PRF vs. JVAL ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to JPMorgan U.S. Value Factor ETF (JVAL)

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

$41.79

Average Daily Volume

220,686

Number of Holdings ^*

981

* may have additional holdings in another (foreign) market

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$44.56

Average Daily Volume

61,944

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

Performance

Period	PRF	JVAL
30 Days	1.85%	1.94%
60 Days	5.54%	5.32%
90 Days	7.05%	6.89%
12 Months	29.46%	27.96%

325 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in JVAL	Overlap
	AAP	C	0.02%	0.1%	0.02%
	AAPL	C	2.28%	1.91%	1.91%
	ACI	C	0.08%	0.17%	0.08%
	ADI	D	0.18%	0.57%	0.18%
	ADM	F	0.21%	0.25%	0.21%
	AGCO	F	0.03%	0.18%	0.03%
	AGNC	C	0.02%	0.11%	0.02%
	AGO	B	0.02%	0.19%	0.02%
	AGR	C	0.02%	0.11%	0.02%
	AIG	B	0.31%	0.37%	0.31%
	AKAM	F	0.03%	0.25%	0.03%
	AL	B	0.03%	0.05%	0.03%
	ALLY	C	0.08%	0.2%	0.08%
	ALSN	B	0.03%	0.27%	0.03%
	AMAT	F	0.13%	0.74%	0.13%
	AMGN	F	0.35%	0.71%	0.35%
	AMKR	F	0.01%	0.07%	0.01%
	AN	C	0.05%	0.2%	0.05%
	ANSS	B	0.02%	0.18%	0.02%
	APH	B	0.08%	0.5%	0.08%
	APTV	F	0.04%	0.12%	0.04%
	ARMK	B	0.03%	0.13%	0.03%
	ARW	F	0.08%	0.2%	0.08%
	AVGO	C	0.54%	1.99%	0.54%
	AVT	C	0.04%	0.22%	0.04%
	AXS	A	0.03%	0.15%	0.03%
	AYI	A	0.02%	0.2%	0.02%
	BAC	A	1.34%	0.43%	0.43%
	BAX	F	0.06%	0.15%	0.06%
	BBWI	C	0.02%	0.13%	0.02%
	BBY	C	0.13%	0.25%	0.13%
	BC	D	0.02%	0.21%	0.02%
	BDX	F	0.13%	0.06%	0.06%
	BEN	C	0.04%	0.14%	0.04%
	BERY	D	0.04%	0.19%	0.04%
	BG	D	0.1%	0.14%	0.1%
	BK	B	0.27%	0.41%	0.27%
	BLDR	C	0.05%	0.26%	0.05%
	BMY	B	0.39%	0.5%	0.39%
	BOKF	B	0.01%	0.09%	0.01%
	BPOP	C	0.03%	0.2%	0.03%
	BRX	A	0.03%	0.01%	0.01%
	BWA	B	0.05%	0.16%	0.05%
	BYD	A	0.01%	0.17%	0.01%
	C	B	1.14%	0.62%	0.62%
	CACI	C	0.04%	0.27%	0.04%
	CAG	F	0.07%	0.21%	0.07%
	CAT	B	0.35%	0.87%	0.35%
	CCK	D	0.04%	0.23%	0.04%
	CDW	F	0.04%	0.26%	0.04%
	CE	F	0.03%	0.05%	0.03%
	CF	B	0.06%	0.06%	0.06%
	CFG	B	0.16%	0.26%	0.16%
	CI	D	0.36%	0.47%	0.36%
	CIVI	D	0.01%	0.1%	0.01%
	CLF	F	0.03%	0.02%	0.02%
	CLVT	F	0.01%	0.2%	0.01%
	CMA	A	0.06%	0.21%	0.06%
	CMCSA	B	0.79%	0.49%	0.49%
	CMI	A	0.15%	0.39%	0.15%
	CNC	F	0.23%	0.23%	0.23%
	CNH	D	0.06%	0.21%	0.06%
	CNXC	F	0.01%	0.11%	0.01%
	COF	B	0.42%	0.44%	0.42%
	COLB	A	0.02%	0.18%	0.02%
	CPB	F	0.03%	0.19%	0.03%
	CPRI	F	0.01%	0.01%	0.01%
	CRBG	C	0.06%	0.18%	0.06%
	CRI	D	0.01%	0.16%	0.01%
	CRM	B	0.23%	1.19%	0.23%
	CSCO	A	0.64%	0.75%	0.64%
	CTRA	B	0.07%	0.22%	0.07%
	CTSH	A	0.1%	0.32%	0.1%
	CUZ	B	0.03%	0.12%	0.03%
	CVS	F	0.55%	0.42%	0.42%
	CVX	A	1.12%	0.74%	0.74%
	D	D	0.26%	0.1%	0.1%
	DAL	A	0.04%	0.26%	0.04%
	DD	D	0.17%	0.33%	0.17%
	DG	F	0.06%	0.15%	0.06%
	DGX	B	0.07%	0.25%	0.07%
	DHI	D	0.12%	0.35%	0.12%
	DINO	D	0.04%	0.16%	0.04%
	DKS	D	0.03%	0.22%	0.03%
	DOV	A	0.05%	0.29%	0.05%
	DOW	F	0.2%	0.24%	0.2%
	DOX	C	0.03%	0.23%	0.03%
	DRI	B	0.05%	0.22%	0.05%
	DVN	F	0.1%	0.13%	0.1%
	DXC	B	0.05%	0.16%	0.05%
	EBAY	C	0.09%	0.3%	0.09%
	ED	D	0.15%	0.3%	0.15%
