MFUS vs. DGRW ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to WisdomTree U.S. Dividend Growth Fund (DGRW)

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

$50.22

Average Daily Volume

7,364

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

DGRW

WisdomTree U.S. Dividend Growth Fund

DGRW Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Growth Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that consists of dividend-paying U.S. common stocks with growth characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.83

Average Daily Volume

544,291

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	DGRW
30 Days	3.10%	2.42%
60 Days	4.82%	4.69%
90 Days	5.74%	5.68%
12 Months	28.93%	28.78%

239 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in DGRW	Overlap
	A	C	0.05%	0.07%	0.05%
	AAPL	C	0.67%	5.13%	0.67%
	ABBV	C	1.34%	3.72%	1.34%
	ADP	B	0.09%	0.79%	0.09%
	AEO	F	0.09%	0.01%	0.01%
	AIG	D	0.42%	0.31%	0.31%
	AIT	A	0.02%	0.02%	0.02%
	AJG	D	0.09%	0.16%	0.09%
	ALLY	F	0.1%	0.1%	0.1%
	ALSN	B	0.08%	0.03%	0.03%
	AMAT	D	0.44%	0.35%	0.35%
	AMG	C	0.05%	0.01%	0.01%
	AMGN	B	1.03%	1.55%	1.03%
	AMKR	F	0.03%	0.02%	0.02%
	AMP	A	0.08%	0.18%	0.08%
	AOS	D	0.11%	0.05%	0.05%
	APH	D	0.1%	0.2%	0.1%
	ASO	C	0.03%	0.01%	0.01%
	AVGO	C	1.34%	3.89%	1.34%
	AVT	C	0.04%	0.03%	0.03%
	AVY	C	0.1%	0.07%	0.07%
	AWI	B	0.03%	0.01%	0.01%
	AXP	B	0.19%	0.72%	0.19%
	BAH	C	0.14%	0.08%	0.08%
	BALL	C	0.07%	0.08%	0.07%
	BBY	C	0.24%	0.24%	0.24%
	BCC	B	0.06%	0.01%	0.01%
	BEN	F	0.04%	0.11%	0.04%
	BERY	B	0.06%	0.03%	0.03%
	BKR	C	0.16%	0.23%	0.16%
	BR	D	0.16%	0.11%	0.11%
	BRKR	D	0.03%	0.01%	0.01%
	BWA	D	0.05%	0.03%	0.03%
	BWXT	D	0.08%	0.03%	0.03%
	CARR	B	0.12%	0.24%	0.12%
	CASY	D	0.15%	0.02%	0.02%
	CBT	B	0.05%	0.03%	0.03%
	CDW	D	0.05%	0.09%	0.05%
	CE	F	0.07%	0.07%	0.07%
	CHDN	C	0.02%	0.02%	0.02%
	CHE	C	0.06%	0.01%	0.01%
	CHRW	B	0.09%	0.09%	0.09%
	CI	C	0.14%	0.58%	0.14%
	CL	D	0.33%	0.6%	0.33%
	COF	B	0.42%	0.3%	0.3%
	COKE	C	0.03%	0.01%	0.01%
	COP	D	0.3%	0.73%	0.3%
	COST	B	1.21%	0.71%	0.71%
	CSCO	C	0.42%	1.85%	0.42%
	CSL	B	0.01%	0.06%	0.01%
	CSX	D	0.08%	0.24%	0.08%
	CTAS	B	0.18%	0.22%	0.18%
	CW	B	0.08%	0.02%	0.02%
	DCI	C	0.04%	0.03%	0.03%
	DD	B	0.21%	0.2%	0.2%
	DFS	B	0.08%	0.25%	0.08%
	DKS	D	0.09%	0.1%	0.09%
	DLB	D	0.03%	0.01%	0.01%
