EES vs. FNCL ETF Comparison

Comparison of WisdomTree SmallCap Earnings Fund (EES) to Fidelity MSCI Financials Index ETF (FNCL)

EES

WisdomTree SmallCap Earnings Fund

EES Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a fundamentally weighted index that is comprised of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.49

Average Daily Volume

21,535

Number of Holdings ^*

838

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.43

Average Daily Volume

112,716

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	EES	FNCL
30 Days	8.25%	7.55%
60 Days	7.72%	11.91%
90 Days	8.21%	14.78%
12 Months	30.64%	47.47%

159 Overlapping Holdings

Symbol	Grade	Weight in EES	Weight in FNCL	Overlap
AGM	B	0.19%	0.03%	0.03%
AMAL	B	0.14%	0.01%	0.01%
AMBC	C	0.16%	0.01%	0.01%
AMSF	B	0.05%	0.01%	0.01%
AMTB	B	0.06%	0.01%	0.01%
AROW	B	0.02%	0.0%	0.0%
AUB	B	0.33%	0.04%	0.04%
AX	B	0.64%	0.05%	0.05%
BANC	B	0.12%	0.03%	0.03%
BANR	B	0.3%	0.03%	0.03%
BFC	B	0.05%	0.01%	0.01%
BFH	C	0.76%	0.01%	0.01%
BFST	C	0.07%	0.01%	0.01%
BGC	C	0.62%	0.05%	0.05%
BHB	C	0.04%	0.01%	0.01%
BHLB	B	0.13%	0.02%	0.02%
BHRB	B	0.08%	0.01%	0.01%
BKU	A	0.33%	0.04%	0.04%
BOH	B	0.24%	0.04%	0.04%
BRKL	B	0.09%	0.01%	0.01%
BSIG	A	0.1%	0.01%	0.01%
BUSE	B	0.14%	0.02%	0.02%
BY	B	0.15%	0.01%	0.01%
CAC	C	0.05%	0.01%	0.01%
CASH	B	0.25%	0.02%	0.02%
CASS	C	0.02%	0.01%	0.01%
CBU	B	0.29%	0.04%	0.04%
CCB	A	0.06%	0.01%	0.01%
CCBG	B	0.06%	0.01%	0.01%
CFB	B	0.09%	0.01%	0.01%
CFFN	C	0.04%	0.01%	0.01%
CHCO	B	0.14%	0.02%	0.02%
CLBK	C	0.06%	0.01%	0.01%
CNOB	B	0.11%	0.01%	0.01%
CPF	B	0.09%	0.01%	0.01%
CTBI	B	0.1%	0.01%	0.01%
CTLP	B	0.02%	0.01%	0.01%
CUBI	B	0.23%	0.02%	0.02%
CVBF	A	0.29%	0.04%	0.04%
DCOM	B	0.18%	0.01%	0.01%
DFIN	D	0.08%	0.02%	0.02%
DGICA	A	0.02%	0.0%	0.0%
DHIL	B	0.03%	0.0%	0.0%
EBC	B	0.37%	0.04%	0.04%
EFSC	B	0.3%	0.03%	0.03%
EGBN	B	0.13%	0.01%	0.01%
EIG	B	0.12%	0.02%	0.02%
ENVA	B	0.52%	0.03%	0.03%
EQBK	B	0.06%	0.01%	0.01%
EVTC	B	0.17%	0.03%	0.03%
EZPW	B	0.09%	0.01%	0.01%
FBK	C	0.22%	0.03%	0.03%
FBMS	B	0.12%	0.01%	0.01%
FBNC	B	0.15%	0.02%	0.02%
FCBC	C	0.05%	0.01%	0.01%
FCF	B	0.19%	0.02%	0.02%
FFBC	B	0.37%	0.03%	0.03%
FHB	B	0.37%	0.05%	0.05%
FMBH	B	0.08%	0.01%	0.01%
FMNB	B	0.04%	0.01%	0.01%
FRME	B	0.34%	0.03%	0.03%
FSBC	C	0.05%	0.01%	0.01%
FULT	A	0.43%	0.04%	0.04%
GABC	B	0.12%	0.02%	0.02%
GDOT	D	0.11%	0.01%	0.01%
