MFUS vs. HAPI ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Harbor Corporate Culture ETF (HAPI)

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

$52.38

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

HAPI

Harbor Corporate Culture ETF

HAPI Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 150 U.S. companies identified by Irrational Capital LLC ("Irrational Capital") as those the advisor believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$36.36

Average Daily Volume

5,644

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	HAPI
30 Days	2.73%	2.60%
60 Days	3.41%	4.98%
90 Days	5.38%	6.65%
12 Months	32.49%	35.11%

108 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in HAPI	Overlap
A	D	0.05%	0.2%	0.05%
AAPL	C	0.97%	5.25%	0.97%
ADBE	C	0.04%	0.74%	0.04%
ADP	B	0.11%	0.39%	0.11%
ADSK	A	0.09%	0.2%	0.09%
ALNY	D	0.06%	0.17%	0.06%
AMAT	F	0.5%	0.76%	0.5%
AMGN	D	0.92%	0.89%	0.89%
AMZN	C	1.65%	5.0%	1.65%
ANET	C	0.14%	0.27%	0.14%
ANSS	B	0.05%	0.09%	0.05%
ARES	A	0.09%	0.12%	0.09%
AXP	A	0.23%	0.91%	0.23%
BAC	A	0.45%	1.88%	0.45%
BAH	F	0.14%	0.11%	0.11%
BDX	F	0.11%	0.36%	0.11%
BKNG	A	0.42%	1.52%	0.42%
BKR	B	0.08%	0.26%	0.08%
BLDR	D	0.04%	0.19%	0.04%
BLK	C	0.18%	0.87%	0.18%
BMRN	D	0.01%	0.06%	0.01%
BR	A	0.17%	0.09%	0.09%
BRO	B	0.12%	0.14%	0.12%
BSX	B	0.21%	1.15%	0.21%
BX	A	0.13%	0.71%	0.13%
CAT	B	0.2%	1.13%	0.2%
CINF	A	0.02%	0.13%	0.02%
CL	D	0.36%	0.3%	0.3%
CME	A	0.14%	0.44%	0.14%
CMI	A	0.14%	0.29%	0.14%
CPT	B	0.06%	0.07%	0.06%
CSCO	B	0.68%	0.75%	0.68%
CTVA	C	0.04%	0.31%	0.04%
CVX	A	0.39%	2.07%	0.39%
DD	D	0.1%	0.29%	0.1%
DOW	F	0.02%	0.29%	0.02%
DTE	C	0.02%	0.16%	0.02%
DUK	C	0.13%	0.6%	0.13%
EBAY	D	0.36%	0.29%	0.29%
ED	D	0.06%	0.23%	0.06%
EIX	B	0.05%	0.22%	0.05%
ESS	B	0.04%	0.11%	0.04%
EXC	C	0.07%	0.26%	0.07%
EXR	D	0.11%	0.2%	0.11%
F	C	0.15%	0.16%	0.15%
FDS	B	0.04%	0.06%	0.04%
FICO	B	0.25%	0.17%	0.17%
FTNT	C	0.07%	0.18%	0.07%
GE	D	0.56%	1.05%	0.56%
GEHC	F	0.07%	0.15%	0.07%
GILD	C	0.84%	0.65%	0.65%
GIS	D	0.17%	0.15%	0.15%
GWW	B	0.22%	0.41%	0.22%
HIG	B	0.06%	0.19%	0.06%
HLT	A	0.1%	0.58%	0.1%
HPE	B	0.11%	0.09%	0.09%
HPQ	B	0.29%	0.12%	0.12%
IBM	C	1.09%	0.6%	0.6%
INTC	D	0.19%	0.32%	0.19%
ISRG	A	0.29%	1.01%	0.29%
IT	C	0.14%	0.13%	0.13%
JNJ	D	1.2%	2.09%	1.2%
JPM	A	0.99%	3.99%	0.99%
KKR	A	0.15%	0.5%	0.15%
KLAC	D	0.22%	0.25%	0.22%
KMB	D	0.17%	0.18%	0.17%
KO	D	1.01%	0.93%	0.93%
LHX	C	0.26%	0.28%	0.26%
LII	A	0.22%	0.11%	0.11%
LLY	F	2.3%	2.89%	2.3%
LMT	D	0.75%	0.83%	0.75%
MA	C	0.28%	2.54%	0.28%
MAR	B	0.04%	0.68%	0.04%
MDLZ	F	0.22%	0.35%	0.22%
META	D	2.32%	3.22%	2.32%
MO	A	0.74%	0.38%	0.38%
MS	A	0.22%	1.02%	0.22%
MSCI	C	0.06%	0.15%	0.06%
NDAQ	A	0.05%	0.16%	0.05%
NFLX	A	0.55%	1.14%	0.55%
NKE	D	0.06%	0.33%	0.06%
NOC	D	0.35%	0.45%	0.35%
NOW	A	0.35%	0.63%	0.35%
NTAP	C	0.1%	0.08%	0.08%
NVDA	C	1.9%	8.04%	1.9%
PANW	C	0.25%	0.34%	0.25%
PEP	F	0.71%	0.84%	0.71%
PFE	D	0.55%	0.77%	0.55%
PFG	D	0.01%	0.12%	0.01%
PG	A	1.04%	1.56%	1.04%
PHM	D	0.1%	0.11%	0.1%
PWR	A	0.12%	0.26%	0.12%
QCOM	F	0.73%	0.56%	0.56%
RMD	C	0.17%	0.2%	0.17%
SBAC	D	0.03%	0.14%	0.03%
SLB	C	0.01%	0.38%	0.01%
SO	D	0.13%	0.64%	0.13%
SPG	B	0.17%	0.31%	0.17%
STLD	B	0.04%	0.2%	0.04%
STZ	D	0.05%	0.14%	0.05%
SYF	B	0.31%	0.15%	0.15%
TER	D	0.03%	0.05%	0.03%
TRV	B	0.2%	0.33%	0.2%
TXN	C	0.28%	0.61%	0.28%
URI	B	0.09%	0.31%	0.09%
WMB	A	0.11%	0.56%	0.11%
ZBRA	B	0.04%	0.06%	0.04%
ZTS	D	0.05%	0.46%	0.05%

