MFUS vs. PBUS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Invesco PureBeta MSCI USA ETF (PBUS)

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

$50.11

Average Daily Volume

7,858

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

PBUS

Invesco PureBeta MSCI USA ETF

PBUS Description

The investment seeks to track the investment results (before fees and expenses) of the MSCI USA Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the U.S. equity market.

Grade (RS Rating)

Last Trade

$56.93

Average Daily Volume

147,851

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	PBUS
30 Days	1.13%	1.25%
60 Days	7.14%	5.22%
90 Days	6.07%	3.53%
12 Months	35.58%	37.02%

418 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in PBUS	Overlap
A	B	0.05%	0.09%	0.05%
AAPL	C	0.97%	6.6%	0.97%
ABBV	A	1.56%	0.67%	0.67%
ACI	F	0.01%	0.01%	0.01%
ACM	A	0.03%	0.03%	0.03%
ACN	B	0.23%	0.44%	0.23%
ADBE	F	0.04%	0.45%	0.04%
ADM	D	0.25%	0.06%	0.06%
ADP	A	0.1%	0.22%	0.1%
ADSK	B	0.08%	0.12%	0.08%
AEP	C	0.09%	0.11%	0.09%
AES	B	0.02%	0.03%	0.02%
AFL	A	0.22%	0.12%	0.12%
AIG	F	0.34%	0.1%	0.1%
AIZ	A	0.08%	0.02%	0.02%
AJG	D	0.14%	0.12%	0.12%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.04%	0.02%
ALL	B	0.26%	0.1%	0.1%
ALLY	F	0.05%	0.02%	0.02%
ALNY	C	0.07%	0.07%	0.07%
AMAT	B	0.59%	0.35%	0.35%
AMGN	D	1.01%	0.34%	0.34%
AMH	D	0.04%	0.02%	0.02%
AMP	A	0.12%	0.09%	0.09%
AMT	C	0.16%	0.22%	0.16%
AMZN	C	1.6%	3.56%	1.6%
ANET	A	0.14%	0.2%	0.14%
ANSS	D	0.05%	0.06%	0.05%
AON	A	0.23%	0.14%	0.14%
AOS	B	0.1%	0.02%	0.02%
APH	D	0.11%	0.16%	0.11%
APP	A	0.05%	0.05%	0.05%
ARES	A	0.08%	0.06%	0.06%
ATO	A	0.02%	0.04%	0.02%
AVB	C	0.03%	0.06%	0.03%
AVGO	C	1.68%	1.57%	1.57%
AVTR	C	0.04%	0.03%	0.03%
AVY	C	0.1%	0.04%	0.04%
AXP	A	0.21%	0.31%	0.21%
AZO	D	0.29%	0.11%	0.11%
BAC	D	0.39%	0.55%	0.39%
BAH	A	0.15%	0.04%	0.04%
BALL	C	0.08%	0.04%	0.04%
BAX	D	0.05%	0.04%	0.04%
BBWI	F	0.01%	0.01%	0.01%
BBY	B	0.23%	0.04%	0.04%
BDX	B	0.12%	0.14%	0.12%
BEN	F	0.02%	0.01%	0.01%
BIIB	F	0.08%	0.06%	0.06%
BK	C	0.17%	0.11%	0.11%
BKNG	C	0.36%	0.29%	0.29%
BKR	B	0.07%	0.07%	0.07%
BLDR	B	0.04%	0.05%	0.04%
BLK	A	0.17%	0.28%	0.17%
BMRN	F	0.01%	0.03%	0.01%
BMY	B	0.36%	0.2%	0.2%
