MFUS vs. DIVB ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares U.S. Dividend and Buyback ETF (DIVB)

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

$50.67

Average Daily Volume

5,789

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

DIVB

iShares U.S. Dividend and Buyback ETF

DIVB Description

The investment seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index. The underlying index is designed to provide exposure to U.S.-based companies that return capital to shareholders through either dividend payments or share buybacks.

Grade (RS Rating)

Last Trade

$49.33

Average Daily Volume

82,506

Number of Holdings ^*

433

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	DIVB
30 Days	0.35%	0.65%
60 Days	4.44%	5.36%
90 Days	6.01%	9.40%
12 Months	31.84%	33.55%

303 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in DIVB	Overlap
AAP	C	0.01%	0.02%	0.01%
ABBV	F	1.65%	1.34%	1.34%
ABM	B	0.04%	0.02%	0.02%
ACI	C	0.01%	0.02%	0.01%
ACN	B	0.24%	3.48%	0.24%
ADP	A	0.11%	0.37%	0.11%
AEO	F	0.08%	0.02%	0.02%
AEP	D	0.08%	0.11%	0.08%
AES	F	0.01%	0.04%	0.01%
AFL	C	0.21%	0.37%	0.21%
AGNC	C	0.04%	0.0%	0.0%
AIG	B	0.36%	0.58%	0.36%
AIZ	A	0.08%	0.04%	0.04%
ALL	B	0.25%	0.18%	0.18%
ALLY	C	0.05%	0.07%	0.05%
AMGN	F	1.03%	0.48%	0.48%
AMH	C	0.04%	0.01%	0.01%
AMP	A	0.17%	0.35%	0.17%
AMT	F	0.15%	0.29%	0.15%
AOS	F	0.09%	0.05%	0.05%
APAM	B	0.03%	0.02%	0.02%
APLE	B	0.03%	0.01%	0.01%
ARCH	B	0.01%	0.03%	0.01%
ARES	B	0.09%	0.06%	0.06%
AROC	B	0.04%	0.01%	0.01%
AVA	C	0.03%	0.0%	0.0%
AVB	B	0.03%	0.07%	0.03%
AVT	C	0.04%	0.18%	0.04%
BAC	A	0.42%	1.36%	0.42%
BAX	F	0.05%	0.06%	0.05%
BBY	C	0.22%	0.12%	0.12%
BC	D	0.06%	0.05%	0.05%
BEN	C	0.02%	0.05%	0.02%
BERY	D	0.06%	0.05%	0.05%
BK	B	0.18%	0.41%	0.18%
BKR	B	0.07%	0.14%	0.07%
BMY	B	0.4%	1.06%	0.4%
BTU	C	0.06%	0.03%	0.03%
BX	A	0.12%	0.38%	0.12%
BXP	D	0.02%	0.07%	0.02%
C	B	0.65%	0.64%	0.64%
CADE	B	0.01%	0.0%	0.0%
CAG	F	0.04%	0.07%	0.04%
CAH	B	0.25%	0.19%	0.19%
CAT	B	0.2%	1.11%	0.2%
CBSH	A	0.01%	0.03%	0.01%
CC	C	0.02%	0.04%	0.02%
CCI	F	0.07%	0.26%	0.07%
