ONEQ vs. PFM ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to PowerShares Dividend Achievers (PFM)

ONEQ

Fidelity Nasdaq Composite Index Tracking Stock

ONEQ Description

The investment seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite IndexÂ®. The fund normally invests at least 80% of assets in common stocks included in the index. It uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire index. The fund lends securities to earn income for the ETF.

Grade (RS Rating)

Last Trade

$70.82

Average Daily Volume

247,472

Number of Holdings ^*

896

* may have additional holdings in another (foreign) market

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$42.64

Average Daily Volume

25,220

Number of Holdings ^*

420

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	PFM
30 Days	6.88%	1.34%
60 Days	12.84%	4.52%
90 Days	10.19%	1.81%
12 Months	31.00%	13.67%

110 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in PFM	Overlap
AAPL	A	11.38%	4.38%	4.38%
ADI	B	0.39%	0.53%	0.39%
ADP	D	0.33%	0.46%	0.33%
AEP	D	0.16%	0.22%	0.16%
AMGN	B	0.58%	0.79%	0.58%
AMSF	F	0.01%	0.0%	0.0%
ANDE	D	0.01%	0.01%	0.01%
APOG	C	0.01%	0.01%	0.01%
AVGO	B	2.55%	3.45%	2.55%
AVT	C	0.01%	0.02%	0.01%
BANF	C	0.01%	0.01%	0.01%
BCPC	B	0.02%	0.02%	0.02%
BMRC	C	0.0%	0.0%	0.0%
BOKF	C	0.02%	0.03%	0.02%
CASY	B	0.05%	0.07%	0.05%
CBSH	C	0.03%	0.03%	0.03%
CCOI	D	0.01%	0.01%	0.01%
CDW	D	0.1%	0.14%	0.1%
CHCO	B	0.01%	0.01%	0.01%
CHDN	B	0.03%	0.05%	0.03%
CHRW	B	0.03%	0.05%	0.03%
CINF	C	0.06%	0.09%	0.06%
CMCSA	F	0.52%	0.7%	0.52%
CME	D	0.25%	0.33%	0.25%
COST	B	1.3%	1.77%	1.3%
CSCO	C	0.66%	0.9%	0.66%
CSGS	F	0.01%	0.01%	0.01%
CSX	C	0.22%	0.3%	0.22%
CTAS	B	0.25%	0.34%	0.25%
ENSG	B	0.02%	0.03%	0.02%
ERIE	C	0.06%	0.08%	0.06%
EVRG	D	0.04%	0.06%	0.04%
EXPO	B	0.02%	0.02%	0.02%
FAST	D	0.12%	0.17%	0.12%
FELE	D	0.02%	0.02%	0.02%
FFIN	C	0.02%	0.02%	0.02%
FIBK	C	0.01%	0.01%	0.01%
FITB	C	0.08%	0.11%	0.08%
FRME	C	0.01%	0.01%	0.01%
GABC	B	0.01%	0.0%	0.0%
HBNC	C	0.01%	0.0%	0.0%
HON	B	0.48%	0.65%	0.48%
HWKN	B	0.01%	0.01%	0.01%
IBOC	C	0.02%	0.02%	0.02%
INDB	D	0.01%	0.01%	0.01%
INTU	B	0.63%	0.85%	0.63%
IOSP	D	0.01%	0.01%	0.01%
JBHT	F	0.05%	0.08%	0.05%
JJSF	B	0.01%	0.02%	0.01%
JKHY	C	0.04%	0.06%	0.04%
KLAC	B	0.38%	0.51%	0.38%
LANC	C	0.02%	0.02%	0.02%
LECO	F	0.03%	0.05%	0.03%
LFUS	C	0.02%	0.03%	0.02%
LIN	C	0.73%	0.99%	0.73%
LKFN	C	0.01%	0.01%	0.01%
LMAT	B	0.01%	0.01%	0.01%
LNT	B	0.04%	0.06%	0.04%
MATW	F	0.01%	0.0%	0.0%
MCHP	C	0.16%	0.23%	0.16%
MDLZ	D	0.31%	0.42%	0.31%
MGEE	D	0.01%	0.01%	0.01%
MKTX	F	0.03%	0.04%	0.03%
MNRO	D	0.01%	0.0%	0.0%
MORN	B	0.05%	0.06%	0.05%
MSEX	D	0.01%	0.0%	0.0%
MSFT	A	11.66%	4.29%	4.29%
NBTB	B	0.01%	0.01%	0.01%
NDAQ	D	0.12%	0.16%	0.12%
NDSN	D	0.04%	0.06%	0.04%
NWE	D	0.01%	0.01%	0.01%
NXST	C	0.02%	0.03%	0.02%
OTTR	D	0.02%	0.02%	0.02%
OZK	D	0.01%	0.02%	0.01%
PAYX	D	0.14%	0.2%	0.14%
PEP	D	0.79%	1.07%	0.79%
PFC	C	0.01%	0.0%	0.0%
PFG	D	0.06%	0.09%	0.06%
POOL	F	0.04%	0.05%	0.04%
POWI	F	0.02%	0.02%	0.02%
QCOM	B	0.75%	1.02%	0.75%
REG	B	0.04%	0.05%	0.04%
RGLD	C	0.03%	0.04%	0.03%
ROP	A	0.2%	0.28%	0.2%
SBUX	F	0.31%	0.42%	0.31%
SCVL	B	0.01%	0.0%	0.0%
SEIC	D	0.03%	0.04%	0.03%
SFNC	C	0.01%	0.01%	0.01%
SIGI	D	0.02%	0.03%	0.02%
STBA	B	0.01%	0.01%	0.01%
STLD	C	0.07%	0.09%	0.07%
SYBT	B	0.01%	0.01%	0.01%
TCBK	B	0.01%	0.01%	0.01%
TOWN	C	0.01%	0.01%	0.01%
TROW	B	0.09%	0.12%	0.09%
TSCO	C	0.1%	0.14%	0.1%
TXN	B	0.61%	0.83%	0.61%
UBSI	D	0.02%	0.02%	0.02%
UFPI	D	0.02%	0.03%	0.02%
UMBF	C	0.02%	0.02%	0.02%
WABC	C	0.01%	0.01%	0.01%
WAFD	C	0.01%	0.01%	0.01%
WASH	C	0.0%	0.0%	0.0%
WBA	F	0.04%	0.05%	0.04%
WDFC	D	0.01%	0.01%	0.01%
WSBC	C	0.01%	0.01%	0.01%
WSFS	B	0.01%	0.01%	0.01%
WTFC	C	0.02%	0.03%	0.02%
XEL	D	0.11%	0.14%	0.11%
ZION	C	0.02%	0.03%	0.02%

