ESML vs. AVMC ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Avantis U.S. Mid Cap Equity ETF (AVMC)

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

$45.22

Average Daily Volume

89,295

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

AVMC

Avantis U.S. Mid Cap Equity ETF

AVMC Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to invest in securities of companies that the Advisor expects to have higher returns by placing an enhanced emphasis on securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$69.51

Average Daily Volume

8,425

Number of Holdings ^*

518

* may have additional holdings in another (foreign) market

Performance

Period	ESML	AVMC
30 Days	8.75%	7.92%
60 Days	8.59%	8.98%
90 Days	9.69%	10.86%
12 Months	34.45%	35.44%

208 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in AVMC	Overlap
AA	B	0.21%	0.07%	0.07%
AFRM	B	0.28%	0.17%	0.17%
AGCO	D	0.14%	0.1%	0.1%
AIT	A	0.13%	0.18%	0.13%
ALSN	B	0.26%	0.17%	0.17%
AM	A	0.15%	0.09%	0.09%
AMG	B	0.18%	0.08%	0.08%
AN	C	0.07%	0.08%	0.07%
APG	B	0.06%	0.1%	0.06%
AR	B	0.24%	0.17%	0.17%
ARMK	B	0.24%	0.13%	0.13%
ARW	D	0.09%	0.1%	0.09%
ATI	D	0.15%	0.12%	0.12%
ATKR	C	0.08%	0.01%	0.01%
ATR	B	0.23%	0.18%	0.18%
AXS	A	0.19%	0.13%	0.13%
AXTA	A	0.26%	0.13%	0.13%
AYI	B	0.32%	0.17%	0.17%
BC	C	0.07%	0.08%	0.07%
BECN	B	0.14%	0.09%	0.09%
BERY	B	0.18%	0.1%	0.1%
BFAM	D	0.21%	0.06%	0.06%
BILL	A	0.15%	0.13%	0.13%
BJ	A	0.27%	0.18%	0.18%
BLD	D	0.25%	0.16%	0.16%
BPOP	B	0.08%	0.1%	0.08%
BRKR	D	0.13%	0.05%	0.05%
BWA	D	0.17%	0.13%	0.13%
BWXT	B	0.3%	0.19%	0.19%
BYD	C	0.06%	0.07%	0.06%
CASY	A	0.53%	0.27%	0.27%
CBSH	A	0.23%	0.12%	0.12%
CFR	B	0.09%	0.13%	0.09%
CGNX	C	0.1%	0.08%	0.08%
CHDN	B	0.14%	0.09%	0.09%
CHE	D	0.14%	0.12%	0.12%
CHH	A	0.06%	0.07%	0.06%
CHWY	B	0.09%	0.03%	0.03%
CHX	C	0.17%	0.11%	0.11%
CIEN	B	0.18%	0.15%	0.15%
CIVI	D	0.05%	0.09%	0.05%
CLF	F	0.06%	0.1%	0.06%
CLH	B	0.06%	0.22%	0.06%
CLVT	F	0.05%	0.02%	0.02%
CMA	A	0.2%	0.18%	0.18%
CMC	B	0.22%	0.12%	0.12%
CNM	D	0.23%	0.07%	0.07%
CNXC	F	0.03%	0.0%	0.0%
COHR	B	0.29%	0.16%	0.16%
COKE	C	0.06%	0.08%	0.06%
COLB	A	0.13%	0.03%	0.03%
COLM	B	0.06%	0.04%	0.04%
CR	A	0.2%	0.1%	0.1%
CROX	D	0.15%	0.07%	0.07%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.07%	0.01%	0.01%
CWEN	C	0.05%	0.01%	0.01%
CWEN	C	0.05%	0.02%	0.02%
CZR	F	0.14%	0.1%	0.1%
DAR	C	0.19%	0.08%	0.08%
DCI	B	0.24%	0.15%	0.15%
DLB	B	0.17%	0.07%	0.07%
DTM	B	0.3%	0.16%	0.16%
EHC	B	0.28%	0.14%	0.14%
ELAN	D	0.15%	0.1%	0.1%
ENLC	A	0.19%	0.08%	0.08%
ENSG	D	0.2%	0.13%	0.13%
ESNT	D	0.07%	0.09%	0.07%
EVR	B	0.12%	0.2%	0.12%
EWBC	A	0.4%	0.25%	0.25%
EXP	A	0.06%	0.18%	0.06%
FAF	A	0.16%	0.1%	0.1%
FHN	A	0.23%	0.1%	0.1%
FIX	A	0.42%	0.26%	0.26%
FLEX	A	0.35%	0.3%	0.3%
FLO	D	0.04%	0.03%	0.03%
FLR	B	0.11%	0.15%	0.11%
FLS	B	0.16%	0.11%	0.11%
FMC	D	0.15%	0.06%	0.06%
FN	D	0.15%	0.17%	0.15%
FND	C	0.2%	0.15%	0.15%
FRPT	B	0.2%	0.05%	0.05%
FRSH	C	0.06%	0.0%	0.0%
FTI	A	0.37%	0.26%	0.26%
FYBR	D	0.13%	0.07%	0.07%
GAP	C	0.12%	0.09%	0.09%
