PRF vs. QARP ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

$41.79

Average Daily Volume

220,686

Number of Holdings ^*

981

* may have additional holdings in another (foreign) market

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.50

Average Daily Volume

3,336

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	PRF	QARP
30 Days	1.85%	2.06%
60 Days	5.54%	5.17%
90 Days	7.05%	6.60%
12 Months	29.46%	27.06%

321 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in QARP	Overlap
	A	F	0.04%	0.1%	0.04%
	AAL	B	0.02%	0.03%	0.02%
	AAPL	C	2.28%	4.9%	2.28%
	ABBV	F	0.67%	0.02%	0.02%
	ABNB	C	0.01%	0.24%	0.01%
	ABT	C	0.32%	0.23%	0.23%
	ACGL	C	0.07%	0.24%	0.07%
	ACI	C	0.08%	0.05%	0.05%
	ACM	B	0.05%	0.04%	0.04%
	ACN	B	0.25%	1.15%	0.25%
	ADBE	C	0.11%	0.86%	0.11%
	ADI	D	0.18%	0.09%	0.09%
	ADM	F	0.21%	0.27%	0.21%
	ADP	A	0.14%	0.21%	0.14%
	ADSK	B	0.02%	0.06%	0.02%
	AGCO	F	0.03%	0.06%	0.03%
	ALB	C	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.05%	0.02%
	ALSN	B	0.03%	0.04%	0.03%
	AMAT	F	0.13%	0.79%	0.13%
	AMD	F	0.16%	0.07%	0.07%
	AMG	B	0.02%	0.09%	0.02%
	AMGN	F	0.35%	0.03%	0.03%
	AMZN	A	1.72%	3.87%	1.72%
	ANET	C	0.04%	0.14%	0.04%
	AON	B	0.07%	0.34%	0.07%
	AOS	F	0.02%	0.07%	0.02%
	APA	F	0.04%	0.02%	0.02%
	APTV	F	0.04%	0.05%	0.04%
	AR	B	0.04%	0.02%	0.02%
	ARMK	B	0.03%	0.04%	0.03%
	ATO	B	0.06%	0.07%	0.06%
	AYI	A	0.02%	0.08%	0.02%
	AZO	B	0.07%	0.34%	0.07%
	BBWI	C	0.02%	0.02%	0.02%
	BBY	C	0.13%	0.24%	0.13%
	BIIB	F	0.09%	0.02%	0.02%
	BJ	B	0.05%	0.11%	0.05%
	BKNG	A	0.1%	0.81%	0.1%
	BKR	B	0.12%	0.09%	0.09%
	BLD	F	0.02%	0.05%	0.02%
	BLDR	C	0.05%	0.17%	0.05%
	BMY	B	0.39%	0.61%	0.39%
	BRK.A	B	2.3%	5.09%	2.3%
	BURL	C	0.03%	0.04%	0.03%
	BWA	B	0.05%	0.06%	0.05%
	BX	A	0.13%	0.06%	0.06%
	CAH	B	0.28%	0.38%	0.28%
	CASY	B	0.04%	0.12%	0.04%
	CAT	B	0.35%	0.68%	0.35%
	CBOE	D	0.02%	0.08%	0.02%
	CBRE	B	0.12%	0.1%	0.1%
	CCL	B	0.07%	0.04%	0.04%
	CDNS	B	0.02%	0.02%	0.02%
	CDW	F	0.04%	0.02%	0.02%
	CE	F	0.03%	0.03%	0.03%
	CF	B	0.06%	0.13%	0.06%
	CHRD	D	0.02%	0.04%	0.02%
	CHRW	A	0.07%	0.06%	0.06%
	CHTR	B	0.25%	0.13%	0.13%
	CI	D	0.36%	0.55%	0.36%
	CINF	A	0.08%	0.09%	0.08%
	CL	F	0.13%	0.22%	0.13%
	CLF	F	0.03%	0.05%	0.03%
	CLX	A	0.05%	0.06%	0.05%
	CMCSA	B	0.79%	0.86%	0.79%
	CMG	B	0.03%	0.1%	0.03%
	CMI	A	0.15%	0.26%	0.15%
	CNC	F	0.23%	0.27%	0.23%
	CNM	D	0.01%	0.04%	0.01%
	CNP	B	0.07%	0.04%	0.04%
	COF	B	0.42%	0.15%	0.15%
	COIN	B	0.02%	0.04%	0.02%
	COP	C	0.42%	0.77%	0.42%
	COR	B	0.26%	0.4%	0.26%
	COST	B	0.56%	2.3%	0.56%
	CPB	F	0.03%	0.02%	0.02%
	CPNG	B	0.03%	0.11%	0.03%
	CPRT	A	0.03%	0.07%	0.03%
	CSCO	A	0.64%	1.97%	0.64%
	CSL	B	0.03%	0.05%	0.03%
	CSX	B	0.14%	0.06%	0.06%
	CTAS	B	0.06%	0.08%	0.06%
	CTRA	B	0.07%	0.1%	0.07%
	CTSH	A	0.1%	0.29%	0.1%
	CTVA	C	0.1%	0.03%	0.03%
	CVS	F	0.55%	0.19%	0.19%
	CVX	A	1.12%	1.5%	1.12%
	DAL	A	0.04%	0.21%	0.04%
	DCI	A	0.02%	0.05%	0.02%
	DD	D	0.17%	0.03%	0.03%
	DE	D	0.23%	0.25%	0.23%
	DECK	B	0.02%	0.12%	0.02%
