MFUS vs. SCHV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Schwab U.S. Large-Cap Value ETF (SCHV)

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

$51.22

Average Daily Volume

5,789

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

SCHV

Schwab U.S. Large-Cap Value ETF

SCHV Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as "value" based on a number of factors. The index is a float-adjusted market capitalization weighted index.

Grade (RS Rating)

Last Trade

$27.25

Average Daily Volume

836,449

Number of Holdings ^*

512

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SCHV
30 Days	0.35%	0.63%
60 Days	4.44%	4.39%
90 Days	6.01%	6.68%
12 Months	31.84%	27.42%

384 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SCHV	Overlap
A	F	0.05%	0.16%	0.05%
AA	C	0.02%	0.05%	0.02%
ABBV	F	1.65%	1.44%	1.44%
ACI	C	0.01%	0.03%	0.01%
ACM	B	0.04%	0.06%	0.04%
ADM	F	0.24%	0.1%	0.1%
ADP	A	0.11%	0.51%	0.11%
AEP	D	0.08%	0.21%	0.08%
AES	F	0.01%	0.04%	0.01%
AFL	C	0.21%	0.22%	0.21%
AGCO	F	0.02%	0.02%	0.02%
AGNC	C	0.04%	0.03%	0.03%
AIG	B	0.36%	0.2%	0.2%
AIZ	A	0.08%	0.04%	0.04%
AJG	A	0.15%	0.26%	0.15%
AKAM	F	0.03%	0.06%	0.03%
ALL	B	0.25%	0.2%	0.2%
ALLY	C	0.05%	0.04%	0.04%
AMAT	F	0.55%	0.63%	0.55%
AMGN	F	1.03%	0.7%	0.7%
AMH	C	0.04%	0.05%	0.04%
AMP	A	0.17%	0.23%	0.17%
AMT	F	0.15%	0.37%	0.15%
AON	B	0.25%	0.34%	0.25%
AOS	F	0.09%	0.04%	0.04%
APG	C	0.02%	0.04%	0.02%
APH	B	0.12%	0.35%	0.12%
AR	B	0.04%	0.03%	0.03%
ARES	B	0.09%	0.13%	0.09%
ARMK	B	0.01%	0.04%	0.01%
ARW	F	0.04%	0.03%	0.03%
ATO	B	0.02%	0.09%	0.02%
ATR	A	0.08%	0.05%	0.05%
AVB	B	0.03%	0.13%	0.03%
AVY	F	0.1%	0.07%	0.07%
AXP	B	0.22%	0.67%	0.22%
AXTA	A	0.02%	0.04%	0.02%
AYI	A	0.1%	0.04%	0.04%
BAC	A	0.42%	1.24%	0.42%
BAH	C	0.18%	0.09%	0.09%
BALL	D	0.07%	0.07%	0.07%
BAX	F	0.05%	0.07%	0.05%
BBWI	C	0.01%	0.03%	0.01%
BBY	C	0.22%	0.07%	0.07%
BDX	F	0.12%	0.28%	0.12%
BEN	C	0.02%	0.03%	0.02%
BERY	D	0.06%	0.03%	0.03%
BIIB	F	0.07%	0.1%	0.07%
BJ	B	0.04%	0.05%	0.04%
BK	B	0.18%	0.23%	0.18%
BMY	B	0.4%	0.45%	0.4%
BR	A	0.16%	0.1%	0.1%
BRK.A	B	2.36%	3.48%	2.36%
BRKR	F	0.02%	0.03%	0.02%
BRO	B	0.12%	0.11%	0.11%
BSX	A	0.2%	0.52%	0.2%
BURL	C	0.03%	0.06%	0.03%
BWA	B	0.01%	0.03%	0.01%
BX	A	0.12%	0.52%	0.12%
BXP	D	0.02%	0.05%	0.02%
C	B	0.65%	0.53%	0.53%
CAG	F	0.04%	0.06%	0.04%
CAH	B	0.25%	0.11%	0.11%
CARR	C	0.05%	0.26%	0.05%
CAT	B	0.2%	0.82%	0.2%
CB	C	0.16%	0.43%	0.16%
CBRE	B	0.05%	0.16%	0.05%
CBSH	A	0.01%	0.03%	0.01%
CCI	F	0.07%	0.18%	0.07%
CCK	D	0.06%	0.05%	0.05%
CCL	B	0.02%	0.1%	0.02%
CDW	F	0.03%	0.11%	0.03%
