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

$51.89

Average Daily Volume

5,619

Number of Holdings ^*

815

* 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

$47.77

Average Daily Volume

65,580

Number of Holdings ^*

494

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	NTSX
30 Days	2.73%	2.69%
60 Days	3.41%	2.16%
90 Days	5.38%	4.05%
12 Months	32.49%	29.88%

372 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in NTSX	Overlap
A	D	0.05%	0.08%	0.05%
AAPL	C	0.96%	6.6%	0.96%
ABBV	D	1.36%	0.58%	0.58%
ACI	C	0.01%	0.02%	0.01%
ACM	B	0.03%	0.03%	0.03%
ADBE	C	0.04%	0.45%	0.04%
ADM	D	0.22%	0.04%	0.04%
ADP	B	0.11%	0.25%	0.11%
ADSK	A	0.09%	0.12%	0.09%
AEP	D	0.08%	0.1%	0.08%
AFL	B	0.21%	0.11%	0.11%
AIG	B	0.34%	0.11%	0.11%
AJG	B	0.16%	0.12%	0.12%
AKAM	D	0.02%	0.03%	0.02%
ALGN	F	0.01%	0.02%	0.01%
ALL	A	0.26%	0.1%	0.1%
ALNY	D	0.06%	0.06%	0.06%
AMAT	F	0.55%	0.3%	0.3%
AMGN	D	0.94%	0.31%	0.31%
AMH	D	0.04%	0.02%	0.02%
AMP	A	0.18%	0.11%	0.11%
AMT	D	0.13%	0.14%	0.13%
AMZN	C	1.71%	4.13%	1.71%
ANET	C	0.14%	0.23%	0.14%
ANSS	B	0.05%	0.05%	0.05%
APH	A	0.12%	0.15%	0.12%
APP	B	0.11%	0.18%	0.11%
ARES	A	0.09%	0.06%	0.06%
ATO	A	0.02%	0.04%	0.02%
AVB	B	0.03%	0.06%	0.03%
AVGO	D	1.59%	1.55%	1.55%
AVTR	F	0.03%	0.03%	0.03%
AVY	D	0.09%	0.03%	0.03%
AXP	A	0.23%	0.39%	0.23%
AZO	C	0.28%	0.1%	0.1%
BAC	A	0.45%	0.68%	0.45%
BAH	F	0.15%	0.04%	0.04%
BALL	D	0.07%	0.04%	0.04%
BAX	D	0.04%	0.04%	0.04%
BBY	D	0.21%	0.03%	0.03%
BDX	F	0.11%	0.14%	0.11%
BEN	C	0.02%	0.04%	0.02%
BIIB	F	0.07%	0.03%	0.03%
BK	A	0.18%	0.11%	0.11%
BKNG	A	0.42%	0.32%	0.32%
BKR	B	0.08%	0.07%	0.07%
BLDR	D	0.04%	0.04%	0.04%
BMRN	D	0.01%	0.03%	0.01%
BMY	B	0.41%	0.2%	0.2%
BR	A	0.17%	0.05%	0.05%
BRK.A	B	2.42%	1.92%	1.92%
BRO	B	0.12%	0.05%	0.05%
BSX	B	0.2%	0.23%	0.2%
BX	A	0.13%	0.41%	0.13%
C	A	0.69%	0.22%	0.22%
CAG	D	0.04%	0.04%	0.04%
CAH	B	0.27%	0.06%	0.06%
CARR	D	0.05%	0.11%	0.05%
CAT	B	0.2%	0.37%	0.2%
