ONEQ vs. IWP ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to iShares Russell Midcap Growth ETF (IWP)

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

$74.95

Average Daily Volume

238,552

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. 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. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	IWP
30 Days	4.10%	12.16%
60 Days	5.77%	14.69%
90 Days	6.51%	17.57%
12 Months	33.93%	40.60%

109 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in IWP	Overlap
AAL	B	0.03%	0.02%	0.02%
AAON	B	0.04%	0.3%	0.04%
ALGN	D	0.06%	0.32%	0.06%
ALNY	D	0.1%	0.86%	0.1%
APLS	D	0.01%	0.09%	0.01%
APP	B	0.28%	2.49%	0.28%
APPF	B	0.02%	0.17%	0.02%
AXON	A	0.14%	1.41%	0.14%
BPOP	B	0.02%	0.02%	0.02%
BRKR	D	0.03%	0.12%	0.03%
BSY	D	0.05%	0.21%	0.05%
CACC	D	0.02%	0.07%	0.02%
CAR	C	0.01%	0.02%	0.01%
CASY	A	0.05%	0.08%	0.05%
CDW	F	0.08%	0.39%	0.08%
CELH	F	0.02%	0.15%	0.02%
CFLT	B	0.02%	0.22%	0.02%
CGNX	C	0.02%	0.01%	0.01%
CHDN	B	0.03%	0.32%	0.03%
COIN	C	0.21%	1.65%	0.21%
CROX	D	0.02%	0.03%	0.02%
DBX	B	0.02%	0.06%	0.02%
DDOG	A	0.13%	1.23%	0.13%
DJT	C	0.02%	0.03%	0.02%
DKNG	B	0.06%	0.59%	0.06%
DOCU	A	0.05%	0.52%	0.05%
DUOL	A	0.04%	0.37%	0.04%
DXCM	D	0.1%	0.99%	0.1%
ENPH	F	0.03%	0.26%	0.03%
ENTG	D	0.05%	0.48%	0.05%
ETSY	D	0.02%	0.12%	0.02%
EXAS	D	0.03%	0.12%	0.03%
EXEL	B	0.04%	0.27%	0.04%
EXPE	B	0.07%	0.75%	0.07%
FAST	B	0.16%	1.29%	0.16%
FIVE	F	0.02%	0.12%	0.02%
FIVN	C	0.01%	0.09%	0.01%
FRPT	B	0.02%	0.07%	0.02%
FTRE	D	0.01%	0.01%	0.01%
GEHC	F	0.12%	0.11%	0.11%
GTLB	B	0.03%	0.23%	0.03%
HAS	D	0.03%	0.25%	0.03%
HCP	B	0.01%	0.12%	0.01%
IDXX	F	0.11%	1.13%	0.11%
INCY	C	0.05%	0.02%	0.02%
IONS	F	0.02%	0.16%	0.02%
IRDM	D	0.01%	0.01%	0.01%
ITCI	C	0.03%	0.28%	0.03%
LAMR	D	0.03%	0.09%	0.03%
LBRDA	C	0.01%	0.01%	0.01%
LBRDK	C	0.04%	0.08%	0.04%
LECO	B	0.04%	0.1%	0.04%
LNW	D	0.03%	0.27%	0.03%
LOPE	B	0.02%	0.05%	0.02%
LPLA	A	0.08%	0.76%	0.08%
LSCC	D	0.02%	0.19%	0.02%
