ONEO vs. PFF ETF Comparison

Comparison of SPDR Russell 1000 Momentum Focus ETF (ONEO) to iShares US Preferred Stock ETF (PFF)

ONEO

SPDR Russell 1000 Momentum Focus ETF

ONEO Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Momentum Focused Factor Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to reflect the performance of a segment of large-capitalization U.S. equity securities demonstrating a combination of core factors (high value, high quality, and low size characteristics), with a focus factor comprising high momentum characteristics. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$127.04

Average Daily Volume

2,289

Number of Holdings ^*

888

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.70

Average Daily Volume

3,780,916

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	ONEO	PFF
30 Days	6.95%	-0.29%
60 Days	7.48%	-1.26%
90 Days	9.35%	2.56%
12 Months	32.32%	15.76%

69 Overlapping Holdings

Symbol	Grade	Weight in ONEO	Weight in PFF	Overlap
ADC	B	0.01%	0.08%	0.01%
ALB	C	0.02%	1.35%	0.02%
ALL	A	0.04%	0.16%	0.04%
AMG	B	0.22%	0.09%	0.09%
AMH	D	0.02%	0.07%	0.02%
APO	B	0.12%	0.4%	0.12%
ARES	A	0.04%	1.0%	0.04%
AXS	A	0.06%	0.31%	0.06%
BAC	A	0.02%	0.06%	0.02%
BAC	A	0.02%	0.28%	0.02%
BC	C	0.04%	0.08%	0.04%
C	A	0.01%	1.68%	0.01%
CFG	B	0.1%	0.24%	0.1%
CFR	B	0.01%	0.08%	0.01%
CMS	C	0.09%	0.11%	0.09%
COF	B	0.32%	0.06%	0.06%
CTVA	C	0.04%	0.08%	0.04%
DLR	B	0.05%	0.11%	0.05%
DTE	C	0.06%	0.11%	0.06%
DUK	C	0.11%	0.62%	0.11%
EIX	B	0.13%	0.12%	0.12%
EPR	D	0.01%	0.06%	0.01%
EQH	B	0.05%	0.14%	0.05%
F	C	0.09%	0.37%	0.09%
FCNCA	A	0.47%	0.2%	0.2%
FHN	A	0.07%	0.07%	0.07%
FITB	A	0.13%	0.12%	0.12%
FRT	B	0.02%	0.08%	0.02%
GL	B	0.17%	0.14%	0.14%
GS	A	0.02%	0.12%	0.02%
HBAN	A	0.1%	0.1%	0.1%
HIG	B	0.32%	0.22%	0.22%
HPE	B	0.23%	1.13%	0.23%
JPM	A	0.01%	0.41%	0.01%
KEY	B	0.09%	0.25%	0.09%
KIM	A	0.04%	0.12%	0.04%
KKR	A	0.02%	0.24%	0.02%
KMI	A	0.11%	0.13%	0.11%
MET	A	0.06%	0.37%	0.06%
MTB	A	0.12%	0.16%	0.12%
NEE	D	0.04%	0.42%	0.04%
NEE	D	0.04%	1.08%	0.04%
NSA	D	0.03%	0.13%	0.03%
NTRS	A	0.05%	0.22%	0.05%
PCG	A	0.13%	0.07%	0.07%
PNFP	B	0.07%	0.14%	0.07%
PRU	A	0.07%	0.19%	0.07%
PSA	D	0.12%	0.07%	0.07%
REG	B	0.02%	0.07%	0.02%
RF	A	0.1%	0.19%	0.1%
RNR	C	0.37%	0.15%	0.15%
SCHW	B	0.03%	0.31%	0.03%
SF	B	0.06%	0.1%	0.06%
SNV	B	0.06%	0.13%	0.06%
SO	D	0.09%	0.37%	0.09%
STT	A	0.04%	0.31%	0.04%
SYF	B	0.54%	0.33%	0.33%
T	A	0.17%	0.64%	0.17%
T	A	0.17%	0.88%	0.17%
TFC	A	0.03%	0.1%	0.03%
TPG	A	0.04%	0.26%	0.04%
USB	A	0.07%	0.21%	0.07%
VNO	B	0.02%	0.12%	0.02%
VOYA	B	0.02%	0.19%	0.02%
WAL	B	0.04%	0.16%	0.04%
WBS	A	0.07%	0.08%	0.07%
WCC	B	0.21%	0.35%	0.21%
WFC	A	0.05%	0.31%	0.05%
WRB	A	0.19%	0.12%	0.12%

