MFUS vs. JVAL ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to JPMorgan U.S. Value Factor ETF (JVAL)

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

JVAL

JPMorgan U.S. Value Factor ETF

JVAL Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent value factor characteristics.

Grade (RS Rating)

Last Trade

$45.23

Average Daily Volume

59,043

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JVAL
30 Days	2.73%	4.55%
60 Days	3.41%	4.91%
90 Days	5.38%	6.18%
12 Months	32.49%	29.11%

258 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in JVAL	Overlap
AAP	C	0.01%	0.1%	0.01%
AAPL	C	0.96%	1.87%	0.96%
ACI	C	0.01%	0.17%	0.01%
ADM	D	0.22%	0.24%	0.22%
AGCO	D	0.02%	0.17%	0.02%
AGNC	D	0.04%	0.11%	0.04%
AIG	B	0.34%	0.36%	0.34%
AKAM	D	0.02%	0.21%	0.02%
ALLY	C	0.05%	0.21%	0.05%
ALSN	B	0.11%	0.29%	0.11%
AMAT	F	0.55%	0.7%	0.55%
AMGN	D	0.94%	0.65%	0.65%
AMKR	D	0.03%	0.07%	0.03%
AN	C	0.06%	0.2%	0.06%
ANSS	B	0.05%	0.19%	0.05%
APH	A	0.12%	0.51%	0.12%
APP	B	0.11%	0.87%	0.11%
ARMK	B	0.01%	0.13%	0.01%
ARW	D	0.04%	0.19%	0.04%
AVGO	D	1.59%	1.92%	1.59%
AVT	C	0.04%	0.21%	0.04%
AYI	B	0.1%	0.2%	0.1%
BAC	A	0.45%	0.45%	0.45%
BAX	D	0.04%	0.13%	0.04%
BBWI	D	0.01%	0.12%	0.01%
BBY	D	0.21%	0.23%	0.21%
BC	C	0.06%	0.21%	0.06%
BDX	F	0.11%	0.06%	0.06%
BEN	C	0.02%	0.14%	0.02%
BERY	B	0.06%	0.19%	0.06%
BK	A	0.18%	0.4%	0.18%
BLDR	D	0.04%	0.25%	0.04%
BMY	B	0.41%	0.51%	0.41%
BWA	D	0.01%	0.16%	0.01%
C	A	0.69%	0.65%	0.65%
CACI	D	0.09%	0.26%	0.09%
CAG	D	0.04%	0.2%	0.04%
CAT	B	0.2%	0.85%	0.2%
CCK	C	0.06%	0.22%	0.06%
CDW	F	0.03%	0.24%	0.03%
CE	F	0.02%	0.04%	0.02%
CFG	B	0.04%	0.28%	0.04%
CI	F	0.13%	0.47%	0.13%
CLF	F	0.01%	0.02%	0.01%
CMA	A	0.04%	0.23%	0.04%
CMCSA	B	0.16%	0.49%	0.16%
