EQAL vs. SHRT ETF Comparison

Comparison of PowerShares Russell 1000 Equal Weight Portfolio (EQAL) to Gotham Short Strategies ETF (SHRT)

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

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.55

Average Daily Volume

2,487

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	EQAL	SHRT
30 Days	5.64%	-7.59%
60 Days	6.61%	-8.76%
90 Days	8.92%	-8.43%
12 Months	28.87%	-6.99%

163 Overlapping Holdings

Symbol	Grade	Weight in EQAL	Weight in SHRT	Overlap
ABBV	D	0.07%	0.48%	0.07%
ALLE	D	0.05%	0.21%	0.05%
AMAT	F	0.06%	0.31%	0.06%
ANET	C	0.54%	0.51%	0.51%
AOS	F	0.04%	0.02%	0.02%
APG	B	0.05%	0.02%	0.02%
APPF	B	0.06%	0.15%	0.06%
ASH	D	0.22%	0.24%	0.22%
AVTR	F	0.06%	0.49%	0.06%
AWI	A	0.06%	0.09%	0.06%
BAH	F	0.04%	0.2%	0.04%
BALL	D	0.04%	0.62%	0.04%
BFAM	D	0.04%	0.02%	0.02%
BIIB	F	0.07%	1.36%	0.07%
BLD	D	0.04%	0.29%	0.04%
BLDR	D	0.05%	0.02%	0.02%
BMRN	D	0.06%	0.42%	0.06%
CCK	C	0.05%	0.4%	0.05%
CEG	D	0.23%	0.69%	0.23%
CF	B	0.26%	0.34%	0.26%
CHD	B	0.16%	0.07%	0.07%
CHDN	B	0.05%	0.18%	0.05%
CHTR	C	0.58%	0.82%	0.58%
CI	F	0.07%	0.31%	0.07%
CL	D	0.14%	0.63%	0.14%
CLX	B	0.16%	0.46%	0.16%
COTY	F	0.04%	0.2%	0.04%
CROX	D	0.04%	0.64%	0.04%
CRUS	D	0.05%	1.26%	0.05%
CTLT	B	0.08%	0.75%	0.08%
CTRA	B	0.22%	0.27%	0.22%
CVX	A	0.23%	1.31%	0.23%
D	C	0.19%	0.8%	0.19%
DD	D	0.04%	0.35%	0.04%
DNB	B	0.07%	0.02%	0.02%
DOX	D	0.06%	0.01%	0.01%
DTM	B	0.26%	0.04%	0.04%
DVA	B	0.08%	0.01%	0.01%
ECL	D	0.23%	0.5%	0.23%
EFX	F	0.04%	0.2%	0.04%
EHC	B	0.09%	0.01%	0.01%
EL	F	0.04%	0.56%	0.04%
ELAN	D	0.08%	1.13%	0.08%
EME	C	0.06%	0.5%	0.06%
EMN	D	0.24%	0.16%	0.16%
EMR	A	0.06%	0.26%	0.06%
ENPH	F	0.12%	0.57%	0.12%
EOG	A	0.23%	1.12%	0.23%
ESI	A	0.26%	0.16%	0.16%
EW	C	0.08%	0.19%	0.08%
EXEL	B	0.11%	0.46%	0.11%
FCN	D	0.04%	0.09%	0.04%
FCX	D	0.24%	0.71%	0.24%
FLS	B	0.06%	0.21%	0.06%
FMC	D	0.21%	1.45%	0.21%
FOXA	B	0.07%	0.18%	0.07%
GD	F	0.04%	0.33%	0.04%
GDDY	A	0.08%	0.16%	0.08%
GEHC	F	0.08%	0.01%	0.01%
GFS	C	0.07%	0.16%	0.07%
GM	B	0.06%	2.09%	0.06%
GMED	A	0.09%	0.11%	0.09%
GNRC	B	0.06%	0.43%	0.06%
H	B	0.06%	0.17%	0.06%
