MFUS vs. AVMC ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Avantis U.S. Mid Cap Equity ETF (AVMC)

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$50.86

Average Daily Volume

5,340

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$67.25

Average Daily Volume

10,877

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	AVMC
30 Days	-1.04%	2.26%
60 Days	1.72%	5.89%
90 Days	4.04%	8.95%
12 Months	30.11%	31.27%

344 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in AVMC	Overlap
A	F	0.05%	0.34%	0.05%
AA	A	0.02%	0.07%	0.02%
ACM	B	0.03%	0.18%	0.03%
ADM	D	0.22%	0.19%	0.19%
AES	F	0.01%	0.08%	0.01%
AGCO	F	0.02%	0.1%	0.02%
AIZ	A	0.09%	0.18%	0.09%
AKAM	F	0.02%	0.21%	0.02%
ALGN	D	0.01%	0.23%	0.01%
ALLY	C	0.05%	0.18%	0.05%
ALSN	B	0.11%	0.17%	0.11%
AMG	C	0.06%	0.08%	0.06%
AMKR	F	0.03%	0.05%	0.03%
AN	D	0.06%	0.08%	0.06%
AOS	F	0.08%	0.15%	0.08%
APG	C	0.02%	0.1%	0.02%
APP	A	0.11%	0.81%	0.11%
AR	B	0.05%	0.17%	0.05%
ARMK	C	0.01%	0.13%	0.01%
ARW	F	0.04%	0.1%	0.04%
ATI	C	0.04%	0.12%	0.04%
ATO	A	0.02%	0.29%	0.02%
ATR	B	0.08%	0.18%	0.08%
AVY	D	0.09%	0.24%	0.09%
AXTA	B	0.02%	0.13%	0.02%
AYI	B	0.1%	0.17%	0.1%
BAH	D	0.15%	0.33%	0.15%
BALL	D	0.07%	0.25%	0.07%
BAX	F	0.04%	0.13%	0.04%
BBY	D	0.21%	0.3%	0.21%
BC	D	0.06%	0.08%	0.06%
BEN	C	0.02%	0.09%	0.02%
BERY	D	0.06%	0.1%	0.06%
BFAM	F	0.02%	0.06%	0.02%
BIIB	F	0.07%	0.29%	0.07%
BJ	B	0.03%	0.18%	0.03%
BLD	F	0.03%	0.16%	0.03%
BLDR	D	0.04%	0.35%	0.04%
BMRN	F	0.01%	0.16%	0.01%
BR	B	0.17%	0.38%	0.17%
BRKR	F	0.02%	0.05%	0.02%
BRO	B	0.12%	0.25%	0.12%
BURL	A	0.03%	0.17%	0.03%
BWA	D	0.01%	0.13%	0.01%
BWXT	A	0.11%	0.19%	0.11%
CACC	F	0.01%	0.03%	0.01%
CASY	A	0.16%	0.27%	0.16%
CBRE	B	0.05%	0.45%	0.05%
CBSH	A	0.01%	0.12%	0.01%
CCK	D	0.06%	0.15%	0.06%
CCL	A	0.02%	0.52%	0.02%
CDW	F	0.03%	0.4%	0.03%
CFG	B	0.04%	0.32%	0.04%
CFR	B	0.01%	0.13%	0.01%
CG	B	0.03%	0.19%	0.03%
CHD	A	0.07%	0.37%	0.07%
CHE	F	0.06%	0.12%	0.06%
CHRW	B	0.14%	0.14%	0.14%
CINF	A	0.02%	0.34%	0.02%
CLF	F	0.01%	0.1%	0.01%
CLH	C	0.04%	0.22%	0.04%
CLX	A	0.12%	0.25%	0.12%
CMA	B	0.04%	0.18%	0.04%
CMC	B	0.06%	0.12%	0.06%
CMI	A	0.14%	0.57%	0.14%
CMS	C	0.03%	0.18%	0.03%
CNC	F	0.04%	0.15%	0.04%
CNM	C	0.01%	0.07%	0.01%
COHR	B	0.03%	0.16%	0.03%
