MFUS vs. JCTR ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to JPMorgan Carbon Transition U.S. Equity ETF (JCTR)

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

$51.71

Average Daily Volume

5,422

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

JCTR

JPMorgan Carbon Transition U.S. Equity ETF

JCTR Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JPMorgan Asset Management Carbon Transition U.S. Equity Index. The fund will invest at least 80% of its assets in securities included in index. The index is designed to capture the performance of companies which have been identified through its rules-based process as better positioned to benefit from a transition to a lower carbon economy while also providing broader U.S. market exposure.

Grade (RS Rating)

Last Trade

$80.78

Average Daily Volume

153

Number of Holdings ^*

428

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JCTR
30 Days	1.40%	2.46%
60 Days	3.06%	4.91%
90 Days	4.64%	6.44%
12 Months	31.57%	32.44%

292 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in JCTR	Overlap
A	D	0.05%	0.14%	0.05%
AAPL	C	0.96%	6.45%	0.96%
ABBV	F	1.36%	0.4%	0.4%
ACI	C	0.01%	0.03%	0.01%
ACM	B	0.03%	0.05%	0.03%
ACN	B	0.25%	0.71%	0.25%
ADBE	C	0.04%	0.69%	0.04%
ADM	D	0.22%	0.08%	0.08%
ADP	A	0.11%	0.47%	0.11%
ADSK	A	0.09%	0.25%	0.09%
AFL	B	0.21%	0.23%	0.21%
AGNC	C	0.04%	0.02%	0.02%
AIG	B	0.34%	0.17%	0.17%
AJG	A	0.16%	0.24%	0.16%
ALLY	C	0.05%	0.04%	0.04%
ALNY	D	0.06%	0.12%	0.06%
AMAT	F	0.55%	0.5%	0.5%
AMG	B	0.06%	0.02%	0.02%
AMGN	F	0.94%	0.55%	0.55%
AMH	C	0.04%	0.04%	0.04%
AMT	C	0.13%	0.02%	0.02%
AMZN	C	1.71%	3.43%	1.71%
ANET	C	0.14%	0.37%	0.14%
ANSS	B	0.05%	0.11%	0.05%
AON	A	0.24%	0.28%	0.24%
AR	B	0.05%	0.07%	0.05%
ARES	A	0.09%	0.1%	0.09%
AVB	B	0.03%	0.12%	0.03%
AVGO	D	1.59%	1.69%	1.59%
AVY	F	0.09%	0.06%	0.06%
AXP	A	0.23%	0.6%	0.23%
AYI	B	0.1%	0.04%	0.04%
AZO	C	0.28%	0.12%	0.12%
BAC	A	0.45%	0.41%	0.41%
BAH	F	0.15%	0.07%	0.07%
BBWI	C	0.01%	0.03%	0.01%
BHF	C	0.04%	0.0%	0.0%
BKNG	A	0.42%	0.68%	0.42%
BLK	B	0.19%	0.22%	0.19%
