PRFZ vs. SPEM ETF Comparison

Comparison of PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ) to SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF (SPEM)

PRFZ

PowerShares FTSE RAFI US 1500 Small-Mid Portfolio

PRFZ Description

The PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (Fund) is based on the FTSE RAFI US 1500 Small-Mid 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 small and medium-sized US companies. Companies are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental weight ranking of 1,001 to 2,500 is then selected and assigned a weight equal to its fundamental weight. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$36.23

Average Daily Volume

132,818

Number of Holdings ^*

1410

* may have additional holdings in another (foreign) market

SPEM

SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF

SPEM Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Emerging BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.49

Average Daily Volume

1,516,599

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	PRFZ	SPEM
30 Days	-3.87%	-1.31%
60 Days	-3.92%	0.54%
90 Days	0.50%	3.95%
12 Months	12.18%	6.59%

12 Overlapping Holdings

Symbol	Grade	Weight in PRFZ	Weight in SPEM	Overlap
AFYA	D	0.02%	0.0%	0.0%
BWMX	A	0.02%	0.01%	0.01%
CMCO	C	0.07%	0.0%	0.0%
DAC	B	0.12%	0.01%	0.01%
DSX	D	0.04%	0.0%	0.0%
MMYT	B	0.03%	0.04%	0.03%
NU	B	0.2%	0.32%	0.2%
PAGS	D	0.17%	0.03%	0.03%
RNW	D	0.03%	0.01%	0.01%
SB	A	0.05%	0.01%	0.01%
SBLK	A	0.2%	0.02%	0.02%
TNP	B	0.08%	0.01%	0.01%

