MFUS vs. FAB ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to First Trust Multi Cap Value AlphaDEX Fund (FAB)

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

$49.94

Average Daily Volume

7,919

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$83.38

Average Daily Volume

3,831

Number of Holdings ^*

660

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FAB
30 Days	0.78%	-0.83%
60 Days	6.77%	3.35%
90 Days	5.67%	7.97%
12 Months	34.60%	25.99%

371 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in FAB	Overlap
AAP	F	0.01%	0.03%	0.01%
ABG	F	0.07%	0.18%	0.07%
ABM	D	0.04%	0.1%	0.04%
ADM	F	0.25%	0.42%	0.25%
ADNT	D	0.03%	0.11%	0.03%
AEO	C	0.09%	0.14%	0.09%
AEP	C	0.09%	0.39%	0.09%
AFL	A	0.22%	0.3%	0.22%
AGCO	D	0.02%	0.21%	0.02%
AGNC	C	0.04%	0.14%	0.04%
AIG	F	0.34%	0.33%	0.33%
AIZ	B	0.08%	0.1%	0.08%
ALEX	D	0.01%	0.05%	0.01%
ALLY	F	0.05%	0.15%	0.05%
AMG	B	0.06%	0.23%	0.06%
AMKR	F	0.03%	0.06%	0.03%
AN	D	0.07%	0.19%	0.07%
ANDE	D	0.02%	0.1%	0.02%
APAM	C	0.03%	0.02%	0.02%
APOG	C	0.02%	0.08%	0.02%
AR	B	0.04%	0.04%	0.04%
ARCH	D	0.01%	0.11%	0.01%
ARW	C	0.05%	0.18%	0.05%
ASO	D	0.04%	0.23%	0.04%
ATO	A	0.02%	0.4%	0.02%
AVA	D	0.03%	0.13%	0.03%
AVT	C	0.04%	0.17%	0.04%
AYI	A	0.08%	0.09%	0.08%
BAC	D	0.39%	0.24%	0.24%
BBWI	F	0.01%	0.1%	0.01%
BBY	C	0.23%	0.3%	0.23%
BC	D	0.06%	0.14%	0.06%
BCC	C	0.07%	0.2%	0.07%
BDC	B	0.04%	0.06%	0.04%
BEN	F	0.02%	0.31%	0.02%
BERY	C	0.06%	0.15%	0.06%
BHF	F	0.04%	0.04%	0.04%
BIIB	F	0.08%	0.07%	0.07%
BJ	C	0.03%	0.04%	0.03%
BKE	D	0.03%	0.08%	0.03%
BKR	B	0.07%	0.25%	0.07%
BKU	D	0.03%	0.12%	0.03%
BLK	A	0.17%	0.1%	0.1%
BRK.A	C	2.37%	0.47%	0.47%
BTU	B	0.05%	0.24%	0.05%
BWA	C	0.01%	0.19%	0.01%
C	C	0.63%	0.24%	0.24%
CACI	A	0.09%	0.05%	0.05%
CADE	D	0.01%	0.18%	0.01%
CAG	D	0.05%	0.38%	0.05%
CALM	A	0.07%	0.12%	0.07%
CB	B	0.17%	0.38%	0.17%
CBRE	B	0.05%	0.11%	0.05%
CCK	C	0.06%	0.05%	0.05%
CE	C	0.04%	0.43%	0.04%
CENTA	F	0.01%	0.09%	0.01%
CFG	D	0.03%	0.38%	0.03%
CHTR	D	0.25%	0.27%	0.25%
CI	D	0.15%	0.09%	0.09%
CINF	A	0.02%	0.48%	0.02%
CLF	F	0.01%	0.17%	0.01%
CMA	C	0.04%	0.1%	0.04%
CMC	D	0.05%	0.17%	0.05%
CMCSA	C	0.16%	0.45%	0.16%
CMI	A	0.13%	0.1%	0.1%
CMS	A	0.03%	0.29%	0.03%
CNC	F	0.06%	0.38%	0.06%
CNO	C	0.04%	0.12%	0.04%
CNX	A	0.06%	0.15%	0.06%
CNXN	C	0.01%	0.06%	0.01%
COF	C	0.24%	0.36%	0.24%
COOP	B	0.05%	0.19%	0.05%
COP	D	0.07%	0.38%	0.07%
CPB	D	0.05%	0.18%	0.05%
CRBG	C	0.04%	0.24%	0.04%
