MFUS vs. VOOV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard S&P 500 Value ETF (VOOV)

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

VOOV

Vanguard S&P 500 Value ETF

VOOV 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 S&P 500® Value Index, which represents the value companies of the S&P 500 Index. The index measures the performance of large-capitalization value stocks. 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

$190.12

Average Daily Volume

103,501

Number of Holdings ^*

430

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VOOV
30 Days	3.10%	3.07%
60 Days	4.82%	5.09%
90 Days	5.74%	7.10%
12 Months	28.93%	25.17%

299 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in VOOV	Overlap
	A	C	0.05%	0.2%	0.05%
	ABBV	C	1.34%	1.05%	1.05%
	ACN	C	0.19%	0.47%	0.19%
	ADM	D	0.32%	0.14%	0.14%
	ADP	B	0.09%	0.33%	0.09%
	ADSK	C	0.09%	0.13%	0.09%
	AES	C	0.03%	0.06%	0.03%
	AFL	C	0.19%	0.27%	0.19%
	AIG	D	0.42%	0.25%	0.25%
	AIZ	B	0.07%	0.05%	0.05%
	AJG	D	0.09%	0.15%	0.09%
	AKAM	D	0.03%	0.04%	0.03%
	ALGN	D	0.02%	0.04%	0.02%
	ALL	B	0.36%	0.24%	0.24%
	AMGN	B	1.03%	0.86%	0.86%
	AMP	A	0.08%	0.1%	0.08%
	ANSS	D	0.05%	0.06%	0.05%
	AON	B	0.19%	0.18%	0.18%
	AOS	D	0.11%	0.02%	0.02%
	APH	D	0.1%	0.17%	0.1%
	AVY	C	0.1%	0.09%	0.09%
	AXP	B	0.19%	0.21%	0.19%
	AZO	D	0.3%	0.08%	0.08%
	BAC	D	0.39%	1.33%	0.39%
	BALL	C	0.07%	0.09%	0.07%
	BAX	C	0.04%	0.09%	0.04%
	BBWI	F	0.02%	0.03%	0.02%
	BBY	C	0.24%	0.09%	0.09%
	BDX	D	0.09%	0.34%	0.09%
	BEN	F	0.04%	0.03%	0.03%
	BIIB	F	0.08%	0.14%	0.08%
	BK	B	0.27%	0.25%	0.25%
	BKR	C	0.16%	0.17%	0.16%
	BMY	C	0.28%	0.49%	0.28%
	BR	D	0.16%	0.05%	0.05%
	BRK.A	C	2.01%	4.13%	2.01%
	BRO	C	0.13%	0.03%	0.03%
	BSX	B	0.19%	0.26%	0.19%
	BWA	D	0.05%	0.04%	0.04%
	BX	B	0.23%	0.14%	0.14%
	BXP	B	0.02%	0.05%	0.02%
	C	C	1.22%	0.57%	0.57%
	CAG	C	0.05%	0.07%	0.05%
	CAH	C	0.35%	0.13%	0.13%
	CARR	B	0.12%	0.15%	0.12%
	CAT	B	0.41%	0.35%	0.35%
	CB	B	0.16%	0.55%	0.16%
	CCL	C	0.05%	0.02%	0.02%
	CDW	D	0.05%	0.08%	0.05%
	CEG	C	0.09%	0.16%	0.09%
	CFG	C	0.06%	0.09%	0.06%
	CHD	D	0.07%	0.06%	0.06%
	CHRW	B	0.09%	0.06%	0.06%