CBRE	B	0.05%	0.08%	0.05%
CCI	D	0.07%	0.03%	0.03%
CDW	F	0.03%	0.05%	0.03%
CE	F	0.02%	0.02%	0.02%
CEG	D	0.11%	0.14%	0.11%
CFG	B	0.04%	0.04%	0.04%
CG	A	0.03%	0.04%	0.03%
CHD	B	0.07%	0.05%	0.05%
CHTR	C	0.3%	0.13%	0.13%
CI	F	0.13%	0.19%	0.13%
CINF	A	0.02%	0.05%	0.02%
CL	D	0.35%	0.14%	0.14%
CLX	B	0.12%	0.03%	0.03%
CMCSA	B	0.16%	0.28%	0.16%
CME	A	0.14%	0.16%	0.14%
CMG	B	0.2%	0.16%	0.16%
CMI	A	0.14%	0.09%	0.09%
CMS	C	0.03%	0.04%	0.03%
CNC	D	0.04%	0.06%	0.04%
COF	B	0.29%	0.14%	0.14%
COIN	C	0.1%	0.13%	0.1%
COP	C	0.07%	0.25%	0.07%
COR	B	0.17%	0.08%	0.08%
COST	B	1.35%	0.77%	0.77%
CPAY	A	0.03%	0.06%	0.03%
CPB	D	0.04%	0.02%	0.02%
CPNG	D	0.04%	0.08%	0.04%
CPRT	A	0.09%	0.1%	0.09%
CRBG	B	0.04%	0.04%	0.04%
CSCO	B	0.68%	0.48%	0.48%
CSL	C	0.02%	0.04%	0.02%
CSX	B	0.11%	0.15%	0.11%
CTAS	B	0.19%	0.16%	0.16%
CTVA	C	0.04%	0.08%	0.04%
CVS	D	0.65%	0.09%	0.09%
CVX	A	0.39%	0.56%	0.39%
D	C	0.07%	0.03%	0.03%
DASH	A	0.11%	0.13%	0.11%
DD	D	0.1%	0.07%	0.07%
DECK	A	0.17%	0.05%	0.05%
DELL	C	0.03%	0.2%	0.03%
DFS	B	0.1%	0.08%	0.08%
DG	F	0.09%	0.0%	0.0%
DGX	A	0.09%	0.04%	0.04%
DHI	D	0.06%	0.1%	0.06%
DHR	F	0.24%	0.33%	0.24%
DLR	B	0.09%	0.11%	0.09%
DLTR	F	0.03%	0.04%	0.03%
DOV	A	0.04%	0.05%	0.04%
DOW	F	0.02%	0.04%	0.02%
DPZ	C	0.13%	0.03%	0.03%
DRI	B	0.03%	0.06%	0.03%
DTE	C	0.02%	0.06%	0.02%
DUK	C	0.13%	0.17%	0.13%
EA	A	0.18%	0.07%	0.07%
EBAY	D	0.36%	0.06%	0.06%
ECL	D	0.08%	0.12%	0.08%
ED	D	0.05%	0.06%	0.05%
EFX	F	0.11%	0.06%	0.06%
EIX	B	0.05%	0.07%	0.05%
ELS	C	0.04%	0.03%	0.03%
ELV	F	0.16%	0.19%	0.16%
EMR	A	0.09%	0.15%	0.09%
EQR	B	0.04%	0.06%	0.04%
ERIE	D	0.04%	0.03%	0.03%
ES	D	0.03%	0.01%	0.01%
ESS	B	0.04%	0.04%	0.04%
ETR	B	0.05%	0.06%	0.05%
EVRG	A	0.02%	0.06%	0.02%
EXC	C	0.07%	0.1%	0.07%
EXPD	D	0.11%	0.02%	0.02%
EXR	D	0.11%	0.07%	0.07%
F	C	0.16%	0.09%	0.09%
FANG	D	0.05%	0.06%	0.05%
FAST	B	0.13%	0.08%	0.08%
FCNCA	A	0.06%	0.06%	0.06%
FDS	B	0.04%	0.03%	0.03%
FE	C	0.03%	0.05%	0.03%