CDP	C	0.04%	0.02%	0.02%
CFG	B	0.04%	0.18%	0.04%
CFR	B	0.01%	0.03%	0.01%
CG	B	0.03%	0.07%	0.03%
CHRW	A	0.13%	0.09%	0.09%
CI	D	0.13%	0.69%	0.13%
CINF	A	0.02%	0.08%	0.02%
CL	F	0.37%	0.27%	0.27%
CLX	A	0.13%	0.06%	0.06%
CMA	A	0.04%	0.04%	0.04%
CME	B	0.14%	0.35%	0.14%
CMI	A	0.13%	0.12%	0.12%
CMS	D	0.03%	0.04%	0.03%
CNO	B	0.04%	0.02%	0.02%
CNS	C	0.01%	0.01%	0.01%
COF	B	0.27%	0.19%	0.19%
COLD	F	0.03%	0.02%	0.02%
COP	C	0.07%	0.84%	0.07%
CPB	F	0.05%	0.03%	0.03%
CPT	C	0.06%	0.05%	0.05%
CSCO	A	0.65%	5.38%	0.65%
CSX	B	0.11%	0.44%	0.11%
CUBE	D	0.04%	0.04%	0.04%
CVI	F	0.01%	0.0%	0.0%
CVS	F	0.66%	0.67%	0.66%
CVX	A	0.39%	2.11%	0.39%
CWEN	D	0.01%	0.01%	0.01%
CWEN	D	0.01%	0.01%	0.01%
D	D	0.07%	0.14%	0.07%
DFS	B	0.09%	0.27%	0.09%
DG	F	0.1%	0.14%	0.1%
DGX	B	0.09%	0.08%	0.08%
DKS	D	0.08%	0.07%	0.07%
DLB	D	0.02%	0.04%	0.02%
DOW	F	0.02%	0.27%	0.02%
DRI	B	0.03%	0.11%	0.03%
DTE	D	0.02%	0.02%	0.02%
DTM	A	0.01%	0.03%	0.01%
DUK	D	0.14%	0.32%	0.14%
EBAY	C	0.36%	0.23%	0.23%
ED	D	0.06%	0.16%	0.06%
EIX	C	0.05%	0.12%	0.05%
ELS	B	0.04%	0.03%	0.03%
EMN	D	0.04%	0.07%	0.04%
EMR	A	0.08%	0.31%	0.08%
EQH	B	0.08%	0.02%	0.02%
EQR	C	0.04%	0.1%	0.04%
ES	D	0.04%	0.08%	0.04%
ESNT	D	0.01%	0.02%	0.01%
ESS	C	0.04%	0.07%	0.04%
ETR	B	0.05%	0.05%	0.05%
EVR	B	0.12%	0.06%	0.06%
EVRG	A	0.02%	0.06%	0.02%
EWBC	B	0.02%	0.06%	0.02%
EXC	C	0.07%	0.15%	0.07%
EXPD	C	0.11%	0.16%	0.11%
EXR	D	0.11%	0.12%	0.11%
F	C	0.15%	0.31%	0.15%
FAF	C	0.02%	0.03%	0.02%
FANG	C	0.05%	0.23%	0.05%
FAST	B	0.13%	0.11%	0.11%
FE	D	0.03%	0.08%	0.03%
FHI	A	0.03%	0.03%	0.03%
FHN	A	0.01%	0.06%	0.01%
FIS	B	0.08%	1.88%	0.08%
FITB	A	0.04%	0.13%	0.04%
FLO	F	0.04%	0.02%	0.02%
FNF	C	0.03%	0.06%	0.03%
FR	D	0.01%	0.02%	0.01%
G	B	0.05%	0.14%	0.05%
GAP	B	0.06%	0.02%	0.02%
GEF	B	0.02%	0.01%	0.01%
GEF	B	0.02%	0.0%	0.0%
GEN	B	0.1%	0.54%	0.1%
GILD	B	0.87%	0.55%	0.55%
GIS	F	0.19%	0.29%	0.19%
GLPI	D	0.07%	0.03%	0.03%
GLW	B	0.21%	0.54%	0.21%
GOLF	B	0.01%	0.02%	0.01%
GS	B	0.36%	1.24%	0.36%
HBAN	A	0.03%	0.11%	0.03%
HD	B	0.62%	1.58%	0.62%
HIG	C	0.06%	0.21%	0.06%
HII	F	0.02%	0.02%	0.02%
HOG	D	0.02%	0.04%	0.02%
