MFUS vs. FLDZ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to RiverNorth Volition America Patriot ETF (FLDZ)

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

FLDZ

RiverNorth Volition America Patriot ETF

FLDZ Description

RiverNorth Volition America Patriot ETF is an exchange traded fund launched by Listed Funds Trust. The fund is co-managed by RiverNorth Capital Management, LLC, TrueMark Investments, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. RiverNorth Volition America Patriot ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.87

Average Daily Volume

34

Number of Holdings ^*

301

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FLDZ
30 Days	2.73%	6.86%
60 Days	3.41%	6.75%
90 Days	5.38%	9.10%
12 Months	32.49%	32.16%

189 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in FLDZ	Overlap
	ACI	C	0.01%	0.33%	0.01%
	ADC	B	0.01%	0.23%	0.01%
	AEP	D	0.08%	0.29%	0.08%
	AGNC	D	0.04%	0.18%	0.04%
	ALL	A	0.26%	0.2%	0.2%
	ALLY	C	0.05%	0.2%	0.05%
	AMH	D	0.04%	0.19%	0.04%
	AMP	A	0.18%	0.19%	0.18%
	AN	C	0.06%	0.35%	0.06%
	AR	B	0.05%	0.41%	0.05%
	ARES	A	0.09%	0.24%	0.09%
	ATO	A	0.02%	0.39%	0.02%
	AVB	B	0.03%	0.24%	0.03%
	BAH	F	0.14%	0.37%	0.14%
	BJ	A	0.03%	0.38%	0.03%
	BLDR	D	0.04%	0.34%	0.04%
	BURL	A	0.03%	0.37%	0.03%
	BXP	D	0.02%	0.22%	0.02%
	CACC	D	0.01%	0.14%	0.01%
	CACI	D	0.08%	0.34%	0.08%
	CADE	B	0.01%	0.23%	0.01%
	CAH	B	0.27%	0.38%	0.27%
	CASY	A	0.17%	0.42%	0.17%
	CBSH	A	0.01%	0.3%	0.01%
	CCI	D	0.07%	0.21%	0.07%
	CEG	D	0.11%	0.43%	0.11%
	CFG	B	0.04%	0.26%	0.04%
	CFR	B	0.01%	0.29%	0.01%
	CHE	D	0.06%	0.39%	0.06%
	CHTR	C	0.3%	0.4%	0.3%
	CI	F	0.13%	0.33%	0.13%
	CINF	A	0.02%	0.26%	0.02%
	CMA	A	0.04%	0.24%	0.04%
	CMG	B	0.2%	0.42%	0.2%
	CMS	C	0.03%	0.33%	0.03%
	CNC	D	0.04%	0.28%	0.04%
	CNM	D	0.01%	0.37%	0.01%
	COF	B	0.29%	0.25%	0.25%
	COKE	C	0.03%	0.39%	0.03%
	COOP	B	0.05%	0.17%	0.05%
	CPB	D	0.04%	0.31%	0.04%
