ONEQ vs. AVSE ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

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

$71.48

Average Daily Volume

288,989

Number of Holdings ^*

848

* may have additional holdings in another (foreign) market

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$56.16

Average Daily Volume

2,882

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	AVSE
30 Days	6.25%	8.53%
60 Days	12.06%	14.81%
90 Days	-1.05%	5.86%
12 Months	38.14%	31.45%

17 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in AVSE	Overlap
BGNE	A	0.04%	0.05%	0.04%
BGNE	A	0.04%	0.04%	0.04%
BIDU	C	0.06%	0.06%	0.06%
BILI	B	0.01%	0.0%	0.0%
BZ	C	0.02%	0.01%	0.01%
CAR	D	0.01%	0.08%	0.01%
HTHT	B	0.02%	0.24%	0.02%
IQ	D	0.01%	0.07%	0.01%
LI	C	0.02%	0.3%	0.02%
MOMO	B	0.01%	0.04%	0.01%
NTES	B	0.04%	0.55%	0.04%
PDD	B	0.34%	0.76%	0.34%
QFIN	A	0.02%	0.08%	0.02%
STNE	F	0.01%	0.12%	0.01%
TCOM	A	0.08%	0.23%	0.08%
WB	B	0.01%	0.03%	0.01%
YY	C	0.01%	0.05%	0.01%

