.02%
TFX	F	0.02%
SR	D	0.02%
VRT	B	0.02%
CR	B	0.02%
PRI	B	0.02%
GEO	B	0.02%
CW	A	0.02%
JAZZ	D	0.02%
PII	F	0.02%
MHO	C	0.02%
TCBI	B	0.02%
SM	F	0.02%
SMG	A	0.02%
ST	F	0.02%
GME	B	0.02%
MIDD	F	0.02%
VSCO	A	0.02%
CBSH	A	0.02%
SLVM	A	0.02%
LULU	C	0.02%
COIN	C	0.02%
EXEL	A	0.02%
TNL	A	0.02%
SOFI	A	0.02%
FL	D	0.02%
UHAL	B	0.02%
COLD	F	0.02%
IDA	A	0.02%
ELS	D	0.02%
XPO	A	0.02%
MELI	B	0.02%
ATR	A	0.02%
SLM	C	0.02%
HWC	B	0.02%
HOG	F	0.02%
UFPI	D	0.02%
RHI	C	0.02%
OZK	B	0.02%
SEE	B	0.02%
MSCI	A	0.02%
ASB	A	0.02%
PRGO	F	0.02%
KBR	B	0.02%
INCY	A	0.02%
IT	C	0.02%
GBCI	A	0.02%
LPX	C	0.02%
CDNS	A	0.02%
POST	D	0.02%
MUR	F	0.02%
TER	F	0.02%
PVH	C	0.02%
CADE	B	0.02%
MAT	A	0.02%
UBSI	C	0.02%
CIEN	B	0.02%
SBAC	D	0.02%
SCCO	B	0.02%
ONB	B	0.02%
BCC	D	0.02%
EVR	B	0.02%
SAIC	A	0.02%
ANSS	B	0.02%
NSIT	F	0.02%
FFIV	A	0.02%
CAR	C	0.02%
BBWI	D	0.02%
MLI	A	0.02%
MTG	D	0.02%
BXMT	C	0.02%
VLTO	D	0.02%
CWK	B	0.02%
CLH	C	0.02%
FTI	B	0.02%
ABM	A	0.02%
DEI	B	0.02%
TGNA	B	0.02%
CSGP	D	0.02%
RDN	D	0.02%
SSB	C	0.02%
TPH	D	0.02%
BIO	A	0.02%
KBH	C	0.02%
SKX	D	0.02%
ELAN	D	0.02%
DASH	A	0.02%
MAC	A	0.02%
GNW	D	0.02%
CFR	B	0.02%
EHC	A	0.02%
CMC	B	0.02%
ULTA	C	0.02%
PK	D	0.02%
POR	C	0.02%
RIG	C	0.02%
SCI	A	0.02%
NUS	F	0.01%
HELE	C	0.01%
FIVE	C	0.01%
ZG	C	0.01%
HEI	D	0.01%
CNXC	F	0.01%
AMR	F	0.01%
OPCH	F	0.01%
DXCM	D	0.01%
SNOW	D	0.01%
ARCB	F	0.01%
OPEN	F	0.01%
XP	F	0.01%
STNE	D	0.01%
HEI	D	0.01%
UA	B	0.01%
UAA	B	0.01%
WSC	F	0.01%
CLVT	F	0.01%
MLKN	F	0.01%
VSAT	F	0.01%
AMN	F	0.01%
LGIH	D	0.01%
IGT	F	0.01%
ATKR	D	0.01%
CPRI	F	0.01%
RLJ	F	0.01%
GTN	B	0.01%
JELD	F	0.01%
HTZ	F	0.01%
CRI	F	0.01%
NWS	A	0.01%
VSTS	F	0.01%
CABO	C	0.01%
CBRL	C	0.01%
DIOD	F	0.01%
ODP	C	0.01%
NSP	F	0.01%
BGS	C	0.01%
URBN	D	0.01%
AMKR	F	0.01%
TROX	F	0.01%
BXC	A	0.01%
ENOV	C	0.01%
AXL	F	0.01%
EGP	F	0.01%
CRC	A	0.01%
ARI	D	0.01%
GTLS	A	0.01%
OMI	F	0.01%
PINC	B	0.01%
UVV	B	0.01%
SITE	C	0.01%
CSTM	F	0.01%
PDCO	F	0.01%
DRH	D	0.01%
EPAM	F	0.01%
ACHC	F	0.01%
