EQAL vs. IWS ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to iShares Russell Mid-cap Value ETF (IWS)

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

$48.38

Average Daily Volume

23,548

Number of Holdings ^*

962

* may have additional holdings in another (foreign) market

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$131.91

Average Daily Volume

302,748

Number of Holdings ^*

705

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	IWS
30 Days	4.00%	4.17%
60 Days	5.46%	5.63%
90 Days	8.43%	9.18%
12 Months	19.61%	24.67%

670 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in IWS	Overlap
A	C	0.08%	0.46%	0.08%
AA	D	0.19%	0.09%	0.09%
AAL	D	0.05%	0.07%	0.05%
AAP	F	0.03%	0.03%	0.03%
ACGL	C	0.07%	0.46%	0.07%
ACHC	C	0.09%	0.08%	0.08%
ACI	F	0.15%	0.09%	0.09%
ACM	B	0.05%	0.15%	0.05%
ADC	C	0.18%	0.09%	0.09%
ADM	D	0.16%	0.34%	0.16%
AEE	C	0.24%	0.26%	0.24%
AES	C	0.19%	0.15%	0.15%
AFG	B	0.06%	0.11%	0.06%
AFL	C	0.08%	0.71%	0.08%
AFRM	C	0.06%	0.11%	0.06%
AGCO	D	0.04%	0.07%	0.04%
AGNC	B	0.07%	0.08%	0.07%
AGO	C	0.06%	0.05%	0.05%
AGR	B	0.2%	0.03%	0.03%
AIZ	B	0.07%	0.12%	0.07%
AJG	D	0.07%	0.69%	0.07%
AKAM	D	0.07%	0.17%	0.07%
AL	D	0.04%	0.05%	0.04%
ALB	D	0.22%	0.12%	0.12%
ALGM	F	0.05%	0.02%	0.02%
ALGN	D	0.08%	0.09%	0.08%
ALK	C	0.05%	0.06%	0.05%
ALL	B	0.07%	0.48%	0.07%
ALLE	B	0.05%	0.14%	0.05%
ALLY	F	0.05%	0.09%	0.05%
ALNY	C	0.13%	0.04%	0.04%
ALSN	B	0.05%	0.09%	0.05%
AM	C	0.2%	0.04%	0.04%
AMCR	B	0.05%	0.18%	0.05%
AME	C	0.05%	0.44%	0.05%
AMED	C	0.09%	0.04%	0.04%
AMG	C	0.07%	0.06%	0.06%
AMH	C	0.16%	0.16%	0.16%
AMKR	F	0.05%	0.04%	0.04%
AMP	A	0.06%	0.04%	0.04%
AN	D	0.05%	0.05%	0.05%
ANSS	D	0.06%	0.32%	0.06%
AOS	D	0.04%	0.11%	0.04%
APA	F	0.17%	0.1%	0.1%
APG	D	0.04%	0.09%	0.04%
APTV	D	0.05%	0.21%	0.05%
AR	F	0.16%	0.09%	0.09%
ARE	C	0.15%	0.25%	0.15%
ARMK	B	0.06%	0.11%	0.06%
ARW	C	0.06%	0.08%	0.06%
ASH	D	0.21%	0.05%	0.05%
ATI	C	0.05%	0.09%	0.05%
ATO	B	0.23%	0.24%	0.23%
ATR	B	0.05%	0.12%	0.05%
AVB	B	0.16%	0.38%	0.16%
AVT	C	0.06%	0.05%	0.05%
AVTR	B	0.1%	0.21%	0.1%
AVY	C	0.23%	0.13%	0.13%
AWI	B	0.05%	0.04%	0.04%
AWK	B	0.23%	0.33%	0.23%
AXS	B	0.07%	0.07%	0.07%
AXTA	B	0.05%	0.09%	0.05%
AYI	B	0.05%	0.09%	0.05%
AZEK	C	0.04%	0.02%	0.02%
AZTA	F	0.07%	0.03%	0.03%
BALL	C	0.05%	0.24%	0.05%
BAX	C	0.09%	0.23%	0.09%
BBWI	F	0.03%	0.07%	0.03%
BBY	C	0.05%	0.24%	0.05%
BC	C	0.05%	0.06%	0.05%
BEN	F	0.05%	0.07%	0.05%
BERY	B	0.05%	0.09%	0.05%
BFAM	C	0.07%	0.08%	0.07%
BG	D	0.15%	0.16%	0.15%
BHF	F	0.06%	0.03%	0.03%
BIIB	F	0.07%	0.33%	0.07%
BILL	D	0.05%	0.05%	0.05%
BIO	C	0.09%	0.07%	0.07%
BIRK	F	0.04%	0.02%	0.02%
BJ	D	0.05%	0.12%	0.05%
BK	B	0.07%	0.59%	0.07%
BKR	C	0.21%	0.38%	0.21%
BLD	D	0.04%	0.13%	0.04%
BLDR	C	0.06%	0.23%	0.06%
BMRN	F	0.08%	0.18%	0.08%
BOKF	B	0.07%	0.03%	0.03%
BPOP	C	0.07%	0.07%	0.07%
BR	D	0.07%	0.03%	0.03%
BRBR	C	0.17%	0.09%	0.09%
BRKR	D	0.08%	0.03%	0.03%
