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

$40.98

Average Daily Volume

116,531

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

$263.73

Average Daily Volume

280,061

Number of Holdings ^*

471

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VBK
30 Days	0.19%	1.62%
60 Days	0.40%	7.51%
90 Days	8.24%	6.37%
12 Months	28.55%	28.63%

309 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VBK	Overlap
AAON	A	0.21%	0.25%	0.21%
ACIW	B	0.15%	0.21%	0.15%
ACVA	C	0.07%	0.1%	0.07%
AEIS	F	0.16%	0.16%	0.16%
AFRM	C	0.19%	0.39%	0.19%
AGIO	D	0.05%	0.1%	0.05%
AGL	F	0.04%	0.05%	0.04%
AI	F	0.05%	0.07%	0.05%
ALHC	B	0.06%	0.03%	0.03%
ALKS	B	0.1%	0.19%	0.1%
ALKT	D	0.05%	0.06%	0.05%
ALRM	F	0.04%	0.11%	0.04%
ALTR	B	0.14%	0.2%	0.14%
APLS	F	0.04%	0.16%	0.04%
APPF	C	0.12%	0.18%	0.12%
AR	B	0.21%	0.16%	0.16%
ARVN	F	0.05%	0.06%	0.05%
ARWR	F	0.05%	0.11%	0.05%
ASAN	F	0.04%	0.05%	0.04%
ATI	B	0.18%	0.31%	0.18%
ATRC	C	0.06%	0.05%	0.05%
AVAV	B	0.13%	0.22%	0.13%
AWI	A	0.21%	0.22%	0.21%
AXSM	B	0.05%	0.13%	0.05%
AZEK	C	0.14%	0.24%	0.14%
BBIO	F	0.05%	0.15%	0.05%
BCPC	C	0.14%	0.22%	0.14%
BE	F	0.04%	0.09%	0.04%
BEAM	F	0.05%	0.08%	0.05%
BFAM	C	0.28%	0.32%	0.28%
BILL	D	0.09%	0.21%	0.09%
BL	D	0.07%	0.11%	0.07%
BLD	C	0.3%	0.49%	0.3%
BLKB	C	0.13%	0.08%	0.08%
BMI	A	0.31%	0.24%	0.24%
BOOT	A	0.08%	0.16%	0.08%
BOX	C	0.13%	0.18%	0.13%
BPMC	F	0.08%	0.23%	0.08%
BRBR	C	0.09%	0.29%	0.09%
BRKR	D	0.17%	0.28%	0.17%
BROS	F	0.05%	0.11%	0.05%
BRZE	F	0.04%	0.1%	0.04%
BWXT	A	0.26%	0.37%	0.26%
BYD	C	0.06%	0.16%	0.06%
CALM	B	0.05%	0.11%	0.05%
CALX	C	0.07%	0.08%	0.07%
CASY	D	0.5%	0.52%	0.5%
CBZ	F	0.05%	0.14%	0.05%
CCOI	B	0.1%	0.12%	0.1%
CFLT	F	0.11%	0.17%	0.11%
CGNX	F	0.11%	0.27%	0.11%
CHDN	D	0.13%	0.36%	0.13%
CHE	C	0.15%	0.35%	0.15%
CHH	B	0.05%	0.13%	0.05%
CHWY	C	0.08%	0.12%	0.08%
CHX	D	0.17%	0.23%	0.17%
CIEN	A	0.18%	0.33%	0.18%
CIVI	F	0.06%	0.24%	0.06%
CLH	C	0.06%	0.47%	0.06%
CNM	F	0.25%	0.36%	0.25%
CNMD	D	0.05%	0.09%	0.05%
COHR	B	0.27%	0.23%	0.23%
COKE	B	0.06%	0.26%	0.06%
COLD	D	0.07%	0.32%	0.07%
