PRF vs. JPUS ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$119.21

Average Daily Volume

7,891

Number of Holdings ^*

354

* may have additional holdings in another (foreign) market

Performance

Period	PRF	JPUS
30 Days	3.13%	3.61%
60 Days	4.00%	6.37%
90 Days	7.05%	8.24%
12 Months	25.91%	24.93%

335 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in JPUS	Overlap
AAPL	C	2.38%	0.36%	0.36%
ABBV	C	0.69%	0.38%	0.38%
ABT	C	0.34%	0.34%	0.34%
ACGL	C	0.08%	0.35%	0.08%
ACI	F	0.08%	0.31%	0.08%
ACN	C	0.26%	0.33%	0.26%
ADBE	F	0.13%	0.06%	0.06%
ADI	C	0.18%	0.36%	0.18%
ADM	D	0.26%	0.37%	0.26%
AEE	C	0.09%	0.01%	0.01%
AFG	B	0.05%	0.06%	0.05%
AFL	C	0.21%	0.4%	0.21%
AGO	C	0.02%	0.04%	0.02%
ALLY	F	0.08%	0.21%	0.08%
ALSN	B	0.02%	0.3%	0.02%
AM	C	0.01%	0.37%	0.01%
AMAT	D	0.13%	0.29%	0.13%
AME	C	0.04%	0.23%	0.04%
AMGN	B	0.38%	0.41%	0.38%
AMP	A	0.08%	0.23%	0.08%
ANET	B	0.03%	0.4%	0.03%
AOS	D	0.02%	0.32%	0.02%
APH	D	0.08%	0.35%	0.08%
APO	C	0.03%	0.16%	0.03%
ASH	D	0.01%	0.15%	0.01%
ATO	B	0.06%	0.15%	0.06%
AVB	B	0.09%	0.34%	0.09%
AVGO	C	0.51%	0.33%	0.33%
AVY	C	0.04%	0.16%	0.04%
AZO	D	0.07%	0.36%	0.07%
BAC	D	1.23%	0.26%	0.26%
BAH	C	0.03%	0.33%	0.03%
BBY	C	0.15%	0.26%	0.15%
BDX	D	0.14%	0.2%	0.14%
BG	D	0.12%	0.35%	0.12%
BKNG	C	0.08%	0.14%	0.08%
BLDR	C	0.06%	0.34%	0.06%
BMY	C	0.36%	0.22%	0.22%
BPOP	C	0.03%	0.21%	0.03%
BRK.A	C	2.39%	0.41%	0.41%
BRX	B	0.03%	0.38%	0.03%
CACI	B	0.03%	0.13%	0.03%
CAG	C	0.08%	0.42%	0.08%
CAH	C	0.29%	0.35%	0.29%
CARR	B	0.12%	0.09%	0.09%
CASY	D	0.04%	0.38%	0.04%
CAT	B	0.31%	0.24%	0.24%
CB	B	0.32%	0.29%	0.29%
CBOE	C	0.02%	0.3%	0.02%
CBRE	A	0.12%	0.05%	0.05%
CC	F	0.02%	0.01%	0.01%
CCI	C	0.15%	0.2%	0.15%
CDNS	D	0.02%	0.28%	0.02%
CE	F	0.04%	0.32%	0.04%
CEG	C	0.12%	0.33%	0.12%
CF	C	0.06%	0.3%	0.06%
CFG	C	0.14%	0.06%	0.06%
CHD	D	0.04%	0.36%	0.04%
CHK	D	0.04%	0.09%	0.04%
CHTR	D	0.23%	0.34%	0.23%
CI	C	0.44%	0.4%	0.4%
CIEN	C	0.02%	0.33%	0.02%
CL	D	0.16%	0.42%	0.16%
CLF	F	0.03%	0.17%	0.03%
CLH	A	0.02%	0.41%	0.02%
CLX	C	0.05%	0.39%	0.05%
CMCSA	D	0.75%	0.39%	0.39%
CMI	C	0.13%	0.34%	0.13%
