ONEQ vs. VFMO ETF Comparison

Comparison of Fidelity Nasdaq Composite Index Tracking Stock (ONEQ) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$74.84

Average Daily Volume

242,124

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$176.73

Average Daily Volume

38,787

Number of Holdings ^*

575

* may have additional holdings in another (foreign) market

Performance

Period	ONEQ	VFMO
30 Days	2.13%	6.14%
60 Days	5.67%	9.01%
90 Days	6.27%	10.37%
12 Months	33.62%	47.79%

183 Overlapping Holdings

Symbol	Grade	Weight in ONEQ	Weight in VFMO	Overlap
AAON	B	0.04%	0.02%	0.02%
ACGL	C	0.13%	0.16%	0.13%
ACIW	B	0.02%	0.03%	0.02%
ACLX	C	0.02%	0.1%	0.02%
ACT	C	0.02%	0.05%	0.02%
ACVA	B	0.01%	0.06%	0.01%
ADMA	B	0.01%	0.26%	0.01%
ADUS	D	0.01%	0.06%	0.01%
AGIO	C	0.01%	0.07%	0.01%
AGYS	A	0.01%	0.07%	0.01%
ALHC	C	0.01%	0.1%	0.01%
ALKT	B	0.02%	0.08%	0.02%
ALNY	D	0.1%	0.2%	0.1%
AMRX	C	0.01%	0.15%	0.01%
ANIP	F	0.01%	0.02%	0.01%
AOSL	C	0.01%	0.07%	0.01%
APP	B	0.28%	0.66%	0.28%
APPF	B	0.02%	0.04%	0.02%
ATEX	F	0.01%	0.02%	0.01%
AVAV	C	0.02%	0.17%	0.02%
AVGO	D	2.53%	0.68%	0.68%
AXON	A	0.14%	0.19%	0.14%
BGC	C	0.02%	0.12%	0.02%
BLBD	D	0.01%	0.18%	0.01%
BPMC	B	0.02%	0.19%	0.02%
BPOP	C	0.02%	0.33%	0.02%
CALM	A	0.02%	0.09%	0.02%
CASH	B	0.01%	0.15%	0.01%
CASY	A	0.05%	0.12%	0.05%
CBSH	B	0.03%	0.11%	0.03%
CENX	B	0.01%	0.08%	0.01%
CHCO	B	0.01%	0.07%	0.01%
CLSK	C	0.01%	0.04%	0.01%
CMPR	D	0.01%	0.08%	0.01%
COIN	C	0.21%	0.13%	0.13%
COKE	C	0.03%	0.22%	0.03%
COLL	F	0.01%	0.12%	0.01%
COOP	B	0.02%	0.17%	0.02%
COST	A	1.33%	0.89%	0.89%
CRAI	C	0.01%	0.09%	0.01%
CRDO	B	0.02%	0.16%	0.02%
CRNX	C	0.02%	0.15%	0.02%
CROX	D	0.02%	0.07%	0.02%
CRUS	D	0.02%	0.2%	0.02%
CRVL	B	0.02%	0.05%	0.02%
CSWI	B	0.03%	0.21%	0.03%
CTAS	B	0.27%	0.73%	0.27%
CVLT	B	0.03%	0.4%	0.03%
DAWN	D	0.01%	0.02%	0.01%
DORM	B	0.02%	0.07%	0.02%
DYN	F	0.01%	0.13%	0.01%
EFSC	B	0.01%	0.02%	0.01%
ENSG	C	0.02%	0.15%	0.02%
EWBC	A	0.05%	0.06%	0.05%
EWTX	C	0.01%	0.22%	0.01%
EXEL	B	0.04%	0.0%	0.0%
FANG	C	0.17%	0.29%	0.17%
FCNCA	A	0.1%	0.1%	0.1%
FITB	B	0.09%	0.34%	0.09%
FRPT	A	0.02%	0.26%	0.02%
FULT	A	0.01%	0.04%	0.01%
GABC	B	0.01%	0.04%	0.01%
GERN	D	0.01%	0.08%	0.01%
GOGL	F	0.01%	0.09%	0.01%
HALO	F	0.02%	0.19%	0.02%
HBAN	A	0.08%	0.35%	0.08%
HOOD	B	0.08%	0.2%	0.08%
HROW	D	0.01%	0.1%	0.01%
HWKN	B	0.01%	0.13%	0.01%
IBKR	A	0.07%	0.13%	0.07%
IBOC	B	0.02%	0.08%	0.02%
ICFI	F	0.01%	0.07%	0.01%
IDYA	F	0.01%	0.05%	0.01%
IESC	C	0.02%	0.26%	0.02%
INSM	C	0.03%	0.3%	0.03%
INVA	D	0.01%	0.2%	0.01%
ISRG	A	0.61%	0.7%	0.61%
ITRI	C	0.02%	0.02%	0.02%
JANX	C	0.01%	0.15%	0.01%
KLAC	F	0.27%	0.94%	0.27%
