MFUS vs. ONEV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to SPDR Russell 1000 Low Volatility Focus ETF (ONEV)

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

$52.19

Average Daily Volume

5,668

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

ONEV

SPDR Russell 1000 Low Volatility Focus ETF

ONEV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising low volatility characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$134.97

Average Daily Volume

4,832

Number of Holdings ^*

415

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ONEV
30 Days	4.12%	5.86%
60 Days	4.16%	4.74%
90 Days	6.35%	6.67%
12 Months	33.66%	27.03%

305 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ONEV	Overlap
A	D	0.05%	0.42%	0.05%
AAP	C	0.01%	0.06%	0.01%
ACI	C	0.01%	0.19%	0.01%
ACM	A	0.04%	0.19%	0.04%
ADC	B	0.01%	0.06%	0.01%
ADM	F	0.23%	0.55%	0.23%
AEP	D	0.08%	0.28%	0.08%
AES	F	0.01%	0.04%	0.01%
AGCO	D	0.02%	0.14%	0.02%
AIZ	B	0.09%	0.18%	0.09%
AKAM	F	0.02%	0.29%	0.02%
ALSN	B	0.11%	0.37%	0.11%
AMED	F	0.01%	0.04%	0.01%
AMG	B	0.06%	0.22%	0.06%
AMH	C	0.04%	0.12%	0.04%
ANSS	B	0.05%	0.29%	0.05%
AON	A	0.25%	0.56%	0.25%
AOS	D	0.08%	0.25%	0.08%
ARW	D	0.04%	0.08%	0.04%
ATO	A	0.02%	0.64%	0.02%
ATR	B	0.08%	0.23%	0.08%
AVB	B	0.03%	0.26%	0.03%
AVY	D	0.09%	0.17%	0.09%
AWI	B	0.04%	0.11%	0.04%
AXTA	A	0.02%	0.08%	0.02%
AYI	B	0.1%	0.17%	0.1%
AZO	C	0.28%	0.7%	0.28%
BAH	F	0.14%	0.22%	0.14%
BALL	D	0.07%	0.13%	0.07%
BAX	F	0.04%	0.15%	0.04%
BBY	D	0.2%	0.72%	0.2%
BC	C	0.05%	0.06%	0.05%
BEN	C	0.02%	0.06%	0.02%
BERY	B	0.06%	0.13%	0.06%
BFAM	F	0.02%	0.04%	0.02%
BJ	B	0.03%	0.33%	0.03%
BMY	B	0.41%	1.44%	0.41%
BR	A	0.17%	0.45%	0.17%
BRKR	F	0.02%	0.08%	0.02%
BRO	B	0.12%	0.33%	0.12%
BWA	C	0.01%	0.29%	0.01%
BWXT	B	0.11%	0.17%	0.11%
CACC	D	0.01%	0.02%	0.01%
CACI	D	0.08%	0.32%	0.08%
CAG	D	0.04%	0.2%	0.04%
CAH	B	0.27%	1.07%	0.27%
CASY	B	0.17%	0.54%	0.17%
CBRE	B	0.05%	0.3%	0.05%
CBSH	B	0.01%	0.07%	0.01%
CCK	D	0.06%	0.15%	0.06%
CE	F	0.02%	0.13%	0.02%
CHD	B	0.07%	0.21%	0.07%
CHE	D	0.06%	0.3%	0.06%
CHRW	C	0.14%	0.11%	0.11%
