IUS vs. MFUS ETF Comparison

Comparison of Invesco Strategic US ETF (IUS) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.31

Average Daily Volume

65,422

Number of Holdings ^*

541

* 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

$50.35

Average Daily Volume

7,922

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

Performance

Period	IUS	MFUS
30 Days	3.54%	3.55%
60 Days	9.66%	10.60%
90 Days	5.89%	6.54%
12 Months	30.52%	36.03%

408 Overlapping Holdings

Symbol	Grade	Weight in IUS	Weight in MFUS	Overlap
A	B	0.06%	0.05%	0.05%
AA	B	0.03%	0.01%	0.01%
AAP	F	0.02%	0.01%	0.01%
AAPL	C	4.86%	0.97%	0.97%
ABBV	C	0.73%	1.56%	0.73%
ABG	D	0.04%	0.07%	0.04%
ACI	F	0.12%	0.01%	0.01%
ACM	A	0.05%	0.03%	0.03%
ACN	B	0.48%	0.23%	0.23%
ADBE	F	0.28%	0.04%	0.04%
ADM	F	0.32%	0.25%	0.25%
ADNT	F	0.03%	0.03%	0.03%
ADP	A	0.16%	0.1%	0.1%
ADSK	B	0.07%	0.08%	0.07%
AES	C	0.06%	0.02%	0.02%
AGCO	D	0.04%	0.02%	0.02%
AIZ	B	0.05%	0.08%	0.05%
AKAM	D	0.05%	0.03%	0.03%
ALGN	D	0.03%	0.02%	0.02%
ALL	A	0.25%	0.26%	0.25%
AMAT	C	0.25%	0.59%	0.25%
AMG	B	0.03%	0.06%	0.03%
AMGN	D	0.26%	1.01%	0.26%
AMKR	F	0.03%	0.03%	0.03%
AMZN	C	1.98%	1.6%	1.6%
AN	D	0.06%	0.07%	0.06%
ANDE	D	0.04%	0.02%	0.02%
ANET	A	0.04%	0.14%	0.04%
ANSS	D	0.03%	0.05%	0.03%
AON	A	0.15%	0.23%	0.15%
AOS	C	0.03%	0.1%	0.03%
APH	D	0.09%	0.11%	0.09%
APP	A	0.04%	0.05%	0.04%
AR	C	0.04%	0.04%	0.04%
ARCH	D	0.02%	0.01%	0.01%
ARMK	C	0.05%	0.01%	0.01%
ARW	C	0.1%	0.05%	0.05%
ASO	D	0.03%	0.04%	0.03%
AVGO	B	0.81%	1.68%	0.81%
AVT	B	0.06%	0.04%	0.04%
AVTR	D	0.03%	0.04%	0.03%
AVY	D	0.04%	0.1%	0.04%
AXP	A	0.5%	0.21%	0.21%
AZO	D	0.14%	0.29%	0.14%
BAH	C	0.03%	0.15%	0.03%
BALL	C	0.05%	0.08%	0.05%
BAX	D	0.08%	0.05%	0.05%
BBY	C	0.16%	0.23%	0.16%
BC	C	0.03%	0.06%	0.03%
BCC	C	0.03%	0.07%	0.03%
BDX	C	0.16%	0.12%	0.12%
BEN	F	0.03%	0.02%	0.02%
BERY	C	0.07%	0.06%	0.06%
BIIB	F	0.06%	0.08%	0.06%
BJ	B	0.05%	0.03%	0.03%
BKNG	B	0.36%	0.36%	0.36%
BKR	B	0.14%	0.07%	0.07%
BLDR	C	0.13%	0.04%	0.04%
BMY	A	0.56%	0.36%	0.36%
BR	B	0.04%	0.16%	0.04%
BRK.A	B	2.91%	2.37%	2.37%
BRO	A	0.03%	0.11%	0.03%
BSX	A	0.11%	0.2%	0.11%
BTU	B	0.04%	0.05%	0.04%
