MFUS vs. CDEI ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

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

$50.82

Average Daily Volume

5,379

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.44

Average Daily Volume

653

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	CDEI
30 Days	-1.11%	-0.57%
60 Days	1.55%	2.42%
90 Days	4.69%	3.78%
12 Months	30.86%	24.67%

268 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in CDEI	Overlap
A	F	0.05%	0.12%	0.05%
AAPL	C	0.96%	10.43%	0.96%
ABBV	F	1.36%	1.07%	1.07%
ACM	B	0.03%	0.04%	0.03%
ACN	C	0.25%	0.68%	0.25%
ADBE	F	0.04%	0.67%	0.04%
ADP	B	0.11%	0.37%	0.11%
ADSK	B	0.09%	0.2%	0.09%
AES	F	0.01%	0.03%	0.01%
AIG	A	0.34%	0.15%	0.15%
AKAM	F	0.02%	0.05%	0.02%
ALGN	C	0.01%	0.05%	0.01%
ALL	A	0.26%	0.15%	0.15%
ALNY	D	0.06%	0.1%	0.06%
AMGN	F	0.94%	0.52%	0.52%
AMP	A	0.18%	0.16%	0.16%
AMT	D	0.13%	0.28%	0.13%
ANET	C	0.14%	0.33%	0.14%
ANSS	B	0.05%	0.09%	0.05%
AON	A	0.24%	0.24%	0.24%
APH	B	0.12%	0.27%	0.12%
ATI	D	0.04%	0.02%	0.02%
AVGO	C	1.59%	2.53%	1.59%
AVTR	F	0.03%	0.05%	0.03%
AWI	B	0.04%	0.02%	0.02%
AXP	B	0.23%	0.49%	0.23%
BAC	A	0.45%	0.92%	0.45%
BAH	D	0.15%	0.07%	0.07%
BAX	F	0.04%	0.06%	0.04%
BBWI	C	0.01%	0.02%	0.01%
BBY	D	0.21%	0.05%	0.05%
BC	D	0.06%	0.02%	0.02%
BDX	F	0.11%	0.2%	0.11%
BIIB	F	0.07%	0.08%	0.07%
BK	A	0.18%	0.17%	0.17%
BKNG	A	0.42%	0.51%	0.42%
BKR	A	0.08%	0.13%	0.08%
BLD	F	0.03%	0.03%	0.03%
BMY	B	0.41%	0.33%	0.33%
BR	A	0.17%	0.08%	0.08%
BSX	A	0.2%	0.38%	0.2%
BURL	A	0.03%	0.05%	0.03%
BWA	B	0.01%	0.02%	0.01%
C	A	0.69%	0.39%	0.39%
CADE	B	0.01%	0.02%	0.01%
CAG	F	0.04%	0.04%	0.04%
CARR	D	0.05%	0.19%	0.05%
CASY	B	0.16%	0.05%	0.05%
CCI	C	0.07%	0.14%	0.07%
CCK	D	0.06%	0.03%	0.03%
CFG	A	0.04%	0.06%	0.04%
CFR	B	0.01%	0.02%	0.01%
CI	D	0.13%	0.27%	0.13%
CL	C	0.35%	0.22%	0.22%
CLH	C	0.04%	0.04%	0.04%
CLX	A	0.12%	0.06%	0.06%
CMA	B	0.04%	0.03%	0.03%
CMCSA	B	0.16%	0.51%	0.16%
CME	A	0.14%	0.24%	0.14%
CMI	A	0.14%	0.14%	0.14%
CMS	C	0.03%	0.06%	0.03%
CNC	F	0.04%	0.1%	0.04%
COF	B	0.29%	0.21%	0.21%
COOP	B	0.05%	0.02%	0.02%
CPRT	A	0.09%	0.15%	0.09%
CROX	F	0.01%	0.02%	0.01%
CRUS	F	0.04%	0.02%	0.02%
CSCO	B	0.68%	0.7%	0.68%
CUBE	C	0.04%	0.03%	0.03%
CVLT	B	0.04%	0.02%	0.02%
CVS	D	0.65%	0.22%	0.22%
