ONEQ vs. IGM ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to iShares North American Tech ETF (IGM)

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

$71.45

Average Daily Volume

295,593

Number of Holdings ^*

850

* may have additional holdings in another (foreign) market

IGM

iShares North American Tech ETF

IGM Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of technology-related companies in the United States and Canada. Components primarily include information technology and technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.62

Average Daily Volume

312,572

Number of Holdings ^*

274

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	IGM
30 Days	3.39%	3.85%
60 Days	4.50%	5.94%
90 Days	2.34%	1.49%
12 Months	38.67%	50.77%

158 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in IGM	Overlap
AAPL	C	11.98%	8.45%	8.45%
ACIW	B	0.02%	0.04%	0.02%
ACLS	F	0.01%	0.03%	0.01%
ADBE	F	0.8%	1.9%	0.8%
ADI	C	0.39%	0.92%	0.39%
ADSK	B	0.19%	0.47%	0.19%
AEIS	D	0.02%	0.03%	0.02%
AGYS	D	0.01%	0.02%	0.01%
AKAM	D	0.05%	0.12%	0.05%
ALGM	D	0.02%	0.03%	0.02%
ALKT	D	0.02%	0.01%	0.01%
ALRM	F	0.01%	0.02%	0.01%
ALTR	C	0.02%	0.05%	0.02%
AMAT	D	0.55%	1.3%	0.55%
AMBA	C	0.01%	0.02%	0.01%
AMD	C	0.87%	2.07%	0.87%
AMKR	F	0.03%	0.03%	0.03%
ANSS	D	0.09%	0.23%	0.09%
APP	C	0.13%	0.22%	0.13%
APPF	C	0.02%	0.04%	0.02%
APPN	C	0.01%	0.01%	0.01%
AUR	C	0.02%	0.04%	0.02%
AVGO	C	2.73%	4.54%	2.73%
AVT	B	0.01%	0.04%	0.01%
BL	D	0.01%	0.02%	0.01%
BLKB	C	0.02%	0.03%	0.02%
BRZE	F	0.01%	0.02%	0.01%
BSY	C	0.05%	0.06%	0.05%
CARG	C	0.01%	0.02%	0.01%
CDNS	D	0.25%	0.61%	0.25%
CDW	D	0.1%	0.25%	0.1%
CFLT	F	0.02%	0.04%	0.02%
CGNX	F	0.02%	0.06%	0.02%
CLSK	F	0.01%	0.02%	0.01%
CNXN	B	0.01%	0.01%	0.01%
COHU	F	0.01%	0.01%	0.01%
COMM	C	0.01%	0.01%	0.01%
CRDO	D	0.02%	0.03%	0.02%
CRUS	D	0.02%	0.05%	0.02%
CRWD	D	0.24%	0.57%	0.24%
CSCO	B	0.72%	1.71%	0.72%
CTSH	B	0.13%	0.31%	0.13%
CVLT	B	0.02%	0.05%	0.02%
DBX	C	0.02%	0.05%	0.02%
DDOG	D	0.12%	0.29%	0.12%
DGII	D	0.01%	0.01%	0.01%
DIOD	F	0.01%	0.02%	0.01%
DOCU	C	0.04%	0.1%	0.04%
EA	D	0.12%	0.27%	0.12%
ENPH	D	0.06%	0.13%	0.06%
ENTG	D	0.06%	0.14%	0.06%
EXTR	C	0.01%	0.02%	0.01%
FFIV	B	0.04%	0.1%	0.04%
FIVN	F	0.01%	0.02%	0.01%
FORM	F	0.01%	0.03%	0.01%
FRSH	F	0.01%	0.02%	0.01%
FSLR	C	0.09%	0.21%	0.09%
FTNT	B	0.2%	0.4%	0.2%
GDYN	C	0.01%	0.01%	0.01%
GOOG	D	3.18%	3.94%	3.18%
GOOGL	D	3.31%	4.78%	3.31%
GTLB	D	0.02%	0.05%	0.02%
