MFUS vs. PRF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

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

$49.61

Average Daily Volume

7,444

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$40.06

Average Daily Volume

293,269

Number of Holdings ^*

978

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	PRF
30 Days	2.33%	2.14%
60 Days	2.78%	2.04%
90 Days	4.19%	5.96%
12 Months	26.86%	23.41%

653 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in PRF	Overlap
A	C	0.05%	0.04%	0.04%
AA	D	0.02%	0.06%	0.02%
AAP	F	0.01%	0.02%	0.01%
AAPL	D	0.67%	2.35%	0.67%
ABBV	B	1.34%	0.69%	0.69%
ABG	F	0.07%	0.04%	0.04%
ABM	D	0.04%	0.02%	0.02%
ACI	D	0.01%	0.08%	0.01%
ACM	B	0.04%	0.04%	0.04%
ACN	C	0.19%	0.25%	0.19%
ADBE	D	0.04%	0.13%	0.04%
ADM	D	0.32%	0.26%	0.26%
ADNT	F	0.02%	0.02%	0.02%
ADP	A	0.09%	0.14%	0.09%
ADSK	B	0.09%	0.02%	0.02%
AEO	F	0.09%	0.01%	0.01%
AES	C	0.03%	0.07%	0.03%
AFG	B	0.01%	0.05%	0.01%
AFL	B	0.19%	0.22%	0.19%
AGCO	D	0.02%	0.03%	0.02%
AGNC	A	0.04%	0.03%	0.03%
AIG	D	0.42%	0.33%	0.33%
AIT	C	0.02%	0.01%	0.01%
AIZ	C	0.07%	0.04%	0.04%
AJG	A	0.09%	0.07%	0.07%
AKAM	D	0.03%	0.03%	0.03%
ALGN	D	0.02%	0.02%	0.02%
ALL	A	0.36%	0.21%	0.21%
ALLY	F	0.1%	0.1%	0.1%
ALSN	B	0.08%	0.02%	0.02%
AMAT	D	0.44%	0.13%	0.13%
AMG	C	0.05%	0.02%	0.02%
AMGN	B	1.03%	0.38%	0.38%
AMH	B	0.04%	0.03%	0.03%
AMKR	D	0.03%	0.01%	0.01%
AMP	B	0.08%	0.08%	0.08%
AMZN	C	1.27%	1.5%	1.27%
AN	D	0.08%	0.05%	0.05%
ANDE	D	0.02%	0.01%	0.01%
ANET	C	0.12%	0.03%	0.03%
ANSS	D	0.05%	0.02%	0.02%
AON	B	0.19%	0.07%	0.07%
AOS	D	0.11%	0.02%	0.02%
APAM	C	0.02%	0.01%	0.01%
APG	D	0.03%	0.01%	0.01%
APH	D	0.1%	0.07%	0.07%
APLE	D	0.04%	0.01%	0.01%
APO	C	0.1%	0.03%	0.03%
AR	D	0.04%	0.04%	0.04%
ARCB	D	0.01%	0.01%	0.01%
ARCH	D	0.01%	0.01%	0.01%
ARES	C	0.09%	0.01%	0.01%
ARW	C	0.07%	0.09%	0.07%
ASO	C	0.03%	0.01%	0.01%
ATI	D	0.05%	0.01%	0.01%
ATR	A	0.07%	0.02%	0.02%
AVA	B	0.03%	0.02%	0.02%
AVGO	C	1.34%	0.48%	0.48%
AVT	D	0.04%	0.04%	0.04%
AVTR	B	0.03%	0.04%	0.03%
AVY	B	0.1%	0.04%	0.04%
AXP	B	0.19%	0.27%	0.19%
AXTA	C	0.02%	0.02%	0.02%
AYI	B	0.07%	0.02%	0.02%
AZO	C	0.3%	0.07%	0.07%
BAC	D	0.39%	1.28%	0.39%
BAH	B	0.14%	0.03%	0.03%
BALL	C	0.07%	0.05%	0.05%
BAX	C	0.04%	0.06%	0.04%
BBWI	F	0.02%	0.02%	0.02%
BBY	B	0.24%	0.16%	0.16%
BC	D	0.06%	0.02%	0.02%
BCC	C	0.06%	0.02%	0.02%
BDX	D	0.09%	0.14%	0.09%
BECN	D	0.01%	0.02%	0.01%
BEN	D	0.04%	0.03%	0.03%
BERY	B	0.06%	0.05%	0.05%
BHF	F	0.03%	0.02%	0.02%
BIIB	F	0.08%	0.12%	0.08%
BJ	D	0.03%	0.05%	0.03%
BK	A	0.27%	0.25%	0.25%
BKNG	B	0.47%	0.08%	0.08%
BKR	D	0.16%	0.1%	0.1%
BKU	C	0.03%	0.02%	0.02%
BLD	D	0.03%	0.02%	0.02%
BLDR	C	0.04%	0.05%	0.04%
BMRN	F	0.02%	0.02%	0.02%
BMY	C	0.28%	0.37%	0.28%
BR	B	0.16%	0.03%	0.03%
BRK.A	C	2.01%	2.53%	2.01%
BRO	B	0.13%	0.03%	0.03%