ONEO Overweight 822 Positions Relative to PFF

Symbol	Grade	Weight
APP	B	1.01%
VST	B	0.86%
EXPE	B	0.82%
PHM	D	0.79%
MCK	B	0.73%
GDDY	A	0.68%
LEN	D	0.66%
CAH	B	0.6%
ACGL	D	0.6%
DHI	D	0.58%
DAL	C	0.57%
FTNT	C	0.56%
JBL	B	0.55%
TOL	B	0.55%
CASY	A	0.53%
FANG	D	0.52%
DASH	A	0.47%
PFGC	B	0.45%
URI	B	0.45%
OC	A	0.45%
WSM	B	0.45%
BLDR	D	0.44%
EME	C	0.44%
STLD	B	0.44%
LDOS	C	0.43%
DKS	C	0.42%
BJ	A	0.41%
CMI	A	0.41%
NTAP	C	0.41%
ALSN	B	0.38%
NUE	C	0.38%
CTSH	B	0.38%
RCL	A	0.37%
CNC	D	0.37%
COR	B	0.37%
CINF	A	0.37%
PAYC	B	0.37%
FFIV	B	0.36%
THC	D	0.35%
KR	B	0.35%
NVR	D	0.34%
TPR	B	0.34%
LPLA	A	0.34%
SOLV	C	0.34%
EOG	A	0.33%
PCAR	B	0.33%
GM	B	0.33%
MO	A	0.32%
CBOE	B	0.32%
KNSL	B	0.31%
HRB	D	0.31%
USFD	A	0.31%
FIX	A	0.3%
EG	C	0.3%
SPG	B	0.3%
HUM	C	0.29%
MPC	D	0.29%
ADM	D	0.29%
RL	B	0.29%
CPNG	D	0.29%
MRO	B	0.28%
TXRH	C	0.28%
VLO	C	0.28%
AYI	B	0.28%
SWKS	F	0.28%
LRCX	F	0.28%
EBAY	D	0.27%
CNM	D	0.27%
MKL	A	0.27%
ETR	B	0.27%
NRG	B	0.27%
UTHR	C	0.27%
EPAM	C	0.27%
SNA	A	0.27%
GRMN	B	0.27%
IT	C	0.27%
KLAC	D	0.27%
EVR	B	0.26%
DELL	C	0.26%
EXP	A	0.26%
MANH	D	0.26%
VRT	B	0.26%
TPL	A	0.25%
ITT	A	0.25%
SKX	D	0.25%
GWW	B	0.25%
TSN	B	0.25%
CI	F	0.25%
TSCO	D	0.25%
DBX	B	0.24%
CHRD	D	0.24%
BKR	B	0.24%
PEG	A	0.24%
MTG	C	0.24%
INGR	B	0.24%
BKNG	A	0.24%
MOH	F	0.24%
SYY	B	0.23%
CRWD	B	0.23%
RS	B	0.23%
FICO	B	0.23%
FDX	B	0.22%
GEN	B	0.22%
ARMK	B	0.22%
UHS	D	0.22%
FTI	A	0.22%
IP	B	0.22%
WMB	A	0.22%
PVH	C	0.21%
SAIA	B	0.21%
NOW	A	0.21%
CBRE	B	0.21%
ROST	C	0.21%
DVA	B	0.21%
AFL	B	0.21%
COKE	C	0.21%
DECK	A	0.21%
AMAT	F	0.21%
APH	A	0.21%
CPAY	A	0.21%
BLD	D	0.21%
PGR	A	0.2%
CSL	C	0.2%
MAR	B	0.2%
TJX	A	0.2%
PKG	A	0.2%
FYBR	D	0.2%
DFS	B	0.2%
MSI	B	0.2%
IBM	C	0.2%
MAS	D	0.2%
MUSA	A	0.19%
