MFUS vs. IWP ETF Comparison

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

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

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of 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 Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	IWP
30 Days	2.73%	12.16%
60 Days	3.41%	14.69%
90 Days	5.38%	17.57%
12 Months	32.49%	40.60%

145 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in IWP	Overlap
AJG	B	0.16%	0.14%	0.14%
ALGN	D	0.01%	0.32%	0.01%
ALL	A	0.26%	0.26%	0.26%
ALLY	C	0.05%	0.04%	0.04%
ALNY	D	0.06%	0.86%	0.06%
AMP	A	0.18%	1.68%	0.18%
APP	B	0.13%	2.49%	0.13%
ARES	A	0.09%	1.0%	0.09%
AVY	D	0.09%	0.2%	0.09%
AWI	A	0.04%	0.07%	0.04%
BAH	F	0.14%	0.62%	0.14%
BFAM	D	0.02%	0.03%	0.02%
BLD	D	0.03%	0.03%	0.03%
BLDR	D	0.04%	0.06%	0.04%
BR	A	0.17%	0.8%	0.17%
BRKR	D	0.02%	0.12%	0.02%
BRO	B	0.12%	0.38%	0.12%
BURL	A	0.03%	0.56%	0.03%
BWXT	B	0.11%	0.08%	0.08%
CACC	D	0.01%	0.07%	0.01%
CAH	B	0.27%	0.56%	0.27%
CASY	A	0.17%	0.08%	0.08%
CC	C	0.02%	0.01%	0.01%
CDW	F	0.03%	0.39%	0.03%
CE	F	0.02%	0.07%	0.02%
CHE	D	0.06%	0.03%	0.03%
CLF	F	0.01%	0.06%	0.01%
CLX	B	0.13%	0.68%	0.13%
CNM	D	0.01%	0.17%	0.01%
COIN	C	0.11%	1.65%	0.11%
COR	B	0.17%	1.3%	0.17%
CPAY	A	0.03%	0.81%	0.03%
CPNG	D	0.04%	0.93%	0.04%
CROX	D	0.01%	0.03%	0.01%
CSL	C	0.02%	0.09%	0.02%
DECK	A	0.17%	0.87%	0.17%
DKS	C	0.08%	0.03%	0.03%
DPZ	C	0.13%	0.17%	0.13%
DRI	B	0.03%	0.34%	0.03%
DVA	B	0.17%	0.26%	0.17%
EFX	F	0.1%	0.2%	0.1%
EME	C	0.05%	0.3%	0.05%
EQH	B	0.08%	0.41%	0.08%
EXEL	B	0.05%	0.27%	0.05%
EXP	A	0.07%	0.25%	0.07%
EXPD	D	0.11%	0.09%	0.09%
FAST	B	0.13%	1.29%	0.13%
FDS	B	0.04%	0.21%	0.04%
FICO	B	0.25%	1.48%	0.25%
FIX	A	0.07%	0.51%	0.07%
GDDY	A	0.12%	0.84%	0.12%
GEHC	F	0.07%	0.11%	0.07%
GNRC	B	0.06%	0.17%	0.06%
GWRE	A	0.02%	0.23%	0.02%
GWW	B	0.22%	1.45%	0.22%
H	B	0.01%	0.03%	0.01%
HEI	B	0.04%	0.55%	0.04%
HEI	B	0.04%	0.39%	0.04%
HLI	B	0.08%	0.03%	0.03%
HLT	A	0.1%	1.02%	0.1%
HPQ	B	0.29%	0.28%	0.28%
HRB	D	0.07%	0.05%	0.05%
HSY	F	0.05%	0.11%	0.05%
HWM	A	0.18%	0.09%	0.09%
IDXX	F	0.05%	1.13%	0.05%
INCY	C	0.01%	0.02%	0.01%
IRM	D	0.12%	0.62%	0.12%
IT	C	0.14%	1.29%	0.14%
JBL	B	0.03%	0.04%	0.03%
JEF	A	0.03%	0.12%	0.03%
JLL	D	0.06%	0.13%	0.06%
KBR	F	0.02%	0.02%	0.02%
LAMR	D	0.05%	0.09%	0.05%
LBRDK	C	0.03%	0.08%	0.03%
LECO	B	0.06%	0.1%	0.06%
LII	A	0.22%	0.64%	0.22%
LNW	D	0.02%	0.27%	0.02%
LOPE	B	0.05%	0.05%	0.05%
LPLA	A	0.07%	0.76%	0.07%
LPX	B	0.08%	0.16%	0.08%
LW	C	0.03%	0.11%	0.03%
