EQAL vs. QVMM ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

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

$48.68

Average Daily Volume

21,039

Number of Holdings ^*

964

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

2,647

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	QVMM
30 Days	4.22%	3.93%
60 Days	10.48%	8.69%
90 Days	9.91%	7.98%
12 Months	28.06%	29.28%

271 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in QVMM	Overlap
AA	B	0.3%	0.38%	0.3%
AAON	A	0.05%	0.28%	0.05%
ACHC	F	0.07%	0.27%	0.07%
ACM	A	0.05%	0.53%	0.05%
ADC	C	0.14%	0.26%	0.14%
AFG	A	0.06%	0.33%	0.06%
AGCO	D	0.05%	0.22%	0.05%
ALLY	F	0.07%	0.46%	0.07%
AM	A	0.21%	0.19%	0.19%
AMG	B	0.07%	0.22%	0.07%
AMH	D	0.13%	0.45%	0.13%
AMKR	F	0.06%	0.13%	0.06%
AN	D	0.06%	0.18%	0.06%
APPF	C	0.07%	0.19%	0.07%
AR	C	0.22%	0.3%	0.22%
ARMK	C	0.06%	0.35%	0.06%
ARW	C	0.07%	0.28%	0.07%
ASH	F	0.25%	0.17%	0.17%
ATR	A	0.05%	0.39%	0.05%
AVT	B	0.07%	0.2%	0.07%
AVTR	D	0.08%	0.62%	0.08%
AXTA	C	0.05%	0.32%	0.05%
AYI	A	0.05%	0.31%	0.05%
AZTA	F	0.09%	0.1%	0.09%
BC	C	0.05%	0.21%	0.05%
BERY	C	0.05%	0.3%	0.05%
BHF	D	0.06%	0.11%	0.06%
BJ	B	0.05%	0.4%	0.05%
BLD	D	0.05%	0.5%	0.05%
BMRN	F	0.06%	0.52%	0.06%
BRBR	A	0.17%	0.28%	0.17%
BRKR	D	0.09%	0.26%	0.09%
BRX	C	0.14%	0.3%	0.14%
BURL	C	0.05%	0.64%	0.05%
BWXT	A	0.05%	0.38%	0.05%
BYD	B	0.06%	0.16%	0.06%
CACC	F	0.07%	0.1%	0.07%
CACI	A	0.07%	0.42%	0.07%
CASY	D	0.16%	0.49%	0.16%
CBSH	D	0.06%	0.27%	0.06%
CCK	C	0.05%	0.41%	0.05%
CELH	F	0.16%	0.2%	0.16%
CFR	B	0.07%	0.28%	0.07%
CGNX	F	0.05%	0.26%	0.05%
CHDN	C	0.05%	0.32%	0.05%
CHE	D	0.09%	0.34%	0.09%
CHK	C	0.23%	0.33%	0.23%
CHRD	F	0.2%	0.32%	0.2%
CIEN	A	0.58%	0.36%	0.36%
CIVI	F	0.2%	0.19%	0.19%
CLF	D	0.27%	0.26%	0.26%
CLH	B	0.2%	0.45%	0.2%
CNM	F	0.05%	0.35%	0.05%
CNXC	F	0.05%	0.1%	0.05%
COHR	B	0.08%	0.46%	0.08%
COKE	C	0.16%	0.23%	0.16%
COLB	C	0.07%	0.21%	0.07%
COLM	B	0.05%	0.1%	0.05%
COTY	F	0.06%	0.13%	0.06%
CPRI	C	0.05%	0.15%	0.05%
CR	A	0.05%	0.3%	0.05%
CRI	D	0.05%	0.08%	0.05%
CROX	C	0.06%	0.37%	0.06%
CRUS	D	0.06%	0.25%	0.06%
CSL	A	0.05%	0.81%	0.05%