CHTR	C	0.3%	0.54%	0.3%
CINF	A	0.02%	0.69%	0.02%
CL	D	0.36%	0.25%	0.25%
CLX	C	0.13%	0.3%	0.13%
CMI	A	0.14%	0.71%	0.14%
CMS	C	0.03%	0.29%	0.03%
CNC	F	0.04%	0.63%	0.04%
CNM	D	0.01%	0.18%	0.01%
COKE	C	0.03%	0.12%	0.03%
COR	C	0.17%	0.67%	0.17%
CPAY	A	0.03%	0.24%	0.03%
CPB	D	0.04%	0.2%	0.04%
CPT	B	0.06%	0.22%	0.06%
CR	B	0.01%	0.12%	0.01%
CRI	F	0.05%	0.07%	0.05%
CRUS	F	0.04%	0.16%	0.04%
CSL	B	0.02%	0.19%	0.02%
CSX	B	0.11%	0.27%	0.11%
CTVA	B	0.04%	0.15%	0.04%
CUBE	D	0.04%	0.3%	0.04%
CVS	D	0.67%	0.29%	0.29%
CW	B	0.11%	0.14%	0.11%
CWEN	C	0.01%	0.04%	0.01%
CWEN	C	0.01%	0.02%	0.01%
D	C	0.07%	0.31%	0.07%
DCI	A	0.04%	0.26%	0.04%
DG	F	0.08%	0.33%	0.08%
DGX	B	0.09%	0.39%	0.09%
DHI	D	0.06%	0.32%	0.06%
DINO	F	0.01%	0.05%	0.01%
DLB	B	0.02%	0.15%	0.02%
DLTR	D	0.02%	0.19%	0.02%
DOV	A	0.04%	0.18%	0.04%
DOX	D	0.03%	0.36%	0.03%
DPZ	C	0.13%	0.18%	0.13%
DTE	C	0.02%	0.19%	0.02%
DTM	B	0.02%	0.21%	0.02%
DVA	B	0.17%	0.2%	0.17%
EA	C	0.19%	0.79%	0.19%
EBAY	C	0.36%	0.64%	0.36%
ED	D	0.06%	0.31%	0.06%
EHC	B	0.09%	0.26%	0.09%
EIX	A	0.05%	0.24%	0.05%
ELS	C	0.04%	0.22%	0.04%
EME	B	0.05%	0.32%	0.05%
EMN	D	0.04%	0.21%	0.04%
EQR	B	0.04%	0.24%	0.04%
ES	D	0.03%	0.13%	0.03%
ESAB	B	0.01%	0.06%	0.01%
ESI	B	0.01%	0.06%	0.01%
ESS	B	0.04%	0.13%	0.04%
ETR	B	0.05%	0.52%	0.05%
EVR	B	0.13%	0.14%	0.13%
EVRG	A	0.02%	0.32%	0.02%
EXC	D	0.07%	0.35%	0.07%
EXEL	A	0.05%	0.19%	0.05%
EXP	B	0.07%	0.17%	0.07%
EXPD	C	0.11%	0.38%	0.11%
FAF	B	0.02%	0.04%	0.02%
FAST	B	0.13%	0.63%	0.13%
FCN	D	0.05%	0.15%	0.05%
FCNCA	B	0.06%	0.16%	0.06%
FDS	B	0.04%	0.49%	0.04%
FE	D	0.03%	0.19%	0.03%
FFIV	A	0.06%	0.51%	0.06%
FIX	A	0.07%	0.12%	0.07%
FLO	C	0.04%	0.12%	0.04%
FOXA	C	0.11%	0.36%	0.11%
FR	C	0.01%	0.17%	0.01%
FYBR	D	0.01%	0.11%	0.01%
G	B	0.05%	0.26%	0.05%
GDDY	B	0.12%	0.32%	0.12%
GEHC	F	0.07%	0.49%	0.07%
GEN	A	0.1%	0.27%	0.1%
GGG	B	0.03%	0.29%	0.03%
GILD	B	0.84%	0.88%	0.84%
GIS	D	0.17%	0.35%	0.17%
GNTX	C	0.05%	0.26%	0.05%
GPK	C	0.08%	0.16%	0.08%
GWW	A	0.22%	0.42%	0.22%
HIG	B	0.06%	0.26%	0.06%
HII	F	0.02%	0.24%	0.02%
HLI	A	0.08%	0.3%	0.08%
HOG	F	0.02%	0.03%	0.02%
