MFUS vs. FNDX ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

$50.02

Average Daily Volume

7,387

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$71.50

Average Daily Volume

430,315

Number of Holdings ^*

718

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FNDX
30 Days	1.34%	1.34%
60 Days	3.43%	2.80%
90 Days	4.18%	5.41%
12 Months	26.76%	23.82%

532 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in FNDX	Overlap
A	C	0.05%	0.06%	0.05%
AA	D	0.02%	0.05%	0.02%
AAP	F	0.01%	0.03%	0.01%
AAPL	D	0.67%	4.51%	0.67%
ABBV	C	1.34%	0.6%	0.6%
ABG	F	0.07%	0.02%	0.02%
ABM	D	0.04%	0.02%	0.02%
ACI	F	0.01%	0.02%	0.01%
ACM	B	0.04%	0.04%	0.04%
ACN	C	0.19%	0.34%	0.19%
ADBE	D	0.04%	0.22%	0.04%
ADM	D	0.32%	0.22%	0.22%
ADNT	F	0.02%	0.01%	0.01%
ADP	B	0.09%	0.15%	0.09%
ADSK	B	0.09%	0.03%	0.03%
AEO	D	0.09%	0.01%	0.01%
AES	C	0.03%	0.06%	0.03%
AFG	B	0.01%	0.05%	0.01%
AFL	B	0.19%	0.23%	0.19%
AGCO	D	0.02%	0.03%	0.02%
AIG	D	0.42%	0.28%	0.28%
AIZ	B	0.07%	0.03%	0.03%
AJG	C	0.09%	0.05%	0.05%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.36%	0.29%	0.29%
ALLY	F	0.1%	0.1%	0.1%
ALSN	B	0.08%	0.04%	0.04%
AMAT	D	0.44%	0.25%	0.25%
AMG	C	0.05%	0.03%	0.03%
AMGN	B	1.03%	0.48%	0.48%
AMP	B	0.08%	0.12%	0.08%
AMZN	C	1.27%	1.42%	1.27%
AN	D	0.08%	0.05%	0.05%
ANDE	D	0.02%	0.01%	0.01%
ANET	B	0.12%	0.04%	0.04%
ANSS	F	0.05%	0.02%	0.02%
AON	B	0.19%	0.13%	0.13%
AOS	C	0.11%	0.03%	0.03%
APH	D	0.1%	0.09%	0.09%
APO	C	0.1%	0.03%	0.03%
AR	D	0.04%	0.02%	0.02%
ARCH	F	0.01%	0.01%	0.01%
ARW	C	0.07%	0.08%	0.07%
ASO	C	0.03%	0.02%	0.02%
ATR	B	0.07%	0.02%	0.02%
AVGO	C	1.34%	0.68%	0.68%
AVT	D	0.04%	0.07%	0.04%
AVTR	B	0.03%	0.03%	0.03%
AVY	D	0.1%	0.04%	0.04%
AXP	B	0.19%	0.37%	0.19%
AXTA	C	0.02%	0.02%	0.02%
AYI	B	0.07%	0.04%	0.04%
AZO	D	0.3%	0.06%	0.06%
BAC	D	0.39%	1.22%	0.39%
BAH	B	0.14%	0.04%	0.04%
BALL	C	0.07%	0.06%	0.06%
BAX	C	0.04%	0.09%	0.04%
BBWI	F	0.02%	0.02%	0.02%
BBY	B	0.24%	0.19%	0.19%
BC	C	0.06%	0.03%	0.03%
BCC	C	0.06%	0.03%	0.03%
BDX	F	0.09%	0.11%	0.09%
BECN	D	0.01%	0.02%	0.01%
BEN	F	0.04%	0.04%	0.04%
BERY	B	0.06%	0.04%	0.04%
BIIB	F	0.08%	0.1%	0.08%
BJ	D	0.03%	0.02%	0.02%
BK	A	0.27%	0.26%	0.26%
BKNG	B	0.47%	0.2%	0.2%
BKR	D	0.16%	0.14%	0.14%
BLD	D	0.03%	0.01%	0.01%
BLDR	C	0.04%	0.04%	0.04%
BMY	C	0.28%	0.35%	0.28%
BR	D	0.16%	0.04%	0.04%
BRK.A	C	2.01%	2.29%	2.01%
BRO	C	0.13%	0.03%	0.03%
BSX	B	0.19%	0.09%	0.09%
BTU	D	0.04%	0.02%	0.02%
BURL	B	0.03%	0.03%	0.03%
