ONEQ vs. DEMZ ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to DEMZ Political Contributions ETF (DEMZ)

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

$71.02

Average Daily Volume

311,243

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

DEMZ

DEMZ Political Contributions ETF

DEMZ Description

The investment seeks to track the total return performance, before fees and expenses, of the DEMZ Political Contribution Index. The index is a subset of the S&P 500® Index designed to provide exposure to companies that make political contributions to Democratic Party candidates and political action committees above a certain threshold. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities included in the index.

Grade (RS Rating)

Last Trade

$35.60

Average Daily Volume

2,344

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	DEMZ
30 Days	1.17%	1.60%
60 Days	1.73%	4.25%
90 Days	1.97%	3.19%
12 Months	34.63%	31.85%

24 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in DEMZ	Overlap
AAPL	C	11.9%	5.08%	5.08%
ADBE	F	0.84%	1.25%	0.84%
ADP	B	0.39%	2.5%	0.39%
ADSK	C	0.19%	1.14%	0.19%
AMD	D	0.86%	1.38%	0.86%
BKNG	C	0.46%	0.98%	0.46%
CDNS	D	0.25%	0.86%	0.25%
CDW	D	0.1%	0.95%	0.1%
COST	B	1.41%	5.01%	1.41%
EA	D	0.13%	1.04%	0.13%
GOOG	D	3.1%	1.93%	1.93%
GOOGL	D	3.23%	2.16%	2.16%
HSIC	C	0.03%	1.0%	0.03%
KLAC	D	0.35%	2.15%	0.35%
LRCX	F	0.35%	1.58%	0.35%
META	B	4.01%	3.31%	3.31%
MSFT	C	11.17%	4.72%	4.72%
NDSN	C	0.05%	1.3%	0.05%
NFLX	B	1.04%	1.03%	1.03%
NVDA	D	10.22%	4.49%	4.49%
PAYX	C	0.17%	1.6%	0.17%
ROST	C	0.18%	1.53%	0.18%
SNPS	D	0.26%	0.81%	0.26%
ULTA	D	0.06%	0.92%	0.06%

