EQAL vs. IVOV ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

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

$47.88

Average Daily Volume

23,578

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$94.22

Average Daily Volume

14,065

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	IVOV
30 Days	2.39%	1.76%
60 Days	4.37%	3.65%
90 Days	7.62%	8.45%
12 Months	17.86%	20.06%

208 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in IVOV	Overlap
AA	D	0.19%	0.43%	0.19%
ACM	B	0.05%	0.49%	0.05%
ADC	C	0.18%	0.51%	0.18%
AFG	B	0.06%	0.63%	0.06%
AGCO	D	0.04%	0.43%	0.04%
ALGM	F	0.05%	0.11%	0.05%
ALLY	F	0.05%	0.9%	0.05%
AM	B	0.2%	0.15%	0.15%
AMED	C	0.09%	0.14%	0.09%
AMG	C	0.07%	0.43%	0.07%
AMH	C	0.16%	0.34%	0.16%
AMKR	F	0.05%	0.25%	0.05%
AN	D	0.05%	0.34%	0.05%
AR	D	0.16%	0.62%	0.16%
ARMK	B	0.06%	0.66%	0.06%
ARW	C	0.06%	0.48%	0.06%
ASH	D	0.21%	0.35%	0.21%
ATR	B	0.05%	0.29%	0.05%
AVT	D	0.06%	0.36%	0.06%
AVTR	B	0.1%	0.77%	0.1%
AYI	B	0.05%	0.28%	0.05%
AZTA	D	0.07%	0.09%	0.07%
BC	C	0.05%	0.16%	0.05%
BERY	B	0.05%	0.55%	0.05%
BHF	D	0.06%	0.23%	0.06%
BJ	D	0.05%	0.86%	0.05%
BMRN	F	0.08%	0.52%	0.08%
BRBR	B	0.17%	0.23%	0.17%
BRKR	D	0.08%	0.2%	0.08%
BRX	B	0.18%	0.31%	0.18%
BURL	B	0.06%	0.49%	0.06%
CACC	D	0.04%	0.22%	0.04%
CACC	D	0.05%	0.22%	0.05%
CACI	B	0.07%	0.47%	0.07%
CBSH	C	0.07%	0.33%	0.07%
CC	F	0.17%	0.26%	0.17%
CCK	A	0.05%	0.41%	0.05%
CFR	C	0.07%	0.32%	0.07%
CG	C	0.06%	0.41%	0.06%
CGNX	D	0.04%	0.35%	0.04%
CHE	C	0.09%	0.25%	0.09%
CHH	C	0.06%	0.11%	0.06%
CHK	D	0.17%	0.62%	0.17%
CIEN	C	0.59%	0.33%	0.33%
CLF	F	0.18%	0.53%	0.18%
CNM	F	0.04%	0.29%	0.04%
CNXC	D	0.07%	0.24%	0.07%
COHR	B	0.07%	0.68%	0.07%
COLB	B	0.08%	0.4%	0.08%
COLM	B	0.05%	0.1%	0.05%
CPRI	D	0.07%	0.15%	0.07%
CRI	C	0.06%	0.16%	0.06%
CRUS	D	0.07%	0.22%	0.07%
CUBE	B	0.17%	0.35%	0.17%
CUZ	B	0.18%	0.31%	0.18%
CW	B	0.05%	0.29%	0.05%
DAR	F	0.16%	0.46%	0.16%
DCI	D	0.04%	0.28%	0.04%
DINO	D	0.17%	0.56%	0.17%
DKS	D	0.05%	0.43%	0.05%
DLB	D	0.05%	0.15%	0.05%
DOCS	B	0.11%	0.13%	0.11%