CMS	C	0.08%	0.3%	0.08%
CNM	F	0.01%	0.17%	0.01%
CNP	C	0.07%	0.3%	0.07%
COF	B	0.33%	0.34%	0.33%
COP	D	0.41%	0.25%	0.25%
CPB	C	0.04%	0.42%	0.04%
CPT	B	0.04%	0.18%	0.04%
CRI	D	0.01%	0.03%	0.01%
CSCO	C	0.58%	0.35%	0.35%
CSGP	D	0.03%	0.08%	0.03%
CSL	B	0.03%	0.15%	0.03%
CSX	D	0.14%	0.13%	0.13%
CTRA	D	0.07%	0.31%	0.07%
CTSH	C	0.1%	0.37%	0.1%
CTVA	B	0.1%	0.3%	0.1%
CUBE	B	0.02%	0.43%	0.02%
CVS	D	0.59%	0.27%	0.27%
CVX	D	1.06%	0.3%	0.3%
D	C	0.28%	0.37%	0.28%
DFS	B	0.16%	0.1%	0.1%
DGX	B	0.07%	0.36%	0.07%
DHI	B	0.15%	0.46%	0.15%
DHR	B	0.19%	0.33%	0.19%
DINO	F	0.04%	0.24%	0.04%
DKS	D	0.04%	0.36%	0.04%
DOW	D	0.22%	0.29%	0.22%
DOX	C	0.03%	0.25%	0.03%
DRI	B	0.05%	0.24%	0.05%
DTE	C	0.11%	0.33%	0.11%
DTM	B	0.03%	0.05%	0.03%
DUK	C	0.45%	0.35%	0.35%
DVA	B	0.04%	0.4%	0.04%
EA	D	0.04%	0.16%	0.04%
ECL	B	0.08%	0.29%	0.08%
ED	C	0.17%	0.4%	0.17%
EG	C	0.05%	0.3%	0.05%
EGP	B	0.01%	0.07%	0.01%
EIX	C	0.15%	0.43%	0.15%
ELV	C	0.4%	0.36%	0.36%
EMN	B	0.07%	0.28%	0.07%
EOG	D	0.25%	0.27%	0.25%
EPR	B	0.02%	0.19%	0.02%
EQIX	C	0.1%	0.33%	0.1%
EQR	B	0.09%	0.23%	0.09%
EQT	D	0.06%	0.26%	0.06%
ESI	D	0.01%	0.27%	0.01%
ESS	B	0.05%	0.4%	0.05%
ETN	C	0.17%	0.36%	0.17%
ETR	B	0.13%	0.43%	0.13%
EVRG	B	0.08%	0.36%	0.08%
EXC	C	0.22%	0.35%	0.22%
F	F	0.4%	0.18%	0.18%
FANG	D	0.08%	0.3%	0.08%
FAST	C	0.05%	0.34%	0.05%
FCNCA	D	0.03%	0.42%	0.03%
FCX	D	0.14%	0.23%	0.14%
FE	C	0.12%	0.39%	0.12%
FITB	B	0.13%	0.27%	0.13%
FLO	C	0.02%	0.23%	0.02%
FNF	B	0.07%	0.36%	0.07%
FR	B	0.01%	0.17%	0.01%
FRT	C	0.03%	0.1%	0.03%
FYBR	C	0.07%	0.51%	0.07%
GAP	F	0.03%	0.17%	0.03%
GD	B	0.2%	0.38%	0.2%
GEHC	C	0.08%	0.24%	0.08%
GILD	B	0.36%	0.33%	0.33%
GIS	B	0.15%	0.4%	0.15%
GLPI	C	0.03%	0.38%	0.03%
GNTX	F	0.01%	0.28%	0.01%
GOOGL	D	0.97%	0.1%	0.1%
GRMN	D	0.06%	0.4%	0.06%
GWW	B	0.05%	0.38%	0.05%
HBAN	B	0.1%	0.27%	0.1%
HCA	B	0.19%	0.43%	0.19%
HIG	B	0.15%	0.43%	0.15%
HIW	B	0.02%	0.15%	0.02%
HOG	C	0.02%	0.03%	0.02%
HOLX	B	0.04%	0.31%	0.04%
HPE	D	0.16%	0.23%	0.16%
HRB	C	0.03%	0.46%	0.03%
HRL	C	0.04%	0.29%	0.04%
HST	C	0.04%	0.36%	0.04%
HUBB	B	0.03%	0.31%	0.03%
HUM	F	0.17%	0.04%	0.04%
HUN	D	0.03%	0.25%	0.03%