	CPT	B	0.06%	0.24%	0.06%
	CSX	B	0.11%	0.42%	0.11%
	CUBE	D	0.04%	0.18%	0.04%
	CVS	D	0.67%	0.38%	0.38%
	D	C	0.07%	0.37%	0.07%
	DFS	B	0.1%	0.24%	0.1%
	DG	F	0.08%	0.33%	0.08%
	DGX	A	0.09%	0.38%	0.09%
	DHI	D	0.06%	0.33%	0.06%
	DKS	C	0.08%	0.34%	0.08%
	DRI	B	0.03%	0.4%	0.03%
	DTE	C	0.02%	0.33%	0.02%
	DTM	B	0.02%	0.48%	0.02%
	DUK	C	0.13%	0.35%	0.13%
	DY	D	0.01%	0.31%	0.01%
	ED	D	0.06%	0.3%	0.06%
	EIX	B	0.05%	0.31%	0.05%
	ELS	C	0.04%	0.2%	0.04%
	ELV	F	0.15%	0.28%	0.15%
	EME	C	0.05%	0.52%	0.05%
	EQH	B	0.08%	0.26%	0.08%
	EQR	B	0.04%	0.22%	0.04%
	ERIE	D	0.05%	0.14%	0.05%
	ES	D	0.03%	0.31%	0.03%
	ESS	B	0.04%	0.21%	0.04%
	ETR	B	0.05%	0.39%	0.05%
	EVRG	A	0.02%	0.38%	0.02%
	EWBC	A	0.02%	0.29%	0.02%
	EXC	C	0.07%	0.34%	0.07%
	EXP	A	0.07%	0.39%	0.07%
	EXR	D	0.11%	0.21%	0.11%
	FANG	D	0.05%	0.38%	0.05%
	FCNCA	A	0.06%	0.21%	0.06%
	FE	C	0.03%	0.32%	0.03%
	FHN	A	0.01%	0.26%	0.01%
	FITB	A	0.04%	0.26%	0.04%
	FIX	A	0.07%	0.45%	0.07%
	FNF	B	0.03%	0.23%	0.03%
	FOXA	B	0.11%	0.46%	0.11%
	FR	C	0.01%	0.22%	0.01%
	FYBR	D	0.01%	0.35%	0.01%
	GLPI	C	0.07%	0.22%	0.07%
	HBAN	A	0.03%	0.25%	0.03%
	HIG	B	0.06%	0.24%	0.06%
	HII	D	0.02%	0.27%	0.02%
	HOOD	B	0.05%	0.29%	0.05%
	HRL	D	0.02%	0.32%	0.02%
	HST	C	0.02%	0.17%	0.02%
	INCY	C	0.01%	0.42%	0.01%
	INVH	D	0.04%	0.19%	0.04%
	JBHT	C	0.02%	0.38%	0.02%
	JKHY	D	0.1%	0.18%	0.1%
	JXN	C	0.1%	0.24%	0.1%
	KBH	D	0.03%	0.32%	0.03%
	KEX	C	0.02%	0.36%	0.02%
	KEY	B	0.03%	0.24%	0.03%
	KIM	A	0.02%	0.21%	0.02%
	KMI	A	0.11%	0.45%	0.11%
	KNX	B	0.01%	0.39%	0.01%
	KR	B	0.37%	0.39%	0.37%
	L	A	0.06%	0.22%	0.06%
	LAMR	D	0.05%	0.22%	0.05%
	LBRDK	C	0.03%	0.52%	0.03%
	LEN	D	0.06%	0.35%	0.06%
	LNT	A	0.02%	0.37%	0.02%
	LOW	D	0.35%	0.49%	0.35%
	LPLA	A	0.07%	0.33%	0.07%
	LSTR	D	0.09%	0.39%	0.09%
	MAA	B	0.02%	0.22%	0.02%
	MCK	B	0.64%	0.42%	0.42%
	MDU	D	0.02%	0.21%	0.02%
	MLM	B	0.07%	0.41%	0.07%
	MO	A	0.74%	0.45%	0.45%
	MPC	D	0.35%	0.32%	0.32%