ONEQ Overweight 832 Positions Relative to AVSE

Symbol	Grade	Weight
AAPL	C	11.88%
MSFT	D	10.8%
NVDA	B	9.92%
AMZN	C	6.71%
META	A	4.35%
GOOGL	B	3.38%
GOOG	B	3.25%
TSLA	C	2.85%
AVGO	B	2.68%
COST	C	1.34%
NFLX	A	1.05%
AMD	C	0.89%
TMUS	A	0.81%
PEP	F	0.79%
ADBE	F	0.77%
LIN	C	0.76%
CSCO	A	0.73%
QCOM	D	0.64%
TXN	C	0.63%
AMGN	D	0.59%
ISRG	C	0.59%
INTU	F	0.58%
AMAT	C	0.56%
CMCSA	B	0.55%
HON	C	0.46%
BKNG	B	0.46%
VRTX	D	0.42%
REGN	D	0.39%
ADP	A	0.39%
SBUX	B	0.38%
MU	D	0.38%
ADI	B	0.38%
LRCX	D	0.36%
MELI	D	0.36%
PANW	B	0.36%
KLAC	B	0.35%
GILD	A	0.35%
INTC	D	0.34%
MDLZ	D	0.33%
CEG	A	0.29%
CME	A	0.28%
EQIX	C	0.28%
CTAS	C	0.27%
ASML	F	0.27%
PYPL	A	0.27%
SNPS	F	0.26%
CDNS	D	0.24%
MAR	A	0.23%
ORLY	A	0.23%
CRWD	D	0.22%
CSX	D	0.22%
MRVL	C	0.21%
ADSK	B	0.2%
ROP	D	0.2%
NXPI	F	0.2%
FTNT	A	0.2%
ABNB	D	0.19%
DASH	A	0.19%
WDAY	D	0.18%
MNST	D	0.18%
AEP	C	0.18%
TTD	A	0.17%
ROST	D	0.17%
KDP	C	0.17%
CPRT	B	0.17%
PAYX	B	0.17%
PCAR	D	0.17%
CHTR	D	0.16%
ODFL	F	0.15%
FAST	C	0.15%
MPWR	B	0.15%
ACGL	A	0.15%
AZN	D	0.15%
EXC	C	0.14%
IDXX	D	0.14%
MCHP	F	0.14%
GEHC	C	0.14%
NDAQ	C	0.14%
KHC	F	0.14%
BKR	B	0.13%
EA	D	0.13%
XEL	C	0.13%
VRSK	D	0.13%
CTSH	B	0.13%
APP	A	0.13%
COIN	F	0.12%
DDOG	B	0.12%
CCEP	C	0.12%
ALNY	C	0.12%
WTW	C	0.11%
LULU	D	0.11%
FANG	D	0.11%
CSGP	F	0.11%
TSCO	A	0.11%
ON	F	0.11%
EBAY	A	0.11%
BIIB	F	0.1%
CDW	D	0.1%
MSTR	B	0.1%
AXON	A	0.1%
MRNA	F	0.09%
FITB	C	0.09%
FSLR	C	0.09%
SBAC	C	0.09%
TEAM	D	0.09%
DXCM	F	0.09%
ANSS	D	0.09%
ERIE	A	0.09%
TTWO	D	0.09%
WDC	C	0.08%
TROW	D	0.08%
TER	C	0.08%
STX	C	0.08%
ICLR	F	0.08%
NTAP	D	0.08%
ZS	F	0.08%
FCNCA	D	0.08%
PFG	A	0.07%
HBAN	B	0.07%
MDB	D	0.07%
STLD	C	0.07%
PTC	B	0.07%
CINF	A	0.07%
WBD	F	0.07%
CHKP	A	0.07%
JD	A	0.07%
GFS	F	0.07%
ILMN	B	0.07%
GEN	A	0.06%
ENTG	D	0.06%
JBHT	D	0.06%
PODD	C	0.06%
SSNC	C	0.06%
ULTA	D	0.06%
ARM	C	0.06%
HOLX	D	0.06%
EXPE	B	0.06%
SNY	C	0.06%
ZM	B	0.06%
VRSN	C	0.06%
MANH	A	0.06%
NTRS	B	0.06%
HOOD	B	0.06%
ARGX	C	0.06%
LPLA	D	0.06%
UAL	A	0.06%
DKNG	C	0.06%
ALGN	D	0.06%
ZBRA	B	0.06%
TTEK	A	0.05%
INCY	B	0.05%
MNDY	B	0.05%
FLEX	B	0.05%
BMRN	F	0.05%
VTRS	D	0.05%
LOGI	D	0.05%
CASY	D	0.05%
NTNX	C	0.05%
POOL	D	0.05%
NDSN	C	0.05%
SMMT	D	0.05%
MORN	B	0.05%
SWKS	F	0.05%
CPB	D	0.05%
