PRFZ vs. FFSM ETF Comparison

Comparison of PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$41.23

Average Daily Volume

88,662

Number of Holdings ^*

1373

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$27.04

Average Daily Volume

22,365

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	PRFZ	FFSM
30 Days	1.98%	1.82%
60 Days	1.98%	3.72%
90 Days	9.99%	7.07%
12 Months	23.55%	26.47%

49 Overlapping Holdings

Symbol	Grade	Weight in PRFZ	Weight in FFSM	Overlap
AEIS	D	0.09%	0.74%	0.09%
ALGM	F	0.03%	0.25%	0.03%
ARVN	F	0.01%	0.05%	0.01%
AZZ	C	0.09%	0.33%	0.09%
BOOT	B	0.18%	0.73%	0.18%
CACC	D	0.11%	0.4%	0.11%
CACC	D	0.08%	0.4%	0.08%
CHDN	C	0.14%	0.58%	0.14%
CHX	D	0.14%	0.4%	0.14%
CLDX	C	0.01%	0.12%	0.01%
COMP	B	0.14%	0.29%	0.14%
CRNX	C	0.02%	0.2%	0.02%
CROX	C	0.2%	1.15%	0.2%
EAT	B	0.25%	0.41%	0.25%
EBC	B	0.21%	0.52%	0.21%
EPRT	A	0.19%	0.49%	0.19%
EXP	B	0.18%	1.06%	0.18%
FBP	C	0.18%	0.36%	0.18%
FN	D	0.17%	1.14%	0.17%
FROG	F	0.01%	0.33%	0.01%
FSS	D	0.11%	0.66%	0.11%
GTES	C	0.2%	0.35%	0.2%
GVA	B	0.22%	0.3%	0.22%
HAYW	C	0.1%	0.5%	0.1%
HLI	B	0.19%	0.68%	0.19%
IBTX	B	0.18%	0.3%	0.18%
ICHR	F	0.05%	0.0%	0.0%
KFRC	D	0.06%	0.21%	0.06%
LAUR	B	0.13%	0.29%	0.13%
LBRT	D	0.15%	0.76%	0.15%
MASI	D	0.11%	0.31%	0.11%
MEDP	D	0.06%	0.66%	0.06%
MTSI	D	0.06%	0.53%	0.06%
NOG	D	0.09%	0.37%	0.09%
PATK	B	0.2%	0.18%	0.18%
PBH	B	0.16%	0.06%	0.06%
PCVX	B	0.06%	0.22%	0.06%
RGEN	F	0.09%	0.22%	0.09%
SN	B	0.23%	0.79%	0.23%
TCBK	C	0.08%	0.09%	0.08%
TENB	D	0.02%	0.51%	0.02%
TGLS	B	0.03%	0.65%	0.03%
TXG	D	0.02%	0.02%	0.02%
VCEL	D	0.01%	0.14%	0.01%
WHD	C	0.07%	1.07%	0.07%
WIX	D	0.04%	0.3%	0.04%
XENE	D	0.03%	0.09%	0.03%
XPRO	F	0.07%	0.19%	0.07%
ZNTL	D	0.0%	0.0%	0.0%

PRFZ Overweight 1324 Positions Relative to FFSM

Symbol	Grade	Weight
COMM	B	0.38%
CVNA	B	0.35%
VIRT	B	0.32%
CRS	B	0.31%
AMRK	C	0.29%
CRUS	D	0.28%
EBS	D	0.28%
NU	B	0.25%
PDM	B	0.25%
SATS	B	0.25%
ICUI	B	0.25%
CNK	B	0.25%
ACIW	B	0.24%
APP	B	0.24%
PRIM	C	0.24%
PFS	B	0.24%
MPWR	C	0.23%
ATGE	D	0.23%
CYH	B	0.23%
VSTO	B	0.22%
HTLF	B	0.22%
NHI	A	0.22%
TPL	C	0.22%
WAFD	B	0.22%
TTEK	C	0.22%
PBI	C	0.22%
VGR	C	0.21%
MATV	B	0.21%
SPR	D	0.21%
ENVA	C	0.21%
BNL	B	0.21%
KFY	B	0.21%
HL	C	0.21%
NYT	C	0.21%
BFAM	C	0.21%
CBU	C	0.21%
FIX	B	0.21%
MOG.A	B	0.21%
RBC	C	0.2%
AY	B	0.2%
PIPR	B	0.2%
PLTR	B	0.2%
WD	B	0.2%
STC	B	0.2%
COKE	C	0.2%
ROL	C	0.2%
KAR	D	0.2%
OLLI	C	0.2%
EXAS	C	0.2%
AHCO	B	0.2%
BANR	B	0.19%
CDE	C	0.19%
BKD	D	0.19%
GLNG	D	0.19%
ITGR	B	0.19%
DNB	C	0.19%
BDC	B	0.19%
ITRI	C	0.19%
PRG	B	0.19%
KTB	B	0.19%
MKTX	C	0.19%
CALM	B	0.19%
ANF	D	0.19%