CWEN	C	0.01%	0.01%	0.01%
DECK	A	0.17%	0.08%	0.08%
DELL	B	0.03%	0.12%	0.03%
DFS	B	0.1%	0.13%	0.1%
DG	F	0.09%	0.05%	0.05%
DHR	F	0.24%	0.49%	0.24%
DKS	D	0.08%	0.03%	0.03%
DLR	A	0.09%	0.18%	0.09%
DLTR	F	0.03%	0.04%	0.03%
DTE	C	0.02%	0.07%	0.02%
EA	A	0.18%	0.12%	0.12%
EBAY	D	0.36%	0.09%	0.09%
ECL	D	0.08%	0.19%	0.08%
EFX	F	0.11%	0.1%	0.1%
ELAN	D	0.01%	0.02%	0.01%
ELS	B	0.04%	0.04%	0.04%
ELV	F	0.16%	0.3%	0.16%
EME	B	0.04%	0.07%	0.04%
EMR	A	0.09%	0.22%	0.09%
EQH	B	0.08%	0.05%	0.05%
ES	C	0.03%	0.07%	0.03%
EWBC	A	0.02%	0.04%	0.02%
EXC	C	0.07%	0.11%	0.07%
EXPD	D	0.11%	0.05%	0.05%
FAF	C	0.02%	0.02%	0.02%
FAST	B	0.13%	0.14%	0.13%
FCN	F	0.05%	0.02%	0.02%
FELE	B	0.01%	0.01%	0.01%
FI	A	0.19%	0.36%	0.19%
FICO	A	0.25%	0.16%	0.16%
FIS	A	0.07%	0.14%	0.07%
FITB	A	0.04%	0.09%	0.04%
FLO	D	0.04%	0.01%	0.01%
G	A	0.06%	0.02%	0.02%
GATX	A	0.04%	0.02%	0.02%
GEN	B	0.11%	0.05%	0.05%
GILD	B	0.87%	0.37%	0.37%
GIS	D	0.17%	0.11%	0.11%
GPK	D	0.08%	0.03%	0.03%
H	B	0.01%	0.02%	0.01%
HBAN	A	0.03%	0.08%	0.03%
HD	A	0.62%	1.2%	0.62%
HIG	A	0.06%	0.1%	0.06%
HLT	A	0.1%	0.18%	0.1%
HOLX	D	0.03%	0.05%	0.03%
HPE	B	0.11%	0.08%	0.08%
HPQ	A	0.28%	0.11%	0.11%
HSIC	C	0.03%	0.03%	0.03%
HST	D	0.02%	0.04%	0.02%
HSY	F	0.05%	0.08%	0.05%
IBM	D	1.05%	0.59%	0.59%
ICE	C	0.29%	0.27%	0.27%
IDXX	F	0.05%	0.11%	0.05%
IEX	B	0.09%	0.05%	0.05%
IFF	F	0.03%	0.06%	0.03%
INTC	C	0.2%	0.34%	0.2%
IPG	F	0.04%	0.03%	0.03%
IR	B	0.09%	0.13%	0.09%
IT	B	0.15%	0.12%	0.12%
ITT	A	0.08%	0.04%	0.04%
JCI	A	0.07%	0.16%	0.07%
JEF	A	0.03%	0.03%	0.03%
JHG	A	0.04%	0.02%	0.02%
JKHY	D	0.1%	0.04%	0.04%
JLL	C	0.06%	0.04%	0.04%
JNPR	D	0.13%	0.04%	0.04%
JPM	A	0.99%	2.02%	0.99%
K	B	0.15%	0.06%	0.06%
KDP	F	0.07%	0.1%	0.07%
KEY	A	0.03%	0.05%	0.03%
KIM	A	0.02%	0.05%	0.02%
KMB	C	0.16%	0.13%	0.13%
KO	D	1.0%	0.74%	0.74%
KR	B	0.38%	0.13%	0.13%
LEA	F	0.01%	0.02%	0.01%
LECO	C	0.06%	0.04%	0.04%
LLY	F	2.39%	2.05%	2.05%
LNC	B	0.03%	0.02%	0.02%
LNT	A	0.02%	0.04%	0.02%
LOW	A	0.35%	0.46%	0.35%
LPLA	A	0.07%	0.07%	0.07%
LRCX	F	0.17%	0.31%	0.17%
M	D	0.02%	0.01%	0.01%
MA	A	0.28%	1.29%	0.28%
MAR	A	0.04%	0.2%	0.04%
MAS	D	0.06%	0.05%	0.05%
MCO	D	0.15%	0.22%	0.15%
MDLZ	F	0.23%	0.26%	0.23%
MET	A	0.32%	0.14%	0.14%
MKSI	C	0.01%	0.02%	0.01%
MKTX	D	0.02%	0.03%	0.02%