	DOV	B	0.02%	0.1%	0.02%
	DPZ	F	0.18%	0.05%	0.05%
	DRI	B	0.03%	0.16%	0.03%
	EBAY	B	0.34%	0.22%	0.22%
	ECL	B	0.08%	0.22%	0.08%
	EFX	B	0.09%	0.06%	0.06%
	EHC	C	0.08%	0.02%	0.02%
	ELV	C	0.08%	0.43%	0.08%
	EMN	B	0.06%	0.12%	0.06%
	EOG	D	0.11%	0.83%	0.11%
	EQH	C	0.07%	0.1%	0.07%
	ERIE	B	0.09%	0.1%	0.09%
	EVR	A	0.12%	0.05%	0.05%
	EXP	B	0.05%	0.02%	0.02%
	EXPD	C	0.07%	0.05%	0.05%
	FAF	B	0.02%	0.07%	0.02%
	FANG	D	0.04%	0.19%	0.04%
	FAST	C	0.1%	0.24%	0.1%
	FDS	C	0.05%	0.04%	0.04%
	FIX	B	0.05%	0.02%	0.02%
	FLS	D	0.02%	0.03%	0.02%
	FNF	B	0.03%	0.18%	0.03%
	GD	B	0.17%	0.48%	0.17%
	GE	B	1.09%	0.23%	0.23%
	GGG	C	0.04%	0.04%	0.04%
	GILD	B	0.78%	1.08%	0.78%
	GNTX	F	0.06%	0.03%	0.03%
	GOOGL	D	1.17%	1.25%	1.17%
	GPC	D	0.02%	0.15%	0.02%
	GS	C	0.45%	1.41%	0.45%
	GWW	B	0.17%	0.12%	0.12%
	H	C	0.01%	0.01%	0.01%
	HAL	F	0.04%	0.14%	0.04%
	HCA	B	0.13%	0.28%	0.13%
	HD	B	0.39%	2.8%	0.39%
	HEI	B	0.04%	0.02%	0.02%
	HEI	B	0.04%	0.03%	0.03%
	HIG	B	0.06%	0.23%	0.06%
	HII	D	0.02%	0.05%	0.02%
	HLI	B	0.08%	0.04%	0.04%
	HLT	B	0.08%	0.08%	0.08%
	HPQ	D	0.27%	0.32%	0.27%
	HSY	C	0.06%	0.21%	0.06%
	HUBB	B	0.08%	0.09%	0.08%
	HWM	B	0.12%	0.05%	0.05%
	HXL	F	0.04%	0.01%	0.01%
	INTU	C	0.26%	0.32%	0.26%
	ITT	B	0.08%	0.03%	0.03%
	ITW	C	0.08%	0.48%	0.08%
	JBHT	D	0.02%	0.05%	0.02%
	JBL	D	0.07%	0.01%	0.01%
	JEF	B	0.03%	0.1%	0.03%
	JKHY	B	0.1%	0.03%	0.03%
	JNJ	C	1.03%	3.39%	1.03%
	KKR	B	0.13%	0.24%	0.13%
	KLAC	D	0.23%	0.28%	0.23%
	KMB	D	0.16%	0.48%	0.16%
	KO	C	0.6%	2.73%	0.6%
	LEA	F	0.03%	0.04%	0.03%
	LECO	F	0.08%	0.04%	0.04%
	LEN	B	0.08%	0.01%	0.01%
	LEN	B	0.08%	0.14%	0.08%
	LII	B	0.23%	0.06%	0.06%
	LLY	C	2.48%	1.85%	1.85%
	LMT	C	0.52%	1.14%	0.52%
	LPLA	D	0.07%	0.02%	0.02%
	LPX	B	0.06%	0.02%	0.02%
	LRCX	F	0.27%	0.3%	0.27%
	LSTR	D	0.08%	0.03%	0.03%
	LVS	D	0.01%	0.17%	0.01%
	LW	D	0.04%	0.03%	0.03%
	MA	B	0.79%	0.72%	0.72%
	MAN	C	0.04%	0.04%	0.04%
	MAR	C	0.11%	0.19%	0.11%
	MAS	B	0.06%	0.08%	0.06%
	MCD	B	0.4%	1.39%	0.4%
	MCK	F	0.51%	0.1%	0.1%
	MCO	B	0.03%	0.19%	0.03%
	META	B	2.02%	1.32%	1.32%
	MKTX	C	0.02%	0.03%	0.02%
	MLM	D	0.06%	0.06%	0.06%
	MMC	C	0.19%	0.46%	0.19%
	MMS	C	0.06%	0.02%	0.02%
	MOG.A	B	0.04%	0.01%	0.01%
	MORN	C	0.03%	0.02%	0.02%
	MPWR	C	0.08%	0.08%	0.08%
	MRO	C	0.1%	0.08%	0.08%
	MSCI	C	0.07%	0.12%	0.07%
	MSI	B	0.15%	0.25%	0.15%
	MSM	D	0.06%	0.03%	0.03%
	MTDR	F	0.01%	0.02%	0.01%
