VLU vs. ONEQ ETF Comparison

Comparison of SPDR S&P 1500 Value Tilt ETF (VLU) to Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)

VLU

SPDR S&P 1500 Value Tilt ETF

VLU Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index (the "index"). The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$193.73

Average Daily Volume

10,026

Number of Holdings ^*

1419

* may have additional holdings in another (foreign) market

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

$74.86

Average Daily Volume

242,124

Number of Holdings ^*

830

* may have additional holdings in another (foreign) market

Performance

Period	VLU	ONEQ
30 Days	3.51%	2.13%
60 Days	5.34%	5.67%
90 Days	6.98%	6.27%
12 Months	30.34%	33.62%

461 Overlapping Holdings

Symbol	Grade	Weight in VLU	Weight in ONEQ	Overlap
AAL	B	0.08%	0.03%	0.03%
AAON	B	0.0%	0.04%	0.0%
AAPL	C	2.4%	11.32%	2.4%
ABNB	C	0.06%	0.19%	0.06%
ACGL	C	0.12%	0.13%	0.12%
ACHC	F	0.01%	0.01%	0.01%
ACIW	B	0.01%	0.02%	0.01%
ACLS	F	0.0%	0.01%	0.0%
ADBE	C	0.17%	0.74%	0.17%
ADI	D	0.12%	0.34%	0.12%
ADP	A	0.09%	0.4%	0.09%
ADSK	A	0.03%	0.21%	0.03%
ADUS	D	0.0%	0.01%	0.0%
AEIS	C	0.01%	0.02%	0.01%
AEP	C	0.16%	0.16%	0.16%
AGYS	A	0.0%	0.01%	0.0%
AHCO	F	0.01%	0.01%	0.01%
AKAM	D	0.03%	0.04%	0.03%
ALGM	D	0.01%	0.02%	0.01%
ALGN	D	0.02%	0.06%	0.02%
ALKS	C	0.01%	0.02%	0.01%
ALRM	C	0.0%	0.01%	0.0%
AMAT	F	0.1%	0.46%	0.1%
AMD	F	0.12%	0.72%	0.12%
AMED	F	0.01%	0.01%	0.01%
AMGN	F	0.23%	0.5%	0.23%
AMKR	D	0.02%	0.02%	0.02%
AMPH	F	0.0%	0.01%	0.0%
AMSF	B	0.0%	0.01%	0.0%
AMWD	C	0.01%	0.01%	0.01%
AMZN	C	2.04%	7.05%	2.04%
ANDE	D	0.01%	0.01%	0.01%
ANSS	B	0.02%	0.09%	0.02%
AOSL	C	0.0%	0.01%	0.0%
APA	D	0.04%	0.03%	0.03%
APOG	C	0.01%	0.01%	0.01%
ARCB	C	0.01%	0.01%	0.01%
ARWR	D	0.0%	0.01%	0.0%
ASO	F	0.01%	0.01%	0.01%
ASTE	C	0.0%	0.01%	0.0%
ASTH	F	0.0%	0.01%	0.0%
AVAV	C	0.01%	0.02%	0.01%
AVGO	D	0.42%	2.53%	0.42%
AVT	C	0.04%	0.01%	0.01%
AXON	A	0.02%	0.14%	0.02%
AZTA	D	0.0%	0.01%	0.0%
BANF	B	0.02%	0.02%	0.02%
BANR	B	0.02%	0.01%	0.01%
BCPC	B	0.01%	0.02%	0.01%
BGC	C	0.01%	0.02%	0.01%
BHF	C	0.03%	0.01%	0.01%
BIIB	F	0.07%	0.08%	0.07%
BKNG	A	0.12%	0.54%	0.12%
BKR	A	0.12%	0.14%	0.12%
BLKB	B	0.0%	0.02%	0.0%
BLMN	F	0.01%	0.01%	0.01%
BRKR	D	0.01%	0.03%	0.01%
CAKE	C	0.01%	0.01%	0.01%
CALM	A	0.03%	0.02%	0.02%
CAR	C	0.02%	0.01%	0.01%
CARG	B	0.01%	0.01%	0.01%
CASH	B	0.01%	0.01%	0.01%
CASY	A	0.03%	0.05%	0.03%
CATY	B	0.03%	0.02%	0.02%
CBRL	C	0.01%	0.01%	0.01%
CBSH	B	0.02%	0.03%	0.02%
CCOI	B	0.01%	0.02%	0.01%
CDNS	B	0.02%	0.26%	0.02%
CDW	F	0.03%	0.08%	0.03%
CEG	C	0.04%	0.23%	0.04%
CELH	F	0.0%	0.02%	0.0%
CENTA	C	0.01%	0.01%	0.01%
CENX	B	0.01%	0.01%	0.01%
CEVA	B	0.0%	0.01%	0.0%
CG	B	0.02%	0.06%	0.02%
CGNX	D	0.01%	0.02%	0.01%
CHCO	B	0.01%	0.01%	0.01%
CHDN	B	0.01%	0.03%	0.01%
CHEF	A	0.01%	0.01%	0.01%
CHRD	D	0.07%	0.03%	0.03%
CHRW	B	0.06%	0.04%	0.04%
CHTR	C	0.33%	0.19%	0.19%
CHX	C	0.01%	0.02%	0.01%
CINF	A	0.07%	0.07%	0.07%
CMCSA	B	0.62%	0.54%	0.54%
CME	B	0.1%	0.27%	0.1%
CNSL	C	0.0%	0.01%	0.0%
CNXC	F	0.02%	0.01%	0.01%
CNXN	C	0.01%	0.01%	0.01%
COHU	C	0.0%	0.01%	0.0%
COKE	C	0.03%	0.03%	0.03%
COLB	B	0.05%	0.03%	0.03%
COLL	F	0.0%	0.01%	0.0%
COLM	C	0.01%	0.02%	0.01%
COOP	B	0.05%	0.02%	0.02%
CORT	B	0.01%	0.02%	0.01%
COST	A	0.28%	1.33%	0.28%
CPB	D	0.04%	0.04%	0.04%
CPRT	B	0.03%	0.18%	0.03%
CPRX	C	0.0%	0.01%	0.0%
CROX	D	0.01%	0.02%	0.01%
CRUS	D	0.01%	0.02%	0.01%
CRVL	B	0.0%	0.02%	0.0%
CSCO	B	0.51%	0.76%	0.51%
CSGP	D	0.02%	0.1%	0.02%
CSGS	B	0.0%	0.01%	0.0%
CSX	C	0.1%	0.21%	0.1%
CTAS	B	0.04%	0.27%	0.04%
CTSH	B	0.11%	0.13%	0.11%
CVBF	A	0.02%	0.01%	0.01%
CVCO	A	0.01%	0.02%	0.01%
CVLT	B	0.01%	0.03%	0.01%
CYTK	F	0.0%	0.02%	0.0%
CZR	F	0.02%	0.03%	0.02%
DBX	B	0.01%	0.02%	0.01%
DCOM	B	0.01%	0.01%	0.01%
DGII	C	0.0%	0.01%	0.0%
DIOD	D	0.01%	0.01%	0.01%
DLTR	F	0.04%	0.04%	0.04%
DORM	B	0.01%	0.02%	0.01%
DVAX	C	0.0%	0.01%	0.0%
DXCM	C	0.01%	0.1%	0.01%
EA	A	0.05%	0.14%	0.05%
EBAY	D	0.08%	0.1%	0.08%
ECPG	C	0.01%	0.01%	0.01%
EEFT	B	0.01%	0.02%	0.01%
EMBC	C	0.0%	0.01%	0.0%
ENPH	F	0.01%	0.03%	0.01%
ENSG	C	0.01%	0.02%	0.01%
EQIX	A	0.07%	0.28%	0.07%
ERIE	D	0.02%	0.07%	0.02%
ETSY	D	0.01%	0.02%	0.01%
