BND vs. PRF ETF Comparison

Comparison of Vanguard Total Bond Market ETF (BND) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

BND

Vanguard Total Bond Market ETF

BND Description

The investment seeks the performance of a broad, market-weighted bond index. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Aggregate Float Adjusted Index. This Index represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.31

Average Daily Volume

5,728,383

Number of Holdings ^*

546

* may have additional holdings in another (foreign) market

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

$40.57

Average Daily Volume

294,944

Number of Holdings ^*

976

* may have additional holdings in another (foreign) market

Performance

Period	BND	PRF
30 Days	1.31%	3.13%
60 Days	4.19%	4.00%
90 Days	4.80%	7.05%
12 Months	10.48%	25.91%

469 Overlapping Holdings

Symbol	Grade	Weight in BND	Weight in PRF	Overlap
A	C	0.01%	0.04%	0.01%
AAL	D	0.01%	0.01%	0.01%
AAP	F	0.01%	0.02%	0.01%
AAPL	C	0.01%	2.38%	0.01%
ABBV	C	0.01%	0.69%	0.01%
ABT	C	0.01%	0.34%	0.01%
ACGL	C	0.01%	0.08%	0.01%
ADBE	F	0.01%	0.13%	0.01%
ADC	C	0.01%	0.02%	0.01%
ADI	C	0.01%	0.18%	0.01%
ADM	D	0.01%	0.26%	0.01%
ADP	B	0.01%	0.14%	0.01%
ADSK	C	0.01%	0.02%	0.01%
AEE	C	0.01%	0.09%	0.01%
AEP	C	0.01%	0.24%	0.01%
AER	B	0.01%	0.09%	0.01%
AES	C	0.01%	0.07%	0.01%
AFG	B	0.01%	0.05%	0.01%
AFL	C	0.01%	0.21%	0.01%
AGO	C	0.01%	0.02%	0.01%
AGR	B	0.01%	0.02%	0.01%
AIG	D	0.01%	0.31%	0.01%
AIZ	B	0.01%	0.04%	0.01%
AJG	D	0.01%	0.07%	0.01%
AL	D	0.01%	0.03%	0.01%
ALB	D	0.01%	0.03%	0.01%
ALL	B	0.01%	0.2%	0.01%
ALLE	B	0.01%	0.02%	0.01%
ALLY	F	0.01%	0.08%	0.01%
AMAT	D	0.01%	0.13%	0.01%
AMG	C	0.01%	0.02%	0.01%
AMGN	B	0.01%	0.38%	0.01%
AMH	C	0.01%	0.03%	0.01%
AMP	A	0.01%	0.08%	0.01%
AMT	C	0.01%	0.19%	0.01%
AMZN	C	0.01%	1.63%	0.01%
AN	D	0.01%	0.05%	0.01%
AON	B	0.01%	0.07%	0.01%
APD	B	0.01%	0.15%	0.01%
APH	D	0.01%	0.08%	0.01%
APO	C	0.01%	0.03%	0.01%
APTV	D	0.01%	0.05%	0.01%
ARE	C	0.01%	0.07%	0.01%
ARW	C	0.01%	0.09%	0.01%
ATO	B	0.01%	0.06%	0.01%
AVA	C	0.01%	0.02%	0.01%
AVB	B	0.01%	0.09%	0.01%
AVGO	C	0.01%	0.51%	0.01%
AVT	C	0.01%	0.04%	0.01%
AVY	C	0.01%	0.04%	0.01%
AWK	B	0.01%	0.06%	0.01%
AXP	B	0.01%	0.28%	0.01%
AXS	B	0.01%	0.03%	0.01%
AYI	B	0.01%	0.02%	0.01%
AZO	D	0.01%	0.07%	0.01%
BA	F	0.01%	0.14%	0.01%
BAC	D	0.01%	1.23%	0.01%
BAX	C	0.01%	0.07%	0.01%
BBY	C	0.01%	0.15%	0.01%
BC	C	0.01%	0.02%	0.01%
BDN	B	0.01%	0.01%	0.01%
BDX	D	0.01%	0.14%	0.01%
BEN	F	0.01%	0.03%	0.01%
BERY	B	0.01%	0.04%	0.01%
BG	D	0.01%	0.12%	0.01%
BHF	F	0.01%	0.02%	0.01%
BIIB	F	0.01%	0.11%	0.01%
BK	B	0.01%	0.26%	0.01%
BKH	B	0.01%	0.02%	0.01%
BKNG	C	0.01%	0.08%	0.01%
BLK	B	0.01%	0.3%	0.01%
BMY	C	0.01%	0.36%	0.01%
BR	D	0.01%	0.03%	0.01%
BRO	C	0.01%	0.03%	0.01%
BRX	B	0.01%	0.03%	0.01%
BSX	B	0.01%	0.12%	0.01%
BWA	D	0.01%	0.05%	0.01%
BXP	B	0.01%	0.06%	0.01%
C	C	0.01%	1.02%	0.01%
CAG	C	0.01%	0.08%	0.01%
CAH	C	0.01%	0.29%	0.01%
CARR	B	0.01%	0.12%	0.01%
CAT	B	0.01%	0.31%	0.01%
CB	B	0.01%	0.32%	0.01%
CBOE	C	0.01%	0.02%	0.01%
CBT	B	0.01%	0.02%	0.01%
CCI	C	0.01%	0.15%	0.01%
CDNS	D	0.01%	0.02%	0.01%
CE	F	0.01%	0.04%	0.01%
