ONEQ vs. SSPY ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Syntax Stratified LargeCap ETF (SSPY)

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

$70.76

Average Daily Volume

298,245

Number of Holdings ^*

850

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$78.48

Average Daily Volume

2,962

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	SSPY
30 Days	1.44%	-1.60%
60 Days	7.11%	3.41%
90 Days	-1.04%	4.65%
12 Months	38.50%	24.92%

150 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in SSPY	Overlap
AAPL	C	11.98%	0.52%	0.52%
ABNB	D	0.2%	0.13%	0.13%
ACGL	A	0.15%	0.15%	0.15%
ADBE	F	0.8%	0.17%	0.17%
ADI	C	0.39%	0.23%	0.23%
ADP	A	0.39%	0.22%	0.22%
ADSK	B	0.19%	0.17%	0.17%
AEP	C	0.18%	0.25%	0.18%
AKAM	D	0.05%	0.28%	0.05%
ALGN	D	0.07%	0.1%	0.07%
AMAT	B	0.55%	0.18%	0.18%
AMD	D	0.87%	0.14%	0.14%
AMGN	D	0.62%	0.25%	0.25%
AMZN	C	6.94%	0.23%	0.23%
ANSS	D	0.09%	0.17%	0.09%
APA	F	0.03%	0.08%	0.03%
AVGO	C	2.73%	0.24%	0.24%
AXON	A	0.1%	0.09%	0.09%
BIIB	F	0.1%	0.25%	0.1%
BKNG	C	0.46%	0.12%	0.12%
BKR	B	0.12%	0.37%	0.12%
CDNS	D	0.25%	0.34%	0.25%
CDW	D	0.1%	0.13%	0.1%
CEG	B	0.28%	0.39%	0.28%
CHRW	A	0.04%	0.09%	0.04%
CHTR	D	0.16%	0.48%	0.16%
CINF	A	0.07%	0.15%	0.07%
CMCSA	B	0.53%	0.53%	0.53%
CME	A	0.27%	0.05%	0.05%
COST	C	1.38%	0.74%	0.74%
CPB	D	0.05%	0.21%	0.05%
CPRT	B	0.17%	0.23%	0.17%
CRWD	D	0.24%	0.19%	0.19%
CSCO	A	0.72%	0.21%	0.21%
CSGP	F	0.11%	0.04%	0.04%
CSX	D	0.22%	0.09%	0.09%
CTAS	B	0.27%	0.19%	0.19%
CTSH	B	0.13%	0.13%	0.13%
CZR	B	0.03%	0.07%	0.03%
DLTR	F	0.05%	0.17%	0.05%
DXCM	F	0.1%	0.1%	0.1%
EA	D	0.12%	0.49%	0.12%
EBAY	A	0.11%	0.23%	0.11%
ENPH	D	0.06%	0.27%	0.06%
EQIX	B	0.28%	0.28%	0.28%
ERIE	A	0.09%	0.21%	0.09%
EVRG	C	0.04%	0.08%	0.04%
EXC	A	0.13%	0.3%	0.13%
EXPE	B	0.06%	0.12%	0.06%
FANG	D	0.11%	0.08%	0.08%
FAST	B	0.15%	0.13%	0.13%
FFIV	B	0.04%	0.22%	0.04%
FITB	C	0.09%	0.06%	0.06%
FOX	A	0.03%	0.11%	0.03%
FOXA	A	0.03%	0.11%	0.03%
FSLR	C	0.09%	0.2%	0.09%
FTNT	A	0.2%	0.17%	0.17%
GEHC	C	0.14%	0.11%	0.11%
GILD	A	0.35%	0.26%	0.26%
GOOG	B	3.18%	0.23%	0.23%
GOOGL	B	3.31%	0.23%	0.23%
HAS	A	0.04%	0.27%	0.04%
HBAN	D	0.07%	0.06%	0.06%
HOLX	D	0.06%	0.1%	0.06%
