MFUS vs. GGUS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS)

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

GGUS

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

GGUS Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index. The index is designed to measure the performance of the large- and mid-capitalization growth segment of U.S. equity issuers, with a capping methodology.

Grade (RS Rating)

Last Trade

$54.08

Average Daily Volume

26,758

Number of Holdings ^*

376

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GGUS
30 Days	2.73%	5.06%
60 Days	3.41%	5.50%
90 Days	5.38%	7.94%
12 Months	32.49%

221 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in GGUS	Overlap
	AAPL	C	0.96%	11.27%	0.96%
	ABBV	D	1.36%	0.56%	0.56%
	ADBE	C	0.04%	0.98%	0.04%
	ADP	B	0.11%	0.5%	0.11%
	ADSK	A	0.09%	0.29%	0.09%
	AJG	B	0.16%	0.02%	0.02%
	ALGN	D	0.01%	0.04%	0.01%
	ALL	A	0.26%	0.04%	0.04%
	ALLY	C	0.05%	0.01%	0.01%
	ALNY	D	0.06%	0.11%	0.06%
	AMAT	F	0.55%	0.57%	0.55%
	AMGN	D	0.94%	0.51%	0.51%
	AMP	A	0.18%	0.23%	0.18%
	AMT	D	0.13%	0.41%	0.13%
	AMZN	C	1.71%	4.31%	1.71%
	ANET	C	0.14%	0.42%	0.14%
	APH	A	0.12%	0.21%	0.12%
	APP	B	0.11%	0.34%	0.11%
	ARES	A	0.09%	0.13%	0.09%
	AVGO	D	1.59%	3.32%	1.59%
	AVY	D	0.09%	0.03%	0.03%
	AWI	A	0.04%	0.01%	0.01%
	AXP	A	0.23%	0.26%	0.23%
	AZO	C	0.28%	0.22%	0.22%
	BAH	F	0.15%	0.08%	0.08%
	BFAM	D	0.02%	0.0%	0.0%
	BKNG	A	0.42%	0.71%	0.42%
	BLD	D	0.03%	0.0%	0.0%
	BLDR	D	0.04%	0.01%	0.01%
	BR	A	0.17%	0.11%	0.11%
	BRKR	D	0.02%	0.01%	0.01%
	BRO	B	0.12%	0.05%	0.05%
	BURL	A	0.03%	0.08%	0.03%
	BWXT	B	0.11%	0.01%	0.01%
	BX	A	0.13%	0.57%	0.13%
	CACC	D	0.01%	0.01%	0.01%
	CAH	B	0.27%	0.08%	0.08%
	CASY	A	0.16%	0.01%	0.01%
	CAT	B	0.2%	0.12%	0.12%
	CDW	F	0.03%	0.05%	0.03%
	CE	F	0.02%	0.01%	0.01%
	CEG	D	0.11%	0.05%	0.05%
	CHE	D	0.06%	0.0%	0.0%
	CI	F	0.13%	0.04%	0.04%
	CL	D	0.35%	0.19%	0.19%
	CLF	F	0.01%	0.01%	0.01%
	CLX	B	0.12%	0.09%	0.09%
	CMG	B	0.2%	0.35%	0.2%
	CNM	D	0.01%	0.02%	0.01%
	COIN	C	0.1%	0.24%	0.1%
	COR	B	0.17%	0.18%	0.17%
	COST	B	1.35%	1.8%	1.35%
	CPAY	A	0.03%	0.11%	0.03%
	CPNG	D	0.04%	0.12%	0.04%
	CPRT	A	0.09%	0.2%	0.09%
