ONEQ vs. RWL ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	RWL
30 Days	4.10%	4.90%
60 Days	5.77%	5.46%
90 Days	6.51%	7.07%
12 Months	33.93%	29.24%

151 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in RWL	Overlap
AAPL	C	11.32%	2.19%	2.19%
ABNB	C	0.19%	0.07%	0.07%
ACGL	D	0.13%	0.07%	0.07%
ADBE	C	0.74%	0.1%	0.1%
ADI	D	0.34%	0.05%	0.05%
ADP	B	0.4%	0.11%	0.11%
ADSK	A	0.21%	0.04%	0.04%
AEP	D	0.16%	0.1%	0.1%
AKAM	D	0.04%	0.02%	0.02%
ALGN	D	0.06%	0.02%	0.02%
AMAT	F	0.46%	0.13%	0.13%
AMD	F	0.72%	0.12%	0.12%
AMGN	D	0.5%	0.15%	0.15%
AMZN	C	7.05%	3.63%	3.63%
ANSS	B	0.09%	0.01%	0.01%
APA	D	0.03%	0.05%	0.03%
AVGO	D	2.53%	0.25%	0.25%
AXON	A	0.14%	0.02%	0.02%
BIIB	F	0.08%	0.04%	0.04%
BKNG	A	0.54%	0.16%	0.16%
BKR	B	0.14%	0.2%	0.14%
CDNS	B	0.26%	0.03%	0.03%
CDW	F	0.08%	0.09%	0.08%
CEG	D	0.23%	0.15%	0.15%
CHRW	C	0.04%	0.1%	0.04%
CHTR	C	0.19%	0.35%	0.19%
CINF	A	0.07%	0.07%	0.07%
CMCSA	B	0.54%	0.73%	0.54%
CME	A	0.27%	0.03%	0.03%
COST	B	1.33%	1.42%	1.33%
CPB	D	0.04%	0.05%	0.04%
CPRT	A	0.18%	0.03%	0.03%
CRWD	B	0.26%	0.03%	0.03%
CSCO	B	0.76%	0.34%	0.34%
CSGP	D	0.1%	0.01%	0.01%
CSX	B	0.21%	0.08%	0.08%
CTAS	B	0.27%	0.06%	0.06%
CTSH	B	0.13%	0.11%	0.11%
CZR	F	0.03%	0.06%	0.03%
DLTR	F	0.04%	0.15%	0.04%
DXCM	D	0.1%	0.02%	0.02%
EA	A	0.14%	0.05%	0.05%
EBAY	D	0.1%	0.05%	0.05%
ENPH	F	0.03%	0.0%	0.0%
EQIX	A	0.28%	0.05%	0.05%
ERIE	D	0.07%	0.02%	0.02%
EVRG	A	0.04%	0.03%	0.03%
EXC	C	0.13%	0.12%	0.12%
EXPE	B	0.07%	0.1%	0.07%
FANG	D	0.17%	0.05%	0.05%
FAST	B	0.16%	0.05%	0.05%
FFIV	B	0.04%	0.02%	0.02%
FITB	A	0.09%	0.08%	0.08%
FOX	A	0.03%	0.05%	0.03%
FOXA	B	0.03%	0.04%	0.03%
FSLR	F	0.07%	0.02%	0.02%
FTNT	C	0.24%	0.04%	0.04%
GEHC	F	0.12%	0.1%	0.1%
GEN	B	0.06%	0.02%	0.02%
GILD	C	0.36%	0.16%	0.16%
GOOG	C	3.22%	1.01%	1.01%
GOOGL	C	3.35%	1.01%	1.01%
HAS	D	0.03%	0.02%	0.02%
HBAN	A	0.08%	0.08%	0.08%
HOLX	D	0.06%	0.02%	0.02%
HON	B	0.49%	0.23%	0.23%
HSIC	B	0.03%	0.07%	0.03%
HST	C	0.04%	0.03%	0.03%
IDXX	F	0.11%	0.02%	0.02%
INCY	C	0.05%	0.02%	0.02%
INTC	D	0.35%	0.37%	0.35%
INTU	C	0.63%	0.09%	0.09%
ISRG	A	0.61%	0.05%	0.05%