	DGX	B	0.07%	0.03%	0.03%
	DHI	D	0.12%	0.33%	0.12%
	DINO	D	0.04%	0.02%	0.02%
	DKS	D	0.03%	0.09%	0.03%
	DLTR	F	0.04%	0.07%	0.04%
	DOW	F	0.2%	0.07%	0.07%
	DOX	C	0.03%	0.07%	0.03%
	DPZ	C	0.02%	0.03%	0.02%
	DRI	B	0.05%	0.13%	0.05%
	DVN	F	0.1%	0.17%	0.1%
	EA	A	0.04%	0.2%	0.04%
	EBAY	C	0.09%	0.09%	0.09%
	EG	D	0.05%	0.05%	0.05%
	EL	F	0.02%	0.03%	0.02%
	ELV	F	0.3%	0.49%	0.3%
	EME	B	0.04%	0.15%	0.04%
	EOG	A	0.25%	0.47%	0.25%
	EPAM	B	0.01%	0.03%	0.01%
	EVR	B	0.03%	0.1%	0.03%
	EW	F	0.03%	0.06%	0.03%
	EXEL	B	0.02%	0.03%	0.02%
	EXPD	C	0.04%	0.14%	0.04%
	EXPE	B	0.04%	0.16%	0.04%
	FANG	C	0.08%	0.18%	0.08%
	FAST	B	0.06%	0.21%	0.06%
	FCN	F	0.01%	0.03%	0.01%
	FCNCA	B	0.03%	0.13%	0.03%
	FCX	F	0.16%	0.04%	0.04%
	FDS	A	0.01%	0.1%	0.01%
	FDX	B	0.3%	0.32%	0.3%
	FFIV	B	0.02%	0.06%	0.02%
	FIVE	F	0.01%	0.02%	0.01%
	FND	F	0.01%	0.05%	0.01%
	FOXA	A	0.05%	0.03%	0.03%
	FTNT	B	0.01%	0.19%	0.01%
	G	B	0.02%	0.02%	0.02%
	GAP	B	0.03%	0.03%	0.03%
	GEHC	D	0.08%	0.15%	0.08%
	GEV	B	0.11%	0.19%	0.11%
	GGG	B	0.02%	0.07%	0.02%
	GILD	B	0.4%	0.33%	0.33%
	GIS	F	0.13%	0.09%	0.09%
	GLPI	D	0.03%	0.03%	0.03%
	GM	B	0.76%	0.24%	0.24%
	GNTX	C	0.01%	0.04%	0.01%
	GOOG	C	0.91%	2.12%	0.91%
	GOOGL	C	1.06%	2.34%	1.06%
	GPC	D	0.05%	0.07%	0.05%
	GRMN	A	0.06%	0.16%	0.06%
	GWW	B	0.06%	0.27%	0.06%
	HAL	C	0.06%	0.06%	0.06%
	HCA	D	0.16%	0.29%	0.16%
	HD	B	0.71%	2.02%	0.71%
	HII	F	0.02%	0.02%	0.02%
	HOLX	D	0.04%	0.05%	0.04%
	HPQ	B	0.19%	0.08%	0.08%
	HRB	D	0.03%	0.09%	0.03%
	HST	D	0.04%	0.03%	0.03%
	HSY	F	0.04%	0.09%	0.04%
	HUM	D	0.14%	0.29%	0.14%
	INCY	B	0.02%	0.07%	0.02%
	INGR	B	0.04%	0.05%	0.04%
	INTC	C	0.47%	0.08%	0.08%
	IP	B	0.16%	0.05%	0.05%
	ISRG	A	0.08%	0.17%	0.08%
	ITT	A	0.02%	0.05%	0.02%
	ITW	B	0.12%	0.32%	0.12%
	J	D	0.04%	0.04%	0.04%
	JBHT	C	0.03%	0.05%	0.03%
	JBL	C	0.06%	0.06%	0.06%
	JHG	A	0.03%	0.03%	0.03%
	JKHY	C	0.02%	0.05%	0.02%
	JNJ	D	0.94%	2.48%	0.94%
	JNPR	D	0.03%	0.04%	0.03%
	K	A	0.08%	0.06%	0.06%
	KEYS	C	0.03%	0.12%	0.03%
	KLAC	F	0.05%	0.18%	0.05%
	KMB	D	0.13%	0.16%	0.13%
	KNX	C	0.03%	0.03%	0.03%
	KR	A	0.31%	0.3%	0.3%
	LAMR	D	0.03%	0.03%	0.03%
	LEA	F	0.04%	0.04%	0.04%
	LECO	C	0.01%	0.04%	0.01%
	LEN	D	0.01%	0.43%	0.01%
	LEN	D	0.12%	0.43%	0.12%
	LH	B	0.06%	0.07%	0.06%
	LKQ	C	0.04%	0.02%	0.02%
	LLY	F	0.21%	0.03%	0.03%
	LMT	D	0.35%	0.74%	0.35%
	LNG	B	0.06%	0.07%	0.06%
	LOW	B	0.34%	0.8%	0.34%
	LPLA	A	0.03%	0.17%	0.03%
	LPX	A	0.02%	0.04%	0.02%
	LRCX	F	0.08%	0.47%	0.08%
	LSTR	B	0.02%	0.05%	0.02%
	LULU	B	0.02%	0.18%	0.02%
	LUV	B	0.02%	0.1%	0.02%
	LVS	C	0.04%	0.05%	0.04%
	LYB	F	0.15%	0.09%	0.09%
	LYV	A	0.02%	0.08%	0.02%
	M	C	0.05%	0.02%	0.02%
	MA	B	0.17%	1.58%	0.17%
	MAR	A	0.05%	0.12%	0.05%
	MAS	D	0.03%	0.08%	0.03%
	MCD	C	0.28%	0.4%	0.28%
	MCHP	F	0.05%	0.04%	0.04%
	MCK	B	0.45%	1.02%	0.45%
	MCO	C	0.06%	0.33%	0.06%
	META	B	0.98%	5.26%	0.98%
	MGM	D	0.04%	0.05%	0.04%
	MHK	D	0.06%	0.03%	0.03%
	MMC	D	0.13%	0.57%	0.13%
	MMM	C	0.42%	0.12%	0.12%
	MNST	B	0.03%	0.15%	0.03%
