ONEQ vs. APIE ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Trust for Professional Managers ActivePassive International Equity ETF (APIE)

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

$74.78

Average Daily Volume

242,124

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

APIE

Trust for Professional Managers ActivePassive International Equity ETF

APIE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the S&P Classic ADR Composite Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of non-U.S. companies with varying market capitalizations.

Grade (RS Rating)

Last Trade

$28.80

Average Daily Volume

47,382

Number of Holdings ^*

212

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	APIE
30 Days	2.13%	-4.19%
60 Days	5.67%	-3.36%
90 Days	6.27%	-3.32%
12 Months	33.62%	11.90%

37 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in APIE	Overlap
ARGX	B	0.06%	0.1%	0.06%
ARM	F	0.05%	0.05%	0.05%
ASML	F	0.21%	1.22%	0.21%
ASND	F	0.02%	0.02%	0.02%
ATAT	C	0.01%	0.02%	0.01%
AZN	F	0.12%	1.25%	0.12%
BGNE	D	0.03%	0.1%	0.03%
BIDU	F	0.04%	0.05%	0.04%
BILI	D	0.01%	0.03%	0.01%
BNTX	C	0.03%	0.05%	0.03%
BZ	F	0.01%	0.02%	0.01%
CHKP	C	0.06%	0.31%	0.06%
CRTO	D	0.01%	0.12%	0.01%
DOOO	F	0.01%	0.13%	0.01%
ERIC	C	0.01%	0.34%	0.01%
FUTU	D	0.03%	0.08%	0.03%
GDS	C	0.01%	0.02%	0.01%
GGAL	B	0.01%	0.05%	0.01%
GRFS	C	0.01%	0.08%	0.01%
HTHT	D	0.02%	0.04%	0.02%
IQ	F	0.01%	0.0%	0.0%
JD	D	0.06%	0.38%	0.06%
KC	B	0.01%	0.0%	0.0%
LEGN	D	0.01%	0.01%	0.01%
LI	F	0.02%	0.08%	0.02%
LOGI	D	0.04%	0.25%	0.04%
MOMO	D	0.01%	0.02%	0.01%
NICE	D	0.03%	0.08%	0.03%
NTES	D	0.04%	0.12%	0.04%
PDD	F	0.25%	0.5%	0.25%
QFIN	A	0.02%	0.07%	0.02%
SIMO	D	0.01%	0.0%	0.0%
SNY	F	0.05%	0.72%	0.05%
TCOM	B	0.08%	0.29%	0.08%
VOD	F	0.01%	0.3%	0.01%
YY	B	0.01%	0.06%	0.01%
ZLAB	C	0.01%	0.02%	0.01%