BURL	C	0.04%	0.03%	0.03%
BWA	C	0.06%	0.01%	0.01%
BX	C	0.22%	0.11%	0.11%
CACI	A	0.03%	0.09%	0.03%
CAG	D	0.08%	0.05%	0.05%
CAH	B	0.44%	0.24%	0.24%
CARR	A	0.12%	0.05%	0.05%
CASY	D	0.05%	0.15%	0.05%
CAT	A	0.47%	0.2%	0.2%
CB	A	0.45%	0.17%	0.17%
CBRE	C	0.13%	0.05%	0.05%
CCK	C	0.05%	0.06%	0.05%
CCL	C	0.09%	0.02%	0.02%
CDW	D	0.07%	0.04%	0.04%
CE	D	0.05%	0.04%	0.04%
CEG	A	0.05%	0.13%	0.05%
CHD	D	0.04%	0.07%	0.04%
CHRW	C	0.08%	0.14%	0.08%
CHTR	D	0.28%	0.25%	0.25%
CI	D	0.7%	0.15%	0.15%
CINF	A	0.09%	0.02%	0.02%
CL	D	0.14%	0.41%	0.14%
CLF	D	0.06%	0.01%	0.01%
CLX	C	0.04%	0.12%	0.04%
CMC	D	0.04%	0.05%	0.04%
CMCSA	B	1.09%	0.16%	0.16%
CMG	C	0.05%	0.2%	0.05%
CMI	A	0.15%	0.13%	0.13%
CMS	A	0.07%	0.03%	0.03%
CNC	F	0.41%	0.06%	0.06%
CNM	F	0.02%	0.01%	0.01%
CNX	A	0.04%	0.06%	0.04%
COHR	B	0.04%	0.03%	0.03%
COP	D	0.63%	0.07%	0.07%
COST	C	0.73%	1.36%	0.73%
CPAY	A	0.05%	0.03%	0.03%
CPB	D	0.03%	0.05%	0.03%
CPNG	C	0.06%	0.04%	0.04%
CPRI	C	0.04%	0.01%	0.01%
CPRT	B	0.03%	0.08%	0.03%
CSCO	A	0.69%	0.61%	0.61%
CSL	A	0.05%	0.02%	0.02%
CSX	D	0.21%	0.11%	0.11%
CTAS	C	0.06%	0.19%	0.06%
CTVA	A	0.14%	0.04%	0.04%
CVI	D	0.03%	0.01%	0.01%
CVS	D	1.07%	0.71%	0.71%
CVX	B	1.5%	0.36%	0.36%
DAN	D	0.02%	0.02%	0.02%
DASH	A	0.06%	0.09%	0.06%
DD	C	0.16%	0.11%	0.11%
DECK	B	0.03%	0.15%	0.03%
DELL	C	0.21%	0.03%	0.03%
DG	F	0.08%	0.1%	0.08%
DGX	D	0.07%	0.09%	0.07%
DHI	C	0.2%	0.07%	0.07%
DHR	D	0.26%	0.28%	0.26%
DINO	F	0.1%	0.01%	0.01%
DK	F	0.03%	0.03%	0.03%
DKS	D	0.07%	0.09%	0.07%
DLTR	F	0.07%	0.03%	0.03%
DOV	C	0.05%	0.02%	0.02%
DOW	B	0.23%	0.02%	0.02%
DOX	B	0.04%	0.03%	0.03%
DRI	C	0.07%	0.03%	0.03%
DTE	B	0.1%	0.02%	0.02%
DVA	C	0.05%	0.17%	0.05%
DXC	C	0.08%	0.01%	0.01%
EA	D	0.09%	0.16%	0.09%
EBAY	A	0.13%	0.38%	0.13%
ECL	C	0.08%	0.08%	0.08%
ED	C	0.15%	0.06%	0.06%
EFX	D	0.04%	0.13%	0.04%
ELAN	D	0.02%	0.01%	0.01%
ELV	F	0.52%	0.2%	0.2%
EME	B	0.04%	0.04%	0.04%
EMN	C	0.06%	0.04%	0.04%
EMR	B	0.13%	0.07%	0.07%
EXC	C	0.18%	0.07%	0.07%
EXPD	D	0.09%	0.09%	0.09%
F	D	0.55%	0.15%	0.15%
FAF	C	0.04%	0.02%	0.02%
FANG	D	0.15%	0.05%	0.05%
FAST	C	0.06%	0.11%	0.06%
FE	C	0.09%	0.03%	0.03%