BRO	C	0.07%	0.16%	0.07%
BROS	D	0.05%	0.02%	0.02%
BRX	B	0.18%	0.1%	0.1%
BWA	D	0.05%	0.08%	0.05%
BWXT	D	0.05%	0.08%	0.05%
BXP	B	0.18%	0.14%	0.14%
BYD	C	0.06%	0.05%	0.05%
CACC	F	0.05%	0.01%	0.01%
CACC	F	0.04%	0.01%	0.01%
CACI	B	0.07%	0.12%	0.07%
CAG	C	0.18%	0.18%	0.18%
CAH	C	0.09%	0.13%	0.09%
CAR	F	0.03%	0.01%	0.01%
CASY	D	0.17%	0.13%	0.13%
CBOE	C	0.08%	0.25%	0.08%
CBRE	A	0.19%	0.42%	0.19%
CBSH	C	0.07%	0.09%	0.07%
CC	F	0.17%	0.03%	0.03%
CCI	C	0.18%	0.59%	0.18%
CCK	A	0.05%	0.12%	0.05%
CCL	C	0.05%	0.2%	0.05%
CDW	D	0.06%	0.17%	0.06%
CE	F	0.2%	0.12%	0.12%
CERT	F	0.06%	0.01%	0.01%
CF	C	0.25%	0.17%	0.17%
CFG	C	0.07%	0.21%	0.07%
CFR	C	0.07%	0.07%	0.07%
CG	D	0.06%	0.1%	0.06%
CGNX	F	0.04%	0.07%	0.04%
CHD	D	0.15%	0.29%	0.15%
CHE	C	0.09%	0.09%	0.09%
CHH	C	0.06%	0.01%	0.01%
CHK	D	0.17%	0.11%	0.11%
CHRD	F	0.16%	0.09%	0.09%
CHRW	B	0.05%	0.13%	0.05%
CHTR	D	0.61%	0.37%	0.37%
CIEN	C	0.59%	0.09%	0.09%
CINF	B	0.08%	0.24%	0.08%
CIVI	F	0.16%	0.04%	0.04%
CLF	F	0.18%	0.04%	0.04%
CLH	A	0.21%	0.15%	0.15%
CLVT	D	0.07%	0.03%	0.03%
CMA	B	0.07%	0.09%	0.07%
CMI	C	0.05%	0.47%	0.05%
CMS	C	0.24%	0.24%	0.24%
CNA	C	0.07%	0.01%	0.01%
CNC	D	0.09%	0.46%	0.09%
CNH	D	0.05%	0.1%	0.05%
CNM	F	0.04%	0.03%	0.03%
CNP	C	0.18%	0.2%	0.18%
CNXC	F	0.07%	0.04%	0.04%
COHR	C	0.07%	0.12%	0.07%
COIN	F	0.04%	0.06%	0.04%
COKE	C	0.21%	0.09%	0.09%
COLB	B	0.08%	0.06%	0.06%
COLD	D	0.16%	0.09%	0.09%
COLM	C	0.05%	0.03%	0.03%
COTY	F	0.05%	0.04%	0.04%
CPB	C	0.18%	0.11%	0.11%
CPRI	D	0.07%	0.05%	0.05%
CPT	B	0.16%	0.15%	0.15%
CR	C	0.05%	0.09%	0.05%
CRI	D	0.06%	0.03%	0.03%
CRL	F	0.07%	0.12%	0.07%
CROX	D	0.04%	0.07%	0.04%
CRUS	D	0.07%	0.08%	0.07%
CSGP	D	0.15%	0.37%	0.15%
CSL	B	0.04%	0.19%	0.04%
CTLT	B	0.09%	0.12%	0.09%
CTRA	D	0.17%	0.19%	0.17%
CTSH	C	0.07%	0.44%	0.07%
CTVA	B	0.17%	0.45%	0.17%
CUBE	B	0.17%	0.14%	0.14%
CUZ	B	0.18%	0.05%	0.05%
CVNA	B	0.07%	0.11%	0.07%
CW	B	0.05%	0.14%	0.05%
CWEN	C	0.22%	0.03%	0.03%
CWEN	C	0.22%	0.01%	0.01%
CZR	C	0.05%	0.1%	0.05%
DAL	C	0.05%	0.33%	0.05%
DAR	F	0.16%	0.06%	0.06%
DAY	D	0.07%	0.09%	0.07%
DBX	D	0.07%	0.05%	0.05%
DCI	C	0.04%	0.1%	0.04%
DD	B	0.05%	0.39%	0.05%
DDS	F	0.04%	0.01%	0.01%
DFS	B	0.06%	0.38%	0.06%
DG	F	0.03%	0.21%	0.03%
DGX	B	0.09%	0.2%	0.09%
DHI	B	0.07%	0.66%	0.07%
DINO	F	0.17%	0.08%	0.08%
DJT	F	0.04%	0.0%	0.0%
DKS	D	0.05%	0.13%	0.05%
DLB	D	0.05%	0.05%	0.05%
DLR	B	0.16%	0.59%	0.16%
DLTR	F	0.03%	0.16%	0.03%
DNB	C	0.08%	0.04%	0.04%
DOC	C	0.17%	0.18%	0.17%
DOCS	B	0.11%	0.05%	0.05%
DOV	B	0.05%	0.29%	0.05%
DOW	D	0.04%	0.4%	0.04%
DOX	C	0.07%	0.11%	0.07%
DPZ	F	0.04%	0.1%	0.04%
DRI	B	0.05%	0.1%	0.05%
DTE	C	0.23%	0.3%	0.23%
DTM	B	0.22%	0.09%	0.09%
DV	F	0.06%	0.01%	0.01%
DVN	F	0.17%	0.28%	0.17%
DXC	C	0.07%	0.04%	0.04%
EA	D	0.05%	0.45%	0.05%
EBAY	B	0.06%	0.37%	0.06%
ED	C	0.23%	0.41%	0.23%
EEFT	D	0.04%	0.05%	0.04%
EFX	B	0.06%	0.34%	0.06%
EG	C	0.06%	0.16%	0.06%