BWA	D	0.05%	0.05%	0.05%
BX	B	0.23%	0.11%	0.11%
BXP	B	0.02%	0.05%	0.02%
C	D	1.22%	1.04%	1.04%
CACI	B	0.09%	0.03%	0.03%
CAG	B	0.05%	0.07%	0.05%
CAH	C	0.35%	0.07%	0.07%
CARR	B	0.12%	0.13%	0.12%
CASY	D	0.15%	0.05%	0.05%
CAT	C	0.41%	0.39%	0.39%
CB	B	0.16%	0.29%	0.16%
CC	F	0.02%	0.02%	0.02%
CCK	A	0.07%	0.04%	0.04%
CCL	C	0.05%	0.05%	0.05%
CDW	D	0.05%	0.06%	0.05%
CE	D	0.07%	0.06%	0.06%
CEG	C	0.09%	0.1%	0.09%
CFG	D	0.06%	0.1%	0.06%
CG	C	0.02%	0.03%	0.02%
CHD	C	0.07%	0.04%	0.04%
CHE	C	0.06%	0.01%	0.01%
CHRW	B	0.09%	0.07%	0.07%
CHTR	D	0.24%	0.32%	0.24%
CI	C	0.14%	0.55%	0.14%
CINF	B	0.02%	0.07%	0.02%
CL	C	0.33%	0.16%	0.16%
CLX	C	0.15%	0.04%	0.04%
CMA	B	0.04%	0.06%	0.04%
CMC	D	0.07%	0.03%	0.03%
CMCSA	D	0.24%	0.75%	0.24%
CME	C	0.2%	0.08%	0.08%
CMG	C	0.22%	0.04%	0.04%
CMI	C	0.11%	0.17%	0.11%
CNO	B	0.04%	0.04%	0.04%
CNX	A	0.06%	0.02%	0.02%
COF	C	0.42%	0.39%	0.39%
COHR	B	0.02%	0.01%	0.01%
COP	D	0.3%	0.42%	0.3%
COST	C	1.21%	0.73%	0.73%
CPAY	B	0.05%	0.05%	0.05%
CPB	B	0.01%	0.04%	0.01%
CPRI	D	0.01%	0.03%	0.01%
CPRT	D	0.19%	0.02%	0.02%
CPT	B	0.06%	0.02%	0.02%
CRBG	D	0.04%	0.03%	0.03%
CRI	C	0.06%	0.02%	0.02%
CRM	D	0.35%	0.12%	0.12%
CSCO	B	0.42%	0.73%	0.42%
CSL	C	0.01%	0.05%	0.01%
CSX	D	0.08%	0.21%	0.08%
CTAS	C	0.18%	0.09%	0.09%
CTLT	B	0.02%	0.02%	0.02%
CTRA	F	0.02%	0.01%	0.01%
CTVA	B	0.03%	0.09%	0.03%
CVS	D	0.8%	0.68%	0.68%
CVX	D	0.79%	1.07%	0.79%
CW	B	0.08%	0.03%	0.03%
DAN	F	0.01%	0.01%	0.01%
DCI	D	0.04%	0.02%	0.02%
DD	B	0.21%	0.18%	0.18%
DECK	C	0.17%	0.03%	0.03%
DELL	D	0.05%	0.01%	0.01%
DFS	C	0.08%	0.21%	0.08%
DG	F	0.05%	0.08%	0.05%
DGX	B	0.06%	0.07%	0.06%
DHR	B	0.27%	0.17%	0.17%
DINO	D	0.03%	0.05%	0.03%
DK	F	0.03%	0.01%	0.01%
DKS	D	0.09%	0.05%	0.05%
DLR	B	0.08%	0.08%	0.08%
DLTR	F	0.02%	0.04%	0.02%
DOV	B	0.02%	0.06%	0.02%
DOW	D	0.04%	0.2%	0.04%
DOX	C	0.03%	0.04%	0.03%
DPZ	F	0.18%	0.04%	0.04%
DRI	C	0.03%	0.05%	0.03%
DUK	C	0.13%	0.34%	0.13%
DVA	B	0.18%	0.07%	0.07%
DXC	C	0.02%	0.05%	0.02%
EA	D	0.09%	0.08%	0.08%
EBAY	B	0.34%	0.19%	0.19%
ECL	B	0.08%	0.09%	0.08%
EFX	C	0.09%	0.04%	0.04%
EHC	B	0.08%	0.02%	0.02%
ELV	C	0.08%	0.5%	0.08%
EME	B	0.03%	0.06%	0.03%
EMN	B	0.06%	0.08%	0.06%
EMR	D	0.15%	0.15%	0.15%
EOG	D	0.11%	0.2%	0.11%
EQH	C	0.07%	0.05%	0.05%
EQIX	B	0.03%	0.08%	0.03%
ETN	C	0.18%	0.21%	0.18%
EVR	B	0.12%	0.04%	0.04%
EVRG	A	0.01%	0.07%	0.01%
EWBC	C	0.02%	0.03%	0.02%
EXC	B	0.12%	0.18%	0.12%
EXP	B	0.05%	0.02%	0.02%
EXPD	B	0.07%	0.02%	0.02%
