PRF vs. NZAC ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

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

$41.70

Average Daily Volume

216,996

Number of Holdings ^*

981

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.02

Average Daily Volume

7,530

Number of Holdings ^*

369

* may have additional holdings in another (foreign) market

Performance

Period	PRF	NZAC
30 Days	0.97%	-1.86%
60 Days	3.39%	-0.30%
90 Days	6.62%	2.36%
12 Months	29.02%	25.33%

321 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in NZAC	Overlap
	A	F	0.04%	0.06%	0.04%
	AAPL	C	2.28%	4.41%	2.28%
	ABBV	F	0.67%	0.4%	0.4%
	ABBV	F	0.67%	0.6%	0.6%
	ABNB	C	0.01%	0.05%	0.01%
	ABT	A	0.32%	0.19%	0.19%
	ACGL	D	0.07%	0.12%	0.07%
	ACM	B	0.05%	0.36%	0.05%
	ACN	C	0.25%	0.38%	0.25%
	ADBE	F	0.11%	0.34%	0.11%
	ADI	D	0.18%	0.5%	0.18%
	ADP	B	0.14%	0.2%	0.14%
	ADSK	B	0.02%	0.09%	0.02%
	AFG	A	0.05%	0.07%	0.05%
	AFL	C	0.2%	0.26%	0.2%
	AIG	A	0.31%	0.14%	0.14%
	AIZ	A	0.04%	0.08%	0.04%
	AJG	A	0.07%	0.07%	0.07%
	ALB	C	0.03%	0.01%	0.01%
	ALGN	C	0.02%	0.02%	0.02%
	ALL	A	0.2%	0.13%	0.13%
	ALLE	D	0.02%	0.09%	0.02%
	ALLY	C	0.08%	0.02%	0.02%
	AMAT	F	0.13%	0.13%	0.13%
	AMD	F	0.16%	0.29%	0.16%
	AME	A	0.04%	0.16%	0.04%
	AMGN	F	0.35%	0.23%	0.23%
	AMP	A	0.1%	0.15%	0.1%
	AMT	D	0.15%	0.1%	0.1%
	AMZN	B	1.72%	2.4%	1.72%
	ANET	C	0.04%	0.07%	0.04%
	ANSS	B	0.02%	0.02%	0.02%
	AON	A	0.07%	0.11%	0.07%
	APH	B	0.08%	0.12%	0.08%
	APO	A	0.04%	0.17%	0.04%
	AVB	B	0.08%	0.12%	0.08%
	AVGO	C	0.54%	1.2%	0.54%
	AVTR	F	0.04%	0.03%	0.03%
	AXP	B	0.29%	0.35%	0.29%
	AZO	A	0.07%	0.09%	0.07%
	BAC	A	1.34%	0.41%	0.41%
	BAH	D	0.03%	0.03%	0.03%
	BAX	F	0.06%	0.02%	0.02%
	BBWI	C	0.02%	0.01%	0.01%
	BDX	F	0.13%	0.11%	0.11%
	BIIB	F	0.09%	0.03%	0.03%
	BIO	D	0.03%	0.01%	0.01%
	BK	A	0.27%	0.12%	0.12%
	BKNG	A	0.1%	0.23%	0.1%
	BMRN	F	0.01%	0.02%	0.01%
	BMY	B	0.39%	0.23%	0.23%
	BR	A	0.03%	0.08%	0.03%
	BRK.A	A	2.3%	0.37%	0.37%
	BRO	B	0.03%	0.05%	0.03%
	BSX	A	0.12%	0.3%	0.12%
	BURL	A	0.03%	0.03%	0.03%
	BX	A	0.13%	0.18%	0.13%
	BXP	D	0.06%	0.07%	0.06%
	C	A	1.14%	0.01%	0.01%
	CARR	D	0.11%	0.03%	0.03%
	CB	C	0.29%	0.22%	0.22%
	CBOE	C	0.02%	0.03%	0.02%
	CBRE	B	0.12%	0.18%	0.12%
	CCEP	D	0.04%	0.03%	0.03%
	CCI	C	0.12%	0.07%	0.07%
	CDW	F	0.04%	0.15%	0.04%
	CEG	D	0.14%	0.04%	0.04%
	CG	B	0.03%	0.02%	0.02%
	CHD	A	0.03%	0.09%	0.03%
	CHTR	B	0.25%	0.07%	0.07%
	CINF	A	0.08%	0.06%	0.06%
	CLX	A	0.05%	0.01%	0.01%
	CMCSA	B	0.79%	0.25%	0.25%
	CME	A	0.14%	0.12%	0.12%
	CMG	B	0.03%	0.07%	0.03%
	COF	B	0.42%	0.13%	0.13%
	COIN	A	0.02%	0.03%	0.02%
	CPAY	A	0.03%	0.04%	0.03%
	CPRT	A	0.03%	0.04%	0.03%
	CRM	B	0.23%	0.39%	0.23%
	CSCO	B	0.64%	0.4%	0.4%
	CSGP	F	0.02%	0.03%	0.02%
	CSX	B	0.14%	0.09%	0.09%
	CTAS	B	0.06%	0.04%	0.04%
	CTLT	D	0.03%	0.02%	0.02%
	CTSH	B	0.1%	0.08%	0.08%
	DASH	A	0.03%	0.02%	0.02%
	DE	C	0.23%	0.14%	0.14%
	DFS	B	0.2%	0.09%	0.09%
	DGX	A	0.07%	0.02%	0.02%
	DHI	F	0.12%	0.06%	0.06%
	DHR	F	0.16%	0.2%	0.16%
	DIS	B	0.38%	0.24%	0.24%
	DLR	A	0.13%	0.38%	0.13%
