MFUS vs. EUSA ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares MSCI USA Index Fund (EUSA)

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

$50.73

Average Daily Volume

5,797

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

EUSA

iShares MSCI USA Index Fund

EUSA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a market capitalization-weighted index designed to measure the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.96

Average Daily Volume

47,191

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	EUSA
30 Days	-1.28%	0.69%
60 Days	2.61%	4.49%
90 Days	5.00%	7.57%
12 Months	31.44%	29.53%

421 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in EUSA	Overlap
A	D	0.05%	0.15%	0.05%
AAPL	C	0.96%	0.15%	0.15%
ABBV	F	1.36%	0.16%	0.16%
ACI	C	0.01%	0.15%	0.01%
ACM	B	0.03%	0.18%	0.03%
ACN	C	0.25%	0.16%	0.16%
ADBE	F	0.04%	0.14%	0.04%
ADM	D	0.22%	0.14%	0.14%
ADP	B	0.11%	0.18%	0.11%
ADSK	B	0.09%	0.19%	0.09%
AEP	C	0.08%	0.15%	0.08%
AES	F	0.01%	0.12%	0.01%
AFL	C	0.21%	0.18%	0.18%
AIG	B	0.34%	0.17%	0.17%
AIZ	A	0.09%	0.19%	0.09%
AJG	A	0.16%	0.16%	0.16%
AKAM	F	0.02%	0.14%	0.02%
ALGN	D	0.01%	0.15%	0.01%
ALL	A	0.26%	0.17%	0.17%
ALLY	C	0.05%	0.14%	0.05%
ALNY	D	0.06%	0.15%	0.06%
AMAT	F	0.55%	0.15%	0.15%
AMGN	D	0.94%	0.15%	0.15%
AMH	C	0.04%	0.15%	0.04%
AMP	A	0.18%	0.2%	0.18%
AMT	D	0.13%	0.14%	0.13%
AMZN	B	1.71%	0.18%	0.18%
ANET	C	0.14%	0.18%	0.14%
ANSS	B	0.05%	0.16%	0.05%
AON	A	0.24%	0.18%	0.18%
AOS	F	0.08%	0.14%	0.08%
APH	B	0.12%	0.17%	0.12%
APP	A	0.11%	0.52%	0.11%
ARES	B	0.09%	0.19%	0.09%
ATO	A	0.02%	0.17%	0.02%
AVB	A	0.03%	0.17%	0.03%
AVGO	C	1.59%	0.17%	0.17%
AVTR	F	0.03%	0.14%	0.03%
AVY	D	0.09%	0.15%	0.09%
AXP	A	0.23%	0.18%	0.18%
AZO	C	0.28%	0.15%	0.15%
BAC	A	0.45%	0.18%	0.18%
BAH	D	0.15%	0.19%	0.15%
BALL	D	0.07%	0.15%	0.07%
BAX	F	0.04%	0.15%	0.04%
BBWI	C	0.01%	0.14%	0.01%
BBY	C	0.21%	0.16%	0.16%
BDX	F	0.11%	0.15%	0.11%
BEN	C	0.02%	0.15%	0.02%
BIIB	F	0.07%	0.13%	0.07%
BK	A	0.18%	0.19%	0.18%
BKNG	A	0.42%	0.21%	0.21%
BKR	A	0.08%	0.2%	0.08%
BLDR	D	0.04%	0.17%	0.04%
BLK	A	0.19%	0.19%	0.19%
BMRN	F	0.01%	0.11%	0.01%
BMY	B	0.41%	0.17%	0.17%
BR	A	0.17%	0.17%	0.17%
BRK.A	A	2.42%	0.17%	0.17%
BRO	B	0.12%	0.18%	0.12%
