MFUS vs. IEDI ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

$50.42

Average Daily Volume

7,688

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.94

Average Daily Volume

3,097

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IEDI
30 Days	2.56%	4.04%
60 Days	4.48%	8.28%
90 Days	6.34%	7.36%
12 Months	31.81%	36.74%

126 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IEDI	Overlap
AAP	F	0.01%	0.06%	0.01%
AAPL	C	0.97%	0.14%	0.14%
ABG	D	0.07%	0.12%	0.07%
ACI	F	0.01%	0.15%	0.01%
AEO	D	0.09%	0.11%	0.09%
AMZN	C	1.6%	7.95%	1.6%
AN	C	0.07%	0.14%	0.07%
ANF	D	0.24%	0.1%	0.1%
APLE	C	0.03%	0.04%	0.03%
ARMK	B	0.01%	0.14%	0.01%
ASO	D	0.04%	0.17%	0.04%
AZO	B	0.29%	1.48%	0.29%
BBWI	D	0.01%	0.24%	0.01%
BBY	A	0.23%	0.33%	0.23%
BFAM	C	0.03%	0.1%	0.03%
BJ	D	0.03%	0.28%	0.03%
BLD	C	0.04%	0.02%	0.02%
BURL	C	0.03%	0.69%	0.03%
CASY	D	0.15%	0.46%	0.15%
CCL	C	0.02%	0.19%	0.02%
CHE	C	0.06%	0.03%	0.03%
CL	C	0.41%	0.11%	0.11%
CLX	C	0.12%	0.02%	0.02%
CMG	D	0.2%	3.38%	0.2%
COST	C	1.36%	8.74%	1.36%
CPRI	D	0.01%	0.12%	0.01%
CPRT	D	0.08%	0.36%	0.08%
CRI	D	0.06%	0.09%	0.06%
CROX	C	0.02%	0.2%	0.02%
CTAS	C	0.19%	0.86%	0.19%
DASH	B	0.09%	0.77%	0.09%
DDS	D	0.03%	0.03%	0.03%
DECK	C	0.15%	0.54%	0.15%
DG	F	0.1%	0.68%	0.1%
DHI	C	0.07%	0.09%	0.07%
DKS	D	0.09%	0.54%	0.09%
DLTR	F	0.03%	0.54%	0.03%
DPZ	D	0.13%	0.45%	0.13%
DRI	C	0.03%	0.75%	0.03%
EBAY	B	0.38%	0.21%	0.21%
FAST	C	0.11%	0.21%	0.11%
FL	F	0.04%	0.07%	0.04%
FLO	C	0.04%	0.08%	0.04%
GAP	F	0.05%	0.18%	0.05%
GDDY	C	0.1%	0.16%	0.1%
GIS	B	0.2%	0.03%	0.03%
GME	D	0.01%	0.07%	0.01%
GWW	B	0.19%	0.23%	0.19%
H	B	0.01%	0.1%	0.01%
HD	B	0.6%	12.26%	0.6%
HLT	B	0.09%	1.06%	0.09%
HOOD	C	0.03%	0.03%	0.03%
HRB	C	0.08%	0.17%	0.08%
HST	D	0.02%	0.15%	0.02%
INVH	D	0.04%	0.05%	0.04%
IPG	C	0.04%	0.08%	0.04%
JWN	C	0.04%	0.08%	0.04%
KR	B	0.37%	0.96%	0.37%
KSS	D	0.03%	0.07%	0.03%
KTB	B	0.05%	0.13%	0.05%
LAD	B	0.02%	0.2%	0.02%
