FAD vs. ONEQ ETF Comparison

Comparison of First Trust MuFirst Trust Multi CG AlphaDEX (FAD) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

FAD

First Trust MuFirst Trust Multi CG AlphaDEX

FAD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$148.38

Average Daily Volume

4,463

Number of Holdings ^*

640

* 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

$74.95

Average Daily Volume

238,552

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

Performance

Period	FAD	ONEQ
30 Days	9.58%	4.10%
60 Days	11.65%	5.77%
90 Days	14.77%	6.51%
12 Months	44.05%	33.93%

271 Overlapping Holdings

Symbol	Grade	Weight in FAD	Weight in ONEQ	Overlap
AAON	B	0.2%	0.04%	0.04%
AAPL	C	0.17%	11.32%	0.17%
ACAD	D	0.03%	0.01%	0.01%
ACGL	D	0.37%	0.13%	0.13%
ACIW	B	0.22%	0.02%	0.02%
ACLX	C	0.13%	0.02%	0.02%
ACVA	B	0.05%	0.01%	0.01%
ADMA	B	0.12%	0.01%	0.01%
ADP	B	0.09%	0.4%	0.09%
ADSK	A	0.19%	0.21%	0.19%
ADUS	D	0.06%	0.01%	0.01%
AFRM	B	0.32%	0.05%	0.05%
AGIO	C	0.11%	0.01%	0.01%
AGNC	D	0.08%	0.02%	0.02%
AGYS	A	0.05%	0.01%	0.01%
ALHC	C	0.11%	0.01%	0.01%
ALKT	B	0.11%	0.02%	0.02%
ALNY	D	0.29%	0.1%	0.1%
AMGN	D	0.15%	0.5%	0.15%
AMPH	D	0.06%	0.01%	0.01%
AMRX	C	0.12%	0.01%	0.01%
AMZN	C	0.18%	7.05%	0.18%
ANIP	F	0.04%	0.01%	0.01%
APOG	B	0.08%	0.01%	0.01%
APP	B	0.96%	0.28%	0.28%
APPF	B	0.04%	0.02%	0.02%
APPN	B	0.03%	0.01%	0.01%
ARDX	F	0.03%	0.01%	0.01%
ASTH	D	0.08%	0.01%	0.01%
AUR	C	0.17%	0.02%	0.02%
AVAV	D	0.16%	0.02%	0.02%
AVGO	D	0.32%	2.53%	0.32%
AXON	A	0.63%	0.14%	0.14%
AXSM	B	0.13%	0.02%	0.02%
AZTA	D	0.02%	0.01%	0.01%
BANF	B	0.08%	0.02%	0.02%
BCPC	B	0.08%	0.02%	0.02%
BCRX	D	0.09%	0.01%	0.01%
BEAM	D	0.02%	0.01%	0.01%
BGC	C	0.08%	0.02%	0.02%
BKNG	A	0.29%	0.54%	0.29%
BL	B	0.02%	0.01%	0.01%
BLBD	D	0.08%	0.01%	0.01%
BLKB	B	0.08%	0.02%	0.02%
BPMC	C	0.08%	0.02%	0.02%
BRKR	D	0.03%	0.03%	0.03%
CAKE	C	0.08%	0.01%	0.01%
CALM	A	0.12%	0.02%	0.02%
CARG	C	0.08%	0.01%	0.01%
CASY	A	0.27%	0.05%	0.05%
CBSH	A	0.1%	0.03%	0.03%
CCOI	B	0.1%	0.02%	0.02%
CEG	D	0.37%	0.23%	0.23%
CENX	B	0.1%	0.01%	0.01%
CHCO	B	0.08%	0.01%	0.01%
CHDN	B	0.09%	0.03%	0.03%
CHEF	A	0.12%	0.01%	0.01%
CIFR	B	0.08%	0.01%	0.01%
CLDX	F	0.02%	0.01%	0.01%
CLSK	C	0.06%	0.01%	0.01%
CMPR	D	0.05%	0.01%	0.01%
COIN	C	0.31%	0.21%	0.21%
COKE	C	0.19%	0.03%	0.03%
COLL	F	0.07%	0.01%	0.01%
CORT	B	0.24%	0.02%	0.02%
COST	B	0.35%	1.33%	0.35%
CPRX	C	0.1%	0.01%	0.01%
CRAI	B	0.1%	0.01%	0.01%
CRDO	B	0.16%	0.02%	0.02%
CRNX	C	0.04%	0.02%	0.02%
CROX	D	0.08%	0.02%	0.02%
CRUS	D	0.1%	0.02%	0.02%
CRVL	A	0.18%	0.02%	0.02%