CF	C	0.01%	0.06%	0.01%
CFG	C	0.01%	0.14%	0.01%
CHD	D	0.01%	0.04%	0.01%
CHRW	B	0.01%	0.07%	0.01%
CHTR	D	0.01%	0.23%	0.01%
CI	C	0.01%	0.44%	0.01%
CINF	B	0.01%	0.08%	0.01%
CL	D	0.01%	0.16%	0.01%
CLX	C	0.01%	0.05%	0.01%
CMA	B	0.01%	0.05%	0.01%
CMCSA	D	0.01%	0.75%	0.01%
CME	C	0.01%	0.15%	0.01%
CMI	C	0.01%	0.13%	0.01%
CMS	C	0.01%	0.08%	0.01%
CNH	D	0.01%	0.05%	0.01%
CNO	B	0.01%	0.02%	0.01%
CNP	C	0.01%	0.07%	0.01%
COF	B	0.01%	0.33%	0.01%
COP	D	0.01%	0.41%	0.01%
COST	B	0.01%	0.59%	0.01%
CPB	C	0.01%	0.04%	0.01%
CPT	B	0.01%	0.04%	0.01%
CRM	D	0.01%	0.2%	0.01%
CSCO	C	0.01%	0.58%	0.01%
CSL	B	0.01%	0.03%	0.01%
CSX	D	0.01%	0.14%	0.01%
CTAS	B	0.01%	0.06%	0.01%
CTVA	B	0.01%	0.1%	0.01%
CUBE	B	0.01%	0.02%	0.01%
CVS	D	0.01%	0.59%	0.01%
CVX	D	0.01%	1.06%	0.01%
D	C	0.01%	0.28%	0.01%
DAL	C	0.01%	0.03%	0.01%
DD	B	0.01%	0.17%	0.01%
DE	B	0.01%	0.23%	0.01%
DFS	B	0.01%	0.16%	0.01%
DG	F	0.01%	0.06%	0.01%
DGX	B	0.01%	0.07%	0.01%
DHI	B	0.01%	0.15%	0.01%
DHR	B	0.01%	0.19%	0.01%
DIS	D	0.01%	0.37%	0.01%
DLR	B	0.01%	0.12%	0.01%
DLTR	F	0.01%	0.04%	0.01%
DOC	C	0.01%	0.08%	0.01%
DOV	B	0.01%	0.05%	0.01%
DOW	D	0.01%	0.22%	0.01%
DOX	C	0.01%	0.03%	0.01%
DRI	B	0.01%	0.05%	0.01%
DTE	C	0.01%	0.11%	0.01%
DUK	C	0.01%	0.45%	0.01%
DVN	F	0.01%	0.11%	0.01%
DXC	C	0.01%	0.05%	0.01%
EA	D	0.01%	0.04%	0.01%
EBAY	B	0.01%	0.1%	0.01%
ECL	B	0.01%	0.08%	0.01%
ED	C	0.01%	0.17%	0.01%
EFX	B	0.01%	0.04%	0.01%
EG	C	0.01%	0.05%	0.01%
EIX	C	0.01%	0.15%	0.01%
EL	F	0.01%	0.03%	0.01%
EMN	B	0.01%	0.07%	0.01%
EMR	D	0.01%	0.12%	0.01%
EOG	D	0.01%	0.25%	0.01%
EPR	B	0.01%	0.02%	0.01%
EQH	C	0.01%	0.05%	0.01%
EQIX	C	0.01%	0.1%	0.01%
EQR	B	0.01%	0.09%	0.01%
ES	C	0.01%	0.12%	0.01%
ESGR	D	0.01%	0.02%	0.01%
ESS	B	0.01%	0.05%	0.01%
ETN	C	0.01%	0.17%	0.01%
ETR	B	0.01%	0.13%	0.01%
EVRG	B	0.01%	0.08%	0.01%
EW	F	0.01%	0.03%	0.01%
EXC	C	0.01%	0.22%	0.01%
EXPE	C	0.01%	0.03%	0.01%
EXR	B	0.01%	0.04%	0.01%
FAF	B	0.01%	0.04%	0.01%
FANG	D	0.01%	0.08%	0.01%
FDX	C	0.01%	0.32%	0.01%
FE	C	0.01%	0.12%	0.01%
FHN	D	0.01%	0.04%	0.01%
FIS	B	0.01%	0.15%	0.01%
FITB	B	0.01%	0.13%	0.01%
FLEX	C	0.01%	0.06%	0.01%
FLO	C	0.01%	0.02%	0.01%
FLS	D	0.01%	0.02%	0.01%
FMC	C	0.01%	0.04%	0.01%
FNF	B	0.01%	0.07%	0.01%
FOXA	B	0.01%	0.05%	0.01%
FRT	C	0.01%	0.03%	0.01%
FTNT	C	0.01%	0.01%	0.01%
FTV	C	0.01%	0.03%	0.01%
GD	B	0.01%	0.2%	0.01%
GE	B	0.01%	0.23%	0.01%
GILD	B	0.01%	0.36%	0.01%
GIS	B	0.01%	0.15%	0.01%
GL	C	0.01%	0.03%	0.01%
GLPI	C	0.01%	0.03%	0.01%
GLW	C	0.01%	0.12%	0.01%
GM	C	0.01%	0.67%	0.01%
GOOGL	D	0.01%	0.97%	0.01%
GPC	D	0.01%	0.06%	0.01%
GPN	D	0.01%	0.07%	0.01%
GS	C	0.01%	0.66%	0.01%
GWW	B	0.01%	0.05%	0.01%
GXO	D	0.01%	0.02%	0.01%
HAL	F	0.01%	0.06%	0.01%
HAS	B	0.01%	0.05%	0.01%
HBAN	B	0.01%	0.1%	0.01%
HCA	B	0.01%	0.19%	0.01%
HD	B	0.01%	0.71%	0.01%
HES	F	0.01%	0.05%	0.01%
HIG	B	0.01%	0.15%	0.01%
HII	D	0.01%	0.03%	0.01%
HIW	B	0.01%	0.02%	0.01%
HOG	C	0.01%	0.02%	0.01%
HON	D	0.01%	0.28%	0.01%
HP	F	0.01%	0.01%	0.01%
HPE	D	0.01%	0.16%	0.01%
HPP	D	0.01%	0.01%	0.01%
HPQ	D	0.01%	0.18%	0.01%
HRB	C	0.01%	0.03%	0.01%
HRL	C	0.01%	0.04%	0.01%
HST	C	0.01%	0.04%	0.01%
HSY	C	0.01%	0.05%	0.01%
HUBB	B	0.01%	0.03%	0.01%
