MFUS vs. JMEE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to JPMorgan Market Expansion Enhanced Equity ETF (JMEE)

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

JMEE

JPMorgan Market Expansion Enhanced Equity ETF

JMEE Description

The investment seeks to provide investment results that correspond to or incrementally exceed the total return performance of the S&P 1000 Index that tracks the performance of the small- and mid-capitalization equity markets. Under normal circumstances, the fund will hold at least 80% of its assets in stocks in the index. The index is an index which includes stocks of small- and mid-capitalization companies. The fund may use futures contracts to gain or reduce exposure to its index, maintain liquidity and minimize transaction costs.

Grade (RS Rating)

Last Trade

$65.43

Average Daily Volume

84,852

Number of Holdings ^*

586

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	JMEE
30 Days	2.73%	7.79%
60 Days	3.41%	7.56%
90 Days	5.38%	8.33%
12 Months	32.49%	33.83%

280 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in JMEE	Overlap
	AA	B	0.02%	0.18%	0.02%
	AAP	C	0.01%	0.06%	0.01%
	ABG	B	0.08%	0.15%	0.08%
	ABM	B	0.04%	0.09%	0.04%
	ACA	A	0.03%	0.15%	0.03%
	ACM	A	0.03%	0.59%	0.03%
	ADC	B	0.01%	0.27%	0.01%
	ADNT	F	0.02%	0.04%	0.02%
	AEO	F	0.07%	0.07%	0.07%
	AGCO	D	0.02%	0.28%	0.02%
	ALLY	C	0.05%	0.22%	0.05%
	AMED	F	0.01%	0.2%	0.01%
	AMG	B	0.06%	0.37%	0.06%
	AMH	D	0.04%	0.33%	0.04%
	AN	C	0.06%	0.27%	0.06%
	ANDE	D	0.02%	0.09%	0.02%
	ANF	C	0.25%	0.23%	0.23%
	APLE	B	0.03%	0.03%	0.03%
	APOG	B	0.02%	0.05%	0.02%
	AR	B	0.05%	0.09%	0.05%
	ARCH	B	0.01%	0.04%	0.01%
	ARMK	B	0.01%	0.31%	0.01%
	AROC	B	0.04%	0.09%	0.04%
	ARW	D	0.04%	0.29%	0.04%
	ASO	F	0.03%	0.06%	0.03%
	ATGE	B	0.06%	0.1%	0.06%
	ATI	D	0.04%	0.17%	0.04%
	ATR	B	0.08%	0.24%	0.08%
	AXTA	A	0.02%	0.09%	0.02%
	AYI	B	0.1%	0.29%	0.1%
	BBWI	D	0.01%	0.1%	0.01%
	BC	C	0.06%	0.13%	0.06%
	BCC	B	0.07%	0.25%	0.07%
	BDC	B	0.04%	0.14%	0.04%
	BERY	B	0.06%	0.38%	0.06%
	BHF	B	0.04%	0.18%	0.04%
	BJ	A	0.03%	0.3%	0.03%
	BKE	B	0.03%	0.09%	0.03%
	BKU	A	0.03%	0.14%	0.03%
	BLD	D	0.03%	0.29%	0.03%
	BRC	D	0.01%	0.32%	0.01%
	BRKR	D	0.02%	0.14%	0.02%
	BURL	A	0.03%	0.3%	0.03%
	BWXT	B	0.11%	0.26%	0.11%
	CACI	D	0.09%	0.61%	0.09%
	CADE	B	0.01%	0.16%	0.01%
	CALM	A	0.09%	0.11%	0.09%
	CASY	A	0.16%	0.48%	0.16%
	CBSH	A	0.01%	0.21%	0.01%
	CBT	C	0.05%	0.3%	0.05%
	CC	C	0.02%	0.11%	0.02%
	CCK	C	0.06%	0.25%	0.06%
	CDP	C	0.03%	0.25%	0.03%
	CENTA	C	0.01%	0.03%	0.01%
	CFR	B	0.01%	0.33%	0.01%
	CG	A	0.03%	0.25%	0.03%
	CHE	D	0.06%	0.25%	0.06%
	CLF	F	0.01%	0.08%	0.01%
	CLH	B	0.04%	0.53%	0.04%
	CMA	A	0.04%	0.16%	0.04%
	CMC	B	0.06%	0.26%	0.06%
	CNM	D	0.01%	0.14%	0.01%
	CNO	A	0.05%	0.18%	0.05%
	CNX	A	0.07%	0.09%	0.07%
