ONEQ vs. ILCB ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to iShares Morningstar U.S. Equity ETF (ILCB)

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

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. 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 stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.93

Average Daily Volume

54,313

Number of Holdings ^*

614

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	ILCB
30 Days	1.17%	2.34%
60 Days	1.73%	4.21%
90 Days	1.97%	5.00%
12 Months	34.63%	31.15%

192 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in ILCB	Overlap
AAPL	C	11.9%	6.47%	6.47%
ABNB	D	0.18%	0.1%	0.1%
ACGL	C	0.15%	0.08%	0.08%
ADBE	F	0.84%	0.48%	0.48%
ADI	C	0.39%	0.23%	0.23%
ADP	B	0.39%	0.23%	0.23%
ADSK	C	0.19%	0.11%	0.11%
AEP	C	0.19%	0.11%	0.11%
AKAM	D	0.05%	0.03%	0.03%
ALGN	D	0.06%	0.04%	0.04%
ALNY	C	0.12%	0.07%	0.07%
AMAT	D	0.54%	0.31%	0.31%
AMD	D	0.86%	0.5%	0.5%
AMGN	B	0.62%	0.36%	0.36%
AMZN	C	6.77%	3.53%	3.53%
ANSS	D	0.09%	0.06%	0.06%
APA	F	0.03%	0.02%	0.02%
APP	C	0.11%	0.05%	0.05%
AVGO	C	2.71%	1.54%	1.54%
AXON	B	0.1%	0.05%	0.05%
BIIB	F	0.1%	0.06%	0.06%
BKNG	C	0.46%	0.27%	0.27%
BKR	C	0.12%	0.07%	0.07%
BMRN	F	0.06%	0.03%	0.03%
BRKR	D	0.03%	0.01%	0.01%
BSY	D	0.05%	0.01%	0.01%
CASY	D	0.05%	0.03%	0.03%
CDNS	D	0.25%	0.15%	0.15%
CDW	D	0.1%	0.06%	0.06%
CEG	C	0.22%	0.12%	0.12%
CELH	F	0.03%	0.01%	0.01%
CG	D	0.05%	0.02%	0.02%
CHDN	C	0.03%	0.02%	0.02%
CHK	D	0.03%	0.02%	0.02%
CHTR	D	0.17%	0.07%	0.07%
CINF	B	0.07%	0.04%	0.04%
CMCSA	D	0.54%	0.31%	0.31%
CME	C	0.28%	0.16%	0.16%
COIN	F	0.12%	0.06%	0.06%
COST	B	1.41%	0.82%	0.82%
CPB	C	0.05%	0.02%	0.02%
CPRT	D	0.17%	0.09%	0.09%
CRWD	D	0.21%	0.12%	0.12%
CSCO	C	0.7%	0.4%	0.4%
CSGP	D	0.11%	0.06%	0.06%
CSX	D	0.23%	0.13%	0.13%
CTAS	B	0.29%	0.15%	0.15%
CTSH	C	0.13%	0.08%	0.08%
DASH	C	0.17%	0.08%	0.08%
DDOG	D	0.12%	0.06%	0.06%
DKNG	C	0.06%	0.04%	0.04%
DLTR	F	0.05%	0.03%	0.03%
DOCU	C	0.04%	0.02%	0.02%
DXCM	F	0.1%	0.06%	0.06%
EA	D	0.13%	0.07%	0.07%
EBAY	B	0.11%	0.06%	0.06%
ENPH	D	0.05%	0.03%	0.03%
ENTG	F	0.06%	0.03%	0.03%
EQIX	C	0.28%	0.17%	0.17%
ERIE	B	0.09%	0.03%	0.03%
EVRG	B	0.04%	0.03%	0.03%
EXAS	C	0.04%	0.02%	0.02%
EXC	C	0.14%	0.08%	0.08%
EXPE	C	0.06%	0.03%	0.03%
FANG	D	0.11%	0.06%	0.06%
FAST	C	0.14%	0.08%	0.08%
FCNCA	D	0.09%	0.05%	0.05%
FFIV	B	0.04%	0.02%	0.02%
FITB	B	0.1%	0.06%	0.06%
FLEX	C	0.04%	0.02%	0.02%
FOX	B	0.03%	0.01%	0.01%
FOXA	B	0.03%	0.02%	0.02%
FSLR	C	0.08%	0.05%	0.05%
FTNT	C	0.2%	0.1%	0.1%
GEHC	C	0.14%	0.07%	0.07%
GILD	B	0.36%	0.21%	0.21%
GLPI	C	0.04%	0.03%	0.03%
GOOG	D	3.1%	1.67%	1.67%
GOOGL	D	3.23%	1.86%	1.86%
HBAN	B	0.07%	0.04%	0.04%
HOLX	B	0.06%	0.04%	0.04%
HON	D	0.46%	0.27%	0.27%
HOOD	C	0.06%	0.02%	0.02%