	EHC	B	0.02%	0.16%	0.02%
	ELV	F	0.3%	0.47%	0.3%
	ENTG	F	0.01%	0.12%	0.01%
	EPAM	B	0.01%	0.21%	0.01%
	EPR	D	0.02%	0.19%	0.02%
	EQR	C	0.08%	0.04%	0.04%
	ETR	B	0.15%	0.33%	0.15%
	EVRG	A	0.07%	0.24%	0.07%
	EXC	C	0.2%	0.22%	0.2%
	F	C	0.38%	0.33%	0.33%
	FAF	C	0.04%	0.19%	0.04%
	FANG	C	0.08%	0.06%	0.06%
	FBIN	F	0.02%	0.14%	0.02%
	FDX	B	0.3%	0.4%	0.3%
	FFIV	B	0.02%	0.27%	0.02%
	FHB	B	0.02%	0.13%	0.02%
	FHN	A	0.05%	0.17%	0.05%
	FIS	B	0.15%	0.14%	0.14%
	FITB	A	0.14%	0.3%	0.14%
	FMC	F	0.04%	0.14%	0.04%
	FNB	B	0.03%	0.19%	0.03%
	FOXA	A	0.05%	0.24%	0.05%
	G	B	0.02%	0.12%	0.02%
	GAP	B	0.03%	0.19%	0.03%
	GD	C	0.19%	0.38%	0.19%
	GDDY	B	0.02%	0.29%	0.02%
	GEN	B	0.06%	0.27%	0.06%
	GILD	B	0.4%	0.52%	0.4%
	GIS	F	0.13%	0.28%	0.13%
	GLPI	D	0.03%	0.13%	0.03%
	GLW	B	0.13%	0.34%	0.13%
	GM	B	0.76%	0.42%	0.42%
	GNTX	C	0.01%	0.18%	0.01%
	GOOGL	C	1.06%	2.13%	1.06%
	GPC	D	0.05%	0.18%	0.05%
	GPK	D	0.03%	0.21%	0.03%
	GPN	B	0.06%	0.18%	0.06%
	GRMN	A	0.06%	0.32%	0.06%
	HBAN	A	0.12%	0.27%	0.12%
	HD	B	0.71%	0.83%	0.71%
	HII	F	0.02%	0.16%	0.02%
	HIW	D	0.02%	0.21%	0.02%
	HOG	D	0.02%	0.18%	0.02%
	HPE	B	0.19%	0.3%	0.19%
	HPQ	B	0.19%	0.33%	0.19%
	HRB	D	0.03%	0.21%	0.03%
	HRL	F	0.03%	0.11%	0.03%
	HSIC	F	0.03%	0.07%	0.03%
	HST	D	0.04%	0.14%	0.04%
	HUM	D	0.14%	0.18%	0.14%
	HUN	F	0.03%	0.03%	0.03%
	IAC	F	0.02%	0.11%	0.02%
	IBM	D	0.54%	0.85%	0.54%
	INGR	B	0.04%	0.16%	0.04%
	INTC	C	0.47%	0.58%	0.47%
	INTU	A	0.09%	0.73%	0.09%
	IP	B	0.16%	0.27%	0.16%
	IPG	F	0.05%	0.18%	0.05%
	IVZ	B	0.06%	0.19%	0.06%
	JAZZ	B	0.02%	0.12%	0.02%
	JBL	C	0.06%	0.29%	0.06%
	JCI	A	0.18%	0.38%	0.18%
	JEF	B	0.07%	0.25%	0.07%
	JHG	A	0.03%	0.19%	0.03%
	JNJ	D	0.94%	1.3%	0.94%
	JWN	B	0.03%	0.16%	0.03%
	KBR	D	0.02%	0.24%	0.02%
	KEY	B	0.11%	0.21%	0.11%
	KHC	F	0.14%	0.28%	0.14%
	KIM	A	0.05%	0.23%	0.05%
	KLAC	F	0.05%	0.49%	0.05%
	KMI	B	0.3%	0.37%	0.3%
	KR	A	0.31%	0.32%	0.31%
	KRC	C	0.03%	0.15%	0.03%
	KSS	D	0.04%	0.18%	0.04%
	LAD	B	0.06%	0.23%	0.06%
	LDOS	C	0.07%	0.32%	0.07%
	LEA	F	0.04%	0.13%	0.04%
	LEG	F	0.01%	0.11%	0.01%
	LEN	D	0.01%	0.33%	0.01%
	LEN	D	0.12%	0.33%	0.12%
	LH	B	0.06%	0.16%	0.06%
	LHX	B	0.12%	0.31%	0.12%
	LKQ	C	0.04%	0.16%	0.04%
	LNC	B	0.07%	0.08%	0.07%
	LPX	A	0.02%	0.12%	0.02%
	LRCX	F	0.08%	0.54%	0.08%
	LVS	C	0.04%	0.15%	0.04%
	LYB	F	0.15%	0.25%	0.15%
	M	C	0.05%	0.19%	0.05%
	MAN	F	0.03%	0.18%	0.03%
	MCHP	F	0.05%	0.33%	0.05%
	MDT	D	0.35%	0.54%	0.35%
	MDU	D	0.02%	0.12%	0.02%
	META	B	0.98%	2.16%	0.98%
	MGM	D	0.04%	0.18%	0.04%
	MO	A	0.5%	0.51%	0.5%
	MOS	D	0.06%	0.24%	0.06%
	MPC	D	0.3%	0.35%	0.3%
	MPW	F	0.05%	0.1%	0.05%
	MRK	F	0.42%	0.7%	0.42%
	MRO	B	0.07%	0.25%	0.07%
	MRVL	B	0.07%	0.48%	0.07%
	MSFT	C	1.85%	1.77%	1.77%
	MSM	C	0.02%	0.19%	0.02%
	MTB	A	0.15%	0.25%	0.15%
	MTCH	F	0.01%	0.23%	0.01%
	MTG	C	0.02%	0.2%	0.02%
	MTN	C	0.01%	0.08%	0.01%
	MU	D	0.35%	0.46%	0.35%
	MUSA	B	0.03%	0.16%	0.03%
	NFG	D	0.02%	0.2%	0.02%
	NNN	F	0.02%	0.11%	0.02%
	NTAP	D	0.06%	0.27%	0.06%
	NUE	D	0.13%	0.3%	0.13%
	NVR	D	0.05%	0.21%	0.05%