KRYS	C	0.02%	0.1%	0.02%
KTOS	B	0.02%	0.04%	0.02%
KURA	F	0.01%	0.07%	0.01%
LAUR	A	0.01%	0.07%	0.01%
LBPH	A	0.01%	0.16%	0.01%
LMAT	A	0.01%	0.03%	0.01%
LNTH	D	0.02%	0.18%	0.02%
LNW	F	0.03%	0.12%	0.03%
LOPE	C	0.02%	0.03%	0.02%
LQDA	F	0.01%	0.11%	0.01%
MBIN	F	0.01%	0.03%	0.01%
MDGL	B	0.02%	0.02%	0.02%
MEDP	D	0.03%	0.13%	0.03%
META	D	4.0%	1.15%	1.15%
MLKN	F	0.01%	0.16%	0.01%
MPWR	F	0.09%	0.26%	0.09%
MSTR	B	0.2%	0.22%	0.2%
NBTB	B	0.01%	0.08%	0.01%
NFLX	A	1.17%	1.12%	1.12%
NMIH	C	0.01%	0.03%	0.01%
NMRK	C	0.01%	0.06%	0.01%
NNBR	C	0.01%	0.11%	0.01%
NPAB	F	0.01%	0.19%	0.01%
NSSC	D	0.01%	0.04%	0.01%
NTAP	C	0.08%	0.39%	0.08%
NTNX	B	0.06%	0.05%	0.05%
NTRA	A	0.06%	0.4%	0.06%
NUVL	C	0.02%	0.11%	0.02%
NVDA	B	11.52%	0.71%	0.71%
NWSA	A	0.04%	0.03%	0.03%
OLLI	D	0.02%	0.04%	0.02%
OSIS	A	0.01%	0.04%	0.01%
OSW	B	0.01%	0.06%	0.01%
PATK	C	0.01%	0.08%	0.01%
PCVX	D	0.03%	0.28%	0.03%
PFBC	B	0.01%	0.08%	0.01%
PI	D	0.02%	0.17%	0.02%
PLMR	A	0.01%	0.02%	0.01%
POWL	C	0.01%	0.26%	0.01%
PPC	C	0.04%	0.22%	0.04%
PRCT	B	0.02%	0.1%	0.02%
PRDO	B	0.01%	0.1%	0.01%
PTGX	D	0.01%	0.12%	0.01%
PTVE	B	0.01%	0.12%	0.01%
QNST	B	0.01%	0.08%	0.01%
RDNT	B	0.02%	0.08%	0.02%
REGN	F	0.27%	0.54%	0.27%
RNA	C	0.01%	0.16%	0.01%
ROAD	B	0.02%	0.14%	0.02%
ROST	D	0.15%	0.02%	0.02%
RUN	F	0.01%	0.12%	0.01%
RVMD	C	0.03%	0.14%	0.03%
RXST	F	0.01%	0.11%	0.01%
RYTM	C	0.01%	0.12%	0.01%
SAFT	B	0.01%	0.03%	0.01%
SAVA	C	0.01%	0.09%	0.01%
SCSC	C	0.01%	0.02%	0.01%
SCVL	F	0.01%	0.03%	0.01%
SFM	A	0.05%	0.57%	0.05%
SHOO	F	0.01%	0.04%	0.01%
SKWD	A	0.01%	0.16%	0.01%
SKYW	C	0.02%	0.34%	0.02%
SLM	A	0.02%	0.16%	0.02%
SMMT	D	0.04%	0.23%	0.04%
SOUN	B	0.01%	0.1%	0.01%
SPNS	F	0.01%	0.02%	0.01%
SPRY	C	0.01%	0.1%	0.01%
SRRK	C	0.01%	0.02%	0.01%
STBA	B	0.01%	0.09%	0.01%
STEP	C	0.02%	0.05%	0.02%
STRL	A	0.02%	0.15%	0.02%
SWTX	C	0.01%	0.06%	0.01%
TFIN	B	0.01%	0.04%	0.01%
TGTX	B	0.02%	0.06%	0.02%
TMDX	F	0.01%	0.1%	0.01%
TMUS	B	0.89%	0.57%	0.57%
TNDM	D	0.01%	0.15%	0.01%
TOWN	B	0.01%	0.03%	0.01%
TPG	A	0.02%	0.23%	0.02%
TRMK	C	0.01%	0.04%	0.01%
TTEK	F	0.04%	0.13%	0.04%
TWST	F	0.01%	0.09%	0.01%
UFPT	C	0.01%	0.07%	0.01%
UMBF	B	0.02%	0.15%	0.02%
USLM	A	0.02%	0.02%	0.02%
UTHR	C	0.05%	0.2%	0.05%
VCEL	B	0.01%	0.04%	0.01%
VCTR	B	0.02%	0.19%	0.02%
VERA	C	0.01%	0.13%	0.01%
VERX	A	0.02%	0.1%	0.02%
VIRT	A	0.02%	0.12%	0.02%
VITL	D	0.01%	0.27%	0.01%
VKTX	F	0.02%	0.18%	0.02%
VRNS	D	0.02%	0.06%	0.02%
VRTX	D	0.39%	0.57%	0.39%
VSEC	C	0.01%	0.06%	0.01%
WDFC	B	0.02%	0.05%	0.02%
WING	D	0.03%	0.47%	0.03%
WTFC	A	0.03%	0.15%	0.03%
WTW	B	0.11%	0.32%	0.11%
WULF	C	0.01%	0.16%	0.01%
WVE	C	0.01%	0.03%	0.01%
WWD	C	0.03%	0.09%	0.03%

