ESML vs. FAB ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to First Trust Multi Cap Value AlphaDEX Fund (FAB)

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

$41.78

Average Daily Volume

103,960

Number of Holdings ^*

902

* may have additional holdings in another (foreign) market

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.63

Average Daily Volume

2,745

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FAB
30 Days	0.41%	-1.88%
60 Days	4.98%	0.98%
90 Days	8.82%	4.65%
12 Months	27.32%	20.15%

263 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FAB	Overlap
AAP	F	0.05%	0.17%	0.05%
ABCB	C	0.1%	0.09%	0.09%
ABG	B	0.11%	0.13%	0.11%
ABM	A	0.09%	0.05%	0.05%
ACA	A	0.13%	0.09%	0.09%
AEO	F	0.09%	0.12%	0.09%
AGCO	C	0.15%	0.09%	0.09%
AGO	B	0.06%	0.24%	0.06%
AIR	F	0.05%	0.02%	0.02%
AL	C	0.1%	0.22%	0.1%
ALG	C	0.07%	0.07%	0.07%
ALK	A	0.22%	0.14%	0.14%
ALKS	D	0.1%	0.08%	0.08%
AMG	C	0.2%	0.25%	0.2%
AMN	F	0.07%	0.09%	0.07%
AMWD	B	0.07%	0.1%	0.07%
AN	D	0.07%	0.12%	0.07%
ANDE	F	0.06%	0.09%	0.06%
AR	F	0.21%	0.08%	0.08%
ARCB	F	0.05%	0.07%	0.05%
ARW	F	0.11%	0.16%	0.11%
ASB	A	0.16%	0.06%	0.06%
ASGN	F	0.15%	0.09%	0.09%
ASH	F	0.05%	0.13%	0.05%
ATKR	D	0.09%	0.23%	0.09%
AUB	D	0.1%	0.05%	0.05%
AVA	D	0.2%	0.13%	0.13%
AVNT	D	0.07%	0.04%	0.04%
AVT	B	0.29%	0.18%	0.18%
AXS	B	0.19%	0.13%	0.13%
BANR	B	0.16%	0.08%	0.08%
BC	D	0.08%	0.13%	0.08%
BCC	D	0.16%	0.17%	0.16%
BECN	B	0.13%	0.1%	0.1%
BERY	A	0.18%	0.14%	0.14%
BHE	A	0.16%	0.05%	0.05%
BHLB	B	0.19%	0.03%	0.03%
BJ	A	0.26%	0.05%	0.05%
BKU	D	0.06%	0.07%	0.06%
BNL	D	0.05%	0.1%	0.05%
BPOP	F	0.08%	0.04%	0.04%
BWA	D	0.18%	0.21%	0.18%
BYD	A	0.06%	0.15%	0.06%
CABO	C	0.12%	0.13%	0.12%
CADE	B	0.14%	0.19%	0.14%
CAL	F	0.04%	0.12%	0.04%
CAR	C	0.05%	0.05%	0.05%
CBU	A	0.06%	0.03%	0.03%
CC	C	0.05%	0.02%	0.02%
CCS	D	0.07%	0.11%	0.07%
CIVI	F	0.05%	0.22%	0.05%
CLF	C	0.08%	0.18%	0.08%
CMA	B	0.19%	0.1%	0.1%
CMC	B	0.21%	0.22%	0.21%
CMCO	F	0.05%	0.09%	0.05%
CNMD	D	0.05%	0.02%	0.02%
CNO	A	0.18%	0.18%	0.18%
CNX	B	0.27%	0.24%	0.24%
CNXC	F	0.03%	0.19%	0.03%
COLB	B	0.13%	0.15%	0.13%
COLM	B	0.06%	0.09%	0.06%
COOP	C	0.05%	0.17%	0.05%
CRC	A	0.1%	0.09%	0.09%
CRI	F	0.04%	0.06%	0.04%
CSGS	B	0.1%	0.05%	0.05%
CUBI	F	0.05%	0.13%	0.05%
CUZ	B	0.22%	0.09%	0.09%
CVBF	B	0.1%	0.08%	0.08%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.05%	0.02%	0.02%
CZR	C	0.17%	0.04%	0.04%
