ESML vs. SQLV ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Legg Mason Small-Cap Quality Value ETF (SQLV)

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

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$45.07

Average Daily Volume

771

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SQLV
30 Days	8.75%	8.72%
60 Days	8.59%	8.14%
90 Days	9.69%	8.02%
12 Months	34.45%	22.85%

69 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SQLV	Overlap
ADUS	D	0.05%	0.45%	0.05%
ANDE	D	0.06%	0.58%	0.06%
APAM	B	0.1%	0.69%	0.1%
ATEN	B	0.06%	0.35%	0.06%
ATKR	C	0.08%	0.35%	0.08%
BHE	B	0.16%	0.41%	0.16%
BOX	B	0.13%	0.14%	0.13%
CALM	A	0.07%	0.94%	0.07%
CAR	C	0.05%	0.81%	0.05%
CCRN	F	0.03%	0.22%	0.03%
CLW	F	0.04%	0.26%	0.04%
CNMD	C	0.05%	0.13%	0.05%
CPRX	C	0.05%	0.38%	0.05%
CRI	D	0.04%	0.33%	0.04%
CRVL	A	0.09%	0.27%	0.09%
CTS	C	0.07%	0.42%	0.07%
DFIN	D	0.12%	0.33%	0.12%
DK	C	0.04%	0.47%	0.04%
DXC	B	0.11%	0.74%	0.11%
EE	A	0.07%	0.3%	0.07%
EMBC	C	0.05%	0.29%	0.05%
EWCZ	F	0.04%	0.3%	0.04%
HAE	C	0.12%	0.44%	0.12%
HAFC	A	0.07%	0.67%	0.07%
HWKN	B	0.07%	0.15%	0.07%
IART	C	0.05%	0.29%	0.05%
IBOC	A	0.06%	0.74%	0.06%
ICUI	D	0.07%	0.23%	0.07%
IDCC	A	0.14%	0.78%	0.14%
IOSP	B	0.07%	0.45%	0.07%
IRDM	D	0.11%	0.45%	0.11%
ITGR	B	0.13%	0.5%	0.13%
JELD	F	0.03%	0.27%	0.03%
KFY	B	0.09%	0.63%	0.09%
LRN	A	0.13%	0.74%	0.13%
MGNI	A	0.06%	0.16%	0.06%
MTUS	C	0.04%	0.21%	0.04%
NMIH	D	0.09%	0.6%	0.09%
NTGR	B	0.08%	0.53%	0.08%
NVST	B	0.06%	0.53%	0.06%
OMCL	C	0.05%	0.5%	0.05%
OMI	F	0.04%	0.28%	0.04%
PAHC	C	0.06%	0.53%	0.06%
PAYO	A	0.07%	0.86%	0.07%
PBF	D	0.06%	0.72%	0.06%
PLUS	F	0.06%	0.4%	0.06%
PLXS	B	0.17%	0.28%	0.17%
POWL	C	0.09%	0.59%	0.09%
PRG	C	0.05%	0.66%	0.05%
PRGS	A	0.24%	0.53%	0.24%
ROCK	C	0.05%	0.36%	0.05%
SLVM	B	0.05%	0.77%	0.05%
STAA	F	0.03%	0.19%	0.03%
STRL	B	0.14%	0.73%	0.14%
TDC	D	0.1%	0.36%	0.1%
TDOC	C	0.07%	0.54%	0.07%
TEX	D	0.08%	0.5%	0.08%
TGNA	B	0.2%	0.76%	0.2%
TGTX	B	0.06%	0.19%	0.06%
VCTR	B	0.08%	0.87%	0.08%
VREX	C	0.07%	0.31%	0.07%
WHD	B	0.12%	0.63%	0.12%
WKC	D	0.05%	0.38%	0.05%
WNC	C	0.05%	0.28%	0.05%
WTFC	A	0.07%	0.56%	0.07%
WU	D	0.07%	0.38%	0.07%
YELP	C	0.05%	0.39%	0.05%
ZD	C	0.08%	0.41%	0.08%
ZEUS	C	0.05%	0.25%	0.05%

