MFUS vs. BFOR ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Barron's 400 (BFOR)

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

$52.28

Average Daily Volume

5,668

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

BFOR

Barron's 400

BFOR Description

The investment seeks investment results that correspond generally, before fees and expenses, to the performance of the Barron's 400 Index (the "underlying index"). The underlying index is a rules-based index intended to give investors a means of tracking the overall performance of high performing equity securities of U.S. companies. The fund will invest at least 80% of its total assets in the equity securities which comprise the index. The underlying index's stocks are constituents of the MarketGrader U.S. Coverage Universe.

Grade (RS Rating)

Last Trade

$79.45

Average Daily Volume

4,110

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	BFOR
30 Days	4.12%	10.67%
60 Days	4.16%	11.62%
90 Days	6.35%	13.25%
12 Months	33.66%	38.72%

201 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in BFOR	Overlap
AAPL	B	0.97%	0.24%	0.24%
ADBE	C	0.04%	0.22%	0.04%
ADP	B	0.11%	0.25%	0.11%
ADSK	B	0.09%	0.26%	0.09%
AFL	B	0.22%	0.23%	0.22%
AIZ	B	0.09%	0.26%	0.09%
AKAM	F	0.02%	0.2%	0.02%
ALL	B	0.26%	0.24%	0.24%
ALSN	B	0.11%	0.3%	0.11%
AMAT	F	0.5%	0.21%	0.21%
AMP	B	0.18%	0.29%	0.18%
AMZN	C	1.65%	0.25%	0.25%
ANET	C	0.14%	0.25%	0.14%
ANF	C	0.24%	0.23%	0.23%
AOS	D	0.08%	0.2%	0.08%
APH	B	0.12%	0.26%	0.12%
APOG	B	0.02%	0.28%	0.02%
APP	B	0.13%	0.64%	0.13%
ATR	B	0.08%	0.25%	0.08%
AWI	B	0.04%	0.28%	0.04%
AXP	A	0.23%	0.25%	0.23%
BKNG	B	0.42%	0.29%	0.29%
BKR	C	0.08%	0.3%	0.08%
BLDR	C	0.04%	0.21%	0.04%
BMRN	F	0.01%	0.2%	0.01%
BR	A	0.17%	0.24%	0.17%
BRC	C	0.01%	0.22%	0.01%
BRO	B	0.12%	0.24%	0.12%
BURL	B	0.03%	0.22%	0.03%
CACI	D	0.08%	0.21%	0.08%
CASY	B	0.17%	0.25%	0.17%
CAT	B	0.2%	0.25%	0.2%
CBT	C	0.05%	0.23%	0.05%
CCL	B	0.02%	0.32%	0.02%
CEG	D	0.11%	0.27%	0.11%
CHD	B	0.07%	0.24%	0.07%
CHTR	C	0.3%	0.26%	0.26%