BSX	B	0.19%	0.12%	0.12%
BTU	D	0.04%	0.02%	0.02%
BURL	B	0.03%	0.03%	0.03%
BWA	F	0.05%	0.05%	0.05%
BWXT	D	0.08%	0.01%	0.01%
BX	A	0.23%	0.11%	0.11%
BXP	A	0.02%	0.06%	0.02%
C	D	1.22%	1.08%	1.08%
CACI	B	0.09%	0.03%	0.03%
CADE	C	0.01%	0.02%	0.01%
CAG	B	0.05%	0.08%	0.05%
CAH	B	0.35%	0.29%	0.29%
CARR	A	0.12%	0.11%	0.11%
CASY	C	0.15%	0.04%	0.04%
CAT	C	0.41%	0.31%	0.31%
CB	B	0.16%	0.32%	0.16%
CBRL	F	0.01%	0.01%	0.01%
CBSH	B	0.01%	0.02%	0.01%
CBT	B	0.05%	0.02%	0.02%
CC	F	0.02%	0.02%	0.02%
CCK	A	0.07%	0.04%	0.04%
CCL	C	0.05%	0.05%	0.05%
CDW	D	0.05%	0.05%	0.05%
CE	D	0.07%	0.04%	0.04%
CEG	C	0.09%	0.11%	0.09%
CFG	C	0.06%	0.15%	0.06%
CG	D	0.02%	0.02%	0.02%
CHD	B	0.07%	0.04%	0.04%
CHRD	F	0.02%	0.02%	0.02%
CHRW	C	0.09%	0.07%	0.07%
CHTR	D	0.24%	0.22%	0.22%
CI	B	0.14%	0.44%	0.14%
CINF	B	0.02%	0.08%	0.02%
CL	C	0.33%	0.16%	0.16%
CLH	B	0.04%	0.02%	0.02%
CLX	B	0.15%	0.05%	0.05%
CMA	B	0.04%	0.05%	0.04%
CMC	D	0.07%	0.02%	0.02%
CMCSA	D	0.24%	0.73%	0.24%
CME	B	0.2%	0.15%	0.15%
CMG	C	0.22%	0.03%	0.03%
CMI	C	0.11%	0.13%	0.11%
CNM	F	0.01%	0.01%	0.01%
CNO	B	0.04%	0.03%	0.03%
CNX	B	0.06%	0.02%	0.02%
COF	D	0.42%	0.34%	0.34%
COHR	C	0.02%	0.03%	0.02%
COIN	F	0.06%	0.02%	0.02%
COLD	D	0.04%	0.02%	0.02%
COOP	B	0.04%	0.03%	0.03%
COP	F	0.3%	0.43%	0.3%
COST	B	1.21%	0.57%	0.57%
CPAY	C	0.05%	0.03%	0.03%
CPB	B	0.01%	0.04%	0.01%
CPNG	B	0.03%	0.03%	0.03%
CPRI	D	0.01%	0.02%	0.01%
CPRT	F	0.19%	0.03%	0.03%
CPT	B	0.06%	0.04%	0.04%
CR	C	0.01%	0.02%	0.01%
CRBG	D	0.04%	0.06%	0.04%
CRI	C	0.06%	0.01%	0.01%
CRM	D	0.35%	0.19%	0.19%
CSCO	C	0.42%	0.57%	0.42%
CSL	C	0.01%	0.03%	0.01%
CSX	D	0.08%	0.14%	0.08%
CTAS	B	0.18%	0.06%	0.06%
CTLT	B	0.02%	0.03%	0.02%
CTRA	F	0.02%	0.07%	0.02%
CTVA	B	0.03%	0.1%	0.03%
CUBE	A	0.04%	0.02%	0.02%
CVS	D	0.8%	0.6%	0.6%
CVX	D	0.79%	1.07%	0.79%
CW	B	0.08%	0.02%	0.02%
CXW	D	0.02%	0.01%	0.01%
DAN	F	0.01%	0.01%	0.01%
DASH	C	0.09%	0.02%	0.02%
DCI	D	0.04%	0.02%	0.02%
DD	B	0.21%	0.17%	0.17%
DECK	C	0.17%	0.02%	0.02%
DEI	A	0.01%	0.02%	0.01%
DFS	C	0.08%	0.16%	0.08%
DG	F	0.05%	0.06%	0.05%
DGX	B	0.06%	0.07%	0.06%
DHR	B	0.27%	0.18%	0.18%
DINO	F	0.03%	0.04%	0.03%
DK	F	0.03%	0.02%	0.02%
DKS	D	0.09%	0.04%	0.04%
DLR	A	0.08%	0.11%	0.08%
DLTR	F	0.02%	0.04%	0.02%
DOV	B	0.02%	0.05%	0.02%
DOW	F	0.04%	0.22%	0.04%
DOX	C	0.03%	0.03%	0.03%
DPZ	D	0.18%	0.02%	0.02%
DRH	C	0.02%	0.01%	0.01%
DRI	C	0.03%	0.05%	0.03%
DTM	B	0.01%	0.03%	0.01%
DUK	B	0.13%	0.45%	0.13%
DVA	A	0.18%	0.04%	0.04%
DXC	C	0.02%	0.05%	0.02%
DY	C	0.01%	0.02%	0.01%
EA	C	0.09%	0.04%	0.04%
EBAY	A	0.34%	0.09%	0.09%
ECL	A	0.08%	0.08%	0.08%
EFX	B	0.09%	0.04%	0.04%
EHC	B	0.08%	0.02%	0.02%
ELAN	D	0.01%	0.03%	0.01%
ELS	B	0.04%	0.02%	0.02%
ELV	B	0.08%	0.4%	0.08%
EME	A	0.03%	0.03%	0.03%
EMN	A	0.06%	0.06%	0.06%
EMR	D	0.15%	0.12%	0.12%
ENTG	D	0.04%	0.01%	0.01%
EOG	D	0.11%	0.26%	0.11%
