MFUS vs. IUSG ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares Core U.S. Growth ETF (IUSG)

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

$50.35

Average Daily Volume

7,922

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$131.69

Average Daily Volume

372,663

Number of Holdings ^*

485

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IUSG
30 Days	3.55%	6.38%
60 Days	10.60%	12.97%
90 Days	6.54%	0.12%
12 Months	36.03%	40.14%

301 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IUSG	Overlap
AAPL	C	0.97%	11.95%	0.97%
ABBV	C	1.56%	0.45%	0.45%
ACM	A	0.03%	0.02%	0.02%
ACN	B	0.23%	0.41%	0.23%
ADBE	F	0.04%	0.77%	0.04%
ADP	A	0.1%	0.15%	0.1%
ADSK	B	0.08%	0.1%	0.08%
AJG	C	0.14%	0.11%	0.11%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.03%	0.02%
AMAT	C	0.59%	0.57%	0.57%
AMED	D	0.01%	0.0%	0.0%
AMH	D	0.04%	0.02%	0.02%
AMP	A	0.12%	0.09%	0.09%
AMT	D	0.16%	0.15%	0.15%
AMZN	C	1.6%	6.01%	1.6%
ANET	A	0.14%	0.34%	0.14%
ANF	D	0.24%	0.02%	0.02%
ANSS	D	0.05%	0.05%	0.05%
AON	A	0.23%	0.13%	0.13%
AOS	C	0.1%	0.02%	0.02%
APH	D	0.11%	0.15%	0.11%
ATR	A	0.08%	0.02%	0.02%
AVGO	B	1.68%	2.71%	1.68%
AVTR	D	0.04%	0.03%	0.03%
AXP	A	0.21%	0.37%	0.21%
AXTA	C	0.02%	0.03%	0.02%
AYI	A	0.08%	0.02%	0.02%
AZO	D	0.29%	0.13%	0.13%
BC	C	0.06%	0.01%	0.01%
BKNG	B	0.36%	0.48%	0.36%
BLD	D	0.04%	0.04%	0.04%
BLDR	C	0.04%	0.08%	0.04%
BMRN	F	0.01%	0.03%	0.01%
BR	B	0.16%	0.05%	0.05%
BRKR	D	0.02%	0.02%	0.02%
BRO	A	0.11%	0.07%	0.07%
BSX	A	0.2%	0.24%	0.2%
BURL	C	0.03%	0.03%	0.03%
BWXT	A	0.09%	0.04%	0.04%
BX	C	0.11%	0.27%	0.11%
CACI	A	0.09%	0.01%	0.01%
CARR	A	0.05%	0.11%	0.05%
CASY	D	0.15%	0.05%	0.05%
CAT	A	0.2%	0.38%	0.2%
CBSH	D	0.01%	0.01%	0.01%
CBT	B	0.05%	0.01%	0.01%
CCK	C	0.06%	0.02%	0.02%
CCL	C	0.02%	0.04%	0.02%
CDW	D	0.04%	0.04%	0.04%
CE	D	0.04%	0.05%	0.04%
CEG	A	0.13%	0.13%	0.13%
CFR	B	0.01%	0.01%	0.01%
CG	B	0.02%	0.01%	0.01%
CHD	D	0.07%	0.04%	0.04%
CHE	D	0.06%	0.02%	0.02%
CHTR	D	0.25%	0.05%	0.05%
CL	D	0.41%	0.11%	0.11%
CLH	B	0.04%	0.04%	0.04%
CME	A	0.14%	0.1%	0.1%
CMG	C	0.2%	0.27%	0.2%
CNM	F	0.01%	0.02%	0.01%
CNX	A	0.06%	0.02%	0.02%