ONEQ Overweight 786 Positions Relative to PFM

Symbol	Grade	Weight
NVDA	B	10.57%
AMZN	A	7.14%
META	B	3.94%
GOOGL	A	3.77%
GOOG	A	3.64%
TSLA	B	2.18%
NFLX	B	1.02%
AMD	C	0.89%
ADBE	B	0.85%
TMUS	A	0.72%
AMAT	B	0.66%
ISRG	B	0.54%
MU	B	0.5%
BKNG	B	0.47%
LRCX	B	0.47%
INTC	F	0.45%
VRTX	B	0.42%
REGN	A	0.39%
PANW	B	0.38%
ASML	B	0.32%
PDD	D	0.31%
CRWD	A	0.31%
SNPS	B	0.31%
CDNS	B	0.29%
MELI	C	0.29%
GILD	C	0.29%
MAR	B	0.24%
EQIX	C	0.24%
CEG	C	0.23%
ABNB	C	0.23%
NXPI	B	0.23%
MRVL	B	0.21%
PYPL	F	0.21%
ORLY	C	0.21%
PCAR	D	0.19%
ADSK	B	0.18%
MNST	D	0.18%
CPRT	C	0.18%
SMCI	C	0.18%
ROST	B	0.17%
KDP	C	0.16%
DXCM	D	0.16%
COIN	C	0.16%
FTNT	D	0.16%
WDAY	D	0.16%
MRNA	D	0.16%
CHTR	C	0.15%
TTD	A	0.15%
AZN	B	0.15%
KHC	D	0.14%
IDXX	D	0.14%
DASH	D	0.14%
EA	B	0.13%
LULU	F	0.13%
VRSK	B	0.13%
ODFL	D	0.13%
ACGL	B	0.13%
MPWR	B	0.13%
DDOG	B	0.13%
CTSH	C	0.12%
BIIB	C	0.12%
EXC	D	0.12%
BKR	B	0.12%
FANG	C	0.12%
GEHC	D	0.12%
ALNY	B	0.11%
CCEP	B	0.11%
ZS	B	0.1%
TEAM	C	0.1%
GFS	C	0.1%
ON	D	0.1%
CSGP	D	0.1%
WDC	B	0.09%
ICLR	B	0.09%
NTAP	A	0.09%
TTWO	B	0.09%
EBAY	B	0.09%
FSLR	C	0.09%
WTW	B	0.09%
ANSS	D	0.09%
AXON	D	0.08%
DLTR	D	0.08%
STX	B	0.08%
APP	B	0.08%
TER	B	0.08%
FCNCA	C	0.08%
MSTR	C	0.08%
ARM	B	0.07%
ENTG	B	0.07%
SBAC	F	0.07%
PTC	C	0.07%
LPLA	B	0.07%
SWKS	B	0.06%
BMRN	C	0.06%
HOLX	C	0.06%
NTRS	C	0.06%
VRSN	D	0.06%
CHKP	A	0.06%
ULTA	F	0.06%
HBAN	C	0.06%
DKNG	F	0.06%
ILMN	F	0.06%
HOOD	B	0.06%
WBD	F	0.06%
ALGN	F	0.06%
MDB	D	0.06%
TRMB	D	0.05%
TW	D	0.05%
AKAM	F	0.05%
NBIX	C	0.05%
NTRA	B	0.05%
UTHR	A	0.05%
GRAB	D	0.05%
CELH	F	0.05%
NTNX	C	0.05%
ENPH	F	0.05%
SNY	B	0.05%
IBKR	A	0.05%
SSNC	B	0.05%
MANH	B	0.05%
BSY	D	0.05%
PODD	B	0.05%
EXPE	C	0.05%
ZM	D	0.05%
CG	D	0.05%
LOGI	B	0.05%
ARGX	B	0.05%
TCOM	D	0.05%
UAL	D	0.05%
OKTA	C	0.05%
RIVN	C	0.05%
SRPT	B	0.05%
ZBRA	C	0.05%
DOCU	C	0.04%
SIRI	D	0.04%
WWD	C	0.04%
TTEK	C	0.04%
TXRH	B	0.04%
APA	D	0.04%
INSM	B	0.04%
CHK	D	0.04%
GLPI	C	0.04%
MNDY	B	0.04%
CYBR	B	0.04%
HST	D	0.04%
RPRX	F	0.04%
TECH	D	0.04%
PAA	B	0.04%
FLEX	C	0.04%
SAIA	B	0.04%
VTRS	D	0.04%
WING	A	0.04%
MEDP	B	0.04%
