EQAL vs. QUAL ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to iShares MSCI USA Quality Factor ETF (QUAL)

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

$48.68

Average Daily Volume

21,039

Number of Holdings ^*

964

* may have additional holdings in another (foreign) market

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$179.21

Average Daily Volume

931,872

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	QUAL
30 Days	4.22%	3.47%
60 Days	10.48%	10.52%
90 Days	9.91%	3.68%
12 Months	28.06%	37.76%

120 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in QUAL	Overlap
A	B	0.09%	0.23%	0.09%
AAPL	C	0.07%	5.53%	0.07%
ACGL	A	0.07%	0.29%	0.07%
ACN	B	0.05%	1.66%	0.05%
ADBE	F	0.06%	1.81%	0.06%
ADP	A	0.05%	1.61%	0.05%
AFG	A	0.06%	0.06%	0.06%
AFL	A	0.06%	0.41%	0.06%
AMAT	C	0.07%	1.42%	0.07%
AMP	A	0.06%	0.27%	0.06%
ANET	A	0.55%	0.74%	0.55%
AOS	C	0.05%	0.08%	0.05%
APA	F	0.21%	0.21%	0.21%
APD	C	0.26%	0.33%	0.26%
APH	D	0.06%	0.46%	0.06%
ATO	A	0.21%	0.38%	0.21%
AVB	C	0.14%	0.24%	0.14%
AVY	D	0.25%	0.09%	0.09%
BBY	C	0.05%	0.32%	0.05%
BLK	A	0.07%	0.9%	0.07%
CAT	A	0.05%	1.43%	0.05%
CBOE	B	0.06%	0.14%	0.06%
CBRE	C	0.15%	0.33%	0.15%
CDNS	D	0.06%	0.55%	0.06%
CME	A	0.07%	0.5%	0.07%
CMG	C	0.05%	1.24%	0.05%
COP	D	0.21%	1.62%	0.21%
COST	C	0.05%	2.5%	0.05%
CSCO	A	0.55%	1.61%	0.55%
CSGP	F	0.14%	0.28%	0.14%
CTAS	C	0.05%	0.57%	0.05%
DECK	B	0.05%	0.45%	0.05%
DHI	C	0.05%	0.83%	0.05%
EA	D	0.05%	0.18%	0.05%
ED	C	0.2%	0.54%	0.2%
EME	B	0.05%	0.14%	0.05%
ENPH	F	0.22%	0.11%	0.11%
EQR	C	0.13%	0.18%	0.13%
EQT	C	0.23%	0.19%	0.19%
EW	F	0.08%	0.24%	0.08%
EXPD	D	0.04%	0.13%	0.04%
FAST	C	0.25%	0.37%	0.25%
FDS	C	0.07%	0.12%	0.07%
GGG	C	0.05%	0.11%	0.05%
GOOGL	B	0.07%	1.69%	0.07%
GRMN	D	0.05%	0.41%	0.05%
GWW	B	0.05%	0.52%	0.05%
HSY	D	0.16%	0.17%	0.16%
