MFUS vs. IWF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares Russell 1000 Growth ETF (IWF)

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

$50.73

Average Daily Volume

5,797

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization 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 1000 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth sectors of the U.S. equity market. It is a subset of the Russell 1000® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$387.55

Average Daily Volume

1,221,974

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IWF
30 Days	-1.28%	1.92%
60 Days	2.61%	6.15%
90 Days	5.00%	6.72%
12 Months	31.44%	35.20%

225 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in IWF	Overlap
	AAPL	C	0.96%	11.33%	0.96%
	ABBV	F	1.65%	0.53%	0.53%
	ADBE	F	0.04%	0.76%	0.04%
	ADP	B	0.11%	0.4%	0.11%
	ADSK	B	0.09%	0.23%	0.09%
	AJG	A	0.15%	0.01%	0.01%
	ALGN	D	0.01%	0.03%	0.01%
	ALL	A	0.25%	0.03%	0.03%
	ALLY	C	0.05%	0.0%	0.0%
	ALNY	D	0.07%	0.1%	0.07%
	AMAT	F	0.55%	0.51%	0.51%
	AMGN	D	1.03%	0.46%	0.46%
	AMP	A	0.17%	0.17%	0.17%
	AMT	D	0.15%	0.32%	0.15%
	AMZN	B	1.64%	6.69%	1.64%
	ANET	C	0.15%	0.38%	0.15%
	APH	B	0.12%	0.17%	0.12%
	APP	A	0.06%	0.22%	0.06%
	ARES	B	0.09%	0.11%	0.09%
	AVGO	C	1.63%	2.86%	1.63%
	AVY	D	0.1%	0.02%	0.02%
	AWI	A	0.03%	0.01%	0.01%
	AXP	A	0.22%	0.21%	0.21%
	AZO	C	0.28%	0.17%	0.17%
	BAH	D	0.18%	0.08%	0.08%
	BFAM	F	0.03%	0.0%	0.0%
	BKNG	A	0.41%	0.54%	0.41%
	BLD	F	0.03%	0.0%	0.0%
	BLDR	D	0.04%	0.01%	0.01%
	BR	A	0.16%	0.08%	0.08%
	BRKR	F	0.02%	0.01%	0.01%
	BRO	B	0.12%	0.04%	0.04%
	BURL	C	0.03%	0.06%	0.03%
	BWXT	A	0.11%	0.01%	0.01%
	BX	A	0.12%	0.43%	0.12%
	CACC	D	0.01%	0.01%	0.01%
	CAH	B	0.25%	0.06%	0.06%
	CASY	B	0.16%	0.01%	0.01%
	CAT	B	0.2%	0.1%	0.1%
	CC	C	0.02%	0.0%	0.0%
	CDW	F	0.03%	0.05%	0.03%
	CE	F	0.04%	0.01%	0.01%
	CEG	D	0.11%	0.04%	0.04%
	CHE	D	0.06%	0.0%	0.0%
	CI	D	0.13%	0.03%	0.03%
	CL	D	0.37%	0.14%	0.14%
	CLF	F	0.01%	0.01%	0.01%
	CLX	A	0.13%	0.07%	0.07%
	CMG	B	0.2%	0.27%	0.2%
	CNM	F	0.01%	0.02%	0.01%
	COIN	A	0.07%	0.14%	0.07%
	COR	B	0.17%	0.14%	0.14%
	COST	B	1.33%	1.39%	1.33%
	CPAY	A	0.03%	0.08%	0.03%
	CPNG	C	0.04%	0.1%	0.04%
	CPRT	A	0.08%	0.16%	0.08%
	CROX	F	0.01%	0.0%	0.0%
