PRF vs. VFMF ETF Comparison

Comparison of Powershares FTSE RAFI US 1000 Portfolio (PRF) to Vanguard U.S. Multifactor ETF (VFMF)

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

$42.12

Average Daily Volume

211,779

Number of Holdings ^*

982

* may have additional holdings in another (foreign) market

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$137.90

Average Daily Volume

9,517

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	PRF	VFMF
30 Days	2.81%	4.74%
60 Days	4.61%	6.50%
90 Days	6.08%	6.64%
12 Months	29.30%	32.18%

249 Overlapping Holdings

	Symbol	Grade	Weight in PRF	Weight in VFMF	Overlap
	ABBV	F	0.57%	0.93%	0.57%
	ABCB	B	0.02%	0.14%	0.02%
	AEO	F	0.01%	0.17%	0.01%
	AFL	B	0.2%	1.08%	0.2%
	AGO	B	0.02%	0.17%	0.02%
	AIG	B	0.31%	1.02%	0.31%
	AIT	B	0.02%	0.17%	0.02%
	ALSN	B	0.03%	0.3%	0.03%
	AMAT	F	0.12%	0.78%	0.12%
	AMG	B	0.02%	0.32%	0.02%
	AMKR	D	0.01%	0.2%	0.01%
	AMP	A	0.1%	0.17%	0.1%
	AMR	C	0.01%	0.11%	0.01%
	AMZN	C	1.74%	0.06%	0.06%
	AN	C	0.05%	0.14%	0.05%
	ANDE	D	0.01%	0.34%	0.01%
	ANET	C	0.03%	0.5%	0.03%
	APO	B	0.05%	0.74%	0.05%
	ARCB	C	0.01%	0.08%	0.01%
	ARW	D	0.08%	0.09%	0.08%
	ASB	B	0.02%	0.16%	0.02%
	ASO	F	0.01%	0.24%	0.01%
	ATKR	D	0.01%	0.02%	0.01%
	AXP	A	0.29%	0.82%	0.29%
	AYI	B	0.02%	0.26%	0.02%
	AZO	C	0.07%	0.43%	0.07%
	BAC	A	1.37%	0.16%	0.16%
	BBY	D	0.14%	0.05%	0.05%
	BCC	B	0.02%	0.52%	0.02%
	BERY	C	0.04%	0.03%	0.03%
	BG	D	0.1%	0.16%	0.1%
	BJ	A	0.05%	0.05%	0.05%
	BK	A	0.27%	0.98%	0.27%
	BKNG	A	0.1%	0.52%	0.1%
	BKU	A	0.02%	0.04%	0.02%
	BLD	D	0.02%	0.19%	0.02%
	BLDR	D	0.06%	0.12%	0.06%
	BOKF	B	0.01%	0.19%	0.01%
	BPOP	C	0.03%	0.67%	0.03%
	BTU	B	0.02%	0.05%	0.02%
	BWA	D	0.05%	0.06%	0.05%
	BYD	B	0.01%	0.03%	0.01%
	C	A	1.14%	0.06%	0.06%
	CACI	D	0.03%	0.07%	0.03%
	CAH	B	0.29%	0.53%	0.29%
	CASY	A	0.04%	0.05%	0.04%
	CAT	B	0.34%	0.48%	0.34%
	CATY	B	0.02%	0.06%	0.02%
	CBOE	C	0.02%	0.34%	0.02%
	CBSH	B	0.02%	0.34%	0.02%
	CBT	D	0.02%	0.05%	0.02%
	CF	A	0.06%	0.16%	0.06%
	CFG	B	0.16%	0.57%	0.16%
	CG	B	0.03%	0.07%	0.03%
	CHRD	D	0.02%	0.15%	0.02%
	CI	D	0.37%	0.5%	0.37%
	CIVI	D	0.01%	0.06%	0.01%
	CL	D	0.13%	0.46%	0.13%
	CMC	B	0.03%	0.14%	0.03%
	CNM	D	0.01%	0.07%	0.01%
	CNO	B	0.03%	0.4%	0.03%
	CNX	A	0.03%	0.11%	0.03%
	COOP	B	0.03%	0.17%	0.03%
	COP	C	0.42%	0.22%	0.22%
	COR	B	0.26%	0.17%	0.17%
	COST	A	0.56%	0.52%	0.52%