DAR	C	0.19%	0.19%	0.19%
DEA	C	0.07%	0.05%	0.05%
DEI	B	0.02%	0.03%	0.02%
DFIN	F	0.13%	0.05%	0.05%
DK	F	0.04%	0.04%	0.04%
DNOW	D	0.04%	0.12%	0.04%
DXC	C	0.11%	0.17%	0.11%
EFSC	B	0.1%	0.08%	0.08%
ENOV	C	0.07%	0.05%	0.05%
EPC	F	0.05%	0.13%	0.05%
ESNT	F	0.08%	0.21%	0.08%
FAF	D	0.16%	0.04%	0.04%
FELE	D	0.2%	0.04%	0.04%
FFBC	B	0.05%	0.11%	0.05%
FHN	B	0.21%	0.15%	0.15%
FIBK	C	0.15%	0.08%	0.08%
FIVE	C	0.11%	0.1%	0.1%
FLR	B	0.11%	0.05%	0.05%
FMC	B	0.16%	0.22%	0.16%
FOXF	F	0.04%	0.05%	0.04%
FUL	F	0.1%	0.04%	0.04%
FULT	C	0.11%	0.08%	0.08%
GBX	A	0.06%	0.15%	0.06%
GEF	B	0.05%	0.13%	0.05%
GEF	B	0.05%	0.13%	0.05%
GL	C	0.12%	0.14%	0.12%
GO	F	0.05%	0.04%	0.04%
GOGO	F	0.04%	0.05%	0.04%
GPI	B	0.17%	0.17%	0.17%
GPRE	D	0.04%	0.02%	0.02%
GRBK	D	0.05%	0.06%	0.05%
GT	F	0.06%	0.12%	0.06%
GXO	B	0.17%	0.05%	0.05%
HAYW	A	0.05%	0.03%	0.03%
HCC	A	0.05%	0.22%	0.05%
HELE	C	0.06%	0.13%	0.06%
HGV	C	0.06%	0.09%	0.06%
HIW	C	0.15%	0.1%	0.1%
HOG	F	0.21%	0.19%	0.19%
HRI	B	0.25%	0.18%	0.18%
HWC	B	0.08%	0.09%	0.08%
IART	C	0.05%	0.11%	0.05%
INDB	B	0.07%	0.11%	0.07%
INGR	C	0.39%	0.13%	0.13%
IOSP	F	0.07%	0.05%	0.05%
IVZ	B	0.25%	0.04%	0.04%
JAZZ	D	0.15%	0.18%	0.15%
JBGS	D	0.07%	0.02%	0.02%
JBT	A	0.09%	0.15%	0.09%
JEF	B	0.1%	0.05%	0.05%
JWN	B	0.06%	0.09%	0.06%
JXN	B	0.15%	0.25%	0.15%
KAR	D	0.1%	0.05%	0.05%
KBH	C	0.21%	0.17%	0.17%
KFY	B	0.08%	0.08%	0.08%
KLG	F	0.05%	0.07%	0.05%
KOS	F	0.11%	0.12%	0.11%
KRC	B	0.12%	0.19%	0.12%
KSS	F	0.05%	0.11%	0.05%
LAD	A	0.21%	0.19%	0.19%
LBRDK	A	0.06%	0.19%	0.06%
LCII	D	0.11%	0.05%	0.05%
LEA	F	0.11%	0.2%	0.11%
LFUS	F	0.15%	0.04%	0.04%
LNC	B	0.09%	0.2%	0.09%
LNN	D	0.08%	0.05%	0.05%
LPX	C	0.16%	0.08%	0.08%
LSTR	F	0.21%	0.04%	0.04%
LXP	D	0.06%	0.02%	0.02%
M	D	0.13%	0.18%	0.13%
MAT	A	0.14%	0.05%	0.05%
MDU	F	0.31%	0.14%	0.14%
MHO	C	0.05%	0.2%	0.05%
MLKN	F	0.04%	0.09%	0.04%
MMS	C	0.05%	0.08%	0.05%
MODG	D	0.06%	0.09%	0.06%
MRC	F	0.05%	0.1%	0.05%
MTG	D	0.25%	0.22%	0.22%
MTH	C	0.17%	0.2%	0.17%
MTRN	D	0.05%	0.02%	0.02%
MTX	B	0.12%	0.05%	0.05%
MUR	F	0.13%	0.21%	0.13%
MUSA	C	0.32%	0.04%	0.04%
MYRG	C	0.13%	0.03%	0.03%
NBTB	D	0.05%	0.03%	0.03%
NFG	C	0.21%	0.18%	0.18%
NJR	D	0.22%	0.04%	0.04%
NOV	F	0.15%	0.22%	0.15%
NWN	D	0.08%	0.1%	0.08%
NXST	A	0.1%	0.14%	0.1%
OGN	F	0.1%	0.13%	0.1%
OGS	C	0.32%	0.13%	0.13%
OMF	A	0.18%	0.14%	0.14%
OMI	F	0.04%	0.06%	0.04%
OPCH	F	0.13%	0.03%	0.03%
ORI	D	0.13%	0.09%	0.09%