ONEQ Overweight 793 Positions Relative to APIE

Symbol	Grade	Weight
NVDA	B	11.52%
AAPL	C	11.32%
MSFT	D	10.23%
AMZN	C	7.05%
META	D	4.0%
TSLA	B	3.4%
GOOGL	C	3.35%
GOOG	C	3.22%
AVGO	D	2.53%
COST	A	1.33%
NFLX	A	1.17%
TMUS	B	0.89%
CSCO	B	0.76%
ADBE	C	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	C	0.69%
INTU	B	0.63%
ISRG	A	0.61%
QCOM	F	0.59%
TXN	C	0.59%
BKNG	A	0.54%
CMCSA	B	0.54%
AMGN	F	0.5%
HON	C	0.49%
AMAT	F	0.46%
PANW	B	0.41%
ADP	A	0.4%
VRTX	D	0.39%
SBUX	A	0.37%
GILD	C	0.36%
INTC	C	0.35%
MU	D	0.35%
ADI	D	0.34%
MELI	C	0.32%
LRCX	F	0.3%
PYPL	B	0.29%
EQIX	A	0.28%
APP	B	0.28%
MDLZ	F	0.28%
CTAS	B	0.27%
REGN	F	0.27%
KLAC	F	0.27%
CME	B	0.27%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	B	0.26%
MRVL	B	0.25%
MAR	A	0.25%
FTNT	C	0.24%
CEG	C	0.23%
ORLY	B	0.23%
DASH	B	0.22%
COIN	C	0.21%
ADSK	A	0.21%
CSX	C	0.21%
MSTR	B	0.2%
CHTR	C	0.19%
ABNB	C	0.19%
ROP	B	0.19%
PCAR	B	0.19%
CPRT	B	0.18%
NXPI	D	0.18%
WDAY	B	0.18%
PAYX	B	0.17%
FANG	C	0.17%
MNST	C	0.17%
TTD	B	0.17%
FAST	B	0.16%
AEP	C	0.16%
NDAQ	A	0.15%
ROST	D	0.15%
ODFL	C	0.15%
EA	A	0.14%
KDP	F	0.14%
BKR	A	0.14%
AXON	A	0.14%
CTSH	B	0.13%
EXC	C	0.13%
DDOG	A	0.13%
TEAM	A	0.13%
VRSK	A	0.13%
ACGL	C	0.13%
XEL	A	0.13%
GEHC	D	0.12%
KHC	F	0.12%
LULU	C	0.12%
WTW	B	0.11%
MCHP	F	0.11%
CCEP	C	0.11%
IDXX	F	0.11%
UAL	A	0.1%
ON	D	0.1%
ZS	B	0.1%
TSCO	D	0.1%
FCNCA	A	0.1%
CSGP	D	0.1%
DXCM	C	0.1%
EBAY	D	0.1%
ALNY	D	0.1%
TTWO	A	0.1%
MPWR	F	0.09%
ANSS	B	0.09%
FITB	B	0.09%
GFS	C	0.08%
CDW	F	0.08%
WBD	B	0.08%
NTAP	C	0.08%
SBAC	D	0.08%
BIIB	F	0.08%
HBAN	A	0.08%
LPLA	A	0.08%
TROW	B	0.08%
HOOD	B	0.08%
ERIE	D	0.07%
ZBRA	B	0.07%
FSLR	F	0.07%
IBKR	A	0.07%
STX	C	0.07%
ZM	C	0.07%
WDC	D	0.07%
MDB	B	0.07%
NTRS	A	0.07%
STLD	B	0.07%
PTC	B	0.07%
EXPE	B	0.07%
CINF	A	0.07%
ILMN	C	0.07%
HOLX	D	0.06%
SSNC	B	0.06%
VRSN	C	0.06%
TRMB	B	0.06%
ALGN	D	0.06%
NTNX	B	0.06%
GEN	B	0.06%
MANH	D	0.06%
JBHT	C	0.06%
NTRA	A	0.06%
CG	B	0.06%
TER	F	0.06%
GRAB	A	0.06%
PODD	C	0.06%
DKNG	B	0.06%
PFG	D	0.06%
NDSN	B	0.05%
BSY	F	0.05%
SAIA	B	0.05%
EWBC	A	0.05%
MRNA	F	0.05%
ENTG	D	0.05%
INCY	C	0.05%
SFM	A	0.05%
CASY	A	0.05%
LNT	A	0.05%
DOCU	B	0.05%