	DLTR	F	0.04%	0.02%	0.02%
	DOC	D	0.07%	0.01%	0.01%
	DXCM	C	0.01%	0.03%	0.01%
	EA	A	0.04%	0.01%	0.01%
	EBAY	D	0.09%	0.13%	0.09%
	ECL	D	0.07%	0.06%	0.06%
	EFX	F	0.03%	0.03%	0.03%
	EG	D	0.05%	0.03%	0.03%
	EIX	C	0.14%	0.77%	0.14%
	EL	F	0.02%	0.03%	0.02%
	ELV	F	0.3%	0.18%	0.18%
	EPAM	B	0.01%	0.01%	0.01%
	EQH	B	0.06%	0.1%	0.06%
	EQIX	A	0.1%	0.32%	0.1%
	EQR	C	0.08%	0.07%	0.07%
	ESS	A	0.05%	0.09%	0.05%
	ETN	B	0.18%	0.28%	0.18%
	EW	C	0.03%	0.1%	0.03%
	EXR	C	0.04%	0.04%	0.04%
	FAST	B	0.06%	0.17%	0.06%
	FDS	A	0.01%	0.01%	0.01%
	FFIV	B	0.02%	0.18%	0.02%
	FI	A	0.21%	0.17%	0.17%
	FIS	A	0.15%	0.06%	0.06%
	FOX	A	0.03%	0.03%	0.03%
	FOXA	B	0.05%	0.04%	0.04%
	FSLR	D	0.03%	0.16%	0.03%
	FTNT	B	0.01%	0.07%	0.01%
	FTV	D	0.03%	0.09%	0.03%
	GDDY	A	0.02%	0.03%	0.02%
	GILD	B	0.4%	0.07%	0.07%
	GIS	D	0.13%	0.08%	0.08%
	GLW	B	0.13%	0.2%	0.13%
	GOOG	B	0.91%	1.48%	0.91%
	GOOGL	B	1.06%	1.06%	1.06%
	GPN	B	0.06%	0.04%	0.04%
	GRMN	B	0.06%	0.08%	0.06%
	GS	A	0.77%	0.06%	0.06%
	GWW	B	0.06%	0.21%	0.06%
	HBAN	A	0.12%	0.02%	0.02%
	HD	A	0.71%	0.56%	0.56%
	HEI	A	0.01%	0.02%	0.01%
	HEI	A	0.01%	0.02%	0.01%
	HIG	A	0.14%	0.12%	0.12%
	HLT	A	0.03%	0.02%	0.02%
	HOLX	D	0.04%	0.05%	0.04%
	HPE	B	0.19%	0.15%	0.15%
	HSIC	C	0.03%	0.05%	0.03%
	HSY	F	0.04%	0.05%	0.04%
	HUM	D	0.14%	0.07%	0.07%
	IBM	D	0.54%	0.61%	0.54%
	ICE	C	0.12%	0.12%	0.12%
	IDXX	F	0.01%	0.06%	0.01%
	IEX	B	0.02%	0.04%	0.02%
	ILMN	C	0.03%	0.04%	0.03%
	INCY	B	0.02%	0.01%	0.01%
	INTC	C	0.47%	0.19%	0.19%
	INTU	B	0.09%	0.3%	0.09%
	IPG	F	0.05%	0.01%	0.01%
	IQV	F	0.06%	0.11%	0.06%
	IRM	D	0.09%	0.06%	0.06%
	ISRG	A	0.08%	0.3%	0.08%
	IT	B	0.02%	0.03%	0.02%
	ITW	B	0.12%	0.32%	0.12%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	D	0.94%	0.61%	0.61%
	JNPR	D	0.03%	0.14%	0.03%
	JPM	A	2.14%	1.03%	1.03%
	KDP	F	0.09%	0.08%	0.08%
	KEYS	C	0.03%	0.07%	0.03%
	KKR	A	0.13%	0.13%	0.13%
	KLAC	F	0.05%	0.16%	0.05%
	LEN	D	0.01%	0.06%	0.01%
	LEN	D	0.12%	0.06%	0.06%
	LH	B	0.06%	0.02%	0.02%
	LIN	D	0.29%	0.08%	0.08%
	LKQ	F	0.04%	0.03%	0.03%
	LLY	F	0.21%	0.98%	0.21%
	LOW	A	0.34%	0.24%	0.24%
	LRCX	F	0.08%	0.11%	0.08%
	LULU	C	0.02%	0.08%	0.02%
	LYV	A	0.02%	0.04%	0.02%
	MA	A	0.17%	0.63%	0.17%
	MAR	A	0.05%	0.02%	0.02%
	MAS	D	0.03%	0.01%	0.01%
	MCD	D	0.28%	0.35%	0.28%
	MCO	D	0.06%	0.21%	0.06%
	MDT	D	0.35%	0.22%	0.22%
	MELI	D	0.02%	0.13%	0.02%
	MET	A	0.28%	0.2%	0.2%
	META	C	0.98%	1.69%	0.98%
	MKC	D	0.04%	0.01%	0.01%
	MKL	A	0.08%	0.07%	0.07%
	MMC	C	0.13%	0.19%	0.13%
	MMM	D	0.42%	0.02%	0.02%
	MNST	B	0.03%	0.03%	0.03%
	MOH	F	0.05%	0.02%	0.02%
	MRK	F	0.42%	0.48%	0.42%
	MRNA	F	0.05%	0.02%	0.02%
	MRVL	B	0.07%	0.13%	0.07%
	MS	A	0.56%	0.25%	0.25%
	MSFT	D	1.85%	4.04%	1.85%
	MSI	A	0.07%	0.25%	0.07%
	MTB	A	0.15%	0.09%	0.09%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	F	0.02%	0.07%	0.02%
	MU	D	0.35%	0.1%	0.1%
	NDAQ	A	0.03%	0.04%	0.03%
	NEM	F	0.18%	0.09%	0.09%
	NFLX	A	0.2%	0.46%	0.2%
	NKE	F	0.12%	0.11%	0.11%
	NOW	B	0.04%	0.38%	0.04%
	NSC	B	0.13%	0.04%	0.04%
	NTAP	D	0.06%	0.06%	0.06%
