ONEQ vs. JUST ETF Comparison

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

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

$71.25

Average Daily Volume

310,742

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

JUST

Goldman Sachs JUST U.S. Large Cap Equity ETF

JUST 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. Small Cap Equity Index. The fund invests at least 80% of its assets in securities included in its index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the "factors" that are commonly tied to a stock's outperformance relative to market returns. These factors include value, momentum, quality and low volatility.

Grade (RS Rating)

Last Trade

$81.41

Average Daily Volume

4,517

Number of Holdings ^*

451

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	JUST
30 Days	-1.62%	0.35%
60 Days	-0.59%	2.00%
90 Days	-0.51%	2.25%
12 Months	29.49%	28.35%

135 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in JUST	Overlap
AAL	D	0.02%	0.02%	0.02%
AAPL	D	11.9%	7.52%	7.52%
ABNB	D	0.18%	0.14%	0.14%
ACGL	B	0.15%	0.12%	0.12%
ADBE	D	0.84%	0.61%	0.61%
ADI	D	0.39%	0.25%	0.25%
ADP	B	0.39%	0.31%	0.31%
ADSK	B	0.19%	0.13%	0.13%
AEP	B	0.19%	0.16%	0.16%
AFRM	C	0.04%	0.02%	0.02%
AKAM	D	0.05%	0.04%	0.04%
ALNY	B	0.12%	0.07%	0.07%
AMAT	D	0.54%	0.35%	0.35%
AMD	F	0.86%	0.53%	0.53%
AMGN	B	0.62%	0.42%	0.42%
AMZN	C	6.77%	4.77%	4.77%
ANSS	F	0.09%	0.06%	0.06%
APA	F	0.03%	0.02%	0.02%
AVGO	C	2.71%	1.58%	1.58%
BHF	D	0.01%	0.01%	0.01%
BIIB	F	0.1%	0.07%	0.07%
BKNG	B	0.46%	0.37%	0.37%
BKR	D	0.12%	0.09%	0.09%
CAR	F	0.01%	0.0%	0.0%
CDNS	D	0.25%	0.16%	0.16%
CEG	C	0.22%	0.17%	0.17%
CHRW	B	0.04%	0.03%	0.03%
CHTR	D	0.17%	0.07%	0.07%
CMCSA	D	0.54%	0.37%	0.37%
CME	C	0.28%	0.24%	0.24%
COLB	B	0.02%	0.02%	0.02%
COST	C	1.41%	1.13%	1.13%
CPB	B	0.05%	0.03%	0.03%
CPRT	D	0.17%	0.12%	0.12%
CRUS	D	0.02%	0.02%	0.02%
CSCO	B	0.7%	0.48%	0.48%
CSGP	D	0.11%	0.12%	0.11%
CSX	D	0.23%	0.18%	0.18%
CTSH	C	0.13%	0.09%	0.09%
DBX	D	0.02%	0.01%	0.01%
DOCU	C	0.04%	0.03%	0.03%
DXCM	F	0.1%	0.06%	0.06%
EA	D	0.13%	0.11%	0.11%
EBAY	B	0.11%	0.09%	0.09%
EQIX	B	0.28%	0.3%	0.28%
ETSY	F	0.03%	0.02%	0.02%
EXC	B	0.14%	0.12%	0.12%
