EQAL vs. VCIT ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Vanguard Intermediate-Term Corporate Bond ETF (VCIT)

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

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VCIT Description

The investment seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 5 and 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$82.80

Average Daily Volume

6,473,764

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	VCIT
30 Days	4.22%	0.07%
60 Days	10.48%	1.53%
90 Days	9.91%	4.01%
12 Months	28.06%	15.23%

424 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in VCIT	Overlap
A	B	0.09%	0.02%	0.02%
AAL	D	0.05%	0.01%	0.01%
AAP	F	0.05%	0.01%	0.01%
AAPL	C	0.07%	0.01%	0.01%
ABBV	C	0.08%	0.13%	0.08%
ABT	C	0.08%	0.02%	0.02%
ACGL	A	0.07%	0.03%	0.03%
ADBE	F	0.06%	0.05%	0.05%
ADC	C	0.14%	0.01%	0.01%
ADI	B	0.07%	0.04%	0.04%
ADM	F	0.16%	0.05%	0.05%
ADP	A	0.05%	0.04%	0.04%
ADSK	B	0.07%	0.03%	0.03%
AEE	A	0.21%	0.01%	0.01%
AEP	C	0.2%	0.01%	0.01%
AES	C	0.22%	0.02%	0.02%
AFG	A	0.06%	0.02%	0.02%
AFL	A	0.06%	0.01%	0.01%
AGO	B	0.06%	0.03%	0.03%
AGR	C	0.2%	0.04%	0.04%
AIG	C	0.06%	0.02%	0.02%
AIZ	B	0.07%	0.02%	0.02%
AL	D	0.05%	0.01%	0.01%
ALL	A	0.06%	0.02%	0.02%
ALLE	A	0.05%	0.02%	0.02%
AMAT	C	0.07%	0.04%	0.04%
AMCR	C	0.05%	0.01%	0.01%
AMG	B	0.07%	0.04%	0.04%
AMGN	D	0.08%	0.01%	0.01%
AMH	D	0.13%	0.02%	0.02%
AMT	D	0.14%	0.03%	0.03%
AMZN	C	0.05%	0.09%	0.05%
AN	D	0.06%	0.02%	0.02%
AON	A	0.06%	0.01%	0.01%
APD	C	0.26%	0.02%	0.02%
APH	D	0.06%	0.02%	0.02%
APTV	D	0.06%	0.01%	0.01%
ARE	D	0.14%	0.01%	0.01%
ARW	C	0.07%	0.03%	0.03%
ATO	A	0.21%	0.02%	0.02%
AVB	C	0.14%	0.02%	0.02%
AVGO	B	0.07%	0.01%	0.01%
AVT	B	0.07%	0.02%	0.02%
AVY	D	0.25%	0.02%	0.02%
AWK	D	0.2%	0.02%	0.02%
AXP	A	0.05%	0.11%	0.05%
AXS	A	0.07%	0.01%	0.01%
AYI	A	0.05%	0.03%	0.03%
AZO	D	0.05%	0.03%	0.03%
BA	F	0.04%	0.03%	0.03%
BAC	B	0.06%	0.01%	0.01%
BAX	D	0.08%	0.02%	0.02%
BBY	C	0.05%	0.02%	0.02%
BC	C	0.05%	0.03%	0.03%
BDX	C	0.08%	0.03%	0.03%
BEN	F	0.07%	0.04%	0.04%
BERY	C	0.05%	0.03%	0.03%
BG	F	0.16%	0.03%	0.03%
BHF	D	0.06%	0.05%	0.05%
BIIB	F	0.08%	0.07%	0.07%
BK	A	0.07%	0.01%	0.01%
BKNG	B	0.05%	0.03%	0.03%
BLK	A	0.07%	0.04%	0.04%
BMY	A	0.09%	0.03%	0.03%
BR	B	0.06%	0.04%	0.04%
BRO	A	0.07%	0.02%	0.02%
BRX	C	0.14%	0.01%	0.01%
