ESML vs. VFVA ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard Wellington Fund ETF (VFVA)

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

$41.61

Average Daily Volume

109,653

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$120.55

Average Daily Volume

25,882

Number of Holdings ^*

556

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VFVA
30 Days	3.88%	2.94%
60 Days	9.57%	8.47%
90 Days	9.72%	8.97%
12 Months	29.14%	27.77%

208 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VFVA	Overlap
AAP	F	0.06%	0.14%	0.06%
ABCB	C	0.1%	0.15%	0.1%
ABG	D	0.12%	0.16%	0.12%
AGCO	D	0.15%	0.15%	0.15%
AL	D	0.1%	0.53%	0.1%
ALK	C	0.21%	0.21%	0.21%
ALSN	A	0.22%	0.14%	0.14%
AMAL	B	0.09%	0.03%	0.03%
AMG	B	0.18%	0.2%	0.18%
AMWD	C	0.07%	0.05%	0.05%
ANDE	D	0.07%	0.11%	0.07%
AR	C	0.21%	0.05%	0.05%
ARCB	F	0.05%	0.04%	0.04%
ARW	C	0.11%	0.18%	0.11%
ASB	D	0.15%	0.14%	0.14%
ASGN	D	0.15%	0.06%	0.06%
ATGE	D	0.05%	0.14%	0.05%
ATKR	F	0.09%	0.04%	0.04%
AUB	D	0.1%	0.12%	0.1%
AVT	B	0.29%	0.19%	0.19%
AXL	F	0.05%	0.13%	0.05%
AXS	A	0.18%	0.26%	0.18%
BANC	D	0.06%	0.12%	0.06%
BANR	B	0.15%	0.08%	0.08%
BC	C	0.08%	0.07%	0.07%
BCC	C	0.17%	0.02%	0.02%
BERY	C	0.18%	0.37%	0.18%
BHLB	D	0.18%	0.07%	0.07%
BKU	D	0.06%	0.16%	0.06%
BPOP	D	0.08%	0.07%	0.07%
BRY	F	0.04%	0.15%	0.04%
BWA	C	0.19%	0.19%	0.19%
BYD	B	0.06%	0.18%	0.06%
CABO	F	0.12%	0.13%	0.12%
CADE	B	0.13%	0.16%	0.13%
CAL	F	0.04%	0.07%	0.04%
CC	D	0.06%	0.03%	0.03%
CCRN	F	0.05%	0.06%	0.05%
CCS	C	0.07%	0.2%	0.07%
CFR	B	0.08%	0.03%	0.03%
CIVI	F	0.06%	0.18%	0.06%
CLF	D	0.07%	0.2%	0.07%
CLW	F	0.04%	0.2%	0.04%
CMA	C	0.19%	0.14%	0.14%
CMC	D	0.21%	0.15%	0.15%
CNO	B	0.18%	0.04%	0.04%
CNXC	F	0.04%	0.27%	0.04%
COHR	B	0.27%	0.11%	0.11%
COLB	C	0.12%	0.29%	0.12%
COOP	B	0.05%	0.13%	0.05%
CRC	B	0.09%	0.17%	0.09%
CROX	C	0.23%	0.07%	0.07%
CUBI	F	0.05%	0.15%	0.05%
CWK	D	0.07%	0.07%	0.07%
DAR	F	0.18%	0.19%	0.18%
DBX	C	0.15%	0.09%	0.09%
DK	F	0.04%	0.05%	0.04%
DLX	F	0.05%	0.15%	0.05%
DTM	A	0.23%	0.17%	0.17%
DXC	C	0.1%	0.23%	0.1%
EAT	A	0.11%	0.18%	0.11%
EFSC	D	0.1%	0.2%	0.1%
EGY	D	0.04%	0.06%	0.04%
ELAN	D	0.17%	0.15%	0.15%
EMBC	F	0.05%	0.07%	0.05%
EPC	F	0.05%	0.03%	0.03%
ESI	C	0.14%	0.03%	0.03%
ESNT	A	0.08%	0.44%	0.08%
ETWO	F	0.05%	0.05%	0.05%
EVRI	A	0.08%	0.11%	0.08%
EWBC	B	0.33%	0.08%	0.08%
FAF	C	0.17%	0.07%	0.07%
FFBC	D	0.05%	0.2%	0.05%
FHN	D	0.19%	0.18%	0.18%
FIBK	C	0.14%	0.07%	0.07%
FOXF	F	0.05%	0.04%	0.04%
FULT	D	0.11%	0.15%	0.11%
GATX	F	0.16%	0.05%	0.05%
GBX	C	0.05%	0.02%	0.02%
GDOT	C	0.01%	0.1%	0.01%
GEF	B	0.05%	0.05%	0.05%
GEF	B	0.05%	0.05%	0.05%
GL	C	0.13%	0.07%	0.07%
GPI	C	0.19%	0.17%	0.17%
GPK	D	0.29%	0.06%	0.06%
GRBK	C	0.05%	0.1%	0.05%
GT	F	0.06%	0.2%	0.06%
GTES	C	0.06%	0.3%	0.06%
HAFC	D	0.05%	0.07%	0.05%
HAIN	C	0.06%	0.15%	0.06%
HBI	B	0.07%	0.1%	0.07%
HCC	C	0.05%	0.08%	0.05%
HGV	F	0.06%	0.04%	0.04%
