MFUS vs. IWD ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares Russell 1000 Value ETF (IWD)

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

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$189.29

Average Daily Volume

1,615,569

Number of Holdings ^*

864

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IWD
30 Days	2.56%	2.44%
60 Days	4.48%	4.60%
90 Days	6.34%	9.08%
12 Months	31.81%	26.55%

561 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IWD	Overlap
A	C	0.05%	0.16%	0.05%
AA	C	0.01%	0.03%	0.01%
AAP	F	0.01%	0.01%	0.01%
ABBV	B	1.56%	0.78%	0.78%
ACI	F	0.01%	0.03%	0.01%
ACM	B	0.03%	0.05%	0.03%
ACN	C	0.23%	0.84%	0.23%
ADC	C	0.01%	0.03%	0.01%
ADM	D	0.25%	0.12%	0.12%
ADP	C	0.1%	0.03%	0.03%
AEP	C	0.09%	0.22%	0.09%
AES	C	0.02%	0.05%	0.02%
AFL	A	0.22%	0.24%	0.22%
AGCO	D	0.02%	0.02%	0.02%
AGNC	B	0.04%	0.03%	0.03%
AIG	D	0.34%	0.19%	0.19%
AIZ	B	0.08%	0.04%	0.04%
AJG	D	0.14%	0.22%	0.14%
AKAM	D	0.03%	0.06%	0.03%
ALGN	D	0.02%	0.03%	0.02%
ALL	C	0.26%	0.17%	0.17%
ALLY	F	0.05%	0.03%	0.03%
ALNY	C	0.07%	0.02%	0.02%
ALSN	B	0.09%	0.03%	0.03%
AMAT	D	0.59%	0.05%	0.05%
AMED	D	0.01%	0.01%	0.01%
AMG	C	0.06%	0.02%	0.02%
AMGN	D	1.01%	0.16%	0.16%
AMH	D	0.04%	0.05%	0.04%
AMKR	F	0.03%	0.01%	0.01%
AMP	B	0.12%	0.02%	0.02%
AN	C	0.07%	0.02%	0.02%
ANSS	D	0.05%	0.11%	0.05%
AON	B	0.23%	0.27%	0.23%
AOS	B	0.1%	0.04%	0.04%
APG	F	0.02%	0.03%	0.02%
APH	C	0.11%	0.13%	0.11%
AR	C	0.04%	0.03%	0.03%
ARMK	B	0.01%	0.04%	0.01%
ARW	B	0.05%	0.03%	0.03%
ATI	C	0.05%	0.03%	0.03%
ATO	B	0.02%	0.08%	0.02%
ATR	B	0.08%	0.04%	0.04%
AVB	C	0.03%	0.13%	0.03%
AVT	B	0.04%	0.02%	0.02%
AVTR	C	0.04%	0.07%	0.04%
AVY	C	0.1%	0.04%	0.04%
AWI	B	0.03%	0.02%	0.02%
AXP	B	0.21%	0.38%	0.21%
AXTA	B	0.02%	0.03%	0.02%
AYI	B	0.08%	0.03%	0.03%
AZO	B	0.29%	0.02%	0.02%
BAC	D	0.39%	1.09%	0.39%
BALL	C	0.08%	0.08%	0.08%
BAX	C	0.05%	0.08%	0.05%
BBWI	D	0.01%	0.03%	0.01%
BBY	A	0.23%	0.08%	0.08%
BC	C	0.06%	0.02%	0.02%
BDX	D	0.12%	0.27%	0.12%
BEN	F	0.02%	0.02%	0.02%
BERY	B	0.06%	0.03%	0.03%
BFAM	C	0.03%	0.03%	0.03%
BHF	F	0.04%	0.01%	0.01%
BIIB	F	0.08%	0.12%	0.08%
BJ	D	0.03%	0.04%	0.03%
BK	B	0.17%	0.21%	0.17%
BKNG	B	0.36%	0.03%	0.03%
BKR	C	0.07%	0.14%	0.07%
BLD	C	0.04%	0.05%	0.04%
BLDR	C	0.04%	0.09%	0.04%
BLK	B	0.17%	0.55%	0.17%
BMRN	F	0.01%	0.05%	0.01%
BMY	C	0.36%	0.4%	0.36%
BR	C	0.16%	0.01%	0.01%
BRK.A	C	2.37%	3.33%	2.37%
BRKR	D	0.02%	0.01%	0.01%
BRO	C	0.11%	0.05%	0.05%
BSX	B	0.2%	0.49%	0.2%
BWA	C	0.01%	0.03%	0.01%
BWXT	A	0.09%	0.03%	0.03%
BXP	C	0.02%	0.05%	0.02%
C	C	0.63%	0.48%	0.48%
CACC	F	0.01%	0.0%	0.0%
CACI	B	0.09%	0.04%	0.04%
CAG	B	0.05%	0.06%	0.05%
CAH	C	0.24%	0.04%	0.04%
CARR	B	0.05%	0.27%	0.05%
CASY	D	0.15%	0.05%	0.05%
CAT	B	0.2%	0.62%	0.2%
CB	B	0.17%	0.47%	0.17%