CE	F	0.04%	0.04%	0.04%
CFG	B	0.04%	0.09%	0.04%
CFR	B	0.01%	0.04%	0.01%
CG	B	0.03%	0.05%	0.03%
CHD	A	0.07%	0.1%	0.07%
CHRW	A	0.13%	0.05%	0.05%
CI	D	0.13%	0.36%	0.13%
CINF	A	0.02%	0.09%	0.02%
CL	F	0.37%	0.3%	0.3%
CLX	A	0.13%	0.08%	0.08%
CMA	A	0.04%	0.04%	0.04%
CMCSA	B	0.16%	0.71%	0.16%
CME	B	0.14%	0.32%	0.14%
CMI	A	0.13%	0.2%	0.13%
CMS	D	0.03%	0.08%	0.03%
CNC	F	0.05%	0.13%	0.05%
COF	B	0.27%	0.3%	0.27%
COLD	F	0.03%	0.03%	0.03%
COP	C	0.07%	0.54%	0.07%
COR	B	0.17%	0.17%	0.17%
CPB	F	0.05%	0.04%	0.04%
CPT	C	0.06%	0.05%	0.05%
CRBG	C	0.05%	0.03%	0.03%
CSCO	A	0.65%	0.95%	0.65%
CSX	B	0.11%	0.29%	0.11%
CTAS	B	0.19%	0.3%	0.19%
CUBE	D	0.04%	0.04%	0.04%
CVS	F	0.66%	0.31%	0.31%
CVX	A	0.39%	1.09%	0.39%
CW	C	0.11%	0.06%	0.06%
D	D	0.07%	0.19%	0.07%
DCI	A	0.04%	0.04%	0.04%
DD	D	0.1%	0.14%	0.1%
DFS	B	0.09%	0.19%	0.09%
DG	F	0.1%	0.07%	0.07%
DGX	B	0.09%	0.07%	0.07%
DHI	D	0.07%	0.2%	0.07%
DINO	D	0.01%	0.03%	0.01%
DKS	D	0.08%	0.05%	0.05%
DLR	C	0.09%	0.22%	0.09%
DLTR	F	0.03%	0.05%	0.03%
DOV	A	0.02%	0.11%	0.02%
DOW	F	0.02%	0.14%	0.02%
DRI	B	0.03%	0.08%	0.03%
DTE	D	0.02%	0.1%	0.02%
DUK	D	0.14%	0.36%	0.14%
DVA	C	0.15%	0.03%	0.03%
EA	A	0.17%	0.15%	0.15%
EBAY	C	0.36%	0.12%	0.12%
ECL	C	0.08%	0.25%	0.08%
ED	D	0.06%	0.14%	0.06%
EHC	B	0.09%	0.04%	0.04%
EIX	C	0.05%	0.13%	0.05%
ELAN	C	0.01%	0.03%	0.01%
ELS	B	0.04%	0.05%	0.04%
EMN	D	0.04%	0.05%	0.04%
EMR	A	0.08%	0.29%	0.08%
EQH	B	0.08%	0.07%	0.07%
EQR	C	0.04%	0.1%	0.04%
ERIE	F	0.05%	0.04%	0.04%
ES	D	0.04%	0.09%	0.04%
ESS	C	0.04%	0.08%	0.04%
ETR	B	0.05%	0.13%	0.05%
EVRG	A	0.02%	0.06%	0.02%
EWBC	B	0.02%	0.06%	0.02%
EXC	C	0.07%	0.16%	0.07%
EXPD	C	0.11%	0.07%	0.07%
EXR	D	0.11%	0.14%	0.11%
F	C	0.15%	0.18%	0.15%
FANG	C	0.05%	0.14%	0.05%
FAST	B	0.13%	0.19%	0.13%
FE	D	0.03%	0.09%	0.03%
FFIV	B	0.06%	0.06%	0.06%
FHN	A	0.01%	0.04%	0.01%
FIS	B	0.08%	0.19%	0.08%
FITB	A	0.04%	0.13%	0.04%
FLEX	B	0.04%	0.06%	0.04%
FNF	C	0.03%	0.06%	0.03%
FOXA	A	0.11%	0.06%	0.06%
G	B	0.05%	0.03%	0.03%
GD	C	0.25%	0.32%	0.25%
GEHC	D	0.08%	0.16%	0.08%
GEN	B	0.1%	0.06%	0.06%
GGG	B	0.03%	0.06%	0.03%
GILD	B	0.87%	0.46%	0.46%
GIS	F	0.19%	0.15%	0.15%
GLPI	D	0.07%	0.05%	0.05%
GLW	B	0.21%	0.15%	0.15%
GM	B	0.37%	0.25%	0.25%
GME	C	0.01%	0.04%	0.01%
GNTX	C	0.05%	0.03%	0.03%
GS	B	0.36%	0.76%	0.36%
GWRE	A	0.02%	0.06%	0.02%
HBAN	A	0.03%	0.1%	0.03%
HCA	D	0.27%	0.26%	0.26%
HD	B	0.62%	1.56%	0.62%
HIG	C	0.06%	0.14%	0.06%
HII	F	0.02%	0.03%	0.02%
HOLX	D	0.04%	0.08%	0.04%
HPE	B	0.11%	0.11%	0.11%
HPQ	B	0.29%	0.15%	0.15%
HRL	F	0.02%	0.04%	0.02%
HSIC	F	0.03%	0.04%	0.03%
HST	D	0.02%	0.05%	0.02%
