EQAL vs. PFM ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to PowerShares Dividend Achievers (PFM)

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

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Broad Dividend Achievers Index to NASDAQ US Broad Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$47.68

Average Daily Volume

24,412

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	PFM
30 Days	5.64%	2.19%
60 Days	6.61%	2.87%
90 Days	8.92%	5.56%
12 Months	28.87%	26.89%

287 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in PFM	Overlap
A	D	0.07%	0.16%	0.07%
AAPL	C	0.06%	3.9%	0.06%
ABBV	D	0.07%	1.27%	0.07%
ABT	B	0.08%	0.88%	0.08%
ACN	C	0.05%	0.95%	0.05%
ADC	B	0.14%	0.03%	0.03%
ADI	D	0.06%	0.45%	0.06%
ADM	D	0.14%	0.11%	0.11%
ADP	B	0.05%	0.53%	0.05%
AEE	A	0.21%	0.11%	0.11%
AEP	D	0.18%	0.22%	0.18%
AES	F	0.15%	0.04%	0.04%
AFG	A	0.06%	0.05%	0.05%
AFL	B	0.06%	0.27%	0.06%
AGCO	D	0.05%	0.03%	0.03%
AGO	B	0.08%	0.02%	0.02%
AIZ	A	0.07%	0.05%	0.05%
AJG	B	0.07%	0.28%	0.07%
AL	B	0.05%	0.02%	0.02%
ALB	C	0.27%	0.05%	0.05%
ALL	A	0.06%	0.23%	0.06%
AMGN	D	0.07%	0.65%	0.07%
AMP	A	0.08%	0.24%	0.08%
AMT	D	0.11%	0.4%	0.11%
AON	A	0.07%	0.36%	0.07%
AOS	F	0.04%	0.04%	0.04%
APD	A	0.27%	0.32%	0.27%
APH	A	0.07%	0.37%	0.07%
ARE	D	0.12%	0.08%	0.08%
ASH	D	0.22%	0.02%	0.02%
ATO	A	0.21%	0.1%	0.1%
ATR	B	0.05%	0.05%	0.05%
AVGO	D	0.06%	3.32%	0.06%
AVT	C	0.06%	0.02%	0.02%
AVY	D	0.22%	0.07%	0.07%
AWK	D	0.18%	0.11%	0.11%
AXS	A	0.07%	0.03%	0.03%
BAC	A	0.07%	1.56%	0.07%
BAH	F	0.04%	0.08%	0.04%
BBY	D	0.05%	0.08%	0.05%
BC	C	0.05%	0.02%	0.02%
BDX	F	0.08%	0.28%	0.08%
BEN	C	0.07%	0.05%	0.05%
BK	A	0.07%	0.25%	0.07%
BLK	C	0.07%	0.67%	0.07%
BMY	B	0.1%	0.5%	0.1%
BOKF	B	0.07%	0.03%	0.03%
BR	A	0.07%	0.12%	0.07%
BRO	B	0.07%	0.13%	0.07%
CAH	B	0.09%	0.13%	0.09%
CASY	A	0.16%	0.06%	0.06%
CAT	B	0.05%	0.81%	0.05%
CB	C	0.06%	0.5%	0.06%
CBOE	B	0.06%	0.09%	0.06%
CBSH	A	0.07%	0.04%	0.04%
CDW	F	0.05%	0.1%	0.05%
CFR	B	0.08%	0.04%	0.04%
CHD	B	0.16%	0.12%	0.12%
CHDN	B	0.05%	0.04%	0.04%
CHE	D	0.08%	0.04%	0.04%
CHRW	C	0.05%	0.06%	0.05%
CINF	A	0.07%	0.1%	0.07%