GL	B	0.12%	0.16%	0.12%
GME	C	0.21%	0.16%	0.16%
GMED	A	0.11%	0.13%	0.11%
GNRC	B	0.21%	0.14%	0.14%
GPK	C	0.26%	0.12%	0.12%
GWRE	A	0.44%	0.19%	0.19%
HAE	C	0.12%	0.02%	0.02%
HALO	F	0.09%	0.12%	0.09%
HAS	D	0.18%	0.11%	0.11%
HESM	B	0.13%	0.04%	0.04%
HRB	D	0.18%	0.15%	0.15%
HXL	D	0.13%	0.06%	0.06%
INGR	B	0.4%	0.15%	0.15%
ITT	A	0.29%	0.2%	0.2%
IVZ	B	0.24%	0.09%	0.09%
JAZZ	B	0.16%	0.13%	0.13%
JEF	A	0.11%	0.17%	0.11%
JLL	D	0.33%	0.16%	0.16%
KBR	F	0.35%	0.11%	0.11%
KNSL	B	0.2%	0.21%	0.2%
LAD	A	0.22%	0.19%	0.19%
LBRDA	C	0.11%	0.03%	0.03%
LBRDK	C	0.06%	0.15%	0.06%
LCID	F	0.05%	0.02%	0.02%
LEA	D	0.1%	0.08%	0.08%
LECO	B	0.2%	0.18%	0.18%
LEVI	F	0.04%	0.02%	0.02%
LFUS	F	0.13%	0.09%	0.09%
LNW	D	0.19%	0.12%	0.12%
LSCC	D	0.15%	0.09%	0.09%
LSTR	D	0.2%	0.11%	0.11%
LUMN	C	0.17%	0.02%	0.02%
MAT	D	0.12%	0.11%	0.11%
MEDP	D	0.15%	0.12%	0.12%
MHK	D	0.07%	0.09%	0.07%
MORN	B	0.18%	0.13%	0.13%
MSA	D	0.17%	0.1%	0.1%
MTG	C	0.23%	0.12%	0.12%
MTH	D	0.16%	0.12%	0.12%
MTN	C	0.2%	0.08%	0.08%
MUR	D	0.13%	0.1%	0.1%
MUSA	A	0.34%	0.19%	0.19%
NCLH	B	0.24%	0.18%	0.18%
NFG	A	0.21%	0.08%	0.08%
NOV	C	0.15%	0.11%	0.11%
NSIT	F	0.12%	0.09%	0.09%
NXST	C	0.09%	0.06%	0.06%
NYT	C	0.17%	0.13%	0.13%
OLED	D	0.08%	0.11%	0.08%
OLLI	D	0.11%	0.09%	0.09%
OMF	A	0.2%	0.11%	0.11%
ONTO	D	0.21%	0.13%	0.13%
ORI	A	0.13%	0.15%	0.13%
OSK	B	0.29%	0.12%	0.12%
OZK	B	0.14%	0.03%	0.03%
PATH	C	0.11%	0.07%	0.07%
PCTY	B	0.2%	0.12%	0.12%
PCVX	D	0.2%	0.11%	0.11%
PNFP	B	0.29%	0.17%	0.17%
POST	C	0.09%	0.07%	0.07%
PR	B	0.19%	0.16%	0.16%
PRI	A	0.23%	0.2%	0.2%
PTEN	C	0.04%	0.0%	0.0%
PVH	C	0.16%	0.08%	0.08%
R	B	0.28%	0.16%	0.16%
RGA	A	0.29%	0.24%	0.24%
RGEN	D	0.15%	0.0%	0.0%
RGLD	C	0.3%	0.09%	0.09%
RHI	B	0.21%	0.14%	0.14%
RL	B	0.09%	0.13%	0.09%
RLI	B	0.2%	0.12%	0.12%
RMBS	C	0.14%	0.0%	0.0%
RNR	C	0.24%	0.19%	0.19%
RRC	B	0.26%	0.16%	0.16%
RVMD	C	0.1%	0.12%	0.1%
RYAN	B	0.14%	0.09%	0.09%
S	B	0.12%	0.09%	0.09%
SAIA	B	0.28%	0.27%	0.27%
SCI	B	0.27%	0.14%	0.14%
SEE	C	0.07%	0.04%	0.04%
SF	B	0.17%	0.18%	0.17%
SIGI	C	0.27%	0.09%	0.09%
SITE	D	0.16%	0.1%	0.1%
SM	B	0.06%	0.11%	0.06%
SNX	C	0.08%	0.1%	0.08%
SOFI	A	0.24%	0.19%	0.19%
SON	D	0.11%	0.07%	0.07%
SPSC	C	0.16%	0.04%	0.04%
SSB	B	0.27%	0.13%	0.13%
SSD	D	0.1%	0.13%	0.1%
ST	F	0.07%	0.06%	0.06%
THC	D	0.21%	0.21%	0.21%
THO	B	0.12%	0.09%	0.09%
TMHC	B	0.17%	0.14%	0.14%
TNET	D	0.07%	0.05%	0.05%
TOL	B	0.26%	0.29%	0.26%
TPR	B	0.28%	0.13%	0.13%
TPX	B	0.14%	0.14%	0.14%
TREX	C	0.07%	0.12%	0.07%
TXRH	C	0.1%	0.18%	0.1%
UNM	A	0.25%	0.2%	0.2%
USFD	A	0.5%	0.2%	0.2%
VFC	C	0.17%	0.07%	0.07%
VNT	B	0.15%	0.09%	0.09%
VOYA	B	0.16%	0.13%	0.13%
WAL	B	0.21%	0.2%	0.2%
WBS	A	0.27%	0.17%	0.17%
WCC	B	0.23%	0.15%	0.15%
WEX	D	0.24%	0.11%	0.11%
WFRD	D	0.16%	0.13%	0.13%
WH	B	0.14%	0.11%	0.11%
WHR	B	0.19%	0.06%	0.06%
WMS	D	0.2%	0.17%	0.17%
WSC	D	0.17%	0.1%	0.1%
WTFC	A	0.07%	0.14%	0.07%
WTS	B	0.21%	0.07%	0.07%
WWD	B	0.19%	0.14%	0.14%
X	C	0.15%	0.14%	0.14%
XPO	B	0.33%	0.3%	0.3%
XRAY	F	0.05%	0.03%	0.03%
ZION	B	0.2%	0.18%	0.18%
ZWS	B	0.2%	0.09%	0.09%