VTRS	A	0.05%
MORN	B	0.05%
AFRM	A	0.05%
FLEX	B	0.05%
ICLR	D	0.05%
SOFI	B	0.05%
UTHR	C	0.05%
TW	A	0.05%
ULTA	F	0.05%
MKTX	D	0.04%
EXEL	B	0.04%
RIVN	F	0.04%
SMCI	F	0.04%
LECO	C	0.04%
SEIC	B	0.04%
TECH	F	0.04%
HST	C	0.04%
NWSA	A	0.04%
DUOL	A	0.04%
RPRX	D	0.04%
AAON	B	0.04%
TTEK	F	0.04%
JKHY	D	0.04%
PAA	B	0.04%
PCTY	C	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
GLPI	C	0.04%
TXRH	B	0.04%
RKLB	A	0.04%
CHRW	B	0.04%
BMRN	F	0.04%
OKTA	C	0.04%
FFIV	B	0.04%
SWKS	F	0.04%
MNDY	C	0.04%
Z	A	0.04%
CPB	D	0.04%
SMMT	D	0.04%
CYBR	A	0.04%
AKAM	D	0.04%
PPC	C	0.04%
REG	A	0.04%
POOL	C	0.04%
EVRG	A	0.04%
DLTR	F	0.04%
BRKR	D	0.03%
CZR	F	0.03%
CVLT	B	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
HSIC	C	0.03%
CSWI	B	0.03%
ZION	B	0.03%
COLB	B	0.03%
CHRD	D	0.03%
LNW	F	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
APA	D	0.03%
GTLB	B	0.03%
OTEX	F	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
PEGA	B	0.03%
ROIV	C	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
ROKU	D	0.03%
FOX	A	0.03%
AAL	B	0.03%
HQY	A	0.03%
PARA	C	0.03%
MASI	B	0.03%
ITCI	C	0.03%
HAS	D	0.03%
WYNN	C	0.03%
MEDP	D	0.03%
DOX	D	0.03%
FYBR	C	0.03%
LKQ	F	0.03%
WING	D	0.03%
CHDN	B	0.03%
EXAS	D	0.03%
RVMD	C	0.03%
PCVX	D	0.03%
INSM	C	0.03%
MTSI	B	0.03%
WWD	C	0.03%
LAMR	C	0.03%
FOXA	A	0.03%
COKE	C	0.03%
CBSH	B	0.03%
RGLD	C	0.03%
SRPT	F	0.03%
WIX	A	0.03%
WTFC	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	C	0.02%
VERX	A	0.02%
GSHD	A	0.02%
OZK	B	0.02%
VIRT	A	0.02%
WDFC	B	0.02%
VRRM	F	0.02%
WBA	F	0.02%
TBBK	B	0.02%
GH	B	0.02%
TGTX	B	0.02%
FTDR	B	0.02%
WSFS	B	0.02%
AUR	C	0.02%
CCOI	B	0.02%
GLNG	C	0.02%
MGEE	B	0.02%
FRSH	B	0.02%
ALGM	D	0.02%
IPAR	B	0.02%
CVCO	A	0.02%
SKYW	C	0.02%
PI	D	0.02%
CATY	B	0.02%
BLKB	B	0.02%
APPF	B	0.02%
AEIS	C	0.02%
KRYS	C	0.02%
KTOS	B	0.02%
DORM	B	0.02%
NWS	A	0.02%
LOPE	C	0.02%
ALKT	B	0.02%
CHCI	D	0.02%
NWL	C	0.02%
COLM	C	0.02%
BBIO	F	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
VICR	C	0.02%
BANF	B	0.02%
LANC	C	0.02%
RUSHA	C	0.02%
LNTH	D	0.02%
ICUI	D	0.02%
TFSL	A	0.02%
FIVE	F	0.02%
SBRA	C	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