COIN	A	0.1%	0.53%	0.1%
COKE	C	0.03%	0.08%	0.03%
CPAY	A	0.03%	0.34%	0.03%
CPB	D	0.04%	0.08%	0.04%
CR	A	0.01%	0.1%	0.01%
CROX	F	0.01%	0.07%	0.01%
CSL	C	0.02%	0.4%	0.02%
CTLT	D	0.02%	0.13%	0.02%
CTVA	C	0.04%	0.14%	0.04%
CWEN	C	0.01%	0.02%	0.01%
CWEN	C	0.01%	0.01%	0.01%
DCI	B	0.04%	0.15%	0.04%
DD	D	0.1%	0.46%	0.1%
DDS	B	0.03%	0.03%	0.03%
DECK	A	0.17%	0.47%	0.17%
DFS	B	0.1%	0.64%	0.1%
DG	F	0.09%	0.13%	0.09%
DINO	D	0.01%	0.13%	0.01%
DKS	D	0.08%	0.12%	0.08%
DLB	F	0.02%	0.07%	0.02%
DLTR	F	0.03%	0.11%	0.03%
DOV	B	0.04%	0.39%	0.04%
DOW	F	0.02%	0.34%	0.02%
DRI	C	0.03%	0.31%	0.03%
DTE	C	0.02%	0.2%	0.02%
DTM	A	0.01%	0.16%	0.01%
DVA	C	0.16%	0.12%	0.12%
EA	A	0.18%	0.48%	0.18%
EBAY	D	0.36%	0.3%	0.3%
ED	C	0.05%	0.31%	0.05%
EFX	F	0.11%	0.37%	0.11%
EHC	B	0.09%	0.14%	0.09%
EIX	C	0.05%	0.13%	0.05%
ELAN	D	0.01%	0.1%	0.01%
EME	A	0.04%	0.44%	0.04%
EMN	D	0.04%	0.21%	0.04%
EQH	B	0.08%	0.29%	0.08%
ERIE	F	0.04%	0.18%	0.04%
ES	C	0.03%	0.11%	0.03%
ESAB	C	0.01%	0.09%	0.01%
ESNT	D	0.01%	0.09%	0.01%
ETR	A	0.05%	0.36%	0.05%
EVR	B	0.13%	0.2%	0.13%
EVRG	A	0.02%	0.13%	0.02%
EWBC	A	0.02%	0.25%	0.02%
EXC	C	0.07%	0.1%	0.07%
EXEL	B	0.05%	0.16%	0.05%
EXP	B	0.07%	0.18%	0.07%
EXPD	D	0.11%	0.31%	0.11%
FAF	C	0.02%	0.1%	0.02%
FANG	D	0.05%	0.1%	0.05%
FCNCA	A	0.06%	0.47%	0.06%
FDS	B	0.04%	0.29%	0.04%
FE	C	0.03%	0.12%	0.03%
FFIV	B	0.06%	0.21%	0.06%
FHN	A	0.01%	0.1%	0.01%
FIS	C	0.07%	0.5%	0.07%
FITB	B	0.04%	0.53%	0.04%
FIX	A	0.06%	0.26%	0.06%
FLEX	B	0.05%	0.3%	0.05%
FLO	D	0.04%	0.03%	0.03%
FLR	B	0.01%	0.15%	0.01%
FNF	A	0.03%	0.24%	0.03%
FOXA	B	0.11%	0.22%	0.11%
FTI	A	0.04%	0.26%	0.04%
FYBR	C	0.01%	0.07%	0.01%
G	B	0.06%	0.09%	0.06%
GAP	D	0.06%	0.09%	0.06%
GDDY	A	0.12%	0.25%	0.12%
GEHC	D	0.07%	0.38%	0.07%
GGG	B	0.03%	0.24%	0.03%
GIS	F	0.17%	0.24%	0.17%
GLW	B	0.2%	0.55%	0.2%
GME	C	0.02%	0.16%	0.02%
GMED	A	0.03%	0.13%	0.03%
GNRC	B	0.06%	0.14%	0.06%
GNTX	F	0.05%	0.11%	0.05%
GPK	D	0.08%	0.12%	0.08%
GWRE	A	0.02%	0.19%	0.02%
H	B	0.01%	0.06%	0.01%
HAE	C	0.03%	0.02%	0.02%
HBAN	B	0.03%	0.41%	0.03%
HIG	B	0.06%	0.63%	0.06%
HII	F	0.02%	0.1%	0.02%
HOLX	D	0.03%	0.19%	0.03%
HPE	B	0.11%	0.44%	0.11%
HRB	D	0.08%	0.15%	0.08%
HRL	D	0.02%	0.12%	0.02%
HSY	F	0.05%	0.17%	0.05%
HUBB	B	0.03%	0.35%	0.03%