ONEQ Overweight 647 Positions Relative to VFMO

Symbol	Grade	Weight
AAPL	C	11.32%
MSFT	D	10.23%
AMZN	C	7.05%
TSLA	B	3.4%
GOOGL	C	3.35%
GOOG	C	3.22%
CSCO	B	0.76%
ADBE	C	0.74%
AMD	F	0.72%
PEP	F	0.7%
LIN	C	0.69%
INTU	B	0.63%
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%
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%
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%
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%
MNST	C	0.17%
TTD	B	0.17%
FAST	B	0.16%
AEP	C	0.16%
NDAQ	A	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%
XEL	A	0.13%
AZN	F	0.12%
GEHC	D	0.12%
KHC	F	0.12%
LULU	C	0.12%
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%
TTWO	A	0.1%
ANSS	B	0.09%
GFS	C	0.08%
CDW	F	0.08%
WBD	B	0.08%
TCOM	B	0.08%
SBAC	D	0.08%
BIIB	F	0.08%
LPLA	A	0.08%
TROW	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%
MANH	D	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%
NDSN	B	0.05%
BSY	F	0.05%
SAIA	B	0.05%
MRNA	F	0.05%
ENTG	D	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%
AFRM	A	0.05%
FLEX	B	0.05%
ICLR	D	0.05%
SOFI	B	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%
LECO	C	0.04%
SEIC	B	0.04%
TECH	F	0.04%
HST	C	0.04%
NTES	D	0.04%
DUOL	A	0.04%
RPRX	D	0.04%
JKHY	D	0.04%
PAA	B	0.04%
PCTY	C	0.04%
LBRDK	C	0.04%
NBIX	C	0.04%
GLPI	C	0.04%
TXRH	B	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%
CYBR	A	0.04%
AKAM	D	0.04%
REG	A	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	C	0.03%
ZION	B	0.03%
COLB	B	0.03%
CHRD	D	0.03%
GLBE	B	0.03%
PNFP	B	0.03%
APA	D	0.03%
GTLB	B	0.03%
OTEX	F	0.03%
FRHC	B	0.03%
ENPH	F	0.03%
PEGA	B	0.03%
ROIV	C	0.03%
MTCH	D	0.03%
SIRI	C	0.03%
HLNE	B	0.03%
NICE	D	0.03%
ROKU	D	0.03%
FOX	A	0.03%
AAL	B	0.03%
HQY	A	0.03%
PARA	C	0.03%
MASI	B	0.03%
ITCI	C	0.03%
HAS	D	0.03%
WYNN	C	0.03%
DOX	D	0.03%
FYBR	C	0.03%
LKQ	F	0.03%
CHDN	B	0.03%
BGNE	D	0.03%
EXAS	D	0.03%
FUTU	D	0.03%
MTSI	B	0.03%
LAMR	C	0.03%
FOXA	A	0.03%
BNTX	C	0.03%
RGLD	C	0.03%
SRPT	F	0.03%
WIX	A	0.03%
ARLP	A	0.02%
CLBT	B	0.02%
SFNC	C	0.02%
GSHD	A	0.02%
OZK	B	0.02%
VRRM	F	0.02%
WBA	F	0.02%
TBBK	B	0.02%
GH	B	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%
ALGM	D	0.02%
IPAR	B	0.02%
CVCO	A	0.02%
CATY	B	0.02%
BLKB	B	0.02%
AEIS	C	0.02%
NWS	A	0.02%
LI	F	0.02%
CHCI	D	0.02%
NWL	C	0.02%
COLM	C	0.02%
BBIO	F	0.02%
VICR	C	0.02%
