ONEQ vs. SMLV ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to SPDR Russell 2000 Low Volatility (SMLV)

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

$74.95

Average Daily Volume

238,552

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$139.06

Average Daily Volume

5,752

Number of Holdings ^*

404

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	SMLV
30 Days	4.10%	11.47%
60 Days	5.77%	11.54%
90 Days	6.51%	11.93%
12 Months	33.93%	41.14%

130 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in SMLV	Overlap
ACAD	D	0.01%	0.02%	0.01%
ACIW	B	0.02%	0.1%	0.02%
ADMA	B	0.01%	0.13%	0.01%
ADUS	D	0.01%	0.09%	0.01%
AEIS	B	0.02%	0.05%	0.02%
AGIO	C	0.01%	0.06%	0.01%
ALKS	B	0.02%	0.05%	0.02%
ALRM	C	0.01%	0.04%	0.01%
AMED	F	0.01%	0.05%	0.01%
AMPH	D	0.01%	0.04%	0.01%
AMSF	B	0.01%	0.73%	0.01%
ANIP	F	0.01%	0.04%	0.01%
APOG	B	0.01%	0.09%	0.01%
ATEX	D	0.01%	0.05%	0.01%
ATRC	C	0.01%	0.04%	0.01%
AVT	C	0.01%	0.08%	0.01%
AZTA	D	0.01%	0.02%	0.01%
BL	B	0.01%	0.05%	0.01%
BLKB	B	0.02%	0.09%	0.02%
BUSE	B	0.01%	0.96%	0.01%
CALM	A	0.02%	0.15%	0.02%
CBRL	C	0.01%	0.03%	0.01%
CCOI	B	0.02%	0.09%	0.02%
CEVA	B	0.01%	0.05%	0.01%
CHCO	B	0.01%	1.25%	0.01%
CMCO	B	0.01%	0.06%	0.01%
CNXC	F	0.01%	0.03%	0.01%
COLM	B	0.02%	0.12%	0.02%
CORT	B	0.02%	0.08%	0.02%
CSGS	B	0.01%	0.12%	0.01%
CSWI	A	0.03%	0.19%	0.03%
CVCO	A	0.02%	0.06%	0.02%
CVLT	B	0.03%	0.14%	0.03%
DORM	B	0.02%	0.11%	0.02%
EBTC	B	0.01%	0.23%	0.01%
EFSC	B	0.01%	1.08%	0.01%
ESGR	B	0.01%	1.12%	0.01%
EXPO	D	0.02%	0.12%	0.02%
FELE	B	0.02%	0.14%	0.02%
FFIN	B	0.02%	1.19%	0.02%
FORM	D	0.01%	0.04%	0.01%
FTDR	A	0.02%	0.12%	0.02%
FULT	A	0.01%	0.98%	0.01%
GABC	B	0.01%	0.84%	0.01%
HRMY	D	0.01%	0.04%	0.01%
HTLD	B	0.01%	0.14%	0.01%
HUBG	A	0.01%	0.1%	0.01%
HURN	B	0.01%	0.08%	0.01%
HWKN	B	0.01%	0.12%	0.01%
IBOC	A	0.02%	1.07%	0.02%
ICFI	F	0.01%	0.14%	0.01%
ICUI	D	0.02%	0.09%	0.02%
INSM	C	0.03%	0.08%	0.03%
INVA	D	0.01%	0.1%	0.01%