LYFT	C	0.02%	0.15%	0.02%
MANH	D	0.06%	0.54%	0.06%
MASI	A	0.03%	0.12%	0.03%
MDB	C	0.07%	0.64%	0.07%
MEDP	D	0.03%	0.26%	0.03%
MKSI	C	0.02%	0.01%	0.01%
MORN	B	0.05%	0.29%	0.05%
MPWR	F	0.09%	0.88%	0.09%
MSTR	C	0.2%	0.11%	0.11%
NBIX	C	0.04%	0.38%	0.04%
NCNO	B	0.02%	0.07%	0.02%
NTAP	C	0.08%	0.35%	0.08%
NTNX	A	0.06%	0.16%	0.06%
NTRA	B	0.06%	0.54%	0.06%
NXST	C	0.02%	0.06%	0.02%
ODFL	B	0.15%	1.38%	0.15%
OKTA	C	0.04%	0.17%	0.04%
OLED	D	0.02%	0.13%	0.02%
PAYX	C	0.17%	0.54%	0.17%
PCTY	B	0.04%	0.28%	0.04%
PEGA	A	0.03%	0.13%	0.03%
PODD	C	0.06%	0.59%	0.06%
POOL	C	0.04%	0.44%	0.04%
PPC	C	0.04%	0.01%	0.01%
PTC	A	0.07%	0.45%	0.07%
PYCR	C	0.01%	0.0%	0.0%
RARE	D	0.01%	0.13%	0.01%
RGEN	D	0.02%	0.03%	0.02%
ROKU	D	0.03%	0.04%	0.03%
ROST	C	0.15%	0.35%	0.15%
SAIA	B	0.05%	0.26%	0.05%
SMCI	F	0.04%	0.3%	0.04%
SOFI	A	0.05%	0.07%	0.05%
SRPT	D	0.03%	0.31%	0.03%
TER	D	0.06%	0.48%	0.06%
TPG	A	0.02%	0.04%	0.02%
TSCO	D	0.1%	0.97%	0.1%
TTD	B	0.17%	1.7%	0.17%
TTEK	F	0.04%	0.08%	0.04%
TW	A	0.05%	0.19%	0.05%
TXG	F	0.01%	0.03%	0.01%
TXRH	C	0.04%	0.43%	0.04%
ULTA	F	0.05%	0.49%	0.05%
VKTX	F	0.02%	0.17%	0.02%
VRSK	A	0.13%	1.3%	0.13%
VRSN	F	0.06%	0.03%	0.03%
WEN	D	0.01%	0.05%	0.01%
WFRD	D	0.02%	0.19%	0.02%
WING	D	0.03%	0.3%	0.03%
WSC	D	0.02%	0.06%	0.02%
WYNN	D	0.03%	0.02%	0.02%
ZBRA	B	0.07%	0.14%	0.07%
ZS	C	0.1%	0.6%	0.1%

ONEQ Overweight 721 Positions Relative to IWP

Symbol	Grade	Weight
NVDA	C	11.52%
AAPL	C	11.32%
MSFT	F	10.23%
AMZN	C	7.05%
META	D	4.0%
TSLA	B	3.4%
GOOGL	C	3.35%
GOOG	C	3.22%
AVGO	D	2.53%
COST	B	1.33%
NFLX	A	1.17%
TMUS	B	0.89%
CSCO	B	0.76%
ADBE	C	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	D	0.69%
INTU	C	0.63%
ISRG	A	0.61%
QCOM	F	0.59%
TXN	C	0.59%
BKNG	A	0.54%
CMCSA	B	0.54%
AMGN	D	0.5%
HON	B	0.49%
AMAT	F	0.46%
PANW	C	0.41%
ADP	B	0.4%
VRTX	F	0.39%
SBUX	A	0.37%
GILD	C	0.36%
INTC	D	0.35%
MU	D	0.35%
ADI	D	0.34%
MELI	D	0.32%
LRCX	F	0.3%
PYPL	B	0.29%
EQIX	A	0.28%
MDLZ	F	0.28%
CTAS	B	0.27%
REGN	F	0.27%
