ESML vs. AVUV ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Avantis U.S. Small Cap Value ETF (AVUV)

ESML

iShares MSCI USA Small-Cap ESG Optimized ETF

ESML Description

The investment seeks to track the investment results of the MSCI USA Small Cap Extended ESG Focus Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index is an optimized equity index designed to produce investment results comparable to the MSCI USA Small Cap Index (the "parent index"), while reflecting a higher allocation than that of the parent index to U.S. small-capitalization companies with favorable ESG profiles. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.22

Average Daily Volume

89,295

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

AVUV

Avantis U.S. Small Cap Value ETF

AVUV Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups. Under normal market conditions, it will invest at least 80% of its assets in securities of small capitalization companies located in the United States. The fund also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$104.78

Average Daily Volume

748,124

Number of Holdings ^*

720

* may have additional holdings in another (foreign) market

Performance

Period	ESML	AVUV
30 Days	8.75%	10.21%
60 Days	8.59%	9.79%
90 Days	9.69%	9.75%
12 Months	34.45%	33.07%

203 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in AVUV	Overlap
AAP	C	0.06%	0.2%	0.06%
ABCB	B	0.11%	0.23%	0.11%
AEO	F	0.08%	0.53%	0.08%
AGO	B	0.06%	0.46%	0.06%
AL	B	0.1%	0.82%	0.1%
ALK	C	0.23%	0.93%	0.23%
ALKS	B	0.1%	0.37%	0.1%
AM	A	0.15%	0.14%	0.14%
AMAL	B	0.1%	0.1%	0.1%
AMBC	C	0.05%	0.06%	0.05%
ANDE	D	0.06%	0.3%	0.06%
ANF	C	0.15%	0.41%	0.15%
ARCB	C	0.05%	0.34%	0.05%
AROC	B	0.1%	0.67%	0.1%
ASB	B	0.17%	0.26%	0.17%
ASH	D	0.04%	0.07%	0.04%
ASTE	B	0.05%	0.01%	0.01%
ATKR	C	0.09%	0.34%	0.09%
AVT	C	0.27%	0.54%	0.27%
AXL	C	0.05%	0.13%	0.05%
AXS	A	0.19%	0.4%	0.19%
BANC	A	0.06%	0.03%	0.03%
BANR	B	0.18%	0.28%	0.18%
BCC	B	0.16%	0.83%	0.16%
BHE	B	0.16%	0.27%	0.16%
BHLB	B	0.2%	0.1%	0.1%
BKD	D	0.04%	0.05%	0.04%
BKU	A	0.06%	0.37%	0.06%
BOH	B	0.08%	0.29%	0.08%
BPOP	B	0.08%	0.21%	0.08%
BRY	F	0.03%	0.05%	0.03%
CABO	C	0.13%	0.13%	0.13%
CAC	B	0.1%	0.05%	0.05%
CAKE	C	0.06%	0.32%	0.06%
CAL	D	0.04%	0.18%	0.04%
CALM	A	0.06%	0.66%	0.06%
CBT	C	0.13%	0.71%	0.13%
CC	C	0.05%	0.18%	0.05%
CCRN	F	0.03%	0.06%	0.03%
CHX	C	0.17%	0.08%	0.08%
CIVI	D	0.05%	0.23%	0.05%
CLF	F	0.06%	0.08%	0.06%
CLVT	F	0.05%	0.1%	0.05%
CLW	F	0.04%	0.09%	0.04%
CMA	A	0.21%	0.02%	0.02%
CMC	B	0.22%	0.21%	0.21%
CNO	A	0.2%	0.58%	0.2%
CNX	A	0.28%	0.81%	0.28%
COLB	A	0.13%	0.48%	0.13%
COLM	B	0.07%	0.37%	0.07%
CPF	A	0.15%	0.1%	0.1%
CRC	B	0.1%	0.74%	0.1%
CRI	D	0.04%	0.28%	0.04%
CUBI	C	0.05%	0.22%	0.05%
CVBF	A	0.12%	0.04%	0.04%
DNOW	B	0.05%	0.11%	0.05%
DXC	B	0.11%	0.67%	0.11%
ECPG	B	0.11%	0.0%	0.0%
EFSC	B	0.11%	0.25%	0.11%
EGY	D	0.04%	0.11%	0.04%
ENLC	A	0.18%	0.08%	0.08%
ESNT	D	0.07%	0.24%	0.07%
FBP	B	0.2%	0.42%	0.2%
FFBC	A	0.05%	0.02%	0.02%
FIBK	A	0.15%	0.02%	0.02%
FIVE	F	0.1%	0.04%	0.04%
FL	F	0.06%	0.16%	0.06%
FULT	A	0.12%	0.33%	0.12%
FYBR	D	0.13%	0.26%	0.13%
GAP	C	0.12%	0.11%	0.11%
GATX	A	0.17%	0.94%	0.17%
GBX	A	0.07%	0.33%	0.07%
GDOT	D	0.01%	0.05%	0.01%
