SMLF vs. ONEQ ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$66.13

Average Daily Volume

76,961

Number of Holdings ^*

815

* may have additional holdings in another (foreign) market

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

$71.48

Average Daily Volume

288,989

Number of Holdings ^*

848

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	ONEQ
30 Days	4.99%	6.25%
60 Days	10.44%	12.06%
90 Days	9.91%	-1.05%
12 Months	33.05%	38.14%

270 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in ONEQ	Overlap
ACAD	F	0.11%	0.01%	0.01%
ACHC	F	0.07%	0.02%	0.02%
ACLS	F	0.17%	0.01%	0.01%
ACLX	C	0.15%	0.02%	0.02%
ADMA	A	0.06%	0.02%	0.02%
AEIS	B	0.01%	0.02%	0.01%
AFRM	C	0.05%	0.04%	0.04%
AGNC	B	0.19%	0.02%	0.02%
AGYS	D	0.04%	0.01%	0.01%
AKRO	D	0.02%	0.01%	0.01%
ALGM	F	0.01%	0.02%	0.01%
ALHC	C	0.02%	0.01%	0.01%
ALKS	B	0.3%	0.02%	0.02%
ALRM	F	0.03%	0.01%	0.01%
AMPH	C	0.08%	0.01%	0.01%
AMRX	B	0.06%	0.01%	0.01%
ANAB	D	0.07%	0.01%	0.01%
APA	F	0.25%	0.03%	0.03%
APLS	F	0.06%	0.01%	0.01%
APOG	B	0.1%	0.01%	0.01%
APP	A	0.7%	0.13%	0.13%
APPF	C	0.07%	0.02%	0.02%
ARCB	F	0.03%	0.01%	0.01%
ARWR	F	0.03%	0.01%	0.01%
ASO	D	0.08%	0.02%	0.02%
ATRC	C	0.03%	0.01%	0.01%
AVAV	B	0.05%	0.02%	0.02%
AXON	A	0.45%	0.1%	0.1%
AXSM	D	0.22%	0.02%	0.02%
AY	C	0.15%	0.01%	0.01%
BANF	D	0.12%	0.01%	0.01%
BASE	F	0.1%	0.01%	0.01%
BBIO	F	0.03%	0.02%	0.02%
BCPC	C	0.05%	0.02%	0.02%
BCRX	D	0.12%	0.01%	0.01%
BEAM	F	0.05%	0.01%	0.01%
BECN	D	0.09%	0.02%	0.02%
BL	D	0.14%	0.01%	0.01%
BLKB	C	0.13%	0.02%	0.02%
BLMN	F	0.07%	0.01%	0.01%
BPMC	F	0.13%	0.02%	0.02%
BPOP	D	0.57%	0.02%	0.02%
BRKR	D	0.19%	0.03%	0.03%
BRZE	F	0.13%	0.01%	0.01%
BSY	D	0.14%	0.05%	0.05%
CACC	F	0.09%	0.02%	0.02%
CAKE	A	0.01%	0.01%	0.01%
CAR	D	0.08%	0.01%	0.01%
CARG	C	0.1%	0.01%	0.01%
CASH	C	0.0%	0.01%	0.0%
CASY	D	0.06%	0.05%	0.05%
CBSH	D	0.21%	0.03%	0.03%
CELH	F	0.05%	0.03%	0.03%
CENTA	F	0.06%	0.01%	0.01%
CHCO	D	0.0%	0.01%	0.0%
CHDN	C	0.09%	0.03%	0.03%
CHK	C	0.26%	0.04%	0.04%
CHRD	F	0.03%	0.03%	0.03%
CHX	C	0.12%	0.02%	0.02%
CMPR	F	0.11%	0.01%	0.01%
CNDT	B	0.02%	0.01%	0.01%
COKE	C	0.25%	0.04%	0.04%
COOP	B	0.4%	0.02%	0.02%
CORT	B	0.25%	0.02%	0.02%
CPRX	C	0.22%	0.01%	0.01%
CRAI	B	0.01%	0.01%	0.01%
CRDO	B	0.08%	0.02%	0.02%
CROX	C	0.29%	0.03%	0.03%
CRSP	F	0.02%	0.01%	0.01%
CRUS	D	0.14%	0.02%	0.02%
CSWI	A	0.08%	0.02%	0.02%
CVBF	B	0.0%	0.01%	0.0%
CVCO	C	0.16%	0.02%	0.02%
CVLT	B	0.07%	0.02%	0.02%
CYTK	D	0.11%	0.02%	0.02%
DAWN	D	0.04%	0.01%	0.01%
DNLI	C	0.22%	0.02%	0.02%
DUOL	B	0.4%	0.04%	0.04%
DVAX	F	0.08%	0.01%	0.01%
DYN	D	0.02%	0.01%	0.01%
EEFT	F	0.09%	0.02%	0.02%
EMBC	F	0.03%	0.01%	0.01%
ENSG	D	0.14%	0.02%	0.02%
ENTG	D	0.27%	0.06%	0.06%
ETSY	F	0.23%	0.02%	0.02%
EWBC	B	0.32%	0.04%	0.04%
EXEL	B	0.19%	0.03%	0.03%
EXLS	B	0.2%	0.02%	0.02%
EXPI	C	0.11%	0.01%	0.01%
EXPO	A	0.11%	0.02%	0.02%
EXTR	D	0.17%	0.01%	0.01%
FCNCA	D	0.25%	0.08%	0.08%
FFIN	D	0.04%	0.02%	0.02%
FHB	D	0.07%	0.01%	0.01%
FIVN	F	0.06%	0.01%	0.01%
FLEX	B	0.29%	0.05%	0.05%
FLNC	C	0.08%	0.01%	0.01%
FLYW	F	0.03%	0.01%	0.01%
FOLD	F	0.05%	0.01%	0.01%
FROG	F	0.18%	0.01%	0.01%
FULT	D	0.0%	0.01%	0.0%
FYBR	C	0.14%	0.03%	0.03%
GH	F	0.15%	0.01%	0.01%
GIII	C	0.03%	0.01%	0.01%
GLPI	C	0.2%	0.04%	0.04%
GTLB	D	0.34%	0.02%	0.02%
HAIN	C	0.02%	0.01%	0.01%
HALO	D	0.27%	0.02%	0.02%
HAS	A	0.23%	0.04%	0.04%
HEES	D	0.07%	0.01%	0.01%
HQY	B	0.01%	0.02%	0.01%
HTZ	F	0.01%	0.01%	0.01%
HURN	D	0.24%	0.01%	0.01%
HWC	D	0.07%	0.02%	0.02%
HWKN	B	0.06%	0.01%	0.01%
IBKR	A	0.37%	0.05%	0.05%
IBOC	D	0.09%	0.02%	0.02%
ICFI	C	0.11%	0.01%	0.01%
IDCC	A	0.07%	0.01%	0.01%
IESC	A	0.02%	0.02%	0.02%
IMKTA	F	0.26%	0.01%	0.01%
INSM	D	0.11%	0.04%	0.04%
INTA	C	0.23%	0.02%	0.02%
INVA	B	0.1%	0.01%	0.01%