BRK.A	B	2.42%	0.95%	0.95%
BSX	A	0.2%	0.48%	0.2%
BX	A	0.13%	0.43%	0.13%
BXP	C	0.02%	0.04%	0.02%
C	A	0.69%	0.49%	0.49%
CAG	F	0.04%	0.04%	0.04%
CARR	C	0.05%	0.21%	0.05%
CASY	A	0.16%	0.05%	0.05%
CAT	B	0.2%	0.68%	0.2%
CB	C	0.16%	0.43%	0.16%
CBRE	B	0.05%	0.15%	0.05%
CCI	C	0.07%	0.15%	0.07%
CDW	F	0.03%	0.09%	0.03%
CE	F	0.02%	0.03%	0.02%
CHD	A	0.07%	0.1%	0.07%
CHRW	B	0.14%	0.04%	0.04%
CI	D	0.13%	0.31%	0.13%
CLH	C	0.04%	0.05%	0.04%
CLX	A	0.12%	0.08%	0.08%
CMCSA	B	0.16%	0.34%	0.16%
CME	B	0.14%	0.3%	0.14%
CMG	B	0.2%	0.31%	0.2%
CMI	A	0.14%	0.11%	0.11%
COF	C	0.29%	0.26%	0.26%
COP	C	0.07%	0.74%	0.07%
COR	B	0.17%	0.15%	0.15%
COST	A	1.35%	0.56%	0.56%
CPB	D	0.04%	0.03%	0.03%
CPRI	F	0.01%	0.01%	0.01%
CPRT	B	0.09%	0.17%	0.09%
CROX	D	0.01%	0.02%	0.01%
CSCO	B	0.68%	0.77%	0.68%
CSL	C	0.02%	0.07%	0.02%
CTAS	B	0.19%	0.28%	0.19%
CUBE	C	0.04%	0.04%	0.04%
CVS	D	0.65%	0.26%	0.26%
CVX	A	0.39%	0.27%	0.27%
CWEN	C	0.01%	0.02%	0.01%
DECK	A	0.17%	0.1%	0.1%
DFS	B	0.1%	0.16%	0.1%
DHI	F	0.06%	0.18%	0.06%
DHR	F	0.24%	0.2%	0.2%
DLB	B	0.02%	0.02%	0.02%
DLR	B	0.09%	0.02%	0.02%
DOV	A	0.04%	0.1%	0.04%
DUK	C	0.13%	0.02%	0.02%
EA	A	0.18%	0.16%	0.16%
EBAY	D	0.36%	0.11%	0.11%
ECL	D	0.08%	0.23%	0.08%
ED	C	0.05%	0.12%	0.05%
EFX	F	0.11%	0.12%	0.11%
EIX	B	0.05%	0.13%	0.05%
ELS	C	0.04%	0.03%	0.03%
ELV	F	0.16%	0.32%	0.16%
EMR	B	0.09%	0.28%	0.09%
ES	C	0.03%	0.16%	0.03%
ESI	B	0.01%	0.03%	0.01%
ESS	B	0.04%	0.07%	0.04%
EXC	C	0.07%	0.14%	0.07%
EXPD	C	0.11%	0.06%	0.06%
EXR	C	0.11%	0.13%	0.11%
FANG	C	0.05%	0.24%	0.05%
FCN	F	0.05%	0.02%	0.02%
FE	C	0.03%	0.03%	0.03%
FI	A	0.19%	0.45%	0.19%
FIS	C	0.07%	0.19%	0.07%
FLO	D	0.04%	0.02%	0.02%
FOXA	A	0.11%	0.06%	0.06%
FTNT	C	0.07%	0.22%	0.07%
G	B	0.06%	0.03%	0.03%
GEN	B	0.11%	0.06%	0.06%
GGG	B	0.03%	0.05%	0.03%
GILD	C	0.87%	0.43%	0.43%
GIS	D	0.17%	0.13%	0.13%
GME	C	0.02%	0.04%	0.02%
GNRC	C	0.06%	0.05%	0.05%
GNTX	C	0.05%	0.01%	0.01%
GS	A	0.41%	0.68%	0.41%
GWRE	A	0.02%	0.06%	0.02%
GWW	B	0.21%	0.19%	0.19%
HD	B	0.62%	1.05%	0.62%
HIG	B	0.06%	0.1%	0.06%
HLT	A	0.1%	0.15%	0.1%
HOLX	D	0.03%	0.07%	0.03%
