MFUS vs. GVLU ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Gotham 1000 Value ETF (GVLU)

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

$51.22

Average Daily Volume

5,789

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

GVLU

Gotham 1000 Value ETF

GVLU Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by generally investing in equity securities of 400-600 mid- to large-capitalization companies chosen from a universe of the largest 1,400 companies listed on U.S. stock exchanges measured by market capitalization.

Grade (RS Rating)

Last Trade

$25.10

Average Daily Volume

33,303

Number of Holdings ^*

475

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GVLU
30 Days	0.35%	0.96%
60 Days	4.44%	4.55%
90 Days	6.01%	5.19%
12 Months	31.84%	24.70%

322 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in GVLU	Overlap
	AA	C	0.02%	0.06%	0.02%
	ABG	B	0.08%	0.02%	0.02%
	ABM	B	0.04%	0.39%	0.04%
	ACI	C	0.01%	0.4%	0.01%
	ACM	B	0.04%	0.11%	0.04%
	ADM	F	0.24%	0.24%	0.24%
	AFL	C	0.21%	0.23%	0.21%
	AGCO	F	0.02%	0.16%	0.02%
	AIZ	A	0.08%	0.48%	0.08%
	ALL	B	0.25%	0.49%	0.25%
	ALSN	B	0.1%	0.31%	0.1%
	AMT	F	0.15%	0.12%	0.12%
	AN	C	0.06%	0.06%	0.06%
	ANF	C	0.25%	0.32%	0.25%
	AOS	F	0.09%	0.09%	0.09%
	APG	C	0.02%	0.11%	0.02%
	ARMK	B	0.01%	0.44%	0.01%
	ARW	F	0.04%	0.42%	0.04%
	ASO	F	0.03%	0.29%	0.03%
	ATGE	C	0.06%	0.25%	0.06%
	ATI	F	0.04%	0.15%	0.04%
	AVT	C	0.04%	0.36%	0.04%
	AVY	F	0.1%	0.03%	0.03%
	AXTA	A	0.02%	0.32%	0.02%
	AYI	A	0.1%	0.19%	0.1%
	AZO	B	0.28%	0.14%	0.14%
	BALL	D	0.07%	0.32%	0.07%
	BAX	F	0.05%	0.19%	0.05%
	BBWI	C	0.01%	0.01%	0.01%
	BBY	C	0.22%	0.23%	0.22%
	BC	D	0.06%	0.01%	0.01%
	BDC	C	0.04%	0.1%	0.04%
	BDX	F	0.12%	0.13%	0.12%
	BERY	D	0.06%	0.17%	0.06%
	BHF	B	0.04%	0.05%	0.04%
	BIIB	F	0.07%	0.3%	0.07%
	BJ	B	0.04%	0.06%	0.04%
	BKNG	A	0.41%	0.07%	0.07%
	BKR	B	0.07%	0.3%	0.07%
	BLD	F	0.03%	0.1%	0.03%
	BLDR	C	0.04%	0.01%	0.01%
	BMY	B	0.4%	0.06%	0.06%
	BR	A	0.16%	0.06%	0.06%
	BRC	B	0.01%	0.23%	0.01%
	BWA	B	0.01%	0.19%	0.01%
	CAG	F	0.04%	0.43%	0.04%
	CAH	B	0.25%	0.15%	0.15%
	CALM	B	0.09%	0.25%	0.09%
	CAT	B	0.2%	0.29%	0.2%
	CB	C	0.16%	0.36%	0.16%
	CBT	C	0.05%	0.37%	0.05%
	CCK	D	0.06%	0.46%	0.06%
	CE	F	0.04%	0.01%	0.01%
	CEG	D	0.11%	0.36%	0.11%
	CFR	B	0.01%	0.03%	0.01%