EGP	B	0.16%	0.1%	0.1%
EHC	C	0.09%	0.11%	0.09%
EIX	C	0.24%	0.37%	0.24%
ELAN	D	0.06%	0.08%	0.06%
ELS	C	0.17%	0.16%	0.16%
EME	B	0.05%	0.13%	0.05%
EMN	B	0.24%	0.14%	0.14%
ENOV	D	0.08%	0.03%	0.03%
EPAM	F	0.07%	0.12%	0.07%
EPR	B	0.17%	0.04%	0.04%
EQR	B	0.16%	0.34%	0.16%
EQT	D	0.17%	0.21%	0.17%
ES	C	0.24%	0.27%	0.24%
ESAB	C	0.05%	0.06%	0.05%
ESI	D	0.22%	0.07%	0.07%
ESS	B	0.16%	0.23%	0.16%
ETR	B	0.24%	0.31%	0.24%
ETSY	F	0.05%	0.03%	0.03%
EVR	A	0.07%	0.1%	0.07%
EVRG	B	0.23%	0.16%	0.16%
EWBC	D	0.07%	0.13%	0.07%
EXAS	C	0.12%	0.08%	0.08%
EXC	C	0.23%	0.46%	0.23%
EXEL	C	0.1%	0.01%	0.01%
EXP	B	0.06%	0.03%	0.03%
EXPD	C	0.04%	0.16%	0.04%
EXR	B	0.16%	0.43%	0.16%
FAF	B	0.08%	0.08%	0.08%
FANG	D	0.18%	0.35%	0.18%
FAST	C	0.25%	0.07%	0.07%
FCN	D	0.05%	0.09%	0.05%
FCNCA	D	0.07%	0.25%	0.07%
FDS	C	0.07%	0.13%	0.07%
FE	C	0.23%	0.29%	0.23%
FFIV	B	0.08%	0.14%	0.08%
FHB	D	0.07%	0.03%	0.03%
FHN	D	0.07%	0.1%	0.07%
FICO	B	0.06%	0.08%	0.06%
FIS	B	0.05%	0.54%	0.05%
FITB	B	0.07%	0.33%	0.07%
FIVE	D	0.04%	0.01%	0.01%
FLO	C	0.16%	0.05%	0.05%
FLS	D	0.04%	0.07%	0.04%
FMC	C	0.27%	0.09%	0.09%
FNB	C	0.07%	0.06%	0.06%
FND	C	0.05%	0.09%	0.05%
FNF	B	0.08%	0.18%	0.08%
FOXA	B	0.06%	0.11%	0.06%
FR	B	0.17%	0.09%	0.09%
FRPT	B	0.18%	0.05%	0.05%
FRT	C	0.17%	0.11%	0.11%
FSLR	C	0.18%	0.28%	0.18%
FTI	D	0.2%	0.12%	0.12%
FTRE	D	0.07%	0.02%	0.02%
FTV	C	0.05%	0.3%	0.05%
FYBR	C	0.73%	0.1%	0.1%
G	C	0.06%	0.08%	0.06%
GAP	F	0.04%	0.05%	0.04%
GEHC	C	0.09%	0.38%	0.09%
GFS	F	0.05%	0.04%	0.04%
GGG	C	0.05%	0.16%	0.05%
GIS	B	0.17%	0.48%	0.17%
GL	C	0.08%	0.11%	0.08%
GLOB	D	0.07%	0.02%	0.02%
GLPI	C	0.17%	0.16%	0.16%
GLW	C	0.07%	0.37%	0.07%
GME	F	0.04%	0.06%	0.04%
GMED	D	0.08%	0.09%	0.08%
GNRC	D	0.05%	0.05%	0.05%
GNTX	F	0.04%	0.08%	0.04%
GO	F	0.12%	0.02%	0.02%
GPC	D	0.05%	0.22%	0.05%
GPK	B	0.05%	0.1%	0.05%
GPN	D	0.05%	0.32%	0.05%
GRMN	D	0.06%	0.31%	0.06%
GTES	C	0.05%	0.04%	0.04%
GWRE	A	0.08%	0.09%	0.08%
GWW	B	0.05%	0.06%	0.05%
GXO	D	0.05%	0.07%	0.05%
H	C	0.05%	0.06%	0.05%
HAL	F	0.17%	0.28%	0.17%
HAS	B	0.06%	0.01%	0.01%
HAYW	C	0.05%	0.02%	0.02%
HBAN	B	0.07%	0.24%	0.07%
HCP	B	0.06%	0.01%	0.01%
HES	F	0.17%	0.14%	0.14%
HHH	C	0.16%	0.03%	0.03%
HIG	B	0.07%	0.39%	0.07%
HII	D	0.05%	0.12%	0.05%
HIW	B	0.18%	0.04%	0.04%
HLI	B	0.07%	0.08%	0.07%
HLT	B	0.05%	0.3%	0.05%
HOG	C	0.06%	0.05%	0.05%
HOLX	B	0.09%	0.21%	0.09%
HOOD	C	0.06%	0.17%	0.06%
HPE	D	0.05%	0.25%	0.05%
HPQ	D	0.06%	0.28%	0.06%
HRB	C	0.06%	0.08%	0.06%
HRL	C	0.17%	0.11%	0.11%
HSIC	C	0.08%	0.1%	0.08%
HST	C	0.14%	0.14%	0.14%
HSY	C	0.17%	0.29%	0.17%
HUBB	B	0.05%	0.25%	0.05%
HUM	F	0.07%	0.44%	0.07%
HUN	D	0.22%	0.04%	0.04%
HWM	B	0.05%	0.41%	0.05%
HXL	F	0.22%	0.06%	0.06%
IAC	C	0.07%	0.04%	0.04%
IBKR	B	0.06%	0.15%	0.06%
IDA	C	0.23%	0.06%	0.06%
IEX	D	0.04%	0.17%	0.04%
IFF	B	0.25%	0.3%	0.25%
ILMN	C	0.1%	0.24%	0.1%
INCY	C	0.08%	0.13%	0.08%
INFA	D	0.05%	0.02%	0.02%
INGR	B	0.19%	0.1%	0.1%
