PRF vs. VFVA ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Vanguard Wellington Fund ETF (VFVA)

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

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$128.27

Average Daily Volume

12,937

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

Performance

Period	PRF	VFVA
30 Days	4.02%	6.78%
60 Days	5.08%	7.36%
90 Days	6.89%	7.38%
12 Months	30.29%	28.66%

360 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in VFVA	Overlap
	ABCB	B	0.02%	0.16%	0.02%
	ABG	B	0.04%	0.15%	0.04%
	ACGL	D	0.07%	0.2%	0.07%
	ADM	D	0.21%	0.23%	0.21%
	ADNT	F	0.02%	0.19%	0.02%
	AEO	F	0.01%	0.18%	0.01%
	AFL	B	0.2%	0.09%	0.09%
	AGCO	D	0.03%	0.18%	0.03%
	AIG	B	0.31%	0.51%	0.31%
	AL	B	0.03%	0.41%	0.03%
	ALIT	C	0.01%	0.14%	0.01%
	ALL	A	0.2%	0.17%	0.17%
	ALLY	C	0.08%	0.25%	0.08%
	ALSN	B	0.03%	0.16%	0.03%
	AMG	B	0.02%	0.21%	0.02%
	AMKR	D	0.01%	0.07%	0.01%
	AMR	C	0.01%	0.2%	0.01%
	ANDE	D	0.01%	0.12%	0.01%
	ANET	C	0.03%	0.03%	0.03%
	APA	D	0.04%	0.22%	0.04%
	APO	B	0.05%	0.05%	0.05%
	APTV	D	0.04%	0.14%	0.04%
	AR	B	0.04%	0.13%	0.04%
	ARCB	C	0.01%	0.08%	0.01%
	ARW	D	0.08%	0.43%	0.08%
	ASB	B	0.02%	0.13%	0.02%
	ASGN	F	0.02%	0.05%	0.02%
	ASO	F	0.01%	0.21%	0.01%
	ATKR	C	0.01%	0.26%	0.01%
	AUB	B	0.01%	0.09%	0.01%
	AVT	C	0.04%	0.25%	0.04%
	AXL	C	0.01%	0.16%	0.01%
	AXS	A	0.03%	0.26%	0.03%
	AZO	C	0.07%	0.26%	0.07%
	BAC	A	1.37%	0.76%	0.76%
	BBWI	D	0.02%	0.18%	0.02%
	BC	C	0.02%	0.18%	0.02%
	BCC	B	0.02%	0.07%	0.02%
	BDX	F	0.13%	0.29%	0.13%
	BEN	C	0.04%	0.05%	0.04%
	BERY	B	0.04%	0.38%	0.04%
	BFH	B	0.04%	0.17%	0.04%
	BG	F	0.1%	0.27%	0.1%
	BGS	F	0.01%	0.13%	0.01%
	BHF	B	0.03%	0.22%	0.03%
	BK	A	0.27%	0.5%	0.27%
	BKU	A	0.02%	0.15%	0.02%
	BLDR	D	0.06%	0.08%	0.06%
	BMY	B	0.42%	0.46%	0.42%
	BOKF	B	0.01%	0.08%	0.01%
	BPOP	B	0.03%	0.06%	0.03%
	BTU	B	0.02%	0.17%	0.02%
	BWA	D	0.05%	0.25%	0.05%
	BXC	B	0.01%	0.16%	0.01%
	BYD	C	0.01%	0.18%	0.01%
	C	A	1.14%	0.72%	0.72%
	CADE	B	0.02%	0.16%	0.02%
	CAG	D	0.07%	0.16%	0.07%
	CAH	B	0.29%	0.26%	0.26%
	CATY	B	0.02%	0.09%	0.02%
	CB	C	0.3%	0.48%	0.3%
	CC	C	0.02%	0.02%	0.02%
	CCL	B	0.07%	0.23%	0.07%
	CCS	D	0.01%	0.18%	0.01%
	CE	F	0.02%	0.3%	0.02%
	CF	B	0.06%	0.18%	0.06%
	CFG	B	0.16%	0.13%	0.13%
	CG	A	0.03%	0.03%	0.03%
	CHRD	D	0.02%	0.18%	0.02%
	CI	F	0.37%	0.66%	0.37%
	CIVI	D	0.01%	0.33%	0.01%
	CLF	F	0.03%	0.21%	0.03%
	CMA	A	0.06%	0.15%	0.06%
	CMC	B	0.03%	0.19%	0.03%
	CMCSA	B	0.78%	0.68%	0.68%