LANC	F	0.04%	0.06%	0.04%
LNW	F	0.02%	0.07%	0.02%
LOPE	D	0.04%	0.02%	0.02%
LOW	B	0.34%	4.23%	0.34%
M	F	0.02%	0.12%	0.02%
MA	B	0.27%	0.38%	0.27%
MAR	B	0.04%	1.14%	0.04%
MAS	B	0.06%	0.13%	0.06%
MCD	B	0.55%	1.65%	0.55%
MCK	F	0.5%	0.16%	0.16%
META	B	2.37%	0.59%	0.59%
MKC	C	0.06%	0.02%	0.02%
MSM	D	0.06%	0.04%	0.04%
MTN	D	0.05%	0.15%	0.05%
MUSA	D	0.15%	0.21%	0.15%
NFLX	B	0.46%	0.11%	0.11%
NKE	D	0.07%	1.57%	0.07%
OMC	B	0.06%	0.03%	0.03%
ORLY	B	0.19%	2.44%	0.19%
PG	C	1.04%	0.53%	0.53%
PH	B	0.13%	0.1%	0.1%
PK	D	0.06%	0.02%	0.02%
POOL	C	0.07%	0.18%	0.07%
PVH	D	0.02%	0.02%	0.02%
PYPL	B	0.11%	0.38%	0.11%
RCL	B	0.08%	0.43%	0.08%
RHI	D	0.02%	0.05%	0.02%
RL	B	0.03%	0.13%	0.03%
ROL	C	0.07%	0.05%	0.05%
SBUX	C	0.09%	1.84%	0.09%
SCI	C	0.06%	0.11%	0.06%
SFM	B	0.2%	0.36%	0.2%
SHOO	B	0.03%	0.11%	0.03%
SIG	C	0.04%	0.12%	0.04%
SKX	C	0.02%	0.14%	0.02%
SQ	D	0.05%	0.43%	0.05%
STZ	C	0.06%	0.33%	0.06%
SYY	C	0.13%	0.33%	0.13%
TGT	C	0.77%	2.09%	0.77%
TJX	C	0.38%	4.06%	0.38%
TOL	A	0.06%	0.15%	0.06%
TPR	A	0.01%	0.22%	0.01%
TPX	B	0.03%	0.14%	0.03%
TSCO	B	0.12%	1.01%	0.12%
TSN	D	0.16%	0.14%	0.14%
TTWO	D	0.06%	0.03%	0.03%
TXRH	B	0.06%	0.44%	0.06%
UAL	B	0.01%	0.07%	0.01%
UBER	C	0.23%	1.02%	0.23%
UHAL	B	0.04%	0.03%	0.03%
UHAL	B	0.01%	0.03%	0.01%
ULTA	D	0.04%	0.87%	0.04%
UPS	D	0.25%	0.16%	0.16%
URBN	F	0.05%	0.09%	0.05%
USFD	C	0.05%	0.24%	0.05%
V	C	0.28%	0.74%	0.28%
VFC	B	0.02%	0.1%	0.02%
VVV	D	0.02%	0.1%	0.02%
WBA	F	0.11%	0.08%	0.08%
WEN	C	0.05%	0.09%	0.05%
WH	B	0.03%	0.18%	0.03%
WMT	B	1.68%	7.6%	1.68%
WSM	C	0.21%	0.63%	0.21%
YUM	B	0.12%	0.81%	0.12%
ZTS	B	0.06%	0.02%	0.02%

MFUS Overweight 683 Positions Relative to IEDI

Symbol	Grade	Weight
LLY	D	2.87%
BRK.A	C	2.37%
AVGO	C	1.68%
NVDA	C	1.64%
ABBV	B	1.56%
ORCL	B	1.38%
JNJ	C	1.28%
KO	B	1.16%
IBM	B	1.14%
VZ	A	1.11%
AMGN	D	1.01%
MRK	F	1.0%
JPM	D	0.88%
PM	C	0.83%
LMT	A	0.82%
QCOM	D	0.8%
UNH	C	0.79%
GILD	B	0.79%
