MFUS vs. SCHZ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Schwab US Aggregate Bond ETF (SCHZ)

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

$50.35

Average Daily Volume

7,922

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

SCHZ

Schwab US Aggregate Bond ETF

SCHZ Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Barclays U.S. Aggregate Bond IndexSM. The fund invests at least 90% of its net assets in securities included in the index. The index is a broad based benchmark measuring the performance of the U.S. investment grade, taxable bond market, including U.S. Treasuries, government-related and corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities that are publicly available for sale in the United States.

Grade (RS Rating)

Last Trade

$46.88

Average Daily Volume

532,881

Number of Holdings ^*

539

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SCHZ
30 Days	3.55%	-0.62%
60 Days	10.60%	0.25%
90 Days	6.54%	3.37%
12 Months	36.03%	11.26%

365 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SCHZ	Overlap
A	B	0.05%	0.0%	0.0%
AAP	F	0.01%	0.0%	0.0%
AAPL	C	0.97%	0.0%	0.0%
ABBV	C	1.56%	0.0%	0.0%
ADBE	F	0.04%	0.0%	0.0%
ADC	C	0.01%	0.0%	0.0%
ADM	F	0.25%	0.0%	0.0%
ADP	A	0.1%	0.0%	0.0%
ADSK	B	0.08%	0.0%	0.0%
AEP	C	0.09%	0.0%	0.0%
AES	C	0.02%	0.0%	0.0%
AFL	A	0.22%	0.0%	0.0%
AIG	C	0.34%	0.0%	0.0%
AIZ	B	0.08%	0.0%	0.0%
AJG	C	0.14%	0.0%	0.0%
ALL	A	0.26%	0.0%	0.0%
ALLY	F	0.05%	0.0%	0.0%
AMAT	C	0.59%	0.0%	0.0%
AMG	B	0.06%	0.0%	0.0%
AMGN	D	1.01%	0.0%	0.0%
AMH	D	0.04%	0.0%	0.0%
AMP	A	0.12%	0.0%	0.0%
AMT	D	0.16%	0.0%	0.0%
AMZN	C	1.6%	0.0%	0.0%
AN	D	0.07%	0.0%	0.0%
AON	A	0.23%	0.0%	0.0%
APH	D	0.11%	0.0%	0.0%
ARW	C	0.05%	0.0%	0.0%
ATO	A	0.02%	0.0%	0.0%
AVA	D	0.03%	0.0%	0.0%
AVB	C	0.03%	0.0%	0.0%
AVGO	B	1.68%	0.0%	0.0%
AVT	B	0.04%	0.0%	0.0%
AVY	D	0.1%	0.0%	0.0%
AXP	A	0.21%	0.0%	0.0%
AYI	A	0.08%	0.0%	0.0%
AZO	D	0.29%	0.0%	0.0%
BAC	B	0.39%	0.0%	0.0%
BAX	D	0.05%	0.0%	0.0%
BBY	C	0.23%	0.0%	0.0%
BC	C	0.06%	0.0%	0.0%
BDX	C	0.12%	0.0%	0.0%
BEN	F	0.02%	0.0%	0.0%
BERY	C	0.06%	0.0%	0.0%
BHF	D	0.04%	0.0%	0.0%
BIIB	F	0.08%	0.01%	0.01%
BK	A	0.17%	0.0%	0.0%
BKNG	B	0.36%	0.0%	0.0%
BKU	D	0.03%	0.0%	0.0%
BLK	A	0.17%	0.0%	0.0%
BMY	A	0.36%	0.0%	0.0%
BR	B	0.16%	0.0%	0.0%
BRO	A	0.11%	0.0%	0.0%
BSX	A	0.2%	0.0%	0.0%
BWA	C	0.01%	0.0%	0.0%