IOSP	B	0.01%	0.08%	0.01%
IRDM	D	0.01%	0.05%	0.01%
JJSF	B	0.01%	0.15%	0.01%
LAUR	A	0.01%	0.07%	0.01%
LILAK	D	0.01%	0.05%	0.01%
LIVN	F	0.01%	0.05%	0.01%
LKFN	B	0.01%	0.81%	0.01%
LMAT	A	0.01%	0.11%	0.01%
LOPE	B	0.02%	0.08%	0.02%
MATW	C	0.01%	0.05%	0.01%
MGEE	C	0.02%	0.23%	0.02%
MGRC	B	0.01%	1.02%	0.01%
MMSI	B	0.02%	0.06%	0.02%
MRCY	B	0.01%	0.08%	0.01%
MRTN	C	0.01%	0.11%	0.01%
MYRG	B	0.01%	0.06%	0.01%
NARI	C	0.01%	0.04%	0.01%
NBTB	B	0.01%	1.37%	0.01%
NCNO	B	0.02%	0.1%	0.02%
NEOG	F	0.01%	0.04%	0.01%
NTCT	C	0.01%	0.1%	0.01%
NWBI	B	0.01%	1.17%	0.01%
NWE	B	0.01%	0.22%	0.01%
OMCL	C	0.01%	0.08%	0.01%
ONB	B	0.02%	1.44%	0.02%
OSIS	B	0.01%	0.11%	0.01%
PCH	D	0.01%	0.08%	0.01%
PDCO	D	0.01%	0.04%	0.01%
PEBO	A	0.01%	0.77%	0.01%
PECO	A	0.02%	0.2%	0.02%
PINC	B	0.01%	0.12%	0.01%
PLUS	F	0.01%	0.06%	0.01%
PLXS	B	0.02%	0.14%	0.02%
POWI	D	0.01%	0.05%	0.01%
PRDO	B	0.01%	0.08%	0.01%
PRGS	A	0.01%	0.11%	0.01%
PSMT	C	0.01%	0.08%	0.01%
PTCT	B	0.01%	0.04%	0.01%
RARE	D	0.01%	0.03%	0.01%
RDNT	B	0.02%	0.06%	0.02%
RDWR	B	0.01%	0.09%	0.01%
ROAD	A	0.02%	0.14%	0.02%
RUSHA	C	0.02%	0.11%	0.02%
SAFT	C	0.01%	0.79%	0.01%
SANM	B	0.02%	0.07%	0.02%
SASR	B	0.01%	1.09%	0.01%
SATS	D	0.01%	0.06%	0.01%
SCSC	B	0.01%	0.05%	0.01%
SFNC	B	0.02%	0.85%	0.02%
SHOO	D	0.01%	0.06%	0.01%
SPNS	F	0.01%	0.05%	0.01%
STBA	B	0.01%	0.91%	0.01%
STRA	C	0.01%	0.05%	0.01%
SUPN	C	0.01%	0.07%	0.01%
SYBT	B	0.01%	1.13%	0.01%
THRM	D	0.01%	0.04%	0.01%
TOWN	B	0.01%	1.06%	0.01%
TRMK	B	0.01%	1.0%	0.01%
TRNS	D	0.01%	0.07%	0.01%
TRS	B	0.01%	0.14%	0.01%
TTGT	C	0.01%	0.05%	0.01%
TTMI	B	0.01%	0.08%	0.01%
UFPT	B	0.01%	0.11%	0.01%
VECO	F	0.01%	0.03%	0.01%
VIAV	B	0.01%	0.07%	0.01%
VIRT	B	0.02%	1.49%	0.02%
VRNT	C	0.01%	0.04%	0.01%
WABC	B	0.01%	0.95%	0.01%
WAFD	B	0.01%	0.93%	0.01%
WDFC	B	0.02%	0.1%	0.02%
WEN	D	0.01%	0.1%	0.01%
WERN	C	0.01%	0.14%	0.01%
WINA	B	0.01%	0.09%	0.01%
WSBC	A	0.01%	0.89%	0.01%
XNCR	B	0.01%	0.05%	0.01%
ZD	C	0.01%	0.05%	0.01%

