MFUS vs. NTSX ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to WisdomTree 90/60 U.S. Balanced Fund (NTSX)

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 ^*

780

* may have additional holdings in another (foreign) market

NTSX

WisdomTree 90/60 U.S. Balanced Fund

NTSX Description

The investment seeks total return. The fund is actively managed using a models-based approach. It seeks to achieve its investment objective by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the fund will invest approximately 90% of its net assets in U.S. equity securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$46.89

Average Daily Volume

64,822

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	NTSX
30 Days	2.56%	3.84%
60 Days	4.48%	6.50%
90 Days	6.34%	7.08%
12 Months	31.81%	35.54%

349 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in NTSX	Overlap
	A	C	0.05%	0.05%	0.05%
	AAPL	C	0.72%	4.17%	0.72%
	ABBV	B	1.38%	0.41%	0.41%
	ACI	F	0.01%	0.01%	0.01%
	ACM	B	0.05%	0.02%	0.02%
	ADBE	F	0.04%	0.28%	0.04%
	ADM	D	0.35%	0.03%	0.03%
	ADP	C	0.09%	0.14%	0.09%
	ADSK	B	0.09%	0.07%	0.07%
	AFL	A	0.2%	0.07%	0.07%
	AIG	D	0.45%	0.07%	0.07%
	AJG	D	0.09%	0.07%	0.07%
	AKAM	D	0.03%	0.02%	0.02%
	ALGN	D	0.03%	0.01%	0.01%
	ALL	C	0.39%	0.06%	0.06%
	AMAT	D	0.49%	0.2%	0.2%
	AMGN	D	1.1%	0.21%	0.21%
	AMH	D	0.04%	0.02%	0.02%
	AMP	B	0.09%	0.06%	0.06%
	AMZN	C	1.4%	2.33%	1.4%
	ANET	C	0.15%	0.14%	0.14%
	ANSS	D	0.06%	0.03%	0.03%
	APH	C	0.11%	0.09%	0.09%
	APO	B	0.12%	0.11%	0.11%
	APP	C	0.05%	0.05%	0.05%
	ARES	B	0.11%	0.03%	0.03%
	AVGO	C	1.55%	0.91%	0.91%
	AVTR	C	0.04%	0.02%	0.02%
	AVY	C	0.1%	0.02%	0.02%
	AXP	B	0.21%	0.22%	0.21%
	AZO	B	0.31%	0.06%	0.06%
	BAC	D	0.42%	0.38%	0.38%
	BAH	B	0.15%	0.02%	0.02%
	BALL	C	0.08%	0.03%	0.03%
	BAX	C	0.04%	0.03%	0.03%
	BBY	A	0.26%	0.02%	0.02%
	BDX	D	0.09%	0.09%	0.09%
	BEN	F	0.05%	0.02%	0.02%
	BIIB	F	0.08%	0.02%	0.02%
	BK	B	0.3%	0.06%	0.06%
	BKNG	B	0.53%	0.16%	0.16%
	BKR	C	0.18%	0.04%	0.04%
	BLDR	C	0.04%	0.03%	0.03%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	C	0.3%	0.1%	0.1%
	BR	C	0.16%	0.03%	0.03%
	BRK.A	C	2.12%	1.17%	1.17%
	BRO	C	0.14%	0.03%	0.03%
	BSX	B	0.2%	0.14%	0.14%
	BX	C	0.25%	0.22%	0.22%
	C	C	1.34%	0.12%	0.12%
	CAG	B	0.05%	0.03%	0.03%
	CAH	C	0.36%	0.03%	0.03%
	CARR	B	0.14%	0.08%	0.08%
	CAT	B	0.47%	0.22%	0.22%
	CDW	D	0.06%	0.04%	0.04%
	CE	D	0.07%	0.03%	0.03%
	CEG	C	0.11%	0.08%	0.08%
	CFG	D	0.07%	0.02%	0.02%
	CG	C	0.02%	0.02%	0.02%
