PRF vs. NXTI ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Simplify Next Intangible Core Index ETF (NXTI)

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

$42.44

Average Daily Volume

209,512

Number of Holdings ^*

982

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	PRF	NXTI
30 Days	4.02%	5.73%
60 Days	5.08%	7.47%
90 Days	6.89%	10.93%
12 Months	30.29%

138 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in NXTI	Overlap
A	D	0.04%	0.26%	0.04%
ABNB	C	0.01%	0.58%	0.01%
ACGL	D	0.07%	0.14%	0.07%
ACI	C	0.07%	0.1%	0.07%
ADBE	C	0.11%	2.94%	0.11%
ADSK	A	0.02%	0.72%	0.02%
AFL	B	0.2%	0.24%	0.2%
AIG	B	0.31%	0.2%	0.2%
AJG	B	0.07%	0.25%	0.07%
ALGN	D	0.02%	0.47%	0.02%
ALL	A	0.2%	0.19%	0.19%
AMAT	F	0.12%	0.74%	0.12%
AMP	A	0.1%	0.22%	0.1%
APTV	D	0.04%	0.1%	0.04%
AVY	D	0.03%	0.12%	0.03%
AXP	A	0.29%	0.77%	0.29%
BAH	F	0.03%	0.15%	0.03%
BBY	D	0.14%	0.18%	0.14%
BKNG	A	0.1%	0.88%	0.1%
BKR	B	0.12%	0.25%	0.12%
BRK.A	B	2.34%	4.18%	2.34%
BRO	B	0.03%	0.12%	0.03%
BURL	A	0.03%	0.14%	0.03%
BX	A	0.13%	0.77%	0.13%
CACI	D	0.03%	0.16%	0.03%
CBRE	B	0.13%	0.15%	0.13%
CDNS	B	0.02%	0.87%	0.02%
CDW	F	0.04%	0.3%	0.04%
CI	F	0.37%	0.36%	0.36%
CL	D	0.13%	0.55%	0.13%
CLX	B	0.05%	0.13%	0.05%
CMI	A	0.15%	0.3%	0.15%
CNC	D	0.22%	0.13%	0.13%
CSCO	B	0.64%	2.73%	0.64%
CTAS	B	0.06%	0.55%	0.06%
CTSH	B	0.1%	0.47%	0.1%
CVS	D	0.53%	0.29%	0.29%
D	C	0.26%	0.46%	0.26%
DASH	A	0.03%	0.42%	0.03%
DD	D	0.17%	0.18%	0.17%
DECK	A	0.02%	0.14%	0.02%
DOV	A	0.05%	0.12%	0.05%
EA	A	0.04%	0.5%	0.04%
EBAY	D	0.09%	0.33%	0.09%
ECL	D	0.07%	0.35%	0.07%
ED	D	0.15%	0.32%	0.15%
EL	F	0.02%	0.18%	0.02%
ELV	F	0.28%	0.36%	0.28%
EXEL	B	0.02%	0.29%	0.02%
EXPD	D	0.04%	0.12%	0.04%
EXPE	B	0.04%	0.14%	0.04%
FAST	B	0.06%	0.18%	0.06%
FDX	B	0.31%	0.44%	0.31%
FFIV	B	0.02%	0.17%	0.02%
FTNT	C	0.01%	0.77%	0.01%
GDDY	A	0.02%	0.31%	0.02%
GEV	B	0.1%	0.66%	0.1%
GIS	D	0.13%	0.16%	0.13%
GPC	D	0.05%	0.1%	0.05%
