MFUS vs. SHE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SHE
30 Days	2.73%	2.93%
60 Days	3.41%	5.56%
90 Days	5.38%	7.44%
12 Months	32.49%	34.03%

177 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SHE	Overlap
AAPL	C	0.97%	4.14%	0.97%
ACI	C	0.01%	0.02%	0.01%
ACM	A	0.04%	0.05%	0.04%
ACN	C	0.24%	4.39%	0.24%
ADM	D	0.23%	0.08%	0.08%
ADSK	A	0.09%	1.25%	0.09%
AEP	D	0.08%	0.16%	0.08%
AIG	B	0.34%	0.19%	0.19%
AIZ	A	0.09%	0.04%	0.04%
AKAM	D	0.02%	0.22%	0.02%
ALL	A	0.26%	0.18%	0.18%
ALNY	D	0.06%	0.12%	0.06%
AMH	D	0.04%	0.04%	0.04%
ANSS	B	0.05%	0.49%	0.05%
AVB	B	0.03%	0.11%	0.03%
AXP	A	0.23%	0.65%	0.23%
BAC	A	0.45%	1.2%	0.45%
BBWI	D	0.01%	0.04%	0.01%
BBY	D	0.2%	0.09%	0.09%
BIIB	F	0.06%	0.09%	0.06%
BK	A	0.18%	0.21%	0.18%
BKNG	A	0.42%	1.33%	0.42%
BKR	B	0.08%	0.14%	0.08%
BR	A	0.17%	0.1%	0.1%
BURL	A	0.03%	0.15%	0.03%
C	A	0.7%	0.51%	0.51%
CAH	B	0.27%	0.11%	0.11%
CARR	D	0.05%	0.19%	0.05%
CAT	B	0.2%	0.94%	0.2%
CDW	F	0.03%	0.44%	0.03%
CE	F	0.02%	0.03%	0.02%
CHD	B	0.07%	0.08%	0.07%
CHTR	C	0.3%	0.18%	0.18%
CI	F	0.13%	0.32%	0.13%
CL	D	0.36%	0.26%	0.26%
CLX	B	0.13%	0.08%	0.08%
CMG	B	0.2%	0.63%	0.2%
CMI	A	0.14%	0.24%	0.14%
CMS	C	0.03%	0.06%	0.03%
CNC	D	0.04%	0.12%	0.04%
COF	B	0.29%	0.24%	0.24%
COR	B	0.17%	0.15%	0.15%
COST	B	1.36%	1.13%	1.13%
CPB	D	0.04%	0.03%	0.03%
CSCO	B	0.68%	4.03%	0.68%
CVS	D	0.67%	0.25%	0.25%
CVX	A	0.39%	0.98%	0.39%
D	C	0.07%	0.23%	0.07%
DD	D	0.1%	0.1%	0.1%
DECK	A	0.17%	0.14%	0.14%
DG	F	0.08%	0.07%	0.07%
DHI	D	0.06%	0.22%	0.06%
DKS	C	0.08%	0.08%	0.08%
DLR	B	0.09%	0.22%	0.09%
DOW	F	0.02%	0.11%	0.02%
DTE	C	0.02%	0.11%	0.02%
DUK	C	0.13%	0.27%	0.13%
EA	A	0.19%	0.12%	0.12%
EBAY	D	0.36%	0.14%	0.14%
ECL	D	0.08%	0.2%	0.08%
ED	D	0.06%	0.13%	0.06%
EIX	B	0.05%	0.13%	0.05%
EMR	A	0.09%	0.25%	0.09%
EQR	B	0.04%	0.09%	0.04%
ETR	B	0.05%	0.11%	0.05%
EXC	C	0.07%	0.13%	0.07%
EXR	D	0.11%	0.12%	0.11%
FANG	D	0.05%	0.11%	0.05%
FDS	B	0.04%	0.07%	0.04%
FIS	C	0.07%	0.17%	0.07%
FITB	A	0.04%	0.12%	0.04%
FTNT	C	0.07%	1.08%	0.07%
GDDY	A	0.12%	0.47%	0.12%
GE	D	0.56%	0.58%	0.56%
GILD	C	0.84%	0.42%	0.42%
GIS	D	0.17%	0.13%	0.13%
GWW	B	0.22%	0.17%	0.17%
HIG	B	0.06%	0.15%	0.06%
HLT	A	0.1%	0.53%	0.1%
HRL	D	0.02%	0.04%	0.02%
HST	C	0.02%	0.06%	0.02%
HSY	F	0.05%	0.1%	0.05%
HUBB	B	0.03%	0.09%	0.03%
IDXX	F	0.05%	0.14%	0.05%
IFF	D	0.03%	0.07%	0.03%
INCY	C	0.01%	0.05%	0.01%
INTC	D	0.19%	1.87%	0.19%
INVH	D	0.04%	0.09%	0.04%
IPG	D	0.04%	0.05%	0.04%
IRM	D	0.12%	0.13%	0.12%
ITW	B	0.1%	0.29%	0.1%
JCI	C	0.07%	0.24%	0.07%
JNJ	D	1.2%	1.41%	1.2%
JPM	A	0.99%	2.69%	0.99%
KEY	B	0.03%	0.07%	0.03%
