MFUS vs. GSEW ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW)

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

$49.94

Average Daily Volume

7,919

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

GSEW

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

GSEW Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive US Large Cap Equal Weight Index (GTR). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index consists of equity securities of large capitalization U.S. issuers. The index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies.

Grade (RS Rating)

Last Trade

$76.67

Average Daily Volume

55,487

Number of Holdings ^*

486

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GSEW
30 Days	0.78%	0.80%
60 Days	6.77%	4.86%
90 Days	5.67%	7.82%
12 Months	34.60%	31.76%

362 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in GSEW	Overlap
A	B	0.05%	0.21%	0.05%
AAPL	C	0.97%	0.2%	0.2%
ABBV	B	1.56%	0.19%	0.19%
ACN	B	0.23%	0.2%	0.2%
ADBE	F	0.04%	0.17%	0.04%
ADM	F	0.25%	0.19%	0.19%
ADP	A	0.1%	0.2%	0.1%
ADSK	C	0.08%	0.21%	0.08%
AEP	C	0.09%	0.19%	0.09%
AFL	A	0.22%	0.2%	0.2%
AIG	F	0.34%	0.19%	0.19%
AJG	D	0.14%	0.18%	0.14%
AKAM	D	0.03%	0.2%	0.03%
ALGN	D	0.02%	0.22%	0.02%
ALL	C	0.26%	0.2%	0.2%
ALNY	C	0.07%	0.21%	0.07%
AMAT	B	0.59%	0.22%	0.22%
AMGN	D	1.01%	0.19%	0.19%
AMP	A	0.12%	0.21%	0.12%
AMT	C	0.16%	0.19%	0.16%
AMZN	C	1.6%	0.21%	0.21%
ANET	A	0.14%	0.23%	0.14%
ANSS	D	0.05%	0.21%	0.05%
AON	B	0.23%	0.2%	0.2%
APH	D	0.11%	0.21%	0.11%
ARES	A	0.08%	0.22%	0.08%
ATO	A	0.02%	0.2%	0.02%
AVB	C	0.03%	0.2%	0.03%
AVGO	C	1.68%	0.22%	0.22%
AVTR	D	0.04%	0.21%	0.04%
AVY	D	0.1%	0.2%	0.1%
AXP	B	0.21%	0.21%	0.21%
AZO	D	0.29%	0.2%	0.2%
BAC	D	0.39%	0.19%	0.19%
BAH	A	0.15%	0.2%	0.15%
BALL	C	0.08%	0.2%	0.08%
BAX	D	0.05%	0.2%	0.05%
BBY	C	0.23%	0.2%	0.2%
BDX	C	0.12%	0.19%	0.12%
BIIB	F	0.08%	0.19%	0.08%
BK	C	0.17%	0.21%	0.17%
BKNG	C	0.36%	0.22%	0.22%
