ESML vs. VYM ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard High Dividend Yield ETF - DNQ (VYM)

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

VYM

Vanguard High Dividend Yield ETF - DNQ

VYM Description

The investment seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that are characterized by high dividend yield. The fund employs an indexing investment approach designed to track the performance of the FTSE® High Dividend Yield Index, which consists of common stocks of companies that pay dividends that generally are higher than average. 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

$128.68

Average Daily Volume

779,334

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VYM
30 Days	3.88%	3.06%
60 Days	9.57%	9.87%
90 Days	9.72%	9.25%
12 Months	29.14%	31.67%

185 Overlapping Holdings

	Symbol	Grade	Weight in ESML	Weight in VYM	Overlap
	AAP	F	0.06%	0.02%	0.02%
	ABM	D	0.08%	0.02%	0.02%
	AGCO	D	0.15%	0.03%	0.03%
	AGO	B	0.05%	0.02%	0.02%
	AL	D	0.1%	0.03%	0.03%
	AM	A	0.16%	0.03%	0.03%
	APAM	B	0.09%	0.01%	0.01%
	AROC	B	0.09%	0.02%	0.02%
	ASB	D	0.15%	0.02%	0.02%
	AUB	D	0.1%	0.02%	0.02%
	AVA	D	0.2%	0.02%	0.02%
	AVNT	C	0.07%	0.03%	0.03%
	AVT	B	0.29%	0.03%	0.03%
	AWR	B	0.05%	0.02%	0.02%
	AXS	A	0.18%	0.04%	0.04%
	BANR	B	0.15%	0.01%	0.01%
	BC	C	0.08%	0.03%	0.03%
	BCPC	C	0.14%	0.03%	0.03%
	BERY	C	0.18%	0.05%	0.05%
	BHE	C	0.16%	0.01%	0.01%
	BHLB	D	0.18%	0.01%	0.01%
	BKU	D	0.06%	0.02%	0.02%
	BOH	D	0.07%	0.01%	0.01%
	BPOP	D	0.08%	0.04%	0.04%
	CABO	F	0.12%	0.01%	0.01%
	CADE	B	0.13%	0.03%	0.03%
	CAKE	A	0.05%	0.01%	0.01%
	CALM	A	0.05%	0.02%	0.02%
	CBSH	D	0.2%	0.04%	0.04%
	CBT	B	0.14%	0.03%	0.03%
	CBU	D	0.06%	0.02%	0.02%
	CC	D	0.06%	0.02%	0.02%
	CCOI	B	0.1%	0.02%	0.02%
	CFR	B	0.08%	0.04%	0.04%
	CIVI	F	0.06%	0.03%	0.03%
	CMA	C	0.19%	0.04%	0.04%
	CNO	B	0.18%	0.02%	0.02%
	COLB	C	0.12%	0.03%	0.03%
	CPK	C	0.13%	0.01%	0.01%
	CRC	B	0.09%	0.02%	0.02%
	CRI	D	0.05%	0.01%	0.01%
	CRS	B	0.14%	0.04%	0.04%
	CSGS	B	0.1%	0.01%	0.01%
	CVBF	B	0.09%	0.01%	0.01%
	CWEN	C	0.06%	0.01%	0.01%
	CWEN	C	0.08%	0.01%	0.01%
	CWEN	C	0.08%	0.01%	0.01%
	CWEN	C	0.06%	0.01%	0.01%
	CWT	D	0.05%	0.02%	0.02%
	DK	F	0.04%	0.01%	0.01%
	DLX	F	0.05%	0.01%	0.01%
	DTM	A	0.23%	0.04%	0.04%
	EMBC	F	0.05%	0.01%	0.01%
	ENR	B	0.07%	0.01%	0.01%
	ESNT	A	0.08%	0.04%	0.04%
	EVR	C	0.1%	0.05%	0.05%
	EWBC	B	0.33%	0.07%	0.07%
	FAF	C	0.17%	0.04%	0.04%
	FBP	B	0.2%	0.02%	0.02%
	FFBC	D	0.05%	0.01%	0.01%
	FFIN	D	0.06%	0.03%	0.03%
	FHN	D	0.19%	0.05%	0.05%
	FIBK	C	0.14%	0.01%	0.01%
	FLO	D	0.05%	0.02%	0.02%
	FLS	A	0.15%	0.04%	0.04%
	FMC	C	0.18%	0.05%	0.05%
	FULT	D	0.11%	0.02%	0.02%
	GAP	F	0.12%	0.03%	0.03%
	GATX	F	0.16%	0.03%	0.03%
	GBCI	B	0.25%	0.03%	0.03%
	GBX	C	0.05%	0.01%	0.01%
	GEF	B	0.05%	0.01%	0.01%
	GEF	B	0.05%	0.01%	0.01%
	HAS	A	0.22%	0.05%	0.05%
	HI	F	0.06%	0.01%	0.01%
