RWJ vs. ESML ETF Comparison

Comparison of RevenueShares Small Cap (RWJ) to iShares MSCI USA Small-Cap ESG Optimized ETF (ESML)

RWJ

RevenueShares Small Cap

RWJ Description

The investment seeks outperform the total return performance of the S&P SmallCap 600® Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Small Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of small capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$46.62

Average Daily Volume

109,318

Number of Holdings ^*

581

* may have additional holdings in another (foreign) market

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

$43.58

Average Daily Volume

90,661

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

Performance

Period	RWJ	ESML
30 Days	0.41%	1.97%
60 Days	2.63%	4.70%
90 Days	6.07%	7.67%
12 Months	27.73%	29.08%

315 Overlapping Holdings

	Symbol	Grade	Weight in RWJ	Weight in ESML	Overlap
	AAP	D	0.78%	0.06%	0.06%
	AAT	A	0.03%	0.07%	0.03%
	ABCB	B	0.12%	0.11%	0.11%
	ABG	B	1.33%	0.12%	0.12%
	ABM	B	0.64%	0.09%	0.09%
	ACA	A	0.2%	0.14%	0.14%
	ACIW	B	0.12%	0.16%	0.12%
	ADMA	C	0.03%	0.06%	0.03%
	ADUS	D	0.07%	0.05%	0.05%
	AEIS	B	0.12%	0.17%	0.12%
	AEO	F	0.35%	0.08%	0.08%
	AGO	A	0.07%	0.06%	0.06%
	AGYS	A	0.02%	0.05%	0.02%
	AHH	D	0.05%	0.04%	0.04%
	AIR	B	0.16%	0.06%	0.06%
	AL	B	0.2%	0.1%	0.1%
	ALG	C	0.13%	0.08%	0.08%
	ALK	A	0.92%	0.23%	0.23%
	ALKS	C	0.11%	0.1%	0.1%
	ALRM	C	0.07%	0.05%	0.05%
	AMBC	C	0.03%	0.05%	0.03%
	AMN	F	0.12%	0.04%	0.04%
	AMWD	C	0.14%	0.08%	0.08%
	ANDE	F	0.85%	0.06%	0.06%
	AORT	B	0.03%	0.05%	0.03%
	APAM	B	0.09%	0.1%	0.09%
	ARCB	C	0.33%	0.05%	0.05%
	ARLO	C	0.03%	0.04%	0.03%
	AROC	A	0.09%	0.1%	0.09%
	ASTE	C	0.11%	0.05%	0.05%
	ATEN	A	0.02%	0.06%	0.02%
	ATGE	B	0.14%	0.06%	0.06%
	ATI	C	0.28%	0.14%	0.14%
	AUB	B	0.09%	0.11%	0.09%
	AVA	C	0.13%	0.19%	0.13%
	AVAV	C	0.06%	0.13%	0.06%
	AWI	B	0.11%	0.23%	0.11%
	AWR	A	0.04%	0.05%	0.04%
	AXL	C	0.49%	0.05%	0.05%
	AZZ	A	0.12%	0.07%	0.07%
	BANC	B	0.09%	0.06%	0.06%
	BANR	B	0.07%	0.18%	0.07%
	BCC	C	0.51%	0.16%	0.16%
	BCPC	B	0.07%	0.13%	0.07%
	BDN	C	0.03%	0.07%	0.03%
	BGC	C	0.16%	0.05%	0.05%
	BHE	B	0.22%	0.16%	0.16%
	BHLB	B	0.05%	0.2%	0.05%
	BKU	A	0.16%	0.06%	0.06%
	BL	C	0.05%	0.08%	0.05%
	BMI	C	0.06%	0.3%	0.06%
	BOH	B	0.09%	0.08%	0.08%
	BOOT	D	0.1%	0.06%	0.06%
	BOX	B	0.08%	0.13%	0.08%
	BRC	C	0.1%	0.09%	0.09%
	BXMT	C	0.13%	0.08%	0.08%
	CABO	C	0.14%	0.13%	0.13%
	CAKE	B	0.32%	0.06%	0.06%
	CAL	F	0.2%	0.04%	0.04%
	CALM	A	0.21%	0.06%	0.06%
	CALX	D	0.06%	0.05%	0.05%
	CBU	B	0.07%	0.06%	0.06%
	CCOI	B	0.08%	0.1%	0.08%
	CCS	F	0.23%	0.06%	0.06%
	CLB	C	0.04%	0.06%	0.04%
	CMA	B	0.44%	0.21%	0.21%
	CNK	A	0.22%	0.09%	0.09%
	CNMD	C	0.09%	0.05%	0.05%
	COOP	B	0.15%	0.05%	0.05%
	CPF	B	0.03%	0.15%	0.03%
	CPK	A	0.05%	0.13%	0.05%
	CPRX	C	0.03%	0.05%	0.03%
	CRC	A	0.19%	0.1%	0.1%
	CRS	A	0.24%	0.15%	0.15%
	CRVL	A	0.07%	0.09%	0.07%
	CSGS	B	0.1%	0.11%	0.1%
	CTS	C	0.04%	0.07%	0.04%
	CUBI	C	0.12%	0.05%	0.05%
	CVBF	B	0.06%	0.12%	0.06%
	CWEN	C	0.05%	0.07%	0.05%
	CWEN	C	0.05%	0.05%	0.05%
