MFUS vs. ZZZ ETF Comparison

Comparison of PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) to Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ)

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

ZZZ

Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF

ZZZ Description

ZZZ blends two indices, splitting investments between traditional equities and Bitcoin futures. Approximately 75% of the funds assets are allocated to US large-cap stocks featured in the S&P 500. Simultaneously, the remaining 25% is dedicated to Bitcoin futures obtained through its wholly-owned Cayman Islands subsidiary. The fund rebalances monthly to maintain the 75/25 allocation, though the adviser retains the flexibility to rebalance more frequently during periods of significant price volatility. Note that the fund does not invest directly in Bitcoin, instead opting for USD-settled, front-month CME Bitcoin futures contracts. These contracts are typically rolled over in the last week of each month, although adjustments may occur based on prevailing market conditions. The fund holds high-quality securities, including US government securities, money market funds, and short-term corporate debts to manage risks associated with the contracts.

Grade (RS Rating)

Last Trade

$28.15

Average Daily Volume

695

Number of Holdings ^*

480

* may have additional holdings in another (foreign) market

Performance

Period	MFUS	ZZZ
30 Days	1.40%	12.11%
60 Days	3.06%	12.51%
90 Days	4.64%	13.28%
12 Months	31.57%

359 Overlapping Holdings

Symbol	Grade	Weight in MFUS	Weight in ZZZ	Overlap
A	D	0.05%	0.04%	0.04%
AAPL	C	0.96%	3.67%	0.96%
ABBV	F	1.36%	0.32%	0.32%
ACN	B	0.25%	0.24%	0.24%
ADBE	C	0.04%	0.22%	0.04%
ADM	D	0.22%	0.03%	0.03%
ADP	A	0.11%	0.13%	0.11%
ADSK	A	0.09%	0.07%	0.07%
AEP	C	0.08%	0.05%	0.05%
AES	F	0.01%	0.01%	0.01%
AFL	B	0.21%	0.06%	0.06%
AIG	B	0.34%	0.06%	0.06%
AIZ	A	0.09%	0.02%	0.02%
AJG	A	0.16%	0.07%	0.07%
AKAM	D	0.02%	0.01%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.26%	0.07%	0.07%
AMAT	F	0.55%	0.15%	0.15%