FI	A	0.19%	0.24%	0.19%
FICO	B	0.25%	0.1%	0.1%
FIS	C	0.07%	0.11%	0.07%
FITB	A	0.04%	0.05%	0.04%
FNF	B	0.03%	0.03%	0.03%
FOXA	B	0.11%	0.05%	0.05%
FTNT	C	0.07%	0.14%	0.07%
GD	F	0.24%	0.15%	0.15%
GDDY	A	0.12%	0.04%	0.04%
GE	D	0.56%	0.36%	0.36%
GEHC	F	0.07%	0.07%	0.07%
GEN	B	0.11%	0.04%	0.04%
GGG	B	0.03%	0.03%	0.03%
GILD	C	0.87%	0.23%	0.23%
GIS	D	0.17%	0.08%	0.08%
GLPI	C	0.07%	0.05%	0.05%
GLW	B	0.2%	0.08%	0.08%
GM	B	0.4%	0.14%	0.14%
GS	A	0.41%	0.36%	0.36%
GWW	B	0.21%	0.09%	0.09%
H	B	0.01%	0.03%	0.01%
HBAN	A	0.03%	0.03%	0.03%
HCA	F	0.25%	0.17%	0.17%
HD	A	0.62%	0.75%	0.62%
HEI	B	0.04%	0.06%	0.04%
HIG	B	0.06%	0.07%	0.06%
HLT	A	0.1%	0.12%	0.1%
HOLX	D	0.03%	0.03%	0.03%
HPE	B	0.11%	0.06%	0.06%
HPQ	A	0.28%	0.08%	0.08%
HRL	D	0.02%	0.04%	0.02%
HST	C	0.02%	0.04%	0.02%
HSY	F	0.05%	0.08%	0.05%
HUBB	B	0.03%	0.04%	0.03%
HWM	A	0.17%	0.09%	0.09%
IBM	C	1.05%	0.37%	0.37%
ICE	C	0.29%	0.17%	0.17%
IDXX	F	0.05%	0.07%	0.05%
IEX	B	0.09%	0.03%	0.03%
IFF	D	0.03%	0.02%	0.02%
INCY	C	0.01%	0.05%	0.01%
INTC	D	0.2%	0.15%	0.15%
INVH	D	0.04%	0.05%	0.04%
IP	B	0.09%	0.04%	0.04%
IPG	D	0.04%	0.04%	0.04%
IR	B	0.09%	0.08%	0.08%
IRM	D	0.12%	0.06%	0.06%
ISRG	A	0.29%	0.35%	0.29%
IT	C	0.15%	0.08%	0.08%
ITW	B	0.1%	0.15%	0.1%
JBHT	C	0.02%	0.02%	0.02%
JBL	B	0.03%	0.03%	0.03%
JNJ	D	1.18%	0.69%	0.69%
JPM	A	0.99%	1.3%	0.99%
K	A	0.15%	0.05%	0.05%
KDP	D	0.07%	0.09%	0.07%
KEY	B	0.03%	0.04%	0.03%
KHC	F	0.15%	0.05%	0.05%
KIM	A	0.02%	0.04%	0.02%
KKR	A	0.15%	0.25%	0.15%
KLAC	D	0.23%	0.17%	0.17%
KMB	D	0.16%	0.09%	0.09%
KMI	A	0.11%	0.1%	0.1%
KO	D	1.0%	0.5%	0.5%
KR	B	0.38%	0.07%	0.07%
L	A	0.06%	0.03%	0.03%
LBRDK	C	0.03%	0.04%	0.03%
LDOS	C	0.11%	0.05%	0.05%
LEN	D	0.06%	0.09%	0.06%
LHX	C	0.26%	0.09%	0.09%
LII	A	0.21%	0.03%	0.03%
LLY	F	2.39%	1.48%	1.48%
LMT	D	0.75%	0.26%	0.26%
LNT	A	0.02%	0.03%	0.02%
LOW	D	0.35%	0.29%	0.29%
LPLA	A	0.07%	0.05%	0.05%
LRCX	F	0.17%	0.2%	0.17%
LW	C	0.03%	0.0%	0.0%
MA	C	0.28%	0.97%	0.28%
