MFUS vs. FLSP ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

$50.04

Average Daily Volume

7,919

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.14

Average Daily Volume

11,925

Number of Holdings ^*

172

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FLSP
30 Days	0.78%	0.82%
60 Days	6.77%	2.12%
90 Days	5.67%	2.10%
12 Months	34.60%	7.40%

127 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in FLSP	Overlap
A	B	0.05%	0.24%	0.05%
ABBV	B	1.56%	0.64%	0.64%
ACI	F	0.01%	0.05%	0.01%
ADBE	F	0.04%	0.47%	0.04%
ADM	F	0.25%	0.04%	0.04%
ADSK	C	0.08%	0.29%	0.08%
AFL	A	0.22%	0.33%	0.22%
AIG	F	0.34%	0.22%	0.22%
AIZ	B	0.08%	0.07%	0.07%
AMAT	B	0.59%	0.56%	0.56%
AMP	A	0.12%	0.21%	0.12%
ANSS	D	0.05%	0.14%	0.05%
APH	D	0.11%	0.18%	0.11%
APP	A	0.05%	0.13%	0.05%
AVB	C	0.03%	0.14%	0.03%
AVTR	D	0.04%	0.09%	0.04%
BBY	C	0.23%	0.11%	0.11%
BK	C	0.17%	0.24%	0.17%
BKNG	C	0.36%	0.7%	0.36%
BLDR	B	0.04%	0.12%	0.04%
BR	B	0.16%	0.13%	0.13%
CAH	B	0.24%	0.12%	0.12%
CHRW	C	0.14%	0.07%	0.07%
CI	D	0.15%	0.27%	0.15%
CL	D	0.41%	0.46%	0.41%
CMCSA	C	0.16%	0.43%	0.16%
CMI	A	0.13%	0.25%	0.13%
CNC	F	0.06%	0.18%	0.06%
CPAY	A	0.03%	0.11%	0.03%
CPRT	C	0.08%	0.23%	0.08%
CRBG	B	0.04%	0.05%	0.04%
CSL	A	0.02%	0.12%	0.02%
CSX	D	0.11%	0.34%	0.11%
CTAS	C	0.19%	0.36%	0.19%
DECK	B	0.15%	0.13%	0.13%
DINO	D	0.01%	0.04%	0.01%
DKS	D	0.09%	0.05%	0.05%
DPZ	D	0.13%	0.07%	0.07%
EA	D	0.16%	0.2%	0.16%
EBAY	A	0.38%	0.19%	0.19%
ELV	F	0.2%	0.58%	0.2%
EQH	C	0.08%	0.09%	0.08%
EXPD	D	0.09%	0.09%	0.09%
FE	C	0.03%	0.12%	0.03%
FFIV	B	0.06%	0.07%	0.06%
FICO	A	0.21%	0.26%	0.21%
FIS	B	0.07%	0.26%	0.07%
FOXA	A	0.1%	0.06%	0.06%
FTNT	B	0.06%	0.25%	0.06%
GDDY	D	0.1%	0.13%	0.1%
GILD	A	0.79%	0.46%	0.46%
GLPI	A	0.07%	0.07%	0.07%
GM	D	0.32%	0.3%	0.3%
HD	A	0.6%	0.3%	0.3%
HIG	B	0.06%	0.13%	0.06%
HII	F	0.03%	0.05%	0.03%
HOLX	D	0.03%	0.1%	0.03%
HPQ	B	0.29%	0.18%	0.18%
IDXX	D	0.06%	0.19%	0.06%
INCY	B	0.01%	0.06%	0.01%
IR	B	0.08%	0.17%	0.08%
JBL	C	0.03%	0.09%	0.03%
K	A	0.15%	0.11%	0.11%
KMB	D	0.18%	0.21%	0.18%
KR	C	0.37%	0.21%	0.21%
L	D	0.06%	0.07%	0.06%
LDOS	A	0.11%	0.12%	0.11%
LII	C	0.22%	0.1%	0.1%
LYB	F	0.18%	0.12%	0.12%
MA	A	0.27%	0.84%	0.27%
MANH	C	0.04%	0.09%	0.04%
MAS	A	0.06%	0.1%	0.06%
MET	B	0.32%	0.23%	0.23%
META	A	2.37%	0.49%	0.49%
MMM	C	0.63%	0.04%	0.04%
MOS	F	0.01%	0.05%	0.01%
MPC	C	0.36%	0.3%	0.3%
MRO	C	0.03%	0.1%	0.03%
MSI	A	0.18%	0.41%	0.18%
MTD	B	0.1%	0.18%	0.1%
NBIX	F	0.04%	0.07%	0.04%
NOW	C	0.31%	0.74%	0.31%
NRG	A	0.07%	0.1%	0.07%
NTAP	D	0.1%	0.15%	0.1%
NUE	C	0.08%	0.16%	0.08%
NVDA	B	1.64%	0.6%	0.6%
OC	C	0.02%	0.1%	0.02%
PG	D	1.04%	0.12%	0.12%
PH	B	0.13%	0.23%	0.13%
PHM	A	0.11%	0.14%	0.11%
PKG	B	0.07%	0.12%	0.07%
PSX	D	0.23%	0.25%	0.23%
PTC	D	0.04%	0.11%	0.04%
PYPL	C	0.11%	0.4%	0.11%
QCOM	C	0.8%	0.56%	0.56%
RCL	C	0.08%	0.18%	0.08%
REGN	D	0.49%	0.5%	0.49%
ROL	C	0.07%	0.08%	0.07%
RPRX	D	0.03%	0.06%	0.03%
RS	D	0.04%	0.08%	0.04%
SEIC	B	0.07%	0.05%	0.05%
SPG	A	0.16%	0.24%	0.16%
SSNC	C	0.02%	0.08%	0.02%
STLD	B	0.04%	0.1%	0.04%
SYY	D	0.13%	0.17%	0.13%
T	A	0.74%	0.67%	0.67%
TAP	D	0.08%	0.06%	0.06%
TER	C	0.04%	0.07%	0.04%
TGT	D	0.77%	0.27%	0.27%
TJX	D	0.38%	0.6%	0.38%
TMO	D	0.33%	0.47%	0.33%
TROW	D	0.08%	0.14%	0.08%
TYL	B	0.08%	0.12%	0.08%
UBER	C	0.23%	0.61%	0.23%
UDR	C	0.03%	0.08%	0.03%
UHS	D	0.07%	0.08%	0.07%
UTHR	C	0.18%	0.09%	0.09%
V	C	0.28%	0.59%	0.28%
VLO	D	0.16%	0.22%	0.16%
VRSN	B	0.04%	0.09%	0.04%
VRTX	D	0.22%	0.53%	0.22%
VST	B	0.21%	0.21%	0.21%
VTR	C	0.04%	0.13%	0.04%
VTRS	D	0.13%	0.07%	0.07%
WAT	B	0.05%	0.12%	0.05%
WMT	A	1.68%	0.75%	0.75%
WSM	B	0.21%	0.09%	0.09%