HSY	F	0.06%	0.11%	0.06%
HUBB	C	0.03%	0.1%	0.03%
HWM	B	0.15%	0.19%	0.15%
IBM	D	1.07%	0.8%	0.8%
ICE	C	0.29%	0.36%	0.29%
IEX	B	0.09%	0.07%	0.07%
IFF	F	0.03%	0.09%	0.03%
INCY	B	0.01%	0.05%	0.01%
INTC	C	0.19%	0.43%	0.19%
INVH	D	0.04%	0.08%	0.04%
IP	B	0.09%	0.08%	0.08%
IPG	F	0.04%	0.05%	0.04%
IR	A	0.08%	0.17%	0.08%
IRM	D	0.13%	0.14%	0.13%
ITT	A	0.08%	0.05%	0.05%
ITW	B	0.1%	0.3%	0.1%
IVZ	B	0.03%	0.03%	0.03%
JBL	C	0.03%	0.06%	0.03%
JCI	A	0.06%	0.22%	0.06%
JEF	B	0.02%	0.05%	0.02%
JKHY	C	0.11%	0.05%	0.05%
JLL	C	0.06%	0.05%	0.05%
JNJ	D	1.27%	1.54%	1.27%
JNPR	D	0.14%	0.05%	0.05%
JPM	A	0.93%	2.85%	0.93%
K	A	0.15%	0.09%	0.09%
KBR	D	0.02%	0.04%	0.02%
KDP	C	0.07%	0.15%	0.07%
KEY	B	0.02%	0.08%	0.02%
KHC	F	0.16%	0.12%	0.12%
KIM	A	0.02%	0.07%	0.02%
KKR	B	0.14%	0.42%	0.14%
KMB	D	0.17%	0.18%	0.17%
KMI	B	0.1%	0.21%	0.1%
KNX	C	0.01%	0.04%	0.01%
KO	F	1.07%	1.0%	1.0%
KR	A	0.37%	0.16%	0.16%
L	A	0.06%	0.06%	0.06%
LAD	B	0.02%	0.04%	0.02%
LAMR	D	0.05%	0.05%	0.05%
LDOS	C	0.13%	0.11%	0.11%
LEA	F	0.01%	0.02%	0.01%
LECO	C	0.06%	0.05%	0.05%
LEN	D	0.07%	0.17%	0.07%
LHX	B	0.27%	0.2%	0.2%
LMT	D	0.78%	0.48%	0.48%
LNT	C	0.02%	0.06%	0.02%
LNW	F	0.02%	0.04%	0.02%
LOW	B	0.36%	0.61%	0.36%
LW	B	0.03%	0.05%	0.03%
LYB	F	0.16%	0.09%	0.09%
MAA	C	0.02%	0.07%	0.02%
MANH	C	0.03%	0.07%	0.03%
MAS	D	0.06%	0.07%	0.06%
MASI	B	0.03%	0.03%	0.03%
MCD	C	0.54%	0.86%	0.54%
MDLZ	F	0.24%	0.36%	0.24%
MET	C	0.32%	0.2%	0.2%
MHK	D	0.01%	0.03%	0.01%
MKC	D	0.06%	0.08%	0.06%
MKTX	C	0.02%	0.04%	0.02%
MMC	D	0.2%	0.45%	0.2%
MMM	C	0.58%	0.3%	0.3%
MNST	B	0.07%	0.16%	0.07%
MO	A	0.73%	0.38%	0.38%
MORN	B	0.03%	0.04%	0.03%
MOS	D	0.01%	0.04%	0.01%
MPC	D	0.32%	0.21%	0.21%
MRK	F	0.89%	1.04%	0.89%
MRO	B	0.03%	0.07%	0.03%
MS	A	0.2%	0.66%	0.2%
MSI	B	0.19%	0.32%	0.19%
MTB	A	0.04%	0.15%	0.04%
MTN	C	0.05%	0.03%	0.03%
MU	D	0.17%	0.5%	0.17%
NDAQ	B	0.05%	0.13%	0.05%
NDSN	B	0.04%	0.06%	0.04%
NEE	D	0.24%	0.62%	0.24%
NEM	F	0.18%	0.21%	0.18%
NI	A	0.02%	0.06%	0.02%
NKE	F	0.06%	0.37%	0.06%
NNN	F	0.01%	0.03%	0.01%
NOC	D	0.37%	0.29%	0.29%
NRG	C	0.07%	0.08%	0.07%
NSC	B	0.07%	0.25%	0.07%
NTAP	D	0.1%	0.1%	0.1%
NTRS	A	0.03%	0.09%	0.03%
NUE	D	0.08%	0.16%	0.08%
NWSA	B	0.04%	0.06%	0.04%
O	D	0.06%	0.2%	0.06%
OC	A	0.02%	0.06%	0.02%
OHI	C	0.02%	0.04%	0.02%
OKE	A	0.09%	0.24%	0.09%
OMC	A	0.06%	0.08%	0.06%
ORCL	A	1.42%	1.18%	1.18%
OTIS	D	0.08%	0.16%	0.08%
PAG	B	0.02%	0.01%	0.01%
PARA	B	0.01%	0.03%	0.01%
PAYX	B	0.04%	0.19%	0.04%
PEG	C	0.06%	0.17%	0.06%
PEP	D	0.76%	0.92%	0.76%
PFE	F	0.62%	0.63%	0.62%
PFG	C	0.01%	0.07%	0.01%
PG	C	1.03%	1.54%	1.03%
