MFUS vs. REVS ETF Comparison

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

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

$50.22

Average Daily Volume

7,364

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

REVS

Columbia Research Enhanced Value ETF

REVS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Value Index. The fund invests at least 80% of its assets in the securities of the index. The index reflects a rules-based strategic beta approach to investing in the companies that comprise the Russell 1000® Value Index, designed to achieve stronger total return when compared to the Russell 1000® Value Index, which is a broad measure of the performance of U.S. large- and mid-cap value companies.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

11,169

Number of Holdings ^*

301

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	REVS
30 Days	3.10%	3.61%
60 Days	4.82%	5.09%
90 Days	5.74%	8.83%
12 Months	28.93%	24.09%

214 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in REVS	Overlap
	ABBV	C	1.34%	0.83%	0.83%
	ACI	F	0.01%	0.1%	0.01%
	ACM	B	0.04%	0.15%	0.04%
	ADM	D	0.32%	0.37%	0.32%
	ADP	B	0.09%	0.09%	0.09%
	AES	C	0.03%	0.21%	0.03%
	AIZ	B	0.07%	0.1%	0.07%
	ALL	B	0.36%	0.41%	0.36%
	ALSN	B	0.08%	0.09%	0.08%
	AMAT	D	0.44%	0.2%	0.2%
	AMG	C	0.05%	0.05%	0.05%
	AMGN	B	1.03%	0.16%	0.16%
	AMH	C	0.04%	0.19%	0.04%
	AMKR	F	0.03%	0.05%	0.03%
	AOS	D	0.11%	0.11%	0.11%
	AVTR	B	0.03%	0.24%	0.03%
	AYI	B	0.07%	0.09%	0.07%
	AZO	D	0.3%	0.06%	0.06%
	BAC	D	0.39%	2.69%	0.39%
	BAX	C	0.04%	0.27%	0.04%
	BEN	F	0.04%	0.05%	0.04%
	BIIB	F	0.08%	0.12%	0.08%
	BK	B	0.27%	0.5%	0.27%
	BKNG	C	0.47%	0.1%	0.1%
	BLD	D	0.03%	0.13%	0.03%
	BLDR	C	0.04%	0.22%	0.04%
	BMRN	F	0.02%	0.07%	0.02%
	BMY	C	0.28%	1.32%	0.28%
	BR	D	0.16%	0.03%	0.03%
	C	C	1.22%	1.12%	1.12%
	CACI	B	0.09%	0.12%	0.09%
	CAG	C	0.05%	0.2%	0.05%
	CAH	C	0.35%	0.15%	0.15%
	CAT	B	0.41%	1.63%	0.41%
	CCL	C	0.05%	0.2%	0.05%
	CE	F	0.07%	0.15%	0.07%
	CI	C	0.14%	1.21%	0.14%
	CL	D	0.33%	0.5%	0.33%
	CMCSA	D	0.24%	1.08%	0.24%
	CME	C	0.2%	0.8%	0.2%
	CMI	C	0.11%	0.47%	0.11%
	CNM	F	0.01%	0.02%	0.01%
	COKE	C	0.03%	0.1%	0.03%
	CRBG	D	0.04%	0.07%	0.04%
