ESML vs. VBR ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard Small-Cap Value ETF - DNQ (VBR)

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

$41.37

Average Daily Volume

116,212

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VBR

Vanguard Small-Cap Value ETF - DNQ

VBR Description

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

$198.98

Average Daily Volume

430,761

Number of Holdings ^*

795

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VBR
30 Days	0.28%	0.71%
60 Days	0.50%	6.22%
90 Days	8.35%	10.06%
12 Months	26.30%	29.54%

433 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VBR	Overlap
AA	C	0.19%	0.17%	0.17%
AAP	F	0.06%	0.08%	0.06%
AAT	C	0.07%	0.04%	0.04%
ABCB	C	0.1%	0.12%	0.1%
ABG	D	0.12%	0.15%	0.12%
ABM	D	0.08%	0.11%	0.08%
ACA	C	0.13%	0.13%	0.13%
ACHC	F	0.19%	0.21%	0.19%
ADC	B	0.12%	0.22%	0.12%
AEO	C	0.1%	0.11%	0.1%
AGCO	D	0.15%	0.17%	0.15%
AGNC	C	0.13%	0.22%	0.13%
AGO	D	0.05%	0.12%	0.05%
AIR	D	0.06%	0.07%	0.06%
AIT	A	0.11%	0.23%	0.11%
AL	D	0.1%	0.14%	0.1%
ALK	B	0.21%	0.13%	0.13%
ALSN	A	0.22%	0.24%	0.22%
AM	A	0.16%	0.15%	0.15%
AMBC	F	0.05%	0.01%	0.01%
AMC	F	0.04%	0.02%	0.02%
AMED	D	0.1%	0.09%	0.09%
AMG	C	0.18%	0.16%	0.16%
AMN	F	0.08%	0.06%	0.06%
AMWD	C	0.07%	0.02%	0.02%
AN	B	0.08%	0.17%	0.08%
ANDE	D	0.07%	0.05%	0.05%
ANF	D	0.15%	0.22%	0.15%
APAM	C	0.09%	0.08%	0.08%
APG	F	0.06%	0.26%	0.06%
AR	C	0.21%	0.12%	0.12%
ARCB	D	0.05%	0.07%	0.05%
ARMK	B	0.24%	0.28%	0.24%
AROC	C	0.09%	0.09%	0.09%
ARW	C	0.11%	0.21%	0.11%
ASB	F	0.15%	0.1%	0.1%
ASGN	D	0.15%	0.12%	0.12%
ASH	F	0.05%	0.13%	0.05%
ASTE	F	0.05%	0.02%	0.02%
ATGE	C	0.05%	0.08%	0.05%
ATKR	F	0.09%	0.1%	0.09%
ATR	A	0.23%	0.3%	0.23%
AUB	D	0.1%	0.1%	0.1%
AUR	C	0.09%	0.12%	0.09%
AVA	B	0.2%	0.09%	0.09%
AVNT	B	0.07%	0.13%	0.07%
AVT	B	0.29%	0.15%	0.15%
AWR	B	0.05%	0.09%	0.05%
AXL	F	0.05%	0.02%	0.02%
AXS	A	0.18%	0.18%	0.18%
AXTA	C	0.26%	0.24%	0.24%
AYI	A	0.29%	0.23%	0.23%
AZTA	F	0.08%	0.07%	0.07%
AZZ	C	0.08%	0.07%	0.07%
BANR	C	0.15%	0.06%	0.06%
BASE	F	0.04%	0.02%	0.02%
BC	C	0.08%	0.16%	0.08%
BCC	B	0.17%	0.16%	0.16%
BDC	B	0.2%	0.13%	0.13%
BDN	A	0.06%	0.03%	0.03%
BECN	F	0.12%	0.17%	0.12%
BERY	C	0.18%	0.22%	0.18%
BGC	B	0.05%	0.11%	0.05%
BHE	C	0.16%	0.04%	0.04%
BHLB	D	0.18%	0.04%	0.04%
BJ	D	0.25%	0.31%	0.25%
BKD	D	0.05%	0.04%	0.04%
BKU	D	0.06%	0.08%	0.06%
BLKB	C	0.13%	0.06%	0.06%
BNL	B	0.05%	0.1%	0.05%
BOH	F	0.07%	0.08%	0.07%
BPOP	D	0.08%	0.22%	0.08%
BRC	C	0.1%	0.09%	0.09%
BRX	B	0.16%	0.24%	0.16%
BWA	C	0.19%	0.23%	0.19%
BXMT	C	0.09%	0.07%	0.07%
CABO	F	0.12%	0.02%	0.02%
CACI	A	0.22%	0.32%	0.22%
CADE	D	0.13%	0.17%	0.13%
CAKE	B	0.05%	0.05%	0.05%
CAL	F	0.04%	0.02%	0.02%
CAR	D	0.05%	0.04%	0.04%
CBSH	D	0.2%	0.22%	0.2%
CBT	B	0.14%	0.17%	0.14%
CBU	D	0.06%	0.09%	0.06%
CC	D	0.06%	0.09%	0.06%
CDE	C	0.06%	0.06%	0.06%
CFR	D	0.08%	0.19%	0.08%