	MUR	F	0.05%	0.04%	0.04%
	NDSN	C	0.04%	0.05%	0.04%
	NEU	D	0.03%	0.01%	0.01%
	NFG	B	0.04%	0.05%	0.04%
	NKE	D	0.04%	0.36%	0.04%
	NOC	B	0.23%	0.35%	0.23%
	NRG	C	0.07%	0.14%	0.07%
	NSP	F	0.02%	0.02%	0.02%
	NTAP	D	0.08%	0.13%	0.08%
	NVDA	D	1.6%	3.08%	1.6%
	NXST	D	0.05%	0.06%	0.05%
	ODFL	D	0.02%	0.05%	0.02%
	OLN	D	0.04%	0.02%	0.02%
	OMF	D	0.03%	0.06%	0.03%
	ORA	C	0.02%	0.01%	0.01%
	ORCL	C	1.13%	1.63%	1.13%
	OTIS	C	0.07%	0.16%	0.07%
	PAYX	C	0.03%	0.38%	0.03%
	PEP	C	0.62%	2.09%	0.62%
	PFG	B	0.01%	0.2%	0.01%
	PFSI	C	0.02%	0.01%	0.01%
	PG	C	0.88%	2.88%	0.88%
	PGR	B	0.5%	0.19%	0.19%
	PH	B	0.13%	0.28%	0.13%
	PHM	B	0.17%	0.07%	0.07%
	POOL	C	0.07%	0.03%	0.03%
	PPG	D	0.04%	0.14%	0.04%
	PR	F	0.04%	0.02%	0.02%
	PVH	F	0.04%	0.01%	0.01%
	PWR	B	0.13%	0.05%	0.05%
	QCOM	D	0.62%	1.1%	0.62%
	RGLD	C	0.04%	0.02%	0.02%
	RHI	D	0.02%	0.05%	0.02%
	RL	C	0.04%	0.05%	0.04%
	RLI	B	0.03%	0.04%	0.03%
	RMD	C	0.13%	0.1%	0.1%
	ROL	C	0.05%	0.1%	0.05%
	ROST	C	0.07%	0.14%	0.07%
	RPM	B	0.11%	0.07%	0.07%
	RRC	D	0.04%	0.02%	0.02%
	RSG	D	0.13%	0.23%	0.13%
	SBAC	C	0.03%	0.09%	0.03%
	SBUX	C	0.06%	0.79%	0.06%
	SCHW	D	0.16%	0.46%	0.16%
	SEE	D	0.06%	0.03%	0.03%
	SEIC	C	0.07%	0.03%	0.03%
	SF	A	0.01%	0.06%	0.01%
	SHW	B	0.21%	0.21%	0.21%
	SIGI	D	0.01%	0.02%	0.01%
	SM	F	0.03%	0.02%	0.02%
	SNDR	B	0.02%	0.01%	0.01%
	SPGI	B	0.06%	0.39%	0.06%
	STZ	D	0.04%	0.18%	0.04%
	SYF	C	0.29%	0.15%	0.15%
	SYY	D	0.07%	0.3%	0.07%
	TER	D	0.03%	0.02%	0.02%
	TGT	C	0.68%	0.59%	0.59%
	THO	D	0.06%	0.02%	0.02%
	TJX	B	0.34%	0.58%	0.34%
	TMUS	C	0.31%	1.1%	0.31%
	TPR	C	0.01%	0.11%	0.01%
	TRGP	B	0.13%	0.2%	0.13%
	TRV	C	0.32%	0.32%	0.32%
	TSCO	C	0.07%	0.17%	0.07%
	TTC	D	0.07%	0.04%	0.04%
	TTEK	C	0.02%	0.02%	0.02%
	TXN	C	0.21%	1.6%	0.21%
	TXRH	C	0.05%	0.06%	0.05%
	UFPI	C	0.06%	0.01%	0.01%
	UHS	B	0.09%	0.02%	0.02%
	UNP	C	0.48%	0.98%	0.48%
	UPS	D	0.19%	1.07%	0.19%
	URI	B	0.09%	0.17%	0.09%
	V	C	0.86%	1.05%	0.86%
	VMC	D	0.06%	0.07%	0.06%
	VNT	F	0.02%	0.01%	0.01%
	VRSK	D	0.2%	0.06%	0.06%
	WAL	B	0.01%	0.06%	0.01%
	WCC	D	0.08%	0.01%	0.01%
	WEN	C	0.05%	0.05%	0.05%
	WH	B	0.03%	0.03%	0.03%
	WM	D	0.23%	0.38%	0.23%
	WMS	D	0.02%	0.02%	0.02%
	WRB	C	0.02%	0.11%	0.02%
	WSM	D	0.21%	0.09%	0.09%
	WSO	C	0.2%	0.1%	0.1%
	WST	D	0.04%	0.03%	0.03%
	WWD	D	0.01%	0.02%	0.01%
	YUM	D	0.1%	0.2%	0.1%
	ZTS	C	0.04%	0.21%	0.04%

