MFUS vs. LKOR ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

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

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$43.00

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	LKOR
30 Days	2.73%	-0.56%
60 Days	3.41%	-5.06%
90 Days	5.38%	-3.66%
12 Months	32.49%	9.17%

132 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in LKOR	Overlap
AAPL	C	0.96%	0.17%	0.17%
ABBV	D	1.36%	0.33%	0.33%
AEP	D	0.08%	0.28%	0.08%
AFL	B	0.21%	0.12%	0.12%
AIG	B	0.34%	0.23%	0.23%
AIZ	A	0.09%	0.18%	0.09%
ALL	A	0.26%	0.04%	0.04%
AMGN	D	0.94%	0.23%	0.23%
AMT	D	0.13%	0.27%	0.13%
AMZN	C	1.71%	0.18%	0.18%
AON	A	0.24%	0.13%	0.13%
ATO	A	0.02%	0.23%	0.02%
AVGO	D	1.59%	0.2%	0.2%
BAC	A	0.45%	0.23%	0.23%
BDX	F	0.11%	0.23%	0.11%
BHF	B	0.04%	0.1%	0.04%
BIIB	F	0.07%	0.09%	0.07%
BWA	D	0.01%	0.11%	0.01%
C	A	0.69%	0.21%	0.21%
CAG	D	0.04%	0.24%	0.04%
CAH	B	0.27%	0.31%	0.27%
CCI	D	0.07%	0.19%	0.07%
CHD	B	0.07%	0.11%	0.07%
CHTR	C	0.3%	0.26%	0.26%
CMCSA	B	0.16%	0.24%	0.16%
CMS	C	0.03%	0.24%	0.03%
CPB	D	0.04%	0.18%	0.04%
CSCO	B	0.68%	0.23%	0.23%
CSX	B	0.11%	0.12%	0.11%
CVS	D	0.65%	0.36%	0.36%
D	C	0.07%	0.23%	0.07%
DG	F	0.09%	0.11%	0.09%
DHR	F	0.24%	0.1%	0.1%
DOV	A	0.04%	0.24%	0.04%
DOW	F	0.02%	0.32%	0.02%
DUK	C	0.13%	0.5%	0.13%
EA	A	0.18%	0.09%	0.09%
EBAY	D	0.36%	0.18%	0.18%
ED	D	0.05%	0.29%	0.05%
EFX	F	0.11%	0.13%	0.11%
EIX	B	0.05%	0.21%	0.05%
ELV	F	0.16%	0.1%	0.1%
EMR	A	0.09%	0.12%	0.09%
EXC	C	0.07%	0.22%	0.07%
FITB	A	0.04%	0.39%	0.04%
FOXA	B	0.11%	0.24%	0.11%
GILD	C	0.87%	0.35%	0.35%
GLW	B	0.2%	0.1%	0.1%
GM	B	0.4%	0.13%	0.13%
GS	A	0.41%	0.21%	0.21%
GWW	B	0.21%	0.24%	0.21%
HCA	F	0.25%	0.24%	0.24%
HD	A	0.62%	0.19%	0.19%
HIG	B	0.06%	0.2%	0.06%
HPE	B	0.11%	0.37%	0.11%
HPQ	B	0.28%	0.24%	0.24%
IBM	C	1.05%	0.23%	0.23%