IDXX	D	0.08%	0.36%	0.08%
IPG	D	0.05%	0.06%	0.05%
ITW	C	0.05%	0.71%	0.05%
JKHY	A	0.05%	0.1%	0.05%
JNJ	D	0.08%	2.26%	0.08%
KEYS	B	0.05%	0.16%	0.05%
KLAC	B	0.07%	0.98%	0.07%
KO	C	0.16%	1.67%	0.16%
LIN	C	0.25%	1.22%	0.25%
LLY	D	0.08%	4.04%	0.08%
LMT	A	0.05%	1.18%	0.05%
LPLA	D	0.07%	0.13%	0.07%
LRCX	D	0.07%	0.86%	0.07%
LULU	D	0.06%	0.58%	0.06%
MA	A	0.05%	4.01%	0.05%
MANH	A	0.07%	0.2%	0.07%
MCO	D	0.06%	0.54%	0.06%
META	A	0.07%	4.2%	0.07%
MKTX	B	0.06%	0.07%	0.06%
MMC	D	0.06%	0.75%	0.06%
MMM	C	0.05%	0.54%	0.05%
MNST	D	0.17%	0.21%	0.17%
MOH	F	0.08%	0.11%	0.08%
MPWR	B	0.07%	0.29%	0.07%
MSFT	D	0.06%	4.66%	0.06%
NFLX	A	0.05%	1.52%	0.05%
NKE	D	0.06%	1.64%	0.06%
NTAP	D	0.07%	0.22%	0.07%
NVDA	B	0.06%	5.94%	0.06%
NVR	C	0.06%	0.56%	0.06%
ODFL	F	0.05%	0.31%	0.05%
OMC	C	0.06%	0.11%	0.06%
PAYC	D	0.06%	0.06%	0.06%
PAYX	B	0.05%	0.46%	0.05%
PEG	A	0.21%	0.69%	0.21%
PEP	F	0.16%	1.19%	0.16%
PHM	C	0.06%	0.48%	0.06%
PKG	B	0.05%	0.09%	0.05%
PLD	D	0.14%	0.79%	0.14%
POOL	D	0.06%	0.23%	0.06%
PPG	D	0.05%	0.16%	0.05%
PSA	C	0.14%	0.59%	0.14%
QCOM	D	0.06%	1.23%	0.06%
RMD	C	0.08%	0.18%	0.08%
ROK	D	0.05%	0.21%	0.05%
ROL	C	0.05%	0.12%	0.05%
RS	D	0.26%	0.08%	0.08%
SEIC	B	0.06%	0.06%	0.06%
SHW	C	0.05%	0.58%	0.05%
SLB	D	0.22%	0.88%	0.22%
SMCI	F	0.06%	0.14%	0.06%
SNPS	F	0.07%	0.5%	0.07%
SOLV	C	0.08%	0.05%	0.05%
SRE	C	0.21%	0.84%	0.21%
TJX	D	0.05%	1.99%	0.05%
TPL	A	0.22%	0.38%	0.22%
TROW	D	0.07%	0.18%	0.07%
TSCO	A	0.05%	0.45%	0.05%
TXN	C	0.06%	1.4%	0.06%
ULTA	D	0.05%	0.35%	0.05%
UNH	B	0.08%	2.77%	0.08%
UTHR	C	0.09%	0.08%	0.08%
V	B	0.04%	4.01%	0.04%
VEEV	C	0.08%	0.16%	0.08%
VLTO	A	0.05%	0.22%	0.05%
VRTX	D	0.08%	0.62%	0.08%
WAT	B	0.09%	0.13%	0.09%
WBA	F	0.17%	0.03%	0.03%
WSM	C	0.06%	0.34%	0.06%
WSO	C	0.05%	0.11%	0.05%
WST	D	0.09%	0.12%	0.09%
ZTS	C	0.08%	0.57%	0.08%