GSBC	C	0.09%	0.01%	0.01%
GSHD	A	0.09%	0.04%	0.04%
HAFC	B	0.12%	0.01%	0.01%
HBNC	B	0.1%	0.01%	0.01%
HBT	B	0.08%	0.0%	0.0%
HCI	C	0.04%	0.01%	0.01%
HFWA	C	0.09%	0.01%	0.01%
HMN	B	0.05%	0.02%	0.02%
HONE	C	0.02%	0.01%	0.01%
HOPE	C	0.21%	0.02%	0.02%
HTBK	B	0.08%	0.01%	0.01%
HTH	C	0.1%	0.02%	0.02%
HTLF	B	0.4%	0.04%	0.04%
IBCP	B	0.08%	0.01%	0.01%
IBTX	B	0.25%	0.03%	0.03%
IIIV	C	0.04%	0.01%	0.01%
IMXI	B	0.06%	0.01%	0.01%
INDB	B	0.33%	0.04%	0.04%
KRNY	C	0.02%	0.01%	0.01%
LC	A	0.09%	0.02%	0.02%
LKFN	C	0.1%	0.02%	0.02%
LOB	C	0.07%	0.02%	0.02%
LPRO	B	0.02%	0.01%	0.01%
MBIN	F	0.26%	0.01%	0.01%
MBWM	B	0.1%	0.01%	0.01%
MCB	B	0.11%	0.01%	0.01%
MCBS	B	0.07%	0.01%	0.01%
MSBI	B	0.08%	0.01%	0.01%
NAVI	F	0.35%	0.02%	0.02%
NBHC	C	0.2%	0.02%	0.02%
NBTB	B	0.18%	0.03%	0.03%
NFBK	C	0.04%	0.01%	0.01%
NIC	B	0.13%	0.02%	0.02%
NMIH	C	0.45%	0.04%	0.04%
NNI	D	0.21%	0.02%	0.02%
NWBI	B	0.18%	0.02%	0.02%
OBK	C	0.1%	0.01%	0.01%
OCFC	B	0.15%	0.02%	0.02%
OFG	B	0.23%	0.02%	0.02%
OSBC	A	0.11%	0.01%	0.01%
PAY	A	0.03%	0.01%	0.01%
PAYO	A	0.12%	0.03%	0.03%
PEBO	B	0.15%	0.02%	0.02%
PFBC	B	0.23%	0.01%	0.01%
PFC	B	0.14%	0.01%	0.01%
PFS	B	0.32%	0.03%	0.03%
PGC	B	0.07%	0.01%	0.01%
PJT	A	0.14%	0.05%	0.05%
PLMR	A	0.13%	0.03%	0.03%
PPBI	C	0.27%	0.03%	0.03%
PRA	C	0.03%	0.01%	0.01%
PRG	C	0.3%	0.03%	0.03%
PRK	B	0.21%	0.04%	0.04%
PX	A	0.12%	0.01%	0.01%
QCRH	B	0.18%	0.02%	0.02%
RBCAA	B	0.13%	0.01%	0.01%
RNST	B	0.2%	0.03%	0.03%
RPAY	D	0.07%	0.01%	0.01%
SAFT	B	0.04%	0.01%	0.01%
SASR	B	0.21%	0.02%	0.02%
SBCF	B	0.18%	0.03%	0.03%
SBSI	C	0.11%	0.01%	0.01%
SFNC	C	0.36%	0.04%	0.04%
SKWD	A	0.09%	0.02%	0.02%
SMBC	B	0.04%	0.01%	0.01%
SNEX	B	0.34%	0.03%	0.03%
SPFI	C	0.08%	0.01%	0.01%
SRCE	B	0.16%	0.02%	0.02%
STBA	B	0.21%	0.02%	0.02%
STC	B	0.06%	0.02%	0.02%
STEP	C	0.15%	0.05%	0.05%
SYBT	B	0.17%	0.03%	0.03%
TBBK	B	0.27%	0.03%	0.03%
TCBK	C	0.16%	0.02%	0.02%
TFIN	B	0.07%	0.03%	0.03%
THFF	B	0.06%	0.01%	0.01%
TMP	B	0.04%	0.01%	0.01%
TOWN	B	0.22%	0.03%	0.03%
TPG	A	0.98%	0.06%	0.06%
TRMK	C	0.26%	0.03%	0.03%
TRST	B	0.08%	0.01%	0.01%
UVE	B	0.07%	0.01%	0.01%
UVSP	B	0.11%	0.01%	0.01%
UWMC	D	0.05%	0.01%	0.01%
VBTX	B	0.2%	0.02%	0.02%
VCTR	B	0.61%	0.04%	0.04%
VIRT	A	0.36%	0.04%	0.04%
VRTS	B	0.18%	0.02%	0.02%
WABC	B	0.17%	0.02%	0.02%
WAFD	B	0.32%	0.04%	0.04%
WASH	C	0.05%	0.01%	0.01%
WRLD	C	0.03%	0.0%	0.0%
WSBC	B	0.21%	0.03%	0.03%
WSFS	B	0.44%	0.04%	0.04%