BXP	B	0.02%	0.0%	0.0%
C	B	0.63%	0.0%	0.0%
CACC	F	0.01%	0.0%	0.0%
CAG	D	0.05%	0.0%	0.0%
CAH	B	0.24%	0.0%	0.0%
CARR	A	0.05%	0.0%	0.0%
CAT	A	0.2%	0.0%	0.0%
CB	A	0.17%	0.0%	0.0%
CBT	B	0.05%	0.0%	0.0%
CCI	D	0.08%	0.0%	0.0%
CE	D	0.04%	0.0%	0.0%
CFG	C	0.03%	0.0%	0.0%
CHD	D	0.07%	0.01%	0.01%
CHRW	C	0.14%	0.0%	0.0%
CHTR	D	0.25%	0.0%	0.0%
CI	D	0.15%	0.0%	0.0%
CINF	A	0.02%	0.0%	0.0%
CL	D	0.41%	0.0%	0.0%
CLX	C	0.12%	0.0%	0.0%
CMA	C	0.04%	0.0%	0.0%
CMCSA	B	0.16%	0.0%	0.0%
CME	A	0.14%	0.0%	0.0%
CMI	A	0.13%	0.0%	0.0%
CMS	A	0.03%	0.0%	0.0%
CNO	B	0.04%	0.0%	0.0%
COF	A	0.24%	0.0%	0.0%
COKE	C	0.03%	0.0%	0.0%
COP	D	0.07%	0.0%	0.0%
COST	C	1.36%	0.0%	0.0%
CPB	D	0.05%	0.0%	0.0%
CPT	C	0.06%	0.0%	0.0%
CSCO	A	0.61%	0.0%	0.0%
CSL	A	0.02%	0.0%	0.0%
CSX	D	0.11%	0.0%	0.0%
CTAS	C	0.19%	0.0%	0.0%
CTVA	A	0.04%	0.0%	0.0%
CUBE	C	0.05%	0.0%	0.0%
CVS	D	0.71%	0.0%	0.0%
CVX	B	0.36%	0.0%	0.0%
D	A	0.07%	0.0%	0.0%
DD	C	0.11%	0.01%	0.01%
DELL	C	0.03%	0.0%	0.0%
DFS	A	0.08%	0.0%	0.0%
DG	F	0.1%	0.0%	0.0%
DGX	D	0.09%	0.0%	0.0%
DHI	C	0.07%	0.0%	0.0%
DHR	D	0.28%	0.0%	0.0%
DLR	C	0.08%	0.0%	0.0%
DLTR	F	0.03%	0.01%	0.01%
DOV	C	0.02%	0.0%	0.0%
DOW	B	0.02%	0.0%	0.0%
DOX	B	0.03%	0.0%	0.0%
DRI	C	0.03%	0.0%	0.0%
DTE	B	0.02%	0.0%	0.0%
DUK	C	0.14%	0.0%	0.0%
DXC	C	0.01%	0.0%	0.0%
EA	D	0.16%	0.0%	0.0%
EBAY	A	0.38%	0.0%	0.0%
ECL	C	0.08%	0.0%	0.0%
ED	C	0.06%	0.0%	0.0%
EFX	D	0.13%	0.0%	0.0%
EIX	C	0.05%	0.0%	0.0%
EMN	C	0.04%	0.0%	0.0%
EMR	B	0.07%	0.0%	0.0%
EQH	B	0.08%	0.0%	0.0%
EQR	C	0.04%	0.0%	0.0%
ES	D	0.04%	0.0%	0.0%
ESS	D	0.02%	0.0%	0.0%
ETR	A	0.04%	0.0%	0.0%
EVRG	C	0.02%	0.0%	0.0%
EXC	C	0.07%	0.0%	0.0%
EXP	C	0.06%	0.0%	0.0%
FAF	C	0.02%	0.0%	0.0%
FANG	D	0.05%	0.0%	0.0%
FE	C	0.03%	0.0%	0.0%
FHN	D	0.01%	0.0%	0.0%
FIS	A	0.07%	0.0%	0.0%
FITB	C	0.04%	0.0%	0.0%
FLEX	B	0.04%	0.0%	0.0%
FLO	D	0.04%	0.0%	0.0%
FNF	C	0.03%	0.0%	0.0%
FOXA	B	0.1%	0.0%	0.0%
FTNT	A	0.06%	0.0%	0.0%
G	A	0.05%	0.0%	0.0%
GD	C	0.24%	0.0%	0.0%
GE	B	0.61%	0.0%	0.0%
GILD	A	0.79%	0.0%	0.0%
GIS	C	0.2%	0.0%	0.0%
GLPI	C	0.07%	0.0%	0.0%
GLW	C	0.19%	0.0%	0.0%
GM	D	0.32%	0.0%	0.0%
GS	B	0.35%	0.0%	0.0%
GWW	B	0.19%	0.0%	0.0%
H	B	0.01%	0.0%	0.0%
HBAN	B	0.03%	0.0%	0.0%
HCA	C	0.3%	0.0%	0.0%
HD	A	0.6%	0.0%	0.0%
HIG	A	0.06%	0.0%	0.0%
HII	F	0.03%	0.0%	0.0%
HOG	D	0.03%	0.0%	0.0%
HP	D	0.02%	0.0%	0.0%
HPE	B	0.1%	0.0%	0.0%
HPQ	B	0.29%	0.0%	0.0%