BANF	B	0.02%
LANC	C	0.02%
RUSHA	C	0.02%
ICUI	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%
PAYO	A	0.02%
TCBI	C	0.02%
ALKS	C	0.02%
IEP	F	0.02%
WMG	D	0.02%
PECO	A	0.02%
SANM	B	0.02%
DJT	C	0.02%
EEFT	B	0.02%
PLXS	B	0.02%
INTA	B	0.02%
TIGO	D	0.02%
LSTR	D	0.02%
IONS	F	0.02%
NCNO	C	0.02%
QLYS	B	0.02%
EXPO	D	0.02%
ONB	C	0.02%
BECN	B	0.02%
FELE	B	0.02%
CYTK	F	0.02%
RMBS	B	0.02%
TENB	C	0.02%
VLY	B	0.02%
SITM	B	0.02%
CHX	C	0.02%
AGNC	C	0.02%
LCID	F	0.02%
DBX	B	0.02%
HWC	B	0.02%
ALTR	B	0.02%
GNTX	C	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%
MMSI	A	0.02%
HTHT	D	0.02%
WFRD	D	0.02%
MARA	B	0.02%
UBSI	B	0.02%
QXO	D	0.02%
LFUS	D	0.02%
WSC	F	0.02%
LITE	B	0.02%
UPST	B	0.02%
CGNX	D	0.02%
RCM	A	0.02%
BCPC	B	0.02%
CORT	B	0.02%
SIGI	C	0.02%
QRVO	F	0.02%
CFLT	B	0.02%
RGEN	D	0.02%
EXLS	B	0.02%
NOVT	D	0.02%
XP	F	0.02%
UFPI	C	0.02%
MAT	D	0.02%
MMYT	B	0.02%
MIDD	C	0.02%
OLED	F	0.02%
LYFT	C	0.02%
SPSC	D	0.02%
LSCC	D	0.02%
JAZZ	B	0.02%
ASND	F	0.02%
FFIN	B	0.02%
MKSI	C	0.02%
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%
PSNY	F	0.01%
GRFS	C	0.01%
JACK	C	0.01%
IQ	F	0.01%
CNTA	B	0.01%
BCYC	F	0.01%
GSM	D	0.01%
CNSL	C	0.01%
MOMO	D	0.01%
EBTC	C	0.01%
EMBC	C	0.01%
GDEN	B	0.01%
GIII	D	0.01%
IMKTA	C	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%
BMBL	C	0.01%
TRNS	D	0.01%
MGPI	F	0.01%
ARDX	F	0.01%
PYCR	B	0.01%
AMRK	F	0.01%
PLUG	F	0.01%
ICHR	C	0.01%
TTGT	B	0.01%
TRDA	C	0.01%
STAA	F	0.01%
ASTL	B	0.01%
KC	B	0.01%
VRNT	C	0.01%
THRM	F	0.01%
IRON	B	0.01%
TLRY	F	0.01%
PLAY	D	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%
VIR	D	0.01%
AVAH	B	0.01%
WASH	C	0.01%
GLUE	C	0.01%
PDFS	C	0.01%
OLPX	D	0.01%
HTLD	C	0.01%
IBUY	B	0.01%
CLDX	F	0.01%
CEVA	B	0.01%
VECO	F	0.01%
FWRD	D	0.01%
MLCO	F	0.01%
HAFC	B	0.01%
RNW	D	0.01%
AVO	C	0.01%
SPT	C	0.01%
CMCO	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	B	0.01%
FLYW	B	0.01%
DOOO	F	0.01%
PFC	B	0.01%
UCTT	D	0.01%
SNDX	F	0.01%
MRTN	D	0.01%
SIMO	D	0.01%
UDMY	D	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	B	0.01%
RDWR	B	0.01%
TVTX	C	0.01%
DLO	C	0.01%
XRX	F	0.01%
FTRE	D	0.01%
NAVI	F	0.01%
INFN	D	0.01%
UNIT	B	0.01%
PDCO	F	0.01%
ECPG	C	0.01%
HBNC	B	0.01%
CENTA	C	0.01%
ARVN	F	0.01%
MBUU	B	0.01%
WABC	B	0.01%
ANDE	D	0.01%
ACLS	F	0.01%
IAS	C	0.01%
MCRI	A	0.01%
WINA	C	0.01%
ENVX	F	0.01%
HAIN	D	0.01%
