MFUS vs. RWJ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to RevenueShares Small Cap (RWJ)

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

$50.35

Average Daily Volume

7,922

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

RWJ

RevenueShares Small Cap

RWJ Description

The investment seeks outperform the total return performance of the S&P SmallCap 600® Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Small Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of small capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$45.44

Average Daily Volume

118,655

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	RWJ
30 Days	3.55%	4.55%
60 Days	10.60%	11.58%
90 Days	6.54%	15.75%
12 Months	36.03%	31.34%

152 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in RWJ	Overlap
	AAP	F	0.01%	0.81%	0.01%
	ABG	D	0.07%	1.26%	0.07%
	ABM	D	0.04%	0.59%	0.04%
	ACA	C	0.02%	0.18%	0.02%
	ADNT	F	0.03%	1.23%	0.03%
	AEO	C	0.09%	0.43%	0.09%
	AIR	C	0.02%	0.16%	0.02%
	ALEX	D	0.01%	0.02%	0.01%
	AMWD	C	0.01%	0.14%	0.01%
	ANDE	D	0.02%	0.93%	0.02%
	APAM	B	0.03%	0.08%	0.03%
	APLE	B	0.03%	0.11%	0.03%
	APOG	B	0.02%	0.11%	0.02%
	ARCH	D	0.01%	0.22%	0.01%
	ARI	F	0.01%	0.06%	0.01%
	AROC	B	0.04%	0.08%	0.04%
	ASO	D	0.04%	0.44%	0.04%
	ATGE	D	0.05%	0.12%	0.05%
	ATI	C	0.05%	0.33%	0.05%
	AVA	D	0.03%	0.14%	0.03%
	AWI	A	0.03%	0.1%	0.03%
	BCC	C	0.07%	0.52%	0.07%
	BHE	C	0.02%	0.21%	0.02%
	BKE	B	0.03%	0.09%	0.03%
	BKU	D	0.03%	0.14%	0.03%
	BRC	C	0.01%	0.1%	0.01%
	BTU	B	0.05%	0.36%	0.05%
	CALM	A	0.07%	0.18%	0.07%
	CENTA	F	0.01%	0.11%	0.01%
	CMA	C	0.04%	0.38%	0.04%
	CNS	C	0.01%	0.04%	0.01%
	CNXN	C	0.01%	0.2%	0.01%
	COOP	B	0.05%	0.14%	0.05%
	CRS	B	0.1%	0.22%	0.1%
	CSGS	B	0.01%	0.09%	0.01%
	CVI	D	0.01%	0.64%	0.01%
	CWEN	C	0.02%	0.06%	0.02%
	CWEN	C	0.02%	0.06%	0.02%
	CXW	F	0.02%	0.14%	0.02%
	DAN	D	0.02%	0.85%	0.02%
	DEI	A	0.01%	0.08%	0.01%
	DNOW	F	0.02%	0.18%	0.02%
	DORM	C	0.02%	0.14%	0.02%
	DRH	B	0.03%	0.08%	0.03%
	DXC	C	0.01%	0.94%	0.01%
	DY	C	0.01%	0.33%	0.01%
	ECPG	F	0.01%	0.09%	0.01%
	EPC	F	0.02%	0.16%	0.02%
	FDP	C	0.01%	0.31%	0.01%
	FELE	C	0.01%	0.16%	0.01%
	FL	F	0.04%	0.57%	0.04%
	GBX	C	0.03%	0.26%	0.03%
	GEO	D	0.03%	0.17%	0.03%
	GES	F	0.02%	0.21%	0.02%
	GIII	C	0.01%	0.21%	0.01%
	GMS	B	0.03%	0.42%	0.03%
	GNW	A	0.03%	0.5%	0.03%
	GPI	C	0.09%	1.4%	0.09%
	GVA	A	0.04%	0.28%	0.04%
	HBI	B	0.05%	0.38%	0.05%