DTM	B	0.22%	0.2%	0.2%
EEFT	D	0.04%	0.15%	0.04%
EGP	B	0.16%	0.25%	0.16%
EHC	B	0.09%	0.38%	0.09%
ELS	C	0.17%	0.34%	0.17%
ENOV	F	0.08%	0.17%	0.08%
EPR	B	0.17%	0.09%	0.09%
EQH	C	0.06%	0.46%	0.06%
EVR	B	0.07%	0.2%	0.07%
EWBC	C	0.07%	0.41%	0.07%
FAF	B	0.08%	0.46%	0.08%
FHN	D	0.07%	0.67%	0.07%
FLO	C	0.16%	0.32%	0.16%
FLS	D	0.04%	0.27%	0.04%
FNB	D	0.07%	0.4%	0.07%
FNF	A	0.08%	1.05%	0.08%
FR	C	0.17%	0.28%	0.17%
FYBR	C	0.73%	0.48%	0.48%
G	C	0.06%	0.42%	0.06%
GAP	F	0.04%	0.37%	0.04%
GLPI	B	0.17%	0.57%	0.17%
GME	F	0.04%	0.45%	0.04%
GMED	D	0.08%	0.59%	0.08%
GNTX	F	0.04%	0.19%	0.04%
GPK	B	0.05%	0.68%	0.05%
GXO	D	0.05%	0.18%	0.05%
HOG	C	0.06%	0.34%	0.06%
HXL	F	0.22%	0.21%	0.21%
IBKR	B	0.06%	0.38%	0.06%
IDA	B	0.23%	0.22%	0.22%
ILMN	C	0.1%	1.43%	0.1%
INGR	A	0.19%	0.38%	0.19%
IPGP	F	0.05%	0.09%	0.05%
IRDM	D	0.53%	0.13%	0.13%
JAZZ	D	0.08%	0.3%	0.08%
JEF	B	0.08%	0.73%	0.08%
JHG	B	0.07%	0.35%	0.07%
JLL	B	0.17%	0.87%	0.17%
JWN	B	0.05%	0.16%	0.05%
KBR	D	0.06%	0.35%	0.06%
KD	D	0.06%	0.45%	0.06%
KEX	C	0.04%	0.3%	0.04%
KMPR	D	0.06%	0.28%	0.06%
KNX	C	0.05%	0.64%	0.05%
KRC	B	0.16%	0.29%	0.16%
LAD	C	0.06%	0.38%	0.06%
LAMR	A	0.16%	0.32%	0.16%
LEA	D	0.05%	0.51%	0.05%
LFUS	D	0.04%	0.15%	0.04%
LITE	B	0.58%	0.26%	0.26%
LPX	B	0.05%	0.16%	0.05%
LSTR	D	0.05%	0.16%	0.05%
M	F	0.04%	0.35%	0.04%
MAN	C	0.04%	0.27%	0.04%
MASI	D	0.07%	0.13%	0.07%
MAT	C	0.06%	0.27%	0.06%
MDU	B	0.05%	0.4%	0.05%
MIDD	C	0.05%	0.27%	0.05%
MKSI	F	0.04%	0.3%	0.04%
MP	D	0.24%	0.08%	0.08%
MSM	D	0.05%	0.14%	0.05%
MTG	B	0.07%	0.3%	0.07%
MTN	D	0.05%	0.17%	0.05%
MTSI	D	0.06%	0.15%	0.06%
MTZ	B	0.05%	0.49%	0.05%
NFG	B	0.22%	0.39%	0.22%
NNN	B	0.16%	0.38%	0.16%
NOV	D	0.18%	0.6%	0.18%
NSA	B	0.16%	0.11%	0.11%
NVST	D	0.09%	0.21%	0.09%
NXST	D	0.05%	0.42%	0.05%
OGE	B	0.23%	0.57%	0.23%
OHI	A	0.18%	0.39%	0.18%
OLN	D	0.2%	0.24%	0.2%
ORI	A	0.07%	0.64%	0.07%
OSK	D	0.04%	0.52%	0.04%
OZK	D	0.06%	0.17%	0.06%
PAG	D	0.05%	0.25%	0.05%
PB	B	0.08%	0.51%	0.08%
PFGC	B	0.17%	0.79%	0.17%
PII	D	0.05%	0.32%	0.05%
PNFP	B	0.07%	0.32%	0.07%
POST	C	0.18%	0.4%	0.18%
