ONEQ vs. DFEM ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.51

Average Daily Volume

586,767

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	DFEM
30 Days	-1.62%	-1.63%
60 Days	-0.59%	0.24%
90 Days	-0.51%	-0.17%
12 Months	29.49%	14.22%

14 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in DFEM	Overlap
BGNE	C	0.03%	0.01%	0.01%
BGNE	C	0.03%	0.01%	0.01%
BIDU	F	0.04%	0.01%	0.01%
BIDU	F	0.04%	0.16%	0.04%
BILI	D	0.01%	0.07%	0.01%
CAR	F	0.01%	0.05%	0.01%
GDS	C	0.01%	0.08%	0.01%
IQ	F	0.01%	0.0%	0.0%
LI	D	0.01%	0.0%	0.0%
LI	D	0.01%	0.06%	0.01%
NTES	F	0.04%	0.02%	0.02%
PDD	F	0.22%	0.39%	0.22%
TCOM	C	0.05%	0.01%	0.01%
TCOM	C	0.05%	0.16%	0.05%

ONEQ Overweight 814 Positions Relative to DFEM

Symbol	Grade	Weight
AAPL	D	11.9%
MSFT	C	11.17%
NVDA	D	10.22%
AMZN	C	6.77%
META	A	4.01%
GOOGL	D	3.23%
GOOG	D	3.1%
AVGO	C	2.71%
TSLA	C	2.56%
COST	C	1.41%
NFLX	B	1.04%
AMD	F	0.86%
PEP	C	0.85%
ADBE	D	0.84%
TMUS	C	0.83%
LIN	B	0.78%
CSCO	B	0.7%
QCOM	D	0.65%
INTU	D	0.64%
TXN	C	0.63%
AMGN	B	0.62%
ISRG	C	0.6%
CMCSA	D	0.54%
AMAT	D	0.54%
HON	D	0.46%
BKNG	B	0.46%
REGN	C	0.43%
VRTX	D	0.43%
SBUX	C	0.39%
ADI	D	0.39%
PANW	D	0.39%
ADP	B	0.39%
MELI	B	0.38%
GILD	B	0.36%
MDLZ	B	0.35%
LRCX	F	0.35%
KLAC	D	0.35%
MU	F	0.35%
INTC	F	0.29%
CTAS	C	0.29%
CME	C	0.28%
EQIX	B	0.28%
ASML	D	0.26%
SNPS	D	0.26%
CDNS	D	0.25%
PYPL	B	0.25%
CSX	D	0.23%
MAR	C	0.23%
ORLY	B	0.23%
CEG	C	0.22%
MRVL	C	0.22%
CRWD	F	0.21%
FTNT	C	0.2%
ROP	C	0.2%
NXPI	D	0.2%
AEP	B	0.19%
ADSK	B	0.19%
ROST	C	0.18%
ABNB	D	0.18%
WDAY	D	0.18%
MNST	C	0.18%
CPRT	D	0.17%
PAYX	C	0.17%
PCAR	D	0.17%
CHTR	D	0.17%
DASH	C	0.17%
KDP	A	0.17%
AZN	D	0.16%
TTD	B	0.16%
ODFL	C	0.15%
NDAQ	B	0.15%
ACGL	B	0.15%
KHC	C	0.15%
MPWR	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%
VRSK	D	0.13%
EA	D	0.13%
CTSH	C	0.13%
DDOG	D	0.12%
COIN	F	0.12%
BKR	D	0.12%
ALNY	B	0.12%
APP	B	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%
CDW	D	0.1%
BIIB	F	0.1%
WTW	B	0.1%
ON	D	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ZS	F	0.09%
SBAC	C	0.09%
TTWO	D	0.09%
ERIE	A	0.09%
TEAM	F	0.09%
MRNA	F	0.09%
SMCI	F	0.09%
ANSS	F	0.09%
WDC	D	0.08%
STX	D	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	C	0.07%
WBD	D	0.07%
ILMN	C	0.07%
NTRA	B	0.06%
LPLA	D	0.06%
UAL	B	0.06%
EXPE	C	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	D	0.06%
SNY	C	0.06%
PODD	B	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%
HOOD	C	0.06%
NTRS	B	0.06%
HOLX	B	0.06%
DKNG	D	0.06%
PFG	B	0.06%
ARGX	C	0.06%
ALGN	D	0.06%
JD	D	0.05%
POOL	C	0.05%
REG	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%
CASY	D	0.05%
MORN	C	0.05%
PCVX	B	0.05%
LNT	A	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	A	0.05%
AKAM	D	0.05%
CG	C	0.05%
MANH	B	0.05%
CPB	B	0.05%
SWKS	F	0.05%
ENPH	C	0.05%
HAS	B	0.04%
LAMR	A	0.04%
PPC	D	0.04%
MEDP	D	0.04%
Z	B	0.04%
RGLD	B	0.04%
EWBC	C	0.04%
