MFUS vs. VIG ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard Div Appreciation ETF - DNQ (VIG)

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

VIG

Vanguard Div Appreciation ETF - DNQ

VIG Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time. The fund employs an indexing investment approach designed to track the performance of the NASDAQ US Dividend Achievers Select Index, which consists of common stocks of companies that have a record of increasing dividends over time. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$202.46

Average Daily Volume

706,726

Number of Holdings ^*

336

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VIG
30 Days	2.73%	1.97%
60 Days	3.41%	2.56%
90 Days	5.38%	5.04%
12 Months	32.49%	26.08%

216 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VIG	Overlap
AAPL	C	0.96%	4.74%	0.96%
ABBV	D	1.36%	1.94%	1.36%
ABM	B	0.04%	0.02%	0.02%
ACN	C	0.25%	1.16%	0.25%
ADM	D	0.22%	0.14%	0.14%
ADP	B	0.11%	0.64%	0.11%
AES	F	0.01%	0.06%	0.01%
AFL	B	0.21%	0.29%	0.21%
AGCO	D	0.02%	0.03%	0.02%
AIZ	A	0.09%	0.05%	0.05%
AJG	B	0.16%	0.33%	0.16%
ALL	A	0.26%	0.26%	0.26%
AMGN	D	0.94%	0.93%	0.93%
AMP	A	0.18%	0.27%	0.18%
ANDE	D	0.02%	0.01%	0.01%
AON	A	0.24%	0.43%	0.24%
AOS	F	0.08%	0.05%	0.05%
APH	A	0.12%	0.43%	0.12%
APOG	B	0.02%	0.01%	0.01%
ATO	A	0.02%	0.11%	0.02%
ATR	B	0.08%	0.06%	0.06%
AVGO	D	1.59%	4.24%	1.59%
AVT	C	0.04%	0.03%	0.03%
AVY	D	0.09%	0.09%	0.09%
BAC	A	0.45%	1.52%	0.45%
BAH	F	0.15%	0.13%	0.13%
BC	C	0.06%	0.03%	0.03%
BDX	F	0.11%	0.36%	0.11%
BK	A	0.18%	0.3%	0.18%
BLK	C	0.19%	0.73%	0.19%
BR	A	0.17%	0.13%	0.13%
BRC	D	0.01%	0.02%	0.01%
BRO	B	0.12%	0.13%	0.12%
CADE	B	0.01%	0.03%	0.01%
CAH	B	0.27%	0.14%	0.14%
CASY	A	0.16%	0.08%	0.08%
CAT	B	0.2%	0.98%	0.2%
CB	C	0.16%	0.57%	0.16%
CBSH	A	0.01%	0.04%	0.01%
CBT	C	0.05%	0.03%	0.03%
CDW	F	0.03%	0.14%	0.03%
CE	F	0.02%	0.07%	0.02%
CFR	B	0.01%	0.04%	0.01%
CHD	B	0.07%	0.13%	0.07%
CHE	D	0.06%	0.04%	0.04%
CHRW	C	0.14%	0.06%	0.06%
CINF	A	0.02%	0.12%	0.02%
CL	D	0.35%	0.41%	0.35%
CLX	B	0.12%	0.11%	0.11%
