MFUS vs. DHS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to WisdomTree High-Yielding Equity Fund (DHS)

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

DHS

WisdomTree High-Yielding Equity Fund

DHS Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Equity Income Index. Under normal circumstances, at least 95% 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 is comprised of companies with high dividend yields selected from the WisdomTree Dividend Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.45

Average Daily Volume

24,166

Number of Holdings ^*

363

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	DHS
30 Days	3.10%	3.53%
60 Days	4.82%	5.41%
90 Days	5.74%	12.24%
12 Months	28.93%	21.28%

117 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in DHS	Overlap
ABBV	C	1.34%	5.81%	1.34%
ALLY	F	0.1%	0.22%	0.1%
ANET	B	0.12%	0.03%	0.03%
AROC	D	0.03%	0.16%	0.03%
AVA	C	0.03%	0.13%	0.03%
BBY	C	0.24%	0.51%	0.24%
BEN	F	0.04%	0.22%	0.04%
BK	B	0.27%	0.81%	0.27%
BKE	B	0.02%	0.11%	0.02%
BKU	C	0.03%	0.12%	0.03%
BMY	C	0.28%	1.84%	0.28%
C	C	1.22%	2.03%	1.22%
CAG	C	0.05%	0.36%	0.05%
CBRL	D	0.01%	0.02%	0.01%
CC	F	0.02%	0.07%	0.02%
CG	D	0.02%	0.29%	0.02%
CHRD	F	0.02%	0.3%	0.02%
CMA	B	0.04%	0.25%	0.04%
CPT	B	0.06%	0.09%	0.06%
CRBG	D	0.04%	0.4%	0.04%
CRI	D	0.06%	0.13%	0.06%
CUBE	B	0.04%	0.08%	0.04%
CVI	F	0.01%	0.13%	0.01%
CVX	D	0.79%	4.21%	0.79%
CWEN	C	0.01%	0.14%	0.01%
CWEN	C	0.01%	0.05%	0.01%
DEI	B	0.01%	0.01%	0.01%
DLR	B	0.08%	0.32%	0.08%
DOW	D	0.04%	0.82%	0.04%
DTM	B	0.01%	0.23%	0.01%
DUK	C	0.13%	1.61%	0.13%
EMN	B	0.06%	0.26%	0.06%
EOG	D	0.11%	1.37%	0.11%
EVRG	B	0.01%	0.35%	0.01%
EXC	C	0.12%	0.66%	0.12%
EXR	B	0.07%	0.24%	0.07%
FAF	B	0.02%	0.16%	0.02%
FITB	B	0.05%	0.59%	0.05%
FLO	C	0.04%	0.2%	0.04%
FNF	B	0.03%	0.35%	0.03%
GEF	D	0.02%	0.08%	0.02%
GES	F	0.02%	0.06%	0.02%
