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

$49.61

Average Daily Volume

7,444

Number of Holdings ^*

780

* 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

$157.27

Average Daily Volume

27,050

Number of Holdings ^*

580

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VFMO
30 Days	2.33%	4.47%
60 Days	2.78%	1.86%
90 Days	4.19%	3.98%
12 Months	26.86%	35.65%

245 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VFMO	Overlap
ACA	C	0.03%	0.05%	0.03%
AEO	F	0.09%	0.08%	0.08%
AFL	B	0.19%	0.07%	0.07%
AIG	D	0.42%	0.33%	0.33%
AIR	C	0.02%	0.06%	0.02%
AIT	C	0.02%	0.16%	0.02%
AIZ	C	0.07%	0.18%	0.07%
AJG	A	0.09%	0.18%	0.09%
ALL	A	0.36%	0.21%	0.21%
ALLY	F	0.1%	0.08%	0.08%
ALSN	B	0.08%	0.34%	0.08%
AMAT	D	0.44%	0.57%	0.44%
AMWD	C	0.01%	0.11%	0.01%
AMZN	C	1.27%	0.79%	0.79%
ANDE	D	0.02%	0.07%	0.02%
ANET	C	0.12%	0.06%	0.06%
ANET	C	0.12%	1.31%	0.12%
ANF	D	0.26%	0.25%	0.25%
AOS	D	0.11%	0.05%	0.05%
APG	D	0.03%	0.16%	0.03%
APH	D	0.1%	0.58%	0.1%
APO	C	0.1%	0.9%	0.1%
APP	B	0.03%	0.31%	0.03%
ARCH	D	0.01%	0.03%	0.01%
ARES	C	0.09%	0.16%	0.09%
AROC	D	0.03%	0.36%	0.03%
ATGE	D	0.05%	0.15%	0.05%
ATI	D	0.05%	0.11%	0.05%
AVGO	C	1.34%	1.34%	1.34%
AWI	C	0.03%	0.37%	0.03%
AXP	B	0.19%	0.45%	0.19%
AYI	B	0.07%	0.13%	0.07%
BAH	B	0.14%	0.1%	0.1%
BALL	C	0.07%	0.04%	0.04%
BCC	C	0.06%	0.15%	0.06%
BHE	C	0.01%	0.02%	0.01%
BKNG	B	0.47%	0.29%	0.29%
BKU	C	0.03%	0.11%	0.03%
BLD	D	0.03%	0.14%	0.03%
BLDR	C	0.04%	0.18%	0.04%
BRO	B	0.13%	0.07%	0.07%
BSX	B	0.19%	0.53%	0.19%
BX	A	0.23%	0.16%	0.16%
C	D	1.22%	0.85%	0.85%
CACC	F	0.01%	0.15%	0.01%
CACI	B	0.09%	0.02%	0.02%
CADE	C	0.01%	0.15%	0.01%
CAH	B	0.35%	0.07%	0.07%
CARR	A	0.12%	0.15%	0.12%
CASY	C	0.15%	0.13%	0.13%
CAT	C	0.41%	0.34%	0.34%
CHRD	F	0.02%	0.03%	0.02%
CLH	B	0.04%	0.17%	0.04%
CMG	C	0.22%	0.85%	0.22%
CNM	F	0.01%	0.3%	0.01%
CNX	B	0.06%	0.03%	0.03%
COIN	F	0.06%	0.18%	0.06%
COKE	C	0.03%	0.1%	0.03%
COOP	B	0.04%	0.17%	0.04%
COST	B	1.21%	0.54%	0.54%
CPAY	C	0.05%	0.06%	0.05%
CPRT	F	0.19%	0.14%	0.14%
CR	C	0.01%	0.23%	0.01%
CRBG	D	0.04%	0.23%	0.04%
CRM	D	0.35%	0.34%	0.34%
CRS	B	0.1%	0.1%	0.1%
CSL	C	0.01%	0.19%	0.01%
CW	B	0.08%	0.13%	0.08%
CXW	D	0.02%	0.1%	0.02%
