MFUS vs. VB ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard Small-Cap ETF (VB)

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

$50.22

Average Daily Volume

7,364

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

VB

Vanguard Small-Cap ETF

VB Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Index, a broadly diversified index of stocks of small U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$237.72

Average Daily Volume

667,528

Number of Holdings ^*

486

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VB
30 Days	3.10%	4.90%
60 Days	4.82%	4.63%
90 Days	5.74%	9.36%
12 Months	28.93%	25.16%

280 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VB	Overlap
AA	D	0.02%	0.1%	0.02%
ABG	D	0.07%	0.09%	0.07%
ACA	B	0.03%	0.08%	0.03%
ACI	F	0.01%	0.11%	0.01%
ACM	B	0.04%	0.21%	0.04%
AES	C	0.03%	0.11%	0.03%
AFG	B	0.01%	0.16%	0.01%
AGCO	D	0.02%	0.1%	0.02%
AGNC	B	0.04%	0.12%	0.04%
AIT	A	0.02%	0.14%	0.02%
AIZ	B	0.07%	0.15%	0.07%
ALLY	F	0.1%	0.21%	0.1%
ALSN	B	0.08%	0.13%	0.08%
AMG	C	0.05%	0.1%	0.05%
AMH	C	0.04%	0.19%	0.04%
AN	D	0.08%	0.1%	0.08%
ANF	D	0.26%	0.13%	0.13%
AOS	D	0.11%	0.17%	0.11%
APG	D	0.03%	0.16%	0.03%
APP	C	0.03%	0.25%	0.03%
AR	F	0.04%	0.14%	0.04%
ARW	C	0.07%	0.11%	0.07%
ATI	C	0.05%	0.14%	0.05%
ATR	B	0.07%	0.16%	0.07%
AVT	C	0.04%	0.08%	0.04%
AWI	B	0.03%	0.1%	0.03%
AXTA	B	0.02%	0.13%	0.02%
AYI	B	0.07%	0.13%	0.07%
BAH	C	0.14%	0.31%	0.14%
BBWI	F	0.02%	0.14%	0.02%
BC	C	0.06%	0.09%	0.06%
BCC	B	0.06%	0.09%	0.06%
BECN	D	0.01%	0.11%	0.01%
BERY	B	0.06%	0.12%	0.06%
BFAM	C	0.03%	0.12%	0.03%
BJ	D	0.03%	0.19%	0.03%
BLD	D	0.03%	0.25%	0.03%
BLDR	C	0.04%	0.34%	0.04%
BRKR	D	0.03%	0.12%	0.03%
BRO	C	0.13%	0.19%	0.13%
BWA	D	0.05%	0.13%	0.05%
BWXT	D	0.08%	0.15%	0.08%
BXP	B	0.02%	0.17%	0.02%
CACI	B	0.09%	0.17%	0.09%
CADE	C	0.01%	0.1%	0.01%
CASY	D	0.15%	0.24%	0.15%
CBSH	C	0.01%	0.13%	0.01%
CBT	B	0.05%	0.09%	0.05%