	COHR	B	0.03%	0.71%	0.03%
	COKE	C	0.03%	0.17%	0.03%
	COOP	B	0.05%	0.29%	0.05%
	CPRI	F	0.01%	0.04%	0.01%
	CR	A	0.01%	0.21%	0.01%
	CROX	D	0.01%	0.17%	0.01%
	CRS	A	0.11%	0.08%	0.08%
	CSL	C	0.02%	0.65%	0.02%
	CUBE	D	0.04%	0.38%	0.04%
	CW	B	0.11%	0.05%	0.05%
	CWEN	C	0.01%	0.07%	0.01%
	CXW	B	0.04%	0.07%	0.04%
	DAN	D	0.01%	0.03%	0.01%
	DCI	B	0.04%	0.43%	0.04%
	DINO	D	0.01%	0.19%	0.01%
	DKS	C	0.08%	0.34%	0.08%
	DNOW	B	0.02%	0.14%	0.02%
	DORM	B	0.02%	0.1%	0.02%
	DTM	B	0.01%	0.15%	0.01%
	DY	D	0.01%	0.12%	0.01%
	EHC	B	0.09%	0.58%	0.09%
	ELS	C	0.04%	0.23%	0.04%
	EME	C	0.04%	0.85%	0.04%
	EPC	D	0.02%	0.05%	0.02%
	EQH	B	0.08%	0.34%	0.08%
	ESAB	B	0.01%	0.15%	0.01%
	ESNT	D	0.01%	0.3%	0.01%
	EVR	B	0.13%	0.17%	0.13%
	EWBC	A	0.02%	0.62%	0.02%
	EXEL	B	0.05%	0.81%	0.05%
	EXP	A	0.07%	0.22%	0.07%
	FAF	A	0.02%	0.15%	0.02%
	FCN	D	0.05%	0.15%	0.05%
	FDP	B	0.01%	0.03%	0.01%
	FELE	B	0.01%	0.34%	0.01%
	FHI	A	0.03%	0.21%	0.03%
	FHN	A	0.01%	0.45%	0.01%
	FIX	A	0.06%	0.45%	0.06%
	FL	F	0.04%	0.04%	0.04%
	FLO	D	0.04%	0.13%	0.04%
	FLR	B	0.01%	0.2%	0.01%
	FNF	B	0.03%	0.33%	0.03%
	FR	C	0.01%	0.37%	0.01%
	FYBR	D	0.01%	0.19%	0.01%
	G	B	0.06%	0.43%	0.06%
	GAP	C	0.06%	0.11%	0.06%
	GEF	A	0.02%	0.09%	0.02%
	GEO	B	0.07%	0.09%	0.07%
	GES	F	0.01%	0.01%	0.01%
	GGG	B	0.03%	0.41%	0.03%
	GHC	C	0.02%	0.02%	0.02%
	GIII	D	0.01%	0.01%	0.01%
	GLPI	C	0.07%	0.24%	0.07%
	GME	C	0.02%	0.13%	0.02%
	GMED	A	0.03%	0.45%	0.03%
	GMS	B	0.03%	0.16%	0.03%
	GNTX	C	0.05%	0.11%	0.05%
	GNW	A	0.03%	0.08%	0.03%
	GPI	A	0.09%	0.16%	0.09%
	GT	C	0.02%	0.04%	0.02%
	GVA	A	0.05%	0.06%	0.05%
	H	B	0.01%	0.12%	0.01%
	HAE	C	0.03%	0.27%	0.03%
	HBI	B	0.05%	0.02%	0.02%
	HCC	B	0.07%	0.15%	0.07%
	HOG	D	0.02%	0.09%	0.02%
	HP	B	0.02%	0.06%	0.02%
	HRB	D	0.08%	0.24%	0.08%
	HTH	B	0.01%	0.14%	0.01%
	HUBG	A	0.04%	0.08%	0.04%
	HXL	D	0.03%	0.13%	0.03%
	IBKR	A	0.06%	0.39%	0.06%
	IDCC	A	0.01%	0.16%	0.01%
	INGR	B	0.07%	0.33%	0.07%
	IOSP	B	0.02%	0.07%	0.02%
	ITT	A	0.08%	0.31%	0.08%
	JEF	A	0.03%	0.38%	0.03%
	JHG	A	0.04%	0.23%	0.04%
	JLL	D	0.06%	0.43%	0.06%
	JWN	C	0.04%	0.05%	0.04%
	JXN	C	0.1%	0.16%	0.1%
	KBH	D	0.03%	0.15%	0.03%
	KBR	F	0.02%	0.21%	0.02%
	KEX	C	0.02%	0.21%	0.02%
	KMPR	B	0.03%	0.1%	0.03%
	KNX	B	0.01%	0.3%	0.01%
	KSS	F	0.02%	0.03%	0.02%
	KTB	B	0.06%	0.08%	0.06%
	LAD	A	0.02%	0.25%	0.02%
	LAMR	D	0.05%	0.28%	0.05%
	LECO	B	0.06%	0.24%	0.06%
	LEG	F	0.02%	0.04%	0.02%
	LII	A	0.21%	0.45%	0.21%
	LNW	D	0.02%	0.23%	0.02%
	LOPE	B	0.05%	0.13%	0.05%
	LPX	B	0.08%	0.24%	0.08%
	LSTR	D	0.09%	0.16%	0.09%
	LUMN	C	0.06%	0.14%	0.06%
	LXP	D	0.02%	0.22%	0.02%
	M	D	0.02%	0.07%	0.02%
	MAC	B	0.04%	0.04%	0.04%
	MAN	D	0.03%	0.16%	0.03%
	MANH	D	0.03%	0.49%	0.03%
	MASI	A	0.03%	0.41%	0.03%
	MATX	C	0.03%	0.23%	0.03%
	MDU	D	0.02%	0.1%	0.02%
	MHO	D	0.04%	0.11%	0.04%
	MKSI	C	0.01%	0.16%	0.01%