CRI	D	0.06%	0.1%	0.06%
CROX	C	0.02%	0.08%	0.02%
CRUS	D	0.04%	0.04%	0.04%
CSCO	A	0.61%	0.19%	0.19%
CSGS	C	0.01%	0.06%	0.01%
CTVA	A	0.04%	0.09%	0.04%
CVI	D	0.01%	0.18%	0.01%
CVS	C	0.71%	0.44%	0.44%
CVX	B	0.36%	0.39%	0.36%
CWEN	C	0.02%	0.03%	0.02%
CXW	F	0.02%	0.12%	0.02%
D	A	0.07%	0.29%	0.07%
DAN	D	0.02%	0.09%	0.02%
DD	C	0.11%	0.09%	0.09%
DDS	D	0.03%	0.11%	0.03%
DEI	A	0.01%	0.06%	0.01%
DG	F	0.1%	0.05%	0.05%
DGX	C	0.09%	0.28%	0.09%
DHI	C	0.07%	0.57%	0.07%
DINO	D	0.01%	0.18%	0.01%
DK	F	0.03%	0.02%	0.02%
DKS	D	0.09%	0.08%	0.08%
DNOW	F	0.02%	0.11%	0.02%
DORM	D	0.02%	0.06%	0.02%
DOV	B	0.02%	0.18%	0.02%
DOW	B	0.02%	0.17%	0.02%
DTE	A	0.02%	0.28%	0.02%
DTM	A	0.01%	0.09%	0.01%
DUK	B	0.14%	0.28%	0.14%
DXC	B	0.01%	0.18%	0.01%
EBAY	A	0.38%	0.4%	0.38%
ED	A	0.06%	0.39%	0.06%
EHC	B	0.09%	0.05%	0.05%
EIX	B	0.05%	0.3%	0.05%
ELV	F	0.2%	0.08%	0.08%
EMN	C	0.04%	0.14%	0.04%
EPC	F	0.02%	0.09%	0.02%
EQR	C	0.04%	0.26%	0.04%
ESNT	C	0.01%	0.23%	0.01%
ETR	A	0.04%	0.51%	0.04%
EVRG	C	0.02%	0.19%	0.02%
EWBC	D	0.02%	0.14%	0.02%
EXC	A	0.07%	0.49%	0.07%
EXPD	D	0.09%	0.08%	0.08%
F	D	0.15%	0.36%	0.15%
FAF	C	0.02%	0.1%	0.02%
FANG	C	0.05%	0.36%	0.05%
FDP	C	0.01%	0.03%	0.01%
FE	C	0.03%	0.28%	0.03%
FHI	C	0.03%	0.08%	0.03%
FHN	D	0.01%	0.12%	0.01%
FITB	C	0.04%	0.29%	0.04%
FNF	B	0.03%	0.21%	0.03%
FOXA	A	0.1%	0.51%	0.1%
FYBR	C	0.01%	0.23%	0.01%
G	A	0.05%	0.2%	0.05%
GAP	F	0.05%	0.11%	0.05%
GD	C	0.24%	0.08%	0.08%
GEF	D	0.02%	0.13%	0.02%
GEO	D	0.03%	0.06%	0.03%
GES	F	0.02%	0.12%	0.02%
GHC	C	0.02%	0.14%	0.02%
GIS	C	0.2%	0.29%	0.2%
GM	D	0.32%	0.42%	0.32%
GMS	C	0.03%	0.19%	0.03%
GNW	C	0.03%	0.03%	0.03%
GPI	C	0.09%	0.27%	0.09%
GS	D	0.35%	0.18%	0.18%
GT	F	0.01%	0.1%	0.01%
HBAN	D	0.03%	0.37%	0.03%
HCA	C	0.3%	0.21%	0.21%
HE	F	0.01%	0.13%	0.01%
HIG	B	0.06%	0.39%	0.06%
HII	F	0.03%	0.13%	0.03%
HLI	B	0.07%	0.05%	0.05%
HNI	C	0.02%	0.03%	0.02%
HOG	D	0.03%	0.24%	0.03%
HP	F	0.02%	0.17%	0.02%
HPE	B	0.1%	0.4%	0.1%
HPQ	C	0.29%	0.17%	0.17%
HRL	F	0.02%	0.17%	0.02%
HSIC	D	0.03%	0.05%	0.03%
HSY	F	0.06%	0.18%	0.06%
HTH	F	0.01%	0.05%	0.01%
HUBG	D	0.04%	0.1%	0.04%
ICUI	B	0.01%	0.07%	0.01%
IMKTA	F	0.01%	0.13%	0.01%
INCY	B	0.01%	0.27%	0.01%
INTC	D	0.19%	0.19%	0.19%
IP	C	0.08%	0.05%	0.05%
IPG	D	0.04%	0.36%	0.04%
IVZ	B	0.03%	0.05%	0.03%
JBGS	C	0.01%	0.03%	0.01%
JBHT	D	0.02%	0.26%	0.02%
JBL	D	0.03%	0.28%	0.03%
JCI	C	0.06%	0.09%	0.06%
JEF	A	0.02%	0.05%	0.02%
JELD	D	0.01%	0.08%	0.01%
JLL	C	0.06%	0.05%	0.05%
