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

$51.69

Average Daily Volume

5,723

Number of Holdings ^*

815

* 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

$76.01

Average Daily Volume

238,862

Number of Holdings ^*

840

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ONEQ
30 Days	1.43%	5.06%
60 Days	5.39%	9.10%
90 Days	8.66%	12.37%
12 Months	36.24%	40.89%

218 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ONEQ	Overlap
AAPL	D	0.96%	11.09%	0.96%
ADBE	C	0.04%	0.71%	0.04%
ADP	A	0.11%	0.4%	0.11%
ADSK	B	0.09%	0.21%	0.09%
AEP	D	0.08%	0.16%	0.08%
AGNC	D	0.04%	0.02%	0.02%
AKAM	F	0.03%	0.05%	0.03%
ALGN	D	0.01%	0.05%	0.01%
ALNY	D	0.07%	0.11%	0.07%
AMAT	F	0.55%	0.51%	0.51%
AMED	F	0.01%	0.01%	0.01%
AMGN	F	1.03%	0.55%	0.55%
AMKR	F	0.03%	0.02%	0.02%
AMWD	B	0.01%	0.01%	0.01%
AMZN	B	1.64%	7.09%	1.64%
ANDE	D	0.02%	0.01%	0.01%
ANSS	B	0.05%	0.1%	0.05%
APOG	B	0.02%	0.01%	0.01%
APP	A	0.06%	0.23%	0.06%
ASO	F	0.03%	0.02%	0.02%
AVGO	B	1.63%	2.73%	1.63%
AVT	C	0.04%	0.01%	0.01%
BHF	B	0.04%	0.01%	0.01%
BIIB	F	0.07%	0.08%	0.07%
BKNG	A	0.41%	0.52%	0.41%
BKR	B	0.07%	0.14%	0.07%
BMRN	F	0.01%	0.04%	0.01%
BRKR	F	0.02%	0.03%	0.02%
CACC	F	0.01%	0.02%	0.01%
CALM	A	0.09%	0.02%	0.02%
CASY	A	0.16%	0.05%	0.05%
CBSH	A	0.01%	0.03%	0.01%
CDW	F	0.03%	0.08%	0.03%
CEG	D	0.11%	0.24%	0.11%
CENTA	C	0.01%	0.01%	0.01%
CG	B	0.03%	0.06%	0.03%
CHRW	B	0.13%	0.04%	0.04%
CHTR	B	0.3%	0.18%	0.18%
CINF	A	0.02%	0.07%	0.02%
CMCSA	B	0.16%	0.54%	0.16%
CME	B	0.14%	0.26%	0.14%
CNXN	C	0.01%	0.01%	0.01%
COIN	B	0.07%	0.17%	0.07%
COKE	D	0.02%	0.03%	0.02%
COOP	B	0.05%	0.02%	0.02%
COST	B	1.33%	1.29%	1.29%
CPB	F	0.05%	0.04%	0.04%
CPRT	B	0.08%	0.17%	0.08%
CROX	F	0.01%	0.02%	0.01%
CRUS	F	0.04%	0.02%	0.02%
CSCO	A	0.65%	0.75%	0.65%
CSGS	B	0.01%	0.01%	0.01%
CSX	B	0.11%	0.21%	0.11%
CTAS	A	0.19%	0.27%	0.19%
CVLT	B	0.04%	0.03%	0.03%
DASH	A	0.1%	0.21%	0.1%
DLTR	F	0.03%	0.04%	0.03%
DORM	B	0.02%	0.02%	0.02%
DOX	A	0.04%	0.03%	0.03%
EA	A	0.17%	0.13%	0.13%
EBAY	D	0.36%	0.1%	0.1%
ECPG	B	0.01%	0.01%	0.01%
ERIE	F	0.05%	0.07%	0.05%
EVRG	A	0.02%	0.04%	0.02%
EWBC	A	0.02%	0.04%	0.02%
EXC	D	0.07%	0.12%	0.07%
EXEL	B	0.05%	0.04%	0.04%
FANG	D	0.05%	0.17%	0.05%
FAST	B	0.13%	0.16%	0.13%
FCNCA	B	0.05%	0.09%	0.05%
FELE	B	0.01%	0.02%	0.01%
FFIV	B	0.06%	0.04%	0.04%
FITB	A	0.04%	0.09%	0.04%
FLEX	B	0.04%	0.05%	0.04%
FOXA	A	0.11%	0.03%	0.03%
FTNT	A	0.06%	0.21%	0.06%
FYBR	D	0.01%	0.03%	0.01%
GEHC	D	0.08%	0.13%	0.08%
GEN	A	0.1%	0.06%	0.06%
GIII	C	0.01%	0.01%	0.01%
GILD	B	0.87%	0.38%	0.38%
GLPI	D	0.07%	0.04%	0.04%
GNTX	C	0.05%	0.02%	0.02%
GT	C	0.01%	0.01%	0.01%
HBAN	A	0.03%	0.08%	0.03%
HOLX	D	0.04%	0.05%	0.04%
HOOD	B	0.03%	0.07%	0.03%
HSIC	F	0.03%	0.03%	0.03%
HST	C	0.02%	0.04%	0.02%
HUBG	B	0.04%	0.01%	0.01%
IBKR	A	0.05%	0.06%	0.05%
ICUI	C	0.01%	0.02%	0.01%
IDCC	A	0.01%	0.01%	0.01%
IDXX	D	0.05%	0.11%	0.05%
IMKTA	C	0.01%	0.01%	0.01%
INCY	B	0.01%	0.05%	0.01%
INTC	C	0.19%	0.36%	0.19%
IOSP	B	0.01%	0.01%	0.01%
ISRG	A	0.28%	0.59%	0.28%
