MFUS vs. CFO ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Compass EMP US 500 Enhanced Volatility Weighted Index ETF (CFO)

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

$50.02

Average Daily Volume

7,387

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

CFO

Compass EMP US 500 Enhanced Volatility Weighted Index ETF

CFO Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index before fees and expenses. The index is an unmanaged index that consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges with consistent positive earnings and weighted based on the volatility of each stock. Under normal market conditions, the fund invests at least 80% of its assets in the securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$69.08

Average Daily Volume

11,295

Number of Holdings ^*

492

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	CFO
30 Days	1.34%	2.17%
60 Days	3.43%	4.53%
90 Days	4.18%	6.10%
12 Months	26.76%	14.42%

355 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in CFO	Overlap
A	C	0.05%	0.17%	0.05%
AAPL	D	0.67%	0.3%	0.3%
ABBV	C	1.34%	0.29%	0.29%
ACM	B	0.04%	0.24%	0.04%
ACN	C	0.19%	0.23%	0.19%
ADBE	D	0.04%	0.17%	0.04%
ADM	D	0.32%	0.14%	0.14%
ADP	B	0.09%	0.26%	0.09%
ADSK	B	0.09%	0.18%	0.09%
AES	C	0.03%	0.15%	0.03%
AFG	B	0.01%	0.23%	0.01%
AFL	B	0.19%	0.3%	0.19%
AIG	D	0.42%	0.26%	0.26%
AJG	C	0.09%	0.31%	0.09%
AKAM	D	0.03%	0.19%	0.03%
ALGN	D	0.02%	0.07%	0.02%
ALLY	F	0.1%	0.11%	0.1%
AMAT	D	0.44%	0.12%	0.12%
AMGN	B	1.03%	0.24%	0.24%
AMP	B	0.08%	0.27%	0.08%
AMZN	C	1.27%	0.16%	0.16%
ANET	B	0.12%	0.13%	0.12%
AON	B	0.19%	0.25%	0.19%
AOS	C	0.11%	0.2%	0.11%
APH	D	0.1%	0.31%	0.1%
APO	C	0.1%	0.18%	0.1%
APP	B	0.03%	0.13%	0.03%
ARES	B	0.09%	0.19%	0.09%
AVGO	C	1.34%	0.18%	0.18%
AVTR	B	0.03%	0.16%	0.03%
AVY	D	0.1%	0.25%	0.1%
AXP	B	0.19%	0.25%	0.19%
AZO	D	0.3%	0.22%	0.22%
BAC	D	0.39%	0.21%	0.21%
BAH	B	0.14%	0.18%	0.14%
BALL	C	0.07%	0.15%	0.07%
BBY	B	0.24%	0.21%	0.21%
BDX	F	0.09%	0.22%	0.09%
BEN	F	0.04%	0.11%	0.04%
BIIB	F	0.08%	0.18%	0.08%
BK	A	0.27%	0.28%	0.27%
BKNG	B	0.47%	0.18%	0.18%
BKR	D	0.16%	0.23%	0.16%
BLD	D	0.03%	0.11%	0.03%
BLDR	C	0.04%	0.1%	0.04%
BMRN	F	0.02%	0.16%	0.02%
BMY	C	0.28%	0.21%	0.21%
BR	D	0.16%	0.27%	0.16%
BRK.A	C	2.01%	0.39%	0.39%
BRKR	D	0.03%	0.1%	0.03%
BRO	C	0.13%	0.29%	0.13%
BSX	B	0.19%	0.29%	0.19%
BURL	B	0.03%	0.14%	0.03%
BX	B	0.23%	0.17%	0.17%
C	D	1.22%	0.22%	0.22%
CAG	B	0.05%	0.25%	0.05%