ONEQ Overweight 700 Positions Relative to SMLV

Symbol	Grade	Weight
NVDA	C	11.52%
AAPL	C	11.32%
MSFT	F	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	A	1.17%
TMUS	B	0.89%
CSCO	B	0.76%
ADBE	C	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	D	0.69%
INTU	C	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	C	0.41%
ADP	B	0.4%
VRTX	F	0.39%
SBUX	A	0.37%
GILD	C	0.36%
INTC	D	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	B	0.28%
MDLZ	F	0.28%
CTAS	B	0.27%
REGN	F	0.27%
KLAC	D	0.27%
CME	A	0.27%
CRWD	B	0.26%
CDNS	B	0.26%
SNPS	B	0.26%
MRVL	B	0.25%
MAR	B	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	C	0.21%
ADSK	A	0.21%
CSX	B	0.21%
MSTR	C	0.2%
CHTR	C	0.19%
ABNB	C	0.19%
ROP	B	0.19%
PCAR	B	0.19%
CPRT	A	0.18%
NXPI	D	0.18%
WDAY	B	0.18%
PAYX	C	0.17%
FANG	D	0.17%
MNST	C	0.17%
TTD	B	0.17%
FAST	B	0.16%
AEP	D	0.16%
NDAQ	A	0.15%
ROST	C	0.15%
ODFL	B	0.15%
EA	A	0.14%
KDP	D	0.14%
BKR	B	0.14%
AXON	A	0.14%
CTSH	B	0.13%
EXC	C	0.13%
DDOG	A	0.13%
TEAM	A	0.13%
VRSK	A	0.13%
ACGL	D	0.13%
XEL	A	0.13%
AZN	D	0.12%
GEHC	F	0.12%
KHC	F	0.12%
LULU	C	0.12%
WTW	B	0.11%
MCHP	D	0.11%
CCEP	C	0.11%
IDXX	F	0.11%
UAL	A	0.1%
ON	D	0.1%
ZS	C	0.1%
TSCO	D	0.1%
FCNCA	A	0.1%
CSGP	D	0.1%
DXCM	D	0.1%
EBAY	D	0.1%
ALNY	D	0.1%
TTWO	A	0.1%
MPWR	F	0.09%
ANSS	B	0.09%
FITB	A	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	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%
IBKR	A	0.07%
STX	D	0.07%
ZM	B	0.07%
WDC	D	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	D	0.07%
HOLX	D	0.06%
SSNC	B	0.06%
VRSN	F	0.06%
TRMB	B	0.06%
ALGN	D	0.06%
NTNX	A	0.06%
JD	D	0.06%
GEN	B	0.06%
MANH	D	0.06%
JBHT	C	0.06%
NTRA	B	0.06%
CG	A	0.06%
TER	D	0.06%
ARGX	A	0.06%
GRAB	B	0.06%
PODD	C	0.06%
DKNG	B	0.06%
CHKP	D	0.06%
PFG	D	0.06%
NDSN	B	0.05%
BSY	D	0.05%
SAIA	B	0.05%
EWBC	A	0.05%
MRNA	F	0.05%
ENTG	D	0.05%
INCY	C	0.05%
SNY	F	0.05%
SFM	A	0.05%
CASY	A	0.05%
LNT	A	0.05%
DOCU	A	0.05%
VTRS	A	0.05%
MORN	B	0.05%
AFRM	B	0.05%
FLEX	A	0.05%
ICLR	D	0.05%
SOFI	A	0.05%
UTHR	C	0.05%
TW	A	0.05%
ARM	D	0.05%
ULTA	F	0.05%
MKTX	D	0.04%
EXEL	B	0.04%
RIVN	F	0.04%
SMCI	F	0.04%
LECO	B	0.04%
SEIC	B	0.04%
TECH	D	0.04%
HST	C	0.04%
NWSA	B	0.04%
NTES	D	0.04%