PPC	D	0.18%	0.12%	0.12%
PRGO	D	0.09%	0.28%	0.09%
PVH	F	0.04%	0.42%	0.04%
R	B	0.05%	0.45%	0.05%
RCM	C	0.09%	0.19%	0.09%
REXR	C	0.16%	0.49%	0.16%
RGA	B	0.06%	1.09%	0.06%
RGLD	B	0.27%	0.32%	0.27%
RH	B	0.06%	0.18%	0.06%
RLI	B	0.07%	0.16%	0.07%
RNR	B	0.07%	0.4%	0.07%
RPM	B	0.05%	0.53%	0.05%
RRX	C	0.05%	0.78%	0.05%
RYN	C	0.15%	0.19%	0.15%
SAIC	C	0.07%	0.3%	0.07%
SAM	F	0.15%	0.1%	0.1%
SCI	B	0.06%	0.42%	0.06%
SEIC	B	0.06%	0.25%	0.06%
SF	A	0.06%	0.67%	0.06%
SLGN	B	0.05%	0.31%	0.05%
SLM	C	0.07%	0.22%	0.07%
SMG	C	0.24%	0.15%	0.15%
SNV	C	0.07%	0.5%	0.07%
SNX	D	0.05%	0.68%	0.05%
SON	C	0.04%	0.39%	0.04%
SRCL	A	0.22%	0.4%	0.22%
SRPT	F	0.08%	0.2%	0.08%
ST	D	0.04%	0.43%	0.04%
STAG	C	0.16%	0.27%	0.16%
STWD	A	0.06%	0.44%	0.06%
THC	B	0.09%	1.07%	0.09%
THG	A	0.07%	0.36%	0.07%
THO	D	0.06%	0.41%	0.06%
TKO	B	0.06%	0.27%	0.06%
TKR	D	0.23%	0.25%	0.23%
TNL	D	0.05%	0.07%	0.05%
TPL	C	0.21%	0.38%	0.21%
TTC	D	0.04%	0.38%	0.04%
UAA	C	0.05%	0.09%	0.05%
UGI	C	0.21%	0.38%	0.21%
UNM	B	0.07%	0.75%	0.07%
USFD	B	0.18%	0.9%	0.18%
UTHR	C	0.09%	0.56%	0.09%
VAC	F	0.04%	0.2%	0.04%
VMI	D	0.05%	0.44%	0.05%
VNO	B	0.2%	0.35%	0.2%
VOYA	A	0.06%	0.32%	0.06%
WBS	C	0.07%	0.62%	0.07%
WCC	C	0.04%	0.56%	0.04%
WEN	C	0.05%	0.09%	0.05%
WH	B	0.05%	0.15%	0.05%
WHR	D	0.05%	0.41%	0.05%
WOLF	F	0.02%	0.09%	0.02%
WPC	B	0.16%	0.93%	0.16%
WTFC	B	0.07%	0.52%	0.07%
WTRG	D	0.21%	0.39%	0.21%
WU	D	0.04%	0.29%	0.04%
X	D	0.22%	0.67%	0.22%
XPO	D	0.05%	0.52%	0.05%
XRAY	D	0.08%	0.41%	0.08%
YETI	D	0.05%	0.09%	0.05%
ZI	D	0.05%	0.16%	0.05%
ZION	D	0.07%	0.56%	0.07%

EQAL Overweight 754 Positions Relative to IVOV

Symbol	Grade	Weight
UI	B	0.73%
ROKU	C	0.7%
T	B	0.61%
CHTR	D	0.61%
LBRDK	D	0.61%
TMUS	C	0.59%
MSI	C	0.58%
JNPR	A	0.56%
VZ	B	0.56%
CSCO	B	0.54%
CMCSA	D	0.53%
ANET	B	0.53%
NEM	B	0.29%
FMC	C	0.27%
RBC	C	0.25%
CF	B	0.25%
LIN	B	0.25%
NEU	D	0.25%
IFF	B	0.25%
FAST	C	0.25%
TRGP	B	0.24%
DUK	C	0.24%
ETR	A	0.24%
CMS	A	0.24%
ES	C	0.24%
AEE	B	0.24%
AEP	B	0.24%
EIX	C	0.24%
PNW	B	0.24%
EMN	B	0.24%
NI	B	0.24%
XEL	A	0.24%
ECL	B	0.24%
