MFUS vs. SPYI ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to NEOS S&P 500 High Income ETF (SPYI)

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

SPYI

NEOS S&P 500 High Income ETF

SPYI Description

SHP ETF Trust - NEOS S&P 500 High Income ETF is an exchange traded fund launched by Faith Investor Services LLC. The fund is managed by Neos Investment Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. The fund invests in growth and value stocks of large-cap companies, within the market capitalization range of the S&P 500 Index. SHP ETF Trust - NEOS S&P 500 High Income ETF was formed on August 30, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$51.96

Average Daily Volume

607,658

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SPYI
30 Days	2.73%	2.57%
60 Days	3.41%	4.02%
90 Days	5.38%	5.68%
12 Months	32.49%	22.34%

377 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SPYI	Overlap
A	D	0.05%	0.08%	0.05%
AAPL	C	0.97%	6.82%	0.97%
ABBV	D	1.35%	0.61%	0.61%
ACN	C	0.24%	0.5%	0.24%
ADBE	C	0.04%	0.5%	0.04%
ADM	D	0.23%	0.06%	0.06%
ADP	B	0.11%	0.25%	0.11%
ADSK	A	0.09%	0.13%	0.09%
AEP	D	0.08%	0.11%	0.08%
AES	F	0.01%	0.02%	0.01%
AFL	B	0.22%	0.13%	0.13%
AIG	B	0.34%	0.12%	0.12%
AIZ	A	0.09%	0.01%	0.01%
AJG	B	0.16%	0.12%	0.12%
AKAM	D	0.02%	0.02%	0.02%
ALGN	D	0.01%	0.01%	0.01%
ALL	A	0.26%	0.08%	0.08%
AMAT	F	0.5%	0.33%	0.33%
AMGN	D	0.92%	0.34%	0.34%
AMP	A	0.18%	0.12%	0.12%
AMT	D	0.14%	0.2%	0.14%
AMZN	C	1.65%	3.87%	1.65%
ANET	C	0.14%	0.16%	0.14%
ANSS	B	0.05%	0.07%	0.05%
AON	A	0.25%	0.16%	0.16%
AOS	F	0.08%	0.0%	0.0%
APH	A	0.12%	0.19%	0.12%
ATO	A	0.02%	0.03%	0.02%
AVB	B	0.03%	0.05%	0.03%
AVGO	D	1.54%	1.48%	1.48%
AVY	D	0.09%	0.01%	0.01%
AXP	A	0.23%	0.35%	0.23%
AZO	C	0.28%	0.03%	0.03%
BAC	A	0.45%	0.65%	0.45%
BALL	D	0.07%	0.04%	0.04%
BAX	D	0.04%	0.04%	0.04%
BBY	D	0.2%	0.02%	0.02%
BDX	F	0.11%	0.14%	0.11%
BEN	C	0.02%	0.01%	0.01%
BIIB	F	0.06%	0.04%	0.04%
BK	A	0.18%	0.14%	0.14%
BKNG	A	0.42%	0.11%	0.11%
BKR	B	0.08%	0.1%	0.08%
BLDR	D	0.04%	0.04%	0.04%
BLK	C	0.18%	0.23%	0.18%
BMY	B	0.41%	0.27%	0.27%
BR	A	0.17%	0.05%	0.05%
BRK.A	B	2.44%	1.78%	1.78%
BRO	B	0.12%	0.05%	0.05%
BSX	B	0.21%	0.3%	0.21%
BWA	D	0.01%	0.01%	0.01%
BX	A	0.13%	0.29%	0.13%