	CPAY	A	0.04%	0.23%	0.04%
	CR	A	0.02%	0.16%	0.02%
	CRBG	B	0.06%	0.15%	0.06%
	CRC	A	0.01%	0.15%	0.01%
	CRM	B	0.25%	0.19%	0.19%
	CSL	C	0.03%	0.07%	0.03%
	CTAS	B	0.06%	0.07%	0.06%
	CTRA	B	0.07%	0.17%	0.07%
	CTSH	B	0.1%	0.12%	0.1%
	CVX	A	1.16%	0.33%	0.33%
	DASH	B	0.03%	0.05%	0.03%
	DECK	A	0.02%	0.16%	0.02%
	DHI	F	0.12%	0.26%	0.12%
	DKS	D	0.03%	0.15%	0.03%
	DOX	D	0.02%	0.1%	0.02%
	DVA	C	0.04%	0.16%	0.04%
	EBAY	D	0.09%	0.07%	0.07%
	EME	A	0.04%	0.22%	0.04%
	ENS	F	0.01%	0.14%	0.01%
	EOG	A	0.27%	0.51%	0.27%
	EQH	C	0.06%	0.2%	0.06%
	ESAB	C	0.01%	0.15%	0.01%
	EWBC	A	0.04%	0.59%	0.04%
	EXPE	B	0.04%	0.13%	0.04%
	FANG	C	0.08%	0.6%	0.08%
	FCX	F	0.14%	0.26%	0.14%
	FDX	B	0.31%	0.54%	0.31%
	FFIV	B	0.02%	0.02%	0.02%
	FI	A	0.22%	0.51%	0.22%
	FIBK	B	0.01%	0.12%	0.01%
	FITB	B	0.14%	0.39%	0.14%
	FLO	D	0.02%	0.06%	0.02%
	FNF	B	0.07%	0.23%	0.07%
	FTI	A	0.02%	0.14%	0.02%
	GAP	C	0.03%	0.08%	0.03%
	GEO	B	0.03%	0.04%	0.03%
	GILD	C	0.37%	0.43%	0.37%
	GM	C	0.79%	0.44%	0.44%
	GMS	B	0.02%	0.2%	0.02%
	GNW	A	0.02%	0.21%	0.02%
	GOOG	C	0.89%	0.9%	0.89%
	GOOGL	C	1.03%	0.5%	0.5%
	GPC	D	0.05%	0.1%	0.05%
	GPI	B	0.04%	0.03%	0.03%
	GPK	C	0.03%	0.03%	0.03%
	HBI	B	0.05%	0.13%	0.05%
	HCA	F	0.15%	0.82%	0.15%
	HCC	B	0.02%	0.13%	0.02%
	HIG	B	0.14%	0.7%	0.14%
	HP	C	0.02%	0.18%	0.02%
	HPE	B	0.19%	0.04%	0.04%
	HPQ	B	0.19%	0.19%	0.19%
	HRB	D	0.02%	0.45%	0.02%
	HWC	B	0.02%	0.12%	0.02%
	IBM	C	0.53%	0.61%	0.53%
	INDB	B	0.01%	0.09%	0.01%
	INGR	C	0.04%	0.35%	0.04%
	JBL	C	0.05%	0.24%	0.05%
	JEF	A	0.07%	0.19%	0.07%
	JELD	F	0.01%	0.09%	0.01%
	JNJ	C	0.92%	0.38%	0.38%
	JPM	A	2.2%	0.72%	0.72%
	JWN	D	0.03%	0.07%	0.03%
	JXN	C	0.09%	0.1%	0.09%
	KBH	D	0.02%	0.16%	0.02%
	KD	B	0.05%	0.16%	0.05%
	KEX	B	0.02%	0.16%	0.02%
	KLAC	F	0.05%	0.52%	0.05%
	KMB	C	0.13%	0.59%	0.13%
	KMT	B	0.01%	0.03%	0.01%
	KR	B	0.31%	0.73%	0.31%
	LDOS	C	0.06%	0.15%	0.06%
	LEN	D	0.12%	0.07%	0.07%
	LEN	D	0.01%	0.19%	0.01%
	LEN	D	0.12%	0.19%	0.12%
	LEN	D	0.01%	0.07%	0.01%
	LMT	D	0.34%	0.64%	0.34%
	LPX	B	0.02%	0.21%	0.02%
	LYB	F	0.14%	0.1%	0.1%
	M	F	0.05%	0.22%	0.05%
	MAN	F	0.03%	0.02%	0.02%
	MCK	A	0.45%	0.71%	0.45%
	MET	A	0.29%	0.05%	0.05%
	META	D	0.96%	0.82%	0.82%
	MHK	D	0.06%	0.22%	0.06%
	MHO	D	0.02%	0.25%	0.02%
	MLI	B	0.02%	0.71%	0.02%
	MLKN	F	0.01%	0.23%	0.01%
	MMM	D	0.42%	0.9%	0.42%
	MO	A	0.52%	0.78%	0.52%
	MPC	D	0.31%	0.83%	0.31%
	MRK	D	0.41%	0.46%	0.41%