	CHD	C	0.07%	0.03%	0.03%
	CHTR	D	0.27%	0.07%	0.07%
	CI	C	0.15%	0.12%	0.12%
	CINF	C	0.02%	0.03%	0.02%
	CL	C	0.33%	0.09%	0.09%
	CLX	C	0.16%	0.02%	0.02%
	CMCSA	C	0.26%	0.16%	0.16%
	CME	B	0.21%	0.1%	0.1%
	CMG	D	0.24%	0.09%	0.09%
	CMI	B	0.12%	0.05%	0.05%
	COF	B	0.47%	0.07%	0.07%
	COIN	F	0.07%	0.04%	0.04%
	COP	F	0.34%	0.16%	0.16%
	COST	C	1.28%	0.46%	0.46%
	CPAY	B	0.05%	0.03%	0.03%
	CPB	C	0.01%	0.01%	0.01%
	CPNG	B	0.04%	0.05%	0.04%
	CPRT	D	0.21%	0.06%	0.06%
	CRBG	C	0.04%	0.02%	0.02%
	CRM	C	0.38%	0.32%	0.32%
	CSCO	B	0.46%	0.26%	0.26%
	CSL	B	0.02%	0.02%	0.02%
	CSX	C	0.09%	0.09%	0.09%
	CTAS	C	0.18%	0.09%	0.09%
	CTRA	F	0.03%	0.0%	0.0%
	CTVA	B	0.04%	0.05%	0.04%
	CVS	D	0.88%	0.06%	0.06%
	CVX	F	0.87%	0.32%	0.32%
	DASH	B	0.1%	0.06%	0.06%
	DD	B	0.23%	0.04%	0.04%
	DECK	C	0.17%	0.02%	0.02%
	DELL	C	0.06%	0.11%	0.06%
	DFS	C	0.08%	0.04%	0.04%
	DG	F	0.06%	0.0%	0.0%
	DGX	B	0.07%	0.02%	0.02%
	DHR	B	0.28%	0.24%	0.24%
	DLR	B	0.08%	0.06%	0.06%
	DLTR	F	0.03%	0.03%	0.03%
	DOV	B	0.02%	0.03%	0.02%
	DOW	C	0.05%	0.03%	0.03%
	DPZ	D	0.19%	0.02%	0.02%
	DRI	C	0.03%	0.04%	0.03%
	DUK	B	0.14%	0.11%	0.11%
	EA	D	0.09%	0.04%	0.04%
	EBAY	B	0.38%	0.04%	0.04%
	ECL	B	0.08%	0.08%	0.08%
	EFX	C	0.1%	0.04%	0.04%
	ELS	D	0.04%	0.02%	0.02%
	ELV	D	0.09%	0.15%	0.09%
	EMR	D	0.16%	0.07%	0.07%
	ENTG	D	0.04%	0.02%	0.02%
	EOG	D	0.12%	0.09%	0.09%
	EQIX	B	0.03%	0.1%	0.03%
	ERIE	B	0.1%	0.02%	0.02%
	EVRG	B	0.02%	0.04%	0.02%
	EXC	B	0.11%	0.06%	0.06%
	EXPD	B	0.08%	0.01%	0.01%
	EXR	C	0.08%	0.04%	0.04%
	F	F	0.37%	0.06%	0.06%
	FANG	F	0.05%	0.04%	0.04%
	FAST	C	0.11%	0.04%	0.04%
	FCNCA	D	0.05%	0.03%	0.03%
	FCX	C	0.1%	0.08%	0.08%
	FDS	C	0.06%	0.02%	0.02%
	FICO	B	0.25%	0.05%	0.05%
	FIS	C	0.08%	0.07%	0.07%
	FITB	B	0.06%	0.03%	0.03%
	FNF	B	0.03%	0.02%	0.02%
	FOXA	B	0.09%	0.03%	0.03%
	FTNT	B	0.06%	0.07%	0.06%
	GD	C	0.18%	0.09%	0.09%
	GDDY	C	0.1%	0.02%	0.02%
	GE	C	1.28%	0.23%	0.23%
	GEHC	B	0.03%	0.05%	0.03%
	GGG	C	0.04%	0.02%	0.02%
	GILD	B	0.85%	0.13%	0.13%
	GIS	B	0.12%	0.05%	0.05%
	GLPI	C	0.07%	0.03%	0.03%
	GLW	B	0.22%	0.04%	0.04%
	GM	C	0.65%	0.07%	0.07%
	GOOGL	D	1.33%	2.43%	1.33%
	GPC	D	0.02%	0.03%	0.02%
	GS	B	0.49%	0.19%	0.19%
	GWW	B	0.19%	0.05%	0.05%
	H	B	0.01%	0.02%	0.01%
	HAL	F	0.04%	0.04%	0.04%
	HBAN	B	0.03%	0.02%	0.02%
	HCA	B	0.15%	0.12%	0.12%
	HD	B	0.43%	0.45%	0.43%
	HEI	C	0.04%	0.04%	0.04%
	HIG	B	0.06%	0.04%	0.04%
	HLT	B	0.09%	0.07%	0.07%
	HOLX	D	0.03%	0.02%	0.02%
	HPE	C	0.24%	0.03%	0.03%
	HPQ	C	0.3%	0.04%	0.04%
	HRL	F	0.01%	0.03%	0.01%
	HST	D	0.02%	0.02%	0.02%
