ONEQ vs. VCIT ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

$71.02

Average Daily Volume

311,243

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$83.88

Average Daily Volume

6,347,937

Number of Holdings ^*

488

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	VCIT
30 Days	1.17%	1.70%
60 Days	1.73%	4.64%
90 Days	1.97%	5.55%
12 Months	34.63%	13.74%

99 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in VCIT	Overlap
AAL	D	0.02%	0.01%	0.01%
AAPL	C	11.9%	0.01%	0.01%
ACGL	C	0.15%	0.03%	0.03%
ADBE	F	0.84%	0.05%	0.05%
ADI	C	0.39%	0.04%	0.04%
ADP	B	0.39%	0.04%	0.04%
ADSK	C	0.19%	0.03%	0.03%
AEP	C	0.19%	0.01%	0.01%
AMAT	D	0.54%	0.04%	0.04%
AMGN	B	0.62%	0.01%	0.01%
AMZN	C	6.77%	0.09%	0.09%
AVGO	C	2.71%	0.01%	0.01%
AVT	C	0.01%	0.02%	0.01%
AZN	D	0.16%	0.05%	0.05%
BHF	F	0.01%	0.05%	0.01%
BIDU	D	0.04%	0.02%	0.02%
BIIB	F	0.1%	0.07%	0.07%
BKNG	C	0.46%	0.03%	0.03%
CHRW	B	0.04%	0.03%	0.03%
CHTR	D	0.17%	0.06%	0.06%
CINF	B	0.07%	0.02%	0.02%
CMCSA	D	0.54%	0.02%	0.02%
CME	C	0.28%	0.03%	0.03%
COST	B	1.41%	0.07%	0.07%
CPB	C	0.05%	0.03%	0.03%
CSX	D	0.23%	0.02%	0.02%
CTAS	B	0.29%	0.05%	0.05%
DLTR	F	0.05%	0.07%	0.05%
DOX	C	0.03%	0.03%	0.03%
EA	D	0.13%	0.04%	0.04%
EBAY	B	0.11%	0.04%	0.04%
EQIX	C	0.28%	0.02%	0.02%
ESGR	D	0.02%	0.02%	0.02%
EVRG	B	0.04%	0.01%	0.01%
EXC	C	0.14%	0.01%	0.01%
EXPE	C	0.06%	0.05%	0.05%
FANG	D	0.11%	0.04%	0.04%
FITB	B	0.1%	0.03%	0.03%
FLEX	C	0.04%	0.03%	0.03%
FOXA	B	0.03%	0.03%	0.03%
FTNT	C	0.2%	0.02%	0.02%
GILD	B	0.36%	0.01%	0.01%
GLPI	C	0.04%	0.03%	0.03%
GOOG	D	3.1%	0.01%	0.01%
GOOGL	D	3.23%	0.04%	0.04%
HAS	B	0.04%	0.01%	0.01%
HBAN	B	0.07%	0.02%	0.02%
HON	D	0.46%	0.01%	0.01%
HST	C	0.04%	0.03%	0.03%
ILMN	C	0.07%	0.03%	0.03%
INTC	F	0.29%	0.05%	0.05%
INTU	C	0.64%	0.02%	0.02%
JD	C	0.05%	0.03%	0.03%
KDP	B	0.17%	0.03%	0.03%
KLAC	D	0.35%	0.04%	0.04%
LIN	B	0.78%	0.03%	0.03%
LNT	B	0.05%	0.01%	0.01%
LRCX	F	0.35%	0.04%	0.04%
MAR	C	0.23%	0.01%	0.01%
MDLZ	B	0.35%	0.02%	0.02%
MRVL	C	0.22%	0.03%	0.03%
MSFT	C	11.17%	0.23%	0.23%
MU	F	0.35%	0.03%	0.03%
NDAQ	A	0.15%	0.03%	0.03%
NTAP	D	0.08%	0.03%	0.03%
NTRS	A	0.06%	0.02%	0.02%
NVDA	D	10.22%	0.06%	0.06%
NXPI	F	0.2%	0.03%	0.03%
ORLY	C	0.23%	0.01%	0.01%
PAA	C	0.04%	0.04%	0.04%
PEP	C	0.85%	0.02%	0.02%
PFG	B	0.06%	0.02%	0.02%
PYPL	B	0.25%	0.05%	0.05%
QCOM	D	0.65%	0.05%	0.05%
QRVO	F	0.03%	0.05%	0.03%
REG	C	0.05%	0.02%	0.02%
REGN	C	0.43%	0.06%	0.06%
ROP	C	0.2%	0.03%	0.03%
ROST	C	0.18%	0.02%	0.02%
RPRX	C	0.04%	0.02%	0.02%
SBRA	C	0.02%	0.03%	0.02%
SBUX	C	0.39%	0.02%	0.02%
STLD	F	0.06%	0.02%	0.02%
SWKS	D	0.05%	0.03%	0.03%
TMUS	C	0.83%	0.09%	0.09%
TRMB	C	0.05%	0.03%	0.03%
TSCO	C	0.11%	0.03%	0.03%
TXN	C	0.63%	0.02%	0.02%
UAL	C	0.06%	0.01%	0.01%
VOD	C	0.02%	0.04%	0.02%
VRSK	D	0.13%	0.06%	0.06%
VRSN	D	0.06%	0.04%	0.04%
VTRS	D	0.05%	0.04%	0.04%
WB	D	0.01%	0.03%	0.01%
WBA	F	0.03%	0.02%	0.02%
WTFC	B	0.02%	0.01%	0.01%
XEL	B	0.13%	0.01%	0.01%
XRAY	D	0.02%	0.04%	0.02%
ZION	D	0.02%	0.03%	0.02%