EXR	B	0.07%	0.04%	0.04%
F	D	0.33%	0.31%	0.31%
FAF	B	0.02%	0.04%	0.02%
FANG	D	0.04%	0.05%	0.04%
FAST	C	0.1%	0.07%	0.07%
FCNCA	D	0.05%	0.02%	0.02%
FCX	D	0.09%	0.13%	0.09%
FFIV	A	0.04%	0.03%	0.03%
FHN	D	0.01%	0.03%	0.01%
FIS	B	0.08%	0.13%	0.08%
FITB	B	0.05%	0.13%	0.05%
FL	D	0.05%	0.03%	0.03%
FLEX	C	0.05%	0.05%	0.05%
FLO	C	0.04%	0.02%	0.02%
FLR	D	0.01%	0.03%	0.01%
FNF	A	0.03%	0.07%	0.03%
FOXA	B	0.08%	0.09%	0.08%
FTI	D	0.1%	0.02%	0.02%
FTNT	C	0.06%	0.03%	0.03%
FYBR	C	0.01%	0.04%	0.01%
G	C	0.05%	0.02%	0.02%
GAP	F	0.07%	0.04%	0.04%
GD	B	0.17%	0.23%	0.17%
GDDY	C	0.09%	0.03%	0.03%
GE	B	1.09%	0.18%	0.18%
GEHC	C	0.02%	0.07%	0.02%
GGG	C	0.04%	0.02%	0.02%
GILD	B	0.78%	0.35%	0.35%
GIS	B	0.11%	0.13%	0.11%
GLPI	B	0.07%	0.02%	0.02%
GLW	B	0.2%	0.14%	0.14%
GM	B	0.56%	0.69%	0.56%
GNRC	D	0.04%	0.02%	0.02%
GNTX	F	0.06%	0.03%	0.03%
GNW	B	0.04%	0.03%	0.03%
GOOGL	D	1.17%	1.22%	1.17%
GPC	D	0.02%	0.05%	0.02%
GPI	B	0.09%	0.05%	0.05%
GPK	B	0.1%	0.03%	0.03%
GS	D	0.45%	0.56%	0.45%
GT	F	0.03%	0.03%	0.03%
GWW	B	0.17%	0.07%	0.07%
HAL	F	0.04%	0.06%	0.04%
HBAN	B	0.03%	0.07%	0.03%
HBI	B	0.03%	0.03%	0.03%
HCA	B	0.13%	0.25%	0.13%
HD	B	0.39%	0.78%	0.39%
HIG	A	0.06%	0.15%	0.06%
HII	C	0.02%	0.04%	0.02%
HLT	B	0.08%	0.06%	0.06%
HOG	C	0.02%	0.02%	0.02%
HOLX	B	0.03%	0.04%	0.03%
HPE	D	0.2%	0.18%	0.18%
HPQ	D	0.27%	0.2%	0.2%
HRB	C	0.09%	0.02%	0.02%
HRL	C	0.01%	0.03%	0.01%
HSIC	C	0.03%	0.04%	0.03%
HST	D	0.02%	0.04%	0.02%
HSY	C	0.06%	0.04%	0.04%
HUBB	B	0.08%	0.03%	0.03%
HUBG	C	0.04%	0.02%	0.02%
HUN	D	0.01%	0.03%	0.01%
HWM	B	0.12%	0.06%	0.06%
IBM	B	1.32%	0.61%	0.61%
ICE	B	0.29%	0.13%	0.13%
IDXX	C	0.06%	0.03%	0.03%
IEX	D	0.08%	0.02%	0.02%
IFF	B	0.03%	0.06%	0.03%
INGR	A	0.06%	0.05%	0.05%
INTC	F	0.36%	0.6%	0.36%
INTU	D	0.26%	0.11%	0.11%
INVH	C	0.06%	0.03%	0.03%
IP	B	0.12%	0.15%	0.12%
IPG	C	0.07%	0.04%	0.04%
IR	C	0.09%	0.03%	0.03%
IRM	B	0.11%	0.08%	0.08%
IT	B	0.16%	0.03%	0.03%
ITT	C	0.08%	0.03%	0.03%
ITW	B	0.08%	0.15%	0.08%
IVZ	C	0.05%	0.04%	0.04%
JAZZ	D	0.01%	0.01%	0.01%
JBHT	D	0.02%	0.04%	0.02%
JBL	D	0.07%	0.05%	0.05%
JEF	B	0.03%	0.05%	0.03%
JHG	B	0.03%	0.03%	0.03%
JKHY	B	0.1%	0.02%	0.02%
JLL	B	0.05%	0.09%	0.05%
JNJ	B	1.03%	1.0%	1.0%
JNPR	A	0.13%	0.05%	0.05%
JPM	D	0.9%	1.94%	0.9%
JWN	B	0.03%	0.02%	0.02%
JXN	B	0.09%	0.04%	0.04%
K	A	0.1%	0.07%	0.07%
KBH	B	0.04%	0.03%	0.03%
KBR	D	0.02%	0.02%	0.02%
KD	D	0.06%	0.05%	0.05%
KDP	A	0.06%	0.08%	0.06%
KEY	B	0.02%	0.1%	0.02%
KHC	C	0.16%	0.11%	0.11%