CBRE	B	0.05%	0.15%	0.05%
CBSH	D	0.01%	0.03%	0.01%
CC	D	0.02%	0.01%	0.01%
CCI	C	0.08%	0.2%	0.08%
CCK	B	0.06%	0.04%	0.04%
CCL	C	0.02%	0.08%	0.02%
CDW	D	0.04%	0.06%	0.04%
CE	D	0.04%	0.04%	0.04%
CEG	C	0.13%	0.27%	0.13%
CFG	D	0.03%	0.08%	0.03%
CFR	C	0.01%	0.03%	0.01%
CG	C	0.02%	0.04%	0.02%
CHD	C	0.07%	0.1%	0.07%
CHE	C	0.06%	0.03%	0.03%
CHRW	B	0.14%	0.05%	0.05%
CHTR	D	0.25%	0.12%	0.12%
CI	C	0.15%	0.36%	0.15%
CINF	C	0.02%	0.08%	0.02%
CL	C	0.41%	0.15%	0.15%
CLF	F	0.01%	0.01%	0.01%
CLH	C	0.04%	0.05%	0.04%
CMA	C	0.04%	0.03%	0.03%
CMCSA	C	0.16%	0.62%	0.16%
CME	B	0.14%	0.31%	0.14%
CMI	B	0.13%	0.17%	0.13%
CMS	B	0.03%	0.08%	0.03%
CNC	D	0.06%	0.16%	0.06%
CNM	F	0.01%	0.01%	0.01%
COF	B	0.24%	0.23%	0.23%
COHR	C	0.03%	0.05%	0.03%
COIN	F	0.06%	0.02%	0.02%
COKE	C	0.03%	0.03%	0.03%
COLD	D	0.04%	0.03%	0.03%
COP	F	0.07%	0.51%	0.07%
CPB	C	0.05%	0.04%	0.04%
CPRI	D	0.01%	0.02%	0.01%
CPRT	D	0.08%	0.01%	0.01%
CPT	C	0.06%	0.05%	0.05%
CR	B	0.01%	0.03%	0.01%
CRI	D	0.06%	0.01%	0.01%
CROX	C	0.02%	0.03%	0.02%
CRUS	D	0.04%	0.03%	0.03%
CSCO	B	0.61%	0.84%	0.61%
CSL	B	0.02%	0.07%	0.02%
CSX	C	0.11%	0.27%	0.11%
CTAS	C	0.19%	0.01%	0.01%
CTLT	B	0.02%	0.04%	0.02%
CTVA	B	0.04%	0.16%	0.04%
CUBE	C	0.05%	0.05%	0.05%
CVS	D	0.71%	0.29%	0.29%
CVX	F	0.36%	1.0%	0.36%
CW	B	0.1%	0.05%	0.05%
CWEN	A	0.02%	0.01%	0.01%
CWEN	A	0.02%	0.0%	0.0%
D	C	0.07%	0.19%	0.07%
DASH	B	0.09%	0.02%	0.02%
DCI	C	0.04%	0.03%	0.03%
DD	B	0.11%	0.14%	0.11%
DDS	D	0.03%	0.0%	0.0%
DELL	C	0.03%	0.11%	0.03%
DFS	C	0.08%	0.14%	0.08%
DG	F	0.1%	0.08%	0.08%
DGX	B	0.09%	0.07%	0.07%
DHI	C	0.07%	0.23%	0.07%
DHR	B	0.28%	0.7%	0.28%
DINO	F	0.01%	0.03%	0.01%
DKS	D	0.09%	0.04%	0.04%
DLB	D	0.02%	0.02%	0.02%
DLR	B	0.08%	0.2%	0.08%
DLTR	F	0.03%	0.06%	0.03%
DOV	B	0.02%	0.1%	0.02%
DOW	C	0.02%	0.15%	0.02%
DOX	C	0.03%	0.04%	0.03%
DPZ	D	0.13%	0.04%	0.04%
DRI	C	0.03%	0.04%	0.03%
DTE	A	0.02%	0.1%	0.02%
DTM	C	0.01%	0.03%	0.01%
DUK	B	0.14%	0.36%	0.14%
DXC	D	0.01%	0.02%	0.01%
EA	D	0.16%	0.15%	0.15%
EBAY	B	0.38%	0.13%	0.13%
ECL	B	0.08%	0.03%	0.03%
ED	B	0.06%	0.14%	0.06%
EFX	C	0.13%	0.12%	0.12%
EHC	B	0.09%	0.04%	0.04%
EIX	B	0.05%	0.13%	0.05%
ELAN	D	0.01%	0.03%	0.01%
ELS	D	0.04%	0.05%	0.04%
ELV	D	0.2%	0.42%	0.2%
EME	B	0.04%	0.05%	0.04%
EMN	B	0.04%	0.05%	0.04%
EMR	D	0.07%	0.24%	0.07%
EQR	C	0.04%	0.12%	0.04%
ES	B	0.04%	0.09%	0.04%
ESAB	C	0.01%	0.02%	0.01%
ESI	C	0.01%	0.02%	0.01%
ESS	C	0.02%	0.08%	0.02%
ETR	A	0.04%	0.11%	0.04%
EVR	B	0.11%	0.04%	0.04%
EVRG	B	0.02%	0.05%	0.02%
EWBC	C	0.02%	0.05%	0.02%
EXC	B	0.07%	0.16%	0.07%
EXEL	C	0.04%	0.01%	0.01%
EXP	B	0.06%	0.01%	0.01%
EXPD	B	0.09%	0.06%	0.06%
EXR	C	0.13%	0.15%	0.13%
F	F	0.15%	0.17%	0.15%
FAF	B	0.02%	0.03%	0.02%
FANG	F	0.05%	0.13%	0.05%
FAST	C	0.11%	0.03%	0.03%