EES Overweight 679 Positions Relative to FNCL

Symbol	Grade	Weight
LUMN	C	2.09%
CALM	A	1.06%
SLVM	B	0.59%
EAT	A	0.59%
JWN	D	0.51%
OI	C	0.5%
VSTO	A	0.47%
LEVI	F	0.47%
SNDR	B	0.47%
PRIM	A	0.46%
GFF	A	0.42%
GRBK	D	0.42%
NMRK	C	0.4%
SAH	C	0.4%
GPOR	B	0.4%
STRL	A	0.39%
CRGY	B	0.38%
GEO	B	0.38%
PINC	B	0.37%
RNG	C	0.37%
MSGE	F	0.37%
ICUI	D	0.36%
CVCO	A	0.35%
VYX	B	0.34%
FA	C	0.34%
BOOT	C	0.33%
CCS	D	0.33%
ATGE	B	0.32%
IESC	C	0.32%
BKE	B	0.31%
SBH	C	0.31%
HUBG	A	0.31%
REZI	A	0.3%
CNK	C	0.3%
PARR	F	0.3%
WGO	C	0.28%
PRGS	A	0.28%
BRC	D	0.28%
ENR	B	0.28%
VSCO	C	0.28%
SABR	C	0.27%
PATK	C	0.27%
USLM	A	0.27%
DK	C	0.27%
TTMI	C	0.26%
DORM	B	0.26%
GHC	B	0.26%
DFH	D	0.25%
AMRX	C	0.25%
HEES	C	0.25%
COLL	F	0.25%
WLFC	B	0.25%
PRDO	B	0.25%
CARG	B	0.25%
CARS	C	0.25%
MGRC	B	0.24%
VTLE	C	0.24%
BDN	C	0.24%
ALGT	B	0.24%
XRX	F	0.24%
ULH	C	0.24%
COMM	D	0.24%
UPBD	B	0.24%
HIW	C	0.24%
IIPR	D	0.23%
RES	D	0.23%
ATSG	B	0.23%
DLX	B	0.22%
MTX	B	0.22%
SATS	D	0.22%
BZH	C	0.22%
HOV	D	0.21%
CAKE	C	0.21%
DXPE	C	0.21%
GDEN	B	0.21%
MD	C	0.21%
LGND	C	0.21%
NGVT	B	0.21%
GBX	A	0.2%
LZB	B	0.2%
AMWD	C	0.2%
APOG	C	0.2%
ENV	B	0.2%
NTCT	C	0.2%
HE	C	0.2%
IMKTA	C	0.2%
PLUS	F	0.2%
WNC	C	0.2%
WKC	C	0.19%
HPK	B	0.19%
AZZ	A	0.19%
SXT	C	0.19%
PDCO	F	0.19%
SWI	C	0.18%
KMT	B	0.18%
AMRK	F	0.18%
HRMY	D	0.18%
VRNT	C	0.18%
GES	F	0.18%
MBUU	B	0.18%
WERN	C	0.18%
SONO	C	0.18%
CRI	F	0.18%
FOR	F	0.18%
EXTR	C	0.18%
MWA	B	0.18%
EPAC	C	0.17%
MRC	B	0.17%
EVRI	A	0.17%
PLAB	C	0.17%
KAR	B	0.17%
BXC	B	0.17%
PTVE	B	0.17%
QTWO	A	0.17%
NHI	D	0.17%
STGW	A	0.17%
LAUR	A	0.17%
REPX	A	0.17%
BLMN	F	0.17%
GRNT	B	0.17%
OXM	F	0.17%
DNOW	B	0.17%
MGNI	B	0.16%
PSMT	D	0.16%
EMBC	C	0.16%
RDNT	B	0.16%
EPC	F	0.16%
AROC	A	0.16%
CENTA	C	0.16%
HWKN	B	0.16%
ALG	B	0.16%
HNI	B	0.16%
CAL	F	0.16%
TH	C	0.16%
BHE	C	0.16%
REVG	C	0.15%
TRN	B	0.15%
SCSC	C	0.15%
ROCK	C	0.15%
EVCM	B	0.15%
PLAY	D	0.15%
PI	D	0.15%
WTTR	A	0.15%
SITM	B	0.15%
POWL	C	0.15%
WMK	C	0.15%
HAYW	B	0.15%
MXL	C	0.15%
OSIS	A	0.15%
TILE	B	0.15%
NXRT	B	0.15%
GCI	D	0.14%
ARHS	F	0.14%
CSGS	B	0.14%
SCVL	F	0.14%
HY	D	0.14%
THS	D	0.14%
CPK	A	0.14%
ODP	F	0.14%
MLKN	F	0.14%
AGX	B	0.14%
TRIP	F	0.14%
MCRI	A	0.14%
OMCL	C	0.14%
UIS	B	0.14%
SHAK	C	0.14%
MTRN	C	0.14%
