MFUS vs. VYM ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

$50.17

Average Daily Volume

7,445

Number of Holdings ^*

780

* may have additional holdings in another (foreign) market

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSEÂ® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$127.00

Average Daily Volume

785,793

Number of Holdings ^*

538

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	VYM
30 Days	2.28%	2.71%
60 Days	3.87%	4.00%
90 Days	5.63%	7.55%
12 Months	30.76%	24.77%

317 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in VYM	Overlap
AAP	F	0.01%	0.02%	0.01%
ABBV	C	1.34%	1.98%	1.34%
ABM	D	0.04%	0.02%	0.02%
ACI	F	0.01%	0.05%	0.01%
ADM	D	0.32%	0.17%	0.17%
ADP	B	0.09%	0.65%	0.09%
AES	C	0.03%	0.07%	0.03%
AFG	B	0.01%	0.05%	0.01%
AFL	C	0.19%	0.36%	0.19%
AGCO	D	0.02%	0.03%	0.02%
AIG	D	0.42%	0.3%	0.3%
AIZ	B	0.07%	0.06%	0.06%
ALL	B	0.36%	0.28%	0.28%
ALLY	D	0.1%	0.07%	0.07%
AMGN	B	1.03%	1.02%	1.02%
AMP	B	0.08%	0.26%	0.08%
APAM	C	0.02%	0.01%	0.01%
APO	B	0.1%	0.34%	0.1%
APOG	C	0.02%	0.01%	0.01%
ARCH	F	0.01%	0.01%	0.01%
ARES	A	0.09%	0.15%	0.09%
AROC	D	0.03%	0.02%	0.02%
AVA	C	0.03%	0.02%	0.02%
AVGO	C	1.34%	4.22%	1.34%
AVT	C	0.04%	0.03%	0.03%
BAC	D	0.39%	1.58%	0.39%
BAX	C	0.04%	0.11%	0.04%
BBWI	F	0.02%	0.04%	0.02%
BBY	C	0.24%	0.12%	0.12%
BC	C	0.06%	0.03%	0.03%
BEN	F	0.04%	0.03%	0.03%
BERY	C	0.06%	0.05%	0.05%
BHE	C	0.01%	0.01%	0.01%
BK	A	0.27%	0.29%	0.27%
BKE	C	0.02%	0.01%	0.01%
BKR	C	0.16%	0.2%	0.16%
BKU	D	0.03%	0.02%	0.02%
BMY	C	0.28%	0.58%	0.28%
BTU	D	0.04%	0.02%	0.02%
BX	B	0.23%	0.58%	0.23%
C	D	1.22%	0.68%	0.68%
CACC	F	0.01%	0.02%	0.01%
CADE	C	0.01%	0.03%	0.01%
CAG	C	0.05%	0.08%	0.05%
CAH	C	0.35%	0.16%	0.16%
CALM	A	0.07%	0.02%	0.02%
CAT	B	0.41%	0.99%	0.41%
CB	B	0.16%	0.66%	0.16%
CBRL	D	0.01%	0.0%	0.0%
CBSH	D	0.01%	0.04%	0.01%
CBT	B	0.05%	0.03%	0.03%
CC	F	0.02%	0.02%	0.02%
CE	F	0.07%	0.07%	0.07%
CFG	C	0.06%	0.11%	0.06%
CG	D	0.02%	0.05%	0.02%
CHRD	F	0.02%	0.05%	0.02%
CHRW	A	0.09%	0.07%	0.07%
CI	C	0.14%	0.57%	0.14%
CINF	C	0.02%	0.12%	0.02%
CL	C	0.33%	0.49%	0.33%
CLX	C	0.15%	0.09%	0.09%