APD	B	0.24%
IP	B	0.24%
WEC	B	0.24%
OKE	B	0.23%
SO	B	0.23%
DTE	B	0.23%
AVY	D	0.23%
VVV	D	0.23%
AWK	A	0.23%
RS	D	0.23%
EVRG	A	0.23%
PEG	B	0.23%
PPL	C	0.23%
D	C	0.23%
ED	C	0.23%
EXC	B	0.23%
LYB	F	0.23%
ATO	B	0.23%
FE	C	0.23%
LNT	A	0.23%
NEE	B	0.23%
WMB	B	0.22%
RSG	D	0.22%
ESI	D	0.22%
LNG	D	0.22%
HUN	D	0.22%
ALB	F	0.22%
SRE	B	0.22%
CWEN	B	0.22%
PCG	C	0.22%
K	A	0.22%
BKR	D	0.21%
STLD	D	0.21%
COKE	C	0.21%
SCCO	D	0.21%
NUE	F	0.21%
CLH	B	0.21%
MOS	F	0.21%
WLK	D	0.21%
KMI	A	0.21%
KVUE	B	0.2%
PM	C	0.2%
FTI	D	0.2%
EOG	D	0.2%
FCX	D	0.2%
ENPH	C	0.2%
NRG	C	0.2%
WM	D	0.2%
XOM	D	0.2%
AGR	B	0.2%
CE	D	0.2%
COP	D	0.19%
VTR	C	0.19%
CBRE	A	0.19%
MRO	D	0.19%
IRM	B	0.19%
MPC	D	0.19%
AES	C	0.19%
MKC	B	0.19%
CLX	C	0.19%
CL	C	0.18%
FRPT	B	0.18%
KR	B	0.18%
AMT	C	0.18%
TSN	C	0.18%
SLB	F	0.18%
VLO	D	0.18%
PSA	B	0.18%
CNP	C	0.18%
CCI	B	0.18%
CPB	B	0.18%
FANG	D	0.18%
CAG	B	0.18%
CVX	D	0.18%
REYN	C	0.18%
HIW	B	0.18%
SUI	B	0.18%
WELL	B	0.18%
MDLZ	B	0.18%
KIM	B	0.18%
SBAC	C	0.18%
FSLR	C	0.18%
KO	B	0.18%
VST	C	0.18%
SWN	D	0.18%
PSX	D	0.18%
BXP	B	0.18%
MO	C	0.18%
PG	C	0.17%
FRT	C	0.17%
CASY	D	0.17%
HRL	C	0.17%
DOC	C	0.17%
SEB	C	0.17%
Z	B	0.17%
OVV	D	0.17%
MPW	C	0.17%
MAA	B	0.17%
HAL	F	0.17%
SYY	D	0.17%
CTVA	B	0.17%
PEP	C	0.17%
CTRA	F	0.17%
PR	D	0.17%
APA	F	0.17%
RRC	D	0.17%
CEG	C	0.17%
TAP	C	0.17%
PLD	C	0.17%
SJM	C	0.17%
VICI	C	0.17%
KHC	C	0.17%
O	B	0.17%
MTDR	D	0.17%
KDP	A	0.17%
REG	C	0.17%
HES	D	0.17%
HSY	C	0.17%
DVN	F	0.17%
EQT	D	0.17%
GIS	B	0.17%
WFRD	F	0.16%
DLR	B	0.16%
ADM	D	0.16%
CIVI	F	0.16%
WY	C	0.16%
ESS	B	0.16%
CHRD	F	0.16%
SPB	B	0.16%
SPG	B	0.16%
EXR	B	0.16%
CPT	B	0.16%
KMB	D	0.16%
EQIX	B	0.16%
HHH	C	0.16%
OXY	F	0.16%
MNST	C	0.16%
EQR	B	0.16%
COLD	D	0.16%
UDR	B	0.16%
AVB	B	0.16%
INVH	C	0.15%
BG	D	0.15%
CVS	D	0.15%
CHD	C	0.15%
ARE	B	0.15%
STZ	C	0.15%
CSGP	D	0.15%
ACI	F	0.15%
MCK	F	0.14%
HST	D	0.14%
PK	D	0.13%
ALNY	B	0.13%
RARE	B	0.12%
EXAS	C	0.12%
LW	D	0.12%
GO	F	0.12%
SHC	B	0.11%
RGEN	F	0.1%
VEEV	C	0.1%
TFX	C	0.1%
EXEL	B	0.1%
INSP	C	0.1%
UNH	C	0.1%
GILD	B	0.1%
UHS	B	0.1%