IONS	F	0.16%	0.02%	0.02%
IOSP	F	0.04%	0.01%	0.01%
IPAR	D	0.13%	0.02%	0.02%
IRTC	F	0.05%	0.01%	0.01%
ITCI	D	0.05%	0.03%	0.03%
ITRI	C	0.05%	0.02%	0.02%
JACK	F	0.09%	0.01%	0.01%
JAMF	F	0.01%	0.01%	0.01%
JANX	C	0.02%	0.01%	0.01%
JBSS	F	0.21%	0.01%	0.01%
KALU	D	0.01%	0.01%	0.01%
KLIC	D	0.11%	0.01%	0.01%
LAMR	C	0.36%	0.04%	0.04%
LANC	F	0.02%	0.02%	0.02%
LBRDA	C	0.37%	0.01%	0.01%
LECO	D	0.05%	0.03%	0.03%
LFUS	C	0.06%	0.02%	0.02%
LGND	C	0.08%	0.01%	0.01%
LIVN	C	0.21%	0.01%	0.01%
LMAT	A	0.02%	0.01%	0.01%
LNTH	C	0.24%	0.02%	0.02%
LNW	F	0.18%	0.03%	0.03%
LSCC	D	0.25%	0.03%	0.03%
LSTR	F	0.1%	0.02%	0.02%
LYFT	D	0.08%	0.02%	0.02%
MANH	A	0.53%	0.06%	0.06%
MASI	B	0.07%	0.03%	0.03%
MAT	B	0.12%	0.03%	0.03%
MDGL	F	0.08%	0.02%	0.02%
MEDP	F	0.4%	0.03%	0.03%
MGNI	D	0.03%	0.01%	0.01%
MIDD	D	0.09%	0.03%	0.03%
MKSI	F	0.08%	0.03%	0.03%
MMSI	C	0.14%	0.02%	0.02%
MMYT	B	0.16%	0.02%	0.02%
MSTR	B	0.41%	0.1%	0.1%
MTSI	B	0.08%	0.03%	0.03%
NARI	F	0.06%	0.01%	0.01%
NAVI	D	0.2%	0.01%	0.01%
NBTB	D	0.0%	0.01%	0.0%
NDSN	C	0.19%	0.05%	0.05%
NOVT	C	0.15%	0.02%	0.02%
NSIT	B	0.09%	0.02%	0.02%
NSSC	F	0.1%	0.01%	0.01%
NTCT	C	0.11%	0.01%	0.01%
NTNX	C	0.5%	0.05%	0.05%
NTRA	A	0.35%	0.05%	0.05%
NUVL	B	0.15%	0.02%	0.02%
NWL	D	0.02%	0.01%	0.01%
NXST	D	0.08%	0.02%	0.02%
ODP	F	0.14%	0.01%	0.01%
OLED	B	0.05%	0.03%	0.03%
OLPX	C	0.02%	0.01%	0.01%
OPCH	F	0.11%	0.02%	0.02%
OSIS	C	0.02%	0.01%	0.01%
OTTR	F	0.07%	0.01%	0.01%
OZK	D	0.07%	0.01%	0.01%
PARA	F	0.11%	0.03%	0.03%
PCH	C	0.01%	0.02%	0.01%
PCTY	C	0.12%	0.03%	0.03%
PCVX	C	0.11%	0.04%	0.04%
PDCO	F	0.03%	0.01%	0.01%
PEGA	B	0.07%	0.02%	0.02%
PFBC	D	0.0%	0.01%	0.0%
PI	A	0.17%	0.02%	0.02%
PLUS	B	0.09%	0.01%	0.01%
PNFP	B	0.08%	0.02%	0.02%
POWI	F	0.01%	0.01%	0.01%
POWL	B	0.29%	0.01%	0.01%
PRDO	D	0.0%	0.01%	0.0%
PRGS	A	0.18%	0.01%	0.01%
PTCT	C	0.02%	0.01%	0.01%
PTEN	F	0.11%	0.02%	0.02%
PYCR	D	0.01%	0.01%	0.01%
QLYS	F	0.12%	0.02%	0.02%
QXO	F	0.03%	0.02%	0.02%
RDFN	C	0.04%	0.01%	0.01%
RGEN	F	0.08%	0.03%	0.03%
RGLD	C	0.14%	0.04%	0.04%
RMBS	F	0.2%	0.02%	0.02%
ROIV	D	0.01%	0.03%	0.01%
ROKU	C	0.04%	0.03%	0.03%
RPD	D	0.03%	0.01%	0.01%
RUSHA	D	0.05%	0.02%	0.02%
RVMD	B	0.03%	0.03%	0.03%
SAIA	D	0.1%	0.04%	0.04%
SANM	D	0.2%	0.02%	0.02%
SATS	C	0.16%	0.01%	0.01%
SFM	A	0.48%	0.04%	0.04%
SLAB	D	0.04%	0.02%	0.02%
SLM	B	0.16%	0.02%	0.02%
SMTC	C	0.05%	0.01%	0.01%
SNDX	F	0.03%	0.01%	0.01%
SNEX	B	0.07%	0.01%	0.01%
SOFI	C	0.04%	0.03%	0.03%
SPRY	C	0.04%	0.01%	0.01%
SPSC	D	0.13%	0.03%	0.03%
SPT	F	0.15%	0.01%	0.01%
SRPT	F	0.23%	0.04%	0.04%
STRL	B	0.24%	0.02%	0.02%
SUPN	D	0.02%	0.01%	0.01%
SVC	D	0.04%	0.01%	0.01%
SWTX	F	0.01%	0.01%	0.01%
SYNA	F	0.11%	0.01%	0.01%
TARS	C	0.04%	0.01%	0.01%
TBBK	A	0.0%	0.01%	0.0%
TCBI	B	0.03%	0.01%	0.01%
TENB	D	0.08%	0.02%	0.02%
TGTX	D	0.02%	0.01%	0.01%
TLRY	F	0.03%	0.01%	0.01%
TPG	A	0.19%	0.02%	0.02%
TRMK	D	0.0%	0.01%	0.0%
TTEK	A	0.34%	0.05%	0.05%
TTGT	F	0.01%	0.01%	0.01%
TXRH	A	0.07%	0.04%	0.04%
UDMY	F	0.03%	0.01%	0.01%
UFPI	C	0.24%	0.03%	0.03%
UMBF	C	0.12%	0.02%	0.02%
UNIT	B	0.07%	0.01%	0.01%
UPBD	F	0.1%	0.01%	0.01%
UTHR	C	0.37%	0.05%	0.05%
VC	F	0.08%	0.01%	0.01%
VCEL	F	0.02%	0.01%	0.01%
VCYT	C	0.17%	0.01%	0.01%
VECO	F	0.13%	0.01%	0.01%
VERA	C	0.08%	0.01%	0.01%
VIAV	C	0.02%	0.01%	0.01%
VIR	F	0.07%	0.01%	0.01%
VIRT	B	0.03%	0.01%	0.01%
VITL	C	0.04%	0.01%	0.01%
VKTX	C	0.07%	0.02%	0.02%
VMEO	C	0.1%	0.01%	0.01%
VRNS	B	0.12%	0.02%	0.02%
WAFD	D	0.12%	0.01%	0.01%
WBA	F	0.06%	0.03%	0.03%
WEN	B	0.12%	0.01%	0.01%
WFRD	F	0.37%	0.02%	0.02%
WING	C	0.47%	0.04%	0.04%
WOOF	B	0.02%	0.01%	0.01%
WSC	D	0.1%	0.02%	0.02%
WTFC	B	0.02%	0.03%	0.02%
WYNN	B	0.07%	0.03%	0.03%
XNCR	D	0.13%	0.01%	0.01%
XRAY	D	0.31%	0.02%	0.02%
XRX	D	0.23%	0.01%	0.01%
ZION	D	0.2%	0.02%	0.02%