	HNI	B	0.15%	0.01%	0.01%
	HOG	D	0.24%	0.03%	0.03%
	HRB	C	0.21%	0.05%	0.05%
	HWC	D	0.08%	0.03%	0.03%
	IBOC	D	0.06%	0.02%	0.02%
	INDB	D	0.07%	0.02%	0.02%
	INGR	B	0.41%	0.05%	0.05%
	IRDM	C	0.13%	0.02%	0.02%
	IVZ	A	0.25%	0.04%	0.04%
	JEF	A	0.09%	0.06%	0.06%
	JHG	A	0.45%	0.03%	0.03%
	JWN	D	0.06%	0.01%	0.01%
	JXN	A	0.14%	0.04%	0.04%
	KFY	C	0.09%	0.02%	0.02%
	KLG	F	0.05%	0.01%	0.01%
	KMPR	D	0.05%	0.02%	0.02%
	KSS	D	0.06%	0.01%	0.01%
	KTB	C	0.15%	0.02%	0.02%
	LCII	C	0.11%	0.02%	0.02%
	LEA	F	0.13%	0.04%	0.04%
	LEG	D	0.07%	0.01%	0.01%
	LNC	B	0.09%	0.03%	0.03%
	M	D	0.13%	0.02%	0.02%
	MAN	D	0.08%	0.02%	0.02%
	MC	B	0.02%	0.03%	0.02%
	MDU	C	0.3%	0.03%	0.03%
	MEI	D	0.06%	0.0%	0.0%
	MGRC	D	0.09%	0.02%	0.02%
	MLKN	F	0.04%	0.01%	0.01%
	MNRO	B	0.05%	0.0%	0.0%
	MTG	A	0.25%	0.04%	0.04%
	MTN	D	0.22%	0.04%	0.04%
	MUR	F	0.14%	0.03%	0.03%
	NBTB	D	0.05%	0.01%	0.01%
	NFG	A	0.21%	0.03%	0.03%
	NJR	C	0.22%	0.03%	0.03%
	NVT	C	0.2%	0.06%	0.06%
	NWL	D	0.08%	0.02%	0.02%
	NWN	D	0.08%	0.01%	0.01%
	NXST	D	0.09%	0.03%	0.03%
	OGN	F	0.11%	0.03%	0.03%
	OGS	C	0.33%	0.02%	0.02%
	OMF	D	0.18%	0.03%	0.03%
	ONB	D	0.17%	0.04%	0.04%
	ORI	A	0.13%	0.05%	0.05%
	OSK	F	0.28%	0.04%	0.04%
	OZK	D	0.12%	0.03%	0.03%
	PBF	F	0.06%	0.02%	0.02%
	PDCO	F	0.15%	0.01%	0.01%
	PFS	D	0.04%	0.01%	0.01%
	PINC	F	0.12%	0.01%	0.01%
	PIPR	A	0.07%	0.03%	0.03%
	PPBI	D	0.06%	0.01%	0.01%
	PR	D	0.17%	0.05%	0.05%
	PRGO	F	0.07%	0.02%	0.02%
	PTEN	F	0.04%	0.02%	0.02%
	R	C	0.27%	0.04%	0.04%
	RDN	D	0.09%	0.03%	0.03%
	RGA	B	0.3%	0.08%	0.08%
	RHI	D	0.2%	0.04%	0.04%
	RL	B	0.09%	0.04%	0.04%
	RLI	A	0.19%	0.04%	0.04%
	RNST	D	0.08%	0.01%	0.01%
	RRC	D	0.24%	0.04%	0.04%
	SASR	B	0.07%	0.01%	0.01%
	SEE	C	0.07%	0.03%	0.03%
	SEM	D	0.07%	0.02%	0.02%
	SF	A	0.15%	0.05%	0.05%
	SFBS	B	0.05%	0.02%	0.02%
	SHOO	A	0.13%	0.02%	0.02%
	SJW	D	0.1%	0.01%	0.01%
	SLM	B	0.16%	0.03%	0.03%
	SLVM	C	0.05%	0.02%	0.02%
	SNV	D	0.25%	0.04%	0.04%
	SON	D	0.13%	0.03%	0.03%
	SPB	C	0.08%	0.02%	0.02%
	SR	D	0.15%	0.02%	0.02%
	SSB	C	0.25%	0.04%	0.04%
	SWX	C	0.13%	0.03%	0.03%
	SXT	C	0.08%	0.02%	0.02%
	TDS	C	0.07%	0.01%	0.01%
	TGNA	B	0.18%	0.01%	0.01%
	THG	A	0.17%	0.03%	0.03%
	TNC	F	0.06%	0.01%	0.01%
	TNL	B	0.14%	0.02%	0.02%
	TPR	B	0.25%	0.05%	0.05%
	TRN	C	0.09%	0.02%	0.02%
	TROX	D	0.06%	0.01%	0.01%
	UBSI	D	0.16%	0.03%	0.03%
	UGI	C	0.27%	0.03%	0.03%
	UMBF	C	0.24%	0.03%	0.03%
	UNM	A	0.21%	0.06%	0.06%
	UPBD	F	0.07%	0.01%	0.01%
	VAC	D	0.07%	0.01%	0.01%
	VFC	A	0.18%	0.04%	0.04%
	VLY	C	0.13%	0.02%	0.02%
	VOYA	A	0.17%	0.04%	0.04%
	VRTS	D	0.05%	0.01%	0.01%
	WAL	C	0.21%	0.05%	0.05%
	WBS	D	0.22%	0.05%	0.05%
	WD	C	0.07%	0.02%	0.02%
	WEN	B	0.09%	0.02%	0.02%
	WGO	D	0.12%	0.01%	0.01%
	WH	C	0.13%	0.04%	0.04%
	WHR	C	0.2%	0.03%	0.03%
	WKC	A	0.06%	0.01%	0.01%
	WT	D	0.05%	0.01%	0.01%
	WU	D	0.08%	0.02%	0.02%
	XRX	D	0.05%	0.01%	0.01%
	ZION	D	0.17%	0.04%	0.04%

