ONEQ vs. SMLF ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to iShares FactorSelect MSCI USA Small-Cap ETF (SMLF)

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

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.68

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	SMLF
30 Days	2.13%	7.55%
60 Days	5.67%	8.72%
90 Days	6.27%	9.84%
12 Months	33.62%	38.08%

266 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in SMLF	Overlap
ACAD	C	0.01%	0.11%	0.01%
ACHC	F	0.01%	0.04%	0.01%
ACLS	F	0.01%	0.12%	0.01%
ACLX	C	0.02%	0.17%	0.02%
ADMA	B	0.01%	0.06%	0.01%
AEIS	C	0.02%	0.01%	0.01%
AFRM	A	0.05%	0.07%	0.05%
AGNC	C	0.02%	0.16%	0.02%
AGYS	A	0.01%	0.04%	0.01%
AKRO	B	0.01%	0.02%	0.01%
ALGM	D	0.02%	0.01%	0.01%
ALHC	C	0.01%	0.03%	0.01%
ALKS	C	0.02%	0.3%	0.02%
ALRM	C	0.01%	0.03%	0.01%
AMPH	F	0.01%	0.07%	0.01%
AMRX	C	0.01%	0.07%	0.01%
APA	D	0.03%	0.22%	0.03%
APLS	F	0.01%	0.05%	0.01%
APOG	C	0.01%	0.11%	0.01%
APP	B	0.28%	1.49%	0.28%
APPF	B	0.02%	0.06%	0.02%
ARCB	C	0.01%	0.02%	0.01%
ARWR	D	0.01%	0.04%	0.01%
ASO	F	0.01%	0.06%	0.01%
ATRC	C	0.01%	0.03%	0.01%
AVAV	C	0.02%	0.05%	0.02%
AXON	A	0.14%	0.66%	0.14%
AXSM	B	0.02%	0.22%	0.02%
AY	A	0.01%	0.14%	0.01%
BANF	B	0.02%	0.14%	0.02%
BASE	B	0.01%	0.12%	0.01%
BBIO	F	0.02%	0.03%	0.02%
BCPC	B	0.02%	0.04%	0.02%
BCRX	D	0.01%	0.11%	0.01%
BEAM	D	0.01%	0.05%	0.01%
BECN	B	0.02%	0.1%	0.02%
BL	B	0.01%	0.16%	0.01%
BLKB	B	0.02%	0.13%	0.02%
BLMN	F	0.01%	0.05%	0.01%
BMBL	C	0.01%	0.02%	0.01%
BPMC	B	0.02%	0.13%	0.02%
BPOP	C	0.02%	0.53%	0.02%
BRKR	D	0.03%	0.14%	0.03%
BRZE	C	0.01%	0.13%	0.01%
BSY	F	0.05%	0.12%	0.05%
CACC	D	0.02%	0.08%	0.02%
CAKE	C	0.01%	0.01%	0.01%
CAR	C	0.01%	0.09%	0.01%
CARG	B	0.01%	0.11%	0.01%
CASH	B	0.01%	0.0%	0.0%
CASY	A	0.05%	0.06%	0.05%
CBSH	B	0.03%	0.24%	0.03%
CELH	F	0.02%	0.04%	0.02%
CENTA	C	0.01%	0.05%	0.01%
CHCO	B	0.01%	0.0%	0.0%
CHDN	B	0.03%	0.1%	0.03%
CHRD	D	0.03%	0.03%	0.03%
CHX	C	0.02%	0.11%	0.02%
CMPR	D	0.01%	0.1%	0.01%
CNDT	C	0.01%	0.02%	0.01%
COKE	C	0.03%	0.22%	0.03%
COOP	B	0.02%	0.41%	0.02%
CORT	B	0.02%	0.3%	0.02%
CPRX	C	0.01%	0.24%	0.01%
CRAI	C	0.01%	0.01%	0.01%
CRDO	B	0.02%	0.1%	0.02%
CROX	D	0.02%	0.19%	0.02%
CRSP	D	0.01%	0.02%	0.01%
CRUS	D	0.02%	0.11%	0.02%
CSWI	B	0.03%	0.08%	0.03%
CVBF	A	0.01%	0.05%	0.01%
CVCO	A	0.02%	0.16%	0.02%
CVLT	B	0.03%	0.08%	0.03%
CYTK	F	0.02%	0.11%	0.02%
DAWN	D	0.01%	0.04%	0.01%
DNLI	D	0.01%	0.2%	0.01%
DUOL	A	0.04%	0.44%	0.04%
DVAX	C	0.01%	0.09%	0.01%
DYN	F	0.01%	0.02%	0.01%
EEFT	B	0.02%	0.09%	0.02%
EMBC	C	0.01%	0.03%	0.01%
ENSG	C	0.02%	0.14%	0.02%