TRMB	B	0.05%
GRAB	C	0.05%
BSY	D	0.05%
LNT	B	0.05%
DLTR	F	0.05%
AKAM	D	0.05%
UTHR	C	0.05%
CG	B	0.05%
TW	A	0.05%
IBKR	A	0.05%
ENPH	F	0.05%
NTRA	A	0.05%
MKTX	B	0.04%
QRVO	F	0.04%
NWSA	D	0.04%
DUOL	B	0.04%
MTCH	B	0.04%
LAMR	C	0.04%
RGLD	C	0.04%
AFRM	C	0.04%
LBRDK	C	0.04%
INSM	D	0.04%
HAS	A	0.04%
TXRH	A	0.04%
EWBC	B	0.04%
CHK	C	0.04%
RIVN	F	0.04%
COKE	C	0.04%
HST	D	0.04%
Z	C	0.04%
SFM	A	0.04%
FFIV	B	0.04%
FUTU	A	0.04%
SAIA	D	0.04%
NBIX	F	0.04%
PAA	B	0.04%
DOCU	A	0.04%
CYBR	C	0.04%
JKHY	A	0.04%
CHRW	C	0.04%
SRPT	F	0.04%
OKTA	F	0.04%
WING	C	0.04%
PPC	C	0.04%
BNTX	B	0.04%
GLPI	C	0.04%
RPRX	D	0.04%
PCVX	C	0.04%
TECH	D	0.04%
REG	C	0.04%
EXAS	C	0.04%
EVRG	C	0.04%
UFPI	C	0.03%
MAT	B	0.03%
MKSI	F	0.03%
MIDD	D	0.03%
GLBE	C	0.03%
CELH	F	0.03%
MASI	B	0.03%
HLNE	A	0.03%
LNW	F	0.03%
LSCC	D	0.03%
XP	F	0.03%
RVMD	B	0.03%
ITCI	D	0.03%
FOX	B	0.03%
SPSC	D	0.03%
CHRD	F	0.03%
RGEN	F	0.03%
WBA	F	0.03%
HSIC	D	0.03%
EXEL	B	0.03%
NICE	D	0.03%
CBSH	D	0.03%
CZR	B	0.03%
CROX	C	0.03%
WTFC	B	0.03%
MTSI	B	0.03%
ASND	C	0.03%
LCID	F	0.03%
ROIV	D	0.03%
PARA	F	0.03%
SOFI	C	0.03%
SAIC	A	0.03%
OLED	B	0.03%
CHDN	C	0.03%
AAON	A	0.03%
WIX	D	0.03%
FOXA	B	0.03%
ROKU	C	0.03%
FYBR	C	0.03%
APA	F	0.03%
OTEX	D	0.03%
DOX	B	0.03%
SEIC	B	0.03%
PCTY	C	0.03%
LKQ	F	0.03%
BRKR	D	0.03%
MEDP	F	0.03%
WWD	C	0.03%
WYNN	B	0.03%
LECO	D	0.03%
NCNO	F	0.02%
RUSHA	D	0.02%
JJSF	C	0.02%
PTEN	F	0.02%
ADMA	A	0.02%
LOPE	D	0.02%
CCOI	B	0.02%
IBOC	D	0.02%
IRDM	C	0.02%
IAC	C	0.02%
CALM	A	0.02%
CVCO	C	0.02%
RMBS	F	0.02%
TFSL	D	0.02%
SLAB	D	0.02%
NMIH	B	0.02%
MARA	F	0.02%
AEIS	B	0.02%
VOD	D	0.02%
RUN	D	0.02%
OPCH	F	0.02%
ACLX	C	0.02%
VCTR	A	0.02%
PCH	C	0.02%
SANM	D	0.02%
INTA	C	0.02%
IMVT	D	0.02%
CFLT	F	0.02%
CRNX	C	0.02%
PLXS	A	0.02%
RNA	B	0.02%
PRCT	D	0.02%
XRAY	D	0.02%
DNLI	C	0.02%
BGC	B	0.02%
ONB	D	0.02%
APPF	C	0.02%
MDGL	F	0.02%
LITE	A	0.02%
QLYS	F	0.02%
KTOS	B	0.02%
TMDX	D	0.02%
LEGN	F	0.02%
BECN	D	0.02%
LANC	F	0.02%
BLKB	C	0.02%
IPAR	D	0.02%
LYFT	D	0.02%
COLM	B	0.02%
VLY	C	0.02%
AXSM	D	0.02%
HWC	D	0.02%
WMG	D	0.02%
FIZZ	F	0.02%
STEP	A	0.02%
HCP	A	0.02%
SITM	A	0.02%
SRCL	B	0.02%
ITRI	C	0.02%
KRYS	D	0.02%
CACC	F	0.02%
ASO	D	0.02%
PECO	C	0.02%
AUR	C	0.02%
STRL	B	0.02%
IESC	A	0.02%