CAH	C	0.35%	0.22%	0.22%
CARR	B	0.12%	0.22%	0.12%
CASY	D	0.15%	0.26%	0.15%
CAT	C	0.41%	0.18%	0.18%
CB	B	0.16%	0.3%	0.16%
CDW	D	0.05%	0.22%	0.05%
CE	D	0.07%	0.13%	0.07%
CEG	C	0.09%	0.15%	0.09%
CFG	D	0.06%	0.16%	0.06%
CHD	C	0.07%	0.26%	0.07%
CHTR	D	0.24%	0.14%	0.14%
CI	C	0.14%	0.16%	0.14%
CINF	B	0.02%	0.27%	0.02%
CL	C	0.33%	0.38%	0.33%
CLX	C	0.15%	0.2%	0.15%
CMCSA	D	0.24%	0.19%	0.19%
CME	C	0.2%	0.26%	0.2%
CMG	C	0.22%	0.21%	0.21%
CMI	C	0.11%	0.23%	0.11%
COF	C	0.42%	0.17%	0.17%
COIN	F	0.06%	0.05%	0.05%
COP	D	0.3%	0.18%	0.18%
COST	C	1.21%	0.35%	0.35%
CPAY	B	0.05%	0.2%	0.05%
CPB	B	0.01%	0.25%	0.01%
CPNG	B	0.03%	0.16%	0.03%
CPRT	D	0.19%	0.2%	0.19%
CRBG	D	0.04%	0.2%	0.04%
CRM	D	0.35%	0.14%	0.14%
CSCO	B	0.42%	0.24%	0.24%
CSL	C	0.01%	0.19%	0.01%
CSX	D	0.08%	0.23%	0.08%
CTAS	C	0.18%	0.34%	0.18%
CTRA	F	0.02%	0.17%	0.02%
CTVA	B	0.03%	0.14%	0.03%
CVS	D	0.8%	0.14%	0.14%
CVX	D	0.79%	0.2%	0.2%
DD	B	0.21%	0.2%	0.2%
DECK	C	0.17%	0.13%	0.13%
DELL	D	0.05%	0.14%	0.05%
DG	F	0.05%	0.08%	0.05%
DGX	B	0.06%	0.3%	0.06%
DHR	B	0.27%	0.21%	0.21%
DINO	D	0.03%	0.12%	0.03%
DKS	D	0.09%	0.13%	0.09%
DLTR	F	0.02%	0.07%	0.02%
DOV	B	0.02%	0.26%	0.02%
DOW	D	0.04%	0.2%	0.04%
DPZ	F	0.18%	0.15%	0.15%
DRI	C	0.03%	0.24%	0.03%
DUK	C	0.13%	0.33%	0.13%
DVA	B	0.18%	0.15%	0.15%
EA	D	0.09%	0.25%	0.09%
EBAY	B	0.34%	0.22%	0.22%
ECL	B	0.08%	0.26%	0.08%
EFX	C	0.09%	0.17%	0.09%
ELV	C	0.08%	0.23%	0.08%
EME	B	0.03%	0.21%	0.03%
EMR	D	0.15%	0.18%	0.15%
ENTG	D	0.04%	0.11%	0.04%
EOG	D	0.11%	0.18%	0.11%
EQH	C	0.07%	0.21%	0.07%
ERIE	A	0.09%	0.18%	0.09%
ETN	C	0.18%	0.19%	0.18%
EVRG	A	0.01%	0.27%	0.01%
EXC	B	0.12%	0.23%	0.12%
EXPD	B	0.07%	0.23%	0.07%
F	D	0.33%	0.12%	0.12%
FANG	D	0.04%	0.17%	0.04%
FAST	C	0.1%	0.22%	0.1%
FCNCA	D	0.05%	0.19%	0.05%
FCX	D	0.09%	0.15%	0.09%
FDS	C	0.05%	0.23%	0.05%
FFIV	A	0.04%	0.27%	0.04%
FICO	A	0.22%	0.25%	0.22%
FITB	B	0.05%	0.17%	0.05%
FIX	B	0.05%	0.14%	0.05%
FND	C	0.03%	0.11%	0.03%
FNF	A	0.03%	0.24%	0.03%
FOXA	B	0.08%	0.25%	0.08%
FTNT	C	0.06%	0.11%	0.06%
GD	B	0.17%	0.28%	0.17%
GDDY	C	0.09%	0.23%	0.09%
GE	B	1.09%	0.23%	0.23%
GEHC	C	0.02%	0.16%	0.02%
GGG	C	0.04%	0.19%	0.04%
GILD	B	0.78%	0.23%	0.23%
GIS	B	0.11%	0.28%	0.11%
GLW	B	0.2%	0.27%	0.2%
GM	B	0.56%	0.17%	0.17%
GOOGL	D	1.17%	0.19%	0.19%
GPC	D	0.02%	0.17%	0.02%
GS	D	0.45%	0.26%	0.26%
GWW	B	0.17%	0.22%	0.17%
H	C	0.01%	0.14%	0.01%
HAL	F	0.04%	0.13%	0.04%
HBAN	B	0.03%	0.17%	0.03%
HCA	B	0.13%	0.26%	0.13%
HD	B	0.39%	0.25%	0.25%
HEI	B	0.04%	0.3%	0.04%
