MFUS vs. NANC ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (NANC)

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

$52.28

Average Daily Volume

5,668

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

NANC

Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF

NANC Description

The fund is an actively managed diversified exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in equity securities of publicly traded companies that sitting Democratic members of United States Congress and/or their families also have reported to have invested in through public disclosure filings made by such Congresspersons pursuant to the Stop Trading on Congressional Knowledge Act ("STOCK Act").

Grade (RS Rating)

Last Trade

$39.69

Average Daily Volume

52,520

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	NANC
30 Days	4.12%	4.20%
60 Days	4.16%	5.90%
90 Days	6.35%	7.74%
12 Months	33.66%	36.93%

126 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in NANC	Overlap
AAPL	B	0.97%	3.97%	0.97%
ABBV	D	1.35%	0.25%	0.25%
ACN	B	0.24%	0.37%	0.24%
ADP	B	0.11%	0.1%	0.1%
AFL	B	0.22%	0.1%	0.1%
AJG	A	0.16%	0.09%	0.09%
ALL	B	0.26%	0.19%	0.19%
ALLY	C	0.05%	0.06%	0.05%
AMAT	F	0.5%	2.14%	0.5%
AMGN	D	0.92%	0.25%	0.25%
AMP	B	0.18%	0.12%	0.12%
AMZN	C	1.65%	4.9%	1.65%
ANET	C	0.14%	0.16%	0.14%
APG	B	0.02%	0.84%	0.02%
ARMK	A	0.01%	0.48%	0.01%
AXP	A	0.23%	2.99%	0.23%
BAC	A	0.45%	0.23%	0.23%
BALL	D	0.07%	0.29%	0.07%
BAX	F	0.04%	0.11%	0.04%
BBWI	C	0.01%	0.12%	0.01%
BERY	B	0.06%	0.19%	0.06%
BK	A	0.18%	0.16%	0.16%
BLK	C	0.18%	0.23%	0.18%
BR	A	0.17%	0.1%	0.1%
BSX	C	0.21%	0.09%	0.09%
BX	B	0.13%	0.21%	0.13%
C	A	0.7%	0.22%	0.22%
CAT	B	0.2%	0.12%	0.12%
CI	D	0.13%	0.17%	0.13%
CL	D	0.36%	0.18%	0.18%
CMCSA	C	0.16%	0.17%	0.16%
COF	B	0.29%	0.13%	0.13%
COST	B	1.36%	2.88%	1.36%
CPRT	A	0.08%	0.08%	0.08%
CSCO	A	0.68%	0.28%	0.28%
CTAS	B	0.19%	0.09%	0.09%
CTVA	B	0.04%	0.11%	0.04%
CVS	D	0.67%	0.56%	0.56%
D	C	0.07%	0.08%	0.07%
DD	D	0.1%	0.22%	0.1%
DELL	C	0.03%	0.25%	0.03%
DFS	B	0.1%	0.18%	0.1%