CLB	D	0.06%	0.01%	0.01%
CLF	D	0.07%	0.18%	0.07%
CMA	C	0.19%	0.22%	0.19%
CMC	C	0.21%	0.18%	0.18%
CMP	D	0.06%	0.01%	0.01%
CNK	C	0.08%	0.09%	0.08%
CNO	C	0.18%	0.11%	0.11%
CNX	A	0.23%	0.12%	0.12%
CNXC	F	0.04%	0.12%	0.04%
COHR	B	0.27%	0.17%	0.17%
COLB	C	0.12%	0.15%	0.12%
COMP	C	0.06%	0.07%	0.06%
COOP	C	0.05%	0.17%	0.05%
CPRI	C	0.07%	0.12%	0.07%
CR	C	0.19%	0.23%	0.19%
CRC	B	0.09%	0.11%	0.09%
CRI	D	0.05%	0.07%	0.05%
CRUS	D	0.18%	0.23%	0.18%
CSGS	C	0.1%	0.04%	0.04%
CUZ	C	0.22%	0.13%	0.13%
CVBF	D	0.09%	0.07%	0.07%
CWEN	A	0.08%	0.07%	0.07%
CWEN	A	0.08%	0.03%	0.03%
CWEN	A	0.06%	0.07%	0.06%
CWEN	A	0.06%	0.03%	0.03%
CWK	C	0.07%	0.08%	0.07%
DCI	B	0.25%	0.26%	0.25%
DEI	A	0.02%	0.08%	0.02%
DK	F	0.04%	0.04%	0.04%
DLX	F	0.05%	0.03%	0.03%
DNOW	F	0.05%	0.04%	0.04%
DTM	A	0.23%	0.22%	0.22%
DXC	D	0.1%	0.11%	0.1%
DY	C	0.11%	0.07%	0.07%
EAT	A	0.11%	0.09%	0.09%
ECPG	F	0.12%	0.03%	0.03%
EDR	A	0.05%	0.05%	0.05%
EE	A	0.05%	0.01%	0.01%
EGP	D	0.23%	0.26%	0.23%
EHC	B	0.29%	0.28%	0.28%
ELAN	D	0.17%	0.22%	0.17%
EMBC	D	0.05%	0.03%	0.03%
ENOV	F	0.08%	0.08%	0.08%
ENR	B	0.07%	0.07%	0.07%
EPC	F	0.05%	0.06%	0.05%
EPR	C	0.06%	0.11%	0.06%
ESE	B	0.09%	0.09%	0.09%
ESI	B	0.14%	0.17%	0.14%
ESNT	C	0.08%	0.19%	0.08%
ESRT	C	0.07%	0.04%	0.04%
ETWO	D	0.05%	0.03%	0.03%
EVR	C	0.1%	0.25%	0.1%
EWBC	D	0.33%	0.34%	0.33%
EYE	F	0.06%	0.02%	0.02%
FA	A	0.12%	0.03%	0.03%
FAF	B	0.17%	0.18%	0.17%
FBP	D	0.2%	0.1%	0.1%
FCN	B	0.23%	0.24%	0.23%
FFBC	D	0.05%	0.07%	0.05%
FFIN	D	0.06%	0.13%	0.06%
FHN	D	0.19%	0.27%	0.19%
FIBK	D	0.14%	0.08%	0.08%
FL	F	0.07%	0.09%	0.07%
FLO	C	0.05%	0.13%	0.05%
FLR	D	0.1%	0.25%	0.1%
FLS	B	0.15%	0.19%	0.15%
FMC	B	0.18%	0.24%	0.18%
FR	C	0.1%	0.22%	0.1%
FRT	B	0.32%	0.28%	0.28%
FTRE	F	0.05%	0.06%	0.05%
FUL	F	0.11%	0.14%	0.11%
FULT	D	0.11%	0.1%	0.1%
FYBR	C	0.14%	0.21%	0.14%
GAP	F	0.12%	0.16%	0.12%
GATX	D	0.16%	0.15%	0.15%
GBCI	D	0.25%	0.16%	0.16%
GBX	C	0.05%	0.04%	0.04%
GEF	C	0.05%	0.04%	0.04%
GEF	C	0.05%	0.04%	0.04%
GEF	C	0.05%	0.0%	0.0%
GEF	C	0.05%	0.0%	0.0%
GL	C	0.13%	0.28%	0.13%
GME	D	0.18%	0.22%	0.18%
GO	F	0.05%	0.05%	0.05%
GPI	C	0.19%	0.14%	0.14%
GPK	B	0.29%	0.27%	0.27%
GT	F	0.06%	0.07%	0.06%
GTES	C	0.06%	0.12%	0.06%
GVA	B	0.07%	0.1%	0.07%
HAIN	C	0.06%	0.02%	0.02%
HAS	A	0.22%	0.26%	0.22%
HASI	C	0.12%	0.11%	0.11%
HAYW	B	0.05%	0.06%	0.05%
HBI	B	0.07%	0.06%	0.06%
HCC	D	0.05%	0.09%	0.05%
HELE	D	0.06%	0.04%	0.04%
HI	F	0.06%	0.07%	0.06%
HIW	C	0.15%	0.1%	0.1%
HL	C	0.06%	0.1%	0.06%
HNI	B	0.15%	0.07%	0.07%
HOG	C	0.24%	0.13%	0.13%
HPP	F	0.05%	0.02%	0.02%
HRB	C	0.21%	0.26%	0.21%
HURN	C	0.06%	0.06%	0.06%
HWC	D	0.08%	0.14%	0.08%
IART	F	0.04%	0.04%	0.04%
IBOC	D	0.06%	0.1%	0.06%
ICUI	B	0.08%	0.11%	0.08%
IDCC	A	0.11%	0.05%	0.05%
IMVT	F	0.04%	0.06%	0.04%
INDB	D	0.07%	0.08%	0.07%
INFA	D	0.05%	0.05%	0.05%
INGR	A	0.41%	0.26%	0.26%
IOSP	F	0.08%	0.08%	0.08%
ITGR	C	0.13%	0.13%	0.13%
