EQAL vs. FLSP ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

$51.47

Average Daily Volume

22,601

Number of Holdings ^*

968

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	FLSP
30 Days	5.64%	0.69%
60 Days	6.61%	0.06%
90 Days	8.92%	0.73%
12 Months	28.87%	6.54%

175 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in FLSP	Overlap
A	D	0.07%	0.23%	0.07%
ABBV	D	0.07%	0.59%	0.07%
ACI	C	0.16%	0.06%	0.06%
ADBE	C	0.06%	0.91%	0.06%
ADM	D	0.14%	0.16%	0.14%
ADSK	A	0.07%	0.36%	0.07%
AFL	B	0.06%	0.33%	0.06%
AIG	B	0.07%	0.21%	0.07%
AIZ	A	0.07%	0.06%	0.06%
AMAT	F	0.06%	0.66%	0.06%
AMP	A	0.08%	0.22%	0.08%
ANSS	B	0.07%	0.14%	0.07%
APH	A	0.07%	0.18%	0.07%
APP	B	0.16%	0.31%	0.16%
AVB	B	0.13%	0.13%	0.13%
AVTR	F	0.06%	0.08%	0.06%
AWK	D	0.18%	0.13%	0.13%
BBY	D	0.05%	0.11%	0.05%
BG	F	0.14%	0.07%	0.07%
BK	A	0.07%	0.31%	0.07%
BKNG	A	0.07%	0.87%	0.07%
BLDR	D	0.05%	0.1%	0.05%
BMY	B	0.1%	0.59%	0.1%
BR	A	0.07%	0.12%	0.07%
CAH	B	0.09%	0.12%	0.09%
CBOE	B	0.06%	0.12%	0.06%
CDNS	B	0.07%	0.32%	0.07%
CF	B	0.26%	0.1%	0.1%
CHRW	C	0.05%	0.08%	0.05%
CI	F	0.07%	0.22%	0.07%
CL	D	0.14%	0.36%	0.14%
CMCSA	B	0.56%	0.42%	0.42%
CMI	A	0.06%	0.25%	0.06%
CNC	D	0.06%	0.13%	0.06%
COR	B	0.16%	0.04%	0.04%
CPAY	A	0.05%	0.12%	0.05%
CPRT	A	0.06%	0.22%	0.06%
CRBG	B	0.07%	0.05%	0.05%
CRM	B	0.08%	0.7%	0.08%
CSL	C	0.05%	0.11%	0.05%
CSX	B	0.05%	0.31%	0.05%
CTAS	B	0.05%	0.35%	0.05%
CTSH	B	0.07%	0.21%	0.07%
DECK	A	0.06%	0.16%	0.06%
DKS	C	0.05%	0.07%	0.05%
DOCU	A	0.09%	0.1%	0.09%
DPZ	C	0.05%	0.08%	0.05%
DT	C	0.06%	0.08%	0.06%
DVN	F	0.19%	0.13%	0.13%
EA	A	0.06%	0.23%	0.06%
EBAY	D	0.05%	0.18%	0.05%
EL	F	0.04%	0.1%	0.04%
EOG	A	0.23%	0.44%	0.23%
EQH	B	0.07%	0.09%	0.07%
EXPD	D	0.05%	0.09%	0.05%
EXPE	B	0.07%	0.14%	0.07%
FDX	B	0.05%	0.27%	0.05%
FE	C	0.18%	0.1%	0.1%
FFIV	B	0.07%	0.08%	0.07%
FICO	B	0.06%	0.34%	0.06%
FIS	C	0.05%	0.26%	0.05%
