EQAL vs. HYBB ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to iShares BB Rated Corporate Bond ETF (HYBB)

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

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.60

Average Daily Volume

53,807

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	HYBB
30 Days	5.64%	0.77%
60 Days	6.61%	-0.93%
90 Days	8.92%	0.18%
12 Months	28.87%	7.81%

132 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in HYBB	Overlap
AA	B	0.31%	0.06%	0.06%
AAL	B	0.07%	0.11%	0.07%
AAP	C	0.05%	0.03%	0.03%
ACI	C	0.16%	0.08%	0.08%
ACM	A	0.05%	0.14%	0.05%
AES	F	0.15%	0.05%	0.05%
AIZ	A	0.07%	0.06%	0.06%
ALLY	C	0.07%	0.07%	0.07%
ALSN	B	0.06%	0.05%	0.05%
AM	A	0.2%	0.09%	0.09%
AMKR	D	0.05%	0.08%	0.05%
AR	B	0.23%	0.05%	0.05%
ASH	D	0.22%	0.05%	0.05%
AVTR	F	0.06%	0.11%	0.06%
AXTA	A	0.05%	0.08%	0.05%
BALL	D	0.04%	0.1%	0.04%
BBWI	D	0.06%	0.04%	0.04%
BERY	B	0.05%	0.03%	0.03%
BLD	D	0.04%	0.05%	0.04%
BLDR	D	0.05%	0.08%	0.05%
BWXT	B	0.06%	0.06%	0.06%
BYD	C	0.06%	0.12%	0.06%
CACC	D	0.06%	0.06%	0.06%
CCK	C	0.05%	0.06%	0.05%
CCL	B	0.07%	0.29%	0.07%
CHRD	D	0.19%	0.04%	0.04%
CHTR	C	0.58%	0.06%	0.06%
CIEN	B	0.64%	0.06%	0.06%
CIVI	D	0.19%	0.06%	0.06%
CLF	F	0.24%	0.05%	0.05%
CLH	B	0.21%	0.04%	0.04%
COHR	B	0.08%	0.14%	0.08%
COTY	F	0.04%	0.07%	0.04%
CRI	D	0.04%	0.08%	0.04%
CRL	C	0.08%	0.06%	0.06%
CRWD	B	0.08%	0.1%	0.08%
CXT	B	0.04%	0.04%	0.04%
CZR	F	0.05%	0.22%	0.05%
DAR	C	0.19%	0.07%	0.07%
DTE	C	0.19%	0.11%	0.11%
DVA	B	0.08%	0.14%	0.08%
EHC	B	0.09%	0.05%	0.05%
EIX	B	0.19%	0.07%	0.07%
ENTG	D	0.06%	0.05%	0.05%
ESAB	B	0.06%	0.11%	0.06%
ESI	A	0.26%	0.12%	0.12%
ESTC	C	0.07%	0.08%	0.07%
FOUR	B	0.06%	0.05%	0.05%
FTRE	D	0.08%	0.09%	0.08%
GAP	C	0.05%	0.1%	0.05%
GDDY	A	0.08%	0.09%	0.08%
GEN	B	0.07%	0.09%	0.07%
GPK	C	0.04%	0.04%	0.04%
HHH	B	0.15%	0.08%	0.08%
HLT	A	0.06%	0.07%	0.06%
HOLX	D	0.08%	0.06%	0.06%
IQV	D	0.07%	0.08%	0.07%
IRM	D	0.13%	0.07%	0.07%
JAZZ	B	0.09%	0.19%	0.09%
JWN	C	0.05%	0.05%	0.05%
KBR	F	0.06%	0.04%	0.04%
KSS	F	0.05%	0.04%	0.04%
LAD	A	0.07%	0.07%	0.07%
LAMR	D	0.14%	0.05%	0.05%
LPX	B	0.06%	0.05%	0.05%
LW	C	0.2%	0.08%	0.08%
LYV	A	0.07%	0.07%	0.07%
M	D	0.05%	0.02%	0.02%
MGM	D	0.05%	0.06%	0.05%
MOH	F	0.07%	0.09%	0.07%
MTDR	B	0.23%	0.08%	0.08%
MTN	C	0.05%	0.09%	0.05%
MUSA	A	0.05%	0.04%	0.04%
