MFUS vs. EBIT ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Harbor AlphaEdge Small Cap Earners ETF (EBIT)

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

EBIT

Harbor AlphaEdge Small Cap Earners ETF

EBIT Description

The fund invests at least 80% of its total assets in securities that are included in the Index. The index is designed to deliver exposure to equity securities of small cap U.S. companies that are profitable, or "small cap earners," based on the index provider"s methodology.

Grade (RS Rating)

Last Trade

$35.57

Average Daily Volume

2,939

Number of Holdings ^*

651

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	EBIT
30 Days	2.73%	8.66%
60 Days	3.41%	7.02%
90 Days	5.38%	10.90%
12 Months	32.49%

137 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in EBIT	Overlap
ABG	B	0.08%	0.5%	0.08%
ABM	B	0.04%	0.18%	0.04%
ACA	A	0.03%	0.16%	0.03%
ADNT	F	0.02%	0.25%	0.02%
AEO	F	0.07%	0.12%	0.07%
ALEX	C	0.01%	0.08%	0.01%
AMWD	C	0.01%	0.05%	0.01%
ANDE	D	0.02%	0.12%	0.02%
ANF	C	0.24%	0.16%	0.16%
APAM	B	0.03%	0.23%	0.03%
APLE	B	0.03%	0.16%	0.03%
APOG	B	0.02%	0.07%	0.02%
ARCH	B	0.01%	0.4%	0.01%
ARI	C	0.01%	0.19%	0.01%
AROC	B	0.05%	0.2%	0.05%
ASO	F	0.03%	0.32%	0.03%
AVA	A	0.03%	0.16%	0.03%
BCC	B	0.07%	0.42%	0.07%
BDC	B	0.04%	0.24%	0.04%
BFH	B	0.06%	0.37%	0.06%
BKE	B	0.03%	0.16%	0.03%
BKU	A	0.03%	0.21%	0.03%
BTU	B	0.05%	0.63%	0.05%
CADE	B	0.01%	0.23%	0.01%
CALM	A	0.09%	0.32%	0.09%
CBT	C	0.05%	0.3%	0.05%
CDP	C	0.03%	0.14%	0.03%
CMC	B	0.06%	0.54%	0.06%
CNO	A	0.05%	0.38%	0.05%
CNS	B	0.01%	0.16%	0.01%
COOP	B	0.05%	0.8%	0.05%
CRS	A	0.11%	0.07%	0.07%
CVI	F	0.01%	0.24%	0.01%
CVLT	B	0.04%	0.05%	0.04%
CXW	B	0.04%	0.16%	0.04%
DAN	D	0.01%	0.08%	0.01%
DEI	B	0.01%	0.17%	0.01%
DK	C	0.03%	0.12%	0.03%
DNOW	B	0.02%	0.07%	0.02%
DRH	B	0.03%	0.09%	0.03%
DY	D	0.01%	0.15%	0.01%
ECPG	B	0.01%	0.16%	0.01%
EPC	D	0.02%	0.15%	0.02%
ESNT	D	0.01%	0.39%	0.01%
FELE	B	0.01%	0.2%	0.01%
FL	F	0.04%	0.14%	0.04%
GATX	A	0.04%	0.26%	0.04%
GEF	A	0.03%	0.29%	0.03%
GEO	B	0.08%	0.35%	0.08%
GHC	C	0.02%	0.21%	0.02%
GMS	B	0.03%	0.25%	0.03%
GNW	A	0.03%	0.48%	0.03%