SXI	B	0.14%
BOWL	C	0.13%
CYH	F	0.13%
NWN	A	0.13%
MIR	A	0.13%
GIII	D	0.13%
GVA	A	0.13%
ACCO	C	0.13%
BV	C	0.13%
VIAV	C	0.13%
FCPT	C	0.13%
AESI	B	0.13%
UVV	B	0.13%
HURN	C	0.13%
BELFB	C	0.13%
MCW	C	0.13%
SSTK	F	0.13%
AKR	B	0.13%
ASIX	B	0.13%
ROAD	B	0.13%
GOGO	C	0.13%
TNC	D	0.13%
HLIO	B	0.13%
AHCO	F	0.13%
CCSI	C	0.12%
ESRT	C	0.12%
SCS	C	0.12%
AIR	B	0.12%
PUMP	C	0.12%
HSII	B	0.12%
CXW	C	0.12%
SD	D	0.12%
CTS	C	0.12%
HZO	F	0.12%
MYRG	B	0.12%
ACMR	D	0.12%
DGII	C	0.12%
VECO	F	0.11%
CPRX	C	0.11%
ATLC	A	0.11%
JELD	F	0.11%
MLR	C	0.11%
ALX	D	0.11%
CNXN	C	0.11%
VSEC	C	0.11%
VERX	A	0.11%
OII	B	0.11%
ANIP	F	0.11%
INFN	D	0.11%
LTC	B	0.11%
ADUS	D	0.11%
HNRG	B	0.11%
OLPX	D	0.11%
ACEL	C	0.11%
ETD	C	0.11%
CHWY	B	0.11%
PAHC	C	0.11%
LXU	B	0.11%
KN	B	0.11%
GCMG	B	0.11%
CWAN	B	0.11%
JACK	C	0.1%
ECVT	C	0.1%
SPB	C	0.1%
EQC	B	0.1%
PDM	D	0.1%
KNTK	A	0.1%
TR	B	0.1%
KOP	C	0.1%
BBW	C	0.1%
TRS	B	0.1%
AAT	B	0.1%
ANET	C	0.1%
NAPA	A	0.1%
JBI	F	0.1%
CHEF	A	0.1%
DRH	B	0.1%
RXO	D	0.1%
SHO	D	0.1%
KODK	B	0.1%
CMCO	C	0.1%
RVLV	A	0.1%
IDT	B	0.1%
USM	B	0.1%
STRA	C	0.09%
GTY	A	0.09%
MRTN	D	0.09%
ATEN	A	0.09%
DEI	B	0.09%
SNCY	C	0.09%
RAMP	B	0.09%
INVA	D	0.09%
GDRX	F	0.09%
ADV	D	0.09%
BBSI	B	0.09%
LNN	B	0.09%
UCTT	D	0.09%
CBRL	C	0.09%
REI	D	0.09%
KTOS	B	0.09%
MATV	D	0.09%
DIN	C	0.09%
VICR	C	0.09%
TRDA	C	0.09%
RYI	C	0.09%
COHU	C	0.09%
CRAI	C	0.09%
PCRX	C	0.09%
MCFT	C	0.09%
NX	C	0.09%
SXC	A	0.09%
PLPC	B	0.09%
LEGH	D	0.09%
SJW	F	0.09%
UFPT	C	0.09%
CWH	B	0.09%
AGYS	A	0.09%
NBN	C	0.08%
HCKT	B	0.08%
ROG	D	0.08%
BRY	F	0.08%
EE	A	0.08%
NVEE	F	0.08%
SMP	C	0.08%
PRVA	C	0.08%
LMAT	A	0.08%
AMCX	C	0.08%
YOU	D	0.08%
ARRY	F	0.08%
THRM	F	0.08%
ARCT	F	0.08%
FWRD	D	0.08%
DAN	D	0.08%
MODG	F	0.08%
RMR	F	0.08%
UE	B	0.08%
LEU	C	0.08%
SHYF	C	0.07%
USNA	C	0.07%
WWW	A	0.07%
IMMR	C	0.07%
UTL	B	0.07%
REX	D	0.07%
UPWK	B	0.07%
ALEX	B	0.07%
NWPX	A	0.07%
RBBN	C	0.07%
ROIC	A	0.07%
SPTN	D	0.07%
HAYN	A	0.07%
NGVC	A	0.07%
DVAX	C	0.07%
JBSS	F	0.07%
NABL	F	0.07%
ANDE	D	0.07%
PZZA	F	0.07%
SENEA	A	0.07%
CLW	F	0.07%
MRCY	C	0.07%
DAKT	C	0.07%
TTGT	B	0.07%
AVNS	F	0.07%
CTOS	B	0.07%
EGY	D	0.07%
ASTE	C	0.07%
TASK	C	0.07%
TITN	C	0.07%
KFRC	D	0.07%
UTZ	D	0.07%
PNTG	D	0.07%
ASTH	F	0.07%
DBI	F	0.07%
HLIT	D	0.07%