PHM	D	0.1%	0.11%	0.1%
PKG	B	0.1%	0.09%	0.09%
PM	B	0.92%	0.79%	0.79%
PNC	B	0.11%	0.33%	0.11%
PNR	A	0.02%	0.07%	0.02%
PNW	A	0.01%	0.04%	0.01%
POST	D	0.05%	0.02%	0.02%
PPC	C	0.01%	0.01%	0.01%
PPG	F	0.05%	0.12%	0.05%
PPL	A	0.04%	0.1%	0.04%
PRU	B	0.23%	0.18%	0.18%
PSA	D	0.1%	0.21%	0.1%
PSX	C	0.22%	0.22%	0.22%
PWR	B	0.12%	0.19%	0.12%
PYPL	A	0.12%	0.34%	0.12%
QCOM	F	0.8%	0.78%	0.78%
RCL	A	0.09%	0.22%	0.09%
RF	A	0.02%	0.1%	0.02%
RGA	A	0.06%	0.06%	0.06%
RGLD	C	0.04%	0.04%	0.04%
RHI	B	0.02%	0.03%	0.02%
ROL	C	0.06%	0.06%	0.06%
RPM	A	0.13%	0.07%	0.07%
RPRX	F	0.03%	0.04%	0.03%
RS	C	0.04%	0.07%	0.04%
RSG	B	0.13%	0.17%	0.13%
RTX	D	0.22%	0.66%	0.22%
SBUX	B	0.1%	0.44%	0.1%
SCHW	B	0.05%	0.46%	0.05%
SCI	B	0.07%	0.05%	0.05%
SEIC	A	0.08%	0.03%	0.03%
SJM	F	0.04%	0.05%	0.04%
SLB	C	0.01%	0.25%	0.01%
SO	D	0.13%	0.39%	0.13%
SPG	A	0.16%	0.22%	0.16%
SRE	B	0.07%	0.23%	0.07%
SSNC	C	0.02%	0.06%	0.02%
STE	D	0.08%	0.09%	0.08%
STLD	C	0.04%	0.09%	0.04%
SUI	F	0.05%	0.06%	0.05%
SYF	B	0.27%	0.11%	0.11%
SYY	D	0.13%	0.15%	0.13%
T	A	0.74%	0.65%	0.65%
TAP	B	0.08%	0.04%	0.04%
TER	F	0.03%	0.07%	0.03%
TFC	B	0.08%	0.26%	0.08%
TFX	F	0.03%	0.04%	0.03%
TGT	C	0.75%	0.28%	0.28%
THC	B	0.28%	0.06%	0.06%
TJX	A	0.36%	0.53%	0.36%
TOL	B	0.06%	0.06%	0.06%
TPR	A	0.01%	0.05%	0.01%
TPX	B	0.03%	0.04%	0.03%
TROW	A	0.09%	0.11%	0.09%
TRV	B	0.2%	0.23%	0.2%
TSCO	D	0.11%	0.13%	0.11%
TSN	B	0.17%	0.07%	0.07%
TTC	F	0.06%	0.04%	0.04%
TTEK	F	0.02%	0.05%	0.02%
TXN	B	0.3%	0.8%	0.3%
UAL	A	0.01%	0.12%	0.01%
UDR	C	0.03%	0.05%	0.03%
UHAL	D	0.01%	0.03%	0.01%
UHAL	D	0.02%	0.03%	0.02%
UHS	D	0.06%	0.05%	0.05%
UNM	A	0.04%	0.05%	0.04%
UNP	D	0.51%	0.61%	0.51%
UPS	C	0.25%	0.4%	0.25%
USB	B	0.1%	0.32%	0.1%
USFD	B	0.05%	0.07%	0.05%
UTHR	B	0.19%	0.07%	0.07%
VFC	C	0.02%	0.03%	0.02%
VLO	C	0.16%	0.18%	0.16%
VLTO	D	0.04%	0.1%	0.04%
VRSK	A	0.16%	0.16%	0.16%
VRSN	C	0.04%	0.06%	0.04%
VST	B	0.2%	0.18%	0.18%
VTR	C	0.04%	0.11%	0.04%
VTRS	B	0.13%	0.06%	0.06%
VZ	D	1.03%	0.7%	0.7%
WAB	B	0.05%	0.14%	0.05%
WAL	B	0.02%	0.04%	0.02%
WBA	D	0.13%	0.03%	0.03%
WBS	A	0.01%	0.04%	0.01%
WCC	B	0.08%	0.04%	0.04%
WDC	D	0.08%	0.09%	0.08%
WELL	B	0.12%	0.31%	0.12%
WFC	A	0.87%	1.0%	0.87%
WH	A	0.04%	0.03%	0.03%
WM	A	0.28%	0.32%	0.28%
WMB	B	0.1%	0.27%	0.1%
WMT	A	1.72%	1.47%	1.47%
WPC	F	0.03%	0.05%	0.03%
WRB	B	0.02%	0.07%	0.02%
WSM	F	0.19%	0.07%	0.07%
WSO	B	0.16%	0.07%	0.07%
WTW	A	0.11%	0.13%	0.11%
WWD	B	0.01%	0.04%	0.01%
XOM	B	0.44%	2.18%	0.44%
XPO	B	0.03%	0.07%	0.03%
XYL	F	0.11%	0.12%	0.11%
YUM	B	0.14%	0.15%	0.14%
ZBRA	B	0.04%	0.08%	0.04%
ZION	B	0.02%	0.04%	0.02%