	CSL	B	0.02%	0.01%	0.01%
	CTAS	B	0.19%	0.25%	0.19%
	DASH	B	0.1%	0.18%	0.1%
	DECK	A	0.16%	0.09%	0.09%
	DELL	C	0.03%	0.02%	0.02%
	DKS	D	0.08%	0.0%	0.0%
	DPZ	C	0.13%	0.02%	0.02%
	DRI	B	0.03%	0.04%	0.03%
	DVA	C	0.15%	0.03%	0.03%
	ECL	D	0.08%	0.18%	0.08%
	EFX	F	0.11%	0.02%	0.02%
	ELV	F	0.16%	0.05%	0.05%
	EME	B	0.04%	0.03%	0.03%
	EQH	B	0.08%	0.05%	0.05%
	EXEL	B	0.05%	0.03%	0.03%
	EXP	B	0.07%	0.03%	0.03%
	EXPD	D	0.11%	0.01%	0.01%
	FAST	B	0.13%	0.14%	0.13%
	FDS	A	0.04%	0.02%	0.02%
	FI	A	0.18%	0.13%	0.13%
	FICO	A	0.22%	0.15%	0.15%
	FIX	A	0.05%	0.05%	0.05%
	FTNT	A	0.06%	0.15%	0.06%
	GDDY	A	0.11%	0.09%	0.09%
	GE	D	0.56%	0.14%	0.14%
	GEHC	D	0.08%	0.01%	0.01%
	GNRC	B	0.05%	0.02%	0.02%
	GS	A	0.36%	0.17%	0.17%
	GWRE	B	0.02%	0.03%	0.02%
	GWW	A	0.21%	0.15%	0.15%
	H	B	0.01%	0.0%	0.0%
	HCA	D	0.27%	0.06%	0.06%
	HD	A	0.62%	1.08%	0.62%
	HEI	A	0.04%	0.04%	0.04%
	HEI	A	0.04%	0.05%	0.04%
	HLI	A	0.08%	0.0%	0.0%
	HLT	A	0.09%	0.11%	0.09%
	HPQ	B	0.29%	0.03%	0.03%
	HRB	D	0.08%	0.01%	0.01%
	HSY	F	0.06%	0.01%	0.01%
	HWM	A	0.15%	0.01%	0.01%
	IDXX	F	0.05%	0.12%	0.05%
	INCY	B	0.01%	0.0%	0.0%
	IRM	D	0.13%	0.07%	0.07%
	ISRG	A	0.28%	0.63%	0.28%
	IT	B	0.14%	0.14%	0.14%
	ITW	B	0.1%	0.1%	0.1%
	JBL	C	0.03%	0.0%	0.0%
	JEF	A	0.02%	0.01%	0.01%
	JLL	C	0.06%	0.01%	0.01%
	KBR	D	0.02%	0.0%	0.0%
	KKR	A	0.14%	0.1%	0.1%
	KLAC	F	0.24%	0.32%	0.24%
	KMB	C	0.17%	0.06%	0.06%
	KO	D	1.07%	0.49%	0.49%
	LAMR	D	0.05%	0.01%	0.01%
	LBRDK	B	0.03%	0.01%	0.01%
	LECO	C	0.06%	0.01%	0.01%
	LII	B	0.21%	0.07%	0.07%
	LLY	F	2.52%	2.19%	2.19%
	LMT	D	0.78%	0.13%	0.13%
	LNW	D	0.02%	0.03%	0.02%
	LOPE	B	0.04%	0.01%	0.01%
	LPLA	A	0.06%	0.08%	0.06%
	LPX	A	0.07%	0.02%	0.02%
	LRCX	F	0.18%	0.36%	0.18%
	LW	C	0.03%	0.01%	0.01%
	MA	A	0.28%	1.47%	0.28%
	MANH	D	0.03%	0.06%	0.03%
	MASI	A	0.03%	0.01%	0.01%
	MCD	D	0.54%	0.05%	0.05%
	MCK	A	0.56%	0.12%	0.12%
	MCO	C	0.14%	0.25%	0.14%
	META	C	2.36%	4.44%	2.36%
	MKSI	D	0.01%	0.0%	0.0%
	MLM	B	0.07%	0.01%	0.01%
	MMC	C	0.2%	0.05%	0.05%
	MMM	D	0.58%	0.05%	0.05%
	MNST	D	0.07%	0.11%	0.07%
	MORN	B	0.03%	0.03%	0.03%
	MPWR	F	0.08%	0.12%	0.08%
	MRK	F	0.89%	0.88%	0.88%
	MS	A	0.2%	0.03%	0.03%
	MSCI	A	0.07%	0.09%	0.07%
	MSI	A	0.19%	0.13%	0.13%
	MTN	C	0.05%	0.02%	0.02%
	MUSA	A	0.15%	0.03%	0.03%