SMLF Overweight 545 Positions Relative to ONEQ

Symbol	Grade	Weight
EME	B	0.84%
EVR	C	0.72%
DECK	B	0.68%
JBL	C	0.55%
WSM	C	0.52%
NVT	C	0.5%
RS	D	0.48%
ALSN	A	0.48%
SLG	C	0.46%
HRB	C	0.45%
IDA	D	0.43%
CSL	A	0.42%
DKS	D	0.42%
MLI	B	0.41%
LPX	C	0.41%
FIX	A	0.41%
ORI	A	0.41%
CNM	F	0.41%
IOT	C	0.4%
VNO	B	0.4%
AM	A	0.39%
COCO	C	0.39%
PCOR	D	0.38%
BRX	C	0.37%
FR	D	0.35%
CR	A	0.34%
CHE	D	0.34%
CVNA	A	0.34%
JEF	A	0.34%
VGR	B	0.33%
SOLV	C	0.33%
THC	D	0.33%
CAVA	B	0.32%
ANF	D	0.32%
ITT	C	0.32%
AYI	A	0.31%
WSO	C	0.31%
MAC	B	0.31%
WK	D	0.31%
GGG	C	0.31%
SN	A	0.3%
PIPR	A	0.3%
DDS	D	0.3%
PSTG	F	0.3%
SPXC	A	0.3%
MOD	B	0.29%
OFG	D	0.29%
YOU	C	0.29%
SIG	C	0.28%
GPK	D	0.28%
SMAR	A	0.27%
JHG	A	0.27%
AN	D	0.27%
TPR	B	0.26%
PRI	A	0.26%
R	C	0.26%
HSII	D	0.26%
AMH	D	0.26%
LBTYA	C	0.26%
TPX	C	0.25%
BLD	D	0.25%
TREX	D	0.24%
AGO	B	0.24%
SMG	C	0.23%
BCC	C	0.23%
AMG	B	0.23%
RNR	A	0.23%
GAP	F	0.23%
JOE	D	0.23%
W	C	0.23%
SKT	A	0.23%
ESTC	F	0.23%
ARW	C	0.22%
AZPN	A	0.22%
BBWI	F	0.22%
AGCO	D	0.22%
OVV	D	0.22%
ONTO	B	0.21%
RPM	A	0.21%
AR	C	0.21%
FBP	B	0.21%
CFR	B	0.21%
GPI	C	0.21%
CW	A	0.21%
ATKR	F	0.2%
HIW	C	0.2%
TKR	B	0.2%
RRX	B	0.2%
MUR	F	0.2%
HAE	F	0.19%
GES	F	0.19%
RRC	D	0.19%
HOG	D	0.19%
MATX	C	0.19%
ELF	F	0.19%
AVNT	C	0.19%
M	D	0.19%
ACM	A	0.19%
TEX	F	0.19%
TDOC	D	0.18%
CWEN	C	0.18%
WS	D	0.18%
KFRC	F	0.18%
BRC	C	0.18%
KNSL	B	0.18%
PRG	C	0.18%
LUMN	C	0.18%
PDM	C	0.18%
DCI	B	0.18%
ALLE	A	0.17%
AIZ	B	0.17%
VOYA	A	0.17%
ATI	C	0.17%
RNG	F	0.17%
OC	C	0.17%
PGRE	D	0.17%
PVH	D	0.17%
USFD	C	0.17%
TOL	C	0.17%
FAF	C	0.17%
WCC	D	0.17%
KRG	C	0.17%
TTC	F	0.16%
BJ	B	0.16%
TOST	B	0.16%
SKY	C	0.16%
IGT	F	0.16%
ESAB	C	0.16%
HLI	A	0.16%
PRKS	C	0.16%
SSD	B	0.16%
SPB	C	0.16%
RHI	D	0.16%
TPH	C	0.16%
SQSP	A	0.16%
BMI	A	0.16%
DTM	A	0.16%
AMR	F	0.15%
WTM	C	0.15%
NJR	C	0.15%
OMF	D	0.15%
TNL	B	0.15%
RL	B	0.15%
SF	A	0.15%
ABG	D	0.15%
CNO	B	0.15%
ONON	A	0.15%
KIM	C	0.15%
IVT	B	0.15%
ESI	C	0.15%
TNET	D	0.14%
CMC	D	0.14%
OGS	C	0.14%
NSP	F	0.14%
SCI	D	0.14%
GME	D	0.14%
UA	B	0.14%
LRN	D	0.14%
INSP	C	0.14%
SBGI	A	0.14%
SRCE	D	0.14%
OGE	C	0.13%
HOV	D	0.13%
YEXT	B	0.13%
KRC	C	0.13%
VSTO	B	0.13%
NOV	F	0.13%
GNRC	B	0.13%
WTS	C	0.13%
NYT	C	0.13%
CUBE	C	0.13%
RYAN	A	0.13%
GOLF	F	0.13%
SSTK	F	0.13%
FTAI	A	0.13%
DOCS	A	0.13%
HUN	B	0.13%
CBT	B	0.13%
MFA	C	0.13%
