PRF vs. GSLC ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

$38.05

Average Daily Volume

396,012

Number of Holdings ^*

981

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$107.58

Average Daily Volume

222,634

Number of Holdings ^*

440

* may have additional holdings in another (foreign) market

Performance

Period	PRF	GSLC
30 Days	0.17%	4.03%
60 Days	2.59%	7.01%
90 Days	0.30%	4.81%
12 Months	18.05%	24.81%

417 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in GSLC	Overlap
A	D	0.04%	0.08%	0.04%
AAPL	A	2.35%	6.1%	2.35%
ABBV	B	0.63%	0.56%	0.56%
ABT	D	0.32%	0.23%	0.23%
ACGL	B	0.08%	0.17%	0.08%
ACN	C	0.23%	0.54%	0.23%
ADBE	B	0.12%	0.56%	0.12%
ADI	B	0.2%	0.16%	0.16%
ADM	C	0.27%	0.16%	0.16%
ADP	D	0.12%	0.06%	0.06%
ADSK	B	0.02%	0.19%	0.02%
AEE	D	0.08%	0.02%	0.02%
AEP	C	0.21%	0.02%	0.02%
AFL	B	0.18%	0.14%	0.14%
AIG	C	0.33%	0.25%	0.25%
AJG	A	0.06%	0.19%	0.06%
AKAM	F	0.03%	0.11%	0.03%
ALGN	F	0.02%	0.06%	0.02%
ALL	D	0.18%	0.07%	0.07%
AMAT	B	0.17%	0.53%	0.17%
AMD	B	0.19%	0.36%	0.19%
AME	D	0.04%	0.16%	0.04%
AMGN	B	0.37%	0.33%	0.33%
AMP	B	0.08%	0.26%	0.08%
AMZN	A	1.74%	3.15%	1.74%
ANET	A	0.03%	0.21%	0.03%
ANSS	C	0.02%	0.02%	0.02%
AON	C	0.06%	0.05%	0.05%
APA	D	0.05%	0.03%	0.03%
APH	B	0.08%	0.23%	0.08%
APO	A	0.04%	0.2%	0.04%
ARE	C	0.07%	0.04%	0.04%
ARES	C	0.01%	0.07%	0.01%
ATO	B	0.05%	0.08%	0.05%
AVB	B	0.08%	0.05%	0.05%
AVGO	B	0.51%	1.16%	0.51%
AVTR	D	0.04%	0.05%	0.04%
AVY	D	0.04%	0.11%	0.04%
AXP	C	0.26%	0.21%	0.21%
AZO	C	0.07%	0.28%	0.07%
BA	C	0.16%	0.02%	0.02%
BAC	A	1.28%	0.36%	0.36%
BAH	B	0.03%	0.11%	0.03%
BBY	B	0.14%	0.22%	0.14%
BDX	F	0.14%	0.05%	0.05%
BG	B	0.13%	0.14%	0.13%
BIIB	C	0.13%	0.1%	0.1%
BK	A	0.22%	0.25%	0.22%
BKNG	B	0.09%	0.41%	0.09%
BKR	B	0.1%	0.03%	0.03%
BLDR	F	0.05%	0.38%	0.05%
BLK	B	0.27%	0.1%	0.1%
BMY	F	0.33%	0.2%	0.2%
BR	B	0.03%	0.13%	0.03%
BRK.A	C	2.25%	1.0%	1.0%
BRO	B	0.02%	0.12%	0.02%
BSX	B	0.11%	0.2%	0.11%
BX	B	0.1%	0.05%	0.05%
C	B	1.12%	0.28%	0.28%
CAG	D	0.08%	0.15%	0.08%
CAH	D	0.26%	0.15%	0.15%
CARR	C	0.1%	0.12%	0.1%
CAT	D	0.31%	0.19%	0.19%
CB	C	0.3%	0.17%	0.17%
CBOE	D	0.02%	0.12%	0.02%
CBRE	C	0.09%	0.06%	0.06%
CCL	B	0.06%	0.14%	0.06%
