MFUS vs. GLOV ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV)

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

GLOV

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

GLOV Description

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF is an exchange traded fund launched and managed by Goldman Sachs Asset Management, L.P. It invests in public equity markets of the global developed region. It invests in stocks of companies operating across diversified sectors. It invests in value, momentum and less volatile stocks of companies across diversified market capitalization. It seeks to track the performance of the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index, by using full replication technique. Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$51.25

Average Daily Volume

40,557

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GLOV
30 Days	2.73%	1.93%
60 Days	3.41%	1.59%
90 Days	5.38%	2.85%
12 Months	32.49%	24.14%

183 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in GLOV	Overlap
	AAPL	C	0.97%	3.41%	0.97%
	ABBV	D	1.35%	0.49%	0.49%
	ACN	C	0.24%	0.59%	0.24%
	ADBE	C	0.04%	0.47%	0.04%
	ADP	B	0.11%	0.09%	0.09%
	ADSK	A	0.09%	0.24%	0.09%
	AEP	D	0.08%	0.03%	0.03%
	AFL	B	0.22%	0.56%	0.22%
	AGCO	D	0.02%	0.02%	0.02%
	AIG	B	0.34%	0.11%	0.11%
	AJG	B	0.16%	0.25%	0.16%
	AKAM	D	0.02%	0.19%	0.02%
	ALL	A	0.26%	0.24%	0.24%
	AMGN	D	0.92%	0.09%	0.09%
	AMP	A	0.18%	0.21%	0.18%
	AMZN	C	1.65%	1.43%	1.43%
	AON	A	0.25%	0.14%	0.14%
	APH	A	0.12%	0.57%	0.12%
	ATO	A	0.02%	0.04%	0.02%
	AVGO	D	1.54%	0.38%	0.38%
	AXP	A	0.23%	0.11%	0.11%
	AZO	C	0.28%	0.76%	0.28%
	BAC	A	0.45%	0.29%	0.29%
	BDX	F	0.11%	0.1%	0.1%
	BIIB	F	0.06%	0.12%	0.06%
	BK	A	0.18%	0.24%	0.18%
	BMY	B	0.41%	0.37%	0.37%
	BR	A	0.17%	0.15%	0.15%
	BRK.A	B	2.44%	1.22%	1.22%
	BSX	B	0.21%	0.27%	0.21%
	C	A	0.7%	0.37%	0.37%
	CAG	D	0.04%	0.29%	0.04%
	CAH	B	0.27%	0.51%	0.27%