	NTRS	A	0.1%	0.04%	0.04%
	NVDA	B	0.26%	4.78%	0.26%
	NVR	D	0.05%	0.03%	0.03%
	NXPI	F	0.08%	0.01%	0.01%
	O	D	0.1%	0.06%	0.06%
	ODFL	B	0.03%	0.02%	0.02%
	OMC	C	0.08%	0.03%	0.03%
	ORCL	A	0.32%	0.59%	0.32%
	ORLY	B	0.06%	0.18%	0.06%
	PAYX	B	0.07%	0.08%	0.07%
	PCAR	B	0.14%	0.06%	0.06%
	PFE	F	0.81%	0.2%	0.2%
	PGR	B	0.24%	0.21%	0.21%
	PH	B	0.11%	0.25%	0.11%
	PHM	D	0.07%	0.04%	0.04%
	PLD	D	0.15%	0.21%	0.15%
	PNC	A	0.36%	0.18%	0.18%
	PNR	A	0.03%	0.22%	0.03%
	POOL	D	0.02%	0.02%	0.02%
	PPG	D	0.07%	0.11%	0.07%
	PRU	A	0.23%	0.14%	0.14%
	PSA	C	0.07%	0.11%	0.07%
	PWR	A	0.06%	0.23%	0.06%
	PYPL	A	0.19%	0.12%	0.12%
	QCOM	F	0.33%	0.28%	0.28%
	REG	A	0.04%	0.08%	0.04%
	REGN	F	0.11%	0.11%	0.11%
	RF	A	0.12%	0.07%	0.07%
	RIVN	F	0.02%	0.01%	0.01%
	RJF	A	0.06%	0.03%	0.03%
	RMD	C	0.04%	0.08%	0.04%
	ROK	B	0.05%	0.08%	0.05%
	ROP	C	0.06%	0.02%	0.02%
	ROST	D	0.06%	0.09%	0.06%
	RPRX	F	0.02%	0.02%	0.02%
	RS	B	0.05%	0.08%	0.05%
	RVTY	D	0.03%	0.08%	0.03%
	SBAC	C	0.02%	0.03%	0.02%
	SBUX	A	0.17%	0.14%	0.14%
	SCCO	F	0.02%	0.08%	0.02%
	SCHW	A	0.17%	0.17%	0.17%
	SEIC	A	0.01%	0.02%	0.01%
	SHW	C	0.09%	0.56%	0.09%
	SMCI	F	0.0%	0.01%	0.0%
	SNA	A	0.04%	0.02%	0.02%
	SNOW	C	0.01%	0.02%	0.01%
	SPG	A	0.12%	0.15%	0.12%
	SPGI	C	0.17%	0.37%	0.17%
	SQ	A	0.06%	0.02%	0.02%
	SQ	A	0.06%	0.01%	0.01%
	STE	D	0.03%	0.02%	0.02%
	STLD	B	0.08%	0.01%	0.01%
	STT	A	0.16%	0.02%	0.02%
	STZ	D	0.06%	0.03%	0.03%
	SUI	D	0.04%	0.01%	0.01%
	SWKS	F	0.04%	0.01%	0.01%
	SYF	B	0.22%	0.09%	0.09%
	SYK	A	0.12%	0.23%	0.12%
	T	A	1.16%	0.17%	0.17%
	TDG	D	0.07%	0.13%	0.07%
	TDY	B	0.04%	0.1%	0.04%
	TER	F	0.02%	0.04%	0.02%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.29%	0.02%	0.02%
	TJX	A	0.18%	0.35%	0.18%
	TMO	F	0.23%	0.34%	0.23%
	TMUS	A	0.32%	0.13%	0.13%
	TRMB	B	0.03%	0.07%	0.03%
	TROW	A	0.09%	0.05%	0.05%
	TRU	D	0.03%	0.01%	0.01%
	TRV	A	0.23%	0.15%	0.15%
	TSLA	A	0.35%	1.19%	0.35%
	TT	A	0.1%	0.02%	0.02%
	TXN	B	0.36%	0.28%	0.28%
	UBER	F	0.05%	0.16%	0.05%
	UHAL	D	0.02%	0.04%	0.02%
	UHAL	D	0.0%	0.04%	0.0%
	ULTA	F	0.02%	0.05%	0.02%
	UNH	B	1.08%	0.77%	0.77%
	UNP	D	0.26%	0.21%	0.21%
	UPS	C	0.33%	0.07%	0.07%
	URI	B	0.11%	0.05%	0.05%
	USB	A	0.37%	0.12%	0.12%
	V	A	0.25%	0.72%	0.25%
	VEEV	C	0.01%	0.03%	0.01%
	VICI	C	0.07%	0.03%	0.03%
	VLTO	D	0.02%	0.03%	0.02%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	B	0.03%	0.04%	0.03%
	VRT	A	0.02%	0.02%	0.02%
	VRTX	C	0.09%	0.15%	0.09%
	VTR	C	0.11%	0.06%	0.06%
	VZ	C	1.18%	0.2%	0.2%
	WAB	B	0.06%	0.08%	0.06%
	WAT	B	0.02%	0.02%	0.02%
	WDAY	C	0.01%	0.02%	0.01%
	WELL	A	0.16%	0.15%	0.15%
	WFC	A	1.23%	0.23%	0.23%
	WM	B	0.12%	0.1%	0.1%
	WMT	A	1.15%	0.34%	0.34%
	WPC	D	0.04%	0.01%	0.01%
	WRB	A	0.04%	0.07%	0.04%
	WST	C	0.01%	0.02%	0.01%
	WTW	B	0.07%	0.07%	0.07%
	WYNN	D	0.01%	0.01%	0.01%
	XRX	F	0.01%	0.03%	0.01%
	XYL	D	0.03%	0.36%	0.03%
	YUM	D	0.05%	0.08%	0.05%
	Z	A	0.02%	0.01%	0.01%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	B	0.04%	0.02%	0.02%
	ZM	B	0.03%	0.02%	0.02%
	ZTS	D	0.06%	0.16%	0.06%

