EQAL vs. QDF ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to FlexShares Quality Dividend Index Fund (QDF)

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

$51.96

Average Daily Volume

22,601

Number of Holdings ^*

968

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$73.29

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	QDF
30 Days	5.64%	1.66%
60 Days	6.61%	2.62%
90 Days	8.92%	4.00%
12 Months	28.87%	26.92%

118 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in QDF	Overlap
AAPL	C	0.06%	8.54%	0.06%
ABBV	D	0.07%	2.58%	0.07%
ACN	C	0.05%	1.93%	0.05%
ADP	B	0.05%	1.11%	0.05%
AFL	B	0.06%	0.62%	0.06%
ALLY	C	0.07%	0.37%	0.07%
AVB	B	0.13%	0.58%	0.13%
AVGO	D	0.06%	0.88%	0.06%
BAC	A	0.07%	0.02%	0.02%
BBWI	D	0.06%	0.01%	0.01%
BK	A	0.07%	0.68%	0.07%
BKNG	A	0.07%	0.07%	0.07%
BPOP	B	0.06%	0.48%	0.06%
BR	A	0.07%	0.3%	0.07%
BSY	D	0.06%	0.13%	0.06%
CAT	B	0.05%	0.75%	0.05%
CFR	B	0.08%	0.42%	0.08%
CHRW	C	0.05%	0.55%	0.05%
CL	D	0.14%	0.15%	0.14%
CMA	A	0.08%	0.58%	0.08%
COP	C	0.22%	0.04%	0.04%
COR	B	0.16%	0.14%	0.14%
COST	B	0.05%	0.24%	0.05%
CPT	B	0.13%	0.51%	0.13%
CTAS	B	0.05%	0.39%	0.05%
CUBE	D	0.12%	0.37%	0.12%
D	C	0.19%	0.59%	0.19%
DPZ	C	0.05%	0.17%	0.05%
DVN	F	0.19%	0.46%	0.19%
EA	A	0.06%	0.58%	0.06%
EBAY	D	0.05%	0.58%	0.05%
EIX	B	0.19%	0.34%	0.19%
EQR	B	0.13%	0.55%	0.13%
EVRG	A	0.21%	0.42%	0.21%
EXP	A	0.05%	0.08%	0.05%
FAF	A	0.06%	0.47%	0.06%
FAST	B	0.28%	0.68%	0.28%
FIS	C	0.05%	0.62%	0.05%
GEN	B	0.07%	0.58%	0.07%
GILD	C	0.09%	1.0%	0.09%
GOOGL	C	0.07%	1.84%	0.07%
HD	A	0.06%	1.77%	0.06%
HRB	D	0.05%	0.17%	0.05%
HST	C	0.14%	0.41%	0.14%
INTU	C	0.07%	1.74%	0.07%
IPG	D	0.05%	0.45%	0.05%
IRDM	D	0.57%	0.31%	0.31%
ITW	B	0.05%	0.74%	0.05%
IVZ	B	0.07%	0.51%	0.07%
JHG	A	0.08%	0.6%	0.08%
JNJ	D	0.07%	3.01%	0.07%
JPM	A	0.07%	0.75%	0.07%
KLAC	D	0.05%	0.76%	0.05%
KO	D	0.14%	2.16%	0.14%
LMT	D	0.04%	0.62%	0.04%
LNC	B	0.07%	0.39%	0.07%
LOW	D	0.06%	1.27%	0.06%
LRCX	F	0.06%	0.87%	0.06%
MA	C	0.05%	0.26%	0.05%
MAA	B	0.13%	0.55%	0.13%
MAR	B	0.06%	0.05%	0.05%
MCHP	D	0.05%	0.45%	0.05%
MET	A	0.07%	0.56%	0.07%
META	D	0.07%	3.1%	0.07%
MMM	D	0.05%	0.65%	0.05%
MO	A	0.17%	0.89%	0.17%
MPC	D	0.19%	0.54%	0.19%
MRK	F	0.07%	0.45%	0.07%
MS	A	0.09%	0.98%	0.09%
MSFT	F	0.06%	4.91%	0.06%
NKE	D	0.05%	0.83%	0.05%
NNN	D	0.12%	0.23%	0.12%
NSA	D	0.12%	0.49%	0.12%
NTAP	C	0.06%	0.22%	0.06%
NUE	C	0.25%	0.42%	0.25%
NVDA	C	0.08%	5.81%	0.08%
OGE	B	0.21%	0.51%	0.21%
OHI	C	0.13%	0.52%	0.13%
OLN	D	0.24%	0.25%	0.24%
OMF	A	0.08%	0.52%	0.08%
ORI	A	0.07%	0.55%	0.07%
PAYC	B	0.08%	0.16%	0.08%
PAYX	C	0.05%	0.63%	0.05%
PEG	A	0.21%	0.61%	0.21%
PFG	D	0.06%	0.39%	0.06%
PG	A	0.15%	3.03%	0.15%
PM	B	0.16%	1.41%	0.16%
PNW	B	0.2%	0.16%	0.16%
POOL	C	0.05%	0.44%	0.05%
PRU	A	0.07%	0.61%	0.07%
PSA	D	0.13%	0.6%	0.13%
QCOM	F	0.06%	1.68%	0.06%
RHI	B	0.06%	0.38%	0.06%
RMD	C	0.07%	0.17%	0.07%
SBUX	A	0.05%	0.76%	0.05%
SCCO	F	0.24%	0.36%	0.24%
SMG	D	0.26%	0.5%	0.26%
SNA	A	0.06%	0.56%	0.06%
STWD	C	0.06%	0.49%	0.06%
SWKS	F	0.05%	0.4%	0.05%
TPR	B	0.07%	0.57%	0.07%
TT	A	0.05%	0.43%	0.05%
UGI	A	0.19%	0.49%	0.19%
UNP	C	0.04%	1.24%	0.04%
V	A	0.05%	0.4%	0.05%
VIRT	B	0.07%	0.6%	0.07%
VLO	C	0.21%	0.55%	0.21%
VRT	B	0.09%	0.83%	0.09%
WFRD	D	0.18%	0.07%	0.07%
WING	D	0.04%	0.2%	0.04%
WMS	D	0.04%	0.36%	0.04%
WMT	A	0.05%	0.13%	0.05%
WSM	B	0.05%	0.43%	0.05%
WTW	B	0.07%	0.56%	0.07%
WU	D	0.04%	0.45%	0.04%
WY	D	0.13%	0.42%	0.13%
XOM	B	0.21%	0.5%	0.21%
ZTS	D	0.07%	0.74%	0.07%