SNX	C	0.19%
HLT	A	0.19%
R	B	0.19%
AZO	C	0.19%
CB	C	0.19%
OSK	B	0.19%
CACI	D	0.19%
SNPS	B	0.19%
INTU	C	0.19%
GEV	B	0.19%
ATO	A	0.18%
PANW	C	0.18%
CRUS	D	0.18%
EXEL	B	0.18%
TT	A	0.18%
TXT	D	0.18%
CTRA	B	0.18%
LII	A	0.18%
FAST	B	0.18%
LUV	C	0.18%
TOST	B	0.18%
HLI	B	0.18%
BBY	D	0.18%
ANET	C	0.17%
MTZ	B	0.17%
WAB	B	0.17%
SSD	D	0.17%
J	F	0.17%
PSTG	D	0.17%
MPWR	F	0.17%
CRM	B	0.17%
ULTA	F	0.17%
CAT	B	0.17%
ADSK	A	0.17%
VTRS	A	0.17%
SAIC	F	0.17%
ODFL	B	0.17%
ORLY	B	0.17%
BRBR	A	0.17%
DVN	F	0.17%
AGO	B	0.17%
BR	A	0.17%
CF	B	0.17%
PYPL	B	0.17%
PWR	A	0.17%
CL	D	0.16%
EMN	D	0.16%
CW	B	0.16%
HPQ	B	0.16%
WSO	A	0.16%
LYV	A	0.16%
HST	C	0.16%
GEHC	F	0.16%
TRV	B	0.16%
CE	F	0.16%
UAL	A	0.16%
OMC	C	0.16%
CLH	B	0.16%
CDNS	B	0.16%
GNTX	C	0.15%
KEYS	A	0.15%
HAL	C	0.15%
TTD	B	0.15%
PSX	C	0.15%
PAYX	C	0.15%
VVV	F	0.15%
BRO	B	0.15%
CVNA	B	0.15%
IR	B	0.15%
AOS	F	0.15%
NCLH	B	0.15%
A	D	0.15%
HWM	A	0.15%
LAMR	D	0.15%
GD	F	0.15%
FDS	B	0.15%
PNR	A	0.15%
ELV	F	0.15%
CVS	D	0.15%
LOPE	B	0.15%
COP	C	0.15%
NVDA	C	0.15%
PSN	D	0.15%
GAP	C	0.15%
HII	D	0.14%
BURL	A	0.14%
CMG	B	0.14%
DRI	B	0.14%
TER	D	0.14%
KEX	C	0.14%
CHTR	C	0.14%
EHC	B	0.14%
CARR	D	0.14%
MLM	B	0.14%
JHG	A	0.14%
AAON	B	0.14%
LH	C	0.14%
UNM	A	0.14%
QCOM	F	0.14%
SRE	A	0.14%
FND	C	0.14%
WFRD	D	0.14%
CNP	B	0.13%
ONTO	D	0.13%
MMC	B	0.13%
PINS	D	0.13%
SHW	A	0.13%
MSFT	F	0.13%
MCO	B	0.13%
OLLI	D	0.13%
WU	D	0.13%
FLS	B	0.13%
BBWI	D	0.13%
ADBE	C	0.13%
DINO	D	0.13%
DXC	B	0.13%
WDAY	B	0.13%
NEU	C	0.13%
EWBC	A	0.13%
ROK	B	0.13%
BG	F	0.13%
TGT	F	0.13%
EA	A	0.12%
AWI	A	0.12%
SLB	C	0.12%
M	D	0.12%
TEAM	A	0.12%
BWA	D	0.12%
DLTR	F	0.12%
TROW	B	0.12%
WM	A	0.12%
SEIC	B	0.12%
DTM	B	0.12%
PRI	A	0.12%
LECO	B	0.12%
WBD	C	0.12%
DPZ	C	0.12%
CTAS	B	0.12%
