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

$50.22

Average Daily Volume

7,364

Number of Holdings ^*

780

* 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

$77.17

Average Daily Volume

493

Number of Holdings ^*

403

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JCTR
30 Days	3.10%	2.34%
60 Days	4.82%	4.40%
90 Days	5.74%	4.83%
12 Months	28.93%	30.53%

256 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in JCTR	Overlap
	A	C	0.05%	0.16%	0.05%
	AAPL	C	0.67%	6.7%	0.67%
	ABBV	C	1.34%	0.45%	0.45%
	ACM	B	0.04%	0.05%	0.04%
	ACN	C	0.19%	0.79%	0.19%
	ADBE	F	0.04%	0.84%	0.04%
	ADP	B	0.09%	0.45%	0.09%
	ADSK	C	0.09%	0.22%	0.09%
	AFL	C	0.19%	0.24%	0.19%
	AGNC	B	0.04%	0.03%	0.03%
	AIG	D	0.42%	0.19%	0.19%
	AJG	D	0.09%	0.25%	0.09%
	ALLY	F	0.1%	0.03%	0.03%
	AMAT	D	0.44%	0.53%	0.44%
	AMG	C	0.05%	0.01%	0.01%
	AMGN	B	1.03%	0.67%	0.67%
	AMH	C	0.04%	0.05%	0.04%
	AMZN	C	1.27%	3.18%	1.27%
	ANET	B	0.12%	0.35%	0.12%
	ANSS	D	0.05%	0.11%	0.05%
	AON	B	0.19%	0.27%	0.19%
	APO	C	0.1%	0.22%	0.1%
	AR	F	0.04%	0.03%	0.03%
	ARES	B	0.09%	0.1%	0.09%
	AVGO	C	1.34%	1.66%	1.34%
	AVY	C	0.1%	0.07%	0.07%
	AXP	B	0.19%	0.57%	0.19%
	AYI	B	0.07%	0.02%	0.02%
	AZO	D	0.3%	0.11%	0.11%
	BAC	D	0.39%	0.33%	0.33%
	BAH	C	0.14%	0.08%	0.08%
	BBWI	F	0.02%	0.02%	0.02%
	BHF	F	0.03%	0.02%	0.02%
	BKNG	C	0.47%	0.55%	0.47%
	BRK.A	C	2.01%	0.94%	0.94%
	BSX	B	0.19%	0.48%	0.19%
	BX	B	0.23%	0.4%	0.23%
	BXP	B	0.02%	0.05%	0.02%
	C	C	1.22%	0.43%	0.43%
	CARR	B	0.12%	0.24%	0.12%
	CAT	B	0.41%	0.63%	0.41%
	CB	B	0.16%	0.46%	0.16%
	CDW	D	0.05%	0.12%	0.05%
	CE	F	0.07%	0.05%	0.05%
	CHD	D	0.07%	0.1%	0.07%
	CHRW	B	0.09%	0.04%	0.04%
	CI	C	0.14%	0.39%	0.14%
	CL	D	0.33%	0.34%	0.33%
	CLH	A	0.04%	0.06%	0.04%
	CLX	C	0.15%	0.08%	0.08%
	CMCSA	D	0.24%	0.35%	0.24%
	CME	C	0.2%	0.31%	0.2%
	CMG	C	0.22%	0.3%	0.22%
	COF	B	0.42%	0.2%	0.2%
	COP	D	0.3%	0.47%	0.3%
	COST	B	1.21%	0.58%	0.58%
	CPRI	D	0.01%	0.02%	0.01%
	CPRT	D	0.19%	0.17%	0.17%
	CRM	D	0.35%	0.25%	0.25%
	CSCO	C	0.42%	0.71%	0.42%
	CSL	B	0.01%	0.07%	0.01%
	CTAS	B	0.18%	0.28%	0.18%
	CUBE	B	0.04%	0.04%	0.04%
	CVS	D	0.8%	0.28%	0.28%
	CVX	D	0.79%	0.26%	0.26%
	CWEN	C	0.01%	0.02%	0.01%
	DECK	C	0.17%	0.1%	0.1%
	DFS	B	0.08%	0.13%	0.08%
	DHR	B	0.27%	0.24%	0.24%
	DLB	D	0.03%	0.02%	0.02%
	DOV	B	0.02%	0.1%	0.02%
	EA	D	0.09%	0.15%	0.09%
	EBAY	B	0.34%	0.12%	0.12%