FOXA	B	0.07%	0.07%	0.07%
FTNT	C	0.08%	0.32%	0.08%
GDDY	A	0.08%	0.15%	0.08%
GEN	B	0.07%	0.1%	0.07%
GILD	C	0.09%	0.61%	0.09%
GLPI	C	0.13%	0.07%	0.07%
GM	B	0.06%	0.36%	0.06%
HCA	F	0.07%	0.36%	0.07%
HD	A	0.06%	0.28%	0.06%
HIG	B	0.07%	0.19%	0.07%
HII	D	0.03%	0.04%	0.03%
HOLX	D	0.08%	0.11%	0.08%
HPQ	B	0.07%	0.2%	0.07%
IDXX	F	0.07%	0.14%	0.07%
INCY	C	0.1%	0.07%	0.07%
INTU	C	0.07%	0.68%	0.07%
IQV	D	0.07%	0.17%	0.07%
IR	B	0.05%	0.16%	0.05%
JBL	B	0.08%	0.1%	0.08%
K	A	0.16%	0.12%	0.12%
KMB	D	0.15%	0.23%	0.15%
KR	B	0.17%	0.24%	0.17%
L	A	0.06%	0.09%	0.06%
LDOS	C	0.07%	0.13%	0.07%
LII	A	0.05%	0.11%	0.05%
LIN	D	0.23%	0.13%	0.13%
LNG	B	0.23%	0.29%	0.23%
LULU	C	0.06%	0.16%	0.06%
LVS	C	0.06%	0.11%	0.06%
LYB	F	0.21%	0.11%	0.11%
LYV	A	0.07%	0.12%	0.07%
MA	C	0.05%	0.77%	0.05%
MANH	D	0.06%	0.09%	0.06%
MAS	D	0.05%	0.1%	0.05%
MDT	D	0.08%	0.6%	0.08%
MET	A	0.07%	0.21%	0.07%
META	D	0.07%	0.45%	0.07%
MGM	D	0.05%	0.05%	0.05%
MKTX	D	0.06%	0.06%	0.06%
MMM	D	0.05%	0.41%	0.05%
MOH	F	0.07%	0.1%	0.07%
MOS	F	0.25%	0.05%	0.05%
MPC	D	0.19%	0.27%	0.19%
MRO	B	0.22%	0.1%	0.1%
MS	A	0.09%	0.15%	0.09%
MSFT	F	0.06%	0.57%	0.06%
MSI	B	0.56%	0.48%	0.48%
MTCH	D	0.05%	0.06%	0.05%
MTD	D	0.04%	0.15%	0.04%
NBIX	C	0.08%	0.08%	0.08%
NFLX	A	0.06%	0.45%	0.06%
NOW	A	0.07%	0.75%	0.07%
NRG	B	0.23%	0.12%	0.12%
NTAP	C	0.06%	0.16%	0.06%
NTRS	A	0.08%	0.12%	0.08%
NUE	C	0.25%	0.14%	0.14%
NVDA	C	0.08%	0.62%	0.08%
OC	A	0.05%	0.09%	0.05%
ON	D	0.06%	0.04%	0.04%
OVV	B	0.23%	0.08%	0.08%
PAYC	B	0.08%	0.07%	0.07%
PCAR	B	0.05%	0.14%	0.05%
PG	A	0.15%	0.13%	0.13%
PH	A	0.05%	0.23%	0.05%
PHM	D	0.05%	0.11%	0.05%
PKG	A	0.05%	0.11%	0.05%
PSX	C	0.2%	0.23%	0.2%
PTC	A	0.07%	0.1%	0.07%
PYPL	B	0.06%	0.45%	0.06%
QCOM	F	0.06%	0.83%	0.06%
RCL	A	0.08%	0.21%	0.08%
REG	B	0.14%	0.08%	0.08%
REGN	F	0.05%	0.33%	0.05%
ROL	B	0.05%	0.09%	0.05%
RPM	A	0.05%	0.05%	0.05%