PRF Overweight 662 Positions Relative to NZAC

	Symbol	Grade	Weight
	XOM	A	2.24%
	CVX	A	1.12%
	GM	B	0.76%
	PG	C	0.69%
	PM	A	0.64%
	COST	B	0.56%
	CVS	D	0.55%
	MO	A	0.5%
	RTX	D	0.48%
	PEP	F	0.48%
	KO	D	0.47%
	MCK	A	0.45%
	COP	B	0.42%
	DUK	C	0.4%
	NEE	C	0.38%
	F	C	0.38%
	SO	C	0.36%
	CI	D	0.36%
	LMT	D	0.35%
	TFC	A	0.35%
	CAT	B	0.35%
	VLO	C	0.32%
	KR	B	0.31%
	FDX	A	0.3%
	KMI	A	0.3%
	MPC	C	0.3%
	HON	A	0.28%
	PSX	C	0.28%
	CAH	A	0.28%
	COR	B	0.26%
	D	C	0.26%
	EOG	A	0.25%
	GE	D	0.23%
	CNC	F	0.23%
	WMB	A	0.23%
	ADM	D	0.21%
	AEP	C	0.21%
	EXC	C	0.2%
	DOW	F	0.2%
	GD	D	0.19%
	SRE	A	0.19%
	HPQ	A	0.19%
	JCI	A	0.18%
	NOC	D	0.18%
	MDLZ	F	0.18%
	OKE	A	0.17%
	DD	D	0.17%
	CFG	A	0.16%
	FCX	F	0.16%
	IP	A	0.16%
	HCA	F	0.16%
	APD	A	0.16%
	EMR	A	0.15%
	LYB	F	0.15%
	PEG	C	0.15%
	ETR	A	0.15%
	CMI	A	0.15%
	ED	D	0.15%
	WBD	B	0.15%
	FITB	A	0.14%
	XEL	A	0.14%
	SYY	B	0.14%
	TSN	A	0.14%
	KHC	F	0.14%
	VST	A	0.14%
	THC	C	0.13%
	NUE	D	0.13%
	OXY	D	0.13%
	ZIM	A	0.13%
	CL	C	0.13%
	SLB	C	0.13%
	PPL	A	0.13%
	KMB	C	0.13%
	BBY	D	0.13%
	BKR	A	0.12%
	WBA	F	0.12%
	LHX	B	0.12%
	PARA	D	0.12%
	BA	F	0.12%
	LUMN	C	0.12%
	GEV	B	0.11%
	WEC	A	0.11%
	PCG	A	0.11%
	NRG	B	0.11%
	KEY	A	0.11%
	WDC	F	0.11%
	VTRS	A	0.1%
	DTE	C	0.1%
	CTVA	D	0.1%
	BG	D	0.1%
	DVN	F	0.1%
	TRGP	A	0.1%
	PFG	A	0.1%
	JXN	B	0.1%
	FE	C	0.1%
	ES	C	0.1%
	USFD	B	0.09%
	AEE	A	0.09%
	AER	C	0.09%
	WY	D	0.09%
	ACI	C	0.08%
	PFGC	B	0.08%
	FANG	C	0.08%
	UNM	A	0.08%
	KMX	B	0.08%
	IFF	F	0.08%
	GEHC	D	0.08%
	K	B	0.08%
	FLEX	B	0.08%
	AA	A	0.08%
	ARW	D	0.08%
	LNC	B	0.07%
	JEF	A	0.07%
	LDOS	C	0.07%
	CTRA	A	0.07%
	CAG	F	0.07%
	CMS	C	0.07%
	MRO	A	0.07%
	VFC	C	0.07%
	CCL	A	0.07%
	CNP	A	0.07%
	SWK	F	0.07%
	STX	D	0.07%
	EVRG	A	0.07%
	CHRW	A	0.07%
	DG	F	0.06%
	ATO	A	0.06%
	X	C	0.06%
	CMA	B	0.06%
	WCC	B	0.06%
	ORI	A	0.06%
	TDS	B	0.06%
	IVZ	B	0.06%
	CF	A	0.06%
	MHK	D	0.06%
	OTIS	C	0.06%
	UAL	A	0.06%
	JBL	C	0.06%
	PNW	A	0.06%
	CNH	C	0.06%
	LAD	A	0.06%
	RGA	A	0.06%
	WHR	A	0.06%
	SOLV	C	0.06%
	CRBG	B	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	L	A	0.06%
	PKG	B	0.06%
	VNO	C	0.06%
	MOS	D	0.06%
	R	B	0.06%
	RSG	B	0.06%
	FYBR	C	0.06%
	EMN	C	0.06%
	JLL	C	0.06%
	FNF	C	0.06%
	LNG	A	0.06%
	HAL	C	0.06%
	EQT	A	0.06%
	ARE	F	0.06%
	ZION	A	0.05%
