MFUS vs. URTH ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to iShares MSCI World Index Fund (URTH)

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

$47.42

Average Daily Volume

5,117

Number of Holdings ^*

785

* may have additional holdings in another (foreign) market

URTH

iShares MSCI World Index Fund

URTH Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI World Index (the "underlying index"). The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is designed to measure the performance of equity securities in the top 85% of equity market capitalization, as calculated by the index provider, in certain developed market countries.

Grade (RS Rating)

Last Trade

$150.50

Average Daily Volume

176,815

Number of Holdings ^*

633

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	URTH
30 Days	1.48%	2.82%
60 Days	3.99%	5.98%
90 Days	1.98%	5.69%
12 Months	23.15%	24.60%

402 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in URTH	Overlap
A	D	0.05%	0.05%	0.05%
AAPL	A	0.66%	4.83%	0.66%
ABBV	C	1.17%	0.13%	0.13%
ABBV	C	1.17%	0.43%	0.43%
ACI	F	0.01%	0.01%	0.01%
ACM	D	0.04%	0.02%	0.02%
ACN	D	0.17%	0.28%	0.17%
ADBE	B	0.04%	0.38%	0.04%
ADM	C	0.33%	0.05%	0.05%
ADP	D	0.08%	0.14%	0.08%
ADSK	B	0.08%	0.08%	0.08%
AES	D	0.04%	0.02%	0.02%
AFG	D	0.01%	0.01%	0.01%
AFL	B	0.16%	0.08%	0.08%
AGCO	F	0.02%	0.01%	0.01%
AIG	D	0.44%	0.08%	0.08%
AIZ	D	0.06%	0.01%	0.01%
AJG	A	0.08%	0.08%	0.08%
AKAM	F	0.02%	0.02%	0.02%
ALGN	D	0.02%	0.03%	0.02%
ALL	D	0.31%	0.06%	0.06%
ALLY	B	0.13%	0.02%	0.02%
AMAT	B	0.59%	0.3%	0.3%
AMGN	B	0.99%	0.25%	0.25%
AMH	A	0.03%	0.02%	0.02%
AMP	B	0.08%	0.07%	0.07%
AMZN	A	1.39%	2.75%	1.39%
ANET	A	0.13%	0.14%	0.13%
ANSS	C	0.06%	0.04%	0.04%
AON	C	0.16%	0.09%	0.09%
AOS	D	0.11%	0.02%	0.02%
APH	B	0.11%	0.12%	0.11%
APO	B	0.12%	0.07%	0.07%
APP	B	0.03%	0.02%	0.02%
ARES	C	0.09%	0.04%	0.04%
AVGO	B	1.46%	1.13%	1.13%
AVTR	D	0.03%	0.02%	0.02%
AVY	D	0.1%	0.03%	0.03%
AXP	C	0.18%	0.2%	0.18%
AZO	C	0.28%	0.07%	0.07%
BAC	B	0.39%	0.43%	0.39%
BAH	C	0.15%	0.03%	0.03%
BALL	D	0.07%	0.03%	0.03%
BAX	C	0.03%	0.02%	0.02%
BBWI	F	0.03%	0.01%	0.01%
BBY	C	0.21%	0.02%	0.02%
BDX	F	0.09%	0.1%	0.09%
BEN	F	0.05%	0.01%	0.01%
BIIB	C	0.09%	0.05%	0.05%
BK	B	0.23%	0.07%	0.07%
BKNG	B	0.5%	0.2%	0.2%
BKR	C	0.17%	0.05%	0.05%
BLDR	F	0.03%	0.03%	0.03%
BMRN	C	0.02%	0.02%	0.02%
BMY	F	0.24%	0.12%	0.12%
BR	B	0.15%	0.03%	0.03%
BRK.A	C	1.83%	0.79%	0.79%
BRO	B	0.12%	0.03%	0.03%
BSX	B	0.18%	0.17%	0.17%
BURL	B	0.03%	0.02%	0.02%
BX	C	0.21%	0.13%	0.13%
BXP	C	0.01%	0.01%	0.01%
C	B	1.31%	0.18%	0.18%
CAG	D	0.04%	0.02%	0.02%
CAH	D	0.31%	0.04%	0.04%
CARR	C	0.11%	0.08%	0.08%
CAT	D	0.41%	0.25%	0.25%
CB	C	0.14%	0.16%	0.14%
CCK	F	0.06%	0.01%	0.01%
CCL	C	0.05%	0.03%	0.03%