CMI	A	0.14%	0.4%	0.14%
CNC	D	0.04%	0.2%	0.04%
COF	B	0.29%	0.48%	0.29%
CPB	D	0.04%	0.17%	0.04%
CPRI	F	0.01%	0.01%	0.01%
CRBG	B	0.04%	0.18%	0.04%
CRI	D	0.05%	0.15%	0.05%
CROX	D	0.01%	0.11%	0.01%
CRUS	D	0.04%	0.16%	0.04%
CSCO	B	0.68%	0.77%	0.68%
CVS	D	0.65%	0.4%	0.4%
CVX	A	0.39%	0.74%	0.39%
CWEN	C	0.01%	0.1%	0.01%
D	C	0.07%	0.09%	0.07%
DD	D	0.1%	0.31%	0.1%
DDS	B	0.03%	0.1%	0.03%
DELL	C	0.03%	0.36%	0.03%
DG	F	0.09%	0.14%	0.09%
DGX	A	0.09%	0.25%	0.09%
DHI	D	0.06%	0.32%	0.06%
DINO	D	0.01%	0.16%	0.01%
DKS	C	0.08%	0.21%	0.08%
DLB	B	0.02%	0.21%	0.02%
DOV	A	0.04%	0.3%	0.04%
DOW	F	0.02%	0.22%	0.02%
DOX	D	0.03%	0.22%	0.03%
DRI	B	0.03%	0.23%	0.03%
DXC	B	0.01%	0.16%	0.01%
EBAY	D	0.36%	0.3%	0.3%
ED	D	0.05%	0.28%	0.05%
EHC	B	0.09%	0.15%	0.09%
ELV	F	0.16%	0.45%	0.16%
EQR	B	0.04%	0.04%	0.04%
ETR	B	0.05%	0.33%	0.05%
EVRG	A	0.02%	0.24%	0.02%
EXC	C	0.07%	0.21%	0.07%
F	C	0.16%	0.34%	0.16%
FAF	A	0.02%	0.19%	0.02%
FANG	D	0.05%	0.06%	0.05%
FFIV	B	0.06%	0.27%	0.06%
FHN	A	0.01%	0.19%	0.01%
FIS	C	0.07%	0.14%	0.07%
FITB	A	0.04%	0.32%	0.04%
FOXA	B	0.11%	0.25%	0.11%
G	B	0.06%	0.14%	0.06%
GAP	C	0.06%	0.19%	0.06%
GD	F	0.24%	0.38%	0.24%
GDDY	A	0.12%	0.32%	0.12%
GEN	B	0.11%	0.27%	0.11%
GILD	C	0.87%	0.52%	0.52%
GIS	D	0.17%	0.26%	0.17%
GLPI	C	0.07%	0.13%	0.07%
GLW	B	0.2%	0.33%	0.2%
GM	B	0.4%	0.44%	0.4%
GNTX	C	0.05%	0.18%	0.05%
GPK	C	0.08%	0.21%	0.08%
HBAN	A	0.03%	0.3%	0.03%
HD	A	0.62%	0.82%	0.62%
HII	D	0.02%	0.16%	0.02%
HOG	D	0.02%	0.17%	0.02%
HPE	B	0.11%	0.32%	0.11%
HPQ	B	0.28%	0.32%	0.28%
HRB	D	0.08%	0.2%	0.08%
HRL	D	0.02%	0.1%	0.02%
HSIC	B	0.03%	0.06%	0.03%
HST	C	0.02%	0.14%	0.02%
HUN	F	0.0%	0.03%	0.0%
IBM	C	1.05%	0.84%	0.84%
INGR	B	0.07%	0.15%	0.07%
INTC	D	0.2%	0.6%	0.2%
IP	B	0.09%	0.26%	0.09%
