VLU vs. ONEQ ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$189.94

Average Daily Volume

6,411

Number of Holdings ^*

1418

* 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

$74.89

Average Daily Volume

234,841

Number of Holdings ^*

840

* may have additional holdings in another (foreign) market

Performance

Period	VLU	ONEQ
30 Days	1.31%	2.76%
60 Days	4.04%	5.82%
90 Days	6.78%	6.40%
12 Months	28.87%	33.84%

462 Overlapping Holdings

	Symbol	Grade	Weight in VLU	Weight in ONEQ	Overlap
	AAL	B	0.08%	0.03%	0.03%
	AAON	B	0.0%	0.03%	0.0%
	AAPL	C	2.41%	11.09%	2.41%
	ABNB	D	0.07%	0.21%	0.07%
	ACGL	D	0.11%	0.12%	0.11%
	ACHC	F	0.01%	0.01%	0.01%
	ACIW	B	0.01%	0.02%	0.01%
	ACLS	F	0.0%	0.01%	0.0%
	ADBE	D	0.16%	0.71%	0.16%
	ADI	D	0.14%	0.36%	0.14%
	ADP	B	0.09%	0.4%	0.09%
	ADSK	B	0.03%	0.21%	0.03%
	ADUS	D	0.0%	0.01%	0.0%
	AEIS	B	0.01%	0.02%	0.01%
	AEP	C	0.16%	0.16%	0.16%
	AGYS	A	0.0%	0.01%	0.0%
	AHCO	D	0.01%	0.01%	0.01%
	AKAM	F	0.03%	0.05%	0.03%
	ALGM	F	0.01%	0.02%	0.01%
	ALGN	D	0.02%	0.05%	0.02%
	ALKS	C	0.01%	0.02%	0.01%
	ALRM	C	0.0%	0.01%	0.0%
	AMAT	F	0.12%	0.51%	0.12%
	AMD	F	0.13%	0.78%	0.13%
	AMED	F	0.01%	0.01%	0.01%
	AMGN	D	0.26%	0.55%	0.26%
	AMKR	F	0.02%	0.02%	0.02%
	AMPH	F	0.0%	0.01%	0.0%
	AMSF	B	0.0%	0.01%	0.0%
	AMWD	B	0.01%	0.01%	0.01%
	AMZN	B	2.1%	7.09%	2.1%
	ANDE	F	0.01%	0.01%	0.01%
	ANSS	B	0.03%	0.1%	0.03%
	AOSL	C	0.0%	0.01%	0.0%
	APA	F	0.04%	0.03%	0.03%
	APOG	B	0.01%	0.01%	0.01%
	ARCB	C	0.01%	0.01%	0.01%
	ARWR	D	0.0%	0.01%	0.0%
	ASO	F	0.01%	0.02%	0.01%
	ASTE	C	0.0%	0.01%	0.0%
	ASTH	F	0.0%	0.01%	0.0%
	AVAV	C	0.01%	0.02%	0.01%
	AVGO	C	0.46%	2.73%	0.46%
	AVT	C	0.04%	0.01%	0.01%
	AXON	A	0.01%	0.11%	0.01%
	AZTA	F	0.0%	0.01%	0.0%
	BANF	B	0.02%	0.02%	0.02%
	BANR	B	0.02%	0.01%	0.01%
	BCPC	B	0.01%	0.02%	0.01%
	BGC	C	0.01%	0.02%	0.01%
	BHF	B	0.03%	0.01%	0.01%
	BIIB	F	0.08%	0.08%	0.08%
	BKNG	A	0.12%	0.52%	0.12%
	BKR	B	0.12%	0.14%	0.12%
	BLKB	B	0.0%	0.02%	0.0%
	BLMN	F	0.01%	0.01%	0.01%
	BRKR	F	0.01%	0.03%	0.01%
	CAKE	B	0.01%	0.01%	0.01%
	CALM	A	0.03%	0.02%	0.02%
	CAR	C	0.02%	0.01%	0.01%
	CARG	B	0.01%	0.01%	0.01%
	CASH	B	0.01%	0.01%	0.01%
	CASY	A	0.03%	0.05%	0.03%
	CATY	B	0.03%	0.02%	0.02%
	CBRL	C	0.01%	0.01%	0.01%
	CBSH	A	0.02%	0.03%	0.02%
	CCOI	B	0.01%	0.02%	0.01%
	CDNS	B	0.03%	0.26%	0.03%
	CDW	F	0.03%	0.08%	0.03%
	CEG	C	0.04%	0.24%	0.04%
	CELH	F	0.0%	0.02%	0.0%
	CENTA	C	0.01%	0.01%	0.01%
	CENX	A	0.01%	0.01%	0.01%
	CEVA	A	0.0%	0.01%	0.0%
	CG	B	0.02%	0.06%	0.02%
	CGNX	D	0.01%	0.02%	0.01%
	CHCO	B	0.01%	0.01%	0.01%
	CHDN	C	0.01%	0.03%	0.01%
	CHEF	B	0.01%	0.01%	0.01%
	CHRD	F	0.07%	0.03%	0.03%
	CHRW	B	0.06%	0.04%	0.04%
	CHTR	B	0.33%	0.18%	0.18%
	CHX	C	0.01%	0.02%	0.01%
	CINF	A	0.07%	0.07%	0.07%
	CMCSA	B	0.64%	0.54%	0.54%
	CME	A	0.1%	0.26%	0.1%
	CNSL	B	0.0%	0.01%	0.0%
	CNXC	F	0.02%	0.01%	0.01%
	CNXN	D	0.01%	0.01%	0.01%
	COHU	D	0.0%	0.01%	0.0%
	COKE	C	0.03%	0.03%	0.03%
	COLB	B	0.05%	0.02%	0.02%
	COLL	F	0.0%	0.01%	0.0%
	COLM	B	0.01%	0.02%	0.01%
	COOP	B	0.05%	0.02%	0.02%
	CORT	C	0.01%	0.02%	0.01%
	COST	A	0.28%	1.29%	0.28%
	CPB	D	0.04%	0.04%	0.04%
	CPRT	B	0.03%	0.17%	0.03%
	CPRX	C	0.0%	0.01%	0.0%
	CROX	F	0.01%	0.02%	0.01%
	CRUS	F	0.01%	0.02%	0.01%
	CRVL	A	0.0%	0.02%	0.0%
	CSCO	B	0.51%	0.75%	0.51%
	CSGP	F	0.02%	0.1%	0.02%
	CSGS	B	0.0%	0.01%	0.0%
	CSX	C	0.1%	0.21%	0.1%
	CTAS	B	0.04%	0.27%	0.04%
	CTSH	C	0.11%	0.13%	0.11%
	CVBF	B	0.02%	0.01%	0.01%
	CVCO	A	0.01%	0.02%	0.01%
	CVLT	B	0.01%	0.03%	0.01%
	CYTK	D	0.0%	0.02%	0.0%
	CZR	F	0.03%	0.03%	0.03%
	DBX	C	0.01%	0.02%	0.01%
	DCOM	A	0.01%	0.01%	0.01%
	DGII	B	0.0%	0.01%	0.0%
	DIOD	F	0.01%	0.01%	0.01%
	DLTR	F	0.04%	0.04%	0.04%
	DORM	B	0.01%	0.02%	0.01%
	DVAX	C	0.0%	0.01%	0.0%
	DXCM	C	0.01%	0.09%	0.01%
	EA	A	0.05%	0.13%	0.05%
	EBAY	D	0.08%	0.1%	0.08%
	ECPG	B	0.01%	0.01%	0.01%
	EEFT	C	0.01%	0.02%	0.01%
	EMBC	D	0.0%	0.01%	0.0%
	ENPH	F	0.01%	0.03%	0.01%
	ENSG	D	0.01%	0.02%	0.01%
	EQIX	A	0.07%	0.27%	0.07%
	ERIE	F	0.02%	0.07%	0.02%
	ETSY	D	0.01%	0.02%	0.01%
	EVRG	A	0.07%	0.04%	0.04%
	EWBC	A	0.05%	0.04%	0.04%
	EXC	C	0.19%	0.12%	0.12%
	EXEL	B	0.02%	0.04%	0.02%
	EXLS	B	0.01%	0.02%	0.01%
	EXPE	B	0.05%	0.07%	0.05%
	EXPI	C	0.01%	0.01%	0.01%
	EXPO	D	0.0%	0.02%	0.0%
	EXTR	C	0.0%	0.01%	0.0%