CRWD	B	0.1%	0.26%	0.1%
CSWI	A	0.23%	0.03%	0.03%
CTAS	B	0.35%	0.27%	0.27%
CVLT	B	0.22%	0.03%	0.03%
CWST	A	0.09%	0.02%	0.02%
DASH	A	0.51%	0.22%	0.22%
DBX	B	0.09%	0.02%	0.02%
DKNG	B	0.09%	0.06%	0.06%
DNLI	D	0.04%	0.01%	0.01%
DOCU	A	0.16%	0.05%	0.05%
DORM	B	0.11%	0.02%	0.02%
DRVN	B	0.06%	0.01%	0.01%
DUOL	A	0.23%	0.04%	0.04%
EEFT	B	0.09%	0.02%	0.02%
ENSG	D	0.21%	0.02%	0.02%
ENVX	F	0.02%	0.01%	0.01%
EQIX	A	0.08%	0.28%	0.08%
ERIE	D	0.32%	0.07%	0.07%
EWBC	A	0.21%	0.05%	0.05%
EXEL	B	0.22%	0.04%	0.04%
EXLS	B	0.19%	0.02%	0.02%
EXPE	B	0.51%	0.07%	0.07%
EXPO	D	0.07%	0.02%	0.02%
FAST	B	0.09%	0.16%	0.09%
FCNCA	A	0.4%	0.1%	0.1%
FFIN	B	0.19%	0.02%	0.02%
FFIV	B	0.14%	0.04%	0.04%
FLNC	C	0.06%	0.01%	0.01%
FOLD	F	0.02%	0.01%	0.01%
FRPT	B	0.18%	0.02%	0.02%
FSLR	F	0.33%	0.07%	0.07%
FTDR	A	0.14%	0.02%	0.02%
FTNT	C	0.29%	0.24%	0.24%
GABC	B	0.08%	0.01%	0.01%
GEN	B	0.36%	0.06%	0.06%
GERN	D	0.08%	0.01%	0.01%
GH	B	0.05%	0.02%	0.02%
GLPI	C	0.08%	0.04%	0.04%
GOOGL	C	0.09%	3.35%	0.09%
GSHD	A	0.13%	0.02%	0.02%
GTX	D	0.05%	0.01%	0.01%
HALO	F	0.12%	0.02%	0.02%
HEES	B	0.06%	0.01%	0.01%
HLIT	D	0.06%	0.01%	0.01%
HLNE	B	0.24%	0.03%	0.03%
HOOD	B	0.5%	0.08%	0.08%
HRMY	D	0.08%	0.01%	0.01%
HURN	B	0.08%	0.01%	0.01%
HWKN	B	0.12%	0.01%	0.01%
IAS	C	0.05%	0.01%	0.01%
IBKR	A	0.22%	0.07%	0.07%
IBOC	A	0.15%	0.02%	0.02%
ICFI	F	0.06%	0.01%	0.01%
IDCC	A	0.16%	0.01%	0.01%
IESC	B	0.16%	0.02%	0.02%
INSM	C	0.11%	0.03%	0.03%
INTA	A	0.11%	0.02%	0.02%
IOVA	F	0.06%	0.01%	0.01%
IPAR	B	0.04%	0.02%	0.02%
IRDM	D	0.02%	0.01%	0.01%
ISRG	A	0.27%	0.61%	0.27%
ITCI	C	0.09%	0.03%	0.03%
ITRI	B	0.22%	0.02%	0.02%
JAMF	F	0.02%	0.01%	0.01%
JANX	C	0.1%	0.01%	0.01%
JJSF	B	0.05%	0.01%	0.01%
KLAC	D	0.07%	0.27%	0.07%
KTOS	B	0.07%	0.02%	0.02%
KYMR	D	0.11%	0.01%	0.01%
LAMR	D	0.08%	0.03%	0.03%
LCID	F	0.03%	0.02%	0.02%
LFST	C	0.1%	0.01%	0.01%
LGND	B	0.05%	0.01%	0.01%
LIN	D	0.08%	0.69%	0.08%
LITE	B	0.09%	0.02%	0.02%
LKFN	B	0.05%	0.01%	0.01%
LMAT	A	0.11%	0.01%	0.01%
LNTH	D	0.14%	0.02%	0.02%
LNW	D	0.04%	0.03%	0.03%
LOPE	B	0.05%	0.02%	0.02%
LPLA	A	0.11%	0.08%	0.08%
LYFT	C	0.06%	0.02%	0.02%
MANH	D	0.24%	0.06%	0.06%
MAR	B	0.19%	0.25%	0.19%
MARA	C	0.05%	0.02%	0.02%
MASI	A	0.05%	0.03%	0.03%
MBIN	D	0.08%	0.01%	0.01%
MEDP	D	0.04%	0.03%	0.03%
META	D	0.33%	4.0%	0.33%
MGEE	C	0.06%	0.02%	0.02%
MGNI	A	0.08%	0.01%	0.01%
MIRM	B	0.1%	0.01%	0.01%
MKTX	D	0.09%	0.04%	0.04%
MMSI	B	0.18%	0.02%	0.02%
MNKD	C	0.1%	0.01%	0.01%
MORN	B	0.04%	0.05%	0.04%
MPWR	F	0.11%	0.09%	0.09%
MSTR	C	0.19%	0.2%	0.19%
MTCH	D	0.1%	0.03%	0.03%
