MFUS vs. IYF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares U.S. Financial ETF (IYF)

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

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. 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 Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$117.73

Average Daily Volume

282,895

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IYF
30 Days	2.73%	8.74%
60 Days	3.41%	13.46%
90 Days	5.38%	15.36%
12 Months	32.49%	50.79%

101 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IYF	Overlap
AFL	B	0.21%	1.04%	0.21%
AGNC	D	0.04%	0.12%	0.04%
AIG	B	0.34%	0.82%	0.34%
AIZ	A	0.09%	0.19%	0.09%
AJG	B	0.16%	1.07%	0.16%
ALL	A	0.26%	0.86%	0.26%
ALLY	C	0.05%	0.17%	0.05%
AMG	B	0.06%	0.1%	0.06%
AMP	A	0.18%	0.94%	0.18%
AON	A	0.24%	1.24%	0.24%
ARES	A	0.09%	0.51%	0.09%
BAC	A	0.45%	4.69%	0.45%
BEN	C	0.02%	0.11%	0.02%
BHF	B	0.04%	0.06%	0.04%
BK	A	0.18%	0.97%	0.18%
BLK	C	0.19%	2.59%	0.19%
BR	A	0.17%	0.45%	0.17%
BRK.A	B	2.42%	11.69%	2.42%
BRO	B	0.12%	0.44%	0.12%
BX	A	0.13%	2.14%	0.13%
C	A	0.69%	2.2%	0.69%
CACC	D	0.01%	0.05%	0.01%
CB	C	0.16%	1.95%	0.16%
CBSH	A	0.01%	0.14%	0.01%
CFG	B	0.04%	0.35%	0.04%
CFR	B	0.01%	0.14%	0.01%
CG	A	0.03%	0.19%	0.03%
CINF	A	0.02%	0.39%	0.02%
CMA	A	0.04%	0.14%	0.04%
CME	A	0.14%	1.35%	0.14%
COIN	C	0.1%	1.01%	0.1%
DFS	B	0.1%	0.74%	0.1%
EQH	B	0.08%	0.2%	0.08%
EVR	B	0.13%	0.18%	0.13%
EWBC	A	0.02%	0.24%	0.02%
FAF	A	0.02%	0.11%	0.02%
FCNCA	A	0.06%	0.45%	0.06%
FDS	B	0.04%	0.31%	0.04%
FHN	A	0.01%	0.19%	0.01%
FITB	A	0.04%	0.54%	0.04%
FNF	B	0.03%	0.25%	0.03%
GS	A	0.41%	3.13%	0.41%
HBAN	A	0.03%	0.43%	0.03%
HIG	B	0.06%	0.58%	0.06%
HLI	B	0.08%	0.16%	0.08%
HOOD	B	0.04%	0.36%	0.04%
IBKR	A	0.06%	0.32%	0.06%
ICE	C	0.29%	1.48%	0.29%
IVZ	B	0.03%	0.11%	0.03%
JEF	A	0.03%	0.22%	0.03%
JHG	A	0.04%	0.1%	0.04%
JPM	A	0.99%	9.82%	0.99%
KEY	B	0.03%	0.3%	0.03%
KKR	A	0.15%	1.69%	0.15%
KMPR	B	0.03%	0.08%	0.03%
L	A	0.06%	0.26%	0.06%
LNC	B	0.03%	0.07%	0.03%
LPLA	A	0.07%	0.39%	0.07%
MCO	B	0.15%	1.25%	0.15%
MET	A	0.32%	0.82%	0.32%
MKTX	D	0.02%	0.16%	0.02%
MMC	B	0.2%	1.83%	0.2%
MORN	B	0.03%	0.15%	0.03%
MS	A	0.22%	2.6%	0.22%
MSCI	C	0.07%	0.76%	0.07%
MTB	A	0.04%	0.6%	0.04%
MTG	C	0.02%	0.11%	0.02%
NDAQ	A	0.05%	0.54%	0.05%
NTRS	A	0.03%	0.36%	0.03%
OMF	A	0.03%	0.11%	0.03%
PB	A	0.01%	0.12%	0.01%
PFG	D	0.01%	0.33%	0.01%
PGR	A	0.59%	2.5%	0.59%
PNC	B	0.12%	1.38%	0.12%
PRU	A	0.23%	0.77%	0.23%
RF	A	0.02%	0.41%	0.02%
RGA	A	0.06%	0.26%	0.06%
RKT	F	0.01%	0.03%	0.01%
RLI	B	0.03%	0.12%	0.03%
SCHW	B	0.05%	2.01%	0.05%
SEIC	B	0.09%	0.13%	0.09%
SF	B	0.02%	0.2%	0.02%
SLM	A	0.06%	0.09%	0.06%
SNV	B	0.02%	0.14%	0.02%
SPGI	C	0.29%	2.63%	0.29%
TFC	A	0.09%	1.04%	0.09%
THG	A	0.05%	0.1%	0.05%
TROW	B	0.09%	0.44%	0.09%
TRV	B	0.2%	1.0%	0.2%
TW	A	0.06%	0.25%	0.06%
UNM	A	0.04%	0.21%	0.04%
USB	A	0.11%	1.3%	0.11%
VIRT	B	0.06%	0.05%	0.05%
WAL	B	0.02%	0.16%	0.02%
WBS	A	0.02%	0.18%	0.02%
WFC	A	0.97%	4.36%	0.97%
WRB	A	0.02%	0.3%	0.02%
WTFC	A	0.01%	0.15%	0.01%
WTM	A	0.04%	0.09%	0.04%
WTW	B	0.11%	0.53%	0.11%
ZION	B	0.02%	0.14%	0.02%

