MFUS vs. VTV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard Value ETF - DNQ (VTV)

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

$52.38

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

VTV

Vanguard Value ETF - DNQ

VTV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Large Cap Value Index, a broadly diversified index predominantly made up of value stocks of large U.S. companies. 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

$181.23

Average Daily Volume

1,667,169

Number of Holdings ^*

331

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VTV
30 Days	2.73%	2.63%
60 Days	3.41%	3.86%
90 Days	5.38%	6.18%
12 Months	32.49%	30.21%

258 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VTV	Overlap
A	D	0.05%	0.18%	0.05%
ABBV	D	1.35%	1.66%	1.35%
ACN	C	0.24%	0.5%	0.24%
ADM	D	0.23%	0.12%	0.12%
AEP	D	0.08%	0.24%	0.08%
AFL	B	0.22%	0.27%	0.22%
AIG	B	0.34%	0.23%	0.23%
AJG	B	0.16%	0.28%	0.16%
AKAM	D	0.02%	0.07%	0.02%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.26%	0.23%	0.23%
AMGN	D	0.92%	0.79%	0.79%
AMP	A	0.18%	0.23%	0.18%
AON	A	0.25%	0.18%	0.18%
AVB	B	0.03%	0.15%	0.03%
AVGO	D	1.54%	1.83%	1.54%
AVTR	F	0.03%	0.07%	0.03%
AVY	D	0.09%	0.08%	0.08%
AXP	A	0.23%	0.62%	0.23%
BAC	A	0.45%	1.35%	0.45%
BALL	D	0.07%	0.08%	0.07%
BAX	D	0.04%	0.08%	0.04%
BBY	D	0.2%	0.08%	0.08%
BDX	F	0.11%	0.31%	0.11%
BEN	C	0.02%	0.02%	0.02%
BIIB	F	0.06%	0.12%	0.06%
BK	A	0.18%	0.26%	0.18%
BKR	B	0.08%	0.09%	0.08%
BLK	C	0.18%	0.64%	0.18%
BMY	B	0.41%	0.52%	0.41%
BRK.A	B	2.44%	3.15%	2.44%
BRK.A	B	2.44%	0.65%	0.65%
C	A	0.7%	0.53%	0.53%
CAG	D	0.04%	0.06%	0.04%
CAH	B	0.27%	0.12%	0.12%
CARR	D	0.05%	0.29%	0.05%
CAT	B	0.2%	0.84%	0.2%
CB	C	0.16%	0.5%	0.16%
CBRE	B	0.05%	0.19%	0.05%
CCI	D	0.07%	0.22%	0.07%
CCL	B	0.02%	0.1%	0.02%
CDW	F	0.03%	0.12%	0.03%
CE	F	0.02%	0.06%	0.02%
CEG	D	0.11%	0.38%	0.11%
CFG	B	0.04%	0.08%	0.04%
CHTR	C	0.3%	0.14%	0.14%
CI	F	0.13%	0.41%	0.13%
CINF	A	0.02%	0.1%	0.02%
CL	D	0.36%	0.18%	0.18%
CLX	B	0.13%	0.09%	0.09%
CMCSA	B	0.16%	0.78%	0.16%
CME	A	0.14%	0.37%	0.14%
CMI	A	0.14%	0.21%	0.14%
CMS	C	0.03%	0.1%	0.03%
CNC	D	0.04%	0.15%	0.04%
COF	B	0.29%	0.27%	0.27%
COP	C	0.07%	0.59%	0.07%
COR	B	0.17%	0.19%	0.17%
CPAY	A	0.03%	0.1%	0.03%
CPB	D	0.04%	0.04%	0.04%
CRBG	B	0.04%	0.03%	0.03%
CSCO	B	0.68%	0.92%	0.68%
CSX	B	0.11%	0.3%	0.11%
CTVA	C	0.04%	0.19%	0.04%