EQAL Overweight 844 Positions Relative to QUAL

Symbol	Grade	Weight
LBRDK	C	0.66%
IRDM	C	0.61%
LITE	A	0.61%
CIEN	A	0.58%
UI	B	0.56%
CMCSA	B	0.54%
VZ	C	0.53%
JNPR	C	0.52%
TMUS	A	0.52%
T	B	0.52%
MSI	A	0.52%
FYBR	C	0.51%
ROKU	C	0.51%
CHTR	D	0.49%
MP	C	0.32%
SMG	C	0.31%
VST	A	0.3%
FCX	B	0.3%
AA	B	0.3%
CC	D	0.29%
SCCO	B	0.29%
STLD	C	0.28%
CE	D	0.28%
OLN	D	0.28%
CLF	D	0.27%
EMN	C	0.27%
CEG	A	0.27%
HUN	B	0.27%
FMC	C	0.26%
ESI	C	0.26%
NUE	D	0.26%
MOS	F	0.26%
TKR	B	0.26%
ALB	D	0.26%
CF	A	0.26%
WLK	C	0.26%
ECL	C	0.25%
NEM	C	0.25%
IP	C	0.25%
IFF	D	0.25%
X	F	0.25%
LYB	B	0.25%
ASH	F	0.25%
RBC	C	0.25%
NEU	F	0.24%
RGLD	C	0.24%
HXL	F	0.24%
CHK	C	0.23%
NRG	A	0.23%
SWN	D	0.23%
RRC	D	0.22%
ETR	A	0.22%
KMI	A	0.22%
FTI	B	0.22%
CWEN	C	0.22%
AR	C	0.22%
FSLR	C	0.22%
BKR	B	0.22%
AES	C	0.22%
NEE	C	0.21%
EXC	C	0.21%
MPC	D	0.21%
LNG	A	0.21%
VLO	F	0.21%
CMS	A	0.21%
SO	A	0.21%
MRO	B	0.21%
OGE	C	0.21%
NI	A	0.21%
HAL	D	0.21%
DTE	B	0.21%
DINO	F	0.21%
NFG	A	0.21%
EIX	C	0.21%
EVRG	C	0.21%
PR	D	0.21%
PPL	C	0.21%
AM	A	0.21%
DTM	A	0.21%
LNT	B	0.21%
EOG	B	0.21%
AEE	A	0.21%
XOM	A	0.21%
CTRA	D	0.21%
PSX	D	0.21%
CVX	B	0.21%
HES	D	0.21%
UGI	C	0.21%
CNP	B	0.21%
RSG	D	0.2%
DVN	F	0.2%
CIVI	F	0.2%
AWK	D	0.2%
CHRD	F	0.2%
SRCL	B	0.2%
WM	B	0.2%
AEP	C	0.2%
PNW	C	0.2%
OVV	D	0.2%
MTDR	D	0.2%
OKE	A	0.2%
FANG	D	0.2%
NOV	F	0.2%
D	A	0.2%
FE	C	0.2%
DUK	C	0.2%
ES	D	0.2%
AGR	C	0.2%
TRGP	A	0.2%
OXY	D	0.2%
WMB	A	0.2%
WTRG	D	0.2%
IDA	D	0.2%
WEC	B	0.2%
CLH	B	0.2%
PCG	C	0.2%
XEL	C	0.2%
WFRD	F	0.19%
GO	F	0.18%
DAR	F	0.18%
NFE	F	0.18%
CAG	D	0.17%
KR	C	0.17%
STZ	D	0.17%
BRBR	A	0.17%
KHC	F	0.17%
SPB	C	0.17%
LW	D	0.17%
SAM	D	0.17%
SJM	D	0.17%
CTVA	A	0.17%
CVS	D	0.17%
PPC	C	0.17%
TAP	D	0.17%
PFGC	A	0.17%
FRPT	A	0.16%
CASY	D	0.16%
TSN	D	0.16%
PM	D	0.16%
KRC	C	0.16%
MO	D	0.16%
ACI	F	0.16%
CL	D	0.16%
REYN	D	0.16%
PG	D	0.16%
CELH	F	0.16%
CLX	C	0.16%
HRL	F	0.16%
CPB	D	0.16%
MDLZ	D	0.16%
MKC	C	0.16%
KMB	D	0.16%
ADM	F	0.16%
K	B	0.16%
Z	C	0.16%
KVUE	C	0.16%
CHD	D	0.16%
SEB	F	0.16%
KDP	C	0.16%
BG	F	0.16%
POST	C	0.16%
USFD	C	0.16%
SYY	D	0.16%
FLO	D	0.16%
INGR	B	0.16%
GIS	C	0.16%
COKE	C	0.16%
LAMR	C	0.15%
HHH	C	0.15%
HST	D	0.15%
JLL	C	0.15%
