MFUS vs. USXF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares ESG Advanced MSCI USA ETF (USXF)

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

USXF

iShares ESG Advanced MSCI USA ETF

USXF Description

The investment seeks to track the investment results of the MSCI USA Choice ESG Screened Index (the “underlying index”). The underlying index is a free float-adjusted market capitalization-weighted index designed to reflect the equity performance of large- and mid-capitalization U.S. companies with favorable environmental, social and governance (“ESG”) ratings while applying extensive screens, including removing fossil fuel exposure. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$51.89

Average Daily Volume

82,986

Number of Holdings ^*

347

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	USXF
30 Days	2.73%	3.47%
60 Days	3.41%	6.46%
90 Days	5.38%	6.86%
12 Months	32.49%	38.85%

241 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in USXF	Overlap
A	D	0.05%	0.18%	0.05%
ACM	A	0.03%	0.07%	0.03%
ADBE	C	0.04%	1.06%	0.04%
ADP	B	0.11%	0.58%	0.11%
ADSK	A	0.09%	0.32%	0.09%
AFL	B	0.21%	0.29%	0.21%
AIG	B	0.34%	0.24%	0.24%
AIZ	A	0.09%	0.05%	0.05%
AJG	B	0.16%	0.31%	0.16%
AKAM	D	0.02%	0.06%	0.02%
ALGN	D	0.01%	0.08%	0.01%
ALLY	C	0.05%	0.05%	0.05%
ALNY	D	0.06%	0.14%	0.06%
AMAT	F	0.55%	0.67%	0.55%
AMGN	D	0.94%	0.72%	0.72%
AMH	D	0.04%	0.06%	0.04%
AMP	A	0.18%	0.27%	0.18%
AMT	D	0.13%	0.45%	0.13%
ANET	C	0.14%	0.48%	0.14%
ANSS	B	0.05%	0.14%	0.05%
AON	A	0.24%	0.36%	0.24%
AOS	F	0.08%	0.04%	0.04%
APH	A	0.12%	0.41%	0.12%
AVB	B	0.03%	0.16%	0.03%
AVGO	D	1.59%	3.51%	1.59%
AVTR	F	0.03%	0.06%	0.03%
AVY	D	0.09%	0.08%	0.08%
AXP	A	0.23%	0.79%	0.23%
AZO	C	0.28%	0.26%	0.26%
BAH	F	0.15%	0.09%	0.09%
BALL	D	0.07%	0.09%	0.07%
BBWI	D	0.01%	0.03%	0.01%
BBY	D	0.21%	0.09%	0.09%
BEN	C	0.02%	0.03%	0.02%
BIIB	F	0.07%	0.11%	0.07%
BK	A	0.18%	0.28%	0.18%
BKNG	A	0.42%	0.81%	0.42%
BLDR	D	0.04%	0.1%	0.04%
BLK	C	0.19%	0.73%	0.19%
BMRN	D	0.01%	0.06%	0.01%
BR	A	0.17%	0.13%	0.13%
BRO	B	0.12%	0.13%	0.12%
BXP	D	0.02%	0.06%	0.02%
CAG	D	0.04%	0.06%	0.04%
CB	C	0.16%	0.53%	0.16%
CBRE	B	0.05%	0.2%	0.05%
CCI	D	0.07%	0.22%	0.07%
CCK	C	0.06%	0.05%	0.05%
CDW	F	0.03%	0.11%	0.03%
CG	A	0.03%	0.06%	0.03%
CHD	B	0.07%	0.13%	0.07%
CHRW	C	0.14%	0.06%	0.06%