	MO	A	0.5%	0.63%	0.5%
	MOH	F	0.05%	0.07%	0.05%
	MOS	D	0.06%	0.05%	0.05%
	MPC	D	0.3%	0.25%	0.25%
	MRK	F	0.42%	0.34%	0.34%
	MRNA	F	0.05%	0.07%	0.05%
	MRO	B	0.07%	0.11%	0.07%
	MSCI	B	0.02%	0.23%	0.02%
	MSFT	C	1.85%	2.03%	1.85%
	MSM	C	0.02%	0.03%	0.02%
	MTD	F	0.02%	0.11%	0.02%
	MTG	C	0.02%	0.11%	0.02%
	MTZ	B	0.05%	0.03%	0.03%
	MU	D	0.35%	0.38%	0.35%
	MUSA	B	0.03%	0.05%	0.03%
	NKE	F	0.12%	0.33%	0.12%
	NTAP	D	0.06%	0.06%	0.06%
	NUE	D	0.13%	0.37%	0.13%
	NVDA	A	0.26%	0.17%	0.17%
	NVR	D	0.05%	0.25%	0.05%
	OC	A	0.05%	0.13%	0.05%
	ODFL	B	0.03%	0.18%	0.03%
	OLN	F	0.03%	0.03%	0.03%
	ON	F	0.04%	0.05%	0.04%
	ORCL	A	0.32%	0.05%	0.05%
	ORLY	A	0.06%	0.37%	0.06%
	OSK	B	0.03%	0.04%	0.03%
	OTIS	D	0.06%	0.05%	0.05%
	OVV	C	0.04%	0.03%	0.03%
	OXY	F	0.13%	0.06%	0.06%
	PAYX	B	0.07%	0.2%	0.07%
	PCAR	B	0.14%	0.23%	0.14%
	PFE	F	0.81%	0.53%	0.53%
	PFGC	B	0.08%	0.08%	0.08%
	PG	C	0.69%	1.36%	0.69%
	PGR	A	0.24%	0.06%	0.06%
	PHM	D	0.07%	0.22%	0.07%
	PII	F	0.02%	0.03%	0.02%
	PINC	B	0.01%	0.03%	0.01%
	PKG	B	0.06%	0.06%	0.06%
	PM	B	0.64%	0.58%	0.58%
	POOL	D	0.02%	0.06%	0.02%
	PSA	D	0.07%	0.32%	0.07%
	PSX	C	0.28%	0.12%	0.12%
	PVH	C	0.02%	0.03%	0.02%
	PWR	B	0.06%	0.06%	0.06%
	PYPL	A	0.19%	0.33%	0.19%
	QCOM	F	0.33%	0.27%	0.27%
	REGN	F	0.11%	0.28%	0.11%
	RHI	B	0.02%	0.07%	0.02%
	RL	B	0.02%	0.05%	0.02%
	RLI	A	0.01%	0.03%	0.01%
	RNR	D	0.02%	0.06%	0.02%
	ROK	B	0.05%	0.09%	0.05%
	ROST	D	0.06%	0.26%	0.06%
	RPRX	F	0.02%	0.03%	0.02%
	RS	C	0.05%	0.16%	0.05%
	SAIA	B	0.01%	0.05%	0.01%
	SBUX	B	0.17%	0.52%	0.17%
	SEIC	A	0.01%	0.07%	0.01%
	SJM	F	0.05%	0.03%	0.03%
	SKX	F	0.02%	0.06%	0.02%
	SLB	C	0.13%	0.13%	0.13%
	SNA	A	0.04%	0.12%	0.04%
	SOLV	C	0.06%	0.11%	0.06%
	SPG	A	0.12%	0.2%	0.12%
	SPGI	C	0.17%	0.07%	0.07%
	STLD	C	0.08%	0.24%	0.08%
	SWKS	F	0.04%	0.08%	0.04%
	SYF	B	0.22%	0.12%	0.12%
	SYY	D	0.14%	0.34%	0.14%
	T	A	1.16%	0.7%	0.7%
	TAP	B	0.05%	0.03%	0.03%
	TER	F	0.02%	0.03%	0.02%
	TGT	C	0.29%	0.4%	0.29%
	THO	B	0.03%	0.03%	0.03%
	TJX	A	0.18%	0.8%	0.18%
	TOL	B	0.05%	0.08%	0.05%
	TPR	A	0.03%	0.11%	0.03%
	TROW	A	0.09%	0.25%	0.09%
	TSCO	D	0.05%	0.16%	0.05%
	TSLA	B	0.35%	0.62%	0.35%
	TSN	B	0.14%	0.04%	0.04%
	TT	B	0.1%	0.07%	0.07%
	TXN	B	0.36%	0.38%	0.36%
	TXRH	A	0.02%	0.06%	0.02%
	TXT	D	0.04%	0.06%	0.04%
	UAL	A	0.06%	0.09%	0.06%
	UHS	D	0.05%	0.05%	0.05%
	ULTA	C	0.02%	0.16%	0.02%
	UNH	B	1.08%	2.27%	1.08%
	UNP	D	0.26%	0.12%	0.12%
	UPS	C	0.33%	0.42%	0.33%
	URI	B	0.11%	0.22%	0.11%
	USFD	B	0.09%	0.04%	0.04%
	UTHR	B	0.04%	0.11%	0.04%
	V	A	0.25%	1.8%	0.25%
	VICI	D	0.07%	0.08%	0.07%
	VLO	C	0.32%	0.17%	0.17%
	VRTX	B	0.09%	0.23%	0.09%
	VST	B	0.14%	0.18%	0.14%
	VZ	D	1.18%	0.67%	0.67%
	WAT	B	0.02%	0.03%	0.02%
	WBD	B	0.15%	0.04%	0.04%
	WMT	A	1.15%	2.93%	1.15%
	WSM	F	0.03%	0.16%	0.03%
	WSO	B	0.03%	0.07%	0.03%
	WST	B	0.01%	0.08%	0.01%
	WTW	A	0.07%	0.03%	0.03%
	WY	F	0.09%	0.08%	0.08%
	WYNN	C	0.01%	0.04%	0.01%
	X	D	0.06%	0.04%	0.04%
	XOM	B	2.24%	3.23%	2.24%
	YUM	B	0.05%	0.05%	0.05%