GPRE	F	0.04%	0.03%	0.03%
GRBK	D	0.04%	0.01%	0.01%
GT	C	0.07%	0.5%	0.07%
GVA	A	0.08%	0.32%	0.08%
HAFC	A	0.07%	0.1%	0.07%
HCC	B	0.05%	0.68%	0.05%
HHH	B	0.2%	0.24%	0.2%
HLX	B	0.05%	0.27%	0.05%
HOG	D	0.2%	0.61%	0.2%
HRI	B	0.24%	0.84%	0.24%
HWC	B	0.09%	0.5%	0.09%
HWKN	B	0.07%	0.21%	0.07%
IART	C	0.05%	0.0%	0.0%
IBCP	B	0.14%	0.1%	0.1%
IBOC	A	0.06%	0.48%	0.06%
IDCC	A	0.14%	0.68%	0.14%
IESC	B	0.08%	0.06%	0.06%
INDB	B	0.08%	0.16%	0.08%
IRDM	D	0.12%	0.21%	0.12%
JELD	F	0.03%	0.14%	0.03%
JWN	C	0.06%	0.35%	0.06%
JXN	C	0.14%	0.81%	0.14%
KBH	D	0.2%	0.56%	0.2%
KE	C	0.06%	0.05%	0.05%
KELYA	F	0.03%	0.07%	0.03%
KLG	C	0.05%	0.12%	0.05%
KLIC	B	0.13%	0.08%	0.08%
KNF	A	0.13%	0.07%	0.07%
KOP	C	0.08%	0.0%	0.0%
KOS	F	0.12%	0.3%	0.12%
KSS	F	0.05%	0.36%	0.05%
LCII	C	0.1%	0.39%	0.1%
LEA	D	0.1%	0.06%	0.06%
LNN	B	0.08%	0.01%	0.01%
LNTH	D	0.1%	0.01%	0.01%
LPX	B	0.17%	0.27%	0.17%
LRN	A	0.13%	0.09%	0.09%
M	D	0.13%	0.54%	0.13%
MARA	C	0.09%	0.5%	0.09%
MBUU	C	0.06%	0.12%	0.06%
MDU	D	0.18%	0.5%	0.18%
MEI	D	0.04%	0.02%	0.02%
MHO	D	0.05%	0.68%	0.05%
MOV	C	0.06%	0.04%	0.04%
MRC	B	0.05%	0.15%	0.05%
MTG	C	0.23%	0.37%	0.23%
MTH	D	0.17%	0.09%	0.09%
MTUS	C	0.04%	0.1%	0.04%
MUR	D	0.13%	0.25%	0.13%
MWA	B	0.25%	0.01%	0.01%
MYRG	B	0.16%	0.01%	0.01%
NBHC	B	0.05%	0.11%	0.05%
NBTB	B	0.06%	0.09%	0.06%
NMIH	D	0.09%	0.39%	0.09%
NTGR	B	0.08%	0.09%	0.08%
OII	B	0.06%	0.4%	0.06%
OMF	A	0.2%	0.21%	0.2%
ONB	B	0.19%	0.39%	0.19%
OSCR	D	0.04%	0.09%	0.04%
OZK	B	0.14%	0.54%	0.14%
PAHC	C	0.06%	0.08%	0.06%
PAYO	A	0.06%	0.23%	0.06%
PBF	D	0.06%	0.31%	0.06%
PDCO	D	0.13%	0.15%	0.13%
PFS	B	0.05%	0.14%	0.05%
PFSI	D	0.1%	0.22%	0.1%
PINC	B	0.14%	0.32%	0.14%
PLMR	B	0.08%	0.14%	0.08%
PLUS	F	0.06%	0.32%	0.06%
PLXS	B	0.17%	0.35%	0.17%
PLYA	B	0.08%	0.15%	0.08%
POWL	C	0.09%	0.46%	0.09%
PPBI	B	0.06%	0.11%	0.06%
PRG	C	0.05%	0.14%	0.05%
PSMT	C	0.05%	0.36%	0.05%
PTEN	C	0.04%	0.43%	0.04%
PTGX	C	0.05%	0.15%	0.05%
PVH	C	0.16%	0.15%	0.15%
R	B	0.29%	0.72%	0.29%
RDN	C	0.09%	0.63%	0.09%
RDUS	C	0.1%	0.07%	0.07%
RNST	B	0.08%	0.01%	0.01%
SASR	B	0.08%	0.18%	0.08%
SATS	D	0.06%	0.39%	0.06%
SCL	C	0.1%	0.17%	0.1%
SFBS	B	0.06%	0.08%	0.06%
SFM	A	0.43%	0.69%	0.43%
SIG	B	0.1%	0.6%	0.1%
SLM	A	0.16%	0.7%	0.16%
SLVM	B	0.05%	0.47%	0.05%
SM	B	0.06%	0.88%	0.06%
SMP	B	0.05%	0.08%	0.05%
SNDR	B	0.19%	0.18%	0.18%
SNV	B	0.3%	0.27%	0.27%
SONO	C	0.07%	0.01%	0.01%
STRL	B	0.13%	0.3%	0.13%
TALO	C	0.06%	0.26%	0.06%
TBBK	B	0.08%	0.34%	0.08%
TDS	B	0.08%	0.56%	0.08%
TEX	D	0.08%	0.52%	0.08%
THG	A	0.18%	0.11%	0.11%
THO	B	0.12%	0.54%	0.12%
THRM	D	0.05%	0.05%	0.05%
TILE	B	0.08%	0.26%	0.08%
TMHC	B	0.17%	0.06%	0.06%
TNC	D	0.05%	0.05%	0.05%
TPH	D	0.14%	0.4%	0.14%
TRN	C	0.1%	0.39%	0.1%
TROX	D	0.04%	0.1%	0.04%
UAA	C	0.05%	0.17%	0.05%
UCB	A	0.04%	0.03%	0.03%
UMBF	B	0.27%	0.58%	0.27%
UNFI	A	0.07%	0.22%	0.07%
VBTX	B	0.06%	0.11%	0.06%
VC	D	0.1%	0.21%	0.1%
VLY	B	0.15%	0.4%	0.15%
VREX	C	0.06%	0.0%	0.0%
VRTS	B	0.06%	0.07%	0.06%
VSAT	F	0.02%	0.04%	0.02%
WAL	B	0.22%	0.11%	0.11%
WD	D	0.06%	0.32%	0.06%
WERN	C	0.12%	0.41%	0.12%
WGO	C	0.12%	0.18%	0.12%
WKC	D	0.05%	0.16%	0.05%
WNC	C	0.05%	0.13%	0.05%
WTFC	A	0.07%	0.27%	0.07%
WTM	A	0.13%	0.05%	0.05%
XPRO	F	0.05%	0.02%	0.02%
ZEUS	C	0.05%	0.07%	0.05%
ZION	B	0.2%	0.09%	0.09%