EQH	C	0.07%	0.05%	0.05%
EQIX	B	0.03%	0.09%	0.03%
ESAB	C	0.01%	0.01%	0.01%
ESI	D	0.01%	0.01%	0.01%
ESNT	B	0.01%	0.02%	0.01%
ETN	C	0.18%	0.15%	0.15%
EVR	B	0.12%	0.02%	0.02%
EVRG	A	0.01%	0.08%	0.01%
EWBC	D	0.02%	0.04%	0.02%
EXC	A	0.12%	0.21%	0.12%
EXEL	A	0.02%	0.02%	0.02%
EXPD	D	0.07%	0.04%	0.04%
EXR	A	0.07%	0.04%	0.04%
F	D	0.33%	0.4%	0.33%
FAF	A	0.02%	0.04%	0.02%
FANG	F	0.04%	0.08%	0.04%
FAST	C	0.1%	0.05%	0.05%
FCN	C	0.07%	0.02%	0.02%
FCNCA	D	0.05%	0.03%	0.03%
FCX	D	0.09%	0.14%	0.09%
FDS	C	0.05%	0.01%	0.01%
FFIV	A	0.04%	0.02%	0.02%
FHN	C	0.01%	0.04%	0.01%
FIS	A	0.08%	0.15%	0.08%
FITB	B	0.05%	0.13%	0.05%
FL	D	0.05%	0.03%	0.03%
FLEX	D	0.05%	0.07%	0.05%
FLO	C	0.04%	0.02%	0.02%
FLR	D	0.01%	0.03%	0.01%
FLS	D	0.02%	0.02%	0.02%
FND	C	0.03%	0.01%	0.01%
FNF	B	0.03%	0.07%	0.03%
FOXA	C	0.08%	0.05%	0.05%
FR	B	0.03%	0.01%	0.01%
FTI	D	0.1%	0.02%	0.02%
FTNT	B	0.06%	0.01%	0.01%
FYBR	C	0.01%	0.07%	0.01%
G	B	0.05%	0.02%	0.02%
GAP	F	0.07%	0.03%	0.03%
GATX	C	0.04%	0.02%	0.02%
GD	B	0.17%	0.19%	0.17%
GDDY	D	0.09%	0.02%	0.02%
GE	A	1.09%	0.22%	0.22%
GEF	D	0.02%	0.01%	0.01%
GEHC	C	0.02%	0.08%	0.02%
GEO	D	0.04%	0.02%	0.02%
GGG	C	0.04%	0.01%	0.01%
GHC	C	0.02%	0.01%	0.01%
GILD	B	0.78%	0.34%	0.34%
GIS	B	0.11%	0.16%	0.11%
GLPI	B	0.07%	0.03%	0.03%
GLW	C	0.2%	0.12%	0.12%
GM	C	0.56%	0.7%	0.56%
GMS	C	0.03%	0.01%	0.01%
GNRC	D	0.04%	0.02%	0.02%
GNTX	F	0.06%	0.01%	0.01%
GNW	B	0.04%	0.02%	0.02%
GOOGL	D	1.17%	0.97%	0.97%
GPC	D	0.02%	0.07%	0.02%
GPI	B	0.09%	0.04%	0.04%
GPK	A	0.1%	0.03%	0.03%
GS	D	0.45%	0.68%	0.45%
GT	F	0.03%	0.03%	0.03%
GWW	B	0.17%	0.05%	0.05%
HAL	F	0.04%	0.07%	0.04%
HBAN	B	0.03%	0.1%	0.03%
HBI	B	0.03%	0.04%	0.03%
HCA	A	0.13%	0.19%	0.13%
HCC	D	0.06%	0.01%	0.01%
HD	B	0.39%	0.69%	0.39%
HEI	A	0.04%	0.01%	0.01%
HEI	A	0.04%	0.01%	0.01%
HELE	D	0.01%	0.0%	0.0%
HIG	B	0.06%	0.15%	0.06%
HII	D	0.02%	0.04%	0.02%
HLT	B	0.08%	0.03%	0.03%
HOG	C	0.02%	0.02%	0.02%
HOLX	B	0.03%	0.04%	0.03%
HOOD	C	0.03%	0.02%	0.02%
HP	F	0.03%	0.01%	0.01%
HPE	F	0.2%	0.18%	0.18%
HPP	F	0.01%	0.01%	0.01%
HPQ	D	0.27%	0.19%	0.19%
HRB	C	0.09%	0.03%	0.03%
HRL	C	0.01%	0.04%	0.01%
HSIC	D	0.03%	0.04%	0.03%
HST	D	0.02%	0.04%	0.02%
HSY	B	0.06%	0.05%	0.05%
HUBB	B	0.08%	0.03%	0.03%
HUBG	C	0.04%	0.02%	0.02%
HUN	D	0.01%	0.03%	0.01%
HWM	B	0.12%	0.04%	0.04%
IBM	A	1.32%	0.54%	0.54%
ICE	B	0.29%	0.13%	0.13%
IDXX	C	0.06%	0.01%	0.01%
IEX	D	0.08%	0.02%	0.02%
IFF	B	0.03%	0.1%	0.03%
IGT	D	0.02%	0.01%	0.01%
INCY	C	0.01%	0.02%	0.01%
INGR	B	0.06%	0.04%	0.04%
INTC	F	0.36%	0.37%	0.36%
INTU	C	0.26%	0.09%	0.09%
INVH	B	0.06%	0.05%	0.05%
IP	B	0.12%	0.14%	0.12%
IPG	C	0.07%	0.05%	0.05%
IR	D	0.09%	0.03%	0.03%
IRM	A	0.11%	0.09%	0.09%
IT	B	0.16%	0.02%	0.02%
ITT	C	0.08%	0.02%	0.02%
ITW	B	0.08%	0.12%	0.08%
IVZ	C	0.05%	0.05%	0.05%
JAZZ	D	0.01%	0.02%	0.01%