MFUS Overweight 543 Positions Relative to DGRW

	Symbol	Grade	Weight
	BRK.A	C	2.01%
	WMT	C	1.87%
	WFC	D	1.4%
	IBM	B	1.32%
	AMZN	C	1.27%
	T	C	1.23%
	C	C	1.22%
	VZ	B	1.01%
	XOM	C	0.99%
	JPM	D	0.9%
	MRK	D	0.87%
	CVS	D	0.8%
	CVX	D	0.79%
	MPC	F	0.64%
	PM	C	0.56%
	GM	C	0.56%
	VLO	F	0.54%
	PSX	F	0.54%
	PFE	C	0.53%
	MO	C	0.52%
	BKNG	C	0.47%
	REGN	C	0.45%
	NFLX	B	0.44%
	MMM	B	0.41%
	CAT	B	0.41%
	BAC	D	0.39%
	NOW	B	0.37%
	ALL	B	0.36%
	MET	B	0.36%
	INTC	F	0.36%
	CRM	D	0.35%
	CAH	C	0.35%
	KR	C	0.34%
	F	F	0.33%
	ADM	D	0.32%
	AZO	D	0.3%
	ICE	C	0.29%
	BMY	C	0.28%
	BK	B	0.27%
	DHR	B	0.27%
	THC	A	0.27%
	VST	C	0.26%
	ANF	D	0.26%
	PRU	C	0.25%
	PANW	D	0.25%
	CHTR	D	0.24%
	CMCSA	D	0.24%
	LOW	B	0.23%
	BX	B	0.23%
	MDLZ	B	0.22%
	CMG	C	0.22%
	TSN	C	0.22%
	FICO	B	0.22%
	UBER	C	0.21%
	LYB	D	0.21%
	VRTX	D	0.21%
	GLW	C	0.2%
	HPE	D	0.2%
	CME	C	0.2%
	BSX	B	0.19%
	LHX	C	0.19%
	ACN	C	0.19%
	CPRT	D	0.19%
	SFM	B	0.19%
	AFL	C	0.19%
	AON	B	0.19%
	DVA	B	0.18%
	ETN	C	0.18%
	ORLY	C	0.18%
	DECK	C	0.17%
	MUSA	D	0.17%
	IT	B	0.16%
	CB	B	0.16%
	KHC	C	0.16%
	UTHR	C	0.16%
	SPG	B	0.15%
	MU	F	0.15%
	EMR	D	0.15%
	CLX	C	0.15%
	WDC	D	0.15%
	TDG	B	0.15%
	WBA	F	0.14%
	SMCI	F	0.14%
	JNPR	B	0.13%
	BRO	C	0.13%
	DUK	C	0.13%
	VTRS	D	0.13%
	EXC	C	0.12%
	WELL	C	0.12%
	IP	B	0.12%
	STE	C	0.12%
	ANET	B	0.12%
	XYL	C	0.11%
	USB	B	0.11%
	CMI	C	0.11%
	GIS	B	0.11%
	IRM	C	0.11%
	K	B	0.1%
	GPK	B	0.1%
	PNC	B	0.1%
	TOL	B	0.1%
	APO	C	0.1%
	FTI	D	0.1%
	UNM	B	0.1%
	CRS	B	0.1%
	GPI	B	0.09%
	USFD	B	0.09%
	ADSK	C	0.09%
	SLB	F	0.09%
	JXN	A	0.09%
	IR	C	0.09%
	EA	D	0.09%
	BDX	D	0.09%
	TFC	C	0.09%
	DASH	C	0.09%
	FCX	D	0.09%
	HRB	C	0.09%
	CEG	C	0.09%
	ARES	B	0.09%
	GDDY	C	0.09%
	CACI	B	0.09%
	NEM	B	0.09%
	NUE	F	0.08%
	TROW	D	0.08%
	MTD	D	0.08%
	OGN	D	0.08%
	WU	F	0.08%
	MKC	C	0.08%
	BIIB	F	0.08%
	TYL	C	0.08%
	FIS	B	0.08%