COKE	C	0.03%	0.03%	0.03%
COP	D	0.07%	0.3%	0.07%
COST	C	1.36%	0.57%	0.57%
CPAY	A	0.03%	0.08%	0.03%
CPRI	C	0.01%	0.01%	0.01%
CPRT	B	0.08%	0.16%	0.08%
CR	A	0.01%	0.03%	0.01%
CROX	C	0.02%	0.03%	0.02%
CRUS	D	0.04%	0.01%	0.01%
CSL	A	0.02%	0.07%	0.02%
CSX	D	0.11%	0.12%	0.11%
CTAS	C	0.19%	0.13%	0.13%
CUBE	C	0.05%	0.02%	0.02%
CVLT	B	0.04%	0.01%	0.01%
CW	A	0.1%	0.03%	0.03%
DCI	B	0.04%	0.02%	0.02%
DECK	B	0.15%	0.08%	0.08%
DELL	C	0.03%	0.06%	0.03%
DFS	A	0.08%	0.06%	0.06%
DHI	C	0.07%	0.2%	0.07%
DKS	D	0.09%	0.02%	0.02%
DLB	D	0.02%	0.01%	0.01%
DLR	C	0.08%	0.07%	0.07%
DPZ	D	0.13%	0.02%	0.02%
DRI	C	0.03%	0.04%	0.03%
DTM	A	0.01%	0.02%	0.01%
DVA	C	0.17%	0.01%	0.01%
EA	D	0.16%	0.05%	0.05%
ECL	C	0.08%	0.11%	0.08%
EFX	D	0.13%	0.05%	0.05%
EHC	C	0.09%	0.02%	0.02%
ELS	D	0.04%	0.03%	0.03%
EME	B	0.04%	0.07%	0.04%
EQH	B	0.08%	0.01%	0.01%
ERIE	A	0.06%	0.03%	0.03%
ESAB	C	0.01%	0.02%	0.01%
EVR	C	0.11%	0.02%	0.02%
EWBC	B	0.02%	0.02%	0.02%
EXEL	B	0.04%	0.03%	0.03%
EXP	C	0.06%	0.03%	0.03%
EXPD	D	0.09%	0.02%	0.02%
FANG	D	0.05%	0.12%	0.05%
FAST	C	0.11%	0.07%	0.07%
FCN	C	0.06%	0.03%	0.03%
FDS	C	0.04%	0.03%	0.03%
FICO	C	0.21%	0.16%	0.16%
FIX	A	0.05%	0.05%	0.05%
FR	D	0.02%	0.01%	0.01%
FTNT	A	0.06%	0.17%	0.06%
GATX	F	0.04%	0.01%	0.01%
GDDY	B	0.1%	0.08%	0.08%
GE	B	0.61%	0.3%	0.3%
GGG	C	0.03%	0.05%	0.03%
GLPI	C	0.07%	0.02%	0.02%
GNRC	B	0.05%	0.02%	0.02%
GNTX	D	0.05%	0.02%	0.02%
GWW	B	0.19%	0.12%	0.12%
H	B	0.01%	0.02%	0.01%
HAE	F	0.02%	0.01%	0.01%
HCA	C	0.3%	0.13%	0.13%
HD	A	0.6%	0.52%	0.52%
HLI	A	0.07%	0.03%	0.03%
HLT	A	0.09%	0.2%	0.09%
HRB	C	0.08%	0.03%	0.03%
HST	D	0.02%	0.03%	0.02%
HSY	D	0.06%	0.04%	0.04%
HUBB	A	0.03%	0.04%	0.03%
HWM	A	0.15%	0.08%	0.08%
HXL	F	0.03%	0.01%	0.01%
IBKR	A	0.05%	0.03%	0.03%
IDXX	D	0.06%	0.08%	0.06%
INGR	B	0.06%	0.01%	0.01%
IR	A	0.08%	0.11%	0.08%
IRM	B	0.12%	0.06%	0.06%
ISRG	C	0.23%	0.39%	0.23%
IT	A	0.14%	0.13%	0.13%
ITT	C	0.08%	0.04%	0.04%
ITW	C	0.1%	0.11%	0.1%
JBL	C	0.03%	0.03%	0.03%
KBH	D	0.04%	0.01%	0.01%
KBR	A	0.02%	0.01%	0.01%
KEX	C	0.02%	0.01%	0.01%
KKR	A	0.14%	0.3%	0.14%
KLAC	B	0.28%	0.35%	0.28%
KO	C	1.16%	0.38%	0.38%
