PRF vs. FLQL ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Franklin LibertyQ U.S. Equity ETF (FLQL)

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

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	PRF	FLQL
30 Days	4.02%	2.44%
60 Days	5.08%	3.55%
90 Days	6.89%	4.50%
12 Months	30.29%	31.26%

194 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in FLQL	Overlap
	AAPL	C	2.3%	7.0%	2.3%
	ABBV	D	0.57%	1.33%	0.57%
	ACGL	D	0.07%	0.26%	0.07%
	ADC	B	0.02%	0.1%	0.02%
	ADI	D	0.17%	0.32%	0.17%
	AFL	B	0.2%	0.23%	0.2%
	ALSN	B	0.03%	0.12%	0.03%
	AMAT	F	0.12%	0.96%	0.12%
	AMGN	D	0.32%	1.05%	0.32%
	AMZN	C	1.74%	2.92%	1.74%
	ANET	C	0.03%	0.77%	0.03%
	APA	D	0.04%	0.08%	0.04%
	APH	A	0.08%	0.6%	0.08%
	AVB	B	0.08%	0.1%	0.08%
	AVGO	D	0.5%	1.77%	0.5%
	AVT	C	0.04%	0.09%	0.04%
	AXS	A	0.03%	0.11%	0.03%
	AYI	B	0.02%	0.12%	0.02%
	BBY	D	0.14%	0.11%	0.11%
	BJ	A	0.05%	0.11%	0.05%
	BKNG	A	0.1%	1.19%	0.1%
	BRK.A	B	2.34%	1.11%	1.11%
	BSX	B	0.12%	0.84%	0.12%
	C	A	1.14%	0.97%	0.97%
	CACI	D	0.03%	0.09%	0.03%
	CASY	A	0.04%	0.11%	0.04%
	CAT	B	0.34%	1.27%	0.34%
	CB	C	0.3%	0.56%	0.3%
	CF	B	0.06%	0.11%	0.06%
	CFG	B	0.16%	0.13%	0.13%
	CHRW	C	0.08%	0.1%	0.08%
	CI	F	0.37%	0.56%	0.37%
	CIVI	D	0.01%	0.08%	0.01%
	CL	D	0.13%	0.52%	0.13%
	CLH	B	0.02%	0.1%	0.02%
	CMG	B	0.03%	0.57%	0.03%
	CMI	A	0.15%	0.26%	0.15%
	COST	B	0.56%	1.7%	0.56%
	CRI	D	0.01%	0.08%	0.01%
	CSL	C	0.03%	0.15%	0.03%
	CTAS	B	0.06%	0.46%	0.06%
	CTSH	B	0.1%	0.24%	0.1%
	CUZ	B	0.02%	0.1%	0.02%
	CW	B	0.02%	0.11%	0.02%
	DAL	C	0.04%	0.2%	0.04%
	DECK	A	0.02%	0.22%	0.02%
	DGX	A	0.07%	0.1%	0.07%
	DHI	D	0.12%	0.36%	0.12%
	DKS	C	0.03%	0.1%	0.03%
	DPZ	C	0.02%	0.11%	0.02%
	DTM	B	0.03%	0.12%	0.03%
	DVA	B	0.04%	0.1%	0.04%
	DVN	F	0.1%	0.08%	0.08%
	EBAY	D	0.09%	0.17%	0.09%
	EHC	B	0.02%	0.1%	0.02%
	ELV	F	0.28%	0.28%	0.28%
	EME	C	0.04%	0.12%	0.04%
	EMN	D	0.06%	0.1%	0.06%
	EPR	D	0.02%	0.09%	0.02%
	ESS	B	0.05%	0.11%	0.05%
	ETR	B	0.15%	0.16%	0.15%
	EVR	B	0.02%	0.12%	0.02%
	EXR	D	0.04%	0.11%	0.04%
	FANG	D	0.08%	0.2%	0.08%
	FAST	B	0.06%	0.33%	0.06%
	FOX	A	0.03%	0.11%	0.03%
	FOXA	B	0.05%	0.11%	0.05%
	G	B	0.02%	0.11%	0.02%
	GAP	C	0.03%	0.09%	0.03%
	GD	F	0.18%	0.39%	0.18%
	GLPI	C	0.03%	0.09%	0.03%
	GLW	B	0.12%	0.19%	0.12%
	GM	B	0.79%	0.35%	0.35%
	GOOG	C	0.89%	1.73%	0.89%
	GOOGL	C	1.03%	2.04%	1.03%
	GPK	C	0.03%	0.09%	0.03%
	GRMN	B	0.06%	0.25%	0.06%
	GS	A	0.78%	0.6%	0.6%
	GWW	B	0.06%	0.38%	0.06%
	HCA	F	0.15%	0.49%	0.15%
	HIG	B	0.14%	0.19%	0.14%
	HIW	D	0.02%	0.09%	0.02%
	HLT	A	0.03%	0.33%	0.03%
	HPE	B	0.19%	0.21%	0.19%
	HPQ	B	0.19%	0.29%	0.19%
	HRB	D	0.02%	0.09%	0.02%
	HWM	A	0.05%	0.25%	0.05%
	IBM	C	0.53%	1.31%	0.53%
	INGR	B	0.04%	0.1%	0.04%
