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

$184.14

Average Daily Volume

11,667

Number of Holdings ^*

1423

* 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

$71.02

Average Daily Volume

311,190

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

Performance

Period	VLU	ONEQ
30 Days	3.47%	1.17%
60 Days	4.09%	1.73%
90 Days	7.29%	1.97%
12 Months	26.24%	34.63%

465 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in ONEQ	Overlap
AAL	D	0.06%	0.02%	0.02%
AAON	B	0.0%	0.03%	0.0%
AAPL	C	2.37%	11.9%	2.37%
ABNB	D	0.06%	0.18%	0.06%
ACGL	C	0.14%	0.15%	0.14%
ACHC	C	0.01%	0.03%	0.01%
ACIW	C	0.01%	0.02%	0.01%
ACLS	F	0.0%	0.01%	0.0%
ADBE	F	0.19%	0.84%	0.19%
ADI	C	0.14%	0.39%	0.14%
ADP	B	0.09%	0.39%	0.09%
ADSK	C	0.03%	0.19%	0.03%
ADUS	B	0.0%	0.01%	0.0%
AEIS	D	0.0%	0.02%	0.0%
AEP	C	0.18%	0.19%	0.18%
AGYS	D	0.0%	0.01%	0.0%
AHCO	C	0.01%	0.01%	0.01%
AKAM	D	0.03%	0.05%	0.03%
ALGM	F	0.0%	0.02%	0.0%
ALGN	D	0.03%	0.06%	0.03%
ALKS	C	0.01%	0.02%	0.01%
ALRM	F	0.0%	0.01%	0.0%
AMAT	D	0.12%	0.54%	0.12%
AMD	D	0.14%	0.86%	0.14%
AMED	C	0.01%	0.01%	0.01%
AMGN	B	0.28%	0.62%	0.28%
AMKR	F	0.03%	0.03%	0.03%
AMPH	C	0.0%	0.01%	0.0%
AMSF	C	0.0%	0.01%	0.0%
AMZN	C	1.94%	6.77%	1.94%
ANDE	D	0.02%	0.01%	0.01%
ANSS	D	0.03%	0.09%	0.03%
APA	F	0.04%	0.03%	0.03%
APOG	B	0.0%	0.01%	0.0%
ARCB	D	0.01%	0.01%	0.01%
ARWR	F	0.0%	0.01%	0.0%
ASO	C	0.02%	0.02%	0.02%
ASTE	D	0.0%	0.01%	0.0%
ASTH	B	0.0%	0.01%	0.0%
AVAV	C	0.01%	0.02%	0.01%
AVGO	C	0.42%	2.71%	0.42%
AVT	C	0.04%	0.01%	0.01%
AXON	B	0.01%	0.1%	0.01%
AZTA	F	0.0%	0.01%	0.0%
BANF	B	0.01%	0.02%	0.01%
BANR	B	0.02%	0.01%	0.01%
BCPC	C	0.01%	0.02%	0.01%
BGC	B	0.01%	0.02%	0.01%
BHF	F	0.02%	0.01%	0.01%
BIIB	F	0.09%	0.1%	0.09%
BKNG	C	0.1%	0.46%	0.1%
BKR	C	0.1%	0.12%	0.1%
BLKB	C	0.0%	0.02%	0.0%
BLMN	F	0.01%	0.01%	0.01%
BRKR	D	0.01%	0.03%	0.01%
CACC	F	0.0%	0.02%	0.0%
CAKE	D	0.01%	0.01%	0.01%
CALM	A	0.03%	0.01%	0.01%
CAR	F	0.01%	0.01%	0.01%
CARG	B	0.01%	0.01%	0.01%
CASH	B	0.01%	0.01%	0.01%
CASY	D	0.03%	0.05%	0.03%
CATY	C	0.03%	0.01%	0.01%
CBRL	D	0.01%	0.01%	0.01%
CBSH	C	0.02%	0.03%	0.02%
CCOI	C	0.01%	0.02%	0.01%
CDNS	D	0.02%	0.25%	0.02%
CDW	D	0.04%	0.1%	0.04%
CEG	C	0.04%	0.22%	0.04%
CELH	F	0.0%	0.03%	0.0%
CENTA	F	0.01%	0.01%	0.01%
CENX	D	0.0%	0.01%	0.0%
CEVA	C	0.0%	0.01%	0.0%
CG	D	0.02%	0.05%	0.02%
CGNX	F	0.01%	0.02%	0.01%
CHCO	B	0.01%	0.01%	0.01%
CHDN	C	0.01%	0.03%	0.01%
CHEF	D	0.01%	0.01%	0.01%
CHK	D	0.07%	0.03%	0.03%
CHRD	F	0.07%	0.03%	0.03%
CHRW	B	0.06%	0.04%	0.04%
CHTR	D	0.3%	0.17%	0.17%
CHX	F	0.01%	0.02%	0.01%
CINF	C	0.07%	0.07%	0.07%
CMCSA	D	0.61%	0.54%	0.54%
CME	C	0.1%	0.28%	0.1%
CNSL	B	0.0%	0.01%	0.0%
CNXC	F	0.03%	0.02%	0.02%
CNXN	B	0.01%	0.01%	0.01%
COHU	F	0.0%	0.01%	0.0%
COKE	C	0.02%	0.04%	0.02%
COLB	B	0.05%	0.02%	0.02%
COLL	C	0.0%	0.01%	0.0%
COLM	C	0.02%	0.02%	0.02%
COOP	C	0.05%	0.02%	0.02%
CORT	C	0.01%	0.02%	0.01%
COST	B	0.3%	1.41%	0.3%
CPB	C	0.05%	0.05%	0.05%
CPRT	D	0.03%	0.17%	0.03%
CPRX	B	0.0%	0.01%	0.0%
CROX	D	0.02%	0.03%	0.02%
CRUS	D	0.02%	0.02%	0.02%
CRVL	B	0.0%	0.02%	0.0%
CSCO	C	0.46%	0.7%	0.46%
CSGP	D	0.03%	0.11%	0.03%
CSGS	C	0.0%	0.01%	0.0%
CSX	D	0.11%	0.23%	0.11%
CTAS	B	0.04%	0.29%	0.04%
CTSH	C	0.11%	0.13%	0.11%
CVBF	D	0.01%	0.01%	0.01%
CVCO	A	0.01%	0.02%	0.01%
CVLT	B	0.01%	0.03%	0.01%
CYTK	F	0.0%	0.02%	0.0%
CZR	C	0.03%	0.03%	0.03%
DBX	D	0.01%	0.02%	0.01%
DCOM	B	0.01%	0.01%	0.01%
DGII	D	0.0%	0.01%	0.0%
DIOD	F	0.01%	0.01%	0.01%
DLTR	F	0.04%	0.05%	0.04%
DORM	B	0.01%	0.01%	0.01%
DVAX	D	0.0%	0.01%	0.0%
DXCM	F	0.01%	0.1%	0.01%
EA	D	0.05%	0.13%	0.05%
EBAY	B	0.1%	0.11%	0.1%
ECPG	D	0.01%	0.01%	0.01%
EEFT	D	0.01%	0.02%	0.01%
EMBC	C	0.0%	0.01%	0.0%
ENPH	D	0.01%	0.05%	0.01%
ENSG	B	0.01%	0.03%	0.01%
EQIX	C	0.08%	0.28%	0.08%
ERIE	B	0.02%	0.09%	0.02%
ETSY	F	0.01%	0.03%	0.01%
EVRG	B	0.07%	0.04%	0.04%
EWBC	D	0.04%	0.04%	0.04%
EXC	C	0.21%	0.14%	0.14%
EXEL	C	0.02%	0.03%	0.02%
EXLS	B	0.01%	0.02%	0.01%
EXPE	C	0.04%	0.06%	0.04%
EXPI	C	0.01%	0.02%	0.01%
EXPO	B	0.0%	0.02%	0.0%
EXTR	C	0.0%	0.01%	0.0%
EYE	F	0.0%	0.01%	0.0%
FANG	D	0.1%	0.11%	0.1%
