ONEQ vs. GMF ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to SPDR S&P Emerging Asia Pacific ETF (GMF)

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

$71.24

Average Daily Volume

310,742

Number of Holdings ^*

824

* may have additional holdings in another (foreign) market

GMF

SPDR S&P Emerging Asia Pacific ETF

GMF 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 S&P Asia Pacific Emerging BMI Index. It generally invests 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 market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging Asian Pacific markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.09

Average Daily Volume

17,327

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	GMF
30 Days	-1.62%	-1.20%
60 Days	-0.59%	1.25%
90 Days	-0.51%	-0.13%
12 Months	29.49%	16.76%

16 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in GMF	Overlap
BGNE	C	0.03%	0.18%	0.03%
BIDU	F	0.04%	0.36%	0.04%
BILI	D	0.01%	0.06%	0.01%
BZ	F	0.01%	0.04%	0.01%
GDS	C	0.01%	0.02%	0.01%
IQ	F	0.01%	0.01%	0.01%
LEGN	F	0.02%	0.07%	0.02%
LI	D	0.01%	0.16%	0.01%
MMYT	B	0.03%	0.25%	0.03%
MOMO	D	0.01%	0.02%	0.01%
PDD	F	0.22%	0.92%	0.22%
QFIN	B	0.01%	0.02%	0.01%
SIMO	F	0.01%	0.04%	0.01%
TCOM	C	0.05%	0.35%	0.05%
WB	F	0.01%	0.01%	0.01%
YY	C	0.01%	0.03%	0.01%