ESML Overweight 721 Positions Relative to VYM

	Symbol	Grade	Weight
	CASY	D	0.5%
	USFD	C	0.49%
	GWRE	A	0.41%
	KBR	A	0.4%
	REXR	D	0.39%
	JLL	C	0.38%
	CVNA	A	0.36%
	FIX	A	0.36%
	SFM	A	0.35%
	MUSA	D	0.34%
	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%
	GPK	D	0.29%
	EHC	C	0.29%
	AYI	A	0.29%
	SIGI	D	0.28%
	BFAM	C	0.28%
	WMS	D	0.27%
	PCVX	C	0.27%
	TOL	C	0.27%
	COHR	B	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%
	RNR	A	0.26%
	CNM	F	0.25%
	PNFP	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%
	ARMK	C	0.24%
	PRGS	A	0.24%
	FND	C	0.24%
	FELE	C	0.23%
	MWA	A	0.23%
	INSM	D	0.23%
	KBH	D	0.23%
	CROX	C	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%
	CW	A	0.22%
	CDP	A	0.22%
	CACI	A	0.22%
	ALSN	A	0.22%
	WCC	D	0.21%
	ALK	C	0.21%
	CVLT	B	0.21%
	AWI	A	0.21%
	NOVT	C	0.21%
	SRPT	F	0.21%
	AAON	A	0.21%
	CMC	D	0.21%
	AR	C	0.21%
	WTS	C	0.21%
	ENSG	D	0.21%
	KNSL	B	0.2%
	FTDR	B	0.2%
	RHP	B	0.2%
	LNW	F	0.2%
	EPRT	C	0.2%
	FTAI	A	0.2%
	WWD	C	0.2%
	WSC	D	0.2%
	BDC	A	0.2%
	NCLH	C	0.2%
	HHH	C	0.2%
	EXLS	B	0.2%
	OHI	C	0.2%
	MSA	F	0.19%
	CR	A	0.19%
	TTEK	A	0.19%
	AFRM	C	0.19%
	GPI	C	0.19%
	GNRC	B	0.19%
	NYT	C	0.19%
	ACHC	F	0.19%
	MTH	C	0.19%
	PCH	C	0.19%
	BWA	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%
	DAR	F	0.18%
	VVV	D	0.18%
	SITE	D	0.18%
	PLNT	B	0.18%
	SPXC	A	0.18%
	ITRI	C	0.18%
	FRPT	A	0.18%
	WK	D	0.18%
	ENLC	A	0.18%
	NSIT	B	0.18%
	AMG	B	0.18%
	GME	D	0.18%
	CRUS	D	0.18%
	SNDR	D	0.18%
	REZI	D	0.18%
	HRI	B	0.18%
	FN	B	0.17%
	CHX	C	0.17%
	ELAN	D	0.17%
	PCTY	C	0.17%
	BCC	C	0.17%
	DLB	D	0.17%
	RGEN	F	0.17%
	LPX	C	0.17%
	BRKR	D	0.17%
	LSCC	D	0.17%
	TMHC	C	0.17%
	GKOS	B	0.17%
	NOV	F	0.16%
	ESTC	F	0.16%
	RRX	B	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%
	AEIS	B	0.16%
	PVH	D	0.16%
	WFRD	F	0.16%
	DUOL	B	0.16%
	MTZ	A	0.16%
	PEN	D	0.15%
	HIW	C	0.15%
	HXL	F	0.15%
	TPX	C	0.15%
	GXO	D	0.15%
	MKSI	F	0.15%
	JAZZ	F	0.15%
	MMSI	C	0.15%
	ANF	D	0.15%
	KNTK	A	0.15%
	DBX	C	0.15%
	MEDP	F	0.15%
	TPH	C	0.15%
	CHE	D	0.15%
	ACIW	A	0.15%
	LFUS	C	0.15%
	PCOR	D	0.15%
	ASGN	D	0.15%
	ALTR	B	0.14%
	VNT	F	0.14%
	AZEK	D	0.14%
	ITCI	D	0.14%
	NPO	C	0.14%
	HQY	B	0.14%
	GTLB	D	0.14%
	ESI	C	0.14%
	FYBR	C	0.14%
	LNTH	C	0.14%
	X	F	0.14%
	SMAR	A	0.14%
	AVAV	B	0.13%
	ELF	F	0.13%
	SOFI	C	0.13%
	ADT	D	0.13%
	BLKB	C	0.13%
	IBCP	D	0.13%
	YETI	C	0.13%
	THO	C	0.13%
	KNF	B	0.13%
	GL	C	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%
	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%
	ABG	D	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%
	APPF	C	0.12%
	TRNO	D	0.12%
	WERN	D	0.12%
	MTX	C	0.12%
	PFSI	C	0.12%
	RDUS	D	0.12%
	CAVA	B	0.12%
	HASI	B	0.12%
	WTM	C	0.12%
	BECN	D	0.12%
	HALO	D	0.12%
	ARW	C	0.11%
	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%
	EAT	A	0.11%
	AIT	B	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	D	0.11%
	BHVN	C	0.11%
	S	C	0.11%
	KOS	F	0.11%
	PSN	A	0.11%
	LRN	D	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%
	GMED	B	0.1%
	ALKS	B	0.1%
	TXRH	A	0.1%
	QTWO	B	0.1%
	NMIH	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%
	ABCB	C	0.1%
	EFSC	D	0.1%
	TDC	D	0.1%
	KAR	F	0.1%
	HCP	A	0.1%
	VC	F	0.1%
	SLAB	D	0.1%
	DXC	C	0.1%
	BRBR	A	0.09%
	LYFT	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%
	STC	D	0.09%
	KD	D	0.09%
	CRVL	C	0.09%
	CAC	C	0.09%
	RUN	D	0.09%
	HR	D	0.09%
	ATKR	F	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%
	ST	F	0.09%
	BILL	D	0.09%
	PI	A	0.09%
	RDNT	C	0.09%
	AMAL	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%
