MFUS vs. SSO ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to ProShares Ultra S&P500 (SSO)

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

$52.01

Average Daily Volume

5,505

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.09

Average Daily Volume

2,193,039

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SSO
30 Days	2.57%	6.72%
60 Days	8.30%	19.05%
90 Days	10.72%	24.21%
12 Months	38.91%	79.88%

376 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SSO	Overlap
A	D	0.05%	0.06%	0.05%
AAPL	B	0.96%	4.68%	0.96%
ABBV	B	1.65%	0.5%	0.5%
ACN	C	0.24%	0.3%	0.24%
ADBE	F	0.04%	0.3%	0.04%
ADM	F	0.24%	0.04%	0.04%
ADP	A	0.11%	0.16%	0.11%
ADSK	A	0.09%	0.09%	0.09%
AEP	D	0.08%	0.07%	0.07%
AES	F	0.01%	0.01%	0.01%
AFL	D	0.21%	0.07%	0.07%
AIG	C	0.36%	0.07%	0.07%
AIZ	A	0.08%	0.01%	0.01%
AJG	C	0.15%	0.08%	0.08%
AKAM	F	0.03%	0.02%	0.02%
ALGN	F	0.01%	0.02%	0.01%
ALL	B	0.25%	0.07%	0.07%
AMAT	D	0.55%	0.21%	0.21%
AMGN	C	1.03%	0.24%	0.24%
AMP	B	0.17%	0.07%	0.07%
AMT	F	0.15%	0.14%	0.14%
AMZN	B	1.64%	2.55%	1.64%
ANET	C	0.15%	0.14%	0.14%
ANSS	B	0.05%	0.04%	0.04%
AON	B	0.25%	0.11%	0.11%
AOS	F	0.09%	0.01%	0.01%
APH	B	0.12%	0.11%	0.11%
ATO	A	0.02%	0.03%	0.02%
AVB	A	0.03%	0.04%	0.03%
AVGO	B	1.63%	1.09%	1.09%
AVY	F	0.1%	0.02%	0.02%
AXP	B	0.22%	0.21%	0.21%
AZO	D	0.28%	0.07%	0.07%
BAC	B	0.42%	0.39%	0.39%
BALL	F	0.07%	0.02%	0.02%
BAX	F	0.05%	0.03%	0.03%
BBY	D	0.22%	0.02%	0.02%
BDX	F	0.12%	0.09%	0.09%
BEN	C	0.02%	0.01%	0.01%
BIIB	F	0.07%	0.04%	0.04%
BK	B	0.18%	0.08%	0.08%
BKNG	B	0.41%	0.22%	0.22%
BKR	B	0.07%	0.05%	0.05%
BLDR	D	0.04%	0.03%	0.03%
BMY	C	0.4%	0.15%	0.15%
BR	A	0.16%	0.03%	0.03%
BRK.A	C	2.36%	1.14%	1.14%
BRO	B	0.12%	0.03%	0.03%
BSX	A	0.2%	0.17%	0.17%
BWA	D	0.01%	0.01%	0.01%
BX	A	0.12%	0.17%	0.12%
BXP	B	0.02%	0.02%	0.02%
C	B	0.65%	0.17%	0.17%
CAG	F	0.04%	0.02%	0.02%
CAH	B	0.25%	0.04%	0.04%
CARR	D	0.05%	0.08%	0.05%
CAT	B	0.2%	0.25%	0.2%
CB	D	0.16%	0.14%	0.14%
CBRE	A	0.05%	0.05%	0.05%
CCI	D	0.07%	0.06%	0.06%
CCL	B	0.02%	0.03%	0.02%
CDW	F	0.03%	0.03%	0.03%
CE	F	0.04%	0.02%	0.02%
CEG	D	0.11%	0.11%	0.11%
CFG	B	0.04%	0.03%	0.03%
CHD	C	0.07%	0.04%	0.04%