	MTDR	B	0.01%	0.08%	0.01%
	MTG	C	0.02%	0.71%	0.02%
	MTH	D	0.03%	0.07%	0.03%
	MUR	D	0.02%	0.13%	0.02%
	MUSA	B	0.03%	0.14%	0.03%
	NAVI	F	0.02%	0.09%	0.02%
	NSIT	F	0.02%	0.24%	0.02%
	NTAP	C	0.06%	0.17%	0.06%
	NUE	C	0.12%	0.13%	0.12%
	NVDA	B	0.26%	0.63%	0.26%
	NVR	D	0.05%	0.18%	0.05%
	NWS	A	0.01%	0.36%	0.01%
	NXST	C	0.02%	0.04%	0.02%
	OC	A	0.05%	0.44%	0.05%
	OGN	F	0.03%	0.12%	0.03%
	OMF	A	0.05%	0.46%	0.05%
	OMI	F	0.01%	0.16%	0.01%
	ORI	A	0.06%	0.45%	0.06%
	OVV	B	0.04%	0.07%	0.04%
	PCAR	B	0.14%	0.13%	0.13%
	PFG	D	0.1%	0.06%	0.06%
	PFGC	B	0.08%	0.15%	0.08%
	PGR	A	0.25%	0.2%	0.2%
	PH	A	0.11%	0.11%	0.11%
	PHIN	A	0.02%	0.24%	0.02%
	PHM	D	0.07%	0.72%	0.07%
	PINC	B	0.01%	0.18%	0.01%
	PKG	A	0.06%	0.19%	0.06%
	PM	B	0.66%	0.81%	0.66%
	PRI	B	0.02%	0.28%	0.02%
	PSX	C	0.29%	0.27%	0.27%
	PVH	C	0.02%	0.39%	0.02%
	PYPL	B	0.2%	0.15%	0.15%
	QCOM	F	0.31%	0.82%	0.31%
	R	B	0.06%	0.16%	0.06%
	RCL	A	0.05%	0.12%	0.05%
	RDN	D	0.02%	0.21%	0.02%
	RL	C	0.02%	0.19%	0.02%
	RMD	C	0.03%	0.15%	0.03%
	RNR	C	0.02%	0.06%	0.02%
	RRC	B	0.01%	0.03%	0.01%
	RS	B	0.05%	0.11%	0.05%
	RTX	D	0.47%	0.36%	0.36%
	SANM	B	0.03%	0.1%	0.03%
	SFM	A	0.05%	0.16%	0.05%
	SFNC	C	0.02%	0.08%	0.02%
	SIG	B	0.02%	0.3%	0.02%
	SKX	D	0.02%	0.26%	0.02%
	SLM	A	0.02%	0.41%	0.02%
	SLVM	B	0.02%	0.15%	0.02%
	SM	B	0.02%	0.13%	0.02%
	SNA	A	0.04%	0.15%	0.04%
	SPOT	B	0.03%	0.2%	0.03%
	STLD	B	0.07%	0.18%	0.07%
	STT	B	0.16%	0.23%	0.16%
	SWKS	F	0.03%	0.09%	0.03%
	SYF	B	0.23%	0.71%	0.23%
	T	A	1.18%	0.77%	0.77%
	TCBI	C	0.02%	0.05%	0.02%
	TEX	F	0.01%	0.18%	0.01%
	TGT	F	0.29%	0.65%	0.29%
	THC	D	0.12%	0.2%	0.12%
	THO	B	0.03%	0.21%	0.03%
	TJX	A	0.19%	0.42%	0.19%
	TMHC	C	0.04%	0.18%	0.04%
	TMUS	B	0.33%	0.75%	0.33%
	TNL	A	0.02%	0.15%	0.02%
	TOL	B	0.05%	0.25%	0.05%
	TPH	D	0.02%	0.13%	0.02%
	TPR	B	0.04%	0.14%	0.04%
	TT	A	0.1%	0.44%	0.1%
	UA	C	0.01%	0.12%	0.01%
	UFPI	C	0.02%	0.37%	0.02%
	UHS	D	0.05%	0.1%	0.05%
	UNM	A	0.08%	0.28%	0.08%
	URBN	C	0.01%	0.12%	0.01%
	URI	C	0.11%	0.17%	0.11%
	UTHR	C	0.04%	0.37%	0.04%
	VFC	C	0.07%	0.07%	0.07%
	VLO	C	0.33%	0.85%	0.33%
	VNT	C	0.01%	0.13%	0.01%
	VTRS	A	0.09%	0.04%	0.04%
	VZ	C	1.19%	0.52%	0.52%
	WCC	B	0.06%	0.12%	0.06%
	WEX	D	0.01%	0.04%	0.01%
	WFC	A	1.29%	1.25%	1.25%
	WMT	A	1.16%	0.78%	0.78%
	WRB	A	0.04%	0.33%	0.04%
	WSM	C	0.03%	0.28%	0.03%
	WU	F	0.03%	0.06%	0.03%
	XOM	B	2.24%	0.47%	0.47%

