MFUS vs. GSLC ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

$51.53

Average Daily Volume

5,422

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$117.73

Average Daily Volume

217,642

Number of Holdings ^*

438

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GSLC
30 Days	1.40%	2.60%
60 Days	3.06%	5.33%
90 Days	4.64%	6.71%
12 Months	31.57%	33.10%

348 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in GSLC	Overlap
A	D	0.05%	0.05%	0.05%
AAPL	C	0.96%	6.24%	0.96%
ABBV	F	1.36%	0.48%	0.48%
ACN	B	0.25%	0.45%	0.25%
ADBE	C	0.04%	0.47%	0.04%
ADM	D	0.22%	0.19%	0.19%
ADP	A	0.11%	0.12%	0.11%
ADSK	A	0.09%	0.2%	0.09%
AEP	C	0.08%	0.04%	0.04%
AFL	B	0.21%	0.12%	0.12%
AIG	B	0.34%	0.16%	0.16%
AJG	A	0.16%	0.15%	0.15%
AKAM	D	0.02%	0.12%	0.02%
ALGN	D	0.01%	0.07%	0.01%
ALL	A	0.26%	0.11%	0.11%
ALNY	D	0.06%	0.08%	0.06%
AMAT	F	0.55%	0.32%	0.32%
AMGN	F	0.94%	0.17%	0.17%
AMP	A	0.18%	0.4%	0.18%
AMT	C	0.13%	0.02%	0.02%
AMZN	C	1.71%	3.38%	1.71%
ANET	C	0.14%	0.17%	0.14%
ANSS	B	0.05%	0.03%	0.03%
AON	A	0.24%	0.12%	0.12%
APH	A	0.12%	0.22%	0.12%
APP	B	0.11%	0.17%	0.11%
ARES	A	0.09%	0.08%	0.08%
ATO	A	0.02%	0.13%	0.02%
AVB	B	0.03%	0.1%	0.03%
AVGO	D	1.59%	1.14%	1.14%
AVTR	F	0.03%	0.07%	0.03%
AVY	F	0.09%	0.15%	0.09%
AXP	A	0.23%	0.3%	0.23%
AZO	C	0.28%	0.22%	0.22%
BAC	A	0.45%	0.41%	0.41%
BAH	F	0.15%	0.04%	0.04%
BBY	D	0.21%	0.21%	0.21%
BDX	F	0.11%	0.07%	0.07%
BIIB	F	0.07%	0.12%	0.07%
BK	A	0.18%	0.38%	0.18%
BKNG	A	0.42%	0.5%	0.42%
BLDR	D	0.04%	0.43%	0.04%
BLK	B	0.19%	0.17%	0.17%
BMY	B	0.41%	0.21%	0.21%
BR	A	0.17%	0.16%	0.16%
BRK.A	B	2.42%	1.15%	1.15%
BRO	B	0.12%	0.17%	0.12%
BSX	A	0.2%	0.24%	0.2%
BURL	B	0.03%	0.05%	0.03%
BX	A	0.13%	0.09%	0.09%
C	A	0.69%	0.28%	0.28%
CAG	F	0.04%	0.16%	0.04%
CAH	B	0.27%	0.12%	0.12%
CARR	C	0.05%	0.06%	0.05%