MPW	C	0.15%
SEG	F	0.15%
WY	C	0.15%
PK	D	0.15%
VNO	B	0.15%
MCK	F	0.15%
REG	C	0.14%
UDR	C	0.14%
INVH	D	0.14%
KIM	C	0.14%
AMT	D	0.14%
GLPI	C	0.14%
CCI	D	0.14%
VTR	C	0.14%
FRT	D	0.14%
ADC	C	0.14%
VICI	C	0.14%
CUBE	C	0.14%
WELL	C	0.14%
COLD	D	0.14%
ARE	D	0.14%
OHI	C	0.14%
NSA	D	0.14%
SBAC	C	0.14%
NNN	C	0.14%
BRX	C	0.14%
STAG	D	0.14%
EXR	D	0.14%
IRM	B	0.14%
DLR	C	0.14%
CPT	C	0.14%
O	C	0.14%
CUZ	C	0.14%
FR	D	0.14%
DOC	C	0.14%
WPC	C	0.14%
HIW	C	0.14%
EGP	D	0.14%
EQIX	C	0.14%
EPR	C	0.14%
REXR	D	0.14%
RYN	C	0.14%
SPG	A	0.14%
BXP	B	0.14%
SUI	D	0.13%
ELS	D	0.13%
AMH	D	0.13%
ESS	D	0.13%
MAA	D	0.13%
MASI	B	0.1%
TMO	D	0.09%
HSIC	D	0.09%
CTLT	A	0.09%
ALNY	C	0.09%
AZTA	F	0.09%
DHR	D	0.09%
BMY	A	0.09%
CHE	D	0.09%
TECH	D	0.09%
EHC	C	0.09%
BRKR	D	0.09%
NVST	D	0.09%
CERT	F	0.09%
GEHC	C	0.09%
ALGN	D	0.09%
DOCS	A	0.09%
ITCI	D	0.08%
COHR	B	0.08%
ELV	F	0.08%
APP	A	0.08%
RARE	D	0.08%
MRNA	F	0.08%
OGN	F	0.08%
LSCC	D	0.08%
NBIX	F	0.08%
MU	D	0.08%
INTC	D	0.08%
IONS	F	0.08%
PRGO	F	0.08%
PEN	D	0.08%
SRPT	F	0.08%
MEDP	F	0.08%
FTRE	F	0.08%
ISRG	C	0.08%
STE	D	0.08%
WOLF	F	0.08%
AVTR	D	0.08%
DXCM	F	0.08%
CI	D	0.08%
EXAS	C	0.08%
VKTX	C	0.08%
VTRS	D	0.08%
BIIB	F	0.08%
HUM	F	0.08%
IQV	F	0.08%
MRK	F	0.08%
EXEL	B	0.08%
BAX	D	0.08%
AMGN	D	0.08%
MDT	C	0.08%
UHS	D	0.08%
INSP	C	0.08%
ELAN	D	0.08%
CNC	F	0.08%
PFE	D	0.08%
DGX	D	0.08%
CAH	B	0.08%
SYK	C	0.08%
GMED	B	0.08%
RCM	B	0.08%
ABBV	C	0.08%
ABT	C	0.08%
NTRA	A	0.08%
AMED	D	0.08%
HOLX	D	0.08%
INCY	B	0.08%
TXG	F	0.08%
GILD	A	0.08%
PODD	C	0.08%
ENOV	F	0.08%
RPRX	D	0.08%
XRAY	D	0.08%
SHC	C	0.08%
TFX	C	0.08%
CRL	F	0.08%
BDX	C	0.08%
QGEN	F	0.08%
RGEN	F	0.08%
ZBH	F	0.08%
HCA	C	0.08%
ILMN	B	0.08%
BIO	B	0.08%
BSX	A	0.08%
THC	D	0.08%
DVA	C	0.08%
MSTR	B	0.08%
JAZZ	F	0.08%
PINC	F	0.08%
CDW	D	0.07%
MSCI	B	0.07%
RLI	A	0.07%
CAR	D	0.07%
FNF	C	0.07%
PNC	C	0.07%
MTG	A	0.07%
HBAN	B	0.07%
KEY	B	0.07%
FTNT	A	0.07%
GS	B	0.07%
BSY	D	0.07%
CB	A	0.07%
BOKF	B	0.07%
APLS	F	0.07%
LDOS	A	0.07%
DDOG	B	0.07%
KBR	A	0.07%
RJF	B	0.07%
PFG	A	0.07%
DBX	C	0.07%
IBM	A	0.07%
DFS	A	0.07%
EPAM	F	0.07%
TOST	B	0.07%
ZM	B	0.07%
ORCL	A	0.07%
RYAN	A	0.07%
APPF	C	0.07%
BK	A	0.07%
ON	F	0.07%
