MFUS vs. GSPY ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Gotham Enhanced 500 ETF (GSPY)

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

GSPY

Gotham Enhanced 500 ETF

GSPY Description

The investment seeks long-term capital appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by generally investing in securities of issuers included in the S&P 500® Index. It is not a passive index fund, but instead utilizes an enhanced strategy implemented by the fund's investment sub-adviser to invest in the securities in the index and weight those securities based on the Sub-Adviser's assessment of value and each security's weight in the ndex.

Grade (RS Rating)

Last Trade

$32.57

Average Daily Volume

44,221

Number of Holdings ^*

497

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	GSPY
30 Days	1.40%	1.59%
60 Days	3.06%	4.33%
90 Days	4.64%	5.92%
12 Months	31.57%	30.49%

378 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in GSPY	Overlap
A	D	0.05%	0.02%	0.02%
AAPL	C	0.96%	6.45%	0.96%
ABBV	F	1.36%	0.2%	0.2%
ACN	B	0.25%	0.15%	0.15%
ADBE	C	0.04%	0.15%	0.04%
ADM	D	0.22%	0.02%	0.02%
ADP	A	0.11%	0.12%	0.11%
ADSK	A	0.09%	0.04%	0.04%
AEP	C	0.08%	0.03%	0.03%
AES	F	0.01%	0.01%	0.01%
AFL	B	0.21%	0.05%	0.05%
AIG	B	0.34%	0.03%	0.03%
AIZ	A	0.09%	0.01%	0.01%
AJG	A	0.16%	0.04%	0.04%
AKAM	D	0.02%	0.01%	0.01%
ALGN	D	0.01%	0.01%	0.01%
ALL	A	0.26%	0.03%	0.03%
AMAT	F	0.55%	0.71%	0.55%
AMGN	F	0.94%	0.1%	0.1%
AMP	A	0.18%	0.1%	0.1%
AMT	C	0.13%	0.06%	0.06%
AMZN	C	1.71%	4.81%	1.71%
ANET	C	0.14%	0.07%	0.07%
ANSS	B	0.05%	0.06%	0.05%
AON	A	0.24%	0.38%	0.24%
AOS	F	0.08%	0.01%	0.01%
APH	A	0.12%	0.06%	0.06%
ATO	A	0.02%	0.01%	0.01%
AVB	B	0.03%	0.02%	0.02%
AVGO	D	1.59%	1.09%	1.09%
AVY	F	0.09%	0.07%	0.07%
AXP	A	0.23%	0.44%	0.23%
AZO	C	0.28%	0.03%	0.03%
BAC	A	0.45%	0.66%	0.45%
BALL	F	0.07%	0.1%	0.07%
BAX	F	0.04%	0.01%	0.01%
BBWI	C	0.01%	0.01%	0.01%
BBY	D	0.21%	0.1%	0.1%
BDX	F	0.11%	0.04%	0.04%
BEN	C	0.02%	0.06%	0.02%
BIIB	F	0.07%	0.11%	0.07%
BK	A	0.18%	0.11%	0.11%
BKNG	A	0.42%	0.77%	0.42%
BKR	A	0.08%	0.2%	0.08%
BLDR	D	0.04%	0.12%	0.04%
BLK	B	0.19%	0.33%	0.19%
BMY	B	0.41%	0.08%	0.08%
BR	A	0.17%	0.09%	0.09%
BRK.A	B	2.42%	1.88%	1.88%
BRO	B	0.12%	0.11%	0.11%
BSX	A	0.2%	0.08%	0.08%
BWA	D	0.01%	0.04%	0.01%
BX	A	0.13%	0.25%	0.13%
BXP	C	0.02%	0.01%	0.01%
C	A	0.69%	0.24%	0.24%
CAG	F	0.04%	0.01%	0.01%
CAH	B	0.27%	0.02%	0.02%
CARR	C	0.05%	0.04%	0.04%
CAT	B	0.2%	0.99%	0.2%
CB	C	0.16%	0.17%	0.16%
CBRE	B	0.05%	0.02%	0.02%
CCI	C	0.07%	0.03%	0.03%
CCL	A	0.02%	0.02%	0.02%
CDW	F	0.03%	0.01%	0.01%