HRB	C	0.08%	0.0%	0.0%
HRL	F	0.02%	0.0%	0.0%
HST	D	0.02%	0.0%	0.0%
HSY	D	0.06%	0.0%	0.0%
HUBB	A	0.03%	0.0%	0.0%
HUN	B	0.01%	0.0%	0.0%
IBM	A	1.14%	0.0%	0.0%
ICE	A	0.3%	0.0%	0.0%
IEX	D	0.08%	0.0%	0.0%
IFF	D	0.04%	0.0%	0.0%
INGR	B	0.06%	0.0%	0.0%
INTC	D	0.19%	0.0%	0.0%
INVH	D	0.04%	0.0%	0.0%
IP	C	0.08%	0.0%	0.0%
IPG	D	0.04%	0.0%	0.0%
ITW	C	0.1%	0.0%	0.0%
IVZ	A	0.03%	0.0%	0.0%
JBHT	D	0.02%	0.0%	0.0%
JBL	C	0.03%	0.0%	0.0%
JBLU	B	0.02%	0.0%	0.0%
JCI	C	0.06%	0.0%	0.0%
JEF	A	0.02%	0.0%	0.0%
JNJ	D	1.28%	0.0%	0.0%
JNPR	C	0.13%	0.0%	0.0%
JPM	C	0.88%	0.0%	0.0%
K	B	0.15%	0.0%	0.0%
KDP	C	0.08%	0.0%	0.0%
KEX	C	0.02%	0.0%	0.0%
KEY	B	0.02%	0.0%	0.0%
KIM	C	0.02%	0.0%	0.0%
KLAC	B	0.28%	0.0%	0.0%
KMB	D	0.18%	0.0%	0.0%
KMI	A	0.09%	0.0%	0.0%
KMPR	D	0.02%	0.0%	0.0%
KO	C	1.16%	0.0%	0.0%
KR	C	0.37%	0.0%	0.0%
KSS	D	0.03%	0.0%	0.0%
L	C	0.06%	0.0%	0.0%
LDOS	A	0.11%	0.0%	0.0%
LEA	F	0.01%	0.0%	0.0%
LEG	D	0.02%	0.0%	0.0%
LEN	C	0.07%	0.0%	0.0%
LHX	A	0.23%	0.0%	0.0%
LII	C	0.22%	0.0%	0.0%
LLY	D	2.87%	0.0%	0.0%
LMT	A	0.82%	0.0%	0.0%
LNC	B	0.03%	0.0%	0.0%
LNT	B	0.02%	0.0%	0.0%
LOW	C	0.34%	0.0%	0.0%
LRCX	D	0.19%	0.0%	0.0%
LXP	D	0.02%	0.0%	0.0%
LYB	B	0.18%	0.0%	0.0%
MA	A	0.27%	0.0%	0.0%
MAA	D	0.02%	0.0%	0.0%
MAR	A	0.04%	0.0%	0.0%
MAS	C	0.06%	0.0%	0.0%
MCD	A	0.55%	0.0%	0.0%
MCK	F	0.5%	0.0%	0.0%
MCO	D	0.12%	0.0%	0.0%
MCY	B	0.02%	0.0%	0.0%
MDLZ	D	0.26%	0.0%	0.0%
MET	A	0.32%	0.0%	0.0%
MHK	C	0.01%	0.0%	0.0%
MKC	C	0.06%	0.0%	0.0%
MLM	F	0.07%	0.0%	0.0%
MMC	D	0.19%	0.0%	0.0%
MMM	C	0.63%	0.0%	0.0%
MO	D	0.66%	0.0%	0.0%
MOS	F	0.01%	0.0%	0.0%
MPC	D	0.36%	0.0%	0.0%
MRK	F	1.0%	0.0%	0.0%
MRO	B	0.03%	0.0%	0.0%
MS	A	0.18%	0.0%	0.0%
MSI	A	0.18%	0.0%	0.0%
MTB	A	0.03%	0.0%	0.0%
MU	D	0.15%	0.0%	0.0%
NDAQ	C	0.05%	0.0%	0.0%
NEE	C	0.25%	0.0%	0.0%
NEM	C	0.22%	0.0%	0.0%
NEU	F	0.03%	0.0%	0.0%
NFG	A	0.05%	0.0%	0.0%
NI	A	0.02%	0.0%	0.0%
NKE	D	0.07%	0.0%	0.0%
NNN	C	0.01%	0.0%	0.0%
NOC	B	0.38%	0.0%	0.0%
NOV	F	0.01%	0.0%	0.0%
NOW	B	0.31%	0.01%	0.01%
NSC	C	0.07%	0.0%	0.0%
NTAP	D	0.1%	0.0%	0.0%
NTRS	B	0.03%	0.0%	0.0%
NUE	D	0.08%	0.0%	0.0%
NVDA	B	1.64%	0.0%	0.0%
NVR	C	0.1%	0.0%	0.0%
O	C	0.06%	0.0%	0.0%
OC	C	0.02%	0.0%	0.0%
OHI	C	0.02%	0.0%	0.0%
OKE	A	0.09%	0.0%	0.0%
OMC	C	0.06%	0.0%	0.0%
ORCL	A	1.38%	0.0%	0.0%
ORLY	A	0.19%	0.0%	0.0%
OSK	F	0.03%	0.0%	0.0%
OTIS	A	0.08%	0.0%	0.0%
PEG	A	0.06%	0.0%	0.0%