	CNC	D	0.22%	0.22%	0.22%
	CNH	C	0.05%	0.16%	0.05%
	CNO	A	0.03%	0.04%	0.03%
	CNXC	F	0.01%	0.06%	0.01%
	COF	B	0.41%	0.66%	0.41%
	COHR	B	0.03%	0.07%	0.03%
	COLB	A	0.02%	0.34%	0.02%
	COOP	B	0.03%	0.13%	0.03%
	COP	C	0.42%	0.65%	0.42%
	CRBG	B	0.06%	0.02%	0.02%
	CRC	B	0.01%	0.15%	0.01%
	CSCO	B	0.64%	0.14%	0.14%
	CSTM	F	0.01%	0.1%	0.01%
	CTRA	B	0.07%	0.19%	0.07%
	CVS	D	0.53%	0.74%	0.53%
	CVX	A	1.16%	0.7%	0.7%
	CWK	B	0.02%	0.08%	0.02%
	CXW	B	0.02%	0.07%	0.02%
	DAL	C	0.04%	0.2%	0.04%
	DAN	D	0.01%	0.17%	0.01%
	DAR	C	0.03%	0.17%	0.03%
	DE	A	0.22%	0.15%	0.15%
	DG	F	0.05%	0.02%	0.02%
	DGX	A	0.07%	0.03%	0.03%
	DHI	D	0.12%	0.31%	0.12%
	DINO	D	0.04%	0.16%	0.04%
	DIS	B	0.42%	0.4%	0.4%
	DLTR	F	0.04%	0.1%	0.04%
	DOW	F	0.18%	0.18%	0.18%
	DTM	B	0.03%	0.17%	0.03%
	DVN	F	0.1%	0.08%	0.08%
	DXC	B	0.05%	0.23%	0.05%
	EBAY	D	0.09%	0.05%	0.05%
	EG	C	0.05%	0.17%	0.05%
	ELAN	D	0.03%	0.14%	0.03%
	ELV	F	0.28%	0.07%	0.07%
	EMN	D	0.06%	0.09%	0.06%
	EMR	A	0.15%	0.14%	0.14%
	ENS	D	0.01%	0.12%	0.01%
	EOG	A	0.27%	0.75%	0.27%
	EQH	B	0.06%	0.07%	0.06%
	EQT	B	0.07%	0.17%	0.07%
	ESI	A	0.01%	0.03%	0.01%
	ESNT	D	0.02%	0.45%	0.02%
	EWBC	A	0.04%	0.08%	0.04%
	F	C	0.39%	0.68%	0.39%
	FAF	A	0.04%	0.08%	0.04%
	FANG	D	0.08%	0.3%	0.08%
	FCNCA	A	0.03%	0.12%	0.03%
	FCX	D	0.14%	0.43%	0.14%
	FDX	B	0.31%	0.89%	0.31%
	FFBC	A	0.01%	0.2%	0.01%
	FHN	A	0.05%	0.1%	0.05%
	FI	A	0.22%	0.53%	0.22%
	FIBK	A	0.01%	0.07%	0.01%
	FIS	C	0.15%	0.22%	0.15%
	FIVE	F	0.01%	0.11%	0.01%
	FL	F	0.02%	0.09%	0.02%
	FMC	D	0.03%	0.05%	0.03%
	FNB	A	0.03%	0.19%	0.03%
	FNF	B	0.07%	0.14%	0.07%
	FOX	A	0.03%	0.33%	0.03%
	FSLR	F	0.03%	0.02%	0.02%
	FULT	A	0.02%	0.1%	0.02%
	GAP	C	0.03%	0.1%	0.03%
	GATX	A	0.02%	0.05%	0.02%
	GD	F	0.18%	0.26%	0.18%
	GEF	A	0.01%	0.05%	0.01%
	GEO	B	0.03%	0.04%	0.03%
	GHC	C	0.02%	0.05%	0.02%
	GILD	C	0.37%	0.44%	0.37%
	GL	B	0.03%	0.08%	0.03%
	GM	B	0.79%	0.87%	0.79%
	GNW	A	0.02%	0.12%	0.02%
	GOOG	C	0.89%	0.06%	0.06%
	GPI	A	0.04%	0.06%	0.04%
	GPK	C	0.03%	0.06%	0.03%
	GPN	B	0.07%	0.1%	0.07%
	GS	A	0.78%	0.44%	0.44%
	GT	C	0.04%	0.34%	0.04%
	GTN	F	0.01%	0.17%	0.01%
	HAL	C	0.07%	0.07%	0.07%
	HBI	B	0.05%	0.09%	0.05%
	HCA	F	0.15%	0.76%	0.15%
	HCC	B	0.02%	0.19%	0.02%
	HELE	C	0.01%	0.18%	0.01%
	HIG	B	0.14%	0.07%	0.07%
	HII	D	0.02%	0.11%	0.02%
	HLF	C	0.02%	0.07%	0.02%
	HOG	D	0.02%	0.18%	0.02%
	HOMB	A	0.02%	0.02%	0.02%
	HPE	B	0.19%	0.32%	0.19%
	HPQ	B	0.19%	0.42%	0.19%
	HRB	D	0.02%	0.13%	0.02%
	HRI	B	0.02%	0.22%	0.02%