JBHT	C	0.06%	0.07%	0.06%
JKHY	D	0.04%	0.01%	0.01%
KDP	D	0.14%	0.07%	0.07%
KHC	F	0.12%	0.13%	0.12%
KLAC	D	0.27%	0.04%	0.04%
LIN	D	0.69%	0.17%	0.17%
LKQ	D	0.03%	0.07%	0.03%
LNT	A	0.05%	0.02%	0.02%
LRCX	F	0.3%	0.07%	0.07%
LULU	C	0.12%	0.06%	0.06%
MAR	B	0.25%	0.16%	0.16%
MCHP	D	0.11%	0.03%	0.03%
MDLZ	F	0.28%	0.17%	0.17%
META	D	4.0%	0.89%	0.89%
MKTX	D	0.04%	0.0%	0.0%
MNST	C	0.17%	0.04%	0.04%
MPWR	F	0.09%	0.01%	0.01%
MRNA	F	0.05%	0.02%	0.02%
MSFT	F	10.23%	1.31%	1.31%
MTCH	D	0.03%	0.02%	0.02%
MU	D	0.35%	0.13%	0.13%
NDAQ	A	0.15%	0.04%	0.04%
NDSN	B	0.05%	0.01%	0.01%
NFLX	A	1.17%	0.25%	0.25%
NTAP	C	0.08%	0.04%	0.04%
NTRS	A	0.07%	0.1%	0.07%
NVDA	C	11.52%	0.65%	0.65%
NWS	B	0.02%	0.03%	0.02%
NWSA	B	0.04%	0.03%	0.03%
NXPI	D	0.18%	0.07%	0.07%
ODFL	B	0.15%	0.04%	0.04%
ON	D	0.1%	0.04%	0.04%
ORLY	B	0.23%	0.09%	0.09%
PANW	C	0.41%	0.05%	0.05%
PARA	C	0.03%	0.16%	0.03%
PAYX	C	0.17%	0.03%	0.03%
PCAR	B	0.19%	0.22%	0.19%
PEP	F	0.7%	0.46%	0.46%
PFG	D	0.06%	0.09%	0.06%
PODD	C	0.06%	0.01%	0.01%
POOL	C	0.04%	0.03%	0.03%
PTC	A	0.07%	0.01%	0.01%
PYPL	B	0.29%	0.21%	0.21%
QCOM	F	0.59%	0.19%	0.19%
QRVO	F	0.02%	0.01%	0.01%
REG	B	0.04%	0.01%	0.01%
REGN	F	0.27%	0.05%	0.05%
ROP	B	0.19%	0.04%	0.04%
ROST	C	0.15%	0.1%	0.1%
SBAC	D	0.08%	0.01%	0.01%
SBUX	A	0.37%	0.2%	0.2%
SMCI	F	0.04%	0.05%	0.04%
SNPS	B	0.26%	0.04%	0.04%
STLD	B	0.07%	0.13%	0.07%
STX	D	0.07%	0.03%	0.03%
SWKS	F	0.04%	0.02%	0.02%
TECH	D	0.04%	0.01%	0.01%
TER	D	0.06%	0.01%	0.01%
TMUS	B	0.89%	0.51%	0.51%
TRMB	B	0.06%	0.03%	0.03%
TROW	B	0.08%	0.04%	0.04%
TSCO	D	0.1%	0.08%	0.08%
TSLA	B	3.4%	0.78%	0.78%
TTWO	A	0.1%	0.04%	0.04%
TXN	C	0.59%	0.09%	0.09%
UAL	A	0.1%	0.58%	0.1%
ULTA	F	0.05%	0.06%	0.05%
VRSK	A	0.13%	0.02%	0.02%
VRSN	F	0.06%	0.01%	0.01%
VRTX	F	0.39%	0.05%	0.05%
VTRS	A	0.05%	0.09%	0.05%
WBA	F	0.02%	0.72%	0.02%
WBD	C	0.08%	0.26%	0.08%
WDC	D	0.07%	0.07%	0.07%
WTW	B	0.11%	0.06%	0.06%
WYNN	D	0.03%	0.05%	0.03%
XEL	A	0.13%	0.08%	0.08%
ZBRA	B	0.07%	0.03%	0.03%

ONEQ Overweight 679 Positions Relative to RWL

Symbol	Grade	Weight
MELI	D	0.32%
APP	B	0.28%
MRVL	B	0.25%