CMA	A	0.04%	0.04%	0.04%
CMCSA	D	0.24%	0.88%	0.24%
CMI	C	0.11%	0.24%	0.11%
CNO	A	0.04%	0.02%	0.02%
COP	D	0.3%	0.76%	0.3%
CPB	B	0.01%	0.05%	0.01%
CRBG	D	0.04%	0.04%	0.04%
CRI	D	0.06%	0.01%	0.01%
CRS	A	0.1%	0.04%	0.04%
CSCO	B	0.42%	1.17%	0.42%
CSGS	C	0.01%	0.01%	0.01%
CTRA	D	0.02%	0.1%	0.02%
CVI	F	0.01%	0.0%	0.0%
CVS	F	0.8%	0.41%	0.41%
CVX	D	0.79%	1.41%	0.79%
CWEN	B	0.01%	0.01%	0.01%
CWEN	B	0.01%	0.01%	0.01%
DAN	F	0.01%	0.01%	0.01%
DD	B	0.21%	0.2%	0.2%
DDS	D	0.03%	0.01%	0.01%
DFS	B	0.08%	0.2%	0.08%
DGX	C	0.06%	0.1%	0.06%
DINO	F	0.03%	0.05%	0.03%
DK	F	0.03%	0.01%	0.01%
DKS	D	0.09%	0.08%	0.08%
DOW	D	0.04%	0.21%	0.04%
DOX	C	0.03%	0.06%	0.03%
DRI	B	0.03%	0.11%	0.03%
DTM	A	0.01%	0.04%	0.01%
DUK	B	0.13%	0.5%	0.13%
EBAY	B	0.34%	0.17%	0.17%
EMN	B	0.06%	0.07%	0.06%
EMR	D	0.15%	0.34%	0.15%
EOG	D	0.11%	0.42%	0.11%
EQH	C	0.07%	0.08%	0.07%
ESNT	B	0.01%	0.04%	0.01%
ETN	C	0.18%	0.7%	0.18%
EVR	A	0.12%	0.05%	0.05%
EVRG	B	0.01%	0.07%	0.01%
EWBC	D	0.02%	0.07%	0.02%
EXC	B	0.12%	0.22%	0.12%
F	F	0.33%	0.25%	0.25%
FAF	C	0.02%	0.04%	0.02%
FANG	D	0.04%	0.2%	0.04%
FAST	C	0.1%	0.22%	0.1%
FHN	D	0.01%	0.05%	0.01%
FIS	B	0.08%	0.26%	0.08%
FITB	B	0.05%	0.17%	0.05%
FLO	C	0.04%	0.02%	0.02%
FLS	D	0.02%	0.04%	0.02%
FNF	B	0.03%	0.09%	0.03%
FOXA	B	0.08%	0.06%	0.06%
GAP	F	0.07%	0.03%	0.03%
GATX	D	0.04%	0.03%	0.03%
GBX	C	0.03%	0.01%	0.01%
GD	B	0.17%	0.47%	0.17%
GEF	D	0.02%	0.01%	0.01%
GES	F	0.02%	0.0%	0.0%
GILD	B	0.78%	0.56%	0.56%
GIS	B	0.11%	0.23%	0.11%
GLW	B	0.2%	0.18%	0.18%
GPC	D	0.02%	0.11%	0.02%
GS	C	0.45%	0.92%	0.45%
HAL	F	0.04%	0.16%	0.04%
HBAN	B	0.03%	0.12%	0.03%
HD	A	0.39%	2.08%	0.39%
HIG	B	0.06%	0.2%	0.06%
HII	D	0.02%	0.06%	0.02%
HLI	A	0.08%	0.05%	0.05%
HNI	C	0.02%	0.01%	0.01%
HOG	C	0.02%	0.03%	0.02%
HP	D	0.03%	0.02%	0.02%
HPE	D	0.2%	0.14%	0.14%
HPQ	D	0.27%	0.2%	0.2%
HRB	C	0.09%	0.05%	0.05%
HRL	D	0.01%	0.05%	0.01%
HSY	D	0.06%	0.16%	0.06%
HUBB	A	0.08%	0.12%	0.08%
HUN	D	0.01%	0.02%	0.01%
IBM	A	1.32%	0.97%	0.97%
IFF	C	0.03%	0.15%	0.03%
IGT	D	0.02%	0.01%	0.01%
INGR	B	0.06%	0.05%	0.05%
INTC	F	0.36%	0.54%	0.36%
IP	C	0.12%	0.1%	0.1%