VKTX	C	0.1%
NFE	F	0.1%
SOLV	C	0.1%
LLY	C	0.09%
AMGN	B	0.09%
CI	C	0.09%
SYK	C	0.09%
CAH	C	0.09%
PINC	C	0.09%
QGEN	B	0.09%
BSX	B	0.09%
CTLT	B	0.09%
DHR	B	0.09%
ABT	C	0.09%
TMO	C	0.09%
GEHC	C	0.09%
WBA	F	0.09%
CNC	C	0.09%
HOLX	B	0.09%
REGN	C	0.09%
IQV	C	0.09%
JNJ	B	0.09%
DGX	B	0.09%
MDT	C	0.09%
STE	C	0.09%
BIO	C	0.09%
ABBV	C	0.09%
TXG	D	0.09%
ZTS	B	0.09%
DVA	B	0.09%
PEN	D	0.09%
ISRG	C	0.09%
ACHC	C	0.09%
VTRS	C	0.09%
MOH	C	0.09%
PODD	B	0.09%
BAX	C	0.09%
HCA	B	0.09%
NTRA	B	0.09%
BMY	C	0.09%
RMD	C	0.09%
AFL	B	0.08%
TYL	C	0.08%
PSN	B	0.08%
FFIV	A	0.08%
U	D	0.08%
IBM	B	0.08%
DT	C	0.08%
ALGN	D	0.08%
SMAR	B	0.08%
CBOE	C	0.08%
DNB	C	0.08%
CINF	B	0.08%
S	C	0.08%
ICE	B	0.08%
NDAQ	B	0.08%
GL	C	0.08%
GWRE	A	0.08%
GTLB	D	0.08%
TECH	C	0.08%
LCID	C	0.08%
BDX	F	0.08%
FTNT	C	0.08%
ZBH	F	0.08%
UWMC	C	0.08%
OGN	D	0.08%
ITCI	D	0.08%
MKTX	C	0.08%
IDXX	C	0.08%
TPG	B	0.08%
IONS	F	0.08%
VRTX	D	0.08%
INCY	C	0.08%
ELV	C	0.08%
WAL	B	0.08%
HSIC	C	0.08%
A	C	0.08%
MDB	D	0.08%
RPRX	C	0.08%
VIRT	B	0.08%
RKT	B	0.08%
PLTR	B	0.08%
PFE	C	0.08%
APP	B	0.08%
CELH	F	0.08%
GLW	B	0.07%
TEAM	F	0.07%
INTU	D	0.07%
META	A	0.07%
AGNC	A	0.07%
RBLX	B	0.07%
TSLA	C	0.07%
LDOS	C	0.07%
TFSL	C	0.07%
PATH	D	0.07%
BR	D	0.07%
PRI	B	0.07%
AAPL	D	0.07%
CVNA	B	0.07%
ADSK	B	0.07%
IVZ	C	0.07%
MET	A	0.07%
NTRS	B	0.07%
MORN	C	0.07%
AXS	B	0.07%
ARES	B	0.07%
MMC	C	0.07%
DOCU	C	0.07%
FDS	C	0.07%
WRB	C	0.07%
ACGL	B	0.07%
MPWR	C	0.07%
AKAM	D	0.07%
CB	B	0.07%
SN	B	0.07%
DOX	C	0.07%
PHM	B	0.07%
KKR	B	0.07%
IAC	C	0.07%
CME	C	0.07%
RIVN	F	0.07%
TWLO	D	0.07%
GDDY	C	0.07%
BRO	C	0.07%
TW	A	0.07%
BRK.A	C	0.07%
PANW	D	0.07%
EPAM	D	0.07%
TRV	B	0.07%
DHI	B	0.07%
IT	B	0.07%
HIG	A	0.07%
FTRE	F	0.07%
CTSH	C	0.07%
MEDP	D	0.07%
WTW	B	0.07%
USB	B	0.07%
FCNCA	D	0.07%
AJG	C	0.07%
DXC	C	0.07%
CNA	C	0.07%
MTB	B	0.07%
ORCL	B	0.07%
FHB	C	0.07%
MANH	B	0.07%
ADBE	D	0.07%
AIZ	B	0.07%
MCO	A	0.07%
BLK	A	0.07%
BOKF	B	0.07%
TFC	D	0.07%
ZM	C	0.07%
HBAN	B	0.07%
BPOP	C	0.07%
HLI	B	0.07%
PAYC	D	0.07%
ALL	A	0.07%
CFG	D	0.07%
CLVT	D	0.07%
MRK	D	0.07%