ONEQ Overweight 808 Positions Relative to GMF

Symbol	Grade	Weight
AAPL	D	11.9%
MSFT	C	11.17%
NVDA	D	10.22%
AMZN	C	6.77%
META	A	4.01%
GOOGL	D	3.23%
GOOG	D	3.1%
AVGO	C	2.71%
TSLA	C	2.56%
COST	C	1.41%
NFLX	B	1.04%
AMD	F	0.86%
PEP	C	0.85%
ADBE	D	0.84%
TMUS	C	0.83%
LIN	B	0.78%
CSCO	B	0.7%
QCOM	D	0.65%
INTU	D	0.64%
TXN	C	0.63%
AMGN	B	0.62%
ISRG	C	0.6%
CMCSA	D	0.54%
AMAT	D	0.54%
HON	D	0.46%
BKNG	B	0.46%
REGN	C	0.43%
VRTX	D	0.43%
SBUX	C	0.39%
ADI	D	0.39%
PANW	D	0.39%
ADP	B	0.39%
MELI	B	0.38%
GILD	B	0.36%
MDLZ	B	0.35%
LRCX	F	0.35%
KLAC	D	0.35%
MU	F	0.35%
INTC	F	0.29%
CTAS	C	0.29%
CME	C	0.28%
EQIX	B	0.28%
ASML	D	0.26%
SNPS	D	0.26%
CDNS	D	0.25%
PYPL	B	0.25%
CSX	D	0.23%
MAR	C	0.23%
ORLY	B	0.23%
CEG	C	0.22%
MRVL	C	0.22%
CRWD	F	0.21%
FTNT	C	0.2%
ROP	C	0.2%
NXPI	D	0.2%
AEP	B	0.19%
ADSK	B	0.19%
ROST	C	0.18%
ABNB	D	0.18%
WDAY	D	0.18%
MNST	C	0.18%
CPRT	D	0.17%
PAYX	C	0.17%
PCAR	D	0.17%
CHTR	D	0.17%
DASH	C	0.17%
KDP	A	0.17%
AZN	D	0.16%
TTD	B	0.16%
ODFL	C	0.15%
NDAQ	B	0.15%
ACGL	B	0.15%
KHC	C	0.15%
MPWR	C	0.15%
FAST	C	0.14%
EXC	B	0.14%
GEHC	C	0.14%
IDXX	C	0.14%
MCHP	D	0.14%
CCEP	B	0.13%
XEL	A	0.13%
VRSK	D	0.13%
EA	D	0.13%
CTSH	C	0.13%
DDOG	D	0.12%
COIN	F	0.12%
BKR	D	0.12%
ALNY	B	0.12%
APP	B	0.11%
FANG	D	0.11%
TSCO	C	0.11%
EBAY	B	0.11%
CSGP	D	0.11%
LULU	D	0.11%
DXCM	F	0.1%
FITB	B	0.1%
AXON	B	0.1%
CDW	D	0.1%
BIIB	F	0.1%
WTW	B	0.1%
ON	D	0.1%
SMMT	C	0.09%
FCNCA	D	0.09%
ZS	F	0.09%
SBAC	C	0.09%
TTWO	D	0.09%
ERIE	A	0.09%
TEAM	F	0.09%
MRNA	F	0.09%
SMCI	F	0.09%
ANSS	F	0.09%
WDC	D	0.08%
STX	D	0.08%
GFS	F	0.08%
MDB	D	0.08%
MSTR	D	0.08%
NTAP	D	0.08%
TROW	D	0.08%
FSLR	C	0.08%
ICLR	D	0.08%
PTC	D	0.07%
HBAN	B	0.07%
CINF	B	0.07%
TER	D	0.07%
CHKP	C	0.07%
WBD	D	0.07%
ILMN	C	0.07%
NTRA	B	0.06%
LPLA	D	0.06%
UAL	B	0.06%
EXPE	C	0.06%
JBHT	D	0.06%
BMRN	F	0.06%
ENTG	D	0.06%
SNY	C	0.06%
PODD	B	0.06%
ULTA	D	0.06%
VRSN	D	0.06%
SSNC	B	0.06%
ZM	C	0.06%
ZBRA	B	0.06%
STLD	D	0.06%
ARM	D	0.06%
HOOD	C	0.06%
NTRS	B	0.06%
HOLX	B	0.06%
DKNG	D	0.06%
PFG	B	0.06%
ARGX	C	0.06%
ALGN	D	0.06%
JD	D	0.05%
POOL	C	0.05%
REG	C	0.05%
GRAB	B	0.05%
BNTX	C	0.05%
NDSN	C	0.05%
LOGI	D	0.05%
TRMB	C	0.05%
VTRS	C	0.05%
CASY	D	0.05%
MORN	C	0.05%
PCVX	B	0.05%
LNT	A	0.05%
NTNX	C	0.05%
RIVN	F	0.05%
IBKR	B	0.05%
DLTR	F	0.05%
BSY	D	0.05%
UTHR	C	0.05%
TW	A	0.05%
AKAM	D	0.05%
CG	C	0.05%
MANH	B	0.05%
CPB	B	0.05%
SWKS	F	0.05%
ENPH	C	0.05%
HAS	B	0.04%
NTES	F	0.04%
LAMR	A	0.04%
PPC	D	0.04%
MEDP	D	0.04%
Z	B	0.04%
RGLD	B	0.04%
EWBC	C	0.04%
DOCU	C	0.04%
MKTX	C	0.04%
CHRW	B	0.04%
FFIV	A	0.04%
COKE	C	0.04%
SFM	B	0.04%
TTEK	C	0.04%
HST	D	0.04%
SAIA	D	0.04%
WING	B	0.04%
LCID	C	0.04%
CYBR	D	0.04%
JKHY	B	0.04%
PAA	D	0.04%
AFRM	C	0.04%
