MFUS vs. APUE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

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

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	APUE
30 Days	2.73%	3.74%
60 Days	3.41%	4.87%
90 Days	5.38%	6.08%
12 Months	32.49%	33.10%

221 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in APUE	Overlap
A	D	0.05%	0.09%	0.05%
AAPL	C	0.97%	5.79%	0.97%
ABBV	D	1.35%	0.6%	0.6%
ACN	C	0.24%	0.58%	0.24%
ADBE	C	0.04%	0.47%	0.04%
ADM	D	0.23%	0.03%	0.03%
ADP	B	0.11%	0.17%	0.11%
AEP	D	0.08%	0.22%	0.08%
AFL	B	0.22%	0.41%	0.22%
AIG	B	0.34%	0.14%	0.14%
ALL	A	0.26%	0.08%	0.08%
AMAT	F	0.5%	0.39%	0.39%
AMGN	D	0.92%	0.18%	0.18%
AMT	D	0.14%	0.22%	0.14%
AMZN	C	1.65%	3.5%	1.65%
ANET	C	0.14%	0.24%	0.14%
AON	A	0.25%	0.08%	0.08%
APH	A	0.12%	0.43%	0.12%
AVB	B	0.03%	0.08%	0.03%
AVGO	D	1.54%	1.41%	1.41%
AWI	A	0.04%	0.38%	0.04%
AXP	A	0.23%	0.39%	0.23%
AXTA	A	0.02%	0.27%	0.02%
BAC	A	0.45%	0.49%	0.45%
BALL	D	0.07%	0.13%	0.07%
BEN	C	0.02%	0.07%	0.02%
BK	A	0.18%	0.37%	0.18%
BLK	C	0.18%	0.3%	0.18%
BMY	B	0.41%	0.18%	0.18%
BR	A	0.17%	0.29%	0.17%
BRK.A	B	2.44%	1.84%	1.84%
BRKR	D	0.02%	0.13%	0.02%
BSX	B	0.21%	0.28%	0.21%
BX	A	0.13%	0.25%	0.13%
C	A	0.7%	0.38%	0.38%
CACC	D	0.01%	0.23%	0.01%
CAH	B	0.27%	0.1%	0.1%
CARR	D	0.05%	0.15%	0.05%
CAT	B	0.2%	0.29%	0.2%
CB	C	0.16%	0.06%	0.06%
CBRE	B	0.05%	0.07%	0.05%
CCI	D	0.07%	0.08%	0.07%
CCL	B	0.02%	0.16%	0.02%
CEG	D	0.11%	0.11%	0.11%
CI	F	0.13%	0.05%	0.05%
CL	D	0.36%	0.1%	0.1%
CMCSA	B	0.16%	0.27%	0.16%
CMG	B	0.2%	0.12%	0.12%
CMI	A	0.14%	0.11%	0.11%
CNC	D	0.04%	0.03%	0.03%
COF	B	0.29%	0.3%	0.29%
COIN	C	0.11%	0.15%	0.11%
COP	C	0.07%	0.24%	0.07%
COR	B	0.17%	0.08%	0.08%
COST	B	1.36%	0.81%	0.81%
CPRT	A	0.08%	0.11%	0.08%
CRBG	B	0.04%	0.07%	0.04%
CSCO	B	0.68%	0.38%	0.38%
CTAS	B	0.19%	0.31%	0.19%
CTVA	C	0.04%	0.06%	0.04%
CVS	D	0.67%	0.05%	0.05%
CVX	A	0.39%	0.31%	0.31%
DASH	A	0.11%	0.2%	0.11%
DD	D	0.1%	0.1%	0.1%
DECK	A	0.17%	0.31%	0.17%
DELL	C	0.03%	0.05%	0.03%
DGX	A	0.09%	0.13%	0.09%
DHI	D	0.06%	0.22%	0.06%
DHR	F	0.24%	0.39%	0.24%
DLR	B	0.09%	0.08%	0.08%
DLTR	F	0.02%	0.02%	0.02%
DOV	A	0.04%	0.14%	0.04%
DRI	B	0.03%	0.08%	0.03%
DTE	C	0.02%	0.02%	0.02%
DUK	C	0.13%	0.4%	0.13%
ECL	D	0.08%	0.12%	0.08%
ED	D	0.06%	0.15%	0.06%
EFX	F	0.1%	0.09%	0.09%
ELV	F	0.15%	0.04%	0.04%
EMR	A	0.09%	0.13%	0.09%
EQR	B	0.04%	0.3%	0.04%
ESI	A	0.01%	0.19%	0.01%
ESS	B	0.04%	0.15%	0.04%
ETR	B	0.05%	0.3%	0.05%
EVRG	A	0.02%	0.16%	0.02%
EXR	D	0.11%	0.07%	0.07%
FI	A	0.19%	0.33%	0.19%
FNF	B	0.03%	0.13%	0.03%
FOXA	B	0.11%	0.13%	0.11%
FR	C	0.01%	0.18%	0.01%
GD	F	0.23%	0.06%	0.06%
GDDY	A	0.12%	0.16%	0.12%
GE	D	0.56%	0.47%	0.47%
GEN	B	0.1%	0.05%	0.05%
GILD	C	0.84%	0.16%	0.16%
GIS	D	0.17%	0.01%	0.01%
GM	B	0.38%	0.22%	0.22%
GS	A	0.4%	0.32%	0.32%
GWW	B	0.22%	0.27%	0.22%
HCA	F	0.24%	0.31%	0.24%
HD	A	0.62%	0.59%	0.59%
HIG	B	0.06%	0.12%	0.06%
HOLX	D	0.03%	0.12%	0.03%
HST	C	0.02%	0.0%	0.0%
HUBB	B	0.03%	0.04%	0.03%