ADI	B	0.07%
DT	B	0.07%
ESTC	F	0.07%
GWRE	A	0.07%
PRI	A	0.07%
HLI	A	0.07%
AVGO	B	0.07%
TER	C	0.07%
FITB	C	0.07%
SCHW	D	0.07%
NTRS	B	0.07%
CNA	D	0.07%
MORN	B	0.07%
AIZ	B	0.07%
HOOD	B	0.07%
CMA	C	0.07%
W	C	0.07%
PLTR	A	0.07%
PNFP	B	0.07%
RF	B	0.07%
CRBG	B	0.07%
MCHP	F	0.07%
BRO	A	0.07%
ENTG	D	0.07%
AXS	A	0.07%
ACHC	F	0.07%
ADSK	B	0.07%
OMF	D	0.07%
FFIV	B	0.07%
BEN	F	0.07%
BX	C	0.07%
WYNN	B	0.07%
MTB	A	0.07%
JEF	A	0.07%
HPQ	B	0.07%
BRK.A	B	0.07%
CACC	F	0.07%
TRV	B	0.07%
IT	A	0.07%
PATH	D	0.07%
DELL	C	0.07%
ALLY	F	0.07%
GLW	C	0.07%
DOX	B	0.07%
SOFI	C	0.07%
CTSH	B	0.07%
NCNO	F	0.07%
EQH	B	0.07%
STT	A	0.07%
ZION	D	0.07%
GDDY	B	0.07%
SNX	C	0.07%
LVS	B	0.07%
WTW	C	0.07%
HIG	A	0.07%
LNC	B	0.07%
MTCH	B	0.07%
AKAM	D	0.07%
TPG	A	0.07%
PEGA	B	0.07%
DLB	D	0.07%
CFR	B	0.07%
UNM	A	0.07%
RNG	F	0.07%
PSN	A	0.07%
JHG	A	0.07%
PCOR	D	0.07%
S	C	0.07%
C	B	0.07%
AVT	B	0.07%
WBS	D	0.07%
HUBS	D	0.07%
AMG	B	0.07%
CRM	B	0.07%
WTFC	B	0.07%
ARW	C	0.07%
AMD	C	0.07%
EVR	C	0.07%
WFC	B	0.07%
TDC	D	0.07%
DASH	A	0.07%
SMAR	A	0.07%
IBKR	A	0.07%
WAL	C	0.07%
WDC	C	0.07%
EWBC	B	0.07%
RH	C	0.07%
CACI	A	0.07%
MTSI	B	0.07%
TW	A	0.07%
CLVT	D	0.07%
SF	A	0.07%
SLM	B	0.07%
PINS	D	0.07%
USB	C	0.07%
COLB	C	0.07%
CRWD	D	0.07%
MET	A	0.07%
ONTO	B	0.07%
IAC	C	0.07%
ARES	A	0.07%
DOCU	A	0.07%
APO	A	0.07%
OWL	A	0.07%
IVZ	A	0.07%
CG	B	0.07%
VRT	B	0.07%
RNR	A	0.07%
KKR	A	0.07%
ALGM	F	0.07%
TWLO	B	0.07%
IPGP	D	0.07%
REGN	D	0.07%
JBL	C	0.07%
COIN	F	0.07%
HPE	B	0.07%
U	D	0.07%
DPZ	D	0.06%
MSGS	A	0.06%
MAT	B	0.06%
BIRK	F	0.06%
COTY	F	0.06%
PVH	D	0.06%
VAC	D	0.06%
TTD	A	0.06%
TOL	C	0.06%
YETI	C	0.06%
HD	A	0.06%
AN	D	0.06%
KSS	D	0.06%
PLTK	C	0.06%
DIS	D	0.06%
GNTX	D	0.06%
DLTR	F	0.06%
TPX	C	0.06%
TXRH	A	0.06%
LEA	F	0.06%
ARMK	C	0.06%
BYD	B	0.06%
ABNB	D	0.06%
SITE	D	0.06%
MAR	A	0.06%
MDB	D	0.06%
CCL	C	0.06%
TNL	B	0.06%
GME	D	0.06%
DJT	F	0.06%
MGM	D	0.06%
ETSY	F	0.06%
TPR	B	0.06%
LYFT	D	0.06%
TRIP	D	0.06%
APTV	D	0.06%
MRVL	C	0.06%
NWL	D	0.06%
UBER	C	0.06%
CRUS	D	0.06%
LOW	C	0.06%
SPOT	C	0.06%
RL	B	0.06%
LYV	A	0.06%
FND	C	0.06%
CPNG	C	0.06%
RCL	B	0.06%
HOG	D	0.06%
TKO	A	0.06%
UAL	A	0.06%
CROX	C	0.06%
EXPE	B	0.06%
HAS	A	0.06%