BR	B	0.16%	0.05%	0.05%
BRK.A	C	2.37%	1.2%	1.2%
BRO	A	0.11%	0.05%	0.05%
BSX	A	0.2%	0.24%	0.2%
BURL	D	0.03%	0.04%	0.03%
BX	C	0.11%	0.22%	0.11%
BXP	C	0.02%	0.02%	0.02%
C	B	0.63%	0.23%	0.23%
CAG	D	0.05%	0.03%	0.03%
CAH	B	0.24%	0.05%	0.05%
CARR	A	0.05%	0.13%	0.05%
CAT	A	0.2%	0.38%	0.2%
CB	A	0.17%	0.22%	0.17%
CBRE	A	0.05%	0.08%	0.05%
CCI	C	0.08%	0.1%	0.08%
CCK	C	0.06%	0.02%	0.02%
CCL	C	0.02%	0.04%	0.02%
CDW	D	0.04%	0.06%	0.04%
CE	D	0.04%	0.03%	0.03%
CEG	B	0.13%	0.16%	0.13%
CFG	D	0.03%	0.04%	0.03%
CG	C	0.02%	0.02%	0.02%
CHD	C	0.07%	0.05%	0.05%
CHRW	A	0.14%	0.02%	0.02%
CHTR	D	0.25%	0.06%	0.06%
CI	D	0.15%	0.2%	0.15%
CINF	A	0.02%	0.04%	0.02%
CL	D	0.41%	0.16%	0.16%
CLX	B	0.12%	0.04%	0.04%
CMCSA	B	0.16%	0.32%	0.16%
CME	A	0.14%	0.16%	0.14%
CMG	C	0.2%	0.16%	0.16%
CMI	B	0.13%	0.09%	0.09%
CMS	A	0.03%	0.04%	0.03%
CNC	F	0.06%	0.08%	0.06%
COF	C	0.24%	0.11%	0.11%
COIN	F	0.06%	0.07%	0.06%
COP	D	0.07%	0.24%	0.07%
COST	C	1.36%	0.8%	0.8%
CPAY	A	0.03%	0.04%	0.03%
CPB	D	0.05%	0.02%	0.02%
CPRT	B	0.08%	0.09%	0.08%
CPT	C	0.06%	0.03%	0.03%
CRBG	C	0.04%	0.02%	0.02%
CSCO	A	0.61%	0.42%	0.42%
CSL	A	0.02%	0.04%	0.02%
CSX	D	0.11%	0.13%	0.11%
CTAS	B	0.19%	0.15%	0.15%
CTLT	A	0.02%	0.02%	0.02%
CTVA	A	0.04%	0.08%	0.04%
CVS	D	0.71%	0.15%	0.15%
CVX	B	0.36%	0.49%	0.36%
D	A	0.07%	0.09%	0.07%
DASH	B	0.09%	0.09%	0.09%
DD	B	0.11%	0.07%	0.07%
DECK	B	0.15%	0.05%	0.05%
DELL	C	0.03%	0.07%	0.03%
DFS	C	0.08%	0.07%	0.07%
DG	F	0.1%	0.04%	0.04%
DGX	B	0.09%	0.03%	0.03%
DHI	C	0.07%	0.11%	0.07%
DHR	C	0.28%	0.37%	0.28%
DINO	F	0.01%	0.01%	0.01%
DKS	D	0.09%	0.03%	0.03%
DLR	C	0.08%	0.1%	0.08%
DLTR	F	0.03%	0.03%	0.03%
DOV	C	0.02%	0.05%	0.02%
DOW	B	0.02%	0.08%	0.02%
DPZ	D	0.13%	0.03%	0.03%
DRI	C	0.03%	0.04%	0.03%
DTE	A	0.02%	0.05%	0.02%
DUK	A	0.14%	0.18%	0.14%
DVA	C	0.17%	0.02%	0.02%
EA	D	0.16%	0.07%	0.07%
EBAY	A	0.38%	0.06%	0.06%
ECL	B	0.08%	0.13%	0.08%
ED	A	0.06%	0.07%	0.06%
EFX	C	0.13%	0.07%	0.07%
EIX	A	0.05%	0.07%	0.05%
ELS	D	0.04%	0.02%	0.02%
ELV	F	0.2%	0.24%	0.2%
EME	C	0.04%	0.04%	0.04%
EMN	C	0.04%	0.03%	0.03%
EMR	B	0.07%	0.12%	0.07%
EQH	C	0.08%	0.03%	0.03%
EQR	C	0.04%	0.05%	0.04%
ERIE	A	0.06%	0.03%	0.03%
ES	C	0.04%	0.05%	0.04%
ESS	C	0.02%	0.04%	0.02%
ETR	A	0.04%	0.05%	0.04%
EVRG	C	0.02%	0.03%	0.02%