ITT	B	0.3%	0.34%	0.3%
IVZ	C	0.25%	0.21%	0.21%
JAZZ	F	0.15%	0.2%	0.15%
JBGS	C	0.07%	0.05%	0.05%
JEF	B	0.09%	0.26%	0.09%
JELD	D	0.05%	0.04%	0.04%
JHG	C	0.45%	0.14%	0.14%
JLL	B	0.38%	0.36%	0.36%
JWN	D	0.06%	0.06%	0.06%
JXN	B	0.14%	0.2%	0.14%
KAR	D	0.1%	0.06%	0.06%
KBH	C	0.23%	0.16%	0.16%
KBR	D	0.4%	0.27%	0.27%
KD	F	0.09%	0.16%	0.09%
KELYA	D	0.05%	0.02%	0.02%
KFY	C	0.09%	0.11%	0.09%
KMPR	D	0.05%	0.11%	0.05%
KNF	C	0.13%	0.13%	0.13%
KOP	F	0.08%	0.02%	0.02%
KRC	C	0.11%	0.13%	0.11%
KREF	C	0.07%	0.02%	0.02%
KRYS	D	0.05%	0.07%	0.05%
KSS	D	0.06%	0.06%	0.06%
KTB	B	0.15%	0.12%	0.12%
LAD	B	0.19%	0.24%	0.19%
LEA	F	0.13%	0.19%	0.13%
LEG	D	0.07%	0.05%	0.05%
LEVI	B	0.06%	0.03%	0.03%
LGF.A	F	0.05%	0.01%	0.01%
LGF.A	F	0.05%	0.03%	0.03%
LITE	C	0.08%	0.06%	0.06%
LNC	D	0.09%	0.16%	0.09%
LPX	A	0.17%	0.18%	0.17%
LRN	C	0.11%	0.05%	0.05%
LUMN	C	0.16%	0.16%	0.16%
LXP	D	0.07%	0.09%	0.07%
LYFT	D	0.09%	0.12%	0.09%
M	F	0.13%	0.13%	0.13%
MAC	B	0.08%	0.1%	0.08%
MAN	D	0.08%	0.1%	0.08%
MAT	C	0.13%	0.19%	0.13%
MC	C	0.02%	0.07%	0.02%
MDGL	F	0.04%	0.13%	0.04%
MDU	C	0.3%	0.15%	0.15%
MEI	D	0.06%	0.01%	0.01%
MGRC	D	0.09%	0.08%	0.08%
MHK	B	0.08%	0.25%	0.08%
MIR	B	0.06%	0.06%	0.06%
MKSI	F	0.15%	0.24%	0.15%
MLKN	F	0.04%	0.06%	0.04%
MMI	C	0.05%	0.03%	0.03%
MNRO	C	0.05%	0.02%	0.02%
MOG.A	B	0.23%	0.17%	0.17%
MPW	C	0.07%	0.08%	0.07%
MRC	D	0.05%	0.03%	0.03%
MSA	D	0.19%	0.2%	0.19%
MTG	B	0.25%	0.2%	0.2%
MTH	B	0.19%	0.2%	0.19%
MTRN	F	0.06%	0.07%	0.06%
MTX	D	0.12%	0.07%	0.07%
MTZ	C	0.16%	0.11%	0.11%
MUR	F	0.14%	0.16%	0.14%
MUSA	D	0.34%	0.28%	0.28%
MXL	F	0.06%	0.02%	0.02%
MYGN	D	0.06%	0.07%	0.06%
NABL	F	0.05%	0.01%	0.01%
NBHC	D	0.05%	0.05%	0.05%
NBTB	D	0.05%	0.06%	0.05%
NCLH	C	0.2%	0.11%	0.11%
NFG	A	0.21%	0.16%	0.16%
NJR	C	0.22%	0.13%	0.13%
NPO	C	0.14%	0.1%	0.1%
NSIT	C	0.18%	0.21%	0.18%
NUVL	B	0.06%	0.1%	0.06%
NVST	D	0.06%	0.09%	0.06%
NVT	D	0.2%	0.33%	0.2%
NWL	D	0.08%	0.08%	0.08%
NWN	B	0.08%	0.04%	0.04%
NXST	D	0.09%	0.16%	0.09%
NYT	B	0.19%	0.25%	0.19%
OGN	D	0.11%	0.17%	0.11%
OGS	A	0.33%	0.11%	0.11%
OHI	C	0.2%	0.29%	0.2%
OMCL	C	0.05%	0.06%	0.05%
OMF	D	0.18%	0.17%	0.17%
OMI	F	0.05%	0.03%	0.03%
ONB	D	0.17%	0.19%	0.17%
ORI	A	0.13%	0.26%	0.13%
OSK	F	0.28%	0.21%	0.21%
OUT	C	0.08%	0.07%	0.07%
OZK	F	0.12%	0.14%	0.12%
PBF	F	0.06%	0.1%	0.06%
PBI	C	0.05%	0.04%	0.04%
PCH	C	0.19%	0.1%	0.1%
PDCO	F	0.15%	0.05%	0.05%
PDM	C	0.07%	0.04%	0.04%
PEB	D	0.07%	0.02%	0.02%
PECO	C	0.07%	0.07%	0.07%
PENN	D	0.05%	0.08%	0.05%
PFS	D	0.04%	0.07%	0.04%
PFSI	C	0.12%	0.08%	0.08%
PINC	F	0.12%	0.06%	0.06%
PIPR	C	0.07%	0.13%	0.07%
PK	D	0.06%	0.09%	0.06%
PLXS	B	0.16%	0.1%	0.1%
PNFP	D	0.25%	0.11%	0.11%
POST	B	0.1%	0.08%	0.08%
PPBI	D	0.06%	0.07%	0.06%
PR	F	0.17%	0.12%	0.12%
PRAA	F	0.05%	0.03%	0.03%
PRG	C	0.06%	0.06%	0.06%
PRGO	F	0.07%	0.12%	0.07%
PRGS	B	0.24%	0.07%	0.07%
PRI	A	0.22%	0.27%	0.22%
PRIM	C	0.11%	0.08%	0.08%
