MFUS vs. PFIX ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Simplify Interest Rate Hedge ETF (PFIX)

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

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.22

Average Daily Volume

80,893

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	PFIX
30 Days	2.73%	1.63%
60 Days	3.41%	26.27%
90 Days	5.38%	22.86%
12 Months	32.49%	7.42%

83 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in PFIX	Overlap
ADM	D	0.22%	0.22%	0.22%
ADP	B	0.11%	0.79%	0.11%
AEP	D	0.08%	0.31%	0.08%
AIG	B	0.34%	0.34%	0.34%
ATO	A	0.02%	0.11%	0.02%
AVB	B	0.03%	0.19%	0.03%
AVGO	D	1.59%	3.86%	1.59%
BAC	A	0.45%	1.73%	0.45%
BBY	D	0.21%	0.1%	0.1%
BK	A	0.18%	0.29%	0.18%
BLK	C	0.19%	0.87%	0.19%
C	A	0.69%	0.77%	0.69%
CAG	D	0.04%	0.09%	0.04%
CHRW	C	0.14%	0.06%	0.06%
CINF	A	0.02%	0.11%	0.02%
CMCSA	B	0.16%	1.29%	0.16%
CMI	A	0.14%	0.28%	0.14%
CMS	C	0.03%	0.12%	0.03%
COP	C	0.07%	1.01%	0.07%
CPB	D	0.04%	0.06%	0.04%
CSCO	B	0.68%	1.48%	0.68%
CVS	D	0.65%	0.76%	0.65%
CVX	A	0.39%	2.06%	0.39%
DFS	B	0.1%	0.22%	0.1%
DRI	B	0.03%	0.14%	0.03%
DTE	C	0.02%	0.17%	0.02%
EIX	B	0.05%	0.19%	0.05%
ES	D	0.03%	0.15%	0.03%
ETR	B	0.05%	0.14%	0.05%
EVRG	A	0.02%	0.07%	0.02%
EXC	C	0.07%	0.27%	0.07%
FANG	D	0.05%	0.23%	0.05%
FITB	A	0.04%	0.16%	0.04%
FNF	B	0.03%	0.1%	0.03%
GD	F	0.24%	0.46%	0.24%
GILD	C	0.87%	0.66%	0.66%
GIS	D	0.17%	0.28%	0.17%
HBAN	A	0.03%	0.13%	0.03%
HPE	B	0.11%	0.13%	0.11%
HST	C	0.02%	0.11%	0.02%
HSY	F	0.05%	0.22%	0.05%
IP	B	0.09%	0.09%	0.09%
JCI	C	0.07%	0.29%	0.07%
JNJ	D	1.18%	2.83%	1.18%
JPM	A	0.99%	3.9%	0.99%
KR	B	0.38%	0.26%	0.26%
LHX	C	0.26%	0.29%	0.26%
LMT	D	0.75%	0.82%	0.75%
LNT	A	0.02%	0.08%	0.02%
MDLZ	F	0.23%	0.76%	0.23%
MET	A	0.32%	0.32%	0.32%
MMC	B	0.2%	0.75%	0.2%
MOS	F	0.01%	0.07%	0.01%
MS	A	0.22%	0.81%	0.22%
MTB	A	0.04%	0.15%	0.04%
NI	A	0.02%	0.08%	0.02%
NSC	B	0.07%	0.42%	0.07%
NTRS	A	0.03%	0.11%	0.03%
NUE	C	0.08%	0.32%	0.08%
OKE	A	0.1%	0.31%	0.1%
OMC	C	0.06%	0.13%	0.06%
PAYX	C	0.04%	0.3%	0.04%
PEG	A	0.06%	0.23%	0.06%
PFG	D	0.01%	0.14%	0.01%
PG	A	1.01%	2.82%	1.01%
PKG	A	0.1%	0.1%	0.1%
PNC	B	0.12%	0.43%	0.12%
PSX	C	0.23%	0.45%	0.23%
QCOM	F	0.77%	1.27%	0.77%
RF	A	0.02%	0.12%	0.02%
RSG	A	0.13%	0.28%	0.13%
SO	D	0.13%	0.55%	0.13%
SRE	A	0.08%	0.33%	0.08%
SYF	B	0.31%	0.12%	0.12%
TROW	B	0.09%	0.17%	0.09%
TRV	B	0.2%	0.38%	0.2%
TXN	C	0.29%	1.13%	0.29%
UPS	C	0.24%	0.81%	0.24%
USB	A	0.11%	0.45%	0.11%
VLO	C	0.16%	0.36%	0.16%
VTRS	A	0.14%	0.11%	0.11%
VZ	C	1.0%	1.26%	1.0%
XOM	B	0.43%	3.19%	0.43%