	MLI	C	0.09%	0.49%	0.09%
	MLKN	D	0.01%	0.05%	0.01%
	MMS	F	0.05%	0.14%	0.05%
	MORN	B	0.03%	0.16%	0.03%
	MSM	C	0.06%	0.11%	0.06%
	MTG	C	0.02%	0.34%	0.02%
	MTH	D	0.06%	0.19%	0.06%
	MTN	C	0.05%	0.13%	0.05%
	MUR	D	0.01%	0.13%	0.01%
	MUSA	A	0.16%	0.32%	0.16%
	NBIX	C	0.04%	0.34%	0.04%
	NNN	D	0.01%	0.18%	0.01%
	NOV	C	0.01%	0.17%	0.01%
	NSP	D	0.02%	0.06%	0.02%
	NWL	B	0.02%	0.09%	0.02%
	NYT	C	0.03%	0.24%	0.03%
	OC	A	0.02%	0.53%	0.02%
	ODP	F	0.02%	0.01%	0.01%
	OHI	C	0.02%	0.19%	0.02%
	OI	C	0.03%	0.05%	0.03%
	ONB	B	0.01%	0.27%	0.01%
	OSK	B	0.04%	0.18%	0.04%
	PAG	B	0.02%	0.17%	0.02%
	PB	A	0.01%	0.22%	0.01%
	PBF	D	0.02%	0.07%	0.02%
	PHIN	A	0.02%	0.18%	0.02%
	PK	B	0.06%	0.06%	0.06%
	POST	C	0.05%	0.22%	0.05%
	PPC	C	0.01%	0.06%	0.01%
	PSMT	C	0.01%	0.05%	0.01%
	PSTG	D	0.04%	0.58%	0.04%
	PTEN	C	0.01%	0.09%	0.01%
	PVH	C	0.02%	0.18%	0.02%
	R	B	0.07%	0.22%	0.07%
	RBC	A	0.01%	0.23%	0.01%
	RDN	C	0.01%	0.14%	0.01%
	REZI	A	0.02%	0.1%	0.02%
	RGA	A	0.06%	0.55%	0.06%
	RGLD	C	0.04%	0.06%	0.04%
	RLI	B	0.03%	0.27%	0.03%
	RPM	A	0.13%	0.34%	0.13%
	RRC	B	0.03%	0.29%	0.03%
	RS	B	0.04%	0.61%	0.04%
	RUSHA	C	0.04%	0.07%	0.04%
	RYN	D	0.02%	0.09%	0.02%
	SAH	A	0.02%	0.02%	0.02%
	SAIC	F	0.01%	0.17%	0.01%
	SCI	B	0.07%	0.28%	0.07%
	SEIC	B	0.09%	0.26%	0.09%
	SF	B	0.02%	0.27%	0.02%
	SFM	A	0.25%	0.49%	0.25%
	SHOO	D	0.03%	0.12%	0.03%
	SIG	B	0.04%	0.08%	0.04%
	SKX	D	0.02%	0.29%	0.02%
	SKYW	B	0.07%	0.12%	0.07%
	SLG	B	0.08%	0.11%	0.08%
	SLGN	A	0.05%	0.11%	0.05%
	SLM	A	0.06%	0.34%	0.06%
	SM	B	0.03%	0.33%	0.03%
	SMG	D	0.04%	0.07%	0.04%
	SNV	B	0.02%	0.27%	0.02%
	SON	D	0.04%	0.27%	0.04%
	SR	A	0.01%	0.05%	0.01%
	STRA	C	0.01%	0.06%	0.01%
	SWX	B	0.01%	0.03%	0.01%
	SXT	B	0.02%	0.06%	0.02%
	TDC	D	0.01%	0.08%	0.01%
	TDS	B	0.05%	0.07%	0.05%
	TEX	D	0.05%	0.1%	0.05%
	THC	D	0.28%	0.68%	0.28%
	THO	B	0.07%	0.14%	0.07%
	THS	D	0.02%	0.04%	0.02%
	TKR	D	0.04%	0.19%	0.04%
	TMHC	B	0.09%	0.14%	0.09%
	TOL	B	0.06%	0.46%	0.06%
	TPH	D	0.06%	0.13%	0.06%
	TPX	B	0.03%	0.22%	0.03%
	TTC	D	0.06%	0.12%	0.06%
	TTEK	F	0.01%	0.29%	0.01%
	TXRH	C	0.06%	0.5%	0.06%
	UFPI	B	0.07%	0.39%	0.07%
	UGI	A	0.01%	0.18%	0.01%
	UNM	A	0.04%	0.55%	0.04%
	USFD	A	0.05%	0.36%	0.05%
	UTHR	C	0.19%	1.02%	0.19%
	VFC	C	0.02%	0.21%	0.02%
	VIRT	B	0.06%	0.12%	0.06%
	VNT	B	0.01%	0.1%	0.01%
	VSCO	B	0.02%	0.13%	0.02%
	VVV	F	0.02%	0.2%	0.02%
	WAFD	B	0.01%	0.11%	0.01%
	WAL	B	0.02%	0.23%	0.02%
	WBS	A	0.02%	0.44%	0.02%
	WCC	B	0.09%	0.23%	0.09%
	WGO	C	0.01%	0.04%	0.01%
	WKC	D	0.02%	0.05%	0.02%
	WMS	D	0.02%	0.23%	0.02%
	WOLF	F	0.0%	0.01%	0.0%
	WPC	D	0.03%	0.06%	0.03%
	WSM	B	0.18%	0.3%	0.18%
	WSO	A	0.17%	0.47%	0.17%
	WTFC	A	0.01%	0.2%	0.01%
	WU	D	0.06%	0.08%	0.06%
	WWD	B	0.01%	0.08%	0.01%
	X	C	0.03%	0.15%	0.03%
	XHR	B	0.02%	0.08%	0.02%
	XPO	B	0.04%	0.41%	0.04%
	YELP	C	0.02%	0.07%	0.02%