MFUS Overweight 682 Positions Relative to FLSP

Symbol	Grade	Weight
LLY	D	2.87%
BRK.A	C	2.37%
AVGO	C	1.68%
AMZN	C	1.6%
ORCL	C	1.38%
COST	C	1.36%
JNJ	D	1.28%
KO	C	1.16%
IBM	A	1.14%
VZ	B	1.11%
AMGN	D	1.01%
MRK	F	1.0%
AAPL	C	0.97%
JPM	D	0.88%
PM	D	0.83%
LMT	A	0.82%
UNH	B	0.79%
PEP	F	0.77%
WFC	F	0.73%
CVS	C	0.71%
MO	D	0.66%
PFE	D	0.64%
C	C	0.63%
GE	C	0.61%
CSCO	A	0.61%
PGR	C	0.6%
MCD	A	0.55%
UNP	D	0.54%
MCK	F	0.5%
NFLX	B	0.46%
XOM	A	0.42%
BAC	D	0.39%
TMUS	A	0.38%
NOC	B	0.38%
CVX	B	0.36%
BMY	B	0.36%
GS	D	0.35%
LOW	A	0.34%
TXN	C	0.3%
HCA	C	0.3%
ICE	A	0.3%
AZO	D	0.29%
THC	D	0.29%
DHR	D	0.28%
KLAC	B	0.28%
SPGI	B	0.27%
ALL	C	0.26%
MDLZ	D	0.26%
WM	B	0.26%
CHTR	D	0.25%
UPS	D	0.25%
NEE	A	0.25%
SYF	B	0.24%
GD	C	0.24%
COF	C	0.24%
ANF	F	0.24%
PRU	C	0.23%
RTX	A	0.23%
AON	B	0.23%
LHX	A	0.23%
ISRG	C	0.23%
ACN	B	0.23%
NEM	C	0.22%
PANW	D	0.22%
SHW	C	0.22%
AXP	B	0.21%
BSX	A	0.2%
WSO	C	0.2%
SFM	A	0.2%
TRV	C	0.2%
CAT	A	0.2%
GIS	C	0.2%
CMG	C	0.2%
LRCX	D	0.19%
MMC	D	0.19%
INTC	D	0.19%
GWW	B	0.19%
GLW	C	0.19%
ORLY	A	0.19%
MS	B	0.18%
CB	B	0.17%
TDG	B	0.17%
RMD	C	0.17%
BLK	A	0.17%
VRSK	C	0.17%
DVA	C	0.17%
KHC	F	0.16%
AMT	C	0.16%
TSN	D	0.16%
HWM	A	0.15%
F	D	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%
CME	A	0.14%
DUK	B	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%
RSG	C	0.13%
SO	A	0.13%
JNPR	B	0.13%
TSCO	B	0.12%
XYL	C	0.12%
MCO	D	0.12%
YUM	B	0.12%
RPM	B	0.12%
BDX	C	0.12%
CLX	C	0.12%
IRM	A	0.12%
PNC	C	0.11%
DD	C	0.11%
BX	C	0.11%
EVR	C	0.11%
WBA	F	0.11%
FAST	C	0.11%
PWR	B	0.11%
BRO	A	0.11%
WELL	C	0.11%
MPWR	B	0.1%
AOS	B	0.1%
CW	A	0.1%
NVR	B	0.1%
USB	D	0.1%
DG	F	0.1%
ITW	B	0.1%
WTW	C	0.1%
CRS	C	0.1%
AVY	D	0.1%
HPE	B	0.1%
JKHY	A	0.1%
PSA	C	0.1%
ADP	A	0.1%
DGX	C	0.09%
AEO	C	0.09%
AEP	C	0.09%
OKE	A	0.09%
GPI	C	0.09%
TRGP	A	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	B	0.09%
URI	C	0.09%
KMI	A	0.09%
HLT	B	0.09%
TMHC	C	0.09%
JXN	A	0.09%
DASH	B	0.09%
SBUX	C	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
OTIS	A	0.08%
SLG	C	0.08%
SRE	B	0.08%
BIIB	F	0.08%
IP	C	0.08%
TFC	D	0.08%
CCI	C	0.08%
BALL	C	0.08%
STE	D	0.08%
GEHC	C	0.08%
IEX	D	0.08%
HRB	C	0.08%
AYI	A	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%
