MFUS vs. ACWV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.16

Average Daily Volume

157,232

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ACWV
30 Days	3.55%	0.72%
60 Days	10.60%	7.43%
90 Days	6.54%	8.44%
12 Months	36.03%	23.90%

109 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ACWV	Overlap
ABBV	C	1.56%	0.55%	0.55%
ACI	F	0.01%	0.05%	0.01%
ACN	B	0.23%	0.25%	0.23%
AEP	C	0.09%	0.07%	0.07%
AIZ	B	0.08%	0.11%	0.08%
AJG	C	0.14%	0.31%	0.14%
AKAM	D	0.03%	0.3%	0.03%
AMGN	D	1.01%	0.37%	0.37%
ANET	A	0.14%	0.06%	0.06%
AON	A	0.23%	0.32%	0.23%
APH	D	0.11%	0.48%	0.11%
AZO	D	0.29%	0.77%	0.29%
BAH	C	0.15%	0.38%	0.15%
BDX	C	0.12%	0.23%	0.12%
BMRN	F	0.01%	0.2%	0.01%
BMY	A	0.36%	0.21%	0.21%
BRK.A	B	2.37%	0.87%	0.87%
BRO	A	0.11%	0.27%	0.11%
CAG	D	0.05%	0.05%	0.05%
CAH	B	0.24%	0.16%	0.16%
CB	A	0.17%	0.87%	0.17%
CHD	D	0.07%	0.44%	0.07%
CHRW	C	0.14%	0.06%	0.06%
CI	D	0.15%	0.25%	0.15%
CL	D	0.41%	0.39%	0.39%
CME	A	0.14%	0.22%	0.14%
CMS	A	0.03%	0.17%	0.03%
CPB	D	0.05%	0.24%	0.05%
CSCO	A	0.61%	1.41%	0.61%
CTVA	A	0.04%	0.12%	0.04%
DGX	D	0.09%	0.15%	0.09%
DINO	F	0.01%	0.06%	0.01%
DPZ	D	0.13%	0.19%	0.13%
DUK	C	0.14%	0.83%	0.14%
EA	D	0.16%	0.54%	0.16%
ED	C	0.06%	0.9%	0.06%
ELV	F	0.2%	0.53%	0.2%
ERIE	A	0.06%	0.34%	0.06%
FANG	D	0.05%	0.06%	0.05%
FCNCA	D	0.05%	0.19%	0.05%
FFIV	B	0.06%	0.32%	0.06%
FICO	C	0.21%	0.1%	0.1%
GD	C	0.24%	0.19%	0.19%
GDDY	B	0.1%	0.53%	0.1%
GILD	A	0.79%	0.42%	0.42%
GIS	C	0.2%	0.69%	0.2%
HOLX	D	0.03%	0.05%	0.03%
HRL	F	0.02%	0.24%	0.02%
HSIC	D	0.03%	0.06%	0.03%
HSY	D	0.06%	0.47%	0.06%
IBM	A	1.14%	0.76%	0.76%
INCY	B	0.01%	0.32%	0.01%
IT	A	0.14%	0.07%	0.07%
JKHY	A	0.1%	0.2%	0.1%
JNJ	D	1.28%	1.09%	1.09%
JNPR	C	0.13%	0.32%	0.13%
K	B	0.15%	0.55%	0.15%
KDP	C	0.08%	0.39%	0.08%
KHC	F	0.16%	0.36%	0.16%
KMB	D	0.18%	0.32%	0.18%
KNX	D	0.01%	0.05%	0.01%
KO	C	1.16%	0.06%	0.06%
KR	C	0.37%	0.78%	0.37%
L	C	0.06%	0.38%	0.06%
LLY	D	2.87%	0.57%	0.57%
LMT	A	0.82%	0.25%	0.25%
MA	A	0.27%	0.17%	0.17%
MCD	A	0.55%	1.02%	0.55%
MCK	F	0.5%	1.11%	0.5%
MDLZ	D	0.26%	0.27%	0.26%
MMC	D	0.19%	0.88%	0.19%
MNST	D	0.07%	0.11%	0.07%
MPC	D	0.36%	0.15%	0.15%
MRK	F	1.0%	1.2%	1.0%
MSI	A	0.18%	1.66%	0.18%
NBIX	F	0.04%	0.29%	0.04%
NEM	C	0.22%	0.12%	0.12%
NOC	B	0.38%	0.79%	0.38%
ORCL	A	1.38%	0.48%	0.48%
ORLY	A	0.19%	0.56%	0.19%
PEP	F	0.77%	1.09%	0.77%
PG	D	1.04%	0.83%	0.83%
PGR	B	0.6%	0.81%	0.6%
PTC	B	0.04%	0.2%	0.04%
REGN	D	0.49%	0.8%	0.49%
ROL	C	0.07%	0.21%	0.07%
ROP	D	0.06%	1.3%	0.06%
RSG	D	0.13%	1.11%	0.13%
SJM	D	0.04%	0.29%	0.04%
SO	A	0.13%	0.82%	0.13%
T	B	0.74%	0.25%	0.25%
TJX	D	0.38%	0.35%	0.35%
TMUS	A	0.38%	1.72%	0.38%
TRGP	A	0.09%	0.06%	0.06%
TRV	B	0.2%	0.28%	0.2%
TSN	D	0.16%	0.29%	0.16%
ULTA	D	0.04%	0.17%	0.04%
UNH	B	0.79%	0.8%	0.79%
UTHR	C	0.18%	0.37%	0.18%
V	B	0.28%	0.52%	0.28%
VRSN	C	0.04%	0.36%	0.04%
VRTX	D	0.22%	1.06%	0.22%
VZ	C	1.11%	0.81%	0.81%
WM	B	0.26%	1.36%	0.26%
WMT	A	1.68%	1.69%	1.68%
WRB	C	0.02%	0.38%	0.02%
WTW	C	0.1%	0.09%	0.09%
XOM	A	0.42%	0.1%	0.1%
YUM	C	0.12%	0.24%	0.12%