CHRW	B	0.13%	0.02%	0.02%
CHTR	B	0.3%	0.05%	0.05%
CI	F	0.13%	0.12%	0.12%
CINF	B	0.02%	0.03%	0.02%
CL	F	0.37%	0.11%	0.11%
CLX	B	0.13%	0.03%	0.03%
CMCSA	B	0.16%	0.23%	0.16%
CME	B	0.14%	0.11%	0.11%
CMG	C	0.2%	0.11%	0.11%
CMI	B	0.13%	0.06%	0.06%
CMS	D	0.03%	0.03%	0.03%
CNC	F	0.05%	0.05%	0.05%
COF	B	0.27%	0.09%	0.09%
COP	C	0.07%	0.17%	0.07%
COR	B	0.17%	0.06%	0.06%
COST	B	1.33%	0.54%	0.54%
CPAY	B	0.03%	0.03%	0.03%
CPB	D	0.05%	0.01%	0.01%
CPRT	B	0.08%	0.06%	0.06%
CPT	C	0.06%	0.02%	0.02%
CSCO	A	0.65%	0.31%	0.31%
CSX	B	0.11%	0.09%	0.09%
CTAS	A	0.19%	0.1%	0.1%
CTLT	D	0.02%	0.01%	0.01%
CTVA	C	0.04%	0.06%	0.04%
CVS	F	0.66%	0.1%	0.1%
CVX	B	0.39%	0.36%	0.36%
D	C	0.07%	0.07%	0.07%
DD	D	0.1%	0.05%	0.05%
DECK	B	0.16%	0.03%	0.03%
DELL	C	0.03%	0.05%	0.03%
DFS	B	0.09%	0.05%	0.05%
DG	F	0.1%	0.02%	0.02%
DGX	B	0.09%	0.02%	0.02%
DHI	D	0.07%	0.07%	0.07%
DHR	F	0.26%	0.22%	0.22%
DLR	B	0.09%	0.07%	0.07%
DLTR	F	0.03%	0.02%	0.02%
DOV	B	0.02%	0.04%	0.02%
DOW	F	0.02%	0.05%	0.02%
DPZ	C	0.13%	0.02%	0.02%
DRI	B	0.03%	0.03%	0.03%
DTE	D	0.02%	0.03%	0.02%
DUK	D	0.14%	0.12%	0.12%
DVA	D	0.15%	0.01%	0.01%
EA	B	0.17%	0.05%	0.05%
EBAY	D	0.36%	0.04%	0.04%
ECL	D	0.08%	0.09%	0.08%
ED	D	0.06%	0.05%	0.05%
EFX	D	0.11%	0.05%	0.05%
EIX	D	0.05%	0.04%	0.04%
ELV	F	0.16%	0.13%	0.13%
EMN	D	0.04%	0.02%	0.02%
EMR	B	0.08%	0.09%	0.08%
EQR	D	0.04%	0.03%	0.03%
ERIE	D	0.05%	0.01%	0.01%
ES	D	0.04%	0.03%	0.03%
ESS	C	0.04%	0.02%	0.02%
ETR	B	0.05%	0.04%	0.04%
EVRG	B	0.02%	0.02%	0.02%
EXC	D	0.07%	0.05%	0.05%
EXPD	D	0.11%	0.02%	0.02%
EXR	D	0.11%	0.05%	0.05%
F	D	0.15%	0.06%	0.06%
FANG	D	0.05%	0.05%	0.05%
FAST	B	0.13%	0.06%	0.06%
FDS	B	0.04%	0.02%	0.02%
FE	D	0.03%	0.03%	0.03%
FFIV	B	0.06%	0.02%	0.02%
FI	B	0.18%	0.16%	0.16%
FICO	B	0.22%	0.07%	0.07%
FIS	C	0.08%	0.07%	0.07%
FITB	B	0.04%	0.04%	0.04%
FOXA	B	0.11%	0.01%	0.01%
FTNT	A	0.06%	0.07%	0.06%
GD	B	0.25%	0.1%	0.1%
GDDY	A	0.11%	0.03%	0.03%
GE	C	0.56%	0.26%	0.26%
GEHC	D	0.08%	0.05%	0.05%
GEN	B	0.1%	0.02%	0.02%
GILD	B	0.87%	0.15%	0.15%
GIS	F	0.19%	0.05%	0.05%
GLW	B	0.21%	0.05%	0.05%
GM	B	0.37%	0.08%	0.08%
GNRC	A	0.05%	0.01%	0.01%
GS	B	0.36%	0.23%	0.23%
