PRF vs. QLC ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$40.06

Average Daily Volume

293,269

Number of Holdings ^*

978

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$63.51

Average Daily Volume

10,960

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	PRF	QLC
30 Days	2.14%	1.13%
60 Days	2.04%	1.34%
90 Days	5.96%	2.86%
12 Months	23.41%	30.09%

157 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in QLC	Overlap
AAPL	D	2.35%	7.94%	2.35%
ABBV	B	0.69%	0.24%	0.24%
ABNB	D	0.01%	0.2%	0.01%
ABT	B	0.33%	0.14%	0.14%
ACN	C	0.25%	0.7%	0.25%
ADBE	D	0.13%	0.99%	0.13%
ADI	D	0.18%	0.54%	0.18%
ADM	D	0.26%	0.02%	0.02%
ADP	A	0.14%	0.05%	0.05%
AFL	B	0.22%	0.65%	0.22%
AIG	D	0.33%	0.54%	0.33%
ALLY	F	0.1%	0.4%	0.1%
AMAT	D	0.13%	0.75%	0.13%
AMGN	B	0.38%	0.67%	0.38%
AMZN	C	1.5%	2.2%	1.5%
AOS	D	0.02%	0.1%	0.02%
AVB	B	0.09%	0.58%	0.09%
AVGO	C	0.48%	1.67%	0.48%
AZO	C	0.07%	0.61%	0.07%
BAC	D	1.28%	1.38%	1.28%
BBY	B	0.16%	0.22%	0.16%
BK	A	0.25%	0.63%	0.25%
BKNG	B	0.08%	0.56%	0.08%
BMY	C	0.37%	0.41%	0.37%
BRK.A	C	2.53%	2.48%	2.48%
C	D	1.08%	1.18%	1.08%
CAH	B	0.29%	0.22%	0.22%
CAT	C	0.31%	0.88%	0.31%
CBRE	B	0.11%	0.59%	0.11%
CE	D	0.04%	0.13%	0.04%
CHKP	B	0.02%	0.53%	0.02%
CI	B	0.44%	0.89%	0.44%
CL	C	0.16%	0.41%	0.16%
CMCSA	D	0.73%	0.77%	0.73%
CMI	C	0.13%	0.27%	0.13%
CNC	C	0.28%	0.39%	0.28%
COF	D	0.34%	0.59%	0.34%
CRBG	D	0.06%	0.08%	0.06%
CRM	D	0.19%	0.03%	0.03%
CSCO	C	0.57%	1.15%	0.57%
CSL	C	0.03%	0.34%	0.03%
CTSH	B	0.1%	0.37%	0.1%
DASH	C	0.02%	0.2%	0.02%
DFS	C	0.16%	0.14%	0.14%
DHR	B	0.18%	0.05%	0.05%
DVA	A	0.04%	0.38%	0.04%
EA	C	0.04%	0.27%	0.04%
EBAY	A	0.09%	0.49%	0.09%
ED	B	0.18%	0.58%	0.18%
EIX	B	0.15%	0.24%	0.15%
ELV	B	0.4%	0.18%	0.18%
EME	A	0.03%	0.09%	0.03%
EMR	D	0.12%	0.02%	0.02%
EQR	B	0.09%	0.48%	0.09%
ESS	A	0.05%	0.56%	0.05%
ETR	A	0.13%	0.57%	0.13%
EVRG	A	0.08%	0.03%	0.03%