CL	D	0.14%	0.33%	0.14%
CLX	B	0.16%	0.09%	0.09%
CMCSA	B	0.56%	0.72%	0.56%
CME	A	0.07%	0.35%	0.07%
CMI	A	0.06%	0.21%	0.06%
CMS	C	0.19%	0.09%	0.09%
COR	B	0.16%	0.21%	0.16%
COST	B	0.05%	1.76%	0.05%
CSCO	B	0.58%	1.0%	0.58%
CSL	C	0.05%	0.09%	0.05%
CSX	B	0.05%	0.29%	0.05%
CTAS	B	0.05%	0.38%	0.05%
CUBE	D	0.12%	0.05%	0.05%
CVX	A	0.23%	1.27%	0.23%
DCI	B	0.05%	0.04%	0.04%
DDS	B	0.07%	0.02%	0.02%
DFS	B	0.08%	0.19%	0.08%
DGX	A	0.08%	0.08%	0.08%
DHR	F	0.07%	0.72%	0.07%
DOV	A	0.05%	0.12%	0.05%
DPZ	C	0.05%	0.07%	0.05%
DTE	C	0.19%	0.11%	0.11%
DUK	C	0.19%	0.38%	0.19%
ECL	D	0.23%	0.3%	0.23%
ED	D	0.18%	0.14%	0.14%
EGP	F	0.13%	0.04%	0.04%
EIX	B	0.19%	0.14%	0.14%
ELS	C	0.13%	0.06%	0.06%
ELV	F	0.06%	0.4%	0.06%
EMN	D	0.24%	0.05%	0.05%
EMR	A	0.06%	0.32%	0.06%
ES	D	0.18%	0.1%	0.1%
ESS	B	0.13%	0.08%	0.08%
ETN	A	0.05%	0.62%	0.05%
EVR	B	0.08%	0.05%	0.05%
EVRG	A	0.21%	0.06%	0.06%
EXPD	D	0.05%	0.07%	0.05%
EXR	D	0.13%	0.15%	0.13%
FAF	A	0.06%	0.03%	0.03%
FAST	B	0.28%	0.2%	0.2%
FDS	B	0.07%	0.08%	0.07%
FITB	A	0.07%	0.14%	0.07%
FIX	A	0.06%	0.07%	0.06%
FLO	D	0.15%	0.02%	0.02%
FNF	B	0.06%	0.07%	0.06%
FR	C	0.13%	0.03%	0.03%
GD	F	0.04%	0.34%	0.04%
GGG	B	0.05%	0.07%	0.05%
GL	B	0.07%	0.04%	0.04%
GLW	B	0.07%	0.17%	0.07%
GPC	D	0.05%	0.07%	0.05%
GS	A	0.08%	0.8%	0.08%
GWW	B	0.05%	0.25%	0.05%
HD	A	0.06%	1.76%	0.06%
HEI	B	0.05%	0.06%	0.05%
HIG	B	0.07%	0.15%	0.07%
HII	D	0.03%	0.03%	0.03%
HON	B	0.05%	0.64%	0.05%
HPQ	B	0.07%	0.16%	0.07%
HRL	D	0.15%	0.07%	0.07%
HSY	F	0.14%	0.11%	0.11%
HUBB	B	0.05%	0.1%	0.05%
HUM	C	0.07%	0.14%	0.07%
IBM	C	0.06%	0.83%	0.06%
ICE	C	0.06%	0.39%	0.06%
IDA	A	0.22%	0.03%	0.03%
IEX	B	0.05%	0.07%	0.05%
INGR	B	0.17%	0.04%	0.04%
INTU	C	0.07%	0.82%	0.07%
IPG	D	0.05%	0.04%	0.04%
ITT	A	0.05%	0.05%	0.05%
ITW	B	0.05%	0.35%	0.05%
JBHT	C	0.05%	0.08%	0.05%
JKHY	D	0.04%	0.05%	0.04%
JNJ	D	0.07%	1.61%	0.07%
JPM	A	0.07%	3.01%	0.07%
KEY	B	0.07%	0.08%	0.07%
KLAC	D	0.05%	0.36%	0.05%
KMB	D	0.15%	0.2%	0.15%
KO	D	0.14%	1.15%	0.14%
KR	B	0.17%	0.18%	0.17%
LAD	A	0.07%	0.04%	0.04%
LECO	B	0.05%	0.05%	0.05%
LFUS	F	0.05%	0.03%	0.03%
LHX	C	0.05%	0.2%	0.05%