INVH	C	0.15%	0.26%	0.15%
IONS	F	0.08%	0.01%	0.01%
IP	B	0.24%	0.19%	0.19%
IPG	C	0.05%	0.13%	0.05%
IPGP	F	0.05%	0.02%	0.02%
IQV	C	0.09%	0.44%	0.09%
IR	C	0.04%	0.42%	0.04%
IRDM	D	0.53%	0.03%	0.03%
IRM	C	0.19%	0.17%	0.17%
ITT	B	0.05%	0.13%	0.05%
IVZ	B	0.07%	0.07%	0.07%
J	C	0.05%	0.21%	0.05%
JAZZ	D	0.08%	0.08%	0.08%
JBHT	D	0.05%	0.16%	0.05%
JBL	D	0.06%	0.13%	0.06%
JEF	B	0.08%	0.09%	0.08%
JHG	B	0.07%	0.05%	0.05%
JKHY	B	0.05%	0.15%	0.05%
JLL	B	0.17%	0.1%	0.1%
JNPR	B	0.56%	0.14%	0.14%
JWN	C	0.05%	0.03%	0.03%
K	B	0.22%	0.24%	0.22%
KBR	D	0.06%	0.09%	0.06%
KD	D	0.06%	0.06%	0.06%
KEX	C	0.04%	0.08%	0.04%
KEY	B	0.07%	0.17%	0.07%
KEYS	C	0.05%	0.3%	0.05%
KIM	C	0.18%	0.18%	0.18%
KMI	B	0.21%	0.47%	0.21%
KMPR	D	0.06%	0.04%	0.04%
KMX	D	0.06%	0.13%	0.06%
KNX	C	0.05%	0.1%	0.05%
KR	C	0.18%	0.42%	0.18%
KRC	B	0.16%	0.05%	0.05%
KSS	F	0.05%	0.03%	0.03%
KVUE	C	0.2%	0.51%	0.2%
L	C	0.06%	0.16%	0.06%
LAD	D	0.06%	0.09%	0.06%
LAMR	B	0.16%	0.1%	0.1%
LBRDK	F	0.61%	0.06%	0.06%
LCID	C	0.08%	0.04%	0.04%
LDOS	B	0.07%	0.24%	0.07%
LEA	F	0.05%	0.07%	0.05%
LECO	F	0.04%	0.08%	0.04%
LEG	D	0.05%	0.02%	0.02%
LEN	B	0.06%	0.02%	0.02%
LEN	B	0.06%	0.51%	0.06%
LFUS	C	0.04%	0.07%	0.04%
LHX	C	0.05%	0.5%	0.05%
LITE	B	0.58%	0.04%	0.04%
LKQ	F	0.05%	0.12%	0.05%
LNC	D	0.06%	0.06%	0.06%
LNG	C	0.22%	0.23%	0.22%
LNT	B	0.23%	0.17%	0.17%
LOPE	D	0.05%	0.03%	0.03%
LPX	B	0.05%	0.02%	0.02%
LSCC	D	0.05%	0.01%	0.01%
LSTR	D	0.05%	0.08%	0.05%
LUV	C	0.05%	0.2%	0.05%
LW	D	0.12%	0.07%	0.07%
LYB	D	0.23%	0.28%	0.23%
LYFT	D	0.04%	0.01%	0.01%
M	F	0.04%	0.05%	0.04%
MAA	B	0.17%	0.22%	0.17%
MAN	C	0.04%	0.04%	0.04%
MAS	B	0.05%	0.2%	0.05%
MASI	F	0.07%	0.03%	0.03%
MAT	C	0.06%	0.07%	0.06%
MCHP	F	0.05%	0.47%	0.05%
MDU	C	0.05%	0.06%	0.05%
MGM	F	0.04%	0.1%	0.04%
MHK	C	0.06%	0.1%	0.06%
MIDD	D	0.05%	0.08%	0.05%
MKC	C	0.19%	0.24%	0.19%
MKL	C	0.06%	0.18%	0.06%
MKSI	F	0.04%	0.08%	0.04%
MKTX	C	0.08%	0.11%	0.08%
MLM	D	0.04%	0.35%	0.04%
MOH	D	0.09%	0.09%	0.09%
MOS	F	0.21%	0.1%	0.1%
MP	D	0.24%	0.02%	0.02%
MPW	C	0.17%	0.04%	0.04%
MRO	C	0.19%	0.17%	0.17%
MSA	D	0.04%	0.08%	0.04%
MSCI	C	0.07%	0.21%	0.07%
MSGS	B	0.06%	0.04%	0.04%
MSM	D	0.05%	0.04%	0.04%
MSTR	D	0.06%	0.24%	0.06%
MTB	B	0.07%	0.32%	0.07%
MTCH	C	0.07%	0.11%	0.07%
MTD	D	0.04%	0.33%	0.04%
MTDR	F	0.17%	0.06%	0.06%
MTG	B	0.07%	0.08%	0.07%
MTN	D	0.05%	0.01%	0.01%
MTSI	D	0.06%	0.06%	0.06%
MTZ	B	0.05%	0.08%	0.05%
NCNO	D	0.06%	0.01%	0.01%
NDAQ	A	0.08%	0.35%	0.08%
NDSN	C	0.05%	0.16%	0.05%
NEU	D	0.25%	0.04%	0.04%
NFE	F	0.1%	0.0%	0.0%
NFG	B	0.22%	0.06%	0.06%
NI	B	0.24%	0.17%	0.17%
NNN	C	0.16%	0.1%	0.1%
NOV	F	0.18%	0.07%	0.07%
NRG	C	0.2%	0.12%	0.12%
NSA	B	0.16%	0.04%	0.04%
NTAP	D	0.06%	0.15%	0.06%
NTNX	C	0.07%	0.12%	0.07%
NTRS	A	0.07%	0.21%	0.07%
NUE	F	0.21%	0.4%	0.21%
NVR	B	0.06%	0.32%	0.06%
NVST	D	0.09%	0.04%	0.04%
NVT	D	0.04%	0.13%	0.04%
NWL	C	0.06%	0.04%	0.04%
NWSA	D	0.05%	0.11%	0.05%
