ONEQ vs. CWI ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to SPDR MSCI ACWI ex-US ETF (CWI)

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

234,857

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.64

Average Daily Volume

174,681

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	CWI
30 Days	2.76%	-5.04%
60 Days	5.82%	-3.47%
90 Days	6.40%	-2.78%
12 Months	33.84%	12.96%

21 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in CWI	Overlap
BGNE	D	0.03%	0.04%	0.03%
BIDU	F	0.04%	0.1%	0.04%
BILI	C	0.01%	0.02%	0.01%
BZ	F	0.01%	0.01%	0.01%
CHKP	D	0.06%	0.06%	0.06%
CYBR	A	0.04%	0.04%	0.04%
FUTU	C	0.03%	0.02%	0.02%
GLBE	A	0.03%	0.01%	0.01%
GRAB	A	0.06%	0.03%	0.03%
HTHT	C	0.02%	0.03%	0.02%
IQ	F	0.01%	0.01%	0.01%
LEGN	F	0.01%	0.02%	0.01%
LI	F	0.02%	0.05%	0.02%
LOGI	F	0.04%	0.03%	0.03%
MNDY	D	0.04%	0.03%	0.03%
OTEX	F	0.03%	0.03%	0.03%
PDD	D	0.25%	0.28%	0.25%
QFIN	B	0.02%	0.02%	0.02%
TCOM	B	0.08%	0.13%	0.08%
WIX	A	0.03%	0.04%	0.03%
XRX	F	0.01%	0.05%	0.01%