OSK	C	0.3%	0.23%	0.23%
OZK	B	0.13%	0.18%	0.13%
PBF	F	0.05%	0.21%	0.05%
PDCO	F	0.15%	0.1%	0.1%
PEB	F	0.06%	0.07%	0.06%
PFS	C	0.05%	0.03%	0.03%
PGRE	C	0.05%	0.03%	0.03%
PINC	B	0.12%	0.13%	0.12%
PK	D	0.06%	0.13%	0.06%
PLUS	D	0.08%	0.02%	0.02%
PLYA	B	0.08%	0.08%	0.08%
PNFP	A	0.27%	0.05%	0.05%
POST	D	0.09%	0.13%	0.09%
PPBI	C	0.06%	0.03%	0.03%
PRG	C	0.05%	0.09%	0.05%
PRGO	F	0.07%	0.04%	0.04%
PSMT	D	0.05%	0.05%	0.05%
PTEN	F	0.04%	0.23%	0.04%
PVH	C	0.16%	0.22%	0.16%
R	A	0.27%	0.18%	0.18%
RDN	D	0.09%	0.23%	0.09%
REZI	C	0.19%	0.1%	0.1%
RGA	D	0.29%	0.18%	0.18%
RHI	C	0.21%	0.05%	0.05%
RNR	B	0.26%	0.22%	0.22%
RNST	B	0.08%	0.08%	0.08%
ROCK	D	0.05%	0.05%	0.05%
ROG	D	0.07%	0.05%	0.05%
RRC	C	0.24%	0.18%	0.18%
RUSHA	A	0.05%	0.19%	0.05%
RYN	B	0.05%	0.04%	0.04%
SASR	B	0.07%	0.08%	0.07%
SBH	B	0.05%	0.1%	0.05%
SCL	F	0.1%	0.05%	0.05%
SEE	B	0.07%	0.05%	0.05%
SEM	B	0.06%	0.04%	0.04%
SHOO	D	0.12%	0.02%	0.02%
SIG	D	0.1%	0.16%	0.1%
SJW	F	0.1%	0.07%	0.07%
SKY	C	0.05%	0.04%	0.04%
SLM	C	0.15%	0.09%	0.09%
SM	F	0.06%	0.24%	0.06%
SNDR	A	0.18%	0.08%	0.08%
SNX	C	0.09%	0.13%	0.09%
SON	F	0.12%	0.13%	0.12%
SPB	C	0.08%	0.07%	0.07%
SR	D	0.14%	0.17%	0.14%
SSB	C	0.26%	0.05%	0.05%
STC	D	0.08%	0.02%	0.02%
STWD	D	0.11%	0.04%	0.04%
SUM	A	0.27%	0.16%	0.16%
SWX	C	0.13%	0.13%	0.13%
TALO	D	0.05%	0.13%	0.05%
TDS	B	0.08%	0.13%	0.08%
TEX	F	0.09%	0.22%	0.09%
TGNA	B	0.19%	0.14%	0.14%
THO	D	0.13%	0.13%	0.13%
THRM	D	0.05%	0.05%	0.05%
TMHC	A	0.18%	0.22%	0.18%
TNET	F	0.07%	0.08%	0.07%
TOL	D	0.27%	0.43%	0.27%
TPH	D	0.14%	0.2%	0.14%
TPR	A	0.25%	0.05%	0.05%
UBSI	C	0.16%	0.09%	0.09%
UCB	D	0.04%	0.04%	0.04%
UGI	D	0.26%	0.22%	0.22%
UMBF	A	0.24%	0.05%	0.05%
UNM	A	0.22%	0.2%	0.2%
UPBD	C	0.05%	0.02%	0.02%
VAC	C	0.07%	0.11%	0.07%
VBTX	B	0.06%	0.08%	0.06%
VC	F	0.1%	0.12%	0.1%
VLY	B	0.14%	0.14%	0.14%
VNT	B	0.14%	0.1%	0.1%
VOYA	B	0.17%	0.05%	0.05%
VRTS	C	0.05%	0.08%	0.05%
VSAT	F	0.03%	0.08%	0.03%
VSCO	A	0.06%	0.09%	0.06%
VSTS	F	0.05%	0.09%	0.05%
WAL	D	0.21%	0.04%	0.04%
WBS	B	0.24%	0.15%	0.15%
WCC	A	0.21%	0.16%	0.16%
WD	C	0.07%	0.04%	0.04%
WERN	B	0.12%	0.07%	0.07%
WGO	D	0.12%	0.07%	0.07%
WHR	A	0.19%	0.13%	0.13%
WKC	D	0.05%	0.11%	0.05%
WTFC	B	0.07%	0.1%	0.07%
WTS	F	0.2%	0.04%	0.04%
WU	F	0.07%	0.12%	0.07%
XHR	C	0.07%	0.07%	0.07%
XPEL	F	0.05%	0.02%	0.02%
XRX	F	0.04%	0.08%	0.04%
YETI	D	0.11%	0.04%	0.04%
ZD	D	0.07%	0.1%	0.07%
ZION	B	0.18%	0.15%	0.15%

