ESML vs. IVOV ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

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

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$103.46

Average Daily Volume

15,333

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IVOV
30 Days	8.75%	7.33%
60 Days	8.59%	8.59%
90 Days	9.69%	9.69%
12 Months	34.45%	31.86%

207 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IVOV	Overlap
AA	B	0.19%	0.73%	0.19%
ADC	B	0.11%	0.53%	0.11%
AGCO	D	0.13%	0.44%	0.13%
AM	A	0.15%	0.14%	0.14%
AMED	F	0.09%	0.13%	0.09%
AMG	B	0.19%	0.41%	0.19%
AN	C	0.07%	0.29%	0.07%
AR	B	0.22%	0.53%	0.22%
ARMK	B	0.23%	0.7%	0.23%
ARW	D	0.09%	0.44%	0.09%
ASB	B	0.17%	0.25%	0.17%
ASGN	F	0.14%	0.29%	0.14%
ASH	D	0.04%	0.29%	0.04%
ATR	B	0.24%	0.32%	0.24%
AVNT	B	0.07%	0.3%	0.07%
AVT	C	0.27%	0.34%	0.27%
AYI	B	0.34%	0.32%	0.32%
AZTA	D	0.07%	0.05%	0.05%
BC	C	0.07%	0.15%	0.07%
BDC	B	0.2%	0.33%	0.2%
BERY	B	0.17%	0.57%	0.17%
BJ	A	0.25%	0.79%	0.25%
BLKB	B	0.12%	0.08%	0.08%
BRBR	A	0.1%	0.28%	0.1%
BRKR	D	0.13%	0.18%	0.13%
BRX	A	0.16%	0.32%	0.16%
CACI	D	0.21%	0.55%	0.21%
CADE	B	0.15%	0.43%	0.15%
CBSH	A	0.23%	0.3%	0.23%
CBT	C	0.13%	0.14%	0.13%
CC	C	0.05%	0.19%	0.05%
CDP	C	0.21%	0.16%	0.16%
CFR	B	0.1%	0.33%	0.1%
CGNX	C	0.1%	0.27%	0.1%
CHE	D	0.14%	0.23%	0.14%
CHH	A	0.06%	0.11%	0.06%
CHX	C	0.17%	0.12%	0.12%
CIEN	B	0.19%	0.38%	0.19%
CLF	F	0.06%	0.43%	0.06%
CMC	B	0.22%	0.44%	0.22%
CNM	D	0.22%	0.26%	0.22%
CNO	A	0.2%	0.26%	0.2%
CNXC	F	0.03%	0.14%	0.03%
COHR	B	0.28%	1.0%	0.28%
COLB	A	0.13%	0.42%	0.13%
COLM	B	0.07%	0.1%	0.07%
CPRI	F	0.03%	0.09%	0.03%
CRI	D	0.04%	0.14%	0.04%
CRUS	D	0.15%	0.18%	0.15%
CUBE	D	0.2%	0.34%	0.2%
CUZ	B	0.21%	0.33%	0.21%
CVLT	B	0.22%	0.19%	0.19%
CW	B	0.23%	0.33%	0.23%
CYTK	F	0.13%	0.23%	0.13%
DAR	C	0.19%	0.44%	0.19%
DCI	B	0.25%	0.27%	0.25%
DLB	B	0.16%	0.13%	0.13%
DOCS	C	0.08%	0.18%	0.08%
DTM	B	0.28%	0.23%	0.23%
EGP	F	0.21%	0.22%	0.21%
EHC	B	0.29%	0.39%	0.29%
ENOV	C	0.08%	0.16%	0.08%
EPR	D	0.05%	0.09%	0.05%
ESNT	D	0.07%	0.45%	0.07%
EVR	B	0.12%	0.21%	0.12%
EWBC	A	0.4%	0.44%	0.4%
EXLS	B	0.23%	0.2%	0.2%
EXPO	D	0.06%	0.17%	0.06%
FAF	A	0.16%	0.46%	0.16%
FFIN	B	0.06%	0.2%	0.06%
FHN	A	0.23%	0.65%	0.23%
FLO	D	0.04%	0.31%	0.04%
FLR	B	0.1%	0.63%	0.1%
FLS	B	0.16%	0.27%	0.16%
FR	C	0.09%	0.25%	0.09%
FYBR	D	0.13%	0.56%	0.13%
GAP	C	0.12%	0.32%	0.12%
GATX	A	0.17%	0.22%	0.17%
GBCI	B	0.3%	0.42%	0.3%
GEF	A	0.05%	0.11%	0.05%