ESML Overweight 698 Positions Relative to AVMC

Symbol	Grade	Weight
JHG	A	0.5%
CVNA	B	0.48%
SFM	A	0.44%
NTNX	A	0.36%
NTRA	B	0.34%
IBKR	A	0.34%
OGS	A	0.32%
GBCI	B	0.3%
SNV	B	0.3%
REXR	F	0.3%
FRT	B	0.3%
SUM	B	0.29%
CNX	A	0.29%
BMI	B	0.29%
AVT	C	0.27%
FTAI	B	0.26%
UMBF	B	0.26%
MWA	B	0.25%
UGI	A	0.25%
AAON	B	0.25%
PRGS	A	0.24%
MOG.A	B	0.24%
HRI	B	0.24%
ALK	C	0.23%
EXLS	B	0.23%
REZI	A	0.23%
CW	B	0.23%
AWI	A	0.23%
CUZ	B	0.22%
CVLT	B	0.22%
FTDR	A	0.22%
NJR	A	0.22%
PLNT	A	0.21%
CDP	C	0.21%
INSM	C	0.21%
FELE	B	0.21%
HOG	D	0.2%
KBH	D	0.2%
BDC	B	0.2%
FBP	B	0.2%
BHLB	B	0.2%
CACI	D	0.2%
EGP	F	0.2%
CUBE	D	0.2%
NVT	B	0.2%
TGNA	B	0.2%
HHH	B	0.2%
WK	B	0.2%
FCN	D	0.19%
WING	D	0.19%
GPI	A	0.19%
DUOL	A	0.19%
OHI	C	0.19%
ITRI	B	0.19%
AVA	A	0.19%
RHP	B	0.19%
SNDR	B	0.19%
KNTK	B	0.19%
CNO	A	0.19%
MDU	D	0.19%
PCOR	B	0.18%
SRPT	D	0.18%
ESTC	C	0.18%
MOD	A	0.18%
THG	A	0.18%
GATX	A	0.18%
MTZ	B	0.18%
ONB	B	0.18%
GKOS	B	0.18%
EPRT	B	0.18%
TKO	B	0.18%
NOVT	D	0.18%
SPXC	A	0.18%
PCH	D	0.17%
UBSI	B	0.17%
LAZ	B	0.17%
ASB	B	0.17%
HQY	B	0.17%
LPX	B	0.17%
BANR	B	0.17%
PEN	B	0.17%
PLXS	B	0.17%
CRS	A	0.16%
TNL	A	0.16%
BHE	B	0.16%
BCC	B	0.16%
ACIW	B	0.16%
BRX	A	0.16%
GXO	B	0.16%
GTLB	B	0.16%
ECG	C	0.16%
SLM	A	0.16%
AEIS	B	0.16%
EAT	A	0.16%
PRIM	A	0.15%
SR	A	0.15%
CRUS	D	0.15%
CPF	A	0.15%
ITCI	C	0.15%
KTB	B	0.15%
RKLB	B	0.15%
FIBK	A	0.15%
HNI	B	0.15%
RRX	B	0.15%
MMSI	B	0.15%
VVV	F	0.15%
MYRG	B	0.15%
FSS	B	0.15%
CFLT	B	0.15%
TTEK	F	0.15%
DBX	B	0.15%
KNF	A	0.14%
KLIC	B	0.14%
TPH	D	0.14%
ESI	A	0.14%
AZEK	A	0.14%
SMAR	A	0.14%
STRL	B	0.14%
IBCP	B	0.14%
ALTR	B	0.14%
JXN	C	0.14%
GTLS	B	0.14%
MKSI	C	0.14%
IDCC	A	0.14%
CADE	B	0.14%
NPO	A	0.14%
ACA	A	0.14%
ANF	C	0.14%
VLY	B	0.14%
QTWO	A	0.13%
CBT	C	0.13%
BOX	B	0.13%
ITGR	B	0.13%
CABO	C	0.13%
ASGN	F	0.13%
ELF	C	0.13%
VMI	B	0.13%
SWX	B	0.13%
CAVA	B	0.13%
PINC	B	0.13%
HIW	D	0.13%
PDCO	D	0.13%
LRN	A	0.13%
CRDO	B	0.13%
BCPC	B	0.13%
CPK	A	0.13%
WTM	A	0.13%
YETI	C	0.12%
RDUS	C	0.12%
AGNC	D	0.12%
CVBF	A	0.12%
DFIN	D	0.12%
KD	B	0.12%
AVAV	D	0.12%
WERN	C	0.12%
ABG	B	0.12%
M	D	0.12%
BLKB	B	0.12%
ADT	C	0.12%
MTX	B	0.12%
WHD	B	0.12%
FULT	A	0.12%
EPAC	B	0.12%
CSGS	B	0.11%
CRNX	C	0.11%
AUB	B	0.11%
MARA	C	0.11%
DXC	B	0.11%
ORA	B	0.11%
KRC	C	0.11%
AROC	B	0.11%
SHOO	D	0.11%
LCII	C	0.11%
ABCB	B	0.11%