DHI	D	0.06%	2.12%	0.06%
DHR	D	0.24%	0.18%	0.18%
DLTR	D	0.02%	0.05%	0.02%
DPZ	C	0.13%	0.19%	0.13%
ECL	D	0.08%	0.1%	0.08%
ELAN	F	0.01%	0.2%	0.01%
EMR	A	0.09%	0.08%	0.08%
F	C	0.15%	0.2%	0.15%
FHN	B	0.01%	0.1%	0.01%
FITB	B	0.04%	0.12%	0.04%
GD	F	0.23%	0.09%	0.09%
GLW	B	0.2%	0.16%	0.16%
HBAN	B	0.03%	0.11%	0.03%
HCA	F	0.24%	0.29%	0.24%
HD	A	0.62%	0.4%	0.4%
HPE	B	0.11%	0.09%	0.09%
HPQ	B	0.29%	0.12%	0.12%
IBM	C	1.09%	0.41%	0.41%
INTC	C	0.19%	0.22%	0.19%
ISRG	C	0.29%	0.12%	0.12%
IT	C	0.14%	0.23%	0.14%
ITW	A	0.1%	0.11%	0.1%
JNJ	D	1.2%	1.08%	1.08%
JPM	B	0.99%	0.2%	0.2%
KKR	B	0.15%	0.69%	0.15%
KLAC	F	0.22%	0.07%	0.07%
KO	D	1.01%	0.28%	0.28%
LLY	F	2.3%	2.24%	2.24%
LOW	C	0.35%	0.18%	0.18%
LRCX	F	0.16%	0.25%	0.16%
MA	B	0.28%	0.17%	0.17%
MAR	A	0.04%	0.27%	0.04%
MCD	D	0.52%	0.14%	0.14%
MDLZ	F	0.22%	0.08%	0.08%
META	D	2.32%	2.5%	2.32%
MHK	D	0.01%	0.22%	0.01%
MMC	A	0.2%	0.19%	0.19%
MMM	D	0.58%	0.08%	0.08%
MO	A	0.74%	0.19%	0.19%
MRK	F	0.83%	0.17%	0.17%
MS	B	0.22%	0.54%	0.22%
MSI	C	0.2%	0.1%	0.1%
MU	D	0.16%	0.32%	0.16%
NDAQ	A	0.05%	0.33%	0.05%
NFLX	B	0.55%	2.6%	0.55%
NKE	F	0.06%	0.11%	0.06%
NOW	B	0.35%	1.01%	0.35%
NVDA	C	1.9%	13.28%	1.9%
ODFL	B	0.02%	0.09%	0.02%
ORCL	C	1.56%	0.1%	0.1%
OSK	B	0.03%	0.21%	0.03%
PANW	C	0.25%	0.13%	0.13%
PEP	F	0.71%	0.18%	0.18%
PFE	D	0.55%	0.16%	0.16%
PG	A	1.04%	0.3%	0.3%
PGR	A	0.59%	0.45%	0.45%
PH	A	0.14%	0.37%	0.14%
PM	B	0.89%	2.67%	0.89%
PNC	A	0.12%	0.11%	0.11%
PPG	D	0.04%	0.09%	0.04%
PRU	A	0.23%	0.11%	0.11%
PWR	A	0.12%	0.17%	0.12%
QCOM	F	0.73%	0.12%	0.12%
REGN	F	0.35%	0.08%	0.08%
ROP	B	0.06%	0.12%	0.06%
RSG	A	0.13%	0.09%	0.09%
SBUX	B	0.09%	0.31%	0.09%
SCHW	A	0.05%	0.2%	0.05%
SSNC	A	0.02%	2.29%	0.02%
SYY	C	0.12%	0.2%	0.12%
TGT	F	0.59%	0.18%	0.18%
TJX	A	0.38%	0.18%	0.18%
TMUS	A	0.43%	0.28%	0.28%
TXN	D	0.28%	0.15%	0.15%
UBER	D	0.2%	0.09%	0.09%
UNH	B	0.81%	0.19%	0.19%
UNP	C	0.5%	0.1%	0.1%
UPS	C	0.24%	0.17%	0.17%
URI	B	0.09%	0.72%	0.09%
V	A	0.31%	0.26%	0.26%
VRTX	D	0.21%	0.16%	0.16%
VZ	B	1.03%	0.16%	0.16%
WFC	A	0.99%	0.42%	0.42%
WMT	B	1.77%	0.29%	0.29%

