MFUS vs. PRF ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Powershares FTSE RAFI US 1000 Portfolio (PRF)

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

$46.70

Average Daily Volume

6,620

Number of Holdings ^*

769

* may have additional holdings in another (foreign) market

PRF

Powershares FTSE RAFI US 1000 Portfolio

PRF Description

The PowerShares FTSE RAFI US 1000 Portfolio (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$38.58

Average Daily Volume

488,211

Number of Holdings ^*

980

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	PRF
30 Days	4.85%	5.84%
60 Days	2.10%	3.51%
90 Days	5.68%	6.86%
12 Months	25.12%	25.20%

626 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in PRF	Overlap
AA	B	0.03%	0.07%	0.03%
AAPL	C	0.74%	2.04%	0.74%
ABBV	D	0.65%	0.59%	0.59%
ABG	C	0.07%	0.04%	0.04%
ABM	C	0.03%	0.02%	0.02%
ACI	D	0.01%	0.09%	0.01%
ACM	D	0.05%	0.05%	0.05%
ACN	F	0.59%	0.24%	0.24%
ADBE	F	0.49%	0.12%	0.12%
ADM	D	0.27%	0.28%	0.27%
ADNT	F	0.03%	0.02%	0.02%
ADP	B	0.09%	0.13%	0.09%
ADSK	F	0.17%	0.02%	0.02%
AEO	D	0.12%	0.02%	0.02%
AES	B	0.04%	0.08%	0.04%
AFL	A	0.1%	0.17%	0.1%
AGCO	F	0.02%	0.04%	0.02%
AGNC	A	0.03%	0.03%	0.03%
AIG	A	0.36%	0.36%	0.36%
AIT	B	0.02%	0.01%	0.01%
AIZ	D	0.05%	0.04%	0.04%
AJG	A	0.15%	0.06%	0.06%
AKAM	F	0.05%	0.03%	0.03%
ALGN	F	0.03%	0.02%	0.02%
ALL	C	0.29%	0.19%	0.19%
ALLY	B	0.1%	0.1%	0.1%
ALSN	D	0.07%	0.02%	0.02%
AMAT	B	0.69%	0.15%	0.15%
AMD	D	0.51%	0.18%	0.18%
AMG	D	0.05%	0.02%	0.02%
AMGN	B	0.75%	0.37%	0.37%
AMH	B	0.03%	0.02%	0.02%
AMKR	C	0.03%	0.01%	0.01%
AMN	F	0.01%	0.01%	0.01%
AMP	B	0.01%	0.08%	0.01%
AMZN	C	1.62%	1.71%	1.62%
AN	C	0.1%	0.05%	0.05%
ANDE	F	0.02%	0.01%	0.01%
ANET	B	0.16%	0.03%	0.03%
ANSS	D	0.08%	0.02%	0.02%
AON	F	0.17%	0.06%	0.06%
AOS	D	0.11%	0.02%	0.02%
APA	F	0.01%	0.06%	0.01%
APAM	B	0.03%	0.01%	0.01%
APG	D	0.04%	0.02%	0.02%
APH	B	0.15%	0.08%	0.08%
APLE	F	0.04%	0.02%	0.02%
APO	B	0.12%	0.04%	0.04%
AR	A	0.04%	0.05%	0.04%
ARCB	F	0.01%	0.01%	0.01%
ARES	B	0.1%	0.01%	0.01%
ARW	C	0.06%	0.1%	0.06%
ASO	F	0.03%	0.01%	0.01%
ATI	C	0.05%	0.02%	0.02%
ATR	C	0.07%	0.02%	0.02%
AVA	C	0.03%	0.02%	0.02%
AVGO	B	1.68%	0.43%	0.43%
AVT	B	0.05%	0.04%	0.04%
AVY	B	0.08%	0.04%	0.04%
AXTA	C	0.04%	0.03%	0.03%
AYI	C	0.08%	0.02%	0.02%
AZO	D	0.23%	0.07%	0.07%
BAH	B	0.15%	0.03%	0.03%
BALL	B	0.02%	0.06%	0.02%
BAX	F	0.03%	0.06%	0.03%
BBWI	B	0.03%	0.04%	0.03%
BBY	D	0.17%	0.12%	0.12%
BC	F	0.06%	0.02%	0.02%
BCC	D	0.06%	0.02%	0.02%
BDX	F	0.09%	0.14%	0.09%
BECN	C	0.01%	0.03%	0.01%
BEN	F	0.04%	0.04%	0.04%
BERY	D	0.05%	0.04%	0.04%
BHF	F	0.04%	0.03%	0.03%
BIIB	D	0.1%	0.13%	0.1%
BJ	B	0.01%	0.05%	0.01%
BK	A	0.2%	0.22%	0.2%
BKNG	C	0.61%	0.08%	0.08%
BKR	D	0.13%	0.1%	0.1%
BLD	D	0.04%	0.02%	0.02%
BLDR	D	0.05%	0.06%	0.05%
BMRN	F	0.02%	0.02%	0.02%
BMY	F	0.22%	0.34%	0.22%
BR	C	0.16%	0.03%	0.03%
BRK.A	B	1.95%	2.26%	1.95%
BRO	A	0.11%	0.02%	0.02%
BSX	A	0.22%	0.11%	0.11%
BTU	F	0.04%	0.02%	0.02%
BWA	C	0.02%	0.06%	0.02%
BWXT	D	0.06%	0.01%	0.01%
BX	C	0.24%	0.1%	0.1%
BXP	C	0.01%	0.05%	0.01%
C	B	0.9%	1.16%	0.9%
CACI	B	0.08%	0.03%	0.03%
CAG	C	0.02%	0.08%	0.02%
CAH	F	0.3%	0.26%	0.26%
CARR	B	0.04%	0.11%	0.04%
CASY	B	0.13%	0.04%	0.04%
CAT	C	0.56%	0.33%	0.33%
CBRL	F	0.02%	0.01%	0.01%
CBT	B	0.05%	0.02%	0.02%