CDNS	B	0.02%	0.42%	0.02%
CDW	D	0.05%	0.14%	0.05%
CE	D	0.04%	0.06%	0.04%
CEG	C	0.14%	0.18%	0.14%
CF	D	0.06%	0.07%	0.06%
CFG	B	0.13%	0.08%	0.08%
CHD	D	0.04%	0.11%	0.04%
CHTR	C	0.2%	0.12%	0.12%
CI	D	0.42%	0.34%	0.34%
CINF	B	0.07%	0.07%	0.07%
CL	B	0.15%	0.34%	0.15%
CLX	D	0.04%	0.12%	0.04%
CMCSA	F	0.75%	0.36%	0.36%
CME	D	0.14%	0.11%	0.11%
CMG	C	0.04%	0.13%	0.04%
CMI	D	0.13%	0.09%	0.09%
CMS	D	0.07%	0.04%	0.04%
CNC	D	0.27%	0.25%	0.25%
CNP	B	0.08%	0.07%	0.07%
COF	C	0.34%	0.34%	0.34%
COIN	C	0.02%	0.05%	0.02%
COP	D	0.46%	0.14%	0.14%
COST	A	0.57%	0.89%	0.57%
CPAY	D	0.03%	0.06%	0.03%
CPRT	B	0.03%	0.12%	0.03%
CRM	D	0.2%	0.39%	0.2%
CSCO	C	0.56%	0.37%	0.37%
CSL	C	0.03%	0.11%	0.03%
CSX	C	0.14%	0.07%	0.07%
CTAS	B	0.05%	0.34%	0.05%
CTRA	D	0.08%	0.02%	0.02%
CTSH	C	0.09%	0.18%	0.09%
CVS	D	0.64%	0.29%	0.29%
CVX	C	1.22%	0.24%	0.24%
DAL	D	0.04%	0.12%	0.04%
DASH	D	0.02%	0.07%	0.02%
DD	B	0.18%	0.02%	0.02%
DE	F	0.23%	0.07%	0.07%
DECK	C	0.02%	0.28%	0.02%
DFS	A	0.15%	0.19%	0.15%
DG	D	0.1%	0.04%	0.04%
DGX	D	0.06%	0.12%	0.06%
DHI	D	0.11%	0.21%	0.11%
DHR	D	0.18%	0.21%	0.18%
DIS	D	0.43%	0.15%	0.15%
DLR	A	0.12%	0.02%	0.02%
DLTR	D	0.07%	0.08%	0.07%
DOV	D	0.05%	0.11%	0.05%
DOW	D	0.24%	0.11%	0.11%
DPZ	C	0.02%	0.1%	0.02%
DRI	D	0.05%	0.11%	0.05%
DTE	D	0.1%	0.03%	0.03%
DUK	D	0.4%	0.06%	0.06%
DVN	C	0.13%	0.04%	0.04%
DXCM	D	0.01%	0.04%	0.01%
EA	B	0.04%	0.22%	0.04%
EBAY	B	0.09%	0.12%	0.09%
ECL	B	0.08%	0.11%	0.08%
ED	D	0.15%	0.07%	0.07%
EG	D	0.05%	0.1%	0.05%
EIX	D	0.13%	0.03%	0.03%
EL	F	0.04%	0.07%	0.04%
ELV	B	0.41%	0.21%	0.21%
EME	D	0.04%	0.07%	0.04%
EMR	C	0.13%	0.08%	0.08%
EOG	C	0.27%	0.1%	0.1%
EPAM	D	0.01%	0.06%	0.01%
EQIX	C	0.09%	0.03%	0.03%
EQR	A	0.08%	0.05%	0.05%
EQT	D	0.04%	0.07%	0.04%
ESS	B	0.05%	0.04%	0.04%
ETN	D	0.18%	0.18%	0.18%
ETR	D	0.12%	0.04%	0.04%
EVRG	D	0.07%	0.04%	0.04%
EW	B	0.04%	0.18%	0.04%
EXC	D	0.2%	0.05%	0.05%
EXPD	B	0.05%	0.12%	0.05%
EXPE	C	0.03%	0.17%	0.03%
F	B	0.47%	0.04%	0.04%
FANG	B	0.09%	0.05%	0.05%
FAST	D	0.05%	0.34%	0.05%
FCNCA	C	0.03%	0.15%	0.03%
FDS	D	0.01%	0.1%	0.01%
FDX	A	0.34%	0.19%	0.19%
FE	D	0.11%	0.04%	0.04%
FITB	C	0.12%	0.02%	0.02%
FTNT	C	0.01%	0.22%	0.01%
