MFUS vs. MODL ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to VictoryShares WestEnd U.S. Sector ETF (MODL)

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

$51.22

Average Daily Volume

5,789

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

MODL

VictoryShares WestEnd U.S. Sector ETF

MODL Description

VictoryShares WestEnd U.S. Sector ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund is co-managed by WestEnd Advisors, LLC. It invests in public equity markets of the United States. It invests through other funds in stocks of companies operating across consumer discretionary, consumer staples, health care, financials, information technology, real estate, communication services, and utilities sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with top-down stock picking approach to create its portfolio. VictoryShares WestEnd U.S. Sector ETF was formed on October 11, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$40.55

Average Daily Volume

26,422

Number of Holdings ^*

368

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	MODL
30 Days	0.35%	2.15%
60 Days	4.44%	5.09%
90 Days	6.01%	7.07%
12 Months	31.84%	31.97%

277 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in MODL	Overlap
A	F	0.05%	0.13%	0.05%
AAPL	C	0.96%	5.01%	0.96%
ABBV	F	1.65%	1.13%	1.13%
ACN	B	0.24%	0.32%	0.24%
ADBE	C	0.04%	0.32%	0.04%
ADM	F	0.24%	0.09%	0.09%
ADSK	B	0.09%	0.09%	0.09%
AEP	D	0.08%	0.2%	0.08%
AES	F	0.01%	0.04%	0.01%
AFL	C	0.21%	0.12%	0.12%
AIG	B	0.36%	0.11%	0.11%
AJG	A	0.15%	0.14%	0.14%
AKAM	F	0.03%	0.02%	0.02%
ALGN	D	0.01%	0.05%	0.01%
ALL	B	0.25%	0.11%	0.11%
ALNY	D	0.07%	0.11%	0.07%
AMAT	F	0.55%	0.23%	0.23%
AMGN	F	1.03%	0.56%	0.56%
AMP	A	0.17%	0.29%	0.17%
AMT	F	0.15%	0.2%	0.15%
AMZN	A	1.64%	4.04%	1.64%
ANET	C	0.15%	0.14%	0.14%
ANSS	B	0.05%	0.04%	0.04%
AON	B	0.25%	0.18%	0.18%
APH	B	0.12%	0.13%	0.12%
APP	B	0.06%	0.07%	0.06%
ARES	B	0.09%	0.15%	0.09%
ATO	B	0.02%	0.09%	0.02%
AVB	B	0.03%	0.07%	0.03%
AVGO	C	1.63%	1.2%	1.2%
