SPUU vs. MFUS ETF Comparison

Comparison of Direxion Daily S&P 500 Bull 2X Shares (SPUU) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

SPUU

Direxion Daily S&P 500 Bull 2X Shares

SPUU Description

The investment seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P 500® Index. The fund normally creates long positions by investing at least 80% of its net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$141.10

Average Daily Volume

23,616

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

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

$50.17

Average Daily Volume

7,445

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

Performance

Period	SPUU	MFUS
30 Days	2.54%	2.28%
60 Days	3.79%	3.87%
90 Days	7.22%	5.63%
12 Months	64.09%	30.76%

347 Overlapping Holdings

	Symbol	Grade	Weight in SPUU	Weight in MFUS	Overlap
	A	C	0.08%	0.05%	0.05%
	AAPL	C	6.12%	0.72%	0.72%
	ABBV	C	0.65%	1.38%	0.65%
	ACN	C	0.42%	0.19%	0.19%
	ADBE	F	0.5%	0.04%	0.04%
	ADM	D	0.06%	0.35%	0.06%
	ADP	B	0.22%	0.09%	0.09%
	ADSK	C	0.11%	0.09%	0.09%
	AES	C	0.02%	0.04%	0.02%
	AFL	C	0.11%	0.2%	0.11%
	AIG	D	0.09%	0.45%	0.09%
	AIZ	B	0.02%	0.08%	0.02%
	AJG	D	0.12%	0.09%	0.09%
	AKAM	D	0.03%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	B	0.09%	0.39%	0.09%
	AMAT	D	0.29%	0.49%	0.29%
	AMGN	B	0.34%	1.1%	0.34%
	AMP	B	0.08%	0.09%	0.08%
	AMZN	C	3.22%	1.4%	1.4%
	ANET	A	0.17%	0.15%	0.15%
	ANSS	D	0.05%	0.06%	0.05%
	AON	B	0.14%	0.2%	0.14%
	AOS	D	0.02%	0.12%	0.02%
	APH	C	0.14%	0.11%	0.11%
	AVGO	C	1.31%	1.55%	1.31%
	AVY	D	0.03%	0.1%	0.03%
	AXP	B	0.28%	0.21%	0.21%
	AZO	D	0.1%	0.31%	0.1%
	BAC	D	0.51%	0.42%	0.42%
	BALL	C	0.04%	0.08%	0.04%
	BAX	C	0.04%	0.04%	0.04%
	BBWI	F	0.01%	0.02%	0.01%
	BBY	C	0.04%	0.26%	0.04%
	BDX	F	0.13%	0.09%	0.09%
	BEN	F	0.01%	0.05%	0.01%
	BIIB	F	0.06%	0.08%	0.06%
	BK	A	0.1%	0.3%	0.1%
	BKNG	B	0.25%	0.53%	0.25%
	BKR	C	0.06%	0.18%	0.06%
	BLDR	C	0.04%	0.04%	0.04%
	BMY	C	0.19%	0.3%	0.19%
	BR	D	0.05%	0.16%	0.05%
	BRK.A	C	1.56%	2.12%	1.56%
	BRO	C	0.05%	0.14%	0.05%
	BSX	B	0.23%	0.2%	0.2%
	BWA	D	0.01%	0.05%	0.01%
	BX	B	0.2%	0.25%	0.2%
	BXP	B	0.02%	0.02%	0.02%
	C	D	0.21%	1.34%	0.21%
	CAG	C	0.03%	0.05%	0.03%
	CAH	C	0.05%	0.36%	0.05%
	CARR	B	0.12%	0.14%	0.12%
	CAT	B	0.31%	0.47%	0.31%
	CB	B	0.22%	0.17%	0.17%
	CCL	C	0.03%	0.05%	0.03%
	CDW	D	0.06%	0.06%	0.06%
	CE	F	0.02%	0.07%	0.02%
	CEG	A	0.11%	0.11%	0.11%
	CFG	C	0.03%	0.07%	0.03%
	CHD	C	0.05%	0.07%	0.05%