GWW	B	0.06%	0.31%	0.06%
HD	A	0.73%	1.6%	0.73%
HIG	B	0.14%	0.13%	0.13%
HON	B	0.3%	0.91%	0.3%
HPQ	B	0.19%	0.45%	0.19%
HSIC	B	0.03%	0.3%	0.03%
HSY	F	0.04%	0.15%	0.04%
HUM	C	0.14%	0.15%	0.14%
IBM	C	0.53%	2.28%	0.53%
IDXX	F	0.01%	1.04%	0.01%
ILMN	D	0.02%	0.15%	0.02%
INCY	C	0.02%	0.46%	0.02%
INTU	C	0.09%	2.08%	0.09%
IT	C	0.02%	0.24%	0.02%
ITW	B	0.12%	0.49%	0.12%
JNPR	F	0.03%	0.16%	0.03%
K	A	0.08%	0.12%	0.08%
KEYS	A	0.03%	0.17%	0.03%
KMB	D	0.13%	0.31%	0.13%
KO	D	0.47%	1.23%	0.47%
KR	B	0.31%	0.37%	0.31%
LII	A	0.02%	0.11%	0.02%
LNW	D	0.02%	0.04%	0.02%
LOW	D	0.34%	0.59%	0.34%
LRCX	F	0.07%	0.53%	0.07%
LYV	A	0.02%	0.15%	0.02%
MA	C	0.17%	3.02%	0.17%
META	D	0.96%	5.28%	0.96%
MMC	B	0.13%	0.43%	0.13%
MMM	D	0.42%	0.47%	0.42%
MNST	C	0.03%	0.22%	0.03%
MPC	D	0.31%	0.33%	0.31%
MSI	B	0.07%	0.91%	0.07%
MTCH	D	0.01%	0.12%	0.01%
MTD	D	0.02%	0.18%	0.02%
NI	A	0.06%	0.14%	0.06%
NKE	D	0.12%	0.82%	0.12%
NOW	A	0.04%	2.29%	0.04%
NRG	B	0.11%	0.17%	0.11%
NTAP	C	0.06%	0.29%	0.06%
NWS	B	0.01%	0.22%	0.01%
ORLY	B	0.06%	0.49%	0.06%
OTIS	C	0.06%	0.16%	0.06%
PAYX	C	0.07%	0.32%	0.07%
PEP	F	0.48%	1.02%	0.48%
PGR	A	0.25%	0.56%	0.25%
PH	A	0.11%	0.39%	0.11%
PM	B	0.66%	0.9%	0.66%
PPG	F	0.07%	0.12%	0.07%
PRU	A	0.23%	0.18%	0.18%
RL	B	0.02%	0.11%	0.02%
RS	B	0.05%	0.09%	0.05%
SHW	A	0.09%	0.36%	0.09%
SNPS	B	0.03%	0.95%	0.03%
SPOT	B	0.03%	0.93%	0.03%
STX	D	0.07%	0.26%	0.07%
SYY	B	0.14%	0.16%	0.14%
TER	D	0.02%	0.12%	0.02%
TGT	F	0.29%	0.67%	0.29%
TRGP	B	0.1%	0.34%	0.1%
TRV	B	0.24%	0.22%	0.22%
TSCO	D	0.05%	0.11%	0.05%
TT	A	0.1%	0.52%	0.1%
TXT	D	0.04%	0.1%	0.04%
UBER	D	0.05%	1.04%	0.05%
ULTA	F	0.02%	0.16%	0.02%
UNH	C	1.06%	2.16%	1.06%
UPS	C	0.32%	0.79%	0.32%
VLTO	D	0.02%	0.23%	0.02%
VMC	B	0.04%	0.23%	0.04%
VST	B	0.15%	0.32%	0.15%
WAT	B	0.02%	0.14%	0.02%
WDAY	B	0.02%	0.81%	0.02%
WMB	A	0.24%	0.59%	0.24%
WMT	A	1.16%	5.09%	1.16%
WSM	B	0.03%	0.14%	0.03%
XOM	B	2.24%	3.43%	2.24%
XYL	D	0.03%	0.14%	0.03%
ZBRA	B	0.04%	0.23%	0.04%