	IP	B	0.15%	0.13%	0.13%
	IRM	D	0.08%	0.18%	0.08%
	ISRG	A	0.08%	1.3%	0.08%
	JEF	A	0.07%	0.12%	0.07%
	JHG	A	0.03%	0.11%	0.03%
	JNJ	D	0.92%	1.55%	0.92%
	JNPR	F	0.03%	0.09%	0.03%
	JPM	A	2.2%	1.23%	1.23%
	K	A	0.08%	0.1%	0.08%
	KEX	C	0.02%	0.1%	0.02%
	KLAC	D	0.05%	0.67%	0.05%
	KMB	D	0.13%	0.14%	0.13%
	KRC	C	0.03%	0.1%	0.03%
	LAMR	D	0.03%	0.1%	0.03%
	LDOS	C	0.06%	0.17%	0.06%
	LEN	D	0.01%	0.3%	0.01%
	LEN	D	0.12%	0.3%	0.12%
	LEN	D	0.01%	0.09%	0.01%
	LEN	D	0.12%	0.09%	0.09%
	LII	A	0.02%	0.15%	0.02%
	LLY	F	0.21%	1.31%	0.21%
	LMT	D	0.34%	0.4%	0.34%
	LNC	B	0.07%	0.11%	0.07%
	LRCX	F	0.07%	0.66%	0.07%
	LYB	F	0.14%	0.16%	0.14%
	M	D	0.05%	0.09%	0.05%
	MA	C	0.17%	1.79%	0.17%
	MAS	D	0.03%	0.12%	0.03%
	MCHP	D	0.05%	0.23%	0.05%
	MCO	B	0.06%	0.56%	0.06%
	MDU	D	0.02%	0.07%	0.02%
	META	D	0.96%	2.48%	0.96%
	MO	A	0.52%	0.85%	0.52%
	MRK	F	0.41%	1.21%	0.41%
	MSFT	F	1.86%	5.96%	1.86%
	MSI	B	0.07%	0.58%	0.07%
	MTG	C	0.02%	0.09%	0.02%
	MUSA	A	0.03%	0.11%	0.03%
	NFG	A	0.02%	0.1%	0.02%
	NNN	D	0.02%	0.09%	0.02%
	NRG	B	0.11%	0.12%	0.11%
	NTAP	C	0.06%	0.21%	0.06%
	NVDA	C	0.26%	6.71%	0.26%
	NVR	D	0.05%	0.19%	0.05%
	O	D	0.1%	0.15%	0.1%
	OC	A	0.05%	0.13%	0.05%
	OGN	D	0.03%	0.07%	0.03%
	OHI	C	0.03%	0.1%	0.03%
	OMC	C	0.08%	0.09%	0.08%
	ORCL	B	0.32%	0.88%	0.32%
	PCAR	B	0.14%	0.44%	0.14%
	PEG	A	0.15%	0.22%	0.15%
	PH	A	0.11%	0.52%	0.11%
	PHM	D	0.07%	0.22%	0.07%
	PK	B	0.03%	0.09%	0.03%
	PKG	A	0.06%	0.15%	0.06%
	PM	B	0.66%	0.71%	0.66%
	PSA	D	0.07%	0.38%	0.07%
	QCOM	F	0.31%	1.22%	0.31%
	R	B	0.06%	0.11%	0.06%
	RCL	A	0.05%	0.17%	0.05%
	REGN	F	0.1%	0.59%	0.1%
	RGA	A	0.06%	0.11%	0.06%
	RGLD	C	0.01%	0.1%	0.01%
	RL	B	0.02%	0.12%	0.02%
	RMD	C	0.03%	0.13%	0.03%
	RSG	A	0.06%	0.31%	0.06%
	RTX	C	0.47%	0.5%	0.47%
	SCCO	F	0.02%	0.1%	0.02%
	SNX	C	0.04%	0.09%	0.04%
	SO	D	0.36%	0.29%	0.29%
	SPG	B	0.12%	0.46%	0.12%
	SPOT	B	0.03%	0.22%	0.03%
	SSNC	B	0.04%	0.09%	0.04%
	STLD	B	0.07%	0.16%	0.07%
	SWKS	F	0.03%	0.09%	0.03%
	SYF	B	0.23%	0.21%	0.21%
	SYK	C	0.12%	0.94%	0.12%
	T	A	1.18%	1.07%	1.07%
	TER	D	0.02%	0.08%	0.02%
	THC	D	0.12%	0.11%	0.11%
	TJX	A	0.19%	0.95%	0.19%
	TMUS	B	0.33%	0.59%	0.33%
	TNL	A	0.02%	0.12%	0.02%
	TOL	B	0.05%	0.13%	0.05%
	TSCO	D	0.05%	0.15%	0.05%
	TSLA	B	0.37%	1.13%	0.37%
	TT	A	0.1%	0.65%	0.1%
	TXN	C	0.34%	1.24%	0.34%
	TXRH	C	0.02%	0.11%	0.02%
	UGI	A	0.05%	0.1%	0.05%
	UHS	D	0.05%	0.1%	0.05%
	UNH	C	1.06%	0.52%	0.52%
	URI	B	0.11%	0.38%	0.11%
	UTHR	C	0.04%	0.12%	0.04%
	VICI	C	0.07%	0.1%	0.07%
	VRTX	F	0.09%	0.92%	0.09%
	VZ	C	1.19%	1.24%	1.19%
	WAB	B	0.06%	0.17%	0.06%
	WM	A	0.13%	0.67%	0.13%
	WMT	A	1.16%	1.68%	1.16%
	WSM	B	0.03%	0.15%	0.03%
	WSO	A	0.03%	0.13%	0.03%
	WU	D	0.03%	0.09%	0.03%
	XOM	B	2.24%	0.63%	0.63%