HIG	A	0.06%	0.33%	0.06%
HII	C	0.02%	0.19%	0.02%
HLT	B	0.08%	0.25%	0.08%
HOLX	B	0.03%	0.26%	0.03%
HPE	D	0.2%	0.18%	0.18%
HPQ	D	0.27%	0.24%	0.24%
HRL	C	0.01%	0.14%	0.01%
HSY	C	0.06%	0.25%	0.06%
HUBB	B	0.08%	0.19%	0.08%
HWM	B	0.12%	0.3%	0.12%
IBKR	B	0.05%	0.21%	0.05%
IBM	B	1.32%	0.27%	0.27%
ICE	B	0.29%	0.32%	0.29%
IDXX	C	0.06%	0.13%	0.06%
IEX	D	0.08%	0.2%	0.08%
INCY	C	0.01%	0.19%	0.01%
INTC	F	0.36%	0.05%	0.05%
INTU	D	0.26%	0.2%	0.2%
IP	B	0.12%	0.26%	0.12%
IPG	C	0.07%	0.16%	0.07%
IR	C	0.09%	0.22%	0.09%
IT	B	0.16%	0.19%	0.16%
ITW	B	0.08%	0.26%	0.08%
JBHT	D	0.02%	0.15%	0.02%
JBL	D	0.07%	0.08%	0.07%
JKHY	B	0.1%	0.23%	0.1%
JNJ	B	1.03%	0.29%	0.29%
JPM	D	0.9%	0.34%	0.34%
K	A	0.1%	0.34%	0.1%
KDP	A	0.06%	0.3%	0.06%
KEY	B	0.02%	0.12%	0.02%
KHC	C	0.16%	0.24%	0.16%
KKR	B	0.13%	0.19%	0.13%
KLAC	D	0.23%	0.15%	0.15%
KMB	D	0.16%	0.35%	0.16%
KMI	A	0.08%	0.33%	0.08%
KO	B	0.6%	0.4%	0.4%
KR	B	0.34%	0.28%	0.28%
L	B	0.08%	0.35%	0.08%
LDOS	C	0.08%	0.28%	0.08%
LECO	F	0.08%	0.13%	0.08%
LEN	B	0.08%	0.18%	0.08%
LHX	D	0.19%	0.22%	0.19%
LII	B	0.23%	0.21%	0.21%
LLY	C	2.48%	0.18%	0.18%
LMT	C	0.52%	0.33%	0.33%
LOW	B	0.23%	0.22%	0.22%
LPLA	D	0.07%	0.13%	0.07%
LRCX	F	0.27%	0.11%	0.11%
LVS	D	0.01%	0.12%	0.01%
LW	D	0.04%	0.11%	0.04%
LYB	F	0.21%	0.22%	0.21%
MA	B	0.79%	0.3%	0.3%
MANH	B	0.03%	0.18%	0.03%
MAR	C	0.11%	0.19%	0.11%
MAS	B	0.06%	0.19%	0.06%
MCD	C	0.4%	0.32%	0.32%
MCK	F	0.51%	0.23%	0.23%
MCO	A	0.03%	0.28%	0.03%
MDLZ	B	0.22%	0.27%	0.22%
MET	A	0.36%	0.24%	0.24%
META	A	2.02%	0.13%	0.13%
MKC	B	0.08%	0.23%	0.08%
MKL	C	0.03%	0.2%	0.03%
MLM	D	0.06%	0.18%	0.06%
MMC	C	0.19%	0.34%	0.19%
MNST	C	0.06%	0.17%	0.06%
MO	C	0.52%	0.32%	0.32%
MOH	C	0.03%	0.16%	0.03%
MORN	C	0.03%	0.17%	0.03%
MPC	D	0.64%	0.17%	0.17%
MPWR	C	0.08%	0.13%	0.08%
MRK	D	0.87%	0.24%	0.24%
MSCI	C	0.07%	0.18%	0.07%
MSI	C	0.15%	0.35%	0.15%
MTB	B	0.03%	0.18%	0.03%
MTD	D	0.08%	0.19%	0.08%
NBIX	F	0.04%	0.17%	0.04%
NDAQ	B	0.02%	0.3%	0.02%
NDSN	C	0.04%	0.23%	0.04%
NFLX	B	0.44%	0.14%	0.14%
NKE	D	0.04%	0.12%	0.04%
NOC	B	0.23%	0.22%	0.22%
NOW	A	0.37%	0.2%	0.2%
NTAP	D	0.08%	0.24%	0.08%
NTRS	B	0.02%	0.16%	0.02%
NUE	F	0.08%	0.13%	0.08%
NVDA	D	1.6%	0.17%	0.17%
NVR	B	0.07%	0.22%	0.07%
NWSA	D	0.06%	0.19%	0.06%
OC	C	0.07%	0.17%	0.07%
ODFL	C	0.02%	0.13%	0.02%
OKE	B	0.08%	0.27%	0.08%
OMC	A	0.06%	0.22%	0.06%
ORCL	B	1.13%	0.21%	0.21%
ORLY	B	0.18%	0.23%	0.18%
OTIS	D	0.07%	0.29%	0.07%
PANW	D	0.25%	0.1%	0.1%
PAYX	C	0.03%	0.26%	0.03%