WMB	A	0.08%
KDP	C	0.08%
ECL	B	0.08%
NSC	D	0.07%
NSIT	B	0.07%
MLM	F	0.07%
COP	D	0.07%
BKR	B	0.07%
CHD	D	0.07%
R	C	0.07%
TTC	D	0.07%
UFPI	C	0.07%
AN	D	0.07%
MTH	C	0.07%
NKE	D	0.07%
HCC	C	0.07%
VNO	A	0.07%
BCC	C	0.07%
MLI	C	0.07%
WU	D	0.07%
ALNY	C	0.07%
MNST	D	0.07%
WCC	D	0.07%
LEN	B	0.07%
EXC	A	0.07%
THO	C	0.07%
EMR	B	0.07%
D	A	0.07%
POOL	B	0.07%
DHI	C	0.07%
CALM	A	0.07%
HLI	B	0.07%
ABG	F	0.07%
ZTS	C	0.06%
TXRH	C	0.06%
SEE	D	0.06%
BC	D	0.06%
CNX	A	0.06%
HSY	F	0.06%
STZ	D	0.06%
COIN	F	0.06%
JLL	C	0.06%
AMG	B	0.06%
ERIE	B	0.06%
TPH	C	0.06%
ED	A	0.06%
BERY	C	0.06%
JCI	C	0.06%
RGA	C	0.06%
PEG	A	0.06%
PK	D	0.06%
OMC	C	0.06%
CRI	D	0.06%
CPT	C	0.06%
MKC	C	0.06%
MMS	C	0.06%
O	A	0.06%
MSCI	B	0.06%
FCN	C	0.06%
TTWO	F	0.06%
CCK	C	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%
TOL	A	0.06%
ARW	C	0.05%
MHO	C	0.05%
NDSN	C	0.05%
NFG	A	0.05%
CBRE	B	0.05%
CUBE	C	0.05%
NDAQ	B	0.05%
URBN	F	0.05%
PPG	D	0.05%
FANG	C	0.05%
IBKR	A	0.05%
CAG	D	0.05%
VLTO	A	0.05%
HBI	C	0.05%
GNRC	B	0.05%
SLGN	C	0.05%
USFD	C	0.05%
CPB	D	0.05%
COOP	B	0.05%
G	A	0.05%
SQ	D	0.05%
ATI	C	0.05%
SEB	F	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
BAX	D	0.05%
LPLA	C	0.05%
WAB	B	0.05%
LUMN	C	0.05%
TEX	F	0.05%
WEN	D	0.05%
MTN	D	0.05%
ATGE	D	0.05%
ALLY	F	0.05%
CBT	C	0.05%
NXST	F	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
OGN	F	0.05%
EIX	B	0.05%
LECO	F	0.05%
GAP	F	0.05%
SKYW	C	0.05%
CARR	B	0.05%
LAMR	C	0.05%
TW	A	0.05%
POST	D	0.05%
SUI	D	0.05%
FIX	B	0.05%
CMC	D	0.05%
SLM	C	0.05%
LANC	F	0.04%
KBH	C	0.04%
TDS	B	0.04%
NYT	C	0.04%
DBRG	D	0.04%
PAYX	A	0.04%
UNM	A	0.04%
BHF	F	0.04%
AVT	C	0.04%
IFF	C	0.04%
BLD	D	0.04%
PPL	B	0.04%
CVLT	C	0.04%
TRN	C	0.04%
CDW	D	0.04%
BDC	B	0.04%
WTM	C	0.04%
JHG	B	0.04%
ES	D	0.04%
EXEL	B	0.04%
JWN	D	0.04%
NWSA	D	0.04%
ASO	D	0.04%
EQR	C	0.04%
CLH	C	0.04%
CMA	C	0.04%
CTVA	A	0.04%
FDS	C	0.04%
COLD	D	0.04%
SLVM	C	0.04%
PSTG	F	0.04%
SON	D	0.04%
EME	C	0.04%
ELS	D	0.04%
HUBG	D	0.04%
MAC	C	0.04%
AMH	D	0.04%
CPNG	C	0.04%
UHAL	B	0.04%
FITB	C	0.04%
GATX	F	0.04%
FLEX	C	0.04%
INVH	F	0.04%
TKR	D	0.04%
MAR	B	0.04%
FLO	D	0.04%
AROC	B	0.04%
TGNA	C	0.04%
FTI	B	0.04%
ULTA	D	0.04%
HEI	C	0.04%
SCHW	D	0.04%