LAMR	C	0.05%	0.02%	0.02%
LANC	F	0.04%	0.01%	0.01%
LECO	D	0.05%	0.04%	0.04%
LEN	C	0.07%	0.09%	0.07%
LII	C	0.22%	0.07%	0.07%
LLY	D	2.87%	2.42%	2.42%
LNW	F	0.02%	0.03%	0.02%
LOPE	D	0.04%	0.01%	0.01%
LPX	C	0.08%	0.02%	0.02%
LRCX	D	0.19%	0.36%	0.19%
LSTR	F	0.09%	0.02%	0.02%
LW	D	0.03%	0.02%	0.02%
MA	A	0.27%	1.02%	0.27%
MANH	A	0.04%	0.06%	0.04%
MAR	A	0.04%	0.2%	0.04%
MAS	C	0.06%	0.03%	0.03%
MASI	B	0.03%	0.01%	0.01%
MCD	A	0.55%	0.33%	0.33%
MCO	D	0.12%	0.12%	0.12%
MDLZ	D	0.26%	0.14%	0.14%
META	A	2.37%	4.37%	2.37%
MKSI	F	0.01%	0.01%	0.01%
MLM	F	0.07%	0.08%	0.07%
MMC	D	0.19%	0.2%	0.19%
MMS	C	0.06%	0.01%	0.01%
MNST	D	0.07%	0.08%	0.07%
MORN	B	0.03%	0.03%	0.03%
MPC	D	0.36%	0.11%	0.11%
MPWR	B	0.1%	0.15%	0.1%
MRK	F	1.0%	0.4%	0.4%
MRO	B	0.03%	0.03%	0.03%
MSA	F	0.03%	0.02%	0.02%
MSCI	B	0.06%	0.09%	0.06%
MSI	A	0.18%	0.15%	0.15%
MSM	D	0.06%	0.01%	0.01%
MTD	C	0.1%	0.04%	0.04%
MTG	A	0.03%	0.01%	0.01%
MTN	D	0.05%	0.01%	0.01%
MUR	F	0.01%	0.01%	0.01%
MUSA	D	0.15%	0.03%	0.03%
NBIX	F	0.04%	0.04%	0.04%
NEU	F	0.03%	0.01%	0.01%
NFLX	A	0.46%	1.05%	0.46%
NKE	D	0.07%	0.16%	0.07%
NNN	C	0.01%	0.01%	0.01%
NOW	B	0.31%	0.62%	0.31%
NSP	F	0.02%	0.01%	0.01%
NTAP	D	0.1%	0.03%	0.03%
NUE	D	0.08%	0.08%	0.08%
NVDA	B	1.64%	10.0%	1.64%
NVR	C	0.1%	0.11%	0.1%
NYT	C	0.04%	0.03%	0.03%
OC	C	0.02%	0.05%	0.02%
ODFL	F	0.02%	0.13%	0.02%
OHI	C	0.02%	0.01%	0.01%
OKE	A	0.09%	0.12%	0.09%
OLN	D	0.04%	0.01%	0.01%
ORCL	A	1.38%	0.93%	0.93%
ORLY	A	0.19%	0.17%	0.17%
OTIS	A	0.08%	0.06%	0.06%
PANW	B	0.22%	0.37%	0.22%
PAYX	B	0.04%	0.06%	0.04%
PEP	F	0.77%	0.29%	0.29%
PG	D	1.04%	0.55%	0.55%
PGR	B	0.6%	0.26%	0.26%
PH	A	0.13%	0.22%	0.13%
PHM	C	0.11%	0.1%	0.1%
PK	D	0.06%	0.01%	0.01%
PLTR	A	0.14%	0.26%	0.14%
PM	D	0.83%	0.24%	0.24%
PNR	C	0.02%	0.04%	0.02%
POOL	D	0.07%	0.03%	0.03%
PSA	C	0.1%	0.08%	0.08%
PSN	A	0.02%	0.01%	0.01%
PSTG	F	0.04%	0.05%	0.04%
PTC	B	0.04%	0.04%	0.04%
PWR	A	0.11%	0.1%	0.1%
QCOM	D	0.8%	0.33%	0.33%
RBC	C	0.01%	0.03%	0.01%
RCL	B	0.08%	0.14%	0.08%
REGN	D	0.49%	0.23%	0.23%
RGLD	C	0.04%	0.02%	0.02%
RL	B	0.03%	0.01%	0.01%
RLI	A	0.03%	0.01%	0.01%
ROL	C	0.07%	0.02%	0.02%
