EQAL vs. PFF ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to iShares US Preferred Stock ETF (PFF)

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

$48.26

Average Daily Volume

21,572

Number of Holdings ^*

964

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. 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 S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.27

Average Daily Volume

3,561,207

Number of Holdings ^*

225

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	PFF
30 Days	2.14%	3.98%
60 Days	7.11%	6.37%
90 Days	9.07%	6.75%
12 Months	27.49%	21.66%

75 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in PFF	Overlap
ADC	B	0.14%	0.09%	0.09%
AGNC	C	0.06%	0.14%	0.06%
AL	D	0.05%	0.16%	0.05%
ALB	D	0.26%	1.3%	0.26%
ALL	B	0.06%	0.18%	0.06%
AMG	B	0.07%	0.09%	0.07%
AMH	D	0.13%	0.07%	0.07%
APO	A	0.07%	0.41%	0.07%
AXS	A	0.07%	0.32%	0.07%
BAC	D	0.06%	0.06%	0.06%
BC	D	0.05%	0.08%	0.05%
BHF	F	0.06%	0.16%	0.06%
C	B	0.07%	1.67%	0.07%
CFG	D	0.06%	0.26%	0.06%
CFR	D	0.07%	0.08%	0.07%
CG	C	0.07%	0.25%	0.07%
CMS	A	0.21%	0.11%	0.11%
COF	C	0.05%	0.07%	0.05%
CTVA	A	0.17%	0.08%	0.08%
DLR	C	0.14%	0.12%	0.12%
DTE	A	0.21%	0.12%	0.12%
DUK	A	0.2%	0.62%	0.2%
EIX	A	0.21%	0.12%	0.12%
EPR	C	0.14%	0.07%	0.07%
EQH	C	0.07%	0.15%	0.07%
F	D	0.05%	0.38%	0.05%
FCNCA	D	0.06%	0.2%	0.06%
FHN	D	0.06%	0.07%	0.06%
FITB	C	0.07%	0.13%	0.07%
FRT	D	0.14%	0.08%	0.08%
GL	C	0.06%	0.15%	0.06%
GS	C	0.07%	0.12%	0.07%
HBAN	D	0.07%	0.11%	0.07%
HIG	A	0.07%	0.21%	0.07%
JPM	D	0.06%	0.43%	0.06%
KEY	C	0.07%	0.24%	0.07%
KIM	C	0.14%	0.13%	0.13%
KKR	A	0.07%	0.26%	0.07%
KMI	A	0.22%	0.13%	0.13%
KMPR	D	0.06%	0.09%	0.06%
LNC	D	0.07%	0.35%	0.07%
MET	A	0.07%	0.37%	0.07%
MS	B	0.06%	0.26%	0.06%
MTB	C	0.07%	0.16%	0.07%
NEE	A	0.21%	1.15%	0.21%
NEE	A	0.21%	0.42%	0.21%
NSA	C	0.14%	0.14%	0.14%
NTRS	C	0.07%	0.23%	0.07%
O	A	0.14%	0.1%	0.1%
PCG	B	0.2%	0.07%	0.07%
PNFP	D	0.07%	0.14%	0.07%
PRU	C	0.06%	0.19%	0.06%
PSA	C	0.14%	0.07%	0.07%
RBC	C	0.25%	0.38%	0.25%
REG	C	0.14%	0.07%	0.07%
RF	C	0.07%	0.19%	0.07%
RNR	A	0.07%	0.15%	0.07%
SCHW	D	0.07%	0.34%	0.07%
SF	A	0.07%	0.1%	0.07%
SNV	D	0.06%	0.12%	0.06%
SO	A	0.21%	0.41%	0.21%
STT	C	0.07%	0.31%	0.07%
SYF	B	0.05%	0.32%	0.05%
T	A	0.52%	0.93%	0.52%
T	A	0.52%	0.67%	0.52%
TFC	D	0.06%	0.1%	0.06%
TPG	B	0.07%	0.26%	0.07%
USB	C	0.07%	0.23%	0.07%
VNO	A	0.15%	0.12%	0.12%
VOYA	A	0.06%	0.19%	0.06%
WAL	C	0.07%	0.16%	0.07%
WBS	D	0.07%	0.08%	0.07%
WCC	C	0.05%	0.35%	0.05%
WFC	D	0.07%	0.3%	0.07%
WRB	B	0.06%	0.12%	0.06%