HOOD	B	0.04%	0.08%	0.04%
HSY	F	0.05%	0.1%	0.05%
HUBB	B	0.03%	0.09%	0.03%
HUN	F	0.0%	0.02%	0.0%
HXL	F	0.03%	0.01%	0.01%
IBKR	A	0.06%	0.07%	0.06%
IBM	C	1.05%	0.54%	0.54%
ICE	C	0.29%	0.33%	0.29%
IDXX	F	0.05%	0.13%	0.05%
IEX	C	0.09%	0.07%	0.07%
IFF	D	0.03%	0.09%	0.03%
INCY	C	0.01%	0.05%	0.01%
INGR	C	0.07%	0.03%	0.03%
INTC	C	0.2%	0.04%	0.04%
IPG	D	0.04%	0.04%	0.04%
IR	B	0.09%	0.15%	0.09%
ISRG	A	0.29%	0.67%	0.29%
IT	C	0.15%	0.15%	0.15%
ITW	B	0.1%	0.3%	0.1%
JEF	A	0.03%	0.05%	0.03%
JKHY	D	0.1%	0.04%	0.04%
JLL	D	0.06%	0.04%	0.04%
JNJ	C	1.18%	0.68%	0.68%
K	A	0.15%	0.07%	0.07%
KDP	F	0.07%	0.13%	0.07%
KHC	F	0.15%	0.09%	0.09%
KIM	A	0.02%	0.06%	0.02%
KKR	A	0.15%	0.34%	0.15%
KLAC	F	0.23%	0.32%	0.23%
KMB	C	0.16%	0.14%	0.14%
KR	B	0.38%	0.13%	0.13%
LAD	A	0.02%	0.04%	0.02%
LEN	D	0.06%	0.16%	0.06%
LII	A	0.21%	0.07%	0.07%
LLY	F	2.39%	1.42%	1.42%
LOW	C	0.35%	0.09%	0.09%
LPLA	A	0.07%	0.08%	0.07%
LRCX	F	0.17%	0.06%	0.06%
LSTR	D	0.09%	0.02%	0.02%
LW	C	0.03%	0.04%	0.03%
MA	B	0.28%	1.14%	0.28%
MAN	F	0.03%	0.01%	0.01%
MAR	A	0.04%	0.19%	0.04%
MAS	D	0.06%	0.07%	0.06%
MCD	D	0.53%	0.69%	0.53%
MCK	A	0.63%	0.3%	0.3%
MCO	B	0.15%	0.29%	0.15%
MET	A	0.32%	0.18%	0.18%
META	D	2.35%	1.96%	1.96%
MKC	C	0.05%	0.07%	0.05%
MKSI	C	0.01%	0.02%	0.01%
MKTX	D	0.02%	0.04%	0.02%
MMC	B	0.2%	0.02%	0.02%
MNST	C	0.07%	0.15%	0.07%
MORN	B	0.03%	0.03%	0.03%
MRK	D	0.84%	0.32%	0.32%
MS	A	0.22%	0.57%	0.22%
MSA	F	0.02%	0.02%	0.02%
MSCI	C	0.07%	0.17%	0.07%
MSI	B	0.2%	0.3%	0.2%
MTD	F	0.08%	0.11%	0.08%
MU	D	0.16%	0.08%	0.08%
NDAQ	A	0.05%	0.11%	0.05%
NDSN	B	0.04%	0.05%	0.04%
NEE	C	0.22%	0.55%	0.22%
NEM	D	0.16%	0.16%	0.16%
NFG	A	0.05%	0.02%	0.02%
NFLX	A	0.52%	1.01%	0.52%
NI	A	0.02%	0.06%	0.02%
NKE	F	0.06%	0.34%	0.06%
NOW	A	0.36%	0.74%	0.36%
NVDA	B	1.9%	6.75%	1.9%
O	C	0.05%	0.18%	0.05%
OHI	C	0.02%	0.04%	0.02%
OKE	A	0.1%	0.46%	0.1%
OMC	C	0.06%	0.08%	0.06%
ORCL	A	1.52%	0.33%	0.33%
OTIS	C	0.07%	0.15%	0.07%
PAG	B	0.02%	0.02%	0.02%
PANW	B	0.25%	0.45%	0.25%
PAYX	B	0.04%	0.17%	0.04%
PEG	A	0.06%	0.16%	0.06%
PFE	F	0.57%	0.11%	0.11%
PGR	A	0.59%	0.56%	0.56%
PH	A	0.14%	0.34%	0.14%