	HCC	C	0.07%	0.14%	0.07%
	HNI	B	0.02%	0.19%	0.02%
	HP	D	0.02%	0.2%	0.02%
	HTH	F	0.01%	0.11%	0.01%
	HUBG	D	0.04%	0.29%	0.04%
	ICUI	B	0.01%	0.16%	0.01%
	IDCC	A	0.01%	0.05%	0.01%
	IOSP	F	0.01%	0.14%	0.01%
	JBGS	C	0.01%	0.04%	0.01%
	JBLU	B	0.02%	0.72%	0.02%
	JXN	A	0.09%	0.35%	0.09%
	KALU	D	0.01%	0.23%	0.01%
	KN	B	0.01%	0.06%	0.01%
	KSS	D	0.03%	1.3%	0.03%
	KTB	C	0.05%	0.2%	0.05%
	LEG	D	0.02%	0.36%	0.02%
	LNC	B	0.03%	1.27%	0.03%
	LUMN	C	0.05%	1.18%	0.05%
	LXP	D	0.02%	0.02%	0.02%
	LZB	D	0.03%	0.15%	0.03%
	MAC	B	0.04%	0.07%	0.04%
	MATX	C	0.03%	0.24%	0.03%
	MC	B	0.03%	0.07%	0.03%
	MCY	B	0.02%	0.39%	0.02%
	MHO	C	0.05%	0.31%	0.05%
	MLI	B	0.07%	0.25%	0.07%
	MLKN	F	0.01%	0.23%	0.01%
	MOG.A	C	0.04%	0.26%	0.04%
	MTH	C	0.07%	0.46%	0.07%
	NAVI	D	0.02%	0.34%	0.02%
	NSIT	B	0.07%	0.66%	0.07%
	NTCT	C	0.02%	0.06%	0.02%
	NWL	D	0.02%	0.55%	0.02%
	ODP	F	0.02%	0.53%	0.02%
	OGN	F	0.05%	0.43%	0.05%
	OI	D	0.03%	0.5%	0.03%
	OMI	F	0.01%	0.79%	0.01%
	OSIS	C	0.02%	0.11%	0.02%
	OUT	C	0.01%	0.14%	0.01%
	PDCO	F	0.02%	0.47%	0.02%
	PECO	C	0.01%	0.04%	0.01%
	PHIN	D	0.02%	0.26%	0.02%
	PINC	F	0.02%	0.1%	0.02%
	PLXS	A	0.03%	0.31%	0.03%
	PMT	B	0.02%	0.11%	0.02%
	PRG	C	0.03%	0.18%	0.03%
	PSMT	A	0.01%	0.35%	0.01%
	PTEN	F	0.01%	0.38%	0.01%
	RDN	D	0.01%	0.09%	0.01%
	REZI	D	0.01%	0.47%	0.01%
	RHI	D	0.02%	0.46%	0.02%
	RUSHA	D	0.03%	0.59%	0.03%
	SAH	D	0.01%	1.06%	0.01%
	SANM	D	0.03%	0.56%	0.03%
	SATS	C	0.02%	2.0%	0.02%
	SBH	B	0.02%	0.28%	0.02%
	SCL	D	0.01%	0.17%	0.01%
	SEE	C	0.06%	0.43%	0.06%
	SEM	D	0.03%	0.49%	0.03%
	SHO	B	0.01%	0.07%	0.01%
	SHOO	A	0.03%	0.16%	0.03%
	SIG	C	0.04%	0.55%	0.04%
	SKYW	B	0.05%	0.25%	0.05%
	SLG	C	0.08%	0.06%	0.06%
	SLVM	C	0.04%	0.29%	0.04%
	SM	D	0.03%	0.18%	0.03%
	SNDR	D	0.02%	0.39%	0.02%
	STC	D	0.03%	0.16%	0.03%
	STRA	F	0.01%	0.08%	0.01%
	SVC	D	0.01%	0.14%	0.01%
	SXT	C	0.02%	0.11%	0.02%
	TDS	C	0.04%	0.37%	0.04%
	TGNA	B	0.04%	0.23%	0.04%
	THS	D	0.03%	0.24%	0.03%
	TPH	C	0.06%	0.3%	0.06%
	TRN	C	0.04%	0.25%	0.04%
	TTMI	D	0.01%	0.17%	0.01%
	UNF	A	0.03%	0.17%	0.03%
	URBN	F	0.05%	0.41%	0.05%
	UVV	D	0.01%	0.21%	0.01%
	VFC	A	0.02%	0.77%	0.02%
	VIRT	B	0.05%	0.16%	0.05%
	VSCO	C	0.02%	0.49%	0.02%
	VSTO	B	0.02%	0.19%	0.02%
	WAFD	D	0.01%	0.09%	0.01%
	WERN	D	0.02%	0.23%	0.02%
	WGO	D	0.01%	0.22%	0.01%
	WOLF	F	0.0%	0.07%	0.0%
	WOR	F	0.01%	0.13%	0.01%
	XHR	A	0.02%	0.08%	0.02%
	XRX	D	0.01%	0.47%	0.01%
	YELP	D	0.02%	0.1%	0.02%