BKR	B	0.07%	0.2%	0.07%
BLDR	B	0.04%	0.22%	0.04%
BLK	A	0.17%	0.21%	0.17%
BMRN	F	0.01%	0.15%	0.01%
BMY	B	0.36%	0.2%	0.2%
BR	B	0.16%	0.2%	0.16%
BRK.A	C	2.37%	0.19%	0.19%
BRO	A	0.11%	0.19%	0.11%
BSX	A	0.2%	0.2%	0.2%
BX	C	0.11%	0.22%	0.11%
C	C	0.63%	0.2%	0.2%
CAG	D	0.05%	0.2%	0.05%
CAH	B	0.24%	0.19%	0.19%
CARR	B	0.05%	0.23%	0.05%
CAT	A	0.2%	0.23%	0.2%
CB	B	0.17%	0.2%	0.17%
CBRE	B	0.05%	0.21%	0.05%
CCI	C	0.08%	0.2%	0.08%
CCL	C	0.02%	0.22%	0.02%
CDW	D	0.04%	0.21%	0.04%
CE	C	0.04%	0.22%	0.04%
CEG	A	0.13%	0.28%	0.13%
CFG	D	0.03%	0.19%	0.03%
CHD	D	0.07%	0.19%	0.07%
CHTR	D	0.25%	0.18%	0.18%
CI	D	0.15%	0.18%	0.15%
CINF	B	0.02%	0.19%	0.02%
CL	D	0.41%	0.19%	0.19%
CLX	C	0.12%	0.19%	0.12%
CMCSA	C	0.16%	0.2%	0.16%
CME	A	0.14%	0.2%	0.14%
CMG	C	0.2%	0.21%	0.2%
CMI	A	0.13%	0.21%	0.13%
CMS	A	0.03%	0.2%	0.03%
CNC	F	0.06%	0.2%	0.06%
COF	C	0.24%	0.2%	0.2%
COIN	F	0.06%	0.21%	0.06%
COP	D	0.07%	0.18%	0.07%
COST	C	1.36%	0.2%	0.2%
CPAY	A	0.03%	0.19%	0.03%
CPRT	C	0.08%	0.19%	0.08%
CSCO	A	0.61%	0.21%	0.21%
CSL	A	0.02%	0.22%	0.02%
CSX	D	0.11%	0.19%	0.11%
CTAS	C	0.19%	0.2%	0.19%
CTVA	A	0.04%	0.2%	0.04%
CVS	C	0.71%	0.2%	0.2%
CVX	B	0.36%	0.19%	0.19%
D	A	0.07%	0.2%	0.07%
DASH	B	0.09%	0.22%	0.09%
DD	C	0.11%	0.21%	0.11%
DECK	B	0.15%	0.21%	0.15%
DELL	C	0.03%	0.22%	0.03%
DFS	C	0.08%	0.2%	0.08%
DG	F	0.1%	0.21%	0.1%
DGX	C	0.09%	0.19%	0.09%
DHI	C	0.07%	0.2%	0.07%
DHR	D	0.28%	0.21%	0.21%
DLR	C	0.08%	0.21%	0.08%
DLTR	F	0.03%	0.22%	0.03%
DOV	B	0.02%	0.21%	0.02%
DOW	B	0.02%	0.21%	0.02%
DPZ	D	0.13%	0.21%	0.13%
DRI	C	0.03%	0.21%	0.03%
DTE	A	0.02%	0.2%	0.02%
DUK	B	0.14%	0.19%	0.14%
EA	D	0.16%	0.19%	0.16%
EBAY	A	0.38%	0.21%	0.21%
ECL	B	0.08%	0.2%	0.08%
ED	A	0.06%	0.19%	0.06%
EFX	C	0.13%	0.19%	0.13%
EIX	B	0.05%	0.19%	0.05%
ELV	F	0.2%	0.19%	0.19%
EME	C	0.04%	0.23%	0.04%
EMR	B	0.07%	0.21%	0.07%
EQR	C	0.04%	0.19%	0.04%
ES	D	0.04%	0.19%	0.04%
ESS	D	0.02%	0.19%	0.02%
ETR	A	0.04%	0.21%	0.04%
EVRG	C	0.02%	0.2%	0.02%