IREN	C	0.01%
PCT	C	0.01%
NVCR	C	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%
AKRO	B	0.01%
AZTA	D	0.01%
GDYN	B	0.01%
UPBD	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%
HTZ	C	0.01%
OCFC	B	0.01%
MQ	D	0.01%
ERII	D	0.01%
CHEF	A	0.01%
APOG	C	0.01%
VC	F	0.01%
AY	A	0.01%
ATSG	B	0.01%
DVAX	C	0.01%
TARS	C	0.01%
BUSE	B	0.01%
DNUT	F	0.01%
RRR	F	0.01%
TRMD	F	0.01%
GTX	C	0.01%
BEAM	D	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%
KYMR	D	0.01%
IOVA	F	0.01%
ASTH	F	0.01%
DIOD	D	0.01%
VMEO	B	0.01%
APPN	B	0.01%
ATAT	C	0.01%
NWBI	B	0.01%
ROIC	A	0.01%
JAMF	F	0.01%
EXTR	C	0.01%
BILI	D	0.01%
STRA	C	0.01%
CAKE	C	0.01%
EVCM	B	0.01%
HOPE	C	0.01%
SUPN	C	0.01%
CPRX	C	0.01%
XNCR	B	0.01%
CNXC	F	0.01%
NTCT	C	0.01%
GDS	C	0.01%
YY	B	0.01%
PLUS	F	0.01%
ROCK	C	0.01%
RPD	B	0.01%
WERN	C	0.01%
IRTC	C	0.01%
VBTX	B	0.01%
SASR	B	0.01%
XPEL	B	0.01%
DCOM	B	0.01%
LGND	C	0.01%
CGON	F	0.01%
PRVA	C	0.01%
ARWR	D	0.01%
WSBC	B	0.01%
CAR	C	0.01%
ARCB	C	0.01%
CLBK	C	0.01%
SYBT	B	0.01%
SBCF	B	0.01%
PINC	B	0.01%
FLNC	D	0.01%
TTMI	C	0.01%
AMPH	F	0.01%
FRME	B	0.01%
VRNA	B	0.01%
WEN	D	0.01%
MGNI	B	0.01%
KROS	D	0.01%
PSMT	D	0.01%
CIFR	C	0.01%
IDCC	B	0.01%
HURN	C	0.01%
VCYT	B	0.01%
OPCH	D	0.01%
TRUP	B	0.01%
FORM	D	0.01%
FIVN	C	0.01%
STNE	F	0.01%
FBNC	B	0.01%
XRAY	F	0.01%
HEES	C	0.01%
KLIC	B	0.01%
LIVN	F	0.01%
GT	C	0.01%
NWE	B	0.01%
MYRG	B	0.01%
ALRM	C	0.01%
VIAV	C	0.01%
FFBC	B	0.01%
APLS	F	0.01%
MRUS	F	0.01%
SMTC	B	0.01%
PLTK	B	0.01%
MIRM	B	0.01%
HCP	B	0.01%
GGAL	B	0.01%
ASTE	C	0.01%
FROG	C	0.01%
JBLU	F	0.01%
EXPI	D	0.01%
BRZE	C	0.01%
SYNA	C	0.01%
ERIC	C	0.01%
MRCY	C	0.01%
SGRY	F	0.01%
BANR	B	0.01%
OMCL	C	0.01%
MGRC	B	0.01%
PPBI	C	0.01%
ACAD	C	0.01%
ACHC	F	0.01%
ATRC	C	0.01%
INDB	B	0.01%
IOSP	C	0.01%
NARI	C	0.01%
FOLD	F	0.01%
SATS	D	0.01%
RBCAA	B	0.01%
ZD	B	0.01%
NEOG	F	0.01%
PRGS	A	0.01%
ZG	A	0.01%
BL	B	0.01%
LEGN	D	0.01%
AVT	C	0.01%
SLAB	F	0.01%
ESGR	B	0.01%
VOD	F	0.01%
POWI	F	0.01%
CARG	B	0.01%
OTTR	C	0.01%
IAC	F	0.01%
IRDM	D	0.01%
XENE	D	0.01%
JJSF	C	0.01%
PTCT	B	0.01%
IBTX	B	0.01%
URBN	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%
CVBF	A	0.01%
EBC	B	0.01%
DNLI	D	0.01%
RARE	F	0.01%
HTLF	B	0.01%
PCH	F	0.01%
BHF	C	0.01%
FIBK	B	0.01%
SMPL	B	0.01%
SNEX	B	0.01%
WAFD	B	0.01%
ASO	F	0.01%
NSIT	F	0.01%
FHB	B	0.01%
IMVT	F	0.01%
CRSP	D	0.01%
PTEN	C	0.01%