MFUS Overweight 535 Positions Relative to JMEE

	Symbol	Grade	Weight
	BRK.A	B	2.42%
	LLY	F	2.39%
	META	D	2.35%
	NVDA	C	1.9%
	WMT	A	1.71%
	AMZN	C	1.71%
	AVGO	D	1.59%
	ORCL	B	1.52%
	ABBV	D	1.36%
	COST	B	1.35%
	JNJ	D	1.18%
	IBM	C	1.05%
	PG	A	1.01%
	VZ	C	1.0%
	KO	D	1.0%
	JPM	A	0.99%
	WFC	A	0.97%
	AAPL	C	0.96%
	AMGN	D	0.94%
	GILD	C	0.87%
	PM	B	0.87%
	MRK	F	0.84%
	UNH	C	0.79%
	QCOM	F	0.77%
	LMT	D	0.75%
	PEP	F	0.74%
	TGT	F	0.74%
	MO	A	0.73%
	T	A	0.73%
	C	A	0.69%
	CSCO	B	0.68%
	CVS	D	0.65%
	MCK	B	0.63%
	HD	A	0.62%
	MMM	D	0.6%
	PGR	A	0.59%
	PFE	D	0.57%
	GE	D	0.56%
	AMAT	F	0.55%
	MCD	D	0.53%
	NFLX	A	0.52%
	UNP	C	0.51%
	BAC	A	0.45%
	XOM	B	0.43%
	TMUS	B	0.43%
	BKNG	A	0.42%
	GS	A	0.41%
	BMY	B	0.41%
	GM	B	0.4%
	CVX	A	0.39%
	KR	B	0.38%
	TJX	A	0.37%
	NOW	A	0.36%
	EBAY	D	0.36%
	REGN	F	0.36%
	CL	D	0.35%
	LOW	D	0.35%
	NOC	D	0.35%
	MPC	D	0.34%
	AIG	B	0.34%
	MET	A	0.32%
	V	A	0.31%
	SYF	B	0.31%
	CHTR	C	0.3%
	ISRG	A	0.29%
	ICE	C	0.29%
	TXN	C	0.29%
	COF	B	0.29%
	SPGI	C	0.29%
	WM	A	0.28%
	MA	C	0.28%
	HPQ	B	0.28%
	TMO	F	0.28%
	AZO	C	0.28%
	CAH	B	0.27%
	LHX	C	0.26%
	ALL	A	0.26%
	FICO	B	0.25%
	ACN	C	0.25%
	PANW	C	0.25%
	HCA	F	0.25%
	DHR	F	0.24%
	GD	F	0.24%
	UPS	C	0.24%
	AON	A	0.24%
	KLAC	D	0.23%
	AXP	A	0.23%
	MDLZ	F	0.23%
	PLTR	B	0.23%
	PSX	C	0.23%
	PRU	A	0.23%
	VST	B	0.23%
	RTX	C	0.22%
	SHW	A	0.22%
	NEE	D	0.22%
	ADM	D	0.22%
	MS	A	0.22%
	VRTX	F	0.22%
	UBER	D	0.21%
	BBY	D	0.21%
	AFL	B	0.21%
	GWW	B	0.21%
	MSI	B	0.2%
	MMC	B	0.2%
	GLW	B	0.2%
	INTC	D	0.2%
	TRV	B	0.2%
	BSX	B	0.2%
	ORLY	B	0.2%
	CAT	B	0.2%
	CMG	B	0.2%
	FI	A	0.19%
	BLK	C	0.19%
	CTAS	B	0.19%
	TSN	B	0.18%
	BK	A	0.18%
	AMP	A	0.18%
	EA	A	0.18%
	DECK	A	0.17%
	HWM	A	0.17%
	COR	B	0.17%
	BR	A	0.17%
	LRCX	F	0.17%
	GIS	D	0.17%
	ELV	F	0.16%
	NEM	D	0.16%
	MU	D	0.16%
	AJG	B	0.16%
	RMD	C	0.16%
	F	C	0.16%
	DVA	B	0.16%
	CB	C	0.16%
	VLO	C	0.16%
	KMB	D	0.16%
	SPG	B	0.16%
	CMCSA	B	0.16%
	VRSK	A	0.16%
	TDG	D	0.15%
	MCO	B	0.15%
	BAH	F	0.15%
	KHC	F	0.15%
	IT	C	0.15%
	K	A	0.15%
	LYB	F	0.15%
	KKR	A	0.15%
	CME	A	0.14%
	CHRW	C	0.14%
	ANET	C	0.14%
	CMI	A	0.14%
	VTRS	A	0.14%
	PH	A	0.14%
	BX	A	0.13%
	SO	D	0.13%
	DPZ	C	0.13%
	FAST	B	0.13%
	DUK	C	0.13%
	JNPR	F	0.13%
	RSG	A	0.13%
	AMT	D	0.13%
	CI	F	0.13%
	YUM	B	0.13%
	IRM	D	0.12%
	WELL	A	0.12%
	WBA	F	0.12%
	PNC	B	0.12%
	BRO	B	0.12%
	GDDY	A	0.12%
	PWR	A	0.12%
	SYY	B	0.12%
	PYPL	B	0.12%
	APH	A	0.12%
	CLX	B	0.12%
	GEN	B	0.11%
	CEG	D	0.11%
	KMI	A	0.11%
	TRGP	B	0.11%
	EXPD	D	0.11%
	USB	A	0.11%