EXC	A	0.07%	0.08%	0.07%
EXPD	C	0.09%	0.04%	0.04%
EXR	C	0.13%	0.07%	0.07%
F	D	0.15%	0.08%	0.08%
FANG	D	0.05%	0.06%	0.05%
FAST	B	0.11%	0.08%	0.08%
FCNCA	D	0.05%	0.04%	0.04%
FDS	C	0.04%	0.03%	0.03%
FE	B	0.03%	0.05%	0.03%
FFIV	B	0.06%	0.03%	0.03%
FICO	A	0.21%	0.09%	0.09%
FIS	C	0.07%	0.09%	0.07%
FITB	C	0.04%	0.06%	0.04%
FNF	A	0.03%	0.03%	0.03%
FOXA	A	0.1%	0.02%	0.02%
FTNT	A	0.06%	0.1%	0.06%
GD	A	0.24%	0.14%	0.14%
GDDY	D	0.1%	0.04%	0.04%
GE	C	0.61%	0.4%	0.4%
GEHC	C	0.08%	0.08%	0.08%
GGG	B	0.03%	0.03%	0.03%
GILD	A	0.79%	0.21%	0.21%
GIS	C	0.2%	0.08%	0.08%
GLPI	A	0.07%	0.03%	0.03%
GLW	B	0.19%	0.07%	0.07%
GM	D	0.32%	0.1%	0.1%
GS	C	0.35%	0.32%	0.32%
GWW	A	0.19%	0.09%	0.09%
H	C	0.01%	0.01%	0.01%
HBAN	D	0.03%	0.04%	0.03%
HCA	B	0.3%	0.16%	0.16%
HD	A	0.6%	0.78%	0.6%
HEI	A	0.04%	0.03%	0.03%
HEI	A	0.04%	0.02%	0.02%
HIG	A	0.06%	0.07%	0.06%
HII	F	0.03%	0.02%	0.02%
HLT	A	0.09%	0.12%	0.09%
HOLX	D	0.03%	0.04%	0.03%
HOOD	C	0.03%	0.02%	0.02%
HPE	B	0.1%	0.05%	0.05%
HPQ	C	0.29%	0.07%	0.07%
HRL	F	0.02%	0.02%	0.02%
HSIC	D	0.03%	0.02%	0.02%
HST	D	0.02%	0.03%	0.02%
HSY	D	0.06%	0.06%	0.06%
HUBB	A	0.03%	0.05%	0.03%
HWM	A	0.15%	0.08%	0.08%
IBM	B	1.14%	0.41%	0.41%
ICE	A	0.3%	0.18%	0.18%
IDXX	D	0.06%	0.08%	0.06%
IEX	D	0.08%	0.03%	0.03%
IFF	C	0.04%	0.05%	0.04%
INCY	B	0.01%	0.02%	0.01%
INTC	D	0.19%	0.2%	0.19%
INVH	D	0.04%	0.04%	0.04%
IP	C	0.08%	0.03%	0.03%
IPG	C	0.04%	0.02%	0.02%
IR	A	0.08%	0.08%	0.08%
IRM	A	0.12%	0.07%	0.07%
ISRG	A	0.23%	0.34%	0.23%
IT	C	0.14%	0.08%	0.08%
ITW	A	0.1%	0.16%	0.1%
JBHT	D	0.02%	0.03%	0.02%
JBL	D	0.03%	0.03%	0.03%
JCI	B	0.06%	0.1%	0.06%
JKHY	A	0.1%	0.03%	0.03%
JNJ	D	1.28%	0.77%	0.77%
JNPR	B	0.13%	0.03%	0.03%
JPM	D	0.88%	1.2%	0.88%
K	B	0.15%	0.04%	0.04%
KDP	C	0.08%	0.08%	0.08%
KEY	C	0.02%	0.03%	0.02%
KHC	D	0.16%	0.06%	0.06%
KIM	C	0.02%	0.03%	0.02%
KKR	A	0.14%	0.16%	0.14%
KLAC	B	0.28%	0.22%	0.22%
KMB	B	0.18%	0.1%	0.1%
KMI	A	0.09%	0.09%	0.09%
KNX	D	0.01%	0.02%	0.01%
KO	C	1.16%	0.58%	0.58%
KR	C	0.37%	0.08%	0.08%
L	D	0.06%	0.03%	0.03%
LDOS	A	0.11%	0.04%	0.04%
LEN	B	0.07%	0.09%	0.07%
LHX	A	0.23%	0.09%	0.09%
LII	C	0.22%	0.04%	0.04%
LLY	D	2.87%	1.46%	1.46%
LMT	A	0.82%	0.25%	0.25%
LNT	A	0.02%	0.03%	0.02%
LOW	A	0.34%	0.3%	0.3%
