MFUS vs. ONOF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Global X Adaptive U.S. Risk Management ETF (ONOF)

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

ONOF

Global X Adaptive U.S. Risk Management ETF

ONOF Description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to a portfolio of U.S. Treasuries with 1-3 years remaining to maturity. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.77

Average Daily Volume

4,670

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ONOF
30 Days	2.73%	3.66%
60 Days	3.41%	5.15%
90 Days	5.38%	6.75%
12 Months	32.49%	25.68%

362 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ONOF	Overlap
A	D	0.05%	0.08%	0.05%
AAPL	C	0.96%	6.64%	0.96%
ABBV	D	1.36%	0.59%	0.59%
ACN	C	0.25%	0.45%	0.25%
ADBE	C	0.04%	0.46%	0.04%
ADM	D	0.22%	0.05%	0.05%
ADP	B	0.11%	0.24%	0.11%
ADSK	A	0.09%	0.13%	0.09%
AEP	D	0.08%	0.1%	0.08%
AFL	B	0.21%	0.11%	0.11%
AIG	B	0.34%	0.1%	0.1%
AJG	B	0.16%	0.12%	0.12%
AKAM	D	0.02%	0.03%	0.02%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.26%	0.1%	0.1%
ALNY	D	0.06%	0.06%	0.06%
AMAT	F	0.55%	0.3%	0.3%
AMGN	D	0.94%	0.31%	0.31%
AMP	A	0.18%	0.11%	0.11%
AMT	D	0.13%	0.18%	0.13%
AMZN	C	1.71%	3.9%	1.71%
ANET	C	0.14%	0.18%	0.14%
ANSS	B	0.05%	0.06%	0.05%
AON	A	0.24%	0.14%	0.14%
APH	A	0.12%	0.17%	0.12%
APP	B	0.11%	0.13%	0.11%
ARES	A	0.09%	0.06%	0.06%
ATO	A	0.02%	0.04%	0.02%
AVB	B	0.03%	0.06%	0.03%
AVGO	D	1.59%	1.53%	1.53%
AVTR	F	0.03%	0.03%	0.03%
AVY	D	0.09%	0.03%	0.03%
AXP	A	0.23%	0.32%	0.23%
AZO	C	0.28%	0.11%	0.11%
BAC	A	0.45%	0.61%	0.45%
BAH	F	0.15%	0.04%	0.04%
BALL	D	0.07%	0.04%	0.04%
BAX	D	0.04%	0.03%	0.03%
BBY	D	0.21%	0.03%	0.03%
BDX	F	0.11%	0.13%	0.11%
BIIB	F	0.07%	0.05%	0.05%
BK	A	0.18%	0.11%	0.11%
BKNG	A	0.42%	0.33%	0.33%
BKR	B	0.08%	0.09%	0.08%
BLDR	D	0.04%	0.04%	0.04%
BLK	C	0.19%	0.3%	0.19%
BMRN	D	0.01%	0.02%	0.01%
BMY	B	0.41%	0.23%	0.23%
BR	A	0.17%	0.05%	0.05%
BRK.A	B	2.42%	1.21%	1.21%
BRO	B	0.12%	0.05%	0.05%
BSX	B	0.2%	0.25%	0.2%
BX	A	0.13%	0.25%	0.13%
BXP	D	0.02%	0.02%	0.02%
C	A	0.69%	0.25%	0.25%
CAG	D	0.04%	0.03%	0.03%
CAH	B	0.27%	0.06%	0.06%
CARR	D	0.05%	0.12%	0.05%
CAT	B	0.2%	0.37%	0.2%
CB	C	0.16%	0.23%	0.16%
CBRE	B	0.05%	0.08%	0.05%
CCI	D	0.07%	0.09%	0.07%
CCL	B	0.02%	0.05%	0.02%
CDW	F	0.03%	0.05%	0.03%
CE	F	0.02%	0.02%	0.02%
CEG	D	0.11%	0.14%	0.11%
CFG	B	0.04%	0.04%	0.04%
CHD	B	0.07%	0.05%	0.05%
CHTR	C	0.3%	0.07%	0.07%
