MFUS vs. SNPE ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Xtrackers S&P 500 ESG ETF (SNPE)

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

SNPE

Xtrackers S&P 500 ESG ETF

SNPE Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P 500 ESG Index. The index is a broad-based, market capitalization weighted index that provides exposure to companies with high environmental, social and governance (ESG) performance relative to their sector peers, while maintaining similar overall industry group weights as the S&P 500 Index. The fund uses a full replication indexing strategy to seek to track the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$54.52

Average Daily Volume

188,237

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SNPE
30 Days	2.73%	2.83%
60 Days	3.41%	4.89%
90 Days	5.38%	5.67%
12 Months	32.49%	31.97%

241 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in SNPE	Overlap
	A	D	0.05%	0.11%	0.05%
	AAPL	C	0.96%	9.75%	0.96%
	ABBV	D	1.36%	0.83%	0.83%
	ACN	C	0.25%	0.63%	0.25%
	ADBE	C	0.04%	0.62%	0.04%
	ADM	D	0.22%	0.07%	0.07%
	ADP	B	0.11%	0.34%	0.11%
	ADSK	A	0.09%	0.19%	0.09%
	AFL	B	0.21%	0.15%	0.15%
	AIG	B	0.34%	0.14%	0.14%
	AIZ	A	0.09%	0.03%	0.03%
	AJG	B	0.16%	0.18%	0.16%
	AKAM	D	0.02%	0.04%	0.02%
	ALL	A	0.26%	0.15%	0.15%
	AMAT	F	0.55%	0.4%	0.4%
	AMGN	D	0.94%	0.43%	0.43%
	AMP	A	0.18%	0.15%	0.15%
	AMT	D	0.13%	0.26%	0.13%
	AON	A	0.24%	0.23%	0.23%
	AVB	B	0.03%	0.09%	0.03%
	AVY	D	0.09%	0.04%	0.04%
	AXP	A	0.23%	0.46%	0.23%
	BAC	A	0.45%	0.87%	0.45%
	BALL	D	0.07%	0.06%	0.06%
	BAX	D	0.04%	0.05%	0.04%
	BBY	D	0.21%	0.05%	0.05%
	BDX	F	0.11%	0.18%	0.11%
	BEN	C	0.02%	0.02%	0.02%
	BIIB	F	0.07%	0.06%	0.06%
	BK	A	0.18%	0.16%	0.16%
	BKR	B	0.08%	0.12%	0.08%
	BLK	C	0.19%	0.4%	0.19%
	BMY	B	0.41%	0.33%	0.33%
	BR	A	0.17%	0.07%	0.07%
	BSX	B	0.2%	0.37%	0.2%
	BWA	D	0.01%	0.02%	0.01%
	BXP	D	0.02%	0.03%	0.02%
	C	A	0.69%	0.37%	0.37%
	CAG	D	0.04%	0.03%	0.03%
	CAH	B	0.27%	0.08%	0.08%
	CARR	D	0.05%	0.17%	0.05%
	CAT	B	0.2%	0.52%	0.2%
	CB	C	0.16%	0.3%	0.16%
	CBRE	B	0.05%	0.11%	0.05%
	CCL	B	0.02%	0.07%	0.02%
	CFG	B	0.04%	0.06%	0.04%
	CHRW	C	0.14%	0.04%	0.04%
	CI	F	0.13%	0.25%	0.13%
	CL	D	0.35%	0.21%	0.21%
	CMCSA	B	0.16%	0.47%	0.16%
	CME	A	0.14%	0.23%	0.14%
	CMG	B	0.2%	0.22%	0.2%
	CMI	A	0.14%	0.14%	0.14%
	CNC	D	0.04%	0.09%	0.04%
	COF	B	0.29%	0.19%	0.19%
	COR	B	0.17%	0.12%	0.12%