HWM	A	0.17%	0.51%	0.17%
HXL	F	0.03%	0.06%	0.03%
IDXX	F	0.05%	0.09%	0.05%
IEX	B	0.09%	0.22%	0.09%
IFF	D	0.03%	0.18%	0.03%
IGT	F	0.01%	0.0%	0.0%
INCY	C	0.01%	0.17%	0.01%
INGR	B	0.07%	0.15%	0.07%
IP	A	0.09%	0.32%	0.09%
IPG	F	0.04%	0.11%	0.04%
IR	B	0.09%	0.46%	0.09%
IT	C	0.15%	0.55%	0.15%
ITT	A	0.08%	0.2%	0.08%
IVZ	C	0.03%	0.09%	0.03%
JBHT	C	0.02%	0.26%	0.02%
JBL	C	0.03%	0.35%	0.03%
JEF	A	0.03%	0.17%	0.03%
JKHY	D	0.1%	0.19%	0.1%
JLL	D	0.06%	0.16%	0.06%
JNPR	D	0.13%	0.09%	0.09%
K	B	0.15%	0.32%	0.15%
KBR	F	0.02%	0.11%	0.02%
KEX	B	0.02%	0.13%	0.02%
KEY	B	0.03%	0.29%	0.03%
KNX	B	0.01%	0.1%	0.01%
KR	B	0.38%	0.12%	0.12%
L	A	0.06%	0.24%	0.06%
LAD	B	0.02%	0.19%	0.02%
LANC	D	0.04%	0.02%	0.02%
LBRDK	C	0.03%	0.15%	0.03%
LDOS	C	0.11%	0.28%	0.11%
LEA	F	0.01%	0.08%	0.01%
LECO	C	0.06%	0.18%	0.06%
LII	A	0.21%	0.36%	0.21%
LNT	A	0.02%	0.13%	0.02%
LNW	F	0.02%	0.12%	0.02%
LPLA	A	0.07%	0.42%	0.07%
LSTR	D	0.09%	0.11%	0.09%
LUMN	C	0.06%	0.02%	0.02%
LW	C	0.03%	0.12%	0.03%
LYB	F	0.15%	0.37%	0.15%
MANH	D	0.03%	0.29%	0.03%
MAS	D	0.06%	0.11%	0.06%
MHK	D	0.01%	0.09%	0.01%
MKC	D	0.05%	0.15%	0.05%
MKTX	D	0.02%	0.08%	0.02%
MLI	B	0.09%	0.18%	0.09%
MLM	B	0.07%	0.52%	0.07%
MORN	B	0.03%	0.13%	0.03%
MOS	D	0.01%	0.1%	0.01%
MPWR	F	0.06%	0.24%	0.06%
MRO	A	0.03%	0.34%	0.03%
MSA	D	0.02%	0.1%	0.02%
MSM	D	0.06%	0.02%	0.02%
MTB	A	0.04%	0.55%	0.04%
MTG	D	0.02%	0.12%	0.02%
MTH	D	0.06%	0.12%	0.06%
MTN	C	0.05%	0.08%	0.05%
MUR	F	0.01%	0.1%	0.01%
MUSA	B	0.16%	0.19%	0.16%
NBIX	C	0.04%	0.18%	0.04%
NDAQ	A	0.05%	0.38%	0.05%
NEU	D	0.02%	0.07%	0.02%
NFG	A	0.05%	0.08%	0.05%
NI	A	0.02%	0.12%	0.02%
NOV	D	0.01%	0.11%	0.01%
NRG	B	0.07%	0.23%	0.07%
NSIT	F	0.05%	0.09%	0.05%
NTAP	C	0.1%	0.4%	0.1%
NTRS	A	0.03%	0.35%	0.03%
NVR	D	0.09%	0.13%	0.09%
NWSA	B	0.04%	0.17%	0.04%
NXST	C	0.05%	0.06%	0.05%
NYT	D	0.03%	0.13%	0.03%
OC	A	0.02%	0.33%	0.02%
OLN	F	0.04%	0.07%	0.04%
OMC	C	0.06%	0.19%	0.06%
OMF	A	0.03%	0.11%	0.03%
OSK	C	0.04%	0.12%	0.04%
PAG	B	0.02%	0.05%	0.02%
PARA	D	0.01%	0.04%	0.01%
PB	A	0.01%	0.1%	0.01%
PEG	C	0.06%	0.44%	0.06%
PFG	C	0.01%	0.31%	0.01%
PHM	D	0.1%	0.5%	0.1%
PKG	B	0.1%	0.38%	0.1%
PNR	B	0.02%	0.23%	0.02%
PNW	B	0.01%	0.12%	0.01%
POOL	D	0.07%	0.21%	0.07%
POST	C	0.05%	0.07%	0.05%