GEF	A	0.05%	0.11%	0.05%
GME	C	0.21%	0.61%	0.21%
GMED	A	0.11%	0.59%	0.11%
GPK	C	0.26%	0.6%	0.26%
GT	C	0.07%	0.16%	0.07%
GXO	B	0.16%	0.19%	0.16%
HAE	C	0.12%	0.1%	0.1%
HGV	B	0.07%	0.06%	0.06%
HOG	D	0.2%	0.27%	0.2%
HQY	B	0.16%	0.26%	0.16%
HWC	B	0.09%	0.15%	0.09%
HXL	D	0.14%	0.17%	0.14%
IBKR	A	0.32%	0.48%	0.32%
IBOC	A	0.06%	0.13%	0.06%
INGR	B	0.42%	0.39%	0.39%
IRDM	D	0.12%	0.12%	0.12%
JAZZ	B	0.16%	0.28%	0.16%
JEF	A	0.11%	0.73%	0.11%
JHG	A	0.51%	0.37%	0.37%
JLL	D	0.34%	0.91%	0.34%
JWN	C	0.06%	0.15%	0.06%
KBH	D	0.2%	0.2%	0.2%
KBR	F	0.35%	0.34%	0.34%
KD	B	0.1%	0.37%	0.1%
KMPR	B	0.05%	0.27%	0.05%
KNF	A	0.13%	0.11%	0.11%
KRC	C	0.11%	0.3%	0.11%
LAD	A	0.22%	0.42%	0.22%
LEA	D	0.1%	0.38%	0.1%
LFUS	F	0.14%	0.13%	0.13%
LITE	B	0.1%	0.31%	0.1%
LIVN	F	0.05%	0.12%	0.05%
LPX	B	0.17%	0.15%	0.15%
LSTR	D	0.21%	0.14%	0.14%
M	D	0.13%	0.3%	0.13%
MAN	D	0.06%	0.21%	0.06%
MASI	A	0.06%	0.17%	0.06%
MAT	D	0.13%	0.27%	0.13%
MKSI	C	0.14%	0.24%	0.14%
MMS	F	0.04%	0.1%	0.04%
MTG	C	0.23%	0.28%	0.23%
MTN	C	0.2%	0.15%	0.15%
MTSI	B	0.09%	0.17%	0.09%
MTZ	B	0.17%	0.53%	0.17%
MUR	D	0.13%	0.18%	0.13%
NEOG	F	0.04%	0.2%	0.04%
NFG	A	0.2%	0.39%	0.2%
NJR	A	0.21%	0.32%	0.21%
NOV	C	0.15%	0.43%	0.15%
NOVT	D	0.19%	0.18%	0.18%
NVST	B	0.06%	0.25%	0.06%
NXST	C	0.09%	0.38%	0.09%
OGS	A	0.31%	0.28%	0.28%
OHI	C	0.19%	0.46%	0.19%
ONB	B	0.19%	0.43%	0.19%
OPCH	D	0.09%	0.12%	0.09%
ORA	B	0.11%	0.3%	0.11%
ORI	A	0.13%	0.59%	0.13%
OSK	B	0.3%	0.47%	0.3%
OZK	B	0.14%	0.16%	0.14%
PBF	D	0.06%	0.2%	0.06%
PCH	D	0.17%	0.21%	0.17%
PNFP	B	0.3%	0.34%	0.3%
POST	C	0.09%	0.36%	0.09%
POWI	D	0.06%	0.12%	0.06%
PRGO	B	0.07%	0.25%	0.07%
PSN	D	0.1%	0.1%	0.1%
PVH	C	0.16%	0.39%	0.16%
R	B	0.29%	0.45%	0.29%
RCM	F	0.06%	0.16%	0.06%
REXR	F	0.31%	0.4%	0.31%
RGA	A	0.3%	0.98%	0.3%
RGLD	C	0.29%	0.32%	0.29%
RH	B	0.06%	0.18%	0.06%
RLI	B	0.2%	0.16%	0.16%
RNR	C	0.24%	0.43%	0.24%
ROIV	C	0.06%	0.13%	0.06%
RRX	B	0.15%	0.78%	0.15%
RYN	D	0.05%	0.18%	0.05%
SBRA	C	0.08%	0.32%	0.08%
SCI	B	0.27%	0.41%	0.27%
SF	B	0.18%	0.75%	0.18%
SFM	A	0.43%	0.53%	0.43%
SIGI	C	0.29%	0.18%	0.18%
SLM	A	0.16%	0.2%	0.16%
SNV	B	0.3%	0.51%	0.3%
SNX	C	0.08%	0.62%	0.08%
SON	D	0.11%	0.36%	0.11%
SR	A	0.14%	0.26%	0.14%
SRPT	D	0.18%	0.17%	0.17%
SSB	B	0.27%	0.52%	0.27%
ST	F	0.08%	0.37%	0.08%
STWD	C	0.1%	0.44%	0.1%
SWX	B	0.13%	0.31%	0.13%
TEX	D	0.08%	0.11%	0.08%
THC	D	0.23%	1.05%	0.23%
THG	A	0.18%	0.38%	0.18%
THO	B	0.12%	0.39%	0.12%
TKO	B	0.16%	0.31%	0.16%