FFIV	B	0.03%	0.06%	0.03%
FLEX	B	0.1%	0.04%	0.04%
FLR	B	0.04%	0.01%	0.01%
FOXA	B	0.14%	0.1%	0.1%
FTI	B	0.03%	0.04%	0.03%
FTNT	A	0.06%	0.06%	0.06%
FYBR	C	0.04%	0.01%	0.01%
GAP	F	0.03%	0.05%	0.03%
GD	C	0.2%	0.24%	0.2%
GDDY	B	0.04%	0.1%	0.04%
GE	B	0.43%	0.61%	0.43%
GEHC	C	0.07%	0.08%	0.07%
GILD	A	0.37%	0.79%	0.37%
GIS	C	0.16%	0.2%	0.16%
GLW	C	0.12%	0.19%	0.12%
GM	D	0.82%	0.32%	0.32%
GPI	C	0.05%	0.09%	0.05%
GPK	D	0.04%	0.08%	0.04%
GT	F	0.04%	0.01%	0.01%
GWW	B	0.08%	0.19%	0.08%
H	B	0.04%	0.01%	0.01%
HCA	C	0.27%	0.3%	0.27%
HD	A	0.9%	0.6%	0.6%
HIG	A	0.18%	0.06%	0.06%
HII	F	0.04%	0.03%	0.03%
HLT	A	0.09%	0.09%	0.09%
HOG	D	0.03%	0.03%	0.03%
HOLX	D	0.05%	0.03%	0.03%
HP	D	0.02%	0.02%	0.02%
HPE	B	0.2%	0.1%	0.1%
HPQ	B	0.18%	0.29%	0.18%
HRB	C	0.03%	0.08%	0.03%
HRL	F	0.06%	0.02%	0.02%
HSIC	D	0.04%	0.03%	0.03%
HST	D	0.04%	0.02%	0.02%
HSY	D	0.07%	0.06%	0.06%
HUBB	A	0.03%	0.03%	0.03%
HUN	B	0.04%	0.01%	0.01%
HWM	A	0.05%	0.15%	0.05%
IBM	A	0.57%	1.14%	0.57%
IFF	D	0.09%	0.04%	0.04%
INGR	B	0.04%	0.06%	0.04%
INTC	D	0.42%	0.19%	0.19%
IP	C	0.12%	0.08%	0.08%
IPG	D	0.05%	0.04%	0.04%
IR	A	0.06%	0.08%	0.06%
IRM	B	0.06%	0.12%	0.06%
ISRG	C	0.12%	0.23%	0.12%
IT	A	0.04%	0.14%	0.04%
ITW	C	0.14%	0.1%	0.1%
JBHT	D	0.05%	0.02%	0.02%
JBL	C	0.11%	0.03%	0.03%
JCI	C	0.16%	0.06%	0.06%
JHG	A	0.03%	0.04%	0.03%
JLL	C	0.07%	0.06%	0.06%
JNJ	D	0.96%	1.28%	0.96%
JNPR	C	0.05%	0.13%	0.05%
K	B	0.08%	0.15%	0.08%
KBH	D	0.04%	0.04%	0.04%
KD	D	0.03%	0.04%	0.03%
KDP	C	0.13%	0.08%	0.08%
KHC	F	0.25%	0.16%	0.16%
KLAC	B	0.13%	0.28%	0.13%
KMB	D	0.11%	0.18%	0.11%
KMI	A	0.22%	0.09%	0.09%
KNX	D	0.05%	0.01%	0.01%
KO	C	0.5%	1.16%	0.5%
KR	C	0.35%	0.37%	0.35%
KSS	D	0.05%	0.03%	0.03%
LAD	C	0.07%	0.02%	0.02%
LBRDK	C	0.05%	0.02%	0.02%
LDOS	A	0.06%	0.11%	0.06%
LEA	F	0.06%	0.01%	0.01%
LEN	C	0.22%	0.07%	0.07%
LHX	A	0.14%	0.23%	0.14%
LLY	D	0.27%	2.87%	0.27%
LMT	A	0.51%	0.82%	0.51%
LOW	C	0.48%	0.34%	0.34%
LPLA	D	0.05%	0.05%	0.05%
LRCX	D	0.16%	0.19%	0.16%
LUMN	C	0.4%	0.05%	0.05%
LYB	B	0.15%	0.18%	0.15%
M	D	0.05%	0.02%	0.02%
MA	A	0.44%	0.27%	0.27%
MAN	D	0.05%	0.03%	0.03%
MAR	A	0.15%	0.04%	0.04%
MAS	C	0.04%	0.06%	0.04%
