MFUS vs. JPME ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME)

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

$51.69

Average Daily Volume

5,723

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$108.02

Average Daily Volume

10,021

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JPME
30 Days	1.43%	2.95%
60 Days	5.39%	5.58%
90 Days	8.66%	9.77%
12 Months	36.24%	33.07%

252 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in JPME	Overlap
A	F	0.05%	0.3%	0.05%
ACI	C	0.01%	0.3%	0.01%
ADM	F	0.24%	0.3%	0.24%
AFL	C	0.21%	0.37%	0.21%
AJG	B	0.15%	0.36%	0.15%
AKAM	F	0.03%	0.14%	0.03%
ALLY	C	0.05%	0.12%	0.05%
ALSN	B	0.1%	0.51%	0.1%
AMH	D	0.04%	0.26%	0.04%
AMP	A	0.17%	0.48%	0.17%
AN	D	0.06%	0.32%	0.06%
ANSS	B	0.05%	0.33%	0.05%
AOS	F	0.09%	0.29%	0.09%
APP	A	0.06%	0.74%	0.06%
AR	B	0.04%	0.28%	0.04%
ATO	A	0.02%	0.4%	0.02%
ATR	A	0.08%	0.01%	0.01%
AVB	B	0.03%	0.37%	0.03%
AVT	C	0.04%	0.15%	0.04%
AVY	F	0.1%	0.3%	0.1%
AYI	A	0.1%	0.09%	0.09%
BAH	C	0.18%	0.17%	0.17%
BBY	D	0.22%	0.29%	0.22%
BIIB	F	0.07%	0.05%	0.05%
BKR	B	0.07%	0.18%	0.07%
BLDR	D	0.04%	0.33%	0.04%
BRKR	F	0.02%	0.22%	0.02%
BRO	A	0.12%	0.17%	0.12%
BWA	B	0.01%	0.14%	0.01%
CACI	B	0.11%	0.45%	0.11%
CAG	F	0.04%	0.33%	0.04%
CAH	B	0.25%	0.37%	0.25%
CASY	A	0.16%	0.41%	0.16%
CBRE	B	0.05%	0.42%	0.05%
CC	D	0.02%	0.0%	0.0%
CDW	F	0.03%	0.29%	0.03%
CE	F	0.04%	0.24%	0.04%
CFG	B	0.04%	0.11%	0.04%
CHD	B	0.07%	0.32%	0.07%
CHE	D	0.06%	0.32%	0.06%
CHTR	B	0.3%	0.4%	0.3%
CLF	D	0.01%	0.34%	0.01%
CLH	B	0.04%	0.42%	0.04%
CLX	B	0.13%	0.34%	0.13%
CMA	B	0.04%	0.07%	0.04%
CMI	B	0.13%	0.45%	0.13%
CMS	D	0.03%	0.37%	0.03%
CNC	F	0.05%	0.26%	0.05%
CNM	D	0.01%	0.39%	0.01%
COKE	D	0.02%	0.33%	0.02%
COR	A	0.17%	0.39%	0.17%
CPB	F	0.05%	0.33%	0.05%
CPT	C	0.06%	0.19%	0.06%
CR	B	0.01%	0.05%	0.01%
CRI	F	0.05%	0.04%	0.04%
CROX	F	0.01%	0.22%	0.01%
CRUS	F	0.04%	0.28%	0.04%
