MFUS vs. FDIS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

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

FDIS

Fidelity MSCI Consumer Discretionary Index ETF

FDIS Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Discretionary Index, which represents the performance of the consumer discretionary sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Discretionary Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.67

Average Daily Volume

73,132

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FDIS
30 Days	2.73%	12.12%
60 Days	3.41%	8.73%
90 Days	5.38%	14.49%
12 Months	32.49%	31.52%

117 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in FDIS	Overlap
AAP	C	0.01%	0.06%	0.01%
ABG	B	0.08%	0.11%	0.08%
ADNT	F	0.02%	0.05%	0.02%
AEO	F	0.07%	0.08%	0.07%
AMZN	C	1.65%	23.16%	1.65%
AN	C	0.06%	0.1%	0.06%
ANF	C	0.24%	0.15%	0.15%
ARMK	B	0.01%	0.19%	0.01%
ASO	F	0.03%	0.08%	0.03%
ATGE	B	0.06%	0.09%	0.06%
AZO	C	0.28%	0.89%	0.28%
BBWI	D	0.01%	0.12%	0.01%
BBY	D	0.2%	0.32%	0.2%
BC	C	0.05%	0.12%	0.05%
BFAM	D	0.02%	0.12%	0.02%
BKE	B	0.03%	0.06%	0.03%
BKNG	A	0.42%	2.73%	0.42%
BLD	D	0.03%	0.21%	0.03%
BURL	A	0.03%	0.31%	0.03%
BWA	D	0.01%	0.15%	0.01%
CCL	B	0.02%	0.43%	0.02%
CMG	B	0.2%	1.35%	0.2%
CPRI	F	0.01%	0.05%	0.01%
CRI	D	0.05%	0.05%	0.05%
CROX	D	0.01%	0.12%	0.01%
DAN	D	0.01%	0.03%	0.01%
DASH	A	0.11%	0.83%	0.11%
DDS	B	0.03%	0.05%	0.03%
DECK	A	0.17%	0.47%	0.17%
DHI	D	0.06%	0.81%	0.06%
DKS	C	0.08%	0.22%	0.08%
DORM	B	0.02%	0.1%	0.02%
DPZ	C	0.13%	0.27%	0.13%
DRI	B	0.03%	0.35%	0.03%
EBAY	D	0.36%	0.54%	0.36%
F	C	0.15%	0.72%	0.15%
FL	F	0.04%	0.06%	0.04%
GAP	C	0.05%	0.11%	0.05%
GES	F	0.01%	0.03%	0.01%
GHC	C	0.02%	0.09%	0.02%
GIII	D	0.01%	0.05%	0.01%
GM	B	0.38%	1.09%	0.38%
GME	C	0.02%	0.16%	0.02%
GNTX	C	0.05%	0.14%	0.05%