CDW	D	0.06%	0.04%	0.04%
CE	F	0.08%	0.02%	0.02%
CEG	B	0.11%	0.1%	0.1%
CFG	B	0.06%	0.03%	0.03%
CG	C	0.02%	0.01%	0.01%
CHD	C	0.07%	0.04%	0.04%
CHRD	C	0.03%	0.02%	0.02%
CHRW	C	0.08%	0.01%	0.01%
CHTR	C	0.22%	0.04%	0.04%
CI	D	0.14%	0.14%	0.14%
CINF	C	0.02%	0.03%	0.02%
CL	B	0.31%	0.11%	0.11%
CLX	D	0.12%	0.02%	0.02%
CMCSA	F	0.24%	0.22%	0.22%
CME	D	0.18%	0.1%	0.1%
CMG	D	0.27%	0.12%	0.12%
CMI	D	0.11%	0.06%	0.06%
COF	D	0.42%	0.08%	0.08%
COIN	C	0.09%	0.06%	0.06%
COP	D	0.34%	0.2%	0.2%
COST	A	1.18%	0.57%	0.57%
CPAY	D	0.05%	0.03%	0.03%
CPB	B	0.01%	0.01%	0.01%
CPRT	C	0.21%	0.07%	0.07%
CPT	B	0.05%	0.02%	0.02%
CRM	C	0.35%	0.38%	0.35%
CSCO	D	0.41%	0.28%	0.28%
CSL	C	0.02%	0.03%	0.02%
CSX	D	0.08%	0.1%	0.08%
CTAS	A	0.15%	0.09%	0.09%
CTLT	B	0.02%	0.01%	0.01%
CTRA	D	0.03%	0.03%	0.03%
CTVA	D	0.03%	0.05%	0.03%
CVS	D	0.87%	0.11%	0.11%
CVX	D	0.9%	0.41%	0.41%
DASH	C	0.08%	0.05%	0.05%
DD	C	0.22%	0.05%	0.05%
DECK	C	0.19%	0.04%	0.04%
DELL	C	0.07%	0.06%	0.06%
DFS	B	0.07%	0.05%	0.05%
DG	F	0.09%	0.04%	0.04%
DGX	C	0.06%	0.02%	0.02%
DHR	D	0.25%	0.25%	0.25%
DINO	D	0.04%	0.01%	0.01%
DKS	C	0.1%	0.02%	0.02%
DLR	B	0.08%	0.07%	0.07%
DLTR	F	0.04%	0.03%	0.03%
DOV	D	0.02%	0.04%	0.02%
DOW	D	0.04%	0.05%	0.04%
DPZ	D	0.23%	0.03%	0.03%
DRI	D	0.03%	0.02%	0.02%
DUK	C	0.12%	0.11%	0.11%
DVA	C	0.17%	0.01%	0.01%
EA	B	0.09%	0.06%	0.06%
EBAY	B	0.31%	0.04%	0.04%
ECL	B	0.08%	0.09%	0.08%
EFX	B	0.08%	0.04%	0.04%
ELS	C	0.03%	0.02%	0.02%
ELV	C	0.08%	0.18%	0.08%
EME	D	0.03%	0.03%	0.03%
EMN	D	0.06%	0.02%	0.02%
EMR	C	0.16%	0.09%	0.09%
ENTG	B	0.05%	0.03%	0.03%
EOG	D	0.11%	0.11%	0.11%
EQH	B	0.07%	0.02%	0.02%
EQIX	C	0.03%	0.11%	0.03%
ERIE	C	0.06%	0.01%	0.01%
ETN	C	0.2%	0.19%	0.19%
EVRG	D	0.01%	0.02%	0.01%
EXC	D	0.1%	0.05%	0.05%
EXPD	B	0.08%	0.03%	0.03%
EXR	B	0.07%	0.05%	0.05%
F	B	0.39%	0.08%	0.08%
FANG	B	0.05%	0.05%	0.05%
FAST	D	0.1%	0.05%	0.05%
FCNCA	C	0.05%	0.03%	0.03%
FCX	C	0.11%	0.11%	0.11%
FDS	C	0.05%	0.02%	0.02%
FFIV	C	0.03%	0.01%	0.01%
FICO	A	0.19%	0.06%	0.06%
FIS	B	0.07%	0.07%	0.07%
FITB	D	0.05%	0.04%	0.04%
FNF	D	0.02%	0.02%	0.02%
FOXA	B	0.07%	0.02%	0.02%
FTNT	C	0.04%	0.06%	0.04%
GD	D	0.17%	0.1%	0.1%
GDDY	A	0.09%	0.03%	0.03%
GE	D	1.07%	0.26%	0.26%
GEHC	D	0.02%	0.05%	0.02%
GGG	D	0.04%	0.02%	0.02%
GILD	C	0.67%	0.12%	0.12%
GIS	D	0.1%	0.05%	0.05%
GLPI	B	0.06%	0.02%	0.02%
GLW	B	0.18%	0.04%	0.04%
GM	B	0.58%	0.08%	0.08%
GOOGL	A	1.47%	1.63%	1.47%
GPC	D	0.02%	0.03%	0.02%
GS	A	0.45%	0.22%	0.22%
GWW	C	0.16%	0.06%	0.06%
H	C	0.01%	0.01%	0.01%
HAL	F	0.04%	0.05%	0.04%
HBAN	D	0.02%	0.03%	0.02%
HCA	C	0.12%	0.1%	0.1%
HD	C	0.37%	0.49%	0.37%
HEI	B	0.03%	0.01%	0.01%
HEI	B	0.03%	0.02%	0.02%
HIG	C	0.05%	0.04%	0.04%
HII	D	0.02%	0.01%	0.01%
HLT	B	0.08%	0.09%	0.08%
HOLX	C	0.03%	0.03%	0.03%