CUBE	C	0.14%	0.42%	0.14%
CUZ	C	0.14%	0.16%	0.14%
CW	A	0.05%	0.48%	0.05%
DAR	F	0.18%	0.26%	0.18%
DCI	B	0.05%	0.34%	0.05%
DINO	F	0.21%	0.27%	0.21%
DKS	D	0.05%	0.52%	0.05%
DLB	D	0.07%	0.17%	0.07%
DOCS	A	0.09%	0.19%	0.09%
DTM	A	0.21%	0.29%	0.21%
DUOL	B	0.06%	0.36%	0.06%
EEFT	F	0.05%	0.17%	0.05%
EGP	D	0.14%	0.33%	0.14%
EHC	C	0.09%	0.36%	0.09%
EME	B	0.05%	0.75%	0.05%
ENOV	F	0.08%	0.09%	0.08%
EPR	C	0.14%	0.13%	0.13%
EQH	B	0.07%	0.51%	0.07%
ESAB	C	0.05%	0.24%	0.05%
EVR	C	0.07%	0.35%	0.07%
EWBC	B	0.07%	0.44%	0.07%
EXEL	B	0.08%	0.27%	0.08%
EXP	C	0.05%	0.36%	0.05%
FAF	C	0.06%	0.24%	0.06%
FCN	C	0.05%	0.3%	0.05%
FHN	D	0.06%	0.33%	0.06%
FIX	A	0.05%	0.54%	0.05%
FLO	D	0.16%	0.16%	0.16%
FLS	A	0.05%	0.27%	0.05%
FNB	D	0.06%	0.2%	0.06%
FND	C	0.06%	0.5%	0.06%
FNF	C	0.07%	0.58%	0.07%
FR	D	0.14%	0.27%	0.14%
FYBR	C	0.51%	0.23%	0.23%
G	A	0.05%	0.24%	0.05%
GAP	F	0.05%	0.19%	0.05%
GGG	C	0.05%	0.54%	0.05%
GLPI	C	0.14%	0.5%	0.14%
GME	D	0.06%	0.25%	0.06%
GMED	B	0.08%	0.3%	0.08%
GNTX	D	0.06%	0.28%	0.06%
GPK	D	0.05%	0.34%	0.05%
GXO	D	0.05%	0.23%	0.05%
H	B	0.05%	0.27%	0.05%
HLI	A	0.07%	0.31%	0.07%
HOG	D	0.06%	0.18%	0.06%
HRB	C	0.05%	0.32%	0.05%
HXL	F	0.24%	0.19%	0.19%
IBKR	A	0.07%	0.56%	0.07%
IDA	D	0.2%	0.19%	0.19%
INGR	B	0.16%	0.33%	0.16%
IPGP	D	0.07%	0.08%	0.07%
ITT	C	0.05%	0.48%	0.05%
JAZZ	F	0.08%	0.28%	0.08%
JEF	A	0.07%	0.4%	0.07%
JHG	A	0.07%	0.19%	0.07%
JLL	C	0.15%	0.47%	0.15%
JWN	D	0.05%	0.08%	0.05%
KBR	A	0.07%	0.36%	0.07%
KD	D	0.06%	0.2%	0.06%
KEX	C	0.05%	0.27%	0.05%
KMPR	D	0.06%	0.14%	0.06%
KNSL	B	0.06%	0.39%	0.06%
KNX	D	0.05%	0.32%	0.05%
KRC	C	0.16%	0.16%	0.16%
LAD	C	0.06%	0.36%	0.06%
LAMR	C	0.15%	0.43%	0.15%
LEA	F	0.06%	0.26%	0.06%
LECO	D	0.05%	0.44%	0.05%
LFUS	C	0.05%	0.27%	0.05%
LII	C	0.05%	0.75%	0.05%
LNW	F	0.05%	0.31%	0.05%
LOPE	D	0.05%	0.16%	0.05%
LPX	C	0.05%	0.26%	0.05%
LSCC	D	0.08%	0.29%	0.08%
LSTR	F	0.05%	0.24%	0.05%
M	D	0.05%	0.16%	0.05%
MAN	D	0.04%	0.13%	0.04%
MANH	A	0.07%	0.63%	0.07%
MASI	B	0.1%	0.22%	0.1%
MAT	B	0.06%	0.25%	0.06%
MDU	C	0.05%	0.21%	0.05%
MEDP	F	0.08%	0.3%	0.08%
MIDD	D	0.05%	0.3%	0.05%
MORN	B	0.07%	0.31%	0.07%