ONEQ Overweight 809 Positions Relative to CWI

Symbol	Grade	Weight
NVDA	A	11.52%
AAPL	C	11.32%
MSFT	D	10.23%
AMZN	B	7.05%
META	C	4.0%
TSLA	A	3.4%
GOOGL	B	3.35%
GOOG	B	3.22%
AVGO	C	2.53%
COST	A	1.33%
NFLX	A	1.17%
TMUS	B	0.89%
CSCO	B	0.76%
ADBE	D	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	D	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	D	0.5%
HON	B	0.49%
AMAT	F	0.46%
PANW	B	0.41%
ADP	B	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	D	0.32%
LRCX	F	0.3%
PYPL	B	0.29%
EQIX	A	0.28%
APP	A	0.28%
MDLZ	F	0.28%
CTAS	B	0.27%
REGN	F	0.27%
KLAC	F	0.27%
CME	A	0.27%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	C	0.26%
MRVL	B	0.25%
MAR	B	0.25%
FTNT	B	0.24%
CEG	C	0.23%
ORLY	B	0.23%
DASH	A	0.22%
ASML	F	0.21%
COIN	A	0.21%
ADSK	B	0.21%
CSX	C	0.21%
MSTR	A	0.2%
CHTR	B	0.19%
ABNB	D	0.19%
ROP	C	0.19%
PCAR	C	0.19%
CPRT	B	0.18%
NXPI	F	0.18%
WDAY	C	0.18%
PAYX	B	0.17%
FANG	D	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	B	0.15%
EA	A	0.14%
KDP	D	0.14%
BKR	B	0.14%
AXON	A	0.14%
CTSH	C	0.13%
EXC	C	0.13%
DDOG	A	0.13%
TEAM	A	0.13%
VRSK	B	0.13%
ACGL	D	0.13%
XEL	A	0.13%
AZN	F	0.12%
GEHC	D	0.12%
KHC	F	0.12%
LULU	C	0.12%
WTW	B	0.11%
MCHP	F	0.11%
CCEP	D	0.11%
IDXX	F	0.11%
UAL	A	0.1%
ON	F	0.1%
ZS	B	0.1%
TSCO	D	0.1%
FCNCA	A	0.1%
CSGP	F	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	B	0.08%
LPLA	A	0.08%
TROW	B	0.08%
HOOD	A	0.08%
ERIE	F	0.07%
ZBRA	B	0.07%
FSLR	F	0.07%
IBKR	A	0.07%
STX	D	0.07%
ZM	B	0.07%
WDC	F	0.07%
MDB	C	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	C	0.06%
VRSN	F	0.06%
TRMB	B	0.06%
ALGN	D	0.06%
NTNX	B	0.06%
JD	D	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%
ARGX	B	0.06%
PODD	B	0.06%
DKNG	B	0.06%
PFG	C	0.06%
NDSN	D	0.05%
BSY	D	0.05%
SAIA	C	0.05%
EWBC	A	0.05%
MRNA	F	0.05%
ENTG	F	0.05%
INCY	C	0.05%
SNY	F	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	F	0.05%
SOFI	A	0.05%
UTHR	C	0.05%
TW	A	0.05%
ARM	F	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	D	0.04%
NWSA	B	0.04%
NTES	C	0.04%
DUOL	A	0.04%
RPRX	F	0.04%
AAON	B	0.04%
TTEK	F	0.04%
JKHY	D	0.04%
PAA	B	0.04%
PCTY	B	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
GLPI	C	0.04%
TXRH	B	0.04%
RKLB	B	0.04%
CHRW	B	0.04%
BMRN	F	0.04%
OKTA	D	0.04%
FFIV	B	0.04%
SWKS	F	0.04%
Z	A	0.04%
CPB	D	0.04%
SMMT	D	0.04%
AKAM	F	0.04%
PPC	B	0.04%
REG	A	0.04%
POOL	D	0.04%
EVRG	A	0.04%
DLTR	F	0.04%
BRKR	F	0.03%
CZR	F	0.03%
CVLT	B	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
HSIC	C	0.03%
CSWI	A	0.03%
ZION	B	0.03%
COLB	B	0.03%
CHRD	F	0.03%
LNW	F	0.03%
PNFP	B	0.03%
APA	F	0.03%
GTLB	B	0.03%
FRHC	A	0.03%
ENPH	F	0.03%
PEGA	B	0.03%
ROIV	D	0.03%
MTCH	F	0.03%
SIRI	D	0.03%
HLNE	A	0.03%
NICE	D	0.03%
ROKU	D	0.03%
FOX	A	0.03%
AAL	B	0.03%
HQY	A	0.03%
PARA	D	0.03%
MASI	B	0.03%
ITCI	B	0.03%
HAS	D	0.03%
WYNN	D	0.03%
MEDP	D	0.03%
DOX	D	0.03%
FYBR	C	0.03%
LKQ	F	0.03%
WING	D	0.03%
CHDN	C	0.03%
EXAS	D	0.03%
RVMD	B	0.03%
PCVX	D	0.03%
INSM	C	0.03%
MTSI	B	0.03%
WWD	B	0.03%
LAMR	D	0.03%
FOXA	B	0.03%
BNTX	C	0.03%
COKE	C	0.03%
CBSH	A	0.03%
RGLD	C	0.03%
SRPT	F	0.03%
WTFC	B	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	B	0.02%
VERX	A	0.02%
GSHD	B	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	D	0.02%
MGEE	A	0.02%
FRSH	C	0.02%
ALGM	F	0.02%
IPAR	C	0.02%