EXC	A	0.21%	0.4%	0.21%
EXPD	D	0.04%	0.42%	0.04%
EXPE	C	0.03%	0.04%	0.03%
FIS	A	0.15%	0.35%	0.15%
FITB	B	0.13%	0.25%	0.13%
FLEX	D	0.07%	0.06%	0.06%
FTNT	B	0.01%	0.43%	0.01%
GE	A	0.22%	0.95%	0.22%
GEHC	C	0.08%	0.08%	0.08%
GILD	B	0.34%	0.15%	0.15%
GIS	B	0.16%	0.43%	0.16%
GOOG	D	0.83%	2.76%	0.83%
GOOGL	D	0.97%	2.78%	0.97%
GS	D	0.68%	0.6%	0.6%
GWW	B	0.05%	0.54%	0.05%
HCA	A	0.19%	0.23%	0.19%
HD	B	0.69%	0.63%	0.63%
HOLX	B	0.04%	0.22%	0.04%
HOOD	C	0.02%	0.14%	0.02%
HST	D	0.04%	0.45%	0.04%
ICLR	F	0.04%	0.24%	0.04%
IDXX	C	0.01%	0.21%	0.01%
INTU	C	0.09%	1.04%	0.09%
IT	B	0.02%	0.19%	0.02%
ITW	B	0.12%	0.74%	0.12%
JBL	D	0.05%	0.23%	0.05%
JLL	B	0.06%	0.03%	0.03%
JNJ	B	1.06%	1.7%	1.06%
JPM	D	2.11%	1.99%	1.99%
KLAC	D	0.06%	0.82%	0.06%
KMB	C	0.16%	0.51%	0.16%
KR	B	0.3%	0.46%	0.3%
LAMR	A	0.03%	0.02%	0.02%
LDOS	B	0.06%	0.56%	0.06%
LEN	B	0.13%	0.1%	0.1%
LEN	B	0.01%	0.1%	0.01%
LLY	C	0.27%	1.5%	0.27%
LMT	B	0.39%	0.66%	0.39%
LOW	B	0.33%	0.44%	0.33%
LRCX	F	0.08%	0.83%	0.08%
LYB	F	0.17%	0.13%	0.13%
MAA	A	0.05%	0.02%	0.02%
MAS	B	0.03%	0.25%	0.03%
MCHP	D	0.06%	0.29%	0.06%
MCK	F	0.44%	0.7%	0.44%
MELI	B	0.02%	0.45%	0.02%
MET	B	0.28%	0.54%	0.28%
META	B	0.9%	2.33%	0.9%
MMM	A	0.44%	0.27%	0.27%
MO	C	0.54%	0.3%	0.3%
MPC	F	0.36%	0.62%	0.36%
MRK	D	0.51%	1.15%	0.51%
MS	D	0.46%	0.54%	0.46%
MSFT	C	1.88%	4.93%	1.88%
MTD	D	0.02%	0.41%	0.02%
NFLX	B	0.18%	0.62%	0.18%
NRG	C	0.1%	0.43%	0.1%
NTAP	D	0.06%	0.18%	0.06%
NUE	D	0.12%	0.4%	0.12%
NVDA	D	0.2%	5.29%	0.2%
NVR	B	0.05%	0.58%	0.05%
OMC	B	0.08%	0.42%	0.08%
ORCL	B	0.26%	0.93%	0.26%
OXY	F	0.14%	0.24%	0.14%
PAYX	B	0.07%	0.15%	0.07%
PCAR	D	0.12%	0.27%	0.12%
PEG	A	0.15%	0.59%	0.15%
PG	A	0.79%	1.4%	0.79%
PHM	B	0.08%	0.25%	0.08%
PM	B	0.69%	0.56%	0.56%
PPL	A	0.14%	0.57%	0.14%
PRU	C	0.23%	0.28%	0.23%
PSA	A	0.08%	0.53%	0.08%
PSX	F	0.31%	0.2%	0.2%
QCOM	D	0.33%	0.72%	0.33%