KLAC	D	0.27%
CME	A	0.27%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	B	0.26%
MRVL	B	0.25%
MAR	B	0.25%
PDD	F	0.25%
FTNT	C	0.24%
CEG	D	0.23%
ORLY	B	0.23%
DASH	A	0.22%
ASML	F	0.21%
ADSK	A	0.21%
CSX	B	0.21%
CHTR	C	0.19%
ABNB	C	0.19%
ROP	B	0.19%
PCAR	B	0.19%
CPRT	A	0.18%
NXPI	D	0.18%
WDAY	B	0.18%
FANG	D	0.17%
MNST	C	0.17%
AEP	D	0.16%
NDAQ	A	0.15%
EA	A	0.14%
KDP	D	0.14%
BKR	B	0.14%
CTSH	B	0.13%
EXC	C	0.13%
TEAM	A	0.13%
ACGL	D	0.13%
XEL	A	0.13%
AZN	D	0.12%
KHC	F	0.12%
LULU	C	0.12%
WTW	B	0.11%
MCHP	D	0.11%
CCEP	C	0.11%
UAL	A	0.1%
ON	D	0.1%
FCNCA	A	0.1%
CSGP	D	0.1%
EBAY	D	0.1%
TTWO	A	0.1%
ANSS	B	0.09%
FITB	A	0.09%
GFS	C	0.08%
WBD	C	0.08%
TCOM	B	0.08%
SBAC	D	0.08%
BIIB	F	0.08%
HBAN	A	0.08%
TROW	B	0.08%
HOOD	B	0.08%
ERIE	D	0.07%
FSLR	F	0.07%
IBKR	A	0.07%
STX	D	0.07%
ZM	B	0.07%
WDC	D	0.07%
NTRS	A	0.07%
STLD	B	0.07%
CINF	A	0.07%
ILMN	D	0.07%
HOLX	D	0.06%
SSNC	B	0.06%
TRMB	B	0.06%
JD	D	0.06%
GEN	B	0.06%
JBHT	C	0.06%
CG	A	0.06%
ARGX	A	0.06%
GRAB	B	0.06%
CHKP	D	0.06%
PFG	D	0.06%
NDSN	B	0.05%
EWBC	A	0.05%
MRNA	F	0.05%
SNY	F	0.05%
SFM	A	0.05%
LNT	A	0.05%
VTRS	A	0.05%
AFRM	B	0.05%
FLEX	A	0.05%
ICLR	D	0.05%
UTHR	C	0.05%
ARM	D	0.05%
MKTX	D	0.04%
RIVN	F	0.04%
SEIC	B	0.04%
TECH	D	0.04%
HST	C	0.04%
NWSA	B	0.04%
NTES	D	0.04%
RPRX	D	0.04%
JKHY	D	0.04%
PAA	B	0.04%
GLPI	C	0.04%
RKLB	B	0.04%
CHRW	C	0.04%
BMRN	D	0.04%
BIDU	F	0.04%
LOGI	D	0.04%
FFIV	B	0.04%
SWKS	F	0.04%
MNDY	C	0.04%
Z	A	0.04%
CPB	D	0.04%
SMMT	D	0.04%
CYBR	B	0.04%
AKAM	D	0.04%
REG	B	0.04%
EVRG	A	0.04%
DLTR	F	0.04%
CZR	F	0.03%
CVLT	B	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
HSIC	B	0.03%
CSWI	A	0.03%
ZION	B	0.03%
COLB	A	0.03%
CHRD	D	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
APA	D	0.03%
OTEX	D	0.03%
FRHC	B	0.03%
ROIV	C	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	C	0.03%
FOX	A	0.03%
HQY	B	0.03%
PARA	C	0.03%
DOX	D	0.03%
FYBR	D	0.03%
LKQ	D	0.03%
BGNE	D	0.03%
RVMD	C	0.03%
FUTU	D	0.03%
PCVX	D	0.03%
INSM	C	0.03%