	MRO	B	0.03%	0.35%	0.03%
	MTB	A	0.04%	0.22%	0.04%
	MTH	D	0.06%	0.3%	0.06%
	MUSA	A	0.16%	0.35%	0.16%
	NBIX	C	0.04%	0.38%	0.04%
	NEE	D	0.23%	0.33%	0.23%
	NFG	A	0.05%	0.33%	0.05%
	NI	A	0.02%	0.36%	0.02%
	NNN	D	0.01%	0.19%	0.01%
	NRG	B	0.08%	0.37%	0.08%
	NSC	B	0.07%	0.38%	0.07%
	NVR	D	0.09%	0.45%	0.09%
	NXST	C	0.05%	0.29%	0.05%
	NYT	C	0.03%	0.37%	0.03%
	ODFL	B	0.02%	0.4%	0.02%
	OKE	A	0.1%	0.44%	0.1%
	OMF	A	0.03%	0.2%	0.03%
	ONB	B	0.01%	0.2%	0.01%
	ORLY	B	0.2%	0.42%	0.2%
	PAYX	C	0.04%	0.43%	0.04%
	PB	A	0.01%	0.23%	0.01%
	PEG	A	0.06%	0.39%	0.06%
	PFSI	D	0.02%	0.13%	0.02%
	PGR	A	0.59%	0.27%	0.27%
	PHM	D	0.1%	0.35%	0.1%
	PNC	B	0.12%	0.29%	0.12%
	PNW	B	0.01%	0.34%	0.01%
	PPL	B	0.04%	0.35%	0.04%
	PSA	D	0.09%	0.22%	0.09%
	RDN	C	0.01%	0.15%	0.01%
	RF	A	0.02%	0.25%	0.02%
	RLI	B	0.03%	0.24%	0.03%
	RRC	B	0.03%	0.41%	0.03%
	RSG	A	0.13%	0.43%	0.13%
	SAIC	F	0.01%	0.34%	0.01%
	SCHW	B	0.05%	0.27%	0.05%
	SFM	A	0.25%	0.47%	0.25%
	SIGI	C	0.01%	0.17%	0.01%
	SNV	B	0.02%	0.21%	0.02%
	SO	D	0.13%	0.37%	0.13%
	SPG	B	0.17%	0.25%	0.17%
	SSB	B	0.01%	0.22%	0.01%
	STZ	D	0.05%	0.33%	0.05%
	SWX	B	0.01%	0.31%	0.01%
	SYF	B	0.31%	0.31%	0.31%
	T	A	0.75%	0.46%	0.46%
	TFC	A	0.09%	0.28%	0.09%
	TGT	F	0.59%	0.42%	0.42%
	THC	D	0.26%	0.39%	0.26%
	THG	A	0.05%	0.16%	0.05%
	TMHC	B	0.09%	0.37%	0.09%
	TOL	B	0.06%	0.36%	0.06%
	TRGP	B	0.11%	0.51%	0.11%
	TROW	B	0.09%	0.2%	0.09%
	TSCO	D	0.11%	0.38%	0.11%
	TXRH	C	0.06%	0.41%	0.06%
	UDR	B	0.03%	0.22%	0.03%
	UFPI	B	0.07%	0.36%	0.07%
	ULTA	F	0.03%	0.4%	0.03%
	UNH	C	0.81%	0.41%	0.41%
	USB	A	0.11%	0.3%	0.11%
	USFD	A	0.05%	0.41%	0.05%
	VNO	B	0.07%	0.22%	0.07%
	VST	B	0.26%	0.51%	0.26%
	VVV	F	0.02%	0.28%	0.02%
	VZ	C	1.03%	0.38%	0.38%
	WAL	B	0.02%	0.22%	0.02%
	WBS	A	0.02%	0.28%	0.02%
	WFC	A	0.99%	0.33%	0.33%
	WM	A	0.27%	0.46%	0.27%
	WMB	A	0.11%	0.43%	0.11%
	WSM	B	0.24%	0.33%	0.24%
	WTFC	A	0.01%	0.27%	0.01%
	ZION	B	0.02%	0.31%	0.02%