BIDU	F	0.04%
NTES	C	0.04%
INCY	B	0.04%
JD	F	0.04%
WSC	F	0.03%
HSIC	D	0.03%
MASI	D	0.03%
RVMD	C	0.03%
CERE	C	0.03%
AAON	B	0.03%
CGNX	B	0.03%
ROKU	D	0.03%
HQY	A	0.03%
CFLT	C	0.03%
PARA	D	0.03%
BPMC	A	0.03%
XP	F	0.03%
IONS	B	0.03%
ITCI	C	0.03%
DUOL	D	0.03%
PCTY	F	0.03%
SPSC	C	0.03%
ETSY	F	0.03%
CZR	C	0.03%
Z	C	0.03%
AFRM	F	0.03%
EXAS	F	0.03%
NICE	D	0.03%
MTCH	F	0.03%
IEP	D	0.03%
LSCC	F	0.03%
HAS	D	0.03%
DOX	D	0.03%
OTEX	D	0.03%
MTSI	B	0.03%
BNTX	F	0.03%
ASND	C	0.03%
SFM	A	0.03%
WYNN	D	0.03%
FFIV	C	0.03%
LNW	B	0.03%
COKE	A	0.03%
MKSI	B	0.03%
OLED	A	0.03%
WIX	B	0.03%
CROX	B	0.03%
LAMR	A	0.03%
BRKR	F	0.03%
AMKR	B	0.03%
NWSA	B	0.03%
WFRD	C	0.03%
PCVX	B	0.03%
EWBC	C	0.03%
QRVO	B	0.03%
PPC	A	0.03%
LKQ	F	0.03%
ABCB	B	0.02%
SYNA	F	0.02%
GH	B	0.02%
CORT	B	0.02%
IMVT	D	0.02%
FROG	C	0.02%
STRL	C	0.02%
NCNO	B	0.02%
SLAB	F	0.02%
NWS	B	0.02%
SHC	C	0.02%
AXSM	B	0.02%
TFSL	C	0.02%
PECO	C	0.02%
RARE	D	0.02%
IPGP	F	0.02%
IPAR	D	0.02%
ONB	C	0.02%
ACLS	B	0.02%
BLKB	C	0.02%
MRUS	B	0.02%
SANM	B	0.02%
TRMD	B	0.02%
ALKS	C	0.02%
URBN	B	0.02%
LEGN	D	0.02%
ACIW	A	0.02%
COLM	D	0.02%
PI	C	0.02%
TPG	D	0.02%
XRAY	F	0.02%
ASO	F	0.02%
NFE	F	0.02%
AEIS	B	0.02%
TIGO	B	0.02%
RDNT	B	0.02%
HWC	C	0.02%
EXLS	B	0.02%
CNXC	C	0.02%
COLB	C	0.02%
CRSP	D	0.02%
ITRI	D	0.02%
SRCL	A	0.02%
DBX	D	0.02%
COOP	D	0.02%
WMG	D	0.02%
WIRE	A	0.02%
SAIC	D	0.02%
TMDX	B	0.02%
PNFP	C	0.02%
SLM	C	0.02%
CSWI	B	0.02%
HCP	A	0.02%
CRVL	C	0.02%
MMSI	A	0.02%
VRNS	B	0.02%
APPF	B	0.02%
BPOP	C	0.02%
BECN	D	0.02%
FORM	B	0.02%
ZI	F	0.02%
BBIO	F	0.02%
APLS	F	0.02%
VRRM	B	0.02%
LYFT	D	0.02%
LNTH	B	0.02%
ESGR	A	0.02%
LSTR	B	0.02%
NUVL	B	0.02%
FIZZ	A	0.02%
QLYS	D	0.02%
FRHC	D	0.02%
EEFT	D	0.02%
CRDO	B	0.02%
ALTR	B	0.02%
VKTX	D	0.02%
NSIT	B	0.02%
AVAV	C	0.02%
ACT	B	0.02%
CWST	C	0.02%
PEGA	C	0.02%
ALGM	F	0.02%
CACC	C	0.02%
RCM	B	0.02%
HLNE	B	0.02%
HTHT	F	0.02%
MARA	B	0.02%
BZ	D	0.02%
AGNC	B	0.02%
SMMT	B	0.02%
CVLT	A	0.02%
MMYT	B	0.02%
TENB	D	0.02%
CYTK	D	0.02%
KRYS	B	0.02%
MAT	F	0.02%
SOFI	F	0.02%
RMBS	C	0.02%
RGEN	F	0.02%
CHX	C	0.02%
FOX	B	0.02%
JAZZ	F	0.02%
