MFUS vs. UMDD ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to UltraPro MidCap400 (UMDD)

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

UMDD

UltraPro MidCap400

UMDD Description

The investment seeks daily investment results that correspond to three times (3x) the daily performance of the S&P MidCap400Â®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors criteria such as liquidity, price, market capitalization and financial viability. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.73

Average Daily Volume

16,884

Number of Holdings ^*

394

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	UMDD
30 Days	2.73%	18.80%
60 Days	3.41%	18.05%
90 Days	5.38%	19.08%
12 Months	32.49%	88.33%

226 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in UMDD	Overlap
AA	B	0.02%	0.19%	0.02%
ACM	B	0.03%	0.26%	0.03%
ADC	B	0.01%	0.14%	0.01%
AGCO	D	0.02%	0.1%	0.02%
ALLY	C	0.05%	0.18%	0.05%
AMED	F	0.01%	0.05%	0.01%
AMG	B	0.06%	0.1%	0.06%
AMH	D	0.04%	0.21%	0.04%
AMKR	D	0.03%	0.05%	0.03%
AN	C	0.06%	0.08%	0.06%
ANF	C	0.25%	0.13%	0.13%
AR	B	0.05%	0.16%	0.05%
ARMK	B	0.01%	0.19%	0.01%
ARW	D	0.04%	0.11%	0.04%
ATR	B	0.08%	0.21%	0.08%
AVT	C	0.04%	0.08%	0.04%
AVTR	F	0.03%	0.26%	0.03%
AXTA	A	0.02%	0.16%	0.02%
AYI	B	0.1%	0.18%	0.1%
BC	C	0.06%	0.1%	0.06%
BDC	B	0.04%	0.09%	0.04%
BERY	B	0.06%	0.14%	0.06%
BHF	B	0.04%	0.06%	0.04%
BJ	A	0.03%	0.21%	0.03%
BLD	D	0.03%	0.2%	0.03%
BMRN	D	0.01%	0.23%	0.01%
BRKR	D	0.02%	0.11%	0.02%
BURL	A	0.03%	0.31%	0.03%
BWXT	B	0.11%	0.21%	0.11%
CACI	D	0.09%	0.2%	0.09%
CADE	B	0.01%	0.13%	0.01%
CASY	A	0.16%	0.27%	0.16%
CBSH	A	0.01%	0.15%	0.01%
CBT	C	0.05%	0.11%	0.05%
CC	C	0.02%	0.05%	0.02%
CCK	C	0.06%	0.2%	0.06%
CDP	C	0.03%	0.06%	0.03%
CFR	B	0.01%	0.16%	0.01%
CG	A	0.03%	0.2%	0.03%
CHE	D	0.06%	0.15%	0.06%
CLF	F	0.01%	0.1%	0.01%
CLH	B	0.04%	0.23%	0.04%
CMC	B	0.06%	0.12%	0.06%
CNM	D	0.01%	0.15%	0.01%
CNO	A	0.05%	0.08%	0.05%
CNX	A	0.07%	0.11%	0.07%
COHR	B	0.03%	0.28%	0.03%
COKE	C	0.03%	0.13%	0.03%
CPRI	F	0.01%	0.04%	0.01%
CR	A	0.01%	0.15%	0.01%
CRI	D	0.05%	0.03%	0.03%
CROX	D	0.01%	0.11%	0.01%
CRUS	D	0.04%	0.1%	0.04%