IPG	D	0.04%	0.17%	0.04%
IVZ	B	0.03%	0.18%	0.03%
JBL	B	0.03%	0.29%	0.03%
JCI	C	0.07%	0.42%	0.07%
JEF	A	0.03%	0.28%	0.03%
JHG	A	0.04%	0.2%	0.04%
JNJ	D	1.18%	1.22%	1.18%
JWN	C	0.04%	0.15%	0.04%
KBR	F	0.02%	0.24%	0.02%
KEY	B	0.03%	0.22%	0.03%
KHC	F	0.15%	0.26%	0.15%
KIM	A	0.02%	0.23%	0.02%
KLAC	D	0.23%	0.46%	0.23%
KMI	A	0.11%	0.39%	0.11%
KR	B	0.38%	0.32%	0.32%
KSS	F	0.02%	0.17%	0.02%
LAD	A	0.02%	0.24%	0.02%
LDOS	C	0.11%	0.32%	0.11%
LEA	D	0.01%	0.13%	0.01%
LEG	F	0.02%	0.11%	0.02%
LEN	D	0.06%	0.3%	0.06%
LHX	C	0.26%	0.31%	0.26%
LNC	B	0.03%	0.08%	0.03%
LOPE	B	0.05%	0.0%	0.0%
LPX	B	0.08%	0.12%	0.08%
LRCX	F	0.17%	0.51%	0.17%
LYB	F	0.15%	0.23%	0.15%
M	D	0.02%	0.18%	0.02%
MAN	D	0.03%	0.17%	0.03%
MDU	D	0.02%	0.13%	0.02%
META	D	2.35%	2.12%	2.12%
MO	A	0.73%	0.5%	0.5%
MOS	F	0.01%	0.21%	0.01%
MPC	D	0.34%	0.36%	0.34%
MRK	F	0.84%	0.66%	0.66%
MRO	B	0.03%	0.25%	0.03%
MSM	C	0.06%	0.2%	0.06%
MTB	A	0.04%	0.27%	0.04%
MTG	C	0.02%	0.2%	0.02%
MTN	C	0.05%	0.08%	0.05%
MU	D	0.16%	0.42%	0.16%
MUSA	A	0.16%	0.16%	0.16%
NFG	A	0.05%	0.2%	0.05%
NNN	D	0.01%	0.1%	0.01%
NTAP	C	0.1%	0.27%	0.1%
NUE	C	0.08%	0.31%	0.08%
NVR	D	0.09%	0.2%	0.09%
NWL	B	0.02%	0.12%	0.02%
NWSA	B	0.04%	0.23%	0.04%
NXST	C	0.05%	0.21%	0.05%
OC	A	0.02%	0.26%	0.02%
OGN	D	0.04%	0.06%	0.04%
OHI	C	0.02%	0.22%	0.02%
OMC	C	0.06%	0.25%	0.06%
OMF	A	0.03%	0.21%	0.03%
ORCL	B	1.52%	1.24%	1.24%
OSK	B	0.04%	0.22%	0.04%
PAG	B	0.02%	0.18%	0.02%
PARA	C	0.01%	0.12%	0.01%
PB	A	0.01%	0.15%	0.01%
PFE	D	0.57%	0.65%	0.57%
PFG	D	0.01%	0.25%	0.01%
PH	A	0.14%	0.15%	0.14%
PHM	D	0.1%	0.27%	0.1%
PINC	B	0.03%	0.11%	0.03%
PK	B	0.06%	0.14%	0.06%
PKG	A	0.1%	0.29%	0.1%
PM	B	0.87%	0.52%	0.52%
PNC	B	0.12%	0.13%	0.12%
PNR	A	0.02%	0.29%	0.02%
PNW	B	0.01%	0.22%	0.01%