GILD	B	0.78%	1.58%	0.78%
GLPI	C	0.07%	0.09%	0.07%
GLW	C	0.2%	0.65%	0.2%
HBAN	B	0.03%	0.51%	0.03%
HPQ	D	0.27%	0.56%	0.27%
HST	C	0.02%	0.08%	0.02%
HUN	D	0.01%	0.12%	0.01%
IBM	B	1.32%	4.64%	1.32%
IP	B	0.12%	0.41%	0.12%
IPG	C	0.07%	0.26%	0.07%
IRM	C	0.11%	0.2%	0.11%
JBGS	C	0.01%	0.01%	0.01%
JWN	C	0.03%	0.17%	0.03%
JXN	A	0.09%	0.26%	0.09%
K	B	0.1%	0.54%	0.1%
KALU	F	0.01%	0.07%	0.01%
KHC	C	0.16%	0.81%	0.16%
KMB	D	0.16%	1.15%	0.16%
KSS	F	0.06%	0.13%	0.06%
KTB	B	0.05%	0.15%	0.05%
LAMR	B	0.05%	0.07%	0.05%
LEG	D	0.02%	0.06%	0.02%
LNC	D	0.05%	0.23%	0.05%
LXP	B	0.02%	0.02%	0.02%
M	F	0.04%	0.12%	0.04%
MAC	B	0.04%	0.02%	0.02%
MAN	C	0.04%	0.12%	0.04%
MC	B	0.03%	0.17%	0.03%
MO	C	0.52%	5.08%	0.52%
MTB	B	0.03%	0.5%	0.03%
MTN	D	0.05%	0.16%	0.05%
NAVI	C	0.03%	0.08%	0.03%
NFG	B	0.04%	0.21%	0.04%
NTRS	A	0.02%	0.33%	0.02%
NXST	D	0.05%	0.16%	0.05%
OGN	D	0.08%	0.32%	0.08%
OKE	B	0.08%	1.22%	0.08%
OMF	D	0.03%	0.31%	0.03%
PDCO	F	0.03%	0.09%	0.03%
PEG	B	0.05%	0.99%	0.05%
PHIN	B	0.01%	0.12%	0.01%
PINC	C	0.02%	0.1%	0.02%
PK	D	0.06%	0.02%	0.02%
PM	C	0.56%	4.34%	0.56%
PNC	B	0.1%	1.31%	0.1%
PRU	C	0.25%	0.91%	0.25%
PSA	B	0.03%	0.4%	0.03%
RYN	C	0.02%	0.03%	0.02%
SJM	C	0.03%	0.25%	0.03%
SLG	B	0.07%	0.02%	0.02%
SMG	C	0.04%	0.14%	0.04%
SNV	C	0.01%	0.2%	0.01%
SON	C	0.04%	0.19%	0.04%
SPG	B	0.15%	0.35%	0.15%
STC	B	0.02%	0.1%	0.02%
SWX	C	0.01%	0.16%	0.01%
TDS	C	0.03%	0.12%	0.03%
TPR	C	0.01%	0.25%	0.01%
TRN	D	0.03%	0.12%	0.03%
TROW	D	0.08%	0.51%	0.08%
TSN	C	0.22%	0.36%	0.22%
UDR	C	0.03%	0.1%	0.03%
UPS	D	0.19%	1.59%	0.19%
USB	B	0.11%	1.36%	0.11%
UVV	D	0.01%	0.07%	0.01%
VIRT	C	0.05%	0.17%	0.05%
VTRS	D	0.13%	0.36%	0.13%
WBS	D	0.01%	0.16%	0.01%
WEN	C	0.05%	0.17%	0.05%
WMB	B	0.08%	1.13%	0.08%
WPC	C	0.05%	0.08%	0.05%
WU	F	0.08%	0.21%	0.08%
XOM	C	0.99%	6.19%	0.99%
XRX	D	0.02%	0.09%	0.02%
ZION	D	0.03%	0.19%	0.03%