HAS	D	0.05%	0.35%	0.05%
HES	B	0.22%	0.3%	0.22%
HOLX	D	0.08%	0.58%	0.08%
HSIC	B	0.08%	0.02%	0.02%
IAC	D	0.06%	0.01%	0.01%
IDXX	F	0.07%	0.11%	0.07%
ILMN	D	0.09%	0.22%	0.09%
INFA	D	0.06%	0.12%	0.06%
INGR	B	0.17%	0.73%	0.17%
IPG	D	0.05%	0.1%	0.05%
IQV	D	0.07%	0.33%	0.07%
ISRG	A	0.09%	0.12%	0.09%
J	F	0.05%	0.63%	0.05%
JAZZ	B	0.09%	0.3%	0.09%
JBHT	C	0.05%	0.9%	0.05%
JCI	C	0.05%	0.81%	0.05%
KEX	C	0.05%	0.09%	0.05%
KLAC	D	0.05%	0.8%	0.05%
KMX	B	0.05%	0.56%	0.05%
LHX	C	0.05%	0.65%	0.05%
LII	A	0.05%	0.84%	0.05%
LKQ	D	0.05%	0.3%	0.05%
LPX	B	0.06%	1.65%	0.06%
LRCX	F	0.06%	1.84%	0.06%
LYFT	C	0.08%	0.13%	0.08%
MAS	D	0.05%	0.39%	0.05%
MKSI	C	0.05%	0.71%	0.05%
MOH	F	0.07%	0.63%	0.07%
MPWR	F	0.04%	0.03%	0.03%
MRO	B	0.22%	0.59%	0.22%
MRVL	B	0.07%	0.2%	0.07%
MSGS	A	0.06%	0.32%	0.06%
MTCH	D	0.05%	0.02%	0.02%
MTZ	B	0.05%	0.8%	0.05%
MU	D	0.07%	0.82%	0.07%
NBIX	C	0.08%	0.17%	0.08%
NCLH	B	0.08%	0.48%	0.08%
NFG	A	0.2%	0.22%	0.2%
NOC	D	0.04%	0.81%	0.04%
NOV	C	0.2%	0.08%	0.08%
NSC	B	0.05%	0.35%	0.05%
NTRA	B	0.1%	0.03%	0.03%
NXST	C	0.05%	0.05%	0.05%
OLED	D	0.05%	0.09%	0.05%
ONTO	D	0.05%	0.26%	0.05%
OVV	B	0.23%	0.69%	0.23%
PEN	B	0.09%	0.09%	0.09%
PFE	D	0.07%	0.65%	0.07%
PNR	A	0.05%	0.1%	0.05%
PODD	C	0.09%	0.11%	0.09%
POST	C	0.15%	0.55%	0.15%
PPC	C	0.19%	1.09%	0.19%
PSN	D	0.06%	0.21%	0.06%
PTC	A	0.07%	0.07%	0.07%
PWR	A	0.06%	0.02%	0.02%
QGEN	D	0.08%	1.01%	0.08%
QRVO	F	0.04%	0.88%	0.04%
R	B	0.06%	0.01%	0.01%
REGN	F	0.05%	0.08%	0.05%
RGEN	D	0.08%	0.55%	0.08%
RGLD	C	0.23%	0.08%	0.08%
ROST	C	0.05%	0.06%	0.05%
RVTY	F	0.08%	1.12%	0.08%
SCCO	F	0.24%	0.45%	0.24%
SLGN	A	0.05%	0.38%	0.05%
SNDR	B	0.05%	0.05%	0.05%
SO	D	0.19%	0.27%	0.19%
SPOT	B	0.07%	0.08%	0.07%
SWKS	F	0.05%	1.21%	0.05%
SYK	C	0.08%	0.23%	0.08%
TER	D	0.05%	0.02%	0.02%
TGT	F	0.05%	2.05%	0.05%
THC	D	0.08%	1.9%	0.08%
TKO	B	0.05%	0.78%	0.05%
TMO	F	0.07%	0.12%	0.07%
TPL	A	0.34%	0.09%	0.09%
TPX	B	0.06%	0.44%	0.06%
TRU	D	0.05%	0.34%	0.05%
TSN	B	0.16%	1.15%	0.16%
TTEK	F	0.04%	0.02%	0.02%
TWLO	A	0.11%	0.29%	0.11%
TXRH	C	0.06%	0.25%	0.06%
TYL	B	0.06%	0.19%	0.06%
UBER	D	0.05%	0.03%	0.03%
UHS	D	0.07%	0.8%	0.07%