CCK	A	0.07%	0.18%	0.07%
CG	D	0.02%	0.19%	0.02%
CHDN	C	0.02%	0.16%	0.02%
CHE	C	0.06%	0.14%	0.06%
CHRD	F	0.02%	0.17%	0.02%
CHRW	B	0.09%	0.17%	0.09%
CLH	A	0.04%	0.19%	0.04%
CMA	B	0.04%	0.12%	0.04%
CMC	D	0.07%	0.12%	0.07%
CNM	F	0.01%	0.17%	0.01%
COHR	C	0.02%	0.18%	0.02%
COKE	C	0.03%	0.1%	0.03%
COLD	D	0.04%	0.14%	0.04%
COOP	C	0.04%	0.09%	0.04%
CPT	B	0.06%	0.2%	0.06%
CR	C	0.01%	0.13%	0.01%
CRS	B	0.1%	0.11%	0.1%
CRUS	D	0.05%	0.12%	0.05%
CSL	B	0.01%	0.33%	0.01%
CTLT	B	0.02%	0.17%	0.02%
CUBE	B	0.04%	0.18%	0.04%
CVLT	B	0.03%	0.11%	0.03%
CW	B	0.08%	0.19%	0.08%
DCI	C	0.04%	0.15%	0.04%
DECK	C	0.17%	0.39%	0.17%
DINO	F	0.03%	0.14%	0.03%
DKS	D	0.09%	0.2%	0.09%
DLB	D	0.03%	0.08%	0.03%
DTM	B	0.01%	0.12%	0.01%
DVA	B	0.18%	0.11%	0.11%
DY	B	0.01%	0.08%	0.01%
EHC	C	0.08%	0.16%	0.08%
ELAN	D	0.01%	0.11%	0.01%
ELS	C	0.04%	0.19%	0.04%
EME	B	0.03%	0.29%	0.03%
EMN	B	0.06%	0.2%	0.06%
ENTG	F	0.04%	0.3%	0.04%
EQH	C	0.07%	0.24%	0.07%
ERIE	B	0.09%	0.19%	0.09%
ESAB	C	0.01%	0.1%	0.01%
ESI	D	0.01%	0.1%	0.01%
ESNT	B	0.01%	0.11%	0.01%
EVR	A	0.12%	0.14%	0.12%
EVRG	B	0.01%	0.11%	0.01%
EWBC	D	0.02%	0.2%	0.02%
EXEL	C	0.02%	0.11%	0.02%
EXP	B	0.05%	0.15%	0.05%
FAF	B	0.02%	0.1%	0.02%
FCN	D	0.07%	0.13%	0.07%
FCNCA	D	0.05%	0.38%	0.05%
FFIV	B	0.04%	0.2%	0.04%
FHN	D	0.01%	0.15%	0.01%
FIX	B	0.05%	0.2%	0.05%
FLR	D	0.01%	0.14%	0.01%
FLS	D	0.02%	0.11%	0.02%
FND	C	0.03%	0.17%	0.03%
FR	B	0.03%	0.12%	0.03%
FTI	D	0.1%	0.2%	0.1%
FYBR	C	0.01%	0.12%	0.01%
G	C	0.05%	0.1%	0.05%
GAP	F	0.07%	0.1%	0.07%
GATX	D	0.04%	0.08%	0.04%
GGG	C	0.04%	0.24%	0.04%
GLPI	C	0.07%	0.22%	0.07%
GMED	D	0.02%	0.14%	0.02%
GNRC	D	0.04%	0.16%	0.04%
GNTX	F	0.06%	0.12%	0.06%
GPI	B	0.09%	0.08%	0.08%
GPK	B	0.1%	0.15%	0.1%
GWRE	A	0.02%	0.21%	0.02%
H	C	0.01%	0.11%	0.01%
HAE	F	0.02%	0.08%	0.02%
HII	D	0.02%	0.18%	0.02%
HLI	B	0.08%	0.13%	0.08%
HOG	C	0.02%	0.08%	0.02%
HOOD	C	0.03%	0.22%	0.03%
HRB	C	0.09%	0.13%	0.09%
