ESML vs. REVS ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Columbia Research Enhanced Value ETF (REVS)

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

REVS

Columbia Research Enhanced Value ETF

REVS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta AdvantageÂ® Research Enhanced U.S. Value Index. The fund invests at least 80% of its assets in the securities of the index. The index reflects a rules-based strategic beta approach to investing in the companies that comprise the Russell 1000Â® Value Index, designed to achieve stronger total return when compared to the Russell 1000Â® Value Index, which is a broad measure of the performance of U.S. large- and mid-cap value companies.

Grade (RS Rating)

Last Trade

$26.74

Average Daily Volume

10,423

Number of Holdings ^*

304

* may have additional holdings in another (foreign) market

Performance

Period	ESML	REVS
30 Days	8.75%	4.40%
60 Days	8.59%	6.20%
90 Days	9.69%	7.64%
12 Months	34.45%	31.68%

90 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in REVS	Overlap
ALSN	B	0.26%	0.11%	0.11%
AMG	B	0.18%	0.05%	0.05%
ARMK	B	0.24%	0.12%	0.12%
ASH	D	0.04%	0.05%	0.04%
AXS	A	0.19%	0.06%	0.06%
AYI	B	0.32%	0.11%	0.11%
AZTA	D	0.07%	0.03%	0.03%
BILL	A	0.15%	0.1%	0.1%
BLD	D	0.25%	0.12%	0.12%
BRBR	A	0.1%	0.12%	0.1%
BRX	A	0.16%	0.12%	0.12%
CACI	D	0.2%	0.11%	0.11%
CIEN	B	0.18%	0.14%	0.14%
CIVI	D	0.05%	0.02%	0.02%
CLF	F	0.06%	0.05%	0.05%
CNM	D	0.23%	0.03%	0.03%
COKE	C	0.06%	0.09%	0.06%
COLB	A	0.13%	0.06%	0.06%
COLM	B	0.06%	0.03%	0.03%
CRI	D	0.04%	0.02%	0.02%
CROX	D	0.15%	0.06%	0.06%
CRUS	D	0.15%	0.08%	0.08%
CVNA	B	0.48%	0.2%	0.2%
CW	B	0.23%	0.15%	0.15%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.05%	0.04%	0.04%
CWEN	C	0.05%	0.02%	0.02%
CWEN	C	0.07%	0.04%	0.04%
DBX	B	0.15%	0.06%	0.06%
DCI	B	0.24%	0.1%	0.1%
EPR	D	0.05%	0.04%	0.04%
EWBC	A	0.4%	0.13%	0.13%
EXP	A	0.06%	0.03%	0.03%
FHN	A	0.23%	0.1%	0.1%
FLS	B	0.16%	0.09%	0.09%
FTI	A	0.37%	0.07%	0.07%
GAP	C	0.12%	0.05%	0.05%
GL	B	0.12%	0.09%	0.09%
GNRC	B	0.21%	0.06%	0.06%
GTES	A	0.07%	0.05%	0.05%
HIW	D	0.13%	0.04%	0.04%
HRB	D	0.18%	0.07%	0.07%
INFA	D	0.05%	0.02%	0.02%
INGR	B	0.4%	0.11%	0.11%
IONS	F	0.04%	0.0%	0.0%
JAZZ	B	0.16%	0.09%	0.09%
JHG	A	0.5%	0.05%	0.05%
JLL	D	0.33%	0.11%	0.11%
KRC	C	0.11%	0.06%	0.06%
LEA	D	0.1%	0.06%	0.06%
LECO	B	0.2%	0.09%	0.09%
LNC	B	0.09%	0.05%	0.05%
LPX	B	0.17%	0.03%	0.03%
LSCC	D	0.15%	0.01%	0.01%
M	D	0.12%	0.05%	0.05%
MHK	D	0.07%	0.08%	0.07%
MSA	D	0.17%	0.07%	0.07%
MTG	C	0.23%	0.06%	0.06%
NTNX	A	0.36%	0.18%	0.18%
NYT	C	0.17%	0.06%	0.06%
OGN	D	0.08%	0.05%	0.05%
OLED	D	0.08%	0.06%	0.06%
OZK	B	0.14%	0.05%	0.05%
PATH	C	0.11%	0.01%	0.01%
PINC	B	0.13%	0.03%	0.03%
PK	B	0.06%	0.04%	0.04%
PRGO	B	0.07%	0.05%	0.05%
PVH	C	0.16%	0.06%	0.06%
R	B	0.28%	0.07%	0.07%
RGA	A	0.29%	0.14%	0.14%
RL	B	0.09%	0.1%	0.09%
ROIV	C	0.06%	0.02%	0.02%
RYN	D	0.05%	0.06%	0.05%
SF	B	0.17%	0.11%	0.11%
SLM	A	0.16%	0.05%	0.05%
SNX	C	0.08%	0.13%	0.08%
SON	D	0.11%	0.07%	0.07%
THC	D	0.21%	0.18%	0.18%
THO	B	0.12%	0.07%	0.07%
TNL	A	0.16%	0.04%	0.04%
TOL	B	0.26%	0.18%	0.18%
TPR	B	0.28%	0.15%	0.15%
UGI	A	0.25%	0.09%	0.09%
UNM	A	0.25%	0.12%	0.12%
WCC	B	0.23%	0.1%	0.1%
WH	B	0.14%	0.08%	0.08%
WTFC	A	0.07%	0.08%	0.07%
WU	D	0.07%	0.03%	0.03%
XRAY	F	0.05%	0.05%	0.05%
ZION	B	0.2%	0.08%	0.08%