MTCH	C	0.07%
RYAN	C	0.07%
PEGA	C	0.07%
BFAM	C	0.07%
STT	A	0.07%
DBX	D	0.07%
NTNX	C	0.07%
MSCI	C	0.07%
KNSL	C	0.07%
PNC	B	0.07%
RF	B	0.07%
WDAY	D	0.07%
GLOB	D	0.07%
WST	D	0.07%
NBIX	F	0.07%
HUM	F	0.07%
DAY	D	0.07%
DASH	C	0.07%
BK	A	0.07%
AON	B	0.07%
SSNC	B	0.07%
BIIB	F	0.07%
BX	B	0.07%
KEY	B	0.07%
SOFI	C	0.07%
SPGI	B	0.07%
PYCR	D	0.07%
PGR	A	0.07%
APLS	F	0.07%
CRL	D	0.07%
FITB	B	0.07%
NOW	A	0.07%
CMA	B	0.07%
NU	B	0.07%
KMX	D	0.06%
SNOW	F	0.06%
BLDR	C	0.06%
TJX	C	0.06%
GEV	B	0.06%
TROW	D	0.06%
SPOT	B	0.06%
TTD	B	0.06%
LMT	C	0.06%
PCOR	F	0.06%
SNDR	B	0.06%
MSGS	B	0.06%
EXP	B	0.06%
RBA	C	0.06%
MSTR	D	0.06%
WBD	D	0.06%
NVDA	D	0.06%
SHW	B	0.06%
NTAP	D	0.06%
HPQ	D	0.06%
OMF	C	0.06%
OMC	A	0.06%
EFX	C	0.06%
RCL	B	0.06%
PH	B	0.06%
LOW	B	0.06%
NCLH	C	0.06%
HAS	B	0.06%
VSTS	D	0.06%
LNC	D	0.06%
LNW	B	0.06%
DV	F	0.06%
APH	D	0.06%
MUSA	C	0.06%
JBL	D	0.06%
NCNO	D	0.06%
CRBG	D	0.06%
AMD	F	0.06%
ZS	F	0.06%
CPNG	B	0.06%
PLNT	A	0.06%
UHAL	B	0.06%
CDW	D	0.06%
FOXA	B	0.06%
QRVO	F	0.06%
WTM	F	0.06%
NWL	D	0.06%
BYD	C	0.06%
SWKS	F	0.06%
GRMN	D	0.06%
BSY	D	0.06%
C	D	0.06%
DDOG	D	0.06%
AVGO	C	0.06%
MSFT	C	0.06%
MMM	B	0.06%
APO	C	0.06%
DUOL	B	0.06%
VRT	C	0.06%
MCD	C	0.06%
AXON	B	0.06%
ADI	D	0.06%
APPF	D	0.06%
OWL	C	0.06%
WMT	B	0.06%
EBAY	B	0.06%
BAC	D	0.06%
OLED	C	0.06%
PTC	D	0.06%
FICO	A	0.06%
ANSS	F	0.06%
QS	F	0.06%
TRU	B	0.06%
HRB	C	0.06%
AGO	C	0.06%
ROP	C	0.06%
AMP	B	0.06%
MHK	B	0.06%
AIG	D	0.06%
EW	F	0.06%
VRSN	D	0.06%
PRU	C	0.06%
MS	D	0.06%
MKL	C	0.06%
HOOD	C	0.06%
EG	B	0.06%
NET	F	0.06%
LEN	B	0.06%
MRVL	C	0.06%
HCP	A	0.06%
TXN	C	0.06%
NVR	B	0.06%
DFS	C	0.06%
AFRM	C	0.06%
PFG	B	0.06%
TOST	B	0.06%
RNG	D	0.06%
ON	D	0.06%
ELAN	D	0.06%
L	B	0.06%
VFC	C	0.06%
CERT	F	0.06%
SBUX	C	0.06%
GS	D	0.06%
XP	D	0.06%
TOL	B	0.06%
RJF	C	0.06%
JPM	D	0.06%
CRM	D	0.06%
CNH	C	0.05%
LSCC	D	0.05%
KSS	F	0.05%
ROK	D	0.05%
AME	C	0.05%
DIS	D	0.05%
CMG	C	0.05%
PSTG	F	0.05%
COF	C	0.05%
NKE	D	0.05%
TRMB	C	0.05%
BROS	D	0.05%
LVS	D	0.05%
GD	B	0.05%
WSC	D	0.05%
BAH	B	0.05%
VRSK	D	0.05%
CSX	D	0.05%