KKR	B	0.13%	0.11%	0.11%
KLAC	D	0.23%	0.1%	0.1%
KMB	D	0.16%	0.11%	0.11%
KMI	A	0.08%	0.19%	0.08%
KNX	C	0.01%	0.04%	0.01%
KO	B	0.6%	0.43%	0.43%
KR	B	0.34%	0.3%	0.3%
KSS	F	0.06%	0.07%	0.06%
L	B	0.08%	0.05%	0.05%
LAD	C	0.01%	0.05%	0.01%
LAMR	A	0.05%	0.02%	0.02%
LDOS	C	0.08%	0.08%	0.08%
LEA	D	0.03%	0.05%	0.03%
LECO	F	0.08%	0.02%	0.02%
LEG	D	0.02%	0.01%	0.01%
LEN	B	0.08%	0.19%	0.08%
LHX	D	0.19%	0.16%	0.16%
LII	B	0.23%	0.03%	0.03%
LLY	C	2.48%	0.27%	0.27%
LMT	C	0.52%	0.4%	0.4%
LNC	D	0.05%	0.05%	0.05%
LOW	B	0.23%	0.42%	0.23%
LPLA	D	0.07%	0.03%	0.03%
LPX	B	0.06%	0.03%	0.03%
LRCX	F	0.27%	0.16%	0.16%
LSTR	D	0.08%	0.02%	0.02%
LUMN	C	0.08%	0.57%	0.08%
LVS	D	0.01%	0.03%	0.01%
LW	D	0.04%	0.01%	0.01%
LYB	F	0.21%	0.16%	0.16%
M	F	0.04%	0.05%	0.04%
MA	B	0.79%	0.28%	0.28%
MAN	C	0.04%	0.05%	0.04%
MAR	C	0.11%	0.08%	0.08%
MAS	B	0.06%	0.06%	0.06%
MATX	C	0.02%	0.01%	0.01%
MCD	C	0.4%	0.34%	0.34%
MCK	F	0.51%	0.1%	0.1%
MCO	A	0.03%	0.08%	0.03%
MDLZ	B	0.22%	0.23%	0.22%
MDU	B	0.03%	0.02%	0.02%
MET	A	0.36%	0.26%	0.26%
META	A	2.02%	1.85%	1.85%
MHK	B	0.01%	0.07%	0.01%
MKC	B	0.08%	0.04%	0.04%
MKL	C	0.03%	0.04%	0.03%
MKSI	F	0.01%	0.02%	0.01%
MLI	B	0.06%	0.03%	0.03%
MLM	D	0.06%	0.04%	0.04%
MMC	C	0.19%	0.15%	0.15%
MMM	B	0.41%	0.4%	0.4%
MMS	D	0.06%	0.01%	0.01%
MNST	C	0.06%	0.04%	0.04%
MO	C	0.52%	0.39%	0.39%
MOH	C	0.03%	0.05%	0.03%
MOS	F	0.04%	0.05%	0.04%
MPC	D	0.64%	0.41%	0.41%
MRK	D	0.87%	0.51%	0.51%
MRO	D	0.1%	0.08%	0.08%
MSCI	C	0.07%	0.03%	0.03%
MSI	C	0.15%	0.06%	0.06%
MSM	D	0.06%	0.01%	0.01%
MTB	B	0.03%	0.09%	0.03%
MTD	D	0.08%	0.04%	0.04%
MTG	B	0.04%	0.03%	0.03%
MTH	B	0.08%	0.04%	0.04%
MTN	D	0.05%	0.01%	0.01%
MU	F	0.15%	0.35%	0.15%
MUR	D	0.05%	0.02%	0.02%
MUSA	C	0.17%	0.05%	0.05%
NAVI	C	0.03%	0.02%	0.02%
NDAQ	B	0.02%	0.03%	0.02%
NDSN	C	0.04%	0.02%	0.02%
NEM	B	0.09%	0.19%	0.09%
NFG	B	0.04%	0.02%	0.02%
NFLX	B	0.44%	0.15%	0.15%
NKE	D	0.04%	0.18%	0.04%
NOC	B	0.23%	0.21%	0.21%
NOV	D	0.04%	0.02%	0.02%
NOW	A	0.37%	0.01%	0.01%
NRG	C	0.07%	0.11%	0.07%
NSIT	C	0.06%	0.02%	0.02%
NTAP	D	0.08%	0.08%	0.08%
NTRS	B	0.02%	0.07%	0.02%
NUE	F	0.08%	0.18%	0.08%
NVDA	D	1.6%	0.38%	0.38%
NVR	B	0.07%	0.08%	0.07%
NVT	D	0.02%	0.02%	0.02%
NWL	D	0.02%	0.03%	0.02%
NWSA	D	0.06%	0.04%	0.04%
NXST	D	0.05%	0.03%	0.03%
OC	C	0.07%	0.06%	0.06%
ODFL	C	0.02%	0.05%	0.02%
ODP	F	0.02%	0.01%	0.01%
OGN	D	0.08%	0.07%	0.07%
OI	D	0.03%	0.02%	0.02%
OKE	B	0.08%	0.13%	0.08%
OLN	D	0.04%	0.03%	0.03%