HOOD	B	0.03%	0.02%	0.02%
HPE	C	0.27%	0.04%	0.04%
HPQ	C	0.29%	0.05%	0.05%
HRL	F	0.01%	0.01%	0.01%
HSIC	D	0.03%	0.01%	0.01%
HST	D	0.02%	0.02%	0.02%
HSY	F	0.05%	0.04%	0.04%
HUBB	C	0.08%	0.03%	0.03%
HWM	C	0.11%	0.04%	0.04%
IBM	B	1.12%	0.24%	0.24%
ICE	A	0.25%	0.12%	0.12%
IDXX	D	0.06%	0.06%	0.06%
IEX	D	0.08%	0.02%	0.02%
IFF	B	0.03%	0.04%	0.03%
INCY	D	0.01%	0.02%	0.01%
INTC	C	0.59%	0.2%	0.2%
INTU	A	0.27%	0.27%	0.27%
INVH	A	0.06%	0.03%	0.03%
IP	C	0.12%	0.02%	0.02%
IPG	F	0.07%	0.02%	0.02%
IR	C	0.09%	0.06%	0.06%
IRM	B	0.09%	0.04%	0.04%
IT	B	0.14%	0.05%	0.05%
ITW	D	0.08%	0.1%	0.08%
JBHT	F	0.02%	0.02%	0.02%
JBL	F	0.07%	0.02%	0.02%
JKHY	C	0.1%	0.02%	0.02%
JNJ	F	0.91%	0.52%	0.52%
JNPR	B	0.12%	0.02%	0.02%
JPM	B	0.88%	0.89%	0.88%
K	D	0.07%	0.02%	0.02%
KDP	D	0.06%	0.05%	0.05%
KEY	C	0.02%	0.02%	0.02%
KHC	D	0.15%	0.04%	0.04%
KKR	C	0.11%	0.1%	0.1%
KLAC	B	0.27%	0.17%	0.17%
KMB	B	0.16%	0.07%	0.07%
KMI	B	0.08%	0.06%	0.06%
KNX	C	0.01%	0.01%	0.01%
KO	A	0.54%	0.39%	0.39%
KR	C	0.33%	0.05%	0.05%
L	D	0.08%	0.02%	0.02%
LDOS	B	0.08%	0.03%	0.03%
LEN	D	0.07%	0.05%	0.05%
LHX	B	0.19%	0.06%	0.06%
LII	B	0.22%	0.03%	0.03%
LLY	A	2.52%	1.08%	1.08%
LMT	C	0.43%	0.15%	0.15%
LOW	D	0.21%	0.18%	0.18%
LPLA	B	0.09%	0.03%	0.03%
LRCX	B	0.4%	0.21%	0.21%
LVS	F	0.01%	0.02%	0.01%
LW	F	0.05%	0.02%	0.02%
LYB	D	0.22%	0.04%	0.04%
MA	C	0.74%	0.56%	0.56%
MANH	B	0.03%	0.02%	0.02%
MAR	C	0.12%	0.09%	0.09%
MAS	D	0.05%	0.02%	0.02%
MCD	F	0.36%	0.27%	0.27%
MCK	B	0.61%	0.12%	0.12%
MCO	A	0.03%	0.1%	0.03%
MDLZ	D	0.19%	0.13%	0.13%
MET	D	0.35%	0.07%	0.07%
META	A	2.09%	1.66%	1.66%
MKC	C	0.06%	0.02%	0.02%
MKL	D	0.03%	0.03%	0.03%
MKTX	C	0.02%	0.01%	0.01%
MLM	D	0.06%	0.05%	0.05%
MMC	B	0.18%	0.16%	0.16%
MMM	B	0.33%	0.08%	0.08%
MNST	D	0.06%	0.06%	0.06%
MO	A	0.46%	0.12%	0.12%
MOH	F	0.03%	0.02%	0.02%
MOS	F	0.05%	0.01%	0.01%
MPC	D	0.7%	0.09%	0.09%
MPWR	B	0.08%	0.06%	0.06%
MRK	C	1.01%	0.47%	0.47%
MRO	B	0.11%	0.02%	0.02%
MSCI	C	0.07%	0.06%	0.06%
MSI	B	0.13%	0.1%	0.1%
MTB	C	0.03%	0.04%	0.03%
MTD	D	0.08%	0.04%	0.04%
MU	C	0.24%	0.23%	0.23%
NBIX	C	0.04%	0.02%	0.02%
NDAQ	C	0.02%	0.04%	0.02%
NDSN	D	0.04%	0.02%	0.02%
NEM	A	0.08%	0.08%	0.08%
NFLX	A	0.45%	0.44%	0.44%
NKE	F	0.05%	0.13%	0.05%
NOC	D	0.19%	0.09%	0.09%
NOW	A	0.33%	0.24%	0.24%
NRG	D	0.07%	0.03%	0.03%
NTAP	A	0.09%	0.04%	0.04%
NTRS	C	0.02%	0.03%	0.02%
NUE	F	0.08%	0.06%	0.06%
NVDA	B	1.9%	4.76%	1.9%
NVR	D	0.06%	0.03%	0.03%
NWSA	B	0.07%	0.02%	0.02%
OC	D	0.08%	0.02%	0.02%
ODFL	C	0.01%	0.05%	0.01%
OKE	B	0.07%	0.07%	0.07%
OKTA	C	0.03%	0.02%	0.02%
OMC	D	0.05%	0.03%	0.03%
ORCL	A	1.02%	0.35%	0.35%
ORLY	C	0.17%	0.09%	0.09%
OTIS	B	0.07%	0.06%	0.06%
PANW	B	0.24%	0.16%	0.16%
PARA	C	0.02%	0.01%	0.01%
PAYX	D	0.03%	0.05%	0.03%
PCAR	D	0.09%	0.08%	0.08%
PEG	B	0.05%	0.05%	0.05%