CACC	D	0.02%
BPMC	B	0.02%
BGC	C	0.02%
CALM	A	0.02%
PAYO	A	0.02%
TCBI	C	0.02%
ALKS	C	0.02%
IEP	F	0.02%
WMG	D	0.02%
CRUS	D	0.02%
VCTR	B	0.02%
ROAD	B	0.02%
PECO	A	0.02%
SANM	B	0.02%
DJT	C	0.02%
EEFT	B	0.02%
PLXS	B	0.02%
IBOC	B	0.02%
INTA	B	0.02%
TIGO	D	0.02%
LSTR	D	0.02%
NUVL	C	0.02%
USLM	A	0.02%
IONS	F	0.02%
VKTX	F	0.02%
NCNO	C	0.02%
PRCT	B	0.02%
ITRI	C	0.02%
QLYS	B	0.02%
CROX	D	0.02%
EXPO	D	0.02%
HALO	F	0.02%
ONB	C	0.02%
BECN	B	0.02%
STEP	C	0.02%
FELE	B	0.02%
CYTK	F	0.02%
RMBS	B	0.02%
VRNS	D	0.02%
COOP	B	0.02%
TENB	C	0.02%
VLY	B	0.02%
BPOP	C	0.02%
SITM	B	0.02%
CHX	C	0.02%
AGNC	C	0.02%
LCID	F	0.02%
DBX	B	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%
CWST	A	0.02%
NXST	C	0.02%
REYN	D	0.02%
MMSI	A	0.02%
WFRD	D	0.02%
MARA	B	0.02%
ACT	C	0.02%
AVAV	C	0.02%
RDNT	B	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	D	0.02%
WSC	F	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
STRL	A	0.02%
ACIW	B	0.02%
CGNX	D	0.02%
RCM	A	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
CORT	B	0.02%
SIGI	C	0.02%
QRVO	F	0.02%
IESC	C	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	D	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
ENSG	C	0.02%
XP	F	0.02%
CRVL	B	0.02%
UFPI	C	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
TPG	A	0.02%
MIDD	C	0.02%
FRPT	A	0.02%
OLED	F	0.02%
LYFT	C	0.02%
SPSC	D	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
FFIN	B	0.02%
MKSI	C	0.02%
COLL	F	0.01%
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	F	0.01%
PSNY	F	0.01%
JACK	C	0.01%
CNTA	B	0.01%
BCYC	F	0.01%
BLBD	D	0.01%
GSM	D	0.01%
CNSL	C	0.01%
SAVA	C	0.01%
EBTC	C	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	B	0.01%
CLOV	D	0.01%
MYGN	F	0.01%
RCKT	F	0.01%
SDGR	C	0.01%
BMBL	C	0.01%
TRNS	D	0.01%
MGPI	F	0.01%
ARDX	F	0.01%
PYCR	B	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TTGT	B	0.01%
TRDA	C	0.01%
STAA	F	0.01%
ASTL	B	0.01%
VRNT	C	0.01%
HROW	D	0.01%
NSSC	D	0.01%
VITL	D	0.01%
SPRY	C	0.01%
AOSL	C	0.01%
THRM	F	0.01%
IRON	B	0.01%
TLRY	F	0.01%
PLAY	D	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	C	0.01%
IBUY	B	0.01%
KURA	F	0.01%