MFUS Overweight 732 Positions Relative to PFIX

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%
ORCL	B	1.52%
ABBV	D	1.36%
COST	B	1.35%
IBM	C	1.05%
KO	D	1.0%
WFC	A	0.97%
AAPL	C	0.96%
AMGN	D	0.94%
PM	B	0.87%
MRK	F	0.84%
UNH	C	0.79%
PEP	F	0.74%
TGT	F	0.74%
MO	A	0.73%
T	A	0.73%
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%
TMUS	B	0.43%
BKNG	A	0.42%
GS	A	0.41%
BMY	B	0.41%
GM	B	0.4%
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%
V	A	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
COF	B	0.29%
SPGI	C	0.29%
THC	D	0.28%
WM	A	0.28%
MA	C	0.28%
HPQ	B	0.28%
TMO	F	0.28%
AZO	C	0.28%
CAH	B	0.27%
ALL	A	0.26%
FICO	B	0.25%
ACN	C	0.25%
PANW	C	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	C	0.25%
DHR	F	0.24%
AON	A	0.24%
KLAC	D	0.23%
AXP	A	0.23%
PLTR	B	0.23%
PRU	A	0.23%
VST	B	0.23%
RTX	C	0.22%
SHW	A	0.22%
NEE	D	0.22%
VRTX	F	0.22%
UBER	D	0.21%
LII	A	0.21%
AFL	B	0.21%
GWW	B	0.21%
MSI	B	0.2%
GLW	B	0.2%
INTC	D	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CAT	B	0.2%
CMG	B	0.2%
FI	A	0.19%
UTHR	C	0.19%
CTAS	B	0.19%
TSN	B	0.18%
AMP	A	0.18%
WSM	B	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%
WSO	A	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%
MUSA	A	0.16%
KMB	D	0.16%
SPG	B	0.16%
CASY	A	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%
ANET	C	0.14%
PH	A	0.14%
BX	A	0.13%
DPZ	C	0.13%
EVR	B	0.13%
FAST	B	0.13%
DUK	C	0.13%
JNPR	F	0.13%
RPM	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%
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%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
EXPD	D	0.11%
CRS	A	0.11%
WTW	B	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
CSX	B	0.11%
TSCO	D	0.11%
APP	B	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
BDX	F	0.11%
PHM	D	0.1%
COIN	C	0.1%
NTAP	C	0.1%
HLT	A	0.1%
AYI	B	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
ITW	B	0.1%
JKHY	D	0.1%
RCL	A	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
TFC	A	0.09%
DGX	A	0.09%
CPRT	A	0.09%
TAP	C	0.09%
MLI	C	0.09%
EMR	A	0.09%
IEX	B	0.09%
DG	F	0.09%
ARES	A	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
IR	B	0.09%
DLR	B	0.09%
ADSK	A	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	B	0.09%
NVR	D	0.09%
URI	B	0.09%
AVY	D	0.09%
GPI	A	0.09%
PSA	D	0.09%
SBUX	A	0.09%
HRB	D	0.08%
BKR	B	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	C	0.08%
AOS	F	0.08%
SLG	B	0.08%
ECL	D	0.08%
GPK	C	0.08%
ABG	B	0.08%
ATR	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
ITT	A	0.08%
EQH	B	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	B	0.07%
EXP	A	0.07%
CHD	B	0.07%
CCI	D	0.07%
BCC	B	0.07%
INGR	B	0.07%
POOL	C	0.07%
D	C	0.07%
MLM	B	0.07%
SKYW	B	0.07%
GEHC	F	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%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	0.07%
STE	F	0.07%
OTIS	C	0.07%
TTWO	A	0.07%
MNST	C	0.07%
FIS	C	0.07%
HCC	B	0.07%
STZ	D	0.06%
G	B	0.06%
VIRT	B	0.06%
BC	C	0.06%
TW	A	0.06%
GAP	C	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%
NKE	D	0.06%
HIG	B	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	C	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
MAS	D	0.06%
WU	D	0.06%
SQ	B	0.06%
L	A	0.06%
PK	B	0.06%
TXRH	C	0.06%
DHI	D	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%
ROP	B	0.06%
TOL	B	0.06%
ALNY	D	0.06%
LEN	D	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%
SUI	D	0.05%
TGNA	B	0.05%
A	D	0.05%
WST	C	0.05%
GNTX	C	0.05%
NDAQ	A	0.05%
MTN	C	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CARR	D	0.05%
CRI	D	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
IDXX	F	0.05%