EQAL Overweight 850 Positions Relative to QDF

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%
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%
VST	B	0.34%
TPL	A	0.34%
MP	B	0.32%
AA	B	0.31%
STLD	B	0.29%
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%
ESI	A	0.26%
MOS	F	0.25%
X	C	0.25%
OKE	A	0.24%
CLF	F	0.24%
EMN	D	0.24%
WMB	A	0.24%
FCX	D	0.24%
EOG	A	0.23%
AR	B	0.23%
NRG	B	0.23%
PR	B	0.23%
OVV	B	0.23%
RRC	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%
MTDR	B	0.23%
LNG	B	0.23%
ETR	B	0.23%
FTI	A	0.23%
SLB	C	0.22%
AVY	D	0.22%
ASH	D	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%
LYB	F	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%
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%
RSG	A	0.2%
NFG	A	0.2%
PSX	C	0.2%
AM	A	0.2%
IFF	D	0.2%
PPL	B	0.2%
TAP	C	0.19%
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%
PPC	C	0.19%
CMS	C	0.19%
SO	D	0.19%
CIVI	D	0.19%
CHRD	D	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%
PFGC	B	0.18%
NFE	D	0.17%
FRPT	B	0.17%
KR	B	0.17%
INGR	B	0.17%
GO	C	0.17%
WBA	F	0.16%
CLX	B	0.16%
ACI	C	0.16%
K	A	0.16%
VNO	B	0.16%
KVUE	A	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%
PK	B	0.15%
POST	C	0.15%
PEP	F	0.15%
SPG	B	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%
SYY	B	0.15%
REG	B	0.14%
CAG	D	0.14%
ADC	B	0.14%
LAMR	D	0.14%
SEB	F	0.14%
REYN	D	0.14%
BXP	D	0.14%
ADM	D	0.14%
MDLZ	F	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%
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%
DOC	D	0.13%
ELS	C	0.13%
UDR	B	0.13%
CSGP	D	0.13%
IRM	D	0.13%
FRT	B	0.13%
ESS	B	0.13%
VTR	C	0.13%
HIW	D	0.13%
REXR	F	0.12%
SUI	D	0.12%
CCI	D	0.12%
ENPH	F	0.12%
PLD	D	0.12%
WPC	D	0.12%
ARE	D	0.12%
O	D	0.12%
SBAC	D	0.12%
COIN	C	0.11%
TWLO	A	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%
CVNA	B	0.09%
CAH	B	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%
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%
WAT	B	0.09%
LPLA	A	0.09%
PINC	B	0.09%
ITCI	C	0.09%
UTHR	C	0.09%
HOOD	B	0.09%
RCL	A	0.08%
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%
NTRS	A	0.08%
ZM	B	0.08%
MDT	D	0.08%
QGEN	D	0.08%
JBL	B	0.08%
HBAN	A	0.08%
BX	A	0.08%
ROIV	C	0.08%
ZS	C	0.08%
HOLX	D	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%
FTNT	C	0.08%
VRTX	F	0.08%
DVA	B	0.08%
FTRE	D	0.08%
BILL	A	0.08%
CERT	F	0.08%
GDDY	A	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%
MTB	A	0.08%
PRGO	B	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%
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%
AMP	A	0.08%
PNFP	B	0.08%
VEEV	C	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%
CACI	D	0.07%
DDS	B	0.07%
NWL	B	0.07%
AON	A	0.07%
MSCI	C	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
DNB	B	0.07%
LDOS	C	0.07%
BRK.A	B	0.07%
FOXA	B	0.07%
LLY	F	0.07%
HPQ	B	0.07%
INSP	D	0.07%
SMAR	A	0.07%
BEN	C	0.07%
IQV	D	0.07%
ANSS	B	0.07%
VKTX	F	0.07%
LYV	A	0.07%
WBD	C	0.07%
CINF	A	0.07%
TFSL	A	0.07%
GME	C	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%
AAL	B	0.07%
CDNS	B	0.07%
RYAN	B	0.07%
SNPS	B	0.07%
GLW	B	0.07%
MOH	F	0.07%
TSLA	B	0.07%
UHS	D	0.07%
CTSH	B	0.07%
GTLB	B	0.07%
BRO	B	0.07%
IT	C	0.07%
HUM	C	0.07%
AIZ	A	0.07%
MU	D	0.07%
MORN	B	0.07%
AXS	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%
PTC	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%
PFE	D	0.07%
TRV	B	0.07%
FDS	B	0.07%
STE	F	0.07%
LSCC	D	0.07%
TW	A	0.07%
