PRF vs. VCSH ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Vanguard Short-Term Corporate Bond ETF (VCSH)

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

$40.23

Average Daily Volume

282,290

Number of Holdings ^*

984

* may have additional holdings in another (foreign) market

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.08

Average Daily Volume

3,261,302

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

Performance

Period	PRF	VCSH
30 Days	1.17%	0.80%
60 Days	5.42%	1.41%
90 Days	6.14%	3.13%
12 Months	30.92%	9.91%

395 Overlapping Holdings

Symbol	Grade	Weight in PRF	Weight in VCSH	Overlap
A	B	0.04%	0.02%	0.02%
AAPL	C	2.41%	0.03%	0.03%
ABBV	B	0.68%	0.02%	0.02%
ABT	C	0.32%	0.02%	0.02%
ADBE	F	0.11%	0.03%	0.03%
ADI	C	0.19%	0.02%	0.02%
ADM	F	0.25%	0.05%	0.05%
ADP	A	0.13%	0.05%	0.05%
ADSK	C	0.02%	0.01%	0.01%
AEE	A	0.09%	0.01%	0.01%
AEP	C	0.23%	0.01%	0.01%
AER	D	0.09%	0.03%	0.03%
AES	C	0.08%	0.02%	0.02%
AFG	B	0.05%	0.02%	0.02%
AFL	A	0.21%	0.02%	0.02%
AGR	B	0.02%	0.03%	0.02%
AIG	F	0.3%	0.06%	0.06%
AIZ	B	0.04%	0.02%	0.02%
AL	D	0.03%	0.02%	0.02%
ALB	D	0.03%	0.02%	0.02%
ALL	C	0.2%	0.01%	0.01%
ALLE	A	0.02%	0.02%	0.02%
ALLY	F	0.08%	0.01%	0.01%
AMAT	B	0.14%	0.03%	0.03%
AMD	B	0.18%	0.01%	0.01%
AMG	B	0.02%	0.01%	0.01%
AMGN	D	0.36%	0.01%	0.01%
AMP	A	0.09%	0.01%	0.01%
AMT	C	0.18%	0.01%	0.01%
AMZN	C	1.57%	0.04%	0.04%
AN	D	0.06%	0.02%	0.02%
AON	B	0.07%	0.01%	0.01%
APD	C	0.16%	0.01%	0.01%
APH	D	0.08%	0.02%	0.02%
APTV	D	0.05%	0.03%	0.03%
ARE	D	0.07%	0.01%	0.01%
ARW	C	0.09%	0.01%	0.01%
ATO	A	0.06%	0.03%	0.03%
AVB	C	0.08%	0.01%	0.01%
AVGO	C	0.52%	0.01%	0.01%
AVT	C	0.04%	0.01%	0.01%
AWK	C	0.06%	0.01%	0.01%
AXP	B	0.28%	0.03%	0.03%
AZO	D	0.07%	0.01%	0.01%
BA	F	0.13%	0.01%	0.01%
BAC	D	1.22%	0.01%	0.01%
BAX	D	0.06%	0.03%	0.03%
BC	D	0.02%	0.02%	0.02%
BDN	A	0.01%	0.01%	0.01%
BDX	C	0.14%	0.02%	0.02%
BEN	F	0.03%	0.02%	0.02%
BERY	C	0.04%	0.03%	0.03%
BG	F	0.11%	0.03%	0.03%
BIIB	F	0.11%	0.08%	0.08%
BK	C	0.26%	0.01%	0.01%
BKH	C	0.02%	0.02%	0.02%
BKNG	C	0.09%	0.02%	0.02%
BKU	D	0.02%	0.02%	0.02%
BLK	A	0.31%	0.05%	0.05%
BMY	B	0.38%	0.02%	0.02%
BR	B	0.03%	0.02%	0.02%
BRO	A	0.03%	0.02%	0.02%
BRX	C	0.03%	0.02%	0.02%
BSX	A	0.12%	0.01%	0.01%
BWA	C	0.05%	0.02%	0.02%
BXP	C	0.06%	0.03%	0.03%
C	C	1.08%	0.02%	0.02%
CAG	D	0.08%	0.01%	0.01%
CAH	B	0.27%	0.02%	0.02%
CARR	B	0.12%	0.09%	0.09%
CAT	A	0.35%	0.02%	0.02%
CB	B	0.31%	0.03%	0.03%
CCI	C	0.14%	0.02%	0.02%
CDNS	D	0.02%	0.02%	0.02%
CE	C	0.04%	0.02%	0.02%
CF	A	0.06%	0.02%	0.02%
CFG	D	0.14%	0.01%	0.01%
CHD	D	0.04%	0.01%	0.01%
CHTR	D	0.21%	0.07%	0.07%