BSX	B	0.2%	0.18%	0.18%
BURL	C	0.03%	0.16%	0.03%
BX	A	0.13%	0.21%	0.13%
BXP	D	0.02%	0.18%	0.02%
C	A	0.69%	0.18%	0.18%
CAG	F	0.04%	0.14%	0.04%
CAH	B	0.27%	0.17%	0.17%
CARR	D	0.05%	0.17%	0.05%
CAT	B	0.2%	0.18%	0.18%
CB	C	0.16%	0.16%	0.16%
CBRE	B	0.05%	0.19%	0.05%
CCI	D	0.07%	0.15%	0.07%
CCK	D	0.06%	0.17%	0.06%
CCL	A	0.02%	0.25%	0.02%
CDW	F	0.03%	0.14%	0.03%
CE	F	0.02%	0.1%	0.02%
CEG	D	0.11%	0.2%	0.11%
CFG	A	0.04%	0.18%	0.04%
CG	B	0.03%	0.2%	0.03%
CHD	A	0.07%	0.16%	0.07%
CHRW	A	0.14%	0.17%	0.14%
CHTR	B	0.3%	0.18%	0.18%
CI	D	0.13%	0.15%	0.13%
CINF	A	0.02%	0.18%	0.02%
CL	D	0.35%	0.14%	0.14%
CLX	A	0.12%	0.17%	0.12%
CMCSA	B	0.16%	0.17%	0.16%
CME	A	0.14%	0.17%	0.14%
CMG	B	0.2%	0.17%	0.17%
CMI	A	0.14%	0.18%	0.14%
CMS	C	0.03%	0.16%	0.03%
CNC	F	0.04%	0.12%	0.04%
COF	A	0.29%	0.21%	0.21%
COIN	A	0.1%	0.21%	0.1%
COP	C	0.07%	0.15%	0.07%
COR	B	0.17%	0.16%	0.16%
COST	B	1.35%	0.17%	0.17%
CPAY	A	0.03%	0.21%	0.03%
CPB	D	0.04%	0.14%	0.04%
CPRT	A	0.09%	0.17%	0.09%
CPT	D	0.06%	0.16%	0.06%
CSCO	B	0.68%	0.18%	0.18%
CSL	B	0.02%	0.18%	0.02%
CSX	B	0.11%	0.17%	0.11%
CTAS	B	0.19%	0.18%	0.18%
CTLT	C	0.02%	0.16%	0.02%
CTVA	D	0.04%	0.17%	0.04%
CVS	F	0.65%	0.15%	0.15%
CVX	A	0.39%	0.17%	0.17%
D	C	0.07%	0.16%	0.07%
DASH	B	0.11%	0.21%	0.11%
DD	D	0.1%	0.17%	0.1%
DECK	A	0.17%	0.17%	0.17%
DELL	C	0.03%	0.19%	0.03%
DFS	A	0.1%	0.2%	0.1%
DG	F	0.09%	0.1%	0.09%
DGX	A	0.09%	0.16%	0.09%
DHI	D	0.06%	0.15%	0.06%
DHR	D	0.24%	0.14%	0.14%
DINO	D	0.01%	0.14%	0.01%
DKS	D	0.08%	0.14%	0.08%
DLR	A	0.09%	0.19%	0.09%
DLTR	F	0.03%	0.1%	0.03%
DOV	A	0.04%	0.18%	0.04%
DOW	F	0.02%	0.14%	0.02%
DPZ	C	0.13%	0.17%	0.13%
DRI	B	0.03%	0.17%	0.03%
DTE	C	0.02%	0.15%	0.02%
DUK	C	0.13%	0.16%	0.13%
DVA	C	0.16%	0.16%	0.16%
EA	A	0.18%	0.17%	0.17%
EBAY	D	0.36%	0.17%	0.17%
ECL	D	0.08%	0.16%	0.08%
ED	D	0.05%	0.15%	0.05%
EFX	F	0.11%	0.14%	0.11%
EIX	C	0.05%	0.15%	0.05%
ELS	B	0.04%	0.16%	0.04%
ELV	F	0.16%	0.12%	0.12%
EME	B	0.04%	0.22%	0.04%
EMN	C	0.04%	0.16%	0.04%
EMR	A	0.09%	0.19%	0.09%
EQH	B	0.08%	0.16%	0.08%
EQR	C	0.04%	0.16%	0.04%
ERIE	F	0.04%	0.14%	0.04%
ES	C	0.03%	0.14%	0.03%
ESS	A	0.04%	0.16%	0.04%
ETR	A	0.05%	0.2%	0.05%
EVRG	A	0.02%	0.17%	0.02%
EXC	C	0.07%	0.16%	0.07%
EXPD	D	0.11%	0.16%	0.11%
