MFUS vs. SPDG ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

$51.53

Average Daily Volume

5,422

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.30

Average Daily Volume

1,474

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	SPDG
30 Days	1.40%	0.27%
60 Days	3.06%	2.56%
90 Days	4.64%	5.12%
12 Months	31.57%	29.64%

196 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in SPDG	Overlap
ABBV	F	1.36%	1.27%	1.27%
ABM	B	0.04%	0.01%	0.01%
ACN	B	0.25%	2.57%	0.25%
ADC	A	0.01%	0.09%	0.01%
ADP	A	0.11%	0.5%	0.11%
AEP	C	0.08%	0.27%	0.08%
ALLY	C	0.05%	0.11%	0.05%
AMGN	F	0.94%	0.64%	0.64%
AOS	F	0.08%	0.04%	0.04%
AVA	A	0.03%	0.01%	0.01%
AVGO	D	1.59%	9.3%	1.59%
AVT	C	0.04%	0.06%	0.04%
AVY	F	0.09%	0.15%	0.09%
BAX	F	0.04%	0.07%	0.04%
BBY	D	0.21%	0.19%	0.19%
BDX	F	0.11%	0.27%	0.11%
BEN	C	0.02%	0.07%	0.02%
BK	A	0.18%	0.58%	0.18%
BKU	A	0.03%	0.03%	0.03%
BMY	B	0.41%	0.47%	0.41%
BR	A	0.17%	0.11%	0.11%
BRC	D	0.01%	0.01%	0.01%
BXP	C	0.02%	0.12%	0.02%
C	A	0.69%	1.39%	0.69%
CADE	B	0.01%	0.07%	0.01%
CAG	F	0.04%	0.07%	0.04%
CAH	B	0.27%	0.12%	0.12%
CAT	B	0.2%	0.81%	0.2%
CBT	D	0.05%	0.05%	0.05%
CC	C	0.02%	0.03%	0.02%
CCI	C	0.07%	0.54%	0.07%
CDP	C	0.03%	0.04%	0.03%
CE	F	0.02%	0.07%	0.02%
CFG	B	0.04%	0.22%	0.04%
CFR	B	0.01%	0.08%	0.01%
CHRW	B	0.14%	0.06%	0.06%
CI	D	0.13%	0.41%	0.13%
CINF	A	0.02%	0.25%	0.02%
CLX	A	0.12%	0.11%	0.11%
CMA	B	0.04%	0.09%	0.04%
CMI	A	0.14%	0.21%	0.14%
CPB	D	0.04%	0.04%	0.04%
CSCO	B	0.68%	2.63%	0.68%
CUBE	C	0.04%	0.13%	0.04%
CVS	D	0.65%	0.33%	0.33%
CVX	A	0.39%	0.94%	0.39%
DCI	B	0.04%	0.04%	0.04%
DGX	A	0.09%	0.07%	0.07%
DKS	D	0.08%	0.12%	0.08%
DLB	B	0.02%	0.05%	0.02%
DOV	A	0.04%	0.12%	0.04%
DTM	A	0.01%	0.03%	0.01%
DUK	C	0.13%	0.43%	0.13%
EIX	B	0.05%	0.17%	0.05%
EMN	C	0.04%	0.11%	0.04%
EMR	B	0.09%	0.32%	0.09%
EQR	C	0.04%	0.28%	0.04%
ES	C	0.03%	0.11%	0.03%
ETR	B	0.05%	0.15%	0.05%
EVRG	A	0.02%	0.07%	0.02%
EXC	C	0.07%	0.2%	0.07%
FAF	A	0.02%	0.07%	0.02%
FAST	B	0.13%	0.19%	0.13%
FE	C	0.03%	0.11%	0.03%
FHI	B	0.03%	0.03%	0.03%
FHN	A	0.01%	0.11%	0.01%
FITB	B	0.04%	0.33%	0.04%
FLO	D	0.04%	0.02%	0.02%
FNF	B	0.03%	0.17%	0.03%
GATX	A	0.04%	0.02%	0.02%
GD	D	0.24%	0.32%	0.24%
GILD	C	0.87%	0.43%	0.43%
GIS	D	0.17%	0.19%	0.17%
GLW	B	0.2%	0.41%	0.2%
GPK	C	0.08%	0.07%	0.07%
GS	A	0.41%	1.87%	0.41%
HBAN	A	0.03%	0.26%	0.03%
HD	B	0.62%	4.14%	0.62%
HII	F	0.02%	0.04%	0.02%
HPE	B	0.11%	0.35%	0.11%
HPQ	B	0.28%	0.43%	0.28%
HRB	D	0.08%	0.09%	0.08%
HRL	D	0.02%	0.04%	0.02%
HUBB	B	0.03%	0.1%	0.03%
IBM	C	1.05%	2.33%	1.05%
IDCC	B	0.01%	0.05%	0.01%
INGR	C	0.07%	0.04%	0.04%
IPG	D	0.04%	0.43%	0.04%
ITW	B	0.1%	0.33%	0.1%