	CWEN	C	0.05%	0.07%	0.05%
	CWEN	C	0.05%	0.05%	0.05%
	CWK	C	0.7%	0.07%	0.07%
	CWT	C	0.06%	0.04%	0.04%
	CXM	C	0.05%	0.04%	0.04%
	DEA	D	0.02%	0.07%	0.02%
	DEI	B	0.08%	0.02%	0.02%
	DFIN	D	0.05%	0.12%	0.05%
	DGII	B	0.04%	0.05%	0.04%
	DLX	B	0.18%	0.06%	0.06%
	DNOW	B	0.2%	0.05%	0.05%
	DOCN	D	0.05%	0.05%	0.05%
	DV	C	0.05%	0.1%	0.05%
	DXC	D	0.99%	0.11%	0.11%
	DY	C	0.31%	0.1%	0.1%
	EAT	A	0.52%	0.16%	0.16%
	ECPG	C	0.09%	0.11%	0.09%
	EMBC	D	0.07%	0.05%	0.05%
	ENR	B	0.23%	0.07%	0.07%
	ENV	B	0.09%	0.06%	0.06%
	EPAC	B	0.05%	0.13%	0.05%
	EPC	F	0.15%	0.04%	0.04%
	EPRT	A	0.03%	0.18%	0.03%
	ESE	B	0.08%	0.09%	0.08%
	ETSY	D	0.19%	0.1%	0.1%
	EYE	C	0.14%	0.06%	0.06%
	FBP	B	0.09%	0.2%	0.09%
	FELE	B	0.16%	0.22%	0.16%
	FFBC	B	0.09%	0.05%	0.05%
	FL	F	0.51%	0.06%	0.06%
	FLGT	F	0.02%	0.04%	0.02%
	FORM	F	0.04%	0.04%	0.04%
	FOXF	F	0.08%	0.04%	0.04%
	FSS	B	0.13%	0.15%	0.13%
	FTDR	B	0.15%	0.22%	0.15%
	FTRE	D	0.2%	0.05%	0.05%
	FUL	F	0.23%	0.1%	0.1%
	FULT	B	0.13%	0.12%	0.12%
	GBX	B	0.34%	0.07%	0.07%
	GDOT	D	0.11%	0.01%	0.01%
	GKOS	A	0.03%	0.18%	0.03%
	GO	C	0.34%	0.05%	0.05%
	GOGO	C	0.03%	0.05%	0.03%
	GPI	B	1.47%	0.19%	0.19%
	GPRE	F	0.17%	0.04%	0.04%
	GRBK	D	0.12%	0.04%	0.04%
	GTES	A	0.29%	0.07%	0.07%
	GVA	A	0.34%	0.08%	0.08%
	HAFC	B	0.04%	0.07%	0.04%
	HAIN	D	0.1%	0.05%	0.05%
	HASI	F	0.02%	0.1%	0.02%
	HAYW	B	0.08%	0.05%	0.05%
	HBI	B	0.41%	0.07%	0.07%
	HCC	B	0.14%	0.05%	0.05%
	HELE	C	0.15%	0.06%	0.06%
	HI	C	0.24%	0.07%	0.07%
	HIW	D	0.06%	0.13%	0.06%
	HLIT	D	0.04%	0.05%	0.04%
	HLX	C	0.11%	0.05%	0.05%
	HNI	B	0.2%	0.15%	0.15%
	HPP	F	0.05%	0.04%	0.04%
	HWKN	B	0.07%	0.07%	0.07%
	HZO	F	0.16%	0.05%	0.05%
	IART	C	0.14%	0.05%	0.05%
	IBP	F	0.19%	0.09%	0.09%
	ICHR	C	0.06%	0.05%	0.05%
	ICUI	D	0.16%	0.08%	0.08%
	IDCC	B	0.07%	0.14%	0.07%
	INDB	B	0.08%	0.08%	0.08%
	INSP	F	0.04%	0.08%	0.04%
	IOSP	C	0.15%	0.08%	0.08%
	ITGR	B	0.13%	0.13%	0.13%
	ITRI	B	0.19%	0.2%	0.19%
	JBGS	F	0.03%	0.05%	0.03%
	JBT	A	0.15%	0.08%	0.08%
	JXN	C	0.4%	0.14%	0.14%
	KAR	A	0.14%	0.11%	0.11%
	KELYA	F	0.23%	0.03%	0.03%
	KFY	B	0.22%	0.09%	0.09%
	KLG	D	0.18%	0.05%	0.05%
	KLIC	C	0.06%	0.13%	0.06%
	KOP	C	0.15%	0.08%	0.08%
	KREF	D	0.04%	0.06%	0.04%
	KRYS	C	0.01%	0.04%	0.01%
	KSS	F	1.1%	0.05%	0.05%
	KTB	A	0.22%	0.16%	0.16%
	LCII	D	0.26%	0.1%	0.1%
	LEG	F	0.3%	0.05%	0.05%
	LESL	C	0.09%	0.04%	0.04%
	LNC	B	1.38%	0.09%	0.09%
	LNN	B	0.04%	0.08%	0.04%
	LRN	A	0.17%	0.13%	0.13%
	LUMN	C	1.4%	0.19%	0.19%
	LXP	D	0.02%	0.06%	0.02%
	MAC	A	0.07%	0.08%	0.07%
	MARA	C	0.05%	0.09%	0.05%
	MC	B	0.08%	0.02%	0.02%
	MHO	D	0.27%	0.05%	0.05%
	MLKN	F	0.23%	0.04%	0.04%
	MMI	B	0.04%	0.05%	0.04%
	MMSI	A	0.09%	0.15%	0.09%
	MNRO	C	0.1%	0.05%	0.05%
	MODG	F	0.25%	0.05%	0.05%
	MOG.A	B	0.28%	0.24%	0.24%
	MPW	F	0.03%	0.05%	0.03%
	MRCY	C	0.07%	0.11%	0.07%
	MTH	D	0.39%	0.17%	0.17%
	MTRN	C	0.13%	0.06%	0.06%
	MTUS	D	0.09%	0.04%	0.04%
	MTX	C	0.17%	0.12%	0.12%
	MXL	C	0.03%	0.05%	0.03%
	MYGN	F	0.03%	0.03%	0.03%
	MYRG	C	0.38%	0.16%	0.16%
	NABL	F	0.03%	0.04%	0.03%
	NARI	C	0.04%	0.06%	0.04%
	NBHC	B	0.05%	0.05%	0.05%
	NBTB	B	0.06%	0.06%	0.06%
