MFUS vs. FTLS ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to First Trust Long/Short Equity (FTLS)

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

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.65

Average Daily Volume

135,516

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	FTLS
30 Days	3.55%	2.02%
60 Days	10.60%	5.25%
90 Days	6.54%	1.15%
12 Months	36.03%	22.25%

175 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in FTLS	Overlap
AAPL	C	0.97%	7.52%	0.97%
ABM	D	0.04%	0.09%	0.04%
ACN	B	0.23%	2.07%	0.23%
AEO	C	0.09%	-0.06%	-0.06%
AFL	A	0.22%	0.71%	0.22%
AIZ	B	0.08%	0.21%	0.08%
ALL	A	0.26%	0.85%	0.26%
ALLY	F	0.05%	0.29%	0.05%
ALSN	A	0.09%	0.16%	0.09%
AMAT	C	0.59%	-0.04%	-0.04%
AMZN	C	1.6%	2.46%	1.6%
ASO	D	0.04%	0.33%	0.04%
AVGO	B	1.68%	1.09%	1.09%
AVY	D	0.1%	-0.08%	-0.08%
AYI	A	0.08%	0.24%	0.08%
BFAM	C	0.03%	0.15%	0.03%
BJ	B	0.03%	0.45%	0.03%
BK	A	0.17%	-0.35%	-0.35%
BKR	B	0.07%	-0.11%	-0.11%
BRC	C	0.01%	0.06%	0.01%
BRK.A	B	2.37%	1.12%	1.12%
BURL	C	0.03%	-0.03%	-0.03%
BWXT	A	0.09%	-0.18%	-0.18%
C	B	0.63%	2.0%	0.63%
CAG	D	0.05%	0.46%	0.05%
CALM	A	0.07%	0.13%	0.07%
CBSH	D	0.01%	0.11%	0.01%
CBT	B	0.05%	0.13%	0.05%
CCK	C	0.06%	0.31%	0.06%
CDW	D	0.04%	-0.08%	-0.08%
CL	D	0.41%	1.34%	0.41%
CLH	B	0.04%	-0.03%	-0.03%
CMCSA	B	0.16%	-0.65%	-0.65%
CME	A	0.14%	1.55%	0.14%
CMI	A	0.13%	-0.34%	-0.34%
COHR	B	0.03%	-0.02%	-0.02%
COP	D	0.07%	-0.06%	-0.06%
CROX	C	0.02%	0.64%	0.02%
CRS	B	0.1%	0.32%	0.1%
CSL	A	0.02%	0.59%	0.02%
CTAS	C	0.19%	1.03%	0.19%
CVX	B	0.36%	-0.02%	-0.02%
DBRG	D	0.04%	0.1%	0.04%
DLB	D	0.02%	-0.07%	-0.07%
DY	C	0.01%	-0.09%	-0.09%
EA	D	0.16%	-0.02%	-0.02%
EFX	D	0.13%	-0.22%	-0.22%
ESNT	A	0.01%	0.1%	0.01%
EWBC	B	0.02%	0.2%	0.02%
EXEL	B	0.04%	0.15%	0.04%
EXP	C	0.06%	0.33%	0.06%
FANG	D	0.05%	0.79%	0.05%
FAST	C	0.11%	-0.02%	-0.02%
FFIV	B	0.06%	0.36%	0.06%
FIS	A	0.07%	0.95%	0.07%
FLEX	B	0.04%	0.4%	0.04%
GATX	F	0.04%	-0.04%	-0.04%
GD	C	0.24%	-0.56%	-0.56%
GE	B	0.61%	-0.03%	-0.03%
GEHC	C	0.08%	-0.3%	-0.3%
GM	D	0.32%	0.11%	0.11%
GMS	B	0.03%	0.12%	0.03%
GWRE	A	0.02%	-0.19%	-0.19%
HAE	F	0.02%	-0.1%	-0.1%
HCA	C	0.3%	-0.08%	-0.08%
HII	F	0.03%	-0.16%	-0.16%
HPQ	B	0.29%	0.98%	0.29%
HRB	C	0.08%	0.21%	0.08%
HWM	A	0.15%	0.86%	0.15%
IDCC	A	0.01%	-0.11%	-0.11%
