MFUS vs. DFLV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Dimensional US Large Cap Value ETF (DFLV)

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

$52.38

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

DFLV

Dimensional US Large Cap Value ETF

DFLV Description

To achieve the U.S. Large Cap Value ETF"s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of large cap U.S. companies.

Grade (RS Rating)

Last Trade

$32.69

Average Daily Volume

326,007

Number of Holdings ^*

330

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	DFLV
30 Days	2.73%	4.48%
60 Days	3.41%	5.88%
90 Days	5.38%	7.25%
12 Months	32.49%	30.40%

233 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in DFLV	Overlap
ACI	C	0.01%	0.07%	0.01%
ACM	A	0.04%	0.0%	0.0%
ADM	D	0.23%	0.09%	0.09%
AFL	B	0.22%	0.27%	0.22%
AIG	B	0.34%	0.54%	0.34%
AKAM	D	0.02%	0.14%	0.02%
ALGN	D	0.01%	0.0%	0.0%
ALL	A	0.26%	0.16%	0.16%
ALLY	C	0.05%	0.04%	0.04%
AR	B	0.05%	0.01%	0.01%
ARMK	B	0.01%	0.02%	0.01%
ARW	D	0.04%	0.0%	0.0%
AVTR	F	0.03%	0.08%	0.03%
BAC	A	0.45%	1.01%	0.45%
BALL	D	0.07%	0.21%	0.07%
BAX	D	0.04%	0.05%	0.04%
BBY	D	0.2%	0.01%	0.01%
BDX	F	0.11%	0.44%	0.11%
BIIB	F	0.06%	0.14%	0.06%
BK	A	0.18%	0.71%	0.18%
BKR	B	0.08%	0.58%	0.08%
BLD	D	0.03%	0.02%	0.02%
BLDR	D	0.04%	0.28%	0.04%
BLK	C	0.18%	0.08%	0.08%
BMRN	D	0.01%	0.03%	0.01%
BMY	B	0.41%	0.41%	0.41%
BRK.A	B	2.44%	2.15%	2.15%
BSX	B	0.21%	0.01%	0.01%
BWA	D	0.01%	0.1%	0.01%
C	A	0.7%	0.39%	0.39%
CAG	D	0.04%	0.06%	0.04%
CARR	D	0.05%	0.29%	0.05%
CASY	A	0.17%	0.09%	0.09%
CB	C	0.16%	0.6%	0.16%
CBRE	B	0.05%	0.49%	0.05%
CCK	C	0.06%	0.02%	0.02%
CCL	B	0.02%	0.04%	0.02%
CE	F	0.02%	0.07%	0.02%
CFG	B	0.04%	0.04%	0.04%
CG	A	0.03%	0.0%	0.0%
CHD	B	0.07%	0.02%	0.02%
CHTR	C	0.3%	0.03%	0.03%
CI	F	0.13%	0.73%	0.13%
CINF	A	0.02%	0.06%	0.02%
CLH	B	0.04%	0.04%	0.04%
CMCSA	B	0.16%	1.52%	0.16%
CME	A	0.14%	0.04%	0.04%
CMI	A	0.14%	0.74%	0.14%
CNC	D	0.04%	0.27%	0.04%
COF	B	0.29%	0.47%	0.29%
COP	C	0.07%	1.25%	0.07%
CPB	D	0.04%	0.13%	0.04%
CRBG	B	0.04%	0.09%	0.04%
CSCO	B	0.68%	1.73%	0.68%
CSL	C	0.02%	0.17%	0.02%
CSX	B	0.11%	0.36%	0.11%
CTVA	C	0.04%	0.19%	0.04%
CVS	D	0.67%	0.35%	0.35%