JBGS	B	0.01%	0.01%	0.01%
JBHT	D	0.02%	0.03%	0.02%
JBL	D	0.07%	0.05%	0.05%
JEF	B	0.03%	0.06%	0.03%
JELD	D	0.01%	0.01%	0.01%
JHG	B	0.03%	0.03%	0.03%
JKHY	A	0.1%	0.02%	0.02%
JLL	B	0.05%	0.06%	0.05%
JNJ	B	1.03%	1.06%	1.03%
JNPR	B	0.13%	0.03%	0.03%
JPM	D	0.9%	2.11%	0.9%
JWN	C	0.03%	0.03%	0.03%
JXN	B	0.09%	0.08%	0.08%
K	A	0.1%	0.08%	0.08%
KBH	B	0.04%	0.02%	0.02%
KBR	D	0.02%	0.02%	0.02%
KD	D	0.06%	0.05%	0.05%
KDP	B	0.06%	0.11%	0.06%
KEX	C	0.01%	0.02%	0.01%
KEY	B	0.02%	0.1%	0.02%
KHC	C	0.16%	0.16%	0.16%
KKR	B	0.13%	0.1%	0.1%
KLAC	D	0.23%	0.06%	0.06%
KMB	C	0.16%	0.16%	0.16%
KMI	B	0.08%	0.26%	0.08%
KMPR	D	0.02%	0.02%	0.02%
KNX	C	0.01%	0.03%	0.01%
KO	B	0.6%	0.57%	0.57%
KR	B	0.34%	0.3%	0.3%
KSS	F	0.06%	0.05%	0.05%
L	C	0.08%	0.06%	0.06%
LAD	C	0.01%	0.05%	0.01%
LAMR	A	0.05%	0.03%	0.03%
LBRDK	D	0.02%	0.02%	0.02%
LDOS	B	0.08%	0.06%	0.06%
LEA	F	0.03%	0.05%	0.03%
LECO	D	0.08%	0.01%	0.01%
LEG	D	0.02%	0.02%	0.02%
LEN	B	0.08%	0.13%	0.08%
LEN	B	0.08%	0.01%	0.01%
LHX	C	0.19%	0.12%	0.12%
LII	A	0.23%	0.02%	0.02%
LLY	C	2.48%	0.27%	0.27%
LMT	B	0.52%	0.39%	0.39%
LNC	D	0.05%	0.06%	0.05%
LNW	B	0.02%	0.02%	0.02%
LOW	B	0.23%	0.33%	0.23%
LPLA	F	0.07%	0.02%	0.02%
LPX	B	0.06%	0.02%	0.02%
LRCX	F	0.27%	0.08%	0.08%
LSTR	D	0.08%	0.02%	0.02%
LUMN	C	0.08%	0.08%	0.08%
LVS	D	0.01%	0.03%	0.01%
LW	D	0.04%	0.01%	0.01%
LXP	B	0.02%	0.01%	0.01%
LYB	F	0.21%	0.17%	0.17%
M	D	0.04%	0.05%	0.04%
MA	A	0.79%	0.17%	0.17%
MAC	B	0.04%	0.02%	0.02%
MAN	D	0.04%	0.03%	0.03%
MAR	D	0.11%	0.05%	0.05%
MAS	B	0.06%	0.03%	0.03%
MC	B	0.03%	0.01%	0.01%
MCD	B	0.4%	0.29%	0.29%
MCK	F	0.51%	0.44%	0.44%
MCO	B	0.03%	0.06%	0.03%
MDLZ	B	0.22%	0.22%	0.22%
MDU	B	0.03%	0.02%	0.02%
MET	B	0.36%	0.28%	0.28%
META	B	2.02%	0.9%	0.9%
MHK	B	0.01%	0.06%	0.01%
MHO	B	0.05%	0.02%	0.02%
MKC	B	0.08%	0.05%	0.05%
MKL	C	0.03%	0.08%	0.03%
MKSI	F	0.01%	0.02%	0.01%
MLI	B	0.06%	0.02%	0.02%
MLKN	D	0.01%	0.01%	0.01%
MLM	D	0.06%	0.04%	0.04%
MMC	A	0.19%	0.15%	0.15%
MMM	A	0.41%	0.44%	0.41%
MMS	D	0.06%	0.02%	0.02%
MNST	C	0.06%	0.03%	0.03%
MO	C	0.52%	0.54%	0.52%
MOH	C	0.03%	0.06%	0.03%
MOS	F	0.04%	0.06%	0.04%
MPC	F	0.64%	0.36%	0.36%
MRK	D	0.87%	0.51%	0.51%
MRO	D	0.1%	0.07%	0.07%
MSCI	C	0.07%	0.02%	0.02%
MSI	B	0.15%	0.07%	0.07%
MSM	D	0.06%	0.01%	0.01%
MTB	B	0.03%	0.13%	0.03%
MTD	D	0.08%	0.02%	0.02%
MTDR	F	0.01%	0.01%	0.01%
MTG	B	0.04%	0.02%	0.02%
MTH	B	0.08%	0.03%	0.03%
MTN	D	0.05%	0.02%	0.02%
MU	F	0.15%	0.29%	0.15%
MUR	F	0.05%	0.02%	0.02%
MUSA	B	0.17%	0.03%	0.03%
NAVI	C	0.03%	0.02%	0.02%
NDAQ	B	0.02%	0.03%	0.02%
NDSN	C	0.04%	0.02%	0.02%
NEM	B	0.09%	0.21%	0.09%
NFG	A	0.04%	0.02%	0.02%
NFLX	B	0.44%	0.18%	0.18%
NKE	D	0.04%	0.14%	0.04%
NOC	B	0.23%	0.19%	0.19%
NOMD	B	0.0%	0.02%	0.0%
NOV	F	0.04%	0.02%	0.02%
NOW	B	0.37%	0.03%	0.03%
NRG	C	0.07%	0.1%	0.07%
NSIT	C	0.06%	0.02%	0.02%