UI	A	0.85%	0.26%	0.26%
UPS	C	0.05%	0.8%	0.05%
VLTO	D	0.04%	0.14%	0.04%
VMC	B	0.05%	0.36%	0.05%
VMI	B	0.05%	0.32%	0.05%
VRSN	F	0.07%	0.07%	0.07%
VTRS	A	0.09%	0.14%	0.09%
WBA	F	0.16%	0.92%	0.16%
WDC	D	0.06%	0.65%	0.06%
WSM	B	0.05%	0.23%	0.05%
XRAY	F	0.06%	0.31%	0.06%
ZBH	C	0.08%	0.01%	0.01%
ZBRA	B	0.06%	1.0%	0.06%
ZTS	D	0.07%	0.33%	0.07%

EQAL Overweight 805 Positions Relative to SHRT

Symbol	Grade	Weight
LITE	B	0.78%
LBRDK	C	0.74%
CIEN	B	0.64%
TMUS	B	0.59%
CSCO	B	0.58%
IRDM	D	0.57%
CMCSA	B	0.56%
MSI	B	0.56%
T	A	0.51%
JNPR	F	0.5%
ROKU	D	0.5%
FYBR	D	0.49%
VZ	C	0.46%
VST	B	0.34%
MP	B	0.32%
AA	B	0.31%
STLD	B	0.29%
FAST	B	0.28%
IP	B	0.28%
CC	C	0.27%
APD	A	0.27%
RS	B	0.27%
ALB	C	0.27%
BKR	B	0.26%
EQT	B	0.26%
KMI	A	0.26%
TRGP	B	0.26%
RBC	A	0.26%
SMG	D	0.26%
NUE	C	0.25%
MOS	F	0.25%
X	C	0.25%
OKE	A	0.24%
OLN	D	0.24%
CLF	F	0.24%
WMB	A	0.24%
AR	B	0.23%
NRG	B	0.23%
PR	B	0.23%
RRC	B	0.23%
HXL	D	0.23%
LIN	D	0.23%
NEU	C	0.23%
MTDR	B	0.23%
LNG	B	0.23%
ETR	B	0.23%
FTI	A	0.23%
SLB	C	0.22%
AVY	D	0.22%
COP	C	0.22%
WLK	D	0.22%
SRE	A	0.22%
IDA	A	0.22%
TKR	D	0.22%
EVRG	A	0.21%
VLO	C	0.21%
PEG	A	0.21%
OGE	B	0.21%
LYB	F	0.21%
CLH	B	0.21%
HUN	F	0.21%
WM	A	0.21%
PCG	A	0.21%
FANG	D	0.21%
ATO	A	0.21%
NI	A	0.21%
HAL	C	0.21%
AEE	A	0.21%
XEL	A	0.21%
XOM	B	0.21%
CNP	B	0.21%
OXY	D	0.2%
BRBR	A	0.2%
WTRG	B	0.2%
AGR	B	0.2%
LW	C	0.2%
LNT	A	0.2%
WEC	A	0.2%
PNW	B	0.2%
RSG	A	0.2%
PSX	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%
MCK	B	0.19%
APA	D	0.19%
DUK	C	0.19%
EXC	C	0.19%
DTE	C	0.19%
DINO	D	0.19%
CWEN	C	0.19%
EIX	B	0.19%
CMS	C	0.19%
MPC	D	0.19%
UGI	A	0.19%
CIVI	D	0.19%
DVN	F	0.19%
CHRD	D	0.19%
USFD	A	0.18%
AWK	D	0.18%
NEE	D	0.18%
MNST	C	0.18%
Z	A	0.18%
AEP	D	0.18%
ES	D	0.18%
NEM	D	0.18%
ED	D	0.18%
WFRD	D	0.18%
FE	C	0.18%
PFGC	B	0.18%
MO	A	0.17%
NFE	D	0.17%
FRPT	B	0.17%
KR	B	0.17%
GO	C	0.17%
ACI	C	0.16%
K	A	0.16%
VNO	B	0.16%
KVUE	A	0.16%
COR	B	0.16%
PM	B	0.16%
FSLR	F	0.16%
SPB	C	0.16%
CTVA	C	0.16%
APP	B	0.16%
CASY	A	0.16%
KMB	D	0.15%
CE	F	0.15%
SEG	B	0.15%
KHC	F	0.15%
PK	B	0.15%
PEP	F	0.15%
SPG	B	0.15%
PG	A	0.15%
HRL	D	0.15%
HHH	B	0.15%
FLO	D	0.15%