ESML Overweight 701 Positions Relative to AVUV

Symbol	Grade	Weight
CASY	A	0.52%
JHG	A	0.51%
USFD	A	0.49%
CVNA	B	0.48%
GWRE	A	0.43%
INGR	B	0.42%
EWBC	A	0.4%
FIX	A	0.38%
NTNX	A	0.36%
KBR	F	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	D	0.34%
MUSA	A	0.34%
FLEX	A	0.33%
XPO	B	0.33%
IBKR	A	0.32%
FRT	B	0.31%
REXR	F	0.31%
NTRA	B	0.31%
OGS	A	0.31%
OSK	B	0.3%
GBCI	B	0.3%
BWXT	B	0.3%
BMI	B	0.3%
RGA	A	0.3%
PNFP	B	0.3%
SIGI	C	0.29%
TPR	B	0.29%
EHC	B	0.29%
RGLD	C	0.29%
SUM	B	0.28%
DTM	B	0.28%
COHR	B	0.28%
SAIA	B	0.28%
ITT	A	0.28%
SCI	B	0.27%
TOL	B	0.27%
WBS	A	0.27%
SSB	B	0.27%
AXTA	A	0.27%
BLD	D	0.26%
GPK	C	0.26%
ALSN	B	0.26%
WEX	D	0.25%
UNM	A	0.25%
DCI	B	0.25%
AAON	B	0.25%
RRC	B	0.25%
BJ	A	0.25%
PRGS	A	0.24%
WCC	B	0.24%
FTAI	B	0.24%
UGI	A	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	B	0.23%
CBSH	A	0.23%
ARMK	B	0.23%
PRI	A	0.23%
AWI	A	0.23%
EXLS	B	0.23%
CW	B	0.23%
FHN	A	0.23%
THC	D	0.23%
SOFI	A	0.22%
FTDR	A	0.22%
CNM	D	0.22%
LAD	A	0.22%
GNRC	B	0.22%
FELE	B	0.22%
CVLT	B	0.22%
AR	B	0.22%
EGP	F	0.21%
CDP	C	0.21%
CACI	D	0.21%
WMS	D	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	D	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
RHI	B	0.21%
GME	C	0.21%
NJR	A	0.21%
ITRI	B	0.2%
FND	C	0.2%
LECO	B	0.2%
BDC	B	0.2%
KNSL	B	0.2%
WHR	B	0.2%
PLNT	A	0.2%
TGNA	B	0.2%
MTN	C	0.2%
CUBE	D	0.2%
NFG	A	0.2%
PCTY	B	0.2%
ENSG	D	0.2%
RLI	B	0.2%
WK	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
AMG	B	0.19%
WING	D	0.19%
CIEN	B	0.19%
FCN	D	0.19%
LUMN	C	0.19%
HAS	D	0.19%
HRB	D	0.19%
LNW	D	0.19%
OHI	C	0.19%
DAR	C	0.19%
FRPT	B	0.19%
GPI	A	0.19%
AA	B	0.19%
NOVT	D	0.19%
RHP	B	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	B	0.19%
SF	B	0.18%
SRPT	D	0.18%
NYT	C	0.18%
BWA	D	0.18%
SPXC	A	0.18%
GKOS	B	0.18%
KNTK	B	0.18%
MORN	B	0.18%
DUOL	A	0.18%
EPRT	B	0.18%
VFC	C	0.18%
AEIS	B	0.17%
LAZ	B	0.17%
BERY	B	0.17%
FN	D	0.17%
PCH	D	0.17%
PCOR	B	0.17%
PEN	B	0.17%
ESTC	C	0.17%
VVV	F	0.17%
UBSI	B	0.17%
MSA	D	0.17%
WSC	D	0.17%
MTZ	B	0.17%
KTB	B	0.16%
DLB	B	0.16%
RGEN	D	0.16%
BRX	A	0.16%
DBX	B	0.16%
TTEK	F	0.16%
FAF	A	0.16%
EAT	A	0.16%
HQY	B	0.16%
TNL	A	0.16%
SPSC	C	0.16%
TKO	B	0.16%
ACIW	B	0.16%
JAZZ	B	0.16%
SITE	D	0.16%
FLS	B	0.16%
ELAN	D	0.16%
GXO	B	0.16%
VOYA	B	0.16%
CFLT	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
WH	B	0.15%
MEDP	D	0.15%
CRUS	D	0.15%
CROX	D	0.15%
MMSI	B	0.15%
FSS	B	0.15%
VNT	B	0.15%
CRS	A	0.15%
NOV	C	0.15%
LSCC	D	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
WFRD	D	0.15%
GTLB	B	0.15%
HXL	D	0.14%
BECN	B	0.14%
X	C	0.14%
CHDN	B	0.14%
GTLS	B	0.14%
ESI	A	0.14%
LFUS	F	0.14%
CHE	D	0.14%
SR	A	0.14%
RYAN	B	0.14%
SMAR	A	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
MKSI	C	0.14%
BILL	A	0.14%
ASGN	F	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	D	0.14%
FMC	D	0.14%
NSIT	F	0.13%
AVAV	D	0.13%
HESM	B	0.13%
BRKR	D	0.13%
EPAC	B	0.13%
CAVA	B	0.13%
AIT	A	0.13%
MAT	D	0.13%
ORI	A	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CYTK	F	0.13%
AZEK	A	0.13%
CPK	A	0.13%
BOX	B	0.13%
NPO	A	0.13%
BCPC	B	0.13%
VMI	B	0.13%
ELF	C	0.13%
AGCO	D	0.13%
HIW	D	0.13%
AGNC	D	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	C	0.12%
QTWO	A	0.12%