IPG	C	0.07%	0.07%	0.07%
ITW	C	0.08%	0.43%	0.08%
IVZ	B	0.05%	0.04%	0.04%
JEF	B	0.03%	0.06%	0.03%
JHG	B	0.03%	0.03%	0.03%
JNJ	C	1.03%	2.28%	1.03%
JNPR	A	0.13%	0.07%	0.07%
JPM	D	0.9%	3.67%	0.9%
JWN	B	0.03%	0.01%	0.01%
JXN	B	0.09%	0.04%	0.04%
K	A	0.1%	0.12%	0.1%
KALU	F	0.01%	0.01%	0.01%
KDP	B	0.06%	0.22%	0.06%
KEY	B	0.02%	0.09%	0.02%
KHC	C	0.16%	0.18%	0.16%
KMB	D	0.16%	0.28%	0.16%
KMI	A	0.08%	0.24%	0.08%
KMPR	D	0.02%	0.02%	0.02%
KO	B	0.6%	1.6%	0.6%
KR	C	0.34%	0.2%	0.2%
KSS	F	0.06%	0.01%	0.01%
KTB	A	0.05%	0.02%	0.02%
LANC	D	0.04%	0.02%	0.02%
LEA	F	0.03%	0.04%	0.03%
LEG	D	0.02%	0.01%	0.01%
LHX	C	0.19%	0.25%	0.19%
LMT	B	0.52%	0.69%	0.52%
LNC	D	0.05%	0.03%	0.03%
LOW	A	0.23%	0.81%	0.23%
LYB	F	0.21%	0.15%	0.15%
LZB	B	0.02%	0.01%	0.01%
M	F	0.04%	0.02%	0.02%
MAN	C	0.04%	0.02%	0.02%
MC	B	0.03%	0.03%	0.03%
MCD	B	0.4%	1.19%	0.4%
MCY	D	0.02%	0.01%	0.01%
MDLZ	C	0.22%	0.55%	0.22%
MDU	B	0.03%	0.03%	0.03%
MET	A	0.36%	0.26%	0.26%
MKC	C	0.08%	0.11%	0.08%
MLKN	F	0.01%	0.01%	0.01%
MMM	A	0.41%	0.42%	0.41%
MO	C	0.52%	0.53%	0.52%
MOS	F	0.04%	0.05%	0.04%
MPC	D	0.64%	0.36%	0.36%
MRK	D	0.87%	1.71%	0.87%
MRO	C	0.1%	0.09%	0.09%
MSM	D	0.06%	0.02%	0.02%
MTB	A	0.03%	0.16%	0.03%
MTG	B	0.04%	0.04%	0.04%
MTN	D	0.05%	0.04%	0.04%
MUR	F	0.05%	0.03%	0.03%
NAVI	C	0.03%	0.01%	0.01%
NEM	B	0.09%	0.35%	0.09%
NFG	B	0.04%	0.03%	0.03%
NOMD	B	0.0%	0.01%	0.0%
NRG	A	0.07%	0.1%	0.07%
NSP	D	0.02%	0.02%	0.02%
NTAP	D	0.08%	0.14%	0.08%
NTRS	B	0.02%	0.11%	0.02%
NVT	D	0.02%	0.06%	0.02%
NWL	D	0.02%	0.02%	0.02%
NXST	D	0.05%	0.03%	0.03%
OGN	D	0.08%	0.03%	0.03%
OKE	B	0.08%	0.31%	0.08%
OMC	B	0.06%	0.11%	0.06%
OMF	D	0.03%	0.03%	0.03%
ONB	C	0.01%	0.04%	0.01%
OSK	D	0.07%	0.04%	0.04%
PAG	D	0.04%	0.02%	0.02%
PARA	F	0.02%	0.03%	0.02%
PAYX	C	0.03%	0.24%	0.03%
PBF	F	0.06%	0.02%	0.02%
PCAR	D	0.08%	0.28%	0.08%
PDCO	F	0.03%	0.01%	0.01%
PEG	A	0.05%	0.23%	0.05%
PEP	D	0.62%	1.35%	0.62%
PFE	C	0.53%	0.94%	0.53%
PFG	B	0.01%	0.11%	0.01%
PG	C	0.88%	2.31%	0.88%
PGR	A	0.5%	0.84%	0.5%
PHIN	C	0.01%	0.01%	0.01%
PINC	D	0.02%	0.01%	0.01%
PKG	B	0.05%	0.11%	0.05%
PM	C	0.56%	1.09%	0.56%