EXEL	B	0.03%	0.02%	0.02%
EXPE	C	0.06%	0.05%	0.05%
FFIV	A	0.04%	0.03%	0.03%
FITB	B	0.1%	0.09%	0.09%
FOX	B	0.03%	0.01%	0.01%
FOXA	B	0.03%	0.03%	0.03%
FSLR	C	0.08%	0.06%	0.06%
FTNT	C	0.2%	0.11%	0.11%
GILD	B	0.36%	0.24%	0.24%
GOOG	D	3.1%	1.73%	1.73%
GOOGL	D	3.23%	2.05%	2.05%
GTLB	D	0.03%	0.01%	0.01%
HAS	B	0.04%	0.03%	0.03%
HBAN	B	0.07%	0.06%	0.06%
HOLX	B	0.06%	0.05%	0.05%
HON	D	0.46%	0.36%	0.36%
HSIC	C	0.03%	0.02%	0.02%
IDXX	C	0.14%	0.1%	0.1%
ILMN	C	0.07%	0.05%	0.05%
INCY	C	0.04%	0.03%	0.03%
INTC	F	0.29%	0.19%	0.19%
INTU	D	0.64%	0.4%	0.4%
ISRG	C	0.6%	0.41%	0.41%
KDP	A	0.17%	0.11%	0.11%
LIN	B	0.78%	0.63%	0.63%
LITE	B	0.02%	0.01%	0.01%
LOPE	D	0.02%	0.01%	0.01%
LPLA	D	0.06%	0.05%	0.05%
LRCX	F	0.35%	0.22%	0.22%
LULU	D	0.11%	0.09%	0.09%
MAR	C	0.23%	0.15%	0.15%
MDB	D	0.08%	0.05%	0.05%
MDLZ	B	0.35%	0.28%	0.28%
MKTX	C	0.04%	0.03%	0.03%
MPWR	C	0.15%	0.09%	0.09%
MRNA	F	0.09%	0.06%	0.06%
MRVL	C	0.22%	0.14%	0.14%
MSFT	C	11.17%	7.24%	7.24%
MTCH	C	0.03%	0.03%	0.03%
MU	F	0.35%	0.22%	0.22%
NDAQ	B	0.15%	0.09%	0.09%
NDSN	C	0.05%	0.04%	0.04%
NTAP	D	0.08%	0.06%	0.06%
NTNX	C	0.05%	0.04%	0.04%
NVDA	D	10.22%	6.04%	6.04%
NWS	D	0.01%	0.01%	0.01%
NWSA	D	0.03%	0.03%	0.03%
OKTA	F	0.04%	0.03%	0.03%
ON	D	0.1%	0.07%	0.07%
PANW	D	0.39%	0.25%	0.25%
PARA	F	0.03%	0.02%	0.02%
PEGA	C	0.02%	0.01%	0.01%
PENN	D	0.01%	0.01%	0.01%
PEP	C	0.85%	0.67%	0.67%
PFG	B	0.06%	0.06%	0.06%
PINC	C	0.01%	0.01%	0.01%
PNFP	B	0.02%	0.02%	0.02%
PYPL	B	0.25%	0.2%	0.2%
QCOM	D	0.65%	0.42%	0.42%
RARE	B	0.02%	0.01%	0.01%
REGN	C	0.43%	0.28%	0.28%
RGEN	F	0.03%	0.02%	0.02%
SBAC	C	0.09%	0.1%	0.09%
SBUX	C	0.39%	0.3%	0.3%
SLM	C	0.02%	0.01%	0.01%
SNPS	D	0.26%	0.17%	0.17%
SOFI	C	0.03%	0.02%	0.02%
TER	D	0.07%	0.05%	0.05%
TMUS	C	0.83%	0.23%	0.23%
TSCO	C	0.11%	0.08%	0.08%
TTWO	D	0.09%	0.08%	0.08%
TW	A	0.05%	0.04%	0.04%
TXN	C	0.63%	0.42%	0.42%
UAL	B	0.06%	0.05%	0.05%
VRSK	D	0.13%	0.11%	0.11%
VRTX	D	0.43%	0.29%	0.29%
WBA	F	0.03%	0.02%	0.02%
WBD	D	0.07%	0.05%	0.05%
WDAY	D	0.18%	0.12%	0.12%
WDC	D	0.08%	0.05%	0.05%
WTW	B	0.1%	0.09%	0.09%
XEL	A	0.13%	0.11%	0.11%
XRAY	D	0.02%	0.01%	0.01%
Z	B	0.04%	0.03%	0.03%
ZBRA	B	0.06%	0.05%	0.05%
ZG	B	0.01%	0.01%	0.01%
ZM	C	0.06%	0.04%	0.04%
ZS	F	0.09%	0.03%	0.03%