HP	C	0.02%	0.03%	0.02%
HPE	B	0.11%	0.71%	0.11%
HPQ	B	0.29%	1.27%	0.29%
HRB	D	0.08%	0.07%	0.07%
HRL	F	0.02%	0.03%	0.02%
HST	D	0.02%	0.07%	0.02%
HSY	F	0.06%	0.11%	0.06%
IBM	D	1.07%	3.57%	1.07%
IFF	F	0.03%	0.06%	0.03%
INGR	B	0.06%	0.04%	0.04%
INVH	D	0.04%	0.06%	0.04%
IP	B	0.09%	0.13%	0.09%
IPG	F	0.04%	0.11%	0.04%
IRM	D	0.13%	0.09%	0.09%
ITW	B	0.1%	0.36%	0.1%
IVZ	B	0.03%	0.04%	0.03%
JCI	A	0.06%	0.19%	0.06%
JEF	B	0.02%	0.04%	0.02%
JHG	A	0.04%	0.04%	0.04%
JNJ	D	1.27%	1.46%	1.27%
JNPR	D	0.14%	0.27%	0.14%
JPM	A	0.93%	2.49%	0.93%
JWN	B	0.04%	0.01%	0.01%
K	A	0.15%	0.06%	0.06%
KBH	D	0.03%	0.04%	0.03%
KDP	C	0.07%	0.16%	0.07%
KEY	B	0.02%	0.09%	0.02%
KHC	F	0.16%	0.18%	0.16%
KIM	A	0.02%	0.07%	0.02%
KMB	D	0.17%	0.18%	0.17%
KMI	B	0.1%	0.24%	0.1%
KMPR	A	0.02%	0.01%	0.01%
KO	F	1.07%	0.8%	0.8%
KR	A	0.37%	0.09%	0.09%
KTB	A	0.06%	0.02%	0.02%
LAMR	D	0.05%	0.05%	0.05%
LEA	F	0.01%	0.04%	0.01%
LHX	B	0.27%	0.17%	0.17%
LMT	D	0.78%	0.86%	0.78%
LNT	C	0.02%	0.04%	0.02%
LOW	B	0.36%	1.08%	0.36%
LPX	A	0.07%	0.03%	0.03%
LXP	D	0.02%	0.01%	0.01%
LYB	F	0.16%	0.14%	0.14%
M	C	0.02%	0.02%	0.02%
MAA	C	0.02%	0.07%	0.02%
MAC	B	0.04%	0.02%	0.02%
MAN	F	0.03%	0.03%	0.03%
MAS	D	0.06%	0.06%	0.06%
MC	B	0.03%	0.02%	0.02%
MCD	C	0.54%	0.83%	0.54%
MCY	B	0.02%	0.01%	0.01%
MDLZ	F	0.24%	0.37%	0.24%
MDU	D	0.02%	0.01%	0.01%
MET	C	0.32%	0.45%	0.32%
MKC	D	0.06%	0.04%	0.04%
MMM	C	0.58%	0.3%	0.3%
MRK	F	0.89%	0.79%	0.79%
MRO	B	0.03%	0.14%	0.03%
MS	A	0.2%	1.23%	0.2%
MSM	C	0.06%	0.04%	0.04%
MTB	A	0.04%	0.22%	0.04%
MTG	C	0.02%	0.05%	0.02%
MUR	D	0.01%	0.02%	0.01%
NEE	D	0.24%	0.11%	0.11%
NEM	F	0.18%	0.15%	0.15%
NEU	C	0.02%	0.02%	0.02%
NFG	D	0.05%	0.02%	0.02%
NI	A	0.02%	0.04%	0.02%
NKE	F	0.06%	0.68%	0.06%
NNN	F	0.01%	0.03%	0.01%
NOC	D	0.37%	0.33%	0.33%
NRG	C	0.07%	0.13%	0.07%
NSC	B	0.07%	0.24%	0.07%
NSP	F	0.02%	0.02%	0.02%
NTAP	D	0.1%	0.73%	0.1%
NTRS	A	0.03%	0.12%	0.03%
NUE	D	0.08%	0.28%	0.08%
NWL	B	0.02%	0.02%	0.02%
OGN	F	0.05%	0.02%	0.02%
OHI	C	0.02%	0.04%	0.02%
OKE	A	0.09%	0.2%	0.09%
OMC	A	0.06%	0.16%	0.06%
OMF	A	0.03%	0.07%	0.03%
ONB	B	0.01%	0.02%	0.01%