EQAL Overweight 891 Positions Relative to PFF

Symbol	Grade	Weight
LBRDK	B	0.66%
IRDM	B	0.61%
LITE	A	0.61%
CIEN	A	0.58%
UI	A	0.56%
CSCO	A	0.55%
ANET	A	0.55%
CMCSA	B	0.54%
VZ	A	0.53%
JNPR	B	0.52%
TMUS	A	0.52%
MSI	A	0.52%
FYBR	C	0.51%
ROKU	C	0.51%
CHTR	D	0.49%
MP	B	0.32%
SMG	A	0.31%
VST	A	0.3%
FCX	B	0.3%
AA	B	0.3%
CC	D	0.29%
SCCO	B	0.29%
STLD	B	0.28%
CE	D	0.28%
OLN	D	0.28%
CLF	D	0.27%
EMN	C	0.27%
CEG	B	0.27%
HUN	B	0.27%
RS	D	0.26%
FMC	B	0.26%
ESI	B	0.26%
NUE	D	0.26%
APD	C	0.26%
MOS	D	0.26%
TKR	D	0.26%
CF	A	0.26%
WLK	C	0.26%
LIN	B	0.25%
ECL	B	0.25%
AVY	C	0.25%
NEM	C	0.25%
IP	C	0.25%
IFF	C	0.25%
X	F	0.25%
LYB	D	0.25%
ASH	F	0.25%
FAST	B	0.25%
NEU	F	0.24%
RGLD	C	0.24%
HXL	F	0.24%
EQT	B	0.23%
CHK	D	0.23%
NRG	A	0.23%
SWN	D	0.23%
RRC	D	0.22%
ETR	A	0.22%
SLB	D	0.22%
FTI	B	0.22%
CWEN	C	0.22%
AR	B	0.22%
FSLR	C	0.22%
ENPH	D	0.22%
BKR	B	0.22%
TPL	B	0.22%
AES	B	0.22%
EXC	A	0.21%
MPC	F	0.21%
LNG	A	0.21%
VLO	F	0.21%
COP	D	0.21%
SRE	A	0.21%
MRO	D	0.21%
OGE	A	0.21%
NI	A	0.21%
ATO	A	0.21%
HAL	F	0.21%
DINO	F	0.21%
NFG	A	0.21%
EVRG	C	0.21%
PR	F	0.21%
PPL	A	0.21%
AM	A	0.21%
DTM	A	0.21%
LNT	A	0.21%
APA	F	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%
PEG	A	0.21%
RSG	D	0.2%
DVN	F	0.2%
CIVI	F	0.2%
AWK	B	0.2%
CHRD	F	0.2%
SRCL	B	0.2%
WM	B	0.2%
AEP	C	0.2%
PNW	A	0.2%
OVV	F	0.2%
MTDR	F	0.2%
OKE	B	0.2%
FANG	D	0.2%
NOV	F	0.2%
D	A	0.2%
FE	B	0.2%
ES	C	0.2%
AGR	C	0.2%
TRGP	B	0.2%
OXY	F	0.2%
WMB	A	0.2%
WTRG	D	0.2%
IDA	C	0.2%
WEC	A	0.2%
ED	A	0.2%
CLH	C	0.2%
XEL	A	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%
WBA	F	0.17%
MNST	D	0.17%
STZ	B	0.17%
BRBR	C	0.17%
KHC	D	0.17%
SPB	C	0.17%
LW	D	0.17%
SAM	D	0.17%
SJM	C	0.17%
CVS	D	0.17%
PPC	B	0.17%
TAP	D	0.17%
PFGC	A	0.17%
FRPT	C	0.16%
CASY	D	0.16%
TSN	D	0.16%
PM	C	0.16%
KRC	C	0.16%