FTV	D	0.03%	0.08%	0.03%
GD	C	0.2%	0.15%	0.15%
GDDY	A	0.02%	0.16%	0.02%
GE	D	0.22%	0.28%	0.22%
GEHC	D	0.08%	0.02%	0.02%
GEV	B	0.06%	0.07%	0.06%
GGG	D	0.01%	0.03%	0.01%
GILD	C	0.31%	0.18%	0.18%
GIS	D	0.14%	0.07%	0.07%
GLW	B	0.11%	0.08%	0.08%
GOOG	A	1.01%	2.0%	1.01%
GOOGL	A	1.18%	2.16%	1.18%
GPC	D	0.07%	0.12%	0.07%
GRMN	B	0.05%	0.13%	0.05%
GWW	C	0.05%	0.38%	0.05%
HAL	D	0.08%	0.02%	0.02%
HBAN	C	0.09%	0.03%	0.03%
HCA	C	0.17%	0.12%	0.12%
HD	C	0.67%	0.76%	0.67%
HIG	C	0.13%	0.19%	0.13%
HLT	A	0.03%	0.11%	0.03%
HOLX	C	0.04%	0.11%	0.04%
HON	B	0.3%	0.14%	0.14%
HPE	B	0.2%	0.36%	0.2%
HPQ	B	0.2%	0.12%	0.12%
HST	D	0.04%	0.15%	0.04%
HSY	F	0.05%	0.12%	0.05%
HUBB	D	0.03%	0.12%	0.03%
HUM	C	0.2%	0.08%	0.08%
HWM	D	0.04%	0.12%	0.04%
IBM	B	0.47%	0.38%	0.38%
ICE	A	0.11%	0.15%	0.11%
IDXX	D	0.02%	0.29%	0.02%
IEX	D	0.02%	0.09%	0.02%
INTC	D	0.6%	0.13%	0.13%
INTU	B	0.09%	0.31%	0.09%
INVH	A	0.05%	0.08%	0.05%
IP	B	0.14%	0.06%	0.06%
IPG	F	0.05%	0.05%	0.05%
IQV	D	0.06%	0.09%	0.06%
IR	D	0.03%	0.1%	0.03%
IRM	A	0.07%	0.08%	0.07%
ISRG	B	0.07%	0.15%	0.07%
IT	B	0.02%	0.22%	0.02%
ITW	D	0.12%	0.18%	0.12%
J	D	0.04%	0.07%	0.04%
JBL	F	0.05%	0.1%	0.05%
JCI	D	0.15%	0.04%	0.04%
JKHY	C	0.02%	0.09%	0.02%
JNJ	F	0.97%	0.66%	0.66%
JPM	A	1.97%	0.94%	0.94%
K	D	0.06%	0.05%	0.05%
KDP	C	0.1%	0.06%	0.06%
KEY	C	0.09%	0.03%	0.03%
KEYS	D	0.03%	0.09%	0.03%
KHC	D	0.15%	0.09%	0.09%
KKR	B	0.1%	0.09%	0.09%
KLAC	B	0.07%	0.29%	0.07%
KMB	B	0.15%	0.14%	0.14%
KMI	B	0.25%	0.17%	0.17%
KO	A	0.52%	0.29%	0.29%
KR	C	0.29%	0.42%	0.29%
L	D	0.06%	0.13%	0.06%
LDOS	B	0.06%	0.21%	0.06%
LECO	F	0.01%	0.04%	0.01%
LEN	D	0.12%	0.35%	0.12%
LEN	D	0.01%	0.35%	0.01%
LHX	B	0.11%	0.06%	0.06%
LII	B	0.02%	0.19%	0.02%
LIN	C	0.3%	0.25%	0.25%
LKQ	D	0.05%	0.23%	0.05%
LLY	A	0.27%	1.54%	0.27%
LMT	B	0.32%	0.11%	0.11%
LNG	B	0.06%	0.09%	0.06%
LNT	B	0.05%	0.07%	0.05%
LOW	D	0.3%	0.37%	0.3%
LPLA	B	0.03%	0.14%	0.03%
LRCX	B	0.11%	0.48%	0.11%
LVS	F	0.03%	0.03%	0.03%
LYB	D	0.18%	0.08%	0.08%
LYV	C	0.02%	0.03%	0.02%
MA	D	0.17%	0.72%	0.17%
MAA	B	0.05%	0.07%	0.05%
MAR	B	0.05%	0.11%	0.05%
MAS	D	0.03%	0.14%	0.03%
MCD	F	0.27%	0.25%	0.25%
MCHP	C	0.07%	0.11%	0.07%
MCK	B	0.48%	0.23%	0.23%