RKLB	B	0.12%
WHD	B	0.12%
BLKB	B	0.12%
S	B	0.12%
GL	B	0.12%
ABG	B	0.12%
CRDO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
HAE	C	0.12%
CSGS	B	0.11%
PEGA	A	0.11%
PATH	C	0.11%
TXRH	C	0.11%
JEF	A	0.11%
ORA	B	0.11%
KRC	C	0.11%
GMED	A	0.11%
AUB	B	0.11%
VKTX	F	0.11%
LYFT	C	0.11%
XENE	D	0.11%
WDFC	B	0.11%
SHOO	D	0.11%
CRNX	C	0.11%
APPF	B	0.11%
SON	D	0.11%
ADC	B	0.11%
MRCY	B	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	B	0.11%
RXO	C	0.1%
CFR	B	0.1%
NWL	B	0.1%
TDC	D	0.1%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
RVMD	C	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	C	0.1%
FA	C	0.1%
SSD	D	0.1%
DV	C	0.1%
STWD	C	0.1%
FUL	F	0.1%
VECO	F	0.1%
NXT	C	0.1%
SLG	B	0.1%
ETSY	D	0.1%
DY	D	0.1%
BHVN	D	0.1%
DNLI	D	0.1%
DRS	B	0.1%
APAM	B	0.1%
LITE	B	0.1%
FLR	B	0.1%
TRNO	F	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
KD	B	0.1%
CGNX	C	0.1%
ALTM	C	0.1%
PSN	D	0.1%
VNO	B	0.09%
OGN	D	0.09%
AMED	F	0.09%
RNA	D	0.09%
ABM	B	0.09%
UPST	B	0.09%
U	C	0.09%
ARW	D	0.09%
KFY	B	0.09%
CNK	B	0.09%
WEN	D	0.09%
POST	C	0.09%
SHAK	C	0.09%
MGRC	B	0.09%
FR	C	0.09%
CURB	D	0.09%
SLAB	D	0.09%
ZI	D	0.09%
MTSI	B	0.09%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	B	0.09%
SJW	D	0.09%
CRVL	A	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	B	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	0.08%
SBRA	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	D	0.08%
KTOS	B	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
BL	B	0.08%
SPB	C	0.08%
IOSP	B	0.08%
ACLX	C	0.08%
SNX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
INTA	A	0.08%
ST	F	0.08%
ALG	B	0.08%
TNET	D	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
CHWY	B	0.08%
INSP	D	0.08%
ENOV	C	0.08%
VAC	B	0.08%
PIPR	B	0.08%
TARS	B	0.08%
PRKS	C	0.08%
BWIN	D	0.08%
HR	C	0.08%
UNIT	B	0.08%
STC	B	0.08%
MAC	B	0.08%
PRCT	B	0.08%
JBT	B	0.08%
DOCS	C	0.08%
ZD	C	0.08%
MIR	A	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	B	0.07%
EE	A	0.07%
HI	C	0.07%
RARE	D	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
WU	D	0.07%
HGV	B	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
VSCO	B	0.07%
TREX	C	0.07%
CWK	B	0.07%
GTES	A	0.07%
BDN	C	0.07%
VVX	C	0.07%
ENR	B	0.07%
AVNT	B	0.07%
PRGO	B	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	D	0.07%
HIMS	B	0.07%
MHK	D	0.07%
GH	B	0.07%
BROS	B	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	C	0.07%
CTS	C	0.07%
WRBY	B	0.07%
AN	C	0.07%
PI	D	0.07%
SXT	B	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	B	0.07%
OUT	A	0.07%
PAR	B	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	D	0.06%
CAR	C	0.06%
FNA	C	0.06%
WT	B	0.06%
SG	B	0.06%
TMCI	D	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	B	0.06%
PRO	C	0.06%
DCO	C	0.06%
VERA	B	0.06%
RBBN	C	0.06%
W	F	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
AGIO	C	0.06%
NRIX	D	0.06%
LXP	D	0.06%
VRNT	C	0.06%
COKE	C	0.06%
POWI	D	0.06%
CMCO	B	0.06%
CHH	A	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	C	0.06%
EXP	A	0.06%
ATEN	B	0.06%
CLH	B	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
CLNE	D	0.06%
CMP	C	0.06%
MGNI	A	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
FROG	C	0.06%