PRF Overweight 660 Positions Relative to QARP

	Symbol	Grade	Weight
	JPM	A	2.14%
	BAC	A	1.34%
	WFC	A	1.23%
	C	B	1.14%
	GS	B	0.77%
	MS	A	0.56%
	IBM	D	0.54%
	AVGO	C	0.54%
	RTX	D	0.48%
	PEP	D	0.48%
	KO	F	0.47%
	DUK	D	0.4%
	NEE	D	0.38%
	DIS	B	0.38%
	F	C	0.38%
	USB	B	0.37%
	PNC	B	0.36%
	SO	D	0.36%
	TFC	B	0.35%
	MDT	D	0.35%
	TMUS	A	0.32%
	AIG	B	0.31%
	KMI	B	0.3%
	LIN	D	0.29%
	CB	C	0.29%
	AXP	B	0.29%
	HON	B	0.28%
	MET	C	0.28%
	BK	B	0.27%
	D	D	0.26%
	TMO	F	0.23%
	GE	D	0.23%
	PRU	B	0.23%
	CRM	B	0.23%
	WMB	B	0.23%
	TRV	B	0.23%
	AEP	D	0.21%
	FI	A	0.21%
	ALL	B	0.2%
	NFLX	A	0.2%
	EXC	C	0.2%
	AFL	C	0.2%
	DFS	B	0.2%
	GD	C	0.19%
	SRE	B	0.19%
	HPE	B	0.19%
	JCI	A	0.18%
	NEM	F	0.18%
	NOC	D	0.18%
	ETN	B	0.18%
	MDLZ	F	0.18%
	SCHW	B	0.17%
	OKE	A	0.17%
	CFG	B	0.16%
	STT	B	0.16%
	APD	B	0.16%
	DHR	F	0.16%
	WELL	B	0.16%
	EMR	A	0.15%
	FIS	B	0.15%
	PEG	C	0.15%
	ETR	B	0.15%
	PLD	D	0.15%
	AMT	F	0.15%
	ED	D	0.15%
	MTB	A	0.15%
	EIX	C	0.14%
	FITB	A	0.14%
	HIG	C	0.14%
	XEL	A	0.14%
	KHC	F	0.14%
	CEG	D	0.14%
	CME	B	0.14%
	THC	B	0.13%
	BDX	F	0.13%
	KKR	B	0.13%
	GLW	B	0.13%
	ZIM	B	0.13%
	DLR	C	0.13%
	PPL	A	0.13%
	NSC	B	0.13%
	BSX	A	0.12%
	HBAN	A	0.12%
	SYK	A	0.12%
	RF	A	0.12%
	WBA	D	0.12%
	ICE	C	0.12%
	CCI	F	0.12%
	LHX	B	0.12%
	PARA	B	0.12%
	BA	F	0.12%
	WM	A	0.12%
	LUMN	C	0.12%
	PH	A	0.11%
	WEC	B	0.11%
	PCG	A	0.11%
	NRG	C	0.11%
	VTR	C	0.11%
	CARR	C	0.11%
	KEY	B	0.11%
	WDC	D	0.11%
	O	D	0.1%
	NTRS	A	0.1%
	VTRS	B	0.1%
	DTE	D	0.1%
	EQIX	B	0.1%
	AMP	A	0.1%
	BG	D	0.1%
	TRGP	B	0.1%
	PFG	C	0.1%
	JXN	C	0.1%
	FE	D	0.1%
	ES	D	0.1%
	IRM	D	0.09%
	INTU	A	0.09%
	AEE	B	0.09%
	KDP	C	0.09%
	SHW	A	0.09%
	AER	B	0.09%
	MKL	A	0.08%
	UNM	A	0.08%
	KMX	B	0.08%
	IFF	F	0.08%
	FLEX	B	0.08%
	EQR	C	0.08%
	NXPI	F	0.08%
	AVB	B	0.08%
	AA	C	0.08%
	APH	B	0.08%
	OMC	A	0.08%
	ALLY	C	0.08%
	ARW	F	0.08%
	LNC	B	0.07%
	PPG	F	0.07%
	JEF	B	0.07%
	AJG	A	0.07%
	MRVL	B	0.07%
	MSI	B	0.07%
	LDOS	C	0.07%
	CAG	F	0.07%
	TDG	D	0.07%
	CMS	D	0.07%
	VFC	C	0.07%
	DOC	C	0.07%
	SWK	F	0.07%
	STX	D	0.07%
	EVRG	A	0.07%
	ECL	C	0.07%
	DG	F	0.06%
	ZTS	D	0.06%
	CMA	A	0.06%
	WCC	B	0.06%
	EQH	B	0.06%
	BAX	F	0.06%
	ORI	A	0.06%
	TDS	C	0.06%
	IQV	F	0.06%
	IVZ	B	0.06%
	PNW	A	0.06%
	CNH	D	0.06%
	LAD	B	0.06%
	RGA	A	0.06%
	WHR	B	0.06%
	CRBG	C	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	L	A	0.06%
