MFUS vs. VONV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard Russell 1000 Value ETF (VONV)

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

$50.35

Average Daily Volume

7,922

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

VONV

Vanguard Russell 1000 Value ETF

VONV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the Russell 1000Â® Value Index. The index is designed to measure the performance of large-capitalization value stocks in the United States. 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

$83.18

Average Daily Volume

320,945

Number of Holdings ^*

844

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VONV
30 Days	3.55%	2.59%
60 Days	10.60%	9.45%
90 Days	6.54%	9.65%
12 Months	36.03%	30.42%

561 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VONV	Overlap
A	B	0.05%	0.17%	0.05%
AA	B	0.01%	0.03%	0.01%
AAP	F	0.01%	0.01%	0.01%
ABBV	C	1.56%	0.79%	0.79%
ACI	F	0.01%	0.03%	0.01%
ACM	A	0.03%	0.05%	0.03%
ACN	B	0.23%	0.86%	0.23%
ADC	C	0.01%	0.03%	0.01%
ADM	F	0.25%	0.12%	0.12%
ADP	A	0.1%	0.03%	0.03%
AEP	C	0.09%	0.21%	0.09%
AES	C	0.02%	0.05%	0.02%
AFL	A	0.22%	0.25%	0.22%
AGCO	D	0.02%	0.02%	0.02%
AGNC	B	0.04%	0.03%	0.03%
AIG	C	0.34%	0.21%	0.21%
AIZ	B	0.08%	0.04%	0.04%
AJG	C	0.14%	0.24%	0.14%
AKAM	D	0.03%	0.06%	0.03%
ALGN	D	0.02%	0.03%	0.02%
ALL	A	0.26%	0.17%	0.17%
ALLY	F	0.05%	0.04%	0.04%
ALNY	C	0.07%	0.01%	0.01%
ALSN	A	0.09%	0.03%	0.03%
AMAT	C	0.59%	0.05%	0.05%
AMED	D	0.01%	0.01%	0.01%
AMG	B	0.06%	0.02%	0.02%
AMGN	D	1.01%	0.16%	0.16%
AMH	D	0.04%	0.05%	0.04%
AMKR	F	0.03%	0.01%	0.01%
AMP	A	0.12%	0.02%	0.02%
AN	D	0.07%	0.02%	0.02%
ANSS	D	0.05%	0.11%	0.05%
AON	A	0.23%	0.27%	0.23%
AOS	C	0.1%	0.04%	0.04%
APG	F	0.02%	0.03%	0.02%
APH	D	0.11%	0.13%	0.11%
AR	C	0.04%	0.03%	0.03%
ARMK	C	0.01%	0.04%	0.01%
ARW	C	0.05%	0.03%	0.03%
ATI	C	0.05%	0.03%	0.03%
ATO	A	0.02%	0.08%	0.02%
ATR	A	0.08%	0.04%	0.04%
AVB	C	0.03%	0.13%	0.03%
AVT	B	0.04%	0.02%	0.02%
AVTR	D	0.04%	0.07%	0.04%
AVY	D	0.1%	0.04%	0.04%
AWI	A	0.03%	0.01%	0.01%
AXP	A	0.21%	0.37%	0.21%
AXTA	C	0.02%	0.03%	0.02%
AYI	A	0.08%	0.03%	0.03%
AZO	D	0.29%	0.02%	0.02%
BAC	B	0.39%	1.11%	0.39%
BALL	C	0.08%	0.08%	0.08%
BAX	D	0.05%	0.08%	0.05%
BBWI	F	0.01%	0.03%	0.01%
BBY	C	0.23%	0.09%	0.09%
BC	C	0.06%	0.02%	0.02%
BDX	C	0.12%	0.28%	0.12%
BEN	F	0.02%	0.02%	0.02%
BERY	C	0.06%	0.03%	0.03%
BFAM	C	0.03%	0.03%	0.03%
BHF	D	0.04%	0.01%	0.01%
BIIB	F	0.08%	0.12%	0.08%
BJ	B	0.03%	0.04%	0.03%
BK	A	0.17%	0.2%	0.17%
BKNG	B	0.36%	0.03%	0.03%
BKR	B	0.07%	0.14%	0.07%
BLD	D	0.04%	0.05%	0.04%
BLDR	C	0.04%	0.08%	0.04%
BLK	A	0.17%	0.53%	0.17%
BMRN	F	0.01%	0.07%	0.01%
BMY	A	0.36%	0.41%	0.36%
BR	B	0.16%	0.01%	0.01%
BRK.A	B	2.37%	3.5%	2.37%
BRKR	D	0.02%	0.01%	0.01%
BRO	A	0.11%	0.06%	0.06%
BSX	A	0.2%	0.48%	0.2%
BWA	C	0.01%	0.03%	0.01%
BWXT	A	0.09%	0.03%	0.03%
BXP	B	0.02%	0.05%	0.02%
C	B	0.63%	0.48%	0.48%
CACC	F	0.01%	0.0%	0.0%
CACI	A	0.09%	0.04%	0.04%