FAST	C	0.04%	0.14%	0.04%
FBNC	B	0.01%	0.01%	0.01%
FELE	C	0.01%	0.02%	0.01%
FFBC	D	0.02%	0.01%	0.01%
FFIN	B	0.01%	0.02%	0.01%
FFIV	B	0.02%	0.04%	0.02%
FHB	D	0.02%	0.01%	0.01%
FITB	B	0.11%	0.1%	0.1%
FIVE	D	0.01%	0.02%	0.01%
FIZZ	D	0.01%	0.02%	0.01%
FLGT	D	0.0%	0.01%	0.0%
FORM	F	0.01%	0.01%	0.01%
FOX	B	0.04%	0.03%	0.03%
FOXA	B	0.09%	0.03%	0.03%
FSLR	C	0.03%	0.08%	0.03%
FTDR	B	0.01%	0.01%	0.01%
FTNT	C	0.04%	0.2%	0.04%
FTRE	D	0.0%	0.01%	0.0%
FULT	D	0.02%	0.01%	0.01%
FWRD	C	0.01%	0.01%	0.01%
FYBR	C	0.04%	0.03%	0.03%
GDEN	D	0.0%	0.01%	0.0%
GEHC	C	0.03%	0.14%	0.03%
GIII	C	0.01%	0.01%	0.01%
GILD	B	0.34%	0.36%	0.34%
GLPI	C	0.05%	0.04%	0.04%
GNTX	F	0.01%	0.02%	0.01%
GOOG	D	1.13%	3.1%	1.13%
GOOGL	D	0.69%	3.23%	0.69%
GT	F	0.02%	0.01%	0.01%
HAFC	C	0.0%	0.01%	0.0%
HAIN	D	0.01%	0.01%	0.01%
HALO	C	0.01%	0.03%	0.01%
HAS	B	0.03%	0.04%	0.03%
HBAN	B	0.11%	0.07%	0.07%
HLIT	C	0.0%	0.01%	0.0%
HOLX	C	0.03%	0.06%	0.03%
HON	D	0.21%	0.46%	0.21%
HOPE	B	0.01%	0.01%	0.01%
HQY	C	0.01%	0.02%	0.01%
HRMY	B	0.0%	0.01%	0.0%
HSIC	C	0.03%	0.03%	0.03%
HST	C	0.04%	0.04%	0.04%
HTLD	D	0.0%	0.01%	0.0%
HTZ	F	0.0%	0.01%	0.0%
HUBG	C	0.01%	0.01%	0.01%
HWC	D	0.03%	0.02%	0.02%
HWKN	C	0.01%	0.01%	0.01%
IBKR	B	0.04%	0.05%	0.04%
IBOC	D	0.02%	0.02%	0.02%
IBTX	B	0.02%	0.01%	0.01%
ICHR	F	0.0%	0.01%	0.0%
ICUI	B	0.01%	0.02%	0.01%
IDCC	C	0.01%	0.01%	0.01%
IDXX	C	0.02%	0.14%	0.02%
ILMN	C	0.03%	0.07%	0.03%
INCY	C	0.02%	0.04%	0.02%
INDB	C	0.01%	0.01%	0.01%
INTC	F	0.27%	0.29%	0.27%
INTU	C	0.06%	0.64%	0.06%
INVA	B	0.01%	0.01%	0.01%
IOSP	D	0.01%	0.01%	0.01%
IPAR	F	0.0%	0.02%	0.0%
IRDM	D	0.0%	0.01%	0.0%
ISRG	B	0.1%	0.6%	0.1%
ITRI	C	0.01%	0.02%	0.01%
JACK	F	0.0%	0.01%	0.0%
JAZZ	D	0.02%	0.02%	0.02%
JBHT	D	0.03%	0.06%	0.03%
JBLU	D	0.02%	0.01%	0.01%
JBSS	D	0.0%	0.01%	0.0%
JJSF	C	0.01%	0.01%	0.01%
JKHY	B	0.01%	0.04%	0.01%
KALU	F	0.01%	0.01%	0.01%
KDP	B	0.13%	0.17%	0.13%
KELYA	D	0.01%	0.01%	0.01%
KHC	C	0.25%	0.15%	0.15%
KLAC	D	0.06%	0.35%	0.06%
KLIC	F	0.01%	0.01%	0.01%
LAMR	B	0.03%	0.04%	0.03%
LANC	D	0.01%	0.02%	0.01%
LECO	F	0.01%	0.03%	0.01%
LFUS	C	0.01%	0.02%	0.01%
LGIH	C	0.01%	0.01%	0.01%
LGND	C	0.01%	0.01%	0.01%
LIN	B	0.21%	0.78%	0.21%
LITE	B	0.01%	0.02%	0.01%
LIVN	D	0.0%	0.01%	0.0%
LKFN	C	0.0%	0.01%	0.0%
LKQ	F	0.04%	0.03%	0.03%
LNT	B	0.04%	0.05%	0.04%
LNTH	D	0.01%	0.02%	0.01%
LNW	B	0.02%	0.03%	0.02%
LOPE	D	0.01%	0.02%	0.01%
LRCX	F	0.08%	0.35%	0.08%
LSCC	D	0.0%	0.02%	0.0%
LSTR	D	0.01%	0.02%	0.01%
LULU	D	0.03%	0.11%	0.03%
MANH	B	0.0%	0.05%	0.0%
MAR	C	0.08%	0.23%	0.08%
MASI	F	0.01%	0.02%	0.01%
MAT	C	0.01%	0.03%	0.01%
MATW	F	0.0%	0.01%	0.0%
MCHP	F	0.05%	0.14%	0.05%
MCRI	C	0.01%	0.01%	0.01%
MDLZ	B	0.22%	0.35%	0.22%
MEDP	F	0.01%	0.04%	0.01%
META	B	1.68%	4.01%	1.68%
MGEE	B	0.01%	0.01%	0.01%
MGPI	D	0.0%	0.01%	0.0%
MIDD	D	0.02%	0.02%	0.02%
MKSI	F	0.01%	0.03%	0.01%
MKTX	C	0.01%	0.04%	0.01%
MLKN	D	0.02%	0.01%	0.01%
MMSI	B	0.01%	0.02%	0.01%
MNST	D	0.05%	0.18%	0.05%
MORN	C	0.01%	0.05%	0.01%
MPWR	C	0.01%	0.15%	0.01%
MRCY	D	0.01%	0.01%	0.01%
MRNA	F	0.03%	0.09%	0.03%
MRTN	D	0.0%	0.01%	0.0%
MSEX	C	0.0%	0.01%	0.0%
MSFT	C	1.54%	11.17%	1.54%
MTCH	C	0.02%	0.03%	0.02%
MTSI	D	0.01%	0.03%	0.01%
MU	F	0.13%	0.35%	0.13%
MYGN	C	0.01%	0.01%	0.01%
MYRG	F	0.01%	0.01%	0.01%
NARI	F	0.0%	0.01%	0.0%
NAVI	C	0.01%	0.01%	0.01%
NBIX	F	0.01%	0.04%	0.01%
NBTB	D	0.01%	0.01%	0.01%
NDAQ	A	0.07%	0.15%	0.07%
NDSN	C	0.02%	0.05%	0.02%
NEO	C	0.0%	0.01%	0.0%
NEOG	D	0.0%	0.01%	0.0%
NFLX	B	0.17%	1.04%	0.17%
NMIH	B	0.01%	0.02%	0.01%
NOVT	D	0.01%	0.02%	0.01%
NSIT	D	0.02%	0.02%	0.02%
NTAP	D	0.04%	0.08%	0.04%
NTCT	C	0.0%	0.01%	0.0%
NTRS	A	0.07%	0.06%	0.06%
NVDA	D	0.32%	10.22%	0.32%
NVEE	F	0.0%	0.01%	0.0%
NWBI	C	0.02%	0.01%	0.01%
NWE	B	0.02%	0.01%	0.01%
NWL	C	0.03%	0.02%	0.02%
NWS	D	0.01%	0.01%	0.01%
NWSA	D	0.03%	0.03%	0.03%
NXPI	F	0.08%	0.2%	0.08%
NXST	D	0.03%	0.02%	0.02%
ODFL	D	0.03%	0.15%	0.03%
ODP	F	0.01%	0.01%	0.01%
OLED	C	0.01%	0.03%	0.01%
OLLI	C	0.01%	0.02%	0.01%
OMCL	C	0.01%	0.01%	0.01%
ON	D	0.05%	0.1%	0.05%
ONB	C	0.03%	0.02%	0.02%
OPCH	C	0.01%	0.02%	0.01%
