PRF vs. BBSA ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA)

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

BBSA

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

BBSA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$48.73

Average Daily Volume

1,134

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	PRF	BBSA
30 Days	3.13%	1.25%
60 Days	4.00%	2.71%
90 Days	7.05%	3.53%
12 Months	25.91%	8.18%

198 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in BBSA	Overlap
	AAPL	C	2.38%	0.01%	0.01%
	ABBV	C	0.69%	0.01%	0.01%
	ADBE	F	0.13%	0.02%	0.02%
	AEP	C	0.24%	0.01%	0.01%
	AER	B	0.09%	0.39%	0.09%
	AFL	C	0.21%	0.01%	0.01%
	AGR	B	0.02%	0.02%	0.02%
	AIG	D	0.31%	0.05%	0.05%
	AL	D	0.03%	0.01%	0.01%
	ALL	B	0.2%	0.07%	0.07%
	ALLY	F	0.08%	0.23%	0.08%
	AMGN	B	0.38%	0.02%	0.02%
	AMP	A	0.08%	0.02%	0.02%
	AMT	C	0.19%	0.03%	0.03%
	AMZN	C	1.63%	0.09%	0.09%
	AON	B	0.07%	0.07%	0.07%
	APD	B	0.15%	0.1%	0.1%
	APTV	D	0.05%	0.05%	0.05%
	AVB	B	0.09%	0.01%	0.01%
	AVGO	C	0.51%	0.03%	0.03%
	AWK	B	0.06%	0.01%	0.01%
	AXP	B	0.28%	0.07%	0.07%
	BA	F	0.14%	0.01%	0.01%
	BAC	D	1.23%	0.1%	0.1%
	BEN	F	0.03%	0.03%	0.03%
	BERY	B	0.04%	0.01%	0.01%
	BG	D	0.12%	0.04%	0.04%
	BK	B	0.26%	0.02%	0.02%
	BMY	C	0.36%	0.02%	0.02%
	BRX	B	0.03%	0.02%	0.02%
	BXP	B	0.06%	0.03%	0.03%
	C	D	1.02%	0.02%	0.02%
	CARR	B	0.12%	0.02%	0.02%
	CAT	B	0.31%	0.01%	0.01%
	CCI	C	0.15%	0.07%	0.07%
	CE	F	0.04%	0.02%	0.02%
	CHTR	D	0.23%	0.03%	0.03%
	CI	C	0.44%	0.01%	0.01%
	CMA	B	0.05%	0.04%	0.04%
	CMCSA	D	0.75%	0.01%	0.01%
	CME	C	0.15%	0.01%	0.01%
	CMI	C	0.13%	0.23%	0.13%
	COF	B	0.33%	0.14%	0.14%
	COP	D	0.41%	0.01%	0.01%
	CPB	C	0.04%	0.02%	0.02%
	CSCO	C	0.58%	0.01%	0.01%
	CSX	D	0.14%	0.05%	0.05%
	CVS	D	0.59%	0.01%	0.01%
	CVX	D	1.06%	0.01%	0.01%
	D	C	0.28%	0.06%	0.06%
	DD	B	0.17%	0.05%	0.05%
	DE	B	0.23%	0.01%	0.01%
	DFS	C	0.16%	0.06%	0.06%
	DHI	B	0.15%	0.05%	0.05%
	DHR	B	0.19%	0.05%	0.05%
	DIS	D	0.37%	0.03%	0.03%
	DTE	C	0.11%	0.01%	0.01%
	DUK	C	0.45%	0.05%	0.05%
	DXC	C	0.05%	0.02%	0.02%
	EBAY	B	0.1%	0.13%	0.1%
	EL	F	0.03%	0.04%	0.03%
	EOG	D	0.25%	0.06%	0.06%
	EQIX	C	0.1%	0.3%	0.1%
	ES	C	0.12%	0.01%	0.01%
	ESS	B	0.05%	0.01%	0.01%
	ETN	C	0.17%	0.04%	0.04%
	ETR	B	0.13%	0.01%	0.01%
	EXC	C	0.22%	0.01%	0.01%
	FCNCA	D	0.03%	0.05%	0.03%
	FDX	C	0.32%	0.04%	0.04%
	FHN	D	0.04%	0.06%	0.04%
	FIS	B	0.15%	0.02%	0.02%
	FITB	B	0.13%	0.03%	0.03%
	FOXA	B	0.05%	0.04%	0.04%
	FR	B	0.01%	0.01%	0.01%
	FRT	C	0.03%	0.06%	0.03%
	GD	B	0.2%	0.02%	0.02%
	GE	B	0.23%	0.04%	0.04%
	GILD	B	0.36%	0.02%	0.02%
	GM	C	0.67%	0.13%	0.13%
	GOOGL	D	0.97%	0.02%	0.02%
	GPN	D	0.07%	0.04%	0.04%
	GS	C	0.66%	0.01%	0.01%
	HAS	B	0.05%	0.01%	0.01%
	HBAN	B	0.1%	0.02%	0.02%
	HCA	B	0.19%	0.03%	0.03%
	HD	B	0.71%	0.01%	0.01%
	HON	D	0.28%	0.01%	0.01%
	HPE	D	0.16%	0.04%	0.04%