	CHD	A	0.07%	0.02%	0.02%
	CHTR	B	0.3%	0.2%	0.2%
	CI	D	0.13%	0.41%	0.13%
	CINF	A	0.02%	0.3%	0.02%
	CL	F	0.37%	0.2%	0.2%
	CLF	F	0.01%	0.14%	0.01%
	CLX	A	0.13%	0.27%	0.13%
	CMC	B	0.06%	0.32%	0.06%
	CMCSA	B	0.16%	0.36%	0.16%
	CME	B	0.14%	0.35%	0.14%
	CMI	A	0.13%	0.44%	0.13%
	CNC	F	0.05%	0.34%	0.05%
	CNM	D	0.01%	0.1%	0.01%
	CNO	B	0.04%	0.12%	0.04%
	COKE	C	0.02%	0.09%	0.02%
	COP	C	0.07%	0.19%	0.07%
	COR	B	0.17%	0.19%	0.17%
	CPAY	A	0.03%	0.03%	0.03%
	CPB	F	0.05%	0.03%	0.03%
	CROX	F	0.01%	0.28%	0.01%
	CRUS	F	0.04%	0.2%	0.04%
	CSL	B	0.02%	0.36%	0.02%
	CSX	B	0.11%	0.16%	0.11%
	CVS	F	0.66%	0.32%	0.32%
	CVX	A	0.39%	0.34%	0.34%
	CW	C	0.11%	0.02%	0.02%
	D	D	0.07%	0.46%	0.07%
	DCI	A	0.04%	0.23%	0.04%
	DDS	B	0.03%	0.08%	0.03%
	DG	F	0.1%	0.48%	0.1%
	DGX	B	0.09%	0.01%	0.01%
	DINO	D	0.01%	0.03%	0.01%
	DKS	D	0.08%	0.02%	0.02%
	DORM	B	0.02%	0.39%	0.02%
	DOX	C	0.04%	0.31%	0.04%
	DRI	B	0.03%	0.12%	0.03%
	DVA	C	0.15%	0.38%	0.15%
	DXC	B	0.01%	0.28%	0.01%
	EBAY	C	0.36%	0.09%	0.09%
	ELAN	C	0.01%	0.08%	0.01%
	ELV	F	0.16%	0.06%	0.06%
	EME	B	0.04%	0.28%	0.04%
	EMN	D	0.04%	0.09%	0.04%
	ESAB	B	0.01%	0.1%	0.01%
	EWBC	B	0.02%	0.02%	0.02%
	EXEL	B	0.05%	0.22%	0.05%
	FCN	F	0.06%	0.42%	0.06%
	FDS	A	0.04%	0.07%	0.04%
	FELE	B	0.01%	0.2%	0.01%
	FFIV	B	0.06%	0.1%	0.06%
	FITB	A	0.04%	0.0%	0.0%
	FLO	F	0.04%	0.24%	0.04%
	FOXA	A	0.11%	0.37%	0.11%
	FTI	B	0.04%	0.5%	0.04%
	GAP	B	0.06%	0.3%	0.06%
	GEHC	D	0.08%	0.01%	0.01%
	GEN	B	0.1%	0.24%	0.1%
	GILD	B	0.87%	0.41%	0.41%
	GIS	F	0.19%	0.28%	0.19%
	GM	B	0.37%	0.28%	0.28%
	GMS	B	0.03%	0.01%	0.01%
	GNRC	B	0.05%	0.05%	0.05%
	GNTX	C	0.05%	0.06%	0.05%
	GOLF	B	0.01%	0.35%	0.01%
	GPK	D	0.08%	0.14%	0.08%
	GVA	B	0.05%	0.21%	0.05%
	GWW	B	0.21%	0.01%	0.01%
	H	B	0.01%	0.15%	0.01%
	HBAN	A	0.03%	0.03%	0.03%
	HCA	D	0.27%	0.15%	0.15%
	HIG	C	0.06%	0.33%	0.06%
	HOG	D	0.02%	0.09%	0.02%
	HOLX	D	0.04%	0.07%	0.04%
	HP	C	0.02%	0.38%	0.02%
	HPE	B	0.11%	0.29%	0.11%
	HPQ	B	0.29%	0.3%	0.29%
	HRL	F	0.02%	0.21%	0.02%
	HSIC	F	0.03%	0.3%	0.03%
	HSY	F	0.06%	0.11%	0.06%
	HUBG	A	0.04%	0.16%	0.04%
	ICUI	D	0.01%	0.02%	0.01%
	IDCC	B	0.01%	0.51%	0.01%
	IFF	F	0.03%	0.22%	0.03%
	IGT	F	0.01%	0.09%	0.01%
	INCY	B	0.01%	0.19%	0.01%
	INGR	B	0.06%	0.56%	0.06%
	IOSP	B	0.01%	0.06%	0.01%
	IP	B	0.09%	0.3%	0.09%
	IPG	F	0.04%	0.36%	0.04%