MFUS Overweight 658 Positions Relative to RWJ

	Symbol	Grade	Weight
	LLY	D	2.87%
	META	A	2.37%
	BRK.A	B	2.37%
	AVGO	B	1.68%
	WMT	A	1.68%
	NVDA	B	1.64%
	AMZN	C	1.6%
	ABBV	C	1.56%
	ORCL	A	1.38%
	COST	C	1.36%
	JNJ	D	1.28%
	KO	C	1.16%
	IBM	A	1.14%
	VZ	C	1.11%
	PG	D	1.04%
	AMGN	D	1.01%
	MRK	F	1.0%
	AAPL	C	0.97%
	JPM	C	0.88%
	PM	D	0.83%
	LMT	A	0.82%
	QCOM	D	0.8%
	UNH	B	0.79%
	GILD	A	0.79%
	TGT	C	0.77%
	PEP	F	0.77%
	T	B	0.74%
	WFC	B	0.73%
	CVS	D	0.71%
	MO	D	0.66%
	PFE	D	0.64%
	C	B	0.63%
	MMM	C	0.63%
	GE	B	0.61%
	CSCO	A	0.61%
	HD	A	0.6%
	PGR	B	0.6%
	AMAT	C	0.59%
	MCD	A	0.55%
	UNP	F	0.54%
	MCK	F	0.5%
	REGN	D	0.49%
	NFLX	A	0.46%
	XOM	A	0.42%
	CL	D	0.41%
	BAC	B	0.39%
	TJX	D	0.38%
	TMUS	A	0.38%
	EBAY	A	0.38%
	NOC	B	0.38%
	KR	C	0.37%
	MPC	D	0.36%
	CVX	B	0.36%
	BMY	A	0.36%
	BKNG	B	0.36%
	GS	B	0.35%
	LOW	C	0.34%
	AIG	C	0.34%
	TMO	D	0.33%
	MET	A	0.32%
	GM	D	0.32%
	NOW	B	0.31%
	TXN	C	0.3%
	HCA	C	0.3%
	ICE	A	0.3%
	HPQ	B	0.29%
	AZO	D	0.29%
	THC	D	0.29%
	DHR	D	0.28%
	KLAC	B	0.28%
	V	B	0.28%
	MA	A	0.27%
	SPGI	C	0.27%
	ALL	A	0.26%
	MDLZ	D	0.26%
	WM	B	0.26%
	CHTR	D	0.25%
	UPS	D	0.25%
	ADM	F	0.25%
	NEE	C	0.25%
	SYF	A	0.24%
	GD	C	0.24%
	COF	A	0.24%
	ANF	D	0.24%
	CAH	B	0.24%
	PRU	B	0.23%
	RTX	A	0.23%
	UBER	C	0.23%
	AON	A	0.23%
	BBY	C	0.23%
	PSX	D	0.23%
	LHX	A	0.23%
	ISRG	C	0.23%
	ACN	B	0.23%
	NEM	C	0.22%
	LII	C	0.22%
	AFL	A	0.22%
	PANW	B	0.22%
	VRTX	D	0.22%
	SHW	C	0.22%
	VST	A	0.21%
	FICO	C	0.21%
	WSM	C	0.21%
	AXP	A	0.21%
	BSX	A	0.2%
	WSO	C	0.2%
	SFM	A	0.2%
	TRV	B	0.2%
	ELV	F	0.2%
	CAT	A	0.2%
	GIS	C	0.2%
	CMG	C	0.2%
	CTAS	C	0.19%
	LRCX	D	0.19%
	MMC	D	0.19%
	INTC	D	0.19%
	GWW	B	0.19%
	GLW	C	0.19%
	ORLY	A	0.19%
	LYB	B	0.18%
	MS	A	0.18%
	KMB	D	0.18%
	UTHR	C	0.18%
	MSI	A	0.18%
	CB	A	0.17%
	TDG	A	0.17%
	RMD	C	0.17%
	BK	A	0.17%
	BLK	A	0.17%
	VRSK	D	0.17%
	DVA	C	0.17%
	CMCSA	B	0.16%
	VLO	F	0.16%
	SPG	A	0.16%
	BR	B	0.16%
	EA	D	0.16%
	KHC	F	0.16%
	AMT	D	0.16%
	TSN	D	0.16%
	CI	D	0.15%
	DECK	B	0.15%
	HWM	A	0.15%
	F	D	0.15%
	CASY	D	0.15%
	K	B	0.15%
	MUSA	D	0.15%
	BAH	C	0.15%
	MU	D	0.15%
	AJG	C	0.14%
	KKR	A	0.14%
	CHRW	C	0.14%
	CME	A	0.14%
	DUK	C	0.14%
	SMCI	F	0.14%
	ANET	A	0.14%
	IT	A	0.14%
	PLTR	A	0.14%
	CMI	A	0.13%
	EXR	D	0.13%
	EFX	D	0.13%
	CEG	A	0.13%
	SYY	D	0.13%
	DPZ	D	0.13%
	RSG	D	0.13%
	VTRS	D	0.13%
	PH	A	0.13%
	SO	A	0.13%
	JNPR	C	0.13%
	TSCO	A	0.12%
	XYL	C	0.12%
	MCO	D	0.12%
	YUM	C	0.12%
	RPM	A	0.12%
	BDX	C	0.12%
	AMP	A	0.12%
	CLX	C	0.12%
	IRM	B	0.12%
	PNC	C	0.11%
	PHM	C	0.11%
	DD	C	0.11%
	CSX	D	0.11%
	LDOS	A	0.11%
	BX	C	0.11%
	EVR	C	0.11%
	WBA	F	0.11%
	FAST	C	0.11%
	PWR	A	0.11%
	PYPL	A	0.11%
	APH	D	0.11%
	BRO	A	0.11%
	WELL	C	0.11%
	MPWR	B	0.1%
	AOS	C	0.1%
	CW	A	0.1%
	NVR	C	0.1%
	MTD	C	0.1%
	USB	C	0.1%
	DG	F	0.1%
	ITW	C	0.1%
	WTW	C	0.1%
	NTAP	D	0.1%
	FOXA	B	0.1%
	AVY	D	0.1%
	HPE	B	0.1%
	JKHY	A	0.1%
	PSA	C	0.1%
	ADP	A	0.1%
	GDDY	B	0.1%
	DGX	D	0.09%
	AEP	C	0.09%
	OKE	A	0.09%
	DKS	D	0.09%
	TRGP	A	0.09%
	ALSN	A	0.09%
	LSTR	F	0.09%
	EHC	C	0.09%
	URI	C	0.09%
	KMI	A	0.09%
	HLT	A	0.09%