RPRX	D	0.07%	0.06%	0.06%
RS	B	0.27%	0.1%	0.1%
RTX	C	0.05%	0.34%	0.05%
SEIC	B	0.07%	0.06%	0.06%
SNA	A	0.06%	0.1%	0.06%
SNPS	B	0.07%	0.2%	0.07%
SPG	B	0.15%	0.35%	0.15%
SSNC	B	0.06%	0.09%	0.06%
STLD	B	0.29%	0.11%	0.11%
STT	A	0.07%	0.17%	0.07%
SWKS	F	0.05%	0.08%	0.05%
SYY	B	0.15%	0.15%	0.15%
T	A	0.51%	0.63%	0.51%
TAP	C	0.19%	0.07%	0.07%
TER	D	0.05%	0.06%	0.05%
TGT	F	0.05%	0.19%	0.05%
TJX	A	0.05%	0.75%	0.05%
TMO	F	0.07%	0.34%	0.07%
TROW	B	0.07%	0.16%	0.07%
TWLO	A	0.11%	0.09%	0.09%
TXT	D	0.04%	0.09%	0.04%
TYL	B	0.06%	0.13%	0.06%
UBER	D	0.05%	0.49%	0.05%
UDR	B	0.13%	0.09%	0.09%
UHS	D	0.07%	0.07%	0.07%
UTHR	C	0.09%	0.1%	0.09%
VEEV	C	0.08%	0.12%	0.08%
VICI	C	0.13%	0.19%	0.13%
VLO	C	0.21%	0.25%	0.21%
VRSN	F	0.07%	0.1%	0.07%
VRTX	F	0.08%	0.49%	0.08%
VST	B	0.34%	0.29%	0.29%
VTR	C	0.13%	0.12%	0.12%
VTRS	A	0.09%	0.09%	0.09%
WAT	B	0.09%	0.14%	0.09%
WMT	A	0.05%	0.75%	0.05%
WSM	B	0.05%	0.11%	0.05%
WYNN	D	0.06%	0.05%	0.05%
ZM	B	0.08%	0.1%	0.08%

EQAL Overweight 793 Positions Relative to FLSP

Symbol	Grade	Weight
UI	A	0.85%
LITE	B	0.78%
LBRDK	C	0.74%
CIEN	B	0.64%
TMUS	B	0.59%
CHTR	C	0.58%
CSCO	B	0.58%
IRDM	D	0.57%
ANET	C	0.54%
JNPR	F	0.5%
ROKU	D	0.5%
FYBR	D	0.49%
VZ	C	0.46%
TPL	A	0.34%
MP	B	0.32%
AA	B	0.31%
FAST	B	0.28%
IP	B	0.28%
CC	C	0.27%
APD	A	0.27%
ALB	C	0.27%
BKR	B	0.26%
EQT	B	0.26%
KMI	A	0.26%
TRGP	B	0.26%
RBC	A	0.26%
DTM	B	0.26%
ESI	A	0.26%
SMG	D	0.26%
X	C	0.25%
OKE	A	0.24%
OLN	D	0.24%
CLF	F	0.24%
EMN	D	0.24%
SCCO	F	0.24%
WMB	A	0.24%
FCX	D	0.24%
AR	B	0.23%
PR	B	0.23%
RRC	B	0.23%
CVX	A	0.23%
HXL	D	0.23%
NEU	C	0.23%
ECL	D	0.23%
RGLD	C	0.23%
CEG	D	0.23%
MTDR	B	0.23%
ETR	B	0.23%
FTI	A	0.23%
SLB	C	0.22%
AVY	D	0.22%
ASH	D	0.22%
COP	C	0.22%
WLK	D	0.22%
SRE	A	0.22%
CTRA	B	0.22%
IDA	A	0.22%
TKR	D	0.22%
HES	B	0.22%
EVRG	A	0.21%
PEG	A	0.21%
OGE	B	0.21%
CLH	B	0.21%
HUN	F	0.21%
WM	A	0.21%
PCG	A	0.21%
FANG	D	0.21%
FMC	D	0.21%