ESML Overweight 835 Positions Relative to SQLV

Symbol	Grade	Weight
CASY	A	0.53%
USFD	A	0.5%
JHG	A	0.5%
CVNA	B	0.48%
SFM	A	0.44%
GWRE	A	0.44%
FIX	A	0.42%
INGR	B	0.4%
EWBC	A	0.4%
FTI	A	0.37%
NTNX	A	0.36%
KBR	F	0.35%
FLEX	A	0.35%
NTRA	B	0.34%
MUSA	A	0.34%
IBKR	A	0.34%
XPO	B	0.33%
JLL	D	0.33%
OGS	A	0.32%
AYI	B	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%
RGA	A	0.29%
PNFP	B	0.29%
AFRM	B	0.28%
TPR	B	0.28%
EHC	B	0.28%
SAIA	B	0.28%
R	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%
TOL	B	0.26%
AXTA	A	0.26%
ALSN	B	0.26%
GPK	C	0.26%
UMBF	B	0.26%
RRC	B	0.26%
MWA	B	0.25%
UGI	A	0.25%
AAON	B	0.25%
BLD	D	0.25%
UNM	A	0.25%
IVZ	B	0.24%
ARMK	B	0.24%
SOFI	A	0.24%
MOG.A	B	0.24%
HRI	B	0.24%
AR	B	0.24%
NCLH	B	0.24%
DCI	B	0.24%
RNR	C	0.24%
WEX	D	0.24%
ALK	C	0.23%
CBSH	A	0.23%
CNM	D	0.23%
PRI	A	0.23%
FHN	A	0.23%
EXLS	B	0.23%
REZI	A	0.23%
WCC	B	0.23%
CW	B	0.23%
ATR	B	0.23%
AWI	A	0.23%
MTG	C	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%
THC	D	0.21%
GNRC	B	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%
LECO	B	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%
ZION	B	0.2%
CACI	D	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%
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%
AXS	A	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%
HRB	D	0.18%
CIEN	B	0.18%
ONB	B	0.18%
GKOS	B	0.18%
HAS	D	0.18%
AMG	B	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%
MSA	D	0.17%
DLB	B	0.17%
LUMN	C	0.17%
ASB	B	0.17%
HQY	B	0.17%
BWA	D	0.17%
NYT	C	0.17%
LPX	B	0.17%
WSC	D	0.17%
BANR	B	0.17%
PEN	B	0.17%
SF	B	0.17%
PVH	C	0.16%
WFRD	D	0.16%
CRS	A	0.16%
TNL	A	0.16%
BCC	B	0.16%
FAF	A	0.16%
MTH	D	0.16%
SITE	D	0.16%
ACIW	B	0.16%
BRX	A	0.16%
VOYA	B	0.16%
JAZZ	B	0.16%
GXO	B	0.16%
GTLB	B	0.16%
ECG	C	0.16%
SPSC	C	0.16%
FLS	B	0.16%
SLM	A	0.16%
AEIS	B	0.16%
EAT	A	0.16%
PRIM	A	0.15%
SR	A	0.15%
BILL	A	0.15%
CRUS	D	0.15%
VNT	B	0.15%
ATI	D	0.15%
CPF	A	0.15%
MEDP	D	0.15%
CROX	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%
DBX	B	0.15%
LSCC	D	0.15%
OZK	B	0.14%
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%
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%
CADE	B	0.14%
NPO	A	0.14%
WH	B	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%
FYBR	D	0.13%
BRKR	D	0.13%
MUR	D	0.13%
COLB	A	0.13%
LFUS	F	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%
PINC	B	0.13%
HIW	D	0.13%
PDCO	D	0.13%
HXL	D	0.13%
CRDO	B	0.13%
BCPC	B	0.13%
CPK	A	0.13%
WTM	A	0.13%
YETI	C	0.12%
RDUS	C	0.12%
AGNC	D	0.12%
CVBF	A	0.12%
KD	B	0.12%
AVAV	D	0.12%
EVR	B	0.12%
WERN	C	0.12%
ABG	B	0.12%
M	D	0.12%
GL	B	0.12%
GAP	C	0.12%
BLKB	B	0.12%
NSIT	F	0.12%
ADT	C	0.12%
MTX	B	0.12%
THO	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%
ORA	B	0.11%
KRC	C	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%
SON	D	0.11%
LNTH	D	0.11%
GMED	A	0.11%
OLLI	D	0.11%
APPF	B	0.11%
EFSC	B	0.11%
CYTK	F	0.11%
PATH	C	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%
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%
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%
BRBR	A	0.1%
CRC	B	0.1%
AL	B	0.1%
SLG	B	0.1%
XENE	D	0.1%
LEA	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%