	CRI	D	0.06%	0.03%	0.03%
	CRM	D	0.35%	0.55%	0.35%
	CRUS	D	0.05%	0.11%	0.05%
	CSCO	C	0.42%	3.11%	0.42%
	CSL	B	0.01%	0.19%	0.01%
	CSX	D	0.08%	0.76%	0.08%
	CTAS	B	0.18%	0.04%	0.04%
	CTRA	D	0.02%	0.1%	0.02%
	CVX	D	0.79%	1.48%	0.79%
	CW	B	0.08%	0.13%	0.08%
	CWEN	C	0.01%	0.04%	0.01%
	CWEN	C	0.01%	0.02%	0.01%
	DCI	C	0.04%	0.1%	0.04%
	DDS	F	0.03%	0.01%	0.01%
	DELL	D	0.05%	0.36%	0.05%
	DINO	F	0.03%	0.05%	0.03%
	DKS	D	0.09%	0.14%	0.09%
	EA	D	0.09%	0.27%	0.09%
	EBAY	B	0.34%	0.38%	0.34%
	EME	B	0.03%	0.12%	0.03%
	EOG	D	0.11%	0.42%	0.11%
	EQIX	C	0.03%	1.09%	0.03%
	ESAB	C	0.01%	0.06%	0.01%
	EVRG	B	0.01%	0.24%	0.01%
	EWBC	D	0.02%	0.11%	0.02%
	EXC	C	0.12%	0.7%	0.12%
	EXEL	C	0.02%	0.0%	0.0%
	EXP	B	0.05%	0.03%	0.03%
	EXPD	C	0.07%	0.17%	0.07%
	FANG	D	0.04%	0.19%	0.04%
	FCNCA	D	0.05%	0.22%	0.05%
	FFIV	B	0.04%	0.19%	0.04%
	FHN	D	0.01%	0.08%	0.01%
	FITB	B	0.05%	0.28%	0.05%
	FLS	D	0.02%	0.07%	0.02%
	FOXA	B	0.08%	0.07%	0.07%
	FTI	D	0.1%	0.06%	0.06%
	FTNT	C	0.06%	0.14%	0.06%
	G	C	0.05%	0.08%	0.05%
	GAP	F	0.07%	0.05%	0.05%
	GILD	B	0.78%	0.4%	0.4%
	GIS	B	0.11%	0.54%	0.11%
	GLPI	C	0.07%	0.19%	0.07%
	GNRC	D	0.04%	0.05%	0.04%
	HCA	B	0.13%	0.76%	0.13%
	HLT	B	0.08%	0.32%	0.08%
	HOLX	B	0.03%	0.25%	0.03%
	HPE	D	0.2%	0.34%	0.2%
	HPQ	D	0.27%	0.39%	0.27%
	HRB	C	0.09%	0.09%	0.09%
	HST	C	0.02%	0.16%	0.02%
	INCY	C	0.01%	0.04%	0.01%
	INGR	B	0.06%	0.11%	0.06%
	INVH	C	0.06%	0.31%	0.06%
	JAZZ	D	0.01%	0.09%	0.01%
	JHG	B	0.03%	0.05%	0.03%
	JLL	B	0.05%	0.12%	0.05%
	JNJ	C	1.03%	5.4%	1.03%
	JNPR	B	0.13%	0.19%	0.13%
	JPM	D	0.9%	4.68%	0.9%
	K	B	0.1%	0.27%	0.1%
	KEX	C	0.01%	0.08%	0.01%
	KHC	C	0.16%	0.4%	0.16%
	KMB	D	0.16%	0.38%	0.16%
	KR	C	0.34%	0.45%	0.34%
	L	C	0.08%	0.14%	0.08%
	LDOS	B	0.08%	0.24%	0.08%
	LEA	F	0.03%	0.07%	0.03%
	LECO	F	0.08%	0.08%	0.08%
	LEN	B	0.08%	0.02%	0.02%
	LEN	B	0.08%	0.54%	0.08%
	LMT	C	0.52%	0.96%	0.52%
	LNC	D	0.05%	0.05%	0.05%
	LPX	B	0.06%	0.03%	0.03%
	LYB	D	0.21%	0.37%	0.21%
	M	F	0.04%	0.05%	0.04%
	MAS	B	0.06%	0.2%	0.06%
	MCK	F	0.51%	0.51%	0.51%
	MET	B	0.36%	0.44%	0.36%
	MHK	C	0.01%	0.1%	0.01%
	MMC	C	0.19%	0.98%	0.19%
	MMM	B	0.41%	0.67%	0.41%
	MO	C	0.52%	1.2%	0.52%
	MOS	F	0.04%	0.12%	0.04%
	MPC	F	0.64%	0.36%	0.36%
