ONEQ vs. FNCL ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Fidelity MSCI Financials Index ETF (FNCL)

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

$74.89

Average Daily Volume

234,857

Number of Holdings ^*

840

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.95

Average Daily Volume

108,821

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	FNCL
30 Days	2.76%	5.19%
60 Days	5.82%	10.77%
90 Days	6.40%	15.45%
12 Months	33.84%	46.39%

123 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in FNCL	Overlap
ACGL	D	0.12%	0.46%	0.12%
ACT	D	0.02%	0.02%	0.02%
AFRM	A	0.04%	0.16%	0.04%
AGNC	C	0.02%	0.08%	0.02%
AMSF	B	0.01%	0.01%	0.01%
BANF	B	0.02%	0.03%	0.02%
BANR	B	0.01%	0.03%	0.01%
BGC	C	0.02%	0.05%	0.02%
BHF	C	0.01%	0.04%	0.01%
BOKF	B	0.02%	0.04%	0.02%
BPOP	C	0.02%	0.09%	0.02%
BUSE	B	0.01%	0.02%	0.01%
CACC	F	0.02%	0.04%	0.02%
CASH	B	0.01%	0.02%	0.01%
CATY	B	0.02%	0.04%	0.02%
CBSH	A	0.03%	0.11%	0.03%
CG	B	0.06%	0.15%	0.06%
CHCO	B	0.01%	0.02%	0.01%
CINF	A	0.07%	0.29%	0.07%
CLBK	C	0.01%	0.01%	0.01%
CME	A	0.26%	0.99%	0.26%
COIN	A	0.17%	0.66%	0.17%
COLB	B	0.02%	0.08%	0.02%
COOP	B	0.02%	0.08%	0.02%
CVBF	B	0.01%	0.04%	0.01%
DCOM	A	0.01%	0.01%	0.01%
EBC	B	0.01%	0.04%	0.01%
ECPG	C	0.01%	0.01%	0.01%
EEFT	C	0.02%	0.06%	0.02%
EFSC	B	0.01%	0.03%	0.01%
ERIE	F	0.07%	0.13%	0.07%
ESGR	B	0.01%	0.05%	0.01%
EWBC	A	0.04%	0.18%	0.04%
FBNC	B	0.01%	0.02%	0.01%
FCNCA	A	0.09%	0.27%	0.09%
FFBC	B	0.01%	0.03%	0.01%
FFIN	B	0.02%	0.06%	0.02%
FHB	B	0.01%	0.05%	0.01%
FIBK	B	0.01%	0.04%	0.01%
FITB	B	0.09%	0.4%	0.09%
FLYW	B	0.01%	0.03%	0.01%
FRHC	A	0.03%	0.03%	0.03%
FRME	B	0.01%	0.03%	0.01%
FULT	B	0.01%	0.04%	0.01%
GABC	B	0.01%	0.02%	0.01%
GSHD	B	0.01%	0.04%	0.01%
HAFC	B	0.01%	0.01%	0.01%
HBAN	B	0.08%	0.32%	0.08%
HBNC	B	0.01%	0.01%	0.01%
HLNE	A	0.03%	0.09%	0.03%
HOOD	A	0.07%	0.21%	0.07%
HOPE	B	0.01%	0.02%	0.01%
HTLF	B	0.01%	0.04%	0.01%
HWC	B	0.02%	0.06%	0.02%
IBKR	A	0.06%	0.22%	0.06%
IBOC	B	0.02%	0.05%	0.02%
IBTX	B	0.01%	0.03%	0.01%
INDB	B	0.01%	0.04%	0.01%
JKHY	D	0.04%	0.16%	0.04%
LKFN	B	0.01%	0.02%	0.01%