LILAK	D	0.19%
PPC	D	0.19%
NMIH	B	0.18%
GMED	D	0.18%
SAH	D	0.18%
CVBF	C	0.18%
DOLE	A	0.18%
AX	D	0.18%
SCSC	D	0.18%
NWBI	C	0.18%
WOOF	C	0.18%
ADTN	F	0.18%
BGC	B	0.18%
AKR	C	0.18%
WSFS	C	0.18%
KW	C	0.18%
ACA	C	0.18%
VVV	D	0.18%
LADR	B	0.18%
ATSG	D	0.18%
HOPE	B	0.18%
ENSG	C	0.18%
IBOC	C	0.18%
CEIX	D	0.18%
BOH	C	0.18%
TRMK	C	0.17%
NTB	C	0.17%
AMED	C	0.17%
ROKU	C	0.17%
NSA	B	0.17%
UE	B	0.17%
FICO	A	0.17%
TOWN	B	0.17%
MOD	C	0.17%
TTD	B	0.17%
SMTC	C	0.17%
GIII	C	0.17%
SBLK	D	0.17%
ENR	F	0.17%
SXT	C	0.17%
MGY	C	0.17%
HHH	C	0.17%
MD	C	0.17%
HNI	B	0.17%
SKY	B	0.17%
PGRE	C	0.16%
LRN	B	0.16%
AROC	C	0.16%
WFRD	F	0.16%
CLOV	C	0.16%
NWN	B	0.16%
CENTA	D	0.16%
SUM	C	0.16%
WTM	F	0.16%
NEOG	C	0.16%
RNST	D	0.16%
BHE	C	0.16%
NCLH	C	0.16%
TECH	C	0.16%
STNG	D	0.16%
FRME	C	0.16%
GBX	C	0.16%
OMCL	C	0.16%
MGEE	B	0.16%
TW	A	0.16%
SKT	B	0.15%
NBTB	D	0.15%
CHE	C	0.15%
NMRK	B	0.15%
HXL	F	0.15%
PRK	C	0.15%
ECPG	C	0.15%
COLM	B	0.15%
FTDR	B	0.15%
KLG	C	0.15%
AWI	B	0.15%
WEN	C	0.15%
AGRO	C	0.15%
SSD	C	0.15%
FDP	B	0.15%
CNA	C	0.15%
H	C	0.15%
HGV	D	0.15%
ROIC	B	0.15%
BILL	D	0.15%
CWT	C	0.15%
IIPR	B	0.15%
PINS	F	0.15%
XHR	C	0.15%
MTX	D	0.15%
SHO	D	0.15%
SCS	B	0.15%
UNF	B	0.15%
SNDR	B	0.15%
KREF	B	0.15%
FFIN	B	0.15%
MCY	C	0.15%
ORA	C	0.15%
WWW	B	0.15%
CWEN	B	0.15%
PSMT	B	0.15%
TRNO	C	0.15%
STRL	B	0.14%
KALU	F	0.14%
STBA	B	0.14%
SNEX	C	0.14%
EQC	B	0.14%
BKE	B	0.14%
OTTR	D	0.14%
ALEX	B	0.14%
BV	B	0.14%
IMKTA	D	0.14%
MSA	C	0.14%
SFL	D	0.14%
GNL	B	0.14%
WGO	D	0.14%
WMK	C	0.14%
B	D	0.14%
PSN	B	0.14%
IVT	B	0.14%
CVCO	B	0.14%
TLRY	F	0.14%
LZB	C	0.14%
HASI	B	0.14%
MRCY	C	0.14%
HTH	C	0.14%
BZH	B	0.14%
DEA	B	0.14%
TALO	F	0.14%
VRSN	D	0.14%
DORM	B	0.14%
STRA	D	0.13%
FCPT	A	0.13%
LOPE	D	0.13%
AAT	B	0.13%
CFFN	C	0.13%
HQY	C	0.13%
WMS	D	0.13%
TNET	D	0.13%
AMC	D	0.13%
PEB	D	0.13%
MRC	D	0.13%
MWA	C	0.13%
NTCT	D	0.13%
PR	D	0.13%
NBIX	F	0.13%
SABR	D	0.13%
NEU	D	0.13%
ONTO	F	0.13%
RC	D	0.13%
VC	F	0.13%
LC	C	0.13%
HOV	C	0.13%
CNNE	D	0.13%
SFBS	B	0.13%
PRM	B	0.13%
AMWD	C	0.13%
GWRE	A	0.13%
EPC	F	0.13%
SNBR	C	0.13%
PLUS	B	0.13%
PANW	D	0.13%
GDOT	C	0.13%
SHOO	B	0.13%
RWT	B	0.13%
SASR	B	0.13%
MMSI	B	0.13%
RDNT	B	0.13%
NGVT	F	0.12%
OFG	C	0.12%
TPC	C	0.12%
NNI	B	0.12%
SPTN	C	0.12%
MORN	C	0.12%
AZTA	D	0.12%
IRDM	D	0.12%
CRGY	D	0.12%
NVRI	D	0.12%
AFRM	C	0.12%
COTY	F	0.12%
SGRY	C	0.12%
HZO	C	0.12%
OII	D	0.12%
CAKE	C	0.12%
VBTX	B	0.12%
GLOB	D	0.12%
ALK	C	0.12%
RHP	D	0.12%
EMBC	C	0.12%
EXLS	C	0.12%
PAGS	F	0.12%
WTS	C	0.12%
CCOI	C	0.12%
EFSC	B	0.12%
ZD	D	0.12%
OCFC	B	0.12%
IBKR	B	0.12%
HMN	C	0.12%
OLED	C	0.12%
FELE	C	0.12%
HAIN	D	0.12%