HSIC	C	0.03%	0.15%	0.03%
HST	C	0.02%	0.1%	0.02%
HUBB	B	0.08%	0.18%	0.08%
HXL	F	0.04%	0.09%	0.04%
IEX	D	0.08%	0.26%	0.08%
INGR	B	0.06%	0.14%	0.06%
IPG	C	0.07%	0.2%	0.07%
ITT	B	0.08%	0.19%	0.08%
IVZ	B	0.05%	0.12%	0.05%
JAZZ	D	0.01%	0.11%	0.01%
JBL	D	0.07%	0.22%	0.07%
JEF	B	0.03%	0.14%	0.03%
JHG	B	0.03%	0.08%	0.03%
JKHY	B	0.1%	0.21%	0.1%
JLL	B	0.05%	0.2%	0.05%
JNPR	B	0.13%	0.2%	0.13%
JXN	A	0.09%	0.11%	0.09%
KBH	A	0.04%	0.09%	0.04%
KBR	D	0.02%	0.15%	0.02%
KD	D	0.06%	0.1%	0.06%
KEX	C	0.01%	0.12%	0.01%
KNX	C	0.01%	0.14%	0.01%
LAD	D	0.01%	0.13%	0.01%
LAMR	B	0.05%	0.18%	0.05%
LBRDK	F	0.02%	0.13%	0.02%
LDOS	B	0.08%	0.16%	0.08%
LEA	F	0.03%	0.12%	0.03%
LECO	F	0.08%	0.19%	0.08%
LII	B	0.23%	0.31%	0.23%
LNC	D	0.05%	0.09%	0.05%
LNW	B	0.02%	0.16%	0.02%
LOPE	D	0.05%	0.08%	0.05%
LPX	B	0.06%	0.11%	0.06%
LSTR	D	0.08%	0.11%	0.08%
M	F	0.04%	0.08%	0.04%
MANH	B	0.03%	0.26%	0.03%
MASI	F	0.02%	0.09%	0.02%
MC	B	0.03%	0.08%	0.03%
MDU	C	0.03%	0.09%	0.03%
MHK	C	0.01%	0.15%	0.01%
MKSI	F	0.01%	0.14%	0.01%
MKTX	C	0.02%	0.14%	0.02%
MLI	A	0.06%	0.13%	0.06%
MMS	C	0.06%	0.09%	0.06%
MOG.A	B	0.04%	0.09%	0.04%
MORN	C	0.03%	0.15%	0.03%
MOS	F	0.04%	0.16%	0.04%
MSA	D	0.03%	0.12%	0.03%
MTDR	F	0.01%	0.12%	0.01%
MTG	B	0.04%	0.11%	0.04%
MTH	A	0.08%	0.12%	0.08%
MTN	D	0.05%	0.12%	0.05%
MUR	F	0.05%	0.1%	0.05%
MUSA	D	0.17%	0.16%	0.16%
NBIX	F	0.04%	0.24%	0.04%
NDSN	C	0.04%	0.22%	0.04%
NFG	B	0.04%	0.09%	0.04%
NOV	F	0.04%	0.14%	0.04%
NRG	C	0.07%	0.26%	0.07%
NSIT	D	0.06%	0.12%	0.06%
NVT	D	0.02%	0.2%	0.02%
NXST	D	0.05%	0.1%	0.05%
NYT	C	0.05%	0.14%	0.05%
OC	D	0.07%	0.27%	0.07%
OGN	D	0.08%	0.09%	0.08%
OLLI	C	0.01%	0.1%	0.01%
OLN	D	0.04%	0.09%	0.04%
OMF	D	0.03%	0.1%	0.03%
ONB	C	0.01%	0.11%	0.01%
ORA	C	0.02%	0.07%	0.02%
OSK	F	0.07%	0.12%	0.07%
PARA	F	0.02%	0.1%	0.02%
PNR	B	0.08%	0.24%	0.08%
POOL	C	0.07%	0.11%	0.07%
POST	C	0.05%	0.09%	0.05%
PR	F	0.04%	0.15%	0.04%
PSN	B	0.02%	0.07%	0.02%