PSMT	B	0.05%	0.06%	0.05%
PSN	A	0.11%	0.13%	0.11%
PTEN	F	0.04%	0.11%	0.04%
PVH	F	0.16%	0.16%	0.16%
R	C	0.27%	0.18%	0.18%
RDN	D	0.09%	0.16%	0.09%
RDUS	D	0.12%	0.01%	0.01%
REVG	D	0.05%	0.05%	0.05%
REZI	F	0.18%	0.08%	0.08%
RGA	C	0.3%	0.43%	0.3%
RHI	D	0.2%	0.18%	0.18%
RKLB	B	0.06%	0.03%	0.03%
RL	B	0.09%	0.18%	0.09%
RLI	A	0.19%	0.2%	0.19%
RNG	F	0.05%	0.08%	0.05%
RNR	A	0.26%	0.4%	0.26%
RNST	D	0.08%	0.06%	0.06%
RRC	D	0.24%	0.2%	0.2%
RRX	C	0.16%	0.33%	0.16%
RUSHA	C	0.05%	0.1%	0.05%
RUSHB	C	0.05%	0.01%	0.01%
RXO	D	0.1%	0.1%	0.1%
RYN	C	0.05%	0.13%	0.05%
SATS	C	0.07%	0.06%	0.06%
SBH	B	0.05%	0.04%	0.04%
SBRA	C	0.08%	0.12%	0.08%
SCI	C	0.26%	0.32%	0.26%
SCL	D	0.11%	0.05%	0.05%
SEE	B	0.07%	0.15%	0.07%
SEM	D	0.07%	0.11%	0.07%
SF	A	0.15%	0.25%	0.15%
SFBS	D	0.05%	0.06%	0.05%
SFM	A	0.35%	0.31%	0.31%
SHOO	A	0.13%	0.05%	0.05%
SIG	C	0.11%	0.1%	0.1%
SIGI	D	0.28%	0.16%	0.16%
SKT	A	0.06%	0.1%	0.06%
SLG	C	0.1%	0.13%	0.1%
SLM	C	0.16%	0.14%	0.14%
SM	F	0.05%	0.08%	0.05%
SNDR	C	0.18%	0.03%	0.03%
SNV	D	0.25%	0.19%	0.19%
SNX	C	0.08%	0.23%	0.08%
SON	D	0.13%	0.16%	0.13%
SPB	B	0.08%	0.08%	0.08%
SPR	D	0.06%	0.06%	0.06%
SR	A	0.15%	0.1%	0.1%
SSB	C	0.25%	0.22%	0.22%
ST	F	0.09%	0.17%	0.09%
STWD	C	0.11%	0.18%	0.11%
SUM	D	0.23%	0.15%	0.15%
SWN	C	0.24%	0.21%	0.21%
SWX	C	0.13%	0.15%	0.13%
SXT	C	0.08%	0.1%	0.08%
TDC	D	0.1%	0.08%	0.08%
TDS	B	0.07%	0.06%	0.06%
TEX	F	0.08%	0.11%	0.08%
TGI	F	0.05%	0.01%	0.01%
TGNA	B	0.18%	0.07%	0.07%
THC	C	0.25%	0.48%	0.25%
THG	A	0.17%	0.14%	0.14%
THO	C	0.13%	0.16%	0.13%
THS	C	0.06%	0.06%	0.06%
TILE	B	0.06%	0.02%	0.02%
TMHC	B	0.17%	0.2%	0.17%
TNL	B	0.14%	0.09%	0.09%
TOL	A	0.27%	0.44%	0.27%
TPH	B	0.15%	0.12%	0.12%
TPR	B	0.25%	0.28%	0.25%
TRN	C	0.09%	0.08%	0.08%
TROX	D	0.06%	0.05%	0.05%
TTEK	B	0.19%	0.37%	0.19%
UAA	B	0.05%	0.04%	0.04%
UBSI	D	0.16%	0.15%	0.15%
UGI	C	0.27%	0.16%	0.16%
UMBF	C	0.24%	0.12%	0.12%
UNFI	B	0.06%	0.03%	0.03%
UNIT	C	0.09%	0.03%	0.03%
UNM	A	0.21%	0.26%	0.21%
USFD	C	0.49%	0.43%	0.43%
VAC	D	0.07%	0.07%	0.07%
VCTR	C	0.07%	0.04%	0.04%
VFC	B	0.18%	0.19%	0.18%
VLY	C	0.13%	0.11%	0.11%
VMI	B	0.12%	0.17%	0.12%
VNO	B	0.08%	0.17%	0.08%
VNT	F	0.14%	0.16%	0.14%
VOYA	A	0.17%	0.21%	0.17%
VREX	F	0.05%	0.01%	0.01%
VRNT	F	0.06%	0.05%	0.05%
VRTS	F	0.05%	0.04%	0.04%
VSAT	F	0.03%	0.05%	0.03%
VSCO	C	0.05%	0.05%	0.05%
VSTS	D	0.05%	0.05%	0.05%
VVV	D	0.18%	0.16%	0.16%
WAL	C	0.21%	0.25%	0.21%
WBS	D	0.22%	0.24%	0.22%
WCC	C	0.21%	0.25%	0.21%
WD	C	0.07%	0.1%	0.07%
WEN	C	0.09%	0.09%	0.09%
WERN	D	0.12%	0.07%	0.07%
WHR	C	0.2%	0.16%	0.16%
WNC	F	0.05%	0.02%	0.02%
WTFC	C	0.06%	0.21%	0.06%
WTM	D	0.12%	0.13%	0.12%
WTS	B	0.21%	0.16%	0.16%
WU	D	0.08%	0.12%	0.08%
X	F	0.14%	0.23%	0.14%
XHR	C	0.08%	0.02%	0.02%
XPO	F	0.26%	0.19%	0.19%
XRAY	D	0.07%	0.15%	0.07%
XRX	F	0.05%	0.04%	0.04%
ZD	D	0.07%	0.07%	0.07%
ZION	D	0.17%	0.21%	0.17%
ZWS	A	0.19%	0.13%	0.13%