CINF	A	0.02%	0.25%	0.02%
CL	D	0.36%	0.2%	0.2%
CME	A	0.14%	0.24%	0.14%
CMG	B	0.2%	0.23%	0.2%
CNO	A	0.05%	0.26%	0.05%
COKE	C	0.03%	0.22%	0.03%
COOP	B	0.05%	0.23%	0.05%
COR	C	0.17%	0.23%	0.17%
COST	B	1.36%	0.23%	0.23%
CPAY	A	0.03%	0.27%	0.03%
CPRT	A	0.08%	0.26%	0.08%
CROX	F	0.01%	0.17%	0.01%
CRS	B	0.11%	0.29%	0.11%
CRUS	F	0.04%	0.18%	0.04%
CSL	B	0.02%	0.23%	0.02%
CTAS	B	0.19%	0.24%	0.19%
CVLT	B	0.04%	0.26%	0.04%
CW	B	0.11%	0.27%	0.11%
DCI	A	0.04%	0.24%	0.04%
DECK	A	0.17%	0.26%	0.17%
DHI	D	0.06%	0.19%	0.06%
DKS	C	0.08%	0.21%	0.08%
DOV	A	0.04%	0.24%	0.04%
DRI	B	0.03%	0.23%	0.03%
DVA	B	0.17%	0.22%	0.17%
DY	D	0.01%	0.22%	0.01%
EA	C	0.19%	0.26%	0.19%
EBAY	C	0.36%	0.22%	0.22%
ECL	D	0.08%	0.22%	0.08%
EME	B	0.05%	0.29%	0.05%
EWBC	B	0.02%	0.3%	0.02%
EXEL	A	0.05%	0.29%	0.05%
EXP	B	0.07%	0.25%	0.07%
FANG	F	0.05%	0.24%	0.05%
FAST	B	0.13%	0.27%	0.13%
FCN	D	0.05%	0.2%	0.05%
FCNCA	B	0.06%	0.28%	0.06%
FDS	B	0.04%	0.24%	0.04%
FFIV	A	0.06%	0.26%	0.06%
FITB	B	0.04%	0.25%	0.04%
FIX	A	0.07%	0.31%	0.07%
FLEX	B	0.05%	0.3%	0.05%
FTI	A	0.04%	0.27%	0.04%
FTNT	C	0.07%	0.28%	0.07%
G	B	0.05%	0.26%	0.05%
GDDY	B	0.12%	0.29%	0.12%
GGG	B	0.03%	0.24%	0.03%
HEI	B	0.04%	0.24%	0.04%
HIG	B	0.06%	0.23%	0.06%
HNI	B	0.02%	0.24%	0.02%
HOG	F	0.02%	0.2%	0.02%
HOLX	D	0.03%	0.21%	0.03%
HRB	D	0.07%	0.2%	0.07%
HSY	F	0.05%	0.2%	0.05%
HUBB	B	0.03%	0.25%	0.03%
HWM	B	0.18%	0.28%	0.18%
IBKR	B	0.06%	0.33%	0.06%
IBM	C	1.09%	0.22%	0.22%
IDCC	A	0.01%	0.31%	0.01%
INGR	B	0.07%	0.24%	0.07%
IPG	C	0.04%	0.21%	0.04%
ISRG	C	0.29%	0.25%	0.25%
IT	C	0.14%	0.23%	0.14%
ITT	A	0.08%	0.26%	0.08%
JKHY	D	0.1%	0.22%	0.1%
JNJ	D	1.2%	0.21%	0.21%
JPM	B	0.99%	0.26%	0.26%
JWN	A	0.04%	0.23%	0.04%
KLAC	F	0.22%	0.19%	0.19%
KMB	C	0.17%	0.22%	0.17%
LAUR	B	0.02%	0.26%	0.02%
LEN	C	0.06%	0.21%	0.06%
LII	A	0.22%	0.23%	0.22%
LLY	F	2.3%	0.18%	0.18%
LNW	D	0.02%	0.19%	0.02%
LOPE	B	0.05%	0.25%	0.05%
LPX	B	0.08%	0.26%	0.08%
MA	B	0.28%	0.24%	0.24%
MANH	C	0.03%	0.23%	0.03%
MCO	A	0.14%	0.22%	0.14%
META	D	2.32%	0.24%	0.24%
MHO	C	0.04%	0.21%	0.04%