LPLA	A	0.08%	0.29%	0.08%
MBIN	F	0.01%	0.01%	0.01%
MKTX	D	0.04%	0.12%	0.04%
MORN	B	0.05%	0.12%	0.05%
MQ	F	0.01%	0.02%	0.01%
NAVI	F	0.01%	0.02%	0.01%
NBTB	B	0.01%	0.03%	0.01%
NDAQ	A	0.14%	0.42%	0.14%
NMIH	D	0.01%	0.04%	0.01%
NTRS	A	0.07%	0.27%	0.07%
NWBI	B	0.01%	0.02%	0.01%
OCFC	B	0.01%	0.02%	0.01%
ONB	B	0.02%	0.09%	0.02%
OZK	B	0.01%	0.06%	0.01%
PAYO	A	0.02%	0.03%	0.02%
PEBO	B	0.01%	0.02%	0.01%
PFBC	B	0.01%	0.01%	0.01%
PFC	B	0.01%	0.01%	0.01%
PFG	C	0.06%	0.25%	0.06%
PLMR	A	0.01%	0.03%	0.01%
PNFP	B	0.03%	0.12%	0.03%
PPBI	B	0.01%	0.03%	0.01%
PYPL	B	0.26%	1.05%	0.26%
RBCAA	B	0.01%	0.01%	0.01%
SAFT	B	0.01%	0.01%	0.01%
SASR	B	0.01%	0.02%	0.01%
SBCF	B	0.01%	0.03%	0.01%
SEIC	B	0.04%	0.11%	0.04%
SFNC	B	0.01%	0.04%	0.01%
SIGI	B	0.02%	0.07%	0.02%
SKWD	A	0.01%	0.02%	0.01%
SLM	B	0.02%	0.06%	0.02%
SNEX	B	0.01%	0.03%	0.01%
SOFI	A	0.04%	0.17%	0.04%
STBA	B	0.01%	0.02%	0.01%
STEP	B	0.02%	0.05%	0.02%
SYBT	B	0.01%	0.03%	0.01%
TBBK	B	0.01%	0.03%	0.01%
TCBI	B	0.02%	0.05%	0.02%
TCBK	B	0.01%	0.02%	0.01%
TFIN	B	0.01%	0.03%	0.01%
TFSL	A	0.02%	0.01%	0.01%
TOWN	B	0.01%	0.03%	0.01%
TPG	A	0.02%	0.06%	0.02%
TRMK	B	0.01%	0.03%	0.01%
TROW	B	0.08%	0.33%	0.08%
TRUP	B	0.01%	0.02%	0.01%
TW	A	0.05%	0.18%	0.05%
UBSI	B	0.02%	0.07%	0.02%
UMBF	B	0.02%	0.07%	0.02%
UPST	B	0.02%	0.06%	0.02%
VBTX	B	0.01%	0.02%	0.01%
VCTR	B	0.02%	0.04%	0.02%
VIRT	A	0.01%	0.04%	0.01%
VLY	B	0.02%	0.06%	0.02%
WABC	B	0.01%	0.02%	0.01%
WAFD	B	0.01%	0.04%	0.01%
WASH	B	0.01%	0.01%	0.01%
WSBC	B	0.01%	0.03%	0.01%
WSFS	B	0.01%	0.04%	0.01%
WTFC	B	0.03%	0.11%	0.03%
WTW	B	0.1%	0.4%	0.1%
ZION	B	0.02%	0.11%	0.02%

ONEQ Overweight 717 Positions Relative to FNCL

Symbol	Grade	Weight
NVDA	A	11.7%
AAPL	C	11.09%
MSFT	D	10.16%
AMZN	B	7.09%
META	C	4.14%
GOOGL	B	3.4%
GOOG	B	3.27%
TSLA	A	3.05%
AVGO	C	2.73%
COST	A	1.29%
NFLX	A	1.09%
TMUS	B	0.85%
AMD	F	0.78%
CSCO	B	0.75%
PEP	F	0.71%
ADBE	D	0.71%
LIN	D	0.7%
QCOM	F	0.62%
TXN	C	0.62%
INTU	B	0.6%
ISRG	A	0.59%
AMGN	D	0.55%
CMCSA	B	0.54%
BKNG	A	0.52%
AMAT	F	0.51%
HON	B	0.45%
VRTX	D	0.41%
ADP	B	0.4%
PANW	B	0.4%
MU	D	0.4%
GILD	C	0.38%
INTC	C	0.36%
ADI	D	0.36%