RCL	B	0.04%	0.3%	0.04%
REGN	C	0.16%	0.11%	0.11%
RMD	B	0.04%	0.43%	0.04%
ROP	B	0.07%	0.04%	0.04%
SMCI	F	0.01%	0.05%	0.01%
SO	A	0.39%	0.92%	0.39%
SPG	B	0.12%	0.62%	0.12%
STLD	F	0.06%	0.4%	0.06%
STT	B	0.15%	0.42%	0.15%
SYF	D	0.18%	0.45%	0.18%
SYK	B	0.12%	0.05%	0.05%
T	A	1.15%	0.76%	0.76%
TAP	C	0.05%	0.27%	0.05%
TGT	C	0.31%	0.07%	0.07%
THC	B	0.13%	0.16%	0.13%
TSLA	C	0.27%	0.56%	0.27%
TXT	D	0.05%	0.02%	0.02%
UPS	D	0.33%	0.38%	0.33%
UTHR	C	0.04%	0.14%	0.04%
VLO	F	0.35%	0.55%	0.35%
WAB	B	0.05%	0.25%	0.05%
WFC	F	1.08%	0.37%	0.37%
WSM	C	0.04%	0.14%	0.04%
WY	C	0.09%	0.44%	0.09%
ZM	C	0.02%	0.05%	0.02%

PRF Overweight 821 Positions Relative to QLC

Symbol	Grade	Weight
XOM	D	2.23%
VZ	A	1.27%
UNH	C	1.14%
WMT	B	1.12%
CVX	D	1.07%
PFE	C	0.89%
GM	C	0.7%
CVS	D	0.6%
KO	B	0.57%
COST	B	0.57%
PEP	B	0.55%
IBM	A	0.54%
RTX	C	0.51%
DUK	B	0.45%
COP	F	0.43%
NEE	B	0.43%
F	D	0.4%
MDT	B	0.39%
INTC	F	0.37%
TXN	D	0.36%
DIS	D	0.36%
USB	C	0.36%
TFC	D	0.35%
PNC	B	0.34%
CB	B	0.32%
FDX	C	0.32%
LIN	B	0.31%
MCD	B	0.29%
TMUS	A	0.29%
BLK	A	0.29%
MU	F	0.29%
HON	D	0.28%
D	B	0.28%
UNP	B	0.28%
AXP	B	0.27%
KMI	B	0.26%
PGR	B	0.26%
EOG	D	0.26%
TMO	B	0.26%
AEP	A	0.24%
V	A	0.24%
TRV	A	0.23%
DE	B	0.23%
MDLZ	B	0.22%
DOW	F	0.22%
CHTR	D	0.22%
ALL	A	0.21%
NEM	B	0.21%
HUM	F	0.2%
WMB	A	0.2%
SRE	B	0.19%
NOC	B	0.19%
AMT	B	0.19%
GD	B	0.19%
HPQ	D	0.19%
TJX	B	0.19%
HPE	F	0.18%
PLD	B	0.18%
PYPL	B	0.18%
SPGI	A	0.18%
TSN	C	0.17%
MA	A	0.17%
SBUX	C	0.17%
DD	B	0.17%
WELL	B	0.16%
JCI	B	0.16%
OKE	A	0.16%
AMD	D	0.16%
KHC	C	0.16%
MMC	A	0.15%
APD	B	0.15%
HIG	B	0.15%
CME	B	0.15%
CFG	C	0.15%
SYY	C	0.15%
SCHW	D	0.15%
ETN	C	0.15%
IP	B	0.14%
NSC	C	0.14%
NKE	D	0.14%
CCI	B	0.14%
BDX	D	0.14%
XEL	B	0.14%
CSX	D	0.14%
BA	F	0.14%
FCX	D	0.14%
DHI	B	0.14%
WBD	D	0.13%
ICE	B	0.13%
MTB	B	0.13%
SLB	F	0.13%
GLW	C	0.12%
BSX	B	0.12%
WBA	F	0.12%
VTR	B	0.12%