IFF	D	0.03%	0.12%	0.03%
INTC	D	0.2%	0.37%	0.2%
IPG	D	0.04%	0.12%	0.04%
ITW	B	0.1%	0.06%	0.06%
JCI	C	0.07%	0.13%	0.07%
JEF	A	0.03%	0.26%	0.03%
JNJ	D	1.18%	0.12%	0.12%
JPM	A	0.99%	0.09%	0.09%
KDP	D	0.07%	0.24%	0.07%
KIM	A	0.02%	0.1%	0.02%
KLAC	D	0.23%	0.2%	0.2%
KMB	D	0.16%	0.26%	0.16%
KMI	A	0.11%	0.19%	0.11%
KO	D	1.0%	0.19%	0.19%
LEA	D	0.01%	0.18%	0.01%
LHX	C	0.26%	0.05%	0.05%
LMT	D	0.75%	0.24%	0.24%
LNT	A	0.02%	0.4%	0.02%
LOW	D	0.35%	0.25%	0.25%
LYB	F	0.15%	0.23%	0.15%
MA	C	0.28%	0.22%	0.22%
MAS	D	0.06%	0.11%	0.06%
MCD	D	0.53%	0.12%	0.12%
MCK	B	0.63%	0.23%	0.23%
MCO	B	0.15%	0.12%	0.12%
MDLZ	F	0.23%	0.09%	0.09%
MET	A	0.32%	0.14%	0.14%
MLM	B	0.07%	0.11%	0.07%
MMC	B	0.2%	0.24%	0.2%
MMM	D	0.6%	0.26%	0.26%
MO	A	0.73%	0.2%	0.2%
MRO	B	0.03%	0.22%	0.03%
MS	A	0.22%	0.14%	0.14%
NDAQ	A	0.05%	0.19%	0.05%
NEM	D	0.16%	0.24%	0.16%
NI	A	0.02%	0.37%	0.02%
NNN	D	0.01%	0.29%	0.01%
NOC	D	0.35%	0.26%	0.26%
NSC	B	0.07%	0.12%	0.07%
NVDA	C	1.9%	0.21%	0.21%
OC	A	0.02%	0.11%	0.02%
OKE	A	0.1%	0.24%	0.1%
ORCL	B	1.52%	0.25%	0.25%
OTIS	C	0.07%	0.1%	0.07%
PGR	A	0.59%	0.23%	0.23%
PM	B	0.87%	0.7%	0.7%
PRU	A	0.23%	0.11%	0.11%
REGN	F	0.36%	0.17%	0.17%
RF	A	0.02%	0.28%	0.02%
RPM	A	0.13%	0.1%	0.1%
RPRX	D	0.03%	0.09%	0.03%
SBUX	A	0.09%	0.23%	0.09%
SCCO	F	0.0%	0.64%	0.0%
SHW	A	0.22%	0.21%	0.21%
SIGI	C	0.01%	0.06%	0.01%
SJM	D	0.04%	0.1%	0.04%
SO	D	0.13%	0.11%	0.11%
SPGI	C	0.29%	0.16%	0.16%
SRE	A	0.08%	0.21%	0.08%
STZ	D	0.06%	0.19%	0.06%
T	A	0.73%	0.09%	0.09%
TXN	C	0.29%	0.23%	0.23%
UNH	C	0.79%	0.16%	0.16%
UNP	C	0.51%	0.16%	0.16%
V	A	0.31%	0.4%	0.31%
VRSK	A	0.16%	0.1%	0.1%
VTR	C	0.04%	0.12%	0.04%
VZ	C	1.0%	0.18%	0.18%
WBA	F	0.12%	0.1%	0.1%
WELL	A	0.12%	0.12%	0.12%
WFC	A	0.97%	0.25%	0.25%
WRB	A	0.02%	0.23%	0.02%
WTW	B	0.11%	0.1%	0.1%
XOM	B	0.43%	0.12%	0.12%
ZTS	D	0.05%	0.19%	0.05%