PRF Overweight 735 Positions Relative to VFMF

	Symbol	Grade	Weight
	BRK.A	B	2.34%
	AAPL	C	2.3%
	MSFT	D	1.86%
	UNH	B	1.06%
	GS	A	0.78%
	CMCSA	B	0.78%
	PFE	F	0.77%
	HD	B	0.73%
	PG	C	0.71%
	CSCO	B	0.64%
	MS	A	0.58%
	CVS	D	0.53%
	AVGO	D	0.5%
	PEP	F	0.48%
	KO	D	0.47%
	INTC	C	0.45%
	BMY	B	0.42%
	DIS	B	0.42%
	COF	C	0.41%
	DUK	C	0.4%
	F	C	0.39%
	USB	A	0.38%
	NEE	C	0.38%
	PNC	B	0.37%
	TSLA	B	0.37%
	TFC	A	0.36%
	SO	C	0.36%
	MDT	D	0.35%
	TXN	C	0.34%
	LOW	C	0.34%
	BLK	B	0.33%
	ABT	B	0.32%
	AMGN	F	0.32%
	UPS	C	0.32%
	ORCL	A	0.32%
	MU	D	0.31%
	HON	C	0.3%
	CB	C	0.3%
	KMI	A	0.3%
	MCD	D	0.29%
	LIN	C	0.28%
	ELV	F	0.28%
	D	C	0.26%
	UNP	C	0.25%
	ACN	B	0.25%
	CHTR	C	0.25%
	V	A	0.25%
	WMB	A	0.24%
	TRV	B	0.24%
	GE	D	0.23%
	PRU	A	0.23%
	CNC	D	0.22%
	DE	B	0.22%
	TMO	F	0.22%
	NFLX	A	0.21%
	ADM	D	0.21%
	LLY	F	0.21%
	EXC	C	0.2%
	DFS	B	0.2%
	ALL	A	0.2%
	AEP	C	0.2%
	SRE	A	0.19%
	OKE	A	0.18%
	GD	D	0.18%
	DOW	F	0.18%
	JCI	B	0.18%
	SCHW	B	0.18%
	ETN	A	0.18%
	MDLZ	F	0.18%
	ADI	D	0.17%
	DD	C	0.17%
	NOC	D	0.17%
	SPGI	C	0.17%
	MA	B	0.17%
	SBUX	A	0.17%
	DHR	F	0.16%
	NEM	D	0.16%
	MTB	A	0.16%
	WELL	A	0.16%
	APD	A	0.16%
	WBD	B	0.16%
	XEL	A	0.15%
	EMR	B	0.15%
	VST	A	0.15%
	AMD	F	0.15%
	AMT	C	0.15%
	FIS	C	0.15%
	ETR	B	0.15%
	ED	C	0.15%
	PEG	A	0.15%
	PLD	F	0.15%
	TSN	B	0.15%
	CMI	A	0.15%
	IP	A	0.15%
	CSX	C	0.14%
	SYY	D	0.14%
	PPL	A	0.14%
	EIX	B	0.14%
	KHC	F	0.14%
	ADP	A	0.14%
	HUM	C	0.14%
	CME	B	0.14%
	CBRE	B	0.13%
	WM	B	0.13%
	BDX	F	0.13%
	KKR	A	0.13%
	OXY	D	0.13%
	ZIM	C	0.13%
	GIS	D	0.13%
	DLR	B	0.13%
	NSC	B	0.13%
	MMC	B	0.13%
	SLB	C	0.13%
	CEG	C	0.13%
	BX	A	0.13%
	BKR	A	0.12%
	LHX	C	0.12%
	BSX	A	0.12%
	HBAN	A	0.12%
	CCI	C	0.12%
	LUMN	C	0.12%
	ICE	C	0.12%
	NKE	F	0.12%
	SPG	A	0.12%
	PARA	C	0.12%
	SYK	B	0.12%
	RF	A	0.12%
	ITW	B	0.12%
	GLW	B	0.12%
	ES	C	0.11%
	NRG	B	0.11%
	WEC	A	0.11%
	VTR	B	0.11%
	CARR	C	0.11%
	WBA	F	0.11%
	KEY	B	0.11%
	BA	F	0.11%
	PCG	A	0.11%
	ADBE	C	0.11%
	EQIX	A	0.1%
	O	C	0.1%
	DTE	C	0.1%
	NTRS	A	0.1%
	REGN	F	0.1%
	DVN	F	0.1%
	FE	C	0.1%
	WDC	D	0.1%
	TRGP	A	0.1%
	GEV	B	0.1%
	VRTX	D	0.09%
	USFD	A	0.09%
	AER	A	0.09%
	WY	F	0.09%
	BIIB	F	0.09%
	KDP	F	0.09%
	SHW	B	0.09%
	INTU	B	0.09%
	TROW	B	0.09%
	AEE	A	0.09%
	CTVA	C	0.09%
	EVRG	A	0.08%
	GEHC	D	0.08%
	FLEX	B	0.08%
	CHRW	B	0.08%
	NXPI	D	0.08%
	CINF	A	0.08%
	ISRG	A	0.08%
	IFF	D	0.08%
	ALLY	C	0.08%
	K	A	0.08%
	APH	A	0.08%
	KMX	B	0.08%
	AVB	B	0.08%
	MKL	A	0.08%
	EQR	C	0.08%
	IRM	C	0.08%
	OMC	C	0.08%
	PPG	F	0.07%
	GPN	B	0.07%
	LNC	C	0.07%
	STZ	D	0.07%
	RJF	A	0.07%
	HAL	C	0.07%