	HPQ	D	0.18%	0.1%	0.1%
	HSY	C	0.05%	0.04%	0.04%
	HUM	F	0.17%	0.04%	0.04%
	IBM	B	0.57%	0.2%	0.2%
	ICE	C	0.13%	0.03%	0.03%
	INTC	F	0.37%	0.01%	0.01%
	IVZ	B	0.05%	0.05%	0.05%
	JBHT	D	0.03%	0.01%	0.01%
	JHG	B	0.03%	0.01%	0.01%
	JNJ	C	1.05%	0.11%	0.11%
	JNPR	B	0.03%	0.04%	0.03%
	K	B	0.08%	0.02%	0.02%
	KD	D	0.05%	0.01%	0.01%
	KDP	B	0.11%	0.01%	0.01%
	KMB	D	0.15%	0.04%	0.04%
	KMI	B	0.25%	0.05%	0.05%
	KMPR	D	0.02%	0.02%	0.02%
	KO	C	0.56%	0.04%	0.04%
	KR	C	0.31%	0.01%	0.01%
	LDOS	B	0.06%	0.01%	0.01%
	LII	B	0.02%	0.01%	0.01%
	LLY	C	0.27%	0.04%	0.04%
	LMT	C	0.38%	0.01%	0.01%
	LOW	B	0.34%	0.02%	0.02%
	LUV	C	0.02%	0.01%	0.01%
	MA	B	0.18%	0.02%	0.02%
	MAA	B	0.05%	0.02%	0.02%
	MAR	C	0.05%	0.01%	0.01%
	MCD	B	0.3%	0.02%	0.02%
	MCK	F	0.4%	0.03%	0.03%
	MCO	B	0.06%	0.02%	0.02%
	MDLZ	B	0.22%	0.01%	0.01%
	MDT	C	0.38%	0.02%	0.02%
	MET	B	0.28%	0.01%	0.01%
	MHK	C	0.06%	0.02%	0.02%
	MKC	C	0.05%	0.2%	0.05%
	MMM	B	0.44%	0.02%	0.02%
	MO	C	0.52%	0.01%	0.01%
	MOS	F	0.06%	0.01%	0.01%
	MPC	F	0.34%	0.02%	0.02%
	MRK	D	0.51%	0.07%	0.07%
	MS	D	0.45%	0.01%	0.01%
	MSFT	C	1.98%	0.02%	0.02%
	MTB	B	0.13%	0.05%	0.05%
	NEE	C	0.45%	0.01%	0.01%
	NI	B	0.06%	0.02%	0.02%
	NKE	D	0.13%	0.05%	0.05%
	NSC	C	0.13%	0.01%	0.01%
	NTRS	A	0.08%	0.08%	0.08%
	NXPI	F	0.08%	0.01%	0.01%
	O	C	0.11%	0.05%	0.05%
	OKE	B	0.16%	0.08%	0.08%
	OMC	B	0.08%	0.03%	0.03%
	ORCL	C	0.3%	0.03%	0.03%
	ORI	B	0.06%	0.02%	0.02%
	PCAR	D	0.12%	0.01%	0.01%
	PCG	C	0.11%	0.02%	0.02%
	PEG	C	0.15%	0.01%	0.01%
	PEP	C	0.55%	0.01%	0.01%
	PFE	C	0.91%	0.01%	0.01%
	PG	C	0.78%	0.11%	0.11%
	PM	C	0.68%	0.01%	0.01%
	PNC	B	0.33%	0.03%	0.03%
	PPG	D	0.07%	0.01%	0.01%
	PRU	C	0.23%	0.05%	0.05%
	PSX	F	0.29%	0.02%	0.02%
	PYPL	B	0.18%	0.04%	0.04%
	QCOM	D	0.33%	0.1%	0.1%
	R	A	0.06%	0.02%	0.02%
	RF	B	0.11%	0.17%	0.11%
	ROP	C	0.07%	0.01%	0.01%
	RS	D	0.05%	0.04%	0.04%
	RTX	C	0.51%	0.03%	0.03%
	SBUX	C	0.19%	0.03%	0.03%
	SCCO	D	0.02%	0.01%	0.01%
	SCHW	D	0.15%	0.02%	0.02%
	SF	A	0.03%	0.01%	0.01%
	SLB	F	0.13%	0.1%	0.1%
	SO	B	0.39%	0.01%	0.01%
	SPG	B	0.12%	0.13%	0.12%
	SRE	C	0.18%	0.02%	0.02%
	STT	B	0.15%	0.03%	0.03%
	SYF	C	0.17%	0.03%	0.03%
	SYK	C	0.12%	0.01%	0.01%
	SYY	D	0.15%	0.03%	0.03%
	T	C	1.21%	0.01%	0.01%
	TFC	C	0.34%	0.02%	0.02%
	TGT	C	0.3%	0.04%	0.04%
	TMUS	C	0.3%	0.04%	0.04%
	TSN	C	0.16%	0.02%	0.02%
	TXN	C	0.34%	0.02%	0.02%
	UNH	C	1.12%	0.03%	0.03%
	UNP	C	0.28%	0.04%	0.04%
	UPS	D	0.33%	0.04%	0.04%
	USB	B	0.35%	0.01%	0.01%
	V	C	0.25%	0.05%	0.05%
	VLY	C	0.02%	0.18%	0.02%
	VNT	F	0.01%	0.17%	0.01%
	VOYA	B	0.03%	0.02%	0.02%
	VTRS	D	0.09%	0.03%	0.03%
	VZ	B	1.36%	0.01%	0.01%
	WELL	C	0.16%	0.03%	0.03%
	WFC	D	0.97%	0.01%	0.01%
	WM	D	0.12%	0.06%	0.06%
	WMB	B	0.2%	0.01%	0.01%
	WMT	C	1.16%	0.01%	0.01%
	WU	F	0.03%	0.01%	0.01%
	XOM	C	2.19%	0.02%	0.02%
	ZBH	F	0.05%	0.03%	0.03%

