FNDX vs. ONEQ ETF Comparison

Comparison of Schwab Fundamental U.S. Large Company Index ETF (FNDX) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.71

Average Daily Volume

1,102,453

Number of Holdings ^*

720

* 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

$76.04

Average Daily Volume

240,660

Number of Holdings ^*

843

* may have additional holdings in another (foreign) market

Performance

Period	FNDX	ONEQ
30 Days	3.30%	5.45%
60 Days	7.97%	14.27%
90 Days	10.83%	15.34%
12 Months	35.19%	43.62%

184 Overlapping Holdings

Symbol	Grade	Weight in FNDX	Weight in ONEQ	Overlap
AAL	C	0.01%	0.03%	0.01%
AAPL	B	4.47%	11.61%	4.47%
ACGL	D	0.03%	0.13%	0.03%
ADBE	F	0.18%	0.71%	0.18%
ADI	D	0.14%	0.38%	0.14%
ADP	A	0.15%	0.39%	0.15%
ADSK	A	0.03%	0.2%	0.03%
AEP	D	0.17%	0.17%	0.17%
AKAM	F	0.04%	0.05%	0.04%
ALGN	F	0.02%	0.05%	0.02%
AMAT	D	0.24%	0.51%	0.24%
AMD	F	0.1%	0.8%	0.1%
AMGN	C	0.43%	0.56%	0.43%
AMZN	B	1.4%	6.73%	1.4%
ANDE	D	0.01%	0.01%	0.01%
ANSS	B	0.02%	0.09%	0.02%
APA	F	0.03%	0.03%	0.03%
ASO	F	0.02%	0.02%	0.02%
AVGO	B	0.66%	2.72%	0.66%
AVT	B	0.08%	0.01%	0.01%
BECN	B	0.02%	0.02%	0.02%
BIIB	F	0.1%	0.09%	0.09%
BKNG	B	0.22%	0.49%	0.22%
BKR	B	0.14%	0.12%	0.12%
BPOP	D	0.02%	0.02%	0.02%
CAR	D	0.02%	0.01%	0.01%
CASY	B	0.05%	0.05%	0.05%
CCEP	D	0.02%	0.11%	0.02%
CDNS	B	0.03%	0.26%	0.03%
CDW	F	0.06%	0.08%	0.06%
CEG	D	0.12%	0.27%	0.12%
CG	B	0.03%	0.06%	0.03%
CHKP	D	0.02%	0.06%	0.02%
CHRW	B	0.08%	0.04%	0.04%
CHTR	B	0.29%	0.16%	0.16%
CINF	B	0.07%	0.07%	0.07%
CMCSA	B	0.81%	0.54%	0.54%
CME	B	0.08%	0.28%	0.08%
CNXC	F	0.01%	0.01%	0.01%
COST	B	0.64%	1.29%	0.64%
CPB	D	0.03%	0.05%	0.03%
CPRT	B	0.03%	0.16%	0.03%
CSCO	A	0.81%	0.74%	0.74%
CSX	B	0.2%	0.2%	0.2%
CTAS	A	0.08%	0.26%	0.08%
CTSH	B	0.18%	0.12%	0.12%
CZR	D	0.02%	0.03%	0.02%
DBX	C	0.01%	0.02%	0.01%
DLTR	F	0.05%	0.04%	0.04%
DOX	A	0.04%	0.03%	0.03%
EA	B	0.08%	0.13%	0.08%
EBAY	D	0.18%	0.1%	0.1%
EQIX	B	0.08%	0.28%	0.08%
EVRG	B	0.07%	0.04%	0.04%
EWBC	B	0.03%	0.04%	0.03%
EXC	D	0.18%	0.13%	0.13%
EXPE	B	0.03%	0.06%	0.03%
FANG	D	0.05%	0.17%	0.05%
FAST	B	0.07%	0.16%	0.07%
FCNCA	B	0.02%	0.09%	0.02%
FFIV	B	0.03%	0.04%	0.03%
FITB	B	0.12%	0.09%	0.09%
FLEX	A	0.06%	0.05%	0.05%
FOXA	B	0.09%	0.03%	0.03%
FSLR	F	0.01%	0.07%	0.01%
FTNT	A	0.03%	0.2%	0.03%
FYBR	C	0.04%	0.03%	0.03%
GEHC	D	0.1%	0.13%	0.1%
GEN	B	0.04%	0.05%	0.04%
GILD	B	0.36%	0.36%	0.36%
GLPI	D	0.02%	0.04%	0.02%
GNTX	D	0.03%	0.02%	0.02%
GOOG	B	1.07%	3.27%	1.07%
GOOGL	B	1.25%	3.4%	1.25%
GT	C	0.04%	0.01%	0.01%
HAS	D	0.04%	0.03%	0.03%
HBAN	B	0.07%	0.07%	0.07%
HOLX	D	0.04%	0.06%	0.04%
HON	B	0.36%	0.44%	0.36%
HSIC	F	0.04%	0.03%	0.03%
