MFUS vs. JUST ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST)

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

$50.73

Average Daily Volume

5,797

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$83.42

Average Daily Volume

8,049

Number of Holdings ^*

456

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JUST
30 Days	-1.28%	0.11%
60 Days	2.61%	4.16%
90 Days	5.00%	5.73%
12 Months	31.44%	31.40%

325 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in JUST	Overlap
A	D	0.05%	0.08%	0.05%
AA	A	0.02%	0.03%	0.02%
AAPL	C	0.96%	7.25%	0.96%
ABBV	F	1.36%	0.67%	0.67%
ACM	B	0.03%	0.04%	0.03%
ACN	C	0.25%	0.58%	0.25%
ADBE	F	0.04%	0.51%	0.04%
ADM	D	0.22%	0.07%	0.07%
ADP	B	0.11%	0.31%	0.11%
ADSK	B	0.09%	0.14%	0.09%
AEP	C	0.08%	0.14%	0.08%
AES	F	0.01%	0.03%	0.01%
AFL	C	0.21%	0.18%	0.18%
AGCO	D	0.02%	0.01%	0.01%
AIG	B	0.34%	0.14%	0.14%
AIZ	A	0.09%	0.03%	0.03%
AKAM	F	0.02%	0.03%	0.02%
ALL	A	0.26%	0.15%	0.15%
ALLY	C	0.05%	0.03%	0.03%
ALNY	D	0.06%	0.07%	0.06%
AMAT	F	0.55%	0.34%	0.34%
AMGN	D	0.94%	0.35%	0.35%
AMP	A	0.18%	0.16%	0.16%
AMT	D	0.13%	0.31%	0.13%
AMZN	B	1.71%	4.89%	1.71%
ANSS	B	0.05%	0.07%	0.05%
AON	A	0.24%	0.21%	0.21%
ARMK	C	0.01%	0.02%	0.01%
ATR	B	0.08%	0.03%	0.03%
AVB	A	0.03%	0.11%	0.03%
AVGO	C	1.59%	1.69%	1.59%
AVTR	F	0.03%	0.03%	0.03%
AWI	A	0.04%	0.02%	0.02%
AXP	A	0.23%	0.41%	0.23%
AYI	A	0.1%	0.03%	0.03%
BAC	A	0.45%	0.9%	0.45%
BAH	D	0.15%	0.05%	0.05%
BALL	D	0.07%	0.05%	0.05%
BAX	F	0.04%	0.04%	0.04%
BBWI	C	0.01%	0.02%	0.01%
BBY	C	0.21%	0.05%	0.05%
BDX	F	0.11%	0.15%	0.11%
BERY	D	0.06%	0.02%	0.02%
BHF	A	0.04%	0.01%	0.01%
BIIB	F	0.07%	0.05%	0.05%
BK	A	0.18%	0.17%	0.17%
BKNG	A	0.42%	0.45%	0.42%
BKR	A	0.08%	0.1%	0.08%
BLD	F	0.03%	0.03%	0.03%
BLK	A	0.19%	0.45%	0.19%
BMY	B	0.41%	0.27%	0.27%
BR	A	0.17%	0.08%	0.08%
BSX	B	0.2%	0.29%	0.2%
BWA	A	0.01%	0.02%	0.01%
BXP	D	0.02%	0.04%	0.02%
C	A	0.69%	0.38%	0.38%
CAH	B	0.27%	0.07%	0.07%
CARR	D	0.05%	0.16%	0.05%
CAT	B	0.2%	0.48%	0.2%
CBRE	B	0.05%	0.14%	0.05%
CCI	D	0.07%	0.15%	0.07%
CE	F	0.02%	0.02%	0.02%
CEG	D	0.11%	0.2%	0.11%
CHRW	A	0.14%	0.03%	0.03%
