MFUS vs. QRFT ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to QRAFT AI-Enhanced U.S. Large Cap ETF (QRFT)

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

QRFT

QRAFT AI-Enhanced U.S. Large Cap ETF

QRFT Description

The investment seeks to provide total return. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective, under normal circumstances, by obtaining investment exposure to an actively managed portfolio consisting of equity securities of cryptocurrency-related and other blockchain technology-related companies. It may invest indirectly in bitcoin exclusively through investments in the Bitcoin Investment Trust ("GBTC"), a privately offered, open-end investment vehicle. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.55

Average Daily Volume

3,059

Number of Holdings ^*

340

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	QRFT
30 Days	2.73%	2.53%
60 Days	3.41%	2.81%
90 Days	5.38%	4.30%
12 Months	32.49%	31.73%

242 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in QRFT	Overlap
	AAPL	C	0.96%	9.44%	0.96%
	ABBV	D	1.36%	1.03%	1.03%
	ACI	C	0.01%	0.07%	0.01%
	ACM	A	0.03%	0.08%	0.03%
	ACN	C	0.25%	0.63%	0.25%
	ADBE	C	0.04%	0.82%	0.04%
	ADP	B	0.11%	0.35%	0.11%
	ADSK	A	0.09%	0.14%	0.09%
	AGCO	D	0.02%	0.06%	0.02%
	AKAM	D	0.02%	0.08%	0.02%
	ALGN	D	0.01%	0.05%	0.01%
	ALL	A	0.26%	0.12%	0.12%
	ALLY	C	0.05%	0.08%	0.05%
	ALNY	D	0.06%	0.11%	0.06%
	AMAT	F	0.55%	0.72%	0.55%
	AMGN	D	0.94%	0.56%	0.56%
	AMT	D	0.13%	0.06%	0.06%
	AMZN	C	1.71%	4.91%	1.71%
	ANET	C	0.14%	0.07%	0.07%
	ANSS	B	0.05%	0.07%	0.05%
	AON	A	0.24%	0.2%	0.2%
	AOS	F	0.08%	0.07%	0.07%
	APG	B	0.02%	0.07%	0.02%
	APH	A	0.12%	0.06%	0.06%
	APP	B	0.11%	0.05%	0.05%
	ARW	D	0.04%	0.06%	0.04%
	AVGO	D	1.59%	2.79%	1.59%
	AVY	D	0.09%	0.1%	0.09%
	AXP	A	0.23%	0.08%	0.08%
	AYI	B	0.1%	0.06%	0.06%
	AZO	C	0.28%	0.14%	0.14%
	BAH	F	0.15%	0.05%	0.05%
	BAX	D	0.04%	0.09%	0.04%
	BDX	F	0.11%	0.27%	0.11%
	BIIB	F	0.07%	0.08%	0.07%
	BK	A	0.18%	0.12%	0.12%
	BKNG	A	0.42%	0.46%	0.42%
	BKR	B	0.08%	0.08%	0.08%
	BLK	C	0.19%	0.07%	0.07%
	BMRN	D	0.01%	0.09%	0.01%
	BMY	B	0.41%	0.27%	0.27%
	BRK.A	B	2.42%	0.22%	0.22%
	BSX	B	0.2%	0.07%	0.07%
	BWA	D	0.01%	0.06%	0.01%
	BX	A	0.13%	0.06%	0.06%
	BXP	D	0.02%	0.07%	0.02%
	CAG	D	0.04%	0.08%	0.04%
	CAH	B	0.27%	0.06%	0.06%
	CAT	B	0.2%	0.59%	0.2%
	CB	C	0.16%	0.06%	0.06%
	CBRE	B	0.05%	0.07%	0.05%
	CBSH	A	0.01%	0.06%	0.01%