KBR	A	0.13%
THO	C	0.13%
NFG	A	0.13%
GATX	F	0.13%
XPO	F	0.13%
WMS	D	0.13%
VMI	B	0.13%
AA	B	0.13%
GFF	C	0.12%
OLN	D	0.12%
BKE	B	0.12%
BWXT	A	0.12%
ALX	D	0.12%
SFBS	B	0.12%
KAI	C	0.12%
NNN	C	0.12%
LILA	B	0.12%
AWR	B	0.12%
ACCO	C	0.12%
DFIN	B	0.12%
SR	D	0.12%
VSH	F	0.11%
SON	D	0.11%
PNM	B	0.11%
AIT	B	0.11%
WH	C	0.11%
AROC	B	0.11%
BAND	C	0.11%
UGI	C	0.11%
BERY	C	0.11%
COUR	F	0.11%
OSCR	C	0.11%
WEX	C	0.11%
HTH	F	0.11%
MTRN	F	0.1%
AAN	B	0.1%
TMHC	C	0.1%
KSS	D	0.1%
OHI	C	0.1%
FHI	A	0.1%
BC	C	0.1%
MTG	A	0.1%
NYCB	D	0.1%
WAL	C	0.1%
KW	C	0.1%
MATV	F	0.1%
IVZ	A	0.1%
SWN	D	0.1%
X	F	0.1%
LAZ	C	0.1%
EGP	D	0.1%
OII	D	0.1%
RDDT	B	0.1%
LOVE	C	0.1%
APG	F	0.09%
BDC	A	0.09%
MPW	C	0.09%
LBTYK	C	0.09%
HASI	B	0.09%
YETI	C	0.09%
ALIT	D	0.09%
DNOW	F	0.09%
HP	D	0.09%
CXT	F	0.09%
CRC	B	0.09%
SITC	D	0.09%
CAL	F	0.09%
ACA	C	0.09%
CRS	B	0.09%
MTN	D	0.09%
HIMS	C	0.09%
MCB	B	0.09%
AGM	D	0.09%
HI	F	0.08%
LZ	D	0.08%
FLR	B	0.08%
GMS	B	0.08%
LXP	D	0.08%
WNC	F	0.08%
CARS	F	0.08%
BCO	C	0.08%
PD	F	0.08%
PBH	D	0.08%
ILPT	D	0.08%
ATEN	B	0.08%
PLNT	B	0.08%
ASB	D	0.08%
PHIN	D	0.08%
BOX	C	0.08%
SCS	D	0.08%
KN	B	0.08%
CUBI	F	0.08%
CUZ	C	0.08%
VFC	A	0.08%
TGNA	B	0.08%
ELAN	D	0.08%
ASH	F	0.08%
WOR	F	0.08%
MRC	D	0.08%
ALV	F	0.08%
ADEA	B	0.07%
CLH	B	0.07%
CEIX	B	0.07%
OXM	F	0.07%
TNC	F	0.07%
GCO	D	0.07%
AZEK	D	0.07%
UVV	D	0.07%
EIG	A	0.07%
WLY	A	0.07%
SANA	F	0.07%
SM	D	0.07%
FLO	D	0.07%
ANGI	D	0.07%
HE	F	0.07%
EQC	D	0.07%
HOUS	D	0.07%
GKOS	B	0.07%
DH	F	0.07%
DLX	F	0.07%
RIG	F	0.07%
RYN	C	0.07%
CXW	F	0.07%
AIV	D	0.07%
KNF	B	0.07%
CNMD	F	0.07%
SFL	D	0.07%
NTB	D	0.07%
MED	F	0.07%
COTY	F	0.07%
POR	D	0.07%
PK	D	0.06%
GPMT	D	0.06%
TRN	C	0.06%
MERC	D	0.06%
FN	B	0.06%
NVST	D	0.06%
YELP	D	0.06%
AGX	A	0.06%
PEN	D	0.06%
HCC	C	0.06%
VAC	D	0.06%
NXT	F	0.06%
OMI	F	0.06%
AMLX	D	0.06%
MDU	C	0.06%
AMN	F	0.06%
GEO	D	0.06%
AEO	C	0.06%
NBR	D	0.06%
LADR	D	0.06%
DOMO	F	0.06%
CC	D	0.06%
AMPL	D	0.06%
EPAC	A	0.06%
STWD	C	0.06%
AVDX	F	0.05%
ITGR	B	0.05%
PFSI	C	0.05%
RCUS	D	0.05%
MAN	D	0.05%
BKD	F	0.05%
ASAN	F	0.05%
VNT	F	0.05%
ACI	F	0.05%
EHC	C	0.05%
AMBC	F	0.05%
CTBI	B	0.05%
CERS	F	0.05%
NHI	C	0.05%
RKT	D	0.05%
CNX	A	0.05%
WTTR	B	0.05%
BRBR	A	0.05%
LPG	F	0.05%
S	C	0.05%
ZIP	D	0.05%
MCY	B	0.05%
KOS	F	0.05%
MMS	C	0.05%
EYPT	F	0.05%
PATH	D	0.05%
WGO	D	0.05%
FUN	F	0.05%
IBP	C	0.05%