CVS	D	0.67%	0.33%	0.33%
CVX	A	0.39%	1.2%	0.39%
D	C	0.07%	0.23%	0.07%
DD	D	0.1%	0.14%	0.1%
DELL	C	0.03%	0.16%	0.03%
DFS	B	0.1%	0.17%	0.1%
DG	F	0.08%	0.08%	0.08%
DGX	A	0.09%	0.08%	0.08%
DHI	D	0.06%	0.23%	0.06%
DHR	F	0.24%	0.74%	0.24%
DLR	B	0.09%	0.27%	0.09%
DLTR	F	0.02%	0.06%	0.02%
DOV	A	0.04%	0.12%	0.04%
DOW	F	0.02%	0.16%	0.02%
DRI	B	0.03%	0.09%	0.03%
DTE	C	0.02%	0.1%	0.02%
DUK	C	0.13%	0.41%	0.13%
EA	A	0.19%	0.18%	0.18%
EBAY	D	0.36%	0.13%	0.13%
ED	D	0.06%	0.16%	0.06%
EIX	B	0.05%	0.15%	0.05%
ELV	F	0.15%	0.43%	0.15%
EMR	A	0.09%	0.29%	0.09%
EQR	B	0.04%	0.12%	0.04%
ES	D	0.03%	0.11%	0.03%
ESS	B	0.04%	0.08%	0.04%
ETR	B	0.05%	0.15%	0.05%
EVRG	A	0.02%	0.03%	0.02%
EXC	C	0.07%	0.18%	0.07%
EXPD	D	0.11%	0.08%	0.08%
EXR	D	0.11%	0.16%	0.11%
F	C	0.15%	0.19%	0.15%
FE	C	0.03%	0.11%	0.03%
FI	A	0.19%	0.26%	0.19%
FIS	C	0.07%	0.23%	0.07%
FITB	A	0.04%	0.14%	0.04%
FNF	B	0.03%	0.07%	0.03%
FOXA	B	0.11%	0.04%	0.04%
GD	F	0.23%	0.31%	0.23%
GDDY	A	0.12%	0.05%	0.05%
GE	D	0.56%	0.41%	0.41%
GEHC	F	0.07%	0.17%	0.07%
GEN	B	0.1%	0.07%	0.07%
GILD	C	0.84%	0.51%	0.51%
GIS	D	0.17%	0.17%	0.17%
GLW	B	0.2%	0.17%	0.17%
GM	B	0.38%	0.26%	0.26%
GS	A	0.4%	0.74%	0.4%
HBAN	A	0.03%	0.1%	0.03%
HCA	F	0.24%	0.3%	0.24%
HD	A	0.62%	1.81%	0.62%
HIG	B	0.06%	0.15%	0.06%
HOLX	D	0.03%	0.09%	0.03%
HPE	B	0.11%	0.12%	0.11%
HPQ	B	0.29%	0.16%	0.16%
HRL	D	0.02%	0.04%	0.02%
HUBB	B	0.03%	0.05%	0.03%
IBKR	A	0.06%	0.04%	0.04%
IBM	C	1.09%	0.88%	0.88%
ICE	C	0.29%	0.41%	0.29%
IFF	D	0.03%	0.12%	0.03%
INTC	D	0.19%	0.38%	0.19%
INVH	D	0.04%	0.08%	0.04%
IP	B	0.09%	0.09%	0.09%
IR	B	0.09%	0.18%	0.09%
IRM	D	0.12%	0.17%	0.12%
ITW	B	0.1%	0.34%	0.1%
JCI	C	0.07%	0.23%	0.07%
JNJ	D	1.2%	1.78%	1.2%
JPM	A	0.99%	2.92%	0.99%
K	A	0.15%	0.1%	0.1%
KDP	D	0.07%	0.17%	0.07%
KEY	B	0.03%	0.07%	0.03%
KHC	F	0.14%	0.12%	0.12%
KKR	A	0.15%	0.42%	0.15%
KMB	D	0.17%	0.21%	0.17%
KMI	A	0.11%	0.21%	0.11%
KO	D	1.01%	1.17%	1.01%
KR	B	0.37%	0.14%	0.14%
L	A	0.06%	0.07%	0.06%
LDOS	C	0.11%	0.06%	0.06%
LEN	D	0.06%	0.0%	0.0%
LEN	D	0.06%	0.2%	0.06%
LHX	C	0.26%	0.22%	0.22%
LMT	D	0.75%	0.6%	0.6%
LNT	A	0.02%	0.07%	0.02%
LOW	D	0.35%	0.69%	0.35%
LYB	F	0.15%	0.1%	0.1%
MAA	B	0.02%	0.08%	0.02%
MAS	D	0.06%	0.08%	0.06%
MCK	B	0.64%	0.3%	0.3%
MDLZ	F	0.22%	0.42%	0.22%
MET	A	0.32%	0.22%	0.22%
MKC	D	0.06%	0.09%	0.06%
MLM	B	0.07%	0.08%	0.07%
MMC	B	0.2%	0.5%	0.2%
MMM	D	0.58%	0.33%	0.33%