PAG	B	0.02%	0.03%	0.02%
PAYX	B	0.04%	0.14%	0.04%
PB	B	0.01%	0.03%	0.01%
PBF	F	0.02%	0.04%	0.02%
PECO	B	0.01%	0.02%	0.01%
PEG	C	0.06%	0.12%	0.06%
PEP	D	0.76%	0.81%	0.76%
PFE	F	0.62%	0.93%	0.62%
PFG	C	0.01%	0.17%	0.01%
PG	C	1.03%	1.52%	1.03%
PKG	B	0.1%	0.09%	0.09%
PM	B	0.92%	0.88%	0.88%
PNC	B	0.11%	0.43%	0.11%
PNM	B	0.02%	0.01%	0.01%
PNW	A	0.01%	0.04%	0.01%
PPG	F	0.05%	0.09%	0.05%
PPL	A	0.04%	0.08%	0.04%
PRU	B	0.23%	0.34%	0.23%
PSA	D	0.1%	0.19%	0.1%
PSX	C	0.22%	0.42%	0.22%
PTEN	C	0.01%	0.03%	0.01%
R	B	0.07%	0.06%	0.06%
RDN	C	0.01%	0.04%	0.01%
RF	A	0.02%	0.13%	0.02%
RHI	B	0.02%	0.06%	0.02%
RL	B	0.03%	0.07%	0.03%
RPRX	F	0.03%	0.05%	0.03%
RTX	D	0.22%	1.06%	0.22%
RUSHA	B	0.04%	0.02%	0.02%
RYN	F	0.03%	0.02%	0.02%
SBUX	B	0.1%	0.37%	0.1%
SCI	B	0.07%	0.07%	0.07%
SEE	C	0.06%	0.01%	0.01%
SF	A	0.01%	0.06%	0.01%
SHOO	D	0.03%	0.02%	0.02%
SJM	F	0.04%	0.08%	0.04%
SLB	C	0.01%	0.18%	0.01%
SLG	C	0.08%	0.02%	0.02%
SMG	D	0.05%	0.02%	0.02%
SNV	B	0.02%	0.04%	0.02%
SO	D	0.13%	0.23%	0.13%
SON	F	0.04%	0.02%	0.02%
SPG	A	0.16%	0.3%	0.16%
SRE	B	0.07%	0.16%	0.07%
SSB	B	0.01%	0.02%	0.01%
STLD	C	0.04%	0.21%	0.04%
SXT	B	0.02%	0.01%	0.01%
SYY	D	0.13%	0.2%	0.13%
T	A	0.74%	1.21%	0.74%
TAP	B	0.08%	0.06%	0.06%
TFC	B	0.08%	0.31%	0.08%
TGT	C	0.75%	0.24%	0.24%
THG	A	0.04%	0.02%	0.02%
THO	B	0.07%	0.02%	0.02%
TPR	A	0.01%	0.08%	0.01%
TRGP	B	0.1%	0.11%	0.1%
TROW	A	0.09%	0.18%	0.09%
TRV	B	0.2%	0.26%	0.2%
TSN	B	0.17%	0.08%	0.08%
TXN	B	0.3%	3.04%	0.3%
UDR	C	0.03%	0.02%	0.02%
UGI	D	0.01%	0.03%	0.01%
UNM	A	0.04%	0.06%	0.04%
UNP	D	0.51%	0.49%	0.49%
UPS	C	0.25%	0.73%	0.25%
USB	B	0.1%	0.3%	0.1%
VFC	C	0.02%	0.02%	0.02%
VSH	F	0.02%	0.06%	0.02%
VTR	C	0.04%	0.04%	0.04%
VTRS	B	0.13%	0.09%	0.09%
VZ	D	1.03%	1.53%	1.03%
WAL	B	0.02%	0.02%	0.02%
WBA	D	0.13%	0.11%	0.11%
WBS	A	0.01%	0.05%	0.01%
WEN	C	0.06%	0.03%	0.03%
WFC	A	0.87%	2.18%	0.87%
WH	A	0.04%	0.07%	0.04%
WMB	B	0.1%	0.22%	0.1%
WPC	F	0.03%	0.06%	0.03%
WSO	B	0.16%	0.03%	0.03%
WTW	A	0.11%	0.16%	0.11%
XOM	B	0.44%	2.94%	0.44%
XRAY	F	0.03%	0.04%	0.03%
YUM	B	0.14%	0.12%	0.12%
ZION	B	0.02%	0.04%	0.02%