CAT	B	0.2%	0.23%	0.2%
CB	C	0.16%	0.21%	0.16%
CBRE	B	0.05%	0.06%	0.05%
CCL	A	0.02%	0.19%	0.02%
CDW	F	0.03%	0.1%	0.03%
CE	F	0.02%	0.08%	0.02%
CEG	C	0.11%	0.11%	0.11%
CFG	B	0.04%	0.09%	0.04%
CHD	A	0.07%	0.13%	0.07%
CHTR	C	0.3%	0.13%	0.13%
CI	D	0.13%	0.26%	0.13%
CINF	A	0.02%	0.14%	0.02%
CL	D	0.35%	0.4%	0.35%
CLX	A	0.12%	0.18%	0.12%
CMCSA	B	0.16%	0.29%	0.16%
CME	B	0.14%	0.11%	0.11%
CMG	B	0.2%	0.07%	0.07%
CMI	A	0.14%	0.09%	0.09%
CMS	C	0.03%	0.08%	0.03%
CNC	D	0.04%	0.1%	0.04%
COF	C	0.29%	0.36%	0.29%
COIN	C	0.1%	0.06%	0.06%
COP	C	0.07%	0.1%	0.07%
COR	B	0.17%	0.23%	0.17%
COST	A	1.35%	0.84%	0.84%
CPAY	A	0.03%	0.08%	0.03%
CPRT	B	0.09%	0.06%	0.06%
CSCO	B	0.68%	0.32%	0.32%
CSL	C	0.02%	0.1%	0.02%
CSX	C	0.11%	0.06%	0.06%
CTAS	B	0.19%	0.37%	0.19%
CTVA	C	0.04%	0.03%	0.03%
CVS	D	0.65%	0.18%	0.18%
CVX	A	0.39%	0.2%	0.2%
D	C	0.07%	0.03%	0.03%
DASH	B	0.11%	0.07%	0.07%
DECK	A	0.17%	0.26%	0.17%
DELL	B	0.03%	0.08%	0.03%
DFS	B	0.1%	0.27%	0.1%
DG	F	0.09%	0.1%	0.09%
DGX	A	0.09%	0.17%	0.09%
DHI	F	0.06%	0.14%	0.06%
DHR	F	0.24%	0.15%	0.15%
DLR	B	0.09%	0.04%	0.04%
DLTR	F	0.03%	0.09%	0.03%
DOV	A	0.04%	0.11%	0.04%
DOW	F	0.02%	0.07%	0.02%
DPZ	C	0.13%	0.21%	0.13%
DRI	B	0.03%	0.09%	0.03%
DTE	C	0.02%	0.04%	0.02%
DUK	C	0.13%	0.1%	0.1%
EA	A	0.18%	0.24%	0.18%
EBAY	D	0.36%	0.1%	0.1%
ECL	D	0.08%	0.09%	0.08%
ED	C	0.05%	0.06%	0.05%
EFX	F	0.11%	0.03%	0.03%
EIX	B	0.05%	0.04%	0.04%
ELV	F	0.16%	0.09%	0.09%
EME	A	0.04%	0.16%	0.04%
EQR	C	0.04%	0.08%	0.04%
ESS	B	0.04%	0.06%	0.04%
ETR	B	0.05%	0.07%	0.05%
EVRG	A	0.02%	0.07%	0.02%
EXC	C	0.07%	0.04%	0.04%
EXPD	C	0.11%	0.1%	0.1%
EXR	C	0.11%	0.03%	0.03%
F	C	0.16%	0.17%	0.16%
FANG	C	0.05%	0.02%	0.02%
FAST	B	0.13%	0.36%	0.13%
FCNCA	A	0.06%	0.1%	0.06%
FDS	B	0.04%	0.12%	0.04%
FE	C	0.03%	0.07%	0.03%
FI	A	0.19%	0.27%	0.19%
FICO	B	0.25%	0.49%	0.25%