ESML Overweight 476 Positions Relative to VBR

Symbol	Grade	Weight
CASY	D	0.5%
GWRE	A	0.41%
REXR	D	0.39%
CVNA	A	0.36%
FIX	B	0.36%
NTNX	D	0.33%
FTI	B	0.33%
RGLD	C	0.32%
BMI	A	0.31%
FLEX	B	0.31%
WEX	C	0.3%
ONTO	C	0.3%
BLD	C	0.3%
BFAM	C	0.28%
WMS	D	0.27%
PCVX	B	0.27%
BWXT	A	0.26%
IBKR	A	0.26%
NTRA	B	0.26%
CNM	F	0.25%
WING	B	0.25%
SAIA	D	0.24%
FND	B	0.24%
FELE	B	0.23%
MWA	B	0.23%
INSM	D	0.23%
CROX	C	0.23%
CUBE	C	0.23%
LSTR	D	0.22%
CW	A	0.22%
CDP	A	0.22%
MTN	D	0.22%
CVLT	C	0.21%
AWI	A	0.21%
NOVT	D	0.21%
SRPT	F	0.21%
AAON	B	0.21%
ENSG	D	0.21%
KNSL	D	0.2%
FTDR	C	0.2%
RHP	C	0.2%
LNW	F	0.2%
EPRT	C	0.2%
FTAI	B	0.2%
WWD	B	0.2%
WSC	D	0.2%
HHH	B	0.2%
EXLS	B	0.2%
AFRM	C	0.19%
GNRC	B	0.19%
LECO	F	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%
SITE	D	0.18%
PLNT	C	0.18%
SPXC	C	0.18%
ITRI	C	0.18%
FRPT	C	0.18%
WK	D	0.18%
ENLC	A	0.18%
HRI	B	0.18%
FN	C	0.17%
CHX	F	0.17%
PCTY	C	0.17%
DLB	D	0.17%
RGEN	F	0.17%
BRKR	D	0.17%
LSCC	D	0.17%
GKOS	C	0.17%
NOV	F	0.16%
ESTC	F	0.16%
CZR	C	0.16%
LAZ	C	0.16%
FSS	B	0.16%
AEIS	D	0.16%
WFRD	F	0.16%
DUOL	B	0.16%
PEN	D	0.15%
HXL	F	0.15%
TPX	B	0.15%
GXO	D	0.15%
MMSI	C	0.15%
KNTK	C	0.15%
DBX	C	0.15%
MEDP	F	0.15%
CHE	B	0.15%
ACIW	A	0.15%
LFUS	C	0.15%
PCOR	D	0.15%
ALTR	C	0.14%
AZEK	B	0.14%
ITCI	D	0.14%
BCPC	C	0.14%
HQY	B	0.14%
GTLB	D	0.14%
LNTH	C	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%
ADT	D	0.13%
WH	C	0.13%
IBCP	D	0.13%
YETI	D	0.13%
OLLI	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	D	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%
CHDN	D	0.13%
KLIC	D	0.13%
RYAN	A	0.13%
EPAC	C	0.12%
SITC	F	0.12%
IBP	C	0.12%
RMBS	F	0.12%
FIVE	D	0.12%
WGO	D	0.12%
APPF	C	0.12%
TRNO	D	0.12%
CAVA	C	0.12%
HALO	D	0.12%
WDFC	C	0.11%
GTLS	F	0.11%
XENE	F	0.11%
CFLT	F	0.11%
ORA	B	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%
PATH	D	0.11%
MYRG	F	0.11%
BHVN	C	0.11%
S	D	0.11%
KOS	F	0.11%
LCII	B	0.11%
ETSY	F	0.11%
CRDO	C	0.1%
BWIN	C	0.1%
GMED	D	0.1%
ALKS	C	0.1%
TXRH	B	0.1%
QTWO	C	0.1%
NMIH	C	0.1%
NXT	F	0.1%
TENB	F	0.1%
CRNX	D	0.1%
OLED	C	0.1%
INSP	C	0.1%
LBRDA	C	0.1%
SJW	D	0.1%
EFSC	D	0.1%
HCP	B	0.1%
VC	F	0.1%
CCOI	B	0.1%
SLAB	D	0.1%
BRBR	B	0.09%
ICFI	C	0.09%
PJT	C	0.09%
LNN	B	0.09%
STC	C	0.09%
CRVL	C	0.09%
CAC	C	0.09%
RUN	D	0.09%
HR	C	0.09%
PEGA	C	0.09%
DV	F	0.09%
TMDX	D	0.09%
LCID	D	0.09%
ZI	D	0.09%
ERII	C	0.09%
BILL	D	0.09%
PI	B	0.09%
RDNT	C	0.09%
AMAL	D	0.09%
BPMC	F	0.08%
TBBK	C	0.08%
ROG	D	0.08%
RNA	A	0.08%
PLUS	C	0.08%
ALG	D	0.08%
CHWY	C	0.08%
EVRI	B	0.08%
CLVT	D	0.08%
SHAK	C	0.08%
RVMD	B	0.08%
BOOT	B	0.08%
RARE	C	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	C	0.08%
PLMR	D	0.08%
MARA	F	0.08%
W	D	0.08%
MTSI	C	0.08%
TNET	F	0.08%
UPBD	F	0.07%
ENV	C	0.07%
ACVA	C	0.07%
VITL	C	0.07%
PNTG	C	0.07%
HLIT	C	0.07%
EXPO	B	0.07%