DASH	C	0.09%	0.09%	0.09%
DDS	D	0.03%	0.04%	0.03%
DECK	C	0.17%	0.38%	0.17%
DKS	D	0.09%	0.2%	0.09%
DPZ	D	0.18%	0.18%	0.18%
DVA	A	0.18%	0.2%	0.18%
EHC	B	0.08%	0.11%	0.08%
ELAN	D	0.01%	0.08%	0.01%
EME	A	0.03%	0.44%	0.03%
ESAB	C	0.01%	0.16%	0.01%
ETN	C	0.18%	0.86%	0.18%
EVR	B	0.12%	0.19%	0.12%
EWBC	D	0.02%	0.2%	0.02%
EXEL	A	0.02%	0.04%	0.02%
EXP	A	0.05%	0.13%	0.05%
FANG	F	0.04%	0.37%	0.04%
FCNCA	D	0.05%	0.25%	0.05%
FCX	D	0.09%	0.12%	0.09%
FHN	C	0.01%	0.22%	0.01%
FICO	A	0.22%	0.2%	0.2%
FITB	B	0.05%	0.34%	0.05%
FIX	B	0.05%	0.31%	0.05%
FNF	B	0.03%	0.05%	0.03%
FTI	D	0.1%	0.22%	0.1%
FYBR	C	0.01%	0.12%	0.01%
GAP	F	0.07%	0.12%	0.07%
GBX	C	0.03%	0.1%	0.03%
GE	A	1.09%	1.09%	1.09%
GEO	D	0.04%	0.1%	0.04%
GM	C	0.56%	0.28%	0.28%
GMS	C	0.03%	0.05%	0.03%
GNW	B	0.04%	0.09%	0.04%
GOLF	D	0.01%	0.03%	0.01%
GPI	B	0.09%	0.03%	0.03%
GWRE	A	0.02%	0.17%	0.02%
GWW	B	0.17%	0.17%	0.17%
HCC	D	0.06%	0.12%	0.06%
HLT	B	0.08%	0.32%	0.08%
HNI	C	0.02%	0.1%	0.02%
HOOD	C	0.03%	0.22%	0.03%
HRB	C	0.09%	0.11%	0.09%
HUBB	B	0.08%	0.13%	0.08%
IBKR	B	0.05%	0.13%	0.05%
IBM	A	1.32%	0.18%	0.18%
INTU	C	0.26%	0.05%	0.05%
IT	B	0.16%	0.06%	0.06%
JEF	B	0.03%	0.08%	0.03%
JELD	D	0.01%	0.05%	0.01%
JPM	D	0.9%	0.37%	0.37%
JXN	B	0.09%	0.18%	0.09%
KALU	D	0.01%	0.02%	0.01%
KD	D	0.06%	0.11%	0.06%
KEX	C	0.01%	0.02%	0.01%
KEY	B	0.02%	0.32%	0.02%
KKR	B	0.13%	1.06%	0.13%
KLAC	D	0.23%	0.82%	0.23%
KMPR	D	0.02%	0.02%	0.02%
KTB	A	0.05%	0.07%	0.05%
LAUR	C	0.01%	0.07%	0.01%
LDOS	B	0.08%	0.18%	0.08%
LEN	B	0.08%	0.04%	0.04%
LEN	B	0.08%	0.34%	0.08%
LII	A	0.23%	0.13%	0.13%
LLY	C	2.48%	1.29%	1.29%
LNW	B	0.02%	0.15%	0.02%
LOPE	D	0.05%	0.03%	0.03%
LRCX	F	0.27%	0.81%	0.27%
LYFT	D	0.01%	0.13%	0.01%
LZB	C	0.02%	0.05%	0.02%
M	D	0.04%	0.05%	0.04%
MATX	C	0.02%	0.11%	0.02%
MCK	F	0.51%	0.76%	0.51%
MCY	C	0.02%	0.16%	0.02%
META	B	2.02%	1.14%	1.14%
MHO	B	0.05%	0.13%	0.05%
MLI	B	0.06%	0.08%	0.06%
MLKN	D	0.01%	0.19%	0.01%
MOG.A	B	0.04%	0.16%	0.04%
MPC	F	0.64%	0.69%	0.64%
MPWR	C	0.08%	0.06%	0.06%
MSA	D	0.03%	0.1%	0.03%
MTG	B	0.04%	0.11%	0.04%
MTH	B	0.08%	0.12%	0.08%
MU	F	0.15%	0.9%	0.15%
MUSA	B	0.17%	0.11%	0.11%
NBIX	D	0.04%	0.09%	0.04%
NEU	C	0.03%	0.09%	0.03%
NFLX	B	0.44%	1.16%	0.44%