	HSY	D	0.06%	0.05%	0.05%
	HUBB	B	0.1%	0.02%	0.02%
	HWM	B	0.13%	0.05%	0.05%
	IBM	B	1.46%	0.23%	0.23%
	ICE	C	0.31%	0.1%	0.1%
	IDXX	D	0.06%	0.05%	0.05%
	IEX	C	0.09%	0.01%	0.01%
	IFF	A	0.04%	0.01%	0.01%
	INCY	C	0.01%	0.03%	0.01%
	INTC	D	0.42%	0.08%	0.08%
	INTU	D	0.28%	0.23%	0.23%
	INVH	D	0.06%	0.03%	0.03%
	IP	C	0.13%	0.02%	0.02%
	IPG	C	0.07%	0.02%	0.02%
	IR	B	0.1%	0.05%	0.05%
	IRM	C	0.12%	0.04%	0.04%
	IT	C	0.17%	0.05%	0.05%
	ITW	B	0.09%	0.09%	0.09%
	JBHT	D	0.02%	0.01%	0.01%
	JBL	C	0.07%	0.02%	0.02%
	JNJ	C	1.08%	0.46%	0.46%
	JPM	D	0.97%	0.71%	0.71%
	K	A	0.1%	0.03%	0.03%
	KDP	B	0.07%	0.06%	0.06%
	KEY	C	0.02%	0.02%	0.02%
	KHC	C	0.17%	0.03%	0.03%
	KKR	B	0.15%	0.14%	0.14%
	KLAC	D	0.25%	0.12%	0.12%
	KMB	C	0.17%	0.06%	0.06%
	KMI	C	0.09%	0.05%	0.05%
	KO	B	0.63%	0.35%	0.35%
	KR	B	0.38%	0.04%	0.04%
	L	D	0.09%	0.02%	0.02%
	LBRDK	C	0.02%	0.02%	0.02%
	LDOS	A	0.09%	0.03%	0.03%
	LEN	B	0.09%	0.07%	0.07%
	LHX	C	0.2%	0.05%	0.05%
	LII	C	0.26%	0.02%	0.02%
	LLY	D	2.64%	1.02%	1.02%
	LMT	A	0.55%	0.16%	0.16%
	LOW	B	0.26%	0.18%	0.18%
	LPLA	D	0.07%	0.02%	0.02%
	LRCX	D	0.3%	0.13%	0.13%
	LVS	C	0.01%	0.02%	0.01%
	LW	D	0.04%	0.0%	0.0%
	MA	B	0.85%	0.56%	0.56%
	MANH	B	0.03%	0.02%	0.02%
	MAR	B	0.13%	0.08%	0.08%
	MAS	B	0.06%	0.02%	0.02%
	MCD	B	0.43%	0.25%	0.25%
	MCK	F	0.54%	0.08%	0.08%
	MCO	C	0.03%	0.09%	0.03%
	MDLZ	C	0.23%	0.13%	0.13%
	MET	B	0.41%	0.08%	0.08%
	META	B	2.29%	1.71%	1.71%
	MKC	C	0.08%	0.03%	0.03%
	MKL	C	0.03%	0.03%	0.03%
	MLM	D	0.07%	0.04%	0.04%
	MMC	C	0.2%	0.13%	0.13%
	MMM	B	0.45%	0.09%	0.09%
	MNST	D	0.06%	0.07%	0.06%
	MO	C	0.52%	0.1%	0.1%
	MOH	D	0.03%	0.03%	0.03%
	MORN	C	0.03%	0.02%	0.02%
	MOS	F	0.04%	0.02%	0.02%
	MPC	F	0.69%	0.08%	0.08%
	MPWR	B	0.09%	0.05%	0.05%
	MRK	F	0.95%	0.35%	0.35%
	MRO	D	0.11%	0.02%	0.02%
	MSCI	C	0.08%	0.05%	0.05%
	MSI	B	0.16%	0.08%	0.08%
	MTB	C	0.03%	0.03%	0.03%
	MTD	C	0.08%	0.04%	0.04%
	MU	D	0.16%	0.12%	0.12%
	NDAQ	C	0.03%	0.05%	0.03%
	NDSN	C	0.05%	0.02%	0.02%
	NEM	C	0.1%	0.07%	0.07%
	NFLX	B	0.48%	0.37%	0.37%
	NKE	D	0.05%	0.14%	0.05%
	NOC	B	0.24%	0.09%	0.09%
	NOW	C	0.4%	0.22%	0.22%
	NTAP	D	0.09%	0.03%	0.03%
	NTRS	C	0.03%	0.03%	0.03%
	NUE	D	0.08%	0.05%	0.05%
	NVDA	C	1.78%	3.49%	1.78%
	NVR	B	0.07%	0.03%	0.03%
	NWSA	D	0.07%	0.02%	0.02%
	OC	C	0.08%	0.02%	0.02%
	ODFL	D	0.02%	0.05%	0.02%
	OKE	C	0.09%	0.07%	0.07%
	OMC	B	0.06%	0.03%	0.03%
	ORCL	B	1.26%	0.54%	0.54%
	ORLY	B	0.19%	0.08%	0.08%
	OTIS	B	0.07%	0.04%	0.04%
	PANW	D	0.25%	0.13%	0.13%
	PAYX	C	0.04%	0.06%	0.04%