	HUBG	A	0.02%	0.04%	0.02%
	HWC	B	0.02%	0.19%	0.02%
	IBM	C	0.53%	0.18%	0.18%
	IGT	F	0.01%	0.03%	0.01%
	INDB	B	0.01%	0.07%	0.01%
	INGR	B	0.04%	0.17%	0.04%
	INTC	D	0.45%	0.66%	0.45%
	IP	B	0.15%	0.02%	0.02%
	IVZ	B	0.06%	0.19%	0.06%
	JAZZ	B	0.02%	0.17%	0.02%
	JBL	B	0.05%	0.03%	0.03%
	JEF	A	0.07%	0.17%	0.07%
	JELD	F	0.01%	0.13%	0.01%
	JHG	A	0.03%	0.07%	0.03%
	JLL	D	0.06%	0.12%	0.06%
	JNJ	D	0.92%	0.18%	0.18%
	JPM	A	2.2%	0.54%	0.54%
	JXN	C	0.09%	0.15%	0.09%
	KBH	D	0.02%	0.21%	0.02%
	KEY	B	0.11%	0.19%	0.11%
	KHC	F	0.14%	0.1%	0.1%
	KMI	A	0.3%	0.11%	0.11%
	KNX	B	0.03%	0.19%	0.03%
	KR	B	0.31%	0.22%	0.22%
	LBRDA	C	0.0%	0.06%	0.0%
	LEA	D	0.04%	0.17%	0.04%
	LEG	F	0.01%	0.22%	0.01%
	LEN	D	0.12%	0.19%	0.12%
	LEN	D	0.01%	0.19%	0.01%
	LEN	D	0.12%	0.08%	0.08%
	LEN	D	0.01%	0.08%	0.01%
	LKQ	D	0.04%	0.16%	0.04%
	LNC	B	0.07%	0.32%	0.07%
	LULU	C	0.02%	0.1%	0.02%
	LYB	F	0.14%	0.3%	0.14%
	M	D	0.05%	0.22%	0.05%
	MAN	D	0.03%	0.12%	0.03%
	MAT	D	0.02%	0.09%	0.02%
	MCK	B	0.45%	0.35%	0.35%
	MDT	D	0.35%	0.42%	0.35%
	MDU	D	0.02%	0.18%	0.02%
	MET	A	0.29%	0.52%	0.29%
	MHK	D	0.06%	0.28%	0.06%
	MHO	D	0.02%	0.19%	0.02%
	MKL	A	0.08%	0.04%	0.04%
	MLI	C	0.02%	0.22%	0.02%
	MLKN	D	0.01%	0.07%	0.01%
	MMM	D	0.42%	0.07%	0.07%
	MO	A	0.52%	1.0%	0.52%
	MOS	F	0.06%	0.23%	0.06%
	MPC	D	0.31%	0.56%	0.31%
	MS	A	0.58%	0.32%	0.32%
	MTB	A	0.16%	0.18%	0.16%
	MTCH	D	0.01%	0.11%	0.01%
	MTDR	B	0.01%	0.18%	0.01%
	MTG	C	0.02%	0.28%	0.02%
	MTH	D	0.03%	0.05%	0.03%
	MU	D	0.31%	0.59%	0.31%
	MUR	D	0.02%	0.29%	0.02%
	NAVI	C	0.02%	0.13%	0.02%
	NEM	D	0.16%	0.4%	0.16%
	NOV	C	0.02%	0.19%	0.02%
	NUE	C	0.12%	0.38%	0.12%
	NUS	D	0.01%	0.15%	0.01%
	NVST	B	0.02%	0.09%	0.02%
	NWL	B	0.04%	0.13%	0.04%
	NWSA	B	0.03%	0.14%	0.03%
	NXST	C	0.02%	0.05%	0.02%
	OC	A	0.05%	0.07%	0.05%
	ODP	F	0.01%	0.18%	0.01%
	OGN	D	0.03%	0.15%	0.03%
	OI	C	0.02%	0.27%	0.02%
	OLN	D	0.03%	0.14%	0.03%
	OMF	A	0.05%	0.07%	0.05%
	OMI	F	0.01%	0.16%	0.01%
	ONB	B	0.02%	0.21%	0.02%
	ORI	A	0.06%	0.13%	0.06%
	OVV	B	0.04%	0.26%	0.04%
	OXY	D	0.13%	0.5%	0.13%
	OZK	B	0.02%	0.12%	0.02%
	PARR	D	0.0%	0.16%	0.0%
	PBF	D	0.04%	0.18%	0.04%
	PCAR	B	0.14%	0.42%	0.14%
	PENN	C	0.03%	0.06%	0.03%
	PFE	D	0.77%	0.36%	0.36%
	PFG	D	0.1%	0.06%	0.06%
	PFSI	D	0.01%	0.05%	0.01%
	PHIN	A	0.02%	0.1%	0.02%
	PHM	D	0.07%	0.11%	0.07%
	PII	D	0.02%	0.08%	0.02%
	PINC	B	0.01%	0.02%	0.01%
	PM	B	0.66%	0.13%	0.13%
	PNC	B	0.37%	0.33%	0.33%
	PNFP	B	0.03%	0.11%	0.03%
	PPBI	B	0.01%	0.11%	0.01%