NXST	C	0.12%
NYT	C	0.12%
VMC	B	0.12%
AEP	D	0.12%
RPM	A	0.12%
AKAM	D	0.12%
VZ	C	0.12%
MSCI	C	0.11%
CDW	F	0.11%
BAH	F	0.11%
THO	B	0.11%
GE	D	0.11%
ED	D	0.11%
NFG	A	0.11%
KMB	D	0.11%
LNW	D	0.11%
OMF	A	0.11%
TPX	B	0.11%
PPL	B	0.11%
JCI	C	0.11%
MHK	D	0.11%
ADI	D	0.11%
L	A	0.11%
CHD	B	0.11%
MTDR	B	0.11%
AFG	A	0.11%
LSCC	D	0.11%
MCHP	D	0.11%
META	D	0.11%
TW	A	0.11%
MEDP	D	0.11%
FI	A	0.11%
DOV	A	0.11%
GPC	D	0.11%
DCI	B	0.11%
CR	A	0.11%
RSG	A	0.11%
NI	A	0.11%
FOXA	B	0.1%
AXP	A	0.1%
LOW	D	0.1%
POOL	C	0.1%
JLL	D	0.1%
GNRC	B	0.1%
ALK	C	0.1%
WMS	D	0.1%
BWXT	B	0.1%
FNF	B	0.1%
NWSA	B	0.1%
AIZ	A	0.1%
DOCU	A	0.1%
BK	A	0.1%
FCX	D	0.1%
D	C	0.1%
DGX	A	0.1%
K	A	0.1%
VRTX	F	0.1%
HCA	F	0.1%
XEL	A	0.1%
AMP	A	0.1%
ABNB	C	0.1%
DD	D	0.1%
RGA	A	0.1%
DOX	D	0.1%
ATR	B	0.1%
IBKR	A	0.1%
LYB	F	0.1%
TDC	D	0.1%
AMKR	D	0.1%
ORI	A	0.1%
TYL	B	0.09%
VLTO	D	0.09%
VRSK	A	0.09%
DT	C	0.09%
COST	B	0.09%
NBIX	C	0.09%
PNC	B	0.09%
OXY	D	0.09%
REGN	F	0.09%
GTES	A	0.09%
WWD	B	0.09%
WING	D	0.09%
VICI	C	0.09%
SPOT	B	0.09%
AVY	D	0.09%
CMCSA	B	0.09%
DDOG	A	0.09%
GILD	C	0.09%
X	C	0.09%
ACM	A	0.09%
CROX	D	0.09%
AZEK	A	0.09%
BX	A	0.09%
ROL	B	0.09%
OTIS	C	0.09%
ESAB	B	0.09%
HOG	D	0.09%
WST	C	0.09%
SMCI	F	0.09%
HUBB	B	0.09%
CPRT	A	0.09%
FE	C	0.08%
OLED	D	0.08%
KD	B	0.08%
EEFT	B	0.08%
ETN	A	0.08%
MGM	D	0.08%
OLN	D	0.08%
ON	D	0.08%
RLI	B	0.08%
CMA	A	0.08%
DE	A	0.08%
ADP	B	0.08%
ALLE	D	0.08%
MAT	D	0.08%
CSCO	B	0.08%
RGLD	C	0.08%
RHI	B	0.08%
OGE	B	0.08%
NVT	B	0.08%
TREX	C	0.08%
EXC	C	0.08%
CIEN	B	0.08%
PLTR	B	0.08%
EXPD	D	0.08%
QRVO	F	0.08%
PM	B	0.08%
AME	A	0.07%
RBC	A	0.07%
CSX	B	0.07%
POST	C	0.07%
NDAQ	A	0.07%
DLB	B	0.07%
AMCR	D	0.07%
YETI	C	0.07%
AIG	B	0.07%
WYNN	D	0.07%
FTV	C	0.07%
LMT	D	0.07%
WEX	D	0.07%