	CROX	D	0.01%	0.0%	0.0%
	CSL	C	0.02%	0.01%	0.01%
	CTAS	B	0.19%	0.31%	0.19%
	DASH	A	0.11%	0.23%	0.11%
	DECK	A	0.17%	0.12%	0.12%
	DELL	C	0.03%	0.02%	0.02%
	DKS	C	0.08%	0.0%	0.0%
	DPZ	C	0.13%	0.02%	0.02%
	DRI	B	0.03%	0.05%	0.03%
	DVA	B	0.16%	0.04%	0.04%
	ECL	D	0.08%	0.23%	0.08%
	EFX	F	0.11%	0.03%	0.03%
	ELV	F	0.16%	0.07%	0.07%
	EME	C	0.04%	0.04%	0.04%
	EQH	B	0.08%	0.07%	0.07%
	EXEL	B	0.05%	0.04%	0.04%
	EXP	A	0.07%	0.03%	0.03%
	EXPD	D	0.11%	0.01%	0.01%
	FAST	B	0.13%	0.17%	0.13%
	FDS	B	0.04%	0.03%	0.03%
	FI	A	0.19%	0.17%	0.17%
	FICO	B	0.25%	0.2%	0.2%
	FIX	A	0.06%	0.07%	0.06%
	FTNT	C	0.07%	0.21%	0.07%
	GDDY	A	0.12%	0.12%	0.12%
	GE	D	0.56%	0.18%	0.18%
	GEHC	F	0.07%	0.01%	0.01%
	GNRC	B	0.06%	0.02%	0.02%
	GS	A	0.41%	0.22%	0.22%
	GWRE	A	0.02%	0.03%	0.02%
	GWW	B	0.21%	0.19%	0.19%
	H	B	0.01%	0.0%	0.0%
	HCA	F	0.25%	0.07%	0.07%
	HD	A	0.62%	1.43%	0.62%
	HEI	B	0.04%	0.08%	0.04%
	HEI	B	0.04%	0.05%	0.04%
	HLI	B	0.08%	0.0%	0.0%
	HLT	A	0.1%	0.14%	0.1%
	HPQ	B	0.28%	0.04%	0.04%
	HRB	D	0.08%	0.01%	0.01%
	HSY	F	0.05%	0.02%	0.02%
	HWM	A	0.17%	0.01%	0.01%
	IDXX	F	0.05%	0.15%	0.05%
	INCY	C	0.01%	0.0%	0.0%
	IRM	D	0.12%	0.09%	0.09%
	ISRG	A	0.29%	0.83%	0.29%
	IT	C	0.15%	0.17%	0.15%
	ITW	B	0.1%	0.13%	0.1%
	JBL	B	0.03%	0.01%	0.01%
	JEF	A	0.03%	0.02%	0.02%
	JLL	D	0.06%	0.02%	0.02%
	KBR	F	0.02%	0.0%	0.0%
	KKR	A	0.15%	0.13%	0.13%
	KLAC	D	0.23%	0.37%	0.23%
	KMB	D	0.16%	0.08%	0.08%
	KO	D	1.0%	0.61%	0.61%
	LAMR	D	0.05%	0.01%	0.01%
	LBRDK	C	0.03%	0.01%	0.01%
	LECO	B	0.06%	0.01%	0.01%
	LII	A	0.21%	0.09%	0.09%
	LLY	F	2.39%	2.56%	2.39%
	LMT	D	0.75%	0.16%	0.16%
	LNW	D	0.02%	0.04%	0.02%
	LOPE	B	0.05%	0.01%	0.01%
	LPLA	A	0.07%	0.1%	0.07%
	LPX	B	0.08%	0.02%	0.02%
	LRCX	F	0.17%	0.41%	0.17%
	LW	C	0.03%	0.02%	0.02%
	MA	C	0.28%	1.9%	0.28%
	MANH	D	0.03%	0.07%	0.03%
	MASI	A	0.03%	0.02%	0.02%
	MCD	D	0.53%	0.06%	0.06%
	MCK	B	0.63%	0.15%	0.15%
	MCO	B	0.15%	0.33%	0.15%
	META	D	2.35%	3.54%	2.35%
	MLM	B	0.07%	0.01%	0.01%
	MMC	B	0.2%	0.07%	0.07%
	MMM	D	0.6%	0.06%	0.06%
	MNST	C	0.07%	0.13%	0.07%
	MORN	B	0.03%	0.04%	0.03%
	MPWR	F	0.06%	0.12%	0.06%
	MRK	F	0.84%	1.08%	0.84%
	MS	A	0.22%	0.04%	0.04%