BXP	D	0.02%	0.02%	0.02%
C	A	0.7%	0.31%	0.31%
CAG	D	0.04%	0.03%	0.03%
CAH	B	0.27%	0.05%	0.05%
CARR	D	0.05%	0.15%	0.05%
CAT	B	0.2%	0.45%	0.2%
CB	C	0.16%	0.23%	0.16%
CBRE	B	0.05%	0.08%	0.05%
CCI	D	0.07%	0.1%	0.07%
CCL	B	0.02%	0.06%	0.02%
CDW	F	0.03%	0.04%	0.03%
CE	F	0.02%	0.0%	0.0%
CEG	D	0.11%	0.15%	0.11%
CFG	B	0.04%	0.05%	0.04%
CHD	B	0.07%	0.05%	0.05%
CHRW	C	0.14%	0.0%	0.0%
CHTR	C	0.3%	0.08%	0.08%
CI	F	0.13%	0.2%	0.13%
CINF	A	0.02%	0.04%	0.02%
CL	D	0.36%	0.17%	0.17%
CLX	B	0.13%	0.04%	0.04%
CMCSA	B	0.16%	0.4%	0.16%
CME	A	0.14%	0.18%	0.14%
CMG	B	0.2%	0.07%	0.07%
CMI	A	0.14%	0.08%	0.08%
CMS	C	0.03%	0.04%	0.03%
CNC	D	0.04%	0.07%	0.04%
COF	B	0.29%	0.15%	0.15%
COP	C	0.07%	0.31%	0.07%
COR	B	0.17%	0.06%	0.06%
COST	B	1.36%	0.83%	0.83%
CPAY	A	0.03%	0.02%	0.02%
CPB	D	0.04%	0.01%	0.01%
CPRT	A	0.08%	0.11%	0.08%
CPT	B	0.06%	0.01%	0.01%
CSCO	B	0.68%	0.55%	0.55%
CSX	B	0.11%	0.16%	0.11%
CTAS	B	0.19%	0.17%	0.17%
CTLT	B	0.02%	0.01%	0.01%
CTVA	C	0.04%	0.09%	0.04%
CVS	D	0.67%	0.17%	0.17%
CVX	A	0.39%	0.57%	0.39%
D	C	0.07%	0.11%	0.07%
DD	D	0.1%	0.08%	0.08%
DECK	A	0.17%	0.02%	0.02%
DELL	C	0.03%	0.08%	0.03%
DFS	B	0.1%	0.1%	0.1%
DG	F	0.08%	0.03%	0.03%
DGX	A	0.09%	0.01%	0.01%
DHI	D	0.06%	0.1%	0.06%
DHR	F	0.24%	0.33%	0.24%
DLR	B	0.09%	0.11%	0.09%
DLTR	F	0.02%	0.03%	0.02%
DOV	A	0.04%	0.05%	0.04%
DOW	F	0.02%	0.07%	0.02%
DPZ	C	0.13%	0.01%	0.01%
DRI	B	0.03%	0.04%	0.03%
DTE	C	0.02%	0.05%	0.02%
DUK	C	0.13%	0.2%	0.13%
DVA	B	0.17%	0.0%	0.0%
EA	A	0.19%	0.07%	0.07%
EBAY	D	0.36%	0.07%	0.07%
ECL	D	0.08%	0.1%	0.08%
ED	D	0.06%	0.08%	0.06%
EFX	F	0.1%	0.05%	0.05%
EIX	B	0.05%	0.07%	0.05%
ELV	F	0.15%	0.17%	0.15%
EMN	D	0.04%	0.0%	0.0%
EMR	A	0.09%	0.16%	0.09%
EQR	B	0.04%	0.06%	0.04%
ERIE	D	0.05%	0.02%	0.02%
ES	D	0.03%	0.05%	0.03%
ESS	B	0.04%	0.01%	0.01%
ETR	B	0.05%	0.06%	0.05%
EVRG	A	0.02%	0.03%	0.02%
EXC	C	0.07%	0.09%	0.07%
EXPD	D	0.11%	0.03%	0.03%
EXR	D	0.11%	0.07%	0.07%
F	C	0.15%	0.1%	0.1%
FANG	D	0.05%	0.04%	0.04%
FAST	B	0.13%	0.1%	0.1%
FDS	B	0.04%	0.01%	0.01%
FE	C	0.03%	0.05%	0.03%
FFIV	B	0.06%	0.01%	0.01%
FI	A	0.19%	0.3%	0.19%
FICO	B	0.25%	0.03%	0.03%
FIS	C	0.07%	0.12%	0.07%
FITB	A	0.04%	0.07%	0.04%
FOXA	B	0.11%	0.02%	0.02%
FTNT	C	0.07%	0.13%	0.07%
GD	F	0.23%	0.12%	0.12%