PSTG	F	0.03%	0.31%	0.03%
PTC	D	0.05%	0.34%	0.05%
PTEN	F	0.01%	0.07%	0.01%
PVH	F	0.04%	0.1%	0.04%
QRVO	F	0.01%	0.19%	0.01%
R	A	0.06%	0.1%	0.06%
RBC	C	0.01%	0.14%	0.01%
RGA	C	0.05%	0.25%	0.05%
RGLD	C	0.04%	0.15%	0.04%
RHI	D	0.02%	0.11%	0.02%
RL	C	0.04%	0.11%	0.04%
RLI	B	0.03%	0.11%	0.03%
RPM	B	0.11%	0.26%	0.11%
RRC	D	0.04%	0.12%	0.04%
RS	D	0.08%	0.29%	0.08%
RYN	C	0.02%	0.08%	0.02%
SAIA	D	0.04%	0.19%	0.04%
SAIC	C	0.01%	0.11%	0.01%
SCI	B	0.06%	0.18%	0.06%
SEE	D	0.06%	0.09%	0.06%
SEIC	C	0.07%	0.13%	0.07%
SF	A	0.01%	0.14%	0.01%
SFM	B	0.19%	0.17%	0.17%
SIGI	D	0.01%	0.09%	0.01%
SJM	C	0.03%	0.1%	0.03%
SKX	D	0.02%	0.14%	0.02%
SLG	B	0.07%	0.07%	0.07%
SLM	D	0.06%	0.08%	0.06%
SM	F	0.03%	0.09%	0.03%
SNV	C	0.01%	0.11%	0.01%
SON	C	0.04%	0.09%	0.04%
SRCL	A	0.04%	0.09%	0.04%
SSD	D	0.03%	0.13%	0.03%
STLD	F	0.04%	0.17%	0.04%
SWN	D	0.01%	0.12%	0.01%
SWX	C	0.01%	0.08%	0.01%
TAP	D	0.08%	0.16%	0.08%
TFX	C	0.03%	0.17%	0.03%
THC	A	0.27%	0.24%	0.24%
THG	B	0.04%	0.07%	0.04%
THO	D	0.06%	0.09%	0.06%
TKR	D	0.05%	0.09%	0.05%
TMHC	A	0.08%	0.11%	0.08%
TOL	B	0.1%	0.25%	0.1%
TPR	C	0.01%	0.15%	0.01%
TPX	C	0.06%	0.14%	0.06%
TREX	D	0.01%	0.15%	0.01%
TRGP	B	0.13%	0.5%	0.13%
TTC	D	0.07%	0.17%	0.07%
TTEK	C	0.02%	0.19%	0.02%
TXRH	C	0.05%	0.19%	0.05%
UDR	C	0.03%	0.11%	0.03%
UFPI	C	0.06%	0.13%	0.06%
UHAL	A	0.03%	0.1%	0.03%
UHAL	A	0.01%	0.1%	0.01%
UHS	B	0.09%	0.2%	0.09%
UNM	B	0.1%	0.15%	0.1%
USFD	B	0.09%	0.22%	0.09%
UTHR	C	0.16%	0.23%	0.16%
VFC	C	0.02%	0.1%	0.02%
VNO	B	0.06%	0.09%	0.06%
VNT	F	0.02%	0.1%	0.02%
VVV	D	0.03%	0.1%	0.03%
WAL	B	0.01%	0.14%	0.01%
WBS	D	0.01%	0.14%	0.01%
WCC	D	0.08%	0.15%	0.08%
WH	B	0.03%	0.1%	0.03%
WHR	D	0.04%	0.09%	0.04%
WMS	D	0.02%	0.23%	0.02%
WSM	D	0.21%	0.33%	0.21%
WSO	C	0.2%	0.28%	0.2%
WTFC	B	0.01%	0.12%	0.01%
WTS	C	0.03%	0.09%	0.03%
WWD	D	0.01%	0.16%	0.01%
X	F	0.06%	0.14%	0.06%
XPO	D	0.03%	0.21%	0.03%
XRAY	D	0.04%	0.09%	0.04%
ZION	D	0.03%	0.13%	0.03%

