MFUS vs. VFMO ETF Comparison

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

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

$50.86

Average Daily Volume

5,340

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance 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 strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. 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

$172.34

Average Daily Volume

37,966

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VFMO
30 Days	-1.04%	3.35%
60 Days	1.72%	7.55%
90 Days	4.04%	10.15%
12 Months	30.11%	45.30%

233 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VFMO	Overlap
AA	A	0.02%	0.02%	0.02%
AFL	C	0.21%	0.49%	0.21%
AIG	C	0.34%	0.03%	0.03%
AIZ	A	0.09%	0.07%	0.07%
AJG	B	0.16%	0.17%	0.16%
ALL	A	0.26%	0.22%	0.22%
ALLY	C	0.05%	0.07%	0.05%
ALNY	D	0.06%	0.2%	0.06%
ALSN	B	0.11%	0.38%	0.11%
ANET	C	0.14%	0.06%	0.06%
ANET	C	0.14%	1.27%	0.14%
ANF	C	0.25%	0.27%	0.25%
APH	B	0.12%	0.72%	0.12%
APP	A	0.11%	0.66%	0.11%
ARES	A	0.09%	0.17%	0.09%
AROC	A	0.04%	0.28%	0.04%
ATGE	B	0.06%	0.14%	0.06%
ATI	C	0.04%	0.12%	0.04%
AVGO	C	1.59%	0.68%	0.68%
AWI	B	0.04%	0.38%	0.04%
AXP	B	0.23%	0.65%	0.23%
AYI	B	0.1%	0.13%	0.1%
BAC	A	0.45%	0.11%	0.11%
BAH	D	0.15%	0.1%	0.1%
BALL	D	0.07%	0.04%	0.04%
BFAM	F	0.02%	0.17%	0.02%
BFH	B	0.06%	0.11%	0.06%
BHE	B	0.02%	0.02%	0.02%
BJ	B	0.03%	0.02%	0.02%
BK	B	0.18%	0.71%	0.18%
BKU	A	0.03%	0.1%	0.03%
BLD	F	0.03%	0.13%	0.03%
BRO	B	0.12%	0.07%	0.07%
BSX	A	0.2%	0.89%	0.2%
BURL	A	0.03%	0.16%	0.03%
C	B	0.69%	1.21%	0.69%
CACI	C	0.09%	0.02%	0.02%
CALM	A	0.09%	0.09%	0.09%
CASY	A	0.16%	0.12%	0.12%
CBSH	A	0.01%	0.11%	0.01%
CFG	B	0.04%	0.19%	0.04%
CL	D	0.35%	0.7%	0.35%
CLH	C	0.04%	0.16%	0.04%
CMG	C	0.2%	0.82%	0.2%
CNM	C	0.01%	0.24%	0.01%
CNO	B	0.05%	0.09%	0.05%
CNX	A	0.07%	0.04%	0.04%
COHR	B	0.03%	0.15%	0.03%
COIN	A	0.1%	0.13%	0.1%
COKE	C	0.03%	0.22%	0.03%
COOP	B	0.05%	0.17%	0.05%
COR	B	0.17%	0.18%	0.17%
COST	A	1.35%	0.89%	0.89%
CPNG	D	0.04%	0.13%	0.04%
CR	A	0.01%	0.22%	0.01%
CRBG	B	0.04%	0.2%	0.04%
CROX	F	0.01%	0.07%	0.01%
CRS	A	0.11%	0.24%	0.11%
CRUS	F	0.04%	0.2%	0.04%
CSL	C	0.02%	0.19%	0.02%
CTAS	B	0.19%	0.73%	0.19%
CVLT	B	0.04%	0.4%	0.04%
CW	B	0.11%	0.14%	0.11%
CXW	B	0.04%	0.08%	0.04%
DDS	B	0.03%	0.02%	0.02%
DECK	A	0.17%	0.33%	0.17%
DELL	B	0.03%	0.36%	0.03%