HLX	C	0.05%	0.14%	0.05%
HOG	D	0.24%	0.17%	0.17%
HRB	C	0.21%	0.17%	0.17%
HRI	B	0.18%	0.11%	0.11%
HWC	D	0.08%	0.2%	0.08%
IART	F	0.04%	0.04%	0.04%
INDB	D	0.07%	0.06%	0.06%
INGR	B	0.41%	0.16%	0.16%
IVZ	A	0.25%	0.18%	0.18%
JAZZ	F	0.15%	0.16%	0.15%
JEF	A	0.09%	0.23%	0.09%
JELD	D	0.05%	0.08%	0.05%
JHG	A	0.45%	0.07%	0.07%
JLL	C	0.38%	0.14%	0.14%
JXN	A	0.14%	0.09%	0.09%
KBH	D	0.23%	0.23%	0.23%
KELYA	D	0.05%	0.05%	0.05%
KFY	C	0.09%	0.07%	0.07%
KOP	F	0.08%	0.13%	0.08%
KOS	F	0.11%	0.06%	0.06%
LEA	F	0.13%	0.16%	0.13%
LEG	D	0.07%	0.21%	0.07%
LNC	B	0.09%	0.35%	0.09%
M	D	0.13%	0.19%	0.13%
MAN	D	0.08%	0.13%	0.08%
MBUU	D	0.05%	0.22%	0.05%
MDU	C	0.3%	0.18%	0.18%
MHK	C	0.08%	0.4%	0.08%
MHO	C	0.06%	0.15%	0.06%
MLKN	F	0.04%	0.09%	0.04%
MOV	F	0.06%	0.05%	0.05%
MTG	A	0.25%	0.3%	0.25%
MTH	C	0.19%	0.21%	0.19%
MTUS	F	0.04%	0.09%	0.04%
MUR	F	0.14%	0.21%	0.14%
NBHC	D	0.05%	0.03%	0.03%
NBTB	D	0.05%	0.08%	0.05%
NMIH	B	0.1%	0.07%	0.07%
NVST	D	0.06%	0.16%	0.06%
NWL	D	0.08%	0.21%	0.08%
NXST	D	0.09%	0.06%	0.06%
OGN	F	0.11%	0.23%	0.11%
OMCL	C	0.05%	0.07%	0.05%
OMF	D	0.18%	0.14%	0.14%
OMI	F	0.05%	0.11%	0.05%
ONB	D	0.17%	0.27%	0.17%
ORI	A	0.13%	0.13%	0.13%
OZK	D	0.12%	0.13%	0.12%
PBF	F	0.06%	0.36%	0.06%
PENN	D	0.05%	0.07%	0.05%
PFS	D	0.04%	0.15%	0.04%
PFSI	C	0.12%	0.05%	0.05%
PINC	F	0.12%	0.15%	0.12%
PNFP	B	0.25%	0.1%	0.1%
PPBI	D	0.06%	0.11%	0.06%
PR	D	0.17%	0.14%	0.14%
PRGO	F	0.07%	0.2%	0.07%
PTEN	F	0.04%	0.17%	0.04%
PVH	D	0.16%	0.17%	0.16%
R	C	0.27%	0.41%	0.27%
RDN	D	0.09%	0.28%	0.09%
RDUS	D	0.12%	0.04%	0.04%
REVG	D	0.05%	0.09%	0.05%
REZI	D	0.18%	0.16%	0.16%
RGA	B	0.3%	0.05%	0.05%
RNG	F	0.05%	0.15%	0.05%
RNR	A	0.26%	0.14%	0.14%
RNST	D	0.08%	0.15%	0.08%
RRC	D	0.24%	0.06%	0.06%
RRX	B	0.16%	0.11%	0.11%
RUSHA	D	0.05%	0.06%	0.05%
SASR	B	0.07%	0.09%	0.07%
SBH	B	0.05%	0.14%	0.05%
SF	A	0.15%	0.14%	0.14%
SIG	C	0.11%	0.18%	0.11%
SLM	B	0.16%	0.04%	0.04%
SLVM	C	0.05%	0.17%	0.05%
SM	D	0.05%	0.27%	0.05%
SMP	D	0.05%	0.06%	0.05%
SNDR	D	0.18%	0.16%	0.16%
SNV	D	0.25%	0.24%	0.24%
SNX	C	0.08%	0.19%	0.08%
SON	D	0.13%	0.15%	0.13%
SSB	C	0.25%	0.1%	0.1%
ST	F	0.09%	0.18%	0.09%
STC	D	0.09%	0.12%	0.09%
TALO	D	0.06%	0.05%	0.05%
TDS	C	0.07%	0.18%	0.07%
TEX	F	0.08%	0.13%	0.08%
TGNA	B	0.18%	0.2%	0.18%
THG	A	0.17%	0.04%	0.04%
TMHC	C	0.17%	0.3%	0.17%
TNL	B	0.14%	0.23%	0.14%
TOL	C	0.27%	0.16%	0.16%
TPH	C	0.15%	0.23%	0.15%
TPR	B	0.25%	0.04%	0.04%
TROX	D	0.06%	0.24%	0.06%
UBSI	D	0.16%	0.08%	0.08%
UNFI	C	0.06%	0.16%	0.06%
UNM	A	0.21%	0.39%	0.21%
VAC	D	0.07%	0.1%	0.07%
VBTX	C	0.05%	0.13%	0.05%
VLY	C	0.13%	0.19%	0.13%
VREX	F	0.05%	0.02%	0.02%
VRNT	F	0.06%	0.05%	0.05%
WAL	C	0.21%	0.15%	0.15%
WBS	D	0.22%	0.25%	0.22%
WCC	D	0.21%	0.15%	0.15%
WERN	D	0.12%	0.04%	0.04%
WNC	F	0.05%	0.08%	0.05%
XRAY	D	0.07%	0.06%	0.06%
XRX	D	0.05%	0.13%	0.05%
ZD	D	0.07%	0.15%	0.07%
ZEUS	F	0.05%	0.04%	0.04%
ZION	D	0.17%	0.16%	0.16%

