EQAL vs. FHLC ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Fidelity MSCI Health Care Index ETF (FHLC)

EQAL

PowerShares Russell 1000 Equal Weight Portfolio

EQAL Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 1000® Equal Weight Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Frank Russell Company (the "Index Provider") compiles and maintains the underlying index, which is composed of all of the securities in the Russell 1000® Index (the "Russell 1000") "equally weighted."

Grade (RS Rating)

Last Trade

$48.66

Average Daily Volume

21,418

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

FHLC

Fidelity MSCI Health Care Index ETF

FHLC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Health Care Index, which represents the performance of the health care sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Health Care Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.34

Average Daily Volume

131,520

Number of Holdings ^*

327

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	FHLC
30 Days	3.58%	-1.31%
60 Days	5.21%	2.25%
90 Days	9.48%	5.81%
12 Months	24.00%	20.09%

103 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in FHLC	Overlap
A	C	0.08%	0.62%	0.08%
ABBV	B	0.09%	5.2%	0.09%
ABT	C	0.08%	3.01%	0.08%
ACHC	D	0.09%	0.11%	0.09%
ALGN	D	0.08%	0.28%	0.08%
ALNY	C	0.14%	0.53%	0.14%
AMED	D	0.08%	0.05%	0.05%
AMGN	D	0.08%	2.76%	0.08%
APLS	F	0.07%	0.04%	0.04%
AVTR	C	0.1%	0.28%	0.1%
AZTA	F	0.07%	0.04%	0.04%
BAX	C	0.09%	0.3%	0.09%
BDX	D	0.08%	1.03%	0.08%
BIIB	F	0.07%	0.44%	0.07%
BIO	C	0.09%	0.1%	0.09%
BMRN	F	0.07%	0.2%	0.07%
BMY	C	0.09%	1.53%	0.09%
BRKR	D	0.08%	0.11%	0.08%
BSX	B	0.08%	1.88%	0.08%
CAH	C	0.08%	0.42%	0.08%
CERT	F	0.07%	0.02%	0.02%
CHE	C	0.09%	0.13%	0.09%
CI	C	0.08%	1.54%	0.08%
CNC	D	0.09%	0.62%	0.09%
CRL	F	0.08%	0.16%	0.08%
CTLT	B	0.09%	0.17%	0.09%
CVS	D	0.15%	1.1%	0.15%
DGX	B	0.09%	0.26%	0.09%
DHR	B	0.09%	2.77%	0.09%
DOCS	B	0.12%	0.07%	0.07%
DVA	B	0.09%	0.13%	0.09%
DXCM	F	0.05%	0.43%	0.05%
EHC	B	0.09%	0.14%	0.09%
ELAN	D	0.06%	0.11%	0.06%
ELV	D	0.08%	1.91%	0.08%
ENOV	F	0.08%	0.04%	0.04%
EW	F	0.06%	0.61%	0.06%
EXAS	D	0.13%	0.2%	0.13%
EXEL	C	0.1%	0.11%	0.1%
FTRE	F	0.08%	0.03%	0.03%
GEHC	B	0.09%	0.6%	0.09%
GILD	B	0.1%	1.59%	0.1%
GMED	D	0.08%	0.12%	0.08%
HCA	B	0.09%	1.21%	0.09%
HOLX	D	0.09%	0.29%	0.09%
HSIC	C	0.09%	0.14%	0.09%
HUM	F	0.07%	0.57%	0.07%
IDXX	D	0.08%	0.64%	0.08%
ILMN	D	0.1%	0.32%	0.1%
INCY	C	0.08%	0.16%	0.08%
INSP	D	0.1%	0.1%	0.1%
IONS	F	0.08%	0.09%	0.08%
IQV	D	0.09%	0.67%	0.09%
ISRG	C	0.09%	2.63%	0.09%
ITCI	D	0.08%	0.11%	0.08%
JAZZ	D	0.08%	0.1%	0.08%
JNJ	C	0.09%	6.02%	0.09%
LLY	D	0.08%	11.34%	0.08%
MASI	C	0.07%	0.08%	0.07%
MCK	F	0.13%	1.0%	0.13%
MDT	B	0.09%	1.75%	0.09%
MEDP	F	0.07%	0.15%	0.07%
MOH	D	0.09%	0.31%	0.09%
MRK	F	0.07%	4.52%	0.07%
MRNA	F	0.04%	0.33%	0.04%
MTD	C	0.04%	0.46%	0.04%
NBIX	F	0.07%	0.18%	0.07%
NTRA	C	0.09%	0.23%	0.09%
NVST	D	0.09%	0.05%	0.05%
OGN	D	0.08%	0.08%	0.08%
PEN	D	0.09%	0.11%	0.09%
PFE	D	0.08%	2.54%	0.08%
PINC	D	0.09%	0.03%	0.03%
PODD	C	0.09%	0.25%	0.09%
PRGO	F	0.08%	0.06%	0.06%
RARE	C	0.12%	0.07%	0.07%
RCM	C	0.09%	0.04%	0.04%
REGN	D	0.09%	1.89%	0.09%
RGEN	F	0.09%	0.12%	0.09%
RMD	C	0.09%	0.55%	0.09%
RPRX	C	0.08%	0.16%	0.08%
SHC	C	0.11%	0.04%	0.04%
SOLV	D	0.1%	0.16%	0.1%
SRPT	F	0.08%	0.16%	0.08%
STE	B	0.09%	0.36%	0.09%
SYK	C	0.08%	1.91%	0.08%
TECH	C	0.08%	0.19%	0.08%
TFX	B	0.09%	0.17%	0.09%
THC	C	0.1%	0.25%	0.1%
TMO	B	0.09%	3.57%	0.09%
TXG	D	0.09%	0.03%	0.03%
UHS	C	0.1%	0.22%	0.1%
UNH	C	0.09%	8.06%	0.09%
UTHR	B	0.09%	0.23%	0.09%
VEEV	C	0.09%	0.5%	0.09%
VKTX	D	0.11%	0.11%	0.11%
VRTX	D	0.08%	1.83%	0.08%
VTRS	D	0.09%	0.21%	0.09%
WAT	B	0.05%	0.3%	0.05%
WST	D	0.07%	0.34%	0.07%
XRAY	D	0.08%	0.08%	0.08%
ZBH	F	0.08%	0.33%	0.08%
ZTS	B	0.09%	1.34%	0.09%