ORLY	C	0.07%	0.23%	0.07%
OSIS	D	0.01%	0.01%	0.01%
OTTR	F	0.01%	0.01%	0.01%
OZK	D	0.04%	0.01%	0.01%
PANW	D	0.07%	0.39%	0.07%
PARA	F	0.05%	0.03%	0.03%
PATK	B	0.01%	0.01%	0.01%
PAYX	C	0.06%	0.17%	0.06%
PCAR	D	0.11%	0.17%	0.11%
PCH	C	0.01%	0.02%	0.01%
PCTY	C	0.01%	0.03%	0.01%
PDCO	F	0.02%	0.01%	0.01%
PECO	B	0.01%	0.02%	0.01%
PENN	D	0.03%	0.01%	0.01%
PEP	C	0.39%	0.85%	0.39%
PFBC	D	0.0%	0.01%	0.0%
PFG	B	0.16%	0.06%	0.06%
PGNY	F	0.0%	0.01%	0.0%
PINC	C	0.01%	0.01%	0.01%
PLAB	F	0.01%	0.01%	0.01%
PLAY	F	0.0%	0.01%	0.0%
PLMR	C	0.0%	0.01%	0.0%
PLUS	A	0.01%	0.01%	0.01%
PLXS	A	0.01%	0.02%	0.01%
PNFP	B	0.02%	0.02%	0.02%
PODD	B	0.01%	0.06%	0.01%
POOL	C	0.01%	0.05%	0.01%
POWI	F	0.0%	0.01%	0.0%
POWL	C	0.0%	0.01%	0.0%
PPBI	D	0.01%	0.01%	0.01%
PPC	D	0.02%	0.04%	0.02%
PRDO	D	0.0%	0.01%	0.0%
PRFT	B	0.0%	0.01%	0.0%
PRGS	C	0.0%	0.01%	0.0%
PRVA	F	0.0%	0.01%	0.0%
PSMT	B	0.01%	0.01%	0.01%
PTC	D	0.02%	0.07%	0.02%
PTEN	F	0.01%	0.02%	0.01%
PYPL	B	0.17%	0.25%	0.17%
QCOM	D	0.24%	0.65%	0.24%
QLYS	F	0.0%	0.02%	0.0%
QNST	B	0.0%	0.01%	0.0%
QRVO	F	0.02%	0.03%	0.02%
RCM	C	0.01%	0.02%	0.01%
RDNT	B	0.01%	0.02%	0.01%
REG	C	0.04%	0.05%	0.04%
REGN	C	0.16%	0.43%	0.16%
RGEN	D	0.01%	0.03%	0.01%
RGLD	C	0.02%	0.04%	0.02%
RMBS	F	0.0%	0.02%	0.0%
ROCK	D	0.0%	0.01%	0.0%
ROIC	C	0.01%	0.01%	0.01%
ROP	C	0.05%	0.2%	0.05%
ROST	C	0.07%	0.18%	0.07%
RUN	C	0.02%	0.02%	0.02%
RUSHA	C	0.02%	0.01%	0.01%
SABR	D	0.01%	0.01%	0.01%
SAFT	D	0.01%	0.01%	0.01%
SAIA	D	0.01%	0.04%	0.01%
SAIC	C	0.02%	0.02%	0.02%
SANM	D	0.03%	0.02%	0.02%
SATS	C	0.03%	0.02%	0.02%
SBAC	C	0.02%	0.09%	0.02%
SBCF	C	0.01%	0.01%	0.01%
SBRA	C	0.02%	0.02%	0.02%
SBUX	C	0.15%	0.39%	0.15%
SCHL	D	0.01%	0.01%	0.01%
SCSC	D	0.01%	0.01%	0.01%
SCVL	B	0.01%	0.01%	0.01%
SEDG	F	0.0%	0.01%	0.0%
SEIC	C	0.01%	0.03%	0.01%
SFM	B	0.02%	0.04%	0.02%
SFNC	B	0.02%	0.01%	0.01%
SHC	C	0.01%	0.02%	0.01%
SHOO	B	0.01%	0.01%	0.01%
SIGI	D	0.02%	0.02%	0.02%
SITM	B	0.0%	0.02%	0.0%
SKYW	C	0.02%	0.01%	0.01%
SLAB	D	0.0%	0.02%	0.0%
SLM	D	0.02%	0.02%	0.02%
SMCI	F	0.01%	0.09%	0.01%
SMPL	D	0.01%	0.01%	0.01%
SMTC	C	0.0%	0.02%	0.0%
SNEX	B	0.02%	0.01%	0.01%
SNPS	F	0.04%	0.26%	0.04%
SPSC	D	0.0%	0.03%	0.0%
SRCL	A	0.01%	0.01%	0.01%
SRCL	A	0.01%	0.02%	0.01%
STAA	F	0.0%	0.01%	0.0%
STBA	B	0.01%	0.01%	0.01%
STLD	F	0.07%	0.06%	0.06%
STRA	F	0.01%	0.01%	0.01%
STX	C	0.04%	0.08%	0.04%
SUPN	C	0.0%	0.01%	0.0%
SVC	D	0.01%	0.01%	0.01%
SWKS	D	0.05%	0.05%	0.05%
SYNA	F	0.01%	0.01%	0.01%
TBBK	B	0.01%	0.01%	0.01%
TCBI	B	0.02%	0.02%	0.02%
TECH	C	0.0%	0.04%	0.0%
TER	D	0.02%	0.07%	0.02%
THRM	D	0.0%	0.01%	0.0%
TMUS	C	0.42%	0.83%	0.42%
TNDM	C	0.0%	0.01%	0.0%
TRMB	C	0.02%	0.05%	0.02%
TRMK	C	0.01%	0.01%	0.01%
TROW	D	0.07%	0.08%	0.07%
TRUP	C	0.0%	0.01%	0.0%
TSCO	C	0.04%	0.11%	0.04%
TSLA	C	0.47%	2.56%	0.47%
TTEK	C	0.02%	0.04%	0.02%
TTGT	F	0.0%	0.01%	0.0%
TTMI	D	0.01%	0.01%	0.01%
TTWO	C	0.02%	0.09%	0.02%
TXN	C	0.24%	0.63%	0.24%
TXRH	C	0.01%	0.03%	0.01%
UAL	C	0.15%	0.06%	0.06%
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	B	0.0%	0.01%	0.0%
ULTA	D	0.03%	0.06%	0.03%
UMBF	B	0.02%	0.02%	0.02%
UNIT	C	0.01%	0.01%	0.01%
URBN	F	0.02%	0.01%	0.01%
UTHR	C	0.04%	0.05%	0.04%
VBTX	B	0.01%	0.01%	0.01%
VC	F	0.01%	0.01%	0.01%
VCEL	D	0.0%	0.01%	0.0%
VECO	F	0.0%	0.01%	0.0%
VIAV	D	0.0%	0.01%	0.0%
VICR	D	0.0%	0.01%	0.0%
VIR	F	0.01%	0.01%	0.01%
VLY	C	0.03%	0.02%	0.02%
VRRM	D	0.0%	0.02%	0.0%
VRSK	D	0.01%	0.13%	0.01%
VRSN	D	0.02%	0.06%	0.02%
VRTX	D	0.11%	0.43%	0.11%
VTRS	D	0.13%	0.05%	0.05%
WABC	D	0.0%	0.01%	0.0%
WAFD	C	0.02%	0.01%	0.01%
WBA	F	0.06%	0.03%	0.03%
WBD	D	0.17%	0.07%	0.07%
WDC	D	0.05%	0.08%	0.05%
WDFC	C	0.0%	0.01%	0.0%
WEN	C	0.01%	0.01%	0.01%
WERN	D	0.01%	0.01%	0.01%
WFRD	F	0.02%	0.02%	0.02%
WING	B	0.0%	0.04%	0.0%
WSFS	D	0.01%	0.01%	0.01%
WTFC	C	0.02%	0.02%	0.02%
WTW	C	0.07%	0.1%	0.07%
WWD	D	0.02%	0.03%	0.02%
WYNN	D	0.02%	0.03%	0.02%
XEL	B	0.14%	0.13%	0.13%
XNCR	C	0.0%	0.01%	0.0%
XPEL	D	0.0%	0.01%	0.0%
XRAY	D	0.01%	0.02%	0.01%
XRX	D	0.01%	0.01%	0.01%
ZBRA	B	0.02%	0.06%	0.02%
ZD	D	0.01%	0.01%	0.01%
ZION	D	0.06%	0.02%	0.02%