MFUS Overweight 626 Positions Relative to FLDZ

	Symbol	Grade	Weight
	BRK.A	B	2.44%
	META	D	2.32%
	LLY	F	2.3%
	NVDA	C	1.9%
	WMT	A	1.77%
	AMZN	C	1.65%
	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%
	KO	D	1.01%
	JPM	A	0.99%
	AAPL	C	0.97%
	AMGN	D	0.92%
	PM	B	0.89%
	GILD	C	0.84%
	MRK	F	0.83%
	LMT	D	0.75%
	QCOM	F	0.73%
	PEP	F	0.71%
	C	A	0.7%
	CSCO	B	0.68%
	HD	A	0.62%
	MMM	D	0.58%
	GE	D	0.56%
	PFE	D	0.55%
	NFLX	A	0.55%
	MCD	D	0.52%
	AMAT	F	0.5%
	UNP	C	0.5%
	BAC	A	0.45%
	XOM	B	0.43%
	TMUS	B	0.43%
	BKNG	A	0.42%
	BMY	B	0.41%
	GS	A	0.4%
	CVX	A	0.39%
	TJX	A	0.38%
	GM	B	0.38%
	EBAY	D	0.36%
	CL	D	0.36%
	REGN	F	0.35%
	NOC	D	0.35%
	NOW	A	0.35%
	AIG	B	0.34%
	MET	A	0.32%
	V	A	0.31%
	HPQ	B	0.29%
	ICE	C	0.29%
	ISRG	A	0.29%
	SPGI	C	0.29%
	MA	C	0.28%
	AZO	C	0.28%
	TXN	C	0.28%
	TMO	F	0.27%
	LHX	C	0.26%
	FICO	B	0.25%
	AON	A	0.25%
	PANW	C	0.25%
	DHR	F	0.24%
	PLTR	B	0.24%
	ANF	C	0.24%
	HCA	F	0.24%
	UPS	C	0.24%
	ACN	C	0.24%
	AXP	A	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%
	BBY	D	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%
	BK	A	0.18%
	UTHR	C	0.18%
	BLK	C	0.18%
	NEM	D	0.17%
	RMD	C	0.17%
	DECK	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%
	F	C	0.15%
	KKR	A	0.15%
	CHRW	C	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%
	DPZ	C	0.13%
	EVR	B	0.13%
	BX	A	0.13%
	RPM	A	0.13%
	YUM	B	0.13%
	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%
	RCL	A	0.11%
	XYL	D	0.11%
	CW	B	0.11%
	EXPD	D	0.11%
	WTW	B	0.11%
	ALSN	B	0.11%
	LDOS	C	0.11%
	HPE	B	0.11%
	DASH	A	0.11%
	WBA	F	0.11%
	ADP	B	0.11%
	COIN	C	0.11%
	BDX	F	0.11%
	BWXT	B	0.11%
	CRS	A	0.11%
	AYI	B	0.1%
	HLT	A	0.1%
	DD	D	0.1%
	ITW	B	0.1%
	NTAP	C	0.1%
	GEN	B	0.1%
	PKG	A	0.1%
	EFX	F	0.1%
	IEX	B	0.09%
	WCC	B	0.09%
	AIZ	A	0.09%
	EMR	A	0.09%
	MLI	C	0.09%
	EHC	B	0.09%
	IR	B	0.09%
	URI	B	0.09%
	ADSK	A	0.09%
	GPI	A	0.09%
	AVY	D	0.09%
	CALM	A	0.09%
	IP	B	0.09%
	DLR	B	0.09%
	SBUX	A	0.09%
	GEO	B	0.08%
	TTWO	A	0.08%
	LPX	B	0.08%
	ABG	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%
	GPK	C	0.08%
	NUE	C	0.08%
	SLG	B	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%
	SQ	B	0.07%
	INGR	B	0.07%
	JCI	C	0.07%
	BCC	B	0.07%
	SCI	B	0.07%
	COP	C	0.07%
	SKYW	B	0.07%
	POOL	C	0.07%
	AEO	F	0.07%
	CHD	B	0.07%
	R	B	0.07%
	KDP	D	0.07%
	STE	F	0.07%
	BALL	D	0.07%
