MFUS vs. ONEQ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

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

$50.02

Average Daily Volume

7,387

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

ONEQ tracks only Nasdaq-listed companies and ignores those trading on the NYSE or other exchanges. The funds underlying index comprises all domestic and international companies listed in Nasdaq. ONEQs portfolio may favor technology firms, which in the past have dominated the Nasdaq market. This is at the expense of energy, industrials, financials and other industries. Its heavy weightings to large-cap firms may increase single-stock blowup risk. Much like the market it aims to track, ONEQ is essentially a growth play, carrying elevated P/E and P/B ratios and paying smaller dividends. This exposure has translated to higher market risk. ONEQ uses a sampling strategy to track its index, which is reconstituted and rebalanced daily.

Grade (RS Rating)

Last Trade

$71.31

Average Daily Volume

310,742

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ONEQ
30 Days	1.34%	-1.62%
60 Days	3.43%	-0.59%
90 Days	4.18%	-0.51%
12 Months	26.76%	29.49%

220 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ONEQ	Overlap
AAPL	D	0.67%	11.9%	0.67%
ADBE	D	0.04%	0.84%	0.04%
ADP	B	0.09%	0.39%	0.09%
ADSK	B	0.09%	0.19%	0.09%
AGNC	A	0.04%	0.02%	0.02%
AKAM	D	0.03%	0.05%	0.03%
ALGN	D	0.02%	0.06%	0.02%
AMAT	D	0.44%	0.54%	0.44%
AMED	C	0.01%	0.01%	0.01%
AMGN	B	1.03%	0.62%	0.62%
AMKR	F	0.03%	0.03%	0.03%
AMZN	C	1.27%	6.77%	1.27%
ANDE	D	0.02%	0.01%	0.01%
ANSS	F	0.05%	0.09%	0.05%
APOG	B	0.02%	0.01%	0.01%
APP	B	0.03%	0.11%	0.03%
ARCB	D	0.01%	0.01%	0.01%
ASO	C	0.03%	0.02%	0.02%
AVGO	C	1.34%	2.71%	1.34%
AVT	D	0.04%	0.01%	0.01%
BECN	D	0.01%	0.02%	0.01%
BHF	D	0.03%	0.01%	0.01%
BIIB	F	0.08%	0.1%	0.08%
BKNG	B	0.47%	0.46%	0.46%
BKR	D	0.16%	0.12%	0.12%
BMRN	F	0.02%	0.06%	0.02%
BRKR	D	0.03%	0.03%	0.03%
CACC	D	0.01%	0.02%	0.01%
CALM	B	0.07%	0.01%	0.01%
CASY	D	0.15%	0.05%	0.05%
CBRL	D	0.01%	0.01%	0.01%
CBSH	C	0.01%	0.03%	0.01%
CDW	D	0.05%	0.1%	0.05%
CEG	C	0.09%	0.22%	0.09%
CENTA	D	0.01%	0.01%	0.01%
CG	C	0.02%	0.05%	0.02%
CHDN	C	0.02%	0.03%	0.02%
CHRD	F	0.02%	0.03%	0.02%
CHRW	B	0.09%	0.04%	0.04%
CHTR	D	0.24%	0.17%	0.17%
CINF	B	0.02%	0.07%	0.02%
CMCSA	D	0.24%	0.54%	0.24%
CME	C	0.2%	0.28%	0.2%
COIN	F	0.06%	0.12%	0.06%
COKE	C	0.03%	0.04%	0.03%
COOP	B	0.04%	0.02%	0.02%
COST	C	1.21%	1.41%	1.21%
CPB	B	0.01%	0.05%	0.01%
CPRT	D	0.19%	0.17%	0.17%
CRUS	D	0.05%	0.02%	0.02%
CSCO	B	0.42%	0.7%	0.42%
CSGS	C	0.01%	0.01%	0.01%
CSX	D	0.08%	0.23%	0.08%
CTAS	C	0.18%	0.29%	0.18%
CVLT	B	0.03%	0.03%	0.03%
DASH	C	0.09%	0.17%	0.09%
DLTR	F	0.02%	0.05%	0.02%
DORM	B	0.02%	0.01%	0.01%
DOX	C	0.03%	0.03%	0.03%
EA	D	0.09%	0.13%	0.09%
EBAY	B	0.34%	0.11%	0.11%
ECPG	C	0.01%	0.01%	0.01%
ENTG	D	0.04%	0.06%	0.04%
EQIX	B	0.03%	0.28%	0.03%
ERIE	A	0.09%	0.09%	0.09%
EVRG	A	0.01%	0.04%	0.01%
EWBC	C	0.02%	0.04%	0.02%
EXC	B	0.12%	0.14%	0.12%
EXEL	B	0.02%	0.03%	0.02%
FANG	D	0.04%	0.11%	0.04%
FAST	C	0.1%	0.14%	0.1%
FCNCA	D	0.05%	0.09%	0.05%
FELE	C	0.01%	0.02%	0.01%
FFIV	A	0.04%	0.04%	0.04%
FITB	B	0.05%	0.1%	0.05%
FLEX	C	0.05%	0.04%	0.04%
FOXA	B	0.08%	0.03%	0.03%
FTNT	C	0.06%	0.2%	0.06%
FYBR	C	0.01%	0.03%	0.01%
GEHC	C	0.02%	0.14%	0.02%
GILD	B	0.78%	0.36%	0.36%
GLPI	B	0.07%	0.04%	0.04%
GNTX	F	0.06%	0.02%	0.02%
GOOGL	D	1.17%	3.23%	1.17%
GT	F	0.03%	0.01%	0.01%