	MRO	C	0.1%	0.09%	0.09%
	MSA	D	0.03%	0.07%	0.03%
	MSI	B	0.15%	0.6%	0.15%
	MTD	D	0.08%	0.4%	0.08%
	MTG	B	0.04%	0.07%	0.04%
	NEU	D	0.03%	0.06%	0.03%
	NTAP	D	0.08%	0.21%	0.08%
	NUE	F	0.08%	0.5%	0.08%
	NVR	B	0.07%	0.34%	0.07%
	NWSA	D	0.06%	0.07%	0.06%
	NYT	C	0.05%	0.06%	0.05%
	OC	D	0.07%	0.16%	0.07%
	OGN	D	0.08%	0.07%	0.07%
	OKTA	F	0.03%	0.1%	0.03%
	OLN	D	0.04%	0.07%	0.04%
	OTIS	C	0.07%	0.43%	0.07%
	PAYX	C	0.03%	0.32%	0.03%
	PCAR	D	0.08%	0.57%	0.08%
	PHM	B	0.17%	0.35%	0.17%
	PINC	C	0.02%	0.03%	0.02%
	PK	D	0.06%	0.04%	0.04%
	PKG	B	0.05%	0.28%	0.05%
	PM	C	0.56%	2.59%	0.56%
	PPG	D	0.04%	0.44%	0.04%
	PRU	C	0.25%	0.41%	0.25%
	PSTG	F	0.03%	0.03%	0.03%
	PSX	F	0.54%	0.33%	0.33%
	PVH	F	0.04%	0.07%	0.04%
	QCOM	D	0.62%	0.18%	0.18%
	QRVO	F	0.01%	0.16%	0.01%
	R	A	0.06%	0.07%	0.06%
	REGN	C	0.45%	0.44%	0.44%
	RGA	C	0.05%	0.14%	0.05%
	RJF	C	0.01%	0.22%	0.01%
	RL	C	0.04%	0.08%	0.04%
	ROST	C	0.07%	0.48%	0.07%
	RPM	B	0.11%	0.18%	0.11%
	RPRX	C	0.03%	0.15%	0.03%
	RS	D	0.08%	0.23%	0.08%
	RYN	C	0.02%	0.06%	0.02%
	SAIC	C	0.01%	0.08%	0.01%
	SAM	F	0.02%	0.03%	0.02%
	SBAC	C	0.03%	0.36%	0.03%
	SEB	D	0.04%	0.01%	0.01%
	SEIC	C	0.07%	0.07%	0.07%
	SF	A	0.01%	0.08%	0.01%
	SKX	D	0.02%	0.1%	0.02%
	SLM	D	0.06%	0.04%	0.04%
	SMG	C	0.04%	0.04%	0.04%
	SON	C	0.04%	0.08%	0.04%
	SPG	B	0.15%	0.55%	0.15%
	STLD	F	0.04%	0.24%	0.04%
	SYF	C	0.29%	0.19%	0.19%
	T	C	1.23%	1.1%	1.1%
	TAP	D	0.08%	0.12%	0.08%
	TER	D	0.03%	0.03%	0.03%
	TGT	C	0.68%	0.87%	0.68%
	THC	A	0.27%	0.2%	0.2%
	THO	D	0.06%	0.06%	0.06%
	TJX	B	0.34%	0.69%	0.34%
	TOL	B	0.1%	0.18%	0.1%
	TPR	C	0.01%	0.12%	0.01%
	TROW	D	0.08%	0.23%	0.08%
	UAL	C	0.01%	0.19%	0.01%
	UNM	B	0.1%	0.1%	0.1%
	UNP	C	0.48%	0.93%	0.48%
	UPS	D	0.19%	1.1%	0.19%
	UTHR	C	0.16%	0.06%	0.06%
	VIRT	C	0.05%	0.03%	0.03%
	VLO	F	0.54%	0.28%	0.28%
	VRSN	D	0.04%	0.23%	0.04%
	VRTX	D	0.21%	0.25%	0.21%
	VTRS	D	0.13%	0.17%	0.13%
	WAB	B	0.04%	0.33%	0.04%
	WCC	D	0.08%	0.08%	0.08%
	WFC	D	1.4%	1.91%	1.4%
	WH	B	0.03%	0.07%	0.03%
	WPC	C	0.05%	0.19%	0.05%
	WSM	D	0.21%	0.09%	0.09%
	WTFC	B	0.01%	0.07%	0.01%
	WTW	C	0.05%	0.29%	0.05%
	WU	F	0.08%	0.03%	0.03%
	XOM	C	0.99%	3.09%	0.99%
	XRAY	D	0.04%	0.07%	0.04%
	ZION	D	0.03%	0.07%	0.03%