EVRG	A	0.07%	0.04%	0.04%
EWBC	A	0.05%	0.05%	0.05%
EXC	C	0.19%	0.13%	0.13%
EXEL	B	0.01%	0.04%	0.01%
EXLS	B	0.01%	0.02%	0.01%
EXPE	B	0.05%	0.07%	0.05%
EXPI	D	0.01%	0.01%	0.01%
EXPO	D	0.0%	0.02%	0.0%
EXTR	C	0.0%	0.01%	0.0%
EYE	C	0.0%	0.01%	0.0%
FANG	C	0.1%	0.17%	0.1%
FAST	B	0.04%	0.16%	0.04%
FBNC	B	0.01%	0.01%	0.01%
FELE	B	0.01%	0.02%	0.01%
FFBC	B	0.02%	0.01%	0.01%
FFIN	B	0.01%	0.02%	0.01%
FFIV	B	0.02%	0.04%	0.02%
FHB	B	0.02%	0.01%	0.01%
FITB	B	0.12%	0.09%	0.09%
FIVE	F	0.0%	0.02%	0.0%
FIZZ	C	0.01%	0.02%	0.01%
FORM	D	0.0%	0.01%	0.0%
FOX	A	0.05%	0.03%	0.03%
FOXA	A	0.09%	0.03%	0.03%
FSLR	F	0.03%	0.07%	0.03%
FTDR	B	0.01%	0.02%	0.01%
FTNT	C	0.04%	0.24%	0.04%
FTRE	D	0.0%	0.01%	0.0%
FULT	A	0.02%	0.01%	0.01%
FWRD	D	0.01%	0.01%	0.01%
FYBR	C	0.04%	0.03%	0.03%
GDEN	B	0.0%	0.01%	0.0%
GEHC	D	0.03%	0.12%	0.03%
GEN	B	0.05%	0.06%	0.05%
GIII	D	0.01%	0.01%	0.01%
GILD	C	0.35%	0.36%	0.35%
GLPI	C	0.04%	0.04%	0.04%
GNTX	C	0.01%	0.02%	0.01%
GOOG	C	1.15%	3.22%	1.15%
GOOGL	C	0.72%	3.35%	0.72%
GT	C	0.02%	0.01%	0.01%
HAFC	B	0.01%	0.01%	0.01%
HAIN	D	0.01%	0.01%	0.01%
HALO	F	0.01%	0.02%	0.01%
HAS	D	0.03%	0.03%	0.03%
HBAN	A	0.13%	0.08%	0.08%
HLIT	D	0.0%	0.01%	0.0%
HOLX	D	0.02%	0.06%	0.02%
HON	C	0.23%	0.49%	0.23%
HOPE	C	0.01%	0.01%	0.01%
HQY	A	0.01%	0.03%	0.01%
HRMY	D	0.0%	0.01%	0.0%
HSIC	C	0.03%	0.03%	0.03%
HST	C	0.04%	0.04%	0.04%
HTLD	C	0.0%	0.01%	0.0%
HTZ	C	0.01%	0.01%	0.01%
HUBG	A	0.02%	0.01%	0.01%
HWC	B	0.03%	0.02%	0.02%
HWKN	B	0.01%	0.01%	0.01%
IBKR	A	0.06%	0.07%	0.06%
IBOC	B	0.02%	0.02%	0.02%
IBTX	B	0.02%	0.01%	0.01%
ICHR	C	0.0%	0.01%	0.0%
ICUI	D	0.01%	0.02%	0.01%
IDCC	B	0.01%	0.01%	0.01%
IDXX	F	0.02%	0.11%	0.02%
ILMN	C	0.03%	0.07%	0.03%
INCY	C	0.03%	0.05%	0.03%
INDB	B	0.02%	0.01%	0.01%
INTC	C	0.33%	0.35%	0.33%
INTU	B	0.06%	0.63%	0.06%
INVA	D	0.01%	0.01%	0.01%
IOSP	C	0.01%	0.01%	0.01%
IPAR	B	0.0%	0.02%	0.0%
IRDM	D	0.0%	0.01%	0.0%
ISRG	A	0.1%	0.61%	0.1%
ITRI	C	0.01%	0.02%	0.01%
JACK	C	0.0%	0.01%	0.0%
JAZZ	B	0.02%	0.02%	0.02%
JBHT	C	0.03%	0.06%	0.03%
JBLU	F	0.02%	0.01%	0.01%
JJSF	C	0.01%	0.01%	0.01%
JKHY	D	0.01%	0.04%	0.01%
KALU	C	0.01%	0.01%	0.01%
KDP	F	0.11%	0.14%	0.11%
KHC	F	0.24%	0.12%	0.12%
KLAC	F	0.04%	0.27%	0.04%
KLIC	B	0.01%	0.01%	0.01%
LAMR	C	0.03%	0.03%	0.03%
LANC	C	0.01%	0.02%	0.01%
LECO	C	0.01%	0.04%	0.01%
LFUS	D	0.01%	0.02%	0.01%
LGIH	F	0.01%	0.01%	0.01%
LGND	C	0.01%	0.01%	0.01%
LIN	C	0.19%	0.69%	0.19%
LITE	B	0.02%	0.02%	0.02%
LIVN	F	0.0%	0.01%	0.0%
LKFN	C	0.0%	0.01%	0.0%
LKQ	F	0.03%	0.03%	0.03%
LNT	A	0.04%	0.05%	0.04%
LNTH	D	0.01%	0.02%	0.01%
LNW	F	0.02%	0.03%	0.02%
LOPE	C	0.01%	0.02%	0.01%
LRCX	F	0.07%	0.3%	0.07%
LSCC	D	0.0%	0.02%	0.0%
LSTR	D	0.01%	0.02%	0.01%
LULU	C	0.03%	0.12%	0.03%
MANH	D	0.0%	0.06%	0.0%
MAR	A	0.09%	0.25%	0.09%
MASI	B	0.01%	0.03%	0.01%
MAT	D	0.01%	0.02%	0.01%
MATW	C	0.0%	0.01%	0.0%
MCHP	F	0.04%	0.11%	0.04%
MCRI	A	0.01%	0.01%	0.01%
MDLZ	F	0.18%	0.28%	0.18%
MEDP	D	0.01%	0.03%	0.01%
META	D	1.68%	4.0%	1.68%
MGEE	B	0.01%	0.02%	0.01%
MGPI	F	0.0%	0.01%	0.0%
MIDD	C	0.01%	0.02%	0.01%
MKSI	C	0.01%	0.02%	0.01%
MKTX	D	0.01%	0.04%	0.01%
MLKN	F	0.01%	0.01%	0.01%
MMSI	A	0.01%	0.02%	0.01%
MNST	C	0.05%	0.17%	0.05%
MORN	B	0.01%	0.05%	0.01%
MPWR	F	0.01%	0.09%	0.01%
MRCY	C	0.01%	0.01%	0.01%
MRNA	F	0.02%	0.05%	0.02%
MRTN	D	0.0%	0.01%	0.0%
MSEX	C	0.0%	0.01%	0.0%
MSFT	D	1.41%	10.23%	1.41%
MTCH	D	0.01%	0.03%	0.01%
MTSI	B	0.01%	0.03%	0.01%
MU	D	0.13%	0.35%	0.13%
MYGN	F	0.0%	0.01%	0.0%
MYRG	B	0.01%	0.01%	0.01%
NARI	C	0.0%	0.01%	0.0%
NAVI	F	0.01%	0.01%	0.01%
NBIX	C	0.01%	0.04%	0.01%
NBTB	B	0.01%	0.01%	0.01%
NDAQ	A	0.07%	0.15%	0.07%
NDSN	B	0.02%	0.05%	0.02%
NEO	C	0.0%	0.01%	0.0%
NEOG	F	0.0%	0.01%	0.0%
NFLX	A	0.19%	1.17%	0.19%
NMIH	C	0.01%	0.01%	0.01%
NOVT	D	0.01%	0.02%	0.01%
NSIT	F	0.02%	0.01%	0.01%
NTAP	C	0.04%	0.08%	0.04%
NTCT	C	0.0%	0.01%	0.0%
NTRS	A	0.08%	0.07%	0.07%
NVDA	B	0.36%	11.52%	0.36%
NVEE	F	0.0%	0.01%	0.0%
NWBI	B	0.02%	0.01%	0.01%
NWE	B	0.02%	0.01%	0.01%
NWL	C	0.03%	0.02%	0.02%
NWS	A	0.01%	0.02%	0.01%
NWSA	A	0.03%	0.04%	0.03%
NXPI	D	0.07%	0.18%	0.07%
NXST	C	0.03%	0.02%	0.02%
ODFL	C	0.03%	0.15%	0.03%
ODP	F	0.01%	0.01%	0.01%
OLED	F	0.01%	0.02%	0.01%