HST	C	0.04%	0.02%	0.02%
IBKR	B	0.05%	0.03%	0.03%
IDXX	C	0.14%	0.08%	0.08%
ILMN	C	0.07%	0.04%	0.04%
INCY	C	0.04%	0.02%	0.02%
INTC	F	0.29%	0.17%	0.17%
INTU	C	0.64%	0.37%	0.37%
ISRG	B	0.6%	0.35%	0.35%
JBHT	D	0.06%	0.03%	0.03%
JKHY	B	0.04%	0.03%	0.03%
KDP	B	0.17%	0.08%	0.08%
KHC	C	0.15%	0.06%	0.06%
KLAC	D	0.35%	0.2%	0.2%
LECO	F	0.03%	0.02%	0.02%
LIN	B	0.78%	0.45%	0.45%
LKQ	F	0.03%	0.02%	0.02%
LNT	B	0.05%	0.03%	0.03%
LPLA	D	0.06%	0.03%	0.03%
LRCX	F	0.35%	0.2%	0.2%
LULU	D	0.11%	0.06%	0.06%
MANH	B	0.05%	0.03%	0.03%
MAR	C	0.23%	0.11%	0.11%
MCHP	F	0.14%	0.08%	0.08%
MDB	D	0.08%	0.04%	0.04%
MDLZ	B	0.35%	0.2%	0.2%
MEDP	F	0.04%	0.02%	0.02%
MELI	B	0.38%	0.21%	0.21%
META	B	4.01%	2.32%	2.32%
MNST	D	0.18%	0.08%	0.08%
MORN	C	0.05%	0.02%	0.02%
MPWR	C	0.15%	0.09%	0.09%
MRNA	F	0.09%	0.05%	0.05%
MRVL	C	0.22%	0.13%	0.13%
MSFT	C	11.17%	6.45%	6.45%
MSTR	D	0.08%	0.04%	0.04%
MU	F	0.35%	0.2%	0.2%
NBIX	F	0.04%	0.02%	0.02%
NDAQ	A	0.15%	0.06%	0.06%
NDSN	C	0.05%	0.03%	0.03%
NFLX	B	1.04%	0.61%	0.61%
NTAP	D	0.08%	0.05%	0.05%
NTNX	C	0.05%	0.03%	0.03%
NTRA	C	0.06%	0.03%	0.03%
NTRS	A	0.06%	0.04%	0.04%
NVDA	D	10.22%	5.72%	5.72%
NWS	D	0.01%	0.01%	0.01%
NWSA	D	0.03%	0.02%	0.02%
NXPI	F	0.2%	0.12%	0.12%
ODFL	D	0.15%	0.07%	0.07%
OKTA	F	0.04%	0.02%	0.02%
ON	D	0.1%	0.06%	0.06%
ORLY	C	0.23%	0.13%	0.13%
PANW	D	0.39%	0.23%	0.23%
PAYX	C	0.17%	0.09%	0.09%
PCAR	D	0.17%	0.1%	0.1%
PEP	C	0.85%	0.49%	0.49%
PFG	B	0.06%	0.04%	0.04%
PODD	B	0.06%	0.03%	0.03%
POOL	C	0.05%	0.03%	0.03%
PTC	D	0.07%	0.04%	0.04%
PYPL	B	0.25%	0.15%	0.15%
QCOM	D	0.65%	0.38%	0.38%
QRVO	F	0.03%	0.02%	0.02%
REG	C	0.05%	0.03%	0.03%
REGN	C	0.43%	0.25%	0.25%
ROP	C	0.2%	0.12%	0.12%
ROST	C	0.18%	0.1%	0.1%
RPRX	C	0.04%	0.02%	0.02%
SAIA	D	0.04%	0.02%	0.02%
SBAC	C	0.09%	0.05%	0.05%
SBUX	C	0.39%	0.23%	0.23%
SMCI	F	0.09%	0.05%	0.05%
SNPS	D	0.26%	0.15%	0.15%
SRPT	D	0.04%	0.02%	0.02%
SSNC	B	0.06%	0.03%	0.03%
STLD	F	0.06%	0.03%	0.03%
STX	C	0.08%	0.04%	0.04%
SWKS	D	0.05%	0.03%	0.03%
TEAM	D	0.09%	0.05%	0.05%
TECH	C	0.04%	0.02%	0.02%
TER	D	0.07%	0.04%	0.04%
TMUS	C	0.83%	0.16%	0.16%
TRMB	C	0.05%	0.03%	0.03%
TROW	D	0.08%	0.05%	0.05%
TSCO	C	0.11%	0.06%	0.06%
TSLA	C	2.56%	1.29%	1.29%
TTD	B	0.16%	0.1%	0.1%
TTEK	C	0.04%	0.02%	0.02%
TTWO	C	0.09%	0.05%	0.05%
TW	B	0.05%	0.03%	0.03%
TXN	C	0.63%	0.37%	0.37%
UAL	C	0.06%	0.03%	0.03%
ULTA	D	0.06%	0.04%	0.04%
UTHR	C	0.05%	0.03%	0.03%
VRSK	D	0.13%	0.08%	0.08%
VRSN	D	0.06%	0.03%	0.03%
VRTX	D	0.43%	0.25%	0.25%
VTRS	D	0.05%	0.03%	0.03%
WBA	F	0.03%	0.01%	0.01%
WBD	D	0.07%	0.04%	0.04%
WDAY	D	0.18%	0.11%	0.11%
WDC	D	0.08%	0.04%	0.04%
WING	B	0.04%	0.02%	0.02%
WTW	C	0.1%	0.06%	0.06%
WYNN	D	0.03%	0.02%	0.02%
XEL	B	0.13%	0.07%	0.07%
ZBRA	B	0.06%	0.03%	0.03%
ZM	C	0.06%	0.03%	0.03%
ZS	F	0.09%	0.03%	0.03%