	CHRW	A	0.02%	0.09%	0.02%
	CHTR	D	0.06%	0.27%	0.06%
	CI	C	0.19%	0.15%	0.15%
	CINF	C	0.04%	0.02%	0.02%
	CL	C	0.17%	0.33%	0.17%
	CLX	C	0.04%	0.16%	0.04%
	CMCSA	D	0.29%	0.26%	0.26%
	CME	C	0.15%	0.21%	0.15%
	CMG	C	0.15%	0.24%	0.15%
	CMI	C	0.08%	0.12%	0.08%
	COF	A	0.1%	0.47%	0.1%
	COP	D	0.23%	0.34%	0.23%
	COST	B	0.76%	1.28%	0.76%
	CPAY	C	0.04%	0.05%	0.04%
	CPB	B	0.02%	0.01%	0.01%
	CPRT	D	0.08%	0.21%	0.08%
	CPT	B	0.02%	0.06%	0.02%
	CRM	D	0.46%	0.38%	0.38%
	CSCO	B	0.38%	0.46%	0.38%
	CSX	D	0.12%	0.09%	0.09%
	CTAS	C	0.13%	0.18%	0.13%
	CTLT	B	0.02%	0.02%	0.02%
	CTRA	D	0.03%	0.03%	0.03%
	CTVA	B	0.07%	0.04%	0.04%
	CVS	F	0.13%	0.88%	0.13%
	CVX	D	0.45%	0.87%	0.45%
	DD	B	0.06%	0.23%	0.06%
	DECK	D	0.04%	0.17%	0.04%
	DFS	B	0.06%	0.08%	0.06%
	DG	F	0.03%	0.06%	0.03%
	DGX	C	0.03%	0.07%	0.03%
	DHR	C	0.34%	0.28%	0.28%
	DLR	B	0.1%	0.08%	0.08%
	DLTR	F	0.03%	0.03%	0.03%
	DOV	B	0.05%	0.02%	0.02%
	DOW	D	0.07%	0.05%	0.05%
	DPZ	D	0.03%	0.19%	0.03%
	DRI	B	0.04%	0.03%	0.03%
	DUK	B	0.17%	0.14%	0.14%
	DVA	B	0.02%	0.2%	0.02%
	EA	D	0.07%	0.09%	0.07%
	EBAY	B	0.06%	0.38%	0.06%
	ECL	A	0.12%	0.08%	0.08%
	EFX	C	0.07%	0.1%	0.07%
	ELV	C	0.24%	0.09%	0.09%
	EMN	B	0.02%	0.07%	0.02%
	EMR	D	0.11%	0.16%	0.11%
	EOG	D	0.13%	0.12%	0.12%
	EQIX	B	0.16%	0.03%	0.03%
	ETN	C	0.23%	0.21%	0.21%
	EVRG	B	0.03%	0.02%	0.02%
	EXC	B	0.07%	0.11%	0.07%
	EXPD	C	0.03%	0.08%	0.03%
	EXR	B	0.07%	0.08%	0.07%
	F	F	0.08%	0.37%	0.08%
	FANG	D	0.06%	0.05%	0.05%
	FAST	C	0.08%	0.11%	0.08%
	FCX	D	0.11%	0.1%	0.1%
	FDS	C	0.03%	0.06%	0.03%
	FFIV	B	0.02%	0.04%	0.02%
	FICO	B	0.09%	0.25%	0.09%
	FIS	B	0.09%	0.08%	0.08%
	FITB	B	0.05%	0.06%	0.05%
	FOXA	B	0.02%	0.09%	0.02%
	FTNT	B	0.09%	0.06%	0.06%
	GD	B	0.13%	0.18%	0.13%
	GDDY	C	0.04%	0.1%	0.04%
	GE	A	0.35%	1.28%	0.35%
	GEHC	C	0.07%	0.03%	0.03%
	GILD	B	0.19%	0.85%	0.19%
	GIS	B	0.08%	0.12%	0.08%
	GLW	B	0.06%	0.22%	0.06%
	GM	B	0.1%	0.65%	0.1%
	GNRC	D	0.02%	0.05%	0.02%
	GOOGL	D	1.69%	1.33%	1.33%
	GPC	D	0.04%	0.02%	0.02%
	GS	C	0.29%	0.49%	0.29%
	GWW	A	0.08%	0.19%	0.08%
	HAL	F	0.05%	0.04%	0.04%
	HBAN	B	0.04%	0.03%	0.03%
	HCA	A	0.14%	0.15%	0.14%
	HD	A	0.7%	0.43%	0.43%
	HIG	B	0.06%	0.06%	0.06%
	HII	D	0.02%	0.02%	0.02%
	HLT	B	0.1%	0.09%	0.09%
	HOLX	C	0.04%	0.03%	0.03%
	HPE	D	0.04%	0.24%	0.04%
	HPQ	D	0.05%	0.3%	0.05%
	HRL	D	0.02%	0.01%	0.01%
	HSIC	D	0.02%	0.04%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HSY	D	0.06%	0.06%	0.06%
	HUBB	A	0.04%	0.1%	0.04%
	HWM	B	0.07%	0.13%	0.07%
	IBM	A	0.37%	1.46%	0.37%