	CFG	B	0.04%	0.09%	0.04%
	CFR	B	0.01%	0.06%	0.01%
	CHRW	C	0.14%	0.07%	0.07%
	CI	F	0.13%	0.33%	0.13%
	CL	D	0.35%	0.27%	0.27%
	CLX	B	0.12%	0.09%	0.09%
	CMCSA	B	0.16%	0.48%	0.16%
	CME	A	0.14%	0.25%	0.14%
	CMG	B	0.2%	0.06%	0.06%
	CMI	A	0.14%	0.1%	0.1%
	CNC	D	0.04%	0.1%	0.04%
	COIN	C	0.1%	0.13%	0.1%
	COP	C	0.07%	0.07%	0.07%
	COST	B	1.35%	0.07%	0.07%
	CR	A	0.01%	0.06%	0.01%
	CRUS	D	0.04%	0.06%	0.04%
	CSCO	B	0.68%	0.64%	0.64%
	CSL	C	0.02%	0.04%	0.02%
	CSX	B	0.11%	0.26%	0.11%
	CTLT	B	0.02%	0.07%	0.02%
	CTVA	C	0.04%	0.1%	0.04%
	CVX	A	0.39%	0.05%	0.05%
	DASH	A	0.11%	0.11%	0.11%
	DD	D	0.1%	0.09%	0.09%
	DELL	C	0.03%	0.11%	0.03%
	DGX	A	0.09%	0.09%	0.09%
	DHR	F	0.24%	0.09%	0.09%
	DOW	F	0.02%	0.11%	0.02%
	DOX	D	0.03%	0.06%	0.03%
	DPZ	C	0.13%	0.1%	0.1%
	DUK	C	0.13%	0.06%	0.06%
	EA	A	0.18%	0.09%	0.09%
	EBAY	D	0.36%	0.06%	0.06%
	ELAN	D	0.01%	0.07%	0.01%
	ELV	F	0.16%	0.07%	0.07%
	EMN	D	0.04%	0.08%	0.04%
	EQR	B	0.04%	0.06%	0.04%
	ESS	B	0.04%	0.1%	0.04%
	EXEL	B	0.05%	0.06%	0.05%
	EXPD	D	0.11%	0.1%	0.1%
	F	C	0.16%	0.12%	0.12%
	FDS	B	0.04%	0.09%	0.04%
	FFIV	B	0.06%	0.07%	0.06%
	FI	A	0.19%	0.31%	0.19%
	FICO	B	0.25%	0.1%	0.1%
	FIS	C	0.07%	0.12%	0.07%
	FNF	B	0.03%	0.08%	0.03%
	FTI	A	0.04%	0.07%	0.04%
	FTNT	C	0.07%	0.14%	0.07%
	GD	F	0.24%	0.06%	0.06%
	GDDY	A	0.12%	0.1%	0.1%
	GE	D	0.56%	0.59%	0.56%
	GILD	C	0.87%	0.3%	0.3%
	GIS	D	0.17%	0.1%	0.1%
	GLW	B	0.2%	0.09%	0.09%
	GM	B	0.4%	0.15%	0.15%
	GS	A	0.41%	0.07%	0.07%
	GWRE	A	0.02%	0.08%	0.02%
	HD	A	0.62%	0.06%	0.06%
	HLT	A	0.1%	0.14%	0.1%
	HOLX	D	0.03%	0.09%	0.03%
	HOOD	B	0.04%	0.1%	0.04%
	HPE	B	0.11%	0.06%	0.06%
	HPQ	B	0.28%	0.09%	0.09%
	HRB	D	0.08%	0.06%	0.06%
	IBM	C	1.05%	0.54%	0.54%
	ICE	C	0.29%	0.06%	0.06%
	IFF	D	0.03%	0.06%	0.03%
	INCY	C	0.01%	0.09%	0.01%
	INTC	D	0.2%	0.43%	0.2%
	IP	B	0.09%	0.09%	0.09%
	IRM	D	0.12%	0.06%	0.06%
	ISRG	A	0.29%	0.08%	0.08%
	ITW	B	0.1%	0.25%	0.1%
	IVZ	B	0.03%	0.06%	0.03%
	JEF	A	0.03%	0.07%	0.03%
	JNJ	D	1.18%	1.26%	1.18%
	JNPR	F	0.13%	0.08%	0.08%
	K	A	0.15%	0.1%	0.1%
	KBR	F	0.02%	0.06%	0.02%
	KD	B	0.05%	0.06%	0.05%
	KEY	B	0.03%	0.08%	0.03%
	KHC	F	0.15%	0.1%	0.1%
	KKR	A	0.15%	0.07%	0.07%
	KLAC	D	0.23%	0.39%	0.23%
	KO	D	1.0%	0.05%	0.05%
	KR	B	0.38%	0.09%	0.09%
	L	A	0.06%	0.09%	0.06%
	LDOS	C	0.11%	0.04%	0.04%
	LEA	D	0.01%	0.06%	0.01%
	LHX	C	0.26%	0.12%	0.12%
	LLY	F	2.39%	2.9%	2.39%
	LMT	D	0.75%	0.38%	0.38%
	LOW	D	0.35%	0.48%	0.35%
	LYB	F	0.15%	0.08%	0.08%
	MA	C	0.28%	1.42%	0.28%