MO	A	0.74%	0.43%	0.43%
MPC	D	0.35%	0.22%	0.22%
MRK	F	0.83%	1.2%	0.83%
MRO	B	0.03%	0.07%	0.03%
MS	A	0.22%	0.65%	0.22%
MSI	B	0.2%	0.17%	0.17%
MTB	A	0.04%	0.15%	0.04%
MU	D	0.16%	0.51%	0.16%
NDAQ	A	0.05%	0.16%	0.05%
NEE	D	0.23%	0.71%	0.23%
NEM	D	0.17%	0.24%	0.17%
NI	A	0.02%	0.04%	0.02%
NKE	D	0.06%	0.21%	0.06%
NOC	D	0.35%	0.34%	0.34%
NSC	B	0.07%	0.26%	0.07%
NTAP	C	0.1%	0.11%	0.1%
NTRS	A	0.03%	0.09%	0.03%
NUE	C	0.08%	0.16%	0.08%
NVR	D	0.09%	0.12%	0.09%
NWSA	B	0.04%	0.06%	0.04%
O	D	0.06%	0.12%	0.06%
OKE	A	0.1%	0.26%	0.1%
OMC	C	0.06%	0.09%	0.06%
ORCL	B	1.56%	1.28%	1.28%
OTIS	C	0.07%	0.18%	0.07%
PEG	A	0.06%	0.21%	0.06%
PEP	F	0.71%	1.05%	0.71%
PFE	D	0.55%	0.74%	0.55%
PFG	D	0.01%	0.09%	0.01%
PG	A	1.04%	1.79%	1.04%
PGR	A	0.59%	0.66%	0.59%
PH	A	0.14%	0.38%	0.14%
PHM	D	0.1%	0.12%	0.1%
PKG	A	0.1%	0.1%	0.1%
PM	B	0.89%	0.95%	0.89%
PNC	B	0.12%	0.35%	0.12%
POOL	C	0.07%	0.03%	0.03%
PPG	F	0.04%	0.13%	0.04%
PPL	B	0.04%	0.11%	0.04%
PRU	A	0.23%	0.2%	0.2%
PSA	D	0.09%	0.24%	0.09%
PSX	C	0.23%	0.24%	0.23%
PYPL	B	0.12%	0.37%	0.12%
QCOM	F	0.73%	0.84%	0.73%
RCL	A	0.11%	0.1%	0.1%
REGN	F	0.35%	0.42%	0.35%
RF	A	0.02%	0.1%	0.02%
RKT	F	0.01%	0.01%	0.01%
RPRX	D	0.03%	0.05%	0.03%
RSG	A	0.13%	0.19%	0.13%
RTX	C	0.22%	0.74%	0.22%
RVTY	F	0.01%	0.07%	0.01%
SCHW	B	0.05%	0.49%	0.05%
SLB	C	0.01%	0.13%	0.01%
SO	D	0.13%	0.46%	0.13%
SPG	B	0.17%	0.24%	0.17%
SRE	A	0.08%	0.24%	0.08%
SSNC	B	0.02%	0.07%	0.02%
STE	F	0.07%	0.05%	0.05%
STLD	B	0.04%	0.04%	0.04%
STZ	D	0.05%	0.18%	0.05%
SYF	B	0.31%	0.1%	0.1%
SYY	B	0.12%	0.17%	0.12%
T	A	0.75%	0.75%	0.75%
TFC	A	0.09%	0.27%	0.09%
TGT	F	0.59%	0.32%	0.32%
TMO	F	0.27%	0.96%	0.27%
TROW	B	0.09%	0.11%	0.09%
TRV	B	0.2%	0.26%	0.2%
TSCO	D	0.11%	0.07%	0.07%
TSN	B	0.18%	0.08%	0.08%
UAL	A	0.02%	0.12%	0.02%
UDR	B	0.03%	0.03%	0.03%
UNH	C	0.81%	2.41%	0.81%
UNP	C	0.5%	0.65%	0.5%
UPS	C	0.24%	0.45%	0.24%
URI	B	0.09%	0.25%	0.09%
USB	A	0.11%	0.35%	0.11%
VLO	C	0.16%	0.18%	0.16%
VLTO	D	0.04%	0.06%	0.04%
VST	B	0.26%	0.2%	0.2%
VTR	C	0.04%	0.13%	0.04%
VTRS	A	0.15%	0.06%	0.06%
VZ	C	1.03%	0.74%	0.74%
WAB	B	0.05%	0.15%	0.05%
WBA	F	0.11%	0.02%	0.02%
WDC	D	0.08%	0.1%	0.08%
WFC	A	0.99%	1.02%	0.99%
WM	A	0.27%	0.4%	0.27%
WMB	A	0.11%	0.29%	0.11%
WMT	A	1.77%	1.67%	1.67%
WPC	D	0.03%	0.06%	0.03%
WRB	A	0.03%	0.08%	0.03%
WTW	B	0.11%	0.14%	0.11%
XOM	B	0.43%	2.4%	0.43%
XYL	D	0.11%	0.14%	0.11%
ZBRA	B	0.04%	0.09%	0.04%