MCD	A	0.3%	0.55%	0.3%
MCK	F	0.49%	0.5%	0.49%
MCO	D	0.07%	0.12%	0.07%
MDLZ	D	0.26%	0.26%	0.26%
META	A	2.24%	2.37%	2.24%
MHK	C	0.06%	0.01%	0.01%
MKC	C	0.05%	0.06%	0.05%
MLM	F	0.05%	0.07%	0.05%
MMC	D	0.17%	0.19%	0.17%
MMM	C	0.29%	0.63%	0.29%
MNST	D	0.04%	0.07%	0.04%
MO	D	0.32%	0.66%	0.32%
MOS	F	0.1%	0.01%	0.01%
MPC	D	0.67%	0.36%	0.36%
MRK	F	0.47%	1.0%	0.47%
MRO	B	0.13%	0.03%	0.03%
MSCI	B	0.04%	0.06%	0.04%
MSI	A	0.08%	0.18%	0.08%
MTD	C	0.04%	0.1%	0.04%
MTH	C	0.03%	0.07%	0.03%
MTN	D	0.03%	0.05%	0.03%
MU	D	0.2%	0.15%	0.15%
MUR	F	0.03%	0.01%	0.01%
MUSA	D	0.05%	0.15%	0.05%
NDAQ	C	0.05%	0.05%	0.05%
NEM	C	0.17%	0.22%	0.17%
NFG	A	0.03%	0.05%	0.03%
NFLX	A	0.28%	0.46%	0.28%
NKE	D	0.31%	0.07%	0.07%
NOC	B	0.22%	0.38%	0.22%
NOV	F	0.02%	0.01%	0.01%
NOW	B	0.09%	0.31%	0.09%
NRG	A	0.07%	0.07%	0.07%
NSC	C	0.15%	0.07%	0.07%
NSIT	B	0.03%	0.07%	0.03%
NTAP	D	0.06%	0.1%	0.06%
NUE	D	0.21%	0.08%	0.08%
NVDA	B	0.84%	1.64%	0.84%
NVR	C	0.08%	0.1%	0.08%
NWL	D	0.03%	0.02%	0.02%
NWSA	D	0.06%	0.04%	0.04%
NXST	D	0.04%	0.05%	0.04%
OC	C	0.06%	0.02%	0.02%
ODFL	F	0.05%	0.02%	0.02%
ODP	F	0.02%	0.02%	0.02%
OKE	A	0.14%	0.09%	0.09%
OLN	D	0.04%	0.04%	0.04%
OMC	C	0.07%	0.06%	0.06%
OMF	D	0.05%	0.02%	0.02%
ORCL	A	0.32%	1.38%	0.32%
ORLY	A	0.13%	0.19%	0.13%
OSK	F	0.03%	0.03%	0.03%
OTIS	A	0.06%	0.08%	0.06%
PANW	B	0.06%	0.22%	0.06%
PARA	F	0.11%	0.01%	0.01%
PAYX	B	0.06%	0.04%	0.04%
PBF	F	0.06%	0.02%	0.02%
PEP	F	0.45%	0.77%	0.45%
PFE	D	0.72%	0.64%	0.64%
PG	D	0.77%	1.04%	0.77%
PGR	B	0.3%	0.6%	0.3%
PH	A	0.13%	0.13%	0.13%
PHM	C	0.11%	0.11%	0.11%
PKG	B	0.06%	0.07%	0.06%
PM	D	0.35%	0.83%	0.35%
POOL	D	0.03%	0.07%	0.03%
POST	C	0.04%	0.05%	0.04%
PPG	D	0.08%	0.05%	0.05%
PPL	C	0.09%	0.04%	0.04%
PSA	C	0.15%	0.1%	0.1%
PSX	D	0.47%	0.23%	0.23%
PVH	D	0.04%	0.02%	0.02%
PWR	A	0.07%	0.11%	0.07%
PYPL	A	0.32%	0.11%	0.11%
QCOM	D	0.33%	0.8%	0.33%
QRVO	F	0.04%	0.01%	0.01%
R	C	0.07%	0.07%	0.07%
RCL	B	0.08%	0.08%	0.08%
REGN	D	0.2%	0.49%	0.2%
RGA	B	0.1%	0.06%	0.06%
RHI	D	0.03%	0.02%	0.02%
RL	B	0.04%	0.03%	0.03%
RMD	C	0.04%	0.17%	0.04%
ROP	D	0.07%	0.06%	0.06%
RPM	A	0.03%	0.12%	0.03%
RRC	D	0.03%	0.02%	0.02%