JEF	A	0.03%	0.12%	0.03%
JHG	B	0.04%	0.06%	0.04%
JNJ	C	1.18%	1.53%	1.18%
JNPR	D	0.13%	0.14%	0.13%
K	A	0.15%	0.11%	0.11%
KEY	B	0.03%	0.19%	0.03%
KMB	C	0.16%	0.24%	0.16%
KMI	A	0.11%	0.17%	0.11%
KO	D	1.0%	1.26%	1.0%
LDOS	C	0.11%	0.09%	0.09%
LECO	C	0.06%	0.05%	0.05%
LHX	C	0.26%	0.19%	0.19%
LMT	D	0.75%	0.51%	0.51%
LNC	C	0.03%	0.06%	0.03%
LOW	C	0.35%	1.56%	0.35%
LYB	F	0.15%	0.2%	0.15%
MAA	B	0.02%	0.21%	0.02%
MAN	F	0.03%	0.01%	0.01%
MAS	D	0.06%	0.07%	0.06%
MCD	D	0.53%	2.13%	0.53%
MET	A	0.32%	0.51%	0.32%
MMS	F	0.05%	0.02%	0.02%
MO	A	0.73%	0.48%	0.48%
MRK	D	0.84%	1.09%	0.84%
MS	A	0.22%	1.55%	0.22%
MSM	C	0.06%	0.02%	0.02%
MTB	A	0.04%	0.35%	0.04%
NAVI	F	0.02%	0.01%	0.01%
NEU	D	0.02%	0.03%	0.02%
NFG	A	0.05%	0.03%	0.03%
NNN	C	0.01%	0.09%	0.01%
NOC	D	0.35%	0.29%	0.29%
NSC	B	0.07%	0.25%	0.07%
NSP	F	0.02%	0.01%	0.01%
NTAP	C	0.1%	0.3%	0.1%
NTRS	A	0.03%	0.21%	0.03%
NXST	C	0.05%	0.19%	0.05%
O	C	0.05%	0.55%	0.05%
OC	A	0.02%	0.07%	0.02%
OGN	F	0.04%	0.02%	0.02%
OHI	C	0.02%	0.11%	0.02%
OKE	A	0.1%	0.22%	0.1%
ONB	C	0.01%	0.07%	0.01%
ORCL	A	1.52%	3.47%	1.52%
OSK	C	0.04%	0.03%	0.03%
PAYX	B	0.04%	0.18%	0.04%
PB	B	0.01%	0.08%	0.01%
PDCO	F	0.02%	0.01%	0.01%
PEP	F	0.74%	1.06%	0.74%
PFE	F	0.57%	0.59%	0.57%
PFG	D	0.01%	0.19%	0.01%
PH	A	0.14%	0.39%	0.14%
PKG	A	0.1%	0.17%	0.1%
PM	B	0.87%	0.92%	0.87%
PNC	B	0.12%	0.86%	0.12%
PNW	A	0.01%	0.05%	0.01%
PPG	F	0.04%	0.26%	0.04%
PRU	A	0.23%	0.47%	0.23%
PSX	C	0.23%	0.2%	0.2%
QCOM	F	0.77%	2.22%	0.77%
R	B	0.07%	0.03%	0.03%
RDN	D	0.01%	0.06%	0.01%
RF	A	0.02%	0.25%	0.02%
RHI	C	0.02%	0.03%	0.02%
RPM	A	0.13%	0.14%	0.13%
RSG	A	0.13%	0.18%	0.13%
SBUX	A	0.09%	1.15%	0.09%
SEE	C	0.06%	0.04%	0.04%
SJM	D	0.04%	0.06%	0.04%
SLGN	A	0.05%	0.04%	0.04%
SMG	C	0.04%	0.03%	0.03%
SNV	C	0.02%	0.08%	0.02%
SO	C	0.13%	0.47%	0.13%
SON	F	0.04%	0.04%	0.04%
SR	A	0.01%	0.02%	0.01%
SWX	B	0.01%	0.02%	0.01%
SXT	C	0.02%	0.03%	0.02%
SYY	D	0.12%	0.19%	0.12%
TFC	A	0.09%	0.66%	0.09%
TGT	F	0.74%	0.37%	0.37%
TKR	D	0.04%	0.02%	0.02%
TRN	B	0.04%	0.01%	0.01%
TROW	B	0.09%	0.27%	0.09%
TSCO	D	0.11%	0.31%	0.11%
TSN	B	0.18%	0.09%	0.09%
TTC	C	0.06%	0.04%	0.04%
TXN	C	0.29%	2.27%	0.29%
UDR	B	0.03%	0.15%	0.03%
UGI	C	0.01%	0.03%	0.01%
UNH	B	0.79%	2.35%	0.79%
UNM	A	0.04%	0.12%	0.04%
UNP	C	0.51%	0.66%	0.51%
UPS	C	0.24%	0.42%	0.24%
USB	A	0.11%	0.79%	0.11%
VLO	C	0.16%	0.17%	0.16%
VSH	F	0.02%	0.02%	0.02%
VZ	C	1.0%	7.54%	1.0%
WAFD	B	0.01%	0.03%	0.01%
WBS	A	0.02%	0.1%	0.02%
WERN	C	0.04%	0.01%	0.01%
WHR	B	0.03%	0.07%	0.03%
WM	B	0.28%	0.34%	0.28%
WSO	A	0.17%	0.09%	0.09%
WU	F	0.06%	0.04%	0.04%
XOM	B	0.43%	1.84%	0.43%
XRAY	F	0.02%	0.02%	0.02%
ZION	B	0.02%	0.08%	0.02%