HALO	A	0.02%
REYN	D	0.02%
FIVE	F	0.02%
CHRD	C	0.02%
MIDD	F	0.02%
MDGL	B	0.02%
GNTX	D	0.02%
NOVT	C	0.02%
CRUS	A	0.02%
AAL	F	0.02%
GTLB	C	0.02%
ACHC	F	0.02%
FOXA	B	0.02%
FRPT	B	0.02%
EXEL	B	0.02%
OLLI	A	0.02%
FUTU	D	0.02%
FYBR	B	0.02%
LBRDK	C	0.02%
GLBE	B	0.02%
BGNE	F	0.02%
LCID	F	0.02%
BVS	B	0.01%
CEVA	F	0.01%
GIII	F	0.01%
MOMO	B	0.01%
NRC	F	0.01%
DHC	B	0.01%
WVE	D	0.01%
ACMR	C	0.01%
OPEN	F	0.01%
TARS	C	0.01%
GDEN	F	0.01%
SVRA	C	0.01%
AVO	F	0.01%
CNSL	B	0.01%
CGNT	B	0.01%
NNDM	F	0.01%
SABR	F	0.01%
SRRK	F	0.01%
JBSS	D	0.01%
GDYN	C	0.01%
INMD	F	0.01%
IMKTA	F	0.01%
FLGT	F	0.01%
CBRL	F	0.01%
ASTE	F	0.01%
ADV	D	0.01%
COLL	C	0.01%
TRS	D	0.01%
KELYA	D	0.01%
INDI	F	0.01%
VRNA	C	0.01%
ESTA	D	0.01%
PLYA	D	0.01%
PZZA	F	0.01%
HTZ	F	0.01%
GMAB	F	0.01%
TH	D	0.01%
CNDT	D	0.01%
CVAC	F	0.01%
NNBR	F	0.01%
QNST	C	0.01%
INBK	C	0.01%
ABCL	F	0.01%
JACK	F	0.01%
TWKS	D	0.01%
SVC	F	0.01%
SCHL	D	0.01%
RDWR	C	0.01%
SNCY	C	0.01%
SANA	F	0.01%
PCRX	D	0.01%
SDGR	F	0.01%
DGII	D	0.01%
IBUY	D	0.01%
MRVI	F	0.01%
DCOM	B	0.01%
TTGT	B	0.01%
GHRS	D	0.01%
DLO	F	0.01%
OCFC	C	0.01%
CMCO	F	0.01%
ECPG	D	0.01%
MNTK	C	0.01%
LQDA	D	0.01%
FDMT	D	0.01%
MCRI	D	0.01%
SEDG	F	0.01%
EYE	F	0.01%
ULCC	F	0.01%
PFBC	C	0.01%
PLAY	F	0.01%
ATAT	B	0.01%
HTLD	C	0.01%
SLP	D	0.01%
AMED	A	0.01%
ATSG	D	0.01%
INVA	A	0.01%
FWRG	F	0.01%
GGAL	D	0.01%
IAS	C	0.01%
VSEC	B	0.01%
ARRY	F	0.01%
NVEE	F	0.01%
SHLS	F	0.01%
TRNS	D	0.01%
GSM	C	0.01%
BASE	D	0.01%
XNCR	F	0.01%
ROIC	C	0.01%
AHCO	C	0.01%
IRWD	F	0.01%
ULH	C	0.01%
PEBO	C	0.01%
VICR	F	0.01%
SCSC	D	0.01%
NMRK	D	0.01%
IMTX	B	0.01%
SAFT	D	0.01%
SONO	F	0.01%
PTON	F	0.01%
IMCR	D	0.01%
CIFR	B	0.01%
UPWK	D	0.01%
VERA	C	0.01%
IDCC	B	0.01%
XRX	F	0.01%
THRM	F	0.01%
PRTA	F	0.01%
TLRY	D	0.01%
ACDC	F	0.01%
OMCL	F	0.01%
VBTX	C	0.01%
WINA	F	0.01%
BLMN	D	0.01%
NAVI	F	0.01%
HLIT	B	0.01%
VIR	F	0.01%
GPRE	F	0.01%
NWBI	B	0.01%
SPT	D	0.01%
NEO	D	0.01%
KALU	D	0.01%
CRSR	F	0.01%
RXRX	F	0.01%
HOLI	C	0.01%
CRAI	B	0.01%
ICHR	C	0.01%
GOGO	D	0.01%
ATRC	D	0.01%
SUPN	F	0.01%
DAWN	D	0.01%
EFSC	B	0.01%
INFN	B	0.01%
UPST	F	0.01%
ANIP	C	0.01%