CSL	C	0.02%	0.42%	0.02%
CTVA	C	0.04%	0.32%	0.04%
CUBE	D	0.04%	0.34%	0.04%
CWEN	D	0.01%	0.23%	0.01%
DECK	B	0.16%	0.35%	0.16%
DFS	B	0.09%	0.15%	0.09%
DGX	A	0.09%	0.38%	0.09%
DHI	D	0.07%	0.33%	0.07%
DINO	D	0.01%	0.34%	0.01%
DKS	D	0.08%	0.35%	0.08%
DLB	C	0.02%	0.22%	0.02%
DOX	A	0.04%	0.32%	0.04%
DRI	B	0.03%	0.26%	0.03%
DTE	D	0.02%	0.37%	0.02%
DTM	A	0.01%	0.48%	0.01%
DVA	C	0.15%	0.36%	0.15%
ED	D	0.06%	0.36%	0.06%
EHC	B	0.09%	0.41%	0.09%
EIX	D	0.05%	0.35%	0.05%
ELAN	D	0.01%	0.14%	0.01%
EME	B	0.04%	0.38%	0.04%
EMN	D	0.04%	0.4%	0.04%
EQR	D	0.04%	0.28%	0.04%
ESI	B	0.01%	0.4%	0.01%
ESS	C	0.04%	0.3%	0.04%
ETR	B	0.05%	0.45%	0.05%
EVRG	A	0.02%	0.38%	0.02%
EXC	D	0.07%	0.28%	0.07%
EXEL	B	0.05%	0.44%	0.05%
EXP	B	0.07%	0.21%	0.07%
EXPD	F	0.11%	0.22%	0.11%
FANG	D	0.05%	0.38%	0.05%
FAST	B	0.13%	0.42%	0.13%
FCNCA	B	0.05%	0.45%	0.05%
FE	D	0.03%	0.35%	0.03%
FITB	A	0.04%	0.18%	0.04%
FLO	F	0.04%	0.27%	0.04%
FNF	C	0.03%	0.17%	0.03%
FR	D	0.01%	0.24%	0.01%
FYBR	D	0.01%	0.37%	0.01%
GEHC	D	0.08%	0.07%	0.07%
GEN	A	0.1%	0.32%	0.1%
GGG	B	0.03%	0.35%	0.03%
GIS	F	0.19%	0.33%	0.19%
GLPI	D	0.07%	0.35%	0.07%
GLW	B	0.21%	0.18%	0.18%
GNTX	C	0.05%	0.3%	0.05%
GWW	B	0.21%	0.44%	0.21%
HBAN	A	0.03%	0.4%	0.03%
HIG	C	0.06%	0.38%	0.06%
HOG	F	0.02%	0.02%	0.02%
HOLX	D	0.04%	0.33%	0.04%
HPE	B	0.11%	0.34%	0.11%
HPQ	B	0.29%	0.31%	0.29%
HRB	D	0.08%	0.35%	0.08%
HRL	F	0.02%	0.26%	0.02%
HSIC	F	0.03%	0.31%	0.03%
HST	C	0.02%	0.33%	0.02%
HSY	D	0.06%	0.2%	0.06%
HUBB	B	0.03%	0.46%	0.03%
HUN	F	0.0%	0.24%	0.0%
HXL	D	0.03%	0.05%	0.03%
IEX	B	0.09%	0.05%	0.05%
IFF	F	0.03%	0.28%	0.03%
INCY	B	0.01%	0.28%	0.01%
INGR	B	0.06%	0.41%	0.06%
IP	B	0.09%	0.47%	0.09%
IPG	F	0.04%	0.03%	0.03%
IRM	C	0.13%	0.39%	0.13%
IT	A	0.14%	0.37%	0.14%
ITT	A	0.08%	0.17%	0.08%
JBL	B	0.03%	0.34%	0.03%
JEF	B	0.02%	0.48%	0.02%
JLL	C	0.06%	0.38%	0.06%
JNPR	C	0.14%	0.38%	0.14%
K	A	0.15%	0.38%	0.15%
