ESML vs. VALQ ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to American Century STOXX U.S. Quality Value ETF (VALQ)

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

$41.41

Average Daily Volume

116,212

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$61.73

Average Daily Volume

7,651

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VALQ
30 Days	0.28%	1.60%
60 Days	0.50%	7.68%
90 Days	8.35%	9.34%
12 Months	26.30%	29.32%

73 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VALQ	Overlap
AIT	A	0.11%	0.09%	0.09%
ALKS	C	0.1%	0.09%	0.09%
ALSN	A	0.22%	0.11%	0.11%
AMG	C	0.18%	0.09%	0.09%
AN	B	0.08%	0.08%	0.08%
ANF	D	0.15%	0.14%	0.14%
ARW	C	0.11%	0.37%	0.11%
AXS	A	0.18%	0.1%	0.1%
AXTA	C	0.26%	0.09%	0.09%
AYI	A	0.29%	0.42%	0.29%
AZEK	B	0.14%	0.33%	0.14%
BERY	C	0.18%	0.09%	0.09%
BMI	A	0.31%	0.09%	0.09%
BRBR	B	0.09%	0.17%	0.09%
BWA	C	0.19%	0.09%	0.09%
BYD	C	0.06%	0.09%	0.06%
CACI	A	0.22%	0.09%	0.09%
CBT	B	0.14%	0.43%	0.14%
CMC	C	0.21%	0.09%	0.09%
COKE	B	0.06%	0.08%	0.06%
COLM	B	0.07%	0.2%	0.07%
CR	C	0.19%	0.16%	0.16%
CROX	C	0.23%	0.09%	0.09%
CRUS	D	0.18%	0.21%	0.18%
DBX	C	0.15%	0.35%	0.15%
DCI	B	0.25%	0.59%	0.25%
DLB	D	0.17%	0.09%	0.09%
EHC	B	0.29%	0.09%	0.09%
EVR	C	0.1%	0.09%	0.09%
FLO	C	0.05%	0.24%	0.05%
FLS	B	0.15%	0.33%	0.15%
GAP	F	0.12%	0.14%	0.12%
GL	C	0.13%	0.11%	0.11%
HRB	C	0.21%	0.59%	0.21%
INFA	D	0.05%	0.09%	0.05%
INGR	A	0.41%	1.81%	0.41%
IVZ	C	0.25%	0.65%	0.25%
JAZZ	F	0.15%	0.08%	0.08%
JEF	B	0.09%	0.16%	0.09%
JLL	B	0.38%	1.53%	0.38%
KBH	C	0.23%	0.08%	0.08%
LECO	F	0.19%	0.82%	0.19%
LFUS	C	0.15%	0.15%	0.15%
MAT	C	0.13%	0.08%	0.08%
MEDP	F	0.15%	0.07%	0.07%
MHK	B	0.08%	0.08%	0.08%
MMS	A	0.05%	0.08%	0.05%
MTG	B	0.25%	0.43%	0.25%
NOVT	D	0.21%	0.31%	0.21%
NSIT	C	0.18%	0.25%	0.18%
NVT	D	0.2%	0.66%	0.2%
NXST	D	0.09%	0.08%	0.08%
NYT	B	0.19%	0.54%	0.19%
OMF	D	0.18%	0.08%	0.08%
ORI	A	0.13%	0.18%	0.13%
PEGA	C	0.09%	0.1%	0.09%
POST	B	0.1%	0.09%	0.09%