	MTH	A	0.08%
	PCAR	D	0.08%
	WMB	B	0.08%
	OKE	B	0.08%
	RCL	B	0.08%
	FOXA	B	0.08%
	RS	D	0.08%
	LUMN	C	0.08%
	TMHC	A	0.08%
	LDOS	B	0.08%
	KMI	B	0.08%
	IEX	D	0.08%
	AN	D	0.08%
	L	C	0.08%
	DLR	B	0.08%
	TAP	D	0.08%
	PNR	B	0.08%
	CHD	D	0.07%
	ABG	D	0.07%
	ARW	C	0.07%
	CMC	D	0.07%
	CALM	A	0.07%
	SLG	B	0.07%
	CCK	A	0.07%
	OSK	F	0.07%
	FCN	D	0.07%
	OC	D	0.07%
	NVR	B	0.07%
	GAP	F	0.07%
	ATR	B	0.07%
	GLPI	C	0.07%
	IPG	C	0.07%
	TTWO	C	0.07%
	EXR	B	0.07%
	AIZ	B	0.07%
	AYI	B	0.07%
	TPX	C	0.06%
	MNST	D	0.06%
	PK	D	0.06%
	KD	D	0.06%
	R	A	0.06%
	VNO	B	0.06%
	HCC	F	0.06%
	KSS	F	0.06%
	FTNT	C	0.06%
	IDXX	C	0.06%
	CPT	B	0.06%
	BC	C	0.06%
	OMC	B	0.06%
	TEX	F	0.06%
	NSIT	D	0.06%
	X	F	0.06%
	SLM	D	0.06%
	INVH	C	0.06%
	INGR	B	0.06%
	SCI	B	0.06%
	ROP	C	0.06%
	CFG	C	0.06%
	PBF	F	0.06%
	CRI	D	0.06%
	COIN	F	0.06%
	MLI	A	0.06%
	CNX	B	0.06%
	NWSA	D	0.06%
	KDP	B	0.06%
	DGX	B	0.06%
	ATGE	C	0.05%
	CAG	C	0.05%
	CCL	C	0.05%
	WAT	C	0.05%
	CRUS	D	0.05%
	SKYW	C	0.05%
	ATI	C	0.05%
	TKR	D	0.05%
	RGA	C	0.05%
	LNC	D	0.05%
	PKG	B	0.05%
	LAMR	B	0.05%
	LOPE	D	0.05%
	MTN	D	0.05%
	WTW	C	0.05%
	VIRT	C	0.05%
	TW	B	0.05%
	NYT	C	0.05%
	PTC	D	0.05%
	FCNCA	D	0.05%
	DELL	D	0.05%
	IBKR	B	0.05%
	SANM	D	0.05%
	FL	D	0.05%
	WPC	C	0.05%
	POST	C	0.05%
	CPAY	B	0.05%
	URBN	F	0.05%
	G	C	0.05%
	SUI	B	0.05%
	DG	F	0.05%
	FITB	B	0.05%
	FLEX	C	0.05%
	JLL	B	0.05%
	PEG	B	0.05%
	MHO	B	0.05%
	KTB	B	0.05%
	ANSS	D	0.05%
	IVZ	B	0.05%
	TPH	C	0.05%
	CMA	B	0.04%
	APLE	D	0.04%
	GEO	F	0.04%
	SAIA	D	0.04%
	HUBG	C	0.04%
	WTM	D	0.04%
	FHI	A	0.04%
	TGNA	D	0.04%
	BLDR	C	0.04%
	CRBG	D	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	F	0.04%
	XRAY	D	0.04%
	AMH	C	0.04%
	GVA	B	0.04%
	NBIX	F	0.04%
	ENTG	F	0.04%
	GNW	B	0.04%
	PINS	F	0.04%
	ELS	C	0.04%
	VRSN	D	0.04%
	SEB	D	0.04%
	ABM	D	0.04%
	AGNC	B	0.04%
	FFIV	B	0.04%
	FLO	C	0.04%