GWW	A	0.21%	0.07%	0.07%
HBAN	B	0.03%	0.03%	0.03%
HCA	D	0.27%	0.09%	0.09%
HD	B	0.62%	0.54%	0.54%
HIG	C	0.06%	0.04%	0.04%
HII	F	0.02%	0.01%	0.01%
HLT	A	0.09%	0.08%	0.08%
HOLX	D	0.04%	0.03%	0.03%
HPE	B	0.11%	0.04%	0.04%
HPQ	B	0.29%	0.05%	0.05%
HRL	F	0.02%	0.01%	0.01%
HSIC	F	0.03%	0.01%	0.01%
HST	C	0.02%	0.02%	0.02%
HSY	F	0.06%	0.04%	0.04%
HUBB	B	0.03%	0.03%	0.03%
HWM	B	0.15%	0.06%	0.06%
IBM	D	1.07%	0.26%	0.26%
ICE	D	0.29%	0.12%	0.12%
IDXX	F	0.05%	0.05%	0.05%
IEX	B	0.09%	0.02%	0.02%
IFF	F	0.03%	0.03%	0.03%
INCY	A	0.01%	0.02%	0.01%
INTC	C	0.19%	0.14%	0.14%
INVH	D	0.04%	0.02%	0.02%
IP	B	0.09%	0.03%	0.03%
IPG	F	0.04%	0.02%	0.02%
IR	B	0.08%	0.05%	0.05%
IRM	C	0.13%	0.05%	0.05%
ISRG	A	0.28%	0.25%	0.25%
IT	B	0.14%	0.05%	0.05%
ITW	B	0.1%	0.1%	0.1%
IVZ	B	0.03%	0.01%	0.01%
JBHT	B	0.02%	0.02%	0.02%
JBL	C	0.03%	0.02%	0.02%
JCI	A	0.06%	0.07%	0.06%
JKHY	C	0.11%	0.02%	0.02%
JNJ	D	1.27%	0.53%	0.53%
JNPR	C	0.14%	0.02%	0.02%
JPM	B	0.93%	0.88%	0.88%
K	A	0.15%	0.03%	0.03%
KDP	F	0.07%	0.05%	0.05%
KEY	B	0.02%	0.02%	0.02%
KHC	F	0.16%	0.04%	0.04%
KIM	A	0.02%	0.02%	0.02%
KKR	B	0.14%	0.13%	0.13%
KLAC	F	0.24%	0.12%	0.12%
KMB	D	0.17%	0.06%	0.06%
KMI	A	0.1%	0.06%	0.06%
KO	D	1.07%	0.35%	0.35%
KR	A	0.37%	0.05%	0.05%
L	A	0.06%	0.02%	0.02%
LDOS	A	0.13%	0.03%	0.03%
LEN	D	0.07%	0.06%	0.06%
LHX	A	0.27%	0.06%	0.06%
LLY	D	2.52%	0.89%	0.89%
LMT	D	0.78%	0.16%	0.16%
LNT	D	0.02%	0.02%	0.02%
LOW	B	0.36%	0.21%	0.21%
LRCX	D	0.18%	0.13%	0.13%
LW	C	0.03%	0.02%	0.02%
LYB	F	0.16%	0.03%	0.03%
MA	A	0.28%	0.58%	0.28%
MAA	C	0.02%	0.02%	0.02%
MAR	A	0.04%	0.08%	0.04%
MAS	D	0.06%	0.02%	0.02%
MCD	D	0.54%	0.29%	0.29%
MCK	B	0.56%	0.09%	0.09%
MCO	C	0.14%	0.1%	0.1%
MDLZ	F	0.24%	0.13%	0.13%
MET	C	0.32%	0.06%	0.06%
META	B	2.36%	1.71%	1.71%
MHK	D	0.01%	0.01%	0.01%
MKC	D	0.06%	0.03%	0.03%
MKTX	C	0.02%	0.02%	0.02%
MLM	B	0.07%	0.05%	0.05%
MMC	C	0.2%	0.15%	0.15%
MMM	C	0.58%	0.1%	0.1%
MNST	B	0.07%	0.05%	0.05%
MO	B	0.73%	0.13%	0.13%
MOS	C	0.01%	0.01%	0.01%
MPC	F	0.32%	0.07%	0.07%
MPWR	F	0.08%	0.05%	0.05%
MRK	F	0.89%	0.36%	0.36%
MRO	B	0.03%	0.02%	0.02%
MS	B	0.2%	0.2%	0.2%
MSCI	B	0.07%	0.06%	0.06%
MSI	A	0.19%	0.1%	0.1%