ATO	A	0.21%
NI	A	0.21%
HAL	C	0.21%
AEE	A	0.21%
XEL	A	0.21%
XOM	B	0.21%
CNP	B	0.21%
OXY	D	0.2%
BRBR	A	0.2%
WTRG	B	0.2%
AGR	B	0.2%
LW	C	0.2%
LNT	A	0.2%
WEC	A	0.2%
NOV	C	0.2%
PNW	B	0.2%
RSG	A	0.2%
NFG	A	0.2%
AM	A	0.2%
IFF	D	0.2%
PPL	B	0.2%
DAR	C	0.19%
SAM	C	0.19%
MCK	B	0.19%
APA	D	0.19%
DUK	C	0.19%
EXC	C	0.19%
DTE	C	0.19%
DINO	D	0.19%
CWEN	C	0.19%
EIX	B	0.19%
PPC	C	0.19%
CMS	C	0.19%
SO	D	0.19%
UGI	A	0.19%
D	C	0.19%
CIVI	D	0.19%
CHRD	D	0.19%
USFD	A	0.18%
NEE	D	0.18%
MNST	C	0.18%
Z	A	0.18%
AEP	D	0.18%
ES	D	0.18%
NEM	D	0.18%
ED	D	0.18%
WFRD	D	0.18%
PFGC	B	0.18%
MO	A	0.17%
NFE	D	0.17%
FRPT	B	0.17%
INGR	B	0.17%
GO	C	0.17%
WBA	F	0.16%
CLX	B	0.16%
VNO	B	0.16%
KVUE	A	0.16%
PM	B	0.16%
TSN	B	0.16%
FSLR	F	0.16%
SPB	C	0.16%
CHD	B	0.16%
CTVA	C	0.16%
CASY	A	0.16%
CE	F	0.15%
SEG	B	0.15%
KHC	F	0.15%
PK	B	0.15%
POST	C	0.15%
PEP	F	0.15%
HRL	D	0.15%
HHH	B	0.15%
FLO	D	0.15%
CVS	D	0.15%
COKE	C	0.15%
SJM	D	0.15%
STZ	D	0.15%
DLR	B	0.15%
AES	F	0.15%
MSTR	C	0.15%
KRC	C	0.15%
CBRE	B	0.15%
CAG	D	0.14%
ADC	B	0.14%
LAMR	D	0.14%
SEB	F	0.14%
REYN	D	0.14%
KO	D	0.14%
BXP	D	0.14%
MDLZ	F	0.14%
HST	C	0.14%
GIS	D	0.14%
CPB	D	0.14%
EQIX	A	0.14%
MKC	D	0.14%
KDP	D	0.14%
HSY	F	0.14%
WELL	A	0.14%
BRX	A	0.14%
KIM	A	0.14%
JLL	D	0.14%
CUZ	B	0.14%
STAG	F	0.13%
EXR	D	0.13%
AMH	D	0.13%
PSA	D	0.13%
EGP	F	0.13%
INVH	D	0.13%
EPR	D	0.13%
CELH	F	0.13%
FR	C	0.13%
RYN	D	0.13%
EQR	B	0.13%
DOC	D	0.13%
ELS	C	0.13%
MAA	B	0.13%
CSGP	D	0.13%
IRM	D	0.13%
FRT	B	0.13%
ESS	B	0.13%
CPT	B	0.13%
OHI	C	0.13%
WY	D	0.13%
HIW	D	0.13%
REXR	F	0.12%
SUI	D	0.12%
CCI	D	0.12%
NNN	D	0.12%
ENPH	F	0.12%
PLD	D	0.12%
WPC	D	0.12%
NSA	D	0.12%
ARE	D	0.12%
CUBE	D	0.12%
O	D	0.12%
SBAC	D	0.12%
COIN	C	0.11%
EXEL	B	0.11%
DOCS	C	0.11%
SOFI	A	0.11%
AMT	D	0.11%
MASI	A	0.11%
NTRA	B	0.1%
DJT	C	0.1%
COLD	D	0.1%
PLTR	B	0.1%
MPW	F	0.1%
VRT	B	0.09%
EWBC	A	0.09%
NCNO	B	0.09%