	NBIX	D	0.04%	0.04%	0.04%
	NFLX	A	0.48%	1.17%	0.48%
	NKE	D	0.06%	0.19%	0.06%
	NOW	B	0.34%	0.71%	0.34%
	NRG	B	0.07%	0.03%	0.03%
	NTAP	D	0.1%	0.04%	0.04%
	NVDA	B	1.82%	11.94%	1.82%
	NXST	D	0.06%	0.01%	0.01%
	ODFL	B	0.02%	0.15%	0.02%
	ORCL	A	1.42%	1.0%	1.0%
	ORLY	A	0.2%	0.22%	0.2%
	PANW	B	0.23%	0.41%	0.23%
	PAYX	B	0.04%	0.06%	0.04%
	PEP	F	0.76%	0.61%	0.61%
	PG	C	1.03%	0.29%	0.29%
	PGR	B	0.57%	0.43%	0.43%
	PLTR	A	0.16%	0.39%	0.16%
	POOL	D	0.07%	0.05%	0.05%
	PPC	B	0.01%	0.0%	0.0%
	PSA	C	0.1%	0.03%	0.03%
	PSTG	F	0.04%	0.05%	0.04%
	PTC	B	0.04%	0.05%	0.04%
	PWR	A	0.12%	0.05%	0.05%
	QCOM	F	0.8%	0.62%	0.62%
	RCL	A	0.09%	0.06%	0.06%
	REGN	F	0.4%	0.02%	0.02%
	RLI	A	0.03%	0.0%	0.0%
	RMD	C	0.17%	0.03%	0.03%
	ROL	A	0.06%	0.05%	0.05%
	RPM	A	0.13%	0.01%	0.01%
	SAM	B	0.02%	0.0%	0.0%
	SBUX	A	0.1%	0.29%	0.1%
	SCHW	A	0.05%	0.04%	0.04%
	SEE	B	0.06%	0.0%	0.0%
	SHW	B	0.22%	0.28%	0.22%
	SKX	D	0.02%	0.0%	0.0%
	SMCI	F	0.08%	0.04%	0.04%
	SPG	A	0.16%	0.05%	0.05%
	SPR	D	0.01%	0.0%	0.0%
	SQ	A	0.05%	0.06%	0.05%
	SYY	D	0.13%	0.08%	0.08%
	TDC	F	0.02%	0.01%	0.01%
	TDG	D	0.15%	0.05%	0.05%
	TER	F	0.03%	0.05%	0.03%
	TJX	A	0.36%	0.27%	0.27%
	TPX	A	0.03%	0.03%	0.03%
	TRGP	A	0.1%	0.14%	0.1%
	TSCO	D	0.11%	0.11%	0.11%
	TTEK	D	0.02%	0.01%	0.01%
	TW	B	0.06%	0.02%	0.02%
	TXN	C	0.3%	0.08%	0.08%
	TXRH	A	0.06%	0.04%	0.04%
	TYL	B	0.08%	0.08%	0.08%
	UBER	C	0.22%	0.5%	0.22%
	UHAL	D	0.01%	0.01%	0.01%
	UHAL	D	0.02%	0.01%	0.01%
	UHAL	D	0.01%	0.0%	0.0%
	UHAL	D	0.02%	0.0%	0.0%
	ULTA	D	0.04%	0.06%	0.04%
	UNH	B	0.77%	0.13%	0.13%
	UNP	D	0.51%	0.24%	0.24%
	URI	B	0.09%	0.05%	0.05%
	V	A	0.3%	1.65%	0.3%
	VLTO	D	0.04%	0.04%	0.04%
	VRSK	B	0.16%	0.14%	0.14%
	VRSN	D	0.04%	0.0%	0.0%
	VRTX	C	0.23%	0.22%	0.22%
	VST	A	0.2%	0.16%	0.16%
	VVV	B	0.02%	0.02%	0.02%
	WAT	B	0.06%	0.05%	0.05%
	WEN	C	0.06%	0.01%	0.01%
	WH	A	0.04%	0.0%	0.0%
	WM	B	0.28%	0.3%	0.28%
	WMS	F	0.02%	0.01%	0.01%
	WSM	F	0.19%	0.03%	0.03%
	WST	C	0.05%	0.05%	0.05%
	WU	F	0.06%	0.0%	0.0%
	XPO	B	0.03%	0.06%	0.03%
	YUM	D	0.14%	0.05%	0.05%
	ZBRA	B	0.04%	0.01%	0.01%
	ZTS	D	0.05%	0.23%	0.05%

MFUS Overweight 593 Positions Relative to IWF

	Symbol	Grade	Weight
	BRK.A	A	2.36%
	WMT	A	1.72%
	JNJ	D	1.27%
	IBM	D	1.07%
	VZ	C	1.03%
	JPM	A	0.93%
	PM	A	0.92%