EQAL Overweight 859 Positions Relative to FHLC

Symbol	Grade	Weight
UI	B	0.75%
ROKU	D	0.71%
FYBR	C	0.7%
LITE	B	0.63%
CIEN	B	0.61%
LBRDK	C	0.59%
CHTR	D	0.58%
T	B	0.58%
MSI	B	0.57%
TMUS	B	0.56%
IRDM	C	0.55%
ANET	C	0.55%
VZ	A	0.54%
CSCO	B	0.54%
JNPR	A	0.54%
CMCSA	C	0.53%
NEM	C	0.29%
FMC	B	0.27%
CF	B	0.26%
RGLD	C	0.26%
SMG	B	0.26%
RBC	B	0.25%
FAST	C	0.25%
EMN	B	0.25%
ECL	B	0.24%
TKR	C	0.24%
X	F	0.24%
ETR	A	0.24%
TRGP	C	0.24%
MP	C	0.24%
APD	B	0.24%
LIN	B	0.24%
NEU	D	0.24%
IFF	A	0.24%
IP	C	0.24%
EVRG	B	0.23%
DUK	B	0.23%
OKE	C	0.23%
AEP	C	0.23%
ES	B	0.23%
CMS	B	0.23%
ATO	B	0.23%
VVV	D	0.23%
LNT	A	0.23%
EIX	B	0.23%
AEE	B	0.23%
LYB	D	0.23%
PNW	C	0.23%
RS	D	0.23%
TPL	C	0.23%
WEC	B	0.23%
NI	B	0.23%
XEL	B	0.23%
ALB	D	0.22%
CE	D	0.22%
SRE	B	0.22%
ESI	C	0.22%
PCG	C	0.22%
HXL	F	0.22%
DTM	C	0.22%
BKR	C	0.22%
NUE	D	0.22%
NFG	B	0.22%
SCCO	C	0.22%
IDA	B	0.22%
STLD	C	0.22%
AVY	C	0.22%
LNG	D	0.22%
DTE	A	0.22%
K	A	0.22%
CWEN	A	0.22%
MOS	F	0.22%
WLK	C	0.22%
SO	B	0.22%
EXC	B	0.22%
ED	B	0.22%
FE	B	0.22%
PPL	A	0.22%
PEG	B	0.22%
OGE	B	0.22%
NEE	B	0.22%
HUN	C	0.22%
AWK	C	0.22%
D	C	0.22%
ASH	F	0.21%
OLN	D	0.21%
RSG	D	0.21%
FCX	C	0.21%
WMB	C	0.21%
FTI	D	0.21%
SRCL	B	0.21%
VNO	B	0.21%
UGI	B	0.21%
ENPH	D	0.21%
CLH	C	0.21%
KMI	C	0.21%
NRG	B	0.2%
AGR	C	0.2%
EOG	D	0.2%
AA	C	0.2%
COKE	C	0.2%
WTRG	D	0.2%
VST	B	0.2%
XOM	D	0.2%
PPC	D	0.19%
CLF	F	0.19%
BXP	C	0.19%
PSX	F	0.19%
KVUE	B	0.19%
MKC	C	0.19%
MPC	F	0.19%
SWN	C	0.19%
CC	D	0.19%
CBRE	B	0.19%
WM	D	0.19%
COP	F	0.19%
Z	C	0.19%
AES	C	0.19%
MRO	D	0.19%
AM	B	0.19%
MDLZ	C	0.18%
CNP	C	0.18%
KO	B	0.18%
PR	F	0.18%
CPB	C	0.18%
CAG	B	0.18%
MTDR	F	0.18%
HES	F	0.18%
APA	F	0.18%
VLO	F	0.18%
CUZ	C	0.18%
PFGC	B	0.18%
CHK	C	0.18%
EQT	C	0.18%
IRM	C	0.18%
KRC	C	0.18%
FSLR	C	0.18%
HIW	C	0.18%
CVX	F	0.18%
NOV	F	0.18%
USFD	C	0.18%
CEG	C	0.18%
SLB	F	0.18%
PM	C	0.18%
FANG	F	0.18%
INGR	B	0.18%
CLX	C	0.18%
EPR	C	0.17%
SEB	D	0.17%
KHC	C	0.17%
HHH	C	0.17%
DAR	F	0.17%
HSY	D	0.17%
CCI	C	0.17%
AMT	C	0.17%
CUBE	C	0.17%
MPW	C	0.17%
FR	C	0.17%
SJM	C	0.17%
OVV	F	0.17%
ADC	C	0.17%
KR	B	0.17%
TAP	D	0.17%
WELL	C	0.17%
KDP	B	0.17%
TSN	D	0.17%
REYN	C	0.17%
FRPT	C	0.17%
CTRA	F	0.17%
PSA	C	0.17%