DHI	D	0.06%	0.77%	0.06%
DKS	D	0.08%	0.17%	0.08%
DORM	B	0.02%	0.07%	0.02%
DTM	A	0.01%	0.12%	0.01%
DVA	C	0.16%	0.38%	0.16%
EHC	B	0.09%	0.22%	0.09%
EME	A	0.04%	0.48%	0.04%
ESAB	C	0.01%	0.16%	0.01%
EVR	B	0.13%	0.2%	0.13%
EWBC	A	0.02%	0.06%	0.02%
EXEL	B	0.05%	0.0%	0.0%
EXP	B	0.07%	0.13%	0.07%
FANG	D	0.05%	0.29%	0.05%
FCNCA	A	0.06%	0.1%	0.06%
FHN	A	0.01%	0.02%	0.01%
FICO	B	0.25%	0.23%	0.23%
FITB	B	0.04%	0.34%	0.04%
FIX	A	0.06%	0.35%	0.06%
FNF	A	0.03%	0.05%	0.03%
FTI	A	0.04%	0.19%	0.04%
GAP	D	0.06%	0.1%	0.06%
GBX	B	0.04%	0.02%	0.02%
GD	D	0.24%	0.26%	0.24%
GDDY	A	0.12%	0.37%	0.12%
GE	D	0.56%	1.14%	0.56%
GEO	A	0.07%	0.08%	0.07%
GM	B	0.4%	0.35%	0.35%
GMS	B	0.03%	0.05%	0.03%
GOLF	B	0.01%	0.02%	0.01%
GPI	B	0.09%	0.03%	0.03%
GS	B	0.41%	0.18%	0.18%
GWRE	A	0.02%	0.2%	0.02%
GWW	B	0.21%	0.17%	0.17%
HBAN	B	0.03%	0.35%	0.03%
HCA	F	0.25%	0.72%	0.25%
HCC	B	0.07%	0.11%	0.07%
HEI	A	0.04%	0.08%	0.04%
HIG	B	0.06%	0.19%	0.06%
HLT	A	0.1%	0.3%	0.1%
HNI	B	0.02%	0.11%	0.02%
HOOD	A	0.04%	0.2%	0.04%
HRB	D	0.08%	0.12%	0.08%
HUBB	B	0.03%	0.02%	0.02%
HWM	A	0.17%	0.07%	0.07%
IBKR	A	0.06%	0.13%	0.06%
IBM	C	1.05%	0.21%	0.21%
IFF	D	0.03%	0.05%	0.03%
INGR	B	0.07%	0.14%	0.07%
IP	A	0.09%	0.06%	0.06%
ISRG	A	0.29%	0.7%	0.29%
IT	C	0.15%	0.05%	0.05%
JEF	A	0.03%	0.15%	0.03%
JLL	D	0.06%	0.21%	0.06%
JPM	A	0.99%	0.02%	0.02%
JXN	C	0.1%	0.22%	0.1%
KBH	D	0.03%	0.3%	0.03%
KD	A	0.05%	0.18%	0.05%
KEX	B	0.02%	0.17%	0.02%
KKR	A	0.15%	1.17%	0.15%
KLAC	F	0.23%	0.94%	0.23%
KMPR	A	0.03%	0.02%	0.02%
KTB	A	0.06%	0.08%	0.06%
LAUR	A	0.02%	0.07%	0.02%
LDOS	C	0.11%	0.2%	0.11%
LEN	D	0.06%	0.05%	0.05%
LII	A	0.21%	0.13%	0.13%
LLY	F	2.39%	1.07%	1.07%
LMT	D	0.75%	0.33%	0.33%
LNW	F	0.02%	0.12%	0.02%
LOPE	B	0.05%	0.03%	0.03%
LPX	B	0.08%	0.2%	0.08%
LUMN	C	0.06%	0.13%	0.06%
M	D	0.02%	0.03%	0.02%
MATX	B	0.03%	0.11%	0.03%
MCK	A	0.63%	0.63%	0.63%
MCY	B	0.02%	0.17%	0.02%
META	C	2.35%	1.15%	1.15%
MHK	D	0.01%	0.31%	0.01%
MLI	B	0.09%	0.1%	0.09%
MLKN	F	0.01%	0.16%	0.01%
MMM	D	0.6%	0.77%	0.6%
MO	A	0.73%	0.18%	0.18%
MOG.A	B	0.05%	0.17%	0.05%
MPWR	F	0.06%	0.26%	0.06%
MSA	D	0.02%	0.02%	0.02%
MSI	B	0.2%	0.27%	0.2%
MTB	A	0.04%	0.37%	0.04%
MTG	D	0.02%	0.11%	0.02%
MUSA	B	0.16%	0.19%	0.16%
NEM	D	0.16%	0.46%	0.16%
NEU	D	0.02%	0.09%	0.02%
NFLX	A	0.52%	1.12%	0.52%
NTAP	C	0.1%	0.39%	0.1%
NVDA	A	1.9%	0.71%	0.71%
NVR	D	0.09%	0.12%	0.09%