MO	D	0.16%
PEP	D	0.16%
ACI	F	0.16%
HSY	D	0.16%
CL	D	0.16%
REYN	D	0.16%
PG	C	0.16%
CELH	F	0.16%
CLX	B	0.16%
HRL	F	0.16%
CPB	D	0.16%
MDLZ	C	0.16%
MKC	C	0.16%
KMB	B	0.16%
ADM	D	0.16%
K	B	0.16%
Z	C	0.16%
KVUE	C	0.16%
KO	C	0.16%
CHD	C	0.16%
SEB	D	0.16%
KDP	C	0.16%
BG	F	0.16%
POST	C	0.16%
USFD	C	0.16%
SYY	B	0.16%
FLO	D	0.16%
INGR	A	0.16%
GIS	C	0.16%
COKE	B	0.16%
LAMR	C	0.15%
CBRE	A	0.15%
HHH	C	0.15%
HST	D	0.15%
JLL	B	0.15%
MPW	C	0.15%
SEG	D	0.15%
WY	B	0.15%
PK	D	0.15%
MCK	F	0.15%
CSGP	F	0.14%
PLD	D	0.14%
UDR	C	0.14%
INVH	D	0.14%
AMT	C	0.14%
AVB	C	0.14%
GLPI	A	0.14%
CCI	C	0.14%
VTR	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%
SBAC	B	0.14%
NNN	A	0.14%
BRX	C	0.14%
STAG	D	0.14%
EXR	C	0.14%
IRM	A	0.14%
CPT	C	0.14%
CUZ	C	0.14%
FR	C	0.14%
DOC	C	0.14%
WPC	C	0.14%
HIW	C	0.14%
EGP	D	0.14%
EQIX	B	0.14%
REXR	D	0.14%
RYN	C	0.14%
SPG	A	0.14%
BXP	C	0.14%
SUI	D	0.13%
ELS	D	0.13%
ESS	C	0.13%
EQR	C	0.13%
MAA	C	0.13%
MASI	B	0.1%
WST	D	0.09%
TMO	C	0.09%
HSIC	D	0.09%
CTLT	A	0.09%
ALNY	C	0.09%
AZTA	F	0.09%
DHR	C	0.09%
BMY	B	0.09%
A	B	0.09%
CHE	C	0.09%
TECH	C	0.09%
EHC	B	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	C	0.08%
MRNA	F	0.08%
LLY	D	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%
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	D	0.08%
ISRG	A	0.08%
STE	D	0.08%
WOLF	F	0.08%
AVTR	D	0.08%
EW	F	0.08%
DXCM	F	0.08%
CI	D	0.08%
EXAS	C	0.08%
JNJ	D	0.08%
VKTX	C	0.08%
IDXX	D	0.08%
VTRS	D	0.08%
BIIB	F	0.08%
SOLV	C	0.08%
HUM	F	0.08%
IQV	F	0.08%
MRK	F	0.08%
EXEL	B	0.08%
BAX	D	0.08%
UNH	B	0.08%
AMGN	D	0.08%
MDT	B	0.08%
UHS	D	0.08%
INSP	B	0.08%
ELAN	D	0.08%
CNC	F	0.08%
PFE	D	0.08%
DGX	B	0.08%
CAH	B	0.08%
SYK	C	0.08%
GMED	D	0.08%
RCM	B	0.08%
ABBV	A	0.08%
ABT	B	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	B	0.08%