ZION	B	0.07%
ALGN	D	0.07%
ITW	B	0.07%
MRVL	B	0.07%
ECL	D	0.07%
ACI	C	0.07%
DOW	F	0.07%
GOOGL	C	0.07%
LEA	D	0.07%
WTFC	A	0.07%
CLF	F	0.07%
GOOG	C	0.07%
APD	A	0.07%
EVRG	A	0.07%
OZK	B	0.07%
BYD	C	0.07%
AON	A	0.07%
TAP	C	0.07%
APG	B	0.07%
AAPL	C	0.07%
AXON	A	0.07%
AM	A	0.07%
LULU	C	0.07%
COLM	B	0.07%
SSNC	B	0.07%
WEC	A	0.07%
AL	B	0.07%
VNT	B	0.06%
ROP	B	0.06%
GLOB	B	0.06%
TRGP	B	0.06%
SBUX	A	0.06%
TDY	B	0.06%
VEEV	C	0.06%
GWRE	A	0.06%
UBER	D	0.06%
JKHY	D	0.06%
TXN	C	0.06%
DDS	B	0.06%
TNL	A	0.06%
GIS	D	0.06%
CHE	D	0.06%
AVTR	F	0.06%
WTW	B	0.06%
AES	F	0.06%
GGG	B	0.06%
OVV	B	0.06%
FBIN	D	0.06%
DUOL	A	0.06%
NOV	C	0.06%
CCL	B	0.06%
TTEK	F	0.06%
GPK	C	0.06%
IDXX	F	0.06%
UHAL	D	0.06%
AVB	B	0.06%
SCI	B	0.06%
KHC	F	0.06%
NOC	D	0.06%
RTX	C	0.06%
PNW	B	0.06%
YUM	B	0.06%
ISRG	A	0.06%
JBHT	C	0.06%
CCK	C	0.06%
ZM	B	0.06%
IEX	B	0.06%
CUBE	D	0.06%
VSTS	C	0.06%
JWN	C	0.06%
BLK	C	0.06%
BALL	D	0.06%
HUBS	A	0.06%
MTSI	B	0.06%
HXL	D	0.05%
MSM	C	0.05%
PCOR	B	0.05%
HES	B	0.05%
WLK	D	0.05%
PR	B	0.05%
TKR	D	0.05%
LNT	A	0.05%
ENTG	D	0.05%
CVX	A	0.05%
EXR	D	0.05%
NSC	B	0.05%
XPO	B	0.05%
GO	C	0.05%
RMD	C	0.05%
LKQ	D	0.05%
GLW	B	0.05%
FOX	A	0.05%
UPS	C	0.05%
ANSS	B	0.05%
ESS	B	0.05%
AAP	C	0.05%
DG	F	0.05%
FLO	D	0.05%
NTNX	A	0.05%
DV	C	0.05%
AMGN	D	0.05%
TDG	D	0.05%
IPG	D	0.05%
BSX	B	0.05%
MTD	D	0.05%
SPB	C	0.05%
SYK	C	0.05%
MDLZ	F	0.05%
EQR	B	0.05%
ABBV	D	0.05%
LHX	C	0.05%
LIN	D	0.05%
H	B	0.05%
MTCH	D	0.05%
GPN	B	0.05%
MMM	D	0.05%
BRK.A	B	0.05%
PTC	A	0.05%
ZS	C	0.05%
WY	D	0.05%
SITE	D	0.05%
TMUS	B	0.05%
ATI	D	0.05%
GLPI	C	0.05%
ACN	C	0.05%
MDU	D	0.05%
NU	C	0.05%
CPB	D	0.05%
HD	A	0.05%
AEE	A	0.05%
SN	D	0.05%
SLM	A	0.04%
MORN	B	0.04%
PH	A	0.04%
MA	C	0.04%
LPX	B	0.04%
WH	B	0.04%
KVUE	A	0.04%
