MFUS vs. RECS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Columbia Research Enhanced Core ETF (RECS)

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

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

393,572

Number of Holdings ^*

361

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	RECS
30 Days	2.73%	3.51%
60 Days	3.41%	5.75%
90 Days	5.38%	7.12%
12 Months	32.49%	35.12%

256 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in RECS	Overlap
AAPL	C	0.96%	8.2%	0.96%
ABBV	D	1.36%	0.55%	0.55%
ACI	C	0.01%	0.04%	0.01%
ACM	A	0.03%	0.06%	0.03%
ADBE	C	0.04%	0.52%	0.04%
ADM	D	0.22%	0.13%	0.13%
ADP	B	0.11%	0.52%	0.11%
AES	F	0.01%	0.07%	0.01%
AIZ	A	0.09%	0.06%	0.06%
ALL	A	0.26%	0.27%	0.26%
ALNY	D	0.06%	0.05%	0.05%
ALSN	B	0.11%	0.04%	0.04%
AMG	B	0.06%	0.03%	0.03%
AMGN	D	0.94%	0.29%	0.29%
AMH	D	0.04%	0.06%	0.04%
AMKR	D	0.03%	0.01%	0.01%
AMT	D	0.13%	0.48%	0.13%
AMZN	C	1.71%	4.7%	1.71%
ANET	C	0.14%	0.25%	0.14%
AOS	F	0.08%	0.04%	0.04%
APG	B	0.02%	0.04%	0.02%
APP	B	0.11%	0.21%	0.11%
ARMK	B	0.01%	0.04%	0.01%
AVTR	F	0.03%	0.08%	0.03%
AYI	B	0.1%	0.04%	0.04%
BAC	A	0.45%	1.67%	0.45%
BAX	D	0.04%	0.1%	0.04%
BDX	F	0.11%	0.41%	0.11%
BEN	C	0.02%	0.03%	0.02%
BIIB	F	0.07%	0.04%	0.04%
BK	A	0.18%	0.3%	0.18%
BKNG	A	0.42%	0.6%	0.42%
BLD	D	0.03%	0.04%	0.03%
BLDR	D	0.04%	0.09%	0.04%
BLK	C	0.19%	0.79%	0.19%
BMRN	D	0.01%	0.02%	0.01%
BMY	B	0.41%	0.73%	0.41%
BR	A	0.17%	0.11%	0.11%
BURL	A	0.03%	0.06%	0.03%
C	A	0.69%	0.7%	0.69%
CACI	D	0.09%	0.04%	0.04%
CAG	D	0.04%	0.06%	0.04%
CAH	B	0.27%	0.19%	0.19%
CAT	B	0.2%	0.81%	0.2%
CCL	B	0.02%	0.09%	0.02%
CE	F	0.02%	0.06%	0.02%
CI	F	0.13%	0.57%	0.13%
CL	D	0.35%	0.37%	0.35%
CLF	F	0.01%	0.04%	0.01%
CME	A	0.14%	0.44%	0.14%
CMI	A	0.14%	0.21%	0.14%
CNC	D	0.04%	0.2%	0.04%
CNM	D	0.01%	0.04%	0.01%
COKE	C	0.03%	0.03%	0.03%
COR	B	0.17%	0.25%	0.17%
CRBG	B	0.04%	0.04%	0.04%
CRI	D	0.05%	0.01%	0.01%
CROX	D	0.01%	0.02%	0.01%
CRUS	D	0.04%	0.01%	0.01%
CSCO	B	0.68%	0.56%	0.56%
CSL	C	0.02%	0.09%	0.02%
CSX	B	0.11%	0.29%	0.11%
CTAS	B	0.19%	0.32%	0.19%
CVX	A	0.39%	0.8%	0.39%
CW	B	0.11%	0.05%	0.05%
CWEN	C	0.01%	0.01%	0.01%
CWEN	C	0.01%	0.02%	0.01%
DCI	B	0.04%	0.04%	0.04%
DDS	B	0.03%	0.0%	0.0%
DECK	A	0.17%	0.1%	0.1%
DELL	C	0.03%	0.09%	0.03%
DHI	D	0.06%	0.17%	0.06%
