MFUS vs. VT ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard Total World Stock Index ETF (VT)

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

VT

Vanguard Total World Stock Index ETF

VT Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets around the world. The fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap Index, a free-float-adjusted, market-capitalization-weighted index designed to measure the market performance of large-, mid-, and small-capitalization stocks of companies located around the world. The index includes approximately 7,240 stocks of companies located in 50 countries, including both developed and emerging markets.

Grade (RS Rating)

Last Trade

$119.51

Average Daily Volume

1,206,817

Number of Holdings ^*

472

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VT
30 Days	3.55%	4.31%
60 Days	10.60%	11.34%
90 Days	6.54%	4.55%
12 Months	36.03%	32.55%

239 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VT	Overlap
A	B	0.05%	0.05%	0.05%
AAPL	C	0.97%	3.81%	0.97%
ABBV	C	1.56%	0.1%	0.1%
ABBV	C	1.56%	0.4%	0.4%
ACN	B	0.23%	0.25%	0.23%
ADBE	F	0.04%	0.29%	0.04%
ADM	F	0.25%	0.03%	0.03%
ADP	A	0.1%	0.13%	0.1%
ADSK	B	0.08%	0.06%	0.06%
AEP	C	0.09%	0.06%	0.06%
AFL	A	0.22%	0.07%	0.07%
AIG	C	0.34%	0.06%	0.06%
AJG	C	0.14%	0.07%	0.07%
ALL	A	0.26%	0.06%	0.06%
ALNY	C	0.07%	0.04%	0.04%
AMAT	C	0.59%	0.19%	0.19%
AMGN	D	1.01%	0.2%	0.2%
AMP	A	0.12%	0.05%	0.05%
AMT	D	0.16%	0.12%	0.12%
AMZN	C	1.6%	1.9%	1.6%
ANET	A	0.14%	0.1%	0.1%
AON	A	0.23%	0.08%	0.08%
APH	D	0.11%	0.09%	0.09%
AVB	C	0.03%	0.04%	0.03%
AVGO	B	1.68%	0.85%	0.85%
AXP	A	0.21%	0.17%	0.17%
AZO	D	0.29%	0.06%	0.06%
BAC	B	0.39%	0.32%	0.32%
BDX	C	0.12%	0.08%	0.08%
BK	A	0.17%	0.06%	0.06%
BKNG	B	0.36%	0.15%	0.15%
BKR	B	0.07%	0.04%	0.04%
BLK	A	0.17%	0.15%	0.15%
BMY	A	0.36%	0.12%	0.12%
BRK.A	B	2.37%	0.84%	0.84%
BRK.A	B	2.37%	0.15%	0.15%
BSX	A	0.2%	0.14%	0.14%
BX	C	0.11%	0.12%	0.11%
C	B	0.63%	0.14%	0.14%
CARR	A	0.05%	0.07%	0.05%
CAT	A	0.2%	0.2%	0.2%
CB	A	0.17%	0.13%	0.13%
CBRE	C	0.05%	0.04%	0.04%
CCI	D	0.08%	0.06%	0.06%
CDW	D	0.04%	0.03%	0.03%
CEG	A	0.13%	0.07%	0.07%
CHTR	D	0.25%	0.04%	0.04%
CI	D	0.15%	0.12%	0.12%
CL	D	0.41%	0.1%	0.1%
CMCSA	B	0.16%	0.18%	0.16%
CMG	C	0.2%	0.09%	0.09%
CMI	A	0.13%	0.05%	0.05%