	WTW	B	0.11%
	HPE	B	0.11%
	DASH	A	0.11%
	ALSN	B	0.11%
	EFX	F	0.11%
	EXR	D	0.11%
	CSX	B	0.11%
	TSCO	D	0.11%
	APP	B	0.11%
	LDOS	C	0.11%
	ADP	B	0.11%
	FOXA	B	0.11%
	BDX	F	0.11%
	PHM	D	0.1%
	OKE	A	0.1%
	COIN	C	0.1%
	NTAP	C	0.1%
	HLT	A	0.1%
	PKG	A	0.1%
	WMB	A	0.1%
	DD	D	0.1%
	ITW	B	0.1%
	JKHY	D	0.1%
	RCL	A	0.1%
	DFS	B	0.1%
	XYL	D	0.1%
	AIZ	A	0.09%
	TFC	A	0.09%
	DGX	A	0.09%
	CPRT	A	0.09%
	TAP	C	0.09%
	EMR	A	0.09%
	IEX	B	0.09%
	DG	F	0.09%
	ARES	A	0.09%
	IR	B	0.09%
	DLR	B	0.09%
	TROW	B	0.09%
	ADSK	A	0.09%
	IP	B	0.09%
	NVR	D	0.09%
	URI	B	0.09%
	AVY	D	0.09%
	PSA	D	0.09%
	SBUX	A	0.09%
	BKR	B	0.08%
	AEP	D	0.08%
	WDC	D	0.08%
	AOS	F	0.08%
	ECL	D	0.08%
	SRE	A	0.08%
	NUE	C	0.08%
	GPK	C	0.08%
	TYL	B	0.08%
	MTD	D	0.08%
	HLI	B	0.08%
	BIIB	F	0.07%
	ROL	B	0.07%
	MSCI	C	0.07%
	EXC	C	0.07%
	LPLA	A	0.07%
	JCI	C	0.07%
	CHD	B	0.07%
	CCI	D	0.07%
	COP	C	0.07%
	POOL	C	0.07%
	NSC	B	0.07%
	D	C	0.07%
	MLM	B	0.07%
	GEHC	F	0.07%
	VNO	B	0.07%
	NRG	B	0.07%
	FTNT	C	0.07%
	BALL	D	0.07%
	KDP	D	0.07%
	STE	F	0.07%
	OTIS	C	0.07%
	TTWO	A	0.07%
	MNST	C	0.07%
	FIS	C	0.07%
	STZ	D	0.06%
	TW	A	0.06%
	SEE	C	0.06%
	BFH	B	0.06%
	NKE	D	0.06%
	HIG	B	0.06%
	GNRC	B	0.06%
	CPT	B	0.06%
	MPWR	F	0.06%
	UHS	D	0.06%
	FCNCA	A	0.06%
	PEG	A	0.06%
	MAS	D	0.06%
	SQ	B	0.06%
	L	A	0.06%
	DHI	D	0.06%
	FFIV	B	0.06%
	OMC	C	0.06%
	ROP	B	0.06%
	ALNY	D	0.06%
	LEN	D	0.06%
	NFG	A	0.05%
	PRIM	A	0.05%
	FANG	D	0.05%
	FLEX	A	0.05%
	THG	A	0.05%
	ETR	B	0.05%
	NSIT	F	0.05%
	URBN	C	0.05%
	MOG.A	B	0.05%
	SUI	D	0.05%
	TGNA	B	0.05%
	A	D	0.05%
	WST	C	0.05%
	NDAQ	A	0.05%
	CBRE	B	0.05%
	CARR	D	0.05%
	CRI	D	0.05%
	EIX	B	0.05%
	SCHW	B	0.05%
	ZTS	D	0.05%
	KD	B	0.05%
	IDXX	F	0.05%
	NXST	C	0.05%
	ANSS	B	0.05%
	WEN	D	0.05%
	WAB	B	0.05%
	HSY	F	0.05%
	WAT	B	0.05%
	SMCI	F	0.05%
	BTU	B	0.05%
	ED	D	0.05%
	O	D	0.05%
	MKC	D	0.05%
	AVT	C	0.04%
	LANC	C	0.04%
	EQR	B	0.04%
	PPL	B	0.04%
	AWI	A	0.04%
	SEM	B	0.04%
	CRUS	D	0.04%
	ESS	B	0.04%
	INVH	D	0.04%
	CTVA	C	0.04%
	AGNC	D	0.04%
	SLVM	B	0.04%
	ADBE	C	0.04%
	WH	B	0.04%
	MTB	A	0.04%
	ULTA	F	0.04%
	EMN	D	0.04%
	OLN	D	0.04%
	CFG	B	0.04%
	PAYX	C	0.04%
	CAG	D	0.04%
	CPNG	D	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	VTR	C	0.04%
	BLDR	D	0.04%
	CVLT	B	0.04%
	FDS	B	0.04%
	VRSN	F	0.04%
	BAX	D	0.04%
	NWSA	B	0.04%
	SJM	D	0.04%
	WTM	A	0.04%
	PTC	A	0.04%
	OGN	D	0.04%
	IPG	D	0.04%
	STLD	B	0.04%
	CPB	D	0.04%
	GBX	A	0.04%
	HEI	B	0.04%
	FTI	A	0.04%
	VLTO	D	0.04%
	CNC	D	0.04%
	ZBRA	B	0.04%
	GATX	A	0.04%
