PRFZ vs. FBUF ETF Comparison

Comparison of PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ) to Fidelity Dynamic Buffered Equity ETF (FBUF)

PRFZ

PowerShares FTSE RAFI US 1500 Small-Mid Portfolio

PRFZ Description

The PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (Fund) is based on the FTSE RAFI US 1500 Small-Mid 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 small and medium-sized US companies. Companies are selected based on the following four fundamental measures of size: book value, cash flow, sales and dividends. Each of the equities with a fundamental weight ranking of 1,001 to 2,500 is then selected and assigned a weight equal to its fundamental weight. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$43.18

Average Daily Volume

79,033

Number of Holdings ^*

1367

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.27

Average Daily Volume

4,724

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	PRFZ	FBUF
30 Days	2.08%	1.34%
60 Days	4.02%	3.83%
90 Days	6.93%	5.47%
12 Months	29.55%

13 Overlapping Holdings

Symbol	Grade	Weight in PRFZ	Weight in FBUF	Overlap
ALRM	C	0.04%	0.19%	0.04%
ANET	C	0.04%	0.07%	0.04%
ANF	C	0.18%	0.42%	0.18%
CRUS	F	0.19%	0.16%	0.16%
CVNA	A	0.55%	0.52%	0.52%
DBX	C	0.06%	0.54%	0.06%
DOCU	B	0.12%	0.1%	0.1%
LYFT	C	0.1%	0.09%	0.09%
MEDP	D	0.06%	0.33%	0.06%
NBIX	C	0.12%	0.07%	0.07%
PEGA	B	0.02%	0.02%	0.02%
SKYW	B	0.12%	0.31%	0.12%
TDC	D	0.09%	0.35%	0.09%