JNJ	D	1.28%	0.18%	0.18%
JXN	A	0.09%	0.25%	0.09%
K	A	0.15%	0.11%	0.11%
KALU	D	0.01%	0.04%	0.01%
KBH	C	0.04%	0.25%	0.04%
KDP	C	0.08%	0.19%	0.08%
KEX	C	0.02%	0.04%	0.02%
KEY	C	0.02%	0.2%	0.02%
KHC	F	0.16%	0.37%	0.16%
KIM	C	0.02%	0.2%	0.02%
KMB	D	0.18%	0.08%	0.08%
KMI	A	0.09%	0.37%	0.09%
KN	D	0.01%	0.07%	0.01%
KNX	D	0.01%	0.13%	0.01%
KR	C	0.37%	0.28%	0.28%
KSS	D	0.03%	0.11%	0.03%
L	D	0.06%	0.35%	0.06%
LAD	C	0.02%	0.26%	0.02%
LANC	F	0.04%	0.04%	0.04%
LBRDK	B	0.02%	0.29%	0.02%
LEA	F	0.01%	0.16%	0.01%
LEN	B	0.07%	0.52%	0.07%
LHX	A	0.23%	0.09%	0.09%
LMT	A	0.82%	0.21%	0.21%
LNC	D	0.03%	0.17%	0.03%
LNT	A	0.02%	0.1%	0.02%
LOW	A	0.34%	0.2%	0.2%
LPX	C	0.08%	0.11%	0.08%
LSTR	F	0.09%	0.04%	0.04%
LXP	D	0.02%	0.03%	0.02%
LYB	F	0.18%	0.34%	0.18%
LZB	D	0.03%	0.14%	0.03%
M	F	0.02%	0.1%	0.02%
MAA	D	0.02%	0.09%	0.02%
MATX	C	0.03%	0.18%	0.03%
MCY	B	0.02%	0.06%	0.02%
MDLZ	D	0.26%	0.09%	0.09%
MDU	C	0.03%	0.18%	0.03%
MHO	C	0.05%	0.29%	0.05%
MKC	C	0.06%	0.1%	0.06%
MLI	B	0.07%	0.16%	0.07%
MLKN	F	0.01%	0.06%	0.01%
MMS	C	0.06%	0.04%	0.04%
MOS	F	0.01%	0.19%	0.01%
MPC	C	0.36%	0.39%	0.36%
MS	B	0.18%	0.18%	0.18%
MTB	C	0.03%	0.39%	0.03%
MTG	B	0.03%	0.24%	0.03%
MTH	C	0.07%	0.26%	0.07%
MUR	F	0.01%	0.17%	0.01%
NAVI	F	0.02%	0.1%	0.02%
NEE	A	0.25%	0.2%	0.2%
NFG	A	0.05%	0.18%	0.05%
NI	A	0.02%	0.15%	0.02%
NKE	D	0.07%	0.1%	0.07%
NNI	C	0.01%	0.03%	0.01%
NOV	F	0.01%	0.17%	0.01%
NRG	A	0.07%	0.15%	0.07%
NUE	D	0.08%	0.4%	0.08%
NXST	F	0.05%	0.12%	0.05%
OC	C	0.02%	0.34%	0.02%
ODP	F	0.02%	0.07%	0.02%
OGN	F	0.05%	0.15%	0.05%
OI	D	0.03%	0.08%	0.03%
OKE	A	0.09%	0.19%	0.09%
OLN	C	0.04%	0.13%	0.04%
OMC	C	0.06%	0.19%	0.06%
OMF	F	0.02%	0.12%	0.02%
OMI	F	0.01%	0.08%	0.01%
ONB	D	0.01%	0.13%	0.01%
OSK	F	0.03%	0.15%	0.03%
PAG	D	0.02%	0.14%	0.02%
PARA	F	0.01%	0.04%	0.01%
PB	D	0.01%	0.1%	0.01%
PBF	F	0.02%	0.14%	0.02%
PDCO	F	0.02%	0.09%	0.02%
PEG	A	0.06%	0.2%	0.06%
PFG	C	0.01%	0.09%	0.01%
PHIN	C	0.02%	0.14%	0.02%
PKG	B	0.07%	0.2%	0.07%
PLXS	B	0.03%	0.03%	0.03%
PNC	C	0.11%	0.2%	0.11%
PNM	B	0.02%	0.08%	0.02%
PNW	B	0.01%	0.19%	0.01%
POOL	B	0.07%	0.1%	0.07%
PPG	D	0.05%	0.18%	0.05%
PRG	C	0.03%	0.17%	0.03%
PRIM	C	0.03%	0.06%	0.03%
PRU	C	0.23%	0.08%	0.08%
PSMT	C	0.01%	0.05%	0.01%
PSX	D	0.23%	0.39%	0.23%
PTEN	F	0.01%	0.15%	0.01%
PVH	F	0.02%	0.2%	0.02%
PYPL	C	0.11%	0.22%	0.11%
QCOM	D	0.8%	0.07%	0.07%
R	C	0.07%	0.19%	0.07%
RDN	D	0.01%	0.23%	0.01%
REGN	D	0.49%	0.08%	0.08%