HBAN	B	0.03%	0.07%	0.03%
HOLX	B	0.03%	0.06%	0.03%
HOOD	C	0.03%	0.06%	0.03%
HSIC	C	0.03%	0.03%	0.03%
HST	D	0.02%	0.04%	0.02%
HUBG	C	0.04%	0.01%	0.01%
IBKR	B	0.05%	0.05%	0.05%
IDXX	C	0.06%	0.14%	0.06%
INCY	C	0.01%	0.04%	0.01%
INTC	F	0.36%	0.29%	0.29%
INTU	D	0.26%	0.64%	0.26%
IOSP	D	0.01%	0.01%	0.01%
JAZZ	D	0.01%	0.02%	0.01%
JBHT	D	0.02%	0.06%	0.02%
JKHY	B	0.1%	0.04%	0.04%
KALU	F	0.01%	0.01%	0.01%
KDP	A	0.06%	0.17%	0.06%
KHC	C	0.16%	0.15%	0.15%
KLAC	D	0.23%	0.35%	0.23%
LAMR	A	0.05%	0.04%	0.04%
LANC	D	0.04%	0.02%	0.02%
LAUR	B	0.01%	0.01%	0.01%
LBRDK	D	0.02%	0.03%	0.02%
LECO	F	0.08%	0.03%	0.03%
LNW	B	0.02%	0.03%	0.02%
LOPE	D	0.05%	0.02%	0.02%
LPLA	D	0.07%	0.06%	0.06%
LRCX	F	0.27%	0.35%	0.27%
LSTR	D	0.08%	0.02%	0.02%
LYFT	D	0.01%	0.02%	0.01%
MANH	B	0.03%	0.05%	0.03%
MAR	C	0.11%	0.23%	0.11%
MASI	D	0.02%	0.02%	0.02%
MDLZ	B	0.22%	0.35%	0.22%
META	A	2.02%	4.01%	2.02%
MKSI	F	0.01%	0.03%	0.01%
MKTX	C	0.02%	0.04%	0.02%
MLKN	D	0.01%	0.01%	0.01%
MNST	C	0.06%	0.18%	0.06%
MORN	C	0.03%	0.05%	0.03%
MPWR	C	0.08%	0.15%	0.08%
MU	F	0.15%	0.35%	0.15%
NAVI	C	0.03%	0.01%	0.01%
NBIX	F	0.04%	0.04%	0.04%
NDAQ	B	0.02%	0.15%	0.02%
NDSN	C	0.04%	0.05%	0.04%
NFLX	B	0.44%	1.04%	0.44%
NSIT	C	0.06%	0.02%	0.02%
NTAP	D	0.08%	0.08%	0.08%
NTCT	D	0.02%	0.01%	0.01%
NTRS	B	0.02%	0.06%	0.02%
NVDA	D	1.6%	10.22%	1.6%
NWL	D	0.02%	0.02%	0.02%
NWSA	D	0.06%	0.03%	0.03%
NXST	D	0.05%	0.02%	0.02%
ODFL	C	0.02%	0.15%	0.02%
ODP	F	0.02%	0.01%	0.01%
OKTA	F	0.03%	0.04%	0.03%
OLLI	C	0.01%	0.02%	0.01%
ONB	C	0.01%	0.02%	0.01%
ORLY	B	0.18%	0.23%	0.18%
OSIS	C	0.02%	0.01%	0.01%
PANW	D	0.25%	0.39%	0.25%
PARA	F	0.02%	0.03%	0.02%
PAYX	C	0.03%	0.17%	0.03%
PCAR	D	0.08%	0.17%	0.08%
PDCO	F	0.03%	0.01%	0.01%
PECO	B	0.01%	0.02%	0.01%
PEP	C	0.62%	0.85%	0.62%
PFG	B	0.01%	0.06%	0.01%
PINC	C	0.02%	0.01%	0.01%
PLXS	B	0.02%	0.02%	0.02%
POOL	C	0.07%	0.05%	0.05%
PSMT	B	0.01%	0.01%	0.01%
PTC	D	0.05%	0.07%	0.05%
PTEN	F	0.01%	0.02%	0.01%
QCOM	D	0.62%	0.65%	0.62%
QRVO	F	0.01%	0.03%	0.01%
REGN	C	0.45%	0.43%	0.43%
RGLD	B	0.04%	0.04%	0.04%
ROP	C	0.06%	0.2%	0.06%
ROST	C	0.07%	0.18%	0.07%
RPRX	C	0.03%	0.04%	0.03%
RUSHA	C	0.03%	0.01%	0.01%
SAIA	D	0.04%	0.04%	0.04%
SAIC	C	0.01%	0.02%	0.01%
SANM	D	0.05%	0.02%	0.02%
SATS	B	0.01%	0.02%	0.01%
SBAC	C	0.03%	0.09%	0.03%
SBUX	C	0.06%	0.39%	0.06%
SCHL	D	0.01%	0.01%	0.01%
SEIC	B	0.07%	0.03%	0.03%
SFM	B	0.19%	0.04%	0.04%
SHOO	B	0.03%	0.01%	0.01%
SIGI	C	0.01%	0.02%	0.01%
SKYW	C	0.05%	0.01%	0.01%
SLM	C	0.06%	0.02%	0.02%
SMCI	F	0.14%	0.09%	0.09%
SRCL	A	0.04%	0.01%	0.01%
SRCL	A	0.04%	0.02%	0.02%
STLD	D	0.04%	0.06%	0.04%
STRA	D	0.01%	0.01%	0.01%
SYNA	F	0.01%	0.01%	0.01%
TER	D	0.03%	0.07%	0.03%
TMUS	C	0.31%	0.83%	0.31%
TROW	D	0.08%	0.08%	0.08%
TSCO	C	0.07%	0.11%	0.07%
TTEK	C	0.02%	0.04%	0.02%
TTMI	D	0.01%	0.01%	0.01%
TTWO	D	0.07%	0.09%	0.07%
TW	A	0.05%	0.05%	0.05%
TXN	C	0.21%	0.63%	0.21%
TXRH	D	0.05%	0.03%	0.03%
UAL	B	0.01%	0.06%	0.01%
UFPI	C	0.06%	0.02%	0.02%
ULTA	D	0.04%	0.06%	0.04%
URBN	D	0.05%	0.01%	0.01%
UTHR	C	0.16%	0.05%	0.05%
VC	F	0.04%	0.01%	0.01%
VIRT	B	0.05%	0.01%	0.01%
VRSK	D	0.2%	0.13%	0.13%
VRSN	D	0.04%	0.06%	0.04%
VRTX	D	0.21%	0.43%	0.21%
VTRS	C	0.13%	0.05%	0.05%
WAFD	B	0.01%	0.01%	0.01%
WBA	F	0.14%	0.03%	0.03%
WDC	D	0.15%	0.08%	0.08%
WEN	C	0.05%	0.01%	0.01%
WERN	D	0.02%	0.01%	0.01%
WTFC	B	0.01%	0.02%	0.01%
WTW	B	0.05%	0.1%	0.05%
WWD	D	0.01%	0.03%	0.01%
XRAY	D	0.04%	0.02%	0.02%
XRX	F	0.02%	0.01%	0.01%
ZION	D	0.03%	0.02%	0.02%