MCO	A	0.06%	0.28%	0.06%
MDLZ	D	0.21%	0.1%	0.1%
MDT	D	0.35%	0.07%	0.07%
MET	D	0.27%	0.02%	0.02%
META	B	0.93%	2.49%	0.93%
MKC	C	0.04%	0.02%	0.02%
MKL	C	0.08%	0.12%	0.08%
MLM	D	0.04%	0.08%	0.04%
MMC	B	0.14%	0.28%	0.14%
MMM	B	0.35%	0.07%	0.07%
MNST	F	0.03%	0.08%	0.03%
MO	A	0.47%	0.14%	0.14%
MOH	F	0.05%	0.08%	0.05%
MPC	C	0.38%	0.32%	0.32%
MRK	C	0.6%	0.61%	0.6%
MRO	B	0.08%	0.09%	0.08%
MS	B	0.46%	0.14%	0.14%
MSFT	A	2.16%	6.49%	2.16%
MSI	A	0.06%	0.25%	0.06%
MTB	B	0.12%	0.05%	0.05%
MTD	C	0.02%	0.3%	0.02%
MU	C	0.49%	0.15%	0.15%
NDAQ	C	0.03%	0.03%	0.03%
NDSN	D	0.02%	0.09%	0.02%
NEE	D	0.41%	0.07%	0.07%
NFLX	A	0.18%	0.32%	0.18%
NI	B	0.05%	0.04%	0.04%
NKE	F	0.17%	0.23%	0.17%
NOC	D	0.16%	0.04%	0.04%
NOW	B	0.03%	0.29%	0.03%
NRG	C	0.1%	0.06%	0.06%
NSC	D	0.11%	0.02%	0.02%
NTAP	A	0.07%	0.17%	0.07%
NTRS	C	0.08%	0.07%	0.07%
NUE	D	0.13%	0.13%	0.13%
NVDA	B	0.24%	5.77%	0.24%
NVR	D	0.04%	0.1%	0.04%
O	D	0.1%	0.03%	0.03%
OC	D	0.05%	0.08%	0.05%
ODFL	C	0.02%	0.05%	0.02%
OKE	A	0.15%	0.09%	0.09%
OKTA	C	0.02%	0.05%	0.02%
OMC	D	0.08%	0.08%	0.08%
ON	D	0.04%	0.1%	0.04%
ORCL	A	0.26%	0.28%	0.26%
ORLY	B	0.06%	0.33%	0.06%
OTIS	C	0.06%	0.13%	0.06%
OVV	C	0.05%	0.05%	0.05%
OXY	D	0.17%	0.05%	0.05%
PAYX	D	0.06%	0.08%	0.06%
PCAR	D	0.14%	0.14%	0.14%
PCG	D	0.1%	0.04%	0.04%
PEG	B	0.14%	0.06%	0.06%
PEP	D	0.53%	0.42%	0.42%
PFE	C	0.89%	0.1%	0.1%
PFG	D	0.1%	0.18%	0.1%
PG	C	0.78%	0.62%	0.62%
PGR	B	0.22%	0.18%	0.18%
PH	C	0.08%	0.18%	0.08%
PHM	D	0.07%	0.36%	0.07%
PKG	C	0.05%	0.07%	0.05%
PLD	C	0.16%	0.03%	0.03%
PM	A	0.58%	0.28%	0.28%
PNC	B	0.29%	0.06%	0.06%
POOL	F	0.02%	0.09%	0.02%
PPG	D	0.07%	0.08%	0.07%
PPL	D	0.12%	0.06%	0.06%
PRU	A	0.24%	0.09%	0.09%
PSA	B	0.07%	0.02%	0.02%
PSX	C	0.34%	0.21%	0.21%
PTC	B	0.01%	0.15%	0.01%
PWR	D	0.05%	0.09%	0.05%
PYPL	D	0.15%	0.04%	0.04%
QCOM	B	0.41%	0.45%	0.41%
RCL	B	0.04%	0.13%	0.04%
REGN	B	0.15%	0.31%	0.15%
RF	B	0.1%	0.03%	0.03%
RJF	C	0.05%	0.07%	0.05%
RMD	D	0.03%	0.02%	0.02%
ROP	A	0.07%	0.22%	0.07%
ROST	B	0.07%	0.11%	0.07%
RPM	D	0.03%	0.1%	0.03%
RS	D	0.05%	0.12%	0.05%
RSG	A	0.06%	0.2%	0.06%
RTX	D	0.44%	0.15%	0.15%
SAIA	B	0.01%	0.03%	0.01%
SBUX	F	0.15%	0.05%	0.05%