MMC	C	0.2%	0.33%	0.2%
MMS	D	0.05%	0.02%	0.02%
MORN	B	0.03%	0.03%	0.03%
MOS	D	0.01%	0.03%	0.01%
MRK	F	0.84%	0.77%	0.77%
MSI	A	0.2%	0.24%	0.2%
MTG	C	0.02%	0.02%	0.02%
MTH	D	0.06%	0.02%	0.02%
MTN	C	0.05%	0.02%	0.02%
MU	D	0.16%	0.38%	0.16%
NDAQ	A	0.05%	0.1%	0.05%
NEE	C	0.22%	0.46%	0.22%
NFLX	A	0.52%	1.03%	0.52%
NNN	C	0.01%	0.02%	0.01%
NOW	B	0.36%	0.63%	0.36%
NRG	B	0.07%	0.06%	0.06%
NTAP	D	0.1%	0.08%	0.08%
NTRS	A	0.03%	0.06%	0.03%
NVDA	B	1.9%	10.58%	1.9%
O	D	0.05%	0.15%	0.05%
OC	A	0.02%	0.05%	0.02%
OGN	F	0.04%	0.01%	0.01%
OHI	C	0.02%	0.03%	0.02%
OMC	C	0.06%	0.06%	0.06%
ONB	B	0.01%	0.02%	0.01%
OTIS	C	0.07%	0.12%	0.07%
PANW	B	0.25%	0.37%	0.25%
PARA	D	0.01%	0.02%	0.01%
PEG	C	0.06%	0.13%	0.06%
PEP	F	0.74%	0.68%	0.68%
PFE	F	0.57%	0.47%	0.47%
PFG	A	0.01%	0.06%	0.01%
PH	B	0.14%	0.27%	0.14%
POOL	D	0.07%	0.04%	0.04%
PRU	A	0.23%	0.13%	0.13%
PVH	C	0.02%	0.02%	0.02%
PWR	A	0.12%	0.14%	0.12%
PYPL	A	0.12%	0.25%	0.12%
QCOM	F	0.77%	0.58%	0.58%
RDN	D	0.01%	0.02%	0.01%
REGN	F	0.36%	0.27%	0.27%
RF	A	0.02%	0.07%	0.02%
RGA	A	0.06%	0.04%	0.04%
RHI	C	0.02%	0.02%	0.02%
RPRX	F	0.03%	0.03%	0.03%
RSG	B	0.13%	0.13%	0.13%
SAIC	D	0.01%	0.02%	0.01%
SBUX	A	0.09%	0.32%	0.09%
SCHW	A	0.05%	0.33%	0.05%
SCI	A	0.07%	0.04%	0.04%
SJM	D	0.04%	0.04%	0.04%
SKX	F	0.02%	0.03%	0.02%
SLGN	A	0.05%	0.01%	0.01%
SNV	B	0.02%	0.02%	0.02%
SON	D	0.04%	0.01%	0.01%
SPG	A	0.16%	0.17%	0.16%
SPGI	C	0.29%	0.47%	0.29%
SRE	A	0.08%	0.17%	0.08%
STE	D	0.07%	0.06%	0.06%
SWX	A	0.01%	0.01%	0.01%
SYF	B	0.31%	0.08%	0.08%
SYY	B	0.12%	0.11%	0.11%
T	A	0.73%	0.48%	0.48%
TER	F	0.03%	0.05%	0.03%
TFC	A	0.09%	0.19%	0.09%
TGT	C	0.74%	0.21%	0.21%
THO	B	0.07%	0.02%	0.02%
TJX	A	0.37%	0.4%	0.37%
TMO	F	0.28%	0.64%	0.28%
TMUS	A	0.43%	0.34%	0.34%
TNET	F	0.01%	0.01%	0.01%
TPX	A	0.03%	0.03%	0.03%
TRV	A	0.2%	0.17%	0.17%
TSCO	D	0.11%	0.09%	0.09%
TTC	D	0.06%	0.03%	0.03%
TTEK	F	0.01%	0.04%	0.01%
TW	A	0.06%	0.05%	0.05%
TXRH	B	0.06%	0.04%	0.04%
TYL	B	0.08%	0.08%	0.08%
UNH	B	0.79%	1.68%	0.79%
UNM	A	0.04%	0.04%	0.04%
UNP	D	0.51%	0.44%	0.44%
USB	A	0.11%	0.23%	0.11%
USFD	B	0.05%	0.05%	0.05%
V	A	0.31%	1.54%	0.31%
VFC	C	0.02%	0.02%	0.02%
VRSN	F	0.04%	0.05%	0.04%
VRTX	C	0.22%	0.39%	0.22%
VTR	C	0.04%	0.08%	0.04%
VZ	C	1.0%	0.51%	0.51%
WAB	B	0.05%	0.1%	0.05%