PCAR	D	0.08%	0.2%	0.08%
PEG	B	0.05%	0.32%	0.05%
PEP	C	0.62%	0.3%	0.3%
PFE	C	0.53%	0.21%	0.21%
PFG	B	0.01%	0.22%	0.01%
PG	C	0.88%	0.34%	0.34%
PGR	A	0.5%	0.21%	0.21%
PH	B	0.13%	0.2%	0.13%
PHM	B	0.17%	0.18%	0.17%
PKG	B	0.05%	0.24%	0.05%
PM	C	0.56%	0.4%	0.4%
PNC	B	0.1%	0.21%	0.1%
POOL	C	0.07%	0.14%	0.07%
PPG	C	0.04%	0.21%	0.04%
PR	D	0.04%	0.12%	0.04%
PRU	C	0.25%	0.24%	0.24%
PSTG	F	0.03%	0.09%	0.03%
PSX	D	0.54%	0.17%	0.17%
PTC	D	0.05%	0.22%	0.05%
PWR	B	0.13%	0.17%	0.13%
QCOM	D	0.62%	0.16%	0.16%
RCL	B	0.08%	0.19%	0.08%
REGN	C	0.45%	0.26%	0.26%
RGA	B	0.05%	0.29%	0.05%
RJF	C	0.01%	0.2%	0.01%
RL	B	0.04%	0.14%	0.04%
RMD	C	0.13%	0.18%	0.13%
ROL	C	0.05%	0.21%	0.05%
ROP	C	0.06%	0.31%	0.06%
ROST	C	0.07%	0.24%	0.07%
RPM	B	0.11%	0.19%	0.11%
RS	D	0.08%	0.15%	0.08%
RSG	D	0.13%	0.38%	0.13%
SAIA	D	0.04%	0.09%	0.04%
SBUX	C	0.06%	0.23%	0.06%
SCHW	D	0.16%	0.13%	0.13%
SCI	B	0.06%	0.19%	0.06%
SHW	B	0.21%	0.26%	0.21%
SLB	F	0.09%	0.13%	0.09%
SMCI	F	0.14%	0.02%	0.02%
SPGI	B	0.06%	0.26%	0.06%
STE	C	0.12%	0.24%	0.12%
STLD	D	0.04%	0.13%	0.04%
STZ	C	0.04%	0.26%	0.04%
SYF	C	0.29%	0.19%	0.19%
SYY	D	0.07%	0.24%	0.07%
T	B	1.23%	0.22%	0.22%
TAP	C	0.08%	0.2%	0.08%
TDG	B	0.15%	0.25%	0.15%
TER	D	0.03%	0.17%	0.03%
TGT	C	0.68%	0.14%	0.14%
TJX	C	0.34%	0.35%	0.34%
TMUS	C	0.31%	0.39%	0.31%
TOL	B	0.1%	0.17%	0.1%
TPR	C	0.01%	0.12%	0.01%
TRGP	B	0.13%	0.3%	0.13%
TROW	D	0.08%	0.16%	0.08%
TRV	B	0.32%	0.27%	0.27%
TSCO	C	0.07%	0.22%	0.07%
TW	A	0.05%	0.21%	0.05%
TXN	C	0.21%	0.23%	0.21%
TXT	D	0.03%	0.18%	0.03%
TYL	C	0.08%	0.26%	0.08%
UAL	B	0.01%	0.14%	0.01%
UBER	C	0.21%	0.11%	0.11%
UHAL	B	0.03%	0.16%	0.03%
UHAL	B	0.01%	0.16%	0.01%
ULTA	D	0.04%	0.12%	0.04%
UNP	B	0.48%	0.22%	0.22%
UPS	D	0.19%	0.17%	0.17%
URI	B	0.09%	0.13%	0.09%
USB	B	0.11%	0.14%	0.11%
USFD	B	0.09%	0.26%	0.09%
UTHR	C	0.16%	0.28%	0.16%
V	B	0.86%	0.33%	0.33%
VLO	D	0.54%	0.16%	0.16%
VMC	D	0.06%	0.19%	0.06%
VRSK	D	0.2%	0.29%	0.2%
VRSN	D	0.04%	0.23%	0.04%
VRTX	D	0.21%	0.21%	0.21%
VST	C	0.26%	0.27%	0.26%
VTRS	C	0.13%	0.15%	0.13%
VZ	B	1.01%	0.19%	0.19%
WAB	A	0.04%	0.3%	0.04%
WAT	C	0.05%	0.15%	0.05%
WBA	F	0.14%	0.05%	0.05%
WFC	D	1.4%	0.18%	0.18%
WM	D	0.23%	0.28%	0.23%
WMB	B	0.08%	0.33%	0.08%
WMS	D	0.02%	0.12%	0.02%
WMT	B	1.87%	0.37%	0.37%
WRB	C	0.02%	0.23%	0.02%
WSM	C	0.21%	0.14%	0.14%
WSO	C	0.2%	0.2%	0.2%
WST	D	0.04%	0.12%	0.04%
XOM	D	0.99%	0.22%	0.22%
XPO	D	0.03%	0.09%	0.03%
XYL	D	0.11%	0.23%	0.11%
YUM	D	0.1%	0.28%	0.1%
ZTS	B	0.04%	0.17%	0.04%