ESML Overweight 816 Positions Relative to REVS

Symbol	Grade	Weight
CASY	A	0.53%
USFD	A	0.5%
SFM	A	0.44%
GWRE	A	0.44%
FIX	A	0.42%
KBR	F	0.35%
FLEX	A	0.35%
NTRA	B	0.34%
MUSA	A	0.34%
IBKR	A	0.34%
XPO	B	0.33%
OGS	A	0.32%
GBCI	B	0.3%
SNV	B	0.3%
DTM	B	0.3%
BWXT	B	0.3%
RGLD	C	0.3%
REXR	F	0.3%
FRT	B	0.3%
OSK	B	0.29%
ITT	A	0.29%
SUM	B	0.29%
CNX	A	0.29%
COHR	B	0.29%
BMI	B	0.29%
PNFP	B	0.29%
AFRM	B	0.28%
EHC	B	0.28%
SAIA	B	0.28%
AVT	C	0.27%
SSB	B	0.27%
BJ	A	0.27%
WBS	A	0.27%
SCI	B	0.27%
SIGI	C	0.27%
FTAI	B	0.26%
AXTA	A	0.26%
GPK	C	0.26%
UMBF	B	0.26%
RRC	B	0.26%
MWA	B	0.25%
AAON	B	0.25%
IVZ	B	0.24%
PRGS	A	0.24%
SOFI	A	0.24%
MOG.A	B	0.24%
HRI	B	0.24%
AR	B	0.24%
NCLH	B	0.24%
RNR	C	0.24%
WEX	D	0.24%
ALK	C	0.23%
CBSH	A	0.23%
PRI	A	0.23%
EXLS	B	0.23%
REZI	A	0.23%
ATR	B	0.23%
AWI	A	0.23%
CUZ	B	0.22%
CVLT	B	0.22%
LAD	A	0.22%
FTDR	A	0.22%
CMC	B	0.22%
NJR	A	0.22%
PLNT	A	0.21%
WTS	B	0.21%
RHI	B	0.21%
BFAM	D	0.21%
NFG	A	0.21%
ONTO	D	0.21%
CDP	C	0.21%
AA	B	0.21%
GME	C	0.21%
INSM	C	0.21%
WAL	B	0.21%
FELE	B	0.21%
HOG	D	0.2%
KBH	D	0.2%
FRPT	B	0.2%
BDC	B	0.2%
PCTY	B	0.2%
FBP	B	0.2%
PCVX	D	0.2%
BHLB	B	0.2%
EGP	F	0.2%
CMA	A	0.2%
LSTR	D	0.2%
CR	A	0.2%
KNSL	B	0.2%
CUBE	D	0.2%
MTN	C	0.2%
OMF	A	0.2%
NVT	B	0.2%
TGNA	B	0.2%
ENSG	D	0.2%
FND	C	0.2%
WMS	D	0.2%
HHH	B	0.2%
ZWS	B	0.2%
RLI	B	0.2%
WK	B	0.2%
ENLC	A	0.19%
FCN	D	0.19%
WING	D	0.19%
GPI	A	0.19%
DAR	C	0.19%
LNW	D	0.19%
DUOL	A	0.19%
OHI	C	0.19%
WWD	B	0.19%
WHR	B	0.19%
ITRI	B	0.19%
AVA	A	0.19%
RHP	B	0.19%
SNDR	B	0.19%
PR	B	0.19%
KNTK	B	0.19%
CNO	A	0.19%
MDU	D	0.19%
PCOR	B	0.18%
SRPT	D	0.18%
ESTC	C	0.18%
MORN	B	0.18%
BERY	B	0.18%
MOD	A	0.18%
THG	A	0.18%
GATX	A	0.18%
MTZ	B	0.18%
ONB	B	0.18%
GKOS	B	0.18%
HAS	D	0.18%
EPRT	B	0.18%
TKO	B	0.18%
NOVT	D	0.18%
SPXC	A	0.18%
TMHC	B	0.17%
PCH	D	0.17%
UBSI	B	0.17%
CHX	C	0.17%
LAZ	B	0.17%
VFC	C	0.17%
DLB	B	0.17%
LUMN	C	0.17%
ASB	B	0.17%
HQY	B	0.17%
BWA	D	0.17%
WSC	D	0.17%
BANR	B	0.17%
PEN	B	0.17%
PLXS	B	0.17%
WFRD	D	0.16%
CRS	A	0.16%
BHE	B	0.16%
BCC	B	0.16%
FAF	A	0.16%
MTH	D	0.16%
SITE	D	0.16%
ACIW	B	0.16%
VOYA	B	0.16%
GXO	B	0.16%
GTLB	B	0.16%
ECG	C	0.16%
SPSC	C	0.16%