WDFC	B	0.11%
MRCY	B	0.11%
CCOI	B	0.11%
ECPG	B	0.11%
LNTH	D	0.11%
IRDM	D	0.11%
APPF	B	0.11%
EFSC	B	0.11%
CYTK	F	0.11%
WGO	C	0.11%
ADC	B	0.11%
KOS	F	0.11%
KAR	B	0.11%
RXO	C	0.1%
PJT	A	0.1%
VECO	F	0.1%
SCL	C	0.1%
HCP	B	0.1%
TRN	C	0.1%
TDC	D	0.1%
TENB	C	0.1%
CAC	B	0.1%
FIVE	F	0.1%
FUL	F	0.1%
LYFT	C	0.1%
HASI	D	0.1%
DV	C	0.1%
DY	D	0.1%
APAM	B	0.1%
TRNO	F	0.1%
STWD	C	0.1%
U	C	0.1%
AMAL	B	0.1%
ETSY	D	0.1%
LITE	B	0.1%
PSN	D	0.1%
FA	C	0.1%
RDNT	B	0.1%
BRBR	A	0.1%
CRC	B	0.1%
AL	B	0.1%
SLG	B	0.1%
XENE	D	0.1%
VKTX	F	0.1%
ALTM	C	0.1%
PFSI	D	0.1%
SIG	B	0.1%
DRS	B	0.1%
PEGA	A	0.1%
DNLI	D	0.09%
INSP	D	0.09%
GVA	A	0.09%
RDN	C	0.09%
KFY	B	0.09%
ABM	B	0.09%
LNN	B	0.09%
AVPT	A	0.09%
TDS	B	0.09%
CNK	B	0.09%
ZI	D	0.09%
MGRC	B	0.09%
SLAB	D	0.09%
NMIH	D	0.09%
BRC	D	0.09%
PLMR	B	0.09%
UNIT	B	0.09%
FR	C	0.09%
CURB	D	0.09%
HWC	B	0.09%
MIR	A	0.09%
POWL	C	0.09%
OPCH	D	0.09%
UPST	B	0.09%
PRCT	B	0.09%
MTSI	B	0.09%
ACHC	F	0.09%
VC	D	0.09%
LNC	B	0.09%
SJW	D	0.09%
BHVN	D	0.09%
IMAX	B	0.09%
NXT	C	0.09%
BE	B	0.09%
IBP	D	0.09%
ESE	B	0.09%
NWL	B	0.09%
CRVL	A	0.09%
ALKS	B	0.09%
TILE	B	0.08%
CRSP	D	0.08%
UEC	B	0.08%
KOP	C	0.08%
CCCS	B	0.08%
SASR	B	0.08%
PRVA	B	0.08%
AEO	F	0.08%
BPMC	C	0.08%
ENR	B	0.08%
VCTR	B	0.08%
DOCS	C	0.08%
BXMT	C	0.08%
TBBK	B	0.08%
BL	B	0.08%
IESC	B	0.08%
BROS	B	0.08%
NWN	A	0.08%
PRKS	C	0.08%
KTOS	B	0.08%
ERII	D	0.08%
WRBY	B	0.08%
PAR	B	0.08%
VAC	B	0.08%
ALG	B	0.08%
LBPH	A	0.08%
PLYA	B	0.08%
INDB	B	0.08%
TEX	D	0.08%
TARS	B	0.08%
HIMS	B	0.08%
INTA	A	0.08%
NTGR	B	0.08%
ENOV	C	0.08%
UNFI	A	0.08%
BOH	B	0.08%
OGN	D	0.08%
PIPR	B	0.08%
HR	C	0.08%
STC	B	0.08%
AUR	C	0.08%
ZD	C	0.08%
AZZ	B	0.08%
MAC	B	0.08%
VNO	B	0.08%
JBT	B	0.08%
WEN	D	0.08%
AMED	F	0.08%
BWIN	D	0.08%
SHAK	C	0.08%
RNST	B	0.08%
VSCO	B	0.07%
TDOC	C	0.07%
ICFI	F	0.07%
AAT	B	0.07%
OII	B	0.07%
GT	C	0.07%
MASI	A	0.07%
CALM	A	0.07%
SKT	B	0.07%
SONO	C	0.07%
SG	B	0.07%
RH	B	0.07%
PECO	A	0.07%
CWK	B	0.07%
VERX	B	0.07%
HAFC	A	0.07%
AVNT	B	0.07%
WU	D	0.07%
ESRT	C	0.07%
PRGO	B	0.07%
PAYO	A	0.07%
FOUR	B	0.07%
ROG	D	0.07%
GTES	A	0.07%
VVX	C	0.07%
FIVN	C	0.07%
VREX	C	0.07%
CMP	C	0.07%
ACLX	C	0.07%
XHR	B	0.07%
CTS	C	0.07%
GH	B	0.07%
HWKN	B	0.07%
BDN	C	0.07%
ATRC	C	0.07%
AMWD	C	0.07%
EE	A	0.07%
SXT	B	0.07%
RNA	D	0.07%
SEM	B	0.07%
SPB	C	0.07%
