ESML vs. VBK ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard Small-Cap Growth ETF (VBK)

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

$45.18

Average Daily Volume

88,928

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VBK

Vanguard Small-Cap Growth ETF

VBK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Growth Index, a broadly diversified index of growth stocks of small U.S. companies. 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

$297.55

Average Daily Volume

253,745

Number of Holdings ^*

557

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VBK
30 Days	6.19%	8.47%
60 Days	6.82%	9.98%
90 Days	7.85%	11.56%
12 Months	32.19%	36.30%

329 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VBK	Overlap
AAON	B	0.25%	0.28%	0.25%
ACIW	B	0.16%	0.2%	0.16%
ACVA	B	0.06%	0.09%	0.06%
AEIS	C	0.17%	0.16%	0.16%
AFRM	A	0.23%	0.38%	0.23%
AGIO	C	0.06%	0.1%	0.06%
AGL	F	0.02%	0.03%	0.02%
AI	B	0.05%	0.08%	0.05%
ALHC	C	0.07%	0.05%	0.05%
ALKS	C	0.1%	0.16%	0.1%
ALKT	B	0.05%	0.07%	0.05%
ALRM	C	0.05%	0.09%	0.05%
ALTR	B	0.14%	0.22%	0.14%
AMC	C	0.04%	0.06%	0.04%
ANAB	F	0.03%	0.01%	0.01%
APLS	F	0.03%	0.11%	0.03%
APPF	B	0.11%	0.16%	0.11%
AR	B	0.22%	0.15%	0.15%
ARVN	F	0.05%	0.06%	0.05%
ARWR	D	0.05%	0.09%	0.05%
ASAN	B	0.05%	0.04%	0.04%
ATI	C	0.14%	0.25%	0.14%
ATRC	C	0.07%	0.06%	0.06%
AVAV	C	0.13%	0.23%	0.13%
AWI	A	0.23%	0.23%	0.23%
AXSM	B	0.06%	0.14%	0.06%
AZEK	A	0.13%	0.24%	0.13%
BBIO	F	0.04%	0.13%	0.04%
BCPC	B	0.13%	0.21%	0.13%
BE	B	0.05%	0.07%	0.05%
BEAM	D	0.05%	0.06%	0.05%
BFAM	D	0.2%	0.29%	0.2%
BILL	A	0.14%	0.22%	0.14%
BL	B	0.08%	0.12%	0.08%
BLD	D	0.26%	0.4%	0.26%
BLKB	B	0.12%	0.07%	0.07%
BMI	B	0.3%	0.22%	0.22%
BOOT	C	0.06%	0.14%	0.06%
BOX	B	0.13%	0.17%	0.13%
BPMC	B	0.08%	0.21%	0.08%
BRBR	A	0.1%	0.32%	0.1%
BRKR	D	0.13%	0.23%	0.13%
BROS	A	0.07%	0.14%	0.07%
BRZE	C	0.04%	0.07%	0.04%
BWXT	B	0.3%	0.42%	0.3%
BYD	B	0.06%	0.08%	0.06%
CALM	A	0.06%	0.13%	0.06%
CALX	D	0.05%	0.07%	0.05%
CASY	A	0.52%	0.55%	0.52%
CBZ	B	0.06%	0.12%	0.06%
CCOI	B	0.1%	0.13%	0.1%
CDNA	D	0.03%	0.02%	0.02%
CFLT	B	0.15%	0.21%	0.15%
CGNX	D	0.1%	0.26%	0.1%
CHDN	B	0.14%	0.35%	0.14%
CHE	D	0.14%	0.31%	0.14%
CHH	A	0.06%	0.14%	0.06%
CHWY	B	0.08%	0.12%	0.08%
CHX	C	0.17%	0.2%	0.17%
