MFUS vs. HDUS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Hartford Disciplined US Equity ETF (HDUS)

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

HDUS

Hartford Disciplined US Equity ETF

HDUS Description

Hartford Disciplined US Equity ETF is an exchange traded fund launched and managed by Lattice Strategies LLC. It is co-managed by Mellon Investments Corporation. It invests in public equity markets of the United States. The fund invests in the stocks of companies operating across diversified sectors. The fund invests in value and momentum stocks of large-cap companies. The fund seeks to track the performance of the Hartford Disciplined US Equity Index, by using full replication technique. Hartford Disciplined US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$58.11

Average Daily Volume

3,372

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	HDUS
30 Days	2.73%	3.75%
60 Days	3.41%	5.23%
90 Days	5.38%	7.06%
12 Months	32.49%	31.94%

208 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in HDUS	Overlap
	AAPL	C	0.96%	5.07%	0.96%
	ABBV	D	1.36%	1.03%	1.03%
	ACI	C	0.01%	0.16%	0.01%
	ACN	C	0.25%	0.4%	0.25%
	ADBE	C	0.04%	0.14%	0.04%
	ADC	B	0.01%	0.34%	0.01%
	AFL	B	0.21%	0.28%	0.21%
	AGNC	D	0.04%	0.33%	0.04%
	ALSN	B	0.11%	0.6%	0.11%
	AMAT	F	0.55%	0.39%	0.39%
	AMGN	D	0.94%	0.2%	0.2%
	AMZN	C	1.71%	3.51%	1.71%
	APH	A	0.12%	0.46%	0.12%
	APP	B	0.11%	0.21%	0.11%
	AVB	B	0.03%	0.14%	0.03%
	AVGO	D	1.59%	1.31%	1.31%
	AXP	A	0.23%	0.19%	0.19%
	AYI	B	0.1%	0.04%	0.04%
	BAC	A	0.45%	0.07%	0.07%
	BAH	F	0.15%	0.37%	0.15%
	BBY	D	0.21%	0.06%	0.06%
	BJ	A	0.03%	0.17%	0.03%
	BK	A	0.18%	0.61%	0.18%
	BKNG	A	0.42%	0.48%	0.42%
	BLK	C	0.19%	0.13%	0.13%
	BMY	B	0.41%	0.72%	0.41%
	BR	A	0.17%	0.12%	0.12%
	BRK.A	B	2.42%	0.46%	0.46%
	BSX	B	0.2%	0.32%	0.2%
	C	A	0.69%	0.09%	0.09%
	CACI	D	0.09%	0.04%	0.04%
	CAT	B	0.2%	0.23%	0.2%
	CB	C	0.16%	0.44%	0.16%
	CBT	C	0.05%	0.13%	0.05%
	CHRW	C	0.14%	0.3%	0.14%
	CINF	A	0.02%	0.01%	0.01%
	CL	D	0.35%	0.64%	0.35%
	CMG	B	0.2%	0.09%	0.09%
	CMI	A	0.14%	0.88%	0.14%
	COIN	C	0.1%	0.05%	0.05%
	COKE	C	0.03%	0.11%	0.03%
	COP	C	0.07%	0.3%	0.07%
