FAD vs. ONEQ ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$130.27

Average Daily Volume

4,791

Number of Holdings ^*

641

* may have additional holdings in another (foreign) market

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

ONEQ tracks only Nasdaq-listed companies and ignores those trading on the NYSE or other exchanges. The funds underlying index comprises all domestic and international companies listed in Nasdaq. ONEQs portfolio may favor technology firms, which in the past have dominated the Nasdaq market. This is at the expense of energy, industrials, financials and other industries. Its heavy weightings to large-cap firms may increase single-stock blowup risk. Much like the market it aims to track, ONEQ is essentially a growth play, carrying elevated P/E and P/B ratios and paying smaller dividends. This exposure has translated to higher market risk. ONEQ uses a sampling strategy to track its index, which is reconstituted and rebalanced daily.

Grade (RS Rating)

Last Trade

$69.40

Average Daily Volume

310,742

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

Performance

Period	FAD	ONEQ
30 Days	2.31%	-1.62%
60 Days	4.16%	-0.59%
90 Days	6.38%	-0.51%
12 Months	27.47%	29.49%

277 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in ONEQ	Overlap
AAON	B	0.18%	0.03%	0.03%
AAPL	D	0.18%	11.9%	0.18%
ACIW	B	0.15%	0.02%	0.02%
ACLS	F	0.12%	0.01%	0.01%
ACVA	B	0.08%	0.01%	0.01%
ADBE	D	0.17%	0.84%	0.17%
ADI	D	0.17%	0.39%	0.17%
ADMA	B	0.2%	0.02%	0.02%
ADP	B	0.2%	0.39%	0.2%
ADSK	B	0.09%	0.19%	0.09%
AEIS	D	0.08%	0.02%	0.02%
AFRM	C	0.12%	0.04%	0.04%
AGIO	D	0.13%	0.01%	0.01%
AGYS	D	0.1%	0.01%	0.01%
ALGM	F	0.03%	0.02%	0.02%
ALHC	C	0.18%	0.01%	0.01%
ALKS	C	0.1%	0.02%	0.02%
ALKT	D	0.13%	0.01%	0.01%
ALNY	B	0.19%	0.12%	0.12%
ALRM	F	0.04%	0.01%	0.01%
ALTR	C	0.11%	0.02%	0.02%
AMAT	D	0.27%	0.54%	0.27%
AMD	F	0.16%	0.86%	0.16%
AMGN	B	0.36%	0.62%	0.36%
AMRX	B	0.13%	0.01%	0.01%
AMZN	C	0.33%	6.77%	0.33%
ANIP	D	0.07%	0.01%	0.01%
APP	B	0.29%	0.11%	0.11%
APPF	D	0.16%	0.02%	0.02%
ARDX	D	0.1%	0.01%	0.01%
AVAV	D	0.22%	0.02%	0.02%
AVGO	C	0.36%	2.71%	0.36%
AXON	B	0.22%	0.1%	0.1%
AXSM	C	0.15%	0.02%	0.02%
BANF	B	0.09%	0.02%	0.02%
BASE	F	0.02%	0.01%	0.01%
BCPC	C	0.09%	0.02%	0.02%
BCRX	C	0.09%	0.01%	0.01%
BEAM	F	0.03%	0.01%	0.01%
BKNG	B	0.43%	0.46%	0.43%
BLKB	B	0.09%	0.02%	0.02%
BPMC	D	0.14%	0.02%	0.02%
CARG	B	0.08%	0.01%	0.01%
CASY	D	0.21%	0.05%	0.05%
CCOI	C	0.05%	0.02%	0.02%
CDNS	D	0.22%	0.25%	0.22%
CEG	C	0.42%	0.22%	0.22%
CELH	F	0.05%	0.03%	0.03%
CFLT	F	0.06%	0.02%	0.02%
CHCO	B	0.08%	0.01%	0.01%
CHDN	C	0.17%	0.03%	0.03%
CLDX	C	0.06%	0.01%	0.01%
CLSK	F	0.03%	0.01%	0.01%
CMPR	F	0.09%	0.01%	0.01%
COKE	C	0.25%	0.04%	0.04%
COLL	B	0.11%	0.01%	0.01%
CORT	B	0.11%	0.02%	0.02%
