ONEQ vs. FIDU ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Fidelity MSCI Industrials Index ETF (FIDU)

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

$75.19

Average Daily Volume

239,419

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

FIDU

Fidelity MSCI Industrials Index ETF

FIDU Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Industrials Index, which represents the performance of the industrial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Industrials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.32

Average Daily Volume

57,528

Number of Holdings ^*

346

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	FIDU
30 Days	3.00%	7.18%
60 Days	5.15%	7.70%
90 Days	7.66%	12.00%
12 Months	34.67%	38.15%

88 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in FIDU	Overlap
AAL	B	0.03%	0.04%	0.03%
AAON	B	0.04%	0.16%	0.04%
ACVA	B	0.01%	0.06%	0.01%
ADP	B	0.4%	2.19%	0.4%
AMWD	B	0.01%	0.03%	0.01%
APOG	B	0.01%	0.03%	0.01%
ARCB	C	0.01%	0.05%	0.01%
ASTE	C	0.01%	0.01%	0.01%
ATSG	B	0.01%	0.01%	0.01%
AVAV	D	0.02%	0.1%	0.02%
AXON	B	0.14%	0.79%	0.14%
BECN	B	0.02%	0.12%	0.02%
BLBD	F	0.01%	0.02%	0.01%
CAR	C	0.01%	0.03%	0.01%
CHRW	C	0.04%	0.23%	0.04%
CMCO	C	0.01%	0.02%	0.01%
CMPR	C	0.01%	0.02%	0.01%
CNDT	D	0.01%	0.01%	0.01%
CNXC	F	0.01%	0.03%	0.01%
CPRT	A	0.18%	0.86%	0.18%
CRAI	B	0.01%	0.02%	0.01%
CSGS	B	0.01%	0.03%	0.01%
CSWI	A	0.03%	0.11%	0.03%
CSX	B	0.21%	1.21%	0.21%
CTAS	B	0.27%	1.43%	0.27%
CWST	B	0.02%	0.11%	0.02%
DRVN	B	0.01%	0.02%	0.01%
ENVX	F	0.01%	0.02%	0.01%
ERII	D	0.01%	0.02%	0.01%
EXLS	A	0.02%	0.13%	0.02%
EXPO	D	0.02%	0.09%	0.02%
FA	C	0.01%	0.03%	0.01%
FAST	B	0.16%	0.84%	0.16%
FELE	B	0.02%	0.07%	0.02%
FLNC	C	0.01%	0.03%	0.01%
FWRD	D	0.01%	0.01%	0.01%
HEES	B	0.01%	0.03%	0.01%
HON	B	0.49%	2.65%	0.49%
HTLD	C	0.01%	0.01%	0.01%
HTZ	C	0.01%	0.01%	0.01%
HUBG	A	0.01%	0.06%	0.01%
HURN	B	0.01%	0.04%	0.01%
ICFI	F	0.01%	0.05%	0.01%
IESC	B	0.02%	0.04%	0.02%
JBHT	C	0.06%	0.27%	0.06%
JBLU	F	0.01%	0.01%	0.01%
KTOS	B	0.02%	0.07%	0.02%
LECO	C	0.04%	0.21%	0.04%
LSTR	B	0.02%	0.11%	0.02%
LYFT	C	0.02%	0.11%	0.02%
MATW	C	0.01%	0.01%	0.01%
MGRC	B	0.01%	0.05%	0.01%
MIDD	B	0.02%	0.13%	0.02%
MLKN	D	0.01%	0.03%	0.01%
MRCY	B	0.01%	0.04%	0.01%
MRTN	C	0.01%	0.02%	0.01%
MYRG	C	0.01%	0.04%	0.01%
NDSN	B	0.05%	0.25%	0.05%
NVEE	F	0.01%	0.02%	0.01%
ODFL	B	0.15%	0.75%	0.15%
PAYX	B	0.17%	0.83%	0.17%
PCAR	B	0.19%	1.04%	0.19%
PCTY	B	0.04%	0.16%	0.04%
PLUG	D	0.01%	0.03%	0.01%
POWL	C	0.01%	0.04%	0.01%
PYCR	C	0.01%	0.03%	0.01%
RKLB	B	0.04%	0.11%	0.04%
ROAD	B	0.02%	0.07%	0.02%
ROCK	C	0.01%	0.04%	0.01%
RUN	F	0.01%	0.04%	0.01%
RUSHA	B	0.02%	0.07%	0.02%
SAIA	C	0.05%	0.25%	0.05%
SAIC	F	0.03%	0.11%	0.03%
SKYW	B	0.02%	0.02%	0.02%
SSNC	A	0.06%	0.29%	0.06%
STRL	B	0.02%	0.11%	0.02%
TRNS	F	0.01%	0.02%	0.01%
TTEK	F	0.04%	0.19%	0.04%
UFPI	B	0.02%	0.14%	0.02%
ULCC	C	0.01%	0.01%	0.01%
ULH	B	0.01%	0.01%	0.01%
VICR	B	0.02%	0.02%	0.02%
VRRM	F	0.02%	0.07%	0.02%
VRSK	A	0.13%	0.73%	0.13%
VSEC	C	0.01%	0.03%	0.01%
WERN	B	0.01%	0.04%	0.01%
WSC	D	0.02%	0.12%	0.02%
WWD	B	0.03%	0.19%	0.03%