CI	D	0.4%	0.01%	0.01%
CL	D	0.15%	0.01%	0.01%
CLX	C	0.05%	0.01%	0.01%
CMA	C	0.05%	0.01%	0.01%
CMCSA	C	0.77%	0.03%	0.03%
CME	A	0.15%	0.03%	0.03%
CMI	A	0.14%	0.02%	0.02%
CMS	A	0.08%	0.01%	0.01%
CNH	D	0.06%	0.02%	0.02%
CNO	C	0.03%	0.03%	0.03%
CNP	B	0.07%	0.01%	0.01%
COF	C	0.35%	0.01%	0.01%
COP	D	0.4%	0.01%	0.01%
COST	C	0.55%	0.06%	0.06%
CPB	D	0.04%	0.02%	0.02%
CPT	C	0.04%	0.02%	0.02%
CRM	B	0.21%	0.05%	0.05%
CSCO	A	0.6%	0.02%	0.02%
CSL	A	0.03%	0.01%	0.01%
CSX	D	0.14%	0.02%	0.02%
CTVA	A	0.1%	0.02%	0.02%
CUBE	C	0.02%	0.01%	0.01%
CVS	C	0.62%	0.02%	0.02%
CVX	B	1.08%	0.02%	0.02%
D	A	0.28%	0.01%	0.01%
DAL	C	0.04%	0.01%	0.01%
DD	C	0.18%	0.08%	0.08%
DE	B	0.24%	0.01%	0.01%
DFS	C	0.16%	0.01%	0.01%
DG	F	0.06%	0.01%	0.01%
DGX	C	0.07%	0.02%	0.02%
DHI	C	0.14%	0.01%	0.01%
DHR	D	0.19%	0.02%	0.02%
DIS	D	0.38%	0.03%	0.03%
DLR	C	0.12%	0.03%	0.03%
DLTR	F	0.04%	0.05%	0.04%
DOC	C	0.08%	0.02%	0.02%
DOV	B	0.05%	0.02%	0.02%
DOW	B	0.23%	0.01%	0.01%
DTE	A	0.11%	0.01%	0.01%
DUK	B	0.43%	0.01%	0.01%
DVN	F	0.1%	0.02%	0.02%
DXC	B	0.04%	0.03%	0.03%
EA	D	0.04%	0.02%	0.02%
EBAY	A	0.1%	0.03%	0.03%
ED	A	0.17%	0.01%	0.01%
EFX	C	0.03%	0.02%	0.02%
EIX	B	0.15%	0.01%	0.01%
EL	D	0.04%	0.03%	0.03%
EMN	C	0.07%	0.03%	0.03%
EMR	B	0.13%	0.01%	0.01%
EOG	B	0.25%	0.02%	0.02%
EPR	C	0.02%	0.01%	0.01%
EQH	C	0.05%	0.02%	0.02%
EQIX	C	0.1%	0.02%	0.02%
EQR	C	0.09%	0.02%	0.02%
ES	D	0.12%	0.01%	0.01%
ESS	D	0.05%	0.01%	0.01%
ETN	C	0.17%	0.07%	0.07%
ETR	A	0.14%	0.01%	0.01%
EVRG	C	0.08%	0.01%	0.01%
EXC	A	0.22%	0.01%	0.01%
EXPE	B	0.03%	0.02%	0.02%
FAF	C	0.04%	0.01%	0.01%
FANG	C	0.07%	0.02%	0.02%
FDX	F	0.3%	0.03%	0.03%
FE	C	0.11%	0.01%	0.01%
FHN	D	0.04%	0.01%	0.01%
FIS	B	0.15%	0.03%	0.03%
FITB	C	0.13%	0.03%	0.03%
FLEX	C	0.07%	0.02%	0.02%
FLS	B	0.02%	0.01%	0.01%
FMC	C	0.04%	0.01%	0.01%
FNB	D	0.03%	0.01%	0.01%
FOXA	A	0.05%	0.04%	0.04%
FRT	D	0.03%	0.02%	0.02%
FTNT	B	0.01%	0.02%	0.01%
FTV	C	0.03%	0.04%	0.03%
G	A	0.02%	0.01%	0.01%
GD	C	0.19%	0.02%	0.02%
GE	C	0.25%	0.01%	0.01%
GILD	A	0.35%	0.04%	0.04%
GIS	C	0.15%	0.03%	0.03%
GLPI	A	0.03%	0.03%	0.03%
GM	D	0.63%	0.02%	0.02%
GOOGL	B	1.0%	0.04%	0.04%
GPN	F	0.06%	0.03%	0.03%
GS	D	0.67%	0.01%	0.01%
GWW	B	0.05%	0.02%	0.02%
GXO	D	0.02%	0.02%	0.02%
HAL	D	0.07%	0.03%	0.03%
HAS	B	0.05%	0.03%	0.03%
HBAN	D	0.1%	0.01%	0.01%
HCA	C	0.19%	0.06%	0.06%
HD	A	0.74%	0.01%	0.01%
HES	C	0.05%	0.01%	0.01%
HII	F	0.03%	0.01%	0.01%
HIW	C	0.02%	0.01%	0.01%
HOG	D	0.02%	0.02%	0.02%
HON	C	0.27%	0.01%	0.01%
HP	D	0.01%	0.02%	0.01%
HPE	B	0.19%	0.03%	0.03%
HPQ	B	0.19%	0.05%	0.05%
HRB	C	0.03%	0.02%	0.02%
HRL	F	0.04%	0.03%	0.03%