	TMHC	C	0.09%
	EXPD	D	0.09%
	DASH	A	0.09%
	SBUX	B	0.09%
	CACI	A	0.09%
	BWXT	A	0.09%
	LPX	C	0.08%
	ATR	A	0.08%
	OTIS	A	0.08%
	EQH	B	0.08%
	SRE	C	0.08%
	BIIB	F	0.08%
	TAP	D	0.08%
	IP	C	0.08%
	TFC	D	0.08%
	TYL	D	0.08%
	CCI	D	0.08%
	AIZ	B	0.08%
	CPRT	B	0.08%
	BALL	C	0.08%
	ADSK	B	0.08%
	RCL	B	0.08%
	STE	D	0.08%
	GEHC	C	0.08%
	IEX	D	0.08%
	HRB	C	0.08%
	TROW	D	0.08%
	AYI	A	0.08%
	DFS	A	0.08%
	WDC	C	0.08%
	DLR	C	0.08%
	ARES	A	0.08%
	ITT	C	0.08%
	GPK	D	0.08%
	IR	A	0.08%
	WMB	A	0.08%
	NUE	D	0.08%
	KDP	C	0.08%
	ECL	C	0.08%
	NSC	C	0.07%
	MLM	F	0.07%
	COP	D	0.07%
	BKR	B	0.07%
	CHD	D	0.07%
	R	C	0.07%
	TTC	F	0.07%
	UFPI	C	0.07%
	AN	D	0.07%
	PKG	B	0.07%
	ROL	C	0.07%
	NKE	D	0.07%
	VNO	B	0.07%
	WU	D	0.07%
	ALNY	C	0.07%
	MNST	D	0.07%
	GLPI	C	0.07%
	WCC	D	0.07%
	FIS	A	0.07%
	LEN	C	0.07%
	EXC	C	0.07%
	THO	C	0.07%
	EMR	B	0.07%
	NRG	A	0.07%
	D	A	0.07%
	POOL	D	0.07%
	UHS	D	0.07%
	DHI	C	0.07%
	SEIC	B	0.07%
	HLI	A	0.07%
	CNC	F	0.06%
	ZTS	C	0.06%
	TXRH	A	0.06%
	BC	C	0.06%
	CNX	A	0.06%
	FFIV	B	0.06%
	HSY	D	0.06%
	STZ	D	0.06%
	L	C	0.06%
	COIN	F	0.06%
	JLL	C	0.06%
	HIG	A	0.06%
	AMG	B	0.06%
	FTNT	A	0.06%
	ERIE	A	0.06%
	ED	C	0.06%
	BERY	C	0.06%
	IDXX	D	0.06%
	JCI	C	0.06%
	RGA	B	0.06%
	PEG	A	0.06%
	PK	D	0.06%
	OMC	C	0.06%
	CRI	D	0.06%
	CPT	C	0.06%
	MKC	C	0.06%
	MMS	C	0.06%
	O	C	0.06%
	MSCI	B	0.06%
	FCN	C	0.06%
	TTWO	D	0.06%
	CCK	C	0.06%
	CHE	D	0.06%
	SCI	D	0.06%
	ROP	D	0.06%
	MSM	D	0.06%
	INGR	B	0.06%
	EXP	C	0.06%
	MAS	C	0.06%
	TOL	C	0.06%
	ARW	C	0.05%
	NDSN	C	0.05%
	NFG	A	0.05%
	CBRE	C	0.05%
	CUBE	C	0.05%
	NDAQ	C	0.05%
	PPG	D	0.05%
	FANG	D	0.05%
	IBKR	A	0.05%
	CAG	D	0.05%
	VLTO	A	0.05%
	GNRC	B	0.05%
	SLGN	B	0.05%
	USFD	C	0.05%
	CPB	D	0.05%
	G	A	0.05%
	SQ	D	0.05%
	SEB	F	0.05%
	GNTX	D	0.05%
	ANSS	D	0.05%
	WAT	B	0.05%
	BAX	D	0.05%
	LPLA	D	0.05%
	WAB	A	0.05%
	TEX	F	0.05%
	WEN	B	0.05%
	MTN	D	0.05%
	ALLY	F	0.05%
	CBT	B	0.05%
	NXST	D	0.05%
	FCNCA	D	0.05%
	APP	A	0.05%
	A	B	0.05%
	EIX	C	0.05%
	LECO	D	0.05%
	GAP	F	0.05%
	CARR	A	0.05%
	LAMR	C	0.05%
	TW	A	0.05%
	POST	C	0.05%
	SUI	D	0.05%
	FIX	A	0.05%
	CMC	D	0.05%
	SLM	B	0.05%
	LANC	F	0.04%
	KBH	D	0.04%
	NYT	C	0.04%
	AVTR	D	0.04%
	DBRG	D	0.04%
	PAYX	B	0.04%
	UNM	A	0.04%
	BHF	D	0.04%
	AVT	B	0.04%
	IFF	D	0.04%
	BLD	D	0.04%
	MANH	A	0.04%
	PPL	C	0.04%
	TER	C	0.04%
	CVLT	B	0.04%
	CDW	D	0.04%
	BDC	A	0.04%
	WTM	C	0.04%
	JHG	A	0.04%
	ES	D	0.04%
	EXEL	B	0.04%
	JWN	D	0.04%
	NWSA	D	0.04%
	EQR	C	0.04%
	CLH	B	0.04%
	ADBE	F	0.04%
	CTVA	A	0.04%
	FDS	C	0.04%
	COLD	D	0.04%
	STLD	C	0.04%
	NBIX	F	0.04%
	PSTG	F	0.04%
	SON	D	0.04%
	PTC	B	0.04%
	EME	B	0.04%
	ELS	D	0.04%
	AMH	D	0.04%
	CPNG	C	0.04%
	UHAL	C	0.04%
	FITB	C	0.04%
	GATX	F	0.04%
	FLEX	B	0.04%
	INVH	D	0.04%
	TKR	B	0.04%
	MAR	A	0.04%
	FLO	D	0.04%
	VRSN	C	0.04%
	FTI	B	0.04%
	ULTA	D	0.04%
	HEI	C	0.04%
	CRBG	B	0.04%
	SCHW	D	0.04%
	SMG	C	0.04%
	VTR	C	0.04%
	CNO	B	0.04%
	AGNC	B	0.04%
	CE	D	0.04%
	RS	D	0.04%
	KD	D	0.04%
	LOPE	D	0.04%
	ETR	A	0.04%
	OLN	D	0.04%
	RGLD	C	0.04%
	EMN	C	0.04%
	SRCL	B	0.04%
	BLDR	C	0.04%