MFUS Overweight 619 Positions Relative to SPDG

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	D	2.35%
NVDA	B	1.9%
WMT	A	1.71%
AMZN	C	1.71%
COST	A	1.35%
PG	C	1.01%
JPM	A	0.99%
WFC	A	0.97%
AAPL	C	0.96%
T	A	0.73%
MCK	A	0.63%
MMM	D	0.6%
PGR	A	0.59%
GE	D	0.56%
AMAT	F	0.55%
NFLX	A	0.52%
BAC	A	0.45%
TMUS	B	0.43%
BKNG	A	0.42%
GM	C	0.4%
KR	B	0.38%
TJX	A	0.37%
NOW	A	0.36%
EBAY	D	0.36%
REGN	F	0.36%
CL	D	0.35%
MPC	D	0.34%
AIG	B	0.34%
V	A	0.31%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
ICE	C	0.29%
COF	C	0.29%
SPGI	C	0.29%
THC	D	0.28%
MA	B	0.28%
TMO	F	0.28%
AZO	C	0.28%
ALL	A	0.26%
FICO	B	0.25%
PANW	B	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	F	0.25%
DHR	F	0.24%
AON	A	0.24%
KLAC	F	0.23%
AXP	A	0.23%
MDLZ	F	0.23%
PLTR	B	0.23%
VST	A	0.23%
RTX	D	0.22%
SHW	B	0.22%
NEE	C	0.22%
ADM	D	0.22%
VRTX	D	0.22%
UBER	F	0.21%
LII	A	0.21%
AFL	B	0.21%
GWW	B	0.21%
MSI	B	0.2%
MMC	B	0.2%
INTC	C	0.2%
TRV	B	0.2%
BSX	A	0.2%
ORLY	B	0.2%
CMG	B	0.2%
FI	A	0.19%
BLK	B	0.19%
UTHR	C	0.19%
CTAS	B	0.19%
AMP	A	0.18%
WSM	C	0.18%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
COR	B	0.17%
LRCX	F	0.17%
ELV	F	0.16%
NEM	D	0.16%
MU	D	0.16%
AJG	A	0.16%
RMD	C	0.16%
F	C	0.16%
DVA	C	0.16%
CB	C	0.16%
MUSA	B	0.16%
SPG	A	0.16%
CMCSA	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%
KKR	A	0.15%
CME	B	0.14%
ANET	C	0.14%
VTRS	A	0.14%
BX	A	0.13%
DPZ	C	0.13%
EVR	B	0.13%
AMT	C	0.13%
YUM	D	0.13%
IRM	C	0.12%
WELL	A	0.12%
WBA	F	0.12%
BRO	B	0.12%
GDDY	A	0.12%
PWR	A	0.12%
PYPL	B	0.12%
APH	A	0.12%
CW	C	0.11%
GEN	B	0.11%
CEG	C	0.11%
TRGP	A	0.11%
EXPD	C	0.11%
CRS	B	0.11%
WTW	B	0.11%
DASH	B	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	C	0.11%
BWXT	B	0.11%
CSX	C	0.11%
APP	B	0.11%
FOXA	A	0.11%
PHM	D	0.1%
COIN	C	0.1%
HLT	A	0.1%
AYI	B	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	C	0.1%
JKHY	D	0.1%
RCL	A	0.1%
DFS	B	0.1%
XYL	D	0.1%
SEIC	B	0.09%
AIZ	A	0.09%
CPRT	B	0.09%
TAP	C	0.09%
MLI	B	0.09%
IEX	C	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%
IP	A	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	C	0.09%
NVR	D	0.09%
URI	C	0.09%
GPI	B	0.09%
PSA	C	0.09%
BKR	A	0.08%
LPX	B	0.08%
WDC	D	0.08%
SLG	B	0.08%
ECL	D	0.08%
SRE	A	0.08%
NUE	C	0.08%
ABG	C	0.08%
ATR	B	0.08%
TYL	B	0.08%
MTD	F	0.08%
HLI	A	0.08%
ITT	A	0.08%
EQH	C	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	C	0.07%
JCI	B	0.07%
EXP	B	0.07%
CHD	A	0.07%
COP	C	0.07%
BCC	B	0.07%
POOL	C	0.07%
D	C	0.07%
MLM	C	0.07%
SKYW	C	0.07%
GEHC	D	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	C	0.07%
THO	B	0.07%