ONEQ Overweight 742 Positions Relative to FIDU

Symbol	Grade	Weight
NVDA	C	11.52%
AAPL	B	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	B	1.33%
NFLX	B	1.17%
TMUS	A	0.89%
CSCO	A	0.76%
ADBE	C	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	D	0.69%
INTU	C	0.63%
ISRG	C	0.61%
QCOM	F	0.59%
TXN	D	0.59%
BKNG	B	0.54%
CMCSA	C	0.54%
AMGN	D	0.5%
AMAT	F	0.46%
PANW	C	0.41%
VRTX	D	0.39%
SBUX	B	0.37%
GILD	B	0.36%
INTC	C	0.35%
MU	D	0.35%
ADI	D	0.34%
MELI	C	0.32%
LRCX	F	0.3%
PYPL	A	0.29%
EQIX	A	0.28%
APP	B	0.28%
MDLZ	F	0.28%
REGN	F	0.27%
KLAC	F	0.27%
CME	A	0.27%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	B	0.26%
MRVL	B	0.25%
MAR	A	0.25%
PDD	F	0.25%
FTNT	C	0.24%
CEG	D	0.23%
ORLY	B	0.23%
DASH	A	0.22%
ASML	F	0.21%
COIN	B	0.21%
ADSK	B	0.21%
MSTR	C	0.2%
CHTR	C	0.19%
ABNB	C	0.19%
ROP	B	0.19%
NXPI	D	0.18%
WDAY	C	0.18%
FANG	F	0.17%
MNST	B	0.17%
TTD	B	0.17%
AEP	D	0.16%
NDAQ	A	0.15%
ROST	C	0.15%
EA	C	0.14%
KDP	D	0.14%
BKR	C	0.14%
CTSH	B	0.13%
EXC	D	0.13%
DDOG	A	0.13%
TEAM	B	0.13%
ACGL	D	0.13%
XEL	A	0.13%
AZN	F	0.12%
GEHC	F	0.12%
KHC	D	0.12%
LULU	C	0.12%
WTW	B	0.11%
MCHP	F	0.11%
CCEP	B	0.11%
IDXX	F	0.11%
UAL	B	0.1%
ON	C	0.1%
ZS	C	0.1%
TSCO	C	0.1%
FCNCA	B	0.1%
CSGP	C	0.1%
DXCM	C	0.1%
EBAY	C	0.1%
ALNY	D	0.1%
TTWO	B	0.1%
MPWR	F	0.09%
ANSS	B	0.09%
FITB	B	0.09%
GFS	C	0.08%
CDW	F	0.08%
WBD	C	0.08%
TCOM	B	0.08%
NTAP	C	0.08%
SBAC	D	0.08%
BIIB	F	0.08%
HBAN	B	0.08%
LPLA	B	0.08%
TROW	A	0.08%
HOOD	B	0.08%
ERIE	D	0.07%
ZBRA	A	0.07%
FSLR	F	0.07%
IBKR	B	0.07%
STX	D	0.07%
ZM	B	0.07%
WDC	C	0.07%
MDB	C	0.07%
NTRS	A	0.07%
STLD	B	0.07%
PTC	A	0.07%
EXPE	B	0.07%
CINF	A	0.07%
ILMN	C	0.07%
HOLX	D	0.06%
VRSN	F	0.06%
TRMB	B	0.06%
ALGN	D	0.06%
NTNX	B	0.06%
JD	D	0.06%
GEN	A	0.06%
MANH	C	0.06%
NTRA	B	0.06%
CG	B	0.06%
TER	F	0.06%
ARGX	B	0.06%
GRAB	B	0.06%
PODD	B	0.06%
DKNG	C	0.06%
CHKP	D	0.06%
PFG	C	0.06%
BSY	D	0.05%
EWBC	B	0.05%
MRNA	F	0.05%
ENTG	D	0.05%
INCY	C	0.05%
SNY	F	0.05%
SFM	B	0.05%
CASY	B	0.05%
LNT	A	0.05%
DOCU	A	0.05%
VTRS	B	0.05%
MORN	A	0.05%
AFRM	B	0.05%
FLEX	B	0.05%
ICLR	F	0.05%
SOFI	B	0.05%
UTHR	C	0.05%
TW	B	0.05%
ARM	D	0.05%
ULTA	F	0.05%
MKTX	D	0.04%
EXEL	A	0.04%
RIVN	D	0.04%
SMCI	D	0.04%
SEIC	A	0.04%
TECH	C	0.04%
HST	C	0.04%
NWSA	B	0.04%
NTES	D	0.04%
DUOL	B	0.04%
RPRX	D	0.04%
JKHY	D	0.04%
PAA	B	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
GLPI	B	0.04%
TXRH	A	0.04%
BMRN	F	0.04%