	PRGO	B	0.02%	0.24%	0.02%
	PRU	A	0.23%	0.28%	0.23%
	PSX	C	0.29%	0.71%	0.29%
	PVH	C	0.02%	0.21%	0.02%
	PYPL	B	0.2%	0.24%	0.2%
	QCOM	F	0.31%	0.07%	0.07%
	QRVO	F	0.02%	0.12%	0.02%
	R	B	0.06%	0.41%	0.06%
	RDN	C	0.02%	0.28%	0.02%
	REZI	A	0.02%	0.14%	0.02%
	RF	A	0.12%	0.1%	0.1%
	RGA	A	0.06%	0.04%	0.04%
	RJF	A	0.07%	0.08%	0.07%
	RNR	C	0.02%	0.2%	0.02%
	RPRX	D	0.02%	0.41%	0.02%
	RRC	B	0.01%	0.1%	0.01%
	RRX	B	0.03%	0.12%	0.03%
	RS	B	0.05%	0.02%	0.02%
	RTX	C	0.47%	0.14%	0.14%
	RUSHA	C	0.02%	0.06%	0.02%
	SAIC	F	0.02%	0.1%	0.02%
	SANM	B	0.03%	0.07%	0.03%
	SBH	C	0.01%	0.16%	0.01%
	SCHW	B	0.18%	0.1%	0.1%
	SF	B	0.03%	0.14%	0.03%
	SJM	D	0.05%	0.15%	0.05%
	SLB	C	0.13%	0.69%	0.13%
	SLM	A	0.02%	0.03%	0.02%
	SLVM	B	0.02%	0.16%	0.02%
	SM	B	0.02%	0.22%	0.02%
	SNV	B	0.04%	0.2%	0.04%
	SNX	C	0.04%	0.24%	0.04%
	SON	D	0.02%	0.21%	0.02%
	SSB	B	0.02%	0.08%	0.02%
	SSNC	B	0.04%	0.08%	0.04%
	ST	F	0.02%	0.15%	0.02%
	STLD	B	0.07%	0.13%	0.07%
	STNE	F	0.01%	0.11%	0.01%
	STT	A	0.16%	0.02%	0.02%
	SYF	B	0.23%	0.33%	0.23%
	T	A	1.18%	1.01%	1.01%
	TAP	C	0.05%	0.16%	0.05%
	TDS	B	0.05%	0.12%	0.05%
	TEX	D	0.01%	0.21%	0.01%
	TFC	A	0.36%	0.73%	0.36%
	TGNA	B	0.02%	0.2%	0.02%
	TGT	F	0.29%	0.27%	0.27%
	THG	A	0.02%	0.04%	0.02%
	TKR	D	0.02%	0.09%	0.02%
	TMHC	B	0.04%	0.06%	0.04%
	TMUS	B	0.33%	0.3%	0.3%
	TNL	A	0.02%	0.21%	0.02%
	TOL	B	0.05%	0.16%	0.05%
	TPH	D	0.02%	0.21%	0.02%
	TPR	B	0.04%	0.04%	0.04%
	TROX	D	0.01%	0.2%	0.01%
	TRV	B	0.24%	0.48%	0.24%
	TSN	B	0.15%	0.07%	0.07%
	TTMI	B	0.02%	0.25%	0.02%
	TWLO	A	0.05%	0.05%	0.05%
	TXT	D	0.04%	0.09%	0.04%
	UA	C	0.01%	0.04%	0.01%
	UAL	A	0.06%	0.29%	0.06%
	UCB	A	0.01%	0.02%	0.01%
	UFPI	B	0.02%	0.11%	0.02%
	UHAL	D	0.02%	0.22%	0.02%
	UHAL	D	0.0%	0.22%	0.0%
	UHS	D	0.05%	0.16%	0.05%
	UNFI	A	0.02%	0.12%	0.02%
	UNM	A	0.08%	0.6%	0.08%
	URBN	C	0.01%	0.07%	0.01%
	USB	A	0.38%	0.71%	0.38%
	UTHR	C	0.04%	0.15%	0.04%
	VAC	B	0.02%	0.09%	0.02%
	VLO	C	0.33%	0.66%	0.33%
	VLY	B	0.03%	0.09%	0.03%
	VSCO	B	0.02%	0.06%	0.02%
	VSH	D	0.01%	0.07%	0.01%
	VTRS	A	0.09%	0.25%	0.09%
	VYX	B	0.01%	0.02%	0.01%
	VZ	C	1.19%	0.8%	0.8%
	WAL	B	0.03%	0.18%	0.03%
	WBD	C	0.16%	0.05%	0.05%
	WBS	A	0.04%	0.22%	0.04%
	WCC	B	0.06%	0.2%	0.06%
	WERN	C	0.01%	0.03%	0.01%
	WFC	A	1.29%	0.59%	0.59%
	WHR	B	0.06%	0.21%	0.06%
	WKC	D	0.02%	0.16%	0.02%
	WMB	A	0.24%	0.35%	0.24%
	WYNN	D	0.01%	0.07%	0.01%
	XOM	B	2.24%	0.86%	0.86%
	XRAY	F	0.01%	0.06%	0.01%
	XRX	F	0.01%	0.05%	0.01%
	ZION	B	0.05%	0.16%	0.05%