CIEN	C	0.19%	0.35%	0.19%
CIVI	D	0.05%	0.18%	0.05%
CLB	B	0.06%	0.02%	0.02%
CLH	C	0.06%	0.43%	0.06%
CNK	C	0.09%	0.06%	0.06%
CNM	D	0.22%	0.32%	0.22%
CNMD	C	0.05%	0.08%	0.05%
COHR	B	0.28%	0.27%	0.27%
COKE	C	0.06%	0.21%	0.06%
COLD	D	0.05%	0.28%	0.05%
COLM	C	0.07%	0.05%	0.05%
COUR	F	0.04%	0.03%	0.03%
CRDO	B	0.12%	0.2%	0.12%
CRNX	C	0.11%	0.09%	0.09%
CROX	D	0.15%	0.23%	0.15%
CRS	B	0.15%	0.27%	0.15%
CRVL	B	0.09%	0.11%	0.09%
CUBE	C	0.2%	0.41%	0.2%
CVLT	B	0.22%	0.26%	0.22%
CVNA	B	0.48%	0.55%	0.48%
CW	C	0.23%	0.5%	0.23%
CWAN	B	0.06%	0.16%	0.06%
CWT	C	0.04%	0.12%	0.04%
CXM	C	0.04%	0.03%	0.03%
CYTK	F	0.13%	0.23%	0.13%
CZR	F	0.14%	0.31%	0.14%
DAR	C	0.19%	0.24%	0.19%
DBX	B	0.16%	0.22%	0.16%
DLB	B	0.16%	0.17%	0.16%
DNLI	D	0.1%	0.11%	0.1%
DOCN	C	0.05%	0.08%	0.05%
DOCS	C	0.08%	0.17%	0.08%
DUOL	A	0.18%	0.39%	0.18%
DV	C	0.1%	0.09%	0.09%
DY	D	0.1%	0.09%	0.09%
ELF	C	0.13%	0.23%	0.13%
ENSG	C	0.2%	0.34%	0.2%
ENV	B	0.06%	0.12%	0.06%
EPAC	C	0.13%	0.09%	0.09%
EPRT	B	0.18%	0.21%	0.18%
ESTC	C	0.17%	0.27%	0.17%
ETSY	D	0.1%	0.21%	0.1%
EXLS	B	0.23%	0.24%	0.23%
EXP	B	0.06%	0.36%	0.06%
EXPO	D	0.06%	0.18%	0.06%
FELE	B	0.22%	0.14%	0.14%
FIVE	F	0.1%	0.19%	0.1%
FIVN	C	0.07%	0.08%	0.07%
FIX	A	0.38%	0.53%	0.38%
FLYW	B	0.06%	0.08%	0.06%
FN	C	0.17%	0.33%	0.17%
FND	D	0.2%	0.4%	0.2%
FORM	D	0.04%	0.11%	0.04%
FOUR	A	0.06%	0.22%	0.06%
FOXF	F	0.04%	0.06%	0.04%
FROG	C	0.06%	0.1%	0.06%
FRPT	A	0.19%	0.24%	0.19%
FRSH	B	0.06%	0.09%	0.06%
FSS	B	0.15%	0.19%	0.15%
FTDR	B	0.22%	0.14%	0.14%
FTI	A	0.35%	0.41%	0.35%
GH	B	0.07%	0.1%	0.07%
GKOS	B	0.18%	0.26%	0.18%
GMED	A	0.11%	0.31%	0.11%
GNRC	C	0.22%	0.38%	0.22%
GOGO	C	0.05%	0.01%	0.01%
GTLB	B	0.15%	0.23%	0.15%
GTLS	A	0.14%	0.2%	0.14%
GWRE	A	0.43%	0.58%	0.43%
GXO	B	0.16%	0.27%	0.16%
HAE	C	0.12%	0.14%	0.12%
HALO	F	0.11%	0.24%	0.11%
HCP	B	0.1%	0.19%	0.1%
HGV	C	0.07%	0.1%	0.07%
HHH	B	0.2%	0.09%	0.09%
HIMS	B	0.07%	0.12%	0.07%
HLX	B	0.05%	0.03%	0.03%
HQY	A	0.16%	0.28%	0.16%
HRI	C	0.24%	0.23%	0.23%
HXL	F	0.14%	0.18%	0.14%
IBP	D	0.09%	0.2%	0.09%
IDCC	B	0.14%	0.14%	0.14%
INFN	D	0.05%	0.05%	0.05%
INSM	C	0.21%	0.44%	0.21%
INSP	D	0.08%	0.22%	0.08%
INTA	B	0.08%	0.09%	0.08%
IONS	F	0.05%	0.21%	0.05%
IRDM	D	0.12%	0.12%	0.12%
ITCI	C	0.15%	0.32%	0.15%
ITRI	C	0.2%	0.19%	0.19%