PVH	F	0.16%	0.08%	0.08%
RGA	C	0.3%	0.09%	0.09%
RHI	D	0.2%	0.09%	0.09%
RL	B	0.09%	0.1%	0.09%
SFM	A	0.35%	0.79%	0.35%
SM	F	0.05%	0.26%	0.05%
THC	C	0.25%	0.1%	0.1%
TMHC	B	0.17%	0.09%	0.09%
TOL	A	0.27%	1.06%	0.27%
TPR	B	0.25%	0.76%	0.25%
TXRH	B	0.1%	0.09%	0.09%
UNM	A	0.21%	0.09%	0.09%
USFD	C	0.49%	0.09%	0.09%
VMI	B	0.12%	0.08%	0.08%
WING	B	0.25%	0.17%	0.17%
WTS	B	0.21%	0.09%	0.09%

ESML Overweight 831 Positions Relative to VALQ

Symbol	Grade	Weight
CASY	D	0.5%
JHG	C	0.45%
GWRE	A	0.41%
KBR	D	0.4%
REXR	D	0.39%
CVNA	A	0.36%
FIX	B	0.36%
MUSA	D	0.34%
OGS	A	0.33%
NTNX	D	0.33%
EWBC	D	0.33%
FTI	B	0.33%
RGLD	C	0.32%
FRT	B	0.32%
FLEX	B	0.31%
ITT	B	0.3%
WEX	C	0.3%
MDU	C	0.3%
ONTO	C	0.3%
BLD	C	0.3%
GPK	B	0.29%
AVT	B	0.29%
OSK	F	0.28%
SIGI	D	0.28%
BFAM	C	0.28%
WMS	D	0.27%
PCVX	B	0.27%
UGI	C	0.27%
R	C	0.27%
COHR	B	0.27%
SCI	C	0.26%
XPO	F	0.26%
BWXT	A	0.26%
IBKR	A	0.26%
NTRA	B	0.26%
RNR	A	0.26%
CNM	F	0.25%
PNFP	D	0.25%
GBCI	D	0.25%
SNV	D	0.25%
BJ	D	0.25%
SSB	C	0.25%
SWN	C	0.24%
SAIA	D	0.24%
UMBF	C	0.24%
RRC	D	0.24%
ARMK	B	0.24%
PRGS	B	0.24%
HOG	C	0.24%
FND	B	0.24%
FELE	B	0.23%
MWA	B	0.23%
INSM	D	0.23%
FCN	B	0.23%
DTM	A	0.23%
CNX	A	0.23%
MOG.A	B	0.23%
ATR	A	0.23%
SUM	D	0.23%
EGP	D	0.23%
CUBE	C	0.23%
LSTR	D	0.22%
CUZ	C	0.22%
WBS	D	0.22%
PRI	A	0.22%
NJR	C	0.22%
CW	A	0.22%
CDP	A	0.22%
MTN	D	0.22%
HAS	A	0.22%
WCC	C	0.21%
ALK	B	0.21%
CVLT	C	0.21%
NFG	A	0.21%
AWI	A	0.21%
SRPT	F	0.21%
AAON	B	0.21%
AR	C	0.21%
WAL	C	0.21%
ENSG	D	0.21%
WHR	C	0.2%
KNSL	D	0.2%
FTDR	C	0.2%
RHP	C	0.2%
LNW	F	0.2%
FBP	D	0.2%
EPRT	C	0.2%
FTAI	B	0.2%
WWD	B	0.2%
AVA	B	0.2%
WSC	D	0.2%
BDC	B	0.2%
NCLH	C	0.2%
HHH	B	0.2%
CBSH	D	0.2%
EXLS	B	0.2%
OHI	C	0.2%
CMA	C	0.19%
MSA	D	0.19%
RLI	A	0.19%
TTEK	B	0.19%
AFRM	C	0.19%
GPI	C	0.19%
GNRC	B	0.19%
FHN	D	0.19%
ACHC	F	0.19%
MTH	B	0.19%
PCH	C	0.19%
LAD	B	0.19%
AA	C	0.19%
ZWS	A	0.19%
MORN	C	0.18%
CIEN	B	0.18%
ATI	B	0.18%
MOD	C	0.18%
TKO	C	0.18%
SPSC	D	0.18%