ONEQ Overweight 689 Positions Relative to JUST

Symbol	Grade	Weight
META	A	4.01%
TSLA	C	2.56%
NFLX	B	1.04%
MELI	B	0.38%
KLAC	D	0.35%
CTAS	C	0.29%
ASML	D	0.26%
ORLY	B	0.23%
PDD	F	0.22%
CRWD	F	0.21%
ROP	C	0.2%
NXPI	D	0.2%
ROST	C	0.18%
MNST	C	0.18%
PAYX	C	0.17%
PCAR	D	0.17%
DASH	C	0.17%
AZN	D	0.16%
TTD	B	0.16%
ODFL	C	0.15%
KHC	C	0.15%
FAST	C	0.14%
GEHC	C	0.14%
MCHP	D	0.14%
CCEP	B	0.13%
DDOG	D	0.12%
COIN	F	0.12%
APP	B	0.11%
FANG	D	0.11%
AXON	B	0.1%
CDW	D	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ERIE	A	0.09%
TEAM	F	0.09%
SMCI	F	0.09%
STX	D	0.08%
GFS	F	0.08%
MSTR	D	0.08%
TROW	D	0.08%
ICLR	D	0.08%
PTC	D	0.07%
CINF	B	0.07%
CHKP	C	0.07%
NTRA	B	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	D	0.06%
SNY	C	0.06%
PODD	B	0.06%
ULTA	D	0.06%
VRSN	D	0.06%
SSNC	B	0.06%
STLD	D	0.06%
ARM	D	0.06%
HOOD	C	0.06%
NTRS	B	0.06%
DKNG	D	0.06%
ARGX	C	0.06%
ALGN	D	0.06%
JD	D	0.05%
POOL	C	0.05%
REG	C	0.05%
GRAB	B	0.05%
BNTX	C	0.05%
LOGI	D	0.05%
TRMB	C	0.05%
VTRS	C	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	B	0.05%
LNT	A	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
DLTR	F	0.05%
BSY	D	0.05%
UTHR	C	0.05%
CG	C	0.05%
MANH	B	0.05%
TCOM	C	0.05%
SWKS	F	0.05%
ENPH	C	0.05%
NTES	F	0.04%
LAMR	A	0.04%
PPC	D	0.04%
MEDP	D	0.04%
RGLD	B	0.04%
EWBC	C	0.04%
COKE	C	0.04%
SFM	B	0.04%
TTEK	C	0.04%
HST	D	0.04%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	0.04%
JKHY	B	0.04%
PAA	D	0.04%
BIDU	F	0.04%
INSM	D	0.04%
RPRX	C	0.04%
TECH	C	0.04%
FLEX	C	0.04%
SRPT	F	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
GLPI	B	0.04%
EVRG	A	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	C	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%
MMYT	B	0.03%
ASND	C	0.03%
HALO	B	0.03%
WYNN	D	0.03%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
SPSC	D	0.03%
MTSI	D	0.03%
CELH	F	0.03%
AAON	B	0.03%
CROX	C	0.03%
LBRDK	D	0.03%
XP	D	0.03%
ITCI	D	0.03%
NICE	F	0.03%
CHRD	F	0.03%
RVMD	C	0.03%
DUOL	B	0.03%