MFUS Overweight 514 Positions Relative to DIVB

Symbol	Grade	Weight
LLY	F	2.52%
META	B	2.36%
BRK.A	B	2.36%
NVDA	A	1.82%
WMT	A	1.72%
AMZN	A	1.64%
AVGO	C	1.63%
ORCL	A	1.42%
COST	B	1.33%
AAPL	C	0.96%
QCOM	F	0.8%
UNH	B	0.77%
MO	A	0.73%
PGR	A	0.57%
GE	D	0.56%
MCK	B	0.56%
AMAT	F	0.55%
NFLX	A	0.48%
TMUS	A	0.42%
BKNG	A	0.41%
REGN	F	0.4%
GM	B	0.37%
TJX	A	0.36%
NOW	A	0.34%
MPC	D	0.32%
CHTR	B	0.3%
V	A	0.3%
TMO	F	0.3%
SPGI	C	0.29%
ICE	C	0.29%
WM	A	0.28%
ISRG	A	0.28%
MA	B	0.28%
AZO	B	0.28%
THC	B	0.28%
HCA	D	0.27%
SYF	B	0.27%
DHR	F	0.26%
AON	B	0.25%
ANF	C	0.25%
GD	C	0.25%
KLAC	F	0.24%
SFM	B	0.24%
ADM	F	0.24%
VRTX	B	0.23%
PANW	B	0.23%
FICO	B	0.22%
AXP	B	0.22%
SHW	A	0.22%
UBER	F	0.22%
GWW	B	0.21%
LII	B	0.21%
ORLY	A	0.2%
CMG	B	0.2%
BSX	A	0.2%
VST	B	0.2%
MMC	D	0.2%
INTC	C	0.19%
MSI	B	0.19%
CTAS	B	0.19%
UTHR	B	0.19%
WSM	F	0.19%
LRCX	F	0.18%
BAH	C	0.18%
FI	A	0.18%
MU	D	0.17%
COR	B	0.17%
RMD	C	0.17%
EA	A	0.17%
VLO	C	0.16%
DECK	B	0.16%
CASY	B	0.16%
CB	C	0.16%
BR	A	0.16%
PLTR	B	0.16%
VRSK	A	0.16%
ELV	F	0.16%
CMCSA	B	0.16%
ANET	C	0.15%
HWM	B	0.15%
MUSA	B	0.15%
AJG	A	0.15%
TDG	D	0.15%
DVA	C	0.15%
PH	A	0.14%
MCO	C	0.14%
KKR	B	0.14%
IT	B	0.14%
RPM	A	0.13%
LDOS	C	0.13%
DPZ	C	0.13%
RSG	B	0.13%
PYPL	A	0.12%
PWR	B	0.12%
BRO	B	0.12%
APH	B	0.12%
WELL	B	0.12%
BDX	F	0.12%
CW	C	0.11%
CACI	C	0.11%
FOXA	A	0.11%
XYL	F	0.11%
BWXT	B	0.11%
CEG	D	0.11%
GDDY	B	0.11%
TSCO	D	0.11%
JKHY	C	0.11%
EFX	F	0.11%
NVR	D	0.1%
AYI	A	0.1%
AVY	F	0.1%
PHM	D	0.1%
CRS	B	0.1%
JXN	C	0.1%
DASH	A	0.1%
DD	D	0.1%
ALSN	B	0.1%
GPI	B	0.09%
IEX	B	0.09%
LSTR	B	0.09%
ADSK	B	0.09%
CALM	B	0.09%
URI	B	0.09%
DLR	C	0.09%
EHC	B	0.09%
RCL	A	0.09%
HLT	A	0.09%
TMHC	B	0.09%
MTD	F	0.09%
OTIS	D	0.08%
ABG	B	0.08%
HCC	C	0.08%
GEHC	D	0.08%
STE	D	0.08%
HLI	B	0.08%
WCC	B	0.08%
MPWR	F	0.08%
ITT	A	0.08%
SMCI	F	0.08%
CPRT	A	0.08%
ATR	A	0.08%
SEIC	A	0.08%
GPK	D	0.08%
ECL	C	0.08%
MLI	B	0.08%
TYL	B	0.08%
WDC	D	0.08%
IR	A	0.08%
CNX	B	0.07%
EXP	B	0.07%
MSCI	B	0.07%
COIN	B	0.07%
CHD	A	0.07%
DHI	D	0.07%
BCC	B	0.07%
LEN	D	0.07%
TTWO	A	0.07%
ALNY	D	0.07%
BIIB	F	0.07%
MLM	B	0.07%
POOL	D	0.07%
BALL	D	0.07%
MNST	B	0.07%
VNO	C	0.07%
ATGE	C	0.06%
CMC	B	0.06%
NXST	C	0.06%
FCN	F	0.06%
STZ	D	0.06%
LECO	C	0.06%
CHE	D	0.06%
TPH	C	0.06%
TW	B	0.06%