ESML Overweight 696 Positions Relative to VFVA

Symbol	Grade	Weight
CASY	D	0.5%
USFD	C	0.49%
GWRE	A	0.41%
KBR	A	0.4%
REXR	D	0.39%
CVNA	A	0.36%
FIX	A	0.36%
SFM	A	0.35%
MUSA	D	0.34%
OGS	C	0.33%
NTNX	C	0.33%
FTI	B	0.33%
RGLD	C	0.32%
FRT	D	0.32%
BMI	A	0.31%
FLEX	B	0.31%
ITT	C	0.3%
WEX	C	0.3%
ONTO	B	0.3%
BLD	D	0.3%
EHC	C	0.29%
AYI	A	0.29%
OSK	F	0.28%
SIGI	D	0.28%
BFAM	C	0.28%
WMS	D	0.27%
PCVX	C	0.27%
UGI	C	0.27%
AXTA	C	0.26%
SCI	D	0.26%
XPO	F	0.26%
BWXT	A	0.26%
IBKR	A	0.26%
NTRA	A	0.26%
CNM	F	0.25%
GBCI	B	0.25%
DCI	B	0.25%
THC	D	0.25%
WING	C	0.25%
BJ	B	0.25%
SWN	D	0.24%
SAIA	D	0.24%
UMBF	C	0.24%
ARMK	C	0.24%
PRGS	A	0.24%
FND	C	0.24%
FELE	C	0.23%
MWA	A	0.23%
INSM	D	0.23%
FCN	C	0.23%
CNX	A	0.23%
MOG.A	C	0.23%
ATR	A	0.23%
SUM	F	0.23%
EGP	D	0.23%
CUBE	C	0.23%
LSTR	F	0.22%
CUZ	C	0.22%
PRI	A	0.22%
NJR	C	0.22%
CW	A	0.22%
CDP	A	0.22%
CACI	A	0.22%
MTN	D	0.22%
HAS	A	0.22%
CVLT	B	0.21%
NFG	A	0.21%
AWI	A	0.21%
NOVT	C	0.21%
SRPT	F	0.21%
AAON	A	0.21%
WTS	C	0.21%
ENSG	D	0.21%
WHR	C	0.2%
NVT	C	0.2%
KNSL	B	0.2%
FTDR	B	0.2%
RHP	B	0.2%
LNW	F	0.2%
FBP	B	0.2%
EPRT	C	0.2%
FTAI	A	0.2%
RHI	D	0.2%
WWD	C	0.2%
AVA	D	0.2%
WSC	D	0.2%
BDC	A	0.2%
NCLH	C	0.2%
HHH	C	0.2%
CBSH	D	0.2%
EXLS	B	0.2%
OHI	C	0.2%
MSA	F	0.19%
CR	A	0.19%
RLI	A	0.19%
TTEK	A	0.19%
AFRM	C	0.19%
GNRC	B	0.19%
NYT	C	0.19%
ACHC	F	0.19%
PCH	C	0.19%
LAD	C	0.19%
LECO	D	0.19%
AA	B	0.19%
ZWS	A	0.19%
MORN	B	0.18%
CIEN	A	0.18%
ATI	C	0.18%
MOD	B	0.18%
TKO	A	0.18%
SPSC	D	0.18%
VVV	D	0.18%
SITE	D	0.18%
PLNT	B	0.18%
SPXC	A	0.18%
ITRI	C	0.18%
FMC	C	0.18%
FRPT	A	0.18%
WK	D	0.18%
ENLC	A	0.18%
NSIT	B	0.18%
VFC	A	0.18%
GME	D	0.18%
CRUS	D	0.18%
FN	B	0.17%
CHX	C	0.17%
VOYA	A	0.17%
PCTY	C	0.17%
DLB	D	0.17%
RGEN	F	0.17%
LPX	C	0.17%
BRKR	D	0.17%
LSCC	D	0.17%
GKOS	B	0.17%
NOV	F	0.16%
ESTC	F	0.16%
AM	A	0.16%
BRX	C	0.16%
CZR	B	0.16%
LAZ	C	0.16%
LUMN	C	0.16%
FSS	D	0.16%
PLXS	A	0.16%
BHE	C	0.16%
AEIS	B	0.16%
WFRD	F	0.16%
DUOL	B	0.16%
MTZ	A	0.16%
PEN	D	0.15%
HIW	C	0.15%
SR	D	0.15%
HXL	F	0.15%
KTB	C	0.15%
TPX	C	0.15%
GXO	D	0.15%
MKSI	F	0.15%
MMSI	C	0.15%
ANF	D	0.15%
KNTK	A	0.15%
MEDP	F	0.15%
PDCO	F	0.15%
CHE	D	0.15%
ACIW	A	0.15%
FLS	A	0.15%
HNI	B	0.15%
LFUS	C	0.15%