MFUS Overweight 664 Positions Relative to DHS

Symbol	Grade	Weight
LLY	C	2.48%
META	B	2.02%
BRK.A	C	2.01%
WMT	C	1.87%
NVDA	D	1.6%
WFC	D	1.4%
AVGO	C	1.34%
AMZN	C	1.27%
T	C	1.23%
COST	B	1.21%
GOOGL	D	1.17%
ORCL	C	1.13%
GE	B	1.09%
JNJ	C	1.03%
AMGN	B	1.03%
VZ	B	1.01%
JPM	D	0.9%
PG	C	0.88%
MRK	D	0.87%
V	C	0.86%
CVS	D	0.8%
MA	B	0.79%
TGT	C	0.68%
AAPL	C	0.67%
MPC	F	0.64%
PEP	C	0.62%
QCOM	D	0.62%
KO	C	0.6%
GM	C	0.56%
VLO	F	0.54%
PSX	F	0.54%
PFE	C	0.53%
LMT	C	0.52%
MCK	F	0.51%
PGR	B	0.5%
UNP	C	0.48%
BKNG	C	0.47%
GS	C	0.45%
REGN	C	0.45%
NFLX	B	0.44%
AMAT	D	0.44%
AIG	D	0.42%
CSCO	C	0.42%
COF	B	0.42%
MMM	B	0.41%
CAT	B	0.41%
MCD	B	0.4%
BAC	D	0.39%
HD	B	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%
TJX	B	0.34%
KR	C	0.34%
EBAY	B	0.34%
CL	D	0.33%
F	F	0.33%
TRV	C	0.32%
ADM	D	0.32%
TMUS	C	0.31%
AZO	D	0.3%
COP	D	0.3%
ICE	C	0.29%
SYF	C	0.29%
DHR	B	0.27%
THC	A	0.27%
LRCX	F	0.27%
VST	C	0.26%
INTU	C	0.26%
ANF	D	0.26%
PANW	D	0.25%
CHTR	D	0.24%
CMCSA	D	0.24%
LII	B	0.23%
NOC	B	0.23%
LOW	B	0.23%
WM	D	0.23%
BX	B	0.23%
KLAC	D	0.23%
MDLZ	B	0.22%
CMG	C	0.22%
FICO	B	0.22%
SHW	B	0.21%
TXN	C	0.21%
UBER	C	0.21%
LYB	D	0.21%
DD	B	0.21%
VRTX	D	0.21%
WSM	D	0.21%
WSO	C	0.2%
HPE	D	0.2%
CME	C	0.2%
VRSK	D	0.2%
BSX	B	0.19%
AXP	B	0.19%
LHX	C	0.19%
MMC	C	0.19%
ACN	C	0.19%
CPRT	D	0.19%
SFM	B	0.19%
AFL	C	0.19%
AON	B	0.19%
CTAS	B	0.18%
DVA	B	0.18%
DPZ	F	0.18%
ETN	C	0.18%
ORLY	C	0.18%
PHM	B	0.17%
DECK	C	0.17%
MUSA	D	0.17%
GD	B	0.17%
GWW	B	0.17%
IT	B	0.16%
BR	D	0.16%
CB	B	0.16%
SCHW	D	0.16%
BKR	C	0.16%
UTHR	C	0.16%
MU	F	0.15%
EMR	D	0.15%
CASY	D	0.15%
MSI	B	0.15%
CLX	C	0.15%
WDC	D	0.15%
TDG	B	0.15%
BAH	C	0.14%
WBA	F	0.14%
CI	C	0.14%
SMCI	F	0.14%
KKR	B	0.13%
RSG	D	0.13%
RMD	C	0.13%
PWR	B	0.13%
JNPR	B	0.13%
BRO	C	0.13%
TRGP	B	0.13%
PH	B	0.13%
HCA	B	0.13%
EVR	A	0.12%
WELL	C	0.12%
CARR	B	0.12%
HWM	B	0.12%
STE	C	0.12%
AOS	D	0.11%
XYL	C	0.11%
CMI	C	0.11%
GIS	B	0.11%
RPM	B	0.11%
MAR	C	0.11%
GPK	B	0.1%
AVY	C	0.1%
TOL	B	0.1%
YUM	D	0.1%
APH	D	0.1%
JKHY	B	0.1%
MRO	C	0.1%
APO	C	0.1%
FTI	D	0.1%
FAST	C	0.1%
UNM	B	0.1%
CRS	B	0.1%
GPI	B	0.09%
ERIE	B	0.09%
USFD	B	0.09%
AEO	F	0.09%
ADSK	C	0.09%
ADP	B	0.09%
SLB	F	0.09%
IR	C	0.09%
EA	D	0.09%
CHRW	B	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%
AJG	D	0.09%
URI	B	0.09%
EFX	B	0.09%
UHS	B	0.09%
DKS	D	0.09%
GDDY	C	0.09%
CACI	B	0.09%
NEM	B	0.09%
NUE	F	0.08%
WCC	D	0.08%
MTD	D	0.08%
DFS	B	0.08%
LECO	F	0.08%
HLI	B	0.08%
MKC	C	0.08%
BIIB	F	0.08%
TYL	C	0.08%
FIS	B	0.08%
MTH	A	0.08%
ALSN	B	0.08%
PCAR	D	0.08%
AMP	A	0.08%