	PCAR	D	0.09%	0.06%	0.06%
	PEG	B	0.06%	0.05%	0.05%
	PEP	D	0.65%	0.27%	0.27%
	PFE	D	0.56%	0.15%	0.15%
	PFG	B	0.01%	0.03%	0.01%
	PG	C	0.91%	0.49%	0.49%
	PGR	C	0.55%	0.17%	0.17%
	PH	B	0.15%	0.1%	0.1%
	PHM	B	0.19%	0.03%	0.03%
	PINS	D	0.04%	0.02%	0.02%
	PKG	B	0.05%	0.02%	0.02%
	PM	C	0.57%	0.21%	0.21%
	PNC	C	0.11%	0.08%	0.08%
	POOL	C	0.07%	0.02%	0.02%
	PPG	C	0.05%	0.05%	0.05%
	PRU	C	0.27%	0.06%	0.06%
	PSA	C	0.04%	0.07%	0.04%
	PSX	F	0.59%	0.07%	0.07%
	PTC	C	0.05%	0.02%	0.02%
	PWR	B	0.15%	0.05%	0.05%
	QCOM	D	0.69%	0.23%	0.23%
	REGN	D	0.48%	0.15%	0.15%
	RJF	C	0.02%	0.03%	0.02%
	RMD	C	0.13%	0.04%	0.04%
	ROL	C	0.05%	0.03%	0.03%
	ROP	C	0.06%	0.06%	0.06%
	ROST	C	0.08%	0.06%	0.06%
	RPM	B	0.12%	0.01%	0.01%
	RS	D	0.09%	0.02%	0.02%
	RSG	D	0.13%	0.06%	0.06%
	SBAC	C	0.03%	0.01%	0.01%
	SBUX	C	0.06%	0.13%	0.06%
	SCCO	C	0.01%	0.09%	0.01%
	SCHW	D	0.17%	0.13%	0.13%
	SHW	B	0.22%	0.11%	0.11%
	SJM	C	0.03%	0.01%	0.01%
	SMCI	F	0.16%	0.01%	0.01%
	SNAP	D	0.02%	0.02%	0.02%
	SPG	B	0.16%	0.07%	0.07%
	SPGI	C	0.07%	0.2%	0.07%
	STLD	C	0.05%	0.02%	0.02%
	STZ	C	0.05%	0.06%	0.05%
	SUI	C	0.06%	0.03%	0.03%
	SYF	C	0.33%	0.02%	0.02%
	SYY	C	0.07%	0.05%	0.05%
	T	B	1.31%	0.17%	0.17%
	TAP	D	0.09%	0.02%	0.02%
	TDG	B	0.17%	0.09%	0.09%
	TER	C	0.04%	0.02%	0.02%
	TFC	D	0.09%	0.07%	0.07%
	TGT	C	0.74%	0.06%	0.06%
	TJX	C	0.36%	0.16%	0.16%
	TMUS	B	0.33%	0.29%	0.29%
	TRGP	C	0.14%	0.04%	0.04%
	TROW	C	0.08%	0.04%	0.04%
	TRV	C	0.34%	0.06%	0.06%
	TSCO	B	0.07%	0.03%	0.03%
	TSN	D	0.23%	0.03%	0.03%
	TTWO	D	0.08%	0.03%	0.03%
	TW	B	0.05%	0.03%	0.03%
	TXN	B	0.22%	0.21%	0.21%
	TXT	D	0.03%	0.02%	0.02%
	TYL	C	0.08%	0.03%	0.03%
	UAL	B	0.01%	0.03%	0.01%
	UBER	C	0.24%	0.18%	0.18%
	ULTA	D	0.05%	0.03%	0.03%
	UNP	D	0.5%	0.17%	0.17%
	UPS	D	0.2%	0.14%	0.14%
	URI	B	0.11%	0.06%	0.06%
	USB	C	0.12%	0.06%	0.06%
	V	C	0.92%	0.71%	0.71%
	VLO	F	0.58%	0.05%	0.05%
	VMC	C	0.07%	0.04%	0.04%
	VRSK	D	0.21%	0.05%	0.05%
	VRSN	C	0.04%	0.01%	0.01%
	VRTX	D	0.23%	0.15%	0.15%
	VST	B	0.32%	0.03%	0.03%
	VZ	A	1.07%	0.18%	0.18%
	WAB	B	0.05%	0.04%	0.04%
	WAT	B	0.05%	0.02%	0.02%
	WBA	F	0.15%	0.02%	0.02%
	WDC	C	0.16%	0.03%	0.03%
	WELL	C	0.11%	0.08%	0.08%
	WFC	D	1.49%	0.24%	0.24%
	WM	D	0.24%	0.09%	0.09%
	WMB	C	0.08%	0.06%	0.06%
	WMT	B	1.99%	0.73%	0.73%
	WPC	C	0.06%	0.03%	0.03%
	WRB	D	0.02%	0.02%	0.02%
	WSM	C	0.26%	0.02%	0.02%
	WSO	C	0.23%	0.02%	0.02%
	WST	D	0.05%	0.03%	0.03%
	XOM	D	1.08%	0.62%	0.62%
	XYL	C	0.12%	0.04%	0.04%
	YUM	B	0.11%	0.04%	0.04%
	ZTS	B	0.04%	0.11%	0.04%