MTB	B	0.04%	0.04%	0.04%
MTD	F	0.09%	0.04%	0.04%
MU	C	0.17%	0.15%	0.15%
NDAQ	B	0.05%	0.04%	0.04%
NDSN	C	0.04%	0.02%	0.02%
NEE	D	0.24%	0.22%	0.22%
NEM	D	0.18%	0.07%	0.07%
NFLX	A	0.48%	0.45%	0.45%
NI	A	0.02%	0.02%	0.02%
NKE	F	0.06%	0.13%	0.06%
NOC	C	0.37%	0.1%	0.1%
NOW	B	0.34%	0.27%	0.27%
NRG	B	0.07%	0.02%	0.02%
NSC	B	0.07%	0.08%	0.07%
NTAP	C	0.1%	0.03%	0.03%
NTRS	B	0.03%	0.03%	0.03%
NUE	C	0.08%	0.05%	0.05%
NVDA	B	1.82%	4.6%	1.82%
NVR	D	0.1%	0.04%	0.04%
NWSA	B	0.04%	0.01%	0.01%
O	D	0.06%	0.07%	0.06%
ODFL	B	0.02%	0.05%	0.02%
OKE	A	0.09%	0.08%	0.08%
OMC	B	0.06%	0.03%	0.03%
ORCL	A	1.42%	0.38%	0.38%
ORLY	B	0.2%	0.09%	0.09%
OTIS	B	0.08%	0.06%	0.06%
PANW	A	0.23%	0.16%	0.16%
PARA	C	0.01%	0.01%	0.01%
PAYX	A	0.04%	0.06%	0.04%
PEG	D	0.06%	0.06%	0.06%
PEP	F	0.76%	0.31%	0.31%
PFE	F	0.62%	0.22%	0.22%
PFG	C	0.01%	0.02%	0.01%
PG	D	1.03%	0.54%	0.54%
PGR	B	0.57%	0.2%	0.2%
PH	B	0.14%	0.11%	0.11%
PHM	D	0.1%	0.04%	0.04%
PKG	B	0.1%	0.03%	0.03%
PLTR	A	0.16%	0.12%	0.12%
PM	C	0.92%	0.28%	0.28%
PNC	A	0.11%	0.1%	0.1%
PNR	B	0.02%	0.02%	0.02%
PNW	B	0.01%	0.01%	0.01%
POOL	B	0.07%	0.02%	0.02%
PPG	F	0.05%	0.04%	0.04%
PPL	B	0.04%	0.03%	0.03%
PRU	C	0.23%	0.06%	0.06%
PSA	D	0.1%	0.07%	0.07%
PSX	F	0.22%	0.07%	0.07%
PTC	B	0.04%	0.03%	0.03%
PWR	A	0.12%	0.06%	0.06%
PYPL	A	0.12%	0.11%	0.11%
QCOM	C	0.8%	0.25%	0.25%
QRVO	F	0.01%	0.01%	0.01%
RCL	B	0.09%	0.07%	0.07%
REGN	F	0.4%	0.12%	0.12%
RF	B	0.02%	0.03%	0.02%
RL	B	0.03%	0.01%	0.01%
RMD	B	0.17%	0.05%	0.05%
ROL	C	0.06%	0.02%	0.02%
ROP	B	0.06%	0.08%	0.06%
RSG	B	0.13%	0.06%	0.06%
RTX	C	0.22%	0.22%	0.22%
RVTY	B	0.01%	0.02%	0.01%
SBAC	D	0.03%	0.03%	0.03%
SBUX	B	0.1%	0.15%	0.1%
SCHW	B	0.05%	0.15%	0.05%
SHW	B	0.22%	0.11%	0.11%
SJM	D	0.04%	0.02%	0.02%
SLB	D	0.01%	0.08%	0.01%
SMCI	F	0.08%	0.02%	0.02%
SO	D	0.13%	0.13%	0.13%
SPG	A	0.16%	0.07%	0.07%
SPGI	D	0.29%	0.21%	0.21%
SRE	A	0.07%	0.07%	0.07%
STE	F	0.08%	0.03%	0.03%
STLD	B	0.04%	0.03%	0.03%
STZ	F	0.06%	0.05%	0.05%
SYF	B	0.27%	0.03%	0.03%
SYY	C	0.13%	0.05%	0.05%
T	B	0.74%	0.22%	0.22%
TAP	B	0.08%	0.01%	0.01%
TDG	C	0.15%	0.1%	0.1%
TER	F	0.03%	0.02%	0.02%
TFC	B	0.08%	0.08%	0.08%
TFX	F	0.03%	0.01%	0.01%
