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

$50.22

Average Daily Volume

7,364

Number of Holdings ^*

780

* 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

$95.42

Average Daily Volume

54,911

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	EUSA
30 Days	3.10%	3.96%
60 Days	4.82%	5.77%
90 Days	5.74%	7.92%
12 Months	28.93%	25.27%

398 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in EUSA	Overlap
A	C	0.05%	0.16%	0.05%
AAPL	C	0.67%	0.16%	0.16%
ABBV	C	1.34%	0.17%	0.17%
ACI	F	0.01%	0.15%	0.01%
ACM	B	0.04%	0.17%	0.04%
ACN	C	0.19%	0.17%	0.17%
ADBE	F	0.04%	0.16%	0.04%
ADM	D	0.32%	0.17%	0.17%
ADP	B	0.09%	0.17%	0.09%
ADSK	C	0.09%	0.17%	0.09%
AES	C	0.03%	0.18%	0.03%
AFG	B	0.01%	0.18%	0.01%
AFL	C	0.19%	0.19%	0.19%
AIG	D	0.42%	0.17%	0.17%
AIZ	B	0.07%	0.18%	0.07%
AJG	D	0.09%	0.17%	0.09%
AKAM	D	0.03%	0.16%	0.03%
ALGN	D	0.02%	0.17%	0.02%
ALL	B	0.36%	0.17%	0.17%
ALLY	F	0.1%	0.13%	0.1%
AMAT	D	0.44%	0.15%	0.15%
AMGN	B	1.03%	0.17%	0.17%
AMH	C	0.04%	0.18%	0.04%
AMP	A	0.08%	0.17%	0.08%
AMZN	C	1.27%	0.17%	0.17%
ANET	B	0.12%	0.17%	0.12%
ANSS	D	0.05%	0.16%	0.05%
AON	B	0.19%	0.17%	0.17%
AOS	D	0.11%	0.16%	0.11%
APH	D	0.1%	0.16%	0.1%
APO	C	0.1%	0.18%	0.1%
APP	C	0.03%	0.22%	0.03%
ARES	B	0.09%	0.17%	0.09%
AVGO	C	1.34%	0.17%	0.17%
AVTR	B	0.03%	0.18%	0.03%
AVY	C	0.1%	0.17%	0.1%
AXP	B	0.19%	0.17%	0.17%
AZO	D	0.3%	0.16%	0.16%
BAC	D	0.39%	0.17%	0.17%
BAH	C	0.14%	0.17%	0.14%
BALL	C	0.07%	0.17%	0.07%
BAX	C	0.04%	0.18%	0.04%
BBWI	F	0.02%	0.14%	0.02%
BBY	C	0.24%	0.19%	0.19%
BDX	D	0.09%	0.17%	0.09%
BEN	F	0.04%	0.15%	0.04%
BIIB	F	0.08%	0.16%	0.08%
BK	B	0.27%	0.18%	0.18%
BKNG	C	0.47%	0.18%	0.18%
BKR	C	0.16%	0.16%	0.16%
BLDR	C	0.04%	0.19%	0.04%
BMRN	F	0.02%	0.15%	0.02%
BMY	C	0.28%	0.17%	0.17%
BR	D	0.16%	0.17%	0.16%
BRK.A	C	2.01%	0.17%	0.17%
BRO	C	0.13%	0.17%	0.13%
BSX	B	0.19%	0.18%	0.18%
BURL	B	0.03%	0.17%	0.03%
BX	B	0.23%	0.19%	0.19%
BXP	B	0.02%	0.19%	0.02%
C	C	1.22%	0.16%	0.16%
CAG	C	0.05%	0.17%	0.05%
CAH	C	0.35%	0.17%	0.17%
CARR	B	0.12%	0.19%	0.12%
CAT	B	0.41%	0.17%	0.17%
CB	B	0.16%	0.18%	0.16%
CCK	A	0.07%	0.17%	0.07%
CCL	C	0.05%	0.19%	0.05%
CDW	D	0.05%	0.17%	0.05%
CE	F	0.07%	0.16%	0.07%