AVTR	F	0.03%	0.05%	0.03%
AXP	B	0.22%	0.45%	0.22%
AZO	B	0.28%	0.11%	0.11%
BAC	A	0.42%	0.77%	0.42%
BAX	F	0.05%	0.06%	0.05%
BBY	C	0.22%	0.04%	0.04%
BDX	F	0.12%	0.21%	0.12%
BEN	C	0.02%	0.03%	0.02%
BIIB	F	0.07%	0.08%	0.07%
BK	B	0.18%	0.31%	0.18%
BKNG	A	0.41%	0.35%	0.35%
BMRN	F	0.01%	0.04%	0.01%
BMY	B	0.4%	0.35%	0.35%
BRK.A	B	2.36%	0.31%	0.31%
BRK.A	B	2.36%	1.54%	1.54%
BRO	B	0.12%	0.06%	0.06%
BSX	A	0.2%	0.41%	0.2%
BX	A	0.12%	0.67%	0.12%
C	B	0.65%	0.29%	0.29%
CAH	B	0.25%	0.09%	0.09%
CB	C	0.16%	0.25%	0.16%
CBRE	B	0.05%	0.09%	0.05%
CCI	F	0.07%	0.1%	0.07%
CCL	B	0.02%	0.05%	0.02%
CDW	F	0.03%	0.04%	0.03%
CEG	D	0.11%	0.3%	0.11%
CFG	B	0.04%	0.05%	0.04%
CHD	A	0.07%	0.09%	0.07%
CHTR	B	0.3%	0.08%	0.08%
CI	D	0.13%	0.28%	0.13%
CINF	A	0.02%	0.05%	0.02%
CL	F	0.37%	0.24%	0.24%
CLX	A	0.13%	0.07%	0.07%
CMCSA	B	0.16%	0.37%	0.16%
CME	B	0.14%	0.43%	0.14%
CMG	B	0.2%	0.17%	0.17%
CMS	D	0.03%	0.08%	0.03%
CNC	F	0.05%	0.1%	0.05%
COF	B	0.27%	0.15%	0.15%
COIN	B	0.07%	0.27%	0.07%
COR	B	0.17%	0.14%	0.14%
COST	B	1.33%	1.44%	1.33%
CPAY	A	0.03%	0.05%	0.03%
CRBG	C	0.05%	0.01%	0.01%
CSCO	A	0.65%	0.34%	0.34%
CVS	F	0.66%	0.22%	0.22%
D	D	0.07%	0.19%	0.07%
DASH	A	0.1%	0.11%	0.1%
DECK	B	0.16%	0.06%	0.06%
DELL	C	0.03%	0.05%	0.03%
DFS	B	0.09%	0.1%	0.09%
DG	F	0.1%	0.06%	0.06%
DGX	B	0.09%	0.06%	0.06%
DHI	D	0.07%	0.1%	0.07%
DHR	F	0.26%	0.53%	0.26%
DLR	C	0.09%	0.13%	0.09%
DLTR	F	0.03%	0.04%	0.03%
DPZ	C	0.13%	0.03%	0.03%
DRI	B	0.03%	0.04%	0.03%
DTE	D	0.02%	0.1%	0.02%
DUK	D	0.14%	0.35%	0.14%
EA	A	0.17%	0.08%	0.08%
EBAY	C	0.36%	0.06%	0.06%
ED	D	0.06%	0.14%	0.06%
EIX	C	0.05%	0.13%	0.05%
ELV	F	0.16%	0.31%	0.16%
EQR	C	0.04%	0.06%	0.04%
ES	D	0.04%	0.09%	0.04%
ESS	C	0.04%	0.04%	0.04%
ETR	B	0.05%	0.13%	0.05%
EVRG	A	0.02%	0.06%	0.02%
EXC	C	0.07%	0.15%	0.07%
EXR	D	0.11%	0.07%	0.07%
F	C	0.15%	0.09%	0.09%
FCNCA	B	0.05%	0.05%	0.05%
FDS	A	0.04%	0.1%	0.04%
FE	D	0.03%	0.1%	0.03%
FI	A	0.18%	0.27%	0.18%
FICO	B	0.22%	0.08%	0.08%
FIS	B	0.08%	0.11%	0.08%
FITB	A	0.04%	0.07%	0.04%
FOXA	A	0.11%	0.02%	0.02%