NSP	F	0.02%	0.01%	0.01%
NTAP	D	0.08%	0.06%	0.06%
NTRS	B	0.02%	0.09%	0.02%
NUE	D	0.08%	0.12%	0.08%
NVDA	D	1.6%	0.2%	0.2%
NVR	B	0.07%	0.05%	0.05%
NVT	D	0.02%	0.02%	0.02%
NWL	C	0.02%	0.04%	0.02%
NWSA	D	0.06%	0.03%	0.03%
NXST	D	0.05%	0.03%	0.03%
OC	C	0.07%	0.04%	0.04%
ODFL	D	0.02%	0.03%	0.02%
ODP	F	0.02%	0.01%	0.01%
OGN	C	0.08%	0.05%	0.05%
OI	D	0.03%	0.02%	0.02%
OKE	A	0.08%	0.16%	0.08%
OKTA	F	0.03%	0.01%	0.01%
OLN	D	0.04%	0.03%	0.03%
OMC	B	0.06%	0.08%	0.06%
OMF	D	0.03%	0.05%	0.03%
OMI	D	0.01%	0.01%	0.01%
ONB	C	0.01%	0.02%	0.01%
ORCL	B	1.13%	0.26%	0.26%
ORLY	B	0.18%	0.06%	0.06%
OSK	D	0.07%	0.03%	0.03%
OTIS	C	0.07%	0.06%	0.06%
PAG	D	0.04%	0.02%	0.02%
PARA	F	0.02%	0.12%	0.02%
PAYX	B	0.03%	0.07%	0.03%
PBF	F	0.06%	0.04%	0.04%
PCAR	D	0.08%	0.12%	0.08%
PDCO	D	0.03%	0.01%	0.01%
PECO	B	0.01%	0.01%	0.01%
PEG	A	0.05%	0.15%	0.05%
PEP	B	0.62%	0.55%	0.55%
PFE	C	0.53%	0.89%	0.53%
PFG	C	0.01%	0.1%	0.01%
PFSI	B	0.02%	0.01%	0.01%
PG	A	0.88%	0.79%	0.79%
PGR	B	0.5%	0.26%	0.26%
PH	B	0.13%	0.09%	0.09%
PHIN	C	0.01%	0.02%	0.01%
PHM	B	0.17%	0.08%	0.08%
PINC	C	0.02%	0.01%	0.01%
PK	F	0.06%	0.03%	0.03%
PKG	B	0.05%	0.06%	0.05%
PLXS	B	0.02%	0.02%	0.02%
PM	B	0.56%	0.69%	0.56%
PMT	C	0.02%	0.01%	0.01%
PNC	B	0.1%	0.34%	0.1%
PNM	B	0.02%	0.02%	0.02%
PNR	A	0.08%	0.02%	0.02%
POOL	C	0.07%	0.02%	0.02%
POST	C	0.05%	0.02%	0.02%
PPG	C	0.04%	0.07%	0.04%
PRU	C	0.25%	0.23%	0.23%
PSA	A	0.03%	0.08%	0.03%
PSX	F	0.54%	0.31%	0.31%
PTC	D	0.05%	0.01%	0.01%
PVH	D	0.04%	0.02%	0.02%
PWR	C	0.13%	0.05%	0.05%
QCOM	D	0.62%	0.33%	0.33%
QRVO	F	0.01%	0.03%	0.01%
R	B	0.06%	0.06%	0.06%
RCL	B	0.08%	0.04%	0.04%
REGN	C	0.45%	0.16%	0.16%
REZI	D	0.02%	0.01%	0.01%
RGA	B	0.05%	0.06%	0.05%
RGLD	B	0.04%	0.01%	0.01%
RHI	D	0.02%	0.02%	0.02%
RJF	C	0.01%	0.05%	0.01%
RL	B	0.04%	0.02%	0.02%
RLI	B	0.03%	0.01%	0.01%
RLJ	F	0.02%	0.01%	0.01%
RMD	B	0.13%	0.04%	0.04%
ROP	B	0.06%	0.07%	0.06%
ROST	C	0.07%	0.07%	0.07%
RPM	B	0.11%	0.03%	0.03%
RPRX	C	0.03%	0.02%	0.02%
RRC	D	0.04%	0.01%	0.01%
RS	D	0.08%	0.04%	0.04%
RSG	B	0.13%	0.07%	0.07%
RUSHA	C	0.03%	0.01%	0.01%
RYN	C	0.02%	0.01%	0.01%
SAIA	D	0.04%	0.01%	0.01%
SAIC	B	0.01%	0.02%	0.01%
SANM	D	0.05%	0.03%	0.03%
SBAC	B	0.03%	0.02%	0.02%
SBH	C	0.03%	0.01%	0.01%
SBUX	C	0.06%	0.17%	0.06%
SCCO	D	0.01%	0.02%	0.01%
SCHW	D	0.16%	0.15%	0.15%
SCI	A	0.06%	0.03%	0.03%
SEE	D	0.06%	0.02%	0.02%
SEIC	C	0.07%	0.01%	0.01%
SEM	D	0.03%	0.02%	0.02%
SF	B	0.01%	0.03%	0.01%
SFM	B	0.19%	0.04%	0.04%
SHW	A	0.21%	0.09%	0.09%
SIG	C	0.04%	0.01%	0.01%
SIGI	C	0.01%	0.01%	0.01%
SJM	C	0.03%	0.05%	0.03%
SKX	C	0.02%	0.03%	0.02%
SLB	F	0.09%	0.13%	0.09%
SLG	B	0.07%	0.04%	0.04%
SLGN	B	0.04%	0.02%	0.02%
SLM	D	0.06%	0.02%	0.02%
SLVM	B	0.03%	0.02%	0.02%
SM	F	0.03%	0.02%	0.02%
SMCI	F	0.14%	0.01%	0.01%
SMG	C	0.04%	0.02%	0.02%
SNV	C	0.01%	0.03%	0.01%