	THO	B	0.07%
	MNST	C	0.07%
	FTNT	C	0.07%
	HRB	D	0.07%
	FIS	C	0.07%
	GEHC	F	0.07%
	CNX	A	0.07%
	OTIS	C	0.07%
	SEE	C	0.06%
	NKE	D	0.06%
	JLL	D	0.06%
	O	D	0.06%
	LECO	B	0.06%
	GNRC	B	0.06%
	TPH	D	0.06%
	KTB	B	0.06%
	HBI	B	0.06%
	MKC	D	0.06%
	MPWR	F	0.06%
	BFH	B	0.06%
	ATGE	B	0.06%
	VIRT	B	0.06%
	UHS	D	0.06%
	TW	A	0.06%
	MAS	D	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%
	AMG	B	0.06%
	TTC	D	0.06%
	ROP	B	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%
	URBN	C	0.05%
	CNO	A	0.05%
	NSIT	F	0.05%
	LOPE	B	0.05%
	AROC	B	0.05%
	TDS	B	0.05%
	PRIM	A	0.05%
	CRI	D	0.05%
	GNTX	C	0.05%
	A	D	0.05%
	MOG.A	B	0.05%
	TGNA	B	0.05%
	MTN	C	0.05%
	EXEL	B	0.05%
	SUI	D	0.05%
	CARR	D	0.05%
	CBRE	B	0.05%
	FLEX	A	0.05%
	NDAQ	A	0.05%
	SLGN	A	0.05%
	TEX	D	0.05%
	CBT	C	0.05%
	IDXX	F	0.05%
	ZTS	D	0.05%
	POST	C	0.05%
	KD	B	0.05%
	WAT	B	0.05%
	WEN	D	0.05%
	ANSS	B	0.05%
	HSY	F	0.05%
	GAP	C	0.05%
	LUMN	C	0.05%
	GVA	A	0.05%
	WAB	B	0.05%
	MMS	F	0.05%
	BC	C	0.05%
	FCN	D	0.05%
	BTU	B	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	F	0.04%
	JWN	C	0.04%
	CRUS	D	0.04%
	AWI	A	0.04%
	CXW	B	0.04%
	CPNG	D	0.04%
	CLH	B	0.04%
	BDC	B	0.04%
	SEM	B	0.04%
	WH	B	0.04%
	PSTG	D	0.04%
	RUSHA	C	0.04%
	SMG	D	0.04%
	OLN	D	0.04%
	CTVA	C	0.04%
	FLO	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%
	NWSA	B	0.04%
	GBX	A	0.04%
	SJM	D	0.04%
	WTM	A	0.04%
	BAX	D	0.04%
	ZBRA	B	0.04%
	JHG	A	0.04%
	SIG	B	0.04%
	HEI	B	0.04%
	MAC	B	0.04%
	HUBG	A	0.04%
	RGLD	C	0.04%
	ATI	D	0.04%
	MHO	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%
	MAR	B	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%
	KMPR	B	0.03%
	VC	D	0.03%
	UNF	B	0.03%
	LZB	B	0.03%
	DK	C	0.03%
	GMED	A	0.03%
	MAN	D	0.03%
	PINC	B	0.03%
	ACA	A	0.03%
	PNM	F	0.03%
	APAM	B	0.03%
	AMKR	D	0.03%
	AVTR	F	0.03%
	WPC	D	0.03%
	BKE	B	0.03%
	ASO	F	0.03%
	LNC	B	0.03%
	FHI	A	0.03%
	WHR	B	0.03%
	TER	D	0.03%
	OI	C	0.03%
	JEF	A	0.03%
	CDW	F	0.03%
	SHOO	D	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%
	RL	B	0.03%
	X	C	0.03%
	JBL	B	0.03%
	MATX	C	0.03%
	BLD	D	0.03%
	DDS	B	0.03%
	GMS	B	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%
	IVZ	B	0.03%
	COHR	B	0.03%
	CDP	C	0.03%
	TPX	B	0.03%
	CPAY	A	0.03%
	SM	B	0.03%
	HUBB	B	0.03%
	MANH	D	0.03%
	GNW	A	0.03%
	MORN	B	0.03%
	OSK	B	0.03%