VLU Overweight 959 Positions Relative to ONEQ

Symbol	Grade	Weight
BRK.A	C	2.41%
XOM	C	1.97%
WMT	C	1.8%
VZ	B	1.69%
T	C	1.41%
BAC	D	1.38%
JPM	D	1.35%
CVX	D	1.26%
UNH	C	1.22%
C	D	0.99%
WFC	D	0.96%
JNJ	C	0.89%
PFE	C	0.87%
CVS	D	0.66%
PM	C	0.58%
PG	C	0.53%
MPC	F	0.52%
HD	B	0.51%
GS	C	0.51%
TFC	C	0.5%
MS	D	0.49%
COF	B	0.48%
GM	C	0.48%
PSX	F	0.48%
RTX	C	0.47%
ABBV	C	0.46%
IBM	B	0.45%
KO	C	0.44%
ELV	C	0.42%
CI	C	0.41%
MET	B	0.41%
V	C	0.41%
ORCL	C	0.41%
VLO	F	0.4%
COP	D	0.4%
NEE	C	0.4%
CB	B	0.39%
PRU	C	0.38%
F	F	0.38%
MRK	D	0.38%
UPS	D	0.37%
PNC	B	0.37%
KMI	B	0.37%
MO	C	0.36%
DUK	C	0.36%
LMT	C	0.36%
CNC	D	0.36%
USB	B	0.36%
MCK	F	0.35%
MDT	C	0.35%
KR	C	0.34%
AXP	B	0.34%
BMY	C	0.33%
ACN	C	0.32%
SO	B	0.32%
MMM	B	0.29%
GE	B	0.28%
ADM	D	0.27%
BK	B	0.27%
D	C	0.26%
FDX	C	0.26%
HPQ	D	0.26%
ABT	C	0.26%
DAL	C	0.26%
DIS	D	0.26%
CAH	C	0.25%
AIG	D	0.25%
LLY	C	0.24%
UNP	C	0.24%
DE	B	0.23%
CRM	D	0.23%
CAT	B	0.23%
EOG	D	0.23%
TGT	C	0.23%
HCA	B	0.23%
KVUE	C	0.23%
LOW	B	0.23%
LYB	D	0.22%
AFL	C	0.22%
SW	B	0.21%
SCHW	D	0.21%
BLK	B	0.2%
HPE	D	0.2%
HUM	F	0.2%
GD	B	0.2%
PGR	B	0.19%
DD	B	0.18%
TRV	C	0.18%
OXY	F	0.18%
NEM	B	0.18%
TMO	B	0.18%
DOW	D	0.18%
CFG	C	0.17%
BBY	C	0.17%
SYF	C	0.17%
TJX	B	0.17%
SRE	C	0.17%
CCL	C	0.16%
TSN	C	0.16%
PLD	C	0.16%
MCD	B	0.16%
AMT	C	0.16%
WMB	B	0.16%
ALL	B	0.16%
NOC	B	0.16%
JCI	B	0.15%
MTB	B	0.15%
BA	F	0.15%
LEN	B	0.15%
IP	B	0.15%
LUV	C	0.15%
KEY	B	0.14%
PEG	C	0.14%
APD	B	0.14%
ETR	B	0.14%
ED	C	0.14%
O	C	0.13%
RGA	C	0.13%
MMC	C	0.13%
BG	D	0.13%
L	C	0.13%
NKE	D	0.13%
DFS	C	0.13%
SPGI	B	0.13%
STT	B	0.13%
SLB	F	0.13%
DVN	F	0.13%
DHI	B	0.13%
EMR	D	0.13%
MA	B	0.13%
DHR	B	0.13%
HIG	B	0.13%
NUE	F	0.12%
ICE	C	0.12%
CCI	C	0.12%
CMI	C	0.12%
OKE	B	0.12%
NSC	C	0.12%
BX	B	0.12%
GIS	B	0.12%
WELL	C	0.12%
PCG	C	0.12%
SYY	D	0.12%
RF	B	0.11%
FIS	B	0.11%
EIX	C	0.11%
CL	D	0.11%
BSX	B	0.11%
KMB	D	0.11%
ETN	C	0.11%
LHX	C	0.1%
GLW	C	0.1%
WM	D	0.1%
WEC	C	0.1%
TEL	D	0.1%
AMP	A	0.1%
DTE	C	0.1%
PFGC	B	0.1%
EQT	D	0.1%
VICI	C	0.1%
UBER	C	0.09%
CARR	B	0.09%
VTR	C	0.09%
PH	B	0.09%
EG	C	0.09%
AEE	C	0.09%
CTVA	B	0.09%
OVV	F	0.09%
EQR	B	0.09%
UNM	B	0.09%
BDX	D	0.09%
SYK	C	0.09%
TAP	D	0.09%
ITW	C	0.09%
RSG	D	0.09%
ES	C	0.09%
PPL	C	0.09%
TT	B	0.08%
PSA	B	0.08%
AVB	B	0.08%
MOS	F	0.08%
AFG	B	0.08%
DVA	B	0.08%
MRO	D	0.08%
CAG	C	0.08%
ALLY	F	0.08%
CBRE	A	0.08%
FNF	B	0.08%
SNX	D	0.08%
FCX	D	0.08%
HRL	C	0.08%
K	B	0.08%
EQH	C	0.07%
PPG	D	0.07%
VST	C	0.07%
BAX	C	0.07%
URI	B	0.07%
HSY	C	0.07%
BWA	D	0.07%
ATO	B	0.07%
PHM	B	0.07%
CMA	B	0.07%
LAD	D	0.07%
AON	B	0.07%
NVR	B	0.07%
CNP	C	0.07%
WY	C	0.07%
USFD	B	0.07%
ANET	B	0.07%
AZO	D	0.07%
X	F	0.07%
TRGP	B	0.07%
HAL	F	0.07%
FE	C	0.07%
MHK	C	0.07%
DGX	B	0.06%
IQV	C	0.06%
UHS	B	0.06%
VFC	C	0.06%
CTRA	F	0.06%
HES	F	0.06%
GPC	D	0.06%
STWD	A	0.06%
LVS	D	0.06%
GRMN	D	0.06%
NOW	B	0.06%
AJG	D	0.06%
LUMN	C	0.06%
APH	D	0.06%
ARE	C	0.06%
CF	C	0.06%
BXP	B	0.06%
ARW	C	0.06%
NI	B	0.06%
SPG	B	0.06%
IFF	B	0.06%
CMS	C	0.06%
SWK	B	0.06%
SWN	D	0.06%