XRAY	D	0.08%
SHC	C	0.08%
TFX	C	0.08%
CRL	F	0.08%
ZTS	C	0.08%
BDX	B	0.08%
QGEN	D	0.08%
RGEN	F	0.08%
ZBH	F	0.08%
HCA	B	0.08%
ILMN	B	0.08%
BIO	B	0.08%
BSX	A	0.08%
THC	C	0.08%
DVA	C	0.08%
MSTR	B	0.08%
JAZZ	F	0.08%
PINC	F	0.08%
CDW	D	0.07%
AAPL	C	0.07%
MSCI	B	0.07%
RLI	A	0.07%
CAR	D	0.07%
FNF	A	0.07%
PNC	C	0.07%
MTG	B	0.07%
FTNT	A	0.07%
BSY	D	0.07%
CB	A	0.07%
BOKF	D	0.07%
APLS	F	0.07%
NTAP	D	0.07%
LDOS	A	0.07%
DDOG	D	0.07%
KBR	C	0.07%
RJF	B	0.07%
PFG	C	0.07%
DBX	B	0.07%
IBM	B	0.07%
DFS	C	0.07%
EPAM	F	0.07%
TOST	C	0.07%
ZM	C	0.07%
ORCL	B	0.07%
RYAN	A	0.07%
APPF	C	0.07%
BK	C	0.07%
ON	F	0.07%
ADI	C	0.07%
DT	C	0.07%
ESTC	F	0.07%
GWRE	A	0.07%
PRI	A	0.07%
HLI	C	0.07%
AVGO	C	0.07%
SNPS	F	0.07%
TER	C	0.07%
CNA	D	0.07%
MORN	C	0.07%
TROW	D	0.07%
AIZ	A	0.07%
CME	A	0.07%
HOOD	C	0.07%
CMA	C	0.07%
W	D	0.07%
PLTR	A	0.07%
CRBG	C	0.07%
MCHP	F	0.07%
BRO	A	0.07%
GOOGL	B	0.07%
ENTG	D	0.07%
MANH	C	0.07%
ACGL	A	0.07%
ACHC	F	0.07%
ADSK	B	0.07%
OMF	F	0.07%
FFIV	B	0.07%
BEN	F	0.07%
MPWR	B	0.07%
BX	C	0.07%
WYNN	B	0.07%
KLAC	B	0.07%
JEF	A	0.07%
HPQ	C	0.07%
BRK.A	C	0.07%
CACC	F	0.07%
TRV	C	0.07%
IT	C	0.07%
PATH	D	0.07%
DELL	C	0.07%
ALLY	F	0.07%
GLW	B	0.07%
DOX	B	0.07%
SOFI	C	0.07%
CTSH	B	0.07%
FDS	C	0.07%
NCNO	F	0.07%
BLK	A	0.07%
ZION	D	0.07%
GDDY	D	0.07%
SNX	C	0.07%
LVS	B	0.07%
WTW	B	0.07%
MTCH	B	0.07%
AKAM	D	0.07%
META	A	0.07%
PEGA	B	0.07%
DLB	D	0.07%
UNM	A	0.07%
RNG	F	0.07%
PSN	A	0.07%
JHG	C	0.07%
PCOR	D	0.07%
S	C	0.07%
AVT	C	0.07%
HUBS	D	0.07%
CRM	B	0.07%
WTFC	D	0.07%
ARW	C	0.07%
AMD	D	0.07%
EVR	C	0.07%
TDC	D	0.07%
DASH	A	0.07%
SMAR	A	0.07%
IBKR	A	0.07%
WDC	C	0.07%
EWBC	D	0.07%
RH	C	0.07%
CACI	A	0.07%
MTSI	B	0.07%
TW	A	0.07%
CLVT	D	0.07%
SLM	C	0.07%
LRCX	D	0.07%
PINS	D	0.07%
COLB	C	0.07%
CRWD	D	0.07%
ONTO	B	0.07%