	MTG	B	0.04%
	ADBE	F	0.04%
	BTU	D	0.04%
	THG	B	0.04%
	STLD	F	0.04%
	SRCL	A	0.04%
	KBH	A	0.04%
	ACM	B	0.04%
	WHR	D	0.04%
	BDC	B	0.04%
	DOW	D	0.04%
	LANC	D	0.04%
	GNRC	D	0.04%
	SIG	C	0.04%
	WAB	B	0.04%
	SMG	C	0.04%
	NOV	F	0.04%
	M	F	0.04%
	COOP	C	0.04%
	PAG	D	0.04%
	CLH	A	0.04%
	CUBE	B	0.04%
	SLGN	B	0.04%
	ULTA	D	0.04%
	MAC	B	0.04%
	AKAM	D	0.03%
	SSD	D	0.03%
	OKTA	F	0.03%
	TXT	D	0.03%
	ZION	D	0.03%
	HOOD	C	0.03%
	HBAN	B	0.03%
	VVV	D	0.03%
	FR	B	0.03%
	PRG	B	0.03%
	NAVI	C	0.03%
	MC	B	0.03%
	DK	F	0.03%
	MOH	D	0.03%
	BKU	C	0.03%
	BURL	B	0.03%
	SJM	C	0.03%
	PRIM	B	0.03%
	YELP	F	0.03%
	GBX	C	0.03%
	MDU	C	0.03%
	UDR	C	0.03%
	MTB	B	0.03%
	HP	F	0.03%
	SHOO	B	0.03%
	DBRG	D	0.03%
	BFAM	C	0.03%
	RUSHA	C	0.03%
	EQIX	C	0.03%
	BJ	D	0.03%
	WTS	C	0.03%
	SBH	B	0.03%
	RPRX	C	0.03%
	TFX	C	0.03%
	HBI	B	0.03%
	HSIC	C	0.03%
	TRN	D	0.03%
	AVA	C	0.03%
	PDCO	F	0.03%
	GT	F	0.03%
	MKL	C	0.03%
	BLD	D	0.03%
	MANH	B	0.03%
	EME	B	0.03%
	SEM	D	0.03%
	SLVM	B	0.03%
	TDS	C	0.03%
	ACA	B	0.03%
	FND	C	0.03%
	DINO	F	0.03%
	DOX	C	0.03%
	BHF	F	0.03%
	HOLX	B	0.03%
	MSA	D	0.03%
	XPO	D	0.03%
	CVLT	B	0.03%
	VSH	F	0.03%
	APP	C	0.03%
	JHG	B	0.03%
	AES	C	0.03%
	APG	D	0.03%
	UHAL	A	0.03%
	IFF	B	0.03%
	PSTG	F	0.03%
	GMS	D	0.03%
	AROC	D	0.03%
	CPNG	B	0.03%
	PSA	B	0.03%
	DDS	F	0.03%
	JWN	C	0.03%
	OI	D	0.03%
	AVTR	B	0.03%
	CTVA	B	0.03%
	LEG	D	0.02%
	VFC	C	0.02%
	PARA	F	0.02%
	APOG	B	0.02%
	NWL	C	0.02%
	BXP	B	0.02%
	HNI	C	0.02%
	LXP	B	0.02%
	ODP	F	0.02%
	ANDE	D	0.02%
	DORM	B	0.02%
	EWBC	D	0.02%
	OSIS	D	0.02%
	HST	C	0.02%
	BBWI	F	0.02%
	SNAP	F	0.02%
	GES	F	0.02%
	XRX	D	0.02%
	BMRN	F	0.02%
	CC	F	0.02%
	IGT	D	0.02%
	SAM	F	0.02%
	MCY	D	0.02%
	GWRE	A	0.02%
	LBRDK	F	0.02%
	XHR	B	0.02%
	AGCO	D	0.02%
	NTCT	C	0.02%
	AA	D	0.02%
	PMT	C	0.02%
	DXC	C	0.02%
	SXT	C	0.02%
	GHC	B	0.02%
	EPC	F	0.02%
	REZI	D	0.02%