LEG	D	0.06%
WBD	F	0.06%
TSLA	C	0.06%
VFC	A	0.06%
OLED	B	0.06%
AIG	C	0.06%
CHH	A	0.06%
ROP	D	0.06%
UWMC	D	0.06%
CZR	B	0.06%
WHR	C	0.06%
ANSS	D	0.06%
GTLB	D	0.06%
BWA	C	0.06%
INTU	F	0.06%
THO	C	0.06%
NU	D	0.06%
UHAL	C	0.06%
NCLH	C	0.06%
DAL	C	0.06%
HCP	A	0.06%
WDAY	D	0.06%
XP	F	0.06%
AGO	B	0.06%
MKL	B	0.06%
TEAM	D	0.06%
FOXA	B	0.06%
NTNX	C	0.06%
QRVO	F	0.06%
DV	F	0.06%
SWKS	F	0.06%
INFA	D	0.06%
EL	D	0.06%
DDS	D	0.06%
BBWI	F	0.06%
L	C	0.06%
KMPR	D	0.06%
TYL	D	0.06%
CBSH	D	0.06%
PRU	B	0.06%
NET	D	0.06%
ICE	A	0.06%
SPGI	C	0.06%
RGA	B	0.06%
BHF	D	0.06%
PTC	B	0.06%
NOW	B	0.06%
TFSL	D	0.06%
EG	A	0.06%
WTM	C	0.06%
PB	D	0.06%
DXC	C	0.06%
VIRT	B	0.06%
GLOB	D	0.06%
SSNC	C	0.06%
PYCR	D	0.06%
VRSN	C	0.06%
AON	A	0.06%
CVNA	A	0.06%
KD	D	0.06%
OKTA	F	0.06%
NDAQ	C	0.06%
SNOW	F	0.06%
WRB	C	0.06%
SNV	D	0.06%
DUOL	B	0.06%
AJG	C	0.06%
CINF	A	0.06%
FHB	D	0.06%
UAA	B	0.06%
PGR	B	0.06%
DNB	D	0.06%
JPM	C	0.06%
BR	B	0.06%
THG	A	0.06%
CFLT	F	0.06%
KNSL	B	0.06%
RKT	D	0.06%
FHN	D	0.06%
FAF	C	0.06%
ALL	A	0.06%
FCNCA	D	0.06%
SAIC	A	0.06%
BAC	B	0.06%
MS	A	0.06%
PSTG	F	0.06%
DAY	C	0.06%
FNB	D	0.06%
LAD	C	0.06%
GFS	F	0.06%
BPOP	D	0.06%
ZI	F	0.06%
GL	C	0.06%
TFC	D	0.06%
PANW	B	0.06%
ZS	F	0.06%
BMRN	F	0.06%
AGNC	B	0.06%
ORI	A	0.06%
STWD	C	0.06%
VOYA	A	0.06%
OZK	D	0.06%
FIVN	F	0.06%
CFG	C	0.06%
AMKR	F	0.06%
DCI	B	0.05%
EFX	D	0.05%
CSX	D	0.05%
LSTR	F	0.05%
AFRM	C	0.05%
APG	F	0.05%
SPR	D	0.05%
LHX	A	0.05%
BAH	C	0.05%
DOV	C	0.05%
IR	A	0.05%
LNW	F	0.05%
IEX	D	0.05%
KEX	C	0.05%
RHI	D	0.05%
FDX	F	0.05%
XPO	F	0.05%
CSL	A	0.05%
G	A	0.05%
HII	F	0.05%
VMI	B	0.05%
SQ	D	0.05%
FLS	A	0.05%
TDG	A	0.05%
VSTS	D	0.05%
NOC	B	0.05%
SNA	C	0.05%
CPAY	A	0.05%
WWD	C	0.05%
GPK	D	0.05%
COF	A	0.05%
OTIS	A	0.05%
MKSI	F	0.05%
FI	A	0.05%
MSA	F	0.05%
PWR	A	0.05%
AXTA	C	0.05%
XYL	C	0.05%
FCN	C	0.05%
AXON	A	0.05%
FTV	C	0.05%
UNP	F	0.05%
FIS	A	0.05%
MDU	C	0.05%
EEFT	F	0.05%
PCAR	D	0.05%
FICO	C	0.05%
ALLE	A	0.05%
LCID	F	0.05%
SAIA	D	0.05%
ATR	A	0.05%
GXO	D	0.05%
GTES	C	0.05%
DE	C	0.05%
NSC	C	0.05%
CHDN	C	0.05%
AYI	A	0.05%
SNDR	D	0.05%
CR	A	0.05%
TTC	F	0.05%
VNT	F	0.05%
UPS	D	0.05%
MSM	D	0.05%
SYF	A	0.05%
TRMB	B	0.05%
MLM	F	0.05%