	HWM	A	0.05%
	INVH	D	0.05%
	BFH	B	0.05%
	DRI	B	0.05%
	MTZ	B	0.05%
	TAP	B	0.05%
	UGI	C	0.05%
	RCL	A	0.05%
	MPW	F	0.05%
	DXC	D	0.05%
	BAP	A	0.05%
	TSCO	D	0.05%
	SJM	D	0.05%
	MAA	A	0.05%
	OC	A	0.05%
	SFM	B	0.05%
	HBI	A	0.05%
	KIM	A	0.05%
	UHS	D	0.05%
	TOL	B	0.05%
	AN	D	0.05%
	LNT	A	0.05%
	BJ	B	0.05%
	AES	F	0.05%
	BWA	B	0.05%
	FHN	A	0.05%
	OMF	A	0.05%
	KD	A	0.05%
	DOV	B	0.05%
	HES	B	0.05%
	GPC	D	0.05%
	M	D	0.05%
	BLDR	D	0.05%
	MCHP	F	0.05%
	AWK	C	0.05%
	BEN	C	0.04%
	DINO	D	0.04%
	CPT	D	0.04%
	FMC	F	0.04%
	PBF	D	0.04%
	LVS	B	0.04%
	CACI	C	0.04%
	UDR	C	0.04%
	DVA	C	0.04%
	SSNC	C	0.04%
	COHR	C	0.04%
	HST	D	0.04%
	EXPE	A	0.04%
	APA	F	0.04%
	AVT	C	0.04%
	STWD	C	0.04%
	GT	C	0.04%
	ABG	B	0.04%
	LEA	F	0.04%
	INGR	B	0.04%
	SNV	B	0.04%
	FAF	C	0.04%
	TMHC	B	0.04%
	UTHR	C	0.04%
	KSS	F	0.04%
	J	D	0.04%
	OVV	C	0.04%
	EXPD	D	0.04%
	NWL	B	0.04%
	APTV	F	0.04%
	MGM	D	0.04%
	HAS	D	0.04%
	CCK	D	0.04%
	AR	B	0.04%
	CASY	B	0.04%
	ON	F	0.04%
	DAL	A	0.04%
	OGE	A	0.04%
	TTWO	A	0.04%
	EWBC	A	0.04%
	SNX	C	0.04%
	GPI	B	0.04%
	BERY	C	0.04%
	MLM	B	0.04%
	EME	B	0.04%
	SLG	B	0.04%
	TWLO	A	0.04%
	TXT	D	0.04%
	BALL	D	0.04%
	EVR	B	0.03%
	CE	F	0.03%
	WTFC	A	0.03%
	HUN	F	0.03%
	GL	B	0.03%
	CUZ	B	0.03%
	BHF	B	0.03%
	AXTA	A	0.03%
	OLN	F	0.03%
	GAP	C	0.03%
	DAR	B	0.03%
	ALV	C	0.03%
	HRB	D	0.03%
	TGNA	B	0.03%
	ELAN	D	0.03%
	CMC	B	0.03%
	VLY	A	0.03%
	DOX	D	0.03%
	MAN	F	0.03%
	OSK	B	0.03%
	ALSN	A	0.03%
	AGCO	D	0.03%
	ICLR	F	0.03%
	KRC	C	0.03%
	AKAM	F	0.03%
	SCI	A	0.03%
	WTRG	B	0.03%
	AL	A	0.03%
	CNO	A	0.03%
	GNRC	B	0.03%
	PNFP	A	0.03%
	GXO	B	0.03%
	RIG	D	0.03%
	JBHT	C	0.03%
	SPOT	A	0.03%
	WU	F	0.03%
	NXST	D	0.03%
	FNB	A	0.03%
	CPNG	D	0.03%
	BECN	A	0.03%
	GEO	A	0.03%
	PB	A	0.03%
	CNX	A	0.03%
	JWN	C	0.03%
	THO	B	0.03%
	BPOP	D	0.03%
	LBRDK	C	0.03%
	NWSA	B	0.03%
	LAMR	D	0.03%
	AXS	A	0.03%
	GLPI	C	0.03%
	BRX	A	0.03%
	COOP	B	0.03%
	LPLA	A	0.03%
	CLF	F	0.03%
	RRX	B	0.03%
	OHI	C	0.03%
	WSO	A	0.03%
	PENN	C	0.03%
	HOOD	A	0.03%
	SANM	B	0.03%
	GPK	D	0.03%
	JHG	A	0.03%
	AVY	D	0.03%
	MTH	D	0.03%
	ARMK	C	0.03%
	CSL	C	0.03%
	CZR	F	0.03%
	FCNCA	A	0.03%
	TPR	A	0.03%
	SNPS	C	0.03%
	HUBB	B	0.03%
	WAL	B	0.03%
	MUSA	A	0.03%
	VOYA	A	0.03%
	KNX	B	0.03%
	FLR	B	0.03%
	RPM	A	0.03%
	HRL	F	0.03%
	DTM	A	0.03%