TGT	F	0.75%	0.1%	0.1%
TJX	C	0.36%	0.18%	0.18%
TMO	F	0.3%	0.29%	0.29%
TMUS	A	0.42%	0.15%	0.15%
TPR	A	0.01%	0.01%	0.01%
TRGP	A	0.1%	0.05%	0.05%
TROW	B	0.09%	0.03%	0.03%
TRV	B	0.2%	0.08%	0.08%
TSCO	C	0.11%	0.04%	0.04%
TSN	D	0.17%	0.02%	0.02%
TTWO	B	0.07%	0.04%	0.04%
TXN	A	0.3%	0.26%	0.26%
TYL	B	0.08%	0.04%	0.04%
UAL	A	0.01%	0.04%	0.01%
UBER	F	0.22%	0.21%	0.21%
UDR	C	0.03%	0.02%	0.02%
UHS	D	0.06%	0.02%	0.02%
ULTA	C	0.04%	0.02%	0.02%
UNH	B	0.77%	0.72%	0.72%
UNP	D	0.51%	0.2%	0.2%
UPS	D	0.25%	0.14%	0.14%
URI	B	0.09%	0.07%	0.07%
USB	B	0.1%	0.1%	0.1%
V	B	0.3%	0.67%	0.3%
VLO	D	0.16%	0.06%	0.06%
VLTO	D	0.04%	0.03%	0.03%
VRSK	A	0.16%	0.05%	0.05%
VRSN	D	0.04%	0.02%	0.02%
VRTX	A	0.23%	0.17%	0.17%
VST	B	0.2%	0.06%	0.06%
VTR	B	0.04%	0.04%	0.04%
VTRS	B	0.13%	0.02%	0.02%
VZ	D	1.03%	0.24%	0.24%
WAB	A	0.05%	0.05%	0.05%
WAT	B	0.06%	0.03%	0.03%
WBA	F	0.13%	0.01%	0.01%
WDC	C	0.08%	0.03%	0.03%
WELL	B	0.12%	0.11%	0.11%
WFC	B	0.87%	0.3%	0.3%
WM	B	0.28%	0.11%	0.11%
WMB	B	0.1%	0.09%	0.09%
WMT	A	1.72%	0.49%	0.49%
WRB	B	0.02%	0.02%	0.02%
WST	C	0.05%	0.03%	0.03%
WTW	B	0.11%	0.04%	0.04%
XOM	B	0.44%	0.71%	0.44%
XYL	F	0.11%	0.04%	0.04%
YUM	C	0.14%	0.05%	0.05%
ZBRA	B	0.04%	0.03%	0.03%
ZTS	F	0.05%	0.11%	0.05%

MFUS Overweight 439 Positions Relative to SSO

Symbol	Grade	Weight
THC	B	0.28%
ANF	C	0.25%
SFM	A	0.24%
LII	A	0.21%
UTHR	B	0.19%
WSM	F	0.19%
BAH	B	0.18%
CASY	B	0.16%
WSO	B	0.16%
MUSA	C	0.15%
RPM	B	0.13%
EVR	B	0.12%
CW	A	0.11%
CACI	B	0.11%
BWXT	B	0.11%
AYI	A	0.1%
CRS	B	0.1%
JXN	B	0.1%
DASH	A	0.1%
ALSN	A	0.1%
ARES	B	0.09%
GPI	B	0.09%
LSTR	C	0.09%
CALM	B	0.09%
EHC	B	0.09%
TMHC	A	0.09%
ABG	B	0.08%
HCC	A	0.08%
HRB	D	0.08%
HLI	B	0.08%
AEO	F	0.08%
WCC	B	0.08%
ITT	A	0.08%
ATR	B	0.08%
SEIC	B	0.08%
DKS	D	0.08%
EQH	B	0.08%
GPK	C	0.08%
MLI	B	0.08%
SLG	B	0.08%
CNX	B	0.07%
EXP	B	0.07%
COIN	B	0.07%
R	A	0.07%
SCI	A	0.07%
BCC	B	0.07%
ALNY	B	0.07%
GLPI	D	0.07%
THO	C	0.07%
LPX	B	0.07%
VNO	A	0.07%
BTU	B	0.06%
ATGE	B	0.06%
CMC	B	0.06%
NXST	C	0.06%
FCN	F	0.06%
KTB	A	0.06%
LECO	C	0.06%
CHE	F	0.06%
GAP	C	0.06%
TPH	D	0.06%
TW	B	0.06%
BC	C	0.06%
WEN	C	0.06%
SEE	C	0.06%
MMS	C	0.06%