KIM	A	0.02%	0.07%	0.02%
KO	D	1.01%	0.99%	0.99%
KR	B	0.37%	0.15%	0.15%
LDOS	C	0.11%	0.1%	0.1%
LLY	F	2.3%	2.32%	2.3%
LOW	D	0.35%	0.96%	0.35%
LPLA	A	0.07%	0.08%	0.07%
LYB	F	0.15%	0.07%	0.07%
MAA	B	0.02%	0.07%	0.02%
MAR	B	0.04%	0.65%	0.04%
MCK	B	0.64%	0.31%	0.31%
MCO	B	0.14%	0.33%	0.14%
META	D	2.32%	4.59%	2.32%
MMC	B	0.2%	0.43%	0.2%
MMM	D	0.58%	0.25%	0.25%
MRK	F	0.83%	0.89%	0.83%
MTB	A	0.04%	0.14%	0.04%
NBIX	C	0.04%	0.04%	0.04%
NEM	D	0.17%	0.2%	0.17%
NFLX	A	0.55%	1.78%	0.55%
NKE	D	0.06%	0.42%	0.06%
NOC	D	0.35%	0.31%	0.31%
NSC	B	0.07%	0.18%	0.07%
NTRS	A	0.03%	0.08%	0.03%
NVDA	C	1.9%	4.79%	1.9%
NWSA	B	0.04%	0.03%	0.03%
O	D	0.06%	0.16%	0.06%
OC	A	0.02%	0.06%	0.02%
OMC	C	0.06%	0.07%	0.06%
PARA	C	0.01%	0.04%	0.01%
PEG	A	0.06%	0.17%	0.06%
PFG	D	0.01%	0.08%	0.01%
PG	A	1.04%	1.5%	1.04%
PGR	A	0.59%	0.67%	0.59%
PNC	B	0.12%	0.32%	0.12%
PNR	A	0.02%	0.07%	0.02%
PPL	B	0.04%	0.09%	0.04%
PRU	A	0.23%	0.19%	0.19%
PSA	D	0.09%	0.19%	0.09%
PSX	C	0.23%	0.15%	0.15%
RCL	A	0.11%	0.31%	0.11%
RF	A	0.02%	0.09%	0.02%
RPM	A	0.13%	0.05%	0.05%
RTX	C	0.22%	0.5%	0.22%
SBUX	A	0.09%	0.94%	0.09%
SCHW	B	0.05%	0.47%	0.05%
SJM	D	0.04%	0.05%	0.04%
SPG	B	0.17%	0.22%	0.17%
SPGI	C	0.29%	0.58%	0.29%
SQ	B	0.07%	0.17%	0.07%
SSNC	B	0.02%	0.07%	0.02%
STZ	D	0.05%	0.12%	0.05%
SYF	B	0.31%	0.09%	0.09%
T	A	0.75%	0.63%	0.63%
TFC	A	0.09%	0.24%	0.09%
TFX	F	0.02%	0.03%	0.02%
TGT	F	0.59%	0.27%	0.27%
TJX	A	0.38%	1.21%	0.38%
TMUS	B	0.43%	0.52%	0.43%
TROW	B	0.09%	0.09%	0.09%
TSCO	D	0.11%	0.26%	0.11%
TSN	B	0.18%	0.05%	0.05%
TTWO	A	0.08%	0.09%	0.08%
TYL	B	0.08%	0.44%	0.08%
UBER	D	0.2%	0.57%	0.2%
ULTA	F	0.03%	0.16%	0.03%
UNH	C	0.81%	1.75%	0.81%
UTHR	C	0.18%	0.06%	0.06%
V	A	0.31%	1.62%	0.31%
VLTO	D	0.04%	0.12%	0.04%
VRTX	F	0.21%	0.45%	0.21%
VST	B	0.26%	0.2%	0.2%
VTR	C	0.04%	0.12%	0.04%
VZ	C	1.03%	0.77%	0.77%
WAB	B	0.05%	0.11%	0.05%
WBA	F	0.11%	0.03%	0.03%
WFC	A	0.99%	0.97%	0.97%
WSM	B	0.24%	0.14%	0.14%
WTW	B	0.11%	0.13%	0.11%
XOM	B	0.43%	1.46%	0.43%
XYL	D	0.11%	0.11%	0.11%
ZTS	D	0.05%	0.31%	0.05%

MFUS Overweight 638 Positions Relative to SHE

Symbol	Grade	Weight
BRK.A	B	2.44%
WMT	A	1.77%
AMZN	C	1.65%
ORCL	B	1.56%
AVGO	D	1.54%
ABBV	D	1.35%
IBM	C	1.09%
AMGN	D	0.92%
PM	B	0.89%
LMT	D	0.75%
MO	A	0.74%
QCOM	F	0.73%
PEP	F	0.71%
HD	A	0.62%
PFE	D	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BMY	B	0.41%
GS	A	0.4%
GM	B	0.38%
MPC	D	0.35%
REGN	F	0.35%
NOW	A	0.35%
MET	A	0.32%
HPQ	B	0.29%
ICE	C	0.29%
ISRG	A	0.29%
MA	C	0.28%
AZO	C	0.28%
TXN	C	0.28%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
FICO	B	0.25%
AON	A	0.25%
PANW	C	0.25%
SFM	A	0.25%