MFUS Overweight 431 Positions Relative to SCHV

Symbol	Grade	Weight
LLY	F	2.52%
META	B	2.36%
NVDA	A	1.82%
AMZN	A	1.64%
AVGO	C	1.63%
COST	B	1.33%
AAPL	C	0.96%
UNH	B	0.77%
PGR	A	0.57%
GE	D	0.56%
MCK	B	0.56%
NFLX	A	0.48%
TMUS	A	0.42%
BKNG	A	0.41%
REGN	F	0.4%
NOW	A	0.34%
CHTR	B	0.3%
V	A	0.3%
TMO	F	0.3%
SPGI	C	0.29%
ISRG	A	0.28%
MA	B	0.28%
AZO	B	0.28%
DHR	F	0.26%
ANF	C	0.25%
KLAC	F	0.24%
SFM	B	0.24%
ACN	B	0.24%
VRTX	B	0.23%
PANW	B	0.23%
FICO	B	0.22%
SHW	A	0.22%
UBER	F	0.22%
GWW	B	0.21%
LII	B	0.21%
ORLY	A	0.2%
CMG	B	0.2%
LRCX	F	0.18%
FI	A	0.18%
RMD	C	0.17%
DECK	B	0.16%
CASY	B	0.16%
PLTR	B	0.16%
ELV	F	0.16%
ANET	C	0.15%
MUSA	B	0.15%
TDG	D	0.15%
PH	A	0.14%
MCO	C	0.14%
IT	B	0.14%
DPZ	C	0.13%
EVR	B	0.12%
CACI	C	0.11%
BWXT	B	0.11%
CEG	D	0.11%
GDDY	B	0.11%
EFX	F	0.11%
NVR	D	0.1%
TRGP	B	0.1%
CRS	B	0.1%
JXN	C	0.1%
DASH	A	0.1%
ALSN	B	0.1%
GPI	B	0.09%
LSTR	B	0.09%
ADSK	B	0.09%
CALM	B	0.09%
URI	B	0.09%
HLT	A	0.09%
TMHC	B	0.09%
MTD	F	0.09%
ABG	B	0.08%
HCC	C	0.08%
HRB	D	0.08%
HLI	B	0.08%
AEO	F	0.08%
MPWR	F	0.08%
SMCI	F	0.08%
CPRT	A	0.08%
GPK	D	0.08%
MLI	B	0.08%
TYL	B	0.08%
SLG	C	0.08%
CNX	B	0.07%
EXP	B	0.07%
MSCI	B	0.07%
COIN	B	0.07%
R	B	0.07%
BCC	B	0.07%
TTWO	A	0.07%
ALNY	D	0.07%
BKR	B	0.07%
THO	B	0.07%
MLM	B	0.07%
POOL	D	0.07%
LPX	A	0.07%
VNO	C	0.07%
BTU	C	0.06%
ATGE	C	0.06%
CMC	B	0.06%
NXST	C	0.06%
FCN	F	0.06%
KTB	A	0.06%
STZ	D	0.06%
CHE	D	0.06%
GAP	B	0.06%
TPH	C	0.06%
TW	B	0.06%
BC	D	0.06%
WAT	B	0.06%
WEN	C	0.06%
SEE	C	0.06%
MMS	F	0.06%
TXRH	A	0.06%
LPLA	A	0.06%
PK	C	0.06%
AMG	B	0.06%
AN	C	0.06%
MSM	C	0.06%
FTNT	B	0.06%
MTH	D	0.06%
ROP	A	0.06%
INGR	B	0.06%
APP	B	0.06%
WU	F	0.06%
UFPI	B	0.06%
SKYW	B	0.06%
URBN	C	0.05%
NFG	D	0.05%
WST	B	0.05%
OGN	F	0.05%
SMG	D	0.05%
COOP	B	0.05%
GVA	B	0.05%
HBI	B	0.05%
EXEL	B	0.05%
SLGN	B	0.05%
TEX	D	0.05%
ANSS	B	0.05%
VIRT	B	0.05%
CRI	D	0.05%
IDXX	F	0.05%
ZTS	D	0.05%