NWSA	B	0.04%	0.03%	0.03%
OC	A	0.02%	0.03%	0.02%
OMF	A	0.03%	0.08%	0.03%
OSIS	A	0.02%	0.04%	0.02%
PFSI	C	0.02%	0.03%	0.02%
PGR	B	0.59%	0.97%	0.59%
PH	B	0.14%	0.2%	0.14%
PHIN	B	0.02%	0.1%	0.02%
PHM	D	0.1%	0.19%	0.1%
PLTR	A	0.23%	0.66%	0.23%
PM	A	0.87%	0.27%	0.27%
PNC	B	0.12%	0.37%	0.12%
PNR	B	0.02%	0.09%	0.02%
PPC	B	0.01%	0.22%	0.01%
PRG	C	0.03%	0.03%	0.03%
PRIM	A	0.05%	0.12%	0.05%
PSN	C	0.02%	0.16%	0.02%
PSTG	F	0.04%	0.32%	0.04%
PWR	A	0.12%	0.09%	0.09%
RCL	A	0.1%	0.27%	0.1%
RDN	D	0.01%	0.07%	0.01%
REGN	F	0.36%	0.54%	0.36%
RGA	B	0.06%	0.07%	0.06%
RKT	F	0.01%	0.16%	0.01%
RL	C	0.03%	0.18%	0.03%
RMD	C	0.16%	0.2%	0.16%
RTX	D	0.22%	0.79%	0.22%
SCCO	F	0.0%	0.18%	0.0%
SCS	B	0.01%	0.11%	0.01%
SEM	B	0.04%	0.1%	0.04%
SFM	A	0.25%	0.57%	0.25%
SHOO	D	0.03%	0.04%	0.03%
SKX	F	0.02%	0.19%	0.02%
SKYW	B	0.07%	0.34%	0.07%
SLM	B	0.06%	0.16%	0.06%
SLVM	C	0.04%	0.1%	0.04%
SNV	B	0.02%	0.16%	0.02%
SPB	C	0.01%	0.05%	0.01%
STC	B	0.02%	0.31%	0.02%
T	A	0.73%	1.02%	0.73%
TDG	D	0.15%	0.76%	0.15%
TDS	B	0.05%	0.11%	0.05%
TFC	A	0.09%	0.73%	0.09%
THC	C	0.28%	0.22%	0.22%
TJX	A	0.37%	0.27%	0.27%
TMUS	B	0.43%	0.57%	0.43%
TOL	B	0.06%	0.19%	0.06%
TRGP	A	0.11%	0.21%	0.11%
TRN	A	0.04%	0.03%	0.03%
TTEK	F	0.01%	0.13%	0.01%
TYL	B	0.08%	0.06%	0.06%
UBER	F	0.21%	0.03%	0.03%
UHAL	D	0.01%	0.03%	0.01%
UHAL	D	0.01%	0.03%	0.01%
UHS	D	0.06%	0.2%	0.06%
URI	B	0.09%	0.26%	0.09%
USFD	A	0.05%	0.06%	0.05%
UTHR	C	0.19%	0.2%	0.19%
VIRT	A	0.06%	0.12%	0.06%
VRTX	D	0.22%	0.57%	0.22%
WAB	B	0.05%	0.23%	0.05%
WAL	B	0.02%	0.06%	0.02%
WMB	A	0.1%	0.02%	0.02%
WMT	A	1.71%	0.66%	0.66%
WRB	B	0.02%	0.1%	0.02%
WSM	D	0.18%	0.22%	0.18%
WSO	A	0.17%	0.08%	0.08%
WTFC	B	0.01%	0.15%	0.01%
WTW	B	0.11%	0.32%	0.11%
WWD	B	0.01%	0.09%	0.01%
XPO	B	0.04%	0.23%	0.04%

MFUS Overweight 583 Positions Relative to VFMO

Symbol	Grade	Weight
BRK.A	B	2.42%
AMZN	B	1.71%
ORCL	A	1.52%
ABBV	F	1.36%
JNJ	D	1.18%
PG	C	1.01%
VZ	C	1.0%
KO	D	1.0%
WFC	A	0.97%
AAPL	C	0.96%
AMGN	D	0.94%
GILD	C	0.87%
MRK	F	0.84%
UNH	C	0.79%
QCOM	F	0.77%
PEP	F	0.74%
TGT	B	0.74%
CSCO	B	0.68%
CVS	F	0.65%
HD	A	0.62%
PFE	F	0.57%
AMAT	F	0.55%
MCD	D	0.53%
UNP	D	0.51%
XOM	B	0.43%
BKNG	A	0.42%
BMY	A	0.41%
CVX	A	0.39%
KR	B	0.38%
NOW	B	0.36%
EBAY	D	0.36%
LOW	C	0.35%
NOC	D	0.35%
MPC	D	0.34%
MET	A	0.32%
V	A	0.31%
SYF	B	0.31%
CHTR	B	0.3%
ICE	C	0.29%
TXN	C	0.29%
COF	B	0.29%