COST	C	0.46%	1.41%	0.46%
CPRT	D	0.08%	0.17%	0.08%
CPRX	B	0.09%	0.01%	0.01%
CRDO	D	0.09%	0.02%	0.02%
CRNX	C	0.06%	0.02%	0.02%
CRVL	B	0.16%	0.02%	0.02%
CRWD	F	0.29%	0.21%	0.21%
CSWI	B	0.12%	0.02%	0.02%
CTAS	C	0.3%	0.29%	0.29%
CVLT	B	0.21%	0.03%	0.03%
CWST	D	0.14%	0.02%	0.02%
DASH	C	0.1%	0.17%	0.1%
DDOG	D	0.21%	0.12%	0.12%
DKNG	D	0.17%	0.06%	0.06%
DNLI	B	0.03%	0.02%	0.02%
DOCU	C	0.04%	0.04%	0.04%
DRVN	C	0.03%	0.01%	0.01%
DUOL	B	0.14%	0.03%	0.03%
EA	D	0.18%	0.13%	0.13%
EEFT	D	0.12%	0.02%	0.02%
ENSG	C	0.26%	0.03%	0.03%
ENTG	D	0.07%	0.06%	0.06%
ENVX	F	0.06%	0.01%	0.01%
ERIE	A	0.49%	0.09%	0.09%
EXEL	B	0.15%	0.03%	0.03%
EXLS	C	0.15%	0.02%	0.02%
EXPE	C	0.27%	0.06%	0.06%
EXPO	B	0.1%	0.02%	0.02%
EXTR	C	0.05%	0.01%	0.01%
FA	B	0.06%	0.01%	0.01%
FCNCA	D	0.47%	0.09%	0.09%
FELE	C	0.04%	0.02%	0.02%
FFIV	A	0.1%	0.04%	0.04%
FIZZ	D	0.07%	0.02%	0.02%
FLNC	C	0.09%	0.01%	0.01%
FORM	F	0.07%	0.01%	0.01%
FRPT	B	0.23%	0.03%	0.03%
FSLR	C	0.25%	0.08%	0.08%
FTDR	B	0.14%	0.01%	0.01%
FWRG	F	0.04%	0.01%	0.01%
GERN	D	0.13%	0.01%	0.01%
GH	D	0.07%	0.01%	0.01%
GIII	C	0.08%	0.01%	0.01%
GNTX	F	0.11%	0.02%	0.02%
GOOGL	D	0.37%	3.23%	0.37%
GTX	D	0.02%	0.01%	0.01%
HALO	B	0.25%	0.03%	0.03%
HAS	B	0.15%	0.04%	0.04%
HEES	D	0.05%	0.01%	0.01%
HLNE	B	0.16%	0.03%	0.03%
HON	D	0.16%	0.46%	0.16%
HOOD	C	0.2%	0.06%	0.06%
HQY	C	0.15%	0.02%	0.02%
HRMY	B	0.06%	0.01%	0.01%
HST	D	0.08%	0.04%	0.04%
HURN	C	0.11%	0.01%	0.01%
HWKN	B	0.16%	0.01%	0.01%
IAS	D	0.03%	0.01%	0.01%
IBKR	B	0.22%	0.05%	0.05%
ICFI	C	0.11%	0.01%	0.01%
IDCC	B	0.11%	0.01%	0.01%
IESC	C	0.14%	0.02%	0.02%
INSM	D	0.23%	0.04%	0.04%
INTA	B	0.03%	0.02%	0.02%
INTU	D	0.25%	0.64%	0.25%
IONS	F	0.11%	0.02%	0.02%
IOSP	D	0.06%	0.01%	0.01%
IPAR	D	0.04%	0.02%	0.02%
IRTC	F	0.06%	0.01%	0.01%
ISRG	C	0.38%	0.6%	0.38%
ITCI	D	0.09%	0.03%	0.03%
ITRI	C	0.13%	0.02%	0.02%
JAMF	D	0.03%	0.01%	0.01%
JJSF	C	0.07%	0.01%	0.01%
JKHY	B	0.04%	0.04%	0.04%
KLAC	D	0.31%	0.35%	0.31%
KRYS	D	0.13%	0.02%	0.02%
KTOS	B	0.11%	0.02%	0.02%
KYMR	C	0.11%	0.02%	0.02%
LAMR	A	0.14%	0.04%	0.04%
LAUR	B	0.11%	0.01%	0.01%
LIN	B	0.09%	0.78%	0.09%
LKFN	C	0.08%	0.01%	0.01%
LMAT	B	0.11%	0.01%	0.01%
LNTH	C	0.22%	0.02%	0.02%
LNW	B	0.22%	0.03%	0.03%
LOPE	D	0.17%	0.02%	0.02%
LPLA	D	0.31%	0.06%	0.06%
LRCX	F	0.25%	0.35%	0.25%
LYFT	D	0.07%	0.02%	0.02%
MANH	B	0.27%	0.05%	0.05%
MAR	C	0.33%	0.23%	0.23%
MARA	F	0.07%	0.02%	0.02%
MBIN	C	0.11%	0.01%	0.01%
MEDP	D	0.18%	0.04%	0.04%
META	A	0.44%	4.01%	0.44%
MGEE	B	0.03%	0.01%	0.01%
MGNI	D	0.08%	0.01%	0.01%
MIRM	D	0.15%	0.01%	0.01%
MKSI	F	0.14%	0.03%	0.03%
MMSI	B	0.14%	0.02%	0.02%
MORN	C	0.13%	0.05%	0.05%
MPWR	C	0.28%	0.15%	0.15%
MRUS	D	0.08%	0.01%	0.01%
MRVL	C	0.09%	0.22%	0.09%
MSFT	C	0.24%	11.17%	0.24%
MSTR	D	0.09%	0.08%	0.08%
MTSI	D	0.15%	0.03%	0.03%
MYGN	B	0.11%	0.01%	0.01%
MYRG	F	0.04%	0.01%	0.01%