CVS	D	0.15%
COKE	C	0.15%
SJM	D	0.15%
STZ	D	0.15%
DLR	B	0.15%
AES	F	0.15%
MSTR	C	0.15%
KRC	C	0.15%
CBRE	B	0.15%
SYY	B	0.15%
REG	B	0.14%
CAG	D	0.14%
ADC	B	0.14%
LAMR	D	0.14%
SEB	F	0.14%
REYN	D	0.14%
KO	D	0.14%
BXP	D	0.14%
ADM	D	0.14%
MDLZ	F	0.14%
HST	C	0.14%
GIS	D	0.14%
CPB	D	0.14%
EQIX	A	0.14%
MKC	D	0.14%
KDP	D	0.14%
HSY	F	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%
STAG	F	0.13%
EXR	D	0.13%
AMH	D	0.13%
PSA	D	0.13%
EGP	F	0.13%
INVH	D	0.13%
EPR	D	0.13%
VICI	C	0.13%
GLPI	C	0.13%
CELH	F	0.13%
FR	C	0.13%
RYN	D	0.13%
EQR	B	0.13%
DOC	D	0.13%
ELS	C	0.13%
MAA	B	0.13%
UDR	B	0.13%
CSGP	D	0.13%
IRM	D	0.13%
FRT	B	0.13%
ESS	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%
REXR	F	0.12%
SUI	D	0.12%
CCI	D	0.12%
NNN	D	0.12%
PLD	D	0.12%
WPC	D	0.12%
NSA	D	0.12%
ARE	D	0.12%
CUBE	D	0.12%
O	D	0.12%
SBAC	D	0.12%
COIN	C	0.11%
DOCS	C	0.11%
SOFI	A	0.11%
AMT	D	0.11%
MASI	A	0.11%
BMY	B	0.1%
INCY	C	0.1%
DJT	C	0.1%
COLD	D	0.1%
PLTR	B	0.1%
MPW	F	0.1%
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%
HUBS	A	0.09%
IBKR	A	0.09%
LH	C	0.09%
WFC	A	0.09%
MS	A	0.09%
CVNA	B	0.09%
CAH	B	0.09%
GILD	C	0.09%
NVST	B	0.09%
DOCU	A	0.09%
CFLT	B	0.09%
APO	B	0.09%
WST	C	0.09%
UAL	A	0.09%
TOST	B	0.09%
TEAM	A	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%
AGO	B	0.08%
GS	A	0.08%
NVDA	C	0.08%
S	B	0.08%
KD	B	0.08%
NTRS	A	0.08%
ZM	B	0.08%
MDT	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%
BDX	F	0.08%
PCOR	B	0.08%
MTSI	B	0.08%
BHF	B	0.08%
ALGN	D	0.08%
MEDP	D	0.08%
CAR	C	0.08%
RNG	B	0.08%
HPE	B	0.08%
FTNT	C	0.08%
VRTX	F	0.08%
FTRE	D	0.08%
BILL	A	0.08%
CERT	F	0.08%
ALNY	D	0.08%
EPAM	C	0.08%
SNV	B	0.08%
SOLV	C	0.08%
EVR	B	0.08%
JEF	A	0.08%
TECH	D	0.08%
INTC	D	0.08%
JHG	A	0.08%
MTB	A	0.08%
PRGO	B	0.08%
CHE	D	0.08%
DFS	B	0.08%
CRM	B	0.08%
DAY	B	0.08%
SCHW	B	0.08%
KKR	A	0.08%
UNH	C	0.08%
RCM	F	0.08%
DGX	A	0.08%
CRL	C	0.08%
FHN	A	0.08%
PEGA	A	0.08%
CG	A	0.08%
COLB	A	0.08%
OWL	A	0.08%
ABT	B	0.08%
DASH	A	0.08%
UNM	A	0.08%
CRWD	B	0.08%
WTFC	A	0.08%
COHR	B	0.08%
PAYC	B	0.08%
AMP	A	0.08%
PNFP	B	0.08%
VEEV	C	0.08%
CFR	B	0.08%
SF	B	0.08%
RJF	A	0.08%