AMGN	F	0.94%	0.16%	0.16%
AMP	A	0.18%	0.06%	0.06%
AMT	C	0.13%	0.11%	0.11%
AMZN	C	1.71%	2.04%	1.71%
ANET	C	0.14%	0.08%	0.08%
ANSS	B	0.05%	0.04%	0.04%
AON	A	0.24%	0.09%	0.09%
AOS	F	0.08%	0.01%	0.01%
APH	A	0.12%	0.09%	0.09%
ATO	A	0.02%	0.02%	0.02%
AVB	B	0.03%	0.03%	0.03%
AVGO	D	1.59%	0.76%	0.76%
AVY	F	0.09%	0.02%	0.02%
AXP	A	0.23%	0.19%	0.19%
BAC	A	0.45%	0.36%	0.36%
BALL	F	0.07%	0.02%	0.02%
BAX	F	0.04%	0.02%	0.02%
BBWI	C	0.01%	0.01%	0.01%
BBY	D	0.21%	0.02%	0.02%
BDX	F	0.11%	0.08%	0.08%
BEN	C	0.02%	0.01%	0.01%
BIIB	F	0.07%	0.02%	0.02%
BK	A	0.18%	0.07%	0.07%
BKR	A	0.08%	0.05%	0.05%
BLDR	D	0.04%	0.02%	0.02%
BLK	B	0.19%	0.12%	0.12%
BMY	B	0.41%	0.13%	0.13%
BR	A	0.17%	0.03%	0.03%
BRK.A	B	2.42%	0.95%	0.95%
BRO	B	0.12%	0.02%	0.02%
BSX	A	0.2%	0.14%	0.14%
BWA	D	0.01%	0.01%	0.01%
BX	A	0.13%	0.14%	0.13%
BXP	C	0.02%	0.01%	0.01%
C	A	0.69%	0.15%	0.15%
CAG	F	0.04%	0.01%	0.01%
CAH	B	0.27%	0.03%	0.03%
CARR	C	0.05%	0.07%	0.05%
CAT	B	0.2%	0.22%	0.2%
CB	C	0.16%	0.13%	0.13%
CBRE	B	0.05%	0.04%	0.04%
CCI	C	0.07%	0.05%	0.05%
CCL	A	0.02%	0.03%	0.02%
CDW	F	0.03%	0.02%	0.02%
CE	F	0.02%	0.01%	0.01%
CEG	C	0.11%	0.08%	0.08%
CFG	B	0.04%	0.03%	0.03%
CHD	A	0.07%	0.02%	0.02%
CHRW	B	0.14%	0.01%	0.01%
CHTR	C	0.3%	0.04%	0.04%
CI	D	0.13%	0.11%	0.11%
CINF	A	0.02%	0.03%	0.02%
CL	D	0.35%	0.09%	0.09%
CLX	A	0.12%	0.02%	0.02%
CMA	B	0.04%	0.01%	0.01%
CMCSA	B	0.16%	0.19%	0.16%
CME	B	0.14%	0.1%	0.1%
CMI	A	0.14%	0.04%	0.04%
CMS	C	0.03%	0.02%	0.02%
CNC	D	0.04%	0.03%	0.03%
COF	C	0.29%	0.08%	0.08%
COP	C	0.07%	0.15%	0.07%
COR	B	0.17%	0.05%	0.05%
COST	A	1.35%	0.41%	0.41%
CPAY	A	0.03%	0.04%	0.03%
CPB	D	0.04%	0.01%	0.01%
CPRT	B	0.09%	0.06%	0.06%
CPT	B	0.06%	0.01%	0.01%
CSCO	B	0.68%	0.26%	0.26%
CSX	C	0.11%	0.08%	0.08%
CTAS	B	0.19%	0.1%	0.1%
CTLT	C	0.02%	0.01%	0.01%
CTVA	C	0.04%	0.04%	0.04%
CVS	D	0.65%	0.08%	0.08%
CVX	A	0.39%	0.31%	0.31%
D	C	0.07%	0.05%	0.05%
DD	C	0.1%	0.04%	0.04%
DFS	B	0.1%	0.04%	0.04%
DG	F	0.09%	0.02%	0.02%
DGX	A	0.09%	0.02%	0.02%
DHI	F	0.06%	0.05%	0.05%
DHR	F	0.24%	0.16%	0.16%
DLR	B	0.09%	0.06%	0.06%
DLTR	F	0.03%	0.01%	0.01%
DOV	A	0.04%	0.02%	0.02%