PRF Overweight 778 Positions Relative to BBSA

	Symbol	Grade	Weight
	BRK.A	C	2.39%
	JPM	D	2.0%
	META	B	0.92%
	GOOG	D	0.82%
	COST	B	0.59%
	F	F	0.4%
	ELV	C	0.4%
	VLO	F	0.34%
	ABT	C	0.34%
	CB	B	0.32%
	LIN	B	0.31%
	BLK	B	0.3%
	CAH	C	0.29%
	TSLA	C	0.29%
	MU	F	0.29%
	CNC	D	0.29%
	TMO	B	0.27%
	ADM	D	0.26%
	ACN	C	0.26%
	PGR	B	0.25%
	NVDA	D	0.23%
	TRV	C	0.23%
	NEM	B	0.22%
	DOW	D	0.22%
	TJX	B	0.2%
	CRM	D	0.2%
	SPGI	B	0.19%
	NOC	B	0.19%
	NFLX	B	0.18%
	ADI	C	0.18%
	PLD	C	0.18%
	LYB	D	0.17%
	AMD	D	0.17%
	ED	C	0.17%
	REGN	C	0.16%
	KHC	C	0.16%
	JCI	B	0.16%
	CL	D	0.16%
	MMC	C	0.15%
	HIG	B	0.15%
	EIX	C	0.15%
	BBY	C	0.15%
	GIS	B	0.15%
	OXY	F	0.14%
	LEN	B	0.14%
	IP	B	0.14%
	ADP	B	0.14%
	BDX	D	0.14%
	PPL	C	0.14%
	CFG	C	0.14%
	XEL	B	0.14%
	FCX	D	0.14%
	THC	A	0.13%
	AMAT	D	0.13%
	WBD	D	0.13%
	WEC	C	0.12%
	PARA	F	0.12%
	GLW	C	0.12%
	CBRE	A	0.12%
	NUE	F	0.12%
	FE	C	0.12%
	WBA	F	0.12%
	ITW	C	0.12%
	CEG	C	0.12%
	BSX	B	0.12%
	VTR	C	0.12%
	EMR	D	0.12%
	DLR	B	0.12%
	KKR	B	0.11%
	WDC	D	0.11%
	DVN	F	0.11%
	BIIB	F	0.11%
	LHX	C	0.11%
	BX	B	0.11%
	BKR	C	0.1%
	PH	B	0.1%
	WY	C	0.1%
	URI	B	0.1%
	TEL	D	0.1%
	NRG	C	0.1%
	IFF	B	0.1%
	CTVA	B	0.1%
	CTSH	C	0.1%
	ZIM	C	0.1%
	PFG	B	0.1%
	KEY	B	0.1%
	TROW	D	0.09%
	LUMN	C	0.09%
	VRTX	D	0.09%
	IRM	C	0.09%
	INTU	C	0.09%
	VST	C	0.09%
	ARW	C	0.09%
	AEE	C	0.09%
	EQR	B	0.09%
	SHW	B	0.09%
	TT	B	0.09%
	CINF	C	0.08%
	APH	D	0.08%
	DOC	C	0.08%
	FANG	D	0.08%
	EVRG	B	0.08%
	ISRG	B	0.08%
	MRNA	F	0.08%
	TDG	B	0.08%
	CMS	C	0.08%
	MKL	C	0.08%
	LRCX	F	0.08%
	ACI	F	0.08%
	VICI	C	0.08%
	JXN	A	0.08%
	PHM	B	0.08%
	SWK	B	0.08%
	ECL	B	0.08%
	PSA	B	0.08%
	CAG	C	0.08%
	USFD	B	0.08%
	TRGP	B	0.08%
	KMX	D	0.08%
	GEHC	C	0.08%
	ACGL	C	0.08%
	BKNG	C	0.08%
	EMN	B	0.07%
	BAX	C	0.07%
	RSG	D	0.07%
	IQV	C	0.07%
	UNM	B	0.07%
	ROST	C	0.07%
	MSI	B	0.07%
	CTRA	F	0.07%
	FNF	B	0.07%
	MRO	D	0.07%
	FYBR	C	0.07%
	PFGC	B	0.07%
	WTW	C	0.07%
	DGX	B	0.07%
	PAYX	C	0.07%
	AZO	D	0.07%
	CNP	C	0.07%
	CHRW	B	0.07%
	STZ	D	0.07%
	AES	C	0.07%
	GEV	B	0.07%
	AJG	D	0.07%
	STX	C	0.07%
	ARE	C	0.07%
	CRBG	D	0.06%
	WAB	A	0.06%
	CF	C	0.06%