	ICE	C	0.17%	0.31%	0.17%
	IDXX	D	0.08%	0.06%	0.06%
	IEX	D	0.03%	0.09%	0.03%
	IFF	C	0.05%	0.04%	0.04%
	INCY	C	0.02%	0.01%	0.01%
	INTC	F	0.16%	0.42%	0.16%
	INTU	C	0.34%	0.28%	0.28%
	INVH	C	0.04%	0.06%	0.04%
	IP	C	0.03%	0.13%	0.03%
	IPG	C	0.02%	0.07%	0.02%
	IR	C	0.07%	0.1%	0.07%
	IRM	B	0.06%	0.12%	0.06%
	IT	A	0.07%	0.17%	0.07%
	ITW	C	0.13%	0.09%	0.09%
	IVZ	B	0.01%	0.06%	0.01%
	JBHT	D	0.03%	0.02%	0.02%
	JBL	D	0.02%	0.07%	0.02%
	JKHY	C	0.02%	0.11%	0.02%
	JNJ	C	0.76%	1.08%	0.76%
	JNPR	A	0.02%	0.14%	0.02%
	JPM	D	1.13%	0.97%	0.97%
	K	A	0.04%	0.1%	0.04%
	KDP	B	0.07%	0.07%	0.07%
	KEY	B	0.03%	0.02%	0.02%
	KHC	C	0.05%	0.17%	0.05%
	KKR	A	0.15%	0.15%	0.15%
	KLAC	D	0.19%	0.25%	0.19%
	KMB	D	0.09%	0.17%	0.09%
	KMI	A	0.08%	0.09%	0.08%
	KO	B	0.53%	0.63%	0.53%
	KR	C	0.07%	0.38%	0.07%
	L	D	0.03%	0.09%	0.03%
	LDOS	B	0.04%	0.09%	0.04%
	LEN	C	0.08%	0.09%	0.08%
	LHX	C	0.08%	0.2%	0.08%
	LLY	C	1.4%	2.64%	1.4%
	LMT	B	0.23%	0.55%	0.23%
	LOW	A	0.27%	0.26%	0.26%
	LRCX	F	0.19%	0.3%	0.19%
	LVS	D	0.03%	0.01%	0.01%
	LW	D	0.02%	0.04%	0.02%
	LYB	F	0.05%	0.22%	0.05%
	MA	B	0.76%	0.85%	0.76%
	MAR	C	0.1%	0.13%	0.1%
	MAS	B	0.03%	0.06%	0.03%
	MCD	B	0.4%	0.43%	0.4%
	MCK	F	0.13%	0.54%	0.13%
	MCO	A	0.14%	0.03%	0.03%
	MDLZ	C	0.19%	0.23%	0.19%
	MET	A	0.09%	0.41%	0.09%
	META	A	2.14%	2.29%	2.14%
	MHK	C	0.01%	0.01%	0.01%
	MKC	C	0.04%	0.08%	0.04%
	MKTX	C	0.02%	0.02%	0.02%
	MLM	D	0.06%	0.07%	0.06%
	MMC	C	0.22%	0.2%	0.2%
	MMM	A	0.14%	0.45%	0.14%
	MNST	D	0.07%	0.06%	0.06%
	MO	C	0.17%	0.52%	0.17%
	MOH	D	0.04%	0.03%	0.03%
	MOS	F	0.02%	0.04%	0.02%
	MPC	D	0.11%	0.69%	0.11%
	MPWR	C	0.08%	0.09%	0.08%
	MRK	D	0.55%	0.95%	0.55%
	MRO	C	0.03%	0.11%	0.03%
	MSCI	C	0.08%	0.08%	0.08%
	MSI	B	0.14%	0.16%	0.14%
	MTB	A	0.05%	0.03%	0.03%
	MTD	D	0.06%	0.08%	0.06%
	MU	F	0.19%	0.16%	0.16%
	NDAQ	A	0.06%	0.03%	0.03%
	NDSN	C	0.03%	0.05%	0.03%
	NEM	B	0.11%	0.1%	0.1%
	NFLX	B	0.56%	0.48%	0.48%
	NKE	D	0.18%	0.05%	0.05%
	NOC	A	0.14%	0.24%	0.14%
	NOW	A	0.34%	0.4%	0.34%
	NRG	A	0.03%	0.08%	0.03%
	NTAP	D	0.05%	0.09%	0.05%
	NTRS	B	0.03%	0.03%	0.03%
	NUE	F	0.06%	0.08%	0.06%
	NVDA	D	5.48%	1.78%	1.78%
	NVR	B	0.06%	0.07%	0.06%
	NWSA	D	0.02%	0.07%	0.02%
	ODFL	D	0.06%	0.02%	0.02%
	OKE	B	0.1%	0.09%	0.09%
	OMC	B	0.04%	0.06%	0.04%
	ORCL	B	0.48%	1.26%	0.48%
	ORLY	D	0.12%	0.19%	0.12%
	OTIS	C	0.07%	0.07%	0.07%
	PANW	C	0.21%	0.25%	0.21%
	PARA	F	0.01%	0.02%	0.01%
	PAYX	C	0.08%	0.04%	0.04%
	PCAR	D	0.09%	0.09%	0.09%
	PEG	A	0.08%	0.06%	0.06%
	PEP	D	0.46%	0.65%	0.46%