TMHC	B	0.17%	0.5%	0.17%
TNL	A	0.16%	0.07%	0.07%
UAA	C	0.05%	0.11%	0.05%
UBSI	B	0.17%	0.36%	0.17%
UGI	A	0.24%	0.36%	0.24%
UMBF	B	0.27%	0.34%	0.27%
UNM	A	0.25%	0.77%	0.25%
USFD	A	0.49%	1.06%	0.49%
VAC	B	0.08%	0.18%	0.08%
VC	D	0.1%	0.1%	0.1%
VLY	B	0.15%	0.29%	0.15%
VMI	B	0.13%	0.44%	0.13%
VNO	B	0.09%	0.48%	0.09%
VOYA	B	0.16%	0.33%	0.16%
WAL	B	0.22%	0.31%	0.22%
WBS	A	0.27%	0.63%	0.27%
WCC	B	0.24%	0.6%	0.24%
WEN	D	0.09%	0.11%	0.09%
WH	B	0.15%	0.17%	0.15%
WHR	B	0.2%	0.4%	0.2%
WTFC	A	0.07%	0.54%	0.07%
WU	D	0.07%	0.26%	0.07%
X	C	0.14%	0.61%	0.14%
XPO	B	0.33%	0.57%	0.33%
XRAY	F	0.05%	0.33%	0.05%
YETI	C	0.12%	0.08%	0.08%
ZI	D	0.09%	0.15%	0.09%
ZION	B	0.2%	0.54%	0.2%

ESML Overweight 697 Positions Relative to IVOV

Symbol	Grade	Weight
CASY	A	0.52%
CVNA	B	0.48%
GWRE	A	0.43%
FIX	A	0.38%
NTNX	A	0.36%
FTI	A	0.35%
MUSA	A	0.34%
FLEX	A	0.33%
FRT	B	0.31%
NTRA	B	0.31%
BWXT	B	0.3%
BMI	B	0.3%
TPR	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
SAIA	B	0.28%
ITT	A	0.28%
TOL	B	0.27%
AXTA	A	0.27%
BLD	D	0.26%
ALSN	B	0.26%
MWA	B	0.25%
WEX	D	0.25%
AAON	B	0.25%
RRC	B	0.25%
PRGS	A	0.24%
FTAI	B	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
HRI	B	0.24%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	B	0.23%
PRI	A	0.23%
AWI	A	0.23%
ALK	C	0.23%
SOFI	A	0.22%
FTDR	A	0.22%
GNRC	B	0.22%
FELE	B	0.22%
CMA	A	0.21%
WMS	D	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	D	0.21%
RHI	B	0.21%
ITRI	B	0.2%
FND	C	0.2%
LECO	B	0.2%
KNSL	B	0.2%
FBP	B	0.2%
PLNT	A	0.2%
TGNA	B	0.2%
OMF	A	0.2%
PCTY	B	0.2%
BHLB	B	0.2%
ENSG	D	0.2%
HHH	B	0.2%
WK	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
WING	D	0.19%
FCN	D	0.19%
LUMN	C	0.19%
HAS	D	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	D	0.19%
SNDR	B	0.19%
FRPT	B	0.19%
GPI	A	0.19%
RHP	B	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	B	0.19%
BANR	B	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%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
MTH	D	0.17%
AEIS	B	0.17%
LAZ	B	0.17%
FN	D	0.17%
PCOR	B	0.17%
PEN	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
VVV	F	0.17%
MSA	D	0.17%
WSC	D	0.17%
KTB	B	0.16%
RGEN	D	0.16%
MYRG	B	0.16%
DBX	B	0.16%
TTEK	F	0.16%
EAT	A	0.16%
SPSC	C	0.16%
ACIW	B	0.16%
BCC	B	0.16%
BHE	B	0.16%
SITE	D	0.16%
ELAN	D	0.16%
CFLT	B	0.15%
ECG	C	0.15%
MEDP	D	0.15%
CROX	D	0.15%
CPF	A	0.15%
MMSI	B	0.15%
FSS	B	0.15%
ANF	C	0.15%
VNT	B	0.15%
FIBK	A	0.15%
CRS	A	0.15%
LSCC	D	0.15%
