MFUS vs. TOK ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares MSCI KLD 400 Social ETF (TOK)

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

$50.17

Average Daily Volume

7,445

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

TOK

iShares MSCI KLD 400 Social ETF

TOK Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Kokusai Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities of the underlying index. The underlying index is designed to measure equity market performance in those countries that MSCI Inc. ("MSCI") has classified as having developed economies, excluding Japan ("DEEJ").

Grade (RS Rating)

Last Trade

$115.30

Average Daily Volume

17,883

Number of Holdings ^*

591

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	TOK
30 Days	2.28%	1.40%
60 Days	3.87%	2.85%
90 Days	5.63%	5.07%
12 Months	30.76%	30.74%

398 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in TOK	Overlap
	A	C	0.05%	0.06%	0.05%
	AAPL	C	0.67%	4.87%	0.67%
	ABBV	C	1.34%	0.53%	0.53%
	ACI	F	0.01%	0.01%	0.01%
	ACM	B	0.04%	0.02%	0.02%
	ACN	C	0.19%	0.33%	0.19%
	ADBE	F	0.04%	0.36%	0.04%
	ADM	D	0.32%	0.05%	0.05%
	ADP	B	0.09%	0.18%	0.09%
	ADSK	C	0.09%	0.09%	0.09%
	AES	C	0.03%	0.02%	0.02%
	AFG	B	0.01%	0.01%	0.01%
	AFL	C	0.19%	0.09%	0.09%
	AIG	D	0.42%	0.08%	0.08%
	AIZ	B	0.07%	0.02%	0.02%
	AJG	D	0.09%	0.1%	0.09%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	D	0.02%	0.03%	0.02%
	ALL	B	0.36%	0.08%	0.08%
	ALLY	D	0.1%	0.01%	0.01%
	AMAT	F	0.44%	0.24%	0.24%
	AMGN	B	1.03%	0.28%	0.28%
	AMH	C	0.04%	0.02%	0.02%
	AMP	B	0.08%	0.07%	0.07%
	AMZN	C	1.27%	2.7%	1.27%
	ANET	A	0.12%	0.15%	0.12%
	ANSS	D	0.05%	0.04%	0.04%
	AON	B	0.19%	0.11%	0.11%
	AOS	D	0.11%	0.01%	0.01%
	APH	C	0.1%	0.12%	0.1%
	APO	B	0.1%	0.07%	0.07%
	APP	B	0.03%	0.04%	0.03%
	ARES	A	0.09%	0.04%	0.04%
	AVGO	C	1.34%	1.11%	1.11%
	AVTR	B	0.03%	0.03%	0.03%
	AVY	D	0.1%	0.03%	0.03%
	AXP	B	0.19%	0.24%	0.19%
	AZO	D	0.3%	0.08%	0.08%
	BAC	D	0.39%	0.43%	0.39%
	BAH	B	0.14%	0.03%	0.03%
	BALL	C	0.07%	0.03%	0.03%
	BAX	C	0.04%	0.03%	0.03%
	BBWI	F	0.02%	0.01%	0.01%
	BBY	C	0.24%	0.03%	0.03%
	BDX	F	0.09%	0.1%	0.09%
	BEN	F	0.04%	0.01%	0.01%
	BIIB	F	0.08%	0.04%	0.04%
	BK	A	0.27%	0.08%	0.08%
	BKNG	B	0.47%	0.21%	0.21%