	ALG	F	0.08%
	CHWY	C	0.08%
	EVRI	A	0.08%
	CLVT	D	0.08%
	AMN	F	0.08%
	CNK	D	0.08%
	SHAK	A	0.08%
	RVMD	B	0.08%
	KOP	F	0.08%
	MAC	B	0.08%
	BOOT	B	0.08%
	RARE	D	0.08%
	SBRA	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%
	LITE	A	0.08%
	AN	D	0.08%
	W	C	0.08%
	MHK	C	0.08%
	MTSI	B	0.08%
	TNET	D	0.08%
	TEX	F	0.08%
	SNX	C	0.08%
	VNO	B	0.08%
	AZTA	F	0.08%
	LXP	D	0.07%
	ENV	C	0.07%
	ACVA	C	0.07%
	VITL	C	0.07%
	ANDE	D	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%
	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%
	HBI	B	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%
	CWK	D	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%
	DRS	A	0.07%
	CCCS	D	0.07%
	DOCS	A	0.07%
	CLF	D	0.07%
	GVA	A	0.07%
	KTOS	B	0.07%
	AMWD	C	0.07%
	HWKN	B	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	C	0.07%
	MTRN	F	0.06%
	HURN	D	0.06%
	HZO	C	0.06%
	TALO	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%
	LBRDK	C	0.06%
	CMCO	D	0.06%
	TDOC	D	0.06%
	BYD	B	0.06%
	HELE	D	0.06%
	APGE	C	0.06%
	THS	D	0.06%
	PDFS	F	0.06%
	MOV	F	0.06%
	PTGX	C	0.06%
	MNKD	B	0.06%
	CLB	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%
	MYGN	D	0.06%
	SPR	D	0.06%
	APG	F	0.06%
	CLH	B	0.06%
	TILE	C	0.06%
	OII	D	0.06%
	MHO	C	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%
	NVST	D	0.06%
	POWI	F	0.06%
	SG	C	0.06%
	ATRC	C	0.06%
	TARS	C	0.06%
	UEC	C	0.06%
	CDE	C	0.06%
	VRNT	F	0.06%
	EPR	C	0.06%
	UNFI	C	0.06%
	ADMA	A	0.06%
	HIMS	C	0.06%
	HGV	F	0.06%
	BANC	D	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%
	GTES	C	0.06%
	SMTC	C	0.06%
	SKT	A	0.06%
	COKE	C	0.06%
	EYE	F	0.06%
	SONO	F	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	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%
	CUBI	F	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%
	PENN	D	0.05%
	PLUG	D	0.05%
	KRYS	D	0.05%
	AHH	F	0.05%
	CAR	D	0.05%
	KURA	F	0.05%
	REVG	D	0.05%
	ARVN	F	0.05%
	MMS	C	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%
	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%
	RNG	F	0.05%
	QS	F	0.05%
	AI	D	0.05%
	NBHC	D	0.05%
	ALKT	D	0.05%
	TXG	F	0.05%
	RUSHA	D	0.05%
	PRO	F	0.05%
	DNOW	F	0.05%
	AMBC	F	0.05%
	RXRX	F	0.05%
	ZEUS	F	0.05%
	HLX	C	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	C	0.05%
	ARCB	F	0.05%
	BGC	B	0.05%
	FOXF	F	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%
	ETWO	F	0.05%
	OMCL	C	0.05%
	WNC	F	0.05%
	VERX	B	0.05%
	MLTX	C	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%
	MTTR	B	0.05%
	EDR	A	0.05%
	INFA	D	0.05%
	UAA	B	0.05%
	ATGE	D	0.05%
	PYCR	D	0.05%
	PSMT	A	0.05%
	HAYW	C	0.05%
	BROS	F	0.05%
	GO	F	0.05%
	KELYA	D	0.05%
	ATEN	B	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	B	0.05%
	HCC	C	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%
	ARQT	D	0.05%
	AGYS	D	0.05%
	OWL	A	0.05%
	PTCT	C	0.05%
	CNMD	F	0.05%
	NOVA	F	0.05%
	SMP	D	0.05%
	GRBK	C	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%
	VREX	F	0.05%
	AORT	B	0.05%
	COOP	B	0.05%
	PRAA	F	0.05%
	EE	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%
	SBH	B	0.05%
	ARKO	C	0.05%
	PLOW	D	0.05%
	DOCN	B	0.05%
	SHC	C	0.05%
	SM	D	0.05%
	INFN	C	0.05%
	MASI	B	0.05%
	MBUU	D	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%
	VBTX	C	0.05%
	ZYME	B	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	D	0.04%
	BRZE	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	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%
	DEI	A	0.02%
	GDOT	C	0.01%