	NEO	C	0.04%	0.05%	0.04%
	NMIH	D	0.04%	0.09%	0.04%
	NPO	A	0.08%	0.13%	0.08%
	NSIT	F	0.48%	0.13%	0.13%
	NWL	B	0.63%	0.1%	0.1%
	NWN	A	0.08%	0.07%	0.07%
	OGN	F	0.34%	0.09%	0.09%
	OII	B	0.22%	0.06%	0.06%
	OMCL	C	0.08%	0.05%	0.05%
	OMI	F	0.59%	0.04%	0.04%
	OUT	A	0.14%	0.07%	0.07%
	PAHC	B	0.08%	0.06%	0.06%
	PAYO	A	0.09%	0.06%	0.06%
	PBI	B	0.26%	0.05%	0.05%
	PDCO	F	0.42%	0.13%	0.13%
	PDFS	D	0.01%	0.05%	0.01%
	PEB	F	0.1%	0.06%	0.06%
	PECO	A	0.04%	0.07%	0.04%
	PENN	C	0.47%	0.05%	0.05%
	PFS	B	0.07%	0.05%	0.05%
	PGNY	F	0.05%	0.04%	0.04%
	PI	D	0.02%	0.07%	0.02%
	PINC	B	0.11%	0.14%	0.11%
	PIPR	B	0.13%	0.08%	0.08%
	PJT	B	0.11%	0.1%	0.1%
	PLAY	D	0.2%	0.06%	0.06%
	PLMR	A	0.03%	0.08%	0.03%
	PLUS	F	0.13%	0.06%	0.06%
	PLXS	B	0.34%	0.17%	0.17%
	POWL	C	0.12%	0.09%	0.09%
	PPBI	B	0.06%	0.06%	0.06%
	PRAA	C	0.07%	0.05%	0.05%
	PRG	C	0.18%	0.05%	0.05%
	PRGS	B	0.06%	0.24%	0.06%
	PRVA	C	0.14%	0.08%	0.08%
	PSMT	D	0.34%	0.05%	0.05%
	PTEN	C	0.4%	0.04%	0.04%
	PTGX	D	0.03%	0.05%	0.03%
	RAMP	C	0.05%	0.05%	0.05%
	RCUS	F	0.02%	0.04%	0.02%
	RDN	D	0.09%	0.09%	0.09%
	RDNT	B	0.14%	0.1%	0.1%
	REZI	A	0.58%	0.23%	0.23%
	RHI	C	0.51%	0.21%	0.21%
	RNST	B	0.08%	0.08%	0.08%
	ROCK	D	0.1%	0.06%	0.06%
	ROG	D	0.06%	0.07%	0.06%
	RUN	F	0.08%	0.05%	0.05%
	RUSHA	B	0.68%	0.05%	0.05%
	RXO	C	0.29%	0.1%	0.1%
	SATS	C	1.5%	0.06%	0.06%
	SBH	B	0.25%	0.05%	0.05%
	SCL	D	0.16%	0.1%	0.1%
	SEDG	F	0.06%	0.02%	0.02%
	SEE	D	0.41%	0.07%	0.07%
	SEM	B	0.52%	0.07%	0.07%
	SFBS	B	0.08%	0.06%	0.06%
	SHAK	C	0.1%	0.09%	0.09%
	SHOO	D	0.14%	0.11%	0.11%
	SIG	C	0.52%	0.1%	0.1%
	SJW	F	0.04%	0.09%	0.04%
	SKT	A	0.04%	0.07%	0.04%
	SLG	B	0.06%	0.1%	0.06%
	SLVM	C	0.27%	0.05%	0.05%
	SM	C	0.2%	0.06%	0.06%
	SMP	C	0.1%	0.05%	0.05%
	SMPL	B	0.09%	0.05%	0.05%
	SMTC	C	0.07%	0.06%	0.06%
	SNDR	B	0.42%	0.19%	0.19%
	SONO	C	0.13%	0.07%	0.07%
	SPSC	F	0.04%	0.16%	0.04%
	STAA	F	0.02%	0.03%	0.02%
	STC	B	0.16%	0.08%	0.08%
	SXT	C	0.11%	0.07%	0.07%
	TALO	C	0.13%	0.06%	0.06%
	TBBK	B	0.05%	0.08%	0.05%
	TDS	B	0.47%	0.08%	0.08%
	TGI	A	0.12%	0.06%	0.06%
	TGNA	B	0.26%	0.2%	0.2%
	TGTX	B	0.04%	0.06%	0.04%
	THRM	F	0.09%	0.05%	0.05%
	THS	F	0.18%	0.04%	0.04%
	TILE	B	0.12%	0.08%	0.08%
	TNC	F	0.08%	0.05%	0.05%
	TNDM	F	0.04%	0.04%	0.04%
	TPH	D	0.27%	0.14%	0.14%
	TRN	A	0.27%	0.1%	0.1%
	UCB	A	0.11%	0.04%	0.04%
	UFPT	C	0.03%	0.05%	0.03%
	UNFI	B	2.85%	0.07%	0.07%
	UNIT	B	0.08%	0.08%	0.08%
	UPBD	C	0.31%	0.06%	0.06%
	VBTX	B	0.07%	0.06%	0.06%
	VECO	F	0.04%	0.1%	0.04%
	VFC	C	0.77%	0.18%	0.18%
	VRRM	F	0.05%	0.06%	0.05%
	VRTS	B	0.07%	0.06%	0.06%
	VSAT	F	0.2%	0.02%	0.02%
	VSCO	A	0.65%	0.07%	0.07%
	VSTS	F	0.19%	0.05%	0.05%
	VVI	B	0.12%	0.06%	0.06%
	VYX	C	0.28%	0.05%	0.05%
	WD	D	0.07%	0.06%	0.06%
	WDFC	B	0.04%	0.11%	0.04%
	WERN	B	0.24%	0.12%	0.12%
	WGO	D	0.23%	0.12%	0.12%
	WHD	B	0.09%	0.12%	0.09%
	WKC	D	3.1%	0.05%	0.05%
	WNC	D	0.16%	0.05%	0.05%
	WOLF	F	0.05%	0.03%	0.03%
	WT	A	0.03%	0.06%	0.03%
	XHR	B	0.08%	0.07%	0.07%
	XPEL	C	0.03%	0.05%	0.03%
	XRX	F	0.36%	0.04%	0.04%
	YELP	C	0.1%	0.05%	0.05%
	ZD	B	0.11%	0.08%	0.08%
	ZWS	B	0.13%	0.2%	0.13%