	MSCI	C	0.07%	0.12%	0.07%
	MSI	B	0.2%	0.17%	0.17%
	MTN	C	0.05%	0.03%	0.03%
	MUSA	A	0.16%	0.04%	0.04%
	NBIX	C	0.04%	0.05%	0.04%
	NFLX	A	0.52%	1.6%	0.52%
	NKE	D	0.06%	0.25%	0.06%
	NOW	A	0.36%	0.91%	0.36%
	NRG	B	0.07%	0.04%	0.04%
	NTAP	C	0.1%	0.05%	0.05%
	NVDA	C	1.9%	11.16%	1.9%
	NXST	C	0.05%	0.01%	0.01%
	ODFL	B	0.02%	0.19%	0.02%
	ORCL	B	1.52%	1.28%	1.28%
	ORLY	B	0.2%	0.28%	0.2%
	PANW	C	0.25%	0.52%	0.25%
	PAYX	C	0.04%	0.07%	0.04%
	PEP	F	0.74%	0.76%	0.74%
	PG	A	1.01%	0.39%	0.39%
	PGR	A	0.59%	0.56%	0.56%
	PLTR	B	0.23%	0.54%	0.23%
	POOL	C	0.07%	0.06%	0.06%
	PSA	D	0.09%	0.04%	0.04%
	PSTG	D	0.04%	0.06%	0.04%
	PTC	A	0.04%	0.06%	0.04%
	PWR	A	0.12%	0.06%	0.06%
	QCOM	F	0.77%	0.76%	0.76%
	RCL	A	0.1%	0.09%	0.09%
	REGN	F	0.36%	0.03%	0.03%
	RLI	B	0.03%	0.0%	0.0%
	RMD	C	0.16%	0.04%	0.04%
	ROL	B	0.07%	0.06%	0.06%
	RPM	A	0.13%	0.02%	0.02%
	SAM	C	0.02%	0.0%	0.0%
	SBUX	A	0.09%	0.39%	0.09%
	SCCO	F	0.0%	0.04%	0.0%
	SCHW	B	0.05%	0.05%	0.05%
	SEE	C	0.06%	0.0%	0.0%
	SHW	A	0.22%	0.35%	0.22%
	SKX	D	0.02%	0.0%	0.0%
	SMCI	F	0.05%	0.05%	0.05%
	SPG	B	0.16%	0.07%	0.07%
	SPR	D	0.01%	0.0%	0.0%
	SQ	B	0.06%	0.1%	0.06%
	SYY	B	0.12%	0.1%	0.1%
	TDC	D	0.01%	0.01%	0.01%
	TDG	D	0.15%	0.06%	0.06%
	TER	D	0.03%	0.06%	0.03%
	TJX	A	0.37%	0.35%	0.35%
	TPX	B	0.03%	0.04%	0.03%
	TRGP	B	0.11%	0.19%	0.11%
	TSCO	D	0.11%	0.13%	0.11%
	TTEK	F	0.01%	0.01%	0.01%
	TW	A	0.06%	0.03%	0.03%
	TXN	C	0.29%	0.1%	0.1%
	TXRH	C	0.06%	0.06%	0.06%
	TYL	B	0.08%	0.1%	0.08%
	UBER	D	0.21%	0.61%	0.21%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.01%	0.01%	0.01%
	ULTA	F	0.04%	0.07%	0.04%
	UNH	C	0.79%	0.16%	0.16%
	UNP	C	0.51%	0.3%	0.3%
	URI	B	0.09%	0.06%	0.06%
	V	A	0.31%	2.16%	0.31%
	VLTO	D	0.04%	0.05%	0.04%
	VRSK	A	0.16%	0.18%	0.16%
	VRSN	F	0.04%	0.0%	0.0%
	VRTX	F	0.22%	0.27%	0.22%
	VST	B	0.23%	0.23%	0.23%
	VVV	F	0.02%	0.02%	0.02%
	WAT	B	0.05%	0.06%	0.05%
	WEN	D	0.05%	0.01%	0.01%
	WH	B	0.04%	0.0%	0.0%
	WM	A	0.28%	0.39%	0.28%
	WMS	D	0.02%	0.01%	0.01%
	WSM	B	0.18%	0.05%	0.05%
	WST	C	0.05%	0.06%	0.05%
	WU	D	0.06%	0.0%	0.0%
	XPO	B	0.04%	0.07%	0.04%
	YUM	B	0.13%	0.06%	0.06%
	ZBRA	B	0.04%	0.02%	0.02%
	ZTS	D	0.05%	0.29%	0.05%

