MFUS vs. CSM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to ProShares Large Cap Core Plus (CSM)

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

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	CSM
30 Days	2.73%	2.89%
60 Days	3.41%	4.45%
90 Days	5.38%	6.39%
12 Months	32.49%	32.21%

230 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in CSM	Overlap
A	D	0.05%	0.29%	0.05%
AAPL	C	0.97%	4.66%	0.97%
ABBV	D	1.35%	0.35%	0.35%
ACN	C	0.24%	0.05%	0.05%
ADBE	C	0.04%	0.52%	0.04%
ADSK	A	0.09%	0.17%	0.09%
AES	F	0.01%	0.19%	0.01%
AIZ	A	0.09%	0.32%	0.09%
AKAM	D	0.02%	0.19%	0.02%
ALL	A	0.26%	0.38%	0.26%
AMAT	F	0.5%	0.21%	0.21%
AMGN	D	0.92%	0.04%	0.04%
AMZN	C	1.65%	2.77%	1.65%
ANET	C	0.14%	0.31%	0.14%
AOS	F	0.08%	0.06%	0.06%
APH	A	0.12%	0.44%	0.12%
AVB	B	0.03%	0.35%	0.03%
AVGO	D	1.54%	1.22%	1.22%
BAC	A	0.45%	0.29%	0.29%
BAX	D	0.04%	0.25%	0.04%
BBY	D	0.2%	0.26%	0.2%
BDX	F	0.11%	0.37%	0.11%
BEN	C	0.02%	0.32%	0.02%
BIIB	F	0.06%	0.14%	0.06%
BK	A	0.18%	0.13%	0.13%
BKR	B	0.08%	0.39%	0.08%
BLDR	D	0.04%	0.16%	0.04%
BMY	B	0.41%	0.49%	0.41%
BRK.A	B	2.44%	0.96%	0.96%
BRO	B	0.12%	0.34%	0.12%
BWA	D	0.01%	0.15%	0.01%
BX	A	0.13%	0.18%	0.13%
CAG	D	0.04%	0.1%	0.04%
CAH	B	0.27%	0.34%	0.27%
CBRE	B	0.05%	0.35%	0.05%
CCL	B	0.02%	0.38%	0.02%
CE	F	0.02%	0.16%	0.02%
CFG	B	0.04%	0.19%	0.04%
CHD	B	0.07%	0.06%	0.06%
CI	F	0.13%	0.38%	0.13%
CLX	B	0.13%	0.06%	0.06%
CMCSA	B	0.16%	0.23%	0.16%
CME	A	0.14%	0.4%	0.14%
CMG	B	0.2%	0.04%	0.04%
CNC	D	0.04%	0.26%	0.04%
COF	B	0.29%	0.27%	0.27%
COR	B	0.17%	0.33%	0.17%
COST	B	1.36%	0.32%	0.32%
CPB	D	0.04%	0.09%	0.04%
CPT	B	0.06%	0.29%	0.06%
CSCO	B	0.68%	0.04%	0.04%
CSX	B	0.11%	0.25%	0.11%
CTVA	C	0.04%	0.1%	0.04%
CVS	D	0.67%	0.2%	0.2%
CVX	A	0.39%	0.09%	0.09%
DFS	B	0.1%	0.18%	0.1%
DG	F	0.08%	0.22%	0.08%
DHI	D	0.06%	0.23%	0.06%
DHR	F	0.24%	0.03%	0.03%
DLR	B	0.09%	0.07%	0.07%
DPZ	C	0.13%	0.05%	0.05%
DTE	C	0.02%	0.3%	0.02%
DUK	C	0.13%	0.34%	0.13%
EA	A	0.19%	0.2%	0.19%
EBAY	D	0.36%	0.07%	0.07%
EIX	B	0.05%	0.32%	0.05%
EMN	D	0.04%	0.28%	0.04%
EMR	A	0.09%	0.22%	0.09%
EQR	B	0.04%	0.33%	0.04%
ETR	B	0.05%	0.37%	0.05%
EXC	C	0.07%	0.29%	0.07%
F	C	0.15%	0.15%	0.15%
FANG	D	0.05%	0.32%	0.05%
FAST	B	0.13%	0.04%	0.04%
FDS	B	0.04%	0.04%	0.04%
FE	C	0.03%	0.1%	0.03%
FFIV	B	0.06%	0.34%	0.06%
FIS	C	0.07%	0.07%	0.07%
FITB	A	0.04%	0.15%	0.04%
FOXA	B	0.11%	0.26%	0.11%
FTNT	C	0.07%	0.33%	0.07%
GDDY	A	0.12%	0.37%	0.12%
GE	D	0.56%	0.57%	0.56%