HST	C	0.04%	0.04%	0.04%
HTZ	D	0.01%	0.01%	0.01%
HUBG	B	0.02%	0.01%	0.01%
ICLR	F	0.01%	0.06%	0.01%
IDXX	F	0.02%	0.12%	0.02%
ILMN	B	0.03%	0.08%	0.03%
INTC	C	0.81%	0.32%	0.32%
INTU	A	0.1%	0.57%	0.1%
ISRG	A	0.08%	0.6%	0.08%
JAZZ	B	0.01%	0.02%	0.01%
JBHT	B	0.04%	0.06%	0.04%
JKHY	C	0.02%	0.04%	0.02%
KDP	F	0.08%	0.15%	0.08%
KHC	F	0.11%	0.13%	0.11%
KLAC	F	0.08%	0.31%	0.08%
LAMR	C	0.02%	0.04%	0.02%
LECO	C	0.02%	0.03%	0.02%
LILAK	F	0.01%	0.01%	0.01%
LIN	D	0.36%	0.73%	0.36%
LKQ	F	0.06%	0.03%	0.03%
LNT	D	0.04%	0.05%	0.04%
LPLA	A	0.04%	0.07%	0.04%
LRCX	D	0.15%	0.33%	0.15%
LSTR	C	0.03%	0.02%	0.02%
LULU	D	0.01%	0.12%	0.01%
MAR	A	0.09%	0.24%	0.09%
MCHP	F	0.06%	0.13%	0.06%
MDLZ	F	0.22%	0.31%	0.22%
META	B	1.8%	4.29%	1.8%
MIDD	C	0.02%	0.03%	0.02%
MKSI	D	0.02%	0.02%	0.02%
MNST	B	0.04%	0.18%	0.04%
MRNA	F	0.04%	0.07%	0.04%
MRVL	B	0.04%	0.24%	0.04%
MSFT	C	2.4%	10.69%	2.4%
MU	C	0.43%	0.38%	0.38%
NAVI	F	0.02%	0.01%	0.01%
NDAQ	B	0.03%	0.14%	0.03%
NDSN	C	0.02%	0.05%	0.02%
NFLX	A	0.14%	1.07%	0.14%
NSIT	F	0.03%	0.02%	0.02%
NTAP	C	0.08%	0.08%	0.08%
NTRS	B	0.07%	0.07%	0.07%
NVDA	B	0.38%	11.34%	0.38%
NWL	B	0.03%	0.02%	0.02%
NWSA	B	0.04%	0.04%	0.04%
NXPI	D	0.05%	0.21%	0.05%
NXST	C	0.03%	0.02%	0.02%
ODFL	B	0.05%	0.15%	0.05%
ODP	F	0.02%	0.01%	0.01%
ON	D	0.04%	0.11%	0.04%
ORLY	B	0.1%	0.23%	0.1%
PANW	A	0.03%	0.38%	0.03%
PARA	C	0.1%	0.03%	0.03%
PAYX	A	0.06%	0.17%	0.06%
PCAR	B	0.14%	0.18%	0.14%
PENN	C	0.02%	0.01%	0.01%
PEP	F	0.44%	0.74%	0.44%
PFG	C	0.09%	0.06%	0.06%
POOL	B	0.02%	0.04%	0.02%
PYPL	A	0.21%	0.26%	0.21%
QCOM	C	0.45%	0.62%	0.45%
QRVO	F	0.05%	0.03%	0.03%
REG	B	0.02%	0.04%	0.02%
REGN	F	0.13%	0.33%	0.13%
ROP	B	0.05%	0.19%	0.05%
ROST	D	0.08%	0.15%	0.08%
RUSHA	B	0.02%	0.02%	0.02%
SAIC	B	0.03%	0.03%	0.03%
SANM	B	0.03%	0.02%	0.02%
SBAC	D	0.02%	0.08%	0.02%
SBUX	B	0.28%	0.37%	0.28%
SEIC	B	0.03%	0.03%	0.03%
SFM	A	0.04%	0.04%	0.04%
SLM	B	0.04%	0.02%	0.02%
SNPS	B	0.03%	0.27%	0.03%
SSNC	C	0.04%	0.05%	0.04%
STLD	B	0.11%	0.07%	0.07%
STX	D	0.1%	0.07%	0.07%
SWKS	F	0.05%	0.05%	0.05%
TER	F	0.04%	0.06%	0.04%
TMUS	A	0.24%	0.84%	0.24%
TRMB	A	0.03%	0.05%	0.03%
TROW	B	0.12%	0.08%	0.08%
TSCO	C	0.06%	0.1%	0.06%
TSLA	B	0.2%	2.74%	0.2%
TTWO	B	0.03%	0.1%	0.03%
TXN	A	0.33%	0.61%	0.33%
UFPI	C	0.04%	0.02%	0.02%
ULTA	C	0.03%	0.06%	0.03%
VRSK	A	0.04%	0.13%	0.04%
VRSN	D	0.01%	0.06%	0.01%
VRTX	A	0.08%	0.4%	0.08%
VTRS	B	0.09%	0.05%	0.05%
WBA	F	0.21%	0.02%	0.02%
WBD	C	0.07%	0.06%	0.06%
WDC	C	0.13%	0.07%	0.07%
WERN	B	0.02%	0.01%	0.01%
WTW	B	0.06%	0.1%	0.06%
XEL	B	0.11%	0.12%	0.11%
XRAY	F	0.02%	0.01%	0.01%
XRX	F	0.02%	0.01%	0.01%
ZBRA	B	0.04%	0.07%	0.04%
ZION	B	0.05%	0.02%	0.02%