	ECL	B	0.08%	0.24%	0.08%
	EFX	B	0.09%	0.14%	0.09%
	ELS	C	0.04%	0.04%	0.04%
	ELV	C	0.08%	0.49%	0.08%
	EMR	D	0.15%	0.23%	0.15%
	EOG	D	0.11%	0.12%	0.11%
	ESI	D	0.01%	0.02%	0.01%
	EXC	C	0.12%	0.16%	0.12%
	EXPD	C	0.07%	0.07%	0.07%
	EXR	B	0.07%	0.14%	0.07%
	FANG	D	0.04%	0.12%	0.04%
	FCN	D	0.07%	0.04%	0.04%
	FIS	B	0.08%	0.19%	0.08%
	FLS	D	0.02%	0.02%	0.02%
	FND	C	0.03%	0.04%	0.03%
	FOXA	B	0.08%	0.06%	0.06%
	FTNT	C	0.06%	0.19%	0.06%
	G	C	0.05%	0.03%	0.03%
	GGG	C	0.04%	0.05%	0.04%
	GILD	B	0.78%	0.4%	0.4%
	GIS	B	0.11%	0.16%	0.11%
	GNRC	D	0.04%	0.03%	0.03%
	GNTX	F	0.06%	0.03%	0.03%
	GOOGL	D	1.17%	2.97%	1.17%
	GPC	D	0.02%	0.04%	0.02%
	GS	C	0.45%	0.59%	0.45%
	GWRE	A	0.02%	0.05%	0.02%
	GWW	B	0.17%	0.18%	0.17%
	HAL	F	0.04%	0.1%	0.04%
	HD	B	0.39%	1.04%	0.39%
	HOLX	B	0.03%	0.07%	0.03%
	HOOD	C	0.03%	0.05%	0.03%
	HSY	C	0.06%	0.12%	0.06%
	HUBB	B	0.08%	0.08%	0.08%
	HUN	D	0.01%	0.01%	0.01%
	HXL	F	0.04%	0.02%	0.02%
	IBKR	B	0.05%	0.05%	0.05%
	IBM	B	1.32%	0.13%	0.13%
	ICE	C	0.29%	0.36%	0.29%
	IDXX	C	0.06%	0.16%	0.06%
	IEX	D	0.08%	0.06%	0.06%
	IFF	B	0.03%	0.1%	0.03%
	INCY	C	0.01%	0.05%	0.01%
	INTC	F	0.36%	0.04%	0.04%
	INTU	C	0.26%	0.67%	0.26%
	IPG	C	0.07%	0.05%	0.05%
	IR	C	0.09%	0.14%	0.09%
	IT	B	0.16%	0.15%	0.15%
	ITW	C	0.08%	0.29%	0.08%
	JEF	B	0.03%	0.03%	0.03%
	JKHY	B	0.1%	0.05%	0.05%
	JLL	B	0.05%	0.05%	0.05%
	JNJ	C	1.03%	0.56%	0.56%
	KDP	B	0.06%	0.15%	0.06%
	KHC	C	0.16%	0.06%	0.06%
	KKR	B	0.13%	0.31%	0.13%
	KLAC	D	0.23%	0.4%	0.23%
	LAD	D	0.01%	0.02%	0.01%
	LEN	B	0.08%	0.17%	0.08%
	LII	B	0.23%	0.07%	0.07%
	LLY	C	2.48%	1.85%	1.85%
	LOW	B	0.23%	0.07%	0.07%
	LPLA	D	0.07%	0.06%	0.06%
	LRCX	F	0.27%	0.05%	0.05%
	LSTR	D	0.08%	0.03%	0.03%
	LYFT	D	0.01%	0.02%	0.01%
	MA	B	0.79%	1.12%	0.79%
	MAN	C	0.04%	0.01%	0.01%
	MAS	B	0.06%	0.07%	0.06%
	MCD	B	0.4%	0.75%	0.4%
	MCK	F	0.51%	0.26%	0.26%
	MCO	B	0.03%	0.3%	0.03%
	MDLZ	B	0.22%	0.39%	0.22%
	MET	B	0.36%	0.18%	0.18%
	META	B	2.02%	1.97%	1.97%
	MKC	C	0.08%	0.08%	0.08%
	MKSI	F	0.01%	0.03%	0.01%
	MKTX	C	0.02%	0.04%	0.02%
	MMC	C	0.19%	0.0%	0.0%
	MNST	D	0.06%	0.15%	0.06%
	MORN	C	0.03%	0.04%	0.03%
	MRK	D	0.87%	0.4%	0.4%
	MSA	D	0.03%	0.02%	0.02%
	MSCI	C	0.07%	0.17%	0.07%
	MSI	B	0.15%	0.29%	0.15%
	MTD	D	0.08%	0.12%	0.08%
	MU	F	0.15%	0.08%	0.08%
	NDAQ	A	0.02%	0.11%	0.02%
	NDSN	C	0.04%	0.06%	0.04%
	NEM	B	0.09%	0.23%	0.09%
	NFG	B	0.04%	0.02%	0.02%
	NFLX	B	0.44%	0.87%	0.44%