ENTG	D	0.05%	0.23%	0.05%
ETSY	D	0.02%	0.2%	0.02%
EWBC	A	0.05%	0.39%	0.05%
EXEL	B	0.04%	0.24%	0.04%
EXLS	B	0.02%	0.23%	0.02%
EXPI	D	0.01%	0.1%	0.01%
EXPO	D	0.02%	0.09%	0.02%
EXTR	C	0.01%	0.17%	0.01%
FCNCA	A	0.1%	0.27%	0.1%
FFIN	B	0.02%	0.05%	0.02%
FHB	B	0.01%	0.08%	0.01%
FIVN	C	0.01%	0.08%	0.01%
FLEX	B	0.05%	0.31%	0.05%
FLNC	D	0.01%	0.07%	0.01%
FLYW	B	0.01%	0.04%	0.01%
FOLD	F	0.01%	0.05%	0.01%
FROG	C	0.01%	0.18%	0.01%
FULT	A	0.01%	0.0%	0.0%
FYBR	C	0.03%	0.13%	0.03%
GH	B	0.02%	0.19%	0.02%
GIII	D	0.01%	0.02%	0.01%
GLPI	C	0.04%	0.18%	0.04%
GTLB	B	0.03%	0.39%	0.03%
HAIN	D	0.01%	0.01%	0.01%
HALO	F	0.02%	0.24%	0.02%
HAS	D	0.03%	0.19%	0.03%
HEES	C	0.01%	0.09%	0.01%
HQY	A	0.03%	0.01%	0.01%
HTZ	C	0.01%	0.01%	0.01%
HURN	C	0.01%	0.25%	0.01%
HWC	B	0.02%	0.08%	0.02%
HWKN	B	0.01%	0.06%	0.01%
IBKR	A	0.07%	0.45%	0.07%
IBOC	B	0.02%	0.11%	0.02%
ICFI	F	0.01%	0.1%	0.01%
IDCC	B	0.01%	0.09%	0.01%
IESC	C	0.02%	0.03%	0.02%
IMKTA	C	0.01%	0.24%	0.01%
INSM	C	0.03%	0.1%	0.03%
INTA	B	0.02%	0.27%	0.02%
INVA	D	0.01%	0.09%	0.01%
IONS	F	0.02%	0.14%	0.02%
IOSP	C	0.01%	0.04%	0.01%
IPAR	B	0.02%	0.13%	0.02%
IRTC	C	0.01%	0.06%	0.01%
ITCI	C	0.03%	0.06%	0.03%
ITRI	C	0.02%	0.05%	0.02%
JACK	C	0.01%	0.09%	0.01%
JAMF	F	0.01%	0.01%	0.01%
JANX	C	0.01%	0.03%	0.01%
KALU	C	0.01%	0.01%	0.01%
KLIC	B	0.01%	0.1%	0.01%
LAMR	C	0.03%	0.33%	0.03%
LANC	C	0.02%	0.02%	0.02%
LBRDA	C	0.01%	0.4%	0.01%
LECO	C	0.04%	0.05%	0.04%
LFUS	D	0.02%	0.05%	0.02%
LGND	C	0.01%	0.09%	0.01%
LIVN	F	0.01%	0.2%	0.01%
LMAT	A	0.01%	0.02%	0.01%
LNTH	D	0.02%	0.17%	0.02%
LNW	F	0.03%	0.17%	0.03%
LSCC	D	0.02%	0.23%	0.02%
LSTR	D	0.02%	0.1%	0.02%
LYFT	C	0.02%	0.1%	0.02%
MANH	D	0.06%	0.5%	0.06%
MASI	B	0.03%	0.08%	0.03%
MAT	D	0.02%	0.12%	0.02%
MDGL	B	0.02%	0.11%	0.02%
MEDP	D	0.03%	0.38%	0.03%
MGNI	B	0.01%	0.03%	0.01%
MIDD	C	0.02%	0.08%	0.02%
MKSI	C	0.02%	0.08%	0.02%
MMSI	A	0.02%	0.14%	0.02%
MMYT	B	0.02%	0.17%	0.02%
MSTR	B	0.2%	0.73%	0.2%
MTSI	B	0.03%	0.09%	0.03%
NARI	C	0.01%	0.07%	0.01%
NAVI	F	0.01%	0.19%	0.01%
NBTB	B	0.01%	0.0%	0.0%
NDSN	B	0.05%	0.18%	0.05%
NOVT	D	0.02%	0.14%	0.02%
NSIT	F	0.01%	0.06%	0.01%
NSSC	D	0.01%	0.08%	0.01%
NTCT	C	0.01%	0.11%	0.01%
NTNX	B	0.06%	0.56%	0.06%
NTRA	A	0.06%	0.4%	0.06%
NUVL	C	0.02%	0.13%	0.02%
NWL	C	0.02%	0.02%	0.02%
NXST	C	0.02%	0.07%	0.02%
ODP	F	0.01%	0.11%	0.01%
OLED	F	0.02%	0.03%	0.02%
OLPX	D	0.01%	0.01%	0.01%
OPCH	D	0.01%	0.08%	0.01%
OSIS	A	0.01%	0.02%	0.01%
OTTR	C	0.01%	0.06%	0.01%
OZK	B	0.02%	0.08%	0.02%
PARA	C	0.03%	0.11%	0.03%
PCH	F	0.01%	0.01%	0.01%
PCTY	C	0.04%	0.14%	0.04%
PCVX	D	0.03%	0.09%	0.03%