OLLI	D	0.01%	0.02%	0.01%
OMCL	C	0.01%	0.01%	0.01%
ON	D	0.04%	0.1%	0.04%
ONB	C	0.03%	0.02%	0.02%
OPCH	D	0.01%	0.01%	0.01%
ORLY	B	0.08%	0.23%	0.08%
OSIS	A	0.01%	0.01%	0.01%
OTTR	C	0.01%	0.01%	0.01%
OZK	B	0.04%	0.02%	0.02%
PANW	B	0.07%	0.41%	0.07%
PARA	C	0.06%	0.03%	0.03%
PATK	C	0.01%	0.01%	0.01%
PAYO	A	0.01%	0.02%	0.01%
PAYX	B	0.06%	0.17%	0.06%
PCAR	B	0.12%	0.19%	0.12%
PCH	F	0.01%	0.01%	0.01%
PCTY	C	0.01%	0.04%	0.01%
PDCO	F	0.01%	0.01%	0.01%
PECO	A	0.01%	0.02%	0.01%
PENN	C	0.03%	0.01%	0.01%
PEP	F	0.33%	0.7%	0.33%
PFBC	B	0.01%	0.01%	0.01%
PFG	D	0.16%	0.06%	0.06%
PGNY	F	0.0%	0.01%	0.0%
PINC	B	0.01%	0.01%	0.01%
PLAB	C	0.01%	0.01%	0.01%
PLAY	D	0.0%	0.01%	0.0%
PLMR	A	0.0%	0.01%	0.0%
PLUS	F	0.01%	0.01%	0.01%
PLXS	B	0.02%	0.02%	0.02%
PNFP	B	0.03%	0.03%	0.03%
PODD	C	0.01%	0.06%	0.01%
POOL	C	0.01%	0.04%	0.01%
POWI	F	0.0%	0.01%	0.0%
POWL	C	0.01%	0.01%	0.01%
PPBI	C	0.01%	0.01%	0.01%
PPC	C	0.02%	0.04%	0.02%
PRDO	B	0.01%	0.01%	0.01%
PRGS	A	0.0%	0.01%	0.0%
PRVA	C	0.0%	0.01%	0.0%
PSMT	D	0.01%	0.01%	0.01%
PTC	B	0.02%	0.07%	0.02%
PTEN	C	0.01%	0.01%	0.01%
PYPL	B	0.18%	0.29%	0.18%
QCOM	F	0.22%	0.59%	0.22%
QLYS	B	0.0%	0.02%	0.0%
QNST	B	0.0%	0.01%	0.0%
QRVO	F	0.01%	0.02%	0.01%
RCM	A	0.01%	0.02%	0.01%
RDNT	B	0.01%	0.02%	0.01%
REG	A	0.04%	0.04%	0.04%
REGN	F	0.1%	0.27%	0.1%
RGEN	D	0.01%	0.02%	0.01%
RGLD	C	0.01%	0.03%	0.01%
RMBS	B	0.0%	0.02%	0.0%
ROCK	C	0.0%	0.01%	0.0%
ROIC	A	0.01%	0.01%	0.01%
ROIV	C	0.04%	0.03%	0.03%
ROP	B	0.05%	0.19%	0.05%
ROST	D	0.06%	0.15%	0.06%
RUN	F	0.01%	0.01%	0.01%
RUSHA	C	0.02%	0.02%	0.02%
SABR	C	0.01%	0.01%	0.01%
SAFT	B	0.01%	0.01%	0.01%
SAIA	B	0.01%	0.05%	0.01%
SAIC	F	0.02%	0.03%	0.02%
SANM	B	0.04%	0.02%	0.02%
SATS	D	0.02%	0.01%	0.01%
SBAC	D	0.02%	0.08%	0.02%
SBCF	B	0.01%	0.01%	0.01%
SBRA	C	0.02%	0.02%	0.02%
SBUX	A	0.14%	0.37%	0.14%
SCSC	C	0.01%	0.01%	0.01%
SCVL	F	0.01%	0.01%	0.01%
SEIC	B	0.02%	0.04%	0.02%
SFM	A	0.03%	0.05%	0.03%
SFNC	C	0.03%	0.02%	0.02%
SHC	F	0.01%	0.02%	0.01%
SHOO	F	0.01%	0.01%	0.01%
SIGI	C	0.02%	0.02%	0.02%
SITM	B	0.0%	0.02%	0.0%
SKYW	C	0.02%	0.02%	0.02%
SLAB	F	0.0%	0.01%	0.0%
SLM	A	0.02%	0.02%	0.02%
SMCI	F	0.01%	0.04%	0.01%
SMPL	B	0.01%	0.01%	0.01%
SMTC	B	0.0%	0.01%	0.0%
SNEX	B	0.02%	0.01%	0.01%
SNPS	B	0.04%	0.26%	0.04%
SPSC	D	0.0%	0.02%	0.0%
STAA	F	0.0%	0.01%	0.0%
STBA	B	0.01%	0.01%	0.01%
STLD	B	0.08%	0.07%	0.07%
STRA	C	0.01%	0.01%	0.01%
STX	C	0.04%	0.07%	0.04%
SUPN	C	0.0%	0.01%	0.0%
SWKS	F	0.04%	0.04%	0.04%
SYNA	C	0.01%	0.01%	0.01%
TBBK	B	0.01%	0.02%	0.01%
TCBI	C	0.02%	0.02%	0.02%
TECH	F	0.0%	0.04%	0.0%
TER	F	0.01%	0.06%	0.01%
TFIN	B	0.01%	0.01%	0.01%
THRM	F	0.0%	0.01%	0.0%
TMUS	B	0.43%	0.89%	0.43%
TNDM	D	0.0%	0.01%	0.0%
TRMB	B	0.02%	0.06%	0.02%
TRMK	C	0.01%	0.01%	0.01%
TROW	B	0.07%	0.08%	0.07%
TRUP	B	0.0%	0.01%	0.0%
TSCO	D	0.03%	0.1%	0.03%
TSLA	B	0.62%	3.4%	0.62%
TTEK	F	0.01%	0.04%	0.01%
TTGT	B	0.0%	0.01%	0.0%
TTMI	C	0.01%	0.01%	0.01%
TTWO	A	0.02%	0.1%	0.02%
TXN	C	0.24%	0.59%	0.24%
TXRH	B	0.02%	0.04%	0.02%
UAL	A	0.26%	0.1%	0.1%
UBSI	B	0.02%	0.02%	0.02%
UCTT	D	0.01%	0.01%	0.01%
UFPI	C	0.02%	0.02%	0.02%
UFPT	C	0.0%	0.01%	0.0%
ULTA	F	0.03%	0.05%	0.03%
UMBF	B	0.02%	0.02%	0.02%
UNIT	B	0.0%	0.01%	0.0%
UPBD	B	0.01%	0.01%	0.01%
URBN	C	0.02%	0.01%	0.01%
UTHR	C	0.04%	0.05%	0.04%
VBTX	B	0.01%	0.01%	0.01%
VC	F	0.01%	0.01%	0.01%
VCEL	B	0.0%	0.01%	0.0%
VECO	F	0.0%	0.01%	0.0%
VIAV	C	0.0%	0.01%	0.0%
VICR	C	0.0%	0.02%	0.0%
VIR	D	0.01%	0.01%	0.01%
VLY	B	0.04%	0.02%	0.02%
VRRM	F	0.0%	0.02%	0.0%
VRSK	A	0.01%	0.13%	0.01%
VRSN	C	0.02%	0.06%	0.02%
VRTX	D	0.1%	0.39%	0.1%
VTRS	A	0.13%	0.05%	0.05%
WABC	B	0.0%	0.01%	0.0%
WAFD	B	0.03%	0.01%	0.01%
WBA	F	0.05%	0.02%	0.02%
WBD	B	0.17%	0.08%	0.08%
WDC	D	0.04%	0.07%	0.04%
WDFC	B	0.0%	0.02%	0.0%
WEN	D	0.01%	0.01%	0.01%
WERN	C	0.01%	0.01%	0.01%
WFRD	D	0.02%	0.02%	0.02%
WING	D	0.0%	0.03%	0.0%
WSFS	B	0.01%	0.02%	0.01%
WTFC	A	0.03%	0.03%	0.03%
WTW	B	0.07%	0.11%	0.07%
WWD	C	0.02%	0.03%	0.02%
WYNN	C	0.02%	0.03%	0.02%
XEL	A	0.15%	0.13%	0.13%
XNCR	B	0.0%	0.01%	0.0%
XPEL	B	0.0%	0.01%	0.0%
XRAY	F	0.01%	0.01%	0.01%
XRX	F	0.01%	0.01%	0.01%
ZBRA	B	0.02%	0.07%	0.02%
ZD	B	0.01%	0.01%	0.01%
ZION	B	0.07%	0.03%	0.03%