HUM	F	0.01%	0.17%	0.01%
HUN	D	0.01%	0.03%	0.01%
IBM	B	0.01%	0.57%	0.01%
ICE	C	0.01%	0.13%	0.01%
IEX	D	0.01%	0.02%	0.01%
IFF	B	0.01%	0.1%	0.01%
ILMN	C	0.01%	0.02%	0.01%
INGR	B	0.01%	0.04%	0.01%
INTC	F	0.01%	0.37%	0.01%
INTU	C	0.01%	0.09%	0.01%
INVH	C	0.01%	0.05%	0.01%
IP	B	0.01%	0.14%	0.01%
IPG	C	0.01%	0.05%	0.01%
ITW	C	0.01%	0.12%	0.01%
IVZ	B	0.01%	0.05%	0.01%
JBHT	D	0.01%	0.03%	0.01%
JBL	D	0.01%	0.05%	0.01%
JCI	B	0.01%	0.16%	0.01%
JEF	B	0.01%	0.06%	0.01%
JHG	B	0.01%	0.03%	0.01%
JLL	B	0.01%	0.06%	0.01%
JNJ	C	0.01%	1.05%	0.01%
JNPR	B	0.01%	0.03%	0.01%
JPM	D	0.01%	2.0%	0.01%
K	B	0.01%	0.08%	0.01%
KDP	B	0.01%	0.11%	0.01%
KEX	C	0.01%	0.02%	0.01%
KEY	B	0.01%	0.1%	0.01%
KEYS	C	0.01%	0.03%	0.01%
KIM	C	0.01%	0.05%	0.01%
KLAC	D	0.01%	0.06%	0.01%
KMB	D	0.01%	0.15%	0.01%
KMI	B	0.01%	0.25%	0.01%
KMPR	D	0.01%	0.02%	0.01%
KMT	B	0.01%	0.01%	0.01%
KO	C	0.01%	0.56%	0.01%
KR	C	0.01%	0.31%	0.01%
KRC	B	0.01%	0.02%	0.01%
KRG	B	0.01%	0.02%	0.01%
KSS	F	0.01%	0.04%	0.01%
L	C	0.01%	0.06%	0.01%
LDOS	B	0.01%	0.06%	0.01%
LEA	F	0.01%	0.04%	0.01%
LEG	D	0.01%	0.02%	0.01%
LEN	B	0.01%	0.01%	0.01%
LEN	B	0.01%	0.14%	0.01%
LHX	C	0.01%	0.11%	0.01%
LII	B	0.01%	0.02%	0.01%
LIN	B	0.01%	0.31%	0.01%
LLY	C	0.01%	0.27%	0.01%
LMT	C	0.01%	0.38%	0.01%
LNC	D	0.01%	0.06%	0.01%
LNT	B	0.01%	0.06%	0.01%
LOW	B	0.01%	0.34%	0.01%
LRCX	F	0.01%	0.08%	0.01%
LUV	C	0.01%	0.02%	0.01%
LVS	D	0.01%	0.03%	0.01%
LXP	B	0.01%	0.01%	0.01%
LYB	D	0.01%	0.17%	0.01%
MA	B	0.01%	0.18%	0.01%
MAA	B	0.01%	0.05%	0.01%
MAR	C	0.01%	0.05%	0.01%
MAS	B	0.01%	0.03%	0.01%
MCD	B	0.01%	0.3%	0.01%
MCHP	F	0.01%	0.06%	0.01%
MCK	F	0.01%	0.4%	0.01%
MCO	B	0.01%	0.06%	0.01%
MDLZ	B	0.01%	0.22%	0.01%
MDT	C	0.01%	0.38%	0.01%
MET	B	0.01%	0.28%	0.01%
MHK	C	0.01%	0.06%	0.01%
MKC	C	0.01%	0.05%	0.01%
MKL	C	0.01%	0.08%	0.01%
MLM	D	0.01%	0.04%	0.01%
MMC	C	0.01%	0.15%	0.01%
MMM	B	0.01%	0.44%	0.01%
MO	C	0.01%	0.52%	0.01%
MOS	F	0.01%	0.06%	0.01%
MPC	F	0.01%	0.34%	0.01%
MRK	D	0.01%	0.51%	0.01%
MRO	C	0.01%	0.07%	0.01%
MRVL	C	0.01%	0.06%	0.01%
MS	D	0.01%	0.45%	0.01%
MSFT	C	0.01%	1.98%	0.01%
MSI	B	0.01%	0.07%	0.01%
MTB	B	0.01%	0.13%	0.01%
MU	F	0.01%	0.29%	0.01%
NDAQ	A	0.01%	0.03%	0.01%
NEE	C	0.01%	0.45%	0.01%
NEM	B	0.01%	0.22%	0.01%
NFG	B	0.01%	0.02%	0.01%
NI	B	0.01%	0.06%	0.01%
NKE	D	0.01%	0.13%	0.01%
NNN	C	0.01%	0.03%	0.01%
NOC	B	0.01%	0.19%	0.01%
NOV	F	0.01%	0.02%	0.01%
NOW	B	0.01%	0.03%	0.01%
NSC	C	0.01%	0.13%	0.01%
NTAP	D	0.01%	0.06%	0.01%
NTRS	A	0.01%	0.08%	0.01%
NUE	F	0.01%	0.12%	0.01%
NVDA	D	0.01%	0.23%	0.01%
NVR	B	0.01%	0.05%	0.01%
NVT	D	0.01%	0.02%	0.01%
NWE	B	0.01%	0.02%	0.01%
NXPI	F	0.01%	0.08%	0.01%
O	C	0.01%	0.11%	0.01%
OC	D	0.01%	0.04%	0.01%
OGE	C	0.01%	0.04%	0.01%
OGS	B	0.01%	0.02%	0.01%
OHI	B	0.01%	0.03%	0.01%
OKE	B	0.01%	0.16%	0.01%
OMC	B	0.01%	0.08%	0.01%
ORCL	C	0.01%	0.3%	0.01%
ORI	B	0.01%	0.06%	0.01%
ORLY	C	0.01%	0.06%	0.01%
OSK	F	0.01%	0.02%	0.01%
OTIS	C	0.01%	0.06%	0.01%
PCAR	D	0.01%	0.12%	0.01%
PCG	C	0.01%	0.11%	0.01%
PECO	B	0.01%	0.01%	0.01%
PEG	B	0.01%	0.15%	0.01%
PEP	C	0.01%	0.55%	0.01%
PFE	C	0.01%	0.91%	0.01%
PFG	B	0.01%	0.1%	0.01%
PG	C	0.01%	0.78%	0.01%