	COST	B	1.35%	1.15%	1.15%
	CPAY	A	0.03%	0.07%	0.03%
	CPB	D	0.04%	0.02%	0.02%
	CSCO	B	0.68%	0.65%	0.65%
	CSX	B	0.11%	0.19%	0.11%
	CTAS	B	0.19%	0.21%	0.19%
	CTVA	C	0.04%	0.11%	0.04%
	CVS	D	0.65%	0.2%	0.2%
	CVX	A	0.39%	0.77%	0.39%
	DECK	A	0.17%	0.08%	0.08%
	DFS	B	0.1%	0.12%	0.1%
	DGX	A	0.09%	0.05%	0.05%
	DHI	D	0.06%	0.13%	0.06%
	DHR	F	0.24%	0.42%	0.24%
	DLR	B	0.09%	0.16%	0.09%
	DOV	A	0.04%	0.08%	0.04%
	DOW	F	0.02%	0.09%	0.02%
	DVA	B	0.16%	0.02%	0.02%
	EA	A	0.18%	0.11%	0.11%
	EBAY	D	0.36%	0.08%	0.08%
	ECL	D	0.08%	0.17%	0.08%
	ED	D	0.05%	0.09%	0.05%
	EIX	B	0.05%	0.09%	0.05%
	ELV	F	0.16%	0.26%	0.16%
	EMR	A	0.09%	0.21%	0.09%
	EQR	B	0.04%	0.07%	0.04%
	ES	D	0.03%	0.06%	0.03%
	ETR	B	0.05%	0.09%	0.05%
	EXC	C	0.07%	0.11%	0.07%
	EXR	D	0.11%	0.1%	0.1%
	FANG	D	0.05%	0.09%	0.05%
	FDS	B	0.04%	0.05%	0.04%
	FI	A	0.19%	0.35%	0.19%
	FIS	C	0.07%	0.13%	0.07%
	FITB	A	0.04%	0.09%	0.04%
	GE	D	0.56%	0.54%	0.54%
	GILD	C	0.87%	0.31%	0.31%
	GIS	D	0.17%	0.1%	0.1%
	GM	B	0.4%	0.17%	0.17%
	GS	A	0.41%	0.52%	0.41%
	GWW	B	0.21%	0.14%	0.14%
	HBAN	A	0.03%	0.07%	0.03%
	HD	A	0.62%	1.11%	0.62%
	HIG	B	0.06%	0.1%	0.06%
	HLT	A	0.1%	0.17%	0.1%
	HOLX	D	0.03%	0.05%	0.03%
	HPE	B	0.11%	0.08%	0.08%
	HPQ	B	0.28%	0.1%	0.1%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.03%	0.02%
	HSY	F	0.05%	0.07%	0.05%
	HUBB	B	0.03%	0.07%	0.03%
	ICE	C	0.29%	0.25%	0.25%
	IDXX	F	0.05%	0.1%	0.05%
	IEX	B	0.09%	0.05%	0.05%
	IFF	D	0.03%	0.06%	0.03%
	INCY	C	0.01%	0.03%	0.01%
	INTC	D	0.2%	0.29%	0.2%
	IPG	D	0.04%	0.03%	0.03%
	IR	B	0.09%	0.12%	0.09%
	IRM	D	0.12%	0.1%	0.1%
	ITW	B	0.1%	0.2%	0.1%
	IVZ	B	0.03%	0.02%	0.02%
	JBHT	C	0.02%	0.04%	0.02%
	JCI	C	0.07%	0.16%	0.07%
	JKHY	D	0.1%	0.03%	0.03%
	JPM	A	0.99%	1.92%	0.99%
	K	A	0.15%	0.06%	0.06%
	KDP	D	0.07%	0.1%	0.07%
	KEY	B	0.03%	0.05%	0.03%
	KHC	F	0.15%	0.08%	0.08%
	KIM	A	0.02%	0.05%	0.02%
	KLAC	D	0.23%	0.23%	0.23%
	KMI	A	0.11%	0.15%	0.11%
	KO	D	1.0%	0.68%	0.68%
	KR	B	0.38%	0.11%	0.11%
	LLY	F	2.39%	1.67%	1.67%
	LOW	D	0.35%	0.42%	0.35%
	LRCX	F	0.17%	0.26%	0.17%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.15%	0.06%	0.06%
	MA	C	0.28%	1.19%	0.28%
	MAR	B	0.04%	0.18%	0.04%
	MAS	D	0.06%	0.05%	0.05%
	MCD	D	0.53%	0.59%	0.53%
	MCO	B	0.15%	0.21%	0.15%
	MDLZ	F	0.23%	0.24%	0.23%
	MET	A	0.32%	0.14%	0.14%
	MHK	D	0.01%	0.02%	0.01%
	MKC	D	0.05%	0.06%	0.05%
	MKTX	D	0.02%	0.03%	0.02%
	MMC	B	0.2%	0.3%	0.2%