SBUX	A	0.35%
LRCX	F	0.33%
MELI	D	0.29%
KLAC	F	0.29%
MDLZ	F	0.28%
SNPS	C	0.28%
REGN	F	0.28%
CTAS	B	0.27%
PDD	D	0.27%
EQIX	A	0.27%
MRVL	B	0.26%
CDNS	B	0.26%
MAR	B	0.24%
CRWD	B	0.24%
CEG	C	0.24%
ORLY	B	0.23%
APP	A	0.23%
ABNB	D	0.21%
FTNT	B	0.21%
ADSK	B	0.21%
CSX	C	0.21%
DASH	A	0.21%
ASML	F	0.2%
PCAR	C	0.19%
TTD	B	0.19%
NXPI	F	0.19%
ROP	C	0.19%
WDAY	C	0.18%
MNST	C	0.18%
CHTR	B	0.18%
PAYX	B	0.17%
CPRT	B	0.17%
FANG	D	0.17%
AEP	C	0.16%
FAST	B	0.16%
ROST	D	0.15%
MSTR	A	0.15%
ODFL	B	0.15%
BKR	B	0.14%
KDP	D	0.14%
VRSK	B	0.13%
KHC	F	0.13%
MCHP	F	0.13%
DDOG	A	0.13%
GEHC	D	0.13%
CTSH	C	0.13%
EA	A	0.13%
LULU	C	0.12%
AZN	F	0.12%
EXC	C	0.12%
MPWR	F	0.12%
TEAM	A	0.12%
XEL	A	0.12%
AXON	A	0.11%
CCEP	D	0.11%
IDXX	F	0.11%
ALNY	D	0.11%
ANSS	B	0.1%
EBAY	D	0.1%
TSCO	D	0.1%
TTWO	A	0.1%
CSGP	F	0.1%
ON	F	0.1%
TCOM	B	0.09%
UAL	A	0.09%
DXCM	C	0.09%
ZS	B	0.09%
SBAC	D	0.08%
WBD	B	0.08%
NTAP	C	0.08%
GFS	C	0.08%
BIIB	F	0.08%
ILMN	C	0.08%
CDW	F	0.08%
JD	D	0.07%
ZBRA	B	0.07%
ZM	B	0.07%
EXPE	B	0.07%
FSLR	F	0.07%
PTC	B	0.07%
MDB	C	0.07%
STX	D	0.07%
STLD	B	0.07%
WDC	F	0.07%
SSNC	C	0.06%
NTNX	B	0.06%
TRMB	B	0.06%
GEN	B	0.06%
ICLR	F	0.06%
UTHR	C	0.06%
VRSN	F	0.06%
PODD	B	0.06%
ULTA	F	0.06%
MANH	D	0.06%
JBHT	C	0.06%
DKNG	B	0.06%
ARM	F	0.06%
ARGX	B	0.06%
CHKP	D	0.06%
MRNA	F	0.06%
TER	F	0.06%
NDSN	D	0.05%
SFM	A	0.05%
SAIA	C	0.05%
DOCU	B	0.05%
SMCI	F	0.05%
SMMT	D	0.05%
CASY	A	0.05%
BSY	D	0.05%
MNDY	D	0.05%
VTRS	A	0.05%
AKAM	F	0.05%
SNY	F	0.05%
INCY	C	0.05%
NTRA	A	0.05%
ENTG	F	0.05%
FLEX	B	0.05%
GRAB	A	0.05%
ALGN	D	0.05%
HOLX	D	0.05%
RGLD	C	0.04%
MTSI	B	0.04%
EXEL	B	0.04%
BNTX	C	0.04%
PCVX	D	0.04%
NWSA	B	0.04%
LECO	C	0.04%
HST	D	0.04%
FUTU	C	0.04%
DUOL	A	0.04%
RPRX	F	0.04%
CHRW	B	0.04%
PAA	B	0.04%
TXRH	B	0.04%
SRPT	F	0.04%
GLPI	C	0.04%
PCTY	B	0.04%
TECH	F	0.04%
NBIX	C	0.04%
CYBR	A	0.04%
FFIV	B	0.04%
Z	A	0.04%
LOGI	F	0.04%
BMRN	F	0.04%
LBRDK	C	0.04%
EVRG	A	0.04%
OKTA	D	0.04%
TTEK	F	0.04%
REG	A	0.04%
DLTR	F	0.04%
PPC	B	0.04%
CPB	D	0.04%
BIDU	F	0.04%
LNT	A	0.04%
SWKS	F	0.04%
POOL	D	0.04%
VKTX	F	0.03%
CVLT	B	0.03%
HSIC	C	0.03%
GLBE	A	0.03%
RGEN	F	0.03%