COLM	B	0.07%
VVX	B	0.07%
PHAT	C	0.07%
XPRO	F	0.07%
TREX	D	0.07%
CTS	D	0.07%
SASR	C	0.07%
VRRM	D	0.07%
PLYA	D	0.07%
PRVA	F	0.07%
INTA	C	0.07%
RH	C	0.07%
BL	D	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	A	0.07%
JBT	B	0.07%
VRNS	C	0.07%
ACLX	C	0.07%
DRS	A	0.07%
CCCS	D	0.07%
DOCS	B	0.07%
KTOS	A	0.07%
HWKN	A	0.07%
DEA	D	0.07%
CALX	C	0.07%
CCS	C	0.07%
COLD	D	0.07%
PRKS	D	0.07%
HZO	C	0.06%
TALO	F	0.06%
CIVI	F	0.06%
FROG	F	0.06%
GH	F	0.06%
EXP	C	0.06%
DCO	B	0.06%
NARI	F	0.06%
LBRDK	C	0.06%
CMCO	D	0.06%
TDOC	D	0.06%
BYD	C	0.06%
APGE	C	0.06%
PDFS	F	0.06%
MOV	F	0.06%
PTGX	C	0.06%
MNKD	C	0.06%
VSEC	D	0.06%
CART	C	0.06%
TWST	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%
CLH	C	0.06%
WKC	B	0.06%
OII	D	0.06%
MHO	A	0.06%
UFPT	D	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%
POWI	F	0.06%
SG	C	0.06%
ATRC	D	0.06%
TARS	C	0.06%
UEC	C	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%
CLNE	C	0.06%
MRUS	D	0.06%
TNC	F	0.06%
SMTC	C	0.06%
COKE	B	0.06%
SONO	D	0.06%
EWTX	B	0.06%
ALHC	C	0.06%
NEP	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%
FORM	F	0.05%
BBIO	F	0.05%
SLNO	C	0.05%
SNDX	F	0.05%
CPRX	C	0.05%
GPRE	F	0.05%
IRON	C	0.05%
PLUG	F	0.05%
AHH	F	0.05%
KURA	D	0.05%
ARVN	F	0.05%
MMS	A	0.05%
JAMF	F	0.05%
COUR	F	0.05%
SIBN	F	0.05%
CWT	D	0.05%
CGEM	F	0.05%
PGNY	F	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%
QS	F	0.05%
AI	F	0.05%
ALKT	D	0.05%
TXG	F	0.05%
PRO	F	0.05%
KLG	D	0.05%
RXRX	F	0.05%
ZEUS	F	0.05%
HLX	D	0.05%
CCRN	F	0.05%
PAYO	A	0.05%
BEAM	F	0.05%
AVDX	F	0.05%
CBZ	F	0.05%
ACEL	C	0.05%
XPEL	D	0.05%
VYX	D	0.05%
FOXF	F	0.05%
FLYW	F	0.05%
SGH	F	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
VERX	B	0.05%
MLTX	C	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%
MTTR	C	0.05%
PYCR	D	0.05%
BROS	D	0.05%
WT	D	0.05%
ATEN	C	0.05%
QDEL	D	0.05%
DYN	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%
AGIO	D	0.05%
PGRE	D	0.05%
MLNK	F	0.05%
CRAI	B	0.05%
CLDX	F	0.05%
ELVN	B	0.05%
CHH	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%
COGT	C	0.05%
YELP	F	0.05%
THRM	F	0.05%
IONS	F	0.05%
AORT	D	0.05%
SLVM	C	0.05%
PD	F	0.05%
NYCB	D	0.05%
KVYO	B	0.05%
NEOG	D	0.05%
EWCZ	F	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%
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%
NTLA	F	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%
MEG	F	0.04%
ETNB	F	0.04%
CXM	F	0.04%
RCUS	F	0.04%
BRZE	F	0.04%
NUVB	F	0.04%
SPT	F	0.04%
SWTX	F	0.04%
CLSK	F	0.04%
ASAN	F	0.04%
EGY	D	0.04%
GOGO	F	0.04%
ASPN	C	0.04%
NVCR	F	0.04%
MTUS	F	0.04%
CLW	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%
FRSH	F	0.04%
DGII	D	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
CDNA	C	0.04%
NVAX	D	0.04%
STAA	D	0.04%
ESTA	F	0.04%
WOLF	F	0.03%
GDOT	C	0.01%