PCOR	D	0.15%
ALTR	B	0.14%
VNT	F	0.14%
AZEK	D	0.14%
ITCI	D	0.14%
BCPC	C	0.14%
NPO	C	0.14%
HQY	B	0.14%
GTLB	D	0.14%
CBT	B	0.14%
FYBR	C	0.14%
LNTH	C	0.14%
X	F	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%
BLKB	C	0.13%
IBCP	D	0.13%
YETI	C	0.13%
THO	C	0.13%
KNF	B	0.13%
SHOO	A	0.13%
ITGR	B	0.13%
OLLI	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	C	0.13%
AGNC	B	0.13%
CPF	C	0.13%
OPCH	F	0.13%
CYTK	D	0.13%
DFIN	B	0.13%
VKTX	C	0.13%
CPK	C	0.13%
SWX	C	0.13%
ACA	C	0.13%
CHDN	C	0.13%
KLIC	D	0.13%
RYAN	A	0.13%
MAT	B	0.13%
FA	A	0.12%
ECPG	F	0.12%
EPAC	A	0.12%
SITC	D	0.12%
ADC	C	0.12%
IBP	C	0.12%
RMBS	F	0.12%
FIVE	D	0.12%
VMI	B	0.12%
WGO	D	0.12%
APPF	C	0.12%
TRNO	D	0.12%
MTX	C	0.12%
CAVA	B	0.12%
HASI	B	0.12%
GAP	F	0.12%
WTM	C	0.12%
BECN	D	0.12%
HALO	D	0.12%
WDFC	B	0.11%
GTLS	D	0.11%
XENE	D	0.11%
SCL	D	0.11%
CFLT	F	0.11%
ORA	C	0.11%
PRIM	A	0.11%
U	D	0.11%
STRL	B	0.11%
MRCY	B	0.11%
CGNX	F	0.11%
WHD	A	0.11%
SSD	B	0.11%
DNLI	C	0.11%
HAE	F	0.11%
AIT	B	0.11%
DY	C	0.11%
STWD	C	0.11%
PATH	D	0.11%
KRC	C	0.11%
FUL	F	0.11%
MYRG	D	0.11%
BHVN	C	0.11%
S	C	0.11%
PSN	A	0.11%
LRN	D	0.11%
LCII	C	0.11%
ETSY	F	0.11%
IDCC	A	0.11%
AMED	D	0.1%
CRDO	B	0.1%
POST	C	0.1%
BWIN	A	0.1%
SLG	C	0.1%
FR	D	0.1%
CSGS	B	0.1%
GMED	B	0.1%
ALKS	B	0.1%
TXRH	A	0.1%
QTWO	B	0.1%
NXT	F	0.1%
TENB	D	0.1%
RXO	D	0.1%
BRC	C	0.1%
CRNX	C	0.1%
AEO	C	0.1%
OLED	B	0.1%
INSP	C	0.1%
LBRDA	C	0.1%
FLR	B	0.1%
SJW	D	0.1%
TDC	D	0.1%
KAR	F	0.1%
HCP	A	0.1%
VC	F	0.1%
CCOI	B	0.1%
SLAB	D	0.1%
EVR	C	0.1%
BRBR	A	0.09%
LYFT	D	0.09%
MGRC	D	0.09%
ICFI	C	0.09%
PJT	A	0.09%
ESE	C	0.09%
UNIT	B	0.09%
LNN	C	0.09%
BXMT	C	0.09%
AUR	C	0.09%
WEN	B	0.09%
KD	D	0.09%
CRVL	C	0.09%
CAC	C	0.09%
AROC	B	0.09%
RUN	D	0.09%
RL	B	0.09%
HR	D	0.09%
APAM	B	0.09%
PEGA	B	0.09%
DV	F	0.09%
TMDX	D	0.09%
LCID	F	0.09%
ZI	F	0.09%
ERII	C	0.09%
BILL	D	0.09%
PI	A	0.09%
RDNT	C	0.09%
TRN	C	0.09%
CVBF	B	0.09%
XHR	A	0.08%
BPMC	F	0.08%
TBBK	A	0.08%
IOSP	F	0.08%
ROG	D	0.08%
RNA	B	0.08%
PLUS	B	0.08%
AZZ	B	0.08%
OUT	C	0.08%
NWN	D	0.08%
ALG	F	0.08%
CHWY	C	0.08%
CWEN	C	0.08%
CLVT	D	0.08%
AMN	F	0.08%
CNK	D	0.08%
SHAK	A	0.08%
RVMD	B	0.08%
SXT	C	0.08%
MAC	B	0.08%
BOOT	B	0.08%