DINO	D	0.01%	0.02%	0.01%
DKS	C	0.08%	0.04%	0.04%
DTE	C	0.02%	0.19%	0.02%
DTM	B	0.01%	0.03%	0.01%
EA	A	0.18%	0.1%	0.1%
EIX	B	0.05%	0.24%	0.05%
ELAN	D	0.01%	0.04%	0.01%
EME	C	0.04%	0.11%	0.04%
EQH	B	0.08%	0.08%	0.08%
ESAB	B	0.01%	0.03%	0.01%
ETR	B	0.05%	0.24%	0.05%
EVRG	A	0.02%	0.11%	0.02%
EWBC	A	0.02%	0.08%	0.02%
EXC	C	0.07%	0.29%	0.07%
EXEL	B	0.05%	0.02%	0.02%
EXP	A	0.07%	0.07%	0.07%
EXPD	D	0.11%	0.07%	0.07%
FANG	D	0.05%	0.1%	0.05%
FCNCA	A	0.06%	0.15%	0.06%
FFIV	B	0.06%	0.03%	0.03%
FHN	A	0.01%	0.06%	0.01%
FI	A	0.19%	0.66%	0.19%
FITB	A	0.04%	0.17%	0.04%
FIX	A	0.06%	0.07%	0.06%
FOXA	B	0.11%	0.02%	0.02%
FTI	A	0.04%	0.04%	0.04%
FTNT	C	0.07%	0.14%	0.07%
G	B	0.06%	0.03%	0.03%
GAP	C	0.06%	0.01%	0.01%
GEN	B	0.11%	0.04%	0.04%
GILD	C	0.87%	0.19%	0.19%
GIS	D	0.17%	0.17%	0.17%
GLPI	C	0.07%	0.07%	0.07%
GNRC	B	0.06%	0.04%	0.04%
H	B	0.01%	0.02%	0.01%
HCA	F	0.25%	0.4%	0.25%
HLT	A	0.1%	0.22%	0.1%
HOLX	D	0.03%	0.11%	0.03%
HPE	B	0.11%	0.07%	0.07%
HPQ	B	0.28%	0.09%	0.09%
HRB	D	0.08%	0.03%	0.03%
HST	C	0.02%	0.06%	0.02%
INCY	C	0.01%	0.02%	0.01%
INGR	B	0.07%	0.05%	0.05%
INVH	D	0.04%	0.11%	0.04%
ITT	A	0.08%	0.05%	0.05%
JEF	A	0.03%	0.07%	0.03%
JHG	A	0.04%	0.03%	0.03%
JLL	D	0.06%	0.06%	0.06%
JNJ	D	1.18%	2.34%	1.18%
JNPR	F	0.13%	0.03%	0.03%
JPM	A	0.99%	3.69%	0.99%
K	A	0.15%	0.1%	0.1%
KEX	C	0.02%	0.03%	0.02%
KHC	F	0.15%	0.13%	0.13%
KMB	D	0.16%	0.23%	0.16%
KR	B	0.38%	0.19%	0.19%
L	A	0.06%	0.08%	0.06%
LDOS	C	0.11%	0.09%	0.09%
LEA	D	0.01%	0.02%	0.01%
LECO	B	0.06%	0.05%	0.05%
LEN	D	0.06%	0.0%	0.0%
LEN	D	0.06%	0.14%	0.06%
LMT	D	0.75%	0.49%	0.49%
LNC	B	0.03%	0.03%	0.03%
LNW	D	0.02%	0.03%	0.02%
LPX	B	0.08%	0.05%	0.05%
LRCX	F	0.17%	0.23%	0.17%
LYB	F	0.15%	0.16%	0.15%
M	D	0.02%	0.01%	0.01%
MAN	D	0.03%	0.01%	0.01%
MANH	D	0.03%	0.04%	0.03%
MAS	D	0.06%	0.07%	0.06%
MCK	B	0.63%	0.51%	0.51%
MET	A	0.32%	0.25%	0.25%
META	D	2.35%	2.88%	2.35%
MHK	D	0.01%	0.03%	0.01%
MMC	B	0.2%	0.58%	0.2%
MMM	D	0.6%	0.3%	0.3%
MO	A	0.73%	0.47%	0.47%
MOS	F	0.01%	0.06%	0.01%
MPC	D	0.34%	0.16%	0.16%
MPWR	F	0.06%	0.06%	0.06%
MRO	B	0.03%	0.05%	0.03%
MSA	D	0.02%	0.02%	0.02%
MSI	B	0.2%	0.2%	0.2%
MSM	C	0.06%	0.02%	0.02%
MTD	D	0.08%	0.15%	0.08%
MTG	C	0.02%	0.03%	0.02%
NBIX	C	0.04%	0.02%	0.02%
NEU	C	0.02%	0.02%	0.02%
NI	A	0.02%	0.12%	0.02%