FTNT	B	0.06%	0.08%	0.06%
GDDY	B	0.11%	0.04%	0.04%
GEHC	D	0.08%	0.12%	0.08%
GEN	B	0.1%	0.02%	0.02%
GILD	B	0.87%	0.38%	0.38%
GIS	F	0.19%	0.11%	0.11%
GLPI	D	0.07%	0.03%	0.03%
GLW	B	0.21%	0.05%	0.05%
GM	B	0.37%	0.13%	0.13%
GS	B	0.36%	1.0%	0.36%
HBAN	A	0.03%	0.05%	0.03%
HCA	D	0.27%	0.21%	0.21%
HD	B	0.62%	0.85%	0.62%
HIG	C	0.06%	0.08%	0.06%
HLT	A	0.09%	0.14%	0.09%
HOLX	D	0.04%	0.06%	0.04%
HPE	B	0.11%	0.04%	0.04%
HPQ	B	0.29%	0.05%	0.05%
HRL	F	0.02%	0.03%	0.02%
HSY	F	0.06%	0.08%	0.06%
IBM	D	1.07%	0.28%	0.28%
ICE	C	0.29%	0.47%	0.29%
IDXX	F	0.05%	0.11%	0.05%
INCY	B	0.01%	0.06%	0.01%
INTC	C	0.19%	0.16%	0.16%
INVH	D	0.04%	0.04%	0.04%
IPG	F	0.04%	0.02%	0.02%
IRM	D	0.13%	0.07%	0.07%
ISRG	A	0.28%	0.6%	0.28%
IT	B	0.14%	0.06%	0.06%
JBL	C	0.03%	0.02%	0.02%
JKHY	C	0.11%	0.03%	0.03%
JNJ	D	1.27%	1.19%	1.19%
JPM	A	0.93%	1.49%	0.93%
K	A	0.15%	0.08%	0.08%
KDP	C	0.07%	0.1%	0.07%
KHC	F	0.16%	0.13%	0.13%
KKR	B	0.14%	0.54%	0.14%
KLAC	F	0.24%	0.13%	0.13%
KMB	D	0.17%	0.15%	0.15%
KO	F	1.07%	0.85%	0.85%
KR	A	0.37%	0.13%	0.13%
L	A	0.06%	0.03%	0.03%
LEN	D	0.07%	0.0%	0.0%
LEN	D	0.07%	0.09%	0.07%
LLY	F	2.52%	2.26%	2.26%
LNT	C	0.02%	0.06%	0.02%
LOW	B	0.36%	0.32%	0.32%
LPLA	A	0.06%	0.12%	0.06%
LRCX	F	0.18%	0.15%	0.15%
LW	B	0.03%	0.05%	0.03%
MA	B	0.28%	0.95%	0.28%
MAA	C	0.02%	0.04%	0.02%
MAR	A	0.04%	0.14%	0.04%
MCD	C	0.54%	0.45%	0.45%
MCK	B	0.56%	0.25%	0.25%
MCO	C	0.14%	0.46%	0.14%
MDLZ	F	0.24%	0.25%	0.24%
MET	C	0.32%	0.11%	0.11%
META	B	2.36%	2.76%	2.36%
MKC	D	0.06%	0.06%	0.06%
MMC	D	0.2%	0.24%	0.2%
MNST	B	0.07%	0.13%	0.07%
MO	A	0.73%	0.28%	0.28%
MPWR	F	0.08%	0.05%	0.05%
MRK	F	0.89%	0.83%	0.83%
MS	A	0.2%	0.86%	0.2%
MSCI	B	0.07%	0.24%	0.07%
MSI	B	0.19%	0.12%	0.12%
MTB	A	0.04%	0.08%	0.04%
MTD	F	0.09%	0.09%	0.09%
MU	D	0.17%	0.18%	0.17%
NDAQ	B	0.05%	0.16%	0.05%
NEE	D	0.24%	0.63%	0.24%
NFLX	A	0.48%	0.73%	0.48%
NKE	F	0.06%	0.19%	0.06%
NOW	A	0.34%	0.3%	0.3%
NRG	C	0.07%	0.08%	0.07%
NTAP	D	0.1%	0.04%	0.04%
NTRS	A	0.03%	0.11%	0.03%
NVDA	A	1.82%	5.0%	1.82%
NVR	D	0.1%	0.06%	0.06%
O	D	0.06%	0.11%	0.06%