HST	D	0.04%	0.02%	0.02%
HSY	F	0.05%	0.01%	0.01%
HUBB	B	0.03%	0.01%	0.01%
HUM	F	0.16%	0.02%	0.02%
IBM	A	0.57%	0.02%	0.02%
ICE	A	0.13%	0.02%	0.02%
IFF	C	0.1%	0.01%	0.01%
ILMN	B	0.02%	0.02%	0.02%
INTC	D	0.43%	0.03%	0.03%
INTU	F	0.08%	0.02%	0.02%
IP	C	0.14%	0.02%	0.02%
IPG	D	0.05%	0.01%	0.01%
ITW	B	0.12%	0.04%	0.04%
IVZ	B	0.06%	0.02%	0.02%
JBHT	D	0.03%	0.03%	0.03%
JBL	C	0.05%	0.01%	0.01%
JCI	C	0.17%	0.02%	0.02%
JEF	A	0.06%	0.03%	0.03%
JHG	B	0.03%	0.01%	0.01%
JNJ	D	1.0%	0.02%	0.02%
JNPR	B	0.03%	0.03%	0.03%
JPM	D	1.97%	0.01%	0.01%
K	A	0.08%	0.02%	0.02%
KDP	C	0.11%	0.02%	0.02%
KEY	C	0.1%	0.01%	0.01%
KEYS	C	0.03%	0.02%	0.02%
KIM	C	0.05%	0.01%	0.01%
KLAC	B	0.06%	0.06%	0.06%
KMB	D	0.15%	0.01%	0.01%
KMI	A	0.26%	0.02%	0.02%
KMPR	D	0.02%	0.02%	0.02%
KO	C	0.55%	0.06%	0.06%
KR	C	0.31%	0.02%	0.02%
KRC	C	0.03%	0.01%	0.01%
KSS	D	0.05%	0.01%	0.01%
L	D	0.06%	0.02%	0.02%
LDOS	A	0.06%	0.02%	0.02%
LEG	D	0.02%	0.01%	0.01%
LEN	B	0.14%	0.01%	0.01%
LEN	B	0.01%	0.01%	0.01%
LHX	A	0.12%	0.02%	0.02%
LII	C	0.02%	0.01%	0.01%
LIN	B	0.3%	0.02%	0.02%
LLY	D	0.25%	0.02%	0.02%
LMT	A	0.38%	0.05%	0.05%
LNC	D	0.06%	0.01%	0.01%
LNT	A	0.06%	0.02%	0.02%
LOW	A	0.35%	0.01%	0.01%
LRCX	D	0.08%	0.02%	0.02%
LUV	B	0.02%	0.01%	0.01%
LVS	B	0.04%	0.02%	0.02%
LYB	F	0.17%	0.02%	0.02%
MA	A	0.17%	0.04%	0.04%
MAA	D	0.05%	0.01%	0.01%
MAR	B	0.05%	0.01%	0.01%
MCD	A	0.3%	0.01%	0.01%
MCHP	F	0.06%	0.01%	0.01%
MCK	F	0.37%	0.01%	0.01%
MCO	D	0.06%	0.02%	0.02%
MDLZ	D	0.21%	0.01%	0.01%
MDT	C	0.37%	0.08%	0.08%
MET	B	0.29%	0.02%	0.02%
MHK	B	0.07%	0.03%	0.03%
MKC	C	0.05%	0.02%	0.02%
MLM	F	0.04%	0.01%	0.01%
MMC	D	0.14%	0.01%	0.01%
MMM	C	0.44%	0.01%	0.01%
MO	D	0.49%	0.01%	0.01%
MOS	F	0.06%	0.03%	0.03%
MPC	C	0.33%	0.03%	0.03%
MRK	F	0.48%	0.04%	0.04%
MRVL	B	0.05%	0.02%	0.02%
MS	B	0.47%	0.03%	0.03%
MSFT	D	1.92%	0.04%	0.04%
MSI	A	0.07%	0.03%	0.03%
MTB	C	0.14%	0.02%	0.02%
MU	D	0.33%	0.03%	0.03%
NDAQ	B	0.03%	0.01%	0.01%
NEE	A	0.44%	0.01%	0.01%
NEM	C	0.21%	0.01%	0.01%
NFG	A	0.02%	0.01%	0.01%
NI	A	0.06%	0.05%	0.05%
NKE	D	0.15%	0.02%	0.02%
NNN	A	0.02%	0.02%	0.02%
NOC	B	0.18%	0.05%	0.05%
NSC	D	0.13%	0.01%	0.01%
NTAP	D	0.06%	0.02%	0.02%
NTRS	C	0.08%	0.04%	0.04%
NUE	C	0.12%	0.03%	0.03%
NVDA	B	0.22%	0.02%	0.02%
NVT	D	0.02%	0.01%	0.01%
NXPI	F	0.09%	0.02%	0.02%
O	A	0.11%	0.01%	0.01%
OC	C	0.05%	0.01%	0.01%
OGS	C	0.02%	0.01%	0.01%
OHI	C	0.03%	0.02%	0.02%
OKE	A	0.15%	0.02%	0.02%
OMC	C	0.08%	0.06%	0.06%
ORCL	C	0.3%	0.05%	0.05%
ORI	B	0.06%	0.02%	0.02%
ORLY	A	0.06%	0.01%	0.01%
OTIS	A	0.06%	0.07%	0.06%
PCAR	C	0.13%	0.01%	0.01%
PCG	C	0.11%	0.01%	0.01%
PEG	A	0.16%	0.01%	0.01%