CVX	A	0.39%	2.12%	0.39%
CW	B	0.11%	0.0%	0.0%
DD	D	0.1%	0.2%	0.1%
DFS	B	0.1%	0.66%	0.1%
DG	F	0.08%	0.03%	0.03%
DGX	A	0.09%	0.25%	0.09%
DHI	D	0.06%	0.38%	0.06%
DHR	F	0.24%	0.72%	0.24%
DINO	D	0.01%	0.03%	0.01%
DKS	C	0.08%	0.02%	0.02%
DLTR	F	0.02%	0.12%	0.02%
DOV	A	0.04%	0.35%	0.04%
DOW	F	0.02%	0.66%	0.02%
DOX	D	0.03%	0.33%	0.03%
EA	A	0.19%	0.37%	0.19%
EBAY	D	0.36%	0.47%	0.36%
ELV	F	0.15%	0.79%	0.15%
EMN	D	0.04%	0.14%	0.04%
EMR	A	0.09%	0.28%	0.09%
EWBC	A	0.02%	0.03%	0.02%
F	C	0.15%	0.53%	0.15%
FANG	D	0.05%	0.58%	0.05%
FCNCA	A	0.06%	0.19%	0.06%
FFIV	B	0.06%	0.06%	0.06%
FI	A	0.19%	0.37%	0.19%
FIS	C	0.07%	0.41%	0.07%
FITB	A	0.04%	0.4%	0.04%
FLEX	A	0.05%	0.11%	0.05%
FNF	B	0.03%	0.07%	0.03%
FOXA	B	0.11%	0.12%	0.11%
GD	F	0.23%	0.47%	0.23%
GEHC	F	0.07%	0.42%	0.07%
GGG	B	0.03%	0.01%	0.01%
GILD	C	0.84%	0.76%	0.76%
GIS	D	0.17%	0.5%	0.17%
GLW	B	0.2%	0.75%	0.2%
GM	B	0.38%	0.9%	0.38%
GNTX	C	0.05%	0.0%	0.0%
GS	A	0.4%	1.15%	0.4%
H	B	0.01%	0.01%	0.01%
HBAN	A	0.03%	0.12%	0.03%
HIG	B	0.06%	0.64%	0.06%
HII	D	0.02%	0.02%	0.02%
HOLX	D	0.03%	0.15%	0.03%
HOOD	B	0.05%	0.0%	0.0%
HPE	B	0.11%	0.34%	0.11%
HPQ	B	0.29%	0.27%	0.27%
HRL	D	0.02%	0.06%	0.02%
HSIC	B	0.03%	0.02%	0.02%
ICE	C	0.29%	0.02%	0.02%
IEX	B	0.09%	0.05%	0.05%
IFF	D	0.03%	0.09%	0.03%
INCY	C	0.01%	0.01%	0.01%
INTC	D	0.19%	0.33%	0.19%
IP	B	0.09%	0.15%	0.09%
IPG	D	0.04%	0.06%	0.04%
IR	B	0.09%	0.53%	0.09%
IVZ	B	0.03%	0.01%	0.01%
JBHT	C	0.02%	0.1%	0.02%
JBL	B	0.03%	0.04%	0.03%
JCI	C	0.07%	0.6%	0.07%
JLL	D	0.06%	0.07%	0.06%
JNJ	D	1.2%	1.13%	1.13%
JNPR	F	0.12%	0.09%	0.09%
JPM	A	0.99%	5.12%	0.99%
KDP	D	0.07%	0.31%	0.07%
KEY	B	0.03%	0.07%	0.03%
KHC	F	0.14%	0.16%	0.14%
KMI	A	0.11%	0.37%	0.11%
KNX	B	0.01%	0.01%	0.01%
KR	B	0.37%	0.66%	0.37%
L	A	0.06%	0.3%	0.06%
LDOS	C	0.11%	0.19%	0.11%
LEA	D	0.01%	0.01%	0.01%
LEN	D	0.06%	0.48%	0.06%
LEN	D	0.06%	0.0%	0.0%
LHX	C	0.26%	0.33%	0.26%
LYB	F	0.15%	0.44%	0.15%
MDLZ	F	0.22%	0.62%	0.22%
MET	A	0.32%	0.42%	0.32%
MHK	D	0.01%	0.01%	0.01%
MKC	D	0.06%	0.05%	0.05%
MLM	B	0.07%	0.52%	0.07%
MNST	C	0.07%	0.0%	0.0%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.35%	0.5%	0.35%
MRK	F	0.83%	0.02%	0.02%