CHTR	B	0.3%	0.08%	0.08%
CI	D	0.13%	0.2%	0.13%
CL	D	0.35%	0.19%	0.19%
CLF	F	0.01%	0.01%	0.01%
CLX	A	0.12%	0.05%	0.05%
CMA	A	0.04%	0.03%	0.03%
CMCSA	B	0.16%	0.37%	0.16%
CME	A	0.14%	0.23%	0.14%
CMG	B	0.2%	0.22%	0.2%
CMI	A	0.14%	0.13%	0.13%
CNC	F	0.04%	0.07%	0.04%
COF	A	0.29%	0.17%	0.17%
COP	C	0.07%	0.31%	0.07%
COR	B	0.17%	0.1%	0.1%
COST	B	1.35%	1.09%	1.09%
CPB	D	0.04%	0.02%	0.02%
CPRT	A	0.09%	0.13%	0.09%
CRUS	F	0.04%	0.01%	0.01%
CSCO	B	0.68%	0.52%	0.52%
CSL	B	0.02%	0.05%	0.02%
CSX	B	0.11%	0.18%	0.11%
CVS	F	0.65%	0.18%	0.18%
CVX	A	0.39%	0.67%	0.39%
D	C	0.07%	0.13%	0.07%
DD	D	0.1%	0.09%	0.09%
DECK	A	0.17%	0.07%	0.07%
DFS	A	0.1%	0.12%	0.1%
DGX	A	0.09%	0.04%	0.04%
DHR	D	0.24%	0.35%	0.24%
DINO	D	0.01%	0.01%	0.01%
DKS	D	0.08%	0.03%	0.03%
DLR	A	0.09%	0.2%	0.09%
DOW	F	0.02%	0.08%	0.02%
DUK	C	0.13%	0.24%	0.13%
DVA	C	0.16%	0.02%	0.02%
EA	A	0.18%	0.12%	0.12%
EBAY	D	0.36%	0.08%	0.08%
ECL	D	0.08%	0.16%	0.08%
EIX	C	0.05%	0.09%	0.05%
ELV	F	0.16%	0.21%	0.16%
EMN	C	0.04%	0.03%	0.03%
EMR	A	0.09%	0.18%	0.09%
EQH	B	0.08%	0.05%	0.05%
EQR	C	0.04%	0.09%	0.04%
ES	C	0.03%	0.06%	0.03%
ESS	A	0.04%	0.07%	0.04%
ETR	A	0.05%	0.09%	0.05%
EXC	C	0.07%	0.11%	0.07%
EXEL	B	0.05%	0.02%	0.02%
F	C	0.16%	0.11%	0.11%
FCN	F	0.05%	0.02%	0.02%
FFIV	B	0.06%	0.03%	0.03%
FHN	A	0.01%	0.03%	0.01%
FI	A	0.19%	0.31%	0.19%
FITB	A	0.04%	0.09%	0.04%
FOXA	A	0.11%	0.03%	0.03%
FTNT	A	0.07%	0.13%	0.07%
GAP	C	0.06%	0.01%	0.01%
GDDY	A	0.12%	0.06%	0.06%
GE	D	0.56%	0.5%	0.5%
GEN	B	0.11%	0.04%	0.04%
GILD	B	0.87%	0.26%	0.26%
GIS	D	0.17%	0.09%	0.09%
GLW	B	0.2%	0.08%	0.08%
GM	A	0.4%	0.17%	0.17%
GPK	D	0.08%	0.02%	0.02%
GS	A	0.41%	0.54%	0.41%
GWRE	B	0.02%	0.04%	0.02%
H	B	0.01%	0.02%	0.01%
HBAN	A	0.03%	0.07%	0.03%
HCA	D	0.25%	0.15%	0.15%
HD	A	0.62%	1.07%	0.62%
HIG	C	0.06%	0.1%	0.06%
HLT	A	0.1%	0.16%	0.1%
HOG	D	0.02%	0.01%	0.01%
HOLX	D	0.03%	0.04%	0.03%
HPE	B	0.11%	0.06%	0.06%
HPQ	B	0.28%	0.08%	0.08%
HRB	D	0.08%	0.02%	0.02%
HRL	D	0.02%	0.02%	0.02%
HSIC	D	0.03%	0.02%	0.02%
HSY	F	0.05%	0.07%	0.05%
IBM	D	1.05%	0.42%	0.42%
ICE	D	0.29%	0.25%	0.25%
IDXX	F	0.05%	0.08%	0.05%
IEX	B	0.09%	0.05%	0.05%