MO	C	0.17%
KIM	C	0.17%
HAL	F	0.17%
DINO	F	0.17%
OHI	C	0.17%
VTR	C	0.17%
DVN	F	0.17%
CTVA	B	0.17%
POST	B	0.17%
BRX	C	0.17%
GIS	B	0.17%
SBAC	C	0.17%
RRC	D	0.17%
SUI	C	0.17%
JLL	B	0.17%
ESS	C	0.16%
WFRD	F	0.16%
NNN	B	0.16%
COLD	D	0.16%
DOC	B	0.16%
FRT	C	0.16%
STAG	D	0.16%
SYY	C	0.16%
CIVI	F	0.16%
WPC	C	0.16%
EQR	C	0.16%
PG	C	0.16%
ADM	D	0.16%
UDR	C	0.16%
EXR	C	0.16%
CHRD	F	0.16%
EQIX	B	0.16%
AVB	C	0.16%
SPG	B	0.16%
LAMR	B	0.16%
NSA	C	0.16%
SPB	B	0.16%
EGP	C	0.16%
GLPI	C	0.16%
CPT	C	0.16%
OXY	F	0.16%
ELS	D	0.16%
PEP	D	0.16%
BRBR	B	0.16%
O	B	0.16%
VICI	C	0.16%
CL	C	0.16%
REG	C	0.16%
AR	C	0.16%
HRL	F	0.16%
WY	C	0.16%
MAA	C	0.16%
PLD	C	0.16%
REXR	C	0.16%
FLO	C	0.16%
MNST	D	0.16%
ACI	F	0.15%
STZ	C	0.15%
ARE	C	0.15%
PK	D	0.15%
SAM	D	0.15%
RYN	C	0.15%
DLR	B	0.15%
BG	F	0.15%
CSGP	D	0.15%
CASY	D	0.15%
AMH	D	0.15%
KMB	C	0.15%
INVH	D	0.14%
HST	D	0.14%
CHD	C	0.14%
GO	F	0.12%
LW	D	0.12%
NFE	F	0.1%
APP	C	0.1%
CELH	F	0.09%
COLB	B	0.09%
TPG	C	0.09%
PLTR	C	0.09%
WBA	F	0.09%
WAL	B	0.09%
DNB	D	0.08%
NOW	C	0.08%
STT	B	0.08%
DT	C	0.08%
PB	D	0.08%
PSN	B	0.08%
NDAQ	C	0.08%
CLVT	D	0.08%
EVR	B	0.08%
FITB	B	0.08%
KEY	C	0.08%
FFIV	B	0.08%
GWRE	B	0.08%
MDB	D	0.08%
CVNA	B	0.08%
BX	C	0.08%
CMA	C	0.08%
FTNT	B	0.08%
SOFI	D	0.08%
U	D	0.08%
GL	D	0.08%
MKTX	D	0.08%
PNFP	C	0.08%
RH	C	0.08%
JEF	C	0.08%
VIRT	C	0.08%
RKT	C	0.08%
S	D	0.08%
QGEN	C	0.08%
ON	D	0.07%
RLI	B	0.07%
AGNC	B	0.07%
CME	B	0.07%
PFG	B	0.07%
EPAM	F	0.07%
CG	C	0.07%
AAPL	C	0.07%
PATH	D	0.07%
ACGL	B	0.07%
RNG	F	0.07%
CB	B	0.07%
AFRM	D	0.07%
TFSL	D	0.07%
STWD	B	0.07%
BRO	C	0.07%
AXS	B	0.07%
CRM	C	0.07%
MPWR	B	0.07%
TOL	A	0.07%
CTSH	B	0.07%
DUOL	C	0.07%
GS	B	0.07%
XP	D	0.07%
ADSK	B	0.07%
DOCU	C	0.07%
IBKR	B	0.07%
RJF	C	0.07%
AKAM	D	0.07%
FHN	D	0.07%
GLW	B	0.07%
VFC	B	0.07%
MORN	C	0.07%
WTW	B	0.07%
DOX	C	0.07%
TSLA	C	0.07%
META	B	0.07%
NTNX	D	0.07%
HIG	B	0.07%
BFAM	C	0.07%
BRK.A	C	0.07%
TRV	C	0.07%
FNB	D	0.07%
DFS	C	0.07%
CNA	D	0.07%
SLM	C	0.07%
CACI	B	0.07%
JHG	B	0.07%
OZK	F	0.07%
IT	C	0.07%
NTRS	C	0.07%
RYAN	C	0.07%
SN	B	0.07%
DXC	D	0.07%
TW	B	0.07%
ZM	C	0.07%
SF	B	0.07%
GLOB	D	0.07%
MET	B	0.07%
MSCI	C	0.07%
AIZ	B	0.07%
WDAY	D	0.07%
KNSL	D	0.07%
FDS	C	0.07%