MLI	C	0.09%	0.29%	0.09%
MLM	B	0.07%	0.25%	0.07%
MMM	D	0.58%	0.22%	0.22%
MPC	F	0.35%	0.23%	0.23%
MPWR	F	0.06%	0.14%	0.06%
MRO	B	0.03%	0.25%	0.03%
MSA	C	0.02%	0.22%	0.02%
MSI	C	0.2%	0.26%	0.2%
MTB	B	0.04%	0.29%	0.04%
NBIX	C	0.04%	0.23%	0.04%
NEU	C	0.02%	0.22%	0.02%
NFLX	B	0.55%	0.29%	0.29%
NOV	C	0.01%	0.23%	0.01%
NRG	C	0.08%	0.27%	0.08%
NTAP	C	0.1%	0.24%	0.1%
NTRS	A	0.03%	0.28%	0.03%
NVDA	C	1.9%	0.29%	0.29%
NVR	D	0.09%	0.22%	0.09%
NYT	C	0.03%	0.22%	0.03%
ODFL	B	0.02%	0.26%	0.02%
OKE	C	0.1%	0.27%	0.1%
ORCL	C	1.56%	0.26%	0.26%
OSIS	A	0.02%	0.25%	0.02%
PANW	C	0.25%	0.26%	0.25%
PAYX	B	0.04%	0.24%	0.04%
PEP	F	0.71%	0.21%	0.21%
PGR	A	0.59%	0.23%	0.23%
PH	A	0.14%	0.26%	0.14%
PHM	C	0.1%	0.21%	0.1%
PLTR	B	0.24%	0.39%	0.24%
PPC	C	0.01%	0.29%	0.01%
PYPL	A	0.12%	0.27%	0.12%
QCOM	F	0.73%	0.21%	0.21%
RCL	B	0.11%	0.32%	0.11%
REGN	F	0.35%	0.15%	0.15%
RGA	A	0.06%	0.23%	0.06%
RL	B	0.03%	0.25%	0.03%
RMD	C	0.17%	0.22%	0.17%
ROL	B	0.06%	0.22%	0.06%
SCCO	F	0.0%	0.24%	0.0%
SFM	B	0.25%	0.31%	0.25%
SHOO	D	0.03%	0.21%	0.03%
SIG	B	0.04%	0.24%	0.04%
SKX	D	0.02%	0.2%	0.02%
SLVM	B	0.04%	0.26%	0.04%
SM	C	0.03%	0.26%	0.03%
SO	D	0.13%	0.22%	0.13%
SPGI	C	0.29%	0.22%	0.22%
SSNC	A	0.02%	0.22%	0.02%
SYF	A	0.31%	0.31%	0.31%
SYY	C	0.12%	0.22%	0.12%
TEX	D	0.05%	0.22%	0.05%
TGT	F	0.59%	0.18%	0.18%
THC	D	0.26%	0.21%	0.21%
TJX	A	0.38%	0.23%	0.23%
TMUS	A	0.43%	0.26%	0.26%
TOL	A	0.06%	0.23%	0.06%
TPH	C	0.06%	0.21%	0.06%
TRGP	B	0.11%	0.31%	0.11%
TRN	B	0.04%	0.26%	0.04%
TSCO	C	0.11%	0.22%	0.11%
TW	B	0.06%	0.26%	0.06%
TXRH	A	0.06%	0.27%	0.06%
UAL	B	0.02%	0.42%	0.02%
UHS	D	0.06%	0.19%	0.06%
UNM	A	0.04%	0.29%	0.04%
URI	B	0.09%	0.25%	0.09%
UTHR	C	0.18%	0.24%	0.18%
V	A	0.31%	0.24%	0.24%
VIRT	B	0.06%	0.26%	0.06%
VLTO	C	0.04%	0.22%	0.04%
VRSN	F	0.04%	0.23%	0.04%
WFC	A	0.99%	0.31%	0.31%
WMB	B	0.11%	0.3%	0.11%
WMS	F	0.02%	0.2%	0.02%
WRB	A	0.03%	0.24%	0.03%
WSM	B	0.24%	0.28%	0.24%
WWD	B	0.01%	0.24%	0.01%
XOM	C	0.43%	0.25%	0.25%
XYL	D	0.11%	0.21%	0.11%
YELP	C	0.02%	0.25%	0.02%
ZTS	D	0.05%	0.21%	0.05%