NCLH	B	0.08%	0.07%	0.07%
NRG	B	0.23%	0.06%	0.06%
NWL	B	0.07%	0.06%	0.06%
NWSA	B	0.06%	0.07%	0.06%
NXST	C	0.05%	0.13%	0.05%
OGN	D	0.06%	0.08%	0.06%
OLN	D	0.24%	0.07%	0.07%
OMF	A	0.08%	0.03%	0.03%
ON	D	0.06%	0.1%	0.06%
PAG	B	0.06%	0.07%	0.06%
PARA	C	0.05%	0.08%	0.05%
PCG	A	0.21%	0.14%	0.14%
PFGC	B	0.18%	0.14%	0.14%
PK	B	0.15%	0.09%	0.09%
POST	C	0.15%	0.15%	0.15%
PPC	C	0.19%	0.08%	0.08%
PR	B	0.23%	0.05%	0.05%
PRGO	B	0.08%	0.04%	0.04%
PTC	A	0.07%	0.07%	0.07%
RBLX	C	0.06%	0.13%	0.06%
RCL	A	0.08%	0.04%	0.04%
RNG	B	0.08%	0.07%	0.07%
RRC	B	0.23%	0.06%	0.06%
SBAC	D	0.12%	0.2%	0.12%
SCI	B	0.06%	0.08%	0.06%
SEE	C	0.05%	0.06%	0.05%
SIRI	C	0.05%	0.14%	0.05%
SLGN	A	0.05%	0.09%	0.05%
SLM	A	0.07%	0.08%	0.07%
SPR	D	0.04%	0.04%	0.04%
SQ	B	0.06%	0.13%	0.06%
ST	F	0.04%	0.06%	0.04%
STWD	C	0.06%	0.05%	0.05%
SYF	B	0.06%	0.11%	0.06%
TDG	D	0.04%	0.16%	0.04%
TFX	F	0.06%	0.07%	0.06%
THC	D	0.08%	0.08%	0.08%
THO	B	0.06%	0.08%	0.06%
TNL	A	0.06%	0.04%	0.04%
TPX	B	0.06%	0.1%	0.06%
TWLO	A	0.11%	0.06%	0.06%
UAL	A	0.09%	0.27%	0.09%
URI	B	0.05%	0.07%	0.05%
VFC	C	0.06%	0.04%	0.04%
VNO	B	0.16%	0.05%	0.05%
VRT	B	0.09%	0.12%	0.09%
VST	B	0.34%	0.15%	0.15%
W	F	0.04%	0.11%	0.04%
WAL	B	0.07%	0.09%	0.07%
WBA	F	0.16%	0.03%	0.03%
WCC	B	0.06%	0.12%	0.06%
WDC	D	0.06%	0.33%	0.06%
WFRD	D	0.18%	0.25%	0.18%
WH	B	0.06%	0.08%	0.06%
WMS	D	0.04%	0.06%	0.04%
X	C	0.25%	0.04%	0.04%
XPO	B	0.06%	0.08%	0.06%
YUM	B	0.05%	0.04%	0.04%
ZBRA	B	0.06%	0.08%	0.06%

EQAL Overweight 836 Positions Relative to HYBB

Symbol	Grade	Weight
UI	A	0.85%
LITE	B	0.78%
LBRDK	C	0.74%
TMUS	B	0.59%
CSCO	B	0.58%
IRDM	D	0.57%
CMCSA	B	0.56%
MSI	B	0.56%
ANET	C	0.54%
T	A	0.51%
JNPR	F	0.5%
ROKU	D	0.5%
FYBR	D	0.49%
VZ	C	0.46%
TPL	A	0.34%
MP	B	0.32%
STLD	B	0.29%
FAST	B	0.28%
IP	B	0.28%
CC	C	0.27%
APD	A	0.27%
RS	B	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%
CF	B	0.26%
SMG	D	0.26%
NUE	C	0.25%
MOS	F	0.25%
OKE	A	0.24%
EMN	D	0.24%
SCCO	F	0.24%
WMB	A	0.24%
FCX	D	0.24%
EOG	A	0.23%
OVV	B	0.23%
CVX	A	0.23%
HXL	D	0.23%
LIN	D	0.23%
NEU	C	0.23%
ECL	D	0.23%
RGLD	C	0.23%
CEG	D	0.23%
LNG	B	0.23%
ETR	B	0.23%
FTI	A	0.23%
SLB	C	0.22%
AVY	D	0.22%
COP	C	0.22%
WLK	D	0.22%
SRE	A	0.22%
MRO	B	0.22%
CTRA	B	0.22%
IDA	A	0.22%
TKR	D	0.22%
HES	B	0.22%
EVRG	A	0.21%
VLO	C	0.21%
PEG	A	0.21%
OGE	B	0.21%
LYB	F	0.21%
HUN	F	0.21%