WSBC	D	0.12%
DAC	D	0.12%
DLB	D	0.12%
NBR	F	0.12%
FCF	C	0.12%
PTEN	F	0.11%
CNS	B	0.11%
DBRG	D	0.11%
RYAM	B	0.11%
ICFI	C	0.11%
JBT	D	0.11%
PAYC	D	0.11%
EIG	B	0.11%
AVNS	B	0.11%
MODG	F	0.11%
DAY	D	0.11%
CUBI	F	0.11%
CWH	C	0.11%
ESRT	B	0.11%
GO	F	0.11%
HLX	D	0.11%
IPGP	F	0.11%
BLMN	F	0.11%
CCO	C	0.11%
PSTG	F	0.11%
HAE	D	0.11%
AXON	B	0.11%
DNOW	D	0.11%
AZEK	C	0.11%
SCL	D	0.11%
BANF	B	0.1%
REYN	C	0.1%
CVI	F	0.1%
ENPH	C	0.1%
NTGR	C	0.1%
UCTT	F	0.1%
DLX	D	0.1%
HI	F	0.1%
JBLU	D	0.1%
KLIC	D	0.1%
HEES	D	0.1%
GRBK	B	0.1%
AOSL	D	0.1%
TRTX	C	0.1%
LTC	B	0.1%
NBHC	C	0.1%
CODI	D	0.1%
SAFT	C	0.1%
AMCX	F	0.1%
CRK	D	0.1%
PRDO	D	0.1%
OSIS	C	0.1%
ENV	C	0.1%
NPO	C	0.1%
AIR	C	0.1%
SMPL	D	0.1%
BRKR	D	0.1%
DHT	C	0.1%
IBP	C	0.1%
ZWS	B	0.1%
NHC	D	0.1%
SJW	C	0.1%
KOS	F	0.1%
BUSE	C	0.1%
AMSF	C	0.1%
SYNA	F	0.1%
GFS	F	0.1%
CTRE	B	0.1%
LANC	D	0.1%
YETI	D	0.1%
AIN	D	0.1%
SBCF	C	0.1%
AWR	B	0.1%
BRSP	D	0.1%
BCPC	C	0.1%
IDCC	B	0.1%
CPK	B	0.1%
HCSG	C	0.1%
IOSP	D	0.1%
ADUS	B	0.09%
BRKL	C	0.09%
SUPN	C	0.09%
SBSI	B	0.09%
TPG	B	0.09%
LIVN	D	0.09%
BSY	D	0.09%
TPIC	D	0.09%
AGIO	D	0.09%
CMRE	D	0.09%
BHLB	C	0.09%
SVC	F	0.09%
EVRI	C	0.09%
CARG	B	0.09%
PODD	B	0.09%
SKYW	C	0.09%
OPK	C	0.09%
PTON	C	0.09%
AMRC	C	0.09%
ESE	B	0.09%
FBK	B	0.09%
DT	C	0.09%
APOG	B	0.09%
TILE	B	0.09%
CNSL	A	0.09%
WING	B	0.09%
RKT	B	0.09%
TDC	F	0.09%
ROG	D	0.09%
EXPO	B	0.09%
FBNC	B	0.09%
BALY	B	0.09%
CSR	B	0.09%
FWRD	C	0.09%
GCI	C	0.09%
CASH	B	0.09%
RCM	C	0.09%
MGRC	F	0.09%
CDNA	C	0.09%
RYI	F	0.09%
DHC	B	0.09%
CMPR	F	0.09%
DCOM	B	0.09%
VIAV	D	0.09%
EGBN	C	0.09%
DOCU	C	0.09%
CWST	D	0.09%
PUMP	F	0.09%
PRAA	D	0.09%
INVA	B	0.08%
TOST	B	0.08%
HAFC	C	0.08%
CPF	B	0.08%
CHCO	B	0.08%
MATW	F	0.08%
HFWA	C	0.08%
TRS	D	0.08%
WABC	D	0.08%
VAL	F	0.08%
RGR	F	0.08%
UVSP	B	0.08%
PRA	C	0.08%
NTRA	B	0.08%
MNRO	D	0.08%
AGM	D	0.08%
WOW	D	0.08%
GSL	D	0.08%
MYRG	F	0.08%
NXRT	B	0.08%
VTOL	D	0.08%
KN	D	0.08%
GTY	B	0.08%
CAL	F	0.08%
DKNG	D	0.08%
U	D	0.08%
CHH	C	0.08%
BLKB	B	0.08%
OSCR	B	0.08%
GNK	D	0.08%
KOP	F	0.08%
AAN	C	0.08%
SLAB	D	0.08%
GFF	C	0.08%
ZUMZ	D	0.08%
KTOS	B	0.08%
ROCK	D	0.08%
BRBR	B	0.08%
LNTH	C	0.08%
CHEF	C	0.08%
JJSF	C	0.08%
FORM	F	0.08%
PLUG	F	0.08%
SPNT	C	0.08%
THRM	D	0.08%
SGBX	F	0.08%
CBZ	F	0.08%
CNMD	D	0.08%
VRTS	D	0.08%
EAF	D	0.08%
FRPT	B	0.08%
CNOB	B	0.08%
SAM	F	0.08%
ASIX	C	0.08%
CNDT	C	0.08%
PLNT	A	0.08%
MGNI	D	0.07%
WOR	F	0.07%
KODK	D	0.07%
NEO	C	0.07%
VCYT	B	0.07%
AMRX	B	0.07%
HLIO	D	0.07%
TNDM	C	0.07%
EVH	C	0.07%
VIR	F	0.07%
ZI	D	0.07%
FLGT	D	0.07%
QCRH	B	0.07%
UTL	B	0.07%
SXC	F	0.07%
POWI	F	0.07%
VRRM	D	0.07%
GOLF	F	0.07%
FOXF	F	0.07%