	NKE	D	0.04%	0.37%	0.04%
	NOW	B	0.37%	0.7%	0.37%
	NVDA	D	1.6%	5.76%	1.6%
	NVT	D	0.02%	0.04%	0.02%
	OKE	B	0.08%	0.21%	0.08%
	OKTA	F	0.03%	0.04%	0.03%
	OMC	B	0.06%	0.08%	0.06%
	ORCL	C	1.13%	0.27%	0.27%
	OTIS	C	0.07%	0.15%	0.07%
	PAG	D	0.04%	0.01%	0.01%
	PANW	D	0.25%	0.41%	0.25%
	PAYX	C	0.03%	0.17%	0.03%
	PCAR	D	0.08%	0.19%	0.08%
	PEG	B	0.05%	0.16%	0.05%
	PEP	C	0.62%	0.79%	0.62%
	PFE	C	0.53%	0.11%	0.11%
	PG	C	0.88%	1.12%	0.88%
	PGR	B	0.5%	0.58%	0.5%
	PH	B	0.13%	0.29%	0.13%
	PHM	B	0.17%	0.11%	0.11%
	PINC	C	0.02%	0.0%	0.0%
	PINS	F	0.04%	0.07%	0.04%
	POOL	C	0.07%	0.05%	0.05%
	PRU	C	0.25%	0.16%	0.16%
	PSA	B	0.03%	0.22%	0.03%
	PSTG	F	0.03%	0.05%	0.03%
	PTC	D	0.05%	0.08%	0.05%
	QCOM	D	0.62%	0.22%	0.22%
	REGN	C	0.45%	0.47%	0.45%
	RGA	C	0.05%	0.06%	0.05%
	RGLD	C	0.04%	0.04%	0.04%
	RHI	D	0.02%	0.02%	0.02%
	RL	C	0.04%	0.03%	0.03%
	RMD	C	0.13%	0.14%	0.13%
	ROP	C	0.06%	0.23%	0.06%
	ROST	C	0.07%	0.07%	0.07%
	RSG	D	0.13%	0.17%	0.13%
	RYN	C	0.02%	0.01%	0.01%
	SBAC	C	0.03%	0.1%	0.03%
	SCCO	D	0.01%	0.03%	0.01%
	SCHW	D	0.16%	0.37%	0.16%
	SHW	B	0.21%	0.12%	0.12%
	SKX	D	0.02%	0.04%	0.02%
	SLB	F	0.09%	0.22%	0.09%
	SLM	D	0.06%	0.01%	0.01%
	SMCI	F	0.14%	0.09%	0.09%
	SMG	C	0.04%	0.0%	0.0%
	SPG	B	0.15%	0.21%	0.15%
	SPGI	B	0.06%	0.63%	0.06%
	SRCL	A	0.04%	0.03%	0.03%
	SSD	D	0.03%	0.03%	0.03%
	STZ	D	0.04%	0.16%	0.04%
	SYF	C	0.29%	0.07%	0.07%
	T	C	1.23%	0.06%	0.06%
	TJX	B	0.34%	0.06%	0.06%
	TPR	C	0.01%	0.04%	0.01%
	TRGP	B	0.13%	0.12%	0.12%
	TRV	C	0.32%	0.21%	0.21%
	TSCO	C	0.07%	0.12%	0.07%
	TTEK	C	0.02%	0.05%	0.02%
	TTWO	C	0.07%	0.1%	0.07%
	TW	B	0.05%	0.05%	0.05%
	TXN	C	0.21%	0.16%	0.16%
	TYL	C	0.08%	0.09%	0.08%
	UBER	C	0.21%	0.55%	0.21%
	UDR	C	0.03%	0.06%	0.03%
	ULTA	D	0.04%	0.07%	0.04%
	UNP	C	0.48%	0.08%	0.08%
	URI	B	0.09%	0.19%	0.09%
	V	C	0.86%	1.19%	0.86%
	VFC	C	0.02%	0.02%	0.02%
	VNT	F	0.02%	0.03%	0.02%
	VRSK	D	0.2%	0.15%	0.15%
	VRTX	D	0.21%	0.48%	0.21%
	VVV	D	0.03%	0.02%	0.02%
	VZ	B	1.01%	0.15%	0.15%
	WAB	B	0.04%	0.11%	0.04%
	WAT	C	0.05%	0.08%	0.05%
	WCC	D	0.08%	0.03%	0.03%
	WEN	C	0.05%	0.01%	0.01%
	WFC	D	1.4%	0.19%	0.19%
	WM	D	0.23%	0.33%	0.23%
	WMB	B	0.08%	0.21%	0.08%
	WMT	C	1.87%	0.44%	0.44%
	WPC	C	0.05%	0.05%	0.05%
	WRB	C	0.02%	0.07%	0.02%
	WSM	D	0.21%	0.07%	0.07%
	WU	F	0.08%	0.02%	0.02%
	XOM	C	0.99%	1.27%	0.99%
	XYL	C	0.11%	0.12%	0.11%
	YUM	D	0.1%	0.15%	0.1%