WM	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%
LNT	A	0.2%
WEC	A	0.2%
NOV	C	0.2%
PNW	B	0.2%
RSG	A	0.2%
NFG	A	0.2%
PSX	C	0.2%
IFF	D	0.2%
PPL	B	0.2%
TAP	C	0.19%
SAM	C	0.19%
MCK	B	0.19%
APA	D	0.19%
DUK	C	0.19%
EXC	C	0.19%
DINO	D	0.19%
CWEN	C	0.19%
CMS	C	0.19%
MPC	D	0.19%
SO	D	0.19%
UGI	A	0.19%
D	C	0.19%
DVN	F	0.19%
USFD	A	0.18%
AWK	D	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%
FE	C	0.18%
MO	A	0.17%
NFE	D	0.17%
FRPT	B	0.17%
KR	B	0.17%
INGR	B	0.17%
GO	C	0.17%
CLX	B	0.16%
K	A	0.16%
KVUE	A	0.16%
COR	B	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%
APP	B	0.16%
CASY	A	0.16%
KMB	D	0.15%
CE	F	0.15%
SEG	B	0.15%
KHC	F	0.15%
PEP	F	0.15%
SPG	B	0.15%
PG	A	0.15%
HRL	D	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%
MSTR	C	0.15%
KRC	C	0.15%
CBRE	B	0.15%
SYY	B	0.15%
CL	D	0.14%
REG	B	0.14%
CAG	D	0.14%
ADC	B	0.14%
SEB	F	0.14%
REYN	D	0.14%
KO	D	0.14%
BXP	D	0.14%
ADM	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%
BG	F	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%
VICI	C	0.13%
GLPI	C	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%
UDR	B	0.13%
CSGP	D	0.13%
FRT	B	0.13%
ESS	B	0.13%
VTR	C	0.13%
CPT	B	0.13%
OHI	C	0.13%
WY	D	0.13%
HIW	D	0.13%
AVB	B	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%
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%
BMY	B	0.1%
INCY	C	0.1%
DJT	C	0.1%
COLD	D	0.1%
PLTR	B	0.1%
MPW	F	0.1%
VTRS	A	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%
MS	A	0.09%
CVNA	B	0.09%
CAH	B	0.09%
GILD	C	0.09%
NVST	B	0.09%
ILMN	D	0.09%
DOCU	A	0.09%
CFLT	B	0.09%
PODD	C	0.09%
APO	B	0.09%
WST	C	0.09%
GMED	A	0.09%
TOST	B	0.09%
TEAM	A	0.09%
PEN	B	0.09%
WAT	B	0.09%
LPLA	A	0.09%
PINC	B	0.09%
ITCI	C	0.09%
UTHR	C	0.09%
HOOD	B	0.09%
TPG	A	0.08%
AGO	B	0.08%
GS	A	0.08%
NVDA	C	0.08%
S	B	0.08%
KD	B	0.08%
HSIC	B	0.08%
NTRS	A	0.08%
ZM	B	0.08%
MDT	D	0.08%
QGEN	D	0.08%
JBL	B	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%
HPE	B	0.08%
ELAN	D	0.08%
FTNT	C	0.08%
VRTX	F	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%
CHE	D	0.08%
RGEN	D	0.08%
DFS	B	0.08%
CRM	B	0.08%
DAY	B	0.08%
SCHW	B	0.08%
KKR	A	0.08%
UNH	C	0.08%
RCM	F	0.08%
NBIX	C	0.08%
DGX	A	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%
WTFC	A	0.08%
PAYC	B	0.08%
ZBH	C	0.08%
AMP	A	0.08%
PNFP	B	0.08%