	KBR	D	0.02%
	CINF	B	0.02%
	VSTO	C	0.02%
	PSN	B	0.02%
	RLJ	D	0.02%
	CG	D	0.02%
	GEF	D	0.02%
	HAE	F	0.02%
	GMED	D	0.02%
	SKX	D	0.02%
	KEY	B	0.02%
	AIR	C	0.02%
	KMPR	D	0.02%
	CTLT	B	0.02%
	LNW	B	0.02%
	COHR	C	0.02%
	CXW	F	0.02%
	PLXS	A	0.02%
	APAM	C	0.02%
	CHRD	F	0.02%
	ALGN	D	0.02%
	AXTA	B	0.02%
	TDC	F	0.02%
	PNM	B	0.02%
	WERN	D	0.02%
	EXEL	C	0.02%
	DRH	C	0.02%
	PINC	C	0.02%
	LZB	C	0.02%
	NTRS	A	0.02%
	MASI	F	0.02%
	SHO	C	0.02%
	STC	B	0.02%
	HOG	C	0.02%
	BKE	B	0.02%
	NDAQ	A	0.02%
	ADNT	F	0.02%
	UNF	C	0.02%
	RYN	C	0.02%
	GEHC	C	0.02%
	NVT	D	0.02%
	DLTR	F	0.02%
	CTRA	D	0.02%
	THS	C	0.02%
	MATX	B	0.02%
	AAP	F	0.01%
	KNX	C	0.01%
	SCHL	D	0.01%
	UHAL	A	0.01%
	SCL	D	0.01%
	ARCH	F	0.01%
	JAZZ	D	0.01%
	LYFT	D	0.01%
	CACC	F	0.01%
	KALU	F	0.01%
	UAL	C	0.01%
	SCCO	D	0.01%
	ACI	F	0.01%
	SWN	D	0.01%
	ECPG	D	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%
	MLKN	D	0.01%
	SWX	C	0.01%
	ELAN	D	0.01%
	WOR	D	0.01%
	BECN	D	0.01%
	JELD	D	0.01%
	CNM	F	0.01%
	SYNA	F	0.01%
	ESAB	C	0.01%
	HRL	C	0.01%
	ARCB	D	0.01%
	INCY	C	0.01%
	CENTA	F	0.01%
	JBGS	C	0.01%
	FLR	D	0.01%
	AMED	C	0.01%
	FHN	D	0.01%
	AFG	B	0.01%
	FELE	C	0.01%
	DTM	B	0.01%
	WAFD	C	0.01%
	SPB	C	0.01%
	WMK	C	0.01%
	BRC	C	0.01%
	DY	B	0.01%
	CADE	C	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	F	0.01%
	TTMI	D	0.01%
	CPB	C	0.01%
	CPRI	D	0.01%
	CVI	F	0.01%
	DEI	B	0.01%
	AMWD	D	0.01%
	WBS	D	0.01%
	TREX	D	0.01%
	LAUR	C	0.01%
	OMI	D	0.01%
	SAH	D	0.01%
	NNI	B	0.01%
	RBC	C	0.01%
	LAD	D	0.01%
	IOSP	D	0.01%
	MHK	C	0.01%
	LADR	B	0.01%
	GOLF	D	0.01%
	KEX	C	0.01%
	PSMT	B	0.01%
	TNET	F	0.01%
	CWEN	C	0.01%
	SNV	C	0.01%
	BHE	D	0.01%
	DAN	F	0.01%
	OLLI	C	0.01%
	PTEN	F	0.01%
	RJF	C	0.01%
	ESNT	B	0.01%
	FYBR	C	0.01%
	PHIN	B	0.01%
	SCS	D	0.01%
	DNOW	D	0.01%
	SATS	C	0.01%
	EVRG	B	0.01%
	NOMD	B	0.0%
	WOLF	F	0.0%

