MFUS vs. ERNZ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to TrueShares Active Yield ETF (ERNZ)

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

$52.19

Average Daily Volume

5,668

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.98

Average Daily Volume

12,257

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ERNZ
30 Days	4.12%	2.57%
60 Days	4.16%	0.37%
90 Days	6.35%	2.04%
12 Months	33.66%

52 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ERNZ	Overlap
ABBV	D	1.35%	1.09%	1.09%
AGNC	D	0.04%	0.75%	0.04%
APAM	B	0.03%	0.18%	0.03%
ARCH	B	0.01%	0.26%	0.01%
ARES	B	0.09%	0.75%	0.09%
ARI	C	0.01%	0.05%	0.01%
AVGO	D	1.54%	0.95%	0.95%
BAH	F	0.14%	0.19%	0.14%
BCC	B	0.07%	3.04%	0.07%
CAH	B	0.27%	1.13%	0.27%
CL	D	0.36%	0.08%	0.08%
CLX	C	0.13%	0.88%	0.13%
COKE	C	0.03%	0.17%	0.03%
COST	B	1.36%	0.3%	0.3%
CPB	D	0.04%	0.08%	0.04%
CVI	F	0.01%	0.11%	0.01%
CWEN	C	0.01%	0.19%	0.01%
DDS	B	0.03%	0.32%	0.03%
DKS	C	0.08%	0.88%	0.08%
FANG	F	0.05%	0.91%	0.05%
FHI	A	0.03%	0.1%	0.03%
GILD	B	0.84%	0.87%	0.84%
GIS	D	0.17%	0.15%	0.15%
HLI	A	0.08%	0.11%	0.08%
HRB	D	0.07%	0.11%	0.07%
HSY	F	0.05%	0.09%	0.05%
K	A	0.15%	0.08%	0.08%
KMB	C	0.17%	0.09%	0.09%
KR	A	0.37%	1.68%	0.37%
LADR	B	0.01%	0.08%	0.01%
LRCX	F	0.16%	0.49%	0.16%
MO	A	0.74%	0.12%	0.12%
MPC	F	0.35%	0.19%	0.19%
MUR	F	0.01%	1.12%	0.01%
NEM	F	0.17%	0.14%	0.14%
OHI	D	0.02%	0.12%	0.02%
OLN	F	0.04%	0.08%	0.04%
PAG	B	0.02%	0.16%	0.02%
PEP	F	0.71%	0.08%	0.08%
PFE	D	0.55%	0.08%	0.08%
PG	A	1.04%	0.07%	0.07%
PMT	D	0.02%	0.26%	0.02%
PTEN	C	0.01%	0.09%	0.01%
ROL	B	0.06%	0.15%	0.06%
SAH	B	0.01%	0.18%	0.01%
STLD	B	0.04%	0.32%	0.04%
TRGP	B	0.11%	0.83%	0.11%
TSCO	C	0.11%	0.14%	0.11%
UVV	B	0.01%	0.09%	0.01%
VIRT	B	0.06%	0.45%	0.06%
WMK	B	0.01%	0.08%	0.01%
WSO	A	0.18%	2.78%	0.18%