PEP	F	0.77%	0.0%	0.0%
PFE	D	0.64%	0.0%	0.0%
PFG	A	0.01%	0.0%	0.0%
PG	D	1.04%	0.0%	0.0%
PGR	B	0.6%	0.0%	0.0%
PH	A	0.13%	0.0%	0.0%
PHM	C	0.11%	0.0%	0.0%
PKG	B	0.07%	0.0%	0.0%
PM	D	0.83%	0.0%	0.0%
PNC	C	0.11%	0.0%	0.0%
PNR	C	0.02%	0.0%	0.0%
PNW	C	0.01%	0.0%	0.0%
PPG	D	0.05%	0.0%	0.0%
PPL	C	0.04%	0.0%	0.0%
PRU	B	0.23%	0.0%	0.0%
PSA	C	0.1%	0.0%	0.0%
PSX	D	0.23%	0.0%	0.0%
PVH	D	0.02%	0.0%	0.0%
PWR	A	0.11%	0.0%	0.0%
PYPL	A	0.11%	0.0%	0.0%
QCOM	D	0.8%	0.0%	0.0%
R	C	0.07%	0.0%	0.0%
REGN	D	0.49%	0.0%	0.0%
RF	B	0.01%	0.0%	0.0%
RGA	B	0.06%	0.0%	0.0%
RL	B	0.03%	0.0%	0.0%
ROP	D	0.06%	0.0%	0.0%
RPM	A	0.12%	0.0%	0.0%
RPRX	D	0.03%	0.0%	0.0%
RS	D	0.04%	0.0%	0.0%
RSG	D	0.13%	0.0%	0.0%
RTX	A	0.23%	0.0%	0.0%
SBUX	B	0.09%	0.0%	0.0%
SCCO	B	0.0%	0.0%	0.0%
SCHW	D	0.04%	0.0%	0.0%
SCS	D	0.01%	0.0%	0.0%
SF	A	0.01%	0.0%	0.0%
SHW	C	0.22%	0.0%	0.0%
SIGI	D	0.01%	0.0%	0.0%
SJM	D	0.04%	0.0%	0.0%
SLB	D	0.01%	0.0%	0.0%
SLG	C	0.08%	0.0%	0.0%
SNV	D	0.01%	0.0%	0.0%
SO	A	0.13%	0.0%	0.0%
SON	D	0.04%	0.0%	0.0%
SPG	A	0.16%	0.0%	0.0%
SPGI	C	0.27%	0.0%	0.0%
SRE	C	0.08%	0.0%	0.0%
STE	D	0.08%	0.0%	0.0%
STLD	C	0.04%	0.0%	0.0%
STZ	D	0.06%	0.0%	0.0%
SUI	D	0.05%	0.0%	0.0%
SWX	C	0.01%	0.0%	0.0%
SYF	A	0.24%	0.0%	0.0%
SYY	D	0.13%	0.0%	0.0%
T	B	0.74%	0.0%	0.0%
TAP	D	0.08%	0.0%	0.0%
TFC	D	0.08%	0.0%	0.0%
TGT	C	0.77%	0.0%	0.0%
THG	A	0.04%	0.0%	0.0%
TJX	D	0.38%	0.0%	0.0%
TKR	B	0.04%	0.0%	0.0%
TMO	D	0.33%	0.0%	0.0%
TMUS	A	0.38%	0.0%	0.0%
TPR	B	0.01%	0.0%	0.0%
TRV	B	0.2%	0.0%	0.0%
TSCO	A	0.12%	0.0%	0.0%
TSN	D	0.16%	0.0%	0.0%
TXN	C	0.3%	0.0%	0.0%
UAL	A	0.01%	0.0%	0.0%
UDR	C	0.03%	0.0%	0.0%
UHS	D	0.07%	0.01%	0.01%
UNH	B	0.79%	0.0%	0.0%
UNM	A	0.04%	0.0%	0.0%
UNP	F	0.54%	0.0%	0.0%
UPS	D	0.25%	0.0%	0.0%
URI	C	0.09%	0.0%	0.0%
USB	C	0.1%	0.0%	0.0%
V	B	0.28%	0.0%	0.0%
VFC	A	0.02%	0.0%	0.0%
VLO	F	0.16%	0.0%	0.0%
VNO	B	0.07%	0.0%	0.0%
VNT	F	0.01%	0.0%	0.0%
VRSK	D	0.17%	0.0%	0.0%
VRSN	C	0.04%	0.0%	0.0%
VTR	C	0.04%	0.0%	0.0%
VZ	C	1.11%	0.0%	0.0%
WAB	A	0.05%	0.0%	0.0%
WBA	F	0.11%	0.0%	0.0%
WBS	D	0.01%	0.0%	0.0%
WELL	C	0.11%	0.0%	0.0%
WFC	B	0.73%	0.0%	0.0%
WHR	C	0.03%	0.0%	0.0%
WM	B	0.26%	0.0%	0.0%
WMB	A	0.08%	0.0%	0.0%
WMT	A	1.68%	0.0%	0.0%
WPC	C	0.03%	0.0%	0.0%
WRB	C	0.02%	0.0%	0.0%
WU	D	0.07%	0.0%	0.0%
XOM	A	0.42%	0.0%	0.0%
XRAY	D	0.03%	0.0%	0.0%
XYL	C	0.12%	0.0%	0.0%
ZION	D	0.01%	0.0%	0.0%
ZTS	C	0.06%	0.0%	0.0%

