MFUS vs. VFMF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard U.S. Multifactor ETF (VFMF)

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

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$139.64

Average Daily Volume

8,764

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VFMF
30 Days	2.73%	6.72%
60 Days	3.41%	7.63%
90 Days	5.38%	7.99%
12 Months	32.49%	33.84%

238 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VFMF	Overlap
ABBV	D	1.36%	0.93%	0.93%
AEO	F	0.07%	0.17%	0.07%
AFL	B	0.21%	1.08%	0.21%
AIG	B	0.34%	1.02%	0.34%
ALSN	B	0.11%	0.3%	0.11%
AMAT	F	0.55%	0.78%	0.55%
AMG	B	0.06%	0.32%	0.06%
AMKR	D	0.03%	0.2%	0.03%
AMP	A	0.18%	0.17%	0.17%
AMWD	C	0.01%	0.2%	0.01%
AMZN	C	1.71%	0.06%	0.06%
AN	C	0.06%	0.14%	0.06%
ANDE	D	0.02%	0.34%	0.02%
ANET	C	0.14%	0.5%	0.14%
APOG	B	0.02%	0.09%	0.02%
ARW	D	0.04%	0.09%	0.04%
ASO	F	0.03%	0.24%	0.03%
ATGE	B	0.06%	0.19%	0.06%
AXP	A	0.23%	0.82%	0.23%
AYI	B	0.1%	0.26%	0.1%
AZO	C	0.28%	0.43%	0.28%
BAC	A	0.45%	0.16%	0.16%
BBY	D	0.21%	0.05%	0.05%
BCC	B	0.07%	0.52%	0.07%
BERY	B	0.06%	0.03%	0.03%
BJ	A	0.03%	0.05%	0.03%
BK	A	0.18%	0.98%	0.18%
BKE	B	0.03%	0.05%	0.03%
BKNG	A	0.42%	0.52%	0.42%
BKU	A	0.03%	0.04%	0.03%
BLD	D	0.03%	0.19%	0.03%
BLDR	D	0.04%	0.12%	0.04%
BTU	B	0.05%	0.05%	0.05%
BWA	D	0.01%	0.06%	0.01%
C	A	0.69%	0.06%	0.06%
CACI	D	0.09%	0.07%	0.07%
CAH	B	0.27%	0.53%	0.27%
CALM	A	0.09%	0.28%	0.09%
CASY	A	0.16%	0.05%	0.05%
CAT	B	0.2%	0.48%	0.2%
CBSH	A	0.01%	0.34%	0.01%
CBT	C	0.05%	0.05%	0.05%
CENTA	C	0.01%	0.06%	0.01%
CFG	B	0.04%	0.57%	0.04%
CG	A	0.03%	0.07%	0.03%
CI	F	0.13%	0.5%	0.13%
CL	D	0.35%	0.46%	0.35%
CMC	B	0.06%	0.14%	0.06%
CNM	D	0.01%	0.07%	0.01%
CNO	A	0.05%	0.4%	0.05%
CNX	A	0.07%	0.11%	0.07%
CNXN	C	0.01%	0.14%	0.01%
COKE	C	0.03%	0.18%	0.03%
COOP	B	0.05%	0.17%	0.05%
COP	C	0.07%	0.22%	0.07%
COR	B	0.17%	0.17%	0.17%
COST	B	1.35%	0.52%	0.52%
CPAY	A	0.03%	0.23%	0.03%
CR	A	0.01%	0.16%	0.01%
CRBG	B	0.04%	0.15%	0.04%
CROX	D	0.01%	0.2%	0.01%
CRS	A	0.11%	0.05%	0.05%
CRUS	D	0.04%	0.06%	0.04%
CSL	C	0.02%	0.07%	0.02%
CTAS	B	0.19%	0.07%	0.07%
CVLT	B	0.04%	0.14%	0.04%
CVX	A	0.39%	0.33%	0.33%
DASH	A	0.11%	0.05%	0.05%
DDS	B	0.03%	0.03%	0.03%
DECK	A	0.17%	0.16%	0.16%
DELL	C	0.03%	0.23%	0.03%
DHI	D	0.06%	0.26%	0.06%
DKS	C	0.08%	0.15%	0.08%