ROP	D	0.06%	0.09%	0.06%
RPM	A	0.12%	0.03%	0.03%
RRC	D	0.02%	0.03%	0.02%
RS	D	0.04%	0.06%	0.04%
RSG	D	0.13%	0.08%	0.08%
RYN	C	0.03%	0.01%	0.01%
SAIC	A	0.01%	0.01%	0.01%
SAM	D	0.02%	0.0%	0.0%
SBAC	C	0.03%	0.04%	0.03%
SBUX	B	0.09%	0.23%	0.09%
SCI	D	0.06%	0.02%	0.02%
SEIC	B	0.07%	0.01%	0.01%
SFM	A	0.2%	0.02%	0.02%
SHW	C	0.22%	0.15%	0.15%
SIGI	D	0.01%	0.01%	0.01%
SKX	B	0.02%	0.03%	0.02%
SLM	B	0.05%	0.01%	0.01%
SMCI	F	0.14%	0.07%	0.07%
SMG	C	0.04%	0.0%	0.0%
SPG	A	0.16%	0.07%	0.07%
SPGI	C	0.27%	0.25%	0.25%
STE	D	0.08%	0.05%	0.05%
STLD	C	0.04%	0.04%	0.04%
TDC	D	0.02%	0.01%	0.01%
TDG	A	0.17%	0.28%	0.17%
TEX	F	0.05%	0.01%	0.01%
TJX	D	0.38%	0.3%	0.3%
TKR	B	0.04%	0.01%	0.01%
TMO	D	0.33%	0.31%	0.31%
TOL	C	0.06%	0.06%	0.06%
TPX	C	0.03%	0.03%	0.03%
TRGP	A	0.09%	0.11%	0.09%
TSCO	A	0.12%	0.05%	0.05%
TTC	F	0.07%	0.02%	0.02%
TTEK	A	0.02%	0.04%	0.02%
TTWO	D	0.06%	0.04%	0.04%
TXN	C	0.3%	0.24%	0.24%
TXRH	A	0.06%	0.04%	0.04%
TYL	D	0.08%	0.09%	0.08%
UBER	C	0.23%	0.54%	0.23%
UFPI	C	0.07%	0.03%	0.03%
ULTA	D	0.04%	0.04%	0.04%
UNH	B	0.79%	0.71%	0.71%
UNP	F	0.54%	0.23%	0.23%
URI	C	0.09%	0.19%	0.09%
UTHR	C	0.18%	0.03%	0.03%
V	B	0.28%	1.06%	0.28%
VC	F	0.03%	0.0%	0.0%
VNT	F	0.01%	0.02%	0.01%
VRSK	D	0.17%	0.07%	0.07%
VRSN	C	0.04%	0.03%	0.03%
VRTX	D	0.22%	0.27%	0.22%
VST	A	0.21%	0.15%	0.15%
VVV	D	0.02%	0.02%	0.02%
WAL	C	0.02%	0.02%	0.02%
WAT	B	0.05%	0.03%	0.03%
WEN	B	0.05%	0.01%	0.01%
WH	C	0.03%	0.01%	0.01%
WM	B	0.26%	0.12%	0.12%
WMB	A	0.08%	0.08%	0.08%
WMS	D	0.02%	0.04%	0.02%
WSM	C	0.21%	0.07%	0.07%
WSO	C	0.2%	0.06%	0.06%
WST	D	0.04%	0.08%	0.04%
WWD	C	0.01%	0.04%	0.01%
XPO	F	0.03%	0.02%	0.02%
YUM	C	0.12%	0.06%	0.06%
ZTS	C	0.06%	0.17%	0.06%

MFUS Overweight 508 Positions Relative to IUSG

Symbol	Grade	Weight
BRK.A	B	2.37%
WMT	A	1.68%
JNJ	D	1.28%
IBM	A	1.14%
VZ	C	1.11%
AMGN	D	1.01%
JPM	C	0.88%
LMT	A	0.82%
GILD	A	0.79%
TGT	C	0.77%
T	B	0.74%
WFC	B	0.73%
CVS	D	0.71%
MO	D	0.66%
PFE	D	0.64%
C	B	0.63%
MMM	C	0.63%
CSCO	A	0.61%
MCK	F	0.5%
XOM	A	0.42%
BAC	B	0.39%
TMUS	A	0.38%
EBAY	A	0.38%
NOC	B	0.38%
KR	C	0.37%
CVX	B	0.36%
BMY	A	0.36%
GS	B	0.35%