FIS	C	0.07%	0.06%	0.06%
FITB	B	0.04%	0.05%	0.04%
FNF	B	0.03%	0.04%	0.03%
FTNT	C	0.07%	0.24%	0.07%
GD	D	0.24%	0.14%	0.14%
GDDY	A	0.12%	0.22%	0.12%
GE	D	0.56%	0.29%	0.29%
GEHC	D	0.07%	0.02%	0.02%
GEN	B	0.11%	0.12%	0.11%
GGG	B	0.03%	0.16%	0.03%
GILD	C	0.87%	0.17%	0.17%
GIS	D	0.17%	0.07%	0.07%
GLW	B	0.2%	0.08%	0.08%
GM	C	0.4%	0.03%	0.03%
GWRE	A	0.02%	0.04%	0.02%
GWW	B	0.21%	0.44%	0.21%
HBAN	A	0.03%	0.05%	0.03%
HCA	F	0.25%	0.12%	0.12%
HD	B	0.62%	0.81%	0.62%
HIG	B	0.06%	0.23%	0.06%
HLT	A	0.1%	0.19%	0.1%
HOLX	D	0.03%	0.17%	0.03%
HPE	B	0.11%	0.28%	0.11%
HPQ	B	0.28%	0.08%	0.08%
HSY	F	0.05%	0.05%	0.05%
HUBB	B	0.03%	0.08%	0.03%
HWM	A	0.17%	0.12%	0.12%
IBKR	A	0.06%	0.05%	0.05%
IBM	C	1.05%	0.38%	0.38%
ICE	C	0.29%	0.22%	0.22%
IDXX	F	0.05%	0.29%	0.05%
IEX	C	0.09%	0.15%	0.09%
IFF	D	0.03%	0.03%	0.03%
INTC	C	0.2%	0.06%	0.06%
INVH	D	0.04%	0.07%	0.04%
IP	A	0.09%	0.09%	0.09%
IR	B	0.09%	0.11%	0.09%
IRM	C	0.12%	0.13%	0.12%
ISRG	A	0.29%	0.2%	0.2%
IT	C	0.15%	0.21%	0.15%
ITW	B	0.1%	0.22%	0.1%
JBL	C	0.03%	0.13%	0.03%
JCI	B	0.07%	0.06%	0.06%
JKHY	D	0.1%	0.14%	0.1%
JNJ	C	1.18%	0.62%	0.62%
JPM	A	0.99%	1.16%	0.99%
K	A	0.15%	0.06%	0.06%
KDP	F	0.07%	0.08%	0.07%
KEY	B	0.03%	0.02%	0.02%
KHC	F	0.15%	0.09%	0.09%
KIM	A	0.02%	0.02%	0.02%
KKR	A	0.15%	0.15%	0.15%
KLAC	F	0.23%	0.16%	0.16%
KMB	C	0.16%	0.15%	0.15%
KMI	A	0.11%	0.26%	0.11%
KO	D	1.0%	0.33%	0.33%
KR	B	0.38%	0.38%	0.38%
L	A	0.06%	0.21%	0.06%
LDOS	C	0.11%	0.22%	0.11%
LEN	D	0.06%	0.28%	0.06%
LHX	C	0.26%	0.08%	0.08%
LII	A	0.21%	0.19%	0.19%
LLY	F	2.39%	1.15%	1.15%
LMT	D	0.75%	0.13%	0.13%
LNT	A	0.02%	0.09%	0.02%
LOW	C	0.35%	0.41%	0.35%
LPLA	A	0.07%	0.12%	0.07%
LRCX	F	0.17%	0.24%	0.17%
LYB	F	0.15%	0.13%	0.13%
MA	B	0.28%	0.86%	0.28%
MAA	B	0.02%	0.08%	0.02%
MANH	D	0.03%	0.28%	0.03%
MAR	A	0.04%	0.1%	0.04%