MFUS Overweight 561 Positions Relative to ONEQ

Symbol	Grade	Weight
LLY	C	2.48%
BRK.A	C	2.01%
WMT	B	1.87%
WFC	D	1.4%
ABBV	C	1.34%
IBM	B	1.32%
T	B	1.23%
C	D	1.22%
ORCL	B	1.13%
GE	B	1.09%
JNJ	B	1.03%
VZ	B	1.01%
XOM	D	0.99%
JPM	D	0.9%
PG	C	0.88%
MRK	D	0.87%
V	B	0.86%
CVS	D	0.8%
MA	B	0.79%
CVX	D	0.79%
TGT	C	0.68%
MPC	D	0.64%
KO	B	0.6%
PM	C	0.56%
GM	B	0.56%
VLO	D	0.54%
PSX	D	0.54%
PFE	C	0.53%
MO	C	0.52%
LMT	C	0.52%
MCK	F	0.51%
PGR	A	0.5%
UNP	B	0.48%
GS	D	0.45%
AIG	D	0.42%
COF	C	0.42%
MMM	B	0.41%
CAT	C	0.41%
MCD	C	0.4%
BAC	D	0.39%
HD	B	0.39%
NOW	A	0.37%
ALL	A	0.36%
MET	A	0.36%
CRM	D	0.35%
CAH	C	0.35%
TJX	C	0.34%
KR	B	0.34%
CL	C	0.33%
F	D	0.33%
TRV	B	0.32%
ADM	D	0.32%
AZO	D	0.3%
COP	D	0.3%
ICE	B	0.29%
SYF	C	0.29%
BMY	C	0.28%
BK	A	0.27%
DHR	B	0.27%
HPQ	D	0.27%
THC	B	0.27%
VST	C	0.26%
ANF	D	0.26%
PRU	C	0.25%
BBY	B	0.24%
LII	B	0.23%
NOC	B	0.23%
LOW	B	0.23%
WM	D	0.23%
BX	B	0.23%
CMG	C	0.22%
TSN	C	0.22%
FICO	A	0.22%
SHW	B	0.21%
UBER	C	0.21%
LYB	F	0.21%
DD	B	0.21%
WSM	C	0.21%
GLW	B	0.2%
WSO	C	0.2%
HPE	D	0.2%
UPS	D	0.19%
BSX	B	0.19%
AXP	B	0.19%
LHX	D	0.19%
MMC	C	0.19%
ACN	C	0.19%
AFL	B	0.19%
AON	B	0.19%
DVA	B	0.18%
DPZ	F	0.18%
ETN	C	0.18%
PHM	B	0.17%
DECK	C	0.17%
MUSA	C	0.17%
GD	B	0.17%
GWW	B	0.17%
IT	B	0.16%
BR	D	0.16%
CB	B	0.16%
KMB	D	0.16%
SCHW	D	0.16%
SPG	B	0.15%
EMR	D	0.15%
MSI	C	0.15%
CLX	C	0.15%
TDG	B	0.15%
BAH	B	0.14%
CI	C	0.14%
KKR	B	0.13%
RSG	D	0.13%
RMD	C	0.13%
PWR	B	0.13%
JNPR	A	0.13%
BRO	C	0.13%
TRGP	B	0.13%
PH	B	0.13%
DUK	C	0.13%
HCA	B	0.13%
EVR	B	0.12%
WELL	B	0.12%
IP	B	0.12%
CARR	B	0.12%
HWM	B	0.12%
STE	C	0.12%
ANET	B	0.12%
EOG	D	0.11%
AOS	C	0.11%
XYL	D	0.11%
USB	B	0.11%
CMI	C	0.11%
GIS	B	0.11%
RPM	B	0.11%
IRM	B	0.11%
K	A	0.1%
GPK	B	0.1%
PNC	B	0.1%
AVY	D	0.1%
TOL	B	0.1%
YUM	D	0.1%
APH	D	0.1%
MRO	D	0.1%
APO	C	0.1%
FTI	D	0.1%
ALLY	F	0.1%
UNM	B	0.1%
CRS	B	0.1%
GPI	B	0.09%
USFD	B	0.09%
AEO	D	0.09%
SLB	F	0.09%
JXN	B	0.09%
IR	C	0.09%
BDX	F	0.09%
TFC	D	0.09%
FCX	D	0.09%
HRB	C	0.09%
ARES	B	0.09%
AJG	C	0.09%
URI	B	0.09%
EFX	C	0.09%
UHS	B	0.09%
DKS	D	0.09%
GDDY	C	0.09%
CACI	B	0.09%
NEM	B	0.09%
NUE	F	0.08%
WCC	C	0.08%
MTD	D	0.08%
DFS	C	0.08%
OGN	D	0.08%
WU	D	0.08%
HLI	B	0.08%
MKC	B	0.08%
TYL	C	0.08%
FIS	B	0.08%
MTH	B	0.08%
ALSN	B	0.08%
WMB	B	0.08%
AMP	B	0.08%
OKE	B	0.08%
ITT	C	0.08%
ECL	B	0.08%
HLT	B	0.08%
RCL	B	0.08%
EHC	B	0.08%
RS	D	0.08%
LUMN	C	0.08%
BWXT	D	0.08%