PDCO	F	0.01%	0.02%	0.01%
PEGA	B	0.03%	0.08%	0.03%
PFBC	B	0.01%	0.0%	0.0%
PI	D	0.02%	0.14%	0.02%
PLUS	F	0.01%	0.07%	0.01%
PNFP	B	0.03%	0.1%	0.03%
POWI	F	0.01%	0.01%	0.01%
POWL	C	0.01%	0.38%	0.01%
PRDO	B	0.01%	0.0%	0.0%
PRGS	A	0.01%	0.18%	0.01%
PTCT	B	0.01%	0.02%	0.01%
PTEN	C	0.01%	0.11%	0.01%
PYCR	B	0.01%	0.01%	0.01%
QLYS	B	0.02%	0.13%	0.02%
QXO	D	0.02%	0.03%	0.02%
RGEN	D	0.02%	0.08%	0.02%
RGLD	C	0.03%	0.14%	0.03%
RMBS	B	0.02%	0.24%	0.02%
ROIV	C	0.03%	0.01%	0.01%
ROKU	D	0.03%	0.04%	0.03%
RPD	B	0.01%	0.03%	0.01%
RUSHA	C	0.02%	0.06%	0.02%
RVMD	C	0.03%	0.04%	0.03%
SAIA	B	0.05%	0.12%	0.05%
SANM	B	0.02%	0.22%	0.02%
SATS	D	0.01%	0.12%	0.01%
SFM	A	0.05%	0.6%	0.05%
SLAB	F	0.01%	0.03%	0.01%
SLM	A	0.02%	0.16%	0.02%
SMTC	B	0.01%	0.05%	0.01%
SNDX	F	0.01%	0.02%	0.01%
SNEX	B	0.01%	0.07%	0.01%
SOFI	B	0.05%	0.06%	0.05%
SPRY	C	0.01%	0.03%	0.01%
SPSC	D	0.02%	0.11%	0.02%
SPT	C	0.01%	0.14%	0.01%
SRPT	F	0.03%	0.2%	0.03%
STRL	A	0.02%	0.29%	0.02%
SUPN	C	0.01%	0.03%	0.01%
SWTX	C	0.01%	0.01%	0.01%
SYNA	C	0.01%	0.1%	0.01%
TARS	C	0.01%	0.05%	0.01%
TBBK	B	0.02%	0.0%	0.0%
TCBI	C	0.02%	0.03%	0.02%
TENB	C	0.02%	0.08%	0.02%
TGTX	B	0.02%	0.03%	0.02%
TLRY	F	0.01%	0.02%	0.01%
TPG	A	0.02%	0.2%	0.02%
TRMK	C	0.01%	0.0%	0.0%
TTEK	F	0.04%	0.29%	0.04%
TTGT	B	0.01%	0.01%	0.01%
TXRH	B	0.04%	0.07%	0.04%
UDMY	D	0.01%	0.03%	0.01%
UFPI	C	0.02%	0.23%	0.02%
UMBF	B	0.02%	0.14%	0.02%
UNIT	B	0.01%	0.07%	0.01%
UPBD	B	0.01%	0.09%	0.01%
UTHR	C	0.05%	0.38%	0.05%
VC	F	0.01%	0.08%	0.01%
VCEL	B	0.01%	0.03%	0.01%
VCYT	B	0.01%	0.18%	0.01%
VECO	F	0.01%	0.1%	0.01%
VERA	C	0.01%	0.09%	0.01%
VIAV	C	0.01%	0.03%	0.01%
VIR	D	0.01%	0.08%	0.01%
VIRT	A	0.02%	0.03%	0.02%
VITL	D	0.01%	0.03%	0.01%
VKTX	F	0.02%	0.06%	0.02%
VMEO	B	0.01%	0.13%	0.01%
VRNS	D	0.02%	0.1%	0.02%
WAFD	B	0.01%	0.12%	0.01%
WBA	F	0.02%	0.05%	0.02%
WEN	D	0.01%	0.12%	0.01%
WFRD	D	0.02%	0.35%	0.02%
WING	D	0.03%	0.36%	0.03%
WOOF	D	0.01%	0.02%	0.01%
WSC	F	0.02%	0.09%	0.02%
WTFC	A	0.03%	0.02%	0.02%
WYNN	C	0.03%	0.07%	0.03%
XNCR	B	0.01%	0.15%	0.01%
XRAY	F	0.01%	0.2%	0.01%
XRX	F	0.01%	0.18%	0.01%
ZION	B	0.03%	0.24%	0.03%

ONEQ Overweight 564 Positions Relative to SMLF

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%
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%
PDD	F	0.25%
FTNT	C	0.24%
CEG	C	0.23%
ORLY	B	0.23%
DASH	B	0.22%
ASML	F	0.21%
COIN	C	0.21%
ADSK	A	0.21%
CSX	C	0.21%
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%
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%
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	C	0.11%
IDXX	F	0.11%