HCP	A	0.02%	0.04%	0.02%
HLIT	C	0.01%	0.01%	0.01%
IAC	C	0.02%	0.03%	0.02%
ICHR	D	0.01%	0.01%	0.01%
IDCC	B	0.01%	0.03%	0.01%
INFN	B	0.01%	0.01%	0.01%
INTA	C	0.02%	0.02%	0.02%
INTC	D	0.32%	0.76%	0.32%
INTU	D	0.62%	1.48%	0.62%
ITRI	C	0.02%	0.04%	0.02%
JAMF	D	0.01%	0.01%	0.01%
KLAC	D	0.35%	0.83%	0.35%
KLIC	D	0.01%	0.02%	0.01%
LFUS	C	0.02%	0.05%	0.02%
LITE	B	0.02%	0.03%	0.02%
LRCX	D	0.35%	0.83%	0.35%
LSCC	D	0.03%	0.06%	0.03%
MANH	B	0.06%	0.14%	0.06%
MARA	D	0.02%	0.04%	0.02%
MCHP	D	0.14%	0.34%	0.14%
MDB	D	0.07%	0.17%	0.07%
META	B	4.23%	8.81%	4.23%
MKSI	F	0.03%	0.06%	0.03%
MPWR	B	0.15%	0.36%	0.15%
MRVL	D	0.22%	0.52%	0.22%
MSFT	C	11.17%	8.41%	8.41%
MSTR	C	0.09%	0.21%	0.09%
MTCH	C	0.03%	0.08%	0.03%
MTSI	C	0.03%	0.05%	0.03%
MU	D	0.35%	0.82%	0.35%
NCNO	F	0.01%	0.02%	0.01%
NFLX	B	1.04%	2.46%	1.04%
NOVT	D	0.02%	0.05%	0.02%
NSIT	C	0.02%	0.05%	0.02%
NSSC	F	0.01%	0.01%	0.01%
NTAP	D	0.08%	0.21%	0.08%
NTCT	C	0.01%	0.01%	0.01%
NTNX	D	0.05%	0.12%	0.05%
NVDA	C	9.83%	8.03%	8.03%
NXPI	D	0.2%	0.48%	0.2%
OKTA	F	0.04%	0.1%	0.04%
OLED	D	0.03%	0.08%	0.03%
ON	D	0.11%	0.24%	0.11%
OSIS	C	0.01%	0.02%	0.01%
PANW	D	0.38%	0.9%	0.38%
PDFS	D	0.01%	0.01%	0.01%
PEGA	B	0.02%	0.02%	0.02%
PI	B	0.02%	0.04%	0.02%
PLAB	D	0.01%	0.01%	0.01%
PLTK	C	0.01%	0.0%	0.0%
PLUS	B	0.01%	0.02%	0.01%
PLXS	B	0.02%	0.03%	0.02%
POWI	F	0.01%	0.03%	0.01%
PRFT	B	0.01%	0.02%	0.01%
PRGS	A	0.01%	0.02%	0.01%
PTC	C	0.07%	0.17%	0.07%
QCOM	D	0.65%	1.54%	0.65%
QLYS	D	0.02%	0.04%	0.02%
QRVO	F	0.04%	0.08%	0.04%
RIOT	F	0.01%	0.02%	0.01%
RMBS	F	0.02%	0.03%	0.02%
ROP	C	0.2%	0.49%	0.2%
RPD	D	0.01%	0.02%	0.01%
SANM	D	0.02%	0.03%	0.02%
SEDG	F	0.01%	0.01%	0.01%
SITM	B	0.02%	0.02%	0.02%
SLAB	D	0.02%	0.03%	0.02%
SMCI	F	0.09%	0.19%	0.09%
SMTC	C	0.01%	0.03%	0.01%
SNPS	F	0.27%	0.64%	0.27%
SPSC	D	0.03%	0.06%	0.03%
SPT	F	0.01%	0.01%	0.01%
STX	B	0.08%	0.18%	0.08%
SWKS	F	0.05%	0.13%	0.05%
SYNA	D	0.01%	0.02%	0.01%
TEAM	D	0.09%	0.21%	0.09%
TENB	F	0.02%	0.04%	0.02%
TER	C	0.08%	0.17%	0.08%
TRMB	C	0.05%	0.12%	0.05%
TTMI	D	0.01%	0.02%	0.01%
TTWO	D	0.09%	0.2%	0.09%
TXN	B	0.63%	1.52%	0.63%
UCTT	D	0.01%	0.01%	0.01%
VECO	F	0.01%	0.01%	0.01%
VERX	D	0.01%	0.02%	0.01%
VIAV	C	0.01%	0.02%	0.01%
VRNS	B	0.02%	0.05%	0.02%
VRNT	F	0.01%	0.01%	0.01%
VRSN	C	0.06%	0.12%	0.06%
WDAY	D	0.18%	0.43%	0.18%
WDC	C	0.08%	0.18%	0.08%
XRX	D	0.01%	0.01%	0.01%
ZBRA	B	0.07%	0.15%	0.07%
ZD	D	0.01%	0.02%	0.01%
ZM	C	0.06%	0.15%	0.06%
ZS	F	0.09%	0.13%	0.09%