ONEQ Overweight 800 Positions Relative to DEMZ

Symbol	Grade	Weight
AMZN	C	6.77%
AVGO	C	2.71%
TSLA	C	2.56%
PEP	C	0.85%
TMUS	C	0.83%
LIN	B	0.78%
CSCO	C	0.7%
QCOM	D	0.65%
INTU	C	0.64%
TXN	C	0.63%
AMGN	B	0.62%
ISRG	B	0.6%
CMCSA	D	0.54%
AMAT	D	0.54%
HON	D	0.46%
REGN	C	0.43%
VRTX	D	0.43%
SBUX	C	0.39%
ADI	C	0.39%
PANW	D	0.39%
MELI	B	0.38%
GILD	B	0.36%
MDLZ	B	0.35%
MU	F	0.35%
INTC	F	0.29%
CTAS	B	0.29%
CME	C	0.28%
EQIX	C	0.28%
ASML	F	0.26%
PYPL	B	0.25%
CSX	D	0.23%
MAR	C	0.23%
ORLY	C	0.23%
CEG	C	0.22%
PDD	F	0.22%
MRVL	C	0.22%
CRWD	D	0.21%
FTNT	C	0.2%
ROP	C	0.2%
NXPI	F	0.2%
AEP	C	0.19%
ABNB	D	0.18%
WDAY	D	0.18%
MNST	D	0.18%
CPRT	D	0.17%
PCAR	D	0.17%
CHTR	D	0.17%
DASH	C	0.17%
KDP	B	0.17%
AZN	D	0.16%
TTD	B	0.16%
ODFL	D	0.15%
NDAQ	A	0.15%
ACGL	C	0.15%
KHC	C	0.15%
MPWR	C	0.15%
FAST	C	0.14%
EXC	C	0.14%
GEHC	C	0.14%
IDXX	C	0.14%
MCHP	F	0.14%
CCEP	B	0.13%
XEL	B	0.13%
VRSK	D	0.13%
CTSH	C	0.13%
DDOG	D	0.12%
COIN	F	0.12%
BKR	C	0.12%
ALNY	C	0.12%
APP	C	0.11%
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%
AXON	B	0.1%
BIIB	F	0.1%
WTW	C	0.1%
ON	D	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ZS	F	0.09%
SBAC	C	0.09%
TTWO	C	0.09%
ERIE	B	0.09%
TEAM	D	0.09%
MRNA	F	0.09%
SMCI	F	0.09%
ANSS	D	0.09%
WDC	D	0.08%
STX	C	0.08%
GFS	F	0.08%
MDB	D	0.08%
MSTR	D	0.08%
NTAP	D	0.08%
TROW	D	0.08%
FSLR	C	0.08%
ICLR	D	0.08%
PTC	D	0.07%
HBAN	B	0.07%
CINF	B	0.07%
TER	D	0.07%
CHKP	B	0.07%
WBD	D	0.07%
ILMN	C	0.07%
NTRA	C	0.06%
LPLA	D	0.06%
UAL	C	0.06%
EXPE	C	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	F	0.06%
SNY	B	0.06%
PODD	B	0.06%
VRSN	D	0.06%
SSNC	B	0.06%
ZM	C	0.06%
ZBRA	B	0.06%
STLD	F	0.06%
ARM	D	0.06%
HOOD	C	0.06%
NTRS	A	0.06%
HOLX	B	0.06%
DKNG	C	0.06%
PFG	B	0.06%
ARGX	C	0.06%
ALGN	D	0.06%
JD	C	0.05%
POOL	C	0.05%
REG	C	0.05%
GRAB	C	0.05%
BNTX	C	0.05%
LOGI	D	0.05%
TRMB	C	0.05%
VTRS	D	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	C	0.05%
LNT	B	0.05%
NTNX	C	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
DLTR	F	0.05%
BSY	D	0.05%
UTHR	C	0.05%
TW	B	0.05%
AKAM	D	0.05%
CG	D	0.05%
MANH	B	0.05%
TCOM	C	0.05%
CPB	C	0.05%
SWKS	D	0.05%
ENPH	D	0.05%
HAS	B	0.04%