PRF Overweight 790 Positions Relative to FLQL

	Symbol	Grade	Weight
	BAC	A	1.37%
	WFC	A	1.29%
	CVX	A	1.16%
	CMCSA	B	0.78%
	PFE	D	0.77%
	HD	A	0.73%
	PG	A	0.71%
	CSCO	B	0.64%
	MS	A	0.58%
	CVS	D	0.53%
	PEP	F	0.48%
	KO	D	0.47%
	INTC	D	0.45%
	MCK	B	0.45%
	MMM	D	0.42%
	BMY	B	0.42%
	COP	C	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%
	GILD	C	0.37%
	TFC	A	0.36%
	MDT	D	0.35%
	LOW	D	0.34%
	BLK	C	0.33%
	VLO	C	0.33%
	ABT	B	0.32%
	UPS	C	0.32%
	AIG	B	0.31%
	FDX	B	0.31%
	MU	D	0.31%
	KR	B	0.31%
	MPC	D	0.31%
	HON	B	0.3%
	KMI	A	0.3%
	MCD	D	0.29%
	MET	A	0.29%
	PSX	C	0.29%
	CAH	B	0.29%
	TGT	F	0.29%
	AXP	A	0.29%
	LIN	D	0.28%
	EOG	A	0.27%
	BK	A	0.27%
	COR	B	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%
	WMB	A	0.24%
	TRV	B	0.24%
	GE	D	0.23%
	PRU	A	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%
	EXC	C	0.2%
	DFS	B	0.2%
	ALL	A	0.2%
	PYPL	B	0.2%
	AEP	D	0.2%
	SRE	A	0.19%
	OKE	A	0.18%
	DOW	F	0.18%
	JCI	C	0.18%
	SCHW	B	0.18%
	ETN	A	0.18%
	MDLZ	F	0.18%
	DD	D	0.17%
	NOC	D	0.17%
	SPGI	C	0.17%
	SBUX	A	0.17%
	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%
	FIS	C	0.15%
	ED	D	0.15%
	PLD	D	0.15%
	TSN	B	0.15%
	CSX	B	0.14%
	SYY	B	0.14%
	PPL	B	0.14%
	EIX	B	0.14%
	KHC	F	0.14%
	FCX	D	0.14%
	ADP	B	0.14%
	FITB	A	0.14%
	HUM	C	0.14%
	CME	A	0.14%
	CBRE	B	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%
	CEG	D	0.13%
	BX	A	0.13%
	NUE	C	0.12%
	BKR	B	0.12%
	LHX	C	0.12%
	HBAN	A	0.12%
	CCI	D	0.12%
	LUMN	C	0.12%
	ICE	C	0.12%
	NKE	D	0.12%
	PARA	C	0.12%
	RF	A	0.12%
	ITW	B	0.12%
	ES	D	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%
	DTE	C	0.1%
	NTRS	A	0.1%
	AMP	A	0.1%
	BG	F	0.1%
	PFG	D	0.1%
	FE	C	0.1%
	WDC	D	0.1%
	TRGP	B	0.1%
	GEV	B	0.1%
	USFD	A	0.09%
	AER	B	0.09%
	WY	D	0.09%
	BIIB	F	0.09%
	VTRS	A	0.09%
	KDP	D	0.09%
	SHW	A	0.09%
	INTU	C	0.09%
	TROW	B	0.09%
	AEE	A	0.09%
	JXN	C	0.09%
	CTVA	C	0.09%
	EVRG	A	0.08%
	GEHC	F	0.08%
	FLEX	A	0.08%
	PFGC	B	0.08%
	NXPI	D	0.08%
	CINF	A	0.08%
	IFF	D	0.08%
	ALLY	C	0.08%
	ARW	D	0.08%
	KMX	B	0.08%
	MKL	A	0.08%
	EQR	B	0.08%
	UNM	A	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%
	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%
	AON	A	0.07%
	SQ	B	0.07%
	WTW	B	0.07%
	CMS	C	0.07%
	CTRA	B	0.07%
	MRO	B	0.07%
	PAYX	C	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%
	IVZ	B	0.06%
	MHK	D	0.06%
	ZTS	D	0.06%
	EQH	B	0.06%
	MAR	B	0.06%
	WCC	B	0.06%
	ATO	A	0.06%
	OTIS	C	0.06%
	LH	C	0.06%
	VNO	B	0.06%
	CMA	A	0.06%
	MOS	F	0.06%
	CRBG	B	0.06%
	ORI	A	0.06%
	PWR	A	0.06%
	PNW	B	0.06%
	ROST	C	0.06%
	LAD	A	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%
	GEN	B	0.06%
	ARE	D	0.06%
	FYBR	D	0.06%
	ROP	B	0.06%
	JLL	D	0.06%
	MRVL	B	0.06%
	INVH	D	0.05%
	DXC	B	0.05%
	DRI	B	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%
	ACM	A	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%
	MAA	B	0.05%
	KIM	A	0.05%
	BAX	D	0.05%
	AN	C	0.05%
	BWA	D	0.05%
	TAP	C	0.05%
	YUM	B	0.05%
	AES	F	0.05%
	OMF	A	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%
	HES	B	0.05%
	CHD	B	0.04%
	CPAY	A	0.04%
	SUI	D	0.04%