LPLA	D	0.05%	0.03%	0.03%
LRCX	D	0.19%	0.22%	0.19%
LW	D	0.03%	0.02%	0.02%
LYB	D	0.18%	0.05%	0.05%
MA	A	0.27%	0.81%	0.27%
MAA	C	0.02%	0.04%	0.02%
MANH	C	0.04%	0.03%	0.03%
MAR	B	0.04%	0.12%	0.04%
MAS	A	0.06%	0.04%	0.04%
MCD	A	0.55%	0.44%	0.44%
MCK	F	0.5%	0.12%	0.12%
MCO	D	0.12%	0.16%	0.12%
MDLZ	C	0.26%	0.2%	0.2%
MET	A	0.32%	0.1%	0.1%
META	A	2.37%	2.48%	2.37%
MKC	C	0.06%	0.04%	0.04%
MKTX	C	0.02%	0.02%	0.02%
MLM	D	0.07%	0.07%	0.07%
MMC	D	0.19%	0.22%	0.19%
MMM	C	0.63%	0.15%	0.15%
MNST	D	0.07%	0.08%	0.07%
MO	D	0.66%	0.17%	0.17%
MOS	D	0.01%	0.02%	0.01%
MPC	F	0.36%	0.11%	0.11%
MPWR	B	0.1%	0.09%	0.09%
MRK	F	1.0%	0.57%	0.57%
MRO	D	0.03%	0.03%	0.03%
MS	B	0.18%	0.25%	0.18%
MSCI	B	0.06%	0.09%	0.06%
MSI	A	0.18%	0.15%	0.15%
MTB	C	0.03%	0.06%	0.03%
MTD	B	0.1%	0.06%	0.06%
MU	D	0.15%	0.24%	0.15%
NBIX	F	0.04%	0.02%	0.02%
NDAQ	C	0.05%	0.06%	0.05%
NDSN	B	0.05%	0.03%	0.03%
NEE	A	0.25%	0.34%	0.25%
NEM	C	0.22%	0.13%	0.13%
NFLX	A	0.46%	0.61%	0.46%
NI	A	0.02%	0.03%	0.02%
NKE	D	0.07%	0.22%	0.07%
NOC	B	0.38%	0.15%	0.15%
NOW	C	0.31%	0.36%	0.31%
NRG	A	0.07%	0.04%	0.04%
NSC	C	0.07%	0.11%	0.07%
NTAP	D	0.1%	0.05%	0.05%
NTRS	C	0.03%	0.04%	0.03%
NUE	D	0.08%	0.07%	0.07%
NVDA	C	1.64%	6.07%	1.64%
NVR	A	0.1%	0.06%	0.06%
NWSA	D	0.04%	0.02%	0.02%
O	A	0.06%	0.11%	0.06%
OC	C	0.02%	0.03%	0.02%
ODFL	D	0.02%	0.08%	0.02%
OKE	B	0.09%	0.1%	0.09%
OMC	C	0.06%	0.04%	0.04%
ORCL	B	1.38%	0.55%	0.55%
ORLY	A	0.19%	0.14%	0.14%
OTIS	A	0.08%	0.08%	0.08%
PANW	D	0.22%	0.22%	0.22%
PARA	F	0.01%	0.01%	0.01%
PAYX	A	0.04%	0.09%	0.04%
PEG	A	0.06%	0.09%	0.06%
PEP	D	0.77%	0.46%	0.46%
PFE	D	0.64%	0.33%	0.33%
PFG	C	0.01%	0.04%	0.01%
PG	C	1.04%	0.81%	0.81%
PGR	C	0.6%	0.29%	0.29%
PH	A	0.13%	0.16%	0.13%
PHM	A	0.11%	0.06%	0.06%
PKG	C	0.07%	0.04%	0.04%
PLTR	B	0.14%	0.15%	0.14%
PM	C	0.83%	0.37%	0.37%
PNC	C	0.11%	0.15%	0.11%
PNR	C	0.02%	0.03%	0.02%
POOL	B	0.07%	0.03%	0.03%
PPG	D	0.05%	0.06%	0.05%
PPL	A	0.04%	0.05%	0.04%
PRU	C	0.23%	0.09%	0.09%
PSA	C	0.1%	0.11%	0.1%
PSTG	F	0.04%	0.03%	0.03%
PSX	D	0.23%	0.11%	0.11%
PTC	D	0.04%	0.04%	0.04%
PWR	B	0.11%	0.09%	0.09%
PYPL	C	0.11%	0.16%	0.11%
QCOM	D	0.8%	0.38%	0.38%
QRVO	F	0.01%	0.02%	0.01%
RCL	C	0.08%	0.09%	0.08%
REGN	D	0.49%	0.22%	0.22%
RF	C	0.01%	0.04%	0.01%