CE	F	0.02%	0.04%	0.02%
CEG	C	0.11%	0.32%	0.11%
CFG	B	0.04%	0.04%	0.04%
CHD	A	0.07%	0.02%	0.02%
CHRW	B	0.14%	0.01%	0.01%
CHTR	C	0.3%	0.11%	0.11%
CI	D	0.13%	0.5%	0.13%
CINF	A	0.02%	0.11%	0.02%
CL	D	0.35%	0.35%	0.35%
CLX	A	0.12%	0.01%	0.01%
CMCSA	B	0.16%	0.31%	0.16%
CME	B	0.14%	0.09%	0.09%
CMG	B	0.2%	0.05%	0.05%
CMI	A	0.14%	0.27%	0.14%
CMS	C	0.03%	0.01%	0.01%
CNC	D	0.04%	0.14%	0.04%
COF	C	0.29%	0.13%	0.13%
COP	C	0.07%	0.09%	0.07%
COR	B	0.17%	0.22%	0.17%
COST	A	1.35%	0.26%	0.26%
CPAY	A	0.03%	0.14%	0.03%
CPB	D	0.04%	0.01%	0.01%
CPRT	B	0.09%	0.04%	0.04%
CPT	B	0.06%	0.01%	0.01%
CSCO	B	0.68%	0.7%	0.68%
CSX	C	0.11%	0.32%	0.11%
CTAS	B	0.19%	0.05%	0.05%
CTLT	C	0.02%	0.01%	0.01%
CTVA	C	0.04%	0.03%	0.03%
CVS	D	0.65%	0.32%	0.32%
CVX	A	0.39%	0.66%	0.39%
D	C	0.07%	0.22%	0.07%
DD	C	0.1%	0.16%	0.1%
DECK	A	0.17%	0.02%	0.02%
DELL	B	0.03%	0.44%	0.03%
DFS	B	0.1%	0.08%	0.08%
DG	F	0.09%	0.08%	0.08%
DGX	A	0.09%	0.01%	0.01%
DHI	F	0.06%	0.03%	0.03%
DHR	F	0.24%	0.33%	0.24%
DLR	B	0.09%	0.03%	0.03%
DLTR	F	0.03%	0.01%	0.01%
DOV	A	0.04%	0.15%	0.04%
DOW	F	0.02%	0.02%	0.02%
DPZ	C	0.13%	0.01%	0.01%
DRI	B	0.03%	0.01%	0.01%
DTE	C	0.02%	0.02%	0.02%
DUK	C	0.13%	0.06%	0.06%
DVA	C	0.16%	0.06%	0.06%
EA	A	0.18%	0.08%	0.08%
EBAY	D	0.36%	0.17%	0.17%
ECL	D	0.08%	0.04%	0.04%
ED	C	0.05%	0.02%	0.02%
EFX	F	0.11%	0.02%	0.02%
EIX	B	0.05%	0.02%	0.02%
ELV	F	0.16%	0.44%	0.16%
EMN	C	0.04%	0.06%	0.04%
EMR	B	0.09%	0.35%	0.09%
EQR	C	0.04%	0.02%	0.02%
ERIE	D	0.04%	0.01%	0.01%
ES	C	0.03%	0.01%	0.01%
ESS	B	0.04%	0.01%	0.01%
ETR	B	0.05%	0.02%	0.02%
EVRG	A	0.02%	0.01%	0.01%
EXC	C	0.07%	0.02%	0.02%
EXPD	C	0.11%	0.01%	0.01%
EXR	C	0.11%	0.02%	0.02%
F	C	0.16%	0.03%	0.03%
FANG	C	0.05%	0.03%	0.03%
FAST	B	0.13%	0.03%	0.03%
FDS	B	0.04%	0.01%	0.01%
FE	C	0.03%	0.02%	0.02%
FFIV	B	0.06%	0.08%	0.06%
FI	A	0.19%	0.67%	0.19%
FICO	B	0.25%	0.03%	0.03%
FIS	C	0.07%	0.03%	0.03%
FITB	B	0.04%	0.06%	0.04%
FOXA	A	0.11%	0.1%	0.1%
FTNT	C	0.07%	0.04%	0.04%
GD	D	0.24%	0.38%	0.24%
GDDY	A	0.12%	0.02%	0.02%
GE	D	0.56%	1.01%	0.56%
GEHC	D	0.07%	0.02%	0.02%
GEN	B	0.11%	0.1%	0.1%
GILD	C	0.87%	0.61%	0.61%
GIS	D	0.17%	0.02%	0.02%
GLW	B	0.2%	0.02%	0.02%
GM	C	0.4%	0.32%	0.32%
GNRC	C	0.06%	0.01%	0.01%
GS	A	0.41%	0.41%	0.41%
GWW	B	0.21%	0.07%	0.07%
HBAN	A	0.03%	0.02%	0.02%
HCA	F	0.25%	0.42%	0.25%
HD	B	0.62%	0.71%	0.62%
HIG	B	0.06%	0.13%	0.06%
HII	F	0.02%	0.0%	0.0%
HLT	A	0.1%	0.04%	0.04%
HOLX	D	0.03%	0.08%	0.03%
HPE	B	0.11%	0.13%	0.11%
HPQ	B	0.28%	0.2%	0.2%
HRL	D	0.02%	0.01%	0.01%
HSIC	C	0.03%	0.0%	0.0%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.05%	0.02%	0.02%