DNOW	B	0.02%	0.12%	0.02%
DOX	D	0.03%	0.1%	0.03%
DVA	B	0.16%	0.16%	0.16%
EBAY	D	0.36%	0.07%	0.07%
EME	C	0.04%	0.22%	0.04%
EPC	D	0.02%	0.07%	0.02%
EQH	B	0.08%	0.2%	0.08%
ESAB	B	0.01%	0.15%	0.01%
EWBC	A	0.02%	0.59%	0.02%
EXP	A	0.07%	0.11%	0.07%
FANG	D	0.05%	0.6%	0.05%
FDP	B	0.01%	0.08%	0.01%
FFIV	B	0.06%	0.02%	0.02%
FI	A	0.19%	0.51%	0.19%
FITB	A	0.04%	0.39%	0.04%
FIX	A	0.06%	0.16%	0.06%
FLO	D	0.04%	0.06%	0.04%
FNF	B	0.03%	0.23%	0.03%
FTI	A	0.04%	0.14%	0.04%
GAP	C	0.06%	0.08%	0.06%
GEO	B	0.07%	0.04%	0.04%
GIII	D	0.01%	0.3%	0.01%
GILD	C	0.87%	0.43%	0.43%
GM	B	0.4%	0.44%	0.4%
GMS	B	0.03%	0.2%	0.03%
GNW	A	0.03%	0.21%	0.03%
GOLF	B	0.01%	0.04%	0.01%
GPI	A	0.09%	0.03%	0.03%
GPK	C	0.08%	0.03%	0.03%
HBI	B	0.05%	0.13%	0.05%
HCA	F	0.25%	0.82%	0.25%
HCC	B	0.07%	0.13%	0.07%
HIG	B	0.06%	0.7%	0.06%
HNI	B	0.02%	0.06%	0.02%
HP	B	0.02%	0.18%	0.02%
HPE	B	0.11%	0.04%	0.04%
HPQ	B	0.28%	0.19%	0.19%
HRB	D	0.08%	0.45%	0.08%
IBM	C	1.05%	0.61%	0.61%
IDCC	A	0.01%	0.07%	0.01%
IMKTA	C	0.01%	0.18%	0.01%
INGR	B	0.07%	0.35%	0.07%
JBL	B	0.03%	0.24%	0.03%
JEF	A	0.03%	0.19%	0.03%
JELD	F	0.01%	0.09%	0.01%
JNJ	D	1.18%	0.38%	0.38%
JPM	A	0.99%	0.72%	0.72%
JWN	C	0.04%	0.07%	0.04%
JXN	C	0.1%	0.1%	0.1%
KBH	D	0.03%	0.16%	0.03%
KD	B	0.05%	0.16%	0.05%
KEX	C	0.02%	0.16%	0.02%
KLAC	D	0.23%	0.52%	0.23%
KMB	D	0.16%	0.59%	0.16%
KR	B	0.38%	0.73%	0.38%
KTB	B	0.06%	0.15%	0.06%
LDOS	C	0.11%	0.15%	0.11%
LEN	D	0.06%	0.07%	0.06%
LEN	D	0.06%	0.19%	0.06%
LMT	D	0.75%	0.64%	0.64%
LOPE	B	0.05%	0.06%	0.05%
LPX	B	0.08%	0.21%	0.08%
LYB	F	0.15%	0.1%	0.1%
LZB	B	0.03%	0.07%	0.03%
M	D	0.02%	0.22%	0.02%
MAN	D	0.03%	0.02%	0.02%
MATX	C	0.03%	0.11%	0.03%
MCK	B	0.63%	0.71%	0.63%
MCY	A	0.02%	0.14%	0.02%
MET	A	0.32%	0.05%	0.05%
META	D	2.35%	0.82%	0.82%
MHK	D	0.01%	0.22%	0.01%
MHO	D	0.04%	0.25%	0.04%
MLI	C	0.09%	0.71%	0.09%
MLKN	D	0.01%	0.23%	0.01%
MMM	D	0.6%	0.9%	0.6%
MO	A	0.73%	0.78%	0.73%
MOG.A	B	0.05%	0.09%	0.05%
MPC	D	0.34%	0.83%	0.34%
MPWR	F	0.06%	0.1%	0.06%
MRK	F	0.84%	0.46%	0.46%
MTG	C	0.02%	0.71%	0.02%
MTH	D	0.06%	0.07%	0.06%
MUR	D	0.01%	0.13%	0.01%
MUSA	A	0.16%	0.14%	0.14%
NAVI	C	0.02%	0.09%	0.02%
NSIT	F	0.05%	0.24%	0.05%
NTAP	C	0.1%	0.17%	0.1%
NUE	C	0.08%	0.13%	0.08%
NVDA	C	1.9%	0.63%	0.63%
NVR	D	0.09%	0.18%	0.09%
NXST	C	0.05%	0.04%	0.04%
OC	A	0.02%	0.44%	0.02%