MFUS Overweight 714 Positions Relative to IYF

Symbol	Grade	Weight
LLY	F	2.39%
META	D	2.35%
NVDA	C	1.9%
WMT	A	1.71%
AMZN	C	1.71%
AVGO	D	1.59%
ORCL	B	1.52%
ABBV	D	1.36%
COST	B	1.35%
JNJ	D	1.18%
IBM	C	1.05%
PG	A	1.01%
VZ	C	1.0%
KO	D	1.0%
AAPL	C	0.96%
AMGN	D	0.94%
GILD	C	0.87%
PM	B	0.87%
MRK	F	0.84%
UNH	C	0.79%
QCOM	F	0.77%
LMT	D	0.75%
PEP	F	0.74%
TGT	F	0.74%
MO	A	0.73%
T	A	0.73%
CSCO	B	0.68%
CVS	D	0.65%
MCK	B	0.63%
HD	A	0.62%
MMM	D	0.6%
PFE	D	0.57%
GE	D	0.56%
AMAT	F	0.55%
MCD	D	0.53%
NFLX	A	0.52%
UNP	C	0.51%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
BMY	B	0.41%
GM	B	0.4%
CVX	A	0.39%
KR	B	0.38%
TJX	A	0.37%
NOW	A	0.36%
EBAY	D	0.36%
REGN	F	0.36%
CL	D	0.35%
LOW	D	0.35%
NOC	D	0.35%
MPC	D	0.34%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
TXN	C	0.29%
COF	B	0.29%
THC	D	0.28%
WM	A	0.28%
MA	C	0.28%
HPQ	B	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
LHX	C	0.26%
FICO	B	0.25%
ACN	C	0.25%
PANW	C	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	C	0.25%
DHR	F	0.24%
GD	F	0.24%
UPS	C	0.24%
KLAC	D	0.23%
AXP	A	0.23%
MDLZ	F	0.23%
PLTR	B	0.23%
PSX	C	0.23%
VST	B	0.23%
RTX	C	0.22%
SHW	A	0.22%
NEE	D	0.22%
ADM	D	0.22%
VRTX	F	0.22%
UBER	D	0.21%
BBY	D	0.21%
LII	A	0.21%
GWW	B	0.21%
MSI	B	0.2%
GLW	B	0.2%
INTC	D	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
FI	A	0.19%
UTHR	C	0.19%
CTAS	B	0.19%
TSN	B	0.18%
WSM	B	0.18%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
LRCX	F	0.17%
WSO	A	0.17%
GIS	D	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	B	0.16%
MUSA	A	0.16%
VLO	C	0.16%
KMB	D	0.16%
SPG	B	0.16%
CMCSA	B	0.16%
CASY	A	0.16%
VRSK	A	0.16%
TDG	D	0.15%
BAH	F	0.15%
KHC	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%
PH	A	0.14%
SO	D	0.13%
DPZ	C	0.13%
FAST	B	0.13%
DUK	C	0.13%
JNPR	F	0.13%
RSG	A	0.13%
RPM	A	0.13%
AMT	D	0.13%
CI	F	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
GDDY	A	0.12%
PWR	A	0.12%
SYY	B	0.12%
PYPL	B	0.12%
APH	A	0.12%
CLX	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
CRS	A	0.11%
HPE	B	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
ADP	B	0.11%
FOXA	B	0.11%
BDX	F	0.11%
PHM	D	0.1%
OKE	A	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%
ITW	B	0.1%
JKHY	D	0.1%
RCL	A	0.1%
XYL	D	0.1%
DGX	A	0.09%
CPRT	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	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%
CACI	D	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%
SBUX	A	0.09%
HRB	D	0.08%
BKR	B	0.08%
AEP	D	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	0.08%
ECL	D	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%
ITT	A	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
EXC	C	0.07%
SCI	B	0.07%
UFPI	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
CHD	B	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
NSC	B	0.07%
D	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%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	F	0.07%
OTIS	C	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%