MU	D	0.08%	0.35%	0.08%
MYGN	F	0.04%	0.01%	0.01%
NDAQ	A	0.27%	0.15%	0.15%
NEO	C	0.05%	0.01%	0.01%
NFLX	A	0.29%	1.17%	0.29%
NMIH	D	0.09%	0.01%	0.01%
NPAB	B	0.09%	0.01%	0.01%
NSSC	D	0.02%	0.01%	0.01%
NTAP	C	0.24%	0.08%	0.08%
NTNX	A	0.05%	0.06%	0.05%
NTRA	B	0.25%	0.06%	0.06%
NTRS	A	0.41%	0.07%	0.07%
NVDA	C	0.39%	11.52%	0.39%
OLLI	D	0.12%	0.02%	0.02%
ONB	B	0.14%	0.02%	0.02%
ORLY	B	0.18%	0.23%	0.18%
OSIS	B	0.07%	0.01%	0.01%
OSW	A	0.11%	0.01%	0.01%
PANW	C	0.19%	0.41%	0.19%
PAYO	A	0.17%	0.02%	0.02%
PAYX	C	0.09%	0.17%	0.09%
PCTY	B	0.1%	0.04%	0.04%
PEGA	A	0.19%	0.03%	0.03%
PI	D	0.14%	0.02%	0.02%
PLAY	D	0.03%	0.01%	0.01%
PLMR	B	0.11%	0.01%	0.01%
PODD	C	0.19%	0.06%	0.06%
POWL	C	0.16%	0.01%	0.01%
PRCT	B	0.14%	0.02%	0.02%
PRGS	A	0.09%	0.01%	0.01%
PTCT	B	0.1%	0.01%	0.01%
PTGX	C	0.11%	0.01%	0.01%
QCOM	F	0.08%	0.59%	0.08%
RARE	D	0.1%	0.01%	0.01%
RDNT	B	0.24%	0.02%	0.02%
REG	B	0.09%	0.04%	0.04%
RGLD	C	0.04%	0.03%	0.03%
RIVN	F	0.15%	0.04%	0.04%
RKLB	B	0.24%	0.04%	0.04%
RNA	D	0.11%	0.01%	0.01%
ROAD	A	0.16%	0.02%	0.02%
ROIV	C	0.04%	0.03%	0.03%
ROST	C	0.16%	0.15%	0.15%
RRR	D	0.02%	0.01%	0.01%
RUN	F	0.09%	0.01%	0.01%
RVMD	C	0.1%	0.03%	0.03%
RXST	F	0.04%	0.01%	0.01%
RYTM	C	0.13%	0.01%	0.01%
SABR	C	0.1%	0.01%	0.01%
SATS	D	0.11%	0.01%	0.01%
SBAC	D	0.08%	0.08%	0.08%
SBRA	C	0.12%	0.02%	0.02%
SFM	A	0.27%	0.05%	0.05%
SITM	B	0.08%	0.02%	0.02%
SKWD	A	0.12%	0.01%	0.01%
SKYW	B	0.12%	0.02%	0.02%
SMPL	B	0.03%	0.01%	0.01%
SMTC	B	0.1%	0.01%	0.01%
SOFI	A	0.3%	0.05%	0.05%
SOUN	C	0.03%	0.01%	0.01%
STEP	B	0.14%	0.02%	0.02%
STRA	C	0.02%	0.01%	0.01%
STRL	B	0.15%	0.02%	0.02%
SYBT	B	0.11%	0.01%	0.01%
TBBK	B	0.13%	0.02%	0.02%
TECH	D	0.03%	0.04%	0.03%
TGTX	B	0.15%	0.02%	0.02%
TMDX	F	0.09%	0.01%	0.01%
TMUS	B	0.39%	0.89%	0.39%
TNDM	F	0.05%	0.01%	0.01%
TPG	A	0.19%	0.02%	0.02%
TRMB	B	0.05%	0.06%	0.05%
TRUP	B	0.15%	0.01%	0.01%
TSCO	D	0.23%	0.1%	0.1%
TSLA	B	0.22%	3.4%	0.22%
TTD	B	0.26%	0.17%	0.17%
TTEK	F	0.18%	0.04%	0.04%
TW	A	0.13%	0.05%	0.05%
TWST	D	0.06%	0.01%	0.01%
TXRH	C	0.18%	0.04%	0.04%
UFPT	B	0.08%	0.01%	0.01%
USLM	A	0.14%	0.02%	0.02%
UTHR	C	0.42%	0.05%	0.05%
VCTR	B	0.11%	0.02%	0.02%
VCYT	B	0.13%	0.01%	0.01%
VECO	F	0.02%	0.01%	0.01%
VERX	B	0.09%	0.02%	0.02%
VITL	D	0.08%	0.01%	0.01%
VRNS	D	0.11%	0.02%	0.02%
VRRM	D	0.07%	0.02%	0.02%
VRTX	F	0.08%	0.39%	0.08%
WABC	B	0.03%	0.01%	0.01%
WDAY	B	0.09%	0.18%	0.09%
WDFC	B	0.05%	0.02%	0.02%
WEN	D	0.02%	0.01%	0.01%
WING	D	0.1%	0.03%	0.03%
WULF	C	0.14%	0.01%	0.01%
WWD	B	0.12%	0.03%	0.03%
WYNN	D	0.12%	0.03%	0.03%