EWTX	C	0.07%
AZTA	D	0.07%
ICUI	D	0.07%
HBI	B	0.07%
IOSP	B	0.07%
EVRI	A	0.07%
OUT	A	0.07%
VSEC	C	0.07%
PI	D	0.07%
SBRA	C	0.07%
MRUS	F	0.06%
LXP	D	0.06%
CBZ	B	0.06%
CMCO	B	0.06%
PRO	C	0.06%
CC	C	0.06%
AGIO	C	0.06%
AXSM	B	0.06%
PTCT	B	0.06%
MBUU	C	0.06%
HCC	B	0.06%
POWI	D	0.06%
NBTB	B	0.06%
ATEN	B	0.06%
VRDN	D	0.06%
MGNI	A	0.06%
COLD	D	0.06%
ALKT	B	0.06%
ATGE	B	0.06%
SFBS	B	0.06%
MXL	C	0.06%
TMCI	D	0.06%
WT	B	0.06%
PBF	D	0.06%
MDGL	B	0.06%
RUSHB	B	0.06%
AGO	B	0.06%
AIR	B	0.06%
ZYME	C	0.06%
CALX	D	0.06%
IRON	B	0.06%
VBTX	B	0.06%
PYCR	C	0.06%
HAIN	C	0.06%
FROG	C	0.06%
FNA	C	0.06%
ANDE	D	0.06%
CWAN	B	0.06%
PLUS	F	0.06%
AGYS	A	0.06%
CART	C	0.06%
MNKD	C	0.06%
VRNS	D	0.06%
SATS	D	0.06%
PPBI	B	0.06%
HURN	B	0.06%
PAHC	C	0.06%
TALO	C	0.06%
PK	B	0.06%
MAN	D	0.06%
CCS	D	0.06%
FUN	C	0.06%
ROIV	C	0.06%
BOOT	D	0.06%
VVI	C	0.06%
W	F	0.06%
KE	C	0.06%
ENV	B	0.06%
HELE	C	0.06%
AVDX	B	0.06%
PEB	D	0.06%
PDM	D	0.06%
BKU	A	0.06%
KREF	D	0.06%
WD	D	0.06%
IBOC	A	0.06%
FLYW	C	0.06%
NVST	B	0.06%
TGTX	B	0.06%
RARE	D	0.06%
EYE	C	0.06%
FFIN	B	0.06%
OWL	A	0.06%
ADMA	B	0.06%
SMTC	B	0.06%
CLB	B	0.06%
ACVA	B	0.06%
HI	C	0.06%
UPBD	B	0.06%
CBU	B	0.06%
BANC	A	0.06%
DEA	D	0.06%
HGV	B	0.06%
NARI	C	0.06%
COMP	B	0.06%
AI	B	0.06%
TGI	B	0.06%
ALHC	C	0.06%
GBX	A	0.06%
VNOM	A	0.06%
LGF.A	C	0.05%
ARVN	D	0.05%
MNRO	D	0.05%
FTRE	D	0.05%
BNL	D	0.05%
RXST	F	0.05%
AXL	C	0.05%
PLOW	D	0.05%
THS	D	0.05%
CPRX	C	0.05%
RUN	F	0.05%
PGRE	F	0.05%
PENN	C	0.05%
NRIX	D	0.05%
ARCB	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
KLG	C	0.05%
ACEL	C	0.05%
TMDX	F	0.05%
WNC	C	0.05%
JANX	C	0.05%
EMBC	C	0.05%
DOCN	D	0.05%
MLTX	B	0.05%
FLG	C	0.05%
ZEUS	C	0.05%
MLNK	B	0.05%
SMP	B	0.05%
PBI	B	0.05%
PFS	B	0.05%
TWST	D	0.05%
CNMD	C	0.05%
PSMT	C	0.05%
KYMR	D	0.05%
ICHR	C	0.05%
MPW	F	0.05%
XPEL	C	0.05%
PLAY	D	0.05%
OMCL	C	0.05%
SLNO	B	0.05%
CSTL	D	0.05%
TROX	D	0.05%
SAVA	D	0.05%
DGII	B	0.05%
AWR	B	0.05%
ARKO	C	0.05%
REVG	B	0.05%
SBH	C	0.05%
GOGO	C	0.05%
INFA	D	0.05%
HLX	B	0.05%
MODG	F	0.05%
ASAN	C	0.05%
NEO	C	0.05%
PTGX	C	0.05%
INFN	C	0.05%
AMBC	C	0.05%
UAA	C	0.05%
BGC	C	0.05%
EDR	A	0.05%
PRG	C	0.05%
RNG	B	0.05%
WKC	D	0.05%
MMI	B	0.05%
MTTR	B	0.05%
CDE	D	0.05%
CLSK	C	0.05%
ZUO	B	0.05%
GERN	D	0.05%
PDFS	C	0.05%
IART	C	0.05%
AAP	C	0.05%
ELVN	D	0.05%
KROS	D	0.05%