ITT	B	0.08%
ECL	B	0.08%
HLT	B	0.08%
RCL	B	0.08%
EHC	C	0.08%
FOXA	B	0.08%
RS	D	0.08%
LUMN	C	0.08%
BWXT	D	0.08%
ITW	C	0.08%
TMHC	A	0.08%
LDOS	B	0.08%
KMI	B	0.08%
IEX	D	0.08%
AN	D	0.08%
LEN	B	0.08%
NTAP	D	0.08%
ELV	C	0.08%
L	C	0.08%
MPWR	C	0.08%
CW	B	0.08%
HUBB	B	0.08%
CSX	D	0.08%
LSTR	D	0.08%
TAP	D	0.08%
PNR	B	0.08%
CHD	D	0.07%
JBL	D	0.07%
ABG	D	0.07%
POOL	C	0.07%
ARW	C	0.07%
CMC	D	0.07%
CALM	A	0.07%
CE	F	0.07%
TSCO	C	0.07%
CCK	A	0.07%
OTIS	C	0.07%
OSK	F	0.07%
FCN	D	0.07%
EQH	C	0.07%
OC	D	0.07%
SEIC	C	0.07%
NVR	B	0.07%
GAP	F	0.07%
LPLA	D	0.07%
NRG	C	0.07%
ATR	B	0.07%
SYY	D	0.07%
EXPD	C	0.07%
TTC	D	0.07%
ROST	C	0.07%
TTWO	C	0.07%
AIZ	B	0.07%
AYI	B	0.07%
MSCI	C	0.07%
BALL	C	0.07%
MMS	C	0.06%
TPX	C	0.06%
MNST	D	0.06%
BERY	B	0.06%
KD	D	0.06%
R	A	0.06%
VNO	B	0.06%
MSM	D	0.06%
HIG	B	0.06%
SBUX	C	0.06%
HCC	F	0.06%
FTNT	C	0.06%
IDXX	C	0.06%
CHE	C	0.06%
MAS	B	0.06%
BCC	B	0.06%
BC	C	0.06%
MLM	D	0.06%
OMC	B	0.06%
HSY	C	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%
SPGI	B	0.06%
SEE	D	0.06%
GNTX	F	0.06%
VMC	D	0.06%
CFG	C	0.06%
PBF	F	0.06%
COIN	F	0.06%
MLI	A	0.06%
THO	D	0.06%
CNX	B	0.06%
NWSA	D	0.06%
LPX	B	0.06%
KDP	B	0.06%
DGX	B	0.06%
UFPI	C	0.06%
AMG	C	0.05%
ATGE	C	0.05%
CCL	C	0.05%
WAT	C	0.05%
CBT	B	0.05%
CRUS	D	0.05%
BWA	D	0.05%
SKYW	C	0.05%
ATI	C	0.05%
ROL	C	0.05%
TKR	D	0.05%
MUR	F	0.05%
RGA	C	0.05%
PKG	B	0.05%
LOPE	D	0.05%
WTW	C	0.05%
TW	B	0.05%
TXRH	C	0.05%
NYT	C	0.05%
PTC	D	0.05%
A	C	0.05%
FCNCA	D	0.05%
DELL	D	0.05%
IBKR	B	0.05%
SANM	D	0.05%
FL	D	0.05%
POST	C	0.05%
FIX	B	0.05%
CPAY	B	0.05%
URBN	F	0.05%
G	C	0.05%
FDS	C	0.05%
SUI	B	0.05%
DG	F	0.05%
FLEX	C	0.05%
JLL	B	0.05%
CDW	D	0.05%
EXP	B	0.05%
MHO	B	0.05%
ANSS	D	0.05%
IVZ	B	0.05%
TPH	C	0.05%
APLE	D	0.04%
GEO	F	0.04%
LW	D	0.04%
SAIA	D	0.04%
OLN	D	0.04%
HUBG	C	0.04%
WTM	D	0.04%
RL	C	0.04%
FHI	A	0.04%
TGNA	D	0.04%
BLDR	C	0.04%
COLD	D	0.04%
GATX	D	0.04%
VC	F	0.04%
HAL	F	0.04%
BAX	C	0.04%
MOS	F	0.04%
CNO	B	0.04%
AR	F	0.04%
XRAY	D	0.04%
PR	F	0.04%
AMH	C	0.04%
HEI	B	0.04%
RGLD	C	0.04%
GVA	B	0.04%
RRC	D	0.04%
NBIX	F	0.04%
ENTG	F	0.04%
PVH	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%
MOG.A	B	0.04%
DCI	C	0.04%
MTG	B	0.04%
ADBE	F	0.04%
BTU	D	0.04%
HXL	F	0.04%
THG	B	0.04%
GGG	C	0.04%
ZTS	C	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%
FANG	D	0.04%
NDSN	C	0.04%
WST	D	0.04%
NKE	D	0.04%
LANC	D	0.04%
STZ	D	0.04%
GNRC	D	0.04%
SIG	C	0.04%
WAB	B	0.04%
NOV	F	0.04%
PPG	D	0.04%
AVT	C	0.04%
COOP	C	0.04%
PAG	D	0.04%
CLH	A	0.04%
SLGN	B	0.04%
ULTA	D	0.04%