FAD Overweight 369 Positions Relative to ONEQ

Symbol	Grade	Weight
PLTR	B	0.69%
CVNA	B	0.59%
TRGP	B	0.57%
RCL	A	0.55%
VRT	B	0.52%
VST	B	0.52%
GDDY	A	0.5%
GS	A	0.5%
EME	C	0.49%
KKR	A	0.49%
FICO	B	0.49%
HWM	A	0.48%
BK	A	0.46%
PWR	A	0.46%
CCL	B	0.45%
WAB	B	0.45%
HEI	B	0.44%
BURL	A	0.44%
TT	A	0.44%
AXP	A	0.44%
ALL	A	0.44%
PGR	A	0.43%
NRG	B	0.43%
URI	B	0.43%
CPNG	D	0.42%
VTR	C	0.42%
AMP	A	0.41%
LYV	A	0.41%
IRM	D	0.41%
FI	A	0.4%
GRMN	B	0.4%
RBLX	C	0.39%
THC	D	0.39%
TPL	A	0.39%
JPM	A	0.39%
NOW	A	0.38%
PM	B	0.37%
ORCL	B	0.37%
MSI	B	0.37%
PH	A	0.37%
BRO	B	0.36%
PCG	A	0.36%
BSX	B	0.36%
LII	A	0.35%
HCA	F	0.35%
PEG	A	0.34%
ANET	C	0.33%
RMD	C	0.33%
CAT	B	0.33%
SHW	A	0.33%
IBM	C	0.32%
GE	D	0.32%
APO	B	0.32%
NEE	D	0.31%
TDG	D	0.3%
BAH	F	0.29%
GWW	B	0.28%
HLT	A	0.27%
DECK	A	0.27%
HUBB	B	0.26%
AJG	B	0.26%
BR	A	0.26%
WELL	A	0.26%
WSO	A	0.26%
AX	A	0.26%
MCO	B	0.25%
PIPR	B	0.25%
TJX	A	0.25%
QTWO	A	0.25%
BRK.A	B	0.25%
TYL	B	0.25%
ALSN	B	0.25%
FOUR	B	0.24%
ECL	D	0.24%
SPGI	C	0.24%
FIX	A	0.24%
LVS	C	0.24%
SO	D	0.24%
CSL	C	0.24%
ICE	C	0.24%
SFBS	B	0.24%
VLTO	D	0.23%
UBER	D	0.23%
PSA	D	0.23%
KTB	B	0.23%
CRS	A	0.23%
TOST	B	0.23%
KNF	A	0.22%
COHR	B	0.22%
XYL	D	0.22%
CW	B	0.22%
MOG.A	B	0.22%
CL	D	0.22%
EFX	F	0.21%
DY	D	0.21%
AMT	D	0.21%
WMB	A	0.21%
IOT	A	0.21%
CPAY	A	0.2%
MOD	A	0.2%
AIT	A	0.2%
DVA	B	0.2%
LTH	C	0.2%
MO	A	0.19%
PSN	D	0.19%
HIMS	B	0.19%
GMED	A	0.19%
EAT	A	0.19%
DELL	C	0.19%
HLI	B	0.19%
RSG	A	0.18%
DOV	A	0.18%
GWRE	A	0.18%
ATI	D	0.18%
RL	B	0.18%
SPG	B	0.18%
APH	A	0.18%
ARES	A	0.18%
ETN	A	0.18%
SLG	B	0.18%
CACI	D	0.18%
BOOT	D	0.17%
ROL	B	0.17%
TKO	B	0.17%
MMC	B	0.17%
CBOE	B	0.17%
AZO	C	0.17%
ADC	B	0.17%
ANF	C	0.17%
ITT	A	0.17%
EHC	B	0.17%
ITGR	B	0.17%
IT	C	0.17%
KEX	C	0.17%
EXP	A	0.17%
IR	B	0.17%
HRB	D	0.16%
NCLH	B	0.16%
BFAM	D	0.16%
FSS	B	0.16%
MCD	D	0.16%
VICI	C	0.16%
CBT	C	0.16%
BMI	B	0.16%
EPRT	B	0.16%
PRIM	A	0.16%
OTIS	C	0.16%
BCO	D	0.16%
BWXT	B	0.15%
AWI	A	0.15%
KO	D	0.15%
BLD	D	0.15%
WSM	B	0.15%
GVA	A	0.15%
AYI	B	0.15%
KAI	A	0.15%
LMND	B	0.15%
PLNT	A	0.15%
WWW	B	0.15%
BRBR	A	0.15%
O	D	0.15%
EXR	D	0.15%
SCI	B	0.14%
ZETA	D	0.14%
WHD	B	0.14%
CNK	B	0.14%
S	B	0.14%
LLY	F	0.14%
IBP	D	0.14%
ATGE	B	0.14%
PJT	A	0.14%
MCY	A	0.14%
HOMB	A	0.14%
PRI	A	0.14%
LRN	A	0.14%
ENVA	B	0.14%
SMG	D	0.14%
DOCS	C	0.14%
FLS	B	0.14%
QCRH	A	0.14%
CLH	B	0.13%
BDC	B	0.13%