TXRH	B	0.06%
JLL	C	0.06%
LPLA	A	0.06%
RGA	B	0.06%
PK	C	0.06%
AMG	C	0.06%
AN	D	0.06%
MSM	C	0.06%
CCK	C	0.06%
MTH	D	0.06%
TTC	D	0.06%
TOL	B	0.06%
INGR	B	0.06%
BERY	C	0.06%
APP	B	0.06%
WU	F	0.06%
UFPI	C	0.06%
SKYW	B	0.06%
URBN	D	0.05%
CRBG	C	0.05%
NFG	C	0.05%
OGN	F	0.05%
MTN	D	0.05%
SMG	D	0.05%
USFD	B	0.05%
COOP	A	0.05%
GVA	A	0.05%
HBI	B	0.05%
G	B	0.05%
EXEL	B	0.05%
GNTX	D	0.05%
SLGN	B	0.05%
TEX	C	0.05%
VIRT	A	0.05%
CRI	F	0.05%
ALLY	C	0.05%
POST	D	0.05%
SUI	F	0.05%
BFH	B	0.05%
CBT	B	0.05%
IBKR	B	0.05%
LUMN	B	0.05%
LAMR	C	0.05%
NSIT	F	0.05%
SLM	B	0.05%
FCNCA	B	0.05%
SQ	C	0.05%
FIX	A	0.05%
DOX	A	0.04%
AMH	D	0.04%
TRN	B	0.04%
BJ	B	0.04%
CDP	C	0.04%
WH	A	0.04%
ACM	B	0.04%
SEM	B	0.04%
SON	F	0.04%
CLH	B	0.04%
AVT	B	0.04%
BDC	B	0.04%
LANC	B	0.04%
ELS	C	0.04%
AGNC	D	0.04%
CVLT	A	0.04%
JWN	C	0.04%
SANM	B	0.04%
RUSHA	B	0.04%
PSTG	C	0.04%
HUBG	B	0.04%
PRIM	A	0.04%
WTM	B	0.04%
GBX	B	0.04%
SLVM	A	0.04%
HEI	C	0.04%
BHF	B	0.04%
AROC	B	0.04%
FLO	F	0.04%
GEO	B	0.04%
OLN	F	0.04%
UNM	B	0.04%
FL	F	0.04%
CMA	B	0.04%
ATI	D	0.04%
LOPE	A	0.04%
FTI	B	0.04%
NBIX	C	0.04%
CPNG	C	0.04%
GATX	B	0.04%
TKR	F	0.04%
JHG	A	0.04%
SIG	B	0.04%
CRUS	F	0.04%
ARW	F	0.04%
EME	B	0.04%
MAC	B	0.04%
CUBE	D	0.04%
AR	C	0.04%
RS	B	0.04%
KD	B	0.04%
TDS	B	0.04%
RGLD	B	0.04%
CNO	B	0.04%
THG	A	0.04%
SRCL	A	0.04%
TGNA	B	0.04%
MHO	C	0.04%
MOG.A	B	0.04%
ABM	B	0.04%
FLEX	A	0.04%
DCI	A	0.04%
UNF	B	0.03%
XRAY	F	0.03%
DRH	B	0.03%
HXL	D	0.03%
ORA	B	0.03%
BKE	B	0.03%
RYN	D	0.03%
APAM	B	0.03%
OI	D	0.03%
OMF	A	0.03%
BURL	C	0.03%
FNF	C	0.03%
WPC	D	0.03%
WHR	B	0.03%
LNC	B	0.03%
VC	F	0.03%
FHI	B	0.03%
BKU	B	0.03%
MAN	F	0.03%
AMKR	F	0.03%
PRG	C	0.03%
CG	B	0.03%
PLXS	B	0.03%
DDS	C	0.03%
APLE	B	0.03%
COHR	B	0.03%
LBRDK	B	0.03%
MC	B	0.03%
BFAM	F	0.03%
RLI	A	0.03%
GMS	B	0.03%
GNW	C	0.03%
TPX	C	0.03%
GGG	C	0.03%
AVA	D	0.03%
X	C	0.03%
AVTR	F	0.03%
RPRX	F	0.03%
SM	C	0.03%
MASI	B	0.03%
DBRG	F	0.03%
SHOO	D	0.03%
MATX	B	0.03%
XPO	B	0.03%
BLD	F	0.03%
ASO	F	0.03%
OSK	B	0.03%
HOOD	A	0.03%
NYT	B	0.03%
KBH	C	0.03%
MANH	C	0.03%
MORN	A	0.03%
COLD	F	0.03%
AWI	A	0.03%
PHIN	B	0.02%
REZI	A	0.02%
HE	D	0.02%
TTMI	A	0.02%
DNOW	C	0.02%