OGN	D	0.04%	0.12%	0.04%
OMF	A	0.03%	0.46%	0.03%
OMI	F	0.01%	0.16%	0.01%
PFG	D	0.01%	0.06%	0.01%
PGR	A	0.59%	0.2%	0.2%
PH	A	0.14%	0.11%	0.11%
PHIN	A	0.02%	0.24%	0.02%
PHM	D	0.1%	0.72%	0.1%
PINC	B	0.03%	0.18%	0.03%
PKG	A	0.1%	0.19%	0.1%
PM	B	0.87%	0.81%	0.81%
PPC	C	0.01%	0.2%	0.01%
PSMT	C	0.01%	0.08%	0.01%
PSTG	D	0.04%	0.12%	0.04%
PSX	C	0.23%	0.27%	0.23%
PVH	C	0.02%	0.39%	0.02%
PYPL	B	0.12%	0.15%	0.12%
QCOM	F	0.77%	0.82%	0.77%
R	B	0.07%	0.16%	0.07%
RCL	A	0.1%	0.12%	0.1%
RDN	C	0.01%	0.21%	0.01%
RL	B	0.03%	0.19%	0.03%
RMD	C	0.16%	0.15%	0.15%
RRC	B	0.03%	0.03%	0.03%
RS	B	0.04%	0.11%	0.04%
RTX	C	0.22%	0.36%	0.22%
SANM	B	0.04%	0.1%	0.04%
SCS	C	0.01%	0.32%	0.01%
SFM	A	0.25%	0.16%	0.16%
SHOO	D	0.03%	0.04%	0.03%
SIG	B	0.04%	0.3%	0.04%
SKX	D	0.02%	0.26%	0.02%
SKYW	B	0.07%	0.17%	0.07%
SLM	A	0.06%	0.41%	0.06%
SLVM	B	0.04%	0.15%	0.04%
SM	B	0.03%	0.13%	0.03%
STLD	B	0.04%	0.18%	0.04%
STRA	C	0.01%	0.03%	0.01%
SYF	B	0.31%	0.71%	0.31%
T	A	0.73%	0.77%	0.73%
TEX	D	0.05%	0.18%	0.05%
TGT	F	0.74%	0.65%	0.65%
THC	D	0.28%	0.2%	0.2%
THO	B	0.07%	0.21%	0.07%
TJX	A	0.37%	0.42%	0.37%
TMHC	B	0.09%	0.18%	0.09%
TMUS	B	0.43%	0.75%	0.43%
TOL	B	0.06%	0.25%	0.06%
TPH	D	0.06%	0.13%	0.06%
TPR	B	0.01%	0.14%	0.01%
UFPI	B	0.07%	0.37%	0.07%
UHS	D	0.06%	0.1%	0.06%
UNM	A	0.04%	0.28%	0.04%
URBN	C	0.05%	0.12%	0.05%
URI	B	0.09%	0.17%	0.09%
UTHR	C	0.19%	0.37%	0.19%
VFC	C	0.02%	0.07%	0.02%
VIRT	B	0.06%	0.23%	0.06%
VLO	C	0.16%	0.85%	0.16%
VNT	B	0.01%	0.13%	0.01%
VTRS	A	0.14%	0.04%	0.04%
VZ	C	1.0%	0.52%	0.52%
WCC	B	0.09%	0.12%	0.09%
WFC	A	0.97%	1.25%	0.97%
WGO	C	0.01%	0.04%	0.01%
WMK	C	0.01%	0.16%	0.01%
WMS	D	0.02%	0.07%	0.02%
WMT	A	1.71%	0.78%	0.78%
WRB	A	0.02%	0.33%	0.02%
WSM	B	0.18%	0.28%	0.18%
WU	D	0.06%	0.06%	0.06%
XOM	B	0.43%	0.47%	0.43%

MFUS Overweight 578 Positions Relative to VFMF

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
AVGO	D	1.59%
ORCL	B	1.52%
PG	A	1.01%
KO	D	1.0%
AAPL	C	0.96%
AMGN	D	0.94%
UNH	C	0.79%
PEP	F	0.74%
CSCO	B	0.68%
CVS	D	0.65%
HD	A	0.62%
PFE	D	0.57%
GE	D	0.56%
MCD	D	0.53%
NFLX	A	0.52%
UNP	C	0.51%
GS	A	0.41%
BMY	B	0.41%
NOW	A	0.36%
REGN	F	0.36%
LOW	D	0.35%
NOC	D	0.35%
V	A	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%
TMO	F	0.28%
LHX	C	0.26%
ALL	A	0.26%
FICO	B	0.25%
ACN	C	0.25%
PANW	C	0.25%