	EYE	C	0.0%	0.01%	0.0%
	FANG	D	0.11%	0.17%	0.11%
	FAST	B	0.04%	0.16%	0.04%
	FBNC	B	0.01%	0.01%	0.01%
	FELE	B	0.01%	0.02%	0.01%
	FFBC	B	0.02%	0.01%	0.01%
	FFIN	B	0.01%	0.02%	0.01%
	FFIV	B	0.02%	0.04%	0.02%
	FHB	B	0.02%	0.01%	0.01%
	FITB	B	0.12%	0.09%	0.09%
	FIVE	F	0.0%	0.02%	0.0%
	FIZZ	B	0.01%	0.02%	0.01%
	FLGT	F	0.0%	0.01%	0.0%
	FORM	F	0.01%	0.01%	0.01%
	FOX	A	0.05%	0.03%	0.03%
	FOXA	B	0.09%	0.03%	0.03%
	FSLR	D	0.03%	0.07%	0.03%
	FTDR	B	0.01%	0.02%	0.01%
	FTNT	B	0.04%	0.21%	0.04%
	FTRE	D	0.0%	0.01%	0.0%
	FULT	B	0.02%	0.01%	0.01%
	FWRD	D	0.01%	0.01%	0.01%
	FYBR	C	0.04%	0.03%	0.03%
	GEHC	D	0.03%	0.13%	0.03%
	GEN	B	0.05%	0.06%	0.05%
	GIII	D	0.01%	0.01%	0.01%
	GILD	B	0.38%	0.38%	0.38%
	GLPI	C	0.04%	0.04%	0.04%
	GNTX	F	0.01%	0.02%	0.01%
	GOOG	B	1.2%	3.27%	1.2%
	GOOGL	B	0.75%	3.4%	0.75%
	GT	C	0.03%	0.01%	0.01%
	HAFC	A	0.01%	0.01%	0.01%
	HAIN	D	0.01%	0.01%	0.01%
	HALO	F	0.01%	0.02%	0.01%
	HAS	D	0.03%	0.03%	0.03%
	HBAN	B	0.12%	0.08%	0.08%
	HLIT	D	0.0%	0.01%	0.0%
	HOLX	D	0.02%	0.05%	0.02%
	HON	A	0.21%	0.45%	0.21%
	HOPE	B	0.01%	0.01%	0.01%
	HQY	A	0.01%	0.03%	0.01%
	HRMY	F	0.0%	0.01%	0.0%
	HSIC	C	0.03%	0.03%	0.03%
	HST	D	0.04%	0.04%	0.04%
	HTLD	B	0.0%	0.01%	0.0%
	HTZ	C	0.0%	0.01%	0.0%
	HUBG	A	0.01%	0.01%	0.01%
	HWC	B	0.03%	0.02%	0.02%
	HWKN	B	0.01%	0.01%	0.01%
	IBKR	A	0.05%	0.06%	0.05%
	IBOC	B	0.02%	0.02%	0.02%
	IBTX	B	0.02%	0.01%	0.01%
	ICHR	C	0.0%	0.01%	0.0%
	ICUI	D	0.01%	0.02%	0.01%
	IDCC	A	0.01%	0.01%	0.01%
	IDXX	F	0.02%	0.11%	0.02%
	ILMN	C	0.03%	0.08%	0.03%
	INCY	C	0.03%	0.05%	0.03%
	INDB	B	0.01%	0.01%	0.01%
	INTC	C	0.35%	0.36%	0.35%
	INTU	B	0.06%	0.6%	0.06%
	INVA	C	0.01%	0.01%	0.01%
	IOSP	C	0.01%	0.01%	0.01%
	IPAR	C	0.0%	0.02%	0.0%
	IRDM	F	0.0%	0.01%	0.0%
	ISRG	A	0.1%	0.59%	0.1%
	ITRI	B	0.01%	0.02%	0.01%
	JACK	D	0.0%	0.01%	0.0%
	JAZZ	C	0.02%	0.02%	0.02%
	JBHT	C	0.03%	0.06%	0.03%
	JBLU	F	0.02%	0.01%	0.01%
	JJSF	C	0.01%	0.01%	0.01%
	JKHY	D	0.01%	0.04%	0.01%
	KALU	C	0.01%	0.01%	0.01%
	KDP	D	0.12%	0.14%	0.12%
	KHC	F	0.25%	0.13%	0.13%
	KLAC	F	0.05%	0.29%	0.05%
	KLIC	C	0.01%	0.01%	0.01%
	LAMR	D	0.03%	0.03%	0.03%
	LANC	D	0.01%	0.02%	0.01%
	LECO	C	0.01%	0.04%	0.01%
	LFUS	D	0.01%	0.02%	0.01%
	LGIH	F	0.01%	0.01%	0.01%
	LGND	C	0.01%	0.01%	0.01%
	LIN	D	0.19%	0.7%	0.19%
	LITE	B	0.01%	0.02%	0.01%
	LIVN	D	0.0%	0.01%	0.0%
	LKFN	B	0.0%	0.01%	0.0%
	LKQ	F	0.03%	0.03%	0.03%
	LNT	A	0.04%	0.04%	0.04%
	LNTH	F	0.01%	0.02%	0.01%
	LNW	F	0.02%	0.03%	0.02%
	LOPE	B	0.01%	0.02%	0.01%
	LRCX	F	0.08%	0.33%	0.08%
	LSCC	D	0.0%	0.03%	0.0%
	LSTR	D	0.01%	0.02%	0.01%
	LULU	C	0.03%	0.12%	0.03%
	MANH	D	0.0%	0.06%	0.0%
	MAR	B	0.09%	0.24%	0.09%
	MASI	B	0.01%	0.03%	0.01%
	MAT	D	0.01%	0.02%	0.01%
	MATW	C	0.0%	0.01%	0.0%
	MCHP	F	0.05%	0.13%	0.05%
	MCRI	A	0.01%	0.01%	0.01%
	MDLZ	F	0.18%	0.28%	0.18%
	MEDP	D	0.01%	0.03%	0.01%
	META	C	1.78%	4.14%	1.78%
	MGEE	A	0.01%	0.01%	0.01%
	MGPI	F	0.0%	0.01%	0.0%
	MIDD	D	0.02%	0.02%	0.02%
	MKSI	C	0.01%	0.03%	0.01%
	MKTX	D	0.01%	0.04%	0.01%
	MLKN	F	0.01%	0.01%	0.01%
	MMSI	A	0.01%	0.02%	0.01%
	MNST	C	0.05%	0.18%	0.05%
	MORN	B	0.01%	0.05%	0.01%
	MPWR	F	0.01%	0.12%	0.01%
	MRCY	C	0.01%	0.01%	0.01%
	MRNA	F	0.02%	0.06%	0.02%
	MRTN	C	0.0%	0.01%	0.0%
	MSEX	B	0.0%	0.01%	0.0%
	MSFT	D	1.43%	10.16%	1.43%
	MTCH	F	0.01%	0.03%	0.01%
	MTSI	B	0.01%	0.04%	0.01%
	MU	D	0.15%	0.4%	0.15%
	MYGN	F	0.0%	0.01%	0.0%
	MYRG	C	0.01%	0.01%	0.01%
	NARI	C	0.0%	0.01%	0.0%
	NAVI	F	0.01%	0.01%	0.01%
	NBIX	C	0.01%	0.04%	0.01%
	NBTB	B	0.01%	0.01%	0.01%
	NDAQ	A	0.07%	0.14%	0.07%
	NDSN	D	0.02%	0.05%	0.02%
	NEO	C	0.0%	0.01%	0.0%
	NEOG	D	0.0%	0.01%	0.0%
	NFLX	A	0.18%	1.09%	0.18%
	NMIH	D	0.01%	0.01%	0.01%
	NOVT	D	0.01%	0.02%	0.01%
	NSIT	F	0.02%	0.02%	0.02%
	NTAP	C	0.04%	0.08%	0.04%
	NTCT	C	0.0%	0.01%	0.0%
	NTRS	A	0.08%	0.07%	0.07%
	NVDA	A	0.37%	11.7%	0.37%
	NVEE	F	0.0%	0.01%	0.0%
	NWBI	B	0.02%	0.01%	0.01%
	NWE	C	0.02%	0.01%	0.01%
	NWL	B	0.03%	0.02%	0.02%
	NWS	B	0.01%	0.02%	0.01%
	NWSA	B	0.03%	0.04%	0.03%
	NXPI	F	0.07%	0.19%	0.07%
	NXST	C	0.03%	0.02%	0.02%
	ODFL	B	0.03%	0.15%	0.03%
	ODP	F	0.01%	0.01%	0.01%
	OLED	F	0.01%	0.03%	0.01%
	OLLI	D	0.01%	0.02%	0.01%
	OMCL	C	0.01%	0.01%	0.01%
	ON	F	0.05%	0.1%	0.05%
	ONB	B	0.03%	0.02%	0.02%
	OPCH	F	0.01%	0.01%	0.01%