MFUS Overweight 431 Positions Relative to NTSX

	Symbol	Grade	Weight
	THC	C	0.3%
	ANF	D	0.29%
	LYB	D	0.22%
	SFM	B	0.21%
	ETN	C	0.21%
	DVA	B	0.2%
	AON	B	0.2%
	ACN	C	0.19%
	MUSA	D	0.18%
	CB	B	0.17%
	UTHR	B	0.17%
	CASY	D	0.16%
	VTRS	D	0.15%
	JNPR	A	0.14%
	STE	B	0.13%
	EVR	B	0.13%
	UNM	B	0.12%
	FTI	D	0.12%
	AOS	B	0.12%
	CRS	C	0.12%
	GPK	C	0.11%
	JKHY	B	0.11%
	TOL	A	0.11%
	ALLY	F	0.11%
	AEO	D	0.1%
	HRB	C	0.1%
	PNR	B	0.1%
	USFD	C	0.1%
	SLB	F	0.1%
	GPI	B	0.1%
	JXN	B	0.1%
	LUMN	C	0.1%
	DKS	D	0.1%
	CACI	B	0.1%
	UHS	C	0.1%
	LECO	D	0.09%
	ALSN	B	0.09%
	EHC	B	0.09%
	BWXT	A	0.09%
	WCC	C	0.09%
	MTH	C	0.09%
	ITT	B	0.09%
	LSTR	D	0.09%
	RCL	B	0.09%
	TMHC	B	0.09%
	AN	C	0.09%
	CHRW	B	0.09%
	CW	B	0.09%
	EQH	C	0.08%
	GAP	F	0.08%
	OSK	F	0.08%
	NRG	B	0.08%
	UFPI	C	0.08%
	TTC	F	0.08%
	SLG	C	0.08%
	AIZ	B	0.08%
	OGN	D	0.08%
	WU	C	0.08%
	HLI	C	0.08%
	AYI	B	0.08%
	EXP	B	0.07%
	R	C	0.07%
	SCI	C	0.07%
	EMN	B	0.07%
	NSIT	C	0.07%
	GNTX	D	0.07%
	CRI	D	0.07%
	PBF	F	0.07%
	BC	C	0.07%
	SLM	C	0.07%
	BCC	C	0.07%
	VNO	B	0.07%
	SEE	C	0.07%
	TEX	F	0.07%
	MLI	B	0.07%
	ABG	D	0.07%
	THO	C	0.07%
	ARW	B	0.07%
	CALM	B	0.07%
	FCN	C	0.07%
	CCK	B	0.07%
	LPX	B	0.07%
	SEIC	B	0.07%
	CMC	D	0.07%
	CNX	B	0.07%
	ATR	B	0.07%
	X	F	0.07%
	SIG	C	0.06%
	SANM	D	0.06%
	IBKR	B	0.06%
	KSS	D	0.06%
	JLL	B	0.06%
	URBN	F	0.06%
	MMS	B	0.06%
	FL	F	0.06%
	HCC	D	0.06%
	BERY	B	0.06%
	KD	F	0.06%
	IVZ	B	0.06%
	FIX	B	0.06%
	CHE	C	0.06%
	TPH	C	0.06%
	FLEX	B	0.06%
	CPT	C	0.06%
	MHO	B	0.06%
	MSM	D	0.06%
	KTB	B	0.06%
	PK	D	0.06%
	INGR	B	0.06%
	TPX	B	0.06%
	MOG.A	B	0.05%
	CRUS	D	0.05%
	LANC	F	0.05%
	WHR	C	0.05%
	GNRC	D	0.05%
	NFG	B	0.05%
	CLH	C	0.05%
	ATI	C	0.05%
	KBH	C	0.05%
	CUBE	C	0.05%
	BTU	C	0.05%
	NOV	F	0.05%
	BDC	B	0.05%
	AVT	B	0.05%
	SLGN	B	0.05%
	PAG	D	0.05%
	M	F	0.05%
	SMG	B	0.05%
	COOP	C	0.05%
	BWA	C	0.05%
	ATGE	C	0.05%
	WTW	B	0.05%
	TKR	C	0.05%
	AMG	C	0.05%
	MUR	F	0.05%
	MAC	B	0.05%
	MTN	D	0.05%
	LOPE	D	0.05%
	CBT	B	0.05%
	WEN	C	0.05%
	RGA	C	0.05%
	SKYW	C	0.05%