GOLF	B	0.01%	0.16%	0.01%
GPI	A	0.09%	0.56%	0.09%
GT	C	0.02%	0.21%	0.02%
HAE	C	0.03%	0.08%	0.03%
HBI	B	0.06%	0.31%	0.06%
HCC	B	0.08%	0.31%	0.08%
HP	B	0.02%	0.12%	0.02%
HUBG	A	0.04%	0.19%	0.04%
IGT	F	0.01%	0.34%	0.01%
IMKTA	C	0.01%	0.13%	0.01%
JELD	F	0.01%	0.06%	0.01%
JXN	C	0.1%	1.72%	0.1%
KALU	C	0.01%	0.04%	0.01%
KBH	D	0.03%	0.36%	0.03%
KTB	B	0.06%	0.24%	0.06%
LADR	B	0.01%	0.19%	0.01%
LXP	D	0.02%	0.14%	0.02%
MAC	B	0.04%	0.08%	0.04%
MATX	C	0.03%	0.55%	0.03%
MC	C	0.03%	0.15%	0.03%
MHO	D	0.04%	0.25%	0.04%
MLI	C	0.09%	0.54%	0.09%
MMS	F	0.05%	0.19%	0.05%
MOG.A	B	0.05%	0.24%	0.05%
MTH	D	0.06%	0.43%	0.06%
MUR	D	0.01%	0.42%	0.01%
NAVI	C	0.02%	1.32%	0.02%
NNI	D	0.01%	0.39%	0.01%
NSIT	F	0.05%	0.16%	0.05%
NSP	D	0.02%	0.1%	0.02%
OI	C	0.03%	0.38%	0.03%
OMI	F	0.01%	0.06%	0.01%
ONB	B	0.01%	0.27%	0.01%
OUT	A	0.01%	0.08%	0.01%
PBF	D	0.02%	0.89%	0.02%
PDCO	D	0.02%	0.13%	0.02%
PFSI	D	0.02%	0.5%	0.02%
PHIN	A	0.02%	0.17%	0.02%
PMT	D	0.02%	0.3%	0.02%
PNM	F	0.03%	0.23%	0.03%
PRG	C	0.03%	0.15%	0.03%
PRIM	A	0.05%	0.2%	0.05%
RDN	C	0.01%	0.4%	0.01%
REZI	A	0.02%	0.27%	0.02%
RUSHA	C	0.04%	0.26%	0.04%
SAH	A	0.01%	0.22%	0.01%
SANM	B	0.04%	0.26%	0.04%
SBH	C	0.02%	0.2%	0.02%
SCS	C	0.01%	0.06%	0.01%
SEM	B	0.04%	0.3%	0.04%
SFM	A	0.25%	0.29%	0.25%
SHOO	D	0.03%	0.16%	0.03%
SIG	B	0.04%	0.35%	0.04%
SIGI	C	0.01%	0.25%	0.01%
SKYW	B	0.07%	0.18%	0.07%
SLVM	B	0.04%	0.28%	0.04%
SM	B	0.03%	0.49%	0.03%
SR	A	0.01%	0.26%	0.01%
SSB	B	0.01%	0.3%	0.01%
STC	B	0.03%	0.14%	0.03%
STRA	C	0.01%	0.07%	0.01%
SVC	F	0.01%	0.05%	0.01%
SWX	B	0.01%	0.18%	0.01%
TDS	B	0.05%	0.11%	0.05%
TEX	D	0.05%	0.19%	0.05%
TGNA	B	0.05%	0.48%	0.05%
TMHC	B	0.09%	0.51%	0.09%
TNET	D	0.01%	0.23%	0.01%
TPH	D	0.06%	0.26%	0.06%
TRN	C	0.04%	0.21%	0.04%
TTMI	B	0.02%	0.12%	0.02%
UFPI	B	0.07%	0.34%	0.07%
URBN	C	0.05%	0.13%	0.05%
UVV	B	0.01%	0.12%	0.01%
VC	D	0.03%	0.07%	0.03%
VSCO	B	0.02%	0.45%	0.02%
VSH	D	0.01%	0.19%	0.01%
VSTO	A	0.02%	0.16%	0.02%
WAFD	B	0.01%	0.16%	0.01%
WERN	C	0.04%	0.15%	0.04%
WGO	C	0.01%	0.17%	0.01%
WMK	C	0.01%	0.1%	0.01%
WOR	F	0.01%	0.17%	0.01%
XHR	B	0.02%	0.06%	0.02%
YELP	C	0.02%	0.06%	0.02%