	BKR	C	0.16%	0.05%	0.05%
	BLDR	C	0.04%	0.04%	0.04%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	C	0.28%	0.16%	0.16%
	BR	D	0.16%	0.04%	0.04%
	BRK.A	C	2.01%	0.93%	0.93%
	BRO	C	0.13%	0.04%	0.04%
	BSX	B	0.19%	0.19%	0.19%
	BURL	C	0.03%	0.03%	0.03%
	BX	B	0.23%	0.17%	0.17%
	BXP	B	0.02%	0.02%	0.02%
	C	C	1.22%	0.17%	0.17%
	CAG	C	0.05%	0.02%	0.02%
	CAH	C	0.35%	0.04%	0.04%
	CARR	B	0.12%	0.1%	0.1%
	CAT	B	0.41%	0.27%	0.27%
	CB	B	0.16%	0.17%	0.16%
	CCK	A	0.07%	0.02%	0.02%
	CCL	B	0.05%	0.03%	0.03%
	CDW	D	0.05%	0.05%	0.05%
	CE	F	0.07%	0.02%	0.02%
	CEG	A	0.09%	0.1%	0.09%
	CFG	C	0.06%	0.03%	0.03%
	CG	D	0.02%	0.02%	0.02%
	CHD	C	0.07%	0.04%	0.04%
	CHRD	F	0.02%	0.01%	0.01%
	CHRW	A	0.09%	0.02%	0.02%
	CHTR	D	0.24%	0.05%	0.05%
	CI	C	0.14%	0.16%	0.14%
	CINF	C	0.02%	0.03%	0.02%
	CL	C	0.33%	0.13%	0.13%
	CLX	C	0.15%	0.03%	0.03%
	CMCSA	D	0.24%	0.24%	0.24%
	CME	C	0.2%	0.12%	0.12%
	CMG	C	0.22%	0.12%	0.12%
	CMI	C	0.11%	0.06%	0.06%
	COF	A	0.42%	0.09%	0.09%
	COIN	F	0.06%	0.05%	0.05%
	COP	D	0.3%	0.2%	0.2%
	COST	B	1.21%	0.62%	0.62%
	CPAY	C	0.05%	0.03%	0.03%
	CPB	B	0.01%	0.01%	0.01%
	CPRT	D	0.19%	0.07%	0.07%
	CPT	B	0.06%	0.02%	0.02%
	CRM	D	0.35%	0.38%	0.35%
	CSCO	B	0.42%	0.32%	0.32%
	CSL	B	0.01%	0.03%	0.01%
	CSX	D	0.08%	0.1%	0.08%
	CTAS	C	0.18%	0.11%	0.11%
	CTLT	B	0.02%	0.02%	0.02%
	CTRA	D	0.02%	0.03%	0.02%
	CTVA	B	0.03%	0.06%	0.03%
	CVS	F	0.8%	0.11%	0.11%
	CVX	D	0.79%	0.38%	0.38%
	DASH	B	0.09%	0.06%	0.06%
	DD	B	0.21%	0.05%	0.05%
	DECK	D	0.17%	0.04%	0.04%
	DELL	C	0.05%	0.05%	0.05%
	DFS	B	0.08%	0.05%	0.05%
	DG	F	0.05%	0.03%	0.03%
	DGX	C	0.06%	0.03%	0.03%
	DHR	C	0.27%	0.28%	0.27%
	DINO	F	0.03%	0.01%	0.01%
	DKS	D	0.09%	0.02%	0.02%
	DLR	B	0.08%	0.08%	0.08%
	DLTR	F	0.02%	0.02%	0.02%
	DOV	B	0.02%	0.04%	0.02%
	DOW	D	0.04%	0.06%	0.04%
	DPZ	D	0.18%	0.02%	0.02%
	DRI	B	0.03%	0.03%	0.03%
	DUK	B	0.13%	0.14%	0.13%
	DVA	B	0.18%	0.01%	0.01%
	EA	D	0.09%	0.06%	0.06%
	EBAY	B	0.34%	0.05%	0.05%
	ECL	A	0.08%	0.1%	0.08%
	EFX	C	0.09%	0.06%	0.06%
	ELS	C	0.04%	0.02%	0.02%
	ELV	C	0.08%	0.2%	0.08%
	EME	A	0.03%	0.03%	0.03%
	EMN	B	0.06%	0.02%	0.02%
	EMR	D	0.15%	0.09%	0.09%
	ENTG	F	0.04%	0.03%	0.03%
	EOG	D	0.11%	0.11%	0.11%
	EQH	C	0.07%	0.02%	0.02%
	EQIX	B	0.03%	0.12%	0.03%
	ERIE	B	0.09%	0.02%	0.02%
	ETN	C	0.18%	0.19%	0.18%