PGR	B	0.01%	0.25%	0.01%
PH	B	0.01%	0.1%	0.01%
PHM	B	0.01%	0.08%	0.01%
PKG	B	0.01%	0.06%	0.01%
PLD	C	0.01%	0.18%	0.01%
PM	C	0.01%	0.68%	0.01%
PNC	B	0.01%	0.33%	0.01%
PNR	B	0.01%	0.03%	0.01%
PNW	C	0.01%	0.06%	0.01%
PPG	D	0.01%	0.07%	0.01%
PPL	C	0.01%	0.14%	0.01%
PRU	C	0.01%	0.23%	0.01%
PSA	B	0.01%	0.08%	0.01%
PSX	F	0.01%	0.29%	0.01%
PWR	B	0.01%	0.05%	0.01%
PYPL	B	0.01%	0.18%	0.01%
QCOM	D	0.01%	0.33%	0.01%
QRVO	F	0.01%	0.03%	0.01%
R	A	0.01%	0.06%	0.01%
REG	C	0.01%	0.04%	0.01%
REGN	C	0.01%	0.16%	0.01%
REXR	C	0.01%	0.02%	0.01%
RF	B	0.01%	0.11%	0.01%
RGA	C	0.01%	0.06%	0.01%
RJF	C	0.01%	0.05%	0.01%
RL	C	0.01%	0.02%	0.01%
RNR	C	0.01%	0.02%	0.01%
ROK	D	0.01%	0.05%	0.01%
ROP	C	0.01%	0.07%	0.01%
ROST	C	0.01%	0.07%	0.01%
RPM	B	0.01%	0.03%	0.01%
RPRX	C	0.01%	0.02%	0.01%
RS	D	0.01%	0.05%	0.01%
RSG	D	0.01%	0.07%	0.01%
RTX	C	0.01%	0.51%	0.01%
RYN	C	0.01%	0.01%	0.01%
SBRA	C	0.01%	0.02%	0.01%
SBUX	C	0.01%	0.19%	0.01%
SCCO	D	0.01%	0.02%	0.01%
SCHW	D	0.01%	0.15%	0.01%
SF	A	0.01%	0.03%	0.01%
SHW	B	0.01%	0.09%	0.01%
SIGI	D	0.01%	0.01%	0.01%
SJM	C	0.01%	0.05%	0.01%
SLB	F	0.01%	0.13%	0.01%
SLG	B	0.01%	0.04%	0.01%
SNA	C	0.01%	0.04%	0.01%
SNV	C	0.01%	0.03%	0.01%
SNX	D	0.01%	0.04%	0.01%
SO	B	0.01%	0.39%	0.01%
SON	C	0.01%	0.03%	0.01%
SPG	B	0.01%	0.12%	0.01%
SPGI	B	0.01%	0.19%	0.01%
SRE	C	0.01%	0.18%	0.01%
STE	C	0.01%	0.03%	0.01%
STLD	F	0.01%	0.06%	0.01%
STT	A	0.01%	0.15%	0.01%
STZ	D	0.01%	0.07%	0.01%
SUI	B	0.01%	0.04%	0.01%
SWK	B	0.01%	0.08%	0.01%
SWKS	D	0.01%	0.04%	0.01%
SWX	C	0.01%	0.02%	0.01%
SYF	C	0.01%	0.17%	0.01%
SYK	C	0.01%	0.12%	0.01%
SYY	D	0.01%	0.15%	0.01%
T	C	0.01%	1.21%	0.01%
TAP	D	0.01%	0.05%	0.01%
TDY	B	0.01%	0.04%	0.01%
TEL	D	0.01%	0.1%	0.01%
TFC	C	0.01%	0.34%	0.01%
TGT	C	0.01%	0.3%	0.01%
THG	B	0.01%	0.02%	0.01%
TJX	B	0.01%	0.2%	0.01%
TKR	D	0.01%	0.02%	0.01%
TMO	B	0.01%	0.27%	0.01%
TMUS	C	0.01%	0.3%	0.01%
TRMB	C	0.01%	0.02%	0.01%
TRV	C	0.01%	0.23%	0.01%
TSCO	C	0.01%	0.05%	0.01%
TSN	C	0.01%	0.16%	0.01%
TT	B	0.01%	0.09%	0.01%
TXN	C	0.01%	0.34%	0.01%
TXT	D	0.01%	0.05%	0.01%
UAL	C	0.01%	0.04%	0.01%
UDR	C	0.01%	0.04%	0.01%
UHS	B	0.01%	0.06%	0.01%
UNH	C	0.01%	1.12%	0.01%
UNM	B	0.01%	0.07%	0.01%
UNP	C	0.01%	0.28%	0.01%
UPS	D	0.01%	0.33%	0.01%
USB	B	0.01%	0.35%	0.01%
V	C	0.01%	0.25%	0.01%
VFC	C	0.01%	0.06%	0.01%
VLO	F	0.01%	0.34%	0.01%
VMC	D	0.01%	0.04%	0.01%
VMI	D	0.01%	0.02%	0.01%
VNO	B	0.01%	0.05%	0.01%
VNT	F	0.01%	0.01%	0.01%
VOYA	B	0.01%	0.03%	0.01%
VRSK	D	0.01%	0.03%	0.01%
VTR	C	0.01%	0.12%	0.01%
VTRS	D	0.01%	0.09%	0.01%
VZ	B	0.01%	1.36%	0.01%
WAB	B	0.01%	0.06%	0.01%
WBA	F	0.01%	0.12%	0.01%
WBS	D	0.01%	0.03%	0.01%
WEC	C	0.01%	0.12%	0.01%
WELL	C	0.01%	0.16%	0.01%
WFC	D	0.01%	0.97%	0.01%
WHR	D	0.01%	0.05%	0.01%
WLK	D	0.01%	0.02%	0.01%
WM	D	0.01%	0.12%	0.01%
WMB	B	0.01%	0.2%	0.01%
WMT	C	0.01%	1.16%	0.01%
WPC	C	0.01%	0.04%	0.01%
WRB	C	0.01%	0.04%	0.01%
WTFC	B	0.01%	0.02%	0.01%
WTRG	D	0.01%	0.03%	0.01%
WU	F	0.01%	0.03%	0.01%
WY	C	0.01%	0.1%	0.01%
XEL	B	0.01%	0.14%	0.01%
XOM	C	0.01%	2.19%	0.01%
XRAY	D	0.01%	0.01%	0.01%
XYL	C	0.01%	0.03%	0.01%
ZBH	F	0.01%	0.05%	0.01%
ZION	D	0.01%	0.04%	0.01%
ZTS	C	0.01%	0.06%	0.01%