AKAM	D	0.03%
NEU	D	0.03%
SSD	D	0.03%
DRI	B	0.03%
OKTA	F	0.03%
TXT	D	0.03%
COKE	C	0.03%
HOOD	C	0.03%
VVV	D	0.03%
FR	B	0.03%
PRG	B	0.03%
RLI	B	0.03%
DK	F	0.03%
MOH	D	0.03%
SBAC	C	0.03%
BRKR	D	0.03%
BURL	B	0.03%
AWI	B	0.03%
PRIM	B	0.03%
YELP	F	0.03%
GBX	C	0.03%
SM	F	0.03%
MDU	C	0.03%
WH	B	0.03%
HP	F	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
BFAM	C	0.03%
RUSHA	C	0.03%
AMKR	F	0.03%
MORN	C	0.03%
EQIX	C	0.03%
BJ	D	0.03%
WTS	C	0.03%
SBH	B	0.03%
MCO	B	0.03%
DLB	D	0.03%
RPRX	C	0.03%
TFX	C	0.03%
HBI	B	0.03%
HSIC	C	0.03%
LEA	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%
ACA	B	0.03%
JEF	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%
TER	D	0.03%
JHG	B	0.03%
ASO	C	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%
CPNG	B	0.03%
PAYX	C	0.03%
DDS	F	0.03%
OI	D	0.03%
AVTR	B	0.03%
CTVA	B	0.03%
ODFL	D	0.02%
TTEK	C	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%
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	D	0.02%
OSIS	D	0.02%
BBWI	F	0.02%
SNAP	F	0.02%
BMRN	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	D	0.02%
GWRE	A	0.02%
LBRDK	F	0.02%
DOV	B	0.02%
XHR	B	0.02%
GPC	D	0.02%
AIT	A	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%
NSP	F	0.02%
VSTO	C	0.02%
PSN	B	0.02%
WMS	D	0.02%
FLS	D	0.02%
RLJ	D	0.02%
MKTX	C	0.02%
PFSI	C	0.02%
HAE	F	0.02%
HII	D	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%
ORA	C	0.02%
COHR	C	0.02%
CXW	F	0.02%
JBHT	D	0.02%
PLXS	A	0.02%
APAM	C	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%
LZB	C	0.02%
WRB	C	0.02%
MASI	F	0.02%
VNT	F	0.02%
SHO	C	0.02%
HOG	C	0.02%
NDAQ	A	0.02%
ADNT	F	0.02%
UNF	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%
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%
ESI	D	0.01%
QRVO	F	0.01%
HELE	D	0.01%
HPP	D	0.01%
MTDR	F	0.01%
MLKN	D	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%
SIGI	D	0.01%
PFG	B	0.01%
ARCB	D	0.01%
INCY	C	0.01%
CENTA	F	0.01%
FLR	D	0.01%
LVS	D	0.01%
AMED	C	0.01%
FHN	D	0.01%
AFG	B	0.01%
FELE	C	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%
CSGS	C	0.01%
SAIC	C	0.01%
STRA	F	0.01%
SF	A	0.01%
TTMI	D	0.01%
CPB	C	0.01%
CPRI	D	0.01%
AMWD	D	0.01%
TREX	D	0.01%
WWD	D	0.01%
LAUR	C	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	C	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%
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%
SCS	D	0.01%
DNOW	D	0.01%
WAL	B	0.01%
CSL	B	0.01%
SATS	C	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 246 Positions Relative to DHS