BBIO	F	0.02%
EEFT	F	0.02%
SBRA	C	0.02%
FIVE	D	0.02%
SGRY	C	0.02%
GLNG	A	0.02%
BPMC	F	0.02%
ALTR	B	0.02%
VRRM	D	0.02%
RARE	D	0.02%
CRDO	B	0.02%
SLM	B	0.02%
ALKS	B	0.02%
ICUI	B	0.02%
ALGM	F	0.02%
DBX	C	0.02%
UBSI	D	0.02%
COOP	B	0.02%
TIGO	C	0.02%
RDNT	C	0.02%
LSTR	F	0.02%
FELE	C	0.02%
UMBF	C	0.02%
CWST	D	0.02%
CHCI	B	0.02%
RKLB	B	0.02%
TENB	D	0.02%
BPOP	D	0.02%
EXLS	B	0.02%
GNTX	D	0.02%
SHC	C	0.02%
ZION	D	0.02%
CHX	C	0.02%
CYTK	D	0.02%
MMSI	C	0.02%
CORT	B	0.02%
PNFP	B	0.02%
ACIW	A	0.02%
NSIT	B	0.02%
QXO	F	0.02%
ACHC	F	0.02%
VRNS	B	0.02%
IONS	F	0.02%
SIGI	D	0.02%
CRUS	D	0.02%
AGNC	B	0.02%
NXST	D	0.02%
COLB	C	0.02%
FFIN	D	0.02%
PI	A	0.02%
ETSY	F	0.02%
TPG	A	0.02%
BCPC	C	0.02%
JAZZ	F	0.02%
NUVL	B	0.02%
AAL	D	0.02%
FRPT	A	0.02%
CRVL	C	0.02%
RCM	B	0.02%
CGNX	F	0.02%
EXPO	A	0.02%
MMYT	B	0.02%
BOKF	B	0.02%
WFRD	F	0.02%
OLLI	C	0.02%
CVLT	B	0.02%
AVAV	B	0.02%
ACT	B	0.02%
IEP	F	0.02%
PEGA	B	0.02%
GTLB	D	0.02%
FRHC	A	0.02%
VKTX	C	0.02%
CSWI	A	0.02%
ENSG	D	0.02%
LNTH	C	0.02%
LFUS	C	0.02%
AMKR	F	0.02%
WSC	D	0.02%
HQY	B	0.02%
REYN	D	0.02%
HALO	D	0.02%
NOVT	C	0.02%
AMWD	C	0.01%
OABI	F	0.01%
IMNM	F	0.01%
TTGT	F	0.01%
PYCR	D	0.01%
SRCL	B	0.01%
GDEN	D	0.01%
SCHL	F	0.01%
FLYW	F	0.01%
BCBP	B	0.01%
SOUN	F	0.01%
ISTR	C	0.01%
JBSS	F	0.01%
FFIC	C	0.01%
EMBC	F	0.01%
CVAC	F	0.01%
ESTA	D	0.01%
WASH	C	0.01%
SVRA	F	0.01%
RIOT	F	0.01%
LQDA	F	0.01%
PLYA	D	0.01%
NEXT	F	0.01%
TRDA	B	0.01%
PHAT	C	0.01%
CNSL	A	0.01%
JACK	F	0.01%
TH	F	0.01%
MATW	F	0.01%
IMKTA	F	0.01%
BCYC	D	0.01%
IRON	C	0.01%
BASE	F	0.01%
GIII	C	0.01%
SAVA	D	0.01%
EYE	F	0.01%
TRS	D	0.01%
GMAB	F	0.01%
PLAY	D	0.01%
NNBR	C	0.01%
ASTL	C	0.01%
NNDM	C	0.01%
SDGR	F	0.01%
CNTA	B	0.01%
KELYA	D	0.01%
FLGT	F	0.01%
WOOF	B	0.01%
FWRG	F	0.01%
PFC	D	0.01%
BVS	B	0.01%
MNTK	D	0.01%
OPK	D	0.01%
IREN	C	0.01%
AVAH	D	0.01%
RLAY	F	0.01%
COMM	C	0.01%
ICHR	D	0.01%
CEVA	B	0.01%
PGNY	F	0.01%
CIFR	C	0.01%
ODP	F	0.01%
IBUY	A	0.01%
TVTX	A	0.01%
CBRL	D	0.01%
KRNT	A	0.01%
TREE	C	0.01%
VIR	F	0.01%
KALU	D	0.01%
MRVI	F	0.01%
DLO	D	0.01%
GSM	D	0.01%
VRNT	F	0.01%
ATSG	D	0.01%
SPRY	C	0.01%
BLMN	F	0.01%
COHU	F	0.01%
TARS	C	0.01%
HBNC	D	0.01%
ANAB	D	0.01%
INMD	F	0.01%
PCT	C	0.01%
IMCR	F	0.01%
VSEC	D	0.01%
CMCO	D	0.01%