	EVRG	B	0.01%	0.02%	0.01%
	EXC	B	0.12%	0.06%	0.06%
	EXPD	C	0.07%	0.03%	0.03%
	EXR	B	0.07%	0.06%	0.06%
	F	F	0.33%	0.06%	0.06%
	FANG	D	0.04%	0.05%	0.04%
	FAST	C	0.1%	0.06%	0.06%
	FCNCA	D	0.05%	0.03%	0.03%
	FCX	D	0.09%	0.1%	0.09%
	FDS	C	0.05%	0.03%	0.03%
	FFIV	B	0.04%	0.02%	0.02%
	FICO	B	0.22%	0.07%	0.07%
	FIS	B	0.08%	0.08%	0.08%
	FITB	B	0.05%	0.04%	0.04%
	FNF	B	0.03%	0.02%	0.02%
	FOXA	B	0.08%	0.01%	0.01%
	FTNT	B	0.06%	0.08%	0.06%
	GD	B	0.17%	0.11%	0.11%
	GDDY	C	0.09%	0.03%	0.03%
	GE	A	1.09%	0.3%	0.3%
	GEHC	C	0.02%	0.06%	0.02%
	GGG	C	0.04%	0.02%	0.02%
	GILD	B	0.78%	0.16%	0.16%
	GIS	B	0.11%	0.07%	0.07%
	GLPI	C	0.07%	0.02%	0.02%
	GLW	B	0.2%	0.05%	0.05%
	GM	B	0.56%	0.08%	0.08%
	GOOGL	D	1.17%	1.44%	1.17%
	GPC	D	0.02%	0.03%	0.02%
	GS	C	0.45%	0.24%	0.24%
	GWW	A	0.17%	0.07%	0.07%
	H	C	0.01%	0.01%	0.01%
	HAL	F	0.04%	0.04%	0.04%
	HBAN	B	0.03%	0.03%	0.03%
	HCA	A	0.13%	0.12%	0.12%
	HD	A	0.39%	0.59%	0.39%
	HEI	A	0.04%	0.02%	0.02%
	HEI	A	0.04%	0.03%	0.03%
	HIG	B	0.06%	0.05%	0.05%
	HII	D	0.02%	0.02%	0.02%
	HLT	B	0.08%	0.09%	0.08%
	HOLX	C	0.03%	0.03%	0.03%
	HOOD	C	0.03%	0.02%	0.02%
	HPE	D	0.2%	0.04%	0.04%
	HPQ	D	0.27%	0.05%	0.05%
	HRL	D	0.01%	0.01%	0.01%
	HSIC	D	0.03%	0.01%	0.01%
	HST	C	0.02%	0.02%	0.02%
	HSY	D	0.06%	0.05%	0.05%
	HUBB	A	0.08%	0.03%	0.03%
	HWM	B	0.12%	0.06%	0.06%
	IBM	A	1.32%	0.3%	0.3%
	ICE	C	0.29%	0.14%	0.14%
	IDXX	D	0.06%	0.06%	0.06%
	IEX	D	0.08%	0.03%	0.03%
	IFF	C	0.03%	0.04%	0.03%
	INCY	C	0.01%	0.02%	0.01%
	INTC	F	0.36%	0.14%	0.14%
	INTU	C	0.26%	0.28%	0.26%
	INVH	C	0.06%	0.04%	0.04%
	IP	C	0.12%	0.03%	0.03%
	IPG	C	0.07%	0.02%	0.02%
	IR	C	0.09%	0.06%	0.06%
	IRM	B	0.11%	0.05%	0.05%
	IT	A	0.16%	0.06%	0.06%
	ITW	C	0.08%	0.12%	0.08%
	JBHT	D	0.02%	0.02%	0.02%
	JBL	D	0.07%	0.02%	0.02%
	JKHY	C	0.1%	0.02%	0.02%
	JNJ	C	1.03%	0.62%	0.62%
	JNPR	A	0.13%	0.02%	0.02%
	JPM	D	0.9%	0.93%	0.9%
	K	A	0.1%	0.04%	0.04%
	KDP	B	0.06%	0.06%	0.06%
	KEY	B	0.02%	0.02%	0.02%
	KHC	C	0.16%	0.05%	0.05%
	KKR	A	0.13%	0.12%	0.12%
	KLAC	D	0.23%	0.16%	0.16%
	KMB	D	0.16%	0.07%	0.07%
	KMI	A	0.08%	0.07%	0.07%
	KNX	D	0.01%	0.01%	0.01%
	KO	B	0.6%	0.45%	0.45%
	KR	C	0.34%	0.06%	0.06%
	L	D	0.08%	0.02%	0.02%
	LDOS	B	0.08%	0.03%	0.03%
	LEN	C	0.08%	0.07%	0.07%
	LHX	C	0.19%	0.07%	0.07%
	LII	B	0.23%	0.03%	0.03%