Symbol	Grade	Weight
MS	D	-2.71%
SO	B	-1.56%
D	C	-1.19%
AEP	C	-1.01%
ED	C	-0.82%
ETR	B	-0.77%
KVUE	C	-0.76%
EIX	C	-0.64%
RF	B	-0.53%
FE	C	-0.52%
WEC	C	-0.5%
ES	C	-0.46%
STT	A	-0.46%
DTE	C	-0.44%
PPL	C	-0.43%
PNW	C	-0.36%
AM	C	-0.36%
O	C	-0.33%
CCI	C	-0.31%
OGE	C	-0.3%
NI	B	-0.3%
CNA	C	-0.28%
LNT	B	-0.28%
CIVI	F	-0.27%
VICI	C	-0.22%
AVB	B	-0.21%
OWL	C	-0.21%
EQR	B	-0.2%
RDN	C	-0.2%
TFSL	C	-0.19%
CNS	B	-0.19%
VCTR	B	-0.18%
TPG	B	-0.18%
COLB	B	-0.18%
ALE	B	-0.17%
UGI	C	-0.17%
VTR	C	-0.17%
FIBK	B	-0.16%
FBP	C	-0.16%
POR	C	-0.16%
OGS	B	-0.15%
FNB	C	-0.15%
GBCI	B	-0.15%
BKH	B	-0.15%
UBSI	B	-0.15%
CCOI	C	-0.15%
MAA	B	-0.14%
PFS	B	-0.14%
KNTK	B	-0.14%
VGR	B	-0.14%
SR	B	-0.14%
NWE	B	-0.14%
NJR	B	-0.14%
TNL	D	-0.14%
VLY	C	-0.13%
CBU	C	-0.13%
FULT	D	-0.13%
ESS	B	-0.13%
ARE	C	-0.13%
SFNC	B	-0.13%
HTLF	B	-0.13%
FFBC	D	-0.13%
ASB	D	-0.13%
PRK	C	-0.13%
FHB	D	-0.13%
IBTX	B	-0.12%
AUB	D	-0.12%
NOG	D	-0.12%
VAC	F	-0.11%
PPBI	D	-0.11%
FRME	D	-0.11%
LCII	C	-0.11%
BOH	D	-0.11%
TOWN	B	-0.11%
NWBI	C	-0.1%
ENR	D	-0.1%
WSBC	D	-0.1%
KIM	C	-0.1%
CVBF	D	-0.1%
TRMK	C	-0.1%
BANR	B	-0.1%
INDB	C	-0.1%
PTVE	D	-0.09%
REG	C	-0.09%
STBA	B	-0.09%
FCF	C	-0.09%
KLG	C	-0.09%
KRO	D	-0.08%
HMN	D	-0.08%
SASR	B	-0.08%
BUSE	C	-0.08%
NWN	C	-0.08%
VRTS	F	-0.08%
HOPE	B	-0.08%
BLMN	F	-0.07%
SAFT	D	-0.07%
PBI	D	-0.07%
VBTX	B	-0.07%
SBSI	B	-0.06%
NNN	C	-0.06%
OCFC	B	-0.06%
AMSF	C	-0.06%
PEBO	C	-0.06%
FRT	C	-0.06%
WWW	B	-0.06%
CFFN	D	-0.05%
TMP	C	-0.05%
MNRO	D	-0.05%
STAG	C	-0.05%
UVSP	B	-0.05%
BRX	B	-0.05%
DLX	D	-0.05%
UWMC	D	-0.05%
JBSS	D	-0.05%
PFC	C	-0.05%
CTBI	B	-0.05%
GRNT	D	-0.05%
CRGY	D	-0.05%
DCOM	B	-0.05%
PLOW	C	-0.04%
TRST	C	-0.04%
UVE	C	-0.04%
SWBI	F	-0.04%