NNN	D	0.01%	0.04%	0.01%
NOW	A	0.36%	0.5%	0.36%
NTAP	C	0.1%	0.06%	0.06%
NUE	C	0.08%	0.27%	0.08%
NVDA	C	1.9%	8.6%	1.9%
NVR	D	0.09%	0.08%	0.08%
NWSA	B	0.04%	0.03%	0.03%
NYT	C	0.03%	0.02%	0.02%
OC	A	0.02%	0.07%	0.02%
OGN	D	0.04%	0.02%	0.02%
OLN	D	0.04%	0.04%	0.04%
OTIS	C	0.07%	0.17%	0.07%
PANW	C	0.25%	0.28%	0.25%
PAYX	C	0.04%	0.19%	0.04%
PG	A	1.01%	1.98%	1.01%
PH	A	0.14%	0.38%	0.14%
PHM	D	0.1%	0.09%	0.09%
PINC	B	0.03%	0.01%	0.01%
PK	B	0.06%	0.02%	0.02%
PKG	A	0.1%	0.17%	0.1%
PLTR	B	0.23%	0.33%	0.23%
PM	B	0.87%	1.01%	0.87%
PPC	C	0.01%	0.01%	0.01%
PPG	F	0.04%	0.22%	0.04%
PRU	A	0.23%	0.24%	0.23%
PSTG	D	0.04%	0.04%	0.04%
PSX	C	0.23%	0.16%	0.16%
PVH	C	0.02%	0.02%	0.02%
PYPL	B	0.12%	0.45%	0.12%
QCOM	F	0.77%	0.42%	0.42%
QRVO	F	0.01%	0.02%	0.01%
R	B	0.07%	0.03%	0.03%
RCL	A	0.1%	0.19%	0.1%
REGN	F	0.36%	0.15%	0.15%
RGA	A	0.06%	0.08%	0.06%
RHI	B	0.02%	0.03%	0.02%
RL	B	0.03%	0.03%	0.03%
RPM	A	0.13%	0.13%	0.13%
RPRX	D	0.03%	0.06%	0.03%
RS	B	0.04%	0.14%	0.04%
RYN	D	0.02%	0.02%	0.02%
SAIC	F	0.01%	0.03%	0.01%
SAM	C	0.02%	0.01%	0.01%
SBAC	D	0.03%	0.12%	0.03%
SEB	F	0.01%	0.0%	0.0%
SEIC	B	0.09%	0.04%	0.04%
SF	B	0.02%	0.06%	0.02%
SKX	D	0.02%	0.03%	0.02%
SLM	A	0.06%	0.03%	0.03%
SMG	D	0.04%	0.02%	0.02%
SON	D	0.04%	0.04%	0.04%
SPG	B	0.16%	0.31%	0.16%
SSNC	B	0.02%	0.07%	0.02%
STLD	B	0.04%	0.16%	0.04%
SYF	B	0.31%	0.14%	0.14%
T	A	0.73%	0.37%	0.37%
TAP	C	0.09%	0.05%	0.05%
TGT	F	0.74%	0.27%	0.27%
THC	D	0.28%	0.09%	0.09%
THO	B	0.07%	0.02%	0.02%
TJX	A	0.37%	0.48%	0.37%
TMO	F	0.28%	1.23%	0.28%
TOL	B	0.06%	0.05%	0.05%
TPR	B	0.01%	0.04%	0.01%
TROW	B	0.09%	0.14%	0.09%
TXRH	C	0.06%	0.04%	0.04%
UAL	A	0.02%	0.14%	0.02%
UBER	D	0.21%	0.6%	0.21%
UGI	A	0.01%	0.04%	0.01%
UNM	A	0.04%	0.07%	0.04%
UNP	C	0.51%	0.61%	0.51%
UPS	C	0.24%	0.41%	0.24%
UTHR	C	0.19%	0.03%	0.03%
VIRT	B	0.06%	0.02%	0.02%
VLO	C	0.16%	0.13%	0.13%
VRSN	F	0.04%	0.04%	0.04%
VRTX	F	0.22%	0.21%	0.21%
VST	B	0.23%	0.4%	0.23%
VTRS	A	0.14%	0.1%	0.1%
WAB	B	0.05%	0.15%	0.05%
WCC	B	0.09%	0.04%	0.04%
WFC	A	0.97%	1.38%	0.97%
WH	B	0.04%	0.02%	0.02%
WM	A	0.28%	0.37%	0.28%
WPC	D	0.03%	0.06%	0.03%
WSM	B	0.18%	0.08%	0.08%
WTFC	A	0.01%	0.04%	0.01%
WTW	B	0.11%	0.17%	0.11%
WU	D	0.06%	0.02%	0.02%
XOM	B	0.43%	1.56%	0.43%
XRAY	F	0.02%	0.02%	0.02%
ZION	B	0.02%	0.05%	0.02%