RNR	B	0.07%
GDDY	C	0.07%
SAIC	C	0.07%
DHI	C	0.07%
MCO	C	0.07%
AMG	C	0.07%
DBX	C	0.07%
IVZ	B	0.07%
PHM	B	0.07%
ORI	B	0.07%
TWLO	C	0.07%
PEGA	B	0.07%
ARES	B	0.07%
IAC	C	0.07%
ORCL	B	0.07%
TFC	D	0.07%
EWBC	C	0.07%
ZION	D	0.07%
MANH	B	0.07%
ALL	C	0.07%
AON	B	0.07%
LCID	C	0.07%
WTFC	C	0.07%
CFR	C	0.07%
PAYC	D	0.07%
WBS	C	0.07%
USB	C	0.07%
DAY	D	0.07%
FCNCA	D	0.07%
UNM	B	0.07%
HLI	C	0.07%
SPGI	C	0.07%
CBSH	D	0.07%
BLK	B	0.07%
HBAN	B	0.07%
TYL	C	0.07%
BPOP	C	0.07%
THG	C	0.07%
FHB	D	0.07%
CBOE	C	0.07%
AFL	A	0.07%
COHR	C	0.07%
KKR	B	0.07%
BOKF	C	0.07%
MTG	B	0.07%
MTCH	C	0.07%
ICE	C	0.07%
GTLB	D	0.07%
PGR	C	0.07%
MTB	C	0.07%
CFG	D	0.07%
UWMC	D	0.07%
BK	B	0.07%
SSNC	C	0.07%
PNC	C	0.07%
IBM	B	0.07%
SMAR	A	0.07%
PYCR	D	0.07%
NU	C	0.07%
CINF	C	0.07%
SNV	D	0.07%
FNF	B	0.07%
RF	B	0.07%
DASH	B	0.07%
FAF	B	0.07%
AN	C	0.06%
ONTO	C	0.06%
HD	B	0.06%
DLB	D	0.06%
GOOGL	D	0.06%
SCI	C	0.06%
CARR	B	0.06%
PII	D	0.06%
QRVO	F	0.06%
SHW	B	0.06%
POOL	C	0.06%
KLAC	D	0.06%
EFX	C	0.06%
KD	F	0.06%
DRI	C	0.06%
BEN	F	0.06%
MSGS	B	0.06%
AAON	B	0.06%
SWKS	F	0.06%
LYV	A	0.06%
NTAP	D	0.06%
LNW	F	0.06%
TPX	B	0.06%
TROW	C	0.06%
TTD	B	0.06%
UAA	C	0.06%
EXPE	C	0.06%
PCOR	D	0.06%
SWK	B	0.06%
CRBG	C	0.06%
LEG	D	0.06%
RCL	B	0.06%
MAT	D	0.06%
SNDR	B	0.06%
LOW	B	0.06%
NWL	C	0.06%
APH	C	0.06%
WFC	D	0.06%
PYPL	B	0.06%
HUBS	D	0.06%
SPOT	C	0.06%
WMT	B	0.06%
WTM	F	0.06%
CPNG	B	0.06%
PLNT	C	0.06%
WHR	C	0.06%
CACC	F	0.06%
HPQ	C	0.06%
BURL	C	0.06%
ARMK	B	0.06%
OMC	B	0.06%
MCD	B	0.06%
ZS	F	0.06%
MMM	B	0.06%
VSTS	D	0.06%
AMD	C	0.06%
AVGO	C	0.06%
SITE	D	0.06%
CCL	C	0.06%
AXON	B	0.06%
EBAY	B	0.06%
PH	B	0.06%
URI	B	0.06%
CHH	B	0.06%
NCLH	B	0.06%
CDW	D	0.06%
FOXA	B	0.06%
MSFT	C	0.06%
NCNO	F	0.06%
TKO	A	0.06%
THO	C	0.06%
HAS	B	0.06%
BSY	C	0.06%
HOG	C	0.06%
ANSS	D	0.06%
KBR	D	0.06%
JBL	C	0.06%
EXP	B	0.06%
WBD	D	0.06%
UHAL	B	0.06%
APPF	C	0.06%
MSTR	C	0.06%
HRB	C	0.06%
AIG	D	0.06%
CRUS	D	0.06%
QS	F	0.06%
DDOG	D	0.06%
AVT	B	0.06%
MTSI	C	0.06%
ROP	C	0.06%
LNC	C	0.06%
VRSN	C	0.06%
SBUX	C	0.06%
BYD	C	0.06%
GEV	B	0.06%
OLED	D	0.06%
VRT	C	0.06%
ADI	C	0.06%
FICO	B	0.06%
HCP	A	0.06%
ADBE	F	0.06%
MRVL	D	0.06%
BLDR	C	0.06%
LAD	B	0.06%
PTC	C	0.06%