PHM	D	0.1%	0.1%	0.1%
PINC	B	0.03%	0.0%	0.0%
PLTR	B	0.23%	0.44%	0.23%
POOL	C	0.07%	0.05%	0.05%
POST	C	0.05%	0.02%	0.02%
PRU	A	0.23%	0.17%	0.17%
PSA	C	0.09%	0.2%	0.09%
PSTG	D	0.04%	0.05%	0.04%
PTC	B	0.04%	0.09%	0.04%
PYPL	B	0.12%	0.33%	0.12%
QCOM	F	0.77%	0.2%	0.2%
REGN	F	0.36%	0.3%	0.3%
RGA	A	0.06%	0.06%	0.06%
RHI	C	0.02%	0.03%	0.02%
RL	C	0.03%	0.02%	0.02%
RMD	C	0.16%	0.13%	0.13%
ROP	B	0.06%	0.22%	0.06%
RSG	A	0.13%	0.16%	0.13%
RYN	D	0.02%	0.02%	0.02%
SBAC	D	0.03%	0.09%	0.03%
SBUX	A	0.09%	0.02%	0.02%
SCCO	F	0.0%	0.03%	0.0%
SCHW	B	0.05%	0.44%	0.05%
SHW	B	0.22%	0.12%	0.12%
SJM	D	0.04%	0.04%	0.04%
SKX	D	0.02%	0.02%	0.02%
SLB	C	0.01%	0.45%	0.01%
SLM	A	0.06%	0.02%	0.02%
SMCI	F	0.05%	0.03%	0.03%
SMG	C	0.04%	0.0%	0.0%
SPG	A	0.16%	0.21%	0.16%
SPGI	C	0.29%	0.56%	0.29%
SQ	A	0.06%	0.17%	0.06%
SRE	A	0.08%	0.19%	0.08%
STZ	D	0.06%	0.13%	0.06%
SYF	B	0.31%	0.1%	0.1%
SYY	D	0.12%	0.12%	0.12%
T	A	0.73%	0.16%	0.16%
TAP	C	0.09%	0.03%	0.03%
TJX	A	0.37%	0.05%	0.05%
TMO	F	0.28%	0.22%	0.22%
TPR	B	0.01%	0.04%	0.01%
TRGP	A	0.11%	0.31%	0.11%
TRV	B	0.2%	0.22%	0.2%
TSCO	D	0.11%	0.11%	0.11%
TSN	B	0.18%	0.06%	0.06%
TTEK	F	0.01%	0.04%	0.01%
TTWO	A	0.07%	0.11%	0.07%
TW	A	0.06%	0.05%	0.05%
TXN	C	0.29%	0.16%	0.16%
TYL	B	0.08%	0.1%	0.08%
UBER	F	0.21%	0.49%	0.21%
UDR	B	0.03%	0.05%	0.03%
UGI	C	0.01%	0.02%	0.01%
ULTA	F	0.04%	0.07%	0.04%
UNH	B	0.79%	1.16%	0.79%
UNP	C	0.51%	0.09%	0.09%
URI	C	0.09%	0.21%	0.09%
USFD	A	0.05%	0.05%	0.05%
V	A	0.31%	1.21%	0.31%
VFC	C	0.02%	0.03%	0.02%
VLTO	C	0.04%	0.09%	0.04%
VNT	C	0.01%	0.02%	0.01%
VRSK	A	0.16%	0.3%	0.16%
VRTX	D	0.22%	0.46%	0.22%
VVV	D	0.02%	0.02%	0.02%
VZ	C	1.0%	0.15%	0.15%
WAB	B	0.05%	0.13%	0.05%
WAT	C	0.05%	0.08%	0.05%
WBA	F	0.12%	0.02%	0.02%
WCC	B	0.09%	0.03%	0.03%
WEN	D	0.05%	0.02%	0.02%
WFC	A	0.97%	0.25%	0.25%
WHR	B	0.03%	0.02%	0.02%
WM	B	0.28%	0.33%	0.28%
WMB	A	0.1%	0.49%	0.1%
WMT	A	1.71%	0.48%	0.48%
WPC	C	0.03%	0.04%	0.03%
WRB	A	0.02%	0.07%	0.02%
WSM	C	0.18%	0.06%	0.06%
WU	F	0.06%	0.02%	0.02%
XYL	D	0.1%	0.11%	0.1%
YUM	D	0.13%	0.14%	0.13%
ZBRA	B	0.04%	0.07%	0.04%