NARI	F	0.02%	0.01%	0.01%
NBIX	F	0.07%	0.04%	0.04%
NCNO	D	0.04%	0.01%	0.01%
NEO	C	0.03%	0.01%	0.01%
NFLX	B	0.35%	1.04%	0.35%
NSSC	F	0.07%	0.01%	0.01%
NTAP	D	0.39%	0.08%	0.08%
NTNX	C	0.36%	0.05%	0.05%
NTRA	B	0.25%	0.06%	0.06%
NTRS	B	0.36%	0.06%	0.06%
NVDA	D	0.41%	10.22%	0.41%
NXPI	D	0.21%	0.2%	0.2%
OKTA	F	0.14%	0.04%	0.04%
OLED	C	0.13%	0.03%	0.03%
OLLI	C	0.21%	0.02%	0.02%
OPCH	C	0.05%	0.02%	0.02%
ORLY	B	0.27%	0.23%	0.23%
OSIS	C	0.08%	0.01%	0.01%
OSW	C	0.13%	0.01%	0.01%
OTTR	D	0.08%	0.01%	0.01%
PANW	D	0.35%	0.39%	0.35%
PAYX	C	0.09%	0.17%	0.09%
PCAR	D	0.23%	0.17%	0.17%
PDFS	D	0.06%	0.01%	0.01%
PDFS	D	0.04%	0.01%	0.01%
PEGA	C	0.19%	0.02%	0.02%
PEP	C	0.09%	0.85%	0.09%
PGNY	F	0.04%	0.01%	0.01%
PI	B	0.14%	0.02%	0.02%
PLAB	F	0.02%	0.01%	0.01%
PLAY	F	0.02%	0.01%	0.01%
PLMR	B	0.11%	0.01%	0.01%
PODD	B	0.2%	0.06%	0.06%
POWL	C	0.14%	0.01%	0.01%
PRCT	B	0.16%	0.02%	0.02%
PRGS	C	0.08%	0.01%	0.01%
PRVA	D	0.05%	0.01%	0.01%
PTC	D	0.08%	0.07%	0.07%
PTCT	C	0.11%	0.01%	0.01%
PTGX	C	0.17%	0.01%	0.01%
RDNT	B	0.14%	0.02%	0.02%
REG	C	0.05%	0.05%	0.05%
RGLD	B	0.05%	0.04%	0.04%
RIVN	F	0.25%	0.05%	0.05%
RKLB	B	0.08%	0.02%	0.02%
ROAD	B	0.14%	0.01%	0.01%
ROCK	D	0.02%	0.01%	0.01%
ROP	C	0.17%	0.2%	0.17%
ROST	C	0.37%	0.18%	0.18%
RRR	D	0.05%	0.01%	0.01%
RUN	C	0.04%	0.02%	0.02%
RVMD	C	0.14%	0.03%	0.03%
RXST	C	0.11%	0.01%	0.01%
RYTM	B	0.09%	0.01%	0.01%
SABR	D	0.06%	0.01%	0.01%
SAIA	D	0.04%	0.04%	0.04%
SATS	B	0.17%	0.02%	0.02%
SBRA	B	0.09%	0.02%	0.02%
SFM	B	0.26%	0.04%	0.04%
SHC	B	0.06%	0.02%	0.02%
SITM	B	0.06%	0.02%	0.02%
SKWD	C	0.1%	0.01%	0.01%
SKYW	C	0.12%	0.01%	0.01%
SMCI	F	0.14%	0.09%	0.09%
SMMT	C	0.4%	0.09%	0.09%
SMPL	D	0.08%	0.01%	0.01%
SMTC	C	0.14%	0.02%	0.02%
SNPS	D	0.21%	0.26%	0.21%
SOFI	C	0.1%	0.03%	0.03%
SRPT	F	0.17%	0.04%	0.04%
STRL	B	0.13%	0.02%	0.02%
STX	D	0.42%	0.08%	0.08%
SYBT	B	0.09%	0.01%	0.01%
TBBK	B	0.13%	0.01%	0.01%
TECH	C	0.04%	0.04%	0.04%
TENB	D	0.04%	0.02%	0.02%
TGTX	B	0.03%	0.02%	0.02%
TMDX	C	0.12%	0.02%	0.02%
TMUS	C	0.29%	0.83%	0.29%
TNDM	C	0.11%	0.01%	0.01%
TPG	B	0.1%	0.02%	0.02%
TTD	B	0.19%	0.16%	0.16%
TTEK	C	0.24%	0.04%	0.04%
TTWO	D	0.08%	0.09%	0.08%
TW	A	0.19%	0.05%	0.05%
TWST	D	0.12%	0.01%	0.01%
TXN	C	0.09%	0.63%	0.09%
TXRH	D	0.2%	0.03%	0.03%
UFPT	C	0.12%	0.01%	0.01%
USLM	B	0.14%	0.01%	0.01%
VC	F	0.02%	0.01%	0.01%
VCEL	D	0.05%	0.01%	0.01%
VCYT	B	0.04%	0.01%	0.01%
VECO	F	0.07%	0.01%	0.01%
VERX	D	0.1%	0.01%	0.01%
VRNS	C	0.14%	0.02%	0.02%
VRRM	D	0.13%	0.02%	0.02%
VRSK	D	0.17%	0.13%	0.13%
VRTX	D	0.35%	0.43%	0.35%
WABC	D	0.07%	0.01%	0.01%
WDFC	B	0.05%	0.01%	0.01%
WEN	C	0.04%	0.01%	0.01%
WFRD	F	0.16%	0.02%	0.02%
WINA	C	0.02%	0.01%	0.01%
WING	B	0.2%	0.04%	0.04%
WMG	D	0.08%	0.02%	0.02%
WSC	D	0.04%	0.03%	0.03%
WWD	D	0.2%	0.03%	0.03%
WYNN	D	0.11%	0.03%	0.03%
ZS	F	0.15%	0.09%	0.09%