JAMF	F	0.04%	0.05%	0.04%
JBT	B	0.08%	0.13%	0.08%
KNSL	B	0.2%	0.36%	0.2%
KNTK	A	0.18%	0.07%	0.07%
KRYS	C	0.04%	0.17%	0.04%
KTOS	B	0.08%	0.12%	0.08%
KYMR	D	0.05%	0.08%	0.05%
LBRDA	C	0.11%	0.05%	0.05%
LBRDK	C	0.07%	0.36%	0.07%
LCID	F	0.05%	0.1%	0.05%
LCII	C	0.1%	0.05%	0.05%
LECO	C	0.2%	0.41%	0.2%
LESL	D	0.04%	0.0%	0.0%
LEVI	F	0.05%	0.03%	0.03%
LFUS	D	0.14%	0.23%	0.14%
LITE	B	0.1%	0.16%	0.1%
LNN	B	0.08%	0.05%	0.05%
LNTH	D	0.1%	0.29%	0.1%
LNW	F	0.19%	0.32%	0.19%
LOPE	C	0.05%	0.15%	0.05%
LRN	A	0.13%	0.07%	0.07%
LSCC	D	0.15%	0.26%	0.15%
LSTR	D	0.21%	0.24%	0.21%
MARA	B	0.09%	0.18%	0.09%
MASI	B	0.06%	0.26%	0.06%
MC	C	0.02%	0.18%	0.02%
MEDP	D	0.15%	0.3%	0.15%
MGNI	B	0.06%	0.06%	0.06%
MLNK	C	0.05%	0.02%	0.02%
MMS	F	0.04%	0.2%	0.04%
MMSI	A	0.15%	0.21%	0.15%
MOD	A	0.15%	0.22%	0.15%
MODG	F	0.05%	0.03%	0.03%
MORN	B	0.18%	0.35%	0.18%
MQ	D	0.03%	0.1%	0.03%
MRCY	C	0.11%	0.06%	0.06%
MTN	C	0.2%	0.24%	0.2%
MTSI	B	0.09%	0.25%	0.09%
MTZ	B	0.17%	0.15%	0.15%
MWA	B	0.25%	0.13%	0.13%
MXL	C	0.05%	0.02%	0.02%
MYGN	F	0.03%	0.04%	0.03%
NABL	F	0.04%	0.01%	0.01%
NARI	C	0.06%	0.09%	0.06%
NCLH	B	0.24%	0.21%	0.21%
NCNO	C	0.05%	0.12%	0.05%
NEO	C	0.05%	0.07%	0.05%
NEOG	F	0.04%	0.11%	0.04%
NOV	C	0.15%	0.23%	0.15%
NOVA	F	0.02%	0.03%	0.02%
NOVT	D	0.19%	0.23%	0.19%
NTLA	F	0.04%	0.05%	0.04%
NTNX	B	0.36%	0.59%	0.36%
NTRA	A	0.31%	0.54%	0.31%
NVAX	F	0.03%	0.06%	0.03%
NVCR	C	0.04%	0.06%	0.04%
OII	B	0.06%	0.09%	0.06%
OLED	F	0.08%	0.31%	0.08%
OLLI	D	0.12%	0.21%	0.12%
ONTO	F	0.21%	0.37%	0.21%
OPCH	D	0.09%	0.15%	0.09%
ORA	B	0.11%	0.17%	0.11%
OSCR	D	0.04%	0.12%	0.04%
OWL	A	0.06%	0.44%	0.06%
PATH	C	0.11%	0.2%	0.11%
PAYO	A	0.06%	0.09%	0.06%
PCOR	B	0.17%	0.26%	0.17%
PCTY	C	0.2%	0.29%	0.2%
PCVX	D	0.21%	0.47%	0.21%
PD	C	0.05%	0.06%	0.05%
PEB	D	0.06%	0.05%	0.05%
PECO	A	0.07%	0.09%	0.07%
PEGA	B	0.11%	0.14%	0.11%
PEN	B	0.17%	0.32%	0.17%
PGNY	F	0.04%	0.04%	0.04%
PGRE	F	0.05%	0.03%	0.03%
PI	D	0.07%	0.17%	0.07%
PJT	A	0.1%	0.11%	0.1%
PLAY	D	0.06%	0.04%	0.04%
PLMR	A	0.08%	0.04%	0.04%
PLNT	A	0.2%	0.25%	0.2%
PLUG	F	0.04%	0.07%	0.04%
PNFP	B	0.3%	0.15%	0.15%
POST	C	0.09%	0.1%	0.09%
POWI	F	0.06%	0.13%	0.06%
PR	B	0.19%	0.16%	0.16%
PRCT	B	0.08%	0.17%	0.08%
PRO	C	0.06%	0.03%	0.03%
PRVA	C	0.08%	0.07%	0.07%
PTCT	B	0.06%	0.12%	0.06%