EYE	F	0.07%
SNDL	D	0.07%
YELP	F	0.07%
ASTH	B	0.07%
WNC	F	0.07%
HSII	C	0.07%
REVG	C	0.07%
TREE	C	0.07%
LCID	C	0.07%
DDS	D	0.07%
TNC	D	0.07%
LPG	F	0.07%
ROAD	B	0.07%
CORT	B	0.07%
RDFN	C	0.07%
PEBO	C	0.07%
AGX	C	0.07%
CRWD	F	0.07%
PRGS	C	0.07%
PFC	C	0.07%
DFIN	B	0.07%
CLB	D	0.07%
TK	C	0.07%
UIS	C	0.07%
OXM	D	0.07%
TBBK	B	0.07%
STEP	B	0.07%
KELYA	D	0.07%
DNLI	B	0.07%
WTTR	C	0.07%
DCO	B	0.07%
HALO	B	0.07%
AMBC	F	0.07%
LYFT	D	0.07%
SGH	F	0.07%
HURN	C	0.07%
BMI	B	0.07%
NIC	C	0.07%
INSW	D	0.07%
KWR	D	0.07%
ETWO	C	0.07%
RRR	D	0.07%
ONON	B	0.07%
CSWI	B	0.07%
TMP	C	0.07%
TREX	F	0.07%
MATX	C	0.07%
OEC	F	0.07%
NOVT	D	0.07%
SYBT	B	0.07%
CSGS	C	0.07%
TEN	C	0.07%
RNA	C	0.07%
HWKN	B	0.07%
SCHL	D	0.07%
KRNT	B	0.06%
ECVT	F	0.06%
ETSY	F	0.06%
SWBI	D	0.06%
CNXN	B	0.06%
GES	F	0.06%
CFB	C	0.06%
UPST	C	0.06%
WDFC	B	0.06%
HMST	C	0.06%
RDUS	D	0.06%
MMI	C	0.06%
ALG	D	0.06%
HY	D	0.06%
OPI	F	0.06%
TNK	D	0.06%
NVAX	D	0.06%
MQ	F	0.06%
ARCO	F	0.06%
JACK	F	0.06%
HBNC	B	0.06%
ACRE	C	0.06%
FMBH	B	0.06%
EVTC	D	0.06%
SCVL	B	0.06%
CMTG	F	0.06%
DBX	D	0.06%
CWEN	B	0.06%
DXPE	C	0.06%
AAON	B	0.06%
INFN	B	0.06%
GABC	C	0.06%
ACLS	F	0.06%
CPS	F	0.06%
RYAN	C	0.06%
PTVE	D	0.06%
SXI	C	0.06%
NOVA	C	0.06%
PFBC	C	0.06%
MRVI	C	0.06%
CVLT	B	0.06%
HUBS	D	0.06%
MBUU	D	0.06%
OBK	C	0.06%
LGND	C	0.06%
TRUP	C	0.06%
DX	A	0.06%
RXT	C	0.06%
TUP	F	0.06%
SENEA	B	0.06%
PKST	C	0.06%
BRY	F	0.06%
PETQ	A	0.06%
UVE	B	0.06%
CCRN	F	0.06%
GLDD	C	0.06%
UMH	C	0.06%
MIR	D	0.06%
HTBK	C	0.06%
THRY	D	0.06%
DDOG	D	0.06%
CLW	F	0.06%
VRNT	F	0.06%
MTRN	D	0.06%
SMP	C	0.06%
AVAV	D	0.06%
PLAB	F	0.06%
PZZA	D	0.06%
ACCO	C	0.06%
WASH	B	0.06%
IART	F	0.06%
VCTR	B	0.06%
GCO	D	0.06%
CENX	D	0.06%
ALKS	C	0.06%
HLNE	B	0.06%
MANH	B	0.06%
KAI	C	0.06%
LKFN	C	0.06%
MYGN	B	0.06%
FNKO	B	0.06%
PRFT	A	0.06%
BSIG	B	0.06%
ETH	D	0.06%
MRTN	D	0.06%
MTUS	F	0.06%
SRCE	C	0.06%
MTW	F	0.06%
CTBI	B	0.05%
DNUT	D	0.05%
TRIP	F	0.05%
FG	C	0.05%
JRVR	F	0.05%
PRVA	D	0.05%
DIN	F	0.05%
PLYA	D	0.05%
MSGE	B	0.05%
GMRE	C	0.05%
ALRM	F	0.05%
CIO	B	0.05%
ORRF	B	0.05%
CTS	D	0.05%
S	C	0.05%
FOUR	C	0.05%
EXPI	C	0.05%
MXL	F	0.05%
CMCO	F	0.05%
MCB	C	0.05%
IONS	F	0.05%
SPSC	D	0.05%
LXFR	C	0.05%
COHU	F	0.05%
PEN	D	0.05%
MERC	F	0.05%
CBL	D	0.05%
LILA	C	0.05%
VSEC	C	0.05%
PRLB	D	0.05%
IPI	C	0.05%
NVEE	F	0.05%
LGF.A	F	0.05%
CRSP	F	0.05%
AIV	B	0.05%
GDEN	D	0.05%
WRLD	D	0.05%
NX	D	0.05%
HVT	D	0.05%
SFIX	C	0.05%
PJT	B	0.05%
ILPT	C	0.05%
MP	D	0.05%
NTNX	C	0.05%
IBCP	B	0.05%
GPOR	C	0.05%
NR	F	0.05%
BANC	B	0.05%
TKO	B	0.05%
HTLD	D	0.05%
WSR	D	0.05%
EBF	B	0.05%
TGI	D	0.05%
FFWM	D	0.05%
CYBR	D	0.05%
MBWM	C	0.05%