CMCSA	B	0.16%	0.92%	0.16%
CME	A	0.14%	0.44%	0.14%
CMI	A	0.14%	0.24%	0.14%
CMS	C	0.03%	0.11%	0.03%
CNO	A	0.05%	0.02%	0.02%
CNS	B	0.01%	0.01%	0.01%
COR	B	0.17%	0.22%	0.17%
COST	B	1.35%	2.08%	1.35%
CSCO	B	0.68%	1.18%	0.68%
CSGS	B	0.01%	0.01%	0.01%
CSL	C	0.02%	0.1%	0.02%
CSX	B	0.11%	0.35%	0.11%
CTAS	B	0.19%	0.38%	0.19%
DCI	B	0.04%	0.05%	0.04%
DDS	B	0.03%	0.01%	0.01%
DFS	B	0.1%	0.2%	0.1%
DGX	A	0.09%	0.09%	0.09%
DHI	D	0.06%	0.27%	0.06%
DHR	F	0.24%	0.85%	0.24%
DOV	A	0.04%	0.14%	0.04%
DOX	D	0.03%	0.05%	0.03%
DPZ	C	0.13%	0.08%	0.08%
DTE	C	0.02%	0.14%	0.02%
ECL	D	0.08%	0.33%	0.08%
ELV	F	0.16%	0.51%	0.16%
EMN	D	0.04%	0.07%	0.04%
EMR	A	0.09%	0.33%	0.09%
ERIE	D	0.04%	0.06%	0.04%
EVR	B	0.13%	0.05%	0.05%
EXPD	D	0.11%	0.09%	0.09%
FAF	A	0.02%	0.04%	0.02%
FAST	B	0.13%	0.24%	0.13%
FDS	B	0.04%	0.09%	0.04%
FELE	B	0.01%	0.02%	0.01%
FITB	A	0.04%	0.16%	0.04%
FIX	A	0.06%	0.07%	0.06%
FLO	D	0.04%	0.02%	0.02%
FNF	B	0.03%	0.08%	0.03%
GATX	A	0.04%	0.03%	0.03%
GD	F	0.24%	0.4%	0.24%
GGG	B	0.03%	0.07%	0.03%
GHC	C	0.02%	0.02%	0.02%
GLW	B	0.2%	0.2%	0.2%
GS	A	0.41%	0.88%	0.41%
GWW	B	0.21%	0.27%	0.21%
HD	A	0.62%	2.11%	0.62%
HEI	B	0.04%	0.05%	0.04%
HEI	B	0.04%	0.08%	0.04%
HIG	B	0.06%	0.18%	0.06%
HII	D	0.02%	0.04%	0.02%
HNI	B	0.02%	0.01%	0.01%
HPQ	B	0.28%	0.19%	0.19%
HRL	D	0.02%	0.05%	0.02%
HSY	F	0.05%	0.14%	0.05%
HUBB	B	0.03%	0.12%	0.03%
IBM	C	1.05%	1.02%	1.02%
ICE	C	0.29%	0.48%	0.29%
IEX	B	0.09%	0.09%	0.09%
INGR	B	0.07%	0.05%	0.05%
IOSP	B	0.02%	0.01%	0.01%
ITT	A	0.08%	0.06%	0.06%
ITW	B	0.1%	0.38%	0.1%
JBHT	C	0.02%	0.08%	0.02%
JKHY	D	0.1%	0.07%	0.07%
JNJ	D	1.18%	2.07%	1.18%
JPM	A	0.99%	3.4%	0.99%
KLAC	D	0.23%	0.48%	0.23%
KO	D	1.0%	1.36%	1.0%
KR	B	0.38%	0.14%	0.14%
LAD	A	0.02%	0.05%	0.02%
LANC	C	0.04%	0.02%	0.02%
LECO	B	0.06%	0.06%	0.06%
LHX	C	0.26%	0.25%	0.25%
LII	A	0.21%	0.1%	0.1%
LMT	D	0.75%	0.64%	0.64%
LNT	A	0.02%	0.08%	0.02%
LOW	D	0.35%	0.81%	0.35%
MA	C	0.28%	2.23%	0.28%
MAN	D	0.03%	0.02%	0.02%
MAS	D	0.06%	0.1%	0.06%
MATX	C	0.03%	0.03%	0.03%
MCD	D	0.53%	1.13%	0.53%
MCK	B	0.63%	0.35%	0.35%