PRF Overweight 624 Positions Relative to VFVA

	Symbol	Grade	Weight
	BRK.A	B	2.34%
	AAPL	C	2.3%
	MSFT	F	1.86%
	AMZN	C	1.74%
	WMT	A	1.16%
	UNH	C	1.06%
	GOOGL	C	1.03%
	META	D	0.96%
	HD	A	0.73%
	PG	A	0.71%
	ABBV	D	0.57%
	COST	B	0.56%
	AVGO	D	0.5%
	PEP	F	0.48%
	KO	D	0.47%
	MRK	F	0.41%
	DUK	C	0.4%
	NEE	D	0.38%
	TSLA	B	0.37%
	SO	D	0.36%
	CAT	B	0.34%
	TXN	C	0.34%
	LOW	D	0.34%
	LMT	D	0.34%
	BLK	C	0.33%
	ABT	B	0.32%
	AMGN	D	0.32%
	UPS	C	0.32%
	ORCL	B	0.32%
	HON	B	0.3%
	MCD	D	0.29%
	AXP	A	0.29%
	LIN	D	0.28%
	COR	B	0.26%
	NVDA	C	0.26%
	D	C	0.26%
	CRM	B	0.25%
	PGR	A	0.25%
	UNP	C	0.25%
	ACN	C	0.25%
	CHTR	C	0.25%
	V	A	0.25%
	GE	D	0.23%
	TMO	F	0.22%
	NFLX	A	0.21%
	LLY	F	0.21%
	EXC	C	0.2%
	DFS	B	0.2%
	AEP	D	0.2%
	TJX	A	0.19%
	SRE	A	0.19%
	OKE	A	0.18%
	JCI	C	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%
	MA	C	0.17%
	SBUX	A	0.17%
	DHR	F	0.16%
	WELL	A	0.16%
	APD	A	0.16%
	XEL	A	0.15%
	VST	B	0.15%
	AMD	F	0.15%
	AMT	D	0.15%
	ETR	B	0.15%
	ED	D	0.15%
	PEG	A	0.15%
	PLD	D	0.15%
	CMI	A	0.15%
	CSX	B	0.14%
	SYY	B	0.14%
	BBY	D	0.14%
	PPL	B	0.14%
	EIX	B	0.14%
	ADP	B	0.14%
	FITB	A	0.14%
	HUM	C	0.14%
	CME	A	0.14%
	CBRE	B	0.13%
	WM	A	0.13%
	KKR	A	0.13%
	ZIM	C	0.13%
	GIS	D	0.13%
	DLR	B	0.13%
	CL	D	0.13%
	NSC	B	0.13%
	MMC	B	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%
	ICE	C	0.12%
	NKE	D	0.12%
	SPG	B	0.12%
	THC	D	0.12%
	PARA	C	0.12%
	SYK	C	0.12%
	AMAT	F	0.12%
	ITW	B	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%
	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%
	BKNG	A	0.1%
	TT	A	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%
	WY	D	0.09%
	BIIB	F	0.09%
	KDP	D	0.09%
	SHW	A	0.09%
	INTU	C	0.09%
	TROW	B	0.09%
	AEE	A	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%
	NXPI	D	0.08%
	CINF	A	0.08%
	ISRG	A	0.08%
	IFF	D	0.08%
	K	A	0.08%
	APH	A	0.08%
	KMX	B	0.08%
	AVB	B	0.08%
	EQR	B	0.08%
	IRM	D	0.08%
	OMC	C	0.08%
	PPG	F	0.07%
	STZ	D	0.07%
	LNG	B	0.07%
	VFC	C	0.07%
	TDG	D	0.07%
	STX	D	0.07%
	SWK	D	0.07%
	DOC	D	0.07%
	AJG	B	0.07%
	AON	A	0.07%
	VICI	C	0.07%
	SQ	B	0.07%
	MSI	B	0.07%
	WTW	B	0.07%
	CMS	C	0.07%
	MRO	B	0.07%
	PAYX	C	0.07%
	PSA	D	0.07%
	CNP	B	0.07%
	LRCX	F	0.07%
	ACI	C	0.07%
	AA	B	0.07%
	ECL	D	0.07%
	NTAP	C	0.06%
	ZTS	D	0.06%
	MAR	B	0.06%
	GWW	B	0.06%
	ATO	A	0.06%
	OTIS	C	0.06%
	LH	C	0.06%
	VNO	B	0.06%
	PWR	A	0.06%
	MCO	B	0.06%
	PNW	B	0.06%
	ROST	C	0.06%
	LAD	A	0.06%
	CTAS	B	0.06%
	LDOS	C	0.06%
	FAST	B	0.06%
	PKG	A	0.06%
	WAB	B	0.06%
	ORLY	B	0.06%
	L	A	0.06%
	BXP	D	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	ARE	D	0.06%
	RSG	A	0.06%
	FYBR	D	0.06%
	ROP	B	0.06%
	GRMN	B	0.06%
	MRVL	B	0.06%
	UGI	A	0.05%
	INVH	D	0.05%
	TSCO	D	0.05%
	DRI	B	0.05%
	HWM	A	0.05%
	ZBH	C	0.05%
	BALL	D	0.05%
	UBER	D	0.05%
	CLX	B	0.05%
	NVR	D	0.05%
	ACM	A	0.05%
	ESS	B	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%
	AN	C	0.05%
	KLAC	D	0.05%
	RCL	A	0.05%
	YUM	B	0.05%
	AES	F	0.05%
	IQV	D	0.05%
	SOLV	C	0.05%
	DOV	A	0.05%
	LNT	A	0.05%
	AFG	A	0.05%
	KD	B	0.05%
	GPC	D	0.05%
	AWK	D	0.05%
	FOXA	B	0.05%
	HES	B	0.05%
	CHD	B	0.04%
	CPAY	A	0.04%
	SUI	D	0.04%
	CPT	B	0.04%
	WPC	D	0.04%
	HST	C	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%
	WRB	A	0.04%
	STWD	C	0.04%
	J	F	0.04%
	ON	D	0.04%
	REG	B	0.04%
	EXPE	B	0.04%
	CDW	F	0.04%
	CCK	C	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%
	SLG	B	0.04%
	MRNA	F	0.04%
	OGE	B	0.04%
	AIZ	A	0.04%
	MLM	B	0.04%
	TTWO	A	0.04%
	MKC	D	0.04%
	CCEP	C	0.04%
	EME	C	0.04%
	IPG	D	0.04%
	HSY	F	0.04%
	MTZ	B	0.04%
	VMC	B	0.04%
	EA	A	0.04%
	MPW	F	0.04%
	SNA	A	0.04%
	AME	A	0.04%
	PK	B	0.03%
	ICLR	D	0.03%
	COIN	C	0.03%
	ALV	C	0.03%
	DASH	A	0.03%
	KRC	C	0.03%