	DGX	A	0.07%
	LNG	A	0.07%
	TDG	D	0.07%
	STX	C	0.07%
	SWK	D	0.07%
	DOC	C	0.07%
	CAG	F	0.07%
	AJG	A	0.07%
	EQT	B	0.07%
	AON	A	0.07%
	VICI	C	0.07%
	SQ	A	0.07%
	MSI	B	0.07%
	WTW	B	0.07%
	CMS	C	0.07%
	MRO	B	0.07%
	PAYX	B	0.07%
	ACGL	C	0.07%
	PSA	C	0.07%
	CCL	A	0.07%
	CNP	A	0.07%
	LRCX	F	0.07%
	ACI	C	0.07%
	AA	A	0.07%
	ECL	D	0.07%
	IVZ	B	0.06%
	ZTS	D	0.06%
	MAR	A	0.06%
	GWW	B	0.06%
	ATO	A	0.06%
	OTIS	C	0.06%
	LH	B	0.06%
	VNO	C	0.06%
	CMA	B	0.06%
	MOS	F	0.06%
	PWR	A	0.06%
	MCO	B	0.06%
	PNW	A	0.06%
	ROST	D	0.06%
	LAD	A	0.06%
	FAST	B	0.06%
	RGA	A	0.06%
	WAB	B	0.06%
	UAL	A	0.06%
	ORLY	B	0.06%
	WHR	B	0.06%
	L	A	0.06%
	BXP	C	0.06%
	NI	A	0.06%
	GEN	B	0.06%
	ARE	F	0.06%
	EMN	C	0.06%
	RSG	A	0.06%
	FYBR	C	0.06%
	ROP	B	0.06%
	JLL	D	0.06%
	GRMN	B	0.06%
	MRVL	B	0.06%
	UGI	C	0.05%
	INVH	D	0.05%
	DXC	B	0.05%
	TSCO	D	0.05%
	DRI	B	0.05%
	HWM	A	0.05%
	ZBH	C	0.05%
	SJM	D	0.05%
	EG	C	0.05%
	TWLO	A	0.05%
	BALL	F	0.05%
	UBER	F	0.05%
	ZION	B	0.05%
	CLX	A	0.05%
	ACM	B	0.05%
	ESS	B	0.05%
	MCHP	F	0.05%
	X	B	0.05%
	ROK	C	0.05%
	MOH	F	0.05%
	BAP	A	0.05%
	MAA	B	0.05%
	KIM	A	0.05%
	BAX	F	0.05%
	TAP	C	0.05%
	YUM	D	0.05%
	AES	F	0.05%
	CNH	C	0.05%
	IQV	F	0.05%
	SOLV	D	0.05%
	DOV	A	0.05%
	FHN	A	0.05%
	TDS	B	0.05%
	LNT	A	0.05%
	AFG	A	0.05%
	DG	F	0.05%
	AWK	C	0.05%
	FOXA	A	0.05%
	HES	B	0.05%
	AVT	C	0.04%
	CHD	A	0.04%
	SUI	C	0.04%
	BEN	C	0.04%
	CPT	B	0.04%
	WPC	C	0.04%
	DINO	D	0.04%
	GT	C	0.04%
	WBS	A	0.04%
	HST	C	0.04%
	SSNC	B	0.04%
	PBF	D	0.04%
	NOW	A	0.04%
	ZBRA	B	0.04%
	HOLX	D	0.04%
	UDR	B	0.04%
	EXR	C	0.04%
	A	D	0.04%
	LEA	F	0.04%
	STWD	C	0.04%
	SNV	C	0.04%
	ABG	C	0.04%
	J	D	0.04%
	ON	D	0.04%
	REG	A	0.04%
	APA	D	0.04%
	CDW	F	0.04%
	SNX	D	0.04%
	APTV	F	0.04%
	DLTR	F	0.04%
	CCK	D	0.04%
	NWL	C	0.04%
	TDY	B	0.04%
	KSS	F	0.04%
	HAS	D	0.04%
	FAF	A	0.04%
	MGM	D	0.04%
	EXPD	C	0.04%
	LKQ	F	0.04%
	SLG	B	0.04%
	MRNA	F	0.04%
	OGE	A	0.04%
	AIZ	A	0.04%
	MLM	C	0.04%
	TTWO	A	0.04%
	MKC	C	0.04%
	CCEP	C	0.04%
	BFH	C	0.04%
	TXT	D	0.04%
	AR	B	0.04%
	IPG	D	0.04%
	HSY	F	0.04%
	MTZ	B	0.04%
	VMC	B	0.04%
	EA	A	0.04%
	MPW	F	0.04%
	DAL	B	0.04%
	AME	A	0.04%
	PK	C	0.03%
	OLN	F	0.03%
	ICLR	D	0.03%
	COIN	C	0.03%
	ELAN	D	0.03%
	GL	C	0.03%
	BHF	C	0.03%
	ALV	C	0.03%
	CLF	F	0.03%
	KRC	B	0.03%
	WTFC	A	0.03%
	BRO	B	0.03%
	AXTA	B	0.03%
	DAR	C	0.03%
	AGCO	D	0.03%
	OSK	C	0.03%
	WTRG	B	0.03%
	SCI	B	0.03%
	VLY	B	0.03%
	LBRDK	C	0.03%
	VRSK	A	0.03%
	CTLT	C	0.03%
	RIG	D	0.03%
	ODFL	C	0.03%
	JBHT	C	0.03%
	BAH	F	0.03%
	CAR	C	0.03%
	TRMB	B	0.03%
	GXO	B	0.03%
	GNRC	C	0.03%
	ZM	C	0.03%