NTES	F	0.04%
LAMR	B	0.04%
PPC	D	0.04%
MEDP	F	0.04%
Z	B	0.04%
RGLD	C	0.04%
EWBC	D	0.04%
DOCU	C	0.04%
MKTX	C	0.04%
CHRW	B	0.04%
FFIV	B	0.04%
COKE	C	0.04%
SFM	B	0.04%
TTEK	C	0.04%
HST	C	0.04%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	0.04%
JKHY	B	0.04%
PAA	C	0.04%
AFRM	C	0.04%
BIDU	D	0.04%
INSM	D	0.04%
INCY	C	0.04%
RPRX	C	0.04%
TECH	C	0.04%
FLEX	C	0.04%
SRPT	D	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
OKTA	F	0.04%
GLPI	C	0.04%
EVRG	B	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	B	0.03%
ETSY	F	0.03%
WSC	D	0.03%
AMKR	F	0.03%
FOX	B	0.03%
FRPT	B	0.03%
HLNE	B	0.03%
CVLT	B	0.03%
VKTX	C	0.03%
GTLB	D	0.03%
MMYT	B	0.03%
RGEN	F	0.03%
ASND	C	0.03%
HALO	C	0.03%
WYNN	D	0.03%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
SPSC	D	0.03%
FOXA	B	0.03%
MTSI	D	0.03%
CELH	F	0.03%
AAON	B	0.03%
CROX	D	0.03%
LBRDK	F	0.03%
XP	D	0.03%
ITCI	D	0.03%
NICE	F	0.03%
EXEL	C	0.03%
CHRD	F	0.03%
RVMD	C	0.03%
DUOL	B	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	C	0.03%
OTEX	D	0.03%
OLED	C	0.03%
QRVO	F	0.03%
SOFI	C	0.03%
ROKU	C	0.03%
CHDN	C	0.03%
PCTY	C	0.03%
DOX	C	0.03%
LECO	F	0.03%
LNW	B	0.03%
WWD	D	0.03%
BRKR	D	0.03%
MTCH	C	0.03%
BGNE	C	0.03%
CHK	D	0.03%
LKQ	F	0.03%
TXRH	C	0.03%
FYBR	C	0.03%
IESC	C	0.02%
KYMR	C	0.02%
TCBI	B	0.02%
SMTC	C	0.02%
CCOI	C	0.02%
BANF	B	0.02%
PTEN	F	0.02%
AEIS	D	0.02%
CVCO	A	0.02%
LOPE	D	0.02%
VCTR	B	0.02%
NWL	C	0.02%
GLNG	C	0.02%
SLAB	D	0.02%
LITE	B	0.02%
INTA	A	0.02%
KTOS	C	0.02%
PLXS	A	0.02%
FOLD	D	0.02%
IPAR	F	0.02%
SITM	B	0.02%
IAC	C	0.02%
NMIH	B	0.02%
LYFT	D	0.02%
CRSP	F	0.02%
STEP	B	0.02%
RMBS	F	0.02%
STRL	B	0.02%
NPAB	D	0.02%
IBOC	D	0.02%
EXPI	C	0.02%
VOD	C	0.02%
SANM	D	0.02%
WMG	D	0.02%
PCH	C	0.02%
AUR	B	0.02%
TFSL	C	0.02%
APPF	D	0.02%
CHCI	C	0.02%
FIZZ	D	0.02%
SATS	C	0.02%
BECN	D	0.02%
BGC	B	0.02%
MARA	F	0.02%
XRAY	D	0.02%
RKLB	C	0.02%
OPCH	C	0.02%
QLYS	F	0.02%
COLM	C	0.02%
VLY	C	0.02%
IMVT	D	0.02%
CRNX	C	0.02%
QXO	F	0.02%
TGTX	C	0.02%
LANC	D	0.02%
CLBT	B	0.02%
ITRI	C	0.02%
RUN	C	0.02%
BLKB	C	0.02%
APLS	F	0.02%
SGRY	C	0.02%
CFLT	F	0.02%
HTHT	D	0.02%
ONB	C	0.02%
CACC	F	0.02%
ALTR	C	0.02%
ACLX	B	0.02%