THR	F	0.05%
SITE	D	0.05%
PZZA	D	0.05%
KD	D	0.05%
MDXG	F	0.04%
CLVT	D	0.04%
OI	D	0.04%
FHN	D	0.04%
ACCD	F	0.04%
OPI	F	0.04%
QDEL	D	0.04%
DIN	D	0.04%
TILE	C	0.04%
TDS	C	0.04%
CGEM	F	0.04%
SAH	D	0.04%
ARRY	F	0.04%
CFFN	D	0.04%
SNV	D	0.04%
PRGO	F	0.04%
OUT	C	0.04%
IVR	C	0.04%
AGS	A	0.04%
HSTM	B	0.04%
HELE	D	0.04%
NATL	D	0.04%
SNBR	C	0.04%
EVH	D	0.04%
WBS	D	0.04%
AVXL	D	0.04%
NRC	F	0.04%
HLF	F	0.04%
KREF	C	0.04%
STAG	D	0.04%
FCN	C	0.04%
KLG	F	0.04%
ENS	B	0.04%
CVI	D	0.04%
SONO	F	0.04%
WD	C	0.03%
QRTEA	D	0.03%
RYI	D	0.03%
MOG.A	C	0.03%
TSE	C	0.03%
DAN	D	0.03%
CIEN	A	0.03%
VNDA	F	0.03%
OFIX	D	0.03%
NX	F	0.03%
DNB	D	0.03%
ARCH	D	0.03%
ADT	D	0.03%
OPEN	F	0.03%
BILL	D	0.03%
EVTC	D	0.03%
LTH	B	0.03%
RGNX	F	0.03%
REVG	D	0.03%
SGH	D	0.03%
TWO	D	0.03%
JELD	D	0.03%
SWIM	B	0.03%
BRSP	D	0.03%
CHWY	C	0.03%
TPB	C	0.03%
DBI	F	0.03%
XHR	A	0.03%
HNI	B	0.03%
RLI	A	0.03%
IDT	C	0.03%
CORZ	C	0.03%
FL	F	0.03%
CNS	C	0.03%
CALX	C	0.03%
CDP	A	0.03%
UVE	C	0.03%
PRO	F	0.02%
ERAS	D	0.02%
OSUR	F	0.02%
NTLA	F	0.02%
SHO	B	0.02%
MSM	D	0.02%
RAMP	F	0.02%
KVYO	B	0.02%
KRNY	C	0.02%
BMBL	F	0.02%
SLVM	C	0.02%
CACI	A	0.02%
HMST	B	0.02%
KFY	C	0.02%
PII	D	0.02%
VSTS	D	0.02%
BRY	F	0.02%
MTW	F	0.02%
EDR	A	0.02%
GPRO	F	0.02%
MSA	F	0.02%
EVRI	A	0.02%
PR	D	0.02%
ARCT	D	0.02%
NUS	F	0.02%
IRWD	F	0.02%
RLJ	D	0.02%
DOCN	B	0.02%
FSS	D	0.02%
EPR	C	0.02%
DY	C	0.02%
PBF	F	0.02%
GMED	B	0.02%
AXTA	C	0.02%
SAFE	C	0.02%
USNA	F	0.02%
AMCX	F	0.02%
CWK	D	0.01%
SFIX	F	0.01%
RBRK	D	0.01%
JOBY	C	0.01%
ZUO	F	0.01%
DINO	F	0.01%
MITK	F	0.01%
VAL	F	0.01%
PGEN	F	0.01%
AIN	F	0.01%
SWI	B	0.01%
ARR	D	0.01%
OMER	F	0.01%
BIGC	F	0.01%
GO	F	0.01%
EPC	F	0.01%
PEB	D	0.01%
FLWS	F	0.01%
OIS	D	0.01%
TDC	D	0.01%
ENVA	B	0.01%
UTL	D	0.01%
UPWK	D	0.01%
WTI	C	0.01%
BKH	C	0.01%
MBC	C	0.01%
VRE	C	0.01%
NWN	D	0.01%
TR	D	0.01%
NGVT	D	0.01%
BSIG	D	0.01%
SWX	C	0.01%
HCAT	C	0.01%
AXS	A	0.01%
ENR	B	0.01%
STGW	B	0.01%
MLAB	B	0.01%
ALAB	C	0.01%
GEF	B	0.01%
GWRE	A	0.01%
BYD	B	0.01%
UNFI	C	0.01%
XPRO	F	0.01%
NFBK	D	0.01%
MBLY	F	0.01%
RHP	B	0.01%
NEXA	B	0.01%
ASGN	D	0.01%
RXT	C	0.01%
HXL	F	0.01%
SSB	C	0.01%
HYFM	D	0.0%
BFH	D	0.0%
MC	B	0.0%
SEE	C	0.0%
EGBN	C	0.0%
GDOT	C	0.0%
HPP	F	0.0%
RDN	D	0.0%
BOH	D	0.0%
JXN	A	0.0%
UNM	A	0.0%
DEI	A	0.0%
GNW	A	0.0%
BDN	B	0.0%
CMA	C	0.0%
AX	D	0.0%
BKU	D	0.0%