CNC	F	0.06%	0.05%	0.05%
COF	A	0.24%	0.06%	0.06%
COIN	F	0.06%	0.04%	0.04%
COP	D	0.07%	0.15%	0.07%
COST	C	1.36%	0.45%	0.45%
CPRT	B	0.08%	0.05%	0.05%
CSCO	A	0.61%	0.23%	0.23%
CSX	D	0.11%	0.08%	0.08%
CTAS	C	0.19%	0.08%	0.08%
CTVA	A	0.04%	0.05%	0.04%
CVI	D	0.01%	0.0%	0.0%
CVS	D	0.71%	0.08%	0.08%
CVX	B	0.36%	0.29%	0.29%
D	A	0.07%	0.05%	0.05%
DASH	A	0.09%	0.05%	0.05%
DD	C	0.11%	0.04%	0.04%
DFS	A	0.08%	0.04%	0.04%
DHI	C	0.07%	0.06%	0.06%
DHR	D	0.28%	0.2%	0.2%
DLR	C	0.08%	0.06%	0.06%
DOW	B	0.02%	0.04%	0.02%
DUK	C	0.14%	0.1%	0.1%
EA	D	0.16%	0.05%	0.05%
EBAY	A	0.38%	0.03%	0.03%
ECL	C	0.08%	0.07%	0.07%
ED	C	0.06%	0.04%	0.04%
EFX	D	0.13%	0.04%	0.04%
EIX	C	0.05%	0.04%	0.04%
ELV	F	0.2%	0.15%	0.15%
EMR	B	0.07%	0.07%	0.07%
EXC	C	0.07%	0.04%	0.04%
EXR	D	0.13%	0.04%	0.04%
F	D	0.15%	0.05%	0.05%
FANG	D	0.05%	0.04%	0.04%
FAST	C	0.11%	0.04%	0.04%
FICO	C	0.21%	0.05%	0.05%
FIS	A	0.07%	0.05%	0.05%
FTNT	A	0.06%	0.06%	0.06%
GD	C	0.24%	0.09%	0.09%
GE	B	0.61%	0.22%	0.22%
GEHC	C	0.08%	0.04%	0.04%
GES	F	0.02%	0.0%	0.0%
GILD	A	0.79%	0.11%	0.11%
GIS	C	0.2%	0.05%	0.05%
GLW	C	0.19%	0.04%	0.04%
GM	D	0.32%	0.06%	0.06%
GS	B	0.35%	0.18%	0.18%
GWW	B	0.19%	0.05%	0.05%
HCA	C	0.3%	0.09%	0.09%
HD	A	0.6%	0.42%	0.42%
HIG	A	0.06%	0.04%	0.04%
HLT	A	0.09%	0.06%	0.06%
HPQ	B	0.29%	0.04%	0.04%
HWM	A	0.15%	0.04%	0.04%
IBM	A	1.14%	0.21%	0.21%
ICE	A	0.3%	0.1%	0.1%
IDXX	D	0.06%	0.05%	0.05%
INTC	D	0.19%	0.11%	0.11%
IR	A	0.08%	0.04%	0.04%
IRM	B	0.12%	0.04%	0.04%
ISRG	C	0.23%	0.2%	0.2%
IT	A	0.14%	0.04%	0.04%
ITW	C	0.1%	0.09%	0.09%
JBLU	B	0.02%	0.0%	0.0%
JCI	C	0.06%	0.06%	0.06%
JNJ	D	1.28%	0.46%	0.46%
JPM	C	0.88%	0.74%	0.74%
KDP	C	0.08%	0.04%	0.04%
KHC	F	0.16%	0.04%	0.04%
KKR	A	0.14%	0.1%	0.1%
KLAC	B	0.28%	0.13%	0.13%
KMB	D	0.18%	0.05%	0.05%
KMI	A	0.09%	0.05%	0.05%
KO	C	1.16%	0.32%	0.32%
KR	C	0.37%	0.04%	0.04%
LEN	C	0.07%	0.05%	0.05%
LHX	A	0.23%	0.05%	0.05%
LLY	D	2.87%	0.93%	0.93%
LMT	A	0.82%	0.14%	0.14%
LOW	C	0.34%	0.16%	0.16%
LRCX	D	0.19%	0.12%	0.12%
MA	A	0.27%	0.46%	0.27%
MAR	A	0.04%	0.06%	0.04%
MATX	C	0.03%	0.0%	0.0%
MCD	A	0.55%	0.24%	0.24%
MCK	F	0.5%	0.08%	0.08%
MCO	D	0.12%	0.09%	0.09%
MDLZ	D	0.26%	0.11%	0.11%
MET	A	0.32%	0.05%	0.05%
META	A	2.37%	1.31%	1.31%
MLM	F	0.07%	0.04%	0.04%
MMC	D	0.19%	0.13%	0.13%
MMM	C	0.63%	0.08%	0.08%
MNST	D	0.07%	0.04%	0.04%