IFF	D	0.03%	0.06%	0.03%
INCY	B	0.01%	0.03%	0.01%
INGR	B	0.07%	0.03%	0.03%
INTC	C	0.2%	0.23%	0.2%
IPG	F	0.04%	0.03%	0.03%
IR	A	0.09%	0.11%	0.09%
IRM	D	0.12%	0.11%	0.11%
ISRG	A	0.29%	0.43%	0.29%
IT	B	0.15%	0.09%	0.09%
ITT	A	0.08%	0.03%	0.03%
IVZ	B	0.03%	0.02%	0.02%
JCI	A	0.07%	0.15%	0.07%
JLL	C	0.06%	0.04%	0.04%
JNPR	D	0.13%	0.03%	0.03%
JPM	A	0.99%	2.01%	0.99%
K	B	0.15%	0.06%	0.06%
KBR	D	0.02%	0.02%	0.02%
KDP	D	0.07%	0.1%	0.07%
KEY	A	0.03%	0.05%	0.03%
KIM	A	0.02%	0.06%	0.02%
KMB	C	0.16%	0.11%	0.11%
KMI	A	0.11%	0.12%	0.11%
KO	D	1.0%	0.62%	0.62%
KSS	F	0.02%	0.01%	0.01%
LDOS	C	0.11%	0.05%	0.05%
LEA	F	0.01%	0.02%	0.01%
LHX	B	0.26%	0.12%	0.12%
LII	B	0.21%	0.05%	0.05%
LLY	F	2.39%	1.41%	1.41%
LMT	D	0.75%	0.29%	0.29%
LNC	A	0.03%	0.02%	0.02%
LOPE	B	0.05%	0.01%	0.01%
LOW	A	0.35%	0.41%	0.35%
LPLA	A	0.07%	0.07%	0.07%
LPX	A	0.08%	0.02%	0.02%
LRCX	F	0.17%	0.21%	0.17%
LYB	F	0.15%	0.05%	0.05%
M	C	0.02%	0.01%	0.01%
MA	A	0.28%	1.1%	0.28%
MAR	A	0.04%	0.17%	0.04%
MAS	D	0.06%	0.04%	0.04%
MCK	A	0.63%	0.2%	0.2%
MCO	C	0.15%	0.22%	0.15%
MDLZ	F	0.23%	0.22%	0.22%
MDU	D	0.02%	0.01%	0.01%
MET	A	0.32%	0.14%	0.14%
MKC	D	0.05%	0.05%	0.05%
MKTX	C	0.02%	0.03%	0.02%
MLM	B	0.07%	0.09%	0.07%
MMC	C	0.2%	0.32%	0.2%
MMM	D	0.6%	0.19%	0.19%
MOS	D	0.01%	0.02%	0.01%
MPC	D	0.34%	0.13%	0.13%
MPWR	F	0.06%	0.06%	0.06%
MRK	F	0.84%	0.56%	0.56%
MS	A	0.22%	0.45%	0.22%
MSCI	A	0.07%	0.13%	0.07%
MTB	A	0.04%	0.1%	0.04%
MTG	C	0.02%	0.02%	0.02%
MU	D	0.16%	0.24%	0.16%
NDAQ	A	0.05%	0.09%	0.05%
NDSN	B	0.04%	0.04%	0.04%
NEE	C	0.22%	0.43%	0.22%
NEM	F	0.16%	0.12%	0.12%
NKE	D	0.06%	0.24%	0.06%
NOC	D	0.35%	0.18%	0.18%
NOW	B	0.36%	0.46%	0.36%
NRG	B	0.07%	0.05%	0.05%
NTAP	D	0.1%	0.06%	0.06%
NVDA	B	1.9%	7.5%	1.9%
NWSA	B	0.04%	0.03%	0.03%
OC	A	0.02%	0.05%	0.02%
OGN	F	0.04%	0.01%	0.01%
OKE	A	0.1%	0.15%	0.1%
OMC	C	0.06%	0.05%	0.05%
OSK	C	0.04%	0.02%	0.02%
OTIS	D	0.07%	0.1%	0.07%
PAG	A	0.02%	0.01%	0.01%
PANW	B	0.25%	0.26%	0.25%
PARA	C	0.01%	0.02%	0.01%
PEG	C	0.06%	0.12%	0.06%
PEP	F	0.74%	0.58%	0.58%
PFE	F	0.57%	0.33%	0.33%
PFG	C	0.01%	0.06%	0.01%
PG	C	1.01%	1.0%	1.0%
PGR	B	0.59%	0.44%	0.44%
