MFUS vs. IWF ETF Comparison

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

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

IWF

iShares Russell 1000 Growth ETF

IWF Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth 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 Growth Index (the "underlying index"), which measures the performance of large- and mid-capitalization growth 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

$373.63

Average Daily Volume

1,223,343

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IWF
30 Days	2.56%	3.10%
60 Days	4.48%	5.75%
90 Days	6.34%	2.65%
12 Months	31.81%	40.98%

223 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IWF	Overlap
AAPL	C	0.97%	12.09%	0.97%
ABBV	B	1.56%	0.54%	0.54%
ADBE	F	0.04%	0.86%	0.04%
ADP	C	0.1%	0.38%	0.1%
ADSK	B	0.08%	0.21%	0.08%
AJG	D	0.14%	0.02%	0.02%
ALGN	D	0.02%	0.04%	0.02%
ALL	C	0.26%	0.03%	0.03%
ALLY	F	0.05%	0.0%	0.0%
ALNY	C	0.07%	0.11%	0.07%
AMAT	D	0.59%	0.55%	0.55%
AMGN	D	1.01%	0.51%	0.51%
AMP	B	0.12%	0.15%	0.12%
AMT	C	0.16%	0.39%	0.16%
AMZN	C	1.6%	6.41%	1.6%
ANET	C	0.14%	0.36%	0.14%
APH	C	0.11%	0.16%	0.11%
APP	C	0.05%	0.12%	0.05%
ARES	B	0.08%	0.1%	0.08%
AVGO	C	1.68%	2.77%	1.68%
AVY	C	0.1%	0.02%	0.02%
AWI	B	0.03%	0.01%	0.01%
AXP	B	0.21%	0.21%	0.21%
AZO	B	0.29%	0.17%	0.17%
BAH	B	0.15%	0.07%	0.07%
BFAM	C	0.03%	0.0%	0.0%
BKNG	B	0.36%	0.47%	0.36%
BLD	C	0.04%	0.0%	0.0%
BLDR	C	0.04%	0.01%	0.01%
BR	C	0.16%	0.08%	0.08%
BRKR	D	0.02%	0.02%	0.02%
BRO	C	0.11%	0.04%	0.04%
BURL	C	0.03%	0.06%	0.03%
BWXT	A	0.09%	0.01%	0.01%
BX	C	0.11%	0.41%	0.11%
CACC	F	0.01%	0.01%	0.01%
CAH	C	0.24%	0.06%	0.06%
CASY	D	0.15%	0.01%	0.01%
CAT	B	0.2%	0.09%	0.09%
CC	D	0.02%	0.0%	0.0%
CDW	D	0.04%	0.06%	0.04%
CE	D	0.04%	0.01%	0.01%
CEG	C	0.13%	0.04%	0.04%
CHE	C	0.06%	0.0%	0.0%
CI	C	0.15%	0.03%	0.03%
CL	C	0.41%	0.17%	0.17%
CLF	F	0.01%	0.01%	0.01%
CLX	C	0.12%	0.07%	0.07%
CMG	D	0.2%	0.29%	0.2%
CNM	F	0.01%	0.02%	0.01%
COIN	F	0.06%	0.1%	0.06%
COST	C	1.36%	1.45%	1.36%
CPAY	B	0.03%	0.08%	0.03%
CPNG	B	0.04%	0.1%	0.04%
CPRT	D	0.08%	0.15%	0.08%