MFUS Overweight 559 Positions Relative to VTV

Symbol	Grade	Weight
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
AMZN	C	1.65%
COST	B	1.36%
AAPL	C	0.97%
NFLX	A	0.55%
MCD	D	0.52%
AMAT	F	0.5%
TMUS	B	0.43%
BKNG	A	0.42%
TJX	A	0.38%
NOW	A	0.35%
V	A	0.31%
ISRG	A	0.29%
SPGI	C	0.29%
MA	C	0.28%
AZO	C	0.28%
TXN	C	0.28%
THC	D	0.26%
FICO	B	0.25%
PANW	C	0.25%
SFM	A	0.25%
PLTR	B	0.24%
ANF	C	0.24%
WSM	B	0.24%
LII	A	0.22%
KLAC	D	0.22%
GWW	B	0.22%
BSX	B	0.21%
VRTX	F	0.21%
SHW	A	0.21%
ORLY	B	0.2%
CMG	B	0.2%
UBER	D	0.2%
CTAS	B	0.19%
HWM	A	0.18%
WSO	A	0.18%
UTHR	C	0.18%
RMD	C	0.17%
DECK	A	0.17%
CASY	A	0.17%
DVA	B	0.17%
BR	A	0.17%
MUSA	A	0.16%
LRCX	F	0.16%
VRSK	A	0.16%
TDG	D	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
ANET	C	0.14%
MCO	B	0.14%
IT	C	0.14%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
BX	A	0.13%
RPM	A	0.13%
YUM	B	0.13%
BRO	B	0.12%
WELL	A	0.12%
APH	A	0.12%
JNPR	F	0.12%
PWR	A	0.12%
CW	B	0.11%
ALSN	B	0.11%
DASH	A	0.11%
ADP	B	0.11%
COIN	C	0.11%
BWXT	B	0.11%
CRS	A	0.11%
TRGP	B	0.11%
AYI	B	0.1%
HLT	A	0.1%
JXN	C	0.1%
JKHY	D	0.1%
EFX	F	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
AIZ	A	0.09%
MLI	C	0.09%
EHC	B	0.09%
ARES	A	0.09%
ADSK	A	0.09%
TMHC	B	0.09%
GPI	A	0.09%
CALM	A	0.09%
SBUX	A	0.09%
NRG	B	0.08%
GEO	B	0.08%
TTWO	A	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
GPK	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
CPRT	A	0.08%
SEIC	B	0.08%
TAP	C	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
EXP	A	0.07%
BCC	B	0.07%
LPLA	A	0.07%
SCI	B	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
AEO	F	0.07%
CHD	B	0.07%
R	B	0.07%
VNO	B	0.07%
THO	B	0.07%
MNST	C	0.07%
FTNT	C	0.07%
HRB	D	0.07%
CNX	A	0.07%
SEE	C	0.06%
JLL	D	0.06%
LECO	B	0.06%
GNRC	B	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
TW	A	0.06%
MTH	D	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
AN	C	0.06%
AMG	B	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	A	0.06%
ALNY	D	0.06%
RGA	A	0.06%
FFIV	B	0.06%
TOL	B	0.06%
MSCI	C	0.06%
ROL	B	0.06%
EME	C	0.05%
URBN	C	0.05%
CNO	A	0.05%
FANG	D	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	A	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	D	0.05%
GNTX	C	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
FLEX	A	0.05%
USFD	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
LAMR	D	0.05%
ZTS	D	0.05%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HSY	F	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	A	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	B	0.05%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
ADBE	C	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
AWI	A	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	B	0.04%
PSTG	D	0.04%
RUSHA	C	0.04%
ELS	C	0.04%
PAYX	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
FLO	D	0.04%
BLDR	D	0.04%
ARW	D	0.04%
FDS	B	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
VRSN	F	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	D	0.04%
PTC	A	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
WTM	A	0.04%
JHG	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	B	0.04%
HUBG	A	0.04%