DOCU	C	0.04%
MKTX	C	0.04%
CHRW	B	0.04%
FFIV	A	0.04%
COKE	C	0.04%
SFM	B	0.04%
TTEK	C	0.04%
HST	D	0.04%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	0.04%
JKHY	B	0.04%
PAA	D	0.04%
AFRM	C	0.04%
INSM	D	0.04%
INCY	C	0.04%
RPRX	C	0.04%
TECH	C	0.04%
FLEX	C	0.04%
SRPT	F	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
OKTA	F	0.04%
GLPI	B	0.04%
EVRG	A	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	C	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	B	0.03%
WYNN	D	0.03%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
HSIC	C	0.03%
SPSC	D	0.03%
FOXA	B	0.03%
MTSI	D	0.03%
CELH	F	0.03%
AAON	B	0.03%
CROX	C	0.03%
LBRDK	D	0.03%
XP	D	0.03%
ITCI	D	0.03%
NICE	F	0.03%
EXEL	B	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	B	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%
CHK	D	0.03%
LKQ	D	0.03%
TXRH	D	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	B	0.02%
LOPE	D	0.02%
VCTR	B	0.02%
NWL	D	0.02%
GLNG	D	0.02%
SLAB	D	0.02%
LITE	B	0.02%
INTA	B	0.02%
KTOS	B	0.02%
PLXS	B	0.02%
FOLD	D	0.02%
IPAR	D	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	C	0.02%
EXPI	C	0.02%
VOD	B	0.02%
SANM	D	0.02%
WMG	D	0.02%
PCH	C	0.02%
AUR	C	0.02%
TFSL	C	0.02%
APPF	D	0.02%
CHCI	C	0.02%
FIZZ	D	0.02%
SATS	B	0.02%
BECN	D	0.02%
BGC	B	0.02%
MARA	F	0.02%
XRAY	D	0.02%
RKLB	B	0.02%
OPCH	C	0.02%
QLYS	F	0.02%
COLM	B	0.02%
VLY	C	0.02%
IMVT	D	0.02%
CRNX	C	0.02%
QXO	F	0.02%
TGTX	B	0.02%
LANC	D	0.02%
CLBT	B	0.02%
ITRI	C	0.02%
RUN	C	0.02%
BLKB	B	0.02%
APLS	F	0.02%
SGRY	C	0.02%
CFLT	F	0.02%
HTHT	F	0.02%
ONB	C	0.02%
CACC	D	0.02%
ALTR	C	0.02%
ACLX	B	0.02%
CORT	B	0.02%
PRCT	B	0.02%
HWC	D	0.02%
HCP	A	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	C	0.02%
SBRA	B	0.02%
EEFT	D	0.02%
CNXC	D	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	D	0.02%
TIGO	B	0.02%
EXLS	C	0.02%
MDGL	F	0.02%
PI	B	0.02%
UBSI	B	0.02%
FIVE	D	0.02%
ESGR	D	0.02%
TENB	D	0.02%
COOP	B	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	C	0.02%
VRNS	C	0.02%
COLB	B	0.02%
FUTU	D	0.02%
AVAV	D	0.02%
PNFP	B	0.02%
SIGI	C	0.02%
BPMC	D	0.02%
SHC	B	0.02%
NUVL	C	0.02%
MASI	D	0.02%
CWST	D	0.02%
TPG	B	0.02%
EXPO	B	0.02%
RARE	B	0.02%
AGNC	A	0.02%
CYTK	F	0.02%
NXST	D	0.02%
AAL	D	0.02%
CSWI	B	0.02%
CGNX	D	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	D	0.02%
DNLI	B	0.02%
ACT	A	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	C	0.02%
NOVT	D	0.02%
MIDD	C	0.02%
CRUS	D	0.02%
WFRD	F	0.02%
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%
PLAY	F	0.01%
BASE	F	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%
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	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%
SABR	D	0.01%
MLCO	F	0.01%
AVAH	C	0.01%
COLL	B	0.01%
WB	F	0.01%
WULF	D	0.01%
CDNA	C	0.01%
BLMN	F	0.01%
NSSC	F	0.01%
COHU	F	0.01%