MCO	B	0.15%	0.38%	0.15%
MDLZ	F	0.23%	0.5%	0.23%
MET	A	0.32%	0.25%	0.25%
MKC	D	0.05%	0.11%	0.05%
MKTX	D	0.02%	0.06%	0.02%
MMC	B	0.2%	0.58%	0.2%
MORN	B	0.03%	0.05%	0.03%
MRK	F	0.84%	1.39%	0.84%
MSA	D	0.02%	0.04%	0.02%
MSI	B	0.2%	0.4%	0.2%
NDAQ	A	0.05%	0.16%	0.05%
NDSN	B	0.04%	0.07%	0.04%
NEE	D	0.22%	0.88%	0.22%
NFG	A	0.05%	0.03%	0.03%
NKE	D	0.06%	0.5%	0.06%
NOC	D	0.35%	0.38%	0.35%
NSP	D	0.02%	0.02%	0.02%
NUE	C	0.08%	0.18%	0.08%
ORCL	B	1.52%	1.44%	1.44%
OSK	B	0.04%	0.04%	0.04%
PAYX	C	0.04%	0.24%	0.04%
PB	A	0.01%	0.04%	0.01%
PEP	F	0.74%	1.23%	0.74%
PFG	D	0.01%	0.09%	0.01%
PG	A	1.01%	2.1%	1.01%
PKG	A	0.1%	0.11%	0.1%
PNC	B	0.12%	0.4%	0.12%
PNR	A	0.02%	0.09%	0.02%
POOL	C	0.07%	0.07%	0.07%
PPG	F	0.04%	0.16%	0.04%
PSX	C	0.23%	0.28%	0.23%
QCOM	F	0.77%	0.97%	0.77%
R	B	0.07%	0.03%	0.03%
RGA	A	0.06%	0.07%	0.06%
RGLD	C	0.04%	0.05%	0.04%
RHI	B	0.02%	0.04%	0.02%
RLI	B	0.03%	0.04%	0.03%
RMD	C	0.16%	0.19%	0.16%
ROP	B	0.06%	0.31%	0.06%
RPM	A	0.13%	0.09%	0.09%
RS	B	0.04%	0.08%	0.04%
RSG	A	0.13%	0.22%	0.13%
SBUX	A	0.09%	0.6%	0.09%
SCI	B	0.07%	0.06%	0.06%
SCL	C	0.01%	0.01%	0.01%
SEIC	B	0.09%	0.04%	0.04%
SHW	A	0.22%	0.45%	0.22%
SIGI	C	0.01%	0.03%	0.01%
SJM	D	0.04%	0.06%	0.04%
SLGN	A	0.05%	0.02%	0.02%
SON	D	0.04%	0.03%	0.03%
SPGI	C	0.29%	0.83%	0.29%
SRE	A	0.08%	0.28%	0.08%
SSB	B	0.01%	0.04%	0.01%
STE	F	0.07%	0.12%	0.07%
STLD	B	0.04%	0.1%	0.04%
SYY	B	0.12%	0.2%	0.12%
TGT	F	0.74%	0.37%	0.37%
THG	A	0.05%	0.03%	0.03%
THO	B	0.07%	0.03%	0.03%
TKR	D	0.04%	0.03%	0.03%
TRV	B	0.2%	0.3%	0.2%
TSCO	D	0.11%	0.15%	0.11%
TSN	B	0.18%	0.09%	0.09%
TTC	D	0.06%	0.04%	0.04%
TXN	C	0.29%	1.0%	0.29%
UFPI	B	0.07%	0.04%	0.04%
UNH	C	0.79%	2.8%	0.79%
UNM	A	0.04%	0.06%	0.04%
UNP	C	0.51%	0.76%	0.51%
V	A	0.31%	2.5%	0.31%
VLTO	D	0.04%	0.14%	0.04%
WM	A	0.28%	0.42%	0.28%
WMT	A	1.71%	1.91%	1.71%
WOR	F	0.01%	0.01%	0.01%
WRB	A	0.02%	0.09%	0.02%
WSM	B	0.18%	0.09%	0.09%
WSO	A	0.17%	0.1%	0.1%
WST	C	0.05%	0.12%	0.05%
WTFC	A	0.01%	0.04%	0.01%
XOM	B	0.43%	2.82%	0.43%
XYL	D	0.1%	0.16%	0.1%
ZION	B	0.02%	0.04%	0.02%
ZTS	D	0.05%	0.44%	0.05%