	ORLY	B	0.08%	0.23%	0.08%
	OSIS	A	0.01%	0.01%	0.01%
	OTTR	C	0.01%	0.01%	0.01%
	OZK	B	0.04%	0.01%	0.01%
	PANW	B	0.07%	0.4%	0.07%
	PARA	D	0.06%	0.03%	0.03%
	PATK	D	0.01%	0.01%	0.01%
	PAYO	A	0.0%	0.02%	0.0%
	PAYX	B	0.06%	0.17%	0.06%
	PCAR	B	0.12%	0.19%	0.12%
	PCH	D	0.01%	0.01%	0.01%
	PCTY	B	0.01%	0.04%	0.01%
	PDCO	F	0.01%	0.01%	0.01%
	PECO	A	0.01%	0.02%	0.01%
	PENN	C	0.03%	0.01%	0.01%
	PEP	F	0.34%	0.71%	0.34%
	PFBC	B	0.01%	0.01%	0.01%
	PFG	C	0.16%	0.06%	0.06%
	PGNY	F	0.0%	0.01%	0.0%
	PINC	B	0.01%	0.01%	0.01%
	PLAB	D	0.01%	0.01%	0.01%
	PLAY	D	0.0%	0.01%	0.0%
	PLMR	A	0.0%	0.01%	0.0%
	PLUS	F	0.01%	0.01%	0.01%
	PLXS	B	0.02%	0.02%	0.02%
	PNFP	B	0.03%	0.03%	0.03%
	PODD	B	0.01%	0.06%	0.01%
	POOL	D	0.01%	0.04%	0.01%
	POWI	D	0.0%	0.01%	0.0%
	POWL	C	0.01%	0.02%	0.01%
	PPBI	B	0.01%	0.01%	0.01%
	PPC	B	0.02%	0.04%	0.02%
	PRDO	B	0.01%	0.01%	0.01%
	PRGS	B	0.0%	0.01%	0.0%
	PRVA	C	0.0%	0.01%	0.0%
	PSMT	D	0.01%	0.01%	0.01%
	PTC	B	0.02%	0.07%	0.02%
	PTEN	C	0.01%	0.01%	0.01%
	PYPL	B	0.17%	0.26%	0.17%
	QCOM	F	0.23%	0.62%	0.23%
	QLYS	C	0.0%	0.02%	0.0%
	QNST	C	0.01%	0.01%	0.01%
	QRVO	F	0.01%	0.02%	0.01%
	RCM	A	0.01%	0.02%	0.01%
	RDNT	C	0.01%	0.02%	0.01%
	REG	A	0.04%	0.04%	0.04%
	REGN	F	0.11%	0.28%	0.11%
	RGEN	F	0.01%	0.03%	0.01%
	RGLD	C	0.01%	0.04%	0.01%
	RMBS	C	0.0%	0.02%	0.0%
	ROCK	D	0.0%	0.01%	0.0%
	ROIC	A	0.01%	0.01%	0.01%
	ROIV	D	0.04%	0.03%	0.03%
	ROP	C	0.05%	0.19%	0.05%
	ROST	D	0.06%	0.15%	0.06%
	RUN	F	0.01%	0.01%	0.01%
	RUSHA	B	0.02%	0.02%	0.02%
	SABR	B	0.01%	0.01%	0.01%
	SAFT	B	0.01%	0.01%	0.01%
	SAIA	C	0.01%	0.05%	0.01%
	SAIC	F	0.02%	0.03%	0.02%
	SANM	B	0.04%	0.02%	0.02%
	SATS	C	0.03%	0.01%	0.01%
	SBAC	D	0.02%	0.08%	0.02%
	SBCF	B	0.01%	0.01%	0.01%
	SBRA	B	0.02%	0.02%	0.02%
	SBUX	A	0.14%	0.35%	0.14%
	SCSC	B	0.01%	0.01%	0.01%
	SCVL	F	0.01%	0.01%	0.01%
	SEIC	B	0.02%	0.04%	0.02%
	SFM	A	0.03%	0.05%	0.03%
	SFNC	B	0.03%	0.01%	0.01%
	SHC	D	0.01%	0.02%	0.01%
	SHOO	D	0.01%	0.01%	0.01%
	SIGI	B	0.02%	0.02%	0.02%
	SITM	B	0.0%	0.02%	0.0%
	SKYW	B	0.02%	0.02%	0.02%
	SLAB	F	0.0%	0.01%	0.0%
	SLM	B	0.02%	0.02%	0.02%
	SMCI	F	0.01%	0.05%	0.01%
	SMPL	B	0.01%	0.01%	0.01%
	SMTC	B	0.0%	0.01%	0.0%
	SNEX	B	0.02%	0.01%	0.01%
	SNPS	C	0.05%	0.28%	0.05%
	SPSC	F	0.0%	0.02%	0.0%
	STAA	F	0.0%	0.01%	0.0%
	STBA	B	0.01%	0.01%	0.01%
	STLD	B	0.08%	0.07%	0.07%
	STRA	C	0.01%	0.01%	0.01%
	STX	D	0.05%	0.07%	0.05%
	SUPN	B	0.0%	0.01%	0.0%
	SVC	F	0.0%	0.01%	0.0%
	SWKS	F	0.04%	0.04%	0.04%
	SYNA	D	0.01%	0.01%	0.01%
	TBBK	B	0.01%	0.01%	0.01%
	TCBI	B	0.02%	0.02%	0.02%
	TECH	F	0.0%	0.04%	0.0%
	TER	F	0.02%	0.06%	0.02%
	TFIN	B	0.0%	0.01%	0.0%
	THRM	F	0.0%	0.01%	0.0%
	TMUS	B	0.42%	0.85%	0.42%
	TNDM	F	0.0%	0.01%	0.0%
	TRMB	B	0.02%	0.06%	0.02%
	TRMK	B	0.01%	0.01%	0.01%
	TROW	B	0.07%	0.08%	0.07%
	TRUP	B	0.0%	0.01%	0.0%
	TSCO	D	0.04%	0.1%	0.04%
	TSLA	A	0.57%	3.05%	0.57%
	TTEK	F	0.02%	0.04%	0.02%
	TTGT	B	0.0%	0.01%	0.0%
	TTMI	B	0.01%	0.01%	0.01%
	TTWO	A	0.02%	0.1%	0.02%
	TXN	C	0.25%	0.62%	0.25%
	TXRH	B	0.02%	0.04%	0.02%
	UAL	A	0.24%	0.09%	0.09%
	UBSI	B	0.02%	0.02%	0.02%
	UCTT	F	0.01%	0.01%	0.01%
	UFPI	C	0.02%	0.02%	0.02%
	UFPT	C	0.0%	0.01%	0.0%
	ULTA	F	0.03%	0.06%	0.03%
	UMBF	B	0.02%	0.02%	0.02%
	UNIT	B	0.01%	0.01%	0.01%
	UPBD	C	0.01%	0.01%	0.01%
	URBN	C	0.02%	0.01%	0.01%
	UTHR	C	0.04%	0.06%	0.04%
	VBTX	B	0.01%	0.01%	0.01%
	VC	F	0.01%	0.01%	0.01%
	VCEL	B	0.0%	0.01%	0.0%
	VECO	F	0.0%	0.01%	0.0%
	VIAV	C	0.0%	0.01%	0.0%
	VICR	C	0.0%	0.02%	0.0%
	VIR	F	0.01%	0.01%	0.01%
	VLY	A	0.04%	0.02%	0.02%
	VRRM	F	0.0%	0.01%	0.0%
	VRSK	B	0.01%	0.13%	0.01%
	VRSN	F	0.02%	0.06%	0.02%
	VRTX	D	0.11%	0.41%	0.11%
	VTRS	A	0.13%	0.05%	0.05%
	WABC	B	0.0%	0.01%	0.0%
	WAFD	B	0.03%	0.01%	0.01%
	WBA	F	0.06%	0.02%	0.02%
	WBD	B	0.18%	0.08%	0.08%
	WDC	F	0.05%	0.07%	0.05%
	WDFC	B	0.0%	0.01%	0.0%
	WEN	C	0.01%	0.01%	0.01%
	WERN	B	0.01%	0.01%	0.01%
	WFRD	F	0.02%	0.02%	0.02%
	WING	D	0.0%	0.03%	0.0%
	WSFS	B	0.01%	0.01%	0.01%
	WTFC	B	0.03%	0.03%	0.03%
	WTW	B	0.07%	0.1%	0.07%
	WWD	B	0.02%	0.03%	0.02%
	WYNN	D	0.02%	0.03%	0.02%
	XEL	A	0.14%	0.12%	0.12%
	XNCR	B	0.0%	0.01%	0.0%
	XPEL	C	0.0%	0.01%	0.0%
	XRAY	D	0.01%	0.01%	0.01%
	XRX	F	0.01%	0.01%	0.01%
	ZBRA	B	0.02%	0.07%	0.02%
	ZD	B	0.01%	0.01%	0.01%
	ZION	B	0.07%	0.02%	0.02%