UAL	A	0.1%
ON	D	0.1%
ZS	B	0.1%
TSCO	D	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%
TCOM	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%
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%
JD	D	0.06%
GEN	B	0.06%
JBHT	C	0.06%
CG	B	0.06%
TER	F	0.06%
ARGX	B	0.06%
GRAB	A	0.06%
PODD	C	0.06%
DKNG	B	0.06%
CHKP	C	0.06%
PFG	D	0.06%
MRNA	F	0.05%
INCY	C	0.05%
SNY	F	0.05%
LNT	A	0.05%
DOCU	B	0.05%
VTRS	A	0.05%
MORN	B	0.05%
ICLR	D	0.05%
TW	A	0.05%
ARM	F	0.05%
ULTA	F	0.05%
MKTX	D	0.04%
RIVN	F	0.04%
SMCI	F	0.04%
SEIC	B	0.04%
TECH	F	0.04%
HST	C	0.04%
NWSA	A	0.04%
NTES	D	0.04%
RPRX	D	0.04%
AAON	B	0.04%
JKHY	D	0.04%
PAA	B	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
RKLB	A	0.04%
CHRW	B	0.04%
BMRN	F	0.04%
BIDU	F	0.04%
LOGI	D	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%
CZR	F	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
HSIC	C	0.03%
COLB	B	0.03%
GLBE	B	0.03%
OTEX	F	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	D	0.03%
FOX	A	0.03%
AAL	B	0.03%
DOX	D	0.03%
LKQ	F	0.03%
BGNE	D	0.03%
EXAS	D	0.03%
FUTU	D	0.03%
WWD	C	0.03%
FOXA	A	0.03%
BNTX	C	0.03%
WIX	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	C	0.02%
VERX	A	0.02%
GSHD	A	0.02%
WDFC	B	0.02%
VRRM	F	0.02%
FTDR	B	0.02%
WSFS	B	0.02%
AUR	C	0.02%
CCOI	B	0.02%
GLNG	C	0.02%
QFIN	A	0.02%
MGEE	B	0.02%
FRSH	B	0.02%
SKYW	C	0.02%
CATY	B	0.02%
KRYS	C	0.02%
KTOS	B	0.02%
DORM	B	0.02%
NWS	A	0.02%
LOPE	C	0.02%
LI	F	0.02%
ALKT	B	0.02%
CHCI	D	0.02%
COLM	C	0.02%
CRNX	C	0.02%
VICR	C	0.02%
ICUI	D	0.02%
TFSL	A	0.02%
FIVE	F	0.02%
SBRA	C	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
BGC	C	0.02%
CALM	A	0.02%
PAYO	A	0.02%
IEP	F	0.02%
WMG	D	0.02%
VCTR	B	0.02%
ROAD	B	0.02%
PECO	A	0.02%
DJT	C	0.02%
PLXS	B	0.02%
TIGO	D	0.02%
USLM	A	0.02%
NCNO	C	0.02%
PRCT	B	0.02%
ONB	C	0.02%
STEP	C	0.02%
FELE	B	0.02%
VLY	B	0.02%
SITM	B	0.02%
LCID	F	0.02%
DBX	B	0.02%
ALTR	B	0.02%
GNTX	C	0.02%
AMKR	D	0.02%
CWST	A	0.02%
REYN	D	0.02%
HTHT	D	0.02%
MARA	B	0.02%
ACT	C	0.02%
RDNT	B	0.02%
UBSI	B	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
ACIW	B	0.02%
CGNX	D	0.02%
RCM	A	0.02%
SIGI	C	0.02%
QRVO	F	0.02%
CFLT	B	0.02%
XP	F	0.02%
CRVL	B	0.02%
FRPT	A	0.02%
JAZZ	B	0.02%
ASND	F	0.02%
COLL	F	0.01%
SRAD	A	0.01%
BFST	C	0.01%
AMWD	C	0.01%
KRUS	B	0.01%
PGNY	F	0.01%
LQDA	F	0.01%
PSNY	F	0.01%
GRFS	C	0.01%
IQ	F	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%
MOMO	D	0.01%
EBTC	C	0.01%
GDEN	B	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%
TRNS	D	0.01%
MGPI	F	0.01%
ARDX	F	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TRDA	C	0.01%