PDFS	D	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%
WABC	D	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%
ANIP	D	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%
CLSK	F	0.01%
QNST	B	0.01%
IMTX	C	0.01%
ARDX	D	0.01%
WINA	C	0.01%
CAKE	C	0.01%
PLAB	F	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%
MYRG	F	0.01%
GABC	C	0.01%
INBK	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%
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	D	0.01%
HLIT	C	0.01%
IDCC	B	0.01%
AHCO	B	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	F	0.01%
APPN	D	0.01%
IAS	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%
VC	F	0.01%
COGT	C	0.01%
PAGP	D	0.01%
SYBT	B	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%
SKWD	C	0.01%
NTCT	D	0.01%
FWRD	C	0.01%
PGNY	F	0.01%
HTZ	D	0.01%
XRX	F	0.01%
NEO	C	0.01%
NFE	F	0.01%
HOPE	B	0.01%
EWTX	D	0.01%
OSW	C	0.01%
PTVE	D	0.01%
EXTR	C	0.01%
WSBC	D	0.01%
FRME	C	0.01%
CASH	B	0.01%
GTX	D	0.01%
HPK	D	0.01%
INFN	B	0.01%
DOOO	F	0.01%
OLPX	C	0.01%
LAUR	B	0.01%
BVS	B	0.01%
NVCR	D	0.01%
CHCO	B	0.01%
EVCM	D	0.01%
PRVA	D	0.01%
JANX	C	0.01%
RRR	D	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%
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	D	0.01%
STBA	B	0.01%
MNKD	B	0.01%
YY	C	0.01%
VIAV	D	0.01%
HURN	C	0.01%
KLIC	D	0.01%
RXST	C	0.01%
MLKN	D	0.01%
TRUP	C	0.01%
CMPR	F	0.01%
HRMY	B	0.01%
MGPI	C	0.01%
FFBC	C	0.01%
POWL	C	0.01%
CLBK	C	0.01%
ARCB	D	0.01%
LMAT	B	0.01%
JBLU	D	0.01%
LGIH	C	0.01%
XPEL	D	0.01%
NMRK	B	0.01%
MBIN	C	0.01%
TWST	D	0.01%
PLUG	F	0.01%
FBNC	B	0.01%
ATRC	C	0.01%
ADUS	B	0.01%
MYGN	B	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	B	0.01%
RBCAA	B	0.01%
BEAM	F	0.01%
MGRC	F	0.01%
SVC	F	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	C	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	C	0.01%
ZD	D	0.01%
JAMF	D	0.01%
GERN	D	0.01%
ERII	D	0.01%
OSIS	C	0.01%
TXG	D	0.01%
TNDM	C	0.01%
ERIC	B	0.01%
AMPH	C	0.01%
NWE	A	0.01%
IOSP	D	0.01%
PLUS	B	0.01%
PLMR	B	0.01%
NARI	F	0.01%
UFPT	C	0.01%
DRVN	C	0.01%
PRFT	A	0.01%
PTCT	C	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%
FLNC	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%
AGIO	D	0.01%
HTLF	B	0.01%
CPRX	B	0.01%
LILAK	D	0.01%
EBC	B	0.01%
ASTE	F	0.01%
AGYS	D	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%
MRUS	D	0.01%
HWKN	B	0.01%
ALHC	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%
FORM	F	0.01%
OZK	D	0.01%
CATY	B	0.01%
ROAD	B	0.01%
ARWR	F	0.01%
ARLP	C	0.01%
OTTR	D	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	B	0.01%
LFST	C	0.01%
SMPL	D	0.01%
NCNO	D	0.01%
MGEE	B	0.01%
RNA	C	0.01%
ALKT	D	0.01%
DORM	B	0.01%
RYTM	B	0.01%
CLDX	C	0.01%
PTGX	C	0.01%
XENE	D	0.01%
WSFS	C	0.01%
VIRT	B	0.01%
NWS	D	0.01%
JJSF	C	0.01%
WDFC	B	0.01%
STNE	F	0.01%
VICR	F	0.01%
WAFD	B	0.01%
GH	D	0.01%
ICFI	C	0.01%
NEOG	C	0.01%
RUSHA	C	0.01%