PNC	A	0.1%	0.42%	0.1%
PNM	B	0.02%	0.02%	0.02%
PPG	D	0.04%	0.17%	0.04%
PR	D	0.04%	0.05%	0.04%
PRU	C	0.25%	0.25%	0.25%
PSX	D	0.54%	0.34%	0.34%
PTEN	F	0.01%	0.02%	0.01%
QCOM	F	0.62%	1.12%	0.62%
R	B	0.06%	0.04%	0.04%
RGA	B	0.05%	0.08%	0.05%
RHI	D	0.02%	0.04%	0.02%
RL	B	0.04%	0.04%	0.04%
RLI	B	0.03%	0.04%	0.03%
RPM	B	0.11%	0.08%	0.08%
RPRX	D	0.03%	0.06%	0.03%
RRC	D	0.04%	0.04%	0.04%
RS	D	0.08%	0.09%	0.08%
SBUX	C	0.06%	0.61%	0.06%
SCCO	D	0.01%	0.05%	0.01%
SCHL	D	0.01%	0.0%	0.0%
SCS	D	0.01%	0.01%	0.01%
SEE	D	0.06%	0.03%	0.03%
SEM	D	0.03%	0.02%	0.02%
SF	A	0.01%	0.05%	0.01%
SHOO	B	0.03%	0.02%	0.02%
SJM	C	0.03%	0.07%	0.03%
SLB	F	0.09%	0.36%	0.09%
SLM	D	0.06%	0.03%	0.03%
SLVM	A	0.03%	0.02%	0.02%
SMG	C	0.04%	0.02%	0.02%
SNV	C	0.01%	0.04%	0.01%
SON	D	0.04%	0.03%	0.03%
SPB	B	0.01%	0.02%	0.01%
STRA	F	0.01%	0.01%	0.01%
SWX	C	0.01%	0.03%	0.01%
SXT	C	0.02%	0.02%	0.02%
SYF	C	0.29%	0.11%	0.11%
SYY	D	0.07%	0.22%	0.07%
T	C	1.23%	0.81%	0.81%
TAP	D	0.08%	0.05%	0.05%
TDS	C	0.03%	0.01%	0.01%
TFC	D	0.09%	0.34%	0.09%
TGNA	C	0.04%	0.01%	0.01%
TGT	C	0.68%	0.4%	0.4%
THG	C	0.04%	0.03%	0.03%
TPR	C	0.01%	0.05%	0.01%
TRGP	B	0.13%	0.18%	0.13%
TRN	D	0.03%	0.02%	0.02%
TROW	D	0.08%	0.13%	0.08%
TRV	B	0.32%	0.3%	0.3%
TSN	D	0.22%	0.1%	0.1%
TXN	C	0.21%	1.11%	0.21%
UNM	B	0.1%	0.06%	0.06%
UNP	C	0.48%	0.89%	0.48%
UPS	F	0.19%	0.53%	0.19%
USB	B	0.11%	0.37%	0.11%
UVV	D	0.01%	0.01%	0.01%
VFC	C	0.02%	0.04%	0.02%
VIRT	C	0.05%	0.01%	0.01%
VLO	F	0.54%	0.27%	0.27%
VSH	F	0.03%	0.01%	0.01%
VST	A	0.26%	0.17%	0.17%
VTRS	D	0.13%	0.08%	0.08%
VZ	B	1.01%	1.0%	1.0%
WAFD	C	0.01%	0.01%	0.01%
WAL	B	0.01%	0.05%	0.01%
WBA	F	0.14%	0.04%	0.04%
WBS	D	0.01%	0.05%	0.01%
WEN	D	0.05%	0.02%	0.02%
WFC	D	1.4%	1.17%	1.17%
WGO	D	0.01%	0.01%	0.01%
WH	B	0.03%	0.04%	0.03%
WHR	C	0.04%	0.03%	0.03%
WM	D	0.23%	0.48%	0.23%
WMB	B	0.08%	0.32%	0.08%
WMK	C	0.01%	0.01%	0.01%
WMT	B	1.87%	1.91%	1.87%
WOR	F	0.01%	0.01%	0.01%
WRB	C	0.02%	0.11%	0.02%
WSM	D	0.21%	0.1%	0.1%
WSO	C	0.2%	0.09%	0.09%
WU	D	0.08%	0.02%	0.02%
XOM	D	0.99%	3.02%	0.99%
XRX	F	0.02%	0.01%	0.01%
YUM	F	0.1%	0.22%	0.1%
ZION	D	0.03%	0.04%	0.03%