IBM	B	0.57%	0.11%	0.11%
IDA	C	0.02%	0.09%	0.02%
INGR	B	0.04%	0.43%	0.04%
INTU	C	0.09%	0.34%	0.09%
IP	B	0.14%	0.34%	0.14%
IPG	C	0.05%	0.15%	0.05%
IRM	C	0.09%	0.48%	0.09%
IT	B	0.02%	0.31%	0.02%
ITT	B	0.02%	0.21%	0.02%
ITW	C	0.12%	0.31%	0.12%
JEF	B	0.06%	0.24%	0.06%
JLL	B	0.06%	0.45%	0.06%
JNPR	B	0.03%	0.41%	0.03%
K	B	0.08%	0.52%	0.08%
KDP	B	0.11%	0.19%	0.11%
KEY	B	0.1%	0.05%	0.05%
KHC	C	0.16%	0.41%	0.16%
KIM	C	0.05%	0.34%	0.05%
KLAC	D	0.06%	0.33%	0.06%
KMB	D	0.15%	0.38%	0.15%
KMI	B	0.25%	0.33%	0.25%
KO	C	0.56%	0.43%	0.43%
KR	C	0.31%	0.41%	0.31%
KRC	B	0.02%	0.15%	0.02%
KSS	F	0.04%	0.01%	0.01%
LAMR	B	0.03%	0.41%	0.03%
LBRDK	F	0.02%	0.03%	0.02%
LEG	D	0.02%	0.03%	0.02%
LEN	B	0.14%	0.42%	0.14%
LEN	B	0.01%	0.42%	0.01%
LIN	B	0.31%	0.28%	0.28%
LLY	C	0.27%	0.4%	0.27%
LMT	C	0.38%	0.42%	0.38%
LNG	C	0.06%	0.3%	0.06%
LOW	B	0.34%	0.35%	0.34%
LPX	B	0.02%	0.07%	0.02%
LRCX	F	0.08%	0.25%	0.08%
LSTR	D	0.02%	0.04%	0.02%
LW	D	0.01%	0.01%	0.01%
LYB	D	0.17%	0.36%	0.17%
M	F	0.05%	0.17%	0.05%
MAA	B	0.05%	0.23%	0.05%
MAS	B	0.03%	0.3%	0.03%
MCK	F	0.4%	0.32%	0.32%
MDLZ	B	0.22%	0.42%	0.22%
MDT	C	0.38%	0.26%	0.26%
META	B	0.92%	0.39%	0.39%
MMC	C	0.15%	0.38%	0.15%
MNST	D	0.03%	0.33%	0.03%
MO	C	0.52%	0.44%	0.44%
MOH	D	0.06%	0.16%	0.06%
MOS	F	0.06%	0.15%	0.06%
MPC	F	0.34%	0.35%	0.34%
MRK	D	0.51%	0.32%	0.32%
MRO	C	0.07%	0.28%	0.07%
MSFT	C	1.98%	0.35%	0.35%
MSI	B	0.07%	0.44%	0.07%
MSM	D	0.01%	0.23%	0.01%
MTG	B	0.02%	0.36%	0.02%
NEM	B	0.22%	0.23%	0.22%
NFG	B	0.02%	0.31%	0.02%
NI	B	0.06%	0.42%	0.06%
NKE	D	0.13%	0.07%	0.07%
NNN	C	0.03%	0.21%	0.03%
NTAP	D	0.06%	0.31%	0.06%
NUE	F	0.12%	0.28%	0.12%
NVDA	D	0.23%	0.34%	0.23%
NVR	B	0.05%	0.44%	0.05%
NXST	D	0.03%	0.35%	0.03%
OC	D	0.04%	0.28%	0.04%
OGE	C	0.04%	0.36%	0.04%
OHI	B	0.03%	0.45%	0.03%
OLN	D	0.03%	0.26%	0.03%
OMF	D	0.05%	0.17%	0.05%
ORCL	C	0.3%	0.38%	0.3%
ORI	B	0.06%	0.29%	0.06%
ORLY	C	0.06%	0.36%	0.06%
OTIS	C	0.06%	0.07%	0.06%
OXY	F	0.14%	0.09%	0.09%
PAG	D	0.02%	0.3%	0.02%
PCAR	D	0.12%	0.05%	0.05%
PCG	C	0.11%	0.38%	0.11%
PEG	B	0.15%	0.43%	0.15%
PEP	C	0.55%	0.4%	0.4%