	THG	A	0.04%
	DCI	B	0.04%
	AR	C	0.04%
	CRUS	D	0.04%
	WST	D	0.04%
	SJM	D	0.04%
	IPG	D	0.04%
	NTRS	B	0.03%
	NEU	F	0.03%
	MTG	A	0.03%
	FHI	A	0.03%
	LW	D	0.03%
	MSA	F	0.03%
	HXL	F	0.03%
	RYN	C	0.03%
	DELL	C	0.03%
	WHR	C	0.03%
	MRO	B	0.03%
	COKE	C	0.03%
	HOG	D	0.03%
	XRAY	D	0.03%
	JBL	C	0.03%
	XPO	F	0.03%
	FNF	C	0.03%
	DLTR	F	0.03%
	AKAM	D	0.03%
	HBAN	B	0.03%
	DK	F	0.03%
	SBAC	C	0.03%
	CPAY	A	0.03%
	VC	F	0.03%
	DDS	D	0.03%
	MASI	B	0.03%
	RLI	A	0.03%
	DRI	C	0.03%
	RL	B	0.03%
	COHR	B	0.03%
	BURL	C	0.03%
	UDR	C	0.03%
	WPC	C	0.03%
	HOOD	B	0.03%
	X	F	0.03%
	BFAM	C	0.03%
	HII	F	0.03%
	MTB	A	0.03%
	WH	C	0.03%
	GGG	C	0.03%
	AVB	C	0.03%
	RPRX	D	0.03%
	MAN	D	0.03%
	TFX	C	0.03%
	OSK	F	0.03%
	MORN	B	0.03%
	HUBB	A	0.03%
	MDU	C	0.03%
	CMS	A	0.03%
	IVZ	A	0.03%
	HOLX	D	0.03%
	ACM	A	0.03%
	BJ	B	0.03%
	HSIC	D	0.03%
	AMKR	F	0.03%
	CFG	C	0.03%
	DOX	B	0.03%
	TPX	C	0.03%
	PRIM	A	0.03%
	FE	C	0.03%
	KEX	C	0.02%
	TDC	D	0.02%
	AXTA	C	0.02%
	LAD	C	0.02%
	KIM	C	0.02%
	FR	D	0.02%
	ALGN	D	0.02%
	EVRG	C	0.02%
	WAL	C	0.02%
	TTEK	A	0.02%
	SSNC	C	0.02%
	ATO	A	0.02%
	APG	F	0.02%
	BEN	F	0.02%
	ODFL	F	0.02%
	CROX	C	0.02%
	AES	C	0.02%
	CSL	A	0.02%
	EWBC	B	0.02%
	VSH	F	0.02%
	PNR	C	0.02%
	CCL	C	0.02%
	BXP	B	0.02%
	ZBRA	B	0.02%
	SAM	D	0.02%
	OC	C	0.02%
	ESS	D	0.02%
	M	D	0.02%
	HST	D	0.02%
	LNW	F	0.02%
	DTE	B	0.02%
	HRL	F	0.02%
	GWRE	A	0.02%
	VVV	D	0.02%
	LNT	B	0.02%
	DOV	C	0.02%
	CC	D	0.02%
	CINF	A	0.02%
	MAA	D	0.02%
	BRKR	D	0.02%
	NSP	F	0.02%
	AGCO	D	0.02%
	NI	A	0.02%
	DOW	B	0.02%
	RLJ	D	0.02%
	GHC	A	0.02%
	MKTX	B	0.02%
	DLB	D	0.02%
	OHI	C	0.02%
	KBR	A	0.02%
	PBF	F	0.02%
	PVH	D	0.02%
	SKX	B	0.02%
	HAE	F	0.02%
	GMED	B	0.02%
	CTLT	A	0.02%
	KMPR	D	0.02%
	PSN	A	0.02%
	GEF	B	0.02%
	PFSI	C	0.02%
	JBHT	D	0.02%
	KEY	B	0.02%
	WMS	D	0.02%
	RRC	D	0.02%
	FAF	C	0.02%
	PAG	D	0.02%
	WRB	C	0.02%
	LBRDK	C	0.02%
	JEF	A	0.02%
	ORA	C	0.02%
	OMF	D	0.02%
	PNM	B	0.02%
	CG	B	0.02%
	HUN	B	0.01%
	KNX	D	0.01%
	NOV	F	0.01%
	UHAL	C	0.01%
	DINO	F	0.01%
	PARA	F	0.01%
	CACC	F	0.01%
	ACI	F	0.01%
	ELAN	D	0.01%
	QRVO	F	0.01%
	SSB	C	0.01%
	MKSI	F	0.01%
	IGT	F	0.01%
	PB	D	0.01%
	ARMK	C	0.01%
	ESI	C	0.01%
	CFR	B	0.01%
	UAL	A	0.01%
	IMKTA	F	0.01%
	PNW	C	0.01%
	SR	D	0.01%
	PPC	C	0.01%
	RKT	D	0.01%
	UGI	C	0.01%
	CLF	D	0.01%
	TPR	B	0.01%
	SPR	D	0.01%
	SWX	C	0.01%
	MOS	F	0.01%
	SIGI	D	0.01%
	INCY	B	0.01%
	FHN	D	0.01%
	AMED	D	0.01%
	PFG	A	0.01%
	FLR	B	0.01%
	ESAB	C	0.01%
	WMK	D	0.01%
	SPB	C	0.01%
	JELD	D	0.01%
	CBSH	D	0.01%
	WTFC	B	0.01%
	CADE	B	0.01%
	CNM	F	0.01%
	ONB	D	0.01%
	DTM	A	0.01%
	SAIC	A	0.01%
	BBWI	F	0.01%
	CPRI	C	0.01%
	VNT	F	0.01%
	CR	A	0.01%
	LEA	F	0.01%
	WBS	D	0.01%
	SF	A	0.01%
	LADR	D	0.01%
	NNI	B	0.01%
	WWD	C	0.01%
	ZION	D	0.01%
	GME	D	0.01%
	GOLF	F	0.01%
	MHK	C	0.01%
	NNN	C	0.01%
	RBC	C	0.01%
	SNV	D	0.01%
	TNET	D	0.01%
	H	B	0.01%
	SLB	D	0.01%
	ADC	C	0.01%
	MUR	F	0.01%
	HE	F	0.01%
	GT	F	0.01%
	AA	B	0.01%
	FYBR	C	0.01%
	SCS	D	0.01%
	ESNT	A	0.01%
	BWA	C	0.01%
	LAUR	C	0.01%
	RF	B	0.01%
	BMRN	F	0.01%
	SCCO	B	0.0%
	NOMD	D	0.0%