RARE	D	0.08%
SBRA	C	0.08%
SPB	C	0.08%
ENOV	F	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	D	0.08%
ICUI	B	0.08%
PLMR	A	0.08%
MARA	F	0.08%
WU	D	0.08%
LITE	A	0.08%
AN	D	0.08%
W	C	0.08%
MTSI	B	0.08%
TNET	D	0.08%
VNO	B	0.08%
ABM	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%
PNTG	C	0.07%
JBGS	C	0.07%
CPRI	C	0.07%
VCTR	A	0.07%
HLIT	D	0.07%
EXPO	A	0.07%
COLM	B	0.07%
VVX	A	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	B	0.07%
FL	F	0.07%
VRRM	D	0.07%
PEB	D	0.07%
PLYA	D	0.07%
SATS	C	0.07%
PRVA	F	0.07%
INTA	C	0.07%
RH	C	0.07%
PDM	C	0.07%
BL	D	0.07%
BOH	D	0.07%
WD	C	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	B	0.07%
MPW	C	0.07%
KREF	C	0.07%
JBT	B	0.07%
VRNS	B	0.07%
ACLX	C	0.07%
AVNT	C	0.07%
DRS	A	0.07%
CCCS	D	0.07%
PIPR	A	0.07%
DOCS	A	0.07%
SEE	C	0.07%
GVA	A	0.07%
KTOS	B	0.07%
HWKN	B	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CALX	C	0.07%
COLD	D	0.07%
PRKS	C	0.07%
MTRN	F	0.06%
HURN	D	0.06%
HZO	C	0.06%
IBOC	D	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%
CMCO	D	0.06%
KSS	D	0.06%
TDOC	D	0.06%
HELE	D	0.06%
APGE	C	0.06%
THS	D	0.06%
PDFS	F	0.06%
CBU	D	0.06%
PTGX	C	0.06%
MNKD	B	0.06%
CLB	D	0.06%
MEI	D	0.06%
VSEC	D	0.06%
CART	B	0.06%
HL	C	0.06%
TWST	D	0.06%
AIR	C	0.06%
WRBY	B	0.06%
FOUR	A	0.06%
OSCR	C	0.06%
FUN	F	0.06%
KROS	C	0.06%
ROCK	D	0.06%
PAR	D	0.06%
KYMR	D	0.06%
JWN	D	0.06%
MYGN	D	0.06%
SPR	D	0.06%
APG	F	0.06%
CLH	B	0.06%
WKC	A	0.06%
CWEN	C	0.06%
TILE	C	0.06%
OII	D	0.06%
UFPT	D	0.06%
MXL	D	0.06%
AVPT	A	0.06%
IESC	A	0.06%
ADUS	D	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%
FFIN	D	0.06%
SG	C	0.06%
ATRC	C	0.06%
TARS	C	0.06%
UEC	C	0.06%
CDE	C	0.06%
EPR	C	0.06%
ADMA	A	0.06%
HIMS	C	0.06%
RCM	B	0.06%
ROIV	D	0.06%
BDN	B	0.06%
CMP	D	0.06%
WTFC	B	0.06%
COMP	C	0.06%
CLNE	C	0.06%
RKLB	B	0.06%
MRUS	D	0.06%
TNC	F	0.06%
SMTC	C	0.06%
SKT	A	0.06%
COKE	C	0.06%
EYE	F	0.06%
SONO	F	0.06%
EWTX	B	0.06%
ALHC	C	0.06%
NEP	D	0.06%
NUVL	B	0.06%
MIR	B	0.06%
LEVI	C	0.06%
PK	D	0.06%
TNDM	D	0.06%
RKT	D	0.06%
MODG	F	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
MQ	F	0.05%
TGTX	D	0.05%
SVRA	F	0.05%
TGI	F	0.05%
FORM	D	0.05%