WAT	B	0.05%	0.07%	0.05%
WDC	F	0.08%	0.07%	0.07%
WELL	A	0.12%	0.25%	0.12%
WHR	A	0.03%	0.02%	0.02%
WM	B	0.28%	0.27%	0.27%
WMT	A	1.71%	1.1%	1.1%
WSO	A	0.17%	0.05%	0.05%
WST	C	0.05%	0.07%	0.05%
WTFC	A	0.01%	0.02%	0.01%
XPO	B	0.04%	0.05%	0.04%
XYL	D	0.1%	0.09%	0.09%
YUM	D	0.13%	0.12%	0.12%
ZBRA	B	0.04%	0.06%	0.04%
ZION	A	0.02%	0.03%	0.02%
ZTS	D	0.05%	0.24%	0.05%

MFUS Overweight 547 Positions Relative to CDEI

Symbol	Grade	Weight
BRK.A	A	2.42%
META	C	2.35%
AMZN	B	1.71%
ORCL	A	1.52%
COST	B	1.35%
JNJ	D	1.18%
PG	C	1.01%
WFC	A	0.97%
PM	A	0.87%
LMT	D	0.75%
MO	A	0.73%
MCK	A	0.63%
MMM	D	0.6%
PGR	B	0.59%
GE	D	0.56%
AMAT	F	0.55%
MCD	D	0.53%
XOM	A	0.43%
GS	A	0.41%
GM	B	0.4%
CVX	A	0.39%
NOC	D	0.35%
MPC	C	0.34%
CHTR	B	0.3%
ISRG	A	0.29%
TXN	B	0.29%
THC	C	0.28%
AZO	A	0.28%
CAH	A	0.27%
LHX	B	0.26%
HCA	F	0.25%
SFM	B	0.25%
ANF	C	0.25%
GD	D	0.24%
UPS	C	0.24%
KLAC	F	0.23%
PLTR	A	0.23%
PSX	C	0.23%
VST	A	0.23%
RTX	D	0.22%
SHW	C	0.22%
ADM	D	0.22%
MS	A	0.22%
UBER	F	0.21%
LII	A	0.21%
AFL	C	0.21%
GWW	B	0.21%
GLW	B	0.2%
ORLY	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
BLK	A	0.19%
UTHR	C	0.19%
CTAS	B	0.19%
TSN	A	0.18%
WSM	D	0.18%
HWM	A	0.17%
COR	B	0.17%
NEM	F	0.16%
AJG	A	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	C	0.16%
CB	C	0.16%
MUSA	A	0.16%
VLO	C	0.16%
VRSK	B	0.16%
TDG	D	0.15%
KHC	F	0.15%
LYB	F	0.15%
KKR	A	0.15%
CHRW	A	0.14%
VTRS	A	0.14%
BX	A	0.13%
SO	C	0.13%
DPZ	C	0.13%
EVR	B	0.13%
DUK	C	0.13%
RPM	A	0.13%
IRM	D	0.12%
WBA	F	0.12%
PNC	A	0.12%
BRO	B	0.12%
GDDY	A	0.12%
CW	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	A	0.11%
CRS	A	0.11%
WTW	B	0.11%
DASH	A	0.11%
ALSN	A	0.11%
EXR	C	0.11%
BWXT	A	0.11%
CSX	B	0.11%
APP	A	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
PHM	D	0.1%
OKE	A	0.1%
COIN	A	0.1%
AYI	B	0.1%
PKG	B	0.1%
JXN	B	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
RCL	A	0.1%
SEIC	A	0.09%
AIZ	A	0.09%
DGX	A	0.09%
TAP	B	0.09%
MLI	B	0.09%
ARES	B	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
TROW	A	0.09%
IP	A	0.09%
EHC	B	0.09%
CACI	C	0.09%
TMHC	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	B	0.09%
PSA	C	0.09%
HRB	D	0.08%
AEP	C	0.08%
LPX	A	0.08%
AOS	F	0.08%
SLG	B	0.08%
NUE	D	0.08%
ABG	B	0.08%
ATR	B	0.08%