ESML Overweight 639 Positions Relative to FAB

Symbol	Grade	Weight
CASY	B	0.53%
USFD	A	0.48%
JHG	A	0.48%
GWRE	B	0.44%
CVNA	A	0.43%
KBR	B	0.41%
EWBC	A	0.39%
SFM	A	0.38%
JLL	B	0.37%
FIX	B	0.36%
NTNX	B	0.35%
FTI	B	0.34%
REXR	F	0.34%
AYI	A	0.33%
RGLD	B	0.33%
FLEX	A	0.32%
FRT	D	0.32%
EHC	A	0.3%
BWXT	B	0.3%
GBCI	A	0.29%
COHR	B	0.29%
BMI	C	0.29%
IBKR	A	0.29%
GPK	D	0.28%
XPO	A	0.28%
SNV	B	0.28%
ITT	C	0.28%
ONTO	F	0.28%
SIGI	D	0.27%
SAIA	A	0.26%
BFAM	C	0.26%
DTM	A	0.26%
BLD	F	0.26%
NTRA	C	0.26%
AXTA	A	0.25%
ATR	A	0.25%
WEX	F	0.25%
CACI	A	0.25%
PCVX	D	0.25%
SCI	A	0.25%
DCI	A	0.25%
WMS	C	0.25%
AAON	B	0.24%
PRGS	B	0.24%
CW	A	0.24%
ARMK	B	0.24%
CNM	D	0.24%
THC	B	0.24%
FTAI	B	0.23%
PRI	B	0.23%
CVLT	B	0.23%
ENSG	A	0.23%
MWA	A	0.23%
NCLH	A	0.23%
ALSN	A	0.23%
CDP	A	0.23%
WING	F	0.22%
EGP	F	0.22%
INSM	D	0.22%
SRPT	D	0.22%
AWI	A	0.22%
MOG.A	B	0.22%
EXLS	A	0.21%
OHI	B	0.21%
CUBE	D	0.21%
CBSH	A	0.21%
NOVT	C	0.21%
LECO	C	0.2%
RHP	A	0.2%
ZWS	A	0.2%
HHH	B	0.2%
MTN	F	0.2%
AA	B	0.2%
HRB	C	0.2%
FCN	F	0.2%
WSC	F	0.2%
FND	D	0.2%
FTDR	A	0.2%
TTEK	A	0.2%
GNRC	A	0.2%
HAS	D	0.2%
BDC	B	0.2%
NVT	D	0.2%
VFC	A	0.2%
LNW	D	0.2%
GME	B	0.19%
GKOS	B	0.19%
ENLC	A	0.19%
EPRT	D	0.19%
KNSL	F	0.19%
RLI	A	0.19%
NYT	C	0.19%
AFRM	A	0.19%
WWD	C	0.19%
FN	C	0.18%
FRPT	B	0.18%
NSIT	F	0.18%
SPXC	D	0.18%
FBP	D	0.18%
ITRI	A	0.18%
PCTY	A	0.18%
CIEN	B	0.18%
WK	A	0.18%
CRUS	F	0.18%
MORN	B	0.18%
CR	B	0.18%
GATX	A	0.17%
SF	B	0.17%
PLXS	A	0.17%
SOFI	A	0.17%
SITE	C	0.17%
PCH	D	0.17%
CROX	F	0.17%
THG	C	0.17%
AEIS	A	0.17%
ONB	B	0.17%
DUOL	A	0.17%
VVV	D	0.17%
PR	F	0.17%
PLNT	D	0.17%
MSA	F	0.17%
LSCC	C	0.17%
MOD	C	0.17%
CHE	F	0.16%
FLS	A	0.16%
VKTX	C	0.16%
ALTR	B	0.16%
RRX	A	0.16%
PCOR	B	0.16%
BRX	A	0.16%
PEN	A	0.16%
LAZ	A	0.16%
CHX	F	0.16%
SPSC	F	0.16%
ESTC	F	0.16%
KNTK	B	0.16%
MTZ	A	0.16%
DLB	B	0.16%
TKO	D	0.16%
CHDN	C	0.15%
MMSI	B	0.15%
SMAR	A	0.15%
HXL	F	0.15%
LNTH	A	0.15%
CRS	B	0.15%
ANF	F	0.15%
TNL	A	0.15%
LUMN	A	0.15%
HQY	B	0.15%
MEDP	F	0.15%
ATI	F	0.15%
ELAN	D	0.15%
ACIW	B	0.15%
DBX	A	0.15%
WFRD	F	0.15%
AM	D	0.15%
X	C	0.15%
RGEN	D	0.15%
EAT	A	0.14%
MKSI	F	0.14%
KTB	A	0.14%
KNF	B	0.14%
FYBR	B	0.14%
RMBS	C	0.14%
ESI	A	0.14%
ITCI	A	0.14%
BRKR	D	0.14%
CPF	C	0.14%
WH	A	0.14%
KLIC	B	0.14%
AVAV	B	0.14%
RYAN	B	0.14%
HNI	D	0.14%
FSS	F	0.14%
GTLB	A	0.14%
NPO	F	0.13%
ADT	B	0.13%
CRDO	A	0.13%
ELF	F	0.13%
CYTK	F	0.13%
BOX	B	0.13%
AZEK	C	0.13%
IBCP	D	0.13%
ACHC	F	0.13%
VMI	A	0.13%
HESM	F	0.13%
WTM	C	0.13%
CPK	D	0.13%
ITGR	D	0.13%
BLKB	F	0.13%
BCPC	B	0.13%
CAVA	B	0.13%
TPX	F	0.13%
CBT	A	0.13%
VECO	F	0.12%
STRL	B	0.12%
AIT	A	0.12%
PRIM	A	0.12%
OLLI	B	0.12%
AGNC	D	0.12%
CFLT	A	0.12%
S	B	0.12%
IRDM	A	0.12%
EPAC	A	0.12%
IDCC	A	0.12%
LRN	A	0.12%
GAP	C	0.12%
HASI	A	0.12%
LBRDA	A	0.11%
RDUS	D	0.11%
EVR	B	0.11%