PRFZ Overweight 1354 Positions Relative to FBUF

Symbol	Grade	Weight
APP	A	0.51%
EBS	C	0.37%
CRS	A	0.36%
EAT	A	0.36%
COMM	D	0.34%
TPL	A	0.33%
PRIM	A	0.32%
VIRT	A	0.31%
PLTR	A	0.29%
SATS	C	0.27%
ACIW	B	0.27%
GVA	A	0.26%
ATGE	B	0.26%
PFS	B	0.26%
CNK	A	0.25%
FIX	A	0.25%
HTLF	B	0.24%
PDM	D	0.24%
ENVA	B	0.24%
ATSG	A	0.24%
PBI	B	0.24%
CEIX	A	0.23%
PIPR	B	0.23%
CBU	B	0.23%
GTES	A	0.23%
MD	C	0.23%
ICUI	D	0.23%
NU	C	0.23%
BDC	B	0.22%
KAR	A	0.22%
EBC	B	0.22%
PPC	B	0.22%
WWW	A	0.22%
CALM	A	0.22%
MOG.A	B	0.22%
TTEK	F	0.21%
BOH	B	0.21%
AX	B	0.21%
GBX	B	0.21%
NCLH	B	0.21%
WAFD	B	0.21%
HLI	B	0.21%
GLNG	D	0.21%
KTB	A	0.21%
ITRI	B	0.21%
KFY	B	0.21%
BANR	B	0.21%
VSTO	A	0.21%
RBC	A	0.2%
BGC	C	0.2%
EXP	B	0.2%
NYT	D	0.2%
EAF	B	0.2%
CVBF	B	0.2%
MKTX	D	0.19%
GMED	A	0.19%
DNB	B	0.19%
NHI	D	0.19%
CLOV	D	0.19%
SAH	B	0.19%
SUM	B	0.19%
SMTC	C	0.19%
WD	D	0.19%
IBOC	B	0.19%
TTD	B	0.19%
IBTX	B	0.19%
ACA	A	0.19%
SN	D	0.19%
HHH	B	0.18%
ROL	B	0.18%
FRME	B	0.18%
ENR	B	0.18%
HL	C	0.18%
AKR	A	0.18%
VVV	D	0.18%
MGY	A	0.18%
STC	B	0.18%
MPWR	F	0.18%
AY	A	0.18%
SCSC	B	0.18%
FICO	B	0.18%
WSFS	B	0.18%
NWBI	B	0.18%
ADTN	A	0.18%
BNL	D	0.18%
BHE	B	0.18%
AMRK	F	0.18%
PRG	C	0.18%
OMCL	C	0.18%
ITGR	B	0.18%
FN	B	0.18%
OLLI	D	0.18%
HOPE	B	0.18%
TRMK	B	0.18%
TW	A	0.17%
DOLE	D	0.17%
AROC	A	0.17%
RNST	B	0.17%
COKE	C	0.17%
UPBD	C	0.17%
HNI	B	0.17%
AHCO	D	0.17%
SXT	C	0.17%
KW	B	0.17%
SPR	D	0.17%
EPRT	A	0.17%
LRN	A	0.17%
PATK	D	0.17%
STRL	A	0.17%
BILL	B	0.17%
FBP	B	0.17%
MCY	B	0.17%
MOD	A	0.17%
NTB	B	0.16%
DORM	B	0.16%
MTX	C	0.16%
HGV	C	0.16%
FFIN	B	0.16%
WTM	A	0.16%
PINS	F	0.16%
WEN	C	0.16%
LADR	B	0.16%
BFAM	F	0.16%
FTDR	B	0.16%
FDP	B	0.16%
GIII	D	0.16%
SKY	A	0.16%
ENSG	D	0.16%
B	A	0.16%
CDE	C	0.16%
TOWN	B	0.16%
CYH	F	0.16%
LC	B	0.16%
WOOF	D	0.16%
MGEE	A	0.16%
AWI	B	0.16%
UE	A	0.16%
NWN	A	0.15%
MRCY	C	0.15%
SSD	D	0.15%
PSN	C	0.15%
EXAS	D	0.15%
MASI	B	0.15%
SHO	D	0.15%
NEOG	D	0.15%
ROKU	D	0.15%
SKT	A	0.15%
PGRE	D	0.15%
KALU	C	0.15%
NMIH	D	0.15%
BKD	F	0.15%
PTON	C	0.15%
TPC	C	0.15%
ROIC	A	0.15%
SBLK	F	0.15%
IBKR	A	0.15%
COMP	B	0.15%
LILAK	F	0.15%
BV	C	0.15%
AMED	F	0.15%
SNEX	B	0.15%
TECH	F	0.15%
XHR	B	0.15%
PRK	B	0.15%
PBH	A	0.15%
SNDR	B	0.15%
ORA	B	0.15%
NMRK	B	0.14%
PANW	B	0.14%
NGVT	C	0.14%
MRC	B	0.14%
CWEN	C	0.14%
KREF	D	0.14%
AGRO	C	0.14%
NSA	C	0.14%
GWRE	A	0.14%
DAY	B	0.14%
CRGY	A	0.14%
CFFN	B	0.14%
HMN	B	0.14%
WFRD	F	0.14%
AMWD	C	0.14%
PAYC	B	0.14%
MWA	B	0.14%
COLM	B	0.14%
CHX	C	0.14%
CVCO	A	0.14%
EXLS	B	0.14%
WMK	B	0.14%
TALO	C	0.14%
CAKE	B	0.14%
WGO	D	0.14%
PRM	B	0.14%
ALK	A	0.14%
CENTA	C	0.14%
KLG	D	0.14%
CROX	F	0.14%
MATV	F	0.14%
GDOT	D	0.14%
LAUR	A	0.14%
NBR	D	0.14%
H	B	0.14%
SASR	B	0.14%
UNF	B	0.14%
ECPG	C	0.14%
PSMT	D	0.14%
HQY	A	0.14%
NBTB	B	0.14%
SFBS	B	0.14%
BOOT	D	0.14%
AFRM	A	0.13%
AXON	A	0.13%
WMS	F	0.13%
IDCC	B	0.13%
FELE	B	0.13%
CHDN	C	0.13%
FCF	B	0.13%
CHE	F	0.13%
EFSC	B	0.13%
DEA	D	0.13%
MMSI	A	0.13%
JBT	A	0.13%
RDNT	B	0.13%
RYAM	C	0.13%