BIIB	F	0.12%
LHX	C	0.12%
PARA	F	0.12%
PCG	B	0.12%
FE	B	0.12%
BG	F	0.12%
ES	B	0.12%
WM	D	0.12%
BX	A	0.11%
WDC	D	0.11%
DTE	A	0.11%
CARR	A	0.11%
KDP	B	0.11%
CEG	C	0.11%
O	B	0.11%
RF	C	0.11%
DVN	F	0.11%
DLR	A	0.11%
WEC	B	0.11%
CTVA	B	0.1%
IFF	B	0.1%
BKR	D	0.1%
TEL	D	0.1%
PFG	C	0.1%
KEY	B	0.1%
HBAN	B	0.1%
KKR	B	0.1%
TROW	D	0.09%
NTRS	B	0.09%
VST	C	0.09%
ACGL	A	0.09%
IRM	A	0.09%
NXPI	F	0.09%
VRTX	C	0.09%
KMX	D	0.09%
VTRS	C	0.09%
TT	A	0.09%
AER	C	0.09%
SHW	A	0.09%
AEE	A	0.09%
PH	B	0.09%
EQIX	B	0.09%
ARW	C	0.09%
URI	C	0.09%
ZIM	C	0.09%
CINF	B	0.08%
CMS	A	0.08%
LUMN	C	0.08%
ECL	A	0.08%
MRNA	F	0.08%
ACI	D	0.08%
MKL	C	0.08%
VICI	B	0.08%
FANG	F	0.08%
USFD	A	0.08%
JXN	B	0.08%
AMP	B	0.08%
SWK	B	0.08%
TRGP	B	0.08%
K	A	0.08%
CAG	B	0.08%
GPN	C	0.07%
GPC	D	0.07%
RSG	B	0.07%
ROST	C	0.07%
MSI	B	0.07%
UNM	B	0.07%
GEV	B	0.07%
AES	C	0.07%
FNF	B	0.07%
HAL	F	0.07%
AON	B	0.07%
PFGC	B	0.07%
IQV	C	0.07%
DGX	B	0.07%
CTRA	F	0.07%
WTW	B	0.07%
STZ	C	0.07%
PPG	C	0.07%
ARE	B	0.07%
MRO	D	0.07%
CNP	C	0.07%
APH	D	0.07%
AJG	A	0.07%
STX	D	0.07%
FYBR	C	0.07%
ISRG	B	0.07%
TDG	B	0.07%
DOC	B	0.07%
CHRW	C	0.07%
PKG	B	0.06%
MOH	C	0.06%
WHR	D	0.06%
OTIS	C	0.06%
LNT	A	0.06%
CTAS	B	0.06%
CF	C	0.06%
SQ	D	0.06%
R	B	0.06%
JEF	B	0.06%
AA	D	0.06%
GRMN	D	0.06%
ORI	B	0.06%
ORLY	B	0.06%
NI	A	0.06%
UHS	B	0.06%
PNW	A	0.06%
DG	F	0.06%
LNG	C	0.06%
BXP	A	0.06%
RGA	B	0.06%
BAX	C	0.06%
MCO	B	0.06%
LNC	D	0.06%
ZTS	B	0.06%
MHK	B	0.06%
VFC	C	0.06%
MOS	F	0.06%
AWK	A	0.06%
L	C	0.06%
EMN	A	0.06%
SWN	D	0.05%
HAS	B	0.05%
DRI	C	0.05%
ROK	D	0.05%
BERY	B	0.05%
LKQ	D	0.05%
DXC	C	0.05%
CCEP	B	0.05%
KSS	F	0.05%
APA	F	0.05%
BAP	B	0.05%
CMA	B	0.05%
LAD	C	0.05%
BJ	D	0.05%
KD	D	0.05%
TSCO	B	0.05%
LEA	F	0.05%
MAR	D	0.05%
TOL	B	0.05%
PWR	C	0.05%
OMF	D	0.05%
CLX	B	0.05%
VNO	A	0.05%
MKC	B	0.05%
UBER	C	0.05%
CDW	D	0.05%
DOV	B	0.05%
KIM	B	0.05%
OGN	C	0.05%