TXRH	B	0.11%
QTWO	A	0.11%
SLG	B	0.11%
WDFC	A	0.11%
TRNO	F	0.11%
APPF	D	0.11%
PFSI	D	0.11%
CGNX	C	0.11%
WHD	B	0.11%
CRNX	B	0.11%
TDC	C	0.11%
BHVN	B	0.11%
PATH	F	0.11%
HALO	B	0.11%
ECPG	F	0.11%
CCOI	B	0.11%
ALTM	B	0.11%
ORA	A	0.11%
PSN	A	0.11%
ADC	C	0.11%
XENE	C	0.11%
BWIN	D	0.1%
MRCY	D	0.1%
INSP	D	0.1%
BILL	A	0.1%
APAM	A	0.1%
ETSY	D	0.1%
PRCT	A	0.1%
TRN	C	0.1%
U	C	0.1%
WEN	A	0.1%
NWL	A	0.1%
PEGA	A	0.1%
AMAL	B	0.1%
IBP	F	0.1%
OLED	F	0.1%
DNLI	C	0.1%
DY	D	0.1%
AUR	B	0.1%
HCP	B	0.1%
TENB	F	0.1%
GMED	A	0.1%
SSD	F	0.1%
RXO	B	0.1%
GTLS	A	0.1%
FA	D	0.1%
SLAB	F	0.1%
HAE	F	0.1%
CRVL	D	0.09%
NXT	C	0.09%
POWL	A	0.09%
ESE	B	0.09%
ICFI	A	0.09%
MARA	D	0.09%
PJT	B	0.09%
MTSI	B	0.09%
UNIT	A	0.09%
ST	F	0.09%
DRS	A	0.09%
LYFT	C	0.09%
MGRC	A	0.09%
AROC	D	0.09%
HR	D	0.09%
RVMD	A	0.09%
RDNT	B	0.09%
CURB	D	0.09%
DV	F	0.09%
RL	A	0.09%
VNO	B	0.09%
KD	D	0.09%
CFR	B	0.09%
ERII	A	0.09%
CAC	A	0.09%
BRBR	A	0.09%
FR	D	0.09%
NMIH	D	0.09%
AMED	D	0.09%
BRC	D	0.09%
ZI	C	0.09%
VVX	B	0.08%
UNFI	B	0.08%
BL	B	0.08%
UEC	B	0.08%
GVA	A	0.08%
KTOS	C	0.08%
RARE	D	0.08%
SXT	C	0.08%
OUT	B	0.08%
HIMS	B	0.08%
EVRI	A	0.08%
PLMR	D	0.08%
PRKS	B	0.08%
RNA	A	0.08%
TARS	A	0.08%
BXMT	C	0.08%
BOH	A	0.08%
ICUI	C	0.08%
MIR	A	0.08%
RKLB	A	0.08%
LITE	B	0.08%
LBPH	A	0.08%
SBRA	B	0.08%
IMAX	A	0.08%
SHAK	A	0.08%
MAC	A	0.08%
EWTX	A	0.08%
PI	C	0.08%
CNK	A	0.08%
CRSP	C	0.08%
BANC	B	0.07%
CMP	C	0.07%
VRRM	F	0.07%
XRAY	F	0.07%
KREF	B	0.07%
MAN	F	0.07%
SG	A	0.07%
CALM	B	0.07%
ALHC	A	0.07%
SATS	B	0.07%
UPST	B	0.07%
RUN	C	0.07%
NARI	A	0.07%
COLD	F	0.07%
PECO	A	0.07%
VITL	C	0.07%
SONO	C	0.07%
CWK	B	0.07%
MRUS	B	0.07%
HAIN	A	0.07%
AAT	B	0.07%
PRVA	C	0.07%
CHWY	C	0.07%
HWKN	D	0.07%
ENR	A	0.07%
MHK	D	0.07%
VRDN	B	0.07%
HBI	A	0.07%
CTS	A	0.07%
PDM	B	0.07%
BPMC	C	0.07%
DOCS	A	0.07%
TREX	C	0.07%
CCCS	D	0.07%
AZTA	D	0.07%
CALX	F	0.07%
BDN	D	0.07%
ESRT	D	0.07%
VCTR	B	0.07%
NTGR	A	0.07%
INTA	A	0.07%
KOP	F	0.07%
TBBK	D	0.07%
AZZ	C	0.07%
CLVT	F	0.07%
VRNS	D	0.07%
VSEC	B	0.07%
PIPR	B	0.07%
ACLX	B	0.07%
TMDX	F	0.06%
EWCZ	C	0.06%
BROS	D	0.06%
EXP	A	0.06%
APGE	A	0.06%
NRIX	B	0.06%
RKT	D	0.06%
ACVA	F	0.06%
RXST	D	0.06%
LIVN	D	0.06%
MPW	D	0.06%
HL	C	0.06%
TILE	A	0.06%
WOLF	D	0.06%
CDE	C	0.06%
KYMR	B	0.06%
VVI	B	0.06%
NUVL	D	0.06%
HI	F	0.06%
VERX	A	0.06%
IBOC	B	0.06%
GERN	C	0.06%
SPR	B	0.06%
FIVN	C	0.06%
MOV	D	0.06%
MXL	D	0.06%
JANX	A	0.06%
COGT	B	0.06%
TNC	F	0.06%
EYE	D	0.06%
CHH	A	0.06%
EXPO	D	0.06%
MASI	A	0.06%
FROG	C	0.06%
NVST	A	0.06%
PLAY	C	0.06%
EE	B	0.06%
ADUS	C	0.06%
FFIN	D	0.06%
EPR	D	0.06%
PTCT	B	0.06%
COKE	D	0.06%
APG	B	0.06%
TDOC	C	0.06%
FL	D	0.06%
FUN	C	0.06%
VREX	C	0.06%
KVYO	A	0.06%
CRAI	B	0.06%
MBUU	A	0.06%
CSTL	A	0.06%
ALKT	B	0.06%
OII	B	0.06%
WRBY	A	0.06%
KE	C	0.06%
FOUR	B	0.06%
BOOT	D	0.06%
LEG	F	0.06%
KROS	A	0.06%