MFUS Overweight 614 Positions Relative to BFOR

Symbol	Grade	Weight
BRK.A	B	2.44%
WMT	B	1.77%
AVGO	D	1.54%
ABBV	D	1.35%
PG	A	1.04%
VZ	B	1.03%
KO	D	1.01%
AMGN	D	0.92%
PM	B	0.89%
GILD	B	0.84%
MRK	F	0.83%
UNH	B	0.81%
T	A	0.75%
LMT	D	0.75%
MO	A	0.74%
C	A	0.7%
CSCO	A	0.68%
CVS	D	0.67%
MCK	C	0.64%
HD	A	0.62%
GE	D	0.56%
PFE	D	0.55%
MCD	D	0.52%
UNP	C	0.5%
BAC	A	0.45%
BMY	B	0.41%
GS	B	0.4%
CVX	B	0.39%
GM	B	0.38%
KR	A	0.37%
LOW	C	0.35%
NOC	D	0.35%
NOW	B	0.35%
AIG	B	0.34%
MET	A	0.32%
HPQ	B	0.29%
ICE	D	0.29%
COF	B	0.29%
AZO	C	0.28%
TXN	D	0.28%
CAH	B	0.27%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
DHR	D	0.24%
HCA	F	0.24%
UPS	C	0.24%
ACN	B	0.24%
NEE	D	0.23%
ADM	F	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
GWW	A	0.22%
RTX	D	0.22%
MDLZ	F	0.22%
MS	B	0.22%
BSX	C	0.21%
VRTX	D	0.21%
SHW	A	0.21%
ORLY	B	0.2%
MMC	A	0.2%
GLW	B	0.2%
BBY	D	0.2%
TRV	B	0.2%
UBER	D	0.2%
FI	A	0.19%
INTC	C	0.19%
TSN	B	0.18%
WSO	A	0.18%
BK	A	0.18%
BLK	C	0.18%
NEM	F	0.17%
SPG	C	0.17%
GIS	D	0.17%
MU	D	0.16%
AJG	A	0.16%
CB	D	0.16%
MUSA	B	0.16%
LRCX	F	0.16%
CMCSA	C	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	B	0.15%
K	A	0.15%
LYB	F	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	B	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
CMI	A	0.14%
KHC	D	0.14%
CLX	C	0.13%
DPZ	C	0.13%
EVR	B	0.13%
BX	B	0.13%
RPM	A	0.13%
YUM	B	0.13%
CI	D	0.13%
RSG	A	0.13%
DUK	C	0.13%
PNC	A	0.12%
WELL	C	0.12%
IRM	C	0.12%
JNPR	F	0.12%
PWR	A	0.12%
EXPD	C	0.11%
WTW	B	0.11%
LDOS	D	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
DASH	A	0.11%
WBA	D	0.11%
FOXA	C	0.11%
COIN	B	0.11%
EXR	C	0.11%
KMI	B	0.11%
BDX	F	0.11%
BWXT	B	0.11%
AYI	B	0.1%
HLT	A	0.1%
JXN	B	0.1%
DD	D	0.1%
ITW	A	0.1%
DFS	B	0.1%
GEN	A	0.1%
PKG	B	0.1%
EFX	D	0.1%
LSTR	B	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	B	0.09%
EMR	A	0.09%
TROW	A	0.09%
DGX	B	0.09%
EHC	B	0.09%
ARES	B	0.09%
IR	A	0.09%
TMHC	A	0.09%
GPI	B	0.09%
AVY	D	0.09%
CALM	B	0.09%
IP	B	0.09%
DLR	A	0.09%
SBUX	B	0.09%
PSA	C	0.09%
GEO	B	0.08%
TTWO	B	0.08%
ABG	B	0.08%
SMCI	D	0.08%
MTD	F	0.08%
HCC	B	0.08%
WDC	C	0.08%
TYL	A	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	D	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
SRE	A	0.08%
SEIC	A	0.08%
TAP	C	0.08%
HLI	A	0.08%
UFPI	B	0.07%
SQ	B	0.07%
JCI	C	0.07%
BCC	B	0.07%
EXC	D	0.07%
LPLA	B	0.07%
SCI	A	0.07%
NSC	A	0.07%
COP	D	0.07%
GLPI	B	0.07%
SKYW	B	0.07%
CCI	D	0.07%
POOL	C	0.07%
AEO	F	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	B	0.07%
D	C	0.07%
FIS	D	0.07%
GEHC	F	0.07%