KMX	B	0.04%
BERY	B	0.04%
TRU	D	0.04%
PCTY	B	0.04%
ZTS	D	0.04%
HON	B	0.04%
AJG	B	0.04%
CME	A	0.04%
SMG	D	0.04%
AR	B	0.04%
UA	C	0.04%
MDT	D	0.04%
AXTA	A	0.04%
NNN	D	0.04%
LNG	B	0.04%
EFX	F	0.04%
PPC	C	0.04%
NWL	B	0.04%
DKNG	B	0.04%
BRX	A	0.04%
GTLB	B	0.04%
CC	C	0.04%
UNP	C	0.04%
LSTR	D	0.04%
IRM	D	0.04%
AMZN	C	0.04%
STE	F	0.04%
NFLX	A	0.04%
AAL	B	0.04%
JNPR	F	0.04%
FRPT	B	0.04%
STZ	D	0.04%
CRI	D	0.04%
ALLY	C	0.04%
BPOP	B	0.04%
JAZZ	B	0.04%
PPG	F	0.04%
CIVI	D	0.04%
FSLR	F	0.04%
ESI	A	0.04%
AMD	F	0.03%
UAA	C	0.03%
EQIX	A	0.03%
JNJ	D	0.03%
VRSN	F	0.03%
S	B	0.03%
HIW	D	0.03%
CAG	D	0.03%
RJF	A	0.03%
ELS	C	0.03%
ZBH	C	0.03%
FIS	C	0.03%
IDA	A	0.03%
RPRX	D	0.03%
CPT	B	0.03%
DAY	B	0.03%
MAA	B	0.03%
UNH	C	0.03%
ICE	C	0.03%
BFAM	D	0.03%
CXT	B	0.03%
TMO	F	0.03%
WMT	A	0.03%
AWK	D	0.03%
TRMB	B	0.03%
SPGI	C	0.03%
APA	D	0.03%
PRGO	B	0.03%
XOM	B	0.03%
SLGN	A	0.03%
ZI	D	0.03%
OKTA	C	0.03%
TWLO	A	0.03%
KSS	F	0.03%
PFG	D	0.03%
SMAR	A	0.03%
TRIP	F	0.03%
NDSN	B	0.03%
SON	D	0.03%
EW	C	0.03%
CBSH	A	0.03%
LFUS	F	0.03%
CHH	A	0.03%
RRC	B	0.03%
IFF	D	0.03%
APTV	D	0.03%
MAN	D	0.03%
RNG	B	0.03%
OWL	A	0.03%
BMY	B	0.03%
NKE	D	0.03%
MKTX	D	0.03%
SWK	D	0.03%
FNB	A	0.03%
KDP	D	0.03%
WTRG	B	0.03%
CRBG	B	0.03%
AN	C	0.03%
FCN	D	0.03%
CLX	B	0.03%
AGCO	D	0.03%
G	B	0.03%
OGN	D	0.03%
CRL	C	0.03%
COLB	A	0.03%
LEN	D	0.03%
AVGO	D	0.03%
SNOW	C	0.03%
WPC	D	0.03%
FTRE	D	0.03%
VIRT	B	0.03%
IQV	D	0.03%
CELH	F	0.03%
MOS	F	0.03%
CHDN	B	0.03%
SQ	B	0.03%
NWS	B	0.03%
KBR	F	0.03%
VMI	B	0.02%
LW	C	0.02%
CSGP	D	0.02%
INTC	D	0.02%
HRL	D	0.02%
LBRDK	C	0.02%
MDB	C	0.02%
REYN	D	0.02%
LAD	A	0.02%
WELL	A	0.02%
FAF	A	0.02%
SCCO	F	0.02%
RVTY	F	0.02%
ASH	D	0.02%
AMED	F	0.02%
RYN	D	0.02%
SJM	D	0.02%
PLD	D	0.02%