	HSIC	B	0.03%
	MASI	A	0.03%
	LANC	C	0.03%
	LEG	F	0.02%
	TDC	D	0.02%
	SATS	D	0.02%
	TTMI	B	0.02%
	LXP	D	0.02%
	ODP	F	0.02%
	SSNC	B	0.02%
	SF	B	0.02%
	GT	C	0.02%
	BRKR	D	0.02%
	BHE	B	0.02%
	CSL	C	0.02%
	AXTA	A	0.02%
	LAUR	A	0.02%
	VFC	C	0.02%
	UAL	A	0.02%
	BEN	C	0.02%
	PHIN	A	0.02%
	JBLU	F	0.02%
	NSP	D	0.02%
	GME	C	0.02%
	DOW	F	0.02%
	ANDE	D	0.02%
	APG	B	0.02%
	HP	B	0.02%
	AA	B	0.02%
	DNOW	B	0.02%
	LAD	A	0.02%
	M	D	0.02%
	HNI	B	0.02%
	PMT	D	0.02%
	NAVI	C	0.02%
	WKC	D	0.02%
	WMS	D	0.02%
	PNR	A	0.02%
	LNW	D	0.02%
	REZI	A	0.02%
	XRAY	F	0.02%
	KBR	F	0.02%
	EPC	D	0.02%
	SNDR	B	0.02%
	RHI	B	0.02%
	AGCO	D	0.02%
	OSIS	B	0.02%
	SKX	D	0.02%
	NWL	B	0.02%
	CC	C	0.02%
	PSN	D	0.02%
	SXT	B	0.02%
	KSS	F	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%
	DORM	B	0.02%
	NTCT	C	0.02%
	XHR	B	0.02%
	CTLT	B	0.02%
	GWRE	A	0.02%
	MKTX	D	0.02%
	SBH	C	0.02%
	PVH	C	0.02%
	PBF	D	0.02%
	PDCO	D	0.02%
	PAG	B	0.02%
	VSCO	B	0.02%
	ADNT	F	0.02%
	CE	F	0.02%
	HOG	D	0.02%
	MCY	A	0.02%
	AIR	B	0.02%
	DLB	B	0.02%
	VSTO	A	0.02%
	BFAM	D	0.02%
	FAF	A	0.02%
	GHC	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%
	CCL	B	0.02%
	SVC	F	0.01%
	QRVO	F	0.01%
	AAP	C	0.01%
	CPRI	F	0.01%
	NOV	C	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%
	GIII	D	0.01%
	WOR	F	0.01%
	ELAN	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%
	SEB	F	0.01%
	WGO	C	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%
	ARMK	B	0.01%
	OUT	A	0.01%
	AMED	F	0.01%
	SR	A	0.01%
	CNS	B	0.01%
	ESI	A	0.01%
	KALU	C	0.01%
	MOS	F	0.01%
	CVI	F	0.01%
	CENTA	C	0.01%
	OMI	F	0.01%
	BRC	D	0.01%
	PECO	A	0.01%
	ARCH	B	0.01%
	SPB	C	0.01%
	PFG	D	0.01%
	LEA	D	0.01%
	WAFD	B	0.01%
	CROX	D	0.01%
	AES	F	0.01%
	FDP	B	0.01%
	WMK	C	0.01%
	DAN	D	0.01%
	MHK	D	0.01%
	FELE	B	0.01%
	PPC	C	0.01%
	BBWI	D	0.01%
	TPR	B	0.01%
	KN	B	0.01%
	STRA	C	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%
	LADR	B	0.01%
	IDCC	A	0.01%
	BMRN	D	0.01%
	TTEK	F	0.01%
	ICUI	D	0.01%
	WWD	B	0.01%
	MUR	D	0.01%
	TNET	D	0.01%
	CWEN	C	0.01%
	CSGS	B	0.01%
	UHAL	D	0.01%
	BWA	D	0.01%
	H	B	0.01%
	PSMT	C	0.01%
	AMWD	C	0.01%
	VNT	B	0.01%
	CR	A	0.01%
	ALGN	D	0.01%
	PTEN	C	0.01%
	SLB	C	0.01%
	SCS	C	0.01%
	GOLF	B	0.01%
	IOSP	B	0.01%
	SAH	A	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 112 Positions Relative to FLDZ