ANF	C	0.25%
DHR	F	0.24%
GD	F	0.24%
UPS	C	0.24%
AON	A	0.24%
MDLZ	F	0.23%
PLTR	B	0.23%
PRU	A	0.23%
VST	B	0.23%
SHW	A	0.22%
NEE	D	0.22%
ADM	D	0.22%
MS	A	0.22%
VRTX	F	0.22%
UBER	D	0.21%
LII	A	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%
CMG	B	0.2%
BLK	C	0.19%
TSN	B	0.18%
EA	A	0.18%
HWM	A	0.17%
BR	A	0.17%
LRCX	F	0.17%
WSO	A	0.17%
GIS	D	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	B	0.16%
F	C	0.16%
CB	C	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%
KKR	A	0.15%
CME	A	0.14%
CHRW	C	0.14%
CMI	A	0.14%
BX	A	0.13%
SO	D	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
DUK	C	0.13%
JNPR	F	0.13%
RSG	A	0.13%
RPM	A	0.13%
AMT	D	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%
APH	A	0.12%
CLX	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
USB	A	0.11%
WTW	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
ADP	B	0.11%
FOXA	B	0.11%
BDX	F	0.11%
OKE	A	0.1%
COIN	C	0.1%
HLT	A	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
JKHY	D	0.1%
DFS	B	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TFC	A	0.09%
DGX	A	0.09%
CPRT	A	0.09%
TAP	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
ARES	A	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	B	0.09%
TROW	B	0.09%
ADSK	A	0.09%
IP	B	0.09%
EHC	B	0.09%
AVY	D	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%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
ABG	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
ITT	A	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
JCI	C	0.07%
CHD	B	0.07%
CCI	D	0.07%
POOL	C	0.07%
NSC	B	0.07%
D	C	0.07%
MLM	B	0.07%
GEHC	F	0.07%
VNO	B	0.07%
NRG	B	0.07%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
STE	F	0.07%
OTIS	C	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
STZ	D	0.06%
G	B	0.06%
BC	C	0.06%
TW	A	0.06%
SEE	C	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%
CHE	D	0.06%
CCK	C	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
MAS	D	0.06%
SQ	B	0.06%
L	A	0.06%
PK	B	0.06%
TXRH	C	0.06%
TTC	D	0.06%
RGA	A	0.06%
MSM	C	0.06%
OMC	C	0.06%
ROP	B	0.06%
ALNY	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
PRIM	A	0.05%
FLEX	A	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	B	0.05%
SUI	D	0.05%
TGNA	B	0.05%
A	D	0.05%
WST	C	0.05%