CORT	C	0.02%
PRCT	C	0.02%
HWC	D	0.02%
HCP	B	0.02%
CRDO	D	0.02%
TMDX	C	0.02%
AXSM	C	0.02%
SRCL	A	0.02%
ASO	C	0.02%
LEGN	F	0.02%
ALKS	C	0.02%
SLM	D	0.02%
SBRA	C	0.02%
EEFT	D	0.02%
CNXC	F	0.02%
FELE	C	0.02%
WTFC	B	0.02%
VRRM	D	0.02%
PECO	B	0.02%
DBX	D	0.02%
LSTR	D	0.02%
RDNT	B	0.02%
IEP	F	0.02%
BBIO	D	0.02%
CHX	F	0.02%
TIGO	B	0.02%
EXLS	B	0.02%
MDGL	F	0.02%
PI	B	0.02%
UBSI	B	0.02%
FIVE	D	0.02%
ESGR	D	0.02%
TENB	F	0.02%
COOP	C	0.02%
ADMA	B	0.02%
ICUI	B	0.02%
ALGM	F	0.02%
GNTX	F	0.02%
SAIC	C	0.02%
ACIW	B	0.02%
UMBF	B	0.02%
AMBA	C	0.02%
MMSI	B	0.02%
BPOP	C	0.02%
ZION	D	0.02%
NSIT	D	0.02%
VRNS	C	0.02%
COLB	B	0.02%
FUTU	D	0.02%
AVAV	C	0.02%
PNFP	B	0.02%
SIGI	D	0.02%
BPMC	F	0.02%
SHC	C	0.02%
NUVL	C	0.02%
MASI	F	0.02%
CWST	D	0.02%
TPG	B	0.02%
EXPO	A	0.02%
RARE	B	0.02%
AGNC	B	0.02%
CYTK	F	0.02%
NXST	D	0.02%
AAL	D	0.02%
CSWI	B	0.02%
CGNX	F	0.02%
BCPC	C	0.02%
CRVL	B	0.02%
JAZZ	D	0.02%
FFIN	B	0.02%
PEGA	C	0.02%
RCM	C	0.02%
LSCC	D	0.02%
UFPI	C	0.02%
LFUS	C	0.02%
DNLI	C	0.02%
ACT	B	0.02%
KRYS	D	0.02%
IONS	F	0.02%
BOKF	B	0.02%
HQY	C	0.02%
OLLI	C	0.02%
FRHC	B	0.02%
LNTH	D	0.02%
NOVT	D	0.02%
MIDD	D	0.02%
CRUS	D	0.02%
WFRD	F	0.02%
IQ	F	0.01%
PYCR	D	0.01%
SANA	F	0.01%
ISTR	B	0.01%
MNTK	D	0.01%
HAFC	C	0.01%
TRDA	D	0.01%
TTGT	F	0.01%
JBSS	D	0.01%
NNDM	F	0.01%
LQDA	F	0.01%
SRCL	A	0.01%
LBRDA	F	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	B	0.01%
RIOT	F	0.01%
BCBP	C	0.01%
PLAY	F	0.01%
BASE	F	0.01%
SRRK	F	0.01%
SOUN	D	0.01%
WASH	A	0.01%
TRS	D	0.01%
SVRA	D	0.01%
KELYA	D	0.01%
GIII	C	0.01%
EYE	F	0.01%
NEXT	F	0.01%
SAVA	C	0.01%
FWRG	F	0.01%
FLYW	F	0.01%
CMCO	F	0.01%
ESTA	D	0.01%
ICHR	F	0.01%
MATW	F	0.01%
IMKTA	D	0.01%
WVE	D	0.01%
DHC	B	0.01%
NNBR	D	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	C	0.01%
SABR	D	0.01%
MLCO	D	0.01%
AVAH	C	0.01%
COLL	C	0.01%
WB	D	0.01%
WULF	D	0.01%
CDNA	C	0.01%
BLMN	F	0.01%
NSSC	F	0.01%
COHU	F	0.01%
PDFS	F	0.01%
SDGR	D	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	B	0.01%
AMED	C	0.01%
AMSF	C	0.01%
CNDT	C	0.01%
APOG	B	0.01%
WABC	D	0.01%
RDWR	C	0.01%
COMM	C	0.01%
IMCR	F	0.01%
THRM	D	0.01%
TRNS	D	0.01%
HROW	B	0.01%
ANIP	D	0.01%