SON	C	0.04%	0.03%	0.03%
SPB	B	0.01%	0.01%	0.01%
SPG	B	0.15%	0.12%	0.12%
SPGI	A	0.06%	0.18%	0.06%
SRCL	A	0.04%	0.02%	0.02%
STE	B	0.12%	0.03%	0.03%
STLD	F	0.04%	0.06%	0.04%
STZ	C	0.04%	0.07%	0.04%
SUI	B	0.05%	0.04%	0.04%
SWN	D	0.01%	0.05%	0.01%
SWX	C	0.01%	0.02%	0.01%
SYF	D	0.29%	0.18%	0.18%
SYY	C	0.07%	0.15%	0.07%
T	A	1.23%	1.15%	1.15%
TAP	C	0.08%	0.05%	0.05%
TDG	B	0.15%	0.07%	0.07%
TDS	B	0.03%	0.04%	0.03%
TER	D	0.03%	0.03%	0.03%
TEX	D	0.06%	0.01%	0.01%
TFC	D	0.09%	0.35%	0.09%
TFX	B	0.03%	0.02%	0.02%
TGNA	C	0.04%	0.02%	0.02%
TGT	C	0.68%	0.31%	0.31%
THC	B	0.27%	0.13%	0.13%
THG	A	0.04%	0.02%	0.02%
THO	C	0.06%	0.03%	0.03%
THS	C	0.02%	0.02%	0.02%
TJX	B	0.34%	0.19%	0.19%
TKR	D	0.05%	0.02%	0.02%
TMHC	B	0.08%	0.04%	0.04%
TMUS	A	0.31%	0.29%	0.29%
TOL	B	0.1%	0.05%	0.05%
TPH	C	0.05%	0.03%	0.03%
TPR	C	0.01%	0.03%	0.01%
TPX	C	0.06%	0.01%	0.01%
TRGP	B	0.13%	0.08%	0.08%
TRN	C	0.03%	0.02%	0.02%
TROW	D	0.08%	0.09%	0.08%
TRV	A	0.32%	0.23%	0.23%
TSCO	B	0.07%	0.05%	0.05%
TSN	C	0.22%	0.17%	0.17%
TTC	D	0.07%	0.02%	0.02%
TTMI	D	0.01%	0.01%	0.01%
TTWO	D	0.07%	0.04%	0.04%
TXN	D	0.21%	0.36%	0.21%
TXRH	D	0.05%	0.01%	0.01%
TXT	D	0.03%	0.05%	0.03%
TYL	B	0.08%	0.02%	0.02%
UAL	C	0.01%	0.03%	0.01%
UBER	C	0.21%	0.05%	0.05%
UDR	B	0.03%	0.04%	0.03%
UFPI	C	0.06%	0.02%	0.02%
UHAL	B	0.03%	0.0%	0.0%
UHAL	B	0.03%	0.02%	0.02%
UHAL	B	0.01%	0.0%	0.0%
UHAL	B	0.01%	0.02%	0.01%
UHS	B	0.09%	0.06%	0.06%
ULTA	D	0.04%	0.02%	0.02%
UNM	B	0.1%	0.07%	0.07%
UNP	B	0.48%	0.28%	0.28%
UPS	D	0.19%	0.33%	0.19%
URBN	D	0.05%	0.01%	0.01%
URI	C	0.09%	0.09%	0.09%
USB	C	0.11%	0.36%	0.11%
USFD	A	0.09%	0.08%	0.08%
UTHR	C	0.16%	0.04%	0.04%
UVV	D	0.01%	0.01%	0.01%
V	A	0.86%	0.24%	0.24%
VFC	C	0.02%	0.06%	0.02%
VLO	F	0.54%	0.35%	0.35%
VMC	D	0.06%	0.04%	0.04%
VNO	A	0.06%	0.05%	0.05%
VNT	D	0.02%	0.01%	0.01%
VRSK	D	0.2%	0.03%	0.03%
VRTX	C	0.21%	0.09%	0.09%
VSH	F	0.03%	0.01%	0.01%
VST	C	0.26%	0.09%	0.09%
VTRS	C	0.13%	0.09%	0.09%
VZ	A	1.01%	1.27%	1.01%
WAB	B	0.04%	0.05%	0.04%
WAL	B	0.01%	0.03%	0.01%
WAT	C	0.05%	0.02%	0.02%
WBA	F	0.14%	0.12%	0.12%
WBS	D	0.01%	0.03%	0.01%
WCC	D	0.08%	0.04%	0.04%
WDC	D	0.15%	0.11%	0.11%
WELL	B	0.12%	0.16%	0.12%
WERN	D	0.02%	0.01%	0.01%
WFC	F	1.4%	1.08%	1.08%
WH	B	0.03%	0.01%	0.01%
WHR	D	0.04%	0.06%	0.04%
WM	D	0.23%	0.12%	0.12%
WMB	A	0.08%	0.2%	0.08%
WMT	B	1.87%	1.12%	1.12%
WPC	B	0.05%	0.04%	0.04%
WRB	C	0.02%	0.04%	0.02%
WSM	C	0.21%	0.04%	0.04%
WSO	C	0.2%	0.03%	0.03%
WST	F	0.04%	0.01%	0.01%
WTFC	C	0.01%	0.02%	0.01%
WTW	B	0.05%	0.07%	0.05%
WU	F	0.08%	0.03%	0.03%
WWD	D	0.01%	0.01%	0.01%
X	D	0.06%	0.04%	0.04%
XOM	D	0.99%	2.23%	0.99%
XPO	D	0.03%	0.02%	0.02%
XRAY	D	0.04%	0.01%	0.01%
XRX	F	0.02%	0.02%	0.02%
XYL	D	0.11%	0.03%	0.03%
YUM	B	0.1%	0.05%	0.05%
ZION	D	0.03%	0.04%	0.03%
ZTS	B	0.04%	0.06%	0.04%