	CB	C	0.16%	0.22%	0.16%
	CDW	F	0.03%	0.31%	0.03%
	CHD	B	0.07%	0.23%	0.07%
	CI	F	0.13%	0.41%	0.13%
	CINF	A	0.02%	0.15%	0.02%
	CL	D	0.36%	0.81%	0.36%
	CLX	B	0.13%	0.13%	0.13%
	CMCSA	B	0.16%	0.35%	0.16%
	CME	A	0.14%	0.06%	0.06%
	CMI	A	0.14%	0.09%	0.09%
	CMS	C	0.03%	0.05%	0.03%
	COP	C	0.07%	0.07%	0.07%
	COR	B	0.17%	0.61%	0.17%
	COST	B	1.36%	0.69%	0.69%
	CPAY	A	0.03%	0.27%	0.03%
	CPB	D	0.04%	0.03%	0.03%
	CSCO	B	0.68%	0.62%	0.62%
	CSX	B	0.11%	0.04%	0.04%
	CTAS	B	0.19%	0.58%	0.19%
	CVS	D	0.67%	0.38%	0.38%
	CVX	A	0.39%	0.2%	0.2%
	DELL	C	0.03%	0.59%	0.03%
	DGX	A	0.09%	0.19%	0.09%
	DOV	A	0.04%	0.07%	0.04%
	DOW	F	0.02%	0.05%	0.02%
	DOX	D	0.03%	0.27%	0.03%
	DRI	B	0.03%	0.03%	0.03%
	DTE	C	0.02%	0.03%	0.02%
	DUK	C	0.13%	0.09%	0.09%
	EA	A	0.19%	0.22%	0.19%
	ECL	D	0.08%	0.09%	0.08%
	ED	D	0.06%	0.02%	0.02%
	EIX	B	0.05%	0.04%	0.04%
	ELV	F	0.15%	0.07%	0.07%
	ETR	B	0.05%	0.07%	0.05%
	EXPD	D	0.11%	0.11%	0.11%
	FAST	B	0.13%	0.68%	0.13%
	FE	C	0.03%	0.02%	0.02%
	FI	A	0.19%	0.12%	0.12%
	FIS	C	0.07%	0.03%	0.03%
	FNF	B	0.03%	0.13%	0.03%
	FOXA	B	0.11%	0.3%	0.11%
	GD	F	0.23%	0.31%	0.23%
	GE	D	0.56%	0.3%	0.3%
	GILD	C	0.84%	0.55%	0.55%
	GIS	D	0.17%	0.12%	0.12%
	GLW	B	0.2%	0.09%	0.09%
	GWW	B	0.22%	0.88%	0.22%
	HCA	F	0.24%	0.11%	0.11%
	HD	A	0.62%	0.77%	0.62%
	HIG	B	0.06%	0.34%	0.06%
	HLT	A	0.1%	0.12%	0.1%
	HOLX	D	0.03%	0.11%	0.03%
	HPE	B	0.11%	0.6%	0.11%
	HPQ	B	0.29%	0.26%	0.26%
	HSY	F	0.05%	0.14%	0.05%
	IBM	C	1.09%	0.97%	0.97%
	ICE	C	0.29%	0.16%	0.16%
	IRM	D	0.12%	0.09%	0.09%
	IT	C	0.14%	0.43%	0.14%
	ITW	B	0.1%	0.41%	0.1%
	JNJ	D	1.2%	0.62%	0.62%
	JPM	A	0.99%	0.73%	0.73%
	KDP	D	0.07%	0.05%	0.05%
	KHC	F	0.14%	0.15%	0.14%
	KMB	D	0.17%	0.23%	0.17%
	KMI	A	0.11%	0.2%	0.11%
	KO	D	1.01%	0.27%	0.27%
	KR	B	0.37%	0.52%	0.37%
	L	A	0.06%	0.43%	0.06%
	LDOS	C	0.11%	0.3%	0.11%
	LHX	C	0.26%	0.12%	0.12%
	LLY	F	2.3%	0.56%	0.56%
	LMT	D	0.75%	0.16%	0.16%
	LOW	D	0.35%	0.73%	0.35%
