ONEQ vs. GSLC ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$112.30

Average Daily Volume

197,998

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	GSLC
30 Days	1.17%	2.44%
60 Days	1.73%	4.16%
90 Days	1.97%	4.95%
12 Months	34.63%	31.59%

130 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in GSLC	Overlap
AAPL	C	11.9%	6.44%	6.44%
ACGL	C	0.15%	0.18%	0.15%
ADBE	F	0.84%	0.59%	0.59%
ADI	C	0.39%	0.12%	0.12%
ADP	B	0.39%	0.05%	0.05%
ADSK	C	0.19%	0.2%	0.19%
AEP	C	0.19%	0.03%	0.03%
AKAM	D	0.05%	0.13%	0.05%
ALGN	D	0.06%	0.07%	0.06%
ALNY	C	0.12%	0.05%	0.05%
AMAT	D	0.54%	0.4%	0.4%
AMD	D	0.86%	0.31%	0.31%
AMGN	B	0.62%	0.27%	0.27%
AMZN	C	6.77%	3.2%	3.2%
ANSS	D	0.09%	0.02%	0.02%
APA	F	0.03%	0.02%	0.02%
AVGO	C	2.71%	1.19%	1.19%
AXON	B	0.1%	0.06%	0.06%
BIIB	F	0.1%	0.11%	0.1%
BKNG	C	0.46%	0.4%	0.4%
CDNS	D	0.25%	0.33%	0.25%
CDW	D	0.1%	0.12%	0.1%
CEG	C	0.22%	0.13%	0.13%
CHTR	D	0.17%	0.13%	0.13%
CINF	B	0.07%	0.11%	0.07%
CMCSA	D	0.54%	0.32%	0.32%
CME	C	0.28%	0.11%	0.11%
COIN	F	0.12%	0.05%	0.05%
COST	B	1.41%	0.91%	0.91%
CPRT	D	0.17%	0.08%	0.08%
CRWD	D	0.21%	0.11%	0.11%
CSCO	C	0.7%	0.34%	0.34%
CSX	D	0.23%	0.08%	0.08%
CTAS	B	0.29%	0.37%	0.29%
CTSH	C	0.13%	0.17%	0.13%
DASH	C	0.17%	0.05%	0.05%
DDOG	D	0.12%	0.02%	0.02%
DLTR	F	0.05%	0.05%	0.05%
EA	D	0.13%	0.23%	0.13%
EBAY	B	0.11%	0.11%	0.11%
EVRG	B	0.04%	0.06%	0.04%
EXC	C	0.14%	0.04%	0.04%
EXPE	C	0.06%	0.16%	0.06%
FANG	D	0.11%	0.06%	0.06%
FAST	C	0.14%	0.35%	0.14%
FCNCA	D	0.09%	0.11%	0.09%
FITB	B	0.1%	0.02%	0.02%
FTNT	C	0.2%	0.24%	0.2%
GEHC	C	0.14%	0.02%	0.02%
GILD	B	0.36%	0.18%	0.18%
GOOG	D	3.1%	1.66%	1.66%
GOOGL	D	3.23%	1.8%	1.8%
HBAN	B	0.07%	0.03%	0.03%
HOLX	B	0.06%	0.16%	0.06%
HON	D	0.46%	0.16%	0.16%
HST	C	0.04%	0.17%	0.04%
IDXX	C	0.14%	0.32%	0.14%
INTC	F	0.29%	0.07%	0.07%
INTU	C	0.64%	0.3%	0.3%
ISRG	B	0.6%	0.18%	0.18%
JKHY	B	0.04%	0.13%	0.04%
KDP	B	0.17%	0.06%	0.06%
KHC	C	0.15%	0.07%	0.07%
KLAC	D	0.35%	0.24%	0.24%
LECO	F	0.03%	0.05%	0.03%
LIN	B	0.78%	0.25%	0.25%
LKQ	F	0.03%	0.18%	0.03%
LNT	B	0.05%	0.09%	0.05%
LPLA	D	0.06%	0.1%	0.06%
LRCX	F	0.35%	0.31%	0.31%
MANH	B	0.05%	0.29%	0.05%
MAR	C	0.23%	0.09%	0.09%
MCHP	F	0.14%	0.1%	0.1%
MDLZ	B	0.35%	0.09%	0.09%
META	B	4.01%	2.52%	2.52%
MNST	D	0.18%	0.05%	0.05%
MPWR	C	0.15%	0.07%	0.07%
MSFT	C	11.17%	6.09%	6.09%
MSTR	D	0.08%	0.06%	0.06%
MU	F	0.35%	0.1%	0.1%
NDAQ	A	0.15%	0.05%	0.05%
NDSN	C	0.05%	0.11%	0.05%
NFLX	B	1.04%	0.33%	0.33%
NTAP	D	0.08%	0.15%	0.08%
NTNX	C	0.05%	0.2%	0.05%
NTRS	A	0.06%	0.13%	0.06%
NVDA	D	10.22%	5.51%	5.51%
ODFL	D	0.15%	0.03%	0.03%
OKTA	F	0.04%	0.05%	0.04%
ON	D	0.1%	0.1%	0.1%
ORLY	C	0.23%	0.29%	0.23%
PANW	D	0.39%	0.2%	0.2%
PAYX	C	0.17%	0.07%	0.07%
PCAR	D	0.17%	0.09%	0.09%
PEP	C	0.85%	0.4%	0.4%
PFG	B	0.06%	0.19%	0.06%
PODD	B	0.06%	0.12%	0.06%
POOL	C	0.05%	0.06%	0.05%
PTC	D	0.07%	0.16%	0.07%
PYPL	B	0.25%	0.07%	0.07%
QCOM	D	0.65%	0.39%	0.39%
REGN	C	0.43%	0.33%	0.33%
ROP	C	0.2%	0.24%	0.2%
ROST	C	0.18%	0.1%	0.1%
SMCI	F	0.09%	0.06%	0.06%
SNPS	D	0.26%	0.21%	0.21%
SSNC	B	0.06%	0.25%	0.06%
STLD	F	0.06%	0.1%	0.06%
STX	C	0.08%	0.07%	0.07%
SWKS	D	0.05%	0.18%	0.05%
TEAM	D	0.09%	0.19%	0.09%
TER	D	0.07%	0.12%	0.07%
TMUS	C	0.83%	0.25%	0.25%
TRMB	C	0.05%	0.06%	0.05%
TROW	D	0.08%	0.07%	0.07%
TSCO	C	0.11%	0.2%	0.11%
TSLA	C	2.56%	0.62%	0.62%
TTWO	C	0.09%	0.06%	0.06%
TXN	C	0.63%	0.26%	0.26%
ULTA	D	0.06%	0.23%	0.06%
VRSK	D	0.13%	0.11%	0.11%
VRSN	D	0.06%	0.33%	0.06%
VRTX	D	0.43%	0.26%	0.26%
VTRS	D	0.05%	0.36%	0.05%
WBD	D	0.07%	0.24%	0.07%
WDAY	D	0.18%	0.04%	0.04%
WDC	D	0.08%	0.07%	0.07%
WTW	C	0.1%	0.03%	0.03%
ZM	C	0.06%	0.18%	0.06%
ZS	F	0.09%	0.03%	0.03%