ONEQ Overweight 725 Positions Relative to VCIT

Symbol	Grade	Weight
META	B	4.01%
TSLA	C	2.56%
NFLX	B	1.04%
AMD	D	0.86%
CSCO	C	0.7%
ISRG	B	0.6%
VRTX	D	0.43%
PANW	D	0.39%
MELI	B	0.38%
ASML	F	0.26%
SNPS	D	0.26%
CDNS	D	0.25%
CEG	C	0.22%
PDD	F	0.22%
CRWD	D	0.21%
ABNB	D	0.18%
WDAY	D	0.18%
MNST	D	0.18%
CPRT	D	0.17%
PAYX	C	0.17%
PCAR	D	0.17%
DASH	C	0.17%
TTD	B	0.16%
ODFL	D	0.15%
KHC	C	0.15%
MPWR	C	0.15%
FAST	C	0.14%
GEHC	C	0.14%
IDXX	C	0.14%
MCHP	F	0.14%
CCEP	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%
CSGP	D	0.11%
LULU	D	0.11%
DXCM	F	0.1%
AXON	B	0.1%
CDW	D	0.1%
WTW	C	0.1%
ON	D	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ZS	F	0.09%
SBAC	C	0.09%
TTWO	C	0.09%
ERIE	B	0.09%
TEAM	D	0.09%
MRNA	F	0.09%
SMCI	F	0.09%
ANSS	D	0.09%
WDC	D	0.08%
STX	C	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%
PTC	D	0.07%
TER	D	0.07%
CHKP	B	0.07%
WBD	D	0.07%
NTRA	C	0.06%
LPLA	D	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	F	0.06%
SNY	B	0.06%
PODD	B	0.06%
ULTA	D	0.06%
SSNC	B	0.06%
ZM	C	0.06%
ZBRA	B	0.06%
ARM	D	0.06%
HOOD	C	0.06%
HOLX	B	0.06%
DKNG	C	0.06%
ARGX	C	0.06%
ALGN	D	0.06%
POOL	C	0.05%
GRAB	C	0.05%
BNTX	C	0.05%
NDSN	C	0.05%
LOGI	D	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	C	0.05%
NTNX	C	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
BSY	D	0.05%
UTHR	C	0.05%
TW	B	0.05%
AKAM	D	0.05%
CG	D	0.05%
MANH	B	0.05%
TCOM	C	0.05%
ENPH	D	0.05%
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%
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%
AFRM	C	0.04%
INSM	D	0.04%
INCY	C	0.04%
TECH	C	0.04%
SRPT	D	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
OKTA	F	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	B	0.03%
ETSY	F	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%
WYNN	D	0.03%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
HSIC	C	0.03%
SPSC	D	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%
APA	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%
SOFI	C	0.03%
ROKU	C	0.03%
CHDN	C	0.03%
PCTY	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%
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%
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%
EEFT	D	0.02%
CNXC	F	0.02%
FELE	C	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%
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%
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%
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%
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%
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%
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 389 Positions Relative to VCIT

