ONEQ vs. SPYG ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG)

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

$70.69

Average Daily Volume

311,243

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.18

Average Daily Volume

2,527,755

Number of Holdings ^*

229

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	SPYG
30 Days	1.17%	1.45%
60 Days	1.73%	3.29%
90 Days	1.97%	2.99%
12 Months	34.63%	36.81%

88 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in SPYG	Overlap
AAPL	C	11.9%	12.11%	11.9%
ABNB	D	0.18%	0.1%	0.1%
ACGL	C	0.15%	0.16%	0.15%
ADBE	F	0.84%	1.03%	0.84%
ADI	C	0.39%	0.26%	0.26%
ADP	B	0.39%	0.17%	0.17%
ADSK	C	0.19%	0.11%	0.11%
AKAM	D	0.05%	0.03%	0.03%
ALGN	D	0.06%	0.03%	0.03%
AMAT	D	0.54%	0.6%	0.54%
AMD	D	0.86%	0.96%	0.86%
AMZN	C	6.77%	4.35%	4.35%
ANSS	D	0.09%	0.06%	0.06%
APA	F	0.03%	0.03%	0.03%
AVGO	C	2.71%	2.82%	2.71%
AXON	B	0.1%	0.11%	0.1%
BKNG	C	0.46%	0.52%	0.46%
CDNS	D	0.25%	0.29%	0.25%
CDW	D	0.1%	0.05%	0.05%
CEG	C	0.22%	0.11%	0.11%
CHTR	D	0.17%	0.06%	0.06%
CME	C	0.28%	0.11%	0.11%
COST	B	1.41%	0.67%	0.67%
CPRT	D	0.17%	0.17%	0.17%
CRWD	D	0.21%	0.23%	0.21%
CSGP	D	0.11%	0.05%	0.05%
CSX	D	0.23%	0.13%	0.13%
CTAS	B	0.29%	0.15%	0.15%
CZR	C	0.03%	0.02%	0.02%
DXCM	F	0.1%	0.07%	0.07%
EA	D	0.13%	0.06%	0.06%
ENPH	D	0.05%	0.02%	0.02%
EQIX	C	0.28%	0.15%	0.15%
ETSY	F	0.03%	0.01%	0.01%
EXPE	C	0.06%	0.07%	0.06%
FANG	D	0.11%	0.12%	0.11%
FAST	C	0.14%	0.08%	0.08%
FTNT	C	0.2%	0.19%	0.19%
GOOG	D	3.1%	2.87%	2.87%
GOOGL	D	3.23%	3.43%	3.23%
HST	C	0.04%	0.03%	0.03%
IDXX	C	0.14%	0.09%	0.09%
INTU	C	0.64%	0.71%	0.64%
ISRG	B	0.6%	0.46%	0.46%
KLAC	D	0.35%	0.39%	0.35%
LIN	B	0.78%	0.46%	0.46%
LRCX	F	0.35%	0.38%	0.35%
LULU	D	0.11%	0.12%	0.11%
MAR	C	0.23%	0.22%	0.22%
MCHP	F	0.14%	0.1%	0.1%
MDLZ	B	0.35%	0.16%	0.16%
META	B	4.01%	4.53%	4.01%
MNST	D	0.18%	0.08%	0.08%
MPWR	C	0.15%	0.17%	0.15%
MSFT	C	11.17%	11.97%	11.17%
NFLX	B	1.04%	1.16%	1.04%
NTAP	D	0.08%	0.04%	0.04%
NVDA	D	10.22%	11.05%	10.22%
NXPI	F	0.2%	0.17%	0.17%
ODFL	D	0.15%	0.13%	0.13%
ON	D	0.1%	0.05%	0.05%
ORLY	C	0.23%	0.19%	0.19%
PANW	D	0.39%	0.44%	0.39%
PAYX	C	0.17%	0.07%	0.07%
PCAR	D	0.17%	0.14%	0.14%
PEP	C	0.85%	0.35%	0.35%
PODD	B	0.06%	0.02%	0.02%
POOL	C	0.05%	0.03%	0.03%
PTC	D	0.07%	0.05%	0.05%
QCOM	D	0.65%	0.38%	0.38%
REGN	C	0.43%	0.29%	0.29%
ROP	C	0.2%	0.1%	0.1%
ROST	C	0.18%	0.2%	0.18%
SBAC	C	0.09%	0.04%	0.04%
SBUX	C	0.39%	0.26%	0.26%
SMCI	F	0.09%	0.09%	0.09%
SNPS	D	0.26%	0.29%	0.26%
STLD	F	0.06%	0.04%	0.04%
STX	C	0.08%	0.03%	0.03%
TSCO	C	0.11%	0.05%	0.05%
TSLA	C	2.56%	2.51%	2.51%
TTWO	C	0.09%	0.05%	0.05%
TXN	C	0.63%	0.26%	0.26%
ULTA	D	0.06%	0.05%	0.05%
VRSK	D	0.13%	0.08%	0.08%
VRSN	D	0.06%	0.03%	0.03%
VRTX	D	0.43%	0.31%	0.31%
WYNN	D	0.03%	0.03%	0.03%