AEIS	B	0.16%
EAT	A	0.16%
PRIM	A	0.15%
SR	A	0.15%
VNT	B	0.15%
ATI	D	0.15%
CPF	A	0.15%
MEDP	D	0.15%
ITCI	C	0.15%
KTB	B	0.15%
X	C	0.15%
FMC	D	0.15%
RKLB	B	0.15%
FIBK	A	0.15%
HNI	B	0.15%
RRX	B	0.15%
NOV	C	0.15%
MMSI	B	0.15%
VVV	F	0.15%
FN	D	0.15%
MYRG	B	0.15%
FSS	B	0.15%
RGEN	D	0.15%
ELAN	D	0.15%
CFLT	B	0.15%
AM	A	0.15%
TTEK	F	0.15%
CHE	D	0.14%
CHDN	B	0.14%
KNF	A	0.14%
CZR	F	0.14%
KLIC	B	0.14%
TPH	D	0.14%
ESI	A	0.14%
AZEK	A	0.14%
SMAR	A	0.14%
STRL	B	0.14%
RYAN	B	0.14%
AGCO	D	0.14%
IBCP	B	0.14%
ALTR	B	0.14%
JXN	C	0.14%
TPX	B	0.14%
GTLS	B	0.14%
MKSI	C	0.14%
RMBS	C	0.14%
IDCC	A	0.14%
CADE	B	0.14%
NPO	A	0.14%
BECN	B	0.14%
ACA	A	0.14%
ANF	C	0.14%
VLY	B	0.14%
QTWO	A	0.13%
AIT	A	0.13%
CBT	C	0.13%
BOX	B	0.13%
FYBR	D	0.13%
BRKR	D	0.13%
MUR	D	0.13%
LFUS	F	0.13%
ITGR	B	0.13%
CABO	C	0.13%
ASGN	F	0.13%
HESM	B	0.13%
ELF	C	0.13%
VMI	B	0.13%
SWX	B	0.13%
ORI	A	0.13%
CAVA	B	0.13%
PDCO	D	0.13%
HXL	D	0.13%
LRN	A	0.13%
CRDO	B	0.13%
BCPC	B	0.13%
CPK	A	0.13%
WTM	A	0.13%
YETI	C	0.12%
HAE	C	0.12%
RDUS	C	0.12%
AGNC	D	0.12%
CVBF	A	0.12%
DFIN	D	0.12%
KD	B	0.12%
AVAV	D	0.12%
EVR	B	0.12%
WERN	C	0.12%
ABG	B	0.12%
BLKB	B	0.12%
NSIT	F	0.12%
ADT	C	0.12%
MTX	B	0.12%
WHD	B	0.12%
S	B	0.12%
MAT	D	0.12%
FULT	A	0.12%
EPAC	B	0.12%
CSGS	B	0.11%
CRNX	C	0.11%
AUB	B	0.11%
MARA	C	0.11%
DXC	B	0.11%
ORA	B	0.11%
AROC	B	0.11%
SHOO	D	0.11%
LCII	C	0.11%
ABCB	B	0.11%
LBRDA	C	0.11%
WDFC	B	0.11%
JEF	A	0.11%
MRCY	B	0.11%
FLR	B	0.11%
CCOI	B	0.11%
ECPG	B	0.11%
LNTH	D	0.11%
IRDM	D	0.11%
GMED	A	0.11%
OLLI	D	0.11%
APPF	B	0.11%
EFSC	B	0.11%
CYTK	F	0.11%
WGO	C	0.11%
ADC	B	0.11%
KOS	F	0.11%
KAR	B	0.11%
RXO	C	0.1%
RVMD	C	0.1%
PJT	A	0.1%
VECO	F	0.1%
SCL	C	0.1%
HCP	B	0.1%
TRN	C	0.1%
TDC	D	0.1%
TENB	C	0.1%
CAC	B	0.1%
FIVE	F	0.1%
FUL	F	0.1%
LYFT	C	0.1%
SSD	D	0.1%
HASI	D	0.1%
DV	C	0.1%
DY	D	0.1%
CGNX	C	0.1%
APAM	B	0.1%
TRNO	F	0.1%
STWD	C	0.1%
TXRH	C	0.1%
U	C	0.1%
AMAL	B	0.1%
ETSY	D	0.1%
LITE	B	0.1%
PSN	D	0.1%
FA	C	0.1%
RDNT	B	0.1%
CRC	B	0.1%
AL	B	0.1%
SLG	B	0.1%
XENE	D	0.1%
VKTX	F	0.1%
ALTM	C	0.1%
PFSI	D	0.1%
SIG	B	0.1%
DRS	B	0.1%
PEGA	A	0.1%
DNLI	D	0.09%
INSP	D	0.09%
GVA	A	0.09%
RDN	C	0.09%