CRAI	D	0.01%
SPT	F	0.01%
TH	D	0.01%
PFBC	D	0.01%
INMD	D	0.01%
CENX	D	0.01%
CLOV	C	0.01%
ATAT	B	0.01%
DGII	D	0.01%
GDYN	C	0.01%
PEBO	C	0.01%
MCRI	C	0.01%
ULH	C	0.01%
STAA	F	0.01%
BLBD	D	0.01%
SCSC	D	0.01%
UCTT	F	0.01%
CSGS	C	0.01%
MRVI	D	0.01%
SCVL	B	0.01%
MRTN	D	0.01%
OCFC	B	0.01%
UDMY	D	0.01%
CLSK	F	0.01%
QNST	B	0.01%
IMTX	C	0.01%
ARDX	D	0.01%
WINA	D	0.01%
CAKE	C	0.01%
PLAB	F	0.01%
TCBK	D	0.01%
VMEO	C	0.01%
DAWN	D	0.01%
VERA	C	0.01%
NVAX	D	0.01%
ECPG	D	0.01%
SAFT	D	0.01%
UNIT	C	0.01%
MYRG	F	0.01%
GABC	C	0.01%
INBK	D	0.01%
BILI	C	0.01%
ANDE	D	0.01%
BCRX	C	0.01%
RNW	C	0.01%
DCOM	B	0.01%
VECO	F	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%
LKFN	C	0.01%
RCKT	D	0.01%
AXNX	B	0.01%
CENTA	F	0.01%
HLIT	C	0.01%
IDCC	B	0.01%
AHCO	C	0.01%
FIVN	F	0.01%
HAIN	D	0.01%
PRDO	D	0.01%
TTMI	D	0.01%
HEES	D	0.01%
SIMO	F	0.01%
FTRE	D	0.01%
APPN	D	0.01%
IAS	D	0.01%
CHEF	D	0.01%
SUPN	C	0.01%
NWBI	C	0.01%
VBTX	B	0.01%
SEDG	F	0.01%
RPD	F	0.01%
VC	F	0.01%
COGT	C	0.01%
PAGP	C	0.01%
SYBT	A	0.01%
PDCO	F	0.01%
SBLK	D	0.01%
SNDX	F	0.01%
ARVN	F	0.01%
AY	C	0.01%
KURA	D	0.01%
CNXN	B	0.01%
ROIC	B	0.01%
BUSE	C	0.01%
SKWD	C	0.01%
NTCT	C	0.01%
FWRD	C	0.01%
PGNY	F	0.01%
HTZ	F	0.01%
XRX	D	0.01%
NEO	C	0.01%
NFE	F	0.01%
HOPE	B	0.01%
EWTX	B	0.01%
OSW	C	0.01%
PTVE	D	0.01%
EXTR	C	0.01%
GDS	B	0.01%
WSBC	D	0.01%
FRME	D	0.01%
CASH	B	0.01%
GTX	F	0.01%
HPK	D	0.01%
INFN	B	0.01%
DOOO	F	0.01%
OLPX	C	0.01%
LAUR	C	0.01%
BVS	C	0.01%
NVCR	D	0.01%
CHCO	B	0.01%
EVCM	D	0.01%
PRVA	F	0.01%
JANX	C	0.01%
RRR	D	0.01%
WERN	D	0.01%
SPNS	D	0.01%
STRA	F	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%
IRTC	F	0.01%
GT	F	0.01%
MGNI	D	0.01%
BANR	B	0.01%
LGND	C	0.01%
SBCF	C	0.01%
ROCK	D	0.01%
EFSC	B	0.01%
AZTA	F	0.01%
STBA	B	0.01%
MNKD	C	0.01%
YY	C	0.01%
VIAV	D	0.01%
HURN	C	0.01%
KLIC	F	0.01%
RXST	C	0.01%
MLKN	D	0.01%
TRUP	C	0.01%
CMPR	D	0.01%
HRMY	B	0.01%
MGPI	D	0.01%
FFBC	D	0.01%
POWL	C	0.01%
CLBK	C	0.01%
ARCB	D	0.01%
LMAT	C	0.01%
JBLU	D	0.01%
LGIH	C	0.01%
XPEL	D	0.01%
NMRK	A	0.01%
MBIN	D	0.01%
TWST	D	0.01%
PLUG	F	0.01%
FBNC	B	0.01%
ATRC	C	0.01%
ADUS	B	0.01%
MYGN	C	0.01%
WEN	C	0.01%
LIVN	D	0.01%
PLTK	C	0.01%