MAA	B	0.02%	0.04%	0.02%
MANH	D	0.03%	0.03%	0.03%
MAR	B	0.04%	0.16%	0.04%
MAS	D	0.06%	0.03%	0.03%
MCD	D	0.53%	0.41%	0.41%
MCK	B	0.63%	0.16%	0.16%
MCO	B	0.15%	0.15%	0.15%
MDLZ	F	0.23%	0.18%	0.18%
MET	A	0.32%	0.13%	0.13%
META	D	2.35%	2.89%	2.35%
MKC	D	0.05%	0.04%	0.04%
MLM	B	0.07%	0.07%	0.07%
MMC	B	0.2%	0.21%	0.2%
MMM	D	0.6%	0.14%	0.14%
MNST	C	0.07%	0.12%	0.07%
MO	A	0.73%	0.17%	0.17%
MORN	B	0.03%	0.03%	0.03%
MOS	F	0.01%	0.03%	0.01%
MPC	D	0.34%	0.12%	0.12%
MPWR	F	0.06%	0.06%	0.06%
MRK	F	0.84%	0.48%	0.48%
MRO	B	0.03%	0.03%	0.03%
MS	A	0.22%	0.42%	0.22%
MSCI	C	0.07%	0.09%	0.07%
MSI	B	0.2%	0.15%	0.15%
MTB	A	0.04%	0.06%	0.04%
MTD	D	0.08%	0.05%	0.05%
MU	D	0.16%	0.23%	0.16%
NDAQ	A	0.05%	0.08%	0.05%
NDSN	B	0.04%	0.03%	0.03%
NEE	D	0.22%	0.28%	0.22%
NEM	D	0.16%	0.09%	0.09%
NFLX	A	0.52%	0.7%	0.52%
NKE	D	0.06%	0.22%	0.06%
NOC	D	0.35%	0.15%	0.15%
NOW	A	0.36%	0.41%	0.36%
NSC	B	0.07%	0.12%	0.07%
NTAP	C	0.1%	0.05%	0.05%
NTRS	A	0.03%	0.05%	0.03%
NUE	C	0.08%	0.09%	0.08%
NVDA	C	1.9%	7.09%	1.9%
NVR	D	0.09%	0.05%	0.05%
NWSA	B	0.04%	0.04%	0.04%
O	D	0.05%	0.1%	0.05%
OC	A	0.02%	0.03%	0.02%
ODFL	B	0.02%	0.1%	0.02%
OKE	A	0.1%	0.12%	0.1%
OMC	C	0.06%	0.05%	0.05%
ORCL	B	1.52%	0.98%	0.98%
ORLY	B	0.2%	0.13%	0.13%
OTIS	C	0.07%	0.07%	0.07%
PANW	C	0.25%	0.24%	0.24%
PAYX	C	0.04%	0.11%	0.04%
PEG	A	0.06%	0.08%	0.06%
PEP	F	0.74%	0.4%	0.4%
PFE	D	0.57%	0.22%	0.22%
PFG	D	0.01%	0.05%	0.01%
PG	A	1.01%	0.76%	0.76%
PGR	A	0.59%	0.28%	0.28%
PH	A	0.14%	0.17%	0.14%
PHM	D	0.1%	0.05%	0.05%
PKG	A	0.1%	0.04%	0.04%
PLTR	B	0.23%	0.27%	0.23%
PM	B	0.87%	0.36%	0.36%
PNC	B	0.12%	0.14%	0.12%
POOL	C	0.07%	0.03%	0.03%
PPG	F	0.04%	0.08%	0.04%
PPL	B	0.04%	0.05%	0.04%
PRU	A	0.23%	0.1%	0.1%
PSA	D	0.09%	0.11%	0.09%
PSX	C	0.23%	0.11%	0.11%
PTC	A	0.04%	0.04%	0.04%
PWR	A	0.12%	0.09%	0.09%
PYPL	B	0.12%	0.09%	0.09%
QCOM	F	0.77%	0.35%	0.35%
REGN	F	0.36%	0.17%	0.17%
RF	A	0.02%	0.05%	0.02%
RMD	C	0.16%	0.07%	0.07%