BND Overweight 78 Positions Relative to PRF

Symbol	Grade	Weight
WIT	C	0.09%
PAA	C	0.01%
OCSL	F	0.01%
NYC	C	0.01%
MCY	D	0.01%
PDM	B	0.01%
GSBD	D	0.01%
JBLU	D	0.01%
ET	B	0.01%
FSK	B	0.01%
CAF	F	0.01%
DSS	F	0.01%
COKE	C	0.01%
AWH	F	0.01%
CM	B	0.01%
CHI	B	0.01%
BIDU	D	0.01%
AMCR	B	0.01%
CP	C	0.01%
COO	B	0.01%
TME	F	0.01%
LH	C	0.01%
MPLX	B	0.01%
JD	C	0.01%
GBDC	C	0.01%
WB	D	0.01%
UBS	C	0.01%
VRSN	D	0.01%
SKT	B	0.01%
SITC	D	0.01%
RIV	A	0.01%
SCS	D	0.01%
SAVE	F	0.01%
SAFE	C	0.01%
NHI	C	0.01%
NEU	D	0.01%
NYCB	D	0.01%
GP	D	0.01%
HR	C	0.01%
H	C	0.01%
EPRT	B	0.01%
AAT	B	0.01%
EE	B	0.01%
CTS	D	0.01%
COE	C	0.01%
CNA	C	0.01%
CHH	C	0.01%
BMO	C	0.01%
ARCC	B	0.01%
CACC	F	0.01%
BCSF	B	0.01%
OPI	F	0.01%
LAZ	B	0.01%
MP	D	0.01%
KOF	D	0.01%
TSLX	C	0.01%
STLA	F	0.01%
WRK	C	0.01%
PSEC	C	0.01%
PRE	F	0.01%
MAIN	B	0.01%
RY	B	0.01%
BHP	D	0.01%
DB	B	0.01%
EDC	D	0.01%
GSK	C	0.01%
EPD	B	0.01%
BNS	B	0.01%
EQNR	F	0.01%
BABA	B	0.01%
VOD	C	0.01%
AZN	D	0.01%
DT	C	0.01%
NWG	C	0.01%
DELL	D	0.01%
MUFG	D	0.01%
TD	B	0.01%
HSBC	B	0.01%