EXC	A	0.07%	0.2%	0.07%
EXPD	D	0.09%	0.2%	0.09%
EXR	C	0.13%	0.2%	0.13%
F	D	0.15%	0.19%	0.15%
FANG	C	0.05%	0.18%	0.05%
FAST	C	0.11%	0.21%	0.11%
FCNCA	D	0.05%	0.18%	0.05%
FDS	C	0.04%	0.21%	0.04%
FE	C	0.03%	0.19%	0.03%
FICO	A	0.21%	0.21%	0.21%
FIS	B	0.07%	0.2%	0.07%
FITB	C	0.04%	0.2%	0.04%
FTNT	B	0.06%	0.2%	0.06%
GD	C	0.24%	0.2%	0.2%
GDDY	D	0.1%	0.19%	0.1%
GE	C	0.61%	0.22%	0.22%
GEHC	C	0.08%	0.21%	0.08%
GGG	C	0.03%	0.21%	0.03%
GILD	A	0.79%	0.2%	0.2%
GIS	C	0.2%	0.2%	0.2%
GLW	C	0.19%	0.21%	0.19%
GM	D	0.32%	0.18%	0.18%
GS	D	0.35%	0.2%	0.2%
GWW	B	0.19%	0.22%	0.19%
HBAN	D	0.03%	0.19%	0.03%
HCA	C	0.3%	0.2%	0.2%
HD	A	0.6%	0.21%	0.21%
HIG	B	0.06%	0.2%	0.06%
HLT	B	0.09%	0.21%	0.09%
HOLX	D	0.03%	0.19%	0.03%
HPE	B	0.1%	0.21%	0.1%
HPQ	B	0.29%	0.2%	0.2%
HST	D	0.02%	0.21%	0.02%
HSY	F	0.06%	0.19%	0.06%
HUBB	B	0.03%	0.22%	0.03%
HWM	A	0.15%	0.21%	0.15%
IBM	A	1.14%	0.21%	0.21%
ICE	A	0.3%	0.19%	0.19%
IDXX	D	0.06%	0.21%	0.06%
IEX	D	0.08%	0.21%	0.08%
IFF	C	0.04%	0.2%	0.04%
INTC	D	0.19%	0.24%	0.19%
INVH	F	0.04%	0.18%	0.04%
IP	C	0.08%	0.2%	0.08%
IPG	D	0.04%	0.2%	0.04%
IR	B	0.08%	0.21%	0.08%
IRM	A	0.12%	0.2%	0.12%
ISRG	C	0.23%	0.2%	0.2%
IT	B	0.14%	0.21%	0.14%
ITW	B	0.1%	0.21%	0.1%
JBHT	D	0.02%	0.2%	0.02%
JBL	C	0.03%	0.24%	0.03%
JCI	C	0.06%	0.21%	0.06%
JKHY	A	0.1%	0.2%	0.1%
JNJ	D	1.28%	0.19%	0.19%
JPM	D	0.88%	0.19%	0.19%
K	A	0.15%	0.2%	0.15%
KDP	C	0.08%	0.2%	0.08%
KEY	C	0.02%	0.2%	0.02%
KHC	F	0.16%	0.19%	0.16%
KIM	C	0.02%	0.19%	0.02%
KKR	C	0.14%	0.22%	0.14%
KLAC	B	0.28%	0.21%	0.21%
KMB	D	0.18%	0.19%	0.18%
KMI	A	0.09%	0.2%	0.09%
KO	C	1.16%	0.19%	0.19%
KR	C	0.37%	0.2%	0.2%
L	D	0.06%	0.19%	0.06%
LDOS	A	0.11%	0.2%	0.11%
LECO	F	0.05%	0.22%	0.05%
LEN	B	0.07%	0.2%	0.07%
LHX	A	0.23%	0.19%	0.19%
LII	C	0.22%	0.22%	0.22%
LLY	D	2.87%	0.19%	0.19%
LMT	A	0.82%	0.2%	0.2%
LNT	A	0.02%	0.2%	0.02%
LOW	A	0.34%	0.21%	0.21%
LPLA	C	0.05%	0.2%	0.05%
LRCX	D	0.19%	0.22%	0.19%
LW	D	0.03%	0.21%	0.03%
