ONEQ vs. MFUS ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS)

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

$74.87

Average Daily Volume

242,124

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

MFUS

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF

MFUS Description

The investment seeks to track the investment results of the RAFI Dynamic Multi-Factor U.S. Index. The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-Factor U.S. Index. The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index. The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.

Grade (RS Rating)

Last Trade

$51.86

Average Daily Volume

5,422

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	MFUS
30 Days	2.13%	1.40%
60 Days	5.67%	3.06%
90 Days	6.27%	4.64%
12 Months	33.62%	31.57%

217 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in MFUS	Overlap
AAPL	C	11.32%	0.96%	0.96%
ADBE	C	0.74%	0.04%	0.04%
ADP	A	0.4%	0.11%	0.11%
ADSK	A	0.21%	0.09%	0.09%
AEP	C	0.16%	0.08%	0.08%
AGNC	C	0.02%	0.04%	0.02%
AKAM	D	0.04%	0.02%	0.02%
ALGN	D	0.06%	0.01%	0.01%
ALNY	D	0.1%	0.06%	0.06%
AMAT	F	0.46%	0.55%	0.46%
AMED	F	0.01%	0.01%	0.01%
AMGN	F	0.5%	0.94%	0.5%
AMKR	D	0.02%	0.03%	0.02%
AMWD	C	0.01%	0.01%	0.01%
AMZN	C	7.05%	1.71%	1.71%
ANDE	D	0.01%	0.02%	0.01%
ANSS	B	0.09%	0.05%	0.05%
APOG	C	0.01%	0.02%	0.01%
APP	B	0.28%	0.11%	0.11%
ASO	F	0.01%	0.03%	0.01%
AVGO	D	2.53%	1.59%	1.59%
AVT	C	0.01%	0.04%	0.01%
BHF	C	0.01%	0.04%	0.01%
BIIB	F	0.08%	0.07%	0.07%
BKNG	A	0.54%	0.42%	0.42%
BKR	A	0.14%	0.08%	0.08%
BMRN	F	0.04%	0.01%	0.01%
BRKR	D	0.03%	0.02%	0.02%
CACC	D	0.02%	0.01%	0.01%
CALM	A	0.02%	0.09%	0.02%
CASY	A	0.05%	0.16%	0.05%
CBSH	B	0.03%	0.01%	0.01%
CDW	F	0.08%	0.03%	0.03%
CEG	C	0.23%	0.11%	0.11%
CENTA	C	0.01%	0.01%	0.01%
CG	B	0.06%	0.03%	0.03%
CHRW	B	0.04%	0.14%	0.04%
CHTR	C	0.19%	0.3%	0.19%
CINF	A	0.07%	0.02%	0.02%
CMCSA	B	0.54%	0.16%	0.16%
CME	B	0.27%	0.14%	0.14%
CNXN	C	0.01%	0.01%	0.01%
COIN	C	0.21%	0.1%	0.1%
COKE	C	0.03%	0.03%	0.03%
COOP	B	0.02%	0.05%	0.02%
COST	A	1.33%	1.35%	1.33%
CPB	D	0.04%	0.04%	0.04%
CPRT	B	0.18%	0.09%	0.09%
CROX	D	0.02%	0.01%	0.01%
CRUS	D	0.02%	0.04%	0.02%
CSCO	B	0.76%	0.68%	0.68%
CSGS	B	0.01%	0.01%	0.01%
CSX	C	0.21%	0.11%	0.11%
CTAS	B	0.27%	0.19%	0.19%
CVLT	B	0.03%	0.04%	0.03%
DASH	B	0.22%	0.11%	0.11%
DLTR	F	0.04%	0.03%	0.03%
DORM	B	0.02%	0.02%	0.02%
DOX	D	0.03%	0.03%	0.03%
EA	A	0.14%	0.18%	0.14%
EBAY	D	0.1%	0.36%	0.1%
ECPG	C	0.01%	0.01%	0.01%
ERIE	D	0.07%	0.04%	0.04%
EVRG	A	0.04%	0.02%	0.02%
EWBC	A	0.05%	0.02%	0.02%
EXC	C	0.13%	0.07%	0.07%
EXEL	B	0.04%	0.05%	0.04%
FANG	C	0.17%	0.05%	0.05%
FAST	B	0.16%	0.13%	0.13%
FCNCA	A	0.1%	0.06%	0.06%
FELE	B	0.02%	0.01%	0.01%
FFIV	B	0.04%	0.06%	0.04%
FITB	B	0.09%	0.04%	0.04%
FLEX	B	0.05%	0.05%	0.05%
FOXA	A	0.03%	0.11%	0.03%
FTNT	C	0.24%	0.07%	0.07%
FYBR	C	0.03%	0.01%	0.01%
GEHC	D	0.12%	0.07%	0.07%
GEN	B	0.06%	0.11%	0.06%
GIII	D	0.01%	0.01%	0.01%
GILD	C	0.36%	0.87%	0.36%
GLPI	C	0.04%	0.07%	0.04%
GNTX	C	0.02%	0.05%	0.02%
GT	C	0.01%	0.02%	0.01%
HBAN	A	0.08%	0.03%	0.03%
HOLX	D	0.06%	0.03%	0.03%
HOOD	B	0.08%	0.04%	0.04%
HSIC	C	0.03%	0.03%	0.03%
HST	C	0.04%	0.02%	0.02%
HUBG	A	0.01%	0.04%	0.01%
IBKR	A	0.07%	0.06%	0.06%