PFE	C	0.91%	0.23%	0.23%
PFG	B	0.1%	0.1%	0.1%
PFGC	B	0.07%	0.4%	0.07%
PG	C	0.78%	0.39%	0.39%
PGR	B	0.25%	0.46%	0.25%
PH	B	0.1%	0.33%	0.1%
PHM	B	0.08%	0.44%	0.08%
PK	D	0.02%	0.21%	0.02%
PKG	B	0.06%	0.27%	0.06%
PLD	C	0.18%	0.21%	0.18%
PM	C	0.68%	0.46%	0.46%
PNW	C	0.06%	0.42%	0.06%
POST	C	0.02%	0.42%	0.02%
PPL	C	0.14%	0.42%	0.14%
PRU	C	0.23%	0.09%	0.09%
PSA	B	0.08%	0.39%	0.08%
PSX	F	0.29%	0.33%	0.29%
PWR	B	0.05%	0.37%	0.05%
QCOM	D	0.33%	0.21%	0.21%
R	A	0.06%	0.14%	0.06%
REG	C	0.04%	0.41%	0.04%
REGN	C	0.16%	0.41%	0.16%
RF	B	0.11%	0.08%	0.08%
RGA	C	0.06%	0.16%	0.06%
RHI	D	0.02%	0.17%	0.02%
ROST	C	0.07%	0.26%	0.07%
RPM	B	0.03%	0.26%	0.03%
RRC	D	0.01%	0.05%	0.01%
RS	D	0.05%	0.34%	0.05%
RSG	D	0.07%	0.4%	0.07%
SAIC	C	0.02%	0.09%	0.02%
SCCO	D	0.02%	0.35%	0.02%
SCI	B	0.03%	0.18%	0.03%
SJM	C	0.05%	0.25%	0.05%
SLM	D	0.02%	0.09%	0.02%
SNX	D	0.04%	0.22%	0.04%
SO	B	0.39%	0.42%	0.39%
SON	C	0.03%	0.01%	0.01%
SPB	C	0.01%	0.27%	0.01%
SPG	B	0.12%	0.41%	0.12%
SRE	C	0.18%	0.36%	0.18%
SSNC	B	0.04%	0.04%	0.04%
STAG	C	0.02%	0.26%	0.02%
STE	C	0.03%	0.29%	0.03%
STLD	F	0.06%	0.3%	0.06%
STT	A	0.15%	0.12%	0.12%
STWD	B	0.04%	0.18%	0.04%
STZ	D	0.07%	0.36%	0.07%
SWKS	D	0.04%	0.16%	0.04%
SYF	C	0.17%	0.37%	0.17%
SYK	C	0.12%	0.29%	0.12%
SYY	D	0.15%	0.41%	0.15%
T	C	1.21%	0.46%	0.46%
TAP	D	0.05%	0.41%	0.05%
TGT	C	0.3%	0.24%	0.24%
THC	A	0.13%	0.19%	0.13%
TJX	B	0.2%	0.35%	0.2%
TKR	D	0.02%	0.2%	0.02%
TMO	B	0.27%	0.18%	0.18%
TMUS	C	0.3%	0.43%	0.3%
TNL	D	0.02%	0.05%	0.02%
TOL	B	0.05%	0.45%	0.05%
TRGP	B	0.08%	0.46%	0.08%
TSCO	C	0.05%	0.37%	0.05%
TSN	C	0.16%	0.3%	0.16%
UGI	C	0.05%	0.24%	0.05%
UHS	B	0.06%	0.43%	0.06%
UNH	C	1.12%	0.37%	0.37%
UNM	B	0.07%	0.41%	0.07%
UNP	C	0.28%	0.3%	0.28%
USB	B	0.35%	0.1%	0.1%
USFD	B	0.08%	0.43%	0.08%
UTHR	C	0.04%	0.37%	0.04%
VICI	C	0.08%	0.37%	0.08%
VLO	F	0.34%	0.32%	0.32%
VLTO	C	0.02%	0.04%	0.02%
VRTX	D	0.09%	0.37%	0.09%
VST	C	0.09%	0.34%	0.09%
VTR	C	0.12%	0.27%	0.12%
VTRS	D	0.09%	0.22%	0.09%
VZ	B	1.36%	0.41%	0.41%
WEC	C	0.12%	0.36%	0.12%
WELL	C	0.16%	0.42%	0.16%
WLK	D	0.02%	0.34%	0.02%
WM	D	0.12%	0.38%	0.12%