BEN	C	0.02%
MIDD	C	0.02%
VFC	C	0.02%
RH	B	0.02%
DOCS	C	0.02%
QGEN	D	0.02%
MTN	C	0.02%
FR	C	0.02%
MASI	A	0.02%
CHRW	C	0.02%
KO	D	0.02%
PB	A	0.02%
FIVE	F	0.02%
PK	B	0.02%
MSTR	C	0.02%
SAM	C	0.02%
BRKR	D	0.02%
PEP	F	0.02%
EGP	F	0.02%
BAX	D	0.02%
CCI	D	0.02%
THG	A	0.02%
MSA	D	0.02%
INCY	C	0.02%
BSY	D	0.02%
HOLX	D	0.02%
PLNT	A	0.02%
ABT	B	0.02%
IPGP	D	0.02%
MSGS	A	0.02%
SBAC	D	0.02%
ES	D	0.02%
INVH	D	0.02%
CNH	C	0.02%
PAG	B	0.02%
RRX	B	0.02%
DHR	F	0.02%
GXO	B	0.02%
MNST	C	0.02%
DXCM	D	0.02%
TTC	D	0.02%
KRC	C	0.02%
BDX	F	0.02%
DIS	B	0.02%
PG	A	0.02%
WSC	D	0.02%
ZBRA	B	0.02%
LVS	C	0.02%
V	A	0.02%
UDR	B	0.02%
HSY	F	0.02%
BXP	D	0.02%
ARW	D	0.02%
TECH	D	0.02%
OHI	C	0.02%
MCD	D	0.02%
CEG	D	0.01%
EL	F	0.01%
EQT	B	0.01%
SPR	D	0.01%
COIN	C	0.01%
REXR	F	0.01%
AA	B	0.01%
VKTX	F	0.01%
INFA	D	0.01%
CWEN	C	0.01%
NET	B	0.01%
AGR	B	0.01%
CGNX	C	0.01%
ENOV	C	0.01%
FMC	D	0.01%
WAT	B	0.01%
HAS	D	0.01%
SNDR	B	0.01%
IVZ	B	0.01%
DNB	B	0.01%
CZR	F	0.01%
CLVT	F	0.01%
RKT	F	0.01%
SEB	F	0.01%
PII	D	0.01%
ARE	D	0.01%
W	F	0.01%
CNA	B	0.01%
VTR	C	0.01%
UGI	A	0.01%
CUZ	B	0.01%
ETSY	D	0.01%
GFS	C	0.01%
HSIC	B	0.01%
TFX	F	0.01%
NCNO	B	0.01%
HEI	B	0.01%
LITE	B	0.01%
LLY	F	0.01%
AMT	D	0.01%
ACHC	F	0.01%
JEF	A	0.01%
O	D	0.01%
AZTA	D	0.01%
PEGA	A	0.01%
HAYW	B	0.01%
PATH	C	0.01%
SEE	C	0.01%
HUN	F	0.01%
WTM	A	0.01%
ST	F	0.01%
STWD	C	0.01%
WEN	D	0.01%
KNX	B	0.01%
MRK	F	0.01%
PINC	B	0.01%
ROIV	C	0.01%
FHB	A	0.01%
XP	F	0.01%
RYAN	B	0.01%
EMR	A	0.01%
IAC	D	0.01%
ADTN	A	0.01%
INSP	D	0.01%
CACC	D	0.01%
STAG	F	0.01%
CTLT	B	0.01%
HEI	B	0.01%
MKC	D	0.01%
ELF	C	0.01%
WHR	B	0.01%
DOC	D	0.01%
BA	F	0.0%
ESTC	C	0.0%
COTY	F	0.0%
RGEN	D	0.0%
BMRN	D	0.0%
UHAL	D	0.0%
MKSI	C	0.0%
BOKF	B	0.0%
VAC	B	0.0%
APPF	B	0.0%