COLM	B	0.07%	0.1%	0.07%
COUR	F	0.05%	0.03%	0.03%
CRDO	B	0.1%	0.18%	0.1%
CROX	C	0.23%	0.33%	0.23%
CRS	C	0.14%	0.27%	0.14%
CRVL	C	0.09%	0.12%	0.09%
CUBE	C	0.23%	0.46%	0.23%
CVLT	C	0.21%	0.26%	0.21%
CVNA	A	0.36%	0.62%	0.36%
CW	A	0.22%	0.47%	0.22%
CWAN	C	0.05%	0.15%	0.05%
CWT	D	0.05%	0.12%	0.05%
CXM	F	0.04%	0.04%	0.04%
CYTK	F	0.13%	0.26%	0.13%
CZR	B	0.16%	0.3%	0.16%
DAR	F	0.18%	0.26%	0.18%
DBX	B	0.15%	0.23%	0.15%
DLB	D	0.17%	0.17%	0.17%
DNLI	C	0.11%	0.1%	0.1%
DOCN	C	0.05%	0.08%	0.05%
DOCS	A	0.07%	0.15%	0.07%
DUOL	B	0.16%	0.29%	0.16%
DV	F	0.09%	0.11%	0.09%
DY	C	0.11%	0.09%	0.09%
ELF	F	0.13%	0.31%	0.13%
ENSG	D	0.21%	0.34%	0.21%
ENV	C	0.07%	0.12%	0.07%
EPAC	C	0.12%	0.09%	0.09%
EPRT	C	0.2%	0.22%	0.2%
ESTC	F	0.16%	0.26%	0.16%
ETSY	F	0.11%	0.25%	0.11%
EXLS	A	0.2%	0.22%	0.2%
EXP	C	0.06%	0.34%	0.06%
EXPO	A	0.07%	0.21%	0.07%
FELE	C	0.23%	0.16%	0.16%
FIVE	D	0.12%	0.15%	0.12%
FIVN	F	0.05%	0.09%	0.05%
FIX	A	0.36%	0.49%	0.36%
FLYW	F	0.05%	0.08%	0.05%
FN	B	0.17%	0.34%	0.17%
FND	C	0.24%	0.45%	0.24%
FORM	F	0.05%	0.15%	0.05%
FOUR	B	0.06%	0.2%	0.06%
FOXF	F	0.05%	0.07%	0.05%
FROG	F	0.06%	0.09%	0.06%
FRPT	C	0.18%	0.26%	0.18%
FRSH	F	0.04%	0.1%	0.04%
FSS	B	0.16%	0.23%	0.16%
FTDR	C	0.2%	0.15%	0.15%
FTI	B	0.33%	0.43%	0.33%
GH	F	0.06%	0.12%	0.06%
GKOS	B	0.17%	0.25%	0.17%
GMED	D	0.1%	0.32%	0.1%
GNRC	B	0.19%	0.37%	0.19%
GTLB	D	0.14%	0.21%	0.14%
GTLS	F	0.11%	0.2%	0.11%
GWRE	A	0.41%	0.48%	0.41%
GXO	D	0.15%	0.23%	0.15%
HAE	D	0.11%	0.15%	0.11%
HALO	D	0.12%	0.32%	0.12%
HCP	B	0.1%	0.19%	0.1%
HGV	F	0.06%	0.11%	0.06%
HHH	C	0.2%	0.09%	0.09%
HIMS	B	0.06%	0.09%	0.06%
HLX	D	0.05%	0.03%	0.03%
HQY	C	0.14%	0.27%	0.14%
HRI	C	0.18%	0.15%	0.15%
HXL	F	0.15%	0.21%	0.15%
IBP	B	0.12%	0.21%	0.12%
IDCC	A	0.11%	0.07%	0.07%
INFN	C	0.05%	0.05%	0.05%
INSM	D	0.23%	0.48%	0.23%
INSP	B	0.1%	0.21%	0.1%
INTA	C	0.07%	0.09%	0.07%
IONS	F	0.05%	0.24%	0.05%
IRDM	B	0.13%	0.11%	0.11%
ITCI	D	0.14%	0.29%	0.14%
ITRI	C	0.18%	0.18%	0.18%
JAMF	F	0.05%	0.06%	0.05%
JBT	B	0.07%	0.11%	0.07%
KNSL	D	0.2%	0.42%	0.2%
KNTK	B	0.15%	0.07%	0.07%