	MAA	B	0.02%	0.09%	0.02%
	MANH	D	0.03%	0.09%	0.03%
	MAR	B	0.04%	0.22%	0.04%
	MASI	A	0.03%	0.07%	0.03%
	MCD	D	0.53%	0.08%	0.08%
	MCK	B	0.63%	0.27%	0.27%
	MDLZ	F	0.23%	0.3%	0.23%
	MET	A	0.32%	0.15%	0.15%
	META	D	2.35%	3.83%	2.35%
	MHK	D	0.01%	0.06%	0.01%
	MKSI	C	0.01%	0.07%	0.01%
	MMC	B	0.2%	0.06%	0.06%
	MMM	D	0.6%	0.16%	0.16%
	MO	A	0.73%	0.27%	0.27%
	MPC	D	0.34%	0.21%	0.21%
	MRK	F	0.84%	1.14%	0.84%
	MS	A	0.22%	0.08%	0.08%
	MSCI	C	0.07%	0.11%	0.07%
	MSI	B	0.2%	0.19%	0.19%
	MTD	D	0.08%	0.09%	0.08%
	MTN	C	0.05%	0.06%	0.05%
	MU	D	0.16%	0.59%	0.16%
	NBIX	C	0.04%	0.08%	0.04%
	NEE	D	0.22%	0.07%	0.07%
	NFLX	A	0.52%	1.0%	0.52%
	NKE	D	0.06%	0.37%	0.06%
	NOC	D	0.35%	0.22%	0.22%
	NOW	A	0.36%	0.52%	0.36%
	NRG	B	0.07%	0.09%	0.07%
	NTAP	C	0.1%	0.06%	0.06%
	NTRS	A	0.03%	0.09%	0.03%
	NVDA	C	1.9%	0.81%	0.81%
	NWSA	B	0.04%	0.09%	0.04%
	OHI	C	0.02%	0.06%	0.02%
	OLN	D	0.04%	0.06%	0.04%
	ORCL	B	1.52%	1.37%	1.37%
	ORLY	B	0.2%	0.18%	0.18%
	OTIS	C	0.07%	0.11%	0.07%
	PANW	C	0.25%	0.07%	0.07%
	PEP	F	0.74%	0.82%	0.74%
	PFE	D	0.57%	0.5%	0.5%
	PFG	D	0.01%	0.1%	0.01%
	PG	A	1.01%	1.37%	1.01%
	PM	B	0.87%	0.55%	0.55%
	PSTG	D	0.04%	0.05%	0.04%
	PYPL	B	0.12%	0.22%	0.12%
	QCOM	F	0.77%	0.84%	0.77%
	QRVO	F	0.01%	0.08%	0.01%
	REGN	F	0.36%	0.4%	0.36%
	RHI	B	0.02%	0.06%	0.02%
	RL	B	0.03%	0.06%	0.03%
	RTX	C	0.22%	0.48%	0.22%
	SBUX	A	0.09%	0.06%	0.06%
	SCCO	F	0.0%	0.06%	0.0%
	SCHW	B	0.05%	0.07%	0.05%
	SCI	B	0.07%	0.07%	0.07%
	SF	B	0.02%	0.06%	0.02%
	SHW	A	0.22%	0.06%	0.06%
	SJM	D	0.04%	0.08%	0.04%
	SO	D	0.13%	0.06%	0.06%
	SPG	B	0.16%	0.14%	0.14%
	SPGI	C	0.29%	0.07%	0.07%
	SQ	B	0.06%	0.09%	0.06%
	SSNC	B	0.02%	0.09%	0.02%
	SYF	B	0.31%	0.09%	0.09%
	TDG	D	0.15%	0.05%	0.05%
	TER	D	0.03%	0.05%	0.03%
	TFC	A	0.09%	0.14%	0.09%
	TJX	A	0.37%	0.07%	0.07%
	TMO	F	0.28%	0.8%	0.28%
	TSN	B	0.18%	0.09%	0.09%
	TTWO	A	0.07%	0.06%	0.06%
	TXN	C	0.29%	0.08%	0.08%
	UBER	D	0.21%	0.51%	0.21%
	UNH	C	0.79%	0.09%	0.09%
	UNM	A	0.04%	0.06%	0.04%
	UNP	C	0.51%	0.07%	0.07%
	UTHR	C	0.19%	0.08%	0.08%
	V	A	0.31%	0.08%	0.08%
	VRSK	A	0.16%	0.1%	0.1%
	VRSN	F	0.04%	0.1%	0.04%
	VRTX	F	0.22%	0.43%	0.22%
	VTR	C	0.04%	0.05%	0.04%
	VTRS	A	0.14%	0.08%	0.08%
	WAB	B	0.05%	0.07%	0.05%
	WDC	D	0.08%	0.06%	0.06%
	WM	A	0.28%	0.32%	0.28%
	WMT	A	1.71%	1.74%	1.71%
	WTW	B	0.11%	0.07%	0.07%
	XOM	B	0.43%	0.1%	0.1%
	XPO	B	0.04%	0.08%	0.04%
	ZBRA	B	0.04%	0.09%	0.04%
	ZION	B	0.02%	0.06%	0.02%
	ZTS	D	0.05%	0.06%	0.05%