IESC	C	0.05%
CCSI	C	0.05%
KRNY	C	0.05%
TDW	F	0.05%
EGY	D	0.05%
GOOD	B	0.05%
NFBK	C	0.05%
DOCS	B	0.05%
KNSL	C	0.05%
ITOS	F	0.05%
ASTE	F	0.05%
GPRE	F	0.05%
TDOC	D	0.05%
LOB	B	0.05%
QTWO	B	0.05%
CALX	D	0.05%
PLOW	C	0.05%
DRVN	C	0.05%
VMEO	C	0.05%
PAHC	B	0.05%
TBI	F	0.05%
SONO	F	0.05%
FBMS	B	0.05%
ZIMV	F	0.05%
MLR	D	0.05%
CVGW	C	0.05%
DBI	F	0.05%
JBSS	D	0.05%
EXTR	C	0.05%
AHH	B	0.05%
BBSI	B	0.05%
TRST	C	0.05%
CARS	D	0.04%
AGS	D	0.04%
MDB	D	0.04%
BFS	C	0.04%
HLIT	C	0.04%
CRMT	F	0.04%
USPH	D	0.04%
AMTB	D	0.04%
GPRK	F	0.04%
HAYN	D	0.04%
OSBC	C	0.04%
UHT	B	0.04%
RNG	D	0.04%
MTRX	D	0.04%
UFPT	C	0.04%
NVCR	D	0.04%
NVGS	D	0.04%
INMD	D	0.04%
ALHC	C	0.04%
FOR	C	0.04%
IPAR	D	0.04%
QLYS	F	0.04%
IMAX	C	0.04%
CTO	C	0.04%
RMR	C	0.04%
PLAY	F	0.04%
PLMR	B	0.04%
RILY	F	0.04%
OLP	B	0.04%
LMB	B	0.04%
ZEUS	F	0.04%
DAKT	D	0.04%
FF	C	0.04%
GRC	D	0.04%
BY	C	0.04%
ORGN	B	0.04%
RAMP	F	0.04%
TPB	C	0.04%
RGP	F	0.04%
MGPI	C	0.04%
FLIC	B	0.04%
PGC	C	0.04%
VRNS	C	0.04%
SHC	B	0.04%
QNST	B	0.04%
MCRI	B	0.04%
VZIO	A	0.04%
SMAR	B	0.04%
FIZZ	D	0.04%
WOLF	F	0.04%
KRO	D	0.04%
BJRI	D	0.04%
BE	F	0.04%
NAT	D	0.04%
THFF	B	0.04%
MMYT	B	0.04%
CLDT	D	0.04%
IHRT	D	0.04%
VNDA	D	0.04%
OFIX	D	0.04%
APPS	D	0.04%
USNA	F	0.04%
REX	D	0.04%
OIS	F	0.04%
RPAY	D	0.04%
RVMD	C	0.04%
HRTG	B	0.04%
NTLA	F	0.04%
TWST	D	0.04%
GKOS	D	0.04%
BLBD	C	0.04%
SITM	B	0.04%
PLYM	D	0.04%
RBLX	B	0.04%
TITN	F	0.04%
COLL	B	0.04%
KE	F	0.04%
MEI	F	0.04%
NTST	D	0.04%
PNTG	B	0.04%
VREX	F	0.04%
LXU	D	0.04%
LOCO	B	0.04%
EPAC	B	0.04%
PCTY	C	0.04%
MSEX	C	0.04%
CAC	C	0.04%
IRBT	F	0.04%
CMP	D	0.04%
SB	D	0.04%
THR	D	0.04%
TEAM	F	0.04%
FA	B	0.04%
NWPX	C	0.04%
RVLV	B	0.04%
SHEN	F	0.04%
DHIL	B	0.04%
SHAK	C	0.04%
IIIN	D	0.04%
EFC	B	0.04%
HCP	A	0.04%
AVO	A	0.04%
SHYF	D	0.04%
TSE	D	0.04%
ASC	D	0.04%
CRAI	C	0.04%
LNN	C	0.04%
BMRC	C	0.03%
OSPN	B	0.03%
SRI	F	0.03%
STAA	F	0.03%
IMXI	D	0.03%
LE	C	0.03%
ATRO	D	0.03%
PKOH	C	0.03%
WLDN	B	0.03%
BBW	C	0.03%
ALTO	D	0.03%
FPI	D	0.03%
LFST	C	0.03%
FUBO	D	0.03%
GLRE	B	0.03%
SMBC	C	0.03%
MLAB	C	0.03%
TTI	F	0.03%
RARE	B	0.03%
CAAP	C	0.03%
SGHC	C	0.03%
LSEA	C	0.03%
MCFT	D	0.03%
AI	F	0.03%
SLQT	F	0.03%
TBRG	C	0.03%
PCOR	F	0.03%
ACEL	B	0.03%
LGF.A	F	0.03%
RDWR	C	0.03%
SKWD	C	0.03%
DOUG	C	0.03%
NKTR	D	0.03%
VVI	C	0.03%
RBB	B	0.03%
DFH	C	0.03%
HA	A	0.03%
REPL	C	0.03%
SIGA	D	0.03%
HIFS	B	0.03%
ITRN	C	0.03%
GEVO	C	0.03%
FMNB	B	0.03%
BFC	B	0.03%
ELF	F	0.03%
PAR	B	0.03%
RKLB	B	0.03%
ACMR	F	0.03%
CCBG	B	0.03%
MBIN	C	0.03%
CVEO	B	0.03%
LESL	F	0.03%
PCRX	F	0.03%
BARK	C	0.03%
LAND	C	0.03%
SRCL	A	0.03%
BAND	D	0.03%
AXNX	B	0.03%
NGVC	B	0.03%