SMG	B	0.04%
ABM	D	0.04%
CNO	C	0.04%
AGNC	C	0.04%
CE	C	0.04%
KD	D	0.04%
LOPE	D	0.04%
ETR	A	0.04%
OLN	C	0.04%
RGLD	C	0.04%
FL	F	0.04%
EMN	C	0.04%
SRCL	A	0.04%
THG	C	0.04%
DCI	C	0.04%
AR	B	0.04%
GVA	B	0.04%
CRUS	D	0.04%
WST	D	0.04%
SJM	D	0.04%
IPG	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	D	0.03%
APAM	C	0.03%
NTRS	C	0.03%
NEU	F	0.03%
MTG	B	0.03%
FHI	C	0.03%
PLXS	B	0.03%
KSS	D	0.03%
THS	D	0.03%
DRH	D	0.03%
LNC	D	0.03%
STC	C	0.03%
LW	D	0.03%
MSA	F	0.03%
LZB	D	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
DELL	C	0.03%
WHR	C	0.03%
ADNT	D	0.03%
COKE	C	0.03%
HOG	D	0.03%
XRAY	D	0.03%
XPO	F	0.03%
FNF	B	0.03%
DLTR	F	0.03%
AKAM	D	0.03%
HBAN	D	0.03%
DK	F	0.03%
SBAC	C	0.03%
BKU	D	0.03%
VC	F	0.03%
DDS	D	0.03%
MASI	B	0.03%
RLI	A	0.03%
OI	D	0.03%
DRI	C	0.03%
GMS	C	0.03%
RL	B	0.03%
COHR	A	0.03%
APLE	D	0.03%
MATX	C	0.03%
BURL	D	0.03%
WPC	C	0.03%
HOOD	C	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	C	0.03%
BFAM	B	0.03%
MC	C	0.03%
MTB	C	0.03%
WH	C	0.03%
GGG	C	0.03%
SM	C	0.03%
AWI	A	0.03%
MAN	D	0.03%
TFX	C	0.03%
OSK	F	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	C	0.03%
HUBB	B	0.03%
MDU	C	0.03%
CMS	A	0.03%
IVZ	B	0.03%
ACM	A	0.03%
BJ	C	0.03%
HSIC	D	0.03%
AMKR	F	0.03%
CFG	D	0.03%
DOX	B	0.03%
TPX	C	0.03%
SHOO	C	0.03%
RUSHA	D	0.03%
GEO	C	0.03%
PRIM	C	0.03%
SEM	D	0.03%
SANM	D	0.03%
KEX	C	0.02%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
CWEN	C	0.02%
AXTA	C	0.02%
LAD	C	0.02%
KIM	C	0.02%
FR	D	0.02%
ALGN	D	0.02%
DNOW	F	0.02%
EVRG	C	0.02%
WAL	C	0.02%
TTEK	A	0.02%
ATO	A	0.02%
APG	F	0.02%
BEN	F	0.02%
ODFL	F	0.02%
CROX	C	0.02%
NWL	F	0.02%
VSCO	C	0.02%
HP	D	0.02%
VFC	B	0.02%
AES	C	0.02%
SATS	C	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
EWBC	D	0.02%
HNI	C	0.02%
SNDR	C	0.02%
APOG	C	0.02%
LEG	D	0.02%
VSH	F	0.02%
PNR	B	0.02%
CCL	C	0.02%
BXP	C	0.02%
DORM	D	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
ZBRA	C	0.02%
SAM	C	0.02%
ESS	D	0.02%
M	F	0.02%
HST	D	0.02%
NAVI	F	0.02%
LNW	F	0.02%
DTE	A	0.02%
HRL	F	0.02%
GWRE	A	0.02%
VVV	F	0.02%
MCY	B	0.02%
LNT	A	0.02%
DOV	B	0.02%
YELP	F	0.02%
PMT	C	0.02%
CC	D	0.02%
CINF	B	0.02%
EPC	F	0.02%
MAA	D	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