BSX	A	0.08%	0.01%	0.01%
BWA	C	0.06%	0.01%	0.01%
BXP	B	0.14%	0.02%	0.02%
C	B	0.07%	0.02%	0.02%
CAG	D	0.17%	0.01%	0.01%
CAH	B	0.08%	0.05%	0.05%
CARR	A	0.05%	0.04%	0.04%
CAT	A	0.05%	0.02%	0.02%
CB	A	0.07%	0.01%	0.01%
CBOE	B	0.06%	0.02%	0.02%
CCI	D	0.14%	0.03%	0.03%
CE	D	0.28%	0.02%	0.02%
CFG	C	0.06%	0.03%	0.03%
CHD	D	0.16%	0.02%	0.02%
CHH	A	0.06%	0.01%	0.01%
CHRW	C	0.05%	0.03%	0.03%
CHTR	D	0.49%	0.06%	0.06%
CI	D	0.08%	0.02%	0.02%
CINF	A	0.06%	0.02%	0.02%
CLX	C	0.16%	0.01%	0.01%
CMA	C	0.07%	0.03%	0.03%
CMCSA	B	0.54%	0.02%	0.02%
CME	A	0.07%	0.03%	0.03%
CMI	A	0.05%	0.04%	0.04%
CMS	A	0.21%	0.02%	0.02%
CNA	D	0.07%	0.01%	0.01%
CNH	C	0.05%	0.04%	0.04%
CNP	B	0.21%	0.02%	0.02%
COF	A	0.05%	0.03%	0.03%
COP	D	0.21%	0.01%	0.01%
COST	C	0.05%	0.07%	0.05%
CPB	D	0.16%	0.03%	0.03%
CPT	C	0.14%	0.02%	0.02%
CRM	B	0.07%	0.07%	0.07%
CSL	A	0.05%	0.03%	0.03%
CSX	D	0.05%	0.02%	0.02%
CTAS	C	0.05%	0.05%	0.05%
CTVA	A	0.17%	0.02%	0.02%
CUBE	C	0.14%	0.01%	0.01%
CVS	D	0.17%	0.02%	0.02%
CVX	B	0.21%	0.01%	0.01%
D	A	0.2%	0.01%	0.01%
DAL	C	0.06%	0.03%	0.03%
DD	C	0.05%	0.1%	0.05%
DE	C	0.05%	0.01%	0.01%
DELL	C	0.07%	0.04%	0.04%
DFS	A	0.07%	0.01%	0.01%
DG	F	0.05%	0.03%	0.03%
DGX	D	0.08%	0.01%	0.01%
DHI	C	0.05%	0.02%	0.02%
DHR	D	0.09%	0.04%	0.04%
DIS	D	0.06%	0.03%	0.03%
DLR	C	0.14%	0.03%	0.03%
DLTR	F	0.06%	0.07%	0.06%
DOC	C	0.14%	0.01%	0.01%
DOV	C	0.05%	0.02%	0.02%
DOW	B	0.05%	0.01%	0.01%
DOX	B	0.07%	0.03%	0.03%
DRI	C	0.05%	0.02%	0.02%
DT	B	0.07%	0.28%	0.07%
DTE	B	0.21%	0.01%	0.01%
DUK	C	0.2%	0.01%	0.01%
DVN	F	0.2%	0.01%	0.01%
DXC	C	0.06%	0.03%	0.03%
EA	D	0.05%	0.04%	0.04%
EBAY	A	0.05%	0.04%	0.04%
ECL	C	0.25%	0.01%	0.01%
ED	C	0.2%	0.01%	0.01%
EFX	D	0.05%	0.03%	0.03%
EIX	C	0.21%	0.01%	0.01%
EL	D	0.06%	0.02%	0.02%
EMN	C	0.27%	0.03%	0.03%
EMR	B	0.05%	0.01%	0.01%
EOG	B	0.21%	0.05%	0.05%
EPR	C	0.14%	0.02%	0.02%
EQH	B	0.07%	0.01%	0.01%
EQIX	C	0.14%	0.02%	0.02%
EQR	C	0.13%	0.02%	0.02%
ES	D	0.2%	0.01%	0.01%
ESS	D	0.13%	0.01%	0.01%
ETN	B	0.05%	0.03%	0.03%
ETR	A	0.22%	0.01%	0.01%
EVRG	C	0.21%	0.01%	0.01%
EW	F	0.08%	0.03%	0.03%
EXC	C	0.21%	0.01%	0.01%
EXP	C	0.05%	0.04%	0.04%
EXPE	B	0.06%	0.05%	0.05%
EXR	D	0.14%	0.02%	0.02%
FAF	C	0.06%	0.03%	0.03%
FANG	D	0.2%	0.04%	0.04%
FDX	F	0.05%	0.02%	0.02%
FHN	D	0.06%	0.03%	0.03%
FIS	A	0.05%	0.03%	0.03%