LOW	C	0.34%
AIG	C	0.34%
MET	A	0.32%
GM	D	0.32%
ICE	A	0.3%
HPQ	B	0.29%
THC	D	0.29%
DHR	D	0.28%
ALL	A	0.26%
UPS	D	0.25%
ADM	F	0.25%
NEE	C	0.25%
SYF	A	0.24%
GD	C	0.24%
COF	A	0.24%
CAH	B	0.24%
PRU	B	0.23%
RTX	A	0.23%
BBY	C	0.23%
PSX	D	0.23%
LHX	A	0.23%
NEM	C	0.22%
AFL	A	0.22%
TRV	B	0.2%
ELV	F	0.2%
GIS	C	0.2%
INTC	D	0.19%
GLW	C	0.19%
LYB	B	0.18%
MS	A	0.18%
KMB	D	0.18%
CB	A	0.17%
RMD	C	0.17%
BK	A	0.17%
BLK	A	0.17%
CMCSA	B	0.16%
VLO	F	0.16%
KHC	F	0.16%
TSN	D	0.16%
CI	D	0.15%
F	D	0.15%
K	B	0.15%
BAH	C	0.15%
MU	D	0.15%
CHRW	C	0.14%
DUK	C	0.14%
CMI	A	0.13%
EXR	D	0.13%
SYY	D	0.13%
VTRS	D	0.13%
SO	A	0.13%
JNPR	C	0.13%
XYL	C	0.12%
BDX	C	0.12%
CLX	C	0.12%
PNC	C	0.11%
DD	C	0.11%
LDOS	A	0.11%
WBA	F	0.11%
PYPL	A	0.11%
WELL	C	0.11%
USB	C	0.1%
DG	F	0.1%
WTW	C	0.1%
FOXA	B	0.1%
CRS	B	0.1%
AVY	D	0.1%
HPE	B	0.1%
JKHY	A	0.1%
DGX	D	0.09%
AEO	C	0.09%
AEP	C	0.09%
GPI	C	0.09%
ALSN	A	0.09%
KMI	A	0.09%
TMHC	C	0.09%
JXN	A	0.09%
DASH	A	0.09%
SLG	C	0.08%
SRE	C	0.08%
BIIB	F	0.08%
TAP	D	0.08%
IP	C	0.08%
TFC	D	0.08%
CCI	D	0.08%
AIZ	B	0.08%
BALL	C	0.08%
GEHC	C	0.08%
IEX	D	0.08%
TROW	D	0.08%
WDC	C	0.08%
ARES	A	0.08%
GPK	D	0.08%
KDP	C	0.08%
NSC	C	0.07%
NSIT	B	0.07%
BKR	B	0.07%
R	C	0.07%
AN	D	0.07%
PKG	B	0.07%
MTH	C	0.07%
HCC	C	0.07%
VNO	B	0.07%
BCC	C	0.07%
MLI	B	0.07%
WU	D	0.07%
ALNY	C	0.07%
WCC	D	0.07%
FIS	A	0.07%
EXC	C	0.07%
THO	C	0.07%
EMR	B	0.07%
NRG	A	0.07%
D	A	0.07%
UHS	D	0.07%
CALM	A	0.07%
ABG	D	0.07%
CNC	F	0.06%
SEE	C	0.06%
FFIV	B	0.06%
STZ	D	0.06%
L	C	0.06%
COIN	F	0.06%
JLL	C	0.06%
HIG	A	0.06%
AMG	B	0.06%
TPH	C	0.06%
ED	C	0.06%
BERY	C	0.06%
JCI	C	0.06%
RGA	B	0.06%
PEG	A	0.06%
OMC	C	0.06%
CRI	D	0.06%
CPT	C	0.06%
MKC	C	0.06%
O	C	0.06%
ARW	C	0.05%
MHO	C	0.05%
NDSN	C	0.05%
NFG	A	0.05%
CBRE	C	0.05%
NDAQ	C	0.05%
URBN	F	0.05%
PPG	D	0.05%
CAG	D	0.05%
VLTO	A	0.05%
HBI	B	0.05%
SLGN	B	0.05%
USFD	C	0.05%
CPB	D	0.05%
COOP	B	0.05%
G	A	0.05%
SQ	D	0.05%
ATI	C	0.05%
SEB	F	0.05%
VIRT	B	0.05%
BAX	D	0.05%
LPLA	D	0.05%
WAB	A	0.05%
LUMN	C	0.05%
ATGE	D	0.05%
ALLY	F	0.05%
NXST	D	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
OGN	F	0.05%
APP	A	0.05%
A	B	0.05%