HOPE	C	0.01%
BMBL	F	0.01%
JANX	C	0.01%
FBNC	C	0.01%
CASH	B	0.01%
LFST	F	0.01%
LGND	B	0.01%
ARDX	C	0.01%
MLCO	D	0.01%
CNXN	D	0.01%
ATEC	F	0.01%
UDMY	D	0.01%
NTCT	D	0.01%
BUSE	C	0.01%
MRTN	C	0.01%
AKRO	C	0.01%
PLAB	F	0.01%
TRIP	F	0.01%
BLBD	B	0.01%
LGIH	F	0.01%
PRDO	D	0.01%
APPN	D	0.01%
ODP	D	0.01%
LAUR	C	0.01%
AXNX	B	0.01%
PDFS	B	0.01%
VIAV	F	0.01%
AMRX	C	0.01%
CAKE	B	0.01%
HRMY	B	0.01%
FOXF	C	0.01%
GSHD	F	0.01%
CENTA	D	0.01%
PRVA	D	0.01%
BANR	B	0.01%
RNW	C	0.01%
EXTR	C	0.01%
CRTO	C	0.01%
YY	D	0.01%
CHEF	A	0.01%
SKWD	C	0.01%
DVAX	F	0.01%
COHU	C	0.01%
MNKD	B	0.01%
MXL	B	0.01%
CENX	C	0.01%
ZG	C	0.01%
SBCF	C	0.01%
VRNT	B	0.01%
EWTX	C	0.01%
ALHC	B	0.01%
BILI	B	0.01%
MRCY	D	0.01%
CLBK	D	0.01%
HEES	F	0.01%
POWL	D	0.01%
RBCAA	C	0.01%
VSAT	F	0.01%
KURA	C	0.01%
PAGP	A	0.01%
OSW	B	0.01%
DNUT	F	0.01%
MGPI	F	0.01%
NSSC	A	0.01%
KROS	F	0.01%
FFBC	C	0.01%
PINC	F	0.01%
PLUG	F	0.01%
IQ	F	0.01%
TRMK	C	0.01%
AY	B	0.01%
SMTC	C	0.01%
MIRM	B	0.01%
VCYT	C	0.01%
NVCR	D	0.01%
MGNI	B	0.01%
RCKT	F	0.01%
TTMI	B	0.01%
HURN	C	0.01%
SPNS	B	0.01%
ARVN	D	0.01%
FTRE	D	0.01%
IART	C	0.01%
WERN	F	0.01%
PTVE	F	0.01%
IOVA	F	0.01%
ADUS	B	0.01%
CPRX	C	0.01%
PLUS	C	0.01%
NEXT	B	0.01%
EXPI	F	0.01%
SNDX	C	0.01%
MBIN	C	0.01%
MYGN	B	0.01%
DOOO	F	0.01%
KYMR	D	0.01%
ASTH	B	0.01%
HPK	F	0.01%
ZD	F	0.01%
PTGX	A	0.01%
PDCO	F	0.01%
EVCM	B	0.01%
USLM	B	0.01%
FTDR	C	0.01%
IBTX	B	0.01%
UFPT	A	0.01%
ERIC	A	0.01%
HTLF	B	0.01%
RRR	B	0.01%
CGON	F	0.01%
VITL	B	0.01%
HELE	F	0.01%
GTX	D	0.01%
MLKN	C	0.01%
RIOT	D	0.01%
AMPH	F	0.01%
ROCK	F	0.01%
CARG	B	0.01%
SRAD	B	0.01%
TBBK	B	0.01%
QFIN	D	0.01%
PGNY	D	0.01%
BEAM	D	0.01%
VIRT	B	0.01%
MORF	B	0.01%
UCTT	A	0.01%
PLMR	C	0.01%
VC	F	0.01%
JBLU	C	0.01%
PPBI	C	0.01%
PSMT	D	0.01%
WEN	F	0.01%
DRVN	C	0.01%
JAMF	D	0.01%
SBLK	C	0.01%
ARCB	D	0.01%
FLYW	F	0.01%
TXG	F	0.01%
EBC	B	0.01%
TWST	B	0.01%
CMPR	C	0.01%
AMBA	C	0.01%
NTLA	D	0.01%
STAA	B	0.01%
PATK	C	0.01%
PRGS	B	0.01%
RKLB	C	0.01%
AZTA	D	0.01%
FLNC	F	0.01%
CVBF	C	0.01%
BL	D	0.01%
TNDM	D	0.01%
CERT	F	0.01%
FA	D	0.01%
FULT	C	0.01%
RXST	D	0.01%
RPD	C	0.01%