PYCR	B	0.06%	0.05%	0.05%
QS	F	0.04%	0.07%	0.04%
QTWO	A	0.12%	0.18%	0.12%
RAMP	B	0.05%	0.06%	0.05%
RARE	F	0.07%	0.17%	0.07%
RCKT	F	0.04%	0.02%	0.02%
RCM	A	0.06%	0.08%	0.06%
RCUS	F	0.04%	0.01%	0.01%
RDNT	B	0.1%	0.16%	0.1%
REXR	F	0.31%	0.33%	0.31%
RGEN	D	0.16%	0.27%	0.16%
RGLD	C	0.29%	0.36%	0.29%
RH	C	0.06%	0.18%	0.06%
RHP	B	0.19%	0.23%	0.19%
RKLB	A	0.12%	0.15%	0.12%
RMBS	B	0.14%	0.2%	0.14%
ROCK	C	0.06%	0.04%	0.04%
ROG	D	0.07%	0.07%	0.07%
ROIV	C	0.06%	0.19%	0.06%
RUN	F	0.05%	0.12%	0.05%
RVMD	C	0.1%	0.31%	0.1%
RXO	D	0.1%	0.07%	0.07%
RXRX	F	0.04%	0.06%	0.04%
RYAN	A	0.14%	0.24%	0.14%
S	B	0.12%	0.27%	0.12%
SAIA	B	0.28%	0.49%	0.28%
SFBS	C	0.06%	0.08%	0.06%
SHAK	C	0.09%	0.18%	0.09%
SHC	F	0.05%	0.09%	0.05%
SHOO	F	0.11%	0.06%	0.06%
SITE	F	0.16%	0.24%	0.16%
SKY	A	0.05%	0.17%	0.05%
SLAB	F	0.09%	0.13%	0.09%
SM	B	0.06%	0.09%	0.06%
SMAR	B	0.14%	0.28%	0.14%
SMPL	B	0.05%	0.12%	0.05%
SMTC	B	0.06%	0.13%	0.06%
SOFI	B	0.22%	0.41%	0.22%
SONO	C	0.07%	0.06%	0.06%
SPR	D	0.05%	0.14%	0.05%
SPSC	D	0.16%	0.23%	0.16%
SPT	C	0.04%	0.05%	0.04%
SRPT	F	0.18%	0.43%	0.18%
SSD	F	0.1%	0.29%	0.1%
STAA	F	0.03%	0.05%	0.03%
SWTX	C	0.05%	0.08%	0.05%
TDOC	C	0.06%	0.06%	0.06%
TENB	C	0.1%	0.17%	0.1%
TGI	B	0.06%	0.01%	0.01%
TGTX	B	0.06%	0.13%	0.06%
THRM	F	0.05%	0.05%	0.05%
TKO	A	0.16%	0.3%	0.16%
TMDX	F	0.05%	0.1%	0.05%
TNC	D	0.05%	0.06%	0.05%
TNDM	D	0.04%	0.08%	0.04%
TNET	F	0.08%	0.1%	0.08%
TPX	B	0.14%	0.3%	0.14%
TREX	C	0.07%	0.29%	0.07%
TRNO	F	0.1%	0.22%	0.1%
TWST	F	0.05%	0.09%	0.05%
TXG	F	0.03%	0.06%	0.03%
TXRH	B	0.11%	0.48%	0.11%
U	C	0.09%	0.21%	0.09%
UPST	B	0.09%	0.14%	0.09%
VC	F	0.1%	0.05%	0.05%
VECO	F	0.1%	0.06%	0.06%
VERX	A	0.06%	0.09%	0.06%
VKTX	F	0.11%	0.29%	0.11%
VRNS	D	0.06%	0.2%	0.06%
VRRM	F	0.06%	0.15%	0.06%
W	D	0.06%	0.15%	0.06%
WDFC	B	0.11%	0.13%	0.11%
WEX	D	0.25%	0.27%	0.25%
WFRD	D	0.15%	0.22%	0.15%
WH	B	0.15%	0.26%	0.15%
WHD	B	0.12%	0.15%	0.12%
WING	D	0.19%	0.32%	0.19%
WK	B	0.2%	0.15%	0.15%
WMS	F	0.21%	0.44%	0.21%
WOLF	F	0.03%	0.06%	0.03%
WRBY	A	0.07%	0.06%	0.06%
WSC	F	0.17%	0.23%	0.17%
WWD	C	0.19%	0.37%	0.19%
XHR	B	0.07%	0.03%	0.03%
XPO	B	0.33%	0.27%	0.27%
XPRO	D	0.05%	0.05%	0.05%
YELP	C	0.05%	0.08%	0.05%
YETI	D	0.12%	0.11%	0.11%
ZI	D	0.09%	0.13%	0.09%
ZUO	B	0.05%	0.05%	0.05%