CAG	D	0.05%	0.06%	0.05%
CAH	B	0.24%	0.04%	0.04%
CARR	A	0.05%	0.2%	0.05%
CASY	D	0.15%	0.04%	0.04%
CAT	A	0.2%	0.6%	0.2%
CB	A	0.17%	0.46%	0.17%
CBRE	C	0.05%	0.14%	0.05%
CBSH	D	0.01%	0.03%	0.01%
CC	D	0.02%	0.01%	0.01%
CCI	D	0.08%	0.2%	0.08%
CCK	C	0.06%	0.04%	0.04%
CCL	C	0.02%	0.07%	0.02%
CDW	D	0.04%	0.06%	0.04%
CE	D	0.04%	0.04%	0.04%
CEG	A	0.13%	0.21%	0.13%
CFG	C	0.03%	0.08%	0.03%
CFR	B	0.01%	0.03%	0.01%
CG	B	0.02%	0.04%	0.02%
CHD	D	0.07%	0.1%	0.07%
CHE	D	0.06%	0.03%	0.03%
CHRW	C	0.14%	0.05%	0.05%
CHTR	D	0.25%	0.13%	0.13%
CI	D	0.15%	0.37%	0.15%
CINF	A	0.02%	0.08%	0.02%
CL	D	0.41%	0.16%	0.16%
CLF	D	0.01%	0.02%	0.01%
CLH	B	0.04%	0.05%	0.04%
CMA	C	0.04%	0.03%	0.03%
CMCSA	B	0.16%	0.62%	0.16%
CMI	A	0.13%	0.17%	0.13%
CMS	A	0.03%	0.08%	0.03%
CNC	F	0.06%	0.17%	0.06%
CNM	F	0.01%	0.01%	0.01%
COF	A	0.24%	0.22%	0.22%
COHR	B	0.03%	0.04%	0.03%
COIN	F	0.06%	0.02%	0.02%
COKE	C	0.03%	0.03%	0.03%
COLD	D	0.04%	0.03%	0.03%
COP	D	0.07%	0.54%	0.07%
CPB	D	0.05%	0.04%	0.04%
CPRI	C	0.01%	0.02%	0.01%
CPRT	B	0.08%	0.01%	0.01%
CPT	C	0.06%	0.05%	0.05%
CR	A	0.01%	0.03%	0.01%
CRBG	B	0.04%	0.03%	0.03%
CRI	D	0.06%	0.01%	0.01%
CROX	C	0.02%	0.03%	0.02%
CRUS	D	0.04%	0.03%	0.03%
CSCO	A	0.61%	0.82%	0.61%
CSL	A	0.02%	0.07%	0.02%
CSX	D	0.11%	0.27%	0.11%
CTAS	C	0.19%	0.01%	0.01%
CTLT	A	0.02%	0.04%	0.02%
CTVA	A	0.04%	0.16%	0.04%
CUBE	C	0.05%	0.05%	0.05%
CVS	D	0.71%	0.29%	0.29%
CVX	B	0.36%	1.02%	0.36%
CW	A	0.1%	0.05%	0.05%
CWEN	C	0.02%	0.0%	0.0%
CWEN	C	0.02%	0.01%	0.01%
D	A	0.07%	0.19%	0.07%
DASH	A	0.09%	0.02%	0.02%
DCI	B	0.04%	0.04%	0.04%
DD	C	0.11%	0.14%	0.11%
DDS	D	0.03%	0.0%	0.0%
DELL	C	0.03%	0.1%	0.03%
DFS	A	0.08%	0.14%	0.08%
DG	F	0.1%	0.07%	0.07%
DGX	D	0.09%	0.07%	0.07%
DHI	C	0.07%	0.22%	0.07%
DHR	D	0.28%	0.72%	0.28%
DINO	F	0.01%	0.03%	0.01%
DKS	D	0.09%	0.05%	0.05%
DLB	D	0.02%	0.02%	0.02%
DLR	C	0.08%	0.2%	0.08%
DLTR	F	0.03%	0.07%	0.03%
DOV	C	0.02%	0.1%	0.02%
DOW	B	0.02%	0.15%	0.02%
DOX	B	0.03%	0.04%	0.03%
DPZ	D	0.13%	0.04%	0.04%
DRI	C	0.03%	0.04%	0.03%
DTE	B	0.02%	0.1%	0.02%
DTM	A	0.01%	0.03%	0.01%
DUK	C	0.14%	0.35%	0.14%
DXC	C	0.01%	0.02%	0.01%
EA	D	0.16%	0.16%	0.16%
EBAY	A	0.38%	0.12%	0.12%
ECL	C	0.08%	0.03%	0.03%
ED	C	0.06%	0.14%	0.06%
EFX	D	0.13%	0.12%	0.12%
EHC	C	0.09%	0.04%	0.04%
EIX	C	0.05%	0.13%	0.05%
ELAN	D	0.01%	0.03%	0.01%
ELS	D	0.04%	0.05%	0.04%
ELV	F	0.2%	0.44%	0.2%
EME	B	0.04%	0.04%	0.04%
EMN	C	0.04%	0.05%	0.04%
EMR	B	0.07%	0.24%	0.07%
EQR	C	0.04%	0.11%	0.04%
ES	D	0.04%	0.1%	0.04%
ESAB	C	0.01%	0.02%	0.01%
ESI	C	0.01%	0.02%	0.01%
ESS	D	0.02%	0.08%	0.02%
ETR	A	0.04%	0.1%	0.04%
EVR	C	0.11%	0.04%	0.04%
EVRG	C	0.02%	0.05%	0.02%
EWBC	B	0.02%	0.05%	0.02%
EXC	C	0.07%	0.15%	0.07%
EXEL	B	0.04%	0.0%	0.0%
EXP	C	0.06%	0.01%	0.01%
EXPD	D	0.09%	0.06%	0.06%
EXR	D	0.13%	0.15%	0.13%
F	D	0.15%	0.18%	0.15%
FAF	C	0.02%	0.03%	0.02%
FANG	D	0.05%	0.14%	0.05%
FAST	C	0.11%	0.02%	0.02%
FCN	C	0.06%	0.03%	0.03%
FCNCA	D	0.05%	0.1%	0.05%
FDS	C	0.04%	0.04%	0.04%