EG	B	0.06%
MKL	C	0.06%
BAC	D	0.06%
KMPR	D	0.06%
OMF	D	0.06%
TEAM	D	0.06%
APO	B	0.06%
BHF	F	0.06%
MS	B	0.06%
AGO	D	0.06%
EQH	C	0.06%
L	D	0.06%
MHK	B	0.06%
CPRI	D	0.06%
C	C	0.06%
PRU	C	0.06%
BR	C	0.06%
AMP	B	0.06%
MMC	C	0.06%
NET	D	0.06%
TOST	C	0.06%
HOOD	C	0.06%
TRU	B	0.06%
ARW	B	0.06%
SEIC	B	0.06%
RGA	C	0.06%
RIVN	F	0.06%
CNXC	F	0.06%
INTU	D	0.06%
JPM	D	0.06%
OWL	B	0.06%
LDOS	A	0.06%
NVR	B	0.06%
AJG	D	0.06%
LEN	B	0.06%
RBLX	C	0.06%
PANW	D	0.06%
AFG	C	0.06%
TXN	B	0.06%
VOYA	B	0.06%
WRB	D	0.06%
PRI	B	0.06%
AOS	B	0.05%
CMG	D	0.05%
AME	C	0.05%
BROS	D	0.05%
MGM	D	0.05%
LSTR	D	0.05%
PSTG	F	0.05%
ADTN	C	0.05%
ROK	D	0.05%
V	C	0.05%
NKE	D	0.05%
OSK	F	0.05%
LHX	C	0.05%
VMC	C	0.05%
TXT	D	0.05%
LYFT	D	0.05%
DKNG	C	0.05%
BJ	D	0.05%
IEX	C	0.05%
DECK	C	0.05%
F	F	0.05%
SPR	D	0.05%
RHI	D	0.05%
GNRC	D	0.05%
DIS	D	0.05%
WSO	C	0.05%
DD	B	0.05%
DOV	B	0.05%
CFLT	F	0.05%
LPLA	D	0.05%
CSX	C	0.05%
IR	B	0.05%
CSL	B	0.05%
VMI	C	0.05%
MAN	C	0.05%
ETSY	D	0.05%
WCC	C	0.05%
MDU	B	0.05%
PWR	B	0.05%
TDG	B	0.05%
BWXT	A	0.05%
JKHY	B	0.05%
FTV	C	0.05%
DKS	D	0.05%
ITW	B	0.05%
SNA	B	0.05%
PAYX	C	0.05%
LVS	C	0.05%
KEX	C	0.05%
ATR	B	0.05%
DAL	C	0.05%
CNH	C	0.05%
COTY	D	0.05%
DELL	C	0.05%
DE	A	0.05%
TRMB	C	0.05%
AXTA	B	0.05%
GGG	C	0.05%
CR	B	0.05%
ALK	B	0.05%
HII	F	0.05%
FCN	C	0.05%
BLD	C	0.05%
LEA	D	0.05%
JCI	B	0.05%
APTV	D	0.05%
MSM	D	0.05%
VLTO	B	0.05%
SQ	D	0.05%
ACN	C	0.05%
AMKR	F	0.05%
XPO	D	0.05%
QCOM	D	0.05%
YETI	D	0.05%
FIS	C	0.05%
ESAB	C	0.05%
WAB	B	0.05%
YUM	B	0.05%
UNP	D	0.05%
GFS	F	0.05%
TSCO	B	0.05%
COF	B	0.05%
MA	B	0.05%
GXO	D	0.05%
AYI	B	0.05%
BALL	C	0.05%
CMI	B	0.05%
LKQ	F	0.05%
TTEK	C	0.05%
GPK	C	0.05%
GPC	D	0.05%
GWW	B	0.05%
AMAT	D	0.05%
NWSA	D	0.05%
GTES	C	0.05%
WSM	C	0.05%
AAL	D	0.05%
EME	B	0.05%
TTWO	D	0.05%
NDSN	C	0.05%
NSC	C	0.05%
AMCR	B	0.05%
BERY	B	0.05%
KNX	C	0.05%
RPM	B	0.05%
JBHT	D	0.05%
TNL	C	0.05%
GE	C	0.05%
J	A	0.05%
ADP	C	0.05%
ITT	B	0.05%
RTX	B	0.05%
TT	B	0.05%
PENN	D	0.05%
OLLI	C	0.05%
RL	B	0.05%
LII	C	0.05%
TDY	B	0.05%
SYF	C	0.05%
HUBB	B	0.05%
CAT	B	0.05%
ACM	B	0.05%
COLM	C	0.05%
MTZ	C	0.05%
HAYW	C	0.05%
MAR	B	0.05%
SSD	C	0.05%
PLTK	C	0.05%
MIDD	C	0.05%
BC	C	0.05%
KEYS	B	0.05%