NI	A	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
DOW	B	0.02%
RLJ	D	0.02%
GHC	C	0.02%
SXT	C	0.02%
MKTX	B	0.02%
DLB	C	0.02%
OHI	C	0.02%
KBR	B	0.02%
XHR	C	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	F	0.02%
AIR	D	0.02%
SKX	D	0.02%
HAE	D	0.02%
SBH	C	0.02%
GMED	D	0.02%
CTLT	A	0.02%
KMPR	D	0.02%
PSN	A	0.02%
GEF	D	0.02%
PFSI	C	0.02%
JBHT	D	0.02%
KEY	C	0.02%
WMS	D	0.02%
PINC	F	0.02%
RRC	B	0.02%
FAF	C	0.02%
PAG	D	0.02%
WRB	C	0.02%
ACA	C	0.02%
LBRDK	B	0.02%
JEF	A	0.02%
ORA	C	0.02%
OMF	F	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
CG	B	0.02%
HUN	C	0.01%
AAP	F	0.01%
KNX	D	0.01%
NOV	F	0.01%
SCL	D	0.01%
UHAL	B	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	C	0.01%
CACC	F	0.01%
KALU	D	0.01%
ECPG	F	0.01%
ELAN	C	0.01%
QRVO	F	0.01%
GIII	D	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	B	0.01%
ESI	C	0.01%
CFR	D	0.01%
UAL	B	0.01%
CNXN	C	0.01%
ALEX	D	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	C	0.01%
IMKTA	F	0.01%
CNS	C	0.01%
WOR	F	0.01%
SVC	F	0.01%
PNW	B	0.01%
IDCC	A	0.01%
SR	D	0.01%
PPC	D	0.01%
RKT	D	0.01%
UGI	C	0.01%
CLF	F	0.01%
TPR	C	0.01%
SPR	F	0.01%
SWX	C	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	D	0.01%
CENTA	F	0.01%
PECO	C	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	C	0.01%
PFG	C	0.01%
FLR	C	0.01%
ESAB	C	0.01%
WMK	D	0.01%
SPB	C	0.01%
JELD	C	0.01%
CBSH	D	0.01%
WTFC	C	0.01%
CADE	D	0.01%
CNM	F	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
DTM	A	0.01%
DXC	B	0.01%
FELE	C	0.01%
STRA	F	0.01%
SAIC	A	0.01%
CSGS	C	0.01%
TTMI	D	0.01%
KN	D	0.01%
BBWI	F	0.01%
DY	C	0.01%
CPRI	B	0.01%
VNT	F	0.01%
CR	C	0.01%
LEA	F	0.01%
WBS	D	0.01%
CVI	D	0.01%
OMI	F	0.01%
SF	A	0.01%
LADR	D	0.01%
NNI	C	0.01%
WWD	C	0.01%
ZION	D	0.01%
AMWD	C	0.01%
GME	D	0.01%
GOLF	F	0.01%
MHK	B	0.01%
NNN	A	0.01%
RBC	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	F	0.01%
H	C	0.01%
REZI	D	0.01%
SLB	D	0.01%
ADC	B	0.01%
PTEN	F	0.01%
ICUI	C	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	C	0.01%
SCS	F	0.01%
ESNT	C	0.01%
BWA	C	0.01%
LAUR	C	0.01%
RF	C	0.01%
BMRN	F	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 45 Positions Relative to FLSP