PEP	D	0.59%	0.33%	0.33%
PFE	C	0.5%	0.23%	0.23%
PFG	D	0.01%	0.03%	0.01%
PG	C	0.84%	0.57%	0.57%
PGR	B	0.42%	0.18%	0.18%
PH	D	0.12%	0.1%	0.1%
PHM	D	0.14%	0.03%	0.03%
PINS	B	0.06%	0.04%	0.04%
PKG	C	0.04%	0.02%	0.02%
PM	B	0.46%	0.23%	0.23%
PNC	C	0.08%	0.09%	0.08%
PNR	D	0.07%	0.02%	0.02%
POOL	F	0.06%	0.02%	0.02%
PPG	D	0.04%	0.04%	0.04%
PRU	B	0.26%	0.06%	0.06%
PSA	B	0.03%	0.07%	0.03%
PSTG	B	0.05%	0.03%	0.03%
PSX	D	0.61%	0.09%	0.09%
PTC	B	0.05%	0.03%	0.03%
PWR	D	0.14%	0.05%	0.05%
QCOM	B	0.77%	0.34%	0.34%
QRVO	B	0.01%	0.02%	0.01%
RCL	B	0.08%	0.06%	0.06%
REGN	B	0.43%	0.16%	0.16%
RJF	D	0.01%	0.04%	0.01%
RMD	C	0.09%	0.04%	0.04%
ROL	A	0.05%	0.02%	0.02%
ROP	B	0.06%	0.09%	0.06%
ROST	B	0.07%	0.07%	0.07%
RPM	D	0.1%	0.02%	0.02%
RPRX	F	0.03%	0.02%	0.02%
RS	D	0.09%	0.02%	0.02%
RSG	A	0.12%	0.06%	0.06%
SBAC	F	0.02%	0.03%	0.02%
SBUX	F	0.05%	0.13%	0.05%
SCHW	D	0.19%	0.16%	0.16%
SEIC	D	0.07%	0.01%	0.01%
SHW	D	0.17%	0.11%	0.11%
SJM	D	0.03%	0.02%	0.02%
SLB	D	0.1%	0.1%	0.1%
SMCI	B	0.3%	0.07%	0.07%
SNAP	B	0.03%	0.02%	0.02%
SPG	C	0.13%	0.07%	0.07%
SPGI	B	0.05%	0.22%	0.05%
STE	C	0.11%	0.03%	0.03%
STLD	D	0.05%	0.03%	0.03%
STZ	B	0.05%	0.06%	0.05%
SUI	C	0.05%	0.02%	0.02%
SYF	B	0.29%	0.03%	0.03%
SYY	D	0.07%	0.05%	0.05%
T	B	1.08%	0.2%	0.2%
TAP	F	0.08%	0.01%	0.01%
TDG	D	0.15%	0.11%	0.11%
TER	A	0.04%	0.04%	0.04%
TFC	B	0.08%	0.08%	0.08%
TFX	C	0.03%	0.01%	0.01%
TGT	D	0.68%	0.1%	0.1%
TJX	A	0.32%	0.19%	0.19%
TMUS	B	0.29%	0.14%	0.14%
TRGP	A	0.12%	0.04%	0.04%
TROW	C	0.09%	0.04%	0.04%
TRV	D	0.28%	0.07%	0.07%
TSCO	D	0.07%	0.04%	0.04%
TSN	D	0.21%	0.02%	0.02%
TTC	C	0.08%	0.01%	0.01%
TTWO	C	0.07%	0.04%	0.04%
TW	C	0.05%	0.02%	0.02%
TXN	B	0.2%	0.27%	0.2%
TXT	D	0.03%	0.03%	0.03%
TYL	A	0.07%	0.03%	0.03%
UBER	B	0.22%	0.2%	0.2%
UDR	B	0.03%	0.02%	0.02%
UHAL	D	0.01%	0.01%	0.01%
UHAL	D	0.03%	0.01%	0.01%
UHS	C	0.08%	0.02%	0.02%
ULTA	D	0.05%	0.03%	0.03%
UNP	D	0.43%	0.2%	0.2%
UPS	D	0.2%	0.15%	0.15%
URI	D	0.08%	0.07%	0.07%
USB	D	0.1%	0.09%	0.09%
UTHR	B	0.16%	0.02%	0.02%
V	C	0.84%	0.63%	0.63%
VLO	D	0.62%	0.08%	0.08%
VMC	D	0.07%	0.05%	0.05%
VRSK	A	0.2%	0.06%	0.06%
VRSN	C	0.04%	0.03%	0.03%
VRTX	B	0.22%	0.18%	0.18%
VST	C	0.29%	0.05%	0.05%
VTRS	D	0.13%	0.02%	0.02%
VZ	B	0.96%	0.26%	0.26%
WAB	D	0.04%	0.04%	0.04%
WAT	D	0.04%	0.02%	0.02%
WBA	F	0.25%	0.01%	0.01%
WDC	B	0.18%	0.04%	0.04%
WELL	A	0.1%	0.09%	0.09%
WFC	C	1.5%	0.32%	0.32%
WM	B	0.24%	0.12%	0.12%
WMB	B	0.08%	0.08%	0.08%
WMT	A	1.65%	0.45%	0.45%
WPC	D	0.05%	0.02%	0.02%
WRB	C	0.02%	0.02%	0.02%
WRK	C	0.13%	0.02%	0.02%
WSM	D	0.25%	0.03%	0.03%
WSO	B	0.21%	0.02%	0.02%
WST	F	0.05%	0.04%	0.04%
WTW	B	0.04%	0.04%	0.04%
XOM	D	1.04%	0.77%	0.77%
XRX	F	0.02%	0.02%	0.02%
XYL	D	0.12%	0.05%	0.05%
YUM	D	0.1%	0.05%	0.05%
ZTS	C	0.04%	0.12%	0.04%

