MFUS vs. DFVX ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Dimensional US Large Cap Vector ETF (DFVX)

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

DFVX

Dimensional US Large Cap Vector ETF

DFVX Description

The advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The portfolio is designed to purchase a broad and diverse group of readily marketable securities of U.S. large cap companies that the advisor determines to have higher profitability and lower relative price as compared to other U.S. large cap companies at the time of purchase. As a non-fundamental policy, under normal circumstances, the portfolio will invest at least 80% of its net assets in equity securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$67.99

Average Daily Volume

14,879

Number of Holdings ^*

326

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	DFVX
30 Days	2.73%	3.63%
60 Days	3.41%	4.02%
90 Days	5.38%	6.22%
12 Months	32.49%	28.45%

254 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in DFVX	Overlap
A	D	0.05%	0.19%	0.05%
ABBV	D	1.36%	0.66%	0.66%
ACI	C	0.01%	0.0%	0.0%
ACM	A	0.03%	0.02%	0.02%
ACN	C	0.25%	0.7%	0.25%
ADBE	C	0.04%	0.64%	0.04%
ADP	B	0.11%	0.59%	0.11%
ADSK	A	0.09%	0.15%	0.09%
AFL	B	0.21%	0.09%	0.09%
AIG	B	0.34%	0.28%	0.28%
AJG	B	0.16%	0.18%	0.16%
AKAM	D	0.02%	0.09%	0.02%
ALGN	D	0.01%	0.0%	0.0%
ALL	A	0.26%	0.05%	0.05%
ALLY	C	0.05%	0.01%	0.01%
AMAT	F	0.55%	0.4%	0.4%
AMGN	D	0.94%	0.73%	0.73%
AMP	A	0.18%	0.44%	0.18%
AMZN	C	1.71%	5.61%	1.71%
AON	A	0.24%	0.03%	0.03%
AOS	F	0.08%	0.05%	0.05%
APH	A	0.12%	0.11%	0.11%
APP	B	0.11%	0.39%	0.11%
AVGO	D	1.59%	0.57%	0.57%
AVY	D	0.09%	0.13%	0.09%
AXP	A	0.23%	0.94%	0.23%
BAH	F	0.15%	0.07%	0.07%
BALL	D	0.07%	0.08%	0.07%
BBY	D	0.21%	0.23%	0.21%
BDX	F	0.11%	0.19%	0.11%
BJ	A	0.03%	0.01%	0.01%
BKR	B	0.08%	0.24%	0.08%
BLD	D	0.03%	0.03%	0.03%
BLDR	D	0.04%	0.18%	0.04%
BMY	B	0.41%	0.41%	0.41%
BR	A	0.17%	0.1%	0.1%
BRO	B	0.12%	0.19%	0.12%
BSX	B	0.2%	0.07%	0.07%
BURL	A	0.03%	0.13%	0.03%
CAG	D	0.04%	0.01%	0.01%
CARR	D	0.05%	0.15%	0.05%
CASY	A	0.16%	0.13%	0.13%
CAT	B	0.2%	1.09%	0.2%
CBRE	B	0.05%	0.08%	0.05%
CDW	F	0.03%	0.13%	0.03%
CE	F	0.02%	0.04%	0.02%
CHD	B	0.07%	0.09%	0.07%
CHTR	C	0.3%	0.14%	0.14%
CI	F	0.13%	0.32%	0.13%
CINF	A	0.02%	0.12%	0.02%
CLH	B	0.04%	0.1%	0.04%
CMCSA	B	0.16%	0.67%	0.16%
CMG	B	0.2%	0.23%	0.2%
CMI	A	0.14%	0.24%	0.14%
COIN	C	0.1%	0.03%	0.03%
COP	C	0.07%	0.69%	0.07%