BND Underweight 507 Positions Relative to PRF

Symbol	Grade	Weight
BRK.A	C	-2.39%
META	B	-0.92%
GOOG	D	-0.82%
F	F	-0.4%
ELV	C	-0.4%
TSLA	C	-0.29%
CNC	D	-0.29%
ACN	C	-0.26%
NFLX	B	-0.18%
AMD	D	-0.17%
KHC	C	-0.16%
OXY	F	-0.14%
FCX	D	-0.14%
THC	A	-0.13%
WBD	D	-0.13%
PARA	F	-0.12%
CBRE	A	-0.12%
CEG	C	-0.12%
KKR	B	-0.11%
WDC	D	-0.11%
BX	B	-0.11%
BKR	C	-0.1%
URI	B	-0.1%
NRG	C	-0.1%
CTSH	C	-0.1%
ZIM	C	-0.1%
TROW	D	-0.09%
LUMN	C	-0.09%
VRTX	D	-0.09%
IRM	C	-0.09%
VST	C	-0.09%
ISRG	B	-0.08%
MRNA	F	-0.08%
TDG	B	-0.08%
ACI	F	-0.08%
VICI	C	-0.08%
JXN	A	-0.08%
USFD	B	-0.08%
TRGP	B	-0.08%
KMX	D	-0.08%
GEHC	C	-0.08%
IQV	C	-0.07%
CTRA	D	-0.07%
FYBR	C	-0.07%
PFGC	B	-0.07%
WTW	C	-0.07%
PAYX	C	-0.07%
GEV	B	-0.07%
STX	C	-0.07%
CRBG	D	-0.06%
EQT	D	-0.06%
BLDR	C	-0.06%
SQ	D	-0.06%
SOLV	C	-0.06%
GRMN	D	-0.06%
MOH	D	-0.06%
LNG	C	-0.06%
AA	D	-0.06%
MPW	C	-0.06%
ACM	B	-0.05%
LAD	D	-0.05%
OGN	D	-0.05%
OMF	D	-0.05%
CCEP	B	-0.05%
SWN	D	-0.05%
KD	D	-0.05%
UBER	C	-0.05%
UGI	C	-0.05%
BAP	B	-0.05%
X	F	-0.05%
BJ	D	-0.05%
TOL	B	-0.05%
CDW	D	-0.05%
M	F	-0.05%
BALL	C	-0.05%
YUM	D	-0.05%
FAST	C	-0.05%
CCL	C	-0.05%
UTHR	C	-0.04%
MTH	A	-0.04%
EME	B	-0.04%
HSIC	C	-0.04%
MUSA	D	-0.04%
FSLR	C	-0.04%
WSM	D	-0.04%
RCL	B	-0.04%
DKS	D	-0.04%
TMHC	A	-0.04%
MTZ	B	-0.04%
SSNC	B	-0.04%
TTWO	C	-0.04%
GPI	B	-0.04%
SFM	B	-0.04%
PBF	F	-0.04%
OVV	F	-0.04%
RMD	C	-0.04%
HBI	B	-0.04%
DINO	F	-0.04%
ICLR	D	-0.04%
AR	F	-0.04%
HOLX	B	-0.04%
DVA	B	-0.04%
CASY	D	-0.04%
HWM	B	-0.04%
AME	C	-0.04%
MGM	F	-0.04%
STWD	B	-0.04%
J	C	-0.04%
CCK	A	-0.04%
ON	D	-0.04%
CHK	D	-0.04%
TDS	C	-0.04%
EXPD	C	-0.04%
APA	F	-0.04%
AVTR	B	-0.04%
LKQ	F	-0.04%
WCC	D	-0.04%
POR	C	-0.03%
MDU	C	-0.03%
CSGP	D	-0.03%
NXST	D	-0.03%
FNB	C	-0.03%
KBH	A	-0.03%
TPH	C	-0.03%
GAP	F	-0.03%
TER	D	-0.03%
SANM	D	-0.03%
ALV	F	-0.03%
SKX	D	-0.03%
CPRT	D	-0.03%
OLN	D	-0.03%
RIG	F	-0.03%
COHR	C	-0.03%
FLR	D	-0.03%
SCI	B	-0.03%
AKAM	D	-0.03%
RRX	C	-0.03%
AGCO	D	-0.03%
THO	D	-0.03%
CLF	F	-0.03%
PB	B	-0.03%
ELAN	D	-0.03%
NWSA	D	-0.03%
DTM	B	-0.03%
AGNC	B	-0.03%
TPR	C	-0.03%
CPNG	B	-0.03%
BAH	C	-0.03%
FCNCA	D	-0.03%
COOP	C	-0.03%
CTLT	B	-0.03%
SNPS	D	-0.03%
LAMR	B	-0.03%
WSO	C	-0.03%
TWLO	D	-0.03%
WAL	B	-0.03%
PENN	D	-0.03%
MNST	D	-0.03%
JWN	C	-0.03%
MAN	C	-0.03%
CZR	C	-0.03%
HLT	B	-0.03%
TRU	B	-0.03%
BPOP	C	-0.03%
CPAY	B	-0.03%
KNX	C	-0.03%
IR	C	-0.03%