VLU Overweight 956 Positions Relative to ONEQ

	Symbol	Grade	Weight
	BRK.A	A	2.36%
	XOM	B	2.01%
	WMT	A	1.8%
	BAC	A	1.49%
	VZ	C	1.46%
	JPM	A	1.46%
	T	A	1.35%
	CVX	A	1.32%
	WFC	A	1.17%
	UNH	C	1.17%
	C	B	1.11%
	JNJ	D	0.79%
	PFE	F	0.77%
	CVS	F	0.61%
	MS	A	0.6%
	COF	B	0.6%
	GS	B	0.57%
	PM	A	0.54%
	TFC	A	0.53%
	GM	B	0.53%
	HD	A	0.5%
	PG	C	0.46%
	ABBV	F	0.45%
	ORCL	A	0.45%
	PSX	C	0.45%
	KMI	A	0.44%
	V	A	0.44%
	MPC	D	0.44%
	RTX	D	0.44%
	IBM	C	0.43%
	MET	A	0.41%
	COP	B	0.41%
	PNC	B	0.4%
	MCK	A	0.39%
	PRU	B	0.38%
	USB	B	0.38%
	UPS	C	0.37%
	COR	B	0.37%
	VLO	C	0.37%
	KO	D	0.37%
	F	C	0.36%
	AXP	B	0.35%
	KR	B	0.34%
	MO	A	0.34%
	BMY	A	0.34%
	LMT	D	0.33%
	DAL	A	0.33%
	NEE	C	0.33%
	CI	D	0.33%
	MDT	D	0.32%
	DUK	C	0.32%
	CB	C	0.32%
	ELV	F	0.31%
	ACN	C	0.31%
	MRK	F	0.31%
	HPQ	B	0.31%
	SO	C	0.3%
	MMM	D	0.28%
	CNC	F	0.28%
	BK	B	0.28%
	GE	D	0.27%
	DIS	B	0.27%
	CRM	B	0.26%
	CAH	B	0.25%
	CAT	C	0.25%
	HPE	B	0.24%
	SCHW	A	0.24%
	FDX	B	0.24%
	AIG	C	0.24%
	ABT	A	0.24%
	LOW	C	0.23%
	D	C	0.23%
	TGT	B	0.22%
	SYF	B	0.22%
	KVUE	A	0.22%
	GD	D	0.22%
	DE	C	0.22%
	EOG	A	0.22%
	UNP	D	0.22%
	SW	A	0.22%
	ADM	D	0.21%
	LLY	F	0.2%
	CCL	A	0.2%
	AFL	C	0.2%
	WMB	A	0.19%
	LYB	F	0.19%
	CFG	B	0.18%
	TRV	A	0.18%
	SRE	A	0.18%
	DD	D	0.18%
	PGR	B	0.18%
	HCA	F	0.18%
	DOW	F	0.17%
	BA	D	0.17%
	MTB	A	0.17%
	OXY	F	0.17%
	IP	A	0.17%
	HUM	D	0.17%
	TMO	F	0.16%
	EMR	A	0.16%
	LUV	B	0.16%
	TJX	A	0.16%
	DFS	B	0.16%
	MCD	D	0.15%
	BBY	D	0.15%
	KEY	B	0.15%
	FI	A	0.15%
	NOC	D	0.15%
	ALL	A	0.15%
	JCI	B	0.15%
	ETR	A	0.15%
	STT	B	0.14%
	TSN	B	0.14%
	NEM	D	0.14%
	APD	A	0.14%
	AMT	D	0.13%
	L	A	0.13%
	NSC	B	0.13%
	HIG	B	0.13%
	PEG	C	0.13%
	OKE	A	0.13%
	LEN	D	0.13%
	MA	B	0.13%
	PLD	D	0.13%
	SLB	C	0.13%
	CMI	A	0.13%
	BX	A	0.13%
	MMC	D	0.12%
	NKE	F	0.12%
	SPGI	D	0.12%
	SYY	D	0.12%
	AMP	A	0.12%
	EQT	A	0.12%
	PCG	A	0.12%
	DVN	F	0.12%
	NUE	D	0.12%
	WELL	A	0.12%
	RGA	B	0.12%
	ETN	B	0.12%
	ED	C	0.12%
	O	C	0.11%
	BG	D	0.11%
	ICE	C	0.11%
	DHI	D	0.11%
	BSX	A	0.11%
	PFGC	B	0.11%
	DHR	D	0.11%
	RF	A	0.11%
	KMB	C	0.1%
	WM	B	0.1%
	EIX	C	0.1%
	CCI	C	0.1%
	LHX	B	0.1%
	UNM	A	0.1%
	GIS	F	0.1%
	VST	A	0.1%
	GLW	B	0.1%
	FIS	C	0.1%
	LAD	B	0.09%
	CTVA	C	0.09%
	TRGP	A	0.09%
	ALLY	C	0.09%
	FCX	F	0.09%
	PPL	A	0.09%
	RSG	A	0.09%
	SYK	A	0.09%
	CL	D	0.09%
	VICI	C	0.09%
	DTE	C	0.09%
	WEC	A	0.09%
	ITW	B	0.09%
	OVV	C	0.09%
	PH	B	0.09%
	CMA	B	0.08%
	EQR	C	0.08%
	EG	D	0.08%
	TT	A	0.08%
	MOS	D	0.08%
	K	B	0.08%
	CARR	D	0.08%
	X	C	0.08%
	ANET	C	0.08%
	RCL	A	0.08%
	USFD	A	0.08%
	SNX	D	0.08%
	MRO	A	0.08%
	ES	C	0.08%
	AFG	A	0.08%
	BDX	F	0.08%
	LUMN	C	0.08%
	VTR	A	0.08%
	AEE	A	0.08%
	UBER	F	0.08%
	CBRE	B	0.08%
	TAP	B	0.08%
	ATO	A	0.07%
	CAG	F	0.07%
	PSA	C	0.07%
	GRMN	B	0.07%
	BWA	D	0.07%
	IVZ	C	0.07%
	AVB	B	0.07%
	LVS	C	0.07%
	AON	B	0.07%
	CNP	A	0.07%
	JXN	C	0.07%
	HAL	C	0.07%
	URI	B	0.07%
	EQH	B	0.07%
	HRL	D	0.07%
	FNF	A	0.07%
	ARW	F	0.06%
	GWW	B	0.06%
	NRG	B	0.06%
	BAX	F	0.06%
	CTRA	B	0.06%
	LH	B	0.06%
	NI	A	0.06%
	JEF	A	0.06%
	DINO	D	0.06%
	BXP	D	0.06%
	HES	B	0.06%
	DVA	C	0.06%
	NVR	D	0.06%
	R	B	0.06%
	CF	A	0.06%
	PHM	D	0.06%
	GPN	C	0.06%
	VFC	C	0.06%
	SPG	A	0.06%
	RJF	A	0.06%
	PPG	F	0.06%
	SHW	C	0.06%
	THC	C	0.06%
	VNO	C	0.06%
	NOW	B	0.06%
	OMC	C	0.06%
	WY	D	0.06%
	AZO	C	0.06%
	APH	B	0.06%
	FE	D	0.06%
	MHK	D	0.06%
	WPC	C	0.05%
	SJM	D	0.05%
	PKG	B	0.05%
	OC	A	0.05%
	JLL	D	0.05%
	LEA	F	0.05%
	UHS	D	0.05%
	ZBH	C	0.05%
	STZ	D	0.05%
	IQV	F	0.05%
	DG	F	0.05%
	BLDR	D	0.05%
	GPC	F	0.05%
	APTV	F	0.05%
	JBL	C	0.05%
	CNX	A	0.05%
	TOL	B	0.05%
	PNW	B	0.05%
	DOC	D	0.05%
	JHG	B	0.05%
	ARMK	C	0.05%
	IFF	D	0.05%
	WRB	B	0.05%
	WHR	B	0.05%
	LNC	B	0.05%
	ARE	F	0.05%
	RS	B	0.05%
	RNR	C	0.05%
	SWK	F	0.05%
	STWD	C	0.05%
	DGX	A	0.05%
	FHN	A	0.05%
	AWK	C	0.05%
	HSY	F	0.05%
	BEN	C	0.05%
	AJG	B	0.05%
	CMS	C	0.05%
	ALK	A	0.05%
	AMCR	D	0.05%
	LDOS	C	0.05%
	MUSA	A	0.04%
	CPT	C	0.04%
	HCC	B	0.04%
	OTIS	C	0.04%
	DOV	B	0.04%
	COHR	B	0.04%
	KEYS	C	0.04%
	KIM	A	0.04%
	NCLH	B	0.04%
	BRO	B	0.04%
	NOG	A	0.04%
	CNO	B	0.04%
	AME	A	0.04%
	SF	B	0.04%
	AES	F	0.04%
	IPG	F	0.04%
	J	D	0.04%
	EXPD	D	0.04%
	INGR	B	0.04%
	XPO	B	0.04%
	GL	C	0.04%
	AN	D	0.04%
	CACI	C	0.04%
	TPR	A	0.04%
	WLK	F	0.04%
	OHI	C	0.04%
	TXT	D	0.04%
	SNA	B	0.04%
	TMHC	B	0.04%
	TKO	A	0.04%
	M	D	0.04%
	BERY	D	0.04%
	ROK	B	0.04%
	HWM	A	0.04%
	MAA	A	0.04%
	BALL	D	0.04%