MFUS Overweight 464 Positions Relative to VYM

Symbol	Grade	Weight
LLY	C	2.48%
META	A	2.02%
BRK.A	C	2.01%
NVDA	D	1.6%
AMZN	C	1.27%
COST	B	1.21%
GOOGL	D	1.17%
ORCL	B	1.13%
GE	A	1.09%
V	C	0.86%
MA	B	0.79%
AAPL	C	0.67%
GM	B	0.56%
MCK	F	0.51%
BKNG	B	0.47%
REGN	C	0.45%
NFLX	B	0.44%
AMAT	D	0.44%
COF	A	0.42%
NOW	A	0.37%
CRM	D	0.35%
TJX	C	0.34%
TMUS	C	0.31%
AZO	D	0.3%
ICE	C	0.29%
DHR	C	0.27%
THC	B	0.27%
LRCX	F	0.27%
INTU	C	0.26%
ANF	D	0.26%
PANW	C	0.25%
CHTR	D	0.24%
LII	B	0.23%
NOC	A	0.23%
KLAC	D	0.23%
CMG	C	0.22%
FICO	B	0.22%
SHW	B	0.21%
UBER	C	0.21%
VRTX	D	0.21%
CME	C	0.2%
VRSK	D	0.2%
BSX	B	0.19%
AXP	B	0.19%
MMC	C	0.19%
ACN	C	0.19%
CPRT	D	0.19%
SFM	B	0.19%
AON	B	0.19%
CTAS	C	0.18%
DVA	B	0.18%
DPZ	D	0.18%
ORLY	D	0.18%
PHM	B	0.17%
DECK	D	0.17%
MUSA	D	0.17%
GWW	A	0.17%
IT	A	0.16%
BR	D	0.16%
SCHW	D	0.16%
UTHR	C	0.16%
SPG	A	0.15%
MU	F	0.15%
CASY	D	0.15%
MSI	B	0.15%
WDC	D	0.15%
TDG	B	0.15%
BAH	B	0.14%
SMCI	F	0.14%
KKR	A	0.13%
RSG	D	0.13%
RMD	C	0.13%
PWR	B	0.13%
BRO	C	0.13%
PH	A	0.13%
HCA	A	0.13%
WELL	C	0.12%
CARR	B	0.12%
HWM	B	0.12%
STE	C	0.12%
ANET	A	0.12%
AOS	D	0.11%
XYL	D	0.11%
MAR	C	0.11%
IRM	B	0.11%
GPK	B	0.1%
AVY	D	0.1%
TOL	B	0.1%
APH	C	0.1%
JKHY	C	0.1%
FTI	D	0.1%
GPI	B	0.09%
ERIE	B	0.09%
USFD	B	0.09%
AEO	D	0.09%
ADSK	C	0.09%
IR	C	0.09%
EA	D	0.09%
BDX	F	0.09%
DASH	B	0.09%
FCX	D	0.09%
CEG	A	0.09%
AJG	D	0.09%
URI	B	0.09%
EFX	C	0.09%
UHS	B	0.09%
GDDY	C	0.09%
CACI	B	0.09%
NUE	F	0.08%
WCC	D	0.08%
MTD	D	0.08%
LECO	F	0.08%
BIIB	F	0.08%
TYL	C	0.08%
MTH	C	0.08%
ALSN	B	0.08%
ITT	B	0.08%
ECL	A	0.08%
HLT	B	0.08%
RCL	A	0.08%
EHC	B	0.08%
LUMN	C	0.08%
BWXT	C	0.08%
TMHC	B	0.08%
LDOS	B	0.08%
IEX	D	0.08%
AN	D	0.08%
LEN	C	0.08%
ELV	C	0.08%
L	D	0.08%
MPWR	C	0.08%
DLR	B	0.08%
CW	A	0.08%
CSX	D	0.08%
LSTR	F	0.08%
PNR	B	0.08%
CHD	C	0.07%
JBL	D	0.07%
ABG	D	0.07%
POOL	D	0.07%
ARW	C	0.07%
CMC	D	0.07%
SLG	B	0.07%
TSCO	C	0.07%
CCK	A	0.07%
OTIS	C	0.07%
FCN	C	0.07%
OC	D	0.07%
SEIC	C	0.07%
NVR	B	0.07%
LPLA	F	0.07%
ATR	B	0.07%
GLPI	C	0.07%