PEP	F	0.51%	0.02%	0.02%
PFE	D	0.88%	0.03%	0.03%
PFG	C	0.1%	0.01%	0.01%
PG	D	0.75%	0.01%	0.01%
PH	B	0.1%	0.02%	0.02%
PHM	A	0.08%	0.03%	0.03%
PKG	B	0.06%	0.01%	0.01%
PM	D	0.64%	0.02%	0.02%
PNC	C	0.33%	0.02%	0.02%
PNW	B	0.06%	0.01%	0.01%
PPG	D	0.07%	0.01%	0.01%
PPL	B	0.14%	0.01%	0.01%
PRU	C	0.23%	0.03%	0.03%
PSA	C	0.08%	0.02%	0.02%
PSX	D	0.3%	0.01%	0.01%
PVH	F	0.02%	0.03%	0.02%
PYPL	C	0.19%	0.03%	0.03%
QCOM	C	0.33%	0.04%	0.04%
R	C	0.06%	0.01%	0.01%
RF	C	0.11%	0.04%	0.04%
RGA	C	0.06%	0.01%	0.01%
RL	B	0.02%	0.02%	0.02%
RNR	A	0.02%	0.01%	0.01%
ROK	C	0.05%	0.01%	0.01%
ROP	C	0.06%	0.01%	0.01%
ROST	D	0.06%	0.02%	0.02%
RPM	B	0.03%	0.01%	0.01%
RPRX	D	0.02%	0.04%	0.02%
RS	D	0.05%	0.01%	0.01%
RSG	C	0.06%	0.01%	0.01%
RTX	A	0.49%	0.02%	0.02%
SBRA	C	0.02%	0.02%	0.02%
SBUX	C	0.18%	0.02%	0.02%
SCCO	B	0.02%	0.01%	0.01%
SCHW	D	0.15%	0.01%	0.01%
SF	A	0.03%	0.02%	0.02%
SHW	C	0.09%	0.02%	0.02%
SLB	D	0.13%	0.02%	0.02%
SLG	C	0.04%	0.01%	0.01%
SNV	D	0.03%	0.01%	0.01%
SNX	D	0.04%	0.03%	0.03%
SO	A	0.39%	0.01%	0.01%
SPG	A	0.12%	0.02%	0.02%
SPGI	B	0.18%	0.03%	0.03%
SRE	B	0.18%	0.01%	0.01%
STLD	B	0.07%	0.02%	0.02%
STT	C	0.15%	0.03%	0.03%
STZ	D	0.07%	0.02%	0.02%
SWK	C	0.09%	0.03%	0.03%
SWKS	F	0.04%	0.03%	0.03%
SYF	B	0.18%	0.03%	0.03%
SYK	C	0.12%	0.01%	0.01%
SYY	D	0.15%	0.03%	0.03%
T	A	1.19%	0.01%	0.01%
TAP	D	0.05%	0.1%	0.05%
TDY	A	0.04%	0.02%	0.02%
TFC	D	0.34%	0.01%	0.01%
TGT	D	0.3%	0.05%	0.05%
THG	C	0.02%	0.02%	0.02%
TJX	D	0.19%	0.04%	0.04%
TKR	D	0.02%	0.01%	0.01%
TMO	D	0.26%	0.01%	0.01%
TMUS	A	0.29%	0.04%	0.04%
TRMB	B	0.02%	0.01%	0.01%
TSN	D	0.15%	0.01%	0.01%
TT	A	0.1%	0.02%	0.02%
TXN	C	0.35%	0.01%	0.01%
TXT	F	0.05%	0.01%	0.01%
UAL	B	0.04%	0.01%	0.01%
UDR	C	0.04%	0.01%	0.01%
UHS	D	0.06%	0.01%	0.01%
UNH	B	1.07%	0.01%	0.01%
UNM	A	0.07%	0.02%	0.02%
UNP	D	0.27%	0.01%	0.01%
UPS	D	0.34%	0.02%	0.02%
USB	D	0.35%	0.02%	0.02%
V	C	0.23%	0.13%	0.13%
VFC	B	0.07%	0.04%	0.04%
VLO	D	0.33%	0.03%	0.03%
VLY	C	0.02%	0.01%	0.01%
VMC	D	0.04%	0.01%	0.01%
VNO	A	0.06%	0.02%	0.02%
VNT	F	0.01%	0.02%	0.01%
VOYA	A	0.03%	0.02%	0.02%
VRSK	C	0.03%	0.05%	0.03%
VTR	C	0.11%	0.02%	0.02%
VTRS	D	0.09%	0.03%	0.03%
VZ	B	1.34%	0.06%	0.06%
WAB	B	0.06%	0.03%	0.03%
WAL	C	0.03%	0.03%	0.03%
WBA	F	0.12%	0.06%	0.06%
WEC	A	0.11%	0.02%	0.02%
WELL	C	0.16%	0.01%	0.01%
WFC	F	1.03%	0.01%	0.01%
WHR	C	0.06%	0.01%	0.01%
WLK	C	0.02%	0.04%	0.02%
WM	B	0.12%	0.02%	0.02%
WMB	A	0.2%	0.03%	0.03%
WMT	A	1.14%	0.02%	0.02%
WPC	C	0.04%	0.02%	0.02%
WU	D	0.03%	0.01%	0.01%
WY	C	0.1%	0.01%	0.01%
XEL	B	0.14%	0.01%	0.01%
XOM	A	2.23%	0.02%	0.02%
ZBH	F	0.05%	0.02%	0.02%
ZTS	C	0.06%	0.04%	0.04%