	NVT	C	0.02%	0.04%	0.02%
	NWL	B	0.04%	0.12%	0.04%
	NWSA	B	0.03%	0.23%	0.03%
	NXST	C	0.03%	0.22%	0.03%
	OC	A	0.05%	0.25%	0.05%
	OGE	B	0.04%	0.22%	0.04%
	OGN	F	0.03%	0.06%	0.03%
	OHI	C	0.03%	0.23%	0.03%
	OKTA	C	0.01%	0.13%	0.01%
	OMC	A	0.08%	0.26%	0.08%
	OMF	A	0.05%	0.21%	0.05%
	ON	F	0.04%	0.3%	0.04%
	ORCL	A	0.32%	1.16%	0.32%
	ORI	A	0.06%	0.22%	0.06%
	OSK	B	0.03%	0.22%	0.03%
	OVV	C	0.04%	0.18%	0.04%
	OZK	B	0.02%	0.13%	0.02%
	PAG	B	0.02%	0.18%	0.02%
	PARA	B	0.12%	0.13%	0.12%
	PB	B	0.03%	0.14%	0.03%
	PCAR	B	0.14%	0.37%	0.14%
	PFE	F	0.81%	0.71%	0.71%
	PFG	C	0.1%	0.24%	0.1%
	PH	A	0.11%	0.14%	0.11%
	PHM	D	0.07%	0.29%	0.07%
	PII	F	0.02%	0.1%	0.02%
	PINC	B	0.01%	0.11%	0.01%
	PK	C	0.02%	0.14%	0.02%
	PKG	B	0.06%	0.29%	0.06%
	PM	B	0.64%	0.57%	0.57%
	PNC	B	0.36%	0.12%	0.12%
	PNR	A	0.03%	0.28%	0.03%
	PNW	A	0.06%	0.22%	0.06%
	POOL	D	0.02%	0.14%	0.02%
	POST	D	0.02%	0.13%	0.02%
	PPL	A	0.13%	0.27%	0.13%
	PRGO	C	0.02%	0.1%	0.02%
	PRU	B	0.23%	0.35%	0.23%
	PSX	C	0.28%	0.35%	0.28%
	PTC	B	0.01%	0.18%	0.01%
	PVH	C	0.02%	0.16%	0.02%
	QCOM	F	0.33%	0.84%	0.33%
	QRVO	F	0.02%	0.15%	0.02%
	R	B	0.06%	0.24%	0.06%
	REG	A	0.04%	0.13%	0.04%
	RF	A	0.12%	0.25%	0.12%
	RGA	A	0.06%	0.09%	0.06%
	RHI	B	0.02%	0.18%	0.02%
	RL	B	0.02%	0.22%	0.02%
	ROP	A	0.06%	0.39%	0.06%
	RPRX	F	0.02%	0.12%	0.02%
	RS	C	0.05%	0.25%	0.05%
	RTX	D	0.48%	0.47%	0.47%
	RVTY	C	0.03%	0.15%	0.03%
	SAIC	D	0.02%	0.24%	0.02%
	SCI	B	0.03%	0.24%	0.03%
	SEE	C	0.02%	0.1%	0.02%
	SJM	F	0.05%	0.15%	0.05%
	SLGN	B	0.02%	0.21%	0.02%
	SNA	A	0.04%	0.29%	0.04%
	SNV	B	0.04%	0.21%	0.04%
	SNX	C	0.04%	0.23%	0.04%
	SOLV	C	0.06%	0.05%	0.05%
	SON	F	0.02%	0.13%	0.02%
	SPB	A	0.01%	0.1%	0.01%
	SPG	A	0.12%	0.32%	0.12%
	SSNC	C	0.04%	0.24%	0.04%
	ST	F	0.02%	0.18%	0.02%
	STT	B	0.16%	0.3%	0.16%
	STWD	C	0.04%	0.18%	0.04%
	SWK	F	0.07%	0.14%	0.07%
	SWKS	F	0.04%	0.22%	0.04%
	SYF	B	0.22%	0.3%	0.22%
	T	A	1.16%	0.67%	0.67%
	TAP	B	0.05%	0.22%	0.05%
	TER	F	0.02%	0.22%	0.02%
	TFC	B	0.35%	0.38%	0.35%
	TFX	F	0.02%	0.07%	0.02%
	TGT	C	0.29%	0.34%	0.29%
	THC	B	0.13%	0.22%	0.13%
	THO	B	0.03%	0.19%	0.03%
	TNL	A	0.02%	0.18%	0.02%
	TOL	B	0.05%	0.26%	0.05%
	TPR	A	0.03%	0.23%	0.03%
	TSN	B	0.14%	0.09%	0.09%
	TWLO	B	0.04%	0.34%	0.04%
	TXN	B	0.36%	0.83%	0.36%
	TXT	D	0.04%	0.18%	0.04%
	UAL	A	0.06%	0.25%	0.06%
	UGI	D	0.05%	0.2%	0.05%
	UHAL	D	0.0%	0.05%	0.0%
	UHAL	D	0.02%	0.05%	0.02%
	UHS	D	0.05%	0.22%	0.05%
	UNH	B	1.08%	1.71%	1.08%
	UNM	A	0.08%	0.27%	0.08%
	USB	B	0.37%	0.4%	0.37%
	UTHR	B	0.04%	0.25%	0.04%
	VAC	B	0.02%	0.17%	0.02%
	VFC	C	0.07%	0.09%	0.07%
	VICI	D	0.07%	0.29%	0.07%
	VLO	C	0.32%	0.23%	0.23%
	VOYA	B	0.03%	0.09%	0.03%
	VRT	B	0.02%	0.4%	0.02%
	VTRS	B	0.1%	0.22%	0.1%
	VZ	D	1.18%	0.2%	0.2%
	WAL	B	0.03%	0.21%	0.03%
	WBS	A	0.03%	0.15%	0.03%
	WCC	B	0.06%	0.25%	0.06%
	WDAY	B	0.01%	0.26%	0.01%
	WH	A	0.01%	0.13%	0.01%
	WHR	B	0.06%	0.19%	0.06%
	WPC	F	0.04%	0.12%	0.04%
	WSM	F	0.03%	0.22%	0.03%
	WU	F	0.03%	0.17%	0.03%
	ZBH	C	0.05%	0.17%	0.05%
	ZION	B	0.05%	0.17%	0.05%
	ZM	B	0.03%	0.29%	0.03%