CI	F	0.13%	0.18%	0.13%
CINF	A	0.02%	0.04%	0.02%
CL	D	0.35%	0.15%	0.15%
CLX	B	0.12%	0.04%	0.04%
CMCSA	B	0.16%	0.33%	0.16%
CME	A	0.14%	0.16%	0.14%
CMG	B	0.2%	0.16%	0.16%
CMI	A	0.14%	0.1%	0.1%
CMS	C	0.03%	0.04%	0.03%
CNC	D	0.04%	0.06%	0.04%
COF	B	0.29%	0.14%	0.14%
COIN	C	0.1%	0.11%	0.1%
COP	C	0.07%	0.26%	0.07%
COR	B	0.17%	0.08%	0.08%
COST	B	1.35%	0.8%	0.8%
CPAY	A	0.03%	0.05%	0.03%
CPB	D	0.04%	0.02%	0.02%
CPNG	D	0.04%	0.05%	0.04%
CPRT	A	0.09%	0.1%	0.09%
CSCO	B	0.68%	0.46%	0.46%
CSL	C	0.02%	0.04%	0.02%
CSX	B	0.11%	0.14%	0.11%
CTAS	B	0.19%	0.15%	0.15%
CTVA	C	0.04%	0.08%	0.04%
CVS	D	0.65%	0.14%	0.14%
CVX	A	0.39%	0.54%	0.39%
D	C	0.07%	0.09%	0.07%
DASH	A	0.11%	0.11%	0.11%
DD	D	0.1%	0.06%	0.06%
DECK	A	0.17%	0.06%	0.06%
DELL	C	0.03%	0.08%	0.03%
DFS	B	0.1%	0.08%	0.08%
DG	F	0.09%	0.03%	0.03%
DGX	A	0.09%	0.03%	0.03%
DHI	D	0.06%	0.1%	0.06%
DHR	F	0.24%	0.3%	0.24%
DLR	B	0.09%	0.11%	0.09%
DLTR	F	0.03%	0.03%	0.03%
DOV	A	0.04%	0.05%	0.04%
DOW	F	0.02%	0.06%	0.02%
DOX	D	0.03%	0.02%	0.02%
DRI	B	0.03%	0.04%	0.03%
DTE	C	0.02%	0.05%	0.02%
DUK	C	0.13%	0.17%	0.13%
EA	A	0.18%	0.08%	0.08%
EBAY	D	0.36%	0.06%	0.06%
ECL	D	0.08%	0.12%	0.08%
ED	D	0.05%	0.06%	0.05%
EFX	F	0.11%	0.06%	0.06%
EIX	B	0.05%	0.06%	0.05%
ELV	F	0.16%	0.19%	0.16%
EME	C	0.04%	0.04%	0.04%
EMR	A	0.09%	0.14%	0.09%
EQR	B	0.04%	0.05%	0.04%
ERIE	D	0.04%	0.02%	0.02%
ES	D	0.03%	0.04%	0.03%
ESS	B	0.04%	0.04%	0.04%
ETR	B	0.05%	0.06%	0.05%
EVRG	A	0.02%	0.03%	0.02%
EXC	C	0.07%	0.07%	0.07%
EXPD	D	0.11%	0.03%	0.03%
EXR	D	0.11%	0.07%	0.07%
F	C	0.16%	0.08%	0.08%
FANG	D	0.05%	0.06%	0.05%
FAST	B	0.13%	0.09%	0.09%
FCNCA	A	0.06%	0.05%	0.05%
FDS	B	0.04%	0.04%	0.04%
FE	C	0.03%	0.04%	0.03%
FI	A	0.19%	0.24%	0.19%
FICO	B	0.25%	0.11%	0.11%
FIS	C	0.07%	0.1%	0.07%
FITB	A	0.04%	0.06%	0.04%
FOXA	B	0.11%	0.02%	0.02%
FTNT	C	0.07%	0.11%	0.07%
GD	F	0.24%	0.13%	0.13%
GDDY	A	0.12%	0.05%	0.05%
GE	D	0.56%	0.38%	0.38%
GEHC	F	0.07%	0.07%	0.07%
GILD	C	0.87%	0.23%	0.23%
GIS	D	0.17%	0.07%	0.07%
GLW	B	0.2%	0.07%	0.07%
GM	B	0.4%	0.13%	0.13%
GS	A	0.41%	0.36%	0.36%
GWW	B	0.21%	0.1%	0.1%
HBAN	A	0.03%	0.05%	0.03%
HCA	F	0.25%	0.13%	0.13%
HD	A	0.62%	0.79%	0.62%
HEI	B	0.04%	0.03%	0.03%
HEI	B	0.04%	0.02%	0.02%
HIG	B	0.06%	0.07%	0.06%
HLT	A	0.1%	0.12%	0.1%
HOLX	D	0.03%	0.04%	0.03%
HOOD	B	0.04%	0.03%	0.03%
HPE	B	0.11%	0.05%	0.05%
HPQ	B	0.28%	0.07%	0.07%
HRL	D	0.02%	0.02%	0.02%
HSY	F	0.05%	0.05%	0.05%