	PFE	C	0.32%	0.56%	0.32%
	PFG	B	0.03%	0.01%	0.01%
	PG	C	0.78%	0.91%	0.78%
	PGR	A	0.28%	0.55%	0.28%
	PH	A	0.14%	0.15%	0.14%
	PHM	B	0.05%	0.19%	0.05%
	PKG	B	0.03%	0.05%	0.03%
	PM	C	0.37%	0.57%	0.37%
	PNC	A	0.13%	0.11%	0.11%
	PNR	B	0.03%	0.1%	0.03%
	POOL	D	0.03%	0.07%	0.03%
	PPG	D	0.06%	0.05%	0.05%
	PRU	C	0.08%	0.27%	0.08%
	PSA	B	0.11%	0.04%	0.04%
	PSX	D	0.1%	0.59%	0.1%
	PTC	D	0.04%	0.05%	0.04%
	PWR	B	0.07%	0.15%	0.07%
	QCOM	F	0.35%	0.69%	0.35%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.07%	0.09%	0.07%
	REGN	C	0.23%	0.48%	0.23%
	RJF	C	0.04%	0.02%	0.02%
	RL	B	0.01%	0.04%	0.01%
	RMD	C	0.07%	0.13%	0.07%
	ROL	C	0.03%	0.05%	0.03%
	ROP	C	0.11%	0.06%	0.06%
	ROST	C	0.1%	0.08%	0.08%
	RSG	D	0.08%	0.13%	0.08%
	SBAC	C	0.05%	0.03%	0.03%
	SBUX	C	0.21%	0.06%	0.06%
	SCHW	D	0.18%	0.17%	0.17%
	SHW	B	0.17%	0.22%	0.17%
	SJM	C	0.02%	0.03%	0.02%
	SLB	F	0.11%	0.1%	0.1%
	SMCI	F	0.04%	0.16%	0.04%
	SPG	A	0.1%	0.16%	0.1%
	SPGI	A	0.31%	0.07%	0.07%
	STE	C	0.05%	0.13%	0.05%
	STLD	D	0.03%	0.05%	0.03%
	STZ	D	0.08%	0.05%	0.05%
	SYF	C	0.04%	0.33%	0.04%
	SYY	D	0.07%	0.07%	0.07%
	T	C	0.29%	1.31%	0.29%
	TAP	D	0.02%	0.09%	0.02%
	TDG	B	0.14%	0.17%	0.14%
	TER	D	0.04%	0.04%	0.04%
	TFC	D	0.11%	0.09%	0.09%
	TFX	C	0.02%	0.03%	0.02%
	TGT	C	0.13%	0.74%	0.13%
	TJX	C	0.25%	0.36%	0.25%
	TMUS	C	0.19%	0.33%	0.19%
	TPR	C	0.02%	0.01%	0.01%
	TRGP	B	0.06%	0.14%	0.06%
	TROW	D	0.04%	0.08%	0.04%
	TRV	B	0.1%	0.34%	0.1%
	TSCO	C	0.06%	0.07%	0.06%
	TSN	D	0.03%	0.23%	0.03%
	TTWO	D	0.05%	0.08%	0.05%
	TXN	C	0.35%	0.22%	0.22%
	TXT	D	0.03%	0.03%	0.03%
	TYL	C	0.05%	0.08%	0.05%
	UAL	C	0.03%	0.01%	0.01%
	UBER	C	0.28%	0.24%	0.24%
	UDR	C	0.03%	0.03%	0.03%
	UHS	B	0.03%	0.1%	0.03%
	ULTA	D	0.03%	0.05%	0.03%
	UNP	C	0.29%	0.5%	0.29%
	UPS	F	0.18%	0.2%	0.18%
	URI	B	0.09%	0.11%	0.09%
	USB	B	0.13%	0.12%	0.12%
	V	C	0.85%	0.92%	0.85%
	VLO	F	0.08%	0.58%	0.08%
	VMC	D	0.06%	0.07%	0.06%
	VRSK	D	0.07%	0.21%	0.07%
	VRSN	D	0.03%	0.04%	0.03%
	VRTX	D	0.23%	0.23%	0.23%
	VST	A	0.05%	0.32%	0.05%
	VTRS	D	0.03%	0.15%	0.03%
	VZ	B	0.35%	1.07%	0.35%
	WAB	A	0.06%	0.05%	0.05%
	WAT	C	0.04%	0.05%	0.04%
	WBA	F	0.01%	0.15%	0.01%
	WDC	D	0.04%	0.16%	0.04%
	WELL	C	0.15%	0.11%	0.11%
	WFC	D	0.36%	1.49%	0.36%
	WM	D	0.14%	0.24%	0.14%
	WMB	B	0.1%	0.08%	0.08%
	WMT	B	0.64%	1.99%	0.64%
	WRB	C	0.03%	0.02%	0.02%
	WST	D	0.04%	0.05%	0.04%
	WTW	C	0.06%	0.05%	0.05%
	XOM	D	0.94%	1.08%	0.94%
	XYL	D	0.06%	0.12%	0.06%
	YUM	F	0.07%	0.11%	0.07%
	ZTS	C	0.17%	0.04%	0.04%