PINC	B	0.03%	0.01%	0.01%
PNC	A	0.12%	0.24%	0.12%
PNR	A	0.02%	0.04%	0.02%
PNW	A	0.01%	0.03%	0.01%
PPG	F	0.04%	0.07%	0.04%
PPL	A	0.04%	0.07%	0.04%
PRU	A	0.23%	0.13%	0.13%
PVH	C	0.02%	0.02%	0.02%
PWR	A	0.12%	0.12%	0.12%
PYPL	A	0.12%	0.22%	0.12%
QCOM	F	0.77%	0.4%	0.4%
RCL	A	0.1%	0.15%	0.1%
REGN	F	0.36%	0.18%	0.18%
RF	A	0.02%	0.07%	0.02%
RGA	A	0.06%	0.04%	0.04%
RKT	F	0.01%	0.0%	0.0%
RMD	C	0.16%	0.07%	0.07%
RRC	B	0.03%	0.02%	0.02%
RTX	D	0.22%	0.4%	0.22%
SBAC	D	0.03%	0.08%	0.03%
SBUX	A	0.09%	0.3%	0.09%
SCHW	A	0.05%	0.35%	0.05%
SCI	B	0.07%	0.03%	0.03%
SHW	B	0.22%	0.23%	0.22%
SLM	A	0.06%	0.02%	0.02%
SNDR	B	0.02%	0.0%	0.0%
SNV	A	0.02%	0.02%	0.02%
SON	D	0.04%	0.01%	0.01%
SPGI	C	0.29%	0.46%	0.29%
SPR	D	0.01%	0.01%	0.01%
SRE	A	0.08%	0.16%	0.08%
SYF	A	0.31%	0.07%	0.07%
SYY	D	0.12%	0.1%	0.1%
T	A	0.73%	0.36%	0.36%
TAP	A	0.09%	0.03%	0.03%
TDC	F	0.01%	0.01%	0.01%
TER	F	0.03%	0.04%	0.03%
TFC	A	0.09%	0.18%	0.09%
TFX	F	0.02%	0.02%	0.02%
TGT	D	0.74%	0.19%	0.19%
THG	A	0.05%	0.02%	0.02%
TJX	A	0.37%	0.36%	0.36%
TKR	F	0.04%	0.01%	0.01%
TMO	D	0.28%	0.46%	0.28%
TMUS	A	0.43%	0.26%	0.26%
TPR	A	0.01%	0.04%	0.01%
TRV	A	0.2%	0.17%	0.17%
TSCO	D	0.11%	0.08%	0.08%
TSN	A	0.18%	0.05%	0.05%
TTWO	A	0.07%	0.08%	0.07%
TW	B	0.06%	0.04%	0.04%
TXN	C	0.29%	0.41%	0.29%
TYL	B	0.08%	0.06%	0.06%
UAL	A	0.02%	0.08%	0.02%
UBER	C	0.21%	0.38%	0.21%
UDR	C	0.03%	0.05%	0.03%
UNH	B	0.79%	1.22%	0.79%
UNM	A	0.04%	0.04%	0.04%
UNP	D	0.51%	0.37%	0.37%
UPS	C	0.24%	0.25%	0.24%
URI	B	0.09%	0.14%	0.09%
USB	B	0.11%	0.23%	0.11%
USFD	B	0.05%	0.04%	0.04%
V	A	0.31%	1.24%	0.31%
VFC	B	0.02%	0.02%	0.02%
VLO	C	0.16%	0.11%	0.11%
VNT	C	0.01%	0.02%	0.01%
VRSK	B	0.16%	0.11%	0.11%
VRTX	C	0.22%	0.28%	0.22%
VST	A	0.23%	0.13%	0.13%
VTR	C	0.04%	0.09%	0.04%
VZ	C	1.0%	0.38%	0.38%
WAB	B	0.05%	0.09%	0.05%
WAT	B	0.05%	0.05%	0.05%
WBA	F	0.12%	0.02%	0.02%
WDC	F	0.08%	0.04%	0.04%
WH	A	0.04%	0.02%	0.02%
WHR	A	0.03%	0.02%	0.02%
WM	B	0.28%	0.25%	0.25%
WMB	A	0.1%	0.16%	0.1%
WMT	A	1.71%	0.97%	0.97%
WSM	F	0.18%	0.04%	0.04%
WTW	B	0.11%	0.09%	0.09%
WU	F	0.06%	0.01%	0.01%
XOM	B	0.43%	1.29%	0.43%
XRAY	F	0.02%	0.01%	0.01%