SPGI	D	0.29%
WM	B	0.28%
MA	B	0.28%
HPQ	B	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
LHX	B	0.26%
ACN	C	0.25%
PANW	B	0.25%
DHR	D	0.24%
UPS	C	0.24%
AON	B	0.24%
MDLZ	F	0.23%
PSX	C	0.23%
PRU	B	0.23%
VST	A	0.23%
SHW	C	0.22%
NEE	C	0.22%
ADM	D	0.22%
MS	A	0.22%
BBY	D	0.21%
MMC	D	0.2%
GLW	B	0.2%
INTC	C	0.2%
TRV	A	0.2%
ORLY	B	0.2%
CAT	C	0.2%
FI	A	0.19%
BLK	B	0.19%
TSN	B	0.18%
AMP	A	0.18%
EA	A	0.18%
BR	B	0.17%
LRCX	F	0.17%
GIS	F	0.17%
ELV	F	0.16%
MU	D	0.16%
F	C	0.16%
CB	C	0.16%
VLO	C	0.16%
KMB	C	0.16%
SPG	A	0.16%
CMCSA	B	0.16%
VRSK	B	0.16%
MCO	D	0.15%
KHC	F	0.15%
K	B	0.15%
LYB	F	0.15%
CME	A	0.14%
CHRW	B	0.14%
CMI	A	0.14%
VTRS	A	0.14%
BX	A	0.13%
SO	C	0.13%
DPZ	C	0.13%
FAST	B	0.13%
DUK	C	0.13%
JNPR	D	0.13%
RSG	A	0.13%
RPM	B	0.13%
AMT	D	0.13%
CI	D	0.13%
YUM	D	0.13%
IRM	C	0.12%
WELL	A	0.12%
WBA	F	0.12%
SYY	D	0.12%
PYPL	B	0.12%
CLX	A	0.12%
GEN	B	0.11%
CEG	C	0.11%
KMI	A	0.11%
EXPD	D	0.11%
USB	B	0.11%
HPE	B	0.11%
DASH	A	0.11%
EFX	F	0.11%
EXR	C	0.11%
BWXT	A	0.11%
CSX	C	0.11%
TSCO	D	0.11%
ADP	B	0.11%
FOXA	B	0.11%
BDX	F	0.11%
OKE	A	0.1%
PKG	B	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%
DGX	A	0.09%
CPRT	B	0.09%
TAP	B	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
WCC	B	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	A	0.09%
TROW	B	0.09%
ADSK	B	0.09%
TMHC	B	0.09%
AVY	D	0.09%
PSA	C	0.09%
SBUX	A	0.09%
BKR	B	0.08%
AEP	C	0.08%
WDC	F	0.08%
AOS	F	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
NUE	D	0.08%
GPK	D	0.08%
ABG	B	0.08%
ATR	B	0.08%
MTD	F	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	B	0.07%
EXC	C	0.07%
SCI	A	0.07%
LPLA	A	0.07%
UFPI	C	0.07%
JCI	B	0.07%
CHD	A	0.07%
CCI	C	0.07%
COP	B	0.07%
BCC	C	0.07%
POOL	D	0.07%
NSC	B	0.07%
D	C	0.07%
MLM	B	0.07%
GEHC	D	0.07%
VNO	C	0.07%
THO	C	0.07%
NRG	B	0.07%
R	B	0.07%
FTNT	B	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	D	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	D	0.06%
TW	A	0.06%
SEE	D	0.06%
TPH	D	0.06%
LECO	C	0.06%
NKE	F	0.06%
GNRC	B	0.06%
CPT	C	0.06%
BERY	D	0.06%
CHE	F	0.06%
CCK	D	0.06%
CMC	B	0.06%
PEG	C	0.06%
MTH	D	0.06%
MAS	D	0.06%
WU	F	0.06%
SQ	A	0.06%
L	A	0.06%
PK	D	0.06%
TXRH	B	0.06%
TTC	F	0.06%
FFIV	B	0.06%
AMG	C	0.06%
AN	D	0.06%
MSM	D	0.06%
OMC	C	0.06%
ROP	C	0.06%
NFG	A	0.05%
FLEX	B	0.05%
THG	A	0.05%
AR	B	0.05%
ETR	A	0.05%
NSIT	F	0.05%