KRYS	D	0.05%	0.1%	0.05%
KTOS	A	0.07%	0.13%	0.07%
KYMR	D	0.06%	0.09%	0.06%
LBRDA	B	0.1%	0.04%	0.04%
LBRDK	B	0.06%	0.28%	0.06%
LCID	D	0.09%	0.14%	0.09%
LCII	B	0.11%	0.11%	0.11%
LECO	D	0.19%	0.43%	0.19%
LEVI	B	0.06%	0.04%	0.04%
LFUS	C	0.15%	0.26%	0.15%
LITE	A	0.08%	0.08%	0.08%
LNN	C	0.09%	0.05%	0.05%
LNTH	C	0.14%	0.29%	0.14%
LNW	F	0.2%	0.39%	0.2%
LOPE	D	0.05%	0.17%	0.05%
LRN	C	0.11%	0.07%	0.07%
LSCC	D	0.17%	0.25%	0.17%
LSTR	D	0.22%	0.26%	0.22%
MARA	F	0.08%	0.17%	0.08%
MASI	B	0.05%	0.23%	0.05%
MC	C	0.02%	0.09%	0.02%
MEDP	F	0.15%	0.34%	0.15%
MGNI	D	0.05%	0.07%	0.05%
MMS	B	0.05%	0.22%	0.05%
MMSI	C	0.15%	0.21%	0.15%
MOD	B	0.18%	0.24%	0.18%
MODG	F	0.06%	0.05%	0.05%
MORN	C	0.18%	0.34%	0.18%
MQ	F	0.05%	0.09%	0.05%
MRCY	B	0.11%	0.07%	0.07%
MTN	D	0.22%	0.27%	0.22%
MTSI	B	0.08%	0.25%	0.08%
MTZ	B	0.16%	0.14%	0.14%
MWA	A	0.23%	0.13%	0.13%
NARI	F	0.06%	0.08%	0.06%
NCLH	C	0.2%	0.15%	0.15%
NCNO	F	0.04%	0.09%	0.04%
NEO	F	0.05%	0.08%	0.05%
NEOG	D	0.05%	0.13%	0.05%
NOV	F	0.16%	0.27%	0.16%
NOVA	D	0.05%	0.05%	0.05%
NOVT	C	0.21%	0.26%	0.21%
NTLA	F	0.05%	0.08%	0.05%
NTNX	C	0.33%	0.6%	0.33%
NTRA	A	0.26%	0.54%	0.26%
NVAX	C	0.04%	0.06%	0.04%
NVCR	F	0.04%	0.08%	0.04%
OII	D	0.06%	0.11%	0.06%
OLED	C	0.1%	0.34%	0.1%
OLLI	C	0.13%	0.21%	0.13%
ONTO	B	0.3%	0.41%	0.3%
OPCH	F	0.13%	0.22%	0.13%
ORA	C	0.11%	0.17%	0.11%
OSCR	C	0.06%	0.13%	0.06%
OWL	A	0.05%	0.35%	0.05%
PATH	D	0.11%	0.21%	0.11%
PCOR	D	0.15%	0.24%	0.15%
PCTY	B	0.17%	0.27%	0.17%
PCVX	B	0.27%	0.31%	0.27%
PD	F	0.05%	0.07%	0.05%
PECO	C	0.07%	0.09%	0.07%
PEGA	B	0.09%	0.12%	0.09%
PEN	D	0.15%	0.29%	0.15%
PGNY	F	0.05%	0.07%	0.05%
PGRE	D	0.05%	0.04%	0.04%
PI	B	0.09%	0.15%	0.09%
PJT	C	0.09%	0.1%	0.09%
PLAY	D	0.05%	0.04%	0.04%
PLMR	C	0.08%	0.05%	0.05%
PLNT	B	0.18%	0.28%	0.18%
PLUG	D	0.05%	0.06%	0.05%
PNFP	D	0.25%	0.14%	0.14%
POST	C	0.1%	0.11%	0.1%
POWI	F	0.06%	0.15%	0.06%
PR	F	0.17%	0.17%	0.17%
PRCT	C	0.08%	0.15%	0.08%
PRO	F	0.05%	0.03%	0.03%
PRVA	F	0.07%	0.08%	0.07%
PTCT	C	0.05%	0.11%	0.05%
PYCR	D	0.05%	0.04%	0.04%
QS	F	0.05%	0.08%	0.05%