	EQT	D	0.06%
	OTIS	C	0.06%
	ATO	B	0.06%
	MRVL	C	0.06%
	PKG	B	0.06%
	BLDR	C	0.06%
	LNT	B	0.06%
	SQ	D	0.06%
	SOLV	C	0.06%
	NTAP	D	0.06%
	JEF	B	0.06%
	LNC	D	0.06%
	CTAS	B	0.06%
	UHS	B	0.06%
	GRMN	D	0.06%
	ORLY	C	0.06%
	MCHP	F	0.06%
	MOH	D	0.06%
	RGA	C	0.06%
	LNG	C	0.06%
	AA	D	0.06%
	VFC	C	0.06%
	PNW	C	0.06%
	STLD	F	0.06%
	L	C	0.06%
	MPW	C	0.06%
	DG	F	0.06%
	FLEX	C	0.06%
	GPC	D	0.06%
	KLAC	D	0.06%
	ZTS	C	0.06%
	JLL	B	0.06%
	HAL	F	0.06%
	ACM	B	0.05%
	LAD	D	0.05%
	OGN	D	0.05%
	OMF	D	0.05%
	DRI	B	0.05%
	JBL	D	0.05%
	ROK	D	0.05%
	CCEP	B	0.05%
	TXT	D	0.05%
	SWN	D	0.05%
	TAP	D	0.05%
	UBER	C	0.05%
	UGI	C	0.05%
	BAP	B	0.05%
	EQH	C	0.05%
	IPG	C	0.05%
	X	F	0.05%
	TSCO	C	0.05%
	BJ	D	0.05%
	CLX	C	0.05%
	NVR	B	0.05%
	BWA	D	0.05%
	GWW	B	0.05%
	TOL	B	0.05%
	KIM	C	0.05%
	CDW	D	0.05%
	RJF	C	0.05%
	EG	C	0.05%
	PWR	B	0.05%
	HES	F	0.05%
	M	F	0.05%
	AN	D	0.05%
	BALL	C	0.05%
	SJM	C	0.05%
	INVH	C	0.05%
	DOV	B	0.05%
	VNO	C	0.05%
	CNH	D	0.05%
	YUM	D	0.05%
	WHR	D	0.05%
	AFG	B	0.05%
	FAST	C	0.05%
	CCL	C	0.05%
	AVT	C	0.04%
	UTHR	C	0.04%
	UAL	C	0.04%
	MTH	A	0.04%
	EME	B	0.04%
	HSIC	C	0.04%
	CHD	D	0.04%
	AVY	C	0.04%
	EFX	B	0.04%
	MUSA	D	0.04%
	INGR	B	0.04%
	SNA	C	0.04%
	HRL	C	0.04%
	FSLR	C	0.04%
	ZION	D	0.04%
	WSM	D	0.04%
	RCL	B	0.04%
	DKS	D	0.04%
	HST	C	0.04%
	TDY	B	0.04%
	TMHC	A	0.04%
	MTZ	B	0.04%
	SSNC	B	0.04%
	TTWO	C	0.04%
	GPI	B	0.04%
	FMC	C	0.04%
	MLM	D	0.04%
	WRB	C	0.04%
	CPT	B	0.04%
	SFM	B	0.04%
	PBF	F	0.04%
	SLG	C	0.04%
	AIZ	B	0.04%
	OVV	F	0.04%
	VMC	D	0.04%
	RMD	C	0.04%
	HBI	B	0.04%
	DINO	F	0.04%
	SNX	D	0.04%
	ICLR	D	0.04%
	AR	F	0.04%
	HOLX	C	0.04%
	DVA	B	0.04%
	CASY	D	0.04%
	HWM	B	0.04%
	AME	C	0.04%
	MGM	F	0.04%
	UDR	C	0.04%
	STWD	A	0.04%
	J	C	0.04%
	REG	C	0.04%
	A	C	0.04%
	EA	D	0.04%
	CCK	A	0.04%
	OGE	C	0.04%
	ON	D	0.04%
	FAF	B	0.04%
	CHK	D	0.04%
	TDS	C	0.04%
	EXR	B	0.04%
	DLTR	F	0.04%
	EXPD	C	0.04%
	APA	F	0.04%
	WPC	C	0.04%
	LEA	F	0.04%
	SUI	B	0.04%
	AVTR	B	0.04%
	SWKS	D	0.04%
	KSS	F	0.04%
	LKQ	F	0.04%
	OC	D	0.04%
	WCC	D	0.04%
	NNN	C	0.03%
	POR	C	0.03%
	MDU	C	0.03%
	GL	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%