ITW	B	0.08%
TMHC	B	0.08%
LDOS	C	0.08%
KMI	A	0.08%
IEX	D	0.08%
AN	D	0.08%
LEN	B	0.08%
ELV	C	0.08%
L	B	0.08%
DLR	B	0.08%
CW	B	0.08%
HUBB	B	0.08%
TAP	C	0.08%
PNR	B	0.08%
CHD	C	0.07%
JBL	D	0.07%
ABG	F	0.07%
ARW	C	0.07%
CMC	D	0.07%
SLG	B	0.07%
CE	D	0.07%
CCK	A	0.07%
OTIS	D	0.07%
OSK	D	0.07%
FCN	C	0.07%
EQH	C	0.07%
OC	C	0.07%
NVR	B	0.07%
GAP	F	0.07%
NRG	C	0.07%
ATR	B	0.07%
SYY	D	0.07%
IPG	C	0.07%
EXPD	B	0.07%
TTC	D	0.07%
EXR	B	0.07%
AIZ	B	0.07%
AYI	B	0.07%
MSCI	C	0.07%
BALL	C	0.07%
MMS	D	0.06%
TPX	C	0.06%
PK	D	0.06%
BERY	B	0.06%
KD	D	0.06%
R	B	0.06%
VNO	B	0.06%
MSM	D	0.06%
HIG	A	0.06%
HCC	F	0.06%
EMN	B	0.06%
KSS	F	0.06%
CPT	B	0.06%
CHE	C	0.06%
MAS	B	0.06%
BCC	C	0.06%
BC	C	0.06%
MLM	D	0.06%
OMC	A	0.06%
HSY	C	0.06%
TEX	D	0.06%
X	D	0.06%
INVH	C	0.06%
INGR	A	0.06%
SCI	B	0.06%
SPGI	B	0.06%
SEE	D	0.06%
VMC	D	0.06%
CFG	D	0.06%
PBF	F	0.06%
CRI	C	0.06%
MLI	B	0.06%
THO	D	0.06%
CNX	A	0.06%
LPX	B	0.06%
DGX	B	0.06%
AMG	C	0.05%
ATGE	D	0.05%
CAG	B	0.05%
CCL	C	0.05%
WAT	C	0.05%
CBT	B	0.05%
BWA	D	0.05%
ATI	C	0.05%
ROL	C	0.05%
TKR	D	0.05%
MUR	D	0.05%
RGA	B	0.05%
LNC	D	0.05%
PKG	B	0.05%
MTN	D	0.05%
NYT	C	0.05%
A	C	0.05%
DELL	D	0.05%
FL	D	0.05%
WPC	B	0.05%
POST	C	0.05%
FIX	B	0.05%
CPAY	B	0.05%
G	C	0.05%
FDS	C	0.05%
SUI	B	0.05%
DG	F	0.05%
JLL	B	0.05%
PEG	B	0.05%
EXP	B	0.05%
MHO	B	0.05%
KTB	B	0.05%
IVZ	C	0.05%
TPH	C	0.05%
CMA	B	0.04%
APLE	D	0.04%
GEO	F	0.04%
LW	D	0.04%
OLN	D	0.04%
WTM	F	0.04%
RL	B	0.04%
FHI	A	0.04%
TGNA	C	0.04%
BLDR	C	0.04%
CRBG	D	0.04%
COLD	D	0.04%
GATX	D	0.04%
HAL	F	0.04%
BAX	C	0.04%
MOS	F	0.04%
CNO	B	0.04%
SON	C	0.04%
AR	D	0.04%
PR	D	0.04%
AMH	C	0.04%
HEI	B	0.04%
GVA	B	0.04%
RRC	D	0.04%
PVH	F	0.04%
GNW	B	0.04%
PINS	F	0.04%
ELS	C	0.04%
MAN	C	0.04%
SEB	C	0.04%
ABM	D	0.04%
FLO	C	0.04%
MOG.A	B	0.04%
DCI	D	0.04%
MTG	B	0.04%
BTU	D	0.04%
HXL	F	0.04%
THG	A	0.04%
GGG	C	0.04%
ZTS	B	0.04%
KBH	B	0.04%
ACM	B	0.04%
WHR	D	0.04%
BDC	B	0.04%
DOW	D	0.04%
WST	D	0.04%
NKE	D	0.04%
STZ	C	0.04%
GNRC	D	0.04%
SIG	C	0.04%
WAB	A	0.04%
SMG	C	0.04%
NOV	D	0.04%
PPG	C	0.04%
M	F	0.04%
NFG	B	0.04%
PAG	D	0.04%
CLH	B	0.04%
CUBE	B	0.04%
SLGN	B	0.04%
BEN	F	0.04%
MAC	B	0.04%
NEU	D	0.03%
SSD	C	0.03%
DRI	C	0.03%
TXT	D	0.03%
FNF	A	0.03%
VVV	D	0.03%
FR	C	0.03%
PRG	B	0.03%
MC	B	0.03%
RLI	B	0.03%
DK	F	0.03%
MOH	C	0.03%
BKU	C	0.03%
BURL	B	0.03%
SJM	C	0.03%
AWI	B	0.03%
PRIM	C	0.03%
YELP	F	0.03%
GBX	C	0.03%
SM	D	0.03%