	CRBG	B	0.04%
	FITB	A	0.04%
	HOOD	B	0.04%
	PPG	F	0.04%
	NDSN	B	0.04%
	ERIE	D	0.04%
	WERN	C	0.04%
	DOV	A	0.04%
	MAR	B	0.04%
	SBAC	D	0.03%
	DLTR	F	0.03%
	DRH	B	0.03%
	PNM	F	0.03%
	LZB	B	0.03%
	KEY	B	0.03%
	UNF	B	0.03%
	PINC	B	0.03%
	APAM	B	0.03%
	VC	D	0.03%
	DK	C	0.03%
	AMKR	D	0.03%
	COLD	D	0.03%
	LBRDK	C	0.03%
	DRI	B	0.03%
	MRO	B	0.03%
	LNC	B	0.03%
	AVTR	F	0.03%
	OMF	A	0.03%
	RPRX	D	0.03%
	NTRS	A	0.03%
	TER	D	0.03%
	DELL	C	0.03%
	UDR	B	0.03%
	PLXS	B	0.03%
	CDW	F	0.03%
	WHR	B	0.03%
	PRG	C	0.03%
	IFF	D	0.03%
	JBL	B	0.03%
	AVB	B	0.03%
	AVA	A	0.03%
	DBRG	F	0.03%
	CMS	C	0.03%
	LW	C	0.03%
	HSIC	B	0.03%
	HOLX	D	0.03%
	RL	B	0.03%
	FE	C	0.03%
	DDS	B	0.03%
	DOX	D	0.03%
	HBAN	A	0.03%
	IVZ	B	0.03%
	HUBB	B	0.03%
	CPAY	A	0.03%
	MC	C	0.03%
	ES	D	0.03%
	TTMI	B	0.02%
	VSH	D	0.02%
	SSNC	B	0.02%
	EVRG	A	0.02%
	LAUR	A	0.02%
	UAL	A	0.02%
	KIM	A	0.02%
	BHE	B	0.02%
	ATO	A	0.02%
	BEN	C	0.02%
	RF	A	0.02%
	BXP	D	0.02%
	ZION	B	0.02%
	APG	B	0.02%
	DOW	F	0.02%
	ODFL	B	0.02%
	HST	C	0.02%
	DTE	C	0.02%
	PMT	D	0.02%
	HNI	B	0.02%
	XRAY	F	0.02%
	HRL	D	0.02%
	SNDR	B	0.02%
	OSIS	B	0.02%
	NAVI	C	0.02%
	PNR	A	0.02%
	MAA	B	0.02%
	LNT	A	0.02%
	JBLU	F	0.02%
	PFSI	D	0.02%
	RHI	B	0.02%
	DLB	B	0.02%
	RLJ	C	0.02%
	GWRE	A	0.02%
	SAM	C	0.02%
	CTLT	B	0.02%
	PSN	D	0.02%
	NI	A	0.02%
	PDCO	D	0.02%
	MKTX	D	0.02%
	CINF	A	0.02%
	NTCT	C	0.02%
	MCY	A	0.02%
	AIR	B	0.02%
	CE	F	0.02%
	SBH	C	0.02%
	HII	D	0.02%
	BFAM	D	0.02%
	VSTO	A	0.02%
	CCL	B	0.02%
	AKAM	D	0.02%
	JBHT	C	0.02%
	ORA	B	0.02%
	TFX	F	0.02%
	MSA	D	0.02%
	WRB	A	0.02%
	NEU	C	0.02%
	STC	B	0.02%
	SVC	F	0.01%
	QRVO	F	0.01%
	RKT	F	0.01%
	UHAL	D	0.01%
	JELD	F	0.01%
	SCL	C	0.01%
	IGT	F	0.01%
	CACC	D	0.01%
	PARA	C	0.01%
	RVTY	F	0.01%
	ARI	C	0.01%
	WOR	F	0.01%
	ELAN	D	0.01%
	CNXN	C	0.01%
	SPR	D	0.01%
	ACI	C	0.01%
	ECPG	B	0.01%
	ALEX	C	0.01%
	UVV	B	0.01%
	JBGS	D	0.01%
	SEB	F	0.01%
	IMKTA	C	0.01%
	XRX	F	0.01%
	OUT	A	0.01%
	PNW	B	0.01%
	SHO	C	0.01%
	CNS	B	0.01%
	SSB	B	0.01%
	KALU	C	0.01%
	ESI	A	0.01%
	CVI	F	0.01%
	MOS	F	0.01%
	PECO	A	0.01%
	OMI	F	0.01%
	PFG	D	0.01%
	SIGI	C	0.01%
	LEA	D	0.01%
	SPB	C	0.01%
	AES	F	0.01%
	WMK	C	0.01%
	MHK	D	0.01%
	KN	B	0.01%
	TPR	B	0.01%
	DXC	B	0.01%
	LADR	B	0.01%
	INCY	C	0.01%
	NNI	D	0.01%
	ICUI	D	0.01%
	CSGS	B	0.01%
	BMRN	D	0.01%
	TNET	D	0.01%
	HE	C	0.01%
	ALGN	D	0.01%
	SATS	D	0.01%
	UHAL	D	0.01%
	BWA	D	0.01%
	SLB	C	0.01%
	GOLF	B	0.01%
	DEI	B	0.01%
	AMWD	C	0.01%
	SCS	C	0.01%
	SCCO	F	0.0%
	NOMD	D	0.0%
	HUN	F	0.0%