MFUS Overweight 425 Positions Relative to CFO

Symbol	Grade	Weight
MMM	B	0.41%
ALL	A	0.36%
THC	B	0.27%
ANF	D	0.26%
TSN	C	0.22%
SFM	B	0.19%
MUSA	C	0.17%
SPG	B	0.15%
MU	F	0.15%
WDC	D	0.15%
JNPR	A	0.13%
EVR	B	0.12%
WELL	B	0.12%
IRM	B	0.11%
GPK	B	0.1%
MRO	D	0.1%
FTI	D	0.1%
UNM	B	0.1%
CRS	B	0.1%
GPI	B	0.09%
AEO	D	0.09%
JXN	B	0.09%
CHRW	B	0.09%
TFC	D	0.09%
DASH	C	0.09%
HRB	C	0.09%
UHS	B	0.09%
CACI	B	0.09%
NEM	B	0.09%
WCC	C	0.08%
DFS	C	0.08%
OGN	D	0.08%
WU	D	0.08%
HLI	B	0.08%
FIS	B	0.08%
MTH	B	0.08%
ALSN	B	0.08%
ITT	C	0.08%
EHC	B	0.08%
LUMN	C	0.08%
BWXT	D	0.08%
TMHC	B	0.08%
AN	D	0.08%
DLR	B	0.08%
CW	B	0.08%
LSTR	D	0.08%
PNR	B	0.08%
ABG	F	0.07%
ARW	C	0.07%
CMC	D	0.07%
CALM	B	0.07%
SLG	B	0.07%
CCK	A	0.07%
OSK	D	0.07%
FCN	C	0.07%
SEIC	B	0.07%
GAP	F	0.07%
NRG	C	0.07%
ATR	B	0.07%
GLPI	B	0.07%
TTC	D	0.07%
TTWO	D	0.07%
EXR	B	0.07%
AIZ	B	0.07%
AYI	B	0.07%
MMS	D	0.06%
TPX	C	0.06%
PK	D	0.06%
BERY	B	0.06%
KD	D	0.06%
R	B	0.06%
VNO	B	0.06%
MSM	D	0.06%
HCC	F	0.06%
EMN	B	0.06%
KSS	F	0.06%
CPT	B	0.06%
CHE	C	0.06%
BCC	C	0.06%
BC	C	0.06%
TEX	D	0.06%
NSIT	C	0.06%
X	D	0.06%
SLM	C	0.06%
INVH	C	0.06%
INGR	A	0.06%
SEE	D	0.06%
GNTX	F	0.06%
PBF	F	0.06%
CRI	C	0.06%
MLI	B	0.06%
THO	D	0.06%
CNX	A	0.06%
LPX	B	0.06%
UFPI	C	0.06%
AMG	C	0.05%
ATGE	D	0.05%
CCL	C	0.05%
CBT	B	0.05%
CRUS	D	0.05%
BWA	D	0.05%
SKYW	C	0.05%
ATI	C	0.05%
WEN	C	0.05%
TKR	D	0.05%
MUR	D	0.05%
LNC	D	0.05%
LAMR	A	0.05%
LOPE	D	0.05%
MTN	D	0.05%
WTW	B	0.05%
VIRT	B	0.05%
TXRH	D	0.05%
NYT	C	0.05%
NXST	D	0.05%
SANM	D	0.05%
FL	D	0.05%
WPC	B	0.05%
POST	C	0.05%
URBN	D	0.05%
G	C	0.05%
SUI	B	0.05%
FLEX	C	0.05%
JLL	B	0.05%
EXP	B	0.05%
MHO	B	0.05%
KTB	B	0.05%
ANSS	F	0.05%
IVZ	C	0.05%
TPH	C	0.05%
CMA	B	0.04%
APLE	D	0.04%
GEO	F	0.04%
OLN	D	0.04%
HUBG	C	0.04%
WTM	F	0.04%
FHI	A	0.04%
TGNA	C	0.04%
COLD	D	0.04%
GATX	D	0.04%
VC	F	0.04%
BAX	C	0.04%
MOS	F	0.04%