	WSO	A	0.04%
	PWR	A	0.04%
	AR	B	0.04%
	WBS	A	0.04%
	AIZ	A	0.04%
	GAP	D	0.04%
	CPAY	A	0.04%
	MKC	D	0.04%
	MCO	D	0.04%
	KRC	C	0.04%
	INVH	D	0.04%
	SNV	B	0.04%
	DLR	A	0.04%
	MUR	F	0.04%
	VOYA	B	0.04%
	AL	B	0.04%
	ESS	A	0.04%
	CMG	C	0.04%
	AA	A	0.04%
	MOH	F	0.04%
	CIVI	D	0.04%
	UGI	C	0.04%
	MSI	B	0.04%
	ORI	A	0.04%
	MGM	D	0.04%
	IRM	C	0.04%
	ZTS	D	0.04%
	ALB	B	0.04%
	LYV	A	0.04%
	ECL	D	0.04%
	EXR	C	0.04%
	DRI	C	0.04%
	WCC	B	0.04%
	KMX	D	0.04%
	WAB	B	0.04%
	ABG	B	0.04%
	EMN	D	0.04%
	GPI	B	0.04%
	BURL	A	0.03%
	RMD	C	0.03%
	BFH	B	0.03%
	RDN	D	0.03%
	SSB	B	0.03%
	MTDR	C	0.03%
	CADE	B	0.03%
	TRN	B	0.03%
	SKX	F	0.03%
	GNW	A	0.03%
	CSL	C	0.03%
	HRB	D	0.03%
	DTM	A	0.03%
	CLH	C	0.03%
	PK	D	0.03%
	ARCH	B	0.03%
	MAS	D	0.03%
	PAG	B	0.03%
	BRX	A	0.03%
	NFG	A	0.03%
	BKU	A	0.03%
	CUZ	B	0.03%
	HBI	A	0.03%
	POST	D	0.03%
	CR	A	0.03%
	MAN	F	0.03%
	WTRG	B	0.03%
	TDS	B	0.03%
	TGNA	B	0.03%
	GPK	D	0.03%
	JNPR	D	0.03%
	BXMT	C	0.03%
	GEO	A	0.03%
	FMC	D	0.03%
	APLE	B	0.03%
	PBF	D	0.03%
	FNB	B	0.03%
	BIO	C	0.03%
	GME	C	0.03%
	CNK	A	0.03%
	CHD	A	0.03%
	UDR	D	0.03%
	THO	C	0.03%
	CEIX	A	0.03%
	AGCO	F	0.03%
	PB	A	0.03%
	CBOE	C	0.03%
	GHC	B	0.03%
	CFR	B	0.03%
	RRC	B	0.03%
	OGE	A	0.03%
	HUBB	B	0.03%
	PR	B	0.03%
	EME	A	0.03%
	GDDY	A	0.03%
	CE	F	0.03%
	CWK	C	0.03%
	HP	C	0.03%
	ABM	B	0.03%
	CLX	A	0.03%
	IT	C	0.03%
	FLR	B	0.03%
	KD	A	0.03%
	DEI	B	0.03%
	FTV	D	0.03%
	ACM	B	0.03%
	FAF	C	0.03%
	WU	F	0.03%
	MTZ	B	0.03%
	EL	F	0.03%
	RL	C	0.03%
	DKS	D	0.03%
	YUM	D	0.03%
	BTU	B	0.03%
	MLM	B	0.03%
	BJ	B	0.03%
	VMC	B	0.03%
	HIW	D	0.03%
	TDY	B	0.03%
	ASB	B	0.03%
	MLI	B	0.03%
	OGS	A	0.03%
	BKH	A	0.03%
	CCK	D	0.03%
	KNX	B	0.03%
	CMC	B	0.03%
	OGN	F	0.03%
	EW	C	0.03%
	A	F	0.03%
	DXC	D	0.03%
	KTB	A	0.02%
	BLD	F	0.02%
	ATGE	B	0.02%
	CABO	C	0.02%
	LPX	A	0.02%
	GMED	A	0.02%
	ALLE	D	0.02%
	KBR	F	0.02%
	ADNT	F	0.02%
	MAC	A	0.02%
	AX	B	0.02%
	AIT	B	0.02%
	MGY	A	0.02%
	VAC	C	0.02%
	MMS	D	0.02%
	VMI	B	0.02%
	ELS	B	0.02%
	GATX	B	0.02%
	FICO	A	0.02%
	VSTS	F	0.02%
	VVV	D	0.02%
	ST	F	0.02%
	REZI	A	0.02%
	FLO	D	0.02%
	JBGS	F	0.02%
	VLTO	C	0.02%
	VYX	C	0.02%
	ATI	D	0.02%
	NATL	B	0.02%
	SLVM	C	0.02%
	GEF	B	0.02%
	MCY	B	0.02%
	POR	C	0.02%
	AXTA	B	0.02%
	FLS	A	0.02%
	TNL	B	0.02%
	KRG	A	0.02%
	ABCB	B	0.02%
	OI	D	0.02%
	MOG.A	B	0.02%
	MHO	D	0.02%
	BCC	B	0.02%
	PRG	C	0.02%
	SR	A	0.02%
	KSS	F	0.02%
	MSM	D	0.02%
	AGO	A	0.02%
	MDU	D	0.02%
	IDA	A	0.02%
	EFX	F	0.02%
	RRX	B	0.02%
	UAA	C	0.02%
	LII	B	0.02%
	CRC	B	0.02%
	KAR	A	0.02%
	CBT	C	0.02%
	NVT	C	0.02%
	BYD	B	0.02%
	ALE	A	0.02%
	PII	F	0.02%
	ESNT	D	0.02%
	BC	D	0.02%
	FL	F	0.02%
	SWX	A	0.02%
	PRGO	C	0.02%
	EAT	A	0.02%
	AUB	B	0.02%
	PNM	B	0.02%
	BHE	B	0.02%
	BANC	B	0.02%
	OLN	F	0.02%
	CWEN	C	0.02%
	AM	A	0.02%
	PRI	A	0.02%
	HOG	F	0.02%
	GBX	B	0.02%
	SLG	B	0.02%
	PVH	C	0.02%
	AAP	D	0.02%
	HLT	A	0.02%
	RNST	B	0.02%
	GBCI	B	0.02%
	TYL	B	0.02%
	TPH	D	0.02%
	BBWI	C	0.02%
	GXO	B	0.02%
	AVNT	B	0.02%
	WAT	C	0.02%
	HOMB	A	0.02%
	ADC	A	0.02%
	MTD	F	0.02%
	MATX	B	0.02%
	FBIN	D	0.02%
	KEX	B	0.02%
	STE	D	0.02%
	JWN	C	0.02%
	AVY	D	0.02%
	THG	A	0.02%
	CIEN	B	0.02%
	MTH	D	0.02%
	H	B	0.02%
	SIG	C	0.02%
	SLGN	A	0.02%
	G	B	0.02%
	DECK	B	0.02%
	PNR	B	0.02%
	EHC	B	0.02%
	CW	B	0.02%
	HII	F	0.02%
	RPM	B	0.02%
	EVR	B	0.02%
	WSM	D	0.02%
	KBH	D	0.02%
	RHI	C	0.02%
	CRS	A	0.02%
	BR	B	0.02%
	GNRC	B	0.02%
	CUBE	C	0.02%
	SEM	B	0.02%
	IR	B	0.02%
	OSK	C	0.02%
	PFS	B	0.02%
	AMG	C	0.02%
	ALV	C	0.02%
	ENVA	B	0.02%
	RVTY	D	0.02%
	NNN	C	0.02%
	CXW	B	0.02%
	VSCO	A	0.02%
	DAR	B	0.02%
	XYL	D	0.02%
	NOV	D	0.02%
	ABR	B	0.02%
	AMH	C	0.02%
	SCI	A	0.02%
	SON	F	0.02%
	SM	C	0.02%
	CLF	F	0.02%
	MTG	D	0.02%
	TDG	D	0.02%
	MPW	F	0.02%
	KREF	D	0.01%
	HFWA	B	0.01%
	CHE	F	0.01%
	AIN	C	0.01%
	SCL	D	0.01%
	VRTS	B	0.01%
	UFCS	A	0.01%
	EZPW	A	0.01%
	MMI	B	0.01%
	IART	C	0.01%
	MSGS	B	0.01%
	AWR	B	0.01%
	XHR	B	0.01%
	RES	F	0.01%
	CUBI	C	0.01%
	SOLV	F	0.01%
	AAT	A	0.01%
	AZZ	A	0.01%
	AVNS	F	0.01%
	HPP	F	0.01%
	EFC	C	0.01%
	MODG	F	0.01%
	HAE	C	0.01%
	TDC	D	0.01%
	SCHL	F	0.01%
	GFF	B	0.01%
	CWT	C	0.01%
	HCSG	C	0.01%
	INN	D	0.01%
	NBHC	B	0.01%
	HLX	C	0.01%
	EPC	F	0.01%
	GDOT	D	0.01%
	CHH	A	0.01%
	FSS	B	0.01%
	WRLD	D	0.01%
	VSAT	F	0.01%
	GTY	A	0.01%
	CPK	A	0.01%
	SHAK	C	0.01%
	DRH	B	0.01%
	NGVT	C	0.01%
	ONTO	F	0.01%
	ESE	A	0.01%
	DNOW	B	0.01%
	MP	C	0.01%
	ELME	D	0.01%
	MATV	F	0.01%