KEY	B	0.02%	0.1%	0.02%
KIM	B	0.02%	0.35%	0.02%
KMI	A	0.1%	0.46%	0.1%
KR	A	0.37%	0.43%	0.37%
KSS	F	0.02%	0.01%	0.01%
L	B	0.06%	0.25%	0.06%
LAMR	D	0.05%	0.4%	0.05%
LBRDK	B	0.03%	0.1%	0.03%
LDOS	A	0.13%	0.47%	0.13%
LECO	B	0.06%	0.31%	0.06%
LEN	D	0.07%	0.35%	0.07%
LNT	C	0.02%	0.36%	0.02%
LPX	A	0.07%	0.26%	0.07%
LSTR	B	0.09%	0.31%	0.09%
LYB	F	0.16%	0.33%	0.16%
M	D	0.02%	0.15%	0.02%
MAA	C	0.02%	0.24%	0.02%
MANH	C	0.03%	0.37%	0.03%
MAS	D	0.06%	0.32%	0.06%
MKC	D	0.06%	0.29%	0.06%
MOS	D	0.01%	0.3%	0.01%
MPWR	F	0.08%	0.37%	0.08%
MRO	B	0.03%	0.4%	0.03%
MSM	B	0.06%	0.34%	0.06%
MTB	B	0.04%	0.31%	0.04%
MTG	D	0.02%	0.37%	0.02%
NBIX	C	0.04%	0.25%	0.04%
NDSN	B	0.04%	0.06%	0.04%
NEU	C	0.02%	0.31%	0.02%
NFG	C	0.05%	0.37%	0.05%
NI	A	0.02%	0.39%	0.02%
NNN	F	0.01%	0.21%	0.01%
NRG	B	0.07%	0.45%	0.07%
NTAP	C	0.1%	0.35%	0.1%
NUE	C	0.08%	0.35%	0.08%
NVR	D	0.1%	0.36%	0.1%
NXST	C	0.06%	0.39%	0.06%
OC	B	0.02%	0.38%	0.02%
OHI	B	0.02%	0.37%	0.02%
OKE	A	0.09%	0.42%	0.09%
OLN	D	0.04%	0.29%	0.04%
OMC	B	0.06%	0.28%	0.06%
OMF	B	0.03%	0.44%	0.03%
PAG	C	0.02%	0.34%	0.02%
PAYX	B	0.04%	0.27%	0.04%
PB	A	0.01%	0.07%	0.01%
PEG	D	0.06%	0.39%	0.06%
PFG	C	0.01%	0.05%	0.01%
PHM	D	0.1%	0.37%	0.1%
PINC	B	0.02%	0.14%	0.02%
PK	B	0.06%	0.34%	0.06%
PKG	B	0.1%	0.42%	0.1%
PNW	B	0.01%	0.38%	0.01%
POOL	D	0.07%	0.13%	0.07%
POST	D	0.05%	0.35%	0.05%
PPC	B	0.01%	0.43%	0.01%
PPL	A	0.04%	0.38%	0.04%
PWR	B	0.12%	0.43%	0.12%
QRVO	F	0.01%	0.13%	0.01%
R	B	0.07%	0.26%	0.07%
RBC	B	0.01%	0.31%	0.01%
RF	A	0.02%	0.17%	0.02%
RGA	A	0.06%	0.4%	0.06%
RGLD	C	0.04%	0.3%	0.04%
RHI	B	0.02%	0.07%	0.02%
RMD	B	0.17%	0.37%	0.17%
RPM	B	0.13%	0.4%	0.13%
RPRX	F	0.03%	0.22%	0.03%
RRC	B	0.02%	0.28%	0.02%
RS	B	0.04%	0.39%	0.04%
RVTY	C	0.01%	0.27%	0.01%
RYN	F	0.03%	0.15%	0.03%
SAIC	B	0.01%	0.33%	0.01%
SAM	B	0.02%	0.26%	0.02%
SCI	B	0.07%	0.15%	0.07%
SJM	F	0.04%	0.3%	0.04%