	COST	B	1.35%	0.63%	0.63%
	CPB	D	0.04%	0.07%	0.04%
	CRBG	B	0.04%	0.28%	0.04%
	CROX	D	0.01%	0.08%	0.01%
	CRUS	D	0.04%	0.02%	0.02%
	CSCO	B	0.68%	0.31%	0.31%
	CSL	C	0.02%	0.03%	0.02%
	CTAS	B	0.19%	0.62%	0.19%
	CUBE	D	0.04%	0.08%	0.04%
	CVX	A	0.39%	0.92%	0.39%
	DASH	A	0.11%	0.09%	0.09%
	DCI	B	0.04%	0.34%	0.04%
	DELL	C	0.03%	0.02%	0.02%
	DGX	A	0.09%	0.29%	0.09%
	DHR	F	0.24%	0.08%	0.08%
	DKS	C	0.08%	0.12%	0.08%
	DRI	B	0.03%	0.11%	0.03%
	DTE	C	0.02%	0.07%	0.02%
	DTM	B	0.01%	0.04%	0.01%
	DUK	C	0.13%	0.12%	0.12%
	DY	D	0.01%	0.14%	0.01%
	EA	A	0.18%	0.48%	0.18%
	EBAY	D	0.36%	0.26%	0.26%
	ECL	D	0.08%	0.11%	0.08%
	EIX	B	0.05%	0.14%	0.05%
	EME	C	0.04%	0.57%	0.04%
	EQR	B	0.04%	0.08%	0.04%
	ESI	A	0.01%	0.1%	0.01%
	ESS	B	0.04%	0.23%	0.04%
	EVR	B	0.13%	0.03%	0.03%
	FANG	D	0.05%	0.22%	0.05%
	FICO	B	0.25%	0.33%	0.25%
	FLEX	A	0.05%	0.16%	0.05%
	FLO	D	0.04%	0.05%	0.04%
	FNF	B	0.03%	0.04%	0.03%
	FOXA	B	0.11%	0.26%	0.11%
	FR	C	0.01%	0.02%	0.01%
	GD	F	0.24%	0.15%	0.15%
	GDDY	A	0.12%	0.47%	0.12%
	GE	D	0.56%	0.15%	0.15%
	GEHC	F	0.07%	0.13%	0.07%
	GILD	C	0.87%	0.5%	0.5%
	GLPI	C	0.07%	0.48%	0.07%
	GLW	B	0.2%	0.13%	0.13%
	GM	B	0.4%	0.02%	0.02%
	GNTX	C	0.05%	0.1%	0.05%
	GS	A	0.41%	0.11%	0.11%
	GWRE	A	0.02%	0.21%	0.02%
	HCA	F	0.25%	0.09%	0.09%
	HD	A	0.62%	0.46%	0.46%
	HPQ	B	0.28%	0.13%	0.13%
	HRB	D	0.08%	0.38%	0.08%
	HSY	F	0.05%	0.23%	0.05%
	IBKR	A	0.06%	0.03%	0.03%
	IBM	C	1.05%	0.71%	0.71%
	INGR	B	0.07%	0.3%	0.07%
	IRM	D	0.12%	0.43%	0.12%
	ISRG	A	0.29%	0.02%	0.02%
	IT	C	0.15%	0.07%	0.07%
	JBHT	C	0.02%	0.02%	0.02%
	JHG	A	0.04%	0.7%	0.04%
	JKHY	D	0.1%	0.03%	0.03%
	JNJ	D	1.18%	1.49%	1.18%
	JNPR	F	0.13%	0.04%	0.04%
	JPM	A	0.99%	0.92%	0.92%
	KKR	A	0.15%	0.06%	0.06%
	KLAC	D	0.23%	0.29%	0.23%
	KMB	D	0.16%	0.23%	0.16%
	KMI	A	0.11%	0.32%	0.11%
	KO	D	1.0%	0.44%	0.44%
	LAMR	D	0.05%	0.76%	0.05%
	LII	A	0.21%	0.09%	0.09%
	LLY	F	2.39%	0.93%	0.93%
	LMT	D	0.75%	0.32%	0.32%
	LOW	D	0.35%	0.19%	0.19%
	LRCX	F	0.17%	0.16%	0.16%
	MANH	D	0.03%	0.21%	0.03%
	MCD	D	0.53%	0.29%	0.29%
	MCK	B	0.63%	0.38%	0.38%
	MCO	B	0.15%	0.41%	0.15%
	META	D	2.35%	1.88%	1.88%
	MLI	C	0.09%	0.39%	0.09%
	MMC	B	0.2%	0.18%	0.18%