AXTA	C	0.05%
DD	B	0.05%
FTV	C	0.05%
ETSY	F	0.05%
F	D	0.05%
TXT	D	0.05%
DAL	C	0.05%
EME	B	0.05%
WSM	C	0.05%
SQ	D	0.05%
DKNG	D	0.05%
DE	B	0.05%
DOV	B	0.05%
ESAB	C	0.05%
LHX	D	0.05%
ITW	B	0.05%
SSD	C	0.05%
GNRC	D	0.05%
COTY	F	0.05%
TDG	B	0.05%
DELL	D	0.05%
ITT	C	0.05%
SKX	C	0.05%
GE	B	0.05%
V	B	0.05%
PLTK	C	0.05%
SYF	C	0.05%
SNA	B	0.05%
CAT	C	0.05%
APTV	D	0.05%
GGG	C	0.05%
PENN	D	0.05%
AMAT	D	0.05%
HAYW	C	0.05%
WAB	A	0.05%
QCOM	D	0.05%
GTES	C	0.05%
DECK	C	0.05%
JCI	B	0.05%
HII	C	0.05%
DXCM	F	0.05%
FIX	B	0.05%
CR	C	0.05%
FND	C	0.05%
JKHY	B	0.05%
LII	B	0.05%
FCN	C	0.05%
BWXT	D	0.05%
SPR	D	0.05%
CZR	C	0.05%
HPE	D	0.05%
TT	B	0.05%
CMI	C	0.05%
NDSN	C	0.05%
HUBB	B	0.05%
PAYX	C	0.05%
GFS	F	0.05%
RL	B	0.05%
J	D	0.05%
MAR	C	0.05%
TXRH	D	0.05%
GWW	B	0.05%
LKQ	D	0.05%
BALL	C	0.05%
AWI	B	0.05%
JBHT	D	0.05%
GPC	D	0.05%
VLTO	C	0.05%
SNPS	D	0.05%
GM	B	0.05%
NWSA	D	0.05%
BWA	D	0.05%
BILL	D	0.05%
ALK	C	0.05%
ODFL	C	0.05%
UBER	C	0.05%
AAL	D	0.05%
KEYS	C	0.05%
H	C	0.05%
TTEK	C	0.05%
WING	B	0.05%
CPRT	D	0.05%
AMCR	C	0.05%
FIS	B	0.05%
ENTG	D	0.05%
MA	B	0.05%
UNP	B	0.05%
BKNG	B	0.05%
WAT	C	0.05%
TDY	C	0.05%
AXP	B	0.05%
ULTA	D	0.05%
TDC	F	0.05%
TTWO	D	0.05%
HLT	B	0.05%
PKG	B	0.05%
YUM	D	0.05%
WDC	D	0.05%
TSCO	C	0.05%
ADP	B	0.05%
HEI	B	0.05%
FDX	C	0.05%
ZBRA	B	0.05%
NSC	C	0.05%
CHRW	B	0.05%
OLLI	C	0.05%
FOUR	C	0.05%
AMZN	C	0.05%
LEG	D	0.05%
WEX	C	0.05%
ACN	C	0.05%
ATI	C	0.05%
NFLX	B	0.05%
RTX	C	0.05%
PCTY	C	0.05%
UAL	B	0.05%
ROL	C	0.05%
TPR	C	0.05%
TPX	C	0.05%
CHDN	C	0.05%
ALSN	B	0.05%
CDNS	D	0.05%
INFA	D	0.05%
PARA	F	0.05%
OKTA	F	0.05%
MAS	B	0.05%
GPN	D	0.05%
MCHP	D	0.05%
CTAS	C	0.05%
DRI	C	0.05%
SCHW	D	0.05%
PNR	B	0.05%
LUV	C	0.05%
ORLY	B	0.05%
AAON	B	0.05%
SWK	B	0.05%
CPAY	B	0.05%
SITE	D	0.05%
TGT	C	0.05%
ROST	C	0.05%
CARR	B	0.05%
POOL	C	0.05%
PYPL	B	0.05%
TER	D	0.05%
IPG	C	0.05%
ONTO	F	0.05%
HWM	B	0.05%
AZO	D	0.05%
EA	D	0.05%
NYT	C	0.05%
EXPE	C	0.05%
LYV	B	0.05%
BEN	F	0.05%
CCL	C	0.05%
COST	C	0.05%
URI	B	0.05%
GOOGL	D	0.05%
NOC	B	0.05%
HD	B	0.05%
BBY	B	0.05%
WFC	D	0.05%