KFY	B	0.09%
ABM	B	0.09%
LNN	B	0.09%
AVPT	A	0.09%
TDS	B	0.09%
CNK	B	0.09%
ZI	D	0.09%
MGRC	B	0.09%
ARW	D	0.09%
SLAB	D	0.09%
NMIH	D	0.09%
BRC	D	0.09%
PLMR	B	0.09%
UNIT	B	0.09%
CHWY	B	0.09%
FR	C	0.09%
CURB	D	0.09%
HWC	B	0.09%
MIR	A	0.09%
POWL	C	0.09%
OPCH	D	0.09%
POST	C	0.09%
UPST	B	0.09%
PRCT	B	0.09%
NXST	C	0.09%
MTSI	B	0.09%
ACHC	F	0.09%
VC	D	0.09%
SJW	D	0.09%
BHVN	D	0.09%
IMAX	B	0.09%
NXT	C	0.09%
BE	B	0.09%
IBP	D	0.09%
ESE	B	0.09%
NWL	B	0.09%
CFR	B	0.09%
HALO	F	0.09%
CRVL	A	0.09%
ALKS	B	0.09%
TILE	B	0.08%
CRSP	D	0.08%
UEC	B	0.08%
KOP	C	0.08%
CCCS	B	0.08%
SASR	B	0.08%
PRVA	B	0.08%
AEO	F	0.08%
BPMC	C	0.08%
ENR	B	0.08%
VCTR	B	0.08%
DOCS	C	0.08%
BXMT	C	0.08%
TBBK	B	0.08%
BL	B	0.08%
IESC	B	0.08%
BROS	B	0.08%
NWN	A	0.08%
PRKS	C	0.08%
KTOS	B	0.08%
ERII	D	0.08%
BPOP	B	0.08%
WRBY	B	0.08%
PAR	B	0.08%
VAC	B	0.08%
ALG	B	0.08%
LBPH	A	0.08%
PLYA	B	0.08%
INDB	B	0.08%
TEX	D	0.08%
TARS	B	0.08%
HIMS	B	0.08%
INTA	A	0.08%
NTGR	B	0.08%
ENOV	C	0.08%
UNFI	A	0.08%
BOH	B	0.08%
PIPR	B	0.08%
HR	C	0.08%
STC	B	0.08%
AUR	C	0.08%
ZD	C	0.08%
AZZ	B	0.08%
MAC	B	0.08%
VNO	B	0.08%
JBT	B	0.08%
WEN	D	0.08%
AMED	F	0.08%
ATKR	C	0.08%
BWIN	D	0.08%
SHAK	C	0.08%
RNST	B	0.08%
VSCO	B	0.07%
TDOC	C	0.07%
ICFI	F	0.07%
AAT	B	0.07%
OII	B	0.07%
GT	C	0.07%
MASI	A	0.07%
SEE	C	0.07%
CALM	A	0.07%
SKT	B	0.07%
SONO	C	0.07%
TREX	C	0.07%
SG	B	0.07%
RH	B	0.07%
PECO	A	0.07%
CWK	B	0.07%
VERX	B	0.07%
ESNT	D	0.07%
HAFC	A	0.07%
AVNT	B	0.07%
ESRT	C	0.07%
PAYO	A	0.07%
FOUR	B	0.07%
ROG	D	0.07%
VVX	C	0.07%
FIVN	C	0.07%
VREX	C	0.07%
CMP	C	0.07%
ACLX	C	0.07%
XHR	B	0.07%
CTS	C	0.07%
GH	B	0.07%
HWKN	B	0.07%
BC	C	0.07%
BDN	C	0.07%
ATRC	C	0.07%
AMWD	C	0.07%
EE	A	0.07%
SXT	B	0.07%
RNA	D	0.07%
SEM	B	0.07%
ST	F	0.07%
SPB	C	0.07%
EWTX	C	0.07%
ICUI	D	0.07%
AN	C	0.07%
HBI	B	0.07%
IOSP	B	0.07%
EVRI	A	0.07%
OUT	A	0.07%
VSEC	C	0.07%
PI	D	0.07%
SBRA	C	0.07%
TNET	D	0.07%
MRUS	F	0.06%
LXP	D	0.06%
CBZ	B	0.06%
CMCO	B	0.06%
PRO	C	0.06%
CC	C	0.06%
AGIO	C	0.06%
AXSM	B	0.06%
PTCT	B	0.06%
MBUU	C	0.06%
HCC	B	0.06%
POWI	D	0.06%
NBTB	B	0.06%
CLH	B	0.06%
ATEN	B	0.06%
VRDN	D	0.06%
MGNI	A	0.06%
COLD	D	0.06%
ALKT	B	0.06%
