MFUS vs. IWX ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares Russell Top 200 Value ETF (IWX)

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

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value 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 Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IWX
30 Days	2.73%	2.62%
60 Days	3.41%	4.46%
90 Days	5.38%	6.64%
12 Months	32.49%	28.30%

130 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IWX	Overlap
ABBV	D	1.36%	1.0%	1.0%
ACN	C	0.25%	1.34%	0.25%
ADP	B	0.11%	0.05%	0.05%
AEP	D	0.08%	0.31%	0.08%
AIG	B	0.34%	0.3%	0.3%
AMAT	F	0.55%	0.07%	0.07%
AMGN	D	0.94%	0.2%	0.2%
AON	A	0.24%	0.45%	0.24%
APH	A	0.12%	0.21%	0.12%
AXP	A	0.23%	0.61%	0.23%
AZO	C	0.28%	0.03%	0.03%
BAC	A	0.45%	1.91%	0.45%
BDX	F	0.11%	0.39%	0.11%
BKNG	A	0.42%	0.06%	0.06%
BLK	C	0.19%	0.93%	0.19%
BMY	B	0.41%	0.69%	0.41%
BRK.A	B	2.42%	5.18%	2.42%
BSX	B	0.2%	0.77%	0.2%
C	A	0.69%	0.79%	0.69%
CARR	D	0.05%	0.38%	0.05%
CAT	B	0.2%	0.97%	0.2%
CB	C	0.16%	0.7%	0.16%
CEG	D	0.11%	0.36%	0.11%
CI	F	0.13%	0.49%	0.13%
CL	D	0.35%	0.21%	0.21%
CMCSA	B	0.16%	0.99%	0.16%
CME	A	0.14%	0.49%	0.14%
COF	B	0.29%	0.42%	0.29%
COP	C	0.07%	0.79%	0.07%
CPRT	A	0.09%	0.02%	0.02%
CSCO	B	0.68%	1.4%	0.68%
CSX	B	0.11%	0.41%	0.11%
CTAS	B	0.19%	0.02%	0.02%
CVS	D	0.65%	0.4%	0.4%
CVX	A	0.39%	1.68%	0.39%
D	C	0.07%	0.29%	0.07%
DASH	A	0.11%	0.04%	0.04%
DELL	C	0.03%	0.18%	0.03%
DHR	F	0.24%	0.9%	0.24%
DUK	C	0.13%	0.52%	0.13%
ECL	D	0.08%	0.05%	0.05%
ELV	F	0.16%	0.47%	0.16%
EMR	A	0.09%	0.44%	0.09%
F	C	0.16%	0.26%	0.16%
FI	A	0.19%	0.5%	0.19%
FTNT	C	0.07%	0.07%	0.07%
GD	F	0.24%	0.47%	0.24%
GE	D	0.56%	0.91%	0.56%
GILD	C	0.87%	0.66%	0.66%
GM	B	0.4%	0.38%	0.38%
GS	A	0.41%	0.83%	0.41%
HCA	F	0.25%	0.29%	0.25%
HD	A	0.62%	0.49%	0.49%
IBM	C	1.05%	1.13%	1.05%
ICE	C	0.29%	0.53%	0.29%