MO	D	0.66%	0.11%	0.11%
MPC	D	0.36%	0.07%	0.07%
MPWR	B	0.1%	0.05%	0.05%
MRK	F	1.0%	0.34%	0.34%
MS	A	0.18%	0.14%	0.14%
MSCI	B	0.06%	0.05%	0.05%
MSI	A	0.18%	0.08%	0.08%
MTD	C	0.1%	0.04%	0.04%
MU	D	0.15%	0.12%	0.12%
NEE	C	0.25%	0.19%	0.19%
NEM	C	0.22%	0.06%	0.06%
NFLX	A	0.46%	0.34%	0.34%
NKE	D	0.07%	0.11%	0.07%
NOC	B	0.38%	0.08%	0.08%
NOW	B	0.31%	0.2%	0.2%
NSC	C	0.07%	0.07%	0.07%
NUE	D	0.08%	0.04%	0.04%
NVDA	B	1.64%	3.25%	1.64%
O	C	0.06%	0.06%	0.06%
ODFL	F	0.02%	0.04%	0.02%
OKE	A	0.09%	0.06%	0.06%
ORA	C	0.02%	0.0%	0.0%
ORCL	A	1.38%	0.25%	0.25%
ORLY	A	0.19%	0.08%	0.08%
OTIS	A	0.08%	0.04%	0.04%
PANW	B	0.22%	0.13%	0.13%
PAYX	B	0.04%	0.05%	0.04%
PEG	A	0.06%	0.05%	0.05%
PEP	F	0.77%	0.27%	0.27%
PFE	D	0.64%	0.19%	0.19%
PG	D	1.04%	0.46%	0.46%
PGR	B	0.6%	0.17%	0.17%
PH	A	0.13%	0.09%	0.09%
PLTR	A	0.14%	0.07%	0.07%
PM	D	0.83%	0.22%	0.22%
PNC	C	0.11%	0.08%	0.08%
PPG	D	0.05%	0.03%	0.03%
PRU	B	0.23%	0.05%	0.05%
PSA	C	0.1%	0.06%	0.06%
PSX	D	0.23%	0.07%	0.07%
PWR	A	0.11%	0.05%	0.05%
PYPL	A	0.11%	0.09%	0.09%
QCOM	D	0.8%	0.22%	0.22%
RCL	B	0.08%	0.04%	0.04%
REGN	D	0.49%	0.14%	0.14%
RMD	C	0.17%	0.04%	0.04%
ROP	D	0.06%	0.07%	0.06%
RSG	D	0.13%	0.05%	0.05%
RTX	A	0.23%	0.19%	0.19%
SBUX	B	0.09%	0.12%	0.09%
SCHW	D	0.04%	0.11%	0.04%
SHW	C	0.22%	0.1%	0.1%
SLB	D	0.01%	0.07%	0.01%
SO	A	0.13%	0.11%	0.11%
SPG	A	0.16%	0.06%	0.06%
SPGI	C	0.27%	0.18%	0.18%
SQ	D	0.05%	0.04%	0.04%
SRE	C	0.08%	0.0%	0.0%
STZ	D	0.06%	0.04%	0.04%
SVC	D	0.01%	0.0%	0.0%
SYY	D	0.13%	0.04%	0.04%
T	B	0.74%	0.16%	0.16%
TDG	A	0.17%	0.09%	0.09%
TFC	D	0.08%	0.07%	0.07%
TGT	C	0.77%	0.08%	0.08%
TJX	D	0.38%	0.15%	0.15%
TMO	D	0.33%	0.27%	0.27%
TMUS	A	0.38%	0.11%	0.11%
TRGP	A	0.09%	0.04%	0.04%
TRV	B	0.2%	0.06%	0.06%
TXN	C	0.3%	0.22%	0.22%
UBER	C	0.23%	0.17%	0.17%
UNH	B	0.79%	0.62%	0.62%
UNP	F	0.54%	0.18%	0.18%
UPS	D	0.25%	0.11%	0.11%
URI	C	0.09%	0.06%	0.06%
USB	C	0.1%	0.08%	0.08%
V	B	0.28%	0.5%	0.28%
VLO	F	0.16%	0.05%	0.05%
VRSK	D	0.17%	0.04%	0.04%
VRTX	D	0.22%	0.15%	0.15%
VZ	C	1.11%	0.2%	0.2%
WAB	A	0.05%	0.03%	0.03%
WELL	C	0.11%	0.08%	0.08%
WFC	B	0.73%	0.23%	0.23%
WM	B	0.26%	0.1%	0.1%
WMB	A	0.08%	0.06%	0.06%
WMT	A	1.68%	0.38%	0.38%
WTW	C	0.1%	0.03%	0.03%
XOM	A	0.42%	0.6%	0.42%
XYL	C	0.12%	0.04%	0.04%
YUM	C	0.12%	0.04%	0.04%
ZTS	C	0.06%	0.1%	0.06%