ONEQ Overweight 632 Positions Relative to ILCB

Symbol	Grade	Weight
ASML	F	0.26%
PDD	F	0.22%
AZN	D	0.16%
CCEP	B	0.13%
SMMT	C	0.09%
GFS	F	0.08%
ICLR	D	0.08%
CHKP	B	0.07%
SNY	B	0.06%
ARM	D	0.06%
ARGX	C	0.06%
JD	C	0.05%
GRAB	C	0.05%
BNTX	C	0.05%
LOGI	D	0.05%
PCVX	C	0.05%
RIVN	F	0.05%
TCOM	C	0.05%
HAS	B	0.04%
NTES	F	0.04%
LAMR	B	0.04%
PPC	D	0.04%
Z	B	0.04%
RGLD	C	0.04%
EWBC	D	0.04%
MKTX	C	0.04%
CHRW	B	0.04%
COKE	C	0.04%
SFM	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%
MNDY	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%
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%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
HSIC	C	0.03%
SPSC	D	0.03%
MTSI	D	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%
CBSH	C	0.03%
WIX	D	0.03%
SEIC	C	0.03%
OTEX	D	0.03%
OLED	C	0.03%
SOFI	C	0.03%
ROKU	C	0.03%
PCTY	C	0.03%
DOX	C	0.03%
LNW	B	0.03%
WWD	D	0.03%
MTCH	C	0.03%
BGNE	C	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%
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 422 Positions Relative to ILCB