PRF Overweight 656 Positions Relative to JVAL

	Symbol	Grade	Weight
	BRK.A	B	2.3%
	XOM	B	2.24%
	JPM	A	2.14%
	AMZN	A	1.72%
	WFC	A	1.23%
	WMT	A	1.15%
	GOOG	C	0.91%
	GS	B	0.77%
	PG	C	0.69%
	ABBV	F	0.67%
	COST	B	0.56%
	MS	A	0.56%
	PEP	D	0.48%
	KO	F	0.47%
	MCK	B	0.45%
	COP	C	0.42%
	MMM	C	0.42%
	DUK	D	0.4%
	NEE	D	0.38%
	DIS	B	0.38%
	SO	D	0.36%
	TSLA	B	0.35%
	LMT	D	0.35%
	LOW	B	0.34%
	UPS	C	0.33%
	ABT	C	0.32%
	TMUS	A	0.32%
	LIN	D	0.29%
	CB	C	0.29%
	AXP	B	0.29%
	HON	B	0.28%
	MET	C	0.28%
	MCD	C	0.28%
	CAH	B	0.28%
	UNP	D	0.26%
	COR	B	0.26%
	NVDA	A	0.26%
	CHTR	B	0.25%
	V	A	0.25%
	ACN	B	0.25%
	EOG	A	0.25%
	PGR	A	0.24%
	DE	D	0.23%
	TMO	F	0.23%
	GE	D	0.23%
	WMB	B	0.23%
	TRV	B	0.23%
	AEP	D	0.21%
	FI	A	0.21%
	LLY	F	0.21%
	ALL	B	0.2%
	NFLX	A	0.2%
	AFL	C	0.2%
	DFS	B	0.2%
	SRE	B	0.19%
	PYPL	A	0.19%
	NEM	F	0.18%
	NOC	D	0.18%
	TJX	A	0.18%
	ETN	B	0.18%
	MDLZ	F	0.18%
	SPGI	C	0.17%
	SCHW	B	0.17%
	SBUX	B	0.17%
	OKE	A	0.17%
	MA	B	0.17%
	FCX	F	0.16%
	HCA	D	0.16%
	APD	B	0.16%
	AMD	F	0.16%
	DHR	F	0.16%
	WELL	B	0.16%
	EMR	A	0.15%
	PEG	C	0.15%
	PLD	D	0.15%
	AMT	F	0.15%
	WBD	B	0.15%
	CSX	B	0.14%
	EIX	C	0.14%
	HIG	C	0.14%
	XEL	A	0.14%
	SYY	D	0.14%
	ADP	A	0.14%
	CEG	D	0.14%
	CME	B	0.14%
	VST	B	0.14%
	KKR	B	0.13%
	OXY	F	0.13%
	ZIM	B	0.13%
	BX	A	0.13%
	DLR	C	0.13%
	CL	F	0.13%
	SLB	C	0.13%
	MMC	D	0.13%
	KMB	D	0.13%
	NSC	B	0.13%
	BKR	B	0.12%
	BSX	A	0.12%
	SYK	A	0.12%
	WBA	D	0.12%
	ICE	C	0.12%
	CCI	F	0.12%
	NKE	F	0.12%
	BA	F	0.12%
	WM	A	0.12%
	CBRE	B	0.12%
	LUMN	C	0.12%
	ITW	B	0.12%
	REGN	F	0.11%
	GEV	B	0.11%
	ADBE	C	0.11%
	WEC	B	0.11%
	URI	B	0.11%
	PCG	A	0.11%
	NRG	C	0.11%
	VTR	C	0.11%
	CARR	C	0.11%
	WDC	D	0.11%
	O	D	0.1%
	NTRS	A	0.1%
	DTE	D	0.1%
	EQIX	B	0.1%
	CTVA	C	0.1%
	AMP	A	0.1%
	TT	B	0.1%
	BKNG	A	0.1%
	TRGP	B	0.1%
	JXN	C	0.1%
	FE	D	0.1%
	ES	D	0.1%
	IRM	D	0.09%
	VRTX	B	0.09%
	USFD	B	0.09%
	AEE	B	0.09%
	KDP	C	0.09%
	SHW	A	0.09%
	AER	B	0.09%
	WY	F	0.09%
	TROW	A	0.09%
	BIIB	F	0.09%
	PFGC	B	0.08%
	ISRG	A	0.08%
	CINF	A	0.08%
	STLD	C	0.08%
	MKL	A	0.08%
	KMX	B	0.08%
	IFF	F	0.08%
	GEHC	D	0.08%
	K	A	0.08%
	FLEX	B	0.08%
	NXPI	F	0.08%
	AVB	B	0.08%
	AA	C	0.08%
	PPG	F	0.07%
	AJG	A	0.07%
	MSI	B	0.07%
	AZO	B	0.07%
	TDG	D	0.07%
	CMS	D	0.07%
	AON	B	0.07%
	WTW	A	0.07%
	CCL	B	0.07%
	PAYX	B	0.07%
	CNP	B	0.07%