CC	C	0.03%	0.03%	0.03%
CCK	C	0.06%	0.04%	0.04%
CCL	F	0.07%	0.05%	0.05%
CDNS	D	0.17%	0.02%	0.02%
CDW	D	0.04%	0.05%	0.04%
CE	D	0.09%	0.05%	0.05%
CEG	C	0.16%	0.14%	0.14%
CFG	A	0.02%	0.13%	0.02%
CG	D	0.02%	0.03%	0.02%
CHD	B	0.06%	0.04%	0.04%
CHRW	C	0.07%	0.06%	0.06%
CHTR	F	0.2%	0.19%	0.19%
CIM	D	0.02%	0.01%	0.01%
CL	B	0.18%	0.15%	0.15%
CLH	B	0.04%	0.02%	0.02%
CLX	F	0.12%	0.04%	0.04%
CMA	B	0.01%	0.05%	0.01%
CMC	B	0.08%	0.03%	0.03%
CMCSA	F	0.65%	0.78%	0.65%
CME	C	0.08%	0.15%	0.08%
CMG	B	0.25%	0.04%	0.04%
CMI	D	0.11%	0.13%	0.11%
CNM	B	0.01%	0.02%	0.01%
CNO	A	0.03%	0.02%	0.02%
CNX	B	0.06%	0.02%	0.02%
COF	C	0.38%	0.36%	0.36%
COHR	D	0.02%	0.02%	0.02%
COIN	D	0.08%	0.02%	0.02%
COLD	D	0.04%	0.02%	0.02%
COOP	B	0.04%	0.03%	0.03%
COP	D	0.11%	0.51%	0.11%
COST	B	1.18%	0.52%	0.52%
CPB	C	0.01%	0.04%	0.01%
CPRT	D	0.23%	0.03%	0.03%
CPT	B	0.05%	0.03%	0.03%
CRBG	C	0.02%	0.06%	0.02%
CRI	F	0.06%	0.01%	0.01%
CRM	D	0.55%	0.23%	0.23%
CSCO	F	0.49%	0.58%	0.49%
CSL	B	0.01%	0.03%	0.01%
CSX	D	0.1%	0.14%	0.1%
CTAS	B	0.2%	0.05%	0.05%
CTSH	F	0.06%	0.09%	0.06%
CTVA	C	0.04%	0.1%	0.04%
CUBE	C	0.03%	0.02%	0.02%
CVS	F	0.67%	0.58%	0.58%
CVX	B	0.66%	1.29%	0.66%
CW	B	0.08%	0.02%	0.02%
CXW	D	0.02%	0.01%	0.01%
DAN	C	0.02%	0.02%	0.02%
DASH	D	0.09%	0.02%	0.02%
DCI	C	0.04%	0.02%	0.02%
DD	A	0.1%	0.17%	0.1%
DECK	C	0.16%	0.02%	0.02%
DEI	C	0.01%	0.02%	0.01%
DFS	C	0.05%	0.15%	0.05%
DG	D	0.09%	0.11%	0.09%
DGX	A	0.06%	0.06%	0.06%
DHI	D	0.09%	0.12%	0.09%
DINO	D	0.01%	0.05%	0.01%
DK	D	0.04%	0.03%	0.03%
DKS	D	0.07%	0.04%	0.04%
DLR	C	0.08%	0.11%	0.08%
DLTR	F	0.04%	0.08%	0.04%
DOX	F	0.03%	0.03%	0.03%
DPZ	C	0.22%	0.02%	0.02%
DRH	F	0.02%	0.01%	0.01%
DRI	F	0.02%	0.04%	0.02%
DVA	B	0.15%	0.04%	0.04%
DXC	F	0.02%	0.05%	0.02%
EA	F	0.07%	0.04%	0.04%
EBAY	C	0.26%	0.08%	0.08%
EFX	D	0.08%	0.03%	0.03%
EGP	F	0.01%	0.01%	0.01%
EHC	C	0.07%	0.02%	0.02%
ELAN	B	0.01%	0.03%	0.01%
ELS	D	0.03%	0.02%	0.02%
ELV	A	0.08%	0.41%	0.08%
EME	B	0.03%	0.04%	0.03%
EMN	C	0.03%	0.07%	0.03%
EMR	B	0.1%	0.14%	0.1%
ENTG	D	0.05%	0.02%	0.02%
EQH	A	0.05%	0.05%	0.05%
EQIX	D	0.05%	0.08%	0.05%
ESAB	C	0.01%	0.01%	0.01%
ESNT	C	0.01%	0.02%	0.01%
ETN	C	0.28%	0.19%	0.19%
ETRN	B	0.03%	0.03%	0.03%
EVR	A	0.09%	0.02%	0.02%
EVRG	C	0.01%	0.07%	0.01%
EWBC	B	0.02%	0.04%	0.02%
EXC	C	0.09%	0.22%	0.09%
EXEL	F	0.02%	0.01%	0.01%
EXPD	D	0.06%	0.04%	0.04%
EXPE	F	0.03%	0.03%	0.03%
EXR	C	0.06%	0.04%	0.04%
F	D	0.31%	0.47%	0.31%
FAF	D	0.02%	0.04%	0.02%
FAST	D	0.1%	0.05%	0.05%
FCN	B	0.07%	0.02%	0.02%
FCNCA	B	0.05%	0.03%	0.03%
FDS	C	0.06%	0.01%	0.01%
FFIV	D	0.02%	0.02%	0.02%
FIS	A	0.09%	0.14%	0.09%
FITB	B	0.05%	0.13%	0.05%
FL	F	0.05%	0.02%	0.02%
FLEX	C	0.05%	0.06%	0.05%
FLO	C	0.04%	0.02%	0.02%
FLS	B	0.02%	0.02%	0.02%
FND	C	0.04%	0.01%	0.01%
FNF	B	0.02%	0.06%	0.02%
FOXA	C	0.03%	0.04%	0.03%
FR	F	0.02%	0.01%	0.01%
FTI	C	0.11%	0.03%	0.03%
FTNT	D	0.06%	0.01%	0.01%
G	D	0.03%	0.02%	0.02%
GATX	A	0.04%	0.02%	0.02%
GD	A	0.01%	0.2%	0.01%
GDDY	B	0.08%	0.02%	0.02%
GE	C	0.83%	0.24%	0.24%
GEF	F	0.02%	0.01%	0.01%
GEHC	D	0.02%	0.08%	0.02%
GEO	D	0.03%	0.02%	0.02%
GEV	D	0.22%	0.06%	0.06%
GGG	D	0.08%	0.02%	0.02%
GHC	B	0.02%	0.01%	0.01%
GILD	F	0.7%	0.29%	0.29%
GIS	C	0.09%	0.15%	0.09%
GLPI	C	0.06%	0.03%	0.03%
GLW	A	0.16%	0.1%	0.1%
GM	B	0.44%	0.68%	0.44%