HNI	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
WFRD	D	0.15%
GTLB	B	0.15%
PINC	B	0.14%
BECN	B	0.14%
CHDN	B	0.14%
GTLS	B	0.14%
ESI	A	0.14%
RYAN	B	0.14%
TPH	D	0.14%
SMAR	A	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
IBCP	B	0.14%
BILL	A	0.14%
IDCC	A	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	D	0.14%
JXN	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
AVAV	D	0.13%
HESM	B	0.13%
EPAC	B	0.13%
CAVA	B	0.13%
AIT	A	0.13%
STRL	B	0.13%
PDCO	D	0.13%
LRN	A	0.13%
KLIC	B	0.13%
ITGR	B	0.13%
AZEK	A	0.13%
CPK	A	0.13%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
ELF	C	0.13%
CABO	C	0.13%
HIW	D	0.13%
CVBF	A	0.12%
AGNC	D	0.12%
OLLI	D	0.12%
DFIN	D	0.12%
QTWO	A	0.12%
KOS	F	0.12%
RKLB	B	0.12%
WGO	C	0.12%
WHD	B	0.12%
S	B	0.12%
GL	B	0.12%
ABG	B	0.12%
CRDO	B	0.12%
WERN	C	0.12%
MTX	B	0.12%
ADT	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
PEGA	A	0.11%
PATH	C	0.11%
TXRH	C	0.11%
DXC	B	0.11%
ABCB	B	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%
ECPG	B	0.11%
EFSC	B	0.11%
MRCY	B	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	B	0.11%
RXO	C	0.1%
NWL	B	0.1%
TDC	D	0.1%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
AROC	B	0.1%
SCL	C	0.1%
RVMD	C	0.1%
HCP	B	0.1%
TENB	C	0.1%
ALKS	B	0.1%
TRN	C	0.1%
FA	C	0.1%
SSD	D	0.1%
DV	C	0.1%
CAC	B	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%
CRC	B	0.1%
PFSI	D	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
SIG	B	0.1%
AMAL	B	0.1%
LCII	C	0.1%
ALTM	C	0.1%
LNTH	D	0.1%
FIVE	F	0.1%
OGN	D	0.09%
RNA	D	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
U	C	0.09%
KFY	B	0.09%
CNK	B	0.09%
SHAK	C	0.09%
RDN	C	0.09%
MGRC	B	0.09%
CURB	D	0.09%
SLAB	D	0.09%
ESE	B	0.09%
RL	B	0.09%
SJW	D	0.09%
ATKR	C	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	B	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	D	0.08%
KTOS	B	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
IESC	B	0.08%
BL	B	0.08%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	B	0.08%
ACLX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
BPOP	B	0.08%
INTA	A	0.08%
ALG	B	0.08%
SASR	B	0.08%
TNET	D	0.08%
PLYA	B	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
INDB	B	0.08%
CHWY	B	0.08%
INSP	D	0.08%
TDS	B	0.08%
PIPR	B	0.08%
TARS	B	0.08%
PRKS	C	0.08%
BWIN	D	0.08%
AEO	F	0.08%
HR	C	0.08%
NTGR	B	0.08%
UNIT	B	0.08%
BOH	B	0.08%
LNN	B	0.08%
STC	B	0.08%
MAC	B	0.08%
PRCT	B	0.08%