KLAC	D	0.05%
ALLE	B	0.05%
LOPE	D	0.05%
HUBS	D	0.05%
DJT	F	0.04%
MU	F	0.04%
NVT	D	0.04%
VNT	D	0.04%
TRIP	F	0.04%
EL	F	0.04%
WMS	D	0.04%
BIRK	D	0.04%
INTC	F	0.04%
DPZ	F	0.04%
DDS	D	0.04%
APG	D	0.04%
ABNB	D	0.04%
AZEK	C	0.04%
PINS	F	0.04%
WWD	D	0.04%
CRWD	F	0.04%
SAIA	D	0.04%
CROX	C	0.04%
MRNA	F	0.04%
AL	D	0.04%
ESTC	F	0.04%
OC	C	0.04%
BA	F	0.04%
SEE	D	0.04%
MSA	C	0.04%
DOW	D	0.04%
FIVE	D	0.04%
ETN	C	0.04%
EMR	D	0.04%
UPS	D	0.04%
FIVN	F	0.04%
XYL	D	0.04%
LECO	F	0.04%
LULU	D	0.04%
COIN	F	0.04%
LRCX	F	0.04%
MTD	D	0.04%
MLM	D	0.04%
PCAR	D	0.04%
LYFT	D	0.04%
BLD	D	0.04%
HON	D	0.04%
OTIS	D	0.04%
EXPD	B	0.04%
VMC	D	0.04%
AOS	C	0.04%
WYNN	D	0.04%
IR	C	0.04%
ADTN	F	0.04%
CSL	C	0.04%
W	D	0.04%
IEX	D	0.04%
RHI	D	0.04%
MGM	D	0.04%
PPG	C	0.04%
WSO	C	0.04%
LPLA	D	0.04%
PWR	B	0.04%
CFLT	F	0.04%
ELF	F	0.03%
SMCI	F	0.03%
AAP	F	0.03%
CAR	F	0.03%
DLTR	F	0.03%
BBWI	F	0.03%
DG	F	0.03%
TREX	F	0.03%
SEG	C	0.01%

EQAL Underweight 77 Positions Relative to IVOV

Symbol	Grade	Weight
FLR	D	-0.6%
SSB	B	-0.55%
TMHC	B	-0.52%
CMC	D	-0.51%
ESNT	B	-0.49%
ONB	C	-0.46%
CADE	B	-0.44%
SFM	B	-0.43%
KRG	B	-0.4%
HOMB	B	-0.39%
UBSI	B	-0.38%
GBCI	B	-0.37%
POR	B	-0.36%
NJR	B	-0.34%
ERIE	A	-0.34%
SWX	C	-0.33%
UMBF	B	-0.33%
ASGN	D	-0.32%
ORA	C	-0.31%
IRT	B	-0.31%
PBF	F	-0.31%
BKH	B	-0.3%
AVNT	B	-0.3%
OGS	B	-0.29%
SBRA	B	-0.28%
BDC	B	-0.28%
CNO	B	-0.28%
SR	B	-0.28%
ALE	A	-0.27%
CYTK	F	-0.27%
PNM	B	-0.27%
PCH	C	-0.26%
VLY	C	-0.26%
HQY	C	-0.25%
NEOG	C	-0.25%
ASB	D	-0.25%
MUR	D	-0.25%
NWE	A	-0.24%
GT	F	-0.24%
TCBI	B	-0.23%
GATX	D	-0.23%
KBH	B	-0.23%
FFIN	B	-0.22%
VSH	D	-0.22%
ALV	F	-0.21%
GHC	C	-0.2%
TGNA	C	-0.2%
NOVT	D	-0.2%
FHI	A	-0.2%
ENS	C	-0.19%
EXPO	B	-0.19%
CVLT	B	-0.19%
EXLS	C	-0.18%
SIGI	C	-0.18%
HWC	D	-0.17%
ADNT	F	-0.17%
OPCH	C	-0.17%
CHX	D	-0.16%
ZD	D	-0.16%
SYNA	F	-0.15%
LANC	D	-0.15%
IBOC	C	-0.15%
POWI	F	-0.15%
TEX	D	-0.14%
GEF	D	-0.13%
VC	F	-0.13%
CBT	B	-0.13%
HAE	D	-0.13%
NSP	D	-0.13%
LIVN	D	-0.12%
MMS	D	-0.11%
KNF	B	-0.1%
UA	C	-0.1%
HELE	D	-0.1%
BLKB	B	-0.09%
HGV	D	-0.08%
WMG	D	-0.07%