	DOC	C	0.07%
	ACGL	C	0.07%
	STX	D	0.07%
	PSA	D	0.07%
	CHRW	A	0.07%
	ECL	C	0.07%
	ZTS	D	0.06%
	ATO	B	0.06%
	X	D	0.06%
	EQH	B	0.06%
	GWW	B	0.06%
	MCO	C	0.06%
	TDS	C	0.06%
	IQV	F	0.06%
	MHK	D	0.06%
	OTIS	D	0.06%
	PWR	B	0.06%
	CTAS	B	0.06%
	ROST	D	0.06%
	NI	A	0.06%
	ORLY	A	0.06%
	FAST	B	0.06%
	L	A	0.06%
	WAB	B	0.06%
	VNO	C	0.06%
	RSG	B	0.06%
	STZ	D	0.06%
	FYBR	D	0.06%
	SQ	B	0.06%
	EMN	D	0.06%
	RJF	A	0.06%
	JLL	C	0.06%
	BXP	D	0.06%
	FNF	C	0.06%
	LNG	B	0.06%
	HAL	C	0.06%
	EQT	B	0.06%
	ARE	F	0.06%
	HWM	B	0.05%
	INVH	D	0.05%
	BFH	B	0.05%
	EG	D	0.05%
	VMC	B	0.05%
	MTZ	B	0.05%
	CLX	A	0.05%
	ESS	C	0.05%
	ROK	B	0.05%
	RCL	A	0.05%
	BAP	A	0.05%
	UBER	F	0.05%
	TSCO	D	0.05%
	MAA	C	0.05%
	SFM	B	0.05%
	ACM	B	0.05%
	HBI	B	0.05%
	LNT	C	0.05%
	BJ	B	0.05%
	AES	F	0.05%
	AFG	A	0.05%
	YUM	B	0.05%
	MRNA	F	0.05%
	KD	A	0.05%
	MOH	F	0.05%
	HES	B	0.05%
	MAR	A	0.05%
	AWK	D	0.05%
	SUI	F	0.04%
	CPT	C	0.04%
	NOW	A	0.04%
	PBF	F	0.04%
	AVTR	F	0.04%
	UDR	C	0.04%
	DVA	C	0.04%
	COHR	C	0.04%
	ZBRA	B	0.04%
	ANET	C	0.04%
	RMD	C	0.04%
	EXPE	B	0.04%
	HOLX	D	0.04%
	EXR	D	0.04%
	APA	F	0.04%
	WRB	B	0.04%
	GT	C	0.04%
	DLTR	F	0.04%
	ABG	B	0.04%
	TMHC	B	0.04%
	J	D	0.04%
	TDY	B	0.04%
	AIZ	A	0.04%
	A	F	0.04%
	EXPD	C	0.04%
	HAS	D	0.04%
	AR	B	0.04%
	CASY	B	0.04%
	CCEP	C	0.04%
	TTWO	A	0.04%
	EWBC	B	0.04%
	GPI	B	0.04%
	HSY	F	0.04%
	MKC	D	0.04%
	EA	A	0.04%
	AME	A	0.04%
	MLM	B	0.04%
	EME	B	0.04%
	SLG	C	0.04%
	BALL	D	0.04%
	APO	B	0.04%
	EVR	B	0.03%
	WTFC	B	0.03%
	DASH	A	0.03%
	ILMN	C	0.03%
	GL	B	0.03%
	BHF	B	0.03%
	AXTA	A	0.03%
	OLN	F	0.03%
	BIO	C	0.03%
	DAR	B	0.03%
	ALV	C	0.03%
	TGNA	B	0.03%
	ELAN	C	0.03%
	VRSK	A	0.03%
	CMC	B	0.03%
	FOX	A	0.03%
	BRO	B	0.03%
	VLY	B	0.03%
	STE	D	0.03%
	ODFL	B	0.03%
	ICLR	F	0.03%
	WTRG	C	0.03%
	CNO	B	0.03%
	CTLT	D	0.03%
	GNRC	B	0.03%
	PNFP	B	0.03%
	GXO	B	0.03%
	RIG	C	0.03%
	JBHT	C	0.03%
	TRMB	B	0.03%
	SPOT	A	0.03%
	XYL	F	0.03%
	CPRT	A	0.03%
	CPNG	B	0.03%
	BECN	B	0.03%
	GEO	B	0.03%
	CNX	B	0.03%
	EW	F	0.03%
	LBRDK	C	0.03%
	LAMR	D	0.03%
	FSLR	F	0.03%
	COOP	B	0.03%
	LPLA	A	0.03%
	CG	B	0.03%
	RRX	B	0.03%
	CMG	B	0.03%
	EFX	F	0.03%
	BAH	C	0.03%
	BURL	C	0.03%
	WSO	B	0.03%
	MNST	B	0.03%
	PENN	B	0.03%
	ALB	C	0.03%
	HOOD	B	0.03%
	SANM	C	0.03%
	TRU	D	0.03%
	BR	A	0.03%
	KEYS	C	0.03%