CNX	B	0.07%
OTIS	C	0.07%
SEE	C	0.06%
NKE	F	0.06%
JLL	B	0.06%
O	D	0.06%
LECO	C	0.06%
GNRC	B	0.06%
KTB	A	0.06%
HBI	B	0.06%
ED	D	0.06%
MKC	D	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
CPT	B	0.06%
MTH	C	0.06%
MAS	C	0.06%
SLM	B	0.06%
CCK	D	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	B	0.06%
PEG	A	0.06%
AMG	B	0.06%
L	B	0.06%
TTC	D	0.06%
ROP	B	0.06%
ALNY	D	0.06%
MSCI	C	0.06%
URBN	C	0.05%
NFG	B	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
AROC	B	0.05%
THG	C	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	F	0.05%
GNTX	C	0.05%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	C	0.05%
CBRE	B	0.05%
USFD	A	0.05%
NDAQ	A	0.05%
SLGN	A	0.05%
IDXX	F	0.05%
SCHW	A	0.05%
LAMR	C	0.05%
POST	B	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	0.05%
EIX	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	B	0.05%
WAB	B	0.05%
MMS	F	0.05%
BC	C	0.05%
BTU	C	0.05%
STZ	D	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
FL	D	0.04%
EQR	B	0.04%
ESS	B	0.04%
AMH	C	0.04%
CXW	C	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	A	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	B	0.04%
ELS	C	0.04%
SMG	C	0.04%
OLN	F	0.04%
AGNC	D	0.04%
CTVA	B	0.04%
CFG	B	0.04%
FLO	C	0.04%
CAG	D	0.04%
ARW	D	0.04%
EMN	D	0.04%
SANM	B	0.04%
OGN	F	0.04%
VTR	D	0.04%
BHF	B	0.04%
PTC	A	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
WTM	A	0.04%
CPB	D	0.04%
BAX	F	0.04%
ZBRA	A	0.04%
JHG	A	0.04%
MAC	A	0.04%
HUBG	A	0.04%
RGLD	D	0.04%
CMA	A	0.04%
ATI	D	0.04%
CNC	F	0.04%
PPG	D	0.04%
CRBG	B	0.04%
WERN	B	0.04%
STLD	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
MAR	A	0.04%
STC	A	0.03%
HAE	B	0.03%
SBAC	D	0.03%
GEF	B	0.03%
DRH	B	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%
KEY	A	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	B	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	F	0.03%
AVTR	F	0.03%
WPC	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	F	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
OMF	A	0.03%
UDR	B	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	B	0.03%
PRG	B	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	F	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
X	C	0.03%
JBL	C	0.03%
AVB	B	0.03%
MATX	C	0.03%
BLD	C	0.03%
DDS	B	0.03%
GMS	B	0.03%
CMS	C	0.03%
AVA	B	0.03%
BKU	B	0.03%
MC	B	0.03%
DOX	D	0.03%
RLI	A	0.03%
KBH	C	0.03%
FE	D	0.03%
IVZ	B	0.03%
COHR	C	0.03%
CDP	C	0.03%
HBAN	B	0.03%
TPX	A	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	A	0.03%
ULTA	F	0.03%
BJ	B	0.03%