RGLD	C	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
FTI	A	0.04%
WERN	C	0.04%
DCI	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
MAR	B	0.04%
STC	B	0.03%
HAE	C	0.03%
SBAC	D	0.03%
GEF	A	0.03%
DRH	B	0.03%
COKE	C	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
AMKR	D	0.03%
BKE	B	0.03%
LBRDK	C	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
TER	D	0.03%
OI	C	0.03%
JEF	A	0.03%
OMF	A	0.03%
BURL	A	0.03%
SHOO	D	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
RL	B	0.03%
X	C	0.03%
JBL	B	0.03%
MATX	C	0.03%
BLD	D	0.03%
DDS	B	0.03%
GMS	B	0.03%
AVA	A	0.03%
GGG	B	0.03%
BKU	A	0.03%
MC	C	0.03%
DOX	D	0.03%
RLI	B	0.03%
KBH	D	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
TPX	B	0.03%
SM	B	0.03%
MANH	D	0.03%
GNW	A	0.03%
MORN	B	0.03%
ULTA	F	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	F	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	C	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	D	0.02%
BHE	B	0.02%
KIM	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
WBS	A	0.02%
PHIN	A	0.02%
JBLU	F	0.02%
NSP	D	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
ODFL	B	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	0.02%
HST	C	0.02%
AA	B	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	A	0.02%
M	D	0.02%
HNI	B	0.02%
PMT	D	0.02%
NAVI	C	0.02%
WKC	D	0.02%
WMS	D	0.02%
PNR	A	0.02%
LNW	D	0.02%
REZI	A	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
SKX	D	0.02%
PFSI	D	0.02%
NWL	B	0.02%
CC	C	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	C	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
XHR	B	0.02%
CTLT	B	0.02%
GWRE	A	0.02%
MDU	D	0.02%
MKTX	D	0.02%
SBH	C	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
PAG	B	0.02%
HII	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
EWBC	A	0.02%
HOG	D	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	D	0.02%
FAF	A	0.02%
JBHT	C	0.02%
GHC	C	0.02%
TFX	F	0.02%
MSA	D	0.02%
ORA	B	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CACC	D	0.01%
ARI	C	0.01%
CNXN	C	0.01%
MKSI	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
ACI	C	0.01%
SEB	F	0.01%
WGO	C	0.01%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	C	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	B	0.01%
OUT	A	0.01%
AMED	F	0.01%
PNW	B	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SIGI	C	0.01%
ARCH	B	0.01%
SPB	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	D	0.01%
AES	F	0.01%
FDP	B	0.01%
WMK	C	0.01%
DAN	D	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
INCY	C	0.01%
PPC	C	0.01%
BBWI	D	0.01%
TPR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
LADR	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
BMRN	D	0.01%
TTEK	F	0.01%
CBSH	A	0.01%
ICUI	D	0.01%
WWD	B	0.01%
MUR	D	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
H	B	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	C	0.01%
VNT	B	0.01%
CR	A	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SCS	C	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	A	0.01%
DEI	B	0.01%
RBC	A	0.01%
HE	C	0.01%
VSH	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 73 Positions Relative to VTV