ROL	B	0.07%	0.04%	0.04%
ROP	B	0.06%	0.1%	0.06%
RPM	A	0.13%	0.02%	0.02%
RS	B	0.04%	0.03%	0.03%
RSG	A	0.13%	0.1%	0.1%
RTX	C	0.22%	0.33%	0.22%
SBAC	D	0.03%	0.02%	0.02%
SBUX	A	0.09%	0.21%	0.09%
SCCO	F	0.0%	0.15%	0.0%
SCHW	B	0.05%	0.26%	0.05%
SHW	A	0.22%	0.18%	0.18%
SJM	D	0.04%	0.01%	0.01%
SMCI	F	0.05%	0.01%	0.01%
SO	D	0.13%	0.18%	0.13%
SPG	B	0.16%	0.12%	0.12%
SPGI	C	0.29%	0.31%	0.29%
SQ	A	0.06%	0.07%	0.06%
SRE	A	0.08%	0.13%	0.08%
SSNC	B	0.02%	0.04%	0.02%
STLD	B	0.04%	0.04%	0.04%
STZ	D	0.06%	0.09%	0.06%
SUI	D	0.05%	0.04%	0.04%
SYF	B	0.31%	0.05%	0.05%
SYY	B	0.12%	0.08%	0.08%
T	A	0.73%	0.28%	0.28%
TAP	C	0.09%	0.04%	0.04%
TDG	D	0.15%	0.14%	0.14%
TER	D	0.03%	0.03%	0.03%
TFC	A	0.09%	0.13%	0.09%
TGT	F	0.74%	0.1%	0.1%
TJX	A	0.37%	0.26%	0.26%
TMO	F	0.28%	0.42%	0.28%
TMUS	B	0.43%	0.56%	0.43%
TRGP	B	0.11%	0.09%	0.09%
TROW	B	0.09%	0.07%	0.07%
TRV	B	0.2%	0.11%	0.11%
TSCO	D	0.11%	0.06%	0.06%
TSN	B	0.18%	0.05%	0.05%
TTWO	A	0.07%	0.07%	0.07%
TW	A	0.06%	0.05%	0.05%
TXN	C	0.29%	0.36%	0.29%
TYL	C	0.08%	0.05%	0.05%
UAL	A	0.02%	0.08%	0.02%
UBER	D	0.21%	0.28%	0.21%
ULTA	F	0.04%	0.04%	0.04%
UNH	C	0.79%	1.09%	0.79%
UNP	C	0.51%	0.26%	0.26%
UPS	C	0.24%	0.22%	0.22%
URI	B	0.09%	0.1%	0.09%
USB	A	0.11%	0.11%	0.11%
V	A	0.31%	1.25%	0.31%
VLO	C	0.16%	0.09%	0.09%
VLTO	D	0.04%	0.05%	0.04%
VRSK	A	0.16%	0.08%	0.08%
VRSN	F	0.04%	0.01%	0.01%
VRTX	F	0.22%	0.24%	0.22%
VST	B	0.23%	0.08%	0.08%
VTR	C	0.04%	0.05%	0.04%
VZ	C	1.0%	0.26%	0.26%
WAB	B	0.05%	0.07%	0.05%
WAT	B	0.05%	0.04%	0.04%
WBA	F	0.12%	0.03%	0.03%
WDC	D	0.08%	0.05%	0.05%
WELL	A	0.12%	0.15%	0.12%
WFC	A	0.97%	0.5%	0.5%
WM	A	0.28%	0.16%	0.16%
WMB	A	0.1%	0.12%	0.1%
WMT	A	1.71%	1.28%	1.28%
WPC	D	0.03%	0.04%	0.03%
WRB	A	0.02%	0.03%	0.02%
WSM	B	0.18%	0.03%	0.03%
WSO	A	0.17%	0.03%	0.03%
WST	C	0.05%	0.05%	0.05%
XOM	B	0.43%	1.03%	0.43%
XYL	D	0.1%	0.06%	0.06%
YUM	B	0.13%	0.07%	0.07%
ZBRA	B	0.04%	0.05%	0.04%
ZTS	D	0.05%	0.16%	0.05%