MFUS Overweight 573 Positions Relative to QRFT

	Symbol	Grade	Weight
	VZ	C	1.0%
	JPM	A	0.99%
	WFC	A	0.97%
	TGT	F	0.74%
	T	A	0.73%
	C	A	0.69%
	CVS	D	0.65%
	PGR	A	0.59%
	BAC	A	0.45%
	TMUS	B	0.43%
	AIG	B	0.34%
	CHTR	C	0.3%
	COF	B	0.29%
	THC	D	0.28%
	HCA	F	0.25%
	SFM	A	0.25%
	ANF	C	0.25%
	UPS	C	0.24%
	PLTR	B	0.23%
	PSX	C	0.23%
	PRU	A	0.23%
	VST	B	0.23%
	ADM	D	0.22%
	BBY	D	0.21%
	LII	A	0.21%
	AFL	B	0.21%
	GWW	B	0.21%
	TRV	B	0.2%
	CTAS	B	0.19%
	AMP	A	0.18%
	WSM	B	0.18%
	DECK	A	0.17%
	HWM	A	0.17%
	COR	B	0.17%
	BR	A	0.17%
	LRCX	F	0.17%
	WSO	A	0.17%
	NEM	D	0.16%
	AJG	B	0.16%
	RMD	C	0.16%
	DVA	B	0.16%
	MUSA	A	0.16%
	VLO	C	0.16%
	KMB	D	0.16%
	CASY	A	0.16%
	MCO	B	0.15%
	IT	C	0.15%
	PH	A	0.14%
	EVR	B	0.13%
	FAST	B	0.13%
	RSG	A	0.13%
	RPM	A	0.13%
	YUM	B	0.13%
	WELL	A	0.12%
	WBA	F	0.12%
	PNC	B	0.12%
	BRO	B	0.12%
	PWR	A	0.12%
	SYY	B	0.12%
	CW	B	0.11%
	GEN	B	0.11%
	CEG	D	0.11%
	KMI	A	0.11%
	TRGP	B	0.11%
	USB	A	0.11%
	CRS	A	0.11%
	ALSN	B	0.11%
	EFX	F	0.11%
	EXR	D	0.11%
	BWXT	B	0.11%
	TSCO	D	0.11%
	FOXA	B	0.11%
	PHM	D	0.1%
	OKE	A	0.1%
	PKG	A	0.1%
	JXN	C	0.1%
	WMB	A	0.1%
	JKHY	D	0.1%
	RCL	A	0.1%
	DFS	B	0.1%
	XYL	D	0.1%
	SEIC	B	0.09%
	AIZ	A	0.09%
	CPRT	A	0.09%
	TAP	C	0.09%
	MLI	C	0.09%
	EMR	A	0.09%
	IEX	B	0.09%
	DG	F	0.09%
	ARES	A	0.09%
	WCC	B	0.09%
	CALM	A	0.09%
	LSTR	D	0.09%
	IR	B	0.09%
	DLR	B	0.09%
	TROW	B	0.09%
	EHC	B	0.09%
	CACI	D	0.09%
	TMHC	B	0.09%
	NVR	D	0.09%
	URI	B	0.09%
	GPI	A	0.09%
	PSA	D	0.09%
	AEP	D	0.08%
	LPX	B	0.08%
	DKS	C	0.08%
	SLG	B	0.08%
	ECL	D	0.08%
	SRE	A	0.08%
	NUE	C	0.08%
	GPK	C	0.08%
	ABG	B	0.08%
	ATR	B	0.08%
	TYL	B	0.08%
	HLI	B	0.08%
	ITT	A	0.08%
	EQH	B	0.08%
	ROL	B	0.07%
	GLPI	C	0.07%
	EXC	C	0.07%
	LPLA	A	0.07%
	UFPI	B	0.07%
	JCI	C	0.07%
	EXP	A	0.07%
	CHD	B	0.07%
	CCI	D	0.07%
	BCC	B	0.07%
	INGR	B	0.07%
	POOL	C	0.07%
	NSC	B	0.07%
	D	C	0.07%
	MLM	B	0.07%
	SKYW	B	0.07%
	GEHC	F	0.07%
	GEO	B	0.07%
	CNX	A	0.07%
	VNO	B	0.07%
	THO	B	0.07%
	R	B	0.07%
	BALL	D	0.07%
	KDP	D	0.07%
	AEO	F	0.07%
	STE	F	0.07%
	MNST	C	0.07%
	HCC	B	0.07%
	STZ	D	0.06%
	G	B	0.06%
	VIRT	B	0.06%
	BC	C	0.06%
	TW	A	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%
