PRF vs. QDF ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to FlexShares Quality Dividend Index Fund (QDF)

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

$42.88

Average Daily Volume

209,512

Number of Holdings ^*

982

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$73.29

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	PRF	QDF
30 Days	4.02%	1.66%
60 Days	5.08%	2.62%
90 Days	6.89%	4.00%
12 Months	30.29%	26.92%

113 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in QDF	Overlap
AAPL	C	2.3%	8.54%	2.3%
ABBV	D	0.57%	2.58%	0.57%
ACN	C	0.25%	1.93%	0.25%
ADP	B	0.14%	1.11%	0.14%
AFL	B	0.2%	0.62%	0.2%
ALLY	C	0.08%	0.37%	0.08%
APLE	B	0.02%	0.35%	0.02%
AVB	B	0.08%	0.58%	0.08%
AVGO	D	0.5%	0.88%	0.5%
BAC	A	1.37%	0.02%	0.02%
BBWI	D	0.02%	0.01%	0.01%
BK	A	0.27%	0.68%	0.27%
BKNG	A	0.1%	0.07%	0.07%
BPOP	B	0.03%	0.48%	0.03%
BR	A	0.03%	0.3%	0.03%
CAT	B	0.34%	0.75%	0.34%
CFR	B	0.02%	0.42%	0.02%
CHRW	C	0.08%	0.55%	0.08%
CL	D	0.13%	0.15%	0.13%
CMA	A	0.06%	0.58%	0.06%
COP	C	0.42%	0.04%	0.04%
COR	B	0.26%	0.14%	0.14%
COST	B	0.56%	0.24%	0.24%
CPT	B	0.04%	0.51%	0.04%
CTAS	B	0.06%	0.39%	0.06%
CUBE	D	0.02%	0.37%	0.02%
D	C	0.26%	0.59%	0.26%
DPZ	C	0.02%	0.17%	0.02%
DVN	F	0.1%	0.46%	0.1%
EA	A	0.04%	0.58%	0.04%
EBAY	D	0.09%	0.58%	0.09%
EIX	B	0.14%	0.34%	0.14%
EQR	B	0.08%	0.55%	0.08%
EVRG	A	0.08%	0.42%	0.08%
FAF	A	0.04%	0.47%	0.04%
FAST	B	0.06%	0.68%	0.06%
FIS	C	0.15%	0.62%	0.15%
GEN	B	0.06%	0.58%	0.06%
GILD	C	0.37%	1.0%	0.37%
GOOG	C	0.89%	1.63%	0.89%
GOOGL	C	1.03%	1.84%	1.03%
HD	A	0.73%	1.77%	0.73%
HRB	D	0.02%	0.17%	0.02%
HST	C	0.04%	0.41%	0.04%
INTU	C	0.09%	1.74%	0.09%
IPG	D	0.04%	0.45%	0.04%
ITW	B	0.12%	0.74%	0.12%
IVZ	B	0.06%	0.51%	0.06%
JHG	A	0.03%	0.6%	0.03%
JNJ	D	0.92%	3.01%	0.92%
JPM	A	2.2%	0.75%	0.75%
KLAC	D	0.05%	0.76%	0.05%
KO	D	0.47%	2.16%	0.47%
LMT	D	0.34%	0.62%	0.34%
LNC	B	0.07%	0.39%	0.07%
LOW	D	0.34%	1.27%	0.34%
LRCX	F	0.07%	0.87%	0.07%
MA	C	0.17%	0.26%	0.17%
MAA	B	0.05%	0.55%	0.05%
MAR	B	0.06%	0.05%	0.05%
MCHP	D	0.05%	0.45%	0.05%
MET	A	0.29%	0.56%	0.29%
META	D	0.96%	3.1%	0.96%
MMM	D	0.42%	0.65%	0.42%
MO	A	0.52%	0.89%	0.52%
MPC	D	0.31%	0.54%	0.31%
MRK	F	0.41%	0.45%	0.41%
MS	A	0.58%	0.98%	0.58%
MSFT	F	1.86%	4.91%	1.86%
NKE	D	0.12%	0.83%	0.12%
NNN	D	0.02%	0.23%	0.02%
NTAP	C	0.06%	0.22%	0.06%
NUE	C	0.12%	0.42%	0.12%
NVDA	C	0.26%	5.81%	0.26%
NXPI	D	0.08%	0.52%	0.08%
OGE	B	0.04%	0.51%	0.04%
OHI	C	0.03%	0.52%	0.03%
OLN	D	0.03%	0.25%	0.03%
OMF	A	0.05%	0.52%	0.05%
ORI	A	0.06%	0.55%	0.06%
PAYX	C	0.07%	0.63%	0.07%
PEG	A	0.15%	0.61%	0.15%
PFG	D	0.1%	0.39%	0.1%
PG	A	0.71%	3.03%	0.71%
PM	B	0.66%	1.41%	0.66%
PNW	B	0.06%	0.16%	0.06%
POOL	C	0.02%	0.44%	0.02%
PRU	A	0.23%	0.61%	0.23%
PSA	D	0.07%	0.6%	0.07%
QCOM	F	0.31%	1.68%	0.31%
RDN	C	0.02%	0.49%	0.02%
RHI	B	0.02%	0.38%	0.02%
RMD	C	0.03%	0.17%	0.03%
SBUX	A	0.17%	0.76%	0.17%
SCCO	F	0.02%	0.36%	0.02%
SMG	D	0.02%	0.5%	0.02%
SNA	A	0.04%	0.56%	0.04%
STWD	C	0.04%	0.49%	0.04%
SWKS	F	0.03%	0.4%	0.03%
TPR	B	0.04%	0.57%	0.04%
TT	A	0.1%	0.43%	0.1%
UGI	A	0.05%	0.49%	0.05%
UNP	C	0.25%	1.24%	0.25%
V	A	0.25%	0.4%	0.25%
VLO	C	0.33%	0.55%	0.33%
VRT	B	0.02%	0.83%	0.02%
WMT	A	1.16%	0.13%	0.13%
WSM	B	0.03%	0.43%	0.03%
WTW	B	0.07%	0.56%	0.07%
WU	D	0.03%	0.45%	0.03%
WY	D	0.09%	0.42%	0.09%
XOM	B	2.24%	0.5%	0.5%
ZTS	D	0.06%	0.74%	0.06%