FITB	C	0.07%	0.03%	0.03%
FLO	D	0.16%	0.01%	0.01%
FLS	A	0.05%	0.03%	0.03%
FMC	C	0.26%	0.03%	0.03%
FNF	C	0.07%	0.02%	0.02%
FOXA	B	0.06%	0.03%	0.03%
FRT	D	0.14%	0.02%	0.02%
FTNT	A	0.07%	0.02%	0.02%
GD	C	0.04%	0.01%	0.01%
GE	B	0.05%	0.04%	0.04%
GILD	A	0.08%	0.01%	0.01%
GIS	C	0.16%	0.04%	0.04%
GL	C	0.06%	0.02%	0.02%
GLPI	C	0.14%	0.03%	0.03%
GM	D	0.05%	0.02%	0.02%
GOOGL	B	0.07%	0.04%	0.04%
GPC	D	0.05%	0.02%	0.02%
GPN	F	0.04%	0.02%	0.02%
GS	B	0.07%	0.05%	0.05%
GXO	D	0.05%	0.02%	0.02%
H	B	0.05%	0.02%	0.02%
HAL	D	0.21%	0.06%	0.06%
HAS	A	0.06%	0.01%	0.01%
HBAN	B	0.07%	0.02%	0.02%
HCA	C	0.08%	0.05%	0.05%
HD	A	0.06%	0.03%	0.03%
HES	D	0.21%	0.02%	0.02%
HIG	A	0.07%	0.03%	0.03%
HII	F	0.05%	0.01%	0.01%
HIW	C	0.14%	0.01%	0.01%
HON	C	0.04%	0.01%	0.01%
HPQ	B	0.07%	0.04%	0.04%
HRB	C	0.05%	0.03%	0.03%
HRL	F	0.16%	0.01%	0.01%
HST	D	0.15%	0.03%	0.03%
HSY	D	0.16%	0.01%	0.01%
HUBB	A	0.05%	0.01%	0.01%
HUM	F	0.08%	0.01%	0.01%
HUN	B	0.27%	0.02%	0.02%
IBM	A	0.07%	0.01%	0.01%
ICE	A	0.06%	0.03%	0.03%
IEX	D	0.05%	0.05%	0.05%
IFF	D	0.25%	0.02%	0.02%
ILMN	B	0.08%	0.03%	0.03%
INGR	B	0.16%	0.03%	0.03%
INTC	D	0.08%	0.05%	0.05%
INTU	F	0.06%	0.02%	0.02%
INVH	D	0.14%	0.04%	0.04%
IPG	D	0.05%	0.02%	0.02%
ITW	C	0.05%	0.04%	0.04%
JBL	C	0.07%	0.03%	0.03%
JCI	C	0.05%	0.02%	0.02%
JEF	A	0.07%	0.02%	0.02%
JNJ	D	0.08%	0.01%	0.01%
JNPR	C	0.52%	0.03%	0.03%
JPM	C	0.06%	0.01%	0.01%
K	B	0.16%	0.02%	0.02%
KDP	C	0.16%	0.03%	0.03%
KEX	C	0.05%	0.03%	0.03%
KEY	B	0.07%	0.02%	0.02%
KEYS	B	0.05%	0.03%	0.03%
KIM	C	0.14%	0.02%	0.02%
KLAC	B	0.07%	0.04%	0.04%
KMB	D	0.16%	0.02%	0.02%
KMI	A	0.22%	0.01%	0.01%
KMPR	D	0.06%	0.01%	0.01%
KO	C	0.16%	0.01%	0.01%
KR	C	0.17%	0.01%	0.01%
KRC	C	0.16%	0.02%	0.02%
KSS	D	0.06%	0.03%	0.03%
L	C	0.06%	0.04%	0.04%
LDOS	A	0.07%	0.05%	0.05%
LEA	F	0.06%	0.02%	0.02%
LEG	D	0.06%	0.02%	0.02%
LEN	C	0.05%	0.01%	0.01%
LHX	A	0.05%	0.01%	0.01%
LII	C	0.05%	0.02%	0.02%
LIN	C	0.25%	0.03%	0.03%
LLY	D	0.08%	0.03%	0.03%
LMT	A	0.05%	0.04%	0.04%
LNC	B	0.07%	0.02%	0.02%
LNT	B	0.21%	0.01%	0.01%
LOW	C	0.06%	0.01%	0.01%
LRCX	D	0.07%	0.04%	0.04%
LUV	B	0.05%	0.01%	0.01%
LVS	B	0.07%	0.04%	0.04%
LYB	B	0.25%	0.03%	0.03%
MA	A	0.05%	0.03%	0.03%
MAA	D	0.13%	0.01%	0.01%
MAR	A	0.06%	0.01%	0.01%
MAS	C	0.05%	0.02%	0.02%
MCD	A	0.05%	0.01%	0.01%
MCO	D	0.06%	0.02%	0.02%
MDLZ	D	0.16%	0.02%	0.02%
MDT	C	0.08%	0.02%	0.02%
MET	A	0.07%	0.07%	0.07%
MHK	C	0.05%	0.02%	0.02%
MKC	C	0.16%	0.01%	0.01%
MKL	B	0.06%	0.01%	0.01%
MLM	F	0.05%	0.01%	0.01%
MMC	D	0.06%	0.04%	0.04%
MMM	C	0.05%	0.02%	0.02%
MO	D	0.16%	0.02%	0.02%
MOS	F	0.26%	0.04%	0.04%
MPC	D	0.21%	0.04%	0.04%
MRK	F	0.08%	0.06%	0.06%
MRO	B	0.21%	0.05%	0.05%
MRVL	C	0.06%	0.03%	0.03%
MS	A	0.06%	0.01%	0.01%
MSFT	D	0.06%	0.23%	0.06%
MSI	A	0.52%	0.02%	0.02%
MTB	A	0.07%	0.04%	0.04%
MU	D	0.08%	0.03%	0.03%
NDAQ	C	0.06%	0.03%	0.03%
NEE	C	0.21%	0.01%	0.01%
NEM	C	0.25%	0.05%	0.05%
NEU	F	0.24%	0.01%	0.01%
NFG	A	0.21%	0.01%	0.01%
NI	A	0.21%	0.03%	0.03%
NKE	D	0.06%	0.04%	0.04%
NNN	C	0.14%	0.01%	0.01%
NOC	B	0.05%	0.02%	0.02%
NOV	F	0.2%	0.02%	0.02%
NOW	B	0.06%	0.07%	0.06%
NSC	C	0.05%	0.01%	0.01%
NTAP	D	0.07%	0.03%	0.03%
NTRS	B	0.07%	0.02%	0.02%
NUE	D	0.26%	0.02%	0.02%
NVDA	B	0.06%	0.06%	0.06%
NVR	C	0.06%	0.05%	0.05%
NVT	C	0.05%	0.02%	0.02%
O	C	0.14%	0.03%	0.03%
OC	C	0.05%	0.02%	0.02%
OGE	C	0.21%	0.01%	0.01%
OHI	C	0.14%	0.01%	0.01%
OKE	A	0.2%	0.01%	0.01%
OMC	C	0.06%	0.03%	0.03%
ORCL	A	0.07%	0.02%	0.02%
ORLY	A	0.05%	0.01%	0.01%
OSK	F	0.04%	0.02%	0.02%
OTIS	A	0.05%	0.04%	0.04%
PCG	C	0.2%	0.01%	0.01%
PEG	A	0.21%	0.01%	0.01%
PEP	F	0.16%	0.02%	0.02%
PFE	D	0.08%	0.03%	0.03%
PFG	A	0.07%	0.02%	0.02%
PG	D	0.16%	0.04%	0.04%
PGR	B	0.06%	0.01%	0.01%
PH	A	0.05%	0.05%	0.05%
PHM	C	0.06%	0.03%	0.03%
PKG	B	0.05%	0.02%	0.02%
PLD	D	0.14%	0.01%	0.01%
PM	D	0.16%	0.02%	0.02%
PNC	C	0.07%	0.01%	0.01%
PNR	C	0.05%	0.01%	0.01%
PNW	C	0.2%	0.01%	0.01%
PPG	D	0.05%	0.02%	0.02%
PRU	B	0.06%	0.02%	0.02%
PSA	C	0.14%	0.01%	0.01%
PSX	D	0.21%	0.04%	0.04%
PWR	A	0.05%	0.05%	0.05%
PYPL	A	0.05%	0.05%	0.05%
QCOM	D	0.06%	0.05%	0.05%
QRVO	F	0.06%	0.05%	0.05%
R	C	0.05%	0.02%	0.02%
REG	C	0.14%	0.02%	0.02%
REGN	D	0.07%	0.06%	0.06%
REXR	D	0.14%	0.01%	0.01%
RF	B	0.07%	0.03%	0.03%
RGA	B	0.06%	0.03%	0.03%
RJF	B	0.07%	0.07%	0.07%
RL	B	0.06%	0.03%	0.03%
RNR	A	0.07%	0.01%	0.01%
ROK	D	0.05%	0.01%	0.01%
ROP	D	0.06%	0.03%	0.03%
ROST	D	0.05%	0.02%	0.02%
RPM	A	0.05%	0.03%	0.03%
RPRX	D	0.08%	0.02%	0.02%
RS	D	0.26%	0.02%	0.02%
RSG	D	0.2%	0.01%	0.01%
RTX	A	0.05%	0.01%	0.01%
RYN	C	0.14%	0.02%	0.02%
SBUX	B	0.05%	0.02%	0.02%
SCHW	D	0.07%	0.01%	0.01%
SF	A	0.07%	0.02%	0.02%
SHW	C	0.05%	0.02%	0.02%
SJM	D	0.17%	0.03%	0.03%
