MFUS vs. SNPE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Xtrackers S&P 500 ESG ETF (SNPE)

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

SNPE

Xtrackers S&P 500 ESG ETF

SNPE Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 ESG Index. The index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (ESG) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Index. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$52.40

Average Daily Volume

187,783

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SNPE
30 Days	3.55%	4.06%
60 Days	10.60%	10.54%
90 Days	6.54%	2.78%
12 Months	36.03%	36.11%

240 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SNPE	Overlap
A	B	0.05%	0.13%	0.05%
AAPL	C	0.97%	9.94%	0.97%
ABBV	C	1.56%	0.98%	0.98%
ACN	B	0.23%	0.65%	0.23%
ADBE	F	0.04%	0.66%	0.04%
ADM	F	0.25%	0.08%	0.08%
ADP	A	0.1%	0.32%	0.1%
ADSK	B	0.08%	0.17%	0.08%
AFL	A	0.22%	0.16%	0.16%
AIG	C	0.34%	0.13%	0.13%
AIZ	B	0.08%	0.03%	0.03%
AJG	C	0.14%	0.18%	0.14%
AKAM	D	0.03%	0.05%	0.03%
ALL	A	0.26%	0.14%	0.14%
AMAT	C	0.59%	0.5%	0.5%
AMGN	D	1.01%	0.49%	0.49%
AMP	A	0.12%	0.13%	0.12%
AMT	D	0.16%	0.31%	0.16%
AON	A	0.23%	0.22%	0.22%
AVB	C	0.03%	0.09%	0.03%
AVY	D	0.1%	0.05%	0.05%
AXP	A	0.21%	0.43%	0.21%
BAC	B	0.39%	0.77%	0.39%
BALL	C	0.08%	0.06%	0.06%
BAX	D	0.05%	0.06%	0.05%
BBWI	F	0.01%	0.02%	0.01%
BBY	C	0.23%	0.06%	0.06%
BDX	C	0.12%	0.2%	0.12%
BEN	F	0.02%	0.02%	0.02%
BIIB	F	0.08%	0.08%	0.08%
BK	A	0.17%	0.15%	0.15%
BKR	B	0.07%	0.1%	0.07%
BLK	A	0.17%	0.38%	0.17%
BMY	A	0.36%	0.29%	0.29%
BR	B	0.16%	0.07%	0.07%
BSX	A	0.2%	0.35%	0.2%
BWA	C	0.01%	0.02%	0.01%
BXP	B	0.02%	0.03%	0.02%
C	B	0.63%	0.34%	0.34%
CAG	D	0.05%	0.04%	0.04%
CAH	B	0.24%	0.08%	0.08%
CARR	A	0.05%	0.19%	0.05%
CAT	A	0.2%	0.55%	0.2%
CB	A	0.17%	0.31%	0.17%
CBRE	C	0.05%	0.11%	0.05%
CCL	C	0.02%	0.05%	0.02%
CFG	C	0.03%	0.05%	0.03%
CHRW	C	0.14%	0.04%	0.04%
CI	D	0.15%	0.28%	0.15%
CL	D	0.41%	0.24%	0.24%
CMCSA	B	0.16%	0.46%	0.16%
CME	A	0.14%	0.22%	0.14%
CMG	C	0.2%	0.23%	0.2%
CMI	A	0.13%	0.13%	0.13%
CNC	F	0.06%	0.11%	0.06%
COF	A	0.24%	0.16%	0.16%
COST	C	1.36%	1.15%	1.15%
CPAY	A	0.03%	0.06%	0.03%
CPB	D	0.05%	0.03%	0.03%
CSCO	A	0.61%	0.61%	0.61%
CSX	D	0.11%	0.19%	0.11%