FE	C	0.03%	0.1%	0.03%
FFIV	B	0.06%	0.05%	0.05%
FHN	D	0.01%	0.04%	0.01%
FICO	C	0.21%	0.03%	0.03%
FIS	A	0.07%	0.19%	0.07%
FITB	C	0.04%	0.12%	0.04%
FLO	D	0.04%	0.02%	0.02%
FNF	C	0.03%	0.06%	0.03%
FOXA	B	0.1%	0.04%	0.04%
FR	D	0.02%	0.03%	0.02%
FTI	B	0.04%	0.05%	0.04%
FTNT	A	0.06%	0.04%	0.04%
FYBR	C	0.01%	0.03%	0.01%
G	A	0.05%	0.03%	0.03%
GAP	F	0.05%	0.02%	0.02%
GD	C	0.24%	0.33%	0.24%
GE	B	0.61%	0.6%	0.6%
GEHC	C	0.08%	0.13%	0.08%
GGG	C	0.03%	0.06%	0.03%
GILD	A	0.79%	0.4%	0.4%
GIS	C	0.2%	0.16%	0.16%
GLPI	C	0.07%	0.05%	0.05%
GLW	C	0.19%	0.13%	0.13%
GM	D	0.32%	0.23%	0.23%
GME	D	0.01%	0.03%	0.01%
GMED	B	0.02%	0.03%	0.02%
GNRC	B	0.05%	0.02%	0.02%
GNTX	D	0.05%	0.03%	0.03%
GPK	D	0.08%	0.04%	0.04%
GS	B	0.35%	0.47%	0.35%
GWRE	A	0.02%	0.03%	0.02%
GWW	B	0.19%	0.02%	0.02%
H	B	0.01%	0.02%	0.01%
HBAN	B	0.03%	0.09%	0.03%
HCA	C	0.3%	0.23%	0.23%
HD	A	0.6%	0.3%	0.3%
HIG	A	0.06%	0.14%	0.06%
HII	F	0.03%	0.04%	0.03%
HLI	A	0.07%	0.03%	0.03%
HLT	A	0.09%	0.11%	0.09%
HOG	D	0.03%	0.02%	0.02%
HOLX	D	0.03%	0.08%	0.03%
HOOD	B	0.03%	0.05%	0.03%
HPE	B	0.1%	0.1%	0.1%
HPQ	B	0.29%	0.11%	0.11%
HRB	C	0.08%	0.03%	0.03%
HRL	F	0.02%	0.04%	0.02%
HSIC	D	0.03%	0.04%	0.03%
HST	D	0.02%	0.05%	0.02%
HSY	D	0.06%	0.1%	0.06%
HUBB	A	0.03%	0.09%	0.03%
HUN	B	0.01%	0.01%	0.01%
HWM	A	0.15%	0.15%	0.15%
HXL	F	0.03%	0.02%	0.02%
IBKR	A	0.05%	0.05%	0.05%
IBM	A	1.14%	0.74%	0.74%
ICE	A	0.3%	0.37%	0.3%
IEX	D	0.08%	0.06%	0.06%
IFF	D	0.04%	0.11%	0.04%
INCY	B	0.01%	0.05%	0.01%
INGR	B	0.06%	0.04%	0.04%
INTC	D	0.19%	0.38%	0.19%
INVH	D	0.04%	0.09%	0.04%
IP	C	0.08%	0.07%	0.07%
IPG	D	0.04%	0.05%	0.04%
IR	A	0.08%	0.15%	0.08%
IRM	B	0.12%	0.06%	0.06%
ITT	C	0.08%	0.05%	0.05%
ITW	C	0.1%	0.19%	0.1%
IVZ	A	0.03%	0.03%	0.03%
JBHT	D	0.02%	0.06%	0.02%
JBL	C	0.03%	0.05%	0.03%
JCI	C	0.06%	0.17%	0.06%
JEF	A	0.02%	0.03%	0.02%
JHG	A	0.04%	0.02%	0.02%
JKHY	A	0.1%	0.05%	0.05%
JLL	C	0.06%	0.03%	0.03%
JNJ	D	1.28%	1.61%	1.28%
JNPR	C	0.13%	0.05%	0.05%
JPM	C	0.88%	2.59%	0.88%
JWN	D	0.04%	0.01%	0.01%
K	B	0.15%	0.08%	0.08%
KBR	A	0.02%	0.03%	0.02%
KD	D	0.04%	0.02%	0.02%
KDP	C	0.08%	0.16%	0.08%
KEX	C	0.02%	0.03%	0.02%
KEY	B	0.02%	0.06%	0.02%
KHC	F	0.16%	0.13%	0.13%
KIM	C	0.02%	0.06%	0.02%
KKR	A	0.14%	0.24%	0.14%
KMB	D	0.18%	0.11%	0.11%
KMI	A	0.09%	0.17%	0.09%
KMPR	D	0.02%	0.02%	0.02%
KNX	D	0.01%	0.03%	0.01%
KO	C	1.16%	0.48%	0.48%
KR	C	0.37%	0.14%	0.14%
KSS	D	0.03%	0.01%	0.01%
L	C	0.06%	0.06%	0.06%
LAD	C	0.02%	0.03%	0.02%
LAMR	C	0.05%	0.03%	0.03%
LBRDK	C	0.02%	0.02%	0.02%
LDOS	A	0.11%	0.09%	0.09%
LEA	F	0.01%	0.03%	0.01%
LECO	D	0.05%	0.03%	0.03%
LEG	D	0.02%	0.01%	0.01%
LEN	C	0.07%	0.18%	0.07%
LEN	C	0.07%	0.01%	0.01%
LHX	A	0.23%	0.18%	0.18%
LMT	A	0.82%	0.33%	0.33%
LNC	B	0.03%	0.02%	0.02%
LNT	B	0.02%	0.06%	0.02%
LOPE	D	0.04%	0.01%	0.01%
LOW	C	0.34%	0.57%	0.34%
LPX	C	0.08%	0.01%	0.01%
LSTR	F	0.09%	0.03%	0.03%
LW	D	0.03%	0.02%	0.02%
LYB	B	0.18%	0.1%	0.1%
M	D	0.02%	0.02%	0.02%
MAA	D	0.02%	0.08%	0.02%
MAN	D	0.03%	0.01%	0.01%