PRF Overweight 844 Positions Relative to NXTI

Symbol	Grade	Weight
AAPL	C	2.3%
JPM	A	2.2%
MSFT	F	1.86%
AMZN	C	1.74%
BAC	A	1.37%
WFC	A	1.29%
VZ	C	1.19%
T	A	1.18%
CVX	A	1.16%
C	A	1.14%
GOOGL	C	1.03%
JNJ	D	0.92%
GOOG	C	0.89%
GM	B	0.79%
GS	A	0.78%
CMCSA	B	0.78%
PFE	D	0.77%
PG	A	0.71%
MS	A	0.58%
ABBV	D	0.57%
COST	B	0.56%
MO	A	0.52%
AVGO	D	0.5%
RTX	C	0.47%
INTC	D	0.45%
MCK	B	0.45%
BMY	B	0.42%
COP	C	0.42%
DIS	B	0.42%
MRK	F	0.41%
COF	B	0.41%
DUK	C	0.4%
F	C	0.39%
USB	A	0.38%
NEE	D	0.38%
PNC	B	0.37%
TSLA	B	0.37%
GILD	C	0.37%
TFC	A	0.36%
SO	D	0.36%
MDT	D	0.35%
CAT	B	0.34%
TXN	C	0.34%
LMT	D	0.34%
BLK	C	0.33%
TMUS	B	0.33%
VLO	C	0.33%
ABT	B	0.32%
AMGN	D	0.32%
ORCL	B	0.32%
QCOM	F	0.31%
MU	D	0.31%
CB	C	0.3%
KMI	A	0.3%
MCD	D	0.29%
MET	A	0.29%
PSX	C	0.29%
CAH	B	0.29%
LIN	D	0.28%
EOG	A	0.27%
BK	A	0.27%
COR	B	0.26%
NVDA	C	0.26%
CRM	B	0.25%
UNP	C	0.25%
ACN	C	0.25%
CHTR	C	0.25%
V	A	0.25%
SYF	B	0.23%
GE	D	0.23%
FI	A	0.22%
DE	A	0.22%
TMO	F	0.22%
NFLX	A	0.21%
ADM	D	0.21%
LLY	F	0.21%
EXC	C	0.2%
DFS	B	0.2%
PYPL	B	0.2%
AEP	D	0.2%
TJX	A	0.19%
HPE	B	0.19%
SRE	A	0.19%
OKE	A	0.18%
GD	F	0.18%
DOW	F	0.18%
JCI	C	0.18%
SCHW	B	0.18%
ETN	A	0.18%
MDLZ	F	0.18%
ADI	D	0.17%
NOC	D	0.17%
SPGI	C	0.17%
SBUX	A	0.17%
CFG	B	0.16%
DHR	F	0.16%
STT	A	0.16%
NEM	D	0.16%
MTB	A	0.16%
WELL	A	0.16%
APD	A	0.16%
WBD	C	0.16%
XEL	A	0.15%
EMR	A	0.15%
AMD	F	0.15%
AMT	D	0.15%
FIS	C	0.15%
ETR	B	0.15%
PEG	A	0.15%
PLD	D	0.15%
TSN	B	0.15%
IP	B	0.15%
HCA	F	0.15%
CSX	B	0.14%
PPL	B	0.14%
EIX	B	0.14%
KHC	F	0.14%
LYB	F	0.14%
FCX	D	0.14%
ADP	B	0.14%
PCAR	B	0.14%
FITB	A	0.14%
CME	A	0.14%
WM	A	0.13%
BDX	F	0.13%
KKR	A	0.13%
OXY	D	0.13%
ZIM	C	0.13%
DLR	B	0.13%
NSC	B	0.13%
SLB	C	0.13%
CEG	D	0.13%
NUE	C	0.12%
LHX	C	0.12%
BSX	B	0.12%
HBAN	A	0.12%
CCI	D	0.12%
LUMN	C	0.12%
DHI	D	0.12%
ICE	C	0.12%
SPG	B	0.12%
LEN	D	0.12%
THC	D	0.12%
PARA	C	0.12%
SYK	C	0.12%
RF	A	0.12%
GLW	B	0.12%
ES	D	0.11%
URI	B	0.11%
WEC	A	0.11%