DAR	F	0.18%
VVV	D	0.18%
SITE	D	0.18%
BHLB	D	0.18%
PLNT	C	0.18%
SPXC	C	0.18%
ITRI	C	0.18%
TGNA	B	0.18%
FMC	B	0.18%
FRPT	C	0.18%
WK	D	0.18%
ENLC	A	0.18%
CNO	C	0.18%
VFC	B	0.18%
GME	D	0.18%
SNDR	C	0.18%
REZI	F	0.18%
HRI	B	0.18%
FAF	B	0.17%
ZION	D	0.17%
FN	C	0.17%
CHX	F	0.17%
ELAN	D	0.17%
VOYA	A	0.17%
PR	F	0.17%
PCTY	C	0.17%
ONB	D	0.17%
BCC	B	0.17%
RGEN	F	0.17%
LPX	A	0.17%
BRKR	D	0.17%
LSCC	D	0.17%
THG	A	0.17%
GKOS	C	0.17%
NOV	F	0.16%
ESTC	F	0.16%
AM	A	0.16%
RRX	C	0.16%
SLM	C	0.16%
UBSI	D	0.16%
BRX	B	0.16%
CZR	C	0.16%
LAZ	C	0.16%
LUMN	C	0.16%
FSS	B	0.16%
PLXS	B	0.16%
GATX	D	0.16%
BHE	C	0.16%
AEIS	D	0.16%
WFRD	F	0.16%
DUOL	B	0.16%
MTZ	C	0.16%
PEN	D	0.15%
HIW	C	0.15%
SR	A	0.15%
AGCO	D	0.15%
HXL	F	0.15%
BANR	C	0.15%
KTB	B	0.15%
TPX	B	0.15%
GXO	D	0.15%
MKSI	F	0.15%
MMSI	C	0.15%
KNTK	C	0.15%
SF	A	0.15%
PDCO	F	0.15%
ASB	F	0.15%
TPH	B	0.15%
CHE	B	0.15%
ACIW	A	0.15%
HNI	B	0.15%
PCOR	D	0.15%
ASGN	D	0.15%
ALTR	C	0.14%
VNT	F	0.14%
ITCI	D	0.14%
MUR	F	0.14%
BCPC	C	0.14%
NPO	C	0.14%
HQY	B	0.14%
JXN	B	0.14%
GTLB	D	0.14%
ESI	B	0.14%
FYBR	C	0.14%
LNTH	C	0.14%
X	F	0.14%
TNL	B	0.14%
FIBK	D	0.14%
CRS	B	0.14%
SMAR	A	0.14%
IRDM	C	0.13%
AVAV	B	0.13%
ELF	F	0.13%
SOFI	C	0.13%
LEA	F	0.13%
ADT	D	0.13%
WH	C	0.13%
BLKB	C	0.13%
IBCP	D	0.13%
SON	D	0.13%
YETI	D	0.13%
CADE	D	0.13%
THO	C	0.13%
KNF	C	0.13%
SHOO	A	0.13%
M	F	0.13%
ITGR	C	0.13%
OLLI	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	D	0.13%
AGNC	C	0.13%
CPF	C	0.13%
OPCH	D	0.13%
CYTK	F	0.13%
DFIN	D	0.13%
VKTX	D	0.13%
CPK	B	0.13%
SWX	C	0.13%
VLY	C	0.13%
ACA	C	0.13%
CHDN	D	0.13%
KLIC	D	0.13%
RYAN	A	0.13%
FA	A	0.12%
ECPG	F	0.12%
ABG	D	0.12%
EPAC	C	0.12%
SITC	F	0.12%
ADC	B	0.12%
IBP	C	0.12%
RMBS	F	0.12%
COLB	C	0.12%
FIVE	D	0.12%
WGO	D	0.12%
CABO	F	0.12%
APPF	C	0.12%
TRNO	D	0.12%
WERN	D	0.12%
MTX	D	0.12%
PFSI	C	0.12%
RDUS	D	0.12%
CAVA	C	0.12%
HASI	C	0.12%
WTM	D	0.12%
BECN	F	0.12%
PINC	F	0.12%
HALO	D	0.12%
OZK	F	0.12%
WDFC	C	0.11%
GTLS	F	0.11%