LYB	F	0.18%	0.2%	0.18%
MA	A	0.27%	0.2%	0.2%
MAA	D	0.02%	0.19%	0.02%
MANH	C	0.04%	0.22%	0.04%
MAR	B	0.04%	0.21%	0.04%
MAS	A	0.06%	0.21%	0.06%
MCD	A	0.55%	0.21%	0.21%
MCK	F	0.5%	0.17%	0.17%
MCO	D	0.12%	0.19%	0.12%
MDLZ	D	0.26%	0.19%	0.19%
MET	B	0.32%	0.21%	0.21%
META	A	2.37%	0.21%	0.21%
MKC	C	0.06%	0.2%	0.06%
MLM	F	0.07%	0.21%	0.07%
MMC	D	0.19%	0.19%	0.19%
MMM	C	0.63%	0.21%	0.21%
MNST	D	0.07%	0.21%	0.07%
MO	D	0.66%	0.18%	0.18%
MPC	C	0.36%	0.19%	0.19%
MPWR	B	0.1%	0.21%	0.1%
MRK	F	1.0%	0.19%	0.19%
MRO	C	0.03%	0.18%	0.03%
MS	B	0.18%	0.2%	0.18%
MSCI	B	0.06%	0.19%	0.06%
MSI	A	0.18%	0.2%	0.18%
MTB	C	0.03%	0.2%	0.03%
MTD	B	0.1%	0.21%	0.1%
MU	D	0.15%	0.24%	0.15%
NDAQ	B	0.05%	0.19%	0.05%
NDSN	C	0.05%	0.21%	0.05%
NEE	A	0.25%	0.2%	0.2%
NEM	C	0.22%	0.21%	0.21%
NFLX	B	0.46%	0.2%	0.2%
NI	A	0.02%	0.2%	0.02%
NKE	D	0.07%	0.22%	0.07%
NOC	B	0.38%	0.2%	0.2%
NOW	C	0.31%	0.21%	0.21%
NRG	A	0.07%	0.22%	0.07%
NSC	D	0.07%	0.19%	0.07%
NTAP	D	0.1%	0.2%	0.1%
NTRS	C	0.03%	0.2%	0.03%
NUE	C	0.08%	0.2%	0.08%
NVDA	B	1.64%	0.22%	0.22%
NVR	B	0.1%	0.21%	0.1%
O	A	0.06%	0.19%	0.06%
OC	C	0.02%	0.21%	0.02%
ODFL	F	0.02%	0.2%	0.02%
OKE	A	0.09%	0.19%	0.09%
OMC	C	0.06%	0.2%	0.06%
ORCL	C	1.38%	0.23%	0.23%
ORLY	A	0.19%	0.2%	0.19%
OTIS	A	0.08%	0.21%	0.08%
PANW	D	0.22%	0.19%	0.19%
PAYX	A	0.04%	0.2%	0.04%
PEG	A	0.06%	0.21%	0.06%
PEP	F	0.77%	0.19%	0.19%
PFE	D	0.64%	0.2%	0.2%
PFG	C	0.01%	0.21%	0.01%
PG	D	1.04%	0.19%	0.19%
PGR	C	0.6%	0.2%	0.2%
PH	B	0.13%	0.22%	0.13%
PHM	A	0.11%	0.21%	0.11%
PKG	B	0.07%	0.21%	0.07%
PLTR	A	0.14%	0.24%	0.14%
PM	D	0.83%	0.19%	0.19%
PNC	C	0.11%	0.2%	0.11%
POOL	B	0.07%	0.21%	0.07%
PPG	D	0.05%	0.21%	0.05%
PPL	B	0.04%	0.2%	0.04%
PRU	C	0.23%	0.2%	0.2%
PSA	C	0.1%	0.2%	0.1%
PSTG	F	0.04%	0.21%	0.04%
PSX	D	0.23%	0.19%	0.19%
PTC	D	0.04%	0.21%	0.04%
PWR	B	0.11%	0.23%	0.11%
PYPL	C	0.11%	0.21%	0.11%
QCOM	C	0.8%	0.2%	0.2%
RCL	C	0.08%	0.22%	0.08%
REGN	D	0.49%	0.17%	0.17%
RF	C	0.01%	0.2%	0.01%