ICUI	D	0.02%	0.01%	0.01%
IDCC	B	0.01%	0.01%	0.01%
IDXX	F	0.11%	0.05%	0.05%
IMKTA	C	0.01%	0.01%	0.01%
INCY	C	0.05%	0.01%	0.01%
INTC	C	0.35%	0.2%	0.2%
IOSP	C	0.01%	0.02%	0.01%
ISRG	A	0.61%	0.29%	0.29%
JBHT	C	0.06%	0.02%	0.02%
JBLU	F	0.01%	0.02%	0.01%
JKHY	D	0.04%	0.1%	0.04%
KALU	C	0.01%	0.01%	0.01%
KDP	F	0.14%	0.07%	0.07%
KHC	F	0.12%	0.15%	0.12%
KLAC	F	0.27%	0.23%	0.23%
LAMR	C	0.03%	0.05%	0.03%
LANC	C	0.02%	0.04%	0.02%
LAUR	A	0.01%	0.02%	0.01%
LBRDK	C	0.04%	0.03%	0.03%
LECO	C	0.04%	0.06%	0.04%
LNT	A	0.05%	0.02%	0.02%
LNW	F	0.03%	0.02%	0.02%
LOPE	C	0.02%	0.05%	0.02%
LPLA	A	0.08%	0.07%	0.07%
LRCX	F	0.3%	0.17%	0.17%
LSTR	D	0.02%	0.09%	0.02%
MANH	D	0.06%	0.03%	0.03%
MAR	A	0.25%	0.04%	0.04%
MASI	B	0.03%	0.03%	0.03%
MDLZ	F	0.28%	0.23%	0.23%
META	D	4.0%	2.35%	2.35%
MKSI	C	0.02%	0.01%	0.01%
MKTX	D	0.04%	0.02%	0.02%
MLKN	F	0.01%	0.01%	0.01%
MNST	C	0.17%	0.07%	0.07%
MORN	B	0.05%	0.03%	0.03%
MPWR	F	0.09%	0.06%	0.06%
MU	D	0.35%	0.16%	0.16%
NAVI	F	0.01%	0.02%	0.01%
NBIX	C	0.04%	0.04%	0.04%
NDAQ	A	0.15%	0.05%	0.05%
NDSN	B	0.05%	0.04%	0.04%
NFLX	A	1.17%	0.52%	0.52%
NSIT	F	0.01%	0.05%	0.01%
NTAP	C	0.08%	0.1%	0.08%
NTCT	C	0.01%	0.02%	0.01%
NTRS	A	0.07%	0.03%	0.03%
NVDA	B	11.52%	1.9%	1.9%
NWL	C	0.02%	0.02%	0.02%
NWSA	A	0.04%	0.04%	0.04%
NXST	C	0.02%	0.05%	0.02%
ODFL	C	0.15%	0.02%	0.02%
ODP	F	0.01%	0.02%	0.01%
ONB	C	0.02%	0.01%	0.01%
ORLY	B	0.23%	0.2%	0.2%
OSIS	A	0.01%	0.02%	0.01%
PANW	B	0.41%	0.25%	0.25%
PARA	C	0.03%	0.01%	0.01%
PAYX	B	0.17%	0.04%	0.04%
PDCO	F	0.01%	0.02%	0.01%
PECO	A	0.02%	0.01%	0.01%
PEP	F	0.7%	0.74%	0.7%
PFG	D	0.06%	0.01%	0.01%
PINC	B	0.01%	0.03%	0.01%
PLXS	B	0.02%	0.03%	0.02%
POOL	C	0.04%	0.07%	0.04%
PPC	C	0.04%	0.01%	0.01%
PSMT	D	0.01%	0.01%	0.01%
PTC	B	0.07%	0.04%	0.04%
PTEN	C	0.01%	0.01%	0.01%
PYPL	B	0.29%	0.12%	0.12%
QCOM	F	0.59%	0.77%	0.59%
QRVO	F	0.02%	0.01%	0.01%
REGN	F	0.27%	0.36%	0.27%
RGLD	C	0.03%	0.04%	0.03%
ROP	B	0.19%	0.06%	0.06%
RPRX	D	0.04%	0.03%	0.03%
RUSHA	C	0.02%	0.04%	0.02%
SAIC	F	0.03%	0.01%	0.01%
SANM	B	0.02%	0.04%	0.02%
SATS	D	0.01%	0.01%	0.01%
SBAC	D	0.08%	0.03%	0.03%
SBUX	A	0.37%	0.09%	0.09%
SEIC	B	0.04%	0.09%	0.04%
SFM	A	0.05%	0.25%	0.05%
SHOO	F	0.01%	0.03%	0.01%
SIGI	C	0.02%	0.01%	0.01%
SKYW	C	0.02%	0.07%	0.02%
SLM	A	0.02%	0.06%	0.02%
SMCI	F	0.04%	0.05%	0.04%
SSNC	B	0.06%	0.02%	0.02%
STLD	B	0.07%	0.04%	0.04%
STRA	C	0.01%	0.01%	0.01%
TER	F	0.06%	0.03%	0.03%
TMUS	B	0.89%	0.43%	0.43%
TROW	B	0.08%	0.09%	0.08%
TSCO	D	0.1%	0.11%	0.1%
TTEK	F	0.04%	0.01%	0.01%
TTMI	C	0.01%	0.02%	0.01%
TTWO	A	0.1%	0.07%	0.07%
TW	A	0.05%	0.06%	0.05%
TXN	C	0.59%	0.29%	0.29%
TXRH	B	0.04%	0.06%	0.04%
UAL	A	0.1%	0.02%	0.02%
UFPI	C	0.02%	0.07%	0.02%
ULTA	F	0.05%	0.04%	0.04%
URBN	C	0.01%	0.05%	0.01%
UTHR	C	0.05%	0.19%	0.05%
VC	F	0.01%	0.03%	0.01%
VIRT	A	0.02%	0.06%	0.02%
VRSK	A	0.13%	0.16%	0.13%
VRSN	C	0.06%	0.04%	0.04%
VRTX	D	0.39%	0.22%	0.22%
VTRS	A	0.05%	0.14%	0.05%
WAFD	B	0.01%	0.01%	0.01%
WBA	F	0.02%	0.12%	0.02%
WDC	D	0.07%	0.08%	0.07%
WEN	D	0.01%	0.05%	0.01%
WERN	C	0.01%	0.04%	0.01%
WTFC	A	0.03%	0.01%	0.01%
WTW	B	0.11%	0.11%	0.11%
WWD	C	0.03%	0.01%	0.01%
XRAY	F	0.01%	0.02%	0.01%
XRX	F	0.01%	0.01%	0.01%
ZBRA	B	0.07%	0.04%	0.04%
ZION	B	0.03%	0.02%	0.02%