CHTR	C	0.3%	0.17%	0.17%
CLX	B	0.12%	0.1%	0.1%
CMCSA	B	0.16%	0.8%	0.16%
CME	A	0.14%	0.4%	0.14%
CMI	A	0.14%	0.24%	0.14%
COF	B	0.29%	0.33%	0.29%
CPB	D	0.04%	0.04%	0.04%
CPRT	A	0.09%	0.23%	0.09%
CSL	C	0.02%	0.1%	0.02%
CTAS	B	0.19%	0.38%	0.19%
CTLT	B	0.02%	0.05%	0.02%
DASH	A	0.11%	0.26%	0.11%
DECK	A	0.17%	0.13%	0.13%
DFS	B	0.1%	0.21%	0.1%
DG	F	0.09%	0.08%	0.08%
DGX	A	0.09%	0.09%	0.09%
DHI	D	0.06%	0.23%	0.06%
DHR	F	0.24%	0.74%	0.24%
DLR	B	0.09%	0.29%	0.09%
DOV	A	0.04%	0.13%	0.04%
DPZ	C	0.13%	0.07%	0.07%
DRI	B	0.03%	0.09%	0.03%
DVA	B	0.16%	0.04%	0.04%
EA	A	0.18%	0.2%	0.18%
EBAY	D	0.36%	0.15%	0.15%
ELV	F	0.16%	0.44%	0.16%
EME	C	0.04%	0.12%	0.04%
EQR	B	0.04%	0.12%	0.04%
EXPD	D	0.11%	0.08%	0.08%
FAST	B	0.13%	0.22%	0.13%
FDS	B	0.04%	0.09%	0.04%
FFIV	B	0.06%	0.07%	0.06%
FI	A	0.19%	0.6%	0.19%
FICO	B	0.25%	0.27%	0.25%
FIS	C	0.07%	0.23%	0.07%
FTNT	C	0.07%	0.28%	0.07%
GDDY	A	0.12%	0.13%	0.12%
GEHC	F	0.07%	0.17%	0.07%
GEN	B	0.11%	0.08%	0.08%
GIS	D	0.17%	0.17%	0.17%
GLW	B	0.2%	0.19%	0.19%
GWW	B	0.21%	0.25%	0.21%
H	B	0.01%	0.03%	0.01%
HBAN	A	0.03%	0.12%	0.03%
HCA	F	0.25%	0.32%	0.25%
HD	A	0.62%	1.94%	0.62%
HIG	B	0.06%	0.17%	0.06%
HLT	A	0.1%	0.3%	0.1%
HOLX	D	0.03%	0.09%	0.03%
HPE	B	0.11%	0.13%	0.11%
HRL	D	0.02%	0.04%	0.02%
HSIC	B	0.03%	0.05%	0.03%
HST	C	0.02%	0.06%	0.02%
HUBB	B	0.03%	0.12%	0.03%
HWM	A	0.17%	0.22%	0.17%
ICE	C	0.29%	0.43%	0.29%
IDXX	F	0.05%	0.16%	0.05%
IEX	B	0.09%	0.08%	0.08%
IFF	D	0.03%	0.11%	0.03%
INCY	C	0.01%	0.06%	0.01%
INTC	D	0.2%	0.49%	0.2%
INVH	D	0.04%	0.1%	0.04%
IP	B	0.09%	0.09%	0.09%
IPG	D	0.04%	0.05%	0.04%
IR	B	0.09%	0.2%	0.09%
IRM	D	0.12%	0.16%	0.12%
IT	C	0.15%	0.19%	0.15%
ITW	B	0.1%	0.38%	0.1%
JBHT	C	0.02%	0.07%	0.02%
JBL	B	0.03%	0.07%	0.03%
JKHY	D	0.1%	0.06%	0.06%
JNPR	F	0.13%	0.05%	0.05%
K	A	0.15%	0.11%	0.11%
KDP	D	0.07%	0.17%	0.07%
KEY	B	0.03%	0.09%	0.03%
KIM	A	0.02%	0.08%	0.02%
KLAC	D	0.23%	0.4%	0.23%
KNX	B	0.01%	0.04%	0.01%
LII	A	0.21%	0.1%	0.1%
LOW	D	0.35%	0.71%	0.35%
LPLA	A	0.07%	0.11%	0.07%
LRCX	F	0.17%	0.44%	0.17%
LW	C	0.03%	0.05%	0.03%
MA	C	0.28%	2.07%	0.28%
MANH	D	0.03%	0.08%	0.03%
MAS	D	0.06%	0.08%	0.06%
MCO	B	0.15%	0.37%	0.15%
MKC	D	0.05%	0.09%	0.05%
MKTX	D	0.02%	0.05%	0.02%
MLM	B	0.07%	0.17%	0.07%
MMC	B	0.2%	0.52%	0.2%
MOS	F	0.01%	0.04%	0.01%
MPWR	F	0.06%	0.14%	0.06%
MS	A	0.22%	0.77%	0.22%
MTB	A	0.04%	0.17%	0.04%