	WTFC	A	0.03%
	BRO	B	0.03%
	AXTA	A	0.03%
	OSK	B	0.03%
	WTRG	B	0.03%
	SCI	B	0.03%
	LBRDK	C	0.03%
	VRSK	A	0.03%
	CTLT	B	0.03%
	RIG	D	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%
	WU	D	0.03%
	STE	F	0.03%
	LAMR	D	0.03%
	BECN	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%
	JWN	C	0.03%
	GLPI	C	0.03%
	CNX	A	0.03%
	TRU	D	0.03%
	KEYS	A	0.03%
	PB	A	0.03%
	EFX	F	0.03%
	OHI	C	0.03%
	BRX	A	0.03%
	HUBB	B	0.03%
	CZR	F	0.03%
	AVY	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%
	JNPR	F	0.03%
	BR	A	0.03%
	FTV	C	0.03%
	CSL	C	0.03%
	VOYA	B	0.03%
	HSIC	B	0.03%
	AVTR	F	0.03%
	CPB	D	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%
	WSM	B	0.03%
	HOOD	B	0.03%
	RMD	C	0.03%
	NDAQ	A	0.03%
	SWKS	F	0.03%
	CDP	C	0.02%
	VEEV	C	0.02%
	MSM	C	0.02%
	BWXT	B	0.02%
	WDAY	B	0.02%
	MC	C	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%
	RIVN	F	0.02%
	ALGN	D	0.02%
	DK	C	0.02%
	SMG	D	0.02%
	OUT	A	0.02%
	EPR	D	0.02%
	LNW	D	0.02%
	AIT	A	0.02%
	POOL	C	0.02%
	AVA	A	0.02%
	LW	C	0.02%
	NDSN	B	0.02%
	SFNC	B	0.02%
	TXRH	C	0.02%
	COLD	D	0.02%
	SIG	B	0.02%
	Z	A	0.02%
	NSIT	F	0.02%
	FLO	D	0.02%
	AAL	B	0.02%
	ALLE	D	0.02%
	LSTR	D	0.02%
	GMS	B	0.02%
	CRL	C	0.02%
	NJR	A	0.02%
	KRG	B	0.02%
	ADC	B	0.02%
	MKSI	C	0.02%
	ALE	A	0.02%
	CBT	C	0.02%
	MTD	D	0.02%
	SLGN	A	0.02%
	NWE	B	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%
	GRAB	B	0.02%
	KBR	F	0.02%
	MIDD	C	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%
	DECK	A	0.02%
	TRN	C	0.02%
	SR	A	0.02%
	AVNT	B	0.02%
	PNM	F	0.02%
	SEM	B	0.02%
	NVT	B	0.02%
	CW	B	0.02%
	AYI	B	0.02%
	SCCO	F	0.02%
	PRI	A	0.02%
	LYV	A	0.02%
	VRT	B	0.02%
	OGS	A	0.02%
	SEE	C	0.02%
	CR	A	0.02%
	ELS	C	0.02%
	LII	A	0.02%
	GDDY	A	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%
	ATR	B	0.02%
	POST	C	0.02%
	NNN	D	0.02%
	KMPR	B	0.02%
	CUBE	D	0.02%
	EXEL	B	0.02%
	AAP	C	0.02%
	IT	C	0.02%
	CBSH	A	0.02%
	BXMT	C	0.02%
	TCBI	B	0.02%
	INCY	C	0.02%
	CDNS	B	0.02%
	MSCI	C	0.02%
	GBCI	B	0.02%
	XPO	B	0.02%
	FLS	B	0.02%
	FBIN	D	0.02%
	RHI	B	0.02%
	KEX	C	0.02%
	IEX	B	0.02%
	SBRA	C	0.02%
	VLTO	D	0.02%
	FFIV	B	0.02%
	GME	C	0.02%
	IDA	A	0.02%
	ANSS	B	0.02%
	HIW	D	0.02%
	DEI	B	0.02%
	SKX	D	0.02%
	SOFI	A	0.02%
	AKAM	D	0.02%
	BKH	A	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%
	EL	F	0.02%
	EHC	B	0.02%
	LPX	B	0.02%
	UBSI	B	0.02%
	MAC	B	0.02%
	CLH	B	0.02%
	NFG	A	0.02%
	ULTA	F	0.02%
	FTI	A	0.02%
	BIO	D	0.02%
	AGNC	D	0.02%
	EVR	B	0.02%
	SWX	B	0.02%
	DOX	D	0.02%
	CUZ	B	0.02%
	FRT	B	0.02%
	CFR	B	0.02%
	AMN	F	0.01%
	CLVT	F	0.01%
	VSAT	F	0.01%
	HEI	B	0.01%
	OPCH	D	0.01%
	ZG	A	0.01%
	XP	F	0.01%
	OPEN	D	0.01%
	WSC	D	0.01%
	DXCM	D	0.01%
	SNOW	C	0.01%
	ACHC	F	0.01%
	DIOD	D	0.01%
	CRI	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%
	VSTS	C	0.01%
	RLJ	C	0.01%
	UAA	C	0.01%
	NWS	B	0.01%
	EGP	F	0.01%
	PDCO	D	0.01%
	SITE	D	0.01%
	ARI	C	0.01%
	ENOV	C	0.01%
	W	F	0.01%
	DRH	B	0.01%
	PMT	D	0.01%
	UVV	B	0.01%
	LXP	D	0.01%
	CABO	C	0.01%
	CGNX	C	0.01%
	RYN	D	0.01%
	ASH	D	0.01%
	BMRN	D	0.01%
	ENTG	D	0.01%
	LFUS	F	0.01%
	EEFT	B	0.01%
	JBGS	D	0.01%
	THS	D	0.01%
	WEX	D	0.01%
	HTZ	C	0.01%
	UNIT	B	0.01%
	FUL	F	0.01%
	FND	C	0.01%
	IDXX	F	0.01%
	FR	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%
	LCII	C	0.01%
	FCN	D	0.01%
	ATI	D	0.01%
	ABNB	C	0.01%
	CNM	D	0.01%
	ABR	C	0.01%
	WH	B	0.01%
	MMS	F	0.01%
	AM	A	0.01%
	SIGI	C	0.01%
	BCO	D	0.01%
	GNTX	C	0.01%
	WLK	D	0.01%
	RLI	B	0.01%
	STAG	F	0.01%
	ARCH	B	0.01%
	BDN	C	0.01%
	EPAM	C	0.01%
	GTLS	B	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%
	AOS	F	0.01%
	WST	C	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%
	SEDG	F	0.0%
	SMCI	F	0.0%