MFUS Overweight 763 Positions Relative to ERNZ

Symbol	Grade	Weight
BRK.A	B	2.44%
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	B	1.77%
AMZN	C	1.65%
ORCL	C	1.56%
JNJ	D	1.2%
IBM	C	1.09%
VZ	B	1.03%
KO	D	1.01%
WFC	A	0.99%
JPM	B	0.99%
AAPL	B	0.97%
AMGN	D	0.92%
PM	B	0.89%
MRK	F	0.83%
UNH	B	0.81%
T	A	0.75%
LMT	D	0.75%
QCOM	F	0.73%
C	A	0.7%
CSCO	A	0.68%
CVS	D	0.67%
MCK	C	0.64%
HD	A	0.62%
PGR	A	0.59%
TGT	F	0.59%
MMM	D	0.58%
GE	D	0.56%
NFLX	B	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BAC	A	0.45%
XOM	C	0.43%
TMUS	A	0.43%
BKNG	B	0.42%
BMY	B	0.41%
GS	B	0.4%
CVX	B	0.39%
TJX	A	0.38%
GM	B	0.38%
EBAY	C	0.36%
LOW	C	0.35%
REGN	F	0.35%
NOC	D	0.35%
NOW	B	0.35%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
SYF	A	0.31%
CHTR	C	0.3%
HPQ	B	0.29%
ICE	D	0.29%
ISRG	C	0.29%
SPGI	C	0.29%
COF	B	0.29%
MA	B	0.28%
AZO	C	0.28%
TXN	D	0.28%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
ALL	B	0.26%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
PANW	C	0.25%
SFM	B	0.25%
DHR	D	0.24%
PLTR	B	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
WSM	B	0.24%
ACN	B	0.24%
AXP	A	0.23%
NEE	D	0.23%
ADM	F	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
LII	A	0.22%
AFL	B	0.22%
KLAC	F	0.22%
GWW	A	0.22%
RTX	D	0.22%
MDLZ	F	0.22%
MS	B	0.22%
BSX	C	0.21%
VRTX	D	0.21%
SHW	A	0.21%
MSI	C	0.2%
ORLY	B	0.2%
MMC	A	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	C	0.19%
FI	A	0.19%
INTC	C	0.19%
CTAS	B	0.19%
HWM	B	0.18%
TSN	B	0.18%
AMP	B	0.18%
BK	A	0.18%
UTHR	C	0.18%
BLK	C	0.18%
RMD	C	0.17%
SPG	C	0.17%
DECK	A	0.17%
CASY	B	0.17%
DVA	B	0.17%
BR	A	0.17%
COR	C	0.17%
MU	D	0.16%
AJG	A	0.16%
CB	D	0.16%
MUSA	B	0.16%
CMCSA	C	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	B	0.15%
LYB	F	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	B	0.15%
CHRW	C	0.14%
AMT	D	0.14%
ANET	C	0.14%
CMI	A	0.14%
CME	A	0.14%
KHC	D	0.14%
MCO	A	0.14%
PH	A	0.14%
IT	C	0.14%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
SO	D	0.13%
BX	B	0.13%
RPM	A	0.13%
YUM	B	0.13%
CI	D	0.13%
RSG	A	0.13%
DUK	C	0.13%
PNC	A	0.12%
BRO	B	0.12%
SYY	C	0.12%
WELL	C	0.12%
IRM	C	0.12%
APH	B	0.12%
JNPR	F	0.12%
PYPL	A	0.12%
GDDY	B	0.12%
PWR	A	0.12%
RCL	B	0.11%
XYL	D	0.11%
CW	B	0.11%
EXPD	C	0.11%
WTW	B	0.11%
WMB	B	0.11%
ALSN	B	0.11%
LDOS	D	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
DASH	A	0.11%
WBA	D	0.11%
FOXA	C	0.11%
CEG	D	0.11%
ADP	B	0.11%
COIN	B	0.11%
EXR	C	0.11%
KMI	B	0.11%
BDX	F	0.11%
BWXT	B	0.11%
CRS	B	0.11%
PHM	C	0.1%
AYI	B	0.1%
HLT	A	0.1%
JXN	B	0.1%
DD	D	0.1%
ITW	A	0.1%
OKE	C	0.1%
NTAP	C	0.1%
JKHY	D	0.1%
DFS	B	0.1%
GEN	A	0.1%
PKG	B	0.1%
EFX	D	0.1%
LSTR	B	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	B	0.09%
AIZ	B	0.09%
EMR	A	0.09%
MLI	C	0.09%
TROW	A	0.09%
DGX	B	0.09%
EHC	B	0.09%
IR	A	0.09%
URI	B	0.09%
NVR	D	0.09%
ADSK	B	0.09%
TMHC	A	0.09%
GPI	B	0.09%
AVY	D	0.09%
CALM	B	0.09%
IP	B	0.09%
DLR	A	0.09%
SBUX	B	0.09%
PSA	C	0.09%
NRG	C	0.08%
GEO	B	0.08%
TTWO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
SMCI	D	0.08%
MTD	F	0.08%
AOS	D	0.08%
ECL	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	C	0.08%
BKR	C	0.08%
TYL	A	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	D	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	A	0.08%
TAP	C	0.08%
ITT	A	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	B	0.07%
EXC	D	0.07%
LPLA	B	0.07%
SCI	A	0.07%
NSC	A	0.07%
COP	D	0.07%
GLPI	B	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	0.07%
AEO	F	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	B	0.07%
FTNT	C	0.07%
D	C	0.07%
FIS	D	0.07%
GEHC	F	0.07%
CNX	B	0.07%
OTIS	C	0.07%
SEE	C	0.06%
NKE	F	0.06%
JLL	B	0.06%
O	D	0.06%
LECO	C	0.06%
GNRC	B	0.06%
TPH	C	0.06%
KTB	A	0.06%
HBI	B	0.06%
ED	D	0.06%