MAR	A	0.04%	0.22%	0.04%
MAS	C	0.06%	0.07%	0.06%
MASI	B	0.03%	0.01%	0.01%
MCD	A	0.55%	0.78%	0.55%
MCK	F	0.5%	0.17%	0.17%
MDLZ	D	0.26%	0.39%	0.26%
MDU	C	0.03%	0.02%	0.02%
MET	A	0.32%	0.19%	0.19%
MHK	C	0.01%	0.03%	0.01%
MKC	C	0.06%	0.08%	0.06%
MKSI	F	0.01%	0.03%	0.01%
MKTX	B	0.02%	0.04%	0.02%
MLM	F	0.07%	0.12%	0.07%
MMC	D	0.19%	0.39%	0.19%
MMM	C	0.63%	0.24%	0.24%
MNST	D	0.07%	0.03%	0.03%
MO	D	0.66%	0.37%	0.37%
MOS	F	0.01%	0.04%	0.01%
MPC	D	0.36%	0.25%	0.25%
MRO	B	0.03%	0.07%	0.03%
MS	A	0.18%	0.45%	0.18%
MSA	F	0.03%	0.03%	0.03%
MSCI	B	0.06%	0.08%	0.06%
MSI	A	0.18%	0.15%	0.15%
MSM	D	0.06%	0.02%	0.02%
MTB	A	0.03%	0.11%	0.03%
MTD	C	0.1%	0.12%	0.1%
MTG	A	0.03%	0.03%	0.03%
MTN	D	0.05%	0.0%	0.0%
MU	D	0.15%	0.43%	0.15%
NDAQ	C	0.05%	0.12%	0.05%
NDSN	C	0.05%	0.06%	0.05%
NEE	C	0.25%	0.66%	0.25%
NEM	C	0.22%	0.25%	0.22%
NEU	F	0.03%	0.02%	0.02%
NFG	A	0.05%	0.02%	0.02%
NI	A	0.02%	0.06%	0.02%
NKE	D	0.07%	0.15%	0.07%
NNN	C	0.01%	0.03%	0.01%
NOC	B	0.38%	0.29%	0.29%
NOV	F	0.01%	0.03%	0.01%
NRG	A	0.07%	0.04%	0.04%
NSC	C	0.07%	0.23%	0.07%
NTAP	D	0.1%	0.06%	0.06%
NTRS	B	0.03%	0.07%	0.03%
NUE	D	0.08%	0.15%	0.08%
NVR	C	0.1%	0.11%	0.1%
NWL	D	0.02%	0.01%	0.01%
NWSA	D	0.04%	0.04%	0.04%
NXST	D	0.05%	0.01%	0.01%
NYT	C	0.04%	0.04%	0.04%
O	C	0.06%	0.21%	0.06%
OC	C	0.02%	0.06%	0.02%
OGN	F	0.05%	0.02%	0.02%
OHI	C	0.02%	0.04%	0.02%
OKE	A	0.09%	0.22%	0.09%
OLN	D	0.04%	0.02%	0.02%
OMC	C	0.06%	0.08%	0.06%
OMF	D	0.02%	0.02%	0.02%
ORLY	A	0.19%	0.02%	0.02%
OSK	F	0.03%	0.03%	0.03%
OTIS	A	0.08%	0.15%	0.08%
PAG	D	0.02%	0.01%	0.01%
PARA	F	0.01%	0.03%	0.01%
PAYX	B	0.04%	0.11%	0.04%
PB	D	0.01%	0.03%	0.01%
PEG	A	0.06%	0.16%	0.06%
PEP	F	0.77%	0.2%	0.2%
PFE	D	0.64%	0.66%	0.64%
PFG	A	0.01%	0.08%	0.01%
PG	D	1.04%	1.26%	1.04%
PGR	B	0.6%	0.09%	0.09%
PH	A	0.13%	0.31%	0.13%
PHM	C	0.11%	0.11%	0.11%
PINC	F	0.02%	0.01%	0.01%
PK	D	0.06%	0.01%	0.01%
PKG	B	0.07%	0.07%	0.07%
PM	D	0.83%	0.77%	0.77%
PNC	C	0.11%	0.29%	0.11%
PNR	C	0.02%	0.06%	0.02%
PNW	C	0.01%	0.04%	0.01%
POST	C	0.05%	0.02%	0.02%
PPC	C	0.01%	0.01%	0.01%
PPG	D	0.05%	0.12%	0.05%
PPL	C	0.04%	0.09%	0.04%
PRU	B	0.23%	0.17%	0.17%
PSA	C	0.1%	0.18%	0.1%
PSN	A	0.02%	0.02%	0.02%
PSTG	F	0.04%	0.01%	0.01%
PSX	D	0.23%	0.24%	0.23%
PTC	B	0.04%	0.03%	0.03%
PVH	D	0.02%	0.02%	0.02%
PWR	A	0.11%	0.11%	0.11%
PYPL	A	0.11%	0.3%	0.11%
QCOM	D	0.8%	0.05%	0.05%
QRVO	F	0.01%	0.04%	0.01%
R	C	0.07%	0.03%	0.03%
RBC	C	0.01%	0.03%	0.01%
RCL	B	0.08%	0.1%	0.08%
REGN	D	0.49%	0.46%	0.46%
RF	B	0.01%	0.09%	0.01%
RGA	B	0.06%	0.06%	0.06%
RGLD	C	0.04%	0.04%	0.04%
RHI	D	0.02%	0.03%	0.02%
RKT	D	0.01%	0.01%	0.01%
RL	B	0.03%	0.03%	0.03%
RLI	A	0.03%	0.02%	0.02%
RMD	C	0.17%	0.1%	0.1%
ROP	D	0.06%	0.24%	0.06%
RPM	A	0.12%	0.05%	0.05%
RPRX	D	0.03%	0.05%	0.03%
RRC	D	0.02%	0.03%	0.02%
RS	D	0.04%	0.07%	0.04%
RSG	D	0.13%	0.17%	0.13%
RTX	A	0.23%	0.66%	0.23%
RYN	C	0.03%	0.02%	0.02%
SAIC	A	0.01%	0.03%	0.01%
SAM	D	0.02%	0.01%	0.01%
SBAC	C	0.03%	0.1%	0.03%