MTD	F	0.08%
HLI	B	0.08%
ROL	A	0.07%
GLPI	C	0.07%
MSCI	A	0.07%
UFPI	C	0.07%
EXP	B	0.07%
CHD	A	0.07%
COP	B	0.07%
BCC	A	0.07%
INGR	B	0.07%
NSC	B	0.07%
D	C	0.07%
MLM	B	0.07%
SKYW	B	0.07%
GEHC	D	0.07%
GEO	A	0.07%
CNX	A	0.07%
VNO	C	0.07%
R	B	0.07%
FTNT	B	0.07%
BALL	D	0.07%
AEO	F	0.07%
TTWO	A	0.07%
MNST	B	0.07%
HCC	B	0.07%
STZ	D	0.06%
VIRT	A	0.06%
GAP	C	0.06%
SEE	D	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
NKE	F	0.06%
GNRC	B	0.06%
CPT	D	0.06%
BERY	C	0.06%
KTB	A	0.06%
CHE	D	0.06%
MPWR	F	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
WU	F	0.06%
SQ	A	0.06%
L	A	0.06%
PK	D	0.06%
DHI	F	0.06%
FFIV	B	0.06%
AMG	A	0.06%
AN	D	0.06%
MSM	D	0.06%
ROP	C	0.06%
TOL	B	0.06%
LEN	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FANG	C	0.05%
FLEX	B	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	A	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%
GNTX	D	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CRI	F	0.05%
EIX	C	0.05%
POST	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	A	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	D	0.05%
HBI	A	0.05%
ALLY	C	0.05%
WEN	C	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
MKC	D	0.05%
AVT	C	0.04%
OSK	B	0.04%
LANC	D	0.04%
TKR	F	0.04%
EQR	C	0.04%
PPL	A	0.04%
SEM	B	0.04%
AMH	C	0.04%
CXW	B	0.04%
ESS	A	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	D	0.04%
PSTG	F	0.04%
AGNC	C	0.04%
BDC	B	0.04%
SLVM	B	0.04%
WH	B	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	C	0.04%
OLN	F	0.04%
PAYX	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	B	0.04%
TRN	A	0.04%
SANM	B	0.04%
BLDR	D	0.04%
RGLD	A	0.04%
FDS	A	0.04%
NBIX	D	0.04%
NWSA	B	0.04%
WTM	A	0.04%
PTC	B	0.04%
BHF	B	0.04%
STLD	B	0.04%
MAC	A	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
VLTO	D	0.04%
SIG	C	0.04%
MHO	D	0.04%
CRBG	B	0.04%
HOOD	A	0.04%
RS	B	0.04%
PPG	D	0.04%
AROC	A	0.04%
ABM	B	0.04%
NDSN	C	0.04%
ERIE	F	0.04%
DCI	B	0.04%
WERN	B	0.04%
DOV	B	0.04%
COKE	D	0.03%
RRC	B	0.03%
HXL	F	0.03%
SBAC	C	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
KMPR	A	0.03%
LZB	A	0.03%
WPC	D	0.03%
HAE	B	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	A	0.03%
FNF	C	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	D	0.03%