AMCR	B	0.06%
APTV	D	0.06%
DINO	F	0.06%
GPN	D	0.06%
AWK	B	0.06%
IVZ	B	0.06%
THC	A	0.06%
SHW	B	0.06%
RCL	B	0.06%
OMC	B	0.06%
UGI	C	0.05%
IRM	C	0.05%
FHN	D	0.05%
BALL	C	0.05%
MKC	C	0.05%
ESS	B	0.05%
OGN	D	0.05%
LDOS	B	0.05%
RS	D	0.05%
ECL	B	0.05%
ALK	C	0.05%
INVH	C	0.05%
MOH	D	0.05%
JLL	B	0.05%
EMN	B	0.05%
ORI	B	0.05%
MGM	F	0.05%
WHR	D	0.05%
KMX	D	0.05%
ZBH	F	0.05%
RJF	C	0.05%
GWW	B	0.05%
NRG	C	0.05%
EXR	B	0.05%
ZTS	C	0.05%
SJM	C	0.05%
TOL	B	0.05%
JEF	B	0.05%
BLDR	C	0.05%
AES	C	0.05%
ARMK	B	0.05%
VNO	C	0.05%
WRB	C	0.05%
DOC	C	0.05%
JXN	A	0.05%
PNW	C	0.05%
LEA	F	0.05%
BEN	F	0.05%
RNR	C	0.05%
WPC	C	0.05%
STZ	D	0.05%
DG	F	0.05%
R	A	0.05%
PWR	B	0.04%
BRO	C	0.04%
HWM	B	0.04%
FAF	B	0.04%
CCK	A	0.04%
TKO	B	0.04%
OGS	B	0.04%
WCC	D	0.04%
A	C	0.04%
KIM	C	0.04%
M	F	0.04%
BKH	B	0.04%
DKS	D	0.04%
MPW	C	0.04%
CNX	B	0.04%
WU	F	0.04%
CPAY	B	0.04%
KRC	C	0.04%
DLR	B	0.04%
J	C	0.04%
TMHC	A	0.04%
EW	F	0.04%
ROK	D	0.04%
EXPD	C	0.04%
AN	D	0.04%
AR	F	0.04%
OHI	B	0.04%
MUSA	D	0.04%
TXT	D	0.04%
AIZ	B	0.04%
IPG	C	0.04%
BERY	B	0.04%
CPT	B	0.04%
WLK	D	0.04%
ALB	D	0.04%
VOYA	B	0.04%
WAB	A	0.04%
CE	F	0.04%
AL	D	0.04%
ABG	D	0.04%
GAP	F	0.04%
MSI	B	0.04%
CMG	C	0.04%
PKG	B	0.04%
JHG	B	0.04%
GPI	B	0.04%
EL	F	0.04%
MCO	B	0.04%
OC	D	0.04%
CIVI	F	0.04%
JBL	D	0.04%
MAA	B	0.04%
MUR	F	0.04%
DRI	B	0.04%
LNC	D	0.04%
STE	C	0.03%
CR	C	0.03%
CSL	B	0.03%
TGNA	D	0.03%
FLR	D	0.03%
GHC	B	0.03%
CLH	A	0.03%
FNB	C	0.03%
BIO	C	0.03%
PK	D	0.03%
HP	F	0.03%
CUZ	B	0.03%
PAG	D	0.03%
BKU	C	0.03%
CUBE	C	0.03%
MTZ	B	0.03%
RMD	C	0.03%
NCLH	C	0.03%
MTG	B	0.03%
XYL	D	0.03%
MLI	B	0.03%
HUBB	B	0.03%
GDDY	C	0.03%
APLE	D	0.03%
CNK	C	0.03%
TDG	B	0.03%
KD	D	0.03%
RL	C	0.03%
RRC	D	0.03%
HRB	C	0.03%
HOG	C	0.03%
HCC	F	0.03%
BRX	B	0.03%
MAS	B	0.03%
RDN	C	0.03%
SON	C	0.03%
XPO	D	0.03%
PB	B	0.03%
NOG	D	0.03%
BURL	B	0.03%
THO	D	0.03%
VMC	D	0.03%
ASB	D	0.03%
SF	A	0.03%
JNPR	B	0.03%
DEI	B	0.03%
AMH	C	0.03%
NFG	B	0.03%
SKX	D	0.03%
MDU	C	0.03%
NNN	C	0.03%
MLM	D	0.03%
WTRG	D	0.03%
ABM	D	0.03%
AGCO	D	0.03%
ACM	B	0.03%
BXMT	C	0.03%
GPK	B	0.03%
GNW	B	0.03%
CHD	D	0.03%
POST	C	0.03%
OGE	C	0.03%
HII	D	0.03%
IT	B	0.03%
CMC	D	0.03%
FMC	C	0.03%
MAN	C	0.03%
TDY	B	0.03%
AA	D	0.03%
SNA	C	0.03%
BJ	D	0.03%
PBF	F	0.03%
LYV	B	0.03%
CBOE	C	0.03%
TPR	C	0.03%
CNO	B	0.03%
WBS	D	0.03%
UDR	C	0.03%
CLX	C	0.03%
FTV	C	0.03%
WSO	C	0.03%
CACI	B	0.03%
YUM	D	0.03%
KNX	C	0.03%
AME	C	0.03%
SNV	C	0.03%
HIW	B	0.03%
KEYS	C	0.03%
GL	C	0.03%
DOV	B	0.03%
INGR	B	0.03%
DXC	C	0.03%
OTIS	C	0.03%
AXTA	B	0.02%
LBRT	D	0.02%
IIPR	B	0.02%
LEG	D	0.02%
NJR	B	0.02%
GBX	C	0.02%
ASH	D	0.02%
AVA	C	0.02%
ABCB	B	0.02%
VVV	D	0.02%
GEO	F	0.02%
FRT	C	0.02%
GEF	D	0.02%
MOG.A	B	0.02%
MTN	D	0.02%
STAG	C	0.02%
ALLE	B	0.02%
KAR	D	0.02%
NVT	D	0.02%
BYD	C	0.02%
MMS	C	0.02%
RRX	C	0.02%
VSCO	C	0.02%
AOS	D	0.02%
TKR	D	0.02%
MSM	D	0.02%
FR	B	0.02%
CPRI	D	0.02%
BHE	D	0.02%
GBCI	B	0.02%
BLD	D	0.02%
CRC	C	0.02%
NATL	D	0.02%
ADNT	F	0.02%
CBT	B	0.02%
AGO	C	0.02%
GNL	C	0.02%
ST	D	0.02%
IDA	C	0.02%