JBHT	B	0.02%	0.06%	0.02%
JBLU	D	0.02%	0.01%	0.01%
JKHY	C	0.11%	0.04%	0.04%
KALU	B	0.01%	0.01%	0.01%
KDP	D	0.07%	0.14%	0.07%
KHC	F	0.16%	0.13%	0.13%
KLAC	F	0.24%	0.29%	0.24%
LAMR	D	0.05%	0.03%	0.03%
LANC	B	0.04%	0.02%	0.02%
LAUR	B	0.02%	0.01%	0.01%
LBRDK	B	0.03%	0.04%	0.03%
LECO	B	0.06%	0.04%	0.04%
LNT	C	0.02%	0.04%	0.02%
LNW	C	0.02%	0.03%	0.02%
LOPE	B	0.04%	0.02%	0.02%
LPLA	A	0.06%	0.08%	0.06%
LRCX	F	0.18%	0.33%	0.18%
LSTR	B	0.09%	0.02%	0.02%
MANH	C	0.03%	0.06%	0.03%
MAR	A	0.04%	0.24%	0.04%
MASI	B	0.03%	0.03%	0.03%
MDLZ	F	0.24%	0.28%	0.24%
META	B	2.36%	4.14%	2.36%
MKSI	D	0.01%	0.03%	0.01%
MKTX	C	0.02%	0.04%	0.02%
MLKN	D	0.01%	0.01%	0.01%
MNST	B	0.07%	0.18%	0.07%
MORN	A	0.03%	0.05%	0.03%
MPWR	F	0.08%	0.12%	0.08%
MU	C	0.17%	0.4%	0.17%
NAVI	C	0.02%	0.01%	0.01%
NBIX	C	0.04%	0.04%	0.04%
NDAQ	B	0.05%	0.14%	0.05%
NDSN	B	0.04%	0.05%	0.04%
NFLX	A	0.48%	1.09%	0.48%
NSIT	F	0.05%	0.02%	0.02%
NTAP	C	0.1%	0.08%	0.08%
NTCT	B	0.02%	0.01%	0.01%
NTRS	A	0.03%	0.07%	0.03%
NVDA	A	1.82%	11.7%	1.82%
NWL	B	0.02%	0.02%	0.02%
NWSA	B	0.04%	0.04%	0.04%
NXST	C	0.06%	0.02%	0.02%
ODFL	B	0.02%	0.15%	0.02%
ODP	F	0.02%	0.01%	0.01%
ONB	A	0.01%	0.02%	0.01%
ORLY	A	0.2%	0.23%	0.2%
OSIS	C	0.02%	0.01%	0.01%
PANW	A	0.23%	0.4%	0.23%
PARA	C	0.01%	0.03%	0.01%
PAYX	B	0.04%	0.17%	0.04%
PDCO	D	0.02%	0.01%	0.01%
PECO	B	0.01%	0.02%	0.01%
PEP	F	0.76%	0.71%	0.71%
PFG	C	0.01%	0.06%	0.01%
PINC	B	0.02%	0.01%	0.01%
PLXS	B	0.03%	0.02%	0.02%
POOL	D	0.07%	0.04%	0.04%
PPC	B	0.01%	0.04%	0.01%
PSMT	D	0.01%	0.01%	0.01%
PTC	B	0.04%	0.07%	0.04%
PTEN	D	0.01%	0.01%	0.01%
PYPL	B	0.12%	0.26%	0.12%
QCOM	F	0.8%	0.62%	0.62%
QRVO	F	0.01%	0.02%	0.01%
REGN	F	0.4%	0.28%	0.28%
RGLD	C	0.04%	0.04%	0.04%
ROP	B	0.06%	0.19%	0.06%
RPRX	F	0.03%	0.04%	0.03%
RUSHA	B	0.04%	0.02%	0.02%
SAIC	B	0.01%	0.03%	0.01%
SANM	B	0.04%	0.02%	0.02%
SATS	C	0.02%	0.01%	0.01%
SBAC	D	0.03%	0.08%	0.03%
SBUX	B	0.1%	0.35%	0.1%
SEIC	A	0.08%	0.04%	0.04%
SFM	B	0.24%	0.05%	0.05%
SHOO	D	0.03%	0.01%	0.01%
SIGI	B	0.01%	0.02%	0.01%
SKYW	B	0.06%	0.02%	0.02%
SLM	B	0.05%	0.02%	0.02%
SMCI	F	0.08%	0.05%	0.05%
SSNC	C	0.02%	0.06%	0.02%
STLD	B	0.04%	0.07%	0.04%
STRA	C	0.01%	0.01%	0.01%
SVC	F	0.01%	0.01%	0.01%
TER	D	0.03%	0.06%	0.03%
TMUS	A	0.42%	0.85%	0.42%
TROW	B	0.09%	0.08%	0.08%
TSCO	D	0.11%	0.1%	0.1%
TTEK	C	0.02%	0.04%	0.02%
TTMI	A	0.02%	0.01%	0.01%
TTWO	A	0.07%	0.1%	0.07%
TW	B	0.06%	0.05%	0.05%
TXN	B	0.3%	0.62%	0.3%
TXRH	B	0.06%	0.04%	0.04%
UAL	A	0.01%	0.09%	0.01%
UFPI	B	0.06%	0.02%	0.02%
ULTA	C	0.04%	0.06%	0.04%
URBN	C	0.05%	0.01%	0.01%
UTHR	B	0.19%	0.06%	0.06%
VC	D	0.03%	0.01%	0.01%
VIRT	B	0.05%	0.01%	0.01%
VRSK	A	0.16%	0.13%	0.13%
VRSN	C	0.04%	0.06%	0.04%
VRTX	B	0.23%	0.41%	0.23%
VTRS	B	0.13%	0.05%	0.05%
WAFD	B	0.01%	0.01%	0.01%
WBA	D	0.13%	0.02%	0.02%
WDC	D	0.08%	0.07%	0.07%
WEN	C	0.06%	0.01%	0.01%
WERN	B	0.02%	0.01%	0.01%
WTFC	A	0.01%	0.03%	0.01%
WTW	A	0.11%	0.1%	0.1%
WWD	B	0.01%	0.03%	0.01%
XRAY	F	0.03%	0.01%	0.01%
XRX	F	0.01%	0.01%	0.01%
ZBRA	A	0.04%	0.07%	0.04%
ZION	B	0.02%	0.02%	0.02%