BBIO	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%
PLUG	D	0.05%
KRYS	D	0.05%
AHH	F	0.05%
CAR	D	0.05%
KURA	F	0.05%
ARVN	F	0.05%
FLO	D	0.05%
MMS	C	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	F	0.05%
PGNY	F	0.05%
ARLO	F	0.05%
MGNI	D	0.05%
RAMP	F	0.05%
RBBN	C	0.05%
ZUO	F	0.05%
LOPE	D	0.05%
INVX	F	0.05%
QS	F	0.05%
AI	D	0.05%
ALKT	D	0.05%
TXG	F	0.05%
PRO	F	0.05%
DNOW	F	0.05%
AMBC	F	0.05%
KLG	F	0.05%
RXRX	F	0.05%
KMPR	D	0.05%
ASH	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	C	0.05%
BGC	B	0.05%
MRC	D	0.05%
FLYW	F	0.05%
SGH	D	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
FTRE	F	0.05%
AWR	B	0.05%
VERX	B	0.05%
MLTX	C	0.05%
CRI	D	0.05%
PLAY	D	0.05%
JANX	C	0.05%
CWAN	B	0.05%
CSTL	B	0.05%
ICHR	D	0.05%
PETQ	A	0.05%
SMPL	D	0.05%
HOUS	D	0.05%
VSCO	C	0.05%
VRTS	D	0.05%
MTTR	B	0.05%
EDR	A	0.05%
INFA	D	0.05%
UAA	B	0.05%
PYCR	D	0.05%
PSMT	A	0.05%
HAYW	C	0.05%
BROS	F	0.05%
GO	F	0.05%
WT	D	0.05%
ATEN	B	0.05%
MNRO	B	0.05%
QDEL	D	0.05%
DYN	D	0.05%
SFBS	B	0.05%
NRIX	D	0.05%
ARWR	F	0.05%
SAVA	D	0.05%
IVR	C	0.05%
VVI	B	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	A	0.05%
RYN	C	0.05%
CHH	A	0.05%
CAKE	A	0.05%
ARQT	D	0.05%
AGYS	D	0.05%
OWL	A	0.05%
PTCT	C	0.05%
CNMD	F	0.05%
NOVA	F	0.05%
RXST	F	0.05%
SKY	C	0.05%
BNL	C	0.05%
COGT	B	0.05%
YELP	D	0.05%
THRM	F	0.05%
IONS	F	0.05%
AORT	B	0.05%
PRAA	F	0.05%
EE	B	0.05%
AGO	B	0.05%
MMI	D	0.05%
PD	F	0.05%
NYCB	D	0.05%
KVYO	B	0.05%
NEOG	F	0.05%
RUSHB	D	0.05%
EWCZ	F	0.05%
CALM	A	0.05%
ARKO	C	0.05%
PLOW	D	0.05%
DOCN	B	0.05%
SHC	C	0.05%
INFN	C	0.05%
MASI	B	0.05%
LIVN	C	0.05%
AXSM	D	0.05%
FIVN	F	0.05%
VERA	C	0.05%
CECO	D	0.05%
VNOM	A	0.05%
ZYME	B	0.05%
VSTS	D	0.05%
NTLA	F	0.05%
UPST	C	0.05%
CRMT	F	0.04%
APLS	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%
ETNB	F	0.04%
CXM	F	0.04%
RCUS	D	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%
GOGO	F	0.04%
ASPN	C	0.04%
NVCR	F	0.04%
IMVT	D	0.04%
ANAB	D	0.04%
NCNO	F	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	B	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
CDNA	B	0.04%
NVAX	C	0.04%
STAA	D	0.04%
ESTA	D	0.04%
VSAT	F	0.03%
WOLF	F	0.03%
MC	B	0.02%
DEI	A	0.02%