VLU Overweight 958 Positions Relative to ONEQ

Symbol	Grade	Weight
BRK.A	B	2.43%
XOM	B	1.99%
WMT	A	1.82%
BAC	A	1.57%
JPM	A	1.53%
VZ	C	1.5%
T	A	1.4%
CVX	A	1.36%
WFC	A	1.25%
UNH	B	1.15%
C	A	1.13%
JNJ	C	0.78%
PFE	F	0.7%
MS	A	0.63%
COF	C	0.61%
GS	A	0.59%
CVS	D	0.58%
PM	B	0.56%
GM	C	0.55%
TFC	A	0.54%
HD	B	0.52%
PG	C	0.48%
PSX	C	0.47%
ORCL	A	0.45%
V	A	0.45%
MPC	D	0.45%
KMI	A	0.45%
RTX	D	0.44%
MET	A	0.42%
COP	C	0.41%
PNC	B	0.41%
IBM	C	0.41%
USB	A	0.39%
MCK	A	0.39%
PRU	A	0.39%
VLO	C	0.38%
F	C	0.37%
UPS	C	0.37%
ABBV	F	0.37%
MO	A	0.36%
COR	B	0.36%
KO	D	0.36%
AXP	A	0.35%
DAL	B	0.35%
BMY	B	0.35%
CI	D	0.34%
CB	C	0.34%
NEE	C	0.34%
DUK	C	0.33%
KR	B	0.33%
MDT	D	0.32%
DIS	B	0.32%
LMT	D	0.32%
ACN	B	0.31%
HPQ	B	0.31%
MRK	D	0.3%
SO	C	0.3%
BK	A	0.29%
ELV	F	0.29%
GE	D	0.27%
MMM	D	0.27%
CRM	B	0.27%
CNC	D	0.26%
SCHW	B	0.26%
ABT	B	0.25%
CAH	B	0.25%
FDX	B	0.25%
CAT	B	0.24%
EOG	A	0.24%
D	C	0.24%
AIG	B	0.24%
KVUE	A	0.23%
LOW	C	0.23%
HPE	B	0.23%
DE	B	0.22%
SW	A	0.22%
UNP	C	0.22%
ADM	D	0.22%
TGT	F	0.22%
BLK	B	0.22%
SYF	B	0.22%
CCL	A	0.21%
GD	D	0.21%
AFL	B	0.21%
LLY	F	0.19%
WMB	A	0.19%
MTB	A	0.18%
HCA	F	0.18%
CFG	B	0.18%
PGR	A	0.18%
LYB	F	0.18%
SRE	A	0.18%
TRV	B	0.18%
HUM	C	0.17%
LUV	C	0.17%
OXY	D	0.17%
DD	C	0.17%
IP	A	0.17%
FI	A	0.16%
BBY	D	0.16%
TSN	B	0.16%
BA	F	0.16%
EMR	B	0.16%
ETR	B	0.16%
JCI	B	0.16%
ALL	A	0.16%
DFS	B	0.16%
TJX	A	0.16%
NOC	D	0.15%
APD	A	0.15%
MCD	D	0.15%
DOW	F	0.15%
KEY	B	0.15%
CMI	A	0.14%
PEG	A	0.14%
OKE	A	0.14%
BX	A	0.14%
STT	B	0.14%
TMO	F	0.14%
PCG	A	0.13%
EQT	B	0.13%
AMT	C	0.13%
LEN	D	0.13%
L	A	0.13%
RGA	A	0.13%
HIG	B	0.13%
NEM	D	0.13%
PLD	F	0.13%
SLB	C	0.13%
MA	B	0.13%
SYY	D	0.12%
MMC	B	0.12%
NKE	F	0.12%
SPGI	C	0.12%
RF	A	0.12%
DVN	F	0.12%
AMP	A	0.12%
WELL	A	0.12%
NSC	B	0.12%
ETN	A	0.12%
ED	C	0.12%
FIS	C	0.11%
DHR	F	0.11%
O	C	0.11%
UNM	A	0.11%
ICE	C	0.11%
VST	A	0.11%
BSX	A	0.11%
PFGC	B	0.11%
BG	D	0.11%
NUE	C	0.11%
WEC	A	0.1%
WM	B	0.1%
PH	A	0.1%
CCI	C	0.1%
KMB	C	0.1%
LHX	C	0.1%
OVV	B	0.1%
EIX	B	0.1%
GIS	D	0.1%
GLW	B	0.1%
DHI	F	0.1%
AFG	A	0.09%
LAD	A	0.09%
RSG	A	0.09%
AEE	A	0.09%
TRGP	A	0.09%
VICI	C	0.09%
CL	D	0.09%
DTE	C	0.09%
PPL	A	0.09%
ITW	B	0.09%
SYK	B	0.09%
TAP	C	0.09%
SNX	D	0.08%
CNP	A	0.08%
FNF	B	0.08%
CMA	B	0.08%
FCX	F	0.08%
LUMN	C	0.08%
USFD	A	0.08%
EQR	C	0.08%
CARR	C	0.08%
EG	C	0.08%
K	A	0.08%
TT	A	0.08%
CTVA	C	0.08%
MRO	B	0.08%
BDX	F	0.08%
VTR	B	0.08%
ALLY	C	0.08%
CBRE	B	0.08%
ES	C	0.08%
RCL	A	0.08%
UBER	F	0.08%
FE	C	0.07%
LVS	B	0.07%
JXN	C	0.07%
GRMN	B	0.07%
PSA	C	0.07%
BWA	D	0.07%
IVZ	B	0.07%
ATO	A	0.07%
X	B	0.07%
ANET	C	0.07%
AVB	B	0.07%
AON	A	0.07%
HRL	D	0.07%
URI	C	0.07%
EQH	C	0.07%
MOS	F	0.07%
HAL	C	0.07%
AJG	A	0.06%
BEN	C	0.06%
BXP	C	0.06%
FHN	A	0.06%
GWW	B	0.06%
LH	B	0.06%
CMS	C	0.06%
VFC	C	0.06%
NVR	D	0.06%
ALK	B	0.06%
VNO	C	0.06%
THC	D	0.06%
PHM	D	0.06%
OMC	C	0.06%
DINO	D	0.06%
CTRA	B	0.06%
PPG	F	0.06%
HES	B	0.06%
R	B	0.06%
NI	A	0.06%
SHW	B	0.06%
JEF	A	0.06%
CF	A	0.06%
APH	A	0.06%
SPG	A	0.06%
CAG	F	0.06%
GPN	B	0.06%