PRF Overweight 589 Positions Relative to VCSH

Symbol	Grade	Weight
BRK.A	C	2.37%
META	A	0.97%
GOOG	B	0.86%
F	D	0.38%
ELV	F	0.37%
TSLA	C	0.32%
CNC	F	0.28%
PGR	C	0.25%
ACN	B	0.25%
COR	F	0.24%
TRV	C	0.22%
FI	A	0.19%
NFLX	B	0.18%
FCX	B	0.17%
PLD	D	0.17%
KHC	F	0.16%
BBY	C	0.16%
CEG	A	0.16%
HIG	B	0.15%
REGN	D	0.14%
WBD	D	0.14%
THC	D	0.13%
VST	B	0.13%
OXY	D	0.13%
ZIM	C	0.13%
BX	C	0.12%
PARA	F	0.12%
CBRE	B	0.12%
GLW	C	0.12%
URI	C	0.11%
NRG	A	0.11%
KKR	C	0.11%
WDC	C	0.11%
CTSH	B	0.1%
LUMN	C	0.1%
BKR	B	0.1%
JXN	A	0.09%
TROW	D	0.09%
GEHC	C	0.09%
IRM	A	0.09%
VICI	C	0.08%
TDG	B	0.08%
MKL	C	0.08%
CHRW	C	0.08%
STX	B	0.08%
ECL	B	0.08%
TRGP	A	0.08%
KMX	F	0.08%
GEV	A	0.08%
ACGL	B	0.08%
USFD	C	0.08%
VRTX	D	0.08%
FYBR	C	0.07%
AJG	D	0.07%
JLL	C	0.07%
PAYX	A	0.07%
MRO	C	0.07%
WTW	C	0.07%
CTRA	D	0.07%
FNF	B	0.07%
MRNA	F	0.07%
PFGC	A	0.07%
AA	B	0.07%
CINF	B	0.07%
ISRG	C	0.07%
ACI	F	0.07%
GRMN	D	0.06%
SOLV	C	0.06%
MOH	D	0.06%
CTAS	C	0.06%
CRBG	B	0.06%
CCL	C	0.06%
GEN	B	0.06%
SQ	D	0.06%
LNG	A	0.06%
EQT	B	0.06%
BLDR	B	0.06%
MPW	C	0.06%
GPC	D	0.06%
IQV	F	0.06%
EXPD	D	0.05%
KD	D	0.05%
DRI	C	0.05%
WCC	D	0.05%
OMF	F	0.05%
ACM	A	0.05%
CHK	D	0.05%
X	F	0.05%
BJ	C	0.05%
BAP	B	0.05%
INVH	F	0.05%
TSCO	B	0.05%
UGI	C	0.05%
UBER	C	0.05%
CDW	D	0.05%
EG	B	0.05%
NVR	B	0.05%
RJF	B	0.05%
LAD	C	0.05%
TOL	A	0.05%
SWN	D	0.05%
SJM	D	0.05%
BALL	C	0.05%
M	F	0.05%
FAST	C	0.05%
YUM	B	0.05%
PWR	B	0.05%
NWL	F	0.04%
AVY	D	0.04%
GT	F	0.04%
ZBRA	C	0.04%
EWBC	D	0.04%
UTHR	C	0.04%
RVTY	C	0.04%
ABG	F	0.04%
MTH	C	0.04%
APO	B	0.04%
DKS	D	0.04%
INGR	B	0.04%
J	F	0.04%
BFH	D	0.04%
TTWO	F	0.04%
HSIC	D	0.04%
WRB	C	0.04%
SSNC	C	0.04%
PBF	F	0.04%
ICLR	D	0.04%
SNA	A	0.04%
RMD	C	0.04%
OVV	D	0.04%
ZION	D	0.04%
EME	C	0.04%
FSLR	C	0.04%
CASY	D	0.04%
DINO	D	0.04%
REG	C	0.04%
RCL	C	0.04%
SFM	A	0.04%
TMHC	C	0.04%
HOLX	D	0.04%
SUI	D	0.04%
DVA	C	0.04%
STWD	C	0.04%
AME	D	0.04%
MTZ	A	0.04%
OGN	F	0.04%
GPI	C	0.04%
WSM	B	0.04%
AVTR	D	0.04%
TDS	B	0.04%
OGE	A	0.04%
HWM	A	0.04%
AR	B	0.04%
EXR	C	0.04%
ON	F	0.04%
LKQ	F	0.04%
CCK	C	0.04%
APA	F	0.04%
MGM	C	0.04%
CCEP	D	0.04%
HBI	C	0.04%
LEA	F	0.04%
BBWI	F	0.03%
ALV	F	0.03%
ULTA	D	0.03%
FOX	A	0.03%
NXST	F	0.03%
CG	B	0.03%
CNX	A	0.03%
GL	C	0.03%
SON	D	0.03%
HOOD	C	0.03%
SKX	D	0.03%
SCI	D	0.03%
KBH	C	0.03%
DOX	B	0.03%
TPH	C	0.03%
TER	C	0.03%
SPOT	C	0.03%
MDU	C	0.03%
RIG	F	0.03%
SANM	D	0.03%
QRVO	F	0.03%
FBIN	B	0.03%
GAP	F	0.03%
PB	D	0.03%
AKAM	D	0.03%
CPRT	C	0.03%
ELAN	C	0.03%
NWSA	D	0.03%
PNR	B	0.03%
FLR	C	0.03%
WTRG	D	0.03%
AGNC	C	0.03%