GASS	C	0.03%
BPMC	D	0.03%
PLCE	C	0.03%
ASRT	D	0.03%
CERT	F	0.03%
POWL	C	0.03%
EE	B	0.03%
LMAT	B	0.03%
AMAL	B	0.03%
INSP	C	0.03%
UTZ	C	0.03%
RMAX	C	0.03%
CECO	D	0.03%
WTI	F	0.03%
ANET	B	0.03%
CRVL	B	0.03%
TELL	C	0.03%
RES	D	0.03%
RBCAA	B	0.03%
EQBK	B	0.03%
AUR	C	0.03%
JOE	C	0.03%
ALTR	C	0.03%
ITCI	D	0.03%
STGW	B	0.03%
CPRX	B	0.03%
XNCR	C	0.03%
INGN	D	0.03%
ATNI	C	0.03%
BMBL	F	0.03%
DSX	D	0.03%
NPK	C	0.03%
FLWS	F	0.03%
ANGO	C	0.03%
CCNE	C	0.03%
LMND	D	0.03%
NET	F	0.03%
GPRO	F	0.03%
SSTK	F	0.03%
GPMT	D	0.03%
CHUY	B	0.03%
ALNY	B	0.03%
IDT	C	0.03%
NCNO	D	0.03%
AMPH	C	0.03%
QRTEA	F	0.03%
APEI	D	0.03%
KRYS	D	0.03%
GIC	D	0.03%
SPWH	D	0.03%
ONEW	F	0.03%
FISI	B	0.03%
GSBC	C	0.03%
SWIM	B	0.03%
DGII	D	0.03%
SRPT	F	0.03%
USAP	C	0.03%
PACK	D	0.03%
TWI	D	0.03%
MSBI	D	0.03%
CLNE	C	0.03%
VECO	F	0.03%
MX	F	0.03%
MCS	B	0.03%
FCBC	B	0.03%
QS	F	0.03%
SSYS	F	0.03%
RNW	C	0.03%
ACVA	B	0.03%
BFST	B	0.03%
RMBS	F	0.03%
ARKO	C	0.03%
BOX	B	0.03%
CSV	B	0.03%
AGL	F	0.03%
NRIX	C	0.03%
AMBA	C	0.03%
ZETA	B	0.03%
NUVB	D	0.03%
DVAX	D	0.03%
UFCS	D	0.03%
MED	F	0.03%
PATH	D	0.03%
GSM	F	0.03%
TFSL	C	0.03%
FFIC	C	0.03%
HONE	C	0.03%
ALX	B	0.03%
TIPT	B	0.03%
AROW	C	0.03%
MYE	D	0.03%
REI	D	0.03%
LSCC	D	0.03%
ADV	C	0.03%
UNTY	B	0.02%
RELL	C	0.02%
FOSL	F	0.02%
FLNC	C	0.02%
BRT	B	0.02%
FORR	D	0.02%
BLFY	B	0.02%
GRNT	D	0.02%
GOGO	F	0.02%
ERII	D	0.02%
PHR	C	0.02%
VICR	F	0.02%
UFI	C	0.02%
IIIV	D	0.02%
UPWK	D	0.02%
RMBL	D	0.02%
EGHT	F	0.02%
SEER	D	0.02%
CFLT	F	0.02%
PGNY	F	0.02%
PKE	D	0.02%
PLPC	F	0.02%
SLDP	F	0.02%
NAPA	F	0.02%
TRNS	C	0.02%
SWTX	F	0.02%
SPOK	C	0.02%
GDYN	C	0.02%
GNE	D	0.02%
OSUR	F	0.02%
LYEL	F	0.02%
UTI	D	0.02%
OPRT	F	0.02%
REAL	D	0.02%
CRNT	F	0.02%
JAKK	C	0.02%
GCMG	B	0.02%
FUNC	A	0.02%
TTGT	F	0.02%
AKRO	C	0.02%
HOFT	D	0.02%
CEVA	C	0.02%
MG	C	0.02%
CZFS	C	0.02%
KYMR	C	0.02%
ALCO	B	0.02%
PL	F	0.02%
GTLB	D	0.02%
LQDT	B	0.02%
DXLG	F	0.02%
BOC	C	0.02%
AVD	F	0.02%
HRMY	B	0.02%
PRTA	F	0.02%
KURA	D	0.02%
FRSH	F	0.02%
TSVT	C	0.02%
COUR	F	0.02%
BOOM	D	0.02%
ENTA	F	0.02%
ZS	F	0.02%
CLFD	C	0.02%
OLO	D	0.02%
CHGG	F	0.02%
VRA	F	0.02%
AFYA	D	0.02%
FRBA	B	0.02%
RM	B	0.02%
NECB	B	0.02%
PTCT	C	0.02%
SAGE	F	0.02%
DOCN	B	0.02%
LINC	D	0.02%
RGNX	D	0.02%
JBI	F	0.02%
IRWD	F	0.02%
NARI	F	0.02%
MCBS	B	0.02%
FSTR	F	0.02%
OSW	C	0.02%
HCI	C	0.02%
ESTC	F	0.02%
ALTG	F	0.02%
DGICA	B	0.02%
FLXS	B	0.02%
PYCR	D	0.02%
RLGT	C	0.02%
YOU	B	0.02%
PINE	C	0.02%
SMHI	F	0.02%
BHR	D	0.02%
SGC	F	0.02%
STHO	C	0.02%
ALGT	F	0.02%
FIGS	F	0.02%
FLYW	F	0.02%
LMNR	B	0.02%
AMSWA	C	0.02%
ARRY	F	0.02%
CMTL	D	0.02%
SPFI	B	0.02%
NGS	D	0.02%
BW	F	0.02%