MRO	B	0.03%	0.09%	0.03%
MS	A	0.22%	1.0%	0.22%
MTB	A	0.04%	0.23%	0.04%
MU	D	0.16%	0.34%	0.16%
NDAQ	A	0.05%	0.0%	0.0%
NDSN	B	0.04%	0.04%	0.04%
NEM	D	0.17%	0.3%	0.17%
NOC	D	0.35%	0.31%	0.31%
NRG	B	0.08%	0.17%	0.08%
NSC	B	0.07%	0.58%	0.07%
NTRS	A	0.03%	0.11%	0.03%
NUE	C	0.08%	0.69%	0.08%
NWSA	B	0.04%	0.07%	0.04%
OC	A	0.02%	0.31%	0.02%
OKE	A	0.1%	0.33%	0.1%
OMC	C	0.06%	0.16%	0.06%
OTIS	C	0.07%	0.19%	0.07%
PAG	B	0.02%	0.01%	0.01%
PFE	D	0.55%	0.32%	0.32%
PFG	D	0.01%	0.18%	0.01%
PH	A	0.14%	0.24%	0.14%
PHM	D	0.1%	0.5%	0.1%
PKG	A	0.1%	0.25%	0.1%
PNC	B	0.12%	0.25%	0.12%
PNR	A	0.02%	0.26%	0.02%
PPG	F	0.04%	0.35%	0.04%
PRU	A	0.23%	0.57%	0.23%
PSX	C	0.23%	0.5%	0.23%
PWR	A	0.12%	0.29%	0.12%
PYPL	B	0.12%	0.25%	0.12%
QRVO	F	0.01%	0.01%	0.01%
REGN	F	0.35%	0.42%	0.35%
RF	A	0.02%	0.5%	0.02%
RGA	A	0.06%	0.03%	0.03%
ROP	B	0.06%	0.11%	0.06%
RS	B	0.04%	0.19%	0.04%
RSG	A	0.13%	0.13%	0.13%
RTX	C	0.22%	0.76%	0.22%
RVTY	F	0.01%	0.02%	0.01%
SCHW	B	0.05%	0.04%	0.04%
SJM	D	0.04%	0.12%	0.04%
SLB	C	0.01%	0.06%	0.01%
SQ	B	0.07%	0.2%	0.07%
SSNC	B	0.02%	0.17%	0.02%
STE	F	0.07%	0.19%	0.07%
STLD	B	0.04%	0.57%	0.04%
STZ	D	0.05%	0.41%	0.05%
SYF	B	0.31%	0.22%	0.22%
T	A	0.75%	1.27%	0.75%
TAP	C	0.08%	0.03%	0.03%
TFC	A	0.09%	0.13%	0.09%
TFX	F	0.02%	0.02%	0.02%
TGT	F	0.59%	0.37%	0.37%
THC	D	0.26%	0.1%	0.1%
TMO	F	0.27%	0.72%	0.27%
TMUS	B	0.43%	0.92%	0.43%
TOL	B	0.06%	0.15%	0.06%
TPR	B	0.01%	0.0%	0.0%
TROW	B	0.09%	0.21%	0.09%
TRV	B	0.2%	0.62%	0.2%
TSN	B	0.18%	0.43%	0.18%
TTWO	A	0.08%	0.21%	0.08%
UAL	A	0.02%	0.37%	0.02%
UHAL	D	0.01%	0.08%	0.01%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.01%	0.0%	0.0%
UHAL	D	0.01%	0.08%	0.01%
UHS	D	0.06%	0.2%	0.06%
UNH	C	0.81%	1.04%	0.81%
UNM	A	0.04%	0.0%	0.0%
URI	B	0.09%	0.56%	0.09%
USB	A	0.11%	0.26%	0.11%
USFD	A	0.05%	0.2%	0.05%
UTHR	C	0.18%	0.15%	0.15%
VLO	C	0.16%	0.63%	0.16%
VTRS	A	0.15%	0.07%	0.07%
VZ	C	1.03%	1.37%	1.03%
WAB	B	0.05%	0.29%	0.05%
WBA	F	0.11%	0.01%	0.01%
WBS	A	0.02%	0.01%	0.01%
WDC	D	0.08%	0.12%	0.08%
WFC	A	0.99%	1.49%	0.99%
WMB	A	0.11%	0.3%	0.11%
WRB	A	0.03%	0.11%	0.03%
WTW	B	0.11%	0.15%	0.11%
XOM	B	0.43%	4.17%	0.43%
XYL	D	0.11%	0.14%	0.11%
ZBRA	B	0.04%	0.12%	0.04%