CSWI	A	0.03%
APA	F	0.03%
OLED	F	0.03%
CHRD	F	0.03%
MKSI	C	0.03%
LSCC	D	0.03%
AAL	B	0.03%
MDGL	C	0.03%
CZR	F	0.03%
PEGA	B	0.03%
FOX	A	0.03%
GTLB	B	0.03%
CRDO	B	0.03%
RKLB	B	0.03%
OTEX	F	0.03%
HQY	A	0.03%
MTCH	F	0.03%
SIRI	D	0.03%
WYNN	D	0.03%
LNW	F	0.03%
BRKR	F	0.03%
ROIV	D	0.03%
MASI	B	0.03%
ROKU	D	0.03%
FYBR	C	0.03%
NICE	D	0.03%
LKQ	F	0.03%
SAIC	F	0.03%
PARA	D	0.03%
HAS	D	0.03%
WING	D	0.03%
CHDN	C	0.03%
ITCI	B	0.03%
FOXA	B	0.03%
WIX	A	0.03%
DOX	D	0.03%
EXAS	D	0.03%
ENPH	F	0.03%
COKE	C	0.03%
BGNE	D	0.03%
AAON	B	0.03%
RVMD	B	0.03%
WWD	B	0.03%
MEDP	D	0.03%
INSM	C	0.03%
LAMR	D	0.03%
NTES	C	0.03%
RIVN	F	0.03%
CVCO	A	0.02%
XENE	D	0.02%
IAC	D	0.02%
KTOS	C	0.02%
BZ	F	0.02%
VERX	A	0.02%
ASO	F	0.02%
IPAR	C	0.02%
RYTM	C	0.02%
SKYW	B	0.02%
FTDR	B	0.02%
NWS	A	0.02%
APPF	C	0.02%
DORM	B	0.02%
CLBT	B	0.02%
RARE	F	0.02%
CRSP	D	0.02%
SGRY	F	0.02%
IMVT	F	0.02%
BLKB	B	0.02%
NSIT	F	0.02%
WBA	F	0.02%
LOPE	B	0.02%
DNLI	C	0.02%
CCOI	B	0.02%
AXSM	B	0.02%
FRSH	C	0.02%
COLM	B	0.02%
QFIN	B	0.02%
AUR	C	0.02%
NWL	B	0.02%
ALKT	B	0.02%
AEIS	B	0.02%
CALM	A	0.02%
RUSHA	B	0.02%
KRYS	C	0.02%
FIZZ	C	0.02%
DJT	C	0.02%
WMG	C	0.02%
PECO	A	0.02%
CHCI	C	0.02%
GLNG	D	0.02%
FIVE	F	0.02%
POWL	C	0.02%
USLM	A	0.02%
TIGO	D	0.02%
ICUI	D	0.02%
BBIO	F	0.02%
SBRA	B	0.02%
ALKS	C	0.02%
CRNX	C	0.02%
LANC	D	0.02%
ALGM	F	0.02%
IEP	F	0.02%
CRUS	F	0.02%
PI	D	0.02%
LI	F	0.02%
VICR	C	0.02%
ROAD	A	0.02%
LSTR	D	0.02%
ACLX	C	0.02%
SHC	F	0.02%
RDNT	B	0.02%
INTA	B	0.02%
SANM	B	0.02%
MARA	C	0.02%
PLXS	B	0.02%
NCNO	B	0.02%
LNTH	F	0.02%
LITE	B	0.02%
FELE	B	0.02%
BECN	B	0.02%
CROX	F	0.02%
CHX	C	0.02%
BPMC	C	0.02%
NUVL	D	0.02%
QLYS	C	0.02%
ITRI	B	0.02%
ALTR	B	0.02%
TENB	D	0.02%
VRNS	D	0.02%
PRCT	B	0.02%
GNTX	F	0.02%
DBX	C	0.02%
EXPO	D	0.02%
CWST	A	0.02%
IONS	F	0.02%
REYN	D	0.02%
MMSI	A	0.02%
STRL	A	0.02%
RMBS	C	0.02%
CYTK	D	0.02%
LCID	F	0.02%
QXO	C	0.02%
ETSY	D	0.02%
BCPC	B	0.02%
HTHT	C	0.02%
RCM	A	0.02%
AMKR	F	0.02%
WFRD	F	0.02%
SITM	B	0.02%
CFLT	B	0.02%
LFUS	D	0.02%
EXLS	B	0.02%
OLLI	D	0.02%
CORT	C	0.02%
LYFT	C	0.02%
IESC	A	0.02%
CELH	F	0.02%
JAZZ	C	0.02%
ACIW	B	0.02%
ENSG	D	0.02%