VEEV	C	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%
VRSN	F	0.07%
WRB	A	0.07%
AJG	B	0.07%
RARE	D	0.07%
VOYA	B	0.07%
GFS	C	0.07%
GL	B	0.07%
HIG	B	0.07%
CME	A	0.07%
WDAY	B	0.07%
BIIB	F	0.07%
VAC	B	0.07%
NDAQ	A	0.07%
AIG	B	0.07%
INTU	C	0.07%
CACI	D	0.07%
DDS	B	0.07%
AON	A	0.07%
ORI	A	0.07%
MSCI	C	0.07%
BR	A	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
DNB	B	0.07%
LDOS	C	0.07%
BRK.A	B	0.07%
BKNG	A	0.07%
FOXA	B	0.07%
LLY	F	0.07%
META	D	0.07%
HPQ	B	0.07%
INSP	D	0.07%
SMAR	A	0.07%
BEN	C	0.07%
ANSS	B	0.07%
VKTX	F	0.07%
MRK	F	0.07%
TPR	B	0.07%
WBD	C	0.07%
CINF	A	0.07%
TFSL	A	0.07%
GME	C	0.07%
MET	A	0.07%
UAA	C	0.07%
CRBG	B	0.07%
WTM	A	0.07%
TFC	A	0.07%
THG	A	0.07%
GEV	B	0.07%
CDNS	B	0.07%
RYAN	B	0.07%
SNPS	B	0.07%
GLW	B	0.07%
TSLA	B	0.07%
UHS	D	0.07%
CTSH	B	0.07%
GTLB	B	0.07%
BRO	B	0.07%
BK	A	0.07%
IT	C	0.07%
HUM	C	0.07%
GOOGL	C	0.07%
ABBV	D	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%
APH	A	0.07%
BOKF	B	0.07%
SNOW	C	0.07%
DV	C	0.07%
HCA	F	0.07%
ALK	C	0.07%
STT	A	0.07%
BROS	B	0.07%
KMPR	B	0.07%
GWRE	A	0.07%
IDXX	F	0.07%
TROW	B	0.07%
EXPE	B	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%
NOW	A	0.07%
FFIV	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%
TMO	F	0.07%
CFG	B	0.07%
SHC	F	0.07%
PRI	A	0.07%
CI	F	0.07%
CBSH	A	0.07%
SEIC	B	0.07%
RPRX	D	0.07%
ZTS	D	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%
ADSK	A	0.07%
DELL	C	0.07%
DDOG	A	0.07%
RMD	C	0.07%
LNC	B	0.07%
SPOT	B	0.07%
ARES	A	0.07%
RF	A	0.07%
PANW	C	0.07%
FHB	A	0.07%
A	D	0.07%
FNB	A	0.07%
DAL	C	0.07%
IONS	F	0.07%
AMED	F	0.07%
EQH	B	0.07%
PYCR	C	0.07%
HLI	B	0.07%
USB	A	0.07%
ADBE	C	0.06%
PYPL	B	0.06%
EME	C	0.06%
HD	A	0.06%
ARMK	B	0.06%
TRIP	F	0.06%
CMI	A	0.06%
CW	B	0.06%
LUV	C	0.06%
FICO	B	0.06%
AMD	F	0.06%
PVH	C	0.06%
OMC	C	0.06%
AGNC	D	0.06%
SNA	A	0.06%
PWR	A	0.06%
SAIC	F	0.06%
RBA	A	0.06%
ACGL	D	0.06%
ARW	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%
EA	A	0.06%
GNRC	B	0.06%
XRAY	F	0.06%
PENN	C	0.06%
SAIA	B	0.06%
FIX	A	0.06%
CBOE	B	0.06%
ABNB	C	0.06%
CPNG	D	0.06%
ADI	D	0.06%
R	B	0.06%
IAC	D	0.06%
DECK	A	0.06%
PLTK	B	0.06%
HCP	B	0.06%
CPRT	A	0.06%
NFLX	A	0.06%
ICE	C	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%
MDB	C	0.06%
MMC	B	0.06%
APLS	D	0.06%
QCOM	F	0.06%
U	C	0.06%
LRCX	F	0.06%
MSFT	F	0.06%