SLGN	A	0.05%	0.1%	0.05%
SLM	B	0.05%	0.17%	0.05%
SMG	C	0.05%	0.25%	0.05%
SON	F	0.04%	0.14%	0.04%
SPB	A	0.01%	0.35%	0.01%
SPG	B	0.16%	0.39%	0.16%
SSNC	C	0.02%	0.35%	0.02%
STE	F	0.08%	0.32%	0.08%
STLD	B	0.04%	0.46%	0.04%
SYF	B	0.27%	0.53%	0.27%
SYY	B	0.13%	0.28%	0.13%
TAP	B	0.08%	0.38%	0.08%
TER	D	0.03%	0.28%	0.03%
TFX	F	0.03%	0.09%	0.03%
THC	B	0.28%	0.39%	0.28%
THO	B	0.07%	0.14%	0.07%
TKR	F	0.04%	0.36%	0.04%
TOL	B	0.06%	0.41%	0.06%
TPR	B	0.01%	0.36%	0.01%
TRGP	A	0.1%	0.47%	0.1%
TSCO	D	0.11%	0.35%	0.11%
TSN	C	0.17%	0.33%	0.17%
TXRH	B	0.06%	0.42%	0.06%
TYL	B	0.08%	0.38%	0.08%
UGI	D	0.01%	0.37%	0.01%
UHS	D	0.06%	0.33%	0.06%
UNM	A	0.04%	0.48%	0.04%
USFD	A	0.05%	0.43%	0.05%
UTHR	B	0.19%	0.43%	0.19%
VIRT	B	0.05%	0.04%	0.04%
VST	B	0.2%	0.64%	0.2%
VTRS	B	0.13%	0.35%	0.13%
VVV	B	0.02%	0.35%	0.02%
WEN	C	0.06%	0.14%	0.06%
WMB	A	0.1%	0.47%	0.1%
WPC	F	0.03%	0.22%	0.03%
WSM	F	0.19%	0.31%	0.19%
WST	C	0.05%	0.27%	0.05%
WTM	A	0.04%	0.13%	0.04%
WU	F	0.06%	0.04%	0.04%
X	B	0.03%	0.38%	0.03%
XRAY	F	0.03%	0.12%	0.03%
ZION	B	0.02%	0.1%	0.02%

MFUS Overweight 563 Positions Relative to JPME

Symbol	Grade	Weight
LLY	D	2.52%
META	B	2.36%
BRK.A	C	2.36%
NVDA	A	1.82%
WMT	A	1.72%
ABBV	D	1.65%
AMZN	B	1.64%
AVGO	B	1.63%
ORCL	A	1.42%
COST	B	1.33%
JNJ	F	1.27%
KO	F	1.07%
IBM	D	1.07%
PG	D	1.03%
VZ	D	1.03%
AMGN	F	1.03%
AAPL	D	0.96%
JPM	B	0.93%
PM	C	0.92%
MRK	F	0.89%
GILD	B	0.87%
WFC	B	0.87%
QCOM	F	0.8%
LMT	D	0.78%
UNH	B	0.77%
PEP	F	0.76%
TGT	C	0.75%
T	C	0.74%
MO	A	0.73%
CVS	F	0.66%
C	B	0.65%
CSCO	A	0.65%
PFE	F	0.62%
HD	B	0.62%
MMM	D	0.58%
PGR	B	0.57%
GE	C	0.56%
MCK	B	0.56%
AMAT	F	0.55%
MCD	D	0.54%
UNP	D	0.51%
NFLX	A	0.48%
XOM	B	0.44%
BAC	A	0.42%
TMUS	A	0.42%
BKNG	A	0.41%
REGN	F	0.4%
BMY	B	0.4%
CVX	B	0.39%
GM	B	0.37%
NOC	C	0.37%
CL	F	0.37%
LOW	B	0.36%
AIG	C	0.36%
EBAY	D	0.36%
TJX	B	0.36%
GS	B	0.36%
NOW	A	0.34%
MET	C	0.32%
MPC	D	0.32%
TXN	B	0.3%
V	A	0.3%