PPC	B	0.01%	0.03%	0.01%
PPG	F	0.04%	0.4%	0.04%
PPL	A	0.04%	0.23%	0.04%
PSTG	F	0.04%	0.25%	0.04%
PTC	B	0.04%	0.07%	0.04%
PTEN	C	0.01%	0.0%	0.0%
PVH	C	0.02%	0.08%	0.02%
PWR	A	0.12%	0.15%	0.12%
QRVO	F	0.01%	0.09%	0.01%
R	B	0.07%	0.16%	0.07%
RBC	A	0.01%	0.12%	0.01%
RCL	A	0.1%	0.94%	0.1%
RF	A	0.02%	0.4%	0.02%
RGA	B	0.06%	0.24%	0.06%
RGLD	C	0.04%	0.09%	0.04%
RHI	C	0.02%	0.14%	0.02%
RL	C	0.03%	0.13%	0.03%
RLI	A	0.03%	0.12%	0.03%
RMD	C	0.16%	0.41%	0.16%
ROL	B	0.07%	0.18%	0.07%
RPM	B	0.13%	0.28%	0.13%
RPRX	F	0.03%	0.09%	0.03%
RRC	B	0.03%	0.16%	0.03%
RS	B	0.04%	0.3%	0.04%
SAIC	F	0.01%	0.01%	0.01%
SCI	A	0.07%	0.14%	0.07%
SEE	D	0.06%	0.04%	0.04%
SEIC	B	0.09%	0.16%	0.09%
SF	B	0.02%	0.18%	0.02%
SIGI	B	0.01%	0.09%	0.01%
SKX	F	0.02%	0.12%	0.02%
SM	C	0.03%	0.11%	0.03%
SMCI	F	0.05%	0.02%	0.02%
SON	F	0.04%	0.07%	0.04%
SQ	A	0.06%	0.28%	0.06%
SSB	B	0.01%	0.13%	0.01%
SSNC	C	0.02%	0.19%	0.02%
STE	D	0.07%	0.31%	0.07%
STLD	B	0.04%	0.4%	0.04%
SYF	B	0.31%	0.46%	0.31%
SYY	D	0.12%	0.41%	0.12%
TAP	B	0.09%	0.18%	0.09%
TER	F	0.03%	0.25%	0.03%
TFX	F	0.02%	0.08%	0.02%
THC	C	0.28%	0.21%	0.21%
THO	C	0.07%	0.09%	0.07%
TKR	F	0.04%	0.08%	0.04%
TMHC	B	0.09%	0.14%	0.09%
TNET	F	0.01%	0.05%	0.01%
TOL	B	0.06%	0.29%	0.06%
TPR	B	0.01%	0.13%	0.01%
TPX	B	0.03%	0.14%	0.03%
TRGP	A	0.11%	0.73%	0.11%
TROW	B	0.09%	0.41%	0.09%
TSCO	D	0.11%	0.38%	0.11%
TSN	B	0.18%	0.22%	0.18%
TTC	F	0.06%	0.08%	0.06%
TTWO	A	0.07%	0.16%	0.07%
TW	A	0.06%	0.2%	0.06%
TXRH	B	0.06%	0.18%	0.06%
UAL	A	0.02%	0.51%	0.02%
UFPI	C	0.07%	0.16%	0.07%
UHAL	D	0.01%	0.11%	0.01%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.01%	0.11%	0.01%
UHS	D	0.06%	0.15%	0.06%
ULTA	F	0.04%	0.2%	0.04%
UNM	A	0.04%	0.2%	0.04%
URI	B	0.09%	0.75%	0.09%
USFD	A	0.05%	0.2%	0.05%
UTHR	C	0.19%	0.29%	0.19%
VFC	C	0.02%	0.07%	0.02%
VNT	C	0.01%	0.09%	0.01%
VST	A	0.23%	0.92%	0.23%
VTRS	A	0.14%	0.25%	0.14%
WAB	B	0.05%	0.37%	0.05%
WAL	B	0.02%	0.2%	0.02%
WAT	C	0.05%	0.31%	0.05%
WBS	A	0.02%	0.17%	0.02%
WCC	B	0.09%	0.15%	0.09%
WH	B	0.04%	0.11%	0.04%
WHR	B	0.03%	0.06%	0.03%
WMS	F	0.02%	0.17%	0.02%
WRB	B	0.02%	0.27%	0.02%
WSM	D	0.18%	0.35%	0.18%
WSO	A	0.17%	0.23%	0.17%
WST	D	0.05%	0.35%	0.05%
WTFC	B	0.01%	0.14%	0.01%
WWD	B	0.01%	0.14%	0.01%