XENE	F	0.11%
SCL	D	0.11%
CFLT	F	0.11%
ORA	B	0.11%
PRIM	C	0.11%
U	D	0.11%
STRL	C	0.11%
MRCY	C	0.11%
CGNX	F	0.11%
WHD	B	0.11%
SSD	C	0.11%
DNLI	C	0.11%
HAE	D	0.11%
EAT	A	0.11%
SIG	C	0.11%
DY	C	0.11%
STWD	C	0.11%
PATH	D	0.11%
KRC	C	0.11%
FUL	F	0.11%
MYRG	F	0.11%
BHVN	C	0.11%
S	D	0.11%
KOS	F	0.11%
OGN	D	0.11%
FULT	D	0.11%
PSN	A	0.11%
LRN	C	0.11%
LCII	B	0.11%
ETSY	F	0.11%
IDCC	A	0.11%
AMED	D	0.1%
CRDO	C	0.1%
BWIN	C	0.1%
SLG	C	0.1%
FR	C	0.1%
CSGS	C	0.1%
GMED	D	0.1%
QTWO	C	0.1%
NMIH	C	0.1%
NXT	F	0.1%
TENB	F	0.1%
RXO	D	0.1%
BRC	C	0.1%
CRNX	D	0.1%
AEO	C	0.1%
OLED	C	0.1%
AUB	D	0.1%
AL	D	0.1%
INSP	C	0.1%
LBRDA	C	0.1%
FLR	D	0.1%
SJW	D	0.1%
ABCB	C	0.1%
EFSC	D	0.1%
TDC	D	0.1%
KAR	D	0.1%
HCP	B	0.1%
VC	F	0.1%
CCOI	B	0.1%
SLAB	D	0.1%
DXC	D	0.1%
LYFT	D	0.09%
MGRC	D	0.09%
ICFI	C	0.09%
PJT	C	0.09%
ESE	B	0.09%
UNIT	C	0.09%
LNN	B	0.09%
BXMT	C	0.09%
AUR	C	0.09%
KFY	C	0.09%
WEN	C	0.09%
STC	C	0.09%
KD	F	0.09%
RDN	D	0.09%
CRVL	C	0.09%
CAC	C	0.09%
AROC	C	0.09%
RUN	D	0.09%
LNC	D	0.09%
HR	C	0.09%
APAM	C	0.09%
ATKR	F	0.09%
DV	F	0.09%
TMDX	D	0.09%
LCID	D	0.09%
ZI	D	0.09%
ERII	C	0.09%
ST	F	0.09%
BILL	D	0.09%
CRC	B	0.09%
PI	B	0.09%
RDNT	C	0.09%
AMAL	D	0.09%
TRN	C	0.09%
CVBF	D	0.09%
XHR	C	0.08%
BPMC	F	0.08%
TBBK	C	0.08%
IOSP	F	0.08%
ROG	D	0.08%
RNA	A	0.08%
PLUS	C	0.08%
AZZ	C	0.08%
OUT	C	0.08%
NWN	B	0.08%
MAN	D	0.08%
ALG	D	0.08%
CHWY	C	0.08%
EVRI	B	0.08%
CWEN	A	0.08%
CLVT	D	0.08%
AMN	F	0.08%
BC	C	0.08%
RNST	D	0.08%
CNK	C	0.08%
SHAK	C	0.08%
RVMD	B	0.08%
SXT	C	0.08%
KOP	F	0.08%
MAC	B	0.08%
BOOT	B	0.08%
RARE	C	0.08%
SBRA	C	0.08%
SPB	B	0.08%
ENOV	F	0.08%
CFR	D	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	C	0.08%
ICUI	B	0.08%
PLMR	D	0.08%
MARA	F	0.08%
WU	D	0.08%
ESNT	C	0.08%
LITE	C	0.08%
W	D	0.08%
MTSI	C	0.08%
TNET	F	0.08%
TEX	F	0.08%
SNX	C	0.08%
HWC	D	0.08%
VNO	B	0.08%
ABM	D	0.08%
NWL	D	0.08%
BPOP	D	0.08%
AZTA	F	0.08%
ENR	B	0.07%
UPBD	F	0.07%
LXP	D	0.07%
ENV	C	0.07%
ACVA	C	0.07%