GDDY	A	0.12%	0.05%	0.05%
GE	D	0.56%	0.45%	0.45%
GEHC	F	0.07%	0.07%	0.07%
GEN	B	0.1%	0.04%	0.04%
GILD	C	0.84%	0.26%	0.26%
GIS	D	0.17%	0.09%	0.09%
GLW	B	0.2%	0.08%	0.08%
GM	B	0.38%	0.17%	0.17%
GNRC	B	0.06%	0.01%	0.01%
GS	A	0.4%	0.36%	0.36%
GWW	B	0.22%	0.03%	0.03%
HBAN	A	0.03%	0.06%	0.03%
HCA	F	0.24%	0.14%	0.14%
HD	A	0.62%	0.82%	0.62%
HIG	B	0.06%	0.07%	0.06%
HII	D	0.02%	0.0%	0.0%
HLT	A	0.1%	0.15%	0.1%
HOLX	D	0.03%	0.03%	0.03%
HPE	B	0.11%	0.06%	0.06%
HPQ	B	0.29%	0.07%	0.07%
HRL	D	0.02%	0.02%	0.02%
HSIC	B	0.03%	0.0%	0.0%
HST	C	0.02%	0.03%	0.02%
HSY	F	0.05%	0.04%	0.04%
HUBB	B	0.03%	0.01%	0.01%
HWM	A	0.18%	0.1%	0.1%
IBM	C	1.09%	0.46%	0.46%
ICE	C	0.29%	0.19%	0.19%
IDXX	F	0.05%	0.02%	0.02%
IEX	B	0.09%	0.01%	0.01%
IFF	D	0.03%	0.04%	0.03%
INCY	C	0.01%	0.02%	0.01%
INTC	D	0.19%	0.24%	0.19%
INVH	D	0.04%	0.04%	0.04%
IP	B	0.09%	0.05%	0.05%
IPG	D	0.04%	0.02%	0.02%
IR	B	0.09%	0.08%	0.08%
IRM	D	0.12%	0.07%	0.07%
ISRG	A	0.29%	0.43%	0.29%
IT	C	0.14%	0.02%	0.02%
ITW	B	0.1%	0.16%	0.1%
IVZ	B	0.03%	0.02%	0.02%
JBHT	C	0.02%	0.01%	0.01%
JBL	B	0.03%	0.03%	0.03%
JCI	C	0.07%	0.13%	0.07%
JKHY	D	0.1%	0.01%	0.01%
JNJ	D	1.2%	0.78%	0.78%
JNPR	F	0.12%	0.02%	0.02%
JPM	A	0.99%	1.39%	0.99%
K	A	0.15%	0.03%	0.03%
KDP	D	0.07%	0.07%	0.07%
KEY	B	0.03%	0.04%	0.03%
KHC	F	0.14%	0.05%	0.05%
KIM	A	0.02%	0.03%	0.02%
KKR	A	0.15%	0.19%	0.15%
KLAC	D	0.22%	0.14%	0.14%
KMB	D	0.17%	0.08%	0.08%
KMI	A	0.11%	0.13%	0.11%
KO	D	1.01%	0.5%	0.5%
KR	B	0.37%	0.08%	0.08%
L	A	0.06%	0.02%	0.02%
LDOS	C	0.11%	0.04%	0.04%
LEN	D	0.06%	0.07%	0.06%
LHX	C	0.26%	0.1%	0.1%
LLY	F	2.3%	1.24%	1.24%
LMT	D	0.75%	0.23%	0.23%
LNT	A	0.02%	0.03%	0.02%
LOW	D	0.35%	0.32%	0.32%
LRCX	F	0.16%	0.16%	0.16%
LW	C	0.03%	0.02%	0.02%
LYB	F	0.15%	0.04%	0.04%
MA	C	0.28%	0.89%	0.28%
MAA	B	0.02%	0.03%	0.02%
MAR	B	0.04%	0.12%	0.04%
MAS	D	0.06%	0.03%	0.03%
MCD	D	0.52%	0.46%	0.46%
MCK	B	0.64%	0.14%	0.14%
MCO	B	0.14%	0.11%	0.11%
MDLZ	F	0.22%	0.2%	0.2%
MET	A	0.32%	0.11%	0.11%
META	D	2.32%	2.55%	2.32%
MHK	D	0.01%	0.0%	0.0%
MKC	D	0.06%	0.03%	0.03%
MKTX	D	0.02%	0.01%	0.01%
MLM	B	0.07%	0.02%	0.02%
MMC	B	0.2%	0.23%	0.2%
MMM	D	0.58%	0.15%	0.15%
MNST	C	0.07%	0.09%	0.07%
MO	A	0.74%	0.23%	0.23%
MOS	F	0.01%	0.02%	0.01%
MPC	D	0.35%	0.13%	0.13%