RJF	A	0.06%
WY	F	0.06%
MHK	D	0.06%
AZO	C	0.06%
DVA	C	0.06%
NOW	A	0.06%
ALB	B	0.05%
LYV	A	0.05%
WPC	C	0.05%
UHS	D	0.05%
JBL	C	0.05%
KMX	B	0.05%
PKG	A	0.05%
APTV	F	0.05%
JLL	D	0.05%
LDOS	C	0.05%
DOC	C	0.05%
LEA	F	0.05%
DG	F	0.05%
GPI	B	0.05%
BLDR	D	0.05%
ARE	F	0.05%
GPC	D	0.05%
IFF	D	0.05%
ARMK	B	0.05%
OC	A	0.05%
STZ	D	0.05%
SWK	D	0.05%
ZBH	C	0.05%
TOL	B	0.05%
CNX	A	0.05%
RS	B	0.05%
JHG	B	0.05%
BAX	F	0.05%
LNC	C	0.05%
RNR	C	0.05%
PNW	A	0.05%
WRB	A	0.05%
WHR	B	0.05%
ARW	D	0.05%
STWD	C	0.05%
HSY	F	0.05%
NRG	B	0.05%
DGX	A	0.05%
AWK	C	0.05%
AMCR	C	0.05%
J	D	0.04%
DOV	A	0.04%
XPO	B	0.04%
OGS	A	0.04%
BRO	B	0.04%
NOG	B	0.04%
CPT	B	0.04%
KIM	A	0.04%
TXT	D	0.04%
M	F	0.04%
EW	C	0.04%
SF	B	0.04%
AN	C	0.04%
CNO	B	0.04%
BKH	A	0.04%
OHI	C	0.04%
EXPD	C	0.04%
MOH	F	0.04%
MUSA	B	0.04%
AME	A	0.04%
GL	C	0.04%
TMHC	C	0.04%
AES	F	0.04%
KRC	B	0.04%
SNA	A	0.04%
BERY	C	0.04%
TKO	A	0.04%
MKC	C	0.04%
WSO	A	0.04%
GAP	C	0.04%
HWM	A	0.04%
PWR	A	0.04%
ROK	C	0.04%
BALL	F	0.04%
MAA	B	0.04%
MUR	D	0.04%
SNV	C	0.04%
CIVI	D	0.04%
AA	A	0.04%
INVH	D	0.04%
DLR	B	0.04%
MCO	B	0.04%
TPR	B	0.04%
VOYA	B	0.04%
WBS	A	0.04%
CPAY	A	0.04%
CMG	B	0.04%
IQV	F	0.04%
AR	B	0.04%
SJM	D	0.04%
ESS	B	0.04%
IRM	C	0.04%
AIZ	A	0.04%
AL	B	0.04%
MGM	D	0.04%
UGI	C	0.04%
ECL	D	0.04%
ZTS	D	0.04%
EXR	C	0.04%
WCC	B	0.04%
DRI	B	0.04%
WAB	B	0.04%
EMN	C	0.04%
ORI	A	0.04%
MSI	B	0.04%
ABG	C	0.04%
CLH	C	0.03%
TGNA	B	0.03%
SSB	B	0.03%
MTG	C	0.03%
FMC	D	0.03%
DAR	C	0.03%
MAN	F	0.03%
ARCH	B	0.03%
CADE	B	0.03%
JNPR	D	0.03%
MAS	D	0.03%
CSL	C	0.03%
PK	C	0.03%
TRN	B	0.03%
BURL	B	0.03%
MTDR	B	0.03%
RDN	D	0.03%
BXMT	C	0.03%
CUZ	B	0.03%
TDS	B	0.03%
POST	C	0.03%
PAG	B	0.03%
HBI	B	0.03%
GPK	C	0.03%
CR	A	0.03%
WTRG	B	0.03%
BRX	A	0.03%
DTM	A	0.03%
GNW	A	0.03%
FLR	B	0.03%
NFG	A	0.03%
HUBB	B	0.03%
CEIX	A	0.03%
APLE	B	0.03%
CWK	C	0.03%
HP	C	0.03%
PBF	D	0.03%
BKU	A	0.03%
THO	B	0.03%
AGCO	D	0.03%
CNK	C	0.03%
UDR	B	0.03%
FNB	A	0.03%
CBOE	C	0.03%
ABM	B	0.03%
PR	B	0.03%
CFR	B	0.03%
EME	A	0.03%
GHC	B	0.03%
IT	C	0.03%
BTU	B	0.03%
DEI	B	0.03%
CHD	A	0.03%
RRC	B	0.03%
OGE	A	0.03%
PB	B	0.03%
RL	C	0.03%
ACM	B	0.03%
MTZ	B	0.03%
GEO	B	0.03%
COHR	B	0.03%
MLM	C	0.03%
GDDY	A	0.03%
CACI	D	0.03%
EL	F	0.03%
HIW	C	0.03%
HCC	B	0.03%
CLX	A	0.03%
KD	B	0.03%
FTV	C	0.03%
VMC	B	0.03%
YUM	D	0.03%
A	D	0.03%
DKS	D	0.03%
BJ	A	0.03%
KEYS	A	0.03%
GME	C	0.03%
WU	F	0.03%
MLI	B	0.03%
DXC	B	0.03%
TDY	B	0.03%
OGN	F	0.03%
IPG	D	0.03%
FAF	A	0.03%
CCK	D	0.03%
KNX	C	0.03%
ASB	B	0.03%
CMC	B	0.03%
INGR	C	0.03%
WLK	D	0.03%
NCLH	B	0.03%
OTIS	C	0.03%
AYI	B	0.02%
GMED	A	0.02%
ITT	A	0.02%
EPAM	B	0.02%
VVV	D	0.02%
KTB	B	0.02%
MGY	A	0.02%
FLO	D	0.02%
ADNT	F	0.02%
MAC	B	0.02%
VMI	B	0.02%
VSTS	C	0.02%
GATX	A	0.02%
AIT	B	0.02%
ATI	C	0.02%
VLTO	C	0.02%
AX	B	0.02%
LPX	B	0.02%
CABO	B	0.02%
ELS	C	0.02%
VYX	B	0.02%
KMPR	A	0.02%
UAA	C	0.02%
MHO	D	0.02%
FICO	B	0.02%
MSM	C	0.02%
EFX	F	0.02%
MOG.A	B	0.02%
KRG	B	0.02%
MCY	A	0.02%
POR	C	0.02%
GEF	A	0.02%
AXTA	B	0.02%
NATL	B	0.02%
FLS	B	0.02%