	HIG	B	0.06%
	GNRC	B	0.06%
	CPT	B	0.06%
	BERY	B	0.06%
	KTB	B	0.06%
	CHE	D	0.06%
	MPWR	F	0.06%
	CCK	C	0.06%
	SLM	A	0.06%
	UHS	D	0.06%
	CMC	B	0.06%
	FCNCA	A	0.06%
	PEG	A	0.06%
	MTH	D	0.06%
	FIX	A	0.06%
	IBKR	A	0.06%
	LUMN	C	0.06%
	MAS	D	0.06%
	WU	D	0.06%
	PK	B	0.06%
	TXRH	C	0.06%
	DHI	D	0.06%
	TTC	D	0.06%
	AMG	B	0.06%
	AN	C	0.06%
	RGA	A	0.06%
	MSM	C	0.06%
	OMC	C	0.06%
	ROP	B	0.06%
	TOL	B	0.06%
	LEN	D	0.06%
	TDS	B	0.05%
	NFG	A	0.05%
	CNO	A	0.05%
	PRIM	A	0.05%
	FANG	D	0.05%
	FLEX	A	0.05%
	THG	A	0.05%
	AR	B	0.05%
	ETR	B	0.05%
	NSIT	F	0.05%
	LOPE	B	0.05%
	URBN	C	0.05%
	MOG.A	B	0.05%
	SUI	D	0.05%
	TGNA	B	0.05%
	A	D	0.05%
	WST	C	0.05%
	GNTX	C	0.05%
	NDAQ	A	0.05%
	CARR	D	0.05%
	CRI	D	0.05%
	USFD	A	0.05%
	SLGN	A	0.05%
	EIX	B	0.05%
	POST	C	0.05%
	COOP	B	0.05%
	TEX	D	0.05%
	LAMR	D	0.05%
	IDXX	F	0.05%
	CBT	C	0.05%
	GVA	A	0.05%
	NXST	C	0.05%
	HBI	B	0.05%
	WEN	D	0.05%
	FCN	D	0.05%
	MMS	F	0.05%
	HSY	F	0.05%
	WAT	B	0.05%
	SMCI	F	0.05%
	BTU	B	0.05%
	ED	D	0.05%
	O	D	0.05%
	MKC	D	0.05%
	SON	D	0.04%
	AVT	C	0.04%
	OSK	B	0.04%
	LANC	C	0.04%
	TKR	D	0.04%
	PPL	B	0.04%
	AWI	A	0.04%
	SEM	B	0.04%
	AMH	D	0.04%
	CXW	B	0.04%
	INVH	D	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%
	MTB	A	0.04%
	ULTA	F	0.04%
	PAYX	C	0.04%
	CPNG	D	0.04%
	RUSHA	C	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	BLDR	D	0.04%
	RGLD	C	0.04%
	CVLT	B	0.04%
	CUBE	D	0.04%
	WTM	A	0.04%
	PTC	A	0.04%
	OGN	D	0.04%
	BHF	B	0.04%
	ATI	D	0.04%
	IPG	D	0.04%
	STLD	B	0.04%
	MAC	B	0.04%
	CPB	D	0.04%
	GBX	A	0.04%
	HUBG	A	0.04%
	HEI	B	0.04%
	VLTO	D	0.04%
	SIG	B	0.04%
	MHO	D	0.04%
	GATX	A	0.04%
	CRBG	B	0.04%
	FITB	A	0.04%
	EME	C	0.04%
	JHG	A	0.04%
	CMA	A	0.04%
	RS	B	0.04%
	PPG	F	0.04%
	AROC	B	0.04%
	ABM	B	0.04%
	NDSN	B	0.04%
	ERIE	D	0.04%
	DCI	B	0.04%
	WERN	C	0.04%
	DOV	A	0.04%
	COKE	C	0.03%
	RRC	B	0.03%
	HXL	D	0.03%
	SBAC	D	0.03%
	DLTR	F	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%
	WPC	D	0.03%
	HAE	C	0.03%
	UNF	B	0.03%
	PINC	B	0.03%
	APAM	B	0.03%
	VC	D	0.03%
	MAN	D	0.03%
	DK	C	0.03%
	AMKR	D	0.03%
	COLD	D	0.03%
	LBRDK	C	0.03%
	DRI	B	0.03%
	BKE	B	0.03%
	FHI	A	0.03%