CMG	C	-0.03%
GT	F	-0.03%
ANET	B	-0.03%
CACI	B	-0.03%
ZBRA	B	-0.03%
ABG	D	-0.03%
ARMK	B	-0.03%
GPK	B	-0.03%
EWBC	D	-0.03%
BURL	B	-0.03%
NWL	C	-0.03%
SMG	C	-0.02%
GMS	D	-0.02%
VRT	C	-0.02%
APLE	D	-0.02%
WWD	D	-0.02%
GGG	C	-0.02%
ATI	C	-0.02%
MMS	C	-0.02%
VEEV	C	-0.02%
OUT	C	-0.02%
FCN	D	-0.02%
TTC	D	-0.02%
PLXS	A	-0.02%
VSCO	C	-0.02%
FULT	D	-0.02%
SIG	C	-0.02%
THS	C	-0.02%
RGLD	C	-0.02%
BMRN	F	-0.02%
IRT	B	-0.02%
GATX	D	-0.02%
COLB	B	-0.02%
BTU	D	-0.02%
MTN	D	-0.02%
COIN	F	-0.02%
GEO	F	-0.02%
LYV	B	-0.02%
ASGN	D	-0.02%
ABCB	B	-0.02%
STAG	C	-0.02%
HUBG	C	-0.02%
CSTM	F	-0.02%
FHB	D	-0.02%
CC	F	-0.02%
UMBF	B	-0.02%
TRN	D	-0.02%
CHRD	F	-0.02%
IAC	C	-0.02%
BCO	B	-0.02%
EXEL	C	-0.02%
POOL	C	-0.02%
WAT	C	-0.02%
ADNT	F	-0.02%
BLD	D	-0.02%
DK	F	-0.02%
XRX	D	-0.02%
NDSN	C	-0.02%
XPO	D	-0.02%
OI	D	-0.02%
HOMB	B	-0.02%
AOS	D	-0.02%
JKHY	B	-0.02%
CW	B	-0.02%
NVST	D	-0.02%
ACHC	C	-0.02%
DECK	C	-0.02%
LSTR	D	-0.02%
SLGN	B	-0.02%
PAG	D	-0.02%
HLF	F	-0.02%
ITT	B	-0.02%
PCH	C	-0.02%
ALGN	D	-0.02%
DCI	C	-0.02%
LULU	D	-0.02%
NJR	B	-0.02%
CRL	F	-0.02%
DPZ	F	-0.02%
MKSI	F	-0.02%
GBCI	B	-0.02%
GDDY	C	-0.02%
GME	F	-0.02%
TCBI	B	-0.02%
TNL	D	-0.02%
HE	F	-0.02%
SLVM	B	-0.02%
PRI	B	-0.02%
TYL	C	-0.02%
AVNT	B	-0.02%
PHIN	B	-0.02%
ALE	B	-0.02%
CR	C	-0.02%
PNM	B	-0.02%
SM	F	-0.02%
MIDD	D	-0.02%
NAVI	C	-0.02%
G	C	-0.02%
CPRI	D	-0.02%
ASB	D	-0.02%
JAZZ	D	-0.02%
INCY	C	-0.02%
SEM	D	-0.02%
BKU	C	-0.02%
DY	B	-0.02%
ATR	B	-0.02%
CAR	F	-0.02%
ESNT	B	-0.02%
SRCL	A	-0.02%
CIEN	C	-0.02%
RHI	D	-0.02%
OZK	D	-0.02%
MLI	A	-0.02%
CBSH	C	-0.02%
HWC	D	-0.02%
LBRDK	F	-0.02%
ST	D	-0.02%
SLM	D	-0.02%
SEE	D	-0.02%
SR	B	-0.02%
KBR	D	-0.02%
FFIV	B	-0.02%
TFX	C	-0.02%
TGNA	D	-0.02%
CADE	C	-0.02%
CFR	C	-0.02%
UHAL	A	-0.02%
LNW	B	-0.02%
EVR	A	-0.02%
CHKP	B	-0.02%
UFPI	C	-0.02%
MTD	D	-0.02%
MAT	C	-0.02%
DASH	C	-0.02%
MHO	B	-0.02%
IDA	C	-0.02%
ALSN	B	-0.02%
LPX	B	-0.02%
MAC	B	-0.02%
PVH	F	-0.02%
SAIC	C	-0.02%
MSCI	C	-0.02%
IT	B	-0.02%
DEI	B	-0.02%
UBSI	B	-0.02%
PII	D	-0.02%
ONB	C	-0.02%
BCC	B	-0.02%
LPLA	D	-0.02%
FTI	D	-0.02%
CNX	B	-0.02%
ABM	D	-0.02%
GNRC	D	-0.02%
BBWI	F	-0.02%
RIVN	F	-0.02%
CWK	B	-0.02%
ELS	C	-0.02%
MELI	B	-0.02%
SSB	B	-0.02%
ANSS	D	-0.02%
RUN	C	-0.02%
PNFP	B	-0.02%
FL	D	-0.02%
MTG	B	-0.02%
EHC	C	-0.02%
CMC	D	-0.02%
VLY	C	-0.02%
NSIT	D	-0.02%
COLD	D	-0.02%
POST	C	-0.02%