OMC	A	0.06%	0.04%	0.04%
ORCL	A	1.42%	0.44%	0.44%
ORLY	A	0.2%	0.14%	0.14%
PANW	B	0.23%	0.18%	0.18%
PEG	C	0.06%	0.17%	0.06%
PEP	D	0.76%	0.71%	0.71%
PFE	F	0.62%	0.48%	0.48%
PFG	C	0.01%	0.04%	0.01%
PG	C	1.03%	1.33%	1.03%
PGR	A	0.57%	0.33%	0.33%
PHM	D	0.1%	0.06%	0.06%
PLTR	B	0.16%	0.16%	0.16%
PM	B	0.92%	0.57%	0.57%
PNC	B	0.11%	0.18%	0.11%
POOL	D	0.07%	0.03%	0.03%
PPL	A	0.04%	0.1%	0.04%
PRU	B	0.23%	0.1%	0.1%
PSA	D	0.1%	0.11%	0.1%
PSTG	D	0.04%	0.02%	0.02%
PTC	B	0.04%	0.03%	0.03%
PYPL	A	0.12%	0.19%	0.12%
QCOM	F	0.8%	0.27%	0.27%
RCL	A	0.09%	0.11%	0.09%
REGN	F	0.4%	0.28%	0.28%
RF	A	0.02%	0.05%	0.02%
RMD	C	0.17%	0.12%	0.12%
ROP	A	0.06%	0.09%	0.06%
RPRX	F	0.03%	0.03%	0.03%
RVTY	C	0.01%	0.05%	0.01%
SBAC	D	0.03%	0.05%	0.03%
SBUX	B	0.1%	0.23%	0.1%
SCHW	B	0.05%	0.66%	0.05%
SMCI	F	0.08%	0.02%	0.02%
SO	D	0.13%	0.39%	0.13%
SPG	A	0.16%	0.12%	0.12%
SPGI	C	0.29%	0.84%	0.29%
SQ	B	0.05%	0.09%	0.05%
SRE	B	0.07%	0.23%	0.07%
STE	D	0.08%	0.07%	0.07%
STZ	D	0.06%	0.13%	0.06%
SUI	F	0.05%	0.03%	0.03%
SYF	B	0.27%	0.06%	0.06%
SYY	D	0.13%	0.12%	0.12%
T	A	0.74%	0.34%	0.34%
TER	F	0.03%	0.02%	0.02%
TFC	B	0.08%	0.13%	0.08%
TGT	C	0.75%	0.23%	0.23%
TJX	A	0.36%	0.28%	0.28%
TMO	F	0.3%	0.67%	0.3%
TMUS	A	0.42%	0.22%	0.22%
TROW	A	0.09%	0.14%	0.09%
TRV	B	0.2%	0.13%	0.13%
TSCO	D	0.11%	0.06%	0.06%
TSN	B	0.17%	0.05%	0.05%
TTWO	A	0.07%	0.06%	0.06%
TXN	B	0.3%	0.29%	0.29%
TYL	B	0.08%	0.04%	0.04%
UDR	C	0.03%	0.03%	0.03%
ULTA	C	0.04%	0.04%	0.04%
UNH	B	0.77%	1.81%	0.77%
USB	B	0.1%	0.17%	0.1%
V	A	0.3%	1.06%	0.3%
VRSN	C	0.04%	0.03%	0.03%
VRTX	B	0.23%	0.43%	0.23%
VST	B	0.2%	0.2%	0.2%
VTR	C	0.04%	0.06%	0.04%
VTRS	B	0.13%	0.05%	0.05%
VZ	D	1.03%	0.37%	0.37%
WAT	B	0.06%	0.07%	0.06%
WBA	D	0.13%	0.02%	0.02%
WDC	D	0.08%	0.03%	0.03%
WELL	B	0.12%	0.18%	0.12%
WFC	A	0.87%	0.53%	0.53%
WMT	A	1.72%	1.18%	1.18%
WPC	F	0.03%	0.03%	0.03%
WRB	B	0.02%	0.04%	0.02%
WSM	F	0.19%	0.03%	0.03%
WST	B	0.05%	0.07%	0.05%
WTW	A	0.11%	0.07%	0.07%
YUM	B	0.14%	0.08%	0.08%
ZBRA	B	0.04%	0.03%	0.03%
ZTS	D	0.05%	0.26%	0.05%