MFUS Overweight 597 Positions Relative to ONEQ

Symbol	Grade	Weight
LLY	D	2.52%
BRK.A	C	2.36%
WMT	A	1.72%
ABBV	D	1.65%
ORCL	A	1.42%
JNJ	F	1.27%
KO	F	1.07%
IBM	D	1.07%
PG	D	1.03%
VZ	D	1.03%
JPM	B	0.93%
PM	C	0.92%
MRK	F	0.89%
WFC	B	0.87%
LMT	D	0.78%
UNH	B	0.77%
TGT	C	0.75%
T	C	0.74%
MO	A	0.73%
CVS	F	0.66%
C	B	0.65%
PFE	F	0.62%
HD	B	0.62%
MMM	D	0.58%
PGR	B	0.57%
GE	C	0.56%
MCK	B	0.56%
MCD	D	0.54%
UNP	D	0.51%
XOM	B	0.44%
BAC	A	0.42%
BMY	B	0.4%
CVX	B	0.39%
GM	B	0.37%
NOC	C	0.37%
CL	F	0.37%
KR	A	0.37%
LOW	B	0.36%
AIG	C	0.36%
TJX	B	0.36%
GS	B	0.36%
NOW	A	0.34%
MET	C	0.32%
MPC	D	0.32%
V	A	0.3%
TMO	F	0.3%
SPGI	D	0.29%
HPQ	B	0.29%
ICE	D	0.29%
WM	A	0.28%
MA	A	0.28%
AZO	C	0.28%
THC	B	0.28%
LHX	B	0.27%
COF	B	0.27%
HCA	D	0.27%
SYF	B	0.27%
DHR	F	0.26%
AON	A	0.25%
ANF	D	0.25%
ALL	A	0.25%
GD	A	0.25%
UPS	D	0.25%
CAH	B	0.25%
NEE	D	0.24%
ACN	C	0.24%
ADM	F	0.24%
PRU	B	0.23%
FICO	A	0.22%
AXP	B	0.22%
SHW	B	0.22%
PSX	D	0.22%
UBER	F	0.22%
BBY	D	0.22%
RTX	C	0.22%
GLW	B	0.21%
GWW	B	0.21%
AFL	C	0.21%
LII	B	0.21%
TRV	B	0.2%
CMG	B	0.2%
BSX	A	0.2%
VST	B	0.2%
MS	A	0.2%
MMC	C	0.2%
CAT	B	0.2%
MSI	B	0.19%
GIS	F	0.19%
WSM	F	0.19%
BAH	C	0.18%
BK	B	0.18%
NEM	F	0.18%
FI	A	0.18%
AMP	A	0.17%
TSN	C	0.17%
COR	A	0.17%
KMB	F	0.17%
RMD	B	0.17%
VLO	D	0.16%
DECK	B	0.16%
CB	D	0.16%
LYB	F	0.16%
BR	A	0.16%
SPG	B	0.16%
PLTR	B	0.16%
WSO	A	0.16%
ELV	F	0.16%
ANET	C	0.15%
AMT	F	0.15%
HWM	B	0.15%
MUSA	B	0.15%
F	C	0.15%
AJG	B	0.15%
TDG	B	0.15%
DVA	C	0.15%
K	A	0.15%
YUM	B	0.14%
PH	B	0.14%
DUK	D	0.14%
JNPR	C	0.14%
MCO	C	0.14%
KKR	B	0.14%
IT	A	0.14%
SYY	B	0.13%
CLX	B	0.13%
RPM	B	0.13%
LDOS	A	0.13%
DPZ	C	0.13%
IRM	C	0.13%
RSG	A	0.13%
CMI	B	0.13%
CI	D	0.13%
SO	D	0.13%
EVR	B	0.12%
PWR	B	0.12%
BRO	A	0.12%
BX	B	0.12%
APH	B	0.12%
WELL	B	0.12%
BDX	D	0.12%
CW	B	0.11%
HPE	B	0.11%
CACI	B	0.11%
XYL	D	0.11%
BWXT	A	0.11%
PNC	A	0.11%
GDDY	A	0.11%
EXPD	F	0.11%
EXR	D	0.11%
EFX	D	0.11%
NVR	D	0.1%
AYI	A	0.1%
DG	F	0.1%
PSA	D	0.1%
TRGP	A	0.1%
WMB	A	0.1%
AVY	F	0.1%
PHM	D	0.1%
CRS	B	0.1%
KMI	A	0.1%
PKG	B	0.1%
JXN	B	0.1%
DD	D	0.1%
ITW	B	0.1%
ALSN	B	0.1%
USB	B	0.1%
AOS	F	0.09%
ARES	B	0.09%
GPI	B	0.09%
IEX	B	0.09%
DGX	A	0.09%
OKE	A	0.09%
URI	B	0.09%
DLR	B	0.09%
DFS	B	0.09%
IP	B	0.09%
EHC	B	0.09%
RCL	A	0.09%
HLT	A	0.09%
TMHC	C	0.09%
MTD	F	0.09%
OTIS	D	0.08%
ABG	B	0.08%
HCC	C	0.08%
EMR	A	0.08%
STE	F	0.08%
FIS	C	0.08%
AIZ	A	0.08%
HRB	D	0.08%
HLI	B	0.08%
TAP	B	0.08%
AEO	F	0.08%
TFC	A	0.08%
WCC	B	0.08%
ITT	A	0.08%
ATR	A	0.08%
NUE	C	0.08%