MANH	D	0.03%	0.54%	0.03%
MASI	A	0.03%	0.12%	0.03%
MKSI	C	0.01%	0.01%	0.01%
MLM	B	0.07%	0.07%	0.07%
MORN	B	0.03%	0.29%	0.03%
MPWR	F	0.06%	0.88%	0.06%
MSCI	C	0.06%	0.86%	0.06%
MTN	C	0.05%	0.18%	0.05%
MUSA	A	0.16%	0.32%	0.16%
NBIX	C	0.04%	0.38%	0.04%
NRG	B	0.08%	0.26%	0.08%
NTAP	C	0.1%	0.35%	0.1%
NXST	C	0.05%	0.06%	0.05%
ODFL	B	0.02%	1.38%	0.02%
PAYX	C	0.04%	0.54%	0.04%
PLTR	B	0.24%	4.32%	0.24%
POOL	C	0.07%	0.44%	0.07%
PPC	C	0.01%	0.01%	0.01%
PSTG	D	0.04%	0.42%	0.04%
PTC	A	0.04%	0.45%	0.04%
PWR	A	0.12%	0.47%	0.12%
RCL	A	0.11%	0.62%	0.11%
RLI	B	0.03%	0.01%	0.01%
RMD	C	0.17%	0.3%	0.17%
ROL	B	0.06%	0.45%	0.06%
RPM	A	0.13%	0.13%	0.13%
SAM	C	0.02%	0.02%	0.02%
SEE	C	0.06%	0.01%	0.01%
SKX	D	0.02%	0.02%	0.02%
SMCI	F	0.08%	0.3%	0.08%
SPG	B	0.17%	0.49%	0.17%
SPR	D	0.01%	0.02%	0.01%
SQ	B	0.07%	0.64%	0.07%
SYY	B	0.12%	0.76%	0.12%
TDC	D	0.02%	0.09%	0.02%
TER	D	0.03%	0.48%	0.03%
TPX	B	0.03%	0.3%	0.03%
TRGP	B	0.11%	1.4%	0.11%
TSCO	D	0.11%	0.97%	0.11%
TTEK	F	0.01%	0.08%	0.01%
TW	A	0.06%	0.19%	0.06%
TXRH	C	0.06%	0.43%	0.06%
TYL	B	0.08%	0.7%	0.08%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.01%	0.09%	0.01%
UHAL	D	0.01%	0.09%	0.01%
UHAL	D	0.01%	0.01%	0.01%
ULTA	F	0.03%	0.49%	0.03%
URI	B	0.09%	0.44%	0.09%
VLTO	D	0.04%	0.37%	0.04%
VRSK	A	0.16%	1.3%	0.16%
VRSN	F	0.04%	0.03%	0.03%
VST	B	0.26%	1.6%	0.26%
VVV	F	0.02%	0.18%	0.02%
WAT	B	0.05%	0.42%	0.05%
WEN	D	0.05%	0.05%	0.05%
WH	B	0.04%	0.02%	0.02%
WMS	D	0.02%	0.11%	0.02%
WSM	B	0.24%	0.32%	0.24%
WST	C	0.04%	0.45%	0.04%
WU	D	0.06%	0.01%	0.01%
XPO	B	0.04%	0.55%	0.04%
YUM	B	0.13%	0.47%	0.13%
ZBRA	B	0.04%	0.14%	0.04%

MFUS Overweight 673 Positions Relative to IWP

Symbol	Grade	Weight
BRK.A	B	2.44%
META	D	2.32%
LLY	F	2.3%
NVDA	C	1.9%
WMT	A	1.77%
AMZN	C	1.65%
ORCL	B	1.56%
AVGO	D	1.54%
COST	B	1.36%
ABBV	D	1.35%
JNJ	D	1.2%
IBM	C	1.09%
PG	A	1.04%
VZ	C	1.03%
KO	D	1.01%
WFC	A	0.99%
JPM	A	0.99%
AAPL	C	0.97%
AMGN	D	0.92%
PM	B	0.89%
GILD	C	0.84%
MRK	F	0.83%
UNH	C	0.81%
T	A	0.75%
LMT	D	0.75%
MO	A	0.74%
QCOM	F	0.73%
PEP	F	0.71%
C	A	0.7%
CSCO	B	0.68%
CVS	D	0.67%
MCK	B	0.64%
HD	A	0.62%
PGR	A	0.59%
TGT	F	0.59%
MMM	D	0.58%
GE	D	0.56%
PFE	D	0.55%
NFLX	A	0.55%
MCD	D	0.52%
AMAT	F	0.5%
UNP	C	0.5%
BAC	A	0.45%
XOM	B	0.43%
TMUS	B	0.43%
BKNG	A	0.42%
BMY	B	0.41%
GS	A	0.4%
CVX	A	0.39%
TJX	A	0.38%
GM	B	0.38%
KR	B	0.37%
EBAY	D	0.36%
CL	D	0.36%
MPC	D	0.35%
LOW	D	0.35%
REGN	F	0.35%
NOC	D	0.35%
NOW	A	0.35%
AIG	B	0.34%
MET	A	0.32%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ICE	C	0.29%