VITL	C	0.07%
ANDE	D	0.07%
TDS	B	0.07%
PNTG	C	0.07%
LEG	D	0.07%
JBGS	C	0.07%
CPRI	C	0.07%
VCTR	C	0.07%
HLIT	C	0.07%
EXPO	B	0.07%
VVX	B	0.07%
SEM	D	0.07%
AAT	C	0.07%
PHAT	C	0.07%
PECO	C	0.07%
XPRO	F	0.07%
TREX	D	0.07%
CTS	D	0.07%
SASR	C	0.07%
FL	F	0.07%
VRRM	D	0.07%
PEB	D	0.07%
HBI	B	0.07%
PLYA	D	0.07%
VAC	D	0.07%
SATS	C	0.07%
PRGO	F	0.07%
PRVA	F	0.07%
INTA	C	0.07%
RH	C	0.07%
INDB	D	0.07%
PDM	C	0.07%
BL	D	0.07%
CWK	C	0.07%
BOH	F	0.07%
WD	C	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	A	0.07%
MPW	C	0.07%
KREF	C	0.07%
JBT	B	0.07%
VRNS	C	0.07%
ACLX	C	0.07%
AVNT	B	0.07%
DRS	A	0.07%
CCCS	D	0.07%
PIPR	C	0.07%
DOCS	B	0.07%
CLF	D	0.07%
SEE	B	0.07%
GVA	B	0.07%
KTOS	A	0.07%
AMWD	C	0.07%
HWKN	A	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CALX	C	0.07%
CCS	C	0.07%
XRAY	D	0.07%
ZD	D	0.07%
COLD	D	0.07%
PRKS	D	0.07%
MTRN	F	0.06%
HURN	C	0.06%
HZO	C	0.06%
IBOC	D	0.06%
TALO	F	0.06%
CIVI	F	0.06%
FROG	F	0.06%
GH	F	0.06%
PRG	C	0.06%
EXP	C	0.06%
DCO	B	0.06%
NARI	F	0.06%
HI	F	0.06%
LBRDK	C	0.06%
PPBI	D	0.06%
CMCO	D	0.06%
KSS	D	0.06%
TDOC	D	0.06%
HELE	D	0.06%
APGE	C	0.06%
THS	C	0.06%
PDFS	F	0.06%
CBU	D	0.06%
AAP	F	0.06%
MOV	F	0.06%
BKU	D	0.06%
PTGX	C	0.06%
MNKD	C	0.06%
CLB	D	0.06%
MEI	D	0.06%
VSEC	D	0.06%
CART	C	0.06%
HL	C	0.06%
TWST	D	0.06%
AIR	D	0.06%
WRBY	C	0.06%
FOUR	B	0.06%
OSCR	C	0.06%
FUN	F	0.06%
KROS	C	0.06%
ROCK	D	0.06%
PAR	D	0.06%
KYMR	C	0.06%
JWN	D	0.06%
MYGN	D	0.06%
SPR	D	0.06%
APG	F	0.06%
CLH	C	0.06%
WKC	B	0.06%
CWEN	A	0.06%
TILE	B	0.06%
OII	D	0.06%
MHO	A	0.06%
UFPT	D	0.06%
MXL	F	0.06%
AVPT	C	0.06%
IESC	B	0.06%
ADUS	C	0.06%
KE	F	0.06%
SQSP	A	0.06%
ALTM	D	0.06%
GERN	D	0.06%
PAHC	C	0.06%
PBF	F	0.06%
NVST	D	0.06%
CC	D	0.06%
POWI	F	0.06%
FFIN	D	0.06%
SG	C	0.06%
ATRC	D	0.06%
TARS	C	0.06%
UEC	C	0.06%
CDE	C	0.06%
VRNT	F	0.06%
EPR	C	0.06%
UNFI	B	0.06%
ADMA	B	0.06%
HIMS	C	0.06%
HGV	F	0.06%
BANC	C	0.06%
RCM	B	0.06%
ROIV	D	0.06%
BDN	A	0.06%
CMP	D	0.06%
WTFC	C	0.06%