DUOL	A	0.04%
RPRX	D	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	C	0.04%
RKLB	B	0.04%
CHRW	C	0.04%
BMRN	D	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	B	0.04%
AKAM	D	0.04%
PPC	C	0.04%
REG	B	0.04%
POOL	C	0.04%
EVRG	A	0.04%
DLTR	F	0.04%
BRKR	D	0.03%
CZR	F	0.03%
BOKF	B	0.03%
SAIC	F	0.03%
HSIC	B	0.03%
ZION	B	0.03%
COLB	A	0.03%
CHRD	D	0.03%
LNW	D	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
APA	D	0.03%
GTLB	B	0.03%
OTEX	D	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
PEGA	A	0.03%
ROIV	C	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	C	0.03%
ROKU	D	0.03%
FOX	A	0.03%
AAL	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	D	0.03%
DOX	D	0.03%
FYBR	D	0.03%
LKQ	D	0.03%
WING	D	0.03%
CHDN	B	0.03%
BGNE	D	0.03%
EXAS	D	0.03%
RVMD	C	0.03%
FUTU	D	0.03%
PCVX	D	0.03%
MTSI	B	0.03%
WWD	B	0.03%
LAMR	D	0.03%
FOXA	B	0.03%
BNTX	D	0.03%
COKE	C	0.03%
CBSH	A	0.03%
RGLD	C	0.03%
SRPT	D	0.03%
WIX	B	0.03%
WTFC	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
VERX	B	0.02%
GSHD	A	0.02%
OZK	B	0.02%
VRRM	D	0.02%
WBA	F	0.02%
TBBK	B	0.02%
GH	B	0.02%
TGTX	B	0.02%
WSFS	A	0.02%
AUR	C	0.02%
GLNG	C	0.02%
QFIN	B	0.02%
FRSH	C	0.02%
ALGM	D	0.02%
IPAR	B	0.02%
SKYW	B	0.02%
PI	D	0.02%
CATY	B	0.02%
APPF	B	0.02%
KRYS	B	0.02%
KTOS	B	0.02%
NWS	B	0.02%
LI	F	0.02%
ALKT	B	0.02%
CHCI	D	0.02%
NWL	B	0.02%
BBIO	F	0.02%
ACLX	C	0.02%
CRNX	C	0.02%
VICR	B	0.02%
BANF	B	0.02%
LANC	C	0.02%
LNTH	D	0.02%
TFSL	A	0.02%
FIVE	F	0.02%
SBRA	C	0.02%
AXSM	B	0.02%
SHC	F	0.02%
FIZZ	C	0.02%
CACC	D	0.02%
BPMC	C	0.02%
BGC	C	0.02%
PAYO	A	0.02%
TCBI	B	0.02%
IEP	F	0.02%
WMG	C	0.02%
CRUS	D	0.02%
VCTR	B	0.02%
DJT	C	0.02%
EEFT	B	0.02%
INTA	A	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%
PRCT	B	0.02%
ITRI	B	0.02%
QLYS	C	0.02%
CROX	D	0.02%
HALO	F	0.02%
BECN	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	B	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	C	0.02%
SLM	A	0.02%
AMKR	D	0.02%
CELH	F	0.02%
ETSY	D	0.02%
CWST	A	0.02%
NXST	C	0.02%
REYN	D	0.02%
HTHT	D	0.02%
WFRD	D	0.02%
MARA	C	0.02%
ACT	D	0.02%
AVAV	D	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	F	0.02%
WSC	D	0.02%
LITE	B	0.02%