ZION	B	0.02%
SSNC	C	0.02%
LAUR	B	0.02%
WAL	B	0.02%
LXP	D	0.02%
SNV	B	0.02%
BHE	B	0.02%
UHAL	B	0.02%
SATS	C	0.02%
AA	B	0.02%
AXTA	A	0.02%
JBLU	C	0.02%
CSL	C	0.02%
LEG	F	0.02%
TTEK	C	0.02%
OSIS	C	0.02%
VSH	F	0.02%
ANDE	D	0.02%
TDC	D	0.02%
LAD	B	0.02%
HNI	B	0.02%
APG	B	0.02%
HP	C	0.02%
WKC	D	0.02%
SNDR	A	0.02%
NSP	F	0.02%
BRKR	F	0.02%
NAVI	F	0.02%
MDU	F	0.02%
ODP	F	0.02%
RHI	B	0.02%
PMT	D	0.02%
VFC	B	0.02%
VVV	B	0.02%
M	C	0.02%
RLJ	D	0.02%
OC	B	0.02%
EPC	D	0.02%
LNW	C	0.02%
APOG	A	0.02%
PFSI	D	0.02%
SAM	C	0.02%
YELP	C	0.02%
PBF	F	0.02%
NWL	B	0.02%
AIR	C	0.02%
SXT	B	0.02%
NTCT	B	0.02%
VSCO	B	0.02%
GWRE	B	0.02%
MCY	A	0.02%
XHR	B	0.02%
DLB	C	0.02%
SKX	F	0.02%
EWBC	B	0.02%
OHI	B	0.02%
DORM	B	0.02%
AGCO	D	0.02%
HAE	B	0.02%
PAG	C	0.02%
SBH	C	0.02%
CC	C	0.02%
GHC	A	0.02%
FAF	D	0.02%
HOG	F	0.02%
CXW	B	0.02%
KBR	A	0.02%
GEF	B	0.02%
WMS	D	0.02%
RRC	C	0.02%
KSS	F	0.02%
KMPR	A	0.02%
DK	F	0.02%
PVH	C	0.02%
THS	F	0.02%
MSA	D	0.02%
STC	C	0.02%
MTG	D	0.02%
VSTO	B	0.02%
GMED	B	0.02%
COKE	D	0.02%
ADNT	F	0.02%
PDCO	D	0.02%
LZB	C	0.02%
PINC	B	0.02%
NEU	D	0.02%
PSN	B	0.02%
PNM	B	0.02%
ACA	B	0.02%
WERN	B	0.02%
JEF	B	0.02%
AAP	F	0.01%
SVC	F	0.01%
NOV	D	0.01%
KNX	B	0.01%
CPRI	F	0.01%
DINO	F	0.01%
SCL	C	0.01%
UHAL	B	0.01%
RKT	D	0.01%
ELAN	D	0.01%
MLKN	F	0.01%
MKSI	D	0.01%
CACC	F	0.01%
IMKTA	D	0.01%
CNXN	C	0.01%
WOR	D	0.01%
ECPG	B	0.01%
ARI	D	0.01%
IGT	D	0.01%
RDN	D	0.01%
HTH	C	0.01%
ACI	C	0.01%
GIII	C	0.01%
UVV	C	0.01%
SR	D	0.01%
WGO	C	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	C	0.01%
PB	B	0.01%
XRX	F	0.01%
SWX	B	0.01%
ARMK	B	0.01%
KALU	C	0.01%
CNS	B	0.01%
CENTA	D	0.01%
ESI	B	0.01%
SHO	B	0.01%
SPR	F	0.01%
WAFD	C	0.01%
JELD	F	0.01%
JBGS	D	0.01%
SIGI	B	0.01%
PECO	B	0.01%
AMED	C	0.01%
WMK	B	0.01%
CLF	D	0.01%
CFR	B	0.01%
OMI	F	0.01%
BRC	B	0.01%
DY	C	0.01%
FDP	B	0.01%
STRA	D	0.01%
DAN	F	0.01%
FELE	C	0.01%
SPB	C	0.01%
LEA	F	0.01%
CNM	D	0.01%
KN	B	0.01%
ONB	B	0.01%
PPC	B	0.01%
CBSH	A	0.01%
IDCC	A	0.01%
TNET	F	0.01%
FHN	B	0.01%
DXC	C	0.01%
CROX	F	0.01%
CSGS	B	0.01%
WTFC	B	0.01%
CADE	B	0.01%
NNN	D	0.01%
ESNT	F	0.01%
BBWI	D	0.01%
LADR	C	0.01%
CR	A	0.01%
SAIC	B	0.01%