TNL	A	0.02%
CBT	D	0.02%
ABCB	B	0.02%
NVT	B	0.02%
KSS	F	0.02%
RRX	B	0.02%
BCC	B	0.02%
OI	C	0.02%
MTD	F	0.02%
PRG	C	0.02%
BHE	C	0.02%
PII	F	0.02%
FL	F	0.02%
BC	C	0.02%
LII	A	0.02%
CRC	A	0.02%
SR	A	0.02%
ALE	A	0.02%
BYD	B	0.02%
KAR	B	0.02%
ESNT	F	0.02%
SLG	B	0.02%
MDU	D	0.02%
PRGO	C	0.02%
AGO	B	0.02%
IDA	A	0.02%
OLN	F	0.02%
REZI	A	0.02%
AUB	B	0.02%
WAT	C	0.02%
AAP	D	0.02%
PVH	C	0.02%
BANC	B	0.02%
SWX	B	0.02%
CWEN	C	0.02%
AM	A	0.02%
HOG	D	0.02%
TYL	B	0.02%
GXO	B	0.02%
FBIN	D	0.02%
PNM	B	0.02%
EAT	A	0.02%
AVNT	B	0.02%
GBX	A	0.02%
RNST	B	0.02%
BBWI	C	0.02%
GBCI	B	0.02%
PRI	B	0.02%
HLT	A	0.02%
TPH	D	0.02%
CIEN	C	0.02%
MTH	D	0.02%
AVY	F	0.02%
CLF	F	0.02%
RVTY	F	0.02%
MATX	C	0.02%
CW	C	0.02%
EHC	B	0.02%
JWN	D	0.02%
SIG	B	0.02%
ADC	A	0.02%
H	B	0.02%
KEX	B	0.02%
HII	F	0.02%
EVR	B	0.02%
SLGN	A	0.02%
HOMB	A	0.02%
STE	D	0.02%
WSM	C	0.02%
KBH	D	0.02%
RHI	C	0.02%
GNRC	C	0.02%
SEM	B	0.02%
THG	A	0.02%
RPM	A	0.02%
DECK	A	0.02%
OSK	C	0.02%
PNR	A	0.02%
IR	B	0.02%
CRS	B	0.02%
CXW	C	0.02%
CUBE	C	0.02%
ALV	C	0.02%
G	B	0.02%
BR	A	0.02%
ABR	C	0.02%
NOV	C	0.02%
PFS	B	0.02%
TDG	D	0.02%
ENVA	B	0.02%
AMG	B	0.02%
NNN	C	0.02%
XYL	D	0.02%
MPW	F	0.02%
SCI	B	0.02%
RMD	C	0.02%
SON	F	0.02%
VSCO	C	0.02%
BIO	C	0.02%
SM	B	0.02%
BFH	C	0.02%
CE	F	0.02%
SKX	D	0.02%
HRB	D	0.02%
AMH	C	0.02%
GDOT	D	0.01%
RES	D	0.01%
TRST	B	0.01%
CHE	D	0.01%
PRA	C	0.01%
AVNS	F	0.01%
HFWA	C	0.01%
MSGS	A	0.01%
AIN	C	0.01%
CVI	F	0.01%
GO	C	0.01%
KELYA	F	0.01%
VRTS	B	0.01%
SCHL	F	0.01%
AAT	B	0.01%
XHR	B	0.01%
EZPW	B	0.01%
MMI	C	0.01%
AWR	B	0.01%
AZZ	A	0.01%
EFC	C	0.01%
MATV	D	0.01%
ONTO	F	0.01%
EPC	F	0.01%
SHAK	C	0.01%
TDC	D	0.01%
UFCS	A	0.01%
INN	D	0.01%
HCSG	C	0.01%
CWT	C	0.01%
HLX	B	0.01%
WRLD	C	0.01%
MP	C	0.01%
NBHC	C	0.01%
HAE	C	0.01%
CUBI	B	0.01%
DRH	B	0.01%
FSS	B	0.01%
ELME	D	0.01%
CHH	A	0.01%
ESAB	C	0.01%
WST	C	0.01%
GTY	A	0.01%
NGVT	B	0.01%
HXL	F	0.01%
GFF	A	0.01%
NHC	C	0.01%
JBT	B	0.01%
KNF	B	0.01%
MCW	C	0.01%
CPK	A	0.01%
ESE	B	0.01%
SHO	D	0.01%
YELP	C	0.01%
TPX	B	0.01%
DNOW	B	0.01%
HASI	D	0.01%
SPTN	D	0.01%
KN	B	0.01%
VRE	B	0.01%
KWR	C	0.01%
IBP	D	0.01%
CRI	F	0.01%
ASIX	B	0.01%
FCPT	C	0.01%
EXP	B	0.01%
BKE	B	0.01%
SKT	A	0.01%
EIG	B	0.01%
TREX	C	0.01%
ENR	B	0.01%
NBR	C	0.01%
CFFN	C	0.01%
AWI	A	0.01%
BOOT	C	0.01%
NSP	F	0.01%
MNRO	D	0.01%
LXP	D	0.01%
STC	B	0.01%
MC	C	0.01%
PUMP	C	0.01%
OII	B	0.01%
VTLE	C	0.01%
ALGT	B	0.01%
WD	D	0.01%
FND	D	0.01%
PAYC	B	0.01%
CWEN	C	0.01%
CPF	B	0.01%
LPG	F	0.01%
BRBR	A	0.01%
IPGP	D	0.01%
AXL	C	0.01%
TMP	B	0.01%
VNT	C	0.01%
WMS	F	0.01%
RWT	D	0.01%
LTC	B	0.01%
HI	C	0.01%
B	A	0.01%
SSD	F	0.01%
UE	B	0.01%
EGBN	B	0.01%
OFG	B	0.01%
PJT	A	0.01%
THS	D	0.01%
CPRI	F	0.01%
OMI	F	0.01%
ENOV	C	0.01%
SXT	C	0.01%
ORA	B	0.01%
DAY	B	0.01%
AROC	A	0.01%
WGO	C	0.01%
UNF	B	0.01%
DAN	D	0.01%
PARR	F	0.01%
GTLS	A	0.01%
CCS	D	0.01%
ANF	F	0.01%
DLB	B	0.01%
MTX	B	0.01%
ITGR	B	0.01%
BDN	C	0.01%
FCF	B	0.01%
DLX	B	0.01%
BRKL	B	0.01%
IRT	A	0.01%
HMN	B	0.01%
PHIN	A	0.01%
SXC	A	0.01%