INSM	D	0.04%
INCY	C	0.04%
RPRX	C	0.04%
TECH	C	0.04%
FLEX	C	0.04%
SRPT	F	0.04%
NBIX	F	0.04%
MNDY	B	0.04%
EXAS	C	0.04%
OKTA	F	0.04%
GLPI	B	0.04%
EVRG	A	0.04%
MAT	C	0.03%
GLBE	C	0.03%
REYN	C	0.03%
ENSG	C	0.03%
ETSY	F	0.03%
WSC	D	0.03%
AMKR	F	0.03%
FOX	B	0.03%
FRPT	B	0.03%
HLNE	B	0.03%
CVLT	B	0.03%
VKTX	C	0.03%
GTLB	D	0.03%
RGEN	F	0.03%
ASND	C	0.03%
HALO	B	0.03%
WYNN	D	0.03%
ACHC	C	0.03%
MKSI	F	0.03%
CZR	C	0.03%
HSIC	C	0.03%
SPSC	D	0.03%
FOXA	B	0.03%
MTSI	D	0.03%
CELH	F	0.03%
AAON	B	0.03%
CROX	C	0.03%
LBRDK	D	0.03%
XP	D	0.03%
ITCI	D	0.03%
NICE	F	0.03%
EXEL	B	0.03%
CHRD	F	0.03%
RVMD	C	0.03%
DUOL	B	0.03%
PARA	F	0.03%
WBA	F	0.03%
APA	F	0.03%
CBSH	C	0.03%
NWSA	D	0.03%
WIX	D	0.03%
SEIC	B	0.03%
OTEX	D	0.03%
OLED	C	0.03%
QRVO	F	0.03%
SOFI	C	0.03%
ROKU	C	0.03%
CHDN	C	0.03%
PCTY	C	0.03%
DOX	C	0.03%
LECO	F	0.03%
LNW	B	0.03%
WWD	D	0.03%
BRKR	D	0.03%
MTCH	C	0.03%
CHK	D	0.03%
LKQ	D	0.03%
TXRH	D	0.03%
FYBR	C	0.03%
IESC	C	0.02%
KYMR	C	0.02%
TCBI	B	0.02%
SMTC	C	0.02%
CCOI	C	0.02%
BANF	B	0.02%
PTEN	F	0.02%
AEIS	D	0.02%
CVCO	B	0.02%
LOPE	D	0.02%
VCTR	B	0.02%
NWL	D	0.02%
GLNG	D	0.02%
SLAB	D	0.02%
LITE	B	0.02%
INTA	B	0.02%
KTOS	B	0.02%
PLXS	B	0.02%
FOLD	D	0.02%
IPAR	D	0.02%
SITM	B	0.02%
IAC	C	0.02%
NMIH	B	0.02%
LYFT	D	0.02%
CRSP	F	0.02%
STEP	B	0.02%
RMBS	F	0.02%
STRL	B	0.02%
NPAB	D	0.02%
IBOC	C	0.02%
EXPI	C	0.02%
VOD	B	0.02%
SANM	D	0.02%
WMG	D	0.02%
PCH	C	0.02%
AUR	C	0.02%
TFSL	C	0.02%
APPF	D	0.02%
CHCI	C	0.02%
FIZZ	D	0.02%
SATS	B	0.02%
BECN	D	0.02%
BGC	B	0.02%
MARA	F	0.02%
XRAY	D	0.02%
RKLB	B	0.02%
OPCH	C	0.02%
QLYS	F	0.02%
COLM	B	0.02%
VLY	C	0.02%
IMVT	D	0.02%
CRNX	C	0.02%
QXO	F	0.02%
TGTX	B	0.02%
LANC	D	0.02%
CLBT	B	0.02%
ITRI	C	0.02%
RUN	C	0.02%
BLKB	B	0.02%
APLS	F	0.02%
SGRY	C	0.02%
CFLT	F	0.02%
HTHT	F	0.02%
ONB	C	0.02%
CACC	D	0.02%
ALTR	C	0.02%
ACLX	B	0.02%
CORT	B	0.02%
PRCT	B	0.02%
HWC	D	0.02%
HCP	A	0.02%
CRDO	D	0.02%
TMDX	C	0.02%
AXSM	C	0.02%
SRCL	A	0.02%
ASO	C	0.02%
ALKS	C	0.02%
SLM	C	0.02%
SBRA	B	0.02%
EEFT	D	0.02%
CNXC	D	0.02%
FELE	C	0.02%
WTFC	B	0.02%
VRRM	D	0.02%
PECO	B	0.02%
DBX	D	0.02%
LSTR	D	0.02%
RDNT	B	0.02%
IEP	F	0.02%
BBIO	D	0.02%
CHX	D	0.02%
TIGO	B	0.02%
EXLS	C	0.02%
MDGL	F	0.02%
PI	B	0.02%
UBSI	B	0.02%
FIVE	D	0.02%
ESGR	D	0.02%
TENB	D	0.02%
COOP	B	0.02%
ADMA	B	0.02%
ICUI	B	0.02%
ALGM	F	0.02%
GNTX	F	0.02%
SAIC	C	0.02%
ACIW	B	0.02%
UMBF	B	0.02%
AMBA	C	0.02%
MMSI	B	0.02%
BPOP	C	0.02%
ZION	D	0.02%
NSIT	C	0.02%
VRNS	C	0.02%
COLB	B	0.02%
FUTU	D	0.02%
AVAV	D	0.02%
PNFP	B	0.02%
SIGI	C	0.02%
BPMC	D	0.02%
SHC	B	0.02%
NUVL	C	0.02%
MASI	D	0.02%
CWST	D	0.02%
TPG	B	0.02%
EXPO	B	0.02%
RARE	B	0.02%
AGNC	A	0.02%
CYTK	F	0.02%
NXST	D	0.02%
AAL	D	0.02%