URBN	C	0.05%
SUI	C	0.05%
TGNA	B	0.05%
A	F	0.05%
WST	D	0.05%
GNTX	F	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	0.05%
CARR	D	0.05%
CRI	F	0.05%
SLGN	A	0.05%
EIX	C	0.05%
POST	C	0.05%
SCHW	A	0.05%
ZTS	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
IDXX	F	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
WEN	C	0.05%
FCN	F	0.05%
MMS	D	0.05%
HSY	F	0.05%
WAT	C	0.05%
SMCI	F	0.05%
BTU	C	0.05%
ED	C	0.05%
O	C	0.05%
MKC	D	0.05%
SON	F	0.04%
AVT	C	0.04%
OSK	C	0.04%
LANC	D	0.04%
TKR	F	0.04%
EQR	C	0.04%
PPL	A	0.04%
AMH	C	0.04%
ESS	A	0.04%
INVH	D	0.04%
SMG	C	0.04%
JWN	C	0.04%
CTVA	C	0.04%
AGNC	C	0.04%
BDC	B	0.04%
FLO	D	0.04%
ADBE	D	0.04%
WH	B	0.04%
ELS	B	0.04%
FL	F	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	F	0.04%
PAYX	B	0.04%
ARW	F	0.04%
CAG	F	0.04%
RUSHA	B	0.04%
SANM	B	0.04%
VTR	B	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	F	0.04%
CUBE	C	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	B	0.04%
OGN	F	0.04%
BHF	C	0.04%
IPG	F	0.04%
STLD	B	0.04%
MAC	A	0.04%
CPB	D	0.04%
HUBG	A	0.04%
VLTO	C	0.04%
SIG	C	0.04%
MHO	D	0.04%
CNC	F	0.04%
ZBRA	B	0.04%
GATX	B	0.04%
JHG	B	0.04%
CMA	B	0.04%
UNM	A	0.04%
RS	B	0.04%
PPG	F	0.04%
ABM	B	0.04%
NDSN	D	0.04%
ERIE	F	0.04%
DCI	B	0.04%
WERN	B	0.04%
DOV	B	0.04%
MAR	B	0.04%
RRC	B	0.03%
HXL	F	0.03%
SBAC	D	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
LZB	B	0.03%
KEY	B	0.03%
WPC	C	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	D	0.03%
AMKR	F	0.03%
COLD	F	0.03%
LBRDK	C	0.03%
DRI	C	0.03%
BKE	B	0.03%
FHI	B	0.03%
MRO	A	0.03%
LNC	B	0.03%
AVTR	F	0.03%
RPRX	F	0.03%
X	C	0.03%
NTRS	A	0.03%
TER	F	0.03%
UDR	C	0.03%
PLXS	B	0.03%
CDW	F	0.03%
WHR	B	0.03%
CG	B	0.03%
OI	D	0.03%
APLE	B	0.03%
ASO	F	0.03%
JBL	C	0.03%
AVB	B	0.03%
AVA	C	0.03%
DBRG	F	0.03%
CMS	C	0.03%
LW	C	0.03%
HSIC	C	0.03%
HOLX	D	0.03%
FE	C	0.03%
CDP	C	0.03%
RLI	A	0.03%
GGG	B	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	C	0.03%
IVZ	C	0.03%
CPAY	A	0.03%
MC	B	0.03%
MASI	B	0.03%
ES	C	0.03%
TPX	B	0.03%
NYT	D	0.03%
ACM	B	0.03%
MORN	B	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	B	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	F	0.02%
SSNC	C	0.02%
EVRG	A	0.02%
UAL	A	0.02%
KIM	A	0.02%
SF	B	0.02%
BRKR	F	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%
AXTA	B	0.02%
ANDE	F	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	C	0.02%