MFUS Overweight 540 Positions Relative to MODL

Symbol	Grade	Weight
LMT	D	0.78%
MMM	C	0.58%
GE	D	0.56%
UNP	D	0.51%
XOM	B	0.44%
CVX	A	0.39%
NOC	D	0.37%
MPC	D	0.32%
WM	A	0.28%
THC	B	0.28%
LHX	B	0.27%
ANF	C	0.25%
GD	C	0.25%
UPS	C	0.25%
SFM	B	0.24%
SHW	A	0.22%
PSX	C	0.22%
UBER	F	0.22%
RTX	D	0.22%
GWW	B	0.21%
LII	B	0.21%
CAT	B	0.2%
CTAS	B	0.19%
UTHR	B	0.19%
BAH	C	0.18%
NEM	F	0.18%
VLO	C	0.16%
CASY	B	0.16%
LYB	F	0.16%
BR	A	0.16%
WSO	B	0.16%
VRSK	A	0.16%
HWM	B	0.15%
MUSA	B	0.15%
TDG	D	0.15%
DVA	C	0.15%
PH	A	0.14%
JNPR	D	0.14%
FAST	B	0.13%
RPM	A	0.13%
LDOS	C	0.13%
RSG	B	0.13%
CMI	A	0.13%
CHRW	A	0.13%
EVR	B	0.12%
PWR	B	0.12%
CW	C	0.11%
CACI	C	0.11%
XYL	F	0.11%
BWXT	B	0.11%
CSX	B	0.11%
EXPD	C	0.11%
ADP	A	0.11%
EFX	F	0.11%
AYI	A	0.1%
TRGP	B	0.1%
WMB	B	0.1%
AVY	F	0.1%
CRS	B	0.1%
KMI	B	0.1%
PKG	B	0.1%
JXN	C	0.1%
DD	D	0.1%
ITW	B	0.1%
ALSN	B	0.1%
AOS	F	0.09%
GPI	B	0.09%
IEX	B	0.09%
LSTR	B	0.09%
OKE	A	0.09%
CALM	B	0.09%
URI	B	0.09%
IP	B	0.09%
EHC	B	0.09%
TMHC	B	0.09%
OTIS	D	0.08%
ABG	B	0.08%
HCC	C	0.08%
EMR	A	0.08%
AIZ	A	0.08%
HRB	D	0.08%
HLI	B	0.08%
TAP	B	0.08%
AEO	F	0.08%
WCC	B	0.08%
ITT	A	0.08%
CPRT	A	0.08%
ATR	A	0.08%
NUE	D	0.08%
SEIC	A	0.08%
DKS	D	0.08%
EQH	B	0.08%
GPK	D	0.08%
ECL	C	0.08%
MLI	B	0.08%
SLG	C	0.08%
IR	A	0.08%
CNX	B	0.07%
EXP	B	0.07%
R	B	0.07%
NSC	B	0.07%
SCI	B	0.07%
BCC	B	0.07%
COP	C	0.07%
BKR	B	0.07%
THO	B	0.07%
MLM	B	0.07%
BALL	D	0.07%
LPX	A	0.07%
VNO	C	0.07%
BTU	C	0.06%
ATGE	C	0.06%
CMC	B	0.06%
NXST	C	0.06%
FCN	F	0.06%
KTB	A	0.06%
LECO	C	0.06%
CHE	D	0.06%
GAP	B	0.06%
TPH	C	0.06%
TW	B	0.06%
BC	D	0.06%
CPT	C	0.06%
WEN	C	0.06%
SEE	C	0.06%
MMS	F	0.06%
TXRH	A	0.06%
JLL	C	0.06%
RGA	A	0.06%
JCI	A	0.06%
PK	C	0.06%
AMG	B	0.06%
AN	C	0.06%
FFIV	B	0.06%
MSM	C	0.06%
CCK	D	0.06%
MTH	D	0.06%
TTC	F	0.06%
MAS	D	0.06%
UHS	D	0.06%
TOL	B	0.06%
INGR	B	0.06%
BERY	D	0.06%
WU	F	0.06%
ROL	C	0.06%
UFPI	B	0.06%
SKYW	B	0.06%
CPB	F	0.05%
URBN	C	0.05%
ERIE	F	0.05%
PPG	F	0.05%
NFG	D	0.05%
OGN	F	0.05%
FANG	C	0.05%
MTN	C	0.05%
SMG	D	0.05%
USFD	B	0.05%
COOP	B	0.05%
GVA	B	0.05%
HBI	B	0.05%
CARR	C	0.05%
G	B	0.05%
EXEL	B	0.05%
GNTX	C	0.05%
SLGN	B	0.05%
TEX	D	0.05%
VIRT	B	0.05%
CRI	D	0.05%
ALLY	C	0.05%
POST	D	0.05%
BFH	B	0.05%
WAB	B	0.05%
CBT	C	0.05%
IBKR	A	0.05%
LUMN	C	0.05%