SBUX	B	0.09%	0.1%	0.09%
SCHW	D	0.04%	0.35%	0.04%
SCI	D	0.06%	0.04%	0.04%
SEB	F	0.05%	0.0%	0.0%
SEE	C	0.06%	0.02%	0.02%
SEIC	B	0.07%	0.03%	0.03%
SF	A	0.01%	0.04%	0.01%
SHW	C	0.22%	0.03%	0.03%
SJM	D	0.04%	0.05%	0.04%
SKX	B	0.02%	0.03%	0.02%
SLB	D	0.01%	0.25%	0.01%
SLGN	B	0.05%	0.02%	0.02%
SLM	B	0.05%	0.02%	0.02%
SMG	C	0.04%	0.01%	0.01%
SNDR	D	0.02%	0.01%	0.01%
SNV	D	0.01%	0.03%	0.01%
SO	A	0.13%	0.38%	0.13%
SON	D	0.04%	0.02%	0.02%
SPB	C	0.01%	0.01%	0.01%
SPG	A	0.16%	0.16%	0.16%
SPGI	C	0.27%	0.64%	0.27%
SPR	D	0.01%	0.01%	0.01%
SQ	D	0.05%	0.09%	0.05%
SRCL	B	0.04%	0.02%	0.02%
SRE	C	0.08%	0.21%	0.08%
SSNC	C	0.02%	0.06%	0.02%
STE	D	0.08%	0.1%	0.08%
STLD	C	0.04%	0.07%	0.04%
STZ	D	0.06%	0.15%	0.06%
SUI	D	0.05%	0.07%	0.05%
SYF	A	0.24%	0.08%	0.08%
SYY	D	0.13%	0.06%	0.06%
T	B	0.74%	0.57%	0.57%
TAP	D	0.08%	0.04%	0.04%
TDG	A	0.17%	0.24%	0.17%
TER	C	0.04%	0.01%	0.01%
TFC	D	0.08%	0.24%	0.08%
TFX	C	0.03%	0.05%	0.03%
TGT	C	0.77%	0.29%	0.29%
THC	D	0.29%	0.06%	0.06%
THG	A	0.04%	0.02%	0.02%
THO	C	0.07%	0.02%	0.02%
TJX	D	0.38%	0.22%	0.22%
TKR	B	0.04%	0.02%	0.02%
TMO	D	0.33%	0.94%	0.33%
TMUS	A	0.38%	0.39%	0.38%
TOL	C	0.06%	0.06%	0.06%
TPR	B	0.01%	0.04%	0.01%
TROW	D	0.08%	0.09%	0.08%
TRV	B	0.2%	0.21%	0.2%
TSN	D	0.16%	0.07%	0.07%
TTC	F	0.07%	0.04%	0.04%
TTEK	A	0.02%	0.04%	0.02%
TTWO	D	0.06%	0.11%	0.06%
TW	A	0.05%	0.03%	0.03%
TXN	C	0.3%	0.69%	0.3%
TYL	D	0.08%	0.02%	0.02%
UAL	A	0.01%	0.06%	0.01%
UDR	C	0.03%	0.06%	0.03%
UGI	C	0.01%	0.02%	0.01%
UHAL	C	0.04%	0.02%	0.02%
UHAL	C	0.01%	0.02%	0.01%
UHAL	C	0.04%	0.0%	0.0%
UHAL	C	0.01%	0.0%	0.0%
UHS	D	0.07%	0.06%	0.06%
ULTA	D	0.04%	0.01%	0.01%
UNH	B	0.79%	2.03%	0.79%
UNM	A	0.04%	0.04%	0.04%
UNP	F	0.54%	0.33%	0.33%
UPS	D	0.25%	0.38%	0.25%
URI	C	0.09%	0.15%	0.09%
USB	C	0.1%	0.3%	0.1%
USFD	C	0.05%	0.05%	0.05%
UTHR	C	0.18%	0.06%	0.06%
VFC	A	0.02%	0.03%	0.02%
VIRT	B	0.05%	0.01%	0.01%
VLO	F	0.16%	0.19%	0.16%
VLTO	A	0.05%	0.06%	0.05%
VNO	B	0.07%	0.02%	0.02%
VNT	F	0.01%	0.02%	0.01%
VRSN	C	0.04%	0.06%	0.04%
VRTX	D	0.22%	0.26%	0.22%
VTR	C	0.04%	0.1%	0.04%
VTRS	D	0.13%	0.06%	0.06%
VZ	C	1.11%	0.71%	0.71%
WAB	A	0.05%	0.12%	0.05%
WAL	C	0.02%	0.04%	0.02%
WAT	B	0.05%	0.03%	0.03%
WBA	F	0.11%	0.03%	0.03%
WBS	D	0.01%	0.03%	0.01%
WCC	D	0.07%	0.03%	0.03%
WDC	C	0.08%	0.09%	0.08%
WELL	C	0.11%	0.29%	0.11%
WEN	B	0.05%	0.01%	0.01%
WFC	B	0.73%	0.82%	0.73%
WH	C	0.03%	0.02%	0.02%
WHR	C	0.03%	0.02%	0.02%
WMB	A	0.08%	0.22%	0.08%
WMS	D	0.02%	0.03%	0.02%
WMT	A	1.68%	1.35%	1.35%
WOLF	F	0.0%	0.0%	0.0%
WPC	C	0.03%	0.05%	0.03%
WRB	C	0.02%	0.07%	0.02%
WSM	C	0.21%	0.03%	0.03%
WSO	C	0.2%	0.07%	0.07%
WST	D	0.04%	0.04%	0.04%
WTFC	B	0.01%	0.03%	0.01%
WTM	C	0.04%	0.02%	0.02%
WTW	C	0.1%	0.12%	0.1%
WU	D	0.07%	0.01%	0.01%
WWD	C	0.01%	0.04%	0.01%
X	F	0.03%	0.03%	0.03%
XOM	A	0.42%	2.12%	0.42%
XRAY	D	0.03%	0.02%	0.02%
XYL	C	0.12%	0.13%	0.12%
YUM	C	0.12%	0.09%	0.09%
ZBRA	B	0.02%	0.06%	0.02%
ZION	D	0.01%	0.03%	0.01%
ZTS	C	0.06%	0.06%	0.06%