CSWI	B	0.02%
CGNX	D	0.02%
BCPC	C	0.02%
CRVL	B	0.02%
JAZZ	D	0.02%
FFIN	B	0.02%
PEGA	C	0.02%
RCM	C	0.02%
LSCC	D	0.02%
UFPI	C	0.02%
LFUS	D	0.02%
DNLI	B	0.02%
ACT	A	0.02%
KRYS	D	0.02%
IONS	F	0.02%
BOKF	B	0.02%
HQY	C	0.02%
OLLI	C	0.02%
FRHC	B	0.02%
LNTH	C	0.02%
NOVT	D	0.02%
MIDD	C	0.02%
CRUS	D	0.02%
WFRD	F	0.02%
PYCR	D	0.01%
SANA	F	0.01%
ISTR	B	0.01%
MNTK	F	0.01%
HAFC	C	0.01%
TRDA	F	0.01%
TTGT	F	0.01%
JBSS	D	0.01%
NNDM	D	0.01%
LQDA	F	0.01%
SRCL	A	0.01%
LBRDA	D	0.01%
CBRL	D	0.01%
JACK	F	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%
GDEN	D	0.01%
PLYA	D	0.01%
SCHL	D	0.01%
CNSL	A	0.01%
RIOT	F	0.01%
BCBP	C	0.01%
PLAY	F	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%
KELYA	D	0.01%
GIII	C	0.01%
EYE	F	0.01%
NEXT	F	0.01%
SAVA	C	0.01%
FWRG	F	0.01%
FLYW	F	0.01%
CMCO	F	0.01%
ESTA	F	0.01%
ICHR	F	0.01%
MATW	F	0.01%
IMKTA	D	0.01%
WVE	D	0.01%
DHC	B	0.01%
NNBR	F	0.01%
KALU	F	0.01%
ULCC	D	0.01%
ODP	F	0.01%
EMBC	C	0.01%
FLGT	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%
CEVA	C	0.01%
TYRA	B	0.01%
SABR	D	0.01%
MLCO	F	0.01%
AVAH	C	0.01%
COLL	B	0.01%
WULF	D	0.01%
CDNA	C	0.01%
BLMN	F	0.01%
NSSC	F	0.01%
COHU	F	0.01%
PDFS	D	0.01%
SDGR	F	0.01%
TARS	C	0.01%
NVEE	F	0.01%
HTLD	D	0.01%
DLO	D	0.01%
VIR	F	0.01%
VRNT	F	0.01%
HBNC	B	0.01%
VSEC	C	0.01%
VITL	D	0.01%
AVO	A	0.01%
AMED	C	0.01%
AMSF	C	0.01%
CNDT	C	0.01%
APOG	B	0.01%
WABC	D	0.01%
RDWR	C	0.01%
COMM	B	0.01%
IMCR	F	0.01%
THRM	D	0.01%
TRNS	C	0.01%
HROW	B	0.01%
ANIP	D	0.01%
CRAI	C	0.01%
SPT	F	0.01%
TH	D	0.01%
PFBC	C	0.01%
INMD	D	0.01%
CENX	D	0.01%
CLOV	C	0.01%
ATAT	A	0.01%
DGII	D	0.01%
GDYN	C	0.01%
PEBO	C	0.01%
MCRI	B	0.01%
ULH	C	0.01%
STAA	F	0.01%
BLBD	C	0.01%
SCSC	D	0.01%
UCTT	F	0.01%
CSGS	C	0.01%
MRVI	C	0.01%
SCVL	B	0.01%
MRTN	D	0.01%
OCFC	B	0.01%
UDMY	F	0.01%
CLSK	F	0.01%
QNST	B	0.01%
IMTX	C	0.01%
ARDX	D	0.01%
WINA	C	0.01%
CAKE	C	0.01%
PLAB	F	0.01%
TCBK	C	0.01%
VMEO	C	0.01%
DAWN	F	0.01%
VERA	C	0.01%
NVAX	D	0.01%
ECPG	C	0.01%
SAFT	C	0.01%
UNIT	C	0.01%
MYRG	F	0.01%
GABC	C	0.01%
INBK	C	0.01%
ANDE	D	0.01%
BCRX	C	0.01%
RNW	C	0.01%
DCOM	B	0.01%
VECO	F	0.01%
MSEX	C	0.01%
NAVI	C	0.01%
CAR	F	0.01%
TLRY	F	0.01%
INVA	B	0.01%
DVAX	D	0.01%
LKFN	C	0.01%
RCKT	D	0.01%
AXNX	B	0.01%
CENTA	D	0.01%
HLIT	C	0.01%
IDCC	B	0.01%
AHCO	B	0.01%
FIVN	F	0.01%
HAIN	D	0.01%
PRDO	D	0.01%
TTMI	D	0.01%
HEES	D	0.01%
FTRE	F	0.01%
APPN	D	0.01%
IAS	D	0.01%
CHEF	C	0.01%
SUPN	C	0.01%
NWBI	C	0.01%
VBTX	B	0.01%
SEDG	F	0.01%
RPD	F	0.01%
VC	F	0.01%
COGT	C	0.01%
PAGP	D	0.01%
SYBT	B	0.01%
PDCO	F	0.01%
SBLK	D	0.01%
SNDX	F	0.01%
ARVN	F	0.01%
AY	B	0.01%
KURA	D	0.01%
CNXN	B	0.01%
ROIC	B	0.01%
BUSE	C	0.01%
SKWD	C	0.01%
NTCT	D	0.01%
FWRD	C	0.01%