RMD	C	0.17%	0.2%	0.17%
ROP	C	0.06%	0.19%	0.06%
RPM	B	0.12%	0.21%	0.12%
RS	D	0.04%	0.21%	0.04%
RSG	C	0.13%	0.19%	0.13%
RTX	A	0.23%	0.19%	0.19%
SBAC	C	0.03%	0.2%	0.03%
SBUX	C	0.09%	0.21%	0.09%
SCHW	D	0.04%	0.19%	0.04%
SHW	C	0.22%	0.21%	0.21%
SJM	D	0.04%	0.19%	0.04%
SLB	D	0.01%	0.19%	0.01%
SMCI	F	0.14%	0.19%	0.14%
SO	A	0.13%	0.2%	0.13%
SPG	A	0.16%	0.2%	0.16%
SPGI	B	0.27%	0.2%	0.2%
SQ	D	0.05%	0.2%	0.05%
SRE	B	0.08%	0.19%	0.08%
SSNC	C	0.02%	0.2%	0.02%
STE	D	0.08%	0.19%	0.08%
STLD	B	0.04%	0.22%	0.04%
STZ	D	0.06%	0.2%	0.06%
SUI	D	0.05%	0.19%	0.05%
SYF	B	0.24%	0.19%	0.19%
SYY	D	0.13%	0.19%	0.13%
T	A	0.74%	0.2%	0.2%
TDG	B	0.17%	0.2%	0.17%
TER	C	0.04%	0.21%	0.04%
TFC	D	0.08%	0.19%	0.08%
TGT	D	0.77%	0.2%	0.2%
TJX	D	0.38%	0.2%	0.2%
TMO	D	0.33%	0.2%	0.2%
TMUS	A	0.38%	0.2%	0.2%
TRGP	A	0.09%	0.19%	0.09%
TROW	D	0.08%	0.21%	0.08%
TRV	C	0.2%	0.2%	0.2%
TSCO	B	0.12%	0.21%	0.12%
TSN	D	0.16%	0.18%	0.16%
TTWO	F	0.06%	0.19%	0.06%
TXN	C	0.3%	0.2%	0.2%
TYL	B	0.08%	0.19%	0.08%
UAL	B	0.01%	0.26%	0.01%
UBER	C	0.23%	0.21%	0.21%
ULTA	D	0.04%	0.22%	0.04%
UNH	B	0.79%	0.19%	0.19%
UNP	D	0.54%	0.19%	0.19%
UPS	D	0.25%	0.2%	0.2%
URI	C	0.09%	0.22%	0.09%
USB	D	0.1%	0.19%	0.1%
V	C	0.28%	0.19%	0.19%
VLO	D	0.16%	0.19%	0.16%
VLTO	A	0.05%	0.2%	0.05%
VRSK	C	0.17%	0.19%	0.17%
VRSN	B	0.04%	0.2%	0.04%
VRTX	D	0.22%	0.19%	0.19%
VST	B	0.21%	0.29%	0.21%
VTR	C	0.04%	0.2%	0.04%
VTRS	D	0.13%	0.19%	0.13%
VZ	B	1.11%	0.2%	0.2%
WAB	B	0.05%	0.22%	0.05%
WAT	B	0.05%	0.21%	0.05%
WBA	F	0.11%	0.19%	0.11%
WDC	C	0.08%	0.22%	0.08%
WELL	C	0.11%	0.2%	0.11%
WFC	F	0.73%	0.19%	0.19%
WM	B	0.26%	0.19%	0.19%
WMB	A	0.08%	0.2%	0.08%
WMT	A	1.68%	0.2%	0.2%
WPC	C	0.03%	0.2%	0.03%
WRB	C	0.02%	0.18%	0.02%
WSM	B	0.21%	0.22%	0.21%
WSO	C	0.2%	0.22%	0.2%
WST	D	0.04%	0.2%	0.04%
WTW	C	0.1%	0.19%	0.1%
XOM	A	0.42%	0.19%	0.19%
XPO	F	0.03%	0.19%	0.03%
XYL	C	0.12%	0.2%	0.12%
YUM	B	0.12%	0.2%	0.12%
ZBRA	C	0.02%	0.22%	0.02%
ZTS	C	0.06%	0.21%	0.06%