FCN	C	0.06%	0.03%	0.03%
FCNCA	D	0.05%	0.09%	0.05%
FDS	C	0.04%	0.05%	0.04%
FE	B	0.03%	0.1%	0.03%
FFIV	B	0.06%	0.05%	0.05%
FHN	D	0.01%	0.04%	0.01%
FICO	B	0.21%	0.03%	0.03%
FIS	C	0.07%	0.19%	0.07%
FITB	B	0.04%	0.12%	0.04%
FLO	C	0.04%	0.02%	0.02%
FNF	B	0.03%	0.06%	0.03%
FOXA	B	0.1%	0.04%	0.04%
FR	C	0.02%	0.03%	0.02%
FTI	D	0.04%	0.05%	0.04%
FTNT	B	0.06%	0.04%	0.04%
FYBR	C	0.01%	0.03%	0.01%
G	C	0.05%	0.03%	0.03%
GAP	F	0.05%	0.02%	0.02%
GD	C	0.24%	0.33%	0.24%
GE	C	0.61%	0.64%	0.61%
GEHC	B	0.08%	0.14%	0.08%
GGG	C	0.03%	0.06%	0.03%
GILD	B	0.79%	0.42%	0.42%
GIS	B	0.2%	0.17%	0.17%
GLPI	C	0.07%	0.05%	0.05%
GLW	B	0.19%	0.14%	0.14%
GM	C	0.32%	0.22%	0.22%
GME	D	0.01%	0.03%	0.01%
GMED	D	0.02%	0.03%	0.02%
GNRC	D	0.05%	0.02%	0.02%
GNTX	D	0.05%	0.03%	0.03%
GPK	C	0.08%	0.04%	0.04%
GS	B	0.35%	0.46%	0.35%
GWRE	B	0.02%	0.03%	0.02%
GWW	B	0.19%	0.02%	0.02%
H	B	0.01%	0.02%	0.01%
HBAN	B	0.03%	0.09%	0.03%
HCA	B	0.3%	0.23%	0.23%
HD	B	0.6%	0.31%	0.31%
HIG	B	0.06%	0.14%	0.06%
HII	F	0.03%	0.04%	0.03%
HLI	C	0.07%	0.03%	0.03%
HLT	B	0.09%	0.11%	0.09%
HOG	C	0.03%	0.02%	0.02%
HOLX	D	0.03%	0.08%	0.03%
HOOD	C	0.03%	0.06%	0.03%
HPE	C	0.1%	0.1%	0.1%
HPQ	C	0.29%	0.1%	0.1%
HRB	C	0.08%	0.03%	0.03%
HRL	F	0.02%	0.04%	0.02%
HSIC	C	0.03%	0.04%	0.03%
HST	D	0.02%	0.05%	0.02%
HSY	D	0.06%	0.1%	0.06%
HUBB	B	0.03%	0.09%	0.03%
HUN	C	0.01%	0.01%	0.01%
HWM	B	0.15%	0.15%	0.15%
HXL	F	0.03%	0.02%	0.02%
IBKR	B	0.05%	0.06%	0.05%
IBM	B	1.14%	0.8%	0.8%
ICE	C	0.3%	0.36%	0.3%
IEX	C	0.08%	0.06%	0.06%
IFF	A	0.04%	0.1%	0.04%
INCY	C	0.01%	0.04%	0.01%
INGR	B	0.06%	0.04%	0.04%
INTC	D	0.19%	0.37%	0.19%
INVH	D	0.04%	0.09%	0.04%
IP	C	0.08%	0.07%	0.07%
IPG	C	0.04%	0.05%	0.04%
IR	B	0.08%	0.16%	0.08%
IRM	C	0.12%	0.06%	0.06%
ITT	B	0.08%	0.05%	0.05%
ITW	B	0.1%	0.19%	0.1%
IVZ	B	0.03%	0.02%	0.02%
JBHT	D	0.02%	0.06%	0.02%
JBL	C	0.03%	0.05%	0.03%
JCI	B	0.06%	0.2%	0.06%
JEF	C	0.02%	0.03%	0.02%
JHG	B	0.04%	0.02%	0.02%
JKHY	B	0.1%	0.05%	0.05%
JLL	B	0.06%	0.03%	0.03%
JNJ	C	1.28%	1.58%	1.28%
JNPR	A	0.13%	0.05%	0.05%
JPM	D	0.88%	2.42%	0.88%
JWN	C	0.04%	0.01%	0.01%
K	A	0.15%	0.08%	0.08%
KBR	D	0.02%	0.03%	0.02%
KD	F	0.04%	0.02%	0.02%
KDP	B	0.08%	0.16%	0.08%
KEX	C	0.02%	0.03%	0.02%
KEY	C	0.02%	0.06%	0.02%
KHC	C	0.16%	0.12%	0.12%
KIM	C	0.02%	0.06%	0.02%
KKR	B	0.14%	0.26%	0.14%
KMB	C	0.18%	0.11%	0.11%
KMI	C	0.09%	0.17%	0.09%
KMPR	D	0.02%	0.01%	0.01%
KNX	C	0.01%	0.03%	0.01%
KO	B	1.16%	0.47%	0.47%
KR	B	0.37%	0.15%	0.15%
KSS	D	0.03%	0.01%	0.01%
L	D	0.06%	0.06%	0.06%
LAD	B	0.02%	0.03%	0.02%
LAMR	B	0.05%	0.04%	0.04%
LBRDK	C	0.02%	0.02%	0.02%
LDOS	A	0.11%	0.08%	0.08%
LEA	D	0.01%	0.02%	0.01%
LECO	D	0.05%	0.03%	0.03%
LEG	D	0.02%	0.01%	0.01%
LEN	B	0.07%	0.01%	0.01%
LEN	B	0.07%	0.17%	0.07%
LHX	C	0.23%	0.18%	0.18%