MTSI	B	0.03%
WWD	B	0.03%
FOXA	B	0.03%
BNTX	D	0.03%
COKE	C	0.03%
CBSH	A	0.03%
RGLD	C	0.03%
WIX	B	0.03%
WTFC	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	B	0.02%
VERX	B	0.02%
GSHD	A	0.02%
OZK	B	0.02%
VIRT	B	0.02%
WDFC	B	0.02%
VRRM	D	0.02%
WBA	F	0.02%
TBBK	B	0.02%
GH	B	0.02%
TGTX	B	0.02%
FTDR	A	0.02%
WSFS	A	0.02%
AUR	C	0.02%
CCOI	B	0.02%
GLNG	C	0.02%
QFIN	B	0.02%
MGEE	C	0.02%
FRSH	C	0.02%
ALGM	D	0.02%
IPAR	B	0.02%
CVCO	A	0.02%
SKYW	B	0.02%
PI	D	0.02%
CATY	B	0.02%
BLKB	B	0.02%
AEIS	B	0.02%
KRYS	B	0.02%
KTOS	B	0.02%
DORM	B	0.02%
NWS	B	0.02%
LI	F	0.02%
ALKT	B	0.02%
CHCI	D	0.02%
NWL	B	0.02%
COLM	B	0.02%
BBIO	F	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
VICR	B	0.02%
BANF	B	0.02%
LANC	C	0.02%
RUSHA	C	0.02%
LNTH	D	0.02%
ICUI	D	0.02%
TFSL	A	0.02%
SBRA	C	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
BPMC	C	0.02%
BGC	C	0.02%
CALM	A	0.02%
PAYO	A	0.02%
TCBI	B	0.02%
ALKS	B	0.02%
IEP	F	0.02%
WMG	C	0.02%
CRUS	D	0.02%
VCTR	B	0.02%
ROAD	A	0.02%
PECO	A	0.02%
SANM	B	0.02%
EEFT	B	0.02%
PLXS	B	0.02%
IBOC	A	0.02%
INTA	A	0.02%
TIGO	D	0.02%
LSTR	D	0.02%
NUVL	D	0.02%
USLM	A	0.02%
PRCT	B	0.02%
ITRI	B	0.02%
QLYS	C	0.02%
EXPO	D	0.02%
HALO	F	0.02%
ONB	B	0.02%
BECN	B	0.02%
STEP	B	0.02%
FELE	B	0.02%
CYTK	F	0.02%
RMBS	C	0.02%
VRNS	D	0.02%
COOP	B	0.02%
TENB	C	0.02%
VLY	B	0.02%
SITM	B	0.02%
CHX	C	0.02%
AGNC	D	0.02%
LCID	F	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	C	0.02%
SLM	A	0.02%
AMKR	D	0.02%
CWST	A	0.02%
REYN	D	0.02%
MMSI	B	0.02%
HTHT	D	0.02%
MARA	C	0.02%
ACT	D	0.02%
AVAV	D	0.02%
RDNT	B	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	F	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
STRL	B	0.02%
ACIW	B	0.02%
RCM	F	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
CORT	B	0.02%
SIGI	C	0.02%
QRVO	F	0.02%
IESC	B	0.02%
UMBF	B	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
ENSG	D	0.02%
XP	F	0.02%
CRVL	A	0.02%
UFPI	B	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