ESML Overweight 575 Positions Relative to VBK

Symbol	Grade	Weight
JHG	B	0.51%
USFD	A	0.49%
SFM	A	0.43%
INGR	C	0.42%
EWBC	A	0.4%
KBR	F	0.35%
AYI	B	0.34%
JLL	D	0.34%
MUSA	B	0.34%
FLEX	B	0.33%
IBKR	A	0.32%
FRT	B	0.31%
OGS	A	0.31%
OSK	C	0.3%
GBCI	B	0.3%
RGA	A	0.3%
SNV	C	0.3%
SIGI	C	0.29%
TPR	B	0.29%
EHC	B	0.29%
R	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
DTM	A	0.28%
ITT	A	0.28%
SCI	B	0.27%
TOL	B	0.27%
AVT	C	0.27%
UMBF	B	0.27%
WBS	A	0.27%
SSB	B	0.27%
AXTA	B	0.27%
GPK	C	0.26%
ALSN	B	0.26%
UNM	A	0.25%
DCI	B	0.25%
RRC	B	0.25%
BJ	A	0.25%
PRGS	A	0.24%
WCC	B	0.24%
FTAI	A	0.24%
UGI	C	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
REZI	A	0.23%
CBSH	B	0.23%
ARMK	B	0.23%
PRI	B	0.23%
ALK	B	0.23%
FHN	A	0.23%
THC	D	0.23%
MTG	C	0.23%
LAD	A	0.22%
WAL	B	0.22%
CMC	B	0.22%
EGP	D	0.21%
CDP	C	0.21%
CMA	B	0.21%
CACI	D	0.21%
WTS	B	0.21%
CUZ	B	0.21%
RHI	C	0.21%
GME	C	0.21%
NJR	A	0.21%
CNO	B	0.2%
HOG	D	0.2%
BDC	C	0.2%
WHR	B	0.2%
FBP	C	0.2%
KBH	D	0.2%
TGNA	B	0.2%
OMF	A	0.2%
NFG	A	0.2%
ZION	B	0.2%
BHLB	B	0.2%
RLI	A	0.2%
ZWS	B	0.2%
AVA	A	0.19%
AMG	B	0.19%
FCN	F	0.19%
LUMN	C	0.19%
HAS	D	0.19%
ONB	C	0.19%
AXS	A	0.19%
HRB	D	0.19%
OHI	C	0.19%
SNDR	B	0.19%
GPI	B	0.19%
AA	A	0.19%
CR	A	0.19%
NVT	B	0.19%
BANR	B	0.18%
SF	B	0.18%
NYT	D	0.18%
BWA	D	0.18%
SPXC	A	0.18%
THG	A	0.18%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
MTH	D	0.17%
LAZ	B	0.17%
BERY	C	0.17%
PCH	F	0.17%
TMHC	C	0.17%
PLXS	B	0.17%
ASB	B	0.17%
VVV	D	0.17%
LPX	B	0.17%
UBSI	B	0.17%
MSA	F	0.17%
GATX	A	0.17%
KTB	B	0.16%
BRX	A	0.16%
MYRG	B	0.16%
TTEK	F	0.16%
FAF	A	0.16%
EAT	A	0.16%
TNL	A	0.16%
SLM	A	0.16%
BCC	B	0.16%
BHE	C	0.16%
JAZZ	B	0.16%
FLS	B	0.16%
ELAN	D	0.16%
VOYA	B	0.16%
PVH	C	0.16%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
CRUS	D	0.15%
CPF	B	0.15%
ANF	F	0.15%
AM	A	0.15%
VNT	C	0.15%
FIBK	B	0.15%
RRX	B	0.15%
HNI	B	0.15%
PINC	B	0.14%
OZK	B	0.14%
BECN	B	0.14%
X	B	0.14%
ESI	B	0.14%
SR	A	0.14%
TPH	D	0.14%
PRIM	A	0.14%
ACA	A	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
ASGN	F	0.14%
JXN	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
M	F	0.13%
HESM	B	0.13%
CAVA	B	0.13%
AIT	B	0.13%
MAT	D	0.13%
STRL	A	0.13%
CBT	D	0.13%
PDCO	F	0.13%
FYBR	C	0.13%
ORI	A	0.13%
KNF	B	0.13%
KLIC	B	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CPK	A	0.13%
MUR	D	0.13%
NPO	A	0.13%
WTM	A	0.13%
VMI	B	0.13%
COLB	B	0.13%
CABO	B	0.13%
AGCO	D	0.13%
HIW	C	0.13%
CVBF	A	0.12%
AGNC	C	0.12%
EVR	B	0.12%
DFIN	D	0.12%
KOS	D	0.12%
WGO	C	0.12%
GL	C	0.12%
ABG	C	0.12%
WERN	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
GAP	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