JBT	B	0.08%
GVA	A	0.08%
ZD	C	0.08%
PLMR	B	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	B	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
RARE	D	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
HAFC	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%
SONO	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
HIMS	B	0.07%
MHK	D	0.07%
HWKN	B	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%
CTS	C	0.07%
WRBY	B	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%
UNFI	A	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%
AAP	C	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%
VRTS	B	0.06%
SATS	D	0.06%
W	F	0.06%
MBUU	C	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
AXSM	B	0.06%
MOV	C	0.06%
AGIO	C	0.06%
NRIX	D	0.06%
LXP	D	0.06%
VRNT	C	0.06%
COKE	C	0.06%
CMCO	B	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%
NBTB	B	0.06%
CLNE	D	0.06%
CMP	C	0.06%
MGNI	A	0.06%
AGO	B	0.06%
CAKE	C	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	C	0.06%
ANDE	D	0.06%
FROG	C	0.06%
SFBS	B	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	D	0.06%
SMTC	B	0.06%
PLUS	F	0.06%
OWL	A	0.06%
PPBI	B	0.06%
ACVA	B	0.06%
SM	B	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%
TALO	C	0.06%
TGI	B	0.06%
BYD	C	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	C	0.06%
KE	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%
VRDN	D	0.06%
VERX	B	0.06%
PDM	D	0.06%
PAHC	C	0.06%
UPBD	B	0.06%
CALM	A	0.06%
WD	D	0.06%
VVI	C	0.06%
COMP	B	0.06%
OII	B	0.06%
PAYO	A	0.06%
BANC	A	0.06%
CBU	B	0.06%
NARI	C	0.06%
SWTX	C	0.05%
KLG	C	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	D	0.05%
HZO	D	0.05%
BNL	D	0.05%
AXL	C	0.05%
ARVN	D	0.05%
PBI	B	0.05%
NUVB	C	0.05%
THRM	D	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
HLX	B	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%
ARCB	C	0.05%
CDE	D	0.05%
CLVT	F	0.05%
GOGO	C	0.05%
PSMT	C	0.05%
ACEL	C	0.05%
BASE	C	0.05%
WNC	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%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	C	0.05%
BEAM	D	0.05%
AWR	B	0.05%
XPEL	C	0.05%
PFS	B	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%
MRC	B	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	D	0.05%
SMP	B	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%
SLVM	B	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	B	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