MFUS Overweight 385 Positions Relative to URTH

Symbol	Grade	Weight
ANF	C	0.36%
THC	C	0.24%
MUSA	C	0.16%
SFM	B	0.16%
CASY	B	0.15%
FTI	B	0.11%
EVR	A	0.1%
UNM	D	0.1%
LSTR	D	0.09%
GPS	C	0.09%
CACI	B	0.09%
PBF	F	0.09%
GPK	D	0.09%
AEO	F	0.09%
EHC	B	0.08%
HRB	B	0.08%
CW	C	0.08%
WU	D	0.08%
ITT	D	0.08%
WCC	D	0.08%
OGN	C	0.08%
USFD	C	0.08%
JXN	C	0.08%
BWXT	B	0.08%
AN	D	0.08%
CRS	B	0.08%
LECO	F	0.08%
TOL	D	0.08%
ARW	D	0.07%
URBN	C	0.07%
FCN	D	0.07%
ATR	D	0.07%
HLI	A	0.07%
SEE	F	0.07%
KSS	F	0.07%
MTH	D	0.07%
ABG	D	0.07%
ALSN	D	0.07%
HCC	C	0.07%
TMHC	D	0.07%
AYI	D	0.07%
X	C	0.07%
GPI	D	0.07%
GNTX	D	0.07%
CMC	D	0.07%
OSK	D	0.07%
CHE	D	0.06%
BC	F	0.06%
SCI	C	0.06%
MMS	B	0.06%
LPX	D	0.06%
MUR	D	0.06%
BCC	F	0.06%
SLG	B	0.06%
CRI	F	0.06%
CNX	C	0.06%
MSM	F	0.06%
FLEX	D	0.06%
CALM	B	0.06%
THO	D	0.06%
M	C	0.06%
WIRE	A	0.06%
NSIT	C	0.06%
PK	D	0.06%
SLM	D	0.06%
UFPI	D	0.06%
KD	C	0.06%
TEX	D	0.06%
CRUS	A	0.05%
LANC	B	0.05%
LAMR	B	0.05%
PVH	F	0.05%
PR	C	0.05%
RRC	D	0.05%
GT	F	0.05%
AVT	D	0.05%
POST	C	0.05%
RGA	C	0.05%
NYT	A	0.05%
EXP	D	0.05%
ATI	C	0.05%
LOPE	C	0.05%
WEN	F	0.05%
TKR	D	0.05%
NXST	B	0.05%
MTN	F	0.05%
BWA	F	0.05%
TPH	D	0.05%
AR	D	0.05%
SIG	D	0.05%
SKYW	B	0.05%
IBKR	B	0.05%
FIX	D	0.05%
INGR	D	0.05%
KTB	D	0.05%
LNC	C	0.05%
NOV	D	0.05%
IVZ	D	0.05%
BERY	D	0.05%
SANM	C	0.05%
TXRH	B	0.05%
R	B	0.05%
MLI	C	0.05%
FL	D	0.05%
TPX	D	0.05%
FHI	C	0.04%
DLB	D	0.04%
RGLD	B	0.04%
DK	F	0.04%
GEO	B	0.04%
SON	F	0.04%
KBH	D	0.04%
GNW	D	0.04%
VIRT	C	0.04%
HUBG	C	0.04%
TGNA	D	0.04%
SM	D	0.04%
MSA	C	0.04%
WTM	D	0.04%
MOG.A	C	0.04%
PDCO	F	0.04%
APLE	D	0.04%
GATX	B	0.04%
AROC	B	0.04%
AGNC	A	0.04%
CUBE	B	0.04%
OMF	D	0.04%
SEB	F	0.04%
XRAY	F	0.04%
FLO	D	0.04%
RL	C	0.04%
MAN	D	0.04%
SRCL	B	0.04%
SLGN	D	0.04%
APG	C	0.04%
ABM	B	0.04%
BDC	C	0.04%
NFG	D	0.04%
CRBG	C	0.04%
SAIA	C	0.04%
DCI	D	0.04%
GNRC	C	0.04%
AMKR	B	0.04%
VSH	D	0.04%
COOP	D	0.04%
VC	D	0.04%
HXL	D	0.04%
CLH	B	0.04%
MHO	D	0.04%
VNO	C	0.04%
G	D	0.04%
JLL	B	0.04%
MAC	D	0.04%
ATGE	A	0.04%
AMG	D	0.04%
OLN	F	0.04%
CBT	D	0.04%
SMG	D	0.04%
BTU	C	0.04%
PAG	D	0.04%
WHR	C	0.04%
DDS	D	0.04%
SHO	C	0.03%
RLI	D	0.03%
SSD	F	0.03%
MATX	B	0.03%
AWI	D	0.03%
NAVI	F	0.03%
JEF	B	0.03%
RUSHA	F	0.03%
ETRN	D	0.03%
AA	B	0.03%
MASI	F	0.03%
CVLT	B	0.03%
AVA	D	0.03%
SBH	D	0.03%
TDC	C	0.03%
WH	C	0.03%
VNT	D	0.03%
TDS	B	0.03%
BRKR	F	0.03%
ADNT	F	0.03%
MDU	C	0.03%
WTS	D	0.03%
MORN	B	0.03%
PRIM	D	0.03%
SHOO	C	0.03%
CMA	C	0.03%
VVV	B	0.03%
DOX	D	0.03%
SLVM	D	0.03%