MFUS Overweight 572 Positions Relative to VT

Symbol	Grade	Weight
THC	D	0.29%
SYF	A	0.24%
ANF	D	0.24%
CAH	B	0.24%
BBY	C	0.23%
LII	C	0.22%
VST	A	0.21%
WSM	C	0.21%
WSO	C	0.2%
SFM	A	0.2%
LYB	B	0.18%
UTHR	C	0.18%
DVA	C	0.17%
BR	B	0.16%
TSN	D	0.16%
DECK	B	0.15%
CASY	D	0.15%
K	B	0.15%
MUSA	D	0.15%
BAH	C	0.15%
CHRW	C	0.14%
CME	A	0.14%
SMCI	F	0.14%
DPZ	D	0.13%
VTRS	D	0.13%
JNPR	C	0.13%
TSCO	A	0.12%
RPM	A	0.12%
CLX	C	0.12%
PHM	C	0.11%
LDOS	A	0.11%
EVR	C	0.11%
WBA	F	0.11%
BRO	A	0.11%
AOS	C	0.1%
CW	A	0.1%
NVR	C	0.1%
DG	F	0.1%
NTAP	D	0.1%
FOXA	B	0.1%
CRS	B	0.1%
AVY	D	0.1%
HPE	B	0.1%
JKHY	A	0.1%
GDDY	B	0.1%
DGX	D	0.09%
AEO	C	0.09%
GPI	C	0.09%
DKS	D	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	C	0.09%
TMHC	C	0.09%
JXN	A	0.09%
EXPD	D	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
EQH	B	0.08%
SLG	C	0.08%
BIIB	F	0.08%
TAP	D	0.08%
IP	C	0.08%
TYL	D	0.08%
AIZ	B	0.08%
BALL	C	0.08%
STE	D	0.08%
IEX	D	0.08%
HRB	C	0.08%
TROW	D	0.08%
AYI	A	0.08%
WDC	C	0.08%
ARES	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
NSIT	B	0.07%
CHD	D	0.07%
R	C	0.07%
TTC	F	0.07%
UFPI	C	0.07%
AN	D	0.07%
PKG	B	0.07%
MTH	C	0.07%
ROL	C	0.07%
HCC	C	0.07%
VNO	B	0.07%
BCC	C	0.07%
MLI	B	0.07%
WU	D	0.07%
GLPI	C	0.07%
WCC	D	0.07%
THO	C	0.07%
NRG	A	0.07%
POOL	D	0.07%
UHS	D	0.07%
CALM	A	0.07%
SEIC	B	0.07%
HLI	A	0.07%
ABG	D	0.07%
TXRH	A	0.06%
SEE	C	0.06%
BC	C	0.06%
CNX	A	0.06%
FFIV	B	0.06%
HSY	D	0.06%
L	C	0.06%
JLL	C	0.06%
AMG	B	0.06%
ERIE	A	0.06%
TPH	C	0.06%
BERY	C	0.06%
RGA	B	0.06%
PK	D	0.06%
OMC	C	0.06%
CRI	D	0.06%
CPT	C	0.06%
MKC	C	0.06%
MMS	C	0.06%
FCN	C	0.06%
TTWO	D	0.06%
CCK	C	0.06%
CHE	D	0.06%
SCI	D	0.06%
MSM	D	0.06%
INGR	B	0.06%
EXP	C	0.06%
MAS	C	0.06%
TOL	C	0.06%
ARW	C	0.05%
MHO	C	0.05%
NDSN	C	0.05%
NFG	A	0.05%
CUBE	C	0.05%
NDAQ	C	0.05%
URBN	F	0.05%
IBKR	A	0.05%
CAG	D	0.05%
VLTO	A	0.05%
HBI	B	0.05%
GNRC	B	0.05%
SLGN	B	0.05%
USFD	C	0.05%
CPB	D	0.05%
COOP	B	0.05%
G	A	0.05%
ATI	C	0.05%
SEB	F	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
ANSS	D	0.05%
WAT	B	0.05%
BAX	D	0.05%
LPLA	D	0.05%
LUMN	C	0.05%
TEX	F	0.05%
WEN	B	0.05%
MTN	D	0.05%
ATGE	D	0.05%
ALLY	F	0.05%
CBT	B	0.05%
NXST	D	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
OGN	F	0.05%
APP	A	0.05%
LECO	D	0.05%
GAP	F	0.05%
SKYW	B	0.05%
LAMR	C	0.05%
TW	A	0.05%
POST	C	0.05%
SUI	D	0.05%
FIX	A	0.05%
CMC	D	0.05%
SLM	B	0.05%
LANC	F	0.04%
KBH	D	0.04%
TDS	C	0.04%
NYT	C	0.04%
AVTR	D	0.04%