ONEO Underweight 158 Positions Relative to PFF

Symbol	Grade	Weight
TBB	C	-0.79%
SOJD	F	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
CMSD	C	-0.38%
JXN	C	-0.37%
CHSCO	C	-0.36%
LNC	B	-0.35%
PRS	B	-0.35%
BTSG	C	-0.35%
CHSCL	C	-0.33%
BANC	A	-0.32%
GTLS	B	-0.32%
QRTEP	F	-0.32%
CTDD	C	-0.31%
DUKB	C	-0.31%
CHSCM	D	-0.31%
UZE	B	-0.29%
USM	B	-0.29%
FITBI	C	-0.29%
BPYPM	C	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
PFH	F	-0.25%
RZB	C	-0.25%
MS	A	-0.25%
CG	A	-0.24%
TDS	B	-0.23%
PBI	B	-0.23%
DTW	D	-0.23%
FG	B	-0.23%
CHSCP	F	-0.22%
EAI	C	-0.22%
AGNCN	B	-0.21%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	C	-0.19%
ATHS	C	-0.19%
ACGLO	C	-0.19%
UMH	C	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	D	-0.17%
CMSC	C	-0.17%
TCBI	B	-0.16%
TVC	C	-0.15%
ELC	C	-0.15%
BHF	B	-0.15%
NRUC	D	-0.15%
NAVI	C	-0.15%
SR	A	-0.15%
GPJA	F	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	C	-0.14%
AIZN	D	-0.14%
HPP	F	-0.14%
EMP	D	-0.14%
AGNC	D	-0.14%
DBRG	F	-0.13%
DDT	B	-0.13%
TVE	C	-0.12%
SLMBP	C	-0.12%
SLG	B	-0.12%
CMSA	C	-0.12%
FCNCO	D	-0.12%
SFB	D	-0.12%
SITC	D	-0.11%
LBRDP	C	-0.11%
AUB	B	-0.11%
HWC	B	-0.11%
AFGC	C	-0.11%
NYMTM	B	-0.11%
SIGI	C	-0.1%
WSBC	A	-0.1%
TRTX	B	-0.1%
SPLP	D	-0.1%
FULT	A	-0.1%
AFGE	D	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
DHC	F	-0.1%
CIM	D	-0.09%
KMPR	B	-0.09%
GPMT	C	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	C	-0.09%
AHH	D	-0.09%
BNRE.A	C	-0.09%
BOH	B	-0.08%
QVCD	D	-0.08%
ATLC	B	-0.08%
TWO	D	-0.08%
GAIN	C	-0.08%
AFGB	C	-0.08%
LANDO	B	-0.08%
NYMTL	A	-0.08%
ARGD	C	-0.08%
CNO	A	-0.08%
WTFCM	B	-0.08%
MBIN	D	-0.08%
NYMTN	D	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
BPOPM	C	-0.07%
CLDT	B	-0.07%
IVR	F	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
CTO	B	-0.07%
MHNC	D	-0.07%
FTAI	B	-0.07%
ONB	B	-0.07%
PMT	D	-0.07%
VLYPP	A	-0.07%
NEWT	B	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
DRH	B	-0.07%
EQC	B	-0.07%
TRIN	A	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	C	-0.06%
BFS	C	-0.06%
PEB	D	-0.06%
LXP	D	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	C	-0.06%
GNL	F	-0.06%
BW	D	-0.06%
SAR	A	-0.06%
DCOMP	C	-0.06%
FATBP	D	-0.05%
MHLA	C	-0.05%
CIO	D	-0.05%
INN	D	-0.05%
SHO	C	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	C	-0.04%
OPI	F	-0.04%
BHR	B	-0.03%
XELAP	F	-0.0%