MPWR	F	0.06%	0.02%	0.02%
MRK	F	0.83%	0.57%	0.57%
MRO	B	0.03%	0.04%	0.03%
MS	A	0.22%	0.39%	0.22%
MSCI	C	0.06%	0.02%	0.02%
MSI	B	0.2%	0.12%	0.12%
MTB	A	0.04%	0.05%	0.04%
MTD	D	0.08%	0.02%	0.02%
MU	D	0.16%	0.25%	0.16%
NDAQ	A	0.05%	0.06%	0.05%
NDSN	B	0.04%	0.01%	0.01%
NEE	D	0.23%	0.36%	0.23%
NEM	D	0.17%	0.11%	0.11%
NFLX	A	0.55%	0.75%	0.55%
NI	A	0.02%	0.03%	0.02%
NKE	D	0.06%	0.2%	0.06%
NOC	D	0.35%	0.11%	0.11%
NOW	A	0.35%	0.42%	0.35%
NRG	B	0.08%	0.04%	0.04%
NSC	B	0.07%	0.11%	0.07%
NTAP	C	0.1%	0.05%	0.05%
NTRS	A	0.03%	0.04%	0.03%
NUE	C	0.08%	0.06%	0.06%
NVDA	C	1.9%	7.22%	1.9%
NVR	D	0.09%	0.02%	0.02%
NWSA	B	0.04%	0.02%	0.02%
O	D	0.06%	0.08%	0.06%
ODFL	B	0.02%	0.09%	0.02%
OKE	A	0.1%	0.15%	0.1%
OMC	C	0.06%	0.02%	0.02%
ORCL	B	1.56%	0.62%	0.62%
ORLY	B	0.2%	0.04%	0.04%
OTIS	C	0.07%	0.08%	0.07%
PANW	C	0.25%	0.24%	0.24%
PARA	C	0.01%	0.01%	0.01%
PAYX	C	0.04%	0.09%	0.04%
PEG	A	0.06%	0.11%	0.06%
PEP	F	0.71%	0.5%	0.5%
PFE	D	0.55%	0.33%	0.33%
PFG	D	0.01%	0.04%	0.01%
PG	A	1.04%	0.84%	0.84%
PGR	A	0.59%	0.35%	0.35%
PH	A	0.14%	0.15%	0.14%
PHM	D	0.1%	0.05%	0.05%
PKG	A	0.1%	0.01%	0.01%
PLTR	B	0.24%	0.26%	0.24%
PM	B	0.89%	0.46%	0.46%
PNC	B	0.12%	0.17%	0.12%
PNR	A	0.02%	0.02%	0.02%
PNW	B	0.01%	0.0%	0.0%
POOL	C	0.07%	0.01%	0.01%
PPG	F	0.04%	0.05%	0.04%
PPL	B	0.04%	0.05%	0.04%
PRU	A	0.23%	0.1%	0.1%
PSA	D	0.09%	0.08%	0.08%
PSX	C	0.23%	0.13%	0.13%
PTC	A	0.04%	0.04%	0.04%
PWR	A	0.12%	0.08%	0.08%
PYPL	B	0.12%	0.21%	0.12%
QCOM	F	0.73%	0.39%	0.39%
QRVO	F	0.01%	0.0%	0.0%
RCL	A	0.11%	0.1%	0.1%
REGN	F	0.35%	0.15%	0.15%
RF	A	0.02%	0.06%	0.02%
RL	B	0.03%	0.0%	0.0%
RMD	C	0.17%	0.06%	0.06%
ROL	B	0.06%	0.02%	0.02%
ROP	B	0.06%	0.11%	0.06%
RSG	A	0.13%	0.09%	0.09%
RTX	C	0.22%	0.33%	0.22%
RVTY	F	0.01%	0.0%	0.0%
SBAC	D	0.03%	0.05%	0.03%
SBUX	A	0.09%	0.25%	0.09%
SCHW	B	0.05%	0.27%	0.05%
SHW	A	0.21%	0.16%	0.16%
SJM	D	0.04%	0.0%	0.0%
SLB	C	0.01%	0.14%	0.01%
SMCI	F	0.08%	0.01%	0.01%
SO	D	0.13%	0.22%	0.13%
SPG	B	0.17%	0.11%	0.11%
SPGI	C	0.29%	0.31%	0.29%
SRE	A	0.08%	0.13%	0.08%
STE	F	0.07%	0.04%	0.04%
STLD	B	0.04%	0.03%	0.03%
STZ	D	0.05%	0.06%	0.05%
SYF	B	0.31%	0.06%	0.06%
SYY	B	0.12%	0.09%	0.09%
T	A	0.75%	0.38%	0.38%
TAP	C	0.08%	0.01%	0.01%
TDG	D	0.15%	0.04%	0.04%
TER	D	0.03%	0.02%	0.02%