GMS	D	0.04%	0.02%	0.02%
GNRC	C	0.04%	0.02%	0.02%
GNTX	D	0.07%	0.02%	0.02%
GNW	B	0.04%	0.02%	0.02%
GOOGL	A	1.71%	1.1%	1.1%
GPC	D	0.02%	0.08%	0.02%
GPI	B	0.08%	0.03%	0.03%
GPK	C	0.11%	0.03%	0.03%
GPN	F	0.06%	0.07%	0.06%
GPS	D	0.07%	0.03%	0.03%
GS	A	0.17%	0.65%	0.17%
GT	D	0.04%	0.05%	0.04%
GWW	D	0.21%	0.05%	0.05%
GXO	D	0.01%	0.02%	0.01%
HBI	D	0.01%	0.03%	0.01%
HCA	C	0.14%	0.15%	0.14%
HCC	C	0.07%	0.02%	0.02%
HD	D	0.45%	0.67%	0.45%
HE	D	0.01%	0.02%	0.01%
HELE	D	0.02%	0.01%	0.01%
HIG	A	0.05%	0.13%	0.05%
HII	D	0.02%	0.03%	0.02%
HLT	D	0.11%	0.03%	0.03%
HOG	D	0.02%	0.02%	0.02%
HOLX	D	0.03%	0.04%	0.03%
HP	F	0.04%	0.02%	0.02%
HPE	C	0.17%	0.17%	0.17%
HPQ	C	0.19%	0.17%	0.17%
HRB	B	0.09%	0.02%	0.02%
HRL	C	0.01%	0.04%	0.01%
HSIC	C	0.03%	0.04%	0.03%
HST	D	0.02%	0.04%	0.02%
HSY	C	0.06%	0.05%	0.05%
HUBB	D	0.09%	0.03%	0.03%
HUBG	C	0.04%	0.02%	0.02%
HWM	A	0.14%	0.04%	0.04%
IBM	D	1.1%	0.47%	0.47%
ICE	B	0.26%	0.11%	0.11%
IDXX	C	0.16%	0.01%	0.01%
IEX	D	0.09%	0.02%	0.02%
IGT	F	0.02%	0.01%	0.01%
INCY	D	0.01%	0.02%	0.01%
INGR	B	0.05%	0.03%	0.03%
INTC	F	0.71%	0.59%	0.59%
INTU	B	0.32%	0.09%	0.09%
INVH	B	0.09%	0.05%	0.05%
IP	B	0.03%	0.12%	0.03%
IPG	D	0.07%	0.05%	0.05%
IR	C	0.09%	0.03%	0.03%
IRM	B	0.1%	0.06%	0.06%
ISRG	B	0.29%	0.06%	0.06%
IT	D	0.14%	0.02%	0.02%
ITT	A	0.08%	0.02%	0.02%
ITW	D	0.08%	0.12%	0.08%
IVZ	C	0.04%	0.05%	0.04%
JAZZ	F	0.01%	0.02%	0.01%
JBGS	F	0.01%	0.01%	0.01%
JBHT	F	0.02%	0.03%	0.02%
JBL	F	0.1%	0.05%	0.05%
JEF	A	0.03%	0.05%	0.03%
JELD	F	0.01%	0.01%	0.01%
JHG	B	0.03%	0.03%	0.03%
JKHY	C	0.09%	0.02%	0.02%
JLL	B	0.02%	0.05%	0.02%
JNJ	D	0.91%	0.99%	0.91%
JNPR	D	0.1%	0.03%	0.03%
JPM	A	1.2%	1.97%	1.2%
JWN	C	0.03%	0.03%	0.03%
JXN	B	0.08%	0.08%	0.08%
K	C	0.07%	0.07%	0.07%
KBH	B	0.04%	0.02%	0.02%
KBR	C	0.03%	0.02%	0.02%
KD	B	0.07%	0.06%	0.06%
KDP	C	0.04%	0.1%	0.04%
KEX	A	0.01%	0.02%	0.01%
KHC	D	0.13%	0.17%	0.13%
KKR	B	0.16%	0.09%	0.09%
KLAC	B	0.32%	0.06%	0.06%
KMB	C	0.15%	0.15%	0.15%
KMI	A	0.03%	0.24%	0.03%
KMPR	C	0.02%	0.02%	0.02%
KNX	F	0.01%	0.03%	0.01%
KO	B	0.54%	0.52%	0.52%
KR	D	0.33%	0.32%	0.32%
KSS	D	0.04%	0.06%	0.04%
L	B	0.05%	0.06%	0.05%
LAMR	B	0.05%	0.03%	0.03%
LBRDK	D	0.02%	0.02%	0.02%
LDOS	A	0.07%	0.06%	0.06%
LEA	F	0.04%	0.06%	0.04%
LECO	D	0.1%	0.02%	0.02%
LEG	F	0.02%	0.02%	0.02%
LEN	B	0.09%	0.01%	0.01%
LEN	B	0.09%	0.12%	0.09%
LHX	A	0.1%	0.11%	0.1%
LII	B	0.21%	0.02%	0.02%
LLY	B	2.52%	0.23%	0.23%
LMT	B	0.42%	0.33%	0.33%
LNC	C	0.03%	0.06%	0.03%
LNW	D	0.02%	0.02%	0.02%
LOW	D	0.24%	0.33%	0.24%
LPLA	C	0.08%	0.03%	0.03%
LPX	B	0.06%	0.02%	0.02%
LRCX	D	0.45%	0.1%	0.1%
LSTR	C	0.09%	0.02%	0.02%
LUMN	F	0.02%	0.02%	0.02%
LVS	F	0.03%	0.04%	0.03%
LW	F	0.06%	0.02%	0.02%
LXP	D	0.01%	0.01%	0.01%
LYB	D	0.22%	0.19%	0.19%
M	D	0.05%	0.07%	0.05%
MA	D	0.99%	0.17%	0.17%
MAC	D	0.05%	0.02%	0.02%
MAN	C	0.04%	0.04%	0.04%
MAR	D	0.16%	0.05%	0.05%
MAS	D	0.05%	0.03%	0.03%
MC	B	0.02%	0.01%	0.01%
MCD	F	0.4%	0.28%	0.28%
MCK	A	0.61%	0.44%	0.44%
MCO	A	0.15%	0.05%	0.05%
MDLZ	C	0.2%	0.22%	0.2%
MDU	B	0.03%	0.03%	0.03%
MET	A	0.19%	0.27%	0.19%
META	D	2.37%	0.86%	0.86%
MHK	C	0.01%	0.05%	0.01%
MHO	C	0.04%	0.02%	0.02%
MKC	C	0.07%	0.05%	0.05%
MKSI	C	0.01%	0.02%	0.01%
MLI	C	0.05%	0.02%	0.02%
MLKN	C	0.01%	0.01%	0.01%
MLM	D	0.07%	0.05%	0.05%
MMC	A	0.38%	0.13%	0.13%