POOL	C	0.07%	0.13%	0.07%
POST	C	0.05%	0.12%	0.05%
PPC	C	0.01%	0.09%	0.01%
PPL	B	0.04%	0.27%	0.04%
PRU	A	0.23%	0.35%	0.23%
PSN	D	0.02%	0.15%	0.02%
PSX	C	0.23%	0.37%	0.23%
PTC	A	0.04%	0.18%	0.04%
PVH	C	0.02%	0.16%	0.02%
QCOM	F	0.77%	0.79%	0.77%
QRVO	F	0.01%	0.14%	0.01%
R	B	0.07%	0.26%	0.07%
RF	A	0.02%	0.26%	0.02%
RGA	A	0.06%	0.09%	0.06%
RHI	B	0.02%	0.19%	0.02%
RL	B	0.03%	0.22%	0.03%
ROP	B	0.06%	0.4%	0.06%
RPRX	D	0.03%	0.11%	0.03%
RS	B	0.04%	0.26%	0.04%
RTX	C	0.22%	0.48%	0.22%
RVTY	F	0.01%	0.14%	0.01%
SAIC	F	0.01%	0.23%	0.01%
SCI	B	0.07%	0.24%	0.07%
SEE	C	0.06%	0.09%	0.06%
SJM	D	0.04%	0.14%	0.04%
SLGN	A	0.05%	0.21%	0.05%
SNDR	B	0.02%	0.1%	0.02%
SNV	B	0.02%	0.23%	0.02%
SON	D	0.04%	0.12%	0.04%
SPB	C	0.01%	0.1%	0.01%
SPG	B	0.16%	0.32%	0.16%
SSNC	B	0.02%	0.24%	0.02%
SYF	B	0.31%	0.34%	0.31%
T	A	0.73%	0.65%	0.65%
TAP	C	0.09%	0.25%	0.09%
TDC	D	0.01%	0.11%	0.01%
TER	D	0.03%	0.22%	0.03%
TFC	A	0.09%	0.41%	0.09%
TFX	F	0.02%	0.07%	0.02%
TGT	F	0.74%	0.34%	0.34%
THC	D	0.28%	0.21%	0.21%
THO	B	0.07%	0.19%	0.07%
TOL	B	0.06%	0.25%	0.06%
TPR	B	0.01%	0.24%	0.01%
TSN	B	0.18%	0.1%	0.1%
TXN	C	0.29%	0.82%	0.29%
UAL	A	0.02%	0.27%	0.02%
UGI	A	0.01%	0.2%	0.01%
UHAL	D	0.01%	0.04%	0.01%
UHAL	D	0.01%	0.04%	0.01%
UHS	D	0.06%	0.2%	0.06%
UNH	C	0.79%	1.77%	0.79%
UNM	A	0.04%	0.28%	0.04%
USB	A	0.11%	0.42%	0.11%
UTHR	C	0.19%	0.26%	0.19%
VFC	C	0.02%	0.08%	0.02%
VLO	C	0.16%	0.24%	0.16%
VRSN	F	0.04%	0.14%	0.04%
VTRS	A	0.14%	0.24%	0.14%
VZ	C	1.0%	0.2%	0.2%
WAL	B	0.02%	0.22%	0.02%
WBS	A	0.02%	0.17%	0.02%
WCC	B	0.09%	0.27%	0.09%
WEN	D	0.05%	0.14%	0.05%
WH	B	0.04%	0.13%	0.04%
WHR	B	0.03%	0.2%	0.03%
WPC	D	0.03%	0.12%	0.03%
WSM	B	0.18%	0.21%	0.18%
WU	D	0.06%	0.16%	0.06%
ZION	B	0.02%	0.19%	0.02%