DKS	D	0.08%
EQH	B	0.08%
GPK	D	0.08%
ECL	D	0.08%
MLI	B	0.08%
TYL	B	0.08%
SLG	C	0.08%
IR	A	0.08%
CNX	B	0.07%
EXP	B	0.07%
MSCI	B	0.07%
R	B	0.07%
CHD	B	0.07%
NSC	B	0.07%
DHI	D	0.07%
SCI	B	0.07%
BCC	B	0.07%
COP	C	0.07%
LEN	D	0.07%
THO	B	0.07%
MLM	B	0.07%
NRG	B	0.07%
BALL	D	0.07%
LPX	A	0.07%
D	D	0.07%
CCI	F	0.07%
SRE	A	0.07%
VNO	C	0.07%
BTU	C	0.06%
HSY	D	0.06%
ATGE	B	0.06%
CMC	B	0.06%
FCN	D	0.06%
KTB	B	0.06%
STZ	D	0.06%
CHE	D	0.06%
GAP	C	0.06%
TPH	D	0.06%
BC	D	0.06%
HIG	C	0.06%
WAT	B	0.06%
CPT	C	0.06%
PEG	D	0.06%
L	B	0.06%
SEE	C	0.06%
ED	D	0.06%
MKC	D	0.06%
MMS	C	0.06%
O	D	0.06%
JLL	C	0.06%
NKE	F	0.06%
RGA	A	0.06%
JCI	B	0.06%
PK	B	0.06%
AMG	C	0.06%
AN	D	0.06%
MSM	B	0.06%
CCK	B	0.06%
MTH	D	0.06%
TTC	D	0.06%
MAS	D	0.06%
UHS	D	0.06%
OMC	B	0.06%
TOL	B	0.06%
INGR	B	0.06%
BERY	C	0.06%
WU	F	0.06%
ROL	B	0.06%
PPG	F	0.05%
SCHW	A	0.05%
CRBG	C	0.05%
NFG	C	0.05%
WST	C	0.05%
OGN	F	0.05%
ETR	B	0.05%
MTN	D	0.05%
SMG	C	0.05%
BAX	F	0.05%
USFD	A	0.05%
CNC	F	0.05%
GVA	B	0.05%
HBI	B	0.05%
CARR	D	0.05%
G	B	0.05%
SLGN	A	0.05%
CBRE	B	0.05%
EIX	D	0.05%
TEX	C	0.05%
CRI	F	0.05%
ALLY	C	0.05%
POST	D	0.05%
SUI	F	0.05%
ZTS	F	0.05%
BFH	B	0.05%
WAB	B	0.05%
CBT	B	0.05%
A	F	0.05%
LUMN	B	0.05%
SQ	A	0.05%
FIX	B	0.05%
GNRC	B	0.05%
MTB	B	0.04%
ESS	C	0.04%
AMH	D	0.04%
EQR	D	0.04%
CFG	B	0.04%
TRN	A	0.04%
BJ	B	0.04%
CDP	C	0.04%
PPL	A	0.04%
WH	A	0.04%
INVH	D	0.04%
ES	F	0.04%
ACM	B	0.04%
SEM	B	0.04%
SON	F	0.04%
CLH	B	0.04%
BDC	B	0.04%
ELS	C	0.04%
JWN	B	0.04%
PSTG	D	0.04%
PRIM	B	0.04%
FDS	A	0.04%
WTM	A	0.04%
GBX	A	0.04%
BLDR	D	0.04%
SLVM	C	0.04%
HEI	C	0.04%
EMN	D	0.04%
AROC	B	0.04%
FLO	F	0.04%
GEO	B	0.04%
OLN	D	0.04%
CE	F	0.04%
UNM	A	0.04%
FL	D	0.04%
CMA	B	0.04%
ATI	D	0.04%
FTI	B	0.04%
CPNG	C	0.04%
CTVA	C	0.04%
GATX	B	0.04%
TKR	F	0.04%
JHG	B	0.04%
SIG	B	0.04%
VTR	C	0.04%
ARW	F	0.04%
EME	B	0.04%
MAC	B	0.04%
CUBE	D	0.04%
AR	B	0.04%
CAG	F	0.04%
RS	B	0.04%
KD	B	0.04%
TDS	B	0.04%
SJM	F	0.04%
IPG	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%
ABM	B	0.04%
DCI	A	0.04%
UNF	B	0.03%
DRH	B	0.03%
HXL	D	0.03%
ORA	C	0.03%
BKE	A	0.03%
RYN	F	0.03%
APAM	B	0.03%
OI	D	0.03%
OMF	B	0.03%
BURL	C	0.03%
FNF	C	0.03%
TFX	F	0.03%
DRI	B	0.03%
WPC	F	0.03%
WHR	B	0.03%
LNC	B	0.03%
FHI	A	0.03%
MRO	B	0.03%
BKU	B	0.03%
UDR	D	0.03%
MAN	F	0.03%
PRG	C	0.03%
DELL	C	0.03%
DDS	C	0.03%
APLE	B	0.03%
COHR	B	0.03%
MC	B	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	A	0.03%
AVB	B	0.03%
CPAY	A	0.03%
RL	B	0.03%
TPX	C	0.03%
LW	C	0.03%