THRM	F	0.01%
NSSC	F	0.01%
WULF	C	0.01%
HTLD	F	0.01%
IMTX	F	0.01%
AVO	C	0.01%
WABC	F	0.01%
CLOV	B	0.01%
LBRDA	C	0.01%
NVEE	F	0.01%
TRNS	D	0.01%
BLBD	D	0.01%
UDMY	F	0.01%
PDFS	F	0.01%
COLL	A	0.01%
FWRD	D	0.01%
TYRA	C	0.01%
LBPH	D	0.01%
DHC	C	0.01%
COGT	B	0.01%
AMED	D	0.01%
CLSK	F	0.01%
RDFN	C	0.01%
HROW	B	0.01%
PEBO	F	0.01%
CDNA	B	0.01%
CNDT	B	0.01%
PFBC	D	0.01%
NVAX	C	0.01%
HTZ	F	0.01%
AMSF	B	0.01%
SABR	C	0.01%
ANIP	F	0.01%
RCKT	F	0.01%
TCBK	D	0.01%
SPT	F	0.01%
ULCC	C	0.01%
GDYN	B	0.01%
VMEO	C	0.01%
QNST	C	0.01%
APOG	B	0.01%
ULH	B	0.01%
BCRX	D	0.01%
ECPG	F	0.01%
SCSC	D	0.01%
RDWR	B	0.01%
MRTN	F	0.01%
NFE	F	0.01%
MCRI	B	0.01%
MBUU	D	0.01%
SEDG	F	0.01%
CRAI	B	0.01%
DGII	B	0.01%
OCFC	C	0.01%
SCVL	D	0.01%
NVCR	F	0.01%
RNW	D	0.01%
DAWN	D	0.01%
GABC	D	0.01%
INBK	D	0.01%
CSGS	B	0.01%
NEO	F	0.01%
AUPH	C	0.01%
SAFT	D	0.01%
SVC	D	0.01%
PLAB	D	0.01%
CENTA	F	0.01%
WINA	C	0.01%
UNIT	B	0.01%
PSNY	D	0.01%
NAVI	D	0.01%
TLRY	F	0.01%
FTRE	F	0.01%
AOSL	D	0.01%
INFN	C	0.01%
ERII	C	0.01%
MNKD	B	0.01%
VITL	C	0.01%
UPBD	F	0.01%
LKFN	D	0.01%
INVA	B	0.01%
UCTT	D	0.01%
FIVN	F	0.01%
MSEX	C	0.01%
STAA	D	0.01%
KURA	F	0.01%
ENVX	D	0.01%
ARDX	D	0.01%
VRDN	B	0.01%
MYRG	D	0.01%
ANDE	D	0.01%
PRDO	D	0.01%
WVE	C	0.01%
DVAX	F	0.01%
VECO	F	0.01%
AXNX	A	0.01%
IAS	F	0.01%
CAKE	A	0.01%
SASR	B	0.01%
LILAK	D	0.01%
PDCO	F	0.01%
NWBI	D	0.01%
ZLAB	C	0.01%
AHCO	D	0.01%
JANX	C	0.01%
TTMI	D	0.01%
XNCR	D	0.01%
BUSE	D	0.01%
SIMO	D	0.01%
DCOM	B	0.01%
CENX	C	0.01%
MGNI	D	0.01%
WSBC	D	0.01%
RXST	F	0.01%
APPN	C	0.01%
PAGP	B	0.01%
DOOO	F	0.01%
DNUT	F	0.01%
AKRO	D	0.01%
HLIT	D	0.01%
ROIC	C	0.01%
ARVN	F	0.01%
PRVA	F	0.01%
IDCC	A	0.01%
SYBT	C	0.01%
TRUP	B	0.01%
VERA	C	0.01%
AY	C	0.01%
VRNA	B	0.01%
VBTX	C	0.01%
CHEF	C	0.01%
ATEX	D	0.01%
CNXN	C	0.01%
CASH	C	0.01%
SUPN	D	0.01%
HOPE	B	0.01%
BEAM	F	0.01%
EVCM	D	0.01%
OLPX	C	0.01%
CRTO	D	0.01%
FRME	D	0.01%
VC	F	0.01%
GGAL	B	0.01%
IRTC	F	0.01%
PLUG	D	0.01%
EXTR	D	0.01%
SNDX	F	0.01%
MLCO	C	0.01%
LAUR	C	0.01%
AMRK	C	0.01%
CHCO	D	0.01%
MLKN	F	0.01%
ALHC	C	0.01%
PINC	F	0.01%
TFIN	F	0.01%
XRX	D	0.01%
STRA	F	0.01%
OSW	B	0.01%
CLDX	F	0.01%
GTX	F	0.01%
TRMK	D	0.01%
SKWD	A	0.01%
SBCF	D	0.01%
PTVE	D	0.01%
VCEL	F	0.01%
LGND	C	0.01%