BIDU	F	0.04%
LOGI	D	0.04%
OKTA	C	0.04%
FFIV	A	0.04%
SWKS	F	0.04%
MNDY	C	0.04%
Z	B	0.04%
CPB	D	0.04%
SMMT	D	0.04%
CYBR	B	0.04%
AKAM	F	0.04%
PPC	C	0.04%
REG	B	0.04%
POOL	C	0.04%
EVRG	A	0.04%
DLTR	D	0.04%
BRKR	F	0.03%
CZR	D	0.03%
CVLT	B	0.03%
BOKF	B	0.03%
HSIC	B	0.03%
ZION	B	0.03%
COLB	B	0.03%
CHRD	F	0.03%
LNW	D	0.03%
GLBE	A	0.03%
PNFP	B	0.03%
APA	F	0.03%
GTLB	C	0.03%
OTEX	F	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
PEGA	A	0.03%
ROIV	B	0.03%
MTCH	F	0.03%
SIRI	C	0.03%
HLNE	A	0.03%
NICE	C	0.03%
ROKU	D	0.03%
FOX	B	0.03%
HQY	B	0.03%
PARA	C	0.03%
MASI	A	0.03%
ITCI	C	0.03%
HAS	D	0.03%
WYNN	D	0.03%
MEDP	F	0.03%
DOX	D	0.03%
FYBR	D	0.03%
LKQ	D	0.03%
WING	F	0.03%
CHDN	B	0.03%
BGNE	D	0.03%
EXAS	F	0.03%
RVMD	B	0.03%
FUTU	D	0.03%
PCVX	D	0.03%
INSM	C	0.03%
MTSI	B	0.03%
LAMR	C	0.03%
FOXA	C	0.03%
BNTX	C	0.03%
COKE	C	0.03%
CBSH	B	0.03%
RGLD	D	0.03%
SRPT	F	0.03%
WIX	A	0.03%
WTFC	B	0.03%
ARLP	B	0.02%
CLBT	B	0.02%
SFNC	B	0.02%
VERX	A	0.02%
GSHD	B	0.02%
OZK	B	0.02%
VIRT	B	0.02%
WDFC	B	0.02%
WBA	D	0.02%
TBBK	B	0.02%
GH	B	0.02%
TGTX	B	0.02%
FTDR	B	0.02%
WSFS	B	0.02%
AUR	B	0.02%
CCOI	B	0.02%
GLNG	B	0.02%
QFIN	B	0.02%
MGEE	C	0.02%
FRSH	C	0.02%
ALGM	D	0.02%
IPAR	B	0.02%
CVCO	B	0.02%
PI	D	0.02%
CATY	B	0.02%
BLKB	B	0.02%
APPF	B	0.02%
AEIS	B	0.02%
KRYS	C	0.02%
DORM	B	0.02%
NWS	B	0.02%
LOPE	B	0.02%
LI	F	0.02%
ALKT	A	0.02%
CHCI	D	0.02%
NWL	A	0.02%
COLM	A	0.02%
BBIO	D	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
BANF	B	0.02%
LANC	C	0.02%
LNTH	D	0.02%
ICUI	D	0.02%
TFSL	B	0.02%
FIVE	D	0.02%
SBRA	B	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	B	0.02%
CACC	D	0.02%
BPMC	C	0.02%
BGC	C	0.02%
CALM	B	0.02%
PAYO	B	0.02%
TCBI	B	0.02%
ALKS	B	0.02%
IEP	F	0.02%
WMG	C	0.02%
CRUS	F	0.02%
VCTR	B	0.02%
PECO	B	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%
NUVL	D	0.02%
USLM	B	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%
HALO	F	0.02%
ONB	B	0.02%
STEP	B	0.02%
CYTK	F	0.02%
RMBS	C	0.02%
VRNS	D	0.02%
COOP	B	0.02%
TENB	C	0.02%
VLY	B	0.02%
BPOP	B	0.02%
SITM	B	0.02%
CHX	C	0.02%
AGNC	D	0.02%
LCID	F	0.02%
DBX	C	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	C	0.02%
SLM	B	0.02%
AMKR	F	0.02%
CELH	F	0.02%
ETSY	D	0.02%
NXST	C	0.02%
REYN	D	0.02%
MMSI	B	0.02%
HTHT	D	0.02%
WFRD	F	0.02%
MARA	C	0.02%
ACT	C	0.02%
RDNT	C	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	D	0.02%