	LLY	C	2.48%	1.13%	1.13%
	LMT	B	0.52%	0.19%	0.19%
	LOW	A	0.23%	0.23%	0.23%
	LPLA	D	0.07%	0.03%	0.03%
	LRCX	F	0.27%	0.15%	0.15%
	LVS	D	0.01%	0.02%	0.01%
	LW	D	0.04%	0.01%	0.01%
	LYB	F	0.21%	0.04%	0.04%
	MA	C	0.79%	0.64%	0.64%
	MANH	A	0.03%	0.03%	0.03%
	MAR	C	0.11%	0.09%	0.09%
	MAS	B	0.06%	0.03%	0.03%
	MCD	B	0.4%	0.33%	0.33%
	MCK	F	0.51%	0.1%	0.1%
	MCO	A	0.03%	0.12%	0.03%
	MDLZ	C	0.22%	0.16%	0.16%
	MET	A	0.36%	0.07%	0.07%
	META	A	2.02%	1.81%	1.81%
	MKC	C	0.08%	0.03%	0.03%
	MKL	C	0.03%	0.03%	0.03%
	MKTX	C	0.02%	0.01%	0.01%
	MLM	D	0.06%	0.05%	0.05%
	MMC	C	0.19%	0.17%	0.17%
	MMM	A	0.41%	0.11%	0.11%
	MNST	D	0.06%	0.06%	0.06%
	MO	D	0.52%	0.13%	0.13%
	MOH	D	0.03%	0.03%	0.03%
	MOS	F	0.04%	0.01%	0.01%
	MPC	F	0.64%	0.09%	0.09%
	MPWR	C	0.08%	0.06%	0.06%
	MRK	D	0.87%	0.46%	0.46%
	MRO	C	0.1%	0.03%	0.03%
	MSCI	C	0.07%	0.07%	0.07%
	MSI	B	0.15%	0.11%	0.11%
	MTB	A	0.03%	0.04%	0.03%
	MTD	D	0.08%	0.05%	0.05%
	MU	F	0.15%	0.15%	0.15%
	NBIX	F	0.04%	0.02%	0.02%
	NDAQ	A	0.02%	0.05%	0.02%
	NDSN	C	0.04%	0.02%	0.02%
	NEM	B	0.09%	0.09%	0.09%
	NFLX	B	0.44%	0.47%	0.44%
	NKE	D	0.04%	0.15%	0.04%
	NOC	A	0.23%	0.11%	0.11%
	NOW	A	0.37%	0.28%	0.28%
	NRG	A	0.07%	0.03%	0.03%
	NTAP	D	0.08%	0.04%	0.04%
	NTRS	B	0.02%	0.03%	0.02%
	NUE	F	0.08%	0.05%	0.05%
	NVDA	D	1.6%	4.39%	1.6%
	NVR	B	0.07%	0.05%	0.05%
	NWSA	D	0.06%	0.02%	0.02%
	OC	C	0.07%	0.02%	0.02%
	ODFL	D	0.02%	0.06%	0.02%
	OKE	B	0.08%	0.08%	0.08%
	OKTA	F	0.03%	0.02%	0.02%
	OMC	B	0.06%	0.03%	0.03%
	ORCL	B	1.13%	0.43%	0.43%
	ORLY	D	0.18%	0.1%	0.1%
	OTIS	C	0.07%	0.06%	0.06%
	PANW	C	0.25%	0.17%	0.17%
	PARA	F	0.02%	0.01%	0.01%
	PAYX	C	0.03%	0.07%	0.03%
	PCAR	D	0.08%	0.08%	0.08%
	PEG	B	0.05%	0.07%	0.05%
	PEP	D	0.62%	0.37%	0.37%
	PFE	D	0.53%	0.26%	0.26%
	PFG	B	0.01%	0.03%	0.01%
	PG	C	0.88%	0.64%	0.64%
	PGR	A	0.5%	0.23%	0.23%
	PH	A	0.13%	0.12%	0.12%
	PHM	B	0.17%	0.05%	0.05%
	PINS	F	0.04%	0.03%	0.03%
	PKG	B	0.05%	0.03%	0.03%
	PM	C	0.56%	0.29%	0.29%
	PNC	A	0.1%	0.11%	0.1%
	PNR	B	0.08%	0.02%	0.02%
	POOL	D	0.07%	0.02%	0.02%
	PPG	D	0.04%	0.05%	0.04%
	PRU	C	0.25%	0.07%	0.07%
	PSA	B	0.03%	0.09%	0.03%
	PSTG	F	0.03%	0.02%	0.02%
	PSX	D	0.54%	0.09%	0.09%
	PTC	D	0.05%	0.03%	0.03%
	PWR	B	0.13%	0.06%	0.06%
	QCOM	F	0.62%	0.29%	0.29%
	QRVO	F	0.01%	0.01%	0.01%