BC	C	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%
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%
UHS	D	0.06%
CMC	B	0.06%
PEG	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%
PK	B	0.06%
TXRH	C	0.06%
DHI	D	0.06%
TTC	D	0.06%
FFIV	B	0.06%
AN	C	0.06%
MSM	C	0.06%
OMC	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%
FANG	D	0.05%
FLEX	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%
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%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
ZTS	D	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%
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%
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%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	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%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
PTC	A	0.04%
OGN	D	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%
EME	C	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%
MAR	B	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%
LZB	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%
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%
AVTR	F	0.03%
RPRX	D	0.03%
BURL	A	0.03%
X	C	0.03%
TER	D	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
CDW	F	0.03%
WHR	B	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%
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%
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%
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%
BHE	B	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
PHIN	A	0.02%
ATO	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
APG	B	0.02%
DOW	F	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%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
CE	F	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%
TFX	F	0.02%
GEF	A	0.02%
MSA	D	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%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	D	0.01%
IGT	F	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%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	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%
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%
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%
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%
SLB	C	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 34 Positions Relative to IYF

Symbol	Grade	Weight
APO	B	-1.43%
ACGL	D	-0.61%
RJF	A	-0.51%
STT	A	-0.48%
MKL	A	-0.37%
CBOE	B	-0.35%
EG	C	-0.27%
SOFI	A	-0.24%
RNR	C	-0.22%
OWL	A	-0.19%
PRI	A	-0.18%
GL	B	-0.17%
NLY	C	-0.17%
AFG	A	-0.17%
KNSL	B	-0.17%
PNFP	B	-0.16%
ORI	A	-0.16%
VOYA	B	-0.14%
RYAN	B	-0.13%
AXS	A	-0.12%
BPOP	B	-0.12%
COLB	A	-0.11%
TPG	A	-0.1%
RITM	C	-0.1%
STWD	C	-0.1%
FNB	A	-0.1%
LAZ	B	-0.1%
OZK	B	-0.09%
AGO	B	-0.08%
FHB	A	-0.06%
BOKF	B	-0.04%
CNA	B	-0.02%
UWMC	D	-0.01%
TFSL	A	-0.01%