INTC	D	0.2%	0.62%	0.2%
ITW	B	0.1%	0.3%	0.1%
JCI	C	0.07%	0.34%	0.07%
JNJ	D	1.18%	2.24%	1.18%
JPM	A	0.99%	4.24%	0.99%
KDP	D	0.07%	0.21%	0.07%
KHC	F	0.15%	0.17%	0.15%
KKR	A	0.15%	0.43%	0.15%
KMB	D	0.16%	0.16%	0.16%
KO	D	1.0%	0.62%	0.62%
LMT	D	0.75%	0.47%	0.47%
LOW	D	0.35%	0.93%	0.35%
MAR	B	0.04%	0.38%	0.04%
MCD	D	0.53%	1.19%	0.53%
MCK	B	0.63%	0.27%	0.27%
MDLZ	F	0.23%	0.52%	0.23%
MET	A	0.32%	0.3%	0.3%
MMC	B	0.2%	0.57%	0.2%
MMM	D	0.6%	0.35%	0.35%
MNST	C	0.07%	0.04%	0.04%
MO	A	0.73%	0.58%	0.58%
MPC	D	0.34%	0.33%	0.33%
MS	A	0.22%	0.88%	0.22%
MSI	B	0.2%	0.26%	0.2%
MU	D	0.16%	0.64%	0.16%
NEE	D	0.22%	0.95%	0.22%
NEM	D	0.16%	0.28%	0.16%
NKE	D	0.06%	0.21%	0.06%
NOC	D	0.35%	0.41%	0.35%
NSC	B	0.07%	0.36%	0.07%
ORLY	B	0.2%	0.03%	0.03%
PEP	F	0.74%	0.28%	0.28%
PFE	D	0.57%	0.85%	0.57%
PG	A	1.01%	1.87%	1.01%
PGR	A	0.59%	0.14%	0.14%
PH	A	0.14%	0.54%	0.14%
PM	B	0.87%	1.2%	0.87%
PNC	B	0.12%	0.5%	0.12%
PSA	D	0.09%	0.27%	0.09%
PSX	C	0.23%	0.33%	0.23%
PYPL	B	0.12%	0.53%	0.12%
QCOM	F	0.77%	0.07%	0.07%
REGN	F	0.36%	0.44%	0.36%
ROP	B	0.06%	0.35%	0.06%
RSG	A	0.13%	0.26%	0.13%
RTX	C	0.22%	0.95%	0.22%
SBUX	A	0.09%	0.15%	0.09%
SCHW	B	0.05%	0.65%	0.05%
SHW	A	0.22%	0.05%	0.05%
SLB	C	0.01%	0.37%	0.01%
SO	D	0.13%	0.58%	0.13%
SPGI	C	0.29%	0.95%	0.29%
SRE	A	0.08%	0.35%	0.08%
STZ	D	0.06%	0.23%	0.06%
T	A	0.73%	0.98%	0.73%
TDG	D	0.15%	0.33%	0.15%
TFC	A	0.09%	0.37%	0.09%
TGT	F	0.74%	0.42%	0.42%
TJX	A	0.37%	0.33%	0.33%
TMO	F	0.28%	1.18%	0.28%
TMUS	B	0.43%	0.69%	0.43%
TRV	B	0.2%	0.36%	0.2%
TXN	C	0.29%	0.97%	0.29%
UNH	C	0.79%	3.06%	0.79%
UNP	C	0.51%	0.45%	0.45%
UPS	C	0.24%	0.59%	0.24%
USB	A	0.11%	0.47%	0.11%
VLO	C	0.16%	0.27%	0.16%
VRTX	F	0.22%	0.36%	0.22%
VZ	C	1.0%	1.06%	1.0%
WELL	A	0.12%	0.49%	0.12%
WFC	A	0.97%	1.57%	0.97%
WMT	A	1.71%	2.2%	1.71%
XOM	B	0.43%	3.23%	0.43%
ZTS	D	0.05%	0.08%	0.05%