XYL	D	0.1%	0.07%	0.07%
ZBRA	B	0.04%	0.05%	0.04%
ZTS	D	0.05%	0.18%	0.05%

MFUS Overweight 490 Positions Relative to JUST

Symbol	Grade	Weight
BRK.A	A	2.42%
META	C	2.35%
ORCL	A	1.52%
JNJ	D	1.18%
WFC	A	0.97%
PM	A	0.87%
MO	A	0.73%
MCD	D	0.53%
NFLX	A	0.52%
KR	B	0.38%
THC	C	0.28%
AZO	C	0.28%
FICO	A	0.25%
SFM	A	0.25%
ANF	C	0.25%
GD	D	0.24%
KLAC	F	0.23%
PLTR	A	0.23%
PSX	C	0.23%
GWW	A	0.21%
MSI	A	0.2%
ORLY	A	0.2%
UTHR	B	0.19%
CTAS	B	0.19%
HWM	A	0.17%
WSO	A	0.17%
AJG	A	0.16%
CB	C	0.16%
MUSA	A	0.16%
SPG	A	0.16%
CASY	B	0.16%
TDG	D	0.15%
KHC	F	0.15%
KKR	A	0.15%
ANET	C	0.14%
VTRS	A	0.14%
PH	A	0.14%
BX	A	0.13%
SO	C	0.13%
DPZ	C	0.13%
EVR	A	0.13%
FAST	B	0.13%
RSG	B	0.13%
RPM	A	0.13%
YUM	D	0.13%
WELL	A	0.12%
BRO	B	0.12%
APH	B	0.12%
CW	B	0.11%
TRGP	A	0.11%
EXPD	D	0.11%
CRS	A	0.11%
DASH	B	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	C	0.11%
BWXT	A	0.11%
APP	A	0.11%
PHM	D	0.1%
COIN	A	0.1%
PKG	B	0.1%
JXN	B	0.1%
ITW	B	0.1%
JKHY	D	0.1%
SEIC	A	0.09%
MLI	B	0.09%
DG	F	0.09%
ARES	B	0.09%
WCC	A	0.09%
CALM	A	0.09%
LSTR	D	0.09%
TROW	A	0.09%
IP	A	0.09%
EHC	B	0.09%
CACI	C	0.09%
TMHC	B	0.09%
NVR	D	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	C	0.09%
AOS	F	0.08%
SLG	B	0.08%
NUE	D	0.08%
ABG	A	0.08%
MTD	F	0.08%
HLI	A	0.08%
ROL	A	0.07%
GLPI	D	0.07%
UFPI	C	0.07%
EXP	B	0.07%
CHD	A	0.07%
BCC	B	0.07%
POOL	D	0.07%
NSC	B	0.07%
SKYW	A	0.07%
GEHC	D	0.07%
GEO	A	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
R	A	0.07%
AEO	F	0.07%
STE	D	0.07%
MNST	D	0.07%
FIS	B	0.07%
HCC	B	0.07%
STZ	D	0.06%
G	A	0.06%
VIRT	A	0.06%
BC	D	0.06%
SEE	B	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	A	0.06%
LECO	C	0.06%
GNRC	B	0.06%
CPT	D	0.06%
KTB	A	0.06%
CHE	D	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%
IBKR	A	0.06%
LUMN	C	0.06%
SQ	A	0.06%
L	A	0.06%
PK	C	0.06%
TXRH	A	0.06%
DHI	D	0.06%
TTC	D	0.06%
AMG	A	0.06%
AN	D	0.06%
MSM	C	0.06%
ROP	C	0.06%
TOL	B	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	B	0.05%
AR	B	0.05%
NSIT	F	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	D	0.05%
TGNA	B	0.05%
WST	C	0.05%
GNTX	C	0.05%
MTN	C	0.05%
CRI	D	0.05%