PRFZ Overweight 1398 Positions Relative to SPEM

Symbol	Grade	Weight
AMRK	A	0.26%
VIRT	A	0.23%
KAR	A	0.23%
PRIM	A	0.22%
SPR	A	0.22%
GTES	A	0.22%
WIRE	A	0.22%
EXAS	B	0.21%
MATV	A	0.21%
WFRD	A	0.21%
TTEK	A	0.2%
CHX	A	0.2%
BLMN	C	0.2%
AHCO	D	0.2%
VVV	C	0.2%
MGY	A	0.2%
CROX	B	0.2%
FIX	B	0.2%
KALU	A	0.19%
TALO	B	0.19%
BILL	F	0.19%
CRUS	C	0.19%
GO	D	0.19%
GBX	A	0.19%
MODG	B	0.19%
ITGR	A	0.19%
HGV	C	0.19%
BKD	A	0.19%
EAF	D	0.19%
KFY	C	0.19%
BNL	D	0.18%
APP	A	0.18%
ACA	D	0.18%
PPC	A	0.18%
KLG	A	0.18%
CALM	A	0.18%
LBRT	A	0.18%
NYT	D	0.18%
CENTA	C	0.18%
PINS	D	0.18%
STNG	B	0.18%
PR	A	0.18%
PDM	B	0.18%
SUM	C	0.18%
WAFD	D	0.18%
CEIX	B	0.18%
BOH	D	0.18%
TNET	A	0.18%
SITC	C	0.18%
CRS	A	0.18%
WD	D	0.18%
HI	B	0.18%
ITRI	A	0.18%
ROL	C	0.18%
RBC	D	0.18%
DOOR	A	0.18%
HL	A	0.18%
VSTO	A	0.18%
CVNA	B	0.18%
EXP	B	0.18%
MOG.A	B	0.18%
AY	B	0.17%
LADR	D	0.17%
CHE	C	0.17%
CNK	A	0.17%
AMED	D	0.17%
WTM	B	0.17%
HLI	B	0.17%
VC	F	0.17%
PATK	D	0.17%
ANF	D	0.17%
SCSC	C	0.17%
SHO	C	0.17%
ACIW	B	0.17%
DNB	D	0.17%
HOPE	C	0.17%
SXT	A	0.17%
ENVA	C	0.17%
SAH	D	0.17%
WGO	D	0.17%
SSD	D	0.17%
BDC	D	0.17%
CBU	D	0.17%
ADTN	F	0.17%
SFL	C	0.17%
SATS	B	0.17%
TPL	A	0.17%
AROC	A	0.17%
EAT	C	0.17%
IBOC	B	0.17%
ENR	F	0.17%
GVA	A	0.17%
WEN	B	0.17%
RYI	D	0.17%
XHR	B	0.17%
STC	C	0.17%
MPWR	D	0.17%
BFAM	C	0.17%
CVBF	D	0.17%
HXL	F	0.16%
EPRT	A	0.16%
SKY	C	0.16%
OLLI	D	0.16%
PEB	D	0.16%
MSA	A	0.16%
GLNG	A	0.16%
NBR	F	0.16%
LILAK	B	0.16%
AMWD	C	0.16%
BGC	B	0.16%
WSFS	C	0.16%
FRME	C	0.16%
ATSG	F	0.16%
CVI	B	0.16%
PTEN	D	0.16%
MKTX	F	0.16%
FBP	C	0.16%
MTX	C	0.16%
GIII	D	0.16%
NHI	A	0.16%
KOS	B	0.16%
H	B	0.16%
COTY	D	0.15%
AWI	C	0.15%
AGRO	A	0.15%
SN	A	0.15%
TRMK	C	0.15%
MGEE	A	0.15%
IMKTA	F	0.15%
ICUI	F	0.15%
HNI	C	0.15%
DLB	F	0.15%
RC	D	0.15%
PIPR	B	0.15%
PSMT	B	0.15%
NWN	F	0.15%
NTB	A	0.15%
TW	C	0.15%
MOD	B	0.15%
ENSG	C	0.15%
KTB	C	0.15%
AX	D	0.15%
PGRE	D	0.15%
DBRG	D	0.15%
DNOW	A	0.15%
PBH	C	0.15%
SIX	D	0.15%
MD	D	0.15%
BANR	D	0.15%
CACC	C	0.15%
TECH	F	0.15%
RNST	D	0.15%
VRSN	F	0.15%
ATGE	D	0.15%
IPGP	F	0.15%
NCLH	D	0.15%
NGVT	F	0.15%
OTTR	D	0.15%
NWBI	D	0.15%
WMS	B	0.15%
TLRY	D	0.15%
CNA	C	0.14%
MRC	B	0.14%
UNF	F	0.14%
FELE	C	0.14%
PFS	D	0.14%
WOLF	F	0.14%
NMIH	C	0.14%
FDP	A	0.14%
GMED	D	0.14%
B	B	0.14%
SCL	D	0.14%
HAE	B	0.14%
HQY	C	0.14%
TTD	B	0.14%
HLX	A	0.14%
HTH	D	0.14%
STRA	C	0.14%
AZTA	D	0.14%
ROKU	F	0.14%
FN	D	0.14%
PRG	D	0.14%
TOWN	C	0.14%
RHP	C	0.14%
TRNO	D	0.14%
IBTX	D	0.14%
EBC	D	0.14%
AKR	A	0.14%
ECPG	D	0.14%
BRKR	D	0.14%
SCS	D	0.14%
SMTC	A	0.14%
HEES	B	0.14%
NEU	C	0.14%
VGR	D	0.14%
COLM	D	0.14%
MASI	A	0.14%
KW	D	0.14%
HTLF	B	0.14%
ZD	F	0.14%
MYRG	B	0.14%
PBI	C	0.14%
CNNE	D	0.14%
NBIX	C	0.14%
MCY	A	0.14%
PSN	B	0.13%
KREF	D	0.13%
TDC	F	0.13%
GFS	F	0.13%
UCTT	D	0.13%
SKT	C	0.13%
CWEN	B	0.13%
SNDR	F	0.13%
CDE	A	0.13%
ONTO	B	0.13%
PSTG	A	0.13%
OII	A	0.13%
AZEK	C	0.13%
CYH	F	0.13%
NEOG	F	0.13%
BZH	D	0.13%
PLUG	F	0.13%
KOP	B	0.13%
HMN	C	0.13%
NTCT	F	0.13%
EQC	F	0.13%
AMCX	F	0.13%
PLTR	D	0.13%
RILY	C	0.13%
CWT	F	0.13%
FFIN	C	0.13%
SVC	F	0.13%