RMD	C	0.17%	0.07%	0.07%
ROL	B	0.07%	0.03%	0.03%
ROP	C	0.06%	0.12%	0.06%
RPM	A	0.12%	0.03%	0.03%
RPRX	B	0.03%	0.02%	0.02%
RS	D	0.04%	0.03%	0.03%
RSG	D	0.13%	0.09%	0.09%
RTX	A	0.23%	0.32%	0.23%
SBAC	B	0.03%	0.05%	0.03%
SBUX	B	0.09%	0.22%	0.09%
SCHW	D	0.04%	0.19%	0.04%
SEIC	B	0.07%	0.02%	0.02%
SHW	B	0.22%	0.18%	0.18%
SJM	C	0.04%	0.03%	0.03%
SLB	D	0.01%	0.12%	0.01%
SMCI	F	0.14%	0.04%	0.04%
SO	A	0.13%	0.19%	0.13%
SPG	A	0.16%	0.11%	0.11%
SPGI	C	0.27%	0.33%	0.27%
SQ	D	0.05%	0.07%	0.05%
SRE	A	0.08%	0.1%	0.08%
SSNC	C	0.02%	0.03%	0.02%
STE	D	0.08%	0.05%	0.05%
STLD	B	0.04%	0.04%	0.04%
STZ	B	0.06%	0.08%	0.06%
SUI	D	0.05%	0.03%	0.03%
SYF	B	0.24%	0.04%	0.04%
SYY	B	0.13%	0.08%	0.08%
T	A	0.74%	0.31%	0.31%
TAP	D	0.08%	0.02%	0.02%
TDG	A	0.17%	0.16%	0.16%
TER	C	0.04%	0.04%	0.04%
TFC	D	0.08%	0.11%	0.08%
TFX	C	0.03%	0.02%	0.02%
TGT	C	0.77%	0.14%	0.14%
TJX	C	0.38%	0.27%	0.27%
TMO	C	0.33%	0.47%	0.33%
TMUS	A	0.38%	0.21%	0.21%
TRGP	B	0.09%	0.06%	0.06%
TROW	D	0.08%	0.05%	0.05%
TRV	C	0.2%	0.11%	0.11%
TSCO	A	0.12%	0.06%	0.06%
TSN	D	0.16%	0.03%	0.03%
TTC	D	0.07%	0.02%	0.02%
TTWO	F	0.06%	0.05%	0.05%
TW	A	0.05%	0.03%	0.03%
TXN	C	0.3%	0.38%	0.3%
TYL	C	0.08%	0.05%	0.05%
UBER	C	0.23%	0.29%	0.23%
UDR	C	0.03%	0.03%	0.03%
UHAL	A	0.04%	0.01%	0.01%
UHAL	A	0.01%	0.01%	0.01%
UHS	D	0.07%	0.03%	0.03%
ULTA	D	0.04%	0.04%	0.04%
UNH	B	0.79%	1.05%	0.79%
UNP	D	0.54%	0.3%	0.3%
UPS	D	0.25%	0.19%	0.19%
URI	C	0.09%	0.11%	0.09%
USB	C	0.1%	0.14%	0.1%
UTHR	C	0.18%	0.03%	0.03%
V	C	0.28%	0.85%	0.28%
VLO	F	0.16%	0.09%	0.09%
VLTO	A	0.05%	0.05%	0.05%
VRSK	D	0.17%	0.08%	0.08%
VRSN	B	0.04%	0.03%	0.03%
VRTX	D	0.22%	0.24%	0.22%
VST	A	0.21%	0.08%	0.08%
VTR	C	0.04%	0.05%	0.04%
VTRS	D	0.13%	0.03%	0.03%
VZ	A	1.11%	0.37%	0.37%
WAB	A	0.05%	0.06%	0.05%
WAT	B	0.05%	0.04%	0.04%
WBA	F	0.11%	0.01%	0.01%
WDC	C	0.08%	0.05%	0.05%
WELL	C	0.11%	0.15%	0.11%
WFC	D	0.73%	0.39%	0.39%
WM	B	0.26%	0.16%	0.16%
WMB	A	0.08%	0.11%	0.08%
WMT	A	1.68%	0.7%	0.7%
WPC	C	0.03%	0.03%	0.03%
WRB	B	0.02%	0.03%	0.02%
WSM	B	0.21%	0.04%	0.04%
WSO	C	0.2%	0.03%	0.03%
WST	D	0.04%	0.04%	0.04%
WTW	B	0.1%	0.06%	0.06%
XOM	A	0.42%	1.01%	0.42%
XYL	C	0.12%	0.06%	0.06%
YUM	A	0.12%	0.08%	0.08%
ZBRA	A	0.02%	0.04%	0.02%
ZTS	C	0.06%	0.18%	0.06%