DHR	F	0.24%
PLTR	B	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
NEE	D	0.23%
GD	F	0.23%
LII	A	0.22%
AFL	B	0.22%
KLAC	D	0.22%
MDLZ	F	0.22%
MS	A	0.22%
BSX	B	0.21%
SHW	A	0.21%
MSI	B	0.2%
ORLY	B	0.2%
GLW	B	0.2%
TRV	B	0.2%
FI	A	0.19%
CTAS	B	0.19%
HWM	A	0.18%
WSO	A	0.18%
AMP	A	0.18%
BLK	C	0.18%
RMD	C	0.17%
CASY	A	0.17%
DVA	B	0.17%
KMB	D	0.17%
MU	D	0.16%
AJG	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
LRCX	F	0.16%
CMCSA	B	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	A	0.15%
K	A	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	A	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
ANET	C	0.14%
CME	A	0.14%
KHC	F	0.14%
PH	A	0.14%
IT	C	0.14%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
SO	D	0.13%
BX	A	0.13%
YUM	B	0.13%
RSG	A	0.13%
BRO	B	0.12%
SYY	B	0.12%
WELL	A	0.12%
APH	A	0.12%
JNPR	F	0.12%
PYPL	B	0.12%
PWR	A	0.12%
CW	B	0.11%
EXPD	D	0.11%
WMB	A	0.11%
ALSN	B	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
DASH	A	0.11%
FOXA	B	0.11%
CEG	D	0.11%
ADP	B	0.11%
COIN	C	0.11%
KMI	A	0.11%
BDX	F	0.11%
BWXT	B	0.11%
CRS	A	0.11%
TRGP	B	0.11%
PHM	D	0.1%
AYI	B	0.1%
JXN	C	0.1%
OKE	A	0.1%
NTAP	C	0.1%
JKHY	D	0.1%
DFS	B	0.1%
GEN	B	0.1%
PKG	A	0.1%
EFX	F	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
MLI	C	0.09%
DGX	A	0.09%
EHC	B	0.09%
ARES	A	0.09%
IR	B	0.09%
URI	B	0.09%
NVR	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
AVY	D	0.09%
CALM	A	0.09%
IP	B	0.09%
NRG	B	0.08%
GEO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	D	0.08%
GPK	C	0.08%
NUE	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	B	0.08%
TAP	C	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
INGR	B	0.07%
EXP	A	0.07%
BCC	B	0.07%
SCI	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	0.07%
AEO	F	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	C	0.07%
HRB	D	0.07%
GEHC	F	0.07%
CNX	A	0.07%
OTIS	C	0.07%
SEE	C	0.06%
JLL	D	0.06%
LECO	B	0.06%
GNRC	B	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
MKC	D	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
TW	A	0.06%
MTH	D	0.06%
MAS	D	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
AN	C	0.06%
AMG	B	0.06%
L	A	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	A	0.06%
RGA	A	0.06%
FFIV	B	0.06%
IBKR	A	0.06%
TOL	B	0.06%
MSCI	C	0.06%
LEN	D	0.06%
ROL	B	0.06%
EME	C	0.05%
URBN	C	0.05%
CNO	A	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	A	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	D	0.05%
GNTX	C	0.05%
A	D	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CBRE	B	0.05%
FLEX	A	0.05%