RS	D	0.08%	0.04%	0.04%
RSG	D	0.07%	0.13%	0.07%
RTX	A	0.67%	0.23%	0.23%
SAIC	A	0.03%	0.01%	0.01%
SATS	C	0.06%	0.02%	0.02%
SBAC	C	0.04%	0.03%	0.03%
SBUX	B	0.21%	0.09%	0.09%
SCI	D	0.04%	0.06%	0.04%
SHW	C	0.14%	0.22%	0.14%
SIG	C	0.03%	0.04%	0.03%
SJM	D	0.07%	0.04%	0.04%
SKX	B	0.04%	0.02%	0.02%
SLB	D	0.17%	0.01%	0.01%
SM	D	0.03%	0.03%	0.03%
SON	D	0.03%	0.04%	0.03%
SQ	D	0.08%	0.05%	0.05%
SSNC	C	0.05%	0.02%	0.02%
STE	D	0.04%	0.08%	0.04%
STLD	C	0.12%	0.04%	0.04%
STZ	D	0.11%	0.06%	0.06%
SYY	D	0.19%	0.13%	0.13%
T	B	1.31%	0.74%	0.74%
TAP	D	0.08%	0.08%	0.08%
TDG	A	0.05%	0.17%	0.05%
TDS	C	0.04%	0.04%	0.04%
TER	C	0.03%	0.04%	0.03%
TGNA	B	0.03%	0.04%	0.03%
TGT	C	0.32%	0.77%	0.32%
THC	D	0.08%	0.29%	0.08%
THO	C	0.04%	0.07%	0.04%
TJX	D	0.28%	0.38%	0.28%
TMHC	C	0.05%	0.09%	0.05%
TMO	D	0.37%	0.33%	0.33%
TMUS	A	0.35%	0.38%	0.35%
TNET	D	0.03%	0.01%	0.01%
TOL	C	0.07%	0.06%	0.06%
TPR	B	0.05%	0.01%	0.01%
TRGP	A	0.11%	0.09%	0.09%
TROW	D	0.07%	0.08%	0.07%
TRV	B	0.27%	0.2%	0.2%
TSCO	A	0.07%	0.12%	0.07%
TSN	D	0.17%	0.16%	0.16%
TTWO	D	0.03%	0.06%	0.03%
TW	A	0.03%	0.05%	0.03%
TXN	C	0.28%	0.3%	0.28%
UAL	A	0.05%	0.01%	0.01%
UBER	C	0.12%	0.23%	0.12%
UFPI	C	0.04%	0.07%	0.04%
UGI	C	0.04%	0.01%	0.01%
UHS	D	0.08%	0.07%	0.07%
ULTA	D	0.06%	0.04%	0.04%
UNH	B	1.54%	0.79%	0.79%
UNP	F	0.27%	0.54%	0.27%
UPS	D	0.44%	0.25%	0.25%
URI	C	0.14%	0.09%	0.09%
USFD	C	0.1%	0.05%	0.05%
UTHR	C	0.04%	0.18%	0.04%
V	B	0.66%	0.28%	0.28%
VFC	A	0.06%	0.02%	0.02%
VLO	F	0.46%	0.16%	0.16%
VRSK	D	0.08%	0.17%	0.08%
VRSN	C	0.03%	0.04%	0.03%
VRTX	D	0.11%	0.22%	0.11%
VST	A	0.13%	0.21%	0.13%
VTRS	D	0.13%	0.13%	0.13%
VVV	D	0.03%	0.02%	0.02%
VZ	C	1.22%	1.11%	1.11%
WAB	A	0.07%	0.05%	0.05%
WBA	F	0.13%	0.11%	0.11%
WCC	D	0.05%	0.07%	0.05%
WDC	C	0.04%	0.08%	0.04%
WHR	C	0.07%	0.03%	0.03%
WM	B	0.15%	0.26%	0.15%
WMT	A	1.21%	1.68%	1.21%
WRB	C	0.07%	0.02%	0.02%
WSM	C	0.04%	0.21%	0.04%
WSO	C	0.03%	0.2%	0.03%
WST	D	0.02%	0.04%	0.02%
WTW	C	0.1%	0.1%	0.1%
WU	D	0.03%	0.07%	0.03%
X	F	0.09%	0.03%	0.03%
XOM	A	2.3%	0.42%	0.42%
XRX	D	0.02%	0.01%	0.01%
XYL	C	0.04%	0.12%	0.04%
YUM	C	0.03%	0.12%	0.03%
ZTS	C	0.1%	0.06%	0.06%