REVG	B	0.13%
BOX	B	0.13%
TRN	C	0.13%
CNS	B	0.13%
HASI	D	0.13%
RYAN	B	0.13%
NYT	C	0.12%
NHC	C	0.12%
DSGR	D	0.12%
ALLE	D	0.12%
SLVM	B	0.12%
DKS	C	0.12%
OHI	C	0.12%
HNI	B	0.12%
DT	C	0.12%
PBI	B	0.12%
AZEK	A	0.12%
DTM	B	0.11%
MWA	B	0.11%
PRK	B	0.11%
NBHC	B	0.11%
PRM	C	0.11%
CWAN	B	0.11%
CDE	D	0.11%
PTON	B	0.11%
SGBX	F	0.11%
OUT	A	0.1%
ESAB	B	0.1%
GME	C	0.1%
AORT	B	0.1%
CRM	B	0.1%
CFR	B	0.1%
TGLS	B	0.1%
INSP	D	0.1%
CHWY	B	0.1%
AES	F	0.09%
ORA	B	0.09%
IRT	A	0.09%
RHP	B	0.09%
WM	A	0.09%
CHD	B	0.09%
ATR	B	0.09%
MA	C	0.09%
BRX	A	0.09%
GKOS	B	0.09%
MSGS	A	0.09%
SYK	C	0.09%
WTTR	B	0.09%
MKL	A	0.09%
AON	A	0.09%
OSCR	D	0.09%
AXTA	A	0.09%
DLR	B	0.09%
GPN	B	0.09%
YOU	D	0.09%
WTM	A	0.09%
RLI	B	0.09%
FBP	B	0.09%
CUBE	D	0.08%
UE	C	0.08%
OII	B	0.08%
RNG	B	0.08%
KMB	D	0.08%
ESE	B	0.08%
SHAK	C	0.08%
GPK	C	0.08%
GAP	C	0.08%
CPT	B	0.08%
PG	A	0.08%
WAT	B	0.08%
CTRE	D	0.08%
WT	B	0.08%
KNSL	B	0.08%
MSCI	C	0.08%
AVB	B	0.08%
SEMR	B	0.08%
CMG	B	0.08%
ESS	B	0.08%
KRG	B	0.08%
ITW	B	0.08%
PMT	D	0.07%
CWT	D	0.07%
AOS	F	0.07%
WRBY	B	0.07%
ESRT	C	0.07%
NRIX	D	0.07%
FND	C	0.07%
A	D	0.07%
KN	B	0.07%
AAT	B	0.07%
FCN	D	0.07%
CCI	D	0.07%
AZZ	B	0.07%
ZTS	D	0.07%
GFF	A	0.07%
IIPR	D	0.06%
GTLS	B	0.06%
TNL	A	0.06%
AROC	B	0.06%
BLFS	C	0.06%
CEIX	A	0.06%
ASPN	F	0.06%
KNTK	B	0.06%
NSA	D	0.06%
DOCN	D	0.06%
MTD	D	0.06%
BRC	D	0.06%
NHI	D	0.06%
AESI	B	0.05%
SXT	B	0.05%
CHH	A	0.05%
UMH	C	0.05%
KW	B	0.05%
AIV	C	0.05%
SCS	C	0.05%
FCPT	C	0.05%
CDP	C	0.05%
SWI	B	0.05%
GATX	A	0.05%
OCUL	D	0.05%
GTY	B	0.05%
ARQT	C	0.05%
NXRT	B	0.05%
OWL	A	0.05%
CPK	A	0.05%
DAY	B	0.05%
KD	B	0.05%
MAC	B	0.05%
SKT	B	0.05%
BANC	A	0.05%
AGM	C	0.05%
SXI	B	0.05%
BKD	D	0.05%
EPAC	B	0.05%
PAYC	B	0.05%
NNN	D	0.04%
ELAN	D	0.04%
CHE	D	0.04%
EGP	F	0.04%
SSD	D	0.04%
FR	C	0.04%
CDRE	D	0.04%
HUMA	F	0.04%
PHR	F	0.04%
NEU	C	0.04%
UDR	B	0.04%
CNM	D	0.04%
H	B	0.04%
EVH	F	0.04%
AM	A	0.04%
ESI	A	0.04%
DCI	B	0.04%
ALX	D	0.04%
EPR	D	0.04%
ELME	D	0.04%
MAIN	A	0.04%
NVAX	F	0.04%
HLX	B	0.04%
RBC	A	0.04%
GOLF	B	0.04%
MLNK	B	0.03%
APAM	B	0.03%
CTS	C	0.03%
CARS	B	0.03%
CBZ	B	0.03%
TDW	F	0.03%
PAR	B	0.03%
U	C	0.03%
MIR	A	0.03%
TGI	B	0.03%
RLAY	F	0.02%
XPRO	F	0.02%
LPG	F	0.02%
JOE	F	0.02%
GNL	F	0.02%
PZZA	D	0.02%
TNC	D	0.02%
ARLO	C	0.02%
BXMT	C	0.02%
AMC	C	0.02%
FBRT	C	0.02%
AWR	B	0.02%
YELP	C	0.02%
THR	B	0.02%
LTC	B	0.02%
TR	B	0.02%
CLB	B	0.02%