SLGN	B	0.05%
POST	D	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	A	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	D	0.05%
HBI	A	0.05%
WEN	C	0.05%
MMS	D	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
O	D	0.05%
AVT	C	0.04%
XPO	B	0.04%
LANC	D	0.04%
SEM	B	0.04%
AMH	C	0.04%
CXW	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	A	0.04%
CTVA	D	0.04%
PSTG	F	0.04%
AGNC	C	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	C	0.04%
FLO	D	0.04%
ELS	B	0.04%
FL	F	0.04%
ULTA	D	0.04%
OLN	F	0.04%
CFG	A	0.04%
PAYX	B	0.04%
ARW	D	0.04%
CAG	F	0.04%
CPNG	C	0.04%
RUSHA	B	0.04%
TRN	A	0.04%
SANM	B	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	A	0.04%
NBIX	D	0.04%
VRSN	D	0.04%
CUBE	C	0.04%
SJM	F	0.04%
WTM	A	0.04%
PTC	B	0.04%
ATI	D	0.04%
STLD	B	0.04%
MAC	A	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
VLTO	D	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
EME	B	0.04%
HOOD	A	0.04%
JHG	A	0.04%
RS	B	0.04%
AROC	A	0.04%
ABM	B	0.04%
ERIE	F	0.04%
DCI	B	0.04%
WERN	B	0.04%
DOV	A	0.04%
COKE	C	0.03%
HXL	F	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	B	0.03%
KMPR	A	0.03%
LZB	A	0.03%
WPC	D	0.03%
HAE	A	0.03%
UNF	A	0.03%
APAM	A	0.03%
FNF	C	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	D	0.03%
JEF	A	0.03%
AMKR	F	0.03%
COLD	F	0.03%
LBRDK	B	0.03%
DRI	B	0.03%
BKE	A	0.03%
FHI	A	0.03%
MRO	A	0.03%
OMF	A	0.03%
RPRX	F	0.03%
BURL	C	0.03%
X	D	0.03%
NTRS	A	0.03%
DELL	C	0.03%
PLXS	B	0.03%
CDW	F	0.03%
CG	B	0.03%
OI	C	0.03%
PRG	A	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	C	0.03%
AVA	C	0.03%
DBRG	D	0.03%
CMS	C	0.03%
LW	C	0.03%
COHR	B	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	A	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	A	0.03%
DDS	B	0.03%
GGG	A	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	C	0.03%
HUBB	B	0.03%
CPAY	A	0.03%
MC	B	0.03%
MATX	B	0.03%
MASI	A	0.03%
TPX	A	0.03%
NYT	D	0.03%
BJ	B	0.03%
MORN	B	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	A	0.02%
KEX	A	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	F	0.02%
SSNC	D	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