ONEQ Overweight 692 Positions Relative to IGM

Symbol	Grade	Weight
AMZN	C	6.94%
TSLA	C	2.63%
COST	C	1.38%
PEP	D	0.79%
TMUS	B	0.78%
LIN	B	0.76%
AMGN	D	0.62%
ISRG	C	0.59%
CMCSA	C	0.53%
BKNG	B	0.46%
HON	C	0.45%
REGN	D	0.42%
VRTX	D	0.41%
ADP	C	0.39%
SBUX	C	0.38%
MELI	C	0.37%
GILD	B	0.35%
MDLZ	C	0.34%
CEG	C	0.28%
EQIX	B	0.28%
CTAS	C	0.27%
CME	B	0.27%
PYPL	B	0.27%
ASML	F	0.26%
MAR	B	0.23%
PDD	D	0.23%
CSX	C	0.22%
ORLY	B	0.22%
ABNB	D	0.2%
DASH	B	0.19%
PCAR	D	0.18%
MNST	D	0.18%
AEP	C	0.18%
CPRT	D	0.17%
TTD	B	0.17%
KDP	B	0.17%
ROST	C	0.17%
PAYX	C	0.16%
CHTR	D	0.16%
FAST	C	0.15%
NDAQ	C	0.15%
ACGL	B	0.15%
AZN	D	0.15%
GEHC	B	0.14%
IDXX	D	0.14%
KHC	C	0.14%
ODFL	D	0.14%
XEL	B	0.13%
VRSK	D	0.13%
EXC	B	0.13%
COIN	F	0.12%
ALNY	C	0.12%
BKR	C	0.12%
CCEP	C	0.12%
LULU	D	0.11%
EBAY	B	0.11%
FANG	F	0.11%
CSGP	D	0.11%
DXCM	F	0.1%
AXON	B	0.1%
BIIB	F	0.1%
TSCO	B	0.1%
WTW	B	0.1%
SBAC	C	0.09%
MRNA	F	0.09%
ERIE	B	0.09%
FITB	B	0.09%
FCNCA	D	0.09%
GFS	F	0.08%
ILMN	D	0.08%
TROW	C	0.08%
ICLR	F	0.08%
PFG	B	0.07%
TCOM	B	0.07%
ALGN	D	0.07%
CINF	C	0.07%
HBAN	B	0.07%
WBD	D	0.07%
CHKP	B	0.07%
NTRA	C	0.06%
JBHT	D	0.06%
UAL	B	0.06%
LPLA	D	0.06%
PODD	C	0.06%
EXPE	C	0.06%
ARGX	B	0.06%
SMMT	D	0.06%
SSNC	C	0.06%
HOLX	D	0.06%
ARM	C	0.06%
SNY	B	0.06%
HOOD	C	0.06%
ULTA	D	0.06%
NTRS	C	0.06%
STLD	C	0.06%
DKNG	C	0.06%
EXAS	D	0.05%
CASY	D	0.05%
VTRS	D	0.05%
POOL	C	0.05%
FLEX	B	0.05%
BMRN	F	0.05%
MNDY	C	0.05%
LOGI	D	0.05%
NDSN	C	0.05%
JD	A	0.05%
GRAB	B	0.05%
LNT	A	0.05%
MORN	C	0.05%
TW	B	0.05%
DLTR	F	0.05%
IBKR	B	0.05%
CPB	C	0.05%
UTHR	B	0.05%
CG	C	0.05%
TXRH	B	0.04%
NWSA	D	0.04%
MKTX	D	0.04%
NTES	D	0.04%
HAS	B	0.04%
CHK	C	0.04%
LAMR	B	0.04%
RGLD	C	0.04%
PPC	D	0.04%
MEDP	F	0.04%
COKE	C	0.04%
INSM	D	0.04%
SFM	B	0.04%
EWBC	C	0.04%
CHRW	B	0.04%
JKHY	B	0.04%
BNTX	C	0.04%
SAIA	D	0.04%
Z	C	0.04%
PAA	D	0.04%
CYBR	B	0.04%