GLOB	C	0.13%
LZB	B	0.13%
NTCT	C	0.13%
WSBC	B	0.13%
CNNE	B	0.13%
PR	B	0.13%
OCFC	B	0.13%
CWT	C	0.13%
CNA	C	0.13%
IVT	A	0.13%
LOPE	B	0.13%
HXL	F	0.13%
OTTR	C	0.13%
CCOI	B	0.13%
VBTX	B	0.13%
ELME	D	0.13%
HTH	B	0.13%
BZH	C	0.13%
SABR	B	0.13%
OII	B	0.13%
SCS	B	0.13%
BKE	B	0.13%
IPGP	D	0.13%
PLUS	F	0.13%
VRSN	F	0.13%
TLRY	F	0.12%
TILE	B	0.12%
NNI	D	0.12%
NEU	D	0.12%
RYI	C	0.12%
AGX	B	0.12%
MORN	B	0.12%
IRDM	F	0.12%
HASI	F	0.12%
IIPR	F	0.12%
DAC	B	0.12%
PEB	F	0.12%
EPC	F	0.12%
DNOW	B	0.12%
WTS	B	0.12%
HEES	C	0.12%
SNBR	F	0.12%
STRA	C	0.12%
CRK	A	0.12%
STNG	D	0.12%
SFL	D	0.12%
RHP	B	0.12%
AAT	A	0.12%
HAE	C	0.12%
EQC	A	0.12%
VC	F	0.12%
DLB	F	0.12%
IMKTA	C	0.12%
ALEX	B	0.12%
TRNO	D	0.12%
LBRT	F	0.12%
STBA	B	0.12%
MSA	D	0.12%
SHOO	D	0.12%
ONTO	F	0.11%
FCPT	C	0.11%
GO	C	0.11%
RC	D	0.11%
IOSP	C	0.11%
BLMN	F	0.11%
CWH	C	0.11%
EMBC	D	0.11%
HOV	D	0.11%
ESRT	C	0.11%
OFG	B	0.11%
NBHC	B	0.11%
KLIC	C	0.11%
CUBI	C	0.11%
CACC	F	0.11%
MYRG	C	0.11%
HAYW	B	0.11%
SGRY	F	0.11%
CNS	B	0.11%
APOG	B	0.11%
HLX	C	0.11%
EIG	B	0.11%
AMSF	B	0.11%
VIAV	C	0.11%
TNET	F	0.11%
RWT	D	0.11%
ZWS	B	0.11%
DCOM	A	0.11%
AZEK	B	0.11%
SCL	D	0.11%
HZO	F	0.11%
PSTG	F	0.11%
ZD	B	0.11%
GNL	D	0.11%
EGBN	B	0.11%
MIR	A	0.1%
BHLB	B	0.1%
MGRC	B	0.1%
NHC	B	0.1%
SYNA	D	0.1%
NOG	B	0.1%
CODI	B	0.1%
BRKL	B	0.1%
AWR	A	0.1%
SPTN	F	0.1%
SXC	A	0.1%
SMPL	B	0.1%
FBK	B	0.1%
TPG	A	0.1%
AGIO	C	0.1%
ESE	B	0.1%
PAGS	F	0.1%
BCPC	B	0.1%
ICFI	F	0.1%
NTGR	A	0.1%
CENX	B	0.1%
NPO	A	0.1%
UCTT	F	0.1%
CCO	D	0.1%
BANF	B	0.1%
AMC	D	0.1%
UIS	C	0.1%
GCI	D	0.1%
BRSP	C	0.1%
PTEN	C	0.1%
OLED	F	0.1%
CORT	C	0.1%
LANC	D	0.1%
AZTA	F	0.1%
MODG	F	0.1%
PRDO	B	0.1%
DLX	B	0.1%
HAIN	D	0.1%
HI	C	0.1%
PRAA	C	0.1%
FSS	B	0.1%
SBCF	B	0.1%
CASH	B	0.1%
GFS	C	0.1%
AEIS	B	0.1%
HCSG	C	0.1%
BRBR	A	0.09%
LIVN	D	0.09%
PODD	B	0.09%
MNRO	C	0.09%
SAM	C	0.09%
AIR	B	0.09%
BALY	A	0.09%
AVNS	F	0.09%
VRE	A	0.09%
CWST	A	0.09%
COTY	F	0.09%
TRTX	B	0.09%
CNSL	B	0.09%
TOST	A	0.09%
CBZ	B	0.09%
SJW	F	0.09%
DHT	D	0.09%
TMP	B	0.09%
RCM	A	0.09%
PRA	B	0.09%
PLNT	A	0.09%
DT	C	0.09%
CMRE	B	0.09%
AIN	C	0.09%
WTTR	A	0.09%
FBRT	C	0.09%
SBSI	B	0.09%
VRTS	B	0.09%
AMCX	C	0.09%
ENV	B	0.09%
FWRD	D	0.09%
SUPN	B	0.09%
LTC	B	0.09%
DBRG	F	0.09%
ROG	D	0.09%
CTRE	C	0.09%
AZZ	A	0.09%
HAFC	B	0.09%
SAFT	B	0.09%
ASIX	C	0.09%
ROAD	A	0.09%
JBLU	F	0.09%
FBNC	B	0.09%
BUSE	B	0.09%
IBP	F	0.09%
SGBX	F	0.09%
CARG	B	0.09%
PUMP	D	0.09%
OSIS	A	0.09%
CPK	A	0.09%
YETI	D	0.09%
PFC	B	0.08%
OPK	B	0.08%
VIR	F	0.08%
KOP	C	0.08%
CXT	C	0.08%
PRGS	B	0.08%
DDS	B	0.08%
GFF	B	0.08%
TRS	B	0.08%
NIC	B	0.08%
SLAB	F	0.08%
ROCK	D	0.08%
CHCO	B	0.08%
AMRC	F	0.08%
UVSP	B	0.08%
TREX	D	0.08%
RNA	C	0.08%
ADUS	D	0.08%
UPST	B	0.08%
CPF	B	0.08%
NVRI	F	0.08%
VTOL	B	0.08%
IESC	A	0.08%
HSII	B	0.08%
DXPE	B	0.08%
HURN	B	0.08%
HLIO	C	0.08%
CHEF	B	0.08%
WABC	B	0.08%
JJSF	C	0.08%
KTOS	C	0.08%
AGM	B	0.08%
KN	B	0.08%
EXPO	D	0.08%
CLB	C	0.08%
CSR	A	0.08%
PLUG	F	0.08%
TCBK	B	0.08%
STEP	B	0.08%
GRBK	D	0.08%