Symbol	Grade	Weight
DT	C	-0.28%
WIT	C	-0.15%
ABBV	C	-0.13%
AXP	B	-0.11%
DD	B	-0.1%
RJF	C	-0.07%
NOW	B	-0.07%
MET	B	-0.07%
DB	B	-0.07%
CRM	D	-0.07%
BABA	B	-0.07%
HAL	F	-0.06%
KOF	D	-0.06%
TSN	C	-0.06%
MRK	D	-0.06%
ADM	D	-0.05%
BMO	C	-0.05%
ARCC	B	-0.05%
ZBH	F	-0.05%
PWR	B	-0.05%
STE	C	-0.05%
SLB	F	-0.05%
LDOS	B	-0.05%
IEX	D	-0.05%
EOG	D	-0.05%
CAH	C	-0.05%
TD	B	-0.05%
NVR	B	-0.05%
MRO	C	-0.05%
SYY	D	-0.05%
NEM	B	-0.05%
PH	B	-0.05%
HCA	B	-0.05%
NWG	C	-0.05%
T	C	-0.05%
GS	C	-0.05%
PSX	F	-0.04%
L	C	-0.04%
DHR	B	-0.04%
CMI	C	-0.04%
AGR	B	-0.04%
BEN	F	-0.04%
AMG	C	-0.04%
URI	B	-0.04%
UHS	B	-0.04%
MOS	F	-0.04%
MTB	B	-0.04%
ITW	C	-0.04%
INVH	C	-0.04%
EXP	B	-0.04%
CNH	D	-0.04%
LVS	D	-0.04%
LMT	C	-0.04%
MPC	F	-0.04%
BR	D	-0.04%
HPQ	D	-0.04%
AER	B	-0.04%
BLK	B	-0.04%
WAB	B	-0.04%
MPLX	B	-0.04%
GIS	B	-0.04%
PG	C	-0.04%
OTIS	C	-0.04%
NKE	D	-0.04%
ET	B	-0.04%
MMC	C	-0.04%
GSK	C	-0.04%
DELL	D	-0.04%
CARR	B	-0.04%
GE	B	-0.04%
VZ	B	-0.04%
LLY	C	-0.03%
KEX	C	-0.03%
HRB	C	-0.03%
JNPR	B	-0.03%
INGR	B	-0.03%
JBL	D	-0.03%
KSS	F	-0.03%
FHN	D	-0.03%
EMN	B	-0.03%
FAF	B	-0.03%
AYI	B	-0.03%
BNS	B	-0.03%
BERY	B	-0.03%
RF	B	-0.03%
HP	F	-0.03%
HIG	B	-0.03%
DXC	C	-0.03%
FLS	D	-0.03%
EW	F	-0.03%
ETN	C	-0.03%
BC	C	-0.03%
CNO	B	-0.03%
CMA	B	-0.03%
AGO	C	-0.03%
ARW	C	-0.03%
AAT	B	-0.03%
BDN	B	-0.03%
TEL	D	-0.03%
VNT	F	-0.03%
RPM	B	-0.03%
PHM	B	-0.03%
RL	C	-0.03%
SCS	D	-0.03%
SON	C	-0.03%
SNX	D	-0.03%
RGA	C	-0.03%
DAL	C	-0.03%
CSL	B	-0.03%
FMC	C	-0.03%
SWK	B	-0.03%
TT	B	-0.03%
VFC	C	-0.03%
SJM	C	-0.03%
KEYS	C	-0.03%
CFG	C	-0.03%
OMC	B	-0.03%
EFX	B	-0.03%
AZO	D	-0.03%
VLO	F	-0.03%
WTRG	D	-0.03%
LYB	D	-0.03%
O	C	-0.03%
ICE	C	-0.03%
FIS	B	-0.03%
BG	D	-0.03%
SYF	C	-0.03%
NI	B	-0.03%
CCI	C	-0.03%