PRF Underweight 256 Positions Relative to VFVA

	Symbol	Grade	Weight
	GTES	A	-0.3%
	PRDO	B	-0.28%
	STBA	B	-0.26%
	INSW	F	-0.24%
	ALK	C	-0.23%
	WAFD	B	-0.21%
	PTEN	C	-0.21%
	MATX	C	-0.21%
	DBX	B	-0.2%
	ZI	D	-0.2%
	GPOR	B	-0.2%
	SIRI	C	-0.2%
	KOS	F	-0.19%
	PUMP	B	-0.19%
	PCRX	C	-0.19%
	BMBL	C	-0.19%
	LILAK	D	-0.19%
	STNG	F	-0.19%
	TNK	F	-0.18%
	HAIN	C	-0.18%
	AHCO	F	-0.18%
	CCSI	C	-0.18%
	PR	B	-0.17%
	ATSG	B	-0.17%
	EFSC	B	-0.17%
	MD	B	-0.17%
	GIII	D	-0.17%
	IMKTA	C	-0.17%
	RNG	B	-0.17%
	ZD	C	-0.17%
	ASIX	A	-0.16%
	GNK	D	-0.16%
	SEB	F	-0.16%
	COMM	D	-0.16%
	OCFC	B	-0.16%
	KOP	C	-0.16%
	GBX	A	-0.16%
	CRGY	B	-0.16%
	NMRK	B	-0.16%
	DIN	C	-0.15%
	GLNG	C	-0.15%
	MBUU	C	-0.15%
	SNDR	B	-0.15%
	WWW	B	-0.15%
	MCB	B	-0.15%
	TWI	F	-0.15%
	SPTN	D	-0.15%
	CEIX	A	-0.14%
	IRWD	F	-0.14%
	TPC	C	-0.14%
	ECVT	C	-0.14%
	SNCY	C	-0.14%
	RMAX	C	-0.14%
	LZB	B	-0.14%
	PLTK	B	-0.14%
	ASC	F	-0.14%
	BRY	F	-0.14%
	DLX	B	-0.14%
	TDOC	C	-0.13%
	LPG	F	-0.13%
	BELFB	C	-0.13%
	VBTX	B	-0.13%
	GOGL	F	-0.13%
	GDOT	D	-0.12%
	NAT	F	-0.12%
	HLX	B	-0.12%
	DCOM	A	-0.12%
	FCF	A	-0.12%
	RPAY	D	-0.12%
	CMRE	C	-0.12%
	PLAB	C	-0.12%
	DOLE	D	-0.12%
	RYI	C	-0.12%
	DHT	F	-0.12%
	BANC	A	-0.12%
	APPS	F	-0.12%
	SXC	A	-0.12%
	BUSE	B	-0.11%
	SKYW	B	-0.11%
	CLW	F	-0.11%
	EYE	C	-0.11%
	SASR	B	-0.11%
	PEBO	A	-0.11%
	FDP	B	-0.11%
	MATV	D	-0.11%
	MTUS	C	-0.11%
	IART	C	-0.11%
	SCSC	B	-0.11%
	OMCL	C	-0.11%
	ATGE	B	-0.11%
	JRVR	F	-0.11%
	HOPE	B	-0.1%
	BV	B	-0.1%
	TK	D	-0.1%
	STC	B	-0.1%
	SD	D	-0.1%
	RNST	B	-0.1%
	CUBI	C	-0.1%
	EGBN	B	-0.1%
	EGY	D	-0.1%
	CHGG	D	-0.1%
	NX	C	-0.09%
	SMP	B	-0.09%
	GPRE	F	-0.09%
	BANR	B	-0.09%
	GCO	B	-0.09%
	PATK	D	-0.09%
	FOXF	F	-0.09%
	SATS	D	-0.09%
	DNB	B	-0.09%
	UVE	B	-0.09%
	VTOL	B	-0.09%
	BZH	B	-0.09%
	DNOW	B	-0.09%
	MODG	F	-0.09%
	SCHL	D	-0.09%
	HVT	D	-0.09%
	NTB	B	-0.09%
	WSBC	A	-0.08%
	HEES	B	-0.08%
	BHLB	B	-0.08%
	SFL	D	-0.08%
	RYAM	C	-0.08%
	BOOM	F	-0.08%
	PLAY	D	-0.08%
	NTCT	C	-0.08%
	ACCO	C	-0.08%
	EAT	A	-0.08%
	SRCE	B	-0.08%
	NBTB	B	-0.08%
	SB	F	-0.08%
	PBI	B	-0.07%
	OEC	C	-0.07%
	UPBD	B	-0.07%
	KFY	B	-0.07%
	SNEX	B	-0.07%
	PAGS	F	-0.07%
	MTW	C	-0.07%
	TRST	A	-0.07%
	TRMK	B	-0.07%
	DXPE	B	-0.07%
	AX	A	-0.07%
	CCRN	F	-0.07%
	HAFC	A	-0.07%
	NIC	B	-0.07%
	VREX	C	-0.07%
	CNA	B	-0.07%
	NOG	A	-0.07%
	ZEUS	C	-0.07%
	HI	C	-0.07%
	EBC	B	-0.07%
	REVG	B	-0.07%
	EMBC	C	-0.07%
	NMIH	D	-0.07%
	BBW	B	-0.07%
	ALGT	B	-0.06%
	LXU	B	-0.06%