MFUS Overweight 595 Positions Relative to GGUS

	Symbol	Grade	Weight
	BRK.A	B	2.42%
	WMT	A	1.71%
	JNJ	D	1.18%
	IBM	C	1.05%
	VZ	C	1.0%
	JPM	A	0.99%
	WFC	A	0.97%
	GILD	C	0.87%
	PM	B	0.87%
	TGT	F	0.74%
	MO	A	0.73%
	T	A	0.73%
	C	A	0.69%
	CSCO	B	0.68%
	CVS	D	0.65%
	PFE	D	0.57%
	BAC	A	0.45%
	XOM	B	0.43%
	TMUS	B	0.43%
	BMY	B	0.41%
	GM	B	0.4%
	CVX	A	0.39%
	KR	B	0.38%
	EBAY	D	0.36%
	LOW	D	0.35%
	NOC	D	0.35%
	MPC	D	0.34%
	AIG	B	0.34%
	MET	A	0.32%
	SYF	B	0.31%
	CHTR	C	0.3%
	ICE	C	0.29%
	COF	B	0.29%
	SPGI	C	0.29%
	THC	D	0.28%
	TMO	F	0.28%
	LHX	C	0.26%
	ACN	C	0.25%
	SFM	A	0.25%
	ANF	C	0.25%
	DHR	F	0.24%
	GD	F	0.24%
	UPS	C	0.24%
	AON	A	0.24%
	MDLZ	F	0.23%
	PSX	C	0.23%
	PRU	A	0.23%
	RTX	C	0.22%
	NEE	D	0.22%
	ADM	D	0.22%
	BBY	D	0.21%
	AFL	B	0.21%
	GLW	B	0.2%
	INTC	D	0.2%
	TRV	B	0.2%
	BSX	B	0.2%
	BLK	C	0.19%
	UTHR	C	0.19%
	TSN	B	0.18%
	BK	A	0.18%
	EA	A	0.18%
	WSO	A	0.17%
	GIS	D	0.17%
	NEM	D	0.16%
	MU	D	0.16%
	F	C	0.16%
	CB	C	0.16%
	VLO	C	0.16%
	CMCSA	B	0.16%
	KHC	F	0.15%
	K	A	0.15%
	LYB	F	0.15%
	CME	A	0.14%
	CHRW	C	0.14%
	CMI	A	0.14%
	VTRS	A	0.14%
	PH	A	0.14%
	SO	D	0.13%
	EVR	B	0.13%
	DUK	C	0.13%
	JNPR	F	0.13%
	RSG	A	0.13%
	WELL	A	0.12%
	WBA	F	0.12%
	PNC	B	0.12%
	PYPL	B	0.12%
	CW	B	0.11%
	GEN	B	0.11%
	KMI	A	0.11%
	USB	A	0.11%
	CRS	A	0.11%
	WTW	B	0.11%
	HPE	B	0.11%
	ALSN	B	0.11%
	EXR	D	0.11%
	CSX	B	0.11%
	LDOS	C	0.11%
	FOXA	B	0.11%
	BDX	F	0.11%
	PHM	D	0.1%
	OKE	A	0.1%
	AYI	B	0.1%
	PKG	A	0.1%
	JXN	C	0.1%
	WMB	A	0.1%
	DD	D	0.1%
	JKHY	D	0.1%
	DFS	B	0.1%
	XYL	D	0.1%
	SEIC	B	0.09%
	AIZ	A	0.09%
	TFC	A	0.09%
	DGX	A	0.09%
	TAP	C	0.09%
	MLI	C	0.09%
	EMR	A	0.09%
	IEX	B	0.09%
	DG	F	0.09%
	WCC	B	0.09%
	CALM	A	0.09%
	LSTR	D	0.09%
	IR	B	0.09%
	DLR	B	0.09%
	TROW	B	0.09%
	IP	B	0.09%
	EHC	B	0.09%
	CACI	D	0.09%
	TMHC	B	0.09%
	NVR	D	0.09%
	GPI	A	0.09%
	BKR	B	0.08%
	AEP	D	0.08%
	WDC	D	0.08%
	AOS	F	0.08%
	SLG	B	0.08%
	SRE	A	0.08%
	NUE	C	0.08%
	GPK	C	0.08%
	ABG	B	0.08%
	ATR	B	0.08%
	MTD	D	0.08%
	ITT	A	0.08%
	BIIB	F	0.07%
	GLPI	C	0.07%
	EXC	C	0.07%
	SCI	B	0.07%
	UFPI	B	0.07%
	JCI	C	0.07%