	MMM	D	0.6%	0.16%	0.16%
	MO	A	0.73%	1.11%	0.73%
	MORN	B	0.03%	0.03%	0.03%
	MPC	D	0.34%	0.18%	0.18%
	MPWR	F	0.06%	0.11%	0.06%
	MRK	F	0.84%	0.26%	0.26%
	MS	A	0.22%	0.41%	0.22%
	MSCI	C	0.07%	0.04%	0.04%
	MSI	B	0.2%	0.16%	0.16%
	MTG	C	0.02%	0.09%	0.02%
	MUSA	A	0.16%	0.38%	0.16%
	NDAQ	A	0.05%	0.18%	0.05%
	NEE	D	0.22%	0.22%	0.22%
	NFLX	A	0.52%	0.6%	0.52%
	NNN	D	0.01%	0.22%	0.01%
	NOW	A	0.36%	0.18%	0.18%
	NRG	B	0.07%	0.1%	0.07%
	NTAP	C	0.1%	0.58%	0.1%
	NVDA	C	1.9%	6.03%	1.9%
	NWSA	B	0.04%	0.2%	0.04%
	NYT	C	0.03%	0.23%	0.03%
	OC	A	0.02%	0.11%	0.02%
	ODFL	B	0.02%	0.05%	0.02%
	OGN	D	0.04%	0.01%	0.01%
	OHI	C	0.02%	0.31%	0.02%
	OMC	C	0.06%	0.28%	0.06%
	ORCL	B	1.52%	0.69%	0.69%
	OTIS	C	0.07%	0.06%	0.06%
	PANW	C	0.25%	0.16%	0.16%
	PAYX	C	0.04%	0.05%	0.04%
	PEG	A	0.06%	0.38%	0.06%
	PEP	F	0.74%	1.18%	0.74%
	PFE	D	0.57%	0.19%	0.19%
	PGR	A	0.59%	0.32%	0.32%
	PKG	A	0.1%	0.2%	0.1%
	PLTR	B	0.23%	0.26%	0.23%
	PNC	B	0.12%	0.12%	0.12%
	PRU	A	0.23%	0.22%	0.22%
	PYPL	B	0.12%	0.02%	0.02%
	QCOM	F	0.77%	0.49%	0.49%
	R	B	0.07%	0.43%	0.07%
	RDN	C	0.01%	0.36%	0.01%
	REGN	F	0.36%	0.03%	0.03%
	RHI	B	0.02%	0.51%	0.02%
	RL	B	0.03%	0.34%	0.03%
	RMD	C	0.16%	0.27%	0.16%
	RPM	A	0.13%	0.45%	0.13%
	RTX	C	0.22%	0.32%	0.22%
	RYN	D	0.02%	0.01%	0.01%
	SBUX	A	0.09%	0.07%	0.07%
	SHW	A	0.22%	0.46%	0.22%
	SO	D	0.13%	0.2%	0.13%
	SPG	B	0.16%	0.33%	0.16%
	SPGI	C	0.29%	0.27%	0.27%
	T	A	0.73%	0.53%	0.53%
	TER	D	0.03%	0.08%	0.03%
	TFC	A	0.09%	0.05%	0.05%
	TGT	F	0.74%	0.04%	0.04%
	TJX	A	0.37%	0.07%	0.07%
	TMO	F	0.28%	0.16%	0.16%
	TMUS	B	0.43%	0.25%	0.25%
	TPR	B	0.01%	0.03%	0.01%
	TRGP	B	0.11%	0.13%	0.11%
	TROW	B	0.09%	0.53%	0.09%
	TRV	B	0.2%	0.28%	0.2%
	TSCO	D	0.11%	0.17%	0.11%
	TXN	C	0.29%	1.13%	0.29%
	TXRH	C	0.06%	0.49%	0.06%
	UBER	D	0.21%	0.29%	0.21%
	UNH	C	0.79%	0.79%	0.79%
	VLO	C	0.16%	0.21%	0.16%
	VRSK	A	0.16%	0.26%	0.16%
	VRTX	F	0.22%	0.36%	0.22%
	VZ	C	1.0%	1.2%	1.0%
	WFC	A	0.97%	0.27%	0.27%
	WMB	A	0.1%	0.21%	0.1%
	WMT	A	1.71%	0.69%	0.69%
	WSM	B	0.18%	0.09%	0.09%
	WST	C	0.05%	0.35%	0.05%
	WTW	B	0.11%	0.09%	0.09%
	XOM	B	0.43%	1.05%	0.43%
	YUM	B	0.13%	0.55%	0.13%
	ZTS	D	0.05%	0.14%	0.05%