MTD	D	0.08%	0.12%	0.08%
MU	D	0.16%	0.52%	0.16%
NBIX	C	0.04%	0.06%	0.04%
NDAQ	A	0.05%	0.17%	0.05%
NDSN	B	0.04%	0.07%	0.04%
NEM	D	0.16%	0.24%	0.16%
NOW	A	0.36%	1.01%	0.36%
NTAP	C	0.1%	0.12%	0.1%
NTRS	A	0.03%	0.11%	0.03%
NVDA	C	1.9%	17.37%	1.9%
NVR	D	0.09%	0.13%	0.09%
OC	A	0.02%	0.08%	0.02%
ODFL	B	0.02%	0.2%	0.02%
OMC	C	0.06%	0.09%	0.06%
ORLY	B	0.2%	0.34%	0.2%
OTIS	C	0.07%	0.2%	0.07%
PANW	C	0.25%	0.6%	0.25%
PAYX	C	0.04%	0.22%	0.04%
PFG	D	0.01%	0.1%	0.01%
PGR	A	0.59%	0.72%	0.59%
PH	A	0.14%	0.43%	0.14%
PHM	D	0.1%	0.13%	0.1%
PKG	A	0.1%	0.1%	0.1%
PNC	B	0.12%	0.39%	0.12%
PNR	A	0.02%	0.08%	0.02%
POOL	C	0.07%	0.07%	0.07%
PPG	F	0.04%	0.14%	0.04%
PRU	A	0.23%	0.22%	0.22%
PSA	D	0.09%	0.25%	0.09%
PSTG	D	0.04%	0.07%	0.04%
PTC	A	0.04%	0.11%	0.04%
PWR	A	0.12%	0.23%	0.12%
PYPL	B	0.12%	0.4%	0.12%
QCOM	F	0.77%	0.88%	0.77%
QRVO	F	0.01%	0.03%	0.01%
RCL	A	0.1%	0.28%	0.1%
REGN	F	0.36%	0.39%	0.36%
RF	A	0.02%	0.12%	0.02%
RMD	C	0.16%	0.17%	0.16%
ROL	B	0.07%	0.07%	0.07%
ROP	B	0.06%	0.28%	0.06%
RPM	A	0.13%	0.08%	0.08%
RPRX	D	0.03%	0.05%	0.03%
RS	B	0.04%	0.08%	0.04%
RSG	A	0.13%	0.22%	0.13%
RVTY	F	0.01%	0.06%	0.01%
SBAC	D	0.03%	0.11%	0.03%
SCHW	B	0.05%	0.58%	0.05%
SHW	A	0.22%	0.43%	0.22%
SJM	D	0.04%	0.06%	0.04%
SPG	B	0.16%	0.28%	0.16%
SPGI	C	0.29%	0.77%	0.29%
STE	F	0.07%	0.1%	0.07%
STLD	B	0.04%	0.1%	0.04%
SYF	B	0.31%	0.12%	0.12%
TER	D	0.03%	0.08%	0.03%
TFC	A	0.09%	0.3%	0.09%
TFX	F	0.02%	0.04%	0.02%
TGT	F	0.74%	0.35%	0.35%
TJX	A	0.37%	0.65%	0.37%
TROW	B	0.09%	0.13%	0.09%
TRV	B	0.2%	0.29%	0.2%
TSCO	D	0.11%	0.14%	0.11%
TTC	D	0.06%	0.04%	0.04%
TXN	C	0.29%	0.88%	0.29%
TYL	B	0.08%	0.12%	0.08%
UHAL	D	0.01%	0.03%	0.01%
UHAL	D	0.01%	0.03%	0.01%
ULTA	F	0.04%	0.08%	0.04%
URI	B	0.09%	0.26%	0.09%
USB	A	0.11%	0.38%	0.11%
UTHR	C	0.19%	0.07%	0.07%
V	A	0.31%	2.36%	0.31%
VLTO	D	0.04%	0.12%	0.04%
VRSK	A	0.16%	0.19%	0.16%
VRSN	F	0.04%	0.08%	0.04%
VRTX	F	0.22%	0.56%	0.22%
VTR	C	0.04%	0.13%	0.04%
VZ	C	1.0%	0.85%	0.85%
WAB	B	0.05%	0.17%	0.05%
WAT	B	0.05%	0.1%	0.05%
WBA	F	0.12%	0.03%	0.03%
WDC	D	0.08%	0.1%	0.08%
WELL	A	0.12%	0.4%	0.12%
WM	A	0.28%	0.42%	0.28%
WPC	D	0.03%	0.06%	0.03%
WSM	B	0.18%	0.08%	0.08%
WSO	A	0.17%	0.09%	0.09%
WST	C	0.05%	0.11%	0.05%
WTW	B	0.11%	0.15%	0.11%
XYL	D	0.1%	0.14%	0.1%
YUM	B	0.13%	0.18%	0.13%
ZBRA	B	0.04%	0.09%	0.04%
ZTS	D	0.05%	0.38%	0.05%