	CHTR	D	0.24%	0.09%	0.09%
	CI	C	0.14%	0.49%	0.14%
	CINF	B	0.02%	0.1%	0.02%
	CL	D	0.33%	0.26%	0.26%
	CLX	C	0.15%	0.09%	0.09%
	CMCSA	D	0.24%	0.74%	0.24%
	CMI	C	0.11%	0.21%	0.11%
	COF	B	0.42%	0.27%	0.27%
	COP	D	0.3%	0.2%	0.2%
	COST	B	1.21%	1.1%	1.1%
	CPB	C	0.01%	0.05%	0.01%
	CPT	B	0.06%	0.06%	0.06%
	CSCO	C	0.42%	0.98%	0.42%
	CSX	D	0.08%	0.16%	0.08%
	CTAS	B	0.18%	0.15%	0.15%
	CTLT	B	0.02%	0.05%	0.02%
	CTRA	D	0.02%	0.03%	0.02%
	CTVA	B	0.03%	0.19%	0.03%
	CVS	D	0.8%	0.34%	0.34%
	CVX	D	0.79%	1.22%	0.79%
	DD	B	0.21%	0.17%	0.17%
	DFS	B	0.08%	0.08%	0.08%
	DG	F	0.05%	0.09%	0.05%
	DGX	B	0.06%	0.08%	0.06%
	DHR	B	0.27%	0.85%	0.27%
	DLR	B	0.08%	0.14%	0.08%
	DLTR	F	0.02%	0.08%	0.02%
	DOV	B	0.02%	0.12%	0.02%
	DOW	D	0.04%	0.18%	0.04%
	DPZ	F	0.18%	0.04%	0.04%
	DRI	B	0.03%	0.04%	0.03%
	DUK	C	0.13%	0.42%	0.13%
	DVA	B	0.18%	0.02%	0.02%
	EA	D	0.09%	0.1%	0.09%
	EBAY	B	0.34%	0.14%	0.14%
	ECL	B	0.08%	0.15%	0.08%
	EFX	B	0.09%	0.11%	0.09%
	ELV	C	0.08%	0.62%	0.08%
	EMN	B	0.06%	0.06%	0.06%
	EMR	D	0.15%	0.22%	0.15%
	EOG	D	0.11%	0.12%	0.11%
	EQIX	C	0.03%	0.2%	0.03%
	ETN	C	0.18%	0.22%	0.18%
	EVRG	B	0.01%	0.07%	0.01%
	EXC	C	0.12%	0.18%	0.12%
	EXPD	C	0.07%	0.05%	0.05%
	EXR	B	0.07%	0.18%	0.07%
	F	F	0.33%	0.21%	0.21%
	FAST	C	0.1%	0.09%	0.09%
	FCX	D	0.09%	0.15%	0.09%
	FDS	C	0.05%	0.04%	0.04%
	FFIV	B	0.04%	0.06%	0.04%
	FIS	B	0.08%	0.22%	0.08%
	FITB	B	0.05%	0.14%	0.05%
	FOXA	B	0.08%	0.05%	0.05%
	GD	B	0.17%	0.33%	0.17%
	GE	B	1.09%	0.52%	0.52%
	GEHC	C	0.02%	0.17%	0.02%
	GILD	B	0.78%	0.47%	0.47%
	GIS	B	0.11%	0.2%	0.11%
	GLW	C	0.2%	0.15%	0.15%
	GM	C	0.56%	0.27%	0.27%
	GNRC	D	0.04%	0.02%	0.02%
	GPC	D	0.02%	0.1%	0.02%
	GS	C	0.45%	0.79%	0.45%
	GWW	B	0.17%	0.05%	0.05%
	HAL	F	0.04%	0.13%	0.04%
	HBAN	B	0.03%	0.1%	0.03%
	HCA	B	0.13%	0.19%	0.13%
	HD	B	0.39%	1.1%	0.39%
	HIG	B	0.06%	0.16%	0.06%
	HII	D	0.02%	0.05%	0.02%
	HOLX	B	0.03%	0.09%	0.03%
	HPE	D	0.2%	0.12%	0.12%
	HPQ	D	0.27%	0.15%	0.15%
	HRL	C	0.01%	0.05%	0.01%
	HSIC	C	0.03%	0.04%	0.03%
	HST	C	0.02%	0.02%	0.02%
	HSY	C	0.06%	0.08%	0.06%
	HUBB	B	0.08%	0.06%	0.06%
	HWM	B	0.12%	0.08%	0.08%
	IBM	B	1.32%	0.89%	0.89%