ONEQ Overweight 613 Positions Relative to MFUS

Symbol	Grade	Weight
MSFT	D	10.23%
TSLA	B	3.4%
GOOGL	C	3.35%
GOOG	C	3.22%
AMD	F	0.72%
LIN	C	0.69%
INTU	B	0.63%
HON	C	0.49%
ADI	D	0.34%
MELI	C	0.32%
EQIX	A	0.28%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	B	0.26%
MRVL	B	0.25%
PDD	F	0.25%
ASML	F	0.21%
MSTR	B	0.2%
ABNB	C	0.19%
PCAR	B	0.19%
NXPI	D	0.18%
WDAY	B	0.18%
TTD	B	0.17%
ROST	D	0.15%
AXON	A	0.14%
CTSH	B	0.13%
DDOG	A	0.13%
TEAM	A	0.13%
ACGL	C	0.13%
XEL	A	0.13%
AZN	F	0.12%
LULU	C	0.12%
MCHP	F	0.11%
CCEP	C	0.11%
ON	D	0.1%
ZS	B	0.1%
CSGP	D	0.1%
DXCM	C	0.1%
GFS	C	0.08%
WBD	B	0.08%
TCOM	B	0.08%
FSLR	F	0.07%
STX	C	0.07%
ZM	C	0.07%
MDB	B	0.07%
EXPE	B	0.07%
ILMN	C	0.07%
TRMB	B	0.06%
NTNX	B	0.06%
JD	D	0.06%
NTRA	A	0.06%
ARGX	B	0.06%
GRAB	A	0.06%
PODD	C	0.06%
DKNG	B	0.06%
CHKP	C	0.06%
BSY	F	0.05%
SAIA	B	0.05%
MRNA	F	0.05%
ENTG	D	0.05%
SNY	F	0.05%
DOCU	B	0.05%
AFRM	A	0.05%
ICLR	D	0.05%
SOFI	B	0.05%
ARM	F	0.05%
RIVN	F	0.04%
TECH	F	0.04%
NTES	D	0.04%
DUOL	A	0.04%
AAON	B	0.04%
PAA	B	0.04%
PCTY	C	0.04%
RKLB	A	0.04%
BIDU	F	0.04%
LOGI	D	0.04%
OKTA	C	0.04%
SWKS	F	0.04%
MNDY	C	0.04%
Z	A	0.04%
SMMT	D	0.04%
CYBR	A	0.04%
REG	A	0.04%
CZR	F	0.03%
BOKF	B	0.03%
CSWI	B	0.03%
COLB	B	0.03%
CHRD	D	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
APA	D	0.03%
GTLB	B	0.03%
OTEX	F	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
PEGA	B	0.03%
ROIV	C	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	D	0.03%
ROKU	D	0.03%
FOX	A	0.03%
AAL	B	0.03%
HQY	A	0.03%
ITCI	C	0.03%
HAS	D	0.03%
WYNN	C	0.03%
MEDP	D	0.03%
LKQ	F	0.03%
WING	D	0.03%
CHDN	B	0.03%
BGNE	D	0.03%
EXAS	D	0.03%
RVMD	C	0.03%
FUTU	D	0.03%
PCVX	D	0.03%
INSM	C	0.03%
MTSI	B	0.03%
BNTX	C	0.03%
SRPT	F	0.03%
WIX	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	C	0.02%
VERX	A	0.02%
GSHD	A	0.02%
OZK	B	0.02%
WDFC	B	0.02%
VRRM	F	0.02%
TBBK	B	0.02%
GH	B	0.02%
TGTX	B	0.02%
FTDR	B	0.02%
WSFS	B	0.02%
AUR	C	0.02%
CCOI	B	0.02%
GLNG	C	0.02%
QFIN	A	0.02%
MGEE	B	0.02%
FRSH	B	0.02%
ALGM	D	0.02%
IPAR	B	0.02%
CVCO	A	0.02%
PI	D	0.02%
CATY	B	0.02%
BLKB	B	0.02%
APPF	B	0.02%
AEIS	C	0.02%
KRYS	C	0.02%
KTOS	B	0.02%
NWS	A	0.02%
LI	F	0.02%
ALKT	B	0.02%
CHCI	D	0.02%
COLM	C	0.02%
BBIO	F	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
VICR	C	0.02%
BANF	B	0.02%
LNTH	D	0.02%
TFSL	A	0.02%
FIVE	F	0.02%
SBRA	C	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
BPMC	B	0.02%
BGC	C	0.02%
PAYO	A	0.02%
TCBI	C	0.02%
ALKS	C	0.02%
IEP	F	0.02%
WMG	D	0.02%
VCTR	B	0.02%
ROAD	B	0.02%
DJT	C	0.02%
EEFT	B	0.02%
IBOC	B	0.02%
INTA	B	0.02%
TIGO	D	0.02%
NUVL	C	0.02%
USLM	A	0.02%
IONS	F	0.02%
VKTX	F	0.02%
NCNO	C	0.02%
PRCT	B	0.02%
ITRI	C	0.02%
QLYS	B	0.02%
EXPO	D	0.02%
HALO	F	0.02%
BECN	B	0.02%