FNDX Overweight 536 Positions Relative to ONEQ

Symbol	Grade	Weight
BRK.A	C	2.19%
XOM	B	2.01%
JPM	B	1.9%
WMT	A	1.42%
T	B	1.25%
VZ	D	1.22%
WFC	B	1.21%
BAC	B	1.21%
CVX	B	1.18%
UNH	B	1.17%
C	B	1.04%
JNJ	D	0.97%
HD	B	0.83%
PG	D	0.8%
CVS	F	0.79%
PFE	F	0.77%
GM	B	0.68%
IBM	D	0.61%
GS	B	0.56%
ABBV	B	0.55%
CI	F	0.53%
ORCL	A	0.48%
MRK	F	0.48%
LUMN	B	0.47%
COP	C	0.46%
PM	C	0.45%
LOW	B	0.45%
LMT	D	0.42%
COF	B	0.42%
CAT	B	0.42%
MS	B	0.42%
BMY	C	0.41%
KO	D	0.4%
ELV	F	0.4%
MPC	F	0.4%
DIS	C	0.4%
TGT	F	0.39%
VLO	D	0.38%
UNP	D	0.37%
PSX	F	0.37%
ACN	C	0.37%
RTX	C	0.36%
AXP	B	0.36%
MCD	D	0.36%
MMM	C	0.36%
ABT	B	0.35%
MO	B	0.34%
V	B	0.34%
DUK	D	0.33%
F	D	0.33%
TRV	B	0.32%
USB	B	0.32%
SYF	B	0.3%
FDX	B	0.3%
KR	A	0.29%
AIG	C	0.29%
UPS	D	0.29%
SO	D	0.28%
CB	D	0.28%
PNC	A	0.28%
TMO	F	0.28%
MA	A	0.28%
BK	B	0.27%
MET	C	0.27%
NEE	D	0.27%
ALL	B	0.27%
DE	C	0.24%
HCA	D	0.24%
PRU	C	0.23%
PGR	B	0.23%
ADM	F	0.23%
LLY	D	0.23%
DOW	F	0.22%
AFL	D	0.22%
GD	B	0.22%
TJX	C	0.22%
EOG	B	0.22%
ETN	A	0.22%
DFS	B	0.22%
HPE	B	0.21%
NKE	F	0.21%
CNC	F	0.21%
NOC	C	0.21%
KMI	A	0.21%
NUE	C	0.21%
TFC	B	0.21%
HPQ	B	0.21%
D	C	0.19%
DHI	D	0.19%
TSN	D	0.19%
NSC	B	0.19%
CMI	B	0.18%
HUM	F	0.18%
LEN	D	0.18%
DD	D	0.18%
NEM	D	0.18%
DHR	F	0.17%
GE	C	0.17%
BBY	D	0.17%
MDT	C	0.17%
WMB	B	0.16%
LHX	A	0.16%
ITW	B	0.15%
WM	B	0.15%
HIG	C	0.15%
EMR	B	0.15%
JCI	A	0.15%
SPGI	D	0.15%
LYB	F	0.15%
FCX	C	0.15%
CRM	A	0.14%
AMP	B	0.14%
GLW	B	0.14%
CL	F	0.14%
IP	B	0.14%
MMC	C	0.14%
VST	B	0.14%
GIS	F	0.13%
PHM	D	0.13%
ED	D	0.13%
AMT	F	0.13%
APD	B	0.13%
URI	B	0.13%
CARR	D	0.13%
BDX	F	0.12%
PH	B	0.12%
ICE	D	0.12%
FIS	C	0.12%
SYK	A	0.12%
BX	A	0.12%
SLB	D	0.12%
SRE	A	0.12%
AON	B	0.12%
FI	B	0.12%
BA	F	0.12%
CBRE	A	0.12%
OKE	A	0.12%
PPL	B	0.11%
KMB	D	0.11%
ETR	B	0.11%
OXY	F	0.11%
PEG	D	0.11%
KKR	B	0.11%
BG	F	0.11%
SCHW	B	0.11%
CFG	B	0.1%
ALLY	C	0.1%
SYY	C	0.1%
WY	D	0.1%
STT	B	0.1%
NRG	B	0.1%
EIX	D	0.1%
CCI	D	0.1%
MTB	B	0.1%
WELL	B	0.1%
SPG	A	0.1%
RS	B	0.09%
WEC	B	0.09%
SHW	B	0.09%
JLL	C	0.09%
DG	F	0.09%
PPG	F	0.09%
ECL	D	0.09%
BSX	A	0.09%
ARW	F	0.09%
MCK	B	0.09%
DVN	F	0.09%
WKC	D	0.09%
CTVA	C	0.09%
KEY	B	0.09%
UHS	D	0.09%
FE	D	0.09%
SW	B	0.08%
X	C	0.08%
LDOS	A	0.08%
IQV	F	0.08%
BAX	F	0.08%
GPN	C	0.08%
DLR	B	0.08%
YUM	C	0.08%
PLD	F	0.08%
GWW	A	0.08%
RF	B	0.08%
DTE	D	0.08%
VTR	B	0.08%
ZTS	F	0.08%
OMC	B	0.08%
MRO	B	0.08%
NVR	D	0.08%
SWK	F	0.08%
EMN	D	0.08%
ES	D	0.08%
APH	B	0.08%
LH	A	0.08%
VFC	B	0.07%
R	A	0.07%
FNF	C	0.07%
K	A	0.07%
CAH	B	0.07%
DGX	B	0.07%
CF	B	0.07%
PKG	B	0.07%
IRM	C	0.07%
MHK	D	0.07%
AEE	A	0.07%
PWR	A	0.07%
KSS	F	0.07%
THC	B	0.07%
TDG	C	0.07%
STZ	F	0.07%
MCO	C	0.07%
WHR	B	0.07%
USFD	B	0.07%
DINO	F	0.06%
ROK	B	0.06%
BXP	B	0.06%
LEA	F	0.06%
PSA	D	0.06%
TOL	B	0.06%
IFF	F	0.06%
EME	B	0.06%
MAS	D	0.06%
GPC	F	0.06%
AA	B	0.06%
A	D	0.06%
M	C	0.06%
AZO	D	0.06%
DVA	D	0.06%
SJM	D	0.06%
TRGP	A	0.06%
HLT	A	0.06%
TXT	D	0.06%
JBL	C	0.06%
CMA	B	0.06%
PFGC	B	0.06%
AES	F	0.06%
HAL	D	0.06%
MGM	F	0.06%
DOV	B	0.06%
CE	F	0.06%
TT	A	0.06%
LAD	B	0.06%
WAB	A	0.06%
CMS	D	0.06%
BLDR	D	0.06%
KMX	F	0.06%
HWM	B	0.06%
RSG	B	0.06%
CAG	F	0.06%
OC	B	0.06%
CNP	B	0.06%
BALL	F	0.06%
MOS	C	0.06%
MSI	A	0.06%
THO	C	0.05%
ZBH	C	0.05%
AFG	B	0.05%
ACM	B	0.05%
GPI	B	0.05%
RJF	B	0.05%
ORI	B	0.05%
VNO	A	0.05%
EL	F	0.05%
AME	A	0.05%
MAN	F	0.05%
WSM	F	0.05%
UGI	D	0.05%
DRI	B	0.05%
L	A	0.05%