HWM	A	0.18%	0.16%	0.16%
IBKR	A	0.06%	0.05%	0.05%
IBM	C	1.09%	0.42%	0.42%
ICE	C	0.29%	0.15%	0.15%
IP	B	0.09%	0.16%	0.09%
IR	B	0.09%	0.05%	0.05%
IRM	D	0.12%	0.16%	0.12%
ISRG	A	0.29%	0.43%	0.29%
JKHY	D	0.1%	0.23%	0.1%
JNJ	D	1.2%	0.89%	0.89%
JPM	A	0.99%	1.5%	0.99%
KHC	F	0.14%	0.07%	0.07%
KKR	A	0.15%	0.21%	0.15%
KLAC	D	0.22%	0.19%	0.19%
KMB	D	0.17%	0.13%	0.13%
KO	D	1.01%	0.42%	0.42%
KR	B	0.37%	0.09%	0.09%
L	A	0.06%	0.25%	0.06%
LANC	C	0.03%	0.27%	0.03%
LEN	D	0.06%	0.2%	0.06%
LEN	D	0.06%	0.15%	0.06%
LLY	F	2.3%	1.16%	1.16%
LMT	D	0.75%	0.15%	0.15%
LOW	D	0.35%	0.35%	0.35%
LRCX	F	0.16%	0.2%	0.16%
LW	C	0.03%	0.25%	0.03%
MA	C	0.28%	0.59%	0.28%
MAS	D	0.06%	0.24%	0.06%
MCD	D	0.52%	0.23%	0.23%
MCK	B	0.64%	0.11%	0.11%
MDLZ	F	0.22%	0.28%	0.22%
META	D	2.32%	2.28%	2.28%
MNST	C	0.07%	0.04%	0.04%
MO	A	0.74%	0.47%	0.47%
MPC	D	0.35%	0.13%	0.13%
MPWR	F	0.06%	0.06%	0.06%
MRK	F	0.83%	0.35%	0.35%
MS	A	0.22%	0.23%	0.22%
MTN	C	0.05%	0.14%	0.05%
MU	D	0.16%	0.16%	0.16%
MUSA	A	0.16%	0.37%	0.16%
NDAQ	A	0.05%	0.06%	0.05%
NEE	D	0.23%	0.2%	0.2%
NEM	D	0.17%	0.07%	0.07%
NEU	C	0.02%	0.23%	0.02%
NFLX	A	0.55%	0.74%	0.55%
NI	A	0.02%	0.18%	0.02%
NOW	A	0.35%	0.47%	0.35%
NTAP	C	0.1%	0.05%	0.05%
NUE	C	0.08%	0.04%	0.04%
NVDA	C	1.9%	5.97%	1.9%
ORCL	B	1.56%	0.42%	0.42%
PANW	C	0.25%	0.17%	0.17%
PEG	A	0.06%	0.14%	0.06%
PEP	F	0.71%	0.32%	0.32%
PFE	D	0.55%	0.25%	0.25%
PFG	D	0.01%	0.04%	0.01%
PG	A	1.04%	0.99%	0.99%
PGR	A	0.59%	0.26%	0.26%
PH	A	0.14%	0.33%	0.14%
PHM	D	0.1%	0.29%	0.1%
PKG	A	0.1%	0.07%	0.07%
PLTR	B	0.24%	0.11%	0.11%
PM	B	0.89%	0.25%	0.25%
POST	C	0.05%	0.27%	0.05%
PPL	B	0.04%	0.19%	0.04%
PSX	C	0.23%	0.05%	0.05%
PWR	A	0.12%	0.11%	0.11%
PYPL	B	0.12%	0.15%	0.12%
QCOM	F	0.73%	0.48%	0.48%
RCL	A	0.11%	0.08%	0.08%
REGN	F	0.35%	0.18%	0.18%
RKT	F	0.01%	0.02%	0.01%
ROP	B	0.06%	0.17%	0.06%
RSG	A	0.13%	0.05%	0.05%
RTX	C	0.22%	0.21%	0.21%
SHW	A	0.21%	0.27%	0.21%
SLB	C	0.01%	0.05%	0.01%
SMCI	F	0.08%	0.02%	0.02%
SO	D	0.13%	0.22%	0.13%
SPG	B	0.17%	0.46%	0.17%
SPGI	C	0.29%	0.26%	0.26%
SQ	B	0.07%	0.06%	0.06%
STLD	B	0.04%	0.11%	0.04%
SYF	B	0.31%	0.11%	0.11%
T	A	0.75%	0.43%	0.43%
TGT	F	0.59%	0.16%	0.16%
THG	A	0.05%	0.25%	0.05%
TJX	A	0.38%	0.32%	0.32%
TMO	F	0.27%	0.29%	0.27%
TMUS	B	0.43%	0.41%	0.41%
TTC	D	0.06%	0.19%	0.06%
TW	A	0.06%	0.07%	0.06%
TXN	C	0.28%	0.29%	0.28%
UAL	A	0.02%	0.03%	0.02%
UBER	D	0.2%	0.29%	0.2%
UNF	B	0.03%	0.14%	0.03%
UNH	C	0.81%	1.04%	0.81%
UNP	C	0.5%	0.38%	0.38%
UPS	C	0.24%	0.1%	0.1%
URI	B	0.09%	0.26%	0.09%
V	A	0.31%	0.64%	0.31%
VLO	C	0.16%	0.06%	0.06%
VLTO	D	0.04%	0.03%	0.03%
VRTX	F	0.21%	0.21%	0.21%
VZ	C	1.03%	0.38%	0.38%
WAB	B	0.05%	0.18%	0.05%
WAT	B	0.05%	0.26%	0.05%
WELL	A	0.12%	0.13%	0.12%
WFC	A	0.99%	0.62%	0.62%
WMT	A	1.77%	0.93%	0.93%
WPC	D	0.03%	0.02%	0.02%
WTM	A	0.04%	0.37%	0.04%
XOM	B	0.43%	0.99%	0.43%
ZBRA	B	0.04%	0.26%	0.04%
ZTS	D	0.05%	0.09%	0.05%

MFUS Overweight 595 Positions Relative to APUE

Symbol	Grade	Weight