TFC	A	0.09%	0.14%	0.09%
TFX	F	0.02%	0.01%	0.01%
TGT	F	0.59%	0.12%	0.12%
TJX	A	0.38%	0.31%	0.31%
TMO	F	0.27%	0.42%	0.27%
TMUS	B	0.43%	0.28%	0.28%
TPR	B	0.01%	0.02%	0.01%
TRGP	B	0.11%	0.09%	0.09%
TROW	B	0.09%	0.05%	0.05%
TRV	B	0.2%	0.11%	0.11%
TSCO	D	0.11%	0.06%	0.06%
TSN	B	0.18%	0.04%	0.04%
TTWO	A	0.08%	0.04%	0.04%
TXN	C	0.28%	0.39%	0.28%
TYL	B	0.08%	0.02%	0.02%
UAL	A	0.02%	0.06%	0.02%
UBER	D	0.2%	0.33%	0.2%
UDR	B	0.03%	0.03%	0.03%
UHS	D	0.06%	0.01%	0.01%
ULTA	F	0.03%	0.01%	0.01%
UNH	C	0.81%	1.17%	0.81%
UNP	C	0.5%	0.32%	0.32%
UPS	C	0.24%	0.21%	0.21%
URI	B	0.09%	0.03%	0.03%
USB	A	0.11%	0.18%	0.11%
V	A	0.31%	1.02%	0.31%
VLO	C	0.16%	0.11%	0.11%
VLTO	D	0.04%	0.04%	0.04%
VRSK	A	0.16%	0.07%	0.07%
VRSN	F	0.04%	0.01%	0.01%
VRTX	F	0.21%	0.27%	0.21%
VST	B	0.26%	0.11%	0.11%
VTR	C	0.04%	0.05%	0.04%
VTRS	A	0.15%	0.04%	0.04%
VZ	C	1.03%	0.42%	0.42%
WAB	B	0.05%	0.05%	0.05%
WAT	B	0.05%	0.01%	0.01%
WBA	F	0.11%	0.01%	0.01%
WDC	D	0.08%	0.04%	0.04%
WELL	A	0.12%	0.16%	0.12%
WFC	A	0.99%	0.51%	0.51%
WM	A	0.27%	0.17%	0.17%
WMB	A	0.11%	0.16%	0.11%
WMT	A	1.77%	0.77%	0.77%
WRB	A	0.03%	0.04%	0.03%
WST	C	0.04%	0.01%	0.01%
WTW	B	0.11%	0.06%	0.06%
XOM	B	0.43%	1.13%	0.43%
XYL	D	0.11%	0.05%	0.05%
YUM	B	0.13%	0.08%	0.08%
ZBRA	B	0.04%	0.01%	0.01%
ZTS	D	0.05%	0.18%	0.05%

MFUS Overweight 438 Positions Relative to SPYI

Symbol	Grade	Weight
THC	D	0.26%
SFM	A	0.25%
ANF	C	0.24%
WSM	B	0.24%
LII	A	0.22%
WSO	A	0.18%
UTHR	C	0.18%
CASY	A	0.17%
MUSA	A	0.16%
BAH	F	0.14%
APP	B	0.13%
EVR	B	0.13%
RPM	A	0.13%
CW	B	0.11%
ALSN	B	0.11%
DASH	A	0.11%
COIN	C	0.11%
BWXT	B	0.11%
CRS	A	0.11%
AYI	B	0.1%
JXN	C	0.1%
LSTR	D	0.09%
WCC	B	0.09%
MLI	C	0.09%
EHC	B	0.09%
ARES	A	0.09%
TMHC	B	0.09%
GPI	A	0.09%
CALM	A	0.09%
GEO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
HCC	B	0.08%
ATR	B	0.08%
GPK	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
SEIC	B	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
EXP	A	0.07%
BCC	B	0.07%
LPLA	A	0.07%
SCI	B	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
AEO	F	0.07%
R	B	0.07%
VNO	B	0.07%
THO	B	0.07%
HRB	D	0.07%
CNX	A	0.07%
SEE	C	0.06%
JLL	D	0.06%
LECO	B	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
TW	A	0.06%