LII	A	0.05%	0.09%	0.05%
LIN	D	0.23%	0.93%	0.23%
LMT	D	0.04%	0.55%	0.04%
LNT	A	0.2%	0.07%	0.07%
LOW	D	0.06%	0.66%	0.06%
LYB	F	0.21%	0.12%	0.12%
MA	C	0.05%	2.06%	0.05%
MAA	B	0.13%	0.08%	0.08%
MAN	D	0.04%	0.01%	0.01%
MAS	D	0.05%	0.07%	0.05%
MCD	D	0.05%	0.9%	0.05%
MCHP	D	0.05%	0.15%	0.05%
MCK	B	0.19%	0.34%	0.19%
MCO	B	0.06%	0.37%	0.06%
MDLZ	F	0.14%	0.37%	0.14%
MDT	D	0.08%	0.48%	0.08%
MDU	D	0.03%	0.02%	0.02%
MET	A	0.07%	0.25%	0.07%
MKC	D	0.14%	0.08%	0.08%
MKTX	D	0.06%	0.04%	0.04%
MMC	B	0.06%	0.48%	0.06%
MMM	D	0.05%	0.31%	0.05%
MO	A	0.17%	0.41%	0.17%
MORN	B	0.07%	0.06%	0.06%
MRK	F	0.07%	1.06%	0.07%
MS	A	0.09%	0.94%	0.09%
MSA	D	0.05%	0.03%	0.03%
MSFT	F	0.06%	3.91%	0.06%
MSI	B	0.56%	0.35%	0.35%
NDAQ	A	0.07%	0.2%	0.07%
NDSN	B	0.05%	0.06%	0.05%
NEE	D	0.18%	0.68%	0.18%
NFG	A	0.2%	0.02%	0.02%
NI	A	0.21%	0.07%	0.07%
NKE	D	0.05%	0.39%	0.05%
NNN	D	0.12%	0.03%	0.03%
NOC	D	0.04%	0.31%	0.04%
NUE	C	0.25%	0.15%	0.15%
NXST	C	0.05%	0.02%	0.02%
O	D	0.12%	0.21%	0.12%
OGE	B	0.21%	0.04%	0.04%
ORCL	B	0.07%	2.21%	0.07%
ORI	A	0.07%	0.04%	0.04%
OSK	B	0.05%	0.03%	0.03%
OZK	B	0.07%	0.02%	0.02%
PAYX	C	0.05%	0.22%	0.05%
PB	A	0.07%	0.03%	0.03%
PEG	A	0.21%	0.19%	0.19%
PEP	F	0.15%	0.94%	0.15%
PFE	D	0.07%	0.61%	0.07%
PFG	D	0.06%	0.09%	0.06%
PG	A	0.15%	1.73%	0.15%
PII	D	0.04%	0.02%	0.02%
PKG	A	0.05%	0.09%	0.05%
PLD	D	0.12%	0.46%	0.12%
PM	B	0.16%	0.88%	0.16%
PNC	B	0.07%	0.35%	0.07%
PNW	B	0.2%	0.04%	0.04%
POOL	C	0.05%	0.06%	0.05%
PPG	F	0.05%	0.12%	0.05%
PRGO	B	0.08%	0.02%	0.02%
PRI	A	0.07%	0.04%	0.04%
PRU	A	0.07%	0.2%	0.07%
PSX	C	0.2%	0.24%	0.2%
QCOM	F	0.06%	0.79%	0.06%
R	B	0.06%	0.03%	0.03%
REG	B	0.14%	0.06%	0.06%
REXR	F	0.12%	0.04%	0.04%
RF	A	0.07%	0.1%	0.07%
RGA	A	0.06%	0.07%	0.06%
RGLD	C	0.23%	0.04%	0.04%
RHI	B	0.06%	0.03%	0.03%
RJF	A	0.08%	0.15%	0.08%
RLI	B	0.07%	0.03%	0.03%
RMD	C	0.07%	0.15%	0.07%
RNR	C	0.06%	0.06%	0.06%
ROK	B	0.05%	0.14%	0.05%
ROP	B	0.06%	0.26%	0.06%
RPM	A	0.05%	0.08%	0.05%
RRX	B	0.05%	0.05%	0.05%
RS	B	0.27%	0.07%	0.07%
RSG	A	0.2%	0.28%	0.2%
RTX	C	0.05%	0.69%	0.05%
SBUX	A	0.05%	0.49%	0.05%
SCI	B	0.06%	0.05%	0.05%
SEIC	B	0.07%	0.05%	0.05%