	WAB	B	0.06%
	VNO	C	0.06%
	R	B	0.06%
	RSG	B	0.06%
	GPN	B	0.06%
	STZ	D	0.06%
	FYBR	D	0.06%
	SQ	B	0.06%
	EMN	D	0.06%
	RJF	A	0.06%
	JLL	C	0.06%
	ROP	A	0.06%
	BXP	D	0.06%
	FNF	C	0.06%
	EQT	B	0.06%
	ARE	F	0.06%
	IPG	F	0.05%
	ZION	B	0.05%
	HWM	B	0.05%
	INVH	D	0.05%
	BFH	B	0.05%
	VMC	B	0.05%
	ZBH	C	0.05%
	UGI	D	0.05%
	ESS	C	0.05%
	RCL	A	0.05%
	MPW	F	0.05%
	DXC	B	0.05%
	BAP	A	0.05%
	UBER	F	0.05%
	MAA	C	0.05%
	SFM	B	0.05%
	HBI	B	0.05%
	KIM	A	0.05%
	AN	C	0.05%
	LNT	C	0.05%
	AES	F	0.05%
	AFG	A	0.05%
	FHN	A	0.05%
	OMF	A	0.05%
	KD	A	0.05%
	DOV	A	0.05%
	HES	B	0.05%
	AWK	D	0.05%
	BEN	C	0.04%
	SUI	F	0.04%
	CPT	C	0.04%
	NOW	A	0.04%
	FMC	F	0.04%
	PBF	F	0.04%
	AVTR	F	0.04%
	CACI	C	0.04%
	UDR	C	0.04%
	DVA	C	0.04%
	SSNC	C	0.04%
	COHR	C	0.04%
	WPC	F	0.04%
	ZBRA	B	0.04%
	RMD	C	0.04%
	EXR	D	0.04%
	AVT	C	0.04%
	WRB	B	0.04%
	STWD	C	0.04%
	GT	C	0.04%
	ABG	B	0.04%
	SNV	B	0.04%
	FAF	C	0.04%
	REG	A	0.04%
	TMHC	B	0.04%
	KSS	D	0.04%
	TDY	B	0.04%
	AIZ	A	0.04%
	NWL	B	0.04%
	HAS	D	0.04%
	CCK	D	0.04%
	OGE	B	0.04%
	CCEP	C	0.04%
	TTWO	A	0.04%
	EWBC	B	0.04%
	SNX	C	0.04%
	GPI	B	0.04%
	BERY	D	0.04%
	MKC	D	0.04%
	AME	A	0.04%
	MLM	B	0.04%
	SLG	C	0.04%
	TWLO	B	0.04%
	BALL	D	0.04%
	APO	B	0.04%
	WTFC	B	0.03%
	DASH	A	0.03%
	ILMN	C	0.03%
	HUN	F	0.03%
	GL	B	0.03%
	CUZ	B	0.03%
	BHF	B	0.03%
	AXTA	A	0.03%
	BIO	C	0.03%
	DAR	B	0.03%
	ALV	C	0.03%
	TGNA	B	0.03%
	ELAN	C	0.03%
	VRSK	A	0.03%
	CMC	B	0.03%
	FOX	A	0.03%
	BRO	B	0.03%
	VLY	B	0.03%
	ZM	B	0.03%
	MAN	F	0.03%
	STE	D	0.03%
	ICLR	F	0.03%
	KRC	C	0.03%
	AKAM	F	0.03%
	SCI	B	0.03%
	WTRG	C	0.03%
	AL	B	0.03%
	CNO	B	0.03%
	CTLT	D	0.03%
	GNRC	B	0.03%
	PNFP	B	0.03%
	GXO	B	0.03%
	RIG	C	0.03%
	TRMB	B	0.03%
	SPOT	A	0.03%
	WU	F	0.03%
	XYL	F	0.03%
	PNR	A	0.03%
	NXST	C	0.03%
	FNB	B	0.03%
	BECN	B	0.03%
	GEO	B	0.03%
	PB	B	0.03%
	CNX	B	0.03%
	JWN	B	0.03%
	BPOP	C	0.03%
	LBRDK	C	0.03%
	NWSA	B	0.03%
	AXS	A	0.03%
	FSLR	F	0.03%
	BRX	A	0.03%
	COOP	B	0.03%
	CG	B	0.03%
	RRX	B	0.03%
	EFX	F	0.03%
	BAH	C	0.03%
	OHI	C	0.03%
	PENN	B	0.03%
	HOOD	B	0.03%
	SANM	C	0.03%
	TRU	D	0.03%
	BR	A	0.03%
	GPK	D	0.03%
	AVY	F	0.03%
	FTV	C	0.03%
	MTH	D	0.03%
	CZR	F	0.03%
	SNPS	C	0.03%
	HUBB	C	0.03%
	WAL	B	0.03%
	VOYA	B	0.03%
	HLT	A	0.03%
	CPAY	A	0.03%
	FLR	C	0.03%
	RPM	A	0.03%
	HRL	F	0.03%