IAC	C	0.07%
AMAT	B	0.07%
ARES	A	0.07%
LPLA	D	0.07%
DOCU	B	0.07%
OWL	A	0.07%
IVZ	A	0.07%
VRT	B	0.07%
ALGM	F	0.07%
TWLO	B	0.07%
IPGP	D	0.07%
REGN	D	0.07%
JBL	D	0.07%
COIN	F	0.07%
HPE	B	0.07%
U	D	0.07%
ADBE	F	0.06%
DPZ	D	0.06%
NVR	A	0.06%
MSGS	A	0.06%
PHM	A	0.06%
MAT	D	0.06%
BIRK	F	0.06%
POOL	B	0.06%
COTY	F	0.06%
PVH	F	0.06%
VAC	D	0.06%
TTD	C	0.06%
TOL	A	0.06%
YETI	B	0.06%
HD	A	0.06%
AN	C	0.06%
KSS	D	0.06%
PLTK	C	0.06%
DIS	D	0.06%
GNTX	D	0.06%
LULU	D	0.06%
DLTR	F	0.06%
TPX	C	0.06%
TXRH	A	0.06%
LEA	F	0.06%
ARMK	A	0.06%
OMC	C	0.06%
BYD	C	0.06%
ABNB	D	0.06%
SITE	D	0.06%
MAR	B	0.06%
MDB	F	0.06%
CCL	C	0.06%
TNL	B	0.06%
GME	F	0.06%
DJT	F	0.06%
MGM	D	0.06%
ETSY	F	0.06%
TPR	B	0.06%
LYFT	D	0.06%
TRIP	F	0.06%
APTV	D	0.06%
MRVL	C	0.06%
NWL	D	0.06%
UBER	C	0.06%
CRUS	D	0.06%
LOW	A	0.06%
SPOT	B	0.06%
RL	B	0.06%
LYV	A	0.06%
FND	C	0.06%
CPNG	C	0.06%
RCL	C	0.06%
HOG	D	0.06%
TKO	A	0.06%
UAL	B	0.06%
CROX	C	0.06%
EXPE	B	0.06%
HAS	A	0.06%
LEG	D	0.06%
WBD	D	0.06%
TSLA	C	0.06%
VFC	B	0.06%
OLED	C	0.06%
AIG	F	0.06%
WSM	B	0.06%
CHH	B	0.06%
ROP	C	0.06%
UWMC	D	0.06%
SMCI	F	0.06%
CZR	B	0.06%
NKE	D	0.06%
WHR	B	0.06%
ANSS	D	0.06%
GTLB	D	0.06%
BWA	B	0.06%
INTU	F	0.06%
THO	B	0.06%
NU	D	0.06%
UHAL	A	0.06%
NCLH	C	0.06%
DAL	C	0.06%
HCP	B	0.06%
WDAY	D	0.06%
XP	F	0.06%
AGO	B	0.06%
MKL	C	0.06%
CBOE	A	0.06%
TEAM	D	0.06%
FOXA	A	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	D	0.06%
TYL	B	0.06%
CBSH	D	0.06%
NET	D	0.06%
ICE	A	0.06%
SPGI	C	0.06%
RGA	C	0.06%
PTC	D	0.06%
NOW	C	0.06%
TFSL	F	0.06%
EG	B	0.06%
MCO	D	0.06%
WTM	D	0.06%
PB	D	0.06%
DXC	D	0.06%
VIRT	B	0.06%
MKTX	C	0.06%
MMC	D	0.06%
PAYC	D	0.06%
GLOB	B	0.06%
MSFT	D	0.06%
SSNC	C	0.06%
PYCR	D	0.06%
VRSN	B	0.06%
AON	A	0.06%
CVNA	A	0.06%
KD	F	0.06%
OKTA	F	0.06%
NDAQ	C	0.06%
SNOW	F	0.06%