WMB	B	0.2%	0.34%	0.2%
WPC	C	0.04%	0.26%	0.04%
WRB	C	0.04%	0.12%	0.04%
WSM	D	0.04%	0.34%	0.04%
WST	D	0.01%	0.24%	0.01%
WU	F	0.03%	0.13%	0.03%
WY	C	0.1%	0.34%	0.1%
X	F	0.05%	0.28%	0.05%
XEL	B	0.14%	0.37%	0.14%
XOM	C	2.19%	0.38%	0.38%
XP	D	0.01%	0.19%	0.01%
ZTS	C	0.06%	0.32%	0.06%

PRF Overweight 641 Positions Relative to JPUS

Symbol	Grade	Weight
JPM	D	2.0%
AMZN	C	1.63%
WMT	C	1.16%
JNJ	C	1.05%
C	C	1.02%
WFC	D	0.97%
GOOG	D	0.82%
HD	B	0.71%
GM	C	0.67%
GS	C	0.66%
COST	B	0.59%
RTX	C	0.51%
NEE	C	0.45%
MS	D	0.45%
MMM	B	0.44%
DIS	D	0.37%
INTC	F	0.37%
TFC	C	0.34%
TXN	C	0.34%
PNC	B	0.33%
UPS	D	0.33%
FDX	C	0.32%
AIG	D	0.31%
BLK	B	0.3%
MCD	B	0.3%
TSLA	C	0.29%
MU	F	0.29%
CNC	D	0.29%
AXP	B	0.28%
HON	D	0.28%
MET	B	0.28%
BK	B	0.26%
V	C	0.25%
AEP	C	0.24%
DE	B	0.23%
GE	B	0.23%
TRV	C	0.23%
CRM	D	0.2%
ALL	B	0.2%
SBUX	C	0.19%
SPGI	B	0.19%
NOC	B	0.19%
AMT	C	0.19%
MA	B	0.18%
PYPL	B	0.18%
NFLX	B	0.18%
HPQ	D	0.18%
DD	B	0.17%
AMD	D	0.17%
OKE	B	0.16%
JCI	B	0.16%
CME	C	0.15%
SCHW	D	0.15%
APD	B	0.15%
FIS	B	0.15%
ADP	B	0.14%
BA	F	0.14%
SLB	F	0.13%
MTB	B	0.13%
ICE	C	0.13%
NSC	C	0.13%
WBD	D	0.13%
PARA	F	0.12%
GLW	C	0.12%
WBA	F	0.12%
BSX	B	0.12%
EMR	D	0.12%
ES	C	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%
O	C	0.11%
BX	B	0.11%
BKR	C	0.1%
URI	B	0.1%
TEL	D	0.1%
NRG	C	0.1%
IFF	B	0.1%
EBAY	B	0.1%
ZIM	C	0.1%
TROW	D	0.09%
LUMN	C	0.09%
AER	B	0.09%
ARW	C	0.09%
SHW	B	0.09%
TT	B	0.09%
CINF	B	0.08%
DOC	C	0.08%
ISRG	B	0.08%
MRNA	F	0.08%
TDG	B	0.08%
MKL	C	0.08%
JXN	A	0.08%
SWK	B	0.08%
OMC	B	0.08%
NXPI	F	0.08%
KMX	D	0.08%
NTRS	A	0.08%
GPN	D	0.07%
BAX	C	0.07%
IQV	C	0.07%
ROP	C	0.07%
AON	B	0.07%
WTW	C	0.07%
PAYX	C	0.07%
PPG	D	0.07%
CHRW	B	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	B	0.06%
MRVL	C	0.06%
LNT	B	0.06%
SQ	D	0.06%
SOLV	C	0.06%
LDOS	B	0.06%
LNC	D	0.06%
CTAS	B	0.06%
MCHP	F	0.06%
AA	D	0.06%
VFC	C	0.06%
L	C	0.06%
MCO	B	0.06%
MPW	C	0.06%
DG	F	0.06%
MHK	C	0.06%
FLEX	C	0.06%
GPC	D	0.06%
BXP	B	0.06%
AWK	B	0.06%
HAL	F	0.06%
ACM	B	0.05%
LAD	D	0.05%
OGN	D	0.05%
HAS	B	0.05%
JBL	D	0.05%
ROK	D	0.05%
CCEP	B	0.05%
DXC	C	0.05%
TXT	D	0.05%