	MOS	F	0.01%	0.02%	0.01%
	MPC	D	0.34%	0.15%	0.15%
	MRK	F	0.84%	0.69%	0.69%
	MS	A	0.22%	0.46%	0.22%
	MSCI	C	0.07%	0.13%	0.07%
	MTB	A	0.04%	0.1%	0.04%
	MTD	D	0.08%	0.07%	0.07%
	MU	D	0.16%	0.3%	0.16%
	NDAQ	A	0.05%	0.09%	0.05%
	NEE	D	0.22%	0.44%	0.22%
	NEM	D	0.16%	0.14%	0.14%
	NKE	D	0.06%	0.25%	0.06%
	NSC	B	0.07%	0.17%	0.07%
	NTRS	A	0.03%	0.06%	0.03%
	NVDA	C	1.9%	10.05%	1.9%
	NWSA	B	0.04%	0.03%	0.03%
	OKE	A	0.1%	0.19%	0.1%
	OMC	C	0.06%	0.05%	0.05%
	OTIS	C	0.07%	0.11%	0.07%
	PARA	C	0.01%	0.02%	0.01%
	PAYX	C	0.04%	0.13%	0.04%
	PEG	A	0.06%	0.13%	0.06%
	PEP	F	0.74%	0.61%	0.61%
	PFG	D	0.01%	0.05%	0.01%
	PG	A	1.01%	1.13%	1.01%
	PH	A	0.14%	0.25%	0.14%
	PHM	D	0.1%	0.07%	0.07%
	PNC	B	0.12%	0.23%	0.12%
	PNR	A	0.02%	0.05%	0.02%
	POOL	C	0.07%	0.04%	0.04%
	PPG	F	0.04%	0.08%	0.04%
	PRU	A	0.23%	0.12%	0.12%
	PSA	D	0.09%	0.15%	0.09%
	PSX	C	0.23%	0.15%	0.15%
	PWR	A	0.12%	0.14%	0.12%
	PYPL	B	0.12%	0.24%	0.12%
	QCOM	F	0.77%	0.48%	0.48%
	RCL	A	0.1%	0.16%	0.1%
	REGN	F	0.36%	0.22%	0.22%
	RF	A	0.02%	0.07%	0.02%
	RL	B	0.03%	0.02%	0.02%
	RMD	C	0.16%	0.1%	0.1%
	RSG	A	0.13%	0.12%	0.12%
	RVTY	F	0.01%	0.04%	0.01%
	SBAC	D	0.03%	0.07%	0.03%
	SBUX	A	0.09%	0.31%	0.09%
	SCHW	B	0.05%	0.34%	0.05%
	SHW	A	0.22%	0.24%	0.22%
	SJM	D	0.04%	0.03%	0.03%
	SLB	C	0.01%	0.17%	0.01%
	SPGI	C	0.29%	0.45%	0.29%
	SRE	A	0.08%	0.17%	0.08%
	SYF	B	0.31%	0.07%	0.07%
	SYY	B	0.12%	0.1%	0.1%
	T	A	0.73%	0.46%	0.46%
	TAP	C	0.09%	0.03%	0.03%
	TFC	A	0.09%	0.17%	0.09%
	TFX	F	0.02%	0.02%	0.02%
	TGT	F	0.74%	0.16%	0.16%
	TJX	A	0.37%	0.38%	0.37%
	TMUS	B	0.43%	0.32%	0.32%
	TPR	B	0.01%	0.03%	0.01%
	TRGP	B	0.11%	0.13%	0.11%
	TROW	B	0.09%	0.07%	0.07%
	TRV	B	0.2%	0.16%	0.16%
	TSCO	D	0.11%	0.08%	0.08%
	TSN	B	0.18%	0.05%	0.05%
	TTWO	A	0.07%	0.08%	0.07%
	UBER	D	0.21%	0.41%	0.21%
	UDR	B	0.03%	0.04%	0.03%
	ULTA	F	0.04%	0.05%	0.04%
	UNH	C	0.79%	1.55%	0.79%
	UNP	C	0.51%	0.4%	0.4%
	UPS	C	0.24%	0.27%	0.24%
	URI	B	0.09%	0.15%	0.09%
	USB	A	0.11%	0.22%	0.11%
	V	A	0.31%	1.44%	0.31%
	VLO	C	0.16%	0.13%	0.13%
	VRSK	A	0.16%	0.11%	0.11%
	VTR	C	0.04%	0.07%	0.04%
	WAB	B	0.05%	0.1%	0.05%
	WAT	B	0.05%	0.06%	0.05%
	WBA	F	0.12%	0.02%	0.02%
	WDC	D	0.08%	0.06%	0.06%
	WELL	A	0.12%	0.22%	0.12%
	WM	A	0.28%	0.22%	0.22%
	WMB	A	0.1%	0.2%	0.1%
	WMT	A	1.71%	1.06%	1.06%
	WTW	B	0.11%	0.09%	0.09%
	XOM	B	0.43%	1.5%	0.43%
	XYL	D	0.1%	0.09%	0.09%
	YUM	B	0.13%	0.11%	0.11%
	ZTS	D	0.05%	0.22%	0.05%

MFUS Overweight 574 Positions Relative to SNPE

	Symbol	Grade	Weight
	BRK.A	B	2.42%
	META	D	2.35%
	AMZN	C	1.71%
	AVGO	D	1.59%
	ORCL	B	1.52%
	JNJ	D	1.18%
	IBM	C	1.05%
	VZ	C	1.0%
	WFC	A	0.97%
	PM	B	0.87%
	LMT	D	0.75%
	MO	A	0.73%
	MCK	B	0.63%
	MMM	D	0.6%
	PGR	A	0.59%
	PFE	D	0.57%
	NFLX	A	0.52%
	BKNG	A	0.42%
	NOW	A	0.36%
	NOC	D	0.35%
	CHTR	C	0.3%
	ISRG	A	0.29%
	TXN	C	0.29%
	THC	D	0.28%
	TMO	F	0.28%
	AZO	C	0.28%
	LHX	C	0.26%
	FICO	B	0.25%
	PANW	C	0.25%
	HCA	F	0.25%
	SFM	A	0.25%
	ANF	C	0.25%
	GD	F	0.24%
	PLTR	B	0.23%
	VST	B	0.23%
	RTX	C	0.22%
	VRTX	F	0.22%
	LII	A	0.21%
	MSI	B	0.2%
	GLW	B	0.2%
	ORLY	B	0.2%
	UTHR	C	0.19%
	WSM	B	0.18%
	HWM	A	0.17%
	WSO	A	0.17%
	F	C	0.16%
	MUSA	A	0.16%
	KMB	D	0.16%
	SPG	B	0.16%
	CASY	A	0.16%
	TDG	D	0.15%
	BAH	F	0.15%
	IT	C	0.15%
	KKR	A	0.15%
	ANET	C	0.14%
	VTRS	A	0.14%
	BX	A	0.13%
	SO	D	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%
	BRO	B	0.12%
	GDDY	A	0.12%
	APH	A	0.12%
	CLX	B	0.12%
	CW	B	0.11%
	GEN	B	0.11%
	CEG	D	0.11%
	EXPD	D	0.11%
	CRS	A	0.11%
	DASH	A	0.11%
	ALSN	B	0.11%
	EFX	F	0.11%
	BWXT	B	0.11%
	APP	B	0.11%
	LDOS	C	0.11%
	FOXA	B	0.11%
	COIN	C	0.1%
	NTAP	C	0.1%
	AYI	B	0.1%
	PKG	A	0.1%
	JXN	C	0.1%
	DD	D	0.1%
	SEIC	B	0.09%
	CPRT	A	0.09%
	MLI	C	0.09%
	DG	F	0.09%
	ARES	A	0.09%
	WCC	B	0.09%
	CALM	A	0.09%
	LSTR	D	0.09%
	IP	B	0.09%
	EHC	B	0.09%
	CACI	D	0.09%
	TMHC	B	0.09%
	NVR	D	0.09%
	GPI	A	0.09%
	HRB	D	0.08%
	AEP	D	0.08%
	LPX	B	0.08%
	DKS	C	0.08%
	AOS	F	0.08%
	SLG	B	0.08%
	NUE	C	0.08%
	GPK	C	0.08%
	ABG	B	0.08%
	ATR	B	0.08%
	TYL	B	0.08%
	HLI	B	0.08%
	ITT	A	0.08%
	EQH	B	0.08%
	ROL	B	0.07%
	GLPI	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%
	COP	C	0.07%
	BCC	B	0.07%
	INGR	B	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%
	AEO	F	0.07%
	STE	F	0.07%
	MNST	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%
	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%
	WU	D	0.06%
	SQ	B	0.06%
	L	A	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%
	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%
	WST	C	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%
	ANSS	B	0.05%
	HBI	B	0.05%
	ALLY	C	0.05%
	WEN	D	0.05%
	FCN	D	0.05%
	MMS	F	0.05%
	SMCI	F	0.05%