TTEK	A	0.05%
RPM	A	0.05%
CCK	C	0.05%
CGNX	F	0.05%
ESAB	C	0.05%
JBHT	D	0.05%
HWM	A	0.05%
LII	C	0.05%
CNH	C	0.05%
NWSA	D	0.05%
BALL	C	0.05%
TTWO	D	0.05%
MHK	C	0.05%
TRU	C	0.05%
MAS	C	0.05%
TREX	D	0.05%
VMC	D	0.05%
SSD	B	0.05%
DD	C	0.05%
BILL	D	0.05%
OLLI	C	0.05%
MTZ	A	0.05%
GE	B	0.05%
GNRC	B	0.05%
MIDD	D	0.05%
CARR	A	0.05%
PNR	C	0.05%
WAB	A	0.05%
NDSN	C	0.05%
GPC	D	0.05%
BERY	C	0.05%
JCI	C	0.05%
TDY	A	0.05%
AL	D	0.05%
MTD	C	0.05%
BROS	F	0.05%
PH	A	0.05%
EMR	B	0.05%
EXP	C	0.05%
MTN	D	0.05%
OC	C	0.05%
TT	A	0.05%
LFUS	C	0.05%
KNX	D	0.05%
COLM	B	0.05%
ETN	B	0.05%
ST	F	0.05%
AMZN	C	0.05%
BURL	C	0.05%
WING	C	0.05%
RTX	A	0.05%
AWI	A	0.05%
HEI	C	0.05%
BC	C	0.05%
AMCR	C	0.05%
HUBB	A	0.05%
ITT	C	0.05%
RBLX	D	0.05%
LECO	D	0.05%
DOW	B	0.05%
CPRT	B	0.05%
HAYW	C	0.05%
CNXC	F	0.05%
NVT	C	0.05%
ACM	A	0.05%
RBA	D	0.05%
AZEK	D	0.05%
AGCO	D	0.05%
AAL	D	0.05%
ROST	D	0.05%
WCC	D	0.05%
SLGN	B	0.05%
SBUX	B	0.05%
SEE	C	0.05%
ELF	F	0.05%
BLDR	C	0.05%
CRI	D	0.05%
BLD	D	0.05%
PYPL	A	0.05%
WMS	D	0.05%
CMI	A	0.05%
BWXT	A	0.05%
J	F	0.05%
BFAM	C	0.05%
CW	A	0.05%
MUSA	D	0.05%
YUM	C	0.05%
DKS	D	0.05%
AXP	A	0.05%
ALSN	A	0.05%
SWK	C	0.05%
JWN	D	0.05%
SW	C	0.05%
ORLY	A	0.05%
PCTY	C	0.05%
FIVE	D	0.05%
RRX	B	0.05%
WMT	A	0.05%
LUV	B	0.05%
H	B	0.05%
CPRI	C	0.05%
GM	D	0.05%
EBAY	A	0.05%
R	C	0.05%
HRB	C	0.05%
FIX	A	0.05%
F	D	0.05%
URI	C	0.05%
BJ	B	0.05%
LKQ	F	0.05%
AAON	A	0.05%
CNM	F	0.05%
LOPE	D	0.05%
NXST	D	0.05%
PARA	F	0.05%
HLT	A	0.05%
ATI	C	0.05%
PAG	D	0.05%
BKNG	B	0.05%
DRI	C	0.05%
GEV	A	0.05%
LEN	C	0.05%
TGT	C	0.05%
AZO	D	0.05%
WEN	B	0.05%
SKX	B	0.05%
KMX	F	0.05%
WEX	C	0.05%
ALK	C	0.05%
QS	F	0.05%
SCI	D	0.05%
M	D	0.05%
MCD	A	0.05%
SN	A	0.05%
LPX	C	0.05%
CHRW	C	0.05%
GAP	F	0.05%
VVV	D	0.05%
ZBRA	B	0.05%
PII	D	0.05%
FOUR	A	0.05%
DKNG	C	0.05%
AAP	F	0.05%
DG	F	0.05%
PLNT	B	0.05%
PENN	D	0.05%
NYT	C	0.05%
WH	C	0.05%
SON	D	0.04%
HON	C	0.04%
GPN	F	0.04%
WSC	D	0.04%
VRSK	D	0.04%
WU	D	0.04%
GD	C	0.04%
RIVN	F	0.04%
OSK	F	0.04%
BA	F	0.04%
ADTN	C	0.04%
TXT	F	0.04%
CXT	F	0.04%
AME	C	0.04%
MAN	D	0.04%

EQAL Underweight 3 Positions Relative to QUAL

Symbol	Grade	Weight
GOOG	B	-1.48%
FERG	F	-0.28%
ERIE	A	-0.11%