	ICE	C	0.29%	0.44%	0.29%
	IDXX	C	0.06%	0.08%	0.06%
	IEX	D	0.08%	0.07%	0.07%
	IFF	B	0.03%	0.13%	0.03%
	INCY	C	0.01%	0.05%	0.01%
	INTC	F	0.36%	0.45%	0.36%
	INVH	C	0.06%	0.1%	0.06%
	IP	B	0.12%	0.08%	0.08%
	IPG	C	0.07%	0.06%	0.06%
	IR	C	0.09%	0.04%	0.04%
	IRM	C	0.11%	0.08%	0.08%
	ITW	C	0.08%	0.18%	0.08%
	IVZ	B	0.05%	0.04%	0.04%
	JBHT	D	0.02%	0.07%	0.02%
	JBL	D	0.07%	0.03%	0.03%
	JKHY	B	0.1%	0.06%	0.06%
	JNJ	C	1.03%	1.91%	1.03%
	JNPR	B	0.13%	0.06%	0.06%
	JPM	D	0.9%	3.1%	0.9%
	K	B	0.1%	0.1%	0.1%
	KDP	B	0.06%	0.18%	0.06%
	KEY	B	0.02%	0.08%	0.02%
	KHC	C	0.16%	0.13%	0.13%
	KMB	D	0.16%	0.23%	0.16%
	KMI	B	0.08%	0.2%	0.08%
	KO	C	0.6%	0.82%	0.6%
	KR	C	0.34%	0.17%	0.17%
	L	C	0.08%	0.07%	0.07%
	LDOS	B	0.08%	0.1%	0.08%
	LEN	B	0.08%	0.09%	0.08%
	LHX	C	0.19%	0.22%	0.19%
	LMT	C	0.52%	0.58%	0.52%
	LOW	B	0.23%	0.68%	0.23%
	LVS	D	0.01%	0.03%	0.01%
	LW	D	0.04%	0.01%	0.01%
	LYB	D	0.21%	0.12%	0.12%
	MA	B	0.79%	0.53%	0.53%
	MAS	B	0.06%	0.04%	0.04%
	MCD	B	0.4%	0.56%	0.4%
	MCK	F	0.51%	0.35%	0.35%
	MCO	B	0.03%	0.19%	0.03%
	MDLZ	B	0.22%	0.27%	0.22%
	MET	B	0.36%	0.22%	0.22%
	MHK	C	0.01%	0.04%	0.01%
	MKC	C	0.08%	0.1%	0.08%
	MKTX	C	0.02%	0.04%	0.02%
	MLM	D	0.06%	0.05%	0.05%
	MMC	C	0.19%	0.26%	0.19%
	MMM	B	0.41%	0.36%	0.36%
	MNST	D	0.06%	0.06%	0.06%
	MO	C	0.52%	0.44%	0.44%
	MOH	D	0.03%	0.04%	0.03%
	MOS	F	0.04%	0.04%	0.04%
	MPC	F	0.64%	0.13%	0.13%
	MRK	D	0.87%	0.86%	0.86%
	MRO	C	0.1%	0.04%	0.04%
	MSCI	C	0.07%	0.09%	0.07%
	MSI	B	0.15%	0.15%	0.15%
	MTB	B	0.03%	0.14%	0.03%
	MTD	D	0.08%	0.09%	0.08%
	MU	F	0.15%	0.51%	0.15%
	NDAQ	A	0.02%	0.14%	0.02%
	NDSN	C	0.04%	0.07%	0.04%
	NEM	B	0.09%	0.3%	0.09%
	NKE	D	0.04%	0.28%	0.04%
	NOC	B	0.23%	0.35%	0.23%
	NRG	C	0.07%	0.08%	0.07%
	NTAP	D	0.08%	0.08%	0.08%
	NTRS	A	0.02%	0.09%	0.02%
	NUE	F	0.08%	0.06%	0.06%
	NWSA	D	0.06%	0.05%	0.05%
	OKE	B	0.08%	0.1%	0.08%
	OMC	B	0.06%	0.09%	0.06%
	ORLY	C	0.18%	0.09%	0.09%
	OTIS	C	0.07%	0.11%	0.07%
	PARA	F	0.02%	0.02%	0.02%
	PAYX	C	0.03%	0.12%	0.03%
	PCAR	D	0.08%	0.07%	0.07%
	PEG	B	0.05%	0.19%	0.05%
	PEP	C	0.62%	0.73%	0.62%
	PFE	C	0.53%	0.79%	0.53%
	PFG	B	0.01%	0.08%	0.01%
	PG	C	0.88%	1.18%	0.88%
	PGR	B	0.5%	0.35%	0.35%
	PH	B	0.13%	0.08%	0.08%
	PKG	B	0.05%	0.09%	0.05%
	PM	C	0.56%	0.58%	0.56%
	PNC	B	0.1%	0.35%	0.1%
	PNR	B	0.08%	0.02%	0.02%
	POOL	C	0.07%	0.03%	0.03%
	PPG	D	0.04%	0.15%	0.04%
	PRU	C	0.25%	0.21%	0.21%
	PSA	B	0.03%	0.15%	0.03%
	PSX	F	0.54%	0.29%	0.29%
	PTC	D	0.05%	0.04%	0.04%
	PWR	B	0.13%	0.06%	0.06%
	QCOM	D	0.62%	0.45%	0.45%
	QRVO	F	0.01%	0.05%	0.01%
	REGN	C	0.45%	0.24%	0.24%
	RJF	C	0.01%	0.11%	0.01%
	RL	C	0.04%	0.01%	0.01%
	RMD	C	0.13%	0.17%	0.13%
	ROL	C	0.05%	0.04%	0.04%
	ROP	C	0.06%	0.16%	0.06%
	RSG	D	0.13%	0.09%	0.09%
	SBAC	C	0.03%	0.07%	0.03%
	SBUX	C	0.06%	0.21%	0.06%
	SCHW	D	0.16%	0.47%	0.16%
	SHW	B	0.21%	0.21%	0.21%
	SJM	C	0.03%	0.06%	0.03%
	SLB	F	0.09%	0.3%	0.09%
	SPG	B	0.15%	0.17%	0.15%
	SPGI	B	0.06%	0.44%	0.06%
	STE	C	0.12%	0.05%	0.05%
	STLD	F	0.04%	0.03%	0.03%
	STZ	D	0.04%	0.19%	0.04%
	SYF	C	0.29%	0.1%	0.1%
	SYY	D	0.07%	0.19%	0.07%
	T	C	1.23%	0.68%	0.68%
	TAP	D	0.08%	0.05%	0.05%
	TER	D	0.03%	0.1%	0.03%
	TFC	C	0.09%	0.29%	0.09%
	TFX	C	0.03%	0.06%	0.03%
	TGT	C	0.68%	0.34%	0.34%
	TJX	B	0.34%	0.22%	0.22%
	TMUS	C	0.31%	0.49%	0.31%
	TPR	C	0.01%	0.05%	0.01%
	TROW	D	0.08%	0.11%	0.08%
	TRV	C	0.32%	0.25%	0.25%
	TSCO	C	0.07%	0.08%	0.07%
	TSN	C	0.22%	0.09%	0.09%
	TTWO	C	0.07%	0.06%	0.06%
	TXN	C	0.21%	0.59%	0.21%
	TXT	D	0.03%	0.08%	0.03%
	UAL	C	0.01%	0.07%	0.01%
	UDR	C	0.03%	0.06%	0.03%
	UHS	B	0.09%	0.07%	0.07%
	ULTA	D	0.04%	0.03%	0.03%
	UNP	C	0.48%	0.41%	0.41%
	UPS	D	0.19%	0.45%	0.19%
	USB	B	0.11%	0.35%	0.11%
	V	C	0.86%	0.71%	0.71%
	VLO	F	0.54%	0.23%	0.23%
	VMC	D	0.06%	0.06%	0.06%
	VRSK	D	0.2%	0.08%	0.08%
	VRSN	D	0.04%	0.04%	0.04%
	VRTX	D	0.21%	0.22%	0.21%
	VTRS	D	0.13%	0.07%	0.07%
	VZ	B	1.01%	0.84%	0.84%
	WAB	B	0.04%	0.14%	0.04%
	WAT	C	0.05%	0.06%	0.05%
	WBA	F	0.14%	0.03%	0.03%
	WDC	D	0.15%	0.1%	0.1%
	WELL	C	0.12%	0.35%	0.12%
	WFC	D	1.4%	0.98%	0.98%
	WM	D	0.23%	0.2%	0.2%
	WMB	B	0.08%	0.16%	0.08%
	WMT	C	1.87%	1.58%	1.58%
	WRB	C	0.02%	0.09%	0.02%
	WTW	C	0.05%	0.14%	0.05%
	XOM	C	0.99%	2.54%	0.99%
	XYL	C	0.11%	0.16%	0.11%
	YUM	D	0.1%	0.1%	0.1%
	ZTS	C	0.04%	0.18%	0.04%

MFUS Overweight 481 Positions Relative to VOOV

	Symbol	Grade	Weight
	LLY	C	2.48%
	META	B	2.02%
	NVDA	D	1.6%
	AVGO	C	1.34%
	AMZN	C	1.27%
	GOOGL	D	1.17%
	ORCL	C	1.13%
	AAPL	C	0.67%
	BKNG	C	0.47%
	NFLX	B	0.44%
	AMAT	D	0.44%
	NOW	B	0.37%
	CRM	D	0.35%
	THC	A	0.27%
	LRCX	F	0.27%
	VST	C	0.26%
	INTU	C	0.26%
	ANF	D	0.26%
	PANW	D	0.25%
	LII	B	0.23%
	KLAC	D	0.23%
	CMG	C	0.22%
	FICO	B	0.22%
	UBER	C	0.21%
	WSM	D	0.21%
	WSO	C	0.2%
	CME	C	0.2%
	CPRT	D	0.19%
	SFM	B	0.19%
	PHM	B	0.17%
	DECK	C	0.17%
	MUSA	D	0.17%
	IT	B	0.16%
	UTHR	C	0.16%
	CASY	D	0.15%
	TDG	B	0.15%
	BAH	C	0.14%
	SMCI	F	0.14%
	KKR	B	0.13%
	TRGP	B	0.13%
	EVR	A	0.12%
	ANET	B	0.12%
	RPM	B	0.11%
	MAR	C	0.11%
	GPK	B	0.1%
	TOL	B	0.1%
	APO	C	0.1%
	FTI	D	0.1%
	ALLY	F	0.1%
	UNM	B	0.1%
	CRS	B	0.1%
	GPI	B	0.09%
	ERIE	B	0.09%
	USFD	B	0.09%
	AEO	F	0.09%
	JXN	A	0.09%
	DASH	C	0.09%
	HRB	C	0.09%
	ARES	B	0.09%
	URI	B	0.09%
	DKS	D	0.09%
	GDDY	C	0.09%
	CACI	B	0.09%
	WCC	D	0.08%
	OGN	D	0.08%
	LECO	F	0.08%
	WU	F	0.08%
	HLI	B	0.08%
	TYL	C	0.08%
	MTH	A	0.08%
	ALSN	B	0.08%
	ITT	B	0.08%
	HLT	B	0.08%
	RCL	B	0.08%
	EHC	C	0.08%
	RS	D	0.08%
	LUMN	C	0.08%
	BWXT	D	0.08%
	TMHC	A	0.08%
	AN	D	0.08%
	MPWR	C	0.08%
	CW	B	0.08%
	LSTR	D	0.08%
	ABG	D	0.07%
	ARW	C	0.07%
	CMC	D	0.07%
	CALM	A	0.07%
	SLG	B	0.07%
	CE	F	0.07%
	CCK	A	0.07%
	OSK	F	0.07%
	FCN	D	0.07%
	EQH	C	0.07%
	OC	D	0.07%
	SEIC	C	0.07%
	NVR	B	0.07%
	GAP	F	0.07%
	LPLA	D	0.07%
	ATR	B	0.07%
	GLPI	C	0.07%
	TTC	D	0.07%
	ROST	C	0.07%
	AYI	B	0.07%
	MMS	C	0.06%
	TPX	C	0.06%
	PK	D	0.06%
	BERY	B	0.06%
	KD	D	0.06%
	R	A	0.06%
	VNO	B	0.06%
	MSM	D	0.06%
	HCC	F	0.06%
	KSS	F	0.06%
	FTNT	C	0.06%
	CHE	C	0.06%
	BCC	B	0.06%
	BC	C	0.06%
	TEX	F	0.06%
	NSIT	D	0.06%
	X	F	0.06%
	SLM	D	0.06%
	INGR	B	0.06%
	SCI	B	0.06%
	SEE	D	0.06%
	GNTX	F	0.06%
	PBF	F	0.06%
	CRI	D	0.06%
	COIN	F	0.06%
	MLI	A	0.06%
	THO	D	0.06%
	CNX	B	0.06%
	LPX	B	0.06%
	UFPI	C	0.06%
	AMG	C	0.05%
	ATGE	C	0.05%
	CBT	B	0.05%
	CRUS	D	0.05%
	SKYW	C	0.05%
	ATI	C	0.05%
	WEN	C	0.05%
	TKR	D	0.05%
	MUR	F	0.05%
	RGA	C	0.05%
	LNC	D	0.05%
	LAMR	B	0.05%
	LOPE	D	0.05%
	MTN	D	0.05%
	VIRT	C	0.05%
	TW	B	0.05%
	TXRH	C	0.05%
	NYT	C	0.05%
	NXST	D	0.05%
	FCNCA	D	0.05%
	DELL	D	0.05%
	IBKR	B	0.05%
	SANM	D	0.05%
	FL	D	0.05%
	WPC	C	0.05%
	POST	C	0.05%
	FIX	B	0.05%
	CPAY	B	0.05%
	URBN	F	0.05%
	G	C	0.05%
	SUI	B	0.05%
	FLEX	C	0.05%
	JLL	B	0.05%
	EXP	B	0.05%
	MHO	B	0.05%
	KTB	B	0.05%
	TPH	C	0.05%
	CMA	B	0.04%
	APLE	D	0.04%
	GEO	F	0.04%
	SAIA	D	0.04%
	OLN	D	0.04%
	HUBG	C	0.04%
	WTM	D	0.04%
	FHI	A	0.04%
	TGNA	D	0.04%
	BLDR	C	0.04%
	CRBG	D	0.04%
	COLD	D	0.04%
	GATX	D	0.04%
	VC	F	0.04%
	CNO	B	0.04%
	SON	C	0.04%
	AR	F	0.04%
	XRAY	D	0.04%
	PR	F	0.04%
	AMH	C	0.04%
	HEI	B	0.04%
	RGLD	C	0.04%
	GVA	B	0.04%
	RRC	D	0.04%
	NBIX	F	0.04%
	ENTG	F	0.04%
	PVH	F	0.04%
	GNW	B	0.04%
	PINS	F	0.04%
	ELS	C	0.04%
	MAN	C	0.04%
	SEB	D	0.04%
	ABM	D	0.04%
	AGNC	B	0.04%
	FLO	C	0.04%
	MOG.A	B	0.04%
	DCI	C	0.04%
	MTG	B	0.04%
	ADBE	F	0.04%
	BTU	D	0.04%
	HXL	F	0.04%
	THG	B	0.04%
	GGG	C	0.04%
	SRCL	A	0.04%
	KBH	A	0.04%
	ACM	B	0.04%
	WHR	D	0.04%
	BDC	B	0.04%
	FANG	D	0.04%
	WST	D	0.04%
	LANC	D	0.04%
	SIG	C	0.04%
	SMG	C	0.04%
	NOV	F	0.04%
	AVT	C	0.04%
	M	F	0.04%
	COOP	C	0.04%
	NFG	B	0.04%
	PAG	D	0.04%
	CLH	A	0.04%
	CUBE	B	0.04%
	SLGN	B	0.04%
	MAC	B	0.04%
	NEU	D	0.03%
	SSD	D	0.03%
	OKTA	F	0.03%
	ZION	D	0.03%
	COKE	C	0.03%
	FNF	B	0.03%
	HOOD	C	0.03%
	VVV	D	0.03%
	FR	B	0.03%
	PRG	B	0.03%
	NAVI	C	0.03%
	MC	B	0.03%
	RLI	B	0.03%
	DK	F	0.03%
	BKU	C	0.03%
	BRKR	D	0.03%
	BURL	B	0.03%
	AWI	B	0.03%
	PRIM	B	0.03%
	YELP	F	0.03%
	GBX	C	0.03%
	SM	F	0.03%
	MDU	C	0.03%
	WH	B	0.03%
	HP	F	0.03%
	SHOO	B	0.03%
	DBRG	D	0.03%
	BFAM	C	0.03%
	RUSHA	C	0.03%
	AMKR	F	0.03%
	MORN	C	0.03%
	BJ	D	0.03%
	WTS	C	0.03%
	SBH	B	0.03%
	DLB	D	0.03%
	RPRX	C	0.03%
	HBI	B	0.03%
	LEA	F	0.03%
	TRN	D	0.03%
	AVA	C	0.03%
	PDCO	F	0.03%
	GT	F	0.03%
	MKL	C	0.03%
	BLD	D	0.03%
	MANH	B	0.03%
	EME	B	0.03%
	SEM	D	0.03%
	SLVM	B	0.03%
	TDS	C	0.03%
	ACA	B	0.03%
	JEF	B	0.03%
	FND	C	0.03%
	DINO	F	0.03%
	DOX	C	0.03%
	BHF	F	0.03%
	MSA	D	0.03%
	XPO	D	0.03%
	CVLT	B	0.03%
	VSH	F	0.03%
	APP	C	0.03%
	JHG	B	0.03%
	ASO	C	0.03%
	OMF	D	0.03%
	APG	D	0.03%
	UHAL	A	0.03%
	PSTG	F	0.03%
	GMS	D	0.03%
	AROC	D	0.03%
	CPNG	B	0.03%
	DDS	F	0.03%
	JWN	C	0.03%
	OI	D	0.03%
	AVTR	B	0.03%
	LEG	D	0.02%
	ODFL	D	0.02%
	TTEK	C	0.02%
	VFC	C	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%