	TXRH	B	0.05%
	LNC	C	0.05%
	VIRT	C	0.05%
	LAMR	B	0.05%
	NYT	B	0.05%
	NXST	D	0.05%
	G	C	0.05%
	POST	B	0.05%
	CCL	C	0.05%
	GEO	F	0.04%
	HSIC	C	0.04%
	PDCO	F	0.04%
	GT	F	0.04%
	TDS	B	0.04%
	SEM	D	0.04%
	DBRG	D	0.04%
	BHF	F	0.04%
	TRN	C	0.04%
	VSH	F	0.04%
	CVLT	B	0.04%
	SBH	B	0.04%
	BLD	C	0.04%
	SLVM	C	0.04%
	HBI	A	0.04%
	EME	B	0.04%
	WTM	F	0.04%
	MSA	D	0.04%
	JEF	C	0.04%
	JHG	B	0.04%
	UHAL	B	0.04%
	JWN	C	0.04%
	ACA	B	0.04%
	APG	F	0.04%
	COLD	D	0.04%
	PSTG	F	0.04%
	FND	C	0.04%
	XPO	D	0.04%
	VC	F	0.04%
	CMA	C	0.04%
	APLE	C	0.04%
	DDS	D	0.04%
	HUBG	C	0.04%
	OMF	D	0.04%
	SON	D	0.04%
	OI	D	0.04%
	GMS	C	0.04%
	AROC	D	0.04%
	ASO	D	0.04%
	FHI	B	0.04%
	GATX	D	0.04%
	NBIX	F	0.04%
	SAIA	D	0.04%
	OLN	D	0.04%
	RL	B	0.04%
	RGLD	C	0.04%
	TGNA	C	0.04%
	AES	C	0.04%
	ABM	D	0.04%
	GNW	C	0.04%
	CNO	C	0.04%
	AR	C	0.04%
	PVH	D	0.04%
	FLO	C	0.04%
	XRAY	D	0.04%
	HXL	F	0.04%
	PR	F	0.04%
	MAN	C	0.04%
	GVA	B	0.04%
	RRC	D	0.04%
	AGNC	B	0.04%
	MTG	B	0.04%
	DCI	C	0.04%
	SRCL	B	0.04%
	FFIV	B	0.04%
	SEB	D	0.04%
	THG	C	0.04%
	WERN	C	0.03%
	PLXS	B	0.03%
	PINC	D	0.03%
	AXTA	B	0.03%
	DRH	C	0.03%
	NEU	D	0.03%
	VNT	F	0.03%
	BKE	B	0.03%
	RYN	C	0.03%
	UNF	B	0.03%
	COHR	C	0.03%
	SHO	C	0.03%
	ADNT	D	0.03%
	STC	C	0.03%
	COKE	C	0.03%
	LZB	C	0.03%
	THS	C	0.03%
	ZION	D	0.03%
	MATX	B	0.03%
	NVT	C	0.03%
	HOG	C	0.03%
	OKTA	F	0.03%
	FR	C	0.03%
	RLI	B	0.03%
	SSD	C	0.03%
	VVV	D	0.03%
	BURL	C	0.03%
	BKU	D	0.03%
	DK	F	0.03%
	PRG	C	0.03%
	BRKR	D	0.03%
	YELP	D	0.03%
	BFAM	C	0.03%
	NAVI	D	0.03%
	UDR	C	0.03%
	MC	C	0.03%
	AWI	B	0.03%
	MDU	B	0.03%
	SM	F	0.03%
	WH	B	0.03%
	HOOD	C	0.03%
	TFX	B	0.03%
	HP	F	0.03%
	RPRX	C	0.03%
	GBX	D	0.03%
	BJ	D	0.03%
	AVA	B	0.03%
	AMKR	F	0.03%
	LEA	D	0.03%
	WTS	C	0.03%
	RUSHA	C	0.03%
	DLB	D	0.03%
	SHOO	B	0.03%
	PRIM	B	0.03%
	DOX	C	0.03%
	DINO	F	0.03%
	CWEN	A	0.02%
	LAUR	C	0.02%
	OLLI	C	0.02%
	ESNT	B	0.02%
	PTEN	F	0.02%
	KEX	C	0.02%
	DAN	D	0.02%
	BHE	C	0.02%
	TTEK	C	0.02%
	PHIN	C	0.02%
	SCS	D	0.02%
	WAL	B	0.02%
	DNOW	F	0.02%