PEP	D	0.77%
T	B	0.74%
WFC	D	0.73%
CVS	D	0.71%
MO	C	0.66%
PFE	D	0.64%
C	C	0.63%
MMM	B	0.63%
GE	C	0.61%
CSCO	B	0.61%
PGR	C	0.6%
AMAT	D	0.59%
UNP	D	0.54%
REGN	D	0.49%
XOM	D	0.42%
BAC	D	0.39%
TMUS	B	0.38%
NOC	B	0.38%
MPC	F	0.36%
CVX	F	0.36%
BMY	C	0.36%
BKNG	B	0.36%
GS	B	0.35%
AIG	D	0.34%
TMO	B	0.33%
MET	B	0.32%
GM	C	0.32%
NOW	C	0.31%
TXN	B	0.3%
HCA	B	0.3%
ICE	C	0.3%
HPQ	C	0.29%
THC	C	0.29%
DHR	B	0.28%
KLAC	D	0.28%
SPGI	C	0.27%
ALL	C	0.26%
MDLZ	C	0.26%
WM	D	0.26%
CHTR	D	0.25%
ADM	D	0.25%
NEE	B	0.25%
SYF	C	0.24%
GD	C	0.24%
COF	B	0.24%
CAH	C	0.24%
PRU	C	0.23%
RTX	B	0.23%
AON	B	0.23%
PSX	F	0.23%
LHX	C	0.23%
ISRG	C	0.23%
ACN	C	0.23%
NEM	C	0.22%
LII	C	0.22%
AFL	A	0.22%
PANW	D	0.22%
VRTX	D	0.22%
SHW	B	0.22%
VST	B	0.21%
FICO	B	0.21%
AXP	B	0.21%
BSX	B	0.2%
WSO	C	0.2%
TRV	C	0.2%
ELV	D	0.2%
CAT	B	0.2%
LRCX	D	0.19%
MMC	C	0.19%
INTC	D	0.19%
GLW	B	0.19%
LYB	D	0.18%
MS	B	0.18%
KMB	C	0.18%
UTHR	B	0.18%
MSI	B	0.18%
CB	B	0.17%
TDG	B	0.17%
RMD	C	0.17%
BK	B	0.17%
BLK	B	0.17%
VRSK	D	0.17%
DVA	B	0.17%
CMCSA	C	0.16%
VLO	F	0.16%
SPG	B	0.16%
BR	C	0.16%
EA	D	0.16%
KHC	C	0.16%
AMT	C	0.16%
CI	C	0.15%
HWM	B	0.15%
F	F	0.15%
K	A	0.15%
BAH	B	0.15%
MU	D	0.15%
AJG	D	0.14%
KKR	B	0.14%
CHRW	B	0.14%
CME	B	0.14%
DUK	B	0.14%
SMCI	F	0.14%
ANET	C	0.14%
IT	C	0.14%
PLTR	C	0.14%
CMI	B	0.13%
EXR	C	0.13%
EFX	C	0.13%
CEG	C	0.13%
RSG	D	0.13%
VTRS	D	0.13%
SO	B	0.13%
JNPR	A	0.13%
XYL	C	0.12%
MCO	C	0.12%
RPM	B	0.12%
BDX	D	0.12%
AMP	B	0.12%
IRM	C	0.12%
PNC	C	0.11%
PHM	B	0.11%
DD	B	0.11%
CSX	C	0.11%
LDOS	A	0.11%
BX	C	0.11%
EVR	B	0.11%
PWR	B	0.11%
APH	C	0.11%
BRO	C	0.11%
WELL	C	0.11%
MPWR	B	0.1%
AOS	B	0.1%
CW	B	0.1%
NVR	B	0.1%
MTD	C	0.1%
USB	C	0.1%
ITW	B	0.1%
WTW	B	0.1%
NTAP	D	0.1%
FOXA	B	0.1%
CRS	C	0.1%
AVY	C	0.1%
HPE	C	0.1%
JKHY	B	0.1%
PSA	C	0.1%
ADP	C	0.1%
DGX	B	0.09%
AEP	C	0.09%
OKE	C	0.09%
GPI	B	0.09%
TRGP	C	0.09%
ALSN	B	0.09%
LSTR	D	0.09%
EHC	B	0.09%
URI	B	0.09%
KMI	C	0.09%
TMHC	B	0.09%