CROX	C	0.02%	0.01%	0.01%
CSL	B	0.02%	0.01%	0.01%
CTAS	C	0.19%	0.24%	0.19%
DASH	B	0.09%	0.15%	0.09%
DECK	C	0.15%	0.08%	0.08%
DELL	C	0.03%	0.02%	0.02%
DKS	D	0.09%	0.0%	0.0%
DPZ	D	0.13%	0.02%	0.02%
DRI	C	0.03%	0.04%	0.03%
DVA	B	0.17%	0.03%	0.03%
ECL	B	0.08%	0.2%	0.08%
EFX	C	0.13%	0.03%	0.03%
ELV	D	0.2%	0.07%	0.07%
EME	B	0.04%	0.03%	0.03%
EQH	C	0.08%	0.05%	0.05%
EXEL	C	0.04%	0.02%	0.02%
EXP	B	0.06%	0.03%	0.03%
EXPD	B	0.09%	0.01%	0.01%
FAST	C	0.11%	0.13%	0.11%
FDS	C	0.04%	0.02%	0.02%
FICO	B	0.21%	0.14%	0.14%
FIX	B	0.05%	0.05%	0.05%
FTNT	B	0.06%	0.14%	0.06%
GDDY	C	0.1%	0.08%	0.08%
GE	C	0.61%	0.16%	0.16%
GEHC	B	0.08%	0.01%	0.01%
GNRC	D	0.05%	0.01%	0.01%
GS	B	0.35%	0.16%	0.16%
GWRE	B	0.02%	0.02%	0.02%
GWW	B	0.19%	0.14%	0.14%
H	B	0.01%	0.0%	0.0%
HCA	B	0.3%	0.07%	0.07%
HD	B	0.6%	1.12%	0.6%
HEI	C	0.04%	0.04%	0.04%
HEI	C	0.04%	0.06%	0.04%
HLI	C	0.07%	0.0%	0.0%
HLT	B	0.09%	0.1%	0.09%
HPQ	C	0.29%	0.03%	0.03%
HRB	C	0.08%	0.01%	0.01%
HSY	D	0.06%	0.01%	0.01%
HWM	B	0.15%	0.01%	0.01%
IDXX	D	0.06%	0.15%	0.06%
INCY	C	0.01%	0.0%	0.0%
IRM	C	0.12%	0.07%	0.07%
ISRG	C	0.23%	0.63%	0.23%
IT	C	0.14%	0.14%	0.14%
ITW	B	0.1%	0.1%	0.1%
JBL	C	0.03%	0.0%	0.0%
JEF	C	0.02%	0.01%	0.01%
JLL	B	0.06%	0.01%	0.01%
KBR	D	0.02%	0.0%	0.0%
KKR	B	0.14%	0.09%	0.09%
KLAC	D	0.28%	0.38%	0.28%
KMB	C	0.18%	0.07%	0.07%
KO	B	1.16%	0.57%	0.57%
LAMR	B	0.05%	0.01%	0.01%
LBRDK	C	0.02%	0.01%	0.01%
LECO	D	0.05%	0.01%	0.01%
LII	C	0.22%	0.07%	0.07%
LLY	D	2.87%	2.83%	2.83%
LMT	A	0.82%	0.14%	0.14%
LNW	F	0.02%	0.04%	0.02%
LOPE	D	0.04%	0.0%	0.0%
LPLA	D	0.05%	0.06%	0.05%
LPX	B	0.08%	0.02%	0.02%
LRCX	D	0.19%	0.37%	0.19%
LW	D	0.03%	0.01%	0.01%
MA	B	0.27%	1.48%	0.27%
MANH	B	0.04%	0.06%	0.04%
MASI	C	0.03%	0.01%	0.01%
MCD	B	0.55%	0.05%	0.05%
MCK	F	0.5%	0.1%	0.1%
MCO	C	0.12%	0.28%	0.12%
META	B	2.37%	4.45%	2.37%
MKSI	F	0.01%	0.0%	0.0%
MLM	D	0.07%	0.01%	0.01%
MMC	C	0.19%	0.06%	0.06%
MMM	B	0.63%	0.05%	0.05%
MNST	D	0.07%	0.11%	0.07%
MORN	C	0.03%	0.03%	0.03%
MPWR	B	0.1%	0.16%	0.1%
MRK	F	1.0%	1.08%	1.0%
MS	B	0.18%	0.03%	0.03%
MSCI	C	0.06%	0.09%	0.06%