HUBB	B	0.03%	0.05%	0.03%
HWM	A	0.17%	0.09%	0.09%
IBKR	A	0.06%	0.03%	0.03%
IBM	C	1.05%	0.38%	0.38%
ICE	C	0.29%	0.17%	0.17%
IDXX	F	0.05%	0.07%	0.05%
IEX	B	0.09%	0.03%	0.03%
IFF	D	0.03%	0.04%	0.03%
INCY	C	0.01%	0.03%	0.01%
INTC	D	0.2%	0.21%	0.2%
INVH	D	0.04%	0.04%	0.04%
IR	B	0.09%	0.08%	0.08%
IRM	D	0.12%	0.06%	0.06%
ISRG	A	0.29%	0.37%	0.29%
IT	C	0.15%	0.08%	0.08%
ITW	B	0.1%	0.16%	0.1%
JBHT	C	0.02%	0.03%	0.02%
JBL	B	0.03%	0.03%	0.03%
JCI	C	0.07%	0.11%	0.07%
JNJ	D	1.18%	0.72%	0.72%
JPM	A	0.99%	1.35%	0.99%
K	A	0.15%	0.04%	0.04%
KDP	D	0.07%	0.07%	0.07%
KHC	F	0.15%	0.05%	0.05%
KKR	A	0.15%	0.2%	0.15%
KLAC	D	0.23%	0.17%	0.17%
KMB	D	0.16%	0.09%	0.09%
KMI	A	0.11%	0.1%	0.1%
KO	D	1.0%	0.48%	0.48%
KR	B	0.38%	0.08%	0.08%
L	A	0.06%	0.03%	0.03%
LDOS	C	0.11%	0.04%	0.04%
LEN	D	0.06%	0.0%	0.0%
LEN	D	0.06%	0.08%	0.06%
LHX	C	0.26%	0.09%	0.09%
LII	A	0.21%	0.04%	0.04%
LLY	F	2.39%	1.31%	1.31%
LMT	D	0.75%	0.25%	0.25%
LNT	A	0.02%	0.03%	0.02%
LOW	D	0.35%	0.3%	0.3%
LPLA	A	0.07%	0.05%	0.05%
LRCX	F	0.17%	0.19%	0.17%
LYB	F	0.15%	0.04%	0.04%
MA	C	0.28%	0.84%	0.28%
MAA	B	0.02%	0.04%	0.02%
MAR	B	0.04%	0.13%	0.04%
MCD	D	0.53%	0.42%	0.42%
MCK	B	0.63%	0.16%	0.16%
MCO	B	0.15%	0.15%	0.15%
MDLZ	F	0.23%	0.17%	0.17%
MET	A	0.32%	0.1%	0.1%
META	D	2.35%	2.47%	2.35%
MKC	D	0.05%	0.04%	0.04%
MLM	B	0.07%	0.07%	0.07%
MMC	B	0.2%	0.21%	0.2%
MMM	D	0.6%	0.14%	0.14%
MNST	C	0.07%	0.08%	0.07%
MO	A	0.73%	0.19%	0.19%
MPC	D	0.34%	0.1%	0.1%
MPWR	F	0.06%	0.06%	0.06%
MRK	F	0.84%	0.49%	0.49%
MRO	B	0.03%	0.03%	0.03%
MS	A	0.22%	0.32%	0.22%
MSCI	C	0.07%	0.09%	0.07%
MSI	B	0.2%	0.16%	0.16%
MTB	A	0.04%	0.07%	0.04%
MTD	D	0.08%	0.05%	0.05%
MU	D	0.16%	0.22%	0.16%
NDAQ	A	0.05%	0.06%	0.05%
NDSN	B	0.04%	0.03%	0.03%
NEE	D	0.22%	0.3%	0.22%
NEM	D	0.16%	0.09%	0.09%
NFLX	A	0.52%	0.69%	0.52%
NKE	D	0.06%	0.18%	0.06%
NOC	D	0.35%	0.15%	0.15%
NOW	A	0.36%	0.42%	0.36%
NSC	B	0.07%	0.12%	0.07%
NTAP	C	0.1%	0.05%	0.05%
NTRS	A	0.03%	0.04%	0.03%
NUE	C	0.08%	0.07%	0.07%
NVDA	C	1.9%	6.8%	1.9%
NVR	D	0.09%	0.05%	0.05%
O	D	0.05%	0.1%	0.05%
ODFL	B	0.02%	0.08%	0.02%
OKE	A	0.1%	0.12%	0.1%
OMC	C	0.06%	0.04%	0.04%
ORCL	B	1.52%	0.6%	0.6%
ORLY	B	0.2%	0.14%	0.14%
OTIS	C	0.07%	0.08%	0.07%
PANW	C	0.25%	0.25%	0.25%
PAYX	C	0.04%	0.09%	0.04%
PEG	A	0.06%	0.08%	0.06%
PEP	F	0.74%	0.45%	0.45%
PFE	D	0.57%	0.29%	0.29%
PFG	D	0.01%	0.04%	0.01%
PG	A	1.01%	0.77%	0.77%
PGR	A	0.59%	0.3%	0.3%
PH	A	0.14%	0.17%	0.14%
PHM	D	0.1%	0.05%	0.05%