CLDX	F	0.01%
ANIP	F	0.01%
CEVA	B	0.01%
VECO	F	0.01%
FWRD	D	0.01%
MLCO	F	0.01%
HAFC	B	0.01%
RNW	D	0.01%
AVO	C	0.01%
SPT	C	0.01%
CMCO	C	0.01%
KALU	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
CNDT	C	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	B	0.01%
FLYW	B	0.01%
PFC	B	0.01%
SOUN	B	0.01%
DAWN	D	0.01%
UCTT	D	0.01%
TNDM	D	0.01%
SNDX	F	0.01%
MRTN	D	0.01%
UDMY	D	0.01%
WB	D	0.01%
SABR	C	0.01%
AHCO	F	0.01%
HLIT	D	0.01%
LBRDA	C	0.01%
SPNS	F	0.01%
INMD	C	0.01%
PLAB	C	0.01%
KRNT	B	0.01%
RDWR	B	0.01%
TVTX	C	0.01%
DLO	C	0.01%
XRX	F	0.01%
SCSC	C	0.01%
FTRE	D	0.01%
NAVI	F	0.01%
INFN	D	0.01%
INVA	D	0.01%
UNIT	B	0.01%
PDCO	F	0.01%
ECPG	C	0.01%
HBNC	B	0.01%
CRAI	C	0.01%
CENTA	C	0.01%
ARVN	F	0.01%
MBUU	B	0.01%
QNST	B	0.01%
WABC	B	0.01%
SAFT	B	0.01%
ANDE	D	0.01%
ACLS	F	0.01%
IAS	C	0.01%
MCRI	A	0.01%
ATEX	F	0.01%
WINA	C	0.01%
ENVX	F	0.01%
HAIN	D	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	F	0.01%
NVCR	C	0.01%
RXST	F	0.01%
NEO	C	0.01%
AMSF	B	0.01%
FA	C	0.01%
PEBO	B	0.01%
MSEX	C	0.01%
PFBC	B	0.01%
TCBK	C	0.01%
ULH	C	0.01%
NEXT	C	0.01%
AKRO	B	0.01%
AZTA	D	0.01%
GDYN	B	0.01%
UPBD	B	0.01%
PAGP	A	0.01%
AXNX	A	0.01%
AUPH	B	0.01%
CNXN	C	0.01%
SBLK	F	0.01%
DGII	C	0.01%
CSGS	B	0.01%
HRMY	D	0.01%
MNKD	C	0.01%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	D	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	A	0.01%
LBPH	A	0.01%
APOG	C	0.01%
VC	F	0.01%
MLKN	F	0.01%
PTGX	D	0.01%
AY	A	0.01%
ATSG	B	0.01%
DVAX	C	0.01%
TARS	C	0.01%
BUSE	B	0.01%
DNUT	F	0.01%
TMDX	F	0.01%
VSEC	C	0.01%
RRR	F	0.01%
IDYA	F	0.01%
TRMD	F	0.01%
GTX	C	0.01%
BEAM	D	0.01%
GABC	B	0.01%
LKFN	C	0.01%
INBK	B	0.01%
JANX	C	0.01%
HPK	B	0.01%
RIOT	C	0.01%
LGIH	F	0.01%
ULCC	D	0.01%
GERN	D	0.01%
KYMR	D	0.01%
DYN	F	0.01%
IOVA	F	0.01%
CMPR	D	0.01%
ASTH	F	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
MBIN	F	0.01%
VERA	C	0.01%
APPN	B	0.01%
NWBI	B	0.01%
ROIC	A	0.01%
JAMF	F	0.01%
EXTR	C	0.01%
ADUS	D	0.01%
STRA	C	0.01%
CAKE	C	0.01%
EVCM	B	0.01%
HOPE	C	0.01%
SUPN	C	0.01%
STBA	B	0.01%
CPRX	C	0.01%
XNCR	B	0.01%
CNXC	F	0.01%
NTCT	C	0.01%
PTVE	B	0.01%
PLUS	F	0.01%
PRDO	B	0.01%