HON	C	0.45%	0.17%	0.17%
HSIC	D	0.03%	0.2%	0.03%
HST	D	0.04%	0.12%	0.04%
IDXX	D	0.14%	0.1%	0.1%
INCY	B	0.04%	0.25%	0.04%
INTC	D	0.32%	0.16%	0.16%
INTU	F	0.62%	0.22%	0.22%
ISRG	A	0.59%	0.13%	0.13%
JBHT	D	0.06%	0.09%	0.06%
JKHY	A	0.04%	0.05%	0.04%
KDP	C	0.17%	0.25%	0.17%
KHC	D	0.14%	0.21%	0.14%
KLAC	B	0.35%	0.18%	0.18%
LIN	B	0.76%	0.05%	0.05%
LKQ	F	0.03%	0.15%	0.03%
LNT	A	0.05%	0.08%	0.05%
LRCX	D	0.35%	0.17%	0.17%
LULU	D	0.11%	0.3%	0.11%
MAR	B	0.23%	0.12%	0.12%
MCHP	F	0.14%	0.13%	0.13%
MDLZ	C	0.34%	0.19%	0.19%
META	A	4.23%	0.49%	0.49%
MKTX	C	0.04%	0.05%	0.04%
MNST	D	0.18%	0.26%	0.18%
MPWR	B	0.15%	0.23%	0.15%
MRNA	F	0.09%	0.24%	0.09%
MSFT	D	11.17%	0.34%	0.34%
MTCH	B	0.03%	0.48%	0.03%
MU	D	0.35%	0.14%	0.14%
NDAQ	C	0.15%	0.05%	0.05%
NDSN	B	0.05%	0.03%	0.03%
NFLX	A	1.04%	0.23%	0.23%
NTAP	D	0.08%	0.18%	0.08%
NTRS	C	0.06%	0.09%	0.06%
NVDA	C	9.83%	0.14%	0.14%
NWS	D	0.01%	0.1%	0.01%
NWSA	D	0.04%	0.1%	0.04%
NXPI	F	0.2%	0.23%	0.2%
ODFL	D	0.14%	0.09%	0.09%
ON	F	0.11%	0.22%	0.11%
ORLY	A	0.22%	0.14%	0.14%
PANW	D	0.38%	0.17%	0.17%
PARA	F	0.03%	0.2%	0.03%
PAYX	A	0.16%	0.22%	0.16%
PCAR	D	0.18%	0.13%	0.13%
PEP	D	0.79%	0.18%	0.18%
PFG	C	0.07%	0.21%	0.07%
PODD	C	0.06%	0.1%	0.06%
POOL	B	0.05%	0.13%	0.05%
PTC	D	0.07%	0.17%	0.07%
PYPL	C	0.27%	0.06%	0.06%
QCOM	D	0.65%	0.22%	0.22%
QRVO	F	0.04%	0.22%	0.04%
REG	C	0.04%	0.07%	0.04%
REGN	D	0.42%	0.22%	0.22%
ROP	C	0.2%	0.03%	0.03%
ROST	C	0.17%	0.74%	0.17%
SBAC	B	0.09%	0.07%	0.07%
SBUX	B	0.38%	0.49%	0.38%
SMCI	F	0.09%	0.17%	0.09%
SNPS	F	0.27%	0.35%	0.27%
STLD	B	0.06%	0.28%	0.06%
STX	B	0.08%	0.18%	0.08%
SWKS	F	0.05%	0.22%	0.05%
TECH	C	0.04%	0.15%	0.04%
TER	C	0.08%	0.17%	0.08%
TMUS	A	0.78%	0.33%	0.33%
TRMB	B	0.05%	0.03%	0.03%
TROW	D	0.08%	0.09%	0.08%
TSCO	A	0.1%	0.12%	0.1%
TSLA	C	2.63%	0.28%	0.28%
TTWO	F	0.09%	0.5%	0.09%
TXN	C	0.63%	0.23%	0.23%
UAL	B	0.06%	0.27%	0.06%
ULTA	D	0.06%	0.18%	0.06%
VRSK	D	0.13%	0.04%	0.04%
VRSN	B	0.06%	0.27%	0.06%
VRTX	D	0.41%	0.24%	0.24%
VTRS	D	0.05%	0.25%	0.05%
WBA	F	0.03%	0.63%	0.03%
WBD	D	0.07%	0.2%	0.07%
WDC	C	0.08%	0.17%	0.08%
WTW	B	0.1%	0.04%	0.04%
WYNN	B	0.03%	0.07%	0.03%
XEL	A	0.13%	0.08%	0.08%
ZBRA	A	0.07%	0.14%	0.07%