GEHC	F	0.07%	0.2%	0.07%
GEN	B	0.1%	0.18%	0.1%
GILD	C	0.84%	0.24%	0.24%
GM	B	0.38%	0.4%	0.38%
HBAN	A	0.03%	0.28%	0.03%
HCA	F	0.24%	0.15%	0.15%
HD	A	0.62%	0.31%	0.31%
HIG	B	0.06%	0.33%	0.06%
HII	D	0.02%	0.24%	0.02%
HOLX	D	0.03%	0.11%	0.03%
HPQ	B	0.29%	0.29%	0.29%
HRL	D	0.02%	0.06%	0.02%
HST	C	0.02%	0.31%	0.02%
HWM	A	0.18%	0.39%	0.18%
IBM	C	1.09%	0.03%	0.03%
IEX	B	0.09%	0.29%	0.09%
INCY	C	0.01%	0.36%	0.01%
INTC	D	0.19%	0.25%	0.19%
INVH	D	0.04%	0.28%	0.04%
IP	B	0.09%	0.06%	0.06%
IPG	D	0.04%	0.12%	0.04%
IR	B	0.09%	0.33%	0.09%
ISRG	A	0.29%	0.09%	0.09%
IVZ	B	0.03%	0.29%	0.03%
JBL	B	0.03%	0.08%	0.03%
JKHY	D	0.1%	0.12%	0.1%
JNJ	D	1.2%	0.4%	0.4%
JPM	A	0.99%	0.69%	0.69%
KDP	D	0.07%	0.12%	0.07%
KHC	F	0.14%	0.11%	0.11%
KMB	D	0.17%	0.32%	0.17%
KMI	A	0.11%	0.12%	0.11%
KO	D	1.01%	0.12%	0.12%
KR	B	0.37%	0.36%	0.36%
L	A	0.06%	0.33%	0.06%
LDOS	C	0.11%	0.37%	0.11%
LEN	D	0.06%	0.32%	0.06%
LLY	F	2.3%	0.91%	0.91%
LMT	D	0.75%	0.2%	0.2%
LOW	D	0.35%	0.04%	0.04%
LRCX	F	0.16%	0.17%	0.16%
LYB	F	0.15%	0.27%	0.15%
MA	C	0.28%	0.38%	0.28%
MAA	B	0.02%	0.28%	0.02%
MAR	B	0.04%	0.09%	0.04%
MAS	D	0.06%	0.04%	0.04%
MCD	D	0.52%	0.03%	0.03%
MCK	B	0.64%	0.45%	0.45%
MCO	B	0.14%	0.36%	0.14%
MET	A	0.32%	0.24%	0.24%
META	D	2.32%	1.6%	1.6%
MKC	D	0.06%	0.05%	0.05%
MMC	B	0.2%	0.04%	0.04%
MRK	F	0.83%	0.62%	0.62%
MSCI	C	0.06%	0.15%	0.06%
MSI	B	0.2%	0.23%	0.2%
MTB	A	0.04%	0.34%	0.04%
MTD	D	0.08%	0.28%	0.08%
MU	D	0.16%	0.44%	0.16%
NEM	D	0.17%	0.09%	0.09%
NFLX	A	0.55%	0.46%	0.46%
NI	A	0.02%	0.21%	0.02%
NOC	D	0.35%	0.38%	0.35%
NOW	A	0.35%	0.14%	0.14%
NRG	B	0.08%	0.33%	0.08%
NTRS	A	0.03%	0.29%	0.03%
NUE	C	0.08%	0.08%	0.08%
NVDA	C	1.9%	4.99%	1.9%
NWSA	B	0.04%	0.12%	0.04%
OKE	A	0.1%	0.18%	0.1%
OMC	C	0.06%	0.23%	0.06%
ORCL	B	1.56%	0.13%	0.13%
OTIS	C	0.07%	0.32%	0.07%
PANW	C	0.25%	0.2%	0.2%
PARA	C	0.01%	0.19%	0.01%
PAYX	C	0.04%	0.07%	0.04%
PEP	F	0.71%	0.32%	0.32%
PFE	D	0.55%	0.12%	0.12%
PFG	D	0.01%	0.11%	0.01%
PG	A	1.04%	0.4%	0.4%
PGR	A	0.59%	0.23%	0.23%
PH	A	0.14%	0.45%	0.14%
PHM	D	0.1%	0.3%	0.1%
PKG	A	0.1%	0.05%	0.05%
PM	B	0.89%	0.04%	0.04%
PNR	A	0.02%	0.33%	0.02%
PNW	B	0.01%	0.13%	0.01%
PPG	F	0.04%	0.23%	0.04%
PRU	A	0.23%	0.29%	0.23%
PSA	D	0.09%	0.14%	0.09%
PSX	C	0.23%	0.12%	0.12%
PTC	A	0.04%	0.04%	0.04%
PYPL	B	0.12%	0.25%	0.12%
QCOM	F	0.73%	0.5%	0.5%
QRVO	F	0.01%	0.19%	0.01%
RCL	A	0.11%	0.42%	0.11%
RF	A	0.02%	0.05%	0.02%
RL	B	0.03%	0.32%	0.03%
RMD	C	0.17%	0.2%	0.17%
ROL	B	0.06%	0.26%	0.06%