RWJ Overweight 268 Positions Relative to ESML

	Symbol	Grade	Weight
	SAH	B	1.15%
	ADNT	F	1.07%
	HTZ	C	0.83%
	JBLU	F	0.76%
	DAN	F	0.65%
	SANM	B	0.62%
	PARR	F	0.57%
	SPTN	F	0.56%
	GNW	A	0.52%
	CVI	D	0.51%
	OI	D	0.47%
	GMS	B	0.46%
	MCY	B	0.45%
	ODP	F	0.44%
	URBN	C	0.41%
	BFH	B	0.4%
	BTU	C	0.38%
	ASO	F	0.36%
	FDP	B	0.35%
	GEO	A	0.34%
	NATL	B	0.33%
	NAVI	F	0.33%
	ALGT	C	0.32%
	WS	B	0.32%
	SKYW	B	0.32%
	MLI	B	0.31%
	HUBG	A	0.31%
	EXPI	C	0.3%
	MATX	B	0.29%
	LBRT	F	0.29%
	PHIN	B	0.28%
	AMR	C	0.27%
	CBRL	C	0.27%
	ARCH	B	0.26%
	BLMN	F	0.26%
	CHEF	B	0.26%
	PATK	D	0.25%
	KALU	C	0.25%
	NBR	D	0.25%
	IAC	D	0.25%
	SABR	B	0.24%
	SCSC	B	0.24%
	SXC	A	0.23%
	CENX	B	0.23%
	HP	C	0.23%
	GIII	D	0.22%
	TTMI	B	0.22%
	CXW	B	0.22%
	AHCO	D	0.22%
	GFF	B	0.22%
	SPNT	A	0.21%
	CEIX	A	0.21%
	VSTO	A	0.21%
	ENVA	B	0.21%
	MD	C	0.2%
	UVV	B	0.2%
	WWW	A	0.19%
	CNXN	D	0.19%
	VIRT	A	0.18%
	GES	F	0.18%
	KMT	C	0.17%
	UNF	B	0.17%
	NOG	B	0.16%
	AX	B	0.16%
	DXPE	B	0.16%
	DORM	B	0.16%
	LZB	B	0.15%
	VTLE	C	0.15%
	PZZA	F	0.15%
	SNEX	B	0.15%
	FWRD	D	0.14%
	CVCO	A	0.14%
	KWR	D	0.14%
	LGIH	F	0.14%
	WOR	F	0.13%
	MATW	C	0.13%
	NGVT	C	0.13%
	HCSG	C	0.13%
	HMN	B	0.13%
	CRK	A	0.13%
	UCTT	F	0.13%
	TRIP	F	0.13%
	B	A	0.13%
	CATY	B	0.12%
	SFNC	B	0.12%
	APOG	B	0.12%
	CRSR	D	0.11%
	HTH	B	0.11%
	WSFS	B	0.11%
	APLE	B	0.11%
	TWI	F	0.11%
	CENTA	C	0.11%
	NVRI	F	0.11%
	CENT	C	0.11%
	BJRI	C	0.11%
	OSIS	A	0.11%
	JACK	D	0.11%
	PUMP	D	0.11%
	JJSF	C	0.11%
	ABR	B	0.11%
	ASIX	C	0.11%
	BGS	F	0.1%
	OTTR	C	0.1%
	WAFD	B	0.1%
	FHB	B	0.1%
	PMT	D	0.1%
	OXM	F	0.1%
	UFCS	A	0.1%
	MGY	A	0.1%
	SNCY	C	0.1%
	VTOL	B	0.1%
	IPAR	C	0.1%
	RES	F	0.1%
	PRA	B	0.1%
	ASTH	F	0.09%
	PBH	A	0.09%
	STRA	C	0.09%
	EXTR	C	0.09%
	MATV	F	0.09%
	SCHL	F	0.09%
	FIZZ	C	0.09%
	TRUP	B	0.09%
	HSII	B	0.09%
	BKE	B	0.09%
	CARG	B	0.08%
	CNSL	B	0.08%
	IBTX	B	0.08%
	MSGS	B	0.08%
	SCVL	F	0.08%
	TRMK	B	0.08%
	HTLD	B	0.08%
	MCW	C	0.08%
	SVC	F	0.08%
	HOPE	B	0.08%
	DRH	B	0.08%
	AIN	C	0.08%
	NHC	B	0.08%
	NX	C	0.08%
	VIAV	C	0.08%
	DIOD	F	0.08%
	EZPW	A	0.08%
	CASH	B	0.07%
	SHO	D	0.07%
	JBSS	F	0.07%
	EIG	B	0.07%
	BANF	B	0.07%
	CSWI	A	0.07%
	SAFT	B	0.07%
	RC	D	0.07%
	MRTN	C	0.07%
	BRKL	B	0.06%
	ARI	C	0.06%
	SSTK	F	0.06%
	EVTC	B	0.06%
	PRDO	B	0.06%
	KN	B	0.06%
	CORT	C	0.06%
	SWI	B	0.06%
	SXI	B	0.06%
	GDEN	B	0.06%
	OFG	B	0.06%
	ACLS	F	0.06%
	PCRX	C	0.06%
	SBCF	B	0.06%
	DCOM	A	0.06%
	STEP	B	0.06%
	PLAB	D	0.06%
	NTCT	C	0.06%
	FBK	B	0.06%
	NVEE	F	0.06%
	USNA	C	0.06%
	EGBN	B	0.06%
	TDW	F	0.06%
	THRY	F	0.05%
	AMPH	F	0.05%
	PRLB	C	0.05%
	USPH	C	0.05%
	PRK	B	0.05%
	QNST	C	0.05%
	MYE	F	0.05%
	TR	B	0.05%
	RWT	D	0.05%
	INN	D	0.05%
	CARS	C	0.05%
	FCF	B	0.05%
	SUPN	B	0.05%
	REX	D	0.05%
	MGEE	A	0.05%
	HCI	C	0.05%
	NWBI	B	0.05%
	COHU	D	0.04%
	KW	B	0.04%
	FBRT	C	0.04%
	IIIN	D	0.04%
	CNS	B	0.04%
	ANIP	D	0.04%
	AVNS	F	0.04%
	BSIG	A	0.04%
	MCRI	A	0.04%
	STBA	B	0.04%
	HRMY	F	0.04%
	VICR	C	0.04%
	WRLD	D	0.04%
	PFBC	B	0.04%
	YOU	D	0.04%
	TFIN	B	0.04%
	GNL	D	0.04%
	ETD	D	0.04%
	FBNC	B	0.04%
	HAYN	A	0.04%
	ROIC	A	0.03%
	HFWA	B	0.03%
	EFC	C	0.03%
	WABC	B	0.03%
	AMSF	B	0.03%
	GSHD	B	0.03%
	IRWD	F	0.03%
	LQDT	A	0.03%
	AKR	A	0.03%
	CHCO	B	0.03%
	TMP	B	0.03%
	LPG	F	0.03%
	CFFN	B	0.03%
	SBSI	B	0.03%
	COLL	F	0.03%
	UE	A	0.03%
	MGPI	F	0.03%
	LKFN	B	0.03%
	AOSL	C	0.03%
	UTL	C	0.03%
	RGR	F	0.03%
	ELME	D	0.02%
	LMAT	A	0.02%
	MP	C	0.02%
	SHEN	F	0.02%
	FCPT	C	0.02%
	CTRE	C	0.02%
	IIPR	F	0.02%
	BFS	C	0.02%
	VCEL	A	0.02%
	CSR	A	0.02%
	NXRT	A	0.02%
	CTKB	C	0.02%
	TRST	B	0.02%
	VRE	A	0.02%
	TTGT	B	0.02%
	DVAX	C	0.02%
	HSTM	A	0.02%
	JOE	F	0.02%
	NPK	C	0.02%
	INVA	C	0.02%
	CERT	F	0.02%
	RGNX	D	0.01%
	VIR	F	0.01%
	UHT	D	0.01%
	CEVA	B	0.01%
	BLFS	C	0.01%
	XNCR	B	0.01%
	LGND	C	0.01%
	WSR	A	0.01%
	MSEX	B	0.01%
	GTY	A	0.01%
	MLAB	F	0.01%
	LTC	B	0.01%
	SITM	B	0.01%
	ALEX	B	0.01%
	SDGR	C	0.01%
	SLP	F	0.0%