	AVY	F	0.03%
	FTV	C	0.03%
	MTH	D	0.03%
	CSL	B	0.03%
	CZR	F	0.03%
	MAS	D	0.03%
	FCNCA	B	0.03%
	SNPS	C	0.03%
	HUBB	C	0.03%
	JNPR	D	0.03%
	HLT	A	0.03%
	KNX	C	0.03%
	CPAY	A	0.03%
	FLR	C	0.03%
	RPM	A	0.03%
	DTM	A	0.03%
	CHD	A	0.03%
	IR	A	0.03%
	SF	A	0.03%
	NDAQ	B	0.03%
	TTC	F	0.02%
	APG	C	0.02%
	WWD	B	0.02%
	AOS	F	0.02%
	GGG	B	0.02%
	ARES	B	0.02%
	RGLD	C	0.02%
	RIVN	F	0.02%
	OUT	B	0.02%
	CATY	B	0.02%
	MC	B	0.02%
	TKR	F	0.02%
	CHRD	D	0.02%
	PCH	F	0.02%
	SMG	D	0.02%
	ESAB	B	0.02%
	REZI	A	0.02%
	ADNT	D	0.02%
	APLE	B	0.02%
	AIT	A	0.02%
	GHC	B	0.02%
	BLD	F	0.02%
	KNF	C	0.02%
	HE	F	0.02%
	RH	C	0.02%
	ALGN	D	0.02%
	AAL	B	0.02%
	AVA	C	0.02%
	ESNT	D	0.02%
	Z	B	0.02%
	TXRH	A	0.02%
	CDP	C	0.02%
	JKHY	C	0.02%
	LW	B	0.02%
	HUBG	A	0.02%
	GRAB	B	0.02%
	SFNC	B	0.02%
	NJR	A	0.02%
	HP	C	0.02%
	ASGN	D	0.02%
	SIG	B	0.02%
	GATX	B	0.02%
	NDSN	B	0.02%
	TTMI	B	0.02%
	GMS	B	0.02%
	ADC	A	0.02%
	FLO	F	0.02%
	LSTR	B	0.02%
	ALLE	D	0.02%
	OI	C	0.02%
	KRG	B	0.02%
	RUSHA	B	0.02%
	FULT	B	0.02%
	NWE	C	0.02%
	NAVI	D	0.02%
	DY	C	0.02%
	ALE	A	0.02%
	COLD	F	0.02%
	MELI	D	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	LITE	B	0.02%
	ABCB	B	0.02%
	MKSI	C	0.02%
	LUV	B	0.02%
	CRL	C	0.02%
	CHKP	C	0.02%
	TYL	B	0.02%
	DCI	A	0.02%
	VMI	B	0.02%
	DECK	B	0.02%
	CXW	B	0.02%
	DPZ	C	0.02%
	SR	C	0.02%
	CC	C	0.02%
	WKC	C	0.02%
	UMBF	B	0.02%
	NVST	C	0.02%
	UNFI	B	0.02%
	HCC	C	0.02%
	TRN	B	0.02%
	CBT	C	0.02%
	NSIT	F	0.02%
	PNM	B	0.02%
	ITT	A	0.02%
	HLF	C	0.02%
	WAT	B	0.02%
	AVNT	B	0.02%
	MIDD	D	0.02%
	LYV	A	0.02%
	GME	C	0.02%
	PHIN	B	0.02%
	KMPR	A	0.02%
	SM	C	0.02%
	PLXS	C	0.02%
	PRI	B	0.02%
	OGS	B	0.02%
	HRI	C	0.02%
	ELS	B	0.02%
	SEM	C	0.02%
	BKU	A	0.02%
	MTD	F	0.02%
	CR	B	0.02%
	LULU	B	0.02%
	CW	C	0.02%
	BTU	C	0.02%
	MHO	D	0.02%
	TCBI	B	0.02%
	LII	B	0.02%
	MAT	C	0.02%
	ADSK	B	0.02%
	CBSH	A	0.02%
	CBOE	D	0.02%
	SOFI	B	0.02%
	SBAC	D	0.02%
	ATR	A	0.02%
	CUBE	D	0.02%
	MSCI	B	0.02%
	SLVM	C	0.02%
	NOV	C	0.02%
	SLM	A	0.02%
	FL	F	0.02%
	EXEL	B	0.02%
	KEX	A	0.02%
	IDA	A	0.02%
	IT	B	0.02%
	AMG	B	0.02%
	CDNS	B	0.02%
	FLS	B	0.02%
	GBCI	B	0.02%
	RDN	C	0.02%
	UFPI	B	0.02%
	RNR	D	0.02%
	IEX	B	0.02%
	HWC	B	0.02%
	SCCO	F	0.02%
	MUR	D	0.02%
	BKH	A	0.02%
	THG	A	0.02%
	XPO	B	0.02%
	VLTO	D	0.02%
	BXMT	D	0.02%
	BCC	B	0.02%