ESML Underweight 361 Positions Relative to VYM

	Symbol	Grade	Weight
	AVGO	B	-4.22%
	JPM	C	-3.67%
	XOM	A	-3.02%
	PG	D	-2.31%
	JNJ	D	-2.28%
	HD	A	-2.08%
	ABBV	C	-1.98%
	WMT	A	-1.91%
	MRK	F	-1.71%
	KO	C	-1.6%
	BAC	B	-1.58%
	CVX	B	-1.41%
	PEP	F	-1.35%
	MCD	A	-1.19%
	WFC	B	-1.17%
	CSCO	A	-1.17%
	QCOM	D	-1.12%
	ABT	C	-1.12%
	TXN	C	-1.11%
	PM	D	-1.09%
	AMGN	D	-1.02%
	VZ	C	-1.0%
	CAT	A	-0.99%
	IBM	A	-0.97%
	PFE	D	-0.94%
	NEE	C	-0.94%
	RTX	A	-0.93%
	GS	B	-0.92%
	UNP	F	-0.89%
	CMCSA	B	-0.88%
	PGR	B	-0.84%
	LOW	C	-0.81%
	T	B	-0.81%
	HON	C	-0.77%
	BLK	A	-0.76%
	COP	D	-0.76%
	ETN	B	-0.7%
	MS	A	-0.69%
	LMT	A	-0.69%
	C	B	-0.68%
	MDT	C	-0.67%
	CB	A	-0.66%
	ADI	B	-0.66%
	ADP	A	-0.65%
	SBUX	B	-0.61%
	BMY	A	-0.58%
	BX	C	-0.58%
	CI	D	-0.57%
	GILD	A	-0.56%
	MDLZ	D	-0.55%
	INTC	D	-0.54%
	SO	A	-0.54%
	MO	D	-0.53%
	UPS	D	-0.53%
	DUK	C	-0.5%
	CL	D	-0.49%
	WM	B	-0.48%
	GD	C	-0.47%
	ITW	C	-0.43%
	PNC	C	-0.42%
	EOG	B	-0.42%
	MMM	C	-0.42%
	CVS	D	-0.41%
	TGT	C	-0.4%
	FDX	F	-0.39%
	USB	C	-0.37%
	NXPI	F	-0.37%
	MPC	D	-0.36%
	SLB	D	-0.36%
	AFL	A	-0.36%
	NEM	C	-0.35%
	APD	C	-0.35%
	TFC	D	-0.34%
	PSX	D	-0.34%
	EMR	B	-0.34%
	APO	A	-0.34%
	NSC	C	-0.33%
	WMB	A	-0.32%
	OKE	A	-0.31%
	AIG	C	-0.3%
	SRE	C	-0.3%
	TRV	B	-0.3%
	AEP	C	-0.3%
	BK	A	-0.29%
	KMB	D	-0.28%
	PCAR	D	-0.28%
	ALL	A	-0.28%
	JCI	C	-0.28%
	D	A	-0.27%
	VLO	F	-0.27%
	AMP	A	-0.26%
	MET	A	-0.26%
	FIS	A	-0.26%
	PRU	B	-0.25%
	MCHP	F	-0.25%
	F	D	-0.25%
	LHX	A	-0.25%
	KMI	A	-0.24%
	PAYX	B	-0.24%
	CMI	A	-0.24%
	PEG	A	-0.23%
	GIS	C	-0.23%
	YUM	C	-0.22%
	EXC	C	-0.22%
	KDP	C	-0.22%
	SYY	D	-0.22%
	FAST	C	-0.22%
	DOW	B	-0.21%
	HIG	A	-0.2%
	DFS	A	-0.2%
	FANG	D	-0.2%
	BKR	B	-0.2%
	ED	C	-0.2%
	DD	C	-0.2%
	KR	C	-0.2%
	HPQ	B	-0.2%
	EIX	C	-0.19%
	XEL	C	-0.19%
	ROK	D	-0.18%