LITE	B	0.02%
OLLI	C	0.02%
UPST	B	0.02%
ACIW	B	0.02%
CGNX	C	0.02%
RCM	F	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
CORT	B	0.02%
SIGI	B	0.02%
QRVO	F	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	D	0.02%
NOVT	D	0.02%
ENSG	D	0.02%
XP	F	0.02%
CRVL	B	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
TPG	B	0.02%
FRPT	B	0.02%
OLED	F	0.02%
SPSC	C	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
ASND	D	0.02%
FFIN	B	0.02%
MKSI	C	0.02%
COLL	F	0.01%
SRAD	B	0.01%
BFST	B	0.01%
KRUS	C	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	F	0.01%
MOMO	D	0.01%
EBTC	B	0.01%
EMBC	C	0.01%
GDEN	C	0.01%
GIII	C	0.01%
IMKTA	C	0.01%
BVS	D	0.01%
LILAK	F	0.01%
TRS	B	0.01%
COGT	D	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%
MGPI	F	0.01%
ARDX	F	0.01%
AMRK	F	0.01%
ICHR	C	0.01%
TTGT	C	0.01%
TRDA	B	0.01%
STAA	F	0.01%
ASTL	C	0.01%
KC	B	0.01%
VRNT	C	0.01%
HROW	D	0.01%
NSSC	D	0.01%
VITL	F	0.01%
SPRY	D	0.01%
AOSL	C	0.01%
THRM	D	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%
AMED	F	0.01%
ISTR	B	0.01%
COHU	C	0.01%
TH	C	0.01%
IMCR	C	0.01%
PLYA	B	0.01%
FFIC	B	0.01%
VIR	F	0.01%
AVAH	C	0.01%
WASH	C	0.01%
GLUE	C	0.01%
PDFS	C	0.01%
OLPX	C	0.01%
IBUY	A	0.01%
KURA	F	0.01%
CLDX	F	0.01%
ANIP	D	0.01%
CEVA	B	0.01%
VECO	F	0.01%
MLCO	F	0.01%
HAFC	B	0.01%
RNW	C	0.01%
AVO	C	0.01%
SPT	C	0.01%
KALU	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	C	0.01%
FLYW	C	0.01%
DOOO	F	0.01%
PFC	B	0.01%
SOUN	C	0.01%
DAWN	F	0.01%
UCTT	D	0.01%
TNDM	F	0.01%
SNDX	F	0.01%
SIMO	F	0.01%
UDMY	D	0.01%
WB	C	0.01%
SABR	C	0.01%
AHCO	D	0.01%
HLIT	F	0.01%
LBRDA	C	0.01%
SPNS	F	0.01%
INMD	C	0.01%
PLAB	C	0.01%
KRNT	B	0.01%
RDWR	C	0.01%
TVTX	B	0.01%
DLO	C	0.01%
XRX	F	0.01%
SCSC	B	0.01%
FTRE	C	0.01%
NAVI	C	0.01%
INFN	D	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	F	0.01%
MBUU	C	0.01%
QNST	C	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	B	0.01%
HAIN	C	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	C	0.01%
NVCR	C	0.01%
RXST	F	0.01%
CRTO	C	0.01%
NEO	C	0.01%
AMSF	B	0.01%
PEBO	B	0.01%
MSEX	B	0.01%
PFBC	B	0.01%
TCBK	B	0.01%
NEXT	C	0.01%
AKRO	C	0.01%
AZTA	D	0.01%
GDYN	B	0.01%
UPBD	B	0.01%
PAGP	B	0.01%
AXNX	C	0.01%
AUPH	B	0.01%
CNXN	C	0.01%
SBLK	F	0.01%
DGII	B	0.01%
HRMY	D	0.01%
MNKD	C	0.01%
OCFC	B	0.01%
MQ	F	0.01%
CHEF	B	0.01%
LBPH	A	0.01%
VC	D	0.01%
PTGX	C	0.01%
AY	B	0.01%
DVAX	C	0.01%