	RCL	A	0.08%	0.06%	0.06%
	REGN	C	0.45%	0.19%	0.19%
	RJF	C	0.01%	0.04%	0.01%
	RMD	C	0.13%	0.06%	0.06%
	ROL	C	0.05%	0.02%	0.02%
	ROP	B	0.06%	0.09%	0.06%
	ROST	C	0.07%	0.08%	0.07%
	RPM	B	0.11%	0.03%	0.03%
	RPRX	D	0.03%	0.02%	0.02%
	RS	D	0.08%	0.02%	0.02%
	RSG	D	0.13%	0.07%	0.07%
	SBAC	C	0.03%	0.04%	0.03%
	SBUX	C	0.06%	0.17%	0.06%
	SCHW	D	0.16%	0.15%	0.15%
	SEIC	C	0.07%	0.01%	0.01%
	SHW	B	0.21%	0.14%	0.14%
	SJM	C	0.03%	0.02%	0.02%
	SLB	F	0.09%	0.09%	0.09%
	SMCI	F	0.14%	0.03%	0.03%
	SNAP	F	0.02%	0.02%	0.02%
	SPG	A	0.15%	0.08%	0.08%
	SPGI	A	0.06%	0.26%	0.06%
	STE	C	0.12%	0.04%	0.04%
	STLD	D	0.04%	0.03%	0.03%
	STZ	D	0.04%	0.06%	0.04%
	SUI	C	0.05%	0.03%	0.03%
	SYF	C	0.29%	0.03%	0.03%
	SYY	D	0.07%	0.06%	0.06%
	T	C	1.23%	0.24%	0.24%
	TAP	D	0.08%	0.02%	0.02%
	TDG	B	0.15%	0.12%	0.12%
	TER	D	0.03%	0.03%	0.03%
	TFC	D	0.09%	0.09%	0.09%
	TFX	C	0.03%	0.02%	0.02%
	TGT	C	0.68%	0.11%	0.11%
	TJX	C	0.34%	0.21%	0.21%
	TMUS	C	0.31%	0.17%	0.17%
	TRGP	B	0.13%	0.05%	0.05%
	TROW	D	0.08%	0.04%	0.04%
	TRV	C	0.32%	0.09%	0.09%
	TSCO	C	0.07%	0.05%	0.05%
	TSN	D	0.22%	0.03%	0.03%
	TTC	D	0.07%	0.01%	0.01%
	TTWO	D	0.07%	0.04%	0.04%
	TW	B	0.05%	0.02%	0.02%
	TXN	C	0.21%	0.28%	0.21%
	TXT	D	0.03%	0.03%	0.03%
	TYL	C	0.08%	0.04%	0.04%
	UBER	C	0.21%	0.21%	0.21%
	UDR	C	0.03%	0.02%	0.02%
	UHAL	B	0.03%	0.01%	0.01%
	UHAL	B	0.01%	0.01%	0.01%
	UHS	B	0.09%	0.02%	0.02%
	ULTA	D	0.04%	0.03%	0.03%
	UNP	C	0.48%	0.24%	0.24%
	UPS	F	0.19%	0.15%	0.15%
	URI	B	0.09%	0.08%	0.08%
	USB	B	0.11%	0.11%	0.11%
	UTHR	B	0.16%	0.02%	0.02%
	V	C	0.86%	0.71%	0.71%
	VLO	F	0.54%	0.07%	0.07%
	VMC	D	0.06%	0.05%	0.05%
	VRSK	D	0.2%	0.06%	0.06%
	VRSN	D	0.04%	0.03%	0.03%
	VRTX	D	0.21%	0.19%	0.19%
	VST	A	0.26%	0.05%	0.05%
	VTRS	D	0.13%	0.02%	0.02%
	VZ	B	1.01%	0.28%	0.28%
	WAB	A	0.04%	0.05%	0.04%
	WAT	C	0.05%	0.03%	0.03%
	WBA	F	0.14%	0.01%	0.01%
	WDC	D	0.15%	0.03%	0.03%
	WELL	C	0.12%	0.12%	0.12%
	WFC	D	1.4%	0.29%	0.29%
	WM	D	0.23%	0.12%	0.12%
	WMB	B	0.08%	0.08%	0.08%
	WMT	C	1.87%	0.54%	0.54%
	WPC	C	0.05%	0.02%	0.02%
	WRB	C	0.02%	0.03%	0.02%
	WSM	D	0.21%	0.03%	0.03%
	WSO	C	0.2%	0.03%	0.03%
	WST	D	0.04%	0.03%	0.03%
	WTW	C	0.05%	0.05%	0.05%
	XOM	D	0.99%	0.79%	0.79%
	XYL	C	0.11%	0.05%	0.05%
	YUM	F	0.1%	0.06%	0.06%
	ZTS	C	0.04%	0.14%	0.04%