GO	D	0.01%
DORM	C	0.01%
MYRG	F	0.01%
SNEX	C	0.01%
FHB	C	0.01%
STRA	D	0.01%
VERX	A	0.01%
VCEL	C	0.01%
PYCR	D	0.01%
OSIS	D	0.01%
ROAD	C	0.01%
PLTK	F	0.01%
RYTM	B	0.01%
MGRC	D	0.01%
GERN	B	0.01%
CLBT	B	0.01%
SIMO	B	0.01%
AGIO	B	0.01%
IDYA	F	0.01%
RUN	D	0.01%
CATY	C	0.01%
KLIC	B	0.01%
PRFT	B	0.01%
CVCO	D	0.01%
ADMA	A	0.01%
SKYW	B	0.01%
SATS	B	0.01%
CALM	A	0.01%
NWL	F	0.01%
RUSHA	F	0.01%
MQ	C	0.01%
ENVX	B	0.01%
CLDX	C	0.01%
NARI	C	0.01%
SGRY	F	0.01%
INTA	B	0.01%
ACLX	B	0.01%
VECO	B	0.01%
LIVN	C	0.01%
PTCT	C	0.01%
HUBG	B	0.01%
SHOO	C	0.01%
PLXS	D	0.01%
IESC	C	0.01%
TCBI	C	0.01%
LILAK	A	0.01%
NMIH	A	0.01%
ALRM	D	0.01%
ACAD	D	0.01%
ACVA	D	0.01%
BHF	D	0.01%
DYN	B	0.01%
AGYS	A	0.01%
DIOD	F	0.01%
SITM	B	0.01%
SWTX	C	0.01%
PENN	C	0.01%
CAR	F	0.01%
PRCT	C	0.01%
TGTX	B	0.01%
ALKT	A	0.01%
LITE	B	0.01%
CHCI	D	0.01%
FIVN	D	0.01%
FRSH	D	0.01%
GOGL	C	0.01%
CLSK	B	0.01%
XENE	D	0.01%
ICFI	D	0.01%
VLY	D	0.01%
IRDM	F	0.01%
ICUI	C	0.01%
FOLD	F	0.01%
IRTC	B	0.01%
LI	F	0.01%
KTOS	C	0.01%
CRNX	C	0.01%
BRZE	C	0.01%
UCBI	D	0.01%
AUR	C	0.01%
RNA	A	0.01%
VOD	B	0.01%
STEP	A	0.01%
IAC	F	0.01%
PCH	F	0.01%
ARLP	A	0.01%
GT	F	0.01%
LOPE	C	0.01%
BGC	C	0.01%
VCTR	D	0.01%
STNE	F	0.01%
PTEN	F	0.01%
NEOG	C	0.01%
SMPL	D	0.01%
ARWR	C	0.01%
SBRA	A	0.01%
OPCH	F	0.01%
GLNG	A	0.01%
DNLI	B	0.01%
BRID	F	0.0%
CARV	D	0.0%
YNDX	C	0.0%
PIII	F	0.0%
FBRX	D	0.0%
ALTO	F	0.0%
AIRS	F	0.0%
TLSA	B	0.0%
ALLK	F	0.0%
GALT	D	0.0%
NNBR	F	0.0%
BHAC	C	0.0%
INVZ	F	0.0%
RILY	F	0.0%
DSGN	D	0.0%
GATE	A	0.0%
GLUE	F	0.0%
ACRS	F	0.0%
OXBR	B	0.0%
AVAH	C	0.0%
VXRT	F	0.0%
NEGG	F	0.0%
KC	F	0.0%
REAL	D	0.0%
SND	C	0.0%
SOPH	D	0.0%
EVBG	B	0.0%
MGIC	D	0.0%
LYEL	F	0.0%
FORR	D	0.0%
UNIT	F	0.0%
LWLG	F	0.0%
EBTC	D	0.0%
FTEK	D	0.0%
SIGA	C	0.0%
BFST	C	0.0%
CSIQ	F	0.0%
TLS	C	0.0%
CGEM	D	0.0%
AMWD	F	0.0%
ME	F	0.0%
ALGT	F	0.0%
HAFC	B	0.0%
APEI	C	0.0%
SFIX	B	0.0%
ISTR	C	0.0%
OFLX	F	0.0%
TREE	D	0.0%
CERS	D	0.0%
BCBP	C	0.0%
SRCL	A	0.0%
OABI	F	0.0%
SOUN	D	0.0%
LILM	F	0.0%
LBRDA	C	0.0%
XPEL	F	0.0%
TYRA	C	0.0%
FFIC	B	0.0%
KRUS	F	0.0%
HLVX	C	0.0%
INMB	D	0.0%
TRDA	D	0.0%