	KHC	F	-0.18%
	GLW	C	-0.18%
	TRGP	A	-0.18%
	FITB	C	-0.17%
	VST	A	-0.17%
	WEC	B	-0.17%
	EBAY	A	-0.17%
	ADM	F	-0.17%
	PPG	D	-0.17%
	HAL	D	-0.16%
	CAH	B	-0.16%
	AWK	D	-0.16%
	DVN	F	-0.16%
	GRMN	D	-0.16%
	HSY	D	-0.16%
	MTB	A	-0.16%
	LYB	B	-0.15%
	ETR	A	-0.15%
	DTE	B	-0.15%
	ARES	A	-0.15%
	STT	A	-0.15%
	IFF	D	-0.15%
	ES	D	-0.14%
	NTAP	D	-0.14%
	HPE	B	-0.14%
	FE	C	-0.14%
	TROW	D	-0.13%
	PPL	C	-0.13%
	CINF	A	-0.12%
	EL	D	-0.12%
	K	B	-0.12%
	HUBB	A	-0.12%
	RF	B	-0.12%
	HBAN	B	-0.12%
	BBY	C	-0.12%
	AEE	A	-0.12%
	NTRS	B	-0.11%
	PKG	B	-0.11%
	WRB	C	-0.11%
	DRI	C	-0.11%
	PFG	A	-0.11%
	STX	C	-0.11%
	BAX	D	-0.11%
	OMC	C	-0.11%
	CFG	C	-0.11%
	ATO	A	-0.11%
	EQT	C	-0.11%
	GPC	D	-0.11%
	SYF	A	-0.11%
	CMS	A	-0.11%
	MKC	C	-0.11%
	IP	C	-0.1%
	EG	A	-0.1%
	WSM	C	-0.1%
	LUV	B	-0.1%
	CNP	B	-0.1%
	DGX	D	-0.1%
	SWKS	F	-0.1%
	CTRA	D	-0.1%
	TSN	D	-0.1%
	NRG	A	-0.1%
	LNT	B	-0.09%
	FNF	C	-0.09%
	CF	A	-0.09%
	CLX	C	-0.09%
	SWK	C	-0.09%
	KEY	B	-0.09%
	MRO	B	-0.09%
	RS	D	-0.09%
	WSO	C	-0.09%
	CCEP	C	-0.09%
	DKS	D	-0.08%
	EQH	B	-0.08%
	BG	F	-0.08%
	VTRS	D	-0.08%
	SNA	C	-0.08%
	RPM	A	-0.08%
	CAG	D	-0.08%
	NI	A	-0.08%
	GEN	A	-0.08%
	OVV	D	-0.07%
	CE	D	-0.07%
	SJM	D	-0.07%
	ALLY	F	-0.07%
	CHRW	C	-0.07%
	EMN	C	-0.07%
	BAP	A	-0.07%
	AES	C	-0.07%
	IPG	D	-0.07%
	JNPR	C	-0.07%
	EVRG	C	-0.07%
	CHK	C	-0.06%
	WTRG	D	-0.06%
	FOXA	B	-0.06%
	DOX	B	-0.06%
	PNW	C	-0.06%
	AIZ	B	-0.06%
	APA	F	-0.06%
	LKQ	F	-0.06%
	HII	F	-0.06%
	RPRX	D	-0.06%
	DINO	F	-0.05%
	HLI	A	-0.05%
	ACI	F	-0.05%
	CG	B	-0.05%
	SCCO	B	-0.05%
	CNH	C	-0.05%
	MOS	F	-0.05%
	CHRD	F	-0.05%
	TAP	D	-0.05%
	HRL	F	-0.05%
	AFG	A	-0.05%
	CPB	D	-0.05%
	PB	D	-0.04%
	WBA	F	-0.04%
	BBWI	F	-0.04%
	ALV	F	-0.04%
	XP	F	-0.04%
	CRBG	B	-0.04%
	OGE	C	-0.04%
	MGY	B	-0.03%
	PII	D	-0.03%