SPUU Overweight 149 Positions Relative to MFUS

	Symbol	Grade	Weight
	MSFT	C	5.99%
	GOOG	D	1.42%
	TSLA	C	1.21%
	UNH	C	1.03%
	AMD	D	0.46%
	TMO	C	0.45%
	LIN	B	0.43%
	ABT	C	0.39%
	NEE	C	0.33%
	ISRG	C	0.33%
	DIS	D	0.31%
	RTX	C	0.3%
	HON	D	0.25%
	SYK	C	0.24%
	MDT	C	0.23%
	PLD	C	0.23%
	MS	C	0.23%
	BLK	B	0.23%
	AMT	C	0.21%
	ADI	C	0.21%
	DE	B	0.19%
	BA	F	0.18%
	SO	A	0.18%
	TT	A	0.15%
	CDNS	D	0.14%
	PYPL	B	0.14%
	SNPS	D	0.14%
	APD	B	0.12%
	FDX	F	0.12%
	NSC	C	0.11%
	GEV	B	0.11%
	CRWD	D	0.11%
	NXPI	D	0.11%
	ABNB	D	0.1%
	SRE	B	0.1%
	CCI	C	0.1%
	AEP	C	0.1%
	O	C	0.1%
	DHI	C	0.1%
	JCI	B	0.09%
	D	B	0.09%
	HUM	F	0.08%
	ACGL	B	0.08%
	EW	F	0.08%
	MCHP	D	0.08%
	PCG	B	0.08%
	IQV	D	0.08%
	TEL	D	0.08%
	KVUE	C	0.08%
	OXY	F	0.07%
	HES	D	0.07%
	VICI	C	0.07%
	CBRE	A	0.07%
	XEL	B	0.07%
	ED	C	0.07%
	CTSH	C	0.07%
	AME	C	0.07%
	CNC	C	0.07%
	LULU	D	0.06%
	ROK	F	0.06%
	WEC	B	0.06%
	ON	F	0.06%
	EIX	C	0.06%
	CSGP	D	0.06%
	AVB	C	0.06%
	ES	C	0.05%
	VLTO	B	0.05%
	STT	B	0.05%
	DVN	D	0.05%
	FTV	C	0.05%
	FSLR	C	0.05%
	AXON	A	0.05%
	DTE	B	0.05%
	KEYS	C	0.05%
	ETR	A	0.05%
	VTR	C	0.05%
	EQR	C	0.05%
	MRNA	F	0.05%
	DXCM	F	0.05%
	GPN	D	0.05%
	GRMN	D	0.05%
	DAL	C	0.05%
	AWK	C	0.05%
	ARE	C	0.04%
	MAA	C	0.04%
	EQT	D	0.04%
	EL	F	0.04%
	ESS	C	0.04%
	TDY	C	0.04%
	STX	C	0.04%
	RF	B	0.04%
	ATO	B	0.04%
	CMS	B	0.04%
	ZBH	F	0.04%
	CBOE	C	0.04%
	AEE	A	0.04%
	WY	C	0.04%
	SW	C	0.04%
	FE	C	0.04%
	PPL	B	0.04%
	TRMB	C	0.03%
	BG	D	0.03%
	LYV	B	0.03%
	CF	C	0.03%
	SNA	C	0.03%
	NI	B	0.03%
	SWK	B	0.03%
	ENPH	D	0.03%
	LNT	B	0.03%
	WBD	D	0.03%
	DOC	C	0.03%
	KIM	C	0.03%
	AMCR	C	0.03%
	PODD	B	0.03%
	EG	C	0.03%
	SWKS	F	0.03%
	EXPE	C	0.03%
	LUV	C	0.03%
	ZBRA	B	0.03%
	APTV	D	0.03%
	J	C	0.03%
	CNP	D	0.03%
	NCLH	C	0.02%
	PAYC	D	0.02%
	APA	F	0.02%
	GL	C	0.02%
	FRT	C	0.02%
	HAS	B	0.02%
	MGM	D	0.02%
	DAY	D	0.02%
	MTCH	C	0.02%
	SOLV	C	0.02%
	CRL	F	0.02%
	PNW	B	0.02%
	LKQ	F	0.02%
	ALB	F	0.02%
	TECH	D	0.02%
	EPAM	F	0.02%
	KMX	D	0.02%
	ALLE	C	0.02%
	REG	C	0.02%
	NWS	D	0.01%
	FOX	B	0.01%
	ETSY	F	0.01%
	BIO	C	0.01%
	AAL	D	0.01%
	WYNN	D	0.01%
	FMC	C	0.01%
	CZR	C	0.01%