PINS	D	0.06%
BPOP	B	0.06%
EG	C	0.06%
RL	B	0.06%
FAF	A	0.06%
MTG	C	0.06%
SSNC	B	0.06%
WHR	B	0.06%
NTAP	C	0.06%
AMAT	F	0.06%
MCO	B	0.06%
TXN	C	0.06%
DIS	B	0.06%
WYNN	D	0.06%
MAR	B	0.06%
CNC	D	0.06%
AFL	B	0.06%
TXRH	C	0.06%
LVS	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%
L	A	0.06%
APPF	B	0.06%
PGR	A	0.06%
GM	B	0.06%
CNA	B	0.06%
MKTX	D	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%
DLB	B	0.06%
BMRN	D	0.06%
PSN	D	0.06%
TYL	B	0.06%
AAON	B	0.06%
NU	C	0.06%
LULU	C	0.06%
ROP	B	0.06%
PATH	C	0.06%
RGA	A	0.06%
PCTY	B	0.06%
ALL	A	0.06%
MANH	D	0.06%
AVT	C	0.06%
AFG	A	0.06%
TDC	D	0.06%
DT	C	0.06%
MSA	D	0.05%
MMM	D	0.05%
MRNA	F	0.05%
MAS	D	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%
CSX	B	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%
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%
EXPD	D	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%
CTAS	B	0.05%
EEFT	B	0.05%
CGNX	C	0.05%
TSCO	D	0.05%
HRB	D	0.05%
GPC	D	0.05%
DKS	C	0.05%
BBY	D	0.05%
GPN	B	0.05%
GGG	B	0.05%
APG	B	0.05%
LEG	F	0.05%
IPG	D	0.05%
FIVE	F	0.05%
RTX	C	0.05%
KEYS	A	0.05%
LII	A	0.05%
PHM	D	0.05%
WSM	B	0.05%
BIRK	D	0.05%
NKE	D	0.05%
ROL	B	0.05%
DLTR	F	0.05%
FIS	C	0.05%
CHDN	B	0.05%
FDX	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%
MA	C	0.05%
COLM	B	0.05%
CNH	C	0.05%
EBAY	D	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%
TER	D	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%
SWKS	F	0.05%
HAYW	B	0.05%
ADTN	A	0.05%
MLM	B	0.05%
COST	B	0.05%
OLED	D	0.05%
NVT	B	0.05%
TGT	F	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%
ONTO	D	0.05%
DCI	B	0.05%
CSL	C	0.05%
HEI	B	0.05%
NYT	C	0.05%
RPM	A	0.05%
ADP	B	0.05%
RRX	B	0.05%
SITE	D	0.05%
TJX	A	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%
LECO	B	0.05%
HON	B	0.05%
KMX	B	0.05%
KEX	C	0.05%
IR	B	0.05%
UBER	D	0.05%
REGN	F	0.05%
JCI	C	0.05%
PH	A	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%
TOL	B	0.05%
ETN	A	0.05%
WMT	A	0.05%
VMC	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%
HWM	A	0.05%
PKG	A	0.05%
XP	F	0.05%
VVV	F	0.05%
ULTA	F	0.05%
WEN	D	0.05%
OC	A	0.05%
CHRW	C	0.05%
MTCH	D	0.05%
FI	A	0.05%
ORLY	B	0.05%
ELF	C	0.05%
GTES	A	0.05%
GWW	B	0.05%
PCAR	B	0.05%
CPAY	A	0.05%
DPZ	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%