MFUS Overweight 568 Positions Relative to REVS

	Symbol	Grade	Weight
	LLY	C	2.48%
	META	B	2.02%
	BRK.A	C	2.01%
	WMT	C	1.87%
	NVDA	D	1.6%
	AVGO	C	1.34%
	IBM	B	1.32%
	AMZN	C	1.27%
	COST	B	1.21%
	GOOGL	D	1.17%
	ORCL	C	1.13%
	GE	B	1.09%
	VZ	B	1.01%
	PG	C	0.88%
	MRK	D	0.87%
	V	C	0.86%
	CVS	D	0.8%
	MA	B	0.79%
	AAPL	C	0.67%
	PEP	C	0.62%
	KO	C	0.6%
	GM	C	0.56%
	PFE	C	0.53%
	PGR	B	0.5%
	GS	C	0.45%
	NFLX	B	0.44%
	AIG	D	0.42%
	COF	B	0.42%
	MCD	B	0.4%
	HD	B	0.39%
	NOW	B	0.37%
	INTC	F	0.36%
	F	F	0.33%
	TRV	C	0.32%
	TMUS	C	0.31%
	COP	D	0.3%
	ICE	C	0.29%
	DHR	B	0.27%
	LRCX	F	0.27%
	VST	C	0.26%
	INTU	C	0.26%
	ANF	D	0.26%
	PANW	D	0.25%
	BBY	C	0.24%
	CHTR	D	0.24%
	LII	B	0.23%
	NOC	B	0.23%
	LOW	B	0.23%
	WM	D	0.23%
	BX	B	0.23%
	KLAC	D	0.23%
	MDLZ	B	0.22%
	CMG	C	0.22%
	TSN	C	0.22%
	FICO	B	0.22%
	SHW	B	0.21%
	TXN	C	0.21%
	UBER	C	0.21%
	DD	B	0.21%
	GLW	C	0.2%
	WSO	C	0.2%
	VRSK	D	0.2%
	BSX	B	0.19%
	AXP	B	0.19%
	LHX	C	0.19%
	ACN	C	0.19%
	CPRT	D	0.19%
	SFM	B	0.19%
	AFL	C	0.19%
	AON	B	0.19%
	DVA	B	0.18%
	DPZ	F	0.18%
	ETN	C	0.18%
	ORLY	C	0.18%
	DECK	C	0.17%
	MUSA	D	0.17%
	GD	B	0.17%
	GWW	B	0.17%
	IT	B	0.16%
	CB	B	0.16%
	SCHW	D	0.16%
	BKR	C	0.16%
	MU	F	0.15%
	EMR	D	0.15%
	CASY	D	0.15%
	CLX	C	0.15%
	WDC	D	0.15%
	TDG	B	0.15%
	BAH	C	0.14%
	WBA	F	0.14%
	SMCI	F	0.14%
	KKR	B	0.13%
	RSG	D	0.13%
	RMD	C	0.13%
	PWR	B	0.13%
	BRO	C	0.13%
	TRGP	B	0.13%
	PH	B	0.13%
	DUK	C	0.13%
	EVR	A	0.12%
	WELL	C	0.12%
	IP	B	0.12%
	CARR	B	0.12%
	HWM	B	0.12%
	STE	C	0.12%
	ANET	B	0.12%
	XYL	C	0.11%
	USB	B	0.11%
	MAR	C	0.11%
	IRM	C	0.11%
	GPK	B	0.1%
	PNC	B	0.1%
	AVY	C	0.1%
	YUM	D	0.1%
	APH	D	0.1%
	JKHY	B	0.1%
	APO	C	0.1%
	ALLY	F	0.1%
	FAST	C	0.1%
	CRS	B	0.1%
	GPI	B	0.09%
	ERIE	B	0.09%
	USFD	B	0.09%
	AEO	F	0.09%
	ADSK	C	0.09%
	SLB	F	0.09%
	JXN	A	0.09%
	IR	C	0.09%
	CHRW	B	0.09%
	BDX	D	0.09%
	TFC	C	0.09%
	DASH	C	0.09%
	FCX	D	0.09%
	CEG	C	0.09%
	ARES	B	0.09%
	AJG	D	0.09%
	URI	B	0.09%
	EFX	B	0.09%
	UHS	B	0.09%
	GDDY	C	0.09%