NOW	B	0.37%	0.25%	0.25%
NSIT	C	0.06%	0.19%	0.06%
NVDA	D	1.6%	1.49%	1.49%
NVR	B	0.07%	0.25%	0.07%
NVT	D	0.02%	0.15%	0.02%
NWSA	D	0.06%	0.03%	0.03%
OC	C	0.07%	0.15%	0.07%
OLLI	C	0.01%	0.08%	0.01%
OMF	D	0.03%	0.21%	0.03%
OSIS	C	0.02%	0.04%	0.02%
PAG	D	0.04%	0.04%	0.04%
PBF	F	0.06%	0.05%	0.05%
PCAR	D	0.08%	0.78%	0.08%
PFSI	B	0.02%	0.03%	0.02%
PGR	B	0.5%	0.89%	0.5%
PH	B	0.13%	0.51%	0.13%
PHM	B	0.17%	0.34%	0.17%
PINS	F	0.04%	0.07%	0.04%
PNR	A	0.08%	0.08%	0.08%
PR	D	0.04%	0.17%	0.04%
PRG	B	0.03%	0.03%	0.03%
PRIM	C	0.03%	0.11%	0.03%
PSN	B	0.02%	0.14%	0.02%
PSTG	D	0.03%	0.07%	0.03%
PSX	F	0.54%	0.69%	0.54%
PTC	D	0.05%	0.06%	0.05%
PVH	D	0.04%	0.05%	0.04%
PWR	C	0.13%	0.08%	0.08%
QCOM	D	0.62%	0.29%	0.29%
RCL	B	0.08%	0.28%	0.08%
RGA	B	0.05%	0.07%	0.05%
RL	B	0.04%	0.18%	0.04%
ROST	C	0.07%	0.1%	0.07%
RS	D	0.08%	0.13%	0.08%
RUSHA	C	0.03%	0.11%	0.03%
SAIA	D	0.04%	0.24%	0.04%
SCCO	D	0.01%	0.19%	0.01%
SCHW	D	0.16%	0.15%	0.15%
SCS	C	0.01%	0.12%	0.01%
SFM	B	0.19%	0.34%	0.19%
SHOO	B	0.03%	0.04%	0.03%
SHW	A	0.21%	0.25%	0.21%
SIG	C	0.04%	0.06%	0.04%
SKX	C	0.02%	0.22%	0.02%
SKYW	C	0.05%	0.37%	0.05%
SLM	D	0.06%	0.16%	0.06%
SLVM	B	0.03%	0.09%	0.03%
SM	F	0.03%	0.2%	0.03%
SMCI	F	0.14%	0.27%	0.14%
SPB	B	0.01%	0.06%	0.01%
SSD	C	0.03%	0.23%	0.03%
STC	B	0.02%	0.21%	0.02%
STLD	F	0.04%	0.2%	0.04%
TDG	B	0.15%	0.71%	0.15%
TDS	B	0.03%	0.11%	0.03%
THC	B	0.27%	0.12%	0.12%
TJX	B	0.34%	0.29%	0.29%
TMHC	B	0.08%	0.14%	0.08%
TOL	B	0.1%	0.28%	0.1%
TPH	C	0.05%	0.05%	0.05%
TPX	C	0.06%	0.14%	0.06%
TREX	F	0.01%	0.12%	0.01%
TRGP	B	0.13%	0.2%	0.13%
TRN	C	0.03%	0.03%	0.03%
UBER	C	0.21%	0.81%	0.21%
UHAL	B	0.03%	0.03%	0.03%
UHAL	B	0.01%	0.03%	0.01%
URBN	D	0.05%	0.03%	0.03%
URI	C	0.09%	0.23%	0.09%
USFD	A	0.09%	0.05%	0.05%
UVV	D	0.01%	0.07%	0.01%
VIRT	B	0.05%	0.06%	0.05%
VLO	F	0.54%	0.14%	0.14%
VNT	D	0.02%	0.12%	0.02%
VRTX	C	0.21%	0.19%	0.19%
WAB	B	0.04%	0.23%	0.04%
WAL	B	0.01%	0.02%	0.01%
WDC	D	0.15%	0.2%	0.15%
WFC	F	1.4%	0.95%	0.95%
WMS	D	0.02%	0.14%	0.02%
WOR	F	0.01%	0.07%	0.01%
WRB	C	0.02%	0.1%	0.02%
WSM	C	0.21%	0.23%	0.21%
WSO	C	0.2%	0.09%	0.09%
WTFC	C	0.01%	0.05%	0.01%
WTS	C	0.03%	0.06%	0.03%
WWD	D	0.01%	0.1%	0.01%
XPO	D	0.03%	0.25%	0.03%