BFH	B	0.05%
CBT	C	0.05%
IBKR	A	0.05%
LUMN	C	0.05%
NSIT	F	0.05%
SLM	A	0.05%
FCNCA	B	0.05%
SQ	B	0.05%
FIX	B	0.05%
GNRC	B	0.05%
DOX	C	0.04%
ADBE	C	0.04%
TRN	B	0.04%
CDP	C	0.04%
SEM	C	0.04%
SON	F	0.04%
CLH	B	0.04%
AVT	C	0.04%
BDC	C	0.04%
LANC	C	0.04%
CVLT	B	0.04%
JWN	B	0.04%
SANM	C	0.04%
RUSHA	B	0.04%
PSTG	D	0.04%
HUBG	A	0.04%
PRIM	B	0.04%
FDS	A	0.04%
WTM	A	0.04%
GBX	A	0.04%
BLDR	C	0.04%
SLVM	C	0.04%
HEI	A	0.04%
BHF	B	0.04%
ULTA	C	0.04%
AROC	B	0.04%
FLO	F	0.04%
GEO	B	0.04%
OLN	F	0.04%
FL	F	0.04%
ATI	F	0.04%
LOPE	B	0.04%
FTI	B	0.04%
NBIX	C	0.04%
CPNG	B	0.04%
CTVA	C	0.04%
GATX	B	0.04%
TKR	F	0.04%
JHG	A	0.04%
SIG	B	0.04%
CRUS	F	0.04%
PTC	B	0.04%
EME	B	0.04%
MAC	B	0.04%
MAR	A	0.04%
KD	A	0.04%
TDS	C	0.04%
CNO	B	0.04%
THG	A	0.04%
SRCL	B	0.04%
TGNA	B	0.04%
MHO	D	0.04%
MOG.A	B	0.04%
ABM	B	0.04%
UNF	B	0.03%
XRAY	F	0.03%
DRH	C	0.03%
HXL	F	0.03%
ORA	B	0.03%
BKE	A	0.03%
RYN	F	0.03%
APAM	B	0.03%
OI	C	0.03%
OMF	A	0.03%
SBAC	D	0.03%
WHR	B	0.03%
LNC	B	0.03%
VC	F	0.03%
FHI	A	0.03%
BKU	A	0.03%
MAN	F	0.03%
AMKR	F	0.03%
PRG	B	0.03%
PLXS	C	0.03%
DELL	C	0.03%
DDS	B	0.03%
APLE	B	0.03%
COHR	C	0.03%
LBRDK	C	0.03%
MC	B	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	B	0.03%
CPAY	A	0.03%
RL	B	0.03%
AVA	C	0.03%
X	D	0.03%
AVTR	F	0.03%
SM	C	0.03%
DBRG	F	0.03%
SHOO	D	0.03%
MATX	B	0.03%
BLD	F	0.03%
ASO	F	0.03%
OSK	B	0.03%
HOOD	B	0.03%
NYT	C	0.03%
KBH	D	0.03%
AWI	B	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	F	0.02%
TTMI	B	0.02%
DNOW	B	0.02%
LAUR	B	0.02%
LXP	D	0.02%
SNV	B	0.02%
BHE	C	0.02%
SATS	D	0.02%
JBLU	C	0.02%
CSL	B	0.02%
LEG	F	0.02%
ODFL	B	0.02%
OSIS	B	0.02%
VSH	F	0.02%
ANDE	D	0.02%
TDC	F	0.02%
HNI	B	0.02%
HP	C	0.02%
WKC	C	0.02%
SNDR	B	0.02%
NSP	F	0.02%
NAVI	D	0.02%
MDU	D	0.02%
ODP	F	0.02%
PMT	D	0.02%
VVV	B	0.02%
M	C	0.02%
RLJ	C	0.02%
EPC	F	0.02%
APOG	B	0.02%
PFSI	D	0.02%
SAM	B	0.02%
YELP	C	0.02%