AJG	C	0.05%
EQH	B	0.05%
TAP	B	0.05%
DXC	C	0.05%
KVUE	A	0.05%
JNPR	C	0.05%
IVZ	B	0.05%
AVB	A	0.05%
AN	D	0.05%
CSL	C	0.05%
BFH	B	0.05%
OGN	F	0.05%
SNA	A	0.05%
OVV	D	0.05%
UNM	B	0.05%
LNC	B	0.05%
JEF	B	0.05%
OMF	A	0.05%
OTIS	B	0.05%
EQR	D	0.05%
LNG	A	0.05%
BWA	D	0.05%
HES	C	0.05%
CPAY	B	0.05%
J	C	0.05%
CCL	B	0.05%
DOC	B	0.04%
RMD	B	0.04%
WRB	B	0.04%
MTH	D	0.04%
BAH	B	0.04%
XYL	F	0.04%
PNR	B	0.04%
CNO	B	0.04%
WAT	B	0.04%
HUBB	B	0.04%
RHI	B	0.04%
WU	F	0.04%
GAP	C	0.04%
MKC	D	0.04%
PBF	F	0.04%
CMG	C	0.04%
BCC	B	0.04%
GEV	A	0.04%
RPM	B	0.04%
ANET	C	0.04%
CLF	D	0.04%
OLN	F	0.04%
CLX	B	0.04%
WCC	B	0.04%
MUSA	C	0.04%
KEYS	A	0.04%
RGA	B	0.04%
EQT	B	0.04%
AMG	C	0.04%
TMHC	A	0.04%
EXPD	D	0.04%
HSY	F	0.04%
LVS	C	0.04%
CHD	C	0.04%
ATO	A	0.04%
AYI	A	0.04%
AVY	F	0.04%
UBER	F	0.04%
KNX	B	0.04%
HUN	F	0.04%
CRBG	C	0.04%
CCK	C	0.04%
IPG	F	0.04%
PVH	C	0.04%
O	D	0.04%
PNW	B	0.04%
BEN	C	0.04%
EVR	B	0.04%
TPR	A	0.04%
TDS	B	0.04%
EW	F	0.04%
FBIN	D	0.04%
HII	F	0.04%
INGR	B	0.04%
VMC	B	0.04%
MOH	F	0.04%
FAF	D	0.04%
DKS	D	0.04%
ALSN	A	0.04%
MLM	B	0.04%
AWK	D	0.04%
JXN	B	0.04%
KD	B	0.04%
BERY	C	0.04%
MKL	B	0.04%
NI	A	0.04%
APO	B	0.03%
EXP	B	0.03%
MTG	D	0.03%
TDY	A	0.03%
BTU	B	0.03%
PII	F	0.03%
SUI	F	0.03%
DAL	B	0.03%
ABG	B	0.03%
ACI	C	0.03%
AAP	F	0.03%
GRMN	B	0.03%
AVTR	F	0.03%
SEE	C	0.03%
SNV	B	0.03%
INVH	D	0.03%
ITT	A	0.03%
BURL	C	0.03%
SON	F	0.03%
SOLV	C	0.03%
ALB	C	0.03%
CW	A	0.03%
LII	A	0.03%
AIZ	A	0.03%
PCG	B	0.03%
BBWI	D	0.03%
RVTY	B	0.03%
JHG	A	0.03%
APTV	F	0.03%
MLI	B	0.03%
STE	F	0.03%
FHN	B	0.03%
KIM	A	0.03%
KBH	C	0.03%
MSCI	B	0.03%
TRU	C	0.03%
BC	C	0.03%
FMC	D	0.03%
OGE	A	0.03%
FLR	C	0.03%
SNX	B	0.03%
RL	B	0.03%
TPH	D	0.03%
ARMK	B	0.03%
DECK	B	0.03%
VOYA	B	0.03%
ESS	C	0.03%
ZIM	B	0.03%
CIEN	A	0.03%
CPRI	F	0.03%
CTRA	C	0.03%
MTZ	A	0.03%
CMC	B	0.03%
RRX	B	0.03%
GNW	C	0.03%
EXR	D	0.03%
GPK	C	0.03%
MAA	C	0.03%
FL	F	0.03%
ARE	D	0.03%
EFX	D	0.03%
WSO	B	0.03%
HBI	B	0.03%
AMCR	D	0.03%
MTD	F	0.03%
HRL	F	0.03%
DPZ	C	0.03%
IT	B	0.03%
LPX	B	0.03%
IR	B	0.03%
CACI	B	0.03%
BR	A	0.03%
AGCO	D	0.03%
FTV	F	0.03%
OSK	B	0.03%
GL	C	0.03%
ARCH	B	0.02%
QRTEA	F	0.02%
ALV	C	0.02%
VAC	B	0.02%
COHR	B	0.02%
WLK	F	0.02%
EG	D	0.02%
EPAM	C	0.02%
LW	C	0.02%
WST	C	0.02%
ADNT	F	0.02%
FLO	F	0.02%
AER	B	0.02%
CRI	F	0.02%
DAN	F	0.02%
MPW	D	0.02%
AL	B	0.02%
TPX	C	0.02%
TTC	D	0.02%
POR	D	0.02%
OI	D	0.02%
LEG	F	0.02%
SM	C	0.02%
NFG	C	0.02%
UHAL	B	0.02%
MUR	F	0.02%
TKR	F	0.02%
WPC	D	0.02%
PAG	C	0.02%
GGG	C	0.02%
KBR	A	0.02%
POST	D	0.02%
SLG	B	0.02%
REZI	A	0.02%
NOV	D	0.02%
ASGN	B	0.02%
TFX	F	0.02%
DCI	A	0.02%
CPT	C	0.02%
STWD	D	0.02%
DAR	C	0.02%
CTLT	D	0.02%
PK	C	0.02%
GXO	C	0.02%
AXTA	A	0.02%
GNRC	A	0.02%
ST	F	0.02%
BRX	A	0.02%
SKX	F	0.02%
NVT	B	0.02%
TGNA	B	0.02%
CC	C	0.02%
LUV	B	0.02%
UDR	C	0.02%
ATR	B	0.02%
ABM	B	0.02%
EHC	B	0.02%
AR	C	0.02%
G	B	0.02%
SCI	A	0.02%
CNH	D	0.02%
BJ	B	0.02%
SQ	C	0.02%
COR	B	0.02%
AOS	F	0.02%
BRO	B	0.02%
IEX	B	0.02%
PRI	A	0.02%
DELL	C	0.02%
THG	A	0.02%
HOG	F	0.02%
GDDY	A	0.02%
MDU	F	0.02%
BAP	B	0.02%
VICI	D	0.02%
VSH	F	0.01%
CRL	D	0.01%
MSM	C	0.01%
WTRG	B	0.01%
CHE	F	0.01%
MMS	C	0.01%
AEO	F	0.01%
NOW	B	0.01%
SPTN	F	0.01%
TNL	A	0.01%
BLD	F	0.01%
CBOE	D	0.01%
PRGO	D	0.01%
FTI	B	0.01%
DK	F	0.01%
CYH	D	0.01%
HRB	D	0.01%
ALLE	C	0.01%
JWN	C	0.01%
CNX	B	0.01%
MATX	B	0.01%
ALK	B	0.01%
MTN	D	0.01%
UNFI	B	0.01%