NXST	D	0.05%	0.04%	0.04%
NYT	C	0.05%	0.1%	0.05%
O	C	0.17%	0.62%	0.17%
OC	D	0.04%	0.16%	0.04%
OGE	C	0.23%	0.09%	0.09%
OGN	D	0.08%	0.06%	0.06%
OHI	B	0.18%	0.11%	0.11%
OKE	B	0.23%	0.61%	0.23%
OKTA	F	0.05%	0.07%	0.05%
OLED	C	0.06%	0.06%	0.06%
OLLI	C	0.05%	0.07%	0.05%
OLN	D	0.2%	0.06%	0.06%
OMC	B	0.06%	0.22%	0.06%
OMF	D	0.06%	0.06%	0.06%
ON	D	0.06%	0.35%	0.06%
ONTO	D	0.05%	0.08%	0.05%
ORI	B	0.07%	0.1%	0.07%
OSK	F	0.04%	0.08%	0.04%
OTIS	C	0.04%	0.44%	0.04%
OVV	F	0.17%	0.12%	0.12%
OZK	D	0.06%	0.05%	0.05%
PAG	D	0.05%	0.03%	0.03%
PARA	F	0.05%	0.07%	0.05%
PATH	D	0.07%	0.01%	0.01%
PAYC	D	0.07%	0.04%	0.04%
PAYX	C	0.05%	0.32%	0.05%
PB	B	0.08%	0.08%	0.08%
PCG	C	0.22%	0.48%	0.22%
PEG	B	0.23%	0.48%	0.23%
PENN	D	0.05%	0.03%	0.03%
PFG	B	0.06%	0.22%	0.06%
PFGC	B	0.17%	0.11%	0.11%
PHM	B	0.07%	0.33%	0.07%
PII	D	0.05%	0.05%	0.05%
PINC	C	0.09%	0.03%	0.03%
PK	D	0.13%	0.03%	0.03%
PKG	B	0.05%	0.21%	0.05%
PLNT	B	0.06%	0.04%	0.04%
PLTK	C	0.05%	0.01%	0.01%
PNFP	B	0.07%	0.08%	0.07%
PNR	B	0.05%	0.17%	0.05%
PNW	C	0.24%	0.12%	0.12%
POST	C	0.18%	0.07%	0.07%
PPC	D	0.18%	0.02%	0.02%
PPG	D	0.04%	0.34%	0.04%
PPL	C	0.23%	0.27%	0.23%
PR	F	0.17%	0.08%	0.08%
PRGO	D	0.09%	0.04%	0.04%
PRI	B	0.07%	0.1%	0.07%
PRU	C	0.06%	0.48%	0.06%
PSN	B	0.08%	0.05%	0.05%
PSTG	F	0.05%	0.02%	0.02%
PTC	D	0.06%	0.09%	0.06%
PVH	F	0.04%	0.06%	0.04%
PWR	B	0.04%	0.31%	0.04%
PYCR	D	0.07%	0.01%	0.01%
QRVO	F	0.06%	0.12%	0.06%
QS	F	0.06%	0.02%	0.02%
R	A	0.05%	0.07%	0.05%
RBC	C	0.25%	0.09%	0.09%
RCL	B	0.06%	0.3%	0.06%
RCM	C	0.09%	0.03%	0.03%
REG	C	0.17%	0.16%	0.16%
REXR	C	0.16%	0.12%	0.12%
REYN	C	0.18%	0.02%	0.02%
RF	B	0.07%	0.23%	0.07%
RGA	C	0.06%	0.16%	0.06%
RGEN	F	0.1%	0.08%	0.08%
RGLD	C	0.27%	0.11%	0.11%
RH	B	0.06%	0.04%	0.04%
RHI	D	0.04%	0.07%	0.04%
RIVN	F	0.07%	0.13%	0.07%
RJF	C	0.06%	0.26%	0.06%
RKT	C	0.08%	0.03%	0.03%
RL	C	0.05%	0.08%	0.05%
RLI	B	0.07%	0.07%	0.07%
RMD	C	0.09%	0.3%	0.09%
RNR	C	0.07%	0.15%	0.07%
ROK	D	0.05%	0.31%	0.05%
ROKU	C	0.7%	0.09%	0.09%
ROST	C	0.05%	0.45%	0.05%
RPM	B	0.05%	0.14%	0.05%
RPRX	C	0.08%	0.12%	0.08%
RRC	D	0.17%	0.08%	0.08%
RRX	C	0.05%	0.12%	0.05%
RS	D	0.23%	0.18%	0.18%
RYN	C	0.15%	0.05%	0.05%
S	C	0.08%	0.05%	0.05%
SAIA	D	0.04%	0.05%	0.04%
SAIC	C	0.07%	0.08%	0.07%
SAM	F	0.15%	0.02%	0.02%
SBAC	C	0.18%	0.3%	0.18%
SCI	B	0.06%	0.13%	0.06%
SEB	D	0.17%	0.01%	0.01%
SEE	D	0.04%	0.03%	0.03%
SEG	C	0.01%	0.0%	0.0%
SEIC	C	0.06%	0.08%	0.06%
SF	A	0.06%	0.1%	0.06%
SHC	C	0.11%	0.03%	0.03%
SITE	C	0.05%	0.05%	0.05%
SJM	C	0.17%	0.14%	0.14%
SKX	D	0.05%	0.09%	0.05%
SLGN	B	0.05%	0.05%	0.05%
SLM	D	0.07%	0.05%	0.05%
SMG	C	0.24%	0.03%	0.03%
SN	B	0.07%	0.06%	0.06%
SNA	C	0.05%	0.17%	0.05%
SNDR	B	0.06%	0.02%	0.02%
SNV	C	0.07%	0.08%	0.07%
SNX	D	0.05%	0.1%	0.05%
SOFI	C	0.07%	0.08%	0.07%
SOLV	C	0.1%	0.11%	0.1%
SON	C	0.04%	0.06%	0.04%
SPB	C	0.16%	0.03%	0.03%
SPG	B	0.16%	0.45%	0.16%
SPR	D	0.05%	0.04%	0.04%
SQ	D	0.05%	0.24%	0.05%