PRGO	D	-0.02%
RDN	C	-0.02%
DAR	F	-0.02%
ZM	C	-0.02%
SBAC	C	-0.02%
GNW	B	-0.02%
BXMT	C	-0.02%
CG	D	-0.02%
BIO	C	-0.02%
AXTA	B	-0.02%
MUR	F	-0.02%
BECN	D	-0.02%
CLH	A	-0.02%
FOX	B	-0.02%
HOOD	C	-0.02%
ODFL	D	-0.02%
PK	D	-0.02%
VLTO	C	-0.02%
ULTA	D	-0.02%
CUZ	B	-0.02%
SPOT	B	-0.02%
PARR	F	-0.01%
ZG	B	-0.01%
FIVE	D	-0.01%
SMCI	F	-0.01%
NUS	F	-0.01%
HEI	B	-0.01%
AMR	F	-0.01%
CBRL	D	-0.01%
GTN	D	-0.01%
UAA	C	-0.01%
DXCM	F	-0.01%
UA	D	-0.01%
SNOW	F	-0.01%
ARCB	D	-0.01%
HTZ	F	-0.01%
CLVT	D	-0.01%
NWS	D	-0.01%
XP	D	-0.01%
HEI	B	-0.01%
BXC	D	-0.01%
WSC	D	-0.01%
STNE	F	-0.01%
ATKR	F	-0.01%
ODP	F	-0.01%
JELD	D	-0.01%
RLJ	D	-0.01%
CABO	F	-0.01%
IGT	D	-0.01%
LGIH	C	-0.01%
DIOD	F	-0.01%
CNXC	F	-0.01%
TROX	F	-0.01%
OPEN	D	-0.01%
URBN	F	-0.01%
GTLS	F	-0.01%
CRC	C	-0.01%
AMN	F	-0.01%
AXL	F	-0.01%
BGS	D	-0.01%
MLKN	D	-0.01%
SAIA	D	-0.01%
OPCH	C	-0.01%
VSTS	D	-0.01%
SITE	C	-0.01%
BYD	C	-0.01%
NSP	F	-0.01%
ENOV	D	-0.01%
DRH	C	-0.01%
PINC	C	-0.01%
APAM	C	-0.01%
EGP	B	-0.01%
PDCO	F	-0.01%
UVV	D	-0.01%
CGNX	F	-0.01%
CXW	F	-0.01%
ARCH	F	-0.01%
LECO	F	-0.01%
AMKR	F	-0.01%
ARI	F	-0.01%
WH	B	-0.01%
CRI	D	-0.01%
EEFT	D	-0.01%
PPBI	D	-0.01%
TEX	F	-0.01%
HRI	D	-0.01%
TPX	C	-0.01%
PTC	D	-0.01%
OMI	D	-0.01%
ANDE	D	-0.01%
GEF	D	-0.01%
LFUS	C	-0.01%
ABNB	D	-0.01%
UNIT	C	-0.01%
UCBI	B	-0.01%
MTDR	F	-0.01%
ESAB	C	-0.01%
EPAM	F	-0.01%
RRC	D	-0.01%
BWXT	D	-0.01%
PMT	C	-0.01%
SEIC	C	-0.01%
OKTA	F	-0.01%
VSH	F	-0.01%
TTMI	D	-0.01%
RLI	B	-0.01%
FIBK	B	-0.01%
AIT	A	-0.01%
BOKF	B	-0.01%
ESI	D	-0.01%
INDB	C	-0.01%
SPB	C	-0.01%
AUB	D	-0.01%
SBH	B	-0.01%
DAN	F	-0.01%
RH	B	-0.01%
ENTG	F	-0.01%
FFBC	D	-0.01%
WYNN	D	-0.01%
VSAT	F	-0.01%
W	D	-0.01%
ALIT	D	-0.01%
ABR	B	-0.01%
ASH	D	-0.01%
CCS	B	-0.01%
CATY	C	-0.01%
FUL	C	-0.01%
WEX	C	-0.01%
Z	B	-0.01%
LCII	C	-0.01%
FR	B	-0.01%
CNM	F	-0.01%
WERN	D	-0.01%
AEO	F	-0.01%
FND	C	-0.01%
WST	D	-0.01%
KNF	B	-0.01%
MC	B	-0.01%
GHC	B	-0.01%
ASO	C	-0.01%
SOFI	C	-0.01%
GNTX	F	-0.01%
ENS	D	-0.01%
LITE	B	-0.01%
LW	D	-0.01%
PFSI	C	-0.01%
ARES	B	-0.01%
AM	C	-0.01%
VAC	F	-0.01%
RUSHA	C	-0.01%
UNFI	C	-0.01%
REZI	D	-0.01%
HCC	F	-0.01%
GRAB	C	-0.01%
TXRH	C	-0.01%
RXO	D	-0.01%
JBGS	C	-0.01%
SFNC	B	-0.01%
CIVI	F	-0.01%
MTCH	C	-0.01%
FDS	C	-0.01%
MSM	D	-0.01%
IDXX	C	-0.01%
APG	D	-0.01%
WDAY	D	-0.01%
NOMD	B	-0.01%
UHAL	A	-0.0%
SEDG	F	-0.0%
LBRDA	F	-0.0%
HELE	D	-0.0%