	LYB	F	0.15%	0.21%	0.15%
	MA	C	0.28%	0.82%	0.28%
	MAR	B	0.04%	0.02%	0.02%
	MAS	D	0.06%	0.5%	0.06%
	MCD	D	0.52%	0.43%	0.43%
	MCK	B	0.64%	0.64%	0.64%
	MCO	B	0.14%	0.58%	0.14%
	MDLZ	F	0.22%	0.16%	0.16%
	MET	A	0.32%	0.05%	0.05%
	META	D	2.32%	0.89%	0.89%
	MMC	B	0.2%	0.63%	0.2%
	MNST	C	0.07%	0.03%	0.03%
	MO	A	0.74%	0.14%	0.14%
	MRK	F	0.83%	0.45%	0.45%
	MSI	B	0.2%	1.03%	0.2%
	NDAQ	A	0.05%	0.04%	0.04%
	NOC	D	0.35%	0.05%	0.05%
	NTAP	C	0.1%	0.39%	0.1%
	NTRS	A	0.03%	0.06%	0.03%
	NVDA	C	1.9%	2.11%	1.9%
	O	D	0.06%	0.05%	0.05%
	OKE	A	0.1%	0.1%	0.1%
	OMC	C	0.06%	0.11%	0.06%
	ORCL	B	1.56%	0.22%	0.22%
	ORLY	B	0.2%	1.06%	0.2%
	OTIS	C	0.07%	0.13%	0.07%
	PAYX	C	0.04%	0.15%	0.04%
	PEG	A	0.06%	0.1%	0.06%
	PEP	F	0.71%	0.59%	0.59%
	PG	A	1.04%	0.54%	0.54%
	PGR	A	0.59%	0.32%	0.32%
	PKG	A	0.1%	0.14%	0.1%
	PM	B	0.89%	0.15%	0.15%
	PPG	F	0.04%	0.04%	0.04%
	PPL	B	0.04%	0.05%	0.04%
	PRU	A	0.23%	0.11%	0.11%
	PSA	D	0.09%	0.02%	0.02%
	QCOM	F	0.73%	0.19%	0.19%
	REGN	F	0.35%	0.25%	0.25%
	ROL	B	0.06%	0.36%	0.06%
	ROP	B	0.06%	0.31%	0.06%
	RPRX	D	0.03%	0.13%	0.03%
	RSG	A	0.13%	0.49%	0.13%
	RTX	C	0.22%	0.22%	0.22%
	SHW	A	0.21%	0.25%	0.21%
	SO	D	0.13%	0.13%	0.13%
	SSNC	B	0.02%	0.25%	0.02%
	SYY	B	0.12%	0.32%	0.12%
	T	A	0.75%	0.65%	0.65%
	TDG	D	0.15%	0.1%	0.1%
	TJX	A	0.38%	0.74%	0.38%
	TMO	F	0.27%	0.02%	0.02%
	TMUS	B	0.43%	0.31%	0.31%
	TRV	B	0.2%	0.19%	0.19%
	TSCO	D	0.11%	0.31%	0.11%
	TSN	B	0.18%	0.09%	0.09%
	TXN	C	0.28%	0.05%	0.05%
	UNH	C	0.81%	0.67%	0.67%
	V	A	0.31%	0.7%	0.31%
	VRSK	A	0.16%	0.14%	0.14%
	VRSN	F	0.04%	0.45%	0.04%
	VRTX	F	0.21%	0.14%	0.14%
	VTR	C	0.04%	0.02%	0.02%
	VZ	C	1.03%	0.55%	0.55%
	WAB	B	0.05%	0.18%	0.05%
	WELL	A	0.12%	0.05%	0.05%
	WFC	A	0.99%	0.13%	0.13%
	WM	A	0.27%	0.47%	0.27%
	WMB	A	0.11%	0.17%	0.11%
	WMT	A	1.77%	1.43%	1.43%
	WRB	A	0.03%	0.25%	0.03%
	WTW	B	0.11%	0.02%	0.02%
	XOM	B	0.43%	0.26%	0.26%
	YUM	B	0.13%	0.52%	0.13%
	ZTS	D	0.05%	0.13%	0.05%