SPUU Underweight 433 Positions Relative to MFUS

	Symbol	Grade	Weight
	THC	B	-0.3%
	ANF	D	-0.29%
	WSM	D	-0.26%
	LII	B	-0.26%
	WSO	C	-0.23%
	SFM	B	-0.21%
	MUSA	D	-0.18%
	UTHR	C	-0.17%
	CASY	D	-0.16%
	BAH	B	-0.15%
	EVR	A	-0.13%
	UNM	B	-0.12%
	FTI	D	-0.12%
	APO	B	-0.12%
	CRS	A	-0.12%
	RPM	B	-0.12%
	ARES	A	-0.11%
	GPK	B	-0.11%
	TOL	B	-0.11%
	ALLY	D	-0.11%
	AEO	D	-0.1%
	HRB	C	-0.1%
	ERIE	B	-0.1%
	USFD	B	-0.1%
	GPI	B	-0.1%
	DASH	B	-0.1%
	JXN	B	-0.1%
	LUMN	C	-0.1%
	DKS	D	-0.1%
	CACI	B	-0.1%
	LECO	F	-0.09%
	ALSN	B	-0.09%
	EHC	B	-0.09%
	BWXT	C	-0.09%
	RS	D	-0.09%
	WCC	D	-0.09%
	MTH	C	-0.09%
	ITT	B	-0.09%
	LSTR	F	-0.09%
	TMHC	B	-0.09%
	AN	D	-0.09%
	CW	A	-0.09%
	EQH	C	-0.08%
	GAP	F	-0.08%
	OSK	D	-0.08%
	UFPI	C	-0.08%
	OC	D	-0.08%
	TTC	D	-0.08%
	SLG	B	-0.08%
	OGN	D	-0.08%
	WU	D	-0.08%
	HLI	A	-0.08%
	AYI	A	-0.08%
	EXP	B	-0.07%
	R	B	-0.07%
	SCI	C	-0.07%
	NSIT	C	-0.07%
	GNTX	D	-0.07%
	CRI	D	-0.07%
	PBF	F	-0.07%
	BC	C	-0.07%
	COIN	F	-0.07%
	SLM	D	-0.07%
	BCC	C	-0.07%
	VNO	B	-0.07%
	SEE	D	-0.07%
	TEX	F	-0.07%
	MLI	B	-0.07%
	ABG	D	-0.07%
	THO	D	-0.07%
	GLPI	C	-0.07%
	ARW	C	-0.07%
	CALM	A	-0.07%
	FCN	C	-0.07%
	CCK	A	-0.07%
	LPX	B	-0.07%
	SEIC	C	-0.07%
	CMC	D	-0.07%
	CNX	A	-0.07%
	ATR	B	-0.07%
	LPLA	F	-0.07%
	X	D	-0.07%
	WPC	C	-0.06%
	SIG	C	-0.06%
	SUI	C	-0.06%
	SANM	D	-0.06%
	IBKR	A	-0.06%
	KSS	F	-0.06%
	JLL	B	-0.06%
	DELL	C	-0.06%
	URBN	D	-0.06%
	MMS	C	-0.06%
	FL	D	-0.06%
	HCC	F	-0.06%
	BERY	C	-0.06%
	KD	D	-0.06%
	FIX	A	-0.06%
	CHE	C	-0.06%
	TPH	C	-0.06%
	FLEX	C	-0.06%
	MHO	B	-0.06%
	MSM	D	-0.06%
	KTB	A	-0.06%
	PK	D	-0.06%
	INGR	B	-0.06%
	TPX	C	-0.06%
	MOG.A	B	-0.05%
	ACM	B	-0.05%
	CRUS	D	-0.05%
	LANC	D	-0.05%
	WHR	C	-0.05%
	NFG	B	-0.05%
	CLH	A	-0.05%
	ATI	D	-0.05%
	KBH	B	-0.05%
	CUBE	B	-0.05%
	BTU	D	-0.05%
	NOV	D	-0.05%
	BDC	A	-0.05%
	AVT	C	-0.05%
	SLGN	B	-0.05%
	PAG	D	-0.05%
	M	F	-0.05%
	APP	B	-0.05%
	SMG	C	-0.05%
	COOP	C	-0.05%
	ATGE	C	-0.05%
	TKR	D	-0.05%
	AMG	C	-0.05%
	MUR	F	-0.05%
	MAC	A	-0.05%
	MTN	D	-0.05%
	LOPE	D	-0.05%
	CBT	B	-0.05%
	WEN	D	-0.05%
	RGA	B	-0.05%
	SKYW	C	-0.05%
	TXRH	C	-0.05%
	LNC	D	-0.05%
	VIRT	C	-0.05%
	TW	B	-0.05%
	LAMR	A	-0.05%
	NYT	C	-0.05%
	NXST	D	-0.05%
	FCNCA	D	-0.05%
	G	C	-0.05%
	POST	C	-0.05%
	GEO	F	-0.04%