PLTR	B	0.23%	0.23%	0.23%
PM	B	0.87%	0.39%	0.39%
PNC	B	0.12%	0.16%	0.12%
PPG	F	0.04%	0.06%	0.04%
PPL	B	0.04%	0.05%	0.04%
PRU	A	0.23%	0.09%	0.09%
PSA	D	0.09%	0.1%	0.09%
PSTG	D	0.04%	0.03%	0.03%
PSX	C	0.23%	0.11%	0.11%
PTC	A	0.04%	0.04%	0.04%
PWR	A	0.12%	0.09%	0.09%
PYPL	B	0.12%	0.18%	0.12%
QCOM	F	0.77%	0.36%	0.36%
RCL	A	0.1%	0.1%	0.1%
REGN	F	0.36%	0.16%	0.16%
RF	A	0.02%	0.05%	0.02%
RKT	F	0.01%	0.0%	0.0%
RMD	C	0.16%	0.07%	0.07%
ROL	B	0.07%	0.03%	0.03%
ROP	B	0.06%	0.12%	0.06%
RPRX	D	0.03%	0.02%	0.02%
RS	B	0.04%	0.03%	0.03%
RSG	A	0.13%	0.08%	0.08%
RTX	C	0.22%	0.31%	0.22%
RVTY	F	0.01%	0.03%	0.01%
SBAC	D	0.03%	0.05%	0.03%
SBUX	A	0.09%	0.22%	0.09%
SCCO	F	0.0%	0.02%	0.0%
SCHW	B	0.05%	0.23%	0.05%
SHW	A	0.22%	0.18%	0.18%
SLB	C	0.01%	0.12%	0.01%
SMCI	F	0.05%	0.02%	0.02%
SO	D	0.13%	0.19%	0.13%
SPG	B	0.16%	0.11%	0.11%
SPGI	C	0.29%	0.31%	0.29%
SQ	B	0.06%	0.09%	0.06%
SRE	A	0.08%	0.11%	0.08%
SSNC	B	0.02%	0.03%	0.02%
STE	F	0.07%	0.04%	0.04%
STLD	B	0.04%	0.04%	0.04%
STZ	D	0.06%	0.07%	0.06%
SUI	D	0.05%	0.03%	0.03%
SYF	B	0.31%	0.05%	0.05%
SYY	B	0.12%	0.07%	0.07%
T	A	0.73%	0.31%	0.31%
TDG	D	0.15%	0.14%	0.14%
TER	D	0.03%	0.03%	0.03%
TFC	A	0.09%	0.12%	0.09%
TGT	F	0.74%	0.14%	0.14%
TJX	A	0.37%	0.27%	0.27%
TMO	F	0.28%	0.4%	0.28%
TMUS	B	0.43%	0.22%	0.22%
TRGP	B	0.11%	0.08%	0.08%
TROW	B	0.09%	0.05%	0.05%
TRV	B	0.2%	0.12%	0.12%
TSCO	D	0.11%	0.06%	0.06%
TSN	B	0.18%	0.03%	0.03%
TTWO	A	0.07%	0.06%	0.06%
TW	A	0.06%	0.03%	0.03%
TXN	C	0.29%	0.37%	0.29%
TYL	B	0.08%	0.05%	0.05%
UAL	A	0.02%	0.06%	0.02%
UBER	D	0.21%	0.28%	0.21%
ULTA	F	0.04%	0.03%	0.03%
UNH	C	0.79%	1.07%	0.79%
UNP	C	0.51%	0.28%	0.28%
UPS	C	0.24%	0.19%	0.19%
URI	B	0.09%	0.11%	0.09%
USB	A	0.11%	0.15%	0.11%
V	A	0.31%	1.01%	0.31%
VLO	C	0.16%	0.09%	0.09%
VLTO	D	0.04%	0.04%	0.04%
VRSK	A	0.16%	0.08%	0.08%
VRSN	F	0.04%	0.03%	0.03%
VRTX	F	0.22%	0.24%	0.22%
VST	B	0.23%	0.1%	0.1%
VTR	C	0.04%	0.05%	0.04%
VTRS	A	0.14%	0.03%	0.03%
VZ	C	1.0%	0.34%	0.34%
WAB	B	0.05%	0.07%	0.05%
WAT	B	0.05%	0.05%	0.05%
WDC	D	0.08%	0.04%	0.04%
WELL	A	0.12%	0.16%	0.12%
WFC	A	0.97%	0.49%	0.49%
WM	A	0.28%	0.18%	0.18%
WMB	A	0.1%	0.13%	0.1%
WMT	A	1.71%	0.73%	0.73%
WRB	A	0.02%	0.03%	0.02%
WSM	B	0.18%	0.03%	0.03%
WSO	A	0.17%	0.04%	0.04%
WST	C	0.05%	0.05%	0.05%
WTW	B	0.11%	0.06%	0.06%
XOM	B	0.43%	1.05%	0.43%
XYL	D	0.1%	0.06%	0.06%
YUM	B	0.13%	0.07%	0.07%
ZBRA	B	0.04%	0.04%	0.04%
ZTS	D	0.05%	0.16%	0.05%