	DTM	A	0.03%
	RVTY	C	0.03%
	CHD	A	0.03%
	OGN	F	0.03%
	IR	A	0.03%
	HSIC	F	0.03%
	SF	A	0.03%
	NDAQ	B	0.03%
	WBS	A	0.03%
	TTC	F	0.02%
	APG	C	0.02%
	WWD	B	0.02%
	ARES	B	0.02%
	RGLD	C	0.02%
	RIVN	F	0.02%
	OUT	B	0.02%
	CATY	B	0.02%
	TFX	F	0.02%
	MC	B	0.02%
	TKR	F	0.02%
	PCH	F	0.02%
	SMG	D	0.02%
	ESAB	B	0.02%
	REZI	A	0.02%
	ADNT	D	0.02%
	APLE	B	0.02%
	AIT	A	0.02%
	GHC	B	0.02%
	KNF	C	0.02%
	HE	F	0.02%
	RH	C	0.02%
	AVA	C	0.02%
	ESNT	D	0.02%
	Z	B	0.02%
	EPR	D	0.02%
	CDP	C	0.02%
	LW	B	0.02%
	HUBG	A	0.02%
	GRAB	A	0.02%
	SFNC	B	0.02%
	NJR	A	0.02%
	MDU	D	0.02%
	HP	C	0.02%
	ASGN	D	0.02%
	SIG	B	0.02%
	IAC	F	0.02%
	GATX	B	0.02%
	NDSN	B	0.02%
	TTMI	B	0.02%
	GMS	B	0.02%
	ADC	A	0.02%
	FLO	F	0.02%
	ALLE	D	0.02%
	OI	C	0.02%
	KRG	B	0.02%
	RUSHA	B	0.02%
	FULT	B	0.02%
	NWE	C	0.02%
	NAVI	D	0.02%
	DY	C	0.02%
	ALE	A	0.02%
	SLGN	B	0.02%
	PAG	B	0.02%
	AGO	B	0.02%
	COLD	F	0.02%
	MELI	D	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	LITE	B	0.02%
	ABCB	B	0.02%
	VAC	B	0.02%
	MKSI	C	0.02%
	CRL	C	0.02%
	CHKP	C	0.02%
	AGR	C	0.02%
	TYL	B	0.02%
	VMI	B	0.02%
	ST	F	0.02%
	QRVO	F	0.02%
	FHB	B	0.02%
	CXW	B	0.02%
	SR	C	0.02%
	CC	C	0.02%
	WKC	C	0.02%
	UMBF	B	0.02%
	NVST	C	0.02%
	UNFI	B	0.02%
	HCC	C	0.02%
	TRN	B	0.02%
	CBT	C	0.02%
	NSIT	F	0.02%
	PNM	B	0.02%
	HLF	C	0.02%
	UHAL	D	0.02%
	AVNT	B	0.02%
	COLB	A	0.02%
	MIDD	D	0.02%
	GME	C	0.02%
	PHIN	B	0.02%
	KMPR	A	0.02%
	SM	C	0.02%
	PLXS	C	0.02%
	PRI	B	0.02%
	GDDY	B	0.02%
	OGS	B	0.02%
	HRI	C	0.02%
	ELS	B	0.02%
	JAZZ	B	0.02%
	SEM	C	0.02%
	BC	D	0.02%
	BKU	A	0.02%
	SEE	C	0.02%
	CR	B	0.02%
	CW	C	0.02%
	VRT	B	0.02%
	BTU	C	0.02%
	AAP	C	0.02%
	NVT	C	0.02%
	MHO	D	0.02%
	TCBI	B	0.02%
	LII	B	0.02%
	MAT	C	0.02%
	CBSH	A	0.02%
	NNN	F	0.02%
	SOFI	B	0.02%
	SBAC	D	0.02%
	ATR	A	0.02%
	HOG	D	0.02%
	CUBE	D	0.02%
	POST	D	0.02%
	SLVM	C	0.02%
	NOV	C	0.02%
	TNL	A	0.02%
	SLM	A	0.02%
	FL	F	0.02%
	KEX	A	0.02%
	IDA	A	0.02%
	KBR	D	0.02%
	OZK	B	0.02%
	IT	B	0.02%
	FLS	B	0.02%
	GBCI	B	0.02%
	RDN	C	0.02%
	PRGO	C	0.02%
	UFPI	B	0.02%
	IEX	B	0.02%
	HWC	B	0.02%
	SCCO	F	0.02%
	MUR	D	0.02%
	BKH	A	0.02%
	THG	A	0.02%
	XPO	B	0.02%
	SAIC	D	0.02%
	VLTO	D	0.02%
	BXMT	D	0.02%
	BCC	B	0.02%
	AMH	C	0.02%
	ASB	B	0.02%
	UBSI	B	0.02%
	FBIN	F	0.02%
	CADE	B	0.02%
	NFG	D	0.02%
	CIEN	B	0.02%
	SON	F	0.02%