RWJ Underweight 591 Positions Relative to ESML

	Symbol	Grade	Weight
	CASY	A	-0.52%
	JHG	B	-0.51%
	USFD	A	-0.49%
	CVNA	A	-0.48%
	SFM	A	-0.43%
	GWRE	A	-0.43%
	INGR	B	-0.42%
	EWBC	A	-0.4%
	FIX	A	-0.38%
	NTNX	B	-0.36%
	KBR	F	-0.35%
	FTI	A	-0.35%
	AYI	B	-0.34%
	JLL	D	-0.34%
	MUSA	B	-0.34%
	FLEX	B	-0.33%
	XPO	B	-0.33%
	IBKR	A	-0.32%
	FRT	B	-0.31%
	REXR	F	-0.31%
	NTRA	A	-0.31%
	OGS	A	-0.31%
	OSK	C	-0.3%
	GBCI	B	-0.3%
	BWXT	A	-0.3%
	RGA	B	-0.3%
	PNFP	B	-0.3%
	SNV	B	-0.3%
	SIGI	B	-0.29%
	TPR	B	-0.29%
	EHC	B	-0.29%
	RGLD	C	-0.29%
	R	B	-0.29%
	SUM	B	-0.28%
	CNX	A	-0.28%
	DTM	A	-0.28%
	COHR	B	-0.28%
	SAIA	C	-0.28%
	ITT	A	-0.28%
	SCI	A	-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%
	BLD	F	-0.26%
	GPK	D	-0.26%
	ALSN	B	-0.26%
	MWA	B	-0.25%
	WEX	F	-0.25%
	UNM	A	-0.25%
	DCI	B	-0.25%
	AAON	B	-0.25%
	RRC	B	-0.25%
	BJ	B	-0.25%
	WCC	B	-0.24%
	FTAI	A	-0.24%
	UGI	C	-0.24%
	RNR	C	-0.24%
	IVZ	C	-0.24%
	ATR	B	-0.24%
	HRI	C	-0.24%
	NCLH	B	-0.24%
	AFRM	A	-0.23%
	CBSH	A	-0.23%
	ARMK	C	-0.23%
	PRI	A	-0.23%
	EXLS	B	-0.23%
	CW	B	-0.23%
	FHN	A	-0.23%
	THC	C	-0.23%
	MTG	D	-0.23%
	SOFI	A	-0.22%
	CNM	C	-0.22%
	LAD	B	-0.22%
	GNRC	B	-0.22%
	WAL	B	-0.22%
	CMC	B	-0.22%
	CVLT	B	-0.22%
	AR	B	-0.22%
	EGP	D	-0.21%
	CDP	C	-0.21%
	CACI	C	-0.21%
	WMS	F	-0.21%
	WTS	B	-0.21%
	INSM	C	-0.21%
	PCVX	D	-0.21%
	ONTO	F	-0.21%
	LSTR	D	-0.21%
	CUZ	B	-0.21%
	GME	C	-0.21%
	NJR	A	-0.21%
	CNO	B	-0.2%
	HOG	F	-0.2%
	FND	F	-0.2%
	LECO	C	-0.2%
	BDC	B	-0.2%
	KNSL	B	-0.2%
	WHR	B	-0.2%
	PLNT	A	-0.2%
	KBH	D	-0.2%
	MTN	C	-0.2%
	CUBE	C	-0.2%
	OMF	A	-0.2%
	NFG	A	-0.2%
	PCTY	B	-0.2%
	ZION	B	-0.2%
	ENSG	D	-0.2%
	RLI	A	-0.2%
	HHH	B	-0.2%
	WK	C	-0.2%
	BFAM	F	-0.2%
	PR	B	-0.19%
	AMG	C	-0.19%
	WING	D	-0.19%
	CIEN	B	-0.19%
	FCN	F	-0.19%
	HAS	D	-0.19%
	ONB	B	-0.19%
	AXS	A	-0.19%
	HRB	D	-0.19%
	LNW	F	-0.19%
	OHI	B	-0.19%
	DAR	B	-0.19%
	FRPT	A	-0.19%
	AA	A	-0.19%
	NOVT	D	-0.19%
	RHP	B	-0.19%
	WWD	B	-0.19%
	CR	A	-0.19%
	NVT	C	-0.19%
	SF	B	-0.18%
	SRPT	F	-0.18%
	NYT	D	-0.18%
	BWA	D	-0.18%
	SPXC	A	-0.18%
	THG	A	-0.18%
	KNTK	A	-0.18%
	MORN	B	-0.18%
	DUOL	A	-0.18%
	MDU	D	-0.18%
	ENLC	A	-0.18%
	LAZ	B	-0.17%
	CHX	C	-0.17%
	BERY	D	-0.17%
	FN	B	-0.17%
	PCH	D	-0.17%
	TMHC	B	-0.17%
	PCOR	C	-0.17%
	PEN	B	-0.17%
	ESTC	C	-0.17%
	ASB	B	-0.17%
	VVV	D	-0.17%
	LPX	B	-0.17%
	UBSI	B	-0.17%
	MSA	D	-0.17%
	GATX	B	-0.17%
	WSC	F	-0.17%
	MTZ	A	-0.17%
	DLB	F	-0.16%
	RGEN	F	-0.16%
	BRX	A	-0.16%
	DBX	C	-0.16%
	TTEK	F	-0.16%
