MFUS vs. BTHM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to BlackRock Future U.S. Themes ETF (BTHM)

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

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

BTHM

BlackRock Future U.S. Themes ETF

BTHM Description

BlackRock Future U.S. Themes ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. BlackRock Future U.S. Themes ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.12

Average Daily Volume

1,481

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	BTHM
30 Days	2.73%	7.97%
60 Days	3.41%	9.77%
90 Days	5.38%	4.47%
12 Months	32.49%	40.34%

114 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in BTHM	Overlap
AAPL	C	0.96%	4.98%	0.96%
ACM	A	0.03%	0.16%	0.03%
ACN	C	0.25%	0.61%	0.25%
ADBE	C	0.04%	0.02%	0.02%
ADP	B	0.11%	0.27%	0.11%
AFL	B	0.21%	0.21%	0.21%
ALSN	B	0.11%	0.09%	0.09%
AMAT	F	0.55%	0.34%	0.34%
AMG	B	0.06%	0.12%	0.06%
AMZN	C	1.71%	3.58%	1.71%
ANF	C	0.25%	0.37%	0.25%
APH	A	0.12%	2.14%	0.12%
ATR	B	0.08%	0.37%	0.08%
AVGO	D	1.59%	1.67%	1.59%
AWI	A	0.04%	0.04%	0.04%
AZO	C	0.28%	0.15%	0.15%
BAH	F	0.15%	0.48%	0.15%
BKR	B	0.08%	0.13%	0.08%
BRK.A	B	2.42%	2.32%	2.32%
BRO	B	0.12%	0.04%	0.04%
BSX	B	0.2%	1.93%	0.2%
CACI	D	0.09%	0.16%	0.09%
CAH	B	0.27%	0.02%	0.02%
CAT	B	0.2%	0.59%	0.2%
CDW	F	0.03%	0.01%	0.01%
CHD	B	0.07%	0.06%	0.06%
CL	D	0.35%	1.51%	0.35%
CLH	B	0.04%	0.43%	0.04%
COST	B	1.35%	2.72%	1.35%
CPRT	A	0.09%	0.45%	0.09%
CRS	A	0.11%	0.2%	0.11%
CRUS	D	0.04%	0.21%	0.04%
CSCO	B	0.68%	0.67%	0.67%
CTAS	B	0.19%	0.07%	0.07%
CVLT	B	0.04%	0.69%	0.04%
DDS	B	0.03%	0.41%	0.03%
DECK	A	0.17%	0.6%	0.17%
DKS	C	0.08%	0.37%	0.08%
DTM	B	0.01%	0.6%	0.01%
DY	D	0.01%	0.51%	0.01%
ECL	D	0.08%	0.11%	0.08%
EHC	B	0.09%	0.17%	0.09%