CVCO	A	0.02%
SKYW	B	0.02%
PI	D	0.02%
CATY	B	0.02%
BLKB	B	0.02%
APPF	C	0.02%
AEIS	B	0.02%
KRYS	C	0.02%
KTOS	C	0.02%
DORM	B	0.02%
NWS	A	0.02%
LOPE	B	0.02%
ALKT	B	0.02%
CHCI	C	0.02%
NWL	B	0.02%
COLM	B	0.02%
BBIO	F	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
VICR	C	0.02%
BANF	B	0.02%
LANC	D	0.02%
RUSHA	B	0.02%
LNTH	F	0.02%
ICUI	D	0.02%
TFSL	A	0.02%
FIVE	F	0.02%
SBRA	B	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
CACC	F	0.02%
BPMC	C	0.02%
BGC	C	0.02%
CALM	A	0.02%
PAYO	A	0.02%
TCBI	B	0.02%
ALKS	C	0.02%
IEP	F	0.02%
WMG	C	0.02%
CRUS	F	0.02%
VCTR	B	0.02%
ROAD	A	0.02%
PECO	A	0.02%
SANM	B	0.02%
DJT	C	0.02%
EEFT	C	0.02%
PLXS	B	0.02%
IBOC	B	0.02%
INTA	B	0.02%
TIGO	D	0.02%
LSTR	D	0.02%
NUVL	D	0.02%
USLM	A	0.02%
IONS	F	0.02%
VKTX	F	0.02%
NCNO	B	0.02%
PRCT	B	0.02%
ITRI	B	0.02%
QLYS	C	0.02%
CROX	F	0.02%
EXPO	D	0.02%
HALO	F	0.02%
ONB	B	0.02%
BECN	B	0.02%
STEP	B	0.02%
FELE	B	0.02%
CYTK	D	0.02%
RMBS	C	0.02%
VRNS	D	0.02%
COOP	B	0.02%
TENB	D	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	C	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	F	0.02%
SLM	B	0.02%
AMKR	F	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	F	0.02%
MARA	C	0.02%
ACT	D	0.02%
AVAV	C	0.02%
RDNT	B	0.02%
UBSI	B	0.02%
QXO	C	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	C	0.02%
CORT	C	0.02%
SIGI	B	0.02%
QRVO	F	0.02%
IESC	A	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	F	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
ENSG	D	0.02%
XP	F	0.02%
CRVL	A	0.02%
UFPI	C	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
TPG	A	0.02%
MIDD	D	0.02%
FRPT	A	0.02%
OLED	F	0.02%
LYFT	C	0.02%
SPSC	F	0.02%
LSCC	D	0.02%
JAZZ	C	0.02%
ASND	F	0.02%
FFIN	B	0.02%
MKSI	C	0.02%
COLL	F	0.01%
SRAD	A	0.01%
BFST	B	0.01%
AMWD	C	0.01%
KRUS	D	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%
GRFS	C	0.01%
JACK	D	0.01%
CNTA	B	0.01%
BCYC	F	0.01%
BLBD	F	0.01%
GSM	C	0.01%
CNSL	B	0.01%
SAVA	C	0.01%
MOMO	D	0.01%
EBTC	B	0.01%
EMBC	D	0.01%
GDEN	B	0.01%
GIII	D	0.01%
IMKTA	C	0.01%
BVS	C	0.01%
LILAK	F	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	F	0.01%
MGPI	F	0.01%
ARDX	F	0.01%
PYCR	C	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%
KC	B	0.01%
VRNT	D	0.01%
HROW	D	0.01%
NSSC	F	0.01%
VITL	D	0.01%
SPRY	C	0.01%
AOSL	C	0.01%
THRM	F	0.01%
IRON	C	0.01%
TLRY	F	0.01%
PLAY	D	0.01%
SCVL	F	0.01%
OPK	B	0.01%
CBRL	C	0.01%
NVEE	F	0.01%
AMED	F	0.01%
ISTR	B	0.01%
COHU	D	0.01%
TH	C	0.01%
IMCR	C	0.01%
PLYA	B	0.01%
FFIC	B	0.01%
VIR	F	0.01%
AVAH	B	0.01%
WASH	B	0.01%
GLUE	C	0.01%
PDFS	D	0.01%
OLPX	D	0.01%
HTLD	B	0.01%
IBUY	B	0.01%
KURA	F	0.01%
CLDX	F	0.01%
ANIP	D	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	B	0.01%
SPT	C	0.01%
CMCO	C	0.01%
KALU	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
CNDT	D	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	C	0.01%
FLYW	B	0.01%
DOOO	F	0.01%
PFC	B	0.01%
SOUN	C	0.01%
DAWN	D	0.01%
UCTT	F	0.01%
TNDM	F	0.01%
SNDX	F	0.01%
MRTN	C	0.01%
SIMO	D	0.01%
UDMY	D	0.01%
WB	C	0.01%
SABR	B	0.01%
AHCO	D	0.01%
HLIT	D	0.01%
LBRDA	C	0.01%
SPNS	F	0.01%
INMD	C	0.01%
PLAB	D	0.01%
KRNT	B	0.01%
RDWR	B	0.01%
TVTX	C	0.01%
DLO	C	0.01%
SCSC	B	0.01%
FTRE	D	0.01%
NAVI	F	0.01%
INFN	D	0.01%
INVA	C	0.01%
UNIT	B	0.01%
PDCO	F	0.01%
ECPG	C	0.01%