SLB	D	0.22%	0.05%	0.05%
SNA	C	0.05%	0.01%	0.01%
SNX	C	0.07%	0.03%	0.03%
SO	A	0.21%	0.02%	0.02%
SON	D	0.04%	0.03%	0.03%
SPG	A	0.14%	0.01%	0.01%
SPGI	C	0.06%	0.02%	0.02%
SRE	C	0.21%	0.03%	0.03%
STE	D	0.08%	0.05%	0.05%
STLD	C	0.28%	0.02%	0.02%
STT	A	0.07%	0.01%	0.01%
STZ	D	0.17%	0.02%	0.02%
SUI	D	0.13%	0.01%	0.01%
SWK	C	0.05%	0.03%	0.03%
SWKS	F	0.06%	0.03%	0.03%
SYF	A	0.05%	0.03%	0.03%
SYK	C	0.08%	0.02%	0.02%
SYY	D	0.16%	0.05%	0.05%
T	B	0.52%	0.05%	0.05%
TDY	A	0.05%	0.03%	0.03%
TFC	D	0.06%	0.02%	0.02%
TGT	C	0.05%	0.02%	0.02%
THG	A	0.06%	0.01%	0.01%
TJX	D	0.05%	0.01%	0.01%
TKR	B	0.26%	0.02%	0.02%
TMO	D	0.09%	0.03%	0.03%
TMUS	A	0.52%	0.09%	0.09%
TRMB	B	0.05%	0.03%	0.03%
TSCO	A	0.05%	0.03%	0.03%
TSN	D	0.16%	0.06%	0.06%
TT	A	0.05%	0.03%	0.03%
TXN	C	0.06%	0.02%	0.02%
TXT	F	0.04%	0.01%	0.01%
UAL	A	0.06%	0.01%	0.01%
UDR	C	0.14%	0.01%	0.01%
UHS	D	0.08%	0.04%	0.04%
UNH	B	0.08%	0.01%	0.01%
UNM	A	0.07%	0.02%	0.02%
UNP	F	0.05%	0.02%	0.02%
UPS	D	0.05%	0.03%	0.03%
URI	C	0.05%	0.04%	0.04%
USB	C	0.07%	0.01%	0.01%
V	B	0.04%	0.03%	0.03%
VFC	A	0.06%	0.03%	0.03%
VLO	F	0.21%	0.03%	0.03%
VMC	D	0.05%	0.02%	0.02%
VNO	B	0.15%	0.02%	0.02%
VNT	F	0.05%	0.03%	0.03%
VOYA	A	0.06%	0.02%	0.02%
VRSK	D	0.04%	0.06%	0.04%
VRSN	C	0.06%	0.04%	0.04%
VTR	C	0.14%	0.02%	0.02%
VTRS	D	0.08%	0.04%	0.04%
VZ	C	0.53%	0.04%	0.04%
WAB	A	0.05%	0.04%	0.04%
WBA	F	0.17%	0.02%	0.02%
WBS	D	0.07%	0.02%	0.02%
WEC	B	0.2%	0.01%	0.01%
WELL	C	0.14%	0.01%	0.01%
WFC	B	0.07%	0.01%	0.01%
WHR	C	0.06%	0.01%	0.01%
WLK	C	0.26%	0.01%	0.01%
WM	B	0.2%	0.01%	0.01%
WMB	A	0.2%	0.01%	0.01%
WMT	A	0.05%	0.01%	0.01%
WPC	C	0.14%	0.02%	0.02%
WTFC	B	0.07%	0.01%	0.01%
WTRG	D	0.2%	0.03%	0.03%
WU	D	0.04%	0.02%	0.02%
WY	C	0.15%	0.01%	0.01%
XEL	C	0.2%	0.01%	0.01%
XOM	A	0.21%	0.01%	0.01%
XRAY	D	0.08%	0.04%	0.04%
XYL	C	0.05%	0.02%	0.02%
ZBH	F	0.08%	0.05%	0.05%
ZION	D	0.07%	0.03%	0.03%
ZTS	C	0.08%	0.02%	0.02%

EQAL Overweight 540 Positions Relative to VCIT

Symbol	Grade	Weight
LBRDK	C	0.66%
IRDM	C	0.61%
LITE	A	0.61%
CIEN	A	0.58%
UI	B	0.56%
CSCO	A	0.55%
ANET	A	0.55%
FYBR	C	0.51%
ROKU	C	0.51%
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%
OLN	D	0.28%
CLF	D	0.27%
CEG	A	0.27%
ESI	C	0.26%
ALB	D	0.26%
CF	A	0.26%
IP	C	0.25%
X	F	0.25%
ASH	F	0.25%
FAST	C	0.25%
RBC	C	0.25%
RGLD	C	0.24%
HXL	F	0.24%
EQT	C	0.23%
CHK	C	0.23%
NRG	A	0.23%
SWN	D	0.23%
RRC	D	0.22%
FTI	B	0.22%
CWEN	C	0.22%
AR	C	0.22%
FSLR	C	0.22%
ENPH	F	0.22%
BKR	B	0.22%
TPL	A	0.22%
LNG	A	0.21%
DINO	F	0.21%
PR	D	0.21%
PPL	C	0.21%
AM	A	0.21%
DTM	A	0.21%
APA	F	0.21%
CTRA	D	0.21%
UGI	C	0.21%
CIVI	F	0.2%
CHRD	F	0.2%
SRCL	B	0.2%
OVV	D	0.2%
MTDR	D	0.2%
FE	C	0.2%
TRGP	A	0.2%
OXY	D	0.2%
IDA	D	0.2%
CLH	B	0.2%
WFRD	F	0.19%
GO	F	0.18%
DAR	F	0.18%
NFE	F	0.18%
MNST	D	0.17%
BRBR	A	0.17%
KHC	F	0.17%
SPB	C	0.17%
LW	D	0.17%
SAM	D	0.17%
PPC	C	0.17%
TAP	D	0.17%
PFGC	A	0.17%
FRPT	A	0.16%
CASY	D	0.16%
ACI	F	0.16%
CL	D	0.16%
REYN	D	0.16%
CELH	F	0.16%
Z	C	0.16%
KVUE	C	0.16%
SEB	F	0.16%
POST	C	0.16%
USFD	C	0.16%
COKE	C	0.16%
LAMR	C	0.15%
CBRE	C	0.15%
HHH	C	0.15%
JLL	C	0.15%
MPW	C	0.15%
SEG	F	0.15%
PK	D	0.15%
MCK	F	0.15%
CSGP	F	0.14%
VICI	C	0.14%
COLD	D	0.14%
NSA	D	0.14%
SBAC	C	0.14%
STAG	D	0.14%
IRM	B	0.14%
CUZ	C	0.14%
FR	D	0.14%
EGP	D	0.14%
ELS	D	0.13%
MASI	B	0.1%
WST	D	0.09%
HSIC	D	0.09%
CTLT	A	0.09%
ALNY	C	0.09%
AZTA	F	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%
UTHR	C	0.09%
WAT	B	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%
VRTX	D	0.08%
RARE	D	0.08%
MRNA	F	0.08%
OGN	F	0.08%
LSCC	D	0.08%
NBIX	F	0.08%
IONS	F	0.08%
RMD	C	0.08%
PRGO	F	0.08%
PEN	D	0.08%
VEEV	C	0.08%
SRPT	F	0.08%
MEDP	F	0.08%
FTRE	F	0.08%
MOH	F	0.08%
ISRG	C	0.08%
WOLF	F	0.08%
AVTR	D	0.08%
DXCM	F	0.08%
EXAS	C	0.08%
VKTX	C	0.08%
IDXX	D	0.08%
SOLV	C	0.08%
IQV	F	0.08%
EXEL	B	0.08%
INSP	C	0.08%
ELAN	D	0.08%
CNC	F	0.08%
GMED	B	0.08%
RCM	B	0.08%
NTRA	A	0.08%
AMED	D	0.08%
HOLX	D	0.08%
INCY	B	0.08%
TXG	F	0.08%
PODD	C	0.08%
ENOV	F	0.08%
SHC	C	0.08%
TFX	C	0.08%
CRL	F	0.08%
QGEN	F	0.08%
RGEN	F	0.08%
BIO	B	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%
MTG	A	0.07%
BSY	D	0.07%
BOKF	B	0.07%
APLS	F	0.07%
DDOG	B	0.07%
KBR	A	0.07%
DBX	C	0.07%
EPAM	F	0.07%
TOST	B	0.07%
ZM	B	0.07%
RYAN	A	0.07%
APPF	C	0.07%
ON	F	0.07%
ESTC	F	0.07%
GWRE	A	0.07%
PRI	A	0.07%
HLI	A	0.07%
SNPS	F	0.07%
TER	C	0.07%
MORN	B	0.07%
TROW	D	0.07%
HOOD	B	0.07%
W	C	0.07%
PLTR	A	0.07%
PNFP	B	0.07%
CRBG	B	0.07%
MCHP	F	0.07%
ENTG	D	0.07%
MANH	A	0.07%
ACHC	F	0.07%
OMF	D	0.07%
FFIV	B	0.07%
MPWR	B	0.07%
BX	C	0.07%
WYNN	B	0.07%
BRK.A	B	0.07%
CACC	F	0.07%
TRV	B	0.07%
IT	A	0.07%
PATH	D	0.07%
ALLY	F	0.07%
GLW	C	0.07%
SOFI	C	0.07%