MFUS Overweight 557 Positions Relative to JVAL

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
NVDA	C	1.9%
WMT	A	1.71%
AMZN	C	1.71%
ABBV	D	1.36%
COST	B	1.35%
PG	A	1.01%
KO	D	1.0%
JPM	A	0.99%
WFC	A	0.97%
LMT	D	0.75%
PEP	F	0.74%
MCK	B	0.63%
MMM	D	0.6%
PGR	A	0.59%
GE	D	0.56%
MCD	D	0.53%
NFLX	A	0.52%
UNP	C	0.51%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
GS	A	0.41%
TJX	A	0.37%
NOW	A	0.36%
REGN	F	0.36%
CL	D	0.35%
LOW	D	0.35%
NOC	D	0.35%
MET	A	0.32%
V	A	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
SPGI	C	0.29%
WM	A	0.28%
MA	C	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
ALL	A	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%
UPS	C	0.24%
AON	A	0.24%
AXP	A	0.23%
MDLZ	F	0.23%
PLTR	B	0.23%
VST	B	0.23%
SHW	A	0.22%
NEE	D	0.22%
MS	A	0.22%
VRTX	F	0.22%
UBER	D	0.21%
LII	A	0.21%
AFL	B	0.21%
GWW	B	0.21%
MSI	B	0.2%
MMC	B	0.2%
TRV	B	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CMG	B	0.2%
FI	A	0.19%
BLK	C	0.19%
CTAS	B	0.19%
AMP	A	0.18%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
BR	A	0.17%
WSO	A	0.17%
NEM	D	0.16%
AJG	B	0.16%
RMD	C	0.16%
DVA	B	0.16%
CB	C	0.16%
KMB	D	0.16%
CASY	A	0.16%
VRSK	A	0.16%
TDG	D	0.15%
MCO	B	0.15%
BAH	F	0.15%
IT	C	0.15%
K	A	0.15%
KKR	A	0.15%
CME	A	0.14%
CHRW	C	0.14%
ANET	C	0.14%
BX	A	0.13%
SO	D	0.13%
DPZ	C	0.13%
EVR	B	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%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
BRO	B	0.12%
PWR	A	0.12%
SYY	B	0.12%
PYPL	B	0.12%
CLX	B	0.12%
CW	B	0.11%
CEG	D	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
CRS	A	0.11%
WTW	B	0.11%
DASH	A	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
TSCO	D	0.11%
ADP	B	0.11%
OKE	A	0.1%
COIN	C	0.1%
HLT	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
ITW	B	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
CPRT	A	0.09%
MLI	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
ARES	A	0.09%
CALM	A	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	B	0.09%
TROW	B	0.09%
ADSK	A	0.09%
TMHC	B	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
BKR	B	0.08%
AEP	D	0.08%
WDC	D	0.08%
AOS	F	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
ABG	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
BIIB	F	0.07%
ROL	B	0.07%
MSCI	C	0.07%
LPLA	A	0.07%
UFPI	B	0.07%
EXP	A	0.07%
CHD	B	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	B	0.07%
NSC	B	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%
NRG	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%
HCC	B	0.07%
STZ	D	0.06%
VIRT	B	0.06%
TW	A	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%
HIG	B	0.06%
GNRC	B	0.06%
CPT	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
SLM	A	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
MAS	D	0.06%
SQ	B	0.06%
L	A	0.06%
TXRH	C	0.06%
TTC	D	0.06%
AMG	B	0.06%
ALNY	D	0.06%
TDS	B	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FLEX	A	0.05%
THG	A	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%
A	D	0.05%
WST	C	0.05%
NDAQ	A	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CARR	D	0.05%
USFD	A	0.05%
EIX	B	0.05%
COOP	B	0.05%
SCHW	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%
HBI	B	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%
O	D	0.05%
MKC	D	0.05%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	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%
ELS	C	0.04%
FL	F	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
PAYX	C	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
WTM	A	0.04%
BHF	B	0.04%
ATI	D	0.04%
STLD	B	0.04%
MAC	B	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%
ZBRA	B	0.04%
GATX	A	0.04%
EME	C	0.04%
HOOD	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%
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%
KMPR	B	0.03%
LZB	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	D	0.03%
DK	C	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	A	0.03%
AVTR	F	0.03%
BURL	A	0.03%
X	C	0.03%
NTRS	A	0.03%
UDR	B	0.03%
PLXS	B	0.03%
CG	A	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%
AVB	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
CMS	C	0.03%
LW	C	0.03%
HOLX	D	0.03%
COHR	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	B	0.03%
BLD	D	0.03%
GGG	B	0.03%
KBH	D	0.03%
GNW	A	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%
MORN	B	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%
TTMI	B	0.02%
VSH	D	0.02%
LAUR	A	0.02%
AA	B	0.02%
SF	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%
NSP	D	0.02%
HP	B	0.02%
ODFL	B	0.02%
DNOW	B	0.02%
DTE	C	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	D	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
WMS	D	0.02%
LNW	D	0.02%
EPC	D	0.02%
MAA	B	0.02%
LNT	A	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	0.02%
SKX	D	0.02%
CC	C	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%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	0.02%
CINF	A	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
SBH	C	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
CCL	B	0.02%
RYN	D	0.02%
JBHT	C	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	C	0.02%
STC	B	0.02%
SVC	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
RKT	F	0.01%
JELD	F	0.01%
SCL	C	0.01%
MLKN	D	0.01%
IGT	F	0.01%
CACC	D	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	C	0.01%
SPR	D	0.01%
GIII	D	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%
OUT	A	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%
ARCH	B	0.01%
PECO	A	0.01%
CNM	D	0.01%
OMI	F	0.01%
FDP	B	0.01%
SIGI	C	0.01%
WAFD	B	0.01%
BRC	D	0.01%
DY	D	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	D	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%
ONB	B	0.01%
CBSH	A	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%
WTFC	A	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%
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%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 105 Positions Relative to JVAL