IPG	C	0.05%
FOXA	C	0.05%
EQH	C	0.05%
FAST	C	0.05%
ZBH	D	0.05%
BWA	F	0.05%
BALL	C	0.05%
UGI	B	0.05%
RJF	C	0.05%
CCL	C	0.05%
HSY	B	0.05%
HES	F	0.05%
EG	B	0.05%
MPW	B	0.05%
CNH	C	0.05%
SJM	C	0.05%
M	D	0.05%
INVH	B	0.05%
MRVL	C	0.05%
APTV	F	0.05%
AN	D	0.05%
IVZ	C	0.05%
YUM	B	0.05%
AFG	B	0.05%
SOLV	C	0.05%
BLDR	C	0.05%
ATO	A	0.05%
EQT	D	0.05%
NWL	C	0.04%
EL	F	0.04%
MTZ	B	0.04%
HII	D	0.04%
AVY	B	0.04%
EWBC	D	0.04%
HSIC	D	0.04%
ABG	F	0.04%
HRL	C	0.04%
AVT	D	0.04%
INGR	B	0.04%
EFX	B	0.04%
CHD	B	0.04%
SNA	B	0.04%
SLG	B	0.04%
SFM	B	0.04%
CASY	C	0.04%
TMHC	B	0.04%
AR	D	0.04%
TDY	B	0.04%
SSNC	A	0.04%
MLM	D	0.04%
TTWO	D	0.04%
VMC	D	0.04%
FMC	C	0.04%
ZION	D	0.04%
UDR	B	0.04%
DKS	D	0.04%
CPT	B	0.04%
HBI	B	0.04%
DLTR	F	0.04%
AIZ	C	0.04%
REG	B	0.04%
HWM	B	0.04%
STWD	B	0.04%
GPI	B	0.04%
CPB	B	0.04%
WRB	C	0.04%
PBF	F	0.04%
AME	D	0.04%
X	D	0.04%
SUI	B	0.04%
OVV	F	0.04%
CHK	D	0.04%
SNX	D	0.04%
AVTR	B	0.04%
MGM	D	0.04%
CCK	A	0.04%
OGE	B	0.04%
WPC	B	0.04%
A	C	0.04%
EXR	A	0.04%
DINO	F	0.04%
J	D	0.04%
FAF	A	0.04%
ON	D	0.04%
OC	C	0.04%
WCC	D	0.04%
TDS	B	0.04%
FHN	C	0.04%
SWKS	F	0.04%
ACM	B	0.04%
RS	D	0.04%
ODFL	D	0.03%
CSGP	D	0.03%
VLTO	B	0.03%
FL	D	0.03%
TPH	C	0.03%
OSK	D	0.03%
TER	D	0.03%
FOX	C	0.03%
AMH	B	0.03%
CNO	B	0.03%
PK	F	0.03%
COHR	C	0.03%
POR	A	0.03%
SCI	A	0.03%
GL	C	0.03%
SON	C	0.03%
RIG	F	0.03%
NXST	D	0.03%
DOX	C	0.03%
FRT	B	0.03%
SANM	D	0.03%
SKX	C	0.03%
DAR	F	0.03%
AL	D	0.03%
BRO	B	0.03%
JBHT	D	0.03%
OLN	D	0.03%
SF	B	0.03%
VRSK	D	0.03%
AGCO	D	0.03%
FNB	D	0.03%
RRX	C	0.03%
TPR	C	0.03%
HUBB	B	0.03%
AKAM	D	0.03%
ALV	F	0.03%
AGNC	A	0.03%
HUN	D	0.03%
JHG	B	0.03%
DTM	B	0.03%
FLR	D	0.03%
PB	B	0.03%
HRB	C	0.03%
ALB	D	0.03%
GAP	F	0.03%
CPNG	B	0.03%
CPRT	F	0.03%
WSO	C	0.03%
SNPS	D	0.03%
ELAN	D	0.03%
NWSA	D	0.03%
CLF	F	0.03%
QRVO	F	0.03%
WTRG	D	0.03%
BAH	B	0.03%
MNST	C	0.03%
WBS	D	0.03%
CTLT	B	0.03%