ORA	D	0.13%
CVCO	C	0.13%
COKE	C	0.13%
ALK	A	0.13%
NSA	B	0.13%
WMK	D	0.13%
SYNA	F	0.13%
UE	D	0.13%
PAYC	D	0.13%
WTS	C	0.13%
EYE	F	0.13%
EPC	D	0.13%
DOLE	A	0.13%
ALEX	F	0.12%
CAKE	C	0.12%
LANC	C	0.12%
NBTB	D	0.12%
PRK	C	0.12%
FSS	A	0.12%
LRN	D	0.12%
JBT	F	0.12%
WSBC	C	0.12%
IVT	C	0.12%
OEC	A	0.12%
SNEX	C	0.12%
DAY	D	0.12%
MORN	B	0.12%
JBLU	A	0.12%
LYFT	B	0.12%
PLUS	C	0.12%
CFFN	D	0.12%
IIPR	B	0.12%
LZB	D	0.12%
BHE	B	0.12%
LOPE	C	0.12%
HCSG	D	0.12%
GLOB	D	0.12%
DORM	B	0.12%
IBP	B	0.12%
CWH	F	0.12%
LAUR	A	0.12%
SNBR	F	0.12%
BOOT	A	0.12%
ROIC	D	0.12%
CHDN	D	0.12%
KLIC	D	0.12%
BKE	D	0.12%
IART	F	0.12%
DEA	D	0.12%
IOSP	C	0.12%
SHOO	C	0.12%
EIG	C	0.11%
HASI	B	0.11%
ZWS	C	0.11%
VAL	C	0.11%
SGRY	F	0.11%
EXLS	D	0.11%
ROG	F	0.11%
MMSI	D	0.11%
SFBS	C	0.11%
ZI	D	0.11%
BV	A	0.11%
OMCL	F	0.11%
HAYW	D	0.11%
CCO	F	0.11%
TREX	C	0.11%
SPTN	F	0.11%
CMPR	B	0.11%
U	F	0.11%
OCFC	D	0.11%
RGEN	D	0.11%
PANW	C	0.11%
WWW	C	0.11%
DHT	B	0.11%
NPO	B	0.11%
HZO	F	0.11%
PRAA	D	0.11%
FICO	C	0.11%
AIN	D	0.11%
CCOI	D	0.11%
GNL	F	0.11%
CODI	B	0.11%
IBKR	A	0.11%
MRCY	F	0.11%
CUBI	D	0.11%
PUMP	B	0.11%
SABR	F	0.11%
IRDM	D	0.11%
NOG	A	0.11%
STRL	B	0.11%
BRSP	D	0.11%
HOV	D	0.1%
TNC	A	0.1%
DBI	F	0.1%
AFRM	D	0.1%
CACC	C	0.1%
OFG	C	0.1%
DKNG	B	0.1%
ENV	A	0.1%
GPRE	F	0.1%
FTDR	D	0.1%
DOCU	A	0.1%
SJW	F	0.1%
CAL	D	0.1%
EFSC	D	0.1%
LC	D	0.1%
SXC	C	0.1%
EGBN	F	0.1%
AIR	C	0.1%
MNRO	F	0.1%
RWT	D	0.1%
DLX	C	0.1%
CBZ	B	0.1%
CRK	B	0.1%
VIAV	F	0.1%
HAIN	F	0.1%
THRM	D	0.1%
AEIS	D	0.1%
RDNT	A	0.1%
SLAB	F	0.1%
NMRK	C	0.1%
GDOT	D	0.1%
FCF	D	0.1%
MWA	B	0.1%
VBTX	D	0.1%
VRTS	D	0.1%
SAFT	C	0.1%
MTW	F	0.1%
TDOC	F	0.1%
OLED	D	0.1%
MGRC	C	0.1%
STBA	D	0.1%
FCPT	D	0.1%
SMPL	D	0.1%
NNI	A	0.1%
AAT	C	0.1%
AZZ	A	0.1%
SIRI	F	0.1%
LIVN	B	0.1%
ESRT	C	0.1%
AMBC	D	0.1%
GNK	A	0.1%
BRY	A	0.1%
WNC	D	0.1%
NVRI	B	0.1%
OSIS	B	0.1%
ENPH	F	0.1%
AMSF	C	0.1%
YETI	F	0.1%
JACK	F	0.09%
DT	D	0.09%
REYN	C	0.09%
BRKL	D	0.09%
RCM	F	0.09%
PZZA	F	0.09%
CNS	C	0.09%
KELYA	B	0.09%
APOG	A	0.09%
YELP	D	0.09%
SONO	D	0.09%
CNMD	F	0.09%
CCRN	F	0.09%
LTC	B	0.09%
SBOW	D	0.09%
RRR	B	0.09%
CRWD	D	0.09%
WING	A	0.09%
SUPN	D	0.09%
GFF	C	0.09%
GES	A	0.09%
SBCF	D	0.09%
SASR	D	0.09%
DDS	C	0.09%
FORM	B	0.09%
CNSL	C	0.09%
BSY	B	0.09%
AWR	F	0.09%
SCHL	D	0.09%
RGR	B	0.09%
CWST	B	0.09%
GWRE	C	0.09%
ASIX	D	0.09%
CPK	D	0.09%
SLCA	A	0.09%
WOR	D	0.09%
BUSE	C	0.09%
SAM	F	0.09%
ECVT	D	0.09%
AVNS	F	0.09%
AXON	B	0.09%
MATW	F	0.09%
CLW	A	0.09%
OXM	B	0.09%
BCPC	C	0.09%
KWR	C	0.09%
TRIP	C	0.09%
CENX	A	0.09%
ICFI	C	0.09%
ROCK	D	0.09%
SPNT	B	0.08%
MERC	A	0.08%
OPK	C	0.08%
FBNC	D	0.08%
CRGY	D	0.08%
CNDT	D	0.08%
BHLB	D	0.08%
NOVT	D	0.08%
NHC	C	0.08%
COMM	F	0.08%
CMP	F	0.08%
LGF.A	A	0.08%
CMRE	C	0.08%
SWBI	A	0.08%
ETSY	D	0.08%
EBS	F	0.08%
SBSI	D	0.08%
DDOG	C	0.08%
KN	D	0.08%
VIR	F	0.08%
CPS	D	0.08%
SGH	F	0.08%
BANF	D	0.08%
WABC	D	0.08%
NWLI	A	0.08%
MXL	C	0.08%
VRNT	D	0.08%
UIS	D	0.08%
ASTE	A	0.08%
CLB	B	0.08%
TITN	F	0.08%
ARCO	D	0.08%
AGM	C	0.08%
CTRE	A	0.08%
BRBR	C	0.08%
HLIO	B	0.08%
XPRO	D	0.08%
ESE	D	0.08%
TBI	F	0.08%
HUBS	A	0.08%