TARS	B	0.01%
BUSE	B	0.01%
DNUT	F	0.01%
TMDX	F	0.01%
RRR	F	0.01%
IDYA	F	0.01%
TRMD	F	0.01%
GTX	C	0.01%
BEAM	C	0.01%
GABC	B	0.01%
LKFN	B	0.01%
ZLAB	C	0.01%
INBK	B	0.01%
JANX	D	0.01%
HPK	C	0.01%
RIOT	C	0.01%
LGIH	C	0.01%
GERN	D	0.01%
KYMR	C	0.01%
DYN	F	0.01%
IOVA	F	0.01%
ASTH	F	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
MBIN	F	0.01%
VERA	B	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%
BILI	D	0.01%
STRA	C	0.01%
CAKE	B	0.01%
EVCM	B	0.01%
HOPE	B	0.01%
SUPN	C	0.01%
STBA	B	0.01%
CPRX	C	0.01%
XNCR	B	0.01%
NTCT	B	0.01%
PTVE	C	0.01%
GDS	D	0.01%
YY	C	0.01%
PLUS	F	0.01%
PRDO	B	0.01%
RPD	C	0.01%
IRTC	C	0.01%
VBTX	A	0.01%
SASR	B	0.01%
CHCO	B	0.01%
XPEL	C	0.01%
LAUR	B	0.01%
DCOM	B	0.01%
LGND	B	0.01%
NMRK	B	0.01%
CGON	F	0.01%
ALHC	C	0.01%
PRVA	B	0.01%
ARWR	F	0.01%
WSBC	B	0.01%
NNBR	C	0.01%
CLBK	B	0.01%
SYBT	B	0.01%
AMRX	C	0.01%
OSW	B	0.01%
SBCF	B	0.01%
PINC	B	0.01%
TTMI	B	0.01%
AMPH	F	0.01%
FRME	B	0.01%
VRNA	A	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	C	0.01%
GOGL	F	0.01%
CIFR	C	0.01%
IDCC	A	0.01%
CLSK	C	0.01%
VCYT	A	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	F	0.01%
KLIC	B	0.01%
SKWD	B	0.01%
LIVN	F	0.01%
TRMK	B	0.01%
GT	C	0.01%
NWE	A	0.01%
LMAT	B	0.01%
ALRM	C	0.01%
VIAV	B	0.01%
FFBC	B	0.01%
APLS	D	0.01%
MRUS	F	0.01%
SMTC	A	0.01%
TFIN	A	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
OSIS	A	0.01%
HCP	B	0.01%
GGAL	C	0.01%
FROG	C	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%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
SRRK	C	0.01%
NPAB	B	0.01%
PPBI	B	0.01%
PATK	C	0.01%
ACAD	D	0.01%
ACHC	F	0.01%
ATRC	B	0.01%
INDB	B	0.01%
IOSP	B	0.01%
NARI	C	0.01%
FOLD	F	0.01%
SATS	D	0.01%
PLMR	B	0.01%
RBCAA	B	0.01%
ZD	C	0.01%
NEOG	C	0.01%
PRGS	A	0.01%
ZG	B	0.01%
HWKN	A	0.01%
TOWN	B	0.01%
BL	B	0.01%
LEGN	F	0.01%
RNA	D	0.01%
AVT	C	0.01%
SLAB	D	0.01%
ESGR	B	0.01%
VOD	D	0.01%
POWI	D	0.01%
CARG	C	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	D	0.01%
IRDM	C	0.01%
FULT	B	0.01%
XENE	C	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%
BZ	F	0.01%
AMBA	A	0.01%
LFST	C	0.01%
ADMA	B	0.01%
RYTM	C	0.01%
CVBF	B	0.01%
EBC	B	0.01%
DNLI	D	0.01%
AGIO	B	0.01%
RARE	F	0.01%
HTLF	B	0.01%
PCH	C	0.01%
BHF	B	0.01%
FIBK	B	0.01%
SMPL	B	0.01%
SNEX	A	0.01%
WAFD	B	0.01%
ASO	F	0.01%
NSIT	F	0.01%
FHB	B	0.01%
IMVT	F	0.01%
CRSP	C	0.01%
PTEN	C	0.01%
AGYS	B	0.01%