MFUS Overweight 689 Positions Relative to NANC

Symbol	Grade	Weight
BRK.A	B	2.44%
AVGO	D	1.54%
GILD	B	0.84%
T	A	0.75%
LMT	D	0.75%
MCK	C	0.64%
GE	D	0.56%
XOM	C	0.43%
BKNG	B	0.42%
BMY	B	0.41%
GS	B	0.4%
CVX	B	0.39%
GM	B	0.38%
KR	A	0.37%
EBAY	C	0.36%
MPC	F	0.35%
NOC	D	0.35%
AIG	B	0.34%
MET	A	0.32%
SYF	A	0.31%
CHTR	C	0.3%
ICE	D	0.29%
SPGI	C	0.29%
AZO	C	0.28%
CAH	B	0.27%
WM	A	0.27%
TMO	F	0.27%
LHX	C	0.26%
THC	D	0.26%
VST	B	0.26%
FICO	B	0.25%
AON	A	0.25%
SFM	B	0.25%
PLTR	B	0.24%
ANF	C	0.24%
WSM	B	0.24%
NEE	D	0.23%
ADM	F	0.23%
PSX	C	0.23%
LII	A	0.22%
GWW	A	0.22%
RTX	D	0.22%
SHW	A	0.21%
ORLY	B	0.2%
BBY	D	0.2%
TRV	B	0.2%
CMG	B	0.2%
EA	C	0.19%
FI	A	0.19%
HWM	B	0.18%
TSN	B	0.18%
WSO	A	0.18%
UTHR	C	0.18%
NEM	F	0.17%
RMD	C	0.17%
SPG	C	0.17%
DECK	A	0.17%
CASY	B	0.17%
DVA	B	0.17%
KMB	C	0.17%
COR	C	0.17%
GIS	D	0.17%
CB	D	0.16%
MUSA	B	0.16%
VRSK	A	0.16%
VLO	C	0.16%
TDG	D	0.15%
VTRS	B	0.15%
K	A	0.15%
LYB	F	0.15%
ELV	F	0.15%
CHRW	C	0.14%
BAH	F	0.14%
AMT	D	0.14%
CMI	A	0.14%
CME	A	0.14%
KHC	D	0.14%
MCO	A	0.14%
CLX	C	0.13%
APP	B	0.13%
FAST	B	0.13%
EVR	B	0.13%
SO	D	0.13%
RPM	A	0.13%
YUM	B	0.13%
DUK	C	0.13%
BRO	B	0.12%
WELL	C	0.12%
IRM	C	0.12%
APH	B	0.12%
JNPR	F	0.12%
PYPL	A	0.12%
GDDY	B	0.12%
RCL	B	0.11%
XYL	D	0.11%
CW	B	0.11%
EXPD	C	0.11%
WTW	B	0.11%
WMB	B	0.11%
ALSN	B	0.11%
LDOS	D	0.11%
CSX	B	0.11%
USB	A	0.11%
TSCO	C	0.11%
DASH	A	0.11%
WBA	D	0.11%
FOXA	C	0.11%
CEG	D	0.11%
COIN	B	0.11%
EXR	C	0.11%
KMI	B	0.11%
BDX	F	0.11%
BWXT	B	0.11%
CRS	B	0.11%
TRGP	B	0.11%
PHM	C	0.1%
AYI	B	0.1%
HLT	A	0.1%
JXN	B	0.1%
OKE	C	0.1%
NTAP	C	0.1%
JKHY	D	0.1%
GEN	A	0.1%
PKG	B	0.1%
EFX	D	0.1%
LSTR	B	0.09%
IEX	B	0.09%
WCC	B	0.09%
TFC	B	0.09%
AIZ	B	0.09%
MLI	C	0.09%
TROW	A	0.09%
DGX	B	0.09%
EHC	B	0.09%
ARES	B	0.09%
IR	A	0.09%
NVR	D	0.09%
ADSK	B	0.09%
TMHC	A	0.09%
GPI	B	0.09%
AVY	D	0.09%
CALM	B	0.09%
IP	B	0.09%
DLR	A	0.09%
PSA	C	0.09%
NRG	C	0.08%
GEO	B	0.08%
TTWO	B	0.08%
LPX	B	0.08%
ABG	B	0.08%
DKS	C	0.08%
SMCI	D	0.08%
MTD	F	0.08%
AOS	D	0.08%
HCC	B	0.08%
ATR	B	0.08%
WDC	C	0.08%
BKR	C	0.08%
TYL	A	0.08%
AEP	D	0.08%
GPK	C	0.08%
NUE	D	0.08%
SLG	B	0.08%
EQH	B	0.08%
DG	F	0.08%
SRE	A	0.08%
SEIC	A	0.08%
TAP	C	0.08%
ITT	A	0.08%
HLI	A	0.08%
CACI	D	0.08%
FIX	A	0.07%