JXN	B	0.09%
EXPD	B	0.09%
CACI	B	0.09%
BWXT	A	0.09%
LPX	B	0.08%
ATR	B	0.08%
OTIS	B	0.08%
EQH	C	0.08%
SLG	C	0.08%
SRE	B	0.08%
BIIB	F	0.08%
TAP	D	0.08%
IP	C	0.08%
TFC	D	0.08%
TYL	C	0.08%
CCI	C	0.08%
AIZ	B	0.08%
BALL	C	0.08%
ADSK	B	0.08%
STE	B	0.08%
GEHC	B	0.08%
IEX	C	0.08%
TROW	C	0.08%
AYI	B	0.08%
DFS	C	0.08%
WDC	C	0.08%
DLR	B	0.08%
ARES	B	0.08%
ITT	B	0.08%
GPK	C	0.08%
IR	B	0.08%
WMB	C	0.08%
NUE	D	0.08%
KDP	B	0.08%
ECL	B	0.08%
NSC	C	0.07%
NSIT	C	0.07%
MLM	D	0.07%
COP	F	0.07%
BKR	C	0.07%
CHD	C	0.07%
R	C	0.07%
TTC	F	0.07%
UFPI	C	0.07%
PKG	B	0.07%
MTH	C	0.07%
HCC	D	0.07%
VNO	B	0.07%
BCC	C	0.07%
MLI	B	0.07%
WU	C	0.07%
ALNY	C	0.07%
MNST	D	0.07%
GLPI	C	0.07%
WCC	C	0.07%
FIS	C	0.07%
LEN	B	0.07%
EXC	B	0.07%
THO	C	0.07%
EMR	D	0.07%
NRG	B	0.07%
D	C	0.07%
UHS	C	0.07%
CALM	B	0.07%
SEIC	B	0.07%
HLI	C	0.07%
CNC	D	0.06%
SEE	C	0.06%
BC	C	0.06%
CNX	B	0.06%
FFIV	B	0.06%
HSY	D	0.06%
L	D	0.06%
COIN	F	0.06%
JLL	B	0.06%
HIG	B	0.06%
AMG	C	0.06%
FTNT	B	0.06%
ERIE	B	0.06%
TPH	C	0.06%
ED	B	0.06%
BERY	B	0.06%
IDXX	D	0.06%
JCI	B	0.06%
RGA	C	0.06%
PEG	B	0.06%
CPT	C	0.06%
MMS	B	0.06%
O	B	0.06%
MSCI	C	0.06%
FCN	C	0.06%
CCK	B	0.06%
ROP	C	0.06%
INGR	B	0.06%
EXP	B	0.06%
ARW	B	0.05%
MHO	B	0.05%
NDSN	C	0.05%
NFG	B	0.05%
CBRE	B	0.05%
CUBE	C	0.05%
NDAQ	C	0.05%
PPG	C	0.05%
FANG	F	0.05%
IBKR	B	0.05%
CAG	B	0.05%
VLTO	B	0.05%
HBI	A	0.05%
GNRC	D	0.05%
SLGN	B	0.05%
CPB	C	0.05%
COOP	C	0.05%
G	C	0.05%
ATI	C	0.05%
SEB	D	0.05%
GNTX	D	0.05%
VIRT	C	0.05%
ANSS	D	0.05%
WAT	B	0.05%
BAX	C	0.05%
LPLA	D	0.05%
WAB	B	0.05%
LUMN	C	0.05%
TEX	F	0.05%
ATGE	C	0.05%
ALLY	F	0.05%
CBT	B	0.05%
NXST	D	0.05%
BTU	C	0.05%
FCNCA	D	0.05%
OGN	D	0.05%
APP	C	0.05%
A	C	0.05%
EIX	B	0.05%
LECO	D	0.05%
SKYW	C	0.05%
CARR	B	0.05%
LAMR	B	0.05%
TW	B	0.05%
POST	B	0.05%
SUI	C	0.05%
FIX	B	0.05%
CMC	D	0.05%
SLM	C	0.05%
KBH	C	0.04%
TDS	B	0.04%
NYT	B	0.04%
AVTR	C	0.04%
DBRG	D	0.04%
PAYX	C	0.04%
UNM	B	0.04%
BHF	F	0.04%