X	C	0.03%	0.14%	0.03%
XPO	B	0.04%	0.3%	0.04%
XRAY	D	0.02%	0.03%	0.02%
XYL	D	0.1%	0.3%	0.1%
ZION	B	0.02%	0.18%	0.02%

MFUS Overweight 474 Positions Relative to AVMC

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	C	2.35%
NVDA	A	1.9%
WMT	A	1.71%
AMZN	B	1.71%
AVGO	C	1.59%
ORCL	A	1.52%
ABBV	F	1.36%
COST	A	1.35%
JNJ	D	1.18%
IBM	C	1.05%
PG	C	1.01%
VZ	C	1.0%
KO	D	1.0%
JPM	A	0.99%
WFC	A	0.97%
AAPL	C	0.96%
AMGN	D	0.94%
GILD	C	0.87%
PM	A	0.87%
MRK	F	0.84%
UNH	C	0.79%
QCOM	F	0.77%
LMT	D	0.75%
PEP	F	0.74%
TGT	B	0.74%
MO	A	0.73%
T	A	0.73%
C	B	0.69%
CSCO	B	0.68%
CVS	F	0.65%
MCK	A	0.63%
HD	A	0.62%
MMM	D	0.6%
PGR	B	0.59%
PFE	F	0.57%
GE	D	0.56%
AMAT	F	0.55%
MCD	D	0.53%
NFLX	A	0.52%
UNP	D	0.51%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
GS	B	0.41%
BMY	A	0.41%
GM	B	0.4%
CVX	A	0.39%
TJX	A	0.37%
NOW	B	0.36%
REGN	F	0.36%
CL	D	0.35%
LOW	C	0.35%
NOC	D	0.35%
MPC	D	0.34%
AIG	C	0.34%
MET	A	0.32%
V	A	0.31%
CHTR	B	0.3%
ISRG	A	0.29%
ICE	C	0.29%
TXN	C	0.29%
COF	B	0.29%
SPGI	D	0.29%
WM	B	0.28%
MA	B	0.28%
HPQ	B	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
LHX	B	0.26%
ALL	A	0.26%
FICO	B	0.25%
ACN	C	0.25%
PANW	B	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	C	0.25%
DHR	D	0.24%
GD	D	0.24%
UPS	C	0.24%
AON	B	0.24%
KLAC	F	0.23%
AXP	B	0.23%
MDLZ	F	0.23%
PLTR	A	0.23%
PSX	C	0.23%
PRU	B	0.23%
RTX	D	0.22%
SHW	C	0.22%
NEE	C	0.22%
MS	A	0.22%
VRTX	D	0.22%
UBER	F	0.21%
AFL	C	0.21%
GWW	B	0.21%
MSI	B	0.2%
MMC	D	0.2%
INTC	C	0.2%
TRV	A	0.2%
BSX	A	0.2%
ORLY	B	0.2%
CAT	C	0.2%
CMG	C	0.2%
FI	A	0.19%
BLK	B	0.19%
CTAS	B	0.19%
BK	B	0.18%
AMP	A	0.18%
COR	B	0.17%
LRCX	F	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	B	0.16%
F	C	0.16%
CB	C	0.16%
VLO	C	0.16%
KMB	C	0.16%
SPG	A	0.16%
CMCSA	B	0.16%
VRSK	B	0.16%
TDG	D	0.15%
MCO	D	0.15%
KHC	F	0.15%
KKR	A	0.15%
CME	A	0.14%
ANET	C	0.14%
PH	B	0.14%
BX	A	0.13%
SO	C	0.13%
DPZ	C	0.13%
FAST	B	0.13%
DUK	C	0.13%
RSG	A	0.13%
AMT	D	0.13%
CI	D	0.13%
YUM	D	0.13%
IRM	C	0.12%
WELL	A	0.12%
WBA	F	0.12%
PNC	B	0.12%
PYPL	B	0.12%
APH	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	C	0.11%
KMI	A	0.11%
USB	B	0.11%
CRS	A	0.11%
WTW	B	0.11%
DASH	A	0.11%
EXR	C	0.11%
CSX	C	0.11%
ADP	B	0.11%
BDX	F	0.11%
OKE	A	0.1%