	BRO	C	0.03%
	TER	D	0.03%
	DOX	C	0.03%
	SANM	D	0.03%
	SON	C	0.03%
	ALV	F	0.03%
	SKX	D	0.03%
	PNR	B	0.03%
	CPRT	D	0.03%
	OLN	D	0.03%
	RIG	F	0.03%
	AMH	C	0.03%
	COHR	C	0.03%
	VRSK	D	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%
	HRB	C	0.03%
	HUN	D	0.03%
	PB	B	0.03%
	ELAN	D	0.03%
	NWSA	D	0.03%
	DTM	B	0.03%
	AGNC	B	0.03%
	WBS	D	0.03%
	TPR	C	0.03%
	QRVO	F	0.03%
	CPNG	B	0.03%
	WTRG	D	0.03%
	AXS	B	0.03%
	BAH	C	0.03%
	COOP	C	0.03%
	CTLT	B	0.03%
	LVS	D	0.03%
	SNPS	F	0.03%
	ALB	D	0.03%
	LAMR	B	0.03%
	HUBB	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%
	EXPE	C	0.03%
	KEYS	C	0.03%
	MAN	C	0.03%
	CZR	C	0.03%
	HLT	B	0.03%
	TRU	B	0.03%
	CSL	B	0.03%
	BPOP	C	0.03%
	CPAY	B	0.03%
	XYL	D	0.03%
	RPM	B	0.03%
	KNX	C	0.03%
	IR	C	0.03%
	CMG	C	0.03%
	GT	F	0.03%
	EW	F	0.03%
	SNV	C	0.03%
	BR	D	0.03%
	ANET	B	0.03%
	CACI	B	0.03%
	DAL	C	0.03%
	OHI	B	0.03%
	STE	C	0.03%
	NOW	B	0.03%
	ZBRA	B	0.03%
	GLPI	C	0.03%
	ABG	D	0.03%
	ARMK	B	0.03%
	FTV	C	0.03%
	APO	C	0.03%
	HII	D	0.03%
	MAS	B	0.03%
	GPK	B	0.03%
	NDAQ	A	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	D	0.02%
	VMI	D	0.02%
	MMS	C	0.02%
	VEEV	C	0.02%
	OUT	C	0.02%
	ESGR	D	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%
	LEG	D	0.02%
	BMRN	F	0.02%
	IRT	B	0.02%
	GATX	D	0.02%
	WLK	D	0.02%
	COLB	B	0.02%
	BTU	D	0.02%
	MTN	D	0.02%
	COIN	F	0.02%
	GEO	F	0.02%
	AYI	B	0.02%
	LYV	B	0.02%
	ASGN	D	0.02%
	ABCB	B	0.02%
	STAG	C	0.02%
	RL	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%
	AGO	C	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%
	TKR	D	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%
	CBT	B	0.02%
	ITT	B	0.02%
	PCH	C	0.02%
	ALGN	D	0.02%
	ALLE	B	0.02%
	DCI	C	0.02%
	LULU	D	0.02%
	AVA	C	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%
	KRG	B	0.02%
	GME	F	0.02%
	TCBI	B	0.02%
	TNL	D	0.02%
	NVT	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%
	FLS	D	0.02%
	CR	C	0.02%
	PNM	B	0.02%
	SM	F	0.02%
	ADSK	C	0.02%
	ADC	C	0.02%
	EPR	B	0.02%
	MIDD	D	0.02%
	NAVI	C	0.02%
	G	C	0.02%
	CPRI	D	0.02%
	FLO	C	0.02%