	NEM	B	0.09%
	DFS	B	0.08%
	HLI	B	0.08%
	MKC	C	0.08%
	TYL	C	0.08%
	FIS	B	0.08%
	MTH	A	0.08%
	WMB	B	0.08%
	AMP	A	0.08%
	OKE	B	0.08%
	ITT	B	0.08%
	ECL	B	0.08%
	RCL	B	0.08%
	EHC	C	0.08%
	LUMN	C	0.08%
	BWXT	D	0.08%
	ITW	C	0.08%
	TMHC	A	0.08%
	KMI	B	0.08%
	IEX	D	0.08%
	AN	D	0.08%
	ELV	C	0.08%
	MPWR	C	0.08%
	DLR	B	0.08%
	HUBB	B	0.08%
	LSTR	D	0.08%
	PNR	B	0.08%
	CHD	D	0.07%
	JBL	D	0.07%
	ABG	D	0.07%
	POOL	C	0.07%
	ARW	C	0.07%
	CMC	D	0.07%
	CALM	A	0.07%
	SLG	B	0.07%
	TSCO	C	0.07%
	CCK	A	0.07%
	OSK	F	0.07%
	FCN	D	0.07%
	EQH	C	0.07%
	LPLA	D	0.07%
	NRG	C	0.07%
	ATR	B	0.07%
	SYY	D	0.07%
	IPG	C	0.07%
	TTC	D	0.07%
	TTWO	C	0.07%
	EXR	B	0.07%
	MSCI	C	0.07%
	BALL	C	0.07%
	MMS	C	0.06%
	TPX	C	0.06%
	MNST	D	0.06%
	BERY	B	0.06%
	KD	D	0.06%
	VNO	B	0.06%
	MSM	D	0.06%
	HIG	B	0.06%
	SBUX	C	0.06%
	HCC	F	0.06%
	EMN	B	0.06%
	KSS	F	0.06%
	IDXX	C	0.06%
	CPT	B	0.06%
	CHE	C	0.06%
	BCC	B	0.06%
	BC	C	0.06%
	MLM	D	0.06%
	OMC	B	0.06%
	HSY	C	0.06%
	TEX	F	0.06%
	NSIT	D	0.06%
	X	F	0.06%
	SCI	B	0.06%
	ROP	C	0.06%
	SPGI	B	0.06%
	SEE	D	0.06%
	GNTX	F	0.06%
	VMC	D	0.06%
	CFG	C	0.06%
	PBF	F	0.06%
	COIN	F	0.06%
	MLI	A	0.06%
	CNX	B	0.06%
	KDP	B	0.06%
	DGX	B	0.06%
	UFPI	C	0.06%
	ATGE	C	0.05%
	WAT	C	0.05%
	CBT	B	0.05%
	BWA	D	0.05%
	SKYW	C	0.05%
	ATI	C	0.05%
	WEN	C	0.05%
	ROL	C	0.05%
	TKR	D	0.05%
	MUR	F	0.05%
	LAMR	B	0.05%
	LOPE	D	0.05%
	MTN	D	0.05%
	TW	B	0.05%
	TXRH	C	0.05%
	PTC	D	0.05%
	NXST	D	0.05%
	A	C	0.05%
	IBKR	B	0.05%
	SANM	D	0.05%
	FL	D	0.05%
	POST	C	0.05%
	FIX	B	0.05%
	CPAY	B	0.05%
	URBN	F	0.05%
	FDS	C	0.05%
	SUI	B	0.05%
	DG	F	0.05%
	FLEX	C	0.05%
	CDW	D	0.05%
	PEG	B	0.05%
	MHO	B	0.05%
	KTB	B	0.05%
	ANSS	D	0.05%
	IVZ	B	0.05%
	TPH	C	0.05%
	CMA	B	0.04%
	APLE	D	0.04%
	GEO	F	0.04%
	LW	D	0.04%
	SAIA	D	0.04%
	HUBG	C	0.04%
	WTM	D	0.04%
	FHI	A	0.04%
	TGNA	D	0.04%
	COLD	D	0.04%
	GATX	D	0.04%
	VC	F	0.04%
	HAL	F	0.04%
	CNO	B	0.04%
	AR	F	0.04%
	PR	F	0.04%
	HEI	B	0.04%
	RGLD	C	0.04%
	GVA	B	0.04%
	RRC	D	0.04%
	NBIX	F	0.04%