	IR	A	0.08%	0.0%	0.0%
	ITW	B	0.1%	0.03%	0.03%
	JBHT	C	0.02%	0.16%	0.02%
	JBL	C	0.03%	0.31%	0.03%
	JCI	A	0.06%	0.33%	0.06%
	JKHY	C	0.11%	0.02%	0.02%
	JNJ	D	1.27%	0.13%	0.13%
	JNPR	D	0.14%	0.03%	0.03%
	JWN	B	0.04%	0.22%	0.04%
	K	A	0.15%	0.49%	0.15%
	KD	A	0.04%	0.11%	0.04%
	KDP	C	0.07%	0.23%	0.07%
	KHC	F	0.16%	0.4%	0.16%
	KLAC	F	0.24%	0.0%	0.0%
	KMB	D	0.17%	0.33%	0.17%
	KMPR	A	0.02%	0.07%	0.02%
	KO	F	1.07%	0.05%	0.05%
	KR	A	0.37%	0.34%	0.34%
	KTB	A	0.06%	0.42%	0.06%
	L	A	0.06%	0.36%	0.06%
	LAD	B	0.02%	0.11%	0.02%
	LANC	C	0.04%	0.03%	0.03%
	LDOS	C	0.13%	0.34%	0.13%
	LEA	F	0.01%	0.08%	0.01%
	LECO	C	0.06%	0.14%	0.06%
	LII	B	0.21%	0.02%	0.02%
	LMT	D	0.78%	0.18%	0.18%
	LNC	B	0.03%	0.17%	0.03%
	LNW	F	0.02%	0.01%	0.01%
	LOPE	B	0.04%	0.19%	0.04%
	LOW	B	0.36%	0.15%	0.15%
	LPX	A	0.07%	0.08%	0.07%
	LRCX	F	0.18%	0.04%	0.04%
	LYB	F	0.16%	0.12%	0.12%
	MAN	F	0.03%	0.06%	0.03%
	MAR	A	0.04%	0.04%	0.04%
	MAS	D	0.06%	0.2%	0.06%
	MASI	B	0.03%	0.1%	0.03%
	MATX	B	0.03%	0.12%	0.03%
	MCD	C	0.54%	0.03%	0.03%
	MCK	B	0.56%	0.18%	0.18%
	MCY	B	0.02%	0.24%	0.02%
	MDLZ	F	0.24%	0.18%	0.18%
	MDU	D	0.02%	0.01%	0.01%
	MET	C	0.32%	0.33%	0.32%
	MHK	D	0.01%	0.19%	0.01%
	MMC	D	0.2%	0.13%	0.13%
	MMM	C	0.58%	0.44%	0.44%
	MMS	F	0.06%	0.39%	0.06%
	MO	A	0.73%	0.42%	0.42%
	MORN	B	0.03%	0.08%	0.03%
	MPC	D	0.32%	0.04%	0.04%
	MRK	F	0.89%	0.11%	0.11%
	MRO	B	0.03%	0.42%	0.03%
	MSA	D	0.02%	0.12%	0.02%
	MSCI	B	0.07%	0.02%	0.02%
	MSM	C	0.06%	0.34%	0.06%
	MTG	C	0.02%	0.0%	0.0%
	MTN	C	0.05%	0.18%	0.05%
	MUR	D	0.01%	0.02%	0.01%
	NBIX	C	0.04%	0.19%	0.04%
	NEU	C	0.02%	0.24%	0.02%
	NFG	D	0.05%	0.26%	0.05%
	NKE	F	0.06%	0.34%	0.06%
	NOC	D	0.37%	0.15%	0.15%
	NOV	C	0.01%	0.01%	0.01%
	NRG	C	0.07%	0.47%	0.07%
	NSIT	F	0.05%	0.27%	0.05%
	NTAP	D	0.1%	0.01%	0.01%
	NWL	B	0.02%	0.26%	0.02%
	NXST	C	0.06%	0.08%	0.06%
	OGN	F	0.05%	0.26%	0.05%
	OLN	F	0.04%	0.1%	0.04%
	OMC	A	0.06%	0.25%	0.06%
	ONB	B	0.01%	0.06%	0.01%
	OSK	B	0.03%	0.2%	0.03%
	PEP	D	0.76%	0.19%	0.19%
	PFE	F	0.62%	0.06%	0.06%
	PG	C	1.03%	0.07%	0.07%
	PGR	A	0.57%	0.5%	0.5%
	PH	A	0.14%	0.01%	0.01%
	PLXS	C	0.03%	0.49%	0.03%
	PM	B	0.92%	0.06%	0.06%
	PNC	B	0.11%	0.01%	0.01%
	PNR	A	0.02%	0.08%	0.02%
	POOL	D	0.07%	0.01%	0.01%
	POST	D	0.05%	0.34%	0.05%
	PPC	C	0.01%	0.58%	0.01%
	PPG	F	0.05%	0.27%	0.05%