	CHD	B	0.07%
	CCI	D	0.07%
	COP	C	0.07%
	BCC	B	0.07%
	INGR	B	0.07%
	NSC	B	0.07%
	D	C	0.07%
	SKYW	B	0.07%
	GEO	B	0.07%
	CNX	A	0.07%
	VNO	B	0.07%
	THO	B	0.07%
	R	B	0.07%
	BALL	D	0.07%
	KDP	D	0.07%
	AEO	F	0.07%
	STE	F	0.07%
	OTIS	C	0.07%
	TTWO	A	0.07%
	FIS	C	0.07%
	HCC	B	0.07%
	STZ	D	0.06%
	G	B	0.06%
	VIRT	B	0.06%
	BC	C	0.06%
	GAP	C	0.06%
	ATGE	B	0.06%
	TPH	D	0.06%
	BFH	B	0.06%
	HIG	B	0.06%
	CPT	B	0.06%
	BERY	B	0.06%
	KTB	B	0.06%
	CCK	C	0.06%
	SLM	A	0.06%
	UHS	D	0.06%
	CMC	B	0.06%
	FCNCA	A	0.06%
	PEG	A	0.06%
	MTH	D	0.06%
	IBKR	A	0.06%
	LUMN	C	0.06%
	MAS	D	0.06%
	L	A	0.06%
	PK	B	0.06%
	DHI	D	0.06%
	TTC	D	0.06%
	FFIV	B	0.06%
	AMG	B	0.06%
	AN	C	0.06%
	RGA	A	0.06%
	MSM	C	0.06%
	OMC	C	0.06%
	ROP	B	0.06%
	TOL	B	0.06%
	LEN	D	0.06%
	TDS	B	0.05%
	NFG	A	0.05%
	CNO	A	0.05%
	PRIM	A	0.05%
	FANG	D	0.05%
	FLEX	A	0.05%
	THG	A	0.05%
	AR	B	0.05%
	ETR	B	0.05%
	NSIT	F	0.05%
	URBN	C	0.05%
	MOG.A	B	0.05%
	SUI	D	0.05%
	TGNA	B	0.05%
	A	D	0.05%
	GNTX	C	0.05%
	NDAQ	A	0.05%
	CBRE	B	0.05%
	CARR	D	0.05%
	CRI	D	0.05%
	USFD	A	0.05%
	SLGN	A	0.05%
	EIX	B	0.05%
	POST	C	0.05%
	COOP	B	0.05%
	TEX	D	0.05%
	KD	B	0.05%
	CBT	C	0.05%
	GVA	A	0.05%
	ANSS	B	0.05%
	HBI	B	0.05%
	FCN	D	0.05%
	WAB	B	0.05%
	MMS	F	0.05%
	BTU	B	0.05%
	ED	D	0.05%
	O	D	0.05%
	MKC	D	0.05%
	SON	D	0.04%
	AVT	C	0.04%
	OSK	B	0.04%
	LANC	C	0.04%
	TKR	D	0.04%
	EQR	B	0.04%
	PPL	B	0.04%
	SEM	B	0.04%
	AMH	D	0.04%
	CRUS	D	0.04%
	CXW	B	0.04%
	ESS	B	0.04%
	INVH	D	0.04%
	SMG	D	0.04%
	JWN	C	0.04%
	CTVA	C	0.04%
	AGNC	D	0.04%
	BDC	B	0.04%
	SLVM	B	0.04%
	CLH	B	0.04%
	FLO	D	0.04%
	ELS	C	0.04%
	FL	F	0.04%
	MTB	A	0.04%
	EMN	D	0.04%
	OLN	D	0.04%
	CFG	B	0.04%
	ARW	D	0.04%
	CAG	D	0.04%
	RUSHA	C	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	VTR	C	0.04%
	RGLD	C	0.04%
	CVLT	B	0.04%
	BAX	D	0.04%
	NWSA	B	0.04%
	CUBE	D	0.04%
	SJM	D	0.04%
	WTM	A	0.04%
	OGN	D	0.04%
	BHF	B	0.04%
	ATI	D	0.04%
	IPG	D	0.04%
	STLD	B	0.04%
	MAC	B	0.04%
	CPB	D	0.04%
	GBX	A	0.04%
	HUBG	A	0.04%
	FTI	A	0.04%
	SIG	B	0.04%
	MHO	D	0.04%
	CNC	D	0.04%
	GATX	A	0.04%