STAA	F	0.01%
ASTL	B	0.01%
KC	B	0.01%
VRNT	C	0.01%
HROW	D	0.01%
AOSL	C	0.01%
THRM	F	0.01%
IRON	B	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%
AVAH	B	0.01%
WASH	C	0.01%
GLUE	C	0.01%
PDFS	C	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%
FWRD	D	0.01%
MLCO	F	0.01%
HAFC	B	0.01%
RNW	D	0.01%
AVO	C	0.01%
CMCO	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
VRDN	D	0.01%
DOOO	F	0.01%
PFC	B	0.01%
SOUN	B	0.01%
UCTT	D	0.01%
TNDM	D	0.01%
MRTN	D	0.01%
SIMO	D	0.01%
WB	D	0.01%
SABR	C	0.01%
AHCO	F	0.01%
HLIT	D	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%
SCSC	C	0.01%
FTRE	D	0.01%
INFN	D	0.01%
ECPG	C	0.01%
HBNC	B	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%
IAS	C	0.01%
MCRI	A	0.01%
ATEX	F	0.01%
WINA	C	0.01%
ENVX	F	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	F	0.01%
NVCR	C	0.01%
RXST	F	0.01%
CRTO	D	0.01%
NEO	C	0.01%
AMSF	B	0.01%
FA	C	0.01%
PEBO	B	0.01%
MSEX	C	0.01%
TCBK	C	0.01%
ULH	C	0.01%
NEXT	C	0.01%
AZTA	D	0.01%
GDYN	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%
OCFC	B	0.01%
MQ	D	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	A	0.01%
LBPH	A	0.01%
MLKN	F	0.01%
PTGX	D	0.01%
ATSG	B	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%
GABC	B	0.01%
LKFN	C	0.01%
ZLAB	C	0.01%
INBK	B	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%
IOVA	F	0.01%
ASTH	F	0.01%
DIOD	D	0.01%
MBIN	F	0.01%
APPN	B	0.01%
ATAT	C	0.01%
NWBI	B	0.01%
ROIC	A	0.01%
ADUS	D	0.01%
BILI	D	0.01%
STRA	C	0.01%
EVCM	B	0.01%
HOPE	C	0.01%
STBA	B	0.01%
CNXC	F	0.01%
PTVE	B	0.01%
GDS	C	0.01%
YY	B	0.01%
ROCK	C	0.01%
WERN	C	0.01%
VBTX	B	0.01%
SASR	B	0.01%
XPEL	B	0.01%
LAUR	A	0.01%
DCOM	B	0.01%
NMRK	C	0.01%
CGON	F	0.01%
PRVA	C	0.01%
WSBC	B	0.01%
NNBR	C	0.01%
CLBK	C	0.01%
SYBT	B	0.01%
OSW	B	0.01%
SBCF	B	0.01%
PINC	B	0.01%
TTMI	C	0.01%
FRME	B	0.01%
VRNA	B	0.01%
UFPT	C	0.01%
WULF	C	0.01%
KROS	D	0.01%
PSMT	D	0.01%
GOGL	F	0.01%
CIFR	C	0.01%
CLSK	C	0.01%
TRUP	B	0.01%
FORM	D	0.01%
STNE	F	0.01%
EFSC	B	0.01%
FBNC	B	0.01%
SKWD	A	0.01%
GT	C	0.01%
NWE	B	0.01%
MYRG	B	0.01%
FFBC	B	0.01%
MRUS	F	0.01%
TFIN	B	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
HCP	B	0.01%
GGAL	B	0.01%
ASTE	C	0.01%
JBLU	F	0.01%
EWTX	C	0.01%
SHOO	F	0.01%
ERIC	C	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%
INDB	B	0.01%
PLMR	A	0.01%
RBCAA	B	0.01%
ZD	B	0.01%
NEOG	F	0.01%
ZG	A	0.01%
TOWN	B	0.01%
LEGN	D	0.01%
RNA	C	0.01%
AVT	C	0.01%
ESGR	B	0.01%
VOD	F	0.01%
WVE	C	0.01%
IAC	F	0.01%
IRDM	D	0.01%
XENE	D	0.01%
JJSF	C	0.01%
IBTX	B	0.01%