ESML Underweight 349 Positions Relative to VFVA

Symbol	Grade	Weight
MO	D	-1.17%
GM	D	-1.11%
T	B	-1.09%
FDX	F	-1.09%
CVS	D	-1.02%
F	D	-0.99%
VZ	C	-0.99%
CMCSA	B	-0.98%
BAC	B	-0.88%
PSX	D	-0.86%
VLO	F	-0.86%
C	B	-0.84%
TFC	D	-0.83%
CVX	B	-0.77%
BMY	A	-0.76%
WFC	B	-0.74%
MPC	D	-0.7%
COF	A	-0.69%
HCA	C	-0.69%
USB	C	-0.69%
XOM	A	-0.68%
CI	D	-0.67%
PFE	D	-0.65%
EOG	B	-0.65%
JPM	C	-0.64%
NUE	D	-0.63%
AIG	C	-0.58%
GILD	A	-0.58%
OXY	D	-0.54%
COP	D	-0.54%
HPQ	B	-0.5%
CB	A	-0.49%
MET	A	-0.49%
MCK	F	-0.48%
TRV	B	-0.47%
BK	A	-0.47%
GS	B	-0.46%
PRU	B	-0.45%
ADM	F	-0.44%
FCX	B	-0.44%
MDT	C	-0.41%
SYF	A	-0.4%
FOX	B	-0.39%
FANG	D	-0.39%
WMB	A	-0.36%
PRDO	D	-0.34%
CAH	B	-0.34%
MS	A	-0.34%
MATX	C	-0.33%
CE	D	-0.33%
PHM	C	-0.33%
LYB	B	-0.33%
ALLY	F	-0.32%
TTMI	D	-0.31%
INSW	B	-0.31%
PNC	C	-0.31%
TAP	D	-0.3%
UAL	A	-0.29%
TMUS	A	-0.29%
CAG	D	-0.28%
SLB	D	-0.28%
GD	C	-0.28%
AZO	D	-0.28%
HUM	F	-0.27%
HPE	B	-0.27%
BG	F	-0.26%
CHRD	F	-0.26%
LEN	C	-0.26%
DHI	C	-0.26%
TNK	C	-0.26%
ALGT	D	-0.26%
FIS	A	-0.25%
STNG	B	-0.25%
INTC	D	-0.25%
BHF	D	-0.24%
ESGR	C	-0.24%
CTRA	D	-0.24%
STBA	D	-0.23%
VTRS	D	-0.23%
UTHR	C	-0.23%
OI	D	-0.23%
WWW	B	-0.22%
KR	C	-0.22%
LILAK	D	-0.22%
GPOR	B	-0.22%
UHAL	C	-0.21%
DIN	D	-0.21%
KHC	F	-0.21%
LEN	C	-0.21%
DINO	F	-0.21%
FNB	D	-0.21%
DAL	C	-0.21%
OVV	D	-0.2%
BBWI	F	-0.2%
KNX	D	-0.2%
PYPL	A	-0.2%
ACGL	A	-0.2%
OCFC	C	-0.2%
DOW	B	-0.2%
ASC	D	-0.2%
CHGG	F	-0.19%
ALL	A	-0.19%
RPRX	D	-0.19%
JNJ	D	-0.19%
MLI	B	-0.19%
MOS	F	-0.19%
WAFD	D	-0.19%
GIS	C	-0.19%
GNK	D	-0.19%
SNCY	F	-0.18%
CCSI	C	-0.18%
SKYW	B	-0.18%
MTB	A	-0.18%
UHS	D	-0.18%
CFG	C	-0.18%
NWSA	D	-0.18%
KEY	B	-0.18%
JACK	F	-0.18%
CNC	F	-0.17%
GTN	D	-0.17%
HOPE	B	-0.17%
SEB	F	-0.17%
PB	D	-0.17%
BGS	D	-0.17%
AHCO	D	-0.17%
MTDR	D	-0.17%
GLNG	A	-0.17%
STLD	C	-0.16%
WSBC	D	-0.16%
IBM	A	-0.16%
ADNT	F	-0.16%
DAN	D	-0.16%
LZB	D	-0.16%
ATSG	D	-0.16%
PARR	F	-0.15%
IMKTA	F	-0.15%
GIII	C	-0.15%
XPOF	F	-0.15%
QRVO	F	-0.15%
BDX	C	-0.15%
BZH	C	-0.15%
MD	B	-0.15%
PLTK	C	-0.15%
BXC	D	-0.15%
ASO	D	-0.15%
OLN	D	-0.15%
BTU	B	-0.14%
NMRK	C	-0.14%
NAVI	D	-0.14%
CSCO	A	-0.14%
PEBO	F	-0.14%
NUS	F	-0.14%
BELFB	A	-0.14%
MCB	B	-0.14%
DHT	B	-0.14%
IRWD	F	-0.14%
PUMP	D	-0.14%
HLF	F	-0.14%
TOWN	C	-0.13%
FCNCA	D	-0.13%
PM	D	-0.13%
FNF	C	-0.13%
TRMK	D	-0.13%
BUSE	D	-0.13%
EGBN	C	-0.13%
RTX	A	-0.13%
JRVR	F	-0.13%
TPC	A	-0.13%
ARCH	D	-0.13%
AMKR	F	-0.13%
TWI	F	-0.12%
DCOM	B	-0.12%