MFUS Overweight 678 Positions Relative to EBIT

Symbol	Grade	Weight
BRK.A	B	2.44%
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	A	1.77%
AMZN	C	1.65%
ORCL	B	1.56%
AVGO	D	1.54%
COST	B	1.36%
ABBV	D	1.35%
JNJ	D	1.2%
IBM	C	1.09%
PG	A	1.04%
VZ	C	1.03%
KO	D	1.01%
WFC	A	0.99%
JPM	A	0.99%
AAPL	C	0.97%
AMGN	D	0.92%
PM	B	0.89%
GILD	C	0.84%
MRK	F	0.83%
UNH	C	0.81%
T	A	0.75%
LMT	D	0.75%
MO	A	0.74%
QCOM	F	0.73%
PEP	F	0.71%
C	A	0.7%
CSCO	B	0.68%
CVS	D	0.67%
MCK	B	0.64%
HD	A	0.62%
PGR	A	0.59%
TGT	F	0.59%
MMM	D	0.58%
GE	D	0.56%
PFE	D	0.55%
NFLX	A	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
BMY	B	0.41%
GS	A	0.4%
CVX	A	0.39%
TJX	A	0.38%
GM	B	0.38%
KR	B	0.37%
EBAY	D	0.36%
CL	D	0.36%
MPC	D	0.35%
LOW	D	0.35%
REGN	F	0.35%
NOC	D	0.35%
NOW	A	0.35%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
HPQ	B	0.29%
ICE	C	0.29%
ISRG	A	0.29%
SPGI	C	0.29%
COF	B	0.29%
MA	C	0.28%
AZO	C	0.28%
TXN	C	0.28%
CAH	B	0.27%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
ALL	A	0.26%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
PANW	C	0.25%
DHR	F	0.24%
PLTR	B	0.24%
HCA	F	0.24%
UPS	C	0.24%
WSM	B	0.24%
ACN	C	0.24%
AXP	A	0.23%
NEE	D	0.23%
ADM	D	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
LII	A	0.22%
AFL	B	0.22%
KLAC	D	0.22%
GWW	B	0.22%
RTX	C	0.22%
MDLZ	F	0.22%
MS	A	0.22%
BSX	B	0.21%
VRTX	F	0.21%
SHW	A	0.21%
MSI	B	0.2%
ORLY	B	0.2%
MMC	B	0.2%
GLW	B	0.2%
BBY	D	0.2%
CAT	B	0.2%
TRV	B	0.2%
CMG	B	0.2%
UBER	D	0.2%
EA	A	0.19%
FI	A	0.19%
INTC	D	0.19%
CTAS	B	0.19%
HWM	A	0.18%
TSN	B	0.18%
WSO	A	0.18%
AMP	A	0.18%
BK	A	0.18%
UTHR	C	0.18%
BLK	C	0.18%
NEM	D	0.17%
RMD	C	0.17%
SPG	B	0.17%
DECK	A	0.17%
CASY	A	0.17%
DVA	B	0.17%
BR	A	0.17%
KMB	D	0.17%
COR	B	0.17%
GIS	D	0.17%
MU	D	0.16%
AJG	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
LRCX	F	0.16%
CMCSA	B	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	A	0.15%
K	A	0.15%
LYB	F	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	A	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
ANET	C	0.14%
CMI	A	0.14%
CME	A	0.14%
KHC	F	0.14%
MCO	B	0.14%
PH	A	0.14%
IT	C	0.14%
CLX	B	0.13%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
SO	D	0.13%
BX	A	0.13%
RPM	A	0.13%
YUM	B	0.13%
CI	F	0.13%
RSG	A	0.13%
DUK	C	0.13%
PNC	B	0.12%
BRO	B	0.12%
SYY	B	0.12%
WELL	A	0.12%
IRM	D	0.12%
APH	A	0.12%
JNPR	F	0.12%
PYPL	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
RCL	A	0.11%
XYL	D	0.11%
CW	B	0.11%
EXPD	D	0.11%
WTW	B	0.11%
WMB	A	0.11%
ALSN	B	0.11%
LDOS	C	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
TSCO	D	0.11%
DASH	A	0.11%
WBA	F	0.11%
FOXA	B	0.11%
CEG	D	0.11%
ADP	B	0.11%
COIN	C	0.11%
EXR	D	0.11%
KMI	A	0.11%
BDX	F	0.11%
BWXT	B	0.11%
TRGP	B	0.11%
PHM	D	0.1%
AYI	B	0.1%
HLT	A	0.1%
DD	D	0.1%
ITW	B	0.1%
OKE	A	0.1%
NTAP	C	0.1%
JKHY	D	0.1%
DFS	B	0.1%
GEN	B	0.1%
PKG	A	0.1%
EFX	F	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	A	0.09%