	WST	D	0.01%
	JBT	A	0.01%
	HXL	F	0.01%
	ESAB	B	0.01%
	VRE	A	0.01%
	TPX	B	0.01%
	NHC	B	0.01%
	YELP	C	0.01%
	BKE	A	0.01%
	KELYA	F	0.01%
	FCPT	C	0.01%
	CRI	F	0.01%
	MCW	C	0.01%
	KWR	D	0.01%
	KNF	A	0.01%
	SHO	D	0.01%
	SKT	A	0.01%
	ALGT	C	0.01%
	ENR	A	0.01%
	EIG	B	0.01%
	KN	B	0.01%
	ASIX	C	0.01%
	EXP	B	0.01%
	IBP	F	0.01%
	STC	A	0.01%
	AWI	B	0.01%
	SPTN	F	0.01%
	BOOT	D	0.01%
	CFFN	B	0.01%
	BRBR	A	0.01%
	VTLE	C	0.01%
	TREX	D	0.01%
	CPF	B	0.01%
	FND	F	0.01%
	MNRO	C	0.01%
	AXL	C	0.01%
	CWEN	C	0.01%
	AMN	F	0.01%
	LXP	D	0.01%
	MC	B	0.01%
	HI	C	0.01%
	HASI	F	0.01%
	TMP	B	0.01%
	PAYC	B	0.01%
	PUMP	D	0.01%
	WD	D	0.01%
	OII	B	0.01%
	PARR	F	0.01%
	NSP	F	0.01%
	NBR	D	0.01%
	B	A	0.01%
	LPG	F	0.01%
	EGBN	B	0.01%
	LTC	B	0.01%
	RWT	D	0.01%
	UE	A	0.01%
	OFG	B	0.01%
	VNT	C	0.01%
	SSD	D	0.01%
	DOCS	C	0.01%
	PJT	B	0.01%
	AROC	A	0.01%
	UNF	B	0.01%
	ENOV	C	0.01%
	GTLS	A	0.01%
	WGO	C	0.01%
	ANF	F	0.01%
	OMI	F	0.01%
	CPRI	F	0.01%
	SXT	C	0.01%
	IPGP	D	0.01%
	DLX	B	0.01%
	BRKL	B	0.01%
	IRT	A	0.01%
	PHIN	B	0.01%
	FCF	B	0.01%
	ORA	B	0.01%
	FBK	B	0.01%
	MTX	C	0.01%
	CCS	F	0.01%
	NPO	A	0.01%
	ITGR	B	0.01%
	SXC	A	0.01%
	HMN	B	0.01%
	DAY	B	0.01%
	VSTO	A	0.01%
	BWXT	A	0.01%
	AKR	A	0.01%
	DLB	F	0.01%
	BDN	C	0.01%
	DAN	F	0.01%
	SFBS	B	0.01%
	WTS	B	0.01%
	ROL	B	0.01%
	EGP	D	0.01%
	LZB	B	0.01%
	SBSI	B	0.01%
	WMS	F	0.01%
	KMT	C	0.01%
	NSA	C	0.01%
	HGV	C	0.01%
	VAL	F	0.01%
	THS	F	0.01%
	RXO	C	0.01%
	NEU	D	0.01%
	BRC	C	0.01%
	APAM	B	0.01%
	SAH	B	0.01%
	NYT	D	0.01%
	RLI	A	0.01%
	RYN	D	0.01%
	RC	D	0.01%
	CTRE	C	0.01%
	FUL	F	0.01%
	CNM	C	0.01%
	EPR	D	0.01%
	DPZ	C	0.01%
	PRK	B	0.01%
	BHLB	B	0.01%
	PBH	A	0.01%
	LCII	D	0.01%
	OUT	A	0.01%
	AEO	F	0.01%
	PIPR	B	0.01%
	RH	D	0.01%
	FIX	A	0.01%
	KLG	D	0.01%
	UA	C	0.01%
	FCN	F	0.01%
	TEX	D	0.01%
	CRK	A	0.01%
	GRBK	D	0.01%
	KW	B	0.01%
	SMG	C	0.01%
	RBC	A	0.01%
	SBH	B	0.01%
	BOH	B	0.01%
	UNFI	B	0.01%
	TTC	F	0.01%
	KFY	B	0.01%
	GVA	A	0.01%
	BCO	F	0.01%
	PSTG	F	0.01%
	CDP	C	0.01%
	WEX	F	0.01%
	DEA	D	0.01%
	PMT	D	0.01%
	GGG	B	0.01%
	LRN	B	0.01%
	DT	C	0.01%
	WH	B	0.01%
	GMS	B	0.01%
	FN	B	0.01%
	ARI	C	0.01%
	EPRT	A	0.01%
	IIPR	F	0.01%
	VSH	F	0.01%
	FDP	B	0.01%
	WOR	F	0.01%
	FHI	B	0.01%
	NWN	A	0.01%
	PBI	B	0.01%
	BDC	B	0.01%
	ENS	D	0.01%
	WS	B	0.01%
	HNI	B	0.01%
	MD	B	0.01%
	UVV	B	0.01%
	FBP	B	0.01%
	MSCI	A	0.01%
	FDS	B	0.01%
	CBU	B	0.01%
	COTY	F	0.01%
	UCB	A	0.01%
	LBRT	F	0.01%
	DY	C	0.01%
	CRL	D	0.01%
	ASH	F	0.01%
	NVST	C	0.01%
	CTLT	D	0.01%
	ASGN	F	0.01%
	LEG	F	0.01%
	AMR	C	0.01%
	DCI	B	0.01%
	ACA	A	0.01%
	SPNT	A	0.01%
	AVA	C	0.01%
	LW	C	0.01%
	TFX	F	0.01%
	HTH	B	0.01%
	STAG	D	0.01%
	IEX	B	0.01%
	SEE	D	0.01%
	NJR	A	0.01%
	REXR	F	0.01%
	PEB	F	0.01%
	GNL	D	0.01%
	FRT	B	0.01%
	WKC	D	0.01%
	TALO	C	0.01%
	FR	D	0.01%
	MTN	C	0.01%
	HLI	B	0.01%
	KMPR	A	0.01%
	AOS	F	0.01%
	WWW	A	0.01%
	ATR	B	0.01%
	CC	D	0.01%
	TKR	F	0.01%
	AYI	B	0.01%
	ITT	A	0.01%
	EPAM	C	0.01%
	AORT	B	0.0%
	NPK	C	0.0%
	WOLF	F	0.0%
	LESL	C	0.0%
	GOGO	C	0.0%
	PCRX	C	0.0%
	CLB	C	0.0%
	CERT	F	0.0%
	RGNX	D	0.0%
	ELF	C	0.0%
	NABL	F	0.0%
	CRSR	D	0.0%
	TGI	A	0.0%
	HCI	C	0.0%
	LQDT	A	0.0%
	MYE	F	0.0%
	BMI	C	0.0%
	JBSS	F	0.0%
	SNCY	C	0.0%
	SSTK	F	0.0%
	NXRT	A	0.0%
	SEDG	F	0.0%
	BJRI	C	0.0%
	MXL	C	0.0%
	GKOS	A	0.0%
	SHEN	F	0.0%
	WT	A	0.0%
	IIIN	D	0.0%
	CARS	C	0.0%
	AHH	D	0.0%
	GPRE	F	0.0%
	DV	C	0.0%
	WSR	A	0.0%
	CENT	C	0.0%
	THRY	F	0.0%
	IRWD	F	0.0%
	EPAC	B	0.0%
	PEN	B	0.0%
	CTS	C	0.0%
	RGR	F	0.0%
	USNA	C	0.0%
	VVI	B	0.0%
	TNC	F	0.0%
	SXI	B	0.0%
	YETI	D	0.0%
	PRLB	C	0.0%
	LNN	B	0.0%
	KNSL	B	0.0%
	PZZA	F	0.0%
	SONO	C	0.0%
	GDEN	B	0.0%
	MTUS	D	0.0%
	HSII	B	0.0%
	SJW	F	0.0%
	KOP	C	0.0%
	ALG	C	0.0%
	WNC	C	0.0%
	DFIN	D	0.0%
	OXM	F	0.0%
	CNMD	C	0.0%
	CALX	D	0.0%
	JOE	F	0.0%
	RCUS	F	0.0%
	BSIG	A	0.0%
	UHT	D	0.0%
	REX	D	0.0%
	USPH	C	0.0%
	CXT	C	0.0%
	SMP	C	0.0%
	NX	C	0.0%
	RAMP	C	0.0%
	AIR	B	0.0%
	ETD	D	0.0%
	HAYN	A	0.0%
	BGS	F	0.0%
	NVRI	F	0.0%
	FOXF	F	0.0%
	AMBC	C	0.0%
	ENV	B	0.0%
	FBRT	C	0.0%
	TWI	F	0.0%
	BOX	B	0.0%
	HZO	F	0.0%
	EVTC	B	0.0%
	TR	A	0.0%
	HAYW	B	0.0%
	GES	F	0.0%
	UTL	C	0.0%
	ROG	D	0.0%
	PLNT	A	0.0%
	SAM	C	0.0%
	CVI	D	0.0%
	PAHC	B	0.0%
	TRIP	F	0.0%
	TILE	B	0.0%
	CSR	A	0.0%
	HELE	C	0.0%
	VTOL	B	0.0%
	DXPE	B	0.0%
	MTRN	C	0.0%
	PRAA	C	0.0%
	ZI	D	0.0%
	BFS	C	0.0%
	PRA	B	0.0%
	MSA	D	0.0%
	ALEX	B	0.0%
	TRST	B	0.0%
	CAL	F	0.0%
	GO	C	0.0%