PLAB	D	0.08%
IDCC	D	0.08%
THRY	A	0.08%
CSR	A	0.08%
BLKB	A	0.08%
PRM	A	0.08%
CHH	C	0.08%
MTRN	D	0.08%
COMP	B	0.08%
PRDO	C	0.08%
TILE	B	0.08%
FOXF	F	0.08%
NBHC	D	0.08%
POWI	F	0.08%
CSGS	D	0.08%
TRTX	A	0.08%
PRA	B	0.08%
TRS	A	0.08%
PTVE	A	0.08%
INSW	B	0.08%
SKYW	A	0.08%
LPG	A	0.08%
EMBC	F	0.08%
NIC	C	0.07%
WHD	A	0.07%
ROAD	B	0.07%
HAFC	D	0.07%
ACCO	D	0.07%
JRVR	D	0.07%
EVRI	F	0.07%
KODK	A	0.07%
HFWA	D	0.07%
PRGS	F	0.07%
TPIC	F	0.07%
CNOB	D	0.07%
ICHR	D	0.07%
COHU	F	0.07%
BSIG	A	0.07%
ACLS	F	0.07%
AMC	F	0.07%
DCO	A	0.07%
WTTR	A	0.07%
HURN	D	0.07%
TCBK	D	0.07%
WOOF	F	0.07%
FLGT	F	0.07%
SNDL	A	0.07%
RYAM	B	0.07%
MATX	C	0.07%
SMP	D	0.07%
FRPT	B	0.07%
CRSP	F	0.07%
GOLF	C	0.07%
KAMN	A	0.07%
CHGG	F	0.07%
DXPE	A	0.07%
KFRC	D	0.07%
ADUS	A	0.07%
CMTG	F	0.07%
PLNT	F	0.07%
DFIN	B	0.07%
QRTEA	C	0.07%
EGY	A	0.07%
KTOS	D	0.07%
PEBO	D	0.07%
RDUS	D	0.07%
PLAY	D	0.07%
MRTN	F	0.07%
EVTC	D	0.07%
TOST	B	0.07%
GTY	D	0.07%
VREX	D	0.07%
CHCO	C	0.07%
NX	B	0.07%
FBK	C	0.07%
NTGR	D	0.07%
TPC	A	0.07%
FWRD	F	0.07%
SP	B	0.07%
PODD	F	0.07%
EVH	D	0.07%
EXPO	D	0.07%
CARG	C	0.07%
MEDP	B	0.07%
CHEF	D	0.07%
GRBK	C	0.07%
MIR	A	0.07%
JJSF	F	0.07%
PTON	F	0.07%
HIBB	C	0.07%
GCO	F	0.07%
DHC	F	0.07%
DCOM	F	0.07%
DIN	F	0.07%
CASH	D	0.07%
ETWO	F	0.07%
TPG	C	0.07%
TDW	A	0.07%
ETD	C	0.07%
DO	B	0.07%
ZEUS	B	0.07%
GSL	A	0.07%
ALG	B	0.07%
BALY	A	0.07%
HTBK	D	0.06%
BMBL	F	0.06%
SGBX	F	0.06%
TGI	D	0.06%
ASTH	D	0.06%
WOW	D	0.06%
WDFC	D	0.06%
REX	A	0.06%
TUP	F	0.06%
FFWM	F	0.06%
CSWI	A	0.06%
UVSP	D	0.06%
VCTR	A	0.06%
PRLB	D	0.06%
ZIMV	D	0.06%
GDEN	D	0.06%
ACRE	F	0.06%
NR	A	0.06%
NXRT	B	0.06%
MEI	F	0.06%
RKT	D	0.06%
AMRC	F	0.06%
OBK	D	0.06%
OIS	F	0.06%
GPOR	A	0.06%
CPF	B	0.06%
BMI	A	0.06%
SRCE	C	0.06%
MTSI	A	0.06%
AAON	A	0.06%
DBX	F	0.06%
PLYA	B	0.06%
PFBC	B	0.06%
UTL	C	0.06%
INVA	C	0.06%
SYBT	D	0.06%
MYE	A	0.06%
PATH	F	0.06%
NEO	F	0.06%
NTRA	A	0.06%
OSCR	B	0.06%
AAN	D	0.06%
MANH	C	0.06%
DX	D	0.06%
REVG	A	0.06%
MRVI	C	0.06%
DNUT	A	0.06%
ALRM	D	0.06%
AOSL	F	0.06%
HSII	C	0.06%
AGIO	B	0.06%
VTOL	D	0.06%
SENEA	A	0.06%
DRVN	C	0.06%
UVE	B	0.06%
MED	F	0.06%
SXI	C	0.06%
PFC	D	0.06%
ALKS	F	0.06%
JBSS	D	0.06%
TMP	F	0.06%
MBUU	F	0.06%
HVT	D	0.06%
WRLD	A	0.06%
TNK	B	0.06%
PKST	F	0.06%
MQ	D	0.06%
KAI	D	0.06%
HY	D	0.06%
LKFN	D	0.06%
PCRX	F	0.06%
VRRM	A	0.06%
TK	D	0.06%
MP	B	0.06%
LBAI	D	0.06%
LSCC	F	0.06%
VCYT	F	0.05%
MTRX	D	0.05%
SPSC	D	0.05%
LESL	F	0.05%
EBF	D	0.05%
WSR	C	0.05%
HBNC	D	0.05%
SHAK	C	0.05%
MDB	F	0.05%
MBWM	D	0.05%
GPRO	F	0.05%
PLOW	F	0.05%
MGNI	F	0.05%
GSM	B	0.05%
LCID	F	0.05%
NAT	D	0.05%
LXFR	D	0.05%
REI	A	0.05%
AMRX	D	0.05%
RNA	A	0.05%
KRO	A	0.05%
USPH	D	0.05%
GOOD	A	0.05%
AIV	A	0.05%
DHIL	F	0.05%
S	D	0.05%
VSEC	B	0.05%
FMBH	C	0.05%
LNN	D	0.05%
CALX	F	0.05%
PRVA	F	0.05%
MSGE	B	0.05%
TRST	D	0.05%
RGP	F	0.05%
BJRI	D	0.05%
TREE	D	0.05%
FOR	B	0.05%
CYBR	C	0.05%
CORT	F	0.05%
GCI	A	0.05%
CVGW	D	0.05%
SHEN	F	0.05%
KRNY	F	0.05%
HTLD	F	0.05%
DNLI	F	0.05%
BBSI	A	0.05%
HALO	D	0.05%
AGL	F	0.05%
PCTY	F	0.05%
SSYS	F	0.05%
RYAN	C	0.05%
GPRK	A	0.05%
LOB	D	0.05%