MMM	A	0.21%	0.34%	0.21%
MMS	B	0.05%	0.02%	0.02%
MNST	F	0.08%	0.03%	0.03%
MO	A	0.45%	0.45%	0.45%
MOH	F	0.03%	0.06%	0.03%
MOS	F	0.03%	0.07%	0.03%
MPC	D	0.76%	0.4%	0.4%
MRK	B	1.07%	0.59%	0.59%
MRO	D	0.06%	0.07%	0.06%
MRVL	C	0.12%	0.05%	0.05%
MSCI	F	0.06%	0.02%	0.02%
MSFT	B	1.47%	1.98%	1.47%
MSI	A	0.07%	0.06%	0.06%
MSM	F	0.07%	0.02%	0.02%
MTCH	F	0.03%	0.01%	0.01%
MTD	B	0.09%	0.02%	0.02%
MTG	C	0.03%	0.02%	0.02%
MTH	B	0.08%	0.03%	0.03%
MTN	F	0.05%	0.02%	0.02%
MU	B	0.27%	0.41%	0.27%
MUR	D	0.04%	0.03%	0.03%
MUSA	B	0.14%	0.03%	0.03%
NAVI	F	0.03%	0.02%	0.02%
NDAQ	B	0.02%	0.03%	0.02%
NDSN	C	0.05%	0.02%	0.02%
NEM	B	0.06%	0.18%	0.06%
NFG	B	0.04%	0.02%	0.02%
NFLX	B	0.55%	0.17%	0.17%
NKE	F	0.07%	0.17%	0.07%
NOC	C	0.2%	0.18%	0.18%
NOMD	D	0.0%	0.01%	0.0%
NOV	D	0.04%	0.03%	0.03%
NOW	C	0.3%	0.03%	0.03%
NRG	B	0.07%	0.1%	0.07%
NSIT	B	0.06%	0.02%	0.02%
NSP	F	0.02%	0.01%	0.01%
NTAP	B	0.09%	0.06%	0.06%
NUE	D	0.09%	0.15%	0.09%
NVDA	C	1.91%	0.18%	0.18%
NVR	D	0.06%	0.04%	0.04%
NVT	C	0.03%	0.02%	0.02%
NWL	D	0.01%	0.04%	0.01%
NWSA	C	0.06%	0.03%	0.03%
NXST	C	0.05%	0.03%	0.03%
NYCB	D	0.02%	0.03%	0.02%
OC	C	0.07%	0.05%	0.05%
ODFL	F	0.01%	0.02%	0.01%
ODP	F	0.02%	0.01%	0.01%
OGN	B	0.08%	0.05%	0.05%
OHI	C	0.02%	0.03%	0.02%
OI	F	0.04%	0.02%	0.02%
OKTA	D	0.03%	0.02%	0.02%
OLN	C	0.05%	0.04%	0.04%
OMC	B	0.09%	0.08%	0.08%
OMF	C	0.04%	0.06%	0.04%
OMI	F	0.03%	0.02%	0.02%
ORCL	C	1.36%	0.22%	0.22%
ORLY	D	0.2%	0.06%	0.06%
OSK	D	0.08%	0.03%	0.03%
OTIS	C	0.07%	0.06%	0.06%
PAG	C	0.05%	0.02%	0.02%
PARA	D	0.02%	0.15%	0.02%
PAYX	B	0.05%	0.07%	0.05%
PBF	D	0.07%	0.07%	0.07%
PCAR	D	0.12%	0.15%	0.12%
PDCO	F	0.04%	0.01%	0.01%
PECO	F	0.01%	0.01%	0.01%
PEP	B	0.64%	0.57%	0.57%
PFE	D	0.46%	0.92%	0.46%
PFG	B	0.01%	0.11%	0.01%
PFSI	B	0.02%	0.01%	0.01%
PG	A	0.76%	0.77%	0.76%
PGR	C	0.23%	0.23%	0.23%
PH	D	0.14%	0.09%	0.09%
PHM	B	0.14%	0.07%	0.07%
PINC	F	0.02%	0.01%	0.01%
PK	D	0.06%	0.03%	0.03%
PKG	C	0.03%	0.05%	0.03%
PLXS	B	0.02%	0.01%	0.01%
PM	B	0.49%	0.56%	0.49%
PMT	B	0.02%	0.01%	0.01%
PNM	D	0.02%	0.02%	0.02%
PNR	B	0.1%	0.03%	0.03%
POOL	D	0.07%	0.02%	0.02%
POST	B	0.05%	0.02%	0.02%
PPG	F	0.05%	0.08%	0.05%
PRI	D	0.03%	0.02%	0.02%
PRU	A	0.25%	0.24%	0.24%
PSA	C	0.03%	0.07%	0.03%
PSX	D	0.64%	0.36%	0.36%
PTC	C	0.05%	0.01%	0.01%
PVH	D	0.05%	0.03%	0.03%
PWR	C	0.07%	0.05%	0.05%
QCOM	B	0.94%	0.38%	0.38%
R	B	0.05%	0.05%	0.05%
RCL	B	0.07%	0.03%	0.03%
REGN	B	0.27%	0.14%	0.14%
REZI	C	0.02%	0.02%	0.02%
RGA	A	0.02%	0.06%	0.02%
RGLD	A	0.04%	0.01%	0.01%
RHI	F	0.03%	0.02%	0.02%
RIVN	D	0.01%	0.02%	0.01%
RL	D	0.03%	0.02%	0.02%
RLI	A	0.03%	0.01%	0.01%
RLJ	F	0.02%	0.01%	0.01%
RMD	B	0.11%	0.04%	0.04%
ROP	C	0.14%	0.07%	0.07%
ROST	D	0.09%	0.06%	0.06%
RPM	C	0.1%	0.03%	0.03%
RPRX	F	0.03%	0.02%	0.02%
RRC	B	0.05%	0.02%	0.02%
RS	D	0.08%	0.05%	0.05%
RSG	D	0.11%	0.06%	0.06%
RUSHA	D	0.03%	0.01%	0.01%
RYN	F	0.02%	0.01%	0.01%
SAIA	F	0.03%	0.01%	0.01%
SANM	B	0.05%	0.03%	0.03%
SBAC	F	0.02%	0.02%	0.02%
SBH	D	0.03%	0.01%	0.01%
SBUX	F	0.07%	0.14%	0.07%
SCCO	A	0.0%	0.02%	0.0%
SCHW	B	0.02%	0.19%	0.02%
SCI	D	0.05%	0.02%	0.02%
SEE	C	0.08%	0.02%	0.02%
SEIC	D	0.07%	0.01%	0.01%
SEM	B	0.04%	0.02%	0.02%
SF	B	0.01%	0.03%	0.01%
SFM	A	0.15%	0.03%	0.03%
SHW	D	0.19%	0.08%	0.08%
SIG	C	0.06%	0.02%	0.02%