OMC	A	0.06%	0.08%	0.06%
OMF	C	0.03%	0.05%	0.03%
ORCL	B	1.13%	0.47%	0.47%
ORLY	B	0.18%	0.1%	0.1%
OSK	D	0.07%	0.03%	0.03%
OTIS	D	0.07%	0.05%	0.05%
PAG	D	0.04%	0.02%	0.02%
PANW	D	0.25%	0.03%	0.03%
PARA	F	0.02%	0.09%	0.02%
PAYX	C	0.03%	0.06%	0.03%
PBF	F	0.06%	0.03%	0.03%
PCAR	D	0.08%	0.13%	0.08%
PEG	B	0.05%	0.11%	0.05%
PEP	C	0.62%	0.45%	0.45%
PFE	C	0.53%	0.75%	0.53%
PFG	B	0.01%	0.08%	0.01%
PG	C	0.88%	0.84%	0.84%
PGR	A	0.5%	0.26%	0.26%
PH	B	0.13%	0.12%	0.12%
PHM	B	0.17%	0.13%	0.13%
PK	D	0.06%	0.02%	0.02%
PKG	B	0.05%	0.07%	0.05%
PM	C	0.56%	0.51%	0.51%
PNC	B	0.1%	0.29%	0.1%
PNR	B	0.08%	0.04%	0.04%
POOL	C	0.07%	0.02%	0.02%
POST	C	0.05%	0.02%	0.02%
PPG	C	0.04%	0.08%	0.04%
PRU	C	0.25%	0.23%	0.23%
PSA	B	0.03%	0.06%	0.03%
PSX	D	0.54%	0.36%	0.36%
PVH	F	0.04%	0.04%	0.04%
PWR	B	0.13%	0.06%	0.06%
QCOM	D	0.62%	0.47%	0.47%
QRVO	F	0.01%	0.05%	0.01%
R	B	0.06%	0.06%	0.06%
REGN	C	0.45%	0.16%	0.16%
REZI	D	0.02%	0.02%	0.02%
RGA	B	0.05%	0.04%	0.04%
RHI	D	0.02%	0.03%	0.02%
RJF	C	0.01%	0.04%	0.01%
RL	B	0.04%	0.03%	0.03%
RMD	C	0.13%	0.04%	0.04%
ROP	C	0.06%	0.05%	0.05%
ROST	C	0.07%	0.08%	0.07%
RPM	B	0.11%	0.04%	0.04%
RS	D	0.08%	0.08%	0.08%
RSG	D	0.13%	0.07%	0.07%
RUSHA	C	0.03%	0.02%	0.02%
SAIC	C	0.01%	0.03%	0.01%
SANM	D	0.05%	0.03%	0.03%
SBAC	C	0.03%	0.02%	0.02%
SBUX	C	0.06%	0.27%	0.06%
SCHW	D	0.16%	0.1%	0.1%
SCI	B	0.06%	0.03%	0.03%
SEE	D	0.06%	0.02%	0.02%
SEIC	B	0.07%	0.02%	0.02%
SFM	B	0.19%	0.05%	0.05%
SHW	B	0.21%	0.09%	0.09%
SJM	C	0.03%	0.06%	0.03%
SKX	C	0.02%	0.03%	0.02%
SLB	F	0.09%	0.11%	0.09%
SLG	B	0.07%	0.03%	0.03%
SLM	C	0.06%	0.04%	0.04%
SM	D	0.03%	0.02%	0.02%
SNV	C	0.01%	0.02%	0.01%
SON	C	0.04%	0.03%	0.03%
SPG	B	0.15%	0.11%	0.11%
SPGI	B	0.06%	0.15%	0.06%
STE	C	0.12%	0.03%	0.03%
STLD	D	0.04%	0.09%	0.04%
STZ	C	0.04%	0.08%	0.04%
SUI	B	0.05%	0.03%	0.03%
SWN	D	0.01%	0.03%	0.01%
SYF	C	0.29%	0.27%	0.27%
SYY	D	0.07%	0.1%	0.07%
T	B	1.23%	1.37%	1.23%
TAP	C	0.08%	0.05%	0.05%
TDG	B	0.15%	0.08%	0.08%
TDS	C	0.03%	0.04%	0.03%
TER	D	0.03%	0.05%	0.03%
TFC	D	0.09%	0.22%	0.09%
TFX	C	0.03%	0.02%	0.02%
TGNA	C	0.04%	0.02%	0.02%
TGT	C	0.68%	0.37%	0.37%
THC	B	0.27%	0.08%	0.08%
THG	A	0.04%	0.02%	0.02%
THO	D	0.06%	0.04%	0.04%
TJX	C	0.34%	0.24%	0.24%
TKR	D	0.05%	0.02%	0.02%
TMHC	B	0.08%	0.04%	0.04%
TMUS	C	0.31%	0.24%	0.24%
TOL	B	0.1%	0.06%	0.06%
TPH	C	0.05%	0.03%	0.03%
TPR	C	0.01%	0.04%	0.01%
TPX	C	0.06%	0.02%	0.02%
TRGP	B	0.13%	0.06%	0.06%
TROW	D	0.08%	0.11%	0.08%