CSV	B	0.07%
VLGEA	C	0.07%
THR	B	0.07%
HCSG	C	0.07%
XHR	B	0.07%
MGPI	F	0.07%
AMPY	C	0.07%
MATW	C	0.07%
HVT	D	0.06%
STAA	F	0.06%
MLAB	F	0.06%
CCNE	C	0.06%
MPX	C	0.06%
EBF	F	0.06%
JAMF	F	0.06%
ZIP	D	0.06%
DNUT	F	0.06%
FISI	B	0.06%
WEYS	C	0.06%
KE	C	0.06%
EGHT	B	0.06%
ONEW	F	0.06%
VITL	D	0.06%
RNGR	A	0.06%
MTUS	C	0.06%
SCL	C	0.06%
PKOH	C	0.06%
PD	C	0.06%
TPB	B	0.06%
CCRN	F	0.06%
SUPN	C	0.06%
TGI	B	0.06%
LMB	B	0.06%
NHC	C	0.06%
RGR	F	0.06%
XPEL	B	0.06%
HTBI	B	0.06%
EXPI	D	0.06%
NSSC	D	0.06%
BGS	F	0.06%
WSR	A	0.06%
LYTS	B	0.06%
KRT	B	0.06%
MTW	C	0.06%
GIC	D	0.06%
ETWO	F	0.06%
TWI	F	0.06%
CERT	F	0.06%
WRBY	A	0.06%
ARKO	C	0.05%
CRCT	F	0.05%
CDRE	F	0.05%
KELYA	F	0.05%
SCHL	F	0.05%
MITK	C	0.05%
CECO	B	0.05%
JAKK	C	0.05%
GTN	F	0.05%
MLNK	C	0.05%
CLFD	F	0.05%
VYGR	F	0.05%
PRLB	B	0.05%
LQDT	B	0.05%
RICK	B	0.05%
HLX	B	0.05%
WINA	C	0.05%
USPH	B	0.05%
ODC	B	0.05%
VZIO	A	0.05%
BH	B	0.05%
GNE	F	0.05%
OMI	F	0.05%
LOCO	D	0.05%
KALU	C	0.05%
MNRO	D	0.05%
NECB	C	0.05%
RBB	B	0.05%
MPB	B	0.05%
JILL	C	0.05%
LSEA	D	0.05%
BFS	C	0.05%
TALO	C	0.05%
MRVI	F	0.05%
GRC	A	0.05%
WLDN	C	0.05%
XNCR	B	0.05%
SWBI	C	0.05%
SPOK	B	0.05%
MOV	D	0.05%
MYPS	C	0.05%
METC	C	0.05%
DSGR	C	0.05%
WTBA	B	0.05%
GDYN	B	0.05%
RLJ	C	0.05%
VREX	B	0.05%
CLB	B	0.05%
BWB	B	0.04%
ERII	D	0.04%
AIRS	C	0.04%
IIIN	C	0.04%
FWRG	C	0.04%
NATH	C	0.04%
VMEO	B	0.04%
LINC	C	0.04%
NPK	B	0.04%
PLOW	D	0.04%
EBTC	C	0.04%
OLO	A	0.04%
TTI	B	0.04%
OABI	F	0.04%
LOVE	A	0.04%
SDGR	C	0.04%
DCO	C	0.04%
SWIM	C	0.04%
CARE	C	0.04%
ZEUS	C	0.04%
HBCP	C	0.04%
NR	B	0.04%
ORRF	B	0.04%
EYE	C	0.04%
SHLS	F	0.04%
DXLG	D	0.04%
ITOS	F	0.04%
ZUO	B	0.04%
RGP	F	0.04%
PBI	B	0.04%
AHH	D	0.04%
YEXT	B	0.04%
DEA	D	0.04%
GCO	C	0.04%
SMBK	B	0.04%
MED	D	0.04%
MYE	F	0.04%
PDFS	C	0.04%
ARVN	F	0.04%
OLP	B	0.04%
BAND	B	0.04%
MSEX	C	0.04%
ORGO	B	0.04%
CIVB	B	0.04%
TCMD	B	0.04%
OPY	B	0.04%
UHT	D	0.03%
PFIS	A	0.03%
OFIX	C	0.03%
UTI	B	0.03%
PCB	B	0.03%
NC	B	0.03%
TCBX	B	0.03%
MGNX	F	0.03%
NGS	B	0.03%
INDI	C	0.03%
MOFG	B	0.03%
HSTM	B	0.03%
ASUR	C	0.03%
NUS	D	0.03%
VNDA	C	0.03%
FFIC	B	0.03%
EWCZ	F	0.03%
FIGS	F	0.03%
LGTY	C	0.03%
BJRI	C	0.03%
DH	F	0.03%
OOMA	B	0.03%
ALRS	D	0.03%
BBCP	D	0.03%
QNST	B	0.03%
RLGT	B	0.03%
FPI	B	0.03%