MDU	B	0.03%
UDR	B	0.03%
MTB	B	0.03%
WH	B	0.03%
HP	D	0.03%
DBRG	D	0.03%
BFAM	C	0.03%
BJ	D	0.03%
WTS	C	0.03%
SBH	B	0.03%
MCO	A	0.03%
DLB	D	0.03%
TFX	C	0.03%
HBI	B	0.03%
LEA	D	0.03%
TRN	C	0.03%
AVA	B	0.03%
MKL	C	0.03%
BLD	D	0.03%
EME	B	0.03%
SEM	D	0.03%
SLVM	B	0.03%
TDS	C	0.03%
ACA	C	0.03%
JEF	B	0.03%
FND	C	0.03%
DINO	D	0.03%
MSA	C	0.03%
XPO	D	0.03%
VSH	D	0.03%
JHG	B	0.03%
OMF	C	0.03%
AES	C	0.03%
APG	D	0.03%
UHAL	B	0.03%
IFF	B	0.03%
PSTG	F	0.03%
GMS	C	0.03%
AROC	C	0.03%
CPNG	B	0.03%
PSA	B	0.03%
DDS	D	0.03%
JWN	B	0.03%
OI	D	0.03%
AVTR	B	0.03%
CTVA	B	0.03%
LEG	D	0.02%
VFC	C	0.02%
BXP	B	0.02%
HNI	B	0.02%
LXP	B	0.02%
SNDR	B	0.02%
RHI	D	0.02%
BBWI	F	0.02%
SNAP	F	0.02%
GES	F	0.02%
CC	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	C	0.02%
GWRE	A	0.02%
DOV	B	0.02%
XHR	C	0.02%
GPC	D	0.02%
AIT	C	0.02%
AGCO	D	0.02%
AA	D	0.02%
PMT	B	0.02%
DXC	C	0.02%
SXT	C	0.02%
GHC	C	0.02%
EPC	F	0.02%
REZI	D	0.02%
KBR	D	0.02%
NSP	D	0.02%
VSTO	B	0.02%
PSN	B	0.02%
WMS	D	0.02%
FLS	D	0.02%
RLJ	D	0.02%
PFSI	B	0.02%
GEF	D	0.02%
HAE	D	0.02%
HII	C	0.02%
GMED	D	0.02%
SKX	C	0.02%
KEY	B	0.02%
AIR	C	0.02%
KMPR	D	0.02%
CTLT	B	0.02%
ORA	C	0.02%
COHR	B	0.02%
CXW	F	0.02%
APAM	C	0.02%
AXTA	C	0.02%
TDC	F	0.02%
PNM	B	0.02%
FAF	B	0.02%
DRH	C	0.02%
LZB	C	0.02%
WRB	C	0.02%
VNT	D	0.02%
SHO	D	0.02%
STC	B	0.02%
HOG	C	0.02%
BKE	B	0.02%
ADNT	F	0.02%
UNF	B	0.02%
RYN	C	0.02%
NVT	D	0.02%
CTRA	F	0.02%
THS	C	0.02%
MATX	C	0.02%
AAP	F	0.01%
KNX	C	0.01%
UHAL	B	0.01%
SCL	D	0.01%
ARCH	F	0.01%
SCCO	D	0.01%
ACI	F	0.01%
SWN	D	0.01%
WGO	D	0.01%
TPR	C	0.01%
UVV	D	0.01%
ESI	D	0.01%
HELE	D	0.01%
HPP	D	0.01%
HUN	D	0.01%
MTDR	D	0.01%
SWX	C	0.01%
ELAN	D	0.01%
WOR	F	0.01%
JELD	D	0.01%
CNM	F	0.01%
ESAB	C	0.01%
HRL	C	0.01%
JBGS	B	0.01%
FLR	D	0.01%
LVS	D	0.01%
FHN	D	0.01%
AFG	B	0.01%
DTM	B	0.01%
SPB	B	0.01%
WMK	C	0.01%
BRC	B	0.01%
DY	B	0.01%
CADE	B	0.01%
KN	D	0.01%
CR	C	0.01%
SF	A	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	B	0.01%
AMWD	C	0.01%
WBS	C	0.01%
TREX	F	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	C	0.01%
RBC	C	0.01%
LAD	C	0.01%
MHK	B	0.01%
LADR	B	0.01%
GOLF	F	0.01%
KEX	C	0.01%
TNET	D	0.01%
CWEN	B	0.01%
SNV	C	0.01%
BHE	C	0.01%
DAN	F	0.01%
RJF	C	0.01%
ESNT	B	0.01%
PHIN	B	0.01%
SCS	B	0.01%
DNOW	D	0.01%
WAL	B	0.01%
CSL	C	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 604 Positions Relative to ONEQ