MFUS Overweight 383 Positions Relative to TOK

	Symbol	Grade	Weight
	THC	B	0.27%
	ANF	D	0.26%
	SFM	B	0.19%
	MUSA	D	0.17%
	CASY	D	0.15%
	EVR	A	0.12%
	GPK	B	0.1%
	TOL	B	0.1%
	FTI	D	0.1%
	UNM	B	0.1%
	CRS	A	0.1%
	GPI	B	0.09%
	USFD	B	0.09%
	AEO	D	0.09%
	JXN	B	0.09%
	HRB	C	0.09%
	CACI	B	0.09%
	WCC	D	0.08%
	OGN	D	0.08%
	LECO	F	0.08%
	WU	F	0.08%
	HLI	A	0.08%
	MTH	B	0.08%
	ALSN	B	0.08%
	ITT	B	0.08%
	EHC	B	0.08%
	LUMN	C	0.08%
	BWXT	C	0.08%
	TMHC	B	0.08%
	AN	D	0.08%
	CW	A	0.08%
	LSTR	F	0.08%
	ABG	D	0.07%
	ARW	C	0.07%
	CMC	D	0.07%
	CALM	A	0.07%
	SLG	B	0.07%
	OSK	D	0.07%
	FCN	C	0.07%
	GAP	F	0.07%
	ATR	B	0.07%
	AYI	A	0.07%
	MMS	C	0.06%
	TPX	C	0.06%
	PK	D	0.06%
	BERY	C	0.06%
	KD	D	0.06%
	R	B	0.06%
	VNO	B	0.06%
	MSM	D	0.06%
	HCC	F	0.06%
	KSS	F	0.06%
	CHE	C	0.06%
	BCC	B	0.06%
	BC	C	0.06%
	TEX	F	0.06%
	NSIT	C	0.06%
	X	D	0.06%
	SLM	C	0.06%
	INGR	B	0.06%
	SCI	C	0.06%
	SEE	D	0.06%
	GNTX	D	0.06%
	PBF	F	0.06%
	CRI	D	0.06%
	MLI	A	0.06%
	THO	D	0.06%
	CNX	A	0.06%
	LPX	B	0.06%
	UFPI	C	0.06%
	AMG	C	0.05%
	ATGE	C	0.05%
	CBT	B	0.05%
	CRUS	D	0.05%
	BWA	D	0.05%
	SKYW	C	0.05%
	ATI	C	0.05%
	WEN	D	0.05%
	TKR	D	0.05%
	MUR	F	0.05%
	RGA	B	0.05%
	LNC	D	0.05%
	LAMR	A	0.05%
	LOPE	D	0.05%
	MTN	D	0.05%
	VIRT	C	0.05%
	TXRH	C	0.05%
	NYT	C	0.05%
	NXST	D	0.05%
	IBKR	A	0.05%
	SANM	D	0.05%
	FL	D	0.05%
	POST	C	0.05%
	FIX	A	0.05%
	URBN	F	0.05%
	G	C	0.05%
	FLEX	C	0.05%
	JLL	B	0.05%
	EXP	B	0.05%
	MHO	B	0.05%
	KTB	A	0.05%
	IVZ	B	0.05%
	TPH	C	0.05%
	CMA	A	0.04%
	APLE	C	0.04%
	GEO	F	0.04%
	SAIA	D	0.04%
	OLN	D	0.04%
	HUBG	C	0.04%
	WTM	D	0.04%
	RL	B	0.04%
	FHI	B	0.04%
	TGNA	C	0.04%
	CRBG	D	0.04%
	COLD	D	0.04%
	GATX	D	0.04%
	VC	F	0.04%
	CNO	A	0.04%
	SON	D	0.04%
	AR	D	0.04%
	XRAY	D	0.04%
	PR	D	0.04%
	RGLD	B	0.04%
	GVA	B	0.04%
	RRC	D	0.04%
	PVH	F	0.04%
	GNW	B	0.04%
	MAN	C	0.04%
	SEB	C	0.04%
	ABM	D	0.04%
	AGNC	B	0.04%
	FLO	C	0.04%
	MOG.A	B	0.04%
	DCI	D	0.04%
	MTG	B	0.04%
	BTU	D	0.04%
	HXL	F	0.04%
	THG	C	0.04%
	SRCL	B	0.04%
	KBH	B	0.04%
	WHR	C	0.04%
	BDC	A	0.04%
	LANC	D	0.04%
	GNRC	D	0.04%
	SIG	C	0.04%
	SMG	C	0.04%
	NOV	D	0.04%
	AVT	C	0.04%
	M	F	0.04%
	COOP	C	0.04%
	NFG	B	0.04%
	PAG	D	0.04%
	CLH	A	0.04%
	CUBE	B	0.04%
	SLGN	B	0.04%
	MAC	A	0.04%
	NEU	D	0.03%
	SSD	C	0.03%
	ZION	D	0.03%
	COKE	C	0.03%
	VVV	D	0.03%
	FR	C	0.03%
	PRG	A	0.03%
	NAVI	C	0.03%
	MC	B	0.03%
	RLI	B	0.03%
	DK	F	0.03%
	BKU	C	0.03%
	BRKR	D	0.03%
	AWI	B	0.03%
	PRIM	B	0.03%
	YELP	F	0.03%
	GBX	C	0.03%
	SM	D	0.03%
	MDU	B	0.03%
	WH	B	0.03%
	HP	F	0.03%
	SHOO	B	0.03%
	DBRG	D	0.03%
	BFAM	B	0.03%
	RUSHA	C	0.03%
	AMKR	F	0.03%
	MORN	B	0.03%
	BJ	D	0.03%
	WTS	C	0.03%
	SBH	B	0.03%
	DLB	D	0.03%
	HBI	B	0.03%
	LEA	F	0.03%
	TRN	C	0.03%
	AVA	C	0.03%