MMM	D	0.58%
BKNG	A	0.42%
EBAY	D	0.36%
NOC	D	0.35%
MET	A	0.32%
CHTR	C	0.3%
HPQ	B	0.29%
AZO	C	0.28%
WM	A	0.27%
LHX	C	0.26%
THC	D	0.26%
VST	B	0.26%
FICO	B	0.25%
SFM	A	0.25%
ANF	C	0.24%
WSM	B	0.24%
PRU	A	0.23%
LII	A	0.22%
MSI	B	0.2%
ORLY	B	0.2%
MMC	B	0.2%
GLW	B	0.2%
BBY	D	0.2%
TRV	B	0.2%
EA	A	0.19%
INTC	D	0.19%
TSN	B	0.18%
WSO	A	0.18%
AMP	A	0.18%
UTHR	C	0.18%
RMD	C	0.17%
CASY	A	0.17%
DVA	B	0.17%
AJG	B	0.16%
VRSK	A	0.16%
TDG	D	0.15%
VTRS	A	0.15%
K	A	0.15%
LYB	F	0.15%
F	C	0.15%
CHRW	C	0.14%
BAH	F	0.14%
CME	A	0.14%
MCO	B	0.14%
IT	C	0.14%
CLX	B	0.13%
APP	B	0.13%
FAST	B	0.13%
DPZ	C	0.13%
EVR	B	0.13%
RPM	A	0.13%
YUM	B	0.13%
PNC	B	0.12%
BRO	B	0.12%
SYY	B	0.12%
JNPR	F	0.12%
XYL	D	0.11%
CW	B	0.11%
EXPD	D	0.11%
WTW	B	0.11%
WMB	A	0.11%
ALSN	B	0.11%
LDOS	C	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
TSCO	D	0.11%
WBA	F	0.11%
KMI	A	0.11%
BDX	F	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%
ITW	B	0.1%
OKE	A	0.1%
DFS	B	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	A	0.09%
AIZ	A	0.09%
MLI	C	0.09%
TROW	B	0.09%
EHC	B	0.09%
ARES	A	0.09%
NVR	D	0.09%
ADSK	A	0.09%
TMHC	B	0.09%
GPI	A	0.09%
AVY	D	0.09%
CALM	A	0.09%
SBUX	A	0.09%
PSA	D	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%
MTD	D	0.08%
AOS	F	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	D	0.08%
BKR	B	0.08%
TYL	B	0.08%
GPK	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
SRE	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%
INGR	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
BCC	B	0.07%
EXC	C	0.07%
LPLA	A	0.07%
SCI	B	0.07%
NSC	B	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
MLM	B	0.07%
POOL	C	0.07%
AEO	F	0.07%
CHD	B	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
THO	B	0.07%
FTNT	C	0.07%
D	C	0.07%
HRB	D	0.07%
FIS	C	0.07%
GEHC	F	0.07%
CNX	A	0.07%
OTIS	C	0.07%
SEE	C	0.06%
NKE	D	0.06%
JLL	D	0.06%
O	D	0.06%
LECO	B	0.06%
GNRC	B	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
MKC	D	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%
MTH	D	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	C	0.06%
AMG	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%
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%
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%
SCHW	B	0.05%
LAMR	D	0.05%
AR	B	0.05%
KD	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
EIX	B	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%
STZ	D	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%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
INVH	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%
CFG	B	0.04%
MTB	A	0.04%
FLO	D	0.04%
BLDR	D	0.04%
CAG	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%
VTR	C	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	D	0.04%
PTC	A	0.04%
NBIX	C	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
CPB	D	0.04%
BAX	D	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%