	SATS	C	0.02%
	PARA	D	0.02%
	LXP	C	0.02%
	VFC	B	0.02%
	NWL	C	0.02%
	CHDN	D	0.02%
	APOG	B	0.02%
	RHI	D	0.02%
	LEG	D	0.02%
	SNDR	B	0.02%
	EWBC	C	0.02%
	ODP	F	0.02%
	HNI	C	0.02%
	BXP	C	0.02%
	ANDE	D	0.02%
	DORM	C	0.02%
	GES	F	0.02%
	OSIS	C	0.02%
	MCY	C	0.02%
	SAM	D	0.02%
	IGT	D	0.02%
	XRX	D	0.02%
	GWRE	B	0.02%
	BBWI	D	0.02%
	CC	D	0.02%
	DXC	D	0.02%
	PMT	C	0.02%
	RLJ	D	0.02%
	AGCO	D	0.02%
	EPC	F	0.02%
	NTCT	C	0.02%
	XHR	B	0.02%
	SXT	B	0.02%
	KBR	D	0.02%
	GHC	B	0.02%
	NSP	F	0.02%
	AIT	B	0.02%
	VSTO	C	0.02%
	PSN	B	0.02%
	REZI	D	0.02%
	MKTX	D	0.02%
	FLS	C	0.02%
	GMED	D	0.02%
	CXW	F	0.02%
	HAE	D	0.02%
	WMS	D	0.02%
	CTLT	B	0.02%
	KMPR	D	0.02%
	GEF	C	0.02%
	HII	F	0.02%
	SKX	C	0.02%
	ORA	B	0.02%
	PFSI	C	0.02%
	LNW	F	0.02%
	CHRD	F	0.02%
	AIR	D	0.02%
	AA	C	0.02%
	EXEL	C	0.02%
	TDC	D	0.02%
	MASI	C	0.02%
	FAF	B	0.02%
	PNM	B	0.02%
	APAM	C	0.02%
	KNX	C	0.01%
	AAP	F	0.01%
	SCHL	D	0.01%
	UHAL	B	0.01%
	SCL	D	0.01%
	ARCH	D	0.01%
	JAZZ	D	0.01%
	QRVO	F	0.01%
	KALU	D	0.01%
	LYFT	D	0.01%
	CACC	F	0.01%
	MKSI	F	0.01%
	UVV	D	0.01%
	ESI	C	0.01%
	SWN	C	0.01%
	TPR	A	0.01%
	ECPG	D	0.01%
	WGO	D	0.01%
	ELAN	D	0.01%
	HUN	C	0.01%
	SWX	C	0.01%
	MTDR	F	0.01%
	MLKN	F	0.01%
	HELE	D	0.01%
	WOR	F	0.01%
	BECN	F	0.01%
	SIGI	D	0.01%
	SYNA	D	0.01%
	PECO	C	0.01%
	AMED	D	0.01%
	ESAB	C	0.01%
	HPP	F	0.01%
	CENTA	F	0.01%
	AFG	C	0.01%
	WAFD	D	0.01%
	FHN	D	0.01%
	FLR	D	0.01%
	BRC	B	0.01%
	CNM	F	0.01%
	SPB	B	0.01%
	JELD	D	0.01%
	DTM	C	0.01%
	JBGS	C	0.01%
	FELE	B	0.01%
	WMK	D	0.01%
	KN	D	0.01%
	WTFC	C	0.01%
	TTMI	D	0.01%
	SAIC	C	0.01%
	ARCB	D	0.01%
	CADE	C	0.01%
	DY	C	0.01%
	CBSH	D	0.01%
	ONB	D	0.01%
	STRA	F	0.01%
	CSGS	C	0.01%
	CR	B	0.01%
	CPRI	D	0.01%
	SF	B	0.01%
	WWD	C	0.01%
	WBS	C	0.01%
	CBRL	D	0.01%
	RBC	B	0.01%
	TREX	F	0.01%
	LADR	D	0.01%
	GOLF	F	0.01%
	DEI	B	0.01%
	NNI	C	0.01%
	CVI	F	0.01%
	SAH	D	0.01%
	MHK	B	0.01%
	AMWD	C	0.01%
	IOSP	F	0.01%
	LAD	B	0.01%
	OMI	D	0.01%
	TNET	F	0.01%
	FYBR	C	0.01%
	SNV	D	0.01%
	PSMT	B	0.01%
	NOMD	C	0.0%
	WOLF	F	0.0%