TMO	F	0.3%
SPGI	D	0.29%
ICE	D	0.29%
WM	A	0.28%
ISRG	A	0.28%
MA	A	0.28%
AZO	C	0.28%
LHX	B	0.27%
COF	B	0.27%
HCA	D	0.27%
DHR	F	0.26%
AON	A	0.25%
ANF	D	0.25%
ALL	A	0.25%
GD	A	0.25%
UPS	D	0.25%
NEE	D	0.24%
KLAC	F	0.24%
SFM	B	0.24%
ACN	C	0.24%
MDLZ	F	0.24%
VRTX	B	0.23%
PRU	B	0.23%
PANW	A	0.23%
FICO	A	0.22%
AXP	B	0.22%
SHW	B	0.22%
PSX	D	0.22%
UBER	F	0.22%
RTX	C	0.22%
LII	B	0.21%
TRV	B	0.2%
ORLY	A	0.2%
CMG	B	0.2%
BSX	A	0.2%
MS	A	0.2%
MMC	C	0.2%
CAT	B	0.2%
INTC	C	0.19%
MSI	B	0.19%
CTAS	A	0.19%
LRCX	F	0.18%
BK	B	0.18%
NEM	F	0.18%
FI	A	0.18%
MU	C	0.17%
KMB	F	0.17%
EA	A	0.17%
VLO	D	0.16%
KHC	F	0.16%
CB	D	0.16%
BR	A	0.16%
PLTR	B	0.16%
WSO	A	0.16%
VRSK	A	0.16%
ELV	F	0.16%
CMCSA	B	0.16%
ANET	C	0.15%
AMT	F	0.15%
HWM	B	0.15%
MUSA	B	0.15%
F	C	0.15%
TDG	B	0.15%
YUM	B	0.14%
PH	B	0.14%
DUK	D	0.14%
CME	B	0.14%
MCO	C	0.14%
KKR	B	0.14%
WBA	D	0.13%
DPZ	C	0.13%
RSG	A	0.13%
CHRW	B	0.13%
CI	D	0.13%
SO	D	0.13%
EVR	B	0.12%
PYPL	B	0.12%
BX	B	0.12%
APH	B	0.12%
WELL	B	0.12%
BDX	D	0.12%
CW	B	0.11%
FOXA	A	0.11%
XYL	D	0.11%
BWXT	A	0.11%
WTW	A	0.11%
CSX	B	0.11%
PNC	A	0.11%
CEG	D	0.11%
GDDY	A	0.11%
ADP	A	0.11%
JKHY	C	0.11%
EXR	D	0.11%
EFX	D	0.11%
SBUX	B	0.1%
DG	F	0.1%
PSA	D	0.1%
CRS	B	0.1%
JXN	B	0.1%
DASH	A	0.1%
DD	D	0.1%
ITW	B	0.1%
USB	B	0.1%
ARES	B	0.09%
GPI	B	0.09%
ADSK	B	0.09%
TROW	B	0.09%
CALM	A	0.09%
URI	B	0.09%
DLR	B	0.09%
RCL	A	0.09%
HLT	A	0.09%
TMHC	C	0.09%
MTD	F	0.09%
OTIS	D	0.08%
ABG	B	0.08%
HCC	C	0.08%
EMR	A	0.08%
FIS	C	0.08%
AIZ	A	0.08%
HLI	B	0.08%
AEO	F	0.08%
TFC	A	0.08%
WCC	B	0.08%
SMCI	F	0.08%
CPRT	B	0.08%
SEIC	A	0.08%
EQH	B	0.08%
GPK	D	0.08%
ECL	D	0.08%
MLI	B	0.08%
SLG	C	0.08%
WDC	D	0.08%
AEP	D	0.08%
IR	A	0.08%
CNX	B	0.07%
MSCI	B	0.07%
COIN	B	0.07%
NSC	B	0.07%
BCC	B	0.07%
COP	C	0.07%
TTWO	A	0.07%
ALNY	D	0.07%
MLM	B	0.07%
BALL	D	0.07%
D	D	0.07%
MNST	B	0.07%
CCI	F	0.07%
KDP	D	0.07%
SRE	A	0.07%
VNO	C	0.07%
BTU	C	0.06%