ROP	B	0.06%	0.12%	0.06%
RSG	A	0.13%	0.34%	0.13%
SJM	D	0.04%	0.18%	0.04%
SLB	C	0.01%	0.31%	0.01%
SMCI	F	0.08%	0.03%	0.03%
SO	D	0.13%	0.26%	0.13%
SPG	B	0.17%	0.14%	0.14%
STE	F	0.07%	0.31%	0.07%
STLD	B	0.04%	0.14%	0.04%
SYF	B	0.31%	0.39%	0.31%
SYY	B	0.12%	0.13%	0.12%
T	A	0.75%	0.2%	0.2%
TAP	C	0.08%	0.34%	0.08%
TFX	F	0.02%	0.21%	0.02%
TGT	F	0.59%	0.33%	0.33%
TJX	A	0.38%	0.48%	0.38%
TMO	F	0.27%	0.55%	0.27%
TMUS	B	0.43%	0.5%	0.43%
TPR	B	0.01%	0.16%	0.01%
TRGP	B	0.11%	0.4%	0.11%
TROW	B	0.09%	0.35%	0.09%
TRV	B	0.2%	0.11%	0.11%
TSN	B	0.18%	0.34%	0.18%
UAL	A	0.02%	0.42%	0.02%
UBER	D	0.2%	0.39%	0.2%
UHS	D	0.06%	0.29%	0.06%
UNH	C	0.81%	0.52%	0.52%
URI	B	0.09%	0.13%	0.09%
V	A	0.31%	0.43%	0.31%
VLO	C	0.16%	0.08%	0.08%
VRSN	F	0.04%	0.25%	0.04%
VRTX	F	0.21%	0.46%	0.21%
VTR	C	0.04%	0.31%	0.04%
VTRS	A	0.15%	0.29%	0.15%
VZ	C	1.03%	0.05%	0.05%
WAB	B	0.05%	0.26%	0.05%
WBA	F	0.11%	0.15%	0.11%
WDC	D	0.08%	0.22%	0.08%
WELL	A	0.12%	0.42%	0.12%
WFC	A	0.99%	0.15%	0.15%
WM	A	0.27%	0.04%	0.04%
WMT	A	1.77%	0.24%	0.24%
WRB	A	0.03%	0.08%	0.03%
WTW	B	0.11%	0.14%	0.11%
XOM	B	0.43%	0.51%	0.43%
XYL	D	0.11%	0.26%	0.11%
ZTS	D	0.05%	0.15%	0.05%

MFUS Overweight 585 Positions Relative to CSM

Symbol	Grade	Weight
MO	A	0.74%
C	A	0.7%
MMM	D	0.58%
UNP	C	0.5%
BKNG	A	0.42%
GS	A	0.4%
CL	D	0.36%
MPC	D	0.35%
REGN	F	0.35%
AIG	B	0.34%
CHTR	C	0.3%
ICE	C	0.29%
SPGI	C	0.29%
AZO	C	0.28%
TXN	C	0.28%
LHX	C	0.26%
THC	D	0.26%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
SFM	A	0.25%
PLTR	B	0.24%
ANF	C	0.24%
UPS	C	0.24%
WSM	B	0.24%
AXP	A	0.23%
NEE	D	0.23%
ADM	D	0.23%
GD	F	0.23%
LII	A	0.22%
AFL	B	0.22%
KLAC	D	0.22%
GWW	B	0.22%
RTX	C	0.22%
MDLZ	F	0.22%
MS	A	0.22%
BSX	B	0.21%
SHW	A	0.21%
ORLY	B	0.2%
GLW	B	0.2%
CAT	B	0.2%
FI	A	0.19%
CTAS	B	0.19%
WSO	A	0.18%
AMP	A	0.18%
UTHR	C	0.18%
BLK	C	0.18%
DECK	A	0.17%
CASY	A	0.17%
DVA	B	0.17%
BR	A	0.17%
GIS	D	0.17%
AJG	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
VRSK	A	0.16%
TDG	D	0.15%
K	A	0.15%
ELV	F	0.15%
KKR	A	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
CMI	A	0.14%
IT	C	0.14%
APP	B	0.13%
EVR	B	0.13%
RPM	A	0.13%
YUM	B	0.13%
PNC	B	0.12%
IRM	D	0.12%
JNPR	F	0.12%
PWR	A	0.12%
CW	B	0.11%
EXPD	D	0.11%
WMB	A	0.11%
ALSN	B	0.11%
HPE	B	0.11%
USB	A	0.11%
TSCO	D	0.11%
DASH	A	0.11%
CEG	D	0.11%
ADP	B	0.11%
COIN	C	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CRS	A	0.11%
AYI	B	0.1%
HLT	A	0.1%
JXN	C	0.1%
DD	D	0.1%
ITW	B	0.1%
NTAP	C	0.1%