LMT	A	0.82%	0.33%	0.33%
LNC	C	0.03%	0.02%	0.02%
LNT	A	0.02%	0.06%	0.02%
LOPE	D	0.04%	0.01%	0.01%
LOW	B	0.34%	0.6%	0.34%
LPX	B	0.08%	0.01%	0.01%
LSTR	D	0.09%	0.03%	0.03%
LW	D	0.03%	0.03%	0.03%
LYB	D	0.18%	0.1%	0.1%
M	F	0.02%	0.02%	0.02%
MAA	C	0.02%	0.08%	0.02%
MAN	C	0.03%	0.01%	0.01%
MAR	B	0.04%	0.22%	0.04%
MAS	B	0.06%	0.07%	0.06%
MASI	C	0.03%	0.01%	0.01%
MCD	B	0.55%	0.8%	0.55%
MCK	F	0.5%	0.15%	0.15%
MDLZ	C	0.26%	0.4%	0.26%
MDU	B	0.03%	0.02%	0.02%
MET	B	0.32%	0.19%	0.19%
MHK	B	0.01%	0.03%	0.01%
MKC	C	0.06%	0.08%	0.06%
MKSI	F	0.01%	0.03%	0.01%
MKTX	D	0.02%	0.04%	0.02%
MLM	D	0.07%	0.13%	0.07%
MMC	C	0.19%	0.38%	0.19%
MMM	B	0.63%	0.24%	0.24%
MNST	D	0.07%	0.03%	0.03%
MO	C	0.66%	0.35%	0.35%
MOS	F	0.01%	0.03%	0.01%
MPC	F	0.36%	0.23%	0.23%
MRO	D	0.03%	0.06%	0.03%
MS	B	0.18%	0.45%	0.18%
MSA	D	0.03%	0.03%	0.03%
MSCI	C	0.06%	0.07%	0.06%
MSI	B	0.18%	0.15%	0.15%
MSM	D	0.06%	0.02%	0.02%
MTB	C	0.03%	0.12%	0.03%
MTD	C	0.1%	0.12%	0.1%
MTG	B	0.03%	0.03%	0.03%
MTN	D	0.05%	0.0%	0.0%
MU	D	0.15%	0.4%	0.15%
NDAQ	C	0.05%	0.12%	0.05%
NDSN	C	0.05%	0.06%	0.05%
NEE	B	0.25%	0.68%	0.25%
NEM	C	0.22%	0.25%	0.22%
NEU	D	0.03%	0.01%	0.01%
NFG	B	0.05%	0.02%	0.02%
NI	B	0.02%	0.06%	0.02%
NKE	D	0.07%	0.16%	0.07%
NNN	B	0.01%	0.03%	0.01%
NOC	B	0.38%	0.29%	0.29%
NOV	F	0.01%	0.03%	0.01%
NRG	B	0.07%	0.04%	0.04%
NSC	C	0.07%	0.22%	0.07%
NTAP	D	0.1%	0.06%	0.06%
NTRS	C	0.03%	0.07%	0.03%
NUE	D	0.08%	0.14%	0.08%
NVR	B	0.1%	0.11%	0.1%
NWL	C	0.02%	0.01%	0.01%
NWSA	D	0.04%	0.04%	0.04%
NXST	D	0.05%	0.01%	0.01%
NYT	B	0.04%	0.04%	0.04%
O	B	0.06%	0.21%	0.06%
OC	C	0.02%	0.06%	0.02%
OGN	D	0.05%	0.02%	0.02%
OHI	C	0.02%	0.04%	0.02%
OKE	C	0.09%	0.22%	0.09%
OLN	D	0.04%	0.02%	0.02%
OMC	B	0.06%	0.08%	0.06%
OMF	D	0.02%	0.02%	0.02%
ORLY	B	0.19%	0.02%	0.02%
OSK	F	0.03%	0.03%	0.03%
OTIS	B	0.08%	0.15%	0.08%
PAG	D	0.02%	0.01%	0.01%
PARA	D	0.01%	0.02%	0.01%
PAYX	C	0.04%	0.11%	0.04%
PB	D	0.01%	0.03%	0.01%
PEG	B	0.06%	0.17%	0.06%
PEP	D	0.77%	0.2%	0.2%
PFE	D	0.64%	0.67%	0.64%
PFG	B	0.01%	0.08%	0.01%
PG	C	1.04%	1.28%	1.04%
PGR	C	0.6%	0.1%	0.1%
PH	B	0.13%	0.32%	0.13%
PHM	B	0.11%	0.12%	0.11%
PINC	D	0.02%	0.01%	0.01%
PK	D	0.06%	0.01%	0.01%
PKG	B	0.07%	0.08%	0.07%
PM	C	0.83%	0.75%	0.75%
PNC	C	0.11%	0.3%	0.11%
PNR	B	0.02%	0.06%	0.02%
PNW	C	0.01%	0.04%	0.01%
POST	B	0.05%	0.02%	0.02%
PPC	D	0.01%	0.01%	0.01%
PPG	C	0.05%	0.12%	0.05%
PPL	A	0.04%	0.1%	0.04%
PRU	C	0.23%	0.17%	0.17%
PSA	C	0.1%	0.19%	0.1%
PSN	B	0.02%	0.02%	0.02%
PSTG	F	0.04%	0.01%	0.01%
PSX	F	0.23%	0.22%	0.22%
PTC	C	0.04%	0.03%	0.03%
PVH	D	0.02%	0.02%	0.02%
PWR	B	0.11%	0.12%	0.11%
PYPL	B	0.11%	0.31%	0.11%
QCOM	D	0.8%	0.05%	0.05%
QRVO	F	0.01%	0.04%	0.01%
R	C	0.07%	0.03%	0.03%
RBC	B	0.01%	0.03%	0.01%
RCL	B	0.08%	0.11%	0.08%