FITB	A	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
FTI	A	0.04%
PPG	F	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%
WRB	A	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%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	B	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%
AVTR	F	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%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	A	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	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%
CMS	C	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%
FE	C	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
HBAN	A	0.03%
TPX	B	0.03%
CPAY	A	0.03%
SM	B	0.03%
MANH	D	0.03%
ES	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%
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%
SSNC	B	0.02%
SF	B	0.02%
GT	C	0.02%
BHE	B	0.02%
KIM	A	0.02%
CSL	C	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
WBS	A	0.02%
RF	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%
DOW	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	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%
HRL	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%
MAA	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%
LNT	A	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%
CINF	A	0.02%
PAG	B	0.02%
HII	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
CE	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%
AKAM	D	0.02%
MSA	D	0.02%
ORA	B	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%
RVTY	F	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	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%
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%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SCS	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 72 Positions Relative to APUE

Symbol	Grade	Weight
MSFT	F	-5.41%
DFAS	A	-4.83%
GOOGL	C	-1.98%
TSLA	B	-1.68%
GOOG	C	-1.63%
CRM	B	-0.62%
INTU	C	-0.49%
AMD	F	-0.45%
DIS	B	-0.44%
AER	B	-0.42%
ETN	A	-0.39%
SYK	C	-0.38%
CHDN	B	-0.38%
MDT	D	-0.33%
LIN	D	-0.33%
ENTG	D	-0.31%
PCAR	B	-0.31%
HON	B	-0.3%
ADI	D	-0.29%
SNA	A	-0.27%
VICI	C	-0.25%
ABT	B	-0.25%
CWST	A	-0.22%
QLYS	C	-0.22%
PLD	D	-0.18%
FDX	B	-0.18%
TT	A	-0.17%
CBOE	B	-0.17%
FCX	D	-0.16%
REYN	D	-0.15%
GRMN	B	-0.15%
TXT	D	-0.15%
TREX	C	-0.15%
DE	A	-0.15%
WY	D	-0.14%
FOX	A	-0.14%
GEV	B	-0.14%
ZBH	C	-0.13%
CRWD	B	-0.13%
PCG	A	-0.12%
ABNB	C	-0.11%
EOG	A	-0.11%
SNPS	B	-0.1%
AEE	A	-0.1%
SWKS	F	-0.1%
CNNE	B	-0.09%
APD	A	-0.09%
STT	A	-0.09%
CABO	C	-0.09%
ROK	B	-0.08%
KVUE	A	-0.07%
LNG	B	-0.07%
MKL	A	-0.07%
ARE	D	-0.07%
CTSH	B	-0.07%
DVN	F	-0.06%
ROST	C	-0.06%
BA	F	-0.06%
APO	B	-0.06%
RBLX	C	-0.06%
ACGL	D	-0.06%
CSGP	D	-0.06%
DAL	C	-0.05%
CVNA	B	-0.05%
GPN	B	-0.05%
EW	C	-0.05%
NWS	B	-0.05%
FSLR	F	-0.04%
EG	C	-0.04%
CTRA	B	-0.04%
J	F	-0.04%
MSTR	C	-0.03%