VAL	F	0.01%
AKR	B	0.01%
NPO	A	0.01%
FBK	C	0.01%
RXO	D	0.01%
KMT	B	0.01%
VSTO	A	0.01%
KLG	B	0.01%
EGP	D	0.01%
DOCS	C	0.01%
SFBS	C	0.01%
NEU	D	0.01%
NYT	D	0.01%
CNM	D	0.01%
BRC	D	0.01%
WTS	B	0.01%
APAM	B	0.01%
ROL	B	0.01%
UA	C	0.01%
NSA	C	0.01%
SBSI	C	0.01%
RYN	D	0.01%
HGV	C	0.01%
BWXT	B	0.01%
SAH	C	0.01%
DPZ	C	0.01%
TEX	F	0.01%
LZB	B	0.01%
FUL	F	0.01%
RH	C	0.01%
PSTG	D	0.01%
CTRE	C	0.01%
FCN	F	0.01%
RC	D	0.01%
AEO	F	0.01%
DEA	D	0.01%
BCO	F	0.01%
VSH	F	0.01%
EPR	C	0.01%
TTC	C	0.01%
LCII	C	0.01%
PRK	B	0.01%
KW	C	0.01%
CDP	C	0.01%
FN	C	0.01%
OUT	A	0.01%
FIX	A	0.01%
GRBK	D	0.01%
PIPR	A	0.01%
RLI	A	0.01%
BHLB	B	0.01%
KFY	B	0.01%
PBH	A	0.01%
RBC	A	0.01%
PBI	B	0.01%
CRK	B	0.01%
IIPR	D	0.01%
MD	C	0.01%
BOH	B	0.01%
WEX	D	0.01%
DT	D	0.01%
PMT	C	0.01%
GVA	A	0.01%
SMG	C	0.01%
UNFI	A	0.01%
WOR	F	0.01%
SBH	C	0.01%
BDC	C	0.01%
ARI	C	0.01%
CRL	D	0.01%
LRN	A	0.01%
ASGN	F	0.01%
GMS	B	0.01%
GGG	B	0.01%
WH	B	0.01%
WS	C	0.01%
FDP	B	0.01%
EPRT	B	0.01%
LBRT	D	0.01%
FHI	B	0.01%
KBR	F	0.01%
NWN	A	0.01%
ENS	F	0.01%
ASH	F	0.01%
HNI	B	0.01%
PEB	D	0.01%
LW	C	0.01%
NVST	B	0.01%
FBP	C	0.01%
GNL	F	0.01%
COTY	F	0.01%
LEG	F	0.01%
MSCI	C	0.01%
CTLT	C	0.01%
TFX	F	0.01%
ACA	A	0.01%
FDS	B	0.01%
CBU	B	0.01%
AMR	C	0.01%
UVV	B	0.01%
STAG	D	0.01%
MMS	F	0.01%
DCI	B	0.01%
HTH	C	0.01%
CC	C	0.01%
TALO	C	0.01%
UCB	A	0.01%
JBGS	F	0.01%
REXR	F	0.01%
IEX	C	0.01%
AOS	F	0.01%
DY	D	0.01%
ATR	B	0.01%
BLD	D	0.01%
WKC	C	0.01%
SEE	C	0.01%
AVA	A	0.01%
FRT	B	0.01%
FR	D	0.01%
SLVM	B	0.01%
NJR	A	0.01%
ATGE	B	0.01%
TKR	D	0.01%
HLI	A	0.01%
WWW	A	0.01%
MTN	C	0.01%
VAC	C	0.01%
ST	F	0.01%
SPNT	B	0.01%
ALLE	C	0.01%
AORT	B	0.0%
NPK	B	0.0%
WOLF	F	0.0%
LESL	D	0.0%
GOGO	C	0.0%
PCRX	C	0.0%
RGNX	D	0.0%
CLB	B	0.0%
CERT	F	0.0%
SEDG	F	0.0%
NABL	F	0.0%
ELF	C	0.0%
CRSR	C	0.0%
SSTK	F	0.0%
HCI	C	0.0%
JBSS	F	0.0%
BMI	B	0.0%
MYE	F	0.0%
SNCY	C	0.0%
LQDT	B	0.0%
TGI	B	0.0%
NXRT	B	0.0%
BJRI	C	0.0%
MXL	C	0.0%
GKOS	B	0.0%
SHEN	F	0.0%
GPRE	F	0.0%
IIIN	C	0.0%
AHH	D	0.0%
THRY	D	0.0%
CARS	C	0.0%
WT	A	0.0%
DV	C	0.0%
IRWD	F	0.0%
CTS	C	0.0%
EPAC	C	0.0%
WSR	A	0.0%
CENT	C	0.0%
RGR	F	0.0%
PZZA	F	0.0%
TNC	D	0.0%
PEN	B	0.0%
USNA	C	0.0%
SXI	B	0.0%
PRLB	B	0.0%
YETI	D	0.0%
LNN	B	0.0%
MTUS	C	0.0%
SONO	C	0.0%
VVI	C	0.0%
HSII	B	0.0%
KOP	C	0.0%
KNSL	B	0.0%
SJW	F	0.0%
CALX	D	0.0%
ALG	B	0.0%
FLGT	F	0.0%
WNC	C	0.0%
DFIN	D	0.0%
OXM	F	0.0%
CNMD	C	0.0%
JOE	F	0.0%
RCUS	F	0.0%
USPH	B	0.0%
REX	D	0.0%
UHT	D	0.0%
SMP	C	0.0%
BSIG	A	0.0%
CXT	C	0.0%
FOXF	F	0.0%
BGS	F	0.0%
NX	C	0.0%
RAMP	B	0.0%
HZO	F	0.0%
SVC	F	0.0%
NVRI	D	0.0%
ETD	C	0.0%
HAYN	A	0.0%
TWI	F	0.0%
FBRT	D	0.0%
AIR	B	0.0%
TRIP	F	0.0%
ENV	B	0.0%
ROG	D	0.0%
BOX	B	0.0%
ZI	D	0.0%
EVTC	B	0.0%
GES	F	0.0%
HAYW	B	0.0%
DXPE	C	0.0%
VTOL	B	0.0%
HPP	F	0.0%
AMN	F	0.0%
UTL	B	0.0%
TR	B	0.0%
AMBC	C	0.0%
PRAA	D	0.0%
PLNT	A	0.0%
MTRN	C	0.0%
SAM	C	0.0%
CSR	B	0.0%
TILE	B	0.0%
BFS	C	0.0%
VSAT	F	0.0%
PAHC	C	0.0%
KREF	C	0.0%
HELE	C	0.0%
IART	C	0.0%
ALEX	B	0.0%
SCL	C	0.0%
MODG	F	0.0%
SOLV	D	0.0%
MSA	F	0.0%
CAL	F	0.0%