CSL	C	0.02%	0.38%	0.02%
CUBE	D	0.04%	0.2%	0.04%
CVLT	B	0.04%	0.14%	0.04%
CW	B	0.11%	0.25%	0.11%
DCI	B	0.04%	0.17%	0.04%
DINO	D	0.01%	0.13%	0.01%
DKS	C	0.08%	0.21%	0.08%
DLB	B	0.02%	0.08%	0.02%
DTM	B	0.01%	0.18%	0.01%
EHC	B	0.09%	0.19%	0.09%
ELS	C	0.04%	0.24%	0.04%
EME	C	0.04%	0.42%	0.04%
EQH	B	0.08%	0.28%	0.08%
ESAB	B	0.01%	0.13%	0.01%
ESNT	D	0.01%	0.11%	0.01%
EVR	B	0.13%	0.19%	0.13%
EWBC	A	0.02%	0.26%	0.02%
EXEL	B	0.05%	0.18%	0.05%
EXP	A	0.07%	0.19%	0.07%
EXR	D	0.11%	0.0%	0.0%
FAF	A	0.02%	0.12%	0.02%
FCN	D	0.05%	0.13%	0.05%
FHI	A	0.03%	0.06%	0.03%
FHN	A	0.01%	0.2%	0.01%
FIX	A	0.06%	0.28%	0.06%
FLO	D	0.04%	0.08%	0.04%
FLR	B	0.01%	0.16%	0.01%
FNF	B	0.03%	0.29%	0.03%
FR	D	0.01%	0.13%	0.01%
FYBR	D	0.01%	0.14%	0.01%
G	B	0.06%	0.13%	0.06%
GAP	B	0.06%	0.09%	0.06%
GATX	A	0.04%	0.1%	0.04%
GEF	A	0.02%	0.03%	0.02%
GGG	B	0.03%	0.27%	0.03%
GHC	C	0.02%	0.06%	0.02%
GLPI	C	0.07%	0.24%	0.07%
GME	C	0.02%	0.19%	0.02%
GMED	A	0.03%	0.17%	0.03%
GNTX	C	0.05%	0.13%	0.05%
GPK	C	0.08%	0.16%	0.08%
GT	C	0.02%	0.05%	0.02%
H	B	0.01%	0.13%	0.01%
HAE	C	0.03%	0.08%	0.03%
HLI	B	0.08%	0.18%	0.08%
HOG	D	0.02%	0.07%	0.02%
HRB	D	0.08%	0.15%	0.08%
HXL	D	0.03%	0.09%	0.03%
IBKR	A	0.06%	0.35%	0.06%
INGR	B	0.07%	0.18%	0.07%
ITT	A	0.08%	0.23%	0.08%
JEF	A	0.03%	0.22%	0.03%
JHG	A	0.04%	0.11%	0.04%
JLL	D	0.06%	0.23%	0.06%
JWN	C	0.04%	0.04%	0.04%
KBH	D	0.03%	0.1%	0.03%
KBR	F	0.02%	0.15%	0.02%
KD	B	0.05%	0.12%	0.05%
KEX	C	0.02%	0.14%	0.02%
KMPR	B	0.03%	0.08%	0.03%
KNX	B	0.01%	0.16%	0.01%
LAD	A	0.02%	0.18%	0.02%
LAMR	D	0.05%	0.2%	0.05%
LANC	C	0.04%	0.06%	0.04%
LEA	D	0.01%	0.1%	0.01%
LECO	B	0.06%	0.21%	0.06%
LII	A	0.21%	0.36%	0.21%
LNW	D	0.02%	0.15%	0.02%
LOPE	B	0.05%	0.09%	0.05%
LPX	B	0.08%	0.13%	0.08%
LSTR	D	0.09%	0.12%	0.09%
M	D	0.02%	0.08%	0.02%
MAN	D	0.03%	0.05%	0.03%
MANH	D	0.03%	0.31%	0.03%
MASI	A	0.03%	0.13%	0.03%
MKSI	C	0.01%	0.14%	0.01%
MMS	F	0.05%	0.09%	0.05%
MORN	B	0.03%	0.17%	0.03%
MSA	D	0.02%	0.12%	0.02%
MSM	C	0.06%	0.07%	0.06%
MTG	C	0.02%	0.12%	0.02%
MTN	C	0.05%	0.12%	0.05%
MUR	D	0.01%	0.09%	0.01%
MUSA	A	0.16%	0.18%	0.16%
NBIX	C	0.04%	0.23%	0.04%
NEU	C	0.02%	0.08%	0.02%