MFUS Overweight 607 Positions Relative to HDUS

	Symbol	Grade	Weight
	PG	A	1.01%
	PM	B	0.87%
	CVS	D	0.65%
	UNP	C	0.51%
	KR	B	0.38%
	NOC	D	0.35%
	AIG	B	0.34%
	MET	A	0.32%
	V	A	0.31%
	SYF	B	0.31%
	CHTR	C	0.3%
	ICE	C	0.29%
	COF	B	0.29%
	THC	D	0.28%
	WM	A	0.28%
	MA	C	0.28%
	AZO	C	0.28%
	CAH	B	0.27%
	LHX	C	0.26%
	ALL	A	0.26%
	SFM	A	0.25%
	ANF	C	0.25%
	UPS	C	0.24%
	AON	A	0.24%
	MDLZ	F	0.23%
	PSX	C	0.23%
	VST	B	0.23%
	ADM	D	0.22%
	GWW	B	0.21%
	INTC	D	0.2%
	ORLY	B	0.2%
	FI	A	0.19%
	UTHR	C	0.19%
	TSN	B	0.18%
	AMP	A	0.18%
	DECK	A	0.17%
	HWM	A	0.17%
	COR	B	0.17%
	WSO	A	0.17%
	GIS	D	0.17%
	ELV	F	0.16%
	NEM	D	0.16%
	MU	D	0.16%
	AJG	B	0.16%
	F	C	0.16%
	DVA	B	0.16%
	CMCSA	B	0.16%
	CASY	A	0.16%
	TDG	D	0.15%
	KHC	F	0.15%
	K	A	0.15%
	LYB	F	0.15%
	CME	A	0.14%
	ANET	C	0.14%
	VTRS	A	0.14%
	PH	A	0.14%
	BX	A	0.13%
	DPZ	C	0.13%
	FAST	B	0.13%
	RSG	A	0.13%
	AMT	D	0.13%
	CI	F	0.13%
	WELL	A	0.12%
	WBA	F	0.12%
	BRO	B	0.12%
	PWR	A	0.12%
	SYY	B	0.12%
	CLX	B	0.12%
	CW	B	0.11%
	GEN	B	0.11%
	CEG	D	0.11%
	EXPD	D	0.11%
	USB	A	0.11%
	CRS	A	0.11%
	HPE	B	0.11%
	EFX	F	0.11%
	EXR	D	0.11%
	BWXT	B	0.11%
	CSX	B	0.11%
	LDOS	C	0.11%
	ADP	B	0.11%
	BDX	F	0.11%
	PHM	D	0.1%
	OKE	A	0.1%
	HLT	A	0.1%
	JXN	C	0.1%
	DD	D	0.1%
	ITW	B	0.1%
	RCL	A	0.1%
	DFS	B	0.1%
	XYL	D	0.1%
	SEIC	B	0.09%
	AIZ	A	0.09%
	CPRT	A	0.09%
	TAP	C	0.09%
	EMR	A	0.09%
	IEX	B	0.09%
	DG	F	0.09%
	ARES	A	0.09%
	WCC	B	0.09%
	CALM	A	0.09%
	LSTR	D	0.09%
	IR	B	0.09%
	DLR	B	0.09%
	ADSK	A	0.09%
	IP	B	0.09%
	EHC	B	0.09%
	TMHC	B	0.09%
	NVR	D	0.09%
	URI	B	0.09%
	AVY	D	0.09%
	GPI	A	0.09%
	PSA	D	0.09%
	BKR	B	0.08%
	AEP	D	0.08%
	LPX	B	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%
	TYL	B	0.08%
	MTD	D	0.08%
	HLI	B	0.08%
	ITT	A	0.08%
	EQH	B	0.08%
	BIIB	F	0.07%
	ROL	B	0.07%
	EXC	C	0.07%
	SCI	B	0.07%
	LPLA	A	0.07%
	UFPI	B	0.07%
	JCI	C	0.07%
	EXP	A	0.07%
	CHD	B	0.07%
	CCI	D	0.07%
	BCC	B	0.07%
	POOL	C	0.07%
	NSC	B	0.07%
	D	C	0.07%
	MLM	B	0.07%
	SKYW	B	0.07%
	GEO	B	0.07%
	CNX	A	0.07%
	VNO	B	0.07%
	THO	B	0.07%
	FTNT	C	0.07%
	BALL	D	0.07%
	KDP	D	0.07%
	AEO	F	0.07%
	STE	F	0.07%
	TTWO	A	0.07%
	MNST	C	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%
	TW	A	0.06%
	GAP	C	0.06%
	SEE	C	0.06%
	ATGE	B	0.06%
	TPH	D	0.06%
	BFH	B	0.06%
	LECO	B	0.06%
	JLL	D	0.06%
	NKE	D	0.06%
	HIG	B	0.06%
	GNRC	B	0.06%
	CPT	B	0.06%
	BERY	B	0.06%
	KTB	B	0.06%
	CHE	D	0.06%
	CCK	C	0.06%
	SLM	A	0.06%
	UHS	D	0.06%
	CMC	B	0.06%
	FCNCA	A	0.06%
	MTH	D	0.06%
	FIX	A	0.06%
	LUMN	C	0.06%
	MAS	D	0.06%
	WU	D	0.06%
	SQ	B	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%
	ROP	B	0.06%
	TOL	B	0.06%
	ALNY	D	0.06%
	LEN	D	0.06%
	TDS	B	0.05%
	NFG	A	0.05%
	CNO	A	0.05%
	PRIM	A	0.05%
	THG	A	0.05%
	AR	B	0.05%
	ETR	B	0.05%
	NSIT	F	0.05%
	LOPE	B	0.05%
	URBN	C	0.05%
	MOG.A	B	0.05%
	SUI	D	0.05%
	TGNA	B	0.05%
	A	D	0.05%
	MTN	C	0.05%
	CBRE	B	0.05%
	EXEL	B	0.05%
	CARR	D	0.05%
	CRI	D	0.05%
	USFD	A	0.05%
	SLGN	A	0.05%
	POST	C	0.05%
	COOP	B	0.05%
	SCHW	B	0.05%
	TEX	D	0.05%
	KD	B	0.05%
	IDXX	F	0.05%
	GVA	A	0.05%
	NXST	C	0.05%
	ANSS	B	0.05%
	HBI	B	0.05%
	ALLY	C	0.05%
	WEN	D	0.05%
	FCN	D	0.05%
	WAB	B	0.05%
	MMS	F	0.05%
	WAT	B	0.05%
	SMCI	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%
	XPO	B	0.04%
	LANC	C	0.04%
	TKR	D	0.04%
	PPL	B	0.04%
	AWI	A	0.04%
	SEM	B	0.04%