OLLI	D	0.02%
UPST	B	0.02%
STRL	B	0.02%
CGNX	C	0.02%
RCM	F	0.02%
BCPC	B	0.02%
MDGL	B	0.02%
SIGI	C	0.02%
QRVO	F	0.02%
IESC	B	0.02%
UMBF	B	0.02%
CFLT	B	0.02%
RGEN	D	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
ENSG	D	0.02%
XP	F	0.02%
CRVL	A	0.02%
UFPI	B	0.02%
MAT	D	0.02%
MMYT	B	0.02%
CRDO	B	0.02%
TPG	A	0.02%
MIDD	C	0.02%
FRPT	B	0.02%
OLED	D	0.02%
LYFT	C	0.02%
SPSC	C	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
ASND	D	0.02%
MKSI	C	0.02%
COLL	F	0.01%
SRAD	A	0.01%
BFST	C	0.01%
AMWD	C	0.01%
KRUS	B	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%
BLBD	D	0.01%
GSM	D	0.01%
CNSL	C	0.01%
SAVA	D	0.01%
MOMO	D	0.01%
EMBC	C	0.01%
GDEN	B	0.01%
GIII	D	0.01%
IMKTA	C	0.01%
BVS	D	0.01%
COGT	D	0.01%
EYE	C	0.01%
BCBP	A	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%
PYCR	C	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TRDA	B	0.01%
STAA	F	0.01%
ASTL	B	0.01%
KC	A	0.01%
HROW	D	0.01%
NSSC	D	0.01%
VITL	D	0.01%
SPRY	D	0.01%
AOSL	C	0.01%
IRON	B	0.01%
TLRY	F	0.01%
PLAY	D	0.01%
SCVL	F	0.01%
OPK	C	0.01%
NVEE	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%
VIR	D	0.01%
AVAH	B	0.01%
WASH	C	0.01%
GLUE	C	0.01%
PDFS	C	0.01%
OLPX	D	0.01%
IBUY	A	0.01%
KURA	F	0.01%
CLDX	F	0.01%
FWRD	D	0.01%
MLCO	F	0.01%
HAFC	A	0.01%
RNW	D	0.01%
AVO	C	0.01%
SPT	C	0.01%
KALU	C	0.01%
FWRG	C	0.01%
TXG	F	0.01%
CNDT	C	0.01%
VRDN	D	0.01%
BCRX	D	0.01%
BASE	C	0.01%
FLYW	C	0.01%
DOOO	F	0.01%
PFC	A	0.01%
SOUN	C	0.01%
DAWN	F	0.01%
UCTT	D	0.01%
TNDM	F	0.01%
SNDX	F	0.01%
SIMO	D	0.01%
UDMY	F	0.01%
WB	D	0.01%
SABR	C	0.01%
AHCO	F	0.01%
HLIT	D	0.01%
LBRDA	C	0.01%
INMD	C	0.01%
PLAB	C	0.01%
KRNT	C	0.01%
TVTX	B	0.01%
DLO	C	0.01%
XRX	F	0.01%
FTRE	D	0.01%
NAVI	C	0.01%
INFN	C	0.01%
UNIT	B	0.01%
ECPG	B	0.01%
HBNC	B	0.01%
CRAI	B	0.01%
CENTA	C	0.01%
ARVN	D	0.01%
MBUU	C	0.01%
QNST	B	0.01%
ANDE	D	0.01%
ACLS	F	0.01%
IAS	C	0.01%
MCRI	A	0.01%
ENVX	F	0.01%
HAIN	C	0.01%
IREN	C	0.01%
PCT	C	0.01%
TWST	D	0.01%
NVCR	C	0.01%
RXST	F	0.01%
CRTO	C	0.01%
NEO	C	0.01%
FA	C	0.01%
MSEX	B	0.01%
PFBC	B	0.01%
TCBK	B	0.01%
ULH	B	0.01%
NEXT	B	0.01%
AKRO	B	0.01%
GDYN	B	0.01%
UPBD	B	0.01%
PAGP	A	0.01%
AXNX	C	0.01%
AUPH	B	0.01%
CNXN	C	0.01%
SBLK	F	0.01%