EFX	F	0.1%
LSTR	D	0.09%
WCC	B	0.09%
TFC	A	0.09%
MLI	C	0.09%
DGX	A	0.09%
EHC	B	0.09%
ARES	A	0.09%
NVR	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
AVY	D	0.09%
CALM	A	0.09%
SBUX	A	0.09%
GEO	B	0.08%
TTWO	A	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
ECL	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
AEP	D	0.08%
GPK	C	0.08%
SLG	B	0.08%
EQH	B	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	B	0.08%
ITT	A	0.08%
HLI	B	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
BCC	B	0.07%
LPLA	A	0.07%
SCI	B	0.07%
NSC	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	0.07%
AEO	F	0.07%
R	B	0.07%
VNO	B	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	C	0.07%
D	C	0.07%
HRB	D	0.07%
CNX	A	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%
ED	D	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
TW	A	0.06%
MTH	D	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
TXRH	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
WU	D	0.06%
AN	C	0.06%
PEG	A	0.06%
AMG	B	0.06%
TTC	D	0.06%
FCNCA	A	0.06%
ALNY	D	0.06%
RGA	A	0.06%
IBKR	A	0.06%
TOL	B	0.06%
EME	C	0.05%
URBN	C	0.05%
CNO	A	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	A	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%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	D	0.05%
FLEX	A	0.05%
USFD	A	0.05%
NDAQ	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%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
ALLY	C	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%
AWI	A	0.04%
ESS	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	B	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	C	0.04%
ELS	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
FLO	D	0.04%
ARW	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
CVLT	B	0.04%
BHF	B	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
GBX	A	0.04%
WTM	A	0.04%
ZBRA	B	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%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
FTI	A	0.04%
CRBG	B	0.04%
VLTO	D	0.04%
WERN	C	0.04%
DCI	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
WST	C	0.04%
STC	B	0.03%
HAE	C	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%
UNF	B	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%
FNF	B	0.03%
AMKR	D	0.03%
DRI	B	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	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%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