AVT	B	0.04%
IFF	A	0.04%
MANH	B	0.04%
PPL	A	0.04%
TER	C	0.04%
CVLT	B	0.04%
TRN	C	0.04%
CDW	D	0.04%
BDC	B	0.04%
WTM	F	0.04%
JHG	B	0.04%
ES	B	0.04%
EXEL	C	0.04%
NWSA	D	0.04%
EQR	C	0.04%
CLH	C	0.04%
CMA	C	0.04%
ADBE	F	0.04%
CTVA	B	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	C	0.04%
EME	B	0.04%
ELS	D	0.04%
HUBG	C	0.04%
MAC	B	0.04%
AMH	D	0.04%
CPNG	B	0.04%
FITB	B	0.04%
GATX	D	0.04%
FLEX	B	0.04%
TKR	C	0.04%
AROC	D	0.04%
VRSN	C	0.04%
TGNA	C	0.04%
FTI	D	0.04%
HEI	C	0.04%
CRBG	C	0.04%
SCHW	D	0.04%
SMG	B	0.04%
VTR	C	0.04%
ABM	D	0.04%
CNO	C	0.04%
AGNC	B	0.04%
CE	D	0.04%
RS	D	0.04%
KD	F	0.04%
ETR	A	0.04%
OLN	D	0.04%
RGLD	C	0.04%
EMN	B	0.04%
SRCL	B	0.04%
BLDR	C	0.04%
THG	C	0.04%
DCI	C	0.04%
AR	C	0.04%
GVA	B	0.04%
CRUS	D	0.04%
WST	D	0.04%
SJM	C	0.04%
MOG.A	B	0.04%
BKE	B	0.03%
APAM	C	0.03%
NTRS	C	0.03%
NEU	D	0.03%
MTG	B	0.03%
FHI	B	0.03%
PLXS	B	0.03%
THS	C	0.03%
DRH	C	0.03%
LNC	C	0.03%
STC	C	0.03%
LW	D	0.03%
MSA	D	0.03%
LZB	C	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	B	0.03%
DELL	C	0.03%
WHR	C	0.03%
ADNT	D	0.03%
MRO	D	0.03%
COKE	C	0.03%
HOG	C	0.03%
XRAY	D	0.03%
JBL	C	0.03%
XPO	D	0.03%
FNF	B	0.03%
AKAM	D	0.03%
HBAN	B	0.03%
DK	F	0.03%
SBAC	C	0.03%
CPAY	B	0.03%
BKU	D	0.03%
VC	F	0.03%
MASI	C	0.03%
RLI	B	0.03%
OI	D	0.03%
GMS	C	0.03%
COHR	C	0.03%
MATX	B	0.03%
UDR	C	0.03%
WPC	C	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	C	0.03%
MC	C	0.03%
HII	F	0.03%
MTB	C	0.03%
GGG	C	0.03%
SM	F	0.03%
AWI	B	0.03%
AVB	C	0.03%
RPRX	C	0.03%
MAN	C	0.03%
TFX	B	0.03%
OSK	F	0.03%
GBX	D	0.03%
AVA	B	0.03%
MORN	C	0.03%
HUBB	B	0.03%
MDU	B	0.03%
CMS	B	0.03%
IVZ	B	0.03%
HOLX	D	0.03%
ACM	B	0.03%
HSIC	C	0.03%
AMKR	F	0.03%
CFG	D	0.03%
DOX	C	0.03%
RUSHA	C	0.03%
GEO	F	0.03%
PRIM	B	0.03%
SEM	D	0.03%
FE	B	0.03%
SANM	D	0.03%
KEX	C	0.02%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	C	0.02%
DAN	D	0.02%
CWEN	A	0.02%
AXTA	B	0.02%
KIM	C	0.02%
FR	C	0.02%