USFD	A	0.05%
NDAQ	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
COOP	B	0.05%
LAMR	D	0.05%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
NXST	C	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	A	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	B	0.05%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ADBE	C	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
AWI	A	0.04%
ESS	B	0.04%
CXW	B	0.04%
CPNG	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	B	0.04%
PSTG	D	0.04%
RUSHA	C	0.04%
ELS	C	0.04%
PAYX	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
CTVA	C	0.04%
CFG	B	0.04%
FLO	D	0.04%
BLDR	D	0.04%
CAG	D	0.04%
ARW	D	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
VRSN	F	0.04%
CVLT	B	0.04%
BHF	B	0.04%
PTC	A	0.04%
CUBE	D	0.04%
GBX	A	0.04%
WTM	A	0.04%
BAX	D	0.04%
ZBRA	B	0.04%
JHG	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	B	0.04%
HUBG	A	0.04%
RGLD	C	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
FTI	A	0.04%
PPG	F	0.04%
CRBG	B	0.04%
WERN	C	0.04%
STLD	B	0.04%
DCI	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
STC	B	0.03%
HAE	C	0.03%
WRB	A	0.03%
SBAC	D	0.03%
GEF	A	0.03%
DRH	B	0.03%
COKE	C	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	D	0.03%
DRI	B	0.03%
AVTR	F	0.03%
WPC	D	0.03%
BKE	B	0.03%
LBRDK	C	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
TER	D	0.03%
OI	C	0.03%
JEF	A	0.03%
MRO	B	0.03%
OMF	A	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
RL	B	0.03%
X	C	0.03%
JBL	B	0.03%
MATX	C	0.03%
BLD	D	0.03%
DDS	B	0.03%
GMS	B	0.03%
HOLX	D	0.03%
AVA	A	0.03%
GGG	B	0.03%
BKU	A	0.03%
MC	C	0.03%
DOX	D	0.03%
RLI	B	0.03%
KBH	D	0.03%
FE	C	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
HBAN	A	0.03%
TPX	B	0.03%
CPAY	A	0.03%
SM	B	0.03%
MANH	D	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	B	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	F	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	C	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	D	0.02%
BHE	B	0.02%
EVRG	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	A	0.02%
WBS	A	0.02%
BEN	C	0.02%
PHIN	A	0.02%
JBLU	F	0.02%
NSP	D	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
ODFL	B	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	0.02%
AA	B	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	A	0.02%
M	D	0.02%
HNI	B	0.02%
PMT	D	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	D	0.02%
LNW	D	0.02%
REZI	A	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
SKX	D	0.02%
PFSI	D	0.02%