X	C	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%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
TPX	B	0.03%
CPAY	A	0.03%
SM	B	0.03%
HUBB	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%
LANC	C	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%
BRKR	D	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
CSL	C	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
WBS	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%
NAVI	C	0.02%
WKC	D	0.02%
WMS	D	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%
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%
VSCO	B	0.02%
ADNT	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%
MSA	D	0.02%
ORA	B	0.02%
DLTR	F	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
SVC	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	D	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	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%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	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%
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%
PPC	C	0.01%
BBWI	D	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%
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%
FR	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 77 Positions Relative to CSM

Symbol	Grade	Weight
MSFT	F	-4.32%
GOOGL	C	-1.27%
GOOG	C	-1.02%
TSLA	B	-0.97%
CRM	B	-0.83%
INTU	C	-0.58%
TT	A	-0.43%
ETN	A	-0.42%
SNPS	B	-0.42%
RJF	A	-0.4%
SNA	A	-0.39%
AME	A	-0.38%
GRMN	B	-0.37%
APD	A	-0.35%
CTSH	B	-0.35%
LYV	A	-0.35%
XEL	A	-0.35%
CDNS	B	-0.35%
NCLH	B	-0.35%
VICI	C	-0.33%
PLD	D	-0.33%
CNP	B	-0.32%
PAYC	B	-0.32%
WY	D	-0.3%
ACGL	D	-0.3%
DVN	F	-0.3%
FRT	B	-0.3%
FDX	B	-0.29%
PCG	A	-0.29%
CRL	C	-0.28%
STX	D	-0.28%
CBOE	B	-0.28%
EQIX	A	-0.26%
TXT	D	-0.26%
IQV	D	-0.25%
SWK	D	-0.25%
EG	C	-0.25%
MDT	D	-0.25%
BG	F	-0.24%
HAL	C	-0.23%
KMX	B	-0.21%
GL	B	-0.21%
EL	F	-0.21%
APA	D	-0.21%
DOC	D	-0.21%
REG	B	-0.2%
APTV	D	-0.2%
SWKS	F	-0.2%
CRWD	B	-0.19%
MGM	D	-0.18%
MOH	F	-0.16%
ABNB	C	-0.16%
AMD	F	-0.15%
GPC	D	-0.14%
HES	B	-0.14%
TDY	B	-0.13%
FCX	D	-0.12%
ON	D	-0.12%
ALLE	D	-0.11%
FSLR	F	-0.1%
LKQ	D	-0.1%
DIS	B	-0.1%
DAY	B	-0.09%
LULU	C	-0.09%
LIN	D	-0.08%
DXCM	D	-0.08%
FTV	C	-0.07%
MTCH	D	-0.07%
ABT	B	-0.06%
TRMB	B	-0.05%
EPAM	C	-0.05%
CSGP	D	-0.04%
ROST	C	-0.04%
J	F	-0.04%
WYNN	D	-0.04%
FMC	D	-0.03%
ARE	D	-0.03%