OSK	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	D	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	B	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	F	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
AXTA	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
WBS	B	0.02%
RF	B	0.02%
BEN	C	0.02%
PHIN	B	0.02%
JBLU	F	0.02%
NSP	F	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
DOW	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	C	0.02%
HST	C	0.02%
AA	A	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	B	0.02%
M	D	0.02%
PMT	D	0.02%
HRL	D	0.02%
DTE	C	0.02%
NAVI	C	0.02%
WKC	D	0.02%
PNR	B	0.02%
REZI	B	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	C	0.02%
AGCO	D	0.02%
PFSI	C	0.02%
NWL	A	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	D	0.02%
SAM	C	0.02%
OC	B	0.02%
RLJ	C	0.02%
THS	F	0.02%
DORM	B	0.02%
NTCT	B	0.02%
XHR	A	0.02%
CTLT	B	0.02%
GWRE	B	0.02%
MDU	F	0.02%
MKTX	D	0.02%
SBH	B	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
PAG	B	0.02%
NI	A	0.02%
HII	F	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
CE	F	0.02%
MCY	B	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	F	0.02%
FAF	B	0.02%
JBHT	C	0.02%
GHC	B	0.02%
TFX	F	0.02%
ORA	B	0.02%
DLTR	D	0.02%
RYN	C	0.02%
HXL	D	0.02%
MTG	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
KNX	B	0.01%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	F	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	D	0.01%
GIII	C	0.01%
WOR	D	0.01%
ELAN	F	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	B	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	0.01%
ARMK	A	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	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%
PECO	B	0.01%
PB	B	0.01%
SIGI	B	0.01%
ARCH	B	0.01%
SPB	C	0.01%
PFG	C	0.01%
LEA	F	0.01%
WAFD	B	0.01%
AES	F	0.01%
FDP	C	0.01%
WMK	B	0.01%
DAN	F	0.01%
CNM	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
INCY	C	0.01%
BBWI	C	0.01%
TPR	A	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%
TTEK	F	0.01%
CBSH	B	0.01%
ICUI	D	0.01%
MUR	F	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	C	0.01%
FHN	B	0.01%
FYBR	D	0.01%
H	A	0.01%
WTFC	B	0.01%
PSMT	C	0.01%
AMWD	B	0.01%
VNT	C	0.01%
CR	B	0.01%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SLB	C	0.01%
SCS	B	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	B	0.01%
DEI	A	0.01%
RBC	B	0.01%
HE	C	0.01%
VSH	F	0.01%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 187 Positions Relative to BFOR