PYCR	C	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	D	0.06%
SMTC	B	0.06%
OWL	A	0.06%
NVST	B	0.06%
ACVA	B	0.06%
RCM	F	0.06%
ROIV	C	0.06%
FLYW	C	0.06%
APG	B	0.06%
IDYA	F	0.06%
HURN	B	0.06%
EYE	C	0.06%
PK	B	0.06%
ADMA	B	0.06%
CLB	B	0.06%
MNKD	C	0.06%
CCS	D	0.06%
TGI	B	0.06%
BYD	C	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	C	0.06%
ENV	B	0.06%
FUN	C	0.06%
KREF	D	0.06%
VRNS	D	0.06%
MRUS	F	0.06%
FOUR	B	0.06%
MAN	D	0.06%
VRDN	D	0.06%
VERX	B	0.06%
PDM	D	0.06%
MASI	A	0.06%
UPBD	B	0.06%
RH	B	0.06%
VVI	C	0.06%
FFIN	B	0.06%
COMP	B	0.06%
CBU	B	0.06%
NARI	C	0.06%
SWTX	C	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	D	0.05%
HZO	D	0.05%
BNL	D	0.05%
ARVN	D	0.05%
PBI	B	0.05%
NUVB	C	0.05%
ETNB	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
PLOW	D	0.05%
DOCN	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	A	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	C	0.05%
FLG	C	0.05%
CDE	D	0.05%
XRAY	F	0.05%
GOGO	C	0.05%
ACEL	C	0.05%
BASE	C	0.05%
MLTX	B	0.05%
SLNO	B	0.05%
INVX	C	0.05%
PENN	C	0.05%
ASAN	C	0.05%
MLNK	B	0.05%
MODG	F	0.05%
MPW	F	0.05%
AI	B	0.05%
BEAM	D	0.05%
AWR	B	0.05%
XPEL	C	0.05%
PGRE	F	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	C	0.05%
INFN	C	0.05%
SPR	D	0.05%
MNRO	D	0.05%
VITL	D	0.05%
LCID	F	0.05%
ELVN	D	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
KYMR	D	0.05%
HAYW	B	0.05%
EMBC	C	0.05%
NEO	C	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
MMI	B	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
GEF	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
ADUS	D	0.05%
LIVN	F	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	0.05%
KMPR	B	0.05%
EPR	D	0.05%
MDGL	B	0.05%
ARWR	F	0.05%
KVYO	C	0.05%
LOPE	B	0.05%
UFPT	B	0.05%
RNG	B	0.05%
HLIT	D	0.05%
ARQT	C	0.05%
GEF	A	0.05%
NUVL	D	0.05%
LEG	F	0.05%
YELP	C	0.05%
JBGS	D	0.05%
RUSHA	C	0.05%
MXL	C	0.05%
NCNO	B	0.05%
COOP	B	0.05%
COLD	D	0.05%
CALX	D	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CRAI	B	0.05%
RCKT	F	0.04%
OMI	F	0.04%
FOXF	F	0.04%
HPP	F	0.04%
FORM	D	0.04%
HOUS	D	0.04%
FLGT	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
XRX	F	0.04%
QS	F	0.04%
PRTA	F	0.04%
NTLA	F	0.04%
PGNY	F	0.04%
CLDX	F	0.04%
ESTA	D	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CXM	C	0.04%
TNDM	F	0.04%
CGEM	F	0.04%
COUR	F	0.04%
SAVA	D	0.04%
LESL	C	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
MLKN	D	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MMS	F	0.04%
AMN	F	0.04%
AMC	C	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	F	0.04%
HL	D	0.04%
BBIO	F	0.04%
DK	C	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
FLO	D	0.04%
NVCR	C	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
CWT	D	0.04%
THS	D	0.04%
KRYS	B	0.04%
RXRX	F	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	D	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
ANAB	F	0.03%
WOLF	F	0.03%
MEG	F	0.03%
TXG	F	0.03%
SITC	D	0.03%
CNXC	F	0.03%
CDNA	D	0.03%
SVRA	D	0.03%
PHAT	F	0.03%
CRMT	C	0.03%
APLS	D	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
MQ	F	0.03%
STAA	F	0.03%
AGL	F	0.02%
MC	C	0.02%
NOVA	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
MAGN	F	0.01%