ENOV	C	0.08%
ZION	B	0.08%
WRB	A	0.07%
AJG	B	0.07%
RARE	D	0.07%
VOYA	B	0.07%
GL	B	0.07%
HIG	B	0.07%
CME	A	0.07%
WDAY	B	0.07%
VAC	B	0.07%
NDAQ	A	0.07%
AIG	B	0.07%
INTU	C	0.07%
CACI	D	0.07%
DDS	B	0.07%
NWL	B	0.07%
AON	A	0.07%
ORI	A	0.07%
MSCI	C	0.07%
BR	A	0.07%
SRPT	D	0.07%
BRKR	D	0.07%
LDOS	C	0.07%
BRK.A	B	0.07%
BKNG	A	0.07%
LLY	F	0.07%
META	D	0.07%
HPQ	B	0.07%
INSP	D	0.07%
SMAR	A	0.07%
BEN	C	0.07%
ANSS	B	0.07%
VKTX	F	0.07%
LYV	A	0.07%
MRK	F	0.07%
TPR	B	0.07%
WBD	C	0.07%
ALLY	C	0.07%
CINF	A	0.07%
TFSL	A	0.07%
GME	C	0.07%
MET	A	0.07%
UAA	C	0.07%
CRBG	B	0.07%
WTM	A	0.07%
TFC	A	0.07%
THG	A	0.07%
GEV	B	0.07%
AAL	B	0.07%
CDNS	B	0.07%
RYAN	B	0.07%
SNPS	B	0.07%
GLW	B	0.07%
TSLA	B	0.07%
CTSH	B	0.07%
GTLB	B	0.07%
BRO	B	0.07%
BK	A	0.07%
IT	C	0.07%
HUM	C	0.07%
AIZ	A	0.07%
GOOGL	C	0.07%
VIRT	B	0.07%
IVZ	B	0.07%
MORN	B	0.07%
AXS	A	0.07%
PRU	A	0.07%
DBX	B	0.07%
APH	A	0.07%
BOKF	B	0.07%
SNOW	C	0.07%
DV	C	0.07%
HCA	F	0.07%
ALK	C	0.07%
STT	A	0.07%
BROS	B	0.07%
KMPR	B	0.07%
GWRE	A	0.07%
TROW	B	0.07%
EXPE	B	0.07%
AMG	B	0.07%
FITB	A	0.07%
PB	A	0.07%
IPGP	D	0.07%
GLOB	B	0.07%
ORCL	B	0.07%
AXON	A	0.07%
WTW	B	0.07%
TRV	B	0.07%
FDS	B	0.07%
STE	F	0.07%
LSCC	D	0.07%
TW	A	0.07%
JPM	A	0.07%
NTNX	A	0.07%
DUOL	A	0.07%
MKL	A	0.07%
OZK	B	0.07%
SLM	A	0.07%
NOW	A	0.07%
FFIV	B	0.07%
WAL	B	0.07%
PNC	B	0.07%
RLI	B	0.07%
FCNCA	A	0.07%
AZTA	D	0.07%
AMGN	D	0.07%
CFG	B	0.07%
SHC	F	0.07%
PRI	A	0.07%
CBSH	A	0.07%
SEIC	B	0.07%
RPRX	D	0.07%
LAD	A	0.07%
DHR	F	0.07%
BAC	A	0.07%
BLK	C	0.07%
C	A	0.07%
NET	B	0.07%
KEY	B	0.07%
JNJ	D	0.07%
ADSK	A	0.07%
DELL	C	0.07%
DDOG	A	0.07%
RMD	C	0.07%
CCL	B	0.07%
LNC	B	0.07%
GEN	B	0.07%
ARES	A	0.07%
RF	A	0.07%
ESTC	C	0.07%
PANW	C	0.07%
FHB	A	0.07%
A	D	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%
USB	A	0.07%
ADBE	C	0.06%
PYPL	B	0.06%
HD	A	0.06%
ARMK	B	0.06%
TRIP	F	0.06%
CMI	A	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%
SCI	B	0.06%
OMC	C	0.06%
SQ	B	0.06%
AGNC	D	0.06%
SNA	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%
LOW	D	0.06%
ELV	F	0.06%
AKAM	D	0.06%
AYI	B	0.06%
AFRM	B	0.06%
ON	D	0.06%
RHI	B	0.06%