MFUS Overweight 443 Positions Relative to NTSX

Symbol	Grade	Weight
THC	D	0.28%
ACN	C	0.25%
SFM	A	0.25%
ANF	C	0.25%
AON	A	0.24%
BLK	C	0.19%
UTHR	C	0.19%
DVA	B	0.16%
CB	C	0.16%
MUSA	A	0.16%
CASY	A	0.16%
LYB	F	0.15%
CHRW	C	0.14%
VTRS	A	0.14%
EVR	B	0.13%
JNPR	F	0.13%
CW	B	0.11%
CRS	A	0.11%
WTW	B	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
AYI	B	0.1%
JXN	C	0.1%
JKHY	D	0.1%
RCL	A	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
MLI	C	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
GPI	A	0.09%
HRB	D	0.08%
LPX	B	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
SCI	B	0.07%
UFPI	B	0.07%
JCI	C	0.07%
EXP	A	0.07%
BCC	B	0.07%
INGR	B	0.07%
SKYW	B	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	B	0.07%
THO	B	0.07%
NRG	B	0.07%
R	B	0.07%
AEO	F	0.07%
STE	F	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
GAP	B	0.06%
SEE	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	B	0.06%
LECO	B	0.06%
JLL	D	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
WU	D	0.06%
PK	B	0.06%
TXRH	C	0.06%
TTC	D	0.06%
FFIV	B	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
TOL	B	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	A	0.05%
PRIM	A	0.05%
FLEX	A	0.05%
THG	A	0.05%
AR	B	0.05%
NSIT	F	0.05%
LOPE	B	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
TGNA	B	0.05%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	D	0.05%
MMS	F	0.05%
BTU	B	0.05%
SON	D	0.04%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
AWI	A	0.04%
SEM	B	0.04%
CRUS	D	0.04%
CXW	B	0.04%
SMG	D	0.04%
JWN	C	0.04%
PSTG	D	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
FLO	D	0.04%
WH	B	0.04%
FL	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
ARW	D	0.04%
RUSHA	C	0.04%
TRN	B	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
NBIX	C	0.04%
CUBE	D	0.04%
WTM	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
EME	C	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
AROC	B	0.04%
ABM	B	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	F	0.03%
ACA	A	0.03%
KMPR	B	0.03%
LZB	B	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	D	0.03%
MAN	D	0.03%
DK	C	0.03%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
BKE	B	0.03%
FHI	A	0.03%
LNC	B	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	A	0.03%
X	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
WHR	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	D	0.03%
AVA	A	0.03%
DBRG	F	0.03%
HSIC	B	0.03%
COHR	B	0.03%
RL	B	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
RLI	B	0.03%
BLD	D	0.03%
DDS	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
IVZ	B	0.03%
MC	B	0.03%
MATX	C	0.03%
MASI	A	0.03%
TPX	B	0.03%
NYT	C	0.03%
BJ	A	0.03%
ODP	F	0.02%
IOSP	B	0.02%
LXP	D	0.02%
SAH	A	0.02%
KEX	C	0.02%
LEG	F	0.02%
TTMI	B	0.02%
VSH	D	0.02%
LAUR	A	0.02%
AA	B	0.02%
SF	B	0.02%
BHE	B	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
WBS	A	0.02%
PHIN	A	0.02%
WAL	B	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
DNOW	B	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	D	0.02%
HNI	B	0.02%
XRAY	F	0.02%
WKC	D	0.02%
SNDR	B	0.02%
OSIS	B	0.02%
NAVI	C	0.02%
WMS	D	0.02%
LNW	D	0.02%
PNR	A	0.02%
EPC	D	0.02%
M	D	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	0.02%
RHI	B	0.02%
SKX	D	0.02%
CC	C	0.02%
DLB	B	0.02%
NWL	B	0.02%
OHI	C	0.02%
MDU	D	0.02%
SXT	B	0.02%
RLJ	B	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	B	0.02%
GWRE	A	0.02%
SAM	C	0.02%
CTLT	B	0.02%
PSN	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PDCO	D	0.02%
PBF	D	0.02%
MKTX	D	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	B	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
FAF	A	0.02%
SBH	C	0.02%
PAG	B	0.02%
HII	D	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	B	0.02%
RYN	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
TFX	F	0.02%
GEF	A	0.02%
MSA	D	0.02%
NEU	C	0.02%
GHC	C	0.02%
STC	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%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	D	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%
CLF	F	0.01%
GIII	D	0.01%
UGI	A	0.01%
ECPG	B	0.01%
ALEX	C	0.01%
UVV	B	0.01%
JBGS	D	0.01%
HTH	B	0.01%
SEB	F	0.01%
MKSI	C	0.01%
RDN	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	0.01%
ARMK	B	0.01%
OUT	A	0.01%
PNW	B	0.01%
SHO	C	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
SWX	B	0.01%
KALU	C	0.01%
ESI	A	0.01%
CENTA	C	0.01%
CVI	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	A	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
SIGI	C	0.01%
LEA	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
BRC	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	D	0.01%
AES	F	0.01%
CFR	B	0.01%
FELE	B	0.01%
DAN	D	0.01%
WMK	C	0.01%
MHK	D	0.01%
FLR	B	0.01%
KN	B	0.01%
STRA	C	0.01%
BBWI	D	0.01%
ESNT	D	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	C	0.01%
ONB	B	0.01%
CBSH	A	0.01%
WWD	B	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
TNET	D	0.01%
FYBR	D	0.01%
HE	C	0.01%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	C	0.01%
ADC	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
BWA	D	0.01%
SLB	C	0.01%
GOLF	B	0.01%
FR	D	0.01%
DTM	B	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
VNT	B	0.01%
TDC	D	0.01%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 122 Positions Relative to NTSX