MFUS Overweight 685 Positions Relative to IWX

Symbol	Grade	Weight
LLY	F	2.39%
META	D	2.35%
NVDA	C	1.9%
AMZN	C	1.71%
AVGO	D	1.59%
ORCL	B	1.52%
COST	B	1.35%
AAPL	C	0.96%
MRK	F	0.84%
NFLX	A	0.52%
KR	B	0.38%
NOW	A	0.36%
EBAY	D	0.36%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
THC	D	0.28%
WM	A	0.28%
MA	C	0.28%
HPQ	B	0.28%
CAH	B	0.27%
LHX	C	0.26%
ALL	A	0.26%
FICO	B	0.25%
PANW	C	0.25%
SFM	A	0.25%
ANF	C	0.25%
KLAC	D	0.23%
PLTR	B	0.23%
PRU	A	0.23%
VST	B	0.23%
ADM	D	0.22%
UBER	D	0.21%
BBY	D	0.21%
LII	A	0.21%
AFL	B	0.21%
GWW	B	0.21%
GLW	B	0.2%
CMG	B	0.2%
UTHR	C	0.19%
TSN	B	0.18%
BK	A	0.18%
AMP	A	0.18%
WSM	B	0.18%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
BR	A	0.17%
LRCX	F	0.17%
WSO	A	0.17%
GIS	D	0.17%
AJG	B	0.16%
RMD	C	0.16%
DVA	B	0.16%
MUSA	A	0.16%
SPG	B	0.16%
CASY	A	0.16%
VRSK	A	0.16%
MCO	B	0.15%
BAH	F	0.15%
IT	C	0.15%
K	A	0.15%
LYB	F	0.15%
CHRW	C	0.14%
ANET	C	0.14%
CMI	A	0.14%
VTRS	A	0.14%
BX	A	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
JNPR	F	0.13%
RPM	A	0.13%
AMT	D	0.13%
YUM	B	0.13%
IRM	D	0.12%
WBA	F	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
SYY	B	0.12%
CLX	B	0.12%
CW	B	0.11%
GEN	B	0.11%
KMI	A	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
CRS	A	0.11%
WTW	B	0.11%
HPE	B	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
PHM	D	0.1%
OKE	A	0.1%
COIN	C	0.1%
NTAP	C	0.1%
HLT	A	0.1%
AYI	B	0.1%
PKG	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
DGX	A	0.09%
TAP	C	0.09%
MLI	C	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%
TROW	B	0.09%
ADSK	A	0.09%
IP	B	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
HRB	D	0.08%
BKR	B	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	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%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	B	0.07%
EXP	A	0.07%
CHD	B	0.07%
CCI	D	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
MLM	B	0.07%
SKYW	B	0.07%
GEHC	F	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
NRG	B	0.07%
R	B	0.07%
BALL	D	0.07%
AEO	F	0.07%
STE	F	0.07%
OTIS	C	0.07%
TTWO	A	0.07%
FIS	C	0.07%
HCC	B	0.07%
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%
HIG	B	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	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%
TXRH	C	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%
OMC	C	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%
FANG	D	0.05%
FLEX	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%
WST	C	0.05%
GNTX	C	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
IDXX	F	0.05%
CBT	C	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%
HSY	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%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CRUS	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	C	0.04%
PSTG	D	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
ADBE	C	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%
PAYX	C	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%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	0.04%
STLD	B	0.04%
MAC	B	0.04%
CPB	D	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%
CRBG	B	0.04%
FITB	A	0.04%
EME	C	0.04%
HOOD	B	0.04%
JHG	A	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%
DCI	B	0.04%
WERN	C	0.04%
DOV	A	0.04%
COKE	C	0.03%
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%
FNF	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%
DRI	B	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%
TER	D	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%
AVB	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%
RL	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%
NYT	C	0.03%
BJ	A	0.03%
ACM	A	0.03%
MORN	B	0.03%
MANH	D	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%
CSL	C	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%
ODFL	B	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	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%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	0.02%
OC	A	0.02%
SXT	B	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
GWRE	A	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%
CINF	A	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%
RYN	D	0.02%
AKAM	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	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%
ACI	C	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%
RDN	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%
ESI	A	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%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	D	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%
TPR	B	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%
ADC	B	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	0.01%
GOLF	B	0.01%
FR	C	0.01%
DTM	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 28 Positions Relative to IWX

Symbol	Grade	Weight
LIN	D	-1.3%
DIS	B	-1.27%
ABT	B	-1.21%
ETN	A	-0.86%
HON	B	-0.76%
MDT	D	-0.68%
PLD	D	-0.63%
ADI	D	-0.62%
DE	A	-0.61%
SYK	C	-0.6%
GEV	B	-0.54%
BA	F	-0.49%
EQIX	A	-0.49%
EOG	A	-0.47%
AMD	F	-0.45%
APD	A	-0.43%
MRVL	B	-0.42%
CRH	A	-0.41%
FDX	B	-0.4%
TT	A	-0.37%
FCX	D	-0.37%
PCAR	B	-0.35%
CRM	B	-0.28%
EW	C	-0.2%
OXY	D	-0.2%
APO	B	-0.13%
MRNA	F	-0.07%
EL	F	-0.06%