DBRG	D	0.04%
UNM	A	0.04%
BHF	D	0.04%
AVT	B	0.04%
IFF	D	0.04%
BLD	D	0.04%
MANH	A	0.04%
PPL	C	0.04%
TER	C	0.04%
CVLT	B	0.04%
TRN	C	0.04%
BDC	A	0.04%
WTM	C	0.04%
JHG	A	0.04%
ES	D	0.04%
EXEL	B	0.04%
JWN	D	0.04%
NWSA	D	0.04%
ASO	D	0.04%
EQR	C	0.04%
CLH	B	0.04%
CMA	C	0.04%
FDS	C	0.04%
COLD	D	0.04%
STLD	C	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
PSTG	F	0.04%
SON	D	0.04%
PTC	B	0.04%
EME	B	0.04%
ELS	D	0.04%
HUBG	D	0.04%
MAC	B	0.04%
AMH	D	0.04%
CPNG	C	0.04%
UHAL	C	0.04%
FITB	C	0.04%
GATX	F	0.04%
FLEX	B	0.04%
INVH	D	0.04%
TKR	B	0.04%
FLO	D	0.04%
AROC	B	0.04%
VRSN	C	0.04%
TGNA	B	0.04%
FTI	B	0.04%
ULTA	D	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SMG	C	0.04%
VTR	C	0.04%
ABM	D	0.04%
CNO	B	0.04%
AGNC	B	0.04%
CE	D	0.04%
RS	D	0.04%
KD	D	0.04%
LOPE	D	0.04%
ETR	A	0.04%
OLN	D	0.04%
RGLD	C	0.04%
FL	F	0.04%
EMN	C	0.04%
SRCL	B	0.04%
BLDR	C	0.04%
THG	A	0.04%
DCI	B	0.04%
AR	C	0.04%
GVA	A	0.04%
CRUS	D	0.04%
WST	D	0.04%
SJM	D	0.04%
IPG	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
NTRS	B	0.03%
NEU	F	0.03%
MTG	A	0.03%
FHI	A	0.03%
PLXS	A	0.03%
KSS	D	0.03%
THS	D	0.03%
DRH	B	0.03%
LNC	B	0.03%
STC	D	0.03%
LW	D	0.03%
MSA	F	0.03%
LZB	D	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
DELL	C	0.03%
WHR	C	0.03%
ADNT	F	0.03%
MRO	B	0.03%
COKE	C	0.03%
HOG	D	0.03%
XRAY	D	0.03%
JBL	C	0.03%
XPO	F	0.03%
FNF	C	0.03%
DLTR	F	0.03%
AKAM	D	0.03%
HBAN	B	0.03%
DK	F	0.03%
SBAC	C	0.03%
CPAY	A	0.03%
BKU	D	0.03%
VC	F	0.03%
DDS	D	0.03%
MASI	B	0.03%
RLI	A	0.03%
OI	D	0.03%
DRI	C	0.03%
GMS	B	0.03%
RL	B	0.03%
COHR	B	0.03%
APLE	B	0.03%
BURL	C	0.03%
UDR	C	0.03%
WPC	C	0.03%
HOOD	B	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	A	0.03%
BFAM	C	0.03%
MC	B	0.03%
HII	F	0.03%
MTB	A	0.03%
WH	C	0.03%
GGG	C	0.03%
SM	D	0.03%
AWI	A	0.03%
RPRX	D	0.03%
MAN	D	0.03%
TFX	C	0.03%
OSK	F	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	B	0.03%
HUBB	A	0.03%
MDU	C	0.03%
CMS	A	0.03%
IVZ	A	0.03%
HOLX	D	0.03%
ACM	A	0.03%
BJ	B	0.03%
HSIC	D	0.03%
AMKR	F	0.03%
CFG	C	0.03%
DOX	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%
FE	C	0.03%
SANM	D	0.03%
KEX	C	0.02%
TDC	D	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
CWEN	C	0.02%
AXTA	C	0.02%
LAD	C	0.02%
KIM	C	0.02%
FR	D	0.02%
ALGN	D	0.02%
DNOW	F	0.02%
EVRG	C	0.02%
WAL	C	0.02%
TTEK	A	0.02%
SSNC	C	0.02%
ATO	A	0.02%
APG	F	0.02%
BEN	F	0.02%
CROX	C	0.02%
NWL	D	0.02%
VSCO	C	0.02%
HP	D	0.02%