MSA	F	0.05%	0.26%	0.05%
MSM	D	0.05%	0.15%	0.05%
MTDR	D	0.2%	0.23%	0.2%
MTG	A	0.07%	0.26%	0.07%
MTSI	B	0.07%	0.24%	0.07%
MTZ	A	0.05%	0.29%	0.05%
MUSA	D	0.05%	0.34%	0.05%
NBIX	F	0.08%	0.44%	0.08%
NEU	F	0.24%	0.14%	0.14%
NFG	A	0.21%	0.19%	0.19%
NNN	C	0.14%	0.31%	0.14%
NOV	F	0.2%	0.25%	0.2%
NSA	D	0.14%	0.12%	0.12%
NVST	D	0.09%	0.12%	0.09%
NVT	C	0.05%	0.45%	0.05%
NXST	D	0.05%	0.2%	0.05%
NYT	C	0.05%	0.34%	0.05%
OC	C	0.05%	0.58%	0.05%
OGE	C	0.21%	0.29%	0.21%
OHI	C	0.14%	0.36%	0.14%
OLED	B	0.06%	0.32%	0.06%
OLLI	C	0.05%	0.2%	0.05%
OLN	D	0.28%	0.23%	0.23%
ONTO	B	0.07%	0.44%	0.07%
ORI	A	0.06%	0.34%	0.06%
OSK	F	0.04%	0.26%	0.04%
OVV	D	0.2%	0.37%	0.2%
OZK	D	0.06%	0.17%	0.06%
PAG	D	0.05%	0.13%	0.05%
PB	D	0.06%	0.26%	0.06%
PCTY	C	0.05%	0.26%	0.05%
PFGC	A	0.17%	0.47%	0.17%
PII	D	0.05%	0.18%	0.05%
PK	D	0.15%	0.13%	0.13%
PNFP	B	0.07%	0.29%	0.07%
POST	C	0.16%	0.21%	0.16%
PPC	C	0.17%	0.07%	0.07%
PR	D	0.21%	0.27%	0.21%
PRGO	F	0.08%	0.14%	0.08%
PRI	A	0.07%	0.35%	0.07%
PSTG	F	0.06%	0.6%	0.06%
PVH	D	0.06%	0.21%	0.06%
R	C	0.05%	0.25%	0.05%
RBA	D	0.05%	0.55%	0.05%
RBC	C	0.25%	0.33%	0.25%
RCM	B	0.08%	0.1%	0.08%
REXR	D	0.14%	0.41%	0.14%
RGA	B	0.06%	0.55%	0.06%
RGEN	F	0.08%	0.29%	0.08%
RGLD	C	0.24%	0.36%	0.24%
RLI	A	0.07%	0.23%	0.07%
RNR	A	0.07%	0.52%	0.07%
RPM	A	0.05%	0.57%	0.05%
RRC	D	0.22%	0.27%	0.22%
RRX	B	0.05%	0.46%	0.05%
RS	D	0.26%	0.64%	0.26%
RYAN	A	0.07%	0.25%	0.07%
RYN	C	0.14%	0.16%	0.14%
SAIA	D	0.05%	0.37%	0.05%
SAIC	A	0.06%	0.25%	0.06%
SAM	D	0.17%	0.09%	0.09%
SCI	D	0.05%	0.41%	0.05%
SEIC	B	0.06%	0.26%	0.06%
SF	A	0.07%	0.37%	0.07%
SKX	B	0.05%	0.35%	0.05%
SLGN	B	0.05%	0.16%	0.05%
SLM	B	0.07%	0.2%	0.07%
SNV	D	0.06%	0.25%	0.06%
SNX	C	0.07%	0.37%	0.07%
SON	D	0.04%	0.2%	0.04%
SRCL	B	0.2%	0.2%	0.2%
SSD	B	0.05%	0.31%	0.05%
ST	F	0.05%	0.23%	0.05%
STAG	D	0.14%	0.27%	0.14%
STWD	C	0.06%	0.24%	0.06%
THC	D	0.08%	0.62%	0.08%
THG	A	0.06%	0.2%	0.06%
THO	C	0.06%	0.23%	0.06%
TKR	B	0.26%	0.21%	0.21%
TNL	B	0.06%	0.13%	0.06%
TOL	C	0.06%	0.59%	0.06%
TPL	A	0.22%	0.65%	0.22%
TPX	C	0.06%	0.37%	0.06%
TREX	D	0.05%	0.27%	0.05%
TTC	F	0.05%	0.37%	0.05%
TTEK	A	0.05%	0.46%	0.05%