MSI	B	0.18%	0.13%	0.13%
MTN	D	0.05%	0.02%	0.02%
MUSA	D	0.15%	0.03%	0.03%
NBIX	F	0.04%	0.04%	0.04%
NFLX	B	0.46%	1.1%	0.46%
NKE	D	0.07%	0.22%	0.07%
NOW	C	0.31%	0.69%	0.31%
NRG	B	0.07%	0.03%	0.03%
NTAP	D	0.1%	0.04%	0.04%
NVDA	C	1.64%	10.19%	1.64%
NXST	D	0.05%	0.01%	0.01%
ODFL	D	0.02%	0.15%	0.02%
ORCL	B	1.38%	0.96%	0.96%
ORLY	B	0.19%	0.22%	0.19%
PANW	D	0.22%	0.37%	0.22%
PAYX	C	0.04%	0.06%	0.04%
PEP	D	0.77%	0.69%	0.69%
PG	C	1.04%	0.33%	0.33%
PGR	C	0.6%	0.46%	0.46%
PLTR	C	0.14%	0.27%	0.14%
POOL	C	0.07%	0.05%	0.05%
PPC	D	0.01%	0.0%	0.0%
PSA	C	0.1%	0.03%	0.03%
PSTG	F	0.04%	0.05%	0.04%
PTC	C	0.04%	0.05%	0.04%
PWR	B	0.11%	0.05%	0.05%
QCOM	D	0.8%	0.66%	0.66%
RCL	B	0.08%	0.05%	0.05%
REGN	D	0.49%	0.04%	0.04%
RLI	B	0.03%	0.0%	0.0%
RMD	C	0.17%	0.04%	0.04%
ROL	C	0.07%	0.05%	0.05%
RPM	B	0.12%	0.01%	0.01%
SAM	D	0.02%	0.0%	0.0%
SBUX	C	0.09%	0.31%	0.09%
SCHW	D	0.04%	0.04%	0.04%
SEE	C	0.06%	0.0%	0.0%
SHW	B	0.22%	0.29%	0.22%
SKX	C	0.02%	0.0%	0.0%
SMCI	F	0.14%	0.08%	0.08%
SPG	B	0.16%	0.05%	0.05%
SPR	D	0.01%	0.0%	0.0%
SQ	D	0.05%	0.06%	0.05%
SYY	C	0.13%	0.08%	0.08%
TDC	D	0.02%	0.01%	0.01%
TDG	B	0.17%	0.06%	0.06%
TER	C	0.04%	0.07%	0.04%
TJX	C	0.38%	0.29%	0.29%
TPX	B	0.03%	0.03%	0.03%
TRGP	C	0.09%	0.12%	0.09%
TSCO	B	0.12%	0.11%	0.11%
TTEK	C	0.02%	0.01%	0.01%
TW	B	0.05%	0.02%	0.02%
TXN	B	0.3%	0.08%	0.08%
TXRH	B	0.06%	0.04%	0.04%
TYL	C	0.08%	0.08%	0.08%
UBER	C	0.23%	0.55%	0.23%
UHAL	B	0.01%	0.01%	0.01%
UHAL	B	0.04%	0.0%	0.0%
UHAL	B	0.01%	0.0%	0.0%
UHAL	B	0.04%	0.01%	0.01%
ULTA	D	0.04%	0.06%	0.04%
UNH	C	0.79%	0.13%	0.13%
UNP	D	0.54%	0.26%	0.26%
URI	B	0.09%	0.05%	0.05%
V	C	0.28%	1.63%	0.28%
VLTO	B	0.05%	0.04%	0.04%
VRSK	D	0.17%	0.14%	0.14%
VRSN	C	0.04%	0.0%	0.0%
VRTX	D	0.22%	0.22%	0.22%
VST	B	0.21%	0.12%	0.12%
VVV	D	0.02%	0.02%	0.02%
WAT	B	0.05%	0.04%	0.04%
WEN	C	0.05%	0.01%	0.01%
WH	B	0.03%	0.0%	0.0%
WM	D	0.26%	0.3%	0.26%
WMS	D	0.02%	0.01%	0.01%
WSM	C	0.21%	0.04%	0.04%
WST	D	0.04%	0.05%	0.04%
WU	C	0.07%	0.0%	0.0%
XPO	D	0.03%	0.05%	0.03%
YUM	B	0.12%	0.05%	0.05%
ZBRA	B	0.02%	0.01%	0.01%
ZTS	B	0.06%	0.26%	0.06%