CBSH	C	0.03%
WIX	D	0.03%
SEIC	B	0.03%
OTEX	D	0.03%
OLED	C	0.03%
QRVO	F	0.03%
ROKU	C	0.03%
CHDN	C	0.03%
PCTY	C	0.03%
DOX	C	0.03%
LECO	F	0.03%
LNW	B	0.03%
WWD	D	0.03%
BRKR	D	0.03%
BGNE	C	0.03%
CHK	D	0.03%
LKQ	D	0.03%
TXRH	D	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	B	0.02%
VCTR	B	0.02%
NWL	D	0.02%
GLNG	D	0.02%
SLAB	D	0.02%
INTA	B	0.02%
KTOS	B	0.02%
PLXS	B	0.02%
FOLD	D	0.02%
IPAR	D	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	C	0.02%
EXPI	C	0.02%
VOD	B	0.02%
SANM	D	0.02%
WMG	D	0.02%
PCH	C	0.02%
AUR	C	0.02%
TFSL	C	0.02%
APPF	D	0.02%
CHCI	C	0.02%
FIZZ	D	0.02%
SATS	B	0.02%
BECN	D	0.02%
BGC	B	0.02%
MARA	F	0.02%
RKLB	B	0.02%
OPCH	C	0.02%
QLYS	F	0.02%
COLM	B	0.02%
VLY	C	0.02%
IMVT	D	0.02%
CRNX	C	0.02%
QXO	F	0.02%
TGTX	B	0.02%
LANC	D	0.02%
CLBT	B	0.02%
ITRI	C	0.02%
RUN	C	0.02%
BLKB	B	0.02%
APLS	F	0.02%
SGRY	C	0.02%
CFLT	F	0.02%
HTHT	F	0.02%
ONB	C	0.02%
CACC	D	0.02%
ALTR	C	0.02%
ACLX	B	0.02%
CORT	B	0.02%
PRCT	B	0.02%
HWC	D	0.02%
HCP	A	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%
SBRA	B	0.02%
EEFT	D	0.02%
CNXC	D	0.02%
FELE	C	0.02%
WTFC	B	0.02%
VRRM	D	0.02%
PECO	B	0.02%
LSTR	D	0.02%
RDNT	B	0.02%
IEP	F	0.02%
BBIO	D	0.02%
CHX	D	0.02%
TIGO	B	0.02%
EXLS	C	0.02%
MDGL	F	0.02%
PI	B	0.02%
UBSI	B	0.02%
FIVE	D	0.02%
ESGR	D	0.02%
TENB	D	0.02%
COOP	B	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	C	0.02%
VRNS	C	0.02%
FUTU	D	0.02%
AVAV	D	0.02%
SIGI	C	0.02%
BPMC	D	0.02%
SHC	B	0.02%
NUVL	C	0.02%
MASI	D	0.02%
CWST	D	0.02%
TPG	B	0.02%
EXPO	B	0.02%
AGNC	A	0.02%
CYTK	F	0.02%
NXST	D	0.02%
CSWI	B	0.02%
CGNX	D	0.02%
BCPC	C	0.02%
CRVL	B	0.02%
JAZZ	D	0.02%
FFIN	B	0.02%
RCM	C	0.02%
LSCC	D	0.02%
UFPI	C	0.02%
LFUS	D	0.02%
DNLI	B	0.02%
ACT	A	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	C	0.02%
NOVT	D	0.02%
MIDD	C	0.02%
WFRD	F	0.02%
IQ	F	0.01%
PYCR	D	0.01%
SANA	F	0.01%
ISTR	B	0.01%
MNTK	F	0.01%
HAFC	C	0.01%
TRDA	F	0.01%
TTGT	F	0.01%
JBSS	D	0.01%
NNDM	D	0.01%
LQDA	F	0.01%