VTR	C	0.11%
CARR	D	0.11%
WBA	F	0.11%
KEY	B	0.11%
BA	F	0.11%
PCG	A	0.11%
EQIX	A	0.1%
O	D	0.1%
DTE	C	0.1%
NTRS	A	0.1%
REGN	F	0.1%
BG	F	0.1%
DVN	F	0.1%
PFG	D	0.1%
FE	C	0.1%
WDC	D	0.1%
VRTX	F	0.09%
USFD	A	0.09%
AER	B	0.09%
WY	D	0.09%
BIIB	F	0.09%
VTRS	A	0.09%
KDP	D	0.09%
TROW	B	0.09%
AEE	A	0.09%
JXN	C	0.09%
CTVA	C	0.09%
EVRG	A	0.08%
GEHC	F	0.08%
FLEX	A	0.08%
CHRW	C	0.08%
PFGC	B	0.08%
FANG	D	0.08%
NXPI	D	0.08%
CINF	A	0.08%
ISRG	A	0.08%
IFF	D	0.08%
ALLY	C	0.08%
ARW	D	0.08%
APH	A	0.08%
KMX	B	0.08%
AVB	B	0.08%
MKL	A	0.08%
EQR	B	0.08%
UNM	A	0.08%
IRM	D	0.08%
OMC	C	0.08%
GPN	B	0.07%
LNC	B	0.07%
STZ	D	0.07%
RJF	A	0.07%
HAL	C	0.07%
FNF	B	0.07%
DGX	A	0.07%
LNG	B	0.07%
VFC	C	0.07%
TDG	D	0.07%
SWK	D	0.07%
AZO	C	0.07%
DOC	D	0.07%
CAG	D	0.07%
EQT	B	0.07%
JEF	A	0.07%
AON	A	0.07%
VICI	C	0.07%
SQ	B	0.07%
WTW	B	0.07%
CMS	C	0.07%
CTRA	B	0.07%
MRO	B	0.07%
STLD	B	0.07%
PSA	D	0.07%
PHM	D	0.07%
CCL	B	0.07%
CNP	B	0.07%
AA	B	0.07%
BLDR	D	0.06%
IVZ	B	0.06%
MHK	D	0.06%
ZTS	D	0.06%
EQH	B	0.06%
MAR	B	0.06%
WCC	B	0.06%
ATO	A	0.06%
LH	C	0.06%
VNO	B	0.06%
CMA	A	0.06%
MOS	F	0.06%
CRBG	B	0.06%
ORI	A	0.06%
CF	B	0.06%
PWR	A	0.06%
MCO	B	0.06%
PNW	B	0.06%
ROST	C	0.06%
LAD	A	0.06%
LDOS	C	0.06%
PKG	A	0.06%
RGA	A	0.06%
WAB	B	0.06%
UAL	A	0.06%
WHR	B	0.06%
L	A	0.06%
BXP	D	0.06%
GEN	B	0.06%
ARE	D	0.06%
EMN	D	0.06%
RSG	A	0.06%
FYBR	D	0.06%
ROP	B	0.06%
JLL	D	0.06%
R	B	0.06%
GRMN	B	0.06%
MRVL	B	0.06%
UGI	A	0.05%
INVH	D	0.05%
DXC	B	0.05%
DRI	B	0.05%
HWM	A	0.05%
ZBH	C	0.05%
HBI	B	0.05%
SJM	D	0.05%
APO	B	0.05%
EG	C	0.05%
TWLO	A	0.05%
BALL	D	0.05%
ZION	B	0.05%
NVR	D	0.05%
ACM	A	0.05%
ESS	B	0.05%
UHS	D	0.05%
MCHP	D	0.05%
X	C	0.05%
ROK	B	0.05%
MOH	F	0.05%
SFM	A	0.05%
BAP	B	0.05%
MAA	B	0.05%
KIM	A	0.05%
BAX	D	0.05%
BJ	A	0.05%
TOL	B	0.05%
AN	C	0.05%
OC	A	0.05%
BWA	D	0.05%
TAP	C	0.05%
M	D	0.05%
KLAC	D	0.05%
RCL	A	0.05%
YUM	B	0.05%
AES	F	0.05%
OMF	A	0.05%
CNH	C	0.05%
IQV	D	0.05%
SOLV	C	0.05%
FHN	A	0.05%