MFUS Overweight 523 Positions Relative to JCTR

Symbol	Grade	Weight
PG	C	1.01%
KO	D	1.0%
JPM	A	0.99%
PM	B	0.87%
LMT	D	0.75%
PEP	F	0.74%
TGT	F	0.74%
MO	A	0.73%
MMM	D	0.6%
GE	D	0.56%
XOM	B	0.43%
TMUS	B	0.43%
BMY	B	0.41%
GM	C	0.4%
CL	D	0.35%
NOC	D	0.35%
MPC	D	0.34%
CHTR	C	0.3%
THC	D	0.28%
HPQ	B	0.28%
CAH	B	0.27%
LHX	C	0.26%
ALL	A	0.26%
FICO	B	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	F	0.25%
GD	D	0.24%
UPS	C	0.24%
MDLZ	F	0.23%
PSX	C	0.23%
VST	A	0.23%
RTX	D	0.22%
BBY	D	0.21%
GLW	B	0.2%
ORLY	B	0.2%
UTHR	C	0.19%
BK	A	0.18%
AMP	A	0.18%
HWM	A	0.17%
BR	A	0.17%
WSO	A	0.17%
F	C	0.16%
DVA	C	0.16%
MUSA	B	0.16%
VLO	C	0.16%
TDG	D	0.15%
LYB	F	0.15%
VTRS	A	0.14%
SO	C	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
JNPR	D	0.13%
RPM	A	0.13%
IRM	C	0.12%
WELL	A	0.12%
PNC	B	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
APH	A	0.12%
CW	C	0.11%
CEG	C	0.11%
KMI	A	0.11%
USB	A	0.11%
CRS	B	0.11%
WTW	B	0.11%
HPE	B	0.11%
DASH	B	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
CSX	C	0.11%
APP	B	0.11%
LDOS	C	0.11%
BDX	F	0.11%
COIN	C	0.1%
NTAP	C	0.1%
PKG	A	0.1%
JXN	C	0.1%
DD	C	0.1%
RCL	A	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TFC	A	0.09%
DGX	A	0.09%
MLI	B	0.09%
DG	F	0.09%
CALM	A	0.09%
TROW	B	0.09%
IP	A	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	C	0.09%
NVR	D	0.09%
GPI	B	0.09%
HRB	D	0.08%
BKR	A	0.08%
AEP	C	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	D	0.08%
AOS	F	0.08%
SLG	B	0.08%
NUE	C	0.08%
GPK	C	0.08%
ABG	C	0.08%
ATR	B	0.08%
HLI	A	0.08%
ITT	A	0.08%
EQH	C	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
SCI	B	0.07%
UFPI	C	0.07%
JCI	B	0.07%
EXP	B	0.07%
BCC	B	0.07%
NSC	B	0.07%
D	C	0.07%
MLM	C	0.07%
SKYW	C	0.07%
GEHC	D	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	C	0.07%
THO	B	0.07%
NRG	B	0.07%
R	B	0.07%
BALL	F	0.07%
AEO	F	0.07%
STE	D	0.07%
HCC	B	0.07%
VIRT	A	0.06%
BC	C	0.06%
GAP	C	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	C	0.06%
LECO	C	0.06%
CPT	B	0.06%
BERY	C	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	D	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%
L	A	0.06%
PK	C	0.06%
TXRH	B	0.06%
TTC	C	0.06%
FFIV	B	0.06%
AN	C	0.06%
MSM	C	0.06%
TOL	B	0.06%
TDS	B	0.05%
CNO	B	0.05%
PRIM	A	0.05%
FLEX	B	0.05%
THG	A	0.05%
ETR	B	0.05%
NSIT	F	0.05%
LOPE	C	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	C	0.05%
TGNA	B	0.05%
WST	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	F	0.05%
SLGN	A	0.05%
COOP	B	0.05%
ZTS	D	0.05%
TEX	F	0.05%
LAMR	C	0.05%
KD	B	0.05%
CBT	D	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
MMS	F	0.05%
BTU	B	0.05%
SON	F	0.04%
AVT	C	0.04%
OSK	C	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
EQR	C	0.04%
PPL	A	0.04%
AWI	A	0.04%
SEM	B	0.04%
CRUS	D	0.04%
CXW	C	0.04%
INVH	D	0.04%
JWN	D	0.04%
CTVA	C	0.04%
BDC	C	0.04%
SLVM	B	0.04%
WH	B	0.04%
FL	F	0.04%
MTB	A	0.04%
EMN	C	0.04%
OLN	F	0.04%
CFG	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	B	0.04%
SANM	B	0.04%
VTR	B	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	C	0.04%
BAX	F	0.04%
NWSA	A	0.04%
WTM	A	0.04%
OGN	F	0.04%
ATI	C	0.04%
STLD	B	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