	PDCO	F	-0.04%
	GT	F	-0.04%
	TDS	C	-0.04%
	SEM	D	-0.04%
	DBRG	D	-0.04%
	BHF	D	-0.04%
	TRN	D	-0.04%
	VSH	F	-0.04%
	CVLT	B	-0.04%
	SBH	B	-0.04%
	BLD	D	-0.04%
	SLVM	A	-0.04%
	HBI	B	-0.04%
	EME	A	-0.04%
	WTM	D	-0.04%
	MSA	D	-0.04%
	JEF	B	-0.04%
	JHG	B	-0.04%
	UHAL	B	-0.04%
	JWN	B	-0.04%
	ACA	B	-0.04%
	AVTR	C	-0.04%
	APG	D	-0.04%
	COLD	D	-0.04%
	PSTG	F	-0.04%
	FND	C	-0.04%
	XPO	D	-0.04%
	VC	F	-0.04%
	CPNG	A	-0.04%
	CMA	A	-0.04%
	APLE	C	-0.04%
	DDS	D	-0.04%
	HUBG	C	-0.04%
	CRBG	D	-0.04%
	OMF	D	-0.04%
	AMH	C	-0.04%
	SON	D	-0.04%
	OI	D	-0.04%
	GMS	D	-0.04%
	AROC	D	-0.04%
	ASO	C	-0.04%
	ELS	C	-0.04%
	FHI	B	-0.04%
	GATX	D	-0.04%
	NBIX	F	-0.04%
	HEI	A	-0.04%
	SAIA	D	-0.04%
	OLN	D	-0.04%
	RGLD	B	-0.04%
	TGNA	C	-0.04%
	ENTG	D	-0.04%
	ABM	D	-0.04%
	GNW	B	-0.04%
	PINS	F	-0.04%
	CNO	A	-0.04%
	AR	D	-0.04%
	PVH	F	-0.04%
	FLO	C	-0.04%
	XRAY	D	-0.04%
	HXL	F	-0.04%
	PR	D	-0.04%
	MAN	C	-0.04%
	GVA	B	-0.04%
	RRC	D	-0.04%
	AGNC	B	-0.04%
	MTG	B	-0.04%
	DCI	D	-0.04%
	SRCL	B	-0.04%
	SEB	C	-0.04%
	THG	C	-0.04%
	GGG	C	-0.04%
	WERN	D	-0.03%
	PLXS	B	-0.03%
	PINC	D	-0.03%
	AXTA	C	-0.03%
	DRH	C	-0.03%
	NEU	D	-0.03%
	VNT	F	-0.03%
	BKE	C	-0.03%
	RYN	C	-0.03%
	UNF	C	-0.03%
	COHR	B	-0.03%
	SHO	C	-0.03%
	ADNT	F	-0.03%
	STC	B	-0.03%
	COKE	C	-0.03%
	LZB	B	-0.03%
	THS	C	-0.03%
	ZION	D	-0.03%
	MATX	C	-0.03%
	NVT	D	-0.03%
	HOG	C	-0.03%
	OKTA	F	-0.03%
	FR	C	-0.03%
	FNF	B	-0.03%
	RLI	B	-0.03%
	SSD	C	-0.03%
	VVV	D	-0.03%
	BURL	C	-0.03%
	BKU	D	-0.03%
	DK	F	-0.03%
	PRG	B	-0.03%
	BRKR	D	-0.03%
	YELP	F	-0.03%
	BFAM	B	-0.03%
	NAVI	C	-0.03%
	MC	B	-0.03%
	AWI	B	-0.03%
	MDU	B	-0.03%
	SM	D	-0.03%
	WH	B	-0.03%
	HOOD	C	-0.03%
	HP	D	-0.03%
	RPRX	D	-0.03%
	GBX	C	-0.03%
	BJ	D	-0.03%
	MORN	B	-0.03%
	AVA	C	-0.03%
	AMKR	F	-0.03%
	LEA	F	-0.03%
	WTS	C	-0.03%
	RUSHA	C	-0.03%
	DLB	D	-0.03%
	SHOO	B	-0.03%
	PRIM	B	-0.03%
	MKL	C	-0.03%
	DOX	C	-0.03%
	MANH	A	-0.03%
	DINO	F	-0.03%
	CWEN	B	-0.02%
	LAUR	C	-0.02%
	OLLI	C	-0.02%
	ESNT	B	-0.02%
	PTEN	F	-0.02%
	KEX	C	-0.02%
	DAN	F	-0.02%
	BHE	C	-0.02%
	BMRN	F	-0.02%
	TTEK	C	-0.02%
	PHIN	C	-0.02%
	SCS	D	-0.02%
	WAL	B	-0.02%
	DNOW	D	-0.02%
	CSL	B	-0.02%
	SATS	C	-0.02%
	LXP	C	-0.02%
	VFC	C	-0.02%
	NWL	D	-0.02%
	CHDN	D	-0.02%
	APOG	C	-0.02%