MFUS Overweight 444 Positions Relative to SCHZ

Symbol	Grade	Weight
META	A	2.37%
BRK.A	B	2.37%
NFLX	A	0.46%
THC	D	0.29%
ANF	D	0.24%
UBER	C	0.23%
ISRG	C	0.23%
ACN	B	0.23%
PANW	B	0.22%
VRTX	D	0.22%
VST	A	0.21%
FICO	C	0.21%
WSM	C	0.21%
WSO	C	0.2%
SFM	A	0.2%
ELV	F	0.2%
CMG	C	0.2%
UTHR	C	0.18%
TDG	A	0.17%
RMD	C	0.17%
DVA	C	0.17%
KHC	F	0.16%
DECK	B	0.15%
HWM	A	0.15%
F	D	0.15%
CASY	D	0.15%
MUSA	D	0.15%
BAH	C	0.15%
KKR	A	0.14%
SMCI	F	0.14%
ANET	A	0.14%
IT	A	0.14%
PLTR	A	0.14%
EXR	D	0.13%
CEG	A	0.13%
DPZ	D	0.13%
VTRS	D	0.13%
YUM	C	0.12%
IRM	B	0.12%
BX	C	0.11%
EVR	C	0.11%
FAST	C	0.11%
MPWR	B	0.1%
AOS	C	0.1%
CW	A	0.1%
MTD	C	0.1%
WTW	C	0.1%
CRS	B	0.1%
JKHY	A	0.1%
GDDY	B	0.1%
AEO	C	0.09%
GPI	C	0.09%
DKS	D	0.09%
TRGP	A	0.09%
ALSN	A	0.09%
LSTR	F	0.09%
EHC	C	0.09%
HLT	A	0.09%
TMHC	C	0.09%
JXN	A	0.09%
EXPD	D	0.09%
DASH	A	0.09%
CACI	A	0.09%
BWXT	A	0.09%
LPX	C	0.08%
ATR	A	0.08%
TYL	D	0.08%
CPRT	B	0.08%
BALL	C	0.08%
RCL	B	0.08%
GEHC	C	0.08%
TROW	D	0.08%
WDC	C	0.08%
ARES	A	0.08%
ITT	C	0.08%
GPK	D	0.08%
IR	A	0.08%
NSIT	B	0.07%
BKR	B	0.07%
TTC	F	0.07%
UFPI	C	0.07%
MTH	C	0.07%
ROL	C	0.07%
HCC	C	0.07%
BCC	C	0.07%
MLI	B	0.07%
ALNY	C	0.07%
MNST	D	0.07%
WCC	D	0.07%
THO	C	0.07%
NRG	A	0.07%
POOL	D	0.07%
CALM	A	0.07%
SEIC	B	0.07%
HLI	A	0.07%
ABG	D	0.07%
CNC	F	0.06%
TXRH	A	0.06%
SEE	C	0.06%
CNX	A	0.06%
FFIV	B	0.06%
COIN	F	0.06%
JLL	C	0.06%
ERIE	A	0.06%
TPH	C	0.06%
IDXX	D	0.06%
PK	D	0.06%
CRI	D	0.06%
MMS	C	0.06%
MSCI	B	0.06%
FCN	C	0.06%
TTWO	D	0.06%
CCK	C	0.06%
CHE	D	0.06%
SCI	D	0.06%
MSM	D	0.06%
TOL	C	0.06%
MHO	C	0.05%
NDSN	C	0.05%
CBRE	C	0.05%
URBN	F	0.05%
IBKR	A	0.05%
VLTO	A	0.05%
HBI	B	0.05%
GNRC	B	0.05%
SLGN	B	0.05%
USFD	C	0.05%
COOP	B	0.05%
SQ	D	0.05%
ATI	C	0.05%
SEB	F	0.05%
GNTX	D	0.05%
VIRT	B	0.05%
ANSS	D	0.05%
WAT	B	0.05%
LPLA	D	0.05%
LUMN	C	0.05%
TEX	F	0.05%
WEN	B	0.05%
MTN	D	0.05%
ATGE	D	0.05%
NXST	D	0.05%
BTU	B	0.05%
KTB	C	0.05%
FCNCA	D	0.05%