ONEQ Underweight 258 Positions Relative to FIDU

Symbol	Grade	Weight
GE	D	-3.5%
CAT	B	-3.35%
RTX	D	-2.84%
ETN	A	-2.59%
UNP	C	-2.56%
UBER	D	-2.35%
LMT	D	-2.07%
BA	D	-1.91%
DE	B	-1.9%
UPS	C	-1.73%
GEV	C	-1.69%
TT	B	-1.67%
PH	A	-1.59%
WM	A	-1.58%
ITW	A	-1.43%
EMR	A	-1.33%
TDG	D	-1.3%
MMM	D	-1.27%
NOC	D	-1.24%
FDX	B	-1.2%
GD	F	-1.17%
CARR	C	-1.08%
NSC	A	-1.05%
JCI	C	-1.0%
URI	B	-0.98%
GWW	A	-0.93%
CMI	A	-0.89%
VRT	B	-0.88%
PWR	A	-0.87%
WCN	A	-0.86%
RSG	A	-0.84%
LHX	C	-0.83%
HWM	B	-0.82%
AME	A	-0.8%
IR	A	-0.75%
OTIS	C	-0.72%
WAB	B	-0.62%
ROK	B	-0.57%
EFX	D	-0.55%
XYL	D	-0.53%
DOV	A	-0.49%
BR	A	-0.48%
FTV	B	-0.48%
VLTO	C	-0.47%
EME	B	-0.44%
HUBB	B	-0.43%
BLDR	C	-0.38%
CSL	B	-0.37%
LDOS	D	-0.37%
LII	A	-0.36%
BAH	F	-0.34%
TRU	D	-0.34%
SNA	A	-0.34%
WSO	A	-0.33%
FIX	A	-0.31%
XPO	B	-0.31%
PNR	B	-0.31%
J	F	-0.3%
OC	B	-0.3%
EXPD	C	-0.3%
IEX	B	-0.3%
MAS	C	-0.3%
HEI	B	-0.29%
TXT	D	-0.28%
ACM	A	-0.27%
GGG	B	-0.27%
ROL	B	-0.26%
CW	B	-0.25%
SWK	D	-0.24%
CLH	B	-0.23%
HEI	B	-0.22%
ALLE	D	-0.22%
NVT	B	-0.22%
ITT	A	-0.22%
BWXT	B	-0.21%
DAY	A	-0.21%
GNRC	B	-0.2%
PAYC	A	-0.2%
RRX	A	-0.2%
MLI	C	-0.18%
CNH	A	-0.18%
ALSN	B	-0.18%
CACI	D	-0.18%
AIT	B	-0.18%
DAL	B	-0.18%
FBIN	D	-0.17%
AYI	B	-0.17%
WCC	B	-0.17%
AOS	D	-0.16%
CR	B	-0.16%
RBC	B	-0.16%
MTZ	B	-0.16%
WMS	F	-0.16%
FLR	B	-0.16%
DCI	A	-0.16%
KNX	B	-0.16%
TTC	D	-0.15%
CNM	D	-0.15%
SSD	C	-0.14%
RHI	C	-0.14%
KBR	F	-0.14%
FLS	A	-0.14%
GXO	B	-0.13%
ESAB	B	-0.13%
AZEK	B	-0.13%
R	B	-0.13%
OSK	B	-0.13%
FCN	D	-0.13%
GTLS	B	-0.13%
APG	B	-0.13%
HII	F	-0.13%
TREX	C	-0.13%
MSA	C	-0.12%
AWI	B	-0.12%
VMI	A	-0.12%
AGCO	D	-0.11%
MOG.A	B	-0.11%
SITE	C	-0.11%
BCC	B	-0.1%
FSS	B	-0.1%
WTS	B	-0.1%
ZWS	A	-0.1%
HRI	B	-0.1%
UHAL	D	-0.1%
LUV	B	-0.09%
HXL	D	-0.09%
MMS	F	-0.09%
TKR	D	-0.09%