HLT	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
ITW	B	0.1%
TFC	A	0.09%
DGX	A	0.09%
CPRT	B	0.09%
EMR	A	0.09%
ARES	A	0.09%
CALM	A	0.09%
DLR	A	0.09%
ADSK	B	0.09%
CACI	C	0.09%
GPI	B	0.09%
PSA	C	0.09%
SBUX	A	0.09%
BKR	B	0.08%
AEP	C	0.08%
LPX	B	0.08%
WDC	F	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
NUE	D	0.08%
ABG	B	0.08%
TYL	B	0.08%
MTD	F	0.08%
HLI	B	0.08%
GLPI	C	0.07%
MSCI	B	0.07%
JCI	B	0.07%
CCI	C	0.07%
COP	B	0.07%
BCC	C	0.07%
NSC	B	0.07%
D	C	0.07%
SKYW	B	0.07%
GEO	A	0.07%
CNX	A	0.07%
VNO	C	0.07%
FTNT	B	0.07%
KDP	D	0.07%
AEO	F	0.07%
OTIS	C	0.07%
MNST	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
VIRT	A	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
NKE	F	0.06%
CPT	C	0.06%
KTB	A	0.06%
SLM	B	0.06%
IBKR	A	0.06%
WU	F	0.06%
PK	D	0.06%
DHI	D	0.06%
ROP	C	0.06%
ALNY	D	0.06%
LEN	D	0.06%
TDS	B	0.05%
CNO	B	0.05%
PRIM	A	0.05%
THG	A	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	C	0.05%
TGNA	B	0.05%
CARR	D	0.05%
CRI	F	0.05%
SLGN	A	0.05%
COOP	B	0.05%
SCHW	A	0.05%
ZTS	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	A	0.05%
CBT	C	0.05%
GVA	A	0.05%
ANSS	B	0.05%
HBI	B	0.05%
WEN	C	0.05%
FCN	F	0.05%
MMS	D	0.05%
BTU	C	0.05%
O	C	0.05%
AVT	C	0.04%
EQR	C	0.04%
AWI	B	0.04%
SEM	B	0.04%
AMH	C	0.04%
CRUS	F	0.04%
CXW	B	0.04%
ESS	A	0.04%
INVH	D	0.04%
SMG	C	0.04%
JWN	C	0.04%
AGNC	C	0.04%
BDC	B	0.04%
SLVM	C	0.04%
ADBE	D	0.04%
ELS	B	0.04%
FL	F	0.04%
PAYX	B	0.04%
CAG	F	0.04%
CPNG	D	0.04%
RUSHA	B	0.04%
TRN	A	0.04%
SANM	B	0.04%
VTR	B	0.04%
CVLT	B	0.04%
VRSN	F	0.04%
CUBE	C	0.04%
SJM	D	0.04%
WTM	A	0.04%
OGN	F	0.04%
BHF	C	0.04%
MAC	A	0.04%
GBX	B	0.04%
HUBG	A	0.04%
HEI	A	0.04%
VLTO	C	0.04%
SIG	C	0.04%
MHO	D	0.04%
ZBRA	B	0.04%
GATX	B	0.04%
CRBG	B	0.04%
HOOD	A	0.04%
JHG	B	0.04%
AROC	A	0.04%
ABM	B	0.04%
NDSN	D	0.04%
WERN	B	0.04%
MAR	B	0.04%
SBAC	D	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
KMPR	A	0.03%
LZB	B	0.03%
WPC	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	D	0.03%
COLD	F	0.03%
BKE	B	0.03%
FHI	B	0.03%
LNC	B	0.03%
AVTR	F	0.03%
DELL	B	0.03%
UDR	C	0.03%
PLXS	B	0.03%
OI	D	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
AVB	B	0.03%
AVA	C	0.03%
DBRG	F	0.03%
HSIC	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