CRWD	B	0.08%
CSGS	B	0.08%
RGEN	F	0.08%
CNDT	D	0.08%
TFIN	B	0.08%
SYBT	B	0.08%
CMPR	F	0.08%
BSY	D	0.08%
IART	C	0.08%
FRPT	A	0.08%
KOS	D	0.08%
MATX	B	0.08%
EVRI	A	0.08%
CHH	A	0.08%
CSWI	A	0.08%
BRKR	F	0.08%
HFWA	B	0.08%
CNOB	B	0.08%
U	F	0.08%
CPS	C	0.07%
LNTH	F	0.07%
MTUS	D	0.07%
PZZA	F	0.07%
SXI	B	0.07%
MTRN	C	0.07%
VAL	F	0.07%
LKFN	B	0.07%
SMP	C	0.07%
KRNT	B	0.07%
VMEO	C	0.07%
PLAB	D	0.07%
SRCE	B	0.07%
MBUU	C	0.07%
MP	C	0.07%
CVI	D	0.07%
RDUS	C	0.07%
CDNA	D	0.07%
YELP	C	0.07%
ACCO	B	0.07%
KODK	B	0.07%
DHC	F	0.07%
DDOG	A	0.07%
GOLF	B	0.07%
HALO	F	0.07%
OEC	C	0.07%
AOSL	C	0.07%
ECVT	C	0.07%
ZUMZ	C	0.07%
AAON	B	0.07%
AVAV	C	0.07%
POWI	D	0.07%
VTLE	C	0.07%
MTW	C	0.07%
REVG	B	0.07%
ONON	B	0.07%
AMBC	C	0.07%
EYE	C	0.07%
WING	D	0.07%
DCO	B	0.07%
DNLI	C	0.07%
NXRT	A	0.07%
RRR	F	0.07%
QTWO	B	0.07%
RKT	F	0.07%
ZI	D	0.07%
RGR	F	0.07%
GTY	A	0.07%
LGND	C	0.07%
INVA	C	0.07%
HUBS	B	0.07%
KWR	D	0.07%
CAL	F	0.07%
HWKN	B	0.07%
GCO	C	0.07%
DKNG	B	0.07%
KAI	B	0.07%
ASTH	F	0.07%
SIRI	D	0.07%
WASH	B	0.07%
MTSI	B	0.07%
VCTR	B	0.07%
MATW	C	0.07%
WHD	B	0.07%
NOVT	D	0.07%
TBBK	B	0.07%
GSL	F	0.07%
THRM	F	0.07%
GLDD	B	0.07%
PEBO	B	0.07%
QCRH	B	0.07%
BLKB	B	0.07%
BSIG	A	0.07%
VCYT	B	0.07%
CNMD	C	0.07%
REYN	D	0.07%
NTRA	A	0.07%
HLNE	A	0.07%
GNK	D	0.07%
WOW	C	0.07%
BMI	C	0.07%
SPNT	A	0.07%
FORM	F	0.07%
FMBH	B	0.06%
SVC	F	0.06%
KFRC	D	0.06%
CCSI	C	0.06%
PKST	F	0.06%
TEAM	A	0.06%
TREE	F	0.06%
INFN	D	0.06%
EXTR	C	0.06%
BBSI	B	0.06%
FFWM	C	0.06%
WOR	F	0.06%
FBMS	B	0.06%
KRNY	B	0.06%
KELYA	F	0.06%
PRLB	C	0.06%
NEO	C	0.06%
ASTE	C	0.06%
UVE	A	0.06%
ENPH	F	0.06%
ALG	C	0.06%
ETD	D	0.06%
SCHL	F	0.06%
PTVE	B	0.06%
FOXF	F	0.06%
HBNC	B	0.06%
SENEA	A	0.06%
INSW	F	0.06%
PJT	B	0.06%
OBK	B	0.06%
JACK	D	0.06%
VSEC	B	0.06%
SONO	C	0.06%
UTL	C	0.06%
TEN	F	0.06%
AMRX	C	0.06%
MGNI	A	0.06%
OXM	F	0.06%
DFIN	D	0.06%
LXFR	B	0.06%
TDOC	D	0.06%
TRUP	B	0.06%
RYAN	B	0.06%
TPIC	F	0.06%
FLGT	F	0.06%
DRVN	B	0.06%
SNDL	F	0.06%
HTBK	B	0.06%
SITM	B	0.06%
MANH	D	0.06%
MRTN	C	0.06%
CMP	C	0.06%
CVLT	B	0.06%
TNC	F	0.06%
RXT	C	0.06%
GABC	B	0.06%
MLR	C	0.06%
RDFN	D	0.06%
FNKO	D	0.06%
ALKS	C	0.06%
WNC	D	0.06%
PFBC	B	0.06%
MXL	C	0.05%
TNDM	F	0.05%
PLOW	D	0.05%
TSE	F	0.05%
GPRE	F	0.05%
PCVX	D	0.05%
MERC	F	0.05%
KE	C	0.05%
MCS	B	0.05%
FG	B	0.05%
HTLD	B	0.05%
CALX	D	0.05%
AHH	D	0.05%
SFIX	B	0.05%
CBL	A	0.05%
LGF.A	F	0.05%
TKO	A	0.05%
GES	F	0.05%
IHRT	B	0.05%
CMTG	D	0.05%
OSCR	C	0.05%
ACLS	F	0.05%
JBSS	F	0.05%
KNSL	B	0.05%
TRIP	F	0.05%
CVGW	D	0.05%
EGY	F	0.05%
EXPI	C	0.05%
ORRF	B	0.05%
GPOR	A	0.05%
SHYF	C	0.05%
VREX	C	0.05%
CTBI	B	0.05%
NR	C	0.05%
WRLD	D	0.05%
EVH	F	0.05%
LXU	C	0.05%
THRY	F	0.05%
MRVI	F	0.05%
CAC	B	0.05%
NVEE	F	0.05%
EPAC	B	0.05%
PRVA	C	0.05%
PGC	A	0.05%
ICHR	C	0.05%
DBI	F	0.05%
RKLB	B	0.05%
WSR	A	0.05%
DIN	C	0.05%
NWPX	A	0.05%
HY	D	0.05%
CFB	C	0.05%
CRAI	B	0.05%
CRSP	D	0.05%
CYBR	A	0.05%
IBCP	B	0.05%
NX	C	0.05%
PEN	B	0.05%
CCRN	F	0.05%
LPG	F	0.05%
SCVL	F	0.05%