ISRG	A	0.29%
SPGI	C	0.29%
COF	B	0.29%
MA	C	0.28%
AZO	C	0.28%
TXN	C	0.28%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
AON	A	0.25%
PANW	C	0.25%
SFM	A	0.25%
DHR	F	0.24%
ANF	C	0.24%
HCA	F	0.24%
UPS	C	0.24%
ACN	C	0.24%
AXP	A	0.23%
NEE	D	0.23%
ADM	D	0.23%
PRU	A	0.23%
PSX	C	0.23%
GD	F	0.23%
AFL	B	0.22%
KLAC	D	0.22%
RTX	C	0.22%
MDLZ	F	0.22%
MS	A	0.22%
BSX	B	0.21%
VRTX	F	0.21%
SHW	A	0.21%
MSI	B	0.2%
ORLY	B	0.2%
MMC	B	0.2%
GLW	B	0.2%
BBY	D	0.2%
CAT	B	0.2%
TRV	B	0.2%
CMG	B	0.2%
UBER	D	0.2%
EA	A	0.19%
FI	A	0.19%
INTC	D	0.19%
CTAS	B	0.19%
TSN	B	0.18%
WSO	A	0.18%
BK	A	0.18%
UTHR	C	0.18%
BLK	C	0.18%
NEM	D	0.17%
KMB	D	0.17%
GIS	D	0.17%
MU	D	0.16%
CB	C	0.16%
LRCX	F	0.16%
CMCSA	B	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	A	0.15%
K	A	0.15%
LYB	F	0.15%
ELV	F	0.15%
F	C	0.15%
KKR	A	0.15%
CHRW	C	0.14%
AMT	D	0.14%
ANET	C	0.14%
CMI	A	0.14%
CME	A	0.14%
KHC	F	0.14%
MCO	B	0.14%
PH	A	0.14%
EVR	B	0.13%
SO	D	0.13%
BX	A	0.13%
CI	F	0.13%
RSG	A	0.13%
DUK	C	0.13%
PNC	B	0.12%
WELL	A	0.12%
APH	A	0.12%
JNPR	F	0.12%
PYPL	B	0.12%
XYL	D	0.11%
CW	B	0.11%
WTW	B	0.11%
WMB	A	0.11%
ALSN	B	0.11%
LDOS	C	0.11%
CSX	B	0.11%
HPE	B	0.11%
USB	A	0.11%
DASH	A	0.11%
WBA	F	0.11%
FOXA	B	0.11%
CEG	D	0.11%
ADP	B	0.11%
EXR	D	0.11%
KMI	A	0.11%
BDX	F	0.11%
CRS	A	0.11%
PHM	D	0.1%
AYI	B	0.1%
JXN	C	0.1%
DD	D	0.1%
ITW	B	0.1%
OKE	A	0.1%
JKHY	D	0.1%
DFS	B	0.1%
GEN	B	0.1%
PKG	A	0.1%
LSTR	D	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	A	0.09%
AIZ	A	0.09%
EMR	A	0.09%
MLI	C	0.09%
TROW	B	0.09%
DGX	A	0.09%
EHC	B	0.09%
IR	B	0.09%
NVR	D	0.09%
ADSK	A	0.09%
TMHC	B	0.09%
GPI	A	0.09%
CALM	A	0.09%
IP	B	0.09%
DLR	B	0.09%
SBUX	A	0.09%
PSA	D	0.09%
GEO	B	0.08%
TTWO	A	0.08%
ABG	B	0.08%
MTD	D	0.08%
AOS	F	0.08%
ECL	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	D	0.08%
BKR	B	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	C	0.08%
SLG	B	0.08%
DG	F	0.08%
CPRT	A	0.08%
SRE	A	0.08%
SEIC	B	0.08%
TAP	C	0.08%
ITT	A	0.08%
CACI	D	0.08%
UFPI	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
BCC	B	0.07%
EXC	C	0.07%
SCI	B	0.07%
NSC	B	0.07%
COP	C	0.07%
GLPI	C	0.07%
SKYW	B	0.07%
CCI	D	0.07%
AEO	F	0.07%
CHD	B	0.07%
R	B	0.07%
KDP	D	0.07%
VNO	B	0.07%
STE	F	0.07%
BALL	D	0.07%
THO	B	0.07%
MNST	C	0.07%
FTNT	C	0.07%
D	C	0.07%
FIS	C	0.07%
CNX	A	0.07%
OTIS	C	0.07%
NKE	D	0.06%
O	D	0.06%
TPH	D	0.06%
KTB	B	0.06%
HBI	B	0.06%
ED	D	0.06%
MKC	D	0.06%
BFH	B	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
MTH	D	0.06%
MAS	D	0.06%
HIG	B	0.06%
SLM	A	0.06%