WBS	A	0.09%
FIVN	C	0.09%
BSX	B	0.09%
DXCM	D	0.09%
BIO	D	0.09%
ISRG	A	0.09%
HUBS	A	0.09%
IBKR	A	0.09%
LH	C	0.09%
WFC	A	0.09%
CVNA	B	0.09%
NVST	B	0.09%
ILMN	D	0.09%
CFLT	B	0.09%
PODD	C	0.09%
APO	B	0.09%
WST	C	0.09%
UAL	A	0.09%
EHC	B	0.09%
GMED	A	0.09%
TOST	B	0.09%
TEAM	A	0.09%
JAZZ	B	0.09%
PEN	B	0.09%
LPLA	A	0.09%
PINC	B	0.09%
ITCI	C	0.09%
HOOD	B	0.09%
TPG	A	0.08%
AGO	B	0.08%
GS	A	0.08%
NCLH	B	0.08%
S	B	0.08%
KD	B	0.08%
HSIC	B	0.08%
QGEN	D	0.08%
OMF	A	0.08%
HBAN	A	0.08%
CMA	A	0.08%
BX	A	0.08%
ROIV	C	0.08%
ZS	C	0.08%
BDX	F	0.08%
PCOR	B	0.08%
MTSI	B	0.08%
RVTY	F	0.08%
BHF	B	0.08%
ALGN	D	0.08%
MEDP	D	0.08%
EW	C	0.08%
CAR	C	0.08%
RNG	B	0.08%
HPE	B	0.08%
ELAN	D	0.08%
DVA	B	0.08%
FTRE	D	0.08%
BILL	A	0.08%
CERT	F	0.08%
ALNY	D	0.08%
EPAM	C	0.08%
SNV	B	0.08%
LYFT	C	0.08%
SOLV	C	0.08%
EVR	B	0.08%
JEF	A	0.08%
TECH	D	0.08%
GEHC	F	0.08%
INTC	D	0.08%
JHG	A	0.08%
MTB	A	0.08%
PRGO	B	0.08%
CHE	D	0.08%
RGEN	D	0.08%
DFS	B	0.08%
DAY	B	0.08%
SCHW	B	0.08%
KKR	A	0.08%
UNH	C	0.08%
RCM	F	0.08%
DGX	A	0.08%
CRL	C	0.08%
FHN	A	0.08%
PEGA	A	0.08%
CG	A	0.08%
CTLT	B	0.08%
COLB	A	0.08%
OWL	A	0.08%
ABT	B	0.08%
DASH	A	0.08%
UNM	A	0.08%
THC	D	0.08%
CRWD	B	0.08%
WTFC	A	0.08%
COHR	B	0.08%
ZBH	C	0.08%
PNFP	B	0.08%
CFR	B	0.08%
SF	B	0.08%
RJF	A	0.08%
ENOV	C	0.08%
ZION	B	0.08%
SYK	C	0.08%
WRB	A	0.07%
AJG	B	0.07%
RARE	D	0.07%
VOYA	B	0.07%
GFS	C	0.07%
GL	B	0.07%
CME	A	0.07%
WDAY	B	0.07%
BIIB	F	0.07%
VAC	B	0.07%
NDAQ	A	0.07%
CACI	D	0.07%
DDS	B	0.07%
NWL	B	0.07%
AON	A	0.07%
ORI	A	0.07%
MSCI	C	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
DNB	B	0.07%
BRK.A	B	0.07%
LLY	F	0.07%
INSP	D	0.07%
SMAR	A	0.07%
BEN	C	0.07%
VKTX	F	0.07%
MRK	F	0.07%
TPR	B	0.07%
WBD	C	0.07%
ALLY	C	0.07%
CINF	A	0.07%
TFSL	A	0.07%
GME	C	0.07%
UAA	C	0.07%
WTM	A	0.07%
TFC	A	0.07%
THG	A	0.07%
GEV	B	0.07%
AAL	B	0.07%
RYAN	B	0.07%
GLW	B	0.07%
TSLA	B	0.07%
GTLB	B	0.07%