COR	B	0.17%	0.08%	0.08%
COST	B	1.35%	1.21%	1.21%
CPAY	A	0.03%	0.21%	0.03%
CPB	D	0.04%	0.12%	0.04%
CPRT	A	0.09%	0.02%	0.02%
CRBG	B	0.04%	0.12%	0.04%
CSCO	B	0.68%	0.65%	0.65%
CSL	C	0.02%	0.13%	0.02%
CSX	B	0.11%	0.42%	0.11%
CTAS	B	0.19%	0.29%	0.19%
CVS	D	0.65%	0.02%	0.02%
CVX	A	0.39%	1.1%	0.39%
CW	B	0.11%	0.01%	0.01%
DECK	A	0.17%	0.06%	0.06%
DFS	B	0.1%	0.31%	0.1%
DG	F	0.09%	0.08%	0.08%
DGX	A	0.09%	0.13%	0.09%
DHI	D	0.06%	0.22%	0.06%
DKS	C	0.08%	0.08%	0.08%
DLTR	F	0.03%	0.04%	0.03%
DOV	A	0.04%	0.09%	0.04%
DOW	F	0.02%	0.18%	0.02%
DRI	B	0.03%	0.19%	0.03%
DVA	B	0.16%	0.03%	0.03%
EA	A	0.18%	0.21%	0.18%
EBAY	D	0.36%	0.24%	0.24%
ECL	D	0.08%	0.04%	0.04%
EFX	F	0.11%	0.08%	0.08%
ELV	F	0.16%	0.35%	0.16%
EME	C	0.04%	0.23%	0.04%
EMN	D	0.04%	0.03%	0.03%
EQH	B	0.08%	0.09%	0.08%
EWBC	A	0.02%	0.04%	0.02%
EXPD	D	0.11%	0.13%	0.11%
F	C	0.16%	0.32%	0.16%
FANG	D	0.05%	0.23%	0.05%
FAST	B	0.13%	0.26%	0.13%
FCNCA	A	0.06%	0.15%	0.06%
FDS	B	0.04%	0.12%	0.04%
FFIV	B	0.06%	0.01%	0.01%
FI	A	0.19%	0.39%	0.19%
FIS	C	0.07%	0.32%	0.07%
FITB	A	0.04%	0.15%	0.04%
FIX	A	0.06%	0.0%	0.0%
FLEX	A	0.05%	0.07%	0.05%
FNF	B	0.03%	0.1%	0.03%
FOXA	B	0.11%	0.14%	0.11%
FTI	A	0.04%	0.0%	0.0%
GD	F	0.24%	0.21%	0.21%
GEHC	F	0.07%	0.26%	0.07%
GEN	B	0.11%	0.16%	0.11%
GGG	B	0.03%	0.11%	0.03%
GILD	C	0.87%	0.69%	0.69%
GIS	D	0.17%	0.24%	0.17%
GLW	B	0.2%	0.26%	0.2%
GM	B	0.4%	0.45%	0.4%
GWW	B	0.21%	0.33%	0.21%
HBAN	A	0.03%	0.03%	0.03%
HIG	B	0.06%	0.3%	0.06%
HPE	B	0.11%	0.18%	0.11%
HSY	F	0.05%	0.11%	0.05%
HUBB	B	0.03%	0.1%	0.03%
HWM	A	0.17%	0.13%	0.13%
IBM	C	1.05%	1.06%	1.05%
IDXX	F	0.05%	0.15%	0.05%
IEX	B	0.09%	0.07%	0.07%
IP	B	0.09%	0.07%	0.07%
IPG	D	0.04%	0.05%	0.04%
ITW	B	0.1%	0.34%	0.1%
JBHT	C	0.02%	0.11%	0.02%
JBL	B	0.03%	0.03%	0.03%
JCI	C	0.07%	0.25%	0.07%
JKHY	D	0.1%	0.07%	0.07%
JNJ	D	1.18%	1.76%	1.18%
JPM	A	0.99%	2.79%	0.99%
K	A	0.15%	0.04%	0.04%
KLAC	D	0.23%	0.34%	0.23%
KMB	D	0.16%	0.17%	0.16%
KO	D	1.0%	0.57%	0.57%
KR	B	0.38%	0.37%	0.37%
LDOS	C	0.11%	0.05%	0.05%
LECO	B	0.06%	0.04%	0.04%
LEN	D	0.06%	0.0%	0.0%
LEN	D	0.06%	0.08%	0.06%
LII	A	0.21%	0.01%	0.01%
LMT	D	0.75%	0.67%	0.67%
LPLA	A	0.07%	0.2%	0.07%
LRCX	F	0.17%	0.32%	0.17%
LYB	F	0.15%	0.18%	0.15%
MCO	B	0.15%	0.21%	0.15%
MDLZ	F	0.23%	0.21%	0.21%
MET	A	0.32%	0.4%	0.32%
META	D	2.35%	4.84%	2.35%
MLM	B	0.07%	0.17%	0.07%
MMC	B	0.2%	0.41%	0.2%
MMM	D	0.6%	0.17%	0.17%
MNST	C	0.07%	0.02%	0.02%
MPC	D	0.34%	0.34%	0.34%