TXRH	A	0.06%	0.45%	0.06%
UAA	B	0.06%	0.13%	0.06%
UGI	C	0.21%	0.2%	0.2%
UNM	A	0.07%	0.39%	0.07%
USFD	C	0.16%	0.53%	0.16%
UTHR	C	0.09%	0.61%	0.09%
VAC	D	0.06%	0.1%	0.06%
VMI	B	0.05%	0.23%	0.05%
VNO	B	0.15%	0.23%	0.15%
VNT	F	0.05%	0.2%	0.05%
VOYA	A	0.06%	0.27%	0.06%
VVV	D	0.05%	0.21%	0.05%
WBS	D	0.07%	0.31%	0.07%
WCC	D	0.05%	0.29%	0.05%
WEN	B	0.05%	0.11%	0.05%
WEX	C	0.05%	0.31%	0.05%
WFRD	F	0.19%	0.26%	0.19%
WH	C	0.05%	0.24%	0.05%
WHR	C	0.06%	0.23%	0.06%
WING	C	0.05%	0.45%	0.05%
WLK	C	0.26%	0.19%	0.19%
WMS	D	0.05%	0.43%	0.05%
WPC	C	0.14%	0.48%	0.14%
WSM	C	0.06%	0.71%	0.06%
WSO	C	0.05%	0.6%	0.05%
WTFC	B	0.07%	0.27%	0.07%
WTRG	D	0.2%	0.35%	0.2%
WU	D	0.04%	0.16%	0.04%
WWD	C	0.05%	0.38%	0.05%
X	F	0.25%	0.33%	0.25%
XPO	F	0.05%	0.52%	0.05%
XRAY	D	0.08%	0.2%	0.08%
YETI	C	0.06%	0.13%	0.06%
ZI	F	0.06%	0.11%	0.06%
ZION	D	0.07%	0.27%	0.07%

EQAL Overweight 693 Positions Relative to QVMM

Symbol	Grade	Weight
LBRDK	C	0.66%
IRDM	C	0.61%
LITE	A	0.61%
UI	B	0.56%
CSCO	A	0.55%
ANET	A	0.55%
CMCSA	B	0.54%
VZ	C	0.53%
JNPR	C	0.52%
TMUS	A	0.52%
T	B	0.52%
MSI	A	0.52%
ROKU	C	0.51%
CHTR	D	0.49%
MP	C	0.32%
SMG	C	0.31%
VST	A	0.3%
FCX	B	0.3%
CC	D	0.29%
SCCO	B	0.29%
STLD	C	0.28%
CE	D	0.28%
EMN	C	0.27%
CEG	A	0.27%
HUN	B	0.27%
FMC	C	0.26%
ESI	C	0.26%
NUE	D	0.26%
APD	C	0.26%
MOS	F	0.26%
ALB	D	0.26%
CF	A	0.26%
LIN	C	0.25%
ECL	C	0.25%
AVY	D	0.25%
NEM	C	0.25%
IP	C	0.25%
IFF	D	0.25%
LYB	B	0.25%
FAST	C	0.25%
EQT	C	0.23%
NRG	A	0.23%
SWN	D	0.23%
ETR	A	0.22%
KMI	A	0.22%
SLB	D	0.22%
FTI	B	0.22%
CWEN	C	0.22%
FSLR	C	0.22%
ENPH	F	0.22%
BKR	B	0.22%
AES	C	0.22%
NEE	C	0.21%
EXC	C	0.21%
MPC	D	0.21%
LNG	A	0.21%
VLO	F	0.21%
CMS	A	0.21%
COP	D	0.21%
SO	A	0.21%
SRE	C	0.21%
MRO	B	0.21%
NI	A	0.21%
ATO	A	0.21%
HAL	D	0.21%
DTE	B	0.21%
EIX	C	0.21%
EVRG	C	0.21%
PPL	C	0.21%
LNT	B	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%
CNP	B	0.21%
PEG	A	0.21%
RSG	D	0.2%
DVN	F	0.2%
AWK	D	0.2%
WM	B	0.2%
AEP	C	0.2%
PNW	C	0.2%
OKE	A	0.2%
FANG	D	0.2%
D	A	0.2%
FE	C	0.2%
DUK	C	0.2%
ES	D	0.2%
AGR	C	0.2%
TRGP	A	0.2%
OXY	D	0.2%
WMB	A	0.2%
WEC	B	0.2%
ED	C	0.2%
PCG	C	0.2%
XEL	C	0.2%