ONEQ Underweight 310 Positions Relative to PFM

Symbol	Grade	Weight
JPM	A	-2.68%
WMT	B	-2.57%
XOM	C	-2.42%
UNH	D	-2.1%
V	D	-1.97%
MA	D	-1.92%
PG	C	-1.84%
ORCL	A	-1.81%
JNJ	F	-1.65%
HD	C	-1.59%
MRK	C	-1.54%
BAC	A	-1.44%
ABBV	B	-1.4%
CVX	C	-1.35%
KO	A	-1.29%
ACN	C	-0.89%
DHR	D	-0.88%
MCD	F	-0.87%
ABT	D	-0.85%
VZ	A	-0.81%
CAT	C	-0.75%
IBM	B	-0.74%
PFE	B	-0.74%
PM	A	-0.74%
MS	B	-0.73%
NEE	D	-0.71%
GS	A	-0.67%
SPGI	B	-0.66%
UNP	D	-0.64%
RTX	D	-0.63%
SYK	B	-0.61%
LOW	D	-0.59%
ETN	D	-0.59%
ELV	B	-0.58%
NKE	F	-0.54%
BLK	B	-0.54%
LMT	A	-0.53%
CB	C	-0.5%
MMC	B	-0.49%
MDT	D	-0.49%
PLD	C	-0.48%
UPS	F	-0.46%
AMT	B	-0.43%
SO	C	-0.4%
WM	B	-0.4%
BMY	F	-0.39%
GD	C	-0.38%
ZTS	C	-0.38%
CL	B	-0.38%
APH	B	-0.38%
MO	A	-0.37%
ICE	A	-0.37%
MCO	A	-0.36%
MCK	B	-0.36%
DUK	D	-0.36%
SHW	D	-0.35%
TT	C	-0.35%
ITW	D	-0.33%
TGT	D	-0.32%
ECL	B	-0.32%
BDX	D	-0.31%
AON	C	-0.3%
NOC	D	-0.3%
MSI	A	-0.3%
RSG	A	-0.29%
EMR	D	-0.29%
USB	C	-0.29%
EPD	A	-0.29%
PSX	C	-0.28%
PNC	C	-0.28%
AJG	B	-0.27%
MMM	B	-0.27%
APD	D	-0.27%
MET	D	-0.24%
AFL	B	-0.24%
TFC	C	-0.24%
SRE	B	-0.23%
KMB	B	-0.22%
TRV	D	-0.22%
HUM	C	-0.21%
GWW	D	-0.21%
BK	A	-0.21%
O	D	-0.21%
TEL	B	-0.21%
PRU	B	-0.2%
LHX	B	-0.2%
ALL	C	-0.2%
AMP	C	-0.2%
MPLX	A	-0.2%
A	D	-0.18%
CMI	D	-0.18%
KR	C	-0.17%
SYY	D	-0.17%
PEG	A	-0.17%
NUE	D	-0.17%
HPQ	B	-0.16%
ED	D	-0.15%
DFS	A	-0.15%
LYB	D	-0.15%
VMC	D	-0.15%
GLW	B	-0.15%
XYL	D	-0.15%
EXR	B	-0.15%
PPG	F	-0.14%
ADM	F	-0.14%
ROK	D	-0.14%
HIG	C	-0.14%
HSY	F	-0.13%
EIX	D	-0.13%
RMD	D	-0.13%
DOV	C	-0.12%
WEC	D	-0.12%
AWK	C	-0.12%
RJF	C	-0.12%
CHD	C	-0.12%
BRO	B	-0.12%
DTE	D	-0.11%
BR	C	-0.11%
WST	F	-0.11%
CAH	D	-0.11%
ARE	C	-0.1%
WRB	B	-0.1%
STE	C	-0.1%
STT	C	-0.1%
BBY	B	-0.09%
WSM	C	-0.09%
WLK	D	-0.09%
AEE	D	-0.09%
GPC	D	-0.09%
LII	B	-0.09%
CSL	C	-0.09%
K	D	-0.09%
HUBB	D	-0.09%
ES	D	-0.09%
BAH	C	-0.09%
TSN	C	-0.08%
RS	D	-0.08%
PKG	B	-0.08%
MAA	B	-0.08%
HRL	F	-0.08%
CLX	D	-0.08%
ATO	C	-0.08%
ESS	B	-0.08%
CMS	D	-0.08%
RF	B	-0.08%
MKC	C	-0.08%
DPZ	C	-0.08%
EXPD	B	-0.08%
AVY	C	-0.08%
CBOE	D	-0.08%
MAS	D	-0.07%
CE	F	-0.07%
IEX	D	-0.07%
DGX	D	-0.07%