MFUS Overweight 537 Positions Relative to VFMO

Symbol	Grade	Weight
BRK.A	C	2.01%
WMT	B	1.87%
ABBV	B	1.34%
T	A	1.23%
GOOGL	D	1.17%
ORCL	B	1.13%
JNJ	B	1.03%
AMGN	B	1.03%
VZ	A	1.01%
XOM	D	0.99%
PG	A	0.88%
MRK	D	0.87%
V	A	0.86%
CVS	D	0.8%
MA	A	0.79%
CVX	D	0.79%
GILD	B	0.78%
TGT	C	0.68%
AAPL	D	0.67%
PEP	B	0.62%
KO	B	0.6%
PM	B	0.56%
PFE	C	0.53%
MO	C	0.52%
LMT	B	0.52%
UNP	B	0.48%
GS	D	0.45%
REGN	C	0.45%
CSCO	C	0.42%
COF	D	0.42%
MMM	A	0.41%
MCD	B	0.4%
BAC	D	0.39%
HD	B	0.39%
MET	B	0.36%
INTC	F	0.36%
KR	B	0.34%
EBAY	A	0.34%
CL	C	0.33%
F	D	0.33%
TRV	A	0.32%
ADM	D	0.32%
TMUS	A	0.31%
AZO	C	0.3%
COP	F	0.3%
ICE	B	0.29%
SYF	D	0.29%
BMY	C	0.28%
BK	A	0.27%
DHR	B	0.27%
HPQ	D	0.27%
VST	C	0.26%
PRU	C	0.25%
PANW	C	0.25%
BBY	B	0.24%
CHTR	D	0.24%
CMCSA	D	0.24%
NOC	B	0.23%
LOW	B	0.23%
WM	D	0.23%
MDLZ	B	0.22%
TSN	C	0.22%
TXN	D	0.21%
LYB	F	0.21%
DD	B	0.21%
GLW	C	0.2%
HPE	F	0.2%
CME	B	0.2%
VRSK	D	0.2%
UPS	D	0.19%
LHX	C	0.19%
MMC	A	0.19%
ACN	C	0.19%
AON	B	0.19%
CTAS	B	0.18%
ORLY	B	0.18%
GD	B	0.17%
BR	B	0.16%
CB	B	0.16%
KHC	C	0.16%
KMB	C	0.16%
BKR	D	0.16%
UTHR	C	0.16%
SPG	B	0.15%
EMR	D	0.15%
MSI	B	0.15%
CLX	B	0.15%
WBA	F	0.14%
CI	B	0.14%
RSG	B	0.13%
RMD	B	0.13%
JNPR	B	0.13%
DUK	B	0.13%
HCA	A	0.13%
VTRS	C	0.13%
EXC	A	0.12%
WELL	B	0.12%
IP	B	0.12%
HWM	B	0.12%
STE	B	0.12%
EOG	D	0.11%
XYL	D	0.11%
USB	C	0.11%
CMI	C	0.11%
GIS	B	0.11%
RPM	B	0.11%
MAR	D	0.11%
IRM	A	0.11%
K	A	0.1%
GPK	A	0.1%
PNC	B	0.1%
AVY	B	0.1%
YUM	B	0.1%
JKHY	A	0.1%
MRO	D	0.1%
FAST	C	0.1%
UNM	B	0.1%
ERIE	B	0.09%
ADSK	B	0.09%
ADP	A	0.09%
SLB	F	0.09%
IR	D	0.09%
EA	C	0.09%
CHRW	C	0.09%
BDX	D	0.09%
TFC	D	0.09%
CEG	C	0.09%
EFX	B	0.09%
UHS	B	0.09%
GDDY	D	0.09%
NEM	B	0.09%
NUE	D	0.08%
WCC	D	0.08%
TROW	D	0.08%
MTD	D	0.08%
DFS	C	0.08%
OGN	C	0.08%
LECO	D	0.08%
WU	F	0.08%
HLI	A	0.08%
MKC	B	0.08%
BIIB	F	0.08%
TYL	B	0.08%
FIS	A	0.08%
WMB	A	0.08%
AMP	B	0.08%
OKE	A	0.08%
ITT	C	0.08%
ECL	A	0.08%
FOXA	C	0.08%
LUMN	C	0.08%
BWXT	D	0.08%
ITW	B	0.08%
KMI	B	0.08%
IEX	D	0.08%
AN	D	0.08%
NTAP	D	0.08%
ELV	B	0.08%
L	C	0.08%
DLR	A	0.08%
CSX	D	0.08%
LSTR	D	0.08%
TAP	C	0.08%
CHD	B	0.07%
JBL	D	0.07%
ABG	F	0.07%
POOL	C	0.07%
ARW	C	0.07%
CMC	D	0.07%
CALM	B	0.07%
SLG	B	0.07%
CE	D	0.07%
TSCO	B	0.07%
CCK	A	0.07%
OTIS	C	0.07%
OSK	D	0.07%
FCN	C	0.07%
EQH	C	0.07%