DOW	F	0.02%	0.03%	0.02%
DRI	B	0.03%	0.02%	0.02%
DTE	C	0.02%	0.03%	0.02%
DUK	C	0.13%	0.1%	0.1%
DVA	C	0.16%	0.02%	0.02%
EA	A	0.18%	0.04%	0.04%
EBAY	D	0.36%	0.03%	0.03%
ECL	D	0.08%	0.08%	0.08%
ED	C	0.05%	0.03%	0.03%
EFX	F	0.11%	0.03%	0.03%
EIX	B	0.05%	0.04%	0.04%
ELV	F	0.16%	0.09%	0.09%
EMN	C	0.04%	0.01%	0.01%
EMR	B	0.09%	0.09%	0.09%
EQR	C	0.04%	0.03%	0.03%
ES	C	0.03%	0.02%	0.02%
ESS	B	0.04%	0.03%	0.03%
ETR	B	0.05%	0.03%	0.03%
EVRG	A	0.02%	0.01%	0.01%
EXC	C	0.07%	0.04%	0.04%
EXPD	C	0.11%	0.01%	0.01%
EXR	C	0.11%	0.04%	0.04%
F	C	0.16%	0.05%	0.05%
FANG	C	0.05%	0.04%	0.04%
FAST	B	0.13%	0.06%	0.06%
FE	C	0.03%	0.02%	0.02%
FFIV	B	0.06%	0.03%	0.03%
FI	A	0.19%	0.14%	0.14%
FIS	C	0.07%	0.06%	0.06%
FITB	B	0.04%	0.04%	0.04%
FOXA	A	0.11%	0.01%	0.01%
FTNT	C	0.07%	0.06%	0.06%
GD	D	0.24%	0.06%	0.06%
GE	D	0.56%	0.22%	0.22%
GEHC	D	0.07%	0.04%	0.04%
GEN	B	0.11%	0.02%	0.02%
GILD	C	0.87%	0.12%	0.12%
GIS	D	0.17%	0.04%	0.04%
GLW	B	0.2%	0.04%	0.04%
GM	C	0.4%	0.09%	0.09%
GNRC	C	0.06%	0.02%	0.02%
GS	A	0.41%	0.2%	0.2%
HBAN	A	0.03%	0.03%	0.03%
HCA	F	0.25%	0.08%	0.08%
HD	B	0.62%	0.46%	0.46%
HIG	B	0.06%	0.04%	0.04%
HLT	A	0.1%	0.08%	0.08%
HOLX	D	0.03%	0.02%	0.02%
HPE	B	0.11%	0.03%	0.03%
HPQ	B	0.28%	0.04%	0.04%
HRL	D	0.02%	0.01%	0.01%
HSIC	C	0.03%	0.01%	0.01%
HST	C	0.02%	0.01%	0.01%
HSY	F	0.05%	0.02%	0.02%
HUBB	B	0.03%	0.05%	0.03%
HWM	A	0.17%	0.05%	0.05%
IBM	C	1.05%	0.21%	0.21%
ICE	C	0.29%	0.11%	0.11%
IDXX	F	0.05%	0.05%	0.05%
IEX	C	0.09%	0.03%	0.03%
IFF	D	0.03%	0.03%	0.03%
INCY	C	0.01%	0.02%	0.01%
INTC	C	0.2%	0.12%	0.12%
INVH	D	0.04%	0.02%	0.02%
IP	A	0.09%	0.02%	0.02%
IPG	D	0.04%	0.01%	0.01%
IR	B	0.09%	0.05%	0.05%
IRM	C	0.12%	0.04%	0.04%
ISRG	A	0.29%	0.18%	0.18%
IT	C	0.15%	0.06%	0.06%
ITW	B	0.1%	0.09%	0.09%
IVZ	B	0.03%	0.01%	0.01%
JBHT	C	0.02%	0.02%	0.02%
JBL	C	0.03%	0.01%	0.01%
JCI	B	0.07%	0.07%	0.07%
JKHY	D	0.1%	0.02%	0.02%
JNJ	C	1.18%	0.42%	0.42%
JNPR	D	0.13%	0.01%	0.01%
JPM	A	0.99%	0.8%	0.8%
K	A	0.15%	0.03%	0.03%
KDP	F	0.07%	0.04%	0.04%
KEY	B	0.03%	0.02%	0.02%
KHC	F	0.15%	0.03%	0.03%
KIM	A	0.02%	0.02%	0.02%
KLAC	F	0.23%	0.07%	0.07%