MTH	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%
TTC	D	0.06%
FCNCA	A	0.06%
ALNY	D	0.06%
RGA	A	0.06%
IBKR	A	0.06%
TOL	B	0.06%
EME	C	0.05%
URBN	C	0.05%
CNO	A	0.05%
NFG	A	0.05%
NSIT	F	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%
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%
FLEX	A	0.05%
USFD	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%
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%
ACM	A	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
AWI	A	0.04%
AMH	D	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%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
FLO	D	0.04%
ARW	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
CVLT	B	0.04%
BHF	B	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
GBX	A	0.04%
WTM	A	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%
CRBG	B	0.04%
WERN	C	0.04%
DCI	B	0.04%
GATX	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
STC	B	0.03%
HAE	C	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%
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%
OI	C	0.03%
JEF	A	0.03%
OMF	A	0.03%
BURL	A	0.03%
SHOO	D	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
RPRX	D	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
X	C	0.03%
MATX	C	0.03%
BLD	D	0.03%
DDS	B	0.03%
GMS	B	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%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
TPX	B	0.03%
SM	B	0.03%
MANH	D	0.03%
GNW	A	0.03%
MORN	B	0.03%
BJ	A	0.03%
OSK	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%
SSNC	B	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	D	0.02%
BHE	B	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
WBS	A	0.02%
PHIN	A	0.02%
JBLU	F	0.02%
NSP	D	0.02%
GME	C	0.02%
ZION	B	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%
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%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
XHR	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
SBH	C	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
PAG	B	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%
GHC	C	0.02%
MSA	D	0.02%
ORA	B	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
SVC	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%