TDS	B	0.05%
JBL	B	0.05%
LNT	A	0.05%
AFG	A	0.05%
DG	F	0.05%
KD	B	0.05%
AWK	D	0.05%
FOXA	B	0.05%
HES	B	0.05%
AVT	C	0.04%
CHD	B	0.04%
CPAY	A	0.04%
SUI	D	0.04%
BEN	C	0.04%
CPT	B	0.04%
WPC	D	0.04%
DINO	D	0.04%
GT	C	0.04%
WBS	A	0.04%
HST	C	0.04%
SSNC	B	0.04%
TPR	B	0.04%
PBF	D	0.04%
HOLX	D	0.04%
UDR	B	0.04%
DVA	B	0.04%
EXR	D	0.04%
UTHR	C	0.04%
WRB	A	0.04%
LEA	D	0.04%
STWD	C	0.04%
SNV	B	0.04%
INGR	B	0.04%
ABG	B	0.04%
TMHC	B	0.04%
J	F	0.04%
ON	D	0.04%
REG	B	0.04%
APA	D	0.04%
SNX	C	0.04%
DLTR	F	0.04%
CCK	C	0.04%
NWL	B	0.04%
TDY	B	0.04%
KSS	F	0.04%
HAS	D	0.04%
FAF	A	0.04%
MGM	D	0.04%
CASY	A	0.04%
LKQ	D	0.04%
SLG	B	0.04%
MRNA	F	0.04%
OGE	B	0.04%
AIZ	A	0.04%
MLM	B	0.04%
BERY	B	0.04%
TTWO	A	0.04%
MKC	D	0.04%
CCEP	C	0.04%
BFH	B	0.04%
OVV	B	0.04%
EWBC	A	0.04%
EME	C	0.04%
GPI	A	0.04%
AR	B	0.04%
IPG	D	0.04%
MTZ	B	0.04%
MPW	F	0.04%
SNA	A	0.04%
DAL	C	0.04%
AME	A	0.04%
PK	B	0.03%
OLN	D	0.03%
ICLR	D	0.03%
COIN	C	0.03%
ELAN	D	0.03%
GL	B	0.03%
CMC	B	0.03%
BHF	B	0.03%
ALV	C	0.03%
MAN	D	0.03%
CLF	F	0.03%
KRC	C	0.03%
WTFC	A	0.03%
GAP	C	0.03%
AXTA	A	0.03%
DAR	C	0.03%
AGCO	D	0.03%
OSK	B	0.03%
WTRG	B	0.03%
SCI	B	0.03%
VLY	B	0.03%
LBRDK	C	0.03%
VRSK	A	0.03%
CTLT	B	0.03%
RIG	D	0.03%
ALSN	B	0.03%
ODFL	B	0.03%
JBHT	C	0.03%
CAR	C	0.03%
TRMB	B	0.03%
GXO	B	0.03%
GNRC	B	0.03%
ZM	B	0.03%
WU	D	0.03%
STE	F	0.03%
LAMR	D	0.03%
CNO	A	0.03%
FOX	A	0.03%
BECN	B	0.03%
AL	B	0.03%
PNFP	B	0.03%
CPNG	D	0.03%
FLR	B	0.03%
THO	B	0.03%
CPRT	A	0.03%
PNR	A	0.03%
EW	C	0.03%
FNB	A	0.03%
BPOP	B	0.03%
JWN	C	0.03%
SANM	B	0.03%
FSLR	F	0.03%
GLPI	C	0.03%
NWSA	B	0.03%
CNX	A	0.03%
TRU	D	0.03%
COOP	B	0.03%
CG	A	0.03%
RRX	B	0.03%
PB	A	0.03%
EFX	F	0.03%
OHI	C	0.03%
BRX	A	0.03%
AXS	A	0.03%
GEO	B	0.03%
HUBB	B	0.03%
CZR	F	0.03%
GPK	C	0.03%
MTH	D	0.03%
LPLA	A	0.03%
WSO	A	0.03%
CMG	B	0.03%
RVTY	F	0.03%
ALB	C	0.03%
MAS	D	0.03%
ARMK	B	0.03%
KNX	B	0.03%
FCNCA	A	0.03%
OGN	D	0.03%
PENN	C	0.03%
BR	A	0.03%
FTV	C	0.03%