Symbol	Grade	Weight
MSFT	C	-11.17%
GOOG	D	-3.1%
TSLA	C	-2.56%
AMD	F	-0.86%
LIN	B	-0.78%
ISRG	C	-0.6%
HON	D	-0.46%
ADI	D	-0.39%
MELI	B	-0.38%
ASML	D	-0.26%
SNPS	D	-0.26%
CDNS	D	-0.25%
PYPL	B	-0.25%
PDD	F	-0.22%
MRVL	C	-0.22%
CRWD	F	-0.21%
NXPI	D	-0.2%
AEP	B	-0.19%
ABNB	D	-0.18%
WDAY	D	-0.18%
AZN	D	-0.16%
TTD	B	-0.16%
ACGL	B	-0.15%
MCHP	D	-0.14%
CCEP	B	-0.13%
XEL	A	-0.13%
CTSH	C	-0.13%
DDOG	D	-0.12%
ALNY	B	-0.12%
CSGP	D	-0.11%
LULU	D	-0.11%
DXCM	F	-0.1%
AXON	B	-0.1%
ON	D	-0.1%
SMMT	C	-0.09%
ZS	F	-0.09%
TEAM	F	-0.09%
MRNA	F	-0.09%
STX	D	-0.08%
GFS	F	-0.08%
MDB	D	-0.08%
MSTR	D	-0.08%
FSLR	C	-0.08%
ICLR	D	-0.08%
CHKP	C	-0.07%
WBD	D	-0.07%
ILMN	C	-0.07%
NTRA	B	-0.06%
EXPE	C	-0.06%
SNY	C	-0.06%
PODD	B	-0.06%
SSNC	B	-0.06%
ZM	C	-0.06%
ZBRA	B	-0.06%
ARM	D	-0.06%
DKNG	D	-0.06%
ARGX	C	-0.06%
JD	D	-0.05%
REG	C	-0.05%
GRAB	B	-0.05%
BNTX	C	-0.05%
LOGI	D	-0.05%
TRMB	C	-0.05%
PCVX	B	-0.05%
LNT	A	-0.05%
NTNX	C	-0.05%
RIVN	F	-0.05%
BSY	D	-0.05%
TCOM	C	-0.05%
SWKS	F	-0.05%
ENPH	C	-0.05%
HAS	B	-0.04%
NTES	F	-0.04%
PPC	D	-0.04%
MEDP	D	-0.04%
Z	B	-0.04%
DOCU	C	-0.04%
WING	B	-0.04%
LCID	C	-0.04%
CYBR	D	-0.04%
PAA	D	-0.04%
AFRM	C	-0.04%
BIDU	F	-0.04%
INSM	D	-0.04%
TECH	C	-0.04%
SRPT	F	-0.04%
MNDY	B	-0.04%
EXAS	C	-0.04%
MAT	C	-0.03%
GLBE	C	-0.03%
REYN	C	-0.03%
ENSG	C	-0.03%
ETSY	F	-0.03%
WSC	D	-0.03%
FOX	B	-0.03%
FRPT	B	-0.03%
HLNE	B	-0.03%
VKTX	C	-0.03%
GTLB	D	-0.03%
MMYT	B	-0.03%
RGEN	F	-0.03%
ASND	C	-0.03%
HALO	B	-0.03%
WYNN	D	-0.03%
ACHC	C	-0.03%
CZR	C	-0.03%
SPSC	D	-0.03%
MTSI	D	-0.03%
CELH	F	-0.03%
AAON	B	-0.03%
CROX	C	-0.03%
XP	D	-0.03%
ITCI	D	-0.03%
NICE	F	-0.03%
RVMD	C	-0.03%
DUOL	B	-0.03%
APA	F	-0.03%
WIX	D	-0.03%
OTEX	D	-0.03%
OLED	C	-0.03%
SOFI	C	-0.03%
ROKU	C	-0.03%
PCTY	C	-0.03%
MTCH	C	-0.03%
BGNE	C	-0.03%
CHK	D	-0.03%
LKQ	D	-0.03%
IESC	C	-0.02%
KYMR	C	-0.02%
TCBI	B	-0.02%
SMTC	C	-0.02%
CCOI	C	-0.02%
BANF	B	-0.02%
AEIS	D	-0.02%
CVCO	B	-0.02%
VCTR	B	-0.02%
GLNG	D	-0.02%
SLAB	D	-0.02%
LITE	B	-0.02%
INTA	B	-0.02%
KTOS	B	-0.02%
FOLD	D	-0.02%
IPAR	D	-0.02%
SITM	B	-0.02%
IAC	C	-0.02%
NMIH	B	-0.02%
CRSP	F	-0.02%
STEP	B	-0.02%
RMBS	F	-0.02%
STRL	B	-0.02%
NPAB	D	-0.02%
IBOC	C	-0.02%
EXPI	C	-0.02%
VOD	B	-0.02%
WMG	D	-0.02%
PCH	C	-0.02%
AUR	C	-0.02%
TFSL	C	-0.02%
APPF	D	-0.02%
CHCI	C	-0.02%
FIZZ	D	-0.02%
BGC	B	-0.02%
MARA	F	-0.02%
RKLB	B	-0.02%
OPCH	C	-0.02%
QLYS	F	-0.02%
COLM	B	-0.02%
VLY	C	-0.02%
IMVT	D	-0.02%
CRNX	C	-0.02%
QXO	F	-0.02%
TGTX	B	-0.02%
CLBT	B	-0.02%
ITRI	C	-0.02%
RUN	C	-0.02%
BLKB	B	-0.02%
APLS	F	-0.02%
SGRY	C	-0.02%
CFLT	F	-0.02%
HTHT	F	-0.02%
ALTR	C	-0.02%
ACLX	B	-0.02%
CORT	B	-0.02%
PRCT	B	-0.02%
HWC	D	-0.02%
HCP	A	-0.02%
CRDO	D	-0.02%
TMDX	C	-0.02%
AXSM	C	-0.02%
LEGN	F	-0.02%
ALKS	C	-0.02%
SBRA	B	-0.02%
EEFT	D	-0.02%
CNXC	D	-0.02%
VRRM	D	-0.02%
DBX	D	-0.02%
RDNT	B	-0.02%
IEP	F	-0.02%
BBIO	D	-0.02%
CHX	D	-0.02%
TIGO	B	-0.02%
EXLS	C	-0.02%