EXPD	C	0.07%
TTC	D	0.07%
ROST	C	0.07%
TTWO	D	0.07%
EXR	B	0.07%
AYI	A	0.07%
MSCI	C	0.07%
BALL	C	0.07%
MMS	C	0.06%
TPX	C	0.06%
MNST	D	0.06%
PK	D	0.06%
KD	D	0.06%
VNO	B	0.06%
HCC	F	0.06%
FTNT	B	0.06%
IDXX	D	0.06%
CPT	B	0.06%
CHE	C	0.06%
MAS	B	0.06%
BCC	C	0.06%
MLM	D	0.06%
TEX	F	0.06%
NSIT	C	0.06%
X	D	0.06%
INVH	C	0.06%
SCI	C	0.06%
ROP	C	0.06%
SPGI	A	0.06%
GNTX	D	0.06%
VMC	D	0.06%
COIN	F	0.06%
MLI	B	0.06%
THO	D	0.06%
CNX	A	0.06%
NWSA	D	0.06%
LPX	B	0.06%
UFPI	C	0.06%
AMG	C	0.05%
ATGE	C	0.05%
CCL	C	0.05%
WAT	C	0.05%
CRUS	D	0.05%
BWA	D	0.05%
SKYW	C	0.05%
ATI	D	0.05%
ROL	C	0.05%
TKR	D	0.05%
LAMR	A	0.05%
LOPE	D	0.05%
WTW	C	0.05%
TW	B	0.05%
TXRH	C	0.05%
NYT	C	0.05%
PTC	D	0.05%
A	C	0.05%
FCNCA	D	0.05%
DELL	C	0.05%
IBKR	A	0.05%
SANM	D	0.05%
FL	D	0.05%
WPC	C	0.05%
POST	C	0.05%
FIX	A	0.05%
CPAY	C	0.05%
URBN	D	0.05%
G	C	0.05%
FDS	C	0.05%
SUI	C	0.05%
DG	F	0.05%
FLEX	C	0.05%
JLL	B	0.05%
CDW	D	0.05%
EXP	B	0.05%
MHO	B	0.05%
ANSS	D	0.05%
TPH	C	0.05%
APLE	C	0.04%
GEO	F	0.04%
LW	D	0.04%
SAIA	D	0.04%
OLN	D	0.04%
HUBG	C	0.04%
WTM	D	0.04%
FHI	B	0.04%
BLDR	C	0.04%
COLD	D	0.04%
VC	F	0.04%
AR	D	0.04%
XRAY	D	0.04%
AMH	C	0.04%
HEI	A	0.04%
RGLD	B	0.04%
GVA	B	0.04%
NBIX	F	0.04%
ENTG	D	0.04%
PVH	F	0.04%
GNW	B	0.04%
PINS	F	0.04%
ELS	C	0.04%
VRSN	D	0.04%
SEB	C	0.04%
AGNC	B	0.04%
FFIV	B	0.04%
MOG.A	B	0.04%
DCI	D	0.04%
ADBE	F	0.04%
HXL	F	0.04%
GGG	C	0.04%
ZTS	C	0.04%
STLD	D	0.04%
SRCL	B	0.04%
KBH	B	0.04%
ACM	B	0.04%
BDC	A	0.04%
NDSN	C	0.04%
WST	D	0.04%
NKE	D	0.04%
STZ	D	0.04%
GNRC	D	0.04%
SIG	C	0.04%
WAB	A	0.04%
NOV	D	0.04%
COOP	C	0.04%
CLH	A	0.04%
CUBE	B	0.04%
SLGN	B	0.04%
ULTA	D	0.04%
MAC	A	0.04%
AKAM	D	0.03%
NEU	D	0.03%
SSD	C	0.03%
OKTA	F	0.03%
TXT	D	0.03%
COKE	C	0.03%
HOOD	C	0.03%
VVV	D	0.03%
FR	C	0.03%
PRG	B	0.03%
MOH	D	0.03%
SBAC	C	0.03%
BRKR	D	0.03%
BURL	C	0.03%
AWI	B	0.03%
PRIM	B	0.03%
YELP	F	0.03%
SM	D	0.03%
UDR	C	0.03%
DBRG	D	0.03%
BFAM	B	0.03%
RUSHA	C	0.03%
AMKR	F	0.03%
MORN	B	0.03%
EQIX	B	0.03%
BJ	D	0.03%
WTS	C	0.03%