STEP	C	0.02%
CYTK	F	0.02%
RMBS	B	0.02%
VRNS	D	0.02%
TENB	C	0.02%
VLY	B	0.02%
BPOP	C	0.02%
SITM	B	0.02%
CHX	C	0.02%
LCID	F	0.02%
DBX	B	0.02%
HWC	B	0.02%
ALTR	B	0.02%
CELH	F	0.02%
ETSY	D	0.02%
CWST	A	0.02%
REYN	D	0.02%
MMSI	A	0.02%
HTHT	D	0.02%
WFRD	D	0.02%
MARA	B	0.02%
ACT	C	0.02%
AVAV	C	0.02%
RDNT	B	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	D	0.02%
WSC	F	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
STRL	A	0.02%
ACIW	B	0.02%
CGNX	D	0.02%
RCM	A	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
CORT	B	0.02%
IESC	C	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	D	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
ENSG	C	0.02%
XP	F	0.02%
CRVL	B	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
TPG	A	0.02%
MIDD	C	0.02%
FRPT	A	0.02%
OLED	F	0.02%
LYFT	C	0.02%
SPSC	D	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
ASND	F	0.02%
FFIN	B	0.02%
COLL	F	0.01%
SRAD	A	0.01%
BFST	C	0.01%
KRUS	B	0.01%
WOOF	D	0.01%
BLMN	F	0.01%
PGNY	F	0.01%
LQDA	F	0.01%
PSNY	F	0.01%
GRFS	C	0.01%
JACK	C	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	C	0.01%
MOMO	D	0.01%
EBTC	C	0.01%
EMBC	C	0.01%
GDEN	B	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	B	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%
PYCR	B	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TTGT	B	0.01%
TRDA	C	0.01%
STAA	F	0.01%
ASTL	B	0.01%
KC	B	0.01%
VRNT	C	0.01%
HROW	D	0.01%
NSSC	D	0.01%
VITL	D	0.01%
SPRY	C	0.01%
AOSL	C	0.01%
THRM	F	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%
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	C	0.01%
IBUY	B	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	B	0.01%
RNW	D	0.01%
AVO	C	0.01%
SPT	C	0.01%
CMCO	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
CNDT	C	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	B	0.01%
FLYW	B	0.01%
DOOO	F	0.01%
PFC	B	0.01%
SOUN	B	0.01%
DAWN	D	0.01%
UCTT	D	0.01%
TNDM	D	0.01%
SNDX	F	0.01%
MRTN	D	0.01%
SIMO	D	0.01%
UDMY	D	0.01%
WB	D	0.01%
SABR	C	0.01%
AHCO	F	0.01%
HLIT	D	0.01%
LBRDA	C	0.01%
SPNS	F	0.01%
INMD	C	0.01%
PLAB	C	0.01%
KRNT	B	0.01%
RDWR	B	0.01%
TVTX	C	0.01%
DLO	C	0.01%
SCSC	C	0.01%
FTRE	D	0.01%
INFN	D	0.01%
INVA	D	0.01%
UNIT	B	0.01%
HBNC	B	0.01%
CRAI	C	0.01%
ARVN	F	0.01%
MBUU	B	0.01%
QNST	B	0.01%
WABC	B	0.01%
SAFT	B	0.01%
ACLS	F	0.01%
IAS	C	0.01%
MCRI	A	0.01%
ATEX	F	0.01%
WINA	C	0.01%
ENVX	F	0.01%
HAIN	D	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	F	0.01%
NVCR	C	0.01%
RXST	F	0.01%
CRTO	D	0.01%
NEO	C	0.01%
AMSF	B	0.01%
FA	C	0.01%
PEBO	B	0.01%
MSEX	C	0.01%
PFBC	B	0.01%
TCBK	C	0.01%
ULH	C	0.01%
NEXT	C	0.01%
AKRO	B	0.01%
AZTA	D	0.01%
GDYN	B	0.01%
UPBD	B	0.01%
PAGP	A	0.01%
AXNX	A	0.01%
AUPH	B	0.01%