	GILD	B	0.87%
	WFC	A	0.87%
	TGT	D	0.75%
	T	A	0.74%
	MO	A	0.73%
	CVS	F	0.66%
	C	A	0.65%
	CSCO	B	0.65%
	PFE	F	0.62%
	XOM	B	0.44%
	BAC	A	0.42%
	TMUS	A	0.42%
	BMY	B	0.4%
	CVX	A	0.39%
	GM	A	0.37%
	NOC	D	0.37%
	KR	B	0.37%
	LOW	A	0.36%
	AIG	B	0.36%
	EBAY	D	0.36%
	MET	A	0.32%
	MPC	D	0.32%
	CHTR	B	0.3%
	TMO	D	0.3%
	SPGI	C	0.29%
	ICE	D	0.29%
	THC	C	0.28%
	LHX	B	0.27%
	COF	A	0.27%
	SYF	A	0.27%
	DHR	D	0.26%
	AON	A	0.25%
	ANF	C	0.25%
	GD	D	0.25%
	UPS	C	0.25%
	NEE	C	0.24%
	SFM	A	0.24%
	ACN	C	0.24%
	ADM	D	0.24%
	MDLZ	F	0.24%
	PRU	A	0.23%
	PSX	C	0.22%
	BBY	C	0.22%
	RTX	D	0.22%
	GLW	B	0.21%
	AFL	C	0.21%
	TRV	A	0.2%
	BSX	B	0.2%
	INTC	C	0.19%
	GIS	D	0.19%
	UTHR	B	0.19%
	BK	A	0.18%
	NEM	F	0.18%
	MU	D	0.17%
	TSN	A	0.17%
	EA	A	0.17%
	VLO	C	0.16%
	KHC	F	0.16%
	CB	C	0.16%
	LYB	F	0.16%
	WSO	A	0.16%
	CMCSA	B	0.16%
	F	C	0.15%
	K	B	0.15%
	PH	A	0.14%
	DUK	C	0.14%
	JNPR	D	0.14%
	CME	A	0.14%
	LDOS	C	0.13%
	WBA	F	0.13%
	RSG	B	0.13%
	CMI	A	0.13%
	CHRW	A	0.13%
	SO	C	0.13%
	VTRS	A	0.13%
	EVR	A	0.12%
	PYPL	A	0.12%
	WELL	A	0.12%
	BDX	F	0.12%
	CW	B	0.11%
	HPE	B	0.11%
	CACI	C	0.11%
	FOXA	A	0.11%
	XYL	D	0.11%
	WTW	B	0.11%
	CSX	B	0.11%
	PNC	A	0.11%
	JKHY	D	0.11%
	EXR	C	0.11%
	NVR	D	0.1%
	AYI	A	0.1%
	DG	F	0.1%
	WMB	A	0.1%
	PHM	D	0.1%
	CRS	A	0.1%
	KMI	A	0.1%
	PKG	B	0.1%
	JXN	B	0.1%
	GEN	B	0.1%
	DD	D	0.1%
	ALSN	B	0.1%
	USB	B	0.1%
	AOS	F	0.09%
	GPI	A	0.09%
	IEX	B	0.09%
	LSTR	D	0.09%
	TROW	A	0.09%
	DGX	A	0.09%
	OKE	A	0.09%
	CALM	A	0.09%
	DLR	A	0.09%
	DFS	A	0.09%
	IP	A	0.09%
	EHC	B	0.09%
	TMHC	B	0.09%
	MTD	F	0.09%
	OTIS	D	0.08%
	ABG	A	0.08%
	HCC	B	0.08%
	EMR	A	0.08%
	STE	D	0.08%
	FIS	B	0.08%
	AIZ	A	0.08%
	TAP	A	0.08%
	AEO	F	0.08%
	TFC	A	0.08%
	WCC	A	0.08%
	ITT	A	0.08%
	ATR	B	0.08%
	NUE	D	0.08%
	SEIC	A	0.08%
	GPK	D	0.08%
	MLI	B	0.08%
	SLG	B	0.08%
	WDC	F	0.08%
	AEP	C	0.08%
	IR	A	0.08%
	CNX	A	0.07%
	R	A	0.07%
	CHD	A	0.07%
	NSC	B	0.07%
	DHI	D	0.07%
	SCI	B	0.07%
	BCC	B	0.07%
	COP	C	0.07%
	LEN	D	0.07%
	EXC	C	0.07%
	TTWO	A	0.07%
	BKR	A	0.07%
	BIIB	F	0.07%
	GLPI	D	0.07%
	THO	B	0.07%
	BALL	D	0.07%
	D	C	0.07%
	CCI	D	0.07%
	KDP	D	0.07%
	SRE	A	0.07%
	VNO	B	0.07%
	BTU	B	0.06%
	ATGE	B	0.06%
	CMC	B	0.06%
	FCN	F	0.06%
	KTB	A	0.06%
	STZ	D	0.06%
	GAP	C	0.06%
	TPH	D	0.06%
	BC	D	0.06%
	HIG	C	0.06%