	CPB	D	0.03%
	DKS	D	0.03%
	OGN	F	0.03%
	IR	B	0.03%
	SF	A	0.03%
	WBS	A	0.03%
	WSM	D	0.03%
	TTC	D	0.02%
	APG	C	0.02%
	WWD	B	0.02%
	AOS	F	0.02%
	GGG	A	0.02%
	ARES	B	0.02%
	RGLD	A	0.02%
	OUT	A	0.02%
	CATY	A	0.02%
	MC	B	0.02%
	TKR	F	0.02%
	CHRD	D	0.02%
	PCH	D	0.02%
	SMG	D	0.02%
	ESAB	B	0.02%
	REZI	A	0.02%
	ADNT	F	0.02%
	APLE	B	0.02%
	AIT	A	0.02%
	MSM	D	0.02%
	GHC	B	0.02%
	BLD	F	0.02%
	KNF	B	0.02%
	HE	D	0.02%
	RH	C	0.02%
	AAL	B	0.02%
	AVA	C	0.02%
	ESNT	D	0.02%
	TXRH	B	0.02%
	EPR	D	0.02%
	CDP	C	0.02%
	LW	C	0.02%
	HUBG	A	0.02%
	GRAB	A	0.02%
	SFNC	B	0.02%
	NJR	A	0.02%
	MDU	D	0.02%
	HP	C	0.02%
	ASGN	F	0.02%
	SIG	C	0.02%
	IAC	F	0.02%
	GATX	A	0.02%
	NDSN	C	0.02%
	TTMI	B	0.02%
	GMS	B	0.02%
	ADC	A	0.02%
	FLO	D	0.02%
	LSTR	D	0.02%
	OI	D	0.02%
	KRG	B	0.02%
	RUSHA	B	0.02%
	FULT	A	0.02%
	NWE	C	0.02%
	NAVI	F	0.02%
	DY	C	0.02%
	ALE	A	0.02%
	SLGN	A	0.02%
	PAG	B	0.02%
	AGO	A	0.02%
	COLD	F	0.02%
	HOMB	A	0.02%
	LNW	F	0.02%
	LITE	B	0.02%
	ABCB	B	0.02%
	VAC	C	0.02%
	MKSI	C	0.02%
	LUV	A	0.02%
	CRL	D	0.02%
	CHKP	D	0.02%
	AGR	A	0.02%
	TYL	B	0.02%
	DCI	B	0.02%
	VMI	B	0.02%
	DECK	A	0.02%
	ST	F	0.02%
	PII	F	0.02%
	QRVO	F	0.02%
	FHB	B	0.02%
	CXW	B	0.02%
	DPZ	C	0.02%
	SR	A	0.02%
	CC	C	0.02%
	WKC	D	0.02%
	UMBF	B	0.02%
	NVST	C	0.02%
	UNFI	A	0.02%
	HCC	B	0.02%
	TRN	A	0.02%
	CBT	C	0.02%
	NSIT	F	0.02%
	PNM	B	0.02%
	ITT	A	0.02%
	HLF	C	0.02%
	G	A	0.02%
	AYI	B	0.02%
	AVNT	B	0.02%
	COLB	B	0.02%
	MIDD	C	0.02%
	GME	C	0.02%
	PHIN	A	0.02%
	KMPR	A	0.02%
	SM	C	0.02%
	PLXS	B	0.02%
	RL	B	0.02%
	PRI	A	0.02%
	OGS	A	0.02%
	HRI	B	0.02%
	ELS	B	0.02%
	JAZZ	B	0.02%
	SEM	B	0.02%
	BC	D	0.02%
	BKU	A	0.02%
	SEE	D	0.02%
	CR	B	0.02%
	CW	B	0.02%
	BTU	B	0.02%
	AAP	C	0.02%
	NVT	C	0.02%
	MHO	D	0.02%
	TCBI	A	0.02%
	LII	A	0.02%
	MAT	D	0.02%
	CBSH	A	0.02%
	NNN	C	0.02%
	SOFI	A	0.02%
	ATR	B	0.02%
	HOG	D	0.02%
	CUBE	C	0.02%
	MSCI	A	0.02%
	POST	D	0.02%
	SLVM	B	0.02%
	NOV	D	0.02%
	TNL	A	0.02%
	SLM	A	0.02%
	FL	F	0.02%
	EXEL	B	0.02%
	KEX	A	0.02%
	IDA	A	0.02%
	KBR	D	0.02%
	MTG	C	0.02%
	OZK	A	0.02%
	AMG	A	0.02%
	CDNS	B	0.02%
	FLS	A	0.02%
	GBCI	A	0.02%
	RDN	D	0.02%
	PRGO	C	0.02%
	UFPI	C	0.02%
	RNR	D	0.02%
	HWC	B	0.02%
	MUR	D	0.02%
	BKH	A	0.02%
	THG	A	0.02%
	XPO	B	0.02%
	RHI	C	0.02%
	SAIC	D	0.02%
	PVH	C	0.02%