PRF Overweight 869 Positions Relative to QDF

Symbol	Grade	Weight
BRK.A	B	2.34%
AMZN	C	1.74%
WFC	A	1.29%
VZ	C	1.19%
T	A	1.18%
CVX	A	1.16%
C	A	1.14%
UNH	C	1.06%
GM	B	0.79%
GS	A	0.78%
CMCSA	B	0.78%
PFE	D	0.77%
CSCO	B	0.64%
IBM	C	0.53%
CVS	D	0.53%
PEP	F	0.48%
RTX	C	0.47%
INTC	D	0.45%
MCK	B	0.45%
BMY	B	0.42%
DIS	B	0.42%
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%
CI	F	0.37%
TFC	A	0.36%
SO	D	0.36%
MDT	D	0.35%
TXN	C	0.34%
BLK	C	0.33%
TMUS	B	0.33%
ABT	B	0.32%
AMGN	D	0.32%
UPS	C	0.32%
ORCL	B	0.32%
AIG	B	0.31%
FDX	B	0.31%
MU	D	0.31%
KR	B	0.31%
HON	B	0.3%
CB	C	0.3%
KMI	A	0.3%
MCD	D	0.29%
PSX	C	0.29%
CAH	B	0.29%
TGT	F	0.29%
AXP	A	0.29%
LIN	D	0.28%
ELV	F	0.28%
EOG	A	0.27%
CRM	B	0.25%
PGR	A	0.25%
CHTR	C	0.25%
WMB	A	0.24%
TRV	B	0.24%
SYF	B	0.23%
GE	D	0.23%
CNC	D	0.22%
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%
ALL	A	0.2%
PYPL	B	0.2%
AEP	D	0.2%
HPQ	B	0.19%
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%
DD	D	0.17%
NOC	D	0.17%
SPGI	C	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%
VST	B	0.15%
AMD	F	0.15%
AMT	D	0.15%
ETR	B	0.15%
ED	D	0.15%
PLD	D	0.15%
TSN	B	0.15%
CMI	A	0.15%
IP	B	0.15%
HCA	F	0.15%
CSX	B	0.14%
SYY	B	0.14%
BBY	D	0.14%
PPL	B	0.14%
KHC	F	0.14%
LYB	F	0.14%
FCX	D	0.14%
HIG	B	0.14%
PCAR	B	0.14%
FITB	A	0.14%
HUM	C	0.14%
CME	A	0.14%
CBRE	B	0.13%
WM	A	0.13%
BDX	F	0.13%
KKR	A	0.13%
OXY	D	0.13%
ZIM	C	0.13%
GIS	D	0.13%
DLR	B	0.13%
NSC	B	0.13%
MMC	B	0.13%
SLB	C	0.13%
KMB	D	0.13%
CEG	D	0.13%
BX	A	0.13%
BKR	B	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%
AMAT	F	0.12%
GLW	B	0.12%
ES	D	0.11%
NRG	B	0.11%
PH	A	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%
ADBE	C	0.11%
EQIX	A	0.1%
O	D	0.1%
DTE	C	0.1%
NTRS	A	0.1%
CTSH	B	0.1%
AMP	A	0.1%
REGN	F	0.1%
BG	F	0.1%
FE	C	0.1%
WDC	D	0.1%
TRGP	B	0.1%
GEV	B	0.1%
VRTX	F	0.09%
USFD	A	0.09%
AER	B	0.09%
BIIB	F	0.09%
VTRS	A	0.09%
KDP	D	0.09%
SHW	A	0.09%
TROW	B	0.09%
AEE	A	0.09%
JXN	C	0.09%
CTVA	C	0.09%
GEHC	F	0.08%
FLEX	A	0.08%
PFGC	B	0.08%
FANG	D	0.08%
CINF	A	0.08%
ISRG	A	0.08%
IFF	D	0.08%
ARW	D	0.08%
K	A	0.08%
APH	A	0.08%
KMX	B	0.08%
MKL	A	0.08%
UNM	A	0.08%
IRM	D	0.08%
OMC	C	0.08%
PPG	F	0.07%
GPN	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%
STX	D	0.07%
SWK	D	0.07%
AZO	C	0.07%
DOC	D	0.07%
CAG	D	0.07%
AJG	B	0.07%
EQT	B	0.07%
JEF	A	0.07%