NTLA	F	0.05%
IRBT	F	0.05%
CTS	B	0.05%
CWEN	B	0.05%
MYGN	D	0.05%
ZUMZ	F	0.05%
LNTH	B	0.05%
HLNE	B	0.05%
HMST	D	0.05%
AHH	D	0.05%
USNA	F	0.05%
AGX	A	0.05%
LGND	B	0.05%
MMI	D	0.05%
THR	A	0.05%
MLR	A	0.05%
UMH	B	0.05%
TBBK	D	0.05%
SCVL	A	0.05%
CLDT	D	0.05%
TNDM	A	0.05%
CERT	F	0.05%
IONS	D	0.05%
ONON	B	0.05%
TWI	D	0.05%
RAMP	D	0.05%
ACMR	A	0.05%
TAST	A	0.05%
QLYS	D	0.05%
STEP	A	0.05%
LXU	B	0.05%
GABC	C	0.05%
CNXN	C	0.05%
HWKN	A	0.05%
KNSL	C	0.05%
IIIN	D	0.05%
GLDD	D	0.05%
QCRH	C	0.05%
RMBS	D	0.05%
KE	F	0.05%
AVAV	A	0.05%
NTNX	B	0.05%
WASH	D	0.05%
IHRT	F	0.05%
RPAY	B	0.05%
PEN	F	0.05%
NVEE	F	0.05%
BANC	C	0.05%
TEAM	D	0.05%
DRQ	F	0.05%
OPI	F	0.05%
GPMT	D	0.05%
NPK	A	0.04%
PETQ	F	0.04%
ALGM	F	0.04%
MSEX	F	0.04%
CTO	A	0.04%
MCFT	F	0.04%
CARS	D	0.04%
CELH	B	0.04%
VNDA	A	0.04%
PAHC	A	0.04%
AVD	D	0.04%
DDD	F	0.04%
SRI	F	0.04%
LYEL	B	0.04%
CAC	D	0.04%
THFF	D	0.04%
UPST	F	0.04%
CIO	D	0.04%
RBLX	D	0.04%
PCOR	C	0.04%
NCNO	D	0.04%
ALTG	D	0.04%
ARRY	F	0.04%
NKTR	A	0.04%
NWPX	B	0.04%
FA	D	0.04%
CATC	D	0.04%
DOCS	F	0.04%
RVLV	D	0.04%
SSP	F	0.04%
RDFN	F	0.04%
CLOV	F	0.04%
MSBI	D	0.04%
PGC	D	0.04%
EXPI	D	0.04%
IBCP	C	0.04%
RVMD	A	0.04%
NVGS	C	0.04%
SWAV	A	0.04%
CRNC	F	0.04%
QNST	A	0.04%
NET	D	0.04%
OSG	C	0.04%
DM	C	0.04%
AMTB	D	0.04%
FLWS	D	0.04%
RMR	D	0.04%
MGPI	F	0.04%
FOUR	F	0.04%
MEG	A	0.04%
MX	F	0.04%
CHCT	F	0.04%
DVAX	D	0.04%
ELF	C	0.04%
ITOS	D	0.04%
UFCS	C	0.04%
ALTO	F	0.04%
HAYN	A	0.04%
SAGE	F	0.04%
VMEO	F	0.04%
QTWO	A	0.04%
EFC	D	0.04%
MCRI	C	0.04%
LGF.A	A	0.04%
LILA	B	0.04%
CTBI	A	0.04%
TSE	F	0.04%
PACK	A	0.04%
GRC	C	0.04%
EPAC	A	0.04%
VZIO	A	0.04%
ONEW	F	0.04%
CVLT	C	0.04%
SAVE	F	0.04%
PJT	C	0.04%
DGII	B	0.04%
RXT	F	0.04%
PLYM	D	0.04%
NFBK	F	0.04%
KRNT	F	0.04%
AVO	A	0.04%
GMRE	D	0.04%
STAA	B	0.04%
INMD	F	0.04%
MODV	F	0.04%
RNG	F	0.04%
SPWH	F	0.04%
SSTK	F	0.04%
LICY	D	0.04%
ADV	A	0.04%
VECO	B	0.04%
WTI	F	0.04%
IESC	A	0.04%
BE	D	0.04%
IPI	D	0.04%
CRAI	A	0.04%
FSLY	F	0.04%
IPAR	F	0.04%
ILPT	D	0.04%
DNA	F	0.04%
FF	A	0.04%
FBMS	D	0.04%
CBL	D	0.04%
FG	D	0.04%
COLL	B	0.04%
PRFT	F	0.04%
ASC	C	0.04%
RES	A	0.04%
INFN	D	0.04%
FIZZ	F	0.04%
CFB	D	0.04%
EXTR	F	0.04%
SHYF	F	0.04%
GIC	C	0.04%
NTST	D	0.04%
CRMT	F	0.04%
TTI	B	0.04%
AFCG	B	0.03%
TG	A	0.03%
CPRX	A	0.03%
ANIP	A	0.03%
RCUS	F	0.03%
ESTC	D	0.03%
SITM	F	0.03%
PTLO	F	0.03%
RRGB	F	0.03%
MSTR	B	0.03%
BEAM	F	0.03%
NGS	A	0.03%
VTYX	F	0.03%
CRVL	C	0.03%
TARO	B	0.03%
FIVN	F	0.03%
SGHC	D	0.03%
STGW	F	0.03%
AI	F	0.03%
EE	B	0.03%
KRYS	A	0.03%
TENB	D	0.03%
FCEL	F	0.03%
TTEC	F	0.03%
SKWD	B	0.03%
WW	F	0.03%
EQBK	B	0.03%
SMHI	D	0.03%
BFC	D	0.03%
CECO	A	0.03%
TXG	F	0.03%
CCNE	D	0.03%
LAND	F	0.03%
GASS	D	0.03%
CDNA	F	0.03%
PETS	F	0.03%
CSV	F	0.03%
ATRI	D	0.03%
MBIN	D	0.03%
HRTG	A	0.03%
PNTG	A	0.03%
IOVA	D	0.03%
FCBC	D	0.03%
ACEL	A	0.03%
FPI	D	0.03%
HONE	D	0.03%
FRSH	D	0.03%
CVEO	A	0.03%
ANGO	C	0.03%
LSEA	D	0.03%
SHC	F	0.03%
ITCI	A	0.03%
TPB	A	0.03%
CHUY	F	0.03%
CAAP	A	0.03%
CLNE	F	0.03%
JBI	B	0.03%
RGNX	F	0.03%
ARKO	F	0.03%
DV	F	0.03%
ANET	C	0.03%
HLIT	F	0.03%
NFE	D	0.03%