INTC	D	0.19%	-0.29%	-0.29%
IPG	D	0.04%	-0.18%	-0.18%
ISRG	C	0.23%	-0.3%	-0.3%
JBL	C	0.03%	0.71%	0.03%
JNJ	D	1.28%	1.99%	1.28%
JPM	C	0.88%	0.82%	0.82%
KD	D	0.04%	-0.02%	-0.02%
KMI	A	0.09%	1.01%	0.09%
KMPR	D	0.02%	0.07%	0.02%
KR	C	0.37%	-0.25%	-0.25%
LANC	F	0.04%	0.08%	0.04%
LEG	D	0.02%	0.16%	0.02%
LLY	D	2.87%	0.95%	0.95%
LMT	A	0.82%	-0.36%	-0.36%
LOPE	D	0.04%	0.08%	0.04%
LOW	C	0.34%	2.16%	0.34%
LPX	C	0.08%	0.3%	0.08%
MAS	C	0.06%	0.49%	0.06%
MATX	C	0.03%	0.13%	0.03%
MCD	A	0.55%	-0.44%	-0.44%
MDLZ	D	0.26%	-0.38%	-0.38%
META	A	2.37%	1.76%	1.76%
MLM	F	0.07%	-0.44%	-0.44%
MMM	C	0.63%	-0.32%	-0.32%
MMS	C	0.06%	0.11%	0.06%
MO	D	0.66%	1.41%	0.66%
MPC	D	0.36%	1.43%	0.36%
MSA	F	0.03%	-0.06%	-0.06%
MSI	A	0.18%	-0.4%	-0.4%
MSM	D	0.06%	0.21%	0.06%
MTG	A	0.03%	0.13%	0.03%
MU	D	0.15%	-0.18%	-0.18%
NFLX	A	0.46%	-0.13%	-0.13%
NOW	B	0.31%	-0.31%	-0.31%
NSC	C	0.07%	-0.26%	-0.26%
NSIT	B	0.07%	-0.12%	-0.12%
NTAP	D	0.1%	0.77%	0.1%
NTRS	B	0.03%	0.36%	0.03%
NVDA	B	1.64%	4.05%	1.64%
NVR	C	0.1%	0.59%	0.1%
NWSA	D	0.04%	-0.03%	-0.03%
OMC	C	0.06%	-0.28%	-0.28%
ORCL	A	1.38%	-0.76%	-0.76%
OSIS	C	0.02%	-0.03%	-0.03%
OSK	F	0.03%	-0.03%	-0.03%
PANW	B	0.22%	-0.22%	-0.22%
PAYX	B	0.04%	-0.54%	-0.54%
PEP	F	0.77%	-0.61%	-0.61%
PG	D	1.04%	-0.28%	-0.28%
PH	A	0.13%	1.51%	0.13%
PKG	B	0.07%	-0.14%	-0.14%
PLXS	A	0.03%	0.06%	0.03%
PM	D	0.83%	1.83%	0.83%
PNC	C	0.11%	-0.46%	-0.46%
PNR	C	0.02%	0.52%	0.02%
PPC	C	0.01%	0.1%	0.01%
PSMT	A	0.01%	-0.03%	-0.03%
QCOM	D	0.8%	1.98%	0.8%
R	C	0.07%	-0.08%	-0.08%
RCL	B	0.08%	-0.03%	-0.03%
RL	B	0.03%	0.63%	0.03%
RLI	A	0.03%	0.07%	0.03%
RPRX	D	0.03%	0.26%	0.03%
SAM	D	0.02%	0.18%	0.02%
SCHW	D	0.04%	1.84%	0.04%
SFM	A	0.2%	0.13%	0.13%
SIGI	D	0.01%	0.13%	0.01%
SKYW	B	0.05%	0.12%	0.05%
SLB	D	0.01%	-0.12%	-0.12%
SLGN	B	0.05%	-0.03%	-0.03%
SSB	C	0.01%	-0.07%	-0.07%
STE	D	0.08%	-0.15%	-0.15%
STZ	D	0.06%	-0.05%	-0.05%
SYF	A	0.24%	0.61%	0.24%
SYY	D	0.13%	0.87%	0.13%
TFC	D	0.08%	0.95%	0.08%
THG	A	0.04%	0.09%	0.04%
THO	C	0.07%	0.18%	0.07%
TMO	D	0.33%	-0.03%	-0.03%
TMUS	A	0.38%	2.03%	0.38%
TOL	C	0.06%	0.67%	0.06%
TRV	B	0.2%	0.98%	0.2%
TTC	F	0.07%	0.34%	0.07%
TTWO	D	0.06%	-0.28%	-0.28%
TXN	C	0.3%	-0.37%	-0.37%
TYL	D	0.08%	-0.24%	-0.24%
UHS	D	0.07%	0.22%	0.07%
UNH	B	0.79%	-0.4%	-0.4%
URI	C	0.09%	-0.2%	-0.2%