UFPI	B	0.07%
SQ	B	0.07%
INGR	B	0.07%
JCI	C	0.07%
EXP	B	0.07%
BCC	B	0.07%
EXC	D	0.07%
LPLA	B	0.07%
SCI	A	0.07%
NSC	A	0.07%
COP	D	0.07%
GLPI	B	0.07%
SKYW	B	0.07%
CCI	D	0.07%
MLM	B	0.07%
POOL	C	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%
THO	B	0.07%
MNST	B	0.07%
FTNT	C	0.07%
HRB	D	0.07%
FIS	D	0.07%
GEHC	F	0.07%
CNX	B	0.07%
OTIS	C	0.07%
SEE	C	0.06%
JLL	B	0.06%
O	D	0.06%
LECO	C	0.06%
GNRC	B	0.06%
TPH	C	0.06%
KTB	A	0.06%
HBI	B	0.06%
ED	D	0.06%
MKC	D	0.06%
MPWR	F	0.06%
BFH	B	0.06%
CHE	D	0.06%
ATGE	B	0.06%
VIRT	B	0.06%
CPT	B	0.06%
UHS	D	0.06%
TW	B	0.06%
MTH	C	0.06%
MAS	C	0.06%
HIG	B	0.06%
SLM	B	0.06%
CCK	D	0.06%
PK	B	0.06%
CMC	B	0.06%
OMC	C	0.06%
TXRH	A	0.06%
MSM	C	0.06%
WU	D	0.06%
BIIB	F	0.06%
AN	B	0.06%
PEG	A	0.06%
AMG	B	0.06%
L	B	0.06%
TTC	D	0.06%
FCNCA	B	0.06%
ALNY	D	0.06%
RGA	A	0.06%
FFIV	A	0.06%
IBKR	B	0.06%
TOL	A	0.06%
MSCI	C	0.06%
LEN	C	0.06%
ROL	B	0.06%
EME	B	0.05%
URBN	C	0.05%
CNO	A	0.05%
FANG	F	0.05%
NFG	B	0.05%
NSIT	F	0.05%
ERIE	D	0.05%
LOPE	B	0.05%
AROC	B	0.05%
THG	C	0.05%
TDS	B	0.05%
PRIM	A	0.05%
CRI	F	0.05%
GNTX	C	0.05%
A	D	0.05%
MOG.A	B	0.05%
ETR	B	0.05%
TGNA	B	0.05%
MTN	C	0.05%
EXEL	A	0.05%
SUI	D	0.05%
HOOD	B	0.05%
CARR	C	0.05%
CBRE	B	0.05%
FLEX	B	0.05%
USFD	A	0.05%
SLGN	A	0.05%
TEX	D	0.05%
CBT	C	0.05%
IDXX	F	0.05%
COOP	B	0.05%
LAMR	C	0.05%
ZTS	D	0.05%
POST	B	0.05%
AR	B	0.05%
KD	B	0.05%
WAT	B	0.05%
WEN	D	0.05%
EIX	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HSY	F	0.05%
GAP	C	0.05%
LUMN	C	0.05%
GVA	B	0.05%
WAB	B	0.05%
MMS	F	0.05%
BC	C	0.05%
FCN	D	0.05%
BTU	C	0.05%
STZ	D	0.05%
G	B	0.05%
XPO	B	0.04%
SON	D	0.04%
TKR	D	0.04%
AVT	C	0.04%
ACM	A	0.04%
ADBE	C	0.04%
FL	D	0.04%
JWN	A	0.04%
CRUS	F	0.04%
EQR	B	0.04%
AWI	B	0.04%
ESS	B	0.04%
AMH	C	0.04%
CXW	C	0.04%
CPNG	D	0.04%
INVH	D	0.04%
CLH	B	0.04%
BDC	B	0.04%
SEM	B	0.04%
WH	A	0.04%
PPL	B	0.04%
PSTG	D	0.04%
RUSHA	B	0.04%
ELS	C	0.04%
PAYX	B	0.04%
SMG	C	0.04%
OLN	F	0.04%
AGNC	D	0.04%
CFG	B	0.04%
MTB	B	0.04%
FLO	C	0.04%
BLDR	C	0.04%
CAG	D	0.04%
ARW	D	0.04%
FDS	B	0.04%
EMN	D	0.04%
SLVM	B	0.04%
TRN	B	0.04%
SANM	B	0.04%
OGN	F	0.04%
VRSN	F	0.04%
VTR	D	0.04%
CVLT	B	0.04%
BHF	B	0.04%
IPG	C	0.04%
PTC	A	0.04%
NBIX	C	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%
ZBRA	A	0.04%
JHG	A	0.04%
SIG	B	0.04%
HEI	B	0.04%
MAC	A	0.04%
HUBG	A	0.04%
RGLD	D	0.04%
CMA	A	0.04%
ATI	D	0.04%
MHO	C	0.04%
CNC	F	0.04%
FTI	A	0.04%
CRBG	B	0.04%
VLTO	C	0.04%
WERN	B	0.04%
STLD	B	0.04%
DCI	A	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%
WST	C	0.04%
STC	A	0.03%
HAE	B	0.03%
WRB	A	0.03%
SBAC	D	0.03%
GEF	B	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	A	0.03%
MAN	D	0.03%
PINC	B	0.03%
ACA	B	0.03%
PNM	F	0.03%
APAM	B	0.03%
FNF	B	0.03%
AMKR	F	0.03%
DRI	B	0.03%
AVTR	F	0.03%
WPC	D	0.03%
BKE	B	0.03%
LBRDK	C	0.03%
ASO	F	0.03%
LNC	B	0.03%
FHI	A	0.03%
WHR	B	0.03%
TER	F	0.03%
OI	C	0.03%
JEF	A	0.03%
CDW	F	0.03%
MRO	B	0.03%
OMF	A	0.03%
BURL	B	0.03%
UDR	B	0.03%
SHOO	D	0.03%
DBRG	F	0.03%
CG	B	0.03%
PRG	B	0.03%
NTRS	A	0.03%
RPRX	D	0.03%
LW	C	0.03%
COLD	F	0.03%
PLXS	B	0.03%
APLE	B	0.03%
IFF	D	0.03%
RL	B	0.03%
X	C	0.03%
JBL	C	0.03%
AVB	B	0.03%
MATX	C	0.03%
BLD	C	0.03%
DDS	B	0.03%
GMS	B	0.03%
CMS	C	0.03%
HOLX	D	0.03%
AVA	B	0.03%
GGG	B	0.03%
BKU	B	0.03%
MC	B	0.03%
DOX	D	0.03%
RLI	A	0.03%
KBH	C	0.03%
FE	D	0.03%
IVZ	B	0.03%
COHR	C	0.03%
NYT	C	0.03%
CDP	C	0.03%
TPX	A	0.03%
CPAY	A	0.03%
SM	C	0.03%
HUBB	B	0.03%
MANH	C	0.03%
ES	D	0.03%
GNW	A	0.03%
MORN	A	0.03%
ULTA	F	0.03%
BJ	B	0.03%
HSIC	B	0.03%
MASI	A	0.03%
LANC	C	0.03%
LEG	D	0.02%
DTM	B	0.02%
TDC	D	0.02%
SATS	D	0.02%
TTMI	B	0.02%
LXP	D	0.02%
ODP	F	0.02%
KEX	B	0.02%
SF	B	0.02%
GT	C	0.02%
BRKR	F	0.02%
BHE	B	0.02%
EVRG	A	0.02%
KIM	A	0.02%
CSL	B	0.02%
AXTA	A	0.02%
LAUR	B	0.02%
VFC	C	0.02%
WAL	B	0.02%
UAL	B	0.02%
WBS	B	0.02%
RF	B	0.02%
BEN	C	0.02%
PHIN	B	0.02%
JBLU	F	0.02%
NSP	F	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%
HP	C	0.02%
HST	C	0.02%
AA	A	0.02%
VVV	F	0.02%
DNOW	B	0.02%
LAD	B	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%
WMS	F	0.02%
PNR	B	0.02%
LNW	D	0.02%
REZI	B	0.02%
XRAY	F	0.02%
KBR	F	0.02%
EPC	D	0.02%
SNDR	B	0.02%
MAA	B	0.02%
RHI	C	0.02%
AGCO	D	0.02%
OSIS	A	0.02%
SKX	D	0.02%
PFSI	C	0.02%
NWL	A	0.02%
CC	C	0.02%
LNT	A	0.02%
PSN	D	0.02%
SXT	B	0.02%
KSS	F	0.02%
OHI	D	0.02%
SAM	C	0.02%
APOG	B	0.02%
YELP	C	0.02%
OC	B	0.02%
RLJ	C	0.02%
THS	F	0.02%
DORM	B	0.02%
NTCT	B	0.02%
XHR	A	0.02%
CTLT	B	0.02%