MFUS Overweight 589 Positions Relative to IWF

Symbol	Grade	Weight
BRK.A	C	2.37%
WMT	B	1.68%
JNJ	C	1.28%
IBM	B	1.14%
VZ	A	1.11%
JPM	D	0.88%
PM	C	0.83%
GILD	B	0.79%
TGT	C	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%
CSCO	B	0.61%
XOM	D	0.42%
BAC	D	0.39%
TMUS	B	0.38%
EBAY	B	0.38%
NOC	B	0.38%
KR	B	0.37%
MPC	F	0.36%
CVX	F	0.36%
BMY	C	0.36%
LOW	B	0.34%
AIG	D	0.34%
TMO	B	0.33%
MET	B	0.32%
GM	C	0.32%
ICE	C	0.3%
THC	C	0.29%
DHR	B	0.28%
SPGI	C	0.27%
MDLZ	C	0.26%
CHTR	D	0.25%
UPS	D	0.25%
ADM	D	0.25%
NEE	B	0.25%
SYF	C	0.24%
GD	C	0.24%
COF	B	0.24%
ANF	D	0.24%
PRU	C	0.23%
RTX	B	0.23%
AON	B	0.23%
BBY	A	0.23%
PSX	F	0.23%
LHX	C	0.23%
ACN	C	0.23%
NEM	C	0.22%
AFL	A	0.22%
BSX	B	0.2%
WSO	C	0.2%
SFM	B	0.2%
TRV	C	0.2%
GIS	B	0.2%
INTC	D	0.19%
GLW	B	0.19%
LYB	D	0.18%
UTHR	B	0.18%
CB	B	0.17%
BK	B	0.17%
BLK	B	0.17%
CMCSA	C	0.16%
VLO	F	0.16%
EA	D	0.16%
KHC	C	0.16%
TSN	D	0.16%
F	F	0.15%
K	A	0.15%
MU	D	0.15%
CHRW	B	0.14%
CME	B	0.14%
DUK	B	0.14%
CMI	B	0.13%
EXR	C	0.13%
RSG	D	0.13%
VTRS	D	0.13%
PH	B	0.13%
SO	B	0.13%
JNPR	A	0.13%
XYL	C	0.12%
BDX	D	0.12%
PNC	C	0.11%
PHM	B	0.11%
DD	B	0.11%
CSX	C	0.11%
LDOS	A	0.11%
EVR	B	0.11%
WBA	F	0.11%
PYPL	B	0.11%
WELL	C	0.11%
AOS	B	0.1%
CW	B	0.1%
NVR	B	0.1%
MTD	C	0.1%
USB	C	0.1%
DG	F	0.1%
WTW	B	0.1%
FOXA	B	0.1%
CRS	C	0.1%
HPE	C	0.1%
JKHY	B	0.1%
DGX	B	0.09%
AEO	D	0.09%
AEP	C	0.09%
OKE	C	0.09%
GPI	B	0.09%
ALSN	B	0.09%
LSTR	D	0.09%
EHC	B	0.09%
KMI	C	0.09%
TMHC	B	0.09%
JXN	B	0.09%
CACI	B	0.09%
ATR	B	0.08%
OTIS	B	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%
CCI	C	0.08%
AIZ	B	0.08%
BALL	C	0.08%
STE	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%
ITT	B	0.08%
GPK	C	0.08%
IR	B	0.08%
WMB	C	0.08%
NUE	D	0.08%
KDP	B	0.08%
NSC	C	0.07%
NSIT	C	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%
AN	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%
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%
D	C	0.07%
UHS	C	0.07%
DHI	C	0.07%
CALM	B	0.07%
SEIC	B	0.07%
ABG	D	0.07%