GO	F	0.18%
NFE	F	0.18%
CAG	D	0.17%
KR	C	0.17%
WBA	F	0.17%
MNST	D	0.17%
STZ	D	0.17%
KHC	F	0.17%
SPB	C	0.17%
LW	D	0.17%
SJM	D	0.17%
CTVA	A	0.17%
CVS	D	0.17%
TAP	D	0.17%
FRPT	A	0.16%
TSN	D	0.16%
PM	D	0.16%
MO	D	0.16%
PEP	F	0.16%
ACI	F	0.16%
HSY	D	0.16%
CL	D	0.16%
REYN	D	0.16%
PG	D	0.16%
CLX	C	0.16%
HRL	F	0.16%
CPB	D	0.16%
MDLZ	D	0.16%
MKC	C	0.16%
KMB	D	0.16%
ADM	F	0.16%
K	B	0.16%
Z	C	0.16%
KVUE	C	0.16%
KO	C	0.16%
CHD	D	0.16%
SEB	F	0.16%
KDP	C	0.16%
BG	F	0.16%
SYY	D	0.16%
GIS	C	0.16%
CBRE	C	0.15%
HHH	C	0.15%
HST	D	0.15%
MPW	C	0.15%
SEG	F	0.15%
WY	C	0.15%
MCK	F	0.15%
REG	C	0.14%
CSGP	F	0.14%
PLD	D	0.14%
UDR	C	0.14%
INVH	D	0.14%
KIM	C	0.14%
AMT	D	0.14%
AVB	C	0.14%
CCI	D	0.14%
VTR	C	0.14%
FRT	D	0.14%
VICI	C	0.14%
WELL	C	0.14%
COLD	D	0.14%
ARE	D	0.14%
PSA	C	0.14%
SBAC	C	0.14%
EXR	D	0.14%
IRM	B	0.14%
DLR	C	0.14%
CPT	C	0.14%
O	C	0.14%
DOC	C	0.14%
HIW	C	0.14%
EQIX	C	0.14%
SPG	A	0.14%
BXP	B	0.14%
SUI	D	0.13%
ELS	D	0.13%
ESS	D	0.13%
EQR	C	0.13%
MAA	D	0.13%
WST	D	0.09%
TMO	D	0.09%
HSIC	D	0.09%
CTLT	A	0.09%
ALNY	C	0.09%
DHR	D	0.09%
BMY	A	0.09%
A	B	0.09%
TECH	D	0.09%
CERT	F	0.09%
GEHC	C	0.09%
WAT	B	0.09%
ALGN	D	0.09%
ITCI	D	0.08%
ELV	F	0.08%
APP	A	0.08%
VRTX	D	0.08%
RARE	D	0.08%
MRNA	F	0.08%
LLY	D	0.08%
OGN	F	0.08%
MU	D	0.08%
INTC	D	0.08%
IONS	F	0.08%
RMD	C	0.08%
PEN	D	0.08%
VEEV	C	0.08%
SRPT	F	0.08%
FTRE	F	0.08%
MOH	F	0.08%
ISRG	C	0.08%
STE	D	0.08%
WOLF	F	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%
BAX	D	0.08%
UNH	B	0.08%
AMGN	D	0.08%
MDT	C	0.08%
UHS	D	0.08%
INSP	C	0.08%
ELAN	D	0.08%
CNC	F	0.08%
PFE	D	0.08%
DGX	D	0.08%
CAH	B	0.08%
SYK	C	0.08%
ABBV	C	0.08%
ABT	C	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%
RPRX	D	0.08%
SHC	C	0.08%
TFX	C	0.08%
CRL	F	0.08%
ZTS	C	0.08%
BDX	C	0.08%
QGEN	F	0.08%
ZBH	F	0.08%
HCA	C	0.08%
ILMN	B	0.08%
BIO	B	0.08%
BSX	A	0.08%
DVA	C	0.08%
MSTR	B	0.08%
PINC	F	0.08%
CDW	D	0.07%
AAPL	C	0.07%
MSCI	B	0.07%
CAR	D	0.07%
PNC	C	0.07%
HBAN	B	0.07%
KEY	B	0.07%
FTNT	A	0.07%
GS	B	0.07%
BSY	D	0.07%
CB	A	0.07%
BOKF	B	0.07%
APLS	F	0.07%
NTAP	D	0.07%
LDOS	A	0.07%
DDOG	B	0.07%
RJF	B	0.07%
PFG	A	0.07%