ONEQ Underweight 87 Positions Relative to DFEM

Symbol	Grade	Weight
BABA	C	-1.03%
IBN	A	-0.61%
KB	D	-0.39%
INFY	C	-0.31%
HDB	C	-0.26%
VALE	D	-0.26%
SHG	C	-0.22%
HDB	C	-0.18%
UMC	C	-0.17%
IBN	A	-0.16%
GFI	D	-0.14%
YUMC	D	-0.14%
ERJ	C	-0.13%
RDY	D	-0.13%
ERJ	C	-0.13%
VIPS	F	-0.12%
CX	F	-0.1%
XPEV	D	-0.09%
GGB	C	-0.07%
PAC	B	-0.07%
HMY	C	-0.07%
BRFS	C	-0.06%
WIT	C	-0.06%
SBSW	F	-0.06%
ASR	D	-0.05%
SHG	C	-0.05%
LPL	F	-0.05%
CHT	A	-0.04%
UMC	C	-0.04%
BAP	A	-0.04%
SGRP	C	-0.03%
ASAI	F	-0.03%
OMAB	D	-0.03%
PKX	D	-0.03%
ASAI	F	-0.03%
KOF	D	-0.03%
FMX	F	-0.03%
PBR	D	-0.03%
ABEV	C	-0.03%
BCH	C	-0.03%
GRIN	A	-0.02%
IMOS	D	-0.02%
KEP	C	-0.02%
BABA	C	-0.02%
SKM	A	-0.02%
CHT	A	-0.02%
SKM	A	-0.02%
CIB	F	-0.02%
VIST	D	-0.02%
JKS	D	-0.02%
TME	F	-0.02%
EBR	C	-0.01%
ITUB	B	-0.01%
SLDB	F	-0.01%
SHPH	F	-0.01%
PHI	C	-0.01%
AKO.A	C	-0.01%
BSAC	C	-0.01%
WIT	C	-0.01%
CSAN	F	-0.01%
GGB	C	-0.01%
VIV	C	-0.01%
KEP	C	-0.01%
KB	D	-0.01%
SBS	B	-0.01%
BBD	C	-0.01%
ASX	D	-0.0%
BAOS	D	-0.0%
ENIC	D	-0.0%
LGHT	B	-0.0%
ELP	C	-0.0%
LPL	F	-0.0%
CSAN	F	-0.0%
BCH	C	-0.0%
PDSB	F	-0.0%
UGP	D	-0.0%
CCU	F	-0.0%
MGNX	F	-0.0%
NIO	D	-0.0%
SUZ	F	-0.0%
ZLAB	C	-0.0%
CIG	B	-0.0%
SQM	F	-0.0%
BZUN	C	-0.0%
VNET	C	-0.0%
WF	C	-0.0%
ZTO	C	-0.0%