MFUS Overweight 585 Positions Relative to DFLV

Symbol	Grade	Weight
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	A	1.77%
AMZN	C	1.65%
ORCL	B	1.56%
AVGO	D	1.54%
COST	B	1.36%
ABBV	D	1.35%
IBM	C	1.09%
PG	A	1.04%
KO	D	1.01%
AAPL	C	0.97%
AMGN	D	0.92%
PM	B	0.89%
LMT	D	0.75%
MO	A	0.74%
QCOM	F	0.73%
PEP	F	0.71%
MCK	B	0.64%
HD	A	0.62%
PGR	A	0.59%
MMM	D	0.58%
GE	D	0.56%
NFLX	A	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BKNG	A	0.42%
TJX	A	0.38%
CL	D	0.36%
LOW	D	0.35%
NOW	A	0.35%
V	A	0.31%
ISRG	A	0.29%
SPGI	C	0.29%
MA	C	0.28%
AZO	C	0.28%
TXN	C	0.28%
CAH	B	0.27%
WM	A	0.27%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
PANW	C	0.25%
SFM	A	0.25%
PLTR	B	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
WSM	B	0.24%
ACN	C	0.24%
AXP	A	0.23%
NEE	D	0.23%
LII	A	0.22%
KLAC	D	0.22%
GWW	B	0.22%
VRTX	F	0.21%
SHW	A	0.21%
MSI	B	0.2%
ORLY	B	0.2%
MMC	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
UBER	D	0.2%
CTAS	B	0.19%
HWM	A	0.18%
WSO	A	0.18%
AMP	A	0.18%
RMD	C	0.17%
SPG	B	0.17%
DECK	A	0.17%
DVA	B	0.17%
BR	A	0.17%
KMB	D	0.17%
COR	B	0.17%
AJG	B	0.16%
MUSA	A	0.16%
LRCX	F	0.16%
VRSK	A	0.16%
TDG	D	0.15%
K	A	0.15%
KKR	A	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
ANET	C	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%
SO	D	0.13%
BX	A	0.13%
RPM	A	0.13%
YUM	B	0.13%
DUK	C	0.13%
BRO	B	0.12%
SYY	B	0.12%
WELL	A	0.12%
IRM	D	0.12%
APH	A	0.12%
GDDY	A	0.12%
RCL	A	0.11%
EXPD	D	0.11%
ALSN	B	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%
TRGP	B	0.11%
AYI	B	0.1%
HLT	A	0.1%
JXN	C	0.1%
ITW	B	0.1%
NTAP	C	0.1%
JKHY	D	0.1%
GEN	B	0.1%
EFX	F	0.1%
LSTR	D	0.09%
WCC	B	0.09%
AIZ	A	0.09%
MLI	C	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%
DLR	B	0.09%
SBUX	A	0.09%
PSA	D	0.09%
GEO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
SMCI	F	0.08%
MTD	D	0.08%
AOS	F	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%
INGR	B	0.07%
EXP	A	0.07%
BCC	B	0.07%
EXC	C	0.07%
LPLA	A	0.07%
SCI	B	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
POOL	C	0.07%
AEO	F	0.07%
R	B	0.07%
VNO	B	0.07%
THO	B	0.07%
FTNT	C	0.07%
D	C	0.07%
HRB	D	0.07%
CNX	A	0.07%
SEE	C	0.06%
NKE	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%
CPT	B	0.06%
TW	A	0.06%
MTH	D	0.06%
MAS	D	0.06%
SLM	A	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%
ALNY	D	0.06%
IBKR	A	0.06%
MSCI	C	0.06%
ROL	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%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	B	0.05%
SUI	D	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
LAMR	D	0.05%
ZTS	D	0.05%
POST	C	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	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%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ADBE	C	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
EQR	B	0.04%
AWI	A	0.04%
ESS	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
CPNG	D	0.04%
INVH	D	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%
PAYX	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
FLO	D	0.04%
FDS	B	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%
PTC	A	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
GBX	A	0.04%
WTM	A	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%
VLTO	D	0.04%
WERN	C	0.04%
DCI	B	0.04%
GATX	A	0.04%
ABM	B	0.04%
WST	C	0.04%
MAR	B	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%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
AMKR	D	0.03%
DRI	B	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%
OMF	A	0.03%
BURL	A	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	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%
RL	B	0.03%
X	C	0.03%
AVB	B	0.03%
MATX	C	0.03%
DDS	B	0.03%
GMS	B	0.03%
CMS	C	0.03%
AVA	A	0.03%
BKU	A	0.03%
MC	C	0.03%
RLI	B	0.03%
KBH	D	0.03%
FE	C	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%
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%
SF	B	0.02%
GT	C	0.02%
BRKR	D	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
BEN	C	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%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	0.02%
HST	C	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%
DTE	C	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%
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%
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%
NI	A	0.02%
VSCO	B	0.02%
ADNT	F	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%
GHC	C	0.02%
MSA	D	0.02%
ORA	B	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%
RKT	F	0.01%
JELD	F	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	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%
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%
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	A	0.01%
KALU	C	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%
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%
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%
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%
FHN	A	0.01%
FYBR	D	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	C	0.01%
VNT	B	0.01%
CR	A	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 99 Positions Relative to DFLV