	CRBG	B	0.04%
	FITB	A	0.04%
	HOOD	B	0.04%
	JHG	A	0.04%
	CMA	A	0.04%
	UNM	A	0.04%
	RS	B	0.04%
	PPG	F	0.04%
	AROC	B	0.04%
	ABM	B	0.04%
	NDSN	B	0.04%
	ERIE	D	0.04%
	DCI	B	0.04%
	WERN	C	0.04%
	DOV	A	0.04%
	MAR	B	0.04%
	COKE	C	0.03%
	RRC	B	0.03%
	HXL	D	0.03%
	SBAC	D	0.03%
	DLTR	F	0.03%
	GMED	A	0.03%
	DRH	B	0.03%
	PNM	F	0.03%
	ACA	A	0.03%
	KMPR	B	0.03%
	LZB	B	0.03%
	KEY	B	0.03%
	WPC	D	0.03%
	HAE	C	0.03%
	UNF	B	0.03%
	PINC	B	0.03%
	APAM	B	0.03%
	FNF	B	0.03%
	VC	D	0.03%
	MAN	D	0.03%
	DK	C	0.03%
	AMKR	D	0.03%
	COLD	D	0.03%
	BKE	B	0.03%
	FHI	A	0.03%
	MRO	B	0.03%
	LNC	B	0.03%
	AVTR	F	0.03%
	OMF	A	0.03%
	RPRX	D	0.03%
	X	C	0.03%
	NTRS	A	0.03%
	UDR	B	0.03%
	PLXS	B	0.03%
	WHR	B	0.03%
	CG	A	0.03%
	OI	C	0.03%
	PRG	C	0.03%
	APLE	B	0.03%
	IFF	D	0.03%
	ASO	F	0.03%
	SHOO	D	0.03%
	AVB	B	0.03%
	AVA	A	0.03%
	DBRG	F	0.03%
	CMS	C	0.03%
	HSIC	B	0.03%
	HOLX	D	0.03%
	COHR	B	0.03%
	RL	B	0.03%
	FE	C	0.03%
	GMS	B	0.03%
	BKU	A	0.03%
	CDP	C	0.03%
	DDS	B	0.03%
	GGG	B	0.03%
	KBH	D	0.03%
	GNW	A	0.03%
	DOX	D	0.03%
	SM	B	0.03%
	HBAN	A	0.03%
	IVZ	B	0.03%
	HUBB	B	0.03%
	MC	C	0.03%
	MATX	C	0.03%
	ES	D	0.03%
	NYT	C	0.03%
	BJ	A	0.03%
	ACM	A	0.03%
	ODP	F	0.02%
	IOSP	B	0.02%
	LXP	D	0.02%
	SAH	A	0.02%
	KEX	C	0.02%
	LEG	F	0.02%
	TTMI	B	0.02%
	VSH	D	0.02%
	SSNC	B	0.02%
	EVRG	A	0.02%
	LAUR	A	0.02%
	UAL	A	0.02%
	KIM	A	0.02%
	AA	B	0.02%
	SF	B	0.02%
	BHE	B	0.02%
	GT	C	0.02%
	GME	C	0.02%
	WBS	A	0.02%
	PHIN	A	0.02%
	ATO	A	0.02%
	BEN	C	0.02%
	RF	A	0.02%
	WAL	B	0.02%
	AXTA	A	0.02%
	ANDE	D	0.02%
	BXP	D	0.02%
	ZION	B	0.02%
	APG	B	0.02%
	DOW	F	0.02%
	SNV	B	0.02%
	NSP	D	0.02%
	HP	B	0.02%
	VFC	C	0.02%
	HST	C	0.02%
	DNOW	B	0.02%
	DTE	C	0.02%
	LAD	A	0.02%
	REZI	A	0.02%
	PMT	D	0.02%
	HNI	B	0.02%
	XRAY	F	0.02%
	WKC	D	0.02%
	HRL	D	0.02%
	SNDR	B	0.02%
	OSIS	B	0.02%
	NAVI	C	0.02%
	PNR	A	0.02%
	EPC	D	0.02%
	M	D	0.02%
	MAA	B	0.02%
	LNT	A	0.02%
	AGCO	D	0.02%
	JBLU	F	0.02%
	PFSI	D	0.02%
	THS	D	0.02%
	RHI	B	0.02%
	CC	C	0.02%
	DLB	B	0.02%
	NWL	B	0.02%
	OHI	C	0.02%
	MDU	D	0.02%
	OC	A	0.02%
	SXT	B	0.02%
	RLJ	C	0.02%
	YELP	C	0.02%