ONEQ Overweight 736 Positions Relative to SPYG

Symbol	Grade	Weight
TMUS	C	0.83%
CSCO	C	0.7%
AMGN	B	0.62%
CMCSA	D	0.54%
HON	D	0.46%
MELI	B	0.38%
GILD	B	0.36%
MU	F	0.35%
INTC	F	0.29%
ASML	F	0.26%
PYPL	B	0.25%
PDD	F	0.22%
MRVL	C	0.22%
AEP	C	0.19%
WDAY	D	0.18%
DASH	C	0.17%
KDP	B	0.17%
AZN	D	0.16%
TTD	B	0.16%
NDAQ	A	0.15%
KHC	C	0.15%
EXC	C	0.14%
GEHC	C	0.14%
CCEP	B	0.13%
XEL	B	0.13%
CTSH	C	0.13%
DDOG	D	0.12%
COIN	F	0.12%
BKR	C	0.12%
ALNY	C	0.12%
APP	C	0.11%
EBAY	B	0.11%
FITB	B	0.1%
BIIB	F	0.1%
WTW	C	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ZS	F	0.09%
ERIE	B	0.09%
TEAM	D	0.09%
MRNA	F	0.09%
WDC	D	0.08%
GFS	F	0.08%
MDB	D	0.08%
MSTR	D	0.08%
TROW	D	0.08%
FSLR	C	0.08%
ICLR	D	0.08%
HBAN	B	0.07%
CINF	B	0.07%
TER	D	0.07%
CHKP	B	0.07%
WBD	D	0.07%
ILMN	C	0.07%
NTRA	C	0.06%
LPLA	D	0.06%
UAL	C	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	F	0.06%
SNY	B	0.06%
SSNC	B	0.06%
ZM	C	0.06%
ZBRA	B	0.06%
ARM	D	0.06%
HOOD	C	0.06%
NTRS	A	0.06%
HOLX	B	0.06%
DKNG	C	0.06%
PFG	B	0.06%
ARGX	C	0.06%
JD	C	0.05%
REG	C	0.05%
GRAB	C	0.05%
BNTX	C	0.05%
NDSN	C	0.05%
LOGI	D	0.05%
TRMB	C	0.05%
VTRS	D	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	C	0.05%
LNT	B	0.05%
NTNX	C	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
DLTR	F	0.05%
BSY	D	0.05%
UTHR	C	0.05%
TW	B	0.05%
CG	D	0.05%
MANH	B	0.05%
TCOM	C	0.05%
CPB	C	0.05%
SWKS	D	0.05%
HAS	B	0.04%
NTES	F	0.04%
LAMR	B	0.04%
PPC	D	0.04%
MEDP	F	0.04%
Z	B	0.04%
RGLD	C	0.04%
EWBC	D	0.04%
DOCU	C	0.04%
MKTX	C	0.04%
CHRW	B	0.04%
FFIV	B	0.04%
COKE	C	0.04%
SFM	B	0.04%
TTEK	C	0.04%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	0.04%
JKHY	B	0.04%
PAA	C	0.04%
AFRM	C	0.04%
BIDU	D	0.04%
INSM	D	0.04%
INCY	C	0.04%
RPRX	C	0.04%
TECH	C	0.04%
FLEX	C	0.04%
SRPT	D	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
OKTA	F	0.04%
GLPI	C	0.04%
EVRG	B	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	B	0.03%
WSC	D	0.03%
AMKR	F	0.03%
FOX	B	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%
HSIC	C	0.03%
SPSC	D	0.03%
FOXA	B	0.03%
MTSI	D	0.03%
CELH	F	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%
WBA	F	0.03%
CBSH	C	0.03%
NWSA	D	0.03%
WIX	D	0.03%
SEIC	C	0.03%
OTEX	D	0.03%
OLED	C	0.03%
QRVO	F	0.03%
SOFI	C	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%
MTCH	C	0.03%
BGNE	C	0.03%
CHK	D	0.03%
LKQ	F	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%
NWS	D	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 141 Positions Relative to SPYG