MRK	F	0.84%	0.32%	0.32%
MRO	B	0.03%	0.08%	0.03%
MS	A	0.22%	0.01%	0.01%
NBIX	C	0.04%	0.0%	0.0%
NDAQ	A	0.05%	0.01%	0.01%
NDSN	B	0.04%	0.05%	0.04%
NKE	D	0.06%	0.13%	0.06%
NOC	D	0.35%	0.16%	0.16%
NRG	B	0.07%	0.14%	0.07%
NSC	B	0.07%	0.13%	0.07%
NTAP	C	0.1%	0.15%	0.1%
NTRS	A	0.03%	0.02%	0.02%
NUE	C	0.08%	0.23%	0.08%
NVR	D	0.09%	0.25%	0.09%
OC	A	0.02%	0.17%	0.02%
ODFL	B	0.02%	0.25%	0.02%
OKE	A	0.1%	0.3%	0.1%
OMC	C	0.06%	0.15%	0.06%
ORCL	B	1.52%	1.18%	1.18%
PAG	B	0.02%	0.02%	0.02%
PAYX	C	0.04%	0.28%	0.04%
PEP	F	0.74%	0.9%	0.74%
PFG	D	0.01%	0.07%	0.01%
PG	A	1.01%	1.45%	1.01%
PGR	A	0.59%	0.36%	0.36%
PH	A	0.14%	0.35%	0.14%
PHM	D	0.1%	0.16%	0.1%
PKG	A	0.1%	0.19%	0.1%
PNR	A	0.02%	0.07%	0.02%
POOL	C	0.07%	0.07%	0.07%
PPG	F	0.04%	0.13%	0.04%
PRU	A	0.23%	0.19%	0.19%
PSX	C	0.23%	0.24%	0.23%
PWR	A	0.12%	0.11%	0.11%
PYPL	B	0.12%	0.23%	0.12%
QCOM	F	0.77%	0.67%	0.67%
RCL	A	0.1%	0.4%	0.1%
RF	A	0.02%	0.03%	0.02%
RMD	C	0.16%	0.07%	0.07%
ROL	B	0.07%	0.07%	0.07%
RPM	A	0.13%	0.16%	0.13%
RS	B	0.04%	0.14%	0.04%
RSG	A	0.13%	0.19%	0.13%
SCCO	F	0.0%	0.04%	0.0%
SCHW	B	0.05%	0.39%	0.05%
SCI	B	0.07%	0.0%	0.0%
SHW	A	0.22%	0.52%	0.22%
SJM	D	0.04%	0.01%	0.01%
SLB	C	0.01%	0.11%	0.01%
SSNC	B	0.02%	0.17%	0.02%
STE	F	0.07%	0.0%	0.0%
STLD	B	0.04%	0.19%	0.04%
STZ	D	0.06%	0.2%	0.06%
SYF	B	0.31%	0.12%	0.12%
SYY	B	0.12%	0.24%	0.12%
T	A	0.73%	0.63%	0.63%
TER	D	0.03%	0.04%	0.03%
TGT	F	0.74%	0.44%	0.44%
THC	D	0.28%	0.1%	0.1%
TJX	A	0.37%	0.51%	0.37%
TMO	F	0.28%	0.37%	0.28%
TMUS	B	0.43%	0.56%	0.43%
TOL	B	0.06%	0.1%	0.06%
TRGP	B	0.11%	0.25%	0.11%
TROW	B	0.09%	0.17%	0.09%
TRV	B	0.2%	0.52%	0.2%
TSCO	D	0.11%	0.16%	0.11%
TTWO	A	0.07%	0.1%	0.07%
TXN	C	0.29%	0.68%	0.29%
UAL	A	0.02%	0.19%	0.02%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.01%	0.07%	0.01%
UHAL	D	0.01%	0.07%	0.01%
UHS	D	0.06%	0.07%	0.06%
ULTA	F	0.04%	0.14%	0.04%
UNH	C	0.79%	1.56%	0.79%
UNP	C	0.51%	0.71%	0.51%
UPS	C	0.24%	0.33%	0.24%
URI	B	0.09%	0.49%	0.09%
USFD	A	0.05%	0.1%	0.05%
UTHR	C	0.19%	0.11%	0.11%
V	A	0.31%	1.59%	0.31%
VLO	C	0.16%	0.3%	0.16%
VRTX	F	0.22%	0.26%	0.22%
VST	B	0.23%	0.35%	0.23%
VZ	C	1.0%	0.95%	0.95%
WAT	B	0.05%	0.05%	0.05%
WM	A	0.28%	0.32%	0.28%
WMB	A	0.1%	0.25%	0.1%
WMS	D	0.02%	0.02%	0.02%
WMT	A	1.71%	1.35%	1.35%
WRB	A	0.02%	0.13%	0.02%
WSM	B	0.18%	0.15%	0.15%
WSO	A	0.17%	0.0%	0.0%
WTW	B	0.11%	0.06%	0.06%
XOM	B	0.43%	2.24%	0.43%
XPO	B	0.04%	0.15%	0.04%
ZBRA	B	0.04%	0.06%	0.04%
ZTS	D	0.05%	0.25%	0.05%