ITRN	D	0.03%
NVCR	F	0.03%
AMK	B	0.03%
APEI	B	0.03%
BOX	D	0.03%
RIOT	F	0.03%
SRCL	C	0.03%
BOOM	F	0.03%
COUR	F	0.03%
ALGT	F	0.03%
FSP	F	0.03%
UHT	F	0.03%
AROW	D	0.03%
TWST	D	0.03%
EHTH	F	0.03%
XENE	D	0.03%
DAKT	A	0.03%
AGTI	A	0.03%
BFST	C	0.03%
MUX	A	0.03%
CASS	C	0.03%
INFA	A	0.03%
CTRN	F	0.03%
EVBG	A	0.03%
AGS	B	0.03%
APPS	F	0.03%
UFPT	A	0.03%
JOUT	F	0.03%
LOCO	F	0.03%
AMPH	F	0.03%
AXNX	C	0.03%
CRSR	F	0.03%
FFIC	F	0.03%
LMND	F	0.03%
ACVA	A	0.03%
VPG	D	0.03%
UTZ	C	0.03%
SMAR	D	0.03%
ALTR	C	0.03%
SD	A	0.03%
TIPT	D	0.03%
AMBA	F	0.03%
OSBC	B	0.03%
GSBC	D	0.03%
IMAX	A	0.03%
JOE	D	0.03%
OLP	A	0.03%
ATNI	F	0.03%
XNCR	F	0.03%
BPMC	A	0.03%
VVI	B	0.03%
CCSI	F	0.03%
BY	D	0.03%
IMXI	A	0.03%
TRUP	F	0.03%
BAND	A	0.03%
BLBD	B	0.03%
MCS	F	0.03%
MOV	D	0.03%
TGLS	A	0.03%
PLMR	A	0.03%
DENN	F	0.03%
IRWD	F	0.03%
DFH	B	0.03%
ALX	C	0.03%
PCVX	D	0.03%
SRPT	D	0.03%
PUBM	A	0.03%
WIX	D	0.03%
HCP	F	0.03%
SIGA	A	0.03%
QS	F	0.03%
SFIX	F	0.03%
BFS	D	0.03%
FLIC	D	0.03%
TFSL	D	0.03%
OFIX	F	0.03%
FNKO	D	0.03%
VRNS	D	0.03%
IDT	C	0.03%
MCB	F	0.03%
INSP	A	0.03%
NUVB	B	0.03%
GKOS	A	0.03%
CDLX	B	0.03%
TRNS	B	0.02%
MLNK	F	0.02%
PTCT	F	0.02%
GNE	D	0.02%
GCMG	A	0.02%
CEVA	F	0.02%
CHMI	F	0.02%
SDGR	F	0.02%
STEM	F	0.02%
CARE	F	0.02%
LMNR	A	0.02%
NOTV	D	0.02%
JILL	D	0.02%
CSTL	D	0.02%
LCUT	B	0.02%
OSW	D	0.02%
MG	A	0.02%
ASLE	F	0.02%
LINC	C	0.02%
UTI	C	0.02%
FRBA	D	0.02%
FATE	D	0.02%
RKLB	F	0.02%
SILC	D	0.02%
HCAT	F	0.02%
BLDE	A	0.02%
ADPT	F	0.02%
ZETA	A	0.02%
CVLY	D	0.02%
XPEL	D	0.02%
RLGT	F	0.02%
ACDC	D	0.02%
PHR	F	0.02%
GROY	A	0.02%
ORGN	D	0.02%
NRC	F	0.02%
LASR	F	0.02%
MOFG	D	0.02%
VICR	F	0.02%
PL	F	0.02%
SPFI	D	0.02%
TELL	F	0.02%
SNCY	C	0.02%
TLYS	F	0.02%
MCW	F	0.02%
NBN	C	0.02%
BNED	F	0.02%
ALHC	D	0.02%
PCT	D	0.02%
TH	B	0.02%
OPRT	F	0.02%
NEWT	D	0.02%
MYPS	D	0.02%
DOCN	F	0.02%
AMWL	F	0.02%
FRHC	F	0.02%
ULCC	C	0.02%
NRIM	D	0.02%
ASPN	D	0.02%
PRPL	D	0.02%
FWRG	C	0.02%
NARI	F	0.02%
AJX	F	0.02%
PINE	D	0.02%
SMBK	F	0.02%
FORR	F	0.02%
BHR	C	0.02%
GENI	F	0.02%
ARAY	F	0.02%
ACAD	F	0.02%
NATR	B	0.02%
PDFS	F	0.02%
MITK	B	0.02%
CTKB	F	0.02%
ZIP	F	0.02%
MITT	D	0.02%
TCX	F	0.02%
AUPH	F	0.02%
BW	F	0.02%
POWW	A	0.02%
JAKK	F	0.02%
WSBF	D	0.02%
UDMY	F	0.02%
CRNX	A	0.02%
SPOK	C	0.02%
HIMS	B	0.02%
ZNTL	F	0.02%
DGICA	F	0.02%
CMT	B	0.02%
SHLS	F	0.02%
IIIV	A	0.02%
KURA	D	0.02%
PAX	D	0.02%
TRC	D	0.02%
GRNT	A	0.02%
CRNT	D	0.02%
NINE	C	0.02%
SHBI	D	0.02%
MNDY	D	0.02%
ALCO	C	0.02%
RICK	F	0.02%
ULH	C	0.02%
CLAR	D	0.02%
GOGO	F	0.02%
SFST	F	0.02%
GTLB	F	0.02%
OSPN	F	0.02%
VLGEA	A	0.02%
PLPC	F	0.02%
STHO	F	0.02%
BL	B	0.02%
ARWR	F	0.02%
DUOL	B	0.02%
SMMF	D	0.02%
NGVC	B	0.02%
SEER	F	0.02%
FIGS	F	0.02%
HSTM	D	0.02%
FLXS	A	0.02%
HTBI	D	0.02%
HCI	A	0.02%
ACCD	D	0.02%
MEC	A	0.02%
PKE	B	0.02%
CTOS	F	0.02%
EGRX	F	0.02%
WRBY	D	0.02%
PEGA	C	0.02%
OLO	F	0.02%
SWIM	B	0.02%
BARK	F	0.02%
MCBC	A	0.02%
TWOU	F	0.02%
PWSC	F	0.02%
YORW	F	0.02%
IGIC	A	0.02%
PRTA	F	0.02%
AVNW	C	0.02%
CYRX	B	0.02%
LOVE	F	0.02%
DESP	A	0.02%
ALNY	F	0.02%
ZS	F	0.02%
BHB	D	0.02%
BOC	D	0.02%
WLDN	A	0.02%