GGG	B	0.03%
AVA	C	0.03%
JBL	B	0.03%
X	B	0.03%
AVTR	F	0.03%
SM	C	0.03%
DBRG	F	0.03%
CMS	D	0.03%
MATX	B	0.03%
XPO	B	0.03%
BLD	F	0.03%
HUBB	B	0.03%
FE	D	0.03%
OSK	B	0.03%
IVZ	C	0.03%
NYT	C	0.03%
KBH	D	0.03%
IFF	F	0.03%
COLD	F	0.03%
AWI	A	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	F	0.02%
DNOW	B	0.02%
RF	A	0.02%
WAL	B	0.02%
LXP	D	0.02%
SNV	B	0.02%
BHE	B	0.02%
UHAL	C	0.02%
BEN	C	0.02%
KIM	B	0.02%
ATO	A	0.02%
AA	C	0.02%
AXTA	B	0.02%
CSL	C	0.02%
LEG	F	0.02%
VSH	F	0.02%
TDC	D	0.02%
LAD	B	0.02%
HNI	B	0.02%
APG	B	0.02%
HP	C	0.02%
BXP	D	0.02%
WKC	D	0.02%
SNDR	A	0.02%
NSP	F	0.02%
MDU	F	0.02%
PNR	B	0.02%
DTE	D	0.02%
RHI	B	0.02%
HRL	F	0.02%
DOW	F	0.02%
PMT	F	0.02%
MAA	C	0.02%
VFC	C	0.02%
VVV	B	0.02%
M	D	0.02%
RLJ	C	0.02%
OC	B	0.02%
EPC	F	0.02%
DOV	A	0.02%
PFSI	D	0.02%
SAM	B	0.02%
YELP	C	0.02%
PBF	F	0.02%
AIR	C	0.02%
SXT	B	0.02%
VSCO	B	0.02%
GWRE	A	0.02%
MCY	B	0.02%
XHR	B	0.02%
DLB	C	0.02%
SKX	F	0.02%
OHI	B	0.02%
NI	A	0.02%
AGCO	F	0.02%
CCL	A	0.02%
HAE	B	0.02%
CTLT	C	0.02%
PAG	C	0.02%
SBH	C	0.02%
CC	D	0.02%
GHC	B	0.02%
FAF	D	0.02%
HOG	F	0.02%
CXW	B	0.02%
KBR	B	0.02%
GEF	A	0.02%
WMS	F	0.02%
RRC	B	0.02%
HII	D	0.02%
KSS	F	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	D	0.02%
VSTO	A	0.02%
GMED	B	0.02%
KEY	B	0.02%
ADNT	F	0.02%
WRB	B	0.02%
LZB	C	0.02%
NEU	C	0.02%
PSN	A	0.02%
PNM	B	0.02%
ACA	B	0.02%
JEF	B	0.02%
AAP	D	0.01%
NOV	D	0.01%
KNX	B	0.01%
CPRI	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
UHAL	C	0.01%
RKT	D	0.01%
ELAN	D	0.01%
WOR	D	0.01%
ARI	D	0.01%
IGT	D	0.01%
RDN	C	0.01%
HTH	B	0.01%
ACI	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	B	0.01%
UGI	D	0.01%
SEB	F	0.01%
OUT	C	0.01%
RVTY	C	0.01%
PB	A	0.01%
SWX	B	0.01%
ARMK	C	0.01%
CNS	B	0.01%
ESI	B	0.01%
SHO	B	0.01%
SPR	F	0.01%
JELD	F	0.01%
JBGS	F	0.01%
WMK	B	0.01%
CLF	D	0.01%
TPR	B	0.01%
CFR	B	0.01%
OMI	F	0.01%
BRC	B	0.01%
DY	C	0.01%
FDP	B	0.01%
DAN	F	0.01%
SPB	A	0.01%
LEA	F	0.01%
CNM	D	0.01%
MOS	D	0.01%
KN	B	0.01%
TNET	D	0.01%
FHN	B	0.01%
MHK	D	0.01%
DXC	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%
FLR	C	0.01%
AES	F	0.01%
H	C	0.01%
ESAB	B	0.01%
MUR	F	0.01%
RBC	B	0.01%
DTM	A	0.01%
GOLF	B	0.01%
GES	F	0.01%
SLB	D	0.01%
GME	C	0.01%
SCS	C	0.01%
NNI	C	0.01%
SAH	B	0.01%
KEX	A	0.01%
ADC	B	0.01%
CWEN	D	0.01%
BWA	B	0.01%
VNT	B	0.01%
WBS	B	0.01%
DEI	C	0.01%
SF	A	0.01%
FR	D	0.01%
SCCO	D	0.0%
NOMD	F	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 622 Positions Relative to ONEQ