NBIX	F	0.04%
HST	D	0.04%
RPRX	C	0.04%
AFRM	D	0.04%
WING	C	0.04%
GLPI	C	0.04%
BIDU	C	0.04%
RIVN	F	0.04%
SRPT	F	0.04%
INCY	C	0.04%
TTEK	C	0.04%
PCVX	C	0.04%
REG	C	0.04%
TECH	C	0.04%
EVRG	B	0.04%
UFPI	C	0.03%
HLNE	B	0.03%
ENSG	D	0.03%
LNTH	D	0.03%
MAT	D	0.03%
REYN	C	0.03%
WFRD	F	0.03%
HALO	D	0.03%
FOX	B	0.03%
WSC	D	0.03%
MIDD	C	0.03%
GLBE	C	0.03%
ACHC	D	0.03%
XP	D	0.03%
RVMD	C	0.03%
RGEN	F	0.03%
CELH	F	0.03%
VKTX	D	0.03%
MMYT	D	0.03%
WYNN	C	0.03%
LBRDK	C	0.03%
HSIC	C	0.03%
WBA	F	0.03%
CROX	C	0.03%
NICE	D	0.03%
EXEL	C	0.03%
CHRD	F	0.03%
ITCI	D	0.03%
PARA	D	0.03%
CZR	C	0.03%
SAIC	C	0.03%
WTFC	C	0.03%
ASND	C	0.03%
FOXA	B	0.03%
AAON	B	0.03%
CBSH	D	0.03%
LCID	C	0.03%
SOFI	D	0.03%
CHDN	D	0.03%
APA	F	0.03%
WIX	C	0.03%
SEIC	B	0.03%
DOX	C	0.03%
FYBR	C	0.03%
OTEX	D	0.03%
ROKU	D	0.03%
PCTY	D	0.03%
LKQ	F	0.03%
LNW	F	0.03%
WWD	C	0.03%
LECO	D	0.03%
BRKR	D	0.03%
DUOL	C	0.03%
BGNE	B	0.03%
PATK	C	0.02%
APLS	F	0.02%
CALM	B	0.02%
VICR	C	0.02%
LOPE	D	0.02%
RNA	D	0.02%
SATS	C	0.02%
ROAD	C	0.02%
RUSHA	C	0.02%
TCBI	C	0.02%
ADMA	C	0.02%
TBBK	C	0.02%
CVCO	B	0.02%
CLBT	C	0.02%
FOLD	F	0.02%
BANF	C	0.02%
NMIH	C	0.02%
CRSP	F	0.02%
IPAR	D	0.02%
KTOS	B	0.02%
VOD	C	0.02%
NEOG	D	0.02%
PTEN	F	0.02%
LI	D	0.02%
VCTR	B	0.02%
TFSL	D	0.02%
RKLB	C	0.02%
IBOC	D	0.02%
GLNG	B	0.02%
PCH	C	0.02%
IMVT	F	0.02%
XRAY	D	0.02%
IESC	B	0.02%
CRNX	D	0.02%
OPCH	C	0.02%
COLM	C	0.02%
CNXC	F	0.02%
ACLX	C	0.02%
WMG	D	0.02%
BGC	D	0.02%
CHCI	B	0.02%
RUN	D	0.02%
STEP	B	0.02%
BECN	F	0.02%
LYFT	D	0.02%
FIZZ	D	0.02%
LEGN	F	0.02%
LANC	F	0.02%
ONB	D	0.02%
SRCL	B	0.02%
VLY	D	0.02%
KRYS	D	0.02%
DNLI	C	0.02%
HTHT	C	0.02%
SBRA	C	0.02%
PECO	C	0.02%
HWC	D	0.02%
SGRY	D	0.02%
AXSM	C	0.02%
CACC	F	0.02%
EEFT	F	0.02%
PRCT	C	0.02%
LSTR	D	0.02%
ICUI	C	0.02%
STRL	C	0.02%
ALKS	D	0.02%
BPMC	F	0.02%
VRRM	D	0.02%
SLM	C	0.02%
MDGL	F	0.02%