ATGE	B	0.06%
SFBS	B	0.06%
MXL	C	0.06%
TMCI	D	0.06%
WT	B	0.06%
PBF	D	0.06%
MDGL	B	0.06%
RUSHB	B	0.06%
AGO	B	0.06%
AIR	B	0.06%
ZYME	C	0.06%
CALX	D	0.06%
IRON	B	0.06%
VBTX	B	0.06%
CHH	A	0.06%
PYCR	C	0.06%
HAIN	C	0.06%
FROG	C	0.06%
FNA	C	0.06%
ANDE	D	0.06%
CWAN	B	0.06%
PLUS	F	0.06%
AGYS	A	0.06%
CART	C	0.06%
MNKD	C	0.06%
VRNS	D	0.06%
SATS	D	0.06%
BYD	C	0.06%
PPBI	B	0.06%
HURN	B	0.06%
PAHC	C	0.06%
TALO	C	0.06%
MAN	D	0.06%
CCS	D	0.06%
FUN	C	0.06%
BOOT	D	0.06%
VVI	C	0.06%
SM	B	0.06%
W	F	0.06%
KE	C	0.06%
APG	B	0.06%
ENV	B	0.06%
HELE	C	0.06%
AVDX	B	0.06%
PEB	D	0.06%
PDM	D	0.06%
FRSH	C	0.06%
BKU	A	0.06%
KREF	D	0.06%
WD	D	0.06%
IBOC	A	0.06%
FLYW	C	0.06%
NVST	B	0.06%
TGTX	B	0.06%
RARE	D	0.06%
EYE	C	0.06%
FFIN	B	0.06%
OWL	A	0.06%
ADMA	B	0.06%
LBRDK	C	0.06%
SMTC	B	0.06%
CLB	B	0.06%
ACVA	B	0.06%
HI	C	0.06%
UPBD	B	0.06%
CBU	B	0.06%
BANC	A	0.06%
DEA	D	0.06%
HGV	B	0.06%
NARI	C	0.06%
COMP	B	0.06%
AI	B	0.06%
TGI	B	0.06%
ALHC	C	0.06%
GBX	A	0.06%
VNOM	A	0.06%
LGF.A	C	0.05%
ARVN	D	0.05%
MNRO	D	0.05%
FTRE	D	0.05%
BNL	D	0.05%
RXST	F	0.05%
AXL	C	0.05%
PLOW	D	0.05%
THS	D	0.05%
CPRX	C	0.05%
RUN	F	0.05%
PGRE	F	0.05%
PENN	C	0.05%
NRIX	D	0.05%
ARCB	C	0.05%
ALRM	C	0.05%
KLG	C	0.05%
ACEL	C	0.05%
TMDX	F	0.05%
WNC	C	0.05%
JANX	C	0.05%
EMBC	C	0.05%
DOCN	D	0.05%
MLTX	B	0.05%
FLG	C	0.05%
ZEUS	C	0.05%
MLNK	B	0.05%
SMP	B	0.05%
PBI	B	0.05%
PFS	B	0.05%
TWST	D	0.05%
CNMD	C	0.05%
PSMT	C	0.05%
KYMR	D	0.05%
ICHR	C	0.05%
MPW	F	0.05%
XPEL	C	0.05%
PLAY	D	0.05%
OMCL	C	0.05%
SLNO	B	0.05%
CSTL	D	0.05%
TROX	D	0.05%
SAVA	D	0.05%
DGII	B	0.05%
AWR	B	0.05%
ARKO	C	0.05%
REVG	B	0.05%
SBH	C	0.05%
GOGO	C	0.05%
HLX	B	0.05%
MODG	F	0.05%
ASAN	C	0.05%
NEO	C	0.05%
PTGX	C	0.05%
INFN	C	0.05%
AMBC	C	0.05%
LCID	F	0.05%
UAA	C	0.05%
BGC	C	0.05%
EDR	A	0.05%
PRG	C	0.05%
RNG	B	0.05%
WKC	D	0.05%
MMI	B	0.05%
MTTR	B	0.05%
CDE	D	0.05%
CLSK	C	0.05%
ZUO	B	0.05%
GERN	D	0.05%
PDFS	C	0.05%
IART	C	0.05%
AAP	C	0.05%
ELVN	D	0.05%
KROS	D	0.05%
HAYW	B	0.05%
LIVN	F	0.05%
ADUS	D	0.05%
MRC	B	0.05%
LEG	F	0.05%
RUSHA	C	0.05%
VYX	B	0.05%
SPR	D	0.05%
CAR	C	0.05%
LOPE	B	0.05%
GO	C	0.05%
ASTE	B	0.05%
YELP	C	0.05%