CEG	C	0.09%	0.17%	0.09%
CFG	C	0.06%	0.17%	0.06%
CG	D	0.02%	0.17%	0.02%
CHD	D	0.07%	0.17%	0.07%
CHRD	F	0.02%	0.15%	0.02%
CHRW	B	0.09%	0.17%	0.09%
CHTR	D	0.24%	0.16%	0.16%
CI	C	0.14%	0.18%	0.14%
CINF	B	0.02%	0.18%	0.02%
CL	D	0.33%	0.17%	0.17%
CLX	C	0.15%	0.18%	0.15%
CMCSA	D	0.24%	0.16%	0.16%
CME	C	0.2%	0.17%	0.17%
CMG	C	0.22%	0.18%	0.18%
CMI	C	0.11%	0.17%	0.11%
COF	B	0.42%	0.16%	0.16%
COIN	F	0.06%	0.14%	0.06%
COP	D	0.3%	0.15%	0.15%
COST	B	1.21%	0.17%	0.17%
CPAY	B	0.05%	0.18%	0.05%
CPB	C	0.01%	0.17%	0.01%
CPRT	D	0.19%	0.16%	0.16%
CPT	B	0.06%	0.17%	0.06%
CRM	D	0.35%	0.16%	0.16%
CSCO	C	0.42%	0.16%	0.16%
CSL	B	0.01%	0.17%	0.01%
CSX	D	0.08%	0.17%	0.08%
CTAS	B	0.18%	0.18%	0.18%
CTLT	B	0.02%	0.17%	0.02%
CTRA	D	0.02%	0.16%	0.02%
CTVA	B	0.03%	0.18%	0.03%
CVS	D	0.8%	0.16%	0.16%
CVX	D	0.79%	0.16%	0.16%
DASH	C	0.09%	0.17%	0.09%
DD	B	0.21%	0.17%	0.17%
DECK	C	0.17%	0.16%	0.16%
DELL	D	0.05%	0.17%	0.05%
DFS	B	0.08%	0.16%	0.08%
DG	F	0.05%	0.12%	0.05%
DGX	B	0.06%	0.17%	0.06%
DHR	B	0.27%	0.17%	0.17%
DINO	F	0.03%	0.16%	0.03%
DKS	D	0.09%	0.16%	0.09%
DLR	B	0.08%	0.18%	0.08%
DLTR	F	0.02%	0.12%	0.02%
DOV	B	0.02%	0.17%	0.02%
DOW	D	0.04%	0.16%	0.04%
DPZ	F	0.18%	0.16%	0.16%
DRI	B	0.03%	0.17%	0.03%
DUK	C	0.13%	0.17%	0.13%
DVA	B	0.18%	0.18%	0.18%
EA	D	0.09%	0.16%	0.09%
EBAY	B	0.34%	0.19%	0.19%
ECL	B	0.08%	0.17%	0.08%
EFX	B	0.09%	0.17%	0.09%
ELS	C	0.04%	0.18%	0.04%
ELV	C	0.08%	0.17%	0.08%
EME	B	0.03%	0.18%	0.03%
EMN	B	0.06%	0.18%	0.06%
EMR	D	0.15%	0.17%	0.15%
ENTG	F	0.04%	0.16%	0.04%
EOG	D	0.11%	0.16%	0.11%
EQH	C	0.07%	0.16%	0.07%
EQIX	C	0.03%	0.17%	0.03%
ERIE	B	0.09%	0.19%	0.09%
ETN	C	0.18%	0.17%	0.17%
EVRG	B	0.01%	0.18%	0.01%
EXC	C	0.12%	0.18%	0.12%
EXPD	C	0.07%	0.17%	0.07%
EXR	B	0.07%	0.17%	0.07%
F	F	0.33%	0.17%	0.17%
FANG	D	0.04%	0.15%	0.04%
FAST	C	0.1%	0.17%	0.1%
FCNCA	D	0.05%	0.15%	0.05%
FCX	D	0.09%	0.16%	0.09%
FDS	C	0.05%	0.18%	0.05%
FFIV	B	0.04%	0.17%	0.04%
FICO	B	0.22%	0.18%	0.18%
FIS	B	0.08%	0.18%	0.08%
FITB	B	0.05%	0.18%	0.05%
FNF	B	0.03%	0.17%	0.03%
FOXA	B	0.08%	0.11%	0.08%
FTNT	C	0.06%	0.16%	0.06%
GD	B	0.17%	0.17%	0.17%
GDDY	C	0.09%	0.15%	0.09%
GE	B	1.09%	0.18%	0.18%
GEHC	C	0.02%	0.17%	0.02%