USB	C	0.1%	1.23%	0.1%
VLO	F	0.16%	1.4%	0.16%
VLTO	A	0.05%	0.53%	0.05%
VNT	F	0.01%	-0.07%	-0.07%
VRSK	D	0.17%	-0.53%	-0.53%
VRSN	C	0.04%	0.47%	0.04%
VVV	D	0.02%	-0.1%	-0.1%
WAT	B	0.05%	-0.29%	-0.29%
WGO	D	0.01%	0.11%	0.01%
WM	B	0.26%	-0.45%	-0.45%
WMB	A	0.08%	0.06%	0.06%
WMT	A	1.68%	-0.03%	-0.03%
WOLF	F	0.0%	-0.03%	-0.03%
WRB	C	0.02%	0.3%	0.02%
WST	D	0.04%	-0.06%	-0.06%
XOM	A	0.42%	-0.45%	-0.45%

MFUS Overweight 634 Positions Relative to FTLS

Symbol	Grade	Weight
ABBV	C	1.56%
COST	C	1.36%
KO	C	1.16%
IBM	A	1.14%
VZ	C	1.11%
AMGN	D	1.01%
MRK	F	1.0%
GILD	A	0.79%
TGT	C	0.77%
T	B	0.74%
WFC	B	0.73%
CVS	D	0.71%
PFE	D	0.64%
CSCO	A	0.61%
HD	A	0.6%
PGR	B	0.6%
UNP	F	0.54%
MCK	F	0.5%
REGN	D	0.49%
BAC	B	0.39%
TJX	D	0.38%
EBAY	A	0.38%
NOC	B	0.38%
BMY	A	0.36%
BKNG	B	0.36%
GS	B	0.35%
AIG	C	0.34%
MET	A	0.32%
ICE	A	0.3%
AZO	D	0.29%
THC	D	0.29%
DHR	D	0.28%
KLAC	B	0.28%
V	B	0.28%
MA	A	0.27%
SPGI	C	0.27%
CHTR	D	0.25%
UPS	D	0.25%
ADM	F	0.25%
NEE	C	0.25%
COF	A	0.24%
ANF	D	0.24%
CAH	B	0.24%
PRU	B	0.23%
RTX	A	0.23%
UBER	C	0.23%
AON	A	0.23%
BBY	C	0.23%
PSX	D	0.23%
LHX	A	0.23%
NEM	C	0.22%
LII	C	0.22%
VRTX	D	0.22%
SHW	C	0.22%
VST	A	0.21%
FICO	C	0.21%
WSM	C	0.21%
AXP	A	0.21%
BSX	A	0.2%
WSO	C	0.2%
ELV	F	0.2%
CAT	A	0.2%
GIS	C	0.2%
CMG	C	0.2%
LRCX	D	0.19%
MMC	D	0.19%
GWW	B	0.19%
GLW	C	0.19%
ORLY	A	0.19%
LYB	B	0.18%
MS	A	0.18%
KMB	D	0.18%
UTHR	C	0.18%
CB	A	0.17%
TDG	A	0.17%
RMD	C	0.17%
BLK	A	0.17%
DVA	C	0.17%
SPG	A	0.16%
BR	B	0.16%
KHC	F	0.16%
AMT	D	0.16%
TSN	D	0.16%
CI	D	0.15%
DECK	B	0.15%
F	D	0.15%
CASY	D	0.15%
K	B	0.15%
MUSA	D	0.15%
BAH	C	0.15%
AJG	C	0.14%
KKR	A	0.14%
CHRW	C	0.14%
DUK	C	0.14%
SMCI	F	0.14%
ANET	A	0.14%
IT	A	0.14%
PLTR	A	0.14%
EXR	D	0.13%
CEG	A	0.13%
DPZ	D	0.13%
RSG	D	0.13%
VTRS	D	0.13%
SO	A	0.13%
JNPR	C	0.13%
TSCO	A	0.12%
XYL	C	0.12%
MCO	D	0.12%
YUM	C	0.12%
RPM	A	0.12%
BDX	C	0.12%
AMP	A	0.12%
CLX	C	0.12%
IRM	B	0.12%
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%
PWR	A	0.11%
PYPL	A	0.11%
APH	D	0.11%
BRO	A	0.11%
WELL	C	0.11%
MPWR	B	0.1%
AOS	C	0.1%
CW	A	0.1%
MTD	C	0.1%
DG	F	0.1%
ITW	C	0.1%
WTW	C	0.1%
FOXA	B	0.1%
HPE	B	0.1%
JKHY	A	0.1%
PSA	C	0.1%
ADP	A	0.1%
GDDY	B	0.1%
DGX	D	0.09%
AEP	C	0.09%
OKE	A	0.09%
GPI	C	0.09%
DKS	D	0.09%
TRGP	A	0.09%
LSTR	F	0.09%
EHC	C	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%