NFG	A	0.05%	0.1%	0.05%
NNN	D	0.01%	0.14%	0.01%
NOV	C	0.01%	0.12%	0.01%
NSP	D	0.02%	0.05%	0.02%
NXST	C	0.05%	0.09%	0.05%
NYT	C	0.03%	0.16%	0.03%
OC	A	0.02%	0.31%	0.02%
OHI	C	0.02%	0.19%	0.02%
OLN	D	0.04%	0.09%	0.04%
ONB	B	0.01%	0.13%	0.01%
ORA	B	0.02%	0.08%	0.02%
OSK	B	0.04%	0.13%	0.04%
PAG	B	0.02%	0.06%	0.02%
PB	A	0.01%	0.14%	0.01%
PBF	D	0.02%	0.06%	0.02%
PK	B	0.06%	0.06%	0.06%
PNM	F	0.03%	0.08%	0.03%
POST	C	0.05%	0.09%	0.05%
PPC	C	0.01%	0.04%	0.01%
PSN	D	0.02%	0.09%	0.02%
PSTG	D	0.04%	0.28%	0.04%
PVH	C	0.02%	0.11%	0.02%
R	B	0.07%	0.13%	0.07%
RBC	A	0.01%	0.17%	0.01%
RGA	A	0.06%	0.27%	0.06%
RGLD	C	0.04%	0.17%	0.04%
RLI	B	0.03%	0.13%	0.03%
RPM	A	0.13%	0.32%	0.13%
RRC	B	0.03%	0.15%	0.03%
RS	B	0.04%	0.31%	0.04%
RYN	D	0.02%	0.07%	0.02%
SAIC	F	0.01%	0.12%	0.01%
SAM	C	0.02%	0.05%	0.02%
SCI	B	0.07%	0.22%	0.07%
SEIC	B	0.09%	0.15%	0.09%
SF	B	0.02%	0.22%	0.02%
SFM	A	0.25%	0.26%	0.25%
SIGI	C	0.01%	0.11%	0.01%
SKX	D	0.02%	0.15%	0.02%
SLG	B	0.08%	0.0%	0.0%
SLGN	A	0.05%	0.08%	0.05%
SLM	A	0.06%	0.1%	0.06%
SMG	D	0.04%	0.06%	0.04%
SNV	B	0.02%	0.15%	0.02%
SON	D	0.04%	0.09%	0.04%
SR	A	0.01%	0.07%	0.01%
SSB	B	0.01%	0.15%	0.01%
SWX	B	0.01%	0.08%	0.01%
TDC	D	0.01%	0.05%	0.01%
TEX	D	0.05%	0.06%	0.05%
THC	D	0.28%	0.28%	0.28%
THG	A	0.05%	0.11%	0.05%
THO	B	0.07%	0.11%	0.07%
TKR	D	0.04%	0.09%	0.04%
TMHC	B	0.09%	0.13%	0.09%
TOL	B	0.06%	0.29%	0.06%
TPX	B	0.03%	0.17%	0.03%
TTC	D	0.06%	0.16%	0.06%
TTEK	F	0.01%	0.2%	0.01%
TXRH	C	0.06%	0.24%	0.06%
UFPI	B	0.07%	0.15%	0.07%
UGI	A	0.01%	0.09%	0.01%
UNM	A	0.04%	0.22%	0.04%
USFD	A	0.05%	0.29%	0.05%
UTHR	C	0.19%	0.31%	0.19%
VC	D	0.03%	0.05%	0.03%
VNO	B	0.07%	0.13%	0.07%
VNT	B	0.01%	0.11%	0.01%
VSH	D	0.02%	0.03%	0.02%
VVV	F	0.02%	0.1%	0.02%
WAL	B	0.02%	0.18%	0.02%
WBS	A	0.02%	0.19%	0.02%
WCC	B	0.09%	0.17%	0.09%
WEN	D	0.05%	0.06%	0.05%
WH	B	0.04%	0.14%	0.04%
WHR	B	0.03%	0.11%	0.03%
WMS	D	0.02%	0.17%	0.02%
WPC	D	0.03%	0.22%	0.03%
WSM	B	0.18%	0.31%	0.18%
WSO	A	0.17%	0.33%	0.17%
WTFC	A	0.01%	0.16%	0.01%
WU	D	0.06%	0.06%	0.06%
WWD	B	0.01%	0.19%	0.01%
X	C	0.03%	0.15%	0.03%
XPO	B	0.04%	0.32%	0.04%
XRAY	F	0.02%	0.07%	0.02%
ZION	B	0.02%	0.16%	0.02%