ATGE	B	0.06%
CMC	B	0.06%
FCN	D	0.06%
KTB	B	0.06%
STZ	D	0.06%
GAP	C	0.06%
TPH	D	0.06%
TW	B	0.06%
BC	D	0.06%
WAT	B	0.06%
SEE	C	0.06%
MMS	C	0.06%
O	D	0.06%
LPLA	A	0.06%
NKE	F	0.06%
JCI	B	0.06%
AMG	C	0.06%
FFIV	B	0.06%
CCK	B	0.06%
FTNT	A	0.06%
MTH	D	0.06%
TTC	D	0.06%
ROP	B	0.06%
BERY	C	0.06%
ROL	B	0.06%
UFPI	B	0.06%
SKYW	B	0.06%
URBN	C	0.05%
ERIE	F	0.05%
PPG	F	0.05%
SCHW	A	0.05%
CRBG	C	0.05%
OGN	F	0.05%
MTN	D	0.05%
BAX	F	0.05%
NDAQ	B	0.05%
COOP	B	0.05%
GVA	B	0.05%
HBI	B	0.05%
CARR	D	0.05%
G	B	0.05%
TEX	C	0.05%
IDXX	D	0.05%
SUI	F	0.05%
ZTS	F	0.05%
BFH	B	0.05%
WAB	B	0.05%
CBT	B	0.05%
IBKR	A	0.05%
LUMN	B	0.05%
NSIT	F	0.05%
SQ	A	0.05%
FIX	B	0.05%
GNRC	B	0.05%
ADBE	C	0.04%
TRN	A	0.04%
BJ	B	0.04%
CDP	C	0.04%
WH	A	0.04%
INVH	D	0.04%
ES	F	0.04%
ACM	B	0.04%
SEM	B	0.04%
BDC	B	0.04%
LANC	B	0.04%
ELS	C	0.04%
AGNC	D	0.04%
CVLT	B	0.04%
JWN	B	0.04%
SANM	B	0.04%
RUSHA	B	0.04%
PSTG	D	0.04%
HUBG	B	0.04%
PRIM	B	0.04%
FDS	A	0.04%
GBX	A	0.04%
SLVM	C	0.04%
HEI	C	0.04%
BHF	B	0.04%
ULTA	C	0.04%
NWSA	B	0.04%
AROC	B	0.04%
GEO	B	0.04%
VRSN	C	0.04%
FL	D	0.04%
ATI	D	0.04%
LOPE	B	0.04%
FTI	B	0.04%
CPNG	C	0.04%
GATX	B	0.04%
JHG	B	0.04%
SIG	B	0.04%
PTC	B	0.04%
VTR	C	0.04%
ARW	F	0.04%
MAC	B	0.04%
MAR	A	0.04%
ZBRA	A	0.04%
KD	B	0.04%
TDS	B	0.04%
CNO	B	0.04%
THG	A	0.04%
VLTO	D	0.04%
SRCL	B	0.04%
TGNA	B	0.04%
MHO	D	0.04%
MOG.A	B	0.04%
ABM	B	0.04%
FLEX	B	0.04%
DCI	A	0.04%
UNF	B	0.03%
DRH	B	0.03%
ORA	C	0.03%
BKE	A	0.03%
APAM	B	0.03%
OI	D	0.03%
DLTR	F	0.03%
SBAC	D	0.03%
BURL	C	0.03%
WHR	B	0.03%
LNC	B	0.03%
VC	D	0.03%
FHI	A	0.03%
BKU	B	0.03%
NTRS	A	0.03%
UDR	D	0.03%
MAN	F	0.03%
AMKR	F	0.03%
PRG	C	0.03%
CG	B	0.03%
PLXS	B	0.03%
DELL	C	0.03%
DDS	C	0.03%
APLE	B	0.03%
COHR	B	0.03%
MC	B	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	A	0.03%
CPAY	A	0.03%
RL	B	0.03%
TPX	C	0.03%
LW	C	0.03%
AVA	C	0.03%
AVTR	F	0.03%
SM	C	0.03%
MASI	B	0.03%