NVT	D	0.03%
TRN	D	0.03%
GBX	D	0.03%
CNO	B	0.03%
JHG	B	0.03%
YELP	F	0.03%
ASO	F	0.03%
OI	F	0.03%
CPNG	C	0.03%
SEM	A	0.03%
FND	F	0.03%
DBRG	F	0.03%
ACA	D	0.03%
COLD	C	0.03%
GVA	B	0.03%
GMS	D	0.03%
BLD	D	0.03%
JWN	B	0.03%
LEA	F	0.03%
BHF	F	0.03%
MTG	B	0.03%
XPO	C	0.03%
HP	D	0.03%
BJ	B	0.03%
THG	D	0.03%
IOSP	D	0.02%
APOG	D	0.02%
LUMN	F	0.02%
EWBC	D	0.02%
MCY	C	0.02%
HELE	F	0.02%
LBRDK	C	0.02%
DNOW	D	0.02%
IGT	F	0.02%
OSIS	C	0.02%
RHI	F	0.02%
CHDN	B	0.02%
PSN	C	0.02%
DXC	C	0.02%
DAN	F	0.02%
PTEN	F	0.02%
NTCT	D	0.02%
NYCB	D	0.02%
ANDE	D	0.02%
PFSI	B	0.02%
AIT	C	0.02%
GES	D	0.02%
FAF	D	0.02%
GHC	D	0.02%
PLXS	D	0.02%
PMT	C	0.02%
VSTO	B	0.02%
SXT	C	0.02%
EXEL	C	0.02%
XHR	D	0.02%
PNM	D	0.02%
STC	D	0.02%
CXW	D	0.02%
SAM	C	0.02%
KMPR	C	0.02%
KBR	D	0.02%
GMED	B	0.02%
BKE	D	0.02%
NSP	F	0.02%
LNW	B	0.02%
GEF	F	0.02%
PRG	D	0.02%
COKE	B	0.02%
PINC	F	0.02%
REZI	D	0.02%
BKU	C	0.02%
FLS	D	0.02%
COHR	B	0.02%
LZB	C	0.02%
ORA	C	0.02%
THS	C	0.02%
RLJ	F	0.02%
EPC	B	0.02%
FR	C	0.02%
WERN	F	0.02%
AXTA	D	0.02%
APAM	D	0.02%
DRH	D	0.02%
ODP	F	0.02%
MC	A	0.02%
RYN	D	0.02%
BFAM	C	0.02%
NEU	D	0.02%
HOG	F	0.02%
WMS	D	0.02%
ZION	C	0.02%
SKX	C	0.02%
UNF	B	0.02%
HAE	C	0.02%
CC	F	0.02%
AIR	B	0.02%
SITC	B	0.02%
HBI	C	0.02%
WOLF	F	0.01%
ECPG	D	0.01%
SCHL	D	0.01%
JAZZ	F	0.01%
WAFD	C	0.01%
SCL	D	0.01%
UAL	D	0.01%
UVV	D	0.01%
WGO	F	0.01%
JBGS	B	0.01%
TPR	C	0.01%
MHK	D	0.01%
MLKN	D	0.01%
JELD	F	0.01%
AAP	F	0.01%
PECO	C	0.01%
LYFT	F	0.01%
CACC	B	0.01%
HPP	D	0.01%
ARCH	C	0.01%
SWN	D	0.01%
ESI	B	0.01%
SWX	D	0.01%
SCCO	C	0.01%
ESAB	D	0.01%
BRC	B	0.01%
HUN	F	0.01%
WMK	D	0.01%
CADE	D	0.01%
FYBR	B	0.01%
DTM	B	0.01%
WTFC	D	0.01%
AMED	A	0.01%
CBSH	C	0.01%
SAIC	D	0.01%
DY	B	0.01%
ONB	B	0.01%
FHN	C	0.01%
CPRI	D	0.01%
SPB	D	0.01%
SIGI	F	0.01%
CSGS	F	0.01%
DEI	D	0.01%
FLR	B	0.01%
BECN	D	0.01%
CENTA	D	0.01%
WOR	F	0.01%
FELE	D	0.01%
MKSI	B	0.01%
KALU	D	0.01%
CR	C	0.01%
WAL	B	0.01%
MTDR	D	0.01%
ARCB	D	0.01%
SF	B	0.01%
KN	D	0.01%
AMWD	F	0.01%
WBS	D	0.01%
ELAN	D	0.01%
NNI	C	0.01%
SNV	B	0.01%
SYNA	F	0.01%
SATS	B	0.01%
LAUR	C	0.01%
RBC	C	0.01%
VFC	D	0.01%
LAD	F	0.01%
ESNT	C	0.01%
LADR	A	0.01%
CWEN	D	0.01%
PHIN	D	0.01%
CNM	D	0.01%
TTMI	B	0.01%
PSMT	D	0.01%
SAH	D	0.01%
OMI	F	0.01%
CBRL	F	0.01%
BHE	D	0.01%
WWD	D	0.01%
GOLF	C	0.01%
STRA	C	0.01%
KEX	B	0.01%
TTEK	D	0.01%
LEG	F	0.01%
SCS	C	0.01%
DORM	C	0.01%
TNET	F	0.01%
OLLI	B	0.01%
SNDR	B	0.01%
TREX	F	0.01%
NWL	F	0.01%
HNI	C	0.01%
GWRE	A	0.01%
LXP	B	0.01%
CVI	F	0.01%
NOMD	D	0.0%