KMB	C	0.16%	0.05%	0.05%
KMI	A	0.11%	0.06%	0.06%
KO	D	1.0%	0.26%	0.26%
KR	B	0.38%	0.05%	0.05%
L	A	0.06%	0.02%	0.02%
LDOS	C	0.11%	0.02%	0.02%
LEN	D	0.06%	0.04%	0.04%
LHX	C	0.26%	0.05%	0.05%
LLY	F	2.39%	0.59%	0.59%
LMT	D	0.75%	0.12%	0.12%
LNT	A	0.02%	0.02%	0.02%
LOW	C	0.35%	0.18%	0.18%
LRCX	F	0.17%	0.08%	0.08%
LW	C	0.03%	0.01%	0.01%
LYB	F	0.15%	0.03%	0.03%
MA	B	0.28%	0.47%	0.28%
MAA	B	0.02%	0.02%	0.02%
MAR	A	0.04%	0.06%	0.04%
MAS	D	0.06%	0.02%	0.02%
MCD	D	0.53%	0.23%	0.23%
MCK	A	0.63%	0.07%	0.07%
MCO	B	0.15%	0.11%	0.11%
MDLZ	F	0.23%	0.09%	0.09%
MET	A	0.32%	0.06%	0.06%
META	D	2.35%	1.35%	1.35%
MHK	D	0.01%	0.02%	0.01%
MKC	C	0.05%	0.02%	0.02%
MLM	C	0.07%	0.07%	0.07%
MMC	B	0.2%	0.13%	0.13%
MMM	D	0.6%	0.07%	0.07%
MNST	C	0.07%	0.04%	0.04%
MO	A	0.73%	0.11%	0.11%
MOS	F	0.01%	0.01%	0.01%
MPC	D	0.34%	0.07%	0.07%
MRK	D	0.84%	0.27%	0.27%
MRO	B	0.03%	0.02%	0.02%
MS	A	0.22%	0.18%	0.18%
MSCI	C	0.07%	0.07%	0.07%
MSI	B	0.2%	0.11%	0.11%
MTB	A	0.04%	0.05%	0.04%
MU	D	0.16%	0.12%	0.12%
NDAQ	A	0.05%	0.03%	0.03%
NDSN	B	0.04%	0.03%	0.03%
NEE	C	0.22%	0.17%	0.17%
NEM	D	0.16%	0.05%	0.05%
NFLX	A	0.52%	0.38%	0.38%
NI	A	0.02%	0.02%	0.02%
NKE	F	0.06%	0.1%	0.06%
NOC	D	0.35%	0.05%	0.05%
NOW	A	0.36%	0.23%	0.23%
NRG	B	0.07%	0.02%	0.02%
NSC	B	0.07%	0.06%	0.06%
NTAP	C	0.1%	0.03%	0.03%
NTRS	A	0.03%	0.02%	0.02%
NUE	C	0.08%	0.03%	0.03%
NVDA	B	1.9%	3.81%	1.9%
NWSA	A	0.04%	0.01%	0.01%
O	C	0.05%	0.04%	0.04%
ODFL	C	0.02%	0.05%	0.02%
OKE	A	0.1%	0.08%	0.08%
OMC	C	0.06%	0.02%	0.02%
ORCL	A	1.52%	0.33%	0.33%
ORLY	B	0.2%	0.14%	0.14%
OTIS	C	0.07%	0.05%	0.05%
PANW	B	0.25%	0.13%	0.13%
PARA	C	0.01%	0.01%	0.01%
PAYX	B	0.04%	0.05%	0.04%
PEG	A	0.06%	0.05%	0.05%
PEP	F	0.74%	0.25%	0.25%
PFE	F	0.57%	0.16%	0.16%
PFG	D	0.01%	0.02%	0.01%
PG	C	1.01%	0.44%	0.44%
PGR	A	0.59%	0.17%	0.17%
PH	A	0.14%	0.08%	0.08%
PHM	D	0.1%	0.03%	0.03%
PKG	A	0.1%	0.03%	0.03%
PM	B	0.87%	0.22%	0.22%
PNC	B	0.12%	0.09%	0.09%
PNR	A	0.02%	0.02%	0.02%
PNW	A	0.01%	0.01%	0.01%
PPG	F	0.04%	0.03%	0.03%
PPL	A	0.04%	0.03%	0.03%
PRU	A	0.23%	0.06%	0.06%
PSA	C	0.09%	0.08%	0.08%
PSX	C	0.23%	0.06%	0.06%
PTC	B	0.04%	0.02%	0.02%