CTSH	B	0.07%
FDS	C	0.07%
NCNO	F	0.07%
GDDY	B	0.07%
WTW	C	0.07%
MTCH	B	0.07%
AKAM	D	0.07%
META	A	0.07%
TPG	A	0.07%
PEGA	B	0.07%
DLB	D	0.07%
CFR	B	0.07%
RNG	F	0.07%
PSN	A	0.07%
JHG	A	0.07%
PCOR	D	0.07%
S	C	0.07%
HUBS	D	0.07%
AMD	C	0.07%
EVR	C	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%
SLM	B	0.07%
PINS	D	0.07%
COLB	C	0.07%
CRWD	D	0.07%
ONTO	B	0.07%
IAC	C	0.07%
ARES	A	0.07%
LPLA	D	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%
KKR	A	0.07%
ALGM	F	0.07%
TWLO	B	0.07%
IPGP	D	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%
POOL	D	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%
PLTK	C	0.06%
GNTX	D	0.06%
LULU	D	0.06%
TPX	C	0.06%
TXRH	A	0.06%
ARMK	C	0.06%
BYD	B	0.06%
ABNB	D	0.06%
SITE	D	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%
NWL	D	0.06%
UBER	C	0.06%
CRUS	D	0.06%
SPOT	C	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%
CROX	C	0.06%
WBD	F	0.06%
TSLA	C	0.06%
OLED	B	0.06%
WSM	C	0.06%
UWMC	D	0.06%
SMCI	F	0.06%
CZR	B	0.06%
ANSS	D	0.06%
GTLB	D	0.06%
THO	C	0.06%
NU	D	0.06%
UHAL	C	0.06%
NCLH	C	0.06%
HCP	A	0.06%
WDAY	D	0.06%
XP	F	0.06%
TEAM	D	0.06%
NTNX	C	0.06%
DV	F	0.06%
INFA	D	0.06%
DDS	D	0.06%
BBWI	F	0.06%
TYL	D	0.06%
CBSH	D	0.06%
NET	D	0.06%
PTC	B	0.06%
TFSL	D	0.06%
EG	A	0.06%
WTM	C	0.06%
PB	D	0.06%
VIRT	B	0.06%
MKTX	B	0.06%
PAYC	D	0.06%
GLOB	D	0.06%
SSNC	C	0.06%
PYCR	D	0.06%
CVNA	A	0.06%
KD	D	0.06%
OKTA	F	0.06%
SNOW	F	0.06%
WRB	C	0.06%
SEIC	B	0.06%
SNV	D	0.06%
DUOL	B	0.06%
AJG	C	0.06%
AMP	A	0.06%
FHB	D	0.06%
UAA	B	0.06%
DNB	D	0.06%
CDNS	D	0.06%
CFLT	F	0.06%
KNSL	B	0.06%
RKT	D	0.06%
FCNCA	D	0.06%
SAIC	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%
PANW	B	0.06%
ZS	F	0.06%
BMRN	F	0.06%
AGNC	B	0.06%
ORI	A	0.06%
STWD	C	0.06%
OZK	D	0.06%
FIVN	F	0.06%
AMKR	F	0.06%
DCI	B	0.05%
WSO	C	0.05%
LSTR	F	0.05%
AFRM	C	0.05%
APG	F	0.05%
SPR	D	0.05%
BAH	C	0.05%
IR	A	0.05%
LNW	F	0.05%
RHI	D	0.05%
JKHY	A	0.05%
XPO	F	0.05%
G	A	0.05%
PAYX	B	0.05%
VMI	B	0.05%
SQ	D	0.05%
TDG	A	0.05%
VSTS	D	0.05%
CPAY	A	0.05%
WWD	C	0.05%
GPK	D	0.05%
MKSI	F	0.05%
FI	A	0.05%
MSA	F	0.05%
AXTA	C	0.05%
FCN	C	0.05%
AXON	A	0.05%
FTV	C	0.05%
MDU	C	0.05%
EEFT	F	0.05%
PCAR	D	0.05%
FICO	C	0.05%
LCID	F	0.05%
SAIA	D	0.05%
ATR	A	0.05%
AOS	C	0.05%
GTES	C	0.05%
VLTO	A	0.05%
CHDN	C	0.05%
SNDR	D	0.05%
CR	A	0.05%