PBF	F	0.02%
NWL	B	0.02%
AIR	B	0.02%
SXT	B	0.02%
NTCT	B	0.02%
VSCO	B	0.02%
MCY	B	0.02%
XHR	B	0.02%
DLB	D	0.02%
SKX	F	0.02%
DORM	B	0.02%
HAE	B	0.02%
CTLT	D	0.02%
SBH	A	0.02%
CC	C	0.02%
GHC	B	0.02%
FAF	C	0.02%
HOG	D	0.02%
CXW	B	0.02%
GEF	B	0.02%
WMS	F	0.02%
RRC	B	0.02%
KSS	D	0.02%
KMPR	A	0.02%
DK	D	0.02%
PVH	C	0.02%
THS	F	0.02%
MSA	D	0.02%
STC	C	0.02%
MTG	C	0.02%
VSTO	A	0.02%
GMED	B	0.02%
COKE	C	0.02%
ADNT	D	0.02%
PDCO	F	0.02%
LZB	B	0.02%
PINC	B	0.02%
NEU	C	0.02%
PSN	C	0.02%
PNM	B	0.02%
ACA	B	0.02%
JBHT	C	0.02%
WERN	B	0.02%
AAP	C	0.01%
SVC	F	0.01%
QRVO	F	0.01%
NOV	C	0.01%
CPRI	F	0.01%
SCL	C	0.01%
RKT	F	0.01%
MLKN	D	0.01%
MKSI	C	0.01%
CACC	D	0.01%
IMKTA	B	0.01%
CNXN	C	0.01%
WOR	F	0.01%
ECPG	C	0.01%
ARI	C	0.01%
IGT	F	0.01%
RDN	C	0.01%
HTH	B	0.01%
GIII	C	0.01%
UVV	B	0.01%
SR	C	0.01%
WGO	B	0.01%
SSB	B	0.01%
ARCH	B	0.01%
CVI	F	0.01%
ALEX	B	0.01%
UGI	D	0.01%
SEB	F	0.01%
OUT	B	0.01%
RVTY	C	0.01%
PB	B	0.01%
XRX	F	0.01%
SWX	B	0.01%
KALU	C	0.01%
CNS	C	0.01%
CENTA	C	0.01%
ESI	B	0.01%
SHO	D	0.01%
SPR	F	0.01%
WAFD	B	0.01%
JELD	F	0.01%
JBGS	F	0.01%
SIGI	B	0.01%
PECO	B	0.01%
AMED	F	0.01%
WMK	B	0.01%
CLF	F	0.01%
OMI	F	0.01%
BRC	B	0.01%
DY	C	0.01%
FDP	B	0.01%
STRA	C	0.01%
DAN	D	0.01%
FELE	B	0.01%
SPB	A	0.01%
CNM	D	0.01%
KN	B	0.01%
ONB	B	0.01%
IDCC	B	0.01%
TNET	C	0.01%
DXC	B	0.01%
CROX	F	0.01%
CSGS	B	0.01%
WTFC	B	0.01%
CADE	B	0.01%
ESNT	D	0.01%
LADR	B	0.01%
CR	B	0.01%
SAIC	D	0.01%
FLR	C	0.01%
H	B	0.01%
ESAB	B	0.01%
MUR	D	0.01%
RBC	B	0.01%
DTM	A	0.01%
GOLF	B	0.01%
GES	F	0.01%
ALGN	D	0.01%
IOSP	B	0.01%
PTEN	C	0.01%
SCS	B	0.01%
NNI	C	0.01%
SAH	B	0.01%
PSMT	D	0.01%
KEX	A	0.01%
AMWD	B	0.01%
ICUI	D	0.01%
ADC	A	0.01%
CWEN	D	0.01%
BMRN	F	0.01%
VNT	C	0.01%
FYBR	D	0.01%
DEI	B	0.01%
SF	A	0.01%
GT	C	0.01%
FR	D	0.01%
SCCO	F	0.0%
NOMD	F	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 129 Positions Relative to SCHV