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%
CCI	D	0.08%
CPRT	B	0.08%
BALL	C	0.08%
ADSK	B	0.08%
IEX	D	0.08%
TROW	D	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%
NUE	D	0.08%
KDP	C	0.08%
ECL	C	0.08%
CHD	D	0.07%
UFPI	C	0.07%
AN	D	0.07%
MTH	C	0.07%
ROL	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%
MNST	D	0.07%
GLPI	C	0.07%
WCC	D	0.07%
LEN	C	0.07%
EXC	C	0.07%
EMR	B	0.07%
NRG	A	0.07%
D	A	0.07%
POOL	D	0.07%
DHI	C	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%
HSY	D	0.06%
L	C	0.06%
COIN	F	0.06%
JLL	C	0.06%
HIG	A	0.06%
AMG	B	0.06%
FTNT	A	0.06%
ERIE	A	0.06%
TPH	C	0.06%
ED	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%
CRI	D	0.06%
CPT	C	0.06%
MKC	C	0.06%
O	C	0.06%
MSCI	B	0.06%
FCN	C	0.06%
CHE	D	0.06%
SCI	D	0.06%
ROP	D	0.06%
INGR	B	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%
HBI	B	0.05%
GNRC	B	0.05%
USFD	C	0.05%
CPB	D	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%
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%
NXST	D	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	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%
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%
KBH	D	0.04%
TDS	C	0.04%
NYT	C	0.04%
AVTR	D	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%
BDC	A	0.04%
WTM	C	0.04%
JHG	A	0.04%
ES	D	0.04%
JWN	D	0.04%
EQR	C	0.04%
CMA	C	0.04%
ADBE	F	0.04%
CTVA	A	0.04%
FDS	C	0.04%
COLD	D	0.04%
STLD	C	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
PSTG	F	0.04%
SON	D	0.04%
PTC	B	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%
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%
ULTA	D	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SMG	C	0.04%
VTR	C	0.04%
CNO	B	0.04%
AGNC	B	0.04%
CE	D	0.04%
RS	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%
DCI	B	0.04%
AR	C	0.04%
GVA	A	0.04%
CRUS	D	0.04%
SJM	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
NEU	F	0.03%
FHI	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%
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%
XPO	F	0.03%
FNF	C	0.03%
DLTR	F	0.03%
AKAM	D	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%
OI	D	0.03%
DRI	C	0.03%
APLE	B	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%