MIDD	C	0.02%
SPSC	C	0.02%
JAZZ	B	0.02%
ASND	D	0.02%
FFIN	B	0.02%
COLL	F	0.01%
SRAD	A	0.01%
BFST	C	0.01%
AMWD	C	0.01%
KRUS	B	0.01%
ODP	F	0.01%
WOOF	D	0.01%
BLMN	F	0.01%
PGNY	F	0.01%
LQDA	D	0.01%
PSNY	F	0.01%
GRFS	C	0.01%
JACK	D	0.01%
IQ	F	0.01%
CNTA	B	0.01%
BCYC	F	0.01%
BLBD	D	0.01%
GSM	D	0.01%
CNSL	C	0.01%
SAVA	D	0.01%
MOMO	D	0.01%
EBTC	B	0.01%
EMBC	C	0.01%
GDEN	B	0.01%
GIII	D	0.01%
IMKTA	C	0.01%
BVS	D	0.01%
LILAK	D	0.01%
TRS	B	0.01%
COGT	D	0.01%
MATW	C	0.01%
EYE	C	0.01%
BCBP	A	0.01%
CLOV	D	0.01%
MYGN	F	0.01%
RCKT	F	0.01%
SDGR	C	0.01%
BMBL	C	0.01%
TRNS	D	0.01%
MGPI	F	0.01%
ARDX	F	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TTGT	C	0.01%
TRDA	B	0.01%
STAA	F	0.01%
ASTL	B	0.01%
KC	A	0.01%
VRNT	C	0.01%
HROW	D	0.01%
NSSC	D	0.01%
VITL	D	0.01%
SPRY	D	0.01%
AOSL	C	0.01%
THRM	D	0.01%
IRON	B	0.01%
TLRY	F	0.01%
PLAY	D	0.01%
SCVL	F	0.01%
OPK	C	0.01%
CBRL	C	0.01%
NVEE	F	0.01%
AMED	F	0.01%
ISTR	B	0.01%
COHU	C	0.01%
TH	C	0.01%
IMCR	D	0.01%
PLYA	B	0.01%
FFIC	B	0.01%
VIR	D	0.01%
AVAH	B	0.01%
WASH	C	0.01%
GLUE	C	0.01%
PDFS	C	0.01%
OLPX	D	0.01%
HTLD	B	0.01%
IBUY	A	0.01%
KURA	F	0.01%
CLDX	F	0.01%
ANIP	F	0.01%
CEVA	B	0.01%
VECO	F	0.01%
FWRD	D	0.01%
MLCO	F	0.01%
HAFC	A	0.01%
RNW	D	0.01%
AVO	C	0.01%
SPT	C	0.01%
CMCO	B	0.01%
KALU	C	0.01%
FWRG	C	0.01%
CNDT	C	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	C	0.01%
FLYW	C	0.01%
DOOO	F	0.01%
PFC	A	0.01%
SOUN	C	0.01%
DAWN	F	0.01%
UCTT	D	0.01%
TNDM	F	0.01%
SNDX	F	0.01%
MRTN	C	0.01%
SIMO	D	0.01%
UDMY	F	0.01%
WB	D	0.01%
SABR	C	0.01%
AHCO	F	0.01%
HLIT	D	0.01%
SPNS	F	0.01%
INMD	C	0.01%
PLAB	C	0.01%
KRNT	C	0.01%
RDWR	B	0.01%
TVTX	B	0.01%
DLO	C	0.01%
XRX	F	0.01%
SCSC	B	0.01%
NAVI	C	0.01%
INFN	C	0.01%
INVA	D	0.01%
UNIT	B	0.01%
PDCO	D	0.01%
ECPG	B	0.01%
HBNC	B	0.01%
CRAI	B	0.01%
CENTA	C	0.01%
ARVN	D	0.01%
MBUU	C	0.01%
QNST	B	0.01%
WABC	B	0.01%
SAFT	C	0.01%
ANDE	D	0.01%
ACLS	F	0.01%
IAS	C	0.01%
MCRI	A	0.01%
ATEX	D	0.01%
WINA	B	0.01%