KRG	B	0.02%
BCC	C	0.02%
FLO	C	0.02%
AUB	D	0.02%
OI	D	0.02%
COTY	F	0.02%
VLTO	C	0.02%
VSTS	D	0.02%
SLG	C	0.02%
JBGS	C	0.02%
CIEN	C	0.02%
GXO	D	0.02%
REXR	C	0.02%
BANC	B	0.02%
GNRC	D	0.02%
LII	B	0.02%
PRI	B	0.02%
MATX	B	0.02%
EVR	A	0.02%
WAT	C	0.02%
ELS	C	0.02%
POR	C	0.02%
BBWI	F	0.02%
ATI	D	0.02%
GME	F	0.02%
MHO	B	0.02%
BC	C	0.02%
HLT	B	0.02%
TFX	C	0.02%
RNST	D	0.02%
PVH	F	0.02%
PNM	B	0.02%
CW	B	0.02%
VGR	B	0.02%
SR	B	0.02%
ALE	B	0.02%
SWX	C	0.02%
CRS	B	0.02%
AVNT	B	0.02%
RHI	D	0.02%
ENVA	C	0.02%
KSS	F	0.02%
AM	C	0.02%
HOMB	B	0.02%
TYL	C	0.02%
PRGO	D	0.02%
PNR	B	0.02%
OLN	D	0.02%
EHC	C	0.02%
DECK	C	0.02%
THG	B	0.02%
RPM	B	0.02%
KEX	C	0.02%
SIG	C	0.02%
IR	C	0.02%
TDS	C	0.02%
FL	D	0.02%
ARCH	F	0.02%
PFS	B	0.02%
G	C	0.02%
H	C	0.02%
SLGN	B	0.02%
EFX	B	0.02%
MTD	D	0.02%
OSK	F	0.02%
CWEN	C	0.02%
JWN	C	0.02%
SEM	D	0.02%
BTU	D	0.02%
DTM	B	0.02%
DAR	F	0.02%
AAP	F	0.02%
ESNT	B	0.02%
TPH	C	0.02%
PII	D	0.02%
PR	F	0.02%
ADC	C	0.02%
AMG	C	0.02%
BR	D	0.02%
COHR	C	0.02%
PRG	A	0.02%
CADE	C	0.02%
CEIX	D	0.02%
HBI	B	0.02%
CLF	F	0.02%
TRN	D	0.02%
ALV	F	0.02%
CWK	B	0.02%
SM	F	0.02%
AVY	C	0.02%
SSB	B	0.02%
MTDR	F	0.02%
SCI	B	0.02%
MTH	A	0.02%
CFR	C	0.02%
ABR	B	0.02%
NOV	F	0.02%
EME	B	0.02%
KBH	A	0.02%
WSM	D	0.02%
TWI	D	0.01%
GO	F	0.01%
ESAB	C	0.01%
CSR	B	0.01%
MSGS	B	0.01%
JBT	D	0.01%
BFS	B	0.01%
SCL	F	0.01%
GES	F	0.01%
NBHC	D	0.01%
HAE	F	0.01%
EZPW	D	0.01%
ALEX	B	0.01%
MSA	D	0.01%
XHR	B	0.01%
RES	D	0.01%
NGVT	D	0.01%
CHH	C	0.01%
CUBI	F	0.01%
SOLV	C	0.01%
GDOT	C	0.01%
CAL	F	0.01%
KREF	B	0.01%
AZZ	D	0.01%
AMWD	D	0.01%
AAT	B	0.01%
CHE	C	0.01%
ESE	B	0.01%
AWR	B	0.01%
MMI	C	0.01%
HLX	F	0.01%
HCSG	C	0.01%
AIN	D	0.01%
BGS	D	0.01%
TDC	F	0.01%
DNOW	D	0.01%
GFF	D	0.01%
DRH	C	0.01%
KNF	B	0.01%
WRLD	D	0.01%
NVRI	D	0.01%
FSS	D	0.01%
PAYC	D	0.01%
INN	B	0.01%
MODG	F	0.01%
WST	D	0.01%
EFC	B	0.01%
HPP	D	0.01%
AWI	B	0.01%
EPC	F	0.01%
CVI	F	0.01%
ENR	D	0.01%
CPK	B	0.01%
CWT	C	0.01%
CFFN	D	0.01%
TMP	C	0.01%
SXC	F	0.01%
NBR	F	0.01%
SKT	B	0.01%
TPX	C	0.01%
YELP	F	0.01%
EXP	B	0.01%
NHC	D	0.01%
ASIX	C	0.01%
GTY	B	0.01%
GTLS	F	0.01%
EGBN	C	0.01%
BRBR	C	0.01%
EIG	C	0.01%
KN	D	0.01%
BKE	B	0.01%
HXL	F	0.01%
SHO	C	0.01%
OII	D	0.01%
KWR	D	0.01%
AVNS	B	0.01%
MNRO	D	0.01%
CPF	B	0.01%
B	D	0.01%
PJT	B	0.01%
MC	B	0.01%
HI	F	0.01%
TREX	D	0.01%
ONTO	D	0.01%
VNT	F	0.01%
DAY	D	0.01%
IPGP	F	0.01%
AXL	F	0.01%
PUMP	D	0.01%
FCPT	C	0.01%
AROC	D	0.01%
IBP	D	0.01%
BRKL	C	0.01%
STC	B	0.01%
WD	B	0.01%
DOCS	B	0.01%
HMN	D	0.01%
UE	B	0.01%
BWXT	D	0.01%
CWEN	C	0.01%
FBK	B	0.01%
DLX	F	0.01%
LTC	C	0.01%
ENOV	D	0.01%
SPTN	C	0.01%
SFBS	B	0.01%
VSAT	F	0.01%
LXP	B	0.01%
WGO	D	0.01%
PHIN	B	0.01%
SSD	D	0.01%
UNFI	C	0.01%
FCF	C	0.01%
BOOT	A	0.01%
MTX	F	0.01%
HASI	C	0.01%
FND	C	0.01%
SXT	C	0.01%
ORA	C	0.01%
OFG	C	0.01%
KMT	B	0.01%
CRK	D	0.01%
MATV	C	0.01%
UNF	C	0.01%
APAM	C	0.01%
DT	C	0.01%
VSTO	C	0.01%
PIPR	B	0.01%
HGV	F	0.01%
NPO	D	0.01%
MD	C	0.01%
AKR	B	0.01%
AMN	F	0.01%
NSP	F	0.01%
ITGR	A	0.01%
SAH	D	0.01%