	REXR	C	0.02%
	ASB	D	0.02%
	JAZZ	D	0.02%
	RPRX	C	0.02%
	INCY	C	0.02%
	SEM	D	0.02%
	NWE	B	0.02%
	BKU	C	0.02%
	DY	B	0.02%
	BC	C	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	B	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%
	IEX	D	0.02%
	OGS	B	0.02%
	LNW	B	0.02%
	EVR	A	0.02%
	CHKP	B	0.02%
	UFPI	C	0.02%
	MTD	D	0.02%
	CDNS	D	0.02%
	MAT	C	0.02%
	DASH	C	0.02%
	MHO	B	0.02%
	AMG	C	0.02%
	KEX	C	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%
	NOV	F	0.02%
	UBSI	B	0.02%
	PII	D	0.02%
	ONB	C	0.02%
	AAP	F	0.02%
	BCC	C	0.02%
	LPLA	D	0.02%
	FTI	D	0.02%
	WTFC	C	0.02%
	THG	B	0.02%
	CNX	B	0.02%
	ABM	D	0.02%
	GNRC	D	0.02%
	ILMN	C	0.02%
	BBWI	F	0.02%
	RIVN	F	0.02%
	RNR	C	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%
	BHF	F	0.02%
	FL	D	0.02%
	CBOE	C	0.02%
	MTG	B	0.02%
	TRMB	C	0.02%
	EHC	C	0.02%
	CMC	D	0.02%
	NSIT	D	0.02%
	COLD	D	0.02%
	POST	C	0.02%
	BKH	B	0.02%
	PRGO	D	0.02%
	HOG	C	0.02%
	RDN	C	0.02%
	DAR	F	0.02%
	ZM	C	0.02%
	SBAC	C	0.02%
	GNW	B	0.02%
	SBRA	C	0.02%
	BXMT	C	0.02%
	CG	D	0.02%
	BIO	C	0.02%
	AXTA	B	0.02%
	MUR	F	0.02%
	GXO	D	0.02%
	SWX	C	0.02%
	BECN	D	0.02%
	CLH	A	0.02%
	FOX	B	0.02%
	HOOD	C	0.02%
	HIW	B	0.02%
	CNO	B	0.02%
	ODFL	D	0.02%
	CUBE	C	0.02%
	OSK	F	0.02%
	KRC	C	0.02%
	NFG	B	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%
	LEN	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%
	HPP	D	0.01%
	ARI	F	0.01%
	KMT	B	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%
	FTNT	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%
	LXP	B	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%
	RYN	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%
	SIGI	D	0.01%
	VSAT	F	0.01%
	W	D	0.01%
	ALIT	D	0.01%
	ABR	B	0.01%
	ASH	D	0.01%
	PECO	B	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%
	CNM	F	0.01%
	WERN	D	0.01%
	AEO	F	0.01%
	AAL	D	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%
	XRAY	D	0.01%
	SFNC	B	0.01%
	CIVI	F	0.01%
	MTCH	C	0.01%
	FDS	C	0.01%
	BDN	B	0.01%
	MSM	D	0.01%
	IDXX	C	0.01%
	HP	F	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%