MFUS Overweight 600 Positions Relative to VIG

Symbol	Grade	Weight
BRK.A	B	2.42%
LLY	F	2.39%
META	D	2.35%
NVDA	C	1.9%
AMZN	C	1.71%
VZ	C	1.0%
WFC	A	0.97%
GILD	C	0.87%
PM	B	0.87%
MO	A	0.73%
T	A	0.73%
C	A	0.69%
CVS	D	0.65%
MMM	D	0.6%
PGR	A	0.59%
PFE	D	0.57%
GE	D	0.56%
AMAT	F	0.55%
NFLX	A	0.52%
TMUS	B	0.43%
BKNG	A	0.42%
BMY	B	0.41%
GM	B	0.4%
CVX	A	0.39%
TJX	A	0.37%
NOW	A	0.36%
EBAY	D	0.36%
REGN	F	0.36%
MPC	D	0.34%
AIG	B	0.34%
SYF	B	0.31%
CHTR	C	0.3%
ISRG	A	0.29%
COF	B	0.29%
THC	D	0.28%
TMO	F	0.28%
AZO	C	0.28%
FICO	B	0.25%
PANW	C	0.25%
HCA	F	0.25%
SFM	A	0.25%
ANF	C	0.25%
UPS	C	0.24%
AXP	A	0.23%
PLTR	B	0.23%
PRU	A	0.23%
VST	B	0.23%
RTX	C	0.22%
MS	A	0.22%
VRTX	F	0.22%
UBER	D	0.21%
BBY	D	0.21%
INTC	D	0.2%
BSX	B	0.2%
ORLY	B	0.2%
CMG	B	0.2%
FI	A	0.19%
UTHR	C	0.19%
EA	A	0.18%
DECK	A	0.17%
HWM	A	0.17%
LRCX	F	0.17%
GIS	D	0.17%
NEM	D	0.16%
MU	D	0.16%
F	C	0.16%
DVA	B	0.16%
MUSA	A	0.16%
VLO	C	0.16%
KMB	D	0.16%
SPG	B	0.16%
VRSK	A	0.16%
TDG	D	0.15%
KHC	F	0.15%
IT	C	0.15%
K	A	0.15%
LYB	F	0.15%
KKR	A	0.15%
ANET	C	0.14%
VTRS	A	0.14%
PH	A	0.14%
BX	A	0.13%
SO	D	0.13%
DUK	C	0.13%
JNPR	F	0.13%
AMT	D	0.13%
CI	F	0.13%
YUM	B	0.13%
IRM	D	0.12%
WELL	A	0.12%
WBA	F	0.12%
GDDY	A	0.12%
PWR	A	0.12%
PYPL	B	0.12%
CW	B	0.11%
GEN	B	0.11%
CEG	D	0.11%
KMI	A	0.11%
TRGP	B	0.11%
USB	A	0.11%
CRS	A	0.11%
WTW	B	0.11%
HPE	B	0.11%
DASH	A	0.11%
ALSN	B	0.11%
EFX	F	0.11%
EXR	D	0.11%
BWXT	B	0.11%
APP	B	0.11%
LDOS	C	0.11%
FOXA	B	0.11%
PHM	D	0.1%
OKE	A	0.1%
COIN	C	0.1%
NTAP	C	0.1%
HLT	A	0.1%
AYI	B	0.1%
JXN	C	0.1%
WMB	A	0.1%
DD	D	0.1%
RCL	A	0.1%
TFC	A	0.09%
CPRT	A	0.09%
TAP	C	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%
IR	B	0.09%
DLR	B	0.09%
TROW	B	0.09%
ADSK	A	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%
GPI	A	0.09%
PSA	D	0.09%
HRB	D	0.08%
BKR	B	0.08%
AEP	D	0.08%
LPX	B	0.08%
WDC	D	0.08%
DKS	C	0.08%
SLG	B	0.08%
GPK	C	0.08%
ABG	B	0.08%
TYL	B	0.08%
MTD	D	0.08%
HLI	B	0.08%
EQH	B	0.08%
BIIB	F	0.07%
ROL	B	0.07%
GLPI	C	0.07%
MSCI	C	0.07%
EXC	C	0.07%
LPLA	A	0.07%
JCI	C	0.07%
EXP	A	0.07%
CCI	D	0.07%
COP	C	0.07%
BCC	B	0.07%
NSC	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%
NRG	B	0.07%
FTNT	C	0.07%
BALL	D	0.07%
KDP	D	0.07%
AEO	F	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	B	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%
JLL	D	0.06%
GNRC	B	0.06%
CPT	B	0.06%
BERY	B	0.06%
KTB	B	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%
PEG	A	0.06%
MTH	D	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%
FFIV	B	0.06%
AMG	B	0.06%
AN	C	0.06%
MSM	C	0.06%
OMC	C	0.06%
TOL	B	0.06%
ALNY	D	0.06%
LEN	D	0.06%
TDS	B	0.05%
PRIM	A	0.05%
FANG	D	0.05%
FLEX	A	0.05%
AR	B	0.05%
ETR	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%
A	D	0.05%
GNTX	C	0.05%
MTN	C	0.05%
CBRE	B	0.05%
EXEL	B	0.05%
CARR	D	0.05%
CRI	D	0.05%
USFD	A	0.05%
EIX	B	0.05%
POST	C	0.05%
COOP	B	0.05%
SCHW	B	0.05%
TEX	D	0.05%
LAMR	D	0.05%
KD	B	0.05%
IDXX	F	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%
WAB	B	0.05%
MMS	F	0.05%
WAT	B	0.05%
SMCI	F	0.05%
BTU	B	0.05%
ED	D	0.05%
O	D	0.05%
XPO	B	0.04%