HAYW	B	0.05%
LIVN	F	0.05%
ADUS	D	0.05%
MRC	B	0.05%
LEG	F	0.05%
RUSHA	C	0.05%
VYX	B	0.05%
SPR	D	0.05%
CAR	C	0.05%
LOPE	B	0.05%
GO	C	0.05%
ASTE	B	0.05%
YELP	C	0.05%
UFPT	B	0.05%
XPRO	F	0.05%
MHO	D	0.05%
FFBC	A	0.05%
INVX	C	0.05%
KVYO	C	0.05%
BASE	C	0.05%
VSTS	C	0.05%
CUBI	C	0.05%
MTRN	C	0.05%
DCO	C	0.05%
VERA	B	0.05%
HLIT	D	0.05%
EPR	D	0.05%
NBHC	B	0.05%
NCNO	B	0.05%
KMPR	B	0.05%
DNOW	B	0.05%
TNC	D	0.05%
SLVM	B	0.05%
GEF	A	0.05%
SKY	A	0.05%
DLX	B	0.05%
IDYA	F	0.05%
CLNE	D	0.05%
VRNT	C	0.05%
RBBN	C	0.05%
EXPO	D	0.05%
JBGS	D	0.05%
PNTG	D	0.05%
VRRM	D	0.05%
CECO	A	0.05%
AORT	B	0.05%
CRAI	B	0.05%
JWN	C	0.05%
RAMP	C	0.05%
FL	F	0.05%
COOP	B	0.05%
VRTS	B	0.05%
VITL	D	0.05%
MOV	C	0.05%
SMPL	B	0.05%
ROCK	C	0.05%
ARQT	C	0.05%
PD	C	0.05%
NUVL	D	0.05%
GEF	A	0.05%
CAKE	C	0.05%
FLGT	F	0.04%
OMI	F	0.04%
NEP	F	0.04%
FOXF	F	0.04%
BKD	D	0.04%
ARCT	F	0.04%
RXRX	F	0.04%
JAMF	F	0.04%
CAL	D	0.04%
GPRE	F	0.04%
RCUS	F	0.04%
CRI	D	0.04%
SNDX	F	0.04%
FORM	D	0.04%
MMS	F	0.04%
CLW	F	0.04%
PENG	D	0.04%
IMVT	F	0.04%
NABL	F	0.04%
COUR	F	0.04%
SHC	F	0.04%
XRX	F	0.04%
CLDX	F	0.04%
EGY	D	0.04%
QS	F	0.04%
SIBN	F	0.04%
MLKN	D	0.04%
APGE	F	0.04%
HOUS	D	0.04%
PLUG	F	0.04%
CXM	C	0.04%
SPT	C	0.04%
PGNY	F	0.04%
BBIO	F	0.04%
DK	C	0.04%
AMC	C	0.04%
COGT	D	0.04%
QDEL	F	0.04%
DYN	F	0.04%
MTUS	C	0.04%
ASH	D	0.04%
LESL	C	0.04%
IONS	F	0.04%
PLRX	F	0.04%
TNDM	F	0.04%
NUVB	C	0.04%
IVR	F	0.04%
EWCZ	F	0.04%
MEI	D	0.04%
HL	D	0.04%
KSS	F	0.04%
GRBK	D	0.04%
OSCR	D	0.04%
ETNB	C	0.04%
ESTA	D	0.04%
BEAM	D	0.04%
RKT	F	0.04%
AMN	F	0.04%
HZO	D	0.04%
NVCR	C	0.04%
NEOG	F	0.04%
CWT	D	0.04%
EPC	D	0.04%
AHH	D	0.04%
SWTX	C	0.04%
ARLO	C	0.04%
UCB	A	0.04%
THRM	D	0.04%
KRYS	B	0.04%
BRZE	C	0.04%
PRAA	C	0.04%
ARWR	F	0.04%
MEG	F	0.03%
ANAB	F	0.03%
TXG	F	0.03%
HPP	F	0.03%
NVAX	F	0.03%
SITC	D	0.03%
RCKT	F	0.03%
CGEM	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
CDNA	D	0.03%
BRY	F	0.03%
KELYA	F	0.03%
APLS	D	0.03%
ETWO	F	0.03%
ALEC	F	0.03%
SVRA	D	0.03%
CRMT	C	0.03%
STAA	F	0.03%
PHAT	F	0.03%
CCRN	F	0.03%
PRTA	F	0.03%
MQ	F	0.03%
NTLA	F	0.03%
JELD	F	0.03%
AGL	F	0.02%
MC	C	0.02%
SEDG	F	0.02%
NOVA	F	0.02%
ASPN	F	0.02%
VSAT	F	0.02%
DEI	B	0.02%
WOLF	F	0.02%
KURA	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 312 Positions Relative to AVMC