SMLF Underweight 578 Positions Relative to ONEQ

Symbol	Grade	Weight
AAPL	C	-11.88%
MSFT	D	-10.8%
NVDA	B	-9.92%
AMZN	C	-6.71%
META	A	-4.35%
GOOGL	B	-3.38%
GOOG	B	-3.25%
TSLA	C	-2.85%
AVGO	B	-2.68%
COST	C	-1.34%
NFLX	A	-1.05%
AMD	C	-0.89%
TMUS	A	-0.81%
PEP	F	-0.79%
ADBE	F	-0.77%
LIN	C	-0.76%
CSCO	A	-0.73%
QCOM	D	-0.64%
TXN	C	-0.63%
AMGN	D	-0.59%
ISRG	C	-0.59%
INTU	F	-0.58%
AMAT	C	-0.56%
CMCSA	B	-0.55%
HON	C	-0.46%
BKNG	B	-0.46%
VRTX	D	-0.42%
REGN	D	-0.39%
ADP	A	-0.39%
SBUX	B	-0.38%
MU	D	-0.38%
ADI	B	-0.38%
LRCX	D	-0.36%
MELI	D	-0.36%
PANW	B	-0.36%
KLAC	B	-0.35%
GILD	A	-0.35%
INTC	D	-0.34%
PDD	B	-0.34%
MDLZ	D	-0.33%
CEG	A	-0.29%
CME	A	-0.28%
EQIX	C	-0.28%
CTAS	C	-0.27%
ASML	F	-0.27%
PYPL	A	-0.27%
SNPS	F	-0.26%
CDNS	D	-0.24%
MAR	A	-0.23%
ORLY	A	-0.23%
CRWD	D	-0.22%
CSX	D	-0.22%
MRVL	C	-0.21%
ADSK	B	-0.2%
ROP	D	-0.2%
NXPI	F	-0.2%
FTNT	A	-0.2%
ABNB	D	-0.19%
DASH	A	-0.19%
WDAY	D	-0.18%
MNST	D	-0.18%
AEP	C	-0.18%
TTD	A	-0.17%
ROST	D	-0.17%
KDP	C	-0.17%
CPRT	B	-0.17%
PAYX	B	-0.17%
PCAR	D	-0.17%
CHTR	D	-0.16%
ODFL	F	-0.15%
FAST	C	-0.15%
MPWR	B	-0.15%
ACGL	A	-0.15%
AZN	D	-0.15%
EXC	C	-0.14%
IDXX	D	-0.14%
MCHP	F	-0.14%
GEHC	C	-0.14%
NDAQ	C	-0.14%
KHC	F	-0.14%
BKR	B	-0.13%
EA	D	-0.13%
XEL	C	-0.13%
VRSK	D	-0.13%
CTSH	B	-0.13%
COIN	F	-0.12%
DDOG	B	-0.12%
CCEP	C	-0.12%
ALNY	C	-0.12%
WTW	C	-0.11%
LULU	D	-0.11%
FANG	D	-0.11%
CSGP	F	-0.11%
TSCO	A	-0.11%
ON	F	-0.11%
EBAY	A	-0.11%
BIIB	F	-0.1%
CDW	D	-0.1%
MRNA	F	-0.09%
FITB	C	-0.09%
FSLR	C	-0.09%
SBAC	C	-0.09%
TEAM	D	-0.09%
DXCM	F	-0.09%
ANSS	D	-0.09%
ERIE	A	-0.09%
TTWO	D	-0.09%
WDC	C	-0.08%
TROW	D	-0.08%
TER	C	-0.08%
STX	C	-0.08%
ICLR	F	-0.08%
NTAP	D	-0.08%
ZS	F	-0.08%
TCOM	A	-0.08%
PFG	A	-0.07%
HBAN	B	-0.07%
MDB	D	-0.07%
STLD	C	-0.07%
PTC	B	-0.07%
CINF	A	-0.07%
WBD	F	-0.07%
CHKP	A	-0.07%
JD	A	-0.07%
GFS	F	-0.07%
ILMN	B	-0.07%
BIDU	C	-0.06%
GEN	A	-0.06%
JBHT	D	-0.06%
PODD	C	-0.06%
SSNC	C	-0.06%
ULTA	D	-0.06%
ARM	C	-0.06%
HOLX	D	-0.06%
EXPE	B	-0.06%
SNY	C	-0.06%
ZM	B	-0.06%
VRSN	C	-0.06%
NTRS	B	-0.06%
HOOD	B	-0.06%
ARGX	C	-0.06%
LPLA	D	-0.06%
UAL	A	-0.06%
DKNG	C	-0.06%
ALGN	D	-0.06%
ZBRA	B	-0.06%
INCY	B	-0.05%
MNDY	B	-0.05%
BMRN	F	-0.05%
VTRS	D	-0.05%
LOGI	D	-0.05%
POOL	D	-0.05%
SMMT	D	-0.05%
MORN	B	-0.05%
SWKS	F	-0.05%
CPB	D	-0.05%
TRMB	B	-0.05%
GRAB	C	-0.05%
LNT	B	-0.05%
DLTR	F	-0.05%
AKAM	D	-0.05%
CG	B	-0.05%
TW	A	-0.05%
ENPH	F	-0.05%
MKTX	B	-0.04%
QRVO	F	-0.04%
NWSA	D	-0.04%
MTCH	B	-0.04%
LBRDK	C	-0.04%
RIVN	F	-0.04%
HST	D	-0.04%
BGNE	A	-0.04%
Z	C	-0.04%
FFIV	B	-0.04%
FUTU	A	-0.04%
NBIX	F	-0.04%
PAA	B	-0.04%
DOCU	A	-0.04%
CYBR	C	-0.04%
JKHY	A	-0.04%
CHRW	C	-0.04%
OKTA	F	-0.04%
PPC	C	-0.04%
BNTX	B	-0.04%
RPRX	D	-0.04%
NTES	B	-0.04%
TECH	D	-0.04%
REG	C	-0.04%
EXAS	C	-0.04%
EVRG	C	-0.04%
GLBE	C	-0.03%