AON	A	0.07%
VICI	C	0.07%
SQ	B	0.07%
MSI	B	0.07%
CMS	C	0.07%
CTRA	B	0.07%
MRO	B	0.07%
STLD	B	0.07%
ACGL	D	0.07%
PHM	D	0.07%
CCL	B	0.07%
CNP	B	0.07%
ACI	C	0.07%
AA	B	0.07%
ECL	D	0.07%
BLDR	D	0.06%
MHK	D	0.06%
EQH	B	0.06%
GWW	B	0.06%
WCC	B	0.06%
ATO	A	0.06%
OTIS	C	0.06%
LH	C	0.06%
VNO	B	0.06%
MOS	F	0.06%
CRBG	B	0.06%
CF	B	0.06%
PWR	A	0.06%
MCO	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%
ORLY	B	0.06%
WHR	B	0.06%
L	A	0.06%
BXP	D	0.06%
NI	A	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%
INVH	D	0.05%
DXC	B	0.05%
TSCO	D	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%
UBER	D	0.05%
ZION	B	0.05%
CLX	B	0.05%
NVR	D	0.05%
ACM	A	0.05%
ESS	B	0.05%
UHS	D	0.05%
X	C	0.05%
RS	B	0.05%
ROK	B	0.05%
MOH	F	0.05%
SFM	A	0.05%
BAP	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%
RCL	A	0.05%
YUM	B	0.05%
AES	F	0.05%
CNH	C	0.05%
IQV	D	0.05%
SOLV	C	0.05%
DOV	A	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%
GPC	D	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%
WPC	D	0.04%
DINO	D	0.04%
GT	C	0.04%
WBS	A	0.04%
SSNC	B	0.04%
PBF	D	0.04%
NOW	A	0.04%
ZBRA	B	0.04%
HOLX	D	0.04%
UDR	B	0.04%
DVA	B	0.04%
EXR	D	0.04%
A	D	0.04%
UTHR	C	0.04%
WRB	A	0.04%
LEA	D	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%
EXPE	B	0.04%
CDW	F	0.04%
SNX	C	0.04%
APTV	D	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%
MGM	D	0.04%
CASY	A	0.04%
EXPD	D	0.04%
LKQ	D	0.04%
SLG	B	0.04%
MRNA	F	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%
TXT	D	0.04%
GPI	A	0.04%
AR	B	0.04%
HSY	F	0.04%
MTZ	B	0.04%
VMC	B	0.04%
MPW	F	0.04%
DAL	C	0.04%
AME	A	0.04%
PK	B	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%
DASH	A	0.03%
MAN	D	0.03%
CLF	F	0.03%
KRC	C	0.03%
WTFC	A	0.03%
GAP	C	0.03%
BRO	B	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%
BAH	F	0.03%
CAR	C	0.03%
TRMB	B	0.03%
GXO	B	0.03%
GNRC	B	0.03%
ZM	B	0.03%
XYL	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%
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%
KEYS	A	0.03%
RRX	B	0.03%
PB	A	0.03%
EFX	F	0.03%
BRX	A	0.03%
AXS	A	0.03%
GEO	B	0.03%
HUBB	B	0.03%
CZR	F	0.03%
AVY	D	0.03%
GPK	C	0.03%
MTH	D	0.03%
LPLA	A	0.03%
SNPS	B	0.03%
WSO	A	0.03%
CMG	B	0.03%
RVTY	F	0.03%
CACI	D	0.03%
BURL	A	0.03%
MNST	C	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%
JNPR	F	0.03%