PDD	F	0.25%
DASH	A	0.22%
ASML	F	0.21%
COIN	C	0.21%
MSTR	C	0.2%
WDAY	B	0.18%
TTD	B	0.17%
DDOG	A	0.13%
TEAM	A	0.13%
AZN	D	0.12%
CCEP	C	0.11%
ZS	C	0.1%
FCNCA	A	0.1%
ALNY	D	0.1%
GFS	C	0.08%
TCOM	B	0.08%
LPLA	A	0.08%
HOOD	B	0.08%
IBKR	A	0.07%
ZM	B	0.07%
MDB	C	0.07%
ILMN	D	0.07%
SSNC	B	0.06%
NTNX	A	0.06%
JD	D	0.06%
MANH	D	0.06%
NTRA	B	0.06%
CG	A	0.06%
ARGX	A	0.06%
GRAB	B	0.06%
DKNG	B	0.06%
CHKP	D	0.06%
BSY	D	0.05%
SAIA	B	0.05%
EWBC	A	0.05%
ENTG	D	0.05%
SNY	F	0.05%
SFM	A	0.05%
CASY	A	0.05%
DOCU	A	0.05%
MORN	B	0.05%
AFRM	B	0.05%
FLEX	A	0.05%
ICLR	D	0.05%
SOFI	A	0.05%
UTHR	C	0.05%
TW	A	0.05%
ARM	D	0.05%
EXEL	B	0.04%
RIVN	F	0.04%
LECO	B	0.04%
SEIC	B	0.04%
NTES	D	0.04%
DUOL	A	0.04%
RPRX	D	0.04%
AAON	B	0.04%
TTEK	F	0.04%
PAA	B	0.04%
PCTY	B	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
GLPI	C	0.04%
TXRH	C	0.04%
RKLB	B	0.04%
BMRN	D	0.04%
BIDU	F	0.04%
LOGI	D	0.04%
OKTA	C	0.04%
MNDY	C	0.04%
Z	A	0.04%
SMMT	D	0.04%
CYBR	B	0.04%
PPC	C	0.04%
BRKR	D	0.03%
CVLT	B	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
CSWI	A	0.03%
ZION	B	0.03%
COLB	A	0.03%
CHRD	D	0.03%
LNW	D	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
GTLB	B	0.03%
OTEX	D	0.03%
FRHC	B	0.03%
PEGA	A	0.03%
ROIV	C	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	C	0.03%
ROKU	D	0.03%
AAL	B	0.03%
HQY	B	0.03%
MASI	A	0.03%
ITCI	C	0.03%
MEDP	D	0.03%
DOX	D	0.03%
FYBR	D	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%
WWD	B	0.03%
LAMR	D	0.03%
BNTX	D	0.03%
COKE	C	0.03%
CBSH	A	0.03%
RGLD	C	0.03%
SRPT	D	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%
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%
APPF	B	0.02%
AEIS	B	0.02%
KRYS	B	0.02%
KTOS	B	0.02%
DORM	B	0.02%
LOPE	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%
FIVE	F	0.02%
SBRA	C	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
CACC	D	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%
DJT	C	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%
IONS	F	0.02%
VKTX	F	0.02%
NCNO	B	0.02%
PRCT	B	0.02%
ITRI	B	0.02%
QLYS	C	0.02%