REGN	D	0.49%	0.44%	0.44%
RF	B	0.01%	0.08%	0.01%
RGA	C	0.06%	0.06%	0.06%
RGLD	C	0.04%	0.04%	0.04%
RHI	D	0.02%	0.03%	0.02%
RKT	C	0.01%	0.01%	0.01%
RL	B	0.03%	0.03%	0.03%
RLI	B	0.03%	0.02%	0.02%
RMD	C	0.17%	0.1%	0.1%
ROP	C	0.06%	0.24%	0.06%
RPM	B	0.12%	0.05%	0.05%
RPRX	C	0.03%	0.04%	0.03%
RRC	D	0.02%	0.03%	0.02%
RS	D	0.04%	0.06%	0.04%
RSG	D	0.13%	0.17%	0.13%
RTX	B	0.23%	0.63%	0.23%
RYN	C	0.03%	0.02%	0.02%
SAIC	C	0.01%	0.03%	0.01%
SAM	D	0.02%	0.01%	0.01%
SBAC	C	0.03%	0.1%	0.03%
SBUX	C	0.09%	0.1%	0.09%
SCHW	D	0.04%	0.35%	0.04%
SCI	C	0.06%	0.05%	0.05%
SEB	D	0.05%	0.0%	0.0%
SEE	C	0.06%	0.01%	0.01%
SEIC	B	0.07%	0.03%	0.03%
SF	B	0.01%	0.04%	0.01%
SHW	B	0.22%	0.03%	0.03%
SJM	C	0.04%	0.05%	0.04%
SKX	C	0.02%	0.03%	0.02%
SLB	F	0.01%	0.24%	0.01%
SLGN	B	0.05%	0.02%	0.02%
SLM	C	0.05%	0.02%	0.02%
SMG	B	0.04%	0.01%	0.01%
SNDR	B	0.02%	0.01%	0.01%
SNV	D	0.01%	0.03%	0.01%
SO	B	0.13%	0.39%	0.13%
SON	D	0.04%	0.02%	0.02%
SPB	B	0.01%	0.01%	0.01%
SPG	B	0.16%	0.16%	0.16%
SPGI	C	0.27%	0.66%	0.27%
SPR	D	0.01%	0.01%	0.01%
SQ	D	0.05%	0.09%	0.05%
SRCL	B	0.04%	0.02%	0.02%
SRE	B	0.08%	0.21%	0.08%
SSNC	C	0.02%	0.07%	0.02%
STE	B	0.08%	0.09%	0.08%
STLD	C	0.04%	0.07%	0.04%
STZ	C	0.06%	0.16%	0.06%
SUI	C	0.05%	0.07%	0.05%
SYF	C	0.24%	0.08%	0.08%
SYY	C	0.13%	0.06%	0.06%
T	B	0.74%	0.62%	0.62%
TAP	D	0.08%	0.04%	0.04%
TDG	B	0.17%	0.24%	0.17%
TER	C	0.04%	0.01%	0.01%
TFC	D	0.08%	0.23%	0.08%
TFX	B	0.03%	0.05%	0.03%
TGT	C	0.77%	0.29%	0.29%
THC	C	0.29%	0.06%	0.06%
THG	C	0.04%	0.02%	0.02%
THO	C	0.07%	0.02%	0.02%
TJX	C	0.38%	0.22%	0.22%
TKR	C	0.04%	0.02%	0.02%
TMO	B	0.33%	0.94%	0.33%
TMUS	B	0.38%	0.39%	0.38%
TOL	A	0.06%	0.06%	0.06%
TPR	A	0.01%	0.04%	0.01%
TROW	C	0.08%	0.09%	0.08%
TRV	C	0.2%	0.22%	0.2%
TSN	D	0.16%	0.07%	0.07%
TTC	F	0.07%	0.04%	0.04%
TTEK	C	0.02%	0.04%	0.02%
TTWO	D	0.06%	0.1%	0.06%
TW	B	0.05%	0.03%	0.03%
TXN	B	0.3%	0.65%	0.3%
TYL	C	0.08%	0.01%	0.01%
UAL	B	0.01%	0.07%	0.01%
UDR	C	0.03%	0.06%	0.03%
UGI	B	0.01%	0.02%	0.01%
UHAL	B	0.01%	0.0%	0.0%
UHAL	B	0.04%	0.02%	0.02%
UHAL	B	0.01%	0.02%	0.01%
UHAL	B	0.04%	0.0%	0.0%
UHS	C	0.07%	0.05%	0.05%
ULTA	D	0.04%	0.01%	0.01%
UNH	C	0.79%	1.97%	0.79%
UNM	B	0.04%	0.04%	0.04%
UNP	D	0.54%	0.31%	0.31%
UPS	D	0.25%	0.37%	0.25%
URI	B	0.09%	0.16%	0.09%
USB	C	0.1%	0.29%	0.1%
USFD	C	0.05%	0.06%	0.05%
UTHR	B	0.18%	0.06%	0.06%
VFC	B	0.02%	0.03%	0.02%
VIRT	C	0.05%	0.01%	0.01%
VLO	F	0.16%	0.17%	0.16%
VLTO	B	0.05%	0.06%	0.05%
VNO	B	0.07%	0.03%	0.03%
VNT	F	0.01%	0.02%	0.01%
VRSN	C	0.04%	0.06%	0.04%
VRTX	D	0.22%	0.24%	0.22%
VTR	C	0.04%	0.1%	0.04%
VTRS	D	0.13%	0.05%	0.05%
VZ	A	1.11%	0.75%	0.75%
WAB	B	0.05%	0.13%	0.05%
WAL	B	0.02%	0.04%	0.02%
WAT	B	0.05%	0.03%	0.03%
WBA	F	0.11%	0.03%	0.03%
WBS	C	0.01%	0.03%	0.01%
WCC	C	0.07%	0.03%	0.03%
WDC	C	0.08%	0.09%	0.08%
WELL	C	0.11%	0.3%	0.11%
WEN	C	0.05%	0.01%	0.01%
WFC	D	0.73%	0.79%	0.73%
WH	B	0.03%	0.02%	0.02%
WHR	C	0.03%	0.02%	0.02%
WMB	C	0.08%	0.22%	0.08%
WMS	D	0.02%	0.03%	0.02%
WMT	B	1.68%	1.37%	1.37%
WOLF	F	0.0%	0.0%	0.0%
WPC	C	0.03%	0.05%	0.03%
WRB	D	0.02%	0.07%	0.02%
WSM	C	0.21%	0.03%	0.03%
WSO	C	0.2%	0.07%	0.07%
WST	D	0.04%	0.04%	0.04%
WTFC	C	0.01%	0.03%	0.01%
WTM	F	0.04%	0.02%	0.02%
WTW	B	0.1%	0.12%	0.1%
WU	C	0.07%	0.01%	0.01%
WWD	C	0.01%	0.04%	0.01%
X	F	0.03%	0.03%	0.03%
XOM	D	0.42%	2.07%	0.42%
XRAY	D	0.03%	0.02%	0.02%
XYL	C	0.12%	0.13%	0.12%
YUM	B	0.12%	0.09%	0.09%
ZBRA	B	0.02%	0.06%	0.02%
ZION	D	0.01%	0.03%	0.01%
ZTS	B	0.06%	0.06%	0.06%

MFUS Overweight 252 Positions Relative to IWD

Symbol	Grade	Weight
LLY	D	2.87%
META	B	2.37%
AVGO	C	1.68%
NVDA	C	1.64%
AMZN	C	1.6%
ORCL	B	1.38%
COST	C	1.36%
MRK	F	1.0%
AAPL	C	0.97%
NFLX	B	0.46%
NOW	C	0.31%
KLAC	D	0.28%
V	C	0.28%
MA	B	0.27%
WM	D	0.26%
ANF	D	0.24%
UBER	C	0.23%
ISRG	C	0.23%
LII	C	0.22%
PANW	D	0.22%
VST	B	0.21%
SFM	B	0.2%
CMG	D	0.2%
LRCX	D	0.19%
VRSK	D	0.17%
DVA	B	0.17%
AMT	C	0.16%
DECK	C	0.15%
MUSA	D	0.15%
BAH	B	0.15%
SMCI	F	0.14%
ANET	C	0.14%
IT	C	0.14%
PLTR	C	0.14%
TSCO	B	0.12%
MCO	C	0.12%
CLX	C	0.12%
BX	C	0.11%
MPWR	B	0.1%
CRS	C	0.1%
GDDY	C	0.1%
AEO	D	0.09%
GPI	B	0.09%
TRGP	C	0.09%
TMHC	B	0.09%
JXN	B	0.09%
EQH	C	0.08%
SLG	C	0.08%
ADSK	B	0.08%
ARES	B	0.08%
NSIT	C	0.07%
UFPI	C	0.07%
MTH	C	0.07%
ROL	C	0.07%
HCC	D	0.07%
BCC	C	0.07%
MLI	B	0.07%
POOL	C	0.07%
CALM	B	0.07%
ABG	D	0.07%
TXRH	B	0.06%
CNX	B	0.06%
ERIE	B	0.06%
TPH	C	0.06%
IDXX	D	0.06%
MMS	B	0.06%
MHO	B	0.05%
URBN	F	0.05%
HBI	A	0.05%
COOP	C	0.05%
LPLA	D	0.05%
LUMN	C	0.05%
TEX	F	0.05%
ATGE	C	0.05%
CBT	B	0.05%
BTU	C	0.05%
KTB	B	0.05%
APP	C	0.05%
SKYW	C	0.05%
FIX	B	0.05%
CMC	D	0.05%
LANC	F	0.04%
KBH	C	0.04%
TDS	B	0.04%
DBRG	D	0.04%
MANH	B	0.04%
CVLT	B	0.04%
TRN	C	0.04%
BDC	B	0.04%
ASO	D	0.04%
ADBE	F	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
HUBG	C	0.04%
MAC	B	0.04%
CPNG	B	0.04%
GATX	D	0.04%
FLEX	B	0.04%
AROC	D	0.04%
TGNA	C	0.04%
HEI	C	0.04%
CRBG	C	0.04%
ABM	D	0.04%
CNO	C	0.04%
FL	F	0.04%
GVA	B	0.04%
SIG	C	0.04%
MOG.A	B	0.04%
BKE	B	0.03%
APAM	C	0.03%
FHI	B	0.03%
PLXS	B	0.03%
THS	C	0.03%
DRH	C	0.03%
STC	C	0.03%
LZB	C	0.03%
UNF	B	0.03%
ADNT	D	0.03%
XPO	D	0.03%
DK	F	0.03%
CPAY	B	0.03%
BKU	D	0.03%
VC	F	0.03%
OI	D	0.03%
GMS	C	0.03%
APLE	C	0.03%
MATX	B	0.03%
BURL	C	0.03%
PRG	C	0.03%
GNW	C	0.03%
MC	C	0.03%
SM	F	0.03%
GBX	D	0.03%
AVA	B	0.03%
MORN	C	0.03%
TPX	B	0.03%
SHOO	B	0.03%
RUSHA	C	0.03%
GEO	F	0.03%
PRIM	B	0.03%
SEM	D	0.03%
SANM	D	0.03%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	C	0.02%
DAN	D	0.02%
DNOW	F	0.02%
ODFL	D	0.02%
VSCO	C	0.02%
HP	F	0.02%
SATS	C	0.02%
LXP	C	0.02%
JBLU	C	0.02%
ODP	F	0.02%
HNI	C	0.02%
APOG	B	0.02%
VSH	F	0.02%
DORM	C	0.02%
ANDE	D	0.02%
OSIS	C	0.02%
NAVI	D	0.02%
LNW	F	0.02%
VVV	D	0.02%
MCY	C	0.02%
YELP	D	0.02%
PMT	C	0.02%
EPC	F	0.02%
NSP	F	0.02%
VSTO	C	0.02%
NTCT	C	0.02%
RLJ	D	0.02%
GHC	B	0.02%
SXT	B	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%
GEF	C	0.02%
PFSI	C	0.02%
ACA	B	0.02%
ORA	B	0.02%
PDCO	F	0.02%
WERN	C	0.02%
PNM	B	0.02%
SCL	D	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
KALU	D	0.01%
ECPG	D	0.01%
GIII	D	0.01%
SSB	C	0.01%
UVV	D	0.01%
ARI	F	0.01%
HTH	D	0.01%
IGT	D	0.01%
WGO	D	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%
IDCC	B	0.01%
SR	B	0.01%
SWX	C	0.01%
SIGI	D	0.01%
WAFD	D	0.01%
SHO	C	0.01%
CENTA	F	0.01%
PECO	C	0.01%
JBGS	C	0.01%
FLR	D	0.01%
WMK	D	0.01%
JELD	D	0.01%
CADE	C	0.01%
ONB	D	0.01%
BRC	B	0.01%
XRX	D	0.01%
FELE	B	0.01%
STRA	F	0.01%
CSGS	C	0.01%
TTMI	D	0.01%
KN	D	0.01%
DY	C	0.01%
CVI	F	0.01%
OMI	D	0.01%
LADR	D	0.01%
NNI	C	0.01%
AMWD	C	0.01%
GOLF	F	0.01%
DEI	B	0.01%
SAH	D	0.01%
IOSP	F	0.01%
TNET	F	0.01%
REZI	D	0.01%
PTEN	F	0.01%
ICUI	C	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
PSMT	B	0.01%
SCS	D	0.01%
ESNT	B	0.01%
LAUR	C	0.01%
SCCO	C	0.0%
NOMD	C	0.0%

MFUS Underweight 305 Positions Relative to IWD

Symbol	Grade	Weight
LIN	B	-0.91%
ABT	C	-0.79%
DIS	D	-0.69%
ETN	C	-0.53%
MDT	B	-0.46%
PLD	C	-0.46%
HON	C	-0.45%
ADI	C	-0.45%
DE	A	-0.41%
SYK	C	-0.37%
AMD	C	-0.34%
EQIX	B	-0.31%
BA	F	-0.3%
EOG	D	-0.29%
FI	B	-0.28%
GEV	B	-0.27%
CRH	B	-0.26%
APD	B	-0.26%
FCX	C	-0.25%
TT	B	-0.23%
FDX	D	-0.23%
MRVL	D	-0.23%
PCAR	D	-0.2%
KVUE	B	-0.18%
PCG	C	-0.17%
ROST	C	-0.16%
AME	C	-0.16%
MCHP	D	-0.16%
ACGL	B	-0.16%
FERG	D	-0.15%
HUM	F	-0.15%
CTSH	B	-0.15%
CRM	C	-0.15%
IQV	D	-0.15%
OXY	F	-0.14%
VICI	C	-0.14%
XEL	B	-0.14%
CSGP	D	-0.13%
EW	F	-0.13%
ON	D	-0.12%
WEC	B	-0.12%
DAL	C	-0.12%
GRMN	D	-0.11%
KEYS	B	-0.11%
STT	B	-0.11%
FTV	C	-0.11%
ROK	D	-0.11%
GPN	D	-0.11%
AWK	C	-0.11%
WY	C	-0.1%
SW	B	-0.1%
VMC	C	-0.1%
FSLR	C	-0.1%
DVN	F	-0.1%
HAL	F	-0.1%
MRNA	F	-0.09%
COO	C	-0.09%
ZBH	F	-0.09%
CBOE	C	-0.09%
AEE	B	-0.09%
RJF	C	-0.09%
APTV	D	-0.08%
GPC	D	-0.08%
EQT	C	-0.08%
TRU	B	-0.08%
TDY	B	-0.08%
WBD	D	-0.08%
LNG	D	-0.08%
ILMN	D	-0.08%
ARE	C	-0.08%
MSTR	C	-0.08%
SWK	B	-0.07%
APO	B	-0.07%
TXT	D	-0.07%
LUV	C	-0.07%
CTRA	F	-0.07%
ZM	C	-0.07%
CNP	C	-0.07%
J	A	-0.07%
LH	D	-0.07%
BG	F	-0.06%
EG	B	-0.06%
TRMB	C	-0.06%
GEN	A	-0.06%
SNA	B	-0.06%
CF	B	-0.06%
RVTY	B	-0.06%
DOC	B	-0.06%
MKL	C	-0.06%
AMCR	B	-0.06%
SWKS	F	-0.06%
RRX	C	-0.05%
NVT	C	-0.05%
TECH	C	-0.05%
CVNA	B	-0.05%
ALLE	B	-0.05%
EL	D	-0.05%
REG	C	-0.05%
HES	F	-0.05%
RNR	B	-0.05%
CZR	C	-0.04%
TWLO	C	-0.04%
SNX	C	-0.04%
ORI	B	-0.04%
PRI	B	-0.04%