AVAV	C	0.02%
CGNX	D	0.02%
CRVL	A	0.02%
NXST	C	0.02%
ASND	F	0.02%
UFPI	C	0.02%
MAT	D	0.02%
FRPT	A	0.02%
QRVO	F	0.02%
XP	F	0.02%
NOVT	D	0.02%
HALO	F	0.02%
WSC	F	0.02%
MIDD	D	0.02%
MMYT	B	0.02%
SPSC	F	0.02%
NVAX	F	0.01%
NNDM	F	0.01%
AMWD	C	0.01%
CNTA	B	0.01%
SVC	F	0.01%
GMAB	F	0.01%
SVRA	F	0.01%
CDNA	D	0.01%
OABI	D	0.01%
KRUS	D	0.01%
CNSL	B	0.01%
EBTC	B	0.01%
IMTX	F	0.01%
GSM	C	0.01%
RLAY	F	0.01%
BVS	C	0.01%
BCBP	B	0.01%
ODP	F	0.01%
IMKTA	C	0.01%
PSNY	F	0.01%
LQDA	F	0.01%
OPK	B	0.01%
GIII	D	0.01%
JACK	D	0.01%
EMBC	D	0.01%
BMBL	C	0.01%
NRIX	C	0.01%
MGPI	F	0.01%
MOMO	D	0.01%
MATW	C	0.01%
WOOF	D	0.01%
PHAT	F	0.01%
COLL	F	0.01%
FLGT	F	0.01%
SDGR	C	0.01%
BCYC	F	0.01%
AOSL	C	0.01%
TRS	B	0.01%
EYE	C	0.01%
BLBD	F	0.01%
IQ	F	0.01%
TRNS	F	0.01%
TTGT	B	0.01%
MRVI	F	0.01%
PGNY	F	0.01%
TH	C	0.01%
PYCR	C	0.01%
OLPX	D	0.01%
VRNT	D	0.01%
ESTA	F	0.01%
ISTR	B	0.01%
RDFN	D	0.01%
COGT	D	0.01%
FFIC	B	0.01%
MNTK	F	0.01%
TRDA	C	0.01%
NSSC	F	0.01%
CBRL	C	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
BLMN	F	0.01%
THRM	F	0.01%
DLO	C	0.01%
BASE	C	0.01%
IRON	C	0.01%
HTZ	C	0.01%
HTLD	B	0.01%
AVAH	B	0.01%
PLAY	D	0.01%
ICHR	C	0.01%
ASTL	B	0.01%
PLYA	B	0.01%
MYGN	F	0.01%
CMCO	C	0.01%
VITL	D	0.01%
SCVL	F	0.01%
SABR	B	0.01%
AMED	F	0.01%
RNW	D	0.01%
ANIP	D	0.01%
CLOV	D	0.01%
STAA	F	0.01%
SPRY	C	0.01%
AVO	B	0.01%
LILAK	F	0.01%
IMCR	C	0.01%
KALU	C	0.01%
PDFS	D	0.01%
RCKT	F	0.01%
FTRE	D	0.01%
CNDT	D	0.01%
DOOO	F	0.01%
TLRY	F	0.01%
FWRD	D	0.01%
IBUY	B	0.01%
CEVA	B	0.01%
COHU	D	0.01%
NVEE	F	0.01%
RDWR	B	0.01%
HLIT	D	0.01%
KRNT	B	0.01%
SPT	C	0.01%
VECO	F	0.01%
KURA	F	0.01%
AHCO	D	0.01%
ARDX	F	0.01%
CLDX	F	0.01%
TVTX	C	0.01%
MRTN	C	0.01%
BCRX	D	0.01%
HROW	D	0.01%
INFN	D	0.01%
SOUN	C	0.01%
CENTA	C	0.01%
FWRG	C	0.01%
MCRI	A	0.01%
ANDE	F	0.01%
MLCO	F	0.01%
CRTO	D	0.01%
NEXT	B	0.01%
SCSC	B	0.01%
INMD	C	0.01%
VIR	F	0.01%
SIMO	D	0.01%
XRX	F	0.01%
LBRDA	C	0.01%
WB	C	0.01%
ATEX	F	0.01%
UDMY	D	0.01%
GLUE	C	0.01%
INVA	C	0.01%
UNIT	B	0.01%
UCTT	F	0.01%
HAIN	D	0.01%
PLAB	D	0.01%
TXG	F	0.01%
AXNX	A	0.01%
WINA	B	0.01%
CRAI	B	0.01%
IREN	C	0.01%
SBLK	F	0.01%