MFUS Overweight 589 Positions Relative to UMDD

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	D	2.35%
NVDA	C	1.9%
WMT	A	1.71%
AMZN	C	1.71%
AVGO	D	1.59%
ORCL	B	1.52%
ABBV	D	1.36%
COST	B	1.35%
JNJ	D	1.18%
IBM	C	1.05%
PG	A	1.01%
VZ	C	1.0%
KO	D	1.0%
JPM	A	0.99%
WFC	A	0.97%
AAPL	C	0.96%
AMGN	D	0.94%
GILD	C	0.87%
PM	B	0.87%
MRK	F	0.84%
UNH	C	0.79%
QCOM	F	0.77%
LMT	D	0.75%
PEP	F	0.74%
TGT	F	0.74%
MO	A	0.73%
T	A	0.73%
C	A	0.69%
CSCO	B	0.68%
CVS	D	0.65%
MCK	B	0.63%
HD	A	0.62%
MMM	D	0.6%
PGR	A	0.59%
PFE	D	0.57%
GE	D	0.56%
AMAT	F	0.55%
MCD	D	0.53%
NFLX	A	0.52%
UNP	C	0.51%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
GS	A	0.41%
BMY	B	0.41%
GM	B	0.4%
CVX	A	0.39%
KR	B	0.38%
TJX	A	0.37%
NOW	A	0.36%
EBAY	D	0.36%
REGN	F	0.36%
CL	D	0.35%
LOW	D	0.35%
NOC	D	0.35%
MPC	D	0.34%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
TXN	C	0.29%
COF	B	0.29%
SPGI	C	0.29%
WM	A	0.28%
MA	C	0.28%
HPQ	A	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
LHX	C	0.26%
ALL	A	0.26%
FICO	B	0.25%
ACN	C	0.25%
PANW	C	0.25%
HCA	F	0.25%
DHR	F	0.24%
GD	F	0.24%
UPS	C	0.24%
AON	A	0.24%
KLAC	D	0.23%
AXP	A	0.23%
MDLZ	F	0.23%
PLTR	B	0.23%
PSX	C	0.23%
PRU	A	0.23%
VST	B	0.23%
RTX	C	0.22%
SHW	A	0.22%
NEE	D	0.22%
ADM	D	0.22%
MS	A	0.22%
VRTX	F	0.22%
UBER	D	0.21%
BBY	D	0.21%
AFL	B	0.21%
GWW	B	0.21%
MSI	B	0.2%
MMC	B	0.2%
GLW	B	0.2%
INTC	D	0.2%
TRV	B	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
FI	A	0.19%
BLK	C	0.19%
CTAS	B	0.19%
TSN	B	0.18%
BK	A	0.18%
AMP	A	0.18%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
BR	A	0.17%
LRCX	F	0.17%
GIS	D	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	B	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	B	0.16%
CB	C	0.16%
VLO	C	0.16%
KMB	D	0.16%
SPG	B	0.16%
CMCSA	B	0.16%
VRSK	A	0.16%
TDG	D	0.15%
MCO	B	0.15%
BAH	F	0.15%
KHC	F	0.15%
IT	C	0.15%
K	A	0.15%
LYB	F	0.15%
KKR	A	0.15%
CME	A	0.14%
CHRW	C	0.14%
ANET	C	0.14%
CMI	A	0.14%
VTRS	A	0.14%
PH	A	0.14%
BX	A	0.13%
SO	D	0.13%
DPZ	C	0.13%
FAST	B	0.13%
DUK	C	0.13%
JNPR	F	0.13%
RSG	A	0.13%
AMT	D	0.13%
CI	F	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
PNC	B	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
SYY	B	0.12%
PYPL	B	0.12%
APH	A	0.12%
CLX	B	0.12%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
USB	A	0.11%
CRS	A	0.11%
WTW	B	0.11%
HPE	B	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EFX	F	0.11%
CSX	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
ADP	B	0.11%
FOXA	B	0.11%
BDX	F	0.11%
PHM	D	0.1%