FAD Underweight 559 Positions Relative to ONEQ

Symbol	Grade	Weight
MSFT	F	-10.23%
GOOG	C	-3.22%
CSCO	B	-0.76%
ADBE	C	-0.74%
AMD	F	-0.72%
PEP	F	-0.7%
INTU	C	-0.63%
TXN	C	-0.59%
CMCSA	B	-0.54%
HON	B	-0.49%
AMAT	F	-0.46%
SBUX	A	-0.37%
GILD	C	-0.36%
INTC	D	-0.35%
ADI	D	-0.34%
MELI	D	-0.32%
LRCX	F	-0.3%
PYPL	B	-0.29%
MDLZ	F	-0.28%
REGN	F	-0.27%
CME	A	-0.27%
CDNS	B	-0.26%
SNPS	B	-0.26%
MRVL	B	-0.25%
PDD	F	-0.25%
ASML	F	-0.21%
CSX	B	-0.21%
CHTR	C	-0.19%
ABNB	C	-0.19%
ROP	B	-0.19%
PCAR	B	-0.19%
CPRT	A	-0.18%
NXPI	D	-0.18%
FANG	D	-0.17%
MNST	C	-0.17%
AEP	D	-0.16%
ODFL	B	-0.15%
EA	A	-0.14%
KDP	D	-0.14%
BKR	B	-0.14%
CTSH	B	-0.13%
EXC	C	-0.13%
DDOG	A	-0.13%
TEAM	A	-0.13%
VRSK	A	-0.13%
XEL	A	-0.13%
AZN	D	-0.12%
GEHC	F	-0.12%
KHC	F	-0.12%
LULU	C	-0.12%
WTW	B	-0.11%
MCHP	D	-0.11%
CCEP	C	-0.11%
IDXX	F	-0.11%
UAL	A	-0.1%
ON	D	-0.1%
ZS	C	-0.1%
CSGP	D	-0.1%
DXCM	D	-0.1%
EBAY	D	-0.1%
TTWO	A	-0.1%
ANSS	B	-0.09%
FITB	A	-0.09%
GFS	C	-0.08%
CDW	F	-0.08%
WBD	C	-0.08%
TCOM	B	-0.08%
BIIB	F	-0.08%
HBAN	A	-0.08%
TROW	B	-0.08%
ZBRA	B	-0.07%
STX	D	-0.07%
ZM	B	-0.07%
WDC	D	-0.07%
MDB	C	-0.07%
STLD	B	-0.07%
PTC	A	-0.07%
CINF	A	-0.07%
ILMN	D	-0.07%
HOLX	D	-0.06%
SSNC	B	-0.06%
VRSN	F	-0.06%
ALGN	D	-0.06%
JD	D	-0.06%
JBHT	C	-0.06%
CG	A	-0.06%
TER	D	-0.06%
ARGX	A	-0.06%
GRAB	B	-0.06%
CHKP	D	-0.06%
PFG	D	-0.06%
NDSN	B	-0.05%
BSY	D	-0.05%
SAIA	B	-0.05%
MRNA	F	-0.05%
ENTG	D	-0.05%
INCY	C	-0.05%
SNY	F	-0.05%
LNT	A	-0.05%
VTRS	A	-0.05%
FLEX	A	-0.05%
ICLR	D	-0.05%
ARM	D	-0.05%
ULTA	F	-0.05%
SMCI	F	-0.04%
LECO	B	-0.04%
SEIC	B	-0.04%
HST	C	-0.04%
NWSA	B	-0.04%
NTES	D	-0.04%
RPRX	D	-0.04%
JKHY	D	-0.04%
PAA	B	-0.04%
LBRDK	C	-0.04%
NBIX	C	-0.04%
CHRW	C	-0.04%
BMRN	D	-0.04%
BIDU	F	-0.04%
LOGI	D	-0.04%
OKTA	C	-0.04%
SWKS	F	-0.04%
MNDY	C	-0.04%
Z	A	-0.04%
CPB	D	-0.04%
SMMT	D	-0.04%
CYBR	B	-0.04%
AKAM	D	-0.04%
PPC	C	-0.04%
POOL	C	-0.04%
EVRG	A	-0.04%
DLTR	F	-0.04%
CZR	F	-0.03%
BOKF	B	-0.03%
SAIC	F	-0.03%
HSIC	B	-0.03%
ZION	B	-0.03%
COLB	A	-0.03%
CHRD	D	-0.03%
GLBE	B	-0.03%
PNFP	B	-0.03%
APA	D	-0.03%
GTLB	B	-0.03%
OTEX	D	-0.03%
FRHC	B	-0.03%
ENPH	F	-0.03%
SIRI	C	-0.03%
NICE	C	-0.03%
ROKU	D	-0.03%
FOX	A	-0.03%
AAL	B	-0.03%
HQY	B	-0.03%
PARA	C	-0.03%
HAS	D	-0.03%
DOX	D	-0.03%
FYBR	D	-0.03%
LKQ	D	-0.03%
BGNE	D	-0.03%
EXAS	D	-0.03%
FUTU	D	-0.03%
PCVX	D	-0.03%
MTSI	B	-0.03%
FOXA	B	-0.03%
BNTX	D	-0.03%
SRPT	D	-0.03%
WIX	B	-0.03%
WTFC	A	-0.03%
ARLP	A	-0.02%
CLBT	B	-0.02%
SFNC	B	-0.02%
OZK	B	-0.02%
VIRT	B	-0.02%
WBA	F	-0.02%
WSFS	A	-0.02%
GLNG	C	-0.02%
QFIN	B	-0.02%
FRSH	C	-0.02%
ALGM	D	-0.02%
CVCO	A	-0.02%
CATY	B	-0.02%
AEIS	B	-0.02%
KRYS	B	-0.02%
NWS	B	-0.02%
LI	F	-0.02%
CHCI	D	-0.02%
NWL	B	-0.02%