SBLK	F	0.01%
DGII	C	0.01%
HRMY	D	0.01%
MNKD	C	0.01%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	D	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	A	0.01%
LBPH	A	0.01%
PTGX	D	0.01%
AY	A	0.01%
ATSG	B	0.01%
DVAX	C	0.01%
TARS	C	0.01%
BUSE	B	0.01%
DNUT	F	0.01%
TMDX	F	0.01%
VSEC	C	0.01%
RRR	F	0.01%
IDYA	F	0.01%
TRMD	F	0.01%
GTX	C	0.01%
BEAM	D	0.01%
GABC	B	0.01%
LKFN	C	0.01%
ZLAB	C	0.01%
INBK	B	0.01%
JANX	C	0.01%
HPK	B	0.01%
RIOT	C	0.01%
LGIH	F	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	F	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
MBIN	F	0.01%
VERA	C	0.01%
APPN	B	0.01%
ATAT	C	0.01%
NWBI	B	0.01%
ROIC	A	0.01%
JAMF	F	0.01%
EXTR	C	0.01%
ADUS	D	0.01%
BILI	D	0.01%
CAKE	C	0.01%
EVCM	B	0.01%
HOPE	C	0.01%
SUPN	C	0.01%
STBA	B	0.01%
CPRX	C	0.01%
XNCR	B	0.01%
CNXC	F	0.01%
PTVE	B	0.01%
GDS	C	0.01%
YY	B	0.01%
PLUS	F	0.01%
PRDO	B	0.01%
ROCK	C	0.01%
RPD	B	0.01%
IRTC	C	0.01%
VBTX	B	0.01%
SASR	B	0.01%
CHCO	B	0.01%
XPEL	B	0.01%
DCOM	B	0.01%
LGND	C	0.01%
NMRK	C	0.01%
CGON	F	0.01%
ALHC	C	0.01%
PRVA	C	0.01%
ARWR	D	0.01%
WSBC	B	0.01%
NNBR	C	0.01%
CAR	C	0.01%
ARCB	C	0.01%
CLBK	C	0.01%
SYBT	B	0.01%
AMRX	C	0.01%
OSW	B	0.01%
SBCF	B	0.01%
FLNC	D	0.01%
AMPH	F	0.01%
FRME	B	0.01%
VRNA	B	0.01%
UFPT	C	0.01%
WULF	C	0.01%
CASH	B	0.01%
MGNI	B	0.01%
KROS	D	0.01%
GOGL	F	0.01%
CIFR	C	0.01%
HURN	C	0.01%
CLSK	C	0.01%
VCYT	B	0.01%
OPCH	D	0.01%
TRUP	B	0.01%
FORM	D	0.01%
FIVN	C	0.01%
STNE	F	0.01%
EFSC	B	0.01%
FBNC	B	0.01%
HEES	C	0.01%
KLIC	B	0.01%
SKWD	A	0.01%
LIVN	F	0.01%
TRMK	C	0.01%
NWE	B	0.01%
LMAT	A	0.01%
ICFI	F	0.01%
MYRG	B	0.01%
ALRM	C	0.01%
VIAV	C	0.01%
FFBC	B	0.01%
APLS	F	0.01%
MRUS	F	0.01%
SMTC	B	0.01%
TFIN	B	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
HCP	B	0.01%
GGAL	B	0.01%
ASTE	C	0.01%
FROG	C	0.01%
EWTX	C	0.01%
SWTX	C	0.01%
EXPI	D	0.01%
NBTB	B	0.01%
BRZE	C	0.01%
SYNA	C	0.01%
VCEL	B	0.01%
ERIC	C	0.01%
MRCY	C	0.01%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
SRRK	C	0.01%
MGRC	B	0.01%
NPAB	F	0.01%
PPBI	C	0.01%
PATK	C	0.01%
ACAD	C	0.01%
ACHC	F	0.01%
ATRC	C	0.01%
INDB	B	0.01%
NARI	C	0.01%
FOLD	F	0.01%
PLMR	A	0.01%
RBCAA	B	0.01%
ZD	B	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	D	0.01%
RNA	C	0.01%
SLAB	F	0.01%
ESGR	B	0.01%
VOD	F	0.01%
POWI	F	0.01%
CARG	B	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	F	0.01%
IRDM	D	0.01%
FULT	A	0.01%
XENE	D	0.01%
JJSF	C	0.01%
PTCT	B	0.01%
IBTX	B	0.01%
NMIH	C	0.01%
PENN	C	0.01%
BZ	F	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	B	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%
RARE	F	0.01%
HTLF	B	0.01%
PCH	F	0.01%
FIBK	B	0.01%
SMPL	B	0.01%
SNEX	B	0.01%
FHB	B	0.01%
IMVT	F	0.01%
CRSP	D	0.01%
AGYS	A	0.01%
POWL	C	0.01%