EIX	C	0.05%
GAP	F	0.05%
SKYW	B	0.05%
TW	A	0.05%
POST	C	0.05%
SUI	D	0.05%
CMC	D	0.05%
TDS	C	0.04%
DBRG	D	0.04%
UNM	A	0.04%
BHF	D	0.04%
AVT	B	0.04%
IFF	D	0.04%
PPL	C	0.04%
TER	C	0.04%
TRN	C	0.04%
BDC	A	0.04%
WTM	C	0.04%
JHG	A	0.04%
ES	D	0.04%
JWN	D	0.04%
NWSA	D	0.04%
ASO	D	0.04%
EQR	C	0.04%
CMA	C	0.04%
CTVA	A	0.04%
COLD	D	0.04%
SLVM	C	0.04%
SON	D	0.04%
HUBG	D	0.04%
MAC	B	0.04%
CPNG	C	0.04%
UHAL	C	0.04%
FITB	C	0.04%
FLEX	B	0.04%
INVH	D	0.04%
FLO	D	0.04%
AROC	B	0.04%
TGNA	B	0.04%
FTI	B	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SCHW	D	0.04%
VTR	C	0.04%
ABM	D	0.04%
CNO	B	0.04%
AGNC	B	0.04%
KD	D	0.04%
ETR	A	0.04%
FL	F	0.04%
EMN	C	0.04%
SRCL	B	0.04%
THG	A	0.04%
AR	C	0.04%
GVA	A	0.04%
SJM	D	0.04%
IPG	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
NTRS	B	0.03%
FHI	A	0.03%
PLXS	A	0.03%
KSS	D	0.03%
THS	D	0.03%
DRH	B	0.03%
LNC	B	0.03%
STC	D	0.03%
LZB	D	0.03%
UNF	A	0.03%
WHR	C	0.03%
ADNT	F	0.03%
HOG	D	0.03%
XRAY	D	0.03%
FNF	C	0.03%
DLTR	F	0.03%
HBAN	B	0.03%
DK	F	0.03%
BKU	D	0.03%
DDS	D	0.03%
OI	D	0.03%
GMS	B	0.03%
COHR	B	0.03%
APLE	B	0.03%
MATX	C	0.03%
UDR	C	0.03%
WPC	C	0.03%
HOOD	B	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	A	0.03%
BFAM	C	0.03%
MC	B	0.03%
HII	F	0.03%
MTB	A	0.03%
SM	D	0.03%
AWI	A	0.03%
AVB	C	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%
MDU	C	0.03%
CMS	A	0.03%
IVZ	A	0.03%
HOLX	D	0.03%
BJ	B	0.03%
HSIC	D	0.03%
AMKR	F	0.03%
CFG	C	0.03%
DOX	B	0.03%
SHOO	A	0.03%
RUSHA	D	0.03%
GEO	D	0.03%
PRIM	A	0.03%
SEM	D	0.03%
FE	C	0.03%
SANM	D	0.03%
GES	F	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
CWEN	C	0.02%
LAD	C	0.02%
KIM	C	0.02%
DNOW	F	0.02%
EVRG	C	0.02%
SSNC	C	0.02%
ATO	A	0.02%
APG	F	0.02%
BEN	F	0.02%
NWL	D	0.02%
VSCO	C	0.02%
HP	D	0.02%
VFC	A	0.02%
AES	C	0.02%
SATS	C	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
HNI	B	0.02%
SNDR	D	0.02%
APOG	B	0.02%
LEG	D	0.02%
VSH	F	0.02%
BXP	B	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
ZBRA	B	0.02%
ESS	D	0.02%
M	D	0.02%
NAVI	D	0.02%
DTE	B	0.02%
HRL	F	0.02%
GWRE	A	0.02%
MCY	B	0.02%
LNT	B	0.02%
DOV	C	0.02%
YELP	D	0.02%