	BXMT	D	0.02%
	BCC	A	0.02%
	AMH	C	0.02%
	LPX	A	0.02%
	ASB	B	0.02%
	UBSI	A	0.02%
	FBIN	F	0.02%
	CADE	B	0.02%
	NFG	A	0.02%
	CIEN	B	0.02%
	SON	D	0.02%
	SBRA	C	0.02%
	VSCO	A	0.02%
	POR	C	0.02%
	MAC	A	0.02%
	TPH	D	0.02%
	KBH	D	0.02%
	DEI	B	0.02%
	SWX	A	0.02%
	GNW	A	0.02%
	ABM	B	0.02%
	SKX	F	0.02%
	ONB	B	0.02%
	EHC	B	0.02%
	HIW	D	0.02%
	CAR	C	0.02%
	HII	F	0.02%
	CWK	B	0.02%
	FTI	A	0.02%
	SSB	B	0.02%
	AGNC	C	0.02%
	CLH	C	0.02%
	CFR	B	0.02%
	MLI	B	0.02%
	FRT	C	0.02%
	PK	D	0.02%
	NUS	C	0.01%
	HELE	C	0.01%
	FIVE	F	0.01%
	CNXC	F	0.01%
	CLVT	F	0.01%
	JELD	F	0.01%
	ZG	A	0.01%
	OPCH	F	0.01%
	BGS	F	0.01%
	AMR	C	0.01%
	VSAT	F	0.01%
	XP	F	0.01%
	OPEN	F	0.01%
	STNE	F	0.01%
	ARCB	C	0.01%
	CRI	F	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	F	0.01%
	HTZ	C	0.01%
	CBRL	C	0.01%
	RLJ	C	0.01%
	VSTS	F	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%
	CPRI	F	0.01%
	TROX	F	0.01%
	EGP	D	0.01%
	AMKR	F	0.01%
	OMI	F	0.01%
	HPP	F	0.01%
	UA	B	0.01%
	ATKR	C	0.01%
	ARI	C	0.01%
	CABO	C	0.01%
	BXC	A	0.01%
	AXL	C	0.01%
	UAA	B	0.01%
	PDCO	D	0.01%
	UVV	B	0.01%
	CRC	A	0.01%
	SITE	D	0.01%
	W	D	0.01%
	DRH	B	0.01%
	ENOV	C	0.01%
	CSTM	D	0.01%
	PMT	D	0.01%
	CCS	F	0.01%
	LXP	D	0.01%
	DAN	F	0.01%
	VSH	F	0.01%
	ANDE	C	0.01%
	ASH	F	0.01%
	EEFT	C	0.01%
	FND	F	0.01%
	CGNX	D	0.01%
	BYD	B	0.01%
	WEX	F	0.01%
	PINC	B	0.01%
	ASO	F	0.01%
	FR	D	0.01%
	LFUS	D	0.01%
	RYN	D	0.01%
	PFSI	D	0.01%
	APAM	A	0.01%
	SPB	C	0.01%
	ENTG	F	0.01%
	SAIA	C	0.01%
	TPX	A	0.01%
	TEX	D	0.01%
	FUL	F	0.01%
	OKTA	D	0.01%
	AEO	F	0.01%
	PTC	B	0.01%
	GEF	B	0.01%
	PECO	A	0.01%
	ENS	D	0.01%
	SBH	A	0.01%
	UCB	A	0.01%
	KMT	B	0.01%
	UNIT	B	0.01%
	LCII	D	0.01%
	ALIT	C	0.01%
	NOMD	D	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	D	0.01%
	WH	B	0.01%
	FIBK	A	0.01%
	THS	F	0.01%
	SIGI	B	0.01%
	ABR	B	0.01%
	BOKF	A	0.01%
	FCN	F	0.01%
	GTLS	A	0.01%
	ESI	B	0.01%
	VYX	C	0.01%
	GNTX	D	0.01%
	AUB	A	0.01%
	AM	A	0.01%
	CIVI	C	0.01%
	FFBC	A	0.01%
	WERN	B	0.01%
	STAG	D	0.01%
	ARCH	B	0.01%
	INDB	A	0.01%
	BWXT	A	0.01%
	BDN	D	0.01%
	MTN	C	0.01%
	BCO	F	0.01%
	CNM	C	0.01%
	WLK	F	0.01%
	VNT	C	0.01%
	IRT	A	0.01%
	ESGR	B	0.01%
	DK	D	0.01%
	MMS	D	0.01%
	LEG	F	0.01%
	RXO	C	0.01%
	REXR	F	0.01%
	SEDG	F	0.0%
	PARR	D	0.0%
	LBRDA	C	0.0%