EXR	C	0.11%	0.16%	0.11%
F	C	0.16%	0.16%	0.16%
FANG	D	0.05%	0.15%	0.05%
FAST	B	0.13%	0.19%	0.13%
FCNCA	A	0.06%	0.17%	0.06%
FDS	A	0.04%	0.18%	0.04%
FE	C	0.03%	0.15%	0.03%
FFIV	B	0.06%	0.19%	0.06%
FI	A	0.19%	0.21%	0.19%
FICO	A	0.25%	0.21%	0.21%
FIS	B	0.07%	0.19%	0.07%
FITB	A	0.04%	0.18%	0.04%
FNF	C	0.03%	0.16%	0.03%
FOXA	A	0.11%	0.11%	0.11%
FTNT	A	0.07%	0.19%	0.07%
GD	D	0.24%	0.16%	0.16%
GDDY	A	0.12%	0.17%	0.12%
GE	D	0.56%	0.17%	0.17%
GEHC	D	0.07%	0.16%	0.07%
GEN	B	0.11%	0.18%	0.11%
GGG	A	0.03%	0.17%	0.03%
GILD	B	0.87%	0.2%	0.2%
GIS	D	0.17%	0.14%	0.14%
GLPI	D	0.07%	0.16%	0.07%
GLW	B	0.2%	0.19%	0.19%
GM	A	0.4%	0.19%	0.19%
GS	A	0.41%	0.19%	0.19%
GWW	A	0.21%	0.19%	0.19%
H	B	0.01%	0.17%	0.01%
HBAN	A	0.03%	0.2%	0.03%
HCA	D	0.25%	0.15%	0.15%
HD	A	0.62%	0.17%	0.17%
HEI	A	0.04%	0.07%	0.04%
HEI	A	0.04%	0.1%	0.04%
HIG	C	0.06%	0.18%	0.06%
HII	F	0.02%	0.12%	0.02%
HLT	A	0.1%	0.18%	0.1%
HOLX	D	0.03%	0.15%	0.03%
HOOD	A	0.04%	0.24%	0.04%
HPE	B	0.11%	0.18%	0.11%
HPQ	B	0.28%	0.17%	0.17%
HRL	D	0.02%	0.15%	0.02%
HSIC	D	0.03%	0.15%	0.03%
HST	D	0.02%	0.17%	0.02%
HSY	F	0.05%	0.14%	0.05%
HUBB	B	0.03%	0.2%	0.03%
HWM	A	0.17%	0.19%	0.17%
IBM	D	1.05%	0.17%	0.17%
ICE	D	0.29%	0.15%	0.15%
IDXX	F	0.05%	0.14%	0.05%
IEX	B	0.09%	0.18%	0.09%
IFF	D	0.03%	0.15%	0.03%
INCY	B	0.01%	0.2%	0.01%
INTC	C	0.2%	0.2%	0.2%
INVH	D	0.04%	0.15%	0.04%
IP	A	0.09%	0.19%	0.09%
IPG	F	0.04%	0.15%	0.04%
IR	A	0.09%	0.18%	0.09%
IRM	D	0.12%	0.17%	0.12%
ISRG	A	0.29%	0.17%	0.17%
IT	B	0.15%	0.18%	0.15%
ITW	B	0.1%	0.17%	0.1%
JBHT	B	0.02%	0.17%	0.02%
JBL	C	0.03%	0.2%	0.03%
JCI	A	0.07%	0.19%	0.07%
JKHY	D	0.1%	0.19%	0.1%
JNJ	D	1.18%	0.15%	0.15%
JNPR	D	0.13%	0.16%	0.13%
JPM	A	0.99%	0.17%	0.17%
K	B	0.15%	0.16%	0.15%
KDP	D	0.07%	0.14%	0.07%
KEY	A	0.03%	0.18%	0.03%
KHC	F	0.15%	0.15%	0.15%
KIM	A	0.02%	0.17%	0.02%
KKR	A	0.15%	0.2%	0.15%
KLAC	F	0.23%	0.13%	0.13%
KMB	C	0.16%	0.15%	0.15%
KMI	A	0.11%	0.2%	0.11%
KNX	B	0.01%	0.17%	0.01%
KO	D	1.0%	0.14%	0.14%
KR	B	0.38%	0.18%	0.18%
L	A	0.06%	0.17%	0.06%
LDOS	C	0.11%	0.2%	0.11%
LEN	D	0.06%	0.16%	0.06%
LHX	B	0.26%	0.18%	0.18%
LII	B	0.21%	0.17%	0.17%
LLY	F	2.39%	0.14%	0.14%
LMT	D	0.75%	0.16%	0.16%
LNT	A	0.02%	0.16%	0.02%
LOW	A	0.35%	0.18%	0.18%
LPLA	A	0.07%	0.22%	0.07%