SBH	B	0.03%
MCO	A	0.03%
DLB	D	0.03%
TFX	C	0.03%
HBI	B	0.03%
HSIC	D	0.03%
GT	F	0.03%
MKL	C	0.03%
BLD	D	0.03%
MANH	A	0.03%
EME	A	0.03%
ACA	B	0.03%
FND	C	0.03%
BHF	D	0.03%
HOLX	C	0.03%
MSA	D	0.03%
XPO	D	0.03%
CVLT	B	0.03%
APP	B	0.03%
TER	D	0.03%
ASO	C	0.03%
APG	D	0.03%
UHAL	B	0.03%
PSTG	F	0.03%
GMS	D	0.03%
CPNG	A	0.03%
PSA	B	0.03%
OI	D	0.03%
AVTR	C	0.03%
CTVA	B	0.03%
ODFL	D	0.02%
TTEK	C	0.02%
BXP	B	0.02%
LXP	C	0.02%
SNDR	C	0.02%
ODP	F	0.02%
ANDE	D	0.02%
DORM	B	0.02%
CHDN	D	0.02%
OSIS	D	0.02%
HST	C	0.02%
SNAP	F	0.02%
BMRN	F	0.02%
SAM	F	0.02%
GWRE	A	0.02%
LBRDK	F	0.02%
DOV	B	0.02%
XHR	B	0.02%
AIT	B	0.02%
NTCT	C	0.02%
AA	D	0.02%
PMT	C	0.02%
DXC	C	0.02%
GHC	B	0.02%
EPC	F	0.02%
REZI	D	0.02%
KBR	D	0.02%
VSTO	C	0.02%
PSN	B	0.02%
WMS	D	0.02%
RLJ	D	0.02%
MKTX	C	0.02%
PFSI	C	0.02%
HAE	D	0.02%
GMED	D	0.02%
SKX	D	0.02%
AIR	C	0.02%
CTLT	B	0.02%
LNW	B	0.02%
ORA	C	0.02%
COHR	B	0.02%
CXW	F	0.02%
JBHT	D	0.02%
PLXS	B	0.02%
ALGN	D	0.02%
AXTA	C	0.02%
TDC	F	0.02%
WERN	D	0.02%
EXEL	C	0.02%
DRH	C	0.02%
MASI	D	0.02%
VNT	F	0.02%
SHO	C	0.02%
STC	B	0.02%
NDAQ	A	0.02%
ADNT	F	0.02%
UNF	C	0.02%
RYN	C	0.02%
GEHC	C	0.02%
DLTR	F	0.02%
THS	C	0.02%
MATX	C	0.02%
KNX	D	0.01%
UHAL	B	0.01%
SCL	D	0.01%
JAZZ	D	0.01%
LYFT	D	0.01%
UAL	C	0.01%
SWN	D	0.01%
ECPG	D	0.01%
MKSI	F	0.01%
ESI	D	0.01%
QRVO	F	0.01%
HELE	D	0.01%
HPP	F	0.01%
MTDR	F	0.01%
ELAN	D	0.01%
BECN	D	0.01%
JELD	D	0.01%
CNM	F	0.01%
SYNA	F	0.01%
ESAB	C	0.01%
SIGI	D	0.01%
ARCB	F	0.01%
INCY	C	0.01%
CENTA	D	0.01%
JBGS	C	0.01%
FLR	D	0.01%
LVS	D	0.01%
AMED	C	0.01%
FELE	C	0.01%
BRC	B	0.01%
DY	B	0.01%
WTFC	C	0.01%
KN	D	0.01%
PECO	B	0.01%
CR	C	0.01%
SAIC	C	0.01%
TTMI	D	0.01%
CPRI	D	0.01%
DEI	B	0.01%
AMWD	D	0.01%
TREX	F	0.01%
WWD	C	0.01%
LAUR	C	0.01%
OMI	D	0.01%
SAH	D	0.01%
NNI	B	0.01%
H	C	0.01%
RBC	C	0.01%
LAD	C	0.01%
IOSP	D	0.01%
MHK	C	0.01%
LADR	C	0.01%
GOLF	F	0.01%
KEX	C	0.01%
PSMT	B	0.01%
TNET	F	0.01%
OLLI	C	0.01%
RJF	C	0.01%
FYBR	C	0.01%
DNOW	D	0.01%
CSL	B	0.01%
SATS	C	0.01%
WOLF	F	0.0%