REZI	D	0.01%	0.1%	0.01%
RF	C	0.01%	0.28%	0.01%
RGA	C	0.06%	0.04%	0.04%
RHI	D	0.02%	0.04%	0.02%
RLJ	D	0.02%	0.12%	0.02%
RRC	C	0.02%	0.11%	0.02%
RS	D	0.04%	0.34%	0.04%
RUSHA	D	0.03%	0.26%	0.03%
RYN	C	0.03%	0.09%	0.03%
SAH	D	0.01%	0.1%	0.01%
SAIC	A	0.01%	0.1%	0.01%
SANM	D	0.03%	0.13%	0.03%
SBH	C	0.02%	0.12%	0.02%
SCL	D	0.01%	0.02%	0.01%
SEB	F	0.05%	0.21%	0.05%
SEE	D	0.06%	0.04%	0.04%
SEIC	B	0.07%	0.09%	0.07%
SEM	D	0.03%	0.04%	0.03%
SHOO	C	0.03%	0.03%	0.03%
SIG	D	0.04%	0.23%	0.04%
SIGI	D	0.01%	0.04%	0.01%
SJM	D	0.04%	0.37%	0.04%
SKX	D	0.02%	0.08%	0.02%
SLGN	C	0.05%	0.1%	0.05%
SLM	C	0.05%	0.09%	0.05%
SLVM	C	0.04%	0.09%	0.04%
SM	C	0.03%	0.19%	0.03%
SNDR	C	0.02%	0.11%	0.02%
SNV	D	0.01%	0.05%	0.01%
SON	D	0.04%	0.13%	0.04%
SPB	C	0.01%	0.13%	0.01%
SR	C	0.01%	0.13%	0.01%
SRE	B	0.08%	0.27%	0.08%
SSB	C	0.01%	0.1%	0.01%
SSNC	C	0.02%	0.2%	0.02%
STC	C	0.03%	0.03%	0.03%
STLD	B	0.04%	0.41%	0.04%
STRA	F	0.01%	0.04%	0.01%
SWX	C	0.01%	0.09%	0.01%
SYF	B	0.24%	0.44%	0.24%
SYY	C	0.13%	0.09%	0.09%
T	A	0.74%	0.48%	0.48%
TAP	D	0.08%	0.23%	0.08%
TEX	F	0.05%	0.2%	0.05%
TFX	C	0.03%	0.05%	0.03%
TGNA	C	0.04%	0.13%	0.04%
TGT	D	0.77%	0.18%	0.18%
THC	D	0.29%	0.2%	0.2%
THO	C	0.07%	0.15%	0.07%
THS	D	0.03%	0.03%	0.03%
TKR	D	0.04%	0.13%	0.04%
TMHC	C	0.09%	0.26%	0.09%
TPH	C	0.06%	0.2%	0.06%
TRGP	A	0.09%	0.09%	0.09%
TROW	D	0.08%	0.32%	0.08%
TRV	C	0.2%	0.19%	0.19%
TSCO	B	0.12%	0.09%	0.09%
TSN	D	0.16%	0.09%	0.09%
UAL	B	0.01%	0.5%	0.01%
UFPI	C	0.07%	0.15%	0.07%
UGI	C	0.01%	0.09%	0.01%
UHAL	B	0.04%	0.4%	0.04%
UHAL	B	0.01%	0.4%	0.01%
UHS	D	0.07%	0.21%	0.07%
UNF	A	0.03%	0.08%	0.03%
UNM	A	0.04%	0.19%	0.04%
UPS	D	0.25%	0.16%	0.16%
URBN	F	0.05%	0.15%	0.05%
USB	D	0.1%	0.28%	0.1%
USFD	C	0.05%	0.05%	0.05%
UTHR	C	0.18%	0.14%	0.14%
UVV	D	0.01%	0.13%	0.01%
VLO	F	0.16%	0.36%	0.16%
VNO	B	0.07%	0.06%	0.06%
VSCO	C	0.02%	0.1%	0.02%
VSH	F	0.02%	0.1%	0.02%
VTR	C	0.04%	0.1%	0.04%
VTRS	D	0.13%	0.36%	0.13%
VZ	B	1.11%	0.36%	0.36%
WAFD	D	0.01%	0.06%	0.01%
WAL	C	0.02%	0.17%	0.02%
WBS	D	0.01%	0.18%	0.01%
WCC	D	0.07%	0.13%	0.07%
WERN	D	0.02%	0.1%	0.02%
WFC	F	0.73%	0.32%	0.32%
WGO	D	0.01%	0.1%	0.01%
WHR	C	0.03%	0.09%	0.03%
WMK	D	0.01%	0.13%	0.01%
WMT	A	1.68%	0.1%	0.1%
WOR	F	0.01%	0.02%	0.01%
WPC	C	0.03%	0.28%	0.03%
WRB	C	0.02%	0.18%	0.02%
WTFC	C	0.01%	0.13%	0.01%
WTM	C	0.04%	0.19%	0.04%
WU	D	0.07%	0.12%	0.07%
XHR	C	0.02%	0.05%	0.02%
XOM	A	0.42%	0.34%	0.34%
XRX	D	0.01%	0.02%	0.01%