	RHI	D	0.02%
	DORM	B	0.02%
	CHDN	C	0.02%
	EWBC	D	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%
	GWRE	A	0.02%
	LBRDK	F	0.02%
	XHR	B	0.02%
	AIT	A	0.02%
	AGCO	D	0.02%
	NTCT	C	0.02%
	AA	D	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%
	KBR	D	0.02%
	NSP	F	0.02%
	VSTO	C	0.02%
	PSN	B	0.02%
	WMS	D	0.02%
	FLS	D	0.02%
	RLJ	D	0.02%
	PFSI	C	0.02%
	CG	D	0.02%
	GEF	D	0.02%
	HAE	F	0.02%
	GMED	D	0.02%
	SKX	D	0.02%
	AIR	C	0.02%
	KMPR	D	0.02%
	LNW	B	0.02%
	ORA	C	0.02%
	COHR	C	0.02%
	CXW	F	0.02%
	PLXS	A	0.02%
	APAM	C	0.02%
	CHRD	F	0.02%
	AXTA	B	0.02%
	TDC	F	0.02%
	PNM	B	0.02%
	FAF	B	0.02%
	WERN	D	0.02%
	EXEL	C	0.02%
	DRH	C	0.02%
	PINC	C	0.02%
	LZB	C	0.02%
	MASI	F	0.02%
	VNT	F	0.02%
	SHO	C	0.02%
	STC	B	0.02%
	HOG	C	0.02%
	BKE	B	0.02%
	ADNT	F	0.02%
	UNF	C	0.02%
	RYN	C	0.02%
	NVT	D	0.02%
	THS	C	0.02%
	MATX	B	0.02%
	AAP	F	0.01%
	KNX	C	0.01%
	SCHL	D	0.01%
	UHAL	A	0.01%
	SCL	D	0.01%
	ARCH	F	0.01%
	JAZZ	D	0.01%
	LYFT	D	0.01%
	CACC	F	0.01%
	KALU	F	0.01%
	SCCO	D	0.01%
	ACI	F	0.01%
	SWN	D	0.01%
	ECPG	D	0.01%
	MKSI	F	0.01%
	WGO	D	0.01%
	UVV	D	0.01%
	ESI	D	0.01%
	HELE	D	0.01%
	HPP	D	0.01%
	HUN	D	0.01%
	MTDR	F	0.01%
	MLKN	D	0.01%
	SWX	C	0.01%
	ELAN	D	0.01%
	WOR	D	0.01%
	BECN	D	0.01%
	JELD	D	0.01%
	CNM	F	0.01%
	SYNA	F	0.01%
	ESAB	C	0.01%
	SIGI	D	0.01%
	ARCB	D	0.01%
	CENTA	F	0.01%
	JBGS	C	0.01%
	FLR	D	0.01%
	AMED	C	0.01%
	FHN	D	0.01%
	AFG	B	0.01%
	FELE	C	0.01%
	DTM	B	0.01%
	WAFD	C	0.01%
	SPB	C	0.01%
	WMK	C	0.01%
	BRC	C	0.01%
	DY	B	0.01%
	CADE	C	0.01%
	WTFC	B	0.01%
	KN	D	0.01%
	PECO	B	0.01%
	CR	C	0.01%
	ONB	C	0.01%
	CBSH	C	0.01%
	CBRL	D	0.01%
	CSGS	C	0.01%
	SAIC	C	0.01%
	STRA	F	0.01%
	SF	A	0.01%
	TTMI	D	0.01%
	CPRI	D	0.01%
	CVI	F	0.01%
	DEI	B	0.01%
	AMWD	D	0.01%
	WBS	D	0.01%
	TREX	D	0.01%
	WWD	D	0.01%
	LAUR	C	0.01%
	OMI	D	0.01%
	SAH	D	0.01%
	NNI	B	0.01%
	H	C	0.01%
	RBC	C	0.01%
	LAD	D	0.01%
	IOSP	D	0.01%
	LADR	B	0.01%
	GOLF	D	0.01%
	KEX	C	0.01%
	PSMT	B	0.01%
	TNET	F	0.01%
	CWEN	C	0.01%
	SNV	C	0.01%
	BHE	D	0.01%
	DAN	F	0.01%
	OLLI	C	0.01%
	PTEN	F	0.01%
	ESNT	B	0.01%
	FYBR	C	0.01%
	PHIN	B	0.01%
	SCS	D	0.01%
	DNOW	D	0.01%
	WAL	B	0.01%
	CSL	B	0.01%
	SATS	C	0.01%
	NOMD	B	0.0%
	WOLF	F	0.0%