	PRIM	B	0.04%	0.37%	0.04%
	PRU	B	0.23%	0.39%	0.23%
	PSN	C	0.02%	0.14%	0.02%
	PSX	C	0.22%	0.08%	0.08%
	PTEN	C	0.01%	0.08%	0.01%
	PVH	C	0.02%	0.27%	0.02%
	PYPL	A	0.12%	0.33%	0.12%
	QCOM	F	0.8%	0.23%	0.23%
	RF	A	0.02%	0.01%	0.01%
	RGA	A	0.06%	0.14%	0.06%
	RGLD	C	0.04%	0.22%	0.04%
	RL	B	0.03%	0.24%	0.03%
	RLI	A	0.03%	0.05%	0.03%
	RMD	C	0.17%	0.09%	0.09%
	RPM	A	0.13%	0.23%	0.13%
	SAIC	D	0.01%	0.03%	0.01%
	SAM	B	0.02%	0.32%	0.02%
	SANM	C	0.04%	0.14%	0.04%
	SBAC	D	0.03%	0.1%	0.03%
	SEE	C	0.06%	0.3%	0.06%
	SEM	C	0.04%	0.24%	0.04%
	SHOO	D	0.03%	0.04%	0.03%
	SKYW	B	0.06%	0.49%	0.06%
	SLB	C	0.01%	0.47%	0.01%
	SLGN	B	0.05%	0.26%	0.05%
	SLVM	C	0.04%	0.4%	0.04%
	SM	C	0.03%	0.21%	0.03%
	SMG	D	0.05%	0.32%	0.05%
	SNDR	B	0.02%	0.01%	0.01%
	SNV	B	0.02%	0.01%	0.01%
	SO	D	0.13%	0.08%	0.08%
	SON	F	0.04%	0.4%	0.04%
	SPB	A	0.01%	0.01%	0.01%
	SSNC	C	0.02%	0.19%	0.02%
	STE	D	0.08%	0.11%	0.08%
	STZ	D	0.06%	0.35%	0.06%
	SWX	B	0.01%	0.21%	0.01%
	SXT	B	0.02%	0.16%	0.02%
	SYY	D	0.13%	0.28%	0.13%
	T	A	0.74%	0.4%	0.4%
	TAP	B	0.08%	0.41%	0.08%
	TDC	F	0.02%	0.17%	0.02%
	TEX	D	0.05%	0.14%	0.05%
	TFC	B	0.08%	0.01%	0.01%
	TFX	F	0.03%	0.03%	0.03%
	TGNA	B	0.04%	0.12%	0.04%
	TGT	C	0.75%	0.31%	0.31%
	THC	B	0.28%	0.48%	0.28%
	THG	A	0.04%	0.43%	0.04%
	THO	B	0.07%	0.02%	0.02%
	TKR	F	0.04%	0.14%	0.04%
	TMUS	A	0.42%	0.28%	0.28%
	TPR	A	0.01%	0.36%	0.01%
	TPX	B	0.03%	0.08%	0.03%
	TRV	B	0.2%	0.41%	0.2%
	TSN	B	0.17%	0.11%	0.11%
	TTC	F	0.06%	0.33%	0.06%
	TTEK	F	0.02%	0.02%	0.02%
	UFPI	B	0.06%	0.04%	0.04%
	UHS	D	0.06%	0.3%	0.06%
	ULTA	C	0.04%	0.08%	0.04%
	UNF	B	0.03%	0.16%	0.03%
	UNH	B	0.77%	0.19%	0.19%
	UNM	A	0.04%	0.44%	0.04%
	UNP	D	0.51%	0.02%	0.02%
	UPS	C	0.25%	0.01%	0.01%
	URBN	C	0.05%	0.37%	0.05%
	URI	B	0.09%	0.07%	0.07%
	USFD	B	0.05%	0.22%	0.05%
	UTHR	B	0.19%	0.29%	0.19%
	V	A	0.3%	0.02%	0.02%
	VFC	C	0.02%	0.35%	0.02%
	VLO	C	0.16%	0.25%	0.16%
	VNT	C	0.01%	0.01%	0.01%
	VRSN	C	0.04%	0.22%	0.04%
	VTRS	B	0.13%	0.13%	0.13%
	VZ	D	1.03%	0.44%	0.44%
	WBA	D	0.13%	0.29%	0.13%
	WCC	B	0.08%	0.25%	0.08%
	WEN	C	0.06%	0.08%	0.06%
	WH	A	0.04%	0.13%	0.04%
	WOR	F	0.01%	0.05%	0.01%
	WRB	B	0.02%	0.34%	0.02%
	WSM	F	0.19%	0.14%	0.14%
	WTFC	B	0.01%	0.01%	0.01%
	WU	F	0.06%	0.28%	0.06%
	XRAY	F	0.03%	0.12%	0.03%
	YUM	B	0.14%	0.03%	0.03%
	ZION	B	0.02%	0.01%	0.01%