SEIC	C	0.07%
LPLA	F	0.07%
NRG	C	0.07%
ATR	A	0.07%
GLPI	B	0.07%
SYY	C	0.07%
IPG	C	0.07%
EXPD	D	0.07%
TTC	D	0.07%
TTWO	D	0.07%
EXR	A	0.07%
MSCI	C	0.07%
MMS	D	0.06%
MNST	C	0.06%
PK	F	0.06%
BERY	B	0.06%
R	B	0.06%
VNO	A	0.06%
MSM	D	0.06%
HIG	B	0.06%
SBUX	C	0.06%
EMN	A	0.06%
KSS	F	0.06%
FTNT	B	0.06%
IDXX	C	0.06%
CPT	B	0.06%
CHE	C	0.06%
MAS	B	0.06%
BC	D	0.06%
MLM	D	0.06%
OMC	B	0.06%
HSY	B	0.06%
TEX	D	0.06%
X	D	0.06%
INVH	B	0.06%
INGR	B	0.06%
SCI	A	0.06%
ROP	B	0.06%
SPGI	A	0.06%
SEE	D	0.06%
GNTX	F	0.06%
VMC	D	0.06%
CFG	C	0.06%
CRI	C	0.06%
THO	C	0.06%
LPX	B	0.06%
KDP	B	0.06%
DGX	B	0.06%
UFPI	C	0.06%
AMG	C	0.05%
CAG	B	0.05%
CCL	C	0.05%
WAT	C	0.05%
CBT	B	0.05%
CRUS	D	0.05%
BWA	F	0.05%
WEN	C	0.05%
ROL	B	0.05%
TKR	D	0.05%
MUR	F	0.05%
LNC	D	0.05%
PKG	B	0.05%
LAMR	A	0.05%
MTN	D	0.05%
WTW	B	0.05%
TW	A	0.05%
TXRH	D	0.05%
NYT	C	0.05%
NXST	D	0.05%
A	C	0.05%
DELL	D	0.05%
SANM	D	0.05%
FL	D	0.05%
WPC	B	0.05%
POST	C	0.05%
G	B	0.05%
FDS	C	0.05%
SUI	B	0.05%
DG	F	0.05%
FLEX	D	0.05%
JLL	B	0.05%
CDW	D	0.05%
PEG	A	0.05%
ANSS	D	0.05%
IVZ	C	0.05%
CMA	B	0.04%
APLE	D	0.04%
LW	D	0.04%
OLN	D	0.04%
HUBG	C	0.04%
WTM	D	0.04%
FHI	B	0.04%
TGNA	C	0.04%
COLD	D	0.04%
GATX	C	0.04%
VC	F	0.04%
HAL	F	0.04%
BAX	C	0.04%
MOS	F	0.04%
CNO	B	0.04%
SON	C	0.04%
AR	D	0.04%
XRAY	D	0.04%
AMH	B	0.04%
HEI	A	0.04%
RGLD	B	0.04%
GVA	B	0.04%
RRC	D	0.04%
ENTG	D	0.04%
ELS	B	0.04%
VRSN	D	0.04%
MAN	D	0.04%
SEB	C	0.04%
ABM	D	0.04%
AGNC	A	0.04%
FFIV	A	0.04%
FLO	C	0.04%
DCI	D	0.04%
ADBE	D	0.04%
BTU	D	0.04%
HXL	F	0.04%
THG	A	0.04%
GGG	C	0.04%
ZTS	B	0.04%
SRCL	A	0.04%
KBH	B	0.04%
ACM	B	0.04%
WHR	D	0.04%
BDC	B	0.04%
DOW	F	0.04%
NDSN	C	0.04%
WST	F	0.04%
NKE	D	0.04%
LANC	D	0.04%
STZ	C	0.04%
GNRC	D	0.04%
SMG	C	0.04%
NOV	F	0.04%
PPG	C	0.04%
AVT	D	0.04%
NFG	A	0.04%
CUBE	A	0.04%
SLGN	B	0.04%
BEN	D	0.04%
ULTA	D	0.04%
MAC	B	0.04%
AKAM	D	0.03%
DRI	C	0.03%
OKTA	F	0.03%
TXT	D	0.03%
ZION	D	0.03%
HBAN	B	0.03%
VVV	D	0.03%
FR	B	0.03%
NAVI	C	0.03%
MC	B	0.03%
RLI	B	0.03%
DK	F	0.03%
MOH	C	0.03%
SBAC	B	0.03%
BRKR	D	0.03%
BURL	B	0.03%
SJM	C	0.03%
YELP	F	0.03%
MDU	B	0.03%
UDR	B	0.03%
MTB	B	0.03%
WH	B	0.03%
HP	F	0.03%
DBRG	D	0.03%
BFAM	B	0.03%
AMKR	D	0.03%
MORN	C	0.03%
EQIX	B	0.03%
BJ	D	0.03%
SBH	C	0.03%
MCO	B	0.03%
DLB	D	0.03%
RPRX	C	0.03%
TFX	B	0.03%