MC	B	0.03%
MATX	B	0.03%
MASI	B	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	B	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	F	0.02%
LAUR	A	0.02%
KIM	A	0.02%
BHE	B	0.02%
GT	C	0.02%
PHIN	B	0.02%
ANDE	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
NSP	F	0.02%
HP	C	0.02%
ODFL	B	0.02%
HST	D	0.02%
DNOW	B	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
WKC	D	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
NAVI	F	0.02%
EPC	F	0.02%
M	D	0.02%
MAA	A	0.02%
JBLU	F	0.02%
PFSI	C	0.02%
VVV	D	0.02%
THS	F	0.02%
CC	D	0.02%
NWL	B	0.02%
OHI	B	0.02%
MDU	D	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
SAM	C	0.02%
PSN	C	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
NTCT	C	0.02%
VSCO	A	0.02%
MCY	B	0.02%
AIR	B	0.02%
HOG	F	0.02%
CE	F	0.02%
SBH	B	0.02%
VSTO	A	0.02%
KSS	F	0.02%
RYN	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
GEF	B	0.02%
GHC	B	0.02%
STC	B	0.02%
SVC	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
RKT	F	0.01%
JELD	F	0.01%
SCL	D	0.01%
MLKN	F	0.01%
RVTY	D	0.01%
ARI	C	0.01%
WOR	F	0.01%
CNXN	D	0.01%
SPR	D	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	C	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	C	0.01%
RDN	D	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
OUT	A	0.01%
SHO	D	0.01%
WGO	D	0.01%
AMED	F	0.01%
CNS	B	0.01%
SWX	A	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	D	0.01%
ARCH	B	0.01%
PECO	A	0.01%
OMI	F	0.01%
FDP	B	0.01%
WAFD	B	0.01%
BRC	C	0.01%
DY	C	0.01%
SPB	C	0.01%
NNN	C	0.01%
FELE	B	0.01%
DAN	F	0.01%
WMK	B	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	C	0.01%
DXC	D	0.01%
IDCC	B	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	0.01%
ONB	B	0.01%
TTEK	F	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
HE	C	0.01%
CADE	B	0.01%
PSMT	D	0.01%
ADC	A	0.01%
SATS	C	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	C	0.01%
DEI	B	0.01%
AMWD	C	0.01%
SCS	B	0.01%
TDC	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 176 Positions Relative to AVMC

Symbol	Grade	Weight
VRT	A	-0.72%
DAL	A	-0.62%
TPL	A	-0.59%
ACGL	D	-0.54%
RJF	A	-0.52%
VMC	B	-0.5%
GRMN	B	-0.48%
ON	F	-0.46%
DVN	F	-0.45%
MSTR	A	-0.44%
STT	B	-0.43%
ROK	B	-0.42%
KEYS	C	-0.39%