HBNC	B	0.01%
CRAI	B	0.01%
CENTA	C	0.01%
ARVN	F	0.01%
MBUU	C	0.01%
QNST	C	0.01%
WABC	B	0.01%
SAFT	B	0.01%
ANDE	F	0.01%
ACLS	F	0.01%
IAS	D	0.01%
MCRI	A	0.01%
ATEX	F	0.01%
WINA	B	0.01%
ENVX	F	0.01%
HAIN	D	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	F	0.01%
NVCR	D	0.01%
RXST	F	0.01%
CRTO	D	0.01%
NEO	C	0.01%
AMSF	B	0.01%
FA	D	0.01%
PEBO	B	0.01%
MSEX	B	0.01%
PFBC	B	0.01%
TCBK	B	0.01%
ULH	B	0.01%
NEXT	B	0.01%
AKRO	C	0.01%
AZTA	F	0.01%
GDYN	C	0.01%
UPBD	C	0.01%
PAGP	A	0.01%
AXNX	A	0.01%
AUPH	C	0.01%
CNXN	D	0.01%
SBLK	F	0.01%
DGII	B	0.01%
CSGS	B	0.01%
HRMY	F	0.01%
MNKD	B	0.01%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	F	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	B	0.01%
LBPH	A	0.01%
APOG	B	0.01%
VC	F	0.01%
MLKN	F	0.01%
PTGX	D	0.01%
AY	A	0.01%
ATSG	A	0.01%
DVAX	C	0.01%
TARS	C	0.01%
BUSE	B	0.01%
DNUT	F	0.01%
TMDX	F	0.01%
VSEC	B	0.01%
RRR	F	0.01%
IDYA	F	0.01%
TRMD	D	0.01%
GTX	F	0.01%
BEAM	C	0.01%
GABC	B	0.01%
LKFN	B	0.01%
ZLAB	C	0.01%
INBK	B	0.01%
JANX	C	0.01%
HPK	C	0.01%
RIOT	C	0.01%
LGIH	F	0.01%
ULCC	D	0.01%
GERN	F	0.01%
KYMR	C	0.01%
DYN	F	0.01%
IOVA	F	0.01%
CMPR	F	0.01%
ASTH	F	0.01%
DIOD	F	0.01%
VMEO	C	0.01%
MBIN	F	0.01%
VERA	C	0.01%
APPN	C	0.01%
ATAT	C	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	B	0.01%
EVCM	B	0.01%
HOPE	B	0.01%
SUPN	B	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%
GDS	C	0.01%
YY	B	0.01%
PLUS	F	0.01%
PRDO	B	0.01%
ROCK	D	0.01%
RPD	C	0.01%
WERN	B	0.01%
IRTC	C	0.01%
VBTX	B	0.01%
SASR	B	0.01%
CHCO	B	0.01%
XPEL	C	0.01%
LAUR	A	0.01%
DCOM	A	0.01%
LGND	C	0.01%
NMRK	B	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	C	0.01%
TTMI	B	0.01%
AMPH	F	0.01%
FRME	B	0.01%
VRNA	B	0.01%
UFPT	C	0.01%
WEN	C	0.01%
WULF	C	0.01%
CASH	B	0.01%
MGNI	A	0.01%
KROS	D	0.01%
PSMT	D	0.01%
GOGL	C	0.01%
CIFR	C	0.01%
IDCC	B	0.01%
HURN	B	0.01%
CLSK	C	0.01%
VCYT	B	0.01%
OPCH	F	0.01%
TRUP	B	0.01%
FORM	F	0.01%
FIVN	C	0.01%
STNE	F	0.01%
EFSC	B	0.01%
FBNC	B	0.01%
XRAY	D	0.01%
HEES	C	0.01%
KLIC	C	0.01%
SKWD	A	0.01%
LIVN	D	0.01%
TRMK	B	0.01%
GT	C	0.01%
NWE	C	0.01%
LMAT	A	0.01%
ICFI	F	0.01%
MYRG	C	0.01%
ALRM	C	0.01%
VIAV	C	0.01%
FFBC	B	0.01%
APLS	F	0.01%
MRUS	F	0.01%
SMTC	C	0.01%
TFIN	B	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	C	0.01%
OSIS	A	0.01%
HCP	B	0.01%
GGAL	A	0.01%
ASTE	C	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	D	0.01%
SHOO	D	0.01%
VCEL	A	0.01%
ERIC	A	0.01%
MRCY	C	0.01%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
SRRK	B	0.01%
MGRC	B	0.01%
NPAB	F	0.01%
PPBI	B	0.01%
PATK	D	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	C	0.01%
PLMR	A	0.01%
RBCAA	B	0.01%
ZD	B	0.01%
NEOG	D	0.01%
PRGS	B	0.01%
ZG	A	0.01%
HWKN	B	0.01%
TOWN	B	0.01%
BL	C	0.01%
RNA	C	0.01%
AVT	C	0.01%
SLAB	F	0.01%
ESGR	B	0.01%
VOD	D	0.01%
POWI	D	0.01%
CARG	B	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	D	0.01%
IRDM	F	0.01%
FULT	B	0.01%
XENE	D	0.01%
JJSF	C	0.01%
PTCT	C	0.01%
IBTX	B	0.01%
URBN	C	0.01%
NMIH	D	0.01%
PENN	C	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	C	0.01%
HUBG	A	0.01%
ACVA	A	0.01%
ADMA	C	0.01%
RYTM	C	0.01%
CVBF	B	0.01%
EBC	B	0.01%
DNLI	C	0.01%
AGIO	C	0.01%
RARE	F	0.01%
HTLF	B	0.01%
PCH	D	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 68 Positions Relative to CWI