CNC	D	0.06%
BC	C	0.06%
CNX	B	0.06%
FFIV	B	0.06%
STZ	C	0.06%
L	D	0.06%
HIG	B	0.06%
AMG	C	0.06%
ERIE	B	0.06%
TPH	C	0.06%
ED	B	0.06%
BERY	B	0.06%
JCI	B	0.06%
RGA	C	0.06%
PEG	B	0.06%
PK	D	0.06%
OMC	B	0.06%
CRI	D	0.06%
CPT	C	0.06%
MKC	C	0.06%
MMS	B	0.06%
O	B	0.06%
FCN	C	0.06%
TTWO	D	0.06%
CCK	B	0.06%
SCI	C	0.06%
ROP	C	0.06%
MSM	D	0.06%
INGR	B	0.06%
MAS	B	0.06%
TOL	A	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%
URBN	F	0.05%
PPG	C	0.05%
FANG	F	0.05%
IBKR	B	0.05%
CAG	B	0.05%
HBI	A	0.05%
SLGN	B	0.05%
USFD	C	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%
BAX	C	0.05%
WAB	B	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%
FCNCA	D	0.05%
OGN	D	0.05%
A	C	0.05%
EIX	B	0.05%
GAP	F	0.05%
SKYW	C	0.05%
CARR	B	0.05%
POST	B	0.05%
SUI	C	0.05%
CMC	D	0.05%
SLM	C	0.05%
LANC	F	0.04%
KBH	C	0.04%
TDS	B	0.04%
NYT	B	0.04%
AVTR	C	0.04%
DBRG	D	0.04%
UNM	B	0.04%
BHF	F	0.04%
AVT	B	0.04%
IFF	A	0.04%
PPL	A	0.04%
CVLT	B	0.04%
TRN	C	0.04%
BDC	B	0.04%
WTM	F	0.04%
JHG	B	0.04%
ES	B	0.04%
JWN	C	0.04%
NWSA	D	0.04%
ASO	D	0.04%
EQR	C	0.04%
CLH	C	0.04%
CMA	C	0.04%
CTVA	B	0.04%
COLD	D	0.04%
STLD	C	0.04%
SLVM	C	0.04%
SON	D	0.04%
ELS	D	0.04%
HUBG	C	0.04%
MAC	B	0.04%
AMH	D	0.04%
FITB	B	0.04%
GATX	D	0.04%
FLEX	B	0.04%
INVH	D	0.04%
TKR	C	0.04%
MAR	B	0.04%
FLO	C	0.04%
AROC	D	0.04%
TGNA	C	0.04%
FTI	D	0.04%
CRBG	C	0.04%
SMG	B	0.04%
VTR	C	0.04%
ABM	D	0.04%
CNO	C	0.04%
AGNC	B	0.04%
RS	D	0.04%
KD	F	0.04%
ETR	A	0.04%
OLN	D	0.04%
RGLD	C	0.04%
FL	F	0.04%
EMN	B	0.04%
SRCL	B	0.04%
THG	C	0.04%
DCI	C	0.04%
AR	C	0.04%
GVA	B	0.04%
CRUS	D	0.04%
SJM	C	0.04%
IPG	C	0.04%
SIG	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%
KSS	D	0.03%
THS	C	0.03%
DRH	C	0.03%
LNC	C	0.03%
STC	C	0.03%
MSA	D	0.03%
LZB	C	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	B	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%
FNF	B	0.03%
DLTR	F	0.03%
AKAM	D	0.03%
HBAN	B	0.03%
DK	F	0.03%
SBAC	C	0.03%
BKU	D	0.03%
VC	F	0.03%
DDS	D	0.03%
OI	D	0.03%
GMS	C	0.03%
RL	B	0.03%
COHR	C	0.03%
APLE	C	0.03%
MATX	B	0.03%
UDR	C	0.03%
WPC	C	0.03%
HOOD	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%
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%
HUBB	B	0.03%
MDU	B	0.03%
CMS	B	0.03%
IVZ	B	0.03%
HOLX	D	0.03%
ACM	B	0.03%
BJ	D	0.03%
HSIC	C	0.03%
AMKR	F	0.03%
CFG	D	0.03%
DOX	C	0.03%
SHOO	B	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%
GES	F	0.02%
BHE	C	0.02%
PHIN	C	0.02%
DAN	D	0.02%
CWEN	A	0.02%
AXTA	B	0.02%
LAD	B	0.02%
KIM	C	0.02%
FR	C	0.02%
DNOW	F	0.02%
EVRG	B	0.02%
WAL	B	0.02%
SSNC	C	0.02%
ATO	B	0.02%
APG	F	0.02%
BEN	F	0.02%
NWL	C	0.02%
VSCO	C	0.02%
HP	F	0.02%
VFC	B	0.02%
AES	C	0.02%
SATS	C	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%
CCL	C	0.02%
BXP	C	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
OC	C	0.02%
ESS	C	0.02%
M	F	0.02%
HST	D	0.02%
NAVI	D	0.02%
DTE	A	0.02%
HRL	F	0.02%
MCY	C	0.02%
LNT	A	0.02%
DOV	B	0.02%
YELP	D	0.02%
PMT	C	0.02%
CINF	C	0.02%
EPC	F	0.02%
MAA	C	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%
XHR	B	0.02%
CXW	F	0.02%
PBF	F	0.02%
PVH	D	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%
PINC	D	0.02%
RRC	D	0.02%
FAF	B	0.02%
PAG	D	0.02%
WRB	D	0.02%
ACA	B	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%
AAP	F	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%
KALU	D	0.01%
ACI	F	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%
ARI	F	0.01%
HTH	D	0.01%
IGT	D	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	B	0.01%
ESI	C	0.01%
CFR	C	0.01%
UAL	B	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%
RKT	C	0.01%
UGI	B	0.01%
TPR	A	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%
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%
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%
BBWI	D	0.01%
DY	C	0.01%
CPRI	D	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%
GME	D	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 170 Positions Relative to IWF

Symbol	Grade	Weight
MSFT	C	-11.86%
GOOGL	D	-3.46%
GOOG	D	-2.92%
TSLA	C	-2.46%
CRM	C	-0.77%
INTU	D	-0.65%
AMD	C	-0.61%
CDNS	D	-0.28%
SNPS	F	-0.28%
CRWD	D	-0.22%
ABNB	D	-0.2%
SPOT	C	-0.19%
WDAY	D	-0.19%
TTD	B	-0.18%
APO	B	-0.17%
COR	F	-0.14%
SYK	C	-0.14%
DDOG	D	-0.13%
SNOW	F	-0.13%
LULU	D	-0.12%
VRT	C	-0.12%
FI	B	-0.12%
TT	B	-0.11%
VEEV	C	-0.11%
AXON	B	-0.1%
DXCM	F	-0.1%
RBLX	C	-0.09%
HES	F	-0.09%
NET	D	-0.09%
TEAM	D	-0.09%
HUBS	D	-0.09%
LNG	D	-0.08%
EXPE	C	-0.07%
PINS	D	-0.07%
MDB	D	-0.07%
HON	C	-0.07%
ENPH	D	-0.06%
ZS	F	-0.06%
LYV	A	-0.06%
PODD	C	-0.06%
TPL	C	-0.06%
ENTG	D	-0.06%
DKNG	C	-0.06%
WING	C	-0.05%
MOH	D	-0.05%
DT	C	-0.05%
NTRA	C	-0.05%
BA	F	-0.05%
LVS	C	-0.05%
DUOL	C	-0.04%
CHDN	D	-0.04%
KNSL	D	-0.04%
SRPT	F	-0.04%
ROST	C	-0.04%
DOCU	C	-0.04%
TOST	C	-0.04%
AAON	B	-0.03%
SAIA	D	-0.03%
BSY	C	-0.03%
PCTY	D	-0.03%
VKTX	D	-0.03%
EL	D	-0.03%
PEN	D	-0.03%
TREX	F	-0.03%
EW	F	-0.03%
ITCI	D	-0.03%
NCLH	B	-0.03%
VMC	C	-0.03%
HAS	B	-0.03%
MEDP	F	-0.03%
CAVA	C	-0.03%
OWL	B	-0.03%
PATH	D	-0.02%
FIVE	D	-0.02%
EQIX	B	-0.02%
FND	C	-0.02%
AZEK	C	-0.02%
MKL	C	-0.02%
OLED	D	-0.02%
IQV	D	-0.02%
CFLT	F	-0.02%
APPF	C	-0.02%
EXAS	D	-0.02%
RARE	C	-0.02%
MRVL	D	-0.02%
OKTA	F	-0.02%
FOUR	C	-0.02%
LAZ	B	-0.02%
PAYC	D	-0.02%
FWONK	C	-0.02%
CELH	F	-0.02%
ELF	F	-0.02%
GLOB	D	-0.02%
GTLB	D	-0.02%
IONS	F	-0.02%
ESTC	F	-0.02%
CVNA	B	-0.02%
INSP	D	-0.02%
PCOR	D	-0.02%
LSCC	D	-0.02%
SMAR	A	-0.02%
RYAN	C	-0.02%
WFRD	F	-0.02%
BILL	D	-0.01%
SN	B	-0.01%
DV	F	-0.01%
MSTR	C	-0.01%
ROKU	D	-0.01%
CIVI	F	-0.01%
NCNO	F	-0.01%
TXG	D	-0.01%
PFGC	B	-0.01%
DBX	C	-0.01%
AM	B	-0.01%
PR	F	-0.01%
FIVN	F	-0.01%
FRPT	C	-0.01%
WSC	D	-0.01%
TWLO	C	-0.01%
RNG	F	-0.01%
SITE	D	-0.01%
HCP	A	-0.01%
ONTO	C	-0.01%
U	D	-0.01%
EG	B	-0.01%
FERG	D	-0.01%
ROK	D	-0.01%
PEGA	B	-0.01%
LYFT	D	-0.01%
CHH	B	-0.01%
APLS	F	-0.01%
PLNT	C	-0.01%
NTNX	D	-0.01%
ETSY	D	-0.01%
FTRE	F	-0.0%
ALAB	C	-0.0%
TRIP	F	-0.0%
LBRDA	C	-0.0%
IRDM	C	-0.0%
MSGS	B	-0.0%
NFE	F	-0.0%
DOCS	B	-0.0%
CGNX	F	-0.0%
PYCR	D	-0.0%
MTDR	F	-0.0%
AAL	D	-0.0%
DJT	F	-0.0%
UWMC	D	-0.0%
FWONA	C	-0.0%
WYNN	C	-0.0%
CAR	D	-0.0%
EPAM	F	-0.0%
UI	B	-0.0%
LOAR	C	-0.0%
BPOP	C	-0.0%
SSD	C	-0.0%
WEX	C	-0.0%
KMX	D	-0.0%
S	D	-0.0%
DAY	D	-0.0%
YETI	D	-0.0%
RH	C	-0.0%
RGEN	F	-0.0%
TRU	B	-0.0%
VNOM	D	-0.0%
TPG	C	-0.0%
BROS	D	-0.0%
EQT	C	-0.0%
SOFI	D	-0.0%
TKO	A	-0.0%