SWN	D	0.05%
KD	D	0.05%
UBER	C	0.05%
ZBH	F	0.05%
FOXA	B	0.05%
MAR	C	0.05%
BAP	B	0.05%
EQH	C	0.05%
BJ	D	0.05%
CMA	B	0.05%
BWA	D	0.05%
MKC	C	0.05%
CDW	D	0.05%
RJF	C	0.05%
HES	F	0.05%
AN	D	0.05%
APTV	D	0.05%
HSY	C	0.05%
BALL	C	0.05%
INVH	C	0.05%
IVZ	B	0.05%
DOV	B	0.05%
VNO	B	0.05%
CNH	D	0.05%
YUM	D	0.05%
WHR	D	0.05%
CCL	C	0.05%
AVT	C	0.04%
UAL	C	0.04%
MTH	A	0.04%
EME	B	0.04%
HSIC	C	0.04%
EFX	B	0.04%
MUSA	D	0.04%
SNA	C	0.04%
FSLR	C	0.04%
ZION	D	0.04%
RCL	B	0.04%
TDY	B	0.04%
TMHC	A	0.04%
MTZ	B	0.04%
TTWO	C	0.04%
GPI	B	0.04%
FMC	C	0.04%
MLM	D	0.04%
SFM	B	0.04%
PBF	F	0.04%
SLG	B	0.04%
AIZ	B	0.04%
OVV	F	0.04%
VMC	D	0.04%
RMD	C	0.04%
HBI	B	0.04%
ICLR	D	0.04%
AR	F	0.04%
HWM	B	0.04%
MGM	F	0.04%
UDR	C	0.04%
J	C	0.04%
A	C	0.04%
CCK	A	0.04%
ON	D	0.04%
FAF	B	0.04%
TDS	C	0.04%
EXR	B	0.04%
DLTR	F	0.04%
EXPD	C	0.04%
APA	F	0.04%
FHN	D	0.04%
LEA	F	0.04%
SUI	B	0.04%
AVTR	B	0.04%
LKQ	F	0.04%
WCC	D	0.04%
BERY	B	0.04%
POR	C	0.03%
MDU	C	0.03%
GL	C	0.03%
FNB	C	0.03%
KBH	A	0.03%
TPH	C	0.03%
BRO	C	0.03%
TER	D	0.03%
AL	D	0.03%
SANM	D	0.03%
ALV	F	0.03%
SKX	D	0.03%
PNR	B	0.03%
JBHT	D	0.03%
CPRT	D	0.03%
RIG	F	0.03%
AMH	C	0.03%
COHR	C	0.03%
VRSK	D	0.03%
FLR	D	0.03%
AKAM	D	0.03%
SF	A	0.03%
RRX	C	0.03%
JHG	B	0.03%
AGCO	D	0.03%
THO	D	0.03%
PB	B	0.03%
ELAN	D	0.03%
NWSA	D	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%
COOP	C	0.03%
CTLT	B	0.03%
LVS	D	0.03%
SNPS	D	0.03%
ALB	D	0.03%
WSO	C	0.03%
TWLO	D	0.03%
WAL	B	0.03%
PENN	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%
CPAY	B	0.03%
XYL	C	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%
VOYA	B	0.03%
EL	F	0.03%
DAL	C	0.03%
NOW	B	0.03%
ZBRA	B	0.03%
ABG	D	0.03%
ARMK	B	0.03%
FTV	C	0.03%
HII	D	0.03%
GPK	B	0.03%
NDAQ	A	0.03%
BEN	F	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%
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%
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%
AYI	B	0.02%
LYV	B	0.02%
ASGN	D	0.02%
ABCB	B	0.02%
RL	C	0.02%
HUBG	C	0.02%
CSTM	F	0.02%
FHB	D	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%
JKHY	B	0.02%
CW	B	0.02%