ZION	D	0.01%	0.09%	0.01%

MFUS Overweight 438 Positions Relative to FAB

Symbol	Grade	Weight
LLY	D	2.87%
META	A	2.37%
AVGO	C	1.68%
NVDA	B	1.64%
AMZN	C	1.6%
ABBV	A	1.56%
ORCL	C	1.38%
COST	C	1.36%
KO	C	1.16%
IBM	A	1.14%
PG	D	1.04%
AMGN	D	1.01%
MRK	F	1.0%
AAPL	C	0.97%
JPM	D	0.88%
PM	D	0.83%
UNH	B	0.79%
GILD	A	0.79%
PEP	F	0.77%
MO	D	0.66%
PFE	D	0.64%
MMM	C	0.63%
GE	C	0.61%
HD	A	0.6%
PGR	C	0.6%
AMAT	B	0.59%
MCD	A	0.55%
UNP	D	0.54%
MCK	F	0.5%
NFLX	B	0.46%
CL	D	0.41%
TJX	D	0.38%
TMUS	A	0.38%
NOC	B	0.38%
BMY	B	0.36%
BKNG	C	0.36%
TMO	D	0.33%
MET	B	0.32%
NOW	C	0.31%
TXN	C	0.3%
ICE	A	0.3%
AZO	D	0.29%
DHR	D	0.28%
KLAC	B	0.28%
V	C	0.28%
MA	A	0.27%
SPGI	B	0.27%
ALL	C	0.26%
WM	B	0.26%
ANF	F	0.24%
CAH	B	0.24%
RTX	A	0.23%
UBER	C	0.23%
AON	B	0.23%
ISRG	C	0.23%
ACN	B	0.23%
NEM	C	0.22%
LII	C	0.22%
PANW	D	0.22%
VRTX	D	0.22%
SHW	B	0.22%
VST	B	0.21%
FICO	A	0.21%
WSM	B	0.21%
AXP	B	0.21%
BSX	A	0.2%
WSO	C	0.2%
SFM	A	0.2%
CAT	A	0.2%
CMG	C	0.2%
CTAS	C	0.19%
LRCX	D	0.19%
MMC	D	0.19%
GWW	B	0.19%
GLW	C	0.19%
ORLY	A	0.19%
MSI	A	0.18%
TDG	B	0.17%
RMD	C	0.17%
BK	C	0.17%
VRSK	C	0.17%
DVA	C	0.17%
SPG	A	0.16%
BR	B	0.16%
EA	D	0.16%
AMT	C	0.16%
DECK	B	0.15%
HWM	A	0.15%
CASY	D	0.15%
MUSA	D	0.15%
BAH	A	0.15%
MU	D	0.15%
AJG	D	0.14%
KKR	C	0.14%
CHRW	C	0.14%
CME	A	0.14%
SMCI	F	0.14%
ANET	A	0.14%
IT	B	0.14%
PLTR	A	0.14%
EXR	C	0.13%
EFX	C	0.13%
CEG	A	0.13%
DPZ	D	0.13%
RSG	C	0.13%
PH	B	0.13%
SO	A	0.13%
JNPR	B	0.13%
XYL	C	0.12%
MCO	D	0.12%
YUM	B	0.12%
RPM	B	0.12%
BDX	C	0.12%
AMP	A	0.12%
CLX	C	0.12%
IRM	A	0.12%
PHM	A	0.11%
CSX	D	0.11%
LDOS	A	0.11%
BX	C	0.11%
EVR	C	0.11%
WBA	F	0.11%
FAST	C	0.11%
PWR	B	0.11%
APH	D	0.11%
BRO	A	0.11%
WELL	C	0.11%
MPWR	B	0.1%
AOS	B	0.1%
CW	A	0.1%
NVR	C	0.1%
MTD	B	0.1%
ITW	B	0.1%
WTW	C	0.1%
NTAP	D	0.1%
CRS	C	0.1%
AVY	D	0.1%
JKHY	A	0.1%
PSA	C	0.1%
ADP	A	0.1%
GDDY	D	0.1%
ALSN	A	0.09%
URI	C	0.09%
HLT	B	0.09%
DASH	C	0.09%
SBUX	C	0.09%
BWXT	A	0.09%
ATR	A	0.08%
OTIS	A	0.08%
EQH	C	0.08%
SLG	C	0.08%
TFC	D	0.08%
TYL	B	0.08%
CCI	C	0.08%
CPRT	C	0.08%
BALL	C	0.08%
ADSK	C	0.08%
RCL	C	0.08%
STE	D	0.08%
GEHC	C	0.08%
IEX	D	0.08%
HRB	C	0.08%
DFS	C	0.08%
WDC	C	0.08%
DLR	C	0.08%
ARES	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
IR	B	0.08%
WMB	A	0.08%
ECL	B	0.08%
NSC	D	0.07%
NSIT	B	0.07%
MLM	F	0.07%
CHD	D	0.07%
TTC	D	0.07%
ROL	C	0.07%
HCC	B	0.07%
ALNY	C	0.07%
MNST	D	0.07%
GLPI	A	0.07%
FIS	B	0.07%
EMR	B	0.07%
ZTS	C	0.06%
TXRH	C	0.06%
FFIV	B	0.06%