OKE	A	0.1%
COIN	C	0.1%
NTAP	C	0.1%
HLT	A	0.1%
PKG	A	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
AIZ	A	0.09%
TFC	A	0.09%
DGX	A	0.09%
CPRT	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
ARES	A	0.09%
CALM	A	0.09%
IR	B	0.09%
DLR	B	0.09%
TROW	B	0.09%
ADSK	A	0.09%
IP	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
BKR	B	0.08%
AEP	D	0.08%
WDC	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
SRE	A	0.08%
NUE	C	0.08%
ABG	B	0.08%
TYL	C	0.08%
MTD	D	0.08%
BIIB	F	0.07%
ROL	B	0.07%
MSCI	C	0.07%
EXC	C	0.07%
LPLA	A	0.07%
JCI	C	0.07%
CHD	B	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	B	0.07%
POOL	C	0.07%
NSC	B	0.07%
D	C	0.07%
MLM	B	0.07%
SKYW	B	0.07%
GEHC	F	0.07%
GEO	B	0.07%
NRG	B	0.07%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	F	0.07%
OTIS	C	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
VIRT	B	0.06%
TW	A	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
NKE	D	0.06%
HIG	B	0.06%
GNRC	B	0.06%
CPT	B	0.06%
KTB	B	0.06%
MPWR	F	0.06%
UHS	D	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
LUMN	C	0.06%
MAS	D	0.06%
SQ	A	0.06%
L	A	0.06%
DHI	D	0.06%
FFIV	B	0.06%
OMC	C	0.06%
ROP	B	0.06%
ALNY	D	0.06%
LEN	D	0.06%
TDS	B	0.05%
PRIM	A	0.05%
FANG	D	0.05%
FLEX	A	0.05%
ETR	B	0.05%
NSIT	F	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	D	0.05%
TGNA	B	0.05%
A	D	0.05%
WST	C	0.05%
NDAQ	A	0.05%
CBRE	B	0.05%
CARR	D	0.05%
EIX	B	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
IDXX	F	0.05%
GVA	A	0.05%
ANSS	B	0.05%
HBI	B	0.05%
WAB	B	0.05%
HSY	F	0.05%
WAT	B	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
O	D	0.05%
MKC	D	0.05%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
CTVA	C	0.04%
AGNC	D	0.04%
SLVM	B	0.04%
ADBE	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	D	0.04%
CFG	B	0.04%
PAYX	C	0.04%
CAG	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	B	0.04%
SANM	B	0.04%
VTR	C	0.04%
BLDR	D	0.04%
FDS	B	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
OGN	D	0.04%
ATI	D	0.04%
IPG	D	0.04%
STLD	B	0.04%
MAC	B	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
FTI	A	0.04%
VLTO	D	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
CRBG	B	0.04%
FITB	A	0.04%
HOOD	B	0.04%
CMA	A	0.04%
PPG	F	0.04%
AROC	B	0.04%
ABM	B	0.04%
NDSN	B	0.04%
ERIE	D	0.04%
WERN	C	0.04%
DOV	A	0.04%
MAR	B	0.04%
SBAC	D	0.03%
DLTR	F	0.03%
DRH	B	0.03%
ACA	A	0.03%
LZB	B	0.03%
KEY	B	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
DK	C	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