URBN	C	0.01%
NMIH	C	0.01%
PENN	C	0.01%
BZ	F	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	B	0.01%
HUBG	A	0.01%
ACVA	B	0.01%
RYTM	C	0.01%
EBC	B	0.01%
AGIO	C	0.01%
RARE	F	0.01%
HTLF	B	0.01%
BHF	C	0.01%
FIBK	B	0.01%
SMPL	B	0.01%
IMVT	F	0.01%

ONEQ Underweight 544 Positions Relative to SMLF

Symbol	Grade	Weight
EME	A	-0.94%
EVR	B	-0.81%
DECK	A	-0.72%
ALSN	B	-0.56%
JBL	C	-0.55%
SLG	B	-0.49%
MLI	B	-0.49%
RS	B	-0.49%
NVT	B	-0.49%
CVNA	B	-0.46%
IDA	A	-0.46%
FIX	A	-0.44%
COCO	A	-0.43%
WSM	C	-0.42%
PCOR	B	-0.42%
CSL	C	-0.41%
LPX	B	-0.41%
IOT	A	-0.41%
VNO	C	-0.41%
ORI	A	-0.41%
JEF	A	-0.4%
HRB	D	-0.4%
DKS	D	-0.38%
BRX	A	-0.37%
AM	A	-0.37%
CNM	D	-0.36%
CR	A	-0.35%
AYI	B	-0.35%
PIPR	A	-0.34%
CAVA	B	-0.34%
WK	B	-0.34%
JHG	B	-0.31%
HSII	B	-0.31%
WSO	A	-0.31%
ITT	A	-0.31%
FR	D	-0.31%
SOLV	D	-0.31%
MAC	B	-0.31%
DDS	B	-0.31%
THC	D	-0.31%
TPR	B	-0.3%
SPXC	A	-0.3%
ANF	F	-0.3%
CHE	D	-0.3%
GGG	B	-0.3%
EXE	A	-0.29%
PSTG	D	-0.29%
PRI	B	-0.28%
R	B	-0.28%
AGO	B	-0.27%
SN	D	-0.27%
SMAR	B	-0.26%
ESTC	C	-0.26%
SIG	B	-0.26%
GPK	C	-0.26%
AMH	C	-0.25%
OVV	B	-0.25%
MOD	A	-0.25%
CFR	B	-0.25%
TPX	B	-0.24%
TREX	C	-0.24%
AN	C	-0.24%
SKT	A	-0.24%
CW	C	-0.23%
GAP	C	-0.23%
AMG	B	-0.23%
YOU	D	-0.23%
BCC	B	-0.22%
GPI	B	-0.22%
RPM	A	-0.22%
WS	C	-0.22%
MATX	C	-0.21%
RNR	C	-0.21%
AR	B	-0.21%
TOST	B	-0.21%
BLD	D	-0.21%
AZPN	A	-0.21%
RDDT	A	-0.2%
ELF	C	-0.2%
ATKR	D	-0.2%
RRX	B	-0.2%
AGCO	D	-0.2%
DTM	A	-0.2%
BBWI	C	-0.2%
HAE	C	-0.2%
WCC	B	-0.2%
LUMN	C	-0.2%
TEX	F	-0.19%
M	F	-0.19%
RNG	C	-0.19%
SMG	C	-0.19%
JOE	F	-0.19%
ACM	B	-0.19%
MUR	D	-0.19%
RRC	B	-0.19%
HLI	A	-0.18%
KNSL	B	-0.18%
ARW	D	-0.18%
TDOC	C	-0.18%
ESAB	C	-0.18%
USFD	A	-0.18%
HIW	C	-0.18%
OC	A	-0.18%
DCI	B	-0.18%
AVNT	B	-0.18%
VOYA	B	-0.17%
PVH	C	-0.17%
TKR	D	-0.17%
BRC	D	-0.17%
PDM	D	-0.17%
PRG	C	-0.17%
KRG	B	-0.17%
RHI	C	-0.17%
XPO	B	-0.17%
AIZ	A	-0.17%
PRKS	B	-0.17%
JBSS	F	-0.17%
SF	B	-0.17%
KIM	A	-0.16%
IVT	A	-0.16%
SRCE	B	-0.16%
ALLE	C	-0.16%
BMI	B	-0.16%
BJ	A	-0.16%
WTM	A	-0.16%
LRN	A	-0.16%
TOL	B	-0.16%
GME	C	-0.16%
TNL	A	-0.16%
CNO	B	-0.16%
FAF	A	-0.16%
OMF	A	-0.16%
PGRE	F	-0.16%
KFRC	D	-0.16%
GATX	A	-0.15%
LBTYA	F	-0.15%
GNRC	C	-0.15%
SBGI	B	-0.15%
HOG	D	-0.15%
ONON	A	-0.15%
GES	F	-0.15%
RL	C	-0.15%
ONTO	F	-0.15%
W	D	-0.15%
VMI	B	-0.15%
FTAI	A	-0.15%
DOCS	C	-0.15%
SPB	C	-0.15%
ABG	C	-0.15%
CWEN	C	-0.15%
SKY	A	-0.15%
ESI	B	-0.15%
AMR	C	-0.14%
ATI	C	-0.14%
VSTO	A	-0.14%
IGT	F	-0.14%
CMC	B	-0.14%
NJR	A	-0.14%
UA	C	-0.14%
TTC	C	-0.14%
YEXT	B	-0.14%
SCI	B	-0.14%
SSD	F	-0.14%
TPH	D	-0.14%
THO	B	-0.13%
NFG	A	-0.13%
TNET	F	-0.13%