ONEQ Underweight 598 Positions Relative to MFUS

Symbol	Grade	Weight
BRK.A	B	-2.42%
LLY	F	-2.39%
WMT	A	-1.71%
ORCL	A	-1.52%
ABBV	F	-1.36%
JNJ	C	-1.18%
IBM	C	-1.05%
PG	C	-1.01%
VZ	C	-1.0%
KO	D	-1.0%
JPM	A	-0.99%
WFC	A	-0.97%
PM	B	-0.87%
MRK	D	-0.84%
UNH	B	-0.79%
LMT	D	-0.75%
TGT	F	-0.74%
MO	A	-0.73%
T	A	-0.73%
C	A	-0.69%
CVS	D	-0.65%
MCK	A	-0.63%
HD	B	-0.62%
MMM	D	-0.6%
PGR	A	-0.59%
PFE	F	-0.57%
GE	D	-0.56%
MCD	D	-0.53%
UNP	C	-0.51%
BAC	A	-0.45%
XOM	B	-0.43%
GS	A	-0.41%
BMY	B	-0.41%
GM	C	-0.4%
CVX	A	-0.39%
KR	B	-0.38%
TJX	A	-0.37%
NOW	A	-0.36%
CL	D	-0.35%
LOW	C	-0.35%
NOC	D	-0.35%
MPC	D	-0.34%
AIG	B	-0.34%
MET	A	-0.32%
V	A	-0.31%
SYF	B	-0.31%
ICE	C	-0.29%
COF	C	-0.29%
SPGI	C	-0.29%
THC	D	-0.28%
WM	B	-0.28%
MA	B	-0.28%
HPQ	B	-0.28%
TMO	F	-0.28%
AZO	C	-0.28%
CAH	B	-0.27%
LHX	C	-0.26%
ALL	A	-0.26%
FICO	B	-0.25%
ACN	B	-0.25%
HCA	F	-0.25%
ANF	F	-0.25%
DHR	F	-0.24%
GD	D	-0.24%
UPS	C	-0.24%
AON	A	-0.24%
AXP	A	-0.23%
PLTR	B	-0.23%
PSX	C	-0.23%
PRU	A	-0.23%
VST	A	-0.23%
RTX	D	-0.22%
SHW	B	-0.22%
NEE	C	-0.22%
ADM	D	-0.22%
MS	A	-0.22%
UBER	F	-0.21%
BBY	D	-0.21%
LII	A	-0.21%
AFL	B	-0.21%
GWW	B	-0.21%
MSI	B	-0.2%
MMC	B	-0.2%
GLW	B	-0.2%
TRV	B	-0.2%
BSX	A	-0.2%
CAT	B	-0.2%
CMG	B	-0.2%
FI	A	-0.19%
BLK	B	-0.19%
TSN	B	-0.18%
BK	A	-0.18%
AMP	A	-0.18%
WSM	C	-0.18%
DECK	A	-0.17%
HWM	A	-0.17%
COR	B	-0.17%
BR	A	-0.17%
WSO	A	-0.17%
GIS	D	-0.17%
ELV	F	-0.16%
NEM	D	-0.16%
AJG	A	-0.16%
RMD	C	-0.16%
F	C	-0.16%
DVA	C	-0.16%
CB	C	-0.16%
MUSA	B	-0.16%
VLO	C	-0.16%
KMB	C	-0.16%
SPG	A	-0.16%
TDG	D	-0.15%
MCO	B	-0.15%
BAH	F	-0.15%
IT	C	-0.15%
K	A	-0.15%
LYB	F	-0.15%
KKR	A	-0.15%
ANET	C	-0.14%
CMI	A	-0.14%
PH	A	-0.14%
BX	A	-0.13%
SO	C	-0.13%
DPZ	C	-0.13%
EVR	B	-0.13%
DUK	C	-0.13%
JNPR	D	-0.13%
RSG	A	-0.13%
RPM	A	-0.13%
AMT	C	-0.13%
CI	D	-0.13%
YUM	D	-0.13%
IRM	C	-0.12%
WELL	A	-0.12%
PNC	B	-0.12%
BRO	B	-0.12%
GDDY	A	-0.12%
PWR	A	-0.12%
SYY	D	-0.12%
APH	A	-0.12%
CLX	A	-0.12%
CW	C	-0.11%
KMI	A	-0.11%
TRGP	A	-0.11%
EXPD	C	-0.11%
USB	A	-0.11%
CRS	B	-0.11%
HPE	B	-0.11%
ALSN	B	-0.11%
EFX	F	-0.11%
EXR	C	-0.11%
BWXT	B	-0.11%
LDOS	C	-0.11%
BDX	F	-0.11%
PHM	D	-0.1%
OKE	A	-0.1%
HLT	A	-0.1%
AYI	B	-0.1%
PKG	A	-0.1%
JXN	C	-0.1%
WMB	A	-0.1%
DD	C	-0.1%
ITW	B	-0.1%
RCL	A	-0.1%
DFS	B	-0.1%
XYL	D	-0.1%
AIZ	A	-0.09%
TFC	A	-0.09%
DGX	A	-0.09%
TAP	C	-0.09%
MLI	B	-0.09%
EMR	B	-0.09%
IEX	C	-0.09%
DG	F	-0.09%
ARES	A	-0.09%
WCC	B	-0.09%
IR	B	-0.09%
DLR	B	-0.09%
IP	A	-0.09%
EHC	B	-0.09%
CACI	D	-0.09%
TMHC	C	-0.09%
NVR	D	-0.09%
URI	C	-0.09%
AVY	F	-0.09%
GPI	B	-0.09%
PSA	C	-0.09%
HRB	D	-0.08%
LPX	B	-0.08%
DKS	D	-0.08%
AOS	F	-0.08%
SLG	B	-0.08%
ECL	D	-0.08%
SRE	A	-0.08%
NUE	C	-0.08%
GPK	C	-0.08%
ABG	C	-0.08%
ATR	B	-0.08%