ROCK	C	0.01%
RPD	B	0.01%
WERN	C	0.01%
IRTC	C	0.01%
VBTX	B	0.01%
SASR	B	0.01%
CHCO	B	0.01%
XPEL	B	0.01%
LAUR	A	0.01%
DCOM	B	0.01%
LGND	C	0.01%
NMRK	C	0.01%
CGON	F	0.01%
ALHC	C	0.01%
PRVA	C	0.01%
ARWR	D	0.01%
WSBC	B	0.01%
NNBR	C	0.01%
CAR	C	0.01%
ARCB	C	0.01%
CLBK	C	0.01%
SYBT	B	0.01%
AMRX	C	0.01%
OSW	B	0.01%
SBCF	B	0.01%
PINC	B	0.01%
FLNC	D	0.01%
TTMI	C	0.01%
AMPH	F	0.01%
FRME	B	0.01%
VRNA	B	0.01%
UFPT	C	0.01%
WEN	D	0.01%
WULF	C	0.01%
CASH	B	0.01%
MGNI	B	0.01%
KROS	D	0.01%
PSMT	D	0.01%
GOGL	F	0.01%
CIFR	C	0.01%
IDCC	B	0.01%
HURN	C	0.01%
CLSK	C	0.01%
VCYT	B	0.01%
OPCH	D	0.01%
TRUP	B	0.01%
FORM	D	0.01%
FIVN	C	0.01%
STNE	F	0.01%
EFSC	B	0.01%
FBNC	B	0.01%
XRAY	F	0.01%
HEES	C	0.01%
KLIC	B	0.01%
SKWD	A	0.01%
LIVN	F	0.01%
TRMK	C	0.01%
GT	C	0.01%
NWE	B	0.01%
LMAT	A	0.01%
ICFI	F	0.01%
MYRG	B	0.01%
ALRM	C	0.01%
VIAV	C	0.01%
FFBC	B	0.01%
APLS	F	0.01%
MRUS	F	0.01%
SMTC	B	0.01%
TFIN	B	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
OSIS	A	0.01%
HCP	B	0.01%
ASTE	C	0.01%
FROG	C	0.01%
JBLU	F	0.01%
EWTX	C	0.01%
SWTX	C	0.01%
EXPI	D	0.01%
NBTB	B	0.01%
BRZE	C	0.01%
SYNA	C	0.01%
SHOO	F	0.01%
VCEL	B	0.01%
MRCY	C	0.01%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
SRRK	C	0.01%
MGRC	B	0.01%
NPAB	F	0.01%
PPBI	C	0.01%
PATK	C	0.01%
ACAD	C	0.01%
ACHC	F	0.01%
ATRC	C	0.01%
INDB	B	0.01%
IOSP	C	0.01%
NARI	C	0.01%
FOLD	F	0.01%
SATS	D	0.01%
PLMR	A	0.01%
RBCAA	B	0.01%
ZD	B	0.01%
NEOG	F	0.01%
PRGS	A	0.01%
ZG	A	0.01%
HWKN	B	0.01%
TOWN	B	0.01%
BL	B	0.01%
RNA	C	0.01%
AVT	C	0.01%
SLAB	F	0.01%
ESGR	B	0.01%
POWI	F	0.01%
CARG	B	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	F	0.01%
IRDM	D	0.01%
FULT	A	0.01%
XENE	D	0.01%
JJSF	C	0.01%
PTCT	B	0.01%
IBTX	B	0.01%
URBN	C	0.01%
NMIH	C	0.01%
PENN	C	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	B	0.01%
HUBG	A	0.01%
ACVA	B	0.01%
ADMA	B	0.01%
RYTM	C	0.01%
CVBF	A	0.01%
EBC	B	0.01%
DNLI	D	0.01%
AGIO	C	0.01%
RARE	F	0.01%
HTLF	B	0.01%
PCH	F	0.01%
BHF	C	0.01%
FIBK	B	0.01%
SMPL	B	0.01%
SNEX	B	0.01%
WAFD	B	0.01%
ASO	F	0.01%
NSIT	F	0.01%
FHB	B	0.01%
IMVT	F	0.01%
CRSP	D	0.01%
PTEN	C	0.01%
AGYS	A	0.01%
POWL	C	0.01%