TRV	B	0.32%	0.3%	0.3%
TSCO	C	0.07%	0.06%	0.06%
TSN	C	0.22%	0.2%	0.2%
TTC	D	0.07%	0.02%	0.02%
TTWO	D	0.07%	0.02%	0.02%
TXN	C	0.21%	0.34%	0.21%
TXT	D	0.03%	0.06%	0.03%
UBER	C	0.21%	0.04%	0.04%
UDR	B	0.03%	0.03%	0.03%
UFPI	C	0.06%	0.03%	0.03%
UHAL	B	0.03%	0.02%	0.02%
UHAL	B	0.01%	0.02%	0.01%
UHS	B	0.09%	0.1%	0.09%
ULTA	D	0.04%	0.03%	0.03%
UNM	B	0.1%	0.05%	0.05%
UNP	B	0.48%	0.4%	0.4%
UPS	D	0.19%	0.25%	0.19%
URI	B	0.09%	0.12%	0.09%
USB	B	0.11%	0.3%	0.11%
USFD	B	0.09%	0.07%	0.07%
V	B	0.86%	0.35%	0.35%
VFC	C	0.02%	0.06%	0.02%
VLO	D	0.54%	0.38%	0.38%
VMC	D	0.06%	0.04%	0.04%
VNO	B	0.06%	0.05%	0.05%
VRSK	D	0.2%	0.04%	0.04%
VRSN	D	0.04%	0.01%	0.01%
VRTX	D	0.21%	0.08%	0.08%
VSH	D	0.03%	0.01%	0.01%
VST	C	0.26%	0.11%	0.11%
VTRS	C	0.13%	0.1%	0.1%
VZ	B	1.01%	1.32%	1.01%
WAB	A	0.04%	0.06%	0.04%
WAT	C	0.05%	0.04%	0.04%
WBA	F	0.14%	0.14%	0.14%
WCC	C	0.08%	0.03%	0.03%
WDC	D	0.15%	0.13%	0.13%
WELL	B	0.12%	0.11%	0.11%
WERN	D	0.02%	0.02%	0.02%
WFC	D	1.4%	1.06%	1.06%
WHR	D	0.04%	0.06%	0.04%
WM	D	0.23%	0.15%	0.15%
WMB	B	0.08%	0.15%	0.08%
WMT	B	1.87%	1.51%	1.51%
WPC	B	0.05%	0.02%	0.02%
WRB	C	0.02%	0.04%	0.02%
WSM	C	0.21%	0.05%	0.05%
WSO	C	0.2%	0.03%	0.03%
WST	D	0.04%	0.02%	0.02%
WTW	B	0.05%	0.07%	0.05%
WU	D	0.08%	0.04%	0.04%
X	D	0.06%	0.07%	0.06%
XOM	D	0.99%	1.92%	0.99%
XRAY	D	0.04%	0.02%	0.02%
XRX	F	0.02%	0.02%	0.02%
XYL	D	0.11%	0.04%	0.04%
YUM	D	0.1%	0.08%	0.08%
ZION	D	0.03%	0.05%	0.03%
ZTS	B	0.04%	0.08%	0.04%

MFUS Overweight 248 Positions Relative to FNDX

Symbol	Grade	Weight
ANF	D	0.26%
FICO	A	0.22%
UTHR	C	0.16%
SMCI	F	0.14%
CRS	B	0.1%
ERIE	A	0.09%
DASH	C	0.09%
ARES	B	0.09%
HLI	B	0.08%
TYL	C	0.08%
RCL	B	0.08%
BWXT	D	0.08%
MPWR	C	0.08%
CALM	B	0.07%
FCN	C	0.07%
HCC	F	0.06%
TEX	D	0.06%
COIN	F	0.06%
ATGE	D	0.05%
CBT	B	0.05%
CRUS	D	0.05%
SKYW	C	0.05%
ATI	C	0.05%
WEN	C	0.05%
ROL	C	0.05%
LOPE	D	0.05%
VIRT	B	0.05%
TW	A	0.05%
TXRH	D	0.05%
NYT	C	0.05%
PTC	D	0.05%
IBKR	B	0.05%
FIX	B	0.05%
URBN	D	0.05%
FDS	C	0.05%
MHO	B	0.05%
KTB	B	0.05%
APLE	D	0.04%
GEO	F	0.04%
SAIA	D	0.04%
WTM	F	0.04%
FHI	A	0.04%
COLD	D	0.04%
GATX	D	0.04%
VC	F	0.04%
PR	D	0.04%
AMH	C	0.04%
HEI	B	0.04%
RGLD	B	0.04%
GVA	B	0.04%
RRC	D	0.04%
NBIX	F	0.04%
ENTG	D	0.04%
PINS	F	0.04%
ELS	C	0.04%
SEB	C	0.04%
AGNC	A	0.04%
MOG.A	B	0.04%
HXL	F	0.04%
SRCL	A	0.04%
BDC	B	0.04%
LANC	D	0.04%
SIG	C	0.04%
SMG	C	0.04%
COOP	B	0.04%
CLH	B	0.04%
CUBE	B	0.04%
SLGN	B	0.04%
MAC	B	0.04%
NEU	D	0.03%
SSD	C	0.03%
OKTA	F	0.03%
COKE	C	0.03%
HOOD	C	0.03%
VVV	D	0.03%
FR	C	0.03%
PRG	B	0.03%
MC	B	0.03%
RLI	B	0.03%
BKU	C	0.03%
BRKR	D	0.03%
AWI	B	0.03%
PRIM	C	0.03%
YELP	F	0.03%
GBX	C	0.03%
WH	B	0.03%
HP	D	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
BFAM	C	0.03%
AMKR	F	0.03%
MORN	C	0.03%
WTS	C	0.03%
SBH	B	0.03%
DLB	D	0.03%
RPRX	C	0.03%
TRN	C	0.03%
AVA	B	0.03%
PDCO	F	0.03%
MANH	B	0.03%
SEM	D	0.03%
SLVM	B	0.03%
ACA	C	0.03%
FND	C	0.03%
BHF	D	0.03%
MSA	C	0.03%
XPO	D	0.03%
CVLT	B	0.03%
APP	B	0.03%
APG	D	0.03%
PSTG	F	0.03%
GMS	C	0.03%
AROC	C	0.03%
CPNG	B	0.03%
DDS	D	0.03%
TTEK	C	0.02%
APOG	B	0.02%
HNI	B	0.02%
LXP	B	0.02%
SNDR	B	0.02%
DORM	B	0.02%
CHDN	C	0.02%
OSIS	C	0.02%
SNAP	F	0.02%
GES	F	0.02%
BMRN	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	C	0.02%
GWRE	A	0.02%
LBRDK	D	0.02%
XHR	C	0.02%
AIT	C	0.02%
NTCT	D	0.02%
PMT	B	0.02%
SXT	C	0.02%
GHC	C	0.02%
EPC	F	0.02%
NSP	D	0.02%
VSTO	B	0.02%
PSN	B	0.02%
WMS	D	0.02%
FLS	D	0.02%
RLJ	D	0.02%
MKTX	C	0.02%
PFSI	B	0.02%
GEF	D	0.02%
HAE	D	0.02%
GMED	D	0.02%
AIR	C	0.02%
KMPR	D	0.02%
LNW	B	0.02%
ORA	C	0.02%
CXW	F	0.02%
PLXS	B	0.02%
APAM	C	0.02%
CHRD	F	0.02%
TDC	F	0.02%
PNM	B	0.02%
EXEL	B	0.02%
DRH	C	0.02%
PINC	C	0.02%
LZB	C	0.02%
MASI	D	0.02%
VNT	D	0.02%
SHO	D	0.02%
STC	B	0.02%
BKE	B	0.02%
UNF	B	0.02%
RYN	C	0.02%
THS	C	0.02%
SCHL	D	0.01%
SCL	D	0.01%
LYFT	D	0.01%
CACC	D	0.01%
KALU	F	0.01%
UAL	B	0.01%
SCCO	D	0.01%
ECPG	C	0.01%
WGO	D	0.01%
UVV	D	0.01%
ESI	D	0.01%
HELE	D	0.01%
HPP	D	0.01%
MTDR	D	0.01%
MLKN	D	0.01%
SWX	C	0.01%
ELAN	D	0.01%
WOR	F	0.01%
JELD	D	0.01%
CNM	F	0.01%
SYNA	F	0.01%
ESAB	C	0.01%
SIGI	C	0.01%
ARCB	D	0.01%
INCY	C	0.01%
CENTA	D	0.01%
JBGS	B	0.01%
AMED	C	0.01%
FELE	C	0.01%
DTM	B	0.01%
WAFD	B	0.01%
SPB	B	0.01%
WMK	C	0.01%
BRC	B	0.01%
DY	B	0.01%
CADE	B	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%
STRA	D	0.01%
SF	A	0.01%
TTMI	D	0.01%
CVI	F	0.01%
DEI	B	0.01%
AMWD	C	0.01%
WBS	C	0.01%
TREX	F	0.01%
WWD	D	0.01%
LAUR	B	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	C	0.01%
RBC	C	0.01%
IOSP	D	0.01%
LADR	B	0.01%
GOLF	F	0.01%
KEX	C	0.01%
PSMT	B	0.01%
TNET	D	0.01%
CWEN	B	0.01%
BHE	C	0.01%
OLLI	C	0.01%
PTEN	F	0.01%
ESNT	B	0.01%
PHIN	B	0.01%
SCS	B	0.01%
DNOW	D	0.01%
WAL	B	0.01%
SATS	B	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 187 Positions Relative to FNDX

Symbol	Grade	Weight
MSFT	C	-2.54%
UNH	C	-1.25%
GOOG	D	-1.06%
RTX	C	-0.37%
DIS	D	-0.37%
MS	D	-0.35%
LIN	B	-0.35%
ABT	C	-0.34%
HON	D	-0.34%
FDX	C	-0.32%
SO	B	-0.29%
NEE	B	-0.29%
TMO	C	-0.29%
MDT	C	-0.27%
BLK	A	-0.26%
CNC	C	-0.25%
DE	B	-0.22%
HUM	F	-0.21%
NSC	C	-0.21%
DHI	B	-0.2%
TSLA	C	-0.19%
PYPL	B	-0.19%
D	C	-0.19%
CTSH	C	-0.18%
AEP	B	-0.18%
JCI	B	-0.15%
BA	F	-0.14%
AMT	C	-0.14%
SYK	C	-0.13%
ED	C	-0.13%
ADI	D	-0.13%
XEL	A	-0.12%
SRE	B	-0.12%
CBRE	A	-0.12%
BG	D	-0.11%
ETR	A	-0.11%
EIX	C	-0.11%
TEL	D	-0.11%
SW	B	-0.11%
CCI	B	-0.11%
OXY	F	-0.11%
PPL	C	-0.11%
APD	B	-0.11%
STX	D	-0.1%
FE	C	-0.1%
TT	B	-0.09%
ISRG	C	-0.09%
ES	C	-0.09%
VTR	C	-0.09%
WY	C	-0.09%
STT	A	-0.09%
AMD	F	-0.09%
RF	B	-0.08%
NXPI	D	-0.08%
GPN	D	-0.08%
SWK	B	-0.08%
DVN	F	-0.08%
PLD	C	-0.08%
IQV	C	-0.08%
DTE	B	-0.08%
WEC	B	-0.08%
KMX	D	-0.07%
AEE	B	-0.07%
AVB	B	-0.06%
CNP	C	-0.06%
WBD	D	-0.06%
EQR	B	-0.06%
CF	B	-0.06%
CMS	A	-0.06%
GRMN	D	-0.05%
ZBH	F	-0.05%
NI	B	-0.05%
AME	C	-0.05%
ACGL	B	-0.05%
SIRI	C	-0.05%
GEV	B	-0.05%
ORI	A	-0.05%
AWK	A	-0.05%
SWKS	F	-0.05%
LKQ	D	-0.05%
LNG	D	-0.05%
PFGC	B	-0.05%
ROK	D	-0.05%
MGM	D	-0.05%
MCHP	D	-0.05%
J	D	-0.05%
ZBRA	B	-0.04%
ESS	B	-0.04%
HAS	B	-0.04%
MAA	B	-0.04%
BAP	A	-0.04%
MRVL	C	-0.04%
EL	F	-0.04%
EW	F	-0.04%
ON	D	-0.04%
SSNC	B	-0.04%
MRNA	F	-0.04%
ATO	B	-0.04%
DOC	C	-0.04%
SOLV	C	-0.04%
O	B	-0.04%
APTV	D	-0.04%
LNT	A	-0.04%
ZIM	C	-0.04%
SNA	B	-0.04%
HES	D	-0.04%
PNW	B	-0.04%
OVV	D	-0.04%
UGI	C	-0.04%
REG	C	-0.03%
CIEN	C	-0.03%
TRMB	C	-0.03%
ILMN	C	-0.03%
CLF	F	-0.03%
EG	B	-0.03%
AER	C	-0.03%
BPOP	C	-0.03%
RRX	C	-0.03%
EXPE	C	-0.03%
PCG	C	-0.03%
VOYA	A	-0.03%
TRU	B	-0.03%
FMC	C	-0.03%
KVUE	B	-0.03%
SNPS	D	-0.03%
CHKP	C	-0.03%
APA	F	-0.03%
CDNS	D	-0.03%
MTZ	B	-0.03%
KIM	B	-0.03%
OGE	B	-0.03%
ARMK	B	-0.03%
GL	C	-0.03%
CCEP	B	-0.03%
ARE	B	-0.03%
FTV	C	-0.03%
KEYS	C	-0.03%
CNH	C	-0.03%
EQT	D	-0.03%
EPAM	D	-0.02%
UNFI	C	-0.02%
CBOE	C	-0.02%
CZR	C	-0.02%
MIDD	C	-0.02%
WLK	D	-0.02%
CAR	F	-0.02%
GXO	D	-0.02%
AMCR	C	-0.02%
ICLR	D	-0.02%
LULU	D	-0.02%
PENN	D	-0.02%
PRGO	D	-0.02%
SQ	D	-0.02%
DAR	F	-0.02%
CHK	D	-0.02%
CYH	B	-0.02%
AL	D	-0.02%
ALLE	B	-0.02%
FSLR	C	-0.02%
POR	B	-0.02%
ASGN	D	-0.02%
ALB	F	-0.02%
QRTEA	F	-0.02%
ST	D	-0.02%
DAL	C	-0.02%
MPW	C	-0.02%
STWD	A	-0.02%
LUV	C	-0.02%
PII	D	-0.02%
PRI	B	-0.02%
TDY	C	-0.02%
VICI	C	-0.02%
BRX	B	-0.02%
ALV	F	-0.02%
SNX	D	-0.02%
HTZ	D	-0.01%
ALK	C	-0.01%
CNXC	D	-0.01%
DBX	D	-0.01%
CRL	D	-0.01%
WTRG	D	-0.01%
VAC	F	-0.01%
TNL	D	-0.01%
LILAK	D	-0.01%
SPTN	C	-0.01%
BIG	F	-0.0%
AAL	D	-0.0%