ENVX	F	0.01%
HAIN	C	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	D	0.01%
NVCR	C	0.01%
RXST	F	0.01%
CRTO	C	0.01%
NEO	C	0.01%
AMSF	B	0.01%
FA	C	0.01%
PEBO	A	0.01%
MSEX	B	0.01%
PFBC	B	0.01%
TCBK	B	0.01%
ULH	B	0.01%
NEXT	B	0.01%
AKRO	B	0.01%
AZTA	D	0.01%
GDYN	B	0.01%
UPBD	B	0.01%
PAGP	A	0.01%
AXNX	C	0.01%
AUPH	B	0.01%
CNXN	C	0.01%
SBLK	F	0.01%
DGII	B	0.01%
CSGS	B	0.01%
HRMY	D	0.01%
MNKD	C	0.01%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	F	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	A	0.01%
LBPH	A	0.01%
APOG	B	0.01%
VC	D	0.01%
MLKN	D	0.01%
PTGX	C	0.01%
AY	B	0.01%
ATSG	B	0.01%
DVAX	C	0.01%
TARS	B	0.01%
BUSE	B	0.01%
DNUT	D	0.01%
TMDX	F	0.01%
VSEC	C	0.01%
RRR	D	0.01%
IDYA	F	0.01%
TRMD	F	0.01%
GTX	D	0.01%
BEAM	D	0.01%
GABC	B	0.01%
LKFN	B	0.01%
ZLAB	C	0.01%
INBK	B	0.01%
JANX	C	0.01%
HPK	B	0.01%
RIOT	C	0.01%
LGIH	D	0.01%
ULCC	D	0.01%
GERN	D	0.01%
KYMR	D	0.01%
DYN	F	0.01%
IOVA	F	0.01%
CMPR	D	0.01%
ASTH	D	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
MBIN	D	0.01%
VERA	B	0.01%
APPN	B	0.01%
ATAT	C	0.01%
NWBI	B	0.01%
ROIC	A	0.01%
JAMF	F	0.01%
EXTR	B	0.01%
ADUS	D	0.01%
BILI	D	0.01%
STRA	C	0.01%
CAKE	C	0.01%
EVCM	B	0.01%
HOPE	B	0.01%
SUPN	C	0.01%
STBA	B	0.01%
CPRX	C	0.01%
XNCR	B	0.01%
CNXC	F	0.01%
NTCT	C	0.01%
PTVE	B	0.01%
GDS	C	0.01%
YY	C	0.01%
PLUS	F	0.01%
PRDO	B	0.01%
ROCK	C	0.01%
RPD	C	0.01%
WERN	C	0.01%
IRTC	D	0.01%
VBTX	B	0.01%
SASR	B	0.01%
CHCO	B	0.01%
XPEL	C	0.01%
LAUR	A	0.01%
DCOM	A	0.01%
LGND	B	0.01%
NMRK	B	0.01%
CGON	F	0.01%
ALHC	C	0.01%
PRVA	B	0.01%
ARWR	F	0.01%
WSBC	A	0.01%
NNBR	C	0.01%
ARCB	C	0.01%
CLBK	B	0.01%
SYBT	B	0.01%
AMRX	C	0.01%
OSW	A	0.01%
SBCF	A	0.01%
PINC	B	0.01%
FLNC	C	0.01%
TTMI	B	0.01%
AMPH	D	0.01%
FRME	B	0.01%
VRNA	B	0.01%
UFPT	B	0.01%
WULF	C	0.01%
CASH	A	0.01%
MGNI	A	0.01%
KROS	D	0.01%
PSMT	C	0.01%
GOGL	F	0.01%
CIFR	B	0.01%
IDCC	A	0.01%
HURN	B	0.01%
CLSK	C	0.01%
VCYT	B	0.01%
OPCH	D	0.01%
TRUP	B	0.01%
FORM	D	0.01%
STNE	F	0.01%
EFSC	B	0.01%