MFUS Underweight 141 Positions Relative to NTSX

	Symbol	Grade	Weight
	MSFT	C	-3.91%
	TSLA	C	-0.93%
	UNH	C	-0.63%
	AMD	C	-0.31%
	TMO	B	-0.3%
	ABT	C	-0.25%
	RTX	B	-0.2%
	MS	B	-0.2%
	ISRG	C	-0.2%
	NEE	B	-0.19%
	BLK	B	-0.17%
	SYK	C	-0.17%
	HON	C	-0.15%
	DIS	D	-0.15%
	ADI	C	-0.14%
	DE	A	-0.14%
	SO	B	-0.12%
	PLD	C	-0.12%
	AMT	C	-0.11%
	ABNB	D	-0.1%
	PLTR	C	-0.1%
	BA	F	-0.1%
	FDX	D	-0.09%
	MRVL	D	-0.09%
	CDNS	D	-0.09%
	SNPS	F	-0.09%
	WDAY	D	-0.08%
	GEV	B	-0.08%
	CRWD	D	-0.08%
	O	B	-0.07%
	TTD	B	-0.07%
	SRE	B	-0.07%
	DHI	C	-0.07%
	NSC	C	-0.07%
	APD	B	-0.07%
	MCHP	D	-0.06%
	IQV	D	-0.06%
	ET	C	-0.06%
	OXY	F	-0.06%
	EPD	C	-0.06%
	AEP	C	-0.06%
	DVN	F	-0.05%
	AME	C	-0.05%
	DAL	C	-0.05%
	PYPL	B	-0.05%
	CNC	D	-0.05%
	EW	F	-0.05%
	VICI	C	-0.05%
	HES	F	-0.05%
	CTSH	B	-0.05%
	TEAM	D	-0.05%
	PCG	C	-0.05%
	KVUE	B	-0.05%
	HUBS	D	-0.04%
	RBLX	C	-0.04%
	VRT	C	-0.04%
	DTE	A	-0.04%
	FTV	C	-0.04%
	LYV	A	-0.04%
	EQR	C	-0.04%
	ON	D	-0.04%
	ED	B	-0.04%
	ALNY	C	-0.04%
	MPLX	B	-0.04%
	EIX	B	-0.04%
	ROK	D	-0.04%
	VEEV	C	-0.04%
	WEC	B	-0.04%
	DDOG	D	-0.04%
	CBRE	B	-0.04%
	CNP	C	-0.03%
	WMG	D	-0.03%
	MGM	D	-0.03%
	ZBRA	B	-0.03%
	ZM	C	-0.03%
	WLK	C	-0.03%
	DKNG	C	-0.03%
	KEYS	B	-0.03%
	SSNC	C	-0.03%
	PPL	A	-0.03%
	FSLR	C	-0.03%
	RF	B	-0.03%
	VLTO	B	-0.03%
	TDY	B	-0.03%
	XEL	B	-0.03%
	FE	B	-0.03%
	VTR	C	-0.03%
	SQ	D	-0.03%
	ETR	A	-0.03%
	CSGP	D	-0.03%
	AEE	B	-0.03%
	HUM	F	-0.03%
	ZS	F	-0.03%
	STT	B	-0.03%
	AVB	C	-0.03%
	AXON	B	-0.03%
	NET	D	-0.03%
	GPN	D	-0.02%
	MDB	D	-0.02%
	SOLV	D	-0.02%
	SNA	B	-0.02%
	RIVN	F	-0.02%
	OVV	F	-0.02%
	DXCM	F	-0.02%
	LNT	A	-0.02%
	ROKU	D	-0.02%
	TWLO	C	-0.02%
	BSY	C	-0.02%
	D	C	-0.02%
	MRNA	F	-0.02%
	CCI	C	-0.02%
	DT	C	-0.02%
	J	A	-0.02%
	ATO	B	-0.02%
	PODD	C	-0.02%
	EXPE	C	-0.02%
	SNOW	F	-0.02%
	WY	C	-0.02%
	AGR	C	-0.02%
	LKQ	F	-0.02%
	ESS	C	-0.02%
	CMS	B	-0.02%
	TPL	C	-0.02%
	AWK	C	-0.02%
	MAA	C	-0.02%
	SWK	B	-0.02%
	KIM	C	-0.02%
	IOT	C	-0.02%
	CF	B	-0.01%
	EQT	C	-0.01%
	LUV	C	-0.01%
	ES	B	-0.01%
	WBD	D	-0.01%
	ILMN	D	-0.01%
	SWKS	F	-0.01%
	ARE	C	-0.01%
	ENPH	D	-0.01%
	ZBH	F	-0.01%
	ALB	D	-0.0%
	EPAM	F	-0.0%
	EL	D	-0.0%

MFUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Insurance Chemical Aerospace Computing Mining Natural Gas Electronics Bank Banking Real Estate Investment Trust Telecommunications Transport Building Materials Construction Retailing Beverage Dow Jones Component Plastic

NTSX: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Asset Management Business Services Semiconductors Banks - Regional - US Capital Markets Diagnostics & Research Oil & Gas E&P Aerospace & Defense Drug Manufacturers - Major Packaged Foods Specialty Retail REIT - Residential Software - Infrastructure Specialty Chemicals Credit Services Health Care Plans Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Insurance Dow Jones Component Electricity Electronics Aerospace Bank Semiconductor Telecommunications Chemical Real Estate Investment Trust Banking Cloud Computing Medicine Mining Investment Bank Petroleum Industry