	CPT	D	0.06%
	PEG	C	0.06%
	L	A	0.06%
	ED	D	0.06%
	MKC	D	0.06%
	MMS	D	0.06%
	O	D	0.06%
	RGA	A	0.06%
	JCI	A	0.06%
	PK	C	0.06%
	AMG	A	0.06%
	AN	D	0.06%
	FFIV	B	0.06%
	MSM	C	0.06%
	CCK	D	0.06%
	MTH	D	0.06%
	TTC	D	0.06%
	ROP	C	0.06%
	MAS	D	0.06%
	UHS	D	0.06%
	OMC	C	0.06%
	TOL	B	0.06%
	INGR	B	0.06%
	BERY	D	0.06%
	UFPI	C	0.06%
	SKYW	A	0.06%
	CPB	D	0.05%
	URBN	C	0.05%
	ERIE	F	0.05%
	PPG	F	0.05%
	CRBG	B	0.05%
	NFG	A	0.05%
	OGN	F	0.05%
	ETR	A	0.05%
	FANG	D	0.05%
	SMG	D	0.05%
	BAX	F	0.05%
	USFD	B	0.05%
	NDAQ	A	0.05%
	CNC	F	0.05%
	COOP	B	0.05%
	GVA	A	0.05%
	HBI	A	0.05%
	CARR	D	0.05%
	G	A	0.05%
	GNTX	C	0.05%
	SLGN	B	0.05%
	CBRE	B	0.05%
	EIX	C	0.05%
	TEX	D	0.05%
	ANSS	B	0.05%
	VIRT	A	0.05%
	CRI	D	0.05%
	POST	D	0.05%
	SUI	D	0.05%
	BFH	A	0.05%
	WAB	B	0.05%
	CBT	C	0.05%
	A	D	0.05%
	IBKR	A	0.05%
	LUMN	C	0.05%
	NSIT	F	0.05%
	SLM	A	0.05%
	FCNCA	A	0.05%
	MTB	A	0.04%
	ESS	A	0.04%
	HOLX	D	0.04%
	DOX	D	0.04%
	AMH	C	0.04%
	EQR	C	0.04%
	CFG	A	0.04%
	TRN	A	0.04%
	BJ	B	0.04%
	CDP	C	0.04%
	PPL	A	0.04%
	INVH	D	0.04%
	ES	C	0.04%
	ACM	B	0.04%
	SEM	B	0.04%
	SON	D	0.04%
	CLH	C	0.04%
	AVT	C	0.04%
	BDC	B	0.04%
	LANC	D	0.04%
	ELS	B	0.04%
	AGNC	C	0.04%
	CVLT	B	0.04%
	JWN	A	0.04%
	SANM	B	0.04%
	RUSHA	B	0.04%
	HUBG	A	0.04%
	PRIM	A	0.04%
	WTM	A	0.04%
	GBX	A	0.04%
	SLVM	B	0.04%
	EMN	C	0.04%
	BHF	A	0.04%
	NWSA	B	0.04%
	AROC	A	0.04%
	FLO	D	0.04%
	GEO	A	0.04%
	OLN	F	0.04%
	UNM	A	0.04%
	FL	F	0.04%
	CMA	A	0.04%
	ATI	D	0.04%
	FITB	A	0.04%
	FTI	A	0.04%
	CTVA	D	0.04%
	GATX	A	0.04%
	TKR	F	0.04%
	JHG	A	0.04%
	SIG	B	0.04%
	CRUS	F	0.04%
	VTR	C	0.04%
	ARW	D	0.04%
	STLD	B	0.04%
	MAC	A	0.04%
	CUBE	C	0.04%
	AR	B	0.04%
	CAG	F	0.04%
	MAR	A	0.04%
	RS	B	0.04%
	KD	A	0.04%
	TDS	B	0.04%
	RGLD	C	0.04%
	SJM	F	0.04%
	IPG	F	0.04%
	CNO	A	0.04%
	THG	A	0.04%
	SRCL	B	0.04%
	TGNA	B	0.04%
	MHO	D	0.04%
	MOG.A	B	0.04%
	NDSN	B	0.04%
	ABM	B	0.04%
	FLEX	B	0.04%
	DCI	B	0.04%
	UNF	A	0.03%
	XRAY	F	0.03%
	DRH	B	0.03%
	HXL	F	0.03%
	ORA	B	0.03%
	BKE	A	0.03%
	RYN	D	0.03%
	APAM	A	0.03%
	OI	C	0.03%
	DLTR	F	0.03%
	OMF	A	0.03%
	SBAC	D	0.03%
	FNF	C	0.03%
	TFX	F	0.03%
	WPC	D	0.03%
	WHR	A	0.03%
	LNC	A	0.03%
	VC	F	0.03%
	FHI	A	0.03%
	MRO	A	0.03%
	BKU	A	0.03%
	NTRS	A	0.03%
	AKAM	F	0.03%
	UDR	C	0.03%
	MAN	F	0.03%
	AMKR	F	0.03%