MFUS Overweight 524 Positions Relative to JCTR

	Symbol	Grade	Weight
	GE	B	1.09%
	JPM	D	0.9%
	TGT	C	0.68%
	MPC	F	0.64%
	KO	C	0.6%
	PM	C	0.56%
	GM	C	0.56%
	VLO	F	0.54%
	PSX	F	0.54%
	MO	C	0.52%
	LMT	C	0.52%
	MMM	B	0.41%
	ALL	B	0.36%
	CAH	C	0.35%
	KR	C	0.34%
	F	F	0.33%
	ADM	D	0.32%
	TMUS	C	0.31%
	BMY	C	0.28%
	BK	B	0.27%
	HPQ	D	0.27%
	THC	A	0.27%
	VST	C	0.26%
	ANF	D	0.26%
	BBY	C	0.24%
	CHTR	D	0.24%
	NOC	B	0.23%
	TSN	C	0.22%
	FICO	B	0.22%
	LYB	D	0.21%
	DD	B	0.21%
	GLW	C	0.2%
	WSO	C	0.2%
	HPE	D	0.2%
	UPS	D	0.19%
	LHX	C	0.19%
	SFM	B	0.19%
	DVA	B	0.18%
	DPZ	F	0.18%
	ETN	C	0.18%
	ORLY	C	0.18%
	MUSA	D	0.17%
	GD	B	0.17%
	BR	D	0.16%
	KMB	D	0.16%
	BKR	C	0.16%
	UTHR	C	0.16%
	CASY	D	0.15%
	WDC	D	0.15%
	TDG	B	0.15%
	WBA	F	0.14%
	PWR	B	0.13%
	JNPR	B	0.13%
	BRO	C	0.13%
	DUK	C	0.13%
	HCA	B	0.13%
	VTRS	D	0.13%
	EVR	A	0.12%
	WELL	C	0.12%
	IP	B	0.12%
	HWM	B	0.12%
	STE	C	0.12%
	AOS	D	0.11%
	USB	B	0.11%
	CMI	C	0.11%
	RPM	B	0.11%
	MAR	C	0.11%
	IRM	C	0.11%
	K	B	0.1%
	GPK	B	0.1%
	PNC	B	0.1%
	TOL	B	0.1%
	APH	D	0.1%
	MRO	C	0.1%
	FTI	D	0.1%
	FAST	C	0.1%
	UNM	B	0.1%
	CRS	B	0.1%
	GPI	B	0.09%
	ERIE	B	0.09%
	USFD	B	0.09%
	AEO	F	0.09%
	JXN	A	0.09%
	BDX	D	0.09%
	TFC	C	0.09%
	DASH	C	0.09%
	FCX	D	0.09%
	HRB	C	0.09%
	CEG	C	0.09%
	UHS	B	0.09%
	DKS	D	0.09%
	GDDY	C	0.09%
	CACI	B	0.09%
	NUE	F	0.08%
	TROW	D	0.08%
	OGN	D	0.08%
	LECO	F	0.08%
	HLI	B	0.08%
	BIIB	F	0.08%
	MTH	A	0.08%
	ALSN	B	0.08%
	AMP	A	0.08%
	ITT	B	0.08%
	HLT	B	0.08%
	RCL	B	0.08%
	EHC	C	0.08%
	RS	D	0.08%
	LUMN	C	0.08%
	BWXT	D	0.08%
	TMHC	A	0.08%
	LDOS	B	0.08%
	KMI	B	0.08%
	AN	D	0.08%
	NTAP	D	0.08%
	L	C	0.08%
	MPWR	C	0.08%
	DLR	B	0.08%
	CW	B	0.08%
	CSX	D	0.08%
	TAP	D	0.08%
	PNR	B	0.08%
	JBL	D	0.07%
	ABG	D	0.07%
	ARW	C	0.07%
	CMC	D	0.07%
	CALM	A	0.07%
	SLG	B	0.07%
	CCK	A	0.07%
	OSK	F	0.07%
	EQH	C	0.07%