GOLF	B	0.01%	0.07%	0.01%
GPI	A	0.09%	0.13%	0.09%
GT	C	0.02%	0.06%	0.02%
H	B	0.01%	0.14%	0.01%
HBI	B	0.06%	0.09%	0.06%
HD	A	0.62%	6.43%	0.62%
HLT	A	0.1%	1.04%	0.1%
HOG	D	0.02%	0.09%	0.02%
HRB	D	0.07%	0.16%	0.07%
JWN	C	0.04%	0.07%	0.04%
KBH	D	0.03%	0.13%	0.03%
KSS	F	0.02%	0.05%	0.02%
KTB	B	0.06%	0.11%	0.06%
LAD	A	0.02%	0.2%	0.02%
LAUR	A	0.02%	0.07%	0.02%
LEA	D	0.01%	0.11%	0.01%
LEG	F	0.02%	0.05%	0.02%
LEN	D	0.06%	0.69%	0.06%
LNW	D	0.02%	0.16%	0.02%
LOPE	B	0.05%	0.11%	0.05%
LOW	D	0.35%	2.49%	0.35%
LZB	B	0.03%	0.06%	0.03%
M	D	0.02%	0.09%	0.02%
MAR	B	0.04%	1.14%	0.04%
MCD	D	0.52%	3.46%	0.52%
MHK	D	0.01%	0.15%	0.01%
MHO	D	0.04%	0.1%	0.04%
MTH	D	0.06%	0.13%	0.06%
MTN	C	0.05%	0.13%	0.05%
MUSA	A	0.16%	0.2%	0.16%
NKE	D	0.06%	1.49%	0.06%
NVR	D	0.09%	0.5%	0.09%
NWL	B	0.02%	0.09%	0.02%
ODP	F	0.02%	0.03%	0.02%
ORLY	B	0.2%	1.19%	0.2%
PAG	B	0.02%	0.08%	0.02%
PHIN	A	0.02%	0.07%	0.02%
PHM	D	0.1%	0.47%	0.1%
POOL	C	0.07%	0.25%	0.07%
PVH	C	0.02%	0.12%	0.02%
RCL	A	0.11%	0.95%	0.11%
RL	B	0.03%	0.17%	0.03%
SAH	A	0.01%	0.05%	0.01%
SBH	C	0.02%	0.06%	0.02%
SBUX	A	0.09%	1.83%	0.09%
SCI	B	0.07%	0.23%	0.07%
SHOO	D	0.03%	0.08%	0.03%
SIG	B	0.04%	0.1%	0.04%
SKX	D	0.02%	0.16%	0.02%
STRA	C	0.01%	0.06%	0.01%
THO	B	0.07%	0.12%	0.07%
TJX	A	0.38%	2.19%	0.38%
TMHC	B	0.09%	0.15%	0.09%
TOL	B	0.06%	0.29%	0.06%
TPH	D	0.06%	0.1%	0.06%
TPR	B	0.01%	0.25%	0.01%
TPX	B	0.03%	0.18%	0.03%
TSCO	D	0.11%	0.5%	0.11%
TXRH	C	0.06%	0.25%	0.06%
ULTA	F	0.03%	0.32%	0.03%
URBN	C	0.05%	0.06%	0.05%
VC	D	0.03%	0.06%	0.03%
VFC	C	0.02%	0.15%	0.02%
VSCO	B	0.02%	0.09%	0.02%
VSTO	A	0.02%	0.08%	0.02%
VVV	F	0.02%	0.11%	0.02%
WEN	D	0.05%	0.08%	0.05%
WGO	C	0.01%	0.06%	0.01%
WH	B	0.04%	0.16%	0.04%
WHR	B	0.03%	0.14%	0.03%
WOR	F	0.01%	0.04%	0.01%
WSM	B	0.24%	0.29%	0.24%
YUM	B	0.13%	0.64%	0.13%