ONEQ Overweight 700 Positions Relative to SSPY

Symbol	Grade	Weight
MELI	C	0.37%
ASML	F	0.26%
PDD	B	0.23%
MRVL	C	0.22%
DASH	A	0.19%
WDAY	D	0.18%
TTD	C	0.17%
AZN	D	0.15%
APP	A	0.13%
COIN	F	0.12%
DDOG	D	0.12%
ALNY	C	0.12%
CCEP	C	0.12%
ZS	F	0.09%
MSTR	B	0.09%
TEAM	D	0.09%
FCNCA	D	0.09%
GFS	F	0.08%
ILMN	B	0.08%
ICLR	F	0.08%
TCOM	A	0.07%
CHKP	C	0.07%
MDB	F	0.07%
NTRA	A	0.06%
ENTG	D	0.06%
LPLA	D	0.06%
ARGX	A	0.06%
ZM	C	0.06%
SMMT	D	0.06%
SSNC	C	0.06%
ARM	C	0.06%
SNY	C	0.06%
MANH	C	0.06%
HOOD	C	0.06%
DKNG	D	0.06%
EXAS	C	0.05%
CASY	D	0.05%
FLEX	C	0.05%
BMRN	F	0.05%
MNDY	C	0.05%
LOGI	D	0.05%
JD	B	0.05%
GRAB	B	0.05%
MORN	C	0.05%
BSY	D	0.05%
NTNX	C	0.05%
TW	A	0.05%
IBKR	A	0.05%
UTHR	C	0.05%
CG	C	0.05%
TXRH	A	0.04%
NTES	B	0.04%
CHK	C	0.04%
LAMR	C	0.04%
RGLD	C	0.04%
PPC	B	0.04%
MEDP	F	0.04%
COKE	B	0.04%
INSM	D	0.04%
SFM	A	0.04%
DOCU	B	0.04%
EWBC	D	0.04%
BNTX	B	0.04%
SAIA	D	0.04%
Z	C	0.04%
PAA	D	0.04%
CYBR	C	0.04%
NBIX	F	0.04%
RPRX	B	0.04%
AFRM	C	0.04%
WING	B	0.04%
GLPI	A	0.04%
BIDU	B	0.04%
RIVN	F	0.04%
SRPT	F	0.04%
OKTA	F	0.04%
TTEK	B	0.04%
PCVX	B	0.04%
UFPI	C	0.03%
HLNE	A	0.03%
ENSG	D	0.03%
LNTH	C	0.03%
MAT	D	0.03%
REYN	D	0.03%
WFRD	F	0.03%
HALO	D	0.03%
AMKR	F	0.03%
WSC	D	0.03%
MIDD	D	0.03%
GLBE	C	0.03%
ACHC	F	0.03%
XP	F	0.03%
MKSI	F	0.03%
RVMD	B	0.03%
LSCC	D	0.03%
RGEN	F	0.03%
CELH	F	0.03%
VKTX	C	0.03%
MMYT	D	0.03%
LBRDK	B	0.03%
SPSC	D	0.03%
CROX	C	0.03%
NICE	F	0.03%
EXEL	B	0.03%
MTSI	B	0.03%
CHRD	F	0.03%
ITCI	D	0.03%
SAIC	A	0.03%
WTFC	D	0.03%
ASND	C	0.03%
AAON	A	0.03%
CBSH	D	0.03%
LCID	D	0.03%
SOFI	C	0.03%
CHDN	D	0.03%
WIX	D	0.03%
SEIC	B	0.03%
DOX	B	0.03%
FYBR	C	0.03%
OLED	C	0.03%
OTEX	D	0.03%
ROKU	C	0.03%
PCTY	B	0.03%
LNW	F	0.03%
WWD	B	0.03%
LECO	D	0.03%
BRKR	D	0.03%
DUOL	B	0.03%
BGNE	B	0.03%
PATK	C	0.02%
RMBS	F	0.02%
ALKT	D	0.02%
APLS	F	0.02%
CALM	B	0.02%
VICR	B	0.02%
LOPE	D	0.02%
RNA	B	0.02%
SATS	C	0.02%
ROAD	C	0.02%
RUSHA	D	0.02%
TCBI	C	0.02%
ADMA	C	0.02%
TBBK	C	0.02%
CVCO	B	0.02%
CLBT	C	0.02%
FOLD	F	0.02%
BANF	D	0.02%
SLAB	D	0.02%
AEIS	F	0.02%
NMIH	C	0.02%
CRSP	F	0.02%
IPAR	D	0.02%
KTOS	A	0.02%
VOD	C	0.02%
NEOG	D	0.02%
PTEN	F	0.02%
PLXS	B	0.02%
LI	C	0.02%
AUR	C	0.02%
VCTR	B	0.02%
TFSL	F	0.02%
MARA	F	0.02%
RKLB	B	0.02%
IBOC	D	0.02%
IAC	C	0.02%
GLNG	A	0.02%
PCH	C	0.02%
INTA	C	0.02%
SANM	D	0.02%
QLYS	F	0.02%
IMVT	F	0.02%
XRAY	D	0.02%