NVST	D	0.02%
ACHC	C	0.02%
DECK	C	0.02%
SLGN	B	0.02%
HLF	F	0.02%
CBT	B	0.02%
PCH	C	0.02%
ALGN	D	0.02%
LUV	C	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%
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%
MIDD	D	0.02%
KMPR	D	0.02%
NAVI	C	0.02%
G	C	0.02%
CPRI	D	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%
AGR	B	0.02%
CAR	F	0.02%
ESNT	B	0.02%
SRCL	A	0.02%
OZK	D	0.02%
MLI	A	0.02%
CBSH	C	0.02%
HWC	D	0.02%
ST	D	0.02%
SEE	D	0.02%
SR	B	0.02%
KBR	D	0.02%
LII	B	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%
MAT	C	0.02%
DASH	C	0.02%
MHO	B	0.02%
AMG	C	0.02%
KEX	C	0.02%
MAC	B	0.02%
PVH	F	0.02%
MSCI	C	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	B	0.02%
LPLA	D	0.02%
FTI	D	0.02%
WTFC	B	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%
TRMB	C	0.02%
EHC	C	0.02%
CMC	D	0.02%
VLY	C	0.02%
NSIT	D	0.02%
COLD	D	0.02%
BKH	B	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%
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%
FOX	B	0.02%
HOOD	C	0.02%
CNO	B	0.02%
ODFL	D	0.02%
OSK	F	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%
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%
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%
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%
BWXT	D	0.01%
PMT	C	0.01%
VNT	F	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%
INDB	C	0.01%
RYN	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%
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%
WERN	D	0.01%
AEO	F	0.01%
AAL	D	0.01%
FND	C	0.01%
KNF	B	0.01%
MC	B	0.01%
GHC	B	0.01%
ASO	C	0.01%
SOFI	C	0.01%
ENS	D	0.01%
LITE	B	0.01%
PFSI	C	0.01%
ARES	B	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%
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 20 Positions Relative to JPUS

Symbol	Grade	Weight
KVUE	C	-0.41%
ROKU	C	-0.38%
SAM	F	-0.2%
MEDP	F	-0.2%
CELH	F	-0.2%
EXP	B	-0.18%
NEU	D	-0.18%
CHE	C	-0.17%
COKE	C	-0.13%
BRBR	C	-0.12%
VIRT	C	-0.12%
VVV	D	-0.1%
UI	B	-0.1%
PPC	D	-0.09%
LOPE	D	-0.08%
IRDM	D	-0.07%
DLB	D	-0.06%
CWEN	C	-0.05%
FTRE	D	-0.03%
GO	F	-0.01%