	ENTG	F	0.04%
	GNW	B	0.04%
	PINS	F	0.04%
	ELS	C	0.04%
	MAN	C	0.04%
	ABM	D	0.04%
	AGNC	B	0.04%
	FLO	C	0.04%
	MOG.A	B	0.04%
	ADBE	F	0.04%
	BTU	D	0.04%
	HXL	F	0.04%
	THG	B	0.04%
	GGG	C	0.04%
	ZTS	C	0.04%
	SRCL	A	0.04%
	KBH	A	0.04%
	WHR	D	0.04%
	BDC	B	0.04%
	DOW	D	0.04%
	NDSN	C	0.04%
	WST	D	0.04%
	NKE	D	0.04%
	LANC	D	0.04%
	STZ	D	0.04%
	SIG	C	0.04%
	NOV	F	0.04%
	AVT	C	0.04%
	COOP	C	0.04%
	NFG	B	0.04%
	PAG	D	0.04%
	CLH	A	0.04%
	CUBE	B	0.04%
	SLGN	B	0.04%
	ULTA	D	0.04%
	MAC	B	0.04%
	AKAM	D	0.03%
	SSD	D	0.03%
	DRI	B	0.03%
	TXT	D	0.03%
	FNF	B	0.03%
	HOOD	C	0.03%
	HBAN	B	0.03%
	VVV	D	0.03%
	FR	B	0.03%
	PRG	B	0.03%
	NAVI	C	0.03%
	MC	B	0.03%
	RLI	B	0.03%
	DK	F	0.03%
	MOH	D	0.03%
	BKU	C	0.03%
	BRKR	D	0.03%
	BURL	B	0.03%
	SJM	C	0.03%
	AWI	B	0.03%
	PRIM	B	0.03%
	YELP	F	0.03%
	GBX	C	0.03%
	SM	F	0.03%
	MDU	C	0.03%
	UDR	C	0.03%
	MTB	B	0.03%
	HP	F	0.03%
	SHOO	B	0.03%
	DBRG	D	0.03%
	BFAM	C	0.03%
	RUSHA	C	0.03%
	MORN	C	0.03%
	BJ	D	0.03%
	WTS	C	0.03%
	SBH	B	0.03%
	MCO	B	0.03%
	DLB	D	0.03%
	TFX	C	0.03%
	HBI	B	0.03%
	HSIC	C	0.03%
	TRN	D	0.03%
	AVA	C	0.03%
	PDCO	F	0.03%
	GT	F	0.03%
	MKL	C	0.03%
	MANH	B	0.03%
	SEM	D	0.03%
	SLVM	B	0.03%
	TDS	C	0.03%
	ACA	B	0.03%
	JEF	B	0.03%
	FND	C	0.03%
	DOX	C	0.03%
	BHF	F	0.03%
	XPO	D	0.03%
	CVLT	B	0.03%
	VSH	F	0.03%
	APP	C	0.03%
	ASO	C	0.03%
	OMF	D	0.03%
	APG	D	0.03%
	UHAL	A	0.03%
	IFF	B	0.03%
	GMS	D	0.03%
	AROC	D	0.03%
	CPNG	B	0.03%
	PSA	B	0.03%
	JWN	C	0.03%
	OI	D	0.03%
	CTVA	B	0.03%
	LEG	D	0.02%
	ODFL	D	0.02%
	TTEK	C	0.02%
	VFC	C	0.02%
	PARA	F	0.02%
	APOG	B	0.02%
	NWL	C	0.02%
	BXP	B	0.02%
	HNI	C	0.02%
	LXP	B	0.02%
	SNDR	B	0.02%
	ODP	F	0.02%
	ANDE	D	0.02%
	RHI	D	0.02%
	DORM	B	0.02%
	CHDN	C	0.02%
	OSIS	D	0.02%
	BBWI	F	0.02%
	SNAP	F	0.02%
	GES	F	0.02%
	XRX	D	0.02%
	CC	F	0.02%
	IGT	D	0.02%
	MCY	D	0.02%
	GWRE	A	0.02%
	LBRDK	F	0.02%
	DOV	B	0.02%
	XHR	B	0.02%
	GPC	D	0.02%
	AIT	A	0.02%
	AGCO	D	0.02%
	NTCT	C	0.02%
	AA	D	0.02%
	PMT	C	0.02%
	DXC	C	0.02%
	SXT	C	0.02%