	FAF	C	-0.16%
	HQY	A	-0.16%
	TNL	B	-0.16%
	TKO	A	-0.16%
	SLM	B	-0.16%
	JAZZ	C	-0.16%
	SITE	D	-0.16%
	FLS	A	-0.16%
	ELAN	D	-0.16%
	GXO	B	-0.16%
	VOYA	B	-0.16%
	PVH	C	-0.16%
	CFLT	B	-0.15%
	VLY	B	-0.15%
	ECG	C	-0.15%
	CADE	B	-0.15%
	WH	B	-0.15%
	MEDP	D	-0.15%
	CRUS	F	-0.15%
	CROX	F	-0.15%
	ANF	C	-0.15%
	AM	A	-0.15%
	VNT	C	-0.15%
	FIBK	B	-0.15%
	NOV	D	-0.15%
	LSCC	D	-0.15%
	RRX	B	-0.15%
	ITCI	B	-0.15%
	MOD	A	-0.15%
	WFRD	F	-0.15%
	GTLB	B	-0.15%
	OZK	B	-0.14%
	HXL	F	-0.14%
	BECN	B	-0.14%
	X	C	-0.14%
	CHDN	C	-0.14%
	GTLS	A	-0.14%
	ESI	B	-0.14%
	LFUS	D	-0.14%
	CHE	F	-0.14%
	SR	A	-0.14%
	RYAN	B	-0.14%
	SMAR	A	-0.14%
	PRIM	A	-0.14%
	ALTR	B	-0.14%
	RMBS	C	-0.14%
	MKSI	C	-0.14%
	IBCP	B	-0.14%
	BILL	B	-0.14%
	ASGN	F	-0.14%
	TPX	B	-0.14%
	CZR	F	-0.14%
	FMC	D	-0.14%
	M	D	-0.13%
	HESM	A	-0.13%
	BRKR	F	-0.13%
	CAVA	C	-0.13%
	AIT	B	-0.13%
	MAT	D	-0.13%
	STRL	A	-0.13%
	CBT	C	-0.13%
	FYBR	C	-0.13%
	ORI	A	-0.13%
	KNF	B	-0.13%
	SWX	A	-0.13%
	CYTK	D	-0.13%
	AZEK	B	-0.13%
	MUR	F	-0.13%
	WTM	A	-0.13%
	VMI	B	-0.13%
	ELF	C	-0.13%
	COLB	B	-0.13%
	AGCO	F	-0.13%
	AGNC	C	-0.12%
	OLLI	D	-0.12%
	EVR	B	-0.12%
	YETI	D	-0.12%
	IRDM	F	-0.12%
	QTWO	B	-0.12%
	KOS	D	-0.12%
	RKLB	B	-0.12%
	BLKB	B	-0.12%
	S	B	-0.12%
	GL	C	-0.12%
	CRDO	B	-0.12%
	THO	C	-0.12%
	ADT	B	-0.12%
	GAP	D	-0.12%
	HAE	C	-0.12%
	PEGA	B	-0.11%
	PATH	C	-0.11%
	TXRH	B	-0.11%
	JEF	A	-0.11%
	ORA	B	-0.11%
	KRC	C	-0.11%
	GMED	A	-0.11%
	VKTX	F	-0.11%
	LYFT	C	-0.11%
	XENE	D	-0.11%
	CRNX	C	-0.11%
	APPF	C	-0.11%
	EFSC	B	-0.11%
	SON	F	-0.11%
	ADC	A	-0.11%
	HALO	F	-0.11%
	LBRDA	C	-0.11%
	VC	F	-0.1%
	CFR	B	-0.1%
	TDC	D	-0.1%
	ERII	D	-0.1%
	RVMD	B	-0.1%
	HCP	B	-0.1%
	BRBR	A	-0.1%
	TENB	D	-0.1%
	FA	D	-0.1%
	SSD	D	-0.1%
	CAC	B	-0.1%
	STWD	C	-0.1%
	NXT	D	-0.1%
	BHVN	C	-0.1%
	DNLI	C	-0.1%
	DRS	B	-0.1%
	LITE	B	-0.1%
	PFSI	C	-0.1%
	FLR	B	-0.1%
	TRNO	D	-0.1%
	RDUS	C	-0.1%
	KD	A	-0.1%
	AMAL	B	-0.1%
	CGNX	D	-0.1%
	ALTM	C	-0.1%
	PSN	C	-0.1%
	LNTH	F	-0.1%
	FIVE	F	-0.1%
	LEA	F	-0.1%
	VNO	C	-0.09%
	AMED	F	-0.09%
	RNA	C	-0.09%
	UPST	B	-0.09%
	U	F	-0.09%
	ARW	F	-0.09%
	WEN	C	-0.09%
	POST	C	-0.09%
	MGRC	B	-0.09%
	FR	C	-0.09%
	CURB	D	-0.09%
	SLAB	F	-0.09%
	ZI	D	-0.09%
	MTSI	B	-0.09%
	OPCH	F	-0.09%
	NXST	C	-0.09%
	RL	C	-0.09%
	ATKR	D	-0.09%
	HWC	B	-0.09%
	IMAX	A	-0.09%
	ACHC	F	-0.09%
	EVRI	A	-0.08%
	AVPT	A	-0.08%
	SBRA	B	-0.08%
	OLED	F	-0.08%
	KTOS	C	-0.08%
	ICFI	F	-0.08%
	AUR	C	-0.08%
	EWTX	C	-0.08%
	BPMC	C	-0.08%
	IESC	A	-0.08%