PRF Underweight 51 Positions Relative to NZAC

	Symbol	Grade	Weight
	NVS	D	-0.41%
	BABA	D	-0.26%
	TD	D	-0.19%
	SONY	B	-0.16%
	PANW	B	-0.14%
	HDB	C	-0.14%
	LI	F	-0.12%
	INFY	D	-0.11%
	DEO	F	-0.1%
	SHOP	B	-0.09%
	MUFG	A	-0.08%
	PDD	F	-0.08%
	TCOM	B	-0.07%
	WIT	B	-0.07%
	HSBH	A	-0.07%
	TTD	B	-0.06%
	PLTR	A	-0.06%
	ENPH	F	-0.06%
	AXON	A	-0.05%
	BIDU	F	-0.04%
	ALNY	D	-0.04%
	BCS	A	-0.04%
	XPEV	C	-0.04%
	AZN	F	-0.03%
	ERIE	F	-0.03%
	MSTR	A	-0.02%
	TEVA	D	-0.02%
	PINS	F	-0.02%
	TW	A	-0.02%
	ROL	A	-0.02%
	CRWD	B	-0.02%
	NIO	F	-0.02%
	PODD	A	-0.02%
	ASAI	F	-0.02%
	BCH	D	-0.02%
	MBAVU	A	-0.01%
	QGEN	D	-0.01%
	EXAS	F	-0.01%
	KVUE	A	-0.01%
	TECH	F	-0.01%
	PAYC	B	-0.01%
	MKTX	D	-0.01%
	SNAP	D	-0.01%
	NBIX	D	-0.01%
	DOCU	B	-0.01%
	KB	B	-0.01%
	VRSN	F	-0.01%
	LYG	C	-0.01%
	QFIN	B	-0.01%
	WIT	B	-0.0%
	NIO	F	-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 Dow Jones Component Insurance Products Semiconductor Deposit Products Beverage

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Drug Manufacturers - Major Asset Management Diversified Industrials Semiconductors Biotechnology Capital Markets Information Technology Services Internet Content & Information Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Specialty Retail Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Computing Insurance Dow Jones Component Bank Medicine Banking Telecommunications Insurance Products Mobile Devices Investment Bank Electronics Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Chemical Semiconductor