FAD Overweight 364 Positions Relative to ONEQ

Symbol	Grade	Weight
IRM	B	0.56%
HWM	B	0.52%
HEI	B	0.5%
KKR	B	0.5%
BK	A	0.49%
GE	B	0.48%
TJX	C	0.47%
GDDY	C	0.47%
LII	B	0.47%
TT	B	0.47%
WAB	A	0.46%
MMM	B	0.45%
RCL	B	0.45%
GRMN	D	0.45%
PWR	B	0.45%
BAH	B	0.44%
LLY	C	0.44%
ANET	B	0.44%
VST	C	0.43%
FICO	A	0.43%
JPM	D	0.43%
VRT	C	0.42%
HLT	B	0.42%
DECK	C	0.41%
APO	C	0.41%
URI	B	0.39%
MSI	C	0.39%
AJG	C	0.39%
ORCL	B	0.39%
BRO	C	0.39%
CMG	C	0.38%
TDG	B	0.37%
BSX	B	0.37%
CL	C	0.37%
ECL	B	0.36%
RSG	D	0.36%
CSL	C	0.35%
PLTR	B	0.35%
CAT	C	0.35%
UBER	C	0.34%
IR	C	0.34%
PSTG	F	0.33%
DAL	C	0.33%
ETN	C	0.33%
CCL	C	0.32%
PHM	B	0.32%
APH	D	0.32%
PM	C	0.31%
TYL	C	0.29%
PH	B	0.29%
ARES	B	0.28%
NOW	A	0.28%
MCO	A	0.28%
DPZ	F	0.27%
BR	D	0.27%
MMC	C	0.27%
WSO	C	0.26%
ROL	C	0.26%
DLR	B	0.26%
LYV	B	0.26%
AZO	D	0.26%
WMB	B	0.26%
HRB	C	0.25%
MOG.A	B	0.25%
DVA	B	0.25%
PSN	B	0.25%
MUSA	C	0.24%
XYL	D	0.24%
FIX	B	0.24%
CW	B	0.24%
ALSN	B	0.24%
WM	D	0.24%
OTIS	D	0.24%
CLH	B	0.23%
BCO	B	0.23%
EME	B	0.23%
ITGR	B	0.23%
CVNA	B	0.23%
POST	C	0.23%
MOD	C	0.23%
ATI	C	0.23%
BFAM	C	0.22%
TOL	B	0.22%
PINS	F	0.22%
MGM	D	0.21%
SFBS	B	0.21%
GWRE	A	0.21%
IBM	B	0.21%
NVR	B	0.21%
WELL	B	0.21%
TOST	B	0.21%
SO	B	0.2%
ESS	B	0.2%
MO	C	0.2%
PPL	C	0.2%
KNF	B	0.2%
H	C	0.2%
TPL	C	0.19%
SYK	C	0.19%
RYAN	C	0.19%
GWW	B	0.19%
BMI	B	0.19%
HUBB	B	0.19%
AWI	B	0.19%
ARMK	B	0.19%
ZETA	B	0.19%
STE	C	0.19%
KTB	B	0.19%
KO	B	0.19%
CBT	B	0.19%
AVB	B	0.19%
IT	B	0.19%
FSS	D	0.18%
INVH	C	0.18%
NYT	C	0.18%
ITT	C	0.18%
AIT	C	0.18%
GKOS	D	0.18%
TKO	B	0.18%
PG	C	0.18%
PRI	B	0.18%
ATR	B	0.18%
KD	D	0.18%
OSCR	B	0.17%
AM	B	0.17%
ANF	D	0.17%
MTD	D	0.17%
CRM	D	0.17%
CHD	C	0.17%
RL	B	0.17%
WSM	C	0.17%
FCN	C	0.17%
XPO	D	0.17%
BWXT	D	0.17%
CRS	B	0.16%
CNK	B	0.16%
MLM	D	0.16%
HCC	F	0.15%
INGR	A	0.15%
EPRT	A	0.15%
SMAR	B	0.15%
GVA	B	0.15%
OHI	A	0.15%
QTWO	B	0.15%
ONTO	F	0.15%
APG	D	0.15%
CFR	C	0.14%
RLI	B	0.14%
IBP	C	0.14%
TDS	C	0.14%
ACA	C	0.14%
KAI	C	0.14%
SGBX	F	0.14%
PJT	B	0.14%
SPNT	C	0.14%
IRT	B	0.14%
PLNT	A	0.14%
LRN	B	0.14%
FOUR	C	0.14%
SNAP	F	0.14%
DCI	D	0.13%
OWL	C	0.13%
TDW	F	0.13%
AXTA	C	0.13%
BRBR	B	0.13%
TRN	C	0.13%
ATGE	D	0.13%
WHD	C	0.13%
NCLH	C	0.13%
GOLF	F	0.13%
ESAB	C	0.13%
GATX	D	0.13%
DY	B	0.13%
STWD	A	0.13%
AROC	C	0.12%
ELF	F	0.12%
BKD	D	0.12%
IOT	A	0.12%
MSA	C	0.12%