MFUS Underweight 232 Positions Relative to URTH

Symbol	Grade	Weight
MSFT	A	-4.83%
GOOG	A	-1.42%
TSLA	B	-1.05%
NVO	B	-0.68%
UNH	D	-0.67%
AMD	B	-0.39%
TM	D	-0.32%
LIN	C	-0.31%
NVS	A	-0.31%
TMO	D	-0.3%
DIS	D	-0.27%
ABT	D	-0.26%
ISRG	A	-0.23%
NEE	D	-0.22%
HON	B	-0.21%
RTX	D	-0.2%
UL	B	-0.2%
MUFG	A	-0.19%
MS	B	-0.18%
SYK	B	-0.17%
ADI	B	-0.17%
BLK	B	-0.17%
PLD	C	-0.16%
SONY	C	-0.16%
BA	C	-0.16%
MDT	D	-0.15%
AMT	B	-0.14%
SNPS	B	-0.14%
DE	F	-0.14%
SO	B	-0.13%
CDNS	B	-0.13%
SMFG	A	-0.13%
CRWD	B	-0.13%
FI	C	-0.13%
DEO	F	-0.11%
MELI	B	-0.11%
TT	B	-0.11%
CNI	D	-0.1%
ABNB	B	-0.1%
FDX	B	-0.1%
NXPI	B	-0.1%
PYPL	D	-0.09%
MRVL	C	-0.09%
CRH	D	-0.08%
MCHP	C	-0.08%
MFG	A	-0.08%
EW	B	-0.08%
APD	D	-0.08%
STLA	F	-0.07%
HUM	C	-0.07%
JCI	D	-0.07%
O	C	-0.07%
LYG	A	-0.07%
TEL	B	-0.07%
AEP	C	-0.07%
WCN	B	-0.07%
WDAY	D	-0.07%
GEV	B	-0.07%
SRE	B	-0.07%
NSC	D	-0.07%
HMC	D	-0.07%
PLTR	A	-0.07%
IQV	D	-0.06%
MRNA	D	-0.06%
FERG	D	-0.06%
AME	D	-0.06%
COR	C	-0.06%
OXY	D	-0.06%
DHI	D	-0.06%
LNG	B	-0.06%
D	C	-0.06%
HES	D	-0.06%
BCS	A	-0.06%
CCI	D	-0.06%
SNOW	D	-0.06%
DXCM	D	-0.06%
TTD	A	-0.06%
ALNY	A	-0.05%
ROK	D	-0.05%
ON	C	-0.05%
LULU	F	-0.05%
PCG	D	-0.05%
VRT	C	-0.05%
CTSH	C	-0.05%
KVUE	F	-0.05%
SQ	C	-0.05%
E	C	-0.05%
CNC	D	-0.05%
ACGL	C	-0.05%
DDOG	B	-0.05%
STT	C	-0.04%
KEYS	D	-0.04%
AWK	B	-0.04%
FSLR	C	-0.04%
NET	B	-0.04%
EL	F	-0.04%
WEC	D	-0.04%
GPN	D	-0.04%
SE	B	-0.04%
FTV	D	-0.04%
CBRE	C	-0.04%
GRMN	C	-0.04%
EIX	C	-0.04%
STM	C	-0.04%
HUBS	C	-0.04%
VEEV	D	-0.04%
TEAM	C	-0.04%
AVB	B	-0.04%
XEL	D	-0.04%
VICI	D	-0.04%
GOLD	B	-0.04%
DVN	D	-0.04%
ED	D	-0.04%
CSGP	F	-0.04%