SHW	A	0.05%	0.41%	0.05%
SJM	D	0.15%	0.05%	0.05%
SLGN	A	0.05%	0.02%	0.02%
SNA	A	0.06%	0.08%	0.06%
SO	D	0.19%	0.42%	0.19%
SON	D	0.04%	0.02%	0.02%
SPGI	C	0.06%	0.68%	0.06%
SRE	A	0.22%	0.25%	0.22%
SSD	D	0.05%	0.03%	0.03%
STAG	F	0.13%	0.03%	0.03%
STE	F	0.07%	0.09%	0.07%
STLD	B	0.29%	0.09%	0.09%
STT	A	0.07%	0.12%	0.07%
SWK	D	0.04%	0.06%	0.04%
SYK	C	0.08%	0.64%	0.08%
SYY	B	0.15%	0.16%	0.15%
TFC	A	0.07%	0.27%	0.07%
TGT	F	0.05%	0.31%	0.05%
THG	A	0.07%	0.03%	0.03%
THO	B	0.06%	0.03%	0.03%
TKR	D	0.22%	0.02%	0.02%
TROW	B	0.07%	0.11%	0.07%
TRV	B	0.07%	0.26%	0.07%
TSCO	D	0.05%	0.13%	0.05%
TSN	B	0.16%	0.08%	0.08%
TT	A	0.05%	0.4%	0.05%
TTC	D	0.04%	0.04%	0.04%
TXN	C	0.06%	0.82%	0.06%
UDR	B	0.13%	0.06%	0.06%
UGI	A	0.19%	0.02%	0.02%
UNH	C	0.08%	2.35%	0.08%
UNM	A	0.08%	0.06%	0.06%
UNP	C	0.04%	0.62%	0.04%
UPS	C	0.05%	0.43%	0.05%
USB	A	0.07%	0.34%	0.07%
V	A	0.05%	2.25%	0.05%
VMC	B	0.05%	0.16%	0.05%
VZ	C	0.46%	0.77%	0.46%
WBA	F	0.16%	0.03%	0.03%
WEC	A	0.2%	0.13%	0.13%
WLK	D	0.22%	0.07%	0.07%
WM	A	0.21%	0.38%	0.21%
WMT	A	0.05%	2.92%	0.05%
WRB	A	0.07%	0.1%	0.07%
WSM	B	0.05%	0.07%	0.05%
WSO	A	0.05%	0.08%	0.05%
WST	C	0.09%	0.1%	0.09%
WTFC	A	0.08%	0.04%	0.04%
WTRG	B	0.2%	0.05%	0.05%
XEL	A	0.21%	0.17%	0.17%
XOM	B	0.21%	2.31%	0.21%
XYL	D	0.04%	0.13%	0.04%
ZION	B	0.08%	0.04%	0.04%
ZTS	D	0.07%	0.35%	0.07%

EQAL Overweight 681 Positions Relative to PFM

Symbol	Grade	Weight
UI	A	0.85%
LITE	B	0.78%
LBRDK	C	0.74%
CIEN	B	0.64%
TMUS	B	0.59%
CHTR	C	0.58%
IRDM	D	0.57%
ANET	C	0.54%
T	A	0.51%
JNPR	F	0.5%
ROKU	D	0.5%
FYBR	D	0.49%
VST	B	0.34%
TPL	A	0.34%
MP	B	0.32%
AA	B	0.31%
IP	B	0.28%
CC	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%
SCCO	F	0.24%
WMB	A	0.24%
FCX	D	0.24%
EOG	A	0.23%
AR	B	0.23%
NRG	B	0.23%
PR	B	0.23%
OVV	B	0.23%
RRC	B	0.23%
HXL	D	0.23%
NEU	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%
COP	C	0.22%
MRO	B	0.22%
CTRA	B	0.22%
HES	B	0.22%
VLO	C	0.21%
CLH	B	0.21%
HUN	F	0.21%
PCG	A	0.21%
FANG	D	0.21%
FMC	D	0.21%
HAL	C	0.21%
CNP	B	0.21%
OXY	D	0.2%
BRBR	A	0.2%
AGR	B	0.2%
LW	C	0.2%
NOV	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%