BKE	B	0.03%
MRO	B	0.03%
LNC	B	0.03%
OMF	A	0.03%
RPRX	D	0.03%
NTRS	A	0.03%
TER	D	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
CDW	F	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	B	0.03%
AVB	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
CMS	C	0.03%
LW	C	0.03%
HSIC	B	0.03%
HOLX	D	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
DDS	B	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
HBAN	A	0.03%
IVZ	B	0.03%
HUBB	B	0.03%
CPAY	A	0.03%
MC	B	0.03%
MATX	C	0.03%
ES	D	0.03%
ODP	F	0.02%
IOSP	B	0.02%
LXP	D	0.02%
SAH	A	0.02%
LEG	F	0.02%
TTMI	B	0.02%
SSNC	B	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
KIM	A	0.02%
BHE	B	0.02%
PHIN	A	0.02%
ATO	A	0.02%
BEN	C	0.02%
RF	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
APG	B	0.02%
DOW	F	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
WKC	D	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
PNR	A	0.02%
EPC	D	0.02%
MAA	B	0.02%
LNT	A	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
THS	D	0.02%
RHI	B	0.02%
NWL	B	0.02%
MDU	D	0.02%
SXT	B	0.02%
RLJ	B	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
GWRE	A	0.02%
CTLT	B	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
MKTX	D	0.02%
CINF	A	0.02%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
CE	F	0.02%
SBH	C	0.02%
HII	D	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
CCL	B	0.02%
AKAM	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
TFX	F	0.02%
WRB	A	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
SCL	C	0.01%
MLKN	D	0.01%
IGT	F	0.01%
CACC	D	0.01%
PARA	C	0.01%
RVTY	F	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	C	0.01%
SPR	D	0.01%
ACI	C	0.01%
GIII	D	0.01%
ECPG	B	0.01%
ALEX	C	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
SEB	F	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	C	0.01%
WGO	C	0.01%
CNS	B	0.01%
KALU	C	0.01%
ESI	A	0.01%
CENTA	C	0.01%
CVI	F	0.01%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
OMI	F	0.01%
FDP	B	0.01%
PFG	D	0.01%
WAFD	B	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
AES	F	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
MHK	D	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	D	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
CWEN	C	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
TNET	D	0.01%
HE	C	0.01%
PSMT	C	0.01%
ALGN	F	0.01%
SATS	D	0.01%
UHAL	D	0.01%
BWA	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 168 Positions Relative to UMDD