VLU Underweight 378 Positions Relative to ONEQ

	Symbol	Grade	Weight
	MELI	D	-0.29%
	PDD	D	-0.27%
	MRVL	B	-0.26%
	CRWD	B	-0.24%
	APP	A	-0.23%
	DASH	A	-0.21%
	ASML	F	-0.2%
	TTD	B	-0.19%
	WDAY	C	-0.18%
	COIN	A	-0.17%
	MSTR	A	-0.15%
	DDOG	A	-0.13%
	AZN	F	-0.12%
	TEAM	A	-0.12%
	CCEP	D	-0.11%
	ALNY	D	-0.11%
	TCOM	B	-0.09%
	ZS	B	-0.09%
	FCNCA	A	-0.09%
	LPLA	A	-0.08%
	GFS	C	-0.08%
	JD	D	-0.07%
	ZM	B	-0.07%
	MDB	C	-0.07%
	HOOD	A	-0.07%
	SSNC	C	-0.06%
	NTNX	B	-0.06%
	ICLR	F	-0.06%
	DKNG	B	-0.06%
	ARM	F	-0.06%
	ARGX	B	-0.06%
	CHKP	D	-0.06%
	DOCU	A	-0.05%
	SMMT	D	-0.05%
	BSY	D	-0.05%
	MNDY	D	-0.05%
	SNY	F	-0.05%
	NTRA	A	-0.05%
	ENTG	F	-0.05%
	TW	A	-0.05%
	FLEX	B	-0.05%
	GRAB	A	-0.05%
	BNTX	C	-0.04%
	PCVX	D	-0.04%
	FUTU	C	-0.04%
	DUOL	A	-0.04%
	RPRX	F	-0.04%
	PAA	A	-0.04%
	SRPT	F	-0.04%
	CYBR	A	-0.04%
	Z	A	-0.04%
	LOGI	F	-0.04%
	BMRN	F	-0.04%
	LBRDK	C	-0.04%
	OKTA	D	-0.04%
	AFRM	A	-0.04%
	BIDU	F	-0.04%
	SOFI	A	-0.04%
	VKTX	F	-0.03%
	GLBE	A	-0.03%
	FRHC	A	-0.03%
	CSWI	A	-0.03%
	MDGL	C	-0.03%
	PEGA	B	-0.03%
	HLNE	A	-0.03%
	GTLB	B	-0.03%
	CRDO	B	-0.03%
	RKLB	B	-0.03%
	OTEX	F	-0.03%
	SIRI	D	-0.03%
	ROKU	D	-0.03%
	NICE	D	-0.03%
	ITCI	B	-0.03%
	WIX	A	-0.03%
	DOX	D	-0.03%
	EXAS	D	-0.03%
	BGNE	D	-0.03%
	RVMD	B	-0.03%
	INSM	C	-0.03%
	NTES	C	-0.03%
	RIVN	F	-0.03%
	XENE	D	-0.02%
	IAC	D	-0.02%
	KTOS	C	-0.02%
	BZ	F	-0.02%
	VERX	A	-0.02%
	RYTM	C	-0.02%
	APPF	C	-0.02%
	CLBT	B	-0.02%
	RARE	F	-0.02%
	CRSP	D	-0.02%
	SGRY	F	-0.02%
	IMVT	F	-0.02%
	TFSL	A	-0.02%
	DNLI	C	-0.02%
	AXSM	B	-0.02%
	FRSH	C	-0.02%
	QFIN	B	-0.02%
	AUR	C	-0.02%
	ALKT	B	-0.02%
	KRYS	C	-0.02%
	DJT	C	-0.02%
	UPST	B	-0.02%
	WMG	C	-0.02%
	CACC	F	-0.02%
	CHCI	C	-0.02%
	GLNG	D	-0.02%
	VCTR	B	-0.02%
	USLM	A	-0.02%
	TIGO	D	-0.02%
	BBIO	F	-0.02%
	CRNX	C	-0.02%
	IEP	F	-0.02%
	PI	D	-0.02%
	LI	F	-0.02%
	ROAD	A	-0.02%
	ACLX	C	-0.02%
	STEP	B	-0.02%
	INTA	B	-0.02%
	MARA	C	-0.02%
	NCNO	B	-0.02%
	AGNC	C	-0.02%
	BPOP	C	-0.02%
	BECN	B	-0.02%
	BPMC	C	-0.02%
	NUVL	D	-0.02%
	ALTR	B	-0.02%
	TENB	D	-0.02%
	VRNS	D	-0.02%
	PRCT	B	-0.02%
	CWST	A	-0.02%
	IONS	F	-0.02%
	ACT	D	-0.02%
	REYN	D	-0.02%
	STRL	A	-0.02%
	LCID	F	-0.02%
	QXO	C	-0.02%
	HTHT	C	-0.02%
	CFLT	B	-0.02%
	LYFT	C	-0.02%
	IESC	A	-0.02%
	ASND	F	-0.02%
	TPG	A	-0.02%
	FRPT	A	-0.02%
	XP	F	-0.02%
	WSC	F	-0.02%
	BOKF	B	-0.02%
	MMYT	B	-0.02%
	NVAX	F	-0.01%
	NNDM	F	-0.01%
	CNTA	B	-0.01%
	GMAB	F	-0.01%
	SVRA	F	-0.01%
	CDNA	D	-0.01%
	OABI	D	-0.01%
	KRUS	D	-0.01%
	EBTC	B	-0.01%
	IMTX	F	-0.01%
	GSM	C	-0.01%
	RLAY	F	-0.01%
	BVS	C	-0.01%
	BCBP	B	-0.01%
	IMKTA	C	-0.01%
	PSNY	F	-0.01%
	LQDA	F	-0.01%
	OPK	B	-0.01%
	BMBL	C	-0.01%
	NRIX	C	-0.01%
	MOMO	D	-0.01%
	WOOF	D	-0.01%
	FLYW	B	-0.01%
	PHAT	F	-0.01%
	SDGR	C	-0.01%
	BCYC	F	-0.01%
	TRS	B	-0.01%
	BLBD	F	-0.01%
	IQ	F	-0.01%
	TRNS	F	-0.01%
	MRVI	F	-0.01%
	TH	C	-0.01%
	PYCR	C	-0.01%
	OLPX	D	-0.01%
	VRNT	D	-0.01%
	ESTA	F	-0.01%
	ISTR	B	-0.01%
	RDFN	D	-0.01%
	COGT	D	-0.01%
	FFIC	B	-0.01%
	MNTK	F	-0.01%
	TRDA	C	-0.01%
	NSSC	F	-0.01%
	AMRK	F	-0.01%
	PLUG	F	-0.01%
	DLO	C	-0.01%
	WASH	B	-0.01%
	BASE	C	-0.01%
	IRON	C	-0.01%
	AVAH	B	-0.01%
	ASTL	B	-0.01%
	PLYA	B	-0.01%
	CMCO	C	-0.01%
	VITL	F	-0.01%
	RNW	D	-0.01%
	PFC	B	-0.01%
	ANIP	D	-0.01%
	CLOV	D	-0.01%
	SPRY	C	-0.01%
	AVO	B	-0.01%
	LILAK	F	-0.01%
	IMCR	C	-0.01%
	PDFS	D	-0.01%
	RCKT	F	-0.01%
	CNDT	D	-0.01%
	DOOO	F	-0.01%
	TLRY	F	-0.01%
	IBUY	B	-0.01%
	RDWR	A	-0.01%
	KRNT	B	-0.01%
	SPT	C	-0.01%
	KURA	F	-0.01%
	ARDX	F	-0.01%
	CLDX	F	-0.01%
	HBNC	B	-0.01%
	TVTX	C	-0.01%
	BCRX	D	-0.01%
	HROW	D	-0.01%
	INFN	D	-0.01%
	SOUN	C	-0.01%
	FWRG	C	-0.01%
	MLCO	F	-0.01%
	CRTO	D	-0.01%
	PEBO	B	-0.01%
	NEXT	B	-0.01%