EXC	C	0.19%
DINO	D	0.19%
CWEN	C	0.19%
PPC	C	0.19%
MPC	D	0.19%
D	C	0.19%
CIVI	D	0.19%
DVN	F	0.19%
CHRD	D	0.19%
USFD	A	0.18%
MNST	C	0.18%
Z	A	0.18%
NEM	D	0.18%
WFRD	D	0.18%
FE	C	0.18%
PFGC	B	0.18%
NFE	D	0.17%
FRPT	B	0.17%
GO	C	0.17%
ACI	C	0.16%
K	A	0.16%
VNO	B	0.16%
KVUE	A	0.16%
FSLR	F	0.16%
SPB	C	0.16%
CTVA	C	0.16%
APP	B	0.16%
CE	F	0.15%
SEG	B	0.15%
KHC	F	0.15%
PK	B	0.15%
POST	C	0.15%
SPG	B	0.15%
HHH	B	0.15%
CVS	D	0.15%
COKE	C	0.15%
STZ	D	0.15%
DLR	B	0.15%
MSTR	C	0.15%
KRC	C	0.15%
CBRE	B	0.15%
CAG	D	0.14%
LAMR	D	0.14%
SEB	F	0.14%
REYN	D	0.14%
BXP	D	0.14%
HST	C	0.14%
GIS	D	0.14%
CPB	D	0.14%
EQIX	A	0.14%
KDP	D	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%
AMH	D	0.13%
PSA	D	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%
CSGP	D	0.13%
IRM	D	0.13%
FRT	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%
SUI	D	0.12%
CCI	D	0.12%
ENPH	F	0.12%
WPC	D	0.12%
NSA	D	0.12%
SBAC	D	0.12%
COIN	C	0.11%
TWLO	A	0.11%
EXEL	B	0.11%
DOCS	C	0.11%
SOFI	A	0.11%
MASI	A	0.11%
NTRA	B	0.1%
INCY	C	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%
WFC	A	0.09%
CVNA	B	0.09%
GILD	C	0.09%
NVST	B	0.09%
ILMN	D	0.09%
DOCU	A	0.09%
CFLT	B	0.09%
PODD	C	0.09%
APO	B	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%
LPLA	A	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%
NCLH	B	0.08%
NVDA	C	0.08%
S	B	0.08%
KD	B	0.08%
HSIC	B	0.08%
NTRS	A	0.08%
ZM	B	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%
MEDP	D	0.08%
EW	C	0.08%
CAR	C	0.08%
RNG	B	0.08%
HPE	B	0.08%
ELAN	D	0.08%
FTNT	C	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%
LYFT	C	0.08%
SOLV	C	0.08%
JEF	A	0.08%
TECH	D	0.08%
GEHC	F	0.08%
INTC	D	0.08%
JHG	A	0.08%
MTB	A	0.08%
RGEN	D	0.08%
CRM	B	0.08%
DAY	B	0.08%
SCHW	B	0.08%
KKR	A	0.08%
RCM	F	0.08%
NBIX	C	0.08%
CRL	C	0.08%
FHN	A	0.08%
PEGA	A	0.08%
CG	A	0.08%
CTLT	B	0.08%
COLB	A	0.08%
OWL	A	0.08%
DASH	A	0.08%
THC	D	0.08%
CRWD	B	0.08%
COHR	B	0.08%
PAYC	B	0.08%
ZBH	C	0.08%
PNFP	B	0.08%
VEEV	C	0.08%
SF	B	0.08%
ENOV	C	0.08%
VRSN	F	0.07%
RARE	D	0.07%
VOYA	B	0.07%
GFS	C	0.07%
WDAY	B	0.07%
BIIB	F	0.07%
VAC	B	0.07%
AIG	B	0.07%