STZ	D	0.06%
COIN	F	0.06%
FTNT	B	0.06%
ERIE	B	0.06%
IDXX	D	0.06%
PK	D	0.06%
CPT	C	0.06%
O	A	0.06%
MSCI	B	0.06%
FCN	C	0.06%
TTWO	F	0.06%
CHE	C	0.06%
SCI	D	0.06%
ROP	C	0.06%
MSM	D	0.06%
INGR	B	0.06%
EXP	B	0.06%
MAS	A	0.06%
TOL	A	0.06%
NDSN	C	0.05%
CUBE	C	0.05%
NDAQ	B	0.05%
IBKR	A	0.05%
VLTO	A	0.05%
HBI	C	0.05%
GNRC	B	0.05%
SQ	D	0.05%
ATI	C	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
ANSS	D	0.05%
WAT	B	0.05%
BAX	D	0.05%
LPLA	C	0.05%
WAB	A	0.05%
LUMN	C	0.05%
WEN	D	0.05%
MTN	D	0.05%
ATGE	D	0.05%
CBT	C	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
APP	A	0.05%
A	B	0.05%
LECO	F	0.05%
SKYW	C	0.05%
CARR	A	0.05%
LAMR	C	0.05%
TW	A	0.05%
POST	D	0.05%
SUI	D	0.05%
FIX	B	0.05%
TDS	B	0.04%
NYT	C	0.04%
AVTR	D	0.04%
DBRG	D	0.04%
PAYX	A	0.04%
IFF	C	0.04%
BLD	D	0.04%
MANH	C	0.04%
PPL	B	0.04%
TER	C	0.04%
CVLT	C	0.04%
TRN	C	0.04%
CDW	D	0.04%
JHG	B	0.04%
ES	D	0.04%
EXEL	B	0.04%
JWN	D	0.04%
NWSA	D	0.04%
CLH	C	0.04%
ADBE	F	0.04%
FDS	C	0.04%
COLD	D	0.04%
NBIX	F	0.04%
PSTG	F	0.04%
PTC	D	0.04%
EME	C	0.04%
ELS	D	0.04%
MAC	C	0.04%
AMH	D	0.04%
CPNG	C	0.04%
GATX	F	0.04%
FLEX	C	0.04%
INVH	F	0.04%
MAR	B	0.04%
FLO	D	0.04%
AROC	B	0.04%
VRSN	B	0.04%
FTI	B	0.04%
ULTA	D	0.04%
HEI	C	0.04%
SCHW	D	0.04%
SMG	B	0.04%
KD	F	0.04%
LOPE	D	0.04%
RGLD	C	0.04%
FL	F	0.04%
SRCL	A	0.04%
BLDR	B	0.04%
THG	C	0.04%
DCI	C	0.04%
GVA	B	0.04%
WST	D	0.04%
MOG.A	C	0.04%
NTRS	C	0.03%
NEU	F	0.03%
DRH	D	0.03%
LW	D	0.03%
MSA	F	0.03%
HXL	F	0.03%
DELL	C	0.03%
MRO	C	0.03%
COKE	C	0.03%
XRAY	D	0.03%
XPO	F	0.03%
DLTR	F	0.03%
AKAM	D	0.03%
SBAC	C	0.03%
CPAY	A	0.03%
VC	F	0.03%
MASI	B	0.03%
RLI	A	0.03%
DRI	C	0.03%
RL	B	0.03%
COHR	A	0.03%
APLE	D	0.03%
BURL	D	0.03%
UDR	C	0.03%
HOOD	C	0.03%
X	F	0.03%
BFAM	B	0.03%
MC	C	0.03%
WH	C	0.03%
GGG	C	0.03%
AWI	A	0.03%
AVB	C	0.03%
RPRX	D	0.03%
MAN	D	0.03%
GBX	C	0.03%
MORN	C	0.03%
HUBB	B	0.03%
HOLX	D	0.03%
ACM	A	0.03%
DOX	B	0.03%
TPX	C	0.03%
TDC	D	0.02%
BHE	C	0.02%
AXTA	C	0.02%
FR	D	0.02%
ALGN	D	0.02%
TTEK	A	0.02%
APG	F	0.02%
ODFL	F	0.02%
NWL	F	0.02%
VFC	B	0.02%
AES	C	0.02%
SATS	C	0.02%
CSL	A	0.02%
JBLU	B	0.02%
LEG	D	0.02%
PNR	B	0.02%
CCL	C	0.02%
BXP	C	0.02%
OSIS	C	0.02%
ZBRA	C	0.02%
SAM	D	0.02%
ESS	D	0.02%
HST	D	0.02%
LNW	F	0.02%
GWRE	A	0.02%
VVV	F	0.02%
YELP	F	0.02%
PMT	C	0.02%
CC	D	0.02%
BRKR	D	0.02%
NSP	F	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
SXT	C	0.02%
MKTX	B	0.02%
DLB	C	0.02%
OHI	C	0.02%
KBR	B	0.02%
AIR	D	0.02%
HAE	D	0.02%