MKC	D	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
TW	B	0.06%
MTH	C	0.06%
MAS	C	0.06%
HIG	B	0.06%
SLM	B	0.06%
CCK	D	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
TXRH	A	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	B	0.06%
PEG	A	0.06%
AMG	B	0.06%
DHI	D	0.06%
L	B	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	B	0.06%
ALNY	D	0.06%
RGA	A	0.06%
FFIV	A	0.06%
IBKR	B	0.06%
TOL	A	0.06%
MSCI	C	0.06%
LEN	C	0.06%
EME	B	0.05%
URBN	C	0.05%
CNO	A	0.05%
NFG	B	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	C	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	F	0.05%
GNTX	C	0.05%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	A	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	C	0.05%
CBRE	B	0.05%
FLEX	B	0.05%
USFD	A	0.05%
NDAQ	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
SCHW	A	0.05%
LAMR	C	0.05%
ZTS	D	0.05%
POST	B	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
EIX	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	B	0.05%
WAB	B	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	C	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%
FL	D	0.04%
JWN	A	0.04%
CRUS	F	0.04%
EQR	B	0.04%
AWI	B	0.04%
ESS	B	0.04%
AMH	C	0.04%
CXW	C	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	A	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	B	0.04%
ELS	C	0.04%
PAYX	B	0.04%
SMG	C	0.04%
CTVA	B	0.04%
CFG	B	0.04%
MTB	B	0.04%
FLO	C	0.04%
BLDR	C	0.04%
CAG	D	0.04%
ARW	D	0.04%
FDS	B	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	B	0.04%
SANM	B	0.04%
OGN	F	0.04%
VRSN	F	0.04%
VTR	D	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	C	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%
BAX	F	0.04%
ZBRA	A	0.04%
JHG	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	A	0.04%
HUBG	A	0.04%
RGLD	D	0.04%
FITB	B	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	C	0.04%
CNC	F	0.04%
FTI	A	0.04%
PPG	D	0.04%
CRBG	B	0.04%
VLTO	C	0.04%
WERN	B	0.04%
DCI	A	0.04%
GATX	A	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
MAR	A	0.04%
STC	A	0.03%
HAE	B	0.03%
WRB	A	0.03%
SBAC	D	0.03%
GEF	B	0.03%
DRH	B	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	A	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	B	0.03%
PNM	F	0.03%
FNF	B	0.03%
AMKR	F	0.03%
DRI	B	0.03%
AVTR	F	0.03%
WPC	D	0.03%
BKE	B	0.03%
LBRDK	C	0.03%
ASO	F	0.03%
LNC	B	0.03%
WHR	B	0.03%
TER	F	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	B	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	B	0.03%
PRG	B	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	F	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
RL	B	0.03%
X	C	0.03%
JBL	C	0.03%
AVB	B	0.03%
MATX	C	0.03%
BLD	C	0.03%
GMS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
AVA	B	0.03%
GGG	B	0.03%
BKU	B	0.03%
MC	B	0.03%
DOX	D	0.03%
RLI	A	0.03%
KBH	C	0.03%
FE	D	0.03%
IVZ	B	0.03%
COHR	C	0.03%
NYT	C	0.03%
CDP	C	0.03%
HBAN	B	0.03%
TPX	A	0.03%
CPAY	A	0.03%
SM	C	0.03%
HUBB	B	0.03%
MANH	C	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	A	0.03%
ULTA	F	0.03%
BJ	B	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	D	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	B	0.02%
SSNC	A	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	F	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
CSL	B	0.02%
AXTA	A	0.02%
LAUR	B	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	B	0.02%
WBS	B	0.02%
RF	B	0.02%
BEN	C	0.02%
PHIN	B	0.02%
JBLU	F	0.02%
NSP	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%
ANDE	D	0.02%
APG	B	0.02%
HP	C	0.02%
HST	C	0.02%
AA	A	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	B	0.02%
M	D	0.02%
HNI	B	0.02%
HRL	D	0.02%
DTE	C	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	F	0.02%
PNR	B	0.02%
LNW	D	0.02%