GNTX	C	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	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%
SCHW	B	0.05%
ZTS	D	0.05%
LAMR	D	0.05%
IDXX	F	0.05%
GVA	A	0.05%
ANSS	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	D	0.05%
WAB	B	0.05%
MMS	F	0.05%
HSY	F	0.05%
WAT	B	0.05%
SMCI	F	0.05%
ED	D	0.05%
O	D	0.05%
MKC	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%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
CTVA	C	0.04%
AGNC	D	0.04%
BDC	B	0.04%
CLH	B	0.04%
ADBE	C	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
PAYX	C	0.04%
CAG	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
VTR	C	0.04%
RGLD	C	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	0.04%
MAC	B	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
VLTO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
GATX	A	0.04%
HOOD	B	0.04%
JHG	A	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%
DCI	B	0.04%
WERN	C	0.04%
DOV	A	0.04%
MAR	B	0.04%
HXL	D	0.03%
SBAC	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%
KEY	B	0.03%
WPC	D	0.03%
HAE	C	0.03%
UNF	B	0.03%
APAM	B	0.03%
VC	D	0.03%
DK	C	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
FHI	A	0.03%
MRO	B	0.03%
LNC	B	0.03%
AVTR	F	0.03%
RPRX	D	0.03%
BURL	A	0.03%
X	C	0.03%
NTRS	A	0.03%
TER	D	0.03%
UDR	B	0.03%
PLXS	B	0.03%
CDW	F	0.03%
WHR	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	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%
COHR	B	0.03%
FE	C	0.03%
CDP	C	0.03%
RLI	B	0.03%
GGG	B	0.03%
HBAN	A	0.03%
IVZ	B	0.03%
HUBB	B	0.03%
MC	C	0.03%
MASI	A	0.03%
ES	D	0.03%
TPX	B	0.03%
NYT	C	0.03%
ACM	A	0.03%
MORN	B	0.03%
MANH	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%
VSH	D	0.02%
SSNC	B	0.02%
EVRG	A	0.02%
LAUR	A	0.02%
UAL	A	0.02%
KIM	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%
ATO	A	0.02%
BEN	C	0.02%
RF	A	0.02%
WAL	B	0.02%
AXTA	A	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	B	0.02%
NSP	D	0.02%
ODFL	B	0.02%
HST	C	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
XRAY	F	0.02%
WKC	D	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
LNW	D	0.02%
PNR	A	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%
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%
GWRE	A	0.02%
SAM	C	0.02%
CTLT	B	0.02%