HOLX	D	0.03%	0.21%	0.03%
HPE	B	0.11%	0.59%	0.11%
HRB	D	0.07%	0.3%	0.07%
HRL	D	0.02%	0.12%	0.02%
HSIC	B	0.03%	0.07%	0.03%
HST	C	0.02%	0.16%	0.02%
HSY	F	0.05%	0.27%	0.05%
HUBB	B	0.03%	0.12%	0.03%
HUN	F	0.0%	0.04%	0.0%
IBKR	B	0.06%	0.11%	0.06%
IEX	B	0.09%	0.23%	0.09%
INCY	C	0.01%	0.41%	0.01%
INGR	B	0.07%	0.36%	0.07%
IP	B	0.09%	0.47%	0.09%
IPG	C	0.04%	0.25%	0.04%
ITT	A	0.08%	0.17%	0.08%
ITW	A	0.1%	0.34%	0.1%
JBHT	C	0.02%	0.26%	0.02%
JBL	C	0.03%	0.45%	0.03%
JHG	A	0.04%	0.16%	0.04%
JKHY	D	0.1%	0.21%	0.1%
JNPR	F	0.12%	0.41%	0.12%
K	A	0.15%	0.39%	0.15%
KEX	B	0.02%	0.07%	0.02%
KHC	D	0.14%	0.16%	0.14%
KMB	C	0.17%	0.42%	0.17%
KNX	B	0.01%	0.17%	0.01%
KR	A	0.37%	0.57%	0.37%
L	B	0.06%	0.22%	0.06%
LAMR	C	0.05%	0.17%	0.05%
LBRDK	C	0.03%	0.11%	0.03%
LDOS	D	0.11%	0.54%	0.11%
LEA	F	0.01%	0.14%	0.01%
LECO	C	0.06%	0.28%	0.06%
LEG	D	0.02%	0.04%	0.02%
LII	A	0.22%	0.17%	0.17%
LNT	A	0.02%	0.2%	0.02%
LOPE	B	0.05%	0.17%	0.05%
LPLA	B	0.07%	0.17%	0.07%
LSTR	B	0.09%	0.24%	0.09%
MAA	B	0.02%	0.31%	0.02%
MAN	D	0.03%	0.1%	0.03%
MAS	C	0.06%	0.33%	0.06%
MCK	C	0.64%	0.7%	0.64%
MDU	F	0.02%	0.07%	0.02%
MKC	D	0.06%	0.18%	0.06%
MKTX	D	0.02%	0.18%	0.02%
MNST	B	0.07%	0.18%	0.07%
MO	A	0.74%	0.59%	0.59%
MORN	A	0.03%	0.06%	0.03%
MSA	C	0.02%	0.05%	0.02%
MSCI	C	0.06%	0.32%	0.06%
MSM	C	0.06%	0.14%	0.06%
MTD	F	0.08%	0.16%	0.08%
MTG	B	0.02%	0.18%	0.02%
MTN	C	0.05%	0.17%	0.05%
MUSA	B	0.16%	0.27%	0.16%
NBIX	C	0.04%	0.11%	0.04%
NDAQ	A	0.05%	0.18%	0.05%
NDSN	B	0.04%	0.08%	0.04%
NEU	C	0.02%	0.13%	0.02%
NFG	B	0.05%	0.2%	0.05%
NI	A	0.02%	0.28%	0.02%
NNN	D	0.01%	0.11%	0.01%
NOC	D	0.35%	0.27%	0.27%
NRG	C	0.08%	0.13%	0.08%
NTAP	C	0.1%	0.54%	0.1%
NUE	D	0.08%	0.34%	0.08%
NVR	D	0.09%	0.42%	0.09%
NWL	A	0.02%	0.08%	0.02%
NWSA	B	0.04%	0.12%	0.04%
NXST	C	0.05%	0.07%	0.05%
NYT	C	0.03%	0.19%	0.03%
OC	B	0.02%	0.21%	0.02%
ODFL	B	0.02%	0.18%	0.02%
OGN	F	0.04%	0.07%	0.04%
OMC	C	0.06%	0.5%	0.06%
ORLY	B	0.2%	0.73%	0.2%
OSK	B	0.03%	0.17%	0.03%
OTIS	C	0.07%	0.28%	0.07%
PAG	B	0.02%	0.03%	0.02%
PAYX	B	0.04%	0.33%	0.04%
PB	B	0.01%	0.06%	0.01%
PEG	A	0.06%	0.38%	0.06%