SCHW	C	0.18%	0.07%	0.07%
SHW	D	0.08%	0.21%	0.08%
SJM	D	0.05%	0.07%	0.05%
SMCI	C	0.01%	0.15%	0.01%
SNA	D	0.04%	0.08%	0.04%
SNPS	B	0.04%	0.3%	0.04%
SO	B	0.36%	0.07%	0.07%
SPG	B	0.11%	0.05%	0.05%
SPGI	A	0.16%	0.11%	0.11%
SRE	B	0.18%	0.06%	0.06%
SSNC	B	0.03%	0.21%	0.03%
STE	C	0.03%	0.05%	0.03%
STLD	C	0.07%	0.14%	0.07%
STT	C	0.13%	0.18%	0.13%
STX	B	0.08%	0.06%	0.06%
STZ	B	0.08%	0.09%	0.08%
SUI	C	0.04%	0.07%	0.04%
SWK	D	0.07%	0.19%	0.07%
SWKS	B	0.05%	0.2%	0.05%
SYF	A	0.17%	0.35%	0.17%
SYK	C	0.12%	0.15%	0.12%
SYY	D	0.14%	0.19%	0.14%
T	B	1.09%	0.26%	0.26%
TDG	C	0.08%	0.14%	0.08%
TDY	D	0.04%	0.1%	0.04%
TER	A	0.03%	0.16%	0.03%
TGT	D	0.31%	0.18%	0.18%
TJX	A	0.19%	0.38%	0.19%
TMO	D	0.25%	0.25%	0.25%
TMUS	A	0.27%	0.19%	0.19%
TRGP	A	0.08%	0.08%	0.08%
TRMB	C	0.02%	0.04%	0.02%
TROW	B	0.1%	0.04%	0.04%
TRV	D	0.21%	0.1%	0.1%
TSCO	D	0.05%	0.23%	0.05%
TSLA	B	0.25%	0.53%	0.25%
TSN	C	0.15%	0.08%	0.08%
TT	B	0.09%	0.14%	0.09%
TTWO	B	0.04%	0.07%	0.04%
TXN	B	0.35%	0.28%	0.28%
TXT	D	0.05%	0.19%	0.05%
TYL	B	0.02%	0.05%	0.02%
UBER	B	0.05%	0.15%	0.05%
ULTA	C	0.03%	0.21%	0.03%
UNH	C	0.95%	0.77%	0.77%
UNP	D	0.26%	0.06%	0.06%
UPS	F	0.37%	0.02%	0.02%
URI	C	0.09%	0.06%	0.06%
USB	C	0.33%	0.04%	0.04%
V	D	0.24%	0.71%	0.24%
VICI	D	0.07%	0.1%	0.07%
VLO	C	0.4%	0.3%	0.3%
VLTO	C	0.02%	0.07%	0.02%
VMC	D	0.04%	0.1%	0.04%
VRSK	A	0.03%	0.13%	0.03%
VRT	D	0.02%	0.12%	0.02%
VRTX	B	0.09%	0.29%	0.09%
VST	C	0.1%	0.1%	0.1%
VTR	A	0.1%	0.03%	0.03%
VTRS	D	0.08%	0.38%	0.08%
VZ	B	1.31%	0.2%	0.2%
WAB	D	0.05%	0.21%	0.05%
WAT	D	0.02%	0.09%	0.02%
WBD	F	0.13%	0.24%	0.13%
WDAY	D	0.01%	0.05%	0.01%
WDC	B	0.13%	0.07%	0.07%
WEC	D	0.1%	0.04%	0.04%
WELL	A	0.13%	0.04%	0.04%
WFC	C	1.1%	0.27%	0.27%
WM	B	0.13%	0.18%	0.13%
WMB	B	0.2%	0.16%	0.16%
WMT	A	1.02%	0.84%	0.84%
WPC	D	0.04%	0.02%	0.02%
WRB	B	0.04%	0.09%	0.04%
WSM	D	0.04%	0.09%	0.04%
WSO	B	0.03%	0.08%	0.03%
WST	F	0.02%	0.04%	0.02%
WTW	B	0.07%	0.03%	0.03%
WY	F	0.09%	0.04%	0.04%
XEL	D	0.12%	0.02%	0.02%
XOM	C	2.32%	0.79%	0.79%
XPO	C	0.02%	0.04%	0.02%
XYL	D	0.03%	0.09%	0.03%
YUM	D	0.05%	0.25%	0.05%
ZBH	F	0.05%	0.06%	0.05%
ZBRA	C	0.03%	0.02%	0.02%
ZM	F	0.02%	0.13%	0.02%
ZTS	C	0.06%	0.15%	0.06%