CCK	C	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
MSM	C	0.06%
BERY	B	0.06%
BIIB	F	0.06%
AN	C	0.06%
PEG	A	0.06%
AMG	B	0.06%
DHI	D	0.06%
L	A	0.06%
TTC	D	0.06%
ROP	B	0.06%
FCNCA	A	0.06%
RGA	A	0.06%
FFIV	B	0.06%
IBKR	A	0.06%
TOL	B	0.06%
LEN	D	0.06%
URBN	C	0.05%
CNO	A	0.05%
FANG	D	0.05%
NFG	A	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
AROC	B	0.05%
THG	A	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	D	0.05%
GNTX	C	0.05%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	D	0.05%
CBRE	B	0.05%
FLEX	A	0.05%
USFD	A	0.05%
NDAQ	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
POST	C	0.05%
AR	B	0.05%
KD	B	0.05%
EIX	B	0.05%
ANSS	B	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	A	0.05%
WAB	B	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	B	0.05%
STZ	D	0.05%
G	B	0.05%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
ADBE	C	0.04%
FL	F	0.04%
JWN	C	0.04%
CRUS	D	0.04%
EQR	B	0.04%
ESS	B	0.04%
AMH	D	0.04%
CXW	B	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
PPL	B	0.04%
RUSHA	C	0.04%
ELS	C	0.04%
SMG	D	0.04%
OLN	D	0.04%
AGNC	D	0.04%
CTVA	C	0.04%
CFG	B	0.04%
MTB	A	0.04%
FLO	D	0.04%
CAG	D	0.04%
ARW	D	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	C	0.04%
SANM	B	0.04%
OGN	D	0.04%
VTR	C	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
GBX	A	0.04%
SJM	D	0.04%
WTM	A	0.04%
CPB	D	0.04%
BAX	D	0.04%
JHG	A	0.04%
SIG	B	0.04%
MAC	B	0.04%
HUBG	A	0.04%
RGLD	C	0.04%
FITB	A	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	D	0.04%
CNC	D	0.04%
FTI	A	0.04%
PPG	F	0.04%
CRBG	B	0.04%
WERN	C	0.04%
STLD	B	0.04%
DCI	B	0.04%
GATX	A	0.04%
NDSN	B	0.04%
DOV	A	0.04%
UNM	A	0.04%
ABM	B	0.04%
RS	B	0.04%
MAR	B	0.04%
STC	B	0.03%
HAE	C	0.03%
WRB	A	0.03%
SBAC	D	0.03%
GEF	A	0.03%
DRH	B	0.03%
COKE	C	0.03%
KMPR	B	0.03%
VC	D	0.03%
UNF	B	0.03%
LZB	B	0.03%
DK	C	0.03%
RRC	B	0.03%
GMED	A	0.03%
KEY	B	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	A	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	D	0.03%
AVTR	F	0.03%
WPC	D	0.03%
BKE	B	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
OI	C	0.03%
MRO	B	0.03%
OMF	A	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DELL	C	0.03%
DBRG	F	0.03%
CG	A	0.03%
PRG	C	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
COLD	D	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
RL	B	0.03%
X	C	0.03%
AVB	B	0.03%
MATX	C	0.03%
DDS	B	0.03%
GMS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
AVA	A	0.03%
GGG	B	0.03%
BKU	A	0.03%
MC	C	0.03%