CORT	B	0.02%
COOP	C	0.02%
ASO	D	0.02%
FELE	B	0.02%
RDNT	B	0.02%
FIVE	D	0.02%
RARE	C	0.02%
TMDX	C	0.02%
EXLS	B	0.02%
BBIO	F	0.02%
TIGO	B	0.02%
UBSI	D	0.02%
CWST	D	0.02%
AVAV	C	0.02%
CHX	F	0.02%
GNTX	D	0.02%
UMBF	C	0.02%
SHC	C	0.02%
SIGI	D	0.02%
CYTK	F	0.02%
MMSI	C	0.02%
BPOP	C	0.02%
ZION	D	0.02%
QXO	F	0.02%
NXST	D	0.02%
AGNC	B	0.02%
COLB	B	0.02%
EXPO	B	0.02%
CRVL	B	0.02%
PNFP	C	0.02%
TPG	C	0.02%
BCPC	C	0.02%
IEP	F	0.02%
RCM	C	0.02%
AAL	D	0.02%
JAZZ	D	0.02%
ETSY	D	0.02%
MASI	C	0.02%
FFIN	C	0.02%
ACT	C	0.02%
FRHC	C	0.02%
CSWI	B	0.02%
NUVL	D	0.02%
FRPT	C	0.02%
IONS	F	0.02%
HQY	C	0.02%
FUTU	A	0.02%
OLLI	C	0.02%
BOKF	C	0.02%
EBTC	B	0.01%
GRFS	C	0.01%
CIFR	D	0.01%
AMWD	C	0.01%
TRDA	D	0.01%
BASE	F	0.01%
IRON	C	0.01%
LBRDA	C	0.01%
PYCR	D	0.01%
IQ	D	0.01%
HAFC	D	0.01%
JACK	F	0.01%
MOMO	B	0.01%
GDEN	D	0.01%
TTGT	F	0.01%
LQDA	F	0.01%
SRCL	B	0.01%
JBSS	F	0.01%
OABI	F	0.01%
NNDM	C	0.01%
FLYW	F	0.01%
GSM	F	0.01%
CNSL	A	0.01%
SCHL	D	0.01%
ISTR	B	0.01%
PLAY	D	0.01%
ASTL	B	0.01%
CNTA	C	0.01%
NRIX	D	0.01%
CBRL	D	0.01%
NEXT	F	0.01%
IMNM	F	0.01%
FFIC	D	0.01%
BCBP	C	0.01%
EYE	F	0.01%
PLYA	D	0.01%
ESTA	D	0.01%
MNTK	D	0.01%
GLUE	F	0.01%
TRS	C	0.01%
MATW	F	0.01%
KELYA	D	0.01%
SOUN	D	0.01%
WVE	C	0.01%
WASH	C	0.01%
IREN	D	0.01%
GIII	D	0.01%
CVAC	F	0.01%
NNBR	C	0.01%
IMKTA	D	0.01%
ODP	F	0.01%
OPK	D	0.01%
CEVA	C	0.01%
WOOF	C	0.01%
EMBC	D	0.01%
BVS	C	0.01%
FWRG	F	0.01%
PHAT	C	0.01%
GMAB	F	0.01%
FLGT	F	0.01%
KRNT	A	0.01%
SVRA	D	0.01%
SRRK	F	0.01%
ULCC	D	0.01%
SAVA	D	0.01%
CMCO	D	0.01%
KALU	D	0.01%
PFC	D	0.01%
BCYC	D	0.01%
DHC	C	0.01%
PGNY	F	0.01%
LBPH	D	0.01%
SDGR	F	0.01%
SABR	C	0.01%
IBUY	A	0.01%
DLO	F	0.01%
VIR	F	0.01%
BLMN	F	0.01%
TREE	C	0.01%
SPRY	C	0.01%
AVAH	D	0.01%
MRVI	D	0.01%
HTLD	F	0.01%
TVTX	C	0.01%
NVEE	F	0.01%
CNDT	C	0.01%
CDNA	C	0.01%
MLCO	C	0.01%
COLL	C	0.01%
WB	C	0.01%