MFUS Overweight 574 Positions Relative to USXF

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	D	2.35%
WMT	A	1.71%
AMZN	C	1.71%
ORCL	B	1.52%
ABBV	D	1.36%
COST	B	1.35%
JNJ	D	1.18%
IBM	C	1.05%
PG	A	1.01%
KO	D	1.0%
JPM	A	0.99%
WFC	A	0.97%
AAPL	C	0.96%
GILD	C	0.87%
PM	B	0.87%
MRK	F	0.84%
UNH	C	0.79%
LMT	D	0.75%
PEP	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%
MMM	D	0.6%
PFE	D	0.57%
GE	D	0.56%
MCD	D	0.53%
NFLX	A	0.52%
UNP	C	0.51%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
GS	A	0.41%
BMY	B	0.41%
GM	B	0.4%
CVX	A	0.39%
KR	B	0.38%
CL	D	0.35%
NOC	D	0.35%
MPC	D	0.34%
MET	A	0.32%
ISRG	A	0.29%
THC	D	0.28%
HPQ	B	0.28%
TMO	F	0.28%
CAH	B	0.27%
LHX	C	0.26%
ALL	A	0.26%
ACN	C	0.25%
SFM	A	0.25%
ANF	C	0.25%
GD	F	0.24%
UPS	C	0.24%
MDLZ	F	0.23%
PLTR	B	0.23%
PSX	C	0.23%
VST	B	0.23%
RTX	C	0.22%
NEE	D	0.22%
ADM	D	0.22%
UBER	D	0.21%
MSI	B	0.2%
BSX	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
TSN	B	0.18%
COR	B	0.17%
F	C	0.16%
MUSA	A	0.16%
VLO	C	0.16%
KMB	D	0.16%
CASY	A	0.16%
TDG	D	0.15%
KHC	F	0.15%
LYB	F	0.15%
KKR	A	0.15%
VTRS	A	0.14%
BX	A	0.13%
SO	D	0.13%
EVR	B	0.13%
DUK	C	0.13%
CI	F	0.13%
SYY	B	0.12%
CW	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
CRS	A	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
APP	B	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
BDX	F	0.11%
OKE	A	0.1%
COIN	C	0.1%
AYI	B	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
SEIC	B	0.09%
TAP	C	0.09%
MLI	C	0.09%
EMR	A	0.09%
ARES	A	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
SBUX	A	0.09%
HRB	D	0.08%
BKR	B	0.08%
AEP	D	0.08%
LPX	B	0.08%
DKS	C	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
NUE	C	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
SCI	B	0.07%
UFPI	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
COP	C	0.07%
BCC	B	0.07%
INGR	B	0.07%
NSC	B	0.07%
D	C	0.07%
SKYW	B	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
NRG	B	0.07%
R	B	0.07%
AEO	F	0.07%
TTWO	A	0.07%
MNST	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
TW	A	0.06%
GAP	C	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
LECO	B	0.06%
JLL	D	0.06%
NKE	D	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
WU	D	0.06%
SQ	B	0.06%
L	A	0.06%
PK	B	0.06%
TXRH	C	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
TOL	B	0.06%
LEN	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FANG	D	0.05%
FLEX	A	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	B	0.05%
NSIT	F	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	D	0.05%
TGNA	B	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CARR	D	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
WEN	D	0.05%
FCN	D	0.05%
MMS	F	0.05%
HSY	F	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
O	D	0.05%
SON	D	0.04%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
CRUS	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	C	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
CFG	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
WTM	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
FITB	A	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
AROC	B	0.04%
ABM	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
MAR	B	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	F	0.03%
ACA	A	0.03%
KMPR	B	0.03%
LZB	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
FNF	B	0.03%
VC	D	0.03%
MAN	D	0.03%
DK	C	0.03%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	A	0.03%
MRO	B	0.03%
LNC	B	0.03%
OMF	A	0.03%
BURL	A	0.03%
X	C	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
WHR	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
AVA	A	0.03%
DBRG	F	0.03%
CMS	C	0.03%
COHR	B	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	B	0.03%
BLD	D	0.03%
DDS	B	0.03%
GGG	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
IVZ	B	0.03%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	A	0.03%
ES	D	0.03%
TPX	B	0.03%
NYT	C	0.03%
BJ	A	0.03%
MORN	B	0.03%
ODP	F	0.02%
IOSP	B	0.02%
LXP	D	0.02%
SAH	A	0.02%
KEX	C	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	D	0.02%
SSNC	B	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
AA	B	0.02%
SF	B	0.02%
BHE	B	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
WBS	A	0.02%
PHIN	A	0.02%
ATO	A	0.02%
WAL	B	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
ZION	B	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
WMS	D	0.02%
LNW	D	0.02%
EPC	D	0.02%
M	D	0.02%
MAA	B	0.02%
LNT	A	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	0.02%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	0.02%
SXT	B	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
GWRE	A	0.02%
SAM	C	0.02%
PSN	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
CINF	A	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
CE	F	0.02%
FAF	A	0.02%
SBH	C	0.02%
PAG	B	0.02%
HII	D	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	B	0.02%
RYN	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
GEF	A	0.02%
MSA	D	0.02%
WRB	A	0.02%
NEU	C	0.02%
GHC	C	0.02%
STC	B	0.02%
SVC	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	D	0.01%
IGT	F	0.01%
CACC	D	0.01%
PARA	C	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	C	0.01%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	A	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%
MKSI	C	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	C	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
SWX	B	0.01%
KALU	C	0.01%
ESI	A	0.01%
CENTA	C	0.01%
CVI	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
SIGI	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	D	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
ESNT	D	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	A	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	C	0.01%
ONB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
TNET	D	0.01%
FYBR	D	0.01%
HE	C	0.01%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	C	0.01%
ADC	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
BWA	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	C	0.01%
DTM	B	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
VNT	B	0.01%
TDC	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 107 Positions Relative to USXF