OGN	F	0.05%
APP	A	0.05%
LECO	D	0.05%
GAP	F	0.05%
SKYW	B	0.05%
LAMR	C	0.05%
TW	A	0.05%
POST	C	0.05%
FIX	A	0.05%
CMC	D	0.05%
SLM	B	0.05%
LANC	F	0.04%
KBH	D	0.04%
TDS	C	0.04%
NYT	C	0.04%
AVTR	D	0.04%
DBRG	D	0.04%
PAYX	B	0.04%
BLD	D	0.04%
MANH	A	0.04%
TER	C	0.04%
CVLT	B	0.04%
TRN	C	0.04%
CDW	D	0.04%
BDC	A	0.04%
WTM	C	0.04%
JHG	A	0.04%
EXEL	B	0.04%
JWN	D	0.04%
NWSA	D	0.04%
ASO	D	0.04%
CLH	B	0.04%
FDS	C	0.04%
COLD	D	0.04%
SLVM	C	0.04%
NBIX	F	0.04%
PSTG	F	0.04%
PTC	B	0.04%
EME	B	0.04%
ELS	D	0.04%
HUBG	D	0.04%
MAC	B	0.04%
CPNG	C	0.04%
UHAL	C	0.04%
GATX	F	0.04%
AROC	B	0.04%
TGNA	B	0.04%
FTI	B	0.04%
ULTA	D	0.04%
HEI	C	0.04%
CRBG	B	0.04%
SMG	C	0.04%
ABM	D	0.04%
AGNC	B	0.04%
KD	D	0.04%
LOPE	D	0.04%
OLN	D	0.04%
RGLD	C	0.04%
FL	F	0.04%
SRCL	B	0.04%
BLDR	C	0.04%
DCI	B	0.04%
AR	C	0.04%
GVA	A	0.04%
CRUS	D	0.04%
WST	D	0.04%
SIG	C	0.04%
MOG.A	C	0.04%
BKE	B	0.03%
APAM	B	0.03%
MTG	A	0.03%
FHI	A	0.03%
PLXS	A	0.03%
THS	D	0.03%
DRH	B	0.03%
STC	D	0.03%
LW	D	0.03%
MSA	F	0.03%
LZB	D	0.03%
HXL	F	0.03%
RYN	C	0.03%
UNF	A	0.03%
ADNT	F	0.03%
XPO	F	0.03%
AKAM	D	0.03%
DK	F	0.03%
SBAC	C	0.03%
CPAY	A	0.03%
VC	F	0.03%
DDS	D	0.03%
MASI	B	0.03%
RLI	A	0.03%
OI	D	0.03%
GMS	B	0.03%
COHR	B	0.03%
APLE	B	0.03%
MATX	C	0.03%
BURL	C	0.03%
HOOD	B	0.03%
X	F	0.03%
PRG	C	0.03%
GNW	A	0.03%
BFAM	C	0.03%
MC	B	0.03%
WH	C	0.03%
GGG	C	0.03%
SM	D	0.03%
AWI	A	0.03%
MAN	D	0.03%
TFX	C	0.03%
GBX	C	0.03%
MORN	B	0.03%
MDU	C	0.03%
HOLX	D	0.03%
ACM	A	0.03%
BJ	B	0.03%
HSIC	D	0.03%
AMKR	F	0.03%
TPX	C	0.03%
SHOO	A	0.03%
RUSHA	D	0.03%
GEO	D	0.03%
PRIM	A	0.03%
SEM	D	0.03%
SANM	D	0.03%
TDC	D	0.02%
GES	F	0.02%
BHE	C	0.02%
PHIN	D	0.02%
DAN	D	0.02%
CWEN	C	0.02%
AXTA	C	0.02%
LAD	C	0.02%
FR	D	0.02%
ALGN	D	0.02%
DNOW	F	0.02%
WAL	C	0.02%
TTEK	A	0.02%
SSNC	C	0.02%
APG	F	0.02%
ODFL	F	0.02%
CROX	C	0.02%
NWL	D	0.02%
VSCO	C	0.02%
SATS	C	0.02%
ODP	F	0.02%
EWBC	B	0.02%
HNI	B	0.02%
SNDR	D	0.02%
APOG	B	0.02%