FNDX Underweight 659 Positions Relative to ONEQ

Symbol	Grade	Weight
MELI	D	-0.34%
PDD	D	-0.27%
CRWD	C	-0.23%
ASML	F	-0.21%
ABNB	D	-0.2%
DASH	A	-0.2%
TTD	B	-0.18%
WDAY	C	-0.17%
APP	B	-0.16%
MPWR	F	-0.15%
AZN	F	-0.14%
COIN	B	-0.14%
MSTR	B	-0.14%
DDOG	C	-0.13%
ALNY	B	-0.12%
AXON	B	-0.11%
TEAM	B	-0.1%
CSGP	D	-0.1%
UAL	A	-0.09%
ZS	C	-0.09%
DXCM	D	-0.09%
TCOM	C	-0.08%
JD	C	-0.07%
GFS	C	-0.07%
PTC	B	-0.07%
MDB	C	-0.07%
ERIE	D	-0.07%
HOOD	A	-0.07%
MANH	C	-0.06%
DKNG	C	-0.06%
IBKR	B	-0.06%
ARGX	B	-0.06%
ZM	A	-0.06%
SMCI	F	-0.06%
ARM	C	-0.06%
TTEK	C	-0.05%
INCY	A	-0.05%
MNDY	A	-0.05%
BSY	F	-0.05%
MORN	A	-0.05%
NTRA	A	-0.05%
UTHR	B	-0.05%
NTNX	B	-0.05%
ENTG	F	-0.05%
GRAB	B	-0.05%
TW	B	-0.05%
SNY	D	-0.05%
PODD	B	-0.05%
NTES	F	-0.04%
LBRDK	B	-0.04%
DUOL	B	-0.04%
RIVN	F	-0.04%
RGLD	B	-0.04%
PAA	C	-0.04%
ENPH	F	-0.04%
PCVX	D	-0.04%
BNTX	D	-0.04%
TXRH	B	-0.04%
MKTX	C	-0.04%
RPRX	F	-0.04%
CYBR	B	-0.04%
OKTA	D	-0.04%
PPC	B	-0.04%
AFRM	B	-0.04%
TECH	B	-0.04%
NBIX	C	-0.04%
SRPT	F	-0.04%
SOFI	A	-0.04%
BMRN	F	-0.04%
LOGI	F	-0.04%
SAIA	C	-0.04%
SMMT	C	-0.04%
DOCU	A	-0.04%
BIDU	F	-0.04%
EXAS	F	-0.04%
RGEN	F	-0.03%
ENSG	C	-0.03%
GTLB	C	-0.03%
XP	F	-0.03%
HQY	A	-0.03%
TPG	B	-0.03%
DJT	D	-0.03%
GLBE	B	-0.03%
CHRD	F	-0.03%
MAT	C	-0.03%
LSCC	C	-0.03%
FOX	B	-0.03%
MASI	B	-0.03%
PEGA	A	-0.03%
FRHC	B	-0.03%
VKTX	C	-0.03%
LNW	C	-0.03%
HLNE	B	-0.03%
WING	F	-0.03%
BRKR	F	-0.03%
RVMD	B	-0.03%
NICE	C	-0.03%
ROIV	C	-0.03%
OLED	F	-0.03%
SIRI	D	-0.03%
CBSH	A	-0.03%
ITCI	A	-0.03%
MTSI	B	-0.03%
MEDP	D	-0.03%
WTFC	B	-0.03%
CHDN	B	-0.03%
WWD	B	-0.03%
ROKU	C	-0.03%
WIX	B	-0.03%
OTEX	F	-0.03%
AAON	B	-0.03%
WYNN	D	-0.03%
EXEL	B	-0.03%
BGNE	D	-0.03%
MTCH	F	-0.03%
COKE	D	-0.03%
INSM	C	-0.03%
FUTU	C	-0.03%
Z	B	-0.03%
PCTY	B	-0.03%
VICR	B	-0.02%
CRSP	C	-0.02%
SLAB	F	-0.02%
COLM	C	-0.02%
DNLI	B	-0.02%
FOLD	D	-0.02%
APPF	D	-0.02%
LEGN	F	-0.02%
BANF	B	-0.02%
BZ	D	-0.02%
KTOS	B	-0.02%
QLYS	C	-0.02%
CLBT	B	-0.02%
IPAR	C	-0.02%
TCBI	B	-0.02%
TFSL	B	-0.02%
AEIS	B	-0.02%
SGRY	D	-0.02%
CCOI	B	-0.02%
IBOC	B	-0.02%
BGC	A	-0.02%
ROAD	A	-0.02%
FIZZ	B	-0.02%
UPST	B	-0.02%
ACLX	B	-0.02%
RARE	D	-0.02%
INTA	B	-0.02%
ALKS	C	-0.02%
AXSM	D	-0.02%
KRYS	C	-0.02%
IMVT	C	-0.02%
BBIO	D	-0.02%
MDGL	B	-0.02%
GLNG	B	-0.02%
ITRI	A	-0.02%
CRNX	A	-0.02%
VRRM	F	-0.02%
QFIN	C	-0.02%
LANC	B	-0.02%
WMG	B	-0.02%
PLXS	B	-0.02%
CALM	B	-0.02%