SLG	B	0.12%
NHI	A	0.12%
AZZ	C	0.12%
EXP	B	0.11%
EPAC	B	0.11%
CNM	F	0.11%
PR	D	0.11%
RMD	C	0.11%
BRC	B	0.11%
ESTC	F	0.11%
TRU	B	0.11%
CEIX	D	0.11%
TGLS	B	0.1%
GPK	B	0.1%
CPAY	B	0.1%
HLX	D	0.1%
UDR	B	0.1%
SPGI	B	0.1%
CPT	B	0.1%
SPR	D	0.1%
GRBK	B	0.1%
AON	B	0.1%
HIMS	D	0.1%
BOWL	D	0.1%
MAS	B	0.1%
PMT	B	0.1%
KNSL	C	0.1%
GFF	C	0.1%
JWN	B	0.1%
SCS	B	0.1%
ADC	C	0.1%
SHW	B	0.1%
PAR	B	0.09%
DSGR	B	0.09%
CARS	D	0.09%
HRI	C	0.09%
AZEK	C	0.09%
DRI	C	0.09%
CHH	C	0.09%
WRBY	D	0.09%
CBZ	F	0.09%
ORA	C	0.09%
SPG	B	0.09%
MAC	B	0.09%
S	C	0.09%
V	B	0.09%
AKR	C	0.09%
TNL	D	0.09%
MSGS	B	0.09%
HD	B	0.09%
CAL	F	0.09%
AMH	C	0.09%
MA	B	0.09%
RPM	B	0.09%
PFGC	B	0.09%
ZWS	B	0.09%
GBX	C	0.09%
LVS	D	0.08%
CDRE	C	0.08%
KNTK	B	0.08%
HAE	D	0.08%
WMS	D	0.08%
ALX	B	0.08%
YOU	B	0.08%
NET	F	0.08%
VMC	D	0.08%
ROK	D	0.08%
LPG	F	0.08%
BROS	D	0.08%
ESRT	B	0.08%
SHAK	C	0.08%
INSW	D	0.08%
STZ	C	0.08%
AOS	C	0.08%
TNET	D	0.08%
NSA	B	0.08%
UE	B	0.08%
AME	C	0.08%
HASI	B	0.08%
BLD	D	0.08%
IIPR	B	0.08%
MIR	D	0.07%
EVH	C	0.07%
PK	D	0.07%
THR	D	0.07%
TNC	D	0.07%
GPOR	C	0.07%
DOCS	B	0.07%
VGR	C	0.07%
GBDC	C	0.07%
HUBS	D	0.07%
INFA	D	0.07%
SLB	F	0.07%
BA	F	0.07%
ENV	C	0.07%
VNT	D	0.07%
AESI	C	0.07%
SWI	B	0.07%
SAM	F	0.07%
AGM	D	0.07%
ESE	B	0.06%
JBI	F	0.06%
SKT	B	0.06%
OUT	B	0.06%
IVT	B	0.06%
NABL	D	0.06%
CTRE	B	0.06%
EW	F	0.06%
TGI	D	0.06%
AMR	F	0.06%
LW	D	0.06%
DFH	C	0.06%
YELP	F	0.05%
SSD	C	0.05%
NEU	D	0.05%
TPX	C	0.05%
PEB	D	0.05%
EGP	B	0.05%
SHO	D	0.05%
WEX	C	0.05%
ETWO	C	0.05%
FOR	C	0.05%
NNN	B	0.05%
AMC	D	0.05%
DOC	C	0.05%
EPR	B	0.05%
DRH	C	0.05%
NOVA	C	0.05%
GIC	D	0.05%
ALLE	B	0.05%
CUBE	B	0.05%
KRG	B	0.05%
BRX	B	0.05%
SXI	C	0.05%
SMG	C	0.05%
JOE	C	0.05%
LADR	B	0.05%
TR	C	0.05%
BOX	B	0.05%
LTC	B	0.05%
CNS	B	0.05%
AIV	B	0.05%
MLNK	C	0.05%
PCOR	F	0.04%
TRIP	F	0.04%
AGL	F	0.04%
XMTR	D	0.04%
BE	F	0.04%
HXL	F	0.04%
RAMP	F	0.04%
RHP	D	0.04%
YETI	D	0.04%
ZUO	D	0.04%
AES	C	0.04%
CHE	C	0.04%
WTS	C	0.04%
RBC	C	0.04%
NTST	D	0.03%
PLYM	D	0.03%
CNMD	D	0.03%
LMND	D	0.03%
BANC	B	0.03%
AMWD	C	0.03%
AWR	B	0.03%
DOCN	B	0.03%
PHR	C	0.03%
KW	C	0.03%
FCPT	A	0.03%
UMH	C	0.03%
CWAN	A	0.03%
CIVI	F	0.03%
RKT	B	0.03%
AI	F	0.02%
CXM	F	0.02%
UEC	F	0.02%
CTKB	F	0.02%
WNC	F	0.02%
MCW	F	0.02%
RES	D	0.02%
UPWK	D	0.02%
MTRN	D	0.02%
EVTC	D	0.02%
DBRG	D	0.02%
ALG	D	0.02%
RNG	D	0.02%