Symbol	Grade	Weight
MSFT	C	-10.16%
GOOGL	B	-3.4%
GOOG	B	-3.27%
TSLA	B	-3.05%
AMD	F	-0.78%
LIN	D	-0.7%
INTU	A	-0.6%
HON	B	-0.45%
ADI	D	-0.36%
MELI	D	-0.29%
SNPS	B	-0.28%
PDD	F	-0.27%
EQIX	C	-0.27%
MRVL	B	-0.26%
CDNS	B	-0.26%
CRWD	B	-0.24%
ABNB	C	-0.21%
ASML	F	-0.2%
PCAR	B	-0.19%
TTD	A	-0.19%
NXPI	F	-0.19%
WDAY	B	-0.18%
ROST	F	-0.15%
MSTR	A	-0.15%
MCHP	F	-0.13%
DDOG	C	-0.13%
CTSH	A	-0.13%
LULU	C	-0.12%
AZN	F	-0.12%
TEAM	B	-0.12%
XEL	A	-0.12%
ACGL	D	-0.12%
AXON	B	-0.11%
CCEP	D	-0.11%
CSGP	D	-0.1%
ON	D	-0.1%
TCOM	C	-0.09%
DXCM	C	-0.09%
ZS	B	-0.09%
WBD	C	-0.08%
GFS	C	-0.08%
ILMN	C	-0.08%
JD	C	-0.07%
ZM	A	-0.07%
EXPE	B	-0.07%
FSLR	F	-0.07%
MDB	C	-0.07%
STX	D	-0.07%
NTNX	B	-0.06%
TRMB	B	-0.06%
ICLR	F	-0.06%
PODD	B	-0.06%
DKNG	B	-0.06%
ARM	C	-0.06%
ARGX	B	-0.06%
CHKP	D	-0.06%
MRNA	F	-0.06%
SAIA	B	-0.05%
DOCU	A	-0.05%
SMMT	D	-0.05%
BSY	D	-0.05%
MNDY	C	-0.05%
SNY	F	-0.05%
NTRA	B	-0.05%
ENTG	D	-0.05%
GRAB	A	-0.05%
MTSI	B	-0.04%
BNTX	D	-0.04%
PCVX	D	-0.04%
FUTU	C	-0.04%
DUOL	B	-0.04%
PAA	D	-0.04%
SRPT	F	-0.04%
PCTY	A	-0.04%
TECH	C	-0.04%
CYBR	B	-0.04%
Z	B	-0.04%
LOGI	F	-0.04%
OKTA	C	-0.04%
REG	B	-0.04%
AFRM	A	-0.04%
BIDU	F	-0.04%
SOFI	B	-0.04%
SWKS	F	-0.04%
VKTX	D	-0.03%
PNFP	B	-0.03%
GLBE	A	-0.03%
RGEN	D	-0.03%
FRHC	B	-0.03%
CSWI	B	-0.03%
APA	F	-0.03%
OLED	F	-0.03%
CHRD	F	-0.03%
LSCC	C	-0.03%
AAL	B	-0.03%
MDGL	B	-0.03%
CZR	D	-0.03%
PEGA	A	-0.03%
FOX	A	-0.03%
HLNE	B	-0.03%
GTLB	C	-0.03%
CRDO	B	-0.03%
RKLB	B	-0.03%
OTEX	D	-0.03%
HQY	A	-0.03%
MTCH	F	-0.03%
SIRI	C	-0.03%
WYNN	F	-0.03%
ROIV	D	-0.03%
ROKU	C	-0.03%
NICE	C	-0.03%
LKQ	D	-0.03%
HAS	D	-0.03%
WING	D	-0.03%
CHDN	C	-0.03%
ITCI	B	-0.03%
WIX	B	-0.03%
EXAS	F	-0.03%
ENPH	F	-0.03%
BGNE	D	-0.03%
AAON	B	-0.03%
RVMD	B	-0.03%
MEDP	D	-0.03%
INSM	D	-0.03%
NTES	F	-0.03%
RIVN	F	-0.03%
CVCO	B	-0.02%
XENE	B	-0.02%
IAC	F	-0.02%
KTOS	B	-0.02%
CATY	B	-0.02%
BZ	F	-0.02%
VERX	B	-0.02%
IPAR	C	-0.02%
RYTM	B	-0.02%
FTDR	B	-0.02%
NWS	B	-0.02%
APPF	B	-0.02%
CLBT	C	-0.02%
RARE	F	-0.02%
CRSP	C	-0.02%
SGRY	D	-0.02%
IMVT	D	-0.02%
BLKB	C	-0.02%
TFSL	A	-0.02%
BANF	B	-0.02%
DNLI	B	-0.02%
CCOI	C	-0.02%
AXSM	B	-0.02%
FRSH	C	-0.02%
COLM	B	-0.02%
QFIN	C	-0.02%
TCBI	A	-0.02%
AUR	C	-0.02%
ALKT	C	-0.02%
AEIS	B	-0.02%
KRYS	B	-0.02%
FIZZ	B	-0.02%
DJT	D	-0.02%
UPST	B	-0.02%
WMG	B	-0.02%
IBOC	B	-0.02%
CHCI	C	-0.02%
GLNG	C	-0.02%
FIVE	F	-0.02%
VCTR	B	-0.02%
POWL	B	-0.02%
USLM	B	-0.02%
TIGO	D	-0.02%
BBIO	F	-0.02%
SBRA	B	-0.02%
PAYO	B	-0.02%
ALKS	B	-0.02%
CRNX	B	-0.02%
EEFT	C	-0.02%
ALGM	F	-0.02%
IEP	F	-0.02%
PI	D	-0.02%
LI	D	-0.02%
VICR	B	-0.02%
ROAD	B	-0.02%
ACLX	B	-0.02%
STEP	B	-0.02%
SHC	D	-0.02%
BGC	B	-0.02%
RDNT	B	-0.02%
INTA	B	-0.02%
VLY	B	-0.02%
MARA	C	-0.02%
NCNO	B	-0.02%
LNTH	F	-0.02%
LITE	B	-0.02%
BPOP	C	-0.02%
BECN	B	-0.02%
CHX	D	-0.02%
BPMC	B	-0.02%
NUVL	D	-0.02%
QLYS	C	-0.02%
HWC	B	-0.02%
ITRI	B	-0.02%
ALTR	C	-0.02%
TENB	D	-0.02%
VRNS	D	-0.02%
PRCT	B	-0.02%
DBX	B	-0.02%
EXPO	D	-0.02%
CWST	B	-0.02%
IONS	F	-0.02%