BE	B	-0.09%
AL	A	-0.09%
DY	D	-0.09%
ACA	B	-0.09%
GATX	A	-0.09%
GTES	A	-0.08%
GVA	B	-0.08%
PRIM	A	-0.08%
PSN	D	-0.08%
KAI	B	-0.08%
ST	F	-0.08%
MSM	C	-0.07%
SPR	D	-0.07%
ENS	D	-0.07%
GEO	B	-0.07%
ESE	B	-0.07%
JBT	B	-0.07%
REZI	B	-0.07%
MWA	B	-0.07%
GMS	B	-0.07%
KFY	B	-0.07%
BCO	D	-0.07%
BRC	C	-0.06%
TNET	D	-0.06%
GFF	B	-0.06%
ALIT	C	-0.06%
NPO	A	-0.06%
TEX	D	-0.06%
DNB	B	-0.06%
ABM	B	-0.06%
CBZ	B	-0.06%
EPAC	B	-0.05%
HNI	B	-0.05%
AIN	C	-0.05%
NSP	F	-0.05%
RXO	C	-0.05%
MAN	D	-0.05%
UNF	B	-0.05%
TRN	B	-0.05%
ATKR	C	-0.05%
ALG	C	-0.04%
GBX	A	-0.04%
KMT	B	-0.04%
KAR	B	-0.04%
HI	C	-0.04%
B	A	-0.04%
HAYW	B	-0.04%
SXI	A	-0.04%
AIR	B	-0.04%
CXW	C	-0.04%
AZZ	B	-0.04%
NX	C	-0.03%
REVG	B	-0.03%
TGI	B	-0.03%
TILE	A	-0.03%
TNC	D	-0.03%
DNOW	B	-0.03%
CLVT	F	-0.03%
VSTS	C	-0.03%
ALK	A	-0.03%
HLIO	B	-0.03%
SNDR	B	-0.03%
SMR	C	-0.03%
AGX	B	-0.03%
UPWK	B	-0.03%
KEX	B	-0.03%
WNC	C	-0.02%
CDRE	D	-0.02%
GRC	B	-0.02%
AMRC	F	-0.02%
JELD	F	-0.02%
CECO	B	-0.02%
DXPE	A	-0.02%
HSII	B	-0.02%
VVI	B	-0.02%
ARRY	C	-0.02%
BV	B	-0.02%
LMB	B	-0.02%
BXC	B	-0.02%
ACHR	B	-0.02%
PRLB	B	-0.02%
DLX	B	-0.02%
JBI	F	-0.02%
THR	B	-0.02%
KFRC	C	-0.02%
JOBY	B	-0.02%
BBSI	A	-0.02%
SCS	B	-0.02%
AMSC	B	-0.02%
XMTR	C	-0.02%
MRC	B	-0.02%
TPC	C	-0.02%
MATX	C	-0.02%
LNN	B	-0.02%
TITN	C	-0.01%
CTOS	C	-0.01%
PLPC	B	-0.01%
ALGT	B	-0.01%
DSGR	C	-0.01%
TWI	D	-0.01%
MTW	C	-0.01%
NPK	B	-0.01%
FC	D	-0.01%
DDD	C	-0.01%
RUSHB	B	-0.01%
CHPT	F	-0.01%
KELYA	F	-0.01%
HY	F	-0.01%
ATRO	F	-0.01%
GIC	F	-0.01%
PLOW	D	-0.01%
LYTS	B	-0.01%
EBF	F	-0.01%
IIIN	C	-0.01%
ACCO	B	-0.01%
MEG	F	-0.01%
LQDT	B	-0.01%
NVRI	F	-0.01%
PBI	B	-0.01%
PL	B	-0.01%
GNK	D	-0.01%
SHLS	F	-0.01%
MLR	B	-0.01%
DCO	B	-0.01%
HCSG	B	-0.01%
GLDD	B	-0.01%
OFLX	D	-0.0%
SNCY	C	-0.0%
HDSN	F	-0.0%
TASK	C	-0.0%