VFC	A	0.02%
AES	C	0.02%
SATS	C	0.02%
CSL	A	0.02%
LXP	D	0.02%
ODP	F	0.02%
EWBC	B	0.02%
HNI	B	0.02%
SNDR	D	0.02%
APOG	B	0.02%
LEG	D	0.02%
VSH	F	0.02%
PNR	C	0.02%
CCL	C	0.02%
BXP	B	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
ZBRA	B	0.02%
SAM	D	0.02%
OC	C	0.02%
ESS	D	0.02%
M	D	0.02%
HST	D	0.02%
NAVI	D	0.02%
LNW	F	0.02%
DTE	B	0.02%
HRL	F	0.02%
GWRE	A	0.02%
VVV	D	0.02%
MCY	B	0.02%
LNT	B	0.02%
DOV	C	0.02%
YELP	D	0.02%
PMT	B	0.02%
CC	D	0.02%
CINF	A	0.02%
EPC	F	0.02%
MAA	D	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
NI	A	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
RLJ	D	0.02%
GHC	A	0.02%
SXT	C	0.02%
MKTX	B	0.02%
DLB	D	0.02%
OHI	C	0.02%
KBR	A	0.02%
XHR	A	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	D	0.02%
AIR	C	0.02%
SKX	B	0.02%
HAE	F	0.02%
SBH	B	0.02%
GMED	B	0.02%
CTLT	A	0.02%
KMPR	D	0.02%
PSN	A	0.02%
GEF	B	0.02%
PFSI	C	0.02%
JBHT	D	0.02%
KEY	B	0.02%
WMS	D	0.02%
PINC	F	0.02%
RRC	D	0.02%
FAF	C	0.02%
PAG	D	0.02%
WRB	C	0.02%
ACA	C	0.02%
LBRDK	C	0.02%
JEF	A	0.02%
OMF	D	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
CG	B	0.02%
HUN	B	0.01%
AAP	F	0.01%
KNX	D	0.01%
NOV	F	0.01%
SCL	D	0.01%
UHAL	C	0.01%
DINO	F	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	C	0.01%
ESI	C	0.01%
CFR	B	0.01%
UAL	A	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%
PNW	C	0.01%
IDCC	A	0.01%
SR	D	0.01%
PPC	C	0.01%
RKT	D	0.01%
UGI	C	0.01%
CLF	D	0.01%
TPR	B	0.01%
SPR	D	0.01%
SWX	C	0.01%
MOS	F	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	B	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	C	0.01%
PFG	A	0.01%
FLR	B	0.01%
ESAB	C	0.01%
WMK	D	0.01%
SPB	C	0.01%
JELD	D	0.01%
CBSH	D	0.01%
WTFC	B	0.01%
CADE	B	0.01%
CNM	F	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
DTM	A	0.01%
DXC	C	0.01%
FELE	C	0.01%
STRA	F	0.01%
SAIC	A	0.01%
CSGS	B	0.01%
TTMI	D	0.01%
KN	B	0.01%
BBWI	F	0.01%
DY	C	0.01%
CPRI	C	0.01%
VNT	F	0.01%
CR	A	0.01%
LEA	F	0.01%
WBS	D	0.01%
OMI	F	0.01%
SF	A	0.01%
LADR	D	0.01%
NNI	B	0.01%
WWD	C	0.01%
ZION	D	0.01%
AMWD	C	0.01%
GME	D	0.01%
GOLF	F	0.01%
MHK	C	0.01%
NNN	C	0.01%
RBC	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	D	0.01%
H	B	0.01%
REZI	D	0.01%
ADC	C	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	A	0.01%
SCS	D	0.01%
ESNT	A	0.01%
BWA	C	0.01%
LAUR	C	0.01%
RF	B	0.01%
BMRN	F	0.01%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 233 Positions Relative to VT