ANF	D	0.01%
RXO	D	0.01%
CRI	D	0.01%
WTS	C	0.01%
DLB	F	0.01%
WMS	D	0.01%
GVA	B	0.01%
RWT	B	0.01%
WS	D	0.01%
IRT	B	0.01%
SBSI	B	0.01%
PARR	F	0.01%
CNM	F	0.01%
BOH	D	0.01%
BDN	B	0.01%
BHLB	B	0.01%
PRK	C	0.01%
RLI	B	0.01%
DPZ	F	0.01%
WH	B	0.01%
BRC	C	0.01%
WWW	B	0.01%
LRN	B	0.01%
ROL	C	0.01%
NYT	C	0.01%
PBH	B	0.01%
NEU	D	0.01%
TEX	F	0.01%
LZB	C	0.01%
LPG	F	0.01%
BDC	B	0.01%
KLG	C	0.01%
RBC	C	0.01%
FHI	A	0.01%
OUT	C	0.01%
GMS	D	0.01%
FDP	C	0.01%
RH	B	0.01%
VAL	F	0.01%
EGP	B	0.01%
PSTG	F	0.01%
PBI	D	0.01%
FN	D	0.01%
RYN	C	0.01%
CTRE	C	0.01%
DAN	F	0.01%
CCS	B	0.01%
SMG	C	0.01%
OMI	D	0.01%
FUL	C	0.01%
NSA	B	0.01%
LW	D	0.01%
LCII	C	0.01%
TTC	D	0.01%
THS	C	0.01%
CBU	C	0.01%
SBH	B	0.01%
GGG	C	0.01%
AEO	F	0.01%
KW	C	0.01%
RC	F	0.01%
EPR	B	0.01%
UA	D	0.01%
EAT	A	0.01%
VAC	F	0.01%
AYI	B	0.01%
AIT	A	0.01%
FCN	D	0.01%
FIX	B	0.01%
DEA	B	0.01%
ACA	B	0.01%
AMR	F	0.01%
HLI	B	0.01%
ATGE	D	0.01%
HNI	C	0.01%
UAA	C	0.01%
IEX	D	0.01%
FDS	C	0.01%
AX	D	0.01%
NVST	D	0.01%
UCBI	B	0.01%
GRBK	B	0.01%
EPRT	B	0.01%
VMI	D	0.01%
PMT	C	0.01%
NWN	C	0.01%
FBP	C	0.01%
ARI	F	0.01%
DCI	C	0.01%
KTB	B	0.01%
VSH	F	0.01%
ASGN	D	0.01%
CRL	F	0.01%
WEX	C	0.01%
ATR	B	0.01%
MSCI	C	0.01%
BCO	B	0.01%
GMED	D	0.01%
EPAM	F	0.01%
CC	F	0.01%
UVV	D	0.01%
MCY	D	0.01%
FLS	D	0.01%
MAC	B	0.01%
WOR	D	0.01%
TNL	D	0.01%
SEE	D	0.01%
ENS	D	0.01%
CABO	F	0.01%
SLVM	B	0.01%
ITT	B	0.01%
KMPR	D	0.01%
KBR	D	0.01%
TALO	D	0.01%
FICO	B	0.01%
CTLT	B	0.01%
MGY	C	0.01%
REZI	D	0.01%
LPX	B	0.01%
HTH	C	0.01%
PEB	D	0.01%
DY	B	0.01%
KFY	B	0.01%
CXW	F	0.01%
SPNT	C	0.01%
GATX	D	0.01%
NPK	D	0.0%
DDD	F	0.0%
CHUY	C	0.0%
WOLF	F	0.0%
LESL	F	0.0%
VREX	F	0.0%
PCRX	F	0.0%
GOGO	F	0.0%
RILY	F	0.0%
CLB	D	0.0%
SNCY	D	0.0%
CMP	D	0.0%
CHCT	F	0.0%
TGI	F	0.0%
CERT	F	0.0%
CRSR	F	0.0%
HCI	C	0.0%
ELF	F	0.0%
LQDT	B	0.0%
BMI	A	0.0%
RGNX	F	0.0%
NABL	D	0.0%
BJRI	D	0.0%
SSTK	F	0.0%
HVT	D	0.0%
GKOS	C	0.0%
MYE	D	0.0%
NXRT	C	0.0%
NUS	F	0.0%
MXL	F	0.0%
DV	F	0.0%
EPAC	B	0.0%
PEN	D	0.0%
CTS	D	0.0%
CARS	D	0.0%
PRLB	F	0.0%
VVI	D	0.0%
WSR	D	0.0%
IIIN	D	0.0%
SXI	C	0.0%
AHH	C	0.0%
GPRE	F	0.0%
IRWD	F	0.0%
CCRN	F	0.0%
SHEN	F	0.0%
HSII	C	0.0%
CENT	F	0.0%
USNA	F	0.0%
SONO	D	0.0%
PZZA	D	0.0%
RGR	D	0.0%
LNN	D	0.0%
TNC	F	0.0%
YETI	D	0.0%
MTUS	F	0.0%
ALG	D	0.0%
THRY	D	0.0%
SGH	F	0.0%
KOP	F	0.0%
KNSL	C	0.0%
MCW	F	0.0%
BSIG	B	0.0%
DBI	F	0.0%
AMCX	F	0.0%
WNC	F	0.0%
DXPE	D	0.0%
SJW	C	0.0%
MOV	F	0.0%
ZEUS	F	0.0%
USPH	F	0.0%
REX	D	0.0%
CVGW	C	0.0%
MERC	F	0.0%
NX	F	0.0%
CNMD	D	0.0%
TILE	B	0.0%
RAMP	F	0.0%
SMP	C	0.0%
HAYW	C	0.0%
OXM	F	0.0%
IART	F	0.0%
DFIN	B	0.0%
CALX	D	0.0%
HAYN	D	0.0%
PRA	C	0.0%
PLNT	B	0.0%
RCUS	C	0.0%
DIN	F	0.0%
SAM	F	0.0%
JOE	C	0.0%
TRIP	F	0.0%
CLW	F	0.0%
AMBC	D	0.0%
EVTC	D	0.0%
ALGT	F	0.0%
UHT	B	0.0%
ENV	C	0.0%
BOX	C	0.0%
VTOL	D	0.0%
ROG	F	0.0%
ETH	D	0.0%
AIR	C	0.0%
MTRN	F	0.0%
PRAA	D	0.0%
HFWA	C	0.0%
PAHC	B	0.0%
HELE	D	0.0%
ZI	D	0.0%
MP	D	0.0%
AOSL	D	0.0%
HZO	C	0.0%
FOXF	D	0.0%
UFCS	D	0.0%
TRST	C	0.0%
VRTS	F	0.0%
TR	C	0.0%
UTL	C	0.0%
SHAK	C	0.0%