PHM	C	0.1%	0.28%	0.1%
PINC	B	0.03%	0.1%	0.03%
PKG	B	0.1%	0.32%	0.1%
PNR	B	0.02%	0.14%	0.02%
PNW	B	0.01%	0.24%	0.01%
POOL	C	0.07%	0.37%	0.07%
POST	B	0.05%	0.13%	0.05%
PPC	C	0.01%	0.02%	0.01%
PPG	D	0.04%	0.21%	0.04%
PPL	B	0.04%	0.25%	0.04%
PSA	C	0.09%	0.64%	0.09%
PSN	D	0.02%	0.15%	0.02%
QRVO	F	0.01%	0.09%	0.01%
R	B	0.07%	0.08%	0.07%
RGLD	D	0.04%	0.16%	0.04%
RHI	C	0.02%	0.28%	0.02%
RL	B	0.03%	0.24%	0.03%
RLI	A	0.03%	0.26%	0.03%
ROL	B	0.06%	0.21%	0.06%
RPM	A	0.13%	0.24%	0.13%
RPRX	D	0.03%	0.36%	0.03%
RS	B	0.04%	0.64%	0.04%
RSG	A	0.13%	0.18%	0.13%
RYN	C	0.02%	0.1%	0.02%
SAIC	F	0.01%	0.23%	0.01%
SAM	C	0.02%	0.04%	0.02%
SBAC	D	0.03%	0.24%	0.03%
SCI	A	0.07%	0.3%	0.07%
SEB	F	0.01%	0.02%	0.01%
SEE	C	0.06%	0.02%	0.02%
SEIC	A	0.08%	0.3%	0.08%
SJM	D	0.04%	0.23%	0.04%
SKX	D	0.02%	0.21%	0.02%
SLGN	A	0.05%	0.1%	0.05%
SNDR	B	0.02%	0.05%	0.02%
SON	D	0.04%	0.14%	0.04%
SRE	A	0.08%	0.37%	0.08%
SSNC	A	0.02%	0.17%	0.02%
STE	F	0.07%	0.19%	0.07%
STLD	B	0.04%	0.23%	0.04%
SYF	A	0.31%	0.15%	0.15%
SYY	C	0.12%	0.23%	0.12%
TAP	C	0.08%	0.25%	0.08%
TFX	F	0.02%	0.11%	0.02%
TGT	F	0.59%	0.47%	0.47%
THG	C	0.05%	0.04%	0.04%
TKR	D	0.04%	0.05%	0.04%
TROW	A	0.09%	0.61%	0.09%
TRV	B	0.2%	0.36%	0.2%
TSCO	C	0.11%	0.49%	0.11%
TSN	B	0.18%	0.15%	0.15%
TTC	D	0.06%	0.13%	0.06%
TTEK	F	0.01%	0.07%	0.01%
TW	B	0.06%	0.16%	0.06%
TXRH	A	0.06%	0.12%	0.06%
UDR	B	0.03%	0.18%	0.03%
UGI	A	0.01%	0.09%	0.01%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.01%	0.08%	0.01%
UHAL	D	0.01%	0.08%	0.01%
UHAL	D	0.01%	0.01%	0.01%
UHS	D	0.06%	0.18%	0.06%
UTHR	C	0.18%	0.61%	0.18%
VFC	C	0.02%	0.17%	0.02%
VIRT	B	0.06%	0.03%	0.03%
VNT	C	0.01%	0.1%	0.01%
VRSK	A	0.16%	0.26%	0.16%
VRSN	F	0.04%	0.58%	0.04%
VST	B	0.26%	0.24%	0.24%
VTRS	B	0.15%	0.29%	0.15%
VVV	F	0.02%	0.18%	0.02%
WBA	D	0.11%	0.05%	0.05%
WH	A	0.04%	0.05%	0.04%
WHR	B	0.03%	0.15%	0.03%
WPC	D	0.03%	0.2%	0.03%
WRB	A	0.03%	0.38%	0.03%
WSO	A	0.18%	0.24%	0.18%
WST	C	0.04%	0.29%	0.04%
WTW	B	0.11%	0.27%	0.11%
WU	D	0.06%	0.13%	0.06%
WWD	B	0.01%	0.04%	0.01%
XRAY	F	0.02%	0.06%	0.02%
YUM	B	0.13%	0.33%	0.13%