DTM	A	0.03%
FCNCA	D	0.03%
CTLT	A	0.03%
CPNG	C	0.03%
COOP	B	0.03%
AGCO	D	0.03%
WBS	D	0.03%
AXS	A	0.03%
JWN	D	0.03%
RRX	C	0.03%
BAH	A	0.03%
SNPS	F	0.03%
OLN	C	0.03%
EW	F	0.03%
THO	C	0.03%
LAMR	C	0.03%
CLF	F	0.03%
PENN	D	0.03%
HUN	C	0.03%
WSO	C	0.03%
COHR	A	0.03%
TPR	C	0.03%
MNST	D	0.03%
CPAY	A	0.03%
MAN	D	0.03%
BPOP	D	0.03%
STE	D	0.03%
CMG	C	0.03%
XYL	C	0.03%
HLT	B	0.03%
TRU	A	0.03%
KNX	D	0.03%
BURL	D	0.03%
TWLO	B	0.03%
NOW	C	0.03%
MUSA	D	0.03%
ARMK	B	0.03%
GPK	D	0.03%
IR	B	0.03%
CACI	A	0.03%
ANET	A	0.03%
CZR	B	0.03%
MAS	A	0.03%
WWD	C	0.02%
AEO	C	0.02%
MTCH	B	0.02%
THS	D	0.02%
APLE	D	0.02%
FCN	C	0.02%
STAG	D	0.02%
GEO	C	0.02%
LITE	A	0.02%
TTC	D	0.02%
CSTM	F	0.02%
CDP	A	0.02%
CHRD	F	0.02%
FULT	D	0.02%
GGG	C	0.02%
GMS	C	0.02%
MSM	D	0.02%
VMI	B	0.02%
ATI	C	0.02%
EXEL	B	0.02%
WYNN	B	0.02%
W	D	0.02%
MMS	C	0.02%
ASGN	D	0.02%
DK	F	0.02%
FHB	D	0.02%
LNW	F	0.02%
HUBG	D	0.02%
OUT	C	0.02%
HCC	C	0.02%
XPO	F	0.02%
ABCB	C	0.02%
RH	C	0.02%
UMBF	C	0.02%
JKHY	A	0.02%
PLXS	B	0.02%
AYI	A	0.02%
HLF	F	0.02%
AGO	B	0.02%
COIN	F	0.02%
XRX	D	0.02%
HOMB	D	0.02%
VRT	B	0.02%
IAC	D	0.02%
COLB	C	0.02%
PCH	C	0.02%
NDSN	C	0.02%
MKSI	F	0.02%
KRG	C	0.02%
CRL	F	0.02%
BCO	C	0.02%
NJR	C	0.02%
LYV	B	0.02%
DECK	B	0.02%
LSTR	F	0.02%
VSCO	C	0.02%
AVA	D	0.02%
TYL	B	0.02%
POOL	B	0.02%
NVST	D	0.02%
GDDY	D	0.02%
SLGN	C	0.02%
LULU	D	0.02%
ADC	B	0.02%
RIVN	F	0.02%
ALE	A	0.02%
BLD	D	0.02%
DCI	C	0.02%
PHIN	D	0.02%
OI	D	0.02%
SIG	C	0.02%
CW	A	0.02%
TCBI	C	0.02%
WAT	B	0.02%
TRN	C	0.02%
DPZ	D	0.02%
NAVI	F	0.02%
PRI	A	0.02%
FLO	D	0.02%
PAG	D	0.02%
REXR	D	0.02%
CBT	C	0.02%
GBCI	C	0.02%
SM	C	0.02%
ADNT	D	0.02%
CBSH	D	0.02%
SEM	D	0.02%
SRCL	A	0.02%
AOS	B	0.02%
CR	C	0.02%
PNM	B	0.02%
TNL	C	0.02%
ALGN	D	0.02%
CC	D	0.02%
ITT	C	0.02%
NWE	B	0.02%
BTU	B	0.02%
JAZZ	F	0.02%
ASB	F	0.02%
INCY	B	0.02%
SMG	B	0.02%
AVNT	C	0.02%
ESNT	C	0.02%
GME	D	0.02%
MIDD	D	0.02%
CPRI	B	0.02%
ATR	A	0.02%
DY	C	0.02%
SLVM	C	0.02%
SR	D	0.02%
HWC	D	0.02%
TFX	C	0.02%
ST	F	0.02%
CHKP	C	0.02%
OZK	D	0.02%
CADE	D	0.02%
KBR	B	0.02%
RHI	D	0.02%
MLI	C	0.02%
IDA	D	0.02%
MAT	D	0.02%
ELS	D	0.02%
CFR	D	0.02%
WKC	B	0.02%
AAP	F	0.02%
NOV	F	0.02%
FFIV	B	0.02%
MELI	D	0.02%
SLM	C	0.02%
IT	B	0.02%
SEE	D	0.02%
UHAL	B	0.02%
CIEN	A	0.02%
RUN	D	0.02%
IEX	D	0.02%
UBSI	D	0.02%
SAIC	A	0.02%
EVR	C	0.02%
KEX	C	0.02%
ONB	D	0.02%
MSCI	B	0.02%
CBOE	B	0.02%
MHO	C	0.02%
MTD	B	0.02%
ANSS	D	0.02%
PRGO	F	0.02%
COLD	D	0.02%
DASH	B	0.02%
TGNA	C	0.02%
UFPI	C	0.02%
PII	D	0.02%
DEI	A	0.02%
WTFC	C	0.02%
FL	F	0.02%
ABM	D	0.02%