FLR	C	0.01%
WWD	B	0.01%
H	C	0.01%
ESAB	B	0.01%
MUR	F	0.01%
RBC	A	0.01%
DTM	A	0.01%
GOLF	B	0.01%
GES	F	0.01%
IOSP	B	0.01%
GME	C	0.01%
PTEN	D	0.01%
SCS	C	0.01%
NNI	C	0.01%
SAH	B	0.01%
PSMT	C	0.01%
KEX	C	0.01%
AMWD	B	0.01%
ICUI	C	0.01%
ADC	B	0.01%
CWEN	D	0.01%
BMRN	F	0.01%
VNT	B	0.01%
WBS	B	0.01%
FYBR	C	0.01%
DEI	B	0.01%
SF	B	0.01%
GT	C	0.01%
FR	D	0.01%
SCCO	D	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 122 Positions Relative to SSO

Symbol	Grade	Weight
MSFT	C	-4.21%
GOOGL	B	-1.39%
GOOG	B	-1.14%
TSLA	B	-0.95%
CRM	A	-0.39%
AMD	F	-0.32%
LIN	D	-0.3%
ABT	B	-0.28%
INTU	A	-0.24%
DIS	C	-0.24%
HON	B	-0.19%
ETN	A	-0.18%
SYK	A	-0.17%
BA	F	-0.16%
MDT	C	-0.16%
ADI	D	-0.15%
DE	C	-0.14%
PLD	F	-0.14%
EQIX	B	-0.12%
TT	A	-0.12%
CDNS	B	-0.11%
SNPS	B	-0.11%
GEV	A	-0.11%
CRWD	C	-0.1%
FDX	B	-0.09%
FCX	C	-0.09%
EOG	B	-0.09%
APD	B	-0.09%
ABNB	D	-0.08%
NXPI	D	-0.08%
PCAR	B	-0.07%
MCHP	F	-0.06%
EW	F	-0.06%
AME	A	-0.06%
PCG	B	-0.06%
KVUE	A	-0.06%
ROST	D	-0.06%
VICI	D	-0.05%
OXY	F	-0.05%
VMC	B	-0.05%
ACGL	D	-0.05%
IQV	F	-0.05%
LULU	D	-0.05%
CTSH	B	-0.05%
XEL	B	-0.05%
DAL	B	-0.05%
HES	C	-0.05%
SW	B	-0.04%
KEYS	A	-0.04%
AWK	D	-0.04%
GPN	C	-0.04%
RJF	B	-0.04%
STT	B	-0.04%
DXCM	D	-0.04%
CSGP	D	-0.04%
WEC	B	-0.04%
ON	D	-0.04%
GRMN	B	-0.04%
ROK	B	-0.04%
AXON	B	-0.04%
HUM	F	-0.04%
LVS	C	-0.03%
LUV	B	-0.03%
WBD	C	-0.03%
LYV	B	-0.03%
MRNA	F	-0.03%
CNP	B	-0.03%
LH	A	-0.03%
MOH	F	-0.03%
EXPE	B	-0.03%
STX	D	-0.03%
EQT	B	-0.03%
TDY	A	-0.03%
ZBH	C	-0.03%
FSLR	F	-0.03%
CBOE	D	-0.03%
WY	D	-0.03%
AEE	A	-0.03%
DVN	F	-0.03%
HAL	D	-0.03%
FTV	F	-0.03%
NCLH	B	-0.02%
KMX	F	-0.02%
ENPH	F	-0.02%
ALB	C	-0.02%
REG	B	-0.02%
BG	F	-0.02%
TECH	B	-0.02%
DAY	A	-0.02%
ALLE	C	-0.02%
SWKS	F	-0.02%
SWK	F	-0.02%
AMCR	D	-0.02%
TRMB	A	-0.02%
APTV	F	-0.02%
CF	B	-0.02%
EG	D	-0.02%
TXT	D	-0.02%
DOC	B	-0.02%
EL	F	-0.02%
GPC	F	-0.02%
PODD	B	-0.02%
CTRA	C	-0.02%
ARE	D	-0.02%
SNA	A	-0.02%
J	C	-0.02%
FOX	B	-0.01%
FMC	D	-0.01%
FRT	C	-0.01%
MGM	F	-0.01%
CZR	D	-0.01%
APA	F	-0.01%
HAS	D	-0.01%
WYNN	D	-0.01%
MTCH	F	-0.01%
GL	C	-0.01%
CRL	D	-0.01%
LKQ	F	-0.01%
SOLV	C	-0.01%
PAYC	B	-0.01%
EPAM	C	-0.01%
NWS	B	-0.0%