DOW	F	0.02%
NSP	F	0.02%
HP	C	0.02%
VFC	C	0.02%
ODFL	B	0.02%
HST	D	0.02%
DNOW	B	0.02%
DTE	C	0.02%
LAD	B	0.02%
REZI	A	0.02%
PMT	D	0.02%
XRAY	D	0.02%
WKC	D	0.02%
HRL	D	0.02%
SNDR	B	0.02%
NAVI	F	0.02%
WMS	F	0.02%
EPC	F	0.02%
MAA	A	0.02%
LNT	A	0.02%
AGCO	F	0.02%
KBR	F	0.02%
JBLU	F	0.02%
VVV	D	0.02%
THS	F	0.02%
RHI	C	0.02%
CC	D	0.02%
DLB	F	0.02%
NWL	B	0.02%
OHI	B	0.02%
MDU	D	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
APOG	B	0.02%
SAM	C	0.02%
CTLT	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
MKTX	D	0.02%
CINF	A	0.02%
NTCT	C	0.02%
VSCO	A	0.02%
AIR	B	0.02%
HOG	F	0.02%
CE	F	0.02%
FAF	C	0.02%
SBH	B	0.02%
PAG	B	0.02%
HII	F	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	A	0.02%
RYN	D	0.02%
AKAM	F	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
TFX	F	0.02%
GEF	B	0.02%
GHC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
NOV	D	0.01%
KNX	B	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	D	0.01%
IGT	F	0.01%
CACC	F	0.01%
PARA	D	0.01%
RVTY	D	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	D	0.01%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	C	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	C	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	D	0.01%
WGO	D	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
SWX	A	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	D	0.01%
MOS	D	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
PFG	C	0.01%
SIGI	B	0.01%
LEA	F	0.01%
WAFD	B	0.01%
BRC	C	0.01%
DY	C	0.01%
NNN	C	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	F	0.01%
WMK	B	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	C	0.01%
ESNT	D	0.01%
TPR	B	0.01%
DXC	D	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%
ONB	B	0.01%
MUR	F	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	F	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	C	0.01%
CADE	B	0.01%
PSMT	D	0.01%
ALGN	D	0.01%
ADC	A	0.01%
H	B	0.01%
SATS	C	0.01%
RBC	A	0.01%
BWA	D	0.01%
SLB	C	0.01%
FR	C	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
VNT	C	0.01%
TDC	D	0.01%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 343 Positions Relative to VFMO

Symbol	Grade	Weight
TT	A	-0.94%
SPOT	B	-0.52%
VRT	A	-0.48%
WING	D	-0.47%
NTRA	A	-0.4%
NU	C	-0.37%
BPOP	C	-0.33%
CVNA	A	-0.33%