ONEQ Underweight 392 Positions Relative to VFMO

Symbol	Grade	Weight
ANET	C	-1.27%
C	A	-1.21%
KKR	A	-1.17%
GE	D	-1.14%
LLY	F	-1.07%
T	A	-1.02%
PGR	A	-0.97%
TT	A	-0.94%
BSX	A	-0.89%
CMG	B	-0.82%
RTX	D	-0.79%
MMM	D	-0.77%
DHI	F	-0.77%
TDG	D	-0.76%
TFC	A	-0.73%
APH	A	-0.72%
HCA	F	-0.72%
BK	A	-0.71%
CL	D	-0.7%
WMT	A	-0.66%
PLTR	B	-0.66%
AXP	A	-0.65%
MCK	A	-0.63%
SPOT	B	-0.52%
AFL	B	-0.49%
VRT	B	-0.48%
EME	A	-0.48%
NEM	D	-0.46%
AWI	A	-0.38%
ALSN	B	-0.38%
DVA	C	-0.38%
PNC	B	-0.37%
MTB	A	-0.37%
NU	C	-0.37%
GDDY	A	-0.37%
DELL	B	-0.36%
GM	C	-0.35%
FIX	A	-0.35%
DECK	A	-0.33%
CVNA	B	-0.33%
LMT	D	-0.33%
GRMN	B	-0.32%
PSTG	D	-0.32%
STC	B	-0.31%
FBP	C	-0.31%
MHK	D	-0.31%
KBH	D	-0.3%
HLT	A	-0.3%
AXS	A	-0.28%
AROC	A	-0.28%
MSI	B	-0.27%
PM	B	-0.27%
ANF	F	-0.27%
TJX	A	-0.27%
RCL	A	-0.27%
URI	C	-0.26%
GD	D	-0.26%
GKOS	B	-0.26%
SN	D	-0.25%
CNM	D	-0.24%
CRS	B	-0.24%
XPO	B	-0.23%
FICO	B	-0.23%
ORI	A	-0.23%
WAB	B	-0.23%
DHT	F	-0.22%
JXN	C	-0.22%
ASPN	F	-0.22%
CR	A	-0.22%
LRN	A	-0.22%
WSM	C	-0.22%
THC	D	-0.22%
EHC	B	-0.22%
ALL	A	-0.22%
TRGP	A	-0.21%
IBM	C	-0.21%
JLL	D	-0.21%
OSCR	D	-0.21%
REVG	C	-0.2%
BKD	F	-0.2%
PH	A	-0.2%
LDOS	C	-0.2%
UHS	D	-0.2%
LPX	B	-0.2%
RMD	C	-0.2%
AGO	B	-0.2%
AZZ	A	-0.2%
LMB	B	-0.2%
EVR	B	-0.2%
CDE	C	-0.2%
BRBR	A	-0.2%
CRBG	B	-0.2%
GWRE	A	-0.2%
CFG	B	-0.19%
SKX	D	-0.19%
HIG	B	-0.19%
CSL	C	-0.19%
PHM	D	-0.19%
MUSA	B	-0.19%
FTI	A	-0.19%
TOL	B	-0.19%
MO	A	-0.18%
GFF	A	-0.18%
RL	C	-0.18%
KD	B	-0.18%
SCCO	F	-0.18%
GS	A	-0.18%
COR	B	-0.18%
HIMS	B	-0.17%
TNK	F	-0.17%
MCY	A	-0.17%
RSI	A	-0.17%
DKS	D	-0.17%
AJG	A	-0.17%
ARES	A	-0.17%
MOG.A	B	-0.17%
KEX	B	-0.17%
GWW	B	-0.17%
SFL	D	-0.17%
BFAM	D	-0.17%
EVER	D	-0.16%
ESAB	C	-0.16%
SNV	C	-0.16%
PSN	D	-0.16%
RKT	F	-0.16%
BURL	B	-0.16%
CLH	C	-0.16%
TPC	C	-0.16%
APLT	C	-0.16%
JEF	A	-0.15%