Symbol	Grade	Weight
BRK.A	C	-1.63%
LLY	C	-1.58%
JPM	D	-1.18%
UNH	C	-1.1%
XOM	C	-1.01%
V	C	-0.91%
PG	C	-0.83%
MA	B	-0.82%
JNJ	C	-0.8%
HD	B	-0.76%
WMT	C	-0.71%
ABBV	C	-0.69%
MRK	D	-0.59%
KO	C	-0.56%
BAC	D	-0.53%
ORCL	C	-0.52%
CVX	D	-0.49%
CRM	D	-0.48%
TMO	B	-0.47%
ACN	C	-0.44%
MCD	B	-0.43%
ABT	C	-0.41%
IBM	B	-0.4%
GE	B	-0.39%
PM	C	-0.39%
VZ	B	-0.38%
WFC	D	-0.37%
DHR	B	-0.37%
NOW	B	-0.36%
NEE	C	-0.35%
CAT	B	-0.34%
SPGI	B	-0.33%
DIS	D	-0.33%
PFE	C	-0.33%
RTX	C	-0.32%
UNP	C	-0.31%
T	C	-0.31%
GS	C	-0.31%
AXP	B	-0.3%
PGR	B	-0.3%
LOW	B	-0.29%
UBER	C	-0.29%
BLK	B	-0.27%
SYK	C	-0.27%
TJX	B	-0.27%
ELV	C	-0.26%
ETN	C	-0.25%
BSX	B	-0.25%
MS	D	-0.25%
CB	B	-0.24%
MDT	C	-0.24%
PLD	C	-0.24%
COP	D	-0.24%
LMT	C	-0.24%
MMC	C	-0.23%
BX	B	-0.22%
C	C	-0.22%
AMT	C	-0.22%
FI	A	-0.21%
CI	C	-0.21%
SO	B	-0.2%
DE	B	-0.2%
BMY	C	-0.2%
ANET	B	-0.19%
ICE	C	-0.19%
NKE	D	-0.19%
UPS	D	-0.19%
BA	F	-0.19%
CL	D	-0.18%
ZTS	C	-0.18%
SHW	B	-0.18%
SCHW	D	-0.18%
DUK	C	-0.18%
MO	C	-0.18%
TT	B	-0.17%
NOC	B	-0.16%
WELL	C	-0.16%
KKR	B	-0.16%
CVS	D	-0.15%
MSI	B	-0.15%
MMM	B	-0.15%
ITW	C	-0.15%
AON	B	-0.15%
MCO	B	-0.15%
PH	B	-0.15%
APH	D	-0.15%
CMG	C	-0.15%
TDG	B	-0.15%
HCA	B	-0.15%
WM	D	-0.15%
MCK	F	-0.14%
BDX	D	-0.14%
EOG	D	-0.14%
USB	B	-0.14%
GD	B	-0.14%
TGT	C	-0.14%
PNC	B	-0.14%
PLTR	B	-0.14%
APD	B	-0.13%
ECL	B	-0.13%
CARR	B	-0.13%
AJG	D	-0.13%
FDX	C	-0.13%
SLB	F	-0.12%
MPC	F	-0.12%
EMR	D	-0.12%
DHI	B	-0.12%
CRH	B	-0.12%
FCX	D	-0.12%
GEV	B	-0.12%
NEM	B	-0.12%
SRE	C	-0.11%
GM	C	-0.11%
COF	B	-0.11%
HLT	B	-0.11%
OKE	B	-0.11%
PSX	F	-0.11%
AZO	D	-0.11%
TRV	C	-0.11%
O	C	-0.11%
WMB	B	-0.11%
NSC	C	-0.11%
TFC	C	-0.11%
AFL	C	-0.11%
PSA	B	-0.11%
FIS	B	-0.1%
URI	B	-0.1%
AIG	D	-0.1%
KMB	D	-0.1%
D	C	-0.1%
JCI	B	-0.1%
ALL	B	-0.1%
SPG	B	-0.1%
BK	B	-0.1%
CCI	C	-0.1%
DLR	B	-0.1%
LHX	C	-0.09%
VLO	F	-0.09%
IQV	C	-0.09%
AMP	A	-0.09%
GWW	B	-0.09%
LEN	B	-0.09%