	PRG	A	0.03%
	CG	B	0.03%
	PLXS	B	0.03%
	DDS	B	0.03%
	APLE	B	0.03%
	COHR	B	0.03%
	MC	B	0.03%
	HBAN	A	0.03%
	GMS	A	0.03%
	GNW	A	0.03%
	AVB	A	0.03%
	RL	B	0.03%
	GGG	A	0.03%
	AVA	C	0.03%
	X	D	0.03%
	AVTR	F	0.03%
	RPRX	F	0.03%
	SM	C	0.03%
	DBRG	D	0.03%
	SHOO	D	0.03%
	CMS	C	0.03%
	MATX	B	0.03%
	HUBB	B	0.03%
	FE	C	0.03%
	ASO	F	0.03%
	OSK	C	0.03%
	IVZ	B	0.03%
	HOOD	A	0.03%
	NYT	D	0.03%
	KBH	D	0.03%
	IFF	D	0.03%
	COLD	F	0.03%
	HSIC	D	0.03%
	PHIN	A	0.02%
	REZI	A	0.02%
	HE	D	0.02%
	TTMI	B	0.02%
	DNOW	A	0.02%
	ZION	A	0.02%
	RF	A	0.02%
	SSNC	D	0.02%
	LAUR	A	0.02%
	EVRG	A	0.02%
	WAL	A	0.02%
	LXP	D	0.02%
	SNV	A	0.02%
	BHE	B	0.02%
	SATS	D	0.02%
	BEN	C	0.02%
	KIM	A	0.02%
	ATO	A	0.02%
	AA	A	0.02%
	AXTA	A	0.02%
	JBLU	C	0.02%
	LEG	F	0.02%
	OSIS	A	0.02%
	VSH	F	0.02%
	ANDE	C	0.02%
	LAD	A	0.02%
	HNI	A	0.02%
	APG	C	0.02%
	HP	C	0.02%
	BXP	D	0.02%
	WKC	C	0.02%
	SNDR	B	0.02%
	NSP	F	0.02%
	NAVI	D	0.02%
	MDU	D	0.02%
	HST	D	0.02%
	PNR	A	0.02%
	ODP	F	0.02%
	DTE	C	0.02%
	RHI	B	0.02%
	HRL	D	0.02%
	DOW	F	0.02%
	PMT	D	0.02%
	MAA	A	0.02%
	VFC	B	0.02%
	LNT	A	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	D	0.02%
	NWL	B	0.02%
	AIR	B	0.02%
	SXT	C	0.02%
	NTCT	B	0.02%
	VSCO	A	0.02%
	CINF	A	0.02%
	MCY	A	0.02%
	XHR	B	0.02%
	DLB	D	0.02%
	EWBC	A	0.02%
	OHI	C	0.02%
	DORM	B	0.02%
	NI	A	0.02%
	AGCO	D	0.02%
	CCL	A	0.02%
	HAE	A	0.02%
	CTLT	C	0.02%
	PAG	A	0.02%
	SBH	A	0.02%
	GHC	A	0.02%
	FAF	C	0.02%
	HOG	D	0.02%
	CXW	B	0.02%
	GEF	A	0.02%
	RRC	B	0.02%
	HII	F	0.02%
	KSS	F	0.02%
	KMPR	A	0.02%
	DK	D	0.02%
	PVH	C	0.02%
	THS	F	0.02%
	MSA	D	0.02%
	STC	A	0.02%
	MTG	C	0.02%
	VSTO	A	0.02%
	GMED	A	0.02%
	KEY	A	0.02%
	COKE	C	0.02%
	ADNT	F	0.02%
	PDCO	F	0.02%
	WRB	A	0.02%
	LZB	A	0.02%
	PINC	B	0.02%
	NEU	C	0.02%
	PSN	C	0.02%
	PNM	B	0.02%
	ACA	B	0.02%
	JBHT	B	0.02%
	MKTX	C	0.02%
	WERN	B	0.02%
	AAP	D	0.01%
	SVC	F	0.01%
	QRVO	F	0.01%
	NOV	D	0.01%
	KNX	B	0.01%
	CPRI	F	0.01%
	DINO	D	0.01%
	SCL	D	0.01%
	RKT	F	0.01%
	ELAN	C	0.01%
	MLKN	F	0.01%
	PARA	C	0.01%
	IMKTA	C	0.01%
	CNXN	D	0.01%
	WOR	F	0.01%
	ECPG	A	0.01%
	ARI	D	0.01%
	IGT	F	0.01%
	RDN	C	0.01%
	HTH	B	0.01%
	ACI	C	0.01%
	GIII	D	0.01%
	UVV	B	0.01%
	SR	A	0.01%
	WGO	B	0.01%
	SSB	A	0.01%
	ARCH	B	0.01%
	CVI	D	0.01%
	ALEX	B	0.01%
	PNW	A	0.01%
	UGI	C	0.01%