EQR	B	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%
CTVA	C	0.04%
PSTG	D	0.04%
AGNC	D	0.04%
BDC	B	0.04%
SLVM	B	0.04%
CLH	B	0.04%
ADBE	C	0.04%
WH	B	0.04%
ELS	C	0.04%
FL	F	0.04%
MTB	A	0.04%
ULTA	F	0.04%
OLN	D	0.04%
CFG	B	0.04%
ARW	D	0.04%
CAG	D	0.04%
CPNG	D	0.04%
RUSHA	C	0.04%
TRN	C	0.04%
SANM	B	0.04%
VTR	C	0.04%
BLDR	D	0.04%
CVLT	B	0.04%
NBIX	C	0.04%
VRSN	F	0.04%
BAX	D	0.04%
NWSA	B	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%
IPG	D	0.04%
MAC	B	0.04%
CPB	D	0.04%
GBX	A	0.04%
HUBG	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
CNC	D	0.04%
ZBRA	B	0.04%
CRBG	B	0.04%
EME	C	0.04%
HOOD	B	0.04%
JHG	A	0.04%
CMA	A	0.04%
AROC	B	0.04%
WERN	C	0.04%
MAR	B	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	D	0.03%
SBAC	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%
KEY	B	0.03%
WPC	D	0.03%
HAE	C	0.03%
UNF	B	0.03%
PINC	B	0.03%
APAM	B	0.03%
VC	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%
NTRS	A	0.03%
TER	D	0.03%
DELL	C	0.03%
UDR	B	0.03%
PLXS	B	0.03%
WHR	B	0.03%
CG	A	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
IFF	D	0.03%
ASO	F	0.03%
SHOO	D	0.03%
JBL	B	0.03%
AVB	B	0.03%
AVA	A	0.03%
DBRG	F	0.03%
LW	C	0.03%
HSIC	B	0.03%
HOLX	D	0.03%
COHR	B	0.03%
RL	B	0.03%
FE	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	0.03%
BLD	D	0.03%
KBH	D	0.03%
GNW	A	0.03%
SM	B	0.03%
HBAN	A	0.03%
IVZ	B	0.03%
CPAY	A	0.03%
MC	C	0.03%
MASI	A	0.03%
ES	D	0.03%
TPX	B	0.03%
NYT	C	0.03%
BJ	A	0.03%
ACM	A	0.03%
MANH	D	0.03%
ODP	F	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%
KIM	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%
BEN	C	0.02%
RF	A	0.02%
WAL	B	0.02%
AXTA	A	0.02%
BXP	D	0.02%
APG	B	0.02%
DOW	F	0.02%
SNV	B	0.02%
HP	B	0.02%
VFC	C	0.02%
ODFL	B	0.02%
HST	C	0.02%
DNOW	B	0.02%
REZI	A	0.02%
PMT	D	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%
KBR	F	0.02%
JBLU	F	0.02%
PFSI	D	0.02%
VVV	F	0.02%
THS	D	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%
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%
EWBC	A	0.02%
NTCT	C	0.02%
VSCO	B	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	B	0.02%
RYN	D	0.02%
AKAM	D	0.02%
ADNT	F	0.02%
ORA	B	0.02%
MTG	C	0.02%
TFX	F	0.02%
GEF	A	0.02%
NEU	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%
MLKN	D	0.01%
IGT	F	0.01%
CACC	D	0.01%
PARA	C	0.01%
RVTY	F	0.01%
ARI	C	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%
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%
CNM	D	0.01%
SAIC	F	0.01%
OMI	F	0.01%
FDP	B	0.01%
LEA	D	0.01%
WAFD	B	0.01%
CROX	D	0.01%
DY	D	0.01%
SPB	C	0.01%
PPC	C	0.01%
NNN	D	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	D	0.01%
ESNT	D	0.01%
TPR	B	0.01%
DXC	B	0.01%
IDCC	A	0.01%
LADR	B	0.01%
INCY	C	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	B	0.01%
CWEN	C	0.01%
ONB	B	0.01%
WWD	B	0.01%
TTEK	F	0.01%
MUR	D	0.01%
CR	A	0.01%
ICUI	D	0.01%
BMRN	D	0.01%
TNET	D	0.01%
FYBR	D	0.01%
HE	C	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%
BWA	D	0.01%
SLB	C	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 120 Positions Relative to VIG