EME	C	0.04%	1.06%	0.04%
ESNT	D	0.01%	0.12%	0.01%
EXP	A	0.07%	0.1%	0.07%
FANG	D	0.05%	0.05%	0.05%
FAST	B	0.13%	0.23%	0.13%
FFIV	B	0.06%	0.3%	0.06%
FI	A	0.19%	0.6%	0.19%
FIX	A	0.06%	0.44%	0.06%
FLR	B	0.01%	0.26%	0.01%
GAP	C	0.06%	0.09%	0.06%
GDDY	A	0.12%	0.62%	0.12%
GE	D	0.56%	2.41%	0.56%
GGG	B	0.03%	0.49%	0.03%
GWRE	A	0.02%	0.04%	0.02%
GWW	B	0.21%	0.34%	0.21%
HLT	A	0.1%	0.32%	0.1%
HUBB	B	0.03%	0.24%	0.03%
HWM	A	0.17%	0.27%	0.17%
IR	B	0.09%	0.58%	0.09%
ITT	A	0.08%	0.43%	0.08%
JBL	B	0.03%	0.37%	0.03%
JHG	A	0.04%	0.04%	0.04%
KLAC	D	0.23%	0.06%	0.06%
KR	B	0.38%	0.24%	0.24%
LECO	B	0.06%	0.43%	0.06%
LII	A	0.21%	0.57%	0.21%
LNW	D	0.02%	0.31%	0.02%
LOW	D	0.35%	1.56%	0.35%
LPX	B	0.08%	0.03%	0.03%
LRCX	F	0.17%	0.32%	0.17%
MAR	B	0.04%	0.24%	0.04%
MCK	B	0.63%	0.24%	0.24%
META	D	2.35%	2.19%	2.19%
MLI	C	0.09%	0.69%	0.09%
MLM	B	0.07%	0.23%	0.07%
MMC	B	0.2%	0.37%	0.2%
MSI	B	0.2%	0.51%	0.2%
MUSA	A	0.16%	0.17%	0.16%
NFLX	A	0.52%	0.41%	0.41%
NOC	D	0.35%	0.23%	0.23%
NRG	B	0.07%	0.12%	0.07%
NTAP	C	0.1%	0.28%	0.1%
NVDA	C	1.9%	8.88%	1.9%
OC	A	0.02%	0.18%	0.02%
ORCL	B	1.52%	0.63%	0.63%
ORLY	B	0.2%	0.18%	0.18%
OTIS	C	0.07%	0.08%	0.07%
PAG	B	0.02%	0.11%	0.02%
PG	A	1.01%	2.2%	1.01%
PHM	D	0.1%	0.27%	0.1%
PPC	C	0.01%	2.22%	0.01%
PSTG	D	0.04%	1.14%	0.04%
PTC	A	0.04%	0.46%	0.04%
PWR	A	0.12%	0.33%	0.12%
QCOM	F	0.77%	0.43%	0.43%
RS	B	0.04%	0.02%	0.02%
RSG	A	0.13%	0.57%	0.13%
SEIC	B	0.09%	0.13%	0.09%
SFM	A	0.25%	0.36%	0.25%
SKX	D	0.02%	0.04%	0.02%
SM	B	0.03%	0.19%	0.03%
SSNC	B	0.02%	0.78%	0.02%
TJX	A	0.37%	3.01%	0.37%
TMHC	B	0.09%	0.29%	0.09%
TRGP	B	0.11%	0.77%	0.11%
TXN	C	0.29%	0.99%	0.29%
UFPI	B	0.07%	0.2%	0.07%
VLTO	D	0.04%	0.14%	0.04%
VRSK	A	0.16%	0.18%	0.16%
WM	A	0.28%	0.08%	0.08%
WMT	A	1.71%	1.84%	1.71%
WSM	B	0.18%	0.16%	0.16%