MFUS Underweight 425 Positions Relative to RWJ

	Symbol	Grade	Weight
	UNFI	C	-2.35%
	ALK	C	-0.82%
	HTZ	F	-0.72%
	SPTN	C	-0.69%
	CWK	D	-0.68%
	PARR	F	-0.6%
	AXL	F	-0.49%
	PENN	D	-0.44%
	EAT	A	-0.34%
	ARCB	F	-0.33%
	BLMN	F	-0.33%
	VSAT	F	-0.32%
	NATL	D	-0.32%
	LBRT	D	-0.32%
	KELYA	D	-0.32%
	EXPI	C	-0.32%
	GO	F	-0.32%
	MODG	F	-0.32%
	IAC	C	-0.3%
	CBRL	D	-0.29%
	RXO	D	-0.29%
	CCS	C	-0.29%
	AMR	F	-0.28%
	LCII	C	-0.28%
	ENSG	D	-0.27%
	CAKE	A	-0.27%
	MYRG	D	-0.27%
	CHEF	C	-0.27%
	PATK	A	-0.27%
	GTES	C	-0.26%
	PBI	C	-0.25%
	SABR	C	-0.25%
	WS	D	-0.25%
	FUL	F	-0.25%
	SCSC	D	-0.24%
	AHCO	D	-0.24%
	HI	F	-0.23%
	ALGT	D	-0.23%
	IBP	C	-0.23%
	GPRE	F	-0.22%
	ENR	B	-0.22%
	NBR	D	-0.21%
	AMN	F	-0.21%
	CAL	F	-0.21%
	OII	D	-0.2%
	CNK	D	-0.2%
	KFY	C	-0.2%
	ETSY	F	-0.2%
	SPNT	D	-0.2%
	VSTS	D	-0.2%
	HZO	C	-0.19%
	KLG	F	-0.19%
	AL	D	-0.19%
	FTRE	F	-0.19%
	GFF	C	-0.19%
	CEIX	B	-0.18%
	ITRI	C	-0.18%
	ENVA	B	-0.18%
	CENX	C	-0.18%
	PLUS	B	-0.17%
	CRC	B	-0.17%
	UCTT	D	-0.16%
	SXC	F	-0.16%
	MTX	C	-0.16%
	WWW	B	-0.16%
	PZZA	D	-0.16%
	WNC	F	-0.16%
	NVRI	D	-0.16%
	LGIH	C	-0.16%
	PLAY	D	-0.16%
	BGS	D	-0.15%
	CLW	F	-0.15%
	EYE	F	-0.15%
	BGC	B	-0.15%
	MD	B	-0.15%
	HELE	D	-0.15%
	DLX	F	-0.15%
	LRN	D	-0.15%
	KOP	F	-0.15%
	KMT	C	-0.15%
	SNEX	B	-0.14%
	FSS	D	-0.14%
	FWRD	D	-0.14%
	NOG	D	-0.14%
	KWR	F	-0.14%
	RUN	D	-0.14%
	TRIP	D	-0.14%
	GRBK	C	-0.14%
	BXMT	C	-0.14%
	MATW	F	-0.13%
	RDNT	C	-0.13%
	AX	D	-0.13%
	SEDG	F	-0.13%
	DXPE	C	-0.13%
	HAIN	C	-0.13%
	TWI	F	-0.13%
	JBT	B	-0.13%
	MATV	F	-0.13%
	BOOT	B	-0.13%
	CVCO	C	-0.13%
	FTDR	B	-0.13%
	TALO	D	-0.12%
	SONO	F	-0.12%
	SCHL	F	-0.12%
	PRVA	F	-0.12%
	NGVT	D	-0.12%
	HMN	B	-0.12%
	JJSF	C	-0.12%
	JACK	F	-0.12%
	AZZ	B	-0.12%
	FULT	D	-0.12%
	ITGR	B	-0.12%
	B	A	-0.12%
	ASTH	B	-0.12%
	ASIX	A	-0.12%
	HCSG	F	-0.12%
	ZWS	A	-0.12%
	KAR	F	-0.12%
	ABR	C	-0.12%
	ALG	F	-0.12%
	CABO	F	-0.12%
	MTRN	F	-0.12%
	CCRN	F	-0.11%
	THRM	F	-0.11%
	IPAR	D	-0.11%
	ALKS	B	-0.11%
	PEB	D	-0.11%
	CRK	B	-0.11%
	ABCB	C	-0.11%
	CRSR	D	-0.11%
	PIPR	A	-0.11%
	CENT	F	-0.11%
	OXM	F	-0.11%
	PUMP	D	-0.11%
	ACIW	A	-0.11%
	HLX	C	-0.11%
	RES	C	-0.11%
	GDOT	C	-0.11%
	AEIS	B	-0.11%
	IART	F	-0.11%
	OTTR	F	-0.1%
	ZD	D	-0.1%
	BJRI	B	-0.1%
	CATY	B	-0.1%
	DIOD	F	-0.1%
	MNRO	B	-0.1%
	CUBI	F	-0.1%
	VVI	B	-0.1%
	SMP	D	-0.1%
	ROCK	D	-0.1%
	PJT	A	-0.1%
	VTOL	D	-0.1%
	UCBI	B	-0.1%
	VGR	B	-0.1%
	FOXF	F	-0.1%
	SFNC	B	-0.1%
	SHAK	A	-0.09%
	TGI	F	-0.09%
	UNIT	B	-0.09%
	POWL	B	-0.09%
	BANC	D	-0.09%
	FBP	B	-0.09%