Symbol	Grade	Weight
GOOGL	C	-2.17%
MSFT	F	-1.78%
CRM	B	-1.33%
INTU	C	-0.81%
ADI	D	-0.54%
MDT	D	-0.51%
MRVL	B	-0.48%
VRT	B	-0.43%
FDX	B	-0.41%
PCAR	B	-0.39%
TWLO	A	-0.37%
GRMN	B	-0.33%
CTSH	B	-0.33%
PAYC	B	-0.31%
SNA	A	-0.31%
ZM	B	-0.31%
WDAY	B	-0.29%
STT	A	-0.29%
VICI	C	-0.28%
MCHP	D	-0.28%
ON	D	-0.28%
EPAM	C	-0.27%
DAL	C	-0.27%
PEGA	A	-0.25%
CTRA	B	-0.24%
DBX	B	-0.24%
OGE	B	-0.23%
ORI	A	-0.23%
AMCR	D	-0.22%
SNX	C	-0.22%
GFS	C	-0.21%
DNB	B	-0.21%
BPOP	B	-0.21%
FNB	A	-0.21%
ZI	D	-0.21%
VAC	B	-0.2%
HIW	D	-0.2%
SWKS	F	-0.2%
TNL	A	-0.19%
COLB	A	-0.19%
TXT	D	-0.19%
GPN	B	-0.19%
OVV	B	-0.19%
GPC	D	-0.19%
DOCU	A	-0.19%
OLED	D	-0.19%
AGO	B	-0.19%
HUM	C	-0.19%
ST	F	-0.18%
BYD	C	-0.18%
MGM	D	-0.18%
CNH	C	-0.18%
MTCH	D	-0.18%
EPR	D	-0.18%
ZBH	C	-0.17%
STWD	C	-0.17%
DV	C	-0.17%
AXS	A	-0.16%
LKQ	D	-0.16%
LH	C	-0.16%
GLOB	B	-0.16%
KRC	C	-0.15%
LVS	C	-0.15%
CXT	B	-0.14%
BG	F	-0.14%
CLVT	F	-0.14%
IPGP	D	-0.14%
PATH	C	-0.13%
OKTA	C	-0.13%
GTES	A	-0.13%
DVN	F	-0.13%
OZK	B	-0.13%
JAZZ	B	-0.13%
FHB	A	-0.13%
PR	B	-0.13%
FMC	D	-0.12%
FBIN	D	-0.12%
U	C	-0.12%
ENTG	D	-0.12%
SWK	D	-0.12%
APTV	D	-0.12%
REG	B	-0.12%
CNXC	F	-0.11%
BSY	D	-0.11%
INFA	D	-0.11%
CUZ	B	-0.11%
ADTN	A	-0.11%
VOYA	B	-0.1%
CIVI	D	-0.1%
SIRI	C	-0.1%
AGR	B	-0.1%
IAC	D	-0.1%
COLM	B	-0.1%
PRGO	B	-0.1%
MPW	F	-0.09%
PII	D	-0.09%
BOKF	B	-0.09%
FTRE	D	-0.07%
DT	C	-0.06%
CF	B	-0.06%
SOLV	C	-0.05%
AL	B	-0.05%
NVT	B	-0.04%
BRX	A	-0.01%
ALGM	D	-0.0%