MFUS Overweight 252 Positions Relative to VONV

Symbol	Grade	Weight
LLY	D	2.87%
META	A	2.37%
AVGO	B	1.68%
NVDA	B	1.64%
AMZN	C	1.6%
ORCL	A	1.38%
COST	C	1.36%
MRK	F	1.0%
AAPL	C	0.97%
NFLX	A	0.46%
NOW	B	0.31%
KLAC	B	0.28%
V	B	0.28%
MA	A	0.27%
WM	B	0.26%
ANF	D	0.24%
UBER	C	0.23%
ISRG	C	0.23%
LII	C	0.22%
PANW	B	0.22%
VST	A	0.21%
SFM	A	0.2%
CMG	C	0.2%
LRCX	D	0.19%
VRSK	D	0.17%
DVA	C	0.17%
AMT	D	0.16%
DECK	B	0.15%
MUSA	D	0.15%
BAH	C	0.15%
CME	A	0.14%
SMCI	F	0.14%
ANET	A	0.14%
IT	A	0.14%
PLTR	A	0.14%
TSCO	A	0.12%
MCO	D	0.12%
CLX	C	0.12%
BX	C	0.11%
MPWR	B	0.1%
CRS	B	0.1%
GDDY	B	0.1%
AEO	C	0.09%
GPI	C	0.09%
TRGP	A	0.09%
TMHC	C	0.09%
JXN	A	0.09%
EQH	B	0.08%
SLG	C	0.08%
ADSK	B	0.08%
ARES	A	0.08%
NSIT	B	0.07%
UFPI	C	0.07%
MTH	C	0.07%
ROL	C	0.07%
HCC	C	0.07%
BCC	C	0.07%
MLI	B	0.07%
POOL	D	0.07%
CALM	A	0.07%
ABG	D	0.07%
TXRH	A	0.06%
CNX	A	0.06%
ERIE	A	0.06%
TPH	C	0.06%
IDXX	D	0.06%
MMS	C	0.06%
MHO	C	0.05%
URBN	F	0.05%
HBI	B	0.05%
COOP	B	0.05%
LPLA	D	0.05%
LUMN	C	0.05%
TEX	F	0.05%
ATGE	D	0.05%
CBT	B	0.05%
BTU	B	0.05%
KTB	C	0.05%
APP	A	0.05%
SKYW	B	0.05%
FIX	A	0.05%
CMC	D	0.05%
LANC	F	0.04%
KBH	D	0.04%
TDS	C	0.04%
DBRG	D	0.04%
MANH	A	0.04%
CVLT	B	0.04%
TRN	C	0.04%
BDC	A	0.04%
ASO	D	0.04%
ADBE	F	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
HUBG	D	0.04%
MAC	B	0.04%
CPNG	C	0.04%
GATX	F	0.04%
FLEX	B	0.04%
AROC	B	0.04%
TGNA	B	0.04%
HEI	C	0.04%
ABM	D	0.04%
CNO	B	0.04%
FL	F	0.04%
GVA	A	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
FHI	A	0.03%
PLXS	A	0.03%
THS	D	0.03%
DRH	B	0.03%
STC	D	0.03%
LZB	D	0.03%
UNF	A	0.03%
ADNT	F	0.03%
XPO	F	0.03%
DK	F	0.03%
CPAY	A	0.03%
BKU	D	0.03%
VC	F	0.03%
OI	D	0.03%
GMS	B	0.03%
APLE	B	0.03%
MATX	C	0.03%
BURL	C	0.03%
PRG	C	0.03%
GNW	A	0.03%
MC	B	0.03%
SM	D	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	B	0.03%
TPX	C	0.03%
SHOO	A	0.03%
RUSHA	D	0.03%
GEO	D	0.03%
PRIM	A	0.03%
SEM	D	0.03%
SANM	D	0.03%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
DNOW	F	0.02%
ODFL	F	0.02%
VSCO	C	0.02%
HP	D	0.02%
SATS	C	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
HNI	B	0.02%
APOG	B	0.02%
VSH	F	0.02%
DORM	C	0.02%
ANDE	D	0.02%
OSIS	C	0.02%
NAVI	D	0.02%
LNW	F	0.02%
VVV	D	0.02%
MCY	B	0.02%
YELP	D	0.02%
PMT	B	0.02%
EPC	F	0.02%
NSP	F	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
RLJ	D	0.02%
GHC	A	0.02%
SXT	C	0.02%
XHR	A	0.02%
CXW	F	0.02%
PBF	F	0.02%
AIR	C	0.02%
HAE	F	0.02%
SBH	B	0.02%
GEF	B	0.02%
PFSI	C	0.02%
ACA	C	0.02%
ORA	C	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
SCL	D	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
KALU	D	0.01%
ECPG	F	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
CNXN	C	0.01%
ALEX	D	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	C	0.01%
IMKTA	F	0.01%
CNS	C	0.01%
WOR	F	0.01%
SVC	D	0.01%
IDCC	A	0.01%
SR	D	0.01%
SWX	C	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
JBGS	C	0.01%
FLR	B	0.01%
WMK	D	0.01%
JELD	D	0.01%
CADE	B	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
FELE	C	0.01%
STRA	F	0.01%
CSGS	B	0.01%
TTMI	D	0.01%
KN	B	0.01%
DY	C	0.01%
CVI	D	0.01%
OMI	F	0.01%
LADR	D	0.01%
NNI	B	0.01%
AMWD	C	0.01%
GOLF	F	0.01%
DEI	A	0.01%
SAH	D	0.01%
IOSP	F	0.01%
TNET	D	0.01%
REZI	D	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
PSMT	A	0.01%
SCS	D	0.01%
ESNT	A	0.01%
LAUR	C	0.01%
SCCO	B	0.0%
NOMD	D	0.0%