MC	B	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%
MAN	D	0.03%
TFX	C	0.03%
GBX	C	0.03%
AVA	D	0.03%
MORN	B	0.03%
HUBB	A	0.03%
MDU	C	0.03%
CMS	A	0.03%
IVZ	A	0.03%
HOLX	D	0.03%
ACM	A	0.03%
HSIC	D	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%
NWL	D	0.02%
VSCO	C	0.02%
HP	D	0.02%
VFC	A	0.02%
AES	C	0.02%
SATS	C	0.02%
LXP	D	0.02%
JBLU	B	0.02%
ODP	F	0.02%
HNI	B	0.02%
SNDR	D	0.02%
APOG	B	0.02%
VSH	F	0.02%
CCL	C	0.02%
BXP	B	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
ZBRA	B	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%
HRL	F	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%
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%
SBH	B	0.02%
GMED	B	0.02%
CTLT	A	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%
KNX	D	0.01%
NOV	F	0.01%
SCL	D	0.01%
UHAL	C	0.01%
DINO	F	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	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%
SR	D	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%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	B	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%
WTFC	B	0.01%
CADE	B	0.01%
CNM	F	0.01%
ONB	D	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%
CPRI	C	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%
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%
SCS	D	0.01%
BWA	C	0.01%
LAUR	C	0.01%
RF	B	0.01%
BMRN	F	0.01%
SCCO	B	0.0%
NOMD	D	0.0%

MFUS Underweight 213 Positions Relative to FTLS

Symbol	Grade	Weight
MSFT	D	-4.52%
FDX	F	-1.57%
GOOGL	B	-1.32%
GOOG	B	-1.11%
ILMN	B	-1.05%
LNG	A	-1.02%
PBR	B	-0.77%
INSM	D	-0.56%
CF	A	-0.55%
SWK	C	-0.52%
TWLO	B	-0.49%
NVS	D	-0.47%
OKTA	F	-0.44%
VICI	C	-0.43%
EAT	A	-0.43%
ZIM	D	-0.43%
GEN	A	-0.42%
GL	C	-0.39%
PENN	D	-0.37%
TKO	A	-0.34%
DBX	C	-0.33%
PI	A	-0.31%
JAZZ	F	-0.28%
SNA	C	-0.27%
SPYV	A	-0.26%
IWD	A	-0.26%
SCHV	A	-0.26%
CNK	D	-0.22%
STNG	B	-0.21%
KNSL	B	-0.21%
WHD	A	-0.19%
TWST	D	-0.19%
MGY	B	-0.18%
ADMA	A	-0.17%
COLB	C	-0.16%
GLBE	C	-0.16%
OPCH	F	-0.16%
ALKS	B	-0.16%
LOGI	D	-0.15%
PRI	A	-0.14%
UMBF	C	-0.14%
CRC	B	-0.14%
ORI	A	-0.14%
TXG	F	-0.13%
PNFP	B	-0.13%
PAA	B	-0.13%
AXS	A	-0.13%
NSA	D	-0.12%
CSWI	A	-0.12%
GFF	C	-0.12%
ZWS	A	-0.11%
AM	A	-0.11%
SMPL	D	-0.11%
HESM	C	-0.11%
GRBK	C	-0.11%
BFH	D	-0.11%
YOU	C	-0.11%