CBT	C	0.05%
GVA	A	0.05%
NXST	C	0.05%
ANSS	B	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	D	0.05%
WAB	B	0.05%
MMS	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%
SON	D	0.04%
AVT	C	0.04%
OSK	B	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
EQR	B	0.04%
PPL	B	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	D	0.04%
CRUS	D	0.04%
CXW	B	0.04%
ESS	B	0.04%
INVH	D	0.04%
SMG	D	0.04%
JWN	C	0.04%
CTVA	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%
ADBE	C	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
ULTA	F	0.04%
EMN	D	0.04%
OLN	D	0.04%
CFG	B	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	0.04%
CUBE	D	0.04%
SJM	D	0.04%
WTM	A	0.04%
PTC	A	0.04%
OGN	D	0.04%
BHF	B	0.04%
ATI	D	0.04%
IPG	D	0.04%
STLD	B	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	B	0.04%
FTI	A	0.04%
VLTO	D	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
GATX	A	0.04%
CRBG	B	0.04%
EME	C	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
UNM	A	0.04%
RS	B	0.04%
PPG	F	0.04%
AROC	B	0.04%
ABM	B	0.04%
NDSN	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
DOV	A	0.04%
MAR	B	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
SBAC	D	0.03%
DLTR	F	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%
KEY	B	0.03%
WPC	D	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%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	A	0.03%
MRO	B	0.03%
LNC	B	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	A	0.03%
X	C	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%
CG	A	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
LW	C	0.03%
HSIC	B	0.03%
HOLX	D	0.03%
COHR	B	0.03%
RL	B	0.03%
FE	C	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%
GGG	B	0.03%
KBH	D	0.03%
GNW	A	0.03%
DOX	D	0.03%
SM	B	0.03%
IVZ	B	0.03%
HUBB	B	0.03%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	A	0.03%
TPX	B	0.03%
NYT	C	0.03%
BJ	A	0.03%
ACM	A	0.03%
MORN	B	0.03%
MANH	D	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%
SSNC	B	0.02%
LAUR	A	0.02%
UAL	A	0.02%
KIM	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%
BEN	C	0.02%
WAL	B	0.02%
CSL	C	0.02%
AXTA	A	0.02%
ANDE	D	0.02%
BXP	D	0.02%
ZION	B	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	B	0.02%
NSP	D	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	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%
HRL	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%
MAA	B	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%
OC	A	0.02%
SXT	B	0.02%
RLJ	C	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%
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%
CE	F	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%
AKAM	D	0.02%
JBHT	C	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%
WRB	A	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%
ACI	C	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	A	0.01%
LADR	B	0.01%
INCY	C	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%
BMRN	D	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%
ALGN	D	0.01%
ADC	B	0.01%
H	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	C	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%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 25 Positions Relative to PFIX

Symbol	Grade	Weight
TM	D	-1.97%
NVS	D	-1.56%
HSBH	B	-1.23%
PLD	D	-0.91%
TD	F	-0.83%
ETN	A	-0.82%
HMC	F	-0.45%
STLA	F	-0.43%
PCAR	B	-0.42%
APD	A	-0.37%
E	F	-0.26%
XEL	A	-0.25%
VICI	C	-0.22%
BCS	C	-0.22%
WEC	A	-0.18%
STT	A	-0.16%
GPC	D	-0.14%
AEE	A	-0.14%
GRMN	B	-0.13%
SWKS	F	-0.12%
SNA	A	-0.1%
CCEP	C	-0.1%
AMCR	D	-0.09%
EG	C	-0.09%
FRO	F	-0.02%