PGNY	F	0.01%
HTZ	D	0.01%
XRX	F	0.01%
NEO	C	0.01%
NFE	F	0.01%
HOPE	B	0.01%
EWTX	D	0.01%
OSW	C	0.01%
PTVE	D	0.01%
EXTR	C	0.01%
WSBC	D	0.01%
FRME	C	0.01%
CASH	B	0.01%
GTX	D	0.01%
HPK	D	0.01%
INFN	B	0.01%
DOOO	F	0.01%
OLPX	C	0.01%
LAUR	B	0.01%
BVS	B	0.01%
NVCR	D	0.01%
CHCO	B	0.01%
EVCM	D	0.01%
PRVA	D	0.01%
JANX	C	0.01%
RRR	D	0.01%
WERN	D	0.01%
SPNS	D	0.01%
STRA	D	0.01%
PCT	C	0.01%
GGAL	B	0.01%
DNUT	D	0.01%
PINC	C	0.01%
CRTO	D	0.01%
TRMK	C	0.01%
IRTC	F	0.01%
GT	F	0.01%
MGNI	D	0.01%
BANR	B	0.01%
LGND	C	0.01%
SBCF	C	0.01%
ROCK	D	0.01%
EFSC	B	0.01%
AZTA	D	0.01%
STBA	B	0.01%
MNKD	B	0.01%
VIAV	D	0.01%
HURN	C	0.01%
KLIC	D	0.01%
RXST	C	0.01%
MLKN	D	0.01%
TRUP	C	0.01%
CMPR	F	0.01%
HRMY	B	0.01%
MGPI	C	0.01%
FFBC	C	0.01%
POWL	C	0.01%
CLBK	C	0.01%
ARCB	D	0.01%
LMAT	B	0.01%
JBLU	D	0.01%
LGIH	C	0.01%
XPEL	D	0.01%
NMRK	B	0.01%
MBIN	C	0.01%
TWST	D	0.01%
PLUG	F	0.01%
FBNC	B	0.01%
ATRC	C	0.01%
ADUS	B	0.01%
MYGN	B	0.01%
WEN	C	0.01%
LIVN	D	0.01%
PLTK	C	0.01%
GOGL	D	0.01%
INDB	C	0.01%
ATSG	D	0.01%
ENVX	F	0.01%
ZG	B	0.01%
ALRM	F	0.01%
AKRO	C	0.01%
AMRX	B	0.01%
VCEL	D	0.01%
VRNA	B	0.01%
RBCAA	B	0.01%
BEAM	F	0.01%
MGRC	F	0.01%
SVC	F	0.01%
PPBI	D	0.01%
FROG	F	0.01%
DIOD	F	0.01%
CARG	B	0.01%
MIRM	D	0.01%
KROS	C	0.01%
CVBF	C	0.01%
CGON	C	0.01%
BL	D	0.01%
NBTB	D	0.01%
USLM	B	0.01%
MQ	F	0.01%
ACLS	F	0.01%
SKYW	C	0.01%
VERX	D	0.01%
PRGS	C	0.01%
PSMT	B	0.01%
FRSH	F	0.01%
FULT	C	0.01%
ZD	D	0.01%
JAMF	D	0.01%
GERN	D	0.01%
ERII	D	0.01%
OSIS	C	0.01%
TXG	D	0.01%
TNDM	C	0.01%
ERIC	B	0.01%
AMPH	C	0.01%
NWE	A	0.01%
IOSP	D	0.01%
PLUS	B	0.01%
PLMR	B	0.01%
NARI	F	0.01%
UFPT	C	0.01%
DRVN	C	0.01%
PRFT	A	0.01%
PTCT	C	0.01%
OMCL	C	0.01%
IOVA	D	0.01%
XNCR	C	0.01%
DYN	D	0.01%
MRCY	C	0.01%
SNEX	C	0.01%
FLNC	C	0.01%
UPST	C	0.01%
BHF	D	0.01%
IBTX	B	0.01%
ACAD	F	0.01%
BRZE	F	0.01%
SYNA	F	0.01%
AGIO	D	0.01%
HTLF	B	0.01%
CPRX	B	0.01%
LILAK	D	0.01%
EBC	B	0.01%
ASTE	F	0.01%
AGYS	D	0.01%
SWTX	F	0.01%
ASTH	B	0.01%
FHB	C	0.01%
TOWN	B	0.01%
GSHD	B	0.01%
IDYA	F	0.01%
HUBG	C	0.01%
MRUS	D	0.01%
HWKN	B	0.01%
ALHC	C	0.01%
AVT	D	0.01%
SFNC	B	0.01%
IRDM	D	0.01%
URBN	D	0.01%
SHOO	B	0.01%
FORM	F	0.01%
OZK	D	0.01%
CATY	B	0.01%
ROAD	B	0.01%
ARWR	F	0.01%
ARLP	C	0.01%
OTTR	D	0.01%
PENN	D	0.01%
FIBK	B	0.01%
PATK	B	0.01%
VCYT	B	0.01%
TBBK	B	0.01%
POWI	F	0.01%
TRMD	C	0.01%
FTDR	B	0.01%
FA	B	0.01%
ACVA	B	0.01%
CALM	B	0.01%
LFST	C	0.01%
SMPL	D	0.01%
NCNO	D	0.01%
MGEE	B	0.01%
RNA	C	0.01%
ALKT	D	0.01%
DORM	B	0.01%
RYTM	B	0.01%
CLDX	C	0.01%
PTGX	C	0.01%
XENE	D	0.01%
WSFS	C	0.01%
VIRT	B	0.01%
NWS	D	0.01%
JJSF	C	0.01%
WDFC	B	0.01%
STNE	F	0.01%
VICR	F	0.01%
WAFD	B	0.01%
GH	D	0.01%
ICFI	C	0.01%
NEOG	C	0.01%
RUSHA	C	0.01%