MFUS Overweight 701 Positions Relative to BTHM

Symbol	Grade	Weight
LLY	F	2.39%
ABBV	D	1.36%
JNJ	D	1.18%
IBM	C	1.05%
VZ	C	1.0%
KO	D	1.0%
JPM	A	0.99%
WFC	A	0.97%
AMGN	D	0.94%
GILD	C	0.87%
PM	B	0.87%
MRK	F	0.84%
UNH	C	0.79%
LMT	D	0.75%
PEP	F	0.74%
TGT	F	0.74%
MO	A	0.73%
T	A	0.73%
C	A	0.69%
CVS	D	0.65%
HD	A	0.62%
MMM	D	0.6%
PGR	A	0.59%
PFE	D	0.57%
MCD	D	0.53%
UNP	C	0.51%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
GS	A	0.41%
BMY	B	0.41%
GM	B	0.4%
CVX	A	0.39%
NOW	A	0.36%
EBAY	D	0.36%
REGN	F	0.36%
MPC	D	0.34%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
COF	B	0.29%
SPGI	C	0.29%
THC	D	0.28%
MA	C	0.28%
HPQ	B	0.28%
TMO	F	0.28%
LHX	C	0.26%
ALL	A	0.26%
FICO	B	0.25%
PANW	C	0.25%
HCA	F	0.25%
DHR	F	0.24%
GD	F	0.24%
UPS	C	0.24%
AON	A	0.24%
AXP	A	0.23%
MDLZ	F	0.23%
PLTR	B	0.23%
PSX	C	0.23%
PRU	A	0.23%
VST	B	0.23%
RTX	C	0.22%
SHW	A	0.22%
NEE	D	0.22%
ADM	D	0.22%
MS	A	0.22%
VRTX	F	0.22%
UBER	D	0.21%
BBY	D	0.21%
GLW	B	0.2%
INTC	D	0.2%
TRV	B	0.2%
CMG	B	0.2%
BLK	C	0.19%
UTHR	C	0.19%
TSN	B	0.18%
BK	A	0.18%
AMP	A	0.18%
EA	A	0.18%
COR	B	0.17%
BR	A	0.17%
WSO	A	0.17%
GIS	D	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	B	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	B	0.16%
CB	C	0.16%
VLO	C	0.16%
KMB	D	0.16%
SPG	B	0.16%
CMCSA	B	0.16%
CASY	A	0.16%
TDG	D	0.15%
MCO	B	0.15%
KHC	F	0.15%
IT	C	0.15%
K	A	0.15%
LYB	F	0.15%
KKR	A	0.15%
CME	A	0.14%
CHRW	C	0.14%
ANET	C	0.14%
CMI	A	0.14%
VTRS	A	0.14%
PH	A	0.14%
BX	A	0.13%
SO	D	0.13%
DPZ	C	0.13%
EVR	B	0.13%
DUK	C	0.13%
JNPR	F	0.13%
RPM	A	0.13%
AMT	D	0.13%
CI	F	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
PNC	B	0.12%
SYY	B	0.12%
PYPL	B	0.12%
CLX	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
EXPD	D	0.11%
USB	A	0.11%
WTW	B	0.11%
HPE	B	0.11%
DASH	A	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
BDX	F	0.11%
OKE	A	0.1%
COIN	C	0.1%
AYI	B	0.1%
PKG	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
AIZ	A	0.09%
TFC	A	0.09%
DGX	A	0.09%
TAP	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
ARES	A	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
DLR	B	0.09%
TROW	B	0.09%
ADSK	A	0.09%
IP	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
HRB	D	0.08%
AEP	D	0.08%
WDC	D	0.08%
AOS	F	0.08%
SLG	B	0.08%
SRE	A	0.08%
NUE	C	0.08%
GPK	C	0.08%
ABG	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
EQH	B	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
JCI	C	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
NSC	B	0.07%
D	C	0.07%
SKYW	B	0.07%
GEHC	F	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
R	B	0.07%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	F	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
TW	A	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
JLL	D	0.06%
NKE	D	0.06%
HIG	B	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
MAS	D	0.06%
WU	D	0.06%
SQ	B	0.06%
L	A	0.06%
PK	B	0.06%
TXRH	C	0.06%
DHI	D	0.06%
TTC	D	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
OMC	C	0.06%
ROP	B	0.06%
TOL	B	0.06%
ALNY	D	0.06%
LEN	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FLEX	A	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	B	0.05%
NSIT	F	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	D	0.05%
TGNA	B	0.05%
A	D	0.05%
WST	C	0.05%
GNTX	C	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CARR	D	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
IDXX	F	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	D	0.05%
WAB	B	0.05%
MMS	F	0.05%
HSY	F	0.05%
WAT	B	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
O	D	0.05%
MKC	D	0.05%
SON	D	0.04%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
EQR	B	0.04%
PPL	B	0.04%
SEM	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	C	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
FLO	D	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
CFG	B	0.04%
PAYX	C	0.04%
ARW	D	0.04%
CAG	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	0.04%
STLD	B	0.04%
MAC	B	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
GATX	A	0.04%
CRBG	B	0.04%
FITB	A	0.04%