MFUS Overweight 447 Positions Relative to GSEW

Symbol	Grade	Weight
THC	D	0.29%
ANF	F	0.24%
SFM	A	0.2%
UTHR	C	0.18%
DVA	C	0.17%
CASY	D	0.15%
MUSA	D	0.15%
CHRW	C	0.14%
JNPR	B	0.13%
EVR	C	0.11%
AOS	B	0.1%
CW	A	0.1%
FOXA	A	0.1%
CRS	C	0.1%
AEO	C	0.09%
GPI	C	0.09%
DKS	D	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	B	0.09%
TMHC	C	0.09%
JXN	A	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
EQH	C	0.08%
SLG	C	0.08%
TAP	D	0.08%
AIZ	B	0.08%
HRB	C	0.08%
AYI	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
NSIT	B	0.07%
R	C	0.07%
TTC	D	0.07%
UFPI	C	0.07%
AN	D	0.07%
MTH	C	0.07%
ROL	C	0.07%
HCC	C	0.07%
VNO	A	0.07%
BCC	C	0.07%
MLI	C	0.07%
WU	D	0.07%
GLPI	A	0.07%
WCC	D	0.07%
THO	C	0.07%
UHS	D	0.07%
CALM	A	0.07%
SEIC	B	0.07%
HLI	B	0.07%
ABG	F	0.07%
TXRH	C	0.06%
SEE	D	0.06%
BC	D	0.06%
CNX	A	0.06%
FFIV	B	0.06%
JLL	C	0.06%
AMG	B	0.06%
ERIE	B	0.06%
TPH	C	0.06%
BERY	C	0.06%
RGA	C	0.06%
PK	D	0.06%
CRI	D	0.06%
CPT	C	0.06%
MMS	C	0.06%
FCN	C	0.06%
CCK	C	0.06%
CHE	C	0.06%
SCI	D	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%
NFG	A	0.05%
CUBE	C	0.05%
URBN	F	0.05%
IBKR	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%
ATI	C	0.05%
SEB	F	0.05%
GNTX	D	0.05%
VIRT	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%
OGN	F	0.05%
APP	A	0.05%
GAP	F	0.05%
SKYW	C	0.05%
LAMR	C	0.05%
TW	A	0.05%
POST	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%
UNM	A	0.04%
BHF	F	0.04%
AVT	C	0.04%
BLD	D	0.04%
CVLT	C	0.04%
TRN	C	0.04%
BDC	B	0.04%
WTM	C	0.04%
JHG	B	0.04%
EXEL	B	0.04%
JWN	D	0.04%
NWSA	D	0.04%
ASO	D	0.04%
CLH	C	0.04%
CMA	C	0.04%
COLD	D	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
SON	D	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%
GATX	F	0.04%
FLEX	C	0.04%
TKR	D	0.04%
FLO	D	0.04%
AROC	B	0.04%
TGNA	C	0.04%
FTI	B	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SMG	B	0.04%
ABM	D	0.04%
CNO	C	0.04%
AGNC	C	0.04%
KD	D	0.04%
LOPE	D	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%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	D	0.03%
APAM	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%
MSA	F	0.03%
LZB	D	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
WHR	C	0.03%
ADNT	D	0.03%
COKE	C	0.03%
HOG	D	0.03%
XRAY	D	0.03%
FNF	B	0.03%
DK	F	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%
GMS	C	0.03%
RL	B	0.03%
COHR	A	0.03%
APLE	D	0.03%
MATX	C	0.03%
BURL	D	0.03%
UDR	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%
HII	F	0.03%
WH	C	0.03%
SM	C	0.03%
AWI	A	0.03%
RPRX	D	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%
MDU	C	0.03%
IVZ	B	0.03%
ACM	A	0.03%
BJ	C	0.03%
HSIC	D	0.03%
AMKR	F	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%
FR	D	0.02%
DNOW	F	0.02%
WAL	C	0.02%
TTEK	A	0.02%
APG	F	0.02%
BEN	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%
BXP	C	0.02%
DORM	D	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
SAM	C	0.02%
M	F	0.02%
NAVI	F	0.02%
LNW	F	0.02%
HRL	F	0.02%
GWRE	A	0.02%
VVV	F	0.02%
MCY	B	0.02%
YELP	F	0.02%
PMT	C	0.02%
CC	D	0.02%
EPC	F	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
VSTO	B	0.02%
NTCT	C	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%
WMS	D	0.02%
PINC	F	0.02%
RRC	B	0.02%
FAF	C	0.02%
PAG	D	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%
DINO	D	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	C	0.01%
CACC	F	0.01%
KALU	D	0.01%
ACI	F	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%
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%
MOS	F	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	D	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	B	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	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%
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%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 124 Positions Relative to GSEW