SEIC	B	0.06%
DUOL	B	0.06%
AJG	D	0.06%
CINF	A	0.06%
AFG	C	0.06%
AMP	A	0.06%
FHB	D	0.06%
UAA	B	0.06%
PGR	C	0.06%
DNB	D	0.06%
BR	B	0.06%
CDNS	D	0.06%
THG	C	0.06%
CFLT	F	0.06%
KNSL	D	0.06%
RKT	C	0.06%
FAF	B	0.06%
NVDA	C	0.06%
SAIC	A	0.06%
PSTG	F	0.06%
DAY	B	0.06%
APH	D	0.06%
FNB	D	0.06%
LAD	C	0.06%
GFS	F	0.06%
BPOP	D	0.06%
ZI	F	0.06%
PANW	D	0.06%
ZS	F	0.06%
BMRN	F	0.06%
QCOM	D	0.06%
AFL	A	0.06%
ORI	B	0.06%
STWD	C	0.06%
TXN	C	0.06%
OZK	F	0.06%
FIVN	F	0.06%
AMKR	F	0.06%
DCI	B	0.05%
EFX	C	0.05%
WSO	C	0.05%
CSX	D	0.05%
CTAS	B	0.05%
ROK	D	0.05%
LSTR	D	0.05%
AFRM	C	0.05%
APG	F	0.05%
SPR	D	0.05%
PPG	D	0.05%
LHX	A	0.05%
BAH	A	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	D	0.05%
JKHY	A	0.05%
XPO	F	0.05%
CSL	A	0.05%
G	A	0.05%
PAYX	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	A	0.05%
CPAY	A	0.05%
WWD	B	0.05%
GPK	C	0.05%
OTIS	A	0.05%
MKSI	F	0.05%
FI	A	0.05%
MSA	F	0.05%
SHW	B	0.05%
PWR	B	0.05%
LMT	A	0.05%
AXTA	C	0.05%
XYL	C	0.05%
FCN	C	0.05%
AXON	A	0.05%
FTV	B	0.05%
ITW	A	0.05%
UNP	D	0.05%
FIS	C	0.05%
MDU	C	0.05%
EEFT	F	0.05%
PCAR	D	0.05%
FICO	A	0.05%
ALLE	A	0.05%
LCID	D	0.05%
SAIA	D	0.05%
ATR	A	0.05%
GXO	D	0.05%
AOS	B	0.05%
MMM	C	0.05%
GTES	C	0.05%
DE	A	0.05%
NSC	C	0.05%
VLTO	A	0.05%
CHDN	D	0.05%
AYI	A	0.05%
SNDR	C	0.05%
CR	B	0.05%
TTC	D	0.05%
GGG	B	0.05%
VNT	F	0.05%
UPS	D	0.05%
MSM	D	0.05%
TRMB	B	0.05%
MLM	D	0.05%
TTEK	B	0.05%
RPM	A	0.05%
CCK	C	0.05%
ADP	A	0.05%
CGNX	F	0.05%
ESAB	C	0.05%
MA	A	0.05%
JBHT	D	0.05%
HWM	A	0.05%
EME	C	0.05%
LII	C	0.05%
CNH	B	0.05%
NWSA	D	0.05%
BALL	C	0.05%
TTWO	F	0.05%
MHK	B	0.05%
TRU	A	0.05%
MAS	A	0.05%
TREX	D	0.05%
VMC	D	0.05%
GWW	A	0.05%
SSD	B	0.05%
DD	B	0.05%
BILL	D	0.05%
OLLI	C	0.05%
MTZ	B	0.05%
GE	C	0.05%
GNRC	B	0.05%
ODFL	D	0.05%
MIDD	D	0.05%
CARR	A	0.05%
PNR	C	0.05%