SRCL	A	-0.02%
PECO	B	-0.02%
EEFT	C	-0.02%
LITE	B	-0.02%
ONB	B	-0.02%
ACHC	F	-0.02%
PI	C	-0.02%
ALKT	C	-0.02%
FELE	C	-0.02%
VCTR	B	-0.02%
BPMC	C	-0.02%
NCNO	B	-0.02%
ICUI	C	-0.02%
RDNT	A	-0.02%
STEP	B	-0.02%
CACC	F	-0.02%
CHX	D	-0.02%
HWC	B	-0.02%
LYFT	C	-0.02%
FIVE	F	-0.02%
COOP	A	-0.02%
MARA	C	-0.02%
ALGM	F	-0.02%
SBRA	B	-0.02%
SITM	B	-0.02%
STRL	A	-0.02%
IEP	F	-0.02%
VLY	B	-0.02%
RMBS	C	-0.02%
EXPO	D	-0.02%
IESC	A	-0.02%
TIGO	C	-0.02%
SHC	C	-0.02%
NUVL	D	-0.02%
CFLT	C	-0.02%
UBSI	B	-0.02%
PRCT	A	-0.02%
MMSI	A	-0.02%
CYTK	D	-0.02%
CWST	C	-0.02%
TENB	D	-0.02%
AGNC	D	-0.02%
ETSY	D	-0.02%
VRNS	D	-0.02%
ACIW	B	-0.02%
CRUS	F	-0.02%
CORT	B	-0.02%
WFRD	F	-0.02%
AUR	C	-0.02%
UMBF	B	-0.02%
LI	F	-0.02%
SIGI	B	-0.02%
CRVL	B	-0.02%
ALTR	C	-0.02%
QXO	D	-0.02%
HALO	C	-0.02%
IONS	F	-0.02%
REYN	F	-0.02%
BCPC	B	-0.02%
CROX	F	-0.02%
EXLS	A	-0.02%
OLLI	C	-0.02%
AMKR	F	-0.02%
FRPT	B	-0.02%
ACT	D	-0.02%
FFIN	B	-0.02%
HTHT	C	-0.02%
CHCI	D	-0.02%
RCM	B	-0.02%
CGNX	C	-0.02%
LFUS	C	-0.02%
CSWI	A	-0.02%
RKLB	B	-0.02%
LCID	F	-0.02%
PNFP	B	-0.02%
AVAV	B	-0.02%
SPSC	F	-0.02%
ASND	F	-0.02%
NOVT	B	-0.02%
BOKF	B	-0.02%
CRDO	A	-0.02%
LNTH	D	-0.02%
CELH	F	-0.02%
CVLT	A	-0.02%
WSC	C	-0.02%
COLB	B	-0.02%
MMYT	B	-0.02%
JBSS	F	-0.01%
NRIX	B	-0.01%
RLAY	F	-0.01%
IMKTA	D	-0.01%
SRCL	A	-0.01%
CDNA	D	-0.01%
PSNY	F	-0.01%
GMAB	F	-0.01%
SAVA	D	-0.01%
EYE	D	-0.01%
NNDM	F	-0.01%
BMBL	D	-0.01%
EMBC	C	-0.01%
GSM	F	-0.01%
BCBP	B	-0.01%
TH	D	-0.01%
KELYA	F	-0.01%
CNSL	B	-0.01%
PYCR	C	-0.01%
FLGT	F	-0.01%
IMTX	F	-0.01%
MATW	C	-0.01%
SDGR	D	-0.01%
PHAT	C	-0.01%
ICHR	C	-0.01%
NVAX	F	-0.01%
KRUS	C	-0.01%
GIII	C	-0.01%
TRNS	F	-0.01%
SVC	F	-0.01%
VRNT	F	-0.01%
RDFN	D	-0.01%
MOMO	C	-0.01%
WOOF	D	-0.01%
PGNY	F	-0.01%
SEDG	F	-0.01%
LQDA	C	-0.01%
KRNT	B	-0.01%
BCYC	C	-0.01%
TRDA	A	-0.01%
FLYW	C	-0.01%
AVAH	C	-0.01%
ISTR	B	-0.01%
ESTA	C	-0.01%
ASTL	B	-0.01%
DHC	F	-0.01%
COLL	F	-0.01%
JACK	D	-0.01%
OPK	C	-0.01%
MRVI	F	-0.01%
CMCO	C	-0.01%
TRS	B	-0.01%
BASE	C	-0.01%
HTLD	C	-0.01%
FFIC	B	-0.01%
WASH	B	-0.01%
PLYA	A	-0.01%
TTGT	C	-0.01%
CEVA	B	-0.01%
SOUN	C	-0.01%
THRM	F	-0.01%
HAFC	B	-0.01%
AVO	B	-0.01%
TREE	D	-0.01%
VIR	C	-0.01%
SPRY	A	-0.01%
BLBD	F	-0.01%
PFC	B	-0.01%
SCVL	D	-0.01%
FWRG	C	-0.01%
MNTK	C	-0.01%
PLUG	D	-0.01%
IBUY	B	-0.01%
PLAY	C	-0.01%
CNDT	C	-0.01%
CBRL	D	-0.01%
SPT	F	-0.01%
KALU	C	-0.01%
BLMN	F	-0.01%