Symbol	Grade	Weight
MSFT	D	-3.55%
GOOGL	B	-1.11%
GOOG	B	-0.92%
TSLA	C	-0.68%
NVS	D	-0.28%
CRM	B	-0.27%
AMD	C	-0.27%
TM	D	-0.26%
LIN	C	-0.26%
ABT	C	-0.22%
INTU	F	-0.2%
BABA	A	-0.2%
DIS	D	-0.19%
UL	D	-0.18%
SYK	C	-0.15%
HON	C	-0.15%
ETN	B	-0.14%
HDB	D	-0.13%
MUFG	D	-0.13%
ADI	B	-0.13%
SONY	C	-0.13%
MDT	C	-0.13%
PLD	D	-0.13%
BA	F	-0.12%
FI	A	-0.12%
TD	B	-0.12%
MELI	D	-0.11%
DE	C	-0.11%
SHOP	B	-0.1%
EQIX	C	-0.09%
SNPS	F	-0.09%
TT	A	-0.09%
SMFG	D	-0.09%
CNI	D	-0.08%
FDX	F	-0.08%
PDD	B	-0.08%
DEO	C	-0.08%
CDNS	D	-0.08%
EOG	B	-0.08%
APO	A	-0.07%
CRWD	D	-0.07%
APD	C	-0.07%
FCX	B	-0.07%
MRVL	C	-0.07%
NXPI	F	-0.07%
LYG	C	-0.06%
PCAR	D	-0.06%
ROST	D	-0.06%
SPOT	C	-0.06%
ABNB	D	-0.06%
HMC	D	-0.06%
MFG	B	-0.06%
GEV	A	-0.06%
WDAY	D	-0.06%
COR	F	-0.05%
ACGL	A	-0.05%
EW	F	-0.05%
PCG	C	-0.05%
LNG	A	-0.05%
HUM	F	-0.05%
MCHP	F	-0.05%
BCS	B	-0.05%
IQV	F	-0.05%
TTD	A	-0.05%
IBN	C	-0.05%
TEL	D	-0.05%
NU	D	-0.05%
WCN	D	-0.05%
CSGP	F	-0.04%
ROK	D	-0.04%
LULU	D	-0.04%
VEEV	C	-0.04%
VMC	D	-0.04%
ON	F	-0.04%
XEL	C	-0.04%
VICI	C	-0.04%
STLA	F	-0.04%
DDOG	B	-0.04%
GOLD	C	-0.04%
SNOW	F	-0.04%
E	C	-0.04%
VALE	D	-0.04%
FLUT	B	-0.04%
OXY	D	-0.04%
HES	D	-0.04%
CTSH	B	-0.04%
AME	C	-0.04%
JEWL	D	-0.0%
SAVE	F	-0.0%
DAO	B	-0.0%
TTEC	F	-0.0%
DADA	C	-0.0%
CALX	C	-0.0%
CSAN	D	-0.0%
SEG	F	-0.0%
GRIN	A	-0.0%
ALGT	D	-0.0%
CRNC	F	-0.0%
VGR	B	-0.0%
SAN	C	-0.0%
UBSI	D	-0.0%
GCBC	F	-0.0%
CAN	D	-0.0%
HUYA	B	-0.0%
IAG	C	-0.0%
ATHM	B	-0.0%
ZNTL	F	-0.0%
AMCR	C	-0.0%
IRBT	D	-0.0%
IONR	C	-0.0%
CVAC	F	-0.0%
SLDB	F	-0.0%
CHGG	F	-0.0%
DDL	B	-0.0%