JEF	A	0.11%
DXC	B	0.11%
KRC	B	0.11%
ABCB	B	0.11%
AUB	B	0.11%
LYFT	C	0.11%
XENE	D	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
SON	F	0.11%
ADC	A	0.11%
KAR	B	0.11%
CFR	B	0.1%
NWL	C	0.1%
TDC	D	0.1%
HASI	D	0.1%
ERII	D	0.1%
AROC	A	0.1%
SCL	C	0.1%
TRN	B	0.1%
FA	C	0.1%
CAC	C	0.1%
STWD	C	0.1%
FUL	F	0.1%
NXT	C	0.1%
SLG	B	0.1%
BHVN	D	0.1%
DRS	B	0.1%
APAM	B	0.1%
CRC	A	0.1%
PFSI	C	0.1%
FLR	B	0.1%
AL	B	0.1%
RDUS	B	0.1%
KD	B	0.1%
SIG	B	0.1%
AMAL	B	0.1%
ALTM	B	0.1%
PSN	D	0.1%
LEA	F	0.1%
VNO	C	0.09%
OGN	F	0.09%
AMED	F	0.09%
RNA	C	0.09%
ABM	B	0.09%
NMIH	C	0.09%
ARW	D	0.09%
KFY	B	0.09%
WEN	D	0.09%
RDN	D	0.09%
MGRC	B	0.09%
FR	D	0.09%
CURB	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	C	0.09%
SJW	F	0.09%
ATKR	D	0.09%
HWC	B	0.09%
BRC	D	0.09%
IMAX	B	0.09%
LNC	C	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	0.08%
SBRA	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
IESC	C	0.08%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	C	0.08%
ACLX	C	0.08%
SNX	D	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
BPOP	C	0.08%
ST	F	0.08%
ALG	B	0.08%
SASR	B	0.08%
PLYA	B	0.08%
LBPH	A	0.08%
TEX	F	0.08%
INDB	B	0.08%
ENOV	C	0.08%
VAC	C	0.08%
TDS	B	0.08%
PIPR	A	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	C	0.08%
AEO	F	0.08%
HR	B	0.08%
NTGR	B	0.08%
UNIT	B	0.08%
BOH	B	0.08%
STC	B	0.08%
MAC	B	0.08%
GVA	A	0.08%
ZD	B	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	A	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
UEC	B	0.07%
CWEN	C	0.07%
WU	F	0.07%
GT	C	0.07%
ESRT	C	0.07%
SEE	C	0.07%
HAFC	B	0.07%
VSCO	C	0.07%
CWK	C	0.07%
GTES	A	0.07%
BDN	C	0.07%
ESNT	F	0.07%
VVX	C	0.07%
ENR	B	0.07%
AVNT	B	0.07%
PRGO	C	0.07%
ZYME	C	0.07%
SEM	B	0.07%
AZTA	D	0.07%
MHK	D	0.07%
HWKN	B	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	C	0.07%
CTS	C	0.07%
WTFC	A	0.07%
AN	C	0.07%
SXT	C	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CAR	C	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
AAP	D	0.06%
TMCI	C	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	B	0.06%
DCO	C	0.06%
VERA	C	0.06%
RBBN	C	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	D	0.06%
MBUU	B	0.06%
MOV	D	0.06%
NRIX	C	0.06%
LXP	D	0.06%
VRNT	C	0.06%
JWN	D	0.06%
CMCO	C	0.06%
ATEN	A	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
AGO	B	0.06%
CAKE	C	0.06%
RUSHB	C	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	B	0.06%
ANDE	D	0.06%
VBTX	B	0.06%
HELE	C	0.06%
CART	C	0.06%
PLUS	F	0.06%
NVST	B	0.06%
PPBI	C	0.06%
APG	B	0.06%
IDYA	F	0.06%
HURN	C	0.06%
EYE	C	0.06%
PK	C	0.06%
ADMA	B	0.06%