VSH	F	0.02%
CCL	C	0.02%
DORM	C	0.02%
ANDE	D	0.02%
RHI	D	0.02%
OSIS	C	0.02%
ZBRA	B	0.02%
SAM	D	0.02%
M	D	0.02%
NAVI	D	0.02%
LNW	F	0.02%
GWRE	A	0.02%
VVV	D	0.02%
YELP	D	0.02%
PMT	B	0.02%
CC	D	0.02%
EPC	F	0.02%
BRKR	D	0.02%
NSP	F	0.02%
AGCO	D	0.02%
VSTO	B	0.02%
NTCT	C	0.02%
RLJ	D	0.02%
GHC	A	0.02%
SXT	C	0.02%
MKTX	B	0.02%
DLB	D	0.02%
KBR	A	0.02%
XHR	A	0.02%
CXW	F	0.02%
PBF	F	0.02%
AIR	C	0.02%
SKX	B	0.02%
HAE	F	0.02%
SBH	B	0.02%
GMED	B	0.02%
CTLT	A	0.02%
PSN	A	0.02%
GEF	B	0.02%
PFSI	C	0.02%
WMS	D	0.02%
PINC	F	0.02%
RRC	D	0.02%
PAG	D	0.02%
ACA	C	0.02%
LBRDK	C	0.02%
ORA	C	0.02%
OMF	D	0.02%
PDCO	F	0.02%
WERN	D	0.02%
PNM	B	0.02%
CG	B	0.02%
KNX	D	0.01%
SCL	D	0.01%
UHAL	C	0.01%
DINO	F	0.01%
PARA	F	0.01%
MLKN	F	0.01%
ARCH	D	0.01%
KALU	D	0.01%
ACI	F	0.01%
ECPG	F	0.01%
ELAN	D	0.01%
QRVO	F	0.01%
GIII	C	0.01%
SSB	C	0.01%
UVV	D	0.01%
MKSI	F	0.01%
ARI	F	0.01%
HTH	F	0.01%
IGT	F	0.01%
WGO	D	0.01%
PB	D	0.01%
ARMK	C	0.01%
ESI	C	0.01%
CFR	B	0.01%
CNXN	C	0.01%
ALEX	D	0.01%
RDN	D	0.01%
FDP	C	0.01%
OUT	C	0.01%
IMKTA	F	0.01%
CNS	C	0.01%
WOR	F	0.01%
SVC	D	0.01%
IDCC	A	0.01%
SR	D	0.01%
PPC	C	0.01%
RKT	D	0.01%
UGI	C	0.01%
CLF	D	0.01%
SPR	D	0.01%
WAFD	D	0.01%
SHO	B	0.01%
CENTA	F	0.01%
PECO	C	0.01%
INCY	B	0.01%
AMED	D	0.01%
JBGS	C	0.01%
FLR	B	0.01%
ESAB	C	0.01%
WMK	D	0.01%
SPB	C	0.01%
JELD	D	0.01%
CBSH	D	0.01%
WTFC	B	0.01%
CADE	B	0.01%
CNM	F	0.01%
ONB	D	0.01%
BRC	C	0.01%
XRX	D	0.01%
DTM	A	0.01%
FELE	C	0.01%
STRA	F	0.01%
SAIC	A	0.01%
CSGS	B	0.01%
TTMI	D	0.01%
KN	B	0.01%
BBWI	F	0.01%
DY	C	0.01%
CPRI	C	0.01%
CR	A	0.01%
CVI	D	0.01%
OMI	F	0.01%
LADR	D	0.01%
NNI	B	0.01%
WWD	C	0.01%
AMWD	C	0.01%
GME	D	0.01%
GOLF	F	0.01%
RBC	C	0.01%
DEI	A	0.01%
SAH	D	0.01%
IOSP	F	0.01%
TNET	D	0.01%
REZI	D	0.01%
PTEN	F	0.01%
ICUI	B	0.01%
MUR	F	0.01%
HE	F	0.01%
GT	F	0.01%
AA	B	0.01%
FYBR	C	0.01%
PSMT	A	0.01%
ESNT	A	0.01%
LAUR	C	0.01%
BMRN	F	0.01%
NOMD	D	0.0%
WOLF	F	0.0%