DBX	C	0.07%
IBM	A	0.07%
DFS	A	0.07%
EPAM	F	0.07%
TOST	B	0.07%
ZM	B	0.07%
ORCL	A	0.07%
BK	A	0.07%
ON	F	0.07%
ADI	B	0.07%
DT	B	0.07%
ESTC	F	0.07%
GWRE	A	0.07%
AVGO	B	0.07%
SNPS	F	0.07%
TER	C	0.07%
FITB	C	0.07%
SCHW	D	0.07%
NTRS	B	0.07%
CNA	D	0.07%
TROW	D	0.07%
AIZ	B	0.07%
CME	A	0.07%
HOOD	B	0.07%
CMA	C	0.07%
W	C	0.07%
PLTR	A	0.07%
RF	B	0.07%
CRBG	B	0.07%
MCHP	F	0.07%
BRO	A	0.07%
GOOGL	B	0.07%
ENTG	D	0.07%
AXS	A	0.07%
ACGL	A	0.07%
ADSK	B	0.07%
OMF	D	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%
MTB	A	0.07%
HPQ	B	0.07%
BRK.A	B	0.07%
TRV	B	0.07%
IT	A	0.07%
PATH	D	0.07%
DELL	C	0.07%
GLW	C	0.07%
DOX	B	0.07%
SOFI	C	0.07%
CTSH	B	0.07%
FDS	C	0.07%
NCNO	F	0.07%
STT	A	0.07%
BLK	A	0.07%
GDDY	B	0.07%
LVS	B	0.07%
WTW	C	0.07%
HIG	A	0.07%
LNC	B	0.07%
MTCH	B	0.07%
AKAM	D	0.07%
META	A	0.07%
TPG	A	0.07%
PEGA	B	0.07%
RNG	F	0.07%
PSN	A	0.07%
PCOR	D	0.07%
S	C	0.07%
C	B	0.07%
HUBS	D	0.07%
CRM	B	0.07%
AMD	C	0.07%
WFC	B	0.07%
TDC	D	0.07%
DASH	A	0.07%
SMAR	A	0.07%
WAL	C	0.07%
WDC	C	0.07%
RH	C	0.07%
TW	A	0.07%
CLVT	D	0.07%
LRCX	D	0.07%
PINS	D	0.07%
USB	C	0.07%
CRWD	D	0.07%
MET	A	0.07%
IAC	C	0.07%
AMAT	C	0.07%
ARES	A	0.07%
LPLA	D	0.07%
DOCU	A	0.07%
APO	A	0.07%
OWL	A	0.07%
IVZ	A	0.07%
CG	B	0.07%
VRT	B	0.07%
KKR	A	0.07%
ALGM	F	0.07%
TWLO	B	0.07%
REGN	D	0.07%
JBL	C	0.07%
COIN	F	0.07%
HPE	B	0.07%
U	D	0.07%
ADBE	F	0.06%
DPZ	D	0.06%
NVR	C	0.06%
MSGS	A	0.06%
PHM	C	0.06%
BIRK	F	0.06%
POOL	D	0.06%
TTD	A	0.06%
HD	A	0.06%
KSS	D	0.06%
PLTK	C	0.06%
DIS	D	0.06%
LULU	D	0.06%
DLTR	F	0.06%
OMC	C	0.06%
ABNB	D	0.06%
SITE	D	0.06%
MAR	A	0.06%
MDB	D	0.06%
CCL	C	0.06%
DJT	F	0.06%
MGM	D	0.06%
ETSY	F	0.06%
TPR	B	0.06%
LYFT	D	0.06%
TRIP	D	0.06%
APTV	D	0.06%
MRVL	C	0.06%
NWL	D	0.06%
UBER	C	0.06%
LOW	C	0.06%
SPOT	C	0.06%
RL	B	0.06%
LYV	A	0.06%
CPNG	C	0.06%
RCL	B	0.06%
TKO	A	0.06%
UAL	A	0.06%
EXPE	B	0.06%
HAS	A	0.06%
LEG	D	0.06%
WBD	F	0.06%
TSLA	C	0.06%
VFC	A	0.06%
AIG	C	0.06%
CHH	A	0.06%
ROP	D	0.06%
UWMC	D	0.06%
SMCI	F	0.06%
CZR	B	0.06%
NKE	D	0.06%
ANSS	D	0.06%
GTLB	D	0.06%
BWA	C	0.06%
INTU	F	0.06%
NU	D	0.06%
UHAL	C	0.06%
NCLH	C	0.06%
DAL	C	0.06%
HCP	A	0.06%