MFUS Overweight 131 Positions Relative to PRF

Symbol	Grade	Weight
ANF	D	0.26%
PANW	C	0.25%
FICO	A	0.22%
CRS	B	0.1%
ERIE	B	0.09%
HLI	A	0.08%
MPWR	C	0.08%
CALM	B	0.07%
CHE	C	0.06%
ATGE	D	0.05%
CRUS	D	0.05%
SKYW	C	0.05%
WEN	C	0.05%
ROL	B	0.05%
LOPE	D	0.05%
VIRT	B	0.05%
TW	A	0.05%
NYT	C	0.05%
DELL	D	0.05%
IBKR	B	0.05%
FIX	B	0.05%
EXP	A	0.05%
KTB	A	0.05%
WTM	D	0.04%
FHI	B	0.04%
VC	F	0.04%
PR	D	0.04%
GVA	B	0.04%
NBIX	D	0.04%
PINS	F	0.04%
VRSN	D	0.04%
SEB	C	0.04%
MOG.A	B	0.04%
HXL	F	0.04%
BDC	B	0.04%
LANC	D	0.04%
NEU	C	0.03%
SSD	C	0.03%
COKE	C	0.03%
VVV	D	0.03%
PRG	B	0.03%
BRKR	D	0.03%
AWI	C	0.03%
PRIM	C	0.03%
YELP	F	0.03%
GBX	C	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
BFAM	B	0.03%
MORN	C	0.03%
WTS	C	0.03%
DLB	D	0.03%
MANH	A	0.03%
ACA	C	0.03%
MSA	D	0.03%
CVLT	B	0.03%
APP	B	0.03%
PSTG	D	0.03%
AROC	D	0.03%
DDS	D	0.03%
TTEK	B	0.02%
APOG	C	0.02%
HNI	C	0.02%
SNDR	B	0.02%
DORM	B	0.02%
CHDN	B	0.02%
OSIS	C	0.02%
SNAP	F	0.02%
GES	F	0.02%
SAM	F	0.02%
MCY	C	0.02%
GWRE	A	0.02%
XHR	C	0.02%
NTCT	D	0.02%
SXT	D	0.02%
EPC	F	0.02%
VSTO	B	0.02%
PSN	B	0.02%
WMS	D	0.02%
MKTX	C	0.02%
HAE	D	0.02%
GMED	D	0.02%
AIR	C	0.02%
ORA	C	0.02%
TDC	F	0.02%
LZB	C	0.02%
MASI	D	0.02%
SHO	D	0.02%
STC	B	0.02%
BKE	B	0.02%
UNF	B	0.02%
MATX	C	0.02%
SCHL	D	0.01%
SCL	D	0.01%
LYFT	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ECPG	C	0.01%
WGO	D	0.01%
WOR	F	0.01%
SYNA	F	0.01%
CENTA	D	0.01%
AMED	D	0.01%
FELE	D	0.01%
WAFD	B	0.01%
WMK	C	0.01%
BRC	B	0.01%
KN	D	0.01%
CSGS	C	0.01%
STRA	D	0.01%
CVI	F	0.01%
AMWD	C	0.01%
TREX	F	0.01%
LAUR	C	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	D	0.01%
RBC	D	0.01%
IOSP	D	0.01%
LADR	B	0.01%
GOLF	D	0.01%
PSMT	B	0.01%
TNET	D	0.01%
CWEN	A	0.01%
BHE	C	0.01%
OLLI	C	0.01%
PTEN	F	0.01%
SCS	C	0.01%
DNOW	D	0.01%
SATS	B	0.01%
WOLF	F	0.0%