OWL	A	-0.15%
INSW	F	-0.15%
TREE	F	-0.15%
SGBX	F	-0.15%
COHR	B	-0.15%
CW	C	-0.14%
ZETA	D	-0.14%
INGR	C	-0.14%
COMP	B	-0.14%
ATGE	B	-0.14%
HL	D	-0.14%
SMR	B	-0.13%
LII	A	-0.13%
AIT	B	-0.13%
CDRE	F	-0.13%
EXP	B	-0.13%
MOD	A	-0.13%
PNTG	D	-0.13%
BLD	D	-0.13%
LUMN	C	-0.13%
AYI	B	-0.13%
NHC	C	-0.13%
IBP	D	-0.13%
CPNG	D	-0.13%
ANAB	F	-0.13%
YMAB	F	-0.13%
IMNM	F	-0.12%
AMSC	B	-0.12%
ABUS	D	-0.12%
EOLS	D	-0.12%
GRBK	D	-0.12%
PAHC	C	-0.12%
PRIM	A	-0.12%
ATI	C	-0.12%
HRB	D	-0.12%
PHAT	F	-0.12%
CDNA	D	-0.12%
UTI	B	-0.12%
DTM	A	-0.12%
GPOR	B	-0.12%
NVR	D	-0.12%
BV	C	-0.12%
NR	B	-0.11%
BAC	A	-0.11%
HCC	B	-0.11%
MATX	C	-0.11%
PRMW	C	-0.11%
AGX	B	-0.11%
ETN	A	-0.11%
TDS	B	-0.11%
BFH	C	-0.11%
HNI	B	-0.11%
PRI	B	-0.11%
IBCP	B	-0.11%
HASI	D	-0.11%
MTG	C	-0.11%
TPB	B	-0.11%
CPF	B	-0.11%
TDW	F	-0.11%
PRK	B	-0.11%
CNK	C	-0.11%
SCS	C	-0.11%
ANNX	F	-0.11%
LTH	C	-0.1%
BAH	F	-0.1%
GAP	C	-0.1%
GBCI	B	-0.1%
ITGR	B	-0.1%
HCI	C	-0.1%
LPG	F	-0.1%
MLI	B	-0.1%
WRB	A	-0.1%
PHIN	A	-0.1%
MAX	F	-0.1%
NRIX	C	-0.1%
ZIMV	D	-0.1%
OCUL	D	-0.1%
SEM	B	-0.1%
SLVM	B	-0.1%
CADL	F	-0.1%
NVAX	F	-0.1%
UWMC	D	-0.1%
TNC	D	-0.1%
RVLV	A	-0.1%
ACIC	B	-0.1%
AMAL	B	-0.1%
BKU	A	-0.1%
TILE	B	-0.1%
AQST	D	-0.1%
CBZ	B	-0.09%
NEU	D	-0.09%
FG	A	-0.09%
OII	B	-0.09%
PLSE	C	-0.09%
HUMA	F	-0.09%
PWR	A	-0.09%
SPNT	B	-0.09%
PNR	A	-0.09%
DOLE	D	-0.09%
HY	D	-0.09%
NPO	A	-0.09%
GNK	D	-0.09%
SHAK	C	-0.09%
BELFB	C	-0.09%
CNO	B	-0.09%
UVE	B	-0.09%
GRND	A	-0.09%
BLX	B	-0.08%
HEI	A	-0.08%
OFG	B	-0.08%
MNMD	C	-0.08%
KTB	B	-0.08%
CGEM	F	-0.08%
RYAN	A	-0.08%
EGY	D	-0.08%
CECO	B	-0.08%
STNG	F	-0.08%
NKTX	F	-0.08%
AM	A	-0.08%
GEO	B	-0.08%
CXW	C	-0.08%
WSO	A	-0.08%
PRM	C	-0.08%
TK	D	-0.08%
AORT	B	-0.08%
OMF	A	-0.08%
MTX	B	-0.08%
OCGN	F	-0.08%
INOD	B	-0.07%
RGA	A	-0.07%
SXI	B	-0.07%
RDN	D	-0.07%