SRCL	A	0.22%	0.07%	0.07%
SSD	D	0.05%	0.08%	0.05%
SSNC	B	0.07%	0.19%	0.07%
ST	D	0.04%	0.06%	0.04%
STAG	C	0.16%	0.08%	0.08%
STE	C	0.09%	0.28%	0.09%
STLD	F	0.21%	0.19%	0.19%
STT	A	0.07%	0.29%	0.07%
STWD	B	0.06%	0.07%	0.06%
SUI	B	0.18%	0.21%	0.18%
SWK	B	0.05%	0.18%	0.05%
SWKS	D	0.06%	0.19%	0.06%
SWN	D	0.18%	0.08%	0.08%
SYF	C	0.05%	0.22%	0.05%
SYY	D	0.17%	0.17%	0.17%
TAP	D	0.17%	0.11%	0.11%
TDY	B	0.05%	0.23%	0.05%
TECH	C	0.08%	0.13%	0.08%
TER	D	0.05%	0.02%	0.02%
TFSL	C	0.07%	0.01%	0.01%
TFX	C	0.1%	0.13%	0.1%
THC	A	0.09%	0.18%	0.09%
THG	B	0.07%	0.06%	0.06%
THO	D	0.06%	0.06%	0.06%
TKO	B	0.06%	0.09%	0.06%
TKR	D	0.23%	0.06%	0.06%
TNL	D	0.05%	0.03%	0.03%
TOL	B	0.06%	0.18%	0.06%
TPG	B	0.08%	0.04%	0.04%
TPR	C	0.05%	0.11%	0.05%
TRIP	F	0.04%	0.02%	0.02%
TRMB	C	0.05%	0.16%	0.05%
TROW	D	0.06%	0.26%	0.06%
TRU	B	0.06%	0.21%	0.06%
TSN	C	0.18%	0.2%	0.18%
TTC	D	0.04%	0.1%	0.04%
TTEK	C	0.05%	0.11%	0.05%
TTWO	C	0.05%	0.29%	0.05%
TW	B	0.07%	0.09%	0.07%
TWLO	D	0.07%	0.1%	0.07%
TXG	D	0.09%	0.01%	0.01%
TXT	D	0.05%	0.19%	0.05%
TYL	C	0.08%	0.04%	0.04%
U	D	0.08%	0.04%	0.04%
UAA	C	0.05%	0.02%	0.02%
UAL	C	0.05%	0.19%	0.05%
UDR	C	0.16%	0.18%	0.16%
UGI	C	0.21%	0.06%	0.06%
UHAL	A	0.06%	0.05%	0.05%
UHAL	A	0.06%	0.0%	0.0%
UHS	B	0.1%	0.15%	0.1%
UI	B	0.73%	0.01%	0.01%
ULTA	D	0.05%	0.03%	0.03%
UNM	B	0.07%	0.12%	0.07%
URI	B	0.05%	0.42%	0.05%
USFD	B	0.18%	0.16%	0.16%
UTHR	C	0.09%	0.17%	0.09%
UWMC	D	0.08%	0.0%	0.0%
VAC	F	0.04%	0.03%	0.03%
VFC	C	0.06%	0.07%	0.06%
VICI	C	0.17%	0.41%	0.17%
VIRT	C	0.08%	0.03%	0.03%
VLTO	C	0.05%	0.17%	0.05%
VMC	D	0.04%	0.27%	0.04%
VMI	D	0.05%	0.06%	0.05%
VNO	B	0.2%	0.07%	0.07%
VNT	F	0.04%	0.06%	0.04%
VOYA	B	0.06%	0.09%	0.06%
VRSN	D	0.06%	0.17%	0.06%
VSTS	D	0.06%	0.02%	0.02%
VTR	C	0.19%	0.3%	0.19%
VTRS	D	0.09%	0.16%	0.09%
W	D	0.04%	0.05%	0.04%
WAB	B	0.05%	0.34%	0.05%
WAL	B	0.08%	0.1%	0.08%
WAT	C	0.05%	0.09%	0.05%
WBA	F	0.09%	0.08%	0.08%
WBD	D	0.06%	0.24%	0.06%
WBS	D	0.07%	0.09%	0.07%
WCC	D	0.04%	0.08%	0.04%
WDC	D	0.05%	0.24%	0.05%
WEC	C	0.24%	0.35%	0.24%
WEN	C	0.05%	0.02%	0.02%
WEX	C	0.05%	0.09%	0.05%
WH	B	0.05%	0.06%	0.05%
WHR	D	0.05%	0.06%	0.05%
WLK	D	0.21%	0.05%	0.05%
WMB	B	0.22%	0.63%	0.22%
WMS	D	0.04%	0.07%	0.04%
WOLF	F	0.02%	0.01%	0.01%
WPC	C	0.16%	0.16%	0.16%
WRB	C	0.07%	0.21%	0.07%
WSC	D	0.05%	0.06%	0.05%
WSM	D	0.05%	0.09%	0.05%
WSO	C	0.04%	0.19%	0.04%
WST	D	0.07%	0.1%	0.07%
WTFC	B	0.07%	0.08%	0.07%
WTM	D	0.06%	0.05%	0.05%
WTRG	D	0.21%	0.11%	0.11%
WTW	C	0.07%	0.34%	0.07%
WU	F	0.04%	0.03%	0.03%
WWD	D	0.04%	0.11%	0.04%
WY	C	0.16%	0.27%	0.16%
WYNN	D	0.04%	0.08%	0.04%
X	F	0.22%	0.09%	0.09%
XEL	B	0.24%	0.41%	0.24%
XRAY	D	0.08%	0.06%	0.06%
XYL	C	0.04%	0.36%	0.04%
YETI	D	0.05%	0.03%	0.03%
YUM	D	0.05%	0.27%	0.05%
Z	B	0.17%	0.11%	0.11%
ZBH	F	0.08%	0.25%	0.08%
ZBRA	B	0.05%	0.16%	0.05%
ZI	D	0.05%	0.04%	0.04%
ZION	D	0.07%	0.08%	0.07%
ZM	C	0.07%	0.19%	0.07%