COMP	C	0.06%
CLNE	C	0.06%
TROX	D	0.06%
RKLB	B	0.06%
MRUS	D	0.06%
GTES	C	0.06%
TNC	F	0.06%
SMTC	C	0.06%
SKT	A	0.06%
EYE	F	0.06%
SONO	D	0.06%
GT	F	0.06%
EWTX	B	0.06%
ALHC	C	0.06%
NEP	D	0.06%
NUVL	B	0.06%
HAIN	C	0.06%
MIR	B	0.06%
LEVI	B	0.06%
PK	D	0.06%
TNDM	D	0.06%
RKT	B	0.06%
MODG	F	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
MQ	F	0.05%
TGTX	C	0.05%
CUBI	F	0.05%
SVRA	D	0.05%
TGI	F	0.05%
FORM	F	0.05%
BBIO	F	0.05%
SLNO	C	0.05%
SNDX	F	0.05%
HPP	F	0.05%
CPRX	C	0.05%
GPRE	F	0.05%
IRON	C	0.05%
PENN	D	0.05%
PLUG	F	0.05%
KRYS	D	0.05%
AHH	F	0.05%
CAR	D	0.05%
KURA	D	0.05%
REVG	D	0.05%
ARVN	F	0.05%
AXL	F	0.05%
JAMF	F	0.05%
ASTE	F	0.05%
COUR	F	0.05%
LGF.A	F	0.05%
PBI	C	0.05%
SIBN	F	0.05%
CWT	D	0.05%
CGEM	F	0.05%
BKD	D	0.05%
PGNY	F	0.05%
FFBC	D	0.05%
ARLO	F	0.05%
MGNI	D	0.05%
RAMP	F	0.05%
RBBN	D	0.05%
ZUO	F	0.05%
LOPE	D	0.05%
INVX	F	0.05%
RNG	F	0.05%
QS	F	0.05%
AI	F	0.05%
NBHC	D	0.05%
DLX	F	0.05%
ALKT	D	0.05%
TXG	F	0.05%
RUSHA	C	0.05%
PRO	F	0.05%
DNOW	F	0.05%
AMBC	F	0.05%
KLG	D	0.05%
RXRX	F	0.05%
ZEUS	F	0.05%
HLX	D	0.05%
KMPR	D	0.05%
CCRN	F	0.05%
OMI	F	0.05%
ASH	F	0.05%
PAYO	A	0.05%
BEAM	F	0.05%
AVDX	F	0.05%
CBZ	F	0.05%
EPC	F	0.05%
ACEL	C	0.05%
XPEL	D	0.05%
VYX	D	0.05%
ARCB	D	0.05%
BGC	B	0.05%
FOXF	F	0.05%
MRC	D	0.05%
FLYW	F	0.05%
SGH	F	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
XRX	F	0.05%
FTRE	F	0.05%
ETWO	D	0.05%
OMCL	C	0.05%
AWR	B	0.05%
WNC	F	0.05%
VERX	B	0.05%
MLTX	C	0.05%
CRI	D	0.05%
PLAY	D	0.05%
JANX	D	0.05%
CWAN	C	0.05%
CSTL	C	0.05%
ICHR	F	0.05%
PETQ	A	0.05%
SMPL	D	0.05%
HOUS	C	0.05%
VSCO	C	0.05%
VRTS	F	0.05%
MTTR	C	0.05%
EDR	A	0.05%
UAA	B	0.05%
ATGE	C	0.05%
PYCR	D	0.05%
PSMT	B	0.05%
HAYW	B	0.05%
BROS	D	0.05%
GO	F	0.05%
WT	D	0.05%
KELYA	D	0.05%
ATEN	C	0.05%
MNRO	C	0.05%
QDEL	D	0.05%
EMBC	D	0.05%
DYN	D	0.05%
SFBS	D	0.05%
HAFC	D	0.05%
NRIX	D	0.05%
ARWR	F	0.05%
SAVA	D	0.05%
IVR	C	0.05%
VVI	C	0.05%
HCC	D	0.05%
AGIO	D	0.05%
PGRE	D	0.05%