MFUS Underweight 221 Positions Relative to VYM

Symbol	Grade	Weight
ABT	C	-1.12%
NEE	C	-0.94%
RTX	C	-0.93%
HON	D	-0.77%
BLK	B	-0.76%
MS	C	-0.69%
MDT	C	-0.67%
ADI	C	-0.66%
SO	A	-0.54%
FDX	F	-0.39%
NXPI	D	-0.37%
APD	B	-0.35%
NSC	C	-0.33%
SRE	B	-0.3%
AEP	C	-0.3%
JCI	B	-0.28%
D	B	-0.27%
MCHP	D	-0.25%
ED	C	-0.2%
EIX	C	-0.19%
XEL	B	-0.19%
ROK	F	-0.18%
WEC	B	-0.17%
AWK	C	-0.16%
DVN	D	-0.16%
GRMN	D	-0.16%
ETR	A	-0.15%
DTE	B	-0.15%
STT	B	-0.15%
ES	C	-0.14%
FE	C	-0.14%
PPL	B	-0.13%
EL	F	-0.12%
RF	B	-0.12%
AEE	A	-0.12%
STX	C	-0.11%
ATO	B	-0.11%
EQT	D	-0.11%
CMS	B	-0.11%
EG	C	-0.1%
LUV	C	-0.1%
CNP	D	-0.1%
SWKS	F	-0.1%
LNT	B	-0.09%
CF	C	-0.09%
SWK	B	-0.09%
CCEP	B	-0.09%
BG	D	-0.08%
SNA	C	-0.08%
NI	B	-0.08%
OVV	F	-0.07%
BAP	B	-0.07%
CHK	D	-0.06%
WTRG	D	-0.06%
PNW	B	-0.06%
APA	F	-0.06%
LKQ	F	-0.06%
FMC	C	-0.05%
CNH	D	-0.05%
ORI	B	-0.05%
HAS	B	-0.05%
AXS	B	-0.04%
PB	B	-0.04%
CFR	C	-0.04%
VOYA	B	-0.04%
SSB	B	-0.04%
BPOP	C	-0.04%
ALV	F	-0.04%
XP	D	-0.04%
OGE	B	-0.04%
AVNT	B	-0.03%
MGY	C	-0.03%
PII	D	-0.03%
NJR	B	-0.03%
OZK	D	-0.03%
HWC	D	-0.03%
UMBF	B	-0.03%
PIPR	A	-0.03%
FFIN	B	-0.03%
POR	C	-0.03%
AL	D	-0.03%
AM	B	-0.03%
FOX	B	-0.03%
IDA	C	-0.03%
UBSI	C	-0.03%
HOMB	C	-0.03%
UGI	C	-0.03%
COLB	B	-0.03%
FNB	D	-0.03%
GBCI	B	-0.03%
RDN	C	-0.03%
BCPC	C	-0.03%
CIVI	F	-0.03%
MGRC	F	-0.02%
INDB	C	-0.02%
YOU	B	-0.02%
RRR	F	-0.02%
LCII	C	-0.02%
AWR	B	-0.02%
CATY	C	-0.02%
TNL	D	-0.02%
CCOI	C	-0.02%
IRDM	D	-0.02%
FHB	D	-0.02%
MGEE	B	-0.02%
CWT	C	-0.02%
CBU	D	-0.02%
EBC	B	-0.02%
GLNG	C	-0.02%
STNG	F	-0.02%
NWE	B	-0.02%
IBOC	D	-0.02%
ASB	D	-0.02%
OTTR	D	-0.02%
FULT	D	-0.02%
WD	B	-0.02%
AUB	D	-0.02%
FBP	C	-0.02%
SR	B	-0.02%
CRC	C	-0.02%
ALE	B	-0.02%
DNB	D	-0.02%
UCBI	B	-0.02%
VLY	C	-0.02%
KFY	B	-0.02%
OGS	B	-0.02%
PRGO	F	-0.02%
NOG	D	-0.02%
BKH	B	-0.02%
SFBS	B	-0.02%
TPG	B	-0.02%
AGO	C	-0.02%
BRKL	C	-0.01%
DLX	F	-0.01%
FG	D	-0.01%
EMBC	C	-0.01%
JACK	F	-0.01%
FDP	C	-0.01%
MATV	C	-0.01%
KLG	C	-0.01%
CNA	D	-0.01%
SRCE	D	-0.01%
BHLB	C	-0.01%
EIG	C	-0.01%
KW	C	-0.01%
SAFT	D	-0.01%
OXM	D	-0.01%
WABC	D	-0.01%
SFL	D	-0.01%
SASR	C	-0.01%
BLMN	F	-0.01%
VRTS	D	-0.01%
HMN	D	-0.01%
HOPE	C	-0.01%
AY	B	-0.01%
HTH	C	-0.01%
SYBT	B	-0.01%
HEES	D	-0.01%
PZZA	D	-0.01%
NWN	C	-0.01%
STBA	C	-0.01%
TROX	F	-0.01%
WLY	C	-0.01%
REYN	B	-0.01%
CHCO	C	-0.01%
FCF	C	-0.01%
NTB	C	-0.01%
NWBI	C	-0.01%
WSBC	D	-0.01%
B	D	-0.01%
NMRK	B	-0.01%
CAKE	C	-0.01%
TNC	F	-0.01%
SJW	D	-0.01%
RNST	D	-0.01%
CABO	F	-0.01%
TRMK	D	-0.01%
BANR	A	-0.01%
KMT	B	-0.01%
IBTX	C	-0.01%
SBLK	D	-0.01%
ADTN	D	-0.01%
BANF	B	-0.01%
VGR	B	-0.01%
NBTB	D	-0.01%
FRME	D	-0.01%
SBCF	C	-0.01%
HI	F	-0.01%
ENR	D	-0.01%
HTLF	B	-0.01%
PFS	C	-0.01%
BOKF	B	-0.01%
TOWN	B	-0.01%
PPBI	D	-0.01%
CVBF	D	-0.01%
FIBK	C	-0.01%
CNS	B	-0.01%
FFBC	D	-0.01%
PRK	C	-0.01%
AGR	B	-0.01%
CPK	B	-0.01%
BOH	D	-0.01%
VAC	F	-0.01%
JJSF	C	-0.01%
SFNC	C	-0.01%
TTEC	F	-0.0%
MEI	D	-0.0%
LSXMK	D	-0.0%
GTN	F	-0.0%
NUS	F	-0.0%
RBCAA	C	-0.0%
SIRI	C	-0.0%
ALGT	D	-0.0%
TFSL	D	-0.0%
RGR	F	-0.0%
MATW	F	-0.0%
CFFN	D	-0.0%
UI	A	-0.0%
MNRO	D	-0.0%
NFE	F	-0.0%
SSTK	F	-0.0%