ENVX	F	0.01%
DAWN	D	0.01%
PDCO	F	0.01%
MSEX	B	0.01%
VRDN	D	0.01%
MBUU	C	0.01%
LBPH	A	0.01%
DGII	B	0.01%
QNST	C	0.01%
NEO	C	0.01%
AUPH	C	0.01%
UPBD	C	0.01%
PAGP	A	0.01%
ULH	B	0.01%
INBK	B	0.01%
DVAX	C	0.01%
CSGS	B	0.01%
TNDM	F	0.01%
ULCC	D	0.01%
AY	A	0.01%
VC	F	0.01%
APOG	B	0.01%
VSEC	B	0.01%
CNXN	D	0.01%
ATSG	A	0.01%
NVCR	D	0.01%
GTX	F	0.01%
MLKN	F	0.01%
FA	D	0.01%
HRMY	F	0.01%
CHEF	B	0.01%
PCT	C	0.01%
ERII	D	0.01%
GDYN	C	0.01%
RXST	F	0.01%
AZTA	F	0.01%
HPK	C	0.01%
RIOT	C	0.01%
TARS	C	0.01%
MNKD	B	0.01%
MGNI	A	0.01%
PRDO	B	0.01%
YY	B	0.01%
ACLS	F	0.01%
TMDX	F	0.01%
ROIC	A	0.01%
CAKE	B	0.01%
PTVE	B	0.01%
DYN	F	0.01%
FIVN	C	0.01%
DNUT	F	0.01%
ARVN	F	0.01%
CMPR	F	0.01%
TRMD	D	0.01%
LGIH	F	0.01%
ATAT	C	0.01%
RRR	F	0.01%
IAS	D	0.01%
SNDX	F	0.01%
XPEL	C	0.01%
BEAM	C	0.01%
XNCR	B	0.01%
STRA	C	0.01%
TWST	F	0.01%
CAR	C	0.01%
VERA	C	0.01%
SUPN	B	0.01%
IDYA	F	0.01%
NTCT	C	0.01%
RUN	F	0.01%
VMEO	C	0.01%
PTGX	D	0.01%
JANX	C	0.01%
WERN	B	0.01%
EXTR	C	0.01%
ROCK	D	0.01%
JBLU	F	0.01%
NNBR	C	0.01%
ADUS	D	0.01%
ZLAB	C	0.01%
EVCM	B	0.01%
AKRO	C	0.01%
RPD	C	0.01%
LAUR	A	0.01%
SPNS	F	0.01%
NMRK	B	0.01%
XRAY	D	0.01%
CLSK	C	0.01%
GOGL	C	0.01%
AMRX	C	0.01%
APPN	C	0.01%
OSW	B	0.01%
GERN	F	0.01%
IDCC	B	0.01%
PINC	B	0.01%
GDS	C	0.01%
MIRM	C	0.01%
ARCB	C	0.01%
SWTX	C	0.01%
KYMR	C	0.01%
NPAB	F	0.01%
DIOD	F	0.01%
ALRM	C	0.01%
NWE	C	0.01%
FLNC	C	0.01%
CNXC	F	0.01%
AMPH	F	0.01%
CPRX	C	0.01%
PRVA	C	0.01%
IRTC	C	0.01%
JAMF	F	0.01%
HEES	C	0.01%
PSMT	D	0.01%
LIVN	D	0.01%
ZD	B	0.01%
LMAT	A	0.01%
MYRG	C	0.01%
VCYT	B	0.01%
VRNA	B	0.01%
CENX	B	0.01%
GGAL	A	0.01%
CIFR	C	0.01%
TTMI	B	0.01%
OPCH	F	0.01%
PLTK	B	0.01%
HURN	B	0.01%
OSIS	A	0.01%
VCEL	A	0.01%
WEN	C	0.01%
KLIC	C	0.01%
HCP	B	0.01%
LGND	C	0.01%
ARWR	D	0.01%
ASTE	C	0.01%
GT	C	0.01%
BRZE	C	0.01%
SYNA	D	0.01%
VIAV	C	0.01%
PATK	D	0.01%
CGON	F	0.01%
WULF	C	0.01%
FORM	F	0.01%
ALHC	C	0.01%
PLUS	F	0.01%
CARG	B	0.01%
BILI	C	0.01%
UFPT	C	0.01%
APLS	F	0.01%
IOSP	C	0.01%
ERIC	A	0.01%
HWKN	B	0.01%
FROG	C	0.01%
ACAD	C	0.01%
ZG	A	0.01%
MGRC	B	0.01%
SHOO	D	0.01%
KROS	D	0.01%
STNE	F	0.01%
NARI	C	0.01%