LRCX	F	0.17%	0.14%	0.14%
LW	C	0.03%	0.21%	0.03%
LYB	F	0.15%	0.14%	0.14%
MA	A	0.28%	0.19%	0.19%
MAA	A	0.02%	0.16%	0.02%
MANH	D	0.03%	0.17%	0.03%
MAR	A	0.04%	0.19%	0.04%
MAS	D	0.06%	0.16%	0.06%
MCD	D	0.53%	0.16%	0.16%
MCK	A	0.63%	0.17%	0.17%
MCO	C	0.15%	0.16%	0.15%
MDLZ	F	0.23%	0.15%	0.15%
MET	A	0.32%	0.19%	0.19%
META	C	2.35%	0.17%	0.17%
MKC	D	0.05%	0.15%	0.05%
MKTX	C	0.02%	0.18%	0.02%
MLM	B	0.07%	0.18%	0.07%
MMC	C	0.2%	0.16%	0.16%
MMM	D	0.6%	0.16%	0.16%
MNST	D	0.07%	0.18%	0.07%
MO	A	0.73%	0.17%	0.17%
MOS	D	0.01%	0.16%	0.01%
MPC	D	0.34%	0.14%	0.14%
MPWR	F	0.06%	0.13%	0.06%
MRK	F	0.84%	0.14%	0.14%
MRO	A	0.03%	0.16%	0.03%
MS	A	0.22%	0.2%	0.2%
MSCI	A	0.07%	0.16%	0.07%
MSI	A	0.2%	0.18%	0.18%
MTB	A	0.04%	0.2%	0.04%
MTD	F	0.08%	0.14%	0.08%
MU	D	0.16%	0.16%	0.16%
NBIX	D	0.04%	0.13%	0.04%
NDAQ	A	0.05%	0.18%	0.05%
NDSN	B	0.04%	0.17%	0.04%
NEE	C	0.22%	0.15%	0.15%
NEM	F	0.16%	0.14%	0.14%
NFLX	A	0.52%	0.18%	0.18%
NI	A	0.02%	0.18%	0.02%
NKE	D	0.06%	0.14%	0.06%
NOC	D	0.35%	0.16%	0.16%
NOW	B	0.36%	0.19%	0.19%
NRG	B	0.07%	0.18%	0.07%
NSC	B	0.07%	0.18%	0.07%
NTAP	D	0.1%	0.15%	0.1%
NTRS	A	0.03%	0.19%	0.03%
NUE	D	0.08%	0.17%	0.08%
NVDA	B	1.9%	0.18%	0.18%
NVR	D	0.09%	0.17%	0.09%
NWSA	B	0.04%	0.17%	0.04%
O	D	0.05%	0.15%	0.05%
OC	A	0.02%	0.19%	0.02%
ODFL	B	0.02%	0.18%	0.02%
OKE	A	0.1%	0.19%	0.1%
OMC	C	0.06%	0.17%	0.06%
ORCL	A	1.52%	0.21%	0.21%
ORLY	A	0.2%	0.17%	0.17%
OTIS	D	0.07%	0.17%	0.07%
PANW	B	0.25%	0.17%	0.17%
PARA	C	0.01%	0.16%	0.01%
PAYX	B	0.04%	0.19%	0.04%
PEG	C	0.06%	0.17%	0.06%
PEP	F	0.74%	0.15%	0.15%
PFE	F	0.57%	0.14%	0.14%
PFG	C	0.01%	0.17%	0.01%
PG	C	1.01%	0.15%	0.15%
PGR	B	0.59%	0.17%	0.17%
PH	A	0.14%	0.19%	0.14%
PHM	D	0.1%	0.17%	0.1%
PKG	B	0.1%	0.19%	0.1%
PLTR	A	0.23%	0.28%	0.23%
PM	A	0.87%	0.17%	0.17%
PNC	A	0.12%	0.18%	0.12%
PNR	A	0.02%	0.19%	0.02%
POOL	D	0.07%	0.17%	0.07%
PPG	F	0.04%	0.16%	0.04%
PPL	A	0.04%	0.16%	0.04%
PRU	A	0.23%	0.18%	0.18%
PSA	C	0.09%	0.16%	0.09%
PSTG	F	0.04%	0.13%	0.04%
PSX	C	0.23%	0.15%	0.15%
PTC	B	0.04%	0.17%	0.04%
PWR	A	0.12%	0.19%	0.12%
PYPL	A	0.12%	0.18%	0.12%
QCOM	F	0.77%	0.15%	0.15%
QRVO	F	0.01%	0.1%	0.01%
RCL	A	0.1%	0.22%	0.1%
REGN	F	0.36%	0.11%	0.11%
RF	A	0.02%	0.19%	0.02%
RMD	C	0.16%	0.18%	0.16%