ADUS	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	0.05%
MDGL	B	0.05%
ASTE	B	0.05%
CUBI	C	0.05%
ARWR	F	0.05%
KVYO	C	0.05%
LOPE	B	0.05%
UFPT	B	0.05%
RNG	B	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
TNC	D	0.05%
ARQT	C	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%
NBHC	B	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CIVI	D	0.05%
CRAI	B	0.05%
RCKT	F	0.04%
OMI	F	0.04%
FOXF	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
FORM	D	0.04%
BKD	D	0.04%
CAL	D	0.04%
HOUS	D	0.04%
GPRE	F	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%
EGY	D	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%
MTUS	C	0.04%
AMN	F	0.04%
OSCR	D	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%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	D	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
CWT	D	0.04%
THS	D	0.04%
UCB	A	0.04%
KRYS	B	0.04%
RXRX	F	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	D	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%
CDNA	D	0.03%
SVRA	D	0.03%
PHAT	F	0.03%
CRMT	C	0.03%
APLS	D	0.03%
CCRN	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	F	0.03%
STAA	F	0.03%
JELD	F	0.03%
KELYA	F	0.03%
AGL	F	0.02%
MC	C	0.02%
NOVA	F	0.02%
VSAT	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 78 Positions Relative to IVOV

Symbol	Grade	Weight
ILMN	D	-1.62%
FNF	B	-1.1%
DOCU	A	-1.0%
PFGC	B	-0.89%
WPC	D	-0.86%
CNH	C	-0.69%
ALLY	C	-0.68%
AFG	A	-0.66%
UTHR	C	-0.64%
AAL	B	-0.62%
AVTR	F	-0.62%
KNX	B	-0.59%
OGE	B	-0.57%
GLPI	C	-0.55%
ACM	A	-0.54%
RPM	A	-0.53%
TPL	A	-0.51%
PB	A	-0.49%
EQH	B	-0.48%
BIO	D	-0.48%
FBIN	D	-0.44%
BURL	A	-0.44%
G	B	-0.44%
DINO	D	-0.44%
CCK	C	-0.42%
KRG	B	-0.4%
SRCL	C	-0.4%
CG	A	-0.39%
BMRN	D	-0.39%
DKS	C	-0.38%
FNB	A	-0.37%
WTRG	B	-0.36%
HOMB	A	-0.36%
NNN	D	-0.35%
SAIC	F	-0.34%
LAMR	D	-0.34%
POR	C	-0.34%
ELS	C	-0.33%
TTC	D	-0.31%
IRT	A	-0.31%
AMH	D	-0.31%
SLGN	A	-0.3%
BKH	A	-0.29%
PNM	F	-0.28%
KEX	C	-0.27%
PII	D	-0.26%
SEIC	B	-0.26%
ALE	A	-0.26%
MIDD	C	-0.25%
TCBI	B	-0.25%
IDA	A	-0.24%
STAG	F	-0.24%
TKR	D	-0.23%
NWE	B	-0.23%
FHI	A	-0.22%
PAG	B	-0.2%
OLN	D	-0.2%
BHF	B	-0.2%
AMKR	D	-0.2%
GHC	C	-0.2%
CXT	B	-0.19%
ALV	C	-0.19%
GNTX	C	-0.18%
ENS	D	-0.16%
SMG	D	-0.16%
ALGM	D	-0.15%
VSH	D	-0.14%
PPC	C	-0.14%
EEFT	B	-0.13%
MSM	C	-0.12%
LANC	C	-0.12%
NSA	D	-0.11%
SYNA	C	-0.11%
SAM	C	-0.1%
NSP	D	-0.1%
IPGP	D	-0.09%
UA	C	-0.07%
WMG	C	-0.07%