VEEV	C	-0.39%
CSGP	F	-0.38%
MKL	A	-0.37%
EQT	A	-0.35%
EXPE	B	-0.34%
CTRA	B	-0.34%
XEL	A	-0.31%
CF	A	-0.3%
SNA	B	-0.29%
CBOE	C	-0.29%
MOH	F	-0.29%
OVV	C	-0.28%
LUV	B	-0.28%
SAIA	C	-0.27%
ZM	B	-0.26%
FSLR	F	-0.26%
TXT	D	-0.26%
LH	B	-0.25%
TWLO	A	-0.24%
EG	D	-0.24%
PINS	F	-0.24%
WBD	B	-0.22%
AWK	C	-0.22%
APTV	F	-0.22%
KNSL	B	-0.21%
SWKS	F	-0.21%
KMX	C	-0.21%
PRI	A	-0.2%
AEE	A	-0.2%
KVUE	A	-0.2%
ZBH	C	-0.2%
WEC	A	-0.19%
RNR	C	-0.19%
PFGC	B	-0.19%
GPC	F	-0.19%
AMCR	D	-0.19%
SOFI	A	-0.19%
ALLE	D	-0.18%
NCLH	B	-0.18%
AIT	B	-0.18%
J	D	-0.18%
ALB	B	-0.18%
PAYC	B	-0.17%
FN	B	-0.17%
AFG	A	-0.17%
AFRM	A	-0.17%
PNFP	B	-0.17%
CTSH	C	-0.16%
PR	B	-0.16%
BSY	D	-0.16%
GL	C	-0.16%
EPAM	C	-0.16%
CIEN	B	-0.15%
FBIN	F	-0.15%
FND	F	-0.15%
ORI	A	-0.15%
ILMN	C	-0.14%
ROKU	D	-0.14%
Z	A	-0.14%
HLNE	A	-0.14%
MTDR	C	-0.14%
AXS	A	-0.13%
MRNA	F	-0.13%
BILL	B	-0.13%
APA	F	-0.13%
TECH	F	-0.13%
JAZZ	C	-0.13%
ENSG	D	-0.13%
WFRD	F	-0.13%
RIVN	F	-0.13%
ONTO	F	-0.13%
VOYA	B	-0.13%
LYV	A	-0.13%
SSD	D	-0.13%
RVMD	B	-0.12%
HALO	F	-0.12%
TREX	D	-0.12%
PCTY	B	-0.12%
AXON	A	-0.12%
MEDP	D	-0.12%
ALV	C	-0.12%
CHRD	F	-0.11%
WEX	F	-0.11%
OGE	A	-0.11%
PCVX	D	-0.11%
DXCM	C	-0.11%
FLS	A	-0.11%
OLED	F	-0.11%
CHX	C	-0.11%
MAT	D	-0.11%
HAS	D	-0.11%
SNX	D	-0.1%
SITE	D	-0.1%
CZR	F	-0.1%
WSC	F	-0.1%
FOX	A	-0.1%
BPOP	C	-0.1%
S	B	-0.09%
AM	A	-0.09%
OLLI	D	-0.09%
LSCC	D	-0.09%
BECN	B	-0.09%
RYAN	B	-0.09%
ZWS	B	-0.09%
LFUS	D	-0.09%
CHDN	C	-0.09%
CIVI	D	-0.09%
ENLC	A	-0.08%
WLK	F	-0.08%
CGNX	D	-0.08%
DAR	B	-0.08%
BIO	C	-0.08%
IQV	F	-0.08%
CNP	A	-0.08%
MGY	A	-0.08%
CHH	A	-0.07%
BYD	B	-0.07%
SW	A	-0.07%
PATH	C	-0.07%
LULU	C	-0.07%
WTS	B	-0.07%
GFS	C	-0.06%
ST	F	-0.06%
NWS	A	-0.06%
FMC	D	-0.06%
FRPT	A	-0.05%
ENPH	F	-0.05%
ENTG	F	-0.05%
MGM	D	-0.04%
HESM	A	-0.04%
ADTN	A	-0.04%
COLM	B	-0.04%
BOKF	B	-0.04%
IDA	A	-0.04%
SPSC	F	-0.04%
LBRDA	C	-0.03%
OZK	B	-0.03%
CHWY	B	-0.03%
COLB	B	-0.03%
CELH	F	-0.03%
ZG	A	-0.03%
TRMB	B	-0.03%
LCID	F	-0.02%
EL	F	-0.02%
CLVT	D	-0.02%
CNA	C	-0.02%
LEVI	F	-0.02%
ATKR	D	-0.01%
VAL	F	-0.01%
LKQ	F	-0.01%
PII	F	-0.01%
QLYS	C	-0.01%
ACT	D	-0.01%
AGR	A	-0.01%
RMBS	C	-0.0%
CNXC	F	-0.0%
NFE	F	-0.0%
FRHC	A	-0.0%
RIG	D	-0.0%
FRSH	C	-0.0%
RGEN	F	-0.0%
FIZZ	C	-0.0%
REYN	D	-0.0%