MLNK	F	0.05%
CRAI	B	0.05%
NABL	F	0.05%
CLDX	F	0.05%
ELVN	B	0.05%
RYN	C	0.05%
CHH	C	0.05%
CAKE	B	0.05%
GBX	C	0.05%
ARQT	D	0.05%
AGYS	D	0.05%
OWL	B	0.05%
PTCT	C	0.05%
CNMD	D	0.05%
NOVA	D	0.05%
SMP	D	0.05%
GRBK	B	0.05%
RXST	F	0.05%
SKY	A	0.05%
BNL	B	0.05%
COGT	C	0.05%
YELP	F	0.05%
THRM	F	0.05%
GEF	C	0.05%
IONS	F	0.05%
VREX	F	0.05%
AORT	D	0.05%
SLVM	C	0.05%
COOP	C	0.05%
PRAA	F	0.05%
EE	A	0.05%
AGO	D	0.05%
MMI	C	0.05%
PD	F	0.05%
NYCB	D	0.05%
NBTB	D	0.05%
KVYO	B	0.05%
NEOG	D	0.05%
RUSHB	C	0.05%
EWCZ	F	0.05%
SBH	B	0.05%
CALM	A	0.05%
ARKO	C	0.05%
PLOW	C	0.05%
DOCN	C	0.05%
SHC	C	0.05%
INFN	C	0.05%
GEF	C	0.05%
MASI	C	0.05%
MBUU	D	0.05%
LIVN	D	0.05%
AXSM	C	0.05%
FIVN	F	0.05%
VERA	C	0.05%
CECO	D	0.05%
VNOM	B	0.05%
VBTX	C	0.05%
ZYME	C	0.05%
VSTS	D	0.05%
NTLA	F	0.05%
JELD	D	0.05%
UPST	C	0.05%
CRMT	F	0.04%
APLS	F	0.04%
BRY	F	0.04%
FNA	F	0.04%
AGL	F	0.04%
PLRX	F	0.04%
SEDG	F	0.04%
MDGL	F	0.04%
BASE	F	0.04%
MEG	F	0.04%
CNXC	F	0.04%
ETNB	F	0.04%
CXM	F	0.04%
RCUS	F	0.04%
BRZE	F	0.04%
PTEN	F	0.04%
NUVB	F	0.04%
IART	F	0.04%
SPT	F	0.04%
SWTX	F	0.04%
CLSK	F	0.04%
ASAN	F	0.04%
EGY	D	0.04%
CAL	F	0.04%
GOGO	F	0.04%
ASPN	C	0.04%
NVCR	F	0.04%
MTUS	F	0.04%
CLW	F	0.04%
IMVT	F	0.04%
ANAB	D	0.04%
NCNO	D	0.04%
BE	F	0.04%
LBPH	D	0.04%
RCKT	F	0.04%
LESL	F	0.04%
AMC	F	0.04%
FRSH	F	0.04%
DGII	D	0.04%
MLKN	F	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
PFS	D	0.04%
CDNA	C	0.04%
DK	F	0.04%
NVAX	D	0.04%
STAA	D	0.04%
ESTA	F	0.04%
VSAT	F	0.03%
WOLF	F	0.03%
MC	C	0.02%
DEI	A	0.02%
GDOT	C	0.01%

ESML Underweight 168 Positions Relative to VALQ

Symbol	Grade	Weight
AAPL	C	-2.66%
TEL	D	-2.56%
CMCSA	B	-2.21%
IBM	C	-2.21%
WMT	A	-2.1%
KMB	B	-2.09%
MSI	A	-2.06%
AMZN	C	-2.04%
EBAY	A	-1.96%
CL	D	-1.95%
HD	A	-1.94%
KO	B	-1.93%
ABBV	A	-1.92%
CTAS	C	-1.78%
HPQ	C	-1.76%
ETN	C	-1.75%
NFLX	C	-1.71%
VLTO	C	-1.7%
SPG	A	-1.67%
APH	D	-1.62%
TXN	C	-1.53%
CLX	B	-1.53%
TGT	C	-1.51%
LYB	D	-1.35%
UBER	C	-1.3%
MAS	A	-1.29%