CTAS	C	0.19%	0.2%	0.19%
CTVA	A	0.04%	0.12%	0.04%
CVS	D	0.71%	0.22%	0.22%
CVX	B	0.36%	0.69%	0.36%
DECK	B	0.15%	0.07%	0.07%
DFS	A	0.08%	0.1%	0.08%
DGX	D	0.09%	0.05%	0.05%
DHI	C	0.07%	0.16%	0.07%
DHR	D	0.28%	0.51%	0.28%
DLR	C	0.08%	0.14%	0.08%
DOV	C	0.02%	0.08%	0.02%
DOW	B	0.02%	0.11%	0.02%
DVA	C	0.17%	0.02%	0.02%
EA	D	0.16%	0.1%	0.1%
EBAY	A	0.38%	0.09%	0.09%
ECL	C	0.08%	0.18%	0.08%
ED	C	0.06%	0.1%	0.06%
EIX	C	0.05%	0.1%	0.05%
ELV	F	0.2%	0.35%	0.2%
EMR	B	0.07%	0.18%	0.07%
EQR	C	0.04%	0.07%	0.04%
ES	D	0.04%	0.07%	0.04%
ETR	A	0.04%	0.08%	0.04%
EXC	C	0.07%	0.11%	0.07%
EXR	D	0.13%	0.11%	0.11%
FANG	D	0.05%	0.09%	0.05%
FDS	C	0.04%	0.05%	0.04%
FIS	A	0.07%	0.13%	0.07%
FITB	C	0.04%	0.09%	0.04%
GE	B	0.61%	0.58%	0.58%
GILD	A	0.79%	0.3%	0.3%
GIS	C	0.2%	0.12%	0.12%
GM	D	0.32%	0.15%	0.15%
GS	B	0.35%	0.45%	0.35%
GWW	B	0.19%	0.13%	0.13%
HBAN	B	0.03%	0.06%	0.03%
HD	A	0.6%	1.13%	0.6%
HIG	A	0.06%	0.1%	0.06%
HLT	A	0.09%	0.17%	0.09%
HOLX	D	0.03%	0.05%	0.03%
HPE	B	0.1%	0.08%	0.08%
HPQ	B	0.29%	0.1%	0.1%
HRL	F	0.02%	0.03%	0.02%
HST	D	0.02%	0.04%	0.02%
HSY	D	0.06%	0.08%	0.06%
HUBB	A	0.03%	0.07%	0.03%
ICE	A	0.3%	0.26%	0.26%
IDXX	D	0.06%	0.12%	0.06%
IEX	D	0.08%	0.05%	0.05%
IFF	D	0.04%	0.08%	0.04%
INCY	B	0.01%	0.03%	0.01%
INTC	D	0.19%	0.29%	0.19%
IPG	D	0.04%	0.03%	0.03%
IR	A	0.08%	0.11%	0.08%
IRM	B	0.12%	0.1%	0.1%
ITW	C	0.1%	0.2%	0.1%
IVZ	A	0.03%	0.02%	0.02%
JBHT	D	0.02%	0.04%	0.02%
JCI	C	0.06%	0.15%	0.06%
JKHY	A	0.1%	0.04%	0.04%
JPM	C	0.88%	1.71%	0.88%
K	B	0.15%	0.06%	0.06%
KDP	C	0.08%	0.11%	0.08%
KEY	B	0.02%	0.05%	0.02%
KHC	F	0.16%	0.09%	0.09%
KIM	C	0.02%	0.04%	0.02%
KLAC	B	0.28%	0.31%	0.28%
KMI	A	0.09%	0.12%	0.09%
KO	C	1.16%	0.8%	0.8%
KR	C	0.37%	0.11%	0.11%
LLY	D	2.87%	2.06%	2.06%
LOW	C	0.34%	0.44%	0.34%
LRCX	D	0.19%	0.32%	0.19%
LW	D	0.03%	0.03%	0.03%
LYB	B	0.18%	0.07%	0.07%
MA	A	0.27%	1.16%	0.27%
MAR	A	0.04%	0.17%	0.04%
MAS	C	0.06%	0.05%	0.05%
MCD	A	0.55%	0.63%	0.55%
MCO	D	0.12%	0.22%	0.12%
MDLZ	D	0.26%	0.29%	0.26%
MET	A	0.32%	0.14%	0.14%
MHK	C	0.01%	0.03%	0.01%
MKC	C	0.06%	0.06%	0.06%
MKTX	B	0.02%	0.03%	0.02%
MMC	D	0.19%	0.32%	0.19%
MOS	F	0.01%	0.02%	0.01%
MPC	D	0.36%	0.16%	0.16%
MRK	F	1.0%	0.82%	0.82%
MS	A	0.18%	0.37%	0.18%