AMKR	F	0.03%
COLD	F	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
BKE	A	0.03%
FHI	A	0.03%
MRO	A	0.03%
OMF	A	0.03%
X	C	0.03%
UDR	C	0.03%
PLXS	B	0.03%
CDW	F	0.03%
CG	B	0.03%
OI	D	0.03%
PRG	B	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	C	0.03%
AVB	B	0.03%
AVA	C	0.03%
DBRG	F	0.03%
LW	C	0.03%
COHR	C	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	A	0.03%
DDS	B	0.03%
GGG	A	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	C	0.03%
IVZ	B	0.03%
HUBB	B	0.03%
CPAY	A	0.03%
MC	B	0.03%
MATX	B	0.03%
MASI	B	0.03%
NYT	D	0.03%
BJ	B	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	B	0.02%
KEX	A	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	F	0.02%
SSNC	C	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
AA	A	0.02%
SF	A	0.02%
BHE	B	0.02%
BRKR	F	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%
WAL	B	0.02%
CSL	C	0.02%
AXTA	A	0.02%
ANDE	C	0.02%
BXP	D	0.02%
APG	C	0.02%
DOW	F	0.02%
NSP	F	0.02%
HP	C	0.02%
ODFL	B	0.02%
DNOW	B	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	F	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
NAVI	F	0.02%
WMS	F	0.02%
LNW	F	0.02%
PNR	A	0.02%
EPC	D	0.02%
MAA	A	0.02%
AGCO	D	0.02%
KBR	D	0.02%
JBLU	D	0.02%
PFSI	D	0.02%
VVV	B	0.02%
THS	F	0.02%
CC	C	0.02%
DLB	D	0.02%
NWL	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%
GWRE	A	0.02%
SAM	C	0.02%
CTLT	D	0.02%
PSN	C	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
CINF	A	0.02%
NTCT	B	0.02%
VSCO	A	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
CE	F	0.02%
SBH	A	0.02%
PAG	B	0.02%
HII	F	0.02%
BFAM	F	0.02%
VSTO	A	0.02%
KSS	F	0.02%
CCL	A	0.02%
RYN	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
TFX	F	0.02%
GEF	B	0.02%
MSA	D	0.02%
WRB	A	0.02%
NEU	D	0.02%
GHC	B	0.02%
STC	A	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	D	0.01%
KNX	B	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	D	0.01%
MLKN	F	0.01%
IGT	F	0.01%
CACC	D	0.01%
RVTY	D	0.01%
ARI	C	0.01%
WOR	F	0.01%
CNXN	D	0.01%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	B	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	B	0.01%
SEB	F	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	C	0.01%
OUT	A	0.01%
PNW	A	0.01%