AIZ	A	0.09%
EMR	A	0.09%
TROW	B	0.09%
DGX	A	0.09%
EHC	B	0.09%
ARES	A	0.09%
IR	B	0.09%
URI	B	0.09%
NVR	D	0.09%
ADSK	A	0.09%
AVY	D	0.09%
IP	B	0.09%
DLR	B	0.09%
SBUX	A	0.09%
PSA	D	0.09%
NRG	B	0.08%
TTWO	A	0.08%
LPX	B	0.08%
DKS	C	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
ATR	B	0.08%
WDC	D	0.08%
BKR	B	0.08%
TYL	B	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	B	0.08%
TAP	C	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
EXC	C	0.07%
LPLA	A	0.07%
SCI	B	0.07%
NSC	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	0.07%
CHD	B	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	C	0.07%
FTNT	C	0.07%
D	C	0.07%
HRB	D	0.07%
FIS	C	0.07%
GEHC	F	0.07%
CNX	A	0.07%
OTIS	C	0.07%
SEE	C	0.06%
NKE	D	0.06%
JLL	D	0.06%
O	D	0.06%
LECO	B	0.06%
GNRC	B	0.06%
ED	D	0.06%
MKC	D	0.06%
MPWR	F	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
TW	A	0.06%
MAS	D	0.06%
HIG	B	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
OMC	C	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	C	0.06%
PEG	A	0.06%
AMG	B	0.06%
DHI	D	0.06%
L	A	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	A	0.06%
ALNY	D	0.06%
RGA	A	0.06%
FFIV	B	0.06%
IBKR	A	0.06%
TOL	B	0.06%
MSCI	C	0.06%
LEN	D	0.06%
ROL	B	0.06%
EME	C	0.05%
FANG	D	0.05%
NFG	A	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
THG	A	0.05%
CRI	D	0.05%
GNTX	C	0.05%
A	D	0.05%
ETR	B	0.05%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	D	0.05%
CBRE	B	0.05%
FLEX	A	0.05%
USFD	A	0.05%
NDAQ	A	0.05%
SLGN	A	0.05%
IDXX	F	0.05%
SCHW	B	0.05%
LAMR	D	0.05%
ZTS	D	0.05%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
EIX	B	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HSY	F	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	A	0.05%
WAB	B	0.05%
BC	C	0.05%
FCN	D	0.05%
STZ	D	0.05%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
ADBE	C	0.04%
JWN	C	0.04%
CRUS	D	0.04%
EQR	B	0.04%
AWI	A	0.04%
ESS	B	0.04%
AMH	D	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
WH	B	0.04%
PPL	B	0.04%
PSTG	D	0.04%
ELS	C	0.04%
PAYX	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
CTVA	C	0.04%
CFG	B	0.04%
MTB	A	0.04%
FLO	D	0.04%
BLDR	D	0.04%
CAG	D	0.04%
ARW	D	0.04%
FDS	B	0.04%
EMN	D	0.04%
OGN	D	0.04%
VRSN	F	0.04%
VTR	C	0.04%
BHF	B	0.04%
IPG	D	0.04%
PTC	A	0.04%
NBIX	C	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
WTM	A	0.04%
CPB	D	0.04%
BAX	D	0.04%
ZBRA	B	0.04%
JHG	A	0.04%
HEI	B	0.04%
RGLD	C	0.04%
FITB	A	0.04%
CMA	A	0.04%
ATI	D	0.04%
CNC	D	0.04%
FTI	A	0.04%
PPG	F	0.04%
CRBG	B	0.04%
VLTO	D	0.04%
STLD	B	0.04%
DCI	B	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
RS	B	0.04%
WST	C	0.04%
MAR	B	0.04%
WRB	A	0.03%
SBAC	D	0.03%
COKE	C	0.03%
KMPR	B	0.03%
UNF	B	0.03%
LZB	B	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	B	0.03%
MAN	D	0.03%
PINC	B	0.03%
FNF	B	0.03%
AMKR	D	0.03%