GOOD	A	0.05%
ACRE	B	0.05%
SWBI	C	0.05%
COHU	D	0.05%
LOB	C	0.05%
FOUR	A	0.05%
ETSY	D	0.05%
MBWM	B	0.05%
TBI	F	0.05%
CMCO	C	0.05%
CNXN	D	0.05%
SHAK	C	0.05%
CWEN	C	0.05%
IPI	B	0.05%
TGI	A	0.05%
PLYA	B	0.05%
NTNX	B	0.05%
BRY	F	0.05%
RVMD	B	0.05%
PAYO	A	0.05%
VRRM	F	0.05%
UMH	A	0.05%
BANC	B	0.05%
MMI	B	0.05%
XPRO	F	0.05%
MCB	B	0.05%
PCTY	B	0.05%
ETWO	F	0.05%
S	B	0.05%
PAHC	B	0.05%
POWL	C	0.05%
WDFC	B	0.05%
CTS	C	0.05%
VRNT	D	0.05%
DX	A	0.05%
ARCO	F	0.05%
GEVO	D	0.05%
DOCS	C	0.05%
TRST	B	0.05%
RVLV	B	0.05%
NFBK	B	0.05%
EVTC	B	0.05%
CLW	F	0.05%
PLMR	A	0.04%
ONEW	F	0.04%
EE	A	0.04%
OLP	A	0.04%
LCID	F	0.04%
RIOT	C	0.04%
OSBC	B	0.04%
VRNS	D	0.04%
FOR	F	0.04%
NRIX	C	0.04%
BMBL	C	0.04%
NTST	D	0.04%
TIPT	B	0.04%
AMBA	B	0.04%
AROW	B	0.04%
MSBI	B	0.04%
PCRX	C	0.04%
HMST	D	0.04%
VZIO	A	0.04%
CTO	B	0.04%
DGII	B	0.04%
COLL	F	0.04%
IPAR	C	0.04%
ZEUS	C	0.04%
UFCS	A	0.04%
SGHC	A	0.04%
AMTB	C	0.04%
USPH	C	0.04%
PNTG	D	0.04%
CSV	B	0.04%
VNDA	C	0.04%
SB	D	0.04%
AORT	B	0.04%
BE	A	0.04%
CIO	F	0.04%
EFC	C	0.04%
MMYT	B	0.04%
WOLF	F	0.04%
IRBT	F	0.04%
LILA	F	0.04%
INMD	C	0.04%
FA	D	0.04%
LOCO	D	0.04%
TWST	F	0.04%
GMRE	F	0.04%
IIIN	D	0.04%
FLIC	B	0.04%
FF	F	0.04%
RAMP	C	0.04%
UFPT	C	0.04%
MYGN	F	0.04%
GRC	B	0.04%
WIX	A	0.04%
IDT	B	0.04%
ZETA	D	0.04%
MTRX	B	0.04%
NVAX	F	0.04%
MCRI	A	0.04%
FFIC	B	0.04%
MEI	F	0.04%
USNA	C	0.04%
FIZZ	C	0.04%
SMAR	A	0.04%
ALHC	C	0.04%
MQ	F	0.04%
OFIX	B	0.04%
HVT	D	0.04%
LSCC	D	0.04%
IONS	F	0.04%
IMAX	A	0.04%
BY	B	0.04%
HCP	B	0.04%
THR	B	0.04%
DAKT	B	0.04%
CLDT	C	0.04%
JRVR	F	0.04%
RPAY	D	0.04%
THFF	B	0.04%
GKOS	A	0.04%
AVO	B	0.04%
NCNO	B	0.04%
REX	D	0.04%
QNST	C	0.04%
QLYS	C	0.04%
DNUT	F	0.04%
SPSC	F	0.04%
KRO	F	0.04%
TDW	F	0.04%
MSTR	A	0.04%
PLAY	D	0.04%
MSEX	B	0.04%
LMND	A	0.04%
GDEN	B	0.04%
AIV	C	0.04%
WT	A	0.04%
DHIL	A	0.04%
ZIMV	F	0.04%
RMBS	C	0.04%
BJRI	C	0.04%
TITN	D	0.04%
TPB	A	0.04%
EBF	D	0.04%
MSGE	F	0.04%
OIS	C	0.04%
RBLX	B	0.04%
RNG	C	0.04%
LNN	B	0.04%
LMB	A	0.04%
MSGS	B	0.03%
JOE	F	0.03%
MNDY	D	0.03%
ADPT	C	0.03%
ELF	C	0.03%
FMNB	B	0.03%
SGMO	C	0.03%
SMBK	B	0.03%
LGF.A	F	0.03%
ITRN	B	0.03%
ITOS	F	0.03%
UTZ	D	0.03%
RBBN	B	0.03%
AGL	F	0.03%
DOUG	B	0.03%
MX	F	0.03%
HIMS	C	0.03%
LFST	C	0.03%
QS	D	0.03%
PKOH	B	0.03%
OSPN	B	0.03%
FARO	B	0.03%
INSP	F	0.03%
NUVB	C	0.03%
RDWR	B	0.03%
RNW	D	0.03%
LOVE	A	0.03%
GIC	F	0.03%
ANGO	C	0.03%
WLDN	C	0.03%
RBB	B	0.03%
LESL	C	0.03%
AXNX	A	0.03%
TWI	F	0.03%
DSX	F	0.03%
LE	D	0.03%
NKTR	F	0.03%
NBN	B	0.03%
HCKT	B	0.03%
FPI	A	0.03%
CERT	F	0.03%
QRTEA	F	0.03%
NAPA	A	0.03%
XENE	D	0.03%
TBRG	A	0.03%
KRYS	C	0.03%
CAAP	A	0.03%
SMBC	B	0.03%
HLIT	D	0.03%
TG	C	0.03%
BBW	B	0.03%
MYE	F	0.03%
QURE	C	0.03%
NPK	C	0.03%
SRPT	F	0.03%
MODV	D	0.03%
HRTG	C	0.03%
BMRC	A	0.03%
SPWH	F	0.03%
ORGN	D	0.03%
CCBG	B	0.03%
STGW	B	0.03%
ALGT	C	0.03%
AMPH	F	0.03%
ATRC	C	0.03%
VECO	F	0.03%
CRMT	F	0.03%
SWIM	D	0.03%
AI	B	0.03%
BFC	B	0.03%
NTLA	F	0.03%
DDD	C	0.03%
RILY	F	0.03%
REPL	C	0.03%
IGIC	A	0.03%