QTWO	C	0.1%	0.17%	0.1%
RAMP	F	0.05%	0.06%	0.05%
RARE	C	0.08%	0.19%	0.08%
RCM	B	0.06%	0.08%	0.06%
RDNT	C	0.09%	0.09%	0.09%
REXR	D	0.39%	0.4%	0.39%
RGEN	F	0.17%	0.31%	0.17%
RGLD	C	0.32%	0.36%	0.32%
RH	C	0.07%	0.15%	0.07%
RHP	C	0.2%	0.23%	0.2%
RKLB	B	0.06%	0.04%	0.04%
RMBS	F	0.12%	0.19%	0.12%
ROCK	D	0.06%	0.04%	0.04%
ROG	D	0.08%	0.08%	0.08%
RUN	D	0.09%	0.17%	0.09%
RVMD	B	0.08%	0.25%	0.08%
RXRX	F	0.05%	0.06%	0.05%
RYAN	A	0.13%	0.24%	0.13%
S	C	0.11%	0.25%	0.11%
SAIA	D	0.24%	0.39%	0.24%
SFBS	D	0.05%	0.08%	0.05%
SHAK	C	0.08%	0.15%	0.08%
SHC	C	0.05%	0.08%	0.05%
SHOO	A	0.13%	0.06%	0.06%
SITE	D	0.18%	0.25%	0.18%
SKY	B	0.05%	0.19%	0.05%
SLAB	D	0.1%	0.14%	0.1%
SM	F	0.05%	0.1%	0.05%
SMAR	A	0.14%	0.25%	0.14%
SMPL	D	0.05%	0.11%	0.05%
SMTC	C	0.06%	0.11%	0.06%
SOFI	C	0.13%	0.3%	0.13%
SONO	D	0.06%	0.06%	0.06%
SPR	D	0.06%	0.08%	0.06%
SPSC	D	0.18%	0.29%	0.18%
SPT	F	0.04%	0.06%	0.04%
SQSP	A	0.06%	0.1%	0.06%
SRPT	F	0.21%	0.48%	0.21%
SSD	B	0.11%	0.3%	0.11%
STAA	D	0.04%	0.06%	0.04%
SWTX	F	0.04%	0.11%	0.04%
TDOC	D	0.06%	0.05%	0.05%
TENB	F	0.1%	0.19%	0.1%
TGTX	C	0.05%	0.13%	0.05%
THRM	F	0.05%	0.06%	0.05%
TKO	A	0.18%	0.32%	0.18%
TMDX	D	0.09%	0.1%	0.09%
TNC	F	0.06%	0.07%	0.06%
TNDM	D	0.06%	0.11%	0.06%
TNET	F	0.08%	0.12%	0.08%
TPX	C	0.15%	0.34%	0.15%
TREX	D	0.07%	0.27%	0.07%
TRNO	D	0.12%	0.26%	0.12%
TWST	D	0.06%	0.09%	0.06%
TXG	F	0.05%	0.09%	0.05%
TXRH	A	0.1%	0.44%	0.1%
U	D	0.11%	0.17%	0.11%
UPST	C	0.05%	0.12%	0.05%
VC	F	0.1%	0.11%	0.1%
VECO	F	0.13%	0.08%	0.08%
VERX	A	0.05%	0.08%	0.05%
VKTX	C	0.13%	0.26%	0.13%
VRNS	C	0.07%	0.23%	0.07%
VRRM	D	0.07%	0.17%	0.07%
W	D	0.08%	0.15%	0.08%
WDFC	B	0.11%	0.14%	0.11%
WEX	C	0.3%	0.31%	0.3%
WFRD	F	0.16%	0.3%	0.16%
WH	C	0.13%	0.25%	0.13%
WHD	B	0.11%	0.15%	0.11%
WING	B	0.25%	0.44%	0.25%
WK	D	0.18%	0.15%	0.15%
WMS	D	0.27%	0.47%	0.27%
WOLF	F	0.03%	0.05%	0.03%
WRBY	C	0.06%	0.05%	0.05%
WSC	D	0.2%	0.27%	0.2%
WWD	B	0.2%	0.4%	0.2%
XPO	F	0.26%	0.25%	0.25%
YELP	D	0.05%	0.09%	0.05%
YETI	B	0.13%	0.13%	0.13%
ZI	F	0.09%	0.12%	0.09%
ZUO	F	0.05%	0.05%	0.05%