NTNX	A	0.07%
DUOL	A	0.07%
MKL	A	0.07%
OZK	B	0.07%
SLM	A	0.07%
NOW	A	0.07%
FFIV	B	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%
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%
LAD	A	0.07%
DHR	F	0.07%
BLK	C	0.07%
C	A	0.07%
NET	B	0.07%
KEY	B	0.07%
ADSK	A	0.07%
DELL	C	0.07%
DDOG	A	0.07%
CCL	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%
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%
TPX	B	0.06%
ADBE	C	0.06%
PYPL	B	0.06%
EME	C	0.06%
LPX	B	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%
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%
ELV	F	0.06%
MSGS	A	0.06%
AKAM	D	0.06%
AYI	B	0.06%
AFRM	B	0.06%
ON	D	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%
CBOE	B	0.06%
ABNB	C	0.06%
CPNG	D	0.06%
THO	B	0.06%
ADI	D	0.06%
R	B	0.06%
IAC	D	0.06%
DECK	A	0.06%
PLTK	B	0.06%
RBLX	C	0.06%
HCP	B	0.06%
BWXT	B	0.06%
CPRT	A	0.06%
NFLX	A	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%
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%
PINS	D	0.06%
EG	C	0.06%
RL	B	0.06%
HLT	A	0.06%
MTG	C	0.06%
SSNC	B	0.06%
WHR	B	0.06%
ALSN	B	0.06%
SYF	B	0.06%
BYD	C	0.06%
AMAT	F	0.06%
MCO	B	0.06%
TXN	C	0.06%
DIS	B	0.06%
WYNN	D	0.06%
CNC	D	0.06%
TFX	F	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%
AVTR	F	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%
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%
TYL	B	0.06%
AAON	B	0.06%
NU	C	0.06%
LULU	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%
MANH	D	0.06%
AVT	C	0.06%
TNL	A	0.06%
AFG	A	0.06%
TDC	D	0.06%
DT	C	0.06%
MSA	D	0.05%
CCK	C	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%
BLDR	D	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%
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%
FND	C	0.05%
LEN	D	0.05%
HOG	D	0.05%
EEFT	B	0.05%
CGNX	C	0.05%
TSCO	D	0.05%
GPC	D	0.05%
DKS	C	0.05%
BBY	D	0.05%
GPN	B	0.05%
MTN	C	0.05%
GGG	B	0.05%
APG	B	0.05%
LEG	F	0.05%
FIVE	F	0.05%
RTX	C	0.05%
SEE	C	0.05%
KEYS	A	0.05%
LII	A	0.05%
KSS	F	0.05%
PHM	D	0.05%
BIRK	D	0.05%
ROL	B	0.05%
DLTR	F	0.05%
YUM	B	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%
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%
HUBB	B	0.05%
SN	D	0.05%
AXTA	A	0.05%
TER	D	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%
OLED	D	0.05%
NXST	C	0.05%
NVT	B	0.05%
TGT	F	0.05%
AL	B	0.05%
MCD	D	0.05%
YETI	C	0.05%
ROK	B	0.05%
WAB	B	0.05%
CR	A	0.05%
SLGN	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%
RRX	B	0.05%
JWN	C	0.05%
SITE	D	0.05%
TJX	A	0.05%
PNR	A	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%
MGM	D	0.05%
KEX	C	0.05%
MUSA	A	0.05%
IR	B	0.05%
AMKR	D	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%
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%
PKG	A	0.05%
XP	F	0.05%
VVV	F	0.05%
ULTA	F	0.05%
WEN	D	0.05%
OC	A	0.05%
MTCH	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%
PCAR	B	0.05%
CPAY	A	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%
EL	F	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%
MTD	D	0.04%
ACHC	F	0.04%
FCN	D	0.04%
MPWR	F	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%
TXT	D	0.04%
BAH	F	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%
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 9 Positions Relative to QDF

Symbol	Grade	Weight
GOOG	C	-1.63%
KTB	B	-0.6%
NXPI	D	-0.52%
RDN	C	-0.49%
WDFC	B	-0.47%
APLE	B	-0.35%
NEP	F	-0.3%
CSWI	A	-0.07%
STNG	F	-0.02%