SHO	D	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	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%
PB	A	0.01%
CNM	C	0.01%
OMI	F	0.01%
FDP	A	0.01%
SIGI	B	0.01%
WAFD	B	0.01%
BRC	C	0.01%
DY	C	0.01%
SPB	C	0.01%
PPC	B	0.01%
DAN	F	0.01%
WMK	B	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
ESNT	D	0.01%
TPR	A	0.01%
DXC	D	0.01%
IDCC	A	0.01%
LADR	B	0.01%
INCY	B	0.01%
NNI	C	0.01%
GES	F	0.01%
ESAB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
MUR	D	0.01%
CR	B	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	F	0.01%
FYBR	C	0.01%
HE	D	0.01%
FHN	A	0.01%
PSMT	D	0.01%
ADC	A	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	D	0.01%
DTM	A	0.01%
DEI	B	0.01%
AMWD	B	0.01%
PTEN	C	0.01%
SCS	B	0.01%
VNT	C	0.01%
TDC	F	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 102 Positions Relative to CDEI

Symbol	Grade	Weight
MSFT	D	-9.4%
GOOGL	B	-6.05%
CRM	B	-0.87%
AMD	F	-0.73%
ABT	A	-0.6%
INTU	B	-0.56%
DIS	B	-0.54%
ETN	B	-0.43%
SYK	A	-0.4%
ADI	D	-0.34%
MDT	D	-0.34%
DE	C	-0.31%
TT	A	-0.27%
EQIX	A	-0.26%
CRWD	B	-0.23%
FDX	A	-0.19%
TTD	B	-0.18%
DAL	A	-0.12%
EW	C	-0.12%
IQV	F	-0.12%
ACGL	D	-0.11%
TEAM	B	-0.11%
XEL	A	-0.11%
ROK	B	-0.1%
HUBS	B	-0.1%
VEEV	C	-0.1%
RJF	A	-0.09%
ON	F	-0.09%
CSGP	F	-0.09%
AWK	C	-0.08%
FTV	D	-0.08%
STX	D	-0.07%
WY	D	-0.07%
FSLR	D	-0.06%
PINS	F	-0.06%
CBOE	C	-0.06%
EL	F	-0.05%
DOCU	B	-0.05%
DOC	D	-0.05%
TWLO	A	-0.05%
NTNX	B	-0.05%
PODD	A	-0.05%
MRNA	F	-0.05%
TRMB	B	-0.05%
DAY	B	-0.04%
ALLE	D	-0.04%
SOFI	A	-0.04%
NVT	C	-0.04%
PFGC	B	-0.04%
EPAM	B	-0.04%
RNR	D	-0.04%
SWK	F	-0.04%
DT	C	-0.04%
AMCR	D	-0.04%
Z	A	-0.04%
APTV	F	-0.04%
BRX	A	-0.03%
ORI	A	-0.03%
PEN	B	-0.03%
MEDP	D	-0.03%
PCTY	B	-0.03%
REXR	F	-0.03%
SNX	C	-0.03%
PRI	A	-0.03%
GL	B	-0.03%
FBIN	F	-0.03%
AFG	A	-0.03%
CIEN	B	-0.03%
AIT	A	-0.03%
PAYC	B	-0.03%
CELH	F	-0.02%
APPF	C	-0.02%
ITRI	B	-0.02%
BCPC	B	-0.02%
IDA	A	-0.02%
INSP	F	-0.02%
SUM	B	-0.02%
ETSY	D	-0.02%
LYFT	B	-0.02%
BPMC	C	-0.02%
ALK	A	-0.02%
BILL	A	-0.02%
RHP	B	-0.02%
MAT	D	-0.02%
DBX	C	-0.02%
AZEK	B	-0.02%
BMI	C	-0.02%
GTLS	A	-0.02%
EXLS	B	-0.02%
MIDD	C	-0.02%
HALO	D	-0.02%
FMC	F	-0.02%
BIO	D	-0.02%
TREX	C	-0.02%
AAON	B	-0.02%
HQY	A	-0.02%
AGR	A	-0.01%
COLM	B	-0.01%
ASH	F	-0.01%
CHH	A	-0.01%
POR	C	-0.01%
TENB	D	-0.01%