	INMD	C	-0.01%
	SIMO	D	-0.01%
	LBRDA	C	-0.01%
	WB	C	-0.01%
	ATEX	F	-0.01%
	UDMY	D	-0.01%
	GLUE	C	-0.01%
	TCBK	B	-0.01%
	TXG	F	-0.01%
	AXNX	A	-0.01%
	MQ	F	-0.01%
	WINA	B	-0.01%
	CRAI	B	-0.01%
	IREN	C	-0.01%
	SBLK	F	-0.01%
	ENVX	F	-0.01%
	OCFC	B	-0.01%
	DAWN	D	-0.01%
	VRDN	D	-0.01%
	MBUU	C	-0.01%
	LBPH	A	-0.01%
	AUPH	C	-0.01%
	PAGP	A	-0.01%
	ULH	B	-0.01%
	INBK	B	-0.01%
	ULCC	D	-0.01%
	AY	A	-0.01%
	VSEC	B	-0.01%
	BUSE	B	-0.01%
	ATSG	A	-0.01%
	NVCR	D	-0.01%
	GABC	B	-0.01%
	GTX	F	-0.01%
	FA	D	-0.01%
	PCT	C	-0.01%
	ERII	D	-0.01%
	GDYN	C	-0.01%
	RXST	F	-0.01%
	HPK	C	-0.01%
	RIOT	C	-0.01%
	TARS	C	-0.01%
	MNKD	B	-0.01%
	MGNI	A	-0.01%
	YY	B	-0.01%
	TMDX	F	-0.01%
	MBIN	F	-0.01%
	PTVE	B	-0.01%
	DYN	F	-0.01%
	FIVN	C	-0.01%
	DNUT	F	-0.01%
	ARVN	F	-0.01%
	CMPR	F	-0.01%
	TRMD	D	-0.01%
	ATAT	C	-0.01%
	RRR	F	-0.01%
	IAS	D	-0.01%
	SNDX	F	-0.01%
	BEAM	C	-0.01%
	TWST	F	-0.01%
	VERA	B	-0.01%
	IDYA	F	-0.01%
	VMEO	B	-0.01%
	SASR	B	-0.01%
	PTGX	D	-0.01%
	JANX	C	-0.01%
	WSBC	B	-0.01%
	NNBR	C	-0.01%
	ZLAB	C	-0.01%
	EVCM	B	-0.01%
	AKRO	C	-0.01%
	RPD	C	-0.01%
	SYBT	B	-0.01%
	LAUR	A	-0.01%
	SPNS	F	-0.01%
	NMRK	B	-0.01%
	CLBK	C	-0.01%
	FRME	B	-0.01%
	CLSK	C	-0.01%
	GOGL	C	-0.01%
	AMRX	C	-0.01%
	APPN	C	-0.01%
	OSW	B	-0.01%
	SKWD	A	-0.01%
	GERN	F	-0.01%
	GDS	C	-0.01%
	MIRM	C	-0.01%
	SWTX	C	-0.01%
	EFSC	B	-0.01%
	KYMR	C	-0.01%
	NPAB	F	-0.01%
	FLNC	C	-0.01%
	IRTC	C	-0.01%
	JAMF	F	-0.01%
	HEES	C	-0.01%
	LMAT	A	-0.01%
	VCYT	A	-0.01%
	VRNA	A	-0.01%
	GGAL	A	-0.01%
	CIFR	C	-0.01%
	PLTK	B	-0.01%
	HURN	B	-0.01%
	HCP	B	-0.01%
	BRZE	C	-0.01%
	CGON	F	-0.01%
	RBCAA	B	-0.01%
	WULF	C	-0.01%
	ALHC	C	-0.01%
	BILI	C	-0.01%
	APLS	F	-0.01%
	ERIC	A	-0.01%
	FROG	C	-0.01%
	ACAD	C	-0.01%
	ZG	A	-0.01%
	MGRC	B	-0.01%
	KROS	D	-0.01%
	STNE	F	-0.01%
	TOWN	B	-0.01%
	BL	C	-0.01%
	ACVA	A	-0.01%
	ATRC	C	-0.01%
	ESGR	B	-0.01%
	DRVN	B	-0.01%
	EWTX	C	-0.01%
	SRRK	B	-0.01%
	MRUS	F	-0.01%
	EBC	B	-0.01%
	IOVA	F	-0.01%
	LEGN	F	-0.01%
	GSHD	A	-0.01%
	ICFI	F	-0.01%
	VOD	D	-0.01%
	FIBK	B	-0.01%
	FOLD	F	-0.01%
	HTLF	B	-0.01%
	TGTX	B	-0.01%
	ADMA	C	-0.01%
	AGIO	C	-0.01%
	VIRT	A	-0.01%
	WVE	C	-0.01%
	PTCT	C	-0.01%
	RNA	C	-0.01%
	LFST	C	-0.01%
	AMBA	B	-0.01%
	ARLP	A	-0.01%
	GH	B	-0.01%

VLU: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Software - Application Semiconductors Oil & Gas E&P Biotechnology Business Services Packaged Foods Specialty Chemicals REIT - Diversified Specialty Retail Asset Management Diagnostics & Research Utilities - Regulated Electric Insurance - Property & Casualty REIT - Retail Building Materials Restaurants Aerospace & Defense Capital Markets

Keywords: S&P 500 Bank Nasdaq 100 Banking Natural Gas Real Estate Investment Trust Insurance Chemical Computing Aerospace Electronics Mining Medicine Semiconductor Electricity Deposit Products Telecommunications Transport Commercial Banking Clothing

ONEQ: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Software - Infrastructure Semiconductors Diagnostics & Research Internet Content & Information Semiconductor Equipment & Materials Specialty Retail Business Services Capital Markets Medical Devices Communication Equipment Drug Manufacturers - Specialty & Generic Information Technology Services Medical Instruments & Supplies Packaged Foods Restaurants Telecom Services Diversified Industrials

Keywords: S&P 500 Nasdaq 100 Bank Medicine Banking Computing Biopharmaceutical Biotechnology Cancer Semiconductor Deposit Products Integrated Circuits Commercial Banking Electronics Insurance Mobile Devices Transport Real Estate Loans Telecommunications Clinical Medicine