PRF Underweight 25 Positions Relative to BBSA

	Symbol	Grade	Weight
	EPD	B	-0.12%
	EDC	D	-0.09%
	HSBC	B	-0.08%
	GP	D	-0.07%
	DB	B	-0.07%
	BCSF	B	-0.06%
	MPLX	B	-0.06%
	CM	B	-0.05%
	DELL	D	-0.04%
	COMM	B	-0.04%
	BNS	B	-0.03%
	RY	B	-0.03%
	AWH	F	-0.02%
	FNA	F	-0.02%
	EQNR	F	-0.01%
	AZN	D	-0.01%
	CASH	B	-0.01%
	GSK	C	-0.01%
	GBDC	C	-0.01%
	WRK	C	-0.01%
	VOD	C	-0.01%
	ET	B	-0.01%
	BMO	C	-0.01%
	TD	B	-0.01%
	FN	D	-0.01%

PRF: Top Represented Industries & Keywords

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

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

BBSA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Drug Manufacturers - Major Banks - Global Credit Services Utilities - Regulated Electric Oil & Gas Midstream Capital Markets Diversified Industrials Semiconductors Telecom Services Utilities - Diversified Aerospace & Defense Communication Equipment Health Care Plans Information Technology Services Medical Devices REIT - Retail Beverages - Soft Drinks Chemicals

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Banking Natural Gas Electricity Insurance Investment Bank Cash Management Financial Products Commercial Banking Computing Investment Management Insurance Products Telecommunications Crude Oil Electronics Disability Investment Banking