DGII	B	0.01%
MNKD	C	0.01%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	F	0.01%
ERII	D	0.01%
RUN	F	0.01%
CHEF	A	0.01%
LBPH	A	0.01%
VC	D	0.01%
MLKN	D	0.01%
PTGX	C	0.01%
AY	B	0.01%
ATSG	B	0.01%
DVAX	C	0.01%
TARS	B	0.01%
DNUT	D	0.01%
TMDX	F	0.01%
VSEC	C	0.01%
RRR	D	0.01%
IDYA	F	0.01%
TRMD	F	0.01%
GTX	D	0.01%
BEAM	D	0.01%
ZLAB	C	0.01%
INBK	B	0.01%
JANX	C	0.01%
HPK	B	0.01%
RIOT	C	0.01%
LGIH	D	0.01%
ULCC	D	0.01%
GERN	D	0.01%
KYMR	D	0.01%
DYN	F	0.01%
IOVA	F	0.01%
CMPR	D	0.01%
ASTH	D	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
MBIN	D	0.01%
VERA	B	0.01%
APPN	B	0.01%
ATAT	C	0.01%
ROIC	A	0.01%
JAMF	F	0.01%
EXTR	B	0.01%
BILI	D	0.01%
CAKE	C	0.01%
EVCM	B	0.01%
HOPE	B	0.01%
CPRX	C	0.01%
PTVE	B	0.01%
GDS	C	0.01%
YY	C	0.01%
ROCK	C	0.01%
RPD	C	0.01%
IRTC	D	0.01%
VBTX	B	0.01%
XPEL	C	0.01%
DCOM	A	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%
NNBR	C	0.01%
CAR	C	0.01%
ARCB	C	0.01%
CLBK	B	0.01%
AMRX	C	0.01%
OSW	A	0.01%
SBCF	A	0.01%
FLNC	C	0.01%
FRME	B	0.01%
VRNA	B	0.01%
WULF	C	0.01%
CASH	A	0.01%
MGNI	A	0.01%
KROS	D	0.01%
GOGL	F	0.01%
CIFR	B	0.01%
IDCC	A	0.01%
CLSK	C	0.01%
VCYT	B	0.01%
OPCH	D	0.01%
TRUP	B	0.01%
FIVN	C	0.01%
STNE	F	0.01%
FBNC	A	0.01%
XRAY	F	0.01%
HEES	B	0.01%
KLIC	B	0.01%
SKWD	A	0.01%
GT	C	0.01%
FFBC	A	0.01%
APLS	D	0.01%
MRUS	F	0.01%
SMTC	B	0.01%
TFIN	A	0.01%
CENX	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
HCP	B	0.01%
GGAL	C	0.01%
ASTE	B	0.01%
FROG	C	0.01%
JBLU	F	0.01%
EWTX	C	0.01%
SWTX	C	0.01%
EXPI	C	0.01%
BRZE	C	0.01%
SYNA	C	0.01%
VCEL	B	0.01%
ERIC	B	0.01%
SGRY	F	0.01%
BANR	B	0.01%
SRRK	B	0.01%
NPAB	B	0.01%
PPBI	B	0.01%
PATK	D	0.01%
ACHC	F	0.01%
INDB	B	0.01%
FOLD	F	0.01%
PLMR	B	0.01%
RBCAA	B	0.01%
ZG	A	0.01%
LEGN	F	0.01%
RNA	D	0.01%
SLAB	D	0.01%
VOD	F	0.01%
CARG	C	0.01%
OTTR	C	0.01%
WVE	C	0.01%
IAC	D	0.01%
XENE	D	0.01%
IBTX	B	0.01%
URBN	C	0.01%
NMIH	D	0.01%
PENN	C	0.01%
BZ	F	0.01%
DRVN	B	0.01%
AMBA	B	0.01%
LFST	C	0.01%
ACVA	B	0.01%
RYTM	C	0.01%
CVBF	A	0.01%
EBC	B	0.01%
DNLI	D	0.01%
HTLF	B	0.01%
BHF	B	0.01%
FIBK	A	0.01%
SMPL	B	0.01%
SNEX	B	0.01%
ASO	F	0.01%
NSIT	F	0.01%
FHB	A	0.01%
IMVT	F	0.01%
CRSP	D	0.01%
PTEN	C	0.01%
AGYS	A	0.01%
POWL	C	0.01%