CSL	C	0.03%
FMC	D	0.03%
JHG	A	0.03%
VOYA	B	0.03%
WAL	B	0.03%
AVTR	F	0.03%
CPB	D	0.03%
ANET	C	0.03%
COHR	B	0.03%
HLT	A	0.03%
DKS	C	0.03%
HRL	D	0.03%
LVS	C	0.03%
RPM	A	0.03%
MUSA	A	0.03%
IR	B	0.03%
HOOD	B	0.03%
RMD	C	0.03%
DTM	B	0.03%
NDAQ	A	0.03%
SWKS	F	0.03%
SF	B	0.03%
CDP	C	0.02%
TKR	D	0.02%
VEEV	C	0.02%
MSM	C	0.02%
BWXT	B	0.02%
ASGN	F	0.02%
MC	C	0.02%
CHRD	D	0.02%
PCH	D	0.02%
RH	B	0.02%
ARES	A	0.02%
BLD	D	0.02%
HP	B	0.02%
GGG	B	0.02%
FDS	B	0.02%
JKHY	D	0.02%
APLE	B	0.02%
CATY	B	0.02%
RIVN	F	0.02%
TTMI	B	0.02%
DK	C	0.02%
SMG	D	0.02%
OUT	A	0.02%
EPR	D	0.02%
AIT	A	0.02%
ADNT	F	0.02%
ESNT	D	0.02%
GHC	C	0.02%
POOL	C	0.02%
AVA	A	0.02%
LW	C	0.02%
NDSN	B	0.02%
SFNC	B	0.02%
GATX	A	0.02%
TXRH	C	0.02%
RPRX	D	0.02%
COLD	D	0.02%
HCC	B	0.02%
SIG	B	0.02%
Z	A	0.02%
NSIT	F	0.02%
RUSHA	C	0.02%
FLO	D	0.02%
AAL	B	0.02%
ALLE	D	0.02%
QRVO	F	0.02%
LSTR	D	0.02%
GMS	B	0.02%
CRL	C	0.02%
NJR	A	0.02%
MDU	D	0.02%
KRG	B	0.02%
VAC	B	0.02%
NAVI	C	0.02%
ADC	B	0.02%
HUBG	A	0.02%
HLF	C	0.02%
CC	C	0.02%
MKSI	C	0.02%
NVST	B	0.02%
ALE	A	0.02%
CBT	C	0.02%
OI	C	0.02%
PII	D	0.02%
SLGN	A	0.02%
NWE	B	0.02%
FULT	A	0.02%
ST	F	0.02%
ABCB	B	0.02%
CXW	B	0.02%
UHAL	D	0.02%
PAG	B	0.02%
DPZ	C	0.02%
TYL	B	0.02%
AGR	B	0.02%
DY	D	0.02%
DCI	B	0.02%
VMI	B	0.02%
PLXS	B	0.02%
CHKP	D	0.02%
WKC	D	0.02%
GRAB	B	0.02%
KBR	F	0.02%
REZI	A	0.02%
HRI	B	0.02%
MIDD	C	0.02%
HOMB	A	0.02%
FHB	A	0.02%
LUV	C	0.02%
ITT	A	0.02%
AGO	B	0.02%
MELI	D	0.02%
UMBF	B	0.02%
UNFI	A	0.02%
BTU	B	0.02%
SAIC	F	0.02%
TRN	C	0.02%
SR	A	0.02%
SLVM	B	0.02%
AVNT	B	0.02%
MHO	D	0.02%
PNM	F	0.02%
SEM	B	0.02%
BC	C	0.02%
NVT	B	0.02%
CW	B	0.02%
AYI	B	0.02%
SCCO	F	0.02%
COLB	A	0.02%
PHIN	A	0.02%
SM	B	0.02%
PRI	A	0.02%
VRT	B	0.02%
OGS	A	0.02%
MAT	D	0.02%
SEE	C	0.02%
CR	A	0.02%
FL	F	0.02%
ELS	C	0.02%
HOG	D	0.02%
SBAC	D	0.02%
LITE	B	0.02%
CBOE	B	0.02%
G	B	0.02%
NOV	C	0.02%
JAZZ	B	0.02%
ATR	B	0.02%
POST	C	0.02%
NNN	D	0.02%
KMPR	B	0.02%
CUBE	D	0.02%