WAT	B	0.06%
L	A	0.06%
MMS	F	0.06%
TXRH	A	0.06%
O	D	0.06%
JLL	C	0.06%
LPLA	A	0.06%
RGA	A	0.06%
PK	C	0.06%
AMG	B	0.06%
AN	C	0.06%
FFIV	B	0.06%
CCK	D	0.06%
FTNT	B	0.06%
MTH	D	0.06%
TTC	F	0.06%
ROP	A	0.06%
UHS	D	0.06%
TOL	B	0.06%
APP	B	0.06%
WU	F	0.06%
ROL	C	0.06%
UFPI	B	0.06%
SKYW	B	0.06%
URBN	C	0.05%
ERIE	F	0.05%
SCHW	B	0.05%
CRBG	C	0.05%
WST	B	0.05%
MTN	C	0.05%
USFD	B	0.05%
NDAQ	B	0.05%
CNC	F	0.05%
COOP	B	0.05%
GVA	B	0.05%
HBI	B	0.05%
CARR	C	0.05%
EXEL	B	0.05%
GNTX	C	0.05%
SLGN	B	0.05%
CBRE	B	0.05%
TEX	D	0.05%
ANSS	B	0.05%
VIRT	B	0.05%
CRI	D	0.05%
IDXX	F	0.05%
POST	D	0.05%
SUI	F	0.05%
ZTS	D	0.05%
BFH	B	0.05%
WAB	B	0.05%
CBT	C	0.05%
A	F	0.05%
IBKR	A	0.05%
LUMN	C	0.05%
NSIT	F	0.05%
SLM	A	0.05%
FCNCA	B	0.05%
SQ	B	0.05%
FIX	B	0.05%
GNRC	B	0.05%
HOLX	D	0.04%
DOX	C	0.04%
ADBE	C	0.04%
TRN	B	0.04%
BJ	B	0.04%
ACM	B	0.04%
SEM	C	0.04%
CLH	B	0.04%
BDC	C	0.04%
LANC	C	0.04%
CVLT	B	0.04%
SANM	C	0.04%
PSTG	D	0.04%
HUBG	A	0.04%
PRIM	B	0.04%
FDS	A	0.04%
WTM	A	0.04%
GBX	A	0.04%
BLDR	C	0.04%
SLVM	C	0.04%
HEI	A	0.04%
BHF	B	0.04%
ULTA	C	0.04%
NWSA	B	0.04%
GEO	B	0.04%
OLN	F	0.04%
CE	F	0.04%
VRSN	C	0.04%
FL	F	0.04%
ATI	F	0.04%
LOPE	B	0.04%
FTI	B	0.04%
NBIX	C	0.04%
CPNG	B	0.04%
CTVA	C	0.04%
GATX	B	0.04%
TKR	F	0.04%
SIG	B	0.04%
CRUS	F	0.04%
PTC	B	0.04%
ARW	F	0.04%
EME	B	0.04%
AR	B	0.04%
MAR	A	0.04%
RS	C	0.04%
ZBRA	B	0.04%
KD	A	0.04%
TDS	C	0.04%
RGLD	C	0.04%
VLTO	D	0.04%
SRCL	B	0.04%
TGNA	B	0.04%
MHO	D	0.04%
MOG.A	B	0.04%
NDSN	B	0.04%
FLEX	B	0.04%
DCI	A	0.04%
UNF	B	0.03%
DRH	C	0.03%
HXL	F	0.03%
ORA	B	0.03%
BKE	A	0.03%
OI	C	0.03%
DLTR	F	0.03%
SBAC	D	0.03%
BURL	C	0.03%
TFX	F	0.03%
WHR	B	0.03%
LNC	B	0.03%
VC	F	0.03%
BKU	A	0.03%
AKAM	F	0.03%
AMKR	F	0.03%
PRG	B	0.03%
PLXS	C	0.03%
DELL	C	0.03%
TER	F	0.03%
DDS	B	0.03%
COHR	C	0.03%
LBRDK	C	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	B	0.03%
CPAY	A	0.03%
TPX	B	0.03%
LW	B	0.03%
GGG	B	0.03%
JBL	C	0.03%
X	D	0.03%
AVTR	F	0.03%
SM	C	0.03%
CDW	F	0.03%
MASI	B	0.03%
DBRG	F	0.03%
MATX	B	0.03%
XPO	B	0.03%
BLD	F	0.03%
HUBB	C	0.03%
ASO	F	0.03%
OSK	B	0.03%
HOOD	B	0.03%
NYT	C	0.03%
MANH	C	0.03%
MORN	B	0.03%
AWI	B	0.03%
HSIC	F	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	F	0.02%
TTMI	B	0.02%
DNOW	B	0.02%
SSNC	C	0.02%