REZI	B	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	C	0.02%
AGCO	D	0.02%
OSIS	A	0.02%
SKX	D	0.02%
PFSI	C	0.02%
NWL	A	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	B	0.02%
RLJ	C	0.02%
THS	F	0.02%
DORM	B	0.02%
NTCT	B	0.02%
XHR	A	0.02%
CTLT	B	0.02%
GWRE	B	0.02%
MDU	F	0.02%
MKTX	D	0.02%
SBH	B	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
CINF	A	0.02%
NI	A	0.02%
HII	F	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
CE	F	0.02%
EWBC	B	0.02%
HOG	F	0.02%
MCY	B	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	F	0.02%
FAF	B	0.02%
JBHT	C	0.02%
GHC	B	0.02%
TFX	F	0.02%
AKAM	F	0.02%
MSA	C	0.02%
ORA	B	0.02%
DLTR	D	0.02%
NEU	C	0.02%
RYN	C	0.02%
HXL	D	0.02%
MTG	B	0.02%
CCL	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%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	F	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	D	0.01%
GIII	C	0.01%
WOR	D	0.01%
ELAN	F	0.01%
CACC	D	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
ACI	C	0.01%
SEB	F	0.01%
WGO	C	0.01%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	B	0.01%
XRX	F	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	A	0.01%
OUT	A	0.01%
AMED	F	0.01%
PNW	B	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	B	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	C	0.01%
PECO	B	0.01%
PB	B	0.01%
SIGI	B	0.01%
SPB	C	0.01%
PFG	C	0.01%
LEA	F	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	F	0.01%
AES	F	0.01%
FDP	C	0.01%
DAN	F	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
INCY	C	0.01%
PPC	C	0.01%
BBWI	C	0.01%
TPR	A	0.01%
KN	B	0.01%
STRA	C	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
BMRN	F	0.01%
TTEK	F	0.01%
CBSH	B	0.01%
ICUI	D	0.01%
WWD	B	0.01%
TNET	D	0.01%
CADE	B	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	C	0.01%
FHN	B	0.01%
FYBR	D	0.01%
H	A	0.01%
WTFC	B	0.01%
PSMT	C	0.01%
AMWD	B	0.01%
VNT	C	0.01%
CR	B	0.01%
ALGN	D	0.01%
ADC	B	0.01%
SLB	C	0.01%
SCS	B	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
DEI	A	0.01%
RBC	B	0.01%
HE	C	0.01%
VSH	F	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 116 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	A	-3.68%
TCPC	C	-3.58%
FSK	A	-3.54%
OXLC	C	-3.2%
INSW	F	-2.96%
TSLX	B	-2.92%
GBDC	B	-2.92%
CRF	A	-2.91%
QYLD	B	-2.37%
KRP	C	-2.22%
GOF	A	-1.51%
NEP	F	-1.47%
CTRA	B	-1.36%
ABR	C	-1.3%
DHT	F	-1.28%
PSEC	D	-1.23%
NAT	F	-1.13%
HTGC	D	-1.08%
FDUS	A	-1.06%
HRZN	F	-1.03%
SHV	A	-1.01%
GNL	D	-1.0%
BKLN	A	-0.97%
RC	D	-0.95%
CWH	C	-0.89%
XMHQ	A	-0.87%
SPTN	F	-0.8%
AOD	C	-0.77%
TFLO	B	-0.73%
DX	B	-0.71%
ECC	F	-0.7%
ACP	A	-0.6%
USFR	C	-0.54%
DAC	D	-0.5%
FRO	F	-0.45%
GBIL	B	-0.44%
CCOI	B	-0.42%
GFF	B	-0.4%
PDI	D	-0.4%
BIL	A	-0.39%
OVV	C	-0.38%
GSBD	F	-0.36%
FCT	A	-0.3%
SBR	B	-0.28%
CNA	B	-0.27%
STNG	F	-0.25%
KREF	D	-0.24%
GNK	D	-0.24%
LVHI	B	-0.24%
NEAR	B	-0.23%
UNIT	B	-0.22%
BTI	B	-0.22%
PULS	A	-0.22%
RA	B	-0.21%
NMFC	D	-0.21%
BIZD	B	-0.2%
SCHO	C	-0.2%
BXMT	C	-0.19%
ALB	C	-0.18%
WINA	B	-0.18%
FLBL	A	-0.18%
SRLN	A	-0.18%
BRSP	C	-0.17%
RAVI	A	-0.17%
ARCC	A	-0.16%
VNLA	A	-0.16%
LYTS	B	-0.15%
VRIG	A	-0.15%
ETD	C	-0.15%
BGS	F	-0.15%
ICSH	A	-0.15%
FLTR	A	-0.15%
MINT	A	-0.14%
DVN	F	-0.14%
GOGL	F	-0.14%
PBI	B	-0.13%
FLRN	A	-0.13%
FTSL	B	-0.13%
GFI	F	-0.12%
HYGV	A	-0.12%
MPW	F	-0.12%
JCPB	D	-0.12%
GOVT	D	-0.12%
CIVI	D	-0.11%
USDU	A	-0.11%
JMST	B	-0.11%
FTSM	B	-0.11%
SHY	C	-0.11%
IPAR	B	-0.11%
AMRK	F	-0.11%
VGLT	D	-0.1%
RYLD	A	-0.1%
PNNT	C	-0.1%
PCAR	B	-0.1%
DEA	D	-0.1%
SQM	F	-0.1%
MAIN	A	-0.09%
EDV	D	-0.09%
UTG	A	-0.09%
FLOT	A	-0.09%
ZROZ	D	-0.09%
JPST	A	-0.09%
XYLD	A	-0.09%
NGG	D	-0.08%
AGZD	B	-0.08%
KOF	F	-0.08%
LGOV	D	-0.08%
ASC	F	-0.08%
SJNK	A	-0.08%
JMBS	D	-0.07%
AGZ	C	-0.07%
IIPR	D	-0.07%
RDY	D	-0.06%
USA	A	-0.06%
PFLT	D	-0.04%
IEF	D	-0.04%