ACT	D	-0.02%
REYN	D	-0.02%
MMSI	A	-0.02%
UBSI	B	-0.02%
STRL	B	-0.02%
RMBS	C	-0.02%
CYTK	C	-0.02%
LCID	F	-0.02%
QXO	D	-0.02%
ETSY	C	-0.02%
BCPC	B	-0.02%
HTHT	C	-0.02%
RCM	B	-0.02%
UMBF	B	-0.02%
WFRD	D	-0.02%
SITM	B	-0.02%
CFLT	B	-0.02%
LFUS	D	-0.02%
EXLS	A	-0.02%
OLLI	D	-0.02%
CORT	B	-0.02%
LYFT	B	-0.02%
IESC	B	-0.02%
CELH	F	-0.02%
JAZZ	B	-0.02%
ACIW	B	-0.02%
ENSG	C	-0.02%
AVAV	C	-0.02%
CGNX	B	-0.02%
FFIN	B	-0.02%
CRVL	B	-0.02%
ASND	D	-0.02%
MAT	C	-0.02%
TPG	B	-0.02%
FRPT	B	-0.02%
XP	F	-0.02%
NOVT	C	-0.02%
HALO	B	-0.02%
WSC	F	-0.02%
MIDD	C	-0.02%
BOKF	B	-0.02%
MMYT	C	-0.02%
SPSC	D	-0.02%
COLB	B	-0.02%
NVAX	F	-0.01%
NNDM	F	-0.01%
CNTA	B	-0.01%
GMAB	F	-0.01%
SVRA	D	-0.01%
CDNA	D	-0.01%
OABI	C	-0.01%
KRUS	C	-0.01%
CNSL	B	-0.01%
EBTC	B	-0.01%
IMTX	F	-0.01%
GSM	F	-0.01%
RLAY	F	-0.01%
BVS	C	-0.01%
BCBP	A	-0.01%
PSNY	F	-0.01%
LQDA	C	-0.01%
OPK	C	-0.01%
JACK	D	-0.01%
EMBC	B	-0.01%
BMBL	C	-0.01%
NRIX	B	-0.01%
MGPI	F	-0.01%
MOMO	C	-0.01%
MATW	C	-0.01%
WOOF	D	-0.01%
FLYW	C	-0.01%
PHAT	F	-0.01%
COLL	F	-0.01%
FLGT	F	-0.01%
SDGR	C	-0.01%
BCYC	D	-0.01%
AOSL	F	-0.01%
TRS	B	-0.01%
EYE	D	-0.01%
BLBD	F	-0.01%
IQ	D	-0.01%
TRNS	D	-0.01%
TTGT	C	-0.01%
MRVI	F	-0.01%
PGNY	F	-0.01%
TH	C	-0.01%
PYCR	C	-0.01%
OLPX	F	-0.01%
VRNT	D	-0.01%
ESTA	D	-0.01%
ISTR	A	-0.01%
RDFN	D	-0.01%
COGT	D	-0.01%
FFIC	B	-0.01%
MNTK	D	-0.01%
TRDA	B	-0.01%
NSSC	F	-0.01%
CBRL	D	-0.01%
AMRK	F	-0.01%
PLUG	D	-0.01%
BLMN	F	-0.01%
THRM	D	-0.01%
DLO	D	-0.01%
WASH	A	-0.01%
BASE	C	-0.01%
IRON	B	-0.01%
HAFC	B	-0.01%
HTZ	D	-0.01%
HTLD	C	-0.01%
AVAH	C	-0.01%
PLAY	C	-0.01%
ICHR	C	-0.01%
ASTL	B	-0.01%
PLYA	B	-0.01%
MYGN	F	-0.01%
CMCO	C	-0.01%
VITL	F	-0.01%
SCVL	D	-0.01%
SABR	C	-0.01%
RNW	F	-0.01%
PFC	B	-0.01%
ANIP	C	-0.01%
CLOV	C	-0.01%
STAA	F	-0.01%
SPRY	B	-0.01%
AVO	B	-0.01%
LILAK	F	-0.01%
IMCR	C	-0.01%
PDFS	B	-0.01%
RCKT	F	-0.01%
FTRE	D	-0.01%
CNDT	B	-0.01%
DOOO	F	-0.01%
TLRY	F	-0.01%
FWRD	D	-0.01%
IBUY	A	-0.01%
CEVA	B	-0.01%
COHU	C	-0.01%
NVEE	C	-0.01%
RDWR	B	-0.01%
HLIT	D	-0.01%
KRNT	B	-0.01%
SPT	D	-0.01%
VECO	F	-0.01%
KURA	D	-0.01%
AHCO	C	-0.01%
ARDX	F	-0.01%
CLDX	F	-0.01%
HBNC	B	-0.01%
TVTX	B	-0.01%
MRTN	B	-0.01%
BCRX	C	-0.01%
HROW	B	-0.01%
INFN	C	-0.01%
WABC	B	-0.01%
SOUN	C	-0.01%
FWRG	C	-0.01%
MCRI	A	-0.01%
MLCO	F	-0.01%
SAFT	B	-0.01%
CRTO	D	-0.01%
PEBO	B	-0.01%
NEXT	B	-0.01%
SCSC	B	-0.01%
INMD	C	-0.01%
VIR	C	-0.01%
SIMO	F	-0.01%
PFBC	B	-0.01%
LBRDA	B	-0.01%
WB	F	-0.01%
ATEX	F	-0.01%
UDMY	C	-0.01%
AMSF	A	-0.01%
GLUE	C	-0.01%
INVA	B	-0.01%
UNIT	B	-0.01%
UCTT	F	-0.01%
TCBK	B	-0.01%
HAIN	F	-0.01%
PLAB	C	-0.01%
TXG	F	-0.01%
AXNX	A	-0.01%
MQ	F	-0.01%
WINA	B	-0.01%
CRAI	B	-0.01%
IREN	B	-0.01%
SBLK	D	-0.01%
ENVX	F	-0.01%
OCFC	B	-0.01%
DAWN	B	-0.01%
MSEX	B	-0.01%
VRDN	C	-0.01%
MBUU	C	-0.01%
LBPH	A	-0.01%
DGII	B	-0.01%
QNST	B	-0.01%
NEO	C	-0.01%
AUPH	B	-0.01%
UPBD	B	-0.01%
PAGP	D	-0.01%
ULH	B	-0.01%
INBK	B	-0.01%
DVAX	B	-0.01%
TNDM	F	-0.01%
ULCC	B	-0.01%
AY	B	-0.01%
VSEC	A	-0.01%