	AMH	D	0.04%
	CXW	B	0.04%
	INVH	D	0.04%
	SMG	D	0.04%
	JWN	C	0.04%
	CTVA	C	0.04%
	PSTG	D	0.04%
	BDC	B	0.04%
	SLVM	B	0.04%
	CLH	B	0.04%
	WH	B	0.04%
	ELS	C	0.04%
	FL	F	0.04%
	MTB	A	0.04%
	ULTA	F	0.04%
	EMN	D	0.04%
	OLN	D	0.04%
	CFG	B	0.04%
	ARW	D	0.04%
	CAG	D	0.04%
	CPNG	D	0.04%
	RUSHA	C	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	VTR	C	0.04%
	BLDR	D	0.04%
	RGLD	C	0.04%
	CVLT	B	0.04%
	FDS	B	0.04%
	NBIX	C	0.04%
	VRSN	F	0.04%
	BAX	D	0.04%
	SJM	D	0.04%
	WTM	A	0.04%
	PTC	A	0.04%
	BHF	B	0.04%
	ATI	D	0.04%
	IPG	D	0.04%
	STLD	B	0.04%
	MAC	B	0.04%
	GBX	A	0.04%
	HUBG	A	0.04%
	HEI	B	0.04%
	FTI	A	0.04%
	VLTO	D	0.04%
	SIG	B	0.04%
	MHO	D	0.04%
	CNC	D	0.04%
	ZBRA	B	0.04%
	GATX	A	0.04%
	FITB	A	0.04%
	HOOD	B	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%
	WERN	C	0.04%
	DOV	A	0.04%
	MAR	B	0.04%
	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%
	VC	D	0.03%
	MAN	D	0.03%
	DK	C	0.03%
	JEF	A	0.03%
	AMKR	D	0.03%
	COLD	D	0.03%
	LBRDK	C	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%
	BURL	A	0.03%
	X	C	0.03%
	NTRS	A	0.03%
	UDR	B	0.03%
	PLXS	B	0.03%
	CDW	F	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%
	JBL	B	0.03%
	AVA	A	0.03%
	DBRG	F	0.03%
	CMS	C	0.03%
	LW	C	0.03%
	HSIC	B	0.03%
	HOLX	D	0.03%
	COHR	B	0.03%
	FE	C	0.03%
	GMS	B	0.03%
	BKU	A	0.03%
	CDP	C	0.03%
	RLI	B	0.03%
	BLD	D	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%
	CPAY	A	0.03%
	MC	C	0.03%
	MATX	C	0.03%
	MASI	A	0.03%
	ES	D	0.03%
	TPX	B	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%
	BRKR	D	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%
	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%
	WMS	D	0.02%
	LNW	D	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%
	KBR	F	0.02%
	JBLU	F	0.02%
	PFSI	D	0.02%
	VVV	F	0.02%
	THS	D	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	DLB	B	0.02%
	NWL	B	0.02%
	MDU	D	0.02%
	SXT	B	0.02%
	RLJ	C	0.02%
	YELP	C	0.02%
	DORM	B	0.02%
	APOG	B	0.02%
	SAM	C	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%
	EWBC	A	0.02%
	NTCT	C	0.02%
	VSCO	B	0.02%
	MCY	A	0.02%
	AIR	B	0.02%
	HOG	D	0.02%
	CE	F	0.02%
	FAF	A	0.02%
	SBH	C	0.02%
	PAG	B	0.02%
	HII	D	0.02%
	BFAM	D	0.02%
	VSTO	A	0.02%
	KSS	F	0.02%
	PVH	C	0.02%
	CCL	B	0.02%
	AKAM	D	0.02%
	ADNT	F	0.02%
	ORA	B	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%
	UHAL	D	0.01%
	JELD	F	0.01%
	DINO	D	0.01%
	SCL	C	0.01%
	MLKN	D	0.01%
	IGT	F	0.01%
	CACC	D	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%
	SPR	D	0.01%
	CLF	F	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%
	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%
	CENTA	C	0.01%
	CVI	F	0.01%
	MOS	F	0.01%
	ARCH	B	0.01%
	PECO	A	0.01%
	PB	A	0.01%
	CNM	D	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%
	SPB	C	0.01%
	PPC	C	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%
	DXC	B	0.01%
	IDCC	A	0.01%
	LADR	B	0.01%
	INCY	C	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%
	TTEK	F	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%
	ALGN	D	0.01%
	H	B	0.01%
	SATS	D	0.01%
	RBC	A	0.01%
	UHAL	D	0.01%
	BWA	D	0.01%
	SLB	C	0.01%
	GOLF	B	0.01%
	DEI	B	0.01%
	AMWD	C	0.01%
	PTEN	C	0.01%
	SCS	C	0.01%
	VNT	B	0.01%
	TDC	D	0.01%
	SCCO	F	0.0%
	NOMD	D	0.0%
	WOLF	F	0.0%
	HUN	F	0.0%