CROX	D	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%
BPOP	B	0.02%
SITM	B	0.02%
CHX	C	0.02%
AGNC	D	0.02%
LCID	F	0.02%
DBX	B	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	C	0.02%
SLM	A	0.02%
AMKR	D	0.02%
CELH	F	0.02%
ETSY	D	0.02%
CWST	A	0.02%
NXST	C	0.02%
REYN	D	0.02%
MMSI	B	0.02%
HTHT	D	0.02%
WFRD	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%
WSC	D	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
STRL	B	0.02%
ACIW	B	0.02%
CGNX	C	0.02%
RCM	F	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
CORT	B	0.02%
SIGI	C	0.02%
IESC	B	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	D	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%
TPG	A	0.02%
MIDD	C	0.02%
FRPT	B	0.02%
OLED	D	0.02%
LYFT	C	0.02%
SPSC	C	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
ASND	D	0.02%
FFIN	B	0.02%
MKSI	C	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%
PYCR	C	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%
TXG	F	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%
LBRDA	C	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%
FTRE	D	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%
CAR	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%
WEN	D	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%
FIVN	C	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%
APLS	D	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%
HCP	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%
IRDM	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%
RARE	D	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 348 Positions Relative to RWL

Symbol	Grade	Weight
WMT	A	-3.97%
UNH	C	-2.14%
BRK.A	B	-2.14%
MCK	B	-2.08%
XOM	B	-2.04%
CVS	D	-1.97%
JPM	A	-1.74%
COR	B	-1.59%
CAH	B	-1.33%
BAC	A	-1.25%
CVX	A	-1.25%
GM	B	-1.17%
C	A	-1.1%
CI	F	-1.06%
F	C	-1.0%
WFC	A	-0.95%
HD	A	-0.88%
PSX	C	-0.87%
KR	B	-0.86%
VLO	C	-0.81%
GS	A	-0.81%
MPC	D	-0.8%
MS	A	-0.76%
VZ	C	-0.71%
T	A	-0.71%
CNC	D	-0.68%
ELV	F	-0.68%
DIS	B	-0.63%
DELL	C	-0.59%
HUM	C	-0.57%
UPS	C	-0.51%
FDX	B	-0.49%
TGT	F	-0.48%
LOW	D	-0.48%
DAL	C	-0.47%