CNO	B	0.04%
SON	C	0.04%
AR	D	0.04%
XRAY	D	0.04%
AMH	C	0.04%
RGLD	B	0.04%
GVA	B	0.04%
RRC	D	0.04%
PVH	F	0.04%
GNW	B	0.04%
PINS	F	0.04%
ELS	C	0.04%
MAN	C	0.04%
SEB	C	0.04%
ABM	D	0.04%
AGNC	A	0.04%
FLO	C	0.04%
MOG.A	B	0.04%
DCI	D	0.04%
MTG	B	0.04%
BTU	D	0.04%
HXL	F	0.04%
THG	A	0.04%
SRCL	A	0.04%
KBH	B	0.04%
WHR	D	0.04%
BDC	B	0.04%
LANC	D	0.04%
GNRC	D	0.04%
SIG	C	0.04%
SMG	C	0.04%
NOV	D	0.04%
AVT	D	0.04%
M	F	0.04%
COOP	B	0.04%
NFG	B	0.04%
PAG	D	0.04%
CLH	B	0.04%
CUBE	B	0.04%
SLGN	B	0.04%
MAC	B	0.04%
NEU	D	0.03%
SSD	C	0.03%
OKTA	F	0.03%
ZION	D	0.03%
COKE	C	0.03%
HOOD	C	0.03%
VVV	D	0.03%
FR	C	0.03%
PRG	B	0.03%
NAVI	C	0.03%
MC	B	0.03%
RLI	B	0.03%
DK	F	0.03%
BKU	C	0.03%
SBAC	C	0.03%
SJM	C	0.03%
AWI	B	0.03%
PRIM	C	0.03%
YELP	F	0.03%
GBX	C	0.03%
SM	D	0.03%
MDU	B	0.03%
UDR	B	0.03%
WH	B	0.03%
HP	D	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
BFAM	C	0.03%
RUSHA	C	0.03%
AMKR	F	0.03%
EQIX	B	0.03%
BJ	D	0.03%
WTS	C	0.03%
SBH	B	0.03%
DLB	D	0.03%
RPRX	C	0.03%
TFX	C	0.03%
HBI	B	0.03%
HSIC	C	0.03%
LEA	D	0.03%
TRN	C	0.03%
AVA	B	0.03%
PDCO	F	0.03%
GT	F	0.03%
SEM	D	0.03%
SLVM	B	0.03%
TDS	C	0.03%
ACA	C	0.03%
JEF	B	0.03%
DOX	C	0.03%
BHF	D	0.03%
MSA	C	0.03%
CVLT	B	0.03%
VSH	D	0.03%
JHG	B	0.03%
ASO	C	0.03%
OMF	C	0.03%
APG	D	0.03%
IFF	B	0.03%
GMS	C	0.03%
AROC	C	0.03%
PSA	B	0.03%
DDS	D	0.03%
JWN	B	0.03%
OI	D	0.03%
LEG	D	0.02%
TTEK	C	0.02%
VFC	C	0.02%
PARA	F	0.02%
APOG	B	0.02%
NWL	D	0.02%
BXP	B	0.02%
HNI	B	0.02%
LXP	B	0.02%
SNDR	B	0.02%
ODP	F	0.02%
ANDE	D	0.02%
RHI	D	0.02%
DORM	B	0.02%
CHDN	C	0.02%
EWBC	C	0.02%
OSIS	C	0.02%
HST	D	0.02%
BBWI	F	0.02%
SNAP	F	0.02%
GES	F	0.02%
XRX	F	0.02%
CC	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	C	0.02%
GWRE	A	0.02%
LBRDK	D	0.02%
XHR	C	0.02%
AIT	C	0.02%
AGCO	D	0.02%
NTCT	D	0.02%
AA	D	0.02%
PMT	B	0.02%
DXC	C	0.02%
SXT	C	0.02%
GHC	C	0.02%
EPC	F	0.02%