POST	D	0.02%
ALSN	A	0.02%
SSB	C	0.02%
SBAC	C	0.02%
RDN	D	0.02%
MTG	B	0.02%
CWK	C	0.02%
CAR	F	0.02%
MAC	C	0.02%
MUR	F	0.02%
EHC	B	0.02%
FTI	B	0.02%
LPX	C	0.02%
BXMT	C	0.02%
BCC	C	0.02%
PNFP	D	0.02%
BHF	F	0.02%
CLH	C	0.02%
LPLA	C	0.02%
NSIT	B	0.02%
ZM	C	0.02%
LBRDK	B	0.02%
GNW	C	0.02%
BIO	B	0.02%
CSGP	F	0.02%
GNRC	B	0.02%
AXTA	C	0.02%
AMH	D	0.02%
CMC	D	0.02%
CUZ	C	0.02%
SWX	C	0.02%
OSK	F	0.02%
PK	D	0.02%
DAR	F	0.02%
VLTO	A	0.02%
ODFL	F	0.02%
BECN	D	0.02%
POR	D	0.02%
PARR	F	0.01%
FIVE	D	0.01%
HELE	D	0.01%
SMCI	F	0.01%
NUS	F	0.01%
ZG	C	0.01%
HEI	C	0.01%
DXCM	F	0.01%
CNXC	F	0.01%
SNOW	F	0.01%
AMR	F	0.01%
ARCB	F	0.01%
XP	F	0.01%
STNE	F	0.01%
WSC	D	0.01%
GTN	D	0.01%
CBRL	D	0.01%
OPEN	F	0.01%
NWS	D	0.01%
ATKR	F	0.01%
UAA	B	0.01%
HEI	C	0.01%
UA	B	0.01%
IGT	F	0.01%
RLJ	D	0.01%
ODP	F	0.01%
MLKN	F	0.01%
CLVT	D	0.01%
BXC	D	0.01%
AMN	F	0.01%
OPCH	F	0.01%
HTZ	F	0.01%
CABO	F	0.01%
BGS	D	0.01%
DIOD	F	0.01%
VSTS	D	0.01%
JELD	C	0.01%
VSAT	F	0.01%
SAIA	D	0.01%
LGIH	C	0.01%
ENOV	F	0.01%
URBN	F	0.01%
CRC	B	0.01%
NSP	F	0.01%
CRI	D	0.01%
GTLS	F	0.01%
PINC	F	0.01%
ARI	F	0.01%
AXL	F	0.01%
DRH	D	0.01%
CXW	F	0.01%
HPP	F	0.01%
EGP	D	0.01%
BYD	C	0.01%
SITE	D	0.01%
PDCO	F	0.01%
WH	C	0.01%
AMKR	F	0.01%
UVV	D	0.01%
APAM	C	0.01%
CGNX	F	0.01%
KMT	D	0.01%
EEFT	F	0.01%
EPAM	F	0.01%
TROX	D	0.01%
MTDR	F	0.01%
TEX	F	0.01%
LECO	F	0.01%
ARCH	C	0.01%
UCB	D	0.01%
GEF	D	0.01%
PPBI	D	0.01%
PTC	D	0.01%
OKTA	F	0.01%
LXP	D	0.01%
PMT	C	0.01%
INDB	D	0.01%
TTMI	D	0.01%
SEIC	B	0.01%
ANDE	D	0.01%
BMRN	F	0.01%
PECO	C	0.01%
RLI	A	0.01%
RYN	C	0.01%
UNIT	B	0.01%
LFUS	D	0.01%
ABNB	D	0.01%
OMI	F	0.01%
RRC	B	0.01%
AUB	D	0.01%
BOKF	D	0.01%
VSH	F	0.01%
TPX	C	0.01%
FUL	F	0.01%
ESAB	C	0.01%
FIBK	D	0.01%
FFBC	D	0.01%
ASH	F	0.01%
ENTG	D	0.01%
SPB	C	0.01%
FR	D	0.01%
ALIT	D	0.01%
SIGI	D	0.01%
ESI	C	0.01%
BWXT	A	0.01%
WST	D	0.01%
CCS	C	0.01%
CATY	D	0.01%
AAL	D	0.01%
LW	D	0.01%
SBH	C	0.01%
CIVI	F	0.01%
ACHC	F	0.01%
AIT	B	0.01%
JBGS	C	0.01%
VYX	B	0.01%
GNTX	D	0.01%
PFSI	C	0.01%
HRI	C	0.01%
LCII	C	0.01%
ASO	D	0.01%
WERN	D	0.01%
ENS	D	0.01%
AM	A	0.01%
VAC	D	0.01%
WEX	C	0.01%
SOFI	C	0.01%
APG	F	0.01%
WDAY	D	0.01%
MC	C	0.01%
DAN	D	0.01%
VEEV	C	0.01%
ABR	C	0.01%
KNF	C	0.01%
NOMD	D	0.01%
CNM	F	0.01%
GHC	C	0.01%
Z	C	0.01%
ARES	A	0.01%
IDXX	D	0.01%
GATX	F	0.01%
RUSHA	D	0.01%
FDS	C	0.01%
SFNC	C	0.01%
XRAY	D	0.01%
FND	C	0.01%
MTN	D	0.01%
REZI	D	0.01%
TXRH	C	0.01%
ESGR	D	0.01%
HE	F	0.01%
UNFI	B	0.01%
RXO	D	0.01%
RGLD	C	0.01%
GRAB	C	0.01%
IRT	D	0.01%
UHAL	B	0.0%
SEDG	F	0.0%
LBRDA	B	0.0%