Symbol	Grade	Weight
RCL	A	-0.94%
VST	B	-0.92%
APP	B	-0.81%
URI	B	-0.75%
TRGP	B	-0.73%
VRT	B	-0.72%
DFS	B	-0.64%
HIG	B	-0.63%
DAL	C	-0.62%
TPL	A	-0.59%
CMI	A	-0.57%
MTB	A	-0.55%
IT	C	-0.55%
GLW	B	-0.55%
ACGL	D	-0.54%
FITB	A	-0.53%
COIN	C	-0.53%
MLM	B	-0.52%
RJF	A	-0.52%
CCL	B	-0.52%
HWM	A	-0.51%
UAL	A	-0.51%
PHM	D	-0.5%
FIS	C	-0.5%
VMC	B	-0.5%
EA	A	-0.48%
GRMN	B	-0.48%
FCNCA	A	-0.47%
DECK	A	-0.47%
DD	D	-0.46%
SYF	B	-0.46%
ON	D	-0.46%
IR	B	-0.46%
CBRE	B	-0.45%
DVN	F	-0.45%
EME	C	-0.44%
HPE	B	-0.44%
MSTR	C	-0.44%
PEG	A	-0.44%
STT	A	-0.43%
LPLA	A	-0.42%
ROK	B	-0.42%
TROW	B	-0.41%
SYY	B	-0.41%
HBAN	A	-0.41%
RMD	C	-0.41%
STLD	B	-0.4%
CSL	C	-0.4%
RF	A	-0.4%
NTAP	C	-0.4%
PPG	F	-0.4%
CDW	F	-0.4%
KEYS	A	-0.39%
DOV	A	-0.39%
VEEV	C	-0.39%
TSCO	D	-0.38%
CSGP	D	-0.38%
GEHC	F	-0.38%
PKG	A	-0.38%
BR	A	-0.38%
NDAQ	A	-0.38%
LYB	F	-0.37%
EFX	F	-0.37%
MKL	A	-0.37%
CHD	B	-0.37%
WAB	B	-0.37%
ETR	B	-0.36%
LII	A	-0.36%
BLDR	D	-0.35%
WST	C	-0.35%
WSM	B	-0.35%
EQT	B	-0.35%
NTRS	A	-0.35%
JBL	B	-0.35%
HUBB	B	-0.35%
DOW	F	-0.34%
CPAY	A	-0.34%
A	D	-0.34%
MRO	B	-0.34%
EXPE	B	-0.34%
CINF	A	-0.34%
CTRA	B	-0.34%
BAH	F	-0.33%
OC	A	-0.33%
K	A	-0.32%
CFG	B	-0.32%
IP	B	-0.32%
ED	D	-0.31%
WAT	B	-0.31%
PFG	D	-0.31%
STE	F	-0.31%
DRI	B	-0.31%
EXPD	D	-0.31%
XEL	A	-0.31%
RS	B	-0.3%
EBAY	D	-0.3%
XYL	D	-0.3%
CF	B	-0.3%
BBY	D	-0.3%
ATO	A	-0.29%
SNA	A	-0.29%
UTHR	C	-0.29%
MANH	D	-0.29%
EQH	B	-0.29%
KEY	B	-0.29%
FDS	B	-0.29%
BIIB	F	-0.29%
CBOE	B	-0.29%
MOH	F	-0.29%
OVV	B	-0.28%
LUV	C	-0.28%
RPM	A	-0.28%
LDOS	C	-0.28%
SQ	B	-0.28%
WRB	A	-0.27%
ZM	B	-0.26%
JBHT	C	-0.26%
FSLR	F	-0.26%
TXT	D	-0.26%
CLX	B	-0.25%
TER	D	-0.25%
GDDY	A	-0.25%
VTRS	A	-0.25%
BRO	B	-0.25%
LH	C	-0.25%
BALL	D	-0.25%
PSTG	D	-0.25%
AVY	D	-0.24%
TWLO	A	-0.24%
GIS	D	-0.24%
L	A	-0.24%
EG	C	-0.24%
PINS	D	-0.24%
MPWR	F	-0.24%
FNF	B	-0.24%
GGG	B	-0.24%
PPL	B	-0.23%
PNR	A	-0.23%
ALGN	D	-0.23%
WSO	A	-0.23%
NRG	B	-0.23%
WBD	C	-0.22%
AWK	D	-0.22%
FOXA	B	-0.22%
APTV	D	-0.22%
IEX	B	-0.22%
TSN	B	-0.22%
EMN	D	-0.21%
AKAM	D	-0.21%
POOL	C	-0.21%
SWKS	F	-0.21%
KMX	B	-0.21%
FFIV	B	-0.21%
AEE	A	-0.2%
DTE	C	-0.2%
ULTA	F	-0.2%