MFUS Overweight 392 Positions Relative to PBUS

Symbol	Grade	Weight
THC	C	0.29%
ANF	F	0.24%
SFM	A	0.2%
CASY	D	0.15%
MUSA	D	0.15%
EVR	C	0.11%
CW	A	0.1%
CRS	C	0.1%
AEO	B	0.09%
GPI	C	0.09%
ALSN	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
TMHC	C	0.09%
JXN	A	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	A	0.08%
ATR	A	0.08%
SLG	C	0.08%
HRB	C	0.08%
AYI	A	0.08%
ITT	B	0.08%
GPK	C	0.08%
NSIT	B	0.07%
R	C	0.07%
UFPI	C	0.07%
AN	C	0.07%
MTH	C	0.07%
HCC	B	0.07%
VNO	A	0.07%
BCC	C	0.07%
MLI	C	0.07%
WU	D	0.07%
WCC	C	0.07%
THO	B	0.07%
CALM	B	0.07%
HLI	C	0.07%
ABG	D	0.07%
TXRH	A	0.06%
SEE	C	0.06%
BC	D	0.06%
CNX	A	0.06%
JLL	B	0.06%
AMG	B	0.06%
TPH	C	0.06%
BERY	C	0.06%
RGA	C	0.06%
PK	D	0.06%
CRI	D	0.06%
MMS	B	0.06%
FCN	C	0.06%
CHE	C	0.06%
SCI	C	0.06%
MSM	D	0.06%
INGR	A	0.06%
EXP	C	0.06%
TOL	A	0.06%
ARW	C	0.05%
MHO	C	0.05%
NFG	A	0.05%
CUBE	C	0.05%
URBN	F	0.05%
IBKR	A	0.05%
HBI	B	0.05%
GNRC	B	0.05%
SLGN	C	0.05%
USFD	C	0.05%
COOP	B	0.05%
G	A	0.05%
ATI	B	0.05%
SEB	D	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
LUMN	C	0.05%
TEX	F	0.05%
WEN	D	0.05%
MTN	D	0.05%
ATGE	C	0.05%
CBT	B	0.05%
NXST	D	0.05%
BTU	B	0.05%
KTB	B	0.05%
OGN	F	0.05%
LECO	D	0.05%
GAP	F	0.05%
SKYW	B	0.05%
LAMR	C	0.05%
POST	C	0.05%
FIX	A	0.05%
CMC	D	0.05%
SLM	C	0.05%
LANC	F	0.04%
KBH	C	0.04%
TDS	B	0.04%
NYT	A	0.04%
DBRG	D	0.04%
UNM	A	0.04%
BHF	F	0.04%
AVT	C	0.04%
BLD	C	0.04%
CVLT	C	0.04%
TRN	C	0.04%
BDC	B	0.04%
WTM	D	0.04%
JHG	C	0.04%
EXEL	B	0.04%
JWN	D	0.04%
ASO	D	0.04%
CLH	C	0.04%
CMA	C	0.04%
COLD	D	0.04%
SLVM	C	0.04%
SON	D	0.04%
HUBG	D	0.04%
MAC	C	0.04%
CPNG	C	0.04%
GATX	F	0.04%
FLEX	C	0.04%
TKR	D	0.04%
FLO	D	0.04%
AROC	B	0.04%
TGNA	B	0.04%
FTI	B	0.04%
SMG	A	0.04%
ABM	D	0.04%
CNO	C	0.04%
AGNC	C	0.04%
KD	F	0.04%
LOPE	D	0.04%
OLN	D	0.04%
RGLD	C	0.04%
FL	F	0.04%
SRCL	B	0.04%
THG	C	0.04%
DCI	B	0.04%
AR	B	0.04%
GVA	A	0.04%
CRUS	D	0.04%
SIG	C	0.04%
MOG.A	A	0.04%
BKE	D	0.03%
APAM	C	0.03%
NEU	F	0.03%
MTG	B	0.03%
FHI	C	0.03%
PLXS	B	0.03%
KSS	D	0.03%
THS	C	0.03%
DRH	C	0.03%
LNC	D	0.03%
STC	C	0.03%
MSA	F	0.03%
LZB	C	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
WHR	B	0.03%
ADNT	D	0.03%
COKE	B	0.03%
HOG	D	0.03%
XRAY	D	0.03%
XPO	F	0.03%
DK	F	0.03%
BKU	D	0.03%
VC	F	0.03%
DDS	D	0.03%
MASI	B	0.03%
RLI	A	0.03%
OI	D	0.03%
GMS	C	0.03%
RL	B	0.03%
COHR	B	0.03%
APLE	D	0.03%
MATX	C	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	C	0.03%
BFAM	C	0.03%
MC	C	0.03%
WH	C	0.03%
SM	F	0.03%
AWI	A	0.03%
MAN	D	0.03%
OSK	F	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	C	0.03%
MDU	C	0.03%
IVZ	A	0.03%
BJ	D	0.03%
AMKR	F	0.03%