PRF Underweight 50 Positions Relative to VCSH

Symbol	Grade	Weight
STLA	F	-0.07%
WB	B	-0.04%
ARCC	A	-0.04%
GSK	F	-0.04%
AZN	D	-0.04%
JD	B	-0.03%
EPD	A	-0.03%
MPLX	A	-0.03%
SKT	A	-0.02%
GBDC	B	-0.02%
TSLX	C	-0.02%
COKE	C	-0.02%
BABA	B	-0.02%
AWH	F	-0.02%
GSBD	D	-0.02%
OCSL	D	-0.02%
LAZ	C	-0.02%
CNA	D	-0.02%
FSK	A	-0.02%
WRK	C	-0.02%
ET	A	-0.02%
CM	C	-0.02%
RY	C	-0.02%
TD	B	-0.02%
CACC	F	-0.01%
NEU	F	-0.01%
NYCB	D	-0.01%
BCSF	B	-0.01%
TME	B	-0.01%
SITC	D	-0.01%
TEL	D	-0.01%
BHP	B	-0.01%
GP	D	-0.01%
H	C	-0.01%
PSEC	C	-0.01%
MAIN	A	-0.01%
PDM	C	-0.01%
OPI	F	-0.01%
CP	D	-0.01%
LH	D	-0.01%
BIDU	B	-0.01%
PAA	C	-0.01%
BNS	C	-0.01%
VOD	D	-0.01%
DB	C	-0.01%
BMO	B	-0.01%
HSBC	A	-0.01%
NWG	D	-0.01%
MUFG	F	-0.01%
DELL	C	-0.01%