ORRF	C	0.02%
TSVT	F	0.02%
LYTS	D	0.02%
ACNB	F	0.02%
GEVO	F	0.02%
PLCE	F	0.02%
UPWK	F	0.02%
AUR	C	0.02%
EWCZ	F	0.02%
SWTX	D	0.02%
CCB	D	0.02%
RBBN	D	0.02%
VITL	A	0.02%
AMSWA	D	0.02%
REPL	F	0.02%
ASRT	F	0.02%
GRPN	F	0.02%
IRTC	A	0.02%
TTGT	F	0.02%
BMRC	D	0.02%
SLDP	D	0.02%
NABL	D	0.02%
ATEN	D	0.02%
ARTNA	F	0.02%
TBRG	F	0.02%
SMBC	D	0.02%
POWL	D	0.02%
HOFT	F	0.02%
DOUG	F	0.02%
DCGO	F	0.02%
FROG	D	0.02%
NVRO	F	0.02%
NVAX	F	0.02%
ATRC	F	0.02%
RNGR	D	0.02%
RARE	D	0.02%
INGN	C	0.02%
EGHT	F	0.02%
HIFS	C	0.02%
RMAX	F	0.02%
QURE	F	0.02%
JAMF	C	0.02%
BELFB	D	0.02%
CLBK	D	0.02%
RLAY	F	0.02%
FUBO	F	0.02%
REAL	A	0.02%
BWB	D	0.02%
OSUR	F	0.02%
ANIK	A	0.02%
RBB	C	0.02%
SWI	C	0.02%
RMBL	F	0.02%
FRST	D	0.02%
PAR	D	0.02%
HA	C	0.02%
RCKY	D	0.02%
DXLG	F	0.02%
SGC	A	0.02%
ARLO	B	0.02%
AHT	F	0.02%
AMAL	D	0.02%
GLBE	D	0.02%
RDWR	D	0.02%
LMAT	C	0.02%
SBR	A	0.02%
ZGN	D	0.02%
SOI	B	0.02%
FISI	D	0.02%
LMB	D	0.02%
USAP	A	0.02%
LFST	F	0.02%
FARO	D	0.02%
CCBG	F	0.02%
PKOH	D	0.02%
FLYW	F	0.02%
BGFV	F	0.02%
SPWR	F	0.02%
LE	A	0.02%
VRA	D	0.02%
INBK	C	0.02%
HCKT	D	0.02%
NRIX	A	0.02%
FMNB	D	0.02%
CVGI	F	0.02%
HEAR	A	0.02%
ATRO	D	0.02%
ENTA	C	0.02%
BBW	A	0.02%
MSGS	D	0.02%
NOVA	F	0.02%
CGNT	D	0.02%
MLAB	F	0.02%
NAPA	F	0.02%
ALRS	D	0.02%
PGNY	D	0.02%
PANL	D	0.02%
BRP	C	0.02%
GLRE	A	0.02%
RBCAA	D	0.02%
PYCR	F	0.02%
CFLT	F	0.02%
FSTR	B	0.02%
GTX	B	0.02%
SGMO	F	0.01%
AMPS	F	0.01%
AAOI	F	0.01%
MAXN	F	0.01%
CRBU	F	0.01%
ENVX	F	0.01%
OM	F	0.01%
BIRD	F	0.01%
RXRX	F	0.01%
KOD	F	0.01%
XMTR	F	0.01%
IREN	F	0.01%
NDLS	F	0.01%
VERV	F	0.01%
HNRG	F	0.01%
UPLD	F	0.01%
QTRX	F	0.01%
PBPB	D	0.01%
ARCT	F	0.01%
SPCE	F	0.01%
QUAD	F	0.01%
BRZE	F	0.01%
JOBY	F	0.01%
WK	F	0.01%
MORF	F	0.01%
KLXE	F	0.01%
IAS	F	0.01%
FOLD	D	0.01%
COFS	D	0.01%
PRTS	F	0.01%
CWCO	F	0.01%
MARA	F	0.01%
MPAA	F	0.01%
INDI	F	0.01%
NRDS	D	0.01%
ONTF	D	0.01%
BBCP	D	0.01%
FSBW	D	0.01%
FLNC	F	0.01%
ESQ	D	0.01%
LEGH	D	0.01%
CCCC	D	0.01%
NKLA	D	0.01%
RRBI	F	0.01%
CONN	D	0.01%
RPD	D	0.01%
ORGO	F	0.01%
PLRX	F	0.01%
DLO	F	0.01%
FVRR	F	0.01%
DH	F	0.01%
TRUE	D	0.01%
EVC	F	0.01%
MVBF	D	0.01%
CMTL	F	0.01%
NKSH	D	0.01%
CDMO	F	0.01%
YOU	D	0.01%
PFIS	D	0.01%
LL	F	0.01%
IDYA	D	0.01%
MFIN	D	0.01%
DNMR	F	0.01%
OLPX	F	0.01%
OBT	D	0.01%
IBEX	F	0.01%
BLFY	D	0.01%
RCKT	D	0.01%
CRD.B	C	0.01%
TCMD	F	0.01%
NNBR	D	0.01%
OABI	F	0.01%
NECB	D	0.01%
GDYN	F	0.01%
FET	D	0.01%
FOSL	F	0.01%
SLQT	B	0.01%
ALLO	F	0.01%
UNTY	C	0.01%
HBT	D	0.01%
IHS	C	0.01%
CHPT	F	0.01%
SKLZ	F	0.01%
APPF	C	0.01%
PSTL	D	0.01%
CLDX	D	0.01%
FC	D	0.01%
FUNC	A	0.01%
VCEL	B	0.01%
ARVN	D	0.01%
TWKS	F	0.01%
YEXT	F	0.01%
RELL	B	0.01%
EDIT	F	0.01%
KYMR	D	0.01%
MPB	D	0.01%
CGEM	B	0.01%
ODC	C	0.01%
PACB	F	0.01%
CLFD	F	0.01%
WINA	C	0.01%
HRMY	D	0.01%
CDRE	D	0.01%
BLFS	D	0.01%
FRPH	C	0.01%
LPRO	F	0.01%
LQDT	D	0.01%
INSE	D	0.01%
CZFS	F	0.01%
BPT	D	0.01%
RM	B	0.01%
VTNR	F	0.01%
HDSN	D	0.01%
CXM	F	0.01%
FLL	D	0.01%
UFI	F	0.01%
ZUO	A	0.01%
KIDS	C	0.01%
ME	F	0.01%
BRT	B	0.01%
ERII	F	0.01%
UEC	B	0.01%
MCBS	C	0.01%
AKRO	F	0.01%
EPM	D	0.01%
BELFA	A	0.0%
LPSN	F	0.0%