PWR	A	0.12%	0.04%	0.04%
PYPL	B	0.12%	0.1%	0.1%
QCOM	F	0.77%	0.2%	0.2%
QRVO	F	0.01%	0.01%	0.01%
RCL	A	0.1%	0.05%	0.05%
REGN	F	0.36%	0.09%	0.09%
RF	A	0.02%	0.03%	0.02%
RHI	C	0.02%	0.01%	0.01%
RMD	C	0.16%	0.03%	0.03%
ROL	B	0.07%	0.02%	0.02%
ROP	B	0.06%	0.06%	0.06%
RSG	A	0.13%	0.05%	0.05%
RTX	D	0.22%	0.19%	0.19%
RVTY	F	0.01%	0.01%	0.01%
SBAC	D	0.03%	0.02%	0.02%
SBUX	A	0.09%	0.12%	0.09%
SCHW	B	0.05%	0.14%	0.05%
SHW	B	0.22%	0.08%	0.08%
SJM	D	0.04%	0.01%	0.01%
SLB	C	0.01%	0.07%	0.01%
SO	C	0.13%	0.11%	0.11%
SPG	A	0.16%	0.06%	0.06%
SPGI	C	0.29%	0.17%	0.17%
SRE	A	0.08%	0.06%	0.06%
STE	D	0.07%	0.02%	0.02%
STLD	B	0.04%	0.03%	0.03%
STZ	D	0.06%	0.05%	0.05%
SYF	B	0.31%	0.03%	0.03%
SYY	D	0.12%	0.04%	0.04%
T	A	0.73%	0.18%	0.18%
TAP	C	0.09%	0.01%	0.01%
TDG	D	0.15%	0.14%	0.14%
TER	F	0.03%	0.02%	0.02%
TFC	A	0.09%	0.07%	0.07%
TGT	F	0.74%	0.09%	0.09%
TJX	A	0.37%	0.15%	0.15%
TMO	F	0.28%	0.23%	0.23%
TMUS	B	0.43%	0.13%	0.13%
TPR	B	0.01%	0.01%	0.01%
TRGP	A	0.11%	0.04%	0.04%
TROW	B	0.09%	0.03%	0.03%
TRV	B	0.2%	0.06%	0.06%
TSCO	D	0.11%	0.03%	0.03%
TSN	B	0.18%	0.02%	0.02%
TTWO	A	0.07%	0.04%	0.04%
TXN	C	0.29%	0.21%	0.21%
UAL	A	0.02%	0.03%	0.02%
UBER	F	0.21%	0.16%	0.16%
UDR	B	0.03%	0.02%	0.02%
UHS	D	0.06%	0.02%	0.02%
UNH	B	0.79%	0.6%	0.6%
UNP	C	0.51%	0.16%	0.16%
UPS	C	0.24%	0.11%	0.11%
URI	C	0.09%	0.09%	0.09%
USB	A	0.11%	0.09%	0.09%
V	A	0.31%	0.56%	0.31%
VFC	C	0.02%	0.01%	0.01%
VLO	C	0.16%	0.05%	0.05%
VLTO	C	0.04%	0.02%	0.02%
VRSK	A	0.16%	0.03%	0.03%
VRSN	C	0.04%	0.02%	0.02%
VRTX	D	0.22%	0.16%	0.16%
VTR	B	0.04%	0.03%	0.03%
VTRS	A	0.14%	0.02%	0.02%
VZ	C	1.0%	0.2%	0.2%
WAB	B	0.05%	0.04%	0.04%
WAT	C	0.05%	0.04%	0.04%
WBA	F	0.12%	0.01%	0.01%
WDC	D	0.08%	0.02%	0.02%
WELL	A	0.12%	0.08%	0.08%
WFC	A	0.97%	0.3%	0.3%
WHR	B	0.03%	0.01%	0.01%
WM	B	0.28%	0.1%	0.1%
WMB	A	0.1%	0.08%	0.08%
WMT	A	1.71%	0.4%	0.4%
WRB	A	0.02%	0.02%	0.02%
WST	C	0.05%	0.03%	0.03%
WTW	B	0.11%	0.04%	0.04%
XOM	B	0.43%	0.6%	0.43%
XRAY	F	0.02%	0.0%	0.0%
XYL	D	0.1%	0.03%	0.03%
YUM	D	0.13%	0.05%	0.05%
ZBRA	B	0.04%	0.04%	0.04%
ZION	B	0.02%	0.01%	0.01%
ZTS	D	0.05%	0.1%	0.05%