RLAY	F	0.01%
PSNY	C	0.01%
PCT	C	0.01%
VSEC	D	0.01%
AMSF	C	0.01%
HBNC	D	0.01%
STAA	D	0.01%
WULF	C	0.01%
TARS	D	0.01%
IMCR	F	0.01%
TH	F	0.01%
AVO	C	0.01%
WABC	D	0.01%
AMED	D	0.01%
COGT	C	0.01%
HROW	C	0.01%
CLOV	D	0.01%
HTZ	F	0.01%
FWRD	D	0.01%
CRAI	C	0.01%
THRM	F	0.01%
ANAB	D	0.01%
IMTX	D	0.01%
ANIP	F	0.01%
APOG	B	0.01%
PEBO	D	0.01%
RDWR	C	0.01%
PFBC	D	0.01%
TYRA	C	0.01%
INMD	D	0.01%
TRNS	D	0.01%
ARDX	D	0.01%
NFE	F	0.01%
VITL	C	0.01%
UNIT	C	0.01%
NVAX	D	0.01%
MCRI	B	0.01%
RDFN	D	0.01%
VMEO	C	0.01%
ZLAB	C	0.01%
MRTN	D	0.01%
CSGS	C	0.01%
CENX	C	0.01%
AUPH	C	0.01%
SAFT	D	0.01%
MBUU	D	0.01%
SCSC	D	0.01%
ULH	D	0.01%
UDMY	F	0.01%
AOSL	D	0.01%
TCBK	D	0.01%
OCFC	B	0.01%
ECPG	D	0.01%
VRDN	B	0.01%
ATAT	B	0.01%
QNST	C	0.01%
CAKE	B	0.01%
SIMO	F	0.01%
GABC	D	0.01%
INVA	C	0.01%
BLBD	D	0.01%
WINA	C	0.01%
DAWN	D	0.01%
ENVX	F	0.01%
TLRY	F	0.01%
INBK	D	0.01%
MYRG	F	0.01%
MSEX	C	0.01%
BCRX	D	0.01%
NAVI	D	0.01%
SCVL	C	0.01%
CENTA	F	0.01%
ANDE	D	0.01%
AXNX	B	0.01%
DVAX	D	0.01%
RNW	D	0.01%
MNKD	C	0.01%
SNDX	F	0.01%
AKRO	D	0.01%
BILI	A	0.01%
RCKT	F	0.01%
LKFN	D	0.01%
PRDO	D	0.01%
PLUG	F	0.01%
CHEF	C	0.01%
OLPX	D	0.01%
PDCO	F	0.01%
HAIN	C	0.01%
AHCO	C	0.01%
ROIC	C	0.01%
MLKN	F	0.01%
NWBI	D	0.01%
VERA	C	0.01%
IAS	D	0.01%
PAGP	D	0.01%
AY	B	0.01%
SUPN	D	0.01%
NVCR	F	0.01%
AMRK	C	0.01%
KURA	D	0.01%
IRTC	F	0.01%
SASR	C	0.01%
GDS	C	0.01%
NEO	F	0.01%
MGNI	D	0.01%
ARVN	F	0.01%
DCOM	C	0.01%
SBLK	C	0.01%
WSBC	D	0.01%
DOOO	F	0.01%
BUSE	D	0.01%
XNCR	D	0.01%
TRUP	D	0.01%
CAR	D	0.01%
VBTX	C	0.01%
VRNA	C	0.01%
VC	F	0.01%
SKWD	B	0.01%
CASH	D	0.01%
SYBT	C	0.01%
GTX	D	0.01%
FRME	D	0.01%
PRVA	F	0.01%
CRTO	D	0.01%
HEES	D	0.01%
HOPE	D	0.01%
ATEX	C	0.01%
RRR	D	0.01%
LAUR	C	0.01%
CHCO	D	0.01%
EVCM	D	0.01%
PINC	D	0.01%
STRA	F	0.01%
OSW	C	0.01%
WERN	C	0.01%
JANX	D	0.01%
FTRE	F	0.01%
SPNS	D	0.01%
LGND	D	0.01%