ONEQ Overweight 694 Positions Relative to GSLC

Symbol	Grade	Weight
SBUX	C	0.39%
MELI	B	0.38%
EQIX	C	0.28%
ASML	F	0.26%
PDD	F	0.22%
MRVL	C	0.22%
NXPI	F	0.2%
ABNB	D	0.18%
AZN	D	0.16%
TTD	B	0.16%
CCEP	B	0.13%
XEL	B	0.13%
BKR	C	0.12%
APP	C	0.11%
CSGP	D	0.11%
LULU	D	0.11%
DXCM	F	0.1%
SMMT	C	0.09%
SBAC	C	0.09%
ERIE	B	0.09%
MRNA	F	0.09%
GFS	F	0.08%
MDB	D	0.08%
FSLR	C	0.08%
ICLR	D	0.08%
CHKP	B	0.07%
ILMN	C	0.07%
NTRA	C	0.06%
UAL	C	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	F	0.06%
SNY	B	0.06%
ZBRA	B	0.06%
ARM	D	0.06%
HOOD	C	0.06%
DKNG	C	0.06%
ARGX	C	0.06%
JD	C	0.05%
REG	C	0.05%
GRAB	C	0.05%
BNTX	C	0.05%
LOGI	D	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	C	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
BSY	D	0.05%
UTHR	C	0.05%
TW	B	0.05%
CG	D	0.05%
TCOM	C	0.05%
CPB	C	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%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	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%
GLPI	C	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%
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	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%
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%
LNW	B	0.03%
WWD	D	0.03%
BRKR	D	0.03%
MTCH	C	0.03%
BGNE	C	0.03%
CHK	D	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 293 Positions Relative to GSLC