MFUS Overweight 698 Positions Relative to FDIS

Symbol	Grade	Weight
BRK.A	B	2.44%
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	A	1.77%
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%
PGR	A	0.59%
TGT	F	0.59%
MMM	D	0.58%
GE	D	0.56%
PFE	D	0.55%
NFLX	A	0.55%
AMAT	F	0.5%
UNP	C	0.5%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BMY	B	0.41%
GS	A	0.4%
CVX	A	0.39%
KR	B	0.37%
CL	D	0.36%
MPC	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%
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%
SFM	A	0.25%
DHR	F	0.24%
PLTR	B	0.24%
HCA	F	0.24%
UPS	C	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%
MMC	B	0.2%
GLW	B	0.2%
CAT	B	0.2%
TRV	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%
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%
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%
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%
EVR	B	0.13%
SO	D	0.13%
BX	A	0.13%
RPM	A	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%
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%
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%
CRS	A	0.11%
TRGP	B	0.11%
AYI	B	0.1%
JXN	C	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%
MLI	C	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%
ADSK	A	0.09%
AVY	D	0.09%
CALM	A	0.09%
IP	B	0.09%
DLR	B	0.09%
PSA	D	0.09%
NRG	B	0.08%
GEO	B	0.08%
TTWO	A	0.08%
LPX	B	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
HCC	B	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%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
BCC	B	0.07%
EXC	C	0.07%
LPLA	A	0.07%
NSC	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	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%
MNST	C	0.07%
FTNT	C	0.07%
D	C	0.07%
FIS	C	0.07%
GEHC	F	0.07%
CNX	A	0.07%
OTIS	C	0.07%
SEE	C	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%
BFH	B	0.06%
CHE	D	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%
CMC	B	0.06%
OMC	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
PEG	A	0.06%
AMG	B	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%
MSCI	C	0.06%
ROL	B	0.06%
EME	C	0.05%
CNO	A	0.05%
FANG	D	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
AROC	B	0.05%
THG	A	0.05%
TDS	B	0.05%
PRIM	A	0.05%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	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%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	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%
ALLY	C	0.05%
EIX	B	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HSY	F	0.05%
LUMN	C	0.05%
GVA	A	0.05%
WAB	B	0.05%
MMS	F	0.05%
FCN	D	0.05%
BTU	B	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%
CRUS	D	0.04%
EQR	B	0.04%
AWI	A	0.04%
ESS	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	C	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%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
VRSN	F	0.04%
VTR	C	0.04%
CVLT	B	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%
MAC	B	0.04%
HUBG	A	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%
WERN	C	0.04%
STLD	B	0.04%
DCI	B	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%
STC	B	0.03%
HAE	C	0.03%
WRB	A	0.03%
SBAC	D	0.03%
GEF	A	0.03%
DRH	B	0.03%
COKE	C	0.03%
KMPR	B	0.03%
UNF	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	B	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	D	0.03%
AVTR	F	0.03%
WPC	D	0.03%
LBRDK	C	0.03%
LNC	B	0.03%
FHI	A	0.03%
TER	D	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
UDR	B	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
X	C	0.03%
JBL	B	0.03%
AVB	B	0.03%
MATX	C	0.03%
GMS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
AVA	A	0.03%
GGG	B	0.03%
BKU	A	0.03%
MC	C	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%
CDP	C	0.03%
HBAN	A	0.03%
CPAY	A	0.03%
SM	B	0.03%
HUBB	B	0.03%
MANH	D	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	B	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	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%
WAL	B	0.02%
UAL	A	0.02%
WBS	A	0.02%
RF	A	0.02%
BEN	C	0.02%
JBLU	F	0.02%
NSP	D	0.02%
ATO	A	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	B	0.02%
HST	C	0.02%
AA	B	0.02%
DNOW	B	0.02%
HNI	B	0.02%
PMT	D	0.02%
HRL	D	0.02%
DTE	C	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	D	0.02%
PNR	A	0.02%
REZI	A	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
PFSI	D	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
OHI	C	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
NTCT	C	0.02%
XHR	B	0.02%
CTLT	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
MKTX	D	0.02%
PBF	D	0.02%
PDCO	D	0.02%
CINF	A	0.02%
NI	A	0.02%
HII	D	0.02%
CE	F	0.02%
EWBC	A	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	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%
SVC	F	0.01%
QRVO	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
ELAN	D	0.01%
CACC	D	0.01%
ARI	C	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%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	C	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	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	A	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SIGI	C	0.01%
ARCH	B	0.01%
SPB	C	0.01%
PFG	D	0.01%
WAFD	B	0.01%
DY	D	0.01%
AES	F	0.01%
FDP	B	0.01%
WMK	C	0.01%
CNM	D	0.01%
CFR	B	0.01%
FELE	B	0.01%
INCY	C	0.01%
PPC	C	0.01%
KN	B	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
FLR	B	0.01%
ESAB	B	0.01%
LADR	B	0.01%
ONB	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%
MUR	D	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	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%
SCS	C	0.01%
FR	C	0.01%
IOSP	B	0.01%
DEI	B	0.01%
RBC	A	0.01%
HE	C	0.01%
VSH	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 146 Positions Relative to FDIS