MFUS Overweight 513 Positions Relative to ONEV

Symbol	Grade	Weight
BRK.A	B	2.44%
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	B	1.77%
AMZN	C	1.65%
ORCL	C	1.56%
AVGO	D	1.54%
COST	B	1.36%
ABBV	D	1.35%
JNJ	D	1.2%
IBM	C	1.09%
PG	A	1.04%
VZ	B	1.03%
KO	D	1.01%
WFC	A	0.99%
JPM	B	0.99%
AAPL	B	0.97%
AMGN	D	0.92%
PM	B	0.89%
MRK	F	0.83%
UNH	B	0.81%
T	A	0.75%
LMT	D	0.75%
QCOM	F	0.73%
PEP	F	0.71%
C	A	0.7%
CSCO	A	0.68%
HD	A	0.62%
PGR	A	0.59%
MMM	D	0.58%
GE	D	0.56%
PFE	D	0.55%
NFLX	B	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BAC	A	0.45%
XOM	C	0.43%
TMUS	A	0.43%
BKNG	B	0.42%
GS	B	0.4%
CVX	B	0.39%
TJX	A	0.38%
GM	B	0.38%
MPC	F	0.35%
LOW	C	0.35%
REGN	F	0.35%
NOW	B	0.35%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
HPQ	B	0.29%
ICE	D	0.29%
ISRG	C	0.29%
SPGI	C	0.29%
COF	B	0.29%
MA	B	0.28%
TXN	D	0.28%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
ALL	B	0.26%
FICO	B	0.25%
PANW	C	0.25%
SFM	B	0.25%
DHR	D	0.24%
PLTR	B	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
WSM	B	0.24%
ACN	B	0.24%
AXP	A	0.23%
NEE	D	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
AFL	B	0.22%
KLAC	F	0.22%
RTX	D	0.22%
MDLZ	F	0.22%
MS	B	0.22%
BSX	C	0.21%
VRTX	D	0.21%
SHW	A	0.21%
MSI	C	0.2%
MMC	A	0.2%
GLW	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
UBER	D	0.2%
FI	A	0.19%
INTC	C	0.19%
CTAS	B	0.19%
HWM	B	0.18%
AMP	B	0.18%
BK	A	0.18%
BLK	C	0.18%
NEM	F	0.17%
RMD	C	0.17%
SPG	C	0.17%
DECK	A	0.17%
MU	D	0.16%
AJG	A	0.16%
CB	D	0.16%
LRCX	F	0.16%
CMCSA	C	0.16%
VLO	C	0.16%
TDG	D	0.15%
LYB	F	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	B	0.15%
AMT	D	0.14%
ANET	C	0.14%
CME	A	0.14%
MCO	A	0.14%
PH	A	0.14%
IT	C	0.14%
APP	B	0.13%
SO	D	0.13%
BX	B	0.13%
CI	D	0.13%
DUK	C	0.13%
PNC	A	0.12%
WELL	C	0.12%
IRM	C	0.12%
APH	B	0.12%
PYPL	A	0.12%
PWR	A	0.12%
RCL	B	0.11%
XYL	D	0.11%
WMB	B	0.11%
USB	A	0.11%
DASH	A	0.11%
CEG	D	0.11%
ADP	B	0.11%
COIN	B	0.11%
EXR	C	0.11%
KMI	B	0.11%
BDX	F	0.11%
CRS	B	0.11%
TRGP	B	0.11%
HLT	A	0.1%
JXN	B	0.1%
DD	D	0.1%
OKE	C	0.1%
DFS	B	0.1%
EFX	D	0.1%
WCC	B	0.09%
TFC	B	0.09%
EMR	A	0.09%
MLI	C	0.09%
ARES	B	0.09%
IR	A	0.09%
URI	B	0.09%
ADSK	B	0.09%
TMHC	A	0.09%
GPI	B	0.09%
CALM	B	0.09%
DLR	A	0.09%
SBUX	B	0.09%
GEO	B	0.08%
TTWO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
SMCI	D	0.08%
ECL	D	0.08%
HCC	B	0.08%
WDC	C	0.08%
BKR	C	0.08%
TYL	A	0.08%
SLG	B	0.08%
EQH	B	0.08%
CPRT	A	0.08%
UFPI	B	0.07%
SQ	B	0.07%
JCI	C	0.07%
BCC	B	0.07%
NSC	A	0.07%
COP	D	0.07%
GLPI	B	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
AEO	F	0.07%
KDP	D	0.07%
VNO	B	0.07%
THO	B	0.07%
FTNT	C	0.07%
FIS	D	0.07%
CNX	B	0.07%
NKE	F	0.06%
JLL	B	0.06%
O	D	0.06%
GNRC	B	0.06%
TPH	C	0.06%
KTB	A	0.06%
HBI	B	0.06%
MPWR	F	0.06%
BFH	B	0.06%
ATGE	B	0.06%
MTH	C	0.06%
SLM	B	0.06%
PK	B	0.06%
CMC	B	0.06%
BIIB	F	0.06%
AN	B	0.06%
ROP	B	0.06%
ALNY	D	0.06%
RGA	A	0.06%
TOL	A	0.06%
LEN	C	0.06%
URBN	C	0.05%
CNO	A	0.05%
FANG	F	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
AROC	B	0.05%
TDS	B	0.05%
PRIM	A	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	C	0.05%
FLEX	B	0.05%
USFD	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
SCHW	A	0.05%
ZTS	D	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	B	0.05%
WAB	B	0.05%
MMS	F	0.05%
BTU	C	0.05%
STZ	D	0.05%
XPO	B	0.04%
AVT	C	0.04%
ADBE	C	0.04%