SRCL	A	0.01%
LBRDA	D	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	A	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	B	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	F	0.01%
ICHR	F	0.01%
MATW	F	0.01%
IMKTA	D	0.01%
WVE	D	0.01%
DHC	B	0.01%
NNBR	F	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	B	0.01%
SABR	D	0.01%
MLCO	F	0.01%
AVAH	C	0.01%
COLL	B	0.01%
WB	F	0.01%
WULF	D	0.01%
CDNA	C	0.01%
BLMN	F	0.01%
NSSC	F	0.01%
COHU	F	0.01%
PDFS	D	0.01%
SDGR	F	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	A	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	B	0.01%
IMCR	F	0.01%
THRM	D	0.01%
TRNS	C	0.01%
HROW	B	0.01%
ANIP	D	0.01%
CRAI	C	0.01%
SPT	F	0.01%
TH	D	0.01%
PFBC	C	0.01%
INMD	D	0.01%
CENX	D	0.01%
CLOV	C	0.01%
ATAT	A	0.01%
DGII	D	0.01%
GDYN	C	0.01%
PEBO	C	0.01%
MCRI	B	0.01%
ULH	C	0.01%
STAA	F	0.01%
BLBD	C	0.01%
SCSC	D	0.01%
UCTT	F	0.01%
CSGS	C	0.01%
MRVI	C	0.01%
SCVL	B	0.01%
MRTN	D	0.01%
OCFC	B	0.01%
UDMY	F	0.01%
CLSK	F	0.01%
QNST	B	0.01%
IMTX	C	0.01%
ARDX	D	0.01%
WINA	C	0.01%
CAKE	C	0.01%
PLAB	F	0.01%
TCBK	C	0.01%
VMEO	C	0.01%
DAWN	F	0.01%
VERA	C	0.01%
NVAX	D	0.01%
ECPG	C	0.01%
SAFT	C	0.01%
UNIT	C	0.01%
MYRG	F	0.01%
GABC	C	0.01%
INBK	C	0.01%
BILI	D	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%
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	D	0.01%
HLIT	C	0.01%
IDCC	B	0.01%
AHCO	B	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	F	0.01%
APPN	D	0.01%
IAS	D	0.01%
CHEF	C	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	D	0.01%
SYBT	B	0.01%
PDCO	F	0.01%
SBLK	D	0.01%
SNDX	F	0.01%
ARVN	F	0.01%
AY	B	0.01%
KURA	D	0.01%
CNXN	B	0.01%
ROIC	B	0.01%
BUSE	C	0.01%
SKWD	C	0.01%
NTCT	D	0.01%
FWRD	C	0.01%
PGNY	F	0.01%
HTZ	D	0.01%
XRX	F	0.01%
NEO	C	0.01%
NFE	F	0.01%
HOPE	B	0.01%
EWTX	D	0.01%
OSW	C	0.01%
PTVE	D	0.01%
EXTR	C	0.01%
GDS	C	0.01%
WSBC	D	0.01%
FRME	C	0.01%
CASH	B	0.01%
GTX	D	0.01%
HPK	D	0.01%
INFN	B	0.01%
DOOO	F	0.01%
OLPX	C	0.01%