SIGI	F	0.01%	0.02%	0.01%
SITE	F	0.01%	0.01%	0.01%
SJM	F	0.03%	0.05%	0.03%
SKX	B	0.03%	0.03%	0.03%
SLB	F	0.08%	0.16%	0.08%
SLG	C	0.06%	0.03%	0.03%
SLGN	C	0.04%	0.02%	0.02%
SLM	D	0.07%	0.02%	0.02%
SLVM	B	0.03%	0.02%	0.02%
SM	D	0.04%	0.02%	0.02%
SMCI	D	0.31%	0.01%	0.01%
SMG	D	0.06%	0.02%	0.02%
SNOW	D	0.11%	0.01%	0.01%
SNPS	C	0.18%	0.03%	0.03%
SOFI	F	0.01%	0.01%	0.01%
SOLV	F	0.03%	0.06%	0.03%
SON	B	0.04%	0.03%	0.03%
SPB	C	0.01%	0.01%	0.01%
SPG	C	0.18%	0.11%	0.11%
SPGI	B	0.33%	0.16%	0.16%
SRCL	F	0.03%	0.02%	0.02%
STAG	C	0.01%	0.01%	0.01%
STE	C	0.11%	0.03%	0.03%
STLD	D	0.02%	0.08%	0.02%
STWD	B	0.02%	0.04%	0.02%
STZ	D	0.04%	0.08%	0.04%
SUI	F	0.04%	0.04%	0.04%
SWK	D	0.03%	0.08%	0.03%
SWN	B	0.01%	0.06%	0.01%
SYF	C	0.27%	0.17%	0.17%
SYK	D	0.24%	0.12%	0.12%
SYY	D	0.07%	0.15%	0.07%
T	B	0.7%	1.0%	0.7%
TAP	F	0.09%	0.05%	0.05%
TDG	C	0.17%	0.08%	0.08%
TDS	B	0.03%	0.03%	0.03%
TER	B	0.03%	0.03%	0.03%
TEX	C	0.07%	0.01%	0.01%
TFX	D	0.03%	0.02%	0.02%
TGNA	C	0.04%	0.02%	0.02%
TGT	D	0.59%	0.33%	0.33%
THC	B	0.25%	0.1%	0.1%
THG	A	0.04%	0.02%	0.02%
THO	F	0.07%	0.03%	0.03%
THS	F	0.02%	0.01%	0.01%
TJX	B	0.36%	0.17%	0.17%
TKR	C	0.05%	0.02%	0.02%
TMHC	B	0.07%	0.04%	0.04%
TMUS	B	0.11%	0.25%	0.11%
TOL	B	0.09%	0.05%	0.05%
TPH	B	0.05%	0.02%	0.02%
TPR	D	0.01%	0.03%	0.01%
TPX	C	0.06%	0.01%	0.01%
TRGP	A	0.05%	0.07%	0.05%
TRN	B	0.03%	0.02%	0.02%
TROW	D	0.1%	0.1%	0.1%
TRV	D	0.2%	0.22%	0.2%
TSCO	A	0.07%	0.05%	0.05%
TSN	B	0.12%	0.16%	0.12%
TTC	D	0.09%	0.02%	0.02%
TTMI	B	0.01%	0.01%	0.01%
TTWO	D	0.12%	0.04%	0.04%
TWLO	D	0.02%	0.03%	0.02%
TXN	B	0.24%	0.34%	0.24%
TXRH	B	0.06%	0.01%	0.01%
TXT	D	0.03%	0.05%	0.03%
TYL	B	0.06%	0.02%	0.02%
UAL	C	0.01%	0.04%	0.01%
UBER	D	0.27%	0.05%	0.05%
UDR	C	0.05%	0.04%	0.04%
UFPI	C	0.07%	0.02%	0.02%
UHAL	C	0.02%	0.0%	0.0%
UHAL	C	0.02%	0.02%	0.02%
UHAL	C	0.03%	0.0%	0.0%
UHAL	C	0.03%	0.02%	0.02%
UHS	B	0.06%	0.05%	0.05%
ULTA	F	0.06%	0.03%	0.03%
UNM	B	0.07%	0.07%	0.07%
UNP	C	0.59%	0.29%	0.29%
UPS	D	0.23%	0.4%	0.23%
URBN	C	0.06%	0.01%	0.01%
URI	C	0.1%	0.1%	0.1%
USFD	B	0.08%	0.08%	0.08%
UTHR	A	0.14%	0.03%	0.03%
UVV	C	0.01%	0.01%	0.01%
V	B	0.22%	0.25%	0.22%
VEEV	D	0.07%	0.01%	0.01%
VFC	F	0.01%	0.05%	0.01%
VLO	D	0.4%	0.41%	0.4%
VMC	D	0.07%	0.04%	0.04%
VNO	F	0.03%	0.04%	0.03%
VNT	D	0.03%	0.02%	0.02%
VRSK	A	0.27%	0.03%	0.03%
VRTX	B	0.23%	0.08%	0.08%
VSH	C	0.04%	0.02%	0.02%
VST	B	0.25%	0.11%	0.11%
VTRS	D	0.13%	0.1%	0.1%
VZ	C	0.59%	1.27%	0.59%
WAB	A	0.04%	0.06%	0.04%
WAL	C	0.01%	0.02%	0.01%
WAT	B	0.05%	0.02%	0.02%
WBA	F	0.25%	0.25%	0.25%
WCC	C	0.11%	0.05%	0.05%
WDAY	D	0.11%	0.02%	0.02%
WDC	C	0.15%	0.13%	0.13%
WELL	B	0.11%	0.13%	0.11%
WERN	D	0.02%	0.01%	0.01%
WFC	C	1.02%	1.2%	1.02%
WH	F	0.03%	0.01%	0.01%
WHR	F	0.04%	0.06%	0.04%
WM	B	0.09%	0.13%	0.09%
WMT	A	1.62%	0.92%	0.92%
WPC	C	0.05%	0.04%	0.04%
WRB	D	0.02%	0.04%	0.02%
WRK	A	0.1%	0.11%	0.1%
WSM	C	0.28%	0.05%	0.05%
WSO	B	0.22%	0.03%	0.03%
WST	F	0.1%	0.02%	0.02%
WTFC	B	0.01%	0.02%	0.01%
WTW	D	0.04%	0.06%	0.04%
WU	D	0.08%	0.04%	0.04%
WWD	A	0.01%	0.02%	0.01%
X	F	0.06%	0.06%	0.06%
XOM	B	0.77%	2.39%	0.77%
XPO	D	0.04%	0.02%	0.02%
XRAY	F	0.04%	0.02%	0.02%
XRX	F	0.02%	0.02%	0.02%
XYL	A	0.08%	0.04%	0.04%
YUM	B	0.12%	0.06%	0.06%
Z	F	0.02%	0.01%	0.01%
ZION	B	0.01%	0.04%	0.01%
ZTS	D	0.05%	0.06%	0.05%