ACCO	C	-0.13%
OGS	A	-0.13%
BWXT	B	-0.13%
GOLF	B	-0.13%
RYAN	A	-0.13%
KAI	B	-0.13%
BDN	C	-0.13%
SFBS	C	-0.13%
AA	A	-0.13%
SR	A	-0.12%
INSP	D	-0.12%
AROC	A	-0.12%
AWR	B	-0.12%
KBR	F	-0.12%
GEO	B	-0.12%
NYT	D	-0.12%
OGE	A	-0.12%
GFF	A	-0.12%
BKE	B	-0.12%
WH	B	-0.12%
KRC	B	-0.12%
NOV	C	-0.12%
AIT	B	-0.12%
CBT	D	-0.12%
WTS	B	-0.12%
FHI	B	-0.11%
TXNM	A	-0.11%
LAZ	B	-0.11%
SSTK	F	-0.11%
OII	B	-0.11%
DFIN	D	-0.11%
LOVE	A	-0.11%
CUBE	C	-0.11%
MFA	D	-0.11%
HTH	C	-0.11%
BAND	B	-0.11%
CXW	C	-0.11%
MCB	B	-0.11%
NSP	F	-0.11%
KW	C	-0.1%
MTRN	C	-0.1%
ASB	B	-0.1%
HP	C	-0.1%
ACA	A	-0.1%
DNOW	B	-0.1%
IVZ	B	-0.1%
UGI	C	-0.1%
CRC	A	-0.1%
NNN	C	-0.1%
HUN	F	-0.1%
HOV	D	-0.1%
X	B	-0.1%
ALX	D	-0.1%
AGM	B	-0.1%
WAL	B	-0.1%
BERY	C	-0.1%
WMS	F	-0.1%
HIMS	B	-0.1%
VSH	F	-0.09%
CXT	C	-0.09%
PHIN	A	-0.09%
MRC	B	-0.09%
MTN	C	-0.09%
ATEN	A	-0.09%
APG	B	-0.09%
PBH	A	-0.09%
HI	C	-0.09%
LZ	C	-0.09%
FLG	D	-0.09%
PLNT	A	-0.09%
EGP	D	-0.09%
BC	C	-0.09%
ALIT	C	-0.09%
TGNA	B	-0.09%
TMHC	C	-0.09%
OHI	C	-0.09%
MTG	C	-0.09%
COUR	F	-0.09%
AMLX	C	-0.09%
OLN	F	-0.09%
WEX	D	-0.09%
CUBI	B	-0.09%
SON	F	-0.09%
CRS	B	-0.09%
LILA	D	-0.08%
FLR	B	-0.08%
CAL	F	-0.08%
ELAN	D	-0.08%
SCS	C	-0.08%
OSCR	D	-0.08%
PD	C	-0.08%
YETI	D	-0.08%
KN	B	-0.08%
GMS	B	-0.08%
WOR	F	-0.08%
DLX	B	-0.08%
VFC	C	-0.08%
BOX	B	-0.08%
AGX	B	-0.08%
CUZ	B	-0.08%
KSS	F	-0.08%
CARS	C	-0.08%
BDC	C	-0.08%
ALV	C	-0.08%
CNMD	C	-0.07%
CLH	C	-0.07%
EQC	B	-0.07%
DH	F	-0.07%
HASI	D	-0.07%
PEN	B	-0.07%
EYPT	D	-0.07%
MATV	D	-0.07%
VAC	C	-0.07%
RIG	D	-0.07%
LXP	D	-0.07%
POR	C	-0.07%
AMPL	B	-0.07%
WLY	B	-0.07%
NBR	C	-0.07%
EPAC	C	-0.07%
NTB	B	-0.07%
GKOS	B	-0.07%
DOMO	B	-0.07%
GCO	C	-0.07%
ASH	F	-0.07%
KNF	B	-0.07%
SM	B	-0.07%
CEIX	A	-0.07%
WNC	C	-0.07%
NVST	B	-0.06%
CC	C	-0.06%
AVXL	B	-0.06%
YELP	C	-0.06%
OXM	F	-0.06%
AVDX	B	-0.06%
GPMT	C	-0.06%
COTY	F	-0.06%
S	B	-0.06%
FN	C	-0.06%
TNC	D	-0.06%
NXT	C	-0.06%
ILPT	F	-0.06%
AMCX	C	-0.06%
HCC	B	-0.06%
CNX	A	-0.06%
TRN	B	-0.06%
STWD	C	-0.06%
MCY	A	-0.06%
CTBI	B	-0.06%
MPW	F	-0.06%
BRBR	A	-0.06%
FUN	C	-0.06%
LADR	B	-0.06%
FLO	D	-0.06%
RDN	D	-0.06%
WTTR	A	-0.06%
RYN	D	-0.06%
ADEA	C	-0.06%
BCO	F	-0.06%
SFL	D	-0.06%
AIV	C	-0.06%
AZEK	A	-0.06%
HE	C	-0.06%
UVV	B	-0.06%
KD	B	-0.06%
MED	D	-0.06%
ITGR	B	-0.05%
SNV	C	-0.05%
ACI	C	-0.05%
SONO	C	-0.05%
PZZA	F	-0.05%
LBTYK	A	-0.05%
EHC	B	-0.05%
TILE	B	-0.05%
SITE	F	-0.05%
CERS	D	-0.05%
AEO	F	-0.05%
AMBC	C	-0.05%
PATH	C	-0.05%
HOUS	F	-0.05%
MERC	F	-0.05%
KOS	D	-0.05%
ZIP	D	-0.05%
VNT	C	-0.05%
THR	B	-0.05%
WBS	A	-0.05%
ASAN	B	-0.05%
PK	C	-0.05%
MDXG	B	-0.05%
WGO	C	-0.05%