MFUS Underweight 285 Positions Relative to VONV

Symbol	Grade	Weight
LIN	C	-0.92%
ABT	C	-0.79%
DIS	D	-0.67%
ETN	B	-0.49%
ADI	B	-0.47%
MDT	C	-0.47%
PLD	D	-0.47%
HON	C	-0.46%
DE	C	-0.39%
SYK	C	-0.37%
BA	F	-0.34%
AMD	C	-0.33%
EOG	B	-0.3%
EQIX	C	-0.3%
FI	A	-0.28%
FDX	F	-0.27%
APD	C	-0.25%
FCX	B	-0.25%
MRVL	C	-0.24%
TT	A	-0.22%
GEV	A	-0.22%
PCAR	D	-0.2%
KVUE	C	-0.17%
PCG	C	-0.17%
HUM	F	-0.17%
MCHP	F	-0.17%
CTSH	B	-0.16%
AME	C	-0.16%
IQV	F	-0.16%
ACGL	A	-0.16%
OXY	D	-0.15%
ROST	D	-0.15%
EW	F	-0.14%
XEL	C	-0.14%
VICI	C	-0.14%
CRM	B	-0.14%
CSGP	F	-0.13%
ON	F	-0.13%
WEC	B	-0.12%
STT	A	-0.11%
KEYS	B	-0.11%
DAL	C	-0.11%
HAL	D	-0.11%
AWK	D	-0.11%
DVN	F	-0.11%
GPN	F	-0.11%
ROK	D	-0.11%
GRMN	D	-0.11%
VMC	D	-0.1%
FSLR	C	-0.1%
MRNA	F	-0.1%
FTV	C	-0.1%
CBOE	B	-0.09%
AEE	A	-0.09%
WY	C	-0.09%
RJF	B	-0.09%
ZBH	F	-0.09%
J	F	-0.08%
WBD	F	-0.08%
MSTR	B	-0.08%
APTV	D	-0.08%
GPC	D	-0.08%
TDY	A	-0.08%
ARE	D	-0.08%
LNG	A	-0.08%
ILMN	B	-0.08%
AMCR	C	-0.07%
ZM	B	-0.07%
LUV	B	-0.07%
CNP	B	-0.07%
TXT	F	-0.07%
SWKS	F	-0.07%
TRU	C	-0.07%
CTRA	D	-0.07%
EQT	C	-0.07%
TRMB	B	-0.06%
EG	A	-0.06%
BG	F	-0.06%
SNA	C	-0.06%
GEN	A	-0.06%
RVTY	C	-0.06%
APO	A	-0.06%
CF	A	-0.06%
MKL	B	-0.06%
SWK	C	-0.06%
RBA	D	-0.06%
DOC	C	-0.06%
NVT	C	-0.05%
OVV	D	-0.05%
TECH	D	-0.05%
RIVN	F	-0.05%
ALLE	A	-0.05%
SW	C	-0.05%
KMX	F	-0.05%
RNR	A	-0.05%
REG	C	-0.05%
EL	D	-0.05%
HES	D	-0.05%
TWLO	B	-0.04%
SOLV	C	-0.04%
EGP	D	-0.04%
CNH	C	-0.04%
ORI	A	-0.04%
PRI	A	-0.04%
SNX	C	-0.04%
MGM	D	-0.04%
CHRD	F	-0.04%
FRT	D	-0.04%
AFG	A	-0.04%
GL	C	-0.04%
PFGC	A	-0.04%
CHK	C	-0.04%
WTRG	D	-0.04%
MTCH	B	-0.04%
FBIN	C	-0.04%
AFRM	C	-0.04%
CRL	F	-0.04%
QGEN	F	-0.04%
APA	F	-0.04%
CVNA	A	-0.04%
EPAM	F	-0.04%
ALB	D	-0.04%
REXR	D	-0.04%
NTNX	C	-0.04%
LKQ	F	-0.04%
RRX	B	-0.04%
AAL	D	-0.03%
MAT	B	-0.03%
BIO	B	-0.03%
FLS	A	-0.03%
CGNX	F	-0.03%
BPOP	D	-0.03%
Z	C	-0.03%
DAR	F	-0.03%
LFUS	C	-0.03%
OKTA	F	-0.03%
XP	F	-0.03%
EXAS	C	-0.03%
SOFI	C	-0.03%
SWN	D	-0.03%