MDGL	F	-0.02%
PI	B	-0.02%
UBSI	B	-0.02%
FIVE	D	-0.02%
ESGR	D	-0.02%
TENB	D	-0.02%
ADMA	B	-0.02%
ICUI	B	-0.02%
ALGM	F	-0.02%
ACIW	B	-0.02%
UMBF	B	-0.02%
AMBA	C	-0.02%
MMSI	B	-0.02%
BPOP	C	-0.02%
VRNS	C	-0.02%
COLB	B	-0.02%
FUTU	D	-0.02%
AVAV	D	-0.02%
PNFP	B	-0.02%
BPMC	D	-0.02%
SHC	B	-0.02%
NUVL	C	-0.02%
CWST	D	-0.02%
TPG	B	-0.02%
EXPO	B	-0.02%
RARE	B	-0.02%
CYTK	F	-0.02%
AAL	D	-0.02%
CSWI	B	-0.02%
CGNX	D	-0.02%
BCPC	C	-0.02%
CRVL	B	-0.02%
FFIN	B	-0.02%
PEGA	C	-0.02%
RCM	C	-0.02%
LSCC	D	-0.02%
LFUS	D	-0.02%
DNLI	B	-0.02%
ACT	A	-0.02%
KRYS	D	-0.02%
IONS	F	-0.02%
BOKF	B	-0.02%
HQY	C	-0.02%
FRHC	B	-0.02%
LNTH	C	-0.02%
NOVT	D	-0.02%
MIDD	C	-0.02%
WFRD	F	-0.02%
IQ	F	-0.01%
PYCR	D	-0.01%
SANA	F	-0.01%
ISTR	B	-0.01%
MNTK	F	-0.01%
HAFC	C	-0.01%
TRDA	F	-0.01%
TTGT	F	-0.01%
JBSS	D	-0.01%
NNDM	D	-0.01%
LQDA	F	-0.01%
LBRDA	D	-0.01%
MOMO	D	-0.01%
JACK	F	-0.01%
CERS	F	-0.01%
CIFR	F	-0.01%
GLUE	C	-0.01%
FFIC	C	-0.01%
GSM	F	-0.01%
OABI	D	-0.01%
GDEN	D	-0.01%
PLYA	D	-0.01%
CNSL	A	-0.01%
RIOT	F	-0.01%
BCBP	C	-0.01%
PLAY	F	-0.01%
BASE	F	-0.01%
SRRK	F	-0.01%
SOUN	D	-0.01%
WASH	B	-0.01%
TRS	D	-0.01%
SVRA	D	-0.01%
KELYA	D	-0.01%
GIII	C	-0.01%
EYE	F	-0.01%
NEXT	F	-0.01%
SAVA	C	-0.01%
FWRG	F	-0.01%
FLYW	F	-0.01%
CMCO	F	-0.01%
ESTA	F	-0.01%
ICHR	F	-0.01%
MATW	F	-0.01%
IMKTA	D	-0.01%
WVE	D	-0.01%
DHC	B	-0.01%
NNBR	F	-0.01%
ULCC	D	-0.01%
EMBC	C	-0.01%
FLGT	D	-0.01%
CVAC	F	-0.01%
OPK	C	-0.01%
PFC	C	-0.01%
TREE	C	-0.01%
IBUY	B	-0.01%
GMAB	F	-0.01%
CEVA	C	-0.01%
TYRA	B	-0.01%
SABR	D	-0.01%
MLCO	F	-0.01%
AVAH	C	-0.01%
COLL	B	-0.01%
WB	F	-0.01%
WULF	D	-0.01%
CDNA	C	-0.01%
BLMN	F	-0.01%
NSSC	F	-0.01%
COHU	F	-0.01%
PDFS	D	-0.01%
SDGR	F	-0.01%
TARS	C	-0.01%
NVEE	F	-0.01%
HTLD	D	-0.01%
DLO	D	-0.01%
VIR	F	-0.01%
VRNT	F	-0.01%
HBNC	B	-0.01%
VSEC	C	-0.01%
VITL	D	-0.01%
AVO	A	-0.01%
AMSF	C	-0.01%
CNDT	C	-0.01%
WABC	D	-0.01%
RDWR	C	-0.01%
COMM	B	-0.01%
IMCR	F	-0.01%
THRM	D	-0.01%
TRNS	C	-0.01%
HROW	B	-0.01%
ANIP	D	-0.01%
CRAI	C	-0.01%
SPT	F	-0.01%
TH	D	-0.01%
PFBC	C	-0.01%
INMD	D	-0.01%
CENX	D	-0.01%
CLOV	C	-0.01%
ATAT	A	-0.01%
DGII	D	-0.01%
GDYN	C	-0.01%
PEBO	C	-0.01%
MCRI	B	-0.01%
ULH	C	-0.01%
STAA	F	-0.01%
BLBD	C	-0.01%
SCSC	D	-0.01%
UCTT	F	-0.01%
MRVI	C	-0.01%
SCVL	B	-0.01%
MRTN	D	-0.01%
OCFC	B	-0.01%
UDMY	F	-0.01%
CLSK	F	-0.01%
QNST	B	-0.01%
IMTX	C	-0.01%
ARDX	D	-0.01%
WINA	C	-0.01%
CAKE	C	-0.01%
PLAB	F	-0.01%
TCBK	C	-0.01%
VMEO	C	-0.01%
DAWN	F	-0.01%
VERA	C	-0.01%
NVAX	D	-0.01%
SAFT	C	-0.01%
UNIT	C	-0.01%
MYRG	F	-0.01%
GABC	C	-0.01%
INBK	C	-0.01%
BILI	D	-0.01%
BCRX	C	-0.01%
RNW	C	-0.01%
DCOM	B	-0.01%
VECO	F	-0.01%
MSEX	C	-0.01%
CAR	F	-0.01%
TLRY	F	-0.01%
INVA	B	-0.01%
DVAX	D	-0.01%
LKFN	C	-0.01%
RCKT	D	-0.01%
AXNX	B	-0.01%
HLIT	C	-0.01%
IDCC	B	-0.01%
AHCO	B	-0.01%
FIVN	F	-0.01%
HAIN	D	-0.01%
PRDO	D	-0.01%
HEES	D	-0.01%
SIMO	F	-0.01%
FTRE	F	-0.01%
APPN	D	-0.01%