HUBB	B	0.03%	0.01%	0.01%
HWM	A	0.17%	0.03%	0.03%
IBM	C	1.05%	0.12%	0.12%
ICE	C	0.29%	0.39%	0.29%
IDXX	F	0.05%	0.02%	0.02%
IEX	C	0.09%	0.01%	0.01%
IFF	D	0.03%	0.01%	0.01%
INCY	C	0.01%	0.03%	0.01%
INTC	C	0.2%	0.07%	0.07%
INVH	D	0.04%	0.01%	0.01%
IP	A	0.09%	0.09%	0.09%
IPG	D	0.04%	0.05%	0.04%
IR	B	0.09%	0.03%	0.03%
IRM	C	0.12%	0.02%	0.02%
ISRG	A	0.29%	0.11%	0.11%
IT	C	0.15%	0.02%	0.02%
ITW	B	0.1%	0.35%	0.1%
IVZ	B	0.03%	0.01%	0.01%
JBHT	C	0.02%	0.01%	0.01%
JBL	C	0.03%	0.08%	0.03%
JCI	B	0.07%	0.27%	0.07%
JKHY	D	0.1%	0.01%	0.01%
JNJ	C	1.18%	1.06%	1.06%
JNPR	D	0.13%	0.01%	0.01%
JPM	A	0.99%	1.44%	0.99%
K	A	0.15%	0.03%	0.03%
KDP	F	0.07%	0.21%	0.07%
KEY	B	0.03%	0.03%	0.03%
KHC	F	0.15%	0.21%	0.15%
KIM	A	0.02%	0.01%	0.01%
KKR	A	0.15%	0.28%	0.15%
KLAC	F	0.23%	0.4%	0.23%
KMB	C	0.16%	0.25%	0.16%
KMI	A	0.11%	0.04%	0.04%
KO	D	1.0%	0.35%	0.35%
KR	B	0.38%	0.22%	0.22%
L	A	0.06%	0.08%	0.06%
LDOS	C	0.11%	0.13%	0.11%
LEN	D	0.06%	0.09%	0.06%
LHX	C	0.26%	0.19%	0.19%
LLY	F	2.39%	0.45%	0.45%
LMT	D	0.75%	0.46%	0.46%
LNT	A	0.02%	0.01%	0.01%
LOW	C	0.35%	0.81%	0.35%
LRCX	F	0.17%	0.46%	0.17%
LW	C	0.03%	0.01%	0.01%
LYB	F	0.15%	0.13%	0.13%
MA	B	0.28%	0.88%	0.28%
MAA	B	0.02%	0.01%	0.01%
MAR	A	0.04%	0.32%	0.04%
MAS	D	0.06%	0.08%	0.06%
MCD	D	0.53%	0.14%	0.14%
MCK	A	0.63%	0.05%	0.05%
MCO	B	0.15%	0.05%	0.05%
MDLZ	F	0.23%	0.36%	0.23%
MET	A	0.32%	0.19%	0.19%
META	D	2.35%	3.27%	2.35%
MHK	D	0.01%	0.04%	0.01%
MKC	C	0.05%	0.01%	0.01%
MKTX	D	0.02%	0.0%	0.0%
MLM	C	0.07%	0.02%	0.02%
MMC	B	0.2%	0.51%	0.2%
MMM	D	0.6%	0.38%	0.38%
MNST	C	0.07%	0.04%	0.04%
MO	A	0.73%	0.53%	0.53%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.34%	0.03%	0.03%
MPWR	F	0.06%	0.02%	0.02%
MRK	D	0.84%	1.11%	0.84%
MRO	B	0.03%	0.02%	0.02%
MS	A	0.22%	0.4%	0.22%
MSCI	C	0.07%	0.03%	0.03%
MSI	B	0.2%	0.05%	0.05%
MTB	A	0.04%	0.06%	0.04%
MTD	F	0.08%	0.01%	0.01%
MU	D	0.16%	0.21%	0.16%
NDAQ	A	0.05%	0.14%	0.05%
NDSN	B	0.04%	0.01%	0.01%
NEE	C	0.22%	0.1%	0.1%
NEM	D	0.16%	0.03%	0.03%
NFLX	A	0.52%	0.23%	0.23%
NI	A	0.02%	0.01%	0.01%
NKE	F	0.06%	0.33%	0.06%
NOC	D	0.35%	0.14%	0.14%
NOW	A	0.36%	0.12%	0.12%
NRG	B	0.07%	0.11%	0.07%
NSC	B	0.07%	0.04%	0.04%
NTAP	C	0.1%	0.13%	0.1%
NTRS	A	0.03%	0.04%	0.03%
NUE	C	0.08%	0.02%	0.02%
NVDA	B	1.9%	6.42%	1.9%
NVR	D	0.09%	0.02%	0.02%
NWSA	A	0.04%	0.01%	0.01%
O	C	0.05%	0.03%	0.03%
ODFL	C	0.02%	0.03%	0.02%
OKE	A	0.1%	0.11%	0.1%
OMC	C	0.06%	0.11%	0.06%
ORCL	A	1.52%	0.33%	0.33%
ORLY	B	0.2%	0.04%	0.04%
OTIS	C	0.07%	0.19%	0.07%
PANW	B	0.25%	0.08%	0.08%
PARA	C	0.01%	0.0%	0.0%
PAYX	B	0.04%	0.03%	0.03%
PEG	A	0.06%	0.03%	0.03%
PEP	F	0.74%	0.3%	0.3%