WDAY	D	0.06%
XP	F	0.06%
AGO	B	0.06%
MKL	B	0.06%
CBOE	B	0.06%
TEAM	D	0.06%
FOXA	B	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	C	0.06%
TYL	D	0.06%
PRU	B	0.06%
NET	D	0.06%
ICE	A	0.06%
SPGI	C	0.06%
PTC	B	0.06%
NOW	B	0.06%
TFSL	D	0.06%
EG	A	0.06%
MCO	D	0.06%
WTM	C	0.06%
DXC	C	0.06%
VIRT	B	0.06%
MKTX	B	0.06%
MMC	D	0.06%
PAYC	D	0.06%
GLOB	D	0.06%
MSFT	D	0.06%
SSNC	C	0.06%
PYCR	D	0.06%
VRSN	C	0.06%
AON	A	0.06%
CVNA	A	0.06%
OKTA	F	0.06%
NDAQ	C	0.06%
SNOW	F	0.06%
WRB	C	0.06%
AJG	C	0.06%
CINF	A	0.06%
AMP	A	0.06%
FHB	D	0.06%
PGR	B	0.06%
DNB	D	0.06%
JPM	C	0.06%
BR	B	0.06%
CDNS	D	0.06%
CFLT	F	0.06%
RKT	D	0.06%
NVDA	B	0.06%
ALL	A	0.06%
FCNCA	D	0.06%
BAC	B	0.06%
MS	A	0.06%
DAY	C	0.06%
APH	D	0.06%
GFS	F	0.06%
BPOP	D	0.06%
GL	C	0.06%
TFC	D	0.06%
PANW	B	0.06%
ZS	F	0.06%
QCOM	D	0.06%
AGNC	B	0.06%
AFL	A	0.06%
TXN	C	0.06%
FIVN	F	0.06%
CFG	C	0.06%
EFX	D	0.05%
CSX	D	0.05%
CTAS	C	0.05%
ROK	D	0.05%
AFRM	C	0.05%
APG	F	0.05%
SPR	D	0.05%
PPG	D	0.05%
LHX	A	0.05%
BAH	C	0.05%
DOV	C	0.05%
IR	A	0.05%
IEX	D	0.05%
RHI	D	0.05%
FDX	F	0.05%
JKHY	A	0.05%
PAYX	B	0.05%
HII	F	0.05%
SQ	D	0.05%
TDG	A	0.05%
VSTS	D	0.05%
NOC	B	0.05%
SNA	C	0.05%
CPAY	A	0.05%
COF	A	0.05%
OTIS	A	0.05%
MKSI	F	0.05%
FI	A	0.05%
SHW	C	0.05%
PWR	A	0.05%
LMT	A	0.05%
XYL	C	0.05%
AXON	A	0.05%
FTV	C	0.05%
ITW	C	0.05%
UNP	F	0.05%
FIS	A	0.05%
PCAR	D	0.05%
FICO	C	0.05%
ALLE	A	0.05%
LCID	F	0.05%
AOS	C	0.05%
MMM	C	0.05%
GTES	C	0.05%
DE	C	0.05%
NSC	C	0.05%
VLTO	A	0.05%
SNDR	D	0.05%
UPS	D	0.05%
SYF	A	0.05%
TRMB	B	0.05%
MLM	F	0.05%
ADP	A	0.05%
MA	A	0.05%
JBHT	D	0.05%
HWM	A	0.05%
CNH	C	0.05%
NWSA	D	0.05%
BALL	C	0.05%
TTWO	D	0.05%
MHK	C	0.05%
TRU	C	0.05%
MAS	C	0.05%
VMC	D	0.05%
GWW	B	0.05%
DD	C	0.05%
BILL	D	0.05%
GE	B	0.05%
GNRC	B	0.05%
ODFL	F	0.05%
CARR	A	0.05%
PNR	C	0.05%
WAB	A	0.05%
NDSN	C	0.05%
GPC	D	0.05%
JCI	C	0.05%
TDY	A	0.05%
AL	D	0.05%
MTD	C	0.05%
BROS	F	0.05%
PH	A	0.05%
EMR	B	0.05%
MTN	D	0.05%
TT	A	0.05%
ACN	B	0.05%
ETN	B	0.05%
AMZN	C	0.05%
ROL	C	0.05%
RTX	A	0.05%
AWI	A	0.05%
HEI	C	0.05%
AMCR	C	0.05%
COST	C	0.05%
HUBB	A	0.05%
TSCO	A	0.05%
RBLX	D	0.05%
DOW	B	0.05%
CPRT	B	0.05%