MFUS Overweight 456 Positions Relative to ZZZ

Symbol	Grade	Weight
BKNG	A	0.42%
THC	D	0.28%
AZO	C	0.28%
FICO	B	0.25%
SFM	A	0.25%
ANF	F	0.25%
PLTR	B	0.23%
VST	A	0.23%
LII	A	0.21%
GWW	B	0.21%
CMG	B	0.2%
UTHR	C	0.19%
WSM	C	0.18%
DECK	A	0.17%
WSO	A	0.17%
MUSA	B	0.16%
CASY	A	0.16%
BAH	F	0.15%
KKR	A	0.15%
DPZ	C	0.13%
EVR	B	0.13%
RPM	A	0.13%
GDDY	A	0.12%
CW	C	0.11%
CRS	B	0.11%
DASH	B	0.11%
ALSN	B	0.11%
BWXT	B	0.11%
APP	B	0.11%
COIN	C	0.1%
AYI	B	0.1%
JXN	C	0.1%
SEIC	B	0.09%
MLI	B	0.09%
ARES	A	0.09%
WCC	B	0.09%
CALM	A	0.09%
LSTR	D	0.09%
EHC	B	0.09%
CACI	D	0.09%
TMHC	C	0.09%
NVR	D	0.09%
GPI	B	0.09%
HRB	D	0.08%
LPX	B	0.08%
DKS	D	0.08%
SLG	B	0.08%
GPK	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%
GLPI	C	0.07%
SCI	B	0.07%
LPLA	A	0.07%
UFPI	C	0.07%
EXP	B	0.07%
BCC	B	0.07%
INGR	C	0.07%
POOL	C	0.07%
SKYW	C	0.07%
GEO	B	0.07%
CNX	A	0.07%
VNO	C	0.07%
THO	B	0.07%
R	B	0.07%
AEO	F	0.07%
HCC	B	0.07%
G	B	0.06%
VIRT	A	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	C	0.06%
LECO	C	0.06%
JLL	D	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%
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	F	0.06%
SQ	A	0.06%
PK	C	0.06%
TXRH	B	0.06%
TTC	C	0.06%
AMG	B	0.06%
AN	C	0.06%
RGA	A	0.06%
MSM	C	0.06%
TOL	B	0.06%
ALNY	D	0.06%
TDS	B	0.05%
NFG	A	0.05%
CNO	B	0.05%
PRIM	A	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%
GNTX	C	0.05%
MTN	C	0.05%
EXEL	B	0.05%
CRI	F	0.05%
USFD	A	0.05%
SLGN	A	0.05%
POST	C	0.05%
COOP	B	0.05%
TEX	F	0.05%
LAMR	C	0.05%
KD	B	0.05%
CBT	D	0.05%
GVA	A	0.05%
NXST	C	0.05%
HBI	B	0.05%
ALLY	C	0.05%
WEN	D	0.05%
FCN	F	0.05%
MMS	F	0.05%
SMCI	F	0.05%
BTU	B	0.05%
SON	F	0.04%
AVT	C	0.04%
OSK	C	0.04%
XPO	B	0.04%
LANC	C	0.04%
TKR	D	0.04%
AWI	A	0.04%
SEM	B	0.04%
AMH	C	0.04%
CRUS	D	0.04%
CXW	C	0.04%
SMG	C	0.04%
JWN	D	0.04%
PSTG	D	0.04%
AGNC	C	0.04%
BDC	C	0.04%
SLVM	B	0.04%
CLH	C	0.04%
FLO	D	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%
TRN	B	0.04%
SANM	B	0.04%
RGLD	C	0.04%
CVLT	B	0.04%
FDS	B	0.04%
NBIX	C	0.04%
CUBE	C	0.04%
WTM	A	0.04%
OGN	F	0.04%
BHF	C	0.04%
ATI	C	0.04%
MAC	B	0.04%
GBX	A	0.04%
HUBG	A	0.04%
HEI	A	0.04%
FTI	A	0.04%
SIG	B	0.04%
MHO	D	0.04%
GATX	A	0.04%
CRBG	B	0.04%
EME	A	0.04%
HOOD	B	0.04%
JHG	B	0.04%
UNM	A	0.04%
RS	B	0.04%
AROC	A	0.04%
ABM	B	0.04%
ERIE	D	0.04%
DCI	B	0.04%