LAUR	B	0.01%
BVS	B	0.01%
NVCR	D	0.01%
CHCO	B	0.01%
EVCM	D	0.01%
PRVA	D	0.01%
JANX	C	0.01%
RRR	D	0.01%
WERN	D	0.01%
SPNS	D	0.01%
STRA	D	0.01%
PCT	C	0.01%
GGAL	B	0.01%
DNUT	D	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	D	0.01%
STBA	B	0.01%
MNKD	B	0.01%
YY	C	0.01%
VIAV	D	0.01%
HURN	C	0.01%
KLIC	D	0.01%
RXST	C	0.01%
MLKN	D	0.01%
TRUP	C	0.01%
CMPR	F	0.01%
HRMY	B	0.01%
MGPI	C	0.01%
FFBC	C	0.01%
POWL	C	0.01%
CLBK	C	0.01%
ARCB	D	0.01%
LMAT	B	0.01%
JBLU	D	0.01%
LGIH	C	0.01%
XPEL	D	0.01%
NMRK	B	0.01%
MBIN	C	0.01%
TWST	D	0.01%
PLUG	F	0.01%
FBNC	B	0.01%
ATRC	C	0.01%
ADUS	B	0.01%
MYGN	B	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%
ALRM	F	0.01%
AKRO	C	0.01%
AMRX	B	0.01%
VCEL	D	0.01%
VRNA	B	0.01%
RBCAA	B	0.01%
BEAM	F	0.01%
MGRC	F	0.01%
SVC	F	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	C	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	C	0.01%
ZD	D	0.01%
JAMF	D	0.01%
GERN	D	0.01%
ERII	D	0.01%
OSIS	C	0.01%
TXG	D	0.01%
TNDM	C	0.01%
ERIC	B	0.01%
AMPH	C	0.01%
NWE	A	0.01%
IOSP	D	0.01%
PLUS	B	0.01%
PLMR	B	0.01%
NARI	F	0.01%
UFPT	C	0.01%
DRVN	C	0.01%
PRFT	A	0.01%
PTCT	C	0.01%
OMCL	C	0.01%
IOVA	D	0.01%
XNCR	C	0.01%
DYN	D	0.01%
MRCY	C	0.01%
SNEX	C	0.01%
FLNC	C	0.01%
UPST	C	0.01%
IBTX	B	0.01%
ACAD	F	0.01%
BRZE	F	0.01%
SYNA	F	0.01%
AGIO	D	0.01%
HTLF	B	0.01%
CPRX	B	0.01%
LILAK	D	0.01%
EBC	B	0.01%
ASTE	F	0.01%
AGYS	D	0.01%
SWTX	F	0.01%
ASTH	B	0.01%
BZ	F	0.01%
FHB	C	0.01%
TOWN	B	0.01%
GSHD	B	0.01%
IDYA	F	0.01%
HUBG	C	0.01%
MRUS	D	0.01%
HWKN	B	0.01%
ALHC	C	0.01%
AVT	D	0.01%
QFIN	B	0.01%
SFNC	B	0.01%
IRDM	D	0.01%
URBN	D	0.01%
SHOO	B	0.01%
FORM	F	0.01%
OZK	D	0.01%
CATY	B	0.01%
ROAD	B	0.01%
ARWR	F	0.01%
ARLP	C	0.01%
OTTR	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	B	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	D	0.01%
WSFS	C	0.01%
VIRT	B	0.01%
JJSF	C	0.01%
WDFC	B	0.01%
STNE	F	0.01%
VICR	F	0.01%
WAFD	B	0.01%
GH	D	0.01%
ICFI	C	0.01%
NEOG	C	0.01%
RUSHA	C	0.01%