Symbol	Grade	Weight
TPL	A	-0.46%
ILMN	D	-0.41%
RBA	A	-0.31%
DOCU	A	-0.3%
DT	C	-0.29%
SAIA	B	-0.26%
PFGC	B	-0.24%
RNR	C	-0.24%
OVV	B	-0.22%
DUOL	A	-0.22%
NVT	B	-0.22%
RRX	B	-0.21%
FND	C	-0.2%
AFG	A	-0.19%
CHDN	B	-0.19%
SRPT	D	-0.19%
AIT	A	-0.19%
KNSL	B	-0.19%
WTRG	B	-0.18%
PR	B	-0.18%
WING	D	-0.18%
PRI	A	-0.18%
CIEN	B	-0.18%
FN	D	-0.17%
PEN	B	-0.17%
REXR	F	-0.17%
FBIN	D	-0.17%
CNH	C	-0.17%
BRBR	A	-0.17%
AAL	B	-0.17%
PNFP	B	-0.17%
BRX	A	-0.16%
SNX	C	-0.16%
PCTY	B	-0.16%
ORI	A	-0.16%
AAON	B	-0.16%
VOYA	B	-0.15%
CHRD	D	-0.15%
PLNT	A	-0.15%
ONTO	D	-0.15%
ENSG	D	-0.15%
EGP	F	-0.15%
HQY	B	-0.15%
OGE	B	-0.15%
MEDP	D	-0.15%
MTZ	B	-0.15%
RGEN	D	-0.14%
WEX	D	-0.14%
JAZZ	B	-0.14%
TREX	C	-0.14%
SSD	D	-0.14%
FLS	B	-0.14%
TKO	B	-0.14%
HLNE	B	-0.14%
VMI	B	-0.13%
ELF	C	-0.13%
CGNX	C	-0.13%
LSCC	D	-0.13%
GTLS	B	-0.13%
GXO	B	-0.13%
ALV	C	-0.13%
RYAN	B	-0.13%
MIDD	C	-0.13%
EXLS	B	-0.13%
MTSI	B	-0.13%
OLED	D	-0.13%
GBCI	B	-0.12%
CYTK	F	-0.12%
DAR	C	-0.12%
MAT	D	-0.12%
DOCS	C	-0.12%
COLB	A	-0.12%
DBX	B	-0.12%
STAG	F	-0.12%
BIO	D	-0.12%
HALO	F	-0.12%
MTDR	B	-0.12%
LITE	B	-0.11%
WTS	B	-0.11%
CHX	C	-0.11%
KRG	B	-0.11%
FNB	A	-0.11%
NOVT	D	-0.11%
WFRD	D	-0.11%
ALTR	B	-0.11%
LFUS	F	-0.11%
STWD	C	-0.11%
IDA	A	-0.11%
FFIN	B	-0.1%
APPF	B	-0.1%
KNF	A	-0.1%
UMBF	B	-0.1%
QLYS	C	-0.1%
LNTH	D	-0.1%
OLLI	D	-0.1%
HOMB	A	-0.1%
UBSI	B	-0.1%
RMBS	C	-0.1%
VLY	B	-0.09%
CIVI	D	-0.09%
CUZ	B	-0.09%
AVNT	B	-0.09%
NJR	A	-0.09%
IRT	A	-0.09%
WMG	C	-0.09%
POR	C	-0.09%
RH	B	-0.09%
FIVE	F	-0.09%
ST	F	-0.09%
EXPO	D	-0.09%
BYD	C	-0.09%
OZK	B	-0.09%
ROIV	C	-0.09%
AM	A	-0.09%
HWC	B	-0.09%
BCO	D	-0.08%
KRC	C	-0.08%
OGS	A	-0.08%
CELH	F	-0.08%
WLK	D	-0.08%
SBRA	C	-0.08%
EEFT	B	-0.08%
BKH	A	-0.08%
CHWY	B	-0.08%
ACHC	F	-0.07%
PRGO	B	-0.07%
ALE	A	-0.07%
TNL	A	-0.07%
OPCH	D	-0.07%
ASH	D	-0.07%
IBOC	A	-0.07%
ENS	D	-0.07%
ASB	B	-0.07%
TCBI	B	-0.07%
ASGN	F	-0.07%
ZI	D	-0.06%
ALGM	D	-0.06%
CHH	A	-0.06%
YETI	C	-0.06%
EPR	D	-0.06%
BLKB	B	-0.06%
VAL	D	-0.06%
NWE	A	-0.06%
SLAB	D	-0.06%
NVST	B	-0.06%
IRDM	D	-0.06%
POWI	D	-0.06%
PII	D	-0.06%
ENOV	C	-0.05%
ARWR	F	-0.05%
CXT	B	-0.05%
HGV	B	-0.05%
COTY	F	-0.05%
COLM	B	-0.05%
LIVN	F	-0.05%
NEOG	F	-0.05%
NSA	D	-0.05%
SYNA	C	-0.05%
VAC	B	-0.05%
PCH	D	-0.05%
IPGP	D	-0.04%
AZTA	D	-0.04%
RCM	F	-0.04%
SHC	F	-0.04%
CAR	C	-0.03%
UAA	C	-0.03%
CNXC	F	-0.03%
UA	B	-0.02%