MFUS Overweight 146 Positions Relative to PRF

Symbol	Grade	Weight
ANF	A	0.29%
PANW	C	0.23%
FICO	A	0.18%
PLTR	D	0.1%
DELL	B	0.09%
CRS	B	0.09%
WIRE	C	0.08%
ERIE	C	0.07%
WEN	F	0.07%
HLI	C	0.07%
MPWR	C	0.07%
CHE	F	0.06%
EXP	D	0.06%
MANH	D	0.06%
PINS	B	0.06%
LANC	D	0.05%
DDS	C	0.05%
TW	B	0.05%
CPAY	D	0.05%
VRSN	F	0.05%
SKYW	C	0.05%
HXL	C	0.05%
PR	D	0.05%
LOPE	C	0.05%
IBKR	A	0.05%
KTB	A	0.05%
ROL	C	0.05%
FIX	C	0.05%
CALM	D	0.05%
MOG.A	C	0.04%
WTM	D	0.04%
DLB	C	0.04%
CRUS	B	0.04%
HAE	B	0.04%
BDC	C	0.04%
PSTG	B	0.04%
SNAP	C	0.04%
BSY	A	0.04%
VVV	D	0.04%
ATGE	B	0.04%
NYT	B	0.04%
NBIX	B	0.04%
VC	D	0.04%
CHDN	C	0.03%
SSD	F	0.03%
VIRT	B	0.03%
AROC	B	0.03%
AWI	D	0.03%
TDC	F	0.03%
SEB	D	0.03%
SHOO	C	0.03%
MORN	D	0.03%
APP	C	0.03%
YELP	F	0.03%
BRKR	D	0.03%
GBX	C	0.03%
GVA	B	0.03%
SITC	B	0.03%
ACA	C	0.03%
DBRG	F	0.03%
WTS	B	0.03%
FHI	D	0.03%
MSA	B	0.03%
HNI	B	0.02%
CVLT	B	0.02%
CVI	F	0.02%
IOSP	B	0.02%
PSN	D	0.02%
MKTX	D	0.02%
DNOW	D	0.02%
APOG	B	0.02%
OSIS	C	0.02%
TREX	D	0.02%
U	F	0.02%
MCY	B	0.02%
ROKU	F	0.02%
COKE	C	0.02%
SAM	F	0.02%
PRIM	B	0.02%
PTEN	F	0.02%
GMED	B	0.02%
CROX	C	0.02%
SXT	B	0.02%
NTCT	D	0.02%
STC	B	0.02%
LZB	C	0.02%
PRG	C	0.02%
ORA	C	0.02%
BKE	D	0.02%
UNF	D	0.02%
XHR	D	0.02%
EPC	C	0.02%
MASI	D	0.02%
AIR	C	0.02%
BFAM	D	0.02%
GES	C	0.02%
NEU	D	0.02%
WMS	C	0.02%
SHO	D	0.02%
FIZZ	D	0.01%
IART	F	0.01%
WOLF	F	0.01%
SCHL	D	0.01%
VSTO	C	0.01%
TDOC	F	0.01%
SCL	C	0.01%
ECPG	C	0.01%
RRR	D	0.01%
IONS	F	0.01%
WAFD	C	0.01%
JBLU	D	0.01%
CACC	F	0.01%
WGO	F	0.01%
DOOR	A	0.01%
AMED	C	0.01%
SVC	F	0.01%
JJSF	C	0.01%
CSGS	F	0.01%
FELE	D	0.01%
KN	C	0.01%
SATS	C	0.01%
ADTN	D	0.01%
SPR	D	0.01%
DBX	D	0.01%
LADR	A	0.01%
SYNA	D	0.01%
KALU	B	0.01%
NNI	A	0.01%
CENTA	B	0.01%
GWRE	B	0.01%
WOR	D	0.01%
CWEN	C	0.01%
MATX	C	0.01%
PSMT	B	0.01%
H	D	0.01%
GOLF	C	0.01%
SNDR	D	0.01%
LAUR	B	0.01%
AMWD	C	0.01%
BHE	B	0.01%
TTEK	A	0.01%
SAH	C	0.01%
DORM	D	0.01%
TNET	F	0.01%
SCS	C	0.01%
STRA	C	0.01%