RXST	D	0.01%
YY	C	0.01%
BEAM	F	0.01%
PTVE	D	0.01%
JBLU	C	0.01%
DNUT	F	0.01%
TRMK	D	0.01%
XPEL	D	0.01%
SBCF	D	0.01%
MGPI	F	0.01%
GGAL	C	0.01%
EFSC	D	0.01%
CPRX	C	0.01%
AZTA	F	0.01%
HPK	F	0.01%
STBA	D	0.01%
HRMY	B	0.01%
CLBK	D	0.01%
PTGX	C	0.01%
HURN	C	0.01%
ROCK	D	0.01%
LMAT	B	0.01%
TWST	D	0.01%
GT	F	0.01%
FFBC	D	0.01%
CMPR	F	0.01%
BANR	C	0.01%
MIRM	D	0.01%
ALHC	C	0.01%
ATRC	D	0.01%
WEN	C	0.01%
NMRK	B	0.01%
ADUS	C	0.01%
MYGN	D	0.01%
LGIH	D	0.01%
INDB	D	0.01%
MGRC	D	0.01%
MBIN	D	0.01%
FBNC	C	0.01%
ATSG	C	0.01%
ARCB	D	0.01%
VCYT	C	0.01%
KROS	C	0.01%
EWTX	C	0.01%
AMRX	C	0.01%
RBCAA	C	0.01%
VCEL	F	0.01%
NARI	F	0.01%
KYMR	C	0.01%
LIVN	D	0.01%
GOGL	C	0.01%
NBTB	D	0.01%
FROG	F	0.01%
MQ	F	0.01%
GSHD	C	0.01%
MRCY	C	0.01%
PSMT	B	0.01%
CVBF	D	0.01%
ERII	C	0.01%
SWTX	F	0.01%
PPBI	D	0.01%
IOVA	F	0.01%
SVC	F	0.01%
SKYW	C	0.01%
PLMR	C	0.01%
TXG	D	0.01%
IDYA	F	0.01%
TNDM	D	0.01%
NWE	A	0.01%
ERIC	B	0.01%
ARWR	F	0.01%
CLDX	F	0.01%
FULT	D	0.01%
AMPH	D	0.01%
FLNC	C	0.01%
GERN	D	0.01%
IOSP	F	0.01%
ZG	C	0.01%
OMCL	C	0.01%
LILAK	D	0.01%
AGIO	D	0.01%
DRVN	C	0.01%
POWL	B	0.01%
ACAD	F	0.01%
USLM	B	0.01%
CGON	C	0.01%
SNEX	C	0.01%
BHF	F	0.01%
MRUS	D	0.01%
HTLF	C	0.01%
IBTX	C	0.01%
UPST	C	0.01%
ASTE	F	0.01%
PTCT	C	0.01%
TOWN	D	0.01%
DYN	D	0.01%
TGTX	C	0.01%
FHB	D	0.01%
EXPI	C	0.01%
HUBG	C	0.01%
BZ	C	0.01%
HWKN	B	0.01%
EBC	C	0.01%
STNE	F	0.01%
ASTH	B	0.01%
QFIN	A	0.01%
RYTM	C	0.01%
URBN	F	0.01%
GH	F	0.01%
UFPT	D	0.01%
LFST	C	0.01%
ESGR	D	0.01%
OTTR	F	0.01%
SFNC	C	0.01%
PENN	D	0.01%
OZK	F	0.01%
CATY	C	0.01%
SMPL	D	0.01%
VIRT	C	0.01%
SHOO	B	0.01%
FA	B	0.01%
FIBK	C	0.01%
FTDR	B	0.01%
ARLP	B	0.01%
NPAB	D	0.01%
XENE	F	0.01%
MGEE	C	0.01%
TRMD	D	0.01%
DORM	C	0.01%
WAFD	D	0.01%
NWL	C	0.01%
WDFC	C	0.01%
IRDM	C	0.01%
ACVA	C	0.01%
WSFS	D	0.01%
JJSF	B	0.01%
NWS	D	0.01%
ICFI	C	0.01%
CCOI	C	0.01%