	XYL	D	0.03%
	STE	D	0.03%
	LAMR	C	0.03%
	FOX	A	0.03%
	BECN	B	0.03%
	AL	B	0.03%
	PNFP	B	0.03%
	CPNG	D	0.03%
	FLR	B	0.03%
	CPRT	B	0.03%
	PNR	A	0.03%
	EW	C	0.03%
	FNB	A	0.03%
	FSLR	F	0.03%
	GLPI	C	0.03%
	NWSA	A	0.03%
	TRU	D	0.03%
	KEYS	A	0.03%
	RRX	B	0.03%
	PB	B	0.03%
	EFX	F	0.03%
	OHI	C	0.03%
	BRX	A	0.03%
	AXS	A	0.03%
	HUBB	B	0.03%
	CZR	F	0.03%
	AVY	F	0.03%
	LPLA	A	0.03%
	SNPS	B	0.03%
	WSO	A	0.03%
	CMG	B	0.03%
	RVTY	F	0.03%
	BURL	B	0.03%
	MNST	C	0.03%
	ALB	B	0.03%
	MAS	D	0.03%
	ARMK	B	0.03%
	KNX	C	0.03%
	FCNCA	A	0.03%
	JNPR	D	0.03%
	PENN	C	0.03%
	BR	A	0.03%
	FTV	C	0.03%
	FMC	D	0.03%
	JHG	B	0.03%
	VOYA	B	0.03%
	HSIC	C	0.03%
	WAL	B	0.03%
	AVTR	F	0.03%
	CPB	D	0.03%
	COHR	B	0.03%
	HLT	A	0.03%
	HRL	D	0.03%
	LVS	B	0.03%
	RPM	A	0.03%
	IR	B	0.03%
	HOOD	B	0.03%
	DTM	A	0.03%
	NDAQ	A	0.03%
	SF	B	0.03%
	CDP	C	0.02%
	TKR	D	0.02%
	VEEV	C	0.02%
	MSM	C	0.02%
	BWXT	B	0.02%
	WDAY	B	0.02%
	ASGN	F	0.02%
	MC	C	0.02%
	PCH	F	0.02%
	RH	C	0.02%
	ARES	A	0.02%
	GGG	B	0.02%
	FDS	B	0.02%
	JKHY	D	0.02%
	APLE	B	0.02%
	RIVN	F	0.02%
	TTMI	C	0.02%
	ALGN	D	0.02%
	DK	C	0.02%
	SMG	C	0.02%
	OUT	A	0.02%
	EPR	C	0.02%
	LNW	F	0.02%
	ADNT	F	0.02%
	ESNT	F	0.02%
	GHC	B	0.02%
	POOL	C	0.02%
	AVA	A	0.02%
	LW	C	0.02%
	NDSN	B	0.02%
	GATX	A	0.02%
	TXRH	B	0.02%
	RPRX	D	0.02%
	COLD	D	0.02%
	Z	A	0.02%
	RUSHA	C	0.02%
	AAL	B	0.02%
	ALLE	C	0.02%
	QRVO	F	0.02%
	LSTR	D	0.02%
	CRL	D	0.02%
	NJR	A	0.02%
	MDU	D	0.02%
	KRG	B	0.02%
	VAC	C	0.02%
	ADC	A	0.02%
	HUBG	A	0.02%
	HLF	C	0.02%
	CC	C	0.02%
	MKSI	C	0.02%
	NVST	B	0.02%
	ALE	A	0.02%
	OI	C	0.02%
	MTD	F	0.02%
	PII	F	0.02%
	SLGN	A	0.02%
	NWE	B	0.02%
	FULT	A	0.02%
	ST	F	0.02%
	CXW	C	0.02%
	UHAL	D	0.02%
	PAG	B	0.02%
	DPZ	C	0.02%
	TYL	B	0.02%
	AGR	A	0.02%
	DY	D	0.02%
	DCI	B	0.02%
	VMI	B	0.02%
	PLXS	B	0.02%
	CHKP	C	0.02%
	WKC	C	0.02%
	GRAB	A	0.02%
	KBR	F	0.02%
	REZI	A	0.02%
	HRI	C	0.02%
	MIDD	C	0.02%
	HOMB	A	0.02%
	WAT	C	0.02%
	FHB	B	0.02%
	LUV	C	0.02%
	ITT	A	0.02%
	MELI	C	0.02%
	UMBF	B	0.02%
	UNFI	A	0.02%
	SAIC	F	0.02%
	TRN	B	0.02%
	SR	A	0.02%
	AVNT	B	0.02%
	PNM	B	0.02%
	SEM	B	0.02%
	BC	C	0.02%
	NVT	B	0.02%
	CW	C	0.02%
	SCCO	F	0.02%
	COLB	B	0.02%
	LYV	A	0.02%
	VRT	B	0.02%
	OGS	A	0.02%
	MAT	D	0.02%
	SEE	C	0.02%
	FL	F	0.02%
	ELS	C	0.02%
	LII	A	0.02%
	GDDY	A	0.02%
	HOG	D	0.02%
	SBAC	D	0.02%
	LITE	B	0.02%
	G	B	0.02%
	ADSK	A	0.02%
	TER	F	0.02%
	NOV	C	0.02%
	JAZZ	B	0.02%
	ATR	B	0.02%
	POST	C	0.02%
	NNN	C	0.02%
	KMPR	A	0.02%
	CUBE	C	0.02%
	EXEL	B	0.02%
	LULU	C	0.02%
	CE	F	0.02%
	AAP	D	0.02%
	IT	C	0.02%
	BXMT	C	0.02%
	OZK	B	0.02%