BKU	A	0.02%
LULU	C	0.02%
CE	F	0.02%
TNL	A	0.02%
RNR	C	0.02%
SLM	A	0.02%
AAP	C	0.02%
MTG	C	0.02%
CBSH	A	0.02%
BXMT	C	0.02%
TCBI	B	0.02%
OZK	B	0.02%
UFPI	B	0.02%
MSCI	C	0.02%
GBCI	B	0.02%
XPO	B	0.02%
PRGO	B	0.02%
FLS	B	0.02%
FBIN	D	0.02%
RHI	B	0.02%
KEX	C	0.02%
IEX	B	0.02%
PVH	C	0.02%
AMG	B	0.02%
RDN	C	0.02%
MUR	D	0.02%
SBRA	C	0.02%
GME	C	0.02%
HWC	B	0.02%
IDA	A	0.02%
BCC	B	0.02%
ANSS	B	0.02%
HIW	D	0.02%
ASB	B	0.02%
DEI	B	0.02%
THG	A	0.02%
SON	D	0.02%
SKX	D	0.02%
SOFI	A	0.02%
CWK	B	0.02%
AKAM	D	0.02%
BKH	A	0.02%
KBH	D	0.02%
CIEN	B	0.02%
POR	C	0.02%
CSGP	D	0.02%
AMH	D	0.02%
ABM	B	0.02%
HUN	F	0.02%
CADE	B	0.02%
EHC	B	0.02%
LPX	B	0.02%
UBSI	B	0.02%
MAC	B	0.02%
VSCO	B	0.02%
TPH	D	0.02%
CLH	B	0.02%
NFG	A	0.02%
BBWI	D	0.02%
MLI	C	0.02%
HII	D	0.02%
ONB	B	0.02%
SSB	B	0.02%
HRB	D	0.02%
FTI	A	0.02%
BIO	D	0.02%
TGNA	B	0.02%
AGNC	D	0.02%
EVR	B	0.02%
GNW	A	0.02%
SWX	B	0.02%
DOX	D	0.02%
CUZ	B	0.02%
NXST	C	0.02%
FRT	B	0.02%
CFR	B	0.02%
AMN	F	0.01%
FIVE	F	0.01%
CNXC	F	0.01%
HELE	C	0.01%
CLVT	F	0.01%
NUS	D	0.01%
LEN	D	0.01%
VSAT	F	0.01%
JELD	F	0.01%
HEI	B	0.01%
OPCH	D	0.01%
BGS	F	0.01%
STNE	F	0.01%
ZG	A	0.01%
GTN	F	0.01%
XP	F	0.01%
OPEN	D	0.01%
WSC	D	0.01%
AMR	C	0.01%
ODP	F	0.01%
DXCM	D	0.01%
ARCB	C	0.01%
SNOW	C	0.01%
IGT	F	0.01%
ACHC	F	0.01%
DIOD	D	0.01%
CRI	D	0.01%
TROX	D	0.01%
MLKN	D	0.01%
NSP	D	0.01%
HPP	F	0.01%
LGIH	D	0.01%
CBRL	C	0.01%
HEI	B	0.01%
CPRI	F	0.01%
UA	C	0.01%
ATKR	C	0.01%
VSTS	C	0.01%
RLJ	C	0.01%
AMKR	D	0.01%
UAA	C	0.01%
XRAY	F	0.01%
OMI	F	0.01%
EGP	F	0.01%
PDCO	D	0.01%
URBN	C	0.01%
SITE	D	0.01%
ARI	C	0.01%
BXC	B	0.01%
VSH	D	0.01%
ENOV	C	0.01%
CSTM	F	0.01%
AXL	C	0.01%
W	F	0.01%
DRH	B	0.01%
DAN	D	0.01%
PMT	D	0.01%
UVV	B	0.01%
LXP	D	0.01%
CCS	D	0.01%
CABO	C	0.01%
CRC	B	0.01%
CGNX	C	0.01%
RYN	D	0.01%
ASO	F	0.01%
ASH	D	0.01%
BMRN	D	0.01%
ANDE	D	0.01%
ENTG	D	0.01%
TEX	D	0.01%
LFUS	F	0.01%
EEFT	B	0.01%
JBGS	D	0.01%
THS	D	0.01%
WEX	D	0.01%
PINC	B	0.01%