PFE	F	0.57%	0.1%	0.1%
PFG	D	0.01%	0.01%	0.01%
PG	C	1.01%	0.43%	0.43%
PGR	A	0.59%	0.1%	0.1%
PH	A	0.14%	0.06%	0.06%
PHM	D	0.1%	0.02%	0.02%
PKG	A	0.1%	0.01%	0.01%
PLTR	B	0.23%	0.09%	0.09%
PM	B	0.87%	1.04%	0.87%
PNC	B	0.12%	0.15%	0.12%
PNR	A	0.02%	0.08%	0.02%
PNW	A	0.01%	0.0%	0.0%
POOL	C	0.07%	0.01%	0.01%
PPG	F	0.04%	0.13%	0.04%
PPL	A	0.04%	0.02%	0.02%
PRU	A	0.23%	0.21%	0.21%
PSA	C	0.09%	0.03%	0.03%
PSX	C	0.23%	0.04%	0.04%
PTC	B	0.04%	0.01%	0.01%
PWR	A	0.12%	0.03%	0.03%
PYPL	B	0.12%	0.4%	0.12%
QCOM	F	0.77%	0.97%	0.77%
QRVO	F	0.01%	0.03%	0.01%
RCL	A	0.1%	0.04%	0.04%
REGN	F	0.36%	0.05%	0.05%
RF	A	0.02%	0.02%	0.02%
RL	C	0.03%	0.07%	0.03%
RMD	C	0.16%	0.02%	0.02%
ROL	B	0.07%	0.02%	0.02%
ROP	B	0.06%	0.11%	0.06%
RSG	A	0.13%	0.04%	0.04%
RTX	D	0.22%	0.1%	0.1%
RVTY	F	0.01%	0.01%	0.01%
SBAC	D	0.03%	0.01%	0.01%
SBUX	A	0.09%	0.07%	0.07%
SCHW	B	0.05%	0.23%	0.05%
SHW	B	0.22%	0.06%	0.06%
SJM	D	0.04%	0.01%	0.01%
SLB	C	0.01%	0.29%	0.01%
SMCI	F	0.05%	0.05%	0.05%
SO	C	0.13%	0.06%	0.06%
SPG	A	0.16%	0.04%	0.04%
SPGI	C	0.29%	0.1%	0.1%
SRE	A	0.08%	0.04%	0.04%
STE	D	0.07%	0.01%	0.01%
STLD	B	0.04%	0.01%	0.01%
STZ	D	0.06%	0.21%	0.06%
SYF	B	0.31%	0.05%	0.05%
SYY	D	0.12%	0.17%	0.12%
T	A	0.73%	0.47%	0.47%
TAP	C	0.09%	0.07%	0.07%
TDG	D	0.15%	0.04%	0.04%
TER	F	0.03%	0.01%	0.01%
TFC	A	0.09%	0.12%	0.09%
TFX	F	0.02%	0.0%	0.0%
TGT	F	0.74%	0.33%	0.33%
TJX	A	0.37%	0.23%	0.23%
TMO	F	0.28%	0.13%	0.13%
TMUS	B	0.43%	1.28%	0.43%
TPR	B	0.01%	0.07%	0.01%
TRGP	A	0.11%	0.03%	0.03%
TROW	B	0.09%	0.06%	0.06%
TRV	B	0.2%	0.25%	0.2%
TSCO	D	0.11%	0.02%	0.02%
TSN	B	0.18%	0.11%	0.11%
TTWO	A	0.07%	0.06%	0.06%
TXN	C	0.29%	0.12%	0.12%
TYL	B	0.08%	0.01%	0.01%
UAL	A	0.02%	0.02%	0.02%
UBER	F	0.21%	0.09%	0.09%
UDR	B	0.03%	0.01%	0.01%
UHS	D	0.06%	0.07%	0.06%
ULTA	F	0.04%	0.01%	0.01%
UNH	B	0.79%	0.61%	0.61%
UNP	C	0.51%	0.32%	0.32%
UPS	C	0.24%	0.07%	0.07%
URI	C	0.09%	0.09%	0.09%
USB	A	0.11%	0.15%	0.11%
V	A	0.31%	1.48%	0.31%
VLO	C	0.16%	0.21%	0.16%
VLTO	C	0.04%	0.03%	0.03%
VRSK	A	0.16%	0.02%	0.02%
VRSN	C	0.04%	0.1%	0.04%
VRTX	D	0.22%	0.08%	0.08%
VST	A	0.23%	0.03%	0.03%
VTR	B	0.04%	0.02%	0.02%
VTRS	A	0.14%	0.07%	0.07%
VZ	C	1.0%	0.65%	0.65%
WAB	B	0.05%	0.18%	0.05%
WAT	C	0.05%	0.01%	0.01%
WBA	F	0.12%	0.04%	0.04%
WDC	D	0.08%	0.03%	0.03%
WELL	A	0.12%	0.05%	0.05%
WFC	A	0.97%	0.46%	0.46%
WM	B	0.28%	0.06%	0.06%
WMB	A	0.1%	0.04%	0.04%
WMT	A	1.71%	0.44%	0.44%
WRB	A	0.02%	0.01%	0.01%
WST	C	0.05%	0.01%	0.01%
WTW	B	0.11%	0.02%	0.02%
XOM	B	0.43%	0.89%	0.43%
XYL	D	0.1%	0.02%	0.02%
YUM	D	0.13%	0.18%	0.13%
ZBRA	B	0.04%	0.09%	0.04%
ZTS	D	0.05%	0.05%	0.05%