EGP	C	-0.04%
APA	F	-0.04%
MTCH	C	-0.04%
FRT	C	-0.04%
GL	D	-0.04%
CNH	C	-0.04%
RIVN	F	-0.04%
WTRG	D	-0.04%
SOLV	D	-0.04%
AFG	C	-0.04%
ALB	D	-0.04%
PFGC	B	-0.04%
FWONK	C	-0.04%
EPAM	F	-0.04%
CHK	C	-0.04%
AFRM	D	-0.04%
NLY	B	-0.04%
CRL	F	-0.04%
Z	C	-0.04%
NTNX	D	-0.04%
LKQ	F	-0.04%
OVV	F	-0.04%
FBIN	B	-0.04%
REXR	C	-0.04%
KMX	D	-0.04%
FLS	C	-0.03%
AZPN	B	-0.03%
LFUS	C	-0.03%
BIO	C	-0.03%
CGNX	F	-0.03%
BPOP	C	-0.03%
STWD	B	-0.03%
MAT	D	-0.03%
AAL	D	-0.03%
OKTA	F	-0.03%
HR	B	-0.03%
RGEN	F	-0.03%
JAZZ	D	-0.03%
ACHC	D	-0.03%
STAG	D	-0.03%
SOFI	D	-0.03%
PR	F	-0.03%
CART	C	-0.03%
SSD	C	-0.03%
SWN	C	-0.03%
ONTO	C	-0.03%
MIDD	C	-0.03%
MOH	D	-0.03%
WYNN	C	-0.03%
PNFP	C	-0.03%
EXAS	D	-0.03%
FMC	B	-0.03%
WEX	C	-0.03%
VOYA	B	-0.03%
BRBR	B	-0.03%
MTZ	C	-0.03%
DAY	D	-0.03%
FND	C	-0.03%
ROKU	D	-0.03%
OGE	B	-0.03%
TKO	A	-0.03%
BRX	C	-0.03%
CHRD	F	-0.03%
CIEN	B	-0.03%
MGM	D	-0.03%
CIVI	F	-0.02%
GFS	F	-0.02%
IAC	C	-0.02%
LITE	B	-0.02%
RH	C	-0.02%
BILL	D	-0.02%
SITE	D	-0.02%
DBX	C	-0.02%
ASH	F	-0.02%
BYD	C	-0.02%
AGO	D	-0.02%
EEFT	F	-0.02%
CUZ	C	-0.02%
FRPT	C	-0.02%
OZK	F	-0.02%
PII	D	-0.02%
DOCS	B	-0.02%
KRC	C	-0.02%
AL	C	-0.02%
SAIA	D	-0.02%
WLK	C	-0.02%
OLED	D	-0.02%
FOX	B	-0.02%
W	C	-0.02%
CCCS	D	-0.02%
LINE	F	-0.02%
ALK	B	-0.02%
ROIV	D	-0.02%
IDA	B	-0.02%
WSC	D	-0.02%
FNB	D	-0.02%
ST	D	-0.02%
COLB	B	-0.02%
VMI	C	-0.02%
SN	B	-0.02%
S	D	-0.02%
MTDR	F	-0.02%
MTSI	C	-0.02%
DAR	F	-0.02%
RITM	D	-0.02%
OLLI	C	-0.02%
GXO	D	-0.02%
AXS	B	-0.02%
SIRI	C	-0.02%
CERT	F	-0.01%
LYFT	D	-0.01%
TRIP	F	-0.01%
UAA	C	-0.01%
INFA	D	-0.01%
UA	C	-0.01%
GO	F	-0.01%
MP	C	-0.01%
BIRK	F	-0.01%
FTRE	F	-0.01%
GLOB	D	-0.01%
REYN	C	-0.01%
AZEK	C	-0.01%
IPGP	D	-0.01%
VSTS	D	-0.01%
ADT	D	-0.01%
HAYW	C	-0.01%
QS	F	-0.01%
LLYVK	B	-0.01%
ETSY	D	-0.01%
BROS	D	-0.01%
YETI	D	-0.01%
HHH	C	-0.01%
BOKF	C	-0.01%
RCM	C	-0.01%
SHC	C	-0.01%
ENOV	F	-0.01%
AGR	C	-0.01%
VAC	D	-0.01%
QDEL	D	-0.01%
AZTA	F	-0.01%
COLM	C	-0.01%
ALGM	D	-0.01%
CLVT	D	-0.01%
CXT	F	-0.01%
FHB	D	-0.01%
TNL	C	-0.01%
CNXC	F	-0.01%
ZG	C	-0.01%
LCID	C	-0.01%
AM	B	-0.01%
NWS	D	-0.01%
IRDM	C	-0.01%
PAYC	D	-0.01%
ZI	D	-0.01%
PENN	D	-0.01%
VNOM	D	-0.01%
PLNT	C	-0.01%
NVST	D	-0.01%
MPW	C	-0.01%
LBTYA	B	-0.01%
U	D	-0.01%
DNB	D	-0.01%
HIW	C	-0.01%
NSA	C	-0.01%
COTY	D	-0.01%
MSGS	B	-0.01%
GTES	C	-0.01%
LBTYK	B	-0.01%
EPR	C	-0.01%
PRGO	F	-0.01%
TPG	C	-0.01%
SEG	F	-0.0%
LOAR	C	-0.0%
PARAA	D	-0.0%
UWMC	D	-0.0%
DJT	F	-0.0%
NFE	F	-0.0%
LAZ	B	-0.0%
GRAL	F	-0.0%
IONS	F	-0.0%
UI	B	-0.0%
PLTK	C	-0.0%
CHH	B	-0.0%
TFSL	D	-0.0%
TXG	D	-0.0%
PATH	D	-0.0%
LBRDA	C	-0.0%
AS	C	-0.0%
LLYVA	B	-0.0%
CAR	D	-0.0%
PYCR	D	-0.0%
NCNO	F	-0.0%
LSCC	D	-0.0%
HCP	A	-0.0%
FIVE	D	-0.0%
ALAB	C	-0.0%
CNA	D	-0.0%
FWONA	C	-0.0%
DV	F	-0.0%
HAS	B	-0.0%