ESML Overweight 595 Positions Relative to VBK

Symbol	Grade	Weight
USFD	C	0.49%
JHG	C	0.45%
INGR	A	0.41%
KBR	C	0.4%
JLL	B	0.38%
SFM	A	0.35%
MUSA	D	0.34%
OGS	C	0.33%
EWBC	D	0.33%
FRT	D	0.32%
FLEX	C	0.31%
ITT	B	0.3%
MDU	C	0.3%
RGA	C	0.3%
GPK	C	0.29%
AVT	C	0.29%
EHC	B	0.29%
AYI	A	0.29%
OSK	F	0.28%
SIGI	D	0.28%
UGI	C	0.27%
R	C	0.27%
TOL	A	0.27%
AXTA	C	0.26%
SCI	C	0.26%
IBKR	A	0.26%
RNR	A	0.26%
TPR	B	0.25%
GBCI	C	0.25%
DCI	B	0.25%
THC	C	0.25%
SNV	D	0.25%
BJ	D	0.25%
IVZ	A	0.25%
SSB	C	0.25%
MTG	B	0.25%
SWN	D	0.24%
UMBF	C	0.24%
RRC	D	0.24%
ARMK	A	0.24%
PRGS	B	0.24%
HOG	D	0.24%
KBH	C	0.23%
FCN	C	0.23%
DTM	A	0.23%
CNX	A	0.23%
MOG.A	A	0.23%
ATR	A	0.23%
SUM	D	0.23%
EGP	D	0.23%
CUZ	C	0.22%
WBS	D	0.22%
PRI	A	0.22%
NJR	C	0.22%
CDP	A	0.22%
CACI	A	0.22%
HAS	A	0.22%
ALSN	A	0.22%
WCC	C	0.21%
ALK	B	0.21%
NFG	A	0.21%
UNM	A	0.21%
HRB	C	0.21%
CMC	D	0.21%
WAL	C	0.21%
WTS	C	0.21%
WHR	B	0.2%
NVT	D	0.2%
FBP	D	0.2%
FTAI	A	0.2%
RHI	D	0.2%
AVA	D	0.2%
BDC	B	0.2%
CBSH	D	0.2%
OHI	C	0.2%
CMA	C	0.19%
MSA	F	0.19%
CR	B	0.19%
RLI	A	0.19%
TTEK	B	0.19%
GPI	C	0.19%
FHN	D	0.19%
NYT	A	0.19%
ACHC	F	0.19%
MTH	C	0.19%
PCH	C	0.19%
BWA	B	0.19%
LAD	C	0.19%
AA	B	0.19%
ZWS	A	0.19%
VVV	D	0.18%
BHLB	D	0.18%
SPXC	C	0.18%
OMF	F	0.18%
TGNA	B	0.18%
FMC	B	0.18%
ENLC	A	0.18%
CNO	C	0.18%
NSIT	B	0.18%
VFC	B	0.18%
AMG	B	0.18%
GME	F	0.18%
CRUS	D	0.18%
SNDR	C	0.18%
BERY	C	0.18%
REZI	D	0.18%
AXS	A	0.18%
FAF	B	0.17%
ZION	D	0.17%
ELAN	D	0.17%
VOYA	A	0.17%
ONB	D	0.17%
BCC	C	0.17%
LPX	A	0.17%
THG	C	0.17%
TMHC	C	0.17%
AM	A	0.16%
RRX	C	0.16%
SLM	C	0.16%
UBSI	D	0.16%
BRX	C	0.16%
LAZ	C	0.16%
LUMN	C	0.16%
PLXS	B	0.16%
GATX	F	0.16%
BHE	C	0.16%
PVH	F	0.16%
HIW	C	0.15%
SR	C	0.15%
AGCO	D	0.15%
BANR	C	0.15%
KTB	B	0.15%
MKSI	F	0.15%
JAZZ	F	0.15%
ANF	F	0.15%
SF	A	0.15%
PDCO	F	0.15%
ASB	F	0.15%
TPH	C	0.15%
FLS	A	0.15%
HNI	B	0.15%
ASGN	D	0.15%
VNT	F	0.14%
MUR	F	0.14%
NPO	C	0.14%
JXN	A	0.14%
ESI	B	0.14%
CBT	B	0.14%
FYBR	C	0.14%
X	F	0.14%
TNL	B	0.14%
FIBK	D	0.14%
LEA	F	0.13%
ADT	D	0.13%
IBCP	D	0.13%
SON	D	0.13%
CADE	D	0.13%
THO	B	0.13%
KNF	C	0.13%
GL	C	0.13%
M	F	0.13%
ITGR	C	0.13%
ORI	B	0.13%
HESM	D	0.13%
AGNC	C	0.13%
CPF	C	0.13%
DFIN	C	0.13%
CPK	C	0.13%
SWX	C	0.13%
VLY	C	0.13%
ACA	C	0.13%
KLIC	D	0.13%
MAT	D	0.13%
FA	A	0.12%
ECPG	F	0.12%
ABG	D	0.12%
SITC	F	0.12%
ADC	B	0.12%
COLB	C	0.12%
VMI	B	0.12%
WGO	D	0.12%
CABO	F	0.12%
WERN	D	0.12%
MTX	B	0.12%
PFSI	C	0.12%
RDUS	D	0.12%
CAVA	C	0.12%
HASI	C	0.12%
GAP	F	0.12%
WTM	D	0.12%
BECN	F	0.12%