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%
BRC	D	0.09%
PLMR	B	0.09%
UNIT	B	0.09%
RL	B	0.09%
CHWY	B	0.09%
FR	C	0.09%
CURB	D	0.09%
HWC	B	0.09%
MIR	A	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%
LNC	B	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%
ALKS	B	0.09%
TILE	B	0.08%
OLED	D	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%
DOCS	C	0.08%
SNX	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%
TARS	B	0.08%
HIMS	B	0.08%
INTA	A	0.08%
ENOV	C	0.08%
UNFI	A	0.08%
BOH	B	0.08%
OGN	D	0.08%
PIPR	B	0.08%
HR	C	0.08%
STC	B	0.08%
AUR	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%
BWIN	D	0.08%
SHAK	C	0.08%
RNST	B	0.08%
VSCO	B	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%
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%
MHK	D	0.07%
AVNT	B	0.07%
ESRT	C	0.07%
PRGO	B	0.07%
CWEN	C	0.07%
FOUR	B	0.07%
ROG	D	0.07%
GTES	A	0.07%
VVX	C	0.07%
FIVN	C	0.07%
CMP	C	0.07%
ACLX	C	0.07%
XHR	B	0.07%
GH	B	0.07%
BC	C	0.07%
BDN	C	0.07%
ATRC	C	0.07%
AMWD	C	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%
AZTA	D	0.07%
AN	C	0.07%
HBI	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%
VRDN	D	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%
MDGL	B	0.06%
EXP	A	0.06%
RUSHB	B	0.06%
COKE	C	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%
CWAN	B	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%
TALO	C	0.06%
PK	B	0.06%
MAN	D	0.06%
CCS	D	0.06%
FUN	C	0.06%
ROIV	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%
FLYW	C	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%
CLF	F	0.06%
COLM	B	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%
RUN	F	0.05%
PGRE	F	0.05%
PENN	C	0.05%
NRIX	D	0.05%
ARCB	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
KLG	C	0.05%
ACEL	C	0.05%
TMDX	F	0.05%
JANX	C	0.05%
DOCN	D	0.05%
MLTX	B	0.05%
FLG	C	0.05%
MLNK	B	0.05%
SMP	B	0.05%
PBI	B	0.05%
PFS	B	0.05%
TWST	D	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%
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%
INFA	D	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%
XRAY	F	0.05%
LCID	F	0.05%
UAA	C	0.05%
BGC	C	0.05%
EDR	A	0.05%
RNG	B	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%
AAP	C	0.05%
ELVN	D	0.05%
KROS	D	0.05%
HAYW	B	0.05%
LIVN	F	0.05%
MRC	B	0.05%
LEG	F	0.05%
RUSHA	C	0.05%
VYX	B	0.05%
SPR	D	0.05%
LOPE	B	0.05%
GO	C	0.05%
ASTE	B	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%
CWEN	C	0.05%
CUBI	C	0.05%
MTRN	C	0.05%
DCO	C	0.05%
VERA	B	0.05%
HLIT	D	0.05%
EPR	D	0.05%
NBHC	B	0.05%
NCNO	B	0.05%
KMPR	B	0.05%
DNOW	B	0.05%
TNC	D	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%
ARQT	C	0.05%
PD	C	0.05%
CIVI	D	0.05%
NUVL	D	0.05%
GEF	A	0.05%
CAKE	C	0.05%
FLGT	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%
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%
AMC	C	0.04%
COGT	D	0.04%
QDEL	F	0.04%
DYN	F	0.04%
ASH	D	0.04%
LESL	C	0.04%
IONS	F	0.04%
PLRX	F	0.04%
TNDM	F	0.04%
NUVB	C	0.04%
IVR	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%
PHAT	F	0.03%
PRTA	F	0.03%
MQ	F	0.03%
NTLA	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 188 Positions Relative to SQLV