	SPB	C	-0.08%
	ACLX	C	-0.08%
	SNX	D	-0.08%
	CRSP	D	-0.08%
	VSEC	B	-0.08%
	BPOP	C	-0.08%
	INTA	B	-0.08%
	ST	F	-0.08%
	SASR	B	-0.08%
	TNET	F	-0.08%
	PLYA	B	-0.08%
	LBPH	A	-0.08%
	TEX	D	-0.08%
	CHWY	B	-0.08%
	ENOV	C	-0.08%
	VAC	C	-0.08%
	TARS	C	-0.08%
	PRKS	B	-0.08%
	BWIN	D	-0.08%
	HR	C	-0.08%
	NTGR	A	-0.08%
	PRCT	B	-0.08%
	DOCS	C	-0.08%
	MIR	A	-0.08%
	EE	A	-0.07%
	RARE	F	-0.07%
	LBRDK	C	-0.07%
	UEC	A	-0.07%
	WU	F	-0.07%
	GT	C	-0.07%
	HGV	C	-0.07%
	ESRT	C	-0.07%
	COLM	B	-0.07%
	TREX	D	-0.07%
	ESNT	D	-0.07%
	VVX	C	-0.07%
	AVNT	B	-0.07%
	PRGO	C	-0.07%
	ZYME	C	-0.07%
	ALHC	C	-0.07%
	AZTA	F	-0.07%
	HIMS	C	-0.07%
	MHK	D	-0.07%
	GH	B	-0.07%
	BROS	A	-0.07%
	FIVN	C	-0.07%
	ATRC	C	-0.07%
	VCTR	B	-0.07%
	BC	D	-0.07%
	WTFC	B	-0.07%
	WRBY	A	-0.07%
	AN	D	-0.07%
	CCCS	B	-0.07%
	PAR	A	-0.07%
	CBZ	B	-0.06%
	CAR	C	-0.06%
	FNA	B	-0.06%
	SG	B	-0.06%
	TMCI	C	-0.06%
	CLSK	C	-0.06%
	IRON	C	-0.06%
	PRO	C	-0.06%
	DCO	B	-0.06%
	VERA	C	-0.06%
	RBBN	B	-0.06%
	PBF	D	-0.06%
	W	D	-0.06%
	MBUU	C	-0.06%
	PTCT	C	-0.06%
	EXPO	D	-0.06%
	AXSM	B	-0.06%
	MOV	D	-0.06%
	AGIO	C	-0.06%
	NRIX	C	-0.06%
	VRNT	D	-0.06%
	COKE	C	-0.06%
	JWN	C	-0.06%
	POWI	D	-0.06%
	CMCO	C	-0.06%
	CHH	A	-0.06%
	CWAN	B	-0.06%
	TDOC	D	-0.06%
	EXP	B	-0.06%
	CLH	C	-0.06%
	PNTG	D	-0.06%
	CLNE	F	-0.06%
	CMP	C	-0.06%
	MGNI	A	-0.06%
	RUSHB	B	-0.06%
	KROS	D	-0.06%
	VREX	C	-0.06%
	FROG	C	-0.06%
	PYCR	C	-0.06%
	CART	C	-0.06%
	OWL	A	-0.06%
	NVST	C	-0.06%
	ACVA	A	-0.06%
	RCM	A	-0.06%
	ROIV	D	-0.06%
	FLYW	B	-0.06%
	APG	C	-0.06%
	IDYA	F	-0.06%
	HURN	B	-0.06%
	PK	D	-0.06%
	MNKD	B	-0.06%
	BYD	B	-0.06%
	AVDX	B	-0.06%
	VNOM	A	-0.06%
	FRSH	C	-0.06%
	KE	C	-0.06%
	FUN	C	-0.06%
	VRNS	D	-0.06%
	CLF	F	-0.06%
	MRUS	F	-0.06%
	FOUR	A	-0.06%
	MAN	F	-0.06%
	VRDN	D	-0.06%
	VERX	A	-0.06%
	PDM	D	-0.06%
	MASI	B	-0.06%
	IBOC	B	-0.06%
	RH	D	-0.06%
	FFIN	B	-0.06%
	COMP	B	-0.06%
	SWTX	C	-0.05%
	RXST	F	-0.05%
	EWCZ	D	-0.05%
	TWST	F	-0.05%
	BNL	D	-0.05%
	ARVN	F	-0.05%
	NUVB	C	-0.05%
	ZEUS	C	-0.05%
	ETNB	D	-0.05%
	RYN	D	-0.05%
	IONS	F	-0.05%
	PLOW	D	-0.05%
	ARKO	D	-0.05%
	SHC	F	-0.05%
	CECO	C	-0.05%
	LEVI	F	-0.05%
	INFA	D	-0.05%
	GERN	F	-0.05%
	APGE	F	-0.05%
	FLG	D	-0.05%
	CDE	C	-0.05%
	CLVT	D	-0.05%
	XRAY	D	-0.05%
	ACEL	C	-0.05%
	BASE	C	-0.05%
	MLTX	C	-0.05%
	SLNO	C	-0.05%
	INVX	C	-0.05%
	ASAN	C	-0.05%
	MLNK	C	-0.05%
	AI	B	-0.05%
	BEAM	C	-0.05%
	PGRE	D	-0.05%
	EDR	A	-0.05%
	REVG	B	-0.05%
	INFN	D	-0.05%
	MRC	B	-0.05%
	SPR	D	-0.05%