MFUS Underweight 306 Positions Relative to JMEE

	Symbol	Grade	Weight
	NVT	B	-0.55%
	FN	D	-0.52%
	PFGC	B	-0.5%
	TPL	A	-0.49%
	BRX	A	-0.44%
	PNFP	B	-0.42%
	MTDR	B	-0.42%
	OGE	B	-0.41%
	EGP	F	-0.41%
	IDA	A	-0.39%
	ABCB	B	-0.36%
	EPRT	B	-0.35%
	ILMN	D	-0.34%
	RNR	C	-0.33%
	WTS	B	-0.33%
	CHDN	B	-0.33%
	WEX	D	-0.32%
	OVV	B	-0.32%
	DUOL	A	-0.3%
	DT	C	-0.3%
	CHRD	D	-0.3%
	WING	D	-0.29%
	AFG	A	-0.29%
	GKOS	B	-0.29%
	BRBR	A	-0.29%
	CASH	A	-0.28%
	HQY	B	-0.28%
	JAZZ	B	-0.28%
	KLIC	B	-0.28%
	BANR	B	-0.28%
	RRX	B	-0.27%
	IRDM	D	-0.27%
	SNX	C	-0.27%
	PTGX	C	-0.26%
	AIT	A	-0.26%
	PR	B	-0.25%
	PCH	D	-0.25%
	CIEN	B	-0.24%
	MEDP	D	-0.24%
	SRPT	D	-0.24%
	WTRG	B	-0.24%
	PLNT	A	-0.24%
	ELF	C	-0.24%
	MXL	C	-0.23%
	PEN	B	-0.23%
	PLMR	B	-0.23%
	AAON	B	-0.23%
	NMIH	D	-0.23%
	CPK	A	-0.23%
	UCTT	D	-0.23%
	VIR	D	-0.23%
	FUL	F	-0.21%
	ROIC	A	-0.21%
	FLS	B	-0.21%
	MTZ	B	-0.21%
	EXLS	B	-0.21%
	AVNT	B	-0.21%
	PIPR	B	-0.21%
	VOYA	B	-0.21%
	HAFC	A	-0.21%
	ENSG	D	-0.2%
	PCTY	B	-0.2%
	CHX	C	-0.2%
	NBHC	B	-0.2%
	FBP	B	-0.19%
	OLED	D	-0.19%
	OFG	B	-0.19%
	HWC	B	-0.19%
	FNB	A	-0.19%
	LNTH	D	-0.19%
	TKO	B	-0.19%
	SPSC	C	-0.19%
	LSCC	D	-0.19%
	OGS	A	-0.19%
	DAR	C	-0.18%
	CUZ	B	-0.18%
	CPF	A	-0.18%
	UTL	B	-0.18%
	ORI	A	-0.18%
	ONTO	D	-0.18%
	RAMP	C	-0.17%
	TNL	A	-0.17%
	ALK	C	-0.17%
	CIVI	D	-0.17%
	SSD	D	-0.17%
	HGV	B	-0.17%
	MAT	D	-0.17%
	GTLS	B	-0.16%
	BOOT	D	-0.16%
	KRG	B	-0.16%
	ENVA	B	-0.16%
	OII	B	-0.16%
	SBRA	C	-0.16%
	RMBS	C	-0.16%
	REXR	F	-0.16%
	TBBK	B	-0.16%
	LBRT	D	-0.15%
	LRN	A	-0.15%
	CGNX	C	-0.15%
	HOPE	B	-0.15%
	FND	C	-0.15%
	RBA	A	-0.15%
	OPCH	D	-0.15%
	ARCB	C	-0.15%
	KRC	C	-0.15%
	MMSI	B	-0.14%
	KNSL	B	-0.14%
	KFY	B	-0.14%
	FSS	B	-0.14%
	GXO	B	-0.14%
	UAA	C	-0.14%
	ACIW	B	-0.14%
	BCPC	B	-0.14%
	STWD	C	-0.14%
	AEIS	B	-0.13%
	ALG	B	-0.13%
	QLYS	C	-0.13%
	BCO	D	-0.13%
	ALV	C	-0.13%
	EAT	A	-0.13%
	MARA	C	-0.13%
	AGO	B	-0.12%
	ITGR	B	-0.12%
	AVAV	D	-0.12%
	CTRE	D	-0.12%
	SNEX	B	-0.12%
	BYD	C	-0.12%
	MTRN	C	-0.12%
	GRBK	D	-0.12%
	VMI	B	-0.12%
	IRT	A	-0.12%
	FTDR	A	-0.11%
	MCRI	A	-0.11%
	AX	A	-0.11%
	IBP	D	-0.11%
	CRC	B	-0.11%
	OLLI	D	-0.11%
	CELH	F	-0.11%
	AM	A	-0.11%
	ICHR	C	-0.11%
	POWI	D	-0.1%
	CVCO	A	-0.1%
	RH	B	-0.1%
	ASGN	F	-0.1%
	VBTX	B	-0.1%
	CHWY	B	-0.1%
	BANC	A	-0.1%
	ENS	D	-0.1%
	VAC	B	-0.1%
	TRIP	F	-0.1%
	ASH	D	-0.1%
	AAL	B	-0.1%
	GFF	A	-0.1%
	YETI	C	-0.09%
	VAL	D	-0.09%
	CNK	B	-0.09%
	SMTC	B	-0.09%
	TCBI	B	-0.09%
	SHAK	C	-0.09%
	AZTA	D	-0.09%
	ARWR	F	-0.09%
	WSFS	A	-0.09%
	GBCI	B	-0.09%
	MYRG	B	-0.09%
	ACHC	F	-0.09%
	FORM	D	-0.09%
	RDNT	B	-0.09%
	CHEF	A	-0.09%
	JBT	B	-0.09%
	AAT	B	-0.09%
	SAIA	B	-0.09%
	ACLS	F	-0.08%
	IAC	D	-0.08%
	HSII	B	-0.08%
	DFIN	D	-0.08%
	VYX	B	-0.08%
	BRKL	B	-0.08%
	SBSI	B	-0.08%
	AWR	B	-0.08%
	NATL	B	-0.08%
	HIW	D	-0.08%
	UCB	A	-0.08%
	CEIX	A	-0.08%
	SITM	B	-0.08%
	SMPL	B	-0.08%
	CRVL	A	-0.08%
	VRTS	B	-0.08%
	PENN	C	-0.08%
	BSIG	A	-0.08%
	KAR	B	-0.07%
	FCPT	C	-0.07%
	IIPR	D	-0.07%
	CWK	B	-0.07%