EQAL Overweight 295 Positions Relative to IWS

Symbol	Grade	Weight
T	C	0.61%
TMUS	C	0.59%
MSI	B	0.58%
VZ	B	0.56%
CSCO	C	0.54%
CMCSA	D	0.53%
ANET	B	0.53%
NEM	B	0.29%
LIN	B	0.25%
TRGP	B	0.24%
DUK	C	0.24%
AEP	C	0.24%
ECL	B	0.24%
APD	B	0.24%
SO	B	0.23%
VVV	D	0.23%
D	C	0.23%
NEE	C	0.23%
RSG	D	0.22%
SRE	C	0.22%
TPL	B	0.21%
SCCO	D	0.21%
PM	C	0.2%
EOG	D	0.2%
FCX	D	0.2%
ENPH	D	0.2%
WM	D	0.2%
XOM	C	0.2%
COP	D	0.19%
MPC	F	0.19%
CLX	C	0.19%
CL	D	0.18%
AMT	C	0.18%
SLB	F	0.18%
VLO	F	0.18%
PSA	B	0.18%
CVX	D	0.18%
WELL	C	0.18%
MDLZ	B	0.18%
KO	C	0.18%
VST	C	0.18%
PSX	F	0.18%
MO	C	0.18%
PG	C	0.17%
PEP	C	0.17%
CEG	C	0.17%
PLD	C	0.17%
KHC	C	0.17%
KDP	B	0.17%
WFRD	F	0.16%
KMB	D	0.16%
EQIX	C	0.16%
OXY	F	0.16%
MNST	D	0.16%
CVS	D	0.15%
STZ	D	0.15%
MCK	F	0.14%
RARE	B	0.12%
VEEV	C	0.1%
INSP	C	0.1%
UNH	C	0.1%
GILD	B	0.1%
VKTX	C	0.1%
LLY	C	0.09%
AMGN	B	0.09%
CI	C	0.09%
SYK	C	0.09%
QGEN	C	0.09%
BSX	B	0.09%
DHR	B	0.09%
ABT	C	0.09%
TMO	B	0.09%
REGN	C	0.09%
JNJ	C	0.09%
MDT	C	0.09%
ABBV	C	0.09%
ZTS	C	0.09%
DVA	B	0.09%
PEN	D	0.09%
ISRG	B	0.09%
PODD	B	0.09%
HCA	B	0.09%
NTRA	C	0.09%
BMY	C	0.09%
IBM	B	0.08%
DT	C	0.08%
SMAR	C	0.08%
ICE	C	0.08%
GTLB	D	0.08%
BDX	D	0.08%
FTNT	C	0.08%
ITCI	D	0.08%
IDXX	C	0.08%
SRPT	D	0.08%
VRTX	D	0.08%
ELV	C	0.08%
MDB	D	0.08%
PLTR	B	0.08%
PFE	C	0.08%
APP	C	0.08%
CELH	F	0.08%
TEAM	D	0.07%
INTU	C	0.07%
META	B	0.07%
RBLX	B	0.07%
TSLA	C	0.07%
AAPL	C	0.07%
ADSK	C	0.07%
MET	B	0.07%
MORN	C	0.07%
ARES	B	0.07%
MMC	C	0.07%
DOCU	C	0.07%
MPWR	C	0.07%
CB	B	0.07%
KKR	B	0.07%
CME	C	0.07%
GDDY	C	0.07%
BRK.A	C	0.07%
PANW	D	0.07%
TRV	C	0.07%
IT	B	0.07%
MEDP	F	0.07%
USB	B	0.07%
ORCL	C	0.07%
MANH	B	0.07%
ADBE	F	0.07%
MCO	B	0.07%
BLK	B	0.07%
TFC	C	0.07%
MRK	D	0.07%
RYAN	D	0.07%
PEGA	C	0.07%
KNSL	C	0.07%
PNC	B	0.07%
WDAY	D	0.07%
NBIX	F	0.07%
DASH	C	0.07%
AON	B	0.07%
BX	B	0.07%
SPGI	B	0.07%
PGR	B	0.07%
APLS	F	0.07%
NOW	B	0.07%
NU	B	0.07%
SNOW	F	0.06%
TJX	B	0.06%
GEV	B	0.06%
SPOT	B	0.06%
TTD	B	0.06%
LMT	C	0.06%
PCOR	F	0.06%
RBA	B	0.06%
NVDA	D	0.06%
SHW	B	0.06%
PH	B	0.06%
LOW	B	0.06%
NCLH	C	0.06%
LNW	B	0.06%
APH	D	0.06%
MUSA	D	0.06%
CRBG	D	0.06%
AMD	D	0.06%
ZS	F	0.06%
CPNG	B	0.06%
BSY	D	0.06%