MNKD	C	0.06%
CCS	D	0.06%
TALO	C	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
KE	C	0.06%
FUN	C	0.06%
KREF	C	0.06%
CLF	F	0.06%
MRUS	F	0.06%
MAN	F	0.06%
VRDN	D	0.06%
PDM	D	0.06%
PAHC	C	0.06%
UPBD	B	0.06%
IBOC	B	0.06%
WD	D	0.06%
VVI	C	0.06%
FFIN	B	0.06%
COMP	B	0.06%
BANC	B	0.06%
CBU	B	0.06%
KLG	B	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
HZO	F	0.05%
BNL	D	0.05%
AXL	C	0.05%
PBI	B	0.05%
NUVB	C	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
RYN	D	0.05%
PLOW	D	0.05%
ARKO	C	0.05%
CECO	B	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%
VSTS	C	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
CLVT	D	0.05%
XRAY	F	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
BASE	B	0.05%
WNC	C	0.05%
MLTX	B	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
MPW	F	0.05%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
AWR	B	0.05%
XPEL	B	0.05%
PFS	B	0.05%
EDR	A	0.05%
DGII	C	0.05%
REVG	C	0.05%
PRAA	D	0.05%
HAIN	D	0.05%
MRC	B	0.05%
MNRO	D	0.05%
WKC	C	0.05%
SMP	C	0.05%
VITL	D	0.05%
ELVN	D	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
HAYW	B	0.05%
EMBC	C	0.05%
SLVM	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	C	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
CC	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	B	0.05%
GEF	A	0.05%
ADUS	D	0.05%
LIVN	F	0.05%
AORT	B	0.05%
SBH	C	0.05%
KMPR	A	0.05%
EPR	C	0.05%
MDGL	B	0.05%
ASTE	C	0.05%
CUBI	B	0.05%
KVYO	C	0.05%
UFPT	C	0.05%
RNG	C	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
ARQT	B	0.05%
GEF	A	0.05%
NUVL	C	0.05%
LEG	F	0.05%
JBGS	F	0.05%
UAA	C	0.05%
RUSHA	C	0.05%
COOP	B	0.05%
NBHC	C	0.05%
AGYS	A	0.05%
CRAI	C	0.05%
OMI	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
BKD	F	0.04%
CAL	F	0.04%
HOUS	F	0.04%
GPRE	F	0.04%
FLGT	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
XRX	F	0.04%
CRI	F	0.04%
PRTA	F	0.04%
CLDX	F	0.04%
EGY	D	0.04%
ESTA	D	0.04%
ARCT	F	0.04%
CGEM	F	0.04%
SAVA	C	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
MLKN	F	0.04%
IMVT	F	0.04%
MTUS	C	0.04%
AMN	F	0.04%
ASH	F	0.04%
DYN	F	0.04%
PLRX	D	0.04%
HL	D	0.04%
DK	C	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
FLO	D	0.04%
PTEN	C	0.04%
MEI	F	0.04%
IVR	F	0.04%
LGF.A	C	0.04%
THS	D	0.04%
UCB	A	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	F	0.04%
MEG	F	0.03%
SITC	D	0.03%
CNXC	F	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
CRMT	D	0.03%
CCRN	F	0.03%
CPRI	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
JELD	F	0.03%
KELYA	F	0.03%
VSAT	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	D	0.01%