	INCY	C	0.02%
	CDNS	B	0.02%
	MSCI	C	0.02%
	GBCI	B	0.02%
	XPO	B	0.02%
	PRGO	C	0.02%
	FLS	B	0.02%
	FBIN	D	0.02%
	RHI	C	0.02%
	IEX	C	0.02%
	SBRA	C	0.02%
	VLTO	C	0.02%
	GME	C	0.02%
	IDA	A	0.02%
	ANSS	B	0.02%
	HIW	C	0.02%
	DEI	B	0.02%
	THG	A	0.02%
	SON	F	0.02%
	SOFI	B	0.02%
	CWK	C	0.02%
	AKAM	D	0.02%
	BKH	A	0.02%
	CIEN	C	0.02%
	POR	C	0.02%
	CSGP	D	0.02%
	AMH	C	0.02%
	ABM	B	0.02%
	HUN	F	0.02%
	ILMN	C	0.02%
	CADE	B	0.02%
	EL	F	0.02%
	EHC	B	0.02%
	UBSI	B	0.02%
	MAC	B	0.02%
	VSCO	C	0.02%
	CLH	C	0.02%
	NFG	A	0.02%
	BBWI	C	0.02%
	HII	F	0.02%
	ULTA	F	0.02%
	ONB	C	0.02%
	SSB	B	0.02%
	BIO	C	0.02%
	TGNA	B	0.02%
	AGNC	C	0.02%
	EVR	B	0.02%
	SWX	B	0.02%
	CUZ	B	0.02%
	FRT	B	0.02%
	CFR	B	0.02%
	AMN	F	0.01%
	FIVE	F	0.01%
	CNXC	F	0.01%
	HELE	C	0.01%
	CLVT	D	0.01%
	NUS	D	0.01%
	VSAT	F	0.01%
	HEI	A	0.01%
	OPCH	D	0.01%
	BGS	F	0.01%
	STNE	F	0.01%
	ZG	A	0.01%
	GTN	F	0.01%
	XP	F	0.01%
	OPEN	F	0.01%
	WSC	F	0.01%
	ODP	F	0.01%
	DXCM	C	0.01%
	SNOW	B	0.01%
	IGT	F	0.01%
	ACHC	F	0.01%
	DIOD	D	0.01%
	CRI	F	0.01%
	TROX	D	0.01%
	NSP	F	0.01%
	HPP	F	0.01%
	LGIH	F	0.01%
	CBRL	C	0.01%
	HEI	A	0.01%
	CPRI	F	0.01%
	VSTS	C	0.01%
	RLJ	C	0.01%
	UAA	C	0.01%
	XRAY	F	0.01%
	EGP	D	0.01%
	PDCO	F	0.01%
	SITE	F	0.01%
	ARI	C	0.01%
	BXC	B	0.01%
	VSH	F	0.01%
	ENOV	C	0.01%
	CSTM	F	0.01%
	AXL	C	0.01%
	W	D	0.01%
	DRH	B	0.01%
	DAN	D	0.01%
	PMT	C	0.01%
	UVV	B	0.01%
	LXP	D	0.01%
	CCS	D	0.01%
	CABO	B	0.01%
	CGNX	D	0.01%
	RYN	D	0.01%
	ASH	F	0.01%
	BMRN	F	0.01%
	ENTG	D	0.01%
	LFUS	D	0.01%
	EEFT	B	0.01%
	JBGS	F	0.01%
	THS	D	0.01%
	HTZ	C	0.01%
	UNIT	B	0.01%
	FUL	F	0.01%
	PFSI	C	0.01%
	FND	D	0.01%
	IDXX	F	0.01%
	FR	D	0.01%
	APAM	B	0.01%
	MTCH	D	0.01%
	SAIA	B	0.01%
	OKTA	C	0.01%
	NOMD	D	0.01%
	RUN	F	0.01%
	SPB	C	0.01%
	TPX	B	0.01%
	LECO	C	0.01%
	PECO	A	0.01%
	PTC	B	0.01%
	GEF	A	0.01%
	LCII	C	0.01%
	FCN	F	0.01%
	ATI	C	0.01%
	XRX	F	0.01%
	PPBI	C	0.01%
	ABNB	C	0.01%
	UCB	A	0.01%
	SBH	C	0.01%
	ESI	B	0.01%
	ABR	C	0.01%
	WH	B	0.01%
	MMS	F	0.01%
	AM	A	0.01%
	SIGI	C	0.01%
	BCO	F	0.01%
	GNTX	C	0.01%
	ALIT	C	0.01%
	WLK	D	0.01%
	RLI	A	0.01%
	STAG	D	0.01%
	ARCH	B	0.01%
	BDN	C	0.01%
	AUB	B	0.01%
	EPAM	B	0.01%
	VYX	B	0.01%
	GTLS	A	0.01%
	WERN	C	0.01%
	FTNT	C	0.01%
	IAC	F	0.01%
	RXO	D	0.01%
	TTC	C	0.01%
	SEIC	B	0.01%
	FFBC	B	0.01%
	LEG	F	0.01%
	AOS	F	0.01%
	WST	C	0.01%
	RGLD	C	0.01%
	ESGR	B	0.01%
	REXR	F	0.01%
	HE	C	0.01%
	KNF	B	0.01%
	MTN	C	0.01%
	WWD	C	0.01%
	IRT	A	0.01%
	APG	B	0.01%
	TFX	F	0.01%
	WYNN	C	0.01%
	UHAL	D	0.0%
	SEDG	F	0.0%
	SMCI	F	0.0%
	LBRDA	C	0.0%
	PARR	F	0.0%