HAIN	D	0.03%
CURV	D	0.03%
CMT	C	0.03%
MEC	F	0.03%
VPG	F	0.03%
NTST	C	0.03%
PRO	C	0.03%
ENFN	B	0.03%
CDMO	A	0.03%
ACNB	B	0.03%
RMNI	C	0.03%
HDSN	F	0.03%
FBIZ	B	0.03%
DENN	D	0.03%
FSBW	C	0.03%
KRUS	B	0.03%
ACDC	B	0.03%
MCS	B	0.03%
YORW	F	0.03%
FORR	C	0.03%
NVEC	B	0.03%
AXGN	C	0.03%
DJCO	B	0.03%
TRNS	D	0.03%
OSUR	F	0.03%
TZOO	A	0.03%
FF	F	0.03%
BSRR	B	0.03%
ARLO	C	0.03%
HTLD	C	0.03%
QUAD	C	0.03%
EPM	A	0.03%
CRSR	C	0.03%
JOUT	F	0.03%
IRMD	C	0.03%
IPI	C	0.03%
ESQ	B	0.03%
SMLR	B	0.03%
ZIMV	D	0.03%
CXM	C	0.03%
SHBI	B	0.02%
OIS	B	0.02%
DCGO	B	0.02%
CMP	C	0.02%
CZFS	B	0.02%
III	C	0.02%
PCYO	A	0.02%
CFFI	A	0.02%
SIGA	F	0.02%
RM	C	0.02%
MPAA	B	0.02%
SRDX	B	0.02%
TRC	F	0.02%
PINE	C	0.02%
SMTI	B	0.02%
NRC	F	0.02%
PBPB	C	0.02%
HCAT	D	0.02%
AGS	A	0.02%
KIDS	D	0.02%
RCKY	F	0.02%
SLP	D	0.02%
CCRD	B	0.02%
ARTNA	F	0.02%
HRTG	C	0.02%
FMAO	B	0.02%
EEX	C	0.02%
AOUT	B	0.02%
ALTG	C	0.02%
XPOF	C	0.02%
PUBM	C	0.02%
BCML	B	0.02%
PKBK	A	0.02%
FRPH	B	0.02%
MNTK	F	0.02%
PTLO	F	0.02%
ITIC	A	0.02%
ATEX	F	0.02%
MG	D	0.02%
FNLC	C	0.02%
GNTY	A	0.02%
NATR	C	0.02%
PKE	B	0.02%
OFLX	D	0.02%
ASRT	D	0.02%
UTMD	F	0.02%
FLWS	D	0.02%
VRA	C	0.02%
RGCO	B	0.02%
FLIC	B	0.02%
SHEN	F	0.02%
MEI	F	0.02%
UPLD	B	0.02%
BMRC	B	0.02%
IBUY	B	0.02%
CHGG	C	0.02%
NRIM	A	0.02%
RCMT	C	0.02%
CEVA	B	0.02%
OVLY	B	0.02%
KLXE	C	0.02%
ZYXI	D	0.02%
BCBP	B	0.02%
ARC	A	0.02%
BOOM	F	0.02%
RDUS	B	0.02%
AVNW	F	0.02%
CTKB	C	0.02%
RELL	B	0.02%
RRBI	A	0.02%
CBNK	B	0.02%
OBT	C	0.02%
FC	F	0.02%
SAMG	B	0.01%
CRNC	C	0.01%
PVBC	B	0.01%
HBIO	F	0.01%
MBCN	C	0.01%
EVC	C	0.01%
PBYI	C	0.01%
DHX	D	0.01%
EGAN	C	0.01%
INFU	B	0.01%
LTRX	F	0.01%
SSTI	C	0.01%
NKSH	C	0.01%
MVBF	C	0.01%
WSBF	C	0.01%
FRBA	D	0.01%
SFST	B	0.01%
LCNB	B	0.01%
NWFL	C	0.01%
STKS	F	0.01%
POWW	F	0.01%
FDBC	C	0.01%
ASLE	C	0.01%
EVI	F	0.01%
MRAM	D	0.01%
INTT	C	0.01%
WTI	F	0.01%
PSTL	D	0.01%
INBK	B	0.01%
CZNC	C	0.01%
TUSK	F	0.01%
AEHR	F	0.01%
BWMN	C	0.01%
JYNT	C	0.01%
CRMT	D	0.01%
CVGW	D	0.01%
BTMD	B	0.01%
CLDT	B	0.01%
TSBK	A	0.01%
CVGI	F	0.01%
UEIC	B	0.01%
NEWT	C	0.01%
FRST	B	0.01%
CBAN	B	0.01%
TBI	F	0.01%
CHCT	C	0.01%
ESCA	B	0.01%
LPSN	F	0.0%
HGBL	F	0.0%
BGFV	F	0.0%
EZM	A	0.0%
SPWH	F	0.0%
LUNA	F	0.0%
KFS	B	0.0%
ATLO	C	0.0%
OPRX	F	0.0%