MFUS Underweight 55 Positions Relative to HDUS

	Symbol	Grade	Weight
	MSFT	F	-5.41%
	GOOGL	C	-3.92%
	TSLA	B	-1.36%
	KNF	A	-0.67%
	CBOE	B	-0.64%
	KVUE	A	-0.63%
	CTSH	B	-0.54%
	DBX	B	-0.54%
	ABT	B	-0.51%
	STWD	C	-0.47%
	EOG	A	-0.43%
	AXS	A	-0.4%
	NXPI	D	-0.37%
	CRM	B	-0.36%
	STAG	F	-0.33%
	BG	F	-0.26%
	INTU	C	-0.26%
	FDX	B	-0.25%
	FSS	B	-0.25%
	ETN	A	-0.24%
	CHRD	D	-0.23%
	ALV	C	-0.22%
	MDT	D	-0.22%
	ABNB	C	-0.21%
	ALTR	B	-0.21%
	CRWD	B	-0.2%
	ORI	A	-0.2%
	LNG	B	-0.19%
	HUBS	A	-0.17%
	CDNS	B	-0.16%
	STT	A	-0.15%
	TT	A	-0.14%
	CSWI	A	-0.14%
	DDOG	A	-0.13%
	VRNS	D	-0.1%
	GPC	D	-0.09%
	SYK	C	-0.08%
	HLNE	B	-0.07%
	AMD	F	-0.07%
	NTNX	A	-0.07%
	SNA	A	-0.06%
	SNPS	B	-0.05%
	ESTC	C	-0.05%
	CHH	A	-0.05%
	SWKS	F	-0.05%
	INSP	D	-0.04%
	RBLX	C	-0.04%
	ZS	C	-0.04%
	SMAR	A	-0.03%
	NET	B	-0.02%
	OGE	B	-0.02%
	SNOW	C	-0.01%
	TMDX	F	-0.01%
	LKQ	D	-0.01%
	EGP	F	-0.01%

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

HDUS: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Specialty Retail Asset Management Business Services Drug Manufacturers - Major Capital Markets Medical Devices Restaurants Utilities - Regulated Electric Diversified Industrials Information Technology Services Insurance - Property & Casualty Oil & Gas Midstream Specialty Chemicals Auto Parts Banks - Global Oil & Gas E&P REIT - Industrial

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Electronics Mobile Devices Natural Gas Medicine Real Estate Investment Trust Work From Home Cloud Computing Semiconductor Integrated Circuits Investment Bank Aerospace Bank Banking Mining Pharmaceutical Products