USAP	B	-0.07%
HWM	A	-0.07%
ALLY	C	-0.07%
CNA	C	-0.07%
GCI	D	-0.07%
BRO	B	-0.07%
AIZ	A	-0.07%
KALV	F	-0.07%
STOK	F	-0.07%
WAL	B	-0.06%
USFD	A	-0.06%
TYL	B	-0.06%
KLG	B	-0.06%
ANET	C	-0.06%
HRTX	F	-0.06%
SIGA	F	-0.06%
TKO	A	-0.06%
CSTL	D	-0.06%
LRMR	D	-0.06%
NVRI	D	-0.06%
NUVB	C	-0.06%
IP	A	-0.06%
SFBS	C	-0.06%
REX	D	-0.06%
CBOE	C	-0.06%
DAKT	C	-0.06%
VNDA	C	-0.05%
TSHA	C	-0.05%
ARLO	C	-0.05%
FBK	C	-0.05%
FSS	B	-0.05%
PBI	B	-0.05%
CRMD	C	-0.05%
IT	C	-0.05%
AGM	B	-0.05%
IFF	D	-0.05%
LEN	D	-0.05%
FNF	B	-0.05%
NBHC	C	-0.05%
SRCE	B	-0.05%
HRTG	C	-0.05%
GMS	B	-0.05%
SPB	C	-0.05%
BAND	B	-0.05%
DXPE	C	-0.04%
SPOK	B	-0.04%
TERN	F	-0.04%
HNST	A	-0.04%
FN	C	-0.04%
CYH	F	-0.04%
IDT	B	-0.04%
AX	B	-0.04%
CNX	A	-0.04%
ELEV	D	-0.04%
OUST	C	-0.04%
BALL	F	-0.04%
CENT	C	-0.04%
EU	D	-0.04%
TPL	A	-0.04%
UVSP	B	-0.04%
CAL	F	-0.04%
RYAM	C	-0.04%
ARQT	B	-0.04%
MBWM	B	-0.03%
AIG	B	-0.03%
DJCO	B	-0.03%
ITOS	F	-0.03%
TRN	B	-0.03%
GPI	B	-0.03%
UBER	F	-0.03%
QTWO	A	-0.03%
EPAC	C	-0.03%
ELVN	D	-0.03%
SB	F	-0.03%
MIR	A	-0.03%
BLND	A	-0.03%
WWW	A	-0.03%
PFSI	C	-0.03%
OC	A	-0.03%
M	F	-0.03%
REAX	D	-0.03%
HOV	D	-0.03%
EAT	A	-0.03%
PRG	C	-0.03%
CTS	C	-0.03%
UHAL	D	-0.03%
CMRE	C	-0.03%
INO	F	-0.03%
TGI	B	-0.03%
IMMR	C	-0.03%
DFIN	D	-0.03%
PACK	B	-0.03%
FCF	B	-0.03%
ABSI	F	-0.02%
GTES	A	-0.02%
WMB	A	-0.02%
BDTX	F	-0.02%
DCO	C	-0.02%
INGN	C	-0.02%
SVRA	F	-0.02%
ASC	F	-0.02%
DDS	B	-0.02%
HEAR	D	-0.02%
BRCC	F	-0.02%
BHE	C	-0.02%
LXRX	F	-0.02%
LBRT	D	-0.02%
LFMD	D	-0.02%
PFGC	B	-0.02%
THR	B	-0.02%
GBX	A	-0.02%
HLX	B	-0.02%
AA	A	-0.02%
CACI	D	-0.02%
JPM	A	-0.02%
AIOT	B	-0.02%
METC	C	-0.02%
FOR	F	-0.02%
FNKO	D	-0.02%
MRSN	D	-0.02%
KMPR	A	-0.02%
HUBB	B	-0.02%
MSA	F	-0.02%
QCRH	B	-0.02%
FHN	A	-0.02%
CELC	F	-0.02%
GOLF	B	-0.02%
PAR	A	-0.02%
BJ	A	-0.02%
APEI	B	-0.0%