MFUS Overweight 437 Positions Relative to GSPY

Symbol	Grade	Weight
THC	D	0.28%
SFM	A	0.25%
ANF	F	0.25%
LII	A	0.21%
UTHR	C	0.19%
WSM	C	0.18%
WSO	A	0.17%
MUSA	B	0.16%
CASY	A	0.16%
BAH	F	0.15%
EVR	B	0.13%
RPM	A	0.13%
CW	C	0.11%
CRS	B	0.11%
DASH	B	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
APP	B	0.11%
COIN	C	0.1%
AYI	B	0.1%
JXN	C	0.1%
SEIC	B	0.09%
MLI	B	0.09%
ARES	A	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%
HRB	D	0.08%
LPX	B	0.08%
DKS	D	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%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	C	0.07%
EXP	B	0.07%
BCC	B	0.07%
INGR	C	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%
AEO	F	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	A	0.06%
BC	C	0.06%
TW	A	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%
BERY	C	0.06%
KTB	B	0.06%
CHE	D	0.06%
CCK	D	0.06%
SLM	A	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	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%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
TOL	B	0.06%
ALNY	D	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%
SUI	C	0.05%
TGNA	B	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%
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%
PSTG	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%
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%
CUBE	C	0.04%
WTM	A	0.04%
OGN	F	0.04%
BHF	C	0.04%
ATI	C	0.04%
MAC	B	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%
EME	A	0.04%
HOOD	B	0.04%
JHG	B	0.04%
CMA	B	0.04%
UNM	A	0.04%
RS	B	0.04%
AROC	A	0.04%
ABM	B	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	F	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%
WPC	C	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
FNF	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%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	B	0.03%
X	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%
COHR	B	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%
GGG	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	B	0.03%
TPX	B	0.03%
NYT	D	0.03%
BJ	A	0.03%
ACM	B	0.03%
MORN	B	0.03%
MANH	D	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%
SSNC	B	0.02%
LAUR	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%
WAL	B	0.02%
CSL	C	0.02%
AXTA	B	0.02%
ANDE	D	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%
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%
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%
OC	A	0.02%
SXT	C	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	C	0.02%
GWRE	A	0.02%
SAM	C	0.02%
PSN	D	0.02%
XHR	B	0.02%
PDCO	F	0.02%
PBF	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%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
RYN	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	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%
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%
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%
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%
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%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
ESNT	F	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	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%
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 119 Positions Relative to GSPY