TYL	B	-0.08%
MTD	F	-0.08%
HLI	A	-0.08%
ITT	A	-0.08%
EQH	C	-0.08%
ROL	B	-0.07%
MSCI	C	-0.07%
SCI	B	-0.07%
JCI	B	-0.07%
EXP	B	-0.07%
CHD	A	-0.07%
CCI	C	-0.07%
COP	C	-0.07%
BCC	B	-0.07%
INGR	C	-0.07%
NSC	B	-0.07%
D	C	-0.07%
MLM	C	-0.07%
GEO	B	-0.07%
CNX	A	-0.07%
VNO	C	-0.07%
THO	B	-0.07%
NRG	B	-0.07%
R	B	-0.07%
BALL	F	-0.07%
AEO	F	-0.07%
STE	D	-0.07%
OTIS	C	-0.07%
FIS	C	-0.07%
HCC	B	-0.07%
STZ	D	-0.06%
G	B	-0.06%
BC	C	-0.06%
GAP	C	-0.06%
SEE	C	-0.06%
ATGE	B	-0.06%
TPH	D	-0.06%
BFH	C	-0.06%
JLL	D	-0.06%
NKE	F	-0.06%
HIG	B	-0.06%
GNRC	C	-0.06%
CPT	B	-0.06%
BERY	C	-0.06%
KTB	B	-0.06%
CHE	D	-0.06%
CCK	D	-0.06%
UHS	D	-0.06%
CMC	B	-0.06%
PEG	A	-0.06%
MTH	D	-0.06%
FIX	A	-0.06%
LUMN	C	-0.06%
MAS	D	-0.06%
WU	F	-0.06%
SQ	A	-0.06%
L	A	-0.06%
PK	C	-0.06%
DHI	F	-0.06%
TTC	C	-0.06%
AMG	B	-0.06%
AN	C	-0.06%
RGA	A	-0.06%
MSM	C	-0.06%
OMC	C	-0.06%
TOL	B	-0.06%
LEN	D	-0.06%
TDS	B	-0.05%
NFG	A	-0.05%
CNO	B	-0.05%
PRIM	A	-0.05%
THG	A	-0.05%
AR	B	-0.05%
ETR	B	-0.05%
MOG.A	B	-0.05%
SUI	C	-0.05%
TGNA	B	-0.05%
A	D	-0.05%
WST	C	-0.05%
MTN	C	-0.05%
CBRE	B	-0.05%
CARR	C	-0.05%
CRI	F	-0.05%
USFD	A	-0.05%
SLGN	A	-0.05%
EIX	B	-0.05%
POST	C	-0.05%
SCHW	B	-0.05%
ZTS	D	-0.05%
TEX	F	-0.05%
KD	B	-0.05%
CBT	D	-0.05%
GVA	A	-0.05%
HBI	B	-0.05%
ALLY	C	-0.05%
FCN	F	-0.05%
WAB	B	-0.05%
MMS	F	-0.05%
HSY	F	-0.05%
WAT	C	-0.05%
BTU	B	-0.05%
ED	C	-0.05%
O	C	-0.05%
MKC	C	-0.05%
SON	F	-0.04%
OSK	C	-0.04%
XPO	B	-0.04%
TKR	D	-0.04%
EQR	C	-0.04%
PPL	A	-0.04%
AWI	A	-0.04%
SEM	B	-0.04%
AMH	C	-0.04%
CXW	C	-0.04%
ESS	B	-0.04%
INVH	D	-0.04%
SMG	C	-0.04%
JWN	D	-0.04%
CTVA	C	-0.04%
PSTG	D	-0.04%
BDC	C	-0.04%
SLVM	B	-0.04%
CLH	C	-0.04%
FLO	D	-0.04%
WH	B	-0.04%
ELS	C	-0.04%
FL	F	-0.04%
MTB	A	-0.04%
EMN	C	-0.04%
OLN	F	-0.04%
CFG	B	-0.04%
ARW	D	-0.04%
CAG	F	-0.04%
CPNG	D	-0.04%
TRN	B	-0.04%
VTR	B	-0.04%
BLDR	D	-0.04%
FDS	B	-0.04%
BAX	F	-0.04%
CUBE	C	-0.04%
SJM	D	-0.04%
WTM	A	-0.04%
OGN	F	-0.04%
ATI	C	-0.04%
IPG	D	-0.04%
MAC	B	-0.04%
GBX	A	-0.04%
HEI	A	-0.04%
FTI	A	-0.04%
VLTO	C	-0.04%
SIG	B	-0.04%
MHO	D	-0.04%
CNC	D	-0.04%
GATX	A	-0.04%
CRBG	B	-0.04%
EME	A	-0.04%
JHG	B	-0.04%
CMA	B	-0.04%
UNM	A	-0.04%
RS	B	-0.04%
PPG	F	-0.04%
AROC	A	-0.04%
ABM	B	-0.04%
DCI	B	-0.04%
DOV	A	-0.04%
RRC	B	-0.03%
HXL	F	-0.03%
GMED	A	-0.03%
DRH	B	-0.03%
PNM	B	-0.03%
ACA	A	-0.03%
KMPR	A	-0.03%
LZB	B	-0.03%
KEY	B	-0.03%
WPC	C	-0.03%
HAE	C	-0.03%
UNF	B	-0.03%
APAM	B	-0.03%
FNF	B	-0.03%
MAN	F	-0.03%
DK	C	-0.03%
JEF	A	-0.03%
COLD	D	-0.03%
DRI	B	-0.03%
BKE	B	-0.03%
FHI	B	-0.03%
MRO	B	-0.03%
LNC	C	-0.03%
AVTR	F	-0.03%
OMF	A	-0.03%
BURL	B	-0.03%
X	B	-0.03%
DELL	B	-0.03%
UDR	B	-0.03%
WHR	B	-0.03%
OI	C	-0.03%
PRG	C	-0.03%
APLE	B	-0.03%
IFF	D	-0.03%
JBL	C	-0.03%