GWRE	B	0.02%
MDU	F	0.02%
MKTX	D	0.02%
SBH	B	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	F	0.02%
VSCO	B	0.02%
ADNT	F	0.02%
CE	F	0.02%
EWBC	B	0.02%
HOG	F	0.02%
MCY	B	0.02%
AIR	B	0.02%
DLB	B	0.02%
VSTO	A	0.02%
BFAM	F	0.02%
FAF	B	0.02%
JBHT	C	0.02%
GHC	B	0.02%
TFX	F	0.02%
AKAM	F	0.02%
MSA	C	0.02%
ORA	B	0.02%
NEU	C	0.02%
RYN	C	0.02%
HXL	D	0.02%
MTG	B	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%
UHAL	D	0.01%
RKT	F	0.01%
JELD	F	0.01%
DINO	F	0.01%
SCL	C	0.01%
IGT	F	0.01%
PARA	C	0.01%
MLKN	D	0.01%
RVTY	D	0.01%
GIII	C	0.01%
WOR	D	0.01%
CACC	D	0.01%
ARI	C	0.01%
CNXN	C	0.01%
MKSI	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%
CLF	F	0.01%
JBGS	D	0.01%
ALEX	B	0.01%
XRX	F	0.01%
UVV	B	0.01%
UGI	A	0.01%
SPR	D	0.01%
SHO	C	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	B	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	C	0.01%
PECO	B	0.01%
PB	B	0.01%
SIGI	B	0.01%
ARCH	B	0.01%
SPB	C	0.01%
PFG	C	0.01%
LEA	F	0.01%
WAFD	B	0.01%
DY	D	0.01%
CROX	F	0.01%
AES	F	0.01%
FDP	C	0.01%
WMK	B	0.01%
DAN	F	0.01%
CNM	D	0.01%
CFR	B	0.01%
FELE	B	0.01%
INCY	C	0.01%
PPC	C	0.01%
TPR	A	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	F	0.01%
TTEK	F	0.01%
CBSH	B	0.01%
ICUI	D	0.01%
WWD	B	0.01%
MUR	F	0.01%
TNET	D	0.01%
CADE	B	0.01%
CWEN	C	0.01%
CSGS	B	0.01%
UHAL	D	0.01%
BWA	C	0.01%
FYBR	D	0.01%
H	A	0.01%
WTFC	B	0.01%
PSMT	C	0.01%
AMWD	B	0.01%
VNT	C	0.01%
CR	B	0.01%
ALGN	D	0.01%
ADC	B	0.01%
PTEN	C	0.01%
SLB	C	0.01%
SCS	B	0.01%
FR	C	0.01%
GOLF	B	0.01%
IOSP	B	0.01%
SAH	B	0.01%
DEI	A	0.01%
RBC	B	0.01%
HE	C	0.01%
VSH	F	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 38 Positions Relative to NANC

Symbol	Grade	Weight
MSFT	D	-7.84%
CRM	B	-4.76%
GOOG	C	-3.63%
VMC	B	-2.44%
AORT	B	-2.28%
CRWD	B	-1.99%
DIS	B	-1.52%
ABT	B	-1.12%
TSLA	B	-0.57%
SGBX	F	-0.36%
ST	F	-0.23%
TCMD	B	-0.22%
INTU	C	-0.22%
VRT	B	-0.18%
KMX	B	-0.18%
PENN	C	-0.17%
STX	D	-0.17%
MDT	D	-0.17%
TT	B	-0.17%
MCHP	F	-0.17%
ZBH	C	-0.16%
AMD	F	-0.15%
SYK	C	-0.12%
ETN	A	-0.11%
LIN	D	-0.1%
NVS	F	-0.1%
APD	A	-0.1%
MODG	F	-0.1%
AME	A	-0.1%
CHX	C	-0.09%
MGM	F	-0.08%
ROST	C	-0.08%
ON	C	-0.08%
VAC	B	-0.08%
INFN	D	-0.08%
DE	B	-0.08%
NXPI	D	-0.07%
ASML	F	-0.05%