PMT	B	0.02%
CC	D	0.02%
CINF	A	0.02%
EPC	F	0.02%
MAA	D	0.02%
AGCO	D	0.02%
NI	A	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
DOW	B	0.02%
RLJ	D	0.02%
GHC	A	0.02%
SXT	C	0.02%
MKTX	B	0.02%
XHR	A	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	D	0.02%
AIR	C	0.02%
SBH	B	0.02%
GMED	B	0.02%
CTLT	A	0.02%
KMPR	D	0.02%
GEF	B	0.02%
PFSI	C	0.02%
JBHT	D	0.02%
KEY	B	0.02%
PINC	F	0.02%
FAF	C	0.02%
PAG	D	0.02%
WRB	C	0.02%
ACA	C	0.02%
LBRDK	C	0.02%
JEF	A	0.02%
ORA	C	0.02%
OMF	D	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
HUN	B	0.01%
AAP	F	0.01%
KNX	D	0.01%
NOV	F	0.01%
SCL	D	0.01%
UHAL	C	0.01%
DINO	F	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	C	0.01%
ESI	C	0.01%
UAL	A	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	D	0.01%
PNW	C	0.01%
IDCC	A	0.01%
SR	D	0.01%
PPC	C	0.01%
RKT	D	0.01%
UGI	C	0.01%
CLF	D	0.01%
TPR	B	0.01%
SPR	D	0.01%
SWX	C	0.01%
MOS	F	0.01%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	B	0.01%
FHN	D	0.01%
JBGS	C	0.01%
PFG	A	0.01%
FLR	B	0.01%
WMK	D	0.01%
SPB	C	0.01%
JELD	D	0.01%
WTFC	B	0.01%
CADE	B	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
DXC	C	0.01%
FELE	C	0.01%
STRA	F	0.01%
CSGS	B	0.01%
TTMI	D	0.01%
KN	B	0.01%
BBWI	F	0.01%
DY	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	B	0.01%
ZION	D	0.01%
AMWD	C	0.01%
GME	D	0.01%
GOLF	F	0.01%
MHK	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	D	0.01%
REZI	D	0.01%
SLB	D	0.01%
ADC	C	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	A	0.01%
SCS	D	0.01%
ESNT	A	0.01%
BWA	C	0.01%
LAUR	C	0.01%
RF	B	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 184 Positions Relative to IUSG

Symbol	Grade	Weight
MSFT	D	-10.86%
GOOGL	B	-3.4%
GOOG	B	-2.81%
TSLA	C	-2.49%
CRM	B	-0.91%
AMD	C	-0.9%
INTU	F	-0.59%
LIN	C	-0.41%
ETN	B	-0.28%
SYK	C	-0.27%
SNPS	F	-0.26%
CDNS	D	-0.25%
ADI	B	-0.23%
CRWD	D	-0.22%
TT	A	-0.21%
DE	C	-0.21%
FI	A	-0.19%
ROST	D	-0.17%
EOG	B	-0.16%
ACGL	A	-0.15%
NXPI	F	-0.15%
EQIX	C	-0.14%
BA	F	-0.14%
FCX	B	-0.13%
PCAR	D	-0.13%
HES	D	-0.13%
LULU	D	-0.11%
ABNB	D	-0.1%
AXON	A	-0.1%
GEV	A	-0.1%
MCHP	F	-0.09%