Symbol	Grade	Weight
AMD	F	-1.08%
LIN	D	-1.03%
INTU	C	-0.86%
ETN	A	-0.7%
SYK	C	-0.64%
PLD	D	-0.51%
ADI	D	-0.5%
DE	A	-0.5%
GEV	B	-0.45%
TT	A	-0.45%
EQIX	A	-0.42%
MELI	D	-0.42%
CRWD	B	-0.39%
CDNS	B	-0.39%
SNPS	B	-0.39%
MRVL	B	-0.37%
APD	A	-0.35%
CRH	A	-0.33%
APO	B	-0.32%
MSTR	C	-0.32%
PCAR	B	-0.28%
NXPI	D	-0.27%
WDAY	B	-0.26%
VRT	B	-0.24%
WCN	A	-0.23%
AME	A	-0.22%
KVUE	A	-0.22%
ROST	C	-0.22%
AXON	A	-0.21%
TEL	B	-0.21%
FERG	B	-0.2%
EW	C	-0.2%
SNOW	C	-0.19%
TEAM	A	-0.19%
VMC	B	-0.18%
DDOG	A	-0.18%
CTSH	B	-0.18%
MCHP	D	-0.17%
IQV	D	-0.17%
ACGL	D	-0.17%
VEEV	C	-0.16%
HUBS	A	-0.16%
HUM	C	-0.16%
LULU	C	-0.16%
ROK	B	-0.15%
GRMN	B	-0.15%
RJF	A	-0.15%
STT	A	-0.14%
ON	D	-0.14%
NET	B	-0.14%
GPN	B	-0.14%
CSGP	D	-0.14%
DXCM	D	-0.14%
FTV	C	-0.13%
KEYS	A	-0.13%
AWK	D	-0.13%
SW	A	-0.13%
WBD	C	-0.11%
ZBH	C	-0.11%
MDB	C	-0.1%
CBOE	B	-0.1%
ILMN	D	-0.1%
LYV	A	-0.1%
PODD	C	-0.09%
ZS	C	-0.09%
TRU	D	-0.09%
SNA	A	-0.09%
FSLR	F	-0.09%
STX	D	-0.09%
TWLO	A	-0.08%
EG	C	-0.08%
CF	B	-0.08%
DOCU	A	-0.08%
ARE	D	-0.08%
MOH	F	-0.08%
GPC	D	-0.08%
FWONK	B	-0.08%
TRMB	B	-0.08%
DT	C	-0.07%
ENTG	D	-0.07%
DOC	D	-0.07%
EL	F	-0.07%
TOST	B	-0.07%
KMX	B	-0.06%
DAY	B	-0.06%
ALLE	D	-0.06%
OKTA	C	-0.06%
MRNA	F	-0.06%
REG	B	-0.06%
SWK	D	-0.06%
EPAM	C	-0.06%
SWKS	F	-0.06%
CRL	C	-0.05%
SOLV	C	-0.05%
CNH	C	-0.05%
NLY	C	-0.05%
EXAS	D	-0.05%
LKQ	D	-0.05%
TECH	D	-0.05%
IOT	A	-0.05%
PAYC	B	-0.05%
BSY	D	-0.04%
ENPH	F	-0.04%
FBIN	D	-0.04%
BIO	D	-0.03%
AZPN	A	-0.03%
WLK	D	-0.02%