PDFS	C	-0.01%
IQ	F	-0.01%
IMCR	D	-0.01%
NSSC	F	-0.01%
STAA	F	-0.01%
BVS	C	-0.01%
MGPI	F	-0.01%
COHU	C	-0.01%
MRTN	C	-0.01%
NEXT	C	-0.01%
AMED	C	-0.01%
COMM	D	-0.01%
FTRE	D	-0.01%
NVEE	D	-0.01%
DLO	F	-0.01%
HROW	C	-0.01%
LBRDA	B	-0.01%
SCSC	C	-0.01%
ATSG	B	-0.01%
ARDX	F	-0.01%
ANIP	D	-0.01%
ULH	B	-0.01%
HBNC	B	-0.01%
RCKT	F	-0.01%
VMEO	B	-0.01%
KURA	F	-0.01%
HLIT	F	-0.01%
UPBD	C	-0.01%
WABC	B	-0.01%
CENTA	D	-0.01%
FWRD	D	-0.01%
SAFT	C	-0.01%
RDWR	C	-0.01%
PEBO	B	-0.01%
RNW	F	-0.01%
NEO	C	-0.01%
CSGS	B	-0.01%
ECPG	B	-0.01%
INMD	C	-0.01%
CRTO	F	-0.01%
UDMY	C	-0.01%
DOOO	F	-0.01%
CLDX	F	-0.01%
PLAB	C	-0.01%
PFBC	B	-0.01%
UCTT	D	-0.01%
COGT	D	-0.01%
MLCO	C	-0.01%
MCRI	B	-0.01%
VRDN	A	-0.01%
TCBK	B	-0.01%
AOSL	F	-0.01%
AUPH	C	-0.01%
TVTX	A	-0.01%
VECO	F	-0.01%
CLOV	D	-0.01%
MSEX	B	-0.01%
AMSF	A	-0.01%
IREN	C	-0.01%
OCFC	B	-0.01%
DAWN	B	-0.01%
UNIT	B	-0.01%
INFN	C	-0.01%
OLPX	F	-0.01%
RIOT	C	-0.01%
ATEX	F	-0.01%
VITL	F	-0.01%
TLRY	F	-0.01%
GLUE	C	-0.01%
WINA	B	-0.01%
SIMO	F	-0.01%
AMRK	F	-0.01%
SABR	C	-0.01%
SBLK	F	-0.01%
APOG	A	-0.01%
WB	D	-0.01%
INVA	B	-0.01%
MBUU	C	-0.01%
DGII	B	-0.01%
INBK	B	-0.01%
CNXN	C	-0.01%
PAGP	C	-0.01%
ERII	B	-0.01%
CRAI	B	-0.01%
GABC	B	-0.01%
VSEC	B	-0.01%
AHCO	F	-0.01%
GDYN	A	-0.01%
CHEF	B	-0.01%
VERA	B	-0.01%
QNST	C	-0.01%
BCRX	C	-0.01%
LKFN	B	-0.01%
AXNX	A	-0.01%
BUSE	C	-0.01%
MBIN	F	-0.01%
PDCO	D	-0.01%
PRDO	B	-0.01%
MLKN	F	-0.01%
BEAM	C	-0.01%
TNDM	F	-0.01%
TXG	F	-0.01%
ULCC	C	-0.01%
AZTA	F	-0.01%
ROIC	A	-0.01%
NVCR	C	-0.01%
SNDX	C	-0.01%
LBPH	A	-0.01%
HPK	F	-0.01%
MYGN	F	-0.01%
HRMY	D	-0.01%
LAUR	B	-0.01%
FIVN	D	-0.01%
NWBI	B	-0.01%
DVAX	C	-0.01%
NNBR	F	-0.01%
MGNI	C	-0.01%
AY	B	-0.01%
MNKD	B	-0.01%
CIFR	B	-0.01%
TARS	B	-0.01%
GTX	F	-0.01%
STRA	D	-0.01%
STBA	C	-0.01%
VC	F	-0.01%
XNCR	B	-0.01%
IDCC	A	-0.01%
LGIH	D	-0.01%
TMDX	F	-0.01%
HOPE	B	-0.01%
TTMI	A	-0.01%
MYRG	C	-0.01%
DNUT	D	-0.01%
AKRO	B	-0.01%
APPN	B	-0.01%
CMPR	F	-0.01%
XPEL	C	-0.01%
YY	D	-0.01%
CENX	B	-0.01%
RXST	F	-0.01%
PRVA	C	-0.01%
PTVE	D	-0.01%
WSBC	B	-0.01%
SASR	B	-0.01%
RRR	F	-0.01%
IAS	C	-0.01%
CHCO	B	-0.01%
FRME	B	-0.01%
EVCM	B	-0.01%
CAKE	B	-0.01%
SYBT	B	-0.01%
TWST	C	-0.01%
VBTX	B	-0.01%
DCOM	B	-0.01%
IRTC	C	-0.01%
CLSK	C	-0.01%
DYN	F	-0.01%
SUPN	B	-0.01%
JBLU	C	-0.01%
PINC	B	-0.01%
ATAT	C	-0.01%
NTCT	B	-0.01%
ARVN	D	-0.01%
HAIN	D	-0.01%
ROCK	C	-0.01%