MFUS Overweight 564 Positions Relative to DFVX

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
NVDA	C	1.9%
WFC	A	0.97%
AAPL	C	0.96%
PM	B	0.87%
MO	A	0.73%
C	A	0.69%
MCK	B	0.63%
HD	A	0.62%
PFE	D	0.57%
GE	D	0.56%
MCD	D	0.53%
NFLX	A	0.52%
BAC	A	0.45%
BKNG	A	0.42%
GS	A	0.41%
NOW	A	0.36%
REGN	F	0.36%
CL	D	0.35%
LOW	D	0.35%
ISRG	A	0.29%
ICE	C	0.29%
COF	B	0.29%
SPGI	C	0.29%
MA	C	0.28%
HPQ	B	0.28%
AZO	C	0.28%
CAH	B	0.27%
LHX	C	0.26%
FICO	B	0.25%
PANW	C	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	C	0.25%
DHR	F	0.24%
PLTR	B	0.23%
RTX	C	0.22%
NEE	D	0.22%
ADM	D	0.22%
UBER	D	0.21%
MSI	B	0.2%
INTC	D	0.2%
ORLY	B	0.2%
BLK	C	0.19%
TSN	B	0.18%
BK	A	0.18%
NEM	D	0.16%
MU	D	0.16%
CB	C	0.16%
MUSA	A	0.16%
SPG	B	0.16%
VRSK	A	0.16%
TDG	D	0.15%
KHC	F	0.15%
IT	C	0.15%
KKR	A	0.15%
CME	A	0.14%
CHRW	C	0.14%
ANET	C	0.14%
VTRS	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%
AMT	D	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
PNC	B	0.12%
GDDY	A	0.12%
CLX	B	0.12%
CEG	D	0.11%
KMI	A	0.11%
USB	A	0.11%
CRS	A	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EXR	D	0.11%
BWXT	B	0.11%
HLT	A	0.1%
AYI	B	0.1%
JXN	C	0.1%
DD	D	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TFC	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
EMR	A	0.09%
ARES	A	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	B	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
HRB	D	0.08%
AEP	D	0.08%
LPX	B	0.08%
WDC	D	0.08%
SLG	B	0.08%
SRE	A	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
ITT	A	0.08%
BIIB	F	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
UFPI	B	0.07%
EXP	A	0.07%
CCI	D	0.07%
BCC	B	0.07%
INGR	B	0.07%
D	C	0.07%
SKYW	B	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%
KDP	D	0.07%
AEO	F	0.07%
OTIS	C	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
TW	A	0.06%
GAP	C	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
JLL	D	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%
CMC	B	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%
TTC	D	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
ROP	B	0.06%
ALNY	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	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%
WST	C	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	D	0.05%
SLGN	A	0.05%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
WEN	D	0.05%
FCN	D	0.05%
WAB	B	0.05%
MMS	F	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%
LANC	C	0.04%
TKR	D	0.04%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CRUS	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%
PSTG	D	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%
OLN	D	0.04%
CFG	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
VLTO	D	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
GATX	A	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
AROC	B	0.04%
ABM	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
MAR	B	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
SBAC	D	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%
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%
BKE	B	0.03%
FHI	A	0.03%
LNC	B	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
X	C	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%
DDS	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
IVZ	B	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%
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%
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%
WAL	B	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	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%
LNW	D	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%
SKX	D	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%
GWRE	A	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%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	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%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
TFX	F	0.02%
GEF	A	0.02%
MSA	D	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%
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%
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%
SIGI	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	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%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	D	0.01%
ESNT	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%
ADC	B	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
BWA	D	0.01%
GOLF	B	0.01%
FR	C	0.01%
DTM	B	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%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 74 Positions Relative to DFVX