FBNC	A	0.01%
XRAY	F	0.01%
HEES	B	0.01%
KLIC	B	0.01%
SKWD	A	0.01%
LIVN	F	0.01%
TRMK	B	0.01%
GT	C	0.01%
NWE	B	0.01%
LMAT	A	0.01%
ICFI	F	0.01%
MYRG	B	0.01%
ALRM	C	0.01%
VIAV	B	0.01%
FFBC	A	0.01%
MRUS	F	0.01%
SMTC	B	0.01%
TFIN	A	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
OSIS	B	0.01%
GGAL	C	0.01%
ASTE	B	0.01%
FROG	C	0.01%
JBLU	F	0.01%
EWTX	C	0.01%
SWTX	C	0.01%
EXPI	C	0.01%
NBTB	B	0.01%
BRZE	C	0.01%
SYNA	C	0.01%
SHOO	D	0.01%
VCEL	B	0.01%
ERIC	B	0.01%
MRCY	B	0.01%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
SRRK	B	0.01%
MGRC	B	0.01%
NPAB	B	0.01%
PPBI	B	0.01%
PATK	D	0.01%
ACAD	D	0.01%
ACHC	F	0.01%
ATRC	C	0.01%
INDB	B	0.01%
IOSP	B	0.01%
NARI	C	0.01%
FOLD	F	0.01%
SATS	D	0.01%
PLMR	B	0.01%
RBCAA	B	0.01%
ZD	C	0.01%
NEOG	F	0.01%
PRGS	A	0.01%
ZG	A	0.01%
HWKN	B	0.01%
TOWN	B	0.01%
BL	B	0.01%
LEGN	F	0.01%
RNA	D	0.01%
AVT	C	0.01%
SLAB	D	0.01%
ESGR	B	0.01%
VOD	F	0.01%
POWI	D	0.01%
CARG	C	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	D	0.01%
FULT	A	0.01%
XENE	D	0.01%
JJSF	B	0.01%
PTCT	B	0.01%
IBTX	B	0.01%
URBN	C	0.01%
NMIH	D	0.01%
PENN	C	0.01%
BZ	F	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	C	0.01%
HUBG	A	0.01%
ACVA	B	0.01%
ADMA	B	0.01%
RYTM	C	0.01%
CVBF	A	0.01%
EBC	B	0.01%
DNLI	D	0.01%
AGIO	C	0.01%
HTLF	B	0.01%
PCH	D	0.01%
BHF	B	0.01%
FIBK	A	0.01%
SMPL	B	0.01%
SNEX	B	0.01%
WAFD	B	0.01%
ASO	F	0.01%
NSIT	F	0.01%
FHB	A	0.01%
IMVT	F	0.01%
CRSP	D	0.01%
PTEN	C	0.01%
AGYS	A	0.01%
POWL	C	0.01%

ONEQ Underweight 177 Positions Relative to IWP

Symbol	Grade	Weight
PLTR	B	-4.32%
AMP	A	-1.68%
VST	B	-1.6%
FICO	B	-1.48%
GWW	B	-1.45%
VRT	B	-1.41%
TRGP	B	-1.4%
COR	B	-1.3%
IT	C	-1.29%
HUBS	A	-1.08%
VEEV	C	-1.03%
HLT	A	-1.02%
ARES	A	-1.0%
CPNG	D	-0.93%
NET	B	-0.88%
DECK	A	-0.87%
HES	B	-0.86%
MSCI	C	-0.86%
RBLX	C	-0.85%
GDDY	A	-0.84%
TPL	A	-0.83%
CPAY	A	-0.81%
LNG	B	-0.81%
BR	A	-0.8%
SYY	B	-0.76%
TYL	B	-0.7%
CLX	B	-0.68%
LYV	A	-0.67%
LII	A	-0.64%
SQ	B	-0.64%
RCL	A	-0.62%