CMP	D	-0.0%
AUDC	F	-0.0%
DDD	D	-0.0%
LSPD	C	-0.0%
SID	D	-0.0%
AZUL	F	-0.0%
OLPX	C	-0.0%
CTS	B	-0.0%
CHGX	A	-0.0%
ENIC	D	-0.0%
MEI	D	-0.0%
PACB	D	-0.0%
VNET	B	-0.0%
BFS	C	-0.0%
TUYA	C	-0.0%
LAZR	F	-0.0%
HTZ	F	-0.0%
USNA	F	-0.0%
TWKS	C	-0.0%
SAGE	F	-0.0%
VREX	F	-0.0%
FLGT	F	-0.0%
GTN	D	-0.0%
NUS	F	-0.0%
SHG	D	-0.0%
RENB	F	-0.0%
GOTU	D	-0.0%
SOHU	A	-0.0%
SSYS	D	-0.0%
ALX	D	-0.0%
LPRO	D	-0.0%
LGF.A	F	-0.0%
RGNX	F	-0.0%
CLBK	F	-0.0%
SSBI	F	-0.0%
HTLD	F	-0.0%
WB	B	-0.0%
EH	C	-0.0%
SWI	B	-0.0%
RLAY	F	-0.0%
LESL	F	-0.0%
VMAR	F	-0.0%
CSIQ	D	-0.0%
TFSL	D	-0.0%
MCW	F	-0.0%
SHEN	F	-0.0%
ELBM	C	-0.0%
VIR	F	-0.0%
OPK	D	-0.0%
IRWD	F	-0.0%
IMOS	D	-0.0%
TTGT	F	-0.0%
CENX	C	-0.0%
BMBL	F	-0.0%
FSLY	D	-0.0%
CFFN	D	-0.0%
ETWO	F	-0.0%
AXL	F	-0.0%
RBCAA	C	-0.0%
PCRX	D	-0.0%
HAIN	C	-0.0%
DQ	C	-0.0%
UI	B	-0.0%
BRSP	D	-0.0%
RGR	F	-0.0%
JKS	C	-0.0%
LGF.A	F	-0.0%
FWRD	D	-0.0%
NFE	F	-0.0%
LILA	B	-0.0%
FG	B	-0.0%
BRKL	D	-0.0%
LILAK	D	-0.0%
FLNG	B	-0.0%
SSTK	F	-0.0%
ASTE	F	-0.0%
UMC	D	-0.0%
MMI	D	-0.0%
HLF	F	-0.0%
FINV	A	-0.0%
DRVN	C	-0.0%
FIGS	C	-0.0%
MNRO	B	-0.0%
FVRR	D	-0.0%
BDN	B	-0.0%
MNTX	D	-0.0%
MATW	F	-0.0%
DLO	D	-0.0%
CBRL	D	-0.0%
CHPT	F	-0.0%
UNFI	C	-0.0%
PRLB	F	-0.0%
PGRE	D	-0.0%
SANA	F	-0.0%
ATSG	D	-0.0%
LFST	C	-0.0%
RCUS	D	-0.0%
EYE	F	-0.0%
SIRI	C	-0.0%
SCHL	F	-0.0%
MOMO	B	-0.0%
VICR	C	-0.0%
JOBY	C	-0.0%
PRO	F	-0.0%
DNUT	F	-0.0%
BSIG	D	-0.0%
SHLS	F	-0.0%
LBRDA	C	-0.0%
LMND	F	-0.0%
PRTA	F	-0.0%
MATV	F	-0.0%
IQ	D	-0.0%
NABL	F	-0.0%
AUPH	C	-0.0%
MRVI	F	-0.0%
EMBC	F	-0.0%
PRAA	F	-0.0%
AVNS	D	-0.0%
OEC	F	-0.0%