FITB	B	0.04%
EME	A	0.04%
JHG	B	0.04%
CMA	B	0.04%
UNM	A	0.04%
RS	B	0.04%
PPG	F	0.04%
AROC	A	0.04%
ABM	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
KMPR	A	0.03%
LZB	B	0.03%
KEY	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	F	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	B	0.03%
MRO	B	0.03%
LNC	C	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	B	0.03%
X	B	0.03%
NTRS	A	0.03%
TER	F	0.03%
DELL	B	0.03%
PLXS	B	0.03%
CG	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	F	0.03%
JBL	C	0.03%
AVA	A	0.03%
DBRG	F	0.03%
CMS	C	0.03%
HSIC	C	0.03%
COHR	B	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	A	0.03%
BLD	D	0.03%
DDS	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%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	B	0.03%
TPX	B	0.03%
NYT	D	0.03%
BJ	A	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	C	0.02%
KEX	B	0.02%
LEG	F	0.02%
TTMI	C	0.02%
VSH	F	0.02%
SSNC	B	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
AA	A	0.02%
SF	B	0.02%
BHE	C	0.02%
BRKR	D	0.02%
GT	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	B	0.02%
ANDE	D	0.02%
ZION	B	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	C	0.02%
NSP	F	0.02%
HP	C	0.02%
ODFL	C	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
REZI	A	0.02%
PMT	C	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	C	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
NAVI	F	0.02%
WMS	F	0.02%
LNW	F	0.02%
PNR	A	0.02%
EPC	F	0.02%
M	F	0.02%
MAA	B	0.02%
LNT	A	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	C	0.02%
THS	D	0.02%
CC	C	0.02%
NWL	C	0.02%
MDU	D	0.02%
OC	A	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	C	0.02%
SAM	C	0.02%
CTLT	C	0.02%
PSN	D	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
CINF	A	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	C	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
FAF	A	0.02%
SBH	C	0.02%
HII	F	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	A	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%
NEU	D	0.02%
GHC	B	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	D	0.01%
NOV	C	0.01%
KNX	C	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	F	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%
ECPG	C	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	C	0.01%
SEB	F	0.01%
RDN	D	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	A	0.01%
SHO	D	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	B	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	F	0.01%
WAFD	B	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	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%
ESNT	F	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	C	0.01%
ONB	C	0.01%
CBSH	B	0.01%
WWD	C	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	F	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	C	0.01%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	D	0.01%
ALGN	D	0.01%
ADC	A	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	D	0.01%
DTM	A	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
TDC	D	0.01%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 136 Positions Relative to JCTR