MFUS Overweight 700 Positions Relative to ACWV

Symbol	Grade	Weight
META	A	2.37%
AVGO	B	1.68%
NVDA	B	1.64%
AMZN	C	1.6%
COST	C	1.36%
AAPL	C	0.97%
JPM	C	0.88%
PM	D	0.83%
QCOM	D	0.8%
TGT	C	0.77%
WFC	B	0.73%
CVS	D	0.71%
MO	D	0.66%
PFE	D	0.64%
C	B	0.63%
MMM	C	0.63%
GE	B	0.61%
HD	A	0.6%
AMAT	C	0.59%
UNP	F	0.54%
NFLX	A	0.46%
BAC	B	0.39%
EBAY	A	0.38%
CVX	B	0.36%
BKNG	B	0.36%
GS	B	0.35%
LOW	C	0.34%
AIG	C	0.34%
TMO	D	0.33%
MET	A	0.32%
GM	D	0.32%
NOW	B	0.31%
TXN	C	0.3%
HCA	C	0.3%
ICE	A	0.3%
HPQ	B	0.29%
THC	D	0.29%
DHR	D	0.28%
KLAC	B	0.28%
SPGI	C	0.27%
ALL	A	0.26%
CHTR	D	0.25%
UPS	D	0.25%
ADM	F	0.25%
NEE	C	0.25%
SYF	A	0.24%
COF	A	0.24%
ANF	D	0.24%
PRU	B	0.23%
RTX	A	0.23%
UBER	C	0.23%
BBY	C	0.23%
PSX	D	0.23%
LHX	A	0.23%
ISRG	C	0.23%
LII	C	0.22%
AFL	A	0.22%
PANW	B	0.22%
SHW	C	0.22%
VST	A	0.21%
WSM	C	0.21%
AXP	A	0.21%
BSX	A	0.2%
WSO	C	0.2%
SFM	A	0.2%
CAT	A	0.2%
CMG	C	0.2%
CTAS	C	0.19%
LRCX	D	0.19%
INTC	D	0.19%
GWW	B	0.19%
GLW	C	0.19%
LYB	B	0.18%
MS	A	0.18%
TDG	A	0.17%
RMD	C	0.17%
BK	A	0.17%
BLK	A	0.17%
VRSK	D	0.17%
DVA	C	0.17%
CMCSA	B	0.16%
VLO	F	0.16%
SPG	A	0.16%
BR	B	0.16%
AMT	D	0.16%
DECK	B	0.15%
HWM	A	0.15%
F	D	0.15%
CASY	D	0.15%
MUSA	D	0.15%
MU	D	0.15%
KKR	A	0.14%
SMCI	F	0.14%
PLTR	A	0.14%
CMI	A	0.13%
EXR	D	0.13%
EFX	D	0.13%
CEG	A	0.13%
SYY	D	0.13%
VTRS	D	0.13%
PH	A	0.13%
TSCO	A	0.12%
XYL	C	0.12%
MCO	D	0.12%
RPM	A	0.12%
AMP	A	0.12%
CLX	C	0.12%
IRM	B	0.12%
PNC	C	0.11%
PHM	C	0.11%
DD	C	0.11%
CSX	D	0.11%
LDOS	A	0.11%
BX	C	0.11%
EVR	C	0.11%
WBA	F	0.11%
FAST	C	0.11%
PWR	A	0.11%
PYPL	A	0.11%
WELL	C	0.11%
MPWR	B	0.1%
AOS	C	0.1%
CW	A	0.1%
NVR	C	0.1%
MTD	C	0.1%
USB	C	0.1%
DG	F	0.1%
ITW	C	0.1%
NTAP	D	0.1%
FOXA	B	0.1%
CRS	B	0.1%
AVY	D	0.1%
HPE	B	0.1%
PSA	C	0.1%
ADP	A	0.1%
AEO	C	0.09%
OKE	A	0.09%
GPI	C	0.09%
DKS	D	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	C	0.09%
URI	C	0.09%
KMI	A	0.09%
HLT	A	0.09%
TMHC	C	0.09%
JXN	A	0.09%
EXPD	D	0.09%
DASH	A	0.09%
SBUX	B	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
OTIS	A	0.08%
EQH	B	0.08%
SLG	C	0.08%
SRE	C	0.08%
BIIB	F	0.08%
TAP	D	0.08%
IP	C	0.08%
TFC	D	0.08%
TYL	D	0.08%
CCI	D	0.08%
CPRT	B	0.08%
BALL	C	0.08%
ADSK	B	0.08%
RCL	B	0.08%
STE	D	0.08%
GEHC	C	0.08%
IEX	D	0.08%
HRB	C	0.08%
TROW	D	0.08%
AYI	A	0.08%
DFS	A	0.08%
WDC	C	0.08%
DLR	C	0.08%
ARES	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
IR	A	0.08%
WMB	A	0.08%
NUE	D	0.08%
ECL	C	0.08%
NSC	C	0.07%
NSIT	B	0.07%
MLM	F	0.07%
COP	D	0.07%
BKR	B	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%
NKE	D	0.07%
HCC	C	0.07%
VNO	B	0.07%
BCC	C	0.07%
MLI	B	0.07%
WU	D	0.07%
ALNY	C	0.07%
GLPI	C	0.07%
WCC	D	0.07%
FIS	A	0.07%
LEN	C	0.07%
EXC	C	0.07%
THO	C	0.07%
EMR	B	0.07%
NRG	A	0.07%
D	A	0.07%
POOL	D	0.07%
UHS	D	0.07%
DHI	C	0.07%
CALM	A	0.07%
SEIC	B	0.07%
HLI	A	0.07%
ABG	D	0.07%
CNC	F	0.06%
ZTS	C	0.06%
TXRH	A	0.06%