MFUS Underweight 327 Positions Relative to PRF

Symbol	Grade	Weight
MSFT	C	-1.88%
UNH	C	-1.14%
GOOG	D	-0.83%
RTX	C	-0.51%
MS	D	-0.46%
NEE	B	-0.43%
MDT	B	-0.39%
SO	A	-0.39%
DIS	D	-0.36%
ABT	B	-0.33%
FDX	C	-0.32%
LIN	B	-0.31%
BLK	A	-0.29%
HON	D	-0.28%
CNC	C	-0.28%
D	B	-0.28%
TSLA	C	-0.27%
TMO	B	-0.26%
AEP	A	-0.24%
DE	B	-0.23%
HUM	F	-0.2%
SRE	B	-0.19%
AMT	B	-0.19%
ED	B	-0.18%
PLD	B	-0.18%
PYPL	B	-0.18%
ADI	D	-0.18%
JCI	B	-0.16%
AMD	D	-0.16%
APD	B	-0.15%
STT	B	-0.15%
EIX	B	-0.15%
NSC	C	-0.14%
CCI	B	-0.14%
XEL	B	-0.14%
PPL	A	-0.14%
BA	F	-0.14%
DHI	B	-0.14%
OXY	F	-0.14%
WBD	D	-0.13%
ETR	A	-0.13%
VTR	B	-0.12%
PCG	B	-0.12%
FE	B	-0.12%
BG	F	-0.12%
SYK	B	-0.12%
ES	B	-0.12%
DTE	A	-0.11%
O	B	-0.11%
RF	C	-0.11%
CBRE	B	-0.11%
DVN	F	-0.11%
WEC	B	-0.11%
TEL	D	-0.1%
CTSH	B	-0.1%
AVB	B	-0.09%
ACGL	A	-0.09%
NXPI	F	-0.09%
EQR	B	-0.09%
KMX	D	-0.09%
TT	A	-0.09%
AER	C	-0.09%
WY	C	-0.09%
AEE	A	-0.09%
ZIM	C	-0.09%
CMS	A	-0.08%
MRNA	F	-0.08%
VICI	B	-0.08%
SWK	B	-0.08%
GPN	C	-0.07%
GEV	B	-0.07%
PFGC	B	-0.07%
IQV	C	-0.07%
ARE	B	-0.07%
CNP	C	-0.07%
STX	D	-0.07%
ISRG	B	-0.07%
DOC	B	-0.07%
LNT	A	-0.06%
CF	C	-0.06%
SQ	D	-0.06%
GRMN	D	-0.06%
ORI	B	-0.06%
MCHP	D	-0.06%
NI	A	-0.06%
PNW	A	-0.06%
LNG	C	-0.06%
AWK	A	-0.06%
HAS	B	-0.05%
ROK	D	-0.05%
LKQ	D	-0.05%
CCEP	B	-0.05%
APA	F	-0.05%
BAP	B	-0.05%
KIM	B	-0.05%
ESS	A	-0.05%
ZBH	D	-0.05%
UGI	B	-0.05%
HES	F	-0.05%
EG	B	-0.05%
MPW	B	-0.05%
CNH	C	-0.05%
MRVL	C	-0.05%
APTV	F	-0.05%
MAA	A	-0.05%
SOLV	C	-0.05%
ATO	A	-0.05%
EQT	D	-0.05%
EL	F	-0.04%
MTZ	B	-0.04%
SNA	B	-0.04%
TDY	B	-0.04%
SSNC	A	-0.04%
FMC	C	-0.04%
REG	B	-0.04%
STWD	B	-0.04%
AME	D	-0.04%
OVV	F	-0.04%
CHK	D	-0.04%
SNX	D	-0.04%
ICLR	F	-0.04%
MGM	D	-0.04%
OGE	B	-0.04%
J	D	-0.04%
ON	D	-0.04%
SWKS	F	-0.04%
CSGP	D	-0.03%
VLTO	B	-0.03%
FOX	C	-0.03%
POR	A	-0.03%
GL	C	-0.03%
RIG	F	-0.03%
FRT	B	-0.03%
DAR	F	-0.03%
AL	D	-0.03%
FNB	D	-0.03%
RRX	C	-0.03%
ALV	F	-0.03%
PB	B	-0.03%
ALB	D	-0.03%
SNPS	D	-0.03%
CLF	F	-0.03%
WTRG	D	-0.03%
AXS	B	-0.03%
TRU	A	-0.03%
KEYS	C	-0.03%
VOYA	A	-0.03%
BRX	B	-0.03%
TWLO	D	-0.03%
EXPE	C	-0.03%
CZR	D	-0.03%
DAL	C	-0.03%
PENN	D	-0.03%
ARMK	B	-0.03%
BPOP	C	-0.03%
OHI	B	-0.03%
EW	D	-0.03%
ZBRA	C	-0.03%
FTV	C	-0.03%
FSLR	D	-0.03%
OUT	B	-0.02%
IRT	A	-0.02%
VMI	D	-0.02%
ESGR	D	-0.02%
WDAY	D	-0.02%
LYV	C	-0.02%
RXO	D	-0.02%
CIVI	F	-0.02%
WLK	D	-0.02%
NVST	D	-0.02%
CSTM	D	-0.02%
VSCO	C	-0.02%
COLB	C	-0.02%
BCO	B	-0.02%
STAG	B	-0.02%
ABCB	B	-0.02%
UMBF	B	-0.02%
ASGN	D	-0.02%
PCH	C	-0.02%
FULT	D	-0.02%
IAC	C	-0.02%
TCBI	B	-0.02%
AGO	C	-0.02%
LULU	D	-0.02%
FHB	C	-0.02%
ALLE	A	-0.02%
KRG	B	-0.02%
CRL	D	-0.02%
HOMB	C	-0.02%
ACHC	C	-0.02%
NJR	A	-0.02%
LUV	C	-0.02%
ADC	B	-0.02%
ALE	B	-0.02%
TNL	F	-0.02%
PRI	B	-0.02%
AVNT	B	-0.02%
EPR	B	-0.02%
NWE	A	-0.02%
GBCI	C	-0.02%
REXR	C	-0.02%
AGR	B	-0.02%
GME	F	-0.02%
CDNS	D	-0.02%
CIEN	C	-0.02%
HE	D	-0.02%
HLF	F	-0.02%
MIDD	D	-0.02%
OGS	A	-0.02%
SR	A	-0.02%
OZK	D	-0.02%
ASB	D	-0.02%
CAR	F	-0.02%
CHKP	B	-0.02%
MAT	C	-0.02%
MELI	B	-0.02%
HWC	D	-0.02%
ST	F	-0.02%
CFR	C	-0.02%
IDA	B	-0.02%
RIVN	F	-0.02%
CWK	B	-0.02%
SBRA	A	-0.02%
UBSI	C	-0.02%
ILMN	C	-0.02%
RNR	B	-0.02%
BXMT	C	-0.02%
TRMB	C	-0.02%
PII	D	-0.02%
CBOE	B	-0.02%
SSB	B	-0.02%
BKH	A	-0.02%
VLY	C	-0.02%
GXO	D	-0.02%
RUN	C	-0.02%
LSXMK	D	-0.02%
PNFP	B	-0.02%
ZM	C	-0.02%
HIW	A	-0.02%
CUZ	B	-0.02%
SPOT	C	-0.02%
BIO	C	-0.02%
PRGO	C	-0.02%
RDN	C	-0.02%
KRC	C	-0.02%
NNN	B	-0.02%
ZG	B	-0.01%
PARR	F	-0.01%
NUS	F	-0.01%
AMR	F	-0.01%
SNOW	F	-0.01%
DXCM	F	-0.01%
GTN	F	-0.01%
UAA	C	-0.01%
WSC	D	-0.01%
OPEN	D	-0.01%
XP	D	-0.01%
UA	C	-0.01%
BXC	D	-0.01%
HTZ	F	-0.01%
NWS	D	-0.01%
CLVT	D	-0.01%
LGIH	C	-0.01%
ATKR	F	-0.01%
STNE	F	-0.01%
VSTS	D	-0.01%
BGS	D	-0.01%
CRC	C	-0.01%
GTLS	F	-0.01%
DIOD	F	-0.01%
CABO	F	-0.01%
SITE	D	-0.01%
OPCH	C	-0.01%
TROX	F	-0.01%
BYD	C	-0.01%
UNIT	C	-0.01%
ENOV	F	-0.01%
CNXC	D	-0.01%
AXL	F	-0.01%
EGP	B	-0.01%
CGNX	D	-0.01%
KMT	B	-0.01%
ABNB	D	-0.01%
AMN	F	-0.01%
EPAM	D	-0.01%
HRI	D	-0.01%
W	D	-0.01%
ABR	C	-0.01%
ARI	F	-0.01%
RH	C	-0.01%
KNF	B	-0.01%
PPBI	D	-0.01%
Z	B	-0.01%
EEFT	F	-0.01%
UCBI	B	-0.01%
LFUS	D	-0.01%
CCS	B	-0.01%
WEX	C	-0.01%
BOKF	B	-0.01%
VRT	C	-0.01%
FIBK	C	-0.01%
WYNN	D	-0.01%
AAL	D	-0.01%
VSAT	F	-0.01%
INDB	C	-0.01%
ALIT	D	-0.01%
AUB	C	-0.01%
GRAB	C	-0.01%
ASH	D	-0.01%
FUL	D	-0.01%
SOFI	C	-0.01%
FFBC	C	-0.01%
AM	B	-0.01%
LCII	C	-0.01%
ENS	D	-0.01%
CATY	C	-0.01%
LITE	C	-0.01%
VAC	F	-0.01%
BDN	B	-0.01%
SFNC	B	-0.01%
UNFI	C	-0.01%
MTCH	C	-0.01%
VEEV	C	-0.01%
BIG	F	-0.0%
SEDG	F	-0.0%
LBRDA	D	-0.0%
FIVE	D	-0.0%