FCN	F	-0.04%
MAN	F	-0.04%
HPP	F	-0.04%
STAG	D	-0.04%
MDU	D	-0.04%
CORZ	B	-0.04%
PFSI	C	-0.04%
KREF	C	-0.04%
OUT	A	-0.04%
DIN	C	-0.04%
PRGO	C	-0.04%
LPG	F	-0.04%
AGS	A	-0.04%
IDT	B	-0.04%
ENS	F	-0.04%
SANA	F	-0.04%
TPB	B	-0.04%
SAH	C	-0.04%
ANAB	F	-0.04%
NATL	B	-0.04%
HELE	C	-0.04%
KLG	B	-0.04%
ARRY	F	-0.04%
BILL	A	-0.04%
CFFN	C	-0.04%
OMI	F	-0.04%
HLF	C	-0.04%
ANGI	F	-0.04%
IBP	D	-0.04%
NHI	D	-0.04%
HSTM	B	-0.04%
MMS	F	-0.04%
FHN	A	-0.04%
TDS	B	-0.04%
RCUS	F	-0.04%
SWIM	C	-0.03%
AXTA	B	-0.03%
GMED	A	-0.03%
RDFN	D	-0.03%
ADT	C	-0.03%
MOG.A	B	-0.03%
LTH	C	-0.03%
FL	F	-0.03%
VNDA	C	-0.03%
RGNX	D	-0.03%
EVTC	B	-0.03%
NX	C	-0.03%
DNB	B	-0.03%
OFIX	C	-0.03%
XHR	B	-0.03%
CIEN	C	-0.03%
QDEL	F	-0.03%
REVG	C	-0.03%
SNBR	F	-0.03%
RYI	C	-0.03%
CHWY	B	-0.03%
ARCH	B	-0.03%
BRSP	C	-0.03%
CDP	C	-0.03%
HNI	B	-0.03%
AMN	F	-0.03%
ACCD	D	-0.03%
CGEM	F	-0.03%
IVR	F	-0.03%
CNS	B	-0.03%
RLI	A	-0.03%
RKT	F	-0.03%
UVE	B	-0.03%
NRC	F	-0.03%
OI	C	-0.03%
BKD	F	-0.03%
CVI	F	-0.03%
RXT	C	-0.02%
ERAS	C	-0.02%
SSB	B	-0.02%
CACI	D	-0.02%
SLVM	B	-0.02%
MSM	C	-0.02%
TSE	F	-0.02%
KVYO	C	-0.02%
UNFI	A	-0.02%
ARCT	F	-0.02%
OMER	A	-0.02%
VSTS	C	-0.02%
BRY	F	-0.02%
EVH	F	-0.02%
PRO	C	-0.02%
RAMP	B	-0.02%
QRTEA	F	-0.02%
GPRO	F	-0.02%
SAFE	F	-0.02%
KFY	B	-0.02%
MSA	F	-0.02%
JELD	F	-0.02%
EDR	A	-0.02%
KRNY	C	-0.02%
DAN	D	-0.02%
DOCN	C	-0.02%
ALAB	B	-0.02%
EVRI	A	-0.02%
NUS	D	-0.02%
EPR	C	-0.02%
OPI	F	-0.02%
IRWD	F	-0.02%
FSS	B	-0.02%
MTW	C	-0.02%
DY	D	-0.02%
DBI	F	-0.02%
CLVT	D	-0.02%
PR	B	-0.02%
RLJ	C	-0.02%
PBF	D	-0.02%
SITC	D	-0.02%
SVC	F	-0.02%
TWO	F	-0.02%
OPEN	F	-0.02%
WD	D	-0.02%
USNA	C	-0.02%
CALX	D	-0.02%
CWK	C	-0.01%
VAL	F	-0.01%
DINO	D	-0.01%
PGEN	F	-0.01%
AIN	C	-0.01%
ARR	D	-0.01%
PEB	D	-0.01%
EPC	F	-0.01%
SFIX	B	-0.01%
FLWS	D	-0.01%
TDC	D	-0.01%
XPRO	D	-0.01%
MBC	F	-0.01%
BIGC	B	-0.01%
MLAB	F	-0.01%
GO	C	-0.01%
JOBY	B	-0.01%
UTL	B	-0.01%
WTI	F	-0.01%
ZUO	B	-0.01%
NWN	A	-0.01%
BKH	A	-0.01%
SWI	C	-0.01%
MITK	C	-0.01%
NTLA	F	-0.01%
VRE	B	-0.01%
TR	B	-0.01%
SWX	B	-0.01%
HCAT	D	-0.01%
OIS	B	-0.01%
RBRK	A	-0.01%
NGVT	B	-0.01%
ENVA	B	-0.01%
HMST	F	-0.01%
AXS	A	-0.01%
STGW	A	-0.01%
ENR	B	-0.01%
BSIG	A	-0.01%
GEF	A	-0.01%
GWRE	A	-0.01%
RHP	B	-0.01%
ASGN	F	-0.01%
MBLY	C	-0.01%
OSUR	F	-0.01%
PII	F	-0.01%
NEXA	B	-0.01%
BYD	B	-0.01%
UPWK	B	-0.01%
HXL	F	-0.01%
NFBK	C	-0.01%
SHO	D	-0.01%
MAGN	D	-0.0%
BFH	C	-0.0%
MC	C	-0.0%
SEE	C	-0.0%
GDOT	D	-0.0%
EGBN	B	-0.0%
EIG	B	-0.0%
JXN	C	-0.0%
BOH	B	-0.0%
DEI	B	-0.0%
GNW	A	-0.0%
UNM	A	-0.0%
FBP	C	-0.0%
BKU	A	-0.0%
CMA	B	-0.0%
AX	B	-0.0%
OFG	B	-0.0%