MSCI	B	0.06%	0.13%	0.06%
MTB	A	0.03%	0.08%	0.03%
MTD	C	0.1%	0.09%	0.09%
MU	D	0.15%	0.35%	0.15%
NDAQ	C	0.05%	0.09%	0.05%
NEE	C	0.25%	0.49%	0.25%
NEM	C	0.22%	0.18%	0.18%
NKE	D	0.07%	0.31%	0.07%
NSC	C	0.07%	0.16%	0.07%
NTRS	B	0.03%	0.05%	0.03%
NVDA	B	1.64%	8.77%	1.64%
NWSA	D	0.04%	0.03%	0.03%
OKE	A	0.09%	0.15%	0.09%
OMC	C	0.06%	0.06%	0.06%
OTIS	A	0.08%	0.12%	0.08%
PARA	F	0.01%	0.02%	0.01%
PAYX	B	0.04%	0.12%	0.04%
PEG	A	0.06%	0.13%	0.06%
PEP	F	0.77%	0.67%	0.67%
PFE	D	0.64%	0.47%	0.47%
PFG	A	0.01%	0.05%	0.01%
PG	D	1.04%	1.17%	1.04%
PH	A	0.13%	0.23%	0.13%
PHM	C	0.11%	0.08%	0.08%
PNC	C	0.11%	0.21%	0.11%
PNR	C	0.02%	0.05%	0.02%
POOL	D	0.07%	0.04%	0.04%
PPG	D	0.05%	0.09%	0.05%
PRU	B	0.23%	0.12%	0.12%
PSA	C	0.1%	0.16%	0.1%
PSX	D	0.23%	0.16%	0.16%
PWR	A	0.11%	0.13%	0.11%
PYPL	A	0.11%	0.24%	0.11%
QCOM	D	0.8%	0.55%	0.55%
RCL	B	0.08%	0.12%	0.08%
REGN	D	0.49%	0.32%	0.32%
RF	B	0.01%	0.06%	0.01%
RL	B	0.03%	0.02%	0.02%
RMD	C	0.17%	0.1%	0.1%
RSG	D	0.13%	0.12%	0.12%
SBAC	C	0.03%	0.08%	0.03%
SBUX	B	0.09%	0.32%	0.09%
SCHW	D	0.04%	0.27%	0.04%
SHW	C	0.22%	0.26%	0.22%
SJM	D	0.04%	0.04%	0.04%
SLB	D	0.01%	0.17%	0.01%
SPGI	C	0.27%	0.47%	0.27%
SRE	C	0.08%	0.15%	0.08%
SYF	A	0.24%	0.06%	0.06%
SYY	D	0.13%	0.11%	0.11%
T	B	0.74%	0.45%	0.45%
TAP	D	0.08%	0.03%	0.03%
TFC	D	0.08%	0.16%	0.08%
TFX	C	0.03%	0.03%	0.03%
TGT	C	0.77%	0.21%	0.21%
TJX	D	0.38%	0.38%	0.38%
TMUS	A	0.38%	0.29%	0.29%
TPR	B	0.01%	0.03%	0.01%
TRGP	A	0.09%	0.09%	0.09%
TROW	D	0.08%	0.07%	0.07%
TRV	B	0.2%	0.15%	0.15%
TSCO	A	0.12%	0.09%	0.09%
TSN	D	0.16%	0.05%	0.05%
TTWO	D	0.06%	0.07%	0.06%
UBER	C	0.23%	0.46%	0.23%
UDR	C	0.03%	0.04%	0.03%
ULTA	D	0.04%	0.06%	0.04%
UNH	B	0.79%	1.53%	0.79%
UNP	F	0.54%	0.42%	0.42%
UPS	D	0.25%	0.28%	0.25%
URI	C	0.09%	0.15%	0.09%
USB	C	0.1%	0.2%	0.1%
V	B	0.28%	1.31%	0.28%
VLO	F	0.16%	0.13%	0.13%
VRSK	D	0.17%	0.11%	0.11%
VTR	C	0.04%	0.08%	0.04%
WAB	A	0.05%	0.09%	0.05%
WAT	B	0.05%	0.06%	0.05%
WBA	F	0.11%	0.02%	0.02%
WDC	C	0.08%	0.06%	0.06%
WELL	C	0.11%	0.21%	0.11%
WM	B	0.26%	0.22%	0.22%
WMB	A	0.08%	0.16%	0.08%
WMT	A	1.68%	1.0%	1.0%
WTW	C	0.1%	0.09%	0.09%
XOM	A	0.42%	1.44%	0.42%
XYL	C	0.12%	0.1%	0.1%
YUM	C	0.12%	0.11%	0.11%
ZTS	C	0.06%	0.25%	0.06%