	TILE	C	-0.09%
	FIZZ	F	-0.09%
	CNMD	F	-0.09%
	TDW	F	-0.09%
	AIN	F	-0.09%
	PRA	C	-0.09%
	SGH	D	-0.09%
	MTUS	F	-0.09%
	SMPL	D	-0.09%
	LESL	F	-0.09%
	ENV	C	-0.09%
	SCVL	D	-0.09%
	ASTE	F	-0.09%
	TNC	F	-0.09%
	MGY	B	-0.09%
	MMSI	C	-0.09%
	WSFS	D	-0.09%
	MRTN	F	-0.08%
	PBH	D	-0.08%
	ESE	C	-0.08%
	OMCL	C	-0.08%
	VIAV	C	-0.08%
	HSII	D	-0.08%
	WD	C	-0.08%
	HOPE	B	-0.08%
	NPO	C	-0.08%
	NX	F	-0.08%
	TRUP	B	-0.08%
	JBSS	F	-0.08%
	SNCY	F	-0.08%
	CNSL	A	-0.08%
	HTLD	F	-0.08%
	EZPW	C	-0.08%
	HAYW	C	-0.08%
	ADUS	D	-0.08%
	CCOI	B	-0.08%
	EXTR	D	-0.08%
	NWN	D	-0.08%
	NHC	D	-0.08%
	ACLS	F	-0.08%
	FFBC	D	-0.08%
	FHB	D	-0.08%
	RC	F	-0.08%
	WHD	A	-0.08%
	UFCS	D	-0.08%
	AUB	D	-0.08%
	ALRM	F	-0.07%
	ROG	D	-0.07%
	SMTC	C	-0.07%
	PLAB	D	-0.07%
	INDB	D	-0.07%
	NVEE	F	-0.07%
	TRMK	D	-0.07%
	SSTK	F	-0.07%
	SFBS	B	-0.07%
	BCPC	C	-0.07%
	CWT	D	-0.07%
	HWKN	B	-0.07%
	MCW	F	-0.07%
	IBTX	B	-0.07%
	RNST	D	-0.07%
	BOH	D	-0.07%
	EMBC	F	-0.07%
	SAFT	D	-0.07%
	CALX	C	-0.07%
	PAHC	C	-0.07%
	BOX	C	-0.07%
	MSGS	A	-0.07%
	PRAA	F	-0.07%
	TNDM	D	-0.06%
	MYGN	D	-0.06%
	AVAV	B	-0.06%
	PGNY	F	-0.06%
	INN	A	-0.06%
	SWI	B	-0.06%
	STEP	A	-0.06%
	EVTC	D	-0.06%
	KLIC	D	-0.06%
	BMI	A	-0.06%
	RWT	C	-0.06%
	BANR	B	-0.06%
	PRGS	A	-0.06%
	PFS	D	-0.06%
	GDEN	D	-0.06%
	VBTX	C	-0.06%
	MRCY	B	-0.06%
	THRY	F	-0.06%
	MYE	F	-0.06%
	HIW	C	-0.06%
	HPP	F	-0.06%
	BANF	D	-0.06%
	AGO	B	-0.06%
	OFG	D	-0.06%
	USNA	F	-0.06%
	CBU	D	-0.06%
	EIG	A	-0.06%
	VRRM	D	-0.06%
	CRVL	C	-0.06%
	ICHR	D	-0.06%
	PRFT	A	-0.06%
	VRTS	D	-0.06%
	CARG	C	-0.06%
	CSWI	A	-0.06%
	BRKL	D	-0.05%
	LNN	C	-0.05%
	RAMP	F	-0.05%
	AOSL	D	-0.05%
	CORT	B	-0.05%
	MOV	F	-0.05%
	HRMY	D	-0.05%
	BL	D	-0.05%
	KREF	C	-0.05%
	PRDO	D	-0.05%
	MGEE	C	-0.05%
	ETD	C	-0.05%
	AHH	F	-0.05%
	MPW	C	-0.05%
	CARS	F	-0.05%
	AVNS	D	-0.05%
	SJW	D	-0.05%
	FCF	D	-0.05%
	TBBK	A	-0.05%
	CVBF	B	-0.05%
	EGBN	C	-0.05%
	INSP	C	-0.05%
	GNL	D	-0.05%
	NWBI	D	-0.05%
	PPBI	D	-0.05%
	TR	D	-0.05%
	AMPH	C	-0.05%
	NBTB	D	-0.05%
	CPK	C	-0.05%
	DCOM	B	-0.05%
	FORM	D	-0.05%
	DOCN	B	-0.05%
	YOU	C	-0.05%
	CASH	C	-0.05%
	VECO	F	-0.05%
	CXM	F	-0.05%
	REX	D	-0.05%
	FBK	B	-0.05%
	HCI	B	-0.05%
	DFIN	B	-0.05%
	SXI	B	-0.05%
	PCRX	D	-0.05%
	SBCF	D	-0.05%
	MGPI	F	-0.05%
	UTL	D	-0.04%
	PRLB	F	-0.04%
	BDN	B	-0.04%
	ARLO	F	-0.04%
	PFBC	D	-0.04%
	SKT	A	-0.04%
	COHU	F	-0.04%
	RGR	F	-0.04%
	CTS	B	-0.04%
	KW	C	-0.04%
	MCRI	B	-0.04%
	IIIN	F	-0.04%
	ANIP	F	-0.04%
	STBA	D	-0.04%
	FBNC	B	-0.04%
	WRLD	F	-0.04%
	CLB	D	-0.04%