Symbol	Grade	Weight
LLY	C	-2.94%
V	C	-1.17%
MA	B	-1.15%
ORCL	C	-1.01%
CRM	D	-0.97%
UNH	C	-0.81%
NOW	B	-0.71%
PG	C	-0.63%
UBER	C	-0.56%
HD	B	-0.54%
ABBV	C	-0.5%
ACN	C	-0.47%
MRK	D	-0.46%
KO	C	-0.42%
AXP	B	-0.4%
CAT	B	-0.38%
MCD	B	-0.36%
TMO	B	-0.35%
ANET	B	-0.35%
TJX	B	-0.34%
COP	D	-0.33%
KKR	B	-0.32%
SYK	C	-0.31%
GE	B	-0.31%
ETN	C	-0.3%
BX	B	-0.3%
TDG	B	-0.3%
CMG	C	-0.3%
PGR	B	-0.29%
SPGI	B	-0.29%
PM	C	-0.28%
BSX	B	-0.27%
UNP	C	-0.27%
MMC	C	-0.23%
PH	B	-0.23%
DHI	B	-0.22%
TT	B	-0.22%
DE	B	-0.22%
HLT	B	-0.21%
URI	B	-0.19%
ZTS	C	-0.19%
EOG	D	-0.18%
AMT	C	-0.18%
FICO	B	-0.18%
MSI	B	-0.17%
APH	D	-0.17%
SHW	B	-0.17%
NKE	D	-0.16%
BA	F	-0.16%
AZO	D	-0.15%
AON	B	-0.15%
RCL	B	-0.15%
IT	B	-0.15%
HES	F	-0.14%
MCO	B	-0.14%
WM	D	-0.14%
HCA	B	-0.14%
ECL	B	-0.13%
TRGP	B	-0.13%
GWW	B	-0.13%
OKE	B	-0.13%
AJG	D	-0.13%
CL	D	-0.13%
FCX	D	-0.12%
CARR	B	-0.12%
ITW	C	-0.12%
MPC	F	-0.12%
PWR	B	-0.11%
IR	C	-0.11%
PHM	B	-0.11%
NVR	B	-0.11%
TYL	C	-0.1%
LEN	B	-0.1%
MSCI	C	-0.1%
GEV	B	-0.1%
FTV	C	-0.1%
VST	C	-0.1%
WST	D	-0.09%
AMP	A	-0.09%
DECK	C	-0.09%
PSA	B	-0.09%
RSG	D	-0.09%
SPG	B	-0.08%
VMC	D	-0.08%
MLM	D	-0.08%
HWM	B	-0.08%
NUE	F	-0.08%
DLR	B	-0.08%
WMB	B	-0.08%
BLDR	C	-0.08%
CPAY	B	-0.08%
GDDY	C	-0.08%
TEL	D	-0.07%
YUM	D	-0.07%
IRM	C	-0.07%
DFS	B	-0.07%
AME	C	-0.07%
BRO	C	-0.07%
CBOE	C	-0.06%
ROK	D	-0.06%
BR	D	-0.06%
EFX	B	-0.06%
OTIS	C	-0.06%
GRMN	D	-0.06%
EW	F	-0.06%
DAL	C	-0.06%
IQV	C	-0.06%
CHD	D	-0.05%
CE	F	-0.05%
CCL	C	-0.05%
MOH	D	-0.05%
STE	C	-0.05%
LYV	B	-0.05%
MAS	B	-0.04%
DRI	B	-0.04%
HUBB	B	-0.04%
PNR	B	-0.04%
MTD	D	-0.04%
HSY	C	-0.04%
CTRA	D	-0.04%
SNA	C	-0.03%
JBL	D	-0.03%
WAT	C	-0.03%
CF	C	-0.03%
MRO	C	-0.03%
FDS	C	-0.03%
NCLH	C	-0.03%
LVS	D	-0.03%
DVA	B	-0.02%
ALLE	B	-0.02%
EPAM	F	-0.02%
DAY	D	-0.02%
GNRC	D	-0.02%
DPZ	F	-0.02%
AOS	D	-0.02%
ROL	C	-0.02%
LW	D	-0.02%
MGM	F	-0.02%
EXPD	C	-0.02%
PAYC	D	-0.01%
RL	C	-0.01%