MFUS Underweight 174 Positions Relative to SCHZ

Symbol	Grade	Weight
WIT	C	-0.08%
MCHP	F	-0.01%
STLA	F	-0.01%
EDC	A	-0.01%
CTS	B	-0.01%
MDT	C	-0.01%
DT	B	-0.01%
COO	C	-0.0%
VLY	C	-0.0%
OCSL	D	-0.0%
GPC	D	-0.0%
SAN	C	-0.0%
SAVE	F	-0.0%
GXO	D	-0.0%
SAFE	C	-0.0%
EPRT	C	-0.0%
SKT	A	-0.0%
ALB	D	-0.0%
CDNS	D	-0.0%
TEL	D	-0.0%
PRE	D	-0.0%
VMI	B	-0.0%
TME	B	-0.0%
DAL	C	-0.0%
PSEC	C	-0.0%
GBDC	B	-0.0%
CHH	A	-0.0%
BDN	B	-0.0%
JD	A	-0.0%
LAZ	C	-0.0%
EPR	C	-0.0%
ROST	D	-0.0%
SBRA	C	-0.0%
KMT	C	-0.0%
REXR	D	-0.0%
HR	D	-0.0%
IDA	D	-0.0%
ILMN	B	-0.0%
BCSF	A	-0.0%
PDM	C	-0.0%
GSBD	D	-0.0%
WTRG	D	-0.0%
AGO	B	-0.0%
EG	A	-0.0%
NHI	C	-0.0%
TRMB	B	-0.0%
SITC	D	-0.0%
OPI	F	-0.0%
CTRA	D	-0.0%
MAIN	A	-0.0%
NYCB	D	-0.0%
ORI	A	-0.0%
WEC	B	-0.0%
ESGR	C	-0.0%
OGE	C	-0.0%
HPP	F	-0.0%
EW	F	-0.0%
WB	B	-0.0%
FMC	C	-0.0%
FRT	D	-0.0%
PCAR	D	-0.0%
NWE	C	-0.0%
OGS	C	-0.0%
ADI	B	-0.0%
SWKS	F	-0.0%
NVT	C	-0.0%
SNA	C	-0.0%
GL	C	-0.0%
ROK	D	-0.0%
AGR	C	-0.0%
HAS	A	-0.0%
AWH	F	-0.0%
RNR	A	-0.0%
AXS	A	-0.0%
VMC	D	-0.0%
HIW	C	-0.0%
DSS	F	-0.0%
AMCR	C	-0.0%
MKL	B	-0.0%
APD	C	-0.0%
REG	C	-0.0%
GP	D	-0.0%
EE	B	-0.0%
PLD	D	-0.0%
SWK	C	-0.0%
FLS	A	-0.0%
AFG	A	-0.0%
ALLE	A	-0.0%
CNH	C	-0.0%
DOC	C	-0.0%
KRG	C	-0.0%
EL	D	-0.0%
WLK	C	-0.0%
CBOE	B	-0.0%
KRC	C	-0.0%
RJF	B	-0.0%
CNA	D	-0.0%
MRVL	C	-0.0%
LIN	C	-0.0%
ARE	D	-0.0%
FSK	A	-0.0%
FTV	C	-0.0%
VOYA	A	-0.0%
TXT	F	-0.0%
INTU	F	-0.0%
SNX	C	-0.0%
CNP	B	-0.0%
BKH	C	-0.0%
AAL	D	-0.0%
TDY	A	-0.0%
CF	A	-0.0%
EOG	B	-0.0%
ACGL	A	-0.0%
APTV	D	-0.0%
XEL	C	-0.0%
BIDU	C	-0.0%
DE	C	-0.0%
LUV	B	-0.0%
TT	A	-0.0%
HES	D	-0.0%
CAF	A	-0.0%
NXPI	F	-0.0%
CP	C	-0.0%
BRX	C	-0.0%
LVS	B	-0.0%
STT	A	-0.0%
GPN	F	-0.0%
DVN	F	-0.0%
WY	C	-0.0%
ARCC	A	-0.0%
ZBH	F	-0.0%
HUM	F	-0.0%
AWK	D	-0.0%
BG	F	-0.0%
COE	D	-0.0%
PAA	B	-0.0%
KOF	D	-0.0%
EQIX	C	-0.0%
KEYS	B	-0.0%
HON	C	-0.0%
BMO	B	-0.0%
BNS	C	-0.0%
EPD	A	-0.0%
AL	D	-0.0%
HAL	D	-0.0%
FDX	F	-0.0%
CM	C	-0.0%
DB	A	-0.0%
MPLX	B	-0.0%
MP	C	-0.0%
RY	C	-0.0%
CRM	B	-0.0%
ETN	B	-0.0%
AEE	A	-0.0%
EXPE	B	-0.0%
LH	D	-0.0%
SYK	C	-0.0%
GOOGL	B	-0.0%
AER	C	-0.0%
BABA	A	-0.0%
DIS	D	-0.0%
EQNR	D	-0.0%
MUFG	D	-0.0%
NWG	B	-0.0%
BHP	B	-0.0%
PCG	C	-0.0%
TD	B	-0.0%
VOD	D	-0.0%
HSBC	A	-0.0%
GSK	F	-0.0%
ABT	C	-0.0%
AZN	D	-0.0%
MSFT	D	-0.0%
BA	F	-0.0%