MFUS Overweight 455 Positions Relative to ONOF

Symbol	Grade	Weight
THC	D	0.28%
SFM	A	0.25%
ANF	C	0.25%
UTHR	C	0.19%
DVA	B	0.16%
MUSA	A	0.16%
CASY	A	0.16%
CHRW	C	0.14%
DPZ	C	0.13%
EVR	B	0.13%
JNPR	F	0.13%
RPM	A	0.13%
WBA	F	0.12%
CW	B	0.11%
GEN	B	0.11%
CRS	A	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
AYI	B	0.1%
PKG	A	0.1%
JXN	C	0.1%
JKHY	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
IP	B	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
HRB	D	0.08%
LPX	B	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
GLPI	C	0.07%
SCI	B	0.07%
UFPI	B	0.07%
EXP	A	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
SKYW	B	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%
AEO	F	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	B	0.06%
BC	C	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%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
MTH	D	0.06%
FIX	A	0.06%
LUMN	C	0.06%
MAS	D	0.06%
WU	D	0.06%
PK	B	0.06%
TXRH	C	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%
TOL	B	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FLEX	A	0.05%
THG	A	0.05%
AR	B	0.05%
NSIT	F	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	D	0.05%
MMS	F	0.05%
BTU	B	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%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CRUS	D	0.04%
CXW	B	0.04%
SMG	D	0.04%
JWN	C	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
ARW	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
NBIX	C	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
AROC	B	0.04%
ABM	B	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	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%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	A	0.03%
LNC	B	0.03%
OMF	A	0.03%
BURL	A	0.03%
X	C	0.03%
UDR	B	0.03%
PLXS	B	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%
AVA	A	0.03%
DBRG	F	0.03%
LW	C	0.03%
HSIC	B	0.03%
COHR	B	0.03%
RL	B	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%
SM	B	0.03%
IVZ	B	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	A	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%
LAUR	A	0.02%
KIM	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%
AXTA	A	0.02%
ANDE	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%
HST	C	0.02%
DNOW	B	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%
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%
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%
OC	A	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%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	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%
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%
RYN	D	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%
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%
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%
SIGI	C	0.01%
LEA	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%
NNN	D	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%
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%
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%
ADC	B	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	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 138 Positions Relative to ONOF