PRF Overweight 564 Positions Relative to GSLC

Symbol	Grade	Weight
GM	B	0.69%
GS	A	0.66%
TFC	C	0.31%
D	D	0.25%
WBA	F	0.22%
FCX	D	0.18%
NEM	B	0.18%
SLB	C	0.16%
AMT	B	0.16%
APD	D	0.15%
FIS	B	0.14%
MRNA	D	0.14%
PARA	D	0.12%
CCI	D	0.12%
ZIM	B	0.12%
ES	D	0.11%
THC	B	0.11%
AER	B	0.1%
ALLY	B	0.1%
CTVA	D	0.1%
TEL	B	0.1%
WRK	D	0.1%
NXPI	B	0.1%
ARW	D	0.09%
IFF	B	0.09%
AES	D	0.08%
USFD	C	0.08%
AA	B	0.08%
KMX	B	0.08%
ACI	F	0.08%
PFGC	D	0.07%
EMN	D	0.07%
CHRW	B	0.07%
FLEX	D	0.07%
DOC	B	0.07%
M	D	0.07%
MOS	F	0.07%
JXN	B	0.07%
CNH	F	0.06%
BJ	B	0.06%
FNF	C	0.06%
BAX	F	0.06%
PBF	D	0.06%
SQ	D	0.06%
GPN	D	0.06%
AWK	C	0.06%
RGA	B	0.06%
CRBG	B	0.06%
WHR	C	0.06%
HES	C	0.06%
UNM	C	0.06%
LNC	B	0.06%
TAP	F	0.05%
MHK	D	0.05%
WCC	D	0.05%
BAP	D	0.05%
GT	F	0.05%
OGN	C	0.05%
JEF	A	0.05%
UGI	D	0.05%
ROK	D	0.05%
LEA	F	0.05%
DINO	D	0.05%
UHS	B	0.05%
BALL	D	0.05%
MGM	C	0.05%
CHK	D	0.05%
FYBR	B	0.05%
OMF	C	0.05%
VFC	D	0.05%
IVZ	C	0.05%
AN	C	0.05%
AR	C	0.05%
EQH	A	0.05%
ORI	C	0.05%
BXP	B	0.05%
AFG	D	0.05%
R	B	0.05%
BWA	F	0.05%
SWN	D	0.05%
MPW	F	0.05%
JLL	B	0.05%
KD	B	0.05%
MRVL	B	0.05%
PNW	C	0.05%
APTV	F	0.05%
X	C	0.05%
KSS	F	0.05%
AIZ	D	0.04%
HSIC	D	0.04%
UAL	D	0.04%
REG	B	0.04%
ABG	D	0.04%
ELAN	D	0.04%
CPT	A	0.04%
ZION	C	0.04%
FAF	D	0.04%
FMC	F	0.04%
HRL	D	0.04%
UDR	B	0.04%
CCK	D	0.04%
CLF	D	0.04%
CPB	B	0.04%
AVT	D	0.04%
TDS	B	0.04%
DVA	C	0.04%
VNO	B	0.04%
OGE	C	0.04%
MTZ	C	0.04%
EXR	B	0.04%
HAS	D	0.04%
FSLR	C	0.04%
BEN	F	0.04%
STWD	C	0.04%
KIM	B	0.04%
LAD	D	0.04%
TOL	D	0.04%
DKS	C	0.04%
CASY	B	0.04%
BERY	D	0.04%
ACM	D	0.04%
ICLR	B	0.04%
CMA	C	0.04%
FHN	B	0.04%
DXC	C	0.04%
SNX	D	0.04%
FOXA	A	0.04%
SOLV	F	0.04%
CCEP	C	0.04%
CG	D	0.03%
JBHT	F	0.03%
DAR	D	0.03%
FNB	C	0.03%
SCI	C	0.03%
NYCB	D	0.03%
PVH	F	0.03%
CMC	D	0.03%
NXST	C	0.03%
RRX	F	0.03%
SON	F	0.03%
BRX	B	0.03%
MDU	C	0.03%
HLF	C	0.03%
COHR	B	0.03%
NOV	C	0.03%
HOOD	B	0.03%
THO	D	0.03%
SWX	D	0.03%
CPNG	D	0.03%
JHG	A	0.03%
SF	B	0.03%
DTM	B	0.03%
COOP	D	0.03%
FLR	B	0.03%
ETRN	D	0.03%
SANM	B	0.03%
BECN	D	0.03%
AGNC	A	0.03%
PK	C	0.03%
WBS	C	0.03%
AXS	B	0.03%
OSK	D	0.03%
OHI	A	0.03%
LAMR	A	0.03%
CTLT	B	0.03%
SNV	A	0.03%
BPOP	C	0.03%
WTRG	D	0.03%
TPR	C	0.03%
TWLO	D	0.03%
GLPI	C	0.03%
SKX	C	0.03%
JWN	B	0.03%
MUR	D	0.03%
EFX	B	0.03%
HUN	D	0.03%
CAR	F	0.03%
AL	D	0.03%
MTH	D	0.03%
ARMK	B	0.03%
NWSA	A	0.03%
KNX	C	0.03%
HBI	C	0.03%
PENN	C	0.03%
NWL	F	0.03%
ALV	D	0.03%
MAN	D	0.03%
BURL	B	0.03%
CACI	B	0.03%
QRVO	B	0.03%
AGCO	F	0.03%
OLN	F	0.03%
VOYA	D	0.03%
GPS	C	0.03%
GPK	D	0.03%
INGR	D	0.03%
EWBC	C	0.03%