	DORM	B	0.02%
	APOG	B	0.02%
	CTLT	B	0.02%
	PSN	D	0.02%
	NI	A	0.02%
	XHR	B	0.02%
	PDCO	D	0.02%
	PBF	D	0.02%
	MKTX	D	0.02%
	CINF	A	0.02%
	EWBC	A	0.02%
	NTCT	C	0.02%
	VSCO	B	0.02%
	MCY	A	0.02%
	AIR	B	0.02%
	HOG	D	0.02%
	FAF	A	0.02%
	SBH	C	0.02%
	PAG	B	0.02%
	HII	D	0.02%
	VSTO	A	0.02%
	KSS	F	0.02%
	PVH	C	0.02%
	CCL	B	0.02%
	RYN	D	0.02%
	AKAM	D	0.02%
	JBHT	C	0.02%
	ADNT	F	0.02%
	ORA	B	0.02%
	MTG	C	0.02%
	TFX	F	0.02%
	GEF	A	0.02%
	MSA	D	0.02%
	WRB	A	0.02%
	NEU	C	0.02%
	GHC	C	0.02%
	STC	B	0.02%
	SVC	F	0.01%
	QRVO	F	0.01%
	AAP	C	0.01%
	CPRI	F	0.01%
	NOV	C	0.01%
	KNX	B	0.01%
	RKT	F	0.01%
	JELD	F	0.01%
	DINO	D	0.01%
	SCL	C	0.01%
	MLKN	D	0.01%
	IGT	F	0.01%
	PARA	C	0.01%
	RVTY	F	0.01%
	ARI	C	0.01%
	WOR	F	0.01%
	ELAN	D	0.01%
	CNXN	C	0.01%
	ACI	C	0.01%
	GIII	D	0.01%
	UGI	A	0.01%
	ECPG	B	0.01%
	ALEX	C	0.01%
	UVV	B	0.01%
	JBGS	D	0.01%
	HTH	B	0.01%
	SEB	F	0.01%
	MKSI	C	0.01%
	RDN	C	0.01%
	IMKTA	C	0.01%
	XRX	F	0.01%
	SR	A	0.01%
	ARMK	B	0.01%
	OUT	A	0.01%
	PNW	B	0.01%
	SHO	C	0.01%
	WGO	C	0.01%
	AMED	F	0.01%
	CNS	B	0.01%
	SSB	B	0.01%
	SWX	B	0.01%
	KALU	C	0.01%
	ESI	A	0.01%
	CENTA	C	0.01%
	CVI	F	0.01%
	MOS	F	0.01%
	ARCH	B	0.01%
	PECO	A	0.01%
	PB	A	0.01%
	SAIC	F	0.01%
	OMI	F	0.01%
	FDP	B	0.01%
	PFG	D	0.01%
	SIGI	C	0.01%
	LEA	D	0.01%
	WAFD	B	0.01%
	BRC	D	0.01%
	DY	D	0.01%
	SPB	C	0.01%
	PPC	C	0.01%
	NNN	D	0.01%
	AES	F	0.01%
	CFR	B	0.01%
	FELE	B	0.01%
	DAN	D	0.01%
	WMK	C	0.01%
	MHK	D	0.01%
	FLR	B	0.01%
	KN	B	0.01%
	STRA	C	0.01%
	BBWI	D	0.01%
	ESNT	D	0.01%
	TPR	B	0.01%
	DXC	B	0.01%
	IDCC	A	0.01%
	LADR	B	0.01%
	NNI	D	0.01%
	GES	F	0.01%
	ESAB	B	0.01%
	CWEN	C	0.01%
	ONB	B	0.01%
	CBSH	A	0.01%
	WWD	B	0.01%
	MUR	D	0.01%
	CR	A	0.01%
	ICUI	D	0.01%
	CSGS	B	0.01%
	BMRN	D	0.01%
	TNET	D	0.01%
	FYBR	D	0.01%
	HE	C	0.01%
	CADE	B	0.01%
	WTFC	A	0.01%
	FHN	A	0.01%
	PSMT	C	0.01%
	ADC	B	0.01%
	SATS	D	0.01%
	RBC	A	0.01%
	BWA	D	0.01%
	SLB	C	0.01%
	GOLF	B	0.01%
	FR	C	0.01%
	DTM	B	0.01%
	DEI	B	0.01%
	AMWD	C	0.01%
	PTEN	C	0.01%
	SCS	C	0.01%
	VNT	B	0.01%
	NOMD	D	0.0%
	WOLF	F	0.0%
	HUN	F	0.0%