MFUS Overweight 493 Positions Relative to GVLU

	Symbol	Grade	Weight
	LLY	F	2.52%
	META	B	2.36%
	BRK.A	B	2.36%
	NVDA	A	1.82%
	WMT	A	1.72%
	ABBV	F	1.65%
	AMZN	A	1.64%
	AVGO	C	1.63%
	ORCL	A	1.42%
	COST	B	1.33%
	IBM	D	1.07%
	AMGN	F	1.03%
	AAPL	C	0.96%
	JPM	A	0.93%
	WFC	A	0.87%
	C	B	0.65%
	CSCO	A	0.65%
	HD	B	0.62%
	GE	D	0.56%
	AMAT	F	0.55%
	NFLX	A	0.48%
	XOM	B	0.44%
	BAC	A	0.42%
	REGN	F	0.4%
	AIG	B	0.36%
	TJX	A	0.36%
	GS	B	0.36%
	NOW	A	0.34%
	TXN	B	0.3%
	TMO	F	0.3%
	SPGI	C	0.29%
	ICE	C	0.29%
	WM	A	0.28%
	ISRG	A	0.28%
	MA	B	0.28%
	LHX	B	0.27%
	COF	B	0.27%
	SYF	B	0.27%
	DHR	F	0.26%
	AON	B	0.25%
	GD	C	0.25%
	NEE	D	0.24%
	SFM	B	0.24%
	ACN	B	0.24%
	VRTX	B	0.23%
	PANW	B	0.23%
	FICO	B	0.22%
	AXP	B	0.22%
	SHW	A	0.22%
	UBER	F	0.22%
	RTX	D	0.22%
	GLW	B	0.21%
	ORLY	A	0.2%
	CMG	B	0.2%
	BSX	A	0.2%
	VST	B	0.2%
	MS	A	0.2%
	INTC	C	0.19%
	MSI	B	0.19%
	CTAS	B	0.19%
	BAH	C	0.18%
	BK	B	0.18%
	NEM	F	0.18%
	FI	A	0.18%
	MU	D	0.17%
	AMP	A	0.17%
	EA	A	0.17%
	DECK	B	0.16%
	CASY	B	0.16%
	SPG	A	0.16%
	PLTR	B	0.16%
	WSO	B	0.16%
	VRSK	A	0.16%
	ANET	C	0.15%
	HWM	B	0.15%
	MUSA	B	0.15%
	F	C	0.15%
	AJG	A	0.15%
	TDG	D	0.15%
	DUK	D	0.14%
	MCO	C	0.14%
	KKR	B	0.14%
	IT	B	0.14%
	FAST	B	0.13%
	DPZ	C	0.13%
	IRM	D	0.13%
	RSG	B	0.13%
	CHRW	A	0.13%
	EVR	B	0.12%
	PWR	B	0.12%
	BRO	B	0.12%
	BX	A	0.12%
	APH	B	0.12%
	WELL	B	0.12%
	CACI	C	0.11%
	XYL	F	0.11%
	BWXT	B	0.11%
	WTW	A	0.11%
	GDDY	B	0.11%
	EXPD	C	0.11%
	ADP	A	0.11%
	TSCO	D	0.11%
	EXR	D	0.11%
	EFX	F	0.11%
	SBUX	B	0.1%
	NVR	D	0.1%
	PSA	D	0.1%
	TRGP	B	0.1%
	WMB	B	0.1%
	PHM	D	0.1%
	CRS	B	0.1%
	KMI	B	0.1%
	PKG	B	0.1%
	JXN	C	0.1%
	DASH	A	0.1%
	DD	D	0.1%
	USB	B	0.1%
	ARES	B	0.09%
	GPI	B	0.09%
	IEX	B	0.09%
	LSTR	B	0.09%
	ADSK	B	0.09%
	TROW	A	0.09%
	OKE	A	0.09%
	DLR	C	0.09%
	DFS	B	0.09%
	EHC	B	0.09%
	RCL	A	0.09%
	HLT	A	0.09%
	TMHC	B	0.09%
	MTD	F	0.09%
	OTIS	D	0.08%
	HCC	C	0.08%
	EMR	A	0.08%
	FIS	B	0.08%
	HRB	D	0.08%
	HLI	B	0.08%
	AEO	F	0.08%
	MPWR	F	0.08%
	ITT	A	0.08%
	SMCI	F	0.08%
	CPRT	A	0.08%
	ATR	A	0.08%
	NUE	D	0.08%
	SEIC	A	0.08%
	EQH	B	0.08%
	ECL	C	0.08%
	MLI	B	0.08%
	TYL	B	0.08%
	SLG	C	0.08%
	WDC	D	0.08%
	AEP	D	0.08%
	CNX	B	0.07%
	EXP	B	0.07%
	COIN	B	0.07%
	R	B	0.07%
	NSC	B	0.07%
	DHI	D	0.07%
	SCI	B	0.07%
	BCC	B	0.07%
	LEN	D	0.07%
	EXC	C	0.07%
	TTWO	A	0.07%