Symbol	Grade	Weight
ABT	B	-0.91%
HON	B	-0.62%
ETN	A	-0.61%
MDT	D	-0.53%
ADI	D	-0.51%
DE	A	-0.49%
PLD	D	-0.48%
DIS	B	-0.4%
TT	A	-0.39%
APD	A	-0.32%
EOG	A	-0.32%
FCX	D	-0.3%
FDX	B	-0.28%
PCAR	B	-0.25%
PCG	A	-0.2%
AME	A	-0.2%
KVUE	A	-0.2%
LNG	B	-0.19%
MCHP	D	-0.18%
CTSH	B	-0.17%
DAL	C	-0.17%
XEL	A	-0.17%
ACGL	D	-0.16%
IQV	D	-0.16%
OXY	D	-0.15%
VICI	C	-0.15%
ON	D	-0.14%
WEC	A	-0.14%
ROK	B	-0.14%
GRMN	B	-0.14%
HUM	C	-0.14%
RJF	A	-0.13%
FTV	C	-0.12%
KEYS	A	-0.12%
STT	A	-0.12%
GPN	B	-0.12%
AWK	D	-0.12%
AEE	A	-0.11%
DVN	F	-0.11%
TDY	B	-0.1%
ZBH	C	-0.1%
CBOE	B	-0.1%
WY	D	-0.1%
MOH	F	-0.09%
MKL	A	-0.09%
LH	C	-0.09%
CNP	B	-0.09%
ARE	D	-0.09%
TRU	D	-0.09%
SNA	A	-0.08%
J	F	-0.08%
ZM	B	-0.08%
WBD	C	-0.08%
LUV	C	-0.08%
SWK	D	-0.07%
CVNA	B	-0.07%
TRMB	B	-0.07%
CF	B	-0.07%
TXT	D	-0.07%
EG	C	-0.07%
GPC	D	-0.07%
SWKS	F	-0.06%
STX	D	-0.05%
HAL	C	-0.05%
EL	F	-0.04%
DOC	D	-0.04%
CTRA	B	-0.04%
ALB	C	-0.03%
MGM	D	-0.02%
FOX	A	-0.02%
WLK	D	-0.01%
AGR	B	-0.01%
NWS	B	-0.0%