UFPT	B	0.05%
XPRO	F	0.05%
MHO	D	0.05%
FFBC	A	0.05%
INVX	C	0.05%
KVYO	C	0.05%
BASE	C	0.05%
VSTS	C	0.05%
CUBI	C	0.05%
MTRN	C	0.05%
DCO	C	0.05%
VERA	B	0.05%
HLIT	D	0.05%
NBHC	B	0.05%
NCNO	B	0.05%
KMPR	B	0.05%
DNOW	B	0.05%
TNC	D	0.05%
SLVM	B	0.05%
GEF	A	0.05%
SKY	A	0.05%
DLX	B	0.05%
IDYA	F	0.05%
CLNE	D	0.05%
VRNT	C	0.05%
RBBN	C	0.05%
EXPO	D	0.05%
JBGS	D	0.05%
PNTG	D	0.05%
VRRM	D	0.05%
CECO	A	0.05%
AORT	B	0.05%
CRAI	B	0.05%
JWN	C	0.05%
CLVT	F	0.05%
RAMP	C	0.05%
FL	F	0.05%
COOP	B	0.05%
VRTS	B	0.05%
VITL	D	0.05%
MOV	C	0.05%
SMPL	B	0.05%
ROCK	C	0.05%
ARQT	C	0.05%
PD	C	0.05%
NUVL	D	0.05%
GEF	A	0.05%
CAKE	C	0.05%
FLGT	F	0.04%
OMI	F	0.04%
NEP	F	0.04%
FOXF	F	0.04%
BKD	D	0.04%
ARCT	F	0.04%
RXRX	F	0.04%
JAMF	F	0.04%
CAL	D	0.04%
GPRE	F	0.04%
RCUS	F	0.04%
SNDX	F	0.04%
FORM	D	0.04%
MMS	F	0.04%
CLW	F	0.04%
PENG	D	0.04%
IMVT	F	0.04%
NABL	F	0.04%
COUR	F	0.04%
SHC	F	0.04%
XRX	F	0.04%
CLDX	F	0.04%
EGY	D	0.04%
QS	F	0.04%
SIBN	F	0.04%
MLKN	D	0.04%
APGE	F	0.04%
HOUS	D	0.04%
PLUG	F	0.04%
CXM	C	0.04%
SPT	C	0.04%
PGNY	F	0.04%
BBIO	F	0.04%
DK	C	0.04%
AMC	C	0.04%
COGT	D	0.04%
QDEL	F	0.04%
DYN	F	0.04%
MTUS	C	0.04%
LESL	C	0.04%
PLRX	F	0.04%
TNDM	F	0.04%
NUVB	C	0.04%
IVR	F	0.04%
EWCZ	F	0.04%
MEI	D	0.04%
HL	D	0.04%
KSS	F	0.04%
GRBK	D	0.04%
PTEN	C	0.04%
OSCR	D	0.04%
FLO	D	0.04%
ETNB	C	0.04%
ESTA	D	0.04%
BEAM	D	0.04%
RKT	F	0.04%
AMN	F	0.04%
HZO	D	0.04%
NVCR	C	0.04%
NEOG	F	0.04%
CWT	D	0.04%
EPC	D	0.04%
AHH	D	0.04%
SWTX	C	0.04%
ARLO	C	0.04%
UCB	A	0.04%
THRM	D	0.04%
KRYS	B	0.04%
LEVI	F	0.04%
BRZE	C	0.04%
PRAA	C	0.04%
ARWR	F	0.04%
MEG	F	0.03%
ANAB	F	0.03%
TXG	F	0.03%
HPP	F	0.03%
NVAX	F	0.03%
CNXC	F	0.03%
SITC	D	0.03%
RCKT	F	0.03%
CGEM	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
CDNA	D	0.03%
BRY	F	0.03%
KELYA	F	0.03%
APLS	D	0.03%
ETWO	F	0.03%
ALEC	F	0.03%
SVRA	D	0.03%
CRMT	C	0.03%
STAA	F	0.03%
PHAT	F	0.03%
CCRN	F	0.03%
PRTA	F	0.03%
MQ	F	0.03%
NTLA	F	0.03%
JELD	F	0.03%
AGL	F	0.02%
MC	C	0.02%
SEDG	F	0.02%
NOVA	F	0.02%
ASPN	F	0.02%
VSAT	F	0.02%
DEI	B	0.02%
WOLF	F	0.02%
KURA	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 216 Positions Relative to REVS