ONEQ Underweight 274 Positions Relative to SMLV

Symbol	Grade	Weight
PJT	A	-1.89%
CBU	B	-1.65%
THG	A	-1.63%
NNI	D	-1.56%
PRK	B	-1.42%
NBHC	B	-1.15%
CNO	A	-1.14%
HMN	B	-1.08%
GBCI	B	-1.02%
FCF	A	-1.02%
GCMG	B	-1.01%
QCRH	A	-0.97%
NIC	B	-0.96%
HOMB	A	-0.93%
EIG	B	-0.86%
BLX	C	-0.84%
AGM	C	-0.83%
RDN	C	-0.82%
SRCE	B	-0.76%
BRKL	B	-0.72%
WU	D	-0.71%
FBMS	B	-0.68%
CTBI	B	-0.68%
SBSI	B	-0.67%
OBK	B	-0.65%
EVTC	B	-0.65%
EQC	B	-0.64%
TMP	B	-0.63%
PAX	B	-0.61%
OKLO	B	-0.61%
BFC	B	-0.6%
HFWA	B	-0.59%
UVSP	B	-0.59%
FMBH	B	-0.57%
CFFN	B	-0.56%
BHRB	B	-0.56%
NFG	A	-0.48%
FCBC	B	-0.48%
TRST	A	-0.44%
CAC	B	-0.44%
MCBS	B	-0.4%
TRIN	A	-0.4%
AGX	B	-0.38%
AROW	B	-0.37%
GSBC	B	-0.37%
CCNE	B	-0.37%
FMNB	B	-0.36%
THFF	B	-0.36%
NFBK	B	-0.35%
HTBI	B	-0.35%
ESQ	A	-0.34%
HONE	B	-0.34%
BHB	B	-0.34%
CCBG	B	-0.33%
SMBK	B	-0.33%
MPB	B	-0.31%
KRNY	B	-0.31%
SPFI	B	-0.3%
DHIL	A	-0.3%
HIFS	B	-0.29%
BSRR	B	-0.28%
ORRF	B	-0.27%
FMAO	B	-0.27%
ALRS	D	-0.27%
IDA	A	-0.26%
FLO	D	-0.26%
EBF	F	-0.25%
ACNB	B	-0.25%
FBIZ	B	-0.25%
FSBC	B	-0.24%
GLRE	B	-0.24%
HBCP	B	-0.23%
WTBA	B	-0.23%
PFIS	A	-0.23%
PNM	F	-0.23%
BWB	B	-0.21%
BKH	A	-0.21%
NHC	C	-0.21%
CZNC	B	-0.2%
FSBW	B	-0.2%
SLGN	A	-0.2%
CPK	A	-0.2%
ARTNA	D	-0.19%
SR	A	-0.19%
SBR	B	-0.19%
NWN	A	-0.19%
GNTY	A	-0.19%
FLIC	B	-0.19%
FNLC	B	-0.18%
FRST	B	-0.17%
GTY	B	-0.17%
VLGEA	B	-0.17%
NPK	B	-0.17%
PSTL	D	-0.16%
DEA	D	-0.16%
SXT	B	-0.16%
CBNK	B	-0.16%
WSBF	C	-0.16%
PBH	A	-0.15%
CTO	B	-0.15%
GPOR	B	-0.15%
CMPO	A	-0.15%
WT	B	-0.15%
HSTM	B	-0.14%
BRC	D	-0.14%
TRC	F	-0.14%
ACA	A	-0.13%
GOOD	B	-0.13%
LXP	D	-0.13%
GATX	A	-0.13%
VMI	B	-0.13%
GENC	B	-0.13%
SNDR	B	-0.13%
BCAL	B	-0.13%
UNF	B	-0.13%
CSR	B	-0.13%
LTC	B	-0.13%
ELME	D	-0.13%
TGNA	B	-0.13%
ARKO	C	-0.13%
BMI	B	-0.13%
SMP	B	-0.12%
NHI	D	-0.12%
FCPT	C	-0.12%
ESE	B	-0.12%
CBZ	B	-0.12%
GEF	A	-0.12%
HCKT	B	-0.12%
UTMD	F	-0.12%
BNL	D	-0.12%
PKE	B	-0.12%
MWA	B	-0.12%
HCC	B	-0.11%
FSS	B	-0.11%