PINC	F	0.12%
OZK	F	0.12%
ARW	C	0.11%
XENE	D	0.11%
SCL	D	0.11%
PRIM	C	0.11%
STRL	B	0.11%
EAT	A	0.11%
AIT	B	0.11%
SIG	C	0.11%
STWD	C	0.11%
KRC	C	0.11%
FUL	F	0.11%
MYRG	F	0.11%
BHVN	B	0.11%
KOS	F	0.11%
OGN	F	0.11%
FULT	D	0.11%
PSN	A	0.11%
AMED	D	0.1%
BWIN	B	0.1%
SLG	C	0.1%
FR	C	0.1%
CSGS	C	0.1%
NMIH	C	0.1%
NXT	F	0.1%
RXO	D	0.1%
BRC	C	0.1%
CRNX	C	0.1%
AEO	B	0.1%
AUB	D	0.1%
AL	D	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%
EVR	C	0.1%
DXC	D	0.1%
LYFT	D	0.09%
MGRC	D	0.09%
ICFI	C	0.09%
ESE	B	0.09%
UNIT	B	0.09%
BXMT	C	0.09%
AUR	C	0.09%
KFY	C	0.09%
WEN	D	0.09%
STC	C	0.09%
KD	F	0.09%
RDN	D	0.09%
CAC	C	0.09%
AROC	B	0.09%
RL	B	0.09%
LNC	D	0.09%
HR	D	0.09%
APAM	C	0.09%
ATKR	F	0.09%
ERII	B	0.09%
ST	F	0.09%
CRC	B	0.09%
JEF	A	0.09%
AMAL	D	0.09%
NXST	D	0.09%
TRN	C	0.09%
CVBF	B	0.09%
XHR	B	0.08%
TBBK	C	0.08%
IOSP	F	0.08%
RNA	B	0.08%
PLUS	C	0.08%
AZZ	C	0.08%
OUT	C	0.08%
NWN	C	0.08%
MAN	D	0.08%
ALG	D	0.08%
EVRI	A	0.08%
CWEN	C	0.08%
CLVT	D	0.08%
AMN	F	0.08%
BC	D	0.08%
RNST	D	0.08%
CNK	C	0.08%
SXT	C	0.08%
KOP	F	0.08%
MAC	C	0.08%
SBRA	C	0.08%
SPB	C	0.08%
ENOV	F	0.08%
CFR	D	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
ICUI	B	0.08%
WU	D	0.08%
ESNT	C	0.08%
AN	C	0.08%
MHK	B	0.08%
TEX	F	0.08%
SNX	C	0.08%
HWC	D	0.08%
VNO	A	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%
VITL	B	0.07%
ANDE	D	0.07%
TDS	B	0.07%
PNTG	C	0.07%
LEG	D	0.07%
JBGS	C	0.07%
CPRI	B	0.07%
VCTR	B	0.07%
HLIT	C	0.07%
VVX	A	0.07%
SEM	D	0.07%
AAT	C	0.07%
PHAT	C	0.07%
XPRO	F	0.07%
CTS	B	0.07%
SASR	C	0.07%
FL	F	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%
INDB	D	0.07%
PDM	C	0.07%
CWK	C	0.07%
BOH	D	0.07%
WD	C	0.07%
VRDN	A	0.07%
NTGR	C	0.07%
POWL	A	0.07%
MPW	C	0.07%
KREF	C	0.07%
ACLX	C	0.07%
AVNT	C	0.07%
DRS	A	0.07%
CCCS	D	0.07%
PIPR	B	0.07%
CLF	D	0.07%
SEE	C	0.07%
GVA	A	0.07%
AMWD	B	0.07%
HWKN	A	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CCS	C	0.07%
XRAY	D	0.07%
ZD	D	0.07%
PRKS	D	0.07%
MTRN	F	0.06%
HURN	D	0.06%
HZO	D	0.06%
IBOC	D	0.06%
TALO	F	0.06%
PRG	C	0.06%
DCO	A	0.06%
HI	F	0.06%
PPBI	F	0.06%
CMCO	D	0.06%
KSS	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%
AIR	D	0.06%
FUN	F	0.06%
KROS	B	0.06%
PAR	D	0.06%
JWN	D	0.06%
MYGN	D	0.06%
APG	F	0.06%
WKC	A	0.06%
CWEN	C	0.06%
TILE	C	0.06%
MHO	C	0.06%
UFPT	D	0.06%
MXL	F	0.06%
AVPT	C	0.06%
IESC	B	0.06%
ADUS	D	0.06%
KE	F	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%
FFIN	D	0.06%
SG	C	0.06%
TARS	C	0.06%
UEC	B	0.06%
CDE	C	0.06%