IESC	B	0.02%
CRNX	C	0.02%
OPCH	F	0.02%
COLM	B	0.02%
LITE	A	0.02%
APPF	C	0.02%
CNXC	F	0.02%
ACLX	C	0.02%
WMG	D	0.02%
BGC	C	0.02%
CHCI	A	0.02%
RUN	D	0.02%
STEP	A	0.02%
BECN	F	0.02%
LYFT	D	0.02%
SITM	B	0.02%
FIZZ	D	0.02%
LEGN	F	0.02%
BLKB	C	0.02%
LANC	F	0.02%
CFLT	F	0.02%
ONB	D	0.02%
HCP	B	0.02%
SRCL	B	0.02%
VLY	C	0.02%
KRYS	D	0.02%
DNLI	C	0.02%
HTHT	A	0.02%
CRDO	B	0.02%
ITRI	C	0.02%
SBRA	C	0.02%
PECO	C	0.02%
HWC	D	0.02%
SGRY	C	0.02%
AXSM	B	0.02%
CACC	F	0.02%
EEFT	F	0.02%
PRCT	C	0.02%
LSTR	D	0.02%
ICUI	B	0.02%
STRL	B	0.02%
ALKS	B	0.02%
BPMC	F	0.02%
DBX	B	0.02%
VRRM	D	0.02%
SLM	C	0.02%
MDGL	F	0.02%
ALTR	B	0.02%
CORT	B	0.02%
COOP	B	0.02%
ASO	D	0.02%
FELE	C	0.02%
RDNT	C	0.02%
FIVE	D	0.02%
RARE	C	0.02%
TMDX	D	0.02%
EXLS	A	0.02%
BBIO	F	0.02%
ALGM	F	0.02%
TIGO	C	0.02%
TENB	F	0.02%
UBSI	D	0.02%
CWST	D	0.02%
AVAV	B	0.02%
CHX	D	0.02%
GNTX	D	0.02%
UMBF	C	0.02%
SHC	C	0.02%
ACIW	B	0.02%
SIGI	D	0.02%
PI	B	0.02%
CYTK	F	0.02%
MMSI	C	0.02%
BPOP	D	0.02%
NSIT	B	0.02%
ZION	D	0.02%
QXO	F	0.02%
VRNS	C	0.02%
NXST	D	0.02%
AGNC	C	0.02%
COLB	C	0.02%
EXPO	A	0.02%
CRVL	C	0.02%
PNFP	D	0.02%
CRUS	D	0.02%
TPG	B	0.02%
BCPC	C	0.02%
IEP	F	0.02%
PEGA	B	0.02%
RCM	B	0.02%
AAL	D	0.02%
JAZZ	F	0.02%
CGNX	F	0.02%
ETSY	F	0.02%
MASI	B	0.02%
FFIN	D	0.02%
ACT	C	0.02%
FRHC	A	0.02%
CSWI	B	0.02%
CVLT	C	0.02%
NUVL	B	0.02%
FRPT	C	0.02%
IONS	F	0.02%
HQY	C	0.02%
FUTU	B	0.02%
OLLI	C	0.02%
LFUS	C	0.02%
BOKF	D	0.02%
NOVT	C	0.02%
GTLB	D	0.02%
EBTC	C	0.01%
GRFS	C	0.01%
CIFR	D	0.01%
AMWD	B	0.01%
TRDA	D	0.01%
BASE	F	0.01%
IRON	C	0.01%
LBRDA	B	0.01%
PYCR	D	0.01%
IQ	D	0.01%
HAFC	D	0.01%
JACK	F	0.01%
MOMO	B	0.01%
GDEN	D	0.01%
TTGT	F	0.01%
LQDA	F	0.01%
SRCL	B	0.01%
JBSS	F	0.01%
OABI	F	0.01%
NNDM	D	0.01%
FLYW	F	0.01%
GSM	D	0.01%
CNSL	A	0.01%
SCHL	F	0.01%
ISTR	C	0.01%
PLAY	D	0.01%
RIOT	F	0.01%
ICHR	D	0.01%
ASTL	C	0.01%
CNTA	B	0.01%
NRIX	D	0.01%
CBRL	D	0.01%
NEXT	F	0.01%
IMNM	F	0.01%
FFIC	D	0.01%
BCBP	D	0.01%
EYE	F	0.01%
PLYA	D	0.01%
ESTA	D	0.01%
MNTK	D	0.01%
GLUE	D	0.01%
TRS	D	0.01%
MATW	F	0.01%
KELYA	D	0.01%
SOUN	D	0.01%
WVE	B	0.01%
WASH	D	0.01%
IREN	D	0.01%
GIII	C	0.01%
CVAC	F	0.01%
NNBR	B	0.01%
IMKTA	F	0.01%
ODP	F	0.01%
OPK	D	0.01%
CEVA	B	0.01%
WOOF	A	0.01%
EMBC	F	0.01%
BVS	B	0.01%
FWRG	F	0.01%
PHAT	C	0.01%
GMAB	F	0.01%
FLGT	F	0.01%
KRNT	B	0.01%
SVRA	F	0.01%
SRRK	F	0.01%
ULCC	D	0.01%