GNW	A	-0.12%
VGR	B	-0.12%
TGT	C	-0.12%
EBC	B	-0.12%
SPTN	C	-0.12%
PATK	A	-0.12%
CRGY	B	-0.12%
COMM	C	-0.12%
EG	A	-0.12%
SCHW	D	-0.12%
UA	B	-0.11%
SB	C	-0.11%
FCF	D	-0.11%
UFPI	C	-0.11%
CF	A	-0.11%
NAT	B	-0.11%
PAGS	F	-0.11%
KMI	A	-0.11%
HII	F	-0.11%
EQT	C	-0.11%
RF	B	-0.11%
APPS	F	-0.11%
CEIX	B	-0.11%
AMCX	F	-0.11%
BMBL	F	-0.1%
SAIC	A	-0.1%
ODP	F	-0.1%
NX	F	-0.1%
TXT	F	-0.1%
SXC	F	-0.1%
HOV	D	-0.1%
VTOL	D	-0.1%
PHIN	D	-0.1%
AFL	A	-0.1%
TRST	D	-0.1%
TKR	B	-0.1%
ASIX	A	-0.1%
DOLE	C	-0.1%
NTB	D	-0.1%
CMRE	C	-0.1%
SFL	D	-0.1%
RYI	D	-0.1%
SCSC	D	-0.09%
UVE	C	-0.09%
VSH	F	-0.09%
EMN	C	-0.09%
RJF	B	-0.09%
NNI	B	-0.09%
SCHL	F	-0.09%
TCBK	D	-0.09%
GOGL	C	-0.09%
AX	D	-0.09%
FWRD	D	-0.09%
FDP	C	-0.09%
CATY	B	-0.09%
BV	A	-0.09%
CNA	D	-0.09%
RPAY	F	-0.08%
FFWM	D	-0.08%
SD	D	-0.08%
LKQ	F	-0.08%
DE	C	-0.08%
OC	C	-0.08%
CXW	F	-0.08%
FRME	D	-0.08%
PCAR	D	-0.08%
SANM	D	-0.08%
BOKF	B	-0.08%
ELV	F	-0.08%
EQH	B	-0.08%
HFWA	D	-0.08%
AAL	D	-0.08%
RMAX	C	-0.08%
NWBI	D	-0.08%
SRCE	D	-0.08%
NOG	D	-0.08%
MATV	F	-0.08%
MTW	F	-0.08%
INMD	F	-0.07%
PFC	D	-0.07%
HBAN	B	-0.07%
DXPE	C	-0.07%
RGP	F	-0.07%
BOOM	D	-0.07%
QCOM	D	-0.07%
SNEX	B	-0.07%
GOOG	B	-0.07%
NIC	D	-0.07%
HIG	A	-0.07%
NTCT	C	-0.07%
LPG	F	-0.07%
SSP	F	-0.07%
SSNC	C	-0.07%
ACCO	C	-0.07%
LILA	B	-0.06%
OFG	D	-0.06%
MMM	C	-0.06%
TITN	F	-0.06%
OIS	D	-0.06%
PFG	A	-0.06%
CNOB	B	-0.06%
BRKL	D	-0.06%
BLDR	C	-0.06%
BEN	F	-0.06%
ALIT	D	-0.06%
LBRT	D	-0.06%
PCRX	D	-0.06%
MATW	F	-0.05%
CFFN	D	-0.05%
DNB	D	-0.05%
LXU	C	-0.05%
GHC	A	-0.05%
MCFT	F	-0.05%
HVT	F	-0.05%
TTEC	F	-0.05%
IIIN	F	-0.05%
PPC	C	-0.05%
FBMS	D	-0.05%
TK	B	-0.05%
AMR	F	-0.05%
REX	D	-0.05%
APA	F	-0.05%
CNDT	B	-0.05%
GCO	D	-0.05%
PLAB	D	-0.05%
KODK	D	-0.04%
SFNC	B	-0.04%
LC	D	-0.04%
CG	B	-0.04%
FBNC	B	-0.04%
DGX	D	-0.04%
BBW	A	-0.04%
ENVA	B	-0.04%
MKL	B	-0.04%
HUBG	D	-0.04%
BY	D	-0.04%
EBAY	A	-0.04%
UVV	D	-0.04%
OBK	D	-0.04%
HBNC	D	-0.04%
REPX	C	-0.04%
BW	C	-0.04%
STNE	F	-0.03%
IMMR	D	-0.03%
PFBC	D	-0.03%
SCVL	D	-0.03%
KRO	C	-0.03%
OLPX	C	-0.03%
UIS	C	-0.03%
QCRH	C	-0.03%
ENS	B	-0.03%
SWI	B	-0.03%
TBRG	D	-0.03%
DENN	D	-0.03%
AMRX	B	-0.03%
BALY	B	-0.03%
NFBK	D	-0.03%
WMK	D	-0.03%
WTTR	B	-0.03%
DRVN	C	-0.03%
DVN	F	-0.02%
UCBI	B	-0.02%
GPN	F	-0.02%
EIG	A	-0.02%
STT	A	-0.02%
HOMB	D	-0.02%
MED	F	-0.02%
OXM	F	-0.02%
RS	D	-0.02%
RYAM	A	-0.02%
CRBG	B	-0.02%
IP	C	-0.02%
ZIMV	F	-0.02%
ACT	B	-0.02%
HRTG	D	-0.01%
AMPY	D	-0.01%
FF	B	-0.01%