NRG	B	0.07%
FTNT	C	0.07%
BALL	F	0.07%
KDP	F	0.07%
AEO	F	0.07%
STE	D	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	A	0.06%
BC	C	0.06%
TW	A	0.06%
GAP	C	0.06%
ATGE	B	0.06%
TPH	D	0.06%
BFH	C	0.06%
JLL	D	0.06%
NKE	F	0.06%
HIG	B	0.06%
GNRC	C	0.06%
CPT	B	0.06%
BERY	C	0.06%
KTB	B	0.06%
CHE	D	0.06%
MPWR	F	0.06%
CCK	D	0.06%
SLM	A	0.06%
UHS	D	0.06%
CMC	B	0.06%
FCNCA	A	0.06%
PEG	A	0.06%
MTH	D	0.06%
FIX	A	0.06%
IBKR	A	0.06%
LUMN	C	0.06%
SQ	A	0.06%
L	A	0.06%
PK	C	0.06%
TXRH	B	0.06%
DHI	F	0.06%
FFIV	B	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
OMC	C	0.06%
ROP	B	0.06%
TOL	B	0.06%
ALNY	D	0.06%
LEN	D	0.06%
TDS	B	0.05%
CNO	B	0.05%
PRIM	A	0.05%
FANG	C	0.05%
FLEX	B	0.05%
THG	A	0.05%
AR	B	0.05%
NSIT	F	0.05%
LOPE	C	0.05%
URBN	C	0.05%
MOG.A	B	0.05%
SUI	C	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	C	0.05%
CRI	F	0.05%
USFD	A	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
ZTS	D	0.05%
TEX	F	0.05%
LAMR	C	0.05%
KD	B	0.05%
IDXX	F	0.05%
GVA	A	0.05%
ANSS	B	0.05%
HBI	B	0.05%
WEN	D	0.05%
FCN	F	0.05%
WAB	B	0.05%
HSY	F	0.05%
WAT	C	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	C	0.05%
MKC	C	0.05%
XPO	B	0.04%
LANC	C	0.04%
PPL	A	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	C	0.04%
CRUS	D	0.04%
CXW	C	0.04%
ESS	B	0.04%
INVH	D	0.04%
JWN	D	0.04%
CTVA	C	0.04%
PSTG	D	0.04%
AGNC	C	0.04%
BDC	C	0.04%
SLVM	B	0.04%
CLH	C	0.04%
ADBE	C	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
ULTA	F	0.04%
OLN	F	0.04%
ARW	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
SANM	B	0.04%
VTR	B	0.04%
BLDR	D	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
VRSN	C	0.04%
NWSA	A	0.04%
WTM	A	0.04%
PTC	B	0.04%
BHF	C	0.04%
ATI	C	0.04%
STLD	B	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
VLTO	C	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
CRBG	B	0.04%
EME	A	0.04%
HOOD	B	0.04%
RS	B	0.04%
AROC	A	0.04%
NDSN	B	0.04%
ERIE	D	0.04%
MAR	A	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	F	0.03%
SBAC	D	0.03%
DLTR	F	0.03%
GMED	A	0.03%
DRH	B	0.03%
PNM	B	0.03%
ACA	A	0.03%
KMPR	A	0.03%
LZB	B	0.03%
WPC	C	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	F	0.03%
DK	C	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
DRI	B	0.03%
BKE	B	0.03%
MRO	B	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	B	0.03%
X	B	0.03%
TER	F	0.03%
DELL	B	0.03%
PLXS	B	0.03%
CDW	F	0.03%
CG	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	0.03%
ASO	F	0.03%
SHOO	F	0.03%
JBL	C	0.03%
AVB	B	0.03%
DBRG	F	0.03%
CMS	C	0.03%
LW	C	0.03%
HSIC	C	0.03%
HOLX	D	0.03%