MFUS Underweight 356 Positions Relative to PRF

Symbol	Grade	Weight
BAC	B	-1.25%
UNH	C	-0.99%
GOOG	A	-0.94%
MS	B	-0.46%
DIS	D	-0.45%
RTX	B	-0.45%
CI	D	-0.44%
NEE	B	-0.41%
DUK	A	-0.41%
SO	A	-0.36%
MDT	B	-0.36%
USB	D	-0.35%
TFC	B	-0.34%
ABT	F	-0.32%
PNC	B	-0.31%
CNC	B	-0.31%
FDX	D	-0.3%
EOG	C	-0.29%
CB	A	-0.29%
LIN	D	-0.29%
HON	B	-0.28%
AXP	A	-0.27%
DOW	B	-0.27%
D	A	-0.27%
BLK	B	-0.27%
TMO	B	-0.26%
DE	D	-0.25%
TSLA	D	-0.23%
AEP	A	-0.22%
SRE	A	-0.18%
ADI	B	-0.18%
OXY	D	-0.18%
FCX	A	-0.18%
DHR	A	-0.18%
HUM	D	-0.18%
WMB	A	-0.18%
PYPL	D	-0.17%
ED	B	-0.17%
BA	D	-0.16%
OKE	B	-0.15%
JCI	B	-0.15%
PLD	F	-0.15%
AMT	C	-0.15%
EIX	A	-0.14%
APD	C	-0.14%
STT	B	-0.14%
PEG	B	-0.14%
MRNA	C	-0.14%
DVN	D	-0.14%
WBD	F	-0.14%
NSC	D	-0.13%
XEL	D	-0.13%
PPL	A	-0.13%
BG	C	-0.13%
ES	C	-0.12%
CCI	D	-0.12%
MTB	B	-0.12%
ETR	B	-0.12%
HBAN	B	-0.11%
WEC	C	-0.11%
PCG	A	-0.11%
FE	B	-0.11%
FANG	C	-0.1%
IFF	A	-0.1%
WY	F	-0.1%
KEY	B	-0.1%
NXPI	B	-0.1%
TEL	B	-0.1%
RF	B	-0.1%
O	C	-0.1%
DTE	A	-0.1%
MKL	A	-0.09%
NTRS	C	-0.09%
CTRA	B	-0.09%
TT	B	-0.09%
CBRE	C	-0.09%
HAL	D	-0.09%
VTR	B	-0.09%
AER	B	-0.09%
MCHP	B	-0.08%
AVB	B	-0.08%
ECL	A	-0.08%
CNP	B	-0.08%
ACGL	A	-0.08%
KMX	F	-0.08%
EQR	B	-0.08%
ZIM	C	-0.08%
AEE	C	-0.08%
IQV	D	-0.07%
HES	C	-0.07%
SQ	D	-0.07%
APTV	D	-0.07%
DOC	B	-0.07%
PFGC	C	-0.07%
CINF	C	-0.07%
STX	C	-0.07%
VICI	C	-0.07%
CMS	A	-0.07%
ARE	C	-0.07%
LNG	D	-0.06%
AFG	B	-0.06%
ZBH	D	-0.06%
RJF	B	-0.06%
GRMN	A	-0.06%
AWK	C	-0.06%
ON	D	-0.05%
ALB	D	-0.05%
SNX	A	-0.05%
A	B	-0.05%
MAA	C	-0.05%
FHN	B	-0.05%
MGM	F	-0.05%
BAP	D	-0.05%
FYBR	B	-0.05%
LKQ	F	-0.05%
ROK	F	-0.05%
MPW	C	-0.05%
LNT	B	-0.05%
EL	F	-0.05%
ATO	B	-0.05%
EG	C	-0.05%
UGI	C	-0.05%
ORI	A	-0.05%
LH	D	-0.05%
DOV	B	-0.05%
OVV	D	-0.05%
CHK	B	-0.05%
NI	B	-0.05%
CF	F	-0.05%
PNW	B	-0.05%
TDY	D	-0.04%
ALV	B	-0.04%
FTV	D	-0.04%
MTZ	C	-0.04%
RIG	D	-0.04%
SNA	D	-0.04%
OGE	A	-0.04%
DAL	B	-0.04%
EW	D	-0.04%
EQT	C	-0.04%
KIM	C	-0.04%
J	F	-0.04%
FMC	C	-0.04%
AVTR	D	-0.04%
AAP	D	-0.04%
SWKS	F	-0.04%
HAS	C	-0.04%
AME	D	-0.04%
CLF	F	-0.04%
CCEP	B	-0.04%
ICLR	D	-0.04%
LAD	F	-0.04%
ESS	B	-0.04%
TRU	C	-0.03%
ST	C	-0.03%
HLF	D	-0.03%
PB	C	-0.03%
BRX	C	-0.03%
QRVO	F	-0.03%
PENN	F	-0.03%
CPNG	B	-0.03%
SWX	A	-0.03%
FNB	B	-0.03%
AXS	A	-0.03%
PRGO	F	-0.03%
CTLT	D	-0.03%
ARMK	B	-0.03%
SNV	B	-0.03%
WTRG	C	-0.03%
RRX	D	-0.03%
BPOP	B	-0.03%
CSGP	D	-0.03%
WBS	D	-0.03%
AL	C	-0.03%
CZR	F	-0.03%
DAR	D	-0.03%
FSLR	C	-0.03%
KEYS	C	-0.03%