SSD	B	-0.03%
PR	D	-0.03%
JAZZ	F	-0.03%
MTZ	A	-0.03%
VOYA	A	-0.03%
RGEN	F	-0.03%
WEX	C	-0.03%
WYNN	B	-0.03%
ROKU	C	-0.03%
BRBR	A	-0.03%
STAG	D	-0.03%
ACHC	F	-0.03%
MIDD	D	-0.03%
FND	C	-0.03%
MOH	F	-0.03%
PNFP	B	-0.03%
DAY	C	-0.03%
ONTO	B	-0.03%
OGE	C	-0.03%
FMC	C	-0.03%
TKO	A	-0.03%
CZR	B	-0.03%
BRX	C	-0.03%
CIEN	A	-0.03%
LITE	A	-0.02%
LSXMK	D	-0.02%
W	C	-0.02%
IAC	C	-0.02%
PRGO	F	-0.02%
SITE	D	-0.02%
DOCS	A	-0.02%
BYD	B	-0.02%
SAIA	D	-0.02%
BILL	D	-0.02%
KRC	C	-0.02%
AGO	B	-0.02%
ROIV	D	-0.02%
CUZ	C	-0.02%
FRPT	A	-0.02%
DBX	C	-0.02%
PII	D	-0.02%
CIVI	F	-0.02%
OLED	B	-0.02%
ASH	F	-0.02%
ALK	C	-0.02%
S	C	-0.02%
GFS	F	-0.02%
OZK	D	-0.02%
EEFT	F	-0.02%
ZG	C	-0.02%
AL	D	-0.02%
WLK	C	-0.02%
WSC	D	-0.02%
FOX	B	-0.02%
SN	A	-0.02%
IDA	D	-0.02%
COLB	C	-0.02%
FNB	D	-0.02%
OLLI	C	-0.02%
VMI	B	-0.02%
ST	F	-0.02%
GXO	D	-0.02%
MTSI	B	-0.02%
MTDR	D	-0.02%
STWD	C	-0.02%
AXS	A	-0.02%
LYFT	D	-0.01%
CERT	F	-0.01%
TRIP	D	-0.01%
INFA	D	-0.01%
MP	C	-0.01%
UAA	B	-0.01%
REYN	D	-0.01%
BROS	F	-0.01%
AZEK	D	-0.01%
GO	F	-0.01%
ALGM	F	-0.01%
VSTS	D	-0.01%
FTRE	F	-0.01%
SHC	C	-0.01%
IPGP	D	-0.01%
BIRK	F	-0.01%
QS	F	-0.01%
GLOB	D	-0.01%
ADTN	C	-0.01%
HAYW	C	-0.01%
RCM	B	-0.01%
ETSY	F	-0.01%
HHH	C	-0.01%
BOKF	B	-0.01%
YETI	C	-0.01%
AGR	C	-0.01%
ENOV	F	-0.01%
VAC	D	-0.01%
MPW	C	-0.01%
COLM	B	-0.01%
AZTA	F	-0.01%
U	D	-0.01%
CLVT	D	-0.01%
PENN	D	-0.01%
IRDM	C	-0.01%
CXT	F	-0.01%
RH	C	-0.01%
TNL	B	-0.01%
PAYC	D	-0.01%
ZI	F	-0.01%
FHB	D	-0.01%
AM	A	-0.01%
NVST	D	-0.01%
TPG	A	-0.01%
PLNT	B	-0.01%
NWS	D	-0.01%
NSA	D	-0.01%
HIW	C	-0.01%
EPR	C	-0.01%
MSGS	A	-0.01%
LCID	F	-0.01%
CNXC	F	-0.01%
DNB	D	-0.01%
COTY	F	-0.01%
GTES	C	-0.01%
SEG	F	-0.0%
UWMC	D	-0.0%
NFE	F	-0.0%
DJT	F	-0.0%
UI	B	-0.0%
IONS	F	-0.0%
LBRDA	C	-0.0%
PLTK	C	-0.0%
CHH	A	-0.0%
SIRI	C	-0.0%
TFSL	D	-0.0%
PATH	D	-0.0%
HCP	A	-0.0%
TXG	F	-0.0%
FIVE	D	-0.0%
CAR	D	-0.0%
LSCC	D	-0.0%
PYCR	D	-0.0%
NCNO	F	-0.0%
AMC	F	-0.0%
CNA	D	-0.0%
HAS	A	-0.0%
UA	B	-0.0%
DV	F	-0.0%