ESML Underweight 366 Positions Relative to VBR

Symbol	Grade	Weight
SW	B	-0.72%
FCNCA	D	-0.65%
BLDR	B	-0.62%
BAH	A	-0.6%
CSL	A	-0.59%
ATO	A	-0.54%
EME	C	-0.54%
NRG	A	-0.52%
RS	D	-0.48%
UTHR	B	-0.47%
IEX	D	-0.46%
KIM	C	-0.46%
RPM	C	-0.44%
OC	B	-0.43%
PNR	A	-0.43%
BG	D	-0.42%
EQH	C	-0.41%
UHS	D	-0.4%
ACM	B	-0.4%
WSM	C	-0.4%
KMX	D	-0.39%
CPT	C	-0.39%
GLPI	B	-0.39%
REG	B	-0.39%
JBL	D	-0.37%
JNPR	C	-0.37%
ALLE	A	-0.36%
IPG	C	-0.36%
ALLY	F	-0.35%
FFIV	C	-0.35%
BRO	A	-0.35%
EMN	B	-0.35%
OVV	F	-0.34%
CHRW	A	-0.34%
TFX	B	-0.34%
PFGC	B	-0.34%
HII	D	-0.33%
RIVN	F	-0.33%
HUBB	A	-0.32%
CCK	A	-0.32%
APA	F	-0.31%
BXP	C	-0.31%
LDOS	A	-0.31%
AIZ	A	-0.3%
PNW	A	-0.29%
CG	C	-0.28%
DKS	D	-0.28%
AFG	B	-0.28%
TAP	D	-0.28%
WTRG	D	-0.28%
HSIC	C	-0.27%
MOS	F	-0.27%
CHK	C	-0.27%
Z	C	-0.26%
CHRD	F	-0.26%
SOLV	D	-0.26%
STLD	C	-0.26%
NNN	A	-0.25%
DINO	F	-0.24%
KNX	C	-0.24%
DOC	B	-0.23%
MLI	B	-0.23%
OGE	A	-0.23%
SEIC	B	-0.23%
STAG	D	-0.22%
NI	A	-0.22%
KEX	C	-0.21%
G	A	-0.21%
UFPI	B	-0.21%
DVA	B	-0.21%
SAIC	B	-0.2%
PB	D	-0.2%
BIO	B	-0.2%
ACI	F	-0.2%
BBWI	F	-0.2%
AAL	D	-0.2%
EVRG	B	-0.19%
UHAL	A	-0.19%
ESAB	C	-0.18%
AES	B	-0.18%
SJM	B	-0.17%
TKR	B	-0.16%
FNB	D	-0.16%
SRCL	B	-0.16%
LAMR	C	-0.16%
EPAM	F	-0.16%
QRVO	F	-0.16%
LKQ	F	-0.16%
PARA	F	-0.16%
POR	B	-0.15%
HOMB	D	-0.15%
IDA	B	-0.15%
OLN	D	-0.15%
CTLT	B	-0.15%
BCO	A	-0.14%
MATX	B	-0.13%
PII	D	-0.13%
TPG	C	-0.12%
ESGR	D	-0.12%
DNB	D	-0.12%
ENS	C	-0.12%
BKH	B	-0.12%
ASO	D	-0.12%
SLGN	A	-0.12%
HUN	B	-0.11%
UCBI	C	-0.11%
AMKR	F	-0.11%
SANM	D	-0.11%
ALE	A	-0.11%
PNM	B	-0.11%
MSM	D	-0.11%
PBH	D	-0.11%
MIDD	D	-0.11%
IAC	C	-0.11%
COTY	F	-0.1%
WSFS	D	-0.1%
EBC	D	-0.1%
NWE	A	-0.1%
NHI	C	-0.1%
AX	D	-0.1%
NSP	F	-0.1%
PAG	D	-0.1%
GMS	D	-0.1%
OTTR	F	-0.1%
IOVA	F	-0.09%
AIN	D	-0.09%
GFF	B	-0.09%
SKYW	B	-0.09%
WAFD	D	-0.09%
SMG	B	-0.09%
CATY	D	-0.09%
GNW	C	-0.09%
ALIT	D	-0.09%
FHB	D	-0.09%
TCBI	C	-0.09%
MGEE	A	-0.09%
APLE	D	-0.09%
SYNA	F	-0.09%
PRK	D	-0.08%
VIRT	C	-0.08%
LSXMK	C	-0.08%
FHI	C	-0.08%
HUBG	D	-0.08%
BTU	B	-0.08%
WLK	B	-0.08%
ADTN	C	-0.08%
BHF	F	-0.08%
CACC	F	-0.08%
UNF	B	-0.08%
LAUR	C	-0.07%
TOWN	D	-0.07%
FRME	D	-0.07%
AKR	B	-0.07%
ARCH	D	-0.07%
BOKF	D	-0.07%
URBN	F	-0.07%
OSIS	B	-0.07%
ABR	B	-0.07%
GHC	B	-0.07%
UE	B	-0.07%
VSH	F	-0.07%
SFNC	C	-0.07%
TTMI	D	-0.06%
GOLF	F	-0.06%
IVT	B	-0.06%
ZG	C	-0.06%
VIAV	C	-0.06%
B	D	-0.06%
BANF	D	-0.06%
JOBY	F	-0.06%
OI	D	-0.06%
GNL	D	-0.06%
WLY	A	-0.06%
VGR	C	-0.06%
KMT	C	-0.06%
IBTX	D	-0.06%
NATL	D	-0.06%
EQC	D	-0.06%
SXI	B	-0.06%
CTRE	B	-0.06%
SHO	D	-0.06%
STRA	F	-0.06%