MFUS Overweight 500 Positions Relative to VB

Symbol	Grade	Weight
LLY	C	2.48%
META	B	2.02%
BRK.A	C	2.01%
WMT	C	1.87%
NVDA	D	1.6%
WFC	D	1.4%
AVGO	C	1.34%
ABBV	C	1.34%
IBM	B	1.32%
AMZN	C	1.27%
T	C	1.23%
C	C	1.22%
COST	B	1.21%
GOOGL	D	1.17%
ORCL	C	1.13%
GE	B	1.09%
JNJ	C	1.03%
AMGN	B	1.03%
VZ	B	1.01%
XOM	C	0.99%
JPM	D	0.9%
PG	C	0.88%
MRK	D	0.87%
V	C	0.86%
CVS	D	0.8%
MA	B	0.79%
CVX	D	0.79%
GILD	B	0.78%
TGT	C	0.68%
AAPL	C	0.67%
MPC	F	0.64%
PEP	C	0.62%
QCOM	D	0.62%
KO	C	0.6%
PM	C	0.56%
GM	C	0.56%
VLO	F	0.54%
PSX	F	0.54%
PFE	C	0.53%
MO	C	0.52%
LMT	C	0.52%
MCK	F	0.51%
PGR	B	0.5%
UNP	C	0.48%
BKNG	C	0.47%
GS	C	0.45%
REGN	C	0.45%
NFLX	B	0.44%
AMAT	D	0.44%
AIG	D	0.42%
CSCO	C	0.42%
COF	B	0.42%
MMM	B	0.41%
CAT	B	0.41%
MCD	B	0.4%
BAC	D	0.39%
HD	B	0.39%
NOW	B	0.37%
ALL	B	0.36%
MET	B	0.36%
INTC	F	0.36%
CRM	D	0.35%
CAH	C	0.35%
TJX	B	0.34%
KR	C	0.34%
EBAY	B	0.34%
CL	D	0.33%
F	F	0.33%
TRV	C	0.32%
ADM	D	0.32%
TMUS	C	0.31%
AZO	D	0.3%
COP	D	0.3%
ICE	C	0.29%
SYF	C	0.29%
BMY	C	0.28%
BK	B	0.27%
DHR	B	0.27%
HPQ	D	0.27%
LRCX	F	0.27%
VST	C	0.26%
INTU	C	0.26%
PRU	C	0.25%
PANW	D	0.25%
BBY	C	0.24%
CHTR	D	0.24%
CMCSA	D	0.24%
NOC	B	0.23%
LOW	B	0.23%
WM	D	0.23%
BX	B	0.23%
KLAC	D	0.23%
MDLZ	B	0.22%
CMG	C	0.22%
TSN	C	0.22%
FICO	B	0.22%
SHW	B	0.21%
TXN	C	0.21%
UBER	C	0.21%
LYB	D	0.21%
DD	B	0.21%
VRTX	D	0.21%
GLW	C	0.2%
HPE	D	0.2%
CME	C	0.2%
VRSK	D	0.2%
UPS	D	0.19%
BSX	B	0.19%
AXP	B	0.19%
LHX	C	0.19%
MMC	C	0.19%
ACN	C	0.19%
CPRT	D	0.19%
AFL	C	0.19%
AON	B	0.19%
CTAS	B	0.18%
DPZ	F	0.18%
ETN	C	0.18%
ORLY	C	0.18%
PHM	B	0.17%
GD	B	0.17%
GWW	B	0.17%
IT	B	0.16%
BR	D	0.16%
CB	B	0.16%
KHC	C	0.16%
KMB	D	0.16%
SCHW	D	0.16%
BKR	C	0.16%
SPG	B	0.15%
MU	F	0.15%
EMR	D	0.15%
MSI	B	0.15%
CLX	C	0.15%
WDC	D	0.15%
TDG	B	0.15%
WBA	F	0.14%
CI	C	0.14%
SMCI	F	0.14%
KKR	B	0.13%
RSG	D	0.13%
RMD	C	0.13%
PWR	B	0.13%
PH	B	0.13%
DUK	C	0.13%
HCA	B	0.13%
VTRS	D	0.13%
EXC	C	0.12%
WELL	C	0.12%
IP	B	0.12%
CARR	B	0.12%
HWM	B	0.12%
STE	C	0.12%
ANET	B	0.12%
EOG	D	0.11%
XYL	C	0.11%
USB	B	0.11%
CMI	C	0.11%
GIS	B	0.11%
MAR	C	0.11%
IRM	C	0.11%
K	B	0.1%
PNC	B	0.1%
AVY	C	0.1%
YUM	D	0.1%
APH	D	0.1%
MRO	C	0.1%
APO	C	0.1%
FAST	C	0.1%
AEO	F	0.09%
ADSK	C	0.09%
ADP	B	0.09%
SLB	F	0.09%
IR	C	0.09%
EA	D	0.09%
BDX	D	0.09%
TFC	C	0.09%
DASH	C	0.09%
FCX	D	0.09%
CEG	C	0.09%
ARES	B	0.09%
AJG	D	0.09%
URI	B	0.09%
EFX	B	0.09%
GDDY	C	0.09%
NEM	B	0.09%
NUE	F	0.08%
TROW	D	0.08%
MTD	D	0.08%
DFS	B	0.08%
WU	F	0.08%
MKC	C	0.08%
BIIB	F	0.08%
TYL	C	0.08%
FIS	B	0.08%
PCAR	D	0.08%
WMB	B	0.08%
AMP	A	0.08%
OKE	B	0.08%
ECL	B	0.08%
HLT	B	0.08%
RCL	B	0.08%
FOXA	B	0.08%
LUMN	C	0.08%
ITW	C	0.08%
KMI	B	0.08%
LEN	B	0.08%
NTAP	D	0.08%
ELV	C	0.08%
L	C	0.08%
MPWR	C	0.08%
DLR	B	0.08%
CSX	D	0.08%
CHD	D	0.07%
CALM	A	0.07%
CE	F	0.07%
TSCO	C	0.07%
OTIS	C	0.07%
NVR	B	0.07%
LPLA	D	0.07%
SYY	D	0.07%
EXPD	C	0.07%
ROST	C	0.07%
TTWO	C	0.07%
EXR	B	0.07%
MSCI	C	0.07%
BALL	C	0.07%
MNST	D	0.06%
PK	D	0.06%
MSM	D	0.06%
HIG	B	0.06%
SBUX	C	0.06%
HCC	F	0.06%
KSS	F	0.06%
FTNT	C	0.06%
IDXX	C	0.06%
MAS	B	0.06%
MLM	D	0.06%
OMC	B	0.06%
HSY	C	0.06%
TEX	F	0.06%
INVH	C	0.06%
ROP	C	0.06%
SPGI	B	0.06%
VMC	D	0.06%
CFG	C	0.06%
PBF	F	0.06%
CRI	D	0.06%
COIN	F	0.06%
CNX	B	0.06%
NWSA	D	0.06%
KDP	B	0.06%
DGX	B	0.06%
ATGE	C	0.05%
CAG	C	0.05%
CCL	C	0.05%
WAT	C	0.05%
SKYW	C	0.05%
WEN	C	0.05%
ROL	C	0.05%
PKG	B	0.05%
WTW	C	0.05%
VIRT	C	0.05%
TW	B	0.05%
A	C	0.05%
DELL	D	0.05%
IBKR	B	0.05%
SANM	D	0.05%
FL	D	0.05%
WPC	C	0.05%
CPAY	B	0.05%
URBN	F	0.05%
FDS	C	0.05%
SUI	B	0.05%
DG	F	0.05%
FITB	B	0.05%
FLEX	C	0.05%
CDW	D	0.05%
PEG	B	0.05%
MHO	B	0.05%
KTB	B	0.05%
ANSS	D	0.05%
TPH	C	0.05%
APLE	D	0.04%
GEO	F	0.04%
LW	D	0.04%
HUBG	C	0.04%
WTM	D	0.04%
FHI	A	0.04%
TGNA	D	0.04%
CRBG	D	0.04%
VC	F	0.04%
HAL	F	0.04%
BAX	C	0.04%
CNO	B	0.04%
HEI	B	0.04%
GVA	B	0.04%
GNW	B	0.04%
PINS	F	0.04%
VRSN	D	0.04%
MAN	C	0.04%
SEB	D	0.04%
ABM	D	0.04%
FLO	C	0.04%
ADBE	F	0.04%
BTU	D	0.04%
ZTS	C	0.04%
BDC	B	0.04%
FANG	D	0.04%
DOW	D	0.04%
WST	D	0.04%
NKE	D	0.04%
LANC	D	0.04%
STZ	D	0.04%
SIG	C	0.04%
WAB	B	0.04%
SMG	C	0.04%
PPG	D	0.04%
PAG	D	0.04%
SLGN	B	0.04%
BEN	F	0.04%
ULTA	D	0.04%
MAC	B	0.04%
AKAM	D	0.03%
NEU	D	0.03%
DRI	B	0.03%
OKTA	F	0.03%
TXT	D	0.03%
FNF	B	0.03%
HBAN	B	0.03%
PRG	B	0.03%
NAVI	C	0.03%
DK	F	0.03%
MOH	D	0.03%
BKU	C	0.03%
SBAC	C	0.03%
BURL	B	0.03%
PRIM	B	0.03%
YELP	F	0.03%