WERN	C	0.04%
COKE	C	0.03%
RRC	B	0.03%
HXL	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%
FNF	B	0.03%
VC	F	0.03%
MAN	F	0.03%
DK	C	0.03%
JEF	A	0.03%
AMKR	D	0.03%
COLD	D	0.03%
LBRDK	C	0.03%
BKE	B	0.03%
FHI	B	0.03%
LNC	C	0.03%
AVTR	F	0.03%
OMF	A	0.03%
RPRX	D	0.03%
BURL	B	0.03%
X	B	0.03%
DELL	B	0.03%
PLXS	B	0.03%
CG	B	0.03%
OI	C	0.03%
PRG	C	0.03%
APLE	B	0.03%
ASO	F	0.03%
SHOO	F	0.03%
AVA	A	0.03%
DBRG	F	0.03%
COHR	B	0.03%
RL	C	0.03%
GMS	B	0.03%
BKU	A	0.03%
CDP	C	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%
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%
VSH	F	0.02%
SSNC	B	0.02%
LAUR	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%
WBS	A	0.02%
PHIN	A	0.02%
WAL	B	0.02%
CSL	C	0.02%
AXTA	B	0.02%
ANDE	D	0.02%
APG	B	0.02%
SNV	C	0.02%
NSP	F	0.02%
HP	C	0.02%
DNOW	B	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%
NAVI	F	0.02%
WMS	F	0.02%
LNW	F	0.02%
EPC	F	0.02%
M	F	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%
CC	C	0.02%
DLB	B	0.02%
NWL	C	0.02%
OHI	C	0.02%
MDU	D	0.02%
OC	A	0.02%
SXT	C	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%
PSN	D	0.02%
XHR	B	0.02%
PDCO	F	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%
FAF	A	0.02%
SBH	C	0.02%
PAG	B	0.02%
HII	F	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	F	0.02%
NEU	D	0.02%
GHC	B	0.02%
STC	B	0.02%
SVC	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%
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	C	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%
RDN	D	0.01%
IMKTA	C	0.01%
XRX	F	0.01%
SR	A	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%
SWX	B	0.01%
KALU	C	0.01%
ESI	B	0.01%
CENTA	C	0.01%
CVI	F	0.01%
ARCH	B	0.01%
PECO	A	0.01%
PB	B	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%
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	C	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%
ESNT	F	0.01%
DXC	B	0.01%
IDCC	B	0.01%
LADR	B	0.01%
NNI	D	0.01%
GES	F	0.01%
ESAB	C	0.01%
CWEN	C	0.01%
ONB	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%
CADE	B	0.01%
WTFC	A	0.01%
FHN	A	0.01%
PSMT	D	0.01%
ADC	A	0.01%
H	B	0.01%
SATS	D	0.01%
RBC	A	0.01%
UHAL	D	0.01%
GOLF	B	0.01%
FR	D	0.01%
DTM	A	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 121 Positions Relative to ZZZ