	NWE	B	-0.07%
	RGEN	D	-0.07%
	PII	D	-0.07%
	CARG	C	-0.07%
	CSR	B	-0.07%
	WWW	B	-0.07%
	CVBF	A	-0.07%
	FLGT	F	-0.07%
	FIVE	F	-0.07%
	QNST	B	-0.07%
	ZD	C	-0.07%
	CAR	C	-0.06%
	JBSS	D	-0.06%
	PRGS	A	-0.06%
	EVTC	B	-0.06%
	ROCK	C	-0.06%
	PRDO	B	-0.06%
	DV	C	-0.06%
	DIOD	D	-0.06%
	SBCF	A	-0.06%
	KNF	A	-0.06%
	CCS	D	-0.06%
	RUN	F	-0.06%
	HWKN	B	-0.06%
	UMBF	B	-0.06%
	PATK	D	-0.06%
	MTX	B	-0.06%
	AMR	C	-0.06%
	CWT	D	-0.06%
	SUPN	C	-0.05%
	CNMD	C	-0.05%
	EXPO	D	-0.05%
	SCHL	D	-0.05%
	ADUS	D	-0.05%
	GOGO	C	-0.05%
	TRMK	B	-0.05%
	OMCL	C	-0.05%
	AHH	D	-0.05%
	RNST	B	-0.05%
	WFRD	D	-0.05%
	AZZ	B	-0.05%
	VRE	B	-0.04%
	EPR	D	-0.04%
	GTY	B	-0.04%
	KLG	C	-0.04%
	PLAY	D	-0.04%
	NGVT	B	-0.04%
	CAL	D	-0.04%
	PLAB	C	-0.04%
	SXI	B	-0.04%
	FBK	B	-0.04%
	MNRO	D	-0.04%
	REX	D	-0.04%
	DCOM	A	-0.04%
	MODG	F	-0.04%
	TILE	B	-0.04%
	HMN	B	-0.04%
	FBIN	D	-0.04%
	IART	C	-0.04%
	RCM	F	-0.04%
	EFC	C	-0.03%
	HSTM	B	-0.03%
	SXC	A	-0.03%
	STAG	F	-0.03%
	SCVL	F	-0.03%
	BLMN	F	-0.03%
	COHU	C	-0.03%
	VTOL	B	-0.03%
	DGII	B	-0.03%
	WD	D	-0.03%
	WT	B	-0.03%
	GDEN	B	-0.03%
	FWRD	D	-0.03%
	TREX	C	-0.03%
	CUBI	C	-0.03%
	MGY	A	-0.03%
	PBH	A	-0.03%
	CBU	B	-0.03%
	PRAA	C	-0.03%
	PFBC	B	-0.03%
	BGS	F	-0.02%
	GPRE	F	-0.02%
	HTZ	C	-0.02%
	PUMP	B	-0.02%
	DLX	B	-0.02%
	COLM	B	-0.02%
	ASIX	A	-0.02%
	KREF	D	-0.02%
	AXL	C	-0.02%
	CFFN	B	-0.02%
	BDN	C	-0.02%
	XPEL	C	-0.02%
	WNC	C	-0.02%
	LPG	F	-0.02%
	UNFI	A	-0.02%
	BJRI	B	-0.02%
	AVNS	F	-0.02%
	HFWA	B	-0.02%
	ALGT	B	-0.02%
	NX	C	-0.02%
	DXPE	B	-0.02%
	EXPI	C	-0.02%
	EEFT	B	-0.02%
	VECO	F	-0.01%
	SNCY	C	-0.01%
	TALO	C	-0.01%
	CNXC	F	-0.01%
	BFS	C	-0.01%
	MYE	F	-0.01%
	NVRI	F	-0.01%
	AMN	F	-0.01%
	MATV	D	-0.01%
	HAIN	C	-0.01%

MFUS: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Business Services Packaged Foods Software - Application Specialty Chemicals Specialty Retail Utilities - Regulated Electric Capital Markets Credit Services Aerospace & Defense Insurance - Property & Casualty REIT - Diversified Building Materials Engineering & Construction Medical Instruments & Supplies Packaging & Containers Information Technology Services REIT - Residential

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

JMEE: Top Represented Industries & Keywords

Industries: Banks - Regional - US Building Materials Business Services Diversified Industrials Oil & Gas E&P Packaged Foods Asset Management Specialty Chemicals Specialty Retail REIT - Retail Engineering & Construction REIT - Diversified Semiconductor Equipment & Materials Software - Application Auto Parts Biotechnology Apparel Manufacturing Apparel Stores Medical Care Oil & Gas Equipment & Services

Keywords: Bank Banking Real Estate Investment Trust Mining Chemical Insurance Deposit Products Natural Gas Construction Aerospace Clothing Semiconductor Retail Store Electronics Transport Building Materials Beverage Fashion Medicine Supply Chain Management