VLU Underweight 359 Positions Relative to ONEQ

Symbol	Grade	Weight
MELI	B	-0.38%
ASML	F	-0.26%
PDD	F	-0.22%
MRVL	C	-0.22%
CRWD	D	-0.21%
WDAY	D	-0.18%
DASH	C	-0.17%
AZN	D	-0.16%
TTD	B	-0.16%
CCEP	B	-0.13%
DDOG	D	-0.12%
COIN	F	-0.12%
ALNY	C	-0.12%
APP	C	-0.11%
SMMT	C	-0.09%
FCNCA	D	-0.09%
ZS	F	-0.09%
TEAM	D	-0.09%
GFS	F	-0.08%
MDB	D	-0.08%
MSTR	D	-0.08%
ICLR	D	-0.08%
CHKP	B	-0.07%
NTRA	C	-0.06%
LPLA	D	-0.06%
BMRN	F	-0.06%
ENTG	F	-0.06%
SNY	B	-0.06%
SSNC	B	-0.06%
ZM	C	-0.06%
ARM	D	-0.06%
HOOD	C	-0.06%
DKNG	C	-0.06%
ARGX	C	-0.06%
JD	C	-0.05%
GRAB	C	-0.05%
BNTX	C	-0.05%
LOGI	D	-0.05%
PCVX	C	-0.05%
NTNX	C	-0.05%
RIVN	F	-0.05%
BSY	D	-0.05%
TW	B	-0.05%
TCOM	C	-0.05%
NTES	F	-0.04%
Z	B	-0.04%
DOCU	C	-0.04%
LCID	C	-0.04%
CYBR	D	-0.04%
PAA	C	-0.04%
AFRM	C	-0.04%
BIDU	D	-0.04%
INSM	D	-0.04%
RPRX	C	-0.04%
FLEX	C	-0.04%
SRPT	D	-0.04%
MNDY	B	-0.04%
EXAS	C	-0.04%
OKTA	F	-0.04%
GLBE	C	-0.03%
REYN	C	-0.03%
WSC	D	-0.03%
FRPT	B	-0.03%
HLNE	B	-0.03%
VKTX	C	-0.03%
GTLB	D	-0.03%
MMYT	B	-0.03%
ASND	C	-0.03%
LBRDK	F	-0.03%
XP	D	-0.03%
ITCI	D	-0.03%
NICE	F	-0.03%
RVMD	C	-0.03%
DUOL	B	-0.03%
WIX	D	-0.03%
OTEX	D	-0.03%
SOFI	C	-0.03%
ROKU	C	-0.03%
DOX	C	-0.03%
BGNE	C	-0.03%
IESC	D	-0.02%
KYMR	C	-0.02%
VCTR	B	-0.02%
GLNG	C	-0.02%
INTA	A	-0.02%
KTOS	C	-0.02%
FOLD	D	-0.02%
IAC	C	-0.02%
LYFT	D	-0.02%
CRSP	F	-0.02%
STEP	B	-0.02%
STRL	B	-0.02%
NPAB	D	-0.02%
VOD	C	-0.02%
WMG	D	-0.02%
AUR	C	-0.02%
TFSL	C	-0.02%
APPF	D	-0.02%
CHCI	C	-0.02%
BECN	D	-0.02%
MARA	F	-0.02%
RKLB	C	-0.02%
IMVT	D	-0.02%
CRNX	C	-0.02%
QXO	F	-0.02%
TGTX	C	-0.02%
CLBT	B	-0.02%
APLS	F	-0.02%
SGRY	C	-0.02%
CFLT	F	-0.02%
HTHT	D	-0.02%
ALTR	D	-0.02%
ACLX	B	-0.02%
PRCT	C	-0.02%
HCP	B	-0.02%
CRDO	D	-0.02%
TMDX	D	-0.02%
AXSM	C	-0.02%
LEGN	F	-0.02%
IEP	F	-0.02%
BBIO	D	-0.02%
TIGO	B	-0.02%
MDGL	F	-0.02%
PI	B	-0.02%
ESGR	D	-0.02%
TENB	F	-0.02%
ADMA	B	-0.02%
AMBA	C	-0.02%
BPOP	C	-0.02%
VRNS	C	-0.02%
FUTU	D	-0.02%
BPMC	F	-0.02%
NUVL	C	-0.02%
CWST	D	-0.02%
TPG	B	-0.02%
RARE	B	-0.02%
AGNC	B	-0.02%
CSWI	B	-0.02%
PEGA	C	-0.02%
DNLI	C	-0.02%
ACT	B	-0.02%
KRYS	D	-0.02%
IONS	F	-0.02%
BOKF	B	-0.02%
FRHC	B	-0.02%
IQ	F	-0.01%
PYCR	D	-0.01%
SANA	F	-0.01%
ISTR	B	-0.01%
MNTK	D	-0.01%
TRDA	D	-0.01%
NNDM	F	-0.01%
LQDA	F	-0.01%
LBRDA	F	-0.01%
MOMO	D	-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%
PLYA	D	-0.01%
RIOT	F	-0.01%
BCBP	C	-0.01%
BASE	F	-0.01%
SRRK	F	-0.01%
SOUN	D	-0.01%
WASH	B	-0.01%
TRS	D	-0.01%
SVRA	D	-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%
IMKTA	D	-0.01%
WVE	D	-0.01%
DHC	B	-0.01%
NNBR	D	-0.01%
ULCC	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%
TYRA	C	-0.01%
MLCO	D	-0.01%
AVAH	C	-0.01%
WB	D	-0.01%
WULF	D	-0.01%
CDNA	C	-0.01%
NSSC	F	-0.01%
PDFS	F	-0.01%
SDGR	D	-0.01%
TARS	C	-0.01%
DLO	D	-0.01%
VRNT	F	-0.01%
HBNC	B	-0.01%
VSEC	C	-0.01%
VITL	D	-0.01%
AVO	B	-0.01%
CNDT	C	-0.01%
RDWR	C	-0.01%
COMM	B	-0.01%
IMCR	F	-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%
INMD	D	-0.01%
CLOV	C	-0.01%
ATAT	B	-0.01%
GDYN	C	-0.01%
PEBO	C	-0.01%
ULH	C	-0.01%
BLBD	D	-0.01%
MRVI	C	-0.01%
OCFC	B	-0.01%
UDMY	D	-0.01%
CLSK	F	-0.01%
IMTX	C	-0.01%
ARDX	D	-0.01%
WINA	D	-0.01%
TCBK	D	-0.01%
VMEO	C	-0.01%
DAWN	D	-0.01%
VERA	C	-0.01%
NVAX	D	-0.01%
GABC	C	-0.01%
INBK	D	-0.01%
BILI	C	-0.01%
BCRX	C	-0.01%
RNW	C	-0.01%
TLRY	F	-0.01%
RCKT	D	-0.01%
AXNX	B	-0.01%
FIVN	F	-0.01%
HEES	D	-0.01%
SIMO	F	-0.01%
APPN	D	-0.01%
IAS	D	-0.01%
RPD	F	-0.01%
COGT	C	-0.01%
PAGP	C	-0.01%
SYBT	A	-0.01%
SBLK	D	-0.01%
SNDX	F	-0.01%
ARVN	F	-0.01%
AY	C	-0.01%
KURA	D	-0.01%
BUSE	C	-0.01%
SKWD	C	-0.01%
NFE	F	-0.01%
EWTX	B	-0.01%
OSW	C	-0.01%
PTVE	D	-0.01%
GDS	B	-0.01%
WSBC	D	-0.01%
FRME	D	-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%
EVCM	D	-0.01%
JANX	C	-0.01%
RRR	D	-0.01%
SPNS	D	-0.01%
PCT	C	-0.01%
GGAL	B	-0.01%
DNUT	D	-0.01%
CRTO	D	-0.01%
IRTC	F	-0.01%
MGNI	D	-0.01%
EFSC	C	-0.01%
MNKD	C	-0.01%
YY	C	-0.01%
HURN	C	-0.01%
RXST	C	-0.01%
CMPR	F	-0.01%
CLBK	C	-0.01%
LMAT	C	-0.01%
NMRK	A	-0.01%
MBIN	D	-0.01%
TWST	D	-0.01%
PLUG	F	-0.01%
ATRC	C	-0.01%
PLTK	C	-0.01%
GOGL	D	-0.01%
ATSG	D	-0.01%
ENVX	F	-0.01%
ZG	B	-0.01%
AKRO	C	-0.01%
AMRX	B	-0.01%
VRNA	C	-0.01%
RBCAA	B	-0.01%
BEAM	F	-0.01%
MGRC	F	-0.01%
FROG	F	-0.01%
MIRM	D	-0.01%
KROS	C	-0.01%
CGON	C	-0.01%
BL	D	-0.01%
USLM	B	-0.01%
MQ	F	-0.01%
VERX	D	-0.01%
FRSH	F	-0.01%
JAMF	D	-0.01%
GERN	D	-0.01%
ERII	D	-0.01%
TXG	D	-0.01%
ERIC	B	-0.01%
DRVN	C	-0.01%
PTCT	C	-0.01%
IOVA	C	-0.01%
DYN	D	-0.01%
FLNC	C	-0.01%
UPST	C	-0.01%
ACAD	F	-0.01%
BRZE	F	-0.01%
AGIO	C	-0.01%
HTLF	B	-0.01%
LILAK	D	-0.01%
EBC	B	-0.01%
SWTX	F	-0.01%
BZ	F	-0.01%
TOWN	B	-0.01%
GSHD	C	-0.01%
IDYA	F	-0.01%
MRUS	D	-0.01%
ALHC	C	-0.01%
QFIN	B	-0.01%
ROAD	B	-0.01%
ARLP	D	-0.01%
FIBK	B	-0.01%
VCYT	B	-0.01%
TRMD	C	-0.01%
FA	B	-0.01%
ACVA	B	-0.01%
LFST	C	-0.01%
NCNO	D	-0.01%
RNA	D	-0.01%
LI	D	-0.01%
ALKT	D	-0.01%
RYTM	B	-0.01%
CLDX	C	-0.01%
PTGX	C	-0.01%
XENE	D	-0.01%
VIRT	C	-0.01%
STNE	F	-0.01%
GH	D	-0.01%
ICFI	B	-0.01%