ESML Underweight 517 Positions Relative to AVUV

Symbol	Grade	Weight
MATX	C	-0.92%
MLI	C	-0.92%
SKYW	B	-0.83%
MGY	A	-0.77%
NOG	A	-0.69%
AX	A	-0.58%
BTU	B	-0.55%
ARCH	B	-0.54%
CEIX	A	-0.54%
LBRT	D	-0.51%
HP	B	-0.49%
STNG	F	-0.48%
AMR	C	-0.48%
URBN	C	-0.44%
BHF	B	-0.44%
BFH	B	-0.42%
VSTO	A	-0.42%
CATY	B	-0.41%
HUBG	A	-0.4%
SANM	B	-0.39%
PHIN	A	-0.39%
INSW	F	-0.37%
KMT	B	-0.36%
SNEX	B	-0.35%
AGX	B	-0.35%
PII	D	-0.33%
VSH	D	-0.32%
WAFD	B	-0.32%
HEES	B	-0.3%
FNB	A	-0.3%
CRGY	B	-0.3%
ESGR	B	-0.29%
APOG	B	-0.29%
TCBI	B	-0.29%
JBLU	F	-0.28%
ATSG	B	-0.28%
LZB	B	-0.27%
GNW	A	-0.27%
WSFS	A	-0.27%
OFG	B	-0.26%
PLAB	C	-0.26%
ASO	F	-0.25%
CASH	A	-0.25%
ENS	D	-0.24%
CENTA	C	-0.23%
AGM	C	-0.23%
BKE	B	-0.23%
WTTR	B	-0.23%
CRK	B	-0.23%
NTB	B	-0.22%
GIII	D	-0.22%
PRDO	B	-0.22%
DHT	F	-0.22%
TTMI	B	-0.21%
SPNT	A	-0.21%
SUPN	C	-0.21%
ALGT	B	-0.21%
FCF	A	-0.2%
BXC	B	-0.2%
SFL	D	-0.2%
SXC	A	-0.2%
SCS	C	-0.2%
OXM	D	-0.19%
DAN	D	-0.19%
SCSC	B	-0.19%
TPC	C	-0.19%
IMKTA	C	-0.18%
QCRH	A	-0.18%
MCRI	A	-0.18%
KALU	C	-0.18%
OPEN	D	-0.18%
KRP	B	-0.18%
LPG	F	-0.18%
USM	B	-0.17%
HRMY	D	-0.17%
HOPE	B	-0.17%
WMK	C	-0.17%
WABC	B	-0.17%
DOLE	D	-0.16%
MRTN	C	-0.16%
OEC	C	-0.16%
STBA	B	-0.16%
BUSE	B	-0.16%
TRMK	B	-0.16%
GLNG	C	-0.16%
EIG	B	-0.15%
CBRL	C	-0.15%
DIOD	D	-0.15%
FDP	B	-0.15%
WOR	F	-0.14%
BELFB	C	-0.14%
NX	C	-0.14%
LC	A	-0.14%
PARR	D	-0.14%
NAVI	C	-0.14%
ODP	F	-0.14%
DCOM	A	-0.14%
MTDR	B	-0.13%
HTLF	B	-0.13%
SGHC	A	-0.13%
PUMP	B	-0.13%
PEBO	A	-0.13%
TOWN	B	-0.13%
RIG	D	-0.12%
CARS	B	-0.12%
RYI	C	-0.12%
GNK	D	-0.12%
INVA	D	-0.12%
BJRI	B	-0.12%
OCFC	B	-0.12%
NBR	C	-0.11%
VTOL	B	-0.11%
IBTX	B	-0.11%
NWBI	B	-0.11%
FRME	B	-0.11%
ETD	C	-0.11%
CNOB	B	-0.11%
TCBK	B	-0.11%
AMPH	D	-0.11%
CNXN	C	-0.11%
PFC	A	-0.11%
AMRC	F	-0.11%
ACT	D	-0.11%
BRKL	B	-0.11%
ASIX	A	-0.11%
RES	D	-0.1%
FMBH	B	-0.1%
MBWM	B	-0.1%
TGLS	B	-0.1%
OSBC	A	-0.1%
ALIT	C	-0.1%
ASC	F	-0.1%
RYAM	C	-0.1%
SCVL	F	-0.1%
SPTN	D	-0.1%
UVSP	B	-0.1%
NR	B	-0.1%
BY	B	-0.1%
PATK	D	-0.1%
DAKT	B	-0.1%
OBK	B	-0.1%
CTBI	B	-0.1%
HCI	C	-0.09%
GLDD	B	-0.09%
SNCY	C	-0.09%
UTI	A	-0.09%
FOR	F	-0.09%
MATV	D	-0.09%
IIIN	C	-0.09%
GES	F	-0.09%
EGBN	B	-0.09%
MBIN	D	-0.09%
MCY	A	-0.09%
REX	D	-0.09%
EBS	C	-0.09%
FBMS	B	-0.08%
HY	D	-0.08%
LOVE	B	-0.08%
PFBC	B	-0.08%
CMRE	C	-0.08%
TRST	A	-0.08%
UA	C	-0.08%
MCB	B	-0.08%
ANET	C	-0.08%
MCS	B	-0.08%
NGVC	A	-0.08%
BBW	B	-0.08%
SCHL	D	-0.08%
NAT	F	-0.08%
SKWD	A	-0.08%