DRI	B	0.03%
AVTR	F	0.03%
WPC	D	0.03%
LBRDK	C	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
TER	D	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	A	0.03%
UDR	B	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
IFF	D	0.03%
RL	B	0.03%
X	C	0.03%
JBL	B	0.03%
AVB	B	0.03%
BLD	D	0.03%
DDS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
GGG	B	0.03%
DOX	D	0.03%
RLI	B	0.03%
FE	C	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
HBAN	A	0.03%
TPX	B	0.03%
CPAY	A	0.03%
HUBB	B	0.03%
MANH	D	0.03%
ES	D	0.03%
MORN	B	0.03%
ULTA	F	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	F	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
ODP	F	0.02%
KEX	C	0.02%
SSNC	B	0.02%
SF	B	0.02%
BRKR	D	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	A	0.02%
WBS	A	0.02%
RF	A	0.02%
BEN	C	0.02%
JBLU	F	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
ODFL	B	0.02%
DOW	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
APG	B	0.02%
HST	C	0.02%
AA	B	0.02%
VVV	F	0.02%
LAD	A	0.02%
M	D	0.02%
HNI	B	0.02%
HRL	D	0.02%
DTE	C	0.02%
WKC	D	0.02%
WMS	D	0.02%
PNR	A	0.02%
LNW	D	0.02%
XRAY	F	0.02%
KBR	F	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
SKX	D	0.02%
NWL	B	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	C	0.02%
SAM	C	0.02%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
CTLT	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
MKTX	D	0.02%
PVH	C	0.02%
CINF	A	0.02%
PAG	B	0.02%
NI	A	0.02%
HII	D	0.02%
CE	F	0.02%
EWBC	A	0.02%
HOG	D	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	0.02%
BFAM	D	0.02%
FAF	A	0.02%
JBHT	C	0.02%
TFX	F	0.02%
AKAM	D	0.02%
MSA	D	0.02%
ORA	B	0.02%
DLTR	F	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
CCL	B	0.02%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
UHAL	D	0.01%
RKT	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
GIII	D	0.01%
ELAN	D	0.01%
CACC	D	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
HTH	B	0.01%
ACI	C	0.01%
SEB	F	0.01%
CLF	F	0.01%
JBGS	D	0.01%
XRX	F	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	B	0.01%
AMED	F	0.01%
PNW	B	0.01%
ESI	A	0.01%
MOS	F	0.01%
CENTA	C	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SPB	C	0.01%
PFG	D	0.01%
LEA	D	0.01%
CROX	D	0.01%
AES	F	0.01%
FDP	B	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
INCY	C	0.01%
PPC	C	0.01%
BBWI	D	0.01%
TPR	B	0.01%
KN	B	0.01%
NNN	D	0.01%
DXC	B	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
IDCC	A	0.01%
BMRN	D	0.01%
TTEK	F	0.01%
CBSH	A	0.01%
ICUI	D	0.01%
WWD	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
H	B	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
VNT	B	0.01%
CR	A	0.01%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SLB	C	0.01%
FR	C	0.01%
IOSP	B	0.01%
RBC	A	0.01%
HE	C	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 514 Positions Relative to EBIT