WSO	C	-0.07%
FDS	D	-0.07%
RNR	C	-0.06%
BEN	F	-0.06%
ELS	C	-0.06%
HEI	B	-0.06%
SWK	F	-0.06%
KEY	C	-0.06%
NI	B	-0.06%
GGG	D	-0.06%
UDR	B	-0.06%
FNF	D	-0.06%
AES	D	-0.06%
RGA	B	-0.06%
SNA	F	-0.06%
RPM	D	-0.06%
TTC	B	-0.05%
UNM	C	-0.05%
HII	D	-0.05%
AOS	D	-0.05%
CUBE	B	-0.05%
WTRG	D	-0.05%
ITT	D	-0.05%
AFG	D	-0.05%
SCI	C	-0.05%
IPG	F	-0.05%
FIX	D	-0.05%
ALB	F	-0.05%
EMN	D	-0.05%
SJM	D	-0.05%
INGR	D	-0.04%
EVR	A	-0.04%
NNN	B	-0.04%
GL	C	-0.04%
EGP	B	-0.04%
PRI	B	-0.04%
ORI	D	-0.04%
CHE	D	-0.04%
DCI	D	-0.04%
PNW	C	-0.04%
AIZ	D	-0.04%
RRX	F	-0.04%
ATR	D	-0.04%
REXR	C	-0.04%
AL	D	-0.03%
R	B	-0.03%
BMI	D	-0.03%
DDS	D	-0.03%
FAF	D	-0.03%
PB	C	-0.03%
SSB	D	-0.03%
TKR	D	-0.03%
TRNO	B	-0.03%
AXS	B	-0.03%
ADC	B	-0.03%
FR	C	-0.03%
STAG	B	-0.03%
RLI	D	-0.03%
CFR	C	-0.03%
RHI	F	-0.03%
LAD	D	-0.03%
OSK	D	-0.03%
OGE	D	-0.03%
SSD	F	-0.03%
AGCO	F	-0.03%
MSA	B	-0.03%
AIT	C	-0.03%
GFF	D	-0.02%
SR	C	-0.02%
MAN	D	-0.02%
NSP	F	-0.02%
PRGO	D	-0.02%
CNS	B	-0.02%
KAI	B	-0.02%
ALE	B	-0.02%
BKH	C	-0.02%
AVNT	D	-0.02%
FUL	D	-0.02%
NJR	C	-0.02%
AGO	B	-0.02%
POR	C	-0.02%
PII	F	-0.02%
THG	C	-0.02%
MATX	B	-0.02%
SLGN	D	-0.02%
GATX	C	-0.02%
IDA	D	-0.02%
FLO	D	-0.02%
ASH	D	-0.02%
HOMB	C	-0.02%
UGI	D	-0.02%
BC	F	-0.02%
THO	D	-0.02%
WTS	D	-0.02%
NFG	D	-0.02%
SON	F	-0.02%
MDU	C	-0.02%
CADE	C	-0.02%
CBT	D	-0.02%
SWX	D	-0.02%
UVV	D	-0.01%
TR	C	-0.01%
SRCE	B	-0.01%
NWN	F	-0.01%
HMN	D	-0.01%
GTY	D	-0.01%
LNN	D	-0.01%
NHC	A	-0.01%
SJW	D	-0.01%
AGM	C	-0.01%
DKL	C	-0.01%
TNC	D	-0.01%
SCL	D	-0.01%
SXI	D	-0.01%
HNI	C	-0.01%
MTRN	F	-0.01%
WOR	F	-0.01%
TRN	C	-0.01%
CPK	C	-0.01%
CBU	C	-0.01%
AWR	C	-0.01%
AVA	C	-0.01%
ABR	B	-0.01%
CWT	C	-0.01%
HI	F	-0.01%
AUB	C	-0.01%
BRC	B	-0.01%
CNO	B	-0.01%
ASB	C	-0.01%
KWR	F	-0.01%
ABM	B	-0.01%
FLIC	C	-0.0%
JOUT	F	-0.0%
ODC	F	-0.0%
ARTNA	F	-0.0%
HVT	F	-0.0%
HIFS	C	-0.0%
CTO	A	-0.0%
THFF	D	-0.0%
AROW	B	-0.0%
SMBC	B	-0.0%
PLOW	F	-0.0%
UHT	B	-0.0%
YORW	C	-0.0%
CASS	D	-0.0%
HFWA	D	-0.0%
SPTN	F	-0.0%
GSBC	B	-0.0%
MBWM	B	-0.0%
FCBC	B	-0.0%
TMP	C	-0.0%
CTBI	C	-0.0%
SBSI	C	-0.0%
ATRI	B	-0.0%
GRC	B	-0.0%
HY	C	-0.0%