PSN	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	0.02%
CINF	A	0.02%
NTCT	C	0.02%
VSCO	B	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%
CCL	B	0.02%
RYN	D	0.02%
AKAM	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
TFX	F	0.02%
GEF	A	0.02%
MSA	D	0.02%
NEU	C	0.02%
GHC	C	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
RKT	F	0.01%
UHAL	D	0.01%
DINO	D	0.01%
SCL	C	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%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	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%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	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%
CVI	F	0.01%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
SAIC	F	0.01%
SIGI	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
NNN	D	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
FLR	B	0.01%
KN	B	0.01%
BBWI	D	0.01%
ESNT	D	0.01%
DXC	B	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
CWEN	C	0.01%
ONB	B	0.01%
WWD	B	0.01%
TTEK	F	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	D	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%
ALGN	D	0.01%
ADC	B	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
SLB	C	0.01%
FR	C	0.01%
DTM	B	0.01%
DEI	B	0.01%
PTEN	C	0.01%
TDC	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 232 Positions Relative to VFMF

Symbol	Grade	Weight
GOOG	C	-0.9%
APO	B	-0.74%
BPOP	B	-0.67%
OFG	B	-0.64%
FDX	B	-0.54%
EOG	A	-0.51%
GOOGL	C	-0.5%
FBP	B	-0.5%
COLL	F	-0.46%
ORI	A	-0.45%
TT	A	-0.44%
AMAL	B	-0.39%
NWS	B	-0.36%
KELYA	F	-0.36%
PRDO	B	-0.34%
EIG	B	-0.34%
CBOE	B	-0.34%
IBOC	A	-0.34%
CPF	A	-0.31%
NMIH	D	-0.31%
CASH	A	-0.3%
NTB	B	-0.3%
ACT	D	-0.29%
GFF	A	-0.29%
PRI	A	-0.28%
SRCE	B	-0.28%
TK	D	-0.27%
FCX	D	-0.26%
EAT	A	-0.26%
TPC	C	-0.26%
FCF	A	-0.25%
PFBC	B	-0.25%
WSFS	A	-0.24%
STT	A	-0.23%
WTTR	B	-0.23%
WFRD	D	-0.22%
MBIN	D	-0.22%
SIGA	F	-0.21%
CVCO	A	-0.2%
AX	A	-0.2%
CAL	D	-0.2%
SPOT	B	-0.2%
ASC	F	-0.2%
AMRX	C	-0.19%
AHCO	F	-0.19%
HWKN	B	-0.19%
BOKF	B	-0.19%
CRM	B	-0.19%
STNG	F	-0.18%
VCTR	B	-0.18%
PLUS	F	-0.18%
TILE	B	-0.18%
BELFB	C	-0.18%
REVG	B	-0.18%
PATK	D	-0.18%
IESC	B	-0.18%
CNOB	B	-0.18%
BLX	C	-0.18%
DLX	B	-0.17%
ALKS	B	-0.17%
CTRA	B	-0.17%
PLAB	C	-0.17%
MRC	B	-0.17%
AIT	A	-0.17%
AGO	B	-0.17%
BV	B	-0.16%
STBA	B	-0.16%