OLPX	C	0.02%
MPB	B	0.02%
FSLY	D	0.02%
ZGN	F	0.02%
CDMO	B	0.02%
TRC	C	0.02%
MLNK	C	0.02%
HIMS	D	0.02%
NABL	D	0.02%
DESP	C	0.02%
WRBY	D	0.02%
JAMF	D	0.02%
SFST	C	0.02%
VLGEA	B	0.02%
DUOL	B	0.02%
CTRN	D	0.02%
ANIP	D	0.02%
HEAR	D	0.02%
ATEN	C	0.02%
INFA	D	0.02%
HSTM	C	0.02%
GTX	D	0.02%
FARO	D	0.02%
NBN	C	0.02%
MOFG	B	0.02%
SSP	F	0.02%
ANIK	D	0.02%
PEGA	C	0.02%
YORW	D	0.02%
RNGR	C	0.02%
LYTS	C	0.02%
AFCG	C	0.02%
PWSC	C	0.02%
IOVA	D	0.02%
PUBM	F	0.02%
TCX	C	0.02%
HCAT	C	0.02%
ULH	C	0.02%
BLFS	D	0.02%
SBR	D	0.02%
AUPH	C	0.02%
VPG	F	0.02%
GRPN	F	0.02%
MITT	B	0.02%
ARTNA	C	0.02%
CLBK	C	0.02%
RBBN	D	0.02%
DCGO	D	0.02%
TG	B	0.02%
WSBF	B	0.02%
ADPT	C	0.02%
CARE	B	0.02%
DENN	D	0.02%
CGNT	F	0.02%
FRHC	B	0.02%
PANL	F	0.02%
SHBI	B	0.02%
DDD	F	0.02%
PETS	D	0.02%
SAVE	F	0.02%
NRIM	B	0.02%
MOV	F	0.02%
RIOT	F	0.02%
MODV	F	0.02%
FRST	D	0.02%
RLAY	D	0.02%
BEAM	F	0.02%
BELFB	C	0.02%
PCT	C	0.02%
ARLO	F	0.02%
CSTL	C	0.02%
MSTR	D	0.02%
MNDY	B	0.02%
PTLO	C	0.02%
SMBK	B	0.02%
MUX	F	0.02%
QURE	F	0.02%
VITL	D	0.02%
GENI	C	0.02%
SD	D	0.02%
JOUT	D	0.02%
BHB	B	0.02%
EHTH	F	0.02%
ACNB	C	0.02%
ATRC	C	0.02%
FSP	D	0.02%
IGIC	B	0.02%
MEG	F	0.02%
INBK	C	0.02%
MEC	B	0.02%
ALRS	C	0.02%
CHCT	F	0.02%
ASPN	D	0.02%
GLBE	C	0.02%
CCB	C	0.02%
SWI	B	0.02%
LOVE	C	0.02%
HTBI	B	0.02%
BWB	B	0.02%
MSGS	B	0.02%
TWKS	C	0.02%
RCUS	D	0.02%
CASS	D	0.02%
HCKT	B	0.02%
RCKY	D	0.02%
DNMR	F	0.01%
KOD	F	0.01%
AMPS	F	0.01%
PRTS	F	0.01%
INDI	F	0.01%
DLO	D	0.01%
NINE	F	0.01%
ARCT	F	0.01%
LPSN	F	0.01%
VERV	F	0.01%
RXRX	F	0.01%
DH	F	0.01%
KLXE	F	0.01%
SEG	C	0.01%
PBPB	D	0.01%
NVRO	F	0.01%
EDIT	F	0.01%
ACCD	D	0.01%
NDLS	F	0.01%
BPT	F	0.01%
SGMO	C	0.01%
RPD	F	0.01%
CRNC	F	0.01%
BBCP	F	0.01%
PACB	D	0.01%
BRZE	F	0.01%
MITK	F	0.01%
WK	D	0.01%
CYRX	F	0.01%
AAOI	D	0.01%
CDLX	F	0.01%
XMTR	D	0.01%
QUAD	F	0.01%
QTRX	D	0.01%
CXM	F	0.01%
ALLO	D	0.01%
LCUT	F	0.01%
ONTF	D	0.01%
NRC	F	0.01%
METC	F	0.01%
GROY	F	0.01%
UPLD	D	0.01%
FET	F	0.01%
RCKT	D	0.01%
FATE	F	0.01%
MYPS	F	0.01%
NRDS	D	0.01%
POWW	F	0.01%
PLRX	F	0.01%
ULCC	D	0.01%
FWRG	F	0.01%
PRPL	F	0.01%
UEC	F	0.01%
IDYA	F	0.01%
CCCC	C	0.01%
NFE	F	0.01%
MPAA	F	0.01%
ENVX	F	0.01%
HDSN	D	0.01%
CHPT	F	0.01%
ACDC	F	0.01%
CWCO	F	0.01%
ORGO	D	0.01%
FCEL	D	0.01%
OABI	D	0.01%
MARA	F	0.01%
EVC	D	0.01%
FOLD	D	0.01%
ASLE	F	0.01%
VTYX	F	0.01%
WW	F	0.01%
EWCZ	F	0.01%
ME	F	0.01%
NATR	F	0.01%
JOBY	F	0.01%
TCMD	C	0.01%
SDGR	F	0.01%
MVBF	D	0.01%
NNBR	F	0.01%
CTOS	F	0.01%
AVNW	F	0.01%
IAS	D	0.01%
XPEL	D	0.01%
CVGI	F	0.01%
SNCY	D	0.01%
MFIN	D	0.01%
FIVN	F	0.01%
BLDE	D	0.01%
CLAR	F	0.01%
BWMX	F	0.01%
SHLS	D	0.01%