Symbol	Grade	Weight
MSFT	F	-6.15%
GOOGL	C	-2.02%
GOOG	C	-1.82%
TSLA	B	-1.7%
CRM	B	-0.6%
AMD	F	-0.44%
LIN	D	-0.43%
DIS	B	-0.39%
ABT	B	-0.39%
INTU	C	-0.38%
HON	B	-0.3%
ETN	A	-0.28%
SYK	C	-0.24%
MDT	D	-0.22%
PLD	D	-0.21%
ADI	D	-0.21%
DE	A	-0.19%
MELI	D	-0.18%
GEV	B	-0.18%
TT	A	-0.18%
BA	F	-0.16%
CDNS	B	-0.16%
SNPS	B	-0.16%
EQIX	A	-0.16%
EOG	A	-0.15%
MRVL	B	-0.15%
CRWD	B	-0.15%
APD	A	-0.14%
FDX	B	-0.13%
APO	B	-0.13%
SPOT	B	-0.13%
WDAY	B	-0.12%
PCAR	B	-0.12%
MSTR	C	-0.12%
FCX	D	-0.12%
TTD	B	-0.11%
ABNB	C	-0.11%
VRT	B	-0.09%
AME	A	-0.09%
PCG	A	-0.09%
KVUE	A	-0.09%
ROST	C	-0.09%
FLUT	A	-0.09%
LNG	B	-0.09%
TEAM	A	-0.08%
DDOG	A	-0.08%
EW	C	-0.08%
CTSH	B	-0.08%
HES	B	-0.08%
SNOW	C	-0.08%
DAL	C	-0.08%
AXON	A	-0.08%
HUBS	A	-0.07%
VEEV	C	-0.07%
HUM	C	-0.07%
MCHP	D	-0.07%
OXY	D	-0.07%
ACGL	D	-0.07%
IQV	D	-0.07%
LULU	C	-0.07%
VMC	B	-0.07%
XEL	A	-0.07%
STT	A	-0.06%
ON	D	-0.06%
DXCM	D	-0.06%
GPN	B	-0.06%
RJF	A	-0.06%
WEC	A	-0.06%
CSGP	D	-0.06%
TPL	A	-0.06%
GRMN	B	-0.06%
VICI	C	-0.06%
ROK	B	-0.06%
AEE	A	-0.05%
EQT	B	-0.05%
MKL	A	-0.05%
DVN	F	-0.05%
AWK	D	-0.05%
SW	A	-0.05%
RBLX	C	-0.05%
FTV	C	-0.05%
KEYS	A	-0.05%
HAL	C	-0.05%
CVNA	B	-0.05%
NET	B	-0.05%
LYV	A	-0.04%
STX	D	-0.04%
CNP	B	-0.04%
CTRA	B	-0.04%
DKNG	B	-0.04%
TRU	D	-0.04%
LUV	C	-0.04%
ZS	C	-0.04%
LH	C	-0.04%
MDB	C	-0.04%
CBOE	B	-0.04%
ZM	B	-0.04%
WBD	C	-0.04%
TDY	B	-0.04%
FSLR	F	-0.04%
WY	D	-0.04%
ILMN	D	-0.04%
ZBH	C	-0.04%
EXPE	B	-0.04%
SWK	D	-0.03%
MRNA	F	-0.03%
SWKS	F	-0.03%
EL	F	-0.03%
AMCR	D	-0.03%
APTV	D	-0.03%
DOC	D	-0.03%
ENTG	D	-0.03%
CF	B	-0.03%
ARE	D	-0.03%
GPC	D	-0.03%
TRMB	B	-0.03%
PINS	D	-0.03%
J	F	-0.03%
MOH	F	-0.03%
LVS	C	-0.03%
TKO	B	-0.02%
ENPH	F	-0.02%
MGM	D	-0.02%
IOT	A	-0.02%
SNAP	C	-0.02%
OWL	A	-0.02%
EG	C	-0.02%
OKTA	C	-0.02%
BG	F	-0.02%
GFS	C	-0.01%
WLK	D	-0.01%
WMG	C	-0.01%
EDR	A	-0.01%
FOX	A	-0.01%
TPG	A	-0.01%
BSY	D	-0.01%
SIRI	C	-0.0%
AGR	B	-0.0%