TMO	B	-0.03%
UPS	D	-0.03%
SRE	C	-0.03%
V	C	-0.03%
MA	B	-0.03%
DG	F	-0.03%
HD	B	-0.03%
DLR	B	-0.03%
AMT	C	-0.03%
TDY	B	-0.03%
EPD	B	-0.03%
COF	B	-0.03%
BDX	D	-0.03%
MUFG	D	-0.03%
DIS	D	-0.03%
PFE	C	-0.03%
BMY	C	-0.03%
BA	F	-0.03%
UNM	B	-0.02%
TME	F	-0.02%
R	A	-0.02%
SKT	B	-0.02%
SITC	D	-0.02%
PKG	B	-0.02%
RS	D	-0.02%
SAFE	C	-0.02%
AIZ	B	-0.02%
CHD	D	-0.02%
BKU	C	-0.02%
CE	F	-0.02%
AN	D	-0.02%
AMH	C	-0.02%
NVT	D	-0.02%
GPC	D	-0.02%
HR	C	-0.02%
IFF	B	-0.02%
GXO	D	-0.02%
EPRT	B	-0.02%
DHI	B	-0.02%
FRT	C	-0.02%
WU	F	-0.02%
TKR	D	-0.02%
RYN	C	-0.02%
SF	A	-0.02%
NOV	F	-0.02%
NHI	C	-0.02%
MHK	C	-0.02%
DOV	B	-0.02%
DSS	F	-0.02%
AFG	B	-0.02%
WBS	D	-0.02%
VOYA	B	-0.02%
VNO	B	-0.02%
FSK	B	-0.02%
CTVA	B	-0.02%
EXR	B	-0.02%
DRI	B	-0.02%
OSK	F	-0.02%
LII	B	-0.02%
MDT	C	-0.02%
MCY	D	-0.02%
PDM	B	-0.02%
OC	D	-0.02%
LEG	D	-0.02%
LAZ	B	-0.02%
KIM	C	-0.02%
KRC	B	-0.02%
AVY	C	-0.02%
PRE	F	-0.02%
MAS	B	-0.02%
LNC	D	-0.02%
MCO	B	-0.02%
NUE	F	-0.02%
JCI	B	-0.02%
H	C	-0.02%
BBY	C	-0.02%
ALLE	B	-0.02%
ALL	B	-0.02%
BAX	C	-0.02%
AVB	B	-0.02%
ATO	B	-0.02%
CBOE	C	-0.02%
WPC	C	-0.02%
SPGI	B	-0.02%
PPG	D	-0.02%
GL	C	-0.02%
EQR	B	-0.02%
EPR	B	-0.02%
EL	F	-0.02%
FNF	B	-0.02%
ZTS	C	-0.02%
CP	C	-0.02%
XYL	C	-0.02%
VMC	D	-0.02%
LEA	F	-0.02%
K	B	-0.02%
HUN	D	-0.02%
CNP	C	-0.02%
CMS	C	-0.02%
BRO	C	-0.02%
AWK	B	-0.02%
AES	C	-0.02%
A	C	-0.02%
VTR	C	-0.02%
PRU	C	-0.02%
PM	C	-0.02%
MMM	B	-0.02%
KEY	B	-0.02%
KMB	D	-0.02%
FDX	C	-0.02%
APD	B	-0.02%
IPG	C	-0.02%
CPT	B	-0.02%
CAT	B	-0.02%
SYK	C	-0.02%
MSI	B	-0.02%
APH	D	-0.02%
TGT	C	-0.02%
UNP	C	-0.02%
SO	B	-0.02%
GM	C	-0.02%
HES	F	-0.02%
JEF	B	-0.02%
TFC	C	-0.02%
STZ	D	-0.02%
SHW	B	-0.02%
GPN	D	-0.02%
BXP	B	-0.02%
NOC	B	-0.02%
ABT	C	-0.02%