HAYW	C	0.05%
AZEK	D	0.05%
PKG	B	0.05%
AAL	D	0.05%
ROST	D	0.05%
SBUX	B	0.05%
SEE	C	0.05%
ELF	F	0.05%
BLDR	C	0.05%
PYPL	A	0.05%
KEYS	B	0.05%
CMI	A	0.05%
J	F	0.05%
BFAM	C	0.05%
NFLX	A	0.05%
YUM	C	0.05%
AXP	A	0.05%
ALSN	A	0.05%
SWK	C	0.05%
SW	C	0.05%
ORLY	A	0.05%
EA	D	0.05%
FIVE	D	0.05%
WMT	A	0.05%
LUV	B	0.05%
CAT	A	0.05%
GM	D	0.05%
DHI	C	0.05%
ULTA	D	0.05%
EBAY	A	0.05%
TJX	D	0.05%
F	D	0.05%
URI	C	0.05%
LKQ	F	0.05%
CMG	C	0.05%
PARA	F	0.05%
HLT	A	0.05%
ATI	C	0.05%
IPG	D	0.05%
BKNG	B	0.05%
DRI	C	0.05%
GEV	A	0.05%
LEN	C	0.05%
TGT	C	0.05%
AZO	D	0.05%
KMX	F	0.05%
GRMN	D	0.05%
ALK	C	0.05%
QS	F	0.05%
MCD	A	0.05%
DECK	B	0.05%
SN	A	0.05%
CHRW	C	0.05%
ZBRA	B	0.05%
FOUR	A	0.05%
DKNG	C	0.05%
AAP	F	0.05%
DG	F	0.05%
PLNT	B	0.05%
PENN	D	0.05%
BBY	C	0.05%
HON	C	0.04%
GPN	F	0.04%
WSC	D	0.04%
VRSK	D	0.04%
V	B	0.04%
GD	C	0.04%
RIVN	F	0.04%
BA	F	0.04%
ADTN	C	0.04%
TXT	F	0.04%
CXT	F	0.04%
EXPD	D	0.04%
AME	C	0.04%

EQAL Underweight 81 Positions Relative to QVMM

Symbol	Grade	Weight
SFM	A	-0.41%
FLR	B	-0.33%
AIT	B	-0.32%
UFPI	C	-0.31%
ANF	D	-0.29%
SSB	C	-0.28%
TMHC	C	-0.28%
HALO	D	-0.28%
ALV	F	-0.27%
LNTH	C	-0.27%
NOVT	C	-0.26%
ESNT	A	-0.26%
CVLT	B	-0.26%
HQY	B	-0.26%
CMC	D	-0.25%
KBH	D	-0.24%
EXLS	B	-0.23%
ONB	D	-0.23%
CBT	B	-0.23%
MMS	C	-0.22%
CADE	B	-0.22%
CHX	C	-0.22%
GBCI	B	-0.21%
ALTR	B	-0.21%
KRG	C	-0.21%
SIGI	D	-0.21%
WTS	C	-0.21%
EXPO	A	-0.21%
BDC	A	-0.19%
MUR	F	-0.19%
HOMB	D	-0.19%
BCO	C	-0.19%
UBSI	D	-0.19%
OPCH	F	-0.19%
FFIN	D	-0.18%
HWC	D	-0.18%
POR	D	-0.18%
RMBS	F	-0.18%
AVNT	C	-0.18%
KNF	B	-0.18%
GATX	F	-0.18%
NJR	C	-0.17%
SWX	C	-0.17%
ASGN	D	-0.17%
IRT	D	-0.17%
UMBF	C	-0.17%
QLYS	F	-0.17%
CNX	A	-0.17%
ENS	B	-0.16%
WMG	D	-0.16%
VLY	C	-0.15%
SBRA	C	-0.15%
CNO	B	-0.15%
OGS	C	-0.15%
HAE	F	-0.15%
SLAB	D	-0.15%
BKH	C	-0.15%
ORA	C	-0.15%
NEOG	F	-0.14%
VAL	F	-0.14%
PNM	B	-0.14%
SR	D	-0.14%
TEX	F	-0.14%
NWE	C	-0.13%
SYNA	F	-0.13%
ASB	D	-0.13%
LANC	F	-0.13%
PBF	F	-0.13%
PCH	C	-0.13%
ALE	A	-0.13%
TCBI	B	-0.12%
IBOC	D	-0.12%
NSP	F	-0.12%
HGV	F	-0.11%
FHI	A	-0.11%
LIVN	C	-0.11%
VC	F	-0.11%
GHC	A	-0.11%
GT	F	-0.1%
VSH	F	-0.09%
GEF	B	-0.06%