Symbol	Grade	Weight
LLY	C	-1.54%
BRK.A	C	-1.12%
JPM	D	-0.99%
WMT	C	-0.95%
UNH	C	-0.88%
MA	B	-0.81%
HD	B	-0.8%
V	C	-0.77%
XOM	C	-0.74%
JNJ	C	-0.69%
PG	C	-0.64%
ABBV	C	-0.62%
ACN	C	-0.53%
MRK	D	-0.51%
BLDR	C	-0.46%
FICO	B	-0.44%
IBM	B	-0.43%
KR	C	-0.42%
CL	D	-0.42%
TJX	B	-0.42%
GWW	B	-0.41%
LOW	B	-0.4%
CRM	D	-0.4%
KO	C	-0.36%
T	C	-0.34%
CI	C	-0.34%
BAC	D	-0.34%
MCO	B	-0.33%
PM	C	-0.33%
LEN	B	-0.33%
MMC	C	-0.32%
SYF	C	-0.32%
PHM	B	-0.32%
BK	B	-0.32%
NOW	B	-0.32%
AMP	A	-0.31%
MSI	B	-0.31%
ORCL	C	-0.29%
COF	B	-0.29%
YUM	D	-0.27%
MTD	D	-0.27%
HPE	D	-0.26%
MPC	F	-0.26%
GE	B	-0.26%
VZ	B	-0.26%
C	C	-0.25%
AZO	D	-0.25%
TMO	B	-0.25%
DECK	C	-0.25%
AXP	B	-0.25%
BBY	C	-0.24%
CNC	D	-0.24%
CVS	D	-0.24%
WFC	D	-0.24%
HIG	B	-0.23%
LDOS	B	-0.23%
IT	B	-0.23%
APH	D	-0.22%
AIG	D	-0.22%
ABT	C	-0.22%
VLO	F	-0.22%
SYY	D	-0.22%
SHW	B	-0.22%
PINS	F	-0.22%
WMB	B	-0.21%
BSX	B	-0.21%
ITW	C	-0.21%
BMY	C	-0.21%
TGT	C	-0.21%
STT	A	-0.21%
PGR	B	-0.21%
RSG	D	-0.21%
CB	B	-0.21%
AJG	D	-0.2%
DFS	B	-0.2%
ANET	B	-0.2%
MCD	B	-0.2%
ICE	C	-0.2%
APO	C	-0.2%
WAB	B	-0.2%
LII	B	-0.2%
KMI	B	-0.2%
CAT	B	-0.19%
RTX	C	-0.19%
CVX	D	-0.19%
CAG	C	-0.18%
HUBS	D	-0.18%
DHR	B	-0.18%
DHI	B	-0.18%
ADM	D	-0.18%
MCK	F	-0.18%
MAS	B	-0.18%
GDDY	C	-0.18%
ELV	C	-0.18%
NKE	D	-0.18%
SWK	B	-0.17%
VST	C	-0.17%
PSX	F	-0.17%
MO	C	-0.17%
DIS	D	-0.17%
TXT	D	-0.17%
CCL	C	-0.17%
CLX	C	-0.17%
L	C	-0.17%
PSTG	F	-0.16%
WM	D	-0.16%
SYK	C	-0.16%
MS	D	-0.16%
AFL	C	-0.15%
ETN	C	-0.15%
OMC	B	-0.15%
UBER	C	-0.15%
ZTS	C	-0.15%
AVY	C	-0.15%
BG	D	-0.15%
FDX	C	-0.15%
BRO	C	-0.15%
CBOE	C	-0.15%
PH	B	-0.15%
KMB	D	-0.15%
OKE	B	-0.15%
NUE	F	-0.15%
DPZ	F	-0.15%
OTIS	C	-0.15%
WSM	D	-0.14%
GD	B	-0.14%
NRG	C	-0.14%
DGX	B	-0.14%
BR	D	-0.14%
TDY	B	-0.13%
DRI	B	-0.13%
CAH	C	-0.13%
TDG	B	-0.13%
CHD	D	-0.13%
RPM	B	-0.13%
IEX	D	-0.13%
RS	D	-0.13%
TRV	C	-0.13%
PRU	C	-0.13%
HLT	B	-0.13%
SPGI	B	-0.13%
TT	B	-0.13%
HCA	B	-0.12%
VLTO	C	-0.12%
COP	D	-0.12%
BLK	B	-0.12%