MFUS Overweight 569 Positions Relative to SNPE

Symbol	Grade	Weight
META	A	2.37%
BRK.A	B	2.37%
AVGO	B	1.68%
AMZN	C	1.6%
ORCL	A	1.38%
JNJ	D	1.28%
IBM	A	1.14%
VZ	C	1.11%
PM	D	0.83%
LMT	A	0.82%
WFC	B	0.73%
MO	D	0.66%
MMM	C	0.63%
PGR	B	0.6%
MCK	F	0.5%
NFLX	A	0.46%
NOC	B	0.38%
BKNG	B	0.36%
TMO	D	0.33%
NOW	B	0.31%
TXN	C	0.3%
HCA	C	0.3%
AZO	D	0.29%
THC	D	0.29%
CHTR	D	0.25%
GD	C	0.24%
ANF	D	0.24%
RTX	A	0.23%
LHX	A	0.23%
ISRG	C	0.23%
LII	C	0.22%
PANW	B	0.22%
VRTX	D	0.22%
VST	A	0.21%
FICO	C	0.21%
WSM	C	0.21%
WSO	C	0.2%
SFM	A	0.2%
GLW	C	0.19%
ORLY	A	0.19%
KMB	D	0.18%
UTHR	C	0.18%
MSI	A	0.18%
TDG	A	0.17%
SPG	A	0.16%
HWM	A	0.15%
F	D	0.15%
CASY	D	0.15%
MUSA	D	0.15%
BAH	C	0.15%
KKR	A	0.14%
DUK	C	0.14%
SMCI	F	0.14%
ANET	A	0.14%
IT	A	0.14%
PLTR	A	0.14%
EFX	D	0.13%
CEG	A	0.13%
DPZ	D	0.13%
VTRS	D	0.13%
SO	A	0.13%
JNPR	C	0.13%
RPM	A	0.12%
CLX	C	0.12%
DD	C	0.11%
LDOS	A	0.11%
BX	C	0.11%
EVR	C	0.11%
FAST	C	0.11%
APH	D	0.11%
BRO	A	0.11%
MPWR	B	0.1%
AOS	C	0.1%
CW	A	0.1%
NVR	C	0.1%
DG	F	0.1%
NTAP	D	0.1%
FOXA	B	0.1%
CRS	B	0.1%
GDDY	B	0.1%
AEO	C	0.09%
AEP	C	0.09%
GPI	C	0.09%
DKS	D	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	C	0.09%
TMHC	C	0.09%
JXN	A	0.09%
EXPD	D	0.09%
DASH	A	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
EQH	B	0.08%
SLG	C	0.08%
IP	C	0.08%
TYL	D	0.08%
CCI	D	0.08%
CPRT	B	0.08%
STE	D	0.08%
GEHC	C	0.08%
HRB	C	0.08%
AYI	A	0.08%
ARES	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
NUE	D	0.08%
NSIT	B	0.07%
MLM	F	0.07%
COP	D	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%
MTH	C	0.07%
ROL	C	0.07%
HCC	C	0.07%
VNO	B	0.07%
BCC	C	0.07%
MLI	B	0.07%
WU	D	0.07%
ALNY	C	0.07%
MNST	D	0.07%
GLPI	C	0.07%
WCC	D	0.07%
LEN	C	0.07%
THO	C	0.07%
NRG	A	0.07%
D	A	0.07%
UHS	D	0.07%
CALM	A	0.07%
SEIC	B	0.07%
HLI	A	0.07%
ABG	D	0.07%
TXRH	A	0.06%
SEE	C	0.06%
BC	C	0.06%
CNX	A	0.06%
FFIV	B	0.06%
STZ	D	0.06%
L	C	0.06%
COIN	F	0.06%
JLL	C	0.06%
AMG	B	0.06%
FTNT	A	0.06%
ERIE	A	0.06%
TPH	C	0.06%
BERY	C	0.06%
RGA	B	0.06%
PK	D	0.06%
CRI	D	0.06%
CPT	C	0.06%
MMS	C	0.06%
O	C	0.06%
FCN	C	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%
TOL	C	0.06%
ARW	C	0.05%
MHO	C	0.05%
NDSN	C	0.05%
NFG	A	0.05%
CUBE	C	0.05%
URBN	F	0.05%
IBKR	A	0.05%
VLTO	A	0.05%
HBI	B	0.05%
GNRC	B	0.05%
SLGN	B	0.05%
USFD	C	0.05%
COOP	B	0.05%
G	A	0.05%
SQ	D	0.05%
ATI	C	0.05%
SEB	F	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
ANSS	D	0.05%
LPLA	D	0.05%
LUMN	C	0.05%
TEX	F	0.05%
WEN	B	0.05%
MTN	D	0.05%
ATGE	D	0.05%
ALLY	F	0.05%
CBT	B	0.05%
NXST	D	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
OGN	F	0.05%
APP	A	0.05%
LECO	D	0.05%
GAP	F	0.05%
SKYW	B	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%
TDS	C	0.04%
NYT	C	0.04%
AVTR	D	0.04%
DBRG	D	0.04%
UNM	A	0.04%
BHF	D	0.04%
AVT	B	0.04%
BLD	D	0.04%
MANH	A	0.04%
PPL	C	0.04%
TER	C	0.04%
CVLT	B	0.04%
TRN	C	0.04%
CDW	D	0.04%
BDC	A	0.04%
WTM	C	0.04%
JHG	A	0.04%
EXEL	B	0.04%
JWN	D	0.04%
ASO	D	0.04%
CLH	B	0.04%
CMA	C	0.04%
COLD	D	0.04%
STLD	C	0.04%
SLVM	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%
HUBG	D	0.04%
MAC	B	0.04%
AMH	D	0.04%
CPNG	C	0.04%
UHAL	C	0.04%
GATX	F	0.04%
FLEX	B	0.04%
INVH	D	0.04%
TKR	B	0.04%
FLO	D	0.04%
AROC	B	0.04%
VRSN	C	0.04%
TGNA	B	0.04%
FTI	B	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SMG	C	0.04%
ABM	D	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%
OLN	D	0.04%
RGLD	C	0.04%
FL	F	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%