RES	F	0.03%
HIFS	B	0.03%
SKWD	A	0.03%
ACVA	A	0.03%
SSTK	F	0.03%
ASC	D	0.03%
PAR	A	0.03%
UHT	D	0.03%
PCOR	C	0.03%
LMAT	A	0.03%
ALX	D	0.03%
ALNY	D	0.03%
XNCR	B	0.03%
AUR	C	0.03%
TTI	B	0.03%
NGVC	A	0.03%
CRVL	A	0.03%
RMAX	D	0.03%
CCB	A	0.03%
FISI	B	0.03%
AMAL	B	0.03%
MCFT	C	0.03%
BAND	D	0.03%
RGP	F	0.03%
VVI	B	0.03%
BOX	B	0.03%
GPRO	F	0.03%
BLBD	F	0.03%
CPRX	C	0.03%
PETS	C	0.03%
PCT	C	0.03%
MDB	C	0.03%
EHTH	C	0.03%
BPMC	C	0.03%
ACMR	F	0.03%
EQBK	B	0.03%
RBCAA	B	0.03%
ADV	C	0.03%
BFS	C	0.03%
OPI	F	0.03%
PLCE	C	0.03%
HONE	B	0.03%
GSM	C	0.03%
REI	F	0.03%
MED	F	0.03%
TGLS	B	0.03%
GPMT	B	0.03%
AGS	A	0.03%
FLWS	F	0.03%
HAYN	A	0.03%
NAT	F	0.03%
CCNE	B	0.03%
NVGS	C	0.03%
ALTR	B	0.03%
ITCI	B	0.03%
CLNE	F	0.03%
CARS	C	0.03%
TFSL	A	0.03%
GSBC	B	0.03%
APEI	B	0.03%
PACK	C	0.03%
RMR	F	0.03%
NVCR	D	0.03%
SSYS	C	0.03%
DVAX	C	0.03%
FCBC	B	0.03%
SHC	F	0.03%
WTI	F	0.03%
BW	C	0.03%
NET	B	0.03%
PLYM	F	0.03%
PATH	C	0.03%
ARKO	D	0.03%
BFST	B	0.03%
SHEN	F	0.03%
USAP	A	0.03%
GPRK	C	0.03%
ILPT	D	0.03%
FVRR	B	0.02%
ASPN	F	0.02%
RM	D	0.02%
DV	C	0.02%
SLQT	B	0.02%
PKE	C	0.02%
FROG	C	0.02%
LYEL	F	0.02%
DOCN	D	0.02%
STHO	F	0.02%
IBEX	A	0.02%
CRSR	D	0.02%
ESQ	B	0.02%
ARRY	F	0.02%
FRBA	C	0.02%
YEXT	B	0.02%
SPOK	B	0.02%
YOU	D	0.02%
TRC	F	0.02%
PINE	D	0.02%
IIIV	B	0.02%
RLAY	F	0.02%
RCKY	F	0.02%
GCMG	A	0.02%
IRWD	F	0.02%
LPRO	C	0.02%
LQDT	A	0.02%
BOC	D	0.02%
TSVT	F	0.02%
KYMR	C	0.02%
FSTR	B	0.02%
NABL	F	0.02%
FOSL	C	0.02%
PLPC	B	0.02%
CTKB	C	0.02%
VRA	D	0.02%
GTLB	B	0.02%
RELL	B	0.02%
MCW	C	0.02%
LASR	D	0.02%
HOFT	C	0.02%
UTI	A	0.02%
AFYA	F	0.02%
NEWT	B	0.02%
DGICA	A	0.02%
FUNC	A	0.02%
JAMF	F	0.02%
FLYW	B	0.02%
DXLG	D	0.02%
GTX	F	0.02%
AFCG	D	0.02%
ERII	D	0.02%
MITT	D	0.02%
YORW	D	0.02%
BHR	C	0.02%
VLGEA	C	0.02%
MCBS	B	0.02%
VPG	F	0.02%
OPRT	B	0.02%
CEVA	B	0.02%
GDYN	C	0.02%
ARTNA	F	0.02%
MEG	F	0.02%
ZS	B	0.02%
NARI	C	0.02%
NOVA	F	0.02%
MLNK	C	0.02%
CZFS	A	0.02%
TTGT	B	0.02%
LGTY	B	0.02%
ANIP	D	0.02%
FUBO	F	0.02%
PL	A	0.02%
GRPN	F	0.02%
OLO	B	0.02%
INFA	D	0.02%
UNTY	B	0.02%
CDMO	A	0.02%
LMNR	C	0.02%
ESTC	C	0.02%
MEC	F	0.02%
SBR	B	0.02%
RRGB	C	0.02%
SEER	B	0.02%
JAKK	C	0.02%
RMBL	B	0.02%
MPB	B	0.02%
RLGT	B	0.02%
HCI	C	0.02%
DCGO	B	0.02%
CRNX	C	0.02%
OSW	B	0.02%
HNRG	B	0.02%
ALTO	F	0.02%
LINC	C	0.02%
BLFS	C	0.02%
HSTM	A	0.02%
SPFI	B	0.02%
CFLT	B	0.02%
AKRO	C	0.02%
TENB	D	0.02%
NGS	A	0.02%
PYCR	C	0.02%
CLBK	C	0.02%
MOFG	B	0.02%
HCAT	C	0.02%
WSBF	B	0.02%
JOUT	F	0.02%
PANL	F	0.02%
MUX	D	0.02%
IREN	C	0.02%
NECB	B	0.02%
MGPI	F	0.02%
PUBM	C	0.02%
HEAR	C	0.02%
ATEN	A	0.02%
SGC	C	0.02%
ATNI	F	0.02%
RARE	F	0.02%
PTCT	C	0.02%
SAVE	F	0.02%
DESP	A	0.02%
GENI	B	0.02%
ASRT	D	0.02%
ALTG	C	0.02%
PTLO	F	0.02%
RCUS	F	0.02%
ARLO	C	0.02%
VITL	D	0.02%
CGNT	C	0.02%
BEAM	C	0.02%
FIGS	F	0.02%
FRST	B	0.02%
CARE	B	0.02%
CTRN	F	0.02%
VICR	C	0.02%
MOV	D	0.02%
SD	F	0.02%
NRIM	A	0.02%
REAL	B	0.02%
ATRO	F	0.02%
ROIV	D	0.02%
CSTL	C	0.02%
BARK	C	0.02%
LYTS	A	0.02%
FSLY	F	0.02%