SLG	B	0.03%
SFM	A	0.03%
JNPR	B	0.03%
CZR	C	0.03%
TMHC	D	0.03%
HII	D	0.03%
BBWI	F	0.03%
MUSA	B	0.03%
GPI	D	0.03%
UTHR	B	0.03%
RIG	F	0.03%
ALB	F	0.03%
WU	C	0.03%
AAP	F	0.03%
TNL	D	0.02%
ILMN	F	0.02%
LPX	D	0.02%
SEM	A	0.02%
SAIC	D	0.02%
VLY	D	0.02%
FLS	D	0.02%
UBSI	C	0.02%
JAZZ	F	0.02%
IDA	D	0.02%
MSCI	C	0.02%
AGR	D	0.02%
CRL	F	0.02%
CIVI	C	0.02%
OZK	D	0.02%
PNFP	C	0.02%
LNW	B	0.02%
UFPI	D	0.02%
SBRA	A	0.02%
ELS	C	0.02%
SBAC	F	0.02%
CUZ	C	0.02%
SLM	C	0.02%
MAC	D	0.02%
HIW	B	0.02%
CNX	C	0.02%
MTG	B	0.02%
ONB	B	0.02%
RHI	F	0.02%
CSTM	D	0.02%
TGNA	D	0.02%
AMG	C	0.02%
RNR	D	0.02%
BCC	F	0.02%
WTFC	C	0.02%
ADNT	F	0.02%
COLD	C	0.02%
KBR	D	0.02%
LULU	F	0.02%
CUBE	B	0.02%
CHRD	C	0.02%
CNO	B	0.02%
BIO	F	0.02%
NVT	D	0.02%
GL	C	0.02%
XRX	F	0.02%
POST	C	0.02%
RDN	B	0.02%
EHC	B	0.02%
GME	C	0.02%
GNRC	C	0.02%
BKH	C	0.02%
MKSI	B	0.02%
SEE	F	0.02%
ST	D	0.02%
KEX	B	0.02%
PII	F	0.02%
KBH	C	0.02%
FOX	A	0.02%
CC	F	0.02%
NNN	B	0.02%
AIRC	A	0.02%
DK	D	0.02%
PNR	D	0.02%
GNW	D	0.02%
TPH	D	0.02%
SCCO	C	0.02%
KRC	D	0.02%
HOG	F	0.02%
PRGO	F	0.02%
ABM	B	0.02%
GXO	D	0.02%
NSIT	B	0.02%
SM	D	0.02%
POR	D	0.02%
BXMT	C	0.02%
PB	C	0.02%
NFG	C	0.02%
FRT	C	0.02%
TRU	C	0.02%
BHF	D	0.02%
CLH	B	0.02%
WAL	B	0.02%
FL	D	0.02%
FTI	C	0.02%
AXTA	D	0.02%
HRB	A	0.02%
AMH	A	0.02%
SPOT	B	0.02%
RIVN	C	0.02%
CSGP	D	0.02%
DOX	D	0.02%
FHB	C	0.02%
ASH	D	0.02%
HE	F	0.02%
FULT	C	0.02%
ESGR	A	0.02%
VNT	D	0.02%
W	D	0.02%
ADC	B	0.02%
ACHC	F	0.02%
MSM	D	0.02%
GBCI	C	0.02%
REZI	D	0.02%
HOMB	C	0.02%
AMKR	B	0.02%
IAC	F	0.02%
AYI	C	0.02%
WYNN	D	0.02%
SLGN	D	0.02%
NVST	F	0.02%
FCN	C	0.02%
GATX	B	0.02%
PCH	F	0.02%
TXRH	B	0.02%
SMG	D	0.02%
CPRI	D	0.02%
ASGN	D	0.02%
APLE	D	0.02%
BKU	B	0.02%
TCBI	C	0.02%
G	D	0.02%
MMS	B	0.02%
RUN	D	0.02%
MHO	D	0.02%
VMI	B	0.02%
OI	F	0.02%
CW	B	0.02%
ABNB	C	0.02%
PHIN	D	0.02%
SIG	D	0.02%
BCO	B	0.02%
BMRN	C	0.02%
AVA	D	0.02%
EPR	C	0.02%
TRN	C	0.02%
MLI	C	0.02%
HUBG	B	0.02%
MTN	F	0.02%
GNTX	C	0.02%
CBT	D	0.02%
NJR	C	0.02%
PNM	D	0.02%
ENTG	B	0.02%
BTU	C	0.02%
AGO	B	0.02%
VAC	F	0.02%
WWD	C	0.02%
HCC	C	0.02%
SLVM	C	0.02%
ITT	D	0.02%
REXR	C	0.02%
APG	C	0.02%
GEO	C	0.02%
CNM	D	0.02%
FFIV	C	0.02%
TFX	C	0.02%
RL	C	0.02%
PRI	B	0.02%
NWE	D	0.02%
WLK	D	0.02%
CIEN	F	0.02%
AVNT	D	0.02%
TTC	B	0.02%
DAN	F	0.02%
LBRDK	C	0.02%
CHKP	A	0.02%
NAVI	D	0.02%
HP	D	0.02%
TKR	D	0.02%
EVR	A	0.02%
LUV	C	0.02%
ESNT	B	0.02%
PAG	D	0.02%
DY	B	0.02%
BLD	D	0.02%
CBSH	C	0.02%
OGS	C	0.02%
AOS	D	0.02%
LSTR	B	0.02%
DEI	C	0.02%
MIDD	F	0.02%
CR	C	0.02%
CFR	C	0.02%
DCI	D	0.02%
MELI	C	0.02%
ALE	C	0.02%