MAS	D	0.06%	0.19%	0.06%
MCD	D	0.53%	0.17%	0.17%
MCK	A	0.63%	0.19%	0.19%
MCO	B	0.15%	0.33%	0.15%
MDLZ	F	0.23%	0.09%	0.09%
MET	A	0.32%	0.09%	0.09%
META	D	2.35%	2.5%	2.35%
MLM	C	0.07%	0.03%	0.03%
MMC	B	0.2%	0.29%	0.2%
MMM	D	0.6%	0.09%	0.09%
MNST	C	0.07%	0.09%	0.07%
MO	A	0.73%	0.18%	0.18%
MPC	D	0.34%	0.19%	0.19%
MPWR	F	0.06%	0.03%	0.03%
MRK	D	0.84%	0.39%	0.39%
MRO	B	0.03%	0.09%	0.03%
MS	A	0.22%	0.25%	0.22%
MSI	B	0.2%	0.33%	0.2%
MTB	A	0.04%	0.07%	0.04%
MTD	F	0.08%	0.25%	0.08%
MU	D	0.16%	0.07%	0.07%
NDAQ	A	0.05%	0.09%	0.05%
NDSN	B	0.04%	0.12%	0.04%
NEE	C	0.22%	0.09%	0.09%
NFLX	A	0.52%	0.4%	0.4%
NI	A	0.02%	0.1%	0.02%
NKE	F	0.06%	0.19%	0.06%
NOC	D	0.35%	0.04%	0.04%
NOW	A	0.36%	0.32%	0.32%
NRG	B	0.07%	0.21%	0.07%
NTAP	C	0.1%	0.14%	0.1%
NTRS	A	0.03%	0.19%	0.03%
NUE	C	0.08%	0.15%	0.08%
NVDA	B	1.9%	6.37%	1.9%
NVR	D	0.09%	0.11%	0.09%
O	C	0.05%	0.05%	0.05%
OC	A	0.02%	0.14%	0.02%
ODFL	C	0.02%	0.02%	0.02%
OKE	A	0.1%	0.18%	0.1%
OMC	C	0.06%	0.16%	0.06%
ORCL	A	1.52%	0.28%	0.28%
ORLY	B	0.2%	0.28%	0.2%
OTIS	C	0.07%	0.17%	0.07%
PANW	B	0.25%	0.18%	0.18%
PAYX	B	0.04%	0.07%	0.04%
PEG	A	0.06%	0.11%	0.06%
PEP	F	0.74%	0.35%	0.35%
PFE	F	0.57%	0.02%	0.02%
PFG	D	0.01%	0.16%	0.01%
PG	C	1.01%	0.6%	0.6%
PGR	A	0.59%	0.21%	0.21%
PH	A	0.14%	0.14%	0.14%
PHM	D	0.1%	0.26%	0.1%
PKG	A	0.1%	0.12%	0.1%
PLTR	B	0.23%	0.03%	0.03%
PM	B	0.87%	0.31%	0.31%
PNC	B	0.12%	0.09%	0.09%
PNR	A	0.02%	0.02%	0.02%
POOL	C	0.07%	0.04%	0.04%
PPG	F	0.04%	0.12%	0.04%
PPL	A	0.04%	0.1%	0.04%
PRU	A	0.23%	0.16%	0.16%
PSA	C	0.09%	0.05%	0.05%
PSTG	D	0.04%	0.19%	0.04%
PSX	C	0.23%	0.1%	0.1%
PTC	B	0.04%	0.17%	0.04%
PWR	A	0.12%	0.09%	0.09%
PYPL	B	0.12%	0.1%	0.1%
QCOM	F	0.77%	0.35%	0.35%
RCL	A	0.1%	0.13%	0.1%
REGN	F	0.36%	0.18%	0.18%
RF	A	0.02%	0.05%	0.02%
RMD	C	0.16%	0.02%	0.02%
ROL	B	0.07%	0.13%	0.07%