Symbol	Grade	Weight
HTZ	C	-0.65%
BXMT	C	-0.55%
ABR	C	-0.52%
CRK	B	-0.49%
VLY	B	-0.42%
CRGY	B	-0.41%
ACT	D	-0.41%
AMR	C	-0.4%
MGY	A	-0.4%
NOG	A	-0.37%
HRI	B	-0.37%
CRC	B	-0.35%
UNIT	B	-0.34%
CEIX	A	-0.34%
GPOR	B	-0.33%
HWC	B	-0.32%
UMBF	B	-0.32%
BECN	B	-0.31%
CMRE	C	-0.31%
AIT	A	-0.31%
NMRK	B	-0.29%
BKH	A	-0.29%
ATKR	C	-0.29%
EAF	C	-0.28%
KNTK	B	-0.28%
CCOI	B	-0.28%
NJR	A	-0.28%
RWT	D	-0.28%
CATY	B	-0.27%
VCTR	B	-0.26%
HOMB	A	-0.26%
HGV	B	-0.26%
WTS	B	-0.25%
AVNT	B	-0.25%
PAGS	F	-0.25%
RC	D	-0.25%
SUM	B	-0.25%
ABCB	B	-0.25%
ASB	B	-0.25%
ENVA	B	-0.25%
POR	C	-0.25%
AGM	C	-0.25%
RRR	D	-0.25%
IBOC	A	-0.24%
CWH	B	-0.24%
CHX	C	-0.23%
STNE	F	-0.23%
UBSI	B	-0.23%
CWK	B	-0.23%
OGS	A	-0.23%
FUL	F	-0.23%
GBCI	B	-0.23%
CABO	C	-0.23%
GOGL	F	-0.23%
AX	A	-0.22%
NMIH	D	-0.22%
HLNE	B	-0.22%
PIPR	B	-0.22%
RHP	B	-0.21%
KFY	B	-0.21%
FBP	B	-0.21%
SKY	A	-0.21%
INVA	D	-0.21%
FULT	A	-0.21%
ENSG	D	-0.21%
PATK	D	-0.21%
FIBK	A	-0.2%
ACIW	B	-0.2%
FG	B	-0.2%
BOH	B	-0.2%
VYX	B	-0.2%
FTDR	A	-0.2%
BCO	D	-0.2%
PEB	D	-0.2%
CCS	D	-0.2%
STNG	F	-0.2%
WSFS	A	-0.2%
HTLF	B	-0.19%
BANR	B	-0.19%
KW	B	-0.19%
GTN	F	-0.19%
UCB	A	-0.19%
CVBF	A	-0.19%
FFIN	B	-0.19%
SFNC	B	-0.19%
RYI	C	-0.19%
VRTS	B	-0.19%
GLNG	C	-0.19%
NWE	B	-0.19%
PBH	A	-0.19%
ATLC	B	-0.19%
VTLE	C	-0.19%
OTTR	C	-0.18%
CBU	B	-0.18%
PTVE	B	-0.18%
BANF	B	-0.18%
STEP	B	-0.18%
LBRT	D	-0.18%
GRBK	D	-0.18%
SFBS	B	-0.18%
ATSG	B	-0.18%
FFBC	A	-0.18%
TOWN	B	-0.17%
STRL	B	-0.17%
HOPE	B	-0.17%
AUB	B	-0.17%
ALE	A	-0.17%
KREF	D	-0.17%
DCOM	A	-0.17%
INDB	B	-0.17%
EPRT	B	-0.17%
HLF	C	-0.17%
LCII	C	-0.17%
TCBI	B	-0.17%
BXC	B	-0.17%
UE	C	-0.17%
EXLS	B	-0.17%
TPB	B	-0.16%
INSW	F	-0.16%
SASR	B	-0.16%
CUBI	C	-0.16%
AMBC	C	-0.16%
WSBC	A	-0.16%
ASGN	F	-0.16%
EFSC	B	-0.16%
MBIN	D	-0.15%
BNL	D	-0.15%
EGBN	B	-0.15%
FBK	B	-0.15%
KLIC	B	-0.15%
FN	D	-0.15%
HALO	F	-0.15%
TBBK	B	-0.15%
HEES	B	-0.15%
IBTX	B	-0.15%
ZD	C	-0.15%
TROX	D	-0.15%
PPBI	B	-0.15%
KNF	A	-0.15%
GDEN	B	-0.15%
TGLS	B	-0.15%
WD	D	-0.15%
FRME	B	-0.15%
VEL	A	-0.15%
CVCO	A	-0.14%
PCH	D	-0.14%
HPK	B	-0.14%
DIOD	D	-0.14%
PLAB	C	-0.14%
VHI	D	-0.14%
BOOT	D	-0.14%
IESC	B	-0.14%
EVRI	A	-0.14%
HASI	D	-0.14%
KOS	F	-0.14%
EFC	C	-0.14%
SFL	D	-0.14%
HI	C	-0.14%
MRVI	F	-0.14%
CHCO	B	-0.14%
LGIH	D	-0.14%
AMCX	C	-0.14%
PFS	B	-0.14%
AWR	B	-0.13%
DFH	D	-0.13%
WLFC	B	-0.13%
OFG	B	-0.13%
CNOB	B	-0.13%
JACK	D	-0.13%
GTLS	B	-0.13%
FBNC	A	-0.13%