MFUS Overweight 632 Positions Relative to GLOV

	Symbol	Grade	Weight
	TGT	F	0.59%
	MMM	D	0.58%
	PFE	D	0.55%
	NFLX	A	0.55%
	AMAT	F	0.5%
	UNP	C	0.5%
	BKNG	A	0.42%
	GS	A	0.4%
	GM	B	0.38%
	EBAY	D	0.36%
	MPC	D	0.35%
	NOW	A	0.35%
	SYF	B	0.31%
	CHTR	C	0.3%
	ISRG	A	0.29%
	SPGI	C	0.29%
	COF	B	0.29%
	THC	D	0.26%
	VST	B	0.26%
	FICO	B	0.25%
	PANW	C	0.25%
	SFM	A	0.25%
	DHR	F	0.24%
	PLTR	B	0.24%
	ANF	C	0.24%
	UPS	C	0.24%
	WSM	B	0.24%
	NEE	D	0.23%
	ADM	D	0.23%
	PSX	C	0.23%
	LII	A	0.22%
	KLAC	D	0.22%
	MS	A	0.22%
	BBY	D	0.2%
	CAT	B	0.2%
	CMG	B	0.2%
	UBER	D	0.2%
	INTC	D	0.19%
	HWM	A	0.18%
	WSO	A	0.18%
	UTHR	C	0.18%
	BLK	C	0.18%
	NEM	D	0.17%
	RMD	C	0.17%
	SPG	B	0.17%
	DECK	A	0.17%
	CASY	A	0.17%
	DVA	B	0.17%
	MU	D	0.16%
	MUSA	A	0.16%
	LRCX	F	0.16%
	VLO	C	0.16%
	VTRS	A	0.15%
	K	A	0.15%
	F	C	0.15%
	KKR	A	0.15%
	CHRW	C	0.14%
	BAH	F	0.14%
	AMT	D	0.14%
	ANET	C	0.14%
	PH	A	0.14%
	APP	B	0.13%
	DPZ	C	0.13%
	EVR	B	0.13%
	BX	A	0.13%
	RPM	A	0.13%
	PNC	B	0.12%
	BRO	B	0.12%
	JNPR	F	0.12%
	PYPL	B	0.12%
	GDDY	A	0.12%
	PWR	A	0.12%
	RCL	A	0.11%
	XYL	D	0.11%
	CW	B	0.11%
	ALSN	B	0.11%
	USB	A	0.11%
	DASH	A	0.11%
	WBA	F	0.11%
	CEG	D	0.11%
	COIN	C	0.11%
	EXR	D	0.11%
	BWXT	B	0.11%
	CRS	A	0.11%
	TRGP	B	0.11%
	PHM	D	0.1%
	AYI	B	0.1%
	JXN	C	0.1%
	DD	D	0.1%
	JKHY	D	0.1%
	DFS	B	0.1%
	GEN	B	0.1%
	EFX	F	0.1%
	LSTR	D	0.09%
	IEX	B	0.09%
	WCC	B	0.09%
	TFC	A	0.09%
	AIZ	A	0.09%
	EMR	A	0.09%
	MLI	C	0.09%
	TROW	B	0.09%
	EHC	B	0.09%
	ARES	A	0.09%
	IR	B	0.09%
	URI	B	0.09%
	NVR	D	0.09%
	TMHC	B	0.09%
	GPI	A	0.09%
	AVY	D	0.09%
	CALM	A	0.09%
	IP	B	0.09%
	DLR	B	0.09%
	SBUX	A	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%
	SMCI	F	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%
	NUE	C	0.08%
	SLG	B	0.08%
	EQH	B	0.08%
	DG	F	0.08%
	CPRT	A	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%
	SQ	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%
	CCI	D	0.07%
	MLM	B	0.07%
	POOL	C	0.07%
	AEO	F	0.07%
	R	B	0.07%
	VNO	B	0.07%
	STE	F	0.07%
	BALL	D	0.07%
	THO	B	0.07%
	FTNT	C	0.07%
	D	C	0.07%
	HRB	D	0.07%
	GEHC	F	0.07%
	CNX	A	0.07%
	SEE	C	0.06%
	NKE	D	0.06%
	JLL	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%
	MPWR	F	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%
	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%
	AMG	B	0.06%
	DHI	D	0.06%
	TTC	D	0.06%
	FCNCA	A	0.06%
	ALNY	D	0.06%
	RGA	A	0.06%
	FFIV	B	0.06%
	IBKR	A	0.06%
	TOL	B	0.06%
	MSCI	C	0.06%
	LEN	D	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%
	THG	A	0.05%
	TDS	B	0.05%
	PRIM	A	0.05%
	CRI	D	0.05%
	GNTX	C	0.05%
	A	D	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%
	CBRE	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%
	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%
	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%
	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%
	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%
	SMG	D	0.04%
	OLN	D	0.04%
	AGNC	D	0.04%
	CTVA	C	0.04%
	CFG	B	0.04%
	MTB	A	0.04%
	FLO	D	0.04%
	BLDR	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%
	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%
	WTM	A	0.04%
	BAX	D	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%
	FITB	A	0.04%
	CMA	A	0.04%
	ATI	D	0.04%
	MHO	D	0.04%
	CNC	D	0.04%
	FTI	A	0.04%
	CRBG	B	0.04%
	VLTO	D	0.04%
	WERN	C	0.04%
	STLD	B	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%
	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%
	AMKR	D	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%
	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%
	LW	C	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%
	AVB	B	0.03%
	MATX	C	0.03%
	BLD	D	0.03%
	DDS	B	0.03%
	GMS	B	0.03%
	AVA	A	0.03%
	GGG	B	0.03%
	BKU	A	0.03%
	MC	C	0.03%
	RLI	B	0.03%
	KBH	D	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%
	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%
	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%
	UAL	A	0.02%
	WBS	A	0.02%
	RF	A	0.02%
	BEN	C	0.02%
	PHIN	A	0.02%
	JBLU	F	0.02%
	NSP	D	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%
	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%
	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%
	PAG	B	0.02%
	NI	A	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%
	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%
	CCL	B	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%
	RKT	F	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%
	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%
	PNW	B	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%
	PFG	D	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%
	SLB	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 44 Positions Relative to GLOV