ROP	B	0.06%	0.25%	0.06%
RPM	A	0.13%	0.15%	0.13%
RS	B	0.04%	0.16%	0.04%
RSG	A	0.13%	0.22%	0.13%
RTX	D	0.22%	0.2%	0.2%
RVTY	F	0.01%	0.03%	0.01%
SCHW	B	0.05%	0.03%	0.03%
SHW	B	0.22%	0.21%	0.21%
SLB	C	0.01%	0.03%	0.01%
SMCI	F	0.05%	0.01%	0.01%
SO	C	0.13%	0.08%	0.08%
SPG	A	0.16%	0.09%	0.09%
SPGI	C	0.29%	0.16%	0.16%
SRE	A	0.08%	0.05%	0.05%
SSNC	B	0.02%	0.25%	0.02%
STE	D	0.07%	0.08%	0.07%
STLD	B	0.04%	0.05%	0.04%
STZ	D	0.06%	0.09%	0.06%
SUI	C	0.05%	0.08%	0.05%
SYF	B	0.31%	0.41%	0.31%
SYY	D	0.12%	0.24%	0.12%
T	A	0.73%	0.34%	0.34%
TDG	D	0.15%	0.12%	0.12%
TER	F	0.03%	0.07%	0.03%
TFC	A	0.09%	0.02%	0.02%
TGT	F	0.74%	0.24%	0.24%
TJX	A	0.37%	0.39%	0.37%
TMO	F	0.28%	0.22%	0.22%
TMUS	B	0.43%	0.27%	0.27%
TOL	B	0.06%	0.07%	0.06%
TRGP	A	0.11%	0.13%	0.11%
TROW	B	0.09%	0.12%	0.09%
TRV	B	0.2%	0.15%	0.15%
TSCO	D	0.11%	0.18%	0.11%
TSN	B	0.18%	0.06%	0.06%
TTWO	A	0.07%	0.04%	0.04%
TW	A	0.06%	0.02%	0.02%
TXN	C	0.29%	0.23%	0.23%
TYL	B	0.08%	0.04%	0.04%
UBER	F	0.21%	0.14%	0.14%
ULTA	F	0.04%	0.25%	0.04%
UNH	B	0.79%	0.82%	0.79%
UNP	C	0.51%	0.04%	0.04%
URI	C	0.09%	0.03%	0.03%
USB	A	0.11%	0.06%	0.06%
V	A	0.31%	0.83%	0.31%
VLO	C	0.16%	0.18%	0.16%
VLTO	C	0.04%	0.13%	0.04%
VRSK	A	0.16%	0.09%	0.09%
VRSN	C	0.04%	0.37%	0.04%
VRTX	D	0.22%	0.19%	0.19%
VST	A	0.23%	0.29%	0.23%
VTR	B	0.04%	0.04%	0.04%
VTRS	A	0.14%	0.33%	0.14%
VZ	C	1.0%	0.25%	0.25%
WAB	B	0.05%	0.24%	0.05%
WAT	C	0.05%	0.08%	0.05%
WDC	D	0.08%	0.04%	0.04%
WELL	A	0.12%	0.09%	0.09%
WFC	A	0.97%	0.33%	0.33%
WM	B	0.28%	0.14%	0.14%
WMB	A	0.1%	0.23%	0.1%
WMT	A	1.71%	0.93%	0.93%
WPC	C	0.03%	0.1%	0.03%
WRB	A	0.02%	0.07%	0.02%
WSM	C	0.18%	0.17%	0.17%
WSO	A	0.17%	0.07%	0.07%
WTW	B	0.11%	0.08%	0.08%
XOM	B	0.43%	0.73%	0.43%
XYL	D	0.1%	0.09%	0.09%
YUM	D	0.13%	0.28%	0.13%
ZBRA	B	0.04%	0.02%	0.02%
ZTS	D	0.05%	0.11%	0.05%