Symbol	Grade	Weight
TSM	B	-3.02%
NVS	D	-0.81%
TM	D	-0.68%
HSBH	A	-0.66%
BABA	D	-0.6%
UL	D	-0.54%
SHOP	B	-0.52%
MUFG	A	-0.51%
SONY	B	-0.47%
ABBV	F	-0.45%
TD	D	-0.44%
INFY	D	-0.33%
CNI	F	-0.32%
SMFG	A	-0.27%
DEO	F	-0.27%
IBN	D	-0.27%
HDB	B	-0.25%
BCS	B	-0.21%
HMC	F	-0.16%
LYG	C	-0.16%
MFG	A	-0.15%
ITUB	D	-0.15%
E	F	-0.15%
SE	A	-0.14%
VALE	F	-0.13%
CHT	C	-0.11%
KB	B	-0.11%
UMC	F	-0.1%
STLA	F	-0.1%
BABA	D	-0.09%
SHG	D	-0.09%
BAP	A	-0.08%
RDY	D	-0.08%
YUMC	B	-0.07%
BBD	D	-0.07%
TEVA	D	-0.07%
NMR	B	-0.07%
ABEV	F	-0.06%
PKX	F	-0.06%
CIB	B	-0.05%
BEKE	C	-0.05%
WIT	B	-0.04%
CIG	C	-0.04%
AGCO	F	-0.04%
RBA	A	-0.04%
ENIC	B	-0.04%
MT	B	-0.04%
GGB	C	-0.03%
NIO	F	-0.03%
CSAN	F	-0.03%
SQM	D	-0.03%
VIPS	F	-0.03%
AER	B	-0.03%
TME	F	-0.03%
XPEV	C	-0.02%
XPEV	C	-0.02%
BRFS	D	-0.02%
TAL	D	-0.02%
PHI	F	-0.02%
KEP	B	-0.02%
VALE	F	-0.01%
ATHM	D	-0.01%
SBSW	D	-0.01%
MBAVU	A	-0.01%
BVN	D	-0.01%
SID	D	-0.01%
QGEN	F	-0.0%
SCCO	F	-0.0%

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers