MFUS vs. SNPV ETF Comparison

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

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

SNPV

Xtrackers S&P ESG Value ETF

SNPV Description

The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index. The underlying 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 Value Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.46

Average Daily Volume

1,017

Number of Holdings ^*

273

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SNPV
30 Days	2.73%	3.24%
60 Days	3.41%	4.42%
90 Days	5.38%	6.52%
12 Months	32.49%	26.54%

215 Overlapping Holdings

	Symbol	Grade	Weight in MFUS	Weight in SNPV	Overlap
	A	D	0.05%	0.27%	0.05%
	ABBV	D	1.36%	1.31%	1.31%
	ACN	C	0.25%	0.72%	0.25%
	ADM	D	0.22%	0.17%	0.17%
	ADP	B	0.11%	0.52%	0.11%
	ADSK	A	0.09%	0.22%	0.09%
	AFL	B	0.21%	0.39%	0.21%
	AIG	B	0.34%	0.34%	0.34%
	AIZ	A	0.09%	0.08%	0.08%
	AJG	B	0.16%	0.22%	0.16%
	AKAM	D	0.02%	0.05%	0.02%
	ALL	A	0.26%	0.36%	0.26%
	AMGN	D	0.94%	1.11%	0.94%
	AMP	A	0.18%	0.18%	0.18%
	AMT	D	0.13%	0.37%	0.13%
	AON	A	0.24%	0.27%	0.24%
	AVB	B	0.03%	0.23%	0.03%
	AXP	A	0.23%	0.34%	0.23%
	BAC	A	0.45%	2.16%	0.45%
	BALL	D	0.07%	0.13%	0.07%
	BAX	D	0.04%	0.12%	0.04%
	BBY	D	0.21%	0.13%	0.13%
	BDX	F	0.11%	0.45%	0.11%
	BEN	C	0.02%	0.04%	0.02%
	BIIB	F	0.07%	0.17%	0.07%
	BK	A	0.18%	0.4%	0.18%
	BKR	B	0.08%	0.3%	0.08%
	BLK	C	0.19%	1.02%	0.19%
	BMY	B	0.41%	0.83%	0.41%
	BR	A	0.17%	0.08%	0.08%
	BSX	B	0.2%	0.4%	0.2%
	BWA	D	0.01%	0.05%	0.01%
	BX	A	0.13%	0.26%	0.13%
	BXP	D	0.02%	0.08%	0.02%
	C	A	0.69%	0.91%	0.69%
	CAG	D	0.04%	0.09%	0.04%
	CAH	B	0.27%	0.21%	0.21%
	CARR	D	0.05%	0.23%	0.05%
	CAT	B	0.2%	0.56%	0.2%
	CB	C	0.16%	0.75%	0.16%
	CBRE	B	0.05%	0.28%	0.05%
	CCL	B	0.02%	0.05%	0.02%
	CFG	B	0.04%	0.15%	0.04%
	CHRW	C	0.14%	0.09%	0.09%
	CI	F	0.13%	0.64%	0.13%
	CL	D	0.35%	0.32%	0.32%
	CMCSA	B	0.16%	1.17%	0.16%
	CME	A	0.14%	0.36%	0.14%
	CMI	A	0.14%	0.35%	0.14%
	CNC	D	0.04%	0.22%	0.04%
	COF	B	0.29%	0.49%	0.29%
	COR	B	0.17%	0.29%	0.17%
	CPB	D	0.04%	0.06%	0.04%
	CSCO	B	0.68%	1.63%	0.68%
	CSX	B	0.11%	0.24%	0.11%
	CTAS	B	0.19%	0.24%	0.19%
	CTLT	B	0.02%	0.07%	0.02%
	CTVA	C	0.04%	0.28%	0.04%
	CVS	D	0.65%	0.49%	0.49%
	CVX	A	0.39%	1.91%	0.39%
	DFS	B	0.1%	0.14%	0.1%
	DGX	A	0.09%	0.13%	0.09%
	DHR	F	0.24%	1.06%	0.24%
	DLR	B	0.09%	0.23%	0.09%
	DOV	A	0.04%	0.19%	0.04%
	DOW	F	0.02%	0.22%	0.02%
	DVA	B	0.16%	0.03%	0.03%
	EBAY	D	0.36%	0.22%	0.22%
	ECL	D	0.08%	0.22%	0.08%
	ED	D	0.05%	0.23%	0.05%
	EIX	B	0.05%	0.22%	0.05%
	ELV	F	0.16%	0.65%	0.16%
	EMR	A	0.09%	0.51%	0.09%
	EQR	B	0.04%	0.17%	0.04%
	ES	D	0.03%	0.15%	0.03%
	ETR	B	0.05%	0.22%	0.05%
	EXC	C	0.07%	0.27%	0.07%
	EXR	D	0.11%	0.24%	0.11%
	FDS	B	0.04%	0.07%	0.04%
	FI	A	0.19%	0.41%	0.19%
	FIS	C	0.07%	0.33%	0.07%
	FITB	A	0.04%	0.23%	0.04%
	GE	D	0.56%	0.77%	0.56%
	GILD	C	0.87%	0.8%	0.8%
	GIS	D	0.17%	0.25%	0.17%
	GM	B	0.4%	0.45%	0.4%
	GS	A	0.41%	1.3%	0.41%
	GWW	B	0.21%	0.09%	0.09%
	HBAN	A	0.03%	0.18%	0.03%
	HD	A	0.62%	1.76%	0.62%
	HIG	B	0.06%	0.24%	0.06%
	HPE	B	0.11%	0.2%	0.11%
	HPQ	B	0.28%	0.25%	0.25%
	HRL	D	0.02%	0.06%	0.02%
	HST	C	0.02%	0.03%	0.02%
	HSY	F	0.05%	0.11%	0.05%
	HUBB	B	0.03%	0.09%	0.03%
	ICE	C	0.29%	0.62%	0.29%
	IEX	B	0.09%	0.13%	0.09%
	IFF	D	0.03%	0.16%	0.03%
	INCY	C	0.01%	0.1%	0.01%
	INTC	D	0.2%	0.74%	0.2%
	IPG	D	0.04%	0.08%	0.04%
	IR	B	0.09%	0.06%	0.06%
	IRM	D	0.12%	0.12%	0.12%
	ITW	B	0.1%	0.28%	0.1%
	IVZ	B	0.03%	0.06%	0.03%
	JBHT	C	0.02%	0.1%	0.02%
	JCI	C	0.07%	0.41%	0.07%
	JKHY	D	0.1%	0.08%	0.08%
	JPM	A	0.99%	4.8%	0.99%
	K	A	0.15%	0.16%	0.15%
	KDP	D	0.07%	0.26%	0.07%
	KEY	B	0.03%	0.12%	0.03%
	KHC	F	0.15%	0.19%	0.15%
	KIM	A	0.02%	0.12%	0.02%
	KMI	A	0.11%	0.36%	0.11%
	KO	D	1.0%	1.03%	1.0%
	KR	B	0.38%	0.27%	0.27%
	LOW	D	0.35%	1.08%	0.35%
	LW	C	0.03%	0.03%	0.03%
	LYB	F	0.15%	0.15%	0.15%
	MA	C	0.28%	0.84%	0.28%
	MAS	D	0.06%	0.05%	0.05%
	MCD	D	0.53%	0.84%	0.53%
	MCO	B	0.15%	0.28%	0.15%
	MDLZ	F	0.23%	0.36%	0.23%
	MET	A	0.32%	0.34%	0.32%
	MHK	D	0.01%	0.05%	0.01%
	MKC	D	0.05%	0.14%	0.05%
	MKTX	D	0.02%	0.07%	0.02%
	MPC	D	0.34%	0.16%	0.16%
	MRK	F	0.84%	1.04%	0.84%
	MS	A	0.22%	1.15%	0.22%
	MSCI	C	0.07%	0.14%	0.07%
	MSI	B	0.2%	0.25%	0.2%
	MTB	A	0.04%	0.25%	0.04%
	MTD	D	0.08%	0.12%	0.08%
	MU	D	0.16%	0.77%	0.16%
	NDAQ	A	0.05%	0.23%	0.05%
	NEE	D	0.22%	1.08%	0.22%
	NEM	D	0.16%	0.33%	0.16%
	NKE	D	0.06%	0.36%	0.06%
	NSC	B	0.07%	0.42%	0.07%
	NTAP	C	0.1%	0.1%	0.1%
	NTRS	A	0.03%	0.15%	0.03%
	NWSA	B	0.04%	0.07%	0.04%
	OKE	A	0.1%	0.17%	0.1%
	OMC	C	0.06%	0.14%	0.06%
	OTIS	C	0.07%	0.17%	0.07%
	PARA	C	0.01%	0.05%	0.01%
	PAYX	C	0.04%	0.2%	0.04%
	PEG	A	0.06%	0.3%	0.06%
	PEP	F	0.74%	1.01%	0.74%
	PFG	D	0.01%	0.13%	0.01%
	PG	A	1.01%	1.67%	1.01%
	PH	A	0.14%	0.13%	0.13%
	PNC	B	0.12%	0.57%	0.12%
	PNR	A	0.02%	0.04%	0.02%
	PPG	F	0.04%	0.2%	0.04%
	PRU	A	0.23%	0.32%	0.23%
	PSA	D	0.09%	0.2%	0.09%
	PSX	C	0.23%	0.38%	0.23%
	PWR	A	0.12%	0.1%	0.1%
	PYPL	B	0.12%	0.61%	0.12%
	QCOM	F	0.77%	0.61%	0.61%
	REGN	F	0.36%	0.23%	0.23%
	RF	A	0.02%	0.16%	0.02%
	RL	B	0.03%	0.03%	0.03%
	RSG	A	0.13%	0.13%	0.13%
	RVTY	F	0.01%	0.1%	0.01%
	SBAC	D	0.03%	0.09%	0.03%
	SBUX	A	0.09%	0.32%	0.09%
	SCHW	B	0.05%	0.84%	0.05%
	SHW	A	0.22%	0.31%	0.22%
	SJM	D	0.04%	0.08%	0.04%
	SLB	C	0.01%	0.43%	0.01%
	SPGI	C	0.29%	0.64%	0.29%
	SRE	A	0.08%	0.4%	0.08%
	SYF	B	0.31%	0.18%	0.18%
	SYY	B	0.12%	0.26%	0.12%
	T	A	0.73%	1.11%	0.73%
	TAP	C	0.09%	0.08%	0.08%
	TFC	A	0.09%	0.43%	0.09%
	TGT	F	0.74%	0.49%	0.49%
	TMO	F	0.28%	0.87%	0.28%
	TMUS	B	0.43%	0.81%	0.43%
	TPR	B	0.01%	0.09%	0.01%
	TROW	B	0.09%	0.18%	0.09%
	TRV	B	0.2%	0.4%	0.2%
	TSCO	D	0.11%	0.12%	0.11%
	TSN	B	0.18%	0.12%	0.12%
	TTWO	A	0.07%	0.11%	0.07%
	UDR	B	0.03%	0.09%	0.03%
	ULTA	F	0.04%	0.04%	0.04%
	UNH	C	0.79%	2.36%	0.79%
	UNP	C	0.51%	0.55%	0.51%
	UPS	C	0.24%	0.68%	0.24%
	USB	A	0.11%	0.54%	0.11%
	V	A	0.31%	1.22%	0.31%
	VLO	C	0.16%	0.32%	0.16%
	VRSK	A	0.16%	0.13%	0.13%
	VTR	C	0.04%	0.19%	0.04%
	WAB	B	0.05%	0.24%	0.05%
	WAT	B	0.05%	0.09%	0.05%
	WBA	F	0.12%	0.04%	0.04%
	WDC	D	0.08%	0.15%	0.08%
	WELL	A	0.12%	0.54%	0.12%
	WM	A	0.28%	0.3%	0.28%
	WMB	A	0.1%	0.29%	0.1%
	WMT	A	1.71%	2.56%	1.71%
	WTW	B	0.11%	0.23%	0.11%
	XYL	D	0.1%	0.21%	0.1%
	YUM	B	0.13%	0.14%	0.13%
	ZTS	D	0.05%	0.24%	0.05%

MFUS Overweight 600 Positions Relative to SNPV

	Symbol	Grade	Weight
	BRK.A	B	2.42%
	LLY	F	2.39%
	META	D	2.35%
	NVDA	C	1.9%
	AMZN	C	1.71%
	AVGO	D	1.59%
	ORCL	B	1.52%
	COST	B	1.35%
	JNJ	D	1.18%
	IBM	C	1.05%
	VZ	C	1.0%
	WFC	A	0.97%
	AAPL	C	0.96%
	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%
	AMAT	F	0.55%
	NFLX	A	0.52%
	XOM	B	0.43%
	BKNG	A	0.42%
	TJX	A	0.37%
	NOW	A	0.36%
	NOC	D	0.35%
	CHTR	C	0.3%
	ISRG	A	0.29%
	TXN	C	0.29%
	THC	D	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%
	KLAC	D	0.23%
	PLTR	B	0.23%
	VST	B	0.23%
	RTX	C	0.22%
	VRTX	F	0.22%
	UBER	D	0.21%
	LII	A	0.21%
	MMC	B	0.2%
	GLW	B	0.2%
	ORLY	B	0.2%
	CMG	B	0.2%
	UTHR	C	0.19%
	WSM	B	0.18%
	EA	A	0.18%
	DECK	A	0.17%
	HWM	A	0.17%
	LRCX	F	0.17%
	WSO	A	0.17%
	RMD	C	0.16%
	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%
	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%
	TRGP	B	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%
	PHM	D	0.1%
	COIN	C	0.1%
	HLT	A	0.1%
	AYI	B	0.1%
	PKG	A	0.1%
	JXN	C	0.1%
	DD	D	0.1%
	RCL	A	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%
	URI	B	0.09%
	AVY	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%
	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%
	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%
	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%
	FANG	D	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%
	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%
	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%
	ADBE	C	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%
	MAR	B	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%
	HOLX	D	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%
	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%
	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%
	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%
	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%
	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%
	MOS	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 58 Positions Relative to SNPV

	Symbol	Grade	Weight
	ABT	B	-1.39%
	DIS	B	-1.38%
	MDT	D	-0.77%
	PLD	D	-0.74%
	LIN	D	-0.72%
	APD	A	-0.48%
	ETN	A	-0.39%
	EQIX	A	-0.32%
	SYK	C	-0.32%
	ADI	D	-0.31%
	DE	A	-0.31%
	SPYV	A	-0.26%
	OXY	D	-0.24%
	HUM	C	-0.23%
	FCX	D	-0.22%
	STT	A	-0.2%
	RJF	A	-0.2%
	GPN	B	-0.2%
	KEYS	A	-0.19%
	HAL	C	-0.19%
	TT	A	-0.19%
	SW	A	-0.18%
	EW	C	-0.18%
	AME	A	-0.17%
	DVN	F	-0.17%
	EQT	B	-0.17%
	AWK	D	-0.17%
	IQV	D	-0.16%
	WY	D	-0.16%
	FSLR	F	-0.15%
	ROK	B	-0.12%
	VOOV	A	-0.12%
	DAL	C	-0.12%
	ON	D	-0.11%
	EL	F	-0.11%
	PCAR	B	-0.11%
	ARE	D	-0.11%
	NXPI	D	-0.1%
	MRNA	F	-0.1%
	SWK	D	-0.1%
	AMCR	D	-0.1%
	DOC	D	-0.1%
	APTV	D	-0.1%
	STX	D	-0.09%
	REG	B	-0.08%
	ALB	C	-0.08%
	GL	B	-0.07%
	CRL	C	-0.07%
	HAS	D	-0.06%
	FRT	B	-0.06%
	FMC	D	-0.05%
	CBOE	B	-0.05%
	ALLE	D	-0.05%
	DAY	B	-0.04%
	LVS	C	-0.04%
	NWS	B	-0.03%
	CZR	F	-0.03%
	MGM	D	-0.02%

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

SNPV: Top Represented Industries & Keywords

Industries: Diversified Industrials Business Services Asset Management Banks - Regional - US Capital Markets Diagnostics & Research Packaged Foods Credit Services Specialty Chemicals Drug Manufacturers - Major Health Care Plans Insurance - Life Medical Devices Semiconductors Financial Data & Stock Exchanges Railroads Specialty Industrial Machinery Specialty Retail Telecom Services Utilities - Diversified

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