WAB	A	0.05%
NDSN	B	0.05%
GPC	D	0.05%
BERY	C	0.05%
JCI	B	0.05%
TDY	A	0.05%
MTD	B	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%
ACN	B	0.05%
LFUS	C	0.05%
KNX	D	0.05%
COLM	B	0.05%
ETN	C	0.05%
ST	F	0.05%
AMZN	C	0.05%
BURL	D	0.05%
WING	B	0.05%
ROL	B	0.05%
RTX	A	0.05%
AWI	A	0.05%
HEI	A	0.05%
AMCR	B	0.05%
COST	C	0.05%
HUBB	A	0.05%
ITT	B	0.05%
TSCO	A	0.05%
RBLX	C	0.05%
LECO	D	0.05%
DOW	B	0.05%
CPRT	B	0.05%
HAYW	B	0.05%
CNXC	F	0.05%
NVT	D	0.05%
ACM	C	0.05%
RBA	D	0.05%
AZEK	C	0.05%
PKG	C	0.05%
AGCO	D	0.05%
AAL	D	0.05%
ROST	C	0.05%
SLGN	C	0.05%
SBUX	B	0.05%
SEE	C	0.05%
ELF	F	0.05%
BLDR	B	0.05%
CRI	D	0.05%
BLD	C	0.05%
PYPL	C	0.05%
KEYS	B	0.05%
WMS	D	0.05%
CMI	B	0.05%
BWXT	A	0.05%
J	D	0.05%
BFAM	C	0.05%
NFLX	A	0.05%
CW	A	0.05%
MUSA	D	0.05%
YUM	A	0.05%
DKS	D	0.05%
AXP	A	0.05%
ALSN	A	0.05%
SWK	A	0.05%
JWN	D	0.05%
SW	C	0.05%
ORLY	A	0.05%
PCTY	B	0.05%
EA	D	0.05%
FIVE	D	0.05%
RRX	C	0.05%
WMT	A	0.05%
LUV	B	0.05%
CAT	A	0.05%
H	C	0.05%
CPRI	B	0.05%
GM	D	0.05%
DHI	C	0.05%
ULTA	D	0.05%
EBAY	A	0.05%
R	C	0.05%
HRB	C	0.05%
FIX	A	0.05%
TJX	C	0.05%
URI	C	0.05%
BJ	D	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	B	0.05%
IPG	C	0.05%
PAG	D	0.05%
BKNG	C	0.05%
DRI	C	0.05%
GEV	B	0.05%
LEN	B	0.05%
TGT	C	0.05%
AZO	D	0.05%
WEN	D	0.05%
SKX	B	0.05%
KMX	F	0.05%
GRMN	D	0.05%
WEX	C	0.05%
ALK	B	0.05%
QS	F	0.05%
SCI	C	0.05%
M	F	0.05%
MCD	A	0.05%
DECK	B	0.05%
SN	B	0.05%
LPX	A	0.05%
CHRW	A	0.05%
GAP	F	0.05%
VVV	D	0.05%
ZBRA	A	0.05%
PII	D	0.05%
FOUR	B	0.05%
DKNG	D	0.05%
AAP	F	0.05%
DG	F	0.05%
PLNT	B	0.05%
PENN	D	0.05%
NYT	A	0.05%
BBY	B	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%
V	C	0.04%
WU	D	0.04%
GD	A	0.04%
RIVN	F	0.04%
OSK	F	0.04%
BA	F	0.04%
ADTN	B	0.04%
TXT	F	0.04%
CXT	F	0.04%
EXPD	C	0.04%
AME	D	0.04%
MAN	D	0.04%