PG	A	-0.46%
AXP	A	-0.44%
JNJ	D	-0.44%
ADM	D	-0.43%
SYY	B	-0.42%
MET	A	-0.41%
RTX	C	-0.4%
CAT	B	-0.4%
PGR	A	-0.38%
BA	F	-0.38%
LMT	D	-0.37%
COF	B	-0.37%
PRU	A	-0.36%
ACN	C	-0.36%
ALL	A	-0.35%
ORCL	B	-0.35%
COP	C	-0.34%
IBM	C	-0.34%
DE	A	-0.32%
HCA	F	-0.32%
HPQ	B	-0.32%
TJX	A	-0.31%
TSN	B	-0.3%
BMY	B	-0.3%
MRK	F	-0.29%
CB	C	-0.29%
BG	F	-0.28%
GEV	B	-0.27%
CRM	B	-0.26%
ABBV	D	-0.26%
USB	A	-0.26%
PFE	D	-0.26%
TRV	B	-0.26%
NKE	D	-0.26%
BK	A	-0.24%
AIG	B	-0.24%
KO	D	-0.23%
GD	F	-0.23%
ABT	B	-0.22%
CMI	A	-0.22%
V	A	-0.21%
BBY	D	-0.21%
PNC	B	-0.21%
PM	B	-0.21%
DOW	F	-0.21%
SLB	C	-0.21%
UBER	D	-0.21%
NOC	D	-0.21%
GE	D	-0.21%
TMO	F	-0.2%
HPE	B	-0.2%
LYB	F	-0.2%
JBL	B	-0.2%
CBRE	B	-0.2%
NRG	B	-0.19%
NUE	C	-0.19%
CCL	B	-0.19%
DG	F	-0.19%
LLY	F	-0.18%
LEN	D	-0.18%
LYV	A	-0.18%
SCHW	B	-0.18%
MDT	D	-0.17%
MOH	F	-0.17%
JCI	C	-0.17%
DHI	D	-0.17%
ETN	A	-0.16%
TFC	A	-0.16%
DUK	C	-0.16%
KKR	A	-0.16%
DFS	B	-0.16%
LUV	C	-0.16%
PCG	A	-0.15%
PWR	A	-0.15%
VST	B	-0.15%
SYF	B	-0.15%
EOG	A	-0.15%
MA	C	-0.15%
OXY	D	-0.15%
FI	A	-0.14%
FCX	D	-0.14%
MCD	D	-0.14%
KMX	B	-0.14%
SO	D	-0.14%
HAL	C	-0.14%
HIG	B	-0.14%
MMC	B	-0.13%
SHW	A	-0.13%
CARR	D	-0.13%
PH	A	-0.13%
MMM	D	-0.13%
OKE	A	-0.13%
SW	A	-0.13%
DHR	F	-0.12%
TT	A	-0.12%
MO	A	-0.12%
EMR	A	-0.12%
RCL	A	-0.12%
AMP	A	-0.12%
WM	A	-0.12%
LHX	C	-0.12%
NEE	D	-0.12%
SYK	C	-0.12%
STT	A	-0.12%
TRGP	B	-0.12%
BLK	C	-0.12%
IP	B	-0.12%
UNP	C	-0.12%
KMB	D	-0.11%
AFL	B	-0.11%
RJF	A	-0.11%
GWW	B	-0.11%
KMI	A	-0.11%
GPC	D	-0.11%
PPG	F	-0.1%
MGM	D	-0.1%
CTVA	C	-0.1%
AZO	C	-0.1%
CL	D	-0.1%
L	A	-0.1%
BDX	F	-0.1%
PHM	D	-0.09%
J	F	-0.09%
AON	A	-0.09%
KVUE	A	-0.09%
EG	C	-0.09%
RSG	A	-0.09%
BLDR	D	-0.09%
BSX	B	-0.09%
MTB	A	-0.09%
URI	B	-0.09%
LDOS	C	-0.09%
EIX	B	-0.09%
ITW	B	-0.09%
GIS	D	-0.09%
GLW	B	-0.08%
ED	D	-0.08%
APD	A	-0.08%
D	C	-0.08%
HES	B	-0.08%
LVS	C	-0.08%
ETR	B	-0.08%
CFG	B	-0.08%
SRE	A	-0.08%
BWA	D	-0.08%
APH	A	-0.08%
OMC	C	-0.08%
DVN	F	-0.08%
OTIS	C	-0.08%
ECL	D	-0.08%
APTV	D	-0.08%
EL	F	-0.07%
DD	D	-0.07%
NCLH	B	-0.07%
BAX	D	-0.07%
IQV	D	-0.07%
DVA	B	-0.07%
FE	C	-0.07%