HBI	B	0.03%
HSIC	D	0.03%
LEA	F	0.03%
AVA	B	0.03%
PDCO	D	0.03%
GT	F	0.03%
MKL	C	0.03%
MANH	A	0.03%
SEM	D	0.03%
FND	C	0.03%
DINO	F	0.03%
DOX	C	0.03%
BHF	F	0.03%
HOLX	B	0.03%
CVLT	B	0.03%
VSH	F	0.03%
TER	D	0.03%
JHG	B	0.03%
ASO	C	0.03%
AES	C	0.03%
IFF	B	0.03%
CPNG	B	0.03%
PAYX	B	0.03%
PSA	A	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%
TTEK	B	0.02%
VFC	C	0.02%
PARA	F	0.02%
APOG	C	0.02%
NWL	C	0.02%
BXP	A	0.02%
LXP	B	0.02%
SNDR	B	0.02%
ODP	F	0.02%
RHI	D	0.02%
DORM	B	0.02%
CHDN	B	0.02%
HST	D	0.02%
BBWI	F	0.02%
SNAP	F	0.02%
GES	F	0.02%
XRX	F	0.02%
BMRN	F	0.02%
CC	F	0.02%
IGT	D	0.02%
SAM	F	0.02%
LBRDK	D	0.02%
DOV	B	0.02%
XHR	C	0.02%
GPC	D	0.02%
AGCO	D	0.02%
NTCT	D	0.02%
AA	D	0.02%
PMT	C	0.02%
DXC	C	0.02%
SXT	D	0.02%
GHC	C	0.02%
EPC	F	0.02%
REZI	D	0.02%
KBR	D	0.02%
CINF	B	0.02%
NSP	F	0.02%
VSTO	B	0.02%
FLS	D	0.02%
RLJ	F	0.02%
MKTX	C	0.02%
CG	D	0.02%
GEF	D	0.02%
HAE	D	0.02%
HII	D	0.02%
GMED	D	0.02%
CTLT	B	0.02%
ORA	C	0.02%
COHR	C	0.02%
JBHT	D	0.02%
PLXS	B	0.02%
APAM	C	0.02%
ALGN	D	0.02%
AXTA	C	0.02%
TDC	F	0.02%
PNM	B	0.02%
FAF	A	0.02%
WERN	D	0.02%
DRH	C	0.02%
PINC	C	0.02%
NTRS	B	0.02%
MASI	D	0.02%
SHO	D	0.02%
HOG	C	0.02%
BKE	B	0.02%
NDAQ	B	0.02%
ADNT	F	0.02%
UNF	B	0.02%
RYN	C	0.02%
GEHC	C	0.02%
DLTR	F	0.02%
CTRA	F	0.02%
THS	C	0.02%
AAP	F	0.01%
KNX	C	0.01%
SCHL	D	0.01%
SCL	D	0.01%
JAZZ	D	0.01%
UAL	C	0.01%
ACI	D	0.01%
SWN	D	0.01%
ECPG	C	0.01%
MKSI	F	0.01%
WGO	D	0.01%
TPR	C	0.01%
ESI	D	0.01%
QRVO	F	0.01%
HELE	D	0.01%
HPP	F	0.01%
HUN	D	0.01%
MTDR	F	0.01%
SWX	C	0.01%
BECN	D	0.01%
SYNA	F	0.01%
HRL	C	0.01%
SIGI	C	0.01%
PFG	C	0.01%
ARCB	D	0.01%
INCY	C	0.01%
CENTA	D	0.01%
JBGS	B	0.01%
FLR	D	0.01%
LVS	D	0.01%
AMED	D	0.01%
AFG	B	0.01%
FELE	D	0.01%
DTM	B	0.01%
WAFD	B	0.01%
WMK	C	0.01%
BRC	B	0.01%
DY	C	0.01%
KN	D	0.01%
PECO	B	0.01%
ONB	C	0.01%
CBSH	B	0.01%
CBRL	F	0.01%
CSGS	C	0.01%
SAIC	B	0.01%
STRA	D	0.01%
SF	B	0.01%
TTMI	D	0.01%
CPB	B	0.01%
CPRI	D	0.01%
CVI	F	0.01%
DEI	A	0.01%
WBS	D	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	D	0.01%
RBC	D	0.01%
LAD	C	0.01%
IOSP	D	0.01%
MHK	B	0.01%
LADR	B	0.01%
PSMT	B	0.01%
TNET	D	0.01%
CWEN	A	0.01%
SNV	C	0.01%
DAN	F	0.01%
PTEN	F	0.01%
RJF	C	0.01%
ESNT	B	0.01%
PHIN	C	0.01%
DNOW	D	0.01%
SATS	B	0.01%
EVRG	A	0.01%
NOMD	B	0.0%
WOLF	F	0.0%