HLNE	A	-0.03%
XP	F	-0.03%
FOX	B	-0.03%
HSIC	D	-0.03%
NICE	D	-0.03%
CZR	B	-0.03%
ASND	C	-0.03%
LCID	F	-0.03%
SAIC	A	-0.03%
AAON	A	-0.03%
WIX	D	-0.03%
FOXA	B	-0.03%
OTEX	D	-0.03%
DOX	B	-0.03%
SEIC	B	-0.03%
LKQ	F	-0.03%
WWD	C	-0.03%
NCNO	F	-0.02%
JJSF	C	-0.02%
LOPE	D	-0.02%
CCOI	B	-0.02%
IRDM	C	-0.02%
IAC	C	-0.02%
CALM	A	-0.02%
TFSL	D	-0.02%
NMIH	B	-0.02%
MARA	F	-0.02%
VOD	D	-0.02%
RUN	D	-0.02%
VCTR	A	-0.02%
IMVT	D	-0.02%
QFIN	A	-0.02%
CFLT	F	-0.02%
CRNX	C	-0.02%
PLXS	A	-0.02%
RNA	B	-0.02%
PRCT	D	-0.02%
BGC	B	-0.02%
ONB	D	-0.02%
LITE	A	-0.02%
KTOS	B	-0.02%
TMDX	D	-0.02%
LEGN	F	-0.02%
COLM	B	-0.02%
VLY	C	-0.02%
WMG	D	-0.02%
FIZZ	F	-0.02%
STEP	A	-0.02%
HCP	A	-0.02%
SITM	A	-0.02%
SRCL	B	-0.02%
KRYS	D	-0.02%
PECO	C	-0.02%
AUR	C	-0.02%
SBRA	C	-0.02%
FIVE	D	-0.02%
SGRY	C	-0.02%
GLNG	A	-0.02%
ALTR	B	-0.02%
VRRM	D	-0.02%
RARE	D	-0.02%
ICUI	B	-0.02%
DBX	C	-0.02%
UBSI	D	-0.02%
TIGO	C	-0.02%
RDNT	C	-0.02%
BZ	C	-0.02%
FELE	C	-0.02%
CWST	D	-0.02%
CHCI	B	-0.02%
RKLB	B	-0.02%
GNTX	D	-0.02%
SHC	C	-0.02%
ACIW	A	-0.02%
LI	C	-0.02%
SIGI	D	-0.02%
COLB	C	-0.02%
JAZZ	F	-0.02%
AAL	D	-0.02%
FRPT	A	-0.02%
CRVL	C	-0.02%
RCM	B	-0.02%
CGNX	F	-0.02%
BOKF	B	-0.02%
OLLI	C	-0.02%
ACT	B	-0.02%
IEP	F	-0.02%
HTHT	B	-0.02%
FRHC	A	-0.02%
AMKR	F	-0.02%
REYN	D	-0.02%
AMWD	C	-0.01%
OABI	F	-0.01%
IMNM	F	-0.01%
SRCL	B	-0.01%
GDEN	D	-0.01%
SCHL	F	-0.01%
BCBP	B	-0.01%
SOUN	F	-0.01%
ISTR	C	-0.01%
FFIC	C	-0.01%
CVAC	F	-0.01%
ESTA	D	-0.01%
WASH	C	-0.01%
SVRA	F	-0.01%
RIOT	F	-0.01%
LQDA	F	-0.01%
PLYA	D	-0.01%
NEXT	F	-0.01%
TRDA	B	-0.01%
PHAT	C	-0.01%
CNSL	A	-0.01%
TH	F	-0.01%
MATW	F	-0.01%
BCYC	D	-0.01%
IRON	C	-0.01%
SAVA	D	-0.01%
EYE	F	-0.01%
TRS	D	-0.01%
GMAB	F	-0.01%
PLAY	D	-0.01%
NNBR	C	-0.01%
ASTL	C	-0.01%
NNDM	C	-0.01%
SDGR	F	-0.01%
CNTA	B	-0.01%
KELYA	D	-0.01%
FLGT	F	-0.01%
FWRG	F	-0.01%
PFC	D	-0.01%
BVS	B	-0.01%
MNTK	D	-0.01%
OPK	D	-0.01%
IREN	C	-0.01%
AVAH	D	-0.01%
RLAY	F	-0.01%
COMM	C	-0.01%
ICHR	D	-0.01%
CEVA	B	-0.01%
PGNY	F	-0.01%
CIFR	C	-0.01%
IBUY	A	-0.01%
TVTX	A	-0.01%
CBRL	D	-0.01%
KRNT	A	-0.01%
TREE	C	-0.01%
MRVI	F	-0.01%
DLO	D	-0.01%
GSM	D	-0.01%
VRNT	F	-0.01%
MOMO	B	-0.01%
ATSG	D	-0.01%
COHU	F	-0.01%
HBNC	D	-0.01%
INMD	F	-0.01%
PCT	C	-0.01%
IMCR	F	-0.01%
VSEC	D	-0.01%
CMCO	D	-0.01%
THRM	F	-0.01%
WULF	C	-0.01%
HTLD	F	-0.01%
IMTX	F	-0.01%
AVO	C	-0.01%
WABC	F	-0.01%
CLOV	B	-0.01%
NVEE	F	-0.01%
TRNS	D	-0.01%
BLBD	D	-0.01%
PDFS	F	-0.01%
COLL	A	-0.01%
FWRD	D	-0.01%
TYRA	C	-0.01%
LBPH	D	-0.01%
DHC	C	-0.01%
COGT	B	-0.01%
AMED	D	-0.01%
CLSK	F	-0.01%
HROW	B	-0.01%
PEBO	F	-0.01%
CDNA	B	-0.01%
NVAX	C	-0.01%
AMSF	B	-0.01%
SABR	C	-0.01%
ANIP	F	-0.01%
RCKT	F	-0.01%
TCBK	D	-0.01%
ULCC	C	-0.01%
GDYN	B	-0.01%
QNST	C	-0.01%
IQ	D	-0.01%
ULH	B	-0.01%
ECPG	F	-0.01%
SCSC	D	-0.01%