CACI	D	0.07%
NWL	B	0.07%
MSCI	C	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
DNB	B	0.07%
LDOS	C	0.07%
BRK.A	B	0.07%
BKNG	A	0.07%
FOXA	B	0.07%
LLY	F	0.07%
META	D	0.07%
INSP	D	0.07%
SMAR	A	0.07%
IQV	D	0.07%
ANSS	B	0.07%
VKTX	F	0.07%
LYV	A	0.07%
TPR	B	0.07%
WBD	C	0.07%
ALLY	C	0.07%
TFSL	A	0.07%
GME	C	0.07%
UAA	C	0.07%
CRBG	B	0.07%
WTM	A	0.07%
GEV	B	0.07%
AAL	B	0.07%
CDNS	B	0.07%
RYAN	B	0.07%
SNPS	B	0.07%
MOH	F	0.07%
TSLA	B	0.07%
UHS	D	0.07%
CTSH	B	0.07%
GTLB	B	0.07%
IT	C	0.07%
GOOGL	C	0.07%
VIRT	B	0.07%
MU	D	0.07%
IVZ	B	0.07%
DBX	B	0.07%
SNOW	C	0.07%
DV	C	0.07%
HCA	F	0.07%
ALK	C	0.07%
BROS	B	0.07%
KMPR	B	0.07%
GWRE	A	0.07%
IDXX	F	0.07%
EXPE	B	0.07%
PTC	A	0.07%
AMG	B	0.07%
IPGP	D	0.07%
GLOB	B	0.07%
AXON	A	0.07%
WTW	B	0.07%
LSCC	D	0.07%
TW	A	0.07%
NTNX	A	0.07%
DUOL	A	0.07%
MKL	A	0.07%
SLM	A	0.07%
NOW	A	0.07%
FFIV	B	0.07%
WAL	B	0.07%
MRVL	B	0.07%
FCNCA	A	0.07%
AZTA	D	0.07%
TMO	F	0.07%
CFG	B	0.07%
SHC	F	0.07%
CI	F	0.07%
RPRX	D	0.07%
C	A	0.07%
NET	B	0.07%
ADSK	A	0.07%
DELL	C	0.07%
DDOG	A	0.07%
CCL	B	0.07%
LNC	B	0.07%
GEN	B	0.07%
SPOT	B	0.07%
ARES	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%
TPX	B	0.06%
ADBE	C	0.06%
PYPL	B	0.06%
EME	C	0.06%
LPX	B	0.06%
ARMK	B	0.06%
TRIP	F	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%
OMC	C	0.06%
SQ	B	0.06%
ZBRA	B	0.06%
AGNC	D	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%
MSGS	A	0.06%
AKAM	D	0.06%
AYI	B	0.06%
AFRM	B	0.06%
ON	D	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%
ABNB	C	0.06%
CPNG	D	0.06%
BBWI	D	0.06%
IAC	D	0.06%
DECK	A	0.06%
PLTK	B	0.06%
RBLX	C	0.06%
HCP	B	0.06%
STWD	C	0.06%
BWXT	B	0.06%
CPRT	A	0.06%
NFLX	A	0.06%
KBR	F	0.06%
NWSA	B	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%
FLS	B	0.06%
INFA	D	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%
LRCX	F	0.06%
PINS	D	0.06%
BPOP	B	0.06%
EG	C	0.06%
RL	B	0.06%
HLT	A	0.06%
MTG	C	0.06%
SSNC	B	0.06%
WHR	B	0.06%
ALSN	B	0.06%
SYF	B	0.06%
BYD	C	0.06%
NTAP	C	0.06%
AMAT	F	0.06%
DIS	B	0.06%
WYNN	D	0.06%
MAR	B	0.06%
CNC	D	0.06%
TFX	F	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%
PSTG	D	0.06%