	PARA	F	-0.03%
	POR	D	-0.03%
	FOX	B	-0.03%
	IDA	D	-0.03%
	HOMB	D	-0.03%
	FNB	D	-0.03%
	BEN	F	-0.03%
	YOU	C	-0.02%
	RRR	D	-0.02%
	BFH	D	-0.02%
	CXT	F	-0.02%
	BTU	B	-0.02%
	CATY	B	-0.02%
	SMG	C	-0.02%
	FHB	D	-0.02%
	MGEE	C	-0.02%
	HP	D	-0.02%
	PAG	D	-0.02%
	EBC	B	-0.02%
	GLNG	A	-0.02%
	LANC	F	-0.02%
	STNG	B	-0.02%
	NWE	C	-0.02%
	NSP	F	-0.02%
	OTTR	F	-0.02%
	ALE	A	-0.02%
	HUN	B	-0.02%
	DNB	D	-0.02%
	UCB	D	-0.02%
	PNM	B	-0.02%
	MSM	D	-0.02%
	NOG	D	-0.02%
	BKH	C	-0.02%
	TPG	A	-0.02%
	BRKL	D	-0.01%
	FG	B	-0.01%
	JACK	F	-0.01%
	FDP	C	-0.01%
	MATV	F	-0.01%
	DDS	D	-0.01%
	WMK	D	-0.01%
	CNA	D	-0.01%
	SRCE	D	-0.01%
	KALU	D	-0.01%
	EIG	A	-0.01%
	KW	C	-0.01%
	SAFT	D	-0.01%
	BKE	B	-0.01%
	OXM	F	-0.01%
	UVV	D	-0.01%
	SCS	D	-0.01%
	WABC	F	-0.01%
	SFL	D	-0.01%
	BLMN	F	-0.01%
	NAVI	D	-0.01%
	HMN	B	-0.01%
	DAN	D	-0.01%
	HOPE	B	-0.01%
	AY	C	-0.01%
	APOG	B	-0.01%
	WOR	F	-0.01%
	HTH	F	-0.01%
	SYBT	C	-0.01%
	HEES	D	-0.01%
	PZZA	D	-0.01%
	STBA	D	-0.01%
	WLY	A	-0.01%
	REYN	D	-0.01%
	CHCO	D	-0.01%
	FCF	D	-0.01%
	LZB	D	-0.01%
	NTB	D	-0.01%
	NWBI	D	-0.01%
	MCY	B	-0.01%
	WSBC	D	-0.01%
	B	A	-0.01%
	NMRK	C	-0.01%
	TRMK	D	-0.01%
	KMT	C	-0.01%
	IBTX	B	-0.01%
	SBLK	C	-0.01%
	STRA	F	-0.01%
	ADTN	C	-0.01%
	BANF	D	-0.01%
	PHIN	D	-0.01%
	VGR	B	-0.01%
	FRME	D	-0.01%
	SBCF	D	-0.01%
	HTLF	B	-0.01%
	ARCH	D	-0.01%
	BOKF	B	-0.01%
	TOWN	C	-0.01%
	CNS	C	-0.01%
	WAFD	D	-0.01%
	PRK	D	-0.01%
	VIRT	B	-0.01%
	AGR	C	-0.01%
	NOMD	D	-0.01%
	IGT	F	-0.01%
	VSH	F	-0.01%
	JJSF	C	-0.01%
	SFNC	B	-0.01%
	TTEC	F	-0.0%
	LSXMK	D	-0.0%
	GTN	D	-0.0%
	NUS	F	-0.0%
	RBCAA	C	-0.0%
	GES	F	-0.0%
	SIRI	C	-0.0%
	ALGT	D	-0.0%
	TFSL	D	-0.0%
	RGR	F	-0.0%
	SCHL	F	-0.0%
	MATW	F	-0.0%
	CFFN	D	-0.0%
	UI	B	-0.0%
	NFE	F	-0.0%
	CBRL	D	-0.0%
	CVI	D	-0.0%
	SSTK	F	-0.0%