LVS	D	0.03%
COOP	B	0.03%
AXS	B	0.03%
THO	C	0.03%
ANET	C	0.03%
TRU	A	0.03%
CMG	C	0.03%
HLT	B	0.03%
KEYS	C	0.03%
VOYA	A	0.03%
RPM	B	0.03%
WAL	B	0.03%
BRX	B	0.03%
JWN	C	0.03%
IR	D	0.03%
TWLO	D	0.03%
XYL	D	0.03%
CZR	D	0.03%
DAL	C	0.03%
NOW	B	0.03%
FCNCA	D	0.03%
PENN	D	0.03%
UAL	C	0.03%
MAN	D	0.03%
CPAY	C	0.03%
ARMK	B	0.03%
BPOP	C	0.03%
STE	B	0.03%
KNX	C	0.03%
SNV	C	0.03%
OHI	B	0.03%
EW	D	0.03%
BR	B	0.03%
ZBRA	C	0.03%
APO	C	0.03%
FTV	C	0.03%
CACI	B	0.03%
GLPI	B	0.03%
BURL	B	0.03%
GPK	A	0.03%
GT	F	0.03%
WU	F	0.03%
FSLR	D	0.03%
MTH	B	0.03%
JNPR	B	0.03%
NDAQ	B	0.03%
BEN	D	0.03%
MUSA	B	0.03%
NOMD	B	0.02%
OUT	B	0.02%
IRT	A	0.02%
VMI	D	0.02%
PLXS	B	0.02%
AYI	B	0.02%
ESGR	D	0.02%
GATX	C	0.02%
WDAY	D	0.02%
THS	C	0.02%
LEG	D	0.02%
LYV	C	0.02%
RXO	D	0.02%
FCN	C	0.02%
CIVI	F	0.02%
WLK	D	0.02%
NVST	D	0.02%
COIN	F	0.02%
CSTM	D	0.02%
MMS	D	0.02%
VSCO	C	0.02%
SMG	C	0.02%
RL	B	0.02%
COLB	C	0.02%
EXEL	A	0.02%
BTU	D	0.02%
GEO	D	0.02%
BCO	B	0.02%
STAG	B	0.02%
ABCB	B	0.02%
UMBF	B	0.02%
ASGN	D	0.02%
MTN	D	0.02%
POOL	C	0.02%
PCH	C	0.02%
BMRN	F	0.02%
BLD	D	0.02%
FULT	D	0.02%
IAC	C	0.02%
JKHY	A	0.02%
DECK	C	0.02%
HUBG	C	0.02%
TTC	D	0.02%
NDSN	C	0.02%
ALGN	D	0.02%
TKR	D	0.02%
TCBI	B	0.02%
CPRI	D	0.02%
CW	B	0.02%
CBT	B	0.02%
AGO	C	0.02%
TRN	C	0.02%
WAT	C	0.02%
LULU	D	0.02%
ITT	C	0.02%
FHB	C	0.02%
ALLE	A	0.02%
CHRD	F	0.02%
NVT	D	0.02%
KRG	B	0.02%
CRL	D	0.02%
LSTR	D	0.02%
HOMB	C	0.02%
ACHC	C	0.02%
NJR	A	0.02%
OI	D	0.02%
DPZ	D	0.02%
CC	F	0.02%
SLGN	B	0.02%
DCI	D	0.02%
MKSI	F	0.02%
XPO	D	0.02%
LUV	C	0.02%
SLVM	B	0.02%
DY	C	0.02%
XRX	F	0.02%
DK	F	0.02%
ADC	B	0.02%
ADSK	B	0.02%
ALE	B	0.02%
TNL	F	0.02%
TYL	B	0.02%
GDDY	D	0.02%
AVA	B	0.02%
PNM	B	0.02%
CR	C	0.02%
PRI	B	0.02%
AVNT	B	0.02%
EPR	B	0.02%
NWE	A	0.02%
SRCL	A	0.02%
GBCI	C	0.02%
ADNT	F	0.02%
FLS	D	0.02%
G	B	0.02%
PAG	D	0.02%
REXR	C	0.02%
ATR	A	0.02%