FAD Underweight 548 Positions Relative to ONEQ

Symbol	Grade	Weight
GOOG	D	-3.1%
TSLA	C	-2.56%
CSCO	B	-0.7%
QCOM	D	-0.65%
CMCSA	D	-0.54%
REGN	C	-0.43%
SBUX	C	-0.39%
MELI	B	-0.38%
GILD	B	-0.36%
MDLZ	B	-0.35%
MU	F	-0.35%
INTC	F	-0.29%
CME	C	-0.28%
EQIX	B	-0.28%
ASML	D	-0.26%
PYPL	B	-0.25%
CSX	D	-0.23%
PDD	F	-0.22%
FTNT	C	-0.2%
AEP	B	-0.19%
ABNB	D	-0.18%
WDAY	D	-0.18%
MNST	C	-0.18%
CHTR	D	-0.17%
KDP	A	-0.17%
AZN	D	-0.16%
ODFL	C	-0.15%
NDAQ	B	-0.15%
ACGL	B	-0.15%
KHC	C	-0.15%
FAST	C	-0.14%
EXC	B	-0.14%
GEHC	C	-0.14%
IDXX	C	-0.14%
MCHP	D	-0.14%
CCEP	B	-0.13%
XEL	A	-0.13%
CTSH	C	-0.13%
COIN	F	-0.12%
BKR	D	-0.12%
FANG	D	-0.11%
TSCO	C	-0.11%
EBAY	B	-0.11%
CSGP	D	-0.11%
LULU	D	-0.11%
DXCM	F	-0.1%
FITB	B	-0.1%
CDW	D	-0.1%
BIIB	F	-0.1%
WTW	B	-0.1%
ON	D	-0.1%
SBAC	C	-0.09%
TEAM	F	-0.09%
MRNA	F	-0.09%
ANSS	F	-0.09%
WDC	D	-0.08%
GFS	F	-0.08%
MDB	D	-0.08%
TROW	D	-0.08%
ICLR	D	-0.08%
HBAN	B	-0.07%
CINF	B	-0.07%
TER	D	-0.07%
CHKP	C	-0.07%
WBD	D	-0.07%
ILMN	C	-0.07%
UAL	B	-0.06%
JBHT	D	-0.06%
BMRN	F	-0.06%
SNY	C	-0.06%
ULTA	D	-0.06%
VRSN	D	-0.06%
SSNC	B	-0.06%
ZM	C	-0.06%
ZBRA	B	-0.06%
STLD	D	-0.06%
ARM	D	-0.06%
HOLX	B	-0.06%
PFG	B	-0.06%
ARGX	C	-0.06%
ALGN	D	-0.06%
JD	D	-0.05%
POOL	C	-0.05%
GRAB	B	-0.05%
BNTX	C	-0.05%
NDSN	C	-0.05%
LOGI	D	-0.05%
TRMB	C	-0.05%
VTRS	C	-0.05%
PCVX	B	-0.05%
LNT	A	-0.05%
DLTR	F	-0.05%
BSY	D	-0.05%
UTHR	C	-0.05%
AKAM	D	-0.05%
CG	C	-0.05%
TCOM	C	-0.05%
CPB	B	-0.05%
SWKS	F	-0.05%
ENPH	C	-0.05%
NTES	F	-0.04%
PPC	D	-0.04%
Z	B	-0.04%
EWBC	C	-0.04%
MKTX	C	-0.04%
CHRW	B	-0.04%
LCID	C	-0.04%
CYBR	D	-0.04%
PAA	D	-0.04%
BIDU	F	-0.04%
INCY	C	-0.04%
RPRX	C	-0.04%
FLEX	C	-0.04%
MNDY	B	-0.04%
EXAS	C	-0.04%
GLPI	B	-0.04%
EVRG	A	-0.04%
MAT	C	-0.03%
GLBE	C	-0.03%
REYN	C	-0.03%
ETSY	F	-0.03%
AMKR	F	-0.03%
FOX	B	-0.03%
VKTX	C	-0.03%
GTLB	D	-0.03%
MMYT	B	-0.03%
RGEN	F	-0.03%
ASND	C	-0.03%
ACHC	C	-0.03%
CZR	C	-0.03%
HSIC	C	-0.03%
SPSC	D	-0.03%
FOXA	B	-0.03%
CROX	C	-0.03%
LBRDK	D	-0.03%
XP	D	-0.03%
NICE	F	-0.03%
CHRD	F	-0.03%
PARA	F	-0.03%
WBA	F	-0.03%
APA	F	-0.03%
CBSH	C	-0.03%
NWSA	D	-0.03%
WIX	D	-0.03%
SEIC	B	-0.03%
OTEX	D	-0.03%
QRVO	F	-0.03%
ROKU	C	-0.03%
PCTY	C	-0.03%
DOX	C	-0.03%
LECO	F	-0.03%
BRKR	D	-0.03%
MTCH	C	-0.03%
BGNE	C	-0.03%
CHK	D	-0.03%
LKQ	D	-0.03%
FYBR	C	-0.03%
TCBI	B	-0.02%
PTEN	F	-0.02%
CVCO	B	-0.02%
VCTR	B	-0.02%
NWL	D	-0.02%
GLNG	D	-0.02%
SLAB	D	-0.02%
LITE	B	-0.02%
PLXS	B	-0.02%
FOLD	D	-0.02%
IAC	C	-0.02%
NMIH	B	-0.02%
CRSP	F	-0.02%
STEP	B	-0.02%
RMBS	F	-0.02%
NPAB	D	-0.02%
IBOC	C	-0.02%
EXPI	C	-0.02%
VOD	B	-0.02%
SANM	D	-0.02%
PCH	C	-0.02%
AUR	C	-0.02%
TFSL	C	-0.02%
CHCI	C	-0.02%