Symbol	Grade	Weight
CRM	B	-1.39%
ABT	B	-0.85%
PCAR	B	-0.82%
MDT	D	-0.66%
ADI	D	-0.65%
CTSH	B	-0.64%
DE	A	-0.61%
FDX	B	-0.6%
LIN	D	-0.58%
DAL	C	-0.56%
AMD	F	-0.53%
EOG	A	-0.5%
VMC	B	-0.5%
DIS	B	-0.48%
GRMN	B	-0.47%
APD	A	-0.46%
FCX	D	-0.44%
ETN	A	-0.44%
LH	C	-0.43%
AME	A	-0.42%
RJF	A	-0.41%
TXT	D	-0.4%
KVUE	A	-0.4%
ACGL	D	-0.4%
EG	C	-0.34%
DVN	F	-0.28%
ON	D	-0.25%
HAL	C	-0.25%
SNA	A	-0.24%
ZBH	C	-0.24%
KEYS	A	-0.21%
FSLR	F	-0.2%
MRVL	B	-0.2%
CTRA	B	-0.19%
FTV	C	-0.18%
CF	B	-0.18%
STT	A	-0.17%
GPC	D	-0.15%
GPN	B	-0.15%
EW	C	-0.14%
OXY	D	-0.14%
BG	F	-0.13%
AMCR	D	-0.13%
MKL	A	-0.12%
MOH	F	-0.12%
HUM	C	-0.11%
SWKS	F	-0.11%
LUV	C	-0.11%
J	F	-0.1%
TRU	D	-0.1%
APTV	D	-0.09%
TDY	B	-0.09%
OVV	B	-0.08%
PFGC	B	-0.08%
TRMB	B	-0.07%
EQT	B	-0.07%
HES	B	-0.07%
SW	A	-0.07%
LKQ	D	-0.07%
CRL	C	-0.07%
FOX	A	-0.06%
ZM	B	-0.06%
GL	B	-0.06%
WBD	C	-0.05%
CSGP	D	-0.05%
ENTG	D	-0.04%
WLK	D	-0.04%
DAR	C	-0.04%
RNR	C	-0.04%
SWK	D	-0.04%
MRNA	F	-0.04%
EPAM	C	-0.03%
GFS	C	-0.03%
ICLR	D	-0.03%
SOLV	C	-0.02%
FBIN	D	-0.02%
NWS	B	-0.02%
OKTA	C	-0.02%
PR	B	-0.02%
Z	A	-0.02%
TWLO	A	-0.01%
IQV	D	-0.01%
AFG	A	-0.01%
CNH	C	-0.01%
SNX	C	-0.01%
SIRI	C	-0.01%
FTRE	D	-0.01%
ILMN	D	-0.01%
NVT	B	-0.01%
KMX	B	-0.01%
ZG	A	-0.0%
CNA	B	-0.0%
ST	F	-0.0%
GXO	B	-0.0%
MTDR	B	-0.0%
HAS	D	-0.0%
COTY	F	-0.0%
ALV	C	-0.0%
CZR	F	-0.0%