MFUS Overweight 561 Positions Relative to RECS

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
WMT	A	1.71%
AVGO	D	1.59%
ORCL	B	1.52%
COST	B	1.35%
IBM	C	1.05%
VZ	C	1.0%
KO	D	1.0%
MRK	F	0.84%
UNH	C	0.79%
PEP	F	0.74%
CVS	D	0.65%
HD	A	0.62%
PGR	A	0.59%
PFE	D	0.57%
GE	D	0.56%
AMAT	F	0.55%
MCD	D	0.53%
NFLX	A	0.52%
TMUS	B	0.43%
GS	A	0.41%
GM	B	0.4%
EBAY	D	0.36%
LOW	D	0.35%
NOC	D	0.35%
AIG	B	0.34%
V	A	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
TXN	C	0.29%
COF	B	0.29%
SPGI	C	0.29%
MA	C	0.28%
AZO	C	0.28%
LHX	C	0.26%
FICO	B	0.25%
ACN	C	0.25%
SFM	A	0.25%
ANF	C	0.25%
DHR	F	0.24%
GD	F	0.24%
AON	A	0.24%
KLAC	D	0.23%
AXP	A	0.23%
MDLZ	F	0.23%
RTX	C	0.22%
SHW	A	0.22%
NEE	D	0.22%
MS	A	0.22%
BBY	D	0.21%
LII	A	0.21%
AFL	B	0.21%
GWW	B	0.21%
GLW	B	0.2%
INTC	D	0.2%
TRV	B	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CMG	B	0.2%
TSN	B	0.18%
AMP	A	0.18%
HWM	A	0.17%
WSO	A	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	B	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
CMCSA	B	0.16%
CASY	A	0.16%
VRSK	A	0.16%
TDG	D	0.15%
MCO	B	0.15%
BAH	F	0.15%
IT	C	0.15%
KKR	A	0.15%
CHRW	C	0.14%
BX	A	0.13%
SO	D	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
DUK	C	0.13%
RSG	A	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
PNC	B	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
SYY	B	0.12%
APH	A	0.12%
CLX	B	0.12%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
USB	A	0.11%
CRS	A	0.11%
DASH	A	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
TSCO	D	0.11%
OKE	A	0.1%
COIN	C	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
JKHY	D	0.1%
DFS	B	0.1%
XYL	D	0.1%
TFC	A	0.09%
DGX	A	0.09%
CPRT	A	0.09%
MLI	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
ARES	A	0.09%
CALM	A	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	B	0.09%
ADSK	A	0.09%
IP	B	0.09%
EHC	B	0.09%
TMHC	B	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
BKR	B	0.08%
AEP	D	0.08%
WDC	D	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
HLI	B	0.08%
ROL	B	0.07%
MSCI	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	B	0.07%
JCI	C	0.07%
CHD	B	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	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%
NRG	B	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	F	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
BC	C	0.06%
TW	A	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
NKE	D	0.06%
HIG	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
CCK	C	0.06%
UHS	D	0.06%
CMC	B	0.06%
PEG	A	0.06%
MTH	D	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
SQ	B	0.06%
TTC	D	0.06%
AN	C	0.06%
OMC	C	0.06%
ROP	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%
SUI	D	0.05%
TGNA	B	0.05%
A	D	0.05%
WST	C	0.05%
GNTX	C	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	0.05%
CARR	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
IDXX	F	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
ALLY	C	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%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
CXW	B	0.04%
ESS	B	0.04%
JWN	C	0.04%
CTVA	C	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
ELS	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	D	0.04%
CFG	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	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%
ZBRA	B	0.04%
GATX	A	0.04%
HOOD	B	0.04%
CMA	A	0.04%
AROC	B	0.04%
ABM	B	0.04%
NDSN	B	0.04%
ERIE	D	0.04%
WERN	C	0.04%
DOV	A	0.04%
MAR	B	0.04%
RRC	B	0.03%
HXL	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%
KEY	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	D	0.03%
DK	C	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
BKE	B	0.03%
FHI	A	0.03%
OMF	A	0.03%
X	C	0.03%
NTRS	A	0.03%
TER	D	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%
IFF	D	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%
GGG	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
HBAN	A	0.03%
IVZ	B	0.03%
HUBB	B	0.03%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	A	0.03%
ES	D	0.03%
TPX	B	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%
LEG	F	0.02%
TTMI	B	0.02%
VSH	D	0.02%
LAUR	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%
RF	A	0.02%
WAL	B	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
DOW	F	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	0.02%
DNOW	B	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	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%
PNR	A	0.02%
EPC	D	0.02%
MAA	B	0.02%
LNT	A	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%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	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%
CTLT	B	0.02%
PSN	D	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	0.02%
CINF	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%
AKAM	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
TFX	F	0.02%
GEF	A	0.02%
WRB	A	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%
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%
GIII	D	0.01%
ECPG	B	0.01%
ALEX	C	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
MKSI	C	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	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%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
OMI	F	0.01%
FDP	B	0.01%
PFG	D	0.01%
SIGI	C	0.01%
WAFD	B	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
CFR	B	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%
DXC	B	0.01%
IDCC	A	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	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%
PSMT	C	0.01%
ALGN	D	0.01%
ADC	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	C	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%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 105 Positions Relative to RECS