LSEA	F	0.02%
TWKS	B	0.02%
FRHC	A	0.02%
GASS	D	0.02%
ALRS	C	0.02%
SHBI	B	0.02%
FRSH	C	0.02%
ULH	B	0.02%
EGHT	C	0.02%
MLAB	F	0.02%
IMXI	B	0.02%
HTBI	A	0.02%
GLBE	A	0.02%
INGN	C	0.02%
DENN	D	0.02%
WRBY	A	0.02%
AUPH	C	0.02%
STAA	F	0.02%
IOVA	F	0.02%
RNGR	A	0.02%
FSP	C	0.02%
LAND	F	0.02%
FLXS	B	0.02%
ACNB	B	0.02%
SFST	B	0.02%
APPS	F	0.02%
SIGA	F	0.02%
SSP	F	0.02%
CVEO	D	0.02%
DUOL	A	0.02%
MBIN	F	0.02%
SWI	B	0.02%
ACEL	C	0.02%
UPWK	C	0.02%
BELFB	C	0.02%
BWB	B	0.02%
DFH	F	0.02%
CECO	C	0.02%
CASS	B	0.02%
INBK	B	0.02%
ALGM	F	0.02%
GLRE	B	0.02%
CHCT	C	0.02%
BHB	B	0.02%
AMPS	C	0.01%
INDI	C	0.01%
NDLS	F	0.01%
ARCT	F	0.01%
DLO	C	0.01%
FATE	F	0.01%
NOTV	D	0.01%
EDIT	F	0.01%
BPT	F	0.01%
DH	F	0.01%
FCEL	B	0.01%
PRTS	C	0.01%
ACCD	F	0.01%
RXRX	D	0.01%
KLXE	C	0.01%
SEG	B	0.01%
AVNW	F	0.01%
LPSN	F	0.01%
NINE	C	0.01%
VERV	D	0.01%
HDSN	F	0.01%
POWW	D	0.01%
PBPB	C	0.01%
PRPL	F	0.01%
NVRO	F	0.01%
BRZE	C	0.01%
IDYA	F	0.01%
CYRX	F	0.01%
CLDX	F	0.01%
BBCP	F	0.01%
NRC	F	0.01%
RCKT	F	0.01%
LCUT	F	0.01%
NFE	F	0.01%
CVGI	F	0.01%
UPLD	B	0.01%
CXM	C	0.01%
CRNC	F	0.01%
MYPS	C	0.01%
CCCC	F	0.01%
CHPT	F	0.01%
MITK	D	0.01%
ENVX	F	0.01%
CDLX	D	0.01%
ARVN	F	0.01%
RPD	C	0.01%
FET	D	0.01%
ONTF	C	0.01%
SDGR	C	0.01%
FOLD	F	0.01%
CWCO	C	0.01%
KOD	B	0.01%
GROY	F	0.01%
JOBY	B	0.01%
SHLS	F	0.01%
AAOI	A	0.01%
IHS	D	0.01%
OABI	D	0.01%
NNBR	C	0.01%
ALLO	F	0.01%
QTRX	D	0.01%
PGNY	F	0.01%
MPAA	B	0.01%
WK	C	0.01%
METC	C	0.01%
PACB	D	0.01%
VTYX	F	0.01%
TLYS	F	0.01%
BWMX	F	0.01%
XPEL	C	0.01%
NATR	B	0.01%
TH	C	0.01%
FC	F	0.01%
SKLZ	D	0.01%
CGEM	F	0.01%
TXG	F	0.01%
MVBF	C	0.01%
ACDC	C	0.01%
BGFV	F	0.01%
NRDS	C	0.01%
AJX	F	0.01%
ASLE	C	0.01%
KIDS	F	0.01%
CLAR	D	0.01%
PLRX	D	0.01%
NKSH	C	0.01%
TCMD	B	0.01%
EVC	C	0.01%
APPF	C	0.01%
VCEL	A	0.01%
IAS	D	0.01%
MARA	C	0.01%
EWCZ	D	0.01%
EPM	A	0.01%
ORGO	B	0.01%
PSTL	D	0.01%
FORR	D	0.01%
FLL	F	0.01%
SILC	C	0.01%
CDRE	F	0.01%
PHR	F	0.01%
FRPH	A	0.01%
CELH	F	0.01%
TRNS	F	0.01%
CMT	F	0.01%
SMHI	F	0.01%
CHMI	F	0.01%
FIVN	C	0.01%
RRBI	B	0.01%
JBI	F	0.01%
OLPX	D	0.01%
FLNC	C	0.01%
FWRG	C	0.01%
ARAY	D	0.01%
ODC	C	0.01%
BLDE	C	0.01%
ANIK	F	0.01%
MG	D	0.01%
JILL	D	0.01%
SLDP	F	0.01%
CRNT	B	0.01%
PRTA	F	0.01%
UDMY	D	0.01%
TTEC	F	0.01%
PAX	C	0.01%
ULCC	D	0.01%
SWTX	C	0.01%
UFI	F	0.01%
ZGN	D	0.01%
WW	F	0.01%
LEGH	D	0.01%
BRT	A	0.01%
INSE	B	0.01%
ARWR	D	0.01%
WINA	B	0.01%
PD	C	0.01%
KURA	F	0.01%
SAGE	F	0.01%
BOOM	F	0.01%
MFIN	B	0.01%
TCX	F	0.01%
UEC	A	0.01%
SRI	F	0.01%
IRTC	C	0.01%
GNE	F	0.01%
OBT	B	0.01%
HRMY	F	0.01%
GRNT	B	0.01%
XMTR	C	0.01%
BLFY	A	0.01%
PFIS	B	0.01%
COFS	A	0.01%
ENTA	F	0.01%
QUAD	B	0.01%
CTOS	B	0.01%
ACAD	C	0.01%
CHGG	F	0.01%
SNCY	C	0.01%
OSUR	F	0.01%
CMTL	F	0.01%
AVD	C	0.01%
COUR	F	0.01%
HBT	B	0.01%
RICK	C	0.01%
ALCO	D	0.01%
GOGO	C	0.01%
ZUO	B	0.01%
TRUE	C	0.01%
RGNX	D	0.01%
FSBW	B	0.01%
CLFD	F	0.01%
BL	C	0.01%
ZIP	D	0.01%
OM	D	0.0%
SPCE	D	0.0%
STEM	F	0.0%
ZNTL	D	0.0%
DNMR	F	0.0%
CRBU	D	0.0%
BELFA	D	0.0%