CFB	B	-0.08%
SYBT	B	-0.08%
NBN	B	-0.08%
CCNE	B	-0.07%
HTBK	A	-0.07%
PGC	C	-0.07%
WASH	C	-0.07%
MSBI	B	-0.07%
HOV	D	-0.07%
CVI	F	-0.07%
SEB	F	-0.07%
HTLD	B	-0.07%
SMBC	B	-0.07%
GSBC	B	-0.07%
UVE	B	-0.07%
UFPI	B	-0.07%
GRNT	B	-0.07%
DDS	B	-0.07%
VTLE	C	-0.07%
RBCAA	B	-0.07%
BGS	F	-0.07%
NNI	D	-0.07%
LXU	B	-0.07%
SWBI	C	-0.07%
BFST	C	-0.07%
FG	B	-0.06%
HPK	B	-0.06%
NWPX	A	-0.06%
METC	C	-0.06%
CVGW	D	-0.06%
OPY	B	-0.06%
HTH	B	-0.06%
ULH	B	-0.06%
SD	D	-0.06%
THFF	B	-0.06%
STNE	F	-0.06%
ESQ	A	-0.06%
EBF	F	-0.06%
CCB	A	-0.06%
PAGS	F	-0.06%
AMKR	D	-0.06%
HTBI	B	-0.06%
LMB	A	-0.06%
REPX	A	-0.06%
SB	F	-0.05%
SBSI	B	-0.05%
LXFR	C	-0.05%
USNA	C	-0.05%
NFBK	B	-0.05%
AMTB	B	-0.05%
ORRF	B	-0.05%
ARHS	F	-0.05%
JBSS	D	-0.05%
BVS	D	-0.05%
OSUR	F	-0.05%
SPFI	B	-0.05%
MCFT	B	-0.05%
FISI	A	-0.05%
MCBS	B	-0.05%
CVEO	F	-0.05%
HVT	D	-0.05%
FFIC	B	-0.05%
SMBK	B	-0.05%
BHB	B	-0.05%
SBLK	F	-0.05%
HBNC	B	-0.05%
NRIM	A	-0.05%
APEI	B	-0.05%
ODC	C	-0.05%
USAP	B	-0.05%
HNRG	B	-0.05%
GPOR	B	-0.05%
AROW	B	-0.05%
ACCO	C	-0.05%
GDEN	B	-0.05%
AMPY	C	-0.04%
DBI	F	-0.04%
GLRE	B	-0.04%
AOSL	C	-0.04%
VIRC	B	-0.04%
HRTG	C	-0.04%
CENT	C	-0.04%
FNKO	D	-0.04%
ATNI	F	-0.04%
USLM	A	-0.04%
CHCO	B	-0.04%
CCBG	B	-0.04%
GCO	B	-0.04%
TWI	F	-0.04%
FSBC	B	-0.04%
SIGA	F	-0.04%
ZIMV	D	-0.04%
MPB	B	-0.04%
VLGEA	B	-0.04%
HSII	B	-0.04%
RBB	B	-0.04%
AMCX	C	-0.04%
HTZ	C	-0.04%
MED	F	-0.03%
ACIC	B	-0.03%
SWIM	C	-0.03%
FBIZ	B	-0.03%
IPI	B	-0.03%
LOB	B	-0.03%
NATR	C	-0.03%
PLPC	B	-0.03%
TTI	C	-0.03%
FBK	B	-0.03%
LYTS	B	-0.03%
CNDT	C	-0.03%
KRT	A	-0.03%
TMP	B	-0.03%
ORN	C	-0.03%
FIGS	F	-0.03%
LE	D	-0.03%
FLXS	B	-0.03%
FLWS	F	-0.03%
TH	C	-0.03%
MYE	F	-0.03%
EBC	B	-0.03%
PANL	F	-0.03%
PKOH	B	-0.03%
HFWA	B	-0.03%
WRLD	C	-0.03%
NUS	D	-0.03%
CRCT	F	-0.03%
MOFG	A	-0.03%
EZPW	A	-0.03%
SRCE	B	-0.03%
SGC	C	-0.03%
FLIC	B	-0.03%
VPG	D	-0.03%
RGR	F	-0.03%
DHIL	A	-0.03%
LKFN	B	-0.03%
APLD	A	-0.03%
SFNC	B	-0.03%
SHBI	A	-0.03%
JAKK	C	-0.03%
RNGR	B	-0.03%
CARE	C	-0.03%
LEGH	D	-0.02%
VRA	F	-0.02%
UEIC	C	-0.02%
FRBA	C	-0.02%
AIN	C	-0.02%
MEC	D	-0.02%
FBNC	A	-0.02%
HIFS	B	-0.02%
BFC	B	-0.02%
ALRS	D	-0.02%
HBT	B	-0.02%
MNTK	F	-0.02%
WTBA	B	-0.02%
OIS	C	-0.02%
CASS	B	-0.02%
HBCP	B	-0.02%
ANIP	F	-0.02%
RICK	C	-0.02%
BMRC	B	-0.02%
CMT	D	-0.02%
ESOA	A	-0.02%
EPM	A	-0.02%
FSTR	B	-0.02%
IMXI	B	-0.02%
EQBK	A	-0.02%
FFWM	C	-0.02%
KODK	B	-0.02%
AVO	C	-0.02%
MERC	F	-0.02%
ACDC	C	-0.02%