C	C	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	B	0.06%
BURL	B	0.06%
AXON	B	0.06%
EQH	C	0.06%
ADI	C	0.06%
APPF	D	0.06%
OWL	C	0.06%
WMT	C	0.06%
BAC	D	0.06%
ROP	C	0.06%
AIG	D	0.06%
EW	F	0.06%
MS	D	0.06%
NET	D	0.06%
MRVL	C	0.06%
TXN	C	0.06%
TOST	C	0.06%
RNG	F	0.06%
SBUX	C	0.06%
GS	C	0.06%
XP	D	0.06%
JPM	D	0.06%
CRM	D	0.06%
DIS	D	0.05%
CMG	C	0.05%
COF	B	0.05%
NKE	D	0.05%
LVS	D	0.05%
GD	B	0.05%
BAH	C	0.05%
VRSK	D	0.05%
CSX	D	0.05%
F	F	0.05%
DKNG	C	0.05%
DE	B	0.05%
ITW	C	0.05%
XPO	D	0.05%
TDG	B	0.05%
DELL	D	0.05%
GE	B	0.05%
V	C	0.05%
CAT	B	0.05%
AMAT	D	0.05%
QCOM	D	0.05%
DECK	C	0.05%
JCI	B	0.05%
DXCM	F	0.05%
FIX	B	0.05%
LII	B	0.05%
TT	B	0.05%
MAR	C	0.05%
TXRH	C	0.05%
SNPS	D	0.05%
GM	C	0.05%
ODFL	D	0.05%
UBER	C	0.05%
WING	B	0.05%
CPRT	D	0.05%
ENTG	F	0.05%
MA	B	0.05%
UNP	C	0.05%
BKNG	C	0.05%
AXP	B	0.05%
TDC	F	0.05%
TSCO	C	0.05%
ADP	B	0.05%
HEI	B	0.05%
FDX	C	0.05%
NSC	C	0.05%
FOUR	C	0.05%
AMZN	C	0.05%
ACN	C	0.05%
NFLX	B	0.05%
RTX	C	0.05%
PCTY	C	0.05%
ROL	C	0.05%
TPX	C	0.05%
CHDN	C	0.05%
CDNS	D	0.05%
CTAS	B	0.05%
SCHW	D	0.05%
ORLY	C	0.05%
AAON	B	0.05%
CPAY	B	0.05%
TGT	C	0.05%
CARR	B	0.05%
POOL	C	0.05%
PYPL	B	0.05%
AZO	D	0.05%
EXPE	C	0.05%
LYV	B	0.05%
COST	B	0.05%
GOOGL	D	0.05%
NOC	B	0.05%
HD	B	0.05%
WFC	D	0.05%
KLAC	D	0.05%
HUBS	D	0.05%
MU	F	0.04%
EL	F	0.04%
INTC	F	0.04%
ABNB	D	0.04%
PINS	F	0.04%
CRWD	D	0.04%
MRNA	F	0.04%
ESTC	F	0.04%
BA	F	0.04%
ETN	C	0.04%
EMR	D	0.04%
UPS	D	0.04%
FIVN	F	0.04%
LULU	D	0.04%
LRCX	F	0.04%
PCAR	D	0.04%
HON	D	0.04%
ADTN	D	0.04%
LPLA	D	0.04%
CFLT	F	0.04%
ELF	F	0.03%
SMCI	F	0.03%
TREX	D	0.03%

EQAL Underweight 36 Positions Relative to IWS

Symbol	Grade	Weight
FERG	D	-0.42%
COO	B	-0.25%
LH	C	-0.21%
GEN	B	-0.17%
RVTY	B	-0.17%
SW	B	-0.13%
NLY	B	-0.12%
FBIN	B	-0.12%
FWONK	C	-0.11%
HR	C	-0.08%
RITM	B	-0.07%
SIRI	C	-0.07%
AZPN	B	-0.07%
CART	A	-0.07%
CCCS	D	-0.06%
FOX	B	-0.06%
ROIV	C	-0.05%
NWS	D	-0.04%
LBTYA	B	-0.04%
LBTYK	B	-0.04%
QDEL	D	-0.03%
VNOM	C	-0.03%
ZG	B	-0.03%
CXT	D	-0.03%
UA	D	-0.02%
AS	C	-0.02%
LLYVK	B	-0.02%
ADT	C	-0.02%
LAZ	B	-0.01%
LBRDA	F	-0.01%
LLYVA	B	-0.01%
ALAB	D	-0.01%
FWONA	C	-0.01%
LOAR	C	-0.0%
PARAA	D	-0.0%
GRAL	F	-0.0%