PRFZ Underweight 142 Positions Relative to FBUF

Symbol	Grade	Weight
NVDA	A	-7.69%
AAPL	C	-7.13%
MSFT	D	-5.68%
AMZN	B	-3.92%
META	C	-3.01%
BRK.A	B	-2.14%
GOOGL	B	-2.08%
GOOG	B	-1.93%
AVGO	C	-1.89%
JPM	A	-1.87%
XOM	B	-1.54%
MA	B	-1.36%
HD	A	-1.28%
NFLX	A	-1.24%
CRM	B	-1.22%
TSLA	A	-1.18%
BAC	A	-1.14%
ADBE	D	-0.98%
ABBV	F	-0.93%
PM	A	-0.87%
LLY	F	-0.85%
CMCSA	B	-0.85%
QCOM	F	-0.83%
CSCO	B	-0.81%
WMT	A	-0.81%
BMY	A	-0.79%
NEE	C	-0.79%
GILD	C	-0.78%
PG	C	-0.77%
MRK	F	-0.76%
UNP	D	-0.75%
LMT	D	-0.74%
SCHW	A	-0.74%
PYPL	B	-0.73%
AMAT	F	-0.72%
JNJ	D	-0.71%
C	B	-0.71%
TJX	A	-0.71%
MU	D	-0.69%
PGR	B	-0.68%
T	A	-0.68%
CTAS	B	-0.67%
TT	A	-0.67%
KLAC	F	-0.65%
NOC	D	-0.65%
CI	D	-0.65%
V	A	-0.63%
ABT	A	-0.62%
ECL	D	-0.62%
SQ	A	-0.61%
CSX	C	-0.59%
ZM	B	-0.59%
UNH	C	-0.59%
BDX	F	-0.59%
EXEL	B	-0.55%
SEIC	B	-0.55%
ZBRA	B	-0.54%
CAT	C	-0.53%
TXT	D	-0.52%
MMC	D	-0.52%
CL	D	-0.52%
DVN	F	-0.51%
NOW	B	-0.51%
GE	D	-0.49%
IGT	F	-0.49%
CMG	C	-0.48%
CAH	B	-0.48%
GRMN	B	-0.45%
SPG	A	-0.43%
CME	A	-0.43%
PFE	F	-0.43%
AXP	B	-0.43%
MSI	B	-0.43%
HWM	A	-0.42%
WM	B	-0.42%
TMO	F	-0.4%
PCAR	C	-0.39%
SPGI	D	-0.38%
SSNC	C	-0.38%
LDOS	C	-0.38%
NUE	D	-0.37%
DIS	B	-0.35%
INCY	C	-0.35%
PPG	F	-0.33%
F	C	-0.32%
UBER	F	-0.32%
COST	A	-0.3%
EOG	A	-0.29%
TROW	B	-0.28%
RTX	D	-0.28%
AMGN	D	-0.26%
MSCI	B	-0.26%
ADP	B	-0.26%
TRV	A	-0.25%
LRCX	F	-0.25%
MGM	D	-0.23%
RSG	A	-0.23%
SYK	A	-0.23%
VZ	C	-0.23%
LHX	B	-0.22%
BIIB	F	-0.22%
CACI	C	-0.21%
GAP	D	-0.21%
CVS	F	-0.21%
AMT	D	-0.2%
MMM	D	-0.19%
PEP	F	-0.19%
TPH	D	-0.18%
LNW	F	-0.17%
ETN	B	-0.16%
PSA	C	-0.16%
BBWI	C	-0.16%
ALLE	D	-0.15%
GEN	B	-0.14%
ITW	B	-0.14%
OXY	F	-0.14%
GL	C	-0.13%
VST	A	-0.13%
CLX	A	-0.13%
BK	B	-0.12%
KR	B	-0.12%
AON	B	-0.12%
WTW	B	-0.11%
DASH	A	-0.11%
LPLA	A	-0.11%
ED	C	-0.1%
IDXX	F	-0.1%
AME	A	-0.09%
NRG	B	-0.09%
TWLO	A	-0.09%
TMUS	B	-0.09%
NSC	B	-0.09%
UNM	A	-0.09%
CINF	A	-0.07%
PLTK	B	-0.07%
QRVO	F	-0.06%
UTHR	C	-0.05%
ORCL	A	-0.04%
TNL	B	-0.04%
VEEV	C	-0.04%
TOL	B	-0.02%
CVX	A	-0.02%