	BTU	B	0.05%
	O	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%
	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%
	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%
	ELS	C	0.04%
	FL	F	0.04%
	EMN	D	0.04%
	OLN	D	0.04%
	ARW	D	0.04%
	CPNG	D	0.04%
	RUSHA	C	0.04%
	TRN	C	0.04%
	SANM	B	0.04%
	BLDR	D	0.04%
	RGLD	C	0.04%
	CVLT	B	0.04%
	NBIX	C	0.04%
	VRSN	F	0.04%
	CUBE	D	0.04%
	WTM	A	0.04%
	PTC	A	0.04%
	OGN	D	0.04%
	BHF	B	0.04%
	ATI	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%
	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%
	AROC	B	0.04%
	ABM	B	0.04%
	NDSN	B	0.04%
	ERIE	D	0.04%
	DCI	B	0.04%
	WERN	C	0.04%
	COKE	C	0.03%
	RRC	B	0.03%
	HXL	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%
	WPC	D	0.03%
	HAE	C	0.03%
	UNF	B	0.03%
	PINC	B	0.03%
	APAM	B	0.03%
	FNF	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%
	DRI	B	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%
	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%
	ASO	F	0.03%
	SHOO	D	0.03%
	JBL	B	0.03%
	AVA	A	0.03%
	DBRG	F	0.03%
	CMS	C	0.03%
	HSIC	B	0.03%
	COHR	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%
	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%
	EVRG	A	0.02%
	LAUR	A	0.02%
	UAL	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%
	ATO	A	0.02%
	WAL	B	0.02%
	CSL	C	0.02%
	AXTA	A	0.02%
	ANDE	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%
	ODFL	B	0.02%
	DNOW	B	0.02%
	DTE	C	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%
	EPC	D	0.02%
	M	D	0.02%
	MAA	B	0.02%
	LNT	A	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%
	NI	A	0.02%
	XHR	B	0.02%
	PDCO	D	0.02%
	PBF	D	0.02%
	CINF	A	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%
	RYN	D	0.02%
	ADNT	F	0.02%
	ORA	B	0.02%
	MTG	C	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%
	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%
	FLR	B	0.01%
	KN	B	0.01%
	STRA	C	0.01%
	BBWI	D	0.01%
	ESNT	D	0.01%
	DXC	B	0.01%
	IDCC	A	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%
	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%
	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 72 Positions Relative to SNPE