AIG	D	-0.02%
MO	C	-0.02%
CVS	D	-0.02%
ORCL	C	-0.02%
CI	C	-0.02%
C	C	-0.02%
GBDC	C	-0.01%
SAVE	F	-0.01%
OCSL	F	-0.01%
SNA	C	-0.01%
PNR	B	-0.01%
PSEC	C	-0.01%
NEU	D	-0.01%
OGS	B	-0.01%
APTV	D	-0.01%
KRG	B	-0.01%
CBT	B	-0.01%
KMT	B	-0.01%
WLK	D	-0.01%
THG	B	-0.01%
WEC	C	-0.01%
CHH	C	-0.01%
ADC	C	-0.01%
KMPR	D	-0.01%
PNW	C	-0.01%
ROK	D	-0.01%
RNR	C	-0.01%
HUBB	B	-0.01%
HSY	C	-0.01%
LXP	B	-0.01%
NFG	B	-0.01%
MKL	C	-0.01%
OPI	F	-0.01%
NSC	C	-0.01%
HPP	D	-0.01%
CUBE	B	-0.01%
DVN	F	-0.01%
BKH	B	-0.01%
UDR	C	-0.01%
TXT	D	-0.01%
SWX	C	-0.01%
PSA	B	-0.01%
OGE	C	-0.01%
HUM	F	-0.01%
GP	D	-0.01%
HIW	B	-0.01%
FLO	C	-0.01%
AXS	B	-0.01%
PEG	B	-0.01%
REXR	C	-0.01%
PGR	B	-0.01%
ETR	B	-0.01%
CNA	C	-0.01%
CLX	C	-0.01%
AAP	F	-0.01%
SUI	B	-0.01%
TJX	B	-0.01%
NNN	C	-0.01%
LH	C	-0.01%
HII	D	-0.01%
EMR	D	-0.01%
DGX	B	-0.01%
EIX	C	-0.01%
ED	C	-0.01%
AL	D	-0.01%
AEE	C	-0.01%
RSG	D	-0.01%
MLM	D	-0.01%
OHI	B	-0.01%
ESS	B	-0.01%
ES	C	-0.01%
AMCR	B	-0.01%
WELL	C	-0.01%
MAA	B	-0.01%
MKC	C	-0.01%
HRL	C	-0.01%
DTE	C	-0.01%
ARE	C	-0.01%
DOC	C	-0.01%
SPG	B	-0.01%
KR	C	-0.01%
DE	B	-0.01%
GD	B	-0.01%
BWA	D	-0.01%
STT	A	-0.01%
WM	D	-0.01%
WHR	D	-0.01%
PLD	C	-0.01%
LHX	C	-0.01%
CB	B	-0.01%
USB	B	-0.01%
WY	C	-0.01%
OKE	B	-0.01%
DFS	B	-0.01%
AON	B	-0.01%
KMI	B	-0.01%
ECL	B	-0.01%
DOW	D	-0.01%
D	C	-0.01%
CVX	D	-0.01%
DUK	C	-0.01%
BK	B	-0.01%
WRK	C	-0.01%
WMB	B	-0.01%
KO	C	-0.01%
BSX	B	-0.01%
BRX	B	-0.01%
SCHW	D	-0.01%
LEN	B	-0.01%
MCD	B	-0.01%
JNJ	C	-0.01%
EQH	C	-0.01%
CAG	C	-0.01%
AFL	C	-0.01%
LOW	B	-0.01%
PNC	B	-0.01%
COP	D	-0.01%
UNH	C	-0.01%
XOM	C	-0.01%
NEE	C	-0.01%
LUV	C	-0.01%
IBM	B	-0.01%
WMT	C	-0.01%
MS	D	-0.01%
WFC	D	-0.01%
RTX	C	-0.01%
HSBC	B	-0.01%
PCG	C	-0.01%
JPM	D	-0.01%
BAC	D	-0.01%