IRM	D	-0.62%
BAH	F	-0.62%
TOST	B	-0.59%
BURL	A	-0.56%
CAH	B	-0.56%
XPO	B	-0.55%
LVS	C	-0.55%
HEI	B	-0.55%
PINS	D	-0.55%
FIX	A	-0.51%
DT	C	-0.5%
SPG	B	-0.49%
PWR	A	-0.47%
YUM	B	-0.47%
WST	C	-0.45%
ROL	B	-0.45%
URI	B	-0.44%
WAT	B	-0.42%
PSTG	D	-0.42%
EQH	B	-0.41%
HEI	B	-0.39%
BRO	B	-0.38%
NCLH	B	-0.37%
OWL	A	-0.37%
VLTO	D	-0.37%
CAVA	B	-0.35%
MOH	F	-0.35%
DRI	B	-0.34%
KNSL	B	-0.33%
MUSA	A	-0.32%
WSM	B	-0.32%
VMC	B	-0.31%
TPX	B	-0.3%
CVNA	B	-0.3%
EME	C	-0.3%
RMD	C	-0.3%
PEN	B	-0.29%
HPQ	B	-0.28%
NRG	B	-0.26%
ALL	A	-0.26%
DVA	B	-0.26%
EXP	A	-0.25%
RYAN	B	-0.24%
PCOR	B	-0.24%
TREX	C	-0.24%
SMAR	A	-0.24%
ESTC	C	-0.23%
PAYC	B	-0.23%
GWRE	A	-0.23%
GLOB	B	-0.21%
ELF	C	-0.21%
FDS	B	-0.21%
AVY	D	-0.2%
FWONK	B	-0.2%
EFX	F	-0.2%
FOUR	B	-0.19%
VVV	F	-0.18%
MTN	C	-0.18%
LAZ	B	-0.18%
INSP	D	-0.17%
MKL	A	-0.17%
DPZ	C	-0.17%
GNRC	B	-0.17%
CNM	D	-0.17%
LPX	B	-0.16%
PLNT	A	-0.15%
AZEK	A	-0.15%
PATH	C	-0.15%
AJG	B	-0.14%
JLL	D	-0.13%
RPM	A	-0.13%
IQV	D	-0.13%
FND	C	-0.13%
JEF	A	-0.12%
TWLO	A	-0.11%
HSY	F	-0.11%
CHH	A	-0.11%
WMS	D	-0.11%
LW	C	-0.11%
RNG	B	-0.1%
ROK	B	-0.1%
EG	C	-0.09%
UHAL	D	-0.09%
FERG	B	-0.09%
CSL	C	-0.09%
HWM	A	-0.09%
EXPD	D	-0.09%
TDC	D	-0.09%
U	C	-0.08%
SITE	D	-0.08%
BWXT	B	-0.08%
ONTO	D	-0.07%
MLM	B	-0.07%
BROS	B	-0.07%
CE	F	-0.07%
PR	B	-0.07%
BILL	A	-0.07%
AWI	A	-0.07%
CLF	F	-0.06%
PFGC	B	-0.06%
BLDR	D	-0.06%
AM	A	-0.06%
CIVI	D	-0.05%
VNOM	A	-0.05%
DV	C	-0.05%
EQT	B	-0.05%
HRB	D	-0.05%
S	B	-0.04%
JBL	B	-0.04%
DAY	B	-0.04%
TKO	B	-0.04%
SN	D	-0.04%
ALLY	C	-0.04%
LOAR	A	-0.03%
EPAM	C	-0.03%
CHE	D	-0.03%
KMX	B	-0.03%
HLI	B	-0.03%
BLD	D	-0.03%
BFAM	D	-0.03%
RH	B	-0.03%
H	B	-0.03%
YETI	C	-0.03%
DKS	C	-0.03%
TRU	D	-0.03%
SPR	D	-0.02%
MTDR	B	-0.02%
SAM	C	-0.02%
UI	A	-0.02%
FWONA	B	-0.02%
WH	B	-0.02%
KBR	F	-0.02%
SKX	D	-0.02%
WEX	D	-0.02%
SSD	D	-0.02%
CC	C	-0.01%
UHAL	D	-0.01%
SEE	C	-0.01%
NFE	D	-0.01%
MSGS	A	-0.01%
UWMC	D	-0.01%
WU	D	-0.01%
RLI	B	-0.01%
DOCS	C	-0.01%
ALAB	B	-0.0%
TRIP	F	-0.0%