SF	A	0.02%
BHE	B	0.02%
BRKR	F	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%
WAL	A	0.02%
AXTA	A	0.02%
ANDE	C	0.02%
ZION	A	0.02%
APG	C	0.02%
NSP	F	0.02%
HP	C	0.02%
ODFL	B	0.02%
HST	D	0.02%
DNOW	A	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	A	0.02%
WKC	C	0.02%
OSIS	A	0.02%
NAVI	D	0.02%
WMS	F	0.02%
LNW	D	0.02%
EPC	F	0.02%
MAA	A	0.02%
LNT	A	0.02%
JBLU	C	0.02%
PFSI	D	0.02%
VVV	B	0.02%
THS	F	0.02%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	D	0.02%
NWL	B	0.02%
OHI	C	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
SAM	B	0.02%
CTLT	C	0.02%
PSN	C	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
CINF	A	0.02%
EWBC	A	0.02%
NTCT	B	0.02%
VSCO	A	0.02%
MCY	A	0.02%
AIR	B	0.02%
FAF	C	0.02%
SBH	A	0.02%
HII	F	0.02%
BFAM	F	0.02%
VSTO	A	0.02%
CCL	A	0.02%
RYN	D	0.02%
JBHT	B	0.02%
ADNT	F	0.02%
ORA	B	0.02%
GEF	A	0.02%
MSA	D	0.02%
WRB	A	0.02%
NEU	C	0.02%
GHC	A	0.02%
STC	A	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
NOV	D	0.01%
KNX	B	0.01%
UHAL	D	0.01%
JELD	F	0.01%
SCL	D	0.01%
MLKN	F	0.01%
IGT	F	0.01%
CACC	D	0.01%
RVTY	D	0.01%
ARI	D	0.01%
WOR	F	0.01%
ELAN	C	0.01%
CNXN	D	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	A	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	D	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
OUT	C	0.01%
SHO	D	0.01%
WGO	B	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	A	0.01%
SWX	A	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	D	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	F	0.01%
SAIC	D	0.01%
OMI	F	0.01%
FDP	A	0.01%
SIGI	A	0.01%
WAFD	A	0.01%
CROX	F	0.01%
BRC	C	0.01%
DY	C	0.01%
SPB	C	0.01%
PPC	B	0.01%
NNN	D	0.01%
CFR	A	0.01%
FELE	B	0.01%
DAN	F	0.01%
WMK	B	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
ESNT	D	0.01%
DXC	C	0.01%
IDCC	A	0.01%
LADR	A	0.01%
NNI	C	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	D	0.01%
ONB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
TTEK	D	0.01%
MUR	F	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	A	0.01%
BMRN	F	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	D	0.01%