	BEN	C	0.04%
	CPT	B	0.04%
	WPC	D	0.04%
	DINO	D	0.04%
	GT	C	0.04%
	WBS	A	0.04%
	HST	C	0.04%
	TPR	B	0.04%
	PBF	D	0.04%
	NOW	A	0.04%
	ZBRA	B	0.04%
	HOLX	D	0.04%
	UDR	B	0.04%
	A	D	0.04%
	WRB	A	0.04%
	LEA	D	0.04%
	STWD	C	0.04%
	SNV	B	0.04%
	ABG	B	0.04%
	TMHC	B	0.04%
	J	F	0.04%
	ON	D	0.04%
	REG	B	0.04%
	EXPE	B	0.04%
	CDW	F	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%
	FAF	A	0.04%
	MGM	D	0.04%
	EXPD	D	0.04%
	LKQ	D	0.04%
	SLG	B	0.04%
	MRNA	F	0.04%
	OGE	B	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%
	TXT	D	0.04%
	GPI	A	0.04%
	AR	B	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%
	OLN	D	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%
	WTFC	A	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%
	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%
	CNO	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%
	BPOP	B	0.03%
	JWN	C	0.03%
	SANM	B	0.03%
	FSLR	F	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%
	GEO	B	0.03%
	HUBB	B	0.03%
	CZR	F	0.03%
	AVY	D	0.03%
	MTH	D	0.03%
	LPLA	A	0.03%
	SNPS	B	0.03%
	RVTY	F	0.03%
	BURL	A	0.03%
	MNST	C	0.03%
	ALB	C	0.03%
	ARMK	B	0.03%
	KNX	B	0.03%
	FCNCA	A	0.03%
	PENN	C	0.03%
	BR	A	0.03%
	FTV	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%
	COHR	B	0.03%
	HRL	D	0.03%
	LVS	C	0.03%
	RPM	A	0.03%
	IR	B	0.03%
	HOOD	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%
	APLE	B	0.02%
	CATY	B	0.02%
	RIVN	F	0.02%
	TTMI	B	0.02%
	ALGN	D	0.02%
	DK	C	0.02%
	SMG	D	0.02%
	OUT	A	0.02%
	LNW	D	0.02%
	AIT	A	0.02%
	ADNT	F	0.02%
	ESNT	D	0.02%
	GHC	C	0.02%
	POOL	C	0.02%
	AVA	A	0.02%
	LW	C	0.02%
	NDSN	B	0.02%
	SFNC	B	0.02%
	GATX	A	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%
	KRG	B	0.02%
	VAC	B	0.02%
	NAVI	C	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%
	ITT	A	0.02%
	AGO	B	0.02%
	MELI	D	0.02%
	UMBF	B	0.02%
	UNFI	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%
	COLB	A	0.02%
	PHIN	A	0.02%
	SM	B	0.02%
	PRI	A	0.02%
	LYV	A	0.02%
	VRT	B	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%
	GDDY	A	0.02%
	HOG	D	0.02%
	SBAC	D	0.02%
	LITE	B	0.02%
	CBOE	B	0.02%
	ADSK	A	0.02%
	NOV	C	0.02%
	JAZZ	B	0.02%
	ATR	B	0.02%
	POST	C	0.02%
	KMPR	B	0.02%
	CUBE	D	0.02%
	EXEL	B	0.02%
	BKU	A	0.02%
	LULU	C	0.02%
	CE	F	0.02%
	RNR	C	0.02%
	SLM	A	0.02%
	AAP	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%
	RHI	B	0.02%
	IEX	B	0.02%
	PVH	C	0.02%
	AMG	B	0.02%
	RDN	C	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%
	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%
	LPX	B	0.02%
	UBSI	B	0.02%
	MAC	B	0.02%
	VSCO	B	0.02%
	TPH	D	0.02%
	BBWI	D	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%
	GNW	A	0.02%
	SWX	B	0.02%
	DOX	D	0.02%
	NXST	C	0.02%
	FRT	B	0.02%
	CFR	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%
	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%
	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%
	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%
	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 18 Positions Relative to FLQL