	MRO	B	0.03%
	LNC	B	0.03%
	AVTR	F	0.03%
	OMF	A	0.03%
	RPRX	D	0.03%
	BURL	A	0.03%
	X	C	0.03%
	UDR	B	0.03%
	PLXS	B	0.03%
	CDW	F	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%
	JBL	B	0.03%
	AVB	B	0.03%
	AVA	A	0.03%
	DBRG	F	0.03%
	CMS	C	0.03%
	LW	C	0.03%
	HSIC	B	0.03%
	COHR	B	0.03%
	FE	C	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%
	HBAN	A	0.03%
	HUBB	B	0.03%
	CPAY	A	0.03%
	MC	C	0.03%
	MATX	C	0.03%
	ES	D	0.03%
	TPX	B	0.03%
	NYT	C	0.03%
	BJ	A	0.03%
	MORN	B	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%
	EVRG	A	0.02%
	LAUR	A	0.02%
	UAL	A	0.02%
	KIM	A	0.02%
	AA	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%
	ATO	A	0.02%
	BEN	C	0.02%
	RF	A	0.02%
	WAL	B	0.02%
	AXTA	A	0.02%
	ANDE	D	0.02%
	SNV	B	0.02%
	NSP	D	0.02%
	HP	B	0.02%
	VFC	C	0.02%
	ODFL	B	0.02%
	HST	C	0.02%
	DNOW	B	0.02%
	DTE	C	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%
	HRL	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%
	LNT	A	0.02%
	JBLU	F	0.02%
	PFSI	D	0.02%
	VVV	F	0.02%
	THS	D	0.02%
	SKX	D	0.02%
	CC	C	0.02%
	DLB	B	0.02%
	NWL	B	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%
	SAM	C	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%
	CINF	A	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%
	CE	F	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%
	CCL	B	0.02%
	RYN	D	0.02%
	JBHT	C	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%
	WRB	A	0.02%
	NEU	C	0.02%
	GHC	C	0.02%
	STC	B	0.02%
	SVC	F	0.01%
	AAP	C	0.01%
	CPRI	F	0.01%
	NOV	C	0.01%
	KNX	B	0.01%
	RKT	F	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%
	RVTY	F	0.01%
	ARI	C	0.01%
	WOR	F	0.01%
	CNXN	C	0.01%
	SPR	D	0.01%
	CLF	F	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%
	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%
	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%
	FELE	B	0.01%
	DAN	D	0.01%
	WMK	C	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%
	WWD	B	0.01%
	TTEK	F	0.01%
	MUR	D	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%
	SLB	C	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 98 Positions Relative to QRFT