Symbol	Grade	Weight
VRT	B	-0.26%
MSTR	B	-0.26%
DAL	C	-0.24%
LVS	B	-0.24%
FCX	B	-0.24%
GEV	A	-0.24%
ETN	C	-0.23%
AMD	B	-0.23%
DKNG	D	-0.23%
FSLR	C	-0.23%
EXAS	C	-0.23%
TRU	A	-0.22%
PODD	C	-0.22%
STX	B	-0.22%
CRM	B	-0.22%
AXON	A	-0.22%
ALB	D	-0.22%
WBD	D	-0.22%
ABNB	D	-0.22%
TT	A	-0.22%
LYV	B	-0.22%
APO	B	-0.22%
TSLA	C	-0.22%
ROK	C	-0.21%
DE	B	-0.21%
MSFT	D	-0.21%
NET	D	-0.21%
SAIA	D	-0.21%
ENTG	D	-0.21%
CF	A	-0.21%
PINS	C	-0.21%
J	F	-0.21%
DIS	D	-0.21%
TTD	A	-0.21%
CRWD	D	-0.21%
KEYS	C	-0.21%
EQIX	C	-0.21%
VMC	D	-0.21%
TPL	A	-0.21%
ZS	F	-0.21%
SNPS	F	-0.21%
EQT	B	-0.21%
CDNS	D	-0.21%
HUBS	D	-0.21%
EXPE	B	-0.21%
EL	D	-0.21%
APD	C	-0.21%
SWK	C	-0.21%
WY	C	-0.21%
TRMB	B	-0.21%
FTV	C	-0.21%
AWK	C	-0.2%
EPAM	F	-0.2%
MKL	C	-0.2%
ENPH	F	-0.2%
LUV	B	-0.2%
SNOW	F	-0.2%
HON	C	-0.2%
WEC	A	-0.2%
CTSH	B	-0.2%
SYK	C	-0.2%
ZM	C	-0.2%
GPC	D	-0.2%
ROST	D	-0.2%
LIN	B	-0.2%
XEL	B	-0.2%
INTU	F	-0.2%
PCAR	C	-0.2%
STT	C	-0.2%
ILMN	B	-0.2%
RBLX	D	-0.2%
MRVL	B	-0.2%
AME	D	-0.2%
ARE	D	-0.2%
TDY	A	-0.2%
KVUE	C	-0.2%
AEE	A	-0.2%
RJF	B	-0.2%
ON	F	-0.2%
GOOGL	B	-0.2%
MCHP	F	-0.2%
DDOG	C	-0.2%
ADI	C	-0.2%
SNA	A	-0.2%
CNP	B	-0.2%
MOH	D	-0.2%
WDAY	D	-0.19%
EW	F	-0.19%
IQV	F	-0.19%
BG	F	-0.19%
DXCM	F	-0.19%
SWKS	F	-0.19%
PLD	D	-0.19%
GRMN	D	-0.19%
LKQ	F	-0.19%
EOG	B	-0.19%
PCG	C	-0.19%
VEEV	C	-0.19%
CTRA	D	-0.19%
CSGP	F	-0.19%
NTNX	C	-0.19%
TXT	F	-0.19%
VICI	C	-0.19%
EG	B	-0.19%
CBOE	B	-0.19%
OKTA	F	-0.19%
LNG	A	-0.19%
HES	C	-0.19%
ABT	C	-0.19%
MDT	C	-0.19%
TEAM	D	-0.19%
ACGL	B	-0.19%
OXY	D	-0.18%
FDX	F	-0.18%
HAL	D	-0.18%
MDB	D	-0.18%
ZBH	F	-0.18%
BA	F	-0.18%
APA	F	-0.17%
MRNA	F	-0.17%
GPN	F	-0.17%
OVV	D	-0.17%
DVN	F	-0.17%
HUM	F	-0.16%