Symbol	Grade	Weight
MSFT	F	-7.47%
GOOGL	C	-2.33%
GOOG	C	-1.97%
CRM	B	-0.74%
MDT	D	-0.68%
DIS	B	-0.48%
EQIX	A	-0.45%
INTU	C	-0.43%
TT	A	-0.41%
PCG	A	-0.34%
XEL	A	-0.29%
FDX	B	-0.28%
PCAR	B	-0.25%
EOG	A	-0.23%
VRT	B	-0.21%
CRWD	B	-0.2%
DAL	C	-0.18%
AEE	A	-0.18%
SPOT	B	-0.16%
CSGP	D	-0.16%
ROST	C	-0.16%
RJF	A	-0.16%
STT	A	-0.15%
GPN	B	-0.15%
ZBH	C	-0.14%
TTD	B	-0.13%
CF	B	-0.13%
LULU	C	-0.13%
FTV	C	-0.11%
WY	D	-0.11%
CBOE	B	-0.11%
DDOG	A	-0.1%
OXY	D	-0.1%
EG	C	-0.09%
CVNA	B	-0.09%
TEAM	A	-0.09%
ARE	D	-0.09%
EXPE	B	-0.08%
SNA	A	-0.08%
SWK	D	-0.06%
CTRA	B	-0.06%
BG	F	-0.06%
QGEN	D	-0.06%
LVS	C	-0.06%
SOLV	C	-0.06%
BRX	A	-0.05%
MEDP	D	-0.05%
BRBR	A	-0.05%
GL	B	-0.05%
ZM	B	-0.05%
NTRA	B	-0.04%
AXS	A	-0.04%
DOCU	A	-0.04%
NTNX	A	-0.04%
PINS	D	-0.04%
ZS	C	-0.04%
JAZZ	B	-0.04%
OZK	B	-0.03%
ASH	D	-0.03%
MGM	D	-0.03%
MIDD	C	-0.03%
SWKS	F	-0.03%
WLK	D	-0.03%
WYNN	D	-0.03%
COLB	A	-0.03%
STAG	F	-0.03%
FLS	B	-0.03%
XP	F	-0.03%
DBX	B	-0.02%
AZTA	D	-0.02%
CIVI	D	-0.02%
GTLB	B	-0.02%
EPR	D	-0.02%
LSCC	D	-0.02%
HIW	D	-0.02%
EXAS	D	-0.02%
MTCH	D	-0.02%
WFRD	D	-0.02%
SMAR	A	-0.02%
GTES	A	-0.02%
ROKU	D	-0.02%
BILL	A	-0.02%
MRNA	F	-0.02%
CIEN	B	-0.02%
SNX	C	-0.02%
KRC	C	-0.02%
EEFT	B	-0.02%
PRGO	B	-0.02%
CNA	B	-0.01%
APLS	D	-0.01%
ALGM	D	-0.01%
RARE	D	-0.01%
REYN	D	-0.01%
ADTN	A	-0.01%
NWS	B	-0.01%
ROIV	C	-0.01%
COLM	B	-0.01%
IONS	F	-0.01%
PEGA	A	-0.01%
VKTX	F	-0.01%
TNL	A	-0.01%
PATH	C	-0.01%
FOX	A	-0.01%
SRPT	D	-0.01%
PLTK	B	-0.0%