ESML: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Software - Infrastructure Diversified Industrials Business Services Diagnostics & Research Medical Devices Asset Management Building Materials Oil & Gas E&P Specialty Chemicals Specialty Retail Engineering & Construction Information Technology Services Oil & Gas Equipment & Services REIT - Diversified Auto Parts Electronic Components Aerospace & Defense

Keywords: Medicine Banking Bank Biopharmaceutical Computing Real Estate Investment Trust Chemical Natural Gas Biotechnology Cancer Deposit Products Mining Insurance Telecommunications Aerospace Commercial Banking Construction Electronics Real Estate Loans Transport

VYM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Utilities - Regulated Electric Oil & Gas E&P Packaged Foods Insurance - Property & Casualty Utilities - Diversified Utilities - Regulated Gas Diversified Industrials Restaurants Semiconductors Specialty Chemicals Insurance - Life Oil & Gas Refining & Marketing Capital Markets Chemicals Credit Services Drug Manufacturers - Major Household & Personal Products Insurance - Diversified

Keywords: S&P 500 Bank Banking Natural Gas Insurance Deposit Products Electricity Commercial Banking Nasdaq 100 Real Estate Loans Investment Bank Investment Management Mining Insurance Products Chemical Commercial Bank Life Insurance Trust Services Cash Management Aerospace