SNPS	F	0.05%
ROL	C	0.05%
CTAS	C	0.05%
CW	B	0.05%
TXRH	B	0.05%
GM	C	0.05%
INFA	D	0.05%
CPRT	D	0.05%
BKNG	B	0.05%
AWI	B	0.05%
BILL	D	0.05%
CHDN	D	0.05%
AMZN	C	0.05%
EA	D	0.05%
ORLY	B	0.05%
ALGM	D	0.05%
PKG	B	0.05%
FND	C	0.05%
MUSA	D	0.05%
H	B	0.05%
AZO	B	0.05%
BWA	C	0.05%
LUV	C	0.05%
HEI	C	0.05%
AXP	B	0.05%
HLT	B	0.05%
ODFL	D	0.05%
NFLX	B	0.05%
TDC	D	0.05%
TPR	A	0.05%
WING	C	0.05%
COST	C	0.05%
WDC	C	0.05%
W	C	0.05%
FIX	B	0.05%
SLGN	B	0.05%
PARA	D	0.05%
ENTG	D	0.05%
MTN	D	0.05%
OKTA	F	0.05%
IPGP	D	0.05%
CHRW	B	0.05%
ROST	C	0.05%
ATI	C	0.05%
CRI	D	0.05%
FDX	D	0.05%
CPAY	B	0.05%
HPE	C	0.05%
GPN	D	0.05%
ALLY	F	0.05%
ZI	D	0.05%
CDNS	D	0.05%
ULTA	D	0.05%
PCTY	D	0.05%
LPX	B	0.05%
LOPE	D	0.05%
MCHP	D	0.05%
NOC	B	0.05%
BBY	A	0.05%
UBER	C	0.05%
CZR	C	0.05%
WEX	C	0.05%
TJX	C	0.05%
GRMN	D	0.05%
PAG	D	0.05%
LMT	A	0.05%
FOUR	C	0.05%
IPG	C	0.05%
G	C	0.05%
UAL	B	0.05%
ALSN	B	0.05%
MAS	B	0.05%
SCHW	D	0.05%
PNR	B	0.05%
NXST	D	0.05%
CCK	B	0.05%
JWN	C	0.05%
SNOW	F	0.05%
NVDA	C	0.05%
R	C	0.05%
HWM	B	0.05%
ZBRA	B	0.05%
KMX	D	0.05%
TER	C	0.05%
SNX	C	0.05%
WEN	C	0.05%
NYT	B	0.05%
RBA	D	0.05%
LSCC	D	0.05%
TGT	C	0.05%
RRX	C	0.05%
DV	F	0.05%
ALLE	B	0.05%
WH	B	0.05%
BBWI	D	0.04%
MU	D	0.04%
CGNX	F	0.04%
TREX	F	0.04%
GME	D	0.04%
MKSI	F	0.04%
VNT	F	0.04%
CNM	F	0.04%
BA	F	0.04%
EL	D	0.04%
CAR	D	0.04%
BIRK	F	0.04%
DPZ	D	0.04%
TTC	F	0.04%
NVT	C	0.04%
WWD	C	0.04%
WMS	D	0.04%
TRIP	F	0.04%
GAP	F	0.04%
APG	F	0.04%
EEFT	F	0.04%
INTC	D	0.04%
CACC	F	0.04%
PINS	D	0.04%
KSS	D	0.04%
M	F	0.04%
ST	D	0.04%
AGCO	D	0.04%
ESTC	F	0.04%
HON	C	0.04%
SKX	C	0.04%
WU	C	0.04%
FIVN	F	0.04%
UPS	D	0.04%
SON	D	0.04%
DOW	C	0.04%
DDS	D	0.04%
XYL	C	0.04%
EMR	D	0.04%
COIN	F	0.04%
LULU	D	0.04%
ABNB	D	0.04%
CRWD	D	0.04%
FIVE	D	0.04%
PVH	D	0.04%
MSA	D	0.04%
CROX	C	0.04%
AL	C	0.04%
SAIA	D	0.04%
SEE	C	0.04%
WSC	D	0.04%
VRSK	D	0.04%
AZEK	C	0.04%
EXPD	B	0.04%
VAC	D	0.04%
OTIS	B	0.04%
PCAR	D	0.04%
GNTX	D	0.04%
FLS	C	0.04%
LRCX	D	0.04%
PPG	C	0.04%
LECO	D	0.04%
LFUS	C	0.04%
WYNN	C	0.04%
BAH	B	0.04%
OC	C	0.04%
ETN	C	0.04%
GD	C	0.04%
MLM	D	0.04%
DCI	C	0.04%
ELF	F	0.03%
SMCI	F	0.03%
AAP	F	0.03%
DJT	F	0.03%
DG	F	0.03%
DLTR	F	0.03%
WOLF	F	0.02%
SEG	F	0.01%