SAVA	D	0.01%
CMCO	D	0.01%
KALU	D	0.01%
COMM	C	0.01%
PFC	D	0.01%
BCYC	D	0.01%
DHC	B	0.01%
PGNY	F	0.01%
LBPH	D	0.01%
SDGR	F	0.01%
SABR	B	0.01%
IBUY	A	0.01%
DLO	D	0.01%
VIR	F	0.01%
COHU	F	0.01%
BLMN	F	0.01%
TREE	C	0.01%
VRNT	F	0.01%
SPRY	B	0.01%
AVAH	D	0.01%
MRVI	F	0.01%
HTLD	F	0.01%
TVTX	C	0.01%
NVEE	F	0.01%
CNDT	B	0.01%
CDNA	B	0.01%
PDFS	F	0.01%
MLCO	B	0.01%
COLL	B	0.01%
NSSC	F	0.01%
WB	B	0.01%
RLAY	F	0.01%
PSNY	D	0.01%
PCT	C	0.01%
VSEC	D	0.01%
AMSF	B	0.01%
HBNC	D	0.01%
STAA	D	0.01%
WULF	C	0.01%
TARS	C	0.01%
IMCR	F	0.01%
TH	F	0.01%
SEDG	F	0.01%
GDYN	B	0.01%
AVO	C	0.01%
WABC	F	0.01%
AMED	D	0.01%
COGT	C	0.01%
HROW	B	0.01%
CLOV	B	0.01%
HTZ	F	0.01%
FWRD	D	0.01%
CRAI	C	0.01%
THRM	F	0.01%
ANAB	D	0.01%
IMTX	F	0.01%
CLSK	F	0.01%
ANIP	F	0.01%
APOG	B	0.01%
PEBO	F	0.01%
RDWR	A	0.01%
SPT	F	0.01%
PFBC	D	0.01%
TYRA	C	0.01%
INMD	F	0.01%
TRNS	D	0.01%
ARDX	D	0.01%
NFE	F	0.01%
DGII	B	0.01%
VITL	B	0.01%
UNIT	B	0.01%
NVAX	C	0.01%
UCTT	D	0.01%
MCRI	B	0.01%
RDFN	C	0.01%
VMEO	C	0.01%
ZLAB	B	0.01%
MRTN	F	0.01%
CSGS	C	0.01%
PLAB	D	0.01%
CENX	B	0.01%
AUPH	C	0.01%
SAFT	D	0.01%
MBUU	D	0.01%
SCSC	D	0.01%
ULH	C	0.01%
UDMY	F	0.01%
AOSL	D	0.01%
TCBK	D	0.01%
OCFC	C	0.01%
ECPG	F	0.01%
VRDN	A	0.01%
ATAT	A	0.01%
QNST	B	0.01%
INFN	C	0.01%
CAKE	A	0.01%
SIMO	F	0.01%
GABC	D	0.01%
INVA	B	0.01%
BLBD	D	0.01%
WINA	D	0.01%
DAWN	D	0.01%
ENVX	D	0.01%
TLRY	F	0.01%
INBK	D	0.01%
MYRG	F	0.01%
MSEX	C	0.01%
BCRX	D	0.01%
NAVI	D	0.01%
VECO	F	0.01%
SCVL	D	0.01%
CENTA	F	0.01%
FIVN	F	0.01%
ANDE	D	0.01%
AXNX	A	0.01%
DVAX	D	0.01%
RNW	D	0.01%
MNKD	C	0.01%
SNDX	F	0.01%
TTMI	D	0.01%
AKRO	C	0.01%
BILI	B	0.01%
RCKT	F	0.01%
LKFN	F	0.01%
PRDO	D	0.01%
IDCC	A	0.01%
PLUG	D	0.01%
CHEF	C	0.01%
OLPX	C	0.01%
PDCO	F	0.01%
HAIN	B	0.01%
AHCO	C	0.01%
ROIC	C	0.01%
MLKN	F	0.01%
NWBI	D	0.01%
APPN	B	0.01%
HLIT	C	0.01%
VERA	C	0.01%
IAS	F	0.01%
PAGP	D	0.01%
AY	C	0.01%
SUPN	D	0.01%
NVCR	F	0.01%
AMRK	B	0.01%
KURA	F	0.01%
IRTC	F	0.01%
SASR	C	0.01%
RPD	D	0.01%
GDS	B	0.01%
NEO	F	0.01%
MGNI	D	0.01%
ARVN	F	0.01%
DCOM	C	0.01%
SBLK	B	0.01%
WSBC	D	0.01%
DOOO	F	0.01%
BUSE	D	0.01%
XNCR	D	0.01%
TRUP	D	0.01%
CAR	D	0.01%
VBTX	C	0.01%
VRNA	C	0.01%
VC	F	0.01%
CNXN	C	0.01%
SKWD	B	0.01%
CASH	D	0.01%
SYBT	D	0.01%
GTX	F	0.01%
FRME	D	0.01%
PRVA	F	0.01%
CRTO	D	0.01%
HEES	D	0.01%
HOPE	D	0.01%
ATEX	D	0.01%
EXTR	C	0.01%
RRR	D	0.01%