GBX	C	0.03%
MTB	B	0.03%
HP	F	0.03%
SHOO	B	0.03%
DBRG	D	0.03%
RUSHA	C	0.03%
AMKR	F	0.03%
EQIX	C	0.03%
SBH	B	0.03%
MCO	B	0.03%
RPRX	C	0.03%
HBI	B	0.03%
TRN	D	0.03%
AVA	C	0.03%
PDCO	F	0.03%
GT	F	0.03%
MKL	C	0.03%
SEM	D	0.03%
SLVM	B	0.03%
TDS	C	0.03%
DOX	C	0.03%
BHF	F	0.03%
HOLX	B	0.03%
VSH	F	0.03%
TER	D	0.03%
ASO	C	0.03%
IFF	B	0.03%
GMS	D	0.03%
AROC	D	0.03%
CPNG	B	0.03%
PAYX	C	0.03%
PSA	B	0.03%
DDS	F	0.03%
JWN	C	0.03%
OI	D	0.03%
AVTR	B	0.03%
CTVA	B	0.03%
LEG	D	0.02%
ODFL	D	0.02%
APOG	B	0.02%
NWL	C	0.02%
HNI	C	0.02%
LXP	B	0.02%
SNDR	B	0.02%
ODP	F	0.02%
ANDE	D	0.02%
DORM	B	0.02%
OSIS	D	0.02%
SNAP	F	0.02%
GES	F	0.02%
XRX	D	0.02%
BMRN	F	0.02%
CC	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
MCY	D	0.02%
DOV	B	0.02%
XHR	B	0.02%
GPC	D	0.02%
NTCT	C	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%
CINF	B	0.02%
NSP	F	0.02%
VSTO	C	0.02%
RLJ	D	0.02%
PFSI	C	0.02%
GEF	D	0.02%
KEY	B	0.02%
AIR	C	0.02%
KMPR	D	0.02%
CXW	F	0.02%
JBHT	D	0.02%
PLXS	A	0.02%
APAM	C	0.02%
ALGN	D	0.02%
TDC	F	0.02%
PNM	B	0.02%
WERN	D	0.02%
DRH	C	0.02%
PINC	C	0.02%
LZB	C	0.02%
WRB	C	0.02%
NTRS	A	0.02%
SHO	C	0.02%
STC	B	0.02%
BKE	B	0.02%
NDAQ	A	0.02%
ADNT	F	0.02%
UNF	C	0.02%
GEHC	C	0.02%
DLTR	F	0.02%
CTRA	D	0.02%
THS	C	0.02%
MATX	B	0.02%
AAP	F	0.01%
SCHL	D	0.01%
SCL	D	0.01%
ARCH	F	0.01%
LYFT	D	0.01%
CACC	F	0.01%
KALU	F	0.01%
UAL	C	0.01%
SCCO	D	0.01%
ECPG	D	0.01%
WGO	D	0.01%
UVV	D	0.01%
HELE	D	0.01%
HPP	D	0.01%
HUN	D	0.01%
MLKN	D	0.01%
WOR	D	0.01%
JELD	D	0.01%
SYNA	F	0.01%
HRL	C	0.01%
PFG	B	0.01%
ARCB	D	0.01%
INCY	C	0.01%
CENTA	F	0.01%
JBGS	C	0.01%
LVS	D	0.01%
AMED	C	0.01%
FELE	C	0.01%
WAFD	C	0.01%
SPB	C	0.01%
WMK	C	0.01%
BRC	C	0.01%
KN	D	0.01%
PECO	B	0.01%
CBRL	D	0.01%
CSGS	C	0.01%
STRA	F	0.01%
TTMI	D	0.01%
CPB	C	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	B	0.01%
AMWD	D	0.01%
LAUR	C	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
IOSP	D	0.01%
LADR	B	0.01%
GOLF	D	0.01%
PSMT	B	0.01%
TNET	F	0.01%
CWEN	C	0.01%
BHE	D	0.01%
DAN	F	0.01%
RJF	C	0.01%
PHIN	B	0.01%
SCS	D	0.01%
DNOW	D	0.01%
SATS	C	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 207 Positions Relative to VB