UNTY	B	-0.02%
GHM	A	-0.02%
CIVB	B	-0.02%
SAFT	C	-0.02%
BSRR	B	-0.02%
SFST	B	-0.02%
HOFT	C	-0.02%
PRA	C	-0.02%
HBB	F	-0.02%
INBK	B	-0.02%
FSBW	B	-0.02%
RM	D	-0.02%
HONE	B	-0.02%
NEU	C	-0.02%
FMNB	B	-0.02%
TBI	F	-0.02%
TCBX	A	-0.02%
DXLG	F	-0.02%
SHEN	F	-0.02%
GHC	C	-0.02%
REI	D	-0.02%
HDSN	F	-0.02%
HMN	B	-0.02%
RCKY	F	-0.02%
ACNB	B	-0.02%
BWB	B	-0.02%
EVC	C	-0.01%
UBFO	A	-0.01%
VNDA	C	-0.01%
OLPX	D	-0.01%
BSET	B	-0.01%
PWOD	A	-0.01%
PNRG	B	-0.01%
KRO	D	-0.01%
TSBK	B	-0.01%
FCBC	B	-0.01%
FRST	B	-0.01%
KLXE	C	-0.01%
LSEA	D	-0.01%
ISTR	B	-0.01%
LFVN	B	-0.01%
BSVN	B	-0.01%
JRVR	F	-0.01%
BWFG	A	-0.01%
LCUT	F	-0.01%
NC	B	-0.01%
OPBK	B	-0.01%
KEQU	C	-0.01%
CBNK	B	-0.01%
MPAA	C	-0.01%
GABC	B	-0.01%
LWAY	D	-0.01%
CBAN	B	-0.01%
FUNC	A	-0.01%
COFS	A	-0.01%
BCML	A	-0.01%
METCB	D	-0.01%
VEL	A	-0.01%
ATLC	B	-0.01%
PKBK	A	-0.01%
FLL	D	-0.01%
GNTY	A	-0.01%
TTSH	D	-0.01%
LTH	C	-0.01%
SRI	F	-0.01%
MTRX	B	-0.01%
ACTG	D	-0.01%
GEOS	C	-0.01%
KFRC	D	-0.01%
ACU	B	-0.01%
ALTG	C	-0.01%
AMSF	B	-0.01%
EBTC	B	-0.01%
IBEX	B	-0.01%
HMST	D	-0.01%
IPGP	D	-0.01%
ITIC	B	-0.01%
MFIN	C	-0.01%
CVGI	F	-0.01%
NGS	B	-0.01%
PCB	A	-0.01%
RLGT	A	-0.01%
MTW	C	-0.01%
MVBF	B	-0.01%
WSBF	C	-0.01%
CLAR	D	-0.01%
EVBN	B	-0.01%
UFCS	B	-0.01%
BELFA	D	-0.01%
NNBR	C	-0.01%
TAYD	D	-0.01%
FF	D	-0.01%
BCBP	A	-0.01%
PBYI	C	-0.01%
CENX	B	-0.01%
KRNY	B	-0.01%
RMAX	C	-0.01%
WLFC	B	-0.01%
PUBM	C	-0.01%
IMMR	C	-0.01%
TG	D	-0.01%
OBT	C	-0.01%
CPHC	C	-0.0%
AVNW	F	-0.0%
MRBK	A	-0.0%
NKSH	B	-0.0%
SRTS	B	-0.0%
MNSB	C	-0.0%
WNEB	A	-0.0%
KVHI	B	-0.0%
PLBC	A	-0.0%
ESCA	C	-0.0%
FGBI	A	-0.0%
MYFW	B	-0.0%
IBTA	C	-0.0%
UTMD	F	-0.0%
LAKE	B	-0.0%
ATLO	D	-0.0%
TDW	F	-0.0%
VABK	C	-0.0%
FDBC	C	-0.0%
CNTY	B	-0.0%
WOW	B	-0.0%
PVBC	B	-0.0%
PDEX	B	-0.0%
AOUT	A	-0.0%
BCAL	B	-0.0%
PHX	A	-0.0%
WEYS	C	-0.0%
OB	C	-0.0%
LPRO	C	-0.0%
MYPS	C	-0.0%
ZUMZ	C	-0.0%
QUAD	C	-0.0%
DLTH	D	-0.0%
UFI	F	-0.0%
NWFL	C	-0.0%
PCRX	C	-0.0%
CSPI	C	-0.0%
NIC	B	-0.0%
TBNK	B	-0.0%
SPWH	F	-0.0%
CRD.B	D	-0.0%
RRBI	A	-0.0%
FVCB	B	-0.0%
CHMG	B	-0.0%
FONR	D	-0.0%
VHI	D	-0.0%
EML	D	-0.0%
EPSN	B	-0.0%
PFIS	A	-0.0%
CCRD	A	-0.0%
TWIN	F	-0.0%
OVLY	A	-0.0%
CBFV	A	-0.0%
PEBK	B	-0.0%
CATO	D	-0.0%
FNLC	B	-0.0%
PYXS	D	-0.0%
NEWT	B	-0.0%
CFFI	B	-0.0%
RVSB	B	-0.0%
FET	D	-0.0%
HWBK	B	-0.0%
CPSS	B	-0.0%
FRAF	A	-0.0%
BFIN	B	-0.0%
BANF	B	-0.0%
XBIT	F	-0.0%
KINS	B	-0.0%
GIC	D	-0.0%
BOOM	F	-0.0%
SEG	B	-0.0%
MPX	B	-0.0%
CZFS	B	-0.0%
STKS	F	-0.0%