GMED	D	0.02%
CTLT	A	0.02%
KMPR	D	0.02%
PSN	A	0.02%
PFSI	C	0.02%
WMS	D	0.02%
PINC	F	0.02%
ACA	C	0.02%
ORA	C	0.02%
CG	B	0.02%
HUN	C	0.01%
CACC	F	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
IGT	F	0.01%
ARMK	B	0.01%
ESI	C	0.01%
CFR	D	0.01%
OUT	C	0.01%
CNS	C	0.01%
SVC	F	0.01%
IDCC	A	0.01%
PPC	D	0.01%
RKT	D	0.01%
TPR	C	0.01%
SPR	F	0.01%
SHO	D	0.01%
PECO	C	0.01%
AMED	D	0.01%
FLR	C	0.01%
ESAB	C	0.01%
CBSH	D	0.01%
CNM	F	0.01%
BRC	C	0.01%
FELE	C	0.01%
TTMI	D	0.01%
DY	C	0.01%
CPRI	B	0.01%
VNT	F	0.01%
CR	B	0.01%
SF	A	0.01%
LADR	D	0.01%
WWD	C	0.01%
AMWD	D	0.01%
GME	D	0.01%
GOLF	F	0.01%
MHK	B	0.01%
NNN	A	0.01%
RBC	C	0.01%
IOSP	F	0.01%
TNET	F	0.01%
H	C	0.01%
SLB	D	0.01%
ADC	B	0.01%
AA	B	0.01%
SCS	F	0.01%
LAUR	C	0.01%
BMRN	F	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 290 Positions Relative to FAB

Symbol	Grade	Weight
CF	A	-0.48%
ACGL	A	-0.47%
GPN	F	-0.44%
APTV	D	-0.44%
EG	B	-0.43%
MKL	D	-0.42%
EOG	B	-0.41%
AEE	A	-0.41%
EQT	B	-0.41%
XEL	B	-0.4%
WBD	D	-0.38%
CTSH	B	-0.38%
PCG	C	-0.38%
BG	F	-0.38%
SNA	A	-0.37%
CTRA	D	-0.37%
OXY	F	-0.34%
LNG	A	-0.34%
DVN	F	-0.34%
LKQ	F	-0.33%
WEC	A	-0.3%
ZM	C	-0.29%
STT	C	-0.29%
HAL	D	-0.28%
DE	B	-0.27%
TDY	A	-0.27%
TEL	D	-0.25%
RNR	A	-0.25%
TXT	F	-0.25%
LUV	B	-0.25%
FMC	C	-0.24%
ZBH	F	-0.24%
SWKS	F	-0.23%
CNP	B	-0.23%
COLB	C	-0.22%
ESGR	D	-0.22%
FDX	D	-0.22%
KRC	C	-0.21%
CHK	D	-0.21%
VLY	C	-0.21%
DAR	F	-0.21%
AGO	B	-0.21%
NOG	C	-0.2%
BYD	C	-0.2%
AL	D	-0.2%
WY	C	-0.2%
BKH	C	-0.19%
LBRT	D	-0.19%
MDT	C	-0.19%
OGS	C	-0.19%
MOH	F	-0.19%
APD	C	-0.19%
EPAM	F	-0.18%
POR	D	-0.18%
CNXC	F	-0.17%
OVV	D	-0.17%
OZK	D	-0.17%
MTDR	F	-0.17%
GPC	D	-0.17%
ARE	D	-0.17%
CUZ	C	-0.16%
GL	C	-0.16%
MGY	B	-0.16%
ADTN	C	-0.16%
UAA	B	-0.16%
BZH	C	-0.15%
PNFP	D	-0.15%
CCS	C	-0.15%
ATSG	D	-0.14%
NWE	B	-0.14%
EBC	C	-0.14%
APA	F	-0.14%
ALK	C	-0.14%
AXS	A	-0.14%
INVA	B	-0.14%
BNL	C	-0.14%
OGE	A	-0.14%
NMIH	C	-0.14%
LGIH	C	-0.13%
ALGT	D	-0.13%
FNB	D	-0.13%
ENVA	C	-0.13%
JAZZ	F	-0.13%
CHRD	F	-0.13%
CZR	B	-0.13%
EIG	C	-0.13%
NWN	D	-0.13%
PII	D	-0.13%
FCF	D	-0.12%
HPP	F	-0.12%
STBA	D	-0.12%
EFSC	D	-0.12%
CABO	F	-0.12%
NX	F	-0.12%
KOP	F	-0.12%
HIW	C	-0.12%
RYI	F	-0.12%
JBT	B	-0.12%
GDEN	D	-0.12%
VAL	F	-0.12%
FRME	D	-0.11%
FFBC	D	-0.11%
OLPX	B	-0.11%
CATY	D	-0.11%
SCHL	F	-0.11%
HTZ	F	-0.11%
INDB	D	-0.11%
OCFC	C	-0.11%
IPGP	D	-0.11%
CUBI	F	-0.11%
AAT	C	-0.11%
RC	F	-0.11%
ASH	F	-0.11%
MIDD	D	-0.1%
IAC	D	-0.1%