BECN	D	-0.02%
BGC	B	-0.02%
XRAY	D	-0.02%
QLYS	F	-0.02%
COLM	B	-0.02%
VLY	C	-0.02%
IMVT	D	-0.02%
QXO	F	-0.02%
LANC	D	-0.02%
CLBT	B	-0.02%
APLS	F	-0.02%
SGRY	C	-0.02%
HTHT	F	-0.02%
ONB	C	-0.02%
CACC	D	-0.02%
ACLX	B	-0.02%
HWC	D	-0.02%
HCP	A	-0.02%
SRCL	A	-0.02%
ASO	C	-0.02%
LEGN	F	-0.02%
SLM	C	-0.02%
CNXC	D	-0.02%
WTFC	B	-0.02%
PECO	B	-0.02%
DBX	D	-0.02%
LSTR	D	-0.02%
IEP	F	-0.02%
BBIO	D	-0.02%
CHX	D	-0.02%
TIGO	B	-0.02%
MDGL	F	-0.02%
UBSI	B	-0.02%
FIVE	D	-0.02%
ESGR	D	-0.02%
COOP	B	-0.02%
ICUI	B	-0.02%
SAIC	C	-0.02%
UMBF	B	-0.02%
AMBA	C	-0.02%
BPOP	C	-0.02%
ZION	D	-0.02%
NSIT	C	-0.02%
COLB	B	-0.02%
FUTU	D	-0.02%
PNFP	B	-0.02%
SIGI	C	-0.02%
NUVL	C	-0.02%
MASI	D	-0.02%
RARE	B	-0.02%
AGNC	A	-0.02%
CYTK	F	-0.02%
NXST	D	-0.02%
AAL	D	-0.02%
CGNX	D	-0.02%
JAZZ	D	-0.02%
FFIN	B	-0.02%
RCM	C	-0.02%
LSCC	D	-0.02%
UFPI	C	-0.02%
LFUS	D	-0.02%
ACT	A	-0.02%
BOKF	B	-0.02%
FRHC	B	-0.02%
NOVT	D	-0.02%
MIDD	C	-0.02%
CRUS	D	-0.02%
IQ	F	-0.01%
PYCR	D	-0.01%
SANA	F	-0.01%
ISTR	B	-0.01%
MNTK	F	-0.01%
HAFC	C	-0.01%
TRDA	F	-0.01%
TTGT	F	-0.01%
JBSS	D	-0.01%
NNDM	D	-0.01%
LQDA	F	-0.01%
SRCL	A	-0.01%
LBRDA	D	-0.01%
MOMO	D	-0.01%
CBRL	D	-0.01%
JACK	F	-0.01%
CERS	F	-0.01%
CIFR	F	-0.01%
GLUE	C	-0.01%
FFIC	C	-0.01%
GSM	F	-0.01%
OABI	D	-0.01%
GDEN	D	-0.01%
PLYA	D	-0.01%
SCHL	D	-0.01%
CNSL	A	-0.01%
RIOT	F	-0.01%
BCBP	C	-0.01%
SRRK	F	-0.01%
SOUN	D	-0.01%
WASH	B	-0.01%
TRS	D	-0.01%
SVRA	D	-0.01%
KELYA	D	-0.01%
EYE	F	-0.01%
NEXT	F	-0.01%
SAVA	C	-0.01%
FLYW	F	-0.01%
CMCO	F	-0.01%
ESTA	F	-0.01%
ICHR	F	-0.01%
MATW	F	-0.01%
IMKTA	D	-0.01%
WVE	D	-0.01%
DHC	B	-0.01%
NNBR	F	-0.01%
KALU	F	-0.01%
ULCC	D	-0.01%
ODP	F	-0.01%
EMBC	C	-0.01%
FLGT	D	-0.01%
CVAC	F	-0.01%
OPK	C	-0.01%
PFC	C	-0.01%
TREE	C	-0.01%
IBUY	B	-0.01%
GMAB	F	-0.01%
CEVA	C	-0.01%
TYRA	B	-0.01%
MLCO	F	-0.01%
AVAH	C	-0.01%
WB	F	-0.01%
WULF	D	-0.01%
CDNA	C	-0.01%
BLMN	F	-0.01%
COHU	F	-0.01%
SDGR	F	-0.01%
TARS	C	-0.01%
NVEE	F	-0.01%
HTLD	D	-0.01%
DLO	D	-0.01%
VIR	F	-0.01%
VRNT	F	-0.01%
HBNC	B	-0.01%
VSEC	C	-0.01%
VITL	D	-0.01%
AVO	A	-0.01%
AMED	C	-0.01%
AMSF	C	-0.01%
CNDT	C	-0.01%
APOG	B	-0.01%
RDWR	C	-0.01%
COMM	B	-0.01%
IMCR	F	-0.01%
THRM	D	-0.01%
TRNS	C	-0.01%
HROW	B	-0.01%
CRAI	C	-0.01%
SPT	F	-0.01%
TH	D	-0.01%
PFBC	C	-0.01%
INMD	D	-0.01%
CENX	D	-0.01%
CLOV	C	-0.01%
ATAT	A	-0.01%
DGII	D	-0.01%
GDYN	C	-0.01%
PEBO	C	-0.01%
MCRI	B	-0.01%
ULH	C	-0.01%
STAA	F	-0.01%
BLBD	C	-0.01%
SCSC	D	-0.01%
UCTT	F	-0.01%
CSGS	C	-0.01%
MRVI	C	-0.01%
SCVL	B	-0.01%
MRTN	D	-0.01%
OCFC	B	-0.01%
UDMY	F	-0.01%
QNST	B	-0.01%
IMTX	C	-0.01%
CAKE	C	-0.01%
TCBK	C	-0.01%
VMEO	C	-0.01%
DAWN	F	-0.01%