IUS Overweight 133 Positions Relative to MFUS

Symbol	Grade	Weight
GOOGL	B	3.44%
MSFT	D	2.83%
TSLA	C	0.53%
DIS	D	0.48%
CRM	B	0.44%
LIN	C	0.42%
DE	C	0.39%
ABT	C	0.38%
MDT	C	0.36%
FDX	F	0.35%
EOG	B	0.31%
HON	C	0.29%
OXY	D	0.28%
HUM	F	0.28%
WBD	F	0.24%
AMD	C	0.24%
LNG	A	0.21%
INTU	F	0.19%
XEL	C	0.16%
FCX	B	0.15%
ETN	B	0.15%
PCAR	D	0.15%
CTSH	B	0.14%
APD	C	0.14%
BG	F	0.14%
SYK	C	0.14%
TEL	D	0.13%
SNX	C	0.12%
DVN	F	0.12%
BA	F	0.12%
EXPE	B	0.12%
ABNB	D	0.12%
ACGL	A	0.12%
CTRA	D	0.11%
PFGC	A	0.11%
TT	A	0.11%
ROST	D	0.11%
EQIX	C	0.1%
MELI	D	0.1%
EG	A	0.1%
UNFI	C	0.09%
HAL	D	0.09%
MCHP	F	0.09%
CNP	B	0.09%
SWK	C	0.09%
MKL	B	0.09%
CF	A	0.09%
SNEX	B	0.09%
KMX	F	0.08%
OVV	D	0.08%
CHK	C	0.08%
HES	D	0.08%
MRVL	C	0.08%
EQT	C	0.08%
MGM	D	0.08%
ZIM	D	0.08%
SW	C	0.08%
MOH	F	0.08%
AMCR	C	0.08%
IQV	F	0.08%
TX	D	0.08%
CAR	D	0.07%
ON	F	0.07%
ZBH	F	0.07%
WY	C	0.07%
J	F	0.07%
GPC	D	0.07%
TXT	F	0.07%
APTV	D	0.07%
AME	C	0.06%
LKQ	F	0.06%
LVS	B	0.06%
APA	F	0.06%
SWKS	F	0.06%
FTV	C	0.06%
RNR	A	0.06%
SNPS	F	0.06%
EL	D	0.06%
ORI	A	0.06%
WCN	D	0.06%
CDNS	D	0.05%
SNA	C	0.05%
DAL	C	0.05%
ALB	D	0.05%
ZM	B	0.05%
TPG	A	0.05%
KEYS	B	0.05%
AFG	A	0.05%
VMC	D	0.05%
ROK	D	0.05%
SWN	D	0.05%
CZR	B	0.05%
WDAY	D	0.05%
ILMN	B	0.04%
HTZ	F	0.04%
CIVI	F	0.04%
BECN	D	0.04%
LYV	A	0.04%
PENN	D	0.04%
FSLR	C	0.04%
RH	C	0.04%
RRX	B	0.04%
CHRD	F	0.04%
STX	C	0.04%
LULU	D	0.04%
EW	F	0.04%
TDY	A	0.04%
GRMN	D	0.04%
NCLH	C	0.04%
TWLO	B	0.04%
MTDR	D	0.03%
PR	D	0.03%
IAC	C	0.03%
GXO	D	0.03%
DAR	F	0.03%
SNOW	F	0.03%
LUV	B	0.03%
WSC	D	0.03%
OGS	C	0.03%
ALV	F	0.03%
NU	D	0.03%
JAZZ	F	0.03%
HAS	A	0.03%
PII	D	0.03%
MRNA	F	0.03%
CBOE	B	0.03%
ATKR	F	0.02%
DXCM	F	0.02%
AAL	D	0.02%
PRGO	F	0.02%
AMR	F	0.02%
CSGP	F	0.02%
PINS	D	0.02%