MFUS Underweight 336 Positions Relative to VFMO

Symbol	Grade	Weight
CRWD	D	-1.07%
TT	A	-0.73%
GOOG	D	-0.71%
SMMT	C	-0.4%
NU	B	-0.4%
WING	B	-0.39%
SPOT	C	-0.38%
AGO	C	-0.35%
CVNA	B	-0.33%
VRT	C	-0.31%
WFRD	D	-0.3%
BPOP	C	-0.3%
DKNG	D	-0.3%
DHI	B	-0.29%
IBP	C	-0.29%
ONTO	D	-0.29%
GPOR	C	-0.28%
CUBI	F	-0.28%
FN	D	-0.28%
BPMC	F	-0.26%
BLBD	C	-0.25%
MSTR	D	-0.24%
MSFT	C	-0.24%
BRBR	C	-0.23%
INSM	D	-0.23%
SFL	D	-0.23%
AZEK	C	-0.22%
LBRT	D	-0.22%
FBP	D	-0.22%
TNK	D	-0.22%
NTNX	C	-0.22%
GFF	C	-0.21%
PPC	D	-0.21%
PCVX	B	-0.21%
ASPN	D	-0.21%
AZZ	D	-0.21%
OSCR	C	-0.2%
REVG	D	-0.2%
HLX	F	-0.2%
CYTK	D	-0.2%
IESC	C	-0.2%
ELF	F	-0.2%
LRN	B	-0.2%
VCTR	B	-0.19%
FRPT	B	-0.19%
MEDP	D	-0.19%
TPG	B	-0.19%
ADMA	C	-0.19%
POWL	C	-0.19%
ESTC	F	-0.19%
GKOS	D	-0.19%
INSW	D	-0.19%
LMB	C	-0.18%
FULT	D	-0.18%
DHT	C	-0.18%
LBPH	D	-0.18%
CELH	F	-0.18%
BKD	D	-0.17%
CSWI	B	-0.17%
TDW	F	-0.17%
RNA	D	-0.17%
WULF	D	-0.17%
VKTX	C	-0.17%
NTRA	B	-0.17%
VERA	C	-0.16%
LIN	B	-0.16%
AXON	A	-0.16%
INVA	B	-0.16%
MOD	C	-0.16%
SKWD	C	-0.16%
ACGL	A	-0.16%
TPC	C	-0.15%
CRNX	C	-0.15%
RXST	C	-0.15%
SGBX	F	-0.15%
NAT	D	-0.15%
HQY	C	-0.15%
ASB	D	-0.15%
OWL	C	-0.15%
RVMD	C	-0.14%
NUVL	B	-0.14%
LPG	F	-0.14%
JANX	C	-0.14%
AFRM	C	-0.14%
RSI	C	-0.14%
STRL	C	-0.14%
VITL	D	-0.14%
DYN	D	-0.14%
NR	D	-0.14%
AMR	F	-0.13%
CDRE	C	-0.13%
BGC	B	-0.13%
AVAV	D	-0.13%
ZIMV	D	-0.13%
NHC	D	-0.13%
HOV	C	-0.13%
HUMA	D	-0.13%
ROAD	A	-0.13%
DJT	F	-0.13%
CLSK	F	-0.13%
EWTX	D	-0.13%
UTI	D	-0.13%
AMRX	B	-0.13%
PTVE	D	-0.13%
HURN	C	-0.12%
BV	B	-0.12%
TNC	D	-0.12%
GIII	C	-0.12%
ARDX	D	-0.12%
LQDA	F	-0.12%
TREE	C	-0.12%
HUBS	D	-0.12%
CBZ	F	-0.11%
TWST	D	-0.11%
ANNX	C	-0.11%
EYPT	F	-0.11%
ACLX	B	-0.11%
ACIC	D	-0.11%
RYTM	C	-0.11%
ALT	D	-0.11%
KRYS	D	-0.11%
CIFR	F	-0.11%
YMAB	C	-0.11%
OFG	C	-0.11%
COLL	C	-0.11%
ANAB	C	-0.11%
HY	D	-0.11%
GNK	D	-0.11%
PRI	B	-0.11%
ENSG	A	-0.11%
HRTX	F	-0.11%
EVER	D	-0.11%
CMPR	F	-0.11%
MARA	F	-0.1%
ITGR	B	-0.1%
NPO	D	-0.1%
REX	D	-0.1%
EU	D	-0.1%
NNBR	F	-0.1%
EGY	D	-0.1%
PLTR	B	-0.1%
AUR	C	-0.1%
SRRK	F	-0.1%
PTGX	B	-0.1%
MTX	F	-0.1%
ORI	B	-0.1%
TARS	C	-0.1%
NRIX	B	-0.1%
GOGL	D	-0.1%
AGM	D	-0.1%
NKTX	F	-0.1%
STNG	D	-0.1%
MSGE	B	-0.09%
ORIC	D	-0.09%
SPNT	C	-0.09%
BELFB	C	-0.09%
DAWN	F	-0.09%
TMDX	D	-0.09%
UWMC	C	-0.09%
EOLS	C	-0.09%
UEC	F	-0.09%
ABCB	B	-0.09%
CENX	D	-0.09%
SHAK	C	-0.09%
AM	B	-0.09%
PRMW	B	-0.09%
PETQ	A	-0.09%