GRMN	B	-0.32%
FBP	B	-0.31%
INSM	C	-0.3%
AXS	A	-0.28%
PCVX	D	-0.28%
VITL	D	-0.27%
ADMA	C	-0.26%
IESC	A	-0.26%
POWL	C	-0.26%
FRPT	A	-0.26%
GKOS	A	-0.26%
SN	D	-0.25%
ORI	A	-0.23%
SMMT	D	-0.23%
TPG	A	-0.23%
DHT	D	-0.22%
EWTX	C	-0.22%
ASPN	F	-0.22%
LRN	A	-0.22%
MSTR	A	-0.22%
CSWI	A	-0.21%
OSCR	C	-0.21%
REVG	B	-0.2%
BKD	F	-0.2%
AGO	A	-0.2%
AZZ	A	-0.2%
INVA	C	-0.2%
LMB	A	-0.2%
CDE	C	-0.2%
BRBR	A	-0.2%
AXON	A	-0.19%
VCTR	B	-0.19%
HALO	F	-0.19%
NPAB	F	-0.19%
BPMC	C	-0.19%
GFF	B	-0.18%
BLBD	F	-0.18%
VKTX	F	-0.18%
LNTH	F	-0.18%
HIMS	C	-0.17%
TNK	F	-0.17%
RSI	B	-0.17%
PI	D	-0.17%
AVAV	C	-0.17%
SFL	D	-0.17%
EVER	F	-0.16%
CRDO	B	-0.16%
RNA	C	-0.16%
ACGL	D	-0.16%
SKWD	A	-0.16%
WULF	C	-0.16%
TPC	C	-0.16%
APLT	C	-0.16%
LBPH	A	-0.16%
ENSG	D	-0.15%
CRNX	C	-0.15%
STRL	A	-0.15%
OWL	A	-0.15%
UMBF	B	-0.15%
CASH	B	-0.15%
INSW	F	-0.15%
TREE	F	-0.15%
TNDM	F	-0.15%
AMRX	C	-0.15%
JANX	C	-0.15%
SGBX	F	-0.15%
ZETA	D	-0.14%
RVMD	B	-0.14%
COMP	B	-0.14%
HL	C	-0.14%
ROAD	A	-0.14%
SMR	A	-0.13%
HWKN	B	-0.13%
AIT	B	-0.13%
CDRE	F	-0.13%
DYN	F	-0.13%
MOD	A	-0.13%
PNTG	D	-0.13%
VERA	C	-0.13%
NHC	B	-0.13%
IBP	F	-0.13%
ANAB	F	-0.13%
YMAB	F	-0.13%
MEDP	D	-0.13%
IMNM	F	-0.12%
AMSC	C	-0.12%
RUN	F	-0.12%
ABUS	D	-0.12%
EOLS	F	-0.12%
PTGX	D	-0.12%
GRBK	D	-0.12%
PAHC	B	-0.12%
COLL	F	-0.12%
PTVE	B	-0.12%
PHAT	F	-0.12%
CDNA	D	-0.12%
UTI	A	-0.12%
GPOR	A	-0.12%
BV	C	-0.12%
RYTM	C	-0.12%
BGC	C	-0.12%
NR	C	-0.11%
RXST	F	-0.11%
PRMW	C	-0.11%
AGX	B	-0.11%
ETN	B	-0.11%
PRI	A	-0.11%
LQDA	F	-0.11%
IBCP	B	-0.11%
HASI	F	-0.11%
TPB	A	-0.11%
CPF	B	-0.11%
TDW	F	-0.11%
PRK	B	-0.11%
NNBR	C	-0.11%
CNK	A	-0.11%
NUVL	D	-0.11%
ANNX	F	-0.11%
LTH	C	-0.1%
GBCI	B	-0.1%
ITGR	B	-0.1%
HCI	C	-0.1%
LPG	F	-0.1%
KRYS	C	-0.1%
ACLX	C	-0.1%
SPRY	C	-0.1%
SOUN	C	-0.1%
HROW	D	-0.1%
PRDO	B	-0.1%
MAX	F	-0.1%
NRIX	C	-0.1%
ZIMV	F	-0.1%
OCUL	C	-0.1%
TMDX	F	-0.1%
ALHC	C	-0.1%
CADL	F	-0.1%
VERX	A	-0.1%
NVAX	F	-0.1%
UWMC	D	-0.1%
PRCT	B	-0.1%
TNC	F	-0.1%
RVLV	B	-0.1%
ACIC	B	-0.1%
AMAL	B	-0.1%
TILE	B	-0.1%
AQST	D	-0.1%
CBZ	B	-0.09%
TWST	F	-0.09%
FG	B	-0.09%
OII	B	-0.09%
SAVA	C	-0.09%
PLSE	C	-0.09%
HUMA	F	-0.09%
GOGL	C	-0.09%
SPNT	A	-0.09%
CRAI	B	-0.09%
DOLE	D	-0.09%
HY	D	-0.09%
NPO	A	-0.09%
GNK	D	-0.09%
SHAK	C	-0.09%
BELFB	C	-0.09%
STBA	B	-0.09%
UVE	A	-0.09%
GRND	A	-0.09%
BLX	B	-0.08%
CENX	B	-0.08%
PFBC	B	-0.08%
OFG	B	-0.08%