WOLF	F	0.06%
EA	A	0.06%
PENN	C	0.06%
PAG	B	0.06%
SAIA	B	0.06%
FIX	A	0.06%
CBOE	B	0.06%
ABNB	C	0.06%
CPNG	D	0.06%
THO	B	0.06%
BBWI	D	0.06%
ADI	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%
ICE	C	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%
RNR	C	0.06%
SPGI	C	0.06%
IBM	C	0.06%
WCC	B	0.06%
MDB	C	0.06%
MMC	B	0.06%
APLS	D	0.06%
XPO	B	0.06%
QCOM	F	0.06%
U	C	0.06%
MSFT	F	0.06%
PINS	D	0.06%
BPOP	B	0.06%
EG	C	0.06%
RL	B	0.06%
FAF	A	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%
MCO	B	0.06%
TXN	C	0.06%
DIS	B	0.06%
WYNN	D	0.06%
MAR	B	0.06%
CNC	D	0.06%
TFX	F	0.06%
AFL	B	0.06%
LVS	C	0.06%
TTD	B	0.06%
CHH	A	0.06%
TTWO	A	0.06%
COF	B	0.06%
CB	C	0.06%
PSTG	D	0.06%
ZI	D	0.06%
FNF	B	0.06%
AVGO	D	0.06%
AAPL	C	0.06%
L	A	0.06%
PGR	A	0.06%
CNA	B	0.06%
MKTX	D	0.06%
SNX	C	0.06%
PLNT	A	0.06%
DXC	B	0.06%
KNSL	B	0.06%
PFG	D	0.06%
BAX	D	0.06%
RH	B	0.06%
OKTA	C	0.06%
GRMN	B	0.06%
WH	B	0.06%
DLB	B	0.06%
AAON	B	0.06%
NU	C	0.06%
LULU	C	0.06%
CACC	D	0.06%
ROP	B	0.06%
PATH	C	0.06%
RGA	A	0.06%
PCTY	B	0.06%
ALL	A	0.06%
MANH	D	0.06%
AVT	C	0.06%
TNL	A	0.06%
AFG	A	0.06%
TDC	D	0.06%
DT	C	0.06%
MSA	D	0.05%
MMM	D	0.05%
MRNA	F	0.05%
LNW	D	0.05%
WEX	D	0.05%
VRSK	A	0.05%
SSD	D	0.05%
CSX	B	0.05%
OLLI	D	0.05%
LFUS	F	0.05%
MIDD	C	0.05%
GE	D	0.05%
MSM	C	0.05%
BERY	B	0.05%
WWD	B	0.05%
AGCO	D	0.05%
PPG	F	0.05%
LEA	D	0.05%
BC	C	0.05%
EXPD	D	0.05%
SHW	A	0.05%
DG	F	0.05%
DOV	A	0.05%
SKX	D	0.05%
NDSN	B	0.05%
CNM	D	0.05%
ITW	B	0.05%
FND	C	0.05%
LEN	D	0.05%
HOG	D	0.05%
V	A	0.05%
CTAS	B	0.05%
EEFT	B	0.05%
CGNX	C	0.05%
TSCO	D	0.05%
HRB	D	0.05%
GPC	D	0.05%
DKS	C	0.05%
BBY	D	0.05%
GPN	B	0.05%
MTN	C	0.05%
GGG	B	0.05%
LEG	F	0.05%
FIVE	F	0.05%
RTX	C	0.05%
SEE	C	0.05%
KEYS	A	0.05%
KSS	F	0.05%
PHM	D	0.05%
BIRK	D	0.05%
NKE	D	0.05%
ROL	B	0.05%
DLTR	F	0.05%
YUM	B	0.05%
FIS	C	0.05%
FDX	B	0.05%
AZEK	A	0.05%
TXG	F	0.05%
BURL	A	0.05%
TREX	C	0.05%
PAYX	C	0.05%
AN	C	0.05%
ITT	A	0.05%
MA	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%
CDW	F	0.05%
KNX	B	0.05%
ACN	C	0.05%
HUBB	B	0.05%
CAT	B	0.05%
SN	D	0.05%
AXTA	A	0.05%
SBUX	A	0.05%
UHAL	D	0.05%
SW	A	0.05%
ATR	B	0.05%