MFUS Underweight 156 Positions Relative to GGUS

	Symbol	Grade	Weight
	MSFT	F	-4.36%
	TSLA	B	-4.14%
	GOOGL	C	-2.28%
	GOOG	C	-1.92%
	CRM	B	-1.13%
	INTU	C	-0.82%
	AMD	F	-0.65%
	SNPS	B	-0.35%
	CDNS	B	-0.35%
	CRWD	B	-0.34%
	SPOT	B	-0.29%
	APO	B	-0.28%
	ABNB	C	-0.25%
	WDAY	B	-0.24%
	TTD	B	-0.23%
	AXON	A	-0.19%
	NU	C	-0.19%
	VRT	B	-0.19%
	SNOW	C	-0.18%
	SYK	C	-0.18%
	DDOG	A	-0.17%
	TEAM	A	-0.17%
	LULU	C	-0.16%
	HUBS	A	-0.15%
	VEEV	C	-0.14%
	TT	A	-0.14%
	DXCM	D	-0.13%
	RBLX	C	-0.12%
	HES	B	-0.12%
	NET	B	-0.12%
	LNG	B	-0.11%
	TPL	A	-0.11%
	EXPE	B	-0.1%
	HON	B	-0.1%
	MDB	C	-0.09%
	LYV	A	-0.09%
	LVS	C	-0.08%
	PINS	D	-0.08%
	NTRA	B	-0.08%
	TOST	B	-0.08%
	PODD	C	-0.08%
	ZS	C	-0.08%
	DKNG	B	-0.08%
	ENTG	D	-0.07%
	DT	C	-0.07%
	DOCU	A	-0.07%
	BA	F	-0.07%
	KNSL	B	-0.05%
	MOH	F	-0.05%
	ROST	C	-0.05%
	DUOL	A	-0.05%
	NCLH	B	-0.05%
	OWL	A	-0.05%
	MEDP	D	-0.04%
	EW	C	-0.04%
	PEN	B	-0.04%
	SAIA	B	-0.04%
	ENPH	F	-0.04%
	ITCI	C	-0.04%
	PCTY	B	-0.04%
	CVNA	B	-0.04%
	AAON	B	-0.04%
	CHDN	B	-0.04%
	WING	D	-0.04%
	SRPT	D	-0.04%
	VMC	B	-0.04%
	LSCC	D	-0.03%
	WFRD	D	-0.03%
	FOUR	B	-0.03%
	MRVL	B	-0.03%
	ELF	C	-0.03%
	GLOB	B	-0.03%
	BSY	D	-0.03%
	CFLT	B	-0.03%
	RYAN	B	-0.03%
	TREX	C	-0.03%
	SMAR	A	-0.03%
	ESTC	C	-0.03%
	PAYC	B	-0.03%
	GTLB	B	-0.03%
	PCOR	B	-0.03%
	HAS	D	-0.03%
	CHH	A	-0.02%
	RARE	D	-0.02%
	EXAS	D	-0.02%
	MSTR	C	-0.02%
	HCP	B	-0.02%
	FIVE	F	-0.02%
	IQV	D	-0.02%
	ETSY	D	-0.02%
	OLED	D	-0.02%
	FND	C	-0.02%
	LYFT	C	-0.02%
	CELH	F	-0.02%
	MKL	A	-0.02%
	IONS	F	-0.02%
	PLNT	A	-0.02%
	NTNX	A	-0.02%
	AZEK	A	-0.02%
	PATH	C	-0.02%
	INSP	D	-0.02%
	OKTA	C	-0.02%
	EQIX	A	-0.02%
	APPF	B	-0.02%
	VKTX	F	-0.02%
	EL	F	-0.02%
	DJT	C	-0.01%
	TPG	A	-0.01%
	EQT	B	-0.01%
	TKO	B	-0.01%
	SN	D	-0.01%
	ROKU	D	-0.01%
	CIVI	D	-0.01%
	DV	C	-0.01%
	AM	A	-0.01%
	WSC	D	-0.01%
	BROS	B	-0.01%
	PFGC	B	-0.01%
	ONTO	D	-0.01%
	SITE	D	-0.01%
	DBX	B	-0.01%
	PR	B	-0.01%
	NCNO	B	-0.01%
	BILL	A	-0.01%
	EG	C	-0.01%
	FRPT	B	-0.01%
	SOFI	A	-0.01%
	U	C	-0.01%
	FIVN	C	-0.01%
	APLS	D	-0.01%
	RNG	B	-0.01%
	TWLO	A	-0.01%
	ROK	B	-0.01%
	PEGA	A	-0.01%
	UWMC	D	-0.0%
	IRDM	D	-0.0%
	PYCR	C	-0.0%
	NFE	D	-0.0%
	XP	F	-0.0%
	DOCS	C	-0.0%
	WEX	D	-0.0%
	SSD	D	-0.0%
	RH	B	-0.0%
	WYNN	D	-0.0%
	DAY	B	-0.0%
	AAL	B	-0.0%
	KMX	B	-0.0%
	EPAM	C	-0.0%
	BPOP	B	-0.0%
	S	B	-0.0%
	CAR	C	-0.0%
	YETI	C	-0.0%
	RGEN	D	-0.0%
	UI	A	-0.0%
	TRU	D	-0.0%
	TXG	F	-0.0%

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

GGUS: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Business Services Biotechnology Specialty Retail Capital Markets Restaurants Building Materials Asset Management Diagnostics & Research Semiconductor Equipment & Materials Semiconductors Aerospace & Defense Diversified Industrials Internet Content & Information Credit Services Household & Personal Products Leisure Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Insurance Software Software As A Service Work From Home Cloud Infrastructure Electronics Mobile Devices Natural Gas Semiconductor Telecommunications Integrated Circuits Operating System Payment Systems