SSB	C	0.02%
CWK	D	0.02%
KMPR	C	0.02%
UHAL	D	0.02%
BC	F	0.02%
SRCL	B	0.02%
SR	C	0.02%
MAT	F	0.02%
RPRX	F	0.02%
LW	F	0.02%
CADE	C	0.02%
ALSN	C	0.02%
ASB	C	0.02%
ATR	D	0.02%
FLO	D	0.02%
THG	C	0.02%
HWC	C	0.02%
INCY	B	0.02%
HEI	B	0.01%
UNIT	F	0.01%
FIVE	F	0.01%
UAA	F	0.01%
UA	D	0.01%
PARR	D	0.01%
CLVT	F	0.01%
GTN	D	0.01%
HEI	B	0.01%
LGIH	F	0.01%
CBRL	F	0.01%
ARCB	D	0.01%
OPEN	F	0.01%
BXC	F	0.01%
XP	F	0.01%
VSTS	F	0.01%
CNXC	C	0.01%
JELD	F	0.01%
HELE	F	0.01%
WSC	F	0.01%
SNOW	D	0.01%
IGT	D	0.01%
STNE	F	0.01%
NUS	F	0.01%
OPCH	D	0.01%
BGS	F	0.01%
NWS	A	0.01%
SITE	F	0.01%
BYD	F	0.01%
AMR	C	0.01%
RLJ	D	0.01%
MLKN	C	0.01%
INDB	D	0.01%
PINC	F	0.01%
EGP	B	0.01%
CABO	F	0.01%
DRH	D	0.01%
CRC	B	0.01%
CCS	D	0.01%
UVV	D	0.01%
CRI	F	0.01%
CXW	D	0.01%
HTZ	F	0.01%
UCBI	C	0.01%
KMT	D	0.01%
WH	C	0.01%
PPBI	C	0.01%
APAM	D	0.01%
Z	C	0.01%
VSAT	F	0.01%
AUB	C	0.01%
SBH	C	0.01%
PECO	C	0.01%
ENOV	F	0.01%
HPP	D	0.01%
RH	D	0.01%
TPX	C	0.01%
DIOD	C	0.01%
BOKF	C	0.01%
NSP	F	0.01%
MC	A	0.01%
FR	C	0.01%
LXP	B	0.01%
FFBC	C	0.01%
FIBK	C	0.01%
PFSI	B	0.01%
RYN	D	0.01%
KNF	D	0.01%
RLI	C	0.01%
SOFI	F	0.01%
HRI	D	0.01%
SFNC	C	0.01%
CATY	C	0.01%
GEF	F	0.01%
SPB	D	0.01%
LCII	F	0.01%
URBN	B	0.01%
JBGS	B	0.01%
ESAB	D	0.01%
SEIC	D	0.01%
ARI	D	0.01%
WEX	D	0.01%
BWXT	B	0.01%
AIT	B	0.01%
UNFI	C	0.01%
AMN	F	0.01%
OMI	F	0.01%
PMT	C	0.01%
RUSHA	D	0.01%
TEX	D	0.01%
GTLS	D	0.01%
LITE	B	0.01%
OUT	C	0.01%
COLB	C	0.01%
ODP	D	0.01%
MTCH	F	0.01%
BDN	C	0.01%
PDCO	F	0.01%
AXL	F	0.01%
VSCO	F	0.01%
FUL	D	0.01%
LFUS	C	0.01%
PLXS	C	0.01%
ANDE	D	0.01%
ASO	F	0.01%
GHC	D	0.01%
VEEV	D	0.01%
EEFT	D	0.01%
UMBF	C	0.01%
NOMD	D	0.01%
ABCB	B	0.01%
FND	F	0.01%
SIGI	F	0.01%
WERN	D	0.01%
TROX	D	0.01%
ALIT	F	0.01%
ABR	B	0.01%
ESI	B	0.01%
CGNX	B	0.01%
TTMI	B	0.01%
ARCH	C	0.01%
THS	C	0.01%
ATI	C	0.01%
AAL	F	0.01%
IRT	A	0.01%
RGLD	C	0.01%
RXO	B	0.01%
ATKR	F	0.01%
VSH	F	0.01%
LEG	F	0.01%
GMS	D	0.01%
EXEL	B	0.01%
AM	B	0.01%
ENS	B	0.01%
XRAY	F	0.01%
RRC	C	0.01%
STAG	B	0.01%
GRAB	D	0.01%
AEO	F	0.01%
MTDR	C	0.01%
KRG	B	0.01%
ALLE	D	0.01%
LUMN	D	0.01%
UHAL	D	0.0%
LBRDA	C	0.0%
SEDG	F	0.0%
BIG	F	0.0%
ZG	C	0.0%

PRF Underweight 24 Positions Relative to GSLC

Symbol	Grade	Weight
FICO	A	-0.34%
PINS	B	-0.26%
MANH	B	-0.25%
VRSN	C	-0.25%
PANW	B	-0.22%
HUBS	C	-0.16%
TEAM	C	-0.16%
CRWD	B	-0.14%
PSTG	B	-0.14%
DELL	B	-0.14%
NTNX	C	-0.1%
KVUE	F	-0.09%
MPWR	B	-0.08%
PODD	C	-0.08%
MSTR	D	-0.06%
AXON	C	-0.05%
ZS	B	-0.04%
DDOG	B	-0.04%
PLTR	B	-0.03%
ALNY	B	-0.03%
DKNG	F	-0.03%
ENPH	F	-0.02%
TTD	A	-0.02%
MDB	D	-0.01%