PRFZ Underweight 109 Positions Relative to SPEM

Symbol	Grade	Weight
BABA	F	-1.69%
HDB	B	-1.23%
PDD	D	-0.94%
IBN	B	-0.89%
INFY	D	-0.77%
VALE	F	-0.52%
ITUB	C	-0.44%
BIDU	F	-0.35%
PBR	C	-0.35%
TCOM	A	-0.29%
UMC	D	-0.28%
LI	F	-0.21%
CHT	B	-0.21%
BBD	D	-0.21%
YUMC	F	-0.19%
RDY	C	-0.17%
BAP	C	-0.16%
WIT	D	-0.15%
SCCO	A	-0.14%
ABEV	F	-0.14%
CIG	A	-0.11%
EBR	D	-0.11%
BGNE	F	-0.11%
ZTO	B	-0.11%
BEKE	D	-0.11%
BVN	B	-0.09%
GGB	D	-0.09%
ERJ	A	-0.09%
NIO	F	-0.08%
TME	A	-0.08%
ASAI	D	-0.08%
XP	D	-0.08%
PAC	B	-0.08%
TAL	C	-0.07%
BZ	A	-0.06%
ENIC	D	-0.06%
VIPS	D	-0.06%
YMM	A	-0.06%
SUZ	B	-0.05%
STNE	D	-0.05%
SBSW	C	-0.05%
CSAN	F	-0.05%
CIB	B	-0.05%
XPEV	F	-0.05%
SID	F	-0.04%
BRFS	A	-0.04%
LEGN	F	-0.04%
MNSO	B	-0.03%
VALE	F	-0.03%
QFIN	A	-0.03%
VIST	A	-0.03%
SIMO	B	-0.03%
BILI	C	-0.03%
GOTU	C	-0.02%
RLX	C	-0.02%
YY	B	-0.02%
ATHM	F	-0.02%
IQ	B	-0.02%
DQ	D	-0.02%
GRIN	A	-0.02%
BAK	B	-0.02%
BCH	A	-0.02%
GRIN	A	-0.01%
EH	A	-0.01%
CSAN	F	-0.01%
HIMX	F	-0.01%
HEPS	D	-0.01%
GDS	F	-0.01%
MOMO	D	-0.01%
VTEX	D	-0.01%
JKS	F	-0.01%
YNDX	C	-0.0%
GPI	C	-0.0%
CNTB	B	-0.0%
KNDI	C	-0.0%
ZENV	B	-0.0%
IH	F	-0.0%
VSTA	D	-0.0%
TROO	F	-0.0%
YI	F	-0.0%
NIU	C	-0.0%
IMAB	C	-0.0%
SOL	F	-0.0%
BTBT	F	-0.0%
TUYA	F	-0.0%
NEGG	F	-0.0%
DAO	F	-0.0%
DADA	F	-0.0%
CINT	D	-0.0%
XNET	F	-0.0%
DDL	F	-0.0%
LX	F	-0.0%
SOHU	A	-0.0%
VNET	F	-0.0%
API	F	-0.0%
CAN	F	-0.0%
CBAT	D	-0.0%
HUYA	A	-0.0%
NEXA	A	-0.0%
CBD	F	-0.0%
FINV	D	-0.0%
ZH	F	-0.0%
FANH	F	-0.0%
NOAH	B	-0.0%
RERE	C	-0.0%
TIGR	F	-0.0%
BLTE	D	-0.0%
YALA	D	-0.0%
WB	D	-0.0%