EES Underweight 221 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.6%
BRK.A	B	-7.67%
V	A	-6.01%
MA	B	-5.35%
BAC	A	-4.0%
WFC	A	-3.14%
GS	A	-2.35%
AXP	A	-2.05%
SPGI	C	-2.02%
MS	A	-2.0%
BLK	B	-1.93%
PGR	A	-1.87%
C	A	-1.61%
BX	A	-1.6%
FI	A	-1.53%
SCHW	B	-1.5%
CB	C	-1.37%
MMC	B	-1.35%
KKR	A	-1.16%
ICE	C	-1.11%
PYPL	B	-1.05%
PNC	B	-1.03%
CME	B	-0.99%
USB	A	-0.98%
MCO	B	-0.98%
AON	A	-0.91%
COF	C	-0.87%
APO	B	-0.81%
AJG	A	-0.8%
TFC	A	-0.77%
AFL	B	-0.74%
TRV	B	-0.73%
BK	A	-0.71%
AMP	A	-0.69%
COIN	C	-0.66%
ALL	A	-0.64%
MET	A	-0.63%
AIG	B	-0.63%
FIS	C	-0.61%
MSCI	C	-0.59%
SQ	A	-0.58%
PRU	A	-0.56%
DFS	B	-0.54%
ACGL	C	-0.46%
MTB	A	-0.44%
HIG	B	-0.43%
NDAQ	A	-0.42%
WTW	B	-0.4%
FITB	B	-0.4%
ARES	A	-0.39%
RJF	A	-0.39%
GPN	B	-0.37%
STT	B	-0.35%
BRO	B	-0.33%
TROW	B	-0.33%
HBAN	A	-0.32%
SYF	B	-0.32%
CPAY	A	-0.31%
RF	A	-0.3%
LPLA	A	-0.29%
CINF	A	-0.29%
MKL	A	-0.28%
CFG	B	-0.27%
NTRS	A	-0.27%
FCNCA	A	-0.27%
CBOE	C	-0.26%
PFG	D	-0.25%
KEY	B	-0.23%
WRB	A	-0.23%
FDS	B	-0.23%
IBKR	A	-0.22%
HOOD	B	-0.21%
L	A	-0.2%
EG	C	-0.2%
RGA	A	-0.19%
EQH	C	-0.19%
FNF	B	-0.19%
EWBC	A	-0.18%
TOST	B	-0.18%
TW	A	-0.18%
SOFI	B	-0.17%
RNR	C	-0.17%
UNM	A	-0.16%
AFRM	A	-0.16%
JKHY	D	-0.16%
AIZ	A	-0.15%
CG	B	-0.15%
SF	B	-0.15%
JEF	A	-0.15%
EVR	B	-0.14%
FHN	A	-0.14%
ERIE	D	-0.13%
GL	C	-0.13%
WBS	A	-0.13%
AFG	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PRI	B	-0.13%
MORN	B	-0.12%
PNFP	B	-0.12%
HLI	A	-0.12%
WAL	B	-0.12%
ALLY	C	-0.12%
ORI	A	-0.12%
MKTX	D	-0.12%
SNV	C	-0.11%
CBSH	B	-0.11%
WTFC	A	-0.11%
ZION	B	-0.11%