PRGS	B	0.01%
BL	C	0.01%
ACVA	A	0.01%
MRCY	C	0.01%
HUBG	A	0.01%
URBN	C	0.01%
PENN	C	0.01%
ATRC	C	0.01%
EXPI	C	0.01%
SMTC	C	0.01%
ASTH	F	0.01%
DRVN	B	0.01%
EWTX	C	0.01%
SRRK	B	0.01%
MRUS	F	0.01%
OTTR	C	0.01%
NEOG	D	0.01%
IRDM	F	0.01%
IOVA	F	0.01%
ACHC	F	0.01%
SMPL	B	0.01%
LEGN	F	0.01%
ICFI	F	0.01%
VOD	D	0.01%
AGYS	A	0.01%
OMCL	C	0.01%
AVT	C	0.01%
FOLD	F	0.01%
TGTX	B	0.01%
ADMA	C	0.01%
AGIO	C	0.01%
MGEE	A	0.01%
POWI	D	0.01%
SATS	C	0.01%
WVE	C	0.01%
PCH	D	0.01%
JJSF	C	0.01%
WDFC	B	0.01%
PTCT	C	0.01%
RNA	C	0.01%
LFST	C	0.01%
AMBA	B	0.01%
ARLP	A	0.01%
GH	B	0.01%
VRRM	F	0.01%
SLAB	F	0.01%
PTEN	C	0.01%

ONEQ Underweight 257 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.6%
BRK.A	B	-7.67%
V	A	-6.01%
MA	B	-5.35%
BAC	A	-4.0%
WFC	A	-3.14%
GS	B	-2.35%
AXP	B	-2.05%
SPGI	D	-2.02%
MS	A	-2.0%
BLK	B	-1.93%
PGR	B	-1.87%
C	B	-1.61%
BX	A	-1.6%
FI	A	-1.53%
SCHW	A	-1.5%
CB	C	-1.37%
MMC	D	-1.35%
KKR	A	-1.16%
ICE	C	-1.11%
PNC	B	-1.03%
USB	B	-0.98%
MCO	D	-0.98%
AON	B	-0.91%
COF	B	-0.87%
APO	A	-0.81%
AJG	B	-0.8%
TFC	A	-0.77%
AFL	C	-0.74%
TRV	A	-0.73%
BK	B	-0.71%
AMP	A	-0.69%
ALL	A	-0.64%
MET	A	-0.63%
AIG	C	-0.63%
FIS	C	-0.61%
MSCI	B	-0.59%
SQ	A	-0.58%
PRU	B	-0.56%
DFS	B	-0.54%
MTB	A	-0.44%
HIG	B	-0.43%
ARES	A	-0.39%
RJF	A	-0.39%
GPN	C	-0.37%
STT	B	-0.35%
BRO	B	-0.33%
SYF	B	-0.32%
CPAY	A	-0.31%
RF	A	-0.3%
MKL	A	-0.28%
CFG	B	-0.27%
CBOE	C	-0.26%
KEY	B	-0.23%
WRB	B	-0.23%
FDS	B	-0.23%
L	A	-0.2%
EG	D	-0.2%
RGA	B	-0.19%
EQH	B	-0.19%
FNF	A	-0.19%
TOST	A	-0.18%
RNR	C	-0.17%
UNM	A	-0.16%
AIZ	A	-0.15%
SF	B	-0.15%
JEF	A	-0.15%
EVR	B	-0.14%
FHN	A	-0.14%
GL	C	-0.13%
WBS	A	-0.13%
AFG	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PRI	A	-0.13%
HLI	B	-0.12%
WAL	B	-0.12%
ALLY	C	-0.12%
ORI	A	-0.12%
SNV	B	-0.11%
CMA	B	-0.11%
PB	A	-0.1%
SSB	B	-0.1%
VOYA	B	-0.1%
CFR	B	-0.1%
JXN	C	-0.09%
OMF	A	-0.09%
RLI	A	-0.09%
RYAN	B	-0.09%
AXS	A	-0.09%
WEX	F	-0.09%
JHG	B	-0.08%
FNB	B	-0.08%
BEN	C	-0.08%
GBCI	B	-0.08%
CADE	B	-0.08%
MTG	D	-0.08%
FAF	C	-0.08%
RDN	D	-0.07%
FOUR	A	-0.07%
HOMB	A	-0.07%
LNC	B	-0.07%
THG	A	-0.07%
STWD	C	-0.07%
IVZ	C	-0.07%