IAS	D	-0.01%
CHEF	C	-0.01%
SUPN	C	-0.01%
NWBI	C	-0.01%
VBTX	B	-0.01%
SEDG	F	-0.01%
RPD	F	-0.01%
COGT	C	-0.01%
PAGP	D	-0.01%
SYBT	B	-0.01%
SBLK	D	-0.01%
SNDX	F	-0.01%
ARVN	F	-0.01%
AY	B	-0.01%
KURA	D	-0.01%
CNXN	B	-0.01%
ROIC	B	-0.01%
BUSE	C	-0.01%
SKWD	C	-0.01%
FWRD	C	-0.01%
PGNY	F	-0.01%
HTZ	D	-0.01%
NEO	C	-0.01%
NFE	F	-0.01%
HOPE	B	-0.01%
EWTX	D	-0.01%
OSW	C	-0.01%
PTVE	D	-0.01%
EXTR	C	-0.01%
GDS	C	-0.01%
WSBC	D	-0.01%
FRME	C	-0.01%
CASH	B	-0.01%
GTX	D	-0.01%
HPK	D	-0.01%
INFN	B	-0.01%
DOOO	F	-0.01%
OLPX	C	-0.01%
BVS	B	-0.01%
NVCR	D	-0.01%
CHCO	B	-0.01%
EVCM	D	-0.01%
PRVA	D	-0.01%
JANX	C	-0.01%
RRR	D	-0.01%
SPNS	D	-0.01%
PCT	C	-0.01%
GGAL	B	-0.01%
DNUT	D	-0.01%
CRTO	D	-0.01%
TRMK	C	-0.01%
IRTC	F	-0.01%
MGNI	D	-0.01%
BANR	B	-0.01%
LGND	C	-0.01%
SBCF	C	-0.01%
ROCK	D	-0.01%
EFSC	B	-0.01%
AZTA	D	-0.01%
STBA	B	-0.01%
MNKD	B	-0.01%
YY	C	-0.01%
VIAV	D	-0.01%
HURN	C	-0.01%
KLIC	D	-0.01%
RXST	C	-0.01%
TRUP	C	-0.01%
CMPR	F	-0.01%
HRMY	B	-0.01%
MGPI	C	-0.01%
FFBC	C	-0.01%
POWL	C	-0.01%
CLBK	C	-0.01%
LMAT	B	-0.01%
JBLU	D	-0.01%
LGIH	C	-0.01%
XPEL	D	-0.01%
NMRK	B	-0.01%
MBIN	C	-0.01%
TWST	D	-0.01%
PLUG	F	-0.01%
FBNC	B	-0.01%
ATRC	C	-0.01%
ADUS	B	-0.01%
MYGN	B	-0.01%
LIVN	D	-0.01%
PLTK	C	-0.01%
GOGL	D	-0.01%
INDB	C	-0.01%
ATSG	D	-0.01%
ENVX	F	-0.01%
ZG	B	-0.01%
ALRM	F	-0.01%
AKRO	C	-0.01%
AMRX	B	-0.01%
VCEL	D	-0.01%
VRNA	B	-0.01%
RBCAA	B	-0.01%
BEAM	F	-0.01%
MGRC	F	-0.01%
SVC	F	-0.01%
PPBI	D	-0.01%
FROG	F	-0.01%
DIOD	F	-0.01%
CARG	B	-0.01%
MIRM	D	-0.01%
KROS	C	-0.01%
CVBF	C	-0.01%
CGON	C	-0.01%
BL	D	-0.01%
NBTB	D	-0.01%
USLM	B	-0.01%
MQ	F	-0.01%
ACLS	F	-0.01%
VERX	D	-0.01%
PRGS	C	-0.01%
FRSH	F	-0.01%
FULT	C	-0.01%
ZD	D	-0.01%
JAMF	D	-0.01%
GERN	D	-0.01%
ERII	D	-0.01%
TXG	D	-0.01%
TNDM	C	-0.01%
ERIC	B	-0.01%
AMPH	C	-0.01%
NWE	A	-0.01%
PLUS	B	-0.01%
PLMR	B	-0.01%
NARI	F	-0.01%
UFPT	C	-0.01%
DRVN	C	-0.01%
PRFT	A	-0.01%
PTCT	C	-0.01%
OMCL	C	-0.01%
IOVA	D	-0.01%
XNCR	C	-0.01%
DYN	D	-0.01%
MRCY	C	-0.01%
SNEX	C	-0.01%
FLNC	C	-0.01%
UPST	C	-0.01%
IBTX	B	-0.01%
ACAD	F	-0.01%
BRZE	F	-0.01%
AGIO	D	-0.01%
HTLF	B	-0.01%
CPRX	B	-0.01%
LILAK	D	-0.01%
EBC	B	-0.01%
ASTE	F	-0.01%
AGYS	D	-0.01%
SWTX	F	-0.01%
ASTH	B	-0.01%
BZ	F	-0.01%
FHB	C	-0.01%
TOWN	B	-0.01%
GSHD	B	-0.01%
IDYA	F	-0.01%
MRUS	D	-0.01%
HWKN	B	-0.01%
ALHC	C	-0.01%
QFIN	B	-0.01%
SFNC	B	-0.01%
IRDM	D	-0.01%
FORM	F	-0.01%
OZK	D	-0.01%
CATY	B	-0.01%
ROAD	B	-0.01%
ARWR	F	-0.01%
ARLP	C	-0.01%
OTTR	D	-0.01%
PENN	D	-0.01%
FIBK	B	-0.01%
PATK	B	-0.01%
VCYT	B	-0.01%
TBBK	B	-0.01%
POWI	F	-0.01%
TRMD	C	-0.01%
FTDR	B	-0.01%
FA	B	-0.01%
ACVA	B	-0.01%
LFST	C	-0.01%
SMPL	D	-0.01%
NCNO	D	-0.01%
MGEE	B	-0.01%
RNA	C	-0.01%
LI	D	-0.01%
ALKT	D	-0.01%
RYTM	B	-0.01%
CLDX	C	-0.01%
PTGX	C	-0.01%
XENE	D	-0.01%
WSFS	C	-0.01%
NWS	D	-0.01%
JJSF	C	-0.01%
WDFC	B	-0.01%
STNE	F	-0.01%
VICR	F	-0.01%
GH	D	-0.01%
ICFI	C	-0.01%
NEOG	C	-0.01%