	SEB	F	0.01%
	OUT	C	0.01%
	RVTY	D	0.01%
	PB	A	0.01%
	XRX	F	0.01%
	SWX	A	0.01%
	ARMK	C	0.01%
	KALU	C	0.01%
	CNS	B	0.01%
	CENTA	C	0.01%
	ESI	B	0.01%
	SHO	D	0.01%
	WAFD	A	0.01%
	JELD	F	0.01%
	JBGS	D	0.01%
	SIGI	A	0.01%
	PECO	A	0.01%
	PFG	C	0.01%
	AMED	F	0.01%
	WMK	B	0.01%
	TPR	A	0.01%
	CFR	A	0.01%
	OMI	F	0.01%
	BRC	C	0.01%
	DY	C	0.01%
	FDP	A	0.01%
	STRA	C	0.01%
	DAN	F	0.01%
	FELE	B	0.01%
	SPB	C	0.01%
	LEA	F	0.01%
	MOS	D	0.01%
	KN	B	0.01%
	ONB	B	0.01%
	CBSH	A	0.01%
	IDCC	A	0.01%
	TNET	F	0.01%
	FHN	A	0.01%
	MHK	D	0.01%
	DXC	C	0.01%
	CSGS	A	0.01%
	WTFC	A	0.01%
	CADE	A	0.01%
	NNN	D	0.01%
	ESNT	D	0.01%
	BBWI	C	0.01%
	LADR	A	0.01%
	CR	A	0.01%
	SAIC	D	0.01%
	FLR	B	0.01%
	AES	F	0.01%
	WWD	B	0.01%
	ESAB	B	0.01%
	MUR	F	0.01%
	RBC	A	0.01%
	DTM	A	0.01%
	GOLF	A	0.01%
	GES	F	0.01%
	SLB	C	0.01%
	IOSP	C	0.01%
	GME	C	0.01%
	PTEN	D	0.01%
	UAL	A	0.01%
	SCS	A	0.01%
	NNI	C	0.01%
	SAH	A	0.01%
	PSMT	D	0.01%
	KEX	A	0.01%
	AMWD	B	0.01%
	ICUI	D	0.01%
	ADC	A	0.01%
	CWEN	D	0.01%
	BWA	A	0.01%
	BMRN	F	0.01%
	VNT	C	0.01%
	WBS	A	0.01%
	FYBR	C	0.01%
	DEI	B	0.01%
	SF	A	0.01%
	GT	C	0.01%
	FR	D	0.01%
	SCCO	F	0.0%
	NOMD	D	0.0%
	WOLF	F	0.0%
	HUN	F	0.0%

MFUS Underweight 168 Positions Relative to IWF

	Symbol	Grade	Weight
	MSFT	D	-10.84%
	GOOGL	B	-3.64%
	GOOG	B	-3.08%
	TSLA	B	-2.83%
	CRM	A	-0.85%
	INTU	A	-0.63%
	AMD	F	-0.55%
	SNPS	C	-0.3%
	CDNS	B	-0.28%
	CRWD	B	-0.26%
	ABNB	C	-0.22%
	APO	A	-0.21%
	TTD	B	-0.2%
	SPOT	A	-0.2%
	WDAY	B	-0.19%
	VRT	A	-0.15%
	SYK	A	-0.14%
	TEAM	A	-0.13%
	LULU	C	-0.13%
	DDOG	B	-0.13%
	SNOW	C	-0.13%
	AXON	A	-0.12%
	HUBS	A	-0.11%
	VEEV	C	-0.11%
	NET	C	-0.1%
	TT	A	-0.1%
	TPL	A	-0.09%
	HES	B	-0.09%
	RBLX	B	-0.09%
	DXCM	C	-0.09%
	EXPE	A	-0.08%
	HON	A	-0.08%
	LNG	A	-0.08%
	LYV	A	-0.07%
	PINS	F	-0.07%
	MDB	C	-0.07%
	ENTG	F	-0.06%
	BA	F	-0.06%
	PODD	A	-0.06%
	DKNG	B	-0.06%
	ZS	B	-0.06%
	LVS	C	-0.06%
	TOST	A	-0.05%
	NTRA	B	-0.05%
	DOCU	A	-0.05%
	DT	C	-0.05%
	CAVA	B	-0.04%
	ROST	D	-0.04%
	SRPT	F	-0.04%
	OWL	A	-0.04%
	NCLH	B	-0.04%
	DUOL	B	-0.04%
	MOH	F	-0.04%
	RYAN	A	-0.03%
	GLOB	C	-0.03%
	PCOR	B	-0.03%
	SMAR	A	-0.03%
	EW	C	-0.03%
	TREX	C	-0.03%
	HAS	D	-0.03%
	AAON	A	-0.03%
	SAIA	B	-0.03%
	PEN	B	-0.03%
	MEDP	D	-0.03%
	CVNA	A	-0.03%
	PCTY	B	-0.03%
	ITCI	B	-0.03%