ZYME	A	0.06%
PTGX	B	0.06%
ELVN	B	0.06%
CLNE	C	0.06%
AVPT	A	0.06%
CLB	A	0.06%
MNKD	A	0.06%
LCID	F	0.06%
ATRC	A	0.06%
ROIV	D	0.06%
PAHC	B	0.06%
RCM	A	0.06%
POWI	C	0.06%
SMTC	B	0.06%
CLH	C	0.06%
PNTG	D	0.06%
IDYA	D	0.06%
OWL	B	0.06%
HAFC	A	0.06%
GTES	A	0.06%
RH	A	0.06%
VNOM	A	0.06%
CART	A	0.06%
IESC	A	0.06%
ENV	A	0.06%
PHAT	A	0.06%
W	F	0.06%
SKT	B	0.06%
PAR	A	0.06%
PRTA	F	0.05%
MGNI	D	0.05%
FLO	F	0.05%
IMVT	D	0.05%
BBIO	F	0.05%
IVR	F	0.05%
KRYS	D	0.05%
ZEUS	F	0.05%
CGEM	F	0.05%
NEOG	D	0.05%
INVX	F	0.05%
NEO	D	0.05%
NVCR	D	0.05%
AXL	F	0.05%
LOPE	D	0.05%
ALEC	D	0.05%
MLTX	F	0.05%
OMCL	A	0.05%
CWT	D	0.05%
FRSH	C	0.05%
LGF.A	C	0.05%
AHH	D	0.05%
WNC	D	0.05%
ASTE	C	0.05%
RAMP	D	0.05%
PBI	A	0.05%
TNDM	D	0.05%
DLX	F	0.05%
REVG	C	0.05%
KELYA	D	0.05%
FLG	F	0.05%
PLUG	C	0.05%
SNDX	F	0.05%
MNRO	A	0.05%
PRO	C	0.05%
HZO	F	0.05%
AGYS	D	0.05%
ARQT	D	0.05%
ESTA	A	0.05%
AMBC	D	0.05%
MYGN	F	0.05%
ACEL	D	0.05%
JELD	F	0.05%
BGC	A	0.05%
TGTX	B	0.05%
NABL	F	0.05%
VYX	D	0.05%
KMPR	B	0.05%
AGIO	B	0.05%
MLNK	B	0.05%
UAA	B	0.05%
SMPL	C	0.05%
AVDX	C	0.05%
CPRX	A	0.05%
DGII	B	0.05%
HLIT	F	0.05%
PENN	B	0.05%
MMI	D	0.05%
THS	D	0.05%
FLYW	C	0.05%
ATGE	A	0.05%
MQ	A	0.05%
PLRX	A	0.05%
MTTR	C	0.05%
AWR	D	0.05%
CLSK	D	0.05%
VERA	A	0.05%
TROX	F	0.05%
AI	C	0.05%
LEVI	F	0.05%
EMBC	C	0.05%
TWST	D	0.05%
IONS	F	0.05%
ARWR	F	0.05%
UFPT	C	0.05%
RNG	A	0.05%
VRNT	F	0.05%
WT	B	0.05%
ADMA	B	0.05%
ARVN	C	0.05%
CWAN	B	0.05%
SHC	C	0.05%
CBZ	B	0.05%
ARKO	C	0.05%
RUSHB	A	0.05%
EDR	B	0.05%
SLNO	A	0.05%
INFA	C	0.05%
TGI	C	0.05%
ATEN	B	0.05%
DOCN	D	0.05%
PDFS	F	0.05%
GH	C	0.05%
DCO	D	0.05%
PYCR	A	0.05%
RBBN	A	0.05%
YELP	C	0.05%
NBHC	B	0.05%
NCNO	B	0.05%
PD	C	0.05%
XPRO	F	0.05%
CAKE	A	0.05%
INFN	B	0.05%
ZUO	A	0.05%
HURN	A	0.05%
SLVM	A	0.05%
SFBS	A	0.05%
AXSM	D	0.05%
COMP	B	0.05%
AORT	A	0.05%
PAYO	A	0.05%
TMCI	D	0.04%
HOUS	F	0.04%
NVAX	F	0.04%
SPT	F	0.04%
SWTX	F	0.04%
MEG	F	0.04%
SVRA	D	0.04%
NUVB	F	0.04%
BRY	D	0.04%
CLW	F	0.04%
NTLA	F	0.04%
STAA	F	0.04%
BRZE	F	0.04%
MDGL	A	0.04%
CXM	F	0.04%
EGY	F	0.04%
HPP	F	0.04%
CCRN	F	0.04%
ANAB	F	0.04%
KURA	D	0.04%
COUR	F	0.04%
BE	D	0.04%
CLDX	F	0.04%
MTUS	F	0.04%
SAVA	D	0.04%
AMC	F	0.04%
RCKT	F	0.04%
CECO	F	0.04%
ARLO	F	0.04%
ARCT	F	0.04%
PRAA	D	0.04%
ASAN	D	0.04%
HLX	F	0.04%
BEAM	D	0.04%
LESL	D	0.04%
FORM	F	0.04%
FTRE	F	0.04%
BASE	D	0.04%
FLGT	C	0.04%
MEI	F	0.04%
IRON	C	0.04%
QDEL	F	0.04%
ICHR	F	0.04%
NEP	F	0.04%
DYN	F	0.04%
SIBN	D	0.04%
RCUS	F	0.04%
QS	F	0.04%
OSCR	C	0.04%
JAMF	D	0.04%
SMP	C	0.04%
PGNY	F	0.04%
ETNB	B	0.04%
ALRM	F	0.04%
RXRX	D	0.04%
BKD	D	0.04%
PLOW	F	0.04%
NOVA	F	0.03%
AGL	F	0.03%
ASPN	F	0.03%
SEDG	F	0.03%
FNA	F	0.03%
CRMT	F	0.03%
SITC	F	0.03%
CDNA	C	0.03%
APLS	F	0.03%
TXG	F	0.03%
CPRI	F	0.03%
ETWO	F	0.03%
MC	D	0.02%
GDOT	B	0.01%