FL	D	0.04%
JWN	A	0.04%
CXW	C	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
PSTG	D	0.04%
RUSHA	B	0.04%
SMG	C	0.04%
OLN	F	0.04%
AGNC	D	0.04%
CFG	B	0.04%
MTB	B	0.04%
BLDR	C	0.04%
SLVM	B	0.04%
TRN	B	0.04%
SANM	B	0.04%
VTR	D	0.04%
CVLT	B	0.04%
BHF	B	0.04%
PTC	A	0.04%
GBX	A	0.04%
WTM	A	0.04%
ZBRA	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	A	0.04%
HUBG	A	0.04%
FITB	B	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	C	0.04%
FTI	A	0.04%
CRBG	B	0.04%
VLTO	C	0.04%
WERN	B	0.04%
GATX	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
MAR	A	0.04%
STC	A	0.03%
HAE	B	0.03%
GEF	B	0.03%
DRH	B	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	A	0.03%
ACA	B	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	F	0.03%
DRI	B	0.03%
AVTR	F	0.03%
BKE	B	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
TER	F	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	B	0.03%
PRG	B	0.03%
NTRS	A	0.03%
LW	C	0.03%
COLD	F	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
X	C	0.03%
MATX	C	0.03%
BLD	C	0.03%
DDS	B	0.03%
GMS	B	0.03%
AVA	B	0.03%
BKU	B	0.03%
MC	B	0.03%
KBH	C	0.03%
IVZ	B	0.03%
COHR	C	0.03%
CDP	C	0.03%
HBAN	B	0.03%
TPX	A	0.03%
SM	C	0.03%
MANH	C	0.03%
GNW	A	0.03%
ULTA	F	0.03%
MASI	A	0.03%
LANC	C	0.03%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
SF	B	0.02%
GT	C	0.02%
BHE	B	0.02%
KIM	A	0.02%
LAUR	B	0.02%
WAL	B	0.02%
UAL	B	0.02%
WBS	B	0.02%
RF	B	0.02%
PHIN	B	0.02%
JBLU	F	0.02%
NSP	F	0.02%
GME	C	0.02%
ZION	B	0.02%
DOW	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	C	0.02%
AA	A	0.02%
DNOW	B	0.02%
LAD	B	0.02%
M	D	0.02%
HNI	B	0.02%
PMT	D	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	F	0.02%
LNW	D	0.02%
REZI	B	0.02%
KBR	F	0.02%
EPC	D	0.02%
OSIS	A	0.02%
PFSI	C	0.02%
CC	C	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	D	0.02%
APOG	B	0.02%
YELP	C	0.02%
RLJ	C	0.02%
THS	F	0.02%
DORM	B	0.02%
NTCT	B	0.02%
XHR	A	0.02%
CTLT	B	0.02%
GWRE	B	0.02%
SBH	B	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
EWBC	B	0.02%
MCY	B	0.02%
AIR	B	0.02%
VSTO	A	0.02%
GHC	B	0.02%
ORA	B	0.02%
HXL	D	0.02%
CCL	B	0.02%
SVC	F	0.01%
CPRI	F	0.01%
NOV	C	0.01%
RKT	F	0.01%
JELD	F	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	D	0.01%
GIII	C	0.01%
WOR	D	0.01%
ELAN	F	0.01%
ARI	C	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
WGO	C	0.01%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	B	0.01%
XRX	F	0.01%
UVV	B	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	A	0.01%
OUT	A	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
BRC	C	0.01%
PECO	B	0.01%
SIGI	B	0.01%
ARCH	B	0.01%
SPB	C	0.01%
PFG	C	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	F	0.01%
FDP	C	0.01%
WMK	B	0.01%
DAN	F	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
BBWI	C	0.01%
TPR	A	0.01%
KN	B	0.01%
STRA	C	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
LADR	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
BMRN	F	0.01%
ICUI	D	0.01%
MUR	F	0.01%
TNET	D	0.01%
CADE	B	0.01%
CSGS	B	0.01%
FHN	B	0.01%
H	A	0.01%
WTFC	B	0.01%
PSMT	C	0.01%
AMWD	B	0.01%
ALGN	D	0.01%
PTEN	C	0.01%
SLB	C	0.01%
SCS	B	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	B	0.01%
DEI	A	0.01%
RBC	B	0.01%
HE	C	0.01%
VSH	F	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 112 Positions Relative to ONEV