DOX	B	0.03%
TPX	B	0.03%
SHOO	A	0.03%
RUSHA	D	0.03%
GEO	F	0.03%
PRIM	C	0.03%
SEM	D	0.03%
SANM	D	0.03%
KEX	C	0.02%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	C	0.02%
DAN	D	0.02%
CWEN	C	0.02%
AXTA	C	0.02%
LAD	C	0.02%
FR	C	0.02%
DNOW	F	0.02%
WAL	C	0.02%
TTEK	B	0.02%
APG	F	0.02%
CROX	C	0.02%
NWL	D	0.02%
VSCO	C	0.02%
HP	F	0.02%
VFC	B	0.02%
SATS	C	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
EWBC	D	0.02%
HNI	B	0.02%
SNDR	C	0.02%
APOG	B	0.02%
LEG	D	0.02%
VSH	F	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	B	0.02%
SAM	D	0.02%
M	F	0.02%
NAVI	D	0.02%
LNW	F	0.02%
GWRE	A	0.02%
VVV	D	0.02%
MCY	B	0.02%
YELP	D	0.02%
PMT	C	0.02%
CC	D	0.02%
EPC	F	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
VSTO	D	0.02%
NTCT	B	0.02%
RLJ	D	0.02%
GHC	B	0.02%
SXT	C	0.02%
DLB	D	0.02%
OHI	C	0.02%
KBR	D	0.02%
XHR	B	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	F	0.02%
AIR	D	0.02%
SKX	B	0.02%
HAE	D	0.02%
SBH	C	0.02%
GMED	D	0.02%
KMPR	D	0.02%
PSN	A	0.02%
GEF	D	0.02%
PFSI	C	0.02%
WMS	D	0.02%
PINC	F	0.02%
RRC	D	0.02%
FAF	B	0.02%
PAG	D	0.02%
ACA	C	0.02%
LBRDK	B	0.02%
JEF	A	0.02%
ORA	C	0.02%
OMF	F	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
HUN	B	0.01%
AAP	F	0.01%
NOV	F	0.01%
SCL	D	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	D	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	A	0.01%
ESI	B	0.01%
CFR	D	0.01%
UAL	B	0.01%
CNXN	C	0.01%
ALEX	D	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	C	0.01%
IMKTA	F	0.01%
CNS	C	0.01%
WOR	F	0.01%
SVC	F	0.01%
PNW	A	0.01%
IDCC	A	0.01%
SR	C	0.01%
PPC	B	0.01%
RKT	C	0.01%
UGI	C	0.01%
CLF	D	0.01%
TPR	B	0.01%
SPR	D	0.01%
SWX	C	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	D	0.01%
CENTA	F	0.01%
PECO	C	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	C	0.01%
FLR	D	0.01%
ESAB	B	0.01%
WMK	D	0.01%
SPB	B	0.01%
JELD	D	0.01%
CBSH	D	0.01%
WTFC	D	0.01%
CADE	D	0.01%
CNM	F	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
DTM	A	0.01%
DXC	D	0.01%
FELE	C	0.01%
STRA	F	0.01%
SAIC	A	0.01%
CSGS	C	0.01%
TTMI	D	0.01%
KN	C	0.01%
DY	C	0.01%
CPRI	B	0.01%
VNT	F	0.01%
CR	B	0.01%
LEA	F	0.01%
WBS	D	0.01%
CVI	F	0.01%
OMI	F	0.01%
SF	A	0.01%
LADR	D	0.01%
NNI	C	0.01%
WWD	B	0.01%
ZION	D	0.01%
AMWD	B	0.01%
GME	F	0.01%
GOLF	F	0.01%
MHK	B	0.01%
NNN	A	0.01%
RBC	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	F	0.01%
REZI	D	0.01%
ADC	B	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	B	0.01%
SCS	D	0.01%
ESNT	C	0.01%
BWA	B	0.01%
LAUR	C	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 163 Positions Relative to PBUS