ALGN	D	0.02%
DNOW	F	0.02%
EVRG	B	0.02%
WAL	B	0.02%
TTEK	C	0.02%
SSNC	C	0.02%
ATO	B	0.02%
APG	F	0.02%
BEN	F	0.02%
ODFL	D	0.02%
NWL	C	0.02%
VSCO	C	0.02%
HP	F	0.02%
AES	C	0.02%
SATS	C	0.02%
CSL	B	0.02%
LXP	C	0.02%
JBLU	C	0.02%
ODP	F	0.02%
EWBC	C	0.02%
HNI	C	0.02%
SNDR	B	0.02%
APOG	B	0.02%
LEG	D	0.02%
VSH	F	0.02%
PNR	B	0.02%
BXP	C	0.02%
DORM	C	0.02%
ANDE	D	0.02%
OSIS	C	0.02%
ZBRA	B	0.02%
SAM	D	0.02%
OC	C	0.02%
ESS	C	0.02%
NAVI	D	0.02%
DTE	A	0.02%
HRL	F	0.02%
GWRE	B	0.02%
MCY	C	0.02%
LNT	A	0.02%
DOV	B	0.02%
YELP	D	0.02%
PMT	C	0.02%
CC	D	0.02%
CINF	C	0.02%
EPC	F	0.02%
MAA	C	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
NI	B	0.02%
VSTO	C	0.02%
NTCT	C	0.02%
DOW	C	0.02%
RLJ	D	0.02%
GHC	B	0.02%
SXT	B	0.02%
MKTX	D	0.02%
DLB	D	0.02%
OHI	C	0.02%
KBR	D	0.02%
XHR	B	0.02%
CXW	F	0.02%
PBF	F	0.02%
AIR	D	0.02%
HAE	D	0.02%
SBH	B	0.02%
GMED	D	0.02%
CTLT	B	0.02%
KMPR	D	0.02%
PSN	B	0.02%
GEF	C	0.02%
PFSI	C	0.02%
JBHT	D	0.02%
KEY	C	0.02%
WMS	D	0.02%
PINC	D	0.02%
RRC	D	0.02%
FAF	B	0.02%
PAG	D	0.02%
WRB	D	0.02%
ACA	B	0.02%
LBRDK	C	0.02%
JEF	C	0.02%
ORA	B	0.02%
OMF	D	0.02%
PDCO	F	0.02%
WERN	C	0.02%
PNM	B	0.02%
CG	C	0.02%
HUN	C	0.01%
KNX	C	0.01%
NOV	F	0.01%
SCL	D	0.01%
DINO	F	0.01%
PARA	D	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
CACC	F	0.01%
KALU	D	0.01%
ECPG	D	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	D	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	D	0.01%
IGT	D	0.01%
WGO	D	0.01%
PB	D	0.01%
ESI	C	0.01%
CFR	C	0.01%
CNXN	B	0.01%
ALEX	C	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	B	0.01%
IMKTA	D	0.01%
CNS	B	0.01%
WOR	F	0.01%
SVC	F	0.01%
PNW	C	0.01%
IDCC	B	0.01%
SR	B	0.01%
PPC	D	0.01%
RKT	C	0.01%
UGI	B	0.01%
CLF	F	0.01%
SPR	D	0.01%
SWX	C	0.01%
MOS	F	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	C	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	C	0.01%
FHN	D	0.01%
AMED	D	0.01%
JBGS	C	0.01%
