EQAL vs. FELC ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Fidelity Enhanced Large Cap Core ETF (FELC)

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

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	FELC
30 Days	5.64%	3.27%
60 Days	6.61%	5.09%
90 Days	8.92%	6.09%
12 Months	28.87%	33.74%

165 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in FELC	Overlap
A	D	0.07%	0.03%	0.03%
AAPL	C	0.06%	7.38%	0.06%
ABBV	D	0.07%	1.02%	0.07%
ABT	B	0.08%	0.56%	0.08%
ADBE	C	0.06%	0.94%	0.06%
ADP	B	0.05%	0.2%	0.05%
AES	F	0.15%	0.01%	0.01%
ALLE	D	0.05%	0.33%	0.05%
AMAT	F	0.06%	0.68%	0.06%
AMGN	D	0.07%	0.33%	0.07%
AMT	D	0.11%	0.24%	0.11%
AMZN	C	0.05%	3.93%	0.05%
ANET	C	0.54%	0.11%	0.11%
AON	A	0.07%	0.35%	0.07%
AVGO	D	0.06%	1.72%	0.06%
AXP	A	0.05%	0.31%	0.05%
AXTA	A	0.05%	0.05%	0.05%
BAC	A	0.07%	1.2%	0.07%
BBWI	D	0.06%	0.11%	0.06%
BDX	F	0.08%	0.62%	0.08%
BIIB	F	0.07%	0.1%	0.07%
BK	A	0.07%	0.11%	0.07%
BKNG	A	0.07%	0.13%	0.07%
BLD	D	0.04%	0.11%	0.04%
BMY	B	0.1%	0.75%	0.1%
BRK.A	B	0.07%	2.25%	0.07%
C	A	0.07%	0.02%	0.02%
CACI	D	0.07%	0.4%	0.07%
CAH	B	0.09%	0.31%	0.09%
CAT	B	0.05%	0.57%	0.05%
CCL	B	0.07%	0.26%	0.07%
CI	F	0.07%	0.63%	0.07%
CL	D	0.14%	0.47%	0.14%
CLX	B	0.16%	0.11%	0.11%
CMCSA	B	0.56%	0.86%	0.56%
CME	A	0.07%	0.5%	0.07%
CMG	B	0.05%	0.35%	0.05%
COST	B	0.05%	0.31%	0.05%
CRM	B	0.08%	1.15%	0.08%
CRUS	D	0.05%	0.03%	0.03%
CSCO	B	0.58%	0.66%	0.58%
CSX	B	0.05%	0.54%	0.05%
CTAS	B	0.05%	0.69%	0.05%
CVNA	B	0.09%	0.55%	0.09%
CVS	D	0.15%	0.25%	0.15%
CVX	A	0.23%	0.01%	0.01%
DASH	A	0.08%	0.18%	0.08%
DBX	B	0.07%	0.52%	0.07%
DHI	D	0.04%	0.06%	0.04%
DIS	B	0.06%	0.65%	0.06%
DOCU	A	0.09%	0.02%	0.02%
DVN	F	0.19%	0.53%	0.19%
ECL	D	0.23%	0.63%	0.23%
ED	D	0.18%	0.15%	0.15%
EOG	A	0.23%	0.54%	0.23%
EXEL	B	0.11%	0.45%	0.11%
F	C	0.05%	0.11%	0.05%
FR	C	0.13%	0.08%	0.08%
FTNT	C	0.08%	0.15%	0.08%
GAP	C	0.05%	0.22%	0.05%
GE	D	0.05%	0.39%	0.05%
GEHC	F	0.08%	0.04%	0.04%
GILD	C	0.09%	0.74%	0.09%
GL	B	0.07%	0.21%	0.07%
GOOGL	C	0.07%	2.05%	0.07%
GPN	B	0.05%	0.02%	0.02%
GRMN	B	0.06%	0.22%	0.06%
GS	A	0.08%	0.15%	0.08%
HD	A	0.06%	1.29%	0.06%
HWM	A	0.05%	0.1%	0.05%
IDXX	F	0.07%	0.22%	0.07%
INCY	C	0.1%	0.28%	0.1%
JNJ	D	0.07%	0.74%	0.07%
JPM	A	0.07%	1.94%	0.07%
KLAC	D	0.05%	0.63%	0.05%
KR	B	0.17%	0.03%	0.03%
LDOS	C	0.07%	0.24%	0.07%
LHX	C	0.05%	0.21%	0.05%
LLY	F	0.07%	0.76%	0.07%
LMT	D	0.04%	0.71%	0.04%
LNW	D	0.05%	0.11%	0.05%
LPLA	A	0.09%	0.03%	0.03%
LRCX	F	0.06%	0.44%	0.06%
LYFT	C	0.08%	0.21%	0.08%
MA	C	0.05%	1.36%	0.05%
MCK	B	0.19%	0.06%	0.06%
MEDP	D	0.08%	0.21%	0.08%
META	D	0.07%	2.89%	0.07%
MGM	D	0.05%	0.3%	0.05%
MKL	A	0.07%	0.08%	0.07%
MMC	B	0.06%	0.29%	0.06%
MMM	D	0.05%	0.13%	0.05%
MRK	F	0.07%	0.99%	0.07%
MS	A	0.09%	0.31%	0.09%
MSCI	C	0.07%	0.33%	0.07%
MSFT	F	0.06%	5.68%	0.06%
MSI	B	0.56%	0.5%	0.5%
MU	D	0.07%	0.66%	0.07%
NBIX	C	0.08%	0.11%	0.08%
NEE	D	0.18%	0.84%	0.18%
NFLX	A	0.06%	1.3%	0.06%
NOC	D	0.04%	0.6%	0.04%
NOW	A	0.07%	0.55%	0.07%
NRG	B	0.23%	0.11%	0.11%
NSC	B	0.05%	0.38%	0.05%
NUE	C	0.25%	0.2%	0.2%
NVDA	C	0.08%	7.39%	0.08%
ORCL	B	0.07%	0.05%	0.05%
OXY	D	0.2%	0.19%	0.19%
PCAR	B	0.05%	0.52%	0.05%
PEGA	A	0.08%	0.1%	0.08%
PEP	F	0.15%	0.05%	0.05%
PFE	D	0.07%	0.42%	0.07%
PG	A	0.15%	0.72%	0.15%
PGR	A	0.06%	0.74%	0.06%
PLTK	B	0.06%	0.04%	0.04%
PM	B	0.16%	0.94%	0.16%
PNC	B	0.07%	0.12%	0.07%
PPG	F	0.05%	0.3%	0.05%
PSA	D	0.13%	0.09%	0.09%
PYPL	B	0.06%	0.34%	0.06%
QCOM	F	0.06%	0.88%	0.06%
QRVO	F	0.04%	0.12%	0.04%
ROST	C	0.05%	0.04%	0.04%
RSG	A	0.2%	0.24%	0.2%
RTX	C	0.05%	0.7%	0.05%
SCCO	F	0.24%	0.05%	0.05%
SCHW	B	0.08%	0.8%	0.08%
SEIC	B	0.07%	0.3%	0.07%
SOLV	C	0.08%	0.09%	0.08%
SPG	B	0.15%	0.59%	0.15%
SPGI	C	0.06%	0.31%	0.06%
SQ	B	0.06%	0.58%	0.06%
SSNC	B	0.06%	0.38%	0.06%
STLD	B	0.29%	0.06%	0.06%
SWKS	F	0.05%	0.03%	0.03%
SYK	C	0.08%	0.03%	0.03%
T	A	0.51%	0.73%	0.51%
TDC	D	0.06%	0.37%	0.06%
TJX	A	0.05%	0.59%	0.05%
TMO	F	0.07%	0.33%	0.07%
TMUS	B	0.59%	0.31%	0.31%
TROW	B	0.07%	0.31%	0.07%
TRV	B	0.07%	0.43%	0.07%
TSLA	B	0.07%	1.31%	0.07%
TT	A	0.05%	0.52%	0.05%
TWLO	A	0.11%	0.13%	0.11%
TXT	D	0.04%	0.52%	0.04%
UBER	D	0.05%	0.14%	0.05%
UNH	C	0.08%	0.57%	0.08%
UNM	A	0.08%	0.12%	0.08%
UNP	C	0.04%	0.76%	0.04%
V	A	0.05%	0.82%	0.05%
VEEV	C	0.08%	0.08%	0.08%
VST	B	0.34%	0.12%	0.12%
VZ	C	0.46%	0.06%	0.06%
WBD	C	0.07%	0.01%	0.01%
WDAY	B	0.07%	0.16%	0.07%
WFC	A	0.09%	0.1%	0.09%
WM	A	0.21%	0.32%	0.21%
WMT	A	0.05%	1.14%	0.05%
WTW	B	0.07%	0.14%	0.07%
XOM	B	0.21%	1.56%	0.21%
ZBRA	B	0.06%	0.06%	0.06%
ZM	B	0.08%	0.51%	0.08%

EQAL Overweight 803 Positions Relative to FELC

Symbol	Grade	Weight
UI	A	0.85%
LITE	B	0.78%
LBRDK	C	0.74%
CIEN	B	0.64%
CHTR	C	0.58%
IRDM	D	0.57%
JNPR	F	0.5%
ROKU	D	0.5%
FYBR	D	0.49%
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%
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%
SMG	D	0.26%
MOS	F	0.25%
X	C	0.25%
OKE	A	0.24%
OLN	D	0.24%
CLF	F	0.24%
EMN	D	0.24%
WMB	A	0.24%
FCX	D	0.24%
AR	B	0.23%
PR	B	0.23%
OVV	B	0.23%
RRC	B	0.23%
HXL	D	0.23%
LIN	D	0.23%
NEU	C	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%
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%
CLH	B	0.21%
HUN	F	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%
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%
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%
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%
MPC	D	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%
AWK	D	0.18%
MNST	C	0.18%
Z	A	0.18%
AEP	D	0.18%
ES	D	0.18%
NEM	D	0.18%
WFRD	D	0.18%