IUS Underweight 401 Positions Relative to MFUS

Symbol	Grade	Weight
JPM	C	-0.88%
WFC	B	-0.73%
C	B	-0.63%
BAC	B	-0.39%
GS	B	-0.35%
AIG	C	-0.34%
MET	A	-0.32%
ICE	A	-0.3%
SPGI	C	-0.27%
NEE	C	-0.25%
SYF	A	-0.24%
COF	A	-0.24%
ANF	D	-0.24%
PRU	B	-0.23%
LII	C	-0.22%
AFL	A	-0.22%
FICO	C	-0.21%
SFM	A	-0.2%
MS	A	-0.18%
BK	A	-0.17%
BLK	A	-0.17%
SPG	A	-0.16%
AMT	D	-0.16%
AJG	C	-0.14%
KKR	A	-0.14%
CME	A	-0.14%
DUK	C	-0.14%
SMCI	F	-0.14%
PLTR	A	-0.14%
EXR	D	-0.13%
DPZ	D	-0.13%
SO	A	-0.13%
AMP	A	-0.12%
PNC	C	-0.11%
EVR	C	-0.11%
WELL	C	-0.11%
MPWR	B	-0.1%
CW	A	-0.1%
USB	C	-0.1%
CRS	B	-0.1%
JKHY	A	-0.1%
AEO	C	-0.09%
AEP	C	-0.09%
ALSN	A	-0.09%
LSTR	F	-0.09%
EHC	C	-0.09%
JXN	A	-0.09%
BWXT	A	-0.09%
LPX	C	-0.08%
ATR	A	-0.08%
EQH	B	-0.08%
SLG	C	-0.08%
SRE	C	-0.08%
TFC	D	-0.08%
TYL	D	-0.08%
CCI	D	-0.08%
IEX	D	-0.08%
AYI	A	-0.08%
DFS	A	-0.08%
DLR	C	-0.08%
ARES	A	-0.08%
ITT	C	-0.08%
WMB	A	-0.08%
TTC	F	-0.07%
ROL	C	-0.07%
HCC	C	-0.07%
VNO	B	-0.07%
MLI	B	-0.07%
ALNY	C	-0.07%
GLPI	C	-0.07%
FIS	A	-0.07%
D	A	-0.07%
CALM	A	-0.07%
SEIC	B	-0.07%
HLI	A	-0.07%
TXRH	A	-0.06%
SEE	C	-0.06%
L	C	-0.06%
COIN	F	-0.06%
ERIE	A	-0.06%
TPH	C	-0.06%
IDXX	D	-0.06%
PEG	A	-0.06%
PK	D	-0.06%
CRI	D	-0.06%
CPT	C	-0.06%
MMS	C	-0.06%
O	C	-0.06%
FCN	C	-0.06%
CHE	D	-0.06%
MSM	D	-0.06%
EXP	C	-0.06%
MHO	C	-0.05%
NDSN	C	-0.05%
CUBE	C	-0.05%
URBN	F	-0.05%
IBKR	A	-0.05%
VLTO	A	-0.05%
HBI	B	-0.05%
GNRC	B	-0.05%
SLGN	B	-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%
WAT	B	-0.05%
TEX	F	-0.05%
WEN	B	-0.05%
ATGE	D	-0.05%
ALLY	F	-0.05%
CBT	B	-0.05%
KTB	C	-0.05%
FCNCA	D	-0.05%
OGN	F	-0.05%
EIX	C	-0.05%
LECO	D	-0.05%
SKYW	B	-0.05%
LAMR	C	-0.05%
SUI	D	-0.05%
FIX	A	-0.05%
SLM	B	-0.05%
LANC	F	-0.04%
NYT	C	-0.04%
DBRG	D	-0.04%
UNM	A	-0.04%
BHF	D	-0.04%
BLD	D	-0.04%
MANH	A	-0.04%
CVLT	B	-0.04%
TRN	C	-0.04%
BDC	A	-0.04%
WTM	C	-0.04%
ES	D	-0.04%
EXEL	B	-0.04%
JWN	D	-0.04%
EQR	C	-0.04%
CLH	B	-0.04%
CMA	C	-0.04%
FDS	C	-0.04%
COLD	D	-0.04%
SLVM	C	-0.04%
NBIX	F	-0.04%
PSTG	F	-0.04%
PTC	B	-0.04%
ELS	D	-0.04%
HUBG	D	-0.04%
MAC	B	-0.04%
AMH	D	-0.04%
UHAL	C	-0.04%
FITB	C	-0.04%
GATX	F	-0.04%
INVH	D	-0.04%
TKR	B	-0.04%
FLO	D	-0.04%
AROC	B	-0.04%
HEI	C	-0.04%
CRBG	B	-0.04%
SCHW	D	-0.04%
SMG	C	-0.04%
VTR	C	-0.04%
ABM	D	-0.04%
CNO	B	-0.04%
AGNC	B	-0.04%
LOPE	D	-0.04%
ETR	A	-0.04%
RGLD	C	-0.04%
FL	F	-0.04%
SRCL	B	-0.04%
THG	A	-0.04%