DAN	F	0.01%
SAIA	A	0.01%
CGNX	C	0.01%
TPX	F	0.01%
ANDE	F	0.01%
EEFT	C	0.01%
WEX	F	0.01%
TEX	F	0.01%
CCS	D	0.01%
VSH	F	0.01%
APAM	A	0.01%
BYD	A	0.01%
PMT	D	0.01%
OKTA	D	0.01%
BMRN	F	0.01%
LFUS	F	0.01%
FND	D	0.01%
FUL	F	0.01%
W	F	0.01%
UCB	D	0.01%
PFSI	D	0.01%
ASO	D	0.01%
CXW	D	0.01%
LECO	C	0.01%
MTDR	C	0.01%
ALIT	F	0.01%
GEF	B	0.01%
ENTG	F	0.01%
SPB	C	0.01%
UNIT	A	0.01%
FR	D	0.01%
PPBI	C	0.01%
PECO	A	0.01%
PTC	A	0.01%
ARCH	C	0.01%
WH	A	0.01%
RLI	A	0.01%
ATI	F	0.01%
AUB	D	0.01%
SIGI	D	0.01%
RRC	C	0.01%
IDXX	F	0.01%
ASH	F	0.01%
CIVI	F	0.01%
BOKF	C	0.01%
XRX	F	0.01%
LCII	D	0.01%
VYX	D	0.01%
THS	D	0.01%
FIBK	C	0.01%
ENS	F	0.01%
NOMD	D	0.01%
FFBC	B	0.01%
TTMI	A	0.01%
WERN	B	0.01%
INDB	B	0.01%
ESI	A	0.01%
SBH	B	0.01%
AEO	F	0.01%
FCN	F	0.01%
Z	C	0.01%
ABNB	B	0.01%
WDAY	D	0.01%
DK	F	0.01%
ABR	B	0.01%
JBGS	D	0.01%
MC	D	0.01%
WST	C	0.01%
SEIC	A	0.01%
AM	D	0.01%
APG	B	0.01%
GNTX	C	0.01%
AIT	A	0.01%
MTN	F	0.01%
VEEV	C	0.01%
IRT	D	0.01%
TTC	F	0.01%
WWD	C	0.01%
FDS	A	0.01%
CATY	B	0.01%
GGG	D	0.01%
MTCH	D	0.01%
CNM	D	0.01%
GHC	A	0.01%
REZI	C	0.01%
MSM	D	0.01%
STAG	F	0.01%
UHAL	B	0.0%
SEDG	F	0.0%
LBRDA	A	0.0%
SMCI	F	0.0%
PARR	F	0.0%

PRF Underweight 55 Positions Relative to BIV

Symbol	Grade	Weight
WIT	C	-0.35%
DT	A	-0.11%
KOF	F	-0.03%
BMO	B	-0.03%
BABA	B	-0.03%
ARCC	B	-0.02%
TEL	A	-0.02%
VRSN	F	-0.02%
GSK	F	-0.02%
MPLX	A	-0.02%
ET	A	-0.02%
NWG	A	-0.02%
VOD	D	-0.02%
MUFG	A	-0.02%
SKT	B	-0.01%
SAVE	D	-0.01%
GBDC	D	-0.01%
TME	D	-0.01%
EPRT	D	-0.01%
PSEC	D	-0.01%
OCSL	F	-0.01%
MCY	B	-0.01%
PDM	B	-0.01%
MP	B	-0.01%
FSK	B	-0.01%
OPI	F	-0.01%
WB	B	-0.01%
SITC	F	-0.01%
SCS	F	-0.01%
SAFE	F	-0.01%
AAT	B	-0.01%
GP	F	-0.01%
HR	D	-0.01%
JD	B	-0.01%
PRE	D	-0.01%
NHI	D	-0.01%
NEU	F	-0.01%
BNS	A	-0.01%
AMCR	D	-0.01%
CP	D	-0.01%
TD	F	-0.01%
DSS	C	-0.01%
LAZ	A	-0.01%
BIDU	F	-0.01%
H	D	-0.01%
CNA	D	-0.01%
AZN	F	-0.01%
BLK	A	-0.01%
EQNR	F	-0.01%
PAA	C	-0.01%
WEST	D	-0.01%
EPD	A	-0.01%
DB	A	-0.01%
DELL	A	-0.01%
HSBC	A	-0.01%