ONEQ Underweight 175 Positions Relative to APIE

Symbol	Grade	Weight
TSM	B	-5.96%
SAP	B	-1.98%
RELX	D	-1.54%
NVO	F	-1.45%
NVS	F	-1.33%
UL	D	-1.28%
TM	F	-1.2%
BABA	D	-1.19%
HSBC	A	-1.18%
HDB	C	-0.96%
BTI	B	-0.92%
BCS	A	-0.81%
TAK	D	-0.79%
BHP	F	-0.75%
DEO	F	-0.72%
BP	D	-0.69%
RIO	D	-0.68%
IX	F	-0.66%
GSK	F	-0.66%
BUD	F	-0.65%
TTE	F	-0.6%
SMFG	B	-0.59%
MUFG	B	-0.58%
SAN	D	-0.53%
HMC	F	-0.53%
INFY	C	-0.53%
NGG	D	-0.52%
IBN	C	-0.51%
BBVA	D	-0.49%
ING	F	-0.46%
PHG	C	-0.46%
LYG	D	-0.44%
NWG	A	-0.43%
MFG	A	-0.41%
IHG	A	-0.39%
ABBV	F	-0.37%
TEF	C	-0.37%
MT	B	-0.35%
AON	A	-0.34%
PSO	B	-0.33%
NOK	D	-0.32%
E	F	-0.31%
ACN	B	-0.31%
NMR	B	-0.3%
HLN	C	-0.29%
SKM	C	-0.29%
SHG	C	-0.28%
RDY	F	-0.27%
SNN	D	-0.26%
RTO	C	-0.26%
KT	A	-0.25%
VALE	F	-0.23%
KB	B	-0.22%
JHX	D	-0.21%
GLPG	F	-0.2%
FMS	A	-0.19%
EQNR	C	-0.19%
PBR	D	-0.17%
ITUB	F	-0.16%
ASX	D	-0.16%
SE	A	-0.15%
WPP	C	-0.15%
WIT	B	-0.14%
TEVA	C	-0.14%
UMC	F	-0.13%
ERJ	A	-0.13%
ABEV	F	-0.12%
CUK	A	-0.12%
WF	C	-0.12%
FINV	B	-0.11%
BBD	D	-0.1%
ZTO	F	-0.1%
SBS	B	-0.09%
PKX	D	-0.09%
WDS	D	-0.08%
TS	B	-0.08%
SW	A	-0.08%
CHT	C	-0.08%
CIG	C	-0.08%
GFI	D	-0.07%
CIB	B	-0.07%
CCU	D	-0.06%
NNDM	D	-0.06%
PAC	B	-0.06%
AKO.A	F	-0.06%
KOF	F	-0.06%
ASR	D	-0.06%
VIPS	F	-0.06%
HMY	D	-0.06%
BEKE	D	-0.06%
BCH	C	-0.06%
MTLS	A	-0.05%
SOHU	F	-0.05%
XPEV	C	-0.05%
PAM	A	-0.05%
FMX	F	-0.05%
GOLD	C	-0.05%
CX	F	-0.05%
GMAB	F	-0.05%
AKO.A	F	-0.05%
DRD	D	-0.04%
YMM	C	-0.04%
TKC	B	-0.04%
OPRA	B	-0.04%
BWAY	B	-0.04%
TME	D	-0.04%
STM	F	-0.04%
PHI	D	-0.04%
IMOS	F	-0.04%
ATHM	C	-0.03%
IMMP	F	-0.03%
BLTE	B	-0.03%
VLRS	B	-0.03%
TLK	D	-0.03%
CRESY	B	-0.03%
EBR	F	-0.03%
YPF	B	-0.03%
TX	F	-0.03%
GGB	C	-0.03%
OMAB	D	-0.03%
VIST	B	-0.03%
NIO	F	-0.03%
DAVA	C	-0.03%
MREO	F	-0.02%
BMA	C	-0.02%
ELP	F	-0.02%
GNFT	F	-0.02%
LPL	D	-0.02%
ASAI	F	-0.02%
UGP	F	-0.02%
SUPV	B	-0.02%
HIMX	F	-0.02%
BRFS	C	-0.02%
XYF	D	-0.02%
SUZ	B	-0.02%
MYTE	B	-0.02%
TAL	F	-0.02%
CANG	B	-0.02%
ENIC	B	-0.02%
EDAP	F	-0.01%
JMIA	F	-0.01%
YALA	D	-0.01%
DOYU	C	-0.01%
MNSO	D	-0.01%
BZUN	F	-0.01%
DAO	B	-0.01%
CEPU	B	-0.01%
HUYA	F	-0.01%
CLLS	F	-0.01%
JKS	F	-0.01%
TV	F	-0.01%
GRVY	C	-0.01%
RERE	C	-0.01%
OTLY	F	-0.01%
JFIN	F	-0.01%
TEO	B	-0.01%
BVN	D	-0.01%
IPHA	D	-0.01%
SQM	D	-0.01%
VIV	F	-0.01%
ADAP	F	-0.0%
EVO	C	-0.0%
HCM	D	-0.0%
SSL	F	-0.0%
CNF	F	-0.0%
ORAN	F	-0.0%
HEPS	C	-0.0%
AZUL	F	-0.0%
DADA	F	-0.0%
RLX	C	-0.0%
TOUR	D	-0.0%
YRD	F	-0.0%
DDL	C	-0.0%
EH	D	-0.0%
SBSW	D	-0.0%