LAUR	C	0.01%
CHCO	D	0.01%
EVCM	D	0.01%
PINC	F	0.01%
STRA	F	0.01%
OSW	C	0.01%
WERN	D	0.01%
JANX	D	0.01%
XRX	D	0.01%
FTRE	F	0.01%
SPNS	C	0.01%
LGND	D	0.01%
NTCT	B	0.01%
RXST	F	0.01%
YY	C	0.01%
BEAM	F	0.01%
PTVE	D	0.01%
JBLU	B	0.01%
DNUT	D	0.01%
TRMK	D	0.01%
XPEL	D	0.01%
VIAV	B	0.01%
SBCF	D	0.01%
MGPI	D	0.01%
GGAL	C	0.01%
EFSC	D	0.01%
CPRX	C	0.01%
AZTA	F	0.01%
HPK	F	0.01%
STBA	D	0.01%
HRMY	D	0.01%
CLBK	F	0.01%
PTGX	C	0.01%
HURN	D	0.01%
ROCK	D	0.01%
LMAT	B	0.01%
TWST	D	0.01%
GT	F	0.01%
FFBC	D	0.01%
KLIC	D	0.01%
CMPR	F	0.01%
BANR	C	0.01%
MIRM	D	0.01%
ALHC	B	0.01%
ATRC	C	0.01%
WEN	D	0.01%
NMRK	A	0.01%
ADUS	D	0.01%
MYGN	D	0.01%
LGIH	C	0.01%
INDB	D	0.01%
MGRC	D	0.01%
DIOD	F	0.01%
MBIN	D	0.01%
FBNC	D	0.01%
ATSG	B	0.01%
ARCB	D	0.01%
VCYT	C	0.01%
KROS	B	0.01%
ALRM	F	0.01%
EWTX	B	0.01%
AMRX	B	0.01%
ACLS	F	0.01%
RBCAA	D	0.01%
PLTK	C	0.01%
VCEL	F	0.01%
NARI	F	0.01%
KYMR	D	0.01%
LIVN	B	0.01%
GOGL	B	0.01%
PRGS	B	0.01%
NBTB	D	0.01%
FROG	F	0.01%
MQ	F	0.01%
GSHD	B	0.01%
FRSH	F	0.01%
MRCY	B	0.01%
PSMT	B	0.01%
CVBF	B	0.01%
ERII	B	0.01%
SWTX	F	0.01%
CARG	C	0.01%
PPBI	F	0.01%
OSIS	B	0.01%
BL	D	0.01%
VERX	A	0.01%
IOVA	F	0.01%
SVC	F	0.01%
SKYW	B	0.01%
PLMR	C	0.01%
TXG	F	0.01%
IDYA	F	0.01%
TNDM	D	0.01%
PRFT	A	0.01%
NWE	B	0.01%
ERIC	B	0.01%
ARWR	F	0.01%
CLDX	F	0.01%
ZD	D	0.01%
FULT	D	0.01%
JAMF	F	0.01%
AMPH	C	0.01%
FLNC	C	0.01%
GERN	D	0.01%
IOSP	F	0.01%
ZG	C	0.01%
SYNA	D	0.01%
OMCL	C	0.01%
LILAK	D	0.01%
AGIO	D	0.01%
SMTC	C	0.01%
DRVN	B	0.01%
POWL	A	0.01%
ACAD	F	0.01%
USLM	C	0.01%
CGON	C	0.01%
SNEX	C	0.01%
BHF	F	0.01%
MRUS	D	0.01%
HTLF	C	0.01%
IBTX	D	0.01%
PLUS	C	0.01%
UPST	C	0.01%
BRZE	F	0.01%
ASTE	F	0.01%
PTCT	C	0.01%
TOWN	D	0.01%
AGYS	D	0.01%
DYN	D	0.01%
TGTX	C	0.01%
FHB	D	0.01%
EXPI	C	0.01%
HUBG	D	0.01%
BZ	B	0.01%
HWKN	A	0.01%
EBC	D	0.01%
STNE	F	0.01%
FORM	F	0.01%
ASTH	A	0.01%
QFIN	A	0.01%
RYTM	C	0.01%
URBN	F	0.01%
GH	F	0.01%
UFPT	D	0.01%
LFST	B	0.01%
ESGR	D	0.01%
OTTR	F	0.01%
AMBA	B	0.01%
SFNC	C	0.01%
AVT	C	0.01%
POWI	F	0.01%
PENN	D	0.01%
OZK	F	0.01%
CATY	D	0.01%
SMPL	D	0.01%
VIRT	B	0.01%
SHOO	A	0.01%
FA	A	0.01%
FIBK	D	0.01%
FTDR	C	0.01%
ARLP	A	0.01%
NPAB	D	0.01%
XENE	D	0.01%
MGEE	C	0.01%
TRMD	D	0.01%
DORM	C	0.01%
WAFD	D	0.01%
NWL	D	0.01%
WDFC	B	0.01%
IRDM	B	0.01%
ACVA	C	0.01%
WSFS	D	0.01%
NCNO	F	0.01%
JJSF	B	0.01%
ICFI	C	0.01%
CCOI	B	0.01%