LAMR	D	0.05%
NSIT	F	0.05%
SLM	A	0.05%
FIX	B	0.05%
GNRC	B	0.05%
DOX	C	0.04%
AMH	C	0.04%
TRN	B	0.04%
BJ	B	0.04%
CDP	C	0.04%
WH	A	0.04%
ACM	B	0.04%
SEM	C	0.04%
SON	F	0.04%
CLH	B	0.04%
AVT	C	0.04%
BDC	C	0.04%
LANC	C	0.04%
ELS	B	0.04%
AGNC	C	0.04%
PAYX	B	0.04%
CVLT	B	0.04%
JWN	B	0.04%
SANM	C	0.04%
RUSHA	B	0.04%
HUBG	A	0.04%
PRIM	B	0.04%
WTM	A	0.04%
GBX	A	0.04%
BLDR	C	0.04%
SLVM	C	0.04%
HEI	A	0.04%
EMN	D	0.04%
BHF	B	0.04%
NWSA	B	0.04%
AROC	B	0.04%
FLO	F	0.04%
GEO	B	0.04%
OLN	F	0.04%
CE	F	0.04%
UNM	A	0.04%
FL	F	0.04%
CMA	A	0.04%
ATI	F	0.04%
LOPE	B	0.04%
FTI	B	0.04%
NBIX	C	0.04%
CPNG	B	0.04%
CTVA	C	0.04%
GATX	B	0.04%
TKR	F	0.04%
JHG	A	0.04%
SIG	B	0.04%
CRUS	F	0.04%
ARW	F	0.04%
EME	B	0.04%
STLD	C	0.04%
MAC	B	0.04%
CUBE	D	0.04%
AR	B	0.04%
CAG	F	0.04%
RS	C	0.04%
KD	A	0.04%
TDS	C	0.04%
RGLD	C	0.04%
SJM	F	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%
NDSN	B	0.04%
ABM	B	0.04%
FLEX	B	0.04%
DCI	A	0.04%
UNF	B	0.03%
XRAY	F	0.03%
DRH	C	0.03%
HXL	F	0.03%
ORA	B	0.03%
BKE	A	0.03%
RYN	F	0.03%
APAM	B	0.03%
OI	C	0.03%
OMF	A	0.03%
BURL	C	0.03%
FNF	C	0.03%
TFX	F	0.03%
WHR	B	0.03%
LNC	B	0.03%
VC	F	0.03%
FHI	A	0.03%
MRO	B	0.03%
BKU	A	0.03%
MAN	F	0.03%
AMKR	F	0.03%
PRG	B	0.03%
CG	B	0.03%
PLXS	C	0.03%
DDS	B	0.03%
APLE	B	0.03%
COHR	C	0.03%
LBRDK	C	0.03%
MC	B	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	B	0.03%
RL	B	0.03%
TPX	B	0.03%
GGG	B	0.03%
AVA	C	0.03%
X	D	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%
HUBB	C	0.03%
ASO	F	0.03%
OSK	B	0.03%
IVZ	B	0.03%
HOOD	B	0.03%
NYT	C	0.03%
KBH	D	0.03%
MANH	C	0.03%
MORN	B	0.03%
IFF	F	0.03%
COLD	F	0.03%
AWI	B	0.03%
HSIC	F	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	F	0.02%
TTMI	B	0.02%
DNOW	B	0.02%
ZION	B	0.02%
SSNC	C	0.02%
LAUR	B	0.02%
WAL	B	0.02%
LXP	D	0.02%
SNV	B	0.02%
BHE	C	0.02%
UHAL	D	0.02%
SATS	D	0.02%
KIM	A	0.02%
AA	C	0.02%
AXTA	A	0.02%
JBLU	C	0.02%
CSL	B	0.02%
LEG	F	0.02%
TTEK	F	0.02%
ODFL	B	0.02%
OSIS	B	0.02%
VSH	F	0.02%
ANDE	D	0.02%
TDC	F	0.02%
LAD	B	0.02%
HNI	B	0.02%
APG	C	0.02%
HP	C	0.02%
BXP	D	0.02%
WKC	C	0.02%
SNDR	B	0.02%
NSP	F	0.02%
BRKR	F	0.02%
NAVI	D	0.02%
MDU	D	0.02%
HST	D	0.02%
PNR	A	0.02%
ODP	F	0.02%
RHI	B	0.02%
DOW	F	0.02%
PMT	D	0.02%
VFC	C	0.02%
VVV	B	0.02%
M	C	0.02%