LAUR	B	0.02%
BHE	C	0.02%
UHAL	D	0.02%
SATS	D	0.02%
ATO	B	0.02%
AA	C	0.02%
AXTA	A	0.02%
JBLU	C	0.02%
CSL	B	0.02%
LEG	F	0.02%
TTEK	F	0.02%
ODFL	B	0.02%
OSIS	B	0.02%
ANDE	D	0.02%
TDC	F	0.02%
LAD	B	0.02%
HNI	B	0.02%
APG	C	0.02%
WKC	C	0.02%
SNDR	B	0.02%
BRKR	F	0.02%
NAVI	D	0.02%
PNR	A	0.02%
ODP	F	0.02%
PMT	D	0.02%
VVV	B	0.02%
RLJ	C	0.02%
OC	A	0.02%
EPC	F	0.02%
LNW	F	0.02%
APOG	B	0.02%
DOV	A	0.02%
PFSI	D	0.02%
SAM	B	0.02%
YELP	C	0.02%
AIR	B	0.02%
NTCT	B	0.02%
VSCO	B	0.02%
GWRE	A	0.02%
XHR	B	0.02%
SKX	F	0.02%
DORM	B	0.02%
AGCO	F	0.02%
CCL	B	0.02%
HAE	B	0.02%
CTLT	D	0.02%
SBH	A	0.02%
GHC	B	0.02%
CXW	B	0.02%
KBR	D	0.02%
WMS	F	0.02%
RRC	B	0.02%
KSS	D	0.02%
DK	D	0.02%
PVH	C	0.02%
THS	F	0.02%
MSA	D	0.02%
STC	C	0.02%
VSTO	A	0.02%
GMED	B	0.02%
COKE	C	0.02%
ADNT	D	0.02%
PDCO	F	0.02%
WRB	B	0.02%
LZB	B	0.02%
PINC	B	0.02%
PSN	C	0.02%
ACA	B	0.02%
JBHT	C	0.02%
MKTX	C	0.02%
WERN	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
NOV	C	0.01%
KNX	C	0.01%
CPRI	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
UHAL	D	0.01%
RKT	F	0.01%
ELAN	C	0.01%
MLKN	D	0.01%
MKSI	C	0.01%
PARA	B	0.01%
CACC	D	0.01%
IMKTA	B	0.01%
CNXN	C	0.01%
WOR	F	0.01%
ECPG	C	0.01%
ARI	C	0.01%
IGT	F	0.01%
HTH	B	0.01%
GIII	C	0.01%
UVV	B	0.01%
SR	C	0.01%
WGO	B	0.01%
ALEX	B	0.01%
SEB	F	0.01%
OUT	B	0.01%
RVTY	C	0.01%
XRX	F	0.01%
SWX	B	0.01%
ARMK	B	0.01%
KALU	C	0.01%
CENTA	C	0.01%
ESI	B	0.01%
SHO	D	0.01%
SPR	F	0.01%
WAFD	B	0.01%
JELD	F	0.01%
JBGS	F	0.01%
SIGI	B	0.01%
AMED	F	0.01%
WMK	B	0.01%
CLF	F	0.01%
OMI	F	0.01%
BRC	B	0.01%
DY	C	0.01%
FDP	B	0.01%
STRA	C	0.01%
DAN	D	0.01%
FELE	B	0.01%
SPB	A	0.01%
CNM	D	0.01%
MOS	D	0.01%
KN	B	0.01%
PPC	C	0.01%
IDCC	B	0.01%
TNET	C	0.01%
MHK	D	0.01%
DXC	B	0.01%
CROX	F	0.01%
CSGS	B	0.01%
WTFC	B	0.01%
BBWI	C	0.01%
LADR	B	0.01%
INCY	B	0.01%
CR	B	0.01%
SAIC	D	0.01%
FLR	C	0.01%
WWD	B	0.01%
H	B	0.01%
ESAB	B	0.01%
RBC	B	0.01%
GES	F	0.01%
ALGN	D	0.01%
IOSP	B	0.01%
GME	C	0.01%
UAL	A	0.01%
SCS	B	0.01%
NNI	C	0.01%
SAH	B	0.01%
PSMT	D	0.01%
KEX	A	0.01%
AMWD	B	0.01%
ICUI	D	0.01%
ADC	A	0.01%
BWA	B	0.01%
BMRN	F	0.01%
VNT	C	0.01%
FYBR	D	0.01%
DEI	B	0.01%
GT	C	0.01%
SCCO	F	0.0%
NOMD	F	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 130 Positions Relative to DIVB