REZI	D	0.02%
KBR	D	0.02%
NSP	D	0.02%
VSTO	B	0.02%
PSN	B	0.02%
FLS	D	0.02%
RLJ	D	0.02%
MKTX	C	0.02%
PFSI	B	0.02%
CG	C	0.02%
GEF	D	0.02%
HAE	D	0.02%
GMED	D	0.02%
SKX	C	0.02%
AIR	C	0.02%
KMPR	D	0.02%
CTLT	B	0.02%
LNW	B	0.02%
ORA	C	0.02%
COHR	B	0.02%
CXW	F	0.02%
PLXS	B	0.02%
APAM	C	0.02%
CHRD	F	0.02%
AXTA	C	0.02%
TDC	F	0.02%
PNM	B	0.02%
FAF	B	0.02%
WERN	D	0.02%
EXEL	B	0.02%
DRH	C	0.02%
PINC	C	0.02%
LZB	C	0.02%
MASI	D	0.02%
VNT	D	0.02%
SHO	D	0.02%
STC	B	0.02%
HOG	C	0.02%
BKE	B	0.02%
ADNT	F	0.02%
UNF	B	0.02%
RYN	C	0.02%
NVT	D	0.02%
THS	C	0.02%
MATX	C	0.02%
AAP	F	0.01%
KNX	C	0.01%
SCHL	D	0.01%
SCL	D	0.01%
ARCH	F	0.01%
JAZZ	D	0.01%
LYFT	D	0.01%
CACC	D	0.01%
KALU	F	0.01%
SCCO	D	0.01%
ACI	F	0.01%
SWN	D	0.01%
ECPG	C	0.01%
MKSI	F	0.01%
WGO	D	0.01%
UVV	D	0.01%
ESI	D	0.01%
QRVO	F	0.01%
HELE	D	0.01%
HPP	D	0.01%
HUN	D	0.01%
MTDR	D	0.01%
MLKN	D	0.01%
SWX	C	0.01%
ELAN	D	0.01%
WOR	F	0.01%
BECN	D	0.01%
JELD	D	0.01%
CNM	F	0.01%
SYNA	F	0.01%
ESAB	C	0.01%
SIGI	C	0.01%
ARCB	D	0.01%
CENTA	D	0.01%
JBGS	B	0.01%
FLR	D	0.01%
AMED	C	0.01%
FHN	D	0.01%
FELE	C	0.01%
DTM	B	0.01%
WAFD	B	0.01%
SPB	B	0.01%
WMK	C	0.01%
BRC	B	0.01%
DY	B	0.01%
CADE	B	0.01%
WTFC	B	0.01%
KN	D	0.01%
PECO	B	0.01%
CR	C	0.01%
ONB	C	0.01%
CBSH	C	0.01%
CBRL	D	0.01%
CSGS	C	0.01%
SAIC	C	0.01%
STRA	D	0.01%
SF	A	0.01%
TTMI	D	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	B	0.01%
AMWD	C	0.01%
WBS	C	0.01%
TREX	F	0.01%
WWD	D	0.01%
LAUR	B	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
RBC	C	0.01%
LAD	C	0.01%
IOSP	D	0.01%
MHK	B	0.01%
LADR	B	0.01%
GOLF	F	0.01%
KEX	C	0.01%
PSMT	B	0.01%
TNET	D	0.01%
CWEN	B	0.01%
SNV	C	0.01%
BHE	C	0.01%
DAN	F	0.01%
OLLI	C	0.01%
PTEN	F	0.01%
ESNT	B	0.01%
FYBR	C	0.01%
PHIN	B	0.01%
SCS	B	0.01%
DNOW	D	0.01%
WAL	B	0.01%
SATS	B	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 138 Positions Relative to CFO