HTZ	C	0.01%
UNIT	B	0.01%
FUL	F	0.01%
PFSI	D	0.01%
FND	C	0.01%
FR	C	0.01%
AEO	F	0.01%
BYD	C	0.01%
APAM	B	0.01%
SAIA	B	0.01%
OKTA	C	0.01%
NOMD	D	0.01%
RUN	F	0.01%
KMT	B	0.01%
SPB	C	0.01%
TPX	B	0.01%
LECO	B	0.01%
PECO	A	0.01%
PTC	A	0.01%
GEF	A	0.01%
LCII	C	0.01%
ENS	D	0.01%
FCN	D	0.01%
ATI	D	0.01%
XRX	F	0.01%
PPBI	B	0.01%
UCB	A	0.01%
CNM	D	0.01%
SBH	C	0.01%
ESI	A	0.01%
ABR	C	0.01%
WH	B	0.01%
CIVI	D	0.01%
MMS	F	0.01%
RRC	B	0.01%
AM	A	0.01%
SIGI	C	0.01%
BCO	D	0.01%
BOKF	B	0.01%
FIBK	A	0.01%
GNTX	C	0.01%
ALIT	C	0.01%
WLK	D	0.01%
MTDR	B	0.01%
RLI	B	0.01%
STAG	F	0.01%
ARCH	B	0.01%
BDN	C	0.01%
AUB	B	0.01%
EPAM	C	0.01%
VYX	B	0.01%
GTLS	B	0.01%
WERN	C	0.01%
VNT	B	0.01%
IAC	D	0.01%
RXO	C	0.01%
TTC	D	0.01%
SEIC	B	0.01%
FFBC	A	0.01%
LEG	F	0.01%
AOS	F	0.01%
WST	C	0.01%
INDB	B	0.01%
RGLD	C	0.01%
ESGR	B	0.01%
REXR	F	0.01%
HE	C	0.01%
KNF	A	0.01%
MTN	C	0.01%
WWD	B	0.01%
IRT	A	0.01%
APG	B	0.01%
TFX	F	0.01%
ESAB	B	0.01%
WYNN	D	0.01%
UHAL	D	0.0%
SEDG	F	0.0%
SMCI	F	0.0%
LBRDA	C	0.0%
PARR	D	0.0%

PRF Underweight 59 Positions Relative to NXTI

Symbol	Grade	Weight
PANW	C	-1.5%
ALNY	D	-1.07%
DELL	C	-1.03%
PLTR	B	-0.99%
TEAM	A	-0.61%
FICO	B	-0.57%
APP	B	-0.54%
DDOG	A	-0.54%
NTRA	B	-0.45%
SRPT	D	-0.43%
NBIX	C	-0.4%
INSM	C	-0.39%
NET	B	-0.38%
HUBS	A	-0.34%
ZS	C	-0.33%
PEN	B	-0.32%
ITCI	C	-0.29%
PINS	D	-0.29%
IOT	A	-0.28%
RDDT	B	-0.24%
MDB	C	-0.24%
SNAP	C	-0.23%
IONS	F	-0.22%
NTNX	A	-0.21%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
MANH	D	-0.19%
CVNA	B	-0.19%
DT	C	-0.19%
INSP	D	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
DOCU	A	-0.18%
GWRE	A	-0.16%
RARE	D	-0.15%
CORT	B	-0.15%
ROL	B	-0.15%
ALKS	B	-0.14%
DUOL	A	-0.14%
AXSM	B	-0.14%
FOLD	F	-0.12%
APLS	D	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
NYT	C	-0.11%
PCOR	B	-0.11%
DKNG	B	-0.1%
APPF	B	-0.1%
AMED	F	-0.1%
DNLI	D	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
WING	D	-0.08%
DLB	B	-0.04%