EMBC	C	-0.13%
FLNG	B	-0.13%
HOV	D	-0.13%
BBSI	B	-0.13%
SGRY	F	-0.13%
OPCH	D	-0.13%
HAFC	A	-0.13%
CSTM	F	-0.13%
ALGT	B	-0.13%
HELE	C	-0.13%
VBTX	B	-0.13%
NHI	D	-0.12%
MD	B	-0.12%
LILAK	D	-0.12%
IBP	D	-0.12%
ARCB	C	-0.12%
CMPO	A	-0.12%
FBRT	C	-0.12%
PLAY	D	-0.12%
TALO	C	-0.12%
ESGR	B	-0.12%
SBCF	A	-0.12%
IRT	A	-0.12%
MOD	A	-0.12%
ENS	D	-0.12%
BZH	B	-0.12%
IPAR	B	-0.12%
CSWI	A	-0.11%
ARL	D	-0.11%
AXL	C	-0.11%
TGI	B	-0.11%
CENT	C	-0.11%
OLPX	D	-0.11%
PFC	A	-0.11%
TCBK	B	-0.11%
PARR	D	-0.11%
CCO	C	-0.11%
LKFN	B	-0.11%
DIN	C	-0.1%
JJSF	B	-0.1%
CAL	D	-0.1%
INMD	C	-0.1%
NHC	C	-0.1%
IART	C	-0.1%
FOR	F	-0.1%
TRST	A	-0.1%
OLP	B	-0.1%
EBC	B	-0.1%
ALG	B	-0.1%
TCI	D	-0.1%
USPH	B	-0.1%
PRAA	C	-0.1%
CPSS	B	-0.1%
CSV	B	-0.1%
GOOD	B	-0.1%
CAC	B	-0.1%
RES	D	-0.1%
PEBO	A	-0.1%
UVSP	B	-0.1%
CCB	A	-0.1%
NGVT	B	-0.1%
FWRD	D	-0.1%
AMAL	B	-0.1%
CARG	C	-0.1%
ASIX	A	-0.1%
SCSC	B	-0.09%
BLMN	F	-0.09%
RBB	B	-0.09%
STGW	B	-0.09%
PLMR	B	-0.09%
SKWD	A	-0.09%
OEC	C	-0.09%
AMRK	F	-0.09%
CBRL	C	-0.09%
AMN	F	-0.09%
REVG	B	-0.09%
CLPR	D	-0.09%
GFF	A	-0.09%
LESL	C	-0.09%
MCW	B	-0.09%
HRMY	D	-0.09%
NAPA	B	-0.09%
SJW	D	-0.09%
HLIO	B	-0.09%
VRRM	D	-0.09%
SGHC	A	-0.09%
TRS	B	-0.09%
HSII	B	-0.09%
CIO	D	-0.09%
LC	A	-0.09%
FLGT	F	-0.09%
SMBK	B	-0.09%
PRGS	A	-0.09%
ITIC	B	-0.08%
EBF	F	-0.08%
UTMD	F	-0.08%
BCAL	B	-0.08%
WNC	C	-0.08%
BCML	A	-0.08%
TFIN	A	-0.08%
LNTH	D	-0.08%
AOSL	C	-0.08%
USCB	B	-0.08%
HTLD	B	-0.08%
ARKO	C	-0.08%
SPTN	D	-0.08%
BV	B	-0.08%
CBNK	B	-0.08%
IRMD	C	-0.08%
LEU	C	-0.08%
AVO	C	-0.08%
OXM	D	-0.08%
MBUU	C	-0.08%
JBSS	D	-0.08%
VIAV	B	-0.08%
WTI	F	-0.08%
ROCK	C	-0.08%
KODK	B	-0.08%
CCSI	C	-0.08%
HZO	D	-0.08%
TWI	F	-0.08%
PSTL	D	-0.08%
FA	C	-0.08%
MCBS	B	-0.08%
ROG	D	-0.08%
CCRN	F	-0.07%
BFC	B	-0.07%
RDVT	A	-0.07%
LPRO	C	-0.07%
NRC	F	-0.07%
SNCY	C	-0.07%
METC	C	-0.07%
TH	C	-0.07%
AGS	A	-0.07%
ATEN	B	-0.07%
LOB	B	-0.07%
DHC	F	-0.07%
UHT	D	-0.07%
DXPE	B	-0.07%
TIPT	B	-0.07%
PAHC	C	-0.07%
CRAI	B	-0.07%
MTRN	C	-0.07%
AGX	B	-0.07%
LOCO	D	-0.07%
POWL	C	-0.07%
REFI	A	-0.07%
LQDT	B	-0.07%
RVLV	B	-0.07%
WSR	A	-0.07%
TRAK	B	-0.07%
MFIN	C	-0.07%
MYRG	B	-0.07%
UTZ	D	-0.07%
MED	F	-0.07%
LPG	F	-0.07%
HONE	B	-0.07%
MCB	B	-0.07%
OSW	A	-0.07%
UNTY	B	-0.06%
BSVN	B	-0.06%
CBAN	B	-0.06%
NTST	D	-0.06%
VSEC	C	-0.06%
BKD	D	-0.06%
PLOW	D	-0.06%
FPI	B	-0.06%
GPMT	C	-0.06%
PCB	A	-0.06%
YORW	D	-0.06%
COLL	F	-0.06%
FORM	D	-0.06%
CTO	B	-0.06%