Symbol	Grade	Weight
MSFT	F	-4.8%
GOOGL	C	-2.62%
GOOG	C	-2.41%
HON	B	-0.76%
LIN	D	-0.63%
ABT	B	-0.57%
DE	A	-0.5%
EOG	A	-0.41%
PCAR	B	-0.4%
DAL	C	-0.39%
FDX	B	-0.36%
LNG	B	-0.35%
ETN	A	-0.35%
HES	B	-0.33%
NXPI	D	-0.3%
ROST	C	-0.29%
IQV	D	-0.26%
CTSH	B	-0.26%
AME	A	-0.24%
VRT	B	-0.23%
MCHP	D	-0.23%
ADI	D	-0.23%
RJF	A	-0.22%
DVN	F	-0.22%
SYK	C	-0.22%
APD	A	-0.18%
VMC	B	-0.18%
OXY	D	-0.17%
FCX	D	-0.17%
APO	B	-0.16%
CTRA	B	-0.15%
HAL	C	-0.15%
SNA	A	-0.15%
ROK	B	-0.14%
ACGL	D	-0.14%
EW	C	-0.13%
AMCR	D	-0.13%
CF	B	-0.13%
ON	D	-0.12%
TT	A	-0.12%
GPC	D	-0.11%
BG	F	-0.1%
MKL	A	-0.1%
SWKS	F	-0.1%
EXPE	B	-0.1%
LVS	C	-0.09%
KEYS	A	-0.09%
CBOE	B	-0.08%
FSLR	F	-0.08%
MOH	F	-0.08%
RNR	C	-0.08%
LULU	C	-0.08%
HUM	C	-0.06%
PFGC	B	-0.06%
TPL	A	-0.06%
KVUE	A	-0.05%
TRU	D	-0.04%
WMG	C	-0.03%
SAIA	B	-0.03%
FOX	A	-0.03%
TXT	D	-0.02%
SOLV	C	-0.02%
EG	C	-0.02%
OVV	B	-0.02%
EL	F	-0.02%
ALLE	D	-0.02%
WLK	D	-0.02%
GFS	C	-0.01%
PR	B	-0.01%
AFG	A	-0.01%
ENTG	D	-0.01%
LKQ	D	-0.01%
NVT	B	-0.01%
FND	C	-0.01%