	Symbol	Grade	Weight
	MSFT	F	-8.65%
	GOOGL	C	-2.89%
	TSLA	B	-2.66%
	GOOG	C	-2.39%
	CRM	B	-0.88%
	AMD	F	-0.62%
	LIN	D	-0.61%
	DIS	B	-0.58%
	ABT	B	-0.57%
	ETN	A	-0.4%
	SYK	C	-0.37%
	PLD	D	-0.3%
	MDT	D	-0.3%
	DE	A	-0.29%
	TT	A	-0.26%
	EQIX	A	-0.24%
	APD	A	-0.2%
	FCX	D	-0.18%
	PCAR	B	-0.16%
	ROST	C	-0.13%
	AME	A	-0.13%
	DAL	C	-0.12%
	EW	C	-0.12%
	AXON	A	-0.12%
	HES	B	-0.11%
	OXY	D	-0.1%
	HUM	C	-0.1%
	LULU	C	-0.1%
	ACGL	D	-0.1%
	CSGP	D	-0.09%
	ROK	B	-0.09%
	HAL	C	-0.08%
	SW	A	-0.08%
	EQT	B	-0.08%
	AWK	D	-0.08%
	ON	D	-0.08%
	STT	A	-0.08%
	GPN	B	-0.08%
	RJF	A	-0.08%
	DVN	F	-0.07%
	FTV	C	-0.07%
	CBOE	B	-0.06%
	ZBH	C	-0.06%
	WY	D	-0.06%
	EXPE	B	-0.06%
	CF	B	-0.05%
	EG	C	-0.05%
	GPC	D	-0.05%
	LVS	C	-0.05%
	MRNA	F	-0.04%
	ALB	C	-0.04%
	SWK	D	-0.04%
	APTV	D	-0.04%
	DOC	D	-0.04%
	AMCR	D	-0.04%
	EL	F	-0.04%
	ARE	D	-0.04%
	CRL	C	-0.03%
	GL	B	-0.03%
	LKQ	D	-0.03%
	NCLH	B	-0.03%
	DAY	B	-0.03%
	ALLE	D	-0.03%
	REG	B	-0.03%
	KMX	B	-0.03%
	FMC	D	-0.02%
	CZR	F	-0.02%
	HAS	D	-0.02%
	WYNN	D	-0.02%
	MGM	D	-0.02%
	FRT	B	-0.02%
	NWS	B	-0.01%

MFUS: Top Represented Industries & Keywords

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

Keywords: S&P 500 Nasdaq 100 Natural Gas Insurance Chemical Real Estate Investment Trust Aerospace Banking Bank Computing Mining Electricity Electronics Telecommunications Dow Jones Component Transport Beverage Clothing Retail Store Retailing

SNPE: Top Represented Industries & Keywords

Industries: Business Services Diversified Industrials Banks - Regional - US Capital Markets Packaged Foods Asset Management Diagnostics & Research Credit Services Drug Manufacturers - Major Specialty Chemicals Health Care Plans Leisure Medical Devices Software - Application Insurance - Life Medical Instruments & Supplies Oil & Gas E&P Semiconductors Specialty Retail Agricultural Inputs

Keywords: S&P 500 Nasdaq 100 Insurance Dow Jones Component Natural Gas Bank Banking Medicine Real Estate Investment Trust Chemical Investment Bank Computing Insurance Products Mining Petroleum Industry Disability Beverage Cash Management Electronics Financial Products