	AMH	C	0.02%
	ASB	B	0.02%
	INCY	B	0.02%
	UBSI	B	0.02%
	COIN	B	0.02%
	CADE	B	0.02%
	CIEN	B	0.02%
	SBRA	C	0.02%
	VSCO	B	0.02%
	POR	D	0.02%
	CSGP	F	0.02%
	MAC	B	0.02%
	TPH	C	0.02%
	KBH	D	0.02%
	DEI	B	0.02%
	SWX	B	0.02%
	GNW	B	0.02%
	ABM	B	0.02%
	SKX	F	0.02%
	ONB	B	0.02%
	EL	F	0.02%
	CAR	C	0.02%
	CWK	C	0.02%
	FTI	B	0.02%
	SSB	B	0.02%
	CLH	B	0.02%
	CFR	B	0.02%
	ULTA	C	0.02%
	MLI	B	0.02%
	FRT	B	0.02%
	NUS	C	0.01%
	HELE	C	0.01%
	FIVE	F	0.01%
	HEI	A	0.01%
	JELD	F	0.01%
	ZG	B	0.01%
	OPCH	F	0.01%
	DXCM	C	0.01%
	BGS	F	0.01%
	AMR	C	0.01%
	SNOW	C	0.01%
	VSAT	F	0.01%
	XP	F	0.01%
	OPEN	F	0.01%
	STNE	F	0.01%
	ARCB	C	0.01%
	HEI	A	0.01%
	ODP	F	0.01%
	WSC	F	0.01%
	IGT	F	0.01%
	GTN	F	0.01%
	ACHC	F	0.01%
	AMN	F	0.01%
	MLKN	D	0.01%
	HTZ	C	0.01%
	CBRL	C	0.01%
	RLJ	C	0.01%
	VSTS	D	0.01%
	XRAY	F	0.01%
	LGIH	F	0.01%
	NSP	F	0.01%
	NWS	B	0.01%
	DIOD	F	0.01%
	URBN	C	0.01%
	TROX	F	0.01%
	EGP	D	0.01%
	OMI	F	0.01%
	HPP	F	0.01%
	UA	B	0.01%
	ATKR	C	0.01%
	ARI	C	0.01%
	CABO	B	0.01%
	BXC	B	0.01%
	AXL	C	0.01%
	UAA	B	0.01%
	PDCO	F	0.01%
	UVV	B	0.01%
	CRC	B	0.01%
	SITE	D	0.01%
	W	F	0.01%
	DRH	C	0.01%
	ENOV	C	0.01%
	CSTM	F	0.01%
	PMT	D	0.01%
	CCS	F	0.01%
	LXP	D	0.01%
	DAN	D	0.01%
	BMRN	F	0.01%
	VSH	F	0.01%
	ANDE	D	0.01%
	ASH	F	0.01%
	EEFT	C	0.01%
	FND	F	0.01%
	CGNX	C	0.01%
	WEX	D	0.01%
	ASO	F	0.01%
	FR	D	0.01%
	LFUS	D	0.01%
	RYN	F	0.01%
	PFSI	D	0.01%
	IDXX	F	0.01%
	APAM	B	0.01%
	SAIA	B	0.01%
	TPX	B	0.01%
	TEX	D	0.01%
	FUL	F	0.01%
	AEO	F	0.01%
	GEF	B	0.01%
	FTNT	B	0.01%
	PECO	B	0.01%
	ENS	D	0.01%
	SBH	A	0.01%
	UCB	B	0.01%
	KMT	B	0.01%
	UNIT	C	0.01%
	LCII	D	0.01%
	ALIT	C	0.01%
	NOMD	F	0.01%
	MTDR	B	0.01%
	JBGS	F	0.01%
	PPBI	B	0.01%
	RRC	B	0.01%
	LECO	C	0.01%
	RLI	A	0.01%
	RUN	F	0.01%
	ATI	F	0.01%
	FIBK	B	0.01%
	THS	F	0.01%
	SIGI	B	0.01%
	ABR	B	0.01%
	FCN	F	0.01%
	GTLS	B	0.01%
	ESI	B	0.01%
	VYX	B	0.01%
	AUB	A	0.01%
	AM	B	0.01%
	XRX	F	0.01%
	WST	B	0.01%
	FFBC	B	0.01%
	WERN	B	0.01%
	WYNN	C	0.01%
	SEIC	A	0.01%
	STAG	D	0.01%
	ABNB	C	0.01%
	ARCH	B	0.01%
	INDB	B	0.01%
	BWXT	B	0.01%
	BDN	D	0.01%
	BCO	F	0.01%
	CNM	D	0.01%
	WLK	F	0.01%
	VNT	C	0.01%
	IRT	A	0.01%
	VEEV	B	0.01%
	ESGR	B	0.01%
	DK	D	0.01%
	FDS	A	0.01%
	MMS	F	0.01%
	RXO	C	0.01%
	REXR	F	0.01%
	SEDG	F	0.0%
	SMCI	F	0.0%
	PARR	F	0.0%
	LBRDA	C	0.0%