BRO	B	0.07%
IT	C	0.07%
HUM	C	0.07%
GOOGL	C	0.07%
VIRT	B	0.07%
MU	D	0.07%
IVZ	B	0.07%
MORN	B	0.07%
AXS	A	0.07%
PRU	A	0.07%
DBX	B	0.07%
BOKF	B	0.07%
SNOW	C	0.07%
DV	C	0.07%
ALK	C	0.07%
BROS	B	0.07%
KMPR	B	0.07%
GWRE	A	0.07%
AMG	B	0.07%
FITB	A	0.07%
PB	A	0.07%
IPGP	D	0.07%
GLOB	B	0.07%
ORCL	B	0.07%
AXON	A	0.07%
WTW	B	0.07%
PFE	D	0.07%
TRV	B	0.07%
FDS	B	0.07%
STE	F	0.07%
LSCC	D	0.07%
TW	A	0.07%
JPM	A	0.07%
NTNX	A	0.07%
DUOL	A	0.07%
MKL	A	0.07%
OZK	B	0.07%
SLM	A	0.07%
WAL	B	0.07%
PNC	B	0.07%
MRVL	B	0.07%
RLI	B	0.07%
FCNCA	A	0.07%
AZTA	D	0.07%
AMGN	D	0.07%
CFG	B	0.07%
SHC	F	0.07%
PRI	A	0.07%
CBSH	A	0.07%
ZTS	D	0.07%
LAD	A	0.07%
DHR	F	0.07%
BAC	A	0.07%
BLK	C	0.07%
C	A	0.07%
NET	B	0.07%
KEY	B	0.07%
JNJ	D	0.07%
DELL	C	0.07%
DDOG	A	0.07%
RMD	C	0.07%
CCL	B	0.07%
LNC	B	0.07%
SPOT	B	0.07%
ARES	A	0.07%
RF	A	0.07%
ESTC	C	0.07%
PANW	C	0.07%
FHB	A	0.07%
FNB	A	0.07%
DAL	C	0.07%
IONS	F	0.07%
AMED	F	0.07%
PYCR	C	0.07%
HLI	B	0.07%
USB	A	0.07%
TPX	B	0.06%
EME	C	0.06%
LPX	B	0.06%
ARMK	B	0.06%
TRIP	F	0.06%
CW	B	0.06%
LUV	C	0.06%
AMD	F	0.06%
PVH	C	0.06%
ESAB	B	0.06%
SCI	B	0.06%
OMC	C	0.06%
SQ	B	0.06%
ZBRA	B	0.06%
AGNC	D	0.06%
PWR	A	0.06%
SAIC	F	0.06%
RBA	A	0.06%
ACGL	D	0.06%
ARW	D	0.06%
ENTG	D	0.06%
ALGM	D	0.06%
H	B	0.06%
AWI	A	0.06%
EMR	A	0.06%
LOW	D	0.06%
ELV	F	0.06%
MSGS	A	0.06%
AKAM	D	0.06%
AYI	B	0.06%
AFRM	B	0.06%
RHI	B	0.06%
WOLF	F	0.06%
GNRC	B	0.06%
XRAY	F	0.06%
PENN	C	0.06%
PAG	B	0.06%
SAIA	B	0.06%
FIX	A	0.06%
ABNB	C	0.06%
CPNG	D	0.06%
THO	B	0.06%
BBWI	D	0.06%
ADI	D	0.06%
R	B	0.06%
IAC	D	0.06%
PLTK	B	0.06%
RBLX	C	0.06%
HCP	B	0.06%
STWD	C	0.06%
BWXT	B	0.06%
KBR	F	0.06%
NWSA	B	0.06%
ICE	C	0.06%
FOUR	B	0.06%
VFC	C	0.06%
OGN	D	0.06%
EXAS	D	0.06%
LOPE	B	0.06%
BSY	D	0.06%
RNR	C	0.06%
FLS	B	0.06%
SPGI	C	0.06%
INFA	D	0.06%
IBM	C	0.06%
WCC	B	0.06%
MDB	C	0.06%
MMC	B	0.06%
APLS	D	0.06%
XPO	B	0.06%
U	C	0.06%