AZO	C	0.05%
HAYW	B	0.05%
ADTN	A	0.05%
MLM	B	0.05%
ACM	A	0.05%
COST	B	0.05%
NVT	B	0.05%
AL	B	0.05%
POOL	C	0.05%
MCD	D	0.05%
YETI	C	0.05%
EXP	A	0.05%
ROK	B	0.05%
TT	A	0.05%
WAB	B	0.05%
CR	A	0.05%
DCI	B	0.05%
CSL	C	0.05%
HEI	B	0.05%
NYT	C	0.05%
RPM	A	0.05%
ADP	B	0.05%
RRX	B	0.05%
JWN	C	0.05%
SITE	D	0.05%
TJX	A	0.05%
MCHP	D	0.05%
WSO	A	0.05%
TDY	B	0.05%
G	B	0.05%
DRI	B	0.05%
F	C	0.05%
AAP	C	0.05%
LECO	B	0.05%
HON	B	0.05%
MGM	D	0.05%
MUSA	A	0.05%
IR	B	0.05%
AMKR	D	0.05%
PH	A	0.05%
GNTX	C	0.05%
GXO	B	0.05%
AXP	A	0.05%
MAT	D	0.05%
SIRI	C	0.05%
M	D	0.05%
TOL	B	0.05%
ETN	A	0.05%
WMT	A	0.05%
URI	B	0.05%
CMG	B	0.05%
OSK	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%
PKG	A	0.05%
XP	F	0.05%
VVV	F	0.05%
ULTA	F	0.05%
WEN	D	0.05%
OC	A	0.05%
CHRW	C	0.05%
FI	A	0.05%
ORLY	B	0.05%
PARA	C	0.05%
ELF	C	0.05%
GTES	A	0.05%
GWW	B	0.05%
PCAR	B	0.05%
CPAY	A	0.05%
GAP	C	0.05%
DPZ	C	0.05%
ODFL	B	0.05%
BWA	D	0.05%
BJ	A	0.05%
IEX	B	0.05%
AMZN	C	0.05%
WSC	D	0.04%
RIVN	F	0.04%
CNXC	F	0.04%
BA	F	0.04%
WING	D	0.04%
UWMC	D	0.04%
SWK	D	0.04%
CRI	D	0.04%
DOW	F	0.04%
MTD	D	0.04%
ACHC	F	0.04%
WMS	D	0.04%
SPR	D	0.04%
APTV	D	0.04%
TDG	D	0.04%
FBIN	D	0.04%
XYL	D	0.04%
PII	D	0.04%
MHK	D	0.04%
QS	F	0.04%
WU	D	0.04%
TXT	D	0.04%
LMT	D	0.04%
VSTS	C	0.04%
CXT	B	0.04%
ST	F	0.04%
MAN	D	0.04%
CLVT	F	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%
SON	D	0.04%
JKHY	D	0.04%
LSTR	D	0.04%
TTC	D	0.04%
UNP	C	0.04%
RKT	F	0.04%
CARR	D	0.04%
CPRI	F	0.03%
LCID	F	0.03%
MDU	D	0.03%
HII	D	0.03%
SMCI	F	0.02%

EQAL Underweight 37 Positions Relative to SHRT

Symbol	Grade	Weight
CHWY	B	-1.34%
GTLS	B	-1.08%
MATX	C	-0.83%
ICUI	D	-0.67%
STX	D	-0.66%
MUR	D	-0.61%
AVNT	B	-0.5%
CNX	A	-0.5%
FSS	B	-0.47%
HALO	F	-0.44%
LTH	C	-0.37%
MMS	F	-0.29%
BPMC	C	-0.24%
SKYW	B	-0.23%
LEVI	F	-0.22%
HIMS	B	-0.2%
ALKS	B	-0.17%
ACIW	B	-0.16%
ADMA	B	-0.15%
KTB	B	-0.15%
SHAK	C	-0.14%
RKLB	B	-0.13%
SWX	B	-0.13%
CNI	D	-0.11%
SEM	B	-0.09%
PLXS	B	-0.08%
IGT	F	-0.08%
CWAN	B	-0.07%
ABG	B	-0.07%
PRIM	A	-0.06%
QTWO	A	-0.05%
FTDR	A	-0.04%
CMC	B	-0.03%
RUSHA	C	-0.01%
SITM	B	-0.01%
OPCH	D	-0.01%
CRVL	A	-0.0%