DOX	D	0.03%
KBH	D	0.03%
FE	C	0.03%
IVZ	B	0.03%
COHR	B	0.03%
NYT	C	0.03%
CDP	C	0.03%
HBAN	A	0.03%
SM	B	0.03%
HUBB	B	0.03%
ES	D	0.03%
GNW	A	0.03%
BJ	A	0.03%
OSK	B	0.03%
HSIC	B	0.03%
LANC	C	0.03%
LEG	F	0.02%
DTM	B	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	C	0.02%
SSNC	B	0.02%
SF	B	0.02%
GT	C	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
AXTA	A	0.02%
LAUR	A	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	A	0.02%
WBS	A	0.02%
RF	A	0.02%
BEN	C	0.02%
PHIN	A	0.02%
JBLU	F	0.02%
NSP	D	0.02%
ATO	A	0.02%
GME	C	0.02%
ZION	B	0.02%
DOW	F	0.02%
BXP	D	0.02%
SNV	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
HP	B	0.02%
HST	C	0.02%
AA	B	0.02%
DNOW	B	0.02%
LAD	A	0.02%
M	D	0.02%
HNI	B	0.02%
PMT	D	0.02%
HRL	D	0.02%
DTE	C	0.02%
NAVI	C	0.02%
WKC	D	0.02%
PNR	A	0.02%
REZI	A	0.02%
XRAY	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	B	0.02%
AGCO	D	0.02%
OSIS	B	0.02%
PFSI	D	0.02%
NWL	B	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	A	0.02%
RLJ	C	0.02%
THS	D	0.02%
DORM	B	0.02%
NTCT	C	0.02%
XHR	B	0.02%
CTLT	B	0.02%
MDU	D	0.02%
MKTX	D	0.02%
SBH	C	0.02%
PVH	C	0.02%
PBF	D	0.02%
PDCO	D	0.02%
CINF	A	0.02%
PAG	B	0.02%
NI	A	0.02%
HII	D	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
EWBC	A	0.02%
HOG	D	0.02%
MCY	A	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
FAF	A	0.02%
JBHT	C	0.02%
GHC	C	0.02%
TFX	F	0.02%
AKAM	D	0.02%
MSA	D	0.02%
ORA	B	0.02%
DLTR	F	0.02%
NEU	C	0.02%
RYN	D	0.02%
HXL	D	0.02%
MTG	C	0.02%
CCL	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	C	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	B	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	F	0.01%
GIII	D	0.01%
WOR	F	0.01%
ELAN	D	0.01%
ARI	C	0.01%
CNXN	C	0.01%
ECPG	B	0.01%
HTH	B	0.01%
IMKTA	C	0.01%
RDN	C	0.01%
ACI	C	0.01%
SEB	F	0.01%
WGO	C	0.01%
JBGS	D	0.01%
ALEX	C	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SHO	C	0.01%
ARMK	B	0.01%
OUT	A	0.01%
AMED	F	0.01%
PNW	B	0.01%
SR	A	0.01%
CNS	B	0.01%
SSB	B	0.01%
ESI	A	0.01%
KALU	C	0.01%
MOS	F	0.01%
SWX	B	0.01%
CVI	F	0.01%
CENTA	C	0.01%
OMI	F	0.01%
SAIC	F	0.01%
BRC	D	0.01%
PECO	A	0.01%
PB	A	0.01%
SIGI	C	0.01%
ARCH	B	0.01%
SPB	C	0.01%
PFG	D	0.01%
LEA	D	0.01%
WAFD	B	0.01%
DY	D	0.01%
AES	F	0.01%
FDP	B	0.01%
WMK	C	0.01%
DAN	D	0.01%
CFR	B	0.01%
MHK	D	0.01%
FELE	B	0.01%
BBWI	D	0.01%
TPR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
NNN	D	0.01%
DXC	B	0.01%
NNI	D	0.01%
ESNT	D	0.01%
GES	F	0.01%
FLR	B	0.01%
ESAB	B	0.01%
LADR	B	0.01%