ESNT	D	-0.07%
AMG	C	-0.07%
PIPR	B	-0.07%
ABCB	B	-0.06%
KMPR	A	-0.06%
CNO	B	-0.06%
MC	B	-0.06%
SFBS	B	-0.06%
WTM	A	-0.06%
AGO	A	-0.06%
WD	D	-0.05%
PJT	B	-0.05%
ASB	B	-0.05%
AX	B	-0.05%
PFSI	C	-0.05%
BKU	A	-0.04%
BXMT	C	-0.04%
BOH	B	-0.04%
HASI	F	-0.04%
PRK	B	-0.04%
GNW	A	-0.04%
APAM	B	-0.04%
FHI	B	-0.04%
CBU	B	-0.04%
FBP	B	-0.04%
AUB	B	-0.04%
UCB	A	-0.04%
NATL	B	-0.03%
AGM	B	-0.03%
FBK	B	-0.03%
PRG	C	-0.03%
BANC	B	-0.03%
EVTC	B	-0.03%
DBRG	F	-0.03%
MCY	B	-0.03%
RNST	B	-0.03%
OSCR	C	-0.03%
WU	F	-0.03%
PFS	B	-0.03%
ABR	B	-0.03%
CNS	B	-0.03%
ENVA	B	-0.03%
PMT	D	-0.02%
SRCE	B	-0.02%
EIG	B	-0.02%
ARI	C	-0.02%
BHLB	B	-0.02%
RC	D	-0.02%
WT	A	-0.02%
NBHC	B	-0.02%
NNI	D	-0.02%
NIC	B	-0.02%
HTH	B	-0.02%
CODI	B	-0.02%
LOB	C	-0.02%
LADR	B	-0.02%
SPNT	A	-0.02%
QCRH	B	-0.02%
CUBI	C	-0.02%
HMN	B	-0.02%
LMND	A	-0.02%
RKT	F	-0.02%
LC	B	-0.02%
DFIN	D	-0.02%
VRTS	B	-0.02%
FCF	B	-0.02%
STC	B	-0.02%
OFG	B	-0.02%
HONE	B	-0.01%
KRNY	B	-0.01%
CCBG	B	-0.01%
GDOT	D	-0.01%
PX	A	-0.01%
TRTX	B	-0.01%
GSBC	B	-0.01%
UFCS	A	-0.01%
TREE	F	-0.01%
UWMC	D	-0.01%
NFBK	B	-0.01%
NRDS	C	-0.01%
BHB	B	-0.01%
SPFI	B	-0.01%
AMBC	C	-0.01%
TIPT	B	-0.01%
PGC	A	-0.01%
KREF	D	-0.01%
FMNB	B	-0.01%
TRST	B	-0.01%
MCB	B	-0.01%
EZPW	A	-0.01%
LPRO	C	-0.01%
FSBC	B	-0.01%
THFF	B	-0.01%
CTLP	B	-0.01%
MSBI	B	-0.01%
PAY	A	-0.01%
SMBC	B	-0.01%
UVE	A	-0.01%
IIIV	B	-0.01%
CAC	B	-0.01%
EQBK	B	-0.01%
BFH	B	-0.01%
RPAY	D	-0.01%
IMXI	B	-0.01%
CPF	B	-0.01%
BFST	B	-0.01%
CASS	B	-0.01%
MCBS	B	-0.01%
AMTB	C	-0.01%
FG	B	-0.01%
CFFN	B	-0.01%
FCBC	B	-0.01%
HTBK	B	-0.01%
CMTG	D	-0.01%
PRA	B	-0.01%
AMAL	B	-0.01%
OSBC	B	-0.01%
EGBN	B	-0.01%
FMBH	B	-0.01%
CCB	A	-0.01%
CFB	C	-0.01%
HFWA	B	-0.01%
TMP	B	-0.01%
PRAA	C	-0.01%
BFC	B	-0.01%
BHRB	B	-0.01%
BRSP	C	-0.01%
BSIG	A	-0.01%
DX	A	-0.01%
MBWM	B	-0.01%
RWT	D	-0.01%
BY	B	-0.01%
SBSI	B	-0.01%
OBK	B	-0.01%
CNOB	B	-0.01%
EFC	C	-0.01%
CTBI	B	-0.01%
CNNE	B	-0.01%
HCI	C	-0.01%
IBCP	B	-0.01%
BRKL	B	-0.01%
FBMS	B	-0.01%
UVSP	B	-0.01%
FBRT	C	-0.01%
AROW	B	-0.0%
RILY	F	-0.0%
GCBC	C	-0.0%
DGICA	A	-0.0%
DHIL	A	-0.0%
HGTY	B	-0.0%
HBT	B	-0.0%
WRLD	D	-0.0%