Symbol	Grade	Weight
CTSH	B	-1.46%
ACGL	D	-0.93%
HUM	C	-0.75%
CBOE	B	-0.65%
EG	C	-0.57%
KVUE	A	-0.57%
LH	B	-0.55%
SNA	A	-0.55%
GPC	D	-0.54%
XEL	A	-0.53%
GRMN	A	-0.51%
SWKS	F	-0.49%
PCAR	B	-0.48%
RNR	C	-0.48%
MKL	A	-0.47%
AEE	A	-0.39%
LUV	B	-0.37%
KEYS	B	-0.35%
AMCR	D	-0.35%
WEC	A	-0.35%
SOLV	C	-0.34%
J	F	-0.34%
MOH	F	-0.32%
CTRA	B	-0.31%
JAZZ	B	-0.28%
VICI	C	-0.27%
FDX	B	-0.27%
OGE	A	-0.26%
GL	C	-0.26%
CNP	A	-0.25%
DBX	C	-0.25%
ROK	B	-0.25%
ALLE	D	-0.23%
ZBH	C	-0.23%
PRI	A	-0.22%
AME	A	-0.2%
WY	D	-0.2%
TXT	D	-0.19%
FOX	B	-0.19%
MAT	D	-0.19%
CF	B	-0.19%
ORI	A	-0.18%
SIRI	C	-0.18%
FTV	B	-0.18%
KNSL	B	-0.17%
BG	F	-0.17%
AWK	D	-0.16%
SSD	C	-0.16%
QGEN	D	-0.15%
CIEN	B	-0.14%
IDA	B	-0.14%
VMC	B	-0.14%
VMI	A	-0.13%
WTRG	B	-0.13%
LKQ	D	-0.13%
AAON	B	-0.12%
SNX	C	-0.12%
EGP	D	-0.12%
PII	F	-0.12%
MSGS	B	-0.11%
TECH	C	-0.1%
AXS	A	-0.1%
COLM	A	-0.1%
AGO	A	-0.09%
TDY	B	-0.09%
GXO	B	-0.09%
PRGO	C	-0.09%
ALK	A	-0.08%
STAG	D	-0.08%
AFG	A	-0.08%
FBIN	D	-0.08%
BRBR	B	-0.08%
IPGP	D	-0.07%
ASH	F	-0.07%
CRL	C	-0.07%
CHH	A	-0.07%
VOYA	B	-0.07%
DNB	B	-0.06%
CXT	B	-0.06%
CNH	A	-0.06%
NSA	C	-0.06%
LFUS	D	-0.06%
SN	D	-0.06%
SITE	C	-0.06%
FLS	A	-0.06%
GO	C	-0.06%
VSTS	C	-0.06%
FTRE	C	-0.05%
OZK	B	-0.05%
REYN	D	-0.05%
KRC	C	-0.05%
CGNX	C	-0.04%
AGR	B	-0.04%
WSC	D	-0.04%
FIVE	D	-0.04%
IRDM	C	-0.04%
NWS	B	-0.04%
MIDD	B	-0.04%
FMC	D	-0.04%
HIW	D	-0.04%
EEFT	B	-0.04%
WLK	D	-0.03%
GTES	A	-0.03%
OLLI	C	-0.03%
NVST	C	-0.03%
LBRDA	C	-0.02%
ST	F	-0.02%
CNA	B	-0.02%
FHB	B	-0.02%
TNL	A	-0.02%
UAA	C	-0.01%
UA	C	-0.01%