ROL	A	0.07%	0.16%	0.07%
ROP	C	0.06%	0.16%	0.06%
RPM	A	0.13%	0.18%	0.13%
RPRX	F	0.03%	0.15%	0.03%
RS	B	0.04%	0.18%	0.04%
RSG	B	0.13%	0.16%	0.13%
RTX	D	0.22%	0.16%	0.16%
RVTY	D	0.01%	0.16%	0.01%
SBAC	D	0.03%	0.16%	0.03%
SBUX	A	0.09%	0.16%	0.09%
SCHW	A	0.05%	0.18%	0.05%
SEIC	A	0.09%	0.19%	0.09%
SHW	B	0.22%	0.17%	0.17%
SJM	F	0.04%	0.15%	0.04%
SLB	C	0.01%	0.15%	0.01%
SMCI	F	0.05%	0.06%	0.05%
SO	C	0.13%	0.16%	0.13%
SPG	A	0.16%	0.18%	0.16%
SPGI	C	0.29%	0.16%	0.16%
SQ	A	0.06%	0.18%	0.06%
SRE	A	0.08%	0.18%	0.08%
SSNC	D	0.02%	0.16%	0.02%
STE	D	0.07%	0.15%	0.07%
STLD	B	0.04%	0.2%	0.04%
STZ	D	0.06%	0.15%	0.06%
SUI	D	0.05%	0.15%	0.05%
SYF	A	0.31%	0.22%	0.22%
SYY	D	0.12%	0.16%	0.12%
T	A	0.73%	0.18%	0.18%
TAP	A	0.09%	0.17%	0.09%
TDG	D	0.15%	0.16%	0.15%
TER	F	0.03%	0.13%	0.03%
TFC	A	0.09%	0.17%	0.09%
TFX	F	0.02%	0.13%	0.02%
TGT	D	0.74%	0.16%	0.16%
TJX	A	0.37%	0.16%	0.16%
TMO	D	0.28%	0.14%	0.14%
TMUS	A	0.43%	0.18%	0.18%
TRGP	A	0.11%	0.21%	0.11%
TROW	A	0.09%	0.17%	0.09%
TRV	A	0.2%	0.18%	0.18%
TSCO	D	0.11%	0.17%	0.11%
TSN	A	0.18%	0.15%	0.15%
TTC	D	0.06%	0.15%	0.06%
TTWO	A	0.07%	0.18%	0.07%
TW	B	0.06%	0.18%	0.06%
TXN	C	0.29%	0.17%	0.17%
TYL	B	0.08%	0.17%	0.08%
UBER	C	0.21%	0.15%	0.15%
UDR	C	0.03%	0.16%	0.03%
UHAL	D	0.01%	0.16%	0.01%
UHAL	D	0.01%	0.16%	0.01%
UHS	D	0.06%	0.14%	0.06%
ULTA	D	0.04%	0.16%	0.04%
UNH	B	0.79%	0.17%	0.17%
UNP	D	0.51%	0.15%	0.15%
UPS	C	0.24%	0.16%	0.16%
URI	B	0.09%	0.19%	0.09%
USB	B	0.11%	0.18%	0.11%
UTHR	B	0.19%	0.18%	0.18%
V	A	0.31%	0.19%	0.19%
VLO	C	0.16%	0.15%	0.15%
VLTO	D	0.04%	0.15%	0.04%
VRSK	B	0.16%	0.16%	0.16%
VRSN	D	0.04%	0.16%	0.04%
VRTX	C	0.22%	0.17%	0.17%
VST	A	0.23%	0.28%	0.23%
VTR	C	0.04%	0.17%	0.04%
VTRS	A	0.14%	0.18%	0.14%
VZ	C	1.0%	0.15%	0.15%
WAB	B	0.05%	0.2%	0.05%
WAT	B	0.05%	0.18%	0.05%
WBA	F	0.12%	0.13%	0.12%
WDC	F	0.08%	0.17%	0.08%
WELL	A	0.12%	0.18%	0.12%
WFC	A	0.97%	0.2%	0.2%
WM	B	0.28%	0.17%	0.17%
WMB	A	0.1%	0.2%	0.1%
WMT	A	1.71%	0.17%	0.17%
WPC	D	0.03%	0.15%	0.03%
WRB	A	0.02%	0.17%	0.02%
WSM	F	0.18%	0.15%	0.15%
WSO	A	0.17%	0.17%	0.17%
WST	C	0.05%	0.17%	0.05%
WTW	B	0.11%	0.18%	0.11%
XOM	B	0.43%	0.16%	0.16%
XYL	D	0.1%	0.15%	0.1%
YUM	D	0.13%	0.16%	0.13%
ZBRA	B	0.04%	0.18%	0.04%
ZTS	D	0.05%	0.15%	0.05%