Symbol	Grade	Weight
BFH	B	-1.14%
CEIX	A	-0.86%
CORT	B	-0.82%
EBC	B	-0.78%
CATY	B	-0.77%
FDP	B	-0.76%
BKE	B	-0.76%
AX	A	-0.74%
BTU	B	-0.72%
AGX	B	-0.71%
SKYW	B	-0.68%
SANM	B	-0.68%
ALE	A	-0.67%
AMR	C	-0.65%
CCSI	C	-0.65%
FHI	A	-0.64%
MD	B	-0.64%
WTTR	B	-0.63%
PRDO	B	-0.6%
HUBG	A	-0.58%
LE	D	-0.55%
EEFT	B	-0.53%
NECB	B	-0.53%
PFBC	B	-0.53%
WS	B	-0.53%
INVA	D	-0.52%
MCB	B	-0.52%
LGND	B	-0.52%
CRCT	F	-0.51%
SCS	C	-0.51%
NBN	B	-0.51%
PBH	A	-0.51%
AMCX	C	-0.5%
ASO	F	-0.5%
CNXN	C	-0.49%
BXC	B	-0.49%
TPC	C	-0.49%
MBWM	B	-0.48%
MCRI	A	-0.48%
OSBC	A	-0.47%
LMAT	A	-0.47%
GIII	D	-0.46%
INSW	F	-0.46%
UNTY	B	-0.46%
CIVB	B	-0.46%
FISI	A	-0.46%
CVI	F	-0.45%
THFF	B	-0.45%
MSBI	B	-0.44%
BELFB	C	-0.43%
RLGT	A	-0.42%
RNGR	B	-0.42%
RMR	F	-0.42%
DAKT	B	-0.42%
SUPN	C	-0.42%
ASTH	D	-0.41%
DHIL	A	-0.41%
IPGP	D	-0.4%
PKBK	A	-0.4%
VCYT	B	-0.4%
NTCT	C	-0.4%
METC	C	-0.4%
OLPX	D	-0.4%
EVBN	B	-0.39%
HRMY	D	-0.39%
EBF	F	-0.38%
LQDT	B	-0.38%
HCKT	B	-0.37%
NPK	B	-0.37%
BSIG	A	-0.36%
WOR	F	-0.36%
SMLR	B	-0.36%
ARRY	C	-0.36%
VSH	D	-0.36%
DVAX	C	-0.36%
REX	D	-0.35%
AVNS	F	-0.35%
AMPH	D	-0.35%
SGC	C	-0.35%
HSTM	B	-0.34%
RES	D	-0.34%
PLAB	C	-0.33%
KFRC	D	-0.33%
NX	C	-0.33%
FOR	F	-0.33%
ACIC	B	-0.33%
PLPC	B	-0.33%
JBSS	D	-0.33%
TH	C	-0.33%
IMXI	B	-0.31%
COHU	C	-0.31%
GNE	D	-0.31%
CVEO	F	-0.31%
MPX	B	-0.3%
MCFT	B	-0.3%
RYI	C	-0.3%
IRMD	C	-0.29%
CASS	B	-0.29%
USNA	C	-0.29%
CHGG	D	-0.29%
HBB	F	-0.28%
COLL	F	-0.28%
ODP	F	-0.28%
KRT	A	-0.28%
SPOK	C	-0.28%
BTMD	C	-0.28%
LGTY	D	-0.28%
FLWS	F	-0.27%
PUMP	B	-0.27%
ACCO	C	-0.27%
PARR	D	-0.26%
PKE	B	-0.26%
MRVI	F	-0.26%
WINA	B	-0.26%
NATR	C	-0.26%
WRLD	C	-0.26%
MDXG	B	-0.25%
MNSB	C	-0.25%
GIC	D	-0.25%
SIGA	F	-0.25%
NVEC	C	-0.25%
ASRT	F	-0.24%
ANIP	F	-0.24%
TZOO	A	-0.24%
HOFT	C	-0.24%
ARCH	B	-0.24%
PFC	A	-0.24%
CTKB	C	-0.23%
UTMD	F	-0.23%
RGP	F	-0.23%
MED	F	-0.23%
ZIP	F	-0.23%
TCMD	A	-0.23%
MPAA	C	-0.22%
IIIN	C	-0.22%
CNS	B	-0.22%
LCUT	F	-0.21%
JILL	C	-0.21%
PCRX	C	-0.21%
EVC	C	-0.21%
PETS	C	-0.2%
SSTK	F	-0.2%
VRA	F	-0.2%
UVE	B	-0.2%
MYPS	C	-0.2%
HTZ	C	-0.19%
MITK	C	-0.19%
PBYI	C	-0.19%
HBCP	B	-0.19%
OFLX	D	-0.19%
DBRG	F	-0.19%
CMT	D	-0.19%
VIRC	B	-0.18%
INTT	C	-0.18%
LFVN	B	-0.18%
JAKK	C	-0.17%
RCKY	F	-0.17%
VPG	D	-0.17%
CCRD	A	-0.17%
HSII	B	-0.17%
STBA	B	-0.17%
ZYXI	D	-0.17%
CSPI	C	-0.16%
RCMT	C	-0.16%
BBW	B	-0.16%
ACDC	C	-0.16%
LXU	B	-0.16%
NRC	F	-0.15%
IRWD	F	-0.15%
OSUR	F	-0.15%
SCSC	B	-0.15%
HCI	C	-0.15%
ANIK	F	-0.15%
LTRX	F	-0.14%
SD	D	-0.14%
ANGO	D	-0.14%
EXTR	B	-0.14%
YOU	D	-0.13%
POWW	F	-0.13%
TWI	F	-0.13%
BLBD	D	-0.13%
IMMR	C	-0.13%
DXLG	F	-0.13%
PAYS	F	-0.11%
THRY	F	-0.11%
CVGI	F	-0.11%
SURG	D	-0.09%
IPW	F	-0.03%