	GHC	B	0.02%
	EPC	F	0.02%
	REZI	D	0.02%
	KBR	D	0.02%
	CINF	B	0.02%
	NSP	F	0.02%
	VSTO	C	0.02%
	PSN	B	0.02%
	WMS	D	0.02%
	RLJ	D	0.02%
	MKTX	C	0.02%
	PFSI	C	0.02%
	CG	D	0.02%
	GEF	D	0.02%
	HAE	F	0.02%
	HII	D	0.02%
	GMED	D	0.02%
	KEY	B	0.02%
	AIR	C	0.02%
	KMPR	D	0.02%
	CTLT	B	0.02%
	LNW	B	0.02%
	ORA	C	0.02%
	COHR	C	0.02%
	CXW	F	0.02%
	JBHT	D	0.02%
	PLXS	A	0.02%
	APAM	C	0.02%
	CHRD	F	0.02%
	ALGN	D	0.02%
	AXTA	B	0.02%
	TDC	F	0.02%
	PNM	B	0.02%
	FAF	B	0.02%
	WERN	D	0.02%
	DRH	C	0.02%
	LZB	C	0.02%
	WRB	C	0.02%
	NTRS	A	0.02%
	MASI	F	0.02%
	VNT	F	0.02%
	SHO	C	0.02%
	STC	B	0.02%
	HOG	C	0.02%
	BKE	B	0.02%
	NDAQ	A	0.02%
	ADNT	F	0.02%
	UNF	C	0.02%
	GEHC	C	0.02%
	NVT	D	0.02%
	DLTR	F	0.02%
	THS	C	0.02%
	MATX	B	0.02%
	AAP	F	0.01%
	KNX	C	0.01%
	SCHL	D	0.01%
	UHAL	A	0.01%
	SCL	D	0.01%
	ARCH	F	0.01%
	LYFT	D	0.01%
	CACC	F	0.01%
	KALU	F	0.01%
	SCCO	D	0.01%
	SWN	D	0.01%
	ECPG	D	0.01%
	MKSI	F	0.01%
	WGO	D	0.01%
	UVV	D	0.01%
	ESI	D	0.01%
	HELE	D	0.01%
	HPP	D	0.01%
	HUN	D	0.01%
	MTDR	F	0.01%
	MLKN	D	0.01%
	SWX	C	0.01%
	ELAN	D	0.01%
	WOR	D	0.01%
	BECN	D	0.01%
	JELD	D	0.01%
	SYNA	F	0.01%
	HRL	C	0.01%
	SIGI	D	0.01%
	PFG	B	0.01%
	ARCB	D	0.01%
	CENTA	F	0.01%
	JBGS	C	0.01%
	FLR	D	0.01%
	LVS	D	0.01%
	AMED	C	0.01%
	AFG	B	0.01%
	FELE	C	0.01%
	DTM	B	0.01%
	WAFD	C	0.01%
	SPB	C	0.01%
	WMK	C	0.01%
	BRC	C	0.01%
	DY	B	0.01%
	CADE	C	0.01%
	KN	D	0.01%
	PECO	B	0.01%
	CR	C	0.01%
	ONB	C	0.01%
	CBSH	C	0.01%
	CBRL	D	0.01%
	CSGS	C	0.01%
	STRA	F	0.01%
	TTMI	D	0.01%
	CPB	C	0.01%
	CPRI	D	0.01%
	CVI	F	0.01%
	DEI	B	0.01%
	AMWD	D	0.01%
	WBS	D	0.01%
	TREX	D	0.01%
	WWD	D	0.01%
	LAUR	C	0.01%
	OMI	D	0.01%
	SAH	D	0.01%
	NNI	B	0.01%
	H	C	0.01%
	RBC	C	0.01%
	LAD	D	0.01%
	IOSP	D	0.01%
	LADR	B	0.01%
	GOLF	D	0.01%
	PSMT	B	0.01%
	TNET	F	0.01%
	SNV	C	0.01%
	BHE	D	0.01%
	DAN	F	0.01%
	OLLI	C	0.01%
	PTEN	F	0.01%
	ESNT	B	0.01%
	FYBR	C	0.01%
	PHIN	B	0.01%
	SCS	D	0.01%
	DNOW	D	0.01%
	WAL	B	0.01%
	SATS	C	0.01%
	NOMD	B	0.0%
	WOLF	F	0.0%