MFUS Overweight 395 Positions Relative to EUSA

Symbol	Grade	Weight
THC	C	0.28%
SFM	A	0.25%
ANF	C	0.25%
MUSA	A	0.16%
CASY	B	0.16%
EVR	A	0.13%
CW	B	0.11%
CRS	A	0.11%
ALSN	B	0.11%
BWXT	A	0.11%
AYI	A	0.1%
JXN	B	0.1%
MLI	B	0.09%
WCC	A	0.09%
CALM	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
CACI	C	0.09%
TMHC	B	0.09%
GPI	A	0.09%
HRB	D	0.08%
LPX	A	0.08%
SLG	B	0.08%
GPK	D	0.08%
ABG	A	0.08%
ATR	B	0.08%
HLI	A	0.08%
ITT	A	0.08%
SCI	B	0.07%
UFPI	C	0.07%
EXP	B	0.07%
BCC	B	0.07%
INGR	B	0.07%
SKYW	A	0.07%
GEO	A	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
R	A	0.07%
AEO	F	0.07%
HCC	B	0.07%
G	A	0.06%
VIRT	A	0.06%
BC	D	0.06%
GAP	C	0.06%
SEE	B	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	A	0.06%
LECO	C	0.06%
JLL	C	0.06%
GNRC	B	0.06%
BERY	D	0.06%
KTB	A	0.06%
CHE	D	0.06%
SLM	A	0.06%
CMC	B	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
WU	F	0.06%
PK	C	0.06%
TXRH	A	0.06%
AMG	A	0.06%
AN	D	0.06%
RGA	A	0.06%
MSM	C	0.06%
TOL	B	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FLEX	B	0.05%
THG	A	0.05%
AR	B	0.05%
NSIT	F	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	D	0.05%
USFD	B	0.05%
SLGN	B	0.05%
POST	D	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	A	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	D	0.05%
HBI	A	0.05%
WEN	C	0.05%
FCN	F	0.05%
MMS	D	0.05%
BTU	B	0.05%
SON	D	0.04%
AVT	C	0.04%
OSK	C	0.04%
XPO	B	0.04%
LANC	D	0.04%
TKR	F	0.04%
AWI	A	0.04%
SEM	B	0.04%
CRUS	F	0.04%
CXW	B	0.04%
SMG	D	0.04%
JWN	A	0.04%
AGNC	C	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	C	0.04%
FLO	D	0.04%
WH	A	0.04%
FL	F	0.04%
OLN	F	0.04%
ARW	D	0.04%
CPNG	C	0.04%
RUSHA	B	0.04%
TRN	A	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
CUBE	C	0.04%
WTM	A	0.04%
OGN	F	0.04%
BHF	A	0.04%
ATI	D	0.04%
MAC	A	0.04%
GBX	A	0.04%
HUBG	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
AROC	A	0.04%
ABM	B	0.04%
DCI	B	0.04%
WERN	B	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	B	0.03%
KMPR	A	0.03%
LZB	A	0.03%
HAE	A	0.03%
UNF	A	0.03%
PINC	B	0.03%
APAM	A	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	D	0.03%
JEF	A	0.03%
AMKR	F	0.03%
COLD	F	0.03%
LBRDK	B	0.03%
BKE	A	0.03%
FHI	A	0.03%
LNC	A	0.03%
OMF	A	0.03%
X	D	0.03%
PLXS	B	0.03%
WHR	A	0.03%
OI	C	0.03%
PRG	A	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
AVA	C	0.03%
DBRG	D	0.03%
COHR	B	0.03%
RL	B	0.03%
GMS	A	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	A	0.03%
BLD	F	0.03%
DDS	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	C	0.03%
IVZ	B	0.03%
MC	B	0.03%
MATX	B	0.03%
MASI	A	0.03%
TPX	A	0.03%
NYT	D	0.03%
BJ	B	0.03%
MORN	B	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	A	0.02%