FE	C	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%
ACI	C	0.16%
K	A	0.16%
VNO	B	0.16%
KVUE	A	0.16%
COR	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%
PK	B	0.15%
POST	C	0.15%
HRL	D	0.15%
HHH	B	0.15%
FLO	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%
REG	B	0.14%
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%
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%
EGP	F	0.13%
INVH	D	0.13%
EPR	D	0.13%
VICI	C	0.13%
GLPI	C	0.13%
CELH	F	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%
IRM	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%
SBAC	D	0.12%
COIN	C	0.11%
DOCS	C	0.11%
SOFI	A	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%
VTRS	A	0.09%
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%
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%
WAT	B	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%
NCLH	B	0.08%
S	B	0.08%
KD	B	0.08%
HSIC	B	0.08%
NTRS	A	0.08%
MDT	D	0.08%
QGEN	D	0.08%
OMF	A	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%
HOLX	D	0.08%
PCOR	B	0.08%
MTSI	B	0.08%
RVTY	F	0.08%
BHF	B	0.08%
ALGN	D	0.08%
EW	C	0.08%
CAR	C	0.08%
RNG	B	0.08%
HPE	B	0.08%
ELAN	D	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%
EVR	B	0.08%
JEF	A	0.08%
TECH	D	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%
KKR	A	0.08%
RCM	F	0.08%
DGX	A	0.08%
CRL	C	0.08%
FHN	A	0.08%
CG	A	0.08%
CTLT	B	0.08%
COLB	A	0.08%
OWL	A	0.08%
THC	D	0.08%
CRWD	B	0.08%
WTFC	A	0.08%
COHR	B	0.08%
PAYC	B	0.08%
ZBH	C	0.08%
AMP	A	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%
VRSN	F	0.07%
WRB	A	0.07%
AJG	B	0.07%
RARE	D	0.07%
VOYA	B	0.07%
GFS	C	0.07%
HIG	B	0.07%
VAC	B	0.07%
NDAQ	A	0.07%
AIG	B	0.07%
INTU	C	0.07%
DDS	B	0.07%
NWL	B	0.07%
ORI	A	0.07%
BR	A	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
DNB	B	0.07%
FOXA	B	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%
TPR	B	0.07%
ALLY	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%
AAL	B	0.07%
CDNS	B	0.07%
RYAN	B	0.07%
SNPS	B	0.07%
GLW	B	0.07%
MOH	F	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%
VIRT	B	0.07%
IVZ	B	0.07%
MORN	B	0.07%
AXS	A	0.07%
PRU	A	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%
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%
AXON	A	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%
OZK	B	0.07%
SLM	A	0.07%
FFIV	B	0.07%
WAL	B	0.07%
MRVL	B	0.07%
RLI	B	0.07%
FCNCA	A	0.07%
AZTA	D	0.07%
CFG	B	0.07%
SHC	F	0.07%
PRI	A	0.07%
CBSH	A	0.07%
RPRX	D	0.07%
ZTS	D	0.07%
LAD	A	0.07%
DHR	F	0.07%
BLK	C	0.07%
NET	B	0.07%
KEY	B	0.07%
ADSK	A	0.07%
DELL	C	0.07%
DDOG	A	0.07%
RMD	C	0.07%
LNC	B	0.07%
GEN	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%
EQH	B	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%