Symbol	Grade	Weight
SW	B	-0.39%
AXON	B	-0.36%
ATO	B	-0.32%
DKNG	C	-0.27%
BG	D	-0.25%
RBA	B	-0.24%
KIM	C	-0.24%
CVNA	B	-0.23%
RIVN	F	-0.22%
KMX	D	-0.22%
NTNX	C	-0.21%
OVV	F	-0.21%
DT	C	-0.21%
REG	C	-0.21%
CRL	F	-0.21%
MSTR	D	-0.21%
SRPT	D	-0.21%
TECH	C	-0.21%
INSM	D	-0.2%
NTRA	C	-0.2%
ALLE	B	-0.2%
RNR	C	-0.2%
DOCU	C	-0.19%
APA	F	-0.19%
TOST	C	-0.18%
RRX	C	-0.18%
PFGC	B	-0.18%
WING	B	-0.18%
WTRG	D	-0.17%
OLED	C	-0.17%
REXR	C	-0.17%
KNSL	C	-0.17%
MTCH	C	-0.17%
EQT	D	-0.17%
ESTC	F	-0.16%
ONTO	D	-0.16%
MEDP	F	-0.16%
CHK	D	-0.16%
OWL	C	-0.16%
PNW	C	-0.16%
DAY	D	-0.15%
RGEN	F	-0.15%
OHI	B	-0.15%
EGP	B	-0.15%
ARMK	B	-0.15%
TWLO	D	-0.15%
ELF	F	-0.15%
FRT	C	-0.15%
SOLV	C	-0.14%
CZR	C	-0.14%
NNN	C	-0.14%
PAYC	D	-0.14%
EXAS	C	-0.14%
ORI	B	-0.14%
CGNX	F	-0.14%
HAS	B	-0.14%
GL	C	-0.14%
WFRD	F	-0.14%
PRI	B	-0.14%
TKO	B	-0.13%
SSB	B	-0.13%
ETSY	F	-0.13%
CIEN	C	-0.13%
CELH	F	-0.13%
BRX	B	-0.13%
DOC	C	-0.13%
WEX	C	-0.13%
PCVX	C	-0.13%
CROX	D	-0.13%
OGE	C	-0.13%
TPL	B	-0.13%
SNX	D	-0.13%
WYNN	D	-0.13%
ITCI	D	-0.13%
NCLH	C	-0.13%
SPSC	D	-0.13%
FN	D	-0.13%
ENSG	B	-0.13%
ADC	C	-0.12%
AAL	D	-0.12%
CIVI	F	-0.12%
MTZ	B	-0.12%
NI	B	-0.12%
HALO	C	-0.12%
PNFP	B	-0.12%
GME	F	-0.12%
SOFI	C	-0.12%
LNTH	D	-0.12%
PCOR	F	-0.12%
FMC	C	-0.12%
LSCC	D	-0.12%
MIDD	D	-0.12%
CLF	F	-0.12%
VOYA	B	-0.12%
ROKU	C	-0.12%
WSC	D	-0.12%
BPOP	C	-0.12%
STAG	C	-0.12%
IOT	B	-0.12%
AFRM	C	-0.11%
DAR	F	-0.11%
PCTY	C	-0.11%
PLNT	B	-0.11%
IONS	F	-0.11%
NOVT	D	-0.11%
CHX	F	-0.11%
IBP	D	-0.11%
AZEK	C	-0.11%
PB	B	-0.11%
TRNO	C	-0.11%
LFUS	C	-0.11%
SITE	C	-0.11%
MAT	C	-0.11%
GXO	D	-0.11%
BRBR	C	-0.11%
BIO	C	-0.11%
CYTK	F	-0.11%
CFR	C	-0.11%
RVMD	C	-0.11%
BPMC	F	-0.11%
PODD	B	-0.11%
HQY	C	-0.11%
GTLS	F	-0.11%
ACHC	C	-0.1%
RHP	C	-0.1%
Z	B	-0.1%
BCPC	C	-0.1%
AXS	B	-0.1%
MTSI	D	-0.1%
AAON	B	-0.1%
VRNS	C	-0.1%
MOD	A	-0.1%
RYAN	D	-0.1%
ST	D	-0.1%
FRPT	B	-0.1%
CWST	D	-0.1%
EPAM	F	-0.1%
VKTX	C	-0.1%
STWD	B	-0.1%
VMI	D	-0.1%
DUOL	B	-0.1%
BMI	A	-0.1%
FSS	D	-0.1%
PEN	D	-0.1%
S	C	-0.1%
SMAR	C	-0.1%
MARA	F	-0.09%
HOMB	B	-0.09%
MDGL	F	-0.09%
OPCH	C	-0.09%
EPRT	B	-0.09%
CFLT	F	-0.09%
QLYS	F	-0.09%
AL	D	-0.09%
UBSI	B	-0.09%
OZK	D	-0.09%
UGI	C	-0.09%
KRYS	D	-0.09%
EXPO	A	-0.09%
KRG	B	-0.09%
EXLS	B	-0.09%
TENB	F	-0.09%
COLB	B	-0.09%
FNB	C	-0.09%
LKQ	F	-0.09%
RMBS	F	-0.09%
HLNE	B	-0.09%
RDN	C	-0.09%
GKOS	C	-0.09%
GTLB	D	-0.09%
DBX	D	-0.09%
KNF	B	-0.08%
ACIW	B	-0.08%
PIPR	B	-0.08%
NJR	B	-0.08%
ASH	D	-0.08%
ALKS	C	-0.08%
BCO	B	-0.08%
FFIN	B	-0.08%
MGY	C	-0.08%
FUL	C	-0.08%
TDW	F	-0.08%
MMSI	B	-0.08%
HWC	D	-0.08%
ITRI	C	-0.08%
ALK	C	-0.08%
VRRM	D	-0.08%
VAL	F	-0.08%
AM	C	-0.08%
POR	C	-0.08%
HCP	B	-0.08%
ATKR	F	-0.08%
IDA	C	-0.08%
W	D	-0.08%
AVAV	C	-0.08%
ALTR	C	-0.08%
PATH	D	-0.08%
BILL	D	-0.08%
CSWI	B	-0.08%
GBCI	B	-0.08%
SUM	D	-0.08%
ENS	D	-0.07%
EEFT	D	-0.07%
APPF	D	-0.07%
PII	D	-0.07%
U	D	-0.07%
ZWS	A	-0.07%