EL	F	0.04%
WING	D	0.04%
UWMC	D	0.04%
SWK	D	0.04%
CROX	D	0.04%
EFX	F	0.04%
DOW	F	0.04%
MTD	D	0.04%
ACHC	F	0.04%
FCN	D	0.04%
MPWR	F	0.04%
APTV	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%
TXT	D	0.04%
BAH	F	0.04%
LMT	D	0.04%
AOS	F	0.04%
VSTS	C	0.04%
MAN	D	0.04%
NOC	D	0.04%
CLVT	F	0.04%
VLTO	D	0.04%
DHI	D	0.04%
AMCR	D	0.04%
ATI	D	0.04%
FTV	C	0.04%
DE	A	0.04%
SON	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%
HII	D	0.03%
SMCI	F	0.02%

EQAL Underweight 125 Positions Relative to HYBB

Symbol	Grade	Weight
JBLU	F	-0.3%
INGM	F	-0.29%
GTLS	B	-0.23%
GTN	F	-0.2%
TLN	B	-0.19%
VAL	D	-0.17%
BFH	B	-0.14%
AMCX	C	-0.13%
HLF	C	-0.12%
KNTK	B	-0.12%
HRI	B	-0.12%
HGV	B	-0.12%
HTZ	C	-0.12%
IGT	F	-0.11%
USM	B	-0.1%
SBH	C	-0.1%
ADT	C	-0.1%
TRN	C	-0.1%
TEX	D	-0.09%
VSAT	F	-0.09%
ASGN	F	-0.09%
AVNT	B	-0.09%
AIR	B	-0.09%
CWK	B	-0.09%
IEP	F	-0.09%
ATSG	B	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
GNL	F	-0.08%
NEP	F	-0.08%
FLR	B	-0.08%
ACCO	C	-0.08%
LADR	B	-0.08%
OUT	A	-0.08%
SRCL	C	-0.08%
DO	D	-0.08%
CXW	B	-0.08%
ECPG	B	-0.08%
ALGT	B	-0.08%
NMRK	B	-0.08%
SNEX	B	-0.08%
MD	B	-0.07%
KFY	B	-0.07%
SAH	A	-0.07%
RLJ	C	-0.07%
COOP	B	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	C	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
FTAI	B	-0.07%
GHC	C	-0.07%
PHIN	A	-0.07%
TNET	D	-0.07%
NAVI	C	-0.07%
EPC	D	-0.07%
SCS	C	-0.07%
GPI	A	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
NGVT	B	-0.07%
UA	C	-0.07%
PFSI	D	-0.07%
HLX	B	-0.06%
TCBI	B	-0.06%
MTX	B	-0.06%
TMHC	B	-0.06%
SM	B	-0.06%
PBH	A	-0.06%
BCC	B	-0.06%
RXO	C	-0.06%
TRS	B	-0.06%
HESM	B	-0.06%
TTMI	B	-0.06%
CCOI	B	-0.06%
ATKR	C	-0.06%
CNX	A	-0.06%
VSTO	A	-0.06%
VNOM	A	-0.06%
RHP	B	-0.06%
LEVI	F	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	D	-0.06%
SXC	A	-0.06%
MUR	D	-0.05%
DFH	D	-0.05%
OII	B	-0.05%
DAN	D	-0.05%
AMN	F	-0.05%
WGO	C	-0.05%
CRS	A	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	B	-0.05%
FL	F	-0.05%
ABG	B	-0.05%
SUN	B	-0.05%
BXMT	C	-0.05%
CMC	B	-0.04%
REZI	A	-0.04%
FUL	F	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
FOR	F	-0.04%
GNW	A	-0.04%
ENS	D	-0.04%
LGIH	D	-0.04%
IMKTA	C	-0.04%
VLY	B	-0.04%
BDN	C	-0.04%
PRAA	C	-0.04%
CENT	C	-0.04%
HI	C	-0.04%
STX	D	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
CSTM	F	-0.03%