FLO	C	0.02%
AGR	B	0.02%
PHIN	C	0.02%
JAZZ	D	0.02%
INCY	C	0.02%
GME	F	0.02%
NAVI	C	0.02%
MLI	B	0.02%
LBRDK	D	0.02%
LII	A	0.02%
RHI	D	0.02%
SEM	D	0.02%
KMPR	D	0.02%
CDNS	D	0.02%
CIEN	C	0.02%
HE	D	0.02%
FFIV	A	0.02%
HLF	F	0.02%
BC	D	0.02%
MIDD	D	0.02%
SM	F	0.02%
SCCO	D	0.02%
LNW	B	0.02%
ESNT	B	0.02%
OGS	A	0.02%
RPRX	C	0.02%
SLM	D	0.02%
SR	A	0.02%
OZK	D	0.02%
UFPI	C	0.02%
ASB	D	0.02%
MAC	B	0.02%
CBSH	B	0.02%
MHO	B	0.02%
CAR	F	0.02%
TFX	B	0.02%
BKU	C	0.02%
SEE	D	0.02%
UHAL	B	0.02%
TGNA	C	0.02%
SAIC	B	0.02%
IEX	D	0.02%
EVR	B	0.02%
CADE	C	0.02%
KEX	C	0.02%
MAT	C	0.02%
DEI	A	0.02%
HWC	D	0.02%
ST	F	0.02%
LPX	B	0.02%
AMG	C	0.02%
CFR	C	0.02%
IDA	B	0.02%
KBR	D	0.02%
BCC	C	0.02%
RIVN	F	0.02%
ELS	B	0.02%
ALSN	B	0.02%
PVH	D	0.02%
ANSS	D	0.02%
MSCI	C	0.02%
CNX	B	0.02%
THG	A	0.02%
CWK	B	0.02%
SBRA	A	0.02%
UBSI	C	0.02%
ILMN	C	0.02%
NOV	F	0.02%
WTFC	C	0.02%
RNR	B	0.02%
BXMT	C	0.02%
TRMB	C	0.02%
PII	D	0.02%
ONB	C	0.02%
CBOE	B	0.02%
GNRC	D	0.02%
SBAC	B	0.02%
LPLA	F	0.02%
EHC	B	0.02%
FTI	D	0.02%
SSB	B	0.02%
AAP	F	0.02%
COLD	D	0.02%
NSIT	C	0.02%
CG	D	0.02%
CMC	D	0.02%
BKH	A	0.02%
VLY	C	0.02%
GXO	D	0.02%
CUBE	A	0.02%
RUN	C	0.02%
MTG	B	0.02%
LSXMK	D	0.02%
CLH	B	0.02%
POST	C	0.02%
PNFP	B	0.02%
BBWI	F	0.02%
ULTA	D	0.02%
HIW	A	0.02%
CUZ	B	0.02%
BHF	F	0.02%
AXTA	C	0.02%
SPOT	C	0.02%
BIO	C	0.02%
SWX	C	0.02%
PRGO	C	0.02%
RDN	C	0.02%
HOG	C	0.02%
KRC	C	0.02%
ABM	D	0.02%
MUR	F	0.02%
MDU	B	0.02%
GNW	B	0.02%
NFG	A	0.02%
KBH	B	0.02%
PNR	A	0.02%
NNN	B	0.02%
BECN	D	0.02%
ZG	B	0.01%
PARR	F	0.01%
HEI	A	0.01%
NUS	F	0.01%
AMR	F	0.01%
SNOW	F	0.01%
DXCM	F	0.01%
CBRL	F	0.01%
GTN	F	0.01%
ARCB	D	0.01%
UAA	C	0.01%
WSC	D	0.01%
OPEN	D	0.01%
XP	D	0.01%
UA	C	0.01%
HEI	A	0.01%
BXC	D	0.01%
JELD	D	0.01%
HTZ	F	0.01%
NWS	D	0.01%
CLVT	D	0.01%
ODP	F	0.01%
LGIH	C	0.01%
ATKR	F	0.01%
STNE	F	0.01%
RLJ	F	0.01%
VSTS	D	0.01%
IGT	D	0.01%