TTC	F	0.05%
GGG	C	0.05%
MSM	D	0.05%
TTEK	A	0.05%
CCK	C	0.05%
CGNX	F	0.05%
ESAB	C	0.05%
JBHT	D	0.05%
HWM	A	0.05%
EME	B	0.05%
NWSA	D	0.05%
BALL	C	0.05%
TTWO	D	0.05%
TRU	C	0.05%
TREX	D	0.05%
GWW	B	0.05%
SSD	B	0.05%
BILL	D	0.05%
OLLI	C	0.05%
MTZ	A	0.05%
GNRC	B	0.05%
ODFL	F	0.05%
MIDD	D	0.05%
NDSN	C	0.05%
MTD	C	0.05%
BROS	F	0.05%
MTN	D	0.05%
ACN	B	0.05%
LFUS	C	0.05%
KNX	D	0.05%
COLM	B	0.05%
ST	F	0.05%
BURL	C	0.05%
WING	C	0.05%
ROL	C	0.05%
AWI	A	0.05%
HEI	C	0.05%
ITT	C	0.05%
RBLX	D	0.05%
LECO	D	0.05%
CPRT	B	0.05%
HAYW	C	0.05%
CNXC	F	0.05%
ACM	A	0.05%
RBA	D	0.05%
AZEK	D	0.05%
AGCO	D	0.05%
WCC	D	0.05%
SLGN	B	0.05%
SEE	C	0.05%
ELF	F	0.05%
BLDR	C	0.05%
CRI	D	0.05%
BLD	D	0.05%
WMS	D	0.05%
BWXT	A	0.05%
J	F	0.05%
BFAM	C	0.05%
NFLX	A	0.05%
CW	A	0.05%
MUSA	D	0.05%
YUM	C	0.05%
DKS	D	0.05%
ALSN	A	0.05%
JWN	D	0.05%
SW	C	0.05%
PCTY	C	0.05%
FIVE	D	0.05%
RRX	B	0.05%
CPRI	C	0.05%
ULTA	D	0.05%
FIX	A	0.05%
F	D	0.05%
BJ	B	0.05%
LKQ	F	0.05%
CMG	C	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%
GEV	A	0.05%
WEN	B	0.05%
SKX	B	0.05%
KMX	F	0.05%
GRMN	D	0.05%
WEX	C	0.05%
ALK	C	0.05%
QS	F	0.05%
SCI	D	0.05%
M	D	0.05%
DECK	B	0.05%
SN	A	0.05%
LPX	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%
PLNT	B	0.05%
PENN	D	0.05%
NYT	C	0.05%
WH	C	0.05%
WSC	D	0.04%
RIVN	F	0.04%
ADTN	C	0.04%
CXT	F	0.04%
EXPD	D	0.04%
AME	C	0.04%
MAN	D	0.04%

EQAL Underweight 63 Positions Relative to VCIT

Symbol	Grade	Weight
WIT	C	-0.15%
DB	A	-0.07%
BABA	A	-0.07%
KOF	D	-0.06%
BMO	B	-0.05%
ARCC	A	-0.05%
TD	B	-0.05%
AZN	D	-0.05%
NWG	B	-0.05%
PAA	B	-0.04%
AER	C	-0.04%
MPLX	B	-0.04%
ET	A	-0.04%
GSK	F	-0.04%
VOD	D	-0.04%
BNS	C	-0.03%
SBRA	C	-0.03%
HP	D	-0.03%
JD	A	-0.03%
CNO	B	-0.03%
AAT	C	-0.03%
BDN	B	-0.03%
TEL	D	-0.03%
WB	B	-0.03%
SCS	D	-0.03%
FLEX	B	-0.03%
NXPI	F	-0.03%
EPD	A	-0.03%
MUFG	D	-0.03%
TME	B	-0.02%
SKT	A	-0.02%
SITC	D	-0.02%
SAFE	C	-0.02%
BKU	D	-0.02%
HR	D	-0.02%
EPRT	C	-0.02%
NHI	C	-0.02%
DSS	F	-0.02%
FSK	A	-0.02%
MCY	B	-0.02%
PDM	C	-0.02%
LAZ	C	-0.02%
PRE	D	-0.02%
CP	C	-0.02%
BIDU	C	-0.02%
ESGR	C	-0.02%
GBDC	B	-0.01%
SAVE	F	-0.01%
OCSL	D	-0.01%
GOOG	B	-0.01%
PSEC	C	-0.01%
OGS	C	-0.01%
KRG	C	-0.01%
CBT	B	-0.01%
KMT	C	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
HPP	F	-0.01%
BKH	C	-0.01%
SWX	C	-0.01%
GP	D	-0.01%
LH	D	-0.01%
HSBC	A	-0.01%