	PDCO	F	0.03%
	GT	F	0.03%
	BLD	D	0.03%
	SEM	D	0.03%
	SLVM	A	0.03%
	TDS	C	0.03%
	ACA	B	0.03%
	JEF	B	0.03%
	FND	C	0.03%
	DOX	C	0.03%
	BHF	D	0.03%
	MSA	D	0.03%
	XPO	D	0.03%
	CVLT	B	0.03%
	VSH	F	0.03%
	JHG	B	0.03%
	ASO	C	0.03%
	OMF	D	0.03%
	APG	D	0.03%
	GMS	D	0.03%
	AROC	D	0.03%
	CPNG	A	0.03%
	DDS	D	0.03%
	JWN	B	0.03%
	OI	D	0.03%
	LEG	D	0.02%
	TTEK	C	0.02%
	VFC	C	0.02%
	APOG	C	0.02%
	NWL	D	0.02%
	HNI	C	0.02%
	LXP	C	0.02%
	SNDR	B	0.02%
	ODP	F	0.02%
	ANDE	D	0.02%
	RHI	D	0.02%
	DORM	B	0.02%
	CHDN	D	0.02%
	EWBC	C	0.02%
	OSIS	D	0.02%
	GES	F	0.02%
	XRX	F	0.02%
	CC	F	0.02%
	IGT	D	0.02%
	SAM	F	0.02%
	MCY	D	0.02%
	GWRE	A	0.02%
	LBRDK	F	0.02%
	XHR	B	0.02%
	AIT	B	0.02%
	AGCO	D	0.02%
	NTCT	C	0.02%
	AA	D	0.02%
	PMT	C	0.02%
	DXC	C	0.02%
	SXT	C	0.02%
	GHC	B	0.02%
	EPC	F	0.02%
	REZI	D	0.02%
	KBR	D	0.02%
	NSP	D	0.02%
	VSTO	C	0.02%
	PSN	A	0.02%
	WMS	D	0.02%
	FLS	D	0.02%
	RLJ	D	0.02%
	PFSI	C	0.02%
	GEF	D	0.02%
	HAE	D	0.02%
	GMED	D	0.02%
	SKX	D	0.02%
	AIR	C	0.02%
	KMPR	D	0.02%
	LNW	B	0.02%
	ORA	B	0.02%
	COHR	B	0.02%
	CXW	F	0.02%
	PLXS	B	0.02%
	APAM	C	0.02%
	AXTA	B	0.02%
	TDC	F	0.02%
	PNM	B	0.02%
	FAF	C	0.02%
	WERN	D	0.02%
	EXEL	C	0.02%
	DRH	C	0.02%
	PINC	D	0.02%
	LZB	B	0.02%
	MASI	D	0.02%
	VNT	F	0.02%
	SHO	C	0.02%
	STC	B	0.02%
	HOG	C	0.02%
	BKE	B	0.02%
	ADNT	F	0.02%
	UNF	C	0.02%
	RYN	C	0.02%
	NVT	D	0.02%
	THS	C	0.02%
	MATX	C	0.02%
	AAP	F	0.01%
	SCHL	D	0.01%
	SCL	D	0.01%
	ARCH	F	0.01%
	JAZZ	D	0.01%
	LYFT	D	0.01%
	CACC	F	0.01%
	KALU	F	0.01%
	UAL	C	0.01%
	SCCO	D	0.01%
	SWN	D	0.01%
	ECPG	D	0.01%
	MKSI	F	0.01%
	WGO	D	0.01%
	TPR	C	0.01%
	UVV	D	0.01%
	ESI	D	0.01%
	HELE	D	0.01%
	HPP	D	0.01%
	HUN	D	0.01%
	MTDR	F	0.01%
	MLKN	F	0.01%
	SWX	C	0.01%
	ELAN	D	0.01%
	WOR	F	0.01%
	BECN	D	0.01%
	JELD	D	0.01%
	CNM	F	0.01%
	SYNA	F	0.01%
	ESAB	C	0.01%
	SIGI	D	0.01%
	ARCB	F	0.01%
	CENTA	D	0.01%
	JBGS	C	0.01%
	FLR	D	0.01%
	AMED	C	0.01%
	FHN	D	0.01%
	FELE	C	0.01%
	DTM	A	0.01%
	WAFD	C	0.01%
	SPB	B	0.01%
	WMK	C	0.01%
	BRC	B	0.01%
	DY	B	0.01%
	CADE	C	0.01%
	WTFC	C	0.01%
	KN	D	0.01%
	PECO	B	0.01%
	CR	C	0.01%
	ONB	C	0.01%
	CBSH	D	0.01%
	CBRL	D	0.01%
	CSGS	C	0.01%
	SAIC	C	0.01%
	STRA	F	0.01%
	SF	A	0.01%
	TTMI	D	0.01%
	CPRI	D	0.01%
	CVI	F	0.01%
	DEI	B	0.01%
	AMWD	D	0.01%
	WBS	D	0.01%
	TREX	D	0.01%
	WWD	C	0.01%
	LAUR	C	0.01%
	OMI	D	0.01%
	SAH	D	0.01%
	NNI	B	0.01%
	RBC	C	0.01%
	LAD	C	0.01%
	IOSP	D	0.01%
	MHK	C	0.01%
	LADR	C	0.01%
	GOLF	F	0.01%
	KEX	C	0.01%
	PSMT	B	0.01%
	TNET	F	0.01%
	CWEN	B	0.01%
	SNV	C	0.01%
	BHE	C	0.01%
	DAN	F	0.01%
	OLLI	C	0.01%
	PTEN	F	0.01%
	ESNT	B	0.01%
	FYBR	C	0.01%
	PHIN	C	0.01%
	SCS	D	0.01%
	DNOW	D	0.01%
	WAL	B	0.01%
	SATS	C	0.01%
	NOMD	B	0.0%
	WOLF	F	0.0%