HOOD	B	0.04%
CMA	A	0.04%
UNM	A	0.04%
PPG	F	0.04%
AROC	B	0.04%
ABM	B	0.04%
NDSN	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
DOV	A	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
SBAC	D	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	F	0.03%
ACA	A	0.03%
KMPR	B	0.03%
LZB	B	0.03%
KEY	B	0.03%
WPC	D	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	D	0.03%
MAN	D	0.03%
DK	C	0.03%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
BKE	B	0.03%
FHI	A	0.03%
MRO	B	0.03%
LNC	B	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	A	0.03%
X	C	0.03%
NTRS	A	0.03%
TER	D	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
WHR	B	0.03%
CG	A	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	0.03%
ASO	F	0.03%
SHOO	D	0.03%
AVB	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
CMS	C	0.03%
LW	C	0.03%
HSIC	B	0.03%
HOLX	D	0.03%
COHR	B	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	B	0.03%
BLD	D	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
HBAN	A	0.03%
IVZ	B	0.03%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	A	0.03%
ES	D	0.03%
TPX	B	0.03%
NYT	C	0.03%
BJ	A	0.03%
MORN	B	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	B	0.02%
LXP	D	0.02%
SAH	A	0.02%
KEX	C	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	D	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
KIM	A	0.02%
AA	B	0.02%
SF	B	0.02%
BHE	B	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
WBS	A	0.02%
PHIN	A	0.02%
ATO	A	0.02%
BEN	C	0.02%
RF	A	0.02%
WAL	B	0.02%
CSL	C	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	D	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
WMS	D	0.02%
PNR	A	0.02%
EPC	D	0.02%
M	D	0.02%
MAA	B	0.02%
LNT	A	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	0.02%
RHI	B	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	0.02%
SXT	B	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
SAM	C	0.02%
CTLT	B	0.02%
PSN	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	0.02%
CINF	A	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
CE	F	0.02%
FAF	A	0.02%
SBH	C	0.02%
HII	D	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	B	0.02%
RYN	D	0.02%
AKAM	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
TFX	F	0.02%
GEF	A	0.02%
MSA	D	0.02%
WRB	A	0.02%
NEU	C	0.02%
GHC	C	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	D	0.01%
IGT	F	0.01%
CACC	D	0.01%
PARA	C	0.01%
RVTY	F	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	C	0.01%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	A	0.01%
ECPG	B	0.01%
ALEX	C	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	C	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	C	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
SWX	B	0.01%
KALU	C	0.01%
ESI	A	0.01%
CENTA	C	0.01%
CVI	F	0.01%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
PFG	D	0.01%
SIGI	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
SPB	C	0.01%
NNN	D	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
MHK	D	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	D	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	A	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	C	0.01%
ONB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	D	0.01%
TNET	D	0.01%
FYBR	D	0.01%
HE	C	0.01%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	C	0.01%
ALGN	D	0.01%
ADC	B	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	C	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
VNT	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 35 Positions Relative to BTHM

Symbol	Grade	Weight
MSFT	F	-6.58%
ROST	C	-2.57%
CHKP	D	-1.54%
CDNS	B	-1.4%
TT	A	-1.18%
GOOGL	C	-1.14%
GOOG	C	-1.12%
SNPS	B	-0.68%
LIN	D	-0.67%
WCN	A	-0.63%
VMC	B	-0.57%
MTZ	B	-0.57%
ADI	D	-0.51%
SYK	C	-0.51%
BMI	B	-0.49%
BOX	B	-0.35%
GRMN	B	-0.27%
SNX	C	-0.27%
SPOT	B	-0.25%
AXS	A	-0.24%
AMD	F	-0.22%
AXON	A	-0.22%
HESM	B	-0.21%
LKQ	D	-0.13%
VOYA	B	-0.12%
TENB	C	-0.12%
AIT	A	-0.11%
TDW	F	-0.1%
ZETA	D	-0.05%
NXPI	D	-0.04%
SSD	D	-0.03%
GPC	D	-0.03%
OLED	D	-0.03%
MTSI	B	-0.02%
KLG	C	-0.01%