PRF Underweight 223 Positions Relative to VFMF

	Symbol	Grade	Weight
	OFG	B	-0.64%
	FBP	C	-0.5%
	COLL	F	-0.46%
	AMAL	B	-0.39%
	KELYA	F	-0.36%
	PRDO	B	-0.34%
	EIG	B	-0.34%
	IBOC	B	-0.34%
	SCS	C	-0.32%
	CPF	B	-0.31%
	NMIH	C	-0.31%
	CASH	B	-0.3%
	NTB	B	-0.3%
	GIII	D	-0.3%
	ACT	C	-0.29%
	GFF	A	-0.29%
	SRCE	B	-0.28%
	CALM	A	-0.28%
	TK	D	-0.27%
	EAT	A	-0.26%
	TPC	C	-0.26%
	FCF	B	-0.25%
	PFBC	B	-0.25%
	WSFS	B	-0.24%
	VIRT	A	-0.23%
	DELL	B	-0.23%
	WTTR	A	-0.23%
	WFRD	D	-0.22%
	MBIN	F	-0.22%
	SIGA	F	-0.21%
	CVCO	A	-0.2%
	AX	B	-0.2%
	CAL	F	-0.2%
	AMWD	C	-0.2%
	ASC	F	-0.2%
	PPC	C	-0.2%
	CROX	D	-0.2%
	AMRX	C	-0.19%
	AHCO	F	-0.19%
	ATGE	B	-0.19%
	HWKN	B	-0.19%
	STNG	F	-0.18%
	VCTR	B	-0.18%
	PLUS	F	-0.18%
	TILE	B	-0.18%
	IMKTA	C	-0.18%
	BELFB	C	-0.18%
	REVG	C	-0.18%
	PATK	C	-0.18%
	COKE	C	-0.18%
	IESC	C	-0.18%
	CNOB	B	-0.18%
	BLX	B	-0.18%
	SKYW	C	-0.17%
	DLX	B	-0.17%
	ALKS	C	-0.17%
	PLAB	C	-0.17%
	MRC	B	-0.17%
	WMK	C	-0.16%
	BV	C	-0.16%
	STBA	B	-0.16%
	TBBK	B	-0.16%
	IDT	B	-0.16%
	FIX	A	-0.16%
	GNK	D	-0.16%
	PR	B	-0.16%
	SXC	A	-0.16%
	KTB	B	-0.15%
	DHT	F	-0.15%
	MEDP	D	-0.15%
	SCSC	C	-0.15%
	CHCO	B	-0.15%
	WABC	B	-0.14%
	DAKT	C	-0.14%
	CVLT	B	-0.14%
	ETD	C	-0.14%
	NR	B	-0.14%
	CNXN	C	-0.14%
	TNK	F	-0.14%
	MCY	A	-0.14%
	BBW	C	-0.14%
	PUMP	C	-0.14%
	LNTH	D	-0.14%
	HAFC	B	-0.13%
	SPOK	B	-0.13%
	NMRK	C	-0.13%
	INSW	F	-0.12%
	DNOW	B	-0.12%
	PTGX	D	-0.12%
	KNTK	A	-0.12%
	ROCK	C	-0.12%
	BHLB	B	-0.12%
	ZEUS	C	-0.12%
	PSTG	D	-0.12%
	CBU	B	-0.12%
	CPRX	C	-0.12%
	SSD	F	-0.12%
	CYH	F	-0.12%
	IMMR	C	-0.12%
	AGX	B	-0.12%
	SPTN	D	-0.11%
	SCHL	F	-0.11%
	EXP	B	-0.11%
	HALO	F	-0.11%
	LPG	F	-0.11%
	SBSI	C	-0.11%
	CEIX	A	-0.11%
	REX	D	-0.11%
	MATX	C	-0.11%
	ITRI	C	-0.1%
	MPWR	F	-0.1%
	GRBK	D	-0.1%
	QCRH	B	-0.1%
	WHD	B	-0.1%
	FLWS	D	-0.1%
	LRN	A	-0.1%
	VERX	A	-0.1%
	CDNA	D	-0.1%
	AZZ	A	-0.1%
	CRVL	B	-0.09%
	GRND	A	-0.09%
	APOG	C	-0.09%
	OXM	F	-0.09%
	GPOR	B	-0.09%
	WLY	B	-0.09%
	MOG.A	B	-0.09%
	DXPE	C	-0.09%
	FDP	B	-0.08%
	PSMT	D	-0.08%
	SD	D	-0.08%
	HSTM	B	-0.08%
	ACCO	C	-0.08%
	UPBD	B	-0.08%
	WMS	F	-0.07%
	DOLE	D	-0.07%
	USAP	B	-0.07%
	CNA	C	-0.07%
	DESP	B	-0.07%
	MTUS	C	-0.07%
	ZIMV	D	-0.07%
	PLPC	B	-0.07%
	EPC	F	-0.07%
	BBSI	B	-0.07%
	HIMS	B	-0.07%
	HVT	D	-0.07%
	STRL	A	-0.07%
	NTGR	B	-0.07%
	IDCC	B	-0.07%
	RES	D	-0.07%
	LZB	B	-0.07%
	FN	C	-0.06%
	NHC	C	-0.06%
	UTI	B	-0.06%
	LOPE	C	-0.06%
	GOGL	F	-0.06%
	CENTA	C	-0.06%
	JILL	C	-0.06%
	FRME	B	-0.06%
	CRUS	D	-0.06%
	HNI	B	-0.06%
	NAT	F	-0.06%
	AGM	B	-0.06%
	OSUR	F	-0.05%
	GRNT	B	-0.05%
	CLW	F	-0.05%
	NOG	B	-0.05%
	BKE	B	-0.05%
	LBRT	D	-0.05%
	UFPT	C	-0.05%
	SCVL	F	-0.05%
	NX	C	-0.05%
	SN	D	-0.05%
	ZUMZ	B	-0.05%
	SUPN	C	-0.05%
	YOU	D	-0.05%
	PRK	B	-0.05%
	MD	C	-0.05%
	ADMA	B	-0.05%
	CRS	B	-0.05%
	LQDT	B	-0.05%
	OSBC	A	-0.05%
	LYTS	B	-0.05%
	SMLR	B	-0.04%
	CTS	C	-0.04%
	HOV	D	-0.04%
	HEES	C	-0.04%
	WGO	C	-0.04%
	GOLF	B	-0.04%
	HSII	B	-0.04%
	STGW	A	-0.04%
	SXI	B	-0.04%
	KFRC	D	-0.04%
	MCRI	A	-0.04%
	MBUU	B	-0.04%
	MGY	A	-0.04%
	NSSC	D	-0.04%
	TNC	D	-0.04%
	SHOO	F	-0.04%
	PRMW	C	-0.04%
	EFSC	B	-0.04%
	CRAI	C	-0.04%
	ATEN	A	-0.03%
	UVSP	B	-0.03%
	BSIG	A	-0.03%
	STRA	C	-0.03%
	PRLB	B	-0.03%
	MOV	D	-0.03%
	CCRN	F	-0.03%
	HFWA	C	-0.03%
	BRY	F	-0.03%
	EPAC	C	-0.03%
	TPL	A	-0.03%
	TCBK	C	-0.03%
	WNC	C	-0.03%
	DDS	B	-0.03%
	INGN	C	-0.02%
	VRA	C	-0.02%
	RGP	F	-0.02%
	BUSE	B	-0.02%
	PEBO	B	-0.02%
	SB	F	-0.02%
	ADTN	A	-0.02%
	MBWM	B	-0.02%

PRF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Utilities - Regulated Electric Software - Application Asset Management Oil & Gas E&P 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

VFMF: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Specialty Retail Residential Construction Shipping & Ports Asset Management Building Materials Oil & Gas Equipment & Services Apparel Manufacturing Credit Services Diversified Industrials Apparel Stores Business Services Electronic Components Software - Application Steel Banks - Global Biotechnology Education & Training Services Engineering & Construction

Keywords: S&P 500 Bank Banking Deposit Products Insurance Clothing Computing Construction Mining Natural Gas Nasdaq 100 Aerospace Building Materials Chemical Retail Store Commercial Banking Electronics Fashion Insurance Products Investment Management