ONB	B	0.01%
IDCC	A	0.01%
BMRN	D	0.01%
CBSH	A	0.01%
ICUI	D	0.01%
WWD	B	0.01%
MUR	D	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
BWA	D	0.01%
FHN	A	0.01%
FYBR	D	0.01%
WTFC	A	0.01%
PSMT	C	0.01%
AMWD	C	0.01%
VNT	B	0.01%
CR	A	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SLB	C	0.01%
SCS	C	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	A	0.01%
DEI	B	0.01%
RBC	A	0.01%
HE	C	0.01%
VSH	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 143 Positions Relative to IWP

Symbol	Grade	Weight
TTD	B	-1.7%
AXON	A	-1.41%
VRT	B	-1.41%
DDOG	A	-1.23%
HUBS	A	-1.08%
VEEV	C	-1.03%
DXCM	D	-0.99%
NET	B	-0.88%
HES	B	-0.86%
RBLX	C	-0.85%
TPL	A	-0.83%
LNG	B	-0.81%
EXPE	B	-0.75%
LYV	A	-0.67%
MDB	C	-0.64%
ZS	C	-0.6%
TOST	B	-0.59%
DKNG	B	-0.59%
PODD	C	-0.59%
LVS	C	-0.55%
PINS	D	-0.55%
NTRA	B	-0.54%
DOCU	A	-0.52%
DT	C	-0.5%
ENTG	D	-0.48%
DUOL	A	-0.37%
NCLH	B	-0.37%
OWL	A	-0.37%
CAVA	B	-0.35%
ROST	C	-0.35%
MOH	F	-0.35%
KNSL	B	-0.33%
CHDN	B	-0.32%
SRPT	D	-0.31%
VMC	B	-0.31%
CVNA	B	-0.3%
AAON	B	-0.3%
WING	D	-0.3%
PEN	B	-0.29%
ITCI	C	-0.28%
PCTY	B	-0.28%
ENPH	F	-0.26%
MEDP	D	-0.26%
SAIA	B	-0.26%
HAS	D	-0.25%
RYAN	B	-0.24%
PCOR	B	-0.24%
TREX	C	-0.24%
SMAR	A	-0.24%
ESTC	C	-0.23%
PAYC	B	-0.23%
GTLB	B	-0.23%
CFLT	B	-0.22%
GLOB	B	-0.21%
ELF	C	-0.21%
BSY	D	-0.21%
FWONK	B	-0.2%
LSCC	D	-0.19%
WFRD	D	-0.19%
FOUR	B	-0.19%
LAZ	B	-0.18%
INSP	D	-0.17%
MKL	A	-0.17%
VKTX	F	-0.17%
APPF	B	-0.17%
OKTA	C	-0.17%
NTNX	A	-0.16%
IONS	F	-0.16%
PLNT	A	-0.15%
LYFT	C	-0.15%
CELH	F	-0.15%
AZEK	A	-0.15%
PATH	C	-0.15%
OLED	D	-0.13%
PEGA	A	-0.13%
IQV	D	-0.13%
FND	C	-0.13%
RARE	D	-0.13%
EXAS	D	-0.12%
HCP	B	-0.12%
FIVE	F	-0.12%
ETSY	D	-0.12%
TWLO	A	-0.11%
MSTR	C	-0.11%
CHH	A	-0.11%
RNG	B	-0.1%
ROK	B	-0.1%
EG	C	-0.09%
FERG	B	-0.09%
APLS	D	-0.09%
FIVN	C	-0.09%
U	C	-0.08%
SITE	D	-0.08%
ONTO	D	-0.07%
BROS	B	-0.07%
NCNO	B	-0.07%
PR	B	-0.07%
BILL	A	-0.07%
FRPT	B	-0.07%
SOFI	A	-0.07%
PFGC	B	-0.06%
WSC	D	-0.06%
AM	A	-0.06%
DBX	B	-0.06%
CIVI	D	-0.05%
VNOM	A	-0.05%
DV	C	-0.05%
EQT	B	-0.05%
S	B	-0.04%
DAY	B	-0.04%
TKO	B	-0.04%
ROKU	D	-0.04%
SN	D	-0.04%
TPG	A	-0.04%
LOAR	A	-0.03%
EPAM	C	-0.03%
KMX	B	-0.03%
RH	B	-0.03%
TXG	F	-0.03%
YETI	C	-0.03%
RGEN	D	-0.03%
DJT	C	-0.03%
TRU	D	-0.03%
MTDR	B	-0.02%
UI	A	-0.02%
FWONA	B	-0.02%
CAR	C	-0.02%
AAL	B	-0.02%
WYNN	D	-0.02%
BPOP	B	-0.02%
WEX	D	-0.02%
SSD	D	-0.02%
FTRE	D	-0.01%
NFE	D	-0.01%
IRDM	D	-0.01%
MSGS	A	-0.01%
LBRDA	C	-0.01%
CGNX	C	-0.01%
UWMC	D	-0.01%
DOCS	C	-0.01%
ALAB	B	-0.0%
TRIP	F	-0.0%
PYCR	C	-0.0%