ONEQ Underweight 316 Positions Relative to JUST

Symbol	Grade	Weight
LLY	C	-1.84%
JPM	D	-1.83%
UNH	C	-1.32%
XOM	D	-1.27%
V	B	-1.23%
PG	C	-1.15%
MA	B	-1.11%
HD	B	-1.05%
WMT	B	-0.98%
ABBV	C	-0.85%
BAC	D	-0.83%
KO	B	-0.76%
MRK	D	-0.71%
CVX	D	-0.61%
ACN	C	-0.6%
TMO	C	-0.58%
CRM	D	-0.54%
SPGI	B	-0.51%
NEE	B	-0.51%
GE	B	-0.5%
ABT	C	-0.48%
GS	D	-0.46%
DIS	D	-0.46%
PLD	C	-0.45%
CAT	C	-0.45%
PGR	A	-0.45%
DHR	B	-0.44%
IBM	B	-0.44%
RTX	C	-0.44%
VZ	B	-0.44%
AMT	C	-0.42%
UNP	B	-0.42%
LOW	B	-0.41%
NOW	A	-0.41%
UBER	C	-0.4%
PFE	C	-0.4%
BLK	A	-0.4%
TJX	C	-0.38%
AXP	B	-0.38%
T	B	-0.37%
MMC	C	-0.36%
C	D	-0.35%
MS	D	-0.35%
LMT	C	-0.33%
SYK	C	-0.32%
ETN	C	-0.31%
COP	D	-0.31%
ELV	C	-0.3%
BSX	B	-0.29%
SCHW	D	-0.29%
MDT	C	-0.29%
ICE	B	-0.28%
DUK	C	-0.27%
DE	B	-0.27%
NKE	D	-0.26%
WM	D	-0.25%
BA	F	-0.25%
UPS	D	-0.25%
MCO	A	-0.24%
SHW	B	-0.24%
CI	C	-0.24%
CL	C	-0.24%
BMY	C	-0.24%
PNC	B	-0.22%
USB	B	-0.22%
ZTS	B	-0.21%
TT	B	-0.21%
AON	B	-0.21%
CMG	C	-0.21%
AFL	B	-0.2%
CVS	D	-0.2%
NOC	B	-0.2%
DLR	B	-0.19%
CCI	B	-0.19%
TGT	C	-0.19%
MMM	B	-0.19%
FDX	C	-0.18%
HCA	B	-0.18%
MCK	F	-0.18%
APD	B	-0.17%
TRV	B	-0.17%
ECL	B	-0.17%
TFC	D	-0.17%
SRE	B	-0.16%
BK	A	-0.16%
NEM	B	-0.16%
CARR	B	-0.16%
FCX	D	-0.16%
BDX	F	-0.16%
GM	B	-0.15%
MPC	D	-0.15%
GEV	B	-0.15%
HLT	B	-0.15%
ALL	A	-0.15%
AIG	D	-0.15%
EMR	D	-0.15%
OKE	B	-0.14%
AMP	B	-0.14%
MET	A	-0.14%
WMB	B	-0.14%
COF	C	-0.14%
D	C	-0.14%
URI	B	-0.13%
JCI	B	-0.13%
PRU	C	-0.13%
CBRE	A	-0.13%
MSCI	C	-0.13%
KMB	D	-0.13%
F	D	-0.12%
LHX	D	-0.12%
GIS	B	-0.12%
AVB	B	-0.12%
PEG	B	-0.12%
IRM	B	-0.12%
EQR	B	-0.11%
KMI	A	-0.11%
SYY	D	-0.11%
RCL	B	-0.11%
HIG	A	-0.11%
CMI	C	-0.11%
VLO	D	-0.11%
VTR	C	-0.1%
EW	F	-0.1%
EIX	C	-0.1%
A	C	-0.1%
PWR	B	-0.1%
DOW	D	-0.1%
IR	C	-0.1%
DFS	C	-0.1%
HUM	F	-0.1%
IQV	C	-0.1%
AME	C	-0.1%
OTIS	D	-0.1%
LNG	D	-0.1%
XYL	D	-0.09%
RMD	C	-0.09%
AWK	A	-0.09%
MLM	D	-0.09%
HES	D	-0.09%
IT	B	-0.09%
DD	B	-0.09%
CNC	C	-0.09%
GLW	B	-0.08%
HPQ	D	-0.08%
ETR	A	-0.08%
BR	D	-0.08%
VST	C	-0.08%
STT	A	-0.08%
WAB	A	-0.08%
ADM	D	-0.08%
PPG	C	-0.08%
GRMN	D	-0.08%
ROK	D	-0.08%
DAL	C	-0.08%
HSY	C	-0.08%
WY	C	-0.08%
OXY	F	-0.08%