Symbol	Grade	Weight
JPM	A	-5.41%
JNJ	D	-4.62%
CSCO	B	-3.43%
XOM	B	-3.14%
BAC	A	-2.95%
PM	B	-2.49%
WFC	A	-2.44%
CAT	B	-1.74%
CVX	A	-1.61%
BMY	B	-1.45%
DIS	B	-1.41%
BLK	C	-1.4%
MDT	D	-1.34%
C	A	-1.23%
MO	A	-1.16%
T	A	-1.09%
CMCSA	B	-1.09%
EQIX	A	-1.08%
UPS	C	-1.05%
CI	F	-1.03%
MMC	B	-0.88%
LMT	D	-0.84%
UNP	C	-0.8%
CME	A	-0.78%
PCG	A	-0.76%
CSX	B	-0.73%
FDX	B	-0.7%
CRM	B	-0.68%
TT	A	-0.67%
TGT	F	-0.67%
EXC	C	-0.65%
ABBV	D	-0.65%
XEL	A	-0.65%
TJX	A	-0.65%
MSI	B	-0.63%
MMM	D	-0.62%
PCAR	B	-0.62%
HCA	F	-0.6%
MCK	B	-0.58%
DHI	D	-0.57%
SPG	B	-0.57%
EIX	B	-0.55%
BK	A	-0.54%
CMI	A	-0.54%
ETR	B	-0.54%
NUE	C	-0.5%
DELL	C	-0.47%
LEN	D	-0.47%
KR	B	-0.46%
DAL	C	-0.45%
MET	A	-0.45%
EOG	A	-0.45%
OTIS	C	-0.44%
GIS	D	-0.43%
CL	D	-0.42%
SW	A	-0.42%
HPE	B	-0.42%
DTE	C	-0.42%
GILD	C	-0.41%
ALL	A	-0.41%
PRU	A	-0.41%
ROST	C	-0.41%
AEE	A	-0.41%
PPG	F	-0.4%
CSGP	D	-0.4%
HPQ	B	-0.4%
CNC	D	-0.39%
WAB	B	-0.37%
HLT	A	-0.36%
EBAY	D	-0.36%
UAL	A	-0.34%
KMB	D	-0.33%
KHC	F	-0.33%
PSX	C	-0.32%
MPC	D	-0.32%
ZM	B	-0.31%
ADM	D	-0.31%
MTD	D	-0.31%
NVR	D	-0.31%
PKG	A	-0.31%
PHM	D	-0.31%
PAYX	C	-0.31%
CCL	B	-0.3%
STLD	B	-0.3%
EA	A	-0.3%
SBAC	D	-0.3%
LYB	F	-0.3%
FTV	C	-0.29%
WY	D	-0.29%
WTW	B	-0.29%
FITB	A	-0.29%
NI	A	-0.28%
RJF	A	-0.28%
STT	A	-0.27%
GPN	B	-0.27%
REGN	F	-0.27%
INVH	D	-0.27%
K	A	-0.26%
VLO	C	-0.26%
FCNCA	A	-0.25%
RS	B	-0.25%
LDOS	C	-0.24%
SYF	B	-0.24%
TROW	B	-0.24%
EVRG	A	-0.24%
VRTX	F	-0.23%
GEN	B	-0.23%
ARE	D	-0.23%
CF	B	-0.23%