AVB	B	-0.03%
AVA	A	-0.03%
DBRG	F	-0.03%
CMS	C	-0.03%
LW	C	-0.03%
COHR	B	-0.03%
RL	C	-0.03%
FE	C	-0.03%
GMS	B	-0.03%
BKU	A	-0.03%
CDP	C	-0.03%
RLI	A	-0.03%
BLD	D	-0.03%
DDS	B	-0.03%
GGG	B	-0.03%
KBH	D	-0.03%
GNW	A	-0.03%
SM	B	-0.03%
IVZ	B	-0.03%
HUBB	B	-0.03%
CPAY	A	-0.03%
MC	C	-0.03%
MATX	C	-0.03%
ES	C	-0.03%
TPX	B	-0.03%
NYT	D	-0.03%
BJ	A	-0.03%
ACM	B	-0.03%
LXP	D	-0.02%
SAH	C	-0.02%
KEX	B	-0.02%
LEG	F	-0.02%
VSH	F	-0.02%
KIM	A	-0.02%
AA	A	-0.02%
SF	B	-0.02%
BHE	C	-0.02%
GME	C	-0.02%
WBS	A	-0.02%
PHIN	A	-0.02%
ATO	A	-0.02%
BEN	C	-0.02%
RF	A	-0.02%
WAL	B	-0.02%
CSL	C	-0.02%
AXTA	B	-0.02%
BXP	C	-0.02%
APG	B	-0.02%
DOW	F	-0.02%
SNV	C	-0.02%
NSP	F	-0.02%
HP	C	-0.02%
VFC	C	-0.02%
DNOW	B	-0.02%
DTE	C	-0.02%
LAD	A	-0.02%
REZI	A	-0.02%
PMT	C	-0.02%
HNI	B	-0.02%
WKC	C	-0.02%
HRL	D	-0.02%
SNDR	B	-0.02%
WMS	F	-0.02%
PNR	A	-0.02%
EPC	F	-0.02%
M	F	-0.02%
MAA	B	-0.02%
AGCO	D	-0.02%
KBR	F	-0.02%
PFSI	C	-0.02%
VVV	D	-0.02%
THS	D	-0.02%
RHI	C	-0.02%
SKX	D	-0.02%
CC	C	-0.02%
DLB	B	-0.02%
OHI	C	-0.02%
MDU	D	-0.02%
OC	A	-0.02%
SXT	C	-0.02%
RLJ	C	-0.02%
YELP	C	-0.02%
GWRE	A	-0.02%
SAM	C	-0.02%
CTLT	C	-0.02%
PSN	D	-0.02%
NI	A	-0.02%
XHR	B	-0.02%
PBF	D	-0.02%
VSCO	C	-0.02%
MCY	A	-0.02%
AIR	B	-0.02%
HOG	D	-0.02%
CE	F	-0.02%
FAF	A	-0.02%
SBH	C	-0.02%
PAG	B	-0.02%
HII	F	-0.02%
BFAM	D	-0.02%
VSTO	A	-0.02%
KSS	F	-0.02%
PVH	C	-0.02%
CCL	A	-0.02%
RYN	D	-0.02%
ADNT	F	-0.02%
ORA	B	-0.02%
MTG	C	-0.02%
TFX	F	-0.02%
GEF	A	-0.02%
MSA	F	-0.02%
WRB	A	-0.02%
NEU	D	-0.02%
GHC	B	-0.02%
STC	B	-0.02%
SVC	F	-0.01%
AAP	D	-0.01%
CPRI	F	-0.01%
NOV	C	-0.01%
KNX	C	-0.01%
RKT	F	-0.01%
UHAL	D	-0.01%
JELD	F	-0.01%
DINO	D	-0.01%
SCL	C	-0.01%
IGT	F	-0.01%
RVTY	F	-0.01%
ARI	C	-0.01%
WOR	F	-0.01%
ELAN	D	-0.01%
SPR	D	-0.01%
CLF	F	-0.01%
ACI	C	-0.01%
UGI	C	-0.01%
ALEX	B	-0.01%
UVV	B	-0.01%
JBGS	F	-0.01%
HTH	C	-0.01%
SEB	F	-0.01%
RDN	D	-0.01%
SR	A	-0.01%
ARMK	B	-0.01%
OUT	A	-0.01%
PNW	A	-0.01%
SHO	D	-0.01%
WGO	C	-0.01%
CNS	B	-0.01%
SSB	B	-0.01%
SWX	B	-0.01%
ESI	B	-0.01%
CVI	F	-0.01%
MOS	F	-0.01%
ARCH	B	-0.01%
PB	B	-0.01%
CNM	D	-0.01%
OMI	F	-0.01%
FDP	B	-0.01%
LEA	F	-0.01%
BRC	D	-0.01%
DY	D	-0.01%
SPB	C	-0.01%
NNN	C	-0.01%
AES	F	-0.01%
CFR	B	-0.01%
DAN	D	-0.01%
WMK	C	-0.01%
MHK	D	-0.01%
FLR	B	-0.01%
KN	B	-0.01%
BBWI	C	-0.01%
ESNT	F	-0.01%
TPR	B	-0.01%
DXC	B	-0.01%
LADR	B	-0.01%
NNI	D	-0.01%
GES	F	-0.01%
ESAB	C	-0.01%
CWEN	C	-0.01%
MUR	D	-0.01%
CR	A	-0.01%
TNET	F	-0.01%
HE	C	-0.01%
CADE	B	-0.01%
FHN	A	-0.01%
ADC	A	-0.01%
H	B	-0.01%
RBC	A	-0.01%
UHAL	D	-0.01%
BWA	D	-0.01%
SLB	C	-0.01%
GOLF	B	-0.01%
FR	D	-0.01%
DTM	A	-0.01%
DEI	B	-0.01%
SCS	C	-0.01%
VNT	C	-0.01%
TDC	D	-0.01%
SCCO	F	-0.0%
NOMD	D	-0.0%
WOLF	F	-0.0%
HUN	F	-0.0%