DBRG	F	0.03%
SHOO	D	0.03%
MATX	B	0.03%
XPO	B	0.03%
BLD	F	0.03%
ASO	F	0.03%
OSK	B	0.03%
IVZ	C	0.03%
HOOD	B	0.03%
NYT	C	0.03%
KBH	D	0.03%
MORN	A	0.03%
COLD	F	0.03%
AWI	A	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	F	0.02%
TTMI	A	0.02%
DNOW	B	0.02%
LAUR	B	0.02%
WAL	B	0.02%
LXP	D	0.02%
SNV	B	0.02%
BHE	B	0.02%
UHAL	C	0.02%
SATS	C	0.02%
BEN	C	0.02%
AA	C	0.02%
AXTA	B	0.02%
JBLU	D	0.02%
LEG	F	0.02%
TTEK	C	0.02%
ODFL	B	0.02%
OSIS	C	0.02%
VSH	F	0.02%
ANDE	D	0.02%
TDC	D	0.02%
LAD	B	0.02%
HNI	B	0.02%
APG	B	0.02%
HP	C	0.02%
BXP	D	0.02%
WKC	D	0.02%
SNDR	A	0.02%
NSP	F	0.02%
NAVI	C	0.02%
MDU	F	0.02%
PNR	B	0.02%
ODP	F	0.02%
DOW	F	0.02%
PMT	F	0.02%
VFC	C	0.02%
RLJ	C	0.02%
EPC	F	0.02%
LNW	C	0.02%
APOG	B	0.02%
DOV	A	0.02%
PFSI	D	0.02%
YELP	C	0.02%
PBF	F	0.02%
NWL	B	0.02%
AIR	C	0.02%
SXT	B	0.02%
NTCT	B	0.02%
VSCO	B	0.02%
GWRE	A	0.02%
CINF	A	0.02%
MCY	B	0.02%
XHR	B	0.02%
SKX	F	0.02%
EWBC	A	0.02%
DORM	B	0.02%
AGCO	F	0.02%
CCL	A	0.02%
HAE	B	0.02%
CTLT	C	0.02%
SBH	C	0.02%
GHC	B	0.02%
FAF	D	0.02%
CXW	B	0.02%
KBR	B	0.02%
GEF	A	0.02%
WMS	F	0.02%
HII	D	0.02%
KMPR	A	0.02%
DK	D	0.02%
PVH	C	0.02%
THS	F	0.02%
MSA	D	0.02%
STC	C	0.02%
VSTO	A	0.02%
GMED	B	0.02%
ADNT	F	0.02%
PDCO	D	0.02%
WRB	B	0.02%
LZB	C	0.02%
PSN	A	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%
NOV	D	0.01%
KNX	B	0.01%
CPRI	F	0.01%
SCL	C	0.01%
UHAL	C	0.01%
RKT	D	0.01%
MLKN	D	0.01%
MKSI	D	0.01%
PARA	C	0.01%
CACC	F	0.01%
IMKTA	C	0.01%
CNXN	C	0.01%
WOR	D	0.01%
ECPG	B	0.01%
ARI	D	0.01%
IGT	D	0.01%
RDN	C	0.01%
HTH	B	0.01%
GIII	C	0.01%
UVV	B	0.01%
SR	C	0.01%
WGO	B	0.01%
SSB	B	0.01%
ARCH	B	0.01%
CVI	F	0.01%
ALEX	B	0.01%
SEB	F	0.01%
OUT	C	0.01%
XRX	F	0.01%
SWX	B	0.01%
ARMK	C	0.01%
KALU	B	0.01%
CNS	B	0.01%
CENTA	C	0.01%
SHO	B	0.01%
SPR	F	0.01%
WAFD	B	0.01%
JELD	F	0.01%
JBGS	F	0.01%
SIGI	B	0.01%
PECO	B	0.01%
AMED	F	0.01%
WMK	B	0.01%
CFR	B	0.01%
OMI	F	0.01%
BRC	B	0.01%