EQAL Underweight 224 Positions Relative to FHLC

Symbol	Grade	Weight
INSM	D	-0.18%
PCVX	C	-0.16%
ENSG	D	-0.13%
HALO	D	-0.12%
LNTH	D	-0.12%
HQY	C	-0.11%
GKOS	C	-0.1%
MMSI	C	-0.09%
CYTK	F	-0.09%
RVMD	C	-0.08%
TMDX	C	-0.08%
BPMC	F	-0.08%
OPCH	C	-0.08%
ITGR	C	-0.07%
RDNT	B	-0.07%
ADMA	C	-0.07%
ALKS	D	-0.07%
PBH	C	-0.06%
TGTX	C	-0.06%
KRYS	D	-0.06%
HAE	D	-0.06%
CRSP	F	-0.06%
SEM	D	-0.06%
DNLI	C	-0.06%
CORT	B	-0.06%
ICUI	C	-0.06%
PRCT	C	-0.06%
CRVL	B	-0.05%
AXSM	C	-0.05%
MDGL	F	-0.05%
BBIO	F	-0.05%
GH	F	-0.05%
EVH	D	-0.05%
NUVL	D	-0.05%
AXNX	B	-0.05%
RNA	D	-0.05%
CRNX	D	-0.05%
NEOG	D	-0.05%
ARWR	F	-0.04%
HIMS	D	-0.04%
AGIO	D	-0.04%
ADUS	C	-0.04%
IDYA	F	-0.04%
RYTM	C	-0.04%
CLDX	F	-0.04%
FOLD	F	-0.04%
MYGN	D	-0.04%
ASTH	B	-0.04%
PTCT	C	-0.04%
XENE	F	-0.04%
UFPT	D	-0.04%
VCYT	C	-0.04%
TWST	D	-0.04%
LIVN	D	-0.04%
ACLX	C	-0.04%
TNDM	D	-0.04%
KYMR	C	-0.03%
AMN	F	-0.03%
PDCO	F	-0.03%
RXST	D	-0.03%
ACAD	F	-0.03%
SUPN	D	-0.03%
NHC	D	-0.03%
BEAM	F	-0.03%
MNKD	C	-0.03%
NVCR	F	-0.03%
PRVA	F	-0.03%
LMAT	B	-0.03%
LGND	D	-0.03%
SWTX	F	-0.03%
AMPH	D	-0.03%
DYN	D	-0.03%
NTLA	F	-0.03%
IOVA	F	-0.03%
OMCL	C	-0.03%
PTGX	C	-0.03%
NEO	F	-0.03%
GERN	D	-0.03%
VCEL	F	-0.03%
MRUS	D	-0.03%
IRTC	F	-0.03%
CPRX	C	-0.03%
SGRY	D	-0.03%
NARI	F	-0.03%
CNMD	D	-0.03%
TVTX	C	-0.02%
ANIP	F	-0.02%
JANX	D	-0.02%
ARQT	D	-0.02%
PNTG	C	-0.02%
ALHC	C	-0.02%
EWTX	C	-0.02%
AMRX	C	-0.02%
AGL	F	-0.02%
INVA	C	-0.02%
AVNS	C	-0.02%
LBPH	D	-0.02%
CLOV	D	-0.02%
OMI	D	-0.02%
IART	F	-0.02%
STAA	D	-0.02%
HRMY	B	-0.02%
ARVN	F	-0.02%
VRDN	B	-0.02%
RXRX	F	-0.02%
SDGR	F	-0.02%
USPH	F	-0.02%
BKD	D	-0.02%
COLL	C	-0.02%