RDWR	B	-0.01%
MRTN	F	-0.01%
NFE	F	-0.01%
MCRI	B	-0.01%
MBUU	D	-0.01%
SEDG	F	-0.01%
DGII	B	-0.01%
OCFC	C	-0.01%
SCVL	D	-0.01%
NVCR	F	-0.01%
RNW	D	-0.01%
GABC	D	-0.01%
INBK	D	-0.01%
CSGS	B	-0.01%
NEO	F	-0.01%
AUPH	C	-0.01%
SAFT	D	-0.01%
PLAB	D	-0.01%
WINA	C	-0.01%
PSNY	D	-0.01%
FTRE	F	-0.01%
AOSL	D	-0.01%
INFN	C	-0.01%
ERII	C	-0.01%
MNKD	B	-0.01%
LKFN	D	-0.01%
UCTT	D	-0.01%
MSEX	C	-0.01%
STAA	D	-0.01%
KURA	F	-0.01%
ENVX	D	-0.01%
ARDX	D	-0.01%
VRDN	B	-0.01%
MYRG	D	-0.01%
ANDE	D	-0.01%
WVE	C	-0.01%
AXNX	A	-0.01%
IAS	F	-0.01%
SASR	B	-0.01%
LILAK	D	-0.01%
NWBI	D	-0.01%
ZLAB	C	-0.01%
AHCO	D	-0.01%
TTMI	D	-0.01%
BUSE	D	-0.01%
SIMO	D	-0.01%
DCOM	B	-0.01%
CENX	C	-0.01%
WSBC	D	-0.01%
RXST	F	-0.01%
APPN	C	-0.01%
PAGP	B	-0.01%
DOOO	F	-0.01%
DNUT	F	-0.01%
HLIT	D	-0.01%
ROIC	C	-0.01%
ARVN	F	-0.01%
PRVA	F	-0.01%
SYBT	C	-0.01%
TRUP	B	-0.01%
VRNA	B	-0.01%
VBTX	C	-0.01%
CHEF	C	-0.01%
ATEX	D	-0.01%
CNXN	C	-0.01%
HOPE	B	-0.01%
EVCM	D	-0.01%
CRTO	D	-0.01%
FRME	D	-0.01%
GGAL	B	-0.01%
PLUG	D	-0.01%
MLCO	C	-0.01%
LAUR	C	-0.01%
AMRK	C	-0.01%
MLKN	F	-0.01%
PINC	F	-0.01%
TFIN	F	-0.01%
STRA	F	-0.01%
OSW	B	-0.01%
CLDX	F	-0.01%
GTX	F	-0.01%
SKWD	A	-0.01%
SBCF	D	-0.01%
PTVE	D	-0.01%
STBA	D	-0.01%
EFSC	D	-0.01%
WB	B	-0.01%
ATAT	A	-0.01%
RRR	D	-0.01%
HPK	D	-0.01%
TWST	D	-0.01%
PTGX	C	-0.01%
CLBK	F	-0.01%
WERN	D	-0.01%
AZTA	F	-0.01%
SPNS	B	-0.01%
XPEL	D	-0.01%
FFBC	D	-0.01%
BANR	B	-0.01%
MGPI	F	-0.01%
SBLK	C	-0.01%
FBNC	B	-0.01%
YY	C	-0.01%
INDB	D	-0.01%
HRMY	D	-0.01%
ROCK	D	-0.01%
ASTE	F	-0.01%
GDS	B	-0.01%
MBIN	C	-0.01%
MYGN	D	-0.01%
IDYA	F	-0.01%
KYMR	D	-0.01%
ADUS	D	-0.01%
RBCAA	C	-0.01%
LGIH	C	-0.01%
EWTX	B	-0.01%
MQ	F	-0.01%
IOVA	D	-0.01%
MIRM	D	-0.01%
NMRK	C	-0.01%
GT	F	-0.01%
TNDM	D	-0.01%
PLTK	C	-0.01%
PPBI	D	-0.01%
TXG	F	-0.01%
ZD	D	-0.01%
DIOD	F	-0.01%
AGIO	D	-0.01%
FRSH	F	-0.01%
GERN	D	-0.01%
MGRC	D	-0.01%
UFPT	D	-0.01%
GSHD	B	-0.01%
PSMT	A	-0.01%
KROS	C	-0.01%
ZG	C	-0.01%
JBLU	B	-0.01%
OMCL	C	-0.01%
PLMR	A	-0.01%
ERIC	C	-0.01%
CGON	C	-0.01%
PRFT	A	-0.01%
HTLF	B	-0.01%
TOWN	C	-0.01%
NWE	C	-0.01%
IBTX	B	-0.01%
MRCY	B	-0.01%
SKYW	B	-0.01%
UPST	C	-0.01%
DRVN	C	-0.01%
GOGL	C	-0.01%
EBC	B	-0.01%
VERX	B	-0.01%
USLM	C	-0.01%
PENN	D	-0.01%
NPAB	D	-0.01%
HUBG	D	-0.01%
BHF	D	-0.01%
MRUS	D	-0.01%
TRMD	D	-0.01%
STNE	F	-0.01%
CATY	B	-0.01%
RYTM	C	-0.01%
FIBK	C	-0.01%
PAYO	A	-0.01%
FORM	D	-0.01%
SFNC	B	-0.01%
CNXC	F	-0.01%
FTDR	B	-0.01%
WSFS	D	-0.01%
VICR	C	-0.01%
AMBA	C	-0.01%
ASTH	B	-0.01%
ESGR	C	-0.01%
ACVA	C	-0.01%
URBN	F	-0.01%
LFST	C	-0.01%
AVT	B	-0.01%
DORM	C	-0.01%
FA	A	-0.01%
NEOG	F	-0.01%
XENE	D	-0.01%
MGEE	C	-0.01%
SMPL	D	-0.01%
ROAD	C	-0.01%
WDFC	B	-0.01%
CLBT	B	-0.01%
BILI	B	-0.01%
SHOO	A	-0.01%
PATK	A	-0.01%
ARLP	A	-0.01%
ALKT	D	-0.01%
NWS	D	-0.01%