Symbol	Grade	Weight
TSLA	B	-14.23%
MELI	D	-1.39%
ABNB	C	-0.97%
ROST	C	-0.79%
LULU	C	-0.63%
GRMN	B	-0.55%
CVNA	B	-0.46%
EXPE	B	-0.42%
LVS	C	-0.32%
DKNG	B	-0.31%
GPC	D	-0.3%
APTV	D	-0.26%
NCLH	B	-0.23%
KMX	B	-0.23%
DUOL	A	-0.21%
LKQ	D	-0.19%
FND	C	-0.19%
PLNT	A	-0.18%
WYNN	D	-0.18%
MGM	D	-0.18%
CHDN	B	-0.18%
WING	D	-0.18%
HAS	D	-0.16%
CZR	F	-0.16%
BROS	B	-0.15%
RIVN	F	-0.15%
MAT	D	-0.14%
EAT	A	-0.14%
ALV	C	-0.14%
CHWY	B	-0.13%
OLLI	D	-0.13%
MOD	A	-0.13%
ETSY	D	-0.12%
SKY	A	-0.12%
BYD	C	-0.12%
LRN	A	-0.11%
IBP	D	-0.11%
CHH	A	-0.11%
RH	B	-0.11%
SHAK	C	-0.11%
PTON	B	-0.11%
FTDR	A	-0.11%
TNL	A	-0.1%
FIVE	F	-0.1%
BOOT	D	-0.1%
CVCO	A	-0.09%
SGBX	F	-0.09%
LCII	C	-0.08%
COLM	B	-0.08%
VAC	B	-0.08%
PATK	D	-0.08%
WWW	B	-0.08%
HGV	B	-0.08%
PII	D	-0.08%
YETI	C	-0.08%
PENN	C	-0.08%
LGIH	D	-0.07%
RVLV	B	-0.07%
LCID	F	-0.07%
CWH	B	-0.07%
RRR	D	-0.07%
CCS	D	-0.07%
GRBK	D	-0.07%
UAA	C	-0.07%
W	F	-0.07%
CAKE	C	-0.07%
SABR	C	-0.06%
UA	C	-0.06%
EVRI	A	-0.06%
OSW	A	-0.06%
LTH	C	-0.06%
WRBY	B	-0.06%
ADTN	A	-0.06%
MNRO	D	-0.05%
PLYA	B	-0.05%
LEVI	F	-0.05%
THRM	D	-0.05%
MBUU	C	-0.05%
FLUT	A	-0.05%
WINA	B	-0.05%
BZH	B	-0.05%
SONO	C	-0.05%
QS	F	-0.05%
UTI	A	-0.05%
UPBD	B	-0.05%
XPEL	C	-0.05%
MCRI	A	-0.05%
PZZA	D	-0.05%
AXL	C	-0.04%
MODG	F	-0.04%
FIGS	F	-0.04%
RGR	F	-0.04%
ACEL	C	-0.04%
FWRG	C	-0.04%
HZO	D	-0.04%
ETD	C	-0.04%
OXM	D	-0.04%
COUR	F	-0.04%
JACK	D	-0.04%
PTLO	F	-0.04%
DFH	D	-0.04%
CAL	D	-0.04%
SCVL	F	-0.04%
BJRI	B	-0.04%
FOXF	F	-0.04%
DNUT	D	-0.04%
HOV	D	-0.04%
HELE	C	-0.04%
PRDO	B	-0.04%
SMP	B	-0.04%
GDEN	B	-0.04%
PLAY	D	-0.04%
VZIO	A	-0.04%
CBRL	C	-0.04%
MCW	B	-0.04%
ARKO	C	-0.03%
RICK	C	-0.03%
BALY	C	-0.03%
LIND	C	-0.03%
SWBI	C	-0.03%
DIN	C	-0.03%
KRUS	B	-0.03%
EYE	C	-0.03%
BLMN	F	-0.03%
UDMY	F	-0.03%
GTX	D	-0.03%
LAZR	F	-0.02%
LEGH	D	-0.02%
HVT	D	-0.02%
BOWL	C	-0.02%
CRMT	C	-0.02%
MOV	C	-0.02%
DENN	D	-0.02%
TH	C	-0.02%
XPOF	C	-0.02%
ARHS	F	-0.02%
LESL	C	-0.02%
WOOF	D	-0.02%
SRI	F	-0.01%
EWCZ	F	-0.01%
GRPN	F	-0.01%
DBI	F	-0.01%
FLWS	F	-0.01%
CRCT	F	-0.01%
AMRK	F	-0.0%
RSI	B	-0.0%