	OC	D	0.07%
	SEIC	C	0.07%
	NVR	B	0.07%
	GAP	F	0.07%
	NRG	C	0.07%
	ATR	B	0.07%
	GLPI	C	0.07%
	SYY	D	0.07%
	TTC	D	0.07%
	AIZ	B	0.07%
	BALL	C	0.07%
	MMS	C	0.06%
	TPX	C	0.06%
	PK	D	0.06%
	BERY	B	0.06%
	KD	D	0.06%
	R	A	0.06%
	VNO	B	0.06%
	MSM	D	0.06%
	HIG	B	0.06%
	SBUX	C	0.06%
	HCC	F	0.06%
	EMN	B	0.06%
	KSS	F	0.06%
	CPT	B	0.06%
	CHE	C	0.06%
	BCC	B	0.06%
	BC	C	0.06%
	MLM	D	0.06%
	TEX	F	0.06%
	NSIT	D	0.06%
	X	F	0.06%
	INVH	C	0.06%
	INGR	B	0.06%
	SCI	B	0.06%
	SEE	D	0.06%
	VMC	D	0.06%
	CFG	C	0.06%
	PBF	F	0.06%
	CRI	D	0.06%
	COIN	F	0.06%
	MLI	A	0.06%
	THO	D	0.06%
	CNX	B	0.06%
	NWSA	D	0.06%
	LPX	B	0.06%
	DGX	B	0.06%
	UFPI	C	0.06%
	ATGE	C	0.05%
	CAG	C	0.05%
	CCL	C	0.05%
	CBT	B	0.05%
	CRUS	D	0.05%
	BWA	D	0.05%
	SKYW	C	0.05%
	ATI	C	0.05%
	ROL	C	0.05%
	TKR	D	0.05%
	MUR	F	0.05%
	LNC	D	0.05%
	PKG	B	0.05%
	LAMR	B	0.05%
	LOPE	D	0.05%
	MTN	D	0.05%
	WTW	C	0.05%
	VIRT	C	0.05%
	TXRH	C	0.05%
	NYT	C	0.05%
	NXST	D	0.05%
	FCNCA	D	0.05%
	DELL	D	0.05%
	SANM	D	0.05%
	FL	D	0.05%
	POST	C	0.05%
	FIX	B	0.05%
	CPAY	B	0.05%
	URBN	F	0.05%
	FDS	C	0.05%
	SUI	B	0.05%
	DG	F	0.05%
	FITB	B	0.05%
	FLEX	C	0.05%
	EXP	B	0.05%
	MHO	B	0.05%
	KTB	B	0.05%
	IVZ	B	0.05%
	TPH	C	0.05%
	CMA	B	0.04%
	APLE	D	0.04%
	GEO	F	0.04%
	LW	D	0.04%
	SAIA	D	0.04%
	OLN	D	0.04%
	HUBG	C	0.04%
	WTM	D	0.04%
	FHI	A	0.04%
	TGNA	D	0.04%
	BLDR	C	0.04%
	CRBG	D	0.04%
	COLD	D	0.04%
	GATX	D	0.04%
	VC	F	0.04%
	BAX	C	0.04%
	MOS	F	0.04%
	CNO	B	0.04%
	SON	C	0.04%
	XRAY	D	0.04%
	PR	F	0.04%
	HEI	B	0.04%
	GVA	B	0.04%
	RRC	D	0.04%
	NBIX	F	0.04%
	ENTG	F	0.04%
	PVH	F	0.04%
	GNW	B	0.04%
	VRSN	D	0.04%
	SEB	D	0.04%
	ABM	D	0.04%
	FFIV	B	0.04%
	FLO	C	0.04%
	MOG.A	B	0.04%
	DCI	C	0.04%
	MTG	B	0.04%
	BTU	D	0.04%
	THG	B	0.04%
	ZTS	C	0.04%
	STLD	F	0.04%
	KBH	A	0.04%
	WHR	D	0.04%
	BDC	B	0.04%
	DOW	D	0.04%
	WST	D	0.04%