CASH	B	-0.01%
EXTR	B	-0.01%
ACLS	F	-0.01%
GOGL	D	-0.01%
PCT	C	-0.01%
SBCF	B	-0.01%
IDYA	F	-0.01%
ENVX	F	-0.01%
GDS	B	-0.01%
SPNS	B	-0.01%
LMAT	A	-0.01%
CLBK	B	-0.01%
UFPT	C	-0.01%
SKWD	A	-0.01%
ADUS	D	-0.01%
SWTX	D	-0.01%
OSW	B	-0.01%
PTGX	C	-0.01%
TRMD	F	-0.01%
LGND	B	-0.01%
HEES	B	-0.01%
EFSC	B	-0.01%
CPRX	B	-0.01%
NMRK	B	-0.01%
VRNA	B	-0.01%
ZLAB	C	-0.01%
FFBC	B	-0.01%
ARCB	C	-0.01%
FBNC	B	-0.01%
RPD	D	-0.01%
WULF	B	-0.01%
MIRM	B	-0.01%
MRCY	B	-0.01%
GERN	D	-0.01%
ALRM	C	-0.01%
KYMR	B	-0.01%
JANX	C	-0.01%
ASTE	C	-0.01%
TRMK	B	-0.01%
ZG	B	-0.01%
HURN	B	-0.01%
ALHC	B	-0.01%
AMRX	C	-0.01%
VCEL	B	-0.01%
OSIS	C	-0.01%
JAMF	F	-0.01%
DIOD	D	-0.01%
VCYT	B	-0.01%
TFIN	B	-0.01%
ZD	C	-0.01%
BANR	B	-0.01%
GGAL	B	-0.01%
ACAD	D	-0.01%
PLTK	B	-0.01%
VIAV	B	-0.01%
BRZE	D	-0.01%
ARWR	C	-0.01%
LIVN	C	-0.01%
NWE	D	-0.01%
INDB	B	-0.01%
PSMT	C	-0.01%
NBTB	B	-0.01%
KLIC	C	-0.01%
PLMR	C	-0.01%
FROG	C	-0.01%
KROS	B	-0.01%
CGON	C	-0.01%
RBCAA	B	-0.01%
TRUP	C	-0.01%
EXPI	C	-0.01%
PPBI	B	-0.01%
FLNC	D	-0.01%
BILI	C	-0.01%
IOSP	B	-0.01%
DRVN	B	-0.01%
FULT	B	-0.01%
NARI	C	-0.01%
FRSH	C	-0.01%
CARG	B	-0.01%
SYNA	D	-0.01%
OPCH	F	-0.01%
ACVA	C	-0.01%
HCP	A	-0.01%
AGYS	C	-0.01%
GH	C	-0.01%
WEN	C	-0.01%
AGIO	B	-0.01%
PLUS	C	-0.01%
RUN	F	-0.01%
AMPH	D	-0.01%
CVBF	B	-0.01%
RYTM	A	-0.01%
TOWN	C	-0.01%
APLS	F	-0.01%
MQ	F	-0.01%
BL	C	-0.01%
HWKN	C	-0.01%
ADMA	B	-0.01%
SMTC	A	-0.01%
PRGS	B	-0.01%
ATRC	C	-0.01%
MGRC	B	-0.01%
IOVA	D	-0.01%
EBC	B	-0.01%
ASTH	D	-0.01%
NEOG	C	-0.01%
FA	D	-0.01%
SHOO	D	-0.01%
IBTX	B	-0.01%
EWTX	B	-0.01%
STNE	F	-0.01%
MRUS	B	-0.01%
FORM	F	-0.01%
NPAB	F	-0.01%
TGTX	A	-0.01%
URBN	D	-0.01%
PATK	D	-0.01%
HTLF	B	-0.01%
VERX	B	-0.01%
ERIC	C	-0.01%
OTTR	D	-0.01%
LFST	C	-0.01%
WSFS	B	-0.01%
SMPL	C	-0.01%
ESGR	B	-0.01%
MGEE	A	-0.01%
FHB	B	-0.01%
POWL	B	-0.01%
RNA	B	-0.01%
WAFD	C	-0.01%
VIRT	A	-0.01%
SNEX	B	-0.01%
SKYW	B	-0.01%
BHF	B	-0.01%
FIBK	B	-0.01%
DORM	B	-0.01%
GSHD	B	-0.01%
JJSF	B	-0.01%
TBBK	C	-0.01%
OZK	B	-0.01%
USLM	A	-0.01%
LOPE	A	-0.01%
CVCO	A	-0.01%
PTCT	B	-0.01%
POWI	C	-0.01%
SRRK	C	-0.01%
SATS	C	-0.01%
IRDM	C	-0.01%
WVE	A	-0.01%
XENE	B	-0.01%
VOD	D	-0.01%
NMIH	D	-0.01%
PTEN	D	-0.01%
ARLP	C	-0.01%
WDFC	B	-0.01%
ICFI	B	-0.01%
CATY	B	-0.01%
FTDR	A	-0.01%
AMBA	B	-0.01%
OMCL	B	-0.01%
PCH	F	-0.01%
PAYO	A	-0.01%
SFNC	B	-0.01%
BLKB	C	-0.01%
IAC	C	-0.01%
NWS	B	-0.01%