OFG	D	-0.06%
PHIN	D	-0.06%
EVTC	D	-0.06%
GTY	B	-0.05%
STBA	D	-0.05%
KN	D	-0.05%
LTC	C	-0.05%
STEP	A	-0.05%
JBLU	B	-0.05%
REYN	C	-0.05%
PPC	A	-0.05%
CHCO	D	-0.05%
FCF	D	-0.05%
CRGY	D	-0.05%
CENTA	F	-0.05%
LZB	C	-0.05%
DRH	D	-0.05%
NWBI	D	-0.05%
NMRK	B	-0.05%
NHC	D	-0.05%
GEO	F	-0.05%
LGND	D	-0.05%
WSBC	D	-0.05%
TRMK	D	-0.05%
MCY	B	-0.05%
SUPN	D	-0.05%
ROIC	B	-0.05%
IPGP	D	-0.05%
SCS	D	-0.04%
AMRX	A	-0.04%
AIV	C	-0.04%
KFRC	F	-0.04%
EIG	B	-0.04%
INSW	C	-0.04%
PMT	B	-0.04%
SAFT	D	-0.04%
WS	D	-0.04%
MSGE	B	-0.04%
UVV	C	-0.04%
BKE	C	-0.04%
LC	D	-0.04%
OXM	F	-0.04%
WABC	F	-0.04%
PWSC	C	-0.04%
NAVI	D	-0.04%
CODI	D	-0.04%
WOR	F	-0.04%
SPNT	D	-0.04%
LADR	D	-0.04%
UA	B	-0.04%
NGVT	D	-0.04%
ALEX	D	-0.04%
HP	F	-0.04%
CXW	F	-0.04%
NTCT	C	-0.04%
HMN	C	-0.04%
HOPE	D	-0.04%
DAN	F	-0.04%
RRR	D	-0.04%
APOG	B	-0.04%
HEES	D	-0.04%
HTH	D	-0.04%
ARI	F	-0.04%
BLMN	F	-0.04%
DNUT	D	-0.03%
CGON	C	-0.03%
BRKL	D	-0.03%
FG	C	-0.03%
CBRL	D	-0.03%
NNI	C	-0.03%
CVI	F	-0.03%
BV	B	-0.03%
MD	B	-0.03%
NX	F	-0.03%
RBRK	F	-0.03%
CMTG	F	-0.03%
SIRI	C	-0.03%
MATV	D	-0.03%
RWT	C	-0.03%
GIII	C	-0.03%
HTLF	C	-0.03%
INVA	B	-0.03%
DDS	D	-0.03%
TRS	D	-0.03%
WWW	B	-0.03%
ODP	F	-0.03%
VSTO	D	-0.03%
ATSG	C	-0.03%
THR	F	-0.03%
CNNE	F	-0.03%
DBRG	D	-0.03%
WMK	D	-0.03%
AVNS	C	-0.03%
CSR	D	-0.03%
ACT	C	-0.03%
CARS	F	-0.03%
FDP	B	-0.03%
SCSC	D	-0.03%
KALU	D	-0.03%
HE	F	-0.03%
HTLD	F	-0.02%
FOR	D	-0.02%
SMR	C	-0.02%
CNDT	B	-0.02%
GES	F	-0.02%
SCHL	D	-0.02%
HY	F	-0.02%
BGS	D	-0.02%
BMBL	F	-0.02%
UHAL	A	-0.02%
SWI	C	-0.02%
CFFN	D	-0.02%
SMMT	D	-0.02%
PRA	C	-0.02%
TMP	D	-0.02%
USM	C	-0.02%
PUMP	F	-0.02%
RGR	F	-0.02%
HLIO	C	-0.02%
MATW	F	-0.02%
SEB	D	-0.02%
ECVT	F	-0.02%
PRLB	F	-0.02%
HLF	F	-0.02%
SVC	F	-0.02%
BRSP	D	-0.02%
PZZA	D	-0.02%
HCSG	D	-0.02%
SAH	D	-0.02%
UFCS	D	-0.01%
PACB	F	-0.01%
OPK	D	-0.01%
NPK	F	-0.01%
OLPX	C	-0.01%
WOOF	C	-0.01%
BRCC	F	-0.01%
ALX	C	-0.01%
ZIP	D	-0.01%
KRO	C	-0.01%
DJT	F	-0.01%
CRCT	C	-0.01%
SRCL	B	-0.01%
TRTX	D	-0.01%
AMCX	F	-0.01%
EGBN	C	-0.01%
SWBI	F	-0.01%
HTZ	F	-0.01%
NAPA	F	-0.01%
CENT	F	-0.01%
BJRI	D	-0.01%
WRLD	D	-0.01%
PCRX	F	-0.01%
INN	B	-0.01%
FWRD	D	-0.01%
RMR	B	-0.01%
VMEO	C	-0.01%
AMK	B	-0.01%
ATUS	C	-0.01%
GRC	B	-0.01%
NUS	F	-0.01%
PTVE	D	-0.01%
UDMY	F	-0.01%
DAWN	D	-0.01%
TWKS	C	-0.01%
CCO	D	-0.01%
CWH	C	-0.01%
GCMG	C	-0.01%
DIN	D	-0.01%
USNA	F	-0.01%
CLBK	F	-0.01%
JACK	F	-0.01%
NVRI	D	-0.01%
BFS	B	-0.01%
SSP	F	-0.0%
SCWX	C	-0.0%
AC	B	-0.0%
TTEC	D	-0.0%
CRNC	F	-0.0%
SAVE	F	-0.0%
CHGG	F	-0.0%
ACDC	D	-0.0%
UHT	C	-0.0%
DBI	F	-0.0%
LDI	C	-0.0%