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%
ACI	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%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	0.01%
KALU	C	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%
FDP	B	0.01%
WMK	C	0.01%
DAN	D	0.01%
CNM	D	0.01%
CFR	B	0.01%
FELE	B	0.01%
PPC	C	0.01%
BBWI	D	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%
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%
ADC	B	0.01%
PTEN	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 122 Positions Relative to SPYI

Symbol	Grade	Weight
MSFT	F	-6.28%
GOOGL	C	-2.1%
TSLA	B	-1.91%
GOOG	C	-1.8%
CRM	B	-0.71%
AMD	F	-0.51%
DIS	B	-0.49%
ABT	B	-0.46%
LIN	D	-0.46%
INTU	C	-0.39%
HON	B	-0.32%
SYK	C	-0.3%
ETN	A	-0.29%
MDT	D	-0.26%
PLD	D	-0.25%
ADI	D	-0.25%
DE	A	-0.24%
GEV	B	-0.21%
EOG	A	-0.19%
BA	F	-0.18%
TT	A	-0.18%
CDNS	B	-0.18%
EQIX	A	-0.18%
FCX	D	-0.15%
CRWD	B	-0.15%
APD	A	-0.14%
SNPS	B	-0.13%
NXPI	D	-0.13%
PCAR	B	-0.13%
ABNB	C	-0.13%
FDX	B	-0.12%
EW	C	-0.1%
PCG	A	-0.1%
ROST	C	-0.09%
HES	B	-0.09%
DAL	C	-0.09%
CTSH	B	-0.09%
KVUE	A	-0.09%
VICI	C	-0.08%
ACGL	D	-0.08%
IQV	D	-0.08%
MCHP	D	-0.08%
AME	A	-0.08%
XEL	A	-0.08%
RJF	A	-0.07%
LULU	C	-0.07%
ON	D	-0.07%
GPN	B	-0.07%
OXY	D	-0.07%
STT	A	-0.06%
FTV	C	-0.06%
ROK	B	-0.06%
DXCM	D	-0.06%
HAL	C	-0.06%
WEC	A	-0.06%
CSGP	D	-0.06%
VMC	B	-0.06%
HUM	C	-0.06%
ZBH	C	-0.05%
CTRA	B	-0.05%
GRMN	B	-0.05%
WY	D	-0.05%
WBD	C	-0.05%
DVN	F	-0.05%
EQT	B	-0.04%
FSLR	F	-0.04%
KEYS	A	-0.04%
AEE	A	-0.04%
EXPE	B	-0.04%
TRMB	B	-0.04%
CBOE	B	-0.04%
LUV	C	-0.04%
CNP	B	-0.04%
NCLH	B	-0.03%
DOC	D	-0.03%
AXON	A	-0.03%
GPC	D	-0.03%
EL	F	-0.03%
J	F	-0.03%
LVS	C	-0.03%
LYV	A	-0.03%
AWK	D	-0.03%
TXT	D	-0.03%
AMCR	D	-0.03%
CZR	F	-0.02%
LKQ	D	-0.02%
TECH	D	-0.02%
SOLV	C	-0.02%
REG	B	-0.02%
DAY	B	-0.02%
KMX	B	-0.02%
MTCH	D	-0.02%
SWKS	F	-0.02%
SWK	D	-0.02%
BG	F	-0.02%
CF	B	-0.02%
MGM	D	-0.02%
APTV	D	-0.02%
MRNA	F	-0.02%
STX	D	-0.02%
ALB	C	-0.02%
SW	A	-0.02%
ARE	D	-0.02%
CRL	C	-0.01%
ALLE	D	-0.01%
PAYC	B	-0.01%
EPAM	C	-0.01%
FOX	A	-0.01%
EG	C	-0.01%
LH	C	-0.01%
MOH	F	-0.01%
PODD	C	-0.01%
SNA	A	-0.01%
TDY	B	-0.01%
APA	D	-0.01%
HAS	D	-0.01%
ENPH	F	-0.01%
NWS	B	-0.0%
FMC	D	-0.0%
WYNN	D	-0.0%
GL	B	-0.0%
FRT	B	-0.0%