CADE	A	0.01%
WTFC	A	0.01%
PSMT	D	0.01%
ALGN	D	0.01%
ADC	A	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
SLB	C	0.01%
GOLF	A	0.01%
FR	D	0.01%
DTM	A	0.01%
DEI	B	0.01%
AMWD	B	0.01%
PTEN	D	0.01%
SCS	A	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 131 Positions Relative to JUST

Symbol	Grade	Weight
MSFT	D	-6.93%
GOOGL	B	-2.25%
GOOG	B	-1.91%
CRM	A	-0.68%
LIN	D	-0.57%
DIS	A	-0.53%
AMD	F	-0.49%
ABT	B	-0.45%
INTU	A	-0.41%
HON	A	-0.38%
ETN	A	-0.37%
PLD	D	-0.36%
SYK	A	-0.31%
EQIX	B	-0.29%
MDT	D	-0.25%
DE	D	-0.25%
BA	F	-0.24%
GEV	A	-0.23%
ADI	D	-0.23%
TT	A	-0.23%
CDNS	B	-0.18%
SNPS	C	-0.18%
APD	A	-0.18%
MRVL	B	-0.17%
FDX	A	-0.17%
ABNB	C	-0.16%
FCX	F	-0.16%
WDAY	B	-0.13%
LULU	C	-0.11%
XEL	A	-0.11%
AME	A	-0.11%
DAL	A	-0.11%
LNG	A	-0.11%
HES	B	-0.1%
ACGL	C	-0.1%
CSGP	F	-0.1%
EW	C	-0.09%
GRMN	B	-0.09%
CTSH	B	-0.09%
HUM	F	-0.08%
WY	D	-0.08%
OXY	F	-0.08%
IQV	F	-0.08%
STT	A	-0.08%
ROK	A	-0.08%
AEE	A	-0.07%
DXCM	C	-0.07%
FTV	D	-0.07%
KEYS	C	-0.07%
AWK	C	-0.07%
NET	C	-0.06%
CBOE	D	-0.06%
DVN	F	-0.06%
EXPE	A	-0.06%
WBD	B	-0.06%
HAL	C	-0.06%
ON	F	-0.06%
LVS	C	-0.05%
ZM	B	-0.05%
J	D	-0.05%
LH	B	-0.05%
ILMN	C	-0.05%
TRU	D	-0.05%
ZBH	C	-0.05%
FSLR	F	-0.05%
CNP	A	-0.05%
LUV	A	-0.05%
DOCU	A	-0.04%
Z	A	-0.04%
NTNX	A	-0.04%
SOFI	A	-0.04%
APTV	F	-0.04%
ZS	B	-0.04%
TXT	D	-0.04%
EL	F	-0.04%
CF	A	-0.04%
MDB	C	-0.04%
AAL	B	-0.03%
DAY	B	-0.03%
OKTA	D	-0.03%
CNH	D	-0.03%
PNFP	A	-0.03%
MRNA	F	-0.03%
OWL	A	-0.03%
AFRM	A	-0.03%
ALB	C	-0.03%
NCLH	B	-0.03%
NVT	B	-0.03%
BG	D	-0.03%
SWK	F	-0.03%
KMX	B	-0.03%
ESTC	C	-0.02%
SMAR	A	-0.02%
DBX	C	-0.02%
AZEK	B	-0.02%
FOX	A	-0.02%
RGEN	D	-0.02%
SITE	D	-0.02%
ETSY	D	-0.02%
MTCH	F	-0.02%
APA	F	-0.02%
FMC	F	-0.02%
ALK	A	-0.02%
COLB	A	-0.02%
AXS	A	-0.02%
HAS	D	-0.02%
VOYA	A	-0.02%
CIEN	B	-0.02%
SOLV	C	-0.02%
MGM	D	-0.02%
FBIN	D	-0.02%
CAR	C	-0.01%
DV	C	-0.01%
RARE	F	-0.01%
NVST	C	-0.01%
AGR	A	-0.01%
PEGA	B	-0.01%
PENN	B	-0.01%
W	F	-0.01%
YETI	F	-0.01%
PII	F	-0.01%
NWS	A	-0.01%
TNL	A	-0.01%
INSP	F	-0.01%
CHH	A	-0.01%
GTLB	B	-0.01%
ST	F	-0.01%
LITE	A	-0.01%
ZG	A	-0.01%
AGO	A	-0.01%
QS	F	-0.0%