STBA	D	0.01%
EFSC	D	0.01%
ATAT	A	0.01%
RRR	D	0.01%
HPK	D	0.01%
TWST	D	0.01%
PTGX	C	0.01%
HEES	D	0.01%
CLBK	F	0.01%
WERN	D	0.01%
AZTA	F	0.01%
SPNS	B	0.01%
NTCT	C	0.01%
CPRX	C	0.01%
XPEL	D	0.01%
FFBC	D	0.01%
BANR	B	0.01%
MGPI	F	0.01%
RPD	D	0.01%
SBLK	C	0.01%
FBNC	B	0.01%
HURN	D	0.01%
HAIN	C	0.01%
CMPR	F	0.01%
ATRC	C	0.01%
INDB	D	0.01%
HRMY	D	0.01%
ROCK	D	0.01%
ASTE	F	0.01%
ARCB	F	0.01%
GDS	B	0.01%
MBIN	C	0.01%
NARI	F	0.01%
VCYT	C	0.01%
LMAT	A	0.01%
MYGN	D	0.01%
IDYA	F	0.01%
KYMR	D	0.01%
ADUS	D	0.01%
ALRM	F	0.01%
RBCAA	C	0.01%
LGIH	C	0.01%
EWTX	B	0.01%
MQ	F	0.01%
VIAV	C	0.01%
WEN	B	0.01%
IOVA	D	0.01%
NBTB	D	0.01%
SWTX	F	0.01%
MIRM	D	0.01%
NMRK	C	0.01%
KLIC	D	0.01%
GT	F	0.01%
TNDM	D	0.01%
PLTK	C	0.01%
PPBI	D	0.01%
CVBF	B	0.01%
ARWR	F	0.01%
AMRX	B	0.01%
JAMF	F	0.01%
ACLS	F	0.01%
TXG	F	0.01%
ZD	D	0.01%
FROG	F	0.01%
DIOD	F	0.01%
FULT	D	0.01%
AGIO	D	0.01%
CARG	C	0.01%
FRSH	F	0.01%
GERN	D	0.01%
BRZE	F	0.01%
SMTC	C	0.01%
MGRC	D	0.01%
UFPT	D	0.01%
GSHD	B	0.01%
PSMT	A	0.01%
ACAD	F	0.01%
LIVN	C	0.01%
KROS	C	0.01%
ZG	C	0.01%
JBLU	B	0.01%
OMCL	C	0.01%
PLMR	A	0.01%
GH	F	0.01%
ERIC	C	0.01%
OSIS	C	0.01%
AMPH	C	0.01%
CGON	C	0.01%
PRFT	A	0.01%
TGTX	D	0.01%
HTLF	B	0.01%
FLNC	C	0.01%
TOWN	C	0.01%
NWE	C	0.01%
IBTX	B	0.01%
MRCY	B	0.01%
BL	D	0.01%
SKYW	B	0.01%
IOSP	F	0.01%
UPST	C	0.01%
DRVN	C	0.01%
GOGL	C	0.01%
SNEX	B	0.01%
EBC	B	0.01%
VERX	B	0.01%
FHB	D	0.01%
DYN	D	0.01%
PLUS	B	0.01%
USLM	C	0.01%
PENN	D	0.01%
APLS	F	0.01%
SYNA	F	0.01%
NPAB	D	0.01%
HUBG	D	0.01%
PTCT	C	0.01%
BHF	D	0.01%
MRUS	D	0.01%
TRMD	D	0.01%
PRGS	A	0.01%
CATY	B	0.01%
EXPI	C	0.01%
RYTM	C	0.01%
FIBK	C	0.01%
PAYO	A	0.01%
AGYS	D	0.01%
FORM	D	0.01%
OZK	D	0.01%
SFNC	B	0.01%
OTTR	F	0.01%
CNXC	F	0.01%
FTDR	B	0.01%
WSFS	D	0.01%
VICR	C	0.01%
WAFD	D	0.01%
AMBA	C	0.01%
ASTH	B	0.01%
ESGR	C	0.01%
VIRT	B	0.01%
ACVA	C	0.01%
URBN	F	0.01%
LFST	C	0.01%
HWKN	B	0.01%
AVT	B	0.01%
SATS	C	0.01%
DORM	C	0.01%
FA	A	0.01%
POWL	B	0.01%
NEOG	F	0.01%
XENE	D	0.01%
MGEE	C	0.01%
SMPL	D	0.01%
ROAD	C	0.01%
POWI	F	0.01%
TBBK	A	0.01%
WDFC	B	0.01%
FOLD	F	0.01%
ICFI	C	0.01%
CLBT	B	0.01%
BANF	D	0.01%
NWL	D	0.01%
SHOO	A	0.01%
PATK	A	0.01%
ARLP	A	0.01%
ALKT	D	0.01%
NWS	D	0.01%
CRSP	F	0.01%
TCBI	B	0.01%