GOGL	D	0.01%
INDB	C	0.01%
ATSG	D	0.01%
ENVX	F	0.01%
ZG	B	0.01%
ALRM	F	0.01%
AKRO	C	0.01%
AMRX	B	0.01%
VCEL	D	0.01%
VRNA	C	0.01%
RBCAA	B	0.01%
BEAM	F	0.01%
MGRC	F	0.01%
SVC	D	0.01%
PPBI	D	0.01%
FROG	F	0.01%
DIOD	F	0.01%
CARG	B	0.01%
MIRM	D	0.01%
KROS	C	0.01%
CVBF	D	0.01%
CGON	C	0.01%
BL	D	0.01%
NBTB	D	0.01%
USLM	B	0.01%
MQ	F	0.01%
ACLS	F	0.01%
SKYW	C	0.01%
VERX	D	0.01%
PRGS	C	0.01%
PSMT	B	0.01%
FRSH	F	0.01%
FULT	D	0.01%
ZD	D	0.01%
JAMF	D	0.01%
GERN	D	0.01%
ERII	D	0.01%
OSIS	D	0.01%
TXG	D	0.01%
TNDM	C	0.01%
ERIC	B	0.01%
AMPH	C	0.01%
NWE	B	0.01%
IOSP	D	0.01%
PLUS	A	0.01%
PLMR	C	0.01%
NARI	F	0.01%
UFPT	B	0.01%
DRVN	C	0.01%
PRFT	B	0.01%
PTCT	C	0.01%
OMCL	C	0.01%
IOVA	C	0.01%
XNCR	C	0.01%
DYN	D	0.01%
MRCY	D	0.01%
SNEX	B	0.01%
FLNC	C	0.01%
UPST	C	0.01%
BHF	F	0.01%
IBTX	B	0.01%
ACAD	F	0.01%
BRZE	F	0.01%
SYNA	F	0.01%
AGIO	C	0.01%
HTLF	B	0.01%
CPRX	A	0.01%
LILAK	D	0.01%
EBC	B	0.01%
ASTE	D	0.01%
AGYS	D	0.01%
SWTX	F	0.01%
ASTH	B	0.01%
BZ	F	0.01%
FHB	D	0.01%
TOWN	B	0.01%
GSHD	C	0.01%
IDYA	F	0.01%
HUBG	C	0.01%
MRUS	D	0.01%
HWKN	C	0.01%
ALHC	C	0.01%
AVT	C	0.01%
QFIN	B	0.01%
SFNC	B	0.01%
IRDM	D	0.01%
URBN	F	0.01%
SHOO	B	0.01%
FORM	F	0.01%
OZK	D	0.01%
CATY	C	0.01%
ROAD	B	0.01%
ARWR	F	0.01%
ARLP	D	0.01%
OTTR	F	0.01%
PENN	D	0.01%
FIBK	B	0.01%
PATK	B	0.01%
VCYT	B	0.01%
TBBK	B	0.01%
POWI	F	0.01%
TRMD	C	0.01%
FTDR	B	0.01%
FA	B	0.01%
ACVA	B	0.01%
CALM	A	0.01%
LFST	C	0.01%
SMPL	D	0.01%
NCNO	D	0.01%
MGEE	B	0.01%
RNA	C	0.01%
LI	D	0.01%
ALKT	D	0.01%
DORM	B	0.01%
RYTM	B	0.01%
CLDX	C	0.01%
PTGX	C	0.01%
XENE	F	0.01%
WSFS	D	0.01%
VIRT	C	0.01%
NWS	D	0.01%
JJSF	C	0.01%
WDFC	C	0.01%
STNE	F	0.01%
VICR	D	0.01%
WAFD	C	0.01%
GH	D	0.01%
ICFI	B	0.01%
NEOG	D	0.01%
RUSHA	C	0.01%

ONEQ Underweight 27 Positions Relative to DEMZ

Symbol	Grade	Weight
L	C	-4.88%
IBM	B	-3.67%
APH	D	-3.59%
CL	D	-2.74%
DHR	B	-2.61%
DIS	D	-2.61%
SYK	C	-2.09%
XYL	C	-2.05%
EG	C	-1.98%
AVY	C	-1.87%
KIM	C	-1.85%
BWA	D	-1.85%
AMT	C	-1.76%
KMB	D	-1.75%
OMC	B	-1.61%
A	C	-1.53%
MCO	B	-1.42%
CRM	D	-1.35%
NOW	B	-1.22%
RL	C	-1.15%
IT	B	-1.14%
MSCI	C	-1.13%
VLTO	C	-1.06%
KMX	D	-1.06%
ANET	B	-1.05%
HRL	C	-1.01%
TPR	C	-0.97%