	Symbol	Grade	Weight
	CVNA	B	-0.67%
	TOST	B	-0.56%
	BILL	A	-0.54%
	AAON	B	-0.52%
	INTU	C	-0.48%
	EOG	A	-0.47%
	EQT	B	-0.46%
	SUM	B	-0.46%
	PAYC	B	-0.46%
	NTRA	B	-0.45%
	MTZ	B	-0.44%
	TTD	B	-0.44%
	PLNT	A	-0.43%
	HQY	B	-0.43%
	MTDR	B	-0.43%
	Z	A	-0.43%
	PCTY	B	-0.43%
	ET	A	-0.42%
	SIRI	C	-0.42%
	EPD	A	-0.41%
	ITCI	C	-0.41%
	PFGC	B	-0.41%
	BYD	C	-0.4%
	CQP	B	-0.4%
	ENSG	D	-0.4%
	CTRA	B	-0.4%
	PR	B	-0.4%
	VMC	B	-0.39%
	SOFI	A	-0.38%
	AZEK	A	-0.38%
	LUV	C	-0.38%
	KMX	B	-0.38%
	MPLX	A	-0.38%
	PCG	A	-0.38%
	TREX	C	-0.38%
	ADTN	A	-0.38%
	RCM	F	-0.37%
	OGE	B	-0.37%
	ROKU	D	-0.37%
	ENLC	A	-0.37%
	SAIA	B	-0.37%
	DKNG	B	-0.36%
	SITE	D	-0.36%
	XEL	A	-0.36%
	CHRD	D	-0.36%
	AM	A	-0.36%
	WEC	A	-0.36%
	AGR	B	-0.35%
	DVN	F	-0.35%
	ROST	C	-0.34%
	CWST	A	-0.34%
	IBP	D	-0.34%
	APO	B	-0.34%
	FND	C	-0.34%
	CHDN	B	-0.34%
	AEE	A	-0.34%
	WING	D	-0.33%
	CRVL	A	-0.33%
	IDA	A	-0.32%
	WES	C	-0.32%
	MOH	F	-0.32%
	OLLI	D	-0.32%
	WTRG	B	-0.32%
	AWK	D	-0.32%
	CZR	F	-0.32%
	CNP	B	-0.32%
	FSLR	F	-0.31%
	CIVI	D	-0.31%
	SRPT	D	-0.31%
	AFRM	B	-0.3%
	PNFP	B	-0.3%
	INSP	D	-0.3%
	LNTH	D	-0.3%
	SUN	B	-0.3%
	REYN	D	-0.3%
	CELH	F	-0.29%
	IONS	F	-0.29%
	HUM	C	-0.29%
	OWL	A	-0.28%
	RIVN	F	-0.27%
	GL	B	-0.26%
	BOKF	B	-0.24%
	RHP	B	-0.24%
	FRT	B	-0.24%
	ORI	A	-0.24%
	BRX	A	-0.23%
	VICI	C	-0.23%
	TPL	A	-0.23%
	REG	B	-0.21%
	MKL	A	-0.21%
	OPCH	D	-0.21%
	COLB	A	-0.2%
	VOYA	B	-0.2%
	STAG	F	-0.2%
	AFG	A	-0.2%
	CBOE	B	-0.2%
	ARE	D	-0.19%
	TRNO	F	-0.19%
	DOC	D	-0.19%
	LCID	F	-0.19%
	ZETA	D	-0.19%
	EGP	F	-0.18%
	FFIN	B	-0.18%
	FNB	A	-0.18%
	REXR	F	-0.17%
	HOMB	A	-0.17%
	APPF	B	-0.16%
	KNSL	B	-0.16%
	FG	B	-0.16%
	ACT	D	-0.15%
	KRG	B	-0.15%
	EPRT	B	-0.15%

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

FLDZ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Oil & Gas E&P Insurance - Property & Casualty Oil & Gas Midstream REIT - Residential Building Materials REIT - Industrial REIT - Retail Residential Construction Specialty Retail Asset Management Health Care Plans Software - Application Credit Services Biotechnology REIT - Diversified Utilities - Diversified Discount Stores Engineering & Construction

Keywords: S&P 500 Natural Gas Bank Electricity Real Estate Investment Trust Banking Insurance Commercial Banking Nasdaq 100 Deposit Products Financial Products Natural Gas Liquids Natural Gas Storage Petroleum Industry Retailing Building Materials Cash Management Cash Management Services Crude Oil Gas Transmission