SCVL	F	-0.06%
FOXF	F	-0.06%
HVT	D	-0.06%
NX	C	-0.06%
LGTY	D	-0.06%
ACTG	D	-0.06%
REPX	A	-0.06%
MLR	B	-0.06%
MODG	F	-0.06%
GIC	D	-0.06%
GENC	B	-0.06%
HQY	B	-0.06%
MNRO	D	-0.06%
ACLS	F	-0.06%
CARE	C	-0.06%
VLGEA	B	-0.06%
LYTS	B	-0.06%
CSR	B	-0.06%
RM	D	-0.06%
GRNT	B	-0.06%
MMI	B	-0.06%
ACDC	C	-0.06%
ESSA	B	-0.06%
REX	D	-0.06%
GMRE	F	-0.06%
CMPR	D	-0.06%
III	C	-0.06%
ACMR	F	-0.05%
PCYO	B	-0.05%
VRNT	C	-0.05%
CRCT	F	-0.05%
VECO	F	-0.05%
BRT	B	-0.05%
FORR	D	-0.05%
KLG	C	-0.05%
AVNS	F	-0.05%
PRTH	C	-0.05%
IIIN	C	-0.05%
LEGH	D	-0.05%
MRAM	D	-0.05%
GLRE	B	-0.05%
PLPC	B	-0.05%
NVEC	C	-0.05%
NREF	A	-0.05%
HBCP	B	-0.05%
GCI	D	-0.05%
MOV	C	-0.05%
PANL	F	-0.05%
SWKH	F	-0.05%
ONEW	D	-0.05%
ZEUS	C	-0.05%
PRA	C	-0.05%
HMN	B	-0.05%
FNLC	B	-0.05%
PNRG	B	-0.05%
GOGO	C	-0.05%
PKE	B	-0.05%
HCI	C	-0.05%
FRBA	C	-0.05%
ACRE	C	-0.05%
HBT	B	-0.05%
LNN	B	-0.05%
WS	B	-0.05%
BBW	B	-0.05%
DHT	F	-0.05%
NATH	C	-0.05%
OFLX	D	-0.05%
FFWM	C	-0.05%
UCTT	D	-0.05%
KFRC	D	-0.05%
MAPS	C	-0.05%
BGS	F	-0.05%
SSTK	F	-0.04%
AMRC	F	-0.04%
MPX	B	-0.04%
THR	B	-0.04%
FSP	C	-0.04%
SSBK	B	-0.04%
PFIS	A	-0.04%
SNBR	F	-0.04%
IMMR	C	-0.04%
ARHS	F	-0.04%
RRBI	A	-0.04%
HMST	D	-0.04%
MG	D	-0.04%
DBI	F	-0.04%
EGAN	C	-0.04%
ATLO	D	-0.04%
TSBK	B	-0.04%
DENN	D	-0.04%
TITN	C	-0.04%
SONO	C	-0.04%
KFS	B	-0.04%
QUAD	C	-0.04%
REI	D	-0.04%
CARS	B	-0.04%
PINE	C	-0.04%
HSTM	B	-0.04%
UFPT	B	-0.04%
IDT	B	-0.04%
MYE	F	-0.04%
TTEC	F	-0.04%
NEOG	F	-0.03%
THRY	F	-0.03%
PBFS	B	-0.03%
HFFG	C	-0.03%
SHLS	F	-0.03%
IBEX	B	-0.03%
ALCO	D	-0.03%
SMLR	B	-0.03%
KRT	A	-0.03%
CLW	F	-0.03%
CALX	D	-0.03%
GWRS	B	-0.03%
RGP	F	-0.03%
BHR	B	-0.03%
HDSN	F	-0.03%
CASS	B	-0.03%
MYFW	B	-0.03%
NL	B	-0.03%
GNTY	A	-0.03%
SCHL	D	-0.03%
VREX	C	-0.03%
PLBC	A	-0.03%
CLFD	D	-0.03%
AMPY	C	-0.03%
FRPH	A	-0.03%
ITOS	F	-0.03%
OVLY	A	-0.03%
NUS	D	-0.03%
CTOS	C	-0.03%
INSE	C	-0.03%
FWRG	C	-0.03%
EPM	A	-0.03%
LSEA	D	-0.03%
JRVR	F	-0.02%
STAA	F	-0.02%
CTRN	D	-0.02%
RILY	F	-0.02%
FVCB	B	-0.02%
JILL	C	-0.02%
LCUT	F	-0.02%
GCBC	C	-0.02%
CURV	D	-0.02%
CIX	D	-0.02%
NKSH	B	-0.02%
NWFL	C	-0.02%
OBT	C	-0.02%
TRC	F	-0.02%
SHYF	C	-0.02%
CHGG	D	-0.02%
VALU	C	-0.02%
ARRY	C	-0.02%
HPP	F	-0.02%
VITL	D	-0.02%
CRMT	C	-0.02%
SLP	D	-0.02%
BBCP	C	-0.02%
COFS	A	-0.02%
NTIC	C	-0.02%
JMSB	C	-0.02%
SIGA	F	-0.02%
TTSH	D	-0.02%
VABK	C	-0.02%
PGNY	F	-0.01%
RMNI	C	-0.01%
EWCZ	F	-0.01%
AVNW	F	-0.01%
HQI	B	-0.01%
DXLG	F	-0.01%