BBY	B	-1.23%
PG	C	-1.13%
OTIS	A	-1.09%
GPC	D	-1.08%
MTD	B	-1.07%
OC	B	-1.04%
ITW	B	-0.9%
CTSH	C	-0.77%
PYPL	B	-0.76%
CAH	B	-0.76%
BMY	B	-0.71%
CI	C	-0.7%
DOX	B	-0.69%
CSCO	A	-0.66%
SEIC	B	-0.65%
GOOGL	C	-0.58%
ALLE	A	-0.57%
QCOM	D	-0.55%
MO	B	-0.52%
REYN	C	-0.51%
ECL	A	-0.47%
FFIV	C	-0.47%
NTAP	D	-0.44%
HUBB	A	-0.41%
AMCR	A	-0.35%
G	A	-0.34%
WSM	C	-0.34%
SHW	B	-0.33%
ZM	B	-0.32%
GWW	A	-0.29%
JBL	D	-0.28%
MSFT	C	-0.27%
DOCU	B	-0.26%
TT	A	-0.25%
QLYS	F	-0.24%
NEU	F	-0.24%
PH	B	-0.24%
MPC	F	-0.23%
UHS	D	-0.23%
FICO	C	-0.21%
CAT	A	-0.21%
KR	B	-0.21%
DVA	B	-0.2%
LAMR	C	-0.18%
LEN	B	-0.18%
ADSK	C	-0.18%
PPG	D	-0.17%
ROST	C	-0.17%
TJX	C	-0.17%
SYY	B	-0.16%
DPZ	D	-0.16%
AMKR	F	-0.16%
IDXX	D	-0.16%
DDS	D	-0.14%
UTHR	B	-0.13%
DKS	D	-0.13%
EME	C	-0.12%
APP	B	-0.12%
EXPE	B	-0.11%
SWKS	F	-0.11%
MMM	B	-0.11%
BKNG	C	-0.1%
META	A	-0.1%
LMT	A	-0.1%
GILD	A	-0.1%
EXEL	C	-0.1%
AKAM	D	-0.09%
SSNC	C	-0.09%
ADBE	F	-0.09%
EPAM	F	-0.09%
FDX	D	-0.09%
TER	D	-0.09%
MLI	B	-0.09%
NTRS	C	-0.09%
INCY	B	-0.09%
JNJ	C	-0.09%
SNA	B	-0.09%
LDOS	A	-0.09%
TAP	D	-0.09%
NVR	A	-0.09%
AIZ	A	-0.09%
FOXA	A	-0.09%
FTNT	C	-0.09%
AMAT	D	-0.09%
PHM	A	-0.09%
STLD	C	-0.09%
EXPD	B	-0.09%
VRSN	C	-0.09%
MSM	D	-0.09%
DGX	C	-0.09%
KEYS	C	-0.09%
GIS	B	-0.09%
ALL	C	-0.09%
OMC	A	-0.09%
PGR	C	-0.09%
FIS	C	-0.09%
STT	C	-0.09%
CSL	A	-0.09%
TWLO	C	-0.09%
PKG	A	-0.09%
JKHY	A	-0.09%
HPE	C	-0.09%
CAG	B	-0.09%
CCK	A	-0.09%
TRMB	B	-0.09%
AVGO	C	-0.09%
RMD	C	-0.09%
BK	C	-0.09%
SAIC	B	-0.09%
SWK	A	-0.09%
SYF	C	-0.09%
MANH	C	-0.09%
AOS	B	-0.09%
HIG	A	-0.09%
QRVO	F	-0.08%
CHTR	D	-0.08%
TSN	D	-0.08%
VLO	F	-0.08%
CNC	F	-0.08%
PARA	F	-0.08%
GM	D	-0.08%
EEFT	F	-0.08%
IQV	F	-0.08%
ELV	F	-0.08%
GDDY	D	-0.08%
TXT	D	-0.08%
EA	D	-0.08%
CPB	D	-0.08%
IGT	F	-0.08%
ADTN	C	-0.08%
KLAC	D	-0.08%
SKX	C	-0.08%
EG	B	-0.08%
TROW	D	-0.08%
FIZZ	C	-0.08%
LRCX	F	-0.08%
K	B	-0.08%
TKR	B	-0.08%
L	D	-0.08%
BRK.A	C	-0.08%
ALLY	F	-0.07%
MCK	F	-0.07%