PENN	C	0.03%
FTV	C	0.03%
CSL	C	0.03%
FMC	D	0.03%
VOYA	B	0.03%
HSIC	B	0.03%
WAL	B	0.03%
AVTR	F	0.03%
CPB	D	0.03%
ANET	C	0.03%
COHR	B	0.03%
SPOT	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%
DTM	B	0.03%
NDAQ	A	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%
WDAY	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%
CATY	B	0.02%
RIVN	F	0.02%
TTMI	B	0.02%
ALGN	D	0.02%
DK	C	0.02%
OUT	A	0.02%
EPR	D	0.02%
LNW	D	0.02%
AIT	A	0.02%
ADNT	F	0.02%
ESNT	D	0.02%
GHC	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%
MTD	D	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%
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%
WAT	B	0.02%
FHB	A	0.02%
LUV	C	0.02%
RL	B	0.02%
ITT	A	0.02%
AGO	B	0.02%
MELI	D	0.02%
UMBF	B	0.02%
UNFI	A	0.02%
DECK	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%
COLB	A	0.02%
PHIN	A	0.02%
SM	B	0.02%
PRI	A	0.02%
LYV	A	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%
LII	A	0.02%
GDDY	A	0.02%
HOG	D	0.02%
SBAC	D	0.02%
LITE	B	0.02%
CBOE	B	0.02%
G	B	0.02%
ADSK	A	0.02%
TER	D	0.02%
NOV	C	0.02%
JAZZ	B	0.02%
ATR	B	0.02%
POST	C	0.02%
KMPR	B	0.02%
EXEL	B	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%
IT	C	0.02%
CBSH	A	0.02%
BXMT	C	0.02%
TCBI	B	0.02%
OZK	B	0.02%
UFPI	B	0.02%
INCY	C	0.02%
CDNS	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%
KEX	C	0.02%
IEX	B	0.02%
PVH	C	0.02%
AMG	B	0.02%
MUR	D	0.02%
SBRA	C	0.02%
VLTO	D	0.02%
FFIV	B	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%
ILMN	D	0.02%
CADE	B	0.02%
EL	F	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%
MLI	C	0.02%
HII	D	0.02%
ULTA	F	0.02%
ONB	B	0.02%
SSB	B	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%
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%
NWS	B	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%
IDXX	F	0.01%
FR	C	0.01%
AEO	F	0.01%
BYD	C	0.01%
APAM	B	0.01%
MTCH	D	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%
ABNB	C	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%
FTNT	C	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 14 Positions Relative to QDF

Symbol	Grade	Weight
VIRT	B	-0.6%
KTB	B	-0.6%
NSA	D	-0.49%
WDFC	B	-0.47%
WMS	D	-0.36%
IRDM	D	-0.31%
NEP	F	-0.3%
WING	D	-0.2%
PAYC	B	-0.16%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
STNG	F	-0.02%