MNMD	C	-0.08%
CGEM	F	-0.08%
RYAN	B	-0.08%
GERN	F	-0.08%
EGY	F	-0.08%
CECO	C	-0.08%
STNG	D	-0.08%
NBTB	B	-0.08%
NKTX	F	-0.08%
AM	A	-0.08%
QNST	C	-0.08%
CMPR	F	-0.08%
RDNT	B	-0.08%
PRM	B	-0.08%
TK	D	-0.08%
AORT	B	-0.08%
MTX	C	-0.08%
IBOC	B	-0.08%
OCGN	F	-0.08%
ALKT	B	-0.08%
PATK	D	-0.08%
UFPT	C	-0.07%
AGIO	C	-0.07%
INOD	B	-0.07%
SXI	B	-0.07%
AGYS	A	-0.07%
AOSL	C	-0.07%
USAP	A	-0.07%
CHCO	B	-0.07%
CNA	C	-0.07%
ICFI	F	-0.07%
KURA	F	-0.07%
GCI	D	-0.07%
KALV	F	-0.07%
STOK	D	-0.07%
VRNS	D	-0.06%
KLG	D	-0.06%
SWTX	C	-0.06%
NMRK	B	-0.06%
HRTX	F	-0.06%
SIGA	F	-0.06%
TKO	A	-0.06%
CSTL	C	-0.06%
LRMR	D	-0.06%
NVRI	F	-0.06%
NUVB	C	-0.06%
VSEC	B	-0.06%
SFBS	B	-0.06%
REX	D	-0.06%
OSW	B	-0.06%
ACVA	A	-0.06%
CBOE	C	-0.06%
TGTX	B	-0.06%
ADUS	D	-0.06%
DAKT	B	-0.06%
VNDA	C	-0.05%
TSHA	D	-0.05%
ARLO	C	-0.05%
FBK	B	-0.05%
IDYA	F	-0.05%
CRVL	A	-0.05%
ACT	D	-0.05%
NTNX	B	-0.05%
WDFC	B	-0.05%
FSS	B	-0.05%
PBI	B	-0.05%
CRMD	C	-0.05%
AGM	B	-0.05%
NBHC	B	-0.05%
SRCE	B	-0.05%
STEP	B	-0.05%
HRTG	C	-0.05%
BAND	D	-0.05%
DXPE	B	-0.04%
SPOK	B	-0.04%
TERN	F	-0.04%
HNST	A	-0.04%
FN	B	-0.04%
NSSC	F	-0.04%
CYH	F	-0.04%
IDT	B	-0.04%
AX	B	-0.04%
TFIN	B	-0.04%
ELEV	D	-0.04%
VCEL	A	-0.04%
OUST	C	-0.04%
CENT	C	-0.04%
EU	D	-0.04%
OLLI	D	-0.04%
TPL	A	-0.04%
TRMK	B	-0.04%
UVSP	B	-0.04%
APPF	C	-0.04%
CAL	F	-0.04%
KTOS	C	-0.04%
FULT	B	-0.04%
GABC	B	-0.04%
RYAM	C	-0.04%
CLSK	C	-0.04%
ARQT	C	-0.04%
MBWM	B	-0.03%
DJCO	B	-0.03%
ITOS	F	-0.03%
MBIN	F	-0.03%
QTWO	B	-0.03%
WVE	C	-0.03%
EPAC	B	-0.03%
ELVN	C	-0.03%
SB	D	-0.03%
MIR	A	-0.03%
SAFT	B	-0.03%
SCVL	F	-0.03%
BLND	A	-0.03%
WWW	A	-0.03%
REAX	C	-0.03%
NMIH	D	-0.03%
TOWN	B	-0.03%
HOV	D	-0.03%
EAT	A	-0.03%
ACIW	B	-0.03%
CTS	C	-0.03%
CMRE	B	-0.03%
INO	F	-0.03%
TGI	A	-0.03%
LMAT	A	-0.03%
IMMR	F	-0.03%
DFIN	D	-0.03%
PACK	C	-0.03%
FCF	B	-0.03%
SRRK	B	-0.02%
ABSI	F	-0.02%
GTES	A	-0.02%
BDTX	F	-0.02%
DCO	B	-0.02%
MDGL	C	-0.02%
INGN	C	-0.02%
DAWN	D	-0.02%
SVRA	F	-0.02%
ASC	D	-0.02%
HEAR	C	-0.02%
BRCC	F	-0.02%
LXRX	F	-0.02%
LBRT	F	-0.02%
LFMD	C	-0.02%
PFGC	B	-0.02%
THR	B	-0.02%
ATEX	F	-0.02%
SPNS	F	-0.02%
HLX	C	-0.02%
ITRI	B	-0.02%
AIOT	A	-0.02%
METC	C	-0.02%
FOR	F	-0.02%
FNKO	D	-0.02%
MRSN	C	-0.02%
PLMR	A	-0.02%
ANIP	D	-0.02%
QCRH	B	-0.02%
CELC	F	-0.02%
SCSC	B	-0.02%
USLM	A	-0.02%
ROST	D	-0.02%
AAON	B	-0.02%
PAR	A	-0.02%
EFSC	B	-0.02%
APEI	B	-0.0%