PFG	B	0.01%
FLR	D	0.01%
ESAB	C	0.01%
WMK	D	0.01%
SPB	B	0.01%
JELD	D	0.01%
CBSH	D	0.01%
WTFC	C	0.01%
CADE	C	0.01%
CNM	F	0.01%
ONB	D	0.01%
BRC	B	0.01%
XRX	D	0.01%
DTM	C	0.01%
DXC	D	0.01%
FELE	B	0.01%
STRA	F	0.01%
SAIC	C	0.01%
CSGS	C	0.01%
TTMI	D	0.01%
KN	D	0.01%
DY	C	0.01%
VNT	F	0.01%
CR	B	0.01%
LEA	D	0.01%
WBS	C	0.01%
CVI	F	0.01%
OMI	D	0.01%
SF	B	0.01%
LADR	D	0.01%
NNI	C	0.01%
WWD	C	0.01%
ZION	D	0.01%
AMWD	C	0.01%
GOLF	F	0.01%
MHK	B	0.01%
NNN	B	0.01%
RBC	B	0.01%
DEI	B	0.01%
SAH	D	0.01%
SNV	D	0.01%
IOSP	F	0.01%
TNET	F	0.01%
REZI	D	0.01%
SLB	F	0.01%
ADC	C	0.01%
PTEN	F	0.01%
ICUI	C	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	C	0.01%
FYBR	C	0.01%
PSMT	B	0.01%
SCS	D	0.01%
ESNT	B	0.01%
BWA	C	0.01%
LAUR	C	0.01%
RF	B	0.01%
BMRN	F	0.01%
SCCO	C	0.0%
NOMD	C	0.0%
WOLF	F	0.0%

MFUS Underweight 75 Positions Relative to IEDI

Symbol	Grade	Weight
ROST	C	-2.1%
WING	C	-0.55%
FERG	D	-0.53%
INTU	D	-0.49%
ABNB	D	-0.43%
FND	C	-0.41%
KMX	D	-0.33%
DIS	D	-0.31%
CVNA	B	-0.29%
DKNG	C	-0.29%
PLNT	C	-0.27%
CHDN	D	-0.26%
CAVA	C	-0.26%
OLLI	C	-0.24%
EXPE	C	-0.24%
FIVE	D	-0.2%
PFGC	B	-0.2%
RH	C	-0.19%
LUV	C	-0.17%
MGM	D	-0.17%
BOOT	B	-0.17%
LYV	A	-0.16%
TOST	C	-0.15%
FDX	D	-0.14%
CZR	C	-0.14%
NCLH	B	-0.13%
PINS	D	-0.13%
FRPT	C	-0.12%
W	C	-0.12%
EAT	C	-0.12%
ELF	F	-0.11%
BYD	C	-0.11%
Z	C	-0.11%
GPC	D	-0.11%
WYNN	C	-0.11%
SHAK	C	-0.11%
CHH	B	-0.1%
LULU	D	-0.09%
VICI	C	-0.09%
SITE	D	-0.09%
DUOL	C	-0.09%
PZZA	D	-0.08%
FCFS	D	-0.08%
RHP	C	-0.08%
RRR	D	-0.07%
TNL	C	-0.07%
ETSY	D	-0.07%
ALK	B	-0.07%
MSGS	B	-0.06%
GO	F	-0.06%
MTCH	C	-0.06%
COLM	C	-0.06%
CAKE	B	-0.06%
LYFT	D	-0.06%
SNAP	D	-0.06%
VAC	D	-0.05%
HGV	F	-0.05%
HON	C	-0.05%
COTY	D	-0.05%
IAC	C	-0.05%
MAT	D	-0.05%
CBRL	D	-0.04%
TKO	A	-0.04%
AAL	D	-0.04%
BLMN	F	-0.04%
IPAR	D	-0.03%
JACK	F	-0.03%
FOUR	C	-0.03%
PRKS	D	-0.03%
CAR	D	-0.02%
MIDD	C	-0.02%
OXM	F	-0.02%
DRVN	C	-0.02%
VSTS	D	-0.02%
SNA	B	-0.01%