	VITL	D	-0.05%
	LCID	F	-0.05%
	ELVN	C	-0.05%
	MTTR	B	-0.05%
	KYMR	C	-0.05%
	XPRO	F	-0.05%
	ZUO	B	-0.05%
	JANX	C	-0.05%
	CSTL	C	-0.05%
	CC	D	-0.05%
	GEF	B	-0.05%
	TMDX	F	-0.05%
	SKY	A	-0.05%
	BE	A	-0.05%
	LIVN	D	-0.05%
	KMPR	A	-0.05%
	EPR	D	-0.05%
	MDGL	C	-0.05%
	ARWR	D	-0.05%
	KVYO	D	-0.05%
	LOPE	B	-0.05%
	RNG	C	-0.05%
	ARQT	C	-0.05%
	GEF	B	-0.05%
	NUVL	D	-0.05%
	UAA	C	-0.05%
	NCNO	B	-0.05%
	COLD	F	-0.05%
	ALKT	B	-0.05%
	PD	C	-0.05%
	CIVI	D	-0.05%
	CRAI	B	-0.05%
	RCKT	F	-0.04%
	CLW	F	-0.04%
	BKD	F	-0.04%
	HOUS	D	-0.04%
	NEP	F	-0.04%
	KURA	F	-0.04%
	CRI	F	-0.04%
	QS	D	-0.04%
	PRTA	F	-0.04%
	NTLA	F	-0.04%
	CLDX	F	-0.04%
	EGY	F	-0.04%
	ESTA	F	-0.04%
	SPT	C	-0.04%
	JAMF	F	-0.04%
	ARCT	F	-0.04%
	CGEM	F	-0.04%
	COUR	F	-0.04%
	SAVA	C	-0.04%
	SIBN	F	-0.04%
	SNDX	F	-0.04%
	IMVT	F	-0.04%
	MMS	D	-0.04%
	OSCR	C	-0.04%
	AMC	D	-0.04%
	ASH	F	-0.04%
	PLUG	F	-0.04%
	DYN	F	-0.04%
	PLRX	D	-0.04%
	HL	C	-0.04%
	BBIO	F	-0.04%
	DK	D	-0.04%
	QDEL	F	-0.04%
	ALEC	F	-0.04%
	FLO	D	-0.04%
	NVCR	D	-0.04%
	MEI	F	-0.04%
	IVR	D	-0.04%
	BRZE	C	-0.04%
	LGF.A	F	-0.04%
	RXRX	D	-0.04%
	TROX	D	-0.04%
	COGT	D	-0.04%
	RKT	F	-0.04%
	NEOG	D	-0.04%
	NVAX	F	-0.03%
	ANAB	F	-0.03%
	MEG	F	-0.03%
	TXG	F	-0.03%
	SITC	D	-0.03%
	CNXC	F	-0.03%
	CDNA	D	-0.03%
	SVRA	F	-0.03%
	PHAT	F	-0.03%
	CRMT	F	-0.03%
	APLS	F	-0.03%
	CCRN	F	-0.03%
	CPRI	F	-0.03%
	ETWO	F	-0.03%
	BRY	F	-0.03%
	MQ	F	-0.03%
	JELD	F	-0.03%
	AGL	F	-0.02%
	NOVA	F	-0.02%
	ASPN	F	-0.02%
	MAGN	F	-0.01%

RWJ: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Diversified Industrials Software - Application Packaged Foods Specialty Chemicals Asset Management Oil & Gas Equipment & Services REIT - Retail Software - Infrastructure Auto Parts Insurance - Property & Casualty Medical Devices Restaurants Specialty Retail Communication Equipment Drug Manufacturers - Specialty & Generic Electronic Components Oil & Gas E&P

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Insurance Commercial Bank Mining Semiconductor Transport Commercial Banking Mortgage Loan Investment Management Retail Store Construction

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 Engineering & Construction Specialty Chemicals Specialty Retail Information Technology Services Oil & Gas E&P Oil & Gas Equipment & Services REIT - Diversified Auto Parts Electronic Components Aerospace & Defense

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