COHR	B	0.03%
RL	C	0.03%
GMS	B	0.03%
RLI	A	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%
CPAY	A	0.03%
MC	C	0.03%
MATX	C	0.03%
MASI	B	0.03%
TPX	B	0.03%
NYT	D	0.03%
BJ	A	0.03%
ACM	B	0.03%
MORN	B	0.03%
MANH	D	0.03%
ODP	F	0.02%
IOSP	C	0.02%
LXP	D	0.02%
SAH	C	0.02%
KEX	B	0.02%
LEG	F	0.02%
TTMI	C	0.02%
SSNC	B	0.02%
LAUR	A	0.02%
UAL	A	0.02%
KIM	A	0.02%
AA	A	0.02%
SF	B	0.02%
BHE	C	0.02%
BRKR	D	0.02%
GT	C	0.02%
GME	C	0.02%
PHIN	A	0.02%
ATO	A	0.02%
WAL	B	0.02%
CSL	C	0.02%
AXTA	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
DOW	F	0.02%
HP	C	0.02%
VFC	C	0.02%
ODFL	C	0.02%
HST	C	0.02%
DNOW	B	0.02%
DTE	C	0.02%
LAD	A	0.02%
REZI	A	0.02%
PMT	C	0.02%
HNI	B	0.02%
WKC	C	0.02%
SNDR	B	0.02%
OSIS	A	0.02%
WMS	F	0.02%
LNW	F	0.02%
PNR	A	0.02%
EPC	F	0.02%
M	F	0.02%
LNT	A	0.02%
AGCO	D	0.02%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	C	0.02%
VVV	D	0.02%
THS	D	0.02%
SKX	D	0.02%
NWL	C	0.02%
MDU	D	0.02%
RLJ	C	0.02%
YELP	C	0.02%
DORM	B	0.02%
APOG	C	0.02%
GWRE	A	0.02%
SAM	C	0.02%
CTLT	C	0.02%
PSN	D	0.02%
NI	A	0.02%
XHR	B	0.02%
PBF	D	0.02%
MKTX	D	0.02%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	C	0.02%
MCY	A	0.02%
AIR	B	0.02%
HOG	D	0.02%
SBH	C	0.02%
PAG	B	0.02%
BFAM	D	0.02%
VSTO	A	0.02%
KSS	F	0.02%
PVH	C	0.02%
CCL	A	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	F	0.02%
WRB	A	0.02%
GHC	B	0.02%
STC	B	0.02%
SVC	F	0.01%
QRVO	F	0.01%
AAP	D	0.01%
CPRI	F	0.01%
NOV	C	0.01%
KNX	C	0.01%
RKT	F	0.01%
UHAL	D	0.01%
JELD	F	0.01%
DINO	D	0.01%
SCL	C	0.01%
MLKN	F	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%
ECPG	C	0.01%
ALEX	B	0.01%
UVV	B	0.01%
JBGS	F	0.01%
HTH	C	0.01%
SEB	F	0.01%
MKSI	C	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
ARMK	B	0.01%
OUT	A	0.01%
SHO	D	0.01%
WGO	C	0.01%
AMED	F	0.01%
CNS	B	0.01%
SSB	B	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	F	0.01%
MOS	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
SIGI	C	0.01%
LEA	F	0.01%
CROX	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
AES	F	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	C	0.01%
ESNT	F	0.01%
TPR	B	0.01%
DXC	B	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	C	0.01%
CWEN	C	0.01%
CBSH	B	0.01%
WWD	C	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
CSGS	B	0.01%
BMRN	F	0.01%
TNET	F	0.01%
FYBR	C	0.01%
HE	C	0.01%
WTFC	A	0.01%
PSMT	D	0.01%
ALGN	D	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	D	0.01%
DEI	B	0.01%
AMWD	C	0.01%
PTEN	C	0.01%
SCS	C	0.01%
VNT	C	0.01%
TDC	D	0.01%
SCCO	F	0.0%
NOMD	D	0.0%
WOLF	F	0.0%
HUN	F	0.0%