	ALNY	D	0.07%
	GLPI	D	0.07%
	MLM	B	0.07%
	MNST	B	0.07%
	CCI	F	0.07%
	SRE	B	0.07%
	VNO	C	0.07%
	BTU	C	0.06%
	CHE	D	0.06%
	TPH	C	0.06%
	TW	B	0.06%
	WAT	B	0.06%
	CPT	C	0.06%
	PEG	C	0.06%
	ED	D	0.06%
	MKC	D	0.06%
	TXRH	A	0.06%
	O	D	0.06%
	JLL	C	0.06%
	LPLA	A	0.06%
	PK	C	0.06%
	AMG	B	0.06%
	FTNT	B	0.06%
	MTH	D	0.06%
	ROP	A	0.06%
	TOL	B	0.06%
	APP	B	0.06%
	ROL	C	0.06%
	ERIE	F	0.05%
	SCHW	B	0.05%
	CRBG	C	0.05%
	WST	B	0.05%
	ETR	B	0.05%
	FANG	C	0.05%
	NDAQ	B	0.05%
	COOP	B	0.05%
	HBI	B	0.05%
	CARR	C	0.05%
	G	B	0.05%
	CBRE	B	0.05%
	EIX	C	0.05%
	ANSS	B	0.05%
	VIRT	B	0.05%
	CRI	D	0.05%
	IDXX	F	0.05%
	ALLY	C	0.05%
	SUI	F	0.05%
	ZTS	D	0.05%
	BFH	B	0.05%
	WAB	B	0.05%
	A	F	0.05%
	IBKR	A	0.05%
	LUMN	C	0.05%
	LAMR	D	0.05%
	SLM	A	0.05%
	FCNCA	B	0.05%
	SQ	B	0.05%
	FIX	B	0.05%
	MTB	A	0.04%
	ESS	C	0.04%
	AMH	C	0.04%
	ADBE	C	0.04%
	EQR	C	0.04%
	CFG	B	0.04%
	TRN	B	0.04%
	CDP	C	0.04%
	PPL	A	0.04%
	INVH	D	0.04%
	ES	D	0.04%
	CLH	B	0.04%
	ELS	B	0.04%
	AGNC	C	0.04%
	PAYX	B	0.04%
	CVLT	B	0.04%
	RUSHA	B	0.04%
	PSTG	D	0.04%
	WTM	A	0.04%
	GBX	A	0.04%
	HEI	A	0.04%
	NWSA	B	0.04%
	AROC	B	0.04%
	GEO	B	0.04%
	FL	F	0.04%
	CMA	A	0.04%
	CPNG	B	0.04%
	CTVA	C	0.04%
	GATX	B	0.04%
	JHG	A	0.04%
	SIG	B	0.04%
	PTC	B	0.04%
	VTR	C	0.04%
	STLD	C	0.04%
	MAC	B	0.04%
	CUBE	D	0.04%
	AR	B	0.04%
	RS	C	0.04%
	ZBRA	B	0.04%
	TDS	C	0.04%
	SJM	F	0.04%
	VLTO	D	0.04%
	SRCL	B	0.04%
	MHO	D	0.04%
	MOG.A	B	0.04%
	NDSN	B	0.04%
	FLEX	B	0.04%
	DRH	C	0.03%
	HXL	F	0.03%
	ORA	B	0.03%
	BKE	A	0.03%
	RYN	F	0.03%
	APAM	B	0.03%
	OI	C	0.03%
	DLTR	F	0.03%
	OMF	A	0.03%
	BURL	C	0.03%
	FNF	C	0.03%
	WPC	F	0.03%
	WHR	B	0.03%
	VC	F	0.03%
	FHI	A	0.03%
	BKU	A	0.03%
	NTRS	A	0.03%
	AKAM	F	0.03%
	UDR	C	0.03%
	AMKR	F	0.03%
	PRG	B	0.03%
	CG	B	0.03%
	DELL	C	0.03%
	TER	F	0.03%
	APLE	B	0.03%
	COHR	C	0.03%
	LBRDK	C	0.03%
	MC	B	0.03%
	BFAM	F	0.03%
	GNW	B	0.03%
	AVB	B	0.03%
	LW	B	0.03%
	GGG	B	0.03%
	AVA	C	0.03%
	X	D	0.03%
	AVTR	F	0.03%
	RPRX	F	0.03%
	CDW	F	0.03%
	DBRG	F	0.03%
	CMS	D	0.03%
	XPO	B	0.03%
	HUBB	C	0.03%
	FE	D	0.03%
	IVZ	B	0.03%
	HOOD	B	0.03%
	NYT	C	0.03%
	KBH	D	0.03%
	MANH	C	0.03%
	COLD	F	0.03%
	AWI	B	0.03%
	PHIN	B	0.02%
	REZI	A	0.02%
	HE	F	0.02%
	TTMI	B	0.02%
	DNOW	B	0.02%
	LAUR	B	0.02%
	EVRG	A	0.02%
	WAL	B	0.02%
	LXP	D	0.02%
	BHE	C	0.02%