	SBRA	C	0.02%
	VSCO	B	0.02%
	POR	D	0.02%
	CSGP	F	0.02%
	ANSS	B	0.02%
	MAC	B	0.02%
	TPH	C	0.02%
	KBH	D	0.02%
	DEI	B	0.02%
	SWX	B	0.02%
	GNW	B	0.02%
	ABM	B	0.02%
	ONB	B	0.02%
	EHC	B	0.02%
	HIW	D	0.02%
	CAR	C	0.02%
	CWK	C	0.02%
	FTI	B	0.02%
	SSB	B	0.02%
	AGNC	C	0.02%
	CLH	B	0.02%
	CFR	B	0.02%
	MLI	B	0.02%
	FRT	B	0.02%
	PK	C	0.02%
	NUS	C	0.01%
	HELE	C	0.01%
	CNXC	F	0.01%
	CLVT	F	0.01%
	HEI	A	0.01%
	JELD	F	0.01%
	ZG	B	0.01%
	OPCH	F	0.01%
	DXCM	C	0.01%
	BGS	F	0.01%
	AMR	C	0.01%
	SNOW	C	0.01%
	VSAT	F	0.01%
	XP	F	0.01%
	OPEN	F	0.01%
	STNE	F	0.01%
	ARCB	C	0.01%
	HEI	A	0.01%
	CRI	D	0.01%
	ODP	F	0.01%
	WSC	F	0.01%
	IGT	F	0.01%
	GTN	F	0.01%
	ACHC	F	0.01%
	AMN	F	0.01%
	MLKN	D	0.01%
	HTZ	C	0.01%
	CBRL	C	0.01%
	RLJ	C	0.01%
	VSTS	D	0.01%
	XRAY	F	0.01%
	LGIH	F	0.01%
	NSP	F	0.01%
	NWS	B	0.01%
	DIOD	F	0.01%
	URBN	C	0.01%
	CPRI	F	0.01%
	TROX	F	0.01%
	EGP	D	0.01%
	AMKR	F	0.01%
	OMI	F	0.01%
	HPP	F	0.01%
	UA	B	0.01%
	ATKR	C	0.01%
	ARI	C	0.01%
	CABO	B	0.01%
	BXC	B	0.01%
	AXL	C	0.01%
	UAA	B	0.01%
	PDCO	F	0.01%
	UVV	B	0.01%
	CRC	B	0.01%
	SITE	D	0.01%
	W	F	0.01%
	DRH	C	0.01%
	ENOV	C	0.01%
	CSTM	F	0.01%
	PMT	D	0.01%
	CCS	F	0.01%
	LXP	D	0.01%
	DAN	D	0.01%
	BMRN	F	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	ASH	F	0.01%
	EEFT	C	0.01%
	CGNX	C	0.01%
	BYD	A	0.01%
	WEX	D	0.01%
	ASO	F	0.01%
	FR	D	0.01%
	LFUS	D	0.01%
	RYN	F	0.01%
	MTCH	F	0.01%
	PFSI	D	0.01%
	IDXX	F	0.01%
	APAM	B	0.01%
	SPB	A	0.01%
	ENTG	F	0.01%
	TPX	B	0.01%
	TEX	D	0.01%
	FUL	F	0.01%
	OKTA	C	0.01%
	AEO	F	0.01%
	PTC	B	0.01%
	GEF	B	0.01%
	PECO	B	0.01%
	ENS	D	0.01%
	SBH	A	0.01%
	UCB	B	0.01%
	KMT	B	0.01%
	UNIT	C	0.01%
	LCII	D	0.01%
	ALIT	C	0.01%
	NOMD	F	0.01%
	MTDR	B	0.01%
	JBGS	F	0.01%
	PPBI	B	0.01%
	RRC	B	0.01%
	RUN	F	0.01%
	ATI	F	0.01%
	WH	A	0.01%
	FIBK	B	0.01%
	THS	F	0.01%
	SIGI	B	0.01%
	ABR	B	0.01%
	BOKF	B	0.01%
	GTLS	B	0.01%
	ESI	B	0.01%
	VYX	B	0.01%
	AUB	A	0.01%
	AM	B	0.01%
	XRX	F	0.01%
	CIVI	D	0.01%
	FFBC	B	0.01%
	WERN	B	0.01%
	STAG	D	0.01%
	ARCH	B	0.01%
	INDB	B	0.01%
	BWXT	B	0.01%
	WDAY	B	0.01%
	BDN	D	0.01%
	MTN	C	0.01%
	BCO	F	0.01%
	WLK	F	0.01%
	VNT	C	0.01%
	IRT	A	0.01%
	VEEV	B	0.01%
	ESGR	B	0.01%
	DK	D	0.01%
	MMS	F	0.01%
	LEG	F	0.01%
	RXO	C	0.01%
	REXR	F	0.01%
	UHAL	D	0.0%
	SEDG	F	0.0%
	SMCI	F	0.0%
	PARR	F	0.0%
	LBRDA	C	0.0%