ZBRA	C	-0.03%
VOYA	B	-0.03%
HUN	C	-0.03%
CAR	D	-0.03%
SSNC	B	-0.03%
REG	C	-0.03%
BCO	B	-0.02%
ACHC	F	-0.02%
HTZ	F	-0.02%
EPAM	F	-0.02%
DY	C	-0.02%
ASH	A	-0.02%
VSAT	D	-0.02%
ALLE	D	-0.02%
BKU	C	-0.02%
FULT	B	-0.02%
HOMB	B	-0.02%
TCBI	C	-0.02%
LYV	D	-0.02%
EPR	C	-0.02%
MTDR	D	-0.02%
FHB	B	-0.02%
TROX	B	-0.02%
GBCI	C	-0.02%
ABNB	D	-0.02%
LUV	F	-0.02%
CHKP	D	-0.02%
WYNN	D	-0.02%
ATKR	F	-0.02%
NJR	C	-0.02%
PCH	F	-0.02%
REXR	F	-0.02%
VRT	C	-0.02%
PHIN	B	-0.02%
NVST	F	-0.02%
NWE	C	-0.02%
CIEN	C	-0.02%
CPRI	F	-0.02%
WLK	B	-0.02%
AGO	D	-0.02%
ASGN	C	-0.02%
IAC	C	-0.02%
MELI	B	-0.02%
CWK	B	-0.02%
AVNT	B	-0.02%
ALE	B	-0.02%
AAL	C	-0.02%
CBSH	B	-0.02%
OGS	C	-0.02%
SR	C	-0.02%
TNL	D	-0.02%
VAC	D	-0.02%
CADE	C	-0.02%
SBRA	B	-0.02%
HWC	C	-0.02%
CFR	D	-0.02%
AGR	D	-0.02%
ILMN	F	-0.02%
RNR	C	-0.02%
BIO	F	-0.02%
SSB	C	-0.02%
CSTM	D	-0.02%
IDA	C	-0.02%
CBOE	C	-0.02%
W	C	-0.02%
UBSI	C	-0.02%
HIW	C	-0.02%
MIDD	F	-0.02%
HOOD	C	-0.02%
CUZ	C	-0.02%
ASB	C	-0.02%
PNFP	C	-0.02%
ONB	B	-0.02%
FOX	C	-0.02%
MAT	F	-0.02%
CRL	D	-0.02%
CIVI	C	-0.02%
VLY	D	-0.02%
SAIC	C	-0.02%
RDN	C	-0.02%
AIRC	A	-0.02%
ZM	D	-0.02%
NNN	B	-0.02%
SPOT	C	-0.02%
CHRD	C	-0.02%
VLTO	B	-0.02%
BKH	C	-0.02%
GL	F	-0.02%
BXMT	F	-0.02%
LULU	F	-0.02%
OZK	C	-0.02%
FLR	D	-0.02%
TRMB	D	-0.02%
BURL	D	-0.02%
PII	F	-0.02%
DTM	A	-0.02%
POR	C	-0.02%
KRC	C	-0.02%
FRT	C	-0.02%
HEI	B	-0.01%
UAA	F	-0.01%
UA	F	-0.01%
VSTS	F	-0.01%
HEI	B	-0.01%
SEDG	F	-0.01%
NWS	C	-0.01%
BIG	F	-0.01%
CLVT	F	-0.01%
LGIH	D	-0.01%
PARR	F	-0.01%
FIVE	F	-0.01%
UNFI	D	-0.01%
WSC	F	-0.01%
UNIT	F	-0.01%
CNXC	D	-0.01%
BXC	D	-0.01%
BYD	F	-0.01%
OPEN	F	-0.01%
OPCH	F	-0.01%
AMR	F	-0.01%
CRC	F	-0.01%
NUS	D	-0.01%
XP	F	-0.01%
GTN	D	-0.01%
LITE	D	-0.01%
INDB	D	-0.01%
CCS	D	-0.01%
CABO	F	-0.01%
RXO	C	-0.01%
UCBI	C	-0.01%
KMT	C	-0.01%
PPBI	C	-0.01%
AUB	C	-0.01%
CATY	C	-0.01%
ESI	D	-0.01%
ARI	D	-0.01%
DIOD	C	-0.01%
HPP	F	-0.01%
FIBK	C	-0.01%
BOKF	B	-0.01%
FFBC	B	-0.01%
LFUS	C	-0.01%
ENOV	F	-0.01%
IRT	C	-0.01%
VSCO	C	-0.01%
SFNC	D	-0.01%
STNE	F	-0.01%
ABR	C	-0.01%
KNF	D	-0.01%
LCII	D	-0.01%
BDN	C	-0.01%
BGS	F	-0.01%
HRI	D	-0.01%
FUL	B	-0.01%
ABCB	C	-0.01%
OUT	D	-0.01%
EEFT	C	-0.01%
UMBF	B	-0.01%
COLB	C	-0.01%
CGNX	C	-0.01%
DXCM	D	-0.01%
ENS	C	-0.01%
GTLS	C	-0.01%
AM	A	-0.01%
GME	D	-0.01%
RH	D	-0.01%
RUN	D	-0.01%
AXL	C	-0.01%
VMI	C	-0.01%
ADC	C	-0.01%
KRG	C	-0.01%
WEX	F	-0.01%
ESGR	B	-0.01%
ARCH	D	-0.01%
ALIT	F	-0.01%
GRAB	C	-0.01%
LBRDA	D	-0.0%
ZG	F	-0.0%