VRNT	F	0.06%
EPR	C	0.06%
UNFI	B	0.06%
ADMA	C	0.06%
BANC	D	0.06%
ROIV	D	0.06%
BDN	A	0.06%
CMP	D	0.06%
WTFC	D	0.06%
COMP	C	0.06%
CLNE	C	0.06%
TROX	D	0.06%
MRUS	D	0.06%
GTES	C	0.06%
SKT	A	0.06%
EYE	F	0.06%
GT	F	0.06%
EWTX	B	0.06%
NEP	D	0.06%
NUVL	B	0.06%
HAIN	B	0.06%
MIR	B	0.06%
PK	D	0.06%
RKT	C	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
CUBI	F	0.05%
SVRA	F	0.05%
TGI	F	0.05%
SLNO	B	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%
AHH	F	0.05%
CAR	D	0.05%
KURA	F	0.05%
REVG	D	0.05%
FLO	D	0.05%
AXL	F	0.05%
ASTE	F	0.05%
LGF.A	F	0.05%
PBI	C	0.05%
SIBN	F	0.05%
CGEM	F	0.05%
BKD	D	0.05%
FFBC	D	0.05%
ARLO	F	0.05%
RBBN	B	0.05%
INVX	F	0.05%
RNG	F	0.05%
NBHC	D	0.05%
DLX	F	0.05%
RUSHA	D	0.05%
DNOW	F	0.05%
AMBC	F	0.05%
KLG	D	0.05%
ZEUS	F	0.05%
KMPR	D	0.05%
CCRN	F	0.05%
OMI	F	0.05%
ASH	F	0.05%
PAYO	B	0.05%
AVDX	F	0.05%
EPC	F	0.05%
ACEL	C	0.05%
XPEL	D	0.05%
VYX	B	0.05%
ARCB	D	0.05%
BGC	C	0.05%
MRC	D	0.05%
SGH	D	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
XRX	D	0.05%
FTRE	F	0.05%
ETWO	F	0.05%
OMCL	C	0.05%
AWR	A	0.05%
WNC	F	0.05%
MLTX	C	0.05%
CRI	D	0.05%
JANX	D	0.05%
CSTL	C	0.05%
ICHR	D	0.05%
PETQ	A	0.05%
HOUS	D	0.05%
VSCO	C	0.05%
VRTS	F	0.05%
MTTR	C	0.05%
EDR	A	0.05%
INFA	D	0.05%
UAA	B	0.05%
ATGE	D	0.05%
PSMT	B	0.05%
HAYW	B	0.05%
GO	F	0.05%
WT	D	0.05%
KELYA	D	0.05%
ATEN	B	0.05%
MNRO	B	0.05%
QDEL	D	0.05%
EMBC	F	0.05%
DYN	D	0.05%
HAFC	D	0.05%
NRIX	D	0.05%
SAVA	D	0.05%
IVR	C	0.05%
VVI	B	0.05%
HCC	B	0.05%
MLNK	F	0.05%
CRAI	C	0.05%
NABL	F	0.05%
CLDX	F	0.05%
ELVN	B	0.05%
RYN	C	0.05%
CAKE	A	0.05%
GBX	C	0.05%
ARQT	D	0.05%
AGYS	D	0.05%
SMP	D	0.05%
GRBK	C	0.05%
RXST	F	0.05%
BNL	C	0.05%
COGT	C	0.05%
GEF	D	0.05%
VREX	F	0.05%
AORT	B	0.05%
SLVM	C	0.05%
COOP	B	0.05%
PRAA	F	0.05%
EE	A	0.05%
AGO	B	0.05%
MMI	C	0.05%
NYCB	D	0.05%
NBTB	D	0.05%
KVYO	B	0.05%
RUSHB	D	0.05%
EWCZ	F	0.05%
SBH	C	0.05%
ARKO	C	0.05%
PLOW	C	0.05%
GEF	D	0.05%
MBUU	D	0.05%
LIVN	B	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%
JELD	D	0.05%
CRMT	F	0.04%
BRY	F	0.04%
FNA	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%
RCUS	F	0.04%
PTEN	F	0.04%
NUVB	F	0.04%
IART	F	0.04%
CLSK	F	0.04%
EGY	D	0.04%
CAL	F	0.04%
GOGO	F	0.04%
ASPN	D	0.04%
MTUS	F	0.04%
CLW	F	0.04%
IMVT	F	0.04%
ANAB	D	0.04%
LBPH	D	0.04%
RCKT	F	0.04%
LESL	F	0.04%
AMC	F	0.04%
DGII	B	0.04%
MLKN	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
PFS	D	0.04%
CDNA	B	0.04%
DK	F	0.04%
ESTA	D	0.04%
VSAT	F	0.03%
DEI	A	0.02%
GDOT	C	0.01%