ONEQ Underweight 346 Positions Relative to SSPY

Symbol	Grade	Weight
CVX	B	-0.8%
XOM	A	-0.8%
SYY	B	-0.76%
WMT	A	-0.76%
KR	C	-0.76%
TJX	C	-0.75%
COF	C	-0.72%
DFS	C	-0.7%
SYF	B	-0.69%
CVS	D	-0.68%
DPZ	D	-0.54%
DRI	C	-0.54%
BRK.A	C	-0.52%
PSX	D	-0.52%
CMG	C	-0.52%
YUM	A	-0.51%
MCD	A	-0.51%
MSI	A	-0.51%
VLO	F	-0.5%
MPC	F	-0.5%
L	D	-0.5%
EL	D	-0.47%
KMB	B	-0.43%
CL	D	-0.43%
KVUE	C	-0.43%
CLX	B	-0.43%
CHD	C	-0.43%
PG	C	-0.43%
PWR	B	-0.42%
BWA	B	-0.41%
J	D	-0.4%
APTV	D	-0.4%
VST	A	-0.4%
BG	F	-0.38%
ADM	D	-0.38%
PM	C	-0.37%
MO	D	-0.37%
HRL	F	-0.37%
TSN	D	-0.37%
CRM	B	-0.36%
JBL	D	-0.36%
SLB	D	-0.36%
HAL	F	-0.36%
HPQ	C	-0.36%
ORCL	B	-0.35%
IBM	B	-0.35%
UHS	D	-0.35%
NKE	D	-0.34%
ATO	A	-0.34%
T	A	-0.34%
VZ	A	-0.34%
NI	A	-0.34%
HCA	B	-0.34%
IPG	C	-0.34%
OMC	C	-0.34%
GRMN	D	-0.34%
NRG	A	-0.33%
AWK	B	-0.33%
TPR	B	-0.32%
RL	B	-0.32%
AES	B	-0.31%
DECK	B	-0.3%
FCX	B	-0.29%
NVR	A	-0.28%
GDDY	D	-0.28%
NUE	D	-0.27%
RJF	B	-0.27%
TRGP	B	-0.27%
KMI	A	-0.27%
CNC	F	-0.27%
DAL	C	-0.27%
SWK	A	-0.27%
HD	A	-0.27%
ETN	C	-0.27%
DLR	C	-0.27%
CTLT	A	-0.26%
PFE	D	-0.26%
ZTS	C	-0.26%
F	D	-0.26%
WMB	A	-0.26%
MOH	D	-0.26%
ETR	A	-0.26%
PHM	A	-0.26%
CNP	B	-0.26%
BMY	B	-0.26%
GS	C	-0.26%
GM	D	-0.26%
LUV	B	-0.26%
HUBB	A	-0.26%
HUM	F	-0.26%
PEG	A	-0.26%
NEM	C	-0.26%
SCHW	D	-0.26%
MS	B	-0.26%
OKE	B	-0.26%
UNH	B	-0.26%
LOW	A	-0.26%
D	A	-0.25%
JNJ	D	-0.25%
FE	B	-0.25%
ED	A	-0.25%
DHI	C	-0.25%
LEN	B	-0.25%
MRK	F	-0.25%
LLY	D	-0.25%
DTE	A	-0.25%
ABBV	A	-0.25%
TAP	D	-0.25%
NEE	A	-0.25%
STZ	B	-0.25%
KO	C	-0.25%
EIX	A	-0.25%
SNA	A	-0.25%
ELV	F	-0.25%
NOW	C	-0.24%
TYL	B	-0.23%
DAY	B	-0.23%
PAYC	D	-0.23%
PLTR	A	-0.23%
ANET	A	-0.22%
GIS	C	-0.22%
MKC	C	-0.22%
CAG	D	-0.22%
LW	D	-0.22%
ALL	B	-0.21%
KEYS	B	-0.21%
AIZ	A	-0.21%
PRU	C	-0.21%
DIS	D	-0.21%
GL	C	-0.21%
SJM	C	-0.21%
MET	A	-0.21%
CI	D	-0.2%
MAS	A	-0.2%
CAH	B	-0.2%
APH	D	-0.2%
BLDR	B	-0.2%
PNR	C	-0.2%
IEX	D	-0.2%
PGR	C	-0.2%
GLW	B	-0.2%
AIG	F	-0.2%
AOS	B	-0.2%
JNPR	B	-0.2%
IR	A	-0.2%
AFL	A	-0.2%
MCK	F	-0.19%
HPE	B	-0.19%
RSG	D	-0.19%
BBWI	F	-0.19%
WM	B	-0.19%
GEV	B	-0.19%
MHK	B	-0.19%
K	B	-0.19%
ROL	B	-0.19%
XYL	C	-0.19%
TEL	D	-0.19%
DVN	F	-0.18%
WY	B	-0.18%
CTRA	D	-0.18%
MLM	D	-0.18%
VMC	D	-0.18%
GE	C	-0.18%
EQT	B	-0.18%
HSY	D	-0.18%
TXT	F	-0.17%
DGX	B	-0.17%
BA	F	-0.17%
DG	F	-0.17%
BBY	B	-0.17%
GD	A	-0.17%
ITW	A	-0.17%