Symbol	Grade	Weight
MSFT	D	-5.71%
GOOGL	C	-3.03%
TSLA	B	-1.98%
LIN	C	-0.67%
AMD	F	-0.66%
INTU	B	-0.66%
SYK	B	-0.51%
PLD	F	-0.39%
DE	B	-0.34%
CRM	B	-0.33%
SNPS	B	-0.31%
TT	A	-0.31%
CDNS	B	-0.3%
MRVL	B	-0.29%
APO	B	-0.29%
SPOT	B	-0.24%
ABNB	C	-0.22%
PCAR	B	-0.22%
AWK	C	-0.19%
ABT	B	-0.19%
HAL	C	-0.19%
NU	C	-0.18%
AME	A	-0.17%
DIS	B	-0.17%
EW	C	-0.15%
TEAM	A	-0.15%
LULU	C	-0.15%
FSLR	F	-0.15%
IQV	F	-0.14%
DDOG	A	-0.14%
VEEV	C	-0.13%
ROK	C	-0.13%
EOG	A	-0.13%
HUBS	A	-0.13%
ACGL	C	-0.12%
DXCM	C	-0.11%
GPN	B	-0.11%
CSGP	D	-0.11%
KEYS	A	-0.1%
NET	B	-0.1%
TDY	B	-0.08%
CBOE	C	-0.08%
EXPE	B	-0.08%
TWLO	A	-0.07%
SNA	A	-0.07%
LYV	A	-0.07%
MDB	B	-0.07%
TRU	D	-0.07%
ROST	D	-0.06%
PINS	F	-0.06%
RBA	A	-0.06%
ENPH	F	-0.06%
EPAM	B	-0.06%
NTRA	A	-0.06%
TRMB	B	-0.06%
TOST	B	-0.06%
CNP	A	-0.06%
PODD	C	-0.06%
GLOB	B	-0.05%
MRNA	F	-0.05%
REG	A	-0.05%
RNR	C	-0.05%
ALB	B	-0.05%
Z	A	-0.05%
EG	C	-0.05%
EL	F	-0.05%
HAS	D	-0.04%
OKTA	C	-0.04%
MTZ	B	-0.04%
SSD	F	-0.04%
FND	D	-0.04%
WFRD	D	-0.04%
NVT	B	-0.04%
FRT	B	-0.04%
FLS	B	-0.04%
PCTY	C	-0.04%
AFRM	A	-0.04%
BG	D	-0.04%
WTRG	B	-0.04%
PRI	B	-0.04%
PFGC	B	-0.04%
DAY	B	-0.04%
ALLE	C	-0.04%
KMX	B	-0.04%
FMC	D	-0.03%
LYFT	C	-0.03%
CFLT	B	-0.03%
WEX	D	-0.03%
CNH	C	-0.03%
LSCC	D	-0.03%
RGEN	D	-0.03%
CIEN	C	-0.03%
HES	B	-0.03%
REXR	F	-0.03%
ONTO	F	-0.03%
ZS	B	-0.03%
ADI	D	-0.03%
GPC	D	-0.03%
MDT	D	-0.03%
U	C	-0.02%
YETI	D	-0.02%
STAG	D	-0.02%
CGNX	D	-0.02%
COTY	F	-0.02%
BSY	F	-0.02%
HAYW	B	-0.02%
DV	C	-0.02%
MTCH	D	-0.02%
STWD	C	-0.02%
MIDD	C	-0.02%
ETSY	D	-0.02%
PLNT	A	-0.02%
ASH	F	-0.02%
XP	F	-0.02%
AXS	A	-0.02%
FRPT	A	-0.02%
OLED	F	-0.02%
PATH	C	-0.02%
BRX	A	-0.02%
AL	B	-0.02%
NFE	D	-0.01%
SIRI	C	-0.01%
CHH	A	-0.01%
PEGA	B	-0.01%
AGR	A	-0.01%
TPG	A	-0.01%
DNB	B	-0.01%
CERT	F	-0.01%
COLM	C	-0.01%
IONS	F	-0.01%
ENOV	C	-0.01%
ELF	C	-0.01%
ZI	D	-0.01%
IRDM	D	-0.01%
W	D	-0.01%
MPW	F	-0.0%