RNGR	B	-0.11%
UHT	D	-0.11%
KREF	D	-0.11%
PRIM	A	-0.11%
SXC	A	-0.11%
AROC	B	-0.11%
GHC	C	-0.11%
HNI	B	-0.11%
GRC	A	-0.11%
SCL	C	-0.11%
NTST	D	-0.11%
BHE	B	-0.11%
MLR	B	-0.11%
CTRE	D	-0.11%
CASS	B	-0.1%
MSGS	A	-0.1%
LNN	B	-0.1%
MOG.A	B	-0.1%
IRT	A	-0.1%
KW	B	-0.1%
DEI	B	-0.1%
HSII	B	-0.1%
CUZ	B	-0.1%
PAHC	C	-0.1%
HIW	D	-0.1%
NOMD	D	-0.09%
GLDD	B	-0.09%
ALG	B	-0.09%
SXI	B	-0.09%
BBSI	B	-0.09%
CRC	B	-0.09%
DNB	B	-0.09%
KAI	A	-0.09%
CHCT	C	-0.09%
BFS	C	-0.09%
JBSS	D	-0.09%
AFCG	D	-0.09%
APLE	B	-0.08%
JBGS	D	-0.08%
AHH	D	-0.08%
LZB	B	-0.08%
ABM	B	-0.08%
RLGT	A	-0.08%
GMRE	F	-0.08%
RGP	F	-0.08%
EPAC	B	-0.08%
MTX	B	-0.08%
FPI	B	-0.08%
PBT	C	-0.08%
ASH	D	-0.08%
GPI	A	-0.07%
KN	B	-0.07%
BOX	B	-0.07%
ENS	D	-0.07%
CNNE	B	-0.07%
SPOK	C	-0.07%
MGIC	F	-0.07%
TNC	D	-0.07%
KFRC	D	-0.07%
ITGR	B	-0.07%
PLOW	D	-0.07%
AZZ	B	-0.07%
WEYS	C	-0.07%
CTS	C	-0.07%
JBT	B	-0.07%
IRMD	C	-0.06%
ECVT	C	-0.06%
SFL	D	-0.06%
SEM	B	-0.06%
HAE	C	-0.06%
GPRK	C	-0.06%
FUL	F	-0.06%
MNRO	D	-0.06%
FSTR	B	-0.06%
OFIX	B	-0.06%
ATEN	B	-0.06%
ITRN	B	-0.06%
FORR	D	-0.06%
ENV	B	-0.06%
CENT	C	-0.06%
IBEX	B	-0.06%
CXT	B	-0.06%
ARCH	B	-0.06%
PRGO	B	-0.06%
CABO	C	-0.06%
RGR	F	-0.06%
CSV	B	-0.06%
LGTY	D	-0.06%
VAL	D	-0.06%
MTRN	C	-0.05%
AORT	B	-0.05%
ASGN	F	-0.05%
VSH	D	-0.05%
JOUT	D	-0.05%
ETD	C	-0.05%
MEI	D	-0.05%
CRI	D	-0.05%
SPB	C	-0.05%
NATR	C	-0.05%
HUN	F	-0.05%
ATNI	F	-0.05%
NVEC	C	-0.05%
DK	C	-0.05%
NVST	B	-0.05%
GKOS	B	-0.05%
MLAB	D	-0.05%
AIN	C	-0.05%
AVNS	F	-0.05%
TPH	D	-0.05%
WK	B	-0.05%
ZIP	F	-0.04%
SHEN	F	-0.04%
TBPH	C	-0.04%
KIDS	D	-0.04%
USPH	B	-0.04%
IPGP	D	-0.04%
BOWL	C	-0.04%
SRDX	B	-0.04%
USNA	C	-0.04%
PZZA	D	-0.04%
VPG	D	-0.04%
IART	C	-0.04%
CNMD	C	-0.04%
IRWD	F	-0.03%
ANIK	F	-0.03%
HELE	C	-0.03%
OGN	D	-0.03%
JBI	F	-0.03%
PCRX	C	-0.03%
HLF	C	-0.03%
OXM	D	-0.03%
NRC	F	-0.03%
HI	C	-0.03%
ARCO	F	-0.03%
SCHL	D	-0.03%
LEG	F	-0.03%
VREX	C	-0.03%
AMN	F	-0.02%
AAP	C	-0.02%
IMTX	F	-0.02%