ESML Underweight 228 Positions Relative to VBK

Symbol	Grade	Weight
AXON	A	-1.15%
DECK	A	-0.93%
PTC	B	-0.8%
LII	A	-0.73%
APP	B	-0.72%
TRGP	A	-0.69%
MSTR	B	-0.67%
HOOD	B	-0.65%
DKNG	B	-0.62%
WSO	A	-0.62%
MANH	D	-0.61%
ENTG	D	-0.6%
PSTG	D	-0.59%
RBA	A	-0.59%
DT	D	-0.58%
DOCU	B	-0.54%
GGG	B	-0.52%
JKHY	D	-0.5%
EXAS	D	-0.48%
NDSN	B	-0.48%
TOST	B	-0.47%
HST	C	-0.46%
NBIX	C	-0.46%
ELS	C	-0.45%
TWLO	A	-0.44%
TECH	F	-0.44%
TPL	A	-0.43%
ERIE	D	-0.43%
AMH	C	-0.42%
LW	C	-0.42%
PAYC	B	-0.41%
EQT	B	-0.41%
DAY	B	-0.4%
MKTX	D	-0.39%
CTLT	C	-0.38%
IOT	A	-0.36%
HLI	A	-0.35%
CRL	D	-0.35%
MTCH	D	-0.35%
EXEL	B	-0.34%
AOS	F	-0.34%
WYNN	C	-0.34%
TTC	C	-0.32%
PODD	C	-0.31%
SKX	D	-0.31%
ROKU	D	-0.31%
RBC	A	-0.31%
UDR	B	-0.26%
GNTX	C	-0.26%
POOL	C	-0.25%
H	B	-0.24%
CWST	A	-0.23%
CTRE	C	-0.23%
INCY	C	-0.23%
LAMR	C	-0.22%
MTDR	B	-0.22%
CSWI	B	-0.22%
KRG	B	-0.21%
CELH	F	-0.19%
ZETA	D	-0.19%
HLNE	B	-0.18%
CORT	B	-0.17%
IRT	A	-0.17%
MGY	A	-0.17%
MSGS	A	-0.16%
QLYS	B	-0.16%
EEFT	B	-0.16%
RIVN	F	-0.16%
AXNX	A	-0.14%
IIPR	D	-0.14%
NEU	D	-0.14%
SGBX	F	-0.13%
LANC	C	-0.13%
FOLD	F	-0.13%
YOU	D	-0.13%
RIG	D	-0.13%
NOG	B	-0.13%
RDDT	A	-0.12%
VAL	F	-0.12%
SITM	B	-0.12%
ACLS	F	-0.11%
TDW	F	-0.11%
NSA	C	-0.11%
PTON	A	-0.11%
DORM	B	-0.11%
RIOT	C	-0.1%
SAM	C	-0.1%
LBRT	D	-0.1%
RPD	B	-0.1%
DIOD	D	-0.1%
CARG	B	-0.1%
EVH	F	-0.1%
VCYT	B	-0.1%
ALGM	D	-0.1%
CNS	B	-0.1%
IRTC	C	-0.09%
ASTH	F	-0.09%
AMR	C	-0.09%
GSHD	A	-0.09%
LGIH	F	-0.08%
CACC	D	-0.08%
MP	C	-0.08%
JOE	F	-0.08%
IPAR	B	-0.08%
AMBA	B	-0.08%
SGRY	F	-0.08%
TRUP	B	-0.07%
STEP	C	-0.07%
ACAD	C	-0.07%
LTH	C	-0.07%
PCT	C	-0.07%
JJSF	C	-0.07%
KAI	B	-0.07%
HP	C	-0.06%
CVCO	A	-0.06%
TRIP	F	-0.06%
UPWK	B	-0.06%
RDFN	D	-0.05%
CEIX	A	-0.05%
CERT	F	-0.05%
LMND	B	-0.05%
HRMY	D	-0.05%
RLJ	C	-0.05%
RRR	F	-0.05%
APPN	B	-0.05%
FLNC	D	-0.05%
ENVX	F	-0.05%
XNCR	B	-0.05%
SHLS	F	-0.04%
EXTR	C	-0.04%
RVLV	A	-0.04%
AHCO	F	-0.04%
TFIN	B	-0.04%
AMRC	F	-0.04%
ALGT	B	-0.04%
JBI	F	-0.04%
KWR	C	-0.04%
EXPI	D	-0.04%
OPEN	F	-0.04%
NFE	D	-0.04%
FIZZ	C	-0.04%
SDGR	C	-0.04%
VICR	C	-0.04%
KW	C	-0.04%
UTZ	D	-0.04%
IAS	C	-0.04%
SABR	C	-0.04%
AESI	B	-0.04%
LOB	C	-0.03%
HSTM	B	-0.03%
SHEN	F	-0.03%
PTLO	F	-0.03%
DFH	D	-0.03%
TFSL	A	-0.03%
MCW	C	-0.03%
YEXT	B	-0.03%
RSI	A	-0.03%
UDMY	D	-0.03%
GSAT	C	-0.03%
FIGS	F	-0.03%
VIR	D	-0.03%
BCRX	D	-0.03%
VZIO	A	-0.03%
JBLU	F	-0.03%
CRK	B	-0.03%
DRVN	B	-0.03%
XMTR	B	-0.03%
RLAY	F	-0.03%
MRVI	F	-0.03%
CENX	B	-0.03%
FSLY	D	-0.03%
SSTK	F	-0.02%
BJRI	C	-0.02%
ARHS	F	-0.02%
PAY	A	-0.02%
SANA	F	-0.02%
ARRY	F	-0.02%
TR	B	-0.02%
GDRX	F	-0.02%
DJT	C	-0.02%
CHPT	F	-0.02%
PHR	F	-0.02%
PX	A	-0.02%
INST	B	-0.02%
IBTA	C	-0.02%
CMPR	D	-0.02%
CTKB	C	-0.02%
OLO	A	-0.02%
IRWD	F	-0.02%
ULCC	D	-0.02%
RES	D	-0.02%
MAX	F	-0.02%
LPRO	B	-0.02%
CWH	B	-0.02%
UWMC	D	-0.02%
PUBM	C	-0.02%
NRDS	C	-0.02%
QXO	D	-0.02%
IBUY	B	-0.02%
LFST	B	-0.02%
SEMR	C	-0.02%
LAZR	D	-0.01%
ANGI	F	-0.01%
BIGC	B	-0.01%
SAGE	F	-0.01%
RGNX	D	-0.01%
DH	F	-0.01%
OPK	C	-0.01%
TWKS	B	-0.01%
PL	B	-0.01%
BOWL	C	-0.01%
ALX	D	-0.01%
HPK	B	-0.01%
ENFN	B	-0.01%
CRSR	C	-0.01%
ZIP	D	-0.01%
LASR	D	-0.01%
VMEO	B	-0.01%
HGTY	B	-0.01%
ADPT	C	-0.01%
SNCY	C	-0.01%
GRC	A	-0.01%
VBK	A	-0.0%
SCWX	C	-0.0%
ZNTL	F	-0.0%
TASK	C	-0.0%
PRME	F	-0.0%
INNV	F	-0.0%