MTB	B	-0.08%
HAL	F	-0.07%
DVN	F	-0.07%
LYB	F	-0.07%
AEE	B	-0.07%
DECK	C	-0.07%
CAH	C	-0.07%
CBOE	C	-0.07%
FTV	C	-0.07%
PPL	C	-0.07%
IFF	B	-0.07%
ES	C	-0.07%
ESS	B	-0.07%
KEYS	C	-0.07%
UDR	B	-0.06%
BAH	B	-0.06%
BALL	C	-0.06%
BBY	B	-0.06%
CLX	C	-0.06%
EL	F	-0.06%
OMC	A	-0.06%
K	A	-0.06%
TYL	C	-0.06%
MKC	B	-0.06%
RF	B	-0.06%
KEY	B	-0.05%
BAX	C	-0.05%
TXT	D	-0.05%
MAS	B	-0.05%
GDDY	C	-0.05%
HPE	D	-0.05%
WSM	C	-0.05%
LDOS	C	-0.05%
J	D	-0.05%
TSN	C	-0.05%
LII	B	-0.05%
LUV	C	-0.05%
CSL	C	-0.05%
TRU	B	-0.05%
KIM	B	-0.05%
CNP	C	-0.05%
ZBH	F	-0.05%
APTV	D	-0.05%
NET	F	-0.05%
NRG	C	-0.05%
SYF	C	-0.05%
WAT	C	-0.05%
IPG	C	-0.04%
USFD	B	-0.04%
KMX	D	-0.04%
DKS	D	-0.04%
CE	D	-0.04%
BG	D	-0.04%
PNR	B	-0.04%
OC	C	-0.04%
CF	B	-0.04%
DGX	B	-0.04%
SWK	B	-0.04%
EQH	C	-0.04%
IEX	D	-0.04%
AVTR	B	-0.04%
LVS	D	-0.04%
BXP	B	-0.04%
RGA	B	-0.04%
JLL	B	-0.04%
ALB	F	-0.03%
SOLV	C	-0.03%
INGR	A	-0.03%
ARMK	B	-0.03%
FHN	D	-0.03%
HRL	C	-0.03%
CNH	C	-0.03%
ALLY	F	-0.03%
ATR	B	-0.03%
TAP	C	-0.03%
TFX	C	-0.03%
HRB	C	-0.03%
NVT	D	-0.03%
TPR	C	-0.03%
JNPR	A	-0.03%
ITT	C	-0.03%
PNW	B	-0.03%
BLD	D	-0.03%
AIZ	B	-0.03%
EMN	B	-0.03%
AES	C	-0.03%
UNM	B	-0.03%
GWRE	A	-0.03%
SCI	B	-0.03%
ACM	B	-0.03%
CLF	F	-0.02%
AGCO	D	-0.02%
LNC	D	-0.02%
AWI	B	-0.02%
WHR	D	-0.02%
AZEK	C	-0.02%
SMAR	B	-0.02%
THG	A	-0.02%
LPX	B	-0.02%
PVH	F	-0.02%
DINO	D	-0.02%
SITE	D	-0.02%
OSK	D	-0.02%
IVZ	C	-0.02%
RRC	D	-0.02%
LEA	D	-0.02%
BBWI	F	-0.02%
AXS	B	-0.02%
VFC	C	-0.02%
WH	B	-0.02%
CIEN	C	-0.02%
SNV	C	-0.02%
DVA	B	-0.02%
KBR	D	-0.02%
AA	D	-0.02%
H	C	-0.02%
DAY	D	-0.02%
FCN	C	-0.02%
FMC	C	-0.02%
BERY	B	-0.02%
VOYA	A	-0.02%
BWA	D	-0.02%
MTG	B	-0.02%
MOS	F	-0.02%
NCLH	C	-0.02%
AYI	B	-0.02%
CMA	B	-0.02%
OWL	C	-0.02%
GPK	B	-0.02%
MGM	D	-0.02%
DV	F	-0.01%
KSS	F	-0.01%
TDC	F	-0.01%
NVST	D	-0.01%
RKT	B	-0.01%
AGR	B	-0.01%
TNL	D	-0.01%
PAG	D	-0.01%
YETI	D	-0.01%
SPR	D	-0.01%
CHH	C	-0.01%
W	D	-0.01%
GAP	F	-0.01%
M	F	-0.01%
OGN	D	-0.01%
WU	D	-0.01%
PII	D	-0.01%
ESTC	F	-0.01%
AGO	C	-0.01%
TKR	D	-0.01%
HOG	C	-0.01%
VNT	D	-0.01%
MDU	B	-0.01%
ST	D	-0.01%
SON	C	-0.01%
INSP	C	-0.01%
ALK	C	-0.01%
SNDR	B	-0.0%
QS	F	-0.0%