FTV	C	-0.09%
AME	C	-0.07%
VMC	D	-0.07%
DXCM	F	-0.06%
LYV	A	-0.06%
TEL	D	-0.06%
DAL	C	-0.06%
EXPE	B	-0.06%
FND	C	-0.05%
CSGP	F	-0.05%
ON	F	-0.05%
CBOE	B	-0.05%
GRMN	D	-0.05%
ROK	D	-0.05%
EW	F	-0.05%
IQV	F	-0.05%
DT	B	-0.05%
DUOL	B	-0.04%
KNSL	B	-0.04%
OVV	D	-0.04%
LVS	B	-0.04%
SAIA	D	-0.04%
TPL	A	-0.04%
NVT	C	-0.04%
CTRA	D	-0.04%
MOH	F	-0.04%
WING	C	-0.04%
HALO	D	-0.03%
LNTH	C	-0.03%
TREX	D	-0.03%
PEN	D	-0.03%
RGEN	F	-0.03%
RNR	A	-0.03%
SSD	B	-0.03%
CHRD	F	-0.03%
ENSG	D	-0.03%
FN	B	-0.03%
CF	A	-0.03%
MEDP	F	-0.03%
AIT	B	-0.03%
WEX	C	-0.03%
NCLH	C	-0.03%
PR	D	-0.03%
PRI	A	-0.03%
OLED	B	-0.03%
COO	C	-0.03%
STX	C	-0.03%
SRPT	F	-0.03%
WYNN	B	-0.03%
APA	F	-0.03%
ONTO	B	-0.03%
CHDN	C	-0.03%
FCFS	F	-0.02%
BRBR	A	-0.02%
RMBS	F	-0.02%
BYD	B	-0.02%
EPAM	F	-0.02%
CIVI	F	-0.02%
LFUS	C	-0.02%
QLYS	F	-0.02%
CELH	F	-0.02%
WTRG	D	-0.02%
WLK	C	-0.02%
FIVE	D	-0.02%
ALLE	A	-0.02%
BCO	C	-0.02%
GTLS	D	-0.02%
CZR	B	-0.02%
ALTR	B	-0.02%
DAY	C	-0.02%
APPF	C	-0.02%
EGP	D	-0.02%
NXT	F	-0.02%
ENPH	F	-0.02%
WTS	C	-0.02%
OLLI	C	-0.02%
MTDR	D	-0.02%
DBX	C	-0.02%
ACHC	F	-0.02%
ELF	F	-0.02%
MGM	D	-0.02%
WFRD	F	-0.02%
PODD	C	-0.02%
HLNE	A	-0.02%
PLNT	B	-0.02%
SNA	C	-0.02%
AAON	A	-0.02%
PCTY	C	-0.02%
RYAN	A	-0.02%
LSCC	D	-0.02%
NSA	D	-0.01%
CAR	D	-0.01%
ENS	B	-0.01%
ALTM	D	-0.01%
POWI	F	-0.01%
FFIN	D	-0.01%
IRDM	C	-0.01%
BLKB	C	-0.01%
IDA	D	-0.01%
RH	C	-0.01%
HWC	D	-0.01%
EEFT	F	-0.01%
EPR	C	-0.01%
YETI	C	-0.01%
OZK	D	-0.01%
TNL	B	-0.01%
ARWR	F	-0.01%
SHC	C	-0.01%
CYTK	D	-0.01%
DOCS	A	-0.01%
OPCH	F	-0.01%
MAT	B	-0.01%
JAZZ	F	-0.01%
EXPO	A	-0.01%
PNFP	B	-0.01%
VNOM	A	-0.01%
AZPN	A	-0.01%
CGNX	F	-0.01%
VOYA	A	-0.01%
AM	A	-0.01%
ROIV	D	-0.01%
FLS	A	-0.01%
COTY	F	-0.01%
TKO	A	-0.01%
EXLS	B	-0.01%
WMG	D	-0.01%
CIEN	A	-0.01%
VAL	F	-0.01%
MIDD	D	-0.01%
HQY	B	-0.01%
STAG	D	-0.01%
PAYC	D	-0.01%
KNF	B	-0.01%
SLAB	D	-0.01%
NOVT	C	-0.01%
MTSI	B	-0.01%
BRX	C	-0.01%
GXO	D	-0.01%
ALV	F	-0.01%
CHX	C	-0.01%
REXR	D	-0.01%
FBIN	C	-0.01%
IPGP	D	-0.0%
ZI	F	-0.0%
LIVN	C	-0.0%
ALGM	F	-0.0%
SYNA	F	-0.0%
CHH	A	-0.0%
HGV	F	-0.0%
IBOC	D	-0.0%
CDP	A	-0.0%
AZTA	F	-0.0%
COLM	B	-0.0%