WDC	D	0.06%
LRCX	F	0.06%
PINS	D	0.06%
BPOP	B	0.06%
EG	C	0.06%
RL	B	0.06%
FAF	A	0.06%
HLT	A	0.06%
MTG	C	0.06%
WHR	B	0.06%
ALSN	B	0.06%
SYF	B	0.06%
BYD	C	0.06%
MCO	B	0.06%
TXN	C	0.06%
DIS	B	0.06%
MAR	B	0.06%
TFX	F	0.06%
TXRH	C	0.06%
TTD	B	0.06%
CHH	A	0.06%
TTWO	A	0.06%
COF	B	0.06%
CB	C	0.06%
PSTG	D	0.06%
ZI	D	0.06%
FNF	B	0.06%
AVGO	D	0.06%
AAPL	C	0.06%
APPF	B	0.06%
PGR	A	0.06%
CNA	B	0.06%
SNX	C	0.06%
PLNT	A	0.06%
DXC	B	0.06%
KNSL	B	0.06%
PFG	D	0.06%
BAX	D	0.06%
RH	B	0.06%
OKTA	C	0.06%
DOX	D	0.06%
GRMN	B	0.06%
WH	B	0.06%
DLB	B	0.06%
BMRN	D	0.06%
PSN	D	0.06%
AAON	B	0.06%
NU	C	0.06%
CACC	D	0.06%
ROP	B	0.06%
PATH	C	0.06%
RGA	A	0.06%
PCTY	B	0.06%
ALL	A	0.06%
AVT	C	0.06%
TNL	A	0.06%
AFG	A	0.06%
TDC	D	0.06%
MSA	D	0.05%
CCK	C	0.05%
MRNA	F	0.05%
LNW	D	0.05%
J	F	0.05%
WEX	D	0.05%
VRSK	A	0.05%
SSD	D	0.05%
TRU	D	0.05%
OLLI	D	0.05%
ALLE	D	0.05%
LFUS	F	0.05%
MIDD	C	0.05%
GE	D	0.05%
MSM	C	0.05%
BERY	B	0.05%
UPS	C	0.05%
WWD	B	0.05%
AGCO	D	0.05%
ROST	C	0.05%
PPG	F	0.05%
LEA	D	0.05%
BC	C	0.05%
SHW	A	0.05%
DG	F	0.05%
DOV	A	0.05%
SKX	D	0.05%
MKSI	C	0.05%
CRUS	D	0.05%
NDSN	B	0.05%
CNM	D	0.05%
LHX	C	0.05%
ITW	B	0.05%
FND	C	0.05%
LEN	D	0.05%
HOG	D	0.05%
V	A	0.05%
EEFT	B	0.05%
CGNX	C	0.05%
TSCO	D	0.05%
HRB	D	0.05%
GPC	D	0.05%
GPN	B	0.05%
MTN	C	0.05%
GGG	B	0.05%
APG	B	0.05%
LEG	F	0.05%
IPG	D	0.05%
FIVE	F	0.05%
SEE	C	0.05%
KEYS	A	0.05%
KSS	F	0.05%
BIRK	D	0.05%
NKE	D	0.05%
DLTR	F	0.05%
YUM	B	0.05%
CHDN	B	0.05%
LKQ	D	0.05%
AZEK	A	0.05%
TXG	F	0.05%
BURL	A	0.05%
TREX	C	0.05%
PAYX	C	0.05%
AN	C	0.05%
ITT	A	0.05%
COLM	B	0.05%
CNH	C	0.05%
ETSY	D	0.05%
OTIS	C	0.05%
NVR	D	0.05%
HAS	D	0.05%
CDW	F	0.05%
KNX	B	0.05%
NSC	B	0.05%
ACN	C	0.05%
HUBB	B	0.05%
CAT	B	0.05%
SN	D	0.05%
AXTA	A	0.05%
SBUX	A	0.05%
SNDR	B	0.05%
JBHT	C	0.05%
UHAL	D	0.05%
SW	A	0.05%
ATR	B	0.05%
AZO	C	0.05%
HAYW	B	0.05%
ADTN	A	0.05%
MLM	B	0.05%
ACM	A	0.05%