SEIC	B	-0.11%
CMA	B	-0.11%
PB	B	-0.1%
SSB	B	-0.1%
VOYA	B	-0.1%
CFR	B	-0.1%
JXN	C	-0.09%
OMF	A	-0.09%
ONB	C	-0.09%
RLI	A	-0.09%
RYAN	A	-0.09%
BPOP	C	-0.09%
HLNE	B	-0.09%
AXS	A	-0.09%
WEX	D	-0.09%
JHG	B	-0.08%
FNB	A	-0.08%
BEN	C	-0.08%
GBCI	B	-0.08%
COOP	B	-0.08%
COLB	B	-0.08%
CADE	B	-0.08%
MTG	C	-0.08%
FAF	A	-0.08%
AGNC	C	-0.08%
RDN	D	-0.07%
FOUR	A	-0.07%
UBSI	B	-0.07%
UMBF	B	-0.07%
HOMB	A	-0.07%
LNC	C	-0.07%
THG	A	-0.07%
STWD	C	-0.07%
IVZ	B	-0.07%
SIGI	C	-0.07%
ESNT	F	-0.07%
AMG	B	-0.07%
PIPR	A	-0.07%
VLY	B	-0.06%
ABCB	B	-0.06%
KMPR	A	-0.06%
EEFT	B	-0.06%
CNO	B	-0.06%
MC	C	-0.06%
SFBS	C	-0.06%
SLM	A	-0.06%
WTM	A	-0.06%
FFIN	B	-0.06%
AGO	B	-0.06%
UPST	B	-0.06%
OZK	B	-0.06%
HWC	B	-0.06%
WD	D	-0.05%
TCBI	C	-0.05%
ESGR	B	-0.05%
IBOC	B	-0.05%
ASB	B	-0.05%
PFSI	C	-0.05%
CACC	D	-0.04%
BXMT	C	-0.04%
HASI	D	-0.04%
GNW	A	-0.04%
APAM	B	-0.04%
FIBK	B	-0.04%
FHI	B	-0.04%
BOKF	B	-0.04%
FBP	C	-0.04%
CATY	B	-0.04%
UCB	A	-0.04%
BHF	C	-0.04%
NATL	B	-0.03%
FRHC	B	-0.03%
DBRG	F	-0.03%
MCY	A	-0.03%
FLYW	B	-0.03%
BANF	B	-0.03%
OSCR	D	-0.03%
WU	F	-0.03%
ABR	C	-0.03%
CNS	B	-0.03%
PMT	C	-0.02%
ARI	C	-0.02%
RC	D	-0.02%
ACT	C	-0.02%
WT	A	-0.02%
CODI	B	-0.02%
LADR	B	-0.02%
SPNT	B	-0.02%
MQ	D	-0.02%
LMND	B	-0.02%
RKT	F	-0.02%
TRUP	B	-0.02%
TRTX	C	-0.01%
UFCS	A	-0.01%
TREE	F	-0.01%
NRDS	C	-0.01%
TIPT	C	-0.01%
KREF	C	-0.01%
TFSL	A	-0.01%
FG	A	-0.01%
CMTG	F	-0.01%
PRAA	D	-0.01%
BRSP	C	-0.01%
DX	B	-0.01%
RWT	D	-0.01%
ECPG	C	-0.01%
EFC	C	-0.01%
CNNE	B	-0.01%
FBRT	D	-0.01%
RILY	F	-0.0%
GCBC	C	-0.0%
HGTY	B	-0.0%