Symbol	Grade	Weight
MSFT	F	-6.09%
GOOGL	C	-4.39%
TSLA	B	-2.02%
CRM	B	-0.66%
AMD	F	-0.45%
ABT	B	-0.41%
INTU	C	-0.39%
SYK	C	-0.29%
HON	B	-0.28%
DIS	B	-0.27%
APO	B	-0.25%
DE	A	-0.22%
ADI	D	-0.21%
GEV	B	-0.17%
PLD	D	-0.17%
MRVL	B	-0.17%
BA	F	-0.16%
ABNB	C	-0.16%
CRWD	B	-0.16%
CDNS	B	-0.16%
EQIX	A	-0.16%
SNPS	B	-0.16%
EOG	A	-0.15%
WDAY	B	-0.14%
APD	A	-0.13%
FCX	D	-0.13%
TTD	B	-0.13%
TEAM	A	-0.13%
FDX	B	-0.13%
PCAR	B	-0.12%
ET	A	-0.1%
EPD	A	-0.1%
DAL	C	-0.1%
AXON	A	-0.09%
AME	A	-0.09%
CTSH	B	-0.09%
KVUE	A	-0.09%
PCG	A	-0.09%
ROST	C	-0.09%
OXY	D	-0.09%
VICI	C	-0.08%
HUBS	A	-0.08%
DDOG	A	-0.08%
EW	C	-0.08%
VRT	B	-0.08%
VMC	B	-0.08%
MCHP	F	-0.08%
IQV	D	-0.08%
HES	B	-0.08%
HAL	C	-0.07%
RBLX	C	-0.07%
ZS	C	-0.07%
ROK	B	-0.07%
MPLX	A	-0.07%
DVN	F	-0.07%
WEC	A	-0.07%
LYV	A	-0.07%
VEEV	C	-0.07%
TDY	B	-0.06%
ZM	B	-0.06%
FTV	C	-0.06%
TPL	A	-0.06%
STT	A	-0.06%
AEE	A	-0.06%
ON	D	-0.06%
NET	B	-0.06%
RJF	A	-0.06%
WMG	C	-0.05%
EXPE	B	-0.05%
KEYS	A	-0.05%
DKNG	B	-0.05%
TWLO	A	-0.05%
LH	C	-0.05%
MKL	A	-0.05%
HUM	C	-0.05%
CSGP	D	-0.05%
XEL	A	-0.05%
DT	C	-0.04%
AGR	B	-0.04%
ENTG	D	-0.04%
MOH	F	-0.04%
SNAP	C	-0.04%
WLK	D	-0.04%
SNOW	C	-0.04%
GPC	D	-0.04%
PODD	C	-0.04%
MGM	D	-0.04%
CNP	B	-0.04%
IOT	A	-0.04%
GPN	B	-0.03%
SOLV	C	-0.03%
MDB	C	-0.03%
OVV	B	-0.03%
PINS	D	-0.03%
DXCM	D	-0.03%
ROKU	D	-0.03%
BSY	D	-0.03%
LVS	C	-0.03%
TXT	D	-0.03%
SWK	D	-0.03%
WY	D	-0.03%
SNA	A	-0.03%
J	F	-0.03%
FSLR	F	-0.03%
LKQ	D	-0.03%
AWK	D	-0.03%
SWKS	F	-0.02%
ARE	D	-0.02%
WBD	C	-0.02%
MRNA	F	-0.02%
ILMN	D	-0.02%
RIVN	F	-0.02%
ZBH	C	-0.02%
SIRI	C	-0.02%
CTRA	B	-0.01%
EL	F	-0.01%
EPAM	C	-0.01%
CF	B	-0.01%
ENPH	F	-0.01%
EQT	B	-0.01%
LUV	C	-0.01%
ALB	C	-0.0%