Symbol	Grade	Weight
LEU	C	-0.43%
TPL	B	-0.4%
PAY	A	-0.39%
IESC	B	-0.38%
USLM	B	-0.38%
AGX	B	-0.37%
AXON	B	-0.36%
VRT	B	-0.36%
POWL	C	-0.35%
PAYO	B	-0.34%
UPWK	B	-0.34%
STRL	B	-0.34%
CORT	B	-0.33%
AAON	B	-0.32%
APO	A	-0.32%
TILE	A	-0.31%
RJF	A	-0.31%
PEGA	A	-0.3%
CEIX	A	-0.3%
SKWD	B	-0.3%
EXPE	B	-0.3%
RMBS	C	-0.3%
CMPO	B	-0.29%
TGTX	B	-0.29%
SUM	B	-0.29%
DOCS	C	-0.29%
SNA	A	-0.29%
HLNE	A	-0.29%
AIT	B	-0.29%
PAYC	A	-0.29%
CSWI	A	-0.28%
WT	B	-0.28%
MWA	B	-0.28%
FOUR	B	-0.28%
MCB	B	-0.28%
NEWT	B	-0.28%
AX	B	-0.28%
PCTY	B	-0.28%
LRN	B	-0.28%
QLYS	C	-0.27%
FTDR	B	-0.27%
ZM	B	-0.27%
OII	B	-0.27%
BL	B	-0.27%
ARLP	B	-0.27%
CASH	B	-0.27%
ADMA	B	-0.27%
MTDR	C	-0.27%
FOX	B	-0.27%
MOD	B	-0.27%
BBW	B	-0.27%
HCKT	B	-0.27%
UTI	A	-0.27%
NOG	A	-0.27%
QCRH	B	-0.27%
USAP	B	-0.27%
ACIW	B	-0.26%
NIC	B	-0.26%
TDY	B	-0.26%
AMAL	B	-0.26%
PEBO	B	-0.26%
BFC	B	-0.26%
GOOGL	C	-0.26%
CF	B	-0.26%
EOG	C	-0.26%
ORRF	C	-0.26%
ET	B	-0.26%
DAKT	B	-0.26%
HES	C	-0.26%
IBOC	B	-0.26%
OZK	B	-0.26%
PLMR	B	-0.26%
ACMR	F	-0.26%
FULT	B	-0.26%
PODD	B	-0.26%
APD	A	-0.26%
MGY	B	-0.26%
NRP	B	-0.26%
MLR	B	-0.26%
PFBC	B	-0.26%
BY	B	-0.26%
WLDN	D	-0.25%
SRCE	B	-0.25%
DBX	C	-0.25%
HWKN	A	-0.25%
BELFB	C	-0.25%
MBWM	B	-0.25%
MPLX	B	-0.25%
LKFN	B	-0.25%
CQP	B	-0.25%
IBCP	B	-0.25%
FCF	B	-0.25%
WABC	B	-0.25%
OSBC	B	-0.25%
RBA	B	-0.25%
MCRI	A	-0.25%
TCMD	B	-0.25%
WHD	A	-0.25%
CUBI	C	-0.25%
SYK	C	-0.24%
PLAB	C	-0.24%
KNSL	B	-0.24%
CPRX	C	-0.24%
LNN	B	-0.24%
FMBH	B	-0.24%
WDAY	C	-0.24%
HCI	B	-0.24%
CHWY	C	-0.24%
FSS	B	-0.24%
TBBK	B	-0.24%
IRMD	B	-0.24%
THR	B	-0.24%
REVG	B	-0.24%
IPAR	B	-0.24%
FIZZ	B	-0.24%
WTS	B	-0.24%
EPD	B	-0.24%
CBOE	B	-0.23%
DT	C	-0.23%
CTSH	B	-0.23%
CHDN	B	-0.23%
RNR	C	-0.23%
OTTR	C	-0.23%
BMI	B	-0.23%
CWCO	C	-0.23%
FN	D	-0.23%
GL	C	-0.23%
SBR	B	-0.23%
TRIN	B	-0.23%
AMPY	C	-0.23%
FBP	B	-0.23%
ZBH	C	-0.23%
WEC	A	-0.23%
WES	B	-0.22%
YETI	C	-0.22%
ON	C	-0.22%
MSFT	D	-0.22%
VITL	F	-0.22%
DVN	F	-0.22%
EG	C	-0.22%
FDX	B	-0.22%
VEEV	B	-0.22%
CNA	B	-0.22%
ERII	D	-0.22%
HESM	B	-0.22%
STBA	B	-0.22%
XPEL	C	-0.22%
OFG	B	-0.22%
FMC	D	-0.21%
APA	F	-0.21%
HY	F	-0.21%
MEDP	F	-0.21%
ROST	C	-0.21%
AMPH	F	-0.21%
IBP	C	-0.21%
EGY	F	-0.21%
KOS	F	-0.21%
UFPT	C	-0.21%
NSSC	D	-0.21%
IMMR	C	-0.21%
MBIN	F	-0.2%
TH	C	-0.2%
GRBK	D	-0.2%
ONTO	F	-0.2%
YOU	D	-0.2%
DFIN	D	-0.2%
BOOT	D	-0.2%
PTGX	C	-0.2%
WFRD	F	-0.2%
FC	D	-0.2%
COLL	F	-0.19%
HRTG	C	-0.19%
WING	F	-0.19%
MOH	F	-0.19%
IQV	F	-0.19%
INSW	F	-0.19%
ACGL	D	-0.19%
HRMY	D	-0.19%
VAL	F	-0.19%
FSLR	F	-0.18%
BLBD	F	-0.18%
SIGA	D	-0.18%
DFH	C	-0.18%
LNTH	D	-0.18%
HALO	F	-0.17%
TDW	F	-0.16%
ASC	F	-0.16%