GVA	A	0.04%
CRUS	D	0.04%
WST	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
NEU	F	0.03%
MTG	A	0.03%
FHI	A	0.03%
PLXS	A	0.03%
KSS	D	0.03%
THS	D	0.03%
DRH	B	0.03%
LNC	B	0.03%
STC	D	0.03%
MSA	F	0.03%
LZB	D	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
DELL	C	0.03%
WHR	C	0.03%
ADNT	F	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%
DK	F	0.03%
BKU	D	0.03%
VC	F	0.03%
DDS	D	0.03%
MASI	B	0.03%
RLI	A	0.03%
OI	D	0.03%
DRI	C	0.03%
GMS	B	0.03%
COHR	B	0.03%
APLE	B	0.03%
MATX	C	0.03%
BURL	C	0.03%
WPC	C	0.03%
HOOD	B	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	A	0.03%
BFAM	C	0.03%
MC	B	0.03%
HII	F	0.03%
WH	C	0.03%
GGG	C	0.03%
SM	D	0.03%
AWI	A	0.03%
RPRX	D	0.03%
MAN	D	0.03%
OSK	F	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	B	0.03%
MDU	C	0.03%
CMS	A	0.03%
ACM	A	0.03%
BJ	B	0.03%
HSIC	D	0.03%
AMKR	F	0.03%
DOX	B	0.03%
TPX	C	0.03%
SHOO	A	0.03%
RUSHA	D	0.03%
GEO	D	0.03%
PRIM	A	0.03%
SEM	D	0.03%
FE	C	0.03%
SANM	D	0.03%
KEX	C	0.02%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
CWEN	C	0.02%
AXTA	C	0.02%
LAD	C	0.02%
FR	D	0.02%
ALGN	D	0.02%
DNOW	F	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%
ODFL	F	0.02%
CROX	C	0.02%
NWL	D	0.02%
VSCO	C	0.02%
HP	D	0.02%
VFC	A	0.02%
AES	C	0.02%
SATS	C	0.02%
CSL	A	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
EWBC	B	0.02%
HNI	B	0.02%
SNDR	D	0.02%
APOG	B	0.02%
LEG	D	0.02%
VSH	F	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
ZBRA	B	0.02%
SAM	D	0.02%
OC	C	0.02%
ESS	D	0.02%
M	D	0.02%
NAVI	D	0.02%
LNW	F	0.02%
DTE	B	0.02%
GWRE	A	0.02%
VVV	D	0.02%
MCY	B	0.02%
LNT	B	0.02%
YELP	D	0.02%
PMT	B	0.02%
CC	D	0.02%
CINF	A	0.02%
EPC	F	0.02%
MAA	D	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
NI	A	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
RLJ	D	0.02%
GHC	A	0.02%
SXT	C	0.02%
DLB	D	0.02%
OHI	C	0.02%
KBR	A	0.02%
XHR	A	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	D	0.02%
AIR	C	0.02%
SKX	B	0.02%
HAE	F	0.02%
SBH	B	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%
WMS	D	0.02%
PINC	F	0.02%
RRC	D	0.02%
FAF	C	0.02%
PAG	D	0.02%
WRB	C	0.02%
ACA	C	0.02%
LBRDK	C	0.02%
JEF	A	0.02%
ORA	C	0.02%
OMF	D	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
CG	B	0.02%
HUN	B	0.01%
AAP	F	0.01%
KNX	D	0.01%
NOV	F	0.01%
SCL	D	0.01%
UHAL	C	0.01%
DINO	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	C	0.01%
ESI	C	0.01%
CFR	B	0.01%
UAL	A	0.01%
CNXN	C	0.01%
ALEX	D	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	C	0.01%
IMKTA	F	0.01%
CNS	C	0.01%
WOR	F	0.01%
SVC	D	0.01%
PNW	C	0.01%
IDCC	A	0.01%
SR	D	0.01%
PPC	C	0.01%
RKT	D	0.01%
UGI	C	0.01%
CLF	D	0.01%
SPR	D	0.01%
SWX	C	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	C	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%
BRC	C	0.01%
XRX	D	0.01%
DTM	A	0.01%
DXC	C	0.01%
FELE	C	0.01%
STRA	F	0.01%
SAIC	A	0.01%
CSGS	B	0.01%
TTMI	D	0.01%
KN	B	0.01%
DY	C	0.01%
CPRI	C	0.01%
VNT	F	0.01%
CR	A	0.01%
LEA	F	0.01%
WBS	D	0.01%
CVI	D	0.01%
OMI	F	0.01%
SF	A	0.01%
LADR	D	0.01%
NNI	B	0.01%
WWD	C	0.01%
ZION	D	0.01%
AMWD	C	0.01%
GME	D	0.01%
GOLF	F	0.01%
NNN	C	0.01%
RBC	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	D	0.01%
H	B	0.01%
REZI	D	0.01%
ADC	C	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	A	0.01%
SCS	D	0.01%
ESNT	A	0.01%
LAUR	C	0.01%
BMRN	F	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 73 Positions Relative to SNPE