	RHI	D	-0.02%
	LEG	D	-0.02%
	SNDR	C	-0.02%
	EWBC	D	-0.02%
	ODP	F	-0.02%
	HNI	C	-0.02%
	ANDE	D	-0.02%
	DORM	B	-0.02%
	GES	F	-0.02%
	OSIS	D	-0.02%
	MCY	D	-0.02%
	SAM	F	-0.02%
	IGT	D	-0.02%
	XRX	F	-0.02%
	GWRE	A	-0.02%
	LBRDK	F	-0.02%
	CC	F	-0.02%
	SNAP	F	-0.02%
	DXC	C	-0.02%
	PMT	C	-0.02%
	RLJ	D	-0.02%
	AGCO	D	-0.02%
	EPC	F	-0.02%
	NTCT	C	-0.02%
	XHR	B	-0.02%
	SXT	C	-0.02%
	KBR	D	-0.02%
	GHC	B	-0.02%
	NSP	D	-0.02%
	AIT	B	-0.02%
	VSTO	C	-0.02%
	PSN	B	-0.02%
	REZI	D	-0.02%
	FLS	D	-0.02%
	GMED	D	-0.02%
	CXW	F	-0.02%
	HAE	D	-0.02%
	WMS	D	-0.02%
	KMPR	D	-0.02%
	GEF	D	-0.02%
	SKX	D	-0.02%
	ORA	C	-0.02%
	PFSI	C	-0.02%
	LNW	B	-0.02%
	CHRD	F	-0.02%
	AIR	C	-0.02%
	AA	D	-0.02%
	EXEL	C	-0.02%
	TDC	F	-0.02%
	MASI	D	-0.02%
	FAF	C	-0.02%
	PNM	B	-0.02%
	APAM	C	-0.02%
	CG	D	-0.02%
	KNX	D	-0.01%
	AAP	F	-0.01%
	SCHL	D	-0.01%
	UHAL	B	-0.01%
	SCL	D	-0.01%
	ARCH	F	-0.01%
	JAZZ	D	-0.01%
	KALU	F	-0.01%
	LYFT	D	-0.01%
	CACC	F	-0.01%
	ACI	F	-0.01%
	MKSI	F	-0.01%
	UVV	D	-0.01%
	ESI	D	-0.01%
	SCCO	D	-0.01%
	SWN	D	-0.01%
	ECPG	D	-0.01%
	WGO	D	-0.01%
	ELAN	D	-0.01%
	HUN	D	-0.01%
	SWX	C	-0.01%
	MTDR	F	-0.01%
	MLKN	F	-0.01%
	HELE	D	-0.01%
	WOR	F	-0.01%
	BECN	D	-0.01%
	SIGI	D	-0.01%
	SYNA	F	-0.01%
	PECO	B	-0.01%
	AMED	C	-0.01%
	ESAB	C	-0.01%
	HPP	F	-0.01%
	CENTA	D	-0.01%
	AFG	B	-0.01%
	WAFD	C	-0.01%
	FHN	D	-0.01%
	FLR	D	-0.01%
	BRC	B	-0.01%
	CNM	F	-0.01%
	SPB	B	-0.01%
	JELD	D	-0.01%
	DTM	A	-0.01%
	JBGS	C	-0.01%
	FELE	C	-0.01%
	WMK	C	-0.01%
	KN	D	-0.01%
	WTFC	C	-0.01%
	TTMI	D	-0.01%
	SAIC	C	-0.01%
	ARCB	F	-0.01%
	CADE	C	-0.01%
	DY	B	-0.01%
	CBSH	D	-0.01%
	ONB	C	-0.01%
	STRA	F	-0.01%
	CSGS	C	-0.01%
	CR	C	-0.01%
	CPRI	D	-0.01%
	SF	A	-0.01%
	WWD	C	-0.01%
	WBS	D	-0.01%
	CBRL	D	-0.01%
	RBC	C	-0.01%
	H	C	-0.01%
	TREX	F	-0.01%
	LADR	C	-0.01%
	GOLF	F	-0.01%
	DEI	B	-0.01%
	NNI	B	-0.01%
	CVI	F	-0.01%
	SAH	D	-0.01%
	AMWD	D	-0.01%
	IOSP	D	-0.01%
	LAD	C	-0.01%
	OMI	D	-0.01%
	TNET	F	-0.01%
	FYBR	C	-0.01%
	SNV	C	-0.01%
	PSMT	B	-0.01%
	NOMD	B	-0.0%
	WOLF	F	-0.0%

SPUU: Top Represented Industries & Keywords

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

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

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