BGS	D	-0.04%
SXC	F	-0.04%
MBWM	D	-0.04%
RHP	C	-0.04%
ADC	C	-0.04%
HBT	C	-0.04%
CPF	B	-0.04%
HBNC	B	-0.04%
IBCP	B	-0.04%
SPTN	C	-0.04%
HFWA	C	-0.04%
BRKL	C	-0.04%
FCBC	A	-0.04%
ETH	D	-0.04%
NHI	C	-0.03%
MOFG	B	-0.03%
AROW	D	-0.03%
ITIC	B	-0.03%
SHBI	B	-0.03%
DHIL	C	-0.03%
MSBI	D	-0.03%
BHRB	C	-0.03%
BRY	F	-0.03%
GCMG	B	-0.03%
DIN	F	-0.03%
BHB	A	-0.03%
NFBK	C	-0.03%
MPB	B	-0.03%
NSA	B	-0.03%
SBRA	C	-0.03%
IRT	B	-0.03%
THFF	B	-0.03%
ACCO	C	-0.03%
WASH	A	-0.03%
NPK	D	-0.03%
CAC	C	-0.03%
REPX	D	-0.03%
HAFC	C	-0.03%
EPRT	B	-0.03%
FMNB	B	-0.03%
EGY	D	-0.03%
HTBK	C	-0.03%
EBF	B	-0.03%
CIVB	C	-0.02%
NEWT	F	-0.02%
FLIC	B	-0.02%
MSB	C	-0.02%
MPX	D	-0.02%
FCPT	C	-0.02%
MOV	F	-0.02%
HVT	D	-0.02%
CZNC	D	-0.02%
FF	C	-0.02%
SPOK	C	-0.02%
EGBN	C	-0.02%
FNLC	C	-0.02%
FRST	C	-0.02%
WTBA	D	-0.02%
PFIS	B	-0.02%
RM	B	-0.02%
SAVE	F	-0.02%
KRNY	C	-0.02%
AKR	B	-0.02%
AAN	C	-0.02%
UE	B	-0.02%
BMRC	C	-0.02%
NUS	F	-0.02%
RGP	F	-0.02%
VLGEA	B	-0.02%
NVEC	D	-0.02%
AMSWA	C	-0.02%
WSBF	B	-0.02%
SKT	B	-0.02%
FMAO	B	-0.02%
NRIM	B	-0.02%
BNL	B	-0.02%
FISI	B	-0.02%
EPR	B	-0.02%
CTRE	C	-0.02%
FFIC	C	-0.02%
GTN	D	-0.02%
KRC	B	-0.02%
PCH	C	-0.02%
CUZ	B	-0.02%
IIPR	B	-0.02%
BSRR	B	-0.02%
RBB	B	-0.02%
DGICA	B	-0.02%
ALRS	C	-0.02%
INN	A	-0.01%
GMRE	C	-0.01%
LAND	C	-0.01%
WSR	D	-0.01%
OLP	B	-0.01%
PLYM	D	-0.01%
AAT	B	-0.01%
NXRT	C	-0.01%
CBL	D	-0.01%
ROIC	B	-0.01%
LTC	C	-0.01%
III	F	-0.01%
ALEX	B	-0.01%
ALX	B	-0.01%
DEA	B	-0.01%
KW	C	-0.01%
UMH	C	-0.01%
NWFL	C	-0.01%
GTY	B	-0.01%
PCB	C	-0.01%
PKBK	B	-0.01%
NXDT	C	-0.0%
BRT	C	-0.0%
CHCT	F	-0.0%
PKST	C	-0.0%
PSTL	B	-0.0%
RMR	C	-0.0%
NTST	D	-0.0%
CSR	B	-0.0%
CTO	C	-0.0%
AHH	B	-0.0%
EVC	D	-0.0%
BFS	B	-0.0%
SVC	D	-0.0%