ONEQ Underweight 74 Positions Relative to AVSE

Symbol	Grade	Weight
TSM	B	-4.57%
BABA	A	-1.93%
INFY	B	-0.74%
HDB	D	-0.55%
IBN	C	-0.47%
KB	D	-0.43%
SHG	D	-0.4%
ITUB	D	-0.36%
YUMC	B	-0.35%
UMC	D	-0.27%
CPNG	C	-0.26%
VIPS	B	-0.24%
ASX	D	-0.23%
ZTO	B	-0.22%
BBD	C	-0.18%
GFI	C	-0.18%
PAC	C	-0.16%
BAP	A	-0.16%
BEKE	A	-0.15%
TLK	D	-0.15%
SUZ	D	-0.13%
CIG	C	-0.12%
LPL	D	-0.11%
FMX	F	-0.1%
SBS	D	-0.1%
TME	B	-0.09%
BCH	D	-0.09%
OMAB	D	-0.09%
RDY	D	-0.09%
ASR	D	-0.08%
ABEV	B	-0.08%
ASAI	F	-0.08%
EBR	F	-0.08%
ATHM	B	-0.07%
SBSW	C	-0.07%
SKM	C	-0.07%
VIV	C	-0.06%
TKC	F	-0.06%
WIT	C	-0.06%
CHT	C	-0.06%
BRFS	D	-0.05%
ELP	F	-0.05%
MNSO	C	-0.05%
SCCO	B	-0.05%
TV	D	-0.05%
SGRP	C	-0.04%
ASAI	F	-0.04%
AKO.A	D	-0.04%
BSAC	D	-0.04%
KT	C	-0.04%
NIO	C	-0.03%
IMOS	D	-0.03%
SOHU	A	-0.03%
PHI	B	-0.03%
GRIN	A	-0.03%
SQM	D	-0.03%
PAGS	F	-0.03%
CIB	D	-0.03%
IFS	B	-0.03%
LX	C	-0.02%
VNET	B	-0.02%
BSBR	F	-0.02%
CCU	D	-0.02%
NOAH	B	-0.02%
PDSB	D	-0.01%
XPEV	C	-0.01%
NIU	B	-0.0%
DAO	B	-0.0%
TIGR	A	-0.0%
CANG	B	-0.0%
API	C	-0.0%
TUYA	C	-0.0%
TAL	C	-0.0%
CAAS	B	-0.0%