VLU Underweight 369 Positions Relative to ONEQ

Symbol	Grade	Weight
MELI	C	-0.32%
APP	B	-0.28%
CRWD	B	-0.26%
MRVL	B	-0.25%
PDD	F	-0.25%
DASH	B	-0.22%
ASML	F	-0.21%
COIN	C	-0.21%
MSTR	B	-0.2%
WDAY	B	-0.18%
TTD	B	-0.17%
DDOG	A	-0.13%
TEAM	A	-0.13%
AZN	F	-0.12%
CCEP	C	-0.11%
ZS	B	-0.1%
FCNCA	A	-0.1%
ALNY	D	-0.1%
GFS	C	-0.08%
TCOM	B	-0.08%
LPLA	A	-0.08%
HOOD	B	-0.08%
ZM	C	-0.07%
MDB	B	-0.07%
SSNC	B	-0.06%
NTNX	B	-0.06%
JD	D	-0.06%
NTRA	A	-0.06%
ARGX	B	-0.06%
GRAB	A	-0.06%
DKNG	B	-0.06%
CHKP	C	-0.06%
BSY	F	-0.05%
ENTG	D	-0.05%
SNY	F	-0.05%
DOCU	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%
RIVN	F	-0.04%
NTES	D	-0.04%
DUOL	A	-0.04%
RPRX	D	-0.04%
PAA	B	-0.04%
LBRDK	C	-0.04%
RKLB	A	-0.04%
BMRN	F	-0.04%
BIDU	F	-0.04%
LOGI	D	-0.04%
OKTA	C	-0.04%
MNDY	C	-0.04%
Z	A	-0.04%
SMMT	D	-0.04%
CYBR	A	-0.04%
BOKF	B	-0.03%
CSWI	B	-0.03%
GLBE	B	-0.03%
GTLB	B	-0.03%
OTEX	F	-0.03%
FRHC	B	-0.03%
PEGA	B	-0.03%
SIRI	C	-0.03%
HLNE	B	-0.03%
NICE	D	-0.03%
ROKU	D	-0.03%
ITCI	C	-0.03%
DOX	D	-0.03%
BGNE	D	-0.03%
EXAS	D	-0.03%
RVMD	C	-0.03%
FUTU	D	-0.03%
PCVX	D	-0.03%
INSM	C	-0.03%
BNTX	C	-0.03%
SRPT	F	-0.03%
WIX	A	-0.03%
ARLP	A	-0.02%
CLBT	B	-0.02%
VERX	A	-0.02%
GSHD	A	-0.02%
VIRT	A	-0.02%
GH	B	-0.02%
TGTX	B	-0.02%
AUR	C	-0.02%
GLNG	C	-0.02%
QFIN	A	-0.02%
FRSH	B	-0.02%
PI	D	-0.02%
APPF	B	-0.02%
KRYS	C	-0.02%
KTOS	B	-0.02%
LI	F	-0.02%
ALKT	B	-0.02%
CHCI	D	-0.02%
BBIO	F	-0.02%
ACLX	C	-0.02%
CRNX	C	-0.02%
TFSL	A	-0.02%
AXSM	B	-0.02%
CACC	D	-0.02%
BPMC	B	-0.02%
IEP	F	-0.02%
WMG	D	-0.02%
VCTR	B	-0.02%
ROAD	B	-0.02%
DJT	C	-0.02%
INTA	B	-0.02%
TIGO	D	-0.02%
NUVL	C	-0.02%
USLM	A	-0.02%
IONS	F	-0.02%
VKTX	F	-0.02%
NCNO	C	-0.02%
PRCT	B	-0.02%
BECN	B	-0.02%
STEP	C	-0.02%
VRNS	D	-0.02%
TENB	C	-0.02%
BPOP	C	-0.02%
AGNC	C	-0.02%
LCID	F	-0.02%
ALTR	B	-0.02%
CWST	A	-0.02%
REYN	D	-0.02%
HTHT	D	-0.02%
MARA	B	-0.02%
ACT	C	-0.02%
QXO	D	-0.02%
WSC	F	-0.02%
UPST	B	-0.02%
STRL	A	-0.02%
MDGL	B	-0.02%
IESC	C	-0.02%
CFLT	B	-0.02%
XP	F	-0.02%
MMYT	B	-0.02%
CRDO	B	-0.02%
TPG	A	-0.02%
FRPT	A	-0.02%
LYFT	C	-0.02%
ASND	F	-0.02%
SRAD	A	-0.01%
BFST	C	-0.01%
KRUS	B	-0.01%
WOOF	D	-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%
SAVA	C	-0.01%
MOMO	D	-0.01%
EBTC	C	-0.01%
IMKTA	C	-0.01%
BVS	D	-0.01%
LILAK	D	-0.01%
TRS	B	-0.01%
COGT	D	-0.01%
BCBP	B	-0.01%
CLOV	D	-0.01%
RCKT	F	-0.01%
SDGR	C	-0.01%
BMBL	C	-0.01%
TRNS	D	-0.01%
ARDX	F	-0.01%
PYCR	B	-0.01%
AMRK	F	-0.01%
PLUG	F	-0.01%
TRDA	C	-0.01%
ASTL	B	-0.01%
KC	B	-0.01%
VRNT	C	-0.01%
HROW	D	-0.01%
NSSC	D	-0.01%
VITL	D	-0.01%
SPRY	C	-0.01%
IRON	B	-0.01%
TLRY	F	-0.01%
OPK	C	-0.01%
ISTR	B	-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%
OLPX	D	-0.01%
IBUY	B	-0.01%
KURA	F	-0.01%
CLDX	F	-0.01%
ANIP	F	-0.01%
MLCO	F	-0.01%
RNW	D	-0.01%
AVO	C	-0.01%
SPT	C	-0.01%
CMCO	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%
SOUN	B	-0.01%
DAWN	D	-0.01%
SNDX	F	-0.01%
SIMO	D	-0.01%
UDMY	D	-0.01%
WB	D	-0.01%
LBRDA	C	-0.01%
SPNS	F	-0.01%
INMD	C	-0.01%
KRNT	B	-0.01%
RDWR	B	-0.01%
TVTX	C	-0.01%
DLO	C	-0.01%
INFN	D	-0.01%
HBNC	B	-0.01%
CRAI	C	-0.01%
ARVN	F	-0.01%
MBUU	B	-0.01%
IAS	C	-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%
FA	C	-0.01%
PEBO	B	-0.01%
TCBK	C	-0.01%
ULH	C	-0.01%
NEXT	C	-0.01%
AKRO	B	-0.01%
GDYN	B	-0.01%
PAGP	A	-0.01%
AXNX	A	-0.01%
AUPH	B	-0.01%
SBLK	F	-0.01%
MNKD	C	-0.01%
OCFC	B	-0.01%
MQ	D	-0.01%
ERII	D	-0.01%
LBPH	A	-0.01%
PTGX	D	-0.01%
AY	A	-0.01%
ATSG	B	-0.01%
TARS	C	-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%
BEAM	D	-0.01%
GABC	B	-0.01%
ZLAB	C	-0.01%
INBK	B	-0.01%
JANX	C	-0.01%
HPK	B	-0.01%
RIOT	C	-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%
VMEO	B	-0.01%
MBIN	F	-0.01%
VERA	C	-0.01%
APPN	B	-0.01%
ATAT	C	-0.01%
JAMF	F	-0.01%
BILI	D	-0.01%
EVCM	B	-0.01%
PTVE	B	-0.01%
GDS	C	-0.01%
YY	B	-0.01%
RPD	B	-0.01%
IRTC	C	-0.01%
SASR	B	-0.01%
LAUR	A	-0.01%
NMRK	C	-0.01%
CGON	F	-0.01%
ALHC	C	-0.01%
WSBC	B	-0.01%
NNBR	C	-0.01%
CLBK	C	-0.01%
SYBT	B	-0.01%
AMRX	C	-0.01%
OSW	B	-0.01%
FLNC	D	-0.01%
FRME	B	-0.01%
VRNA	B	-0.01%
WULF	C	-0.01%
MGNI	B	-0.01%
KROS	D	-0.01%
GOGL	F	-0.01%
CIFR	C	-0.01%
HURN	C	-0.01%
CLSK	C	-0.01%
VCYT	B	-0.01%
FIVN	C	-0.01%
STNE	F	-0.01%
EFSC	B	-0.01%
HEES	C	-0.01%
SKWD	A	-0.01%
LMAT	A	-0.01%
ICFI	F	-0.01%
APLS	F	-0.01%
MRUS	F	-0.01%
PLTK	B	-0.01%
MIRM	B	-0.01%
HCP	B	-0.01%
GGAL	B	-0.01%
FROG	C	-0.01%
EWTX	C	-0.01%
SWTX	C	-0.01%
BRZE	C	-0.01%
ERIC	C	-0.01%
SGRY	F	-0.01%
SRRK	C	-0.01%
MGRC	B	-0.01%
NPAB	F	-0.01%
ACAD	C	-0.01%
ATRC	C	-0.01%
FOLD	F	-0.01%
RBCAA	B	-0.01%
ZG	A	-0.01%
TOWN	B	-0.01%
BL	B	-0.01%
LEGN	D	-0.01%
RNA	C	-0.01%
ESGR	B	-0.01%
VOD	F	-0.01%
WVE	C	-0.01%
IAC	F	-0.01%
XENE	D	-0.01%
PTCT	B	-0.01%
BZ	F	-0.01%
DRVN	B	-0.01%
AMBA	B	-0.01%
LFST	B	-0.01%
ACVA	B	-0.01%
ADMA	B	-0.01%
RYTM	C	-0.01%
EBC	B	-0.01%
DNLI	D	-0.01%
AGIO	C	-0.01%
RARE	F	-0.01%
HTLF	B	-0.01%
FIBK	B	-0.01%
IMVT	F	-0.01%
CRSP	D	-0.01%