Symbol	Grade	Weight
MSFT	D	-6.06%
GOOGL	B	-1.9%
GOOG	B	-1.65%
TSLA	C	-1.45%
AMD	D	-0.54%
CRM	B	-0.53%
LIN	B	-0.46%
ABT	B	-0.39%
DIS	D	-0.35%
INTU	F	-0.35%
ETN	C	-0.27%
HON	C	-0.27%
SYK	C	-0.25%
MDT	B	-0.23%
ADI	C	-0.23%
PLD	D	-0.23%
DE	A	-0.21%
MELI	C	-0.19%
BA	F	-0.18%
EQIX	B	-0.17%
TT	A	-0.17%
SNPS	F	-0.16%
FCX	B	-0.15%
CDNS	D	-0.15%
GEV	B	-0.14%
EOG	B	-0.14%
MRVL	C	-0.13%
CRWD	D	-0.13%
APD	C	-0.13%
FDX	D	-0.12%
NXPI	F	-0.12%
ABNB	D	-0.11%
TTD	C	-0.1%
APO	A	-0.1%
ROST	C	-0.1%
PCAR	D	-0.1%
WDAY	D	-0.1%
IQV	F	-0.09%
MCHP	F	-0.09%
FLUT	C	-0.09%
KVUE	C	-0.09%
TEL	D	-0.09%
WCN	D	-0.09%
HUM	F	-0.08%
CTSH	B	-0.08%
EW	F	-0.08%
AME	D	-0.08%
PCG	B	-0.08%
LNG	A	-0.08%
ACGL	A	-0.08%
OXY	F	-0.07%
VMC	D	-0.07%
SNOW	F	-0.07%
VICI	C	-0.07%
XEL	A	-0.07%
VRT	B	-0.07%
HES	D	-0.07%
KEYS	B	-0.06%
AWK	B	-0.06%
AXON	A	-0.06%
WEC	A	-0.06%
CSGP	F	-0.06%
LULU	D	-0.06%
ROK	D	-0.06%
ON	F	-0.06%
DDOG	D	-0.06%
VEEV	C	-0.06%
AEE	A	-0.05%
EL	D	-0.05%
DVN	F	-0.05%
WY	B	-0.05%
RJF	B	-0.05%
HAL	F	-0.05%
NET	D	-0.05%
GPN	F	-0.05%
HUBS	D	-0.05%
FSLR	C	-0.05%
SW	C	-0.05%
TEAM	D	-0.05%
MSTR	B	-0.05%
STT	C	-0.05%
GRMN	D	-0.05%
DXCM	F	-0.05%
FTV	B	-0.05%
LVS	B	-0.04%
DKNG	D	-0.04%
CNP	B	-0.04%
EXPE	B	-0.04%
ARE	D	-0.04%
WBD	D	-0.04%
PINS	D	-0.04%
J	D	-0.04%
GPC	D	-0.04%
APTV	D	-0.04%
EQT	B	-0.04%
MOH	D	-0.04%
MDB	F	-0.04%
TRU	A	-0.04%
MKL	C	-0.04%
TDY	A	-0.04%
MRNA	F	-0.04%
ILMN	B	-0.04%
RBLX	C	-0.04%
CBOE	A	-0.04%
STX	B	-0.04%
ZBH	F	-0.04%
DOCU	B	-0.03%
ALLE	A	-0.03%
BG	F	-0.03%
TRMB	B	-0.03%
DT	C	-0.03%
ZS	F	-0.03%
SNA	A	-0.03%
ENPH	D	-0.03%
CF	A	-0.03%
DOC	C	-0.03%
SWKS	F	-0.03%
PODD	C	-0.03%
AMCR	B	-0.03%
SWK	A	-0.03%
TXT	F	-0.03%
EG	B	-0.03%
TPL	B	-0.03%
CTRA	D	-0.03%
ZM	C	-0.03%
ENTG	D	-0.03%
LYV	A	-0.03%
CHRD	F	-0.02%
BSY	D	-0.02%
RIVN	F	-0.02%
DAL	C	-0.02%
PAYC	D	-0.02%
APA	F	-0.02%
CHK	C	-0.02%
MGM	D	-0.02%
WYNN	B	-0.02%
ROKU	C	-0.02%
DAY	B	-0.02%
MTCH	B	-0.02%
AFG	C	-0.02%
CNH	B	-0.02%
IOT	C	-0.02%
WTRG	D	-0.02%
SOLV	C	-0.02%
TOST	C	-0.02%
OVV	F	-0.02%
CRL	F	-0.02%
Z	C	-0.02%
TWLO	B	-0.02%
LKQ	F	-0.02%
SNAP	D	-0.02%
ALB	D	-0.02%
EPAM	F	-0.02%
OKTA	F	-0.02%
TECH	C	-0.02%
KMX	F	-0.02%
REG	C	-0.02%
EXAS	C	-0.02%
LUV	B	-0.01%
CELH	F	-0.01%
FOX	A	-0.01%
WLK	C	-0.01%
BIO	B	-0.01%