RCKT	F	-0.02%
XNCR	D	-0.02%
PHR	F	-0.02%
HROW	C	-0.02%
SAVA	D	-0.02%
AKRO	D	-0.02%
ATRC	D	-0.02%
MIRM	D	-0.02%
SNDX	F	-0.02%
DVAX	D	-0.02%
NRIX	D	-0.02%
ARDX	D	-0.02%
PGNY	F	-0.02%
CDNA	C	-0.02%
TDOC	D	-0.02%
TLRY	F	-0.02%
BCRX	D	-0.02%
VERA	C	-0.02%
IMVT	F	-0.02%
KROS	C	-0.02%
NVAX	D	-0.02%
PLSE	D	-0.01%
MNMD	F	-0.01%
SAGE	F	-0.01%
FDMT	F	-0.01%
FATE	F	-0.01%
IRMD	B	-0.01%
REPL	C	-0.01%
ORIC	C	-0.01%
SIGA	F	-0.01%
URGN	F	-0.01%
STOK	D	-0.01%
OABI	F	-0.01%
ALEC	F	-0.01%
ALLO	D	-0.01%
CYRX	F	-0.01%
YMAB	D	-0.01%
VREX	F	-0.01%
NUVB	F	-0.01%
HUMA	D	-0.01%
PACB	D	-0.01%
OLMA	F	-0.01%
ELVN	C	-0.01%
EYPT	F	-0.01%
SRRK	F	-0.01%
SVRA	D	-0.01%
PAHC	C	-0.01%
FLGT	F	-0.01%
WVE	C	-0.01%
RGNX	F	-0.01%
KIDS	F	-0.01%
ERAS	D	-0.01%
ARCT	D	-0.01%
LQDA	F	-0.01%
CCRN	F	-0.01%
OPK	D	-0.01%
ANAB	D	-0.01%
QTRX	F	-0.01%
SLP	F	-0.01%
SPRY	C	-0.01%
GDRX	F	-0.01%
ALT	F	-0.01%
SANA	F	-0.01%
ETNB	F	-0.01%
ABUS	D	-0.01%
SIBN	F	-0.01%
CTKB	F	-0.01%
RVNC	D	-0.01%
PLRX	F	-0.01%
IMNM	F	-0.01%
OFIX	D	-0.01%
IRWD	F	-0.01%
ATEC	F	-0.01%
CGON	C	-0.01%
MLAB	C	-0.01%
PCRX	F	-0.01%
COGT	C	-0.01%
CGEM	F	-0.01%
PHAT	C	-0.01%
HSTM	D	-0.01%
CDMO	C	-0.01%
VIR	F	-0.01%
MDXG	F	-0.01%
PRTA	F	-0.01%
EOLS	C	-0.01%
ESTA	D	-0.01%
CYH	C	-0.01%
RCUS	D	-0.01%
PETQ	B	-0.01%
CSTL	D	-0.01%
IRON	C	-0.01%
DAWN	D	-0.01%
RLAY	F	-0.01%
EMBC	D	-0.01%
OCUL	D	-0.01%
LFST	C	-0.01%
TARS	D	-0.01%
MD	C	-0.01%
MRVI	D	-0.01%
KURA	D	-0.01%
AUPH	C	-0.01%
BLFS	D	-0.01%
AHCO	C	-0.01%
LYEL	D	-0.0%
DH	F	-0.0%
TMCI	F	-0.0%
ITOS	F	-0.0%
TRDA	D	-0.0%
LXRX	F	-0.0%
TBPH	F	-0.0%
FNA	F	-0.0%
EDIT	F	-0.0%
VERV	F	-0.0%
TYRA	C	-0.0%
NRC	D	-0.0%