	ENPH	F	-0.03%
	WING	F	-0.03%
	KNSL	C	-0.03%
	VMC	B	-0.03%
	CHDN	C	-0.03%
	LYFT	B	-0.02%
	PLNT	A	-0.02%
	IQV	F	-0.02%
	RARE	F	-0.02%
	AZEK	B	-0.02%
	EQIX	B	-0.02%
	NTNX	A	-0.02%
	MKL	A	-0.02%
	PATH	D	-0.02%
	APPF	C	-0.02%
	CELH	F	-0.02%
	OKTA	D	-0.02%
	EL	F	-0.02%
	IONS	F	-0.02%
	INSP	F	-0.02%
	FWONK	B	-0.02%
	FOUR	B	-0.02%
	LAZ	B	-0.02%
	ELF	C	-0.02%
	WFRD	F	-0.02%
	MRVL	B	-0.02%
	LSCC	D	-0.02%
	CFLT	C	-0.02%
	ESTC	C	-0.02%
	BSY	D	-0.02%
	GTLB	B	-0.02%
	PAYC	B	-0.02%
	VKTX	F	-0.02%
	CIVI	F	-0.01%
	EQT	A	-0.01%
	DV	C	-0.01%
	VNOM	B	-0.01%
	BILL	A	-0.01%
	PFGC	B	-0.01%
	SOFI	A	-0.01%
	BROS	A	-0.01%
	AM	A	-0.01%
	DBX	C	-0.01%
	PR	C	-0.01%
	NCNO	B	-0.01%
	WSC	F	-0.01%
	ONTO	F	-0.01%
	FRPT	B	-0.01%
	FIVN	C	-0.01%
	SITE	D	-0.01%
	EG	D	-0.01%
	MSTR	B	-0.01%
	FERG	D	-0.01%
	ROK	A	-0.01%
	U	F	-0.01%
	APLS	F	-0.01%
	TWLO	A	-0.01%
	RNG	B	-0.01%
	CHH	A	-0.01%
	HCP	B	-0.01%
	EXAS	F	-0.01%
	PEGA	B	-0.01%
	FND	F	-0.01%
	FIVE	F	-0.01%
	ETSY	D	-0.01%
	OLED	F	-0.01%
	FTRE	D	-0.0%
	TRIP	D	-0.0%
	ALAB	B	-0.0%
	PYCR	C	-0.0%
	IRDM	C	-0.0%
	NFE	F	-0.0%
	MSGS	B	-0.0%
	DOCS	C	-0.0%
	CGNX	D	-0.0%
	UWMC	F	-0.0%
	LBRDA	B	-0.0%
	UI	A	-0.0%
	MTDR	C	-0.0%
	FWONA	B	-0.0%
	AAL	B	-0.0%
	CAR	C	-0.0%
	WYNN	D	-0.0%
	BPOP	C	-0.0%
	WEX	F	-0.0%
	SSD	D	-0.0%
	LOAR	B	-0.0%
	EPAM	B	-0.0%
	KMX	B	-0.0%
	RH	C	-0.0%
	YETI	F	-0.0%
	DJT	C	-0.0%
	TXG	F	-0.0%
	RGEN	D	-0.0%
	TRU	D	-0.0%
	S	B	-0.0%
	SN	C	-0.0%
	DAY	B	-0.0%
	TKO	C	-0.0%
	ROKU	D	-0.0%
	TPG	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

IWF: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Biotechnology Business Services Specialty Retail Restaurants Capital Markets Building Materials Semiconductors Aerospace & Defense Asset Management Diagnostics & Research Semiconductor Equipment & Materials Diversified Industrials Internet Content & Information Leisure Credit Services Household & Personal Products Medical Devices Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Cloud Computing IBD 50 Dow Jones Component Medicine Software Insurance Software As A Service Work From Home Semiconductor Cloud Infrastructure Electronics Mobile Devices Natural Gas Telecommunications Integrated Circuits Operating System Retailing