Symbol	Grade	Weight
INTU	F	-0.76%
CRM	B	-0.71%
MSFT	D	-0.66%
NVS	D	-0.6%
EOG	B	-0.31%
CDNS	D	-0.31%
FDX	F	-0.28%
TEL	D	-0.23%
LNG	A	-0.23%
IQV	F	-0.22%
BCS	D	-0.21%
CTSH	B	-0.2%
SNPS	F	-0.2%
MELI	D	-0.2%
SE	B	-0.17%
VICI	C	-0.15%
STT	C	-0.15%
LULU	D	-0.15%
LIN	B	-0.15%
PCAR	C	-0.14%
VEEV	C	-0.14%
EL	D	-0.14%
DVN	F	-0.14%
AWK	C	-0.12%
EXPE	B	-0.11%
TXT	F	-0.11%
STX	B	-0.11%
GOOG	B	-0.11%
LVS	B	-0.1%
CF	A	-0.1%
MOH	D	-0.1%
ZM	C	-0.1%
CBOE	B	-0.1%
BG	F	-0.09%
LYV	B	-0.09%
SNA	A	-0.08%
REG	C	-0.07%
DT	B	-0.07%
DOCU	B	-0.07%
OVV	D	-0.06%
CHKP	C	-0.06%
MTCH	B	-0.06%
TWLO	B	-0.06%
WYNN	B	-0.05%
AER	D	-0.04%