	Symbol	Grade	Weight
	APP	B	-0.42%
	DELL	C	-0.19%
	FICO	B	-0.17%
	TPL	A	-0.16%
	AWI	A	-0.12%
	FIX	A	-0.12%
	PPC	C	-0.11%
	LOPE	B	-0.11%
	ROL	B	-0.1%
	AMCR	D	-0.09%
	MPWR	F	-0.09%
	NEU	C	-0.09%
	CHE	D	-0.09%
	WING	D	-0.08%
	COKE	C	-0.08%
	MEDP	D	-0.08%
	CROX	D	-0.07%
	CRUS	D	-0.07%

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

FLQL: Top Represented Industries & Keywords

Industries: Semiconductors Specialty Retail Medical Care Business Services Drug Manufacturers - Major Oil & Gas E&P REIT - Retail Residential Construction Building Materials Diversified Industrials Information Technology Services Internet Content & Information Packaging & Containers REIT - Diversified Restaurants Semiconductor Equipment & Materials Software - Infrastructure Aerospace & Defense Biotechnology Capital Markets

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Real Estate Investment Trust Electronics Medicine Insurance Natural Gas Semiconductor Smartphones Aerospace Clothing IBD 50 Integrated Circuits Operating System Retail Store Retailing Telecommunications Work From Home