BUSE	B	-0.01%
ATSG	A	-0.01%
NVCR	C	-0.01%
GABC	A	-0.01%
GTX	D	-0.01%
LKFN	B	-0.01%
FA	D	-0.01%
HRMY	D	-0.01%
CHEF	B	-0.01%
PCT	C	-0.01%
ERII	B	-0.01%
GDYN	B	-0.01%
RXST	F	-0.01%
AZTA	D	-0.01%
HPK	D	-0.01%
RIOT	C	-0.01%
TARS	B	-0.01%
MNKD	C	-0.01%
MGNI	A	-0.01%
PRDO	B	-0.01%
YY	D	-0.01%
ACLS	F	-0.01%
NWBI	B	-0.01%
TMDX	F	-0.01%
MBIN	D	-0.01%
ROIC	A	-0.01%
CAKE	B	-0.01%
PTVE	D	-0.01%
DYN	D	-0.01%
FIVN	C	-0.01%
DNUT	D	-0.01%
STBA	C	-0.01%
ARVN	D	-0.01%
CMPR	D	-0.01%
TRMD	F	-0.01%
LGIH	F	-0.01%
ATAT	B	-0.01%
RRR	F	-0.01%
IAS	C	-0.01%
SNDX	D	-0.01%
HOPE	B	-0.01%
XPEL	C	-0.01%
BEAM	C	-0.01%
XNCR	B	-0.01%
TWST	C	-0.01%
CAR	C	-0.01%
VERA	B	-0.01%
SUPN	B	-0.01%
IDYA	D	-0.01%
RUN	F	-0.01%
VMEO	B	-0.01%
VBTX	B	-0.01%
CHCO	B	-0.01%
SASR	B	-0.01%
DCOM	B	-0.01%
PTGX	C	-0.01%
JANX	C	-0.01%
EXTR	B	-0.01%
ROCK	B	-0.01%
WSBC	B	-0.01%
TRUP	B	-0.01%
NNBR	D	-0.01%
ADUS	D	-0.01%
ZLAB	C	-0.01%
EVCM	B	-0.01%
AKRO	C	-0.01%
RPD	C	-0.01%
SYBT	B	-0.01%
SPNS	F	-0.01%
NMRK	B	-0.01%
SBCF	B	-0.01%
CLBK	B	-0.01%
FRME	A	-0.01%
CASH	A	-0.01%
CLSK	C	-0.01%
GOGL	D	-0.01%
AMRX	B	-0.01%
APPN	B	-0.01%
OSW	A	-0.01%
SKWD	A	-0.01%
GERN	D	-0.01%
GDS	B	-0.01%
MIRM	B	-0.01%
ARCB	C	-0.01%
SWTX	D	-0.01%
FBNC	B	-0.01%
EFSC	B	-0.01%
KYMR	B	-0.01%
NPAB	F	-0.01%
DIOD	F	-0.01%
ALRM	C	-0.01%
NWE	C	-0.01%
FLNC	C	-0.01%
CNXC	F	-0.01%
AMPH	C	-0.01%
CPRX	B	-0.01%
PRVA	B	-0.01%
IRTC	C	-0.01%
JAMF	F	-0.01%
FFBC	B	-0.01%
HEES	B	-0.01%
LIVN	D	-0.01%
ZD	B	-0.01%
TFIN	A	-0.01%
LMAT	B	-0.01%
MYRG	B	-0.01%
TRMK	B	-0.01%
VCYT	B	-0.01%
VRNA	B	-0.01%
CENX	B	-0.01%
GGAL	B	-0.01%
CIFR	B	-0.01%
OPCH	F	-0.01%
PLTK	B	-0.01%
HURN	B	-0.01%
VCEL	B	-0.01%
PLMR	C	-0.01%
KLIC	B	-0.01%
HCP	A	-0.01%
NBTB	B	-0.01%
BANR	B	-0.01%
LGND	B	-0.01%
ARWR	C	-0.01%
ASTE	B	-0.01%
BRZE	C	-0.01%
SYNA	D	-0.01%
INDB	B	-0.01%
VIAV	B	-0.01%
PATK	D	-0.01%
CGON	C	-0.01%
RBCAA	B	-0.01%
WULF	B	-0.01%
FORM	D	-0.01%
PPBI	B	-0.01%
ALHC	C	-0.01%
PLUS	D	-0.01%
CARG	A	-0.01%
BILI	C	-0.01%
UFPT	B	-0.01%
APLS	F	-0.01%
ERIC	C	-0.01%
HWKN	C	-0.01%
FROG	C	-0.01%
ACAD	C	-0.01%
ZG	B	-0.01%
MGRC	B	-0.01%
KROS	B	-0.01%
STNE	D	-0.01%
FULT	B	-0.01%
NARI	C	-0.01%
PRGS	A	-0.01%
TOWN	B	-0.01%
BL	B	-0.01%
ACVA	C	-0.01%
MRCY	B	-0.01%
PENN	B	-0.01%
ATRC	B	-0.01%
ESGR	C	-0.01%
EXPI	B	-0.01%
SMTC	B	-0.01%
CVBF	B	-0.01%
ASTH	F	-0.01%
DRVN	A	-0.01%
EWTX	B	-0.01%
SRRK	C	-0.01%
NMIH	D	-0.01%
IBTX	B	-0.01%
MRUS	C	-0.01%
OTTR	C	-0.01%
NEOG	D	-0.01%
EBC	B	-0.01%
IRDM	C	-0.01%
IOVA	D	-0.01%
ACHC	F	-0.01%
SMPL	B	-0.01%
LEGN	F	-0.01%
GSHD	B	-0.01%
ICFI	C	-0.01%
VOD	F	-0.01%
FIBK	B	-0.01%
AGYS	B	-0.01%
OMCL	C	-0.01%
FOLD	D	-0.01%
HTLF	B	-0.01%
TGTX	B	-0.01%
ADMA	B	-0.01%
AGIO	B	-0.01%
SNEX	B	-0.01%
FHB	B	-0.01%
MGEE	A	-0.01%
POWI	C	-0.01%
WVE	B	-0.01%
PCH	F	-0.01%
JJSF	B	-0.01%
WDFC	A	-0.01%
TBBK	B	-0.01%
OZK	B	-0.01%
PTCT	B	-0.01%
RNA	B	-0.01%
LFST	B	-0.01%
WSFS	A	-0.01%
AMBA	B	-0.01%
ARLP	C	-0.01%
GH	B	-0.01%
VRRM	F	-0.01%
SLAB	F	-0.01%
SFNC	B	-0.01%