MFUS Underweight 54 Positions Relative to DGRW

	Symbol	Grade	Weight
	MSFT	C	-7.19%
	UNH	C	-2.08%
	MS	D	-1.88%
	GOOG	D	-1.2%
	ABT	C	-1.07%
	HON	D	-0.8%
	ADI	C	-0.58%
	APD	B	-0.43%
	SYK	C	-0.4%
	NSC	C	-0.38%
	FDX	C	-0.38%
	OXY	F	-0.17%
	DHI	B	-0.16%
	WY	C	-0.16%
	HES	F	-0.14%
	ROK	D	-0.14%
	SWKS	D	-0.11%
	EQT	D	-0.1%
	LKQ	F	-0.09%
	HUM	F	-0.08%
	OVV	F	-0.08%
	SSNC	B	-0.08%
	CIVI	F	-0.07%
	WLK	D	-0.07%
	REYN	C	-0.06%
	VOYA	B	-0.05%
	TPL	B	-0.04%
	VRT	C	-0.04%
	MGY	C	-0.03%
	ARMK	B	-0.03%
	PRI	B	-0.03%
	TECH	C	-0.02%
	BSY	D	-0.02%
	COLM	C	-0.02%
	HLNE	B	-0.02%
	TKO	B	-0.02%
	OLED	C	-0.02%
	PAYC	D	-0.02%
	ASH	D	-0.02%
	BYD	C	-0.02%
	NFE	F	-0.01%
	LFUS	C	-0.01%
	CNXC	F	-0.01%
	IPAR	F	-0.01%
	IBP	D	-0.01%
	KNSL	C	-0.01%
	AAON	B	-0.01%
	ZWS	A	-0.01%
	EXPO	A	-0.01%
	CHX	F	-0.01%
	POWI	F	-0.0%
	FUL	C	-0.0%
	BMI	A	-0.0%
	FSS	D	-0.0%

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

DGRW: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Diversified Industrials Business Services Capital Markets Aerospace & Defense Semiconductors Specialty Chemicals Asset Management Building Materials Restaurants Credit Services Specialty Retail Insurance - Property & Casualty Integrated Shipping & Logistics Auto Parts Chemicals Drug Manufacturers - Major Industrial Distribution Semiconductor Equipment & Materials Health Care Plans

Keywords: S&P 500 Nasdaq 100 Insurance Natural Gas Chemical Aerospace Electronics Computing Beverage Dow Jones Component Mining Semiconductor Building Materials Oil And Gas Adhesives Plastic Clothing Freight Transport Integrated Circuits Construction