Symbol	Grade	Weight
SO	B	-0.32%
ATO	B	-0.32%
PPL	C	-0.3%
ED	C	-0.3%
LNT	A	-0.29%
FE	C	-0.28%
NI	B	-0.28%
CBOE	C	-0.28%
CMS	A	-0.28%
HON	D	-0.28%
SRE	B	-0.28%
ETR	A	-0.28%
AME	C	-0.27%
GRMN	D	-0.27%
LIN	B	-0.27%
WEC	B	-0.27%
AEP	B	-0.26%
UNH	C	-0.26%
SSNC	B	-0.26%
RYAN	C	-0.26%
XEL	A	-0.26%
MDT	C	-0.26%
EIX	C	-0.26%
DTE	B	-0.26%
PCG	C	-0.25%
AEE	B	-0.25%
ABT	C	-0.25%
ACGL	B	-0.25%
BLK	A	-0.25%
GL	C	-0.25%
AWK	A	-0.25%
CNP	C	-0.24%
LNG	D	-0.24%
RTX	C	-0.24%
MSFT	C	-0.23%
NEE	B	-0.23%
ADI	D	-0.22%
SYK	C	-0.22%
TMO	C	-0.22%
TEL	D	-0.22%
TDY	C	-0.22%
TT	B	-0.22%
DE	B	-0.21%
ISRG	C	-0.21%
J	D	-0.21%
MS	D	-0.21%
JCI	B	-0.21%
D	C	-0.21%
CTSH	C	-0.21%
SNA	B	-0.21%
NSC	C	-0.2%
ALLE	B	-0.2%
TPL	C	-0.2%
STT	A	-0.2%
CBRE	A	-0.2%
FDX	C	-0.2%
PFGC	B	-0.19%
DHI	B	-0.19%
EG	B	-0.19%
APD	B	-0.18%
RNR	B	-0.18%
FTV	C	-0.18%
VLTO	C	-0.17%
LKQ	D	-0.17%
LYV	B	-0.17%
CNC	C	-0.17%
ZBH	F	-0.17%
DAL	C	-0.16%
CF	B	-0.16%
OXY	F	-0.16%
CDNS	D	-0.16%
KEYS	C	-0.16%
FSLR	C	-0.16%
AXON	B	-0.16%
SWKS	F	-0.16%
WLK	D	-0.16%
RF	B	-0.16%
DVN	F	-0.15%
DT	C	-0.15%
BSY	D	-0.15%
CHK	D	-0.15%
CSGP	D	-0.15%
IQV	C	-0.15%
NXPI	D	-0.14%
PYPL	B	-0.14%
ZM	C	-0.14%
VEEV	C	-0.14%
WMG	D	-0.14%
TECH	C	-0.14%
PODD	B	-0.14%
SNPS	D	-0.14%
GPN	D	-0.14%
EQT	D	-0.13%
ZBRA	B	-0.13%
DOCU	C	-0.13%
ROK	D	-0.13%
HUM	F	-0.13%
MCHP	D	-0.13%
TRMB	C	-0.13%
WDAY	D	-0.13%
DIS	D	-0.13%
MGM	D	-0.12%
APTV	D	-0.12%
LUV	C	-0.12%
DAY	D	-0.12%
EDR	A	-0.12%
EW	F	-0.12%
CRL	D	-0.11%
TSLA	C	-0.11%
VRT	C	-0.11%
KMX	D	-0.11%
TTD	B	-0.11%
OVV	D	-0.11%
WYNN	D	-0.11%
ABNB	D	-0.1%
MEDP	D	-0.1%
KNSL	C	-0.1%
ON	D	-0.09%
PLTR	B	-0.09%
EPAM	D	-0.09%
COTY	F	-0.09%
EXPE	C	-0.09%
AMD	F	-0.08%
MSTR	D	-0.08%
DXCM	F	-0.07%
SQ	D	-0.07%
FIVE	D	-0.07%
DDOG	D	-0.07%
RGEN	F	-0.07%
GEV	B	-0.07%
CVNA	B	-0.07%
EL	F	-0.06%
ALB	F	-0.06%
ENPH	C	-0.06%
ELF	F	-0.05%
LSCC	D	-0.05%
ESTC	F	-0.04%
CELH	F	-0.03%