KRG	C	-0.11%
RDFN	C	-0.11%
LCII	C	-0.1%
VRNA	B	-0.1%
FTDR	B	-0.1%
ENLC	A	-0.1%
TCBI	B	-0.09%
PRGS	A	-0.09%
EPR	C	-0.09%
FOLD	F	-0.09%
EXTR	D	-0.09%
TBBK	A	-0.09%
GBCI	B	-0.08%
MQ	F	-0.08%
VCYT	C	-0.08%
KFY	C	-0.08%
BOH	D	-0.07%
REVG	D	-0.07%
UBSI	D	-0.07%
MYGN	D	-0.07%
BCRX	D	-0.07%
OTEX	D	-0.07%
NMIH	B	-0.07%
HAYW	C	-0.07%
AVNT	C	-0.07%
CARG	C	-0.07%
AZZ	B	-0.07%
CUBI	F	-0.07%
TRMD	D	-0.07%
ROIC	C	-0.06%
FHB	D	-0.06%
PLMR	A	-0.06%
COLL	A	-0.06%
AMPH	C	-0.06%
EBC	B	-0.06%
GSL	C	-0.06%
WFG	C	-0.06%
PBH	D	-0.06%
ICFI	C	-0.06%
ADUS	D	-0.06%
PAYO	A	-0.06%
SUPN	D	-0.05%
CDNA	B	-0.05%
AUB	D	-0.05%
VIST	C	--0.02%
PAR	D	--0.02%
VSAT	F	--0.02%
DNB	D	--0.02%
CBU	D	--0.02%
FSLR	C	--0.02%
HON	C	--0.02%
AER	C	--0.02%
NVEE	F	--0.02%
SAIA	D	--0.02%
ARM	C	--0.02%
ENS	B	--0.02%
LKFN	D	--0.02%
IBOC	D	--0.02%
APPN	C	--0.03%
LYFT	D	--0.03%
ENR	B	--0.03%
FFIN	D	--0.03%
ALB	D	--0.03%
RDY	D	--0.03%
IRTC	F	--0.03%
ICHR	D	--0.03%
SOFI	C	--0.03%
HHH	C	--0.03%
MARA	F	--0.03%
AZTA	F	--0.03%
DIOD	F	--0.03%
PRCT	D	--0.03%
AMD	C	--0.03%
CNNE	F	--0.03%
GPRE	F	--0.03%
GKOS	B	--0.03%
ASPN	C	--0.03%
COTY	F	--0.03%
ARLO	F	--0.03%
TFIN	F	--0.03%
LMND	F	--0.03%
UPST	C	--0.03%
CFLT	F	--0.03%
SDGR	F	--0.03%
BIRK	F	--0.03%
BE	F	--0.03%
RUN	D	--0.03%
UWMC	D	--0.03%
CRDO	B	--0.03%
ATEC	F	--0.03%
RXST	F	--0.03%
HLN	C	--0.03%
RIVN	F	--0.03%
FRO	B	--0.03%
ACIW	A	--0.04%
CTRA	D	--0.04%
W	C	--0.04%
AMRC	C	--0.04%
RH	C	--0.04%
ERJ	C	--0.04%
AMRK	C	--0.04%
UTZ	D	--0.04%
BVN	D	--0.04%
EQT	C	--0.04%
NEOG	F	--0.04%
TTD	A	--0.05%
ACVA	C	--0.05%
ZD	D	--0.05%
MP	C	--0.05%
MUFG	D	--0.06%
APO	A	--0.06%
VRRM	D	--0.06%
MMYT	B	--0.07%
KTOS	B	--0.07%
AVAV	B	--0.07%
SE	B	--0.07%
VAL	F	--0.07%
BA	F	--0.08%
CHK	C	--0.08%
TRMB	B	--0.08%
NXPI	F	--0.09%
MAT	B	--0.09%
CCOI	B	--0.09%
ARGX	C	--0.1%
STM	F	--0.12%
ING	D	--0.12%
GPC	D	--0.12%
HQY	B	--0.12%
KEYS	B	--0.13%
ABT	C	--0.14%
VMC	D	--0.14%
SYK	C	--0.16%
TM	D	--0.16%
ASX	D	--0.16%
INFY	B	--0.17%
GEV	A	--0.17%
GSK	F	--0.2%
PCAR	D	--0.2%
FMX	F	--0.22%
HSBC	A	--0.22%
CCEP	C	--0.24%
DEO	C	--0.27%
SNPS	F	--0.28%
SAP	C	--0.28%
UL	D	--0.35%
BABA	A	--0.35%
ZBH	F	--0.37%
HDB	D	--0.41%
DE	C	--0.52%
ASML	F	--0.52%
ETN	B	--0.55%
TSLA	C	--0.56%
LIN	C	--0.64%
CDNS	D	--0.65%
DIS	D	--0.67%
APD	C	--0.69%