MFUS Overweight 683 Positions Relative to LKOR

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	D	2.35%
WMT	A	1.71%
COST	B	1.35%
PG	A	1.01%
MRK	F	0.84%
QCOM	F	0.77%
PEP	F	0.74%
TGT	F	0.74%
PFE	D	0.57%
GE	D	0.56%
AMAT	F	0.55%
NFLX	A	0.52%
TMUS	B	0.43%
BKNG	A	0.42%
BMY	B	0.41%
CVX	A	0.39%
KR	B	0.38%
TJX	A	0.37%
NOW	A	0.36%
CL	D	0.35%
MPC	D	0.34%
SYF	B	0.31%
ISRG	A	0.29%
ICE	C	0.29%
COF	B	0.29%
THC	D	0.28%
WM	A	0.28%
TMO	F	0.28%
AZO	C	0.28%
FICO	B	0.25%
ACN	C	0.25%
PANW	C	0.25%
SFM	A	0.25%
ANF	C	0.25%
GD	F	0.24%
UPS	C	0.24%
AXP	A	0.23%
PLTR	B	0.23%
PSX	C	0.23%
VST	B	0.23%
RTX	C	0.22%
NEE	D	0.22%
ADM	D	0.22%
VRTX	F	0.22%
UBER	D	0.21%
BBY	D	0.21%
LII	A	0.21%
MSI	B	0.2%
TRV	B	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
FI	A	0.19%
BLK	C	0.19%
UTHR	C	0.19%
CTAS	B	0.19%
TSN	B	0.18%
BK	A	0.18%
AMP	A	0.18%
WSM	B	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
BR	A	0.17%
LRCX	F	0.17%
WSO	A	0.17%
GIS	D	0.17%
MU	D	0.16%
AJG	B	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
VLO	C	0.16%
SPG	B	0.16%
CASY	A	0.16%
TDG	D	0.15%
BAH	F	0.15%
KHC	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%
CMI	A	0.14%
VTRS	A	0.14%
PH	A	0.14%
BX	A	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
JNPR	F	0.13%
RSG	A	0.13%
CI	F	0.13%
YUM	B	0.13%
IRM	D	0.12%
PNC	B	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
SYY	B	0.12%
PYPL	B	0.12%
APH	A	0.12%
CLX	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
USB	A	0.11%
CRS	A	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EXR	D	0.11%
BWXT	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
ADP	B	0.11%
PHM	D	0.1%
COIN	C	0.1%
NTAP	C	0.1%
HLT	A	0.1%
AYI	B	0.1%
PKG	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
SEIC	B	0.09%
TFC	A	0.09%
DGX	A	0.09%
CPRT	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
IEX	B	0.09%
ARES	A	0.09%
WCC	B	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%
IP	B	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
HRB	D	0.08%
BKR	B	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	0.08%
ECL	D	0.08%
NUE	C	0.08%
GPK	C	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%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	B	0.07%
EXP	A	0.07%
COP	C	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
SKYW	B	0.07%
GEHC	F	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
NRG	B	0.07%
R	B	0.07%
FTNT	C	0.07%
BALL	D	0.07%
AEO	F	0.07%
STE	F	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
TW	A	0.06%
GAP	C	0.06%
SEE	C	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%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	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%
WU	D	0.06%
SQ	B	0.06%
L	A	0.06%
PK	B	0.06%
TXRH	C	0.06%
DHI	D	0.06%
TTC	D	0.06%
FFIV	B	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
OMC	C	0.06%
ROP	B	0.06%
TOL	B	0.06%
ALNY	D	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	A	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	B	0.05%
NSIT	F	0.05%
LOPE	B	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%
GNTX	C	0.05%
MTN	C	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CARR	D	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	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%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	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%
SON	D	0.04%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CRUS	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	C	0.04%
PSTG	D	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
ADBE	C	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
CFG	B	0.04%
PAYX	C	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
OGN	D	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%
CNC	D	0.04%
ZBRA	B	0.04%
GATX	A	0.04%
CRBG	B	0.04%
EME	C	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
RS	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%
KEY	B	0.03%
WPC	D	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	D	0.03%
MAN	D	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	A	0.03%
LNC	B	0.03%
AVTR	F	0.03%
OMF	A	0.03%
BURL	A	0.03%
X	C	0.03%
NTRS	A	0.03%
TER	D	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
CDW	F	0.03%
WHR	B	0.03%
CG	A	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	B	0.03%
AVB	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
LW	C	0.03%
HSIC	B	0.03%
HOLX	D	0.03%
COHR	B	0.03%
RL	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%
DDS	B	0.03%
GGG	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%
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%
LEG	F	0.02%
TTMI	B	0.02%
VSH	D	0.02%
SSNC	B	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	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%
WBS	A	0.02%
PHIN	A	0.02%
BEN	C	0.02%
WAL	B	0.02%
CSL	C	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	D	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
WMS	D	0.02%
LNW	D	0.02%
PNR	A	0.02%
EPC	D	0.02%
M	D	0.02%
MAA	B	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	0.02%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	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%
PSN	D	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%
HOG	D	0.02%
CE	F	0.02%
FAF	A	0.02%
SBH	C	0.02%
PAG	B	0.02%
HII	D	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	B	0.02%
RYN	D	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%
MSA	D	0.02%
NEU	C	0.02%
GHC	C	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	D	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%
ACI	C	0.01%
GIII	D	0.01%
UGI	A	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%
ARMK	B	0.01%
OUT	A	0.01%
PNW	B	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%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
PFG	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	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%
BBWI	D	0.01%
ESNT	D	0.01%
TPR	B	0.01%
DXC	B	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%
CWEN	C	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%
FHN	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%
UHAL	D	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%
TDC	D	0.01%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 31 Positions Relative to LKOR

Symbol	Grade	Weight
ACGL	D	-0.55%
HSBC	B	-0.48%
KOF	F	-0.37%
BA	F	-0.37%
CP	D	-0.29%
TEL	B	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
WEC	A	-0.24%
BHP	F	-0.24%
MKL	A	-0.24%
LH	C	-0.23%
VMI	B	-0.22%
EL	F	-0.21%
EG	C	-0.2%
PAA	B	-0.2%
ARE	D	-0.18%
EPD	A	-0.18%
HAL	C	-0.14%
APTV	D	-0.13%
HAS	D	-0.13%
TT	A	-0.12%
GOOGL	C	-0.12%
REG	B	-0.11%
RJF	A	-0.11%
FMC	D	-0.11%
BABA	D	-0.11%
MSFT	F	-0.1%
PCG	A	-0.09%
HUM	C	-0.07%
FTV	C	-0.05%