ESML Underweight 162 Positions Relative to VBK

Symbol	Grade	Weight
TRGP	B	-1.27%
AXON	A	-1.02%
DECK	B	-0.95%
PTC	D	-0.8%
LII	C	-0.74%
APP	A	-0.7%
ENTG	D	-0.68%
MANH	C	-0.64%
WSO	C	-0.64%
RBA	D	-0.62%
PSTG	F	-0.62%
DKNG	D	-0.59%
DT	C	-0.56%
GGG	B	-0.55%
NDSN	B	-0.52%
NBIX	F	-0.5%
ERIE	A	-0.5%
HOOD	C	-0.5%
JKHY	A	-0.49%
DOCU	B	-0.48%
ELS	D	-0.48%
AMH	D	-0.48%
TECH	C	-0.46%
EXAS	C	-0.44%
AOS	B	-0.4%
TOST	C	-0.4%
CRL	F	-0.4%
MTCH	B	-0.39%
EQT	B	-0.39%
TWLO	B	-0.38%
TTC	D	-0.38%
MKTX	C	-0.36%
SKX	B	-0.35%
ROKU	C	-0.34%
RBC	C	-0.34%
MSTR	B	-0.33%
DAY	B	-0.33%
HLI	C	-0.32%
TPL	B	-0.31%
IOT	C	-0.31%
PAYC	D	-0.31%
WYNN	B	-0.29%
UDR	C	-0.29%
PODD	C	-0.28%
EXEL	B	-0.28%
GNTX	D	-0.28%
MTDR	F	-0.25%
POOL	B	-0.25%
H	C	-0.25%
CWST	D	-0.24%
CELH	F	-0.24%
HST	D	-0.24%
HLNE	A	-0.23%
LAMR	C	-0.22%
QRVO	F	-0.22%
KRG	C	-0.22%
CTLT	A	-0.2%
CSWI	B	-0.2%
IRT	C	-0.18%
EEFT	F	-0.18%
ZETA	B	-0.17%
QLYS	F	-0.17%
MGY	B	-0.17%
LW	D	-0.17%
NEU	F	-0.16%
TDW	F	-0.16%
VAL	F	-0.15%
MSGS	A	-0.15%
RIG	F	-0.14%
MIDD	D	-0.14%
IIPR	C	-0.14%
EVH	D	-0.14%
AXNX	A	-0.14%
ACLS	F	-0.14%
NOG	F	-0.14%
LANC	F	-0.13%
FOLD	F	-0.13%
DORM	C	-0.12%
DIOD	F	-0.12%
LBRT	F	-0.12%
NSA	C	-0.12%
YOU	C	-0.11%
SGBX	F	-0.11%
CORT	B	-0.11%
SGRY	C	-0.1%
SITM	B	-0.1%
CNS	C	-0.1%
PRFT	A	-0.1%
AMR	F	-0.1%
JOE	D	-0.09%
CACC	F	-0.09%
IPAR	D	-0.09%
KWR	D	-0.09%
AMBA	B	-0.09%
RPD	D	-0.09%
VCYT	C	-0.09%
ALGM	F	-0.09%
CARG	C	-0.09%
LTH	C	-0.08%
RIOT	F	-0.08%
JJSF	B	-0.08%
ASTH	A	-0.08%
ACAD	F	-0.08%
IRTC	F	-0.08%
CTRE	B	-0.08%
LGIH	C	-0.08%
SAM	D	-0.07%
KAI	C	-0.07%
GSHD	B	-0.07%
HP	F	-0.06%
TRUP	D	-0.06%
TRIP	F	-0.06%
RRR	D	-0.06%
CERT	F	-0.06%
CMPR	F	-0.06%
JBI	F	-0.06%
PTON	C	-0.06%
RDDT	B	-0.06%
MP	B	-0.06%
STEP	A	-0.06%
CVCO	B	-0.06%
UPWK	D	-0.05%
FLNC	C	-0.05%
AESI	B	-0.05%
OPEN	F	-0.05%
APPN	B	-0.05%
ENVX	D	-0.05%
SDGR	F	-0.05%
RLJ	D	-0.05%
BCRX	D	-0.04%
VIR	F	-0.04%
SSTK	F	-0.04%
EXPI	C	-0.04%
SHLS	F	-0.04%
CRK	B	-0.04%
GSAT	F	-0.04%
MRVI	F	-0.04%
ARRY	F	-0.04%
EXTR	C	-0.04%
LMND	F	-0.04%
AMRC	C	-0.04%
FIZZ	D	-0.04%
RDFN	C	-0.04%
XNCR	D	-0.04%
DBRG	D	-0.04%
UTZ	C	-0.04%
SABR	B	-0.04%
IAS	F	-0.04%
HRMY	D	-0.04%
CEIX	B	-0.04%
NFE	F	-0.04%
KW	B	-0.04%
SANA	F	-0.03%
VZIO	A	-0.03%
DRVN	B	-0.03%
UWMC	D	-0.03%
PCT	C	-0.03%
RLAY	F	-0.03%
XMTR	D	-0.03%
RVLV	C	-0.03%
AHCO	C	-0.03%
VICR	B	-0.03%