BGS	D	0.01%
CRC	C	0.01%
GTLS	F	0.01%
SAIA	D	0.01%
DIOD	F	0.01%
CABO	F	0.01%
SITE	D	0.01%
URBN	D	0.01%
OPCH	C	0.01%
DRH	C	0.01%
TROX	F	0.01%
BYD	C	0.01%
APAM	C	0.01%
MLKN	D	0.01%
UNIT	C	0.01%
ENOV	F	0.01%
CNXC	D	0.01%
AXL	F	0.01%
NSP	F	0.01%
EGP	B	0.01%
CRI	C	0.01%
CGNX	D	0.01%
AMKR	D	0.01%
LECO	D	0.01%
PINC	C	0.01%
WH	B	0.01%
KMT	B	0.01%
CXW	D	0.01%
PDCO	D	0.01%
ARCH	D	0.01%
UVV	D	0.01%
HPP	F	0.01%
PTC	D	0.01%
RRC	D	0.01%
TEX	D	0.01%
GEF	D	0.01%
AMN	F	0.01%
ESAB	C	0.01%
EPAM	D	0.01%
HRI	D	0.01%
TPX	C	0.01%
W	D	0.01%
ABR	C	0.01%
PMT	C	0.01%
ARI	F	0.01%
BWXT	D	0.01%
RH	C	0.01%
KNF	B	0.01%
AIT	C	0.01%
RYN	C	0.01%
PPBI	D	0.01%
SEIC	C	0.01%
ANDE	D	0.01%
TTMI	D	0.01%
Z	B	0.01%
EEFT	F	0.01%
UCBI	B	0.01%
PECO	B	0.01%
MTDR	F	0.01%
LFUS	D	0.01%
OKTA	F	0.01%
CCS	B	0.01%
ESI	D	0.01%
VNT	D	0.01%
SBH	C	0.01%
WEX	C	0.01%
RLI	B	0.01%
LXP	B	0.01%
BOKF	B	0.01%
VRT	C	0.01%
FIBK	C	0.01%
ENTG	D	0.01%
SPB	B	0.01%
ASO	C	0.01%
FND	C	0.01%
WYNN	D	0.01%
AAL	D	0.01%
VSAT	F	0.01%
SIGI	C	0.01%
INDB	C	0.01%
VSH	F	0.01%
LW	D	0.01%
OMI	D	0.01%
CNM	F	0.01%
ALIT	D	0.01%
PFSI	B	0.01%
AUB	C	0.01%
GRAB	C	0.01%
ARES	C	0.01%
ASH	D	0.01%
FUL	D	0.01%
MC	B	0.01%
FR	B	0.01%
SOFI	C	0.01%
FFBC	C	0.01%
AM	B	0.01%
LCII	C	0.01%
WERN	D	0.01%
ENS	D	0.01%
GHC	C	0.01%
CATY	C	0.01%
WST	F	0.01%
JBGS	B	0.01%
LITE	C	0.01%
AEO	F	0.01%
VAC	F	0.01%
FDS	C	0.01%
RUSHA	C	0.01%
SIG	C	0.01%
XRAY	D	0.01%
REZI	D	0.01%
BDN	B	0.01%
HCC	D	0.01%
GNTX	F	0.01%
APG	D	0.01%
ATI	D	0.01%
DAN	F	0.01%
TXRH	D	0.01%
WWD	D	0.01%
SFNC	B	0.01%
MSM	D	0.01%
GMS	C	0.01%
HP	F	0.01%
APLE	D	0.01%
UNFI	C	0.01%
GGG	C	0.01%
MTCH	C	0.01%
VEEV	C	0.01%
RGLD	B	0.01%
BIG	F	0.0%
UHAL	B	0.0%
SEDG	F	0.0%
LBRDA	D	0.0%
FIVE	D	0.0%
HELE	D	0.0%

PRF Underweight 5 Positions Relative to QLC

Symbol	Grade	Weight
FICO	A	-0.57%
DELL	D	-0.28%
APP	B	-0.17%
MANH	A	-0.11%
MEDP	D	-0.02%