MFUS Overweight 467 Positions Relative to GSLC

Symbol	Grade	Weight
GS	A	0.41%
THC	D	0.28%
SFM	A	0.25%
ANF	F	0.25%
UPS	C	0.24%
UTHR	C	0.19%
NEM	D	0.16%
DVA	C	0.16%
MUSA	B	0.16%
CASY	A	0.16%
CHRW	B	0.14%
EVR	B	0.13%
JNPR	D	0.13%
WBA	F	0.12%
CW	C	0.11%
CRS	B	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
FOXA	A	0.11%
AYI	B	0.1%
JXN	C	0.1%
DD	C	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TAP	C	0.09%
MLI	B	0.09%
EMR	B	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	C	0.09%
GPI	B	0.09%
SBUX	A	0.09%
HRB	D	0.08%
BKR	A	0.08%
LPX	B	0.08%
DKS	D	0.08%
AOS	F	0.08%
SLG	B	0.08%
GPK	C	0.08%
ABG	C	0.08%
ATR	B	0.08%
HLI	A	0.08%
ITT	A	0.08%
EQH	C	0.08%
GLPI	C	0.07%
MSCI	C	0.07%
SCI	B	0.07%
UFPI	C	0.07%
EXP	B	0.07%
CCI	C	0.07%
BCC	B	0.07%
INGR	C	0.07%
NSC	B	0.07%
SKYW	C	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	C	0.07%
THO	B	0.07%
R	B	0.07%
BALL	F	0.07%
AEO	F	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	A	0.06%
BC	C	0.06%
GAP	C	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	C	0.06%
LECO	C	0.06%
JLL	D	0.06%
GNRC	C	0.06%
CPT	B	0.06%
BERY	C	0.06%
KTB	B	0.06%
CHE	D	0.06%
CCK	D	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
MTH	D	0.06%
FIX	A	0.06%
LUMN	C	0.06%
WU	F	0.06%
SQ	A	0.06%
PK	C	0.06%
TXRH	B	0.06%
TTC	C	0.06%
FFIV	B	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	B	0.05%
PRIM	A	0.05%
FLEX	B	0.05%
THG	A	0.05%
AR	B	0.05%
NSIT	F	0.05%
LOPE	C	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
WST	C	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	F	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	F	0.05%
LAMR	C	0.05%
KD	B	0.05%
CBT	D	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	F	0.05%
MMS	F	0.05%
BTU	B	0.05%
MKC	C	0.05%
SON	F	0.04%
AVT	C	0.04%
OSK	C	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	C	0.04%
CRUS	D	0.04%
CXW	C	0.04%
SMG	C	0.04%
JWN	D	0.04%
AGNC	C	0.04%
BDC	C	0.04%
SLVM	B	0.04%
CLH	C	0.04%
FLO	D	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
EMN	C	0.04%
OLN	F	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	B	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
NBIX	C	0.04%
BAX	F	0.04%
NWSA	A	0.04%
CUBE	C	0.04%
SJM	D	0.04%
WTM	A	0.04%
OGN	F	0.04%
BHF	C	0.04%
ATI	C	0.04%
IPG	D	0.04%
MAC	B	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
HOOD	B	0.04%
JHG	B	0.04%
CMA	B	0.04%
UNM	A	0.04%
AROC	A	0.04%
ABM	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	F	0.03%
SBAC	D	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
KMPR	A	0.03%
LZB	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	C	0.03%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	B	0.03%
LNC	C	0.03%
OMF	A	0.03%
RPRX	D	0.03%
X	B	0.03%
UDR	B	0.03%
PLXS	B	0.03%
WHR	B	0.03%
CG	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	F	0.03%
AVA	A	0.03%
DBRG	F	0.03%
LW	C	0.03%
HSIC	C	0.03%
COHR	B	0.03%
RL	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	A	0.03%
BLD	D	0.03%
DDS	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
IVZ	B	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	B	0.03%
ES	C	0.03%
TPX	B	0.03%
NYT	D	0.03%
BJ	A	0.03%
ACM	B	0.03%
MORN	B	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	C	0.02%
KEX	B	0.02%
LEG	F	0.02%
TTMI	C	0.02%
VSH	F	0.02%
LAUR	A	0.02%
UAL	A	0.02%
AA	A	0.02%
SF	B	0.02%
BHE	C	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
WBS	A	0.02%
PHIN	A	0.02%
BEN	C	0.02%
WAL	B	0.02%
AXTA	B	0.02%
ANDE	D	0.02%
BXP	C	0.02%
ZION	B	0.02%
APG	B	0.02%
SNV	C	0.02%
NSP	F	0.02%
HP	C	0.02%
VFC	C	0.02%
HST	C	0.02%
DNOW	B	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	C	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	C	0.02%
HRL	D	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
NAVI	F	0.02%
WMS	F	0.02%
LNW	F	0.02%
EPC	F	0.02%
M	F	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	C	0.02%
VVV	D	0.02%
THS	D	0.02%
RHI	C	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	C	0.02%
OHI	C	0.02%
MDU	D	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	C	0.02%
SAM	C	0.02%
CTLT	C	0.02%
PSN	D	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	D	0.02%
MKTX	D	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	C	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
FAF	A	0.02%
SBH	C	0.02%
PAG	B	0.02%
HII	F	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
RYN	D	0.02%
JBHT	C	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
TFX	F	0.02%
GEF	A	0.02%
MSA	F	0.02%
NEU	D	0.02%
GHC	B	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	C	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	F	0.01%
IGT	F	0.01%
CACC	D	0.01%
PARA	C	0.01%
ARI	C	0.01%
WOR	F	0.01%
ELAN	D	0.01%
CNXN	C	0.01%
SPR	D	0.01%
CLF	F	0.01%
ACI	C	0.01%
GIII	D	0.01%
UGI	C	0.01%
ECPG	C	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	C	0.01%
SEB	F	0.01%
MKSI	C	0.01%
RDN	D	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	A	0.01%
SHO	D	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
SWX	B	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	F	0.01%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	B	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
SIGI	C	0.01%
LEA	F	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	C	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	C	0.01%
ESNT	F	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	C	0.01%
CWEN	C	0.01%
ONB	C	0.01%
CBSH	B	0.01%
WWD	C	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	F	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	C	0.01%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	D	0.01%
ADC	A	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	0.01%
GOLF	B	0.01%
FR	D	0.01%
DTM	A	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
VNT	C	0.01%
TDC	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 90 Positions Relative to GSLC