VERA	C	-0.01%
NVAX	D	-0.01%
ECPG	C	-0.01%
SAFT	C	-0.01%
UNIT	C	-0.01%
GABC	C	-0.01%
INBK	C	-0.01%
BILI	D	-0.01%
ANDE	D	-0.01%
RNW	C	-0.01%
DCOM	B	-0.01%
MSEX	C	-0.01%
NAVI	C	-0.01%
CAR	F	-0.01%
TLRY	F	-0.01%
INVA	B	-0.01%
DVAX	D	-0.01%
RCKT	D	-0.01%
AXNX	B	-0.01%
CENTA	D	-0.01%
HLIT	C	-0.01%
AHCO	B	-0.01%
FIVN	F	-0.01%
HAIN	D	-0.01%
PRDO	D	-0.01%
TTMI	D	-0.01%
SIMO	F	-0.01%
FTRE	F	-0.01%
APPN	D	-0.01%
CHEF	C	-0.01%
SUPN	C	-0.01%
NWBI	C	-0.01%
VBTX	B	-0.01%
SEDG	F	-0.01%
RPD	F	-0.01%
COGT	C	-0.01%
PAGP	D	-0.01%
PDCO	F	-0.01%
SBLK	D	-0.01%
SNDX	F	-0.01%
ARVN	F	-0.01%
AY	B	-0.01%
KURA	D	-0.01%
CNXN	B	-0.01%
ROIC	B	-0.01%
BUSE	C	-0.01%
NTCT	D	-0.01%
FWRD	C	-0.01%
HTZ	D	-0.01%
XRX	F	-0.01%
NFE	F	-0.01%
HOPE	B	-0.01%
EWTX	D	-0.01%
PTVE	D	-0.01%
GDS	C	-0.01%
WSBC	D	-0.01%
FRME	C	-0.01%
CASH	B	-0.01%
HPK	D	-0.01%
INFN	B	-0.01%
DOOO	F	-0.01%
OLPX	C	-0.01%
BVS	B	-0.01%
NVCR	D	-0.01%
EVCM	D	-0.01%
JANX	C	-0.01%
WERN	D	-0.01%
SPNS	D	-0.01%
STRA	D	-0.01%
PCT	C	-0.01%
GGAL	B	-0.01%
DNUT	D	-0.01%
PINC	C	-0.01%
CRTO	D	-0.01%
TRMK	C	-0.01%
GT	F	-0.01%
BANR	B	-0.01%
LGND	C	-0.01%
SBCF	C	-0.01%
EFSC	B	-0.01%
AZTA	D	-0.01%
STBA	B	-0.01%
MNKD	B	-0.01%
YY	C	-0.01%
VIAV	D	-0.01%
KLIC	D	-0.01%
MLKN	D	-0.01%
TRUP	C	-0.01%
MGPI	C	-0.01%
FFBC	C	-0.01%
CLBK	C	-0.01%
ARCB	D	-0.01%
JBLU	D	-0.01%
LGIH	C	-0.01%
XPEL	D	-0.01%
NMRK	B	-0.01%
PLUG	F	-0.01%
FBNC	B	-0.01%
ATRC	C	-0.01%
ADUS	B	-0.01%
LIVN	D	-0.01%
PLTK	C	-0.01%
GOGL	D	-0.01%
INDB	C	-0.01%
ATSG	D	-0.01%
ZG	B	-0.01%
AKRO	C	-0.01%
VRNA	B	-0.01%
RBCAA	B	-0.01%
MGRC	F	-0.01%
SVC	F	-0.01%
PPBI	D	-0.01%
FROG	F	-0.01%
DIOD	F	-0.01%
KROS	C	-0.01%
CVBF	C	-0.01%
CGON	C	-0.01%
BL	D	-0.01%
NBTB	D	-0.01%
MQ	F	-0.01%
PSMT	B	-0.01%
FRSH	F	-0.01%
FULT	C	-0.01%
ZD	D	-0.01%
ERII	D	-0.01%
TXG	D	-0.01%
ERIC	B	-0.01%
AMPH	C	-0.01%
NWE	A	-0.01%
PLUS	B	-0.01%
PRFT	A	-0.01%
OMCL	C	-0.01%
IOVA	D	-0.01%
XNCR	C	-0.01%
DYN	D	-0.01%
MRCY	C	-0.01%
SNEX	C	-0.01%
UPST	C	-0.01%
BHF	D	-0.01%
IBTX	B	-0.01%
ACAD	F	-0.01%
BRZE	F	-0.01%
SYNA	F	-0.01%
HTLF	B	-0.01%
LILAK	D	-0.01%
EBC	B	-0.01%
ASTE	F	-0.01%
SWTX	F	-0.01%
ASTH	B	-0.01%
BZ	F	-0.01%
FHB	C	-0.01%
TOWN	B	-0.01%
GSHD	B	-0.01%
IDYA	F	-0.01%
HUBG	C	-0.01%
AVT	D	-0.01%
QFIN	B	-0.01%
SFNC	B	-0.01%
IRDM	D	-0.01%
URBN	D	-0.01%
SHOO	B	-0.01%
OZK	D	-0.01%
CATY	B	-0.01%
ARWR	F	-0.01%
ARLP	C	-0.01%
PENN	D	-0.01%
FIBK	B	-0.01%
PATK	B	-0.01%
POWI	F	-0.01%
TRMD	C	-0.01%
CALM	B	-0.01%
LFST	C	-0.01%
RNA	C	-0.01%
LI	D	-0.01%
DORM	B	-0.01%
XENE	D	-0.01%
WSFS	C	-0.01%
VIRT	B	-0.01%
NWS	D	-0.01%
STNE	F	-0.01%
VICR	F	-0.01%
WAFD	B	-0.01%
NEOG	C	-0.01%
RUSHA	C	-0.01%