DCI	B	-0.04%
GVA	A	-0.04%
CRUS	D	-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%
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%
COKE	C	-0.03%
XRAY	D	-0.03%
XPO	F	-0.03%
FNF	C	-0.03%
HBAN	B	-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%
GMS	B	-0.03%
APLE	B	-0.03%
MATX	C	-0.03%
UDR	C	-0.03%
WPC	C	-0.03%
HOOD	B	-0.03%
PRG	C	-0.03%
GNW	A	-0.03%
BFAM	C	-0.03%
MC	B	-0.03%
MTB	A	-0.03%
WH	C	-0.03%
GGG	C	-0.03%
AWI	A	-0.03%
AVB	C	-0.03%
RPRX	D	-0.03%
TFX	C	-0.03%
GBX	C	-0.03%
AVA	D	-0.03%
MORN	B	-0.03%
MDU	C	-0.03%
IVZ	A	-0.03%
CFG	C	-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%
KEX	C	-0.02%
TDC	D	-0.02%
GES	F	-0.02%
BHE	C	-0.02%
PHIN	D	-0.02%
CWEN	C	-0.02%
AXTA	C	-0.02%
KIM	C	-0.02%
FR	D	-0.02%
DNOW	F	-0.02%
EVRG	C	-0.02%
WAL	C	-0.02%
TTEK	A	-0.02%
ATO	A	-0.02%
APG	F	-0.02%
CROX	C	-0.02%
VSCO	C	-0.02%
LXP	D	-0.02%
JBLU	B	-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%
BXP	B	-0.02%
DORM	C	-0.02%
OSIS	C	-0.02%
ZBRA	B	-0.02%
SAM	D	-0.02%
ESS	D	-0.02%
NAVI	D	-0.02%
LNW	F	-0.02%
GWRE	A	-0.02%
MCY	B	-0.02%
LNT	B	-0.02%
YELP	D	-0.02%
PMT	B	-0.02%
CC	D	-0.02%
EPC	F	-0.02%
MAA	D	-0.02%
BRKR	D	-0.02%
NSP	F	-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%
AIR	C	-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%
KEY	B	-0.02%
WMS	D	-0.02%
PINC	F	-0.02%
PAG	D	-0.02%
ACA	C	-0.02%
JEF	A	-0.02%
ORA	C	-0.02%
PDCO	F	-0.02%
WERN	D	-0.02%
PNM	B	-0.02%
CG	B	-0.02%
SCL	D	-0.01%
UHAL	C	-0.01%
MLKN	F	-0.01%
CACC	F	-0.01%
KALU	D	-0.01%
ECPG	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%
ESI	C	-0.01%
CFR	B	-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%
PNW	C	-0.01%
IDCC	A	-0.01%
SR	D	-0.01%
PPC	C	-0.01%
RKT	D	-0.01%
SPR	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%
INCY	B	-0.01%
FHN	D	-0.01%
AMED	D	-0.01%
JBGS	C	-0.01%
PFG	A	-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%
ONB	D	-0.01%
BRC	C	-0.01%
DTM	A	-0.01%
FELE	C	-0.01%
STRA	F	-0.01%
CSGS	B	-0.01%
TTMI	D	-0.01%
KN	B	-0.01%
BBWI	F	-0.01%
DY	C	-0.01%
VNT	F	-0.01%
CR	A	-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%
NNN	C	-0.01%
RBC	C	-0.01%
DEI	A	-0.01%
SAH	D	-0.01%
SNV	D	-0.01%
IOSP	F	-0.01%
REZI	D	-0.01%
ADC	C	-0.01%
PTEN	F	-0.01%
ICUI	B	-0.01%
HE	F	-0.01%
PSMT	A	-0.01%
SCS	D	-0.01%
ESNT	A	-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%