PRF Underweight 25 Positions Relative to QARP

	Symbol	Grade	Weight
	KVUE	A	-0.21%
	FICO	B	-0.07%
	EXP	B	-0.06%
	MKTX	C	-0.06%
	VRSN	C	-0.06%
	CHE	D	-0.04%
	NYT	C	-0.04%
	ROL	C	-0.04%
	COKE	C	-0.04%
	PAYC	B	-0.04%
	HLI	B	-0.04%
	ALK	A	-0.04%
	DBX	B	-0.04%
	FIX	B	-0.04%
	SSD	F	-0.03%
	CRUS	F	-0.03%
	LOPE	B	-0.03%
	CROX	F	-0.03%
	TTEK	F	-0.03%
	VVV	B	-0.03%
	MEDP	D	-0.03%
	KNSL	C	-0.03%
	AMCR	D	-0.03%
	NEU	C	-0.02%
	IWB	A	-0.0%

PRF: Top Represented Industries & Keywords

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

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

QARP: Top Represented Industries & Keywords

Industries: Specialty Retail Oil & Gas E&P Semiconductors Drug Manufacturers - Major Capital Markets Diversified Industrials Restaurants Biotechnology Business Services Engineering & Construction Health Care Plans Auto Parts Building Materials Diagnostics & Research Household & Personal Products Integrated Shipping & Logistics Software - Application Software - Infrastructure Airlines Apparel Stores

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electronics Chemical Building Materials Insurance Retailing Semiconductor Mining Construction Transport Clothing Petroleum Industry Telecommunications Aerospace Medicine Mobile Devices