Symbol	Grade	Weight
ABT	C	-0.82%
DIS	B	-0.73%
ETN	B	-0.58%
HON	B	-0.57%
SYK	A	-0.51%
MDT	D	-0.47%
ADI	D	-0.46%
BA	F	-0.44%
PLD	D	-0.43%
DE	D	-0.42%
TT	B	-0.36%
EOG	A	-0.29%
APD	B	-0.28%
FCX	F	-0.27%
FDX	B	-0.26%
PCAR	B	-0.25%
NXPI	F	-0.24%
ROST	D	-0.19%
PCG	A	-0.18%
AME	A	-0.18%
KVUE	A	-0.17%
CTSH	A	-0.16%
MCHP	F	-0.16%
DAL	A	-0.16%
XEL	A	-0.15%
ACGL	C	-0.15%
ROK	B	-0.14%
OXY	F	-0.14%
ON	F	-0.13%
GRMN	A	-0.13%
VICI	D	-0.13%
STT	B	-0.12%
GPN	B	-0.12%
RJF	A	-0.12%
WEC	B	-0.12%
FTV	C	-0.11%
AWK	D	-0.11%
SW	B	-0.11%
HAL	C	-0.11%
KEYS	C	-0.11%
EQT	B	-0.1%
DVN	F	-0.1%
CBOE	D	-0.09%
EXPE	B	-0.09%
STX	D	-0.09%
ZBH	C	-0.09%
WY	F	-0.09%
AEE	B	-0.09%
SNA	A	-0.08%
LUV	B	-0.08%
CNP	B	-0.08%
LH	B	-0.08%
TRU	D	-0.08%
RBA	B	-0.07%
NTNX	B	-0.07%
TXT	D	-0.07%
GPC	D	-0.07%
ARE	F	-0.07%
TRMB	B	-0.07%
LVS	C	-0.07%
CTRA	B	-0.07%
J	D	-0.07%
SWK	F	-0.06%
APTV	F	-0.06%
SWKS	F	-0.06%
AMCR	D	-0.06%
EL	F	-0.06%
CF	B	-0.06%
DOC	C	-0.06%
ENTG	F	-0.06%
OVV	C	-0.05%
ALB	C	-0.05%
REG	A	-0.05%
Z	B	-0.05%
TECH	D	-0.05%
KMX	B	-0.05%
RRX	B	-0.05%
BG	D	-0.05%
NCLH	B	-0.05%
ALLE	D	-0.05%
SNAP	C	-0.05%
SOFI	B	-0.05%
NVT	C	-0.05%
MGM	D	-0.04%
ORI	A	-0.04%
CZR	F	-0.04%
ONTO	F	-0.04%
APA	F	-0.04%
AAL	B	-0.04%
PR	C	-0.04%
REXR	F	-0.04%
SNX	C	-0.04%
AFG	A	-0.04%
MTCH	F	-0.04%
CIEN	B	-0.04%
GL	B	-0.04%
LKQ	C	-0.04%
WTRG	C	-0.04%
CNH	D	-0.04%
SOLV	C	-0.04%
FBIN	F	-0.04%
STWD	C	-0.03%
DAR	B	-0.03%
JAZZ	B	-0.03%
ALV	C	-0.03%
CGNX	C	-0.03%
LSCC	D	-0.03%
FMC	F	-0.03%
WEX	D	-0.03%
BSY	F	-0.03%
MIDD	D	-0.03%
WYNN	C	-0.03%
CHRD	D	-0.03%
VOYA	B	-0.03%
HAS	D	-0.03%
OGE	B	-0.03%
FRT	B	-0.03%
EGP	D	-0.03%
WLK	F	-0.02%
ST	F	-0.02%
SIRI	C	-0.02%
REYN	D	-0.01%
LCID	F	-0.01%
AGR	C	-0.01%
BOKF	B	-0.01%
COTY	D	-0.01%
ADTN	B	-0.01%
CNA	C	-0.0%
UI	B	-0.0%