RLJ	C	0.02%
OC	A	0.02%
EPC	F	0.02%
LNW	F	0.02%
APOG	B	0.02%
DOV	A	0.02%
PFSI	D	0.02%
SAM	B	0.02%
YELP	C	0.02%
PBF	F	0.02%
NWL	B	0.02%
AIR	B	0.02%
SXT	B	0.02%
NTCT	B	0.02%
VSCO	B	0.02%
GWRE	A	0.02%
MCY	B	0.02%
XHR	B	0.02%
DLB	D	0.02%
SKX	F	0.02%
EWBC	B	0.02%
OHI	C	0.02%
DORM	B	0.02%
NI	A	0.02%
AGCO	F	0.02%
HAE	B	0.02%
CTLT	D	0.02%
PAG	B	0.02%
SBH	A	0.02%
CC	C	0.02%
GHC	B	0.02%
FAF	C	0.02%
HOG	D	0.02%
CXW	B	0.02%
KBR	D	0.02%
GEF	B	0.02%
WMS	F	0.02%
RRC	B	0.02%
HII	F	0.02%
KSS	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%
MTG	C	0.02%
VSTO	A	0.02%
GMED	B	0.02%
KEY	B	0.02%
COKE	C	0.02%
ADNT	D	0.02%
PDCO	F	0.02%
LZB	B	0.02%
PINC	B	0.02%
NEU	C	0.02%
PSN	C	0.02%
PNM	B	0.02%
ACA	B	0.02%
JBHT	C	0.02%
MKTX	C	0.02%
WERN	B	0.02%
JEF	B	0.02%
AAP	C	0.01%
SVC	F	0.01%
QRVO	F	0.01%
NOV	C	0.01%
KNX	C	0.01%
CPRI	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
UHAL	D	0.01%
RKT	F	0.01%
ELAN	C	0.01%
MLKN	D	0.01%
MKSI	C	0.01%
PARA	B	0.01%
CACC	D	0.01%
IMKTA	B	0.01%
CNXN	C	0.01%
WOR	F	0.01%
ECPG	C	0.01%
ARI	C	0.01%
IGT	F	0.01%
RDN	C	0.01%
HTH	B	0.01%
ACI	C	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%
PNW	A	0.01%
UGI	D	0.01%
SEB	F	0.01%
OUT	B	0.01%
PB	B	0.01%
XRX	F	0.01%
SWX	B	0.01%
ARMK	B	0.01%
KALU	C	0.01%
CNS	C	0.01%
CENTA	C	0.01%
ESI	B	0.01%
SHO	D	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%
CLF	F	0.01%
TPR	A	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	D	0.01%
FELE	B	0.01%
SPB	A	0.01%
LEA	F	0.01%
CNM	D	0.01%
MOS	D	0.01%
KN	B	0.01%
ONB	B	0.01%
PPC	C	0.01%
CBSH	A	0.01%
IDCC	B	0.01%
TNET	C	0.01%
FHN	A	0.01%
MHK	D	0.01%
DXC	B	0.01%
CROX	F	0.01%
CSGS	B	0.01%
WTFC	B	0.01%
CADE	B	0.01%
NNN	F	0.01%
ESNT	D	0.01%
BBWI	C	0.01%
LADR	B	0.01%
CR	B	0.01%
SAIC	D	0.01%
FLR	C	0.01%
WWD	B	0.01%
H	B	0.01%
ESAB	B	0.01%
MUR	D	0.01%
RBC	B	0.01%
DTM	A	0.01%
GOLF	B	0.01%
GES	F	0.01%
SLB	C	0.01%
IOSP	B	0.01%
GME	C	0.01%
PTEN	C	0.01%
UAL	A	0.01%
SCS	B	0.01%
NNI	C	0.01%
SAH	B	0.01%
PSMT	D	0.01%
KEX	A	0.01%
AMWD	B	0.01%
ICUI	D	0.01%
ADC	A	0.01%
CWEN	D	0.01%
BWA	B	0.01%
VNT	C	0.01%
WBS	A	0.01%
FYBR	D	0.01%
DEI	B	0.01%
SF	A	0.01%
GT	C	0.01%
FR	D	0.01%
SCCO	F	0.0%
NOMD	F	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 91 Positions Relative to MODL