Symbol	Grade	Weight
MSFT	D	-3.4%
GOOGL	C	-1.13%
GOOG	C	-0.97%
TSLA	B	-0.92%
CRM	B	-0.36%
AMD	F	-0.25%
LIN	C	-0.25%
INTU	B	-0.23%
DIS	B	-0.23%
ABT	B	-0.22%
HON	C	-0.18%
ETN	A	-0.16%
DE	B	-0.14%
MDT	D	-0.13%
SYK	B	-0.13%
PLD	F	-0.12%
SNPS	B	-0.12%
ADI	D	-0.12%
BA	F	-0.1%
CDNS	B	-0.1%
EQIX	A	-0.1%
TT	A	-0.09%
EOG	A	-0.09%
GEV	B	-0.08%
FDX	B	-0.07%
AXON	A	-0.07%
FCX	F	-0.07%
APD	A	-0.07%
NXPI	D	-0.07%
ABNB	C	-0.06%
PCAR	B	-0.06%
KVUE	A	-0.05%
GRMN	B	-0.05%
EW	C	-0.05%
ROST	D	-0.05%
HES	B	-0.05%
PCG	A	-0.05%
VICI	C	-0.04%
MCHP	F	-0.04%
RJF	A	-0.04%
GPN	B	-0.04%
XEL	A	-0.04%
OXY	D	-0.04%
SNA	A	-0.04%
DAL	B	-0.04%
IQV	F	-0.04%
CTSH	B	-0.04%
AME	A	-0.04%
ACGL	C	-0.04%
FTV	C	-0.03%
ZBH	C	-0.03%
DVN	F	-0.03%
EPAM	B	-0.03%
LH	B	-0.03%
PODD	C	-0.03%
ILMN	C	-0.03%
ON	D	-0.03%
HUM	C	-0.03%
AWK	C	-0.03%
HAL	C	-0.03%
AEE	A	-0.03%
VMC	B	-0.03%
ROK	C	-0.03%
STT	B	-0.03%
MOH	F	-0.03%
CSGP	D	-0.03%
WEC	A	-0.03%
KEYS	A	-0.03%
DXCM	C	-0.03%
LULU	C	-0.03%
TECH	F	-0.02%
ALLE	C	-0.02%
TRMB	B	-0.02%
J	D	-0.02%
AMCR	C	-0.02%
REG	A	-0.02%
DAY	B	-0.02%
KMX	B	-0.02%
APTV	F	-0.02%
SW	A	-0.02%
TXT	D	-0.02%
SWKS	F	-0.02%
SWK	D	-0.02%
CF	A	-0.02%
EQT	B	-0.02%
EXPE	B	-0.02%
CTRA	B	-0.02%
CNP	A	-0.02%
CRL	D	-0.02%
LUV	C	-0.02%
STX	C	-0.02%
FSLR	F	-0.02%
LVS	B	-0.02%
CBOE	C	-0.02%
WBD	B	-0.02%
ARE	F	-0.02%
WY	F	-0.02%
ETSY	D	-0.01%
FMC	D	-0.01%
HAS	D	-0.01%
ENPH	F	-0.01%
SOLV	D	-0.01%
APA	D	-0.01%
CZR	F	-0.01%
AAL	B	-0.01%
WYNN	C	-0.01%
BG	D	-0.01%
MTCH	D	-0.01%
ALB	B	-0.01%
DOC	C	-0.01%
NCLH	B	-0.01%
GL	C	-0.01%
MGM	D	-0.01%
FRT	B	-0.01%
LKQ	F	-0.01%
MRNA	F	-0.01%
GPC	D	-0.01%
EL	F	-0.01%
LYV	A	-0.01%
NWS	A	-0.0%
FOX	A	-0.0%