	UHAL	D	0.02%
	SATS	D	0.02%
	BEN	C	0.02%
	KIM	A	0.02%
	ATO	B	0.02%
	JBLU	C	0.02%
	LEG	F	0.02%
	ODFL	B	0.02%
	OSIS	B	0.02%
	VSH	F	0.02%
	ANDE	D	0.02%
	HNI	B	0.02%
	BXP	D	0.02%
	WKC	C	0.02%
	NSP	F	0.02%
	BRKR	F	0.02%
	NAVI	D	0.02%
	HST	D	0.02%
	ODP	F	0.02%
	DTE	D	0.02%
	RHI	B	0.02%
	DOW	F	0.02%
	PMT	D	0.02%
	MAA	C	0.02%
	LNT	C	0.02%
	VVV	B	0.02%
	M	C	0.02%
	RLJ	C	0.02%
	OC	A	0.02%
	EPC	F	0.02%
	APOG	B	0.02%
	DOV	A	0.02%
	PFSI	D	0.02%
	YELP	C	0.02%
	PBF	F	0.02%
	AIR	B	0.02%
	NTCT	B	0.02%
	VSCO	B	0.02%
	GWRE	A	0.02%
	XHR	B	0.02%
	DLB	D	0.02%
	SKX	F	0.02%
	OHI	C	0.02%
	NI	A	0.02%
	CCL	B	0.02%
	HAE	B	0.02%
	CTLT	D	0.02%
	PAG	B	0.02%
	SBH	A	0.02%
	CC	C	0.02%
	GHC	B	0.02%
	FAF	C	0.02%
	CXW	B	0.02%
	KBR	D	0.02%
	GEF	B	0.02%
	WMS	F	0.02%
	RRC	B	0.02%
	HII	F	0.02%
	KSS	D	0.02%
	DK	D	0.02%
	THS	F	0.02%
	STC	C	0.02%
	VSTO	A	0.02%
	GMED	B	0.02%
	KEY	B	0.02%
	ADNT	D	0.02%
	PDCO	F	0.02%
	LZB	B	0.02%
	PINC	B	0.02%
	PNM	B	0.02%
	ACA	B	0.02%
	MKTX	C	0.02%
	WERN	B	0.02%
	JEF	B	0.02%
	AAP	C	0.01%
	SVC	F	0.01%
	QRVO	F	0.01%
	KNX	C	0.01%
	CPRI	F	0.01%
	SCL	C	0.01%
	UHAL	D	0.01%
	RKT	F	0.01%
	MLKN	D	0.01%
	MKSI	C	0.01%
	PARA	B	0.01%
	CACC	D	0.01%
	IMKTA	B	0.01%
	CNXN	C	0.01%
	ECPG	C	0.01%
	ARI	C	0.01%
	RDN	C	0.01%
	HTH	B	0.01%
	GIII	C	0.01%
	UVV	B	0.01%
	SR	C	0.01%
	WGO	B	0.01%
	SSB	B	0.01%
	ARCH	B	0.01%
	CVI	F	0.01%
	ALEX	B	0.01%
	PNW	A	0.01%
	UGI	D	0.01%
	SEB	F	0.01%
	OUT	B	0.01%
	RVTY	C	0.01%
	PB	B	0.01%
	XRX	F	0.01%
	KALU	C	0.01%
	CNS	C	0.01%
	CENTA	C	0.01%
	ESI	B	0.01%
	SHO	D	0.01%
	SPR	F	0.01%
	WAFD	B	0.01%
	JELD	F	0.01%
	JBGS	F	0.01%
	SIGI	B	0.01%
	PECO	B	0.01%
	PFG	C	0.01%
	AMED	F	0.01%
	WMK	B	0.01%
	OMI	F	0.01%
	DY	C	0.01%
	FDP	B	0.01%
	STRA	C	0.01%
	DAN	D	0.01%
	MOS	D	0.01%
	KN	B	0.01%
	CBSH	A	0.01%
	TNET	C	0.01%
	FHN	A	0.01%
	CSGS	B	0.01%
	CADE	B	0.01%
	NNN	F	0.01%
	ESNT	D	0.01%
	LADR	B	0.01%
	CR	B	0.01%
	FLR	C	0.01%
	AES	F	0.01%
	WWD	B	0.01%
	RBC	B	0.01%
	DTM	A	0.01%
	GES	F	0.01%
	ALGN	D	0.01%
	GME	C	0.01%
	UAL	A	0.01%
	SCS	B	0.01%
	NNI	C	0.01%
	SAH	B	0.01%
	PSMT	D	0.01%
	KEX	A	0.01%
	AMWD	B	0.01%
	ADC	A	0.01%
	CWEN	D	0.01%
	BMRN	F	0.01%
	WBS	A	0.01%
	FYBR	D	0.01%
	DEI	B	0.01%
	SF	A	0.01%
	GT	C	0.01%
	FR	D	0.01%
	SCCO	F	0.0%
	NOMD	F	0.0%
	WOLF	F	0.0%
	HUN	F	0.0%