EQAL Underweight 150 Positions Relative to PFF

Symbol	Grade	Weight
TBB	A	-0.81%
SOJD	C	-0.59%
TBC	B	-0.52%
SREA	A	-0.47%
RZC	C	-0.46%
CMSD	B	-0.39%
JXN	A	-0.37%
CHSCO	B	-0.36%
QRTEP	B	-0.35%
PRS	B	-0.35%
CHSCL	A	-0.34%
CHSCM	B	-0.32%
DUKB	B	-0.31%
BANC	D	-0.31%
BPYPM	C	-0.3%
CTDD	C	-0.28%
CHSCN	C	-0.28%
UZE	B	-0.28%
SOJC	B	-0.28%
FITBI	A	-0.28%
BTSG	C	-0.28%
USM	C	-0.27%
GTLS	F	-0.26%
NLY	C	-0.26%
PFH	C	-0.26%
RZB	A	-0.25%
DTW	A	-0.24%
TDS	B	-0.23%
FG	B	-0.23%
CHSCP	B	-0.23%
EAI	A	-0.23%
RLJ	D	-0.21%
PBI	C	-0.21%
ATHS	A	-0.2%
AGNCN	A	-0.2%
MGR	A	-0.19%
NGL	D	-0.19%
UNMA	C	-0.19%
ESGRP	F	-0.19%
ACGLO	B	-0.19%
UMH	C	-0.18%
WTFCP	A	-0.18%
GPJA	D	-0.17%
KREF	C	-0.17%
CMSC	A	-0.17%
NRUC	B	-0.16%
TCBI	C	-0.16%
OZKAP	A	-0.16%
TVC	B	-0.15%
NAVI	D	-0.15%
EMP	A	-0.15%
ELC	A	-0.15%
SR	C	-0.15%
SFB	B	-0.14%
AIZN	B	-0.14%
FBRT	C	-0.14%
HPP	F	-0.14%
WAFD	D	-0.14%
CMSA	A	-0.13%
DBRG	D	-0.13%
DDT	B	-0.13%
TVE	A	-0.12%
SLMBP	D	-0.12%
SLG	C	-0.12%
FCNCO	A	-0.12%
AUB	D	-0.11%
DHC	B	-0.11%
NYMTM	A	-0.11%
HWC	D	-0.11%
LBRDP	B	-0.11%
AFGC	B	-0.11%
WSBC	D	-0.1%
FULT	D	-0.1%
VLY	C	-0.1%
CADE	D	-0.1%
RITM	D	-0.1%
SIGI	D	-0.1%
AFGE	B	-0.1%
AHH	F	-0.1%
SITC	F	-0.1%
SNCR	C	-0.1%
CIM	C	-0.09%
GPMT	D	-0.09%
AGNCL	A	-0.09%
ARR	D	-0.09%
ZIONO	A	-0.09%
AFGD	A	-0.09%
TRTX	D	-0.09%
SPLP	D	-0.09%
HTLF	C	-0.08%
QVCD	C	-0.08%
NYMTL	C	-0.08%
NMFC	F	-0.08%
TWO	D	-0.08%
AFGB	A	-0.08%
MBIN	D	-0.08%
WTFCM	A	-0.08%
ARGD	B	-0.08%
GAIN	B	-0.08%
LANDO	A	-0.08%
NYMTN	A	-0.08%
CNO	C	-0.08%
BOH	D	-0.08%
BPOPM	B	-0.07%
CLDT	D	-0.07%
RILY	F	-0.07%
ACR	C	-0.07%
MHNC	C	-0.07%
CTO	D	-0.07%
GNL	D	-0.07%
SAR	C	-0.07%
FTAI	A	-0.07%
ABR	C	-0.07%
DCOMP	C	-0.07%
PMT	C	-0.07%
ONB	D	-0.07%
ENO	A	-0.07%
NYCB	D	-0.07%
FCRX	A	-0.07%
MSBI	F	-0.07%
DRH	C	-0.07%
TRIN	C	-0.07%
MFA	C	-0.07%
BW	C	-0.07%
EQC	D	-0.07%
NEWT	D	-0.07%
ATLC	C	-0.07%
DX	C	-0.07%
VLYPP	B	-0.07%
ASB	F	-0.06%
RILYN	F	-0.06%
OPI	F	-0.06%
BFS	A	-0.06%
PEB	D	-0.06%
LXP	D	-0.06%
CODI	D	-0.06%
CNOB	C	-0.06%
PSEC	C	-0.06%
EFC	D	-0.06%
VLYPO	A	-0.06%
IVR	C	-0.06%
FATBP	F	-0.05%
INN	A	-0.05%
FOSL	C	-0.05%
CIO	C	-0.05%
SHO	D	-0.05%
RC	F	-0.05%
MHLA	A	-0.04%
BHR	C	-0.03%
XELAP	F	-0.0%