TEL	D	-0.09%
MSCI	C	-0.09%
MET	B	-0.09%
APO	C	-0.09%
FICO	B	-0.09%
EXR	B	-0.08%
YUM	D	-0.08%
EFX	B	-0.08%
KR	C	-0.08%
SYY	D	-0.08%
OTIS	C	-0.08%
HUM	F	-0.08%
AME	C	-0.08%
HWM	B	-0.08%
PWR	B	-0.08%
RCL	B	-0.08%
CTVA	B	-0.08%
IT	B	-0.08%
FERG	D	-0.08%
A	C	-0.08%
CNC	D	-0.08%
KVUE	C	-0.08%
LNG	C	-0.08%
STZ	D	-0.08%
CMI	C	-0.08%
COR	D	-0.08%
EW	F	-0.08%
KMI	B	-0.08%
F	F	-0.08%
PEG	B	-0.08%
GIS	B	-0.08%
RSG	D	-0.08%
PRU	C	-0.08%
PCG	C	-0.08%
VEEV	C	-0.07%
MLM	D	-0.07%
TRGP	B	-0.07%
EIX	C	-0.07%
HPQ	D	-0.07%
DFS	B	-0.07%
GLW	C	-0.07%
AVB	B	-0.07%
HIG	B	-0.07%
DD	B	-0.07%
IRM	C	-0.07%
NUE	F	-0.07%
DOW	D	-0.07%
VICI	C	-0.07%
SQ	D	-0.07%
HES	F	-0.07%
ED	C	-0.07%
CBRE	A	-0.07%
IR	C	-0.07%
RMD	C	-0.07%
SNOW	F	-0.07%
VST	C	-0.06%
CAH	C	-0.06%
GPN	D	-0.06%
MTB	B	-0.06%
NVR	B	-0.06%
CPNG	B	-0.06%
AWK	B	-0.06%
DAL	C	-0.06%
PHM	B	-0.06%
WAB	B	-0.06%
ADM	D	-0.06%
HSY	C	-0.06%
MTD	D	-0.06%
PPG	D	-0.06%
DELL	D	-0.06%
WEC	C	-0.06%
ROK	D	-0.06%
VRT	C	-0.06%
VMC	D	-0.06%
XYL	C	-0.06%
OXY	F	-0.06%
AEE	C	-0.05%
HPE	D	-0.05%
SW	B	-0.05%
RJF	C	-0.05%
FE	C	-0.05%
BLDR	C	-0.05%
WY	C	-0.05%
PPL	C	-0.05%
ES	C	-0.05%
NET	D	-0.05%
DECK	C	-0.05%
RBLX	B	-0.05%
LYB	D	-0.05%
TYL	C	-0.05%
STE	C	-0.05%
HAL	F	-0.05%
DVN	F	-0.05%
BR	D	-0.05%
STT	A	-0.05%
HUBS	D	-0.05%
BRO	C	-0.05%
DOV	B	-0.05%
FTV	C	-0.05%
CHD	D	-0.05%
DTE	C	-0.05%
VLTO	C	-0.05%
VTR	C	-0.05%
GRMN	D	-0.05%
KEYS	C	-0.05%
IFF	B	-0.05%
EQR	B	-0.05%
ARES	B	-0.05%
ETR	B	-0.05%
WSM	D	-0.04%
AVY	C	-0.04%
BURL	B	-0.04%
CNP	C	-0.04%
MAS	B	-0.04%
AVTR	B	-0.04%
J	C	-0.04%
WRB	C	-0.04%
SUI	B	-0.04%
CFG	C	-0.04%
DG	F	-0.04%
EME	B	-0.04%
EQT	D	-0.04%
PKG	B	-0.04%
LH	C	-0.04%
LII	B	-0.04%
SYF	C	-0.04%
MAA	B	-0.04%
BBY	C	-0.04%
GPC	D	-0.04%
ARE	C	-0.04%
TRU	B	-0.04%
OMC	B	-0.04%
DRI	B	-0.04%
WAT	C	-0.04%
EL	F	-0.04%
CSL	B	-0.04%
BAH	C	-0.04%
ESS	B	-0.04%
TDY	B	-0.04%
MKL	C	-0.04%