KEX	A	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	F	0.02%
LAUR	A	0.02%
UAL	A	0.02%
AA	A	0.02%
SF	A	0.02%
BHE	B	0.02%
BRKR	F	0.02%
GT	C	0.02%
GME	C	0.02%
WBS	A	0.02%
PHIN	A	0.02%
WAL	A	0.02%
AXTA	A	0.02%
ANDE	C	0.02%
ZION	A	0.02%
APG	C	0.02%
SNV	A	0.02%
NSP	F	0.02%
HP	C	0.02%
VFC	B	0.02%
DNOW	A	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	A	0.02%
XRAY	F	0.02%
WKC	C	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
NAVI	D	0.02%
WMS	F	0.02%
LNW	D	0.02%
EPC	F	0.02%
M	C	0.02%
AGCO	D	0.02%
KBR	D	0.02%
JBLU	C	0.02%
PFSI	D	0.02%
VVV	B	0.02%
THS	F	0.02%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	D	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
GWRE	B	0.02%
SAM	B	0.02%
PSN	C	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
EWBC	A	0.02%
NTCT	B	0.02%
VSCO	A	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
FAF	C	0.02%
SBH	A	0.02%
PAG	A	0.02%
BFAM	F	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
RYN	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
GEF	A	0.02%
MSA	D	0.02%
NEU	C	0.02%
GHC	A	0.02%
STC	A	0.02%
SVC	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
NOV	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
SCL	D	0.01%
MLKN	F	0.01%
IGT	F	0.01%
CACC	D	0.01%
ARI	D	0.01%
WOR	F	0.01%
ELAN	C	0.01%
CNXN	D	0.01%
SPR	D	0.01%
CLF	F	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	A	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	D	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	C	0.01%
OUT	C	0.01%
PNW	A	0.01%
SHO	D	0.01%
WGO	B	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	A	0.01%
SWX	A	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	D	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	F	0.01%
SAIC	D	0.01%
OMI	F	0.01%
FDP	A	0.01%
SIGI	A	0.01%
LEA	F	0.01%
WAFD	A	0.01%
CROX	F	0.01%
BRC	C	0.01%
DY	C	0.01%
SPB	C	0.01%
PPC	B	0.01%
NNN	D	0.01%
CFR	A	0.01%
FELE	B	0.01%
DAN	F	0.01%
WMK	B	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
ESNT	D	0.01%
TPR	A	0.01%
DXC	C	0.01%
IDCC	A	0.01%
LADR	A	0.01%
NNI	C	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	D	0.01%
ONB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
TTEK	D	0.01%
MUR	F	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	A	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	D	0.01%
CADE	A	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	D	0.01%
ADC	A	0.01%
SATS	D	0.01%
RBC	A	0.01%
BWA	A	0.01%
GOLF	A	0.01%
FR	D	0.01%
DTM	A	0.01%
DEI	B	0.01%
AMWD	B	0.01%
PTEN	D	0.01%
SCS	A	0.01%
VNT	C	0.01%
TDC	F	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 171 Positions Relative to EUSA