	LANC	D	0.04%
	SIG	C	0.04%
	NOV	F	0.04%
	PPG	D	0.04%
	AVT	C	0.04%
	M	F	0.04%
	COOP	C	0.04%
	SLGN	B	0.04%
	BEN	F	0.04%
	MAC	B	0.04%
	AKAM	D	0.03%
	NEU	D	0.03%
	DRI	B	0.03%
	TXT	D	0.03%
	ZION	D	0.03%
	COKE	C	0.03%
	FNF	B	0.03%
	HBAN	B	0.03%
	FR	B	0.03%
	PRG	B	0.03%
	NAVI	C	0.03%
	MC	B	0.03%
	RLI	B	0.03%
	DK	F	0.03%
	MOH	D	0.03%
	BKU	C	0.03%
	BRKR	D	0.03%
	BURL	B	0.03%
	SJM	C	0.03%
	AWI	B	0.03%
	PRIM	B	0.03%
	YELP	F	0.03%
	GBX	C	0.03%
	SM	F	0.03%
	MDU	C	0.03%
	MTB	B	0.03%
	WH	B	0.03%
	HP	F	0.03%
	SHOO	B	0.03%
	DBRG	D	0.03%
	BFAM	C	0.03%
	RUSHA	C	0.03%
	AMKR	F	0.03%
	EQIX	C	0.03%
	BJ	D	0.03%
	WTS	C	0.03%
	SBH	B	0.03%
	RPRX	C	0.03%
	TFX	C	0.03%
	HBI	B	0.03%
	HSIC	C	0.03%
	LEA	F	0.03%
	TRN	D	0.03%
	AVA	C	0.03%
	PDCO	F	0.03%
	GT	F	0.03%
	MKL	C	0.03%
	BLD	D	0.03%
	MANH	B	0.03%
	EME	B	0.03%
	SEM	D	0.03%
	SLVM	B	0.03%
	TDS	C	0.03%
	ACA	B	0.03%
	DINO	F	0.03%
	DOX	C	0.03%
	XPO	D	0.03%
	CVLT	B	0.03%
	VSH	F	0.03%
	APP	C	0.03%
	TER	D	0.03%
	JHG	B	0.03%
	ASO	C	0.03%
	OMF	D	0.03%
	AES	C	0.03%
	APG	D	0.03%
	UHAL	A	0.03%
	GMS	D	0.03%
	AROC	D	0.03%
	CPNG	B	0.03%
	DDS	F	0.03%
	JWN	C	0.03%
	OI	D	0.03%
	AVTR	B	0.03%
	CTVA	B	0.03%
	LEG	D	0.02%
	ODFL	D	0.02%
	PARA	F	0.02%
	APOG	B	0.02%
	NWL	C	0.02%
	HNI	C	0.02%
	LXP	B	0.02%
	SNDR	B	0.02%
	ODP	F	0.02%
	ANDE	D	0.02%
	DORM	B	0.02%
	CHDN	C	0.02%
	EWBC	D	0.02%
	OSIS	D	0.02%
	HST	C	0.02%
	SNAP	F	0.02%
	GES	F	0.02%
	XRX	D	0.02%
	BMRN	F	0.02%
	CC	F	0.02%
	IGT	D	0.02%
	SAM	F	0.02%
	MCY	D	0.02%
	LBRDK	F	0.02%
	XHR	B	0.02%
	AIT	A	0.02%
	AGCO	D	0.02%
	NTCT	C	0.02%
	AA	D	0.02%
	PMT	C	0.02%
	DXC	C	0.02%
	SXT	C	0.02%
	GHC	B	0.02%
	EPC	F	0.02%
	REZI	D	0.02%
	KBR	D	0.02%
	CINF	B	0.02%
	NSP	F	0.02%
	VSTO	C	0.02%
	PSN	B	0.02%
	WMS	D	0.02%
	RLJ	D	0.02%
	PFSI	C	0.02%
	CG	D	0.02%
	GEF	D	0.02%
	HAE	F	0.02%
	HII	D	0.02%