NWL	B	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	C	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
XHR	B	0.02%
CTLT	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
MKTX	D	0.02%
SBH	C	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
CINF	A	0.02%
PAG	B	0.02%
NI	A	0.02%
HII	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
EWBC	A	0.02%
HOG	D	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	D	0.02%
FAF	A	0.02%
JBHT	C	0.02%
GHC	C	0.02%
MSA	D	0.02%
ORA	B	0.02%
DLTR	F	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
CCL	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CACC	D	0.01%
ARI	C	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
SEB	F	0.01%
WGO	C	0.01%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	C	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	B	0.01%
OUT	A	0.01%
AMED	F	0.01%
PNW	B	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SIGI	C	0.01%
ARCH	B	0.01%
SPB	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	D	0.01%
AES	F	0.01%
FDP	B	0.01%
WMK	C	0.01%
DAN	D	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
PPC	C	0.01%
TPR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
LADR	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
BMRN	D	0.01%
TTEK	F	0.01%
CBSH	A	0.01%
ICUI	D	0.01%
WWD	B	0.01%
MUR	D	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
H	B	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	C	0.01%
VNT	B	0.01%
CR	A	0.01%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SLB	C	0.01%
SCS	C	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	A	0.01%
DEI	B	0.01%
RBC	A	0.01%
HE	C	0.01%
VSH	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 62 Positions Relative to SHE

Symbol	Grade	Weight
MSFT	F	-4.17%
INTU	C	-3.56%
LIN	D	-0.89%
ABT	B	-0.73%
HUBS	A	-0.58%
HON	B	-0.52%
ETN	A	-0.51%
ROST	C	-0.41%
MDT	D	-0.41%
ABNB	C	-0.36%
TT	A	-0.34%
LULU	C	-0.33%
DE	A	-0.32%
FLUT	A	-0.31%
TWLO	A	-0.28%
BA	F	-0.26%
EQIX	A	-0.25%
FDX	B	-0.22%
EOG	A	-0.21%
WCN	A	-0.21%
LNG	B	-0.17%
CSGP	D	-0.14%
VICI	C	-0.14%
OXY	D	-0.14%
TTD	B	-0.13%
AWK	D	-0.12%
XEL	A	-0.12%
WEC	A	-0.11%
WBD	C	-0.11%
APTV	D	-0.11%
ROK	B	-0.11%
FTV	C	-0.1%
GPN	B	-0.1%
LVS	C	-0.09%
AEE	A	-0.08%
SW	A	-0.08%
ILMN	D	-0.08%
CNP	B	-0.08%
KMX	B	-0.07%
J	F	-0.07%
EQT	B	-0.07%
WY	D	-0.07%
LH	C	-0.07%
EL	F	-0.06%
AMCR	D	-0.06%
TRU	D	-0.06%
PINS	D	-0.06%
MGM	D	-0.06%
FBIN	D	-0.05%
TXT	D	-0.05%
SWK	D	-0.05%
SNAP	C	-0.05%
DAL	C	-0.04%
ALB	C	-0.04%
CRL	C	-0.04%
Z	A	-0.04%
RIVN	F	-0.04%
OVV	B	-0.04%
DAY	B	-0.04%
WYNN	D	-0.04%
LUV	C	-0.02%
APA	D	-0.02%