HOLX	D	-0.22%
BAX	D	-0.21%
NTAP	C	-0.21%
BLDR	D	-0.21%
FFIV	B	-0.21%
VRSN	F	-0.21%
TWLO	A	-0.2%
SWKS	F	-0.2%
FANG	D	-0.2%
OXY	D	-0.2%
CBOE	B	-0.2%
SNA	A	-0.2%
RPM	A	-0.19%
CSL	C	-0.19%
VTRS	A	-0.19%
EPAM	C	-0.18%
OC	A	-0.18%
MAS	D	-0.18%
AVTR	F	-0.17%
SSNC	B	-0.17%
GLPI	C	-0.17%
JNPR	F	-0.17%
AMAT	F	-0.17%
HST	C	-0.16%
FTNT	C	-0.16%
ACM	A	-0.16%
EME	C	-0.16%
AES	F	-0.16%
QCOM	F	-0.16%
WPC	D	-0.16%
AMH	D	-0.16%
BG	F	-0.15%
CAH	B	-0.15%
EXPD	D	-0.15%
CAG	D	-0.15%
L	A	-0.14%
SWK	D	-0.14%
BKNG	A	-0.13%
TAP	C	-0.13%
EG	C	-0.13%
RPRX	D	-0.13%
AMGN	D	-0.13%
CTRA	B	-0.12%
DKS	C	-0.12%
SOLV	C	-0.12%
AIZ	A	-0.11%
WSM	B	-0.11%
MOS	F	-0.11%
ADP	B	-0.1%
OKTA	C	-0.1%
ACI	C	-0.1%
WYNN	D	-0.1%
MGM	D	-0.1%
NNN	D	-0.1%
STAG	F	-0.09%
SKX	D	-0.09%
BIIB	F	-0.09%
QRVO	F	-0.09%
AOS	F	-0.09%
MRO	B	-0.09%
MIDD	C	-0.08%
KEX	C	-0.08%
G	B	-0.08%
CE	F	-0.08%
SAIC	F	-0.07%
OLN	D	-0.07%
FOXA	B	-0.07%
CRBG	B	-0.07%
SEIC	B	-0.07%
ESAB	B	-0.07%
NWSA	B	-0.07%
BEN	C	-0.06%
AZO	C	-0.06%
UTHR	C	-0.06%
WLK	D	-0.06%
BMRN	D	-0.05%
MRNA	F	-0.05%
ROKU	D	-0.05%
NEU	C	-0.05%
MTCH	D	-0.05%
XP	F	-0.05%
ALGM	D	-0.04%
FOX	A	-0.04%
DINO	D	-0.04%
INCY	C	-0.04%
EEFT	B	-0.04%
CTAS	B	-0.04%
SIRI	C	-0.04%
SMG	D	-0.04%
AMKR	D	-0.04%
SAM	C	-0.03%
VIRT	B	-0.03%
PSTG	D	-0.03%
DDS	B	-0.02%
REYN	D	-0.02%
LEN	D	-0.02%
TER	D	-0.02%
EXAS	D	-0.02%
PPC	C	-0.02%
NWS	B	-0.02%
ADTN	A	-0.02%
BR	A	-0.02%
EXEL	B	-0.01%
SEB	F	-0.01%
CNA	B	-0.01%
ALNY	D	-0.01%
PLTK	B	-0.0%