LILAK	D	-0.1%
USM	C	-0.1%
PRDO	D	-0.1%
IBOC	D	-0.1%
PFBC	D	-0.1%
ABCB	C	-0.1%
DNB	D	-0.1%
CRK	B	-0.1%
UMBF	C	-0.1%
ABR	C	-0.1%
REVG	D	-0.1%
KVUE	C	-0.1%
ATKR	F	-0.1%
SNX	D	-0.09%
VBTX	C	-0.09%
COLM	D	-0.09%
MSGE	B	-0.09%
HWC	D	-0.09%
MATW	F	-0.09%
ASGN	D	-0.09%
SSTK	F	-0.09%
ABT	C	-0.09%
SASR	C	-0.09%
NJR	C	-0.09%
J	F	-0.09%
FBNC	D	-0.09%
AWK	C	-0.09%
IDA	D	-0.09%
PATK	B	-0.09%
CENX	C	-0.09%
REYN	D	-0.09%
CRC	B	-0.09%
HOMB	D	-0.09%
UBSI	D	-0.09%
BOKF	D	-0.09%
PEBO	F	-0.09%
ORI	B	-0.09%
OMCL	C	-0.08%
AX	D	-0.08%
ADV	F	-0.08%
FIBK	D	-0.08%
FHB	D	-0.08%
CBRL	D	-0.08%
HGV	F	-0.08%
KMT	D	-0.08%
BXC	D	-0.08%
CTOS	F	-0.08%
AMN	F	-0.08%
TALO	F	-0.08%
NWBI	D	-0.08%
BECN	D	-0.08%
RJF	B	-0.08%
CASH	D	-0.08%
HOPE	D	-0.08%
LGND	D	-0.08%
ENS	D	-0.08%
MCRI	C	-0.08%
PRGO	F	-0.08%
BANR	C	-0.08%
OFG	D	-0.08%
PARR	F	-0.08%
SFNC	C	-0.08%
WLK	C	-0.08%
TOWN	D	-0.08%
WTRG	D	-0.08%
RIG	F	-0.07%
CHGG	F	-0.07%
MRTN	F	-0.07%
MODG	F	-0.07%
KOS	F	-0.07%
HTLD	F	-0.07%
CAR	F	-0.07%
HUM	F	-0.07%
ARCB	F	-0.07%
EQC	D	-0.07%
CMCO	D	-0.07%
NMRK	B	-0.07%
RNST	D	-0.07%
ECVT	F	-0.07%
WSBC	D	-0.07%
NBHC	D	-0.07%
SJW	D	-0.07%
WSFS	D	-0.07%
LCII	C	-0.06%
CPK	C	-0.06%
VCTR	A	-0.06%
GTY	C	-0.06%
OEC	F	-0.06%
SKY	B	-0.06%
ROIC	C	-0.06%
VAC	D	-0.06%
DIOD	F	-0.06%
ZD	D	-0.06%
HELE	D	-0.06%
PLUS	C	-0.06%
VRTS	F	-0.06%
AFG	B	-0.05%
VOYA	A	-0.05%
BPOP	D	-0.05%
BXMT	C	-0.05%
PCH	C	-0.05%
TRS	D	-0.05%
AVNT	C	-0.05%
LNN	C	-0.05%
MAT	D	-0.05%
PCRX	D	-0.05%
PTVE	D	-0.05%
CVBF	B	-0.05%
NVST	D	-0.05%
PBH	D	-0.05%
EAT	A	-0.05%
HLF	F	-0.05%
TRMK	D	-0.05%
FULT	D	-0.05%
BUSE	D	-0.05%
TCBK	D	-0.05%
KLG	D	-0.05%
SRCE	D	-0.05%
DEA	D	-0.05%
SNEX	C	-0.05%
SAFT	D	-0.05%
DFIN	D	-0.05%
CWT	D	-0.05%
GOGO	F	-0.05%
SBCF	D	-0.05%
UCBI	B	-0.05%
AUB	D	-0.05%
NIC	D	-0.05%
NHC	D	-0.05%
TCBI	C	-0.05%
CXT	F	-0.04%
FOXF	F	-0.04%
BLMN	F	-0.04%
KWR	F	-0.04%
SHEN	F	-0.04%
GXO	D	-0.04%
LFUS	D	-0.04%
FUL	F	-0.04%
MTX	D	-0.04%
SUM	F	-0.04%
NEOG	F	-0.04%
PGRE	D	-0.03%
PPBI	D	-0.03%
HMN	C	-0.03%
KFY	C	-0.03%
ADUS	D	-0.03%
NBTB	D	-0.03%
FBP	D	-0.03%
WD	C	-0.03%
BHLB	D	-0.03%
FBK	D	-0.03%
MWA	A	-0.03%
CBU	D	-0.03%
ATUS	B	-0.03%
CVCO	B	-0.03%
BMBL	F	-0.03%
PFS	D	-0.03%
BOOT	C	-0.03%
LTH	C	-0.03%
HI	F	-0.02%
GO	F	-0.02%
OXM	F	-0.02%
ROG	F	-0.02%
CMTG	F	-0.02%
CTS	D	-0.02%
VSAT	F	-0.02%
ENOV	F	-0.02%
THRM	F	-0.02%
KFRC	F	-0.02%
NVEE	F	-0.02%
ASB	F	-0.02%
CAKE	B	-0.02%
AIN	F	-0.02%
OII	C	-0.02%
IART	F	-0.01%