DELL	C	-0.17%
TGT	C	-0.17%
MMM	C	-0.17%
DOV	C	-0.17%
TRV	C	-0.15%
HIG	A	-0.15%
CB	A	-0.15%
CRL	F	-0.15%
KMX	F	-0.15%
A	B	-0.15%
WAT	B	-0.15%
MTD	B	-0.15%
GPC	D	-0.15%
AZO	D	-0.14%
WAB	A	-0.14%
IT	C	-0.14%
LDOS	A	-0.14%
CAT	A	-0.14%
WRB	B	-0.14%
TMO	C	-0.14%
URI	C	-0.14%
IQV	F	-0.14%
EG	B	-0.14%
ZBH	F	-0.13%
BALL	C	-0.13%
AMCR	B	-0.13%
BAC	D	-0.13%
AME	D	-0.13%
WFC	D	-0.13%
ACN	B	-0.13%
JPM	D	-0.13%
GWW	A	-0.13%
DE	A	-0.13%
EPAM	F	-0.13%
C	B	-0.13%
BXP	C	-0.12%
BK	C	-0.12%
HLT	A	-0.12%
UBER	C	-0.12%
STT	C	-0.12%
STE	D	-0.12%
SYK	C	-0.12%
ESS	C	-0.11%
INVH	D	-0.11%
EQR	C	-0.11%
AVB	C	-0.11%
MAA	C	-0.11%
UDR	C	-0.11%
DVA	C	-0.11%
VTR	C	-0.11%
BR	B	-0.11%
WELL	C	-0.11%
ARE	D	-0.11%
PSA	C	-0.11%
DOC	C	-0.11%
CPT	C	-0.11%
EXR	C	-0.11%
RMD	C	-0.1%
DHR	C	-0.1%
UPS	D	-0.09%
AMP	A	-0.09%
FMC	B	-0.09%
BLK	A	-0.09%
CTVA	A	-0.09%
LHX	A	-0.09%
BX	C	-0.09%
LMT	A	-0.09%
NOC	B	-0.09%
EXPD	C	-0.09%
BEN	F	-0.09%
CF	A	-0.09%
RCL	C	-0.09%
LYV	A	-0.09%
CCL	C	-0.09%
KKR	A	-0.09%
NCLH	C	-0.09%
IVZ	A	-0.09%
ES	C	-0.08%
COP	D	-0.08%
MRO	D	-0.08%
WEC	A	-0.08%
PNW	A	-0.08%
HES	D	-0.08%
FDX	D	-0.08%
EOG	B	-0.08%
TT	A	-0.08%
CMS	A	-0.08%
DUK	A	-0.08%
ALLE	A	-0.08%
SO	A	-0.08%
PCG	B	-0.08%
PPL	A	-0.08%
SRE	A	-0.08%
HWM	A	-0.08%
AEE	A	-0.08%
JCI	B	-0.08%
OTIS	A	-0.08%
CARR	A	-0.08%
TDG	A	-0.08%
PH	A	-0.08%
GNRC	B	-0.08%
CMI	B	-0.08%
MOS	D	-0.08%
NSC	C	-0.08%
UNP	D	-0.08%
HII	F	-0.08%
RTX	A	-0.08%
PLD	D	-0.07%
FRT	D	-0.07%
SHW	B	-0.07%
VICI	C	-0.07%
KIM	C	-0.07%
SW	C	-0.07%
AMT	C	-0.07%
O	A	-0.07%
CCI	C	-0.07%
PPG	D	-0.07%
IRM	A	-0.07%
MGM	D	-0.07%
SPG	A	-0.07%
LYB	D	-0.07%
DOW	B	-0.07%
CE	D	-0.07%
OXY	F	-0.07%
LVS	B	-0.07%
TFC	D	-0.06%
FIS	C	-0.06%
CFG	D	-0.06%
USB	C	-0.06%
KEY	C	-0.06%
PNC	C	-0.06%
RF	C	-0.06%
MTB	C	-0.06%
EW	F	-0.06%
AVY	C	-0.06%
ABT	B	-0.06%
MDT	B	-0.06%
IP	C	-0.06%
BSX	A	-0.06%
PKG	C	-0.06%
CPAY	A	-0.05%
IFF	C	-0.05%
ECL	B	-0.05%
APD	C	-0.05%
BDX	B	-0.05%
BAX	D	-0.05%
ALB	D	-0.05%
FICO	A	-0.05%
TFX	C	-0.05%
SOLV	C	-0.05%
WST	D	-0.05%
DD	B	-0.05%
EMN	C	-0.05%
AJG	D	-0.04%
MMC	D	-0.04%
AON	A	-0.04%
BRO	A	-0.04%
CBRE	A	-0.04%
EFX	C	-0.04%
SPGI	C	-0.04%
MA	A	-0.04%
FDS	C	-0.04%
GPN	F	-0.04%
MCO	D	-0.04%
MSCI	B	-0.04%
V	C	-0.04%
AXP	A	-0.04%
ICE	A	-0.04%
CBOE	A	-0.04%
ROK	D	-0.03%
VLTO	A	-0.03%
EMR	B	-0.03%
FTV	B	-0.03%
TDY	A	-0.03%