ONEQ Underweight 116 Positions Relative to IGM

Symbol	Grade	Weight
ORCL	B	-2.2%
CRM	C	-2.12%
ACN	C	-1.72%
IBM	B	-1.64%
NOW	C	-1.58%
ANET	C	-0.81%
APH	C	-0.65%
PLTR	C	-0.61%
MSI	B	-0.6%
FICO	B	-0.39%
TEL	D	-0.37%
IT	C	-0.32%
SNOW	F	-0.3%
DELL	C	-0.28%
HPQ	C	-0.28%
GLW	B	-0.28%
KEYS	B	-0.22%
HUBS	D	-0.22%
RBLX	C	-0.2%
HPE	C	-0.2%
TYL	C	-0.2%
NET	D	-0.2%
GDDY	C	-0.19%
TDY	B	-0.17%
PINS	D	-0.15%
DT	C	-0.13%
PSTG	F	-0.13%
GEN	A	-0.12%
GWRE	B	-0.12%
JNPR	A	-0.11%
JBL	C	-0.11%
COHR	C	-0.11%
SNAP	D	-0.09%
EPAM	F	-0.09%
ONTO	C	-0.08%
IOT	C	-0.08%
TWLO	C	-0.08%
FN	C	-0.07%
CIEN	B	-0.07%
SNX	C	-0.07%
ARW	B	-0.06%
S	D	-0.06%
SMAR	A	-0.06%
PATH	D	-0.05%
KD	F	-0.05%
ZETA	C	-0.05%
U	D	-0.05%
AZPN	B	-0.05%
PCOR	D	-0.05%
BMI	B	-0.05%
ESTC	F	-0.05%
DLB	D	-0.04%
CCCS	D	-0.04%
BDC	B	-0.04%
BOX	C	-0.04%
QTWO	C	-0.04%
VNT	F	-0.04%
BILL	D	-0.04%
SQSP	B	-0.03%
DXC	D	-0.03%
CWAN	C	-0.03%
WK	D	-0.03%
ASGN	D	-0.03%
ENV	C	-0.02%
MIR	C	-0.02%
IPGP	D	-0.02%
VYX	C	-0.02%
VSH	F	-0.02%
CALX	C	-0.02%
YELP	D	-0.02%
DV	F	-0.02%
AI	F	-0.02%
RNG	F	-0.02%
DOCN	C	-0.02%
TDC	D	-0.02%
CXT	F	-0.02%
YOU	B	-0.02%
ZI	D	-0.02%
SWI	B	-0.01%
MLNK	D	-0.01%
ZIP	D	-0.01%
PRO	F	-0.01%
SSTK	F	-0.01%
NABL	F	-0.01%
FSLY	D	-0.01%
CXM	F	-0.01%
ETWO	D	-0.01%
VSAT	F	-0.01%
ASAN	F	-0.01%
ATEN	C	-0.01%
MXL	D	-0.01%
WOLF	F	-0.01%
AVPT	C	-0.01%
ZUO	F	-0.01%
MTTR	C	-0.01%
PWSC	C	-0.01%
ADEA	C	-0.01%
IONQ	C	-0.01%
CTS	D	-0.01%
BHE	C	-0.01%
KN	D	-0.01%
TRIP	F	-0.01%
DBD	C	-0.01%
ROG	D	-0.01%
PD	F	-0.01%
RAMP	F	-0.01%
AVNW	F	-0.0%
CRSR	D	-0.0%
RBBN	D	-0.0%
TWKS	C	-0.0%
ADTN	C	-0.0%
SEMR	C	-0.0%
AAOI	D	-0.0%
CLFD	D	-0.0%
NTGR	D	-0.0%
BMBL	F	-0.0%

IGM: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Communication Equipment Information Technology Services Semiconductor Equipment & Materials Internet Content & Information Electronic Components Scientific & Technical Instruments Data Storage Contract Manufacturers Telecom Services Computer Hardware Computer Systems Business Services Capital Markets Consumer Electronics Diversified Industrials Electronic Gaming & Multimedia Electronic Gaming & Multimedia