MFUS Underweight 194 Positions Relative to TOK

	Symbol	Grade	Weight
	MSFT	C	-4.74%
	GOOG	D	-1.25%
	TSLA	C	-1.01%
	UNH	C	-0.82%
	AMD	D	-0.38%
	TMO	C	-0.36%
	LIN	B	-0.35%
	ABT	C	-0.32%
	ISRG	C	-0.27%
	NEE	C	-0.27%
	DIS	D	-0.26%
	RTX	C	-0.24%
	BLK	B	-0.21%
	HON	D	-0.2%
	PLD	C	-0.19%
	MS	C	-0.19%
	SYK	C	-0.19%
	MDT	C	-0.18%
	ADI	C	-0.17%
	AMT	C	-0.17%
	FI	A	-0.16%
	DE	B	-0.16%
	MELI	B	-0.15%
	SO	A	-0.15%
	BA	F	-0.14%
	TT	A	-0.13%
	SNPS	D	-0.12%
	CDNS	D	-0.12%
	FDX	F	-0.11%
	PYPL	B	-0.11%
	PLTR	B	-0.11%
	CRH	A	-0.1%
	MRVL	C	-0.1%
	GEV	B	-0.1%
	APD	B	-0.1%
	DHI	C	-0.09%
	NXPI	D	-0.09%
	CRWD	D	-0.09%
	JCI	B	-0.08%
	D	B	-0.08%
	WDAY	D	-0.08%
	CCI	C	-0.08%
	SRE	B	-0.08%
	ABNB	D	-0.08%
	AEP	C	-0.08%
	O	C	-0.08%
	NSC	C	-0.08%
	IQV	C	-0.07%
	COR	D	-0.07%
	ACGL	B	-0.07%
	KVUE	C	-0.07%
	TEL	D	-0.07%
	WCN	D	-0.07%
	TTD	B	-0.07%
	ALNY	C	-0.06%
	SQ	D	-0.06%
	HES	D	-0.06%
	CTSH	C	-0.06%
	HUM	F	-0.06%
	AME	C	-0.06%
	FLUT	B	-0.06%
	EW	F	-0.06%
	PCG	B	-0.06%
	LNG	C	-0.06%
	FERG	D	-0.06%
	CNC	C	-0.06%
	MCHP	F	-0.06%
	WEC	B	-0.05%
	CSGP	D	-0.05%
	DDOG	D	-0.05%
	ON	F	-0.05%
	LULU	D	-0.05%
	ROK	F	-0.05%
	VRT	C	-0.05%
	VEEV	C	-0.05%
	EIX	B	-0.05%
	SNOW	F	-0.05%
	AVB	C	-0.05%
	OXY	F	-0.05%
	VICI	C	-0.05%
	CBRE	A	-0.05%
	ED	C	-0.05%
	XEL	B	-0.05%
	MRNA	F	-0.04%
	AEE	A	-0.04%
	PPL	B	-0.04%
	HUBS	D	-0.04%
	ES	C	-0.04%
	SW	C	-0.04%
	WY	C	-0.04%
	NET	D	-0.04%
	TEAM	D	-0.04%
	FE	C	-0.04%
	DTE	B	-0.04%
	STT	B	-0.04%
	FTV	C	-0.04%
	FSLR	C	-0.04%
	VTR	C	-0.04%
	DVN	F	-0.04%
	GRMN	D	-0.04%
	KEYS	C	-0.04%
	DXCM	F	-0.04%
	EQR	C	-0.04%
	VLTO	B	-0.04%
	GPN	D	-0.04%
	ETR	A	-0.04%
	AXON	A	-0.04%
	AWK	C	-0.04%
	AMCR	C	-0.03%
	KIM	C	-0.03%
	SWKS	F	-0.03%
	SSNC	B	-0.03%
	ZBRA	B	-0.03%
	CNP	D	-0.03%
	LYV	B	-0.03%
	J	C	-0.03%
	TPL	A	-0.03%
	ZM	C	-0.03%
	EXPE	C	-0.03%
	MAA	C	-0.03%
	EG	C	-0.03%
	APTV	D	-0.03%
	EQT	D	-0.03%
	TDY	B	-0.03%
	MSTR	D	-0.03%
	ESS	C	-0.03%
	WBD	D	-0.03%
	ARE	C	-0.03%
	ILMN	C	-0.03%
	MDB	D	-0.03%
	EL	F	-0.03%
	TRU	B	-0.03%
	LH	C	-0.03%
	ATO	B	-0.03%
	STX	C	-0.03%
	ZBH	F	-0.03%
	RF	B	-0.03%
	RBLX	B	-0.03%
	CBOE	C	-0.03%
	CMS	B	-0.03%
	COO	B	-0.03%
	NLY	B	-0.02%
	ALB	F	-0.02%
	OVV	F	-0.02%
	SOLV	C	-0.02%
	CNH	D	-0.02%
	APA	F	-0.02%
	TWLO	C	-0.02%
	RIVN	F	-0.02%
	FBIN	B	-0.02%
	WTRG	D	-0.02%
	MTCH	C	-0.02%
	LKQ	F	-0.02%
	CRL	F	-0.02%
	IOT	A	-0.02%
	EPAM	F	-0.02%
	TECH	D	-0.02%
	KMX	D	-0.02%
	EXAS	C	-0.02%
	DOCU	C	-0.02%
	ALLE	B	-0.02%
	DT	C	-0.02%
	BG	D	-0.02%
	REG	C	-0.02%
	TRMB	C	-0.02%
	DOC	C	-0.02%
	ZS	F	-0.02%
	ENPH	D	-0.02%
	FWONK	C	-0.02%
	NI	B	-0.02%
	DKNG	C	-0.02%
	SWK	B	-0.02%
	SNA	C	-0.02%
	CF	C	-0.02%
	GEN	C	-0.02%
	PODD	B	-0.02%
	RVTY	C	-0.02%
	LNT	B	-0.02%
	LUV	C	-0.01%
	CELH	F	-0.01%
	WLK	D	-0.01%
	FOX	B	-0.01%
	AZPN	B	-0.01%
	DAL	C	-0.01%
	WYNN	D	-0.01%
	BIO	C	-0.01%
	DAY	D	-0.01%
	BSY	D	-0.01%
	ROKU	C	-0.01%
	MGM	D	-0.01%
	Z	B	-0.01%
	CHK	D	-0.01%
	TOST	A	-0.01%
	PAYC	D	-0.01%

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

TOK: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Software - Infrastructure Capital Markets Specialty Retail Aerospace & Defense Banks - Regional - US Biotechnology REIT - Residential Specialty Chemicals Drug Manufacturers - Major Insurance - Property & Casualty Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Chemical Telecommunications Aerospace Real Estate Investment Trust Medicine Bank Semiconductor Cloud Computing Banking Mining IBD 50 Insurance Products