PRF Underweight 39 Positions Relative to JVAL

	Symbol	Grade	Weight
	APP	B	-0.52%
	DELL	C	-0.37%
	PAYC	B	-0.3%
	DBX	B	-0.24%
	PEGA	B	-0.24%
	AMCR	D	-0.23%
	ZI	C	-0.23%
	DLB	D	-0.22%
	DNB	B	-0.21%
	GFS	C	-0.21%
	OLED	F	-0.21%
	CRUS	F	-0.17%
	DOCU	B	-0.17%
	DV	C	-0.16%
	PSN	C	-0.15%
	WEN	C	-0.15%
	GLOB	B	-0.15%
	IPGP	C	-0.15%
	VRSN	C	-0.14%
	CXT	F	-0.14%
	U	F	-0.14%
	PR	C	-0.13%
	GTES	B	-0.13%
	INFA	F	-0.12%
	CROX	F	-0.12%
	BSY	F	-0.12%
	PATH	C	-0.12%
	CWEN	D	-0.11%
	DDS	B	-0.11%
	TDC	F	-0.11%
	ADTN	B	-0.11%
	SNDR	B	-0.1%
	SIRI	C	-0.1%
	COLM	B	-0.1%
	PPC	C	-0.09%
	FTRE	D	-0.06%
	DT	C	-0.06%
	ALGM	F	-0.0%
	LOPE	B	-0.0%

PRF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Software - Application Oil & Gas E&P Asset Management 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 Insurance Products Semiconductor Dow Jones Component Deposit Products Beverage

JVAL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Semiconductors Information Technology Services Packaged Foods Packaging & Containers Software - Infrastructure Asset Management Oil & Gas E&P Diversified Industrials Semiconductor Equipment & Materials Specialty Retail Utilities - Regulated Electric Apparel Manufacturing Auto Parts Drug Manufacturers - Major Health Care Plans Internet Content & Information REIT - Retail REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Computing Bank Banking Electronics Insurance Semiconductor Natural Gas Telecommunications Cloud Computing Dow Jones Component Integrated Circuits Aerospace Cash Management Financial Products Real Estate Investment Trust Commercial Banking Electricity Chemical