MFUS Overweight 707 Positions Relative to HAPI

Symbol	Grade	Weight
BRK.A	B	2.44%
WMT	A	1.77%
ORCL	B	1.56%
AVGO	D	1.54%
COST	B	1.36%
ABBV	D	1.35%
VZ	C	1.03%
WFC	A	0.99%
PM	B	0.89%
MRK	F	0.83%
UNH	C	0.81%
T	A	0.75%
C	A	0.7%
CVS	D	0.67%
MCK	B	0.64%
HD	A	0.62%
PGR	A	0.59%
TGT	F	0.59%
MMM	D	0.58%
MCD	D	0.52%
UNP	C	0.5%
XOM	B	0.43%
TMUS	B	0.43%
BMY	B	0.41%
GS	A	0.4%
TJX	A	0.38%
GM	B	0.38%
KR	B	0.37%
MPC	D	0.35%
LOW	D	0.35%
REGN	F	0.35%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
CHTR	C	0.3%
ICE	C	0.29%
SPGI	C	0.29%
COF	B	0.29%
AZO	C	0.28%
CAH	B	0.27%
WM	A	0.27%
TMO	F	0.27%
THC	D	0.26%
ALL	A	0.26%
VST	B	0.26%
AON	A	0.25%
SFM	A	0.25%
DHR	F	0.24%
PLTR	B	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
WSM	B	0.24%
ACN	C	0.24%
NEE	D	0.23%
ADM	D	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
AFL	B	0.22%
RTX	C	0.22%
VRTX	F	0.21%
SHW	A	0.21%
MSI	B	0.2%
ORLY	B	0.2%
MMC	B	0.2%
GLW	B	0.2%
BBY	D	0.2%
CMG	B	0.2%
UBER	D	0.2%
EA	A	0.19%
FI	A	0.19%
CTAS	B	0.19%
HWM	A	0.18%
TSN	B	0.18%
WSO	A	0.18%
AMP	A	0.18%
BK	A	0.18%
UTHR	C	0.18%
NEM	D	0.17%
DECK	A	0.17%
CASY	A	0.17%
DVA	B	0.17%
COR	B	0.17%
MU	D	0.16%
AJG	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
LRCX	F	0.16%
CMCSA	B	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	A	0.15%
K	A	0.15%
LYB	F	0.15%
ELV	F	0.15%
CHRW	C	0.14%
AMT	D	0.14%
KHC	F	0.14%
MCO	B	0.14%
PH	A	0.14%
CLX	B	0.13%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
RPM	A	0.13%
YUM	B	0.13%
CI	F	0.13%
RSG	A	0.13%
PNC	B	0.12%
SYY	B	0.12%
WELL	A	0.12%
IRM	D	0.12%
APH	A	0.12%
JNPR	F	0.12%
PYPL	B	0.12%
GDDY	A	0.12%
RCL	A	0.11%
XYL	D	0.11%
CW	B	0.11%
EXPD	D	0.11%
WTW	B	0.11%
ALSN	B	0.11%
LDOS	C	0.11%
CSX	B	0.11%
USB	A	0.11%
TSCO	D	0.11%
DASH	A	0.11%
WBA	F	0.11%
FOXA	B	0.11%
CEG	D	0.11%
COIN	C	0.11%
KMI	A	0.11%
BWXT	B	0.11%
CRS	A	0.11%
TRGP	B	0.11%
AYI	B	0.1%
JXN	C	0.1%
ITW	B	0.1%
OKE	A	0.1%
JKHY	D	0.1%
DFS	B	0.1%
GEN	B	0.1%
PKG	A	0.1%
EFX	F	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	A	0.09%
AIZ	A	0.09%
EMR	A	0.09%
MLI	C	0.09%
TROW	B	0.09%
DGX	A	0.09%
EHC	B	0.09%
IR	B	0.09%
NVR	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
AVY	D	0.09%
CALM	A	0.09%
IP	B	0.09%
DLR	B	0.09%
SBUX	A	0.09%
PSA	D	0.09%
NRG	B	0.08%
GEO	B	0.08%
TTWO	A	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	D	0.08%
TYL	B	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	B	0.08%
TAP	C	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
BCC	B	0.07%
LPLA	A	0.07%
SCI	B	0.07%
NSC	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	0.07%
AEO	F	0.07%
CHD	B	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	C	0.07%
D	C	0.07%
HRB	D	0.07%
FIS	C	0.07%
CNX	A	0.07%
OTIS	C	0.07%
SEE	C	0.06%
JLL	D	0.06%
O	D	0.06%
LECO	B	0.06%
GNRC	B	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
MKC	D	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
UHS	D	0.06%
TW	A	0.06%
MTH	D	0.06%
MAS	D	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	C	0.06%
PEG	A	0.06%
AMG	B	0.06%
DHI	D	0.06%
L	A	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	A	0.06%
RGA	A	0.06%
FFIV	B	0.06%
IBKR	A	0.06%
TOL	B	0.06%
LEN	D	0.06%
ROL	B	0.06%
EME	C	0.05%
URBN	C	0.05%
CNO	A	0.05%
FANG	D	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	A	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	D	0.05%
GNTX	C	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	D	0.05%
CBRE	B	0.05%
FLEX	A	0.05%
USFD	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
SCHW	B	0.05%
LAMR	D	0.05%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
NXST	C	0.05%
HSY	F	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	A	0.05%
WAB	B	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	B	0.05%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
EQR	B	0.04%
AWI	A	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	B	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	C	0.04%
ELS	C	0.04%
PAYX	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