ESML Underweight 404 Positions Relative to FAB

Symbol	Grade	Weight
UAL	A	-0.63%
DAL	A	-0.52%
GM	B	-0.52%
SYF	B	-0.51%
AIG	B	-0.48%
COP	C	-0.48%
CMCSA	A	-0.48%
PCAR	C	-0.48%
T	B	-0.47%
CINF	B	-0.47%
STLD	A	-0.47%
XOM	A	-0.46%
CTRA	F	-0.46%
TROW	A	-0.46%
CVX	A	-0.46%
OXY	F	-0.45%
F	F	-0.45%
DVN	F	-0.45%
RS	C	-0.45%
EOG	D	-0.45%
FOXA	A	-0.45%
HPE	A	-0.44%
HAL	F	-0.44%
VLO	F	-0.44%
ETR	A	-0.43%
NUE	F	-0.43%
LYB	F	-0.42%
EG	F	-0.42%
LEN	C	-0.42%
WFC	B	-0.42%
ADM	F	-0.42%
CE	F	-0.42%
PSX	F	-0.42%
KMI	B	-0.41%
MPC	F	-0.41%
CVS	F	-0.41%
PHM	D	-0.41%
BG	F	-0.4%
COF	A	-0.4%
CRBG	B	-0.4%
HBAN	B	-0.39%
LNG	A	-0.39%
XEL	A	-0.38%
C	B	-0.38%
FANG	D	-0.38%
CFG	B	-0.38%
AEE	B	-0.37%
SRE	C	-0.37%
EQT	B	-0.37%
L	D	-0.37%
VTRS	C	-0.37%
FDX	D	-0.37%
ATO	B	-0.37%
OC	B	-0.37%
CNP	B	-0.37%
EXC	C	-0.36%
ON	F	-0.36%
KR	B	-0.36%
ED	C	-0.36%
CB	D	-0.36%
ALLY	F	-0.36%
APTV	F	-0.36%
ZBH	C	-0.36%
DG	F	-0.35%
SLB	F	-0.35%
CF	B	-0.35%
CTSH	D	-0.35%
INTC	C	-0.34%
VZ	D	-0.34%
HIG	D	-0.34%
SWKS	F	-0.33%
DHI	D	-0.32%
SNA	A	-0.31%
MS	B	-0.3%
CNC	D	-0.3%
IP	A	-0.3%
MTB	B	-0.29%
D	C	-0.28%
LUV	B	-0.28%
TDY	B	-0.28%
STT	A	-0.28%
TRV	B	-0.28%
BKR	A	-0.28%
BAC	B	-0.28%
USB	B	-0.28%
DGX	B	-0.27%
DUK	C	-0.27%
AKAM	D	-0.27%
CHTR	A	-0.27%
NI	A	-0.27%
FITB	B	-0.27%
RF	B	-0.27%
KHC	F	-0.26%
SYY	C	-0.26%
TGT	D	-0.26%
AEP	D	-0.26%
HRL	F	-0.26%
DTE	C	-0.26%
DE	B	-0.26%
PPL	C	-0.26%
LNT	C	-0.26%
STX	D	-0.25%
HP	C	-0.25%
AFL	D	-0.25%
EQR	D	-0.25%
ULTA	C	-0.25%
EBAY	D	-0.24%
BLDR	F	-0.24%
MTDR	C	-0.24%
BIIB	F	-0.24%
DOW	F	-0.24%
TXT	F	-0.24%
OVV	D	-0.23%
NOG	F	-0.23%
BBY	C	-0.23%
CHRD	F	-0.22%
APA	F	-0.22%
RJF	A	-0.22%
NFE	F	-0.21%
URBN	D	-0.21%
TAP	B	-0.21%
DINO	F	-0.2%
MATX	A	-0.2%
ZM	A	-0.2%
ASO	D	-0.2%
AMR	F	-0.2%
LBRT	F	-0.2%
PRU	C	-0.19%
BEN	C	-0.19%
PNC	B	-0.19%
MGY	A	-0.19%
KIM	A	-0.19%
NWSA	A	-0.19%
SOLV	B	-0.19%
CSCO	A	-0.19%
KEY	B	-0.19%
JBHT	A	-0.19%
PKG	A	-0.19%
OKE	A	-0.19%
DDS	B	-0.18%
BKH	D	-0.18%
G	C	-0.18%
EVRG	C	-0.18%
HST	D	-0.18%
FNF	C	-0.18%
CSX	F	-0.18%
DRI	C	-0.18%
POR	C	-0.18%
PNW	D	-0.18%
DOC	C	-0.18%
ADTN	B	-0.18%
TSN	D	-0.18%
CMS	C	-0.18%
MOS	C	-0.18%
JNJ	D	-0.18%
GBDC	D	-0.18%
HPQ	B	-0.18%
OTTR	D	-0.18%
WEC	C	-0.18%
DIS	C	-0.18%
CARR	D	-0.17%
GIS	D	-0.17%
HSY	F	-0.17%
MOH	D	-0.17%
ARE	F	-0.17%
PPG	F	-0.17%
SSNC	D	-0.17%
FE	D	-0.17%
EIX	D	-0.17%
NVR	D	-0.17%
BBWI	D	-0.16%
WLK	F	-0.16%
KDP	F	-0.16%
UHS	D	-0.16%
RIOT	C	-0.16%
HUM	F	-0.15%
AMKR	F	-0.15%
GPC	F	-0.15%
BFH	C	-0.14%
RIG	C	-0.14%
SANM	A	-0.14%
JBL	A	-0.14%
FNB	B	-0.14%
CXW	D	-0.14%
ELV	F	-0.14%
BMBL	C	-0.14%
DBRG	D	-0.14%
LKQ	D	-0.13%
UVV	B	-0.13%
PAG	F	-0.13%
RLJ	F	-0.13%
ECVT	C	-0.13%
SJM	F	-0.13%
ULH	B	-0.13%
FOR	F	-0.13%
EMN	D	-0.13%
KMT	B	-0.13%
SHO	F	-0.13%
ENS	F	-0.13%
BTU	A	-0.13%
GIII	C	-0.13%
APLE	B	-0.13%