Symbol	Grade	Weight
MSTR	B	-0.32%
GEV	A	-0.29%
VRT	A	-0.26%
TPL	A	-0.26%
TOST	A	-0.25%
AXON	A	-0.25%
TEAM	A	-0.24%
TWLO	A	-0.24%
DAL	A	-0.24%
APO	A	-0.24%
TSLA	B	-0.23%
PODD	A	-0.23%
DAY	B	-0.23%
RJF	A	-0.22%
DOCU	A	-0.22%
PAYC	B	-0.22%
Z	A	-0.21%
HUBS	A	-0.21%
EXPE	A	-0.21%
MRVL	B	-0.21%
ZM	B	-0.21%
LYV	A	-0.2%
SNAP	D	-0.2%
EXE	A	-0.2%
RBLX	B	-0.2%
IOT	B	-0.2%
TRMB	A	-0.2%
SNA	A	-0.2%
ROKU	D	-0.19%
LUV	A	-0.19%
KEYS	C	-0.19%
ALB	C	-0.19%
VMC	B	-0.19%
FLUT	A	-0.19%
PCAR	B	-0.19%
VEEV	C	-0.19%
SOLV	C	-0.19%
GRMN	B	-0.19%
SW	A	-0.19%
TTD	B	-0.19%
ETN	A	-0.19%
LVS	C	-0.19%
EQT	A	-0.19%
CRM	A	-0.19%
CRWD	B	-0.19%
LNG	A	-0.18%
AZPN	A	-0.18%
TRU	D	-0.18%
ILMN	C	-0.18%
ABNB	C	-0.18%
MDB	C	-0.18%
APD	A	-0.18%
DKNG	B	-0.18%
BIO	C	-0.18%
AME	A	-0.18%
EPAM	B	-0.18%
CNP	A	-0.18%
TDY	B	-0.18%
STT	A	-0.18%
WBD	B	-0.18%
CRH	B	-0.18%
LULU	C	-0.18%
TT	A	-0.18%
LH	B	-0.17%
CRL	D	-0.17%
CTSH	B	-0.17%
CDNS	B	-0.17%
COO	D	-0.17%
DDOG	B	-0.17%
MKL	A	-0.17%
FCX	F	-0.17%
ALLE	D	-0.17%
HON	A	-0.17%
SYK	A	-0.17%
AEE	A	-0.17%
WDAY	B	-0.17%
KVUE	A	-0.17%
DIS	A	-0.17%
EQIX	B	-0.17%
WYNN	D	-0.17%
CNH	D	-0.17%
PCG	A	-0.17%
NET	C	-0.17%
AFG	A	-0.17%
XEL	A	-0.17%
MSFT	D	-0.16%
WCN	A	-0.16%
ADI	D	-0.16%
ZS	B	-0.16%
TXT	D	-0.16%
LIN	D	-0.16%
SNPS	C	-0.16%
FERG	D	-0.16%
WTRG	C	-0.16%
STX	D	-0.16%
MDT	D	-0.16%
INTU	A	-0.16%
TEL	C	-0.16%
FBIN	D	-0.16%
ROK	A	-0.16%
CTRA	A	-0.16%
OVV	C	-0.16%
FWONK	B	-0.16%
CSGP	F	-0.16%
HES	B	-0.16%
NLY	C	-0.16%
GPN	B	-0.16%
ABT	B	-0.16%
CF	A	-0.16%
TECH	D	-0.16%
REG	A	-0.16%
DE	D	-0.16%
EOG	A	-0.16%
DOC	D	-0.16%
WY	D	-0.16%
DT	C	-0.16%
FTV	D	-0.16%
WEC	A	-0.16%
SWK	F	-0.15%
PLD	D	-0.15%
ENTG	F	-0.15%
MELI	D	-0.15%
LKQ	D	-0.15%
MGM	D	-0.15%
KMX	B	-0.15%
MOH	F	-0.15%
AMD	F	-0.15%
AMCR	C	-0.15%
CBOE	D	-0.15%
EW	C	-0.15%
HAL	C	-0.15%
AWK	C	-0.15%
DXCM	C	-0.15%
ZBH	C	-0.15%
ROST	D	-0.15%
J	D	-0.15%
BSY	D	-0.15%
EG	D	-0.15%
ACGL	C	-0.15%
FDX	A	-0.15%
ARE	D	-0.15%
VICI	C	-0.15%
FSLR	F	-0.14%
EXAS	F	-0.14%
GPC	D	-0.14%
BA	F	-0.14%
CHRD	F	-0.14%
IQV	F	-0.14%
DVN	F	-0.14%
OXY	F	-0.14%
MCHP	F	-0.14%
BG	D	-0.14%
SNOW	C	-0.14%
WLK	F	-0.14%
NXPI	F	-0.14%
PINS	F	-0.14%
ON	F	-0.14%
RIVN	F	-0.13%
APTV	F	-0.13%
HUM	F	-0.13%
MTCH	F	-0.13%
SWKS	F	-0.13%
APA	F	-0.12%
OKTA	D	-0.12%
EL	F	-0.11%
CELH	F	-0.11%
GOOGL	B	-0.09%
ENPH	F	-0.09%
GOOG	B	-0.08%
MRNA	F	-0.08%
FOX	A	-0.06%