ZI	D	0.06%
AVTR	F	0.06%
L	A	0.06%
APPF	B	0.06%
PGR	A	0.06%
GM	B	0.06%
CNA	B	0.06%
SNX	C	0.06%
PLNT	A	0.06%
DXC	B	0.06%
KNSL	B	0.06%
BAX	D	0.06%
RH	B	0.06%
OKTA	C	0.06%
DOX	D	0.06%
GRMN	B	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%
PATH	C	0.06%
PCTY	B	0.06%
MANH	D	0.06%
TNL	A	0.06%
TDC	D	0.06%
DT	C	0.06%
CCK	C	0.05%
MRNA	F	0.05%
LNW	D	0.05%
J	F	0.05%
WEX	D	0.05%
VRSK	A	0.05%
TRU	D	0.05%
OLLI	D	0.05%
ALLE	D	0.05%
MIDD	C	0.05%
GE	D	0.05%
MSM	C	0.05%
BLDR	D	0.05%
BERY	B	0.05%
WWD	B	0.05%
ROST	C	0.05%
LEA	D	0.05%
DG	F	0.05%
SKX	D	0.05%
MKSI	C	0.05%
CRUS	D	0.05%
CNM	D	0.05%
FND	C	0.05%
LEN	D	0.05%
HOG	D	0.05%
EEFT	B	0.05%
CGNX	C	0.05%
HRB	D	0.05%
DKS	C	0.05%
GPN	B	0.05%
MTN	C	0.05%
APG	B	0.05%
LEG	F	0.05%
FIVE	F	0.05%
SEE	C	0.05%
KEYS	A	0.05%
KSS	F	0.05%
PHM	D	0.05%
BIRK	D	0.05%
ROL	B	0.05%
DLTR	F	0.05%
YUM	B	0.05%
FIS	C	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%
AN	C	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%
KNX	B	0.05%
NSC	B	0.05%
SN	D	0.05%
AXTA	A	0.05%
TER	D	0.05%
SNDR	B	0.05%
UHAL	D	0.05%
SW	A	0.05%
AZO	C	0.05%
SWKS	F	0.05%
HAYW	B	0.05%
ADTN	A	0.05%
MLM	B	0.05%
ACM	A	0.05%
OLED	D	0.05%
NVT	B	0.05%
YETI	C	0.05%
EXP	A	0.05%
WAB	B	0.05%
CR	A	0.05%
ONTO	D	0.05%
NYT	C	0.05%
JWN	C	0.05%
SITE	D	0.05%
TJX	A	0.05%
PNR	A	0.05%
TDY	B	0.05%
G	B	0.05%
DRI	B	0.05%
F	C	0.05%
AAP	C	0.05%
KMX	B	0.05%
MGM	D	0.05%
KEX	C	0.05%
MUSA	A	0.05%
IR	B	0.05%
AMKR	D	0.05%
UBER	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%
AXP	A	0.05%
MAT	D	0.05%
MTZ	B	0.05%
SIRI	C	0.05%
M	D	0.05%
TOL	B	0.05%
URI	B	0.05%
CMG	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%
HWM	A	0.05%
XP	F	0.05%
VVV	F	0.05%
ULTA	F	0.05%
WEN	D	0.05%
OC	A	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%
PCAR	B	0.05%
CPAY	A	0.05%
GAP	C	0.05%
ODFL	B	0.05%
BWA	D	0.05%
BJ	A	0.05%
AMZN	C	0.05%
WSC	D	0.04%
RIVN	F	0.04%
CNXC	F	0.04%
BA	F	0.04%
QRVO	F	0.04%
BFAM	D	0.04%
EL	F	0.04%
WING	D	0.04%
UWMC	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%
FBIN	D	0.04%
TTEK	F	0.04%
MHK	D	0.04%
QS	F	0.04%
WU	D	0.04%
TXT	D	0.04%