Symbol	Grade	Weight
MSFT	D	-5.64%
GOOGL	C	-1.88%
TSLA	B	-0.84%
CRM	B	-0.48%
TEAM	A	-0.3%
APO	B	-0.3%
NTNX	B	-0.27%
INTU	B	-0.26%
STT	B	-0.25%
HUBS	A	-0.24%
AMD	F	-0.23%
CDNS	B	-0.23%
PINS	F	-0.23%
LIN	C	-0.23%
WBD	B	-0.23%
ABT	B	-0.22%
DIS	B	-0.19%
CTSH	B	-0.18%
ZM	C	-0.18%
BG	D	-0.18%
EXPE	B	-0.18%
TXT	D	-0.17%
TT	A	-0.16%
MSTR	B	-0.16%
SYK	B	-0.16%
SWKS	F	-0.16%
SNPS	B	-0.15%
ACGL	C	-0.15%
HON	C	-0.15%
ETN	A	-0.14%
DAL	B	-0.14%
RJF	A	-0.13%
TDY	B	-0.13%
VRT	B	-0.13%
CF	A	-0.12%
LH	B	-0.11%
SWK	D	-0.11%
CBOE	C	-0.11%
EL	F	-0.11%
ZBH	C	-0.11%
MKL	A	-0.11%
PODD	C	-0.11%
FDX	B	-0.1%
AME	A	-0.1%
FTV	C	-0.1%
SNA	A	-0.1%
VICI	C	-0.1%
EG	C	-0.1%
GEV	B	-0.09%
MDT	D	-0.09%
IQV	F	-0.09%
CRWD	B	-0.09%
AXON	A	-0.09%
ADI	D	-0.08%
GPN	B	-0.08%
TRMB	B	-0.08%
KEYS	A	-0.08%
EOG	A	-0.08%
ON	D	-0.08%
ARE	F	-0.07%
J	D	-0.07%
MCHP	F	-0.07%
ROST	D	-0.07%
EW	C	-0.07%
PCAR	B	-0.07%
CVNA	B	-0.06%
HAL	C	-0.06%
ILMN	C	-0.06%
DE	B	-0.06%
LNG	A	-0.05%
WEC	A	-0.05%
WDAY	B	-0.05%
DVN	F	-0.05%
TRU	D	-0.05%
STX	C	-0.05%
OXY	D	-0.05%
GRMN	B	-0.05%
CTRA	B	-0.04%
WY	F	-0.04%
VMC	B	-0.04%
GPC	D	-0.04%
CNP	A	-0.04%
LYV	A	-0.03%
LVS	B	-0.02%
EQIX	A	-0.02%
KVUE	A	-0.02%
AEE	A	-0.02%
HUM	C	-0.02%
DXCM	C	-0.02%
PCG	A	-0.02%