	PFS	B	-0.06%
	CROX	D	-0.06%
	FWRD	D	-0.06%
	UIS	B	-0.06%
	AMWD	C	-0.06%
	NNI	D	-0.06%
	DENN	D	-0.06%
	CAL	D	-0.06%
	OIS	C	-0.06%
	TCBK	B	-0.06%
	BUR	C	-0.06%
	SSP	F	-0.06%
	KELYA	F	-0.06%
	REPX	A	-0.06%
	ENVA	B	-0.05%
	PRLB	A	-0.05%
	BW	D	-0.05%
	GRBK	D	-0.05%
	HFWA	B	-0.05%
	REX	D	-0.05%
	OFG	B	-0.05%
	LILA	D	-0.05%
	FRME	B	-0.05%
	RGP	F	-0.05%
	CNOB	B	-0.05%
	NWBI	B	-0.05%
	TTEC	F	-0.05%
	LBRT	D	-0.05%
	MATW	C	-0.05%
	TOWN	B	-0.05%
	HZO	D	-0.04%
	MRC	B	-0.04%
	GLDD	B	-0.04%
	VRNT	C	-0.04%
	WTTR	B	-0.04%
	HNRG	B	-0.04%
	WNC	C	-0.04%
	AMPY	C	-0.04%
	XPOF	C	-0.04%
	NCLH	B	-0.04%
	ETWO	F	-0.04%
	FFWM	C	-0.04%
	PPC	C	-0.04%
	DESP	B	-0.04%
	MOV	C	-0.04%
	BLMN	F	-0.04%
	RDUS	C	-0.04%
	TALO	C	-0.04%
	BY	B	-0.04%
	CFFN	B	-0.04%
	KALU	C	-0.04%
	HOV	D	-0.03%
	ACT	D	-0.03%
	NBHC	B	-0.03%
	SCVL	F	-0.03%
	HY	D	-0.03%
	MBIN	D	-0.03%
	CMCO	B	-0.03%
	LC	A	-0.03%
	CNDT	C	-0.03%
	SWI	B	-0.03%
	JILL	C	-0.03%
	FF	D	-0.03%
	QCRH	A	-0.03%
	HRTG	C	-0.03%
	AMBC	C	-0.03%
	AMAL	B	-0.03%
	INMD	C	-0.03%
	SHLS	F	-0.03%
	USAP	B	-0.03%
	OLPX	D	-0.03%
	PTVE	B	-0.03%
	ZIMV	D	-0.03%
	WMK	C	-0.03%
	FOR	F	-0.03%
	DRVN	B	-0.03%
	IIIN	C	-0.03%
	TBRG	B	-0.02%
	NR	B	-0.02%
	CMPR	D	-0.02%
	NFBK	B	-0.02%
	HGV	B	-0.02%
	KODK	B	-0.02%
	TITN	C	-0.02%
	HDSN	F	-0.02%
	ALKS	B	-0.02%
	BAND	B	-0.02%
	BHE	B	-0.02%
	TTI	C	-0.02%
	EIG	B	-0.02%
	GO	C	-0.02%
	AMRX	C	-0.02%
	PFBC	B	-0.02%
	BRKL	B	-0.02%
	EPC	D	-0.02%
	WRLD	C	-0.02%
	MEI	D	-0.02%
	PRA	C	-0.02%
	OBK	B	-0.02%

PRF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P 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 Dow Jones Component Insurance Products Semiconductor Deposit Products Beverage

VFVA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Insurance - Property & Casualty Shipping & Ports Asset Management Credit Services Residential Construction Oil & Gas Equipment & Services Auto Parts Software - Application Specialty Retail Chemicals Insurance - Life Apparel Stores Business Services Information Technology Services Specialty Chemicals Steel Diversified Industrials Drug Manufacturers - Specialty & Generic

Keywords: S&P 500 Bank Banking Insurance Deposit Products Natural Gas Commercial Banking Real Estate Loans Chemical Commercial Bank Insurance Products Mining Transport Investment Management Loan Petroleum Industry Life Insurance Computing Nasdaq 100 Retail Store