	Symbol	Grade	Weight
	MSFT	F	-2.79%
	GOOGL	C	-0.82%
	GOOG	C	-0.75%
	CTSH	B	-0.48%
	KEYS	A	-0.36%
	NVS	D	-0.36%
	CHKP	D	-0.31%
	MKL	A	-0.31%
	EG	C	-0.3%
	ACGL	D	-0.3%
	GPC	D	-0.3%
	CDNS	B	-0.29%
	PCAR	B	-0.25%
	CBOE	B	-0.22%
	TXT	D	-0.2%
	LH	C	-0.19%
	FOX	A	-0.16%
	CRM	B	-0.16%
	SNPS	B	-0.15%
	AME	A	-0.15%
	SNA	A	-0.14%
	STT	A	-0.14%
	FTV	C	-0.14%
	LIN	D	-0.13%
	WCN	A	-0.13%
	ETN	A	-0.12%
	E	F	-0.12%
	HSBH	B	-0.09%
	SYK	C	-0.09%
	LNG	B	-0.09%
	GRMN	B	-0.08%
	INTU	C	-0.08%
	OXY	D	-0.08%
	ZBH	C	-0.07%
	RJF	A	-0.06%
	TD	F	-0.06%
	ROST	C	-0.06%
	ABT	B	-0.05%
	UL	D	-0.04%
	EOG	A	-0.03%
	DE	A	-0.02%
	WEC	A	-0.02%
	CTRA	B	-0.02%
	AEE	A	-0.02%

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

GLOV: Top Represented Industries & Keywords

Industries: Business Services Utilities - Regulated Electric Drug Manufacturers - Major Insurance - Property & Casualty Software - Application Aerospace & Defense Household & Personal Products Information Technology Services Banks - Global Diversified Industrials Specialty Chemicals Specialty Retail Asset Management Beverages - Soft Drinks Communication Equipment Financial Data & Stock Exchanges Health Care Plans Insurance - Diversified Insurance Brokers Internet Content & Information

Keywords: S&P 500 Nasdaq 100 Insurance Dow Jones Component Natural Gas Computing Electricity Medicine Insurance Products Disability Electronics Pharmaceutical Products Work From Home Aerospace Banking Casualty Insurance Bank Biotechnology Cash Management Chemical