IHS	D	0.01%
TTEC	F	0.01%
NKSH	D	0.01%
CTKB	F	0.01%
RRBI	C	0.01%
FC	C	0.01%
RRGB	F	0.01%
TRUE	D	0.01%
SILC	F	0.01%
SKLZ	F	0.01%
UDMY	F	0.01%
ODC	D	0.01%
TLYS	F	0.01%
INSE	C	0.01%
APPF	D	0.01%
FRPH	D	0.01%
BGFV	F	0.01%
EGRX	F	0.01%
PDFS	D	0.01%
PAX	D	0.01%
IRTC	F	0.01%
WINA	C	0.01%
HNRG	F	0.01%
AHT	F	0.01%
EPM	C	0.01%
FLL	F	0.01%
COFS	A	0.01%
PSTL	B	0.01%
BL	D	0.01%
LASR	F	0.01%
CGEM	F	0.01%
JILL	F	0.01%
CDRE	C	0.01%
FVRR	C	0.01%
TH	D	0.01%
PFIS	C	0.01%
AJX	D	0.01%
ZUO	D	0.01%
MCW	F	0.01%
ZIP	D	0.01%
ARAY	D	0.01%
ARWR	F	0.01%
KIDS	D	0.01%
OBT	C	0.01%
ESQ	B	0.01%
CMT	C	0.01%
RICK	F	0.01%
IBEX	B	0.01%
NEWT	D	0.01%
CRSR	F	0.01%
HBT	C	0.01%
ACAD	F	0.01%
LEGH	B	0.01%
LPRO	D	0.01%
CELH	F	0.01%
DV	F	0.01%
FSBW	B	0.01%
CHMI	C	0.01%
IREN	D	0.01%
YEXT	C	0.01%
MAXN	F	0.0%
OM	F	0.0%
NOTV	D	0.0%
CRBU	F	0.0%
STEM	F	0.0%
VTNR	F	0.0%
BELFA	B	0.0%

PRFZ Underweight 121 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	D	-1.66%
EME	B	-1.59%
TPX	C	-1.43%
UHS	B	-1.42%
MUSA	C	-1.42%
AZO	D	-1.41%
BJ	D	-1.32%
AR	D	-1.29%
ACGL	B	-1.25%
ITT	C	-1.15%
MOH	C	-1.11%
NSIT	C	-1.09%
TMDX	C	-1.07%
CR	C	-1.05%
USFD	B	-1.05%
PFGC	B	-1.03%
JLL	B	-1.03%
RRX	C	-0.99%
CACI	B	-0.99%
SNX	D	-0.95%
ORI	A	-0.95%
LNG	D	-0.94%
DFS	C	-0.93%
DOX	C	-0.93%
VRT	C	-0.91%
DKS	D	-0.88%
NXST	D	-0.86%
AIT	C	-0.86%
RGA	B	-0.8%
AIZ	B	-0.8%
STX	D	-0.79%
AME	C	-0.76%
BC	C	-0.75%
AYI	B	-0.75%
SNV	C	-0.74%
GPK	B	-0.73%
BECN	D	-0.73%
FCNCA	D	-0.73%
ALSN	B	-0.72%
PNFP	B	-0.72%
FAF	B	-0.71%
VNT	D	-0.7%
PCG	C	-0.68%
ASGN	D	-0.67%
ON	D	-0.67%
CMC	D	-0.66%
VTR	C	-0.66%
CRL	D	-0.65%
KBH	B	-0.65%
LPLA	D	-0.64%
CADE	B	-0.63%
XPO	D	-0.61%
WBS	C	-0.61%
MMS	D	-0.61%
ATKR	F	-0.61%
LPX	B	-0.61%
G	C	-0.6%
STLD	D	-0.6%
PRI	B	-0.59%
HOLX	B	-0.58%
CNM	F	-0.58%
AES	C	-0.58%
ACM	B	-0.58%
CC	F	-0.57%
ESI	D	-0.56%
KBR	D	-0.56%
BCO	B	-0.54%
CBT	B	-0.54%
ASO	C	-0.53%
CIEN	C	-0.53%
TEX	D	-0.52%
WTFC	B	-0.52%
CAH	C	-0.52%
PVH	F	-0.52%
SF	A	-0.51%
NOMD	B	-0.49%
CWK	B	-0.49%
AFG	B	-0.48%
RJF	C	-0.48%
BOKF	B	-0.46%
AMN	F	-0.44%
AXTA	C	-0.43%
OLN	D	-0.43%
FIBK	B	-0.41%
CNXC	D	-0.4%
ARGX	C	-0.39%
LW	D	-0.38%
LITE	B	-0.37%
GMS	C	-0.35%
RUSHA	C	-0.35%
IP	B	-0.35%
LEA	D	-0.35%
PRCT	B	-0.35%
ARCB	D	-0.35%
ESGR	D	-0.34%
DIOD	F	-0.33%
MTB	B	-0.3%
FLEX	C	-0.3%
DOOO	F	-0.29%
LCII	C	-0.29%
AAP	F	-0.25%
MDGL	F	-0.21%
CYTK	F	-0.2%
OMI	D	-0.16%
NUVL	C	-0.14%
CSTM	D	-0.14%
ACLX	B	-0.14%
ICLR	D	-0.12%
VRDN	C	-0.11%
HELE	D	-0.11%
ANAB	C	-0.11%
LBPH	D	-0.1%
AUTL	F	-0.1%
AXSM	C	-0.1%
EWTX	D	-0.1%
MRUS	D	-0.08%
KROS	C	-0.02%
MORF	A	-0.0%
INSM	D	-0.0%
ALXO	F	-0.0%
OI	D	-0.0%