Symbol	Grade	Weight
TEL	B	-1.17%
MCHP	F	-0.94%
CTSH	A	-0.85%
DE	D	-0.72%
BLK	A	-0.62%
HON	B	-0.61%
MDT	D	-0.59%
ABT	C	-0.55%
CRH	B	-0.46%
STX	D	-0.42%
PLD	D	-0.31%
SWKS	F	-0.31%
FDX	B	-0.29%
EOG	A	-0.27%
APD	B	-0.18%
GPN	B	-0.18%
CF	B	-0.16%
DVN	F	-0.16%
SW	B	-0.13%
LH	B	-0.12%
CNH	D	-0.11%
CTRA	B	-0.11%
WEC	B	-0.11%
ROK	B	-0.11%
XEL	A	-0.1%
ORI	A	-0.1%
AMCR	D	-0.1%
KLIC	C	-0.1%
DOC	C	-0.09%
WY	F	-0.09%
SNA	A	-0.08%
BG	D	-0.08%
OVV	C	-0.08%
APA	F	-0.08%
GPC	D	-0.07%
CHRD	D	-0.07%
LKQ	C	-0.07%
ALV	C	-0.06%
AWK	D	-0.06%
EXE	A	-0.06%
CNP	B	-0.06%
VOYA	B	-0.06%
REG	A	-0.06%
STWD	C	-0.06%
HR	C	-0.06%
EL	F	-0.06%
PR	C	-0.05%
IRDM	B	-0.05%
AGO	B	-0.05%
OWL	B	-0.05%
BYD	A	-0.05%
LUV	B	-0.05%
VICI	D	-0.05%
SWK	F	-0.05%
OGE	B	-0.04%
HAS	D	-0.04%
AEE	B	-0.04%
CIVI	D	-0.04%
COLB	A	-0.04%
CNXC	F	-0.04%
PII	F	-0.04%
FMC	F	-0.04%
CHH	B	-0.04%
RITM	C	-0.04%
VLY	B	-0.03%
FRT	B	-0.03%
AM	B	-0.03%
SBRA	C	-0.03%
EPR	D	-0.03%
HOMB	A	-0.03%
MGY	B	-0.03%
BPOP	C	-0.03%
RHP	B	-0.03%
CCOI	C	-0.03%
AFG	A	-0.03%
HRI	C	-0.03%
KRC	C	-0.03%
ASH	F	-0.03%
OZK	B	-0.03%
BRX	A	-0.03%
ALE	A	-0.02%
PRGO	C	-0.02%
WMG	B	-0.02%
FHB	B	-0.02%
VCTR	C	-0.02%
ASB	B	-0.02%
IDA	A	-0.02%
NHI	D	-0.02%
CRC	B	-0.02%
PCH	F	-0.02%
SIRI	C	-0.02%
CUZ	B	-0.02%
IIPR	F	-0.02%
FNB	B	-0.02%
AXS	A	-0.02%
UBSI	B	-0.02%
GBCI	B	-0.02%
KRG	B	-0.02%
STAG	D	-0.02%
IPAR	B	-0.01%
OGS	B	-0.01%
BKH	A	-0.01%
UCB	B	-0.01%
DNB	B	-0.01%
AWR	C	-0.01%
TFSL	A	-0.01%
MGEE	B	-0.01%
RRR	F	-0.01%
HI	C	-0.01%
AVNT	B	-0.01%
ADT	C	-0.01%
IBOC	B	-0.01%
OTTR	C	-0.01%
NJR	A	-0.01%
FFIN	B	-0.01%
CATY	B	-0.01%
SKT	A	-0.01%
AGR	C	-0.01%
LCII	D	-0.01%
IRT	A	-0.01%
HWC	B	-0.01%
WTRG	C	-0.01%
WD	D	-0.01%
BOKF	B	-0.01%
RUSHB	B	-0.0%
CRK	B	-0.0%
SITC	F	-0.0%
ACT	C	-0.0%
MAGN	F	-0.0%
REYN	D	-0.0%