ONEQ Underweight 42 Positions Relative to GMF

Symbol	Grade	Weight
TSM	D	-8.58%
BABA	C	-2.26%
HDB	C	-1.61%
IBN	A	-1.26%
INFY	C	-1.2%
UMC	C	-0.41%
WIT	C	-0.32%
YUMC	D	-0.24%
CHT	A	-0.21%
ZTO	C	-0.18%
NIO	D	-0.11%
BEKE	F	-0.11%
VIPS	F	-0.08%
XPEV	D	-0.07%
TAL	F	-0.06%
YMM	D	-0.05%
ATHM	C	-0.03%
TME	F	-0.03%
RLX	F	-0.02%
MNSO	F	-0.02%
HIMX	F	-0.02%
BTBT	F	-0.01%
VNET	C	-0.01%
DAO	F	-0.01%
JKS	D	-0.01%
TIGR	F	-0.01%
SOHU	D	-0.01%
DQ	D	-0.01%
DADA	F	-0.0%
IMAB	F	-0.0%
API	F	-0.0%
NIU	F	-0.0%
CAN	D	-0.0%
YI	F	-0.0%
FANH	F	-0.0%
LX	D	-0.0%
TUYA	F	-0.0%
IBN	A	-0.0%
HUYA	D	-0.0%
NOAH	D	-0.0%
QD	D	-0.0%
GOTU	F	-0.0%