GGG	C	0.04%	0.17%	0.04%
GILD	B	0.78%	0.18%	0.18%
GIS	B	0.11%	0.18%	0.11%
GLPI	C	0.07%	0.18%	0.07%
GLW	C	0.2%	0.17%	0.17%
GM	C	0.56%	0.17%	0.17%
GOOGL	D	1.17%	0.08%	0.08%
GPC	D	0.02%	0.16%	0.02%
GS	C	0.45%	0.16%	0.16%
GWW	B	0.17%	0.17%	0.17%
H	C	0.01%	0.17%	0.01%
HAL	F	0.04%	0.15%	0.04%
HBAN	B	0.03%	0.18%	0.03%
HCA	B	0.13%	0.18%	0.13%
HD	B	0.39%	0.17%	0.17%
HEI	B	0.04%	0.07%	0.04%
HEI	B	0.04%	0.11%	0.04%
HIG	B	0.06%	0.19%	0.06%
HII	D	0.02%	0.16%	0.02%
HLT	B	0.08%	0.17%	0.08%
HOLX	B	0.03%	0.17%	0.03%
HOOD	C	0.03%	0.19%	0.03%
HPE	D	0.2%	0.15%	0.15%
HPQ	D	0.27%	0.16%	0.16%
HRL	C	0.01%	0.16%	0.01%
HSIC	C	0.03%	0.17%	0.03%
HST	C	0.02%	0.18%	0.02%
HSY	C	0.06%	0.17%	0.06%
HUBB	B	0.08%	0.18%	0.08%
HWM	B	0.12%	0.17%	0.12%
IBM	B	1.32%	0.18%	0.18%
ICE	C	0.29%	0.17%	0.17%
IDXX	C	0.06%	0.17%	0.06%
IEX	D	0.08%	0.16%	0.08%
IFF	B	0.03%	0.18%	0.03%
INCY	C	0.01%	0.16%	0.01%
INTC	F	0.36%	0.16%	0.16%
INTU	C	0.26%	0.16%	0.16%
INVH	C	0.06%	0.17%	0.06%
IP	B	0.12%	0.17%	0.12%
IPG	C	0.07%	0.16%	0.07%
IR	C	0.09%	0.17%	0.09%
IRM	C	0.11%	0.18%	0.11%
IT	B	0.16%	0.17%	0.16%
ITW	C	0.08%	0.17%	0.08%
JBHT	D	0.02%	0.16%	0.02%
JBL	D	0.07%	0.16%	0.07%
JKHY	B	0.1%	0.19%	0.1%
JNJ	C	1.03%	0.17%	0.17%
JNPR	B	0.13%	0.17%	0.13%
JPM	D	0.9%	0.16%	0.16%
K	B	0.1%	0.17%	0.1%
KDP	B	0.06%	0.18%	0.06%
KEY	B	0.02%	0.16%	0.02%
KHC	C	0.16%	0.17%	0.16%
KKR	B	0.13%	0.17%	0.13%
KLAC	D	0.23%	0.15%	0.15%
KMB	D	0.16%	0.17%	0.16%
KMI	B	0.08%	0.17%	0.08%
KNX	C	0.01%	0.16%	0.01%
KO	C	0.6%	0.17%	0.17%
KR	C	0.34%	0.18%	0.18%
L	C	0.08%	0.17%	0.08%
LDOS	B	0.08%	0.17%	0.08%
LEN	B	0.08%	0.18%	0.08%
LHX	C	0.19%	0.17%	0.17%
LII	B	0.23%	0.17%	0.17%
LLY	C	2.48%	0.16%	0.16%
LMT	C	0.52%	0.17%	0.17%
LOW	B	0.23%	0.18%	0.18%
LPLA	D	0.07%	0.16%	0.07%
LRCX	F	0.27%	0.15%	0.15%
LVS	D	0.01%	0.16%	0.01%
LW	D	0.04%	0.17%	0.04%
LYB	D	0.21%	0.16%	0.16%
MA	B	0.79%	0.19%	0.19%
MANH	B	0.03%	0.17%	0.03%
MAR	C	0.11%	0.17%	0.11%
MAS	B	0.06%	0.17%	0.06%
MCD	B	0.4%	0.17%	0.17%
MCK	F	0.51%	0.16%	0.16%
MCO	B	0.03%	0.17%	0.03%
MDLZ	B	0.22%	0.17%	0.17%
MET	B	0.36%	0.19%	0.19%
META	B	2.02%	0.17%	0.17%
MKC	C	0.08%	0.18%	0.08%
MKL	C	0.03%	0.17%	0.03%
MKTX	C	0.02%	0.18%	0.02%
MLM	D	0.06%	0.16%	0.06%
MMC	C	0.19%	0.17%	0.17%
MMM	B	0.41%	0.17%	0.17%
MNST	D	0.06%	0.18%	0.06%
MO	C	0.52%	0.17%	0.17%
MOH	D	0.03%	0.17%	0.03%
MOS	F	0.04%	0.16%	0.04%
MPC	F	0.64%	0.16%	0.16%
MPWR	C	0.08%	0.17%	0.08%
MRK	D	0.87%	0.17%	0.17%
MRO	C	0.1%	0.16%	0.1%
MSCI	C	0.07%	0.16%	0.07%
MSI	B	0.15%	0.17%	0.15%
MTB	B	0.03%	0.18%	0.03%
MTD	D	0.08%	0.16%	0.08%
MU	F	0.15%	0.14%	0.14%
NBIX	F	0.04%	0.14%	0.04%
NDAQ	A	0.02%	0.17%	0.02%
NDSN	C	0.04%	0.17%	0.04%
NEM	B	0.09%	0.17%	0.09%
NFLX	B	0.44%	0.17%	0.17%
NKE	D	0.04%	0.16%	0.04%
NOC	B	0.23%	0.17%	0.17%
NOW	B	0.37%	0.17%	0.17%
NRG	C	0.07%	0.17%	0.07%
NTAP	D	0.08%	0.15%	0.08%
NTRS	A	0.02%	0.17%	0.02%
NUE	F	0.08%	0.17%	0.08%
NVDA	D	1.6%	0.16%	0.16%
NVR	B	0.07%	0.17%	0.07%
NWSA	D	0.06%	0.16%	0.06%
OC	D	0.07%	0.17%	0.07%
ODFL	D	0.02%	0.16%	0.02%
OKE	B	0.08%	0.18%	0.08%
OKTA	F	0.03%	0.13%	0.03%
OMC	B	0.06%	0.17%	0.06%
ORCL	C	1.13%	0.19%	0.19%
ORLY	C	0.18%	0.17%	0.17%
OTIS	C	0.07%	0.17%	0.07%
PANW	D	0.25%	0.16%	0.16%
PARA	F	0.02%	0.16%	0.02%
PAYX	C	0.03%	0.18%	0.03%
PCAR	D	0.08%	0.17%	0.08%
PEG	B	0.05%	0.18%	0.05%
PEP	C	0.62%	0.17%	0.17%
PFE	C	0.53%	0.17%	0.17%
PFG	B	0.01%	0.17%	0.01%
PG	C	0.88%	0.17%	0.17%
PGR	B	0.5%	0.18%	0.18%
PH	B	0.13%	0.17%	0.13%
PHM	B	0.17%	0.19%	0.17%
PINS	F	0.04%	0.15%	0.04%
PKG	B	0.05%	0.18%	0.05%
PM	C	0.56%	0.18%	0.18%
PNC	B	0.1%	0.17%	0.1%
PNR	B	0.08%	0.18%	0.08%
POOL	C	0.07%	0.17%	0.07%
PPG	D	0.04%	0.17%	0.04%
PRU	C	0.25%	0.19%	0.19%
PSA	B	0.03%	0.18%	0.03%
PSTG	F	0.03%	0.13%	0.03%
PSX	F	0.54%	0.16%	0.16%
PTC	D	0.05%	0.16%	0.05%
PWR	B	0.13%	0.17%	0.13%
QCOM	D	0.62%	0.16%	0.16%
QRVO	F	0.01%	0.16%	0.01%
RCL	B	0.08%	0.18%	0.08%
REGN	C	0.45%	0.16%	0.16%
RJF	C	0.01%	0.17%	0.01%
RMD	C	0.13%	0.19%	0.13%
ROL	C	0.05%	0.17%	0.05%
ROP	C	0.06%	0.17%	0.06%
ROST	C	0.07%	0.17%	0.07%
RPM	B	0.11%	0.18%	0.11%
RPRX	C	0.03%	0.17%	0.03%
RS	D	0.08%	0.17%	0.08%
RSG	D	0.13%	0.17%	0.13%
SBAC	C	0.03%	0.18%	0.03%
SBUX	C	0.06%	0.18%	0.06%
SCHW	D	0.16%	0.16%	0.16%
SEIC	C	0.07%	0.17%	0.07%
SHW	B	0.21%	0.18%	0.18%
SJM	C	0.03%	0.17%	0.03%
SLB	F	0.09%	0.15%	0.09%
SMCI	F	0.14%	0.12%	0.12%
SNAP	F	0.02%	0.17%	0.02%
SPG	B	0.15%	0.17%	0.15%
SPGI	B	0.06%	0.17%	0.06%
STE	C	0.12%	0.17%	0.12%
STLD	F	0.04%	0.16%	0.04%
STZ	D	0.04%	0.17%	0.04%
SUI	B	0.05%	0.18%	0.05%
SYF	C	0.29%	0.17%	0.17%
SYY	D	0.07%	0.17%	0.07%
T	C	1.23%	0.19%	0.19%
TAP	D	0.08%	0.17%	0.08%
TDG	B	0.15%	0.18%	0.15%
TER	D	0.03%	0.16%	0.03%
TFC	C	0.09%	0.17%	0.09%
TFX	C	0.03%	0.17%	0.03%
TGT	C	0.68%	0.17%	0.17%
TJX	B	0.34%	0.17%	0.17%
TMUS	C	0.31%	0.17%	0.17%
TRGP	B	0.13%	0.18%	0.13%
TROW	D	0.08%	0.16%	0.08%
TRV	C	0.32%	0.18%	0.18%
TSCO	C	0.07%	0.18%	0.07%
TSN	C	0.22%	0.16%	0.16%
TTC	D	0.07%	0.16%	0.07%
TTWO	C	0.07%	0.16%	0.07%
TW	B	0.05%	0.17%	0.05%
TXN	C	0.21%	0.16%	0.16%
TXT	D	0.03%	0.17%	0.03%
TYL	C	0.08%	0.17%	0.08%
UBER	C	0.21%	0.16%	0.16%
UDR	C	0.03%	0.19%	0.03%
UHAL	A	0.03%	0.17%	0.03%
UHAL	A	0.01%	0.17%	0.01%
UHS	B	0.09%	0.17%	0.09%
ULTA	D	0.04%	0.17%	0.04%
UNP	C	0.48%	0.17%	0.17%
UPS	D	0.19%	0.16%	0.16%
URI	B	0.09%	0.17%	0.09%
USB	B	0.11%	0.17%	0.11%
UTHR	C	0.16%	0.16%	0.16%
V	C	0.86%	0.2%	0.2%
VLO	F	0.54%	0.16%	0.16%
VMC	D	0.06%	0.16%	0.06%
VRSK	D	0.2%	0.17%	0.17%
VRSN	D	0.04%	0.17%	0.04%
VRTX	D	0.21%	0.17%	0.17%
VST	C	0.26%	0.18%	0.18%
VTRS	D	0.13%	0.17%	0.13%
VZ	B	1.01%	0.18%	0.18%
WAB	B	0.04%	0.18%	0.04%
WAT	C	0.05%	0.16%	0.05%
WBA	F	0.14%	0.14%	0.14%
WDC	D	0.15%	0.17%	0.15%
WELL	C	0.12%	0.18%	0.12%
WFC	D	1.4%	0.16%	0.16%
WM	D	0.23%	0.16%	0.16%
WMB	B	0.08%	0.17%	0.08%
WMT	C	1.87%	0.18%	0.18%
WPC	C	0.05%	0.18%	0.05%
WRB	C	0.02%	0.17%	0.02%
WSM	D	0.21%	0.18%	0.18%
WSO	C	0.2%	0.17%	0.17%
WST	D	0.04%	0.17%	0.04%
WTW	C	0.05%	0.17%	0.05%
XOM	C	0.99%	0.16%	0.16%
XYL	C	0.11%	0.16%	0.11%
YUM	D	0.1%	0.16%	0.1%
ZTS	C	0.04%	0.17%	0.04%

MFUS Overweight 383 Positions Relative to EUSA

Symbol	Grade	Weight
THC	A	0.27%
ANF	D	0.26%
SFM	B	0.19%
MUSA	D	0.17%
CASY	D	0.15%
EVR	A	0.12%
GPK	B	0.1%
TOL	B	0.1%
FTI	D	0.1%
UNM	B	0.1%
CRS	B	0.1%
GPI	B	0.09%
USFD	B	0.09%
AEO	F	0.09%
JXN	A	0.09%
HRB	C	0.09%
CACI	B	0.09%
WCC	D	0.08%
OGN	D	0.08%
LECO	F	0.08%
WU	F	0.08%
HLI	B	0.08%
MTH	A	0.08%
ALSN	B	0.08%
ITT	B	0.08%
EHC	C	0.08%
LUMN	C	0.08%
BWXT	D	0.08%
TMHC	A	0.08%
AN	D	0.08%
CW	B	0.08%
LSTR	D	0.08%
ABG	D	0.07%
ARW	C	0.07%
CMC	D	0.07%
CALM	A	0.07%
SLG	B	0.07%
OSK	F	0.07%
FCN	D	0.07%
GAP	F	0.07%
ATR	B	0.07%
AYI	B	0.07%
MMS	C	0.06%
TPX	C	0.06%
PK	D	0.06%
BERY	B	0.06%
KD	D	0.06%
R	A	0.06%
VNO	B	0.06%
MSM	D	0.06%
HCC	F	0.06%
KSS	F	0.06%
CHE	C	0.06%
BCC	B	0.06%
BC	C	0.06%
TEX	F	0.06%
NSIT	D	0.06%
X	F	0.06%
SLM	D	0.06%
INGR	B	0.06%
SCI	B	0.06%
SEE	D	0.06%
GNTX	F	0.06%
PBF	F	0.06%
CRI	D	0.06%
MLI	A	0.06%
THO	D	0.06%
CNX	B	0.06%
LPX	B	0.06%
UFPI	C	0.06%
AMG	C	0.05%
ATGE	C	0.05%
CBT	B	0.05%
CRUS	D	0.05%
BWA	D	0.05%
SKYW	C	0.05%
ATI	C	0.05%
WEN	C	0.05%
TKR	D	0.05%
MUR	F	0.05%
RGA	C	0.05%
LNC	D	0.05%
LAMR	B	0.05%
LOPE	D	0.05%
MTN	D	0.05%
VIRT	C	0.05%
TXRH	C	0.05%
NYT	C	0.05%
NXST	D	0.05%
IBKR	B	0.05%
SANM	D	0.05%
FL	D	0.05%
POST	C	0.05%
FIX	B	0.05%
URBN	F	0.05%
G	C	0.05%
FLEX	C	0.05%
JLL	B	0.05%
EXP	B	0.05%
MHO	B	0.05%
KTB	B	0.05%
IVZ	B	0.05%
TPH	C	0.05%
CMA	B	0.04%
APLE	D	0.04%
GEO	F	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%
CRBG	D	0.04%
COLD	D	0.04%
GATX	D	0.04%
VC	F	0.04%
CNO	B	0.04%
SON	C	0.04%
AR	F	0.04%
XRAY	D	0.04%
PR	F	0.04%
RGLD	C	0.04%
GVA	B	0.04%
RRC	D	0.04%
PVH	F	0.04%
GNW	B	0.04%
MAN	C	0.04%
SEB	D	0.04%
ABM	D	0.04%
AGNC	B	0.04%
FLO	C	0.04%
MOG.A	B	0.04%
DCI	C	0.04%
MTG	B	0.04%
BTU	D	0.04%
HXL	F	0.04%
THG	B	0.04%
SRCL	A	0.04%
KBH	A	0.04%
WHR	D	0.04%
BDC	B	0.04%
LANC	D	0.04%
GNRC	D	0.04%
SIG	C	0.04%
SMG	C	0.04%
NOV	F	0.04%
AVT	C	0.04%
M	F	0.04%
COOP	C	0.04%
NFG	B	0.04%
PAG	D	0.04%
CLH	A	0.04%
CUBE	B	0.04%
SLGN	B	0.04%
MAC	B	0.04%
NEU	D	0.03%
SSD	D	0.03%
ZION	D	0.03%
COKE	C	0.03%
VVV	D	0.03%
FR	B	0.03%
PRG	B	0.03%
NAVI	C	0.03%
MC	B	0.03%
RLI	B	0.03%
DK	F	0.03%
BKU	C	0.03%
BRKR	D	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%
BJ	D	0.03%
WTS	C	0.03%
SBH	B	0.03%
DLB	D	0.03%
HBI	B	0.03%
LEA	F	0.03%
TRN	D	0.03%
AVA	C	0.03%
PDCO	F	0.03%
GT	F	0.03%
BLD	D	0.03%
SEM	D	0.03%
SLVM	B	0.03%
TDS	C	0.03%
ACA	B	0.03%
JEF	B	0.03%
FND	C	0.03%
DOX	C	0.03%
BHF	F	0.03%
MSA	D	0.03%
XPO	D	0.03%
CVLT	B	0.03%
VSH	F	0.03%
JHG	B	0.03%
ASO	C	0.03%
OMF	D	0.03%
APG	D	0.03%
GMS	D	0.03%
AROC	D	0.03%
CPNG	B	0.03%
DDS	F	0.03%
JWN	C	0.03%
OI	D	0.03%
LEG	D	0.02%
TTEK	C	0.02%
VFC	C	0.02%
APOG	B	0.02%
NWL	C	0.02%
HNI	C	0.02%
LXP	B	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%
GES	F	0.02%
XRX	D	0.02%
CC	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	D	0.02%
GWRE	A	0.02%
LBRDK	F	0.02%
XHR	B	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%
NSP	F	0.02%
VSTO	C	0.02%
PSN	B	0.02%
WMS	D	0.02%
FLS	D	0.02%
RLJ	D	0.02%
PFSI	C	0.02%
GEF	D	0.02%
HAE	F	0.02%
GMED	D	0.02%
SKX	D	0.02%
AIR	C	0.02%
KMPR	D	0.02%
LNW	B	0.02%
ORA	C	0.02%
COHR	C	0.02%
CXW	F	0.02%
PLXS	A	0.02%
APAM	C	0.02%
AXTA	B	0.02%
TDC	F	0.02%
PNM	B	0.02%
FAF	B	0.02%
WERN	D	0.02%
EXEL	C	0.02%
DRH	C	0.02%
PINC	C	0.02%
LZB	C	0.02%
MASI	F	0.02%
VNT	F	0.02%
SHO	C	0.02%
STC	B	0.02%
HOG	C	0.02%
BKE	B	0.02%
ADNT	F	0.02%
UNF	C	0.02%
RYN	C	0.02%
NVT	D	0.02%
THS	C	0.02%
MATX	B	0.02%
AAP	F	0.01%
SCHL	D	0.01%
SCL	D	0.01%
ARCH	F	0.01%
JAZZ	D	0.01%
LYFT	D	0.01%
CACC	F	0.01%
KALU	F	0.01%
UAL	C	0.01%
SCCO	D	0.01%
SWN	D	0.01%
ECPG	D	0.01%
MKSI	F	0.01%
WGO	D	0.01%
TPR	C	0.01%
UVV	D	0.01%
ESI	D	0.01%
HELE	D	0.01%
HPP	D	0.01%
HUN	D	0.01%
MTDR	F	0.01%
MLKN	D	0.01%
SWX	C	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%
SIGI	D	0.01%
ARCB	D	0.01%
CENTA	F	0.01%
JBGS	C	0.01%
FLR	D	0.01%
AMED	C	0.01%
FHN	D	0.01%
FELE	C	0.01%
DTM	B	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%
CBRL	D	0.01%
CSGS	C	0.01%
SAIC	C	0.01%
STRA	F	0.01%
SF	A	0.01%
TTMI	D	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	B	0.01%
AMWD	D	0.01%
WBS	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%
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%
CWEN	C	0.01%
SNV	C	0.01%
BHE	D	0.01%
DAN	F	0.01%
OLLI	C	0.01%
PTEN	F	0.01%
ESNT	B	0.01%
FYBR	C	0.01%
PHIN	B	0.01%
SCS	D	0.01%
DNOW	D	0.01%
WAL	B	0.01%
SATS	C	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 194 Positions Relative to EUSA

Symbol	Grade	Weight
PODD	B	-0.21%
SOLV	C	-0.2%
ROKU	C	-0.2%
GEV	B	-0.2%
VEEV	C	-0.19%
VRT	C	-0.19%
FI	A	-0.19%
DAL	C	-0.19%
RBLX	B	-0.19%
ZM	C	-0.19%
MDB	D	-0.19%
COO	B	-0.19%
IOT	B	-0.19%
REG	C	-0.18%
CSGP	D	-0.18%
DE	B	-0.18%
CNH	D	-0.18%
MSTR	D	-0.18%
MELI	B	-0.18%
ATO	B	-0.18%
XEL	B	-0.18%
CBRE	A	-0.18%
NEE	C	-0.18%
PCG	C	-0.18%
PAYC	D	-0.18%
VICI	C	-0.18%
WDAY	D	-0.18%
MRVL	C	-0.18%
NI	B	-0.18%
ALLE	B	-0.18%
KIM	C	-0.18%
MAA	B	-0.18%
AEP	C	-0.18%
LUV	C	-0.18%
TRU	B	-0.18%
AVB	B	-0.18%
FLUT	B	-0.18%
ARE	C	-0.18%
CCI	C	-0.18%
KVUE	C	-0.18%
AMT	C	-0.18%
SYK	C	-0.18%
WY	C	-0.18%
DHI	B	-0.18%
KEYS	C	-0.18%
EQR	B	-0.18%
DAY	D	-0.18%
FBIN	B	-0.18%
CNP	C	-0.18%
WBD	D	-0.18%
DKNG	C	-0.18%
ETR	B	-0.18%
Z	B	-0.18%
ACGL	C	-0.18%
ESS	B	-0.18%
PLTR	B	-0.18%
VTR	C	-0.18%
TOST	C	-0.18%
EXAS	C	-0.18%
FDX	C	-0.17%
DOCU	C	-0.17%
TMO	B	-0.17%
SQ	D	-0.17%
STX	C	-0.17%
BSY	D	-0.17%
EQT	D	-0.17%
VLTO	C	-0.17%
LIN	B	-0.17%
WTRG	D	-0.17%
LKQ	F	-0.17%
WCN	D	-0.17%
ABNB	D	-0.17%
DIS	D	-0.17%
COR	D	-0.17%
EPAM	F	-0.17%
CHK	D	-0.17%
AME	C	-0.17%
ADI	C	-0.17%
HUBS	D	-0.17%
DT	C	-0.17%
HON	D	-0.17%
CBOE	C	-0.17%
RTX	C	-0.17%
TRMB	C	-0.17%
AEE	C	-0.17%
ISRG	B	-0.17%
MSFT	C	-0.17%
SNA	C	-0.17%
EXPE	C	-0.17%
NLY	B	-0.17%
AMCR	B	-0.17%
EIX	C	-0.17%
AXON	B	-0.17%
BIO	C	-0.17%
LULU	D	-0.17%
LYV	B	-0.17%
EG	C	-0.17%
RF	B	-0.17%
RVTY	B	-0.17%
SRE	C	-0.17%
RIVN	F	-0.17%
NSC	C	-0.17%
CTSH	C	-0.17%
ES	C	-0.17%
BLK	B	-0.17%
PPL	C	-0.17%
FE	C	-0.17%
CRH	B	-0.17%
SSNC	B	-0.17%
TDY	B	-0.17%
O	C	-0.17%
BG	D	-0.17%
DTE	C	-0.17%
UNH	C	-0.17%
D	C	-0.17%
TECH	C	-0.17%
WYNN	D	-0.17%
GPN	D	-0.17%
WEC	C	-0.17%
JCI	B	-0.17%
FTV	C	-0.17%
APD	B	-0.17%
TTD	B	-0.17%
FSLR	C	-0.17%
ALB	D	-0.17%
ABT	C	-0.17%
CMS	C	-0.17%
SO	B	-0.17%
STT	A	-0.17%
DOC	C	-0.17%
PLD	C	-0.17%
SWK	B	-0.17%
TSLA	C	-0.17%
AZPN	B	-0.17%
MDT	C	-0.17%
SW	B	-0.17%
LNT	B	-0.17%
AWK	B	-0.17%
ED	C	-0.17%
TEAM	D	-0.17%
TT	B	-0.17%
GEN	B	-0.17%
MGM	F	-0.16%
ENPH	D	-0.16%
FERG	D	-0.16%
HES	F	-0.16%
DDOG	D	-0.16%
ON	D	-0.16%
ALNY	C	-0.16%
ZBH	F	-0.16%
CDNS	D	-0.16%
FWONK	C	-0.16%
DXCM	F	-0.16%
MTCH	C	-0.16%
NET	D	-0.16%
SWKS	D	-0.16%
LH	C	-0.16%
CNC	D	-0.16%
J	C	-0.16%
MCHP	F	-0.16%
WLK	D	-0.16%
ILMN	C	-0.16%
IQV	C	-0.16%
CRWD	D	-0.16%
AMD	D	-0.16%
TEL	D	-0.16%
ZBRA	B	-0.16%
LNG	C	-0.16%
TWLO	D	-0.16%
PYPL	B	-0.16%
KMX	D	-0.16%
MS	D	-0.16%
GRMN	D	-0.16%
EW	F	-0.16%
APTV	D	-0.16%
CRL	F	-0.16%
CF	C	-0.16%
ROK	D	-0.16%
TPL	B	-0.16%
SNPS	D	-0.15%
DVN	F	-0.15%
OXY	F	-0.15%
NXPI	F	-0.15%
HUM	F	-0.15%
BA	F	-0.15%
OVV	F	-0.15%
EL	F	-0.15%
CELH	F	-0.14%
APA	F	-0.14%
SNOW	F	-0.14%
ZS	F	-0.14%
MRNA	F	-0.13%
GOOG	D	-0.08%
FOX	B	-0.06%