CFG	B	0.04%
MTB	A	0.04%
FLO	D	0.04%
CAG	D	0.04%
ARW	D	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
VRSN	F	0.04%
VTR	C	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	D	0.04%
PTC	A	0.04%
NBIX	C	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
WTM	A	0.04%
CPB	D	0.04%
BAX	D	0.04%
JHG	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	B	0.04%
HUBG	A	0.04%
RGLD	C	0.04%
FITB	A	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
CNC	D	0.04%
FTI	A	0.04%
PPG	F	0.04%
CRBG	B	0.04%
VLTO	D	0.04%
WERN	C	0.04%
DCI	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
STC	B	0.03%
HAE	C	0.03%
WRB	A	0.03%
GEF	A	0.03%
DRH	B	0.03%
COKE	C	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	B	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	D	0.03%
DRI	B	0.03%
AVTR	F	0.03%
WPC	D	0.03%
BKE	B	0.03%
LBRDK	C	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	A	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
RL	B	0.03%
X	C	0.03%
JBL	B	0.03%
AVB	B	0.03%
MATX	C	0.03%
BLD	D	0.03%
DDS	B	0.03%
GMS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
AVA	A	0.03%
GGG	B	0.03%
BKU	A	0.03%
MC	C	0.03%
DOX	D	0.03%
RLI	B	0.03%
KBH	D	0.03%
FE	C	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
HBAN	A	0.03%
TPX	B	0.03%
CPAY	A	0.03%
SM	B	0.03%
HUBB	B	0.03%
MANH	D	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	B	0.03%
ULTA	F	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	F	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	C	0.02%
SSNC	B	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	D	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	A	0.02%
WBS	A	0.02%
RF	A	0.02%
BEN	C	0.02%
PHIN	A	0.02%
JBLU	F	0.02%
NSP	D	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
ODFL	B	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	0.02%
HST	C	0.02%
AA	B	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	A	0.02%
M	D	0.02%
HNI	B	0.02%
PMT	D	0.02%
HRL	D	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	D	0.02%
PNR	A	0.02%
LNW	D	0.02%
REZI	A	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
SKX	D	0.02%
PFSI	D	0.02%
NWL	B	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	C	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
XHR	B	0.02%
CTLT	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
MKTX	D	0.02%
SBH	C	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
PAG	B	0.02%
NI	A	0.02%
HII	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
CE	F	0.02%
EWBC	A	0.02%
HOG	D	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	D	0.02%
FAF	A	0.02%
JBHT	C	0.02%
GHC	C	0.02%
TFX	F	0.02%
AKAM	D	0.02%
MSA	D	0.02%
ORA	B	0.02%
DLTR	F	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
CCL	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%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CACC	D	0.01%
ARI	C	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
ACI	C	0.01%
SEB	F	0.01%
WGO	C	0.01%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	C	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	B	0.01%
OUT	A	0.01%
AMED	F	0.01%
PNW	B	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SIGI	C	0.01%
ARCH	B	0.01%
SPB	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	D	0.01%
AES	F	0.01%
FDP	B	0.01%
WMK	C	0.01%
DAN	D	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
INCY	C	0.01%
PPC	C	0.01%
BBWI	D	0.01%
TPR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
LADR	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
TTEK	F	0.01%
CBSH	A	0.01%
ICUI	D	0.01%
WWD	B	0.01%
MUR	D	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
H	B	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	C	0.01%
VNT	B	0.01%
CR	A	0.01%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SCS	C	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	A	0.01%
DEI	B	0.01%
RBC	A	0.01%
HE	C	0.01%
VSH	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 43 Positions Relative to HAPI