	Symbol	Grade	Weight
	MSFT	F	-9.23%
	GOOGL	C	-6.03%
	AMD	F	-0.9%
	CRM	B	-0.82%
	ABT	B	-0.63%
	INTU	C	-0.58%
	HON	B	-0.47%
	SYK	C	-0.46%
	MDT	D	-0.41%
	ADI	D	-0.4%
	BA	F	-0.38%
	DE	A	-0.37%
	SNPS	B	-0.32%
	MELI	D	-0.31%
	CDNS	B	-0.3%
	TT	A	-0.3%
	SHOP	B	-0.29%
	NXPI	D	-0.24%
	SPOT	B	-0.19%
	MRVL	B	-0.19%
	ABNB	C	-0.18%
	MRNA	F	-0.16%
	DXCM	D	-0.14%
	WDAY	B	-0.13%
	TSLA	B	-0.12%
	RBLX	C	-0.11%
	SNAP	C	-0.11%
	SNOW	C	-0.11%
	TDY	B	-0.1%
	ILMN	D	-0.1%
	CHKP	D	-0.1%
	DKNG	B	-0.1%
	OKTA	C	-0.09%
	TXT	D	-0.09%
	LIN	D	-0.09%
	EXPE	B	-0.09%
	LH	C	-0.09%
	ROK	B	-0.08%
	INSM	C	-0.08%
	WEST	C	-0.08%
	CYBR	B	-0.08%
	MEDP	D	-0.08%
	SWK	D	-0.08%
	MGM	D	-0.08%
	WING	D	-0.08%
	YUMC	C	-0.08%
	NTNX	A	-0.08%
	Z	A	-0.08%
	HUBS	A	-0.08%
	GRMN	B	-0.08%
	AMCR	D	-0.08%
	PLD	D	-0.07%
	TWLO	A	-0.07%
	PCOR	B	-0.07%
	HAS	D	-0.07%
	WIX	B	-0.07%
	DOCU	A	-0.07%
	ETN	A	-0.07%
	TOST	B	-0.07%
	AFG	A	-0.07%
	MNDY	C	-0.07%
	SRPT	D	-0.07%
	SNX	C	-0.07%
	GOLD	D	-0.07%
	GTLB	B	-0.06%
	FLS	B	-0.06%
	CNI	D	-0.06%
	MAT	D	-0.06%
	ETSY	D	-0.06%
	PINS	D	-0.06%
	WEX	D	-0.06%
	VOYA	B	-0.06%
	KEYS	A	-0.06%
	ROKU	D	-0.06%
	CIEN	B	-0.06%
	BRBR	A	-0.06%
	WSC	D	-0.06%
	EXAS	D	-0.06%
	AM	A	-0.06%
	BPMC	C	-0.06%
	ALV	C	-0.06%
	TD	F	-0.06%
	ORI	A	-0.06%
	ITCI	C	-0.06%
	EL	F	-0.06%
	TEAM	A	-0.06%
	BIO	D	-0.06%
	INFA	D	-0.06%
	FBIN	D	-0.06%
	JAZZ	B	-0.06%
	STT	A	-0.05%
	STX	D	-0.05%
	NET	B	-0.05%
	IOT	A	-0.05%
	LYFT	C	-0.05%
	ZBH	C	-0.05%
	ST	F	-0.05%
	CHX	C	-0.05%

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

QRFT: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Software - Infrastructure Semiconductors Diagnostics & Research Asset Management Diversified Industrials Drug Manufacturers - Major Business Services Internet Content & Information Aerospace & Defense Capital Markets Packaged Foods Banks - Regional - US Communication Equipment Medical Devices Restaurants Specialty Retail Credit Services Medical Instruments & Supplies

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Insurance Medicine Aerospace Electronics Semiconductor Cloud Computing Mobile Devices Biotechnology Banking Natural Gas Work From Home Telecommunications Biopharmaceutical Software Cloud Infrastructure Integrated Circuits