	GMED	D	0.02%
	KEY	B	0.02%
	AIR	C	0.02%
	KMPR	D	0.02%
	CTLT	B	0.02%
	LNW	B	0.02%
	ORA	C	0.02%
	COHR	C	0.02%
	CXW	F	0.02%
	JBHT	D	0.02%
	PLXS	A	0.02%
	APAM	C	0.02%
	CHRD	F	0.02%
	ALGN	D	0.02%
	AXTA	B	0.02%
	TDC	F	0.02%
	PNM	B	0.02%
	FAF	B	0.02%
	WERN	D	0.02%
	EXEL	C	0.02%
	DRH	C	0.02%
	LZB	C	0.02%
	NTRS	A	0.02%
	MASI	F	0.02%
	SHO	C	0.02%
	STC	B	0.02%
	HOG	C	0.02%
	BKE	B	0.02%
	ADNT	F	0.02%
	UNF	C	0.02%
	GEHC	C	0.02%
	DLTR	F	0.02%
	CTRA	D	0.02%
	THS	C	0.02%
	MATX	B	0.02%
	AAP	F	0.01%
	KNX	C	0.01%
	SCHL	D	0.01%
	UHAL	A	0.01%
	SCL	D	0.01%
	ARCH	F	0.01%
	JAZZ	D	0.01%
	CACC	F	0.01%
	KALU	F	0.01%
	UAL	C	0.01%
	ACI	F	0.01%
	SWN	D	0.01%
	ECPG	D	0.01%
	WGO	D	0.01%
	UVV	D	0.01%
	QRVO	F	0.01%
	HELE	D	0.01%
	HPP	D	0.01%
	MTDR	F	0.01%
	MLKN	D	0.01%
	SWX	C	0.01%
	ELAN	D	0.01%
	WOR	D	0.01%
	BECN	D	0.01%
	JELD	D	0.01%
	CNM	F	0.01%
	SYNA	F	0.01%
	ESAB	C	0.01%
	HRL	C	0.01%
	SIGI	D	0.01%
	PFG	B	0.01%
	ARCB	D	0.01%
	CENTA	F	0.01%
	JBGS	C	0.01%
	FLR	D	0.01%
	LVS	D	0.01%
	AMED	C	0.01%
	FHN	D	0.01%
	AFG	B	0.01%
	FELE	C	0.01%
	DTM	B	0.01%
	WAFD	C	0.01%
	SPB	C	0.01%
	WMK	C	0.01%
	BRC	C	0.01%
	DY	B	0.01%
	CADE	C	0.01%
	WTFC	B	0.01%
	KN	D	0.01%
	PECO	B	0.01%
	CR	C	0.01%
	ONB	C	0.01%
	CBSH	C	0.01%
	CBRL	D	0.01%
	CSGS	C	0.01%
	SAIC	C	0.01%
	STRA	F	0.01%
	SF	A	0.01%
	TTMI	D	0.01%
	CPB	C	0.01%
	CVI	F	0.01%
	DEI	B	0.01%
	AMWD	D	0.01%
	WBS	D	0.01%
	TREX	D	0.01%
	WWD	D	0.01%
	LAUR	C	0.01%
	OMI	D	0.01%
	SAH	D	0.01%
	NNI	B	0.01%
	H	C	0.01%
	RBC	C	0.01%
	IOSP	D	0.01%
	MHK	C	0.01%
	LADR	B	0.01%
	GOLF	D	0.01%
	KEX	C	0.01%
	PSMT	B	0.01%
	TNET	F	0.01%
	SNV	C	0.01%
	BHE	D	0.01%
	DAN	F	0.01%
	OLLI	C	0.01%
	PTEN	F	0.01%
	RJF	C	0.01%
	ESNT	B	0.01%
	FYBR	C	0.01%
	PHIN	B	0.01%
	SCS	D	0.01%
	DNOW	D	0.01%
	WAL	B	0.01%
	SATS	C	0.01%
	EVRG	B	0.01%
	NOMD	B	0.0%
	WOLF	F	0.0%