TBBK	B	-0.16%
CF	B	-0.16%
IDT	B	-0.16%
BG	F	-0.16%
GNK	D	-0.16%
PR	B	-0.16%
SXC	A	-0.16%
ASB	B	-0.16%
PFGC	B	-0.15%
CHRD	D	-0.15%
DHT	F	-0.15%
CRC	B	-0.15%
SNA	A	-0.15%
MEDP	D	-0.15%
TNL	A	-0.15%
SCSC	B	-0.15%
CHCO	B	-0.15%
WABC	B	-0.14%
DAKT	B	-0.14%
ETD	C	-0.14%
NR	B	-0.14%
ABCB	B	-0.14%
TNK	F	-0.14%
BBW	B	-0.14%
PUMP	B	-0.14%
ENS	D	-0.14%
LNTH	D	-0.14%
HAFC	A	-0.13%
PCAR	B	-0.13%
SPOK	C	-0.13%
EXPE	B	-0.13%
NMRK	B	-0.13%
INSW	F	-0.12%
PTGX	C	-0.12%
KNTK	B	-0.12%
ROCK	C	-0.12%
BHLB	B	-0.12%
ZEUS	C	-0.12%
FIBK	A	-0.12%
CBU	B	-0.12%
CPRX	C	-0.12%
SSD	D	-0.12%
HWC	B	-0.12%
CTSH	B	-0.12%
UA	C	-0.12%
CYH	F	-0.12%
IMMR	C	-0.12%
AGX	B	-0.12%
SPTN	D	-0.11%
SCHL	D	-0.11%
HALO	F	-0.11%
LPG	F	-0.11%
SBSI	B	-0.11%
CEIX	A	-0.11%
REX	D	-0.11%
AMR	C	-0.11%
ITRI	B	-0.1%
GPC	D	-0.1%
GRBK	D	-0.1%
QCRH	A	-0.1%
WHD	B	-0.1%
FLWS	F	-0.1%
LRN	A	-0.1%
VERX	B	-0.1%
CDNA	D	-0.1%
AZZ	B	-0.1%
CRVL	A	-0.09%
GRND	A	-0.09%
OXM	D	-0.09%
SWKS	F	-0.09%
GPOR	B	-0.09%
WLY	B	-0.09%
DXPE	B	-0.09%
INDB	B	-0.09%
SFNC	B	-0.08%
MTDR	B	-0.08%
ARCB	C	-0.08%
SD	D	-0.08%
HSTM	B	-0.08%
ACCO	C	-0.08%
UPBD	B	-0.08%
DOLE	D	-0.07%
OVV	B	-0.07%
USAP	B	-0.07%
CNA	B	-0.07%
DESP	B	-0.07%
MTUS	C	-0.07%
ZIMV	D	-0.07%
PLPC	B	-0.07%
BBSI	B	-0.07%
HIMS	B	-0.07%
HVT	D	-0.07%
STRL	B	-0.07%
NTGR	B	-0.07%
RES	D	-0.07%
FN	D	-0.06%
NHC	C	-0.06%
UTI	A	-0.06%
GOGL	F	-0.06%
JILL	C	-0.06%
CIVI	D	-0.06%
FRME	B	-0.06%
CATY	B	-0.06%
NAT	F	-0.06%
AGM	C	-0.06%
RNR	C	-0.06%
OSUR	F	-0.05%
TCBI	B	-0.05%
GRNT	B	-0.05%
CLW	F	-0.05%
NOG	A	-0.05%
LBRT	D	-0.05%
UFPT	B	-0.05%
SCVL	F	-0.05%
NX	C	-0.05%
SN	D	-0.05%
ZUMZ	C	-0.05%
SUPN	C	-0.05%
YOU	D	-0.05%
PRK	B	-0.05%
MD	B	-0.05%
ADMA	B	-0.05%
LQDT	B	-0.05%
OSBC	A	-0.05%
LYTS	B	-0.05%
SMLR	B	-0.04%
CTS	C	-0.04%
HOV	D	-0.04%
HEES	B	-0.04%
HSII	B	-0.04%
STGW	B	-0.04%
SXI	B	-0.04%
KFRC	D	-0.04%
MCRI	A	-0.04%
MBUU	C	-0.04%
MGY	A	-0.04%
NSSC	D	-0.04%
TNC	D	-0.04%
WEX	D	-0.04%
PRMW	C	-0.04%
EFSC	B	-0.04%
CRAI	B	-0.04%
ATEN	B	-0.03%
UVSP	B	-0.03%
BSIG	A	-0.03%
BYD	C	-0.03%
PRLB	A	-0.03%
KMT	B	-0.03%
MOV	C	-0.03%
CCRN	F	-0.03%
HFWA	B	-0.03%
BRY	F	-0.03%
EPAC	B	-0.03%
TPL	A	-0.03%
TCBK	B	-0.03%
WNC	C	-0.03%
INGN	C	-0.02%
VRA	F	-0.02%
RGP	F	-0.02%
ATKR	C	-0.02%
BUSE	B	-0.02%
PEBO	A	-0.02%
SB	F	-0.02%
ADTN	A	-0.02%
MBWM	B	-0.02%