MFUS Underweight 131 Positions Relative to VOOV

	Symbol	Grade	Weight
	UNH	C	-1.62%
	ABT	C	-0.95%
	RTX	C	-0.79%
	DIS	D	-0.79%
	NEE	C	-0.79%
	TMO	B	-0.7%
	HON	D	-0.65%
	MS	D	-0.62%
	BLK	B	-0.6%
	PLD	C	-0.57%
	MDT	C	-0.56%
	LIN	B	-0.53%
	SO	B	-0.45%
	PYPL	B	-0.36%
	FDX	C	-0.32%
	AMT	C	-0.3%
	APD	B	-0.3%
	ISRG	B	-0.29%
	NSC	C	-0.28%
	BA	F	-0.27%
	O	C	-0.26%
	SRE	C	-0.25%
	AEP	C	-0.25%
	ADI	C	-0.23%
	CCI	C	-0.23%
	D	C	-0.22%
	DE	B	-0.21%
	SYK	C	-0.21%
	KVUE	C	-0.2%
	CNC	D	-0.2%
	PCG	C	-0.2%
	HUM	F	-0.2%
	CTSH	C	-0.19%
	OXY	F	-0.18%
	CBRE	A	-0.17%
	VICI	C	-0.17%
	ED	C	-0.17%
	JCI	B	-0.17%
	EIX	C	-0.16%
	XEL	B	-0.16%
	GEV	B	-0.15%
	AVB	B	-0.15%
	DVN	F	-0.14%
	GPN	D	-0.14%
	IQV	C	-0.14%
	TEL	D	-0.14%
	WEC	C	-0.14%
	STT	A	-0.13%
	EW	F	-0.13%
	KEYS	C	-0.13%
	AWK	B	-0.13%
	FSLR	C	-0.12%
	SW	B	-0.12%
	VLTO	C	-0.12%
	VTR	C	-0.12%
	TT	B	-0.12%
	ETR	B	-0.12%
	MRNA	F	-0.12%
	EQR	B	-0.12%
	DTE	C	-0.12%
	ABNB	D	-0.12%
	AEE	C	-0.11%
	WY	C	-0.11%
	FE	C	-0.11%
	PPL	C	-0.11%
	ZBH	F	-0.11%
	ES	C	-0.11%
	EQT	D	-0.1%
	CMS	C	-0.1%
	TDY	B	-0.1%
	AME	C	-0.1%
	EL	F	-0.1%
	RF	B	-0.1%
	ZBRA	B	-0.09%
	CSGP	D	-0.09%
	MCHP	F	-0.09%
	ON	D	-0.09%
	ARE	C	-0.09%
	J	C	-0.09%
	MAA	B	-0.09%
	ESS	B	-0.09%
	APTV	D	-0.09%
	ATO	B	-0.09%
	DOC	C	-0.08%
	SWK	B	-0.08%
	ROK	D	-0.08%
	NXPI	F	-0.08%
	AMCR	B	-0.08%
	EG	C	-0.08%
	LUV	C	-0.08%
	CNP	C	-0.08%
	WBD	D	-0.08%
	SWKS	D	-0.08%
	TRMB	C	-0.07%
	BG	D	-0.07%
	NI	B	-0.07%
	LNT	B	-0.07%
	KIM	C	-0.07%
	TECH	C	-0.06%
	REG	C	-0.06%
	DAL	C	-0.06%
	GRMN	D	-0.06%
	KMX	D	-0.06%
	MTCH	C	-0.05%
	PNW	C	-0.05%
	CRL	F	-0.05%
	ENPH	D	-0.05%
	ALB	D	-0.05%
	DXCM	F	-0.05%
	LKQ	F	-0.05%
	STX	C	-0.05%
	ALLE	B	-0.04%
	CBOE	C	-0.04%
	FMC	C	-0.04%
	SNA	C	-0.04%
	FRT	C	-0.04%
	PODD	B	-0.04%
	GL	C	-0.04%
	SOLV	C	-0.04%
	HAS	B	-0.04%
	BIO	C	-0.03%
	AAL	D	-0.03%
	EPAM	F	-0.03%
	CF	C	-0.03%
	CZR	C	-0.02%
	ETSY	F	-0.02%
	DAY	D	-0.02%
	PAYC	D	-0.02%
	FOX	B	-0.02%
	NWS	D	-0.01%
	MGM	F	-0.01%

MFUS: Top Represented Industries & Keywords

Industries: Diversified Industrials Asset Management Banks - Regional - US Software - Application Business Services Packaged Foods Specialty Chemicals Specialty Retail Building Materials Capital Markets Insurance - Property & Casualty Oil & Gas E&P Aerospace & Defense Credit Services Packaging & Containers Engineering & Construction Information Technology Services Semiconductors Medical Instruments & Supplies REIT - Diversified

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

VOOV: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Asset Management Banks - Regional - US Capital Markets Packaged Foods Semiconductors Drug Manufacturers - Major Medical Devices Specialty Retail Aerospace & Defense Credit Services Health Care Plans Household & Personal Products Insurance - Property & Casualty Medical Instruments & Supplies Oil & Gas E&P REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Dow Jones Component Electronics Aerospace Chemical Real Estate Investment Trust Computing Medicine Bank Banking Telecommunications Insurance Products Investment Bank Plastic Mining Biotechnology