MFUS Underweight 147 Positions Relative to JCTR

	Symbol	Grade	Weight
	MSFT	C	-6.0%
	TSLA	C	-1.6%
	UNH	C	-1.35%
	AMD	D	-0.75%
	LIN	B	-0.73%
	NEE	C	-0.68%
	ISRG	B	-0.68%
	SYK	C	-0.52%
	PLD	C	-0.48%
	MS	D	-0.45%
	DE	B	-0.39%
	TT	B	-0.32%
	PYPL	B	-0.29%
	CDNS	D	-0.29%
	SNPS	D	-0.29%
	PLTR	B	-0.28%
	MRVL	C	-0.25%
	TMO	B	-0.25%
	DHI	B	-0.22%
	BLK	B	-0.22%
	CCI	C	-0.21%
	O	C	-0.21%
	ABNB	D	-0.2%
	SRE	C	-0.2%
	SPOT	B	-0.19%
	NU	B	-0.18%
	PCG	C	-0.17%
	IQV	C	-0.17%
	ABT	C	-0.17%
	ACGL	C	-0.16%
	EW	F	-0.16%
	DIS	D	-0.15%
	AME	C	-0.15%
	AVB	B	-0.14%
	SQ	D	-0.14%
	CBRE	A	-0.14%
	ED	C	-0.14%
	EIX	C	-0.13%
	CSGP	D	-0.13%
	DDOG	D	-0.13%
	ALNY	C	-0.13%
	VEEV	C	-0.13%
	HES	F	-0.13%
	LULU	D	-0.12%
	DXCM	F	-0.11%
	GPN	D	-0.11%
	AWK	B	-0.11%
	ROK	D	-0.11%
	HUBS	D	-0.1%
	MRNA	F	-0.1%
	FSLR	C	-0.1%
	KEYS	C	-0.1%
	TEAM	D	-0.1%
	VLTO	C	-0.1%
	CBOE	C	-0.09%
	NET	D	-0.09%
	ES	C	-0.09%
	TDY	B	-0.08%
	EL	F	-0.08%
	ESS	B	-0.08%
	MDB	D	-0.08%
	ZBRA	B	-0.07%
	CNP	C	-0.07%
	ENPH	D	-0.07%
	TRU	B	-0.07%
	NTRA	C	-0.06%
	NI	B	-0.06%
	RBA	B	-0.06%
	EG	C	-0.06%
	LYV	B	-0.06%
	PODD	B	-0.06%
	KIM	C	-0.06%
	EXPE	C	-0.06%
	ALLE	B	-0.05%
	OHI	B	-0.05%
	KMX	D	-0.05%
	RNR	C	-0.05%
	TRMB	C	-0.05%
	REG	C	-0.05%
	SNA	C	-0.05%
	AFRM	C	-0.04%
	OLED	C	-0.04%
	ALB	D	-0.04%
	ONTO	D	-0.04%
	WTRG	D	-0.04%
	REXR	C	-0.04%
	EPAM	F	-0.04%
	PRI	B	-0.04%
	CNH	D	-0.04%
	DAY	D	-0.04%
	Z	B	-0.04%
	HAS	B	-0.04%
	TOST	C	-0.04%
	CGNX	F	-0.03%
	FE	C	-0.03%
	BSY	D	-0.03%
	PLNT	B	-0.03%
	MIDD	D	-0.03%
	STAG	C	-0.03%
	ADI	C	-0.03%
	PCTY	C	-0.03%
	MTCH	C	-0.03%
	ETSY	F	-0.03%
	CROX	D	-0.03%
	CIEN	C	-0.03%
	FRT	C	-0.03%
	XP	D	-0.03%
	FRPT	B	-0.03%
	WFRD	F	-0.03%
	BRX	B	-0.03%
	GLOB	D	-0.03%
	TWLO	D	-0.03%
	STWD	B	-0.02%
	AXS	B	-0.02%
	TPG	B	-0.02%
	AL	D	-0.02%
	ASH	D	-0.02%
	PATH	D	-0.02%
	UGI	C	-0.02%
	CHH	C	-0.02%
	COTY	F	-0.02%
	LSCC	D	-0.02%
	ZS	F	-0.02%
	GME	F	-0.02%
	RGEN	F	-0.02%
	MTZ	B	-0.02%
	U	D	-0.02%
	FMC	C	-0.02%
	WEX	C	-0.02%
	ELF	F	-0.02%
	IONS	F	-0.02%
	AGR	B	-0.01%
	DNB	C	-0.01%
	CERT	F	-0.01%
	COLM	C	-0.01%
	ZI	D	-0.01%
	IRDM	D	-0.01%
	HAYW	C	-0.01%
	YETI	D	-0.01%
	W	D	-0.01%
	DV	F	-0.01%
	ENOV	D	-0.01%
	CFLT	F	-0.01%
	MDT	C	-0.01%
	PEGA	C	-0.0%
	MPW	C	-0.0%
	NFE	F	-0.0%

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

JCTR: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Capital Markets Software - Infrastructure Specialty Retail Credit Services Diagnostics & Research Semiconductors Asset Management Biotechnology Information Technology Services Drug Manufacturers - Major Household & Personal Products Utilities - Regulated Electric Medical Devices Oil & Gas E&P REIT - Industrial REIT - Residential REIT - Retail

Keywords: S&P 500 Nasdaq 100 Computing Insurance Natural Gas Dow Jones Component Electronics Real Estate Investment Trust Telecommunications Chemical IBD 50 Electricity Mining Mobile Devices Cloud Computing Medicine Semiconductor Clothing Insurance Products Integrated Circuits