CHKP	A	-0.03%
TDY	D	-0.03%
EXPE	C	-0.03%
J	D	-0.03%
RBLX	B	-0.03%
ZS	B	-0.03%
AER	B	-0.03%
RF	B	-0.03%
TEVA	C	-0.03%
MDB	D	-0.03%
ES	C	-0.03%
AEE	D	-0.03%
APTV	F	-0.03%
WY	F	-0.03%
CNP	B	-0.03%
VTR	A	-0.03%
ARE	C	-0.03%
STX	B	-0.03%
NMR	C	-0.03%
MSTR	D	-0.03%
FE	C	-0.03%
PPL	D	-0.03%
GIB	D	-0.03%
AXON	C	-0.03%
DTE	D	-0.03%
ZBH	D	-0.03%
ETR	D	-0.03%
EQR	B	-0.03%
VLTO	D	-0.03%
WTRG	C	-0.02%
DOCU	C	-0.02%
TECH	D	-0.02%
BSY	D	-0.02%
APA	F	-0.02%
CRL	F	-0.02%
REG	B	-0.02%
LKQ	F	-0.02%
RIVN	C	-0.02%
ALB	F	-0.02%
KMX	C	-0.02%
DT	F	-0.02%
MGM	B	-0.02%
RVTY	D	-0.02%
CYBR	B	-0.02%
SWK	D	-0.02%
LNT	B	-0.02%
OVV	D	-0.02%
CF	F	-0.02%
ENPH	F	-0.02%
PODD	C	-0.02%
NI	B	-0.02%
KIM	B	-0.02%
DOC	B	-0.02%
TRMB	C	-0.02%
FWONK	B	-0.02%
SNA	F	-0.02%
ZM	F	-0.02%
TRU	C	-0.02%
GEN	B	-0.02%
CCEP	B	-0.02%
AMCR	D	-0.02%
SSNC	B	-0.02%
TPL	B	-0.02%
LOGI	C	-0.02%
LYV	C	-0.02%
EG	D	-0.02%
DKNG	F	-0.02%
BG	B	-0.02%
EQT	D	-0.02%
MAA	C	-0.02%
ILMN	D	-0.02%
ZBRA	C	-0.02%
COO	D	-0.02%
ESS	B	-0.02%
WBD	F	-0.02%
SWKS	C	-0.02%
LH	C	-0.02%
CMS	D	-0.02%
ATO	D	-0.02%
FUTU	C	-0.01%
U	F	-0.01%
LUV	D	-0.01%
CFLT	C	-0.01%
FOX	B	-0.01%
PCTY	F	-0.01%
AZPN	D	-0.01%
PATH	D	-0.01%
BIO	D	-0.01%
RGEN	F	-0.01%
IOT	C	-0.01%
GRAB	C	-0.01%
SOLV	F	-0.01%
WLK	D	-0.01%
DAY	F	-0.01%
ROKU	C	-0.01%
PAYC	F	-0.01%
ETSY	F	-0.01%
EXAS	D	-0.01%
MTCH	F	-0.01%
Z	C	-0.01%
DAL	D	-0.01%
CLF	D	-0.01%
CZR	C	-0.01%
WIX	C	-0.01%
NLY	C	-0.01%
LSCC	D	-0.01%
CELH	F	-0.01%
FBIN	F	-0.01%
TOST	B	-0.01%
MNDY	A	-0.01%
TWLO	D	-0.01%
WYNN	D	-0.01%
CNH	F	-0.01%
EPAM	F	-0.01%
CHK	D	-0.01%
ALLE	D	-0.01%
DOOO	F	-0.0%
GLBE	B	-0.0%