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%
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%
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%
ON	D	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%
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%
RBLX	C	0.06%
HCP	B	0.06%
STWD	C	0.06%
BWXT	B	0.06%
CPRT	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%
BSY	D	0.06%
RNR	C	0.06%
FLS	B	0.06%
INFA	D	0.06%
IBM	C	0.06%
WCC	B	0.06%
MDB	C	0.06%
APLS	D	0.06%
XPO	B	0.06%
U	C	0.06%
WDC	D	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%
NTAP	C	0.06%
MCO	B	0.06%
TXN	C	0.06%
WYNN	D	0.06%
MAR	B	0.06%
CNC	D	0.06%
TFX	F	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%
AVTR	F	0.06%
L	A	0.06%
APPF	B	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%
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%
DT	C	0.06%
MSA	D	0.05%
CCK	C	0.05%
MRNA	F	0.05%
MAS	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%
LFUS	F	0.05%
MIDD	C	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%
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%
NDSN	B	0.05%
CNM	D	0.05%
ITW	B	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%
HRB	D	0.05%
GPC	D	0.05%
DKS	C	0.05%
BBY	D	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%
LII	A	0.05%
KSS	F	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%
YUM	B	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%
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%
ACN	C	0.05%
HUBB	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%
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%
POOL	C	0.05%
MCD	D	0.05%
YETI	C	0.05%
EXP	A	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%
PNR	A	0.05%
MCHP	D	0.05%
WSO	A	0.05%
TDY	B	0.05%
G	B	0.05%
DRI	B	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%
IR	B	0.05%
AMKR	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%
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%
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%
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%
PARA	C	0.05%
ELF	C	0.05%
GTES	A	0.05%
GWW	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%
WSC	D	0.04%
RIVN	F	0.04%
CNXC	F	0.04%
BA	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%
CRI	D	0.04%
DOW	F	0.04%
MTD	D	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%
AOS	F	0.04%
VSTS	C	0.04%
CXT	B	0.04%
ST	F	0.04%
COTY	F	0.04%
MAN	D	0.04%
CLVT	F	0.04%
BALL	D	0.04%
VLTO	D	0.04%
W	F	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%
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 5 Positions Relative to FELC

Symbol	Grade	Weight
GOOG	C	-1.9%
IGT	F	-0.46%
ANF	C	-0.42%
SKYW	B	-0.23%
ALRM	C	-0.2%