MFUS Underweight 87 Positions Relative to REVS

	Symbol	Grade	Weight
	MDT	C	-1.6%
	BLK	B	-1.29%
	DIS	D	-1.16%
	PCG	C	-0.76%
	FDX	C	-0.74%
	DHI	B	-0.7%
	XEL	B	-0.64%
	TT	B	-0.6%
	EIX	C	-0.58%
	CNC	D	-0.51%
	DTE	C	-0.46%
	ETR	B	-0.46%
	CSGP	D	-0.45%
	AEE	C	-0.41%
	DAL	C	-0.33%
	WY	C	-0.31%
	ARE	C	-0.29%
	FTV	C	-0.29%
	NI	B	-0.27%
	GPN	D	-0.27%
	ZM	C	-0.26%
	STT	A	-0.25%
	SWKS	D	-0.25%
	OXY	F	-0.22%
	CBOE	C	-0.22%
	CF	C	-0.22%
	SSNC	B	-0.18%
	EPAM	F	-0.17%
	SNA	C	-0.17%
	BG	D	-0.17%
	SWK	B	-0.17%
	SW	B	-0.17%
	NTNX	C	-0.16%
	EG	C	-0.14%
	SOLV	C	-0.13%
	SNX	D	-0.13%
	CIEN	C	-0.12%
	NNN	C	-0.12%
	TWLO	D	-0.12%
	ARMK	B	-0.12%
	MRNA	F	-0.11%
	MGM	F	-0.11%
	CVNA	B	-0.11%
	BRX	B	-0.11%
	BRBR	C	-0.1%
	STAG	C	-0.1%
	UGI	C	-0.09%
	WYNN	D	-0.09%
	GL	C	-0.09%
	CROX	D	-0.08%
	MIDD	D	-0.08%
	MTCH	C	-0.07%
	XP	D	-0.07%
	WLK	D	-0.07%
	OLED	C	-0.07%
	KRC	B	-0.06%
	AXS	B	-0.06%
	DBX	D	-0.06%
	BILL	D	-0.06%
	ASH	D	-0.06%
	HIW	B	-0.05%
	PRGO	D	-0.05%
	COLB	B	-0.05%
	EPR	B	-0.05%
	ROKU	C	-0.05%
	CLF	F	-0.05%
	TNL	D	-0.04%
	GTES	C	-0.04%
	EEFT	D	-0.04%
	OZK	D	-0.04%
	ALGM	F	-0.03%
	EXAS	C	-0.03%
	COLM	C	-0.03%
	AZTA	F	-0.03%
	FOX	B	-0.03%
	PPC	D	-0.02%
	NWS	D	-0.02%
	REYN	C	-0.02%
	ADTN	D	-0.02%
	CIVI	F	-0.02%
	INFA	D	-0.02%
	PATH	D	-0.01%
	CNA	C	-0.01%
	LSCC	D	-0.01%
	ALNY	C	-0.01%
	IONS	F	-0.0%
	PLTK	C	-0.0%

MFUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

REVS: Top Represented Industries & Keywords

Industries: Biotechnology Asset Management Diversified Industrials Business Services Banks - Regional - US Packaged Foods Semiconductors Software - Infrastructure Specialty Chemicals Utilities - Regulated Electric Building Materials Communication Equipment Drug Manufacturers - Major Oil & Gas E&P Banks - Global Insurance - Life Residential Construction Specialty Retail Apparel Manufacturing Broadcasting - TV

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Bank Banking Electricity Mining Electronics Real Estate Investment Trust Telecommunications Biotechnology Chemical Clothing Life Insurance Medicine Building Materials Plastic Aerospace