Symbol	Grade	Weight
MSFT	D	-7.1%
GOOGL	C	-4.43%
TSLA	B	-1.02%
DIS	B	-0.61%
HON	C	-0.55%
TT	A	-0.43%
ABT	B	-0.38%
FDX	B	-0.33%
ROST	D	-0.25%
DAL	B	-0.22%
LULU	C	-0.22%
GRMN	B	-0.22%
CRM	B	-0.21%
LVS	B	-0.16%
HUM	C	-0.16%
LIN	C	-0.14%
AMD	F	-0.14%
INTU	B	-0.12%
HAL	C	-0.12%
EXPE	B	-0.11%
SNA	A	-0.1%
SYK	B	-0.09%
ETN	A	-0.09%
CTSH	B	-0.08%
J	D	-0.08%
MOH	F	-0.08%
PCG	A	-0.08%
ADI	D	-0.07%
PLD	F	-0.07%
DE	B	-0.07%
MDT	D	-0.07%
BA	F	-0.06%
ALLE	C	-0.06%
GEV	B	-0.06%
APTV	F	-0.06%
SWK	D	-0.06%
EQIX	A	-0.05%
SW	A	-0.05%
SNPS	B	-0.05%
EOG	A	-0.05%
CRWD	B	-0.05%
STT	B	-0.05%
CDNS	B	-0.05%
LKQ	F	-0.05%
SOLV	D	-0.05%
ABNB	C	-0.05%
KMX	B	-0.04%
NXPI	D	-0.04%
MTCH	D	-0.04%
PCAR	B	-0.04%
CZR	F	-0.04%
FCX	F	-0.04%
APD	A	-0.04%
XEL	A	-0.03%
EW	C	-0.03%
RJF	A	-0.03%
HES	B	-0.03%
AME	A	-0.03%
KVUE	A	-0.03%
FMC	D	-0.03%
OXY	D	-0.03%
AEE	A	-0.02%
DVN	F	-0.02%
WBD	B	-0.02%
FTV	C	-0.02%
DXCM	C	-0.02%
ROK	C	-0.02%
ON	D	-0.02%
WEC	A	-0.02%
VICI	C	-0.02%
GPN	B	-0.02%
LYV	A	-0.02%
IQV	F	-0.02%
CSGP	D	-0.02%
VMC	B	-0.02%
MCHP	F	-0.02%
AXON	A	-0.02%
ACGL	C	-0.02%
FRT	B	-0.01%
HAS	D	-0.01%
GL	C	-0.01%
ALB	B	-0.01%
TECH	F	-0.01%
WYNN	C	-0.01%
DAY	B	-0.01%
PAYC	B	-0.01%
BG	D	-0.01%
REG	A	-0.01%
MGM	D	-0.01%
NCLH	B	-0.01%
EG	C	-0.01%
EPAM	B	-0.01%
DOC	C	-0.01%
PODD	C	-0.01%
AMCR	C	-0.01%
GPC	D	-0.01%
MRNA	F	-0.01%
SWKS	F	-0.01%
CF	A	-0.01%
EQT	B	-0.01%
TXT	D	-0.01%
ARE	F	-0.01%
FSLR	F	-0.01%
CBOE	C	-0.01%
LH	B	-0.01%
TRMB	B	-0.01%
TDY	B	-0.01%
CNP	A	-0.01%
LUV	C	-0.01%
CTRA	B	-0.01%
STX	C	-0.01%
AWK	C	-0.01%
EL	F	-0.01%
KEYS	A	-0.01%
WY	F	-0.01%
ZBH	C	-0.01%
APA	D	-0.0%
ENPH	F	-0.0%
CRL	D	-0.0%