Symbol	Grade	Weight
MSFT	F	-3.62%
LIN	D	-1.18%
ABT	B	-1.06%
INTU	C	-0.92%
HON	B	-0.72%
ETN	A	-0.71%
SYK	C	-0.66%
MDT	D	-0.62%
ADI	D	-0.6%
APD	A	-0.37%
MCHP	D	-0.21%
XEL	A	-0.2%
VMC	B	-0.19%
HUM	C	-0.17%
ROK	B	-0.16%
AWK	D	-0.15%
RJF	A	-0.15%
STT	A	-0.15%
TPL	A	-0.12%
CBOE	B	-0.12%
GPC	D	-0.09%
SNA	A	-0.09%
SWK	D	-0.08%
RBA	A	-0.08%
ALLE	D	-0.07%
RNR	C	-0.07%
CHDN	B	-0.06%
RRX	B	-0.06%
ALB	C	-0.06%
ENSG	D	-0.05%
AIT	A	-0.05%
AFG	A	-0.05%
PRI	A	-0.05%
GL	B	-0.05%
WTRG	B	-0.05%
SSD	D	-0.04%
ORI	A	-0.04%
FFIN	B	-0.03%
EXPO	D	-0.03%
UMBF	B	-0.03%
HOMB	A	-0.03%
WTS	B	-0.03%
BCPC	B	-0.03%
IDA	A	-0.03%
BMI	B	-0.03%
AXS	A	-0.03%
LFUS	F	-0.03%
MGRC	B	-0.02%
WSFS	A	-0.02%
CWT	D	-0.02%
AWR	B	-0.02%
CBU	B	-0.02%
MGEE	C	-0.02%
OTTR	C	-0.02%
IBOC	A	-0.02%
AUB	B	-0.02%
POWI	D	-0.02%
PRGO	B	-0.02%
WDFC	B	-0.02%
PII	D	-0.02%
KAI	A	-0.02%
FUL	F	-0.02%
AGO	B	-0.02%
ASH	D	-0.02%
AVNT	B	-0.02%
WLK	D	-0.02%
NJR	A	-0.02%
AL	B	-0.02%
OZK	B	-0.02%
SRCE	B	-0.01%
AMSF	B	-0.01%
MSEX	B	-0.01%
GABC	B	-0.01%
LNN	B	-0.01%
WS	B	-0.01%
WABC	B	-0.01%
NHC	C	-0.01%
TCBK	B	-0.01%
HMN	B	-0.01%
CABO	C	-0.01%
SJW	D	-0.01%
LKFN	B	-0.01%
TNC	D	-0.01%
AGM	C	-0.01%
CHCO	B	-0.01%
SYBT	B	-0.01%
LMAT	A	-0.01%
HI	C	-0.01%
HWKN	B	-0.01%
WLY	B	-0.01%
KWR	C	-0.01%
NBTB	B	-0.01%
BANF	B	-0.01%
MTRN	C	-0.01%
SXI	B	-0.01%
FRME	B	-0.01%
TOWN	B	-0.01%
BOKF	B	-0.01%
JJSF	B	-0.01%
CPK	A	-0.01%
INDB	B	-0.01%
GFF	A	-0.01%
JOUT	D	-0.0%
HVT	D	-0.0%
ARTNA	D	-0.0%
HIFS	B	-0.0%
TR	B	-0.0%
GSBC	B	-0.0%
YORW	D	-0.0%
CASS	B	-0.0%
SMBC	B	-0.0%
SCVL	F	-0.0%
FMBH	B	-0.0%
FCBC	B	-0.0%
HY	D	-0.0%
SPTN	D	-0.0%
MATW	C	-0.0%
GRC	A	-0.0%
EMBC	C	-0.0%
MNRO	D	-0.0%