BAX	C	-0.04%
GDDY	C	-0.04%
RF	B	-0.04%
LDOS	B	-0.04%
ATO	B	-0.04%
BALL	C	-0.04%
MOH	D	-0.04%
CLX	C	-0.04%
CMS	C	-0.04%
INVH	C	-0.04%
MKC	C	-0.04%
CPAY	B	-0.04%
K	B	-0.04%
HUBB	B	-0.04%
ZBH	F	-0.04%
WST	D	-0.04%
COO	B	-0.04%
JBL	D	-0.03%
ALLE	B	-0.03%
CLH	A	-0.03%
FIX	B	-0.03%
BLD	D	-0.03%
BXP	B	-0.03%
SJM	C	-0.03%
DKS	D	-0.03%
JNPR	B	-0.03%
XPO	D	-0.03%
AES	C	-0.03%
RNR	C	-0.03%
CE	F	-0.03%
ACM	B	-0.03%
AMH	C	-0.03%
USFD	B	-0.03%
ELS	C	-0.03%
CPT	B	-0.03%
UHS	B	-0.03%
WPC	C	-0.03%
FNF	B	-0.03%
GGG	C	-0.03%
DT	C	-0.03%
UDR	C	-0.03%
RGA	C	-0.03%
BG	D	-0.03%
DPZ	F	-0.03%
CF	C	-0.03%
LYV	B	-0.03%
SNA	C	-0.03%
MRO	C	-0.03%
L	C	-0.03%
OC	D	-0.03%
ROL	C	-0.03%
PSTG	F	-0.03%
RVTY	B	-0.03%
IEX	D	-0.03%
KEY	B	-0.03%
NI	B	-0.03%
CAG	C	-0.03%
PNR	B	-0.03%
TOL	B	-0.03%
RPM	B	-0.03%
GEN	B	-0.03%
TPL	B	-0.03%
HEI	B	-0.03%
RS	D	-0.03%
AMCR	B	-0.03%
SWK	B	-0.03%
THC	A	-0.03%
DOC	C	-0.03%
KIM	C	-0.03%
LVS	D	-0.03%
WSO	C	-0.03%
EG	C	-0.03%
FWONK	C	-0.03%
APTV	D	-0.03%
TXT	D	-0.03%
IP	B	-0.03%
FDS	C	-0.03%
NRG	C	-0.03%
EXPD	C	-0.03%
CTRA	D	-0.03%
PINS	F	-0.03%
CCL	C	-0.03%
TSN	C	-0.03%
LUV	C	-0.03%
DGX	B	-0.03%
ACI	F	-0.02%
DINO	F	-0.02%
AR	F	-0.02%
UNM	B	-0.02%
DVA	B	-0.02%
PAYC	D	-0.02%
MOS	F	-0.02%
MGM	F	-0.02%
ALLY	F	-0.02%
LW	D	-0.02%
DAY	D	-0.02%
CNH	D	-0.02%
HRL	C	-0.02%
AOS	D	-0.02%
WTRG	D	-0.02%
SOLV	C	-0.02%
TAP	D	-0.02%
TWLO	D	-0.02%
BJ	D	-0.02%
AFG	B	-0.02%
CRL	F	-0.02%
ALB	D	-0.02%
SNAP	F	-0.02%
HII	D	-0.02%
RRX	C	-0.02%
OVV	F	-0.02%
WMS	D	-0.02%
NVT	D	-0.02%
HEI	B	-0.02%
CCK	A	-0.02%
EQH	C	-0.02%
EPAM	F	-0.02%
PFGC	B	-0.02%
IPG	C	-0.02%
TFX	C	-0.02%
SCI	B	-0.02%
FND	C	-0.02%
EMN	B	-0.02%
KMX	D	-0.02%
PAG	D	-0.01%
COTY	F	-0.01%
WLK	D	-0.01%
PCOR	F	-0.01%
BEN	F	-0.01%
SNX	D	-0.01%
U	D	-0.01%
SIRI	C	-0.01%
AZPN	B	-0.01%
UHAL	A	-0.01%
CNM	F	-0.01%
UHAL	A	-0.0%
ALAB	D	-0.0%
LEN	B	-0.0%
FWONA	C	-0.0%
AGR	B	-0.0%