Symbol	Grade	Weight
MSFT	C	-4.46%
GOOGL	C	-2.24%
GOOG	C	-2.02%
TSLA	B	-1.87%
ABT	C	-0.64%
CRM	B	-0.44%
SYK	A	-0.43%
DIS	B	-0.39%
MDT	D	-0.37%
AMD	F	-0.34%
INTU	A	-0.27%
PLD	D	-0.23%
EQIX	B	-0.19%
PCG	A	-0.17%
RJF	A	-0.16%
ADI	D	-0.16%
XEL	A	-0.15%
STT	B	-0.15%
APO	B	-0.14%
KVUE	A	-0.14%
EW	F	-0.13%
IQV	F	-0.13%
MRVL	B	-0.12%
CDNS	B	-0.12%
ABNB	C	-0.12%
TTD	B	-0.12%
SNPS	C	-0.12%
WEC	B	-0.12%
AWK	D	-0.11%
CRWD	B	-0.11%
CBOE	D	-0.11%
HUM	D	-0.11%
VEEV	B	-0.11%
AEE	B	-0.1%
ROST	D	-0.1%
DXCM	C	-0.09%
ILMN	C	-0.08%
WDAY	B	-0.08%
CNP	B	-0.08%
ACGL	C	-0.08%
LH	B	-0.07%
CSGP	F	-0.07%
GRMN	A	-0.07%
VICI	D	-0.07%
LULU	B	-0.07%
ZBH	C	-0.07%
MCHP	F	-0.06%
RBLX	B	-0.06%
CTSH	A	-0.06%
PODD	B	-0.06%
MOH	F	-0.06%
MSTR	B	-0.06%
GPN	B	-0.06%
MKL	A	-0.05%
HUBS	B	-0.05%
EXPE	B	-0.05%
WY	F	-0.05%
DDOG	B	-0.05%
TEAM	B	-0.05%
MRNA	F	-0.05%
EL	F	-0.05%
SNOW	C	-0.05%
GPC	D	-0.04%
PINS	F	-0.04%
NET	B	-0.04%
DKNG	B	-0.04%
LYV	A	-0.04%
ARE	F	-0.04%
KEYS	C	-0.04%
LVS	C	-0.04%
ON	F	-0.04%
WBD	B	-0.04%
ZS	B	-0.03%
TRMB	B	-0.03%
SNAP	C	-0.03%
EG	D	-0.03%
FSLR	F	-0.03%
ZM	B	-0.03%
MDB	C	-0.03%
STX	D	-0.03%
APTV	F	-0.03%
TDY	B	-0.03%
OKTA	C	-0.02%
CELH	F	-0.02%
MGM	D	-0.02%
SWKS	F	-0.02%
DT	C	-0.02%
ENTG	F	-0.02%
BSY	F	-0.01%
FOX	A	-0.01%
ENPH	F	-0.01%