MFUS Underweight 153 Positions Relative to GVLU

	Symbol	Grade	Weight
	RNR	D	-0.55%
	MOH	F	-0.51%
	ACGL	C	-0.5%
	EG	D	-0.5%
	MKL	A	-0.5%
	AGO	B	-0.49%
	GL	B	-0.48%
	ALKS	C	-0.47%
	ESGR	B	-0.45%
	WHD	B	-0.44%
	EOG	A	-0.4%
	JAZZ	B	-0.4%
	TKO	D	-0.39%
	PRMW	C	-0.38%
	REYN	D	-0.37%
	VMI	B	-0.37%
	ADTN	B	-0.36%
	CNA	C	-0.36%
	J	D	-0.36%
	FTDR	B	-0.36%
	UA	B	-0.36%
	MIDD	D	-0.35%
	CNK	B	-0.35%
	SNA	A	-0.35%
	EEFT	C	-0.35%
	ZM	B	-0.35%
	LNG	B	-0.35%
	DAL	A	-0.35%
	GFF	B	-0.34%
	CHX	C	-0.34%
	SMPL	B	-0.34%
	SWK	F	-0.34%
	RRX	B	-0.33%
	SOLV	C	-0.33%
	DAR	B	-0.33%
	LKQ	C	-0.33%
	LNTH	F	-0.33%
	WEX	D	-0.32%
	BCO	F	-0.32%
	GPN	B	-0.31%
	POWL	C	-0.31%
	ASH	F	-0.31%
	OPCH	F	-0.3%
	DIS	B	-0.28%
	SNX	C	-0.28%
	CEIX	B	-0.28%
	MWA	B	-0.27%
	FMC	F	-0.27%
	AAL	B	-0.27%
	SWKS	F	-0.27%
	CBOE	D	-0.27%
	FDX	B	-0.27%
	KNSL	C	-0.27%
	CTRA	B	-0.27%
	OTEX	F	-0.26%
	MTZ	B	-0.25%
	ASGN	D	-0.25%
	BYD	A	-0.24%
	AVNT	B	-0.24%
	LCII	D	-0.24%
	LRN	B	-0.23%
	DBX	B	-0.23%
	TAC	B	-0.22%
	AFG	A	-0.22%
	HAS	D	-0.22%
	FUL	F	-0.21%
	WSC	F	-0.21%
	UI	B	-0.21%
	ORI	A	-0.21%
	MTCH	F	-0.21%
	NVST	C	-0.2%
	QGEN	D	-0.2%
	KMX	B	-0.19%
	IPGP	C	-0.19%
	AXS	A	-0.19%
	KFY	B	-0.18%
	PBH	A	-0.18%
	GTES	B	-0.17%
	PAYC	B	-0.16%
	OVV	C	-0.16%
	FN	C	-0.16%
	WMG	B	-0.15%
	KWR	C	-0.15%
	GTLS	B	-0.15%
	LTH	D	-0.14%
	TDY	B	-0.14%
	ACIW	B	-0.14%
	LULU	B	-0.14%
	HAYW	B	-0.14%
	AIT	A	-0.13%
	LEVI	F	-0.13%
	EXPE	B	-0.13%
	COLM	B	-0.13%
	ICFI	C	-0.12%
	KNF	C	-0.12%
	FLS	B	-0.12%
	WYNN	C	-0.12%
	USM	C	-0.12%
	IRDM	B	-0.11%
	IBOC	B	-0.11%
	CIEN	B	-0.11%
	PII	F	-0.1%
	ACT	C	-0.1%
	FG	B	-0.1%
	AM	B	-0.1%
	ALLE	D	-0.1%
	FOUR	B	-0.1%
	ACLS	F	-0.1%
	CF	B	-0.1%
	PAYO	B	-0.09%
	LBRT	F	-0.09%
	CZR	F	-0.09%
	KVUE	A	-0.09%
	ATKR	C	-0.09%
	APTV	F	-0.08%
	GFS	C	-0.08%
	NOG	B	-0.08%
	OZK	B	-0.08%
	ZBH	C	-0.08%
	PRI	B	-0.08%
	ENS	D	-0.08%
	AZEK	B	-0.08%
	WFG	C	-0.07%
	ST	F	-0.07%
	OXY	F	-0.07%
	BIO	C	-0.06%
	RBA	B	-0.06%
	ROST	D	-0.05%
	WFRD	F	-0.05%
	HALO	C	-0.05%
	VRRM	D	-0.05%
	CXT	F	-0.04%
	ETSY	D	-0.04%
	ALE	A	-0.04%
	MTX	B	-0.04%
	BRBR	A	-0.04%
	HON	B	-0.04%
	FIZZ	C	-0.03%
	CATY	B	-0.02%
	HAL	C	-0.02%
	VRT	B	-0.02%
	CSWI	B	-0.01%
	IESC	B	-0.01%
	IBP	F	-0.01%
	FSS	C	-0.01%
	JJSF	C	-0.01%
	NVT	C	-0.01%
	COLB	A	-0.01%
	IFS	B	-0.01%
	FULT	B	-0.0%
	BOOT	C	-0.0%
	VLY	B	-0.0%
	QLYS	B	-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 Transport Beverage Clothing Dow Jones Component Retail Store Retailing

GVLU: Top Represented Industries & Keywords

Industries: Diversified Industrials Banks - Regional - US Insurance - Property & Casualty Packaged Foods Business Services Specialty Chemicals Engineering & Construction Insurance - Life Medical Instruments & Supplies Oil & Gas E&P Building Materials Oil & Gas Equipment & Services Packaging & Containers Specialty Retail Telecom Services Apparel Manufacturing Apparel Stores Auto Parts Biotechnology Household & Personal Products

Keywords: S&P 500 Insurance Nasdaq 100 Mining Chemical Natural Gas Bank Electronics Construction Banking Insurance Products Telecommunications Computing Aerospace Life Insurance Oil And Gas Petroleum Industry Retail Store Beverage Clothing