Symbol	Grade	Weight
MSFT	F	-4.3%
GOOGL	C	-3.2%
GOOG	C	-2.81%
XLC	A	-1.59%
HON	B	-0.95%
CRM	B	-0.94%
MELI	D	-0.76%
AMD	F	-0.67%
DE	A	-0.67%
FCX	D	-0.61%
INTU	C	-0.57%
PLD	D	-0.56%
ABNB	C	-0.49%
GEV	B	-0.48%
EQIX	A	-0.46%
LULU	C	-0.31%
OXY	D	-0.27%
EXPE	B	-0.26%
MRVL	B	-0.24%
SNPS	B	-0.24%
CDNS	B	-0.24%
DAL	C	-0.23%
CRWD	B	-0.21%
EW	C	-0.21%
ACGL	D	-0.19%
SPOT	B	-0.17%
AEE	A	-0.16%
WDAY	B	-0.16%
TTD	B	-0.15%
TEAM	A	-0.13%
CBOE	B	-0.12%
HUBS	A	-0.1%
LUV	C	-0.1%
ROK	B	-0.09%
BG	F	-0.08%
MOH	F	-0.08%
RBLX	C	-0.07%
DOC	D	-0.07%
TRMB	B	-0.05%
MDB	C	-0.05%
J	F	-0.05%
EPAM	C	-0.04%
BSY	D	-0.03%