INVA	C	-0.13%
VTLE	F	-0.13%
OGE	C	-0.13%
EIG	C	-0.13%
GMS	A	-0.13%
SEB	F	-0.12%
OLN	F	-0.12%
RES	F	-0.12%
VSH	F	-0.12%
WS	A	-0.12%
USM	B	-0.12%
CRGY	A	-0.12%
GPOR	F	-0.12%
SPNT	D	-0.12%
PLAB	F	-0.12%
CTOS	C	-0.12%
PHIN	C	-0.11%
LILAK	A	-0.11%
PEBO	B	-0.11%
GHC	A	-0.11%
BV	A	-0.11%
HTZ	F	-0.11%
GES	F	-0.11%
IMKTA	D	-0.11%
HOV	C	-0.11%
TRMK	B	-0.11%
PII	F	-0.11%
PARR	F	-0.11%
WMK	C	-0.1%
NAVI	F	-0.1%
J	F	-0.1%
CENTA	D	-0.1%
NWE	D	-0.1%
SEIC	A	-0.1%
ABR	B	-0.1%
MLI	A	-0.1%
SAH	A	-0.1%
DRH	D	-0.1%
LADR	C	-0.1%
EQC	C	-0.1%
HY	D	-0.1%
EBC	C	-0.1%
PRDO	B	-0.1%
BY	C	-0.1%
MAA	D	-0.09%
CPB	D	-0.09%
PFG	C	-0.09%
UHAL	B	-0.09%
GD	C	-0.09%
LOW	B	-0.09%
HD	B	-0.09%
CLX	B	-0.09%
ACN	C	-0.09%
AIZ	D	-0.09%
OMC	A	-0.09%
PEP	D	-0.09%
KNX	A	-0.09%
UPS	C	-0.09%
OEC	F	-0.09%
MDT	C	-0.09%
HOLX	A	-0.09%
TKR	C	-0.09%
SLGN	A	-0.09%
IEX	A	-0.09%
SBUX	B	-0.09%
WRB	D	-0.09%
PNM	B	-0.09%
CVI	F	-0.09%
ADNT	F	-0.09%
ODFL	A	-0.09%
WTRG	C	-0.09%
CMI	B	-0.09%
PYPL	B	-0.09%
IDA	A	-0.09%
LH	A	-0.09%
BOKF	C	-0.09%
PB	B	-0.09%
SCSC	F	-0.09%
CTVA	A	-0.09%
LZB	D	-0.09%
LHX	A	-0.09%
APD	B	-0.09%
HII	F	-0.09%
PTVE	F	-0.08%
HOPE	D	-0.08%
DAN	F	-0.08%
SRCE	C	-0.08%
MCRI	A	-0.08%
FRME	D	-0.08%
TCBK	C	-0.08%
NKE	F	-0.08%
REYN	F	-0.08%
KALU	C	-0.08%
LAUR	A	-0.08%
CAG	F	-0.08%
CRK	B	-0.08%
NX	C	-0.08%
PFBC	B	-0.08%
FTV	F	-0.08%
EXPD	D	-0.08%
WPC	F	-0.08%
CI	F	-0.08%
WSBC	B	-0.08%
CRL	F	-0.08%
WY	C	-0.08%
CATY	B	-0.08%
CASH	B	-0.08%
DIOD	F	-0.08%
SFNC	B	-0.08%
MDLZ	F	-0.08%
SKX	D	-0.08%
DD	D	-0.08%
MSM	D	-0.08%
LMT	D	-0.08%
IPGP	C	-0.08%
KEYS	C	-0.08%
IPG	F	-0.08%
AWK	D	-0.08%
UFPI	D	-0.08%
NDSN	F	-0.08%
MIDD	F	-0.08%
MAS	D	-0.08%
LGIH	D	-0.07%
MRTN	F	-0.07%
UNF	D	-0.07%
SSTK	D	-0.07%
BUSE	D	-0.07%
HUBG	C	-0.07%
FCF	D	-0.07%
WSFS	D	-0.07%
BKE	A	-0.07%
NIC	B	-0.06%
HMN	A	-0.06%
FHB	A	-0.06%
FHI	A	-0.06%
SNEX	A	-0.06%
SCVL	F	-0.06%
GEO	B	-0.06%
DFH	F	-0.06%
TTMI	A	-0.06%
LC	B	-0.06%
SYNA	F	-0.05%
PATK	F	-0.05%
DNB	B	-0.05%
OFG	C	-0.05%
PFGC	B	-0.05%
KWR	D	-0.05%
STBA	D	-0.05%
HTH	F	-0.05%
ARI	D	-0.05%
CXT	F	-0.05%
ALEX	C	-0.05%
WAFD	D	-0.05%
SHEN	D	-0.05%
TOWN	D	-0.05%
NWBI	D	-0.05%
SBCF	C	-0.05%
FBNC	D	-0.05%
PBH	A	-0.05%
ODP	C	-0.05%
HLF	D	-0.05%
IAC	F	-0.04%
NSP	F	-0.04%
AVNS	F	-0.04%
TTC	F	-0.04%
FBIN	C	-0.04%
ALIT	F	-0.04%
MGM	D	-0.04%
EPAM	F	-0.04%
AFG	D	-0.04%
HSIC	A	-0.04%
NVEE	C	-0.03%
GNW	D	-0.03%
ROIC	A	-0.03%
NNI	A	-0.03%
BLMN	F	-0.03%
SAM	B	-0.03%
IVT	A	-0.03%
FBK	B	-0.03%
BHF	B	-0.03%
TCBI	B	-0.03%
FDP	A	-0.03%
MCW	A	-0.03%
MGPI	F	-0.03%
UPWK	A	-0.03%
OLPX	F	-0.02%
AIN	F	-0.02%
GIC	F	-0.02%
OXM	F	-0.02%
CMTG	F	-0.02%
CNXN	D	-0.02%
OI	F	-0.02%
RC	F	-0.02%
MSEX	B	-0.02%
KFRC	D	-0.02%
MSGE	C	-0.02%
CVCO	B	-0.02%
SAFT	F	-0.02%
SHLS	D	-0.02%
NMRK	C	-0.02%
EVTC	D	-0.02%
HLIO	A	-0.02%