HLT	A	-0.07%
KEY	B	-0.07%
NSC	B	-0.07%
UHS	D	-0.07%
AMCR	D	-0.07%
BX	A	-0.07%
SPGI	C	-0.07%
TXT	D	-0.07%
TAP	C	-0.07%
SWK	D	-0.07%
AIZ	A	-0.07%
WMB	A	-0.07%
WRB	A	-0.07%
LH	C	-0.07%
K	A	-0.07%
IPG	D	-0.06%
ICE	C	-0.06%
FIS	C	-0.06%
CAG	D	-0.06%
GPN	B	-0.06%
ES	D	-0.06%
PEG	A	-0.06%
AJG	B	-0.06%
RF	A	-0.06%
CMG	B	-0.06%
HRL	D	-0.06%
DRI	B	-0.06%
MSI	B	-0.06%
BALL	D	-0.06%
NOW	A	-0.06%
WAB	B	-0.06%
MOS	F	-0.06%
DTE	C	-0.06%
NEM	D	-0.06%
HII	D	-0.05%
TPR	B	-0.05%
PPL	B	-0.05%
HWM	A	-0.05%
VMC	B	-0.05%
AES	F	-0.05%
WEC	A	-0.05%
BEN	C	-0.05%
EMN	D	-0.05%
EXPD	D	-0.05%
DOV	A	-0.05%
PKG	A	-0.05%
ALB	C	-0.05%
ROK	B	-0.05%
MHK	D	-0.05%
NVR	D	-0.05%
HSY	F	-0.05%
AMT	D	-0.05%
STZ	D	-0.05%
CNP	B	-0.05%
IFF	D	-0.05%
DGX	A	-0.05%
DLR	B	-0.04%
CTRA	B	-0.04%
EQT	B	-0.04%
CHD	B	-0.04%
SPG	B	-0.04%
MCO	B	-0.04%
SNA	A	-0.04%
ANET	C	-0.04%
CF	B	-0.04%
GRMN	B	-0.04%
PLD	D	-0.04%
BR	A	-0.04%
YUM	B	-0.04%
WY	D	-0.04%
CLX	B	-0.04%
CMS	C	-0.04%
MRO	B	-0.04%
TDG	D	-0.04%
MLM	B	-0.04%
RL	B	-0.04%
WELL	A	-0.04%
MAS	D	-0.04%
LW	C	-0.04%
AVY	D	-0.04%
ZBH	C	-0.04%
XYL	D	-0.04%
AEE	A	-0.04%
SJM	D	-0.04%
AME	A	-0.04%
IR	B	-0.04%
SOLV	C	-0.04%
ZTS	D	-0.04%
RMD	C	-0.03%
CPAY	A	-0.03%
VTR	C	-0.03%
PNR	A	-0.03%
STE	F	-0.03%
JNPR	F	-0.03%
BRO	B	-0.03%
VLTO	D	-0.03%
PNW	B	-0.03%
DECK	A	-0.03%
DPZ	C	-0.03%
GNRC	B	-0.03%
EPAM	C	-0.03%
GDDY	A	-0.03%
KEYS	A	-0.03%
NI	A	-0.03%
IRM	D	-0.03%
CCI	D	-0.03%
GL	B	-0.03%
EW	C	-0.03%
A	D	-0.03%
TDY	B	-0.03%
HUBB	B	-0.03%
MKC	D	-0.03%
IT	C	-0.03%
CE	F	-0.03%
IVZ	B	-0.03%
FTV	C	-0.03%
EQR	B	-0.02%
AVB	B	-0.02%
MSCI	C	-0.02%
EXR	D	-0.02%
WST	C	-0.02%
MTD	D	-0.02%
WAT	B	-0.02%
ROL	B	-0.02%
BXP	D	-0.02%
AOS	F	-0.02%
VICI	C	-0.02%
IEX	B	-0.02%
ALLE	D	-0.02%
FMC	D	-0.02%
CBOE	B	-0.02%
CRL	C	-0.02%
AWK	D	-0.02%
O	D	-0.02%
PSA	D	-0.02%
CTLT	B	-0.02%
PLTR	B	-0.02%
EFX	F	-0.02%
ATO	A	-0.02%
FRT	B	-0.01%
CPT	B	-0.01%
UDR	B	-0.01%
ESS	B	-0.01%
FICO	B	-0.01%
KIM	A	-0.01%
TYL	B	-0.01%
MAA	B	-0.01%
DAY	B	-0.01%
PAYC	B	-0.01%
DOC	D	-0.01%
TFX	F	-0.01%
FDS	B	-0.01%
INVH	D	-0.01%
RVTY	F	-0.01%
ARE	D	-0.01%