	LPG	F	-0.04%
	NEO	F	-0.04%
	AWR	B	-0.04%
	WDFC	B	-0.04%
	SPSC	D	-0.04%
	PRK	D	-0.04%
	COLL	A	-0.04%
	NBHC	D	-0.04%
	HLIT	D	-0.04%
	EPAC	A	-0.04%
	DV	F	-0.04%
	MARA	F	-0.04%
	BHLB	D	-0.04%
	MMI	D	-0.04%
	QNST	C	-0.04%
	HAYN	B	-0.04%
	NMIH	B	-0.04%
	SUPN	D	-0.04%
	USPH	F	-0.04%
	CPF	C	-0.03%
	IRWD	F	-0.03%
	ADMA	A	-0.03%
	CHCO	D	-0.03%
	PI	A	-0.03%
	AKR	B	-0.03%
	HASI	B	-0.03%
	CFFN	D	-0.03%
	STAA	D	-0.03%
	JOE	D	-0.03%
	CERT	F	-0.03%
	EFC	D	-0.03%
	GOGO	F	-0.03%
	PTGX	C	-0.03%
	XPEL	D	-0.03%
	HAFC	D	-0.03%
	LKFN	D	-0.03%
	EPRT	C	-0.03%
	SBSI	D	-0.03%
	CPRX	C	-0.03%
	UFPT	D	-0.03%
	VICR	C	-0.03%
	UE	C	-0.03%
	DGII	B	-0.03%
	AAT	C	-0.03%
	PLMR	A	-0.03%
	CHUY	B	-0.03%
	NABL	F	-0.03%
	MXL	D	-0.03%
	BSIG	D	-0.03%
	NARI	F	-0.03%
	LMAT	A	-0.02%
	RCUS	D	-0.02%
	CTKB	F	-0.02%
	TTGT	F	-0.02%
	MLAB	B	-0.02%
	MP	C	-0.02%
	CTRE	C	-0.02%
	DVAX	F	-0.02%
	TRST	D	-0.02%
	CSR	D	-0.02%
	FCPT	C	-0.02%
	NXRT	D	-0.02%
	AGYS	D	-0.02%
	ATEN	B	-0.02%
	BFS	C	-0.02%
	FLGT	F	-0.02%
	GSHD	B	-0.02%
	SHEN	F	-0.02%
	HSTM	B	-0.02%
	DEA	D	-0.02%
	HFWA	D	-0.02%
	AMSF	B	-0.02%
	WABC	F	-0.02%
	AMBC	F	-0.02%
	ROIC	C	-0.02%
	IIPR	C	-0.02%
	NPK	F	-0.02%
	INVA	B	-0.02%
	LQDT	C	-0.02%
	TMP	C	-0.02%
	GKOS	B	-0.02%
	TGTX	D	-0.02%
	VIR	F	-0.01%
	RGNX	F	-0.01%
	UHT	D	-0.01%
	CEVA	B	-0.01%
	BLFS	D	-0.01%
	LGND	C	-0.01%
	XNCR	D	-0.01%
	KRYS	D	-0.01%
	WSR	C	-0.01%
	MSEX	C	-0.01%
	PDFS	F	-0.01%
	SDGR	F	-0.01%
	SITM	A	-0.01%
	GTY	C	-0.01%
	LTC	D	-0.01%
	VCEL	F	-0.01%
	SLP	F	-0.0%

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 Aerospace & Defense Credit Services 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 Aerospace Banking Real Estate Investment Trust Bank Computing Mining Electricity Electronics Telecommunications Transport Beverage Clothing Dow Jones Component Retail Store Retailing

RWJ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Diversified Industrials Software - Application Packaged Foods Specialty Chemicals Oil & Gas Equipment & Services REIT - Retail Restaurants Asset Management Auto Parts Insurance - Property & Casualty Software - Infrastructure Specialty Retail Communication Equipment Drug Manufacturers - Specialty & Generic Electronic Components Medical Devices REIT - Hotel & Motel

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Commercial Bank Insurance Mining Semiconductor Transport Commercial Banking Mortgage Loan Retail Store Fashion Investment Management