DY	C	0.01%
FDP	B	0.01%
STRA	C	0.01%
DAN	F	0.01%
FELE	B	0.01%
LEA	F	0.01%
KN	B	0.01%
ONB	A	0.01%
CBSH	A	0.01%
IDCC	A	0.01%
TNET	D	0.01%
FHN	B	0.01%
MHK	D	0.01%
DXC	B	0.01%
CSGS	B	0.01%
WTFC	A	0.01%
CADE	B	0.01%
ESNT	D	0.01%
BBWI	C	0.01%
LADR	B	0.01%
FLR	C	0.01%
AES	F	0.01%
WWD	B	0.01%
H	C	0.01%
ESAB	B	0.01%
MUR	F	0.01%
GOLF	B	0.01%
GES	F	0.01%
SLB	D	0.01%
ALGN	D	0.01%
IOSP	B	0.01%
GME	C	0.01%
PTEN	D	0.01%
UAL	A	0.01%
SCS	C	0.01%
NNI	C	0.01%
SAH	B	0.01%
PSMT	D	0.01%
KEX	A	0.01%
AMWD	B	0.01%
ICUI	C	0.01%
ADC	B	0.01%
BMRN	F	0.01%
VNT	B	0.01%
WBS	B	0.01%
DEI	C	0.01%
SF	A	0.01%
GT	C	0.01%
SCCO	D	0.0%
NOMD	F	0.0%
WOLF	F	0.0%

MFUS Underweight 86 Positions Relative to JPME

Symbol	Grade	Weight
CIEN	B	-0.5%
SNA	A	-0.43%
GRMN	A	-0.43%
TPL	A	-0.42%
LNG	B	-0.41%
PFGC	B	-0.41%
AM	B	-0.4%
OGE	B	-0.4%
BRX	B	-0.39%
CF	B	-0.39%
ORI	A	-0.39%
XEL	A	-0.39%
AME	A	-0.38%
PR	B	-0.38%
WEC	B	-0.38%
PCG	A	-0.37%
CBOE	D	-0.36%
REG	B	-0.36%
ROKU	C	-0.36%
FBIN	F	-0.36%
WLK	F	-0.34%
BRBR	A	-0.34%
VICI	D	-0.33%
EPR	D	-0.33%
LITE	B	-0.33%
CTRA	C	-0.32%
BG	D	-0.32%
BPOP	C	-0.31%
KVUE	A	-0.31%
EG	D	-0.31%
MOH	F	-0.31%
LH	B	-0.31%
HIW	D	-0.31%
WY	F	-0.31%
SNX	C	-0.3%
MEDP	D	-0.3%
STAG	F	-0.3%
ROST	F	-0.3%
IQV	F	-0.3%
ASH	F	-0.29%
KRC	C	-0.29%
FRPT	B	-0.28%
DVN	F	-0.27%
SWKS	F	-0.26%
HAL	D	-0.26%
ON	D	-0.26%
QGEN	F	-0.26%
VEEV	B	-0.26%
BYD	A	-0.26%
OVV	C	-0.25%
JAZZ	B	-0.24%
EGP	D	-0.24%
IRDM	C	-0.24%
FMC	F	-0.23%
AGO	B	-0.23%
MCHP	F	-0.23%
IDA	A	-0.23%
STWD	D	-0.22%
MGM	F	-0.22%
PRI	A	-0.21%
REXR	F	-0.19%
NVT	B	-0.19%
AFG	B	-0.18%
UI	A	-0.18%
FRT	C	-0.18%
ACHC	F	-0.18%
REYN	D	-0.17%
KEYS	B	-0.17%
AXS	B	-0.15%
APA	F	-0.15%
CUZ	C	-0.15%
TXT	D	-0.14%
ACGL	D	-0.11%
CXT	D	-0.1%
NSA	D	-0.09%
TNL	A	-0.07%
FNB	A	-0.07%
TECH	C	-0.06%
CNXC	F	-0.06%
NVST	C	-0.05%
GO	D	-0.05%
PAYC	B	-0.04%
FTRE	D	-0.03%
ADTN	B	-0.03%
AEE	A	-0.02%
CNA	D	-0.0%