COLM	B	-0.02%
BBIO	F	-0.02%
VICR	B	-0.02%
LANC	C	-0.02%
RUSHA	C	-0.02%
ICUI	D	-0.02%
TFSL	A	-0.02%
FIVE	F	-0.02%
SHC	F	-0.02%
FIZZ	C	-0.02%
CACC	D	-0.02%
TCBI	B	-0.02%
ALKS	B	-0.02%
IEP	F	-0.02%
WMG	C	-0.02%
PECO	A	-0.02%
SANM	B	-0.02%
DJT	C	-0.02%
PLXS	B	-0.02%
TIGO	D	-0.02%
LSTR	D	-0.02%
NUVL	D	-0.02%
IONS	F	-0.02%
VKTX	F	-0.02%
NCNO	B	-0.02%
QLYS	C	-0.02%
BECN	B	-0.02%
FELE	B	-0.02%
CYTK	F	-0.02%
RMBS	C	-0.02%
COOP	B	-0.02%
TENB	C	-0.02%
VLY	B	-0.02%
BPOP	B	-0.02%
CHX	C	-0.02%
HWC	B	-0.02%
ALTR	B	-0.02%
GNTX	C	-0.02%
SLM	A	-0.02%
AMKR	D	-0.02%
CELH	F	-0.02%
ETSY	D	-0.02%
NXST	C	-0.02%
REYN	D	-0.02%
HTHT	D	-0.02%
WFRD	D	-0.02%
ACT	D	-0.02%
UBSI	B	-0.02%
QXO	D	-0.02%
LFUS	F	-0.02%
WSC	D	-0.02%
UPST	B	-0.02%
CGNX	C	-0.02%
RCM	F	-0.02%
MDGL	B	-0.02%
SIGI	C	-0.02%
QRVO	F	-0.02%
UMBF	B	-0.02%
CFLT	B	-0.02%
RGEN	D	-0.02%
NOVT	D	-0.02%
XP	F	-0.02%
UFPI	B	-0.02%
MAT	D	-0.02%
MMYT	B	-0.02%
MIDD	C	-0.02%
OLED	D	-0.02%
SPSC	C	-0.02%
LSCC	D	-0.02%
JAZZ	B	-0.02%
ASND	D	-0.02%
MKSI	C	-0.02%
SRAD	A	-0.01%
BFST	C	-0.01%
AMWD	C	-0.01%
KRUS	B	-0.01%
ODP	F	-0.01%
WOOF	D	-0.01%
BLMN	F	-0.01%
PGNY	F	-0.01%
LQDA	D	-0.01%
PSNY	F	-0.01%
GRFS	C	-0.01%
JACK	D	-0.01%
IQ	F	-0.01%
CNTA	B	-0.01%
BCYC	F	-0.01%
GSM	D	-0.01%
CNSL	C	-0.01%
SAVA	D	-0.01%
MOMO	D	-0.01%
EBTC	B	-0.01%
EMBC	C	-0.01%
GDEN	B	-0.01%
GIII	D	-0.01%
IMKTA	C	-0.01%
BVS	D	-0.01%
LILAK	D	-0.01%
TRS	B	-0.01%
COGT	D	-0.01%
MATW	C	-0.01%
EYE	C	-0.01%
BCBP	A	-0.01%
CLOV	D	-0.01%
RCKT	F	-0.01%
SDGR	C	-0.01%
BMBL	C	-0.01%
TRNS	D	-0.01%
MGPI	F	-0.01%
PYCR	C	-0.01%
AMRK	F	-0.01%
PLUG	F	-0.01%
ICHR	C	-0.01%
TTGT	C	-0.01%
TRDA	B	-0.01%
STAA	F	-0.01%
ASTL	B	-0.01%
KC	A	-0.01%
VRNT	C	-0.01%
HROW	D	-0.01%
SPRY	D	-0.01%
AOSL	C	-0.01%
THRM	D	-0.01%
IRON	B	-0.01%
TLRY	F	-0.01%
SCVL	F	-0.01%
OPK	C	-0.01%
CBRL	C	-0.01%
NVEE	F	-0.01%
AMED	F	-0.01%
ISTR	B	-0.01%
COHU	C	-0.01%
TH	C	-0.01%
IMCR	D	-0.01%
PLYA	B	-0.01%
FFIC	B	-0.01%
VIR	D	-0.01%
AVAH	B	-0.01%
WASH	C	-0.01%
GLUE	C	-0.01%
PDFS	C	-0.01%
OLPX	D	-0.01%
HTLD	B	-0.01%
IBUY	A	-0.01%
KURA	F	-0.01%
CEVA	B	-0.01%
FWRD	D	-0.01%
MLCO	F	-0.01%
HAFC	A	-0.01%
RNW	D	-0.01%
AVO	C	-0.01%
SPT	C	-0.01%
CMCO	B	-0.01%
KALU	C	-0.01%
FWRG	C	-0.01%
TXG	F	-0.01%
CNDT	C	-0.01%
VRDN	D	-0.01%
BASE	C	-0.01%
FLYW	C	-0.01%
DOOO	F	-0.01%
PFC	A	-0.01%
DAWN	F	-0.01%
UCTT	D	-0.01%
SNDX	F	-0.01%
MRTN	C	-0.01%
SIMO	D	-0.01%
UDMY	F	-0.01%
WB	D	-0.01%
AHCO	F	-0.01%
LBRDA	C	-0.01%
SPNS	F	-0.01%
INMD	C	-0.01%
PLAB	C	-0.01%
KRNT	C	-0.01%
RDWR	B	-0.01%
TVTX	B	-0.01%
DLO	C	-0.01%
XRX	F	-0.01%
SCSC	B	-0.01%
FTRE	D	-0.01%
NAVI	C	-0.01%
INFN	C	-0.01%
INVA	D	-0.01%
UNIT	B	-0.01%
PDCO	D	-0.01%
ECPG	B	-0.01%