TILE	B	-0.09%
FOR	D	-0.09%
GRMN	D	-0.09%
IDYA	F	-0.09%
TK	C	-0.09%
CGEM	D	-0.09%
CECO	C	-0.09%
METC	F	-0.09%
HCI	C	-0.09%
OII	D	-0.09%
ANIP	F	-0.09%
SIGA	D	-0.08%
IMVT	D	-0.08%
DUOL	C	-0.08%
KROS	C	-0.08%
SWTX	D	-0.08%
GRND	B	-0.08%
SXI	D	-0.08%
VECO	F	-0.08%
GRBK	B	-0.08%
BASE	F	-0.08%
TROX	F	-0.08%
RDNT	B	-0.08%
GERN	D	-0.08%
ACMR	F	-0.08%
MAX	C	-0.08%
BOH	C	-0.08%
PLAY	F	-0.08%
BBIO	D	-0.08%
KALV	F	-0.08%
SMTC	C	-0.08%
IOVA	D	-0.08%
KURA	C	-0.08%
FG	C	-0.08%
PRCT	B	-0.08%
SOUN	D	-0.08%
INOD	D	-0.07%
AMAL	B	-0.07%
OSW	C	-0.07%
PRDO	D	-0.07%
OCUL	C	-0.07%
RDN	C	-0.07%
DFH	C	-0.07%
CHCO	B	-0.07%
APPF	D	-0.07%
ICFI	B	-0.07%
AGIO	D	-0.07%
WINA	D	-0.07%
PATK	A	-0.07%
HEES	D	-0.07%
ALKT	D	-0.07%
CDE	C	-0.07%
VSEC	D	-0.07%
ALXO	F	-0.07%
HWKN	C	-0.07%
UVE	B	-0.06%
NVRI	D	-0.06%
MTSI	D	-0.06%
SVRA	F	-0.06%
WEAV	D	-0.06%
CBOE	B	-0.06%
BAND	D	-0.06%
UFPT	C	-0.06%
OLMA	D	-0.06%
JOE	D	-0.06%
RKT	B	-0.06%
TNDM	C	-0.06%
ACVA	B	-0.06%
MDXG	F	-0.06%
KOP	F	-0.06%
SPRY	C	-0.06%
SANA	F	-0.06%
TGI	F	-0.05%
ACT	A	-0.05%
TRMK	C	-0.05%
ALTR	D	-0.05%
PRK	C	-0.05%
WDFC	C	-0.05%
NTB	C	-0.05%
FDMT	F	-0.05%
CENT	D	-0.05%
VCEL	F	-0.05%
STEP	B	-0.05%
ARLO	F	-0.05%
FSS	D	-0.05%
CAL	F	-0.05%
AMD	D	-0.05%
CASH	B	-0.05%
CRAI	C	-0.05%
CSTL	B	-0.05%
AGYS	D	-0.05%
ZEUS	F	-0.05%
QNST	C	-0.05%
DFIN	B	-0.04%
PRM	B	-0.04%
SB	D	-0.04%
BLX	C	-0.04%
MTRN	F	-0.04%
MBI	F	-0.04%
PAR	B	-0.04%
TPB	C	-0.04%
PNTG	B	-0.04%
PI	B	-0.04%
AX	D	-0.04%
SNPS	D	-0.04%
PACK	D	-0.04%
CTS	D	-0.04%
CMRE	D	-0.04%
IBOC	C	-0.04%
INZY	C	-0.04%
DAKT	D	-0.04%
ARCT	F	-0.04%
OCGN	F	-0.04%
HIMS	D	-0.04%
URGN	F	-0.04%
KTOS	B	-0.04%
MRSN	D	-0.04%
CRVL	B	-0.04%
PFBC	C	-0.04%
VRNS	C	-0.04%
NMRK	B	-0.04%
CRDO	D	-0.04%
SPOK	C	-0.04%
PFGC	B	-0.04%
MYRG	F	-0.03%
LYTS	C	-0.03%
MBIN	C	-0.03%
SCVL	C	-0.03%
EPAC	B	-0.03%
NMIH	B	-0.03%
GIC	D	-0.03%
STNE	F	-0.03%
XERS	C	-0.03%
CCS	B	-0.03%
LOB	B	-0.03%
SEMR	D	-0.03%
MIR	F	-0.03%
CDLX	F	-0.03%
SXC	F	-0.03%
RAMP	F	-0.03%
PARR	F	-0.03%
DXPE	C	-0.03%
EAT	B	-0.03%
ROCK	D	-0.03%
THR	D	-0.03%
GSHD	C	-0.02%
GTES	C	-0.02%
IDT	C	-0.02%
CRMD	B	-0.02%
CCOI	C	-0.02%
PFC	C	-0.02%
AGX	B	-0.02%
USLM	B	-0.02%
CPF	B	-0.02%
FBK	B	-0.02%
PLMR	B	-0.02%
SPNS	D	-0.02%
ATRO	D	-0.02%
KRUS	D	-0.02%
AAON	A	-0.02%
ITRI	C	-0.02%
MITK	F	-0.02%
PAGS	F	-0.02%
WRLD	D	-0.02%
LEU	F	-0.02%
ZETA	B	-0.02%
CPS	F	-0.02%
SCSC	D	-0.02%
ASC	D	-0.02%