VSTS	C	0.04%
CXT	B	0.04%
ST	F	0.04%
COTY	F	0.04%
CLVT	F	0.04%
BALL	D	0.04%
VLTO	D	0.04%
W	F	0.04%
DHI	D	0.04%
AMCR	D	0.04%
ATI	D	0.04%
FTV	C	0.04%
DE	A	0.04%
GPK	C	0.04%
BLD	D	0.04%
DD	D	0.04%
LSTR	D	0.04%
RKT	F	0.04%
CARR	D	0.04%
CPRI	F	0.03%
LCID	F	0.03%
SMCI	F	0.02%

EQAL Underweight 129 Positions Relative to PFM

Symbol	Grade	Weight
EPD	A	-0.29%
MPLX	A	-0.21%
ERIE	D	-0.08%
ENSG	D	-0.04%
AIT	A	-0.04%
TRNO	F	-0.03%
FFIN	B	-0.03%
UMBF	B	-0.03%
SIGI	C	-0.03%
CBT	C	-0.03%
HOMB	A	-0.03%
BMI	B	-0.03%
CADE	B	-0.03%
SSB	B	-0.03%
UFPI	B	-0.03%
WSFS	A	-0.02%
CBU	B	-0.02%
SR	A	-0.02%
MGEE	C	-0.02%
GFF	A	-0.02%
AUB	B	-0.02%
CCOI	B	-0.02%
WDFC	B	-0.02%
BANF	B	-0.02%
ASB	B	-0.02%
FUL	F	-0.02%
CNO	A	-0.02%
BKH	A	-0.02%
IBOC	A	-0.02%
AVNT	B	-0.02%
POR	C	-0.02%
KAI	A	-0.02%
NJR	A	-0.02%
EXPO	D	-0.02%
FELE	B	-0.02%
LANC	C	-0.02%
CNS	B	-0.02%
MATX	C	-0.02%
GATX	A	-0.02%
SWX	B	-0.02%
UBSI	B	-0.02%
BCPC	B	-0.02%
WTS	B	-0.02%
MSEX	B	-0.01%
GABC	B	-0.01%
TR	B	-0.01%
UVV	B	-0.01%
LNN	B	-0.01%
WABC	B	-0.01%
NWN	A	-0.01%
CSGS	B	-0.01%
TCBK	B	-0.01%
STBA	B	-0.01%
SRCE	B	-0.01%
ANDE	D	-0.01%
TNC	D	-0.01%
HMN	B	-0.01%
DKL	C	-0.01%
SCL	C	-0.01%
GTY	B	-0.01%
SJW	D	-0.01%
APOG	B	-0.01%
LKFN	B	-0.01%
NHC	C	-0.01%
CHCO	B	-0.01%
AGM	C	-0.01%
WOR	F	-0.01%
WSBC	A	-0.01%
SYBT	B	-0.01%
HI	C	-0.01%
NBTB	B	-0.01%
LMAT	A	-0.01%
MTRN	C	-0.01%
SXI	B	-0.01%
HNI	B	-0.01%
FRME	B	-0.01%
TOWN	B	-0.01%
HWKN	B	-0.01%
NSP	D	-0.01%
ABR	C	-0.01%
CPK	A	-0.01%
CWT	D	-0.01%
WAFD	B	-0.01%
IOSP	B	-0.01%
AVA	A	-0.01%
INDB	B	-0.01%
SFNC	B	-0.01%
TRN	C	-0.01%
KWR	C	-0.01%
AWR	B	-0.01%
BRC	D	-0.01%
JJSF	B	-0.01%
OTTR	C	-0.01%
NWE	B	-0.01%
POWI	D	-0.01%
FIBK	A	-0.01%
ABM	B	-0.01%
JOUT	D	-0.0%
FLIC	B	-0.0%
ARTNA	D	-0.0%
HVT	D	-0.0%
ODC	C	-0.0%
BMRC	B	-0.0%
CTO	B	-0.0%
YORW	D	-0.0%
AROW	B	-0.0%
UHT	D	-0.0%
THFF	B	-0.0%
PLOW	D	-0.0%
HIFS	B	-0.0%
CASS	B	-0.0%
SPTN	D	-0.0%
WASH	C	-0.0%
MATW	C	-0.0%
GSBC	B	-0.0%
SMBC	B	-0.0%
HY	D	-0.0%
MBWM	B	-0.0%
HBNC	B	-0.0%
MNRO	D	-0.0%
FCBC	B	-0.0%
HFWA	B	-0.0%
SCVL	F	-0.0%
PFC	A	-0.0%
GRC	A	-0.0%
SBSI	B	-0.0%
CTBI	B	-0.0%
TMP	B	-0.0%
AMSF	B	-0.0%