SEE	C	0.06%
BC	C	0.06%
CNX	A	0.06%
STZ	D	0.06%
COIN	F	0.06%
JLL	C	0.06%
HIG	A	0.06%
AMG	B	0.06%
FTNT	A	0.06%
TPH	C	0.06%
BERY	C	0.06%
IDXX	D	0.06%
JCI	C	0.06%
RGA	B	0.06%
PEG	A	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%
O	C	0.06%
MSCI	B	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%
CBRE	C	0.05%
CUBE	C	0.05%
NDAQ	C	0.05%
URBN	F	0.05%
PPG	D	0.05%
IBKR	A	0.05%
VLTO	A	0.05%
HBI	B	0.05%
GNRC	B	0.05%
SLGN	B	0.05%
USFD	C	0.05%
COOP	B	0.05%
G	A	0.05%
SQ	D	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%
WAB	A	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%
OGN	F	0.05%
APP	A	0.05%
A	B	0.05%
EIX	C	0.05%
LECO	D	0.05%
GAP	F	0.05%
SKYW	B	0.05%
CARR	A	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%
PAYX	B	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%
CDW	D	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%
ADBE	F	0.04%
FDS	C	0.04%
COLD	D	0.04%
STLD	C	0.04%
SLVM	C	0.04%
PSTG	F	0.04%
SON	D	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%
MAR	A	0.04%
FLO	D	0.04%
AROC	B	0.04%
TGNA	B	0.04%
FTI	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%
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%
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%
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%
MATX	C	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%
AVB	C	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%
IVZ	A	0.03%
ACM	A	0.03%
BJ	B	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%
GES	F	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%
ODFL	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%
JBLU	B	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%
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%
DOW	B	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%
ACA	C	0.02%
LBRDK	C	0.02%
JEF	A	0.02%
ORA	C	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%
NOV	F	0.01%
SCL	D	0.01%
UHAL	C	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	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%
SVC	D	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%
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%
CVI	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%
SLB	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%
SCCO	B	0.0%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 29 Positions Relative to ACWV

Symbol	Grade	Weight
COR	F	-0.95%
MSFT	D	-0.75%
WEC	B	-0.66%
ACGL	A	-0.64%
CBOE	B	-0.54%
KEYS	B	-0.41%
FI	A	-0.4%
MKL	B	-0.39%
CHT	C	-0.38%
WCN	D	-0.37%
HUM	F	-0.35%
GEN	A	-0.27%
CF	A	-0.25%
CTSH	B	-0.2%
FWONK	D	-0.2%
LNG	A	-0.13%
MOH	F	-0.13%
WIT	C	-0.11%
PCG	C	-0.1%
TDY	A	-0.1%
ABT	C	-0.1%
AZPN	A	-0.1%
AEE	A	-0.1%
XEL	C	-0.1%
EG	A	-0.1%
WDAY	D	-0.09%
TPL	A	-0.07%
GPC	D	-0.05%
HKD	C	-0.0%