MFUS Underweight 74 Positions Relative to SPDG

Symbol	Grade	Weight
ADI	D	-1.25%
ABT	B	-0.83%
HON	C	-0.64%
ETN	A	-0.59%
APD	A	-0.59%
MDT	D	-0.46%
DE	B	-0.45%
MCHP	F	-0.44%
GRMN	B	-0.35%
STT	B	-0.3%
FDX	B	-0.29%
STX	C	-0.26%
KVUE	A	-0.23%
GPC	D	-0.22%
SWKS	F	-0.17%
WEC	A	-0.15%
ROK	C	-0.14%
CF	A	-0.14%
AMCR	C	-0.13%
CCOI	B	-0.12%
ORI	A	-0.1%
HAS	D	-0.09%
FRT	B	-0.09%
STWD	C	-0.07%
SNA	A	-0.07%
UBSI	B	-0.06%
FNB	A	-0.06%
SWK	D	-0.06%
FMC	D	-0.06%
COLB	B	-0.06%
GBCI	B	-0.06%
ALLE	C	-0.05%
CTRE	C	-0.05%
OZK	B	-0.05%
NVT	B	-0.05%
FHB	B	-0.04%
NSA	C	-0.04%
CBU	B	-0.04%
CATY	B	-0.04%
KRC	B	-0.04%
ASB	B	-0.04%
PII	F	-0.04%
AVNT	B	-0.04%
AUB	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
OGE	A	-0.04%
VLY	B	-0.04%
CVBF	A	-0.03%
LCII	C	-0.03%
FFBC	B	-0.03%
FCPT	C	-0.03%
SFNC	C	-0.03%
ABR	C	-0.03%
FLS	B	-0.03%
INDB	B	-0.03%
BOH	B	-0.03%
ASH	F	-0.03%
HASI	D	-0.03%
HIW	C	-0.03%
NWE	B	-0.02%
KFY	B	-0.02%
ALE	A	-0.02%
PZZA	F	-0.02%
OGS	A	-0.02%
TRMK	C	-0.02%
POR	C	-0.02%
BKH	A	-0.02%
BANR	B	-0.02%
KMT	B	-0.01%
HI	C	-0.01%
B	A	-0.01%
ENR	B	-0.01%
PRGO	C	-0.01%