COST	B	0.05%
OLED	D	0.05%
NXST	C	0.05%
NVT	B	0.05%
AL	B	0.05%
POOL	C	0.05%
MCD	D	0.05%
YETI	C	0.05%
EXP	A	0.05%
ROK	B	0.05%
TT	A	0.05%
WAB	B	0.05%
CR	A	0.05%
SLGN	A	0.05%
ONTO	D	0.05%
DCI	B	0.05%
HEI	B	0.05%
NYT	C	0.05%
ADP	B	0.05%
RRX	B	0.05%
JWN	C	0.05%
SITE	D	0.05%
PNR	A	0.05%
MCHP	D	0.05%
WSO	A	0.05%
TDY	B	0.05%
G	B	0.05%
DRI	B	0.05%
F	C	0.05%
AAP	C	0.05%
LECO	B	0.05%
HON	B	0.05%
KMX	B	0.05%
KEX	C	0.05%
MUSA	A	0.05%
AMKR	D	0.05%
JCI	C	0.05%
GNTX	C	0.05%
VMI	B	0.05%
GXO	B	0.05%
AXP	A	0.05%
KLAC	D	0.05%
MAT	D	0.05%
MTZ	B	0.05%
SIRI	C	0.05%
M	D	0.05%
TOL	B	0.05%
ETN	A	0.05%
VMC	B	0.05%
URI	B	0.05%
CMG	B	0.05%
OSK	B	0.05%
TKO	B	0.05%
AME	A	0.05%
DKNG	B	0.05%
VNT	B	0.05%
TRMB	B	0.05%
CZR	F	0.05%
HWM	A	0.05%
XP	F	0.05%
VVV	F	0.05%
ULTA	F	0.05%
WEN	D	0.05%
FI	A	0.05%
ORLY	B	0.05%
PARA	C	0.05%
ELF	C	0.05%
GTES	A	0.05%
GWW	B	0.05%
GAP	C	0.05%
ODFL	B	0.05%
BWA	D	0.05%
BJ	A	0.05%
IEX	B	0.05%
AMZN	C	0.05%
WSC	D	0.04%
RIVN	F	0.04%
CNXC	F	0.04%
BA	F	0.04%
QRVO	F	0.04%
BFAM	D	0.04%
WING	D	0.04%
UWMC	D	0.04%
SWK	D	0.04%
CROX	D	0.04%
EFX	F	0.04%
CRI	D	0.04%
DOW	F	0.04%
ACHC	F	0.04%
FCN	D	0.04%
MPWR	F	0.04%
WMS	D	0.04%
SPR	D	0.04%
APTV	D	0.04%
TDG	D	0.04%
GD	F	0.04%
FBIN	D	0.04%
TTEK	F	0.04%
XYL	D	0.04%
PII	D	0.04%
MHK	D	0.04%
QS	F	0.04%
WU	D	0.04%
BAH	F	0.04%
LMT	D	0.04%
AOS	F	0.04%
VSTS	C	0.04%
CXT	B	0.04%
ST	F	0.04%
COTY	F	0.04%
MAN	D	0.04%
NOC	D	0.04%
CLVT	F	0.04%
BALL	D	0.04%
VLTO	D	0.04%
W	F	0.04%
DHI	D	0.04%
AMCR	D	0.04%
ATI	D	0.04%
FTV	C	0.04%
DE	A	0.04%
GPK	C	0.04%
SON	D	0.04%
BLD	D	0.04%
JKHY	D	0.04%
DD	D	0.04%
LSTR	D	0.04%
TTC	D	0.04%
UNP	C	0.04%
RKT	F	0.04%
CARR	D	0.04%
CPRI	F	0.03%
LCID	F	0.03%
MDU	D	0.03%
SMCI	F	0.02%

EQAL Underweight 8 Positions Relative to FLSP

Symbol	Grade	Weight
NVS	D	-0.48%
BCS	C	-0.23%
SE	B	-0.18%
MELI	D	-0.16%
STX	D	-0.11%
GOOG	C	-0.11%
CHKP	D	-0.06%
AER	B	-0.05%