TW	A	-0.2%
KVUE	A	-0.2%
ZBH	C	-0.2%
OMC	C	-0.19%
ADM	D	-0.19%
WEC	A	-0.19%
HOLX	D	-0.19%
JKHY	D	-0.19%
PFGC	B	-0.19%
CG	A	-0.19%
GPC	D	-0.19%
SSNC	B	-0.19%
AMCR	D	-0.19%
AIZ	A	-0.18%
ALLY	C	-0.18%
ALLE	D	-0.18%
J	F	-0.18%
CMS	C	-0.18%
ERIE	D	-0.18%
ALB	C	-0.18%
MLI	C	-0.18%
TAP	C	-0.18%
IFF	D	-0.18%
NBIX	C	-0.18%
ROL	B	-0.18%
ACM	A	-0.18%
PAYC	B	-0.17%
AFG	A	-0.17%
NWSA	B	-0.17%
INCY	C	-0.17%
BURL	A	-0.17%
HSY	F	-0.17%
CTSH	B	-0.16%
UFPI	B	-0.16%
SEIC	B	-0.16%
BSY	D	-0.16%
EXEL	B	-0.16%
BMRN	D	-0.16%
EPAM	C	-0.16%
TTWO	A	-0.16%
FBIN	D	-0.15%
AOS	F	-0.15%
MKC	D	-0.15%
CNC	D	-0.15%
CCK	C	-0.15%
PWR	A	-0.15%
UHS	D	-0.15%
ILMN	D	-0.14%
ROKU	D	-0.14%
Z	A	-0.14%
CTVA	C	-0.14%
HLNE	B	-0.14%
CHRW	C	-0.14%
MTDR	B	-0.14%
KEX	C	-0.13%
MRNA	F	-0.13%
APA	D	-0.13%
DG	F	-0.13%
LNT	A	-0.13%
TECH	D	-0.13%
EVRG	A	-0.13%
EIX	B	-0.13%
RIVN	F	-0.13%
NVR	D	-0.13%
CTLT	B	-0.13%
DINO	D	-0.13%
LYV	A	-0.13%
BAX	D	-0.13%
DVA	B	-0.12%
RBC	A	-0.12%
HRL	D	-0.12%
FE	C	-0.12%
KR	B	-0.12%
NI	A	-0.12%
DKS	C	-0.12%
SKX	D	-0.12%
LW	C	-0.12%
AXON	A	-0.12%
PNW	B	-0.12%
ALV	C	-0.12%
CHRD	D	-0.11%
UHAL	D	-0.11%
ES	D	-0.11%
IPG	D	-0.11%
OGE	B	-0.11%
DXCM	D	-0.11%
MAS	D	-0.11%
GNTX	C	-0.11%
DLTR	F	-0.11%
PB	A	-0.1%
KNX	B	-0.1%
HII	D	-0.1%
MOS	F	-0.1%
EXC	C	-0.1%
FOX	A	-0.1%
FANG	D	-0.1%
G	B	-0.09%
JNPR	F	-0.09%
QRVO	F	-0.09%
BEN	C	-0.09%
IDXX	F	-0.09%
RPRX	D	-0.09%
ESAB	B	-0.09%
TFX	F	-0.08%
WLK	D	-0.08%
CPB	D	-0.08%
MKTX	D	-0.08%
TKR	D	-0.08%
AES	F	-0.08%
BIO	D	-0.08%
TTC	D	-0.08%
IQV	D	-0.08%
CNP	B	-0.08%
MGY	A	-0.08%
SW	A	-0.07%
PTC	A	-0.07%
LULU	C	-0.07%
NEU	C	-0.07%
OLN	D	-0.07%
GFS	C	-0.06%
NWS	B	-0.06%
H	B	-0.06%
ENPH	F	-0.05%
PAG	B	-0.05%
AMKR	D	-0.05%
ENTG	D	-0.05%
MGM	D	-0.04%
ADTN	A	-0.04%
PARA	C	-0.04%
BOKF	B	-0.04%
IDA	A	-0.04%
CACC	D	-0.03%
PPC	C	-0.03%
CELH	F	-0.03%
ZG	A	-0.03%
DDS	B	-0.03%
TRMB	B	-0.03%
EL	F	-0.02%
SMCI	F	-0.02%
CNA	B	-0.02%
MSM	C	-0.02%
LANC	C	-0.02%
VAL	D	-0.01%
LKQ	D	-0.01%
PII	D	-0.01%
SAIC	F	-0.01%
UHAL	D	-0.01%
QLYS	C	-0.01%
ACT	D	-0.01%
AGR	B	-0.01%
NFE	D	-0.0%
FRHC	B	-0.0%
RIG	D	-0.0%
IGT	F	-0.0%
FIZZ	C	-0.0%
REYN	D	-0.0%