Symbol	Grade	Weight
MSFT	D	-9.22%
GOOGL	B	-2.74%
GOOG	B	-2.26%
TSLA	C	-2.03%
AMD	C	-0.78%
CRM	B	-0.77%
LIN	C	-0.67%
ABT	C	-0.56%
DIS	D	-0.5%
ETN	B	-0.38%
SYK	C	-0.36%
MDT	C	-0.33%
PLD	D	-0.33%
DE	C	-0.3%
TT	A	-0.25%
EQIX	C	-0.24%
FCX	B	-0.22%
APD	C	-0.19%
ROST	D	-0.15%
PCAR	D	-0.15%
TEL	D	-0.13%
ACGL	A	-0.12%
HUM	F	-0.11%
AME	C	-0.11%
EW	F	-0.11%
DAL	C	-0.1%
OXY	D	-0.1%
HES	D	-0.1%
CSGP	F	-0.09%
ROK	D	-0.09%
LULU	D	-0.09%
ON	F	-0.09%
STT	A	-0.08%
FTV	C	-0.08%
AXON	A	-0.08%
AWK	D	-0.08%
RJF	B	-0.07%
EL	D	-0.07%
DVN	F	-0.07%
WY	C	-0.07%
SW	C	-0.07%
HAL	D	-0.07%
GPN	F	-0.07%
APTV	D	-0.06%
EXPE	B	-0.06%
GPC	D	-0.06%
EQT	C	-0.06%
CBOE	B	-0.06%
ZBH	F	-0.06%
MRNA	F	-0.06%
DOC	C	-0.05%
AMCR	C	-0.05%
SWK	C	-0.05%
EG	A	-0.05%
LVS	B	-0.05%
ARE	D	-0.05%
CF	A	-0.04%
FRT	D	-0.03%
NCLH	C	-0.03%
HAS	A	-0.03%
GL	C	-0.03%
CRL	F	-0.03%
LKQ	F	-0.03%
REG	C	-0.03%
ALB	D	-0.03%
ALLE	A	-0.03%
KMX	F	-0.03%
FMC	C	-0.02%
WYNN	B	-0.02%
CZR	B	-0.02%
DAY	C	-0.02%
MGM	D	-0.02%
NWS	D	-0.01%