IRM	C	-0.12%
IPG	C	-0.12%
JBL	D	-0.12%
MKL	C	-0.12%
AME	C	-0.12%
DELL	D	-0.12%
LYB	D	-0.11%
ATO	B	-0.11%
DOV	B	-0.11%
CMG	C	-0.11%
EXPD	C	-0.11%
HWM	B	-0.11%
VRT	C	-0.11%
F	F	-0.11%
CE	F	-0.11%
EME	B	-0.11%
EG	C	-0.11%
FDS	C	-0.11%
LMT	C	-0.11%
AON	B	-0.11%
DAL	C	-0.11%
KKR	B	-0.1%
OC	D	-0.1%
PPG	D	-0.1%
KEYS	C	-0.1%
VICI	C	-0.1%
IQV	C	-0.1%
EW	F	-0.1%
RJF	C	-0.1%
RCL	B	-0.1%
TRGP	B	-0.1%
SNA	C	-0.1%
ECL	B	-0.1%
PKG	B	-0.1%
GRMN	D	-0.1%
SO	B	-0.09%
WRB	C	-0.09%
MRO	C	-0.09%
XYL	C	-0.09%
CSL	B	-0.09%
NVR	B	-0.09%
PEG	B	-0.09%
GGG	C	-0.09%
CF	C	-0.09%
IR	C	-0.09%
DUK	C	-0.09%
ALL	B	-0.09%
EOG	D	-0.09%
HPQ	D	-0.08%
CMI	C	-0.08%
ZBH	F	-0.08%
STE	C	-0.08%
WAT	C	-0.08%
MDT	C	-0.08%
FTV	C	-0.08%
EPAM	F	-0.08%
PPL	C	-0.08%
DOW	D	-0.08%
CARR	B	-0.08%
HSY	C	-0.08%
NEE	C	-0.08%
MMM	B	-0.08%
INVH	C	-0.08%
STZ	D	-0.08%
SPG	B	-0.07%
LNG	C	-0.07%
UNP	C	-0.07%
CFG	C	-0.07%
BDX	D	-0.07%
MAA	B	-0.07%
GLW	C	-0.07%
NI	B	-0.07%
ED	C	-0.07%
AVB	B	-0.07%
EL	F	-0.07%
WELL	C	-0.07%
PWR	B	-0.07%
BAH	C	-0.07%
HUBB	B	-0.07%
EQR	B	-0.07%
WSO	C	-0.07%
ETR	B	-0.06%
A	C	-0.06%
GEV	B	-0.06%
ESS	B	-0.06%
CMS	C	-0.06%
BX	B	-0.06%
KVUE	C	-0.06%
TYL	C	-0.06%
ARES	B	-0.06%
VMC	D	-0.06%
DE	B	-0.06%
FE	C	-0.06%
GPC	D	-0.06%
PNC	B	-0.06%
GPN	D	-0.05%
MLM	D	-0.05%
CBRE	A	-0.05%
GIS	B	-0.05%
SRE	C	-0.05%
WPC	C	-0.05%
IP	B	-0.05%
PFE	C	-0.05%
CNP	C	-0.05%
USB	B	-0.05%
LHX	C	-0.05%
AVTR	B	-0.05%
TSN	C	-0.05%
CPAY	B	-0.05%
SUI	B	-0.05%
J	C	-0.05%
K	B	-0.05%
MET	B	-0.05%
SCHW	D	-0.04%
IFF	B	-0.04%
OXY	F	-0.04%
HUM	F	-0.04%
WY	C	-0.04%
OVV	F	-0.04%
DLR	B	-0.04%
ARE	C	-0.04%
MTB	B	-0.04%
PSA	B	-0.03%
CTRA	D	-0.03%
DG	F	-0.03%
FIS	B	-0.03%
LYV	B	-0.03%
LVS	D	-0.03%
HAL	F	-0.03%
WEC	C	-0.03%
RF	B	-0.03%
EMR	D	-0.03%
PCG	C	-0.03%
SJM	C	-0.02%
URI	B	-0.02%
DTE	C	-0.02%
EIX	C	-0.02%
CTVA	B	-0.02%
MOH	D	-0.02%
KEY	B	-0.02%
JCI	B	-0.02%
O	C	-0.02%
RBLX	B	-0.02%
VTR	C	-0.02%
NOC	B	-0.02%
DVN	F	-0.02%
RMD	C	-0.02%