HBNC	B	-0.01%
CENTA	C	-0.01%
ARVN	D	-0.01%
MBUU	C	-0.01%
QNST	B	-0.01%
SAFT	C	-0.01%
ANDE	D	-0.01%
ACLS	F	-0.01%
MCRI	A	-0.01%
ATEX	D	-0.01%
WINA	B	-0.01%
HAIN	C	-0.01%
IREN	C	-0.01%
PCT	C	-0.01%
NVCR	C	-0.01%
CRTO	C	-0.01%
AMSF	B	-0.01%
FA	C	-0.01%
PEBO	A	-0.01%
MSEX	B	-0.01%
PFBC	B	-0.01%
TCBK	B	-0.01%
ULH	B	-0.01%
NEXT	B	-0.01%
AKRO	B	-0.01%
GDYN	B	-0.01%
UPBD	B	-0.01%
PAGP	A	-0.01%
AXNX	C	-0.01%
AUPH	B	-0.01%
CNXN	C	-0.01%
SBLK	F	-0.01%
DGII	B	-0.01%
CSGS	B	-0.01%
HTZ	C	-0.01%
OCFC	B	-0.01%
MQ	F	-0.01%
ERII	D	-0.01%
LBPH	A	-0.01%
VC	D	-0.01%
MLKN	D	-0.01%
AY	B	-0.01%
ATSG	B	-0.01%
DVAX	C	-0.01%
TARS	B	-0.01%
BUSE	B	-0.01%
DNUT	D	-0.01%
VSEC	C	-0.01%
IDYA	F	-0.01%
TRMD	F	-0.01%
ZLAB	C	-0.01%
INBK	B	-0.01%
HPK	B	-0.01%
RIOT	C	-0.01%
LGIH	D	-0.01%
ULCC	D	-0.01%
DYN	F	-0.01%
DIOD	D	-0.01%
VMEO	B	-0.01%
VERA	B	-0.01%
ATAT	C	-0.01%
NWBI	B	-0.01%
ROIC	A	-0.01%
EXTR	B	-0.01%
BILI	D	-0.01%
EVCM	B	-0.01%
HOPE	B	-0.01%
SUPN	C	-0.01%
STBA	B	-0.01%
XNCR	B	-0.01%
CNXC	F	-0.01%
NTCT	C	-0.01%
PTVE	B	-0.01%
GDS	C	-0.01%
YY	C	-0.01%
PLUS	F	-0.01%
PRDO	B	-0.01%
ROCK	C	-0.01%
RPD	C	-0.01%
WERN	C	-0.01%
IRTC	D	-0.01%
VBTX	B	-0.01%
SASR	B	-0.01%
XPEL	C	-0.01%
LAUR	A	-0.01%
DCOM	A	-0.01%
NMRK	B	-0.01%
CGON	F	-0.01%
PRVA	B	-0.01%
ARWR	F	-0.01%
WSBC	A	-0.01%
NNBR	C	-0.01%
CAR	C	-0.01%
ARCB	C	-0.01%
CLBK	B	-0.01%
SBCF	A	-0.01%
PINC	B	-0.01%
TTMI	B	-0.01%
FRME	B	-0.01%
VRNA	B	-0.01%
CASH	A	-0.01%
KROS	D	-0.01%
PSMT	C	-0.01%
GOGL	F	-0.01%
OPCH	D	-0.01%
FORM	D	-0.01%
FIVN	C	-0.01%
STNE	F	-0.01%
EFSC	B	-0.01%
FBNC	A	-0.01%
XRAY	F	-0.01%
KLIC	B	-0.01%
LIVN	F	-0.01%
TRMK	B	-0.01%
GT	C	-0.01%
NWE	B	-0.01%
MYRG	B	-0.01%
ALRM	C	-0.01%
VIAV	B	-0.01%
FFBC	A	-0.01%
APLS	D	-0.01%
MRUS	F	-0.01%
TFIN	A	-0.01%
PLTK	B	-0.01%
HCP	B	-0.01%
GGAL	C	-0.01%
ASTE	B	-0.01%
FROG	C	-0.01%
JBLU	F	-0.01%
EWTX	C	-0.01%
SWTX	C	-0.01%
EXPI	C	-0.01%
NBTB	B	-0.01%
BRZE	C	-0.01%
SYNA	C	-0.01%
SHOO	D	-0.01%
VCEL	B	-0.01%
ERIC	B	-0.01%
MRCY	B	-0.01%
SGRY	F	-0.01%
BANR	B	-0.01%
OMCL	C	-0.01%
SRRK	B	-0.01%
MGRC	B	-0.01%
PPBI	B	-0.01%
PATK	D	-0.01%
ACHC	F	-0.01%
ATRC	C	-0.01%
INDB	B	-0.01%
IOSP	B	-0.01%
NARI	C	-0.01%
RBCAA	B	-0.01%
ZD	C	-0.01%
NEOG	F	-0.01%
ZG	A	-0.01%
TOWN	B	-0.01%
LEGN	F	-0.01%
AVT	C	-0.01%
SLAB	D	-0.01%
ESGR	B	-0.01%
VOD	F	-0.01%
POWI	D	-0.01%
OTTR	C	-0.01%
WVE	C	-0.01%
IAC	D	-0.01%
FULT	A	-0.01%
XENE	D	-0.01%
IBTX	B	-0.01%
URBN	C	-0.01%
PENN	C	-0.01%
BZ	F	-0.01%
AMBA	B	-0.01%
HUBG	A	-0.01%
CVBF	A	-0.01%
EBC	B	-0.01%
HTLF	B	-0.01%
PCH	D	-0.01%
BHF	B	-0.01%
FIBK	A	-0.01%
SNEX	B	-0.01%
WAFD	B	-0.01%
ASO	F	-0.01%
NSIT	F	-0.01%
FHB	A	-0.01%
IMVT	F	-0.01%
CRSP	D	-0.01%
PTEN	C	-0.01%