ESML vs. EBIT ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Harbor AlphaEdge Small Cap Earners ETF (EBIT)

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

$43.40

Average Daily Volume

104,060

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

EBIT

Harbor AlphaEdge Small Cap Earners ETF

EBIT Description

The fund invests at least 80% of its total assets in securities that are included in the Index. The index is designed to deliver exposure to equity securities of small cap U.S. companies that are profitable, or "small cap earners," based on the index provider"s methodology.

Grade (RS Rating)

Last Trade

$34.62

Average Daily Volume

2,715

Number of Holdings ^*

651

* may have additional holdings in another (foreign) market

Performance

Period	ESML	EBIT
30 Days	1.54%	2.00%
60 Days	3.53%	2.64%
90 Days	8.70%	8.15%
12 Months	29.26%

241 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in EBIT	Overlap
ABCB	B	0.11%	0.25%	0.11%
ABG	B	0.12%	0.52%	0.12%
ABM	B	0.09%	0.18%	0.09%
ACA	A	0.14%	0.16%	0.14%
ACIW	B	0.16%	0.2%	0.16%
AEO	F	0.08%	0.12%	0.08%
AIT	A	0.13%	0.31%	0.13%
ALG	C	0.08%	0.1%	0.08%
AMAL	B	0.1%	0.11%	0.1%
AMBC	C	0.05%	0.16%	0.05%
AMN	F	0.04%	0.08%	0.04%
AMWD	B	0.08%	0.06%	0.06%
ANDE	C	0.06%	0.12%	0.06%
ANF	C	0.15%	0.17%	0.15%
APAM	A	0.1%	0.24%	0.1%
ARCB	C	0.05%	0.12%	0.05%
ARKO	D	0.05%	0.08%	0.05%
AROC	A	0.1%	0.19%	0.1%
ASB	B	0.17%	0.25%	0.17%
ASGN	F	0.14%	0.17%	0.14%
ATEN	A	0.06%	0.07%	0.06%
ATKR	C	0.09%	0.32%	0.09%
AUB	A	0.11%	0.17%	0.11%
AVA	C	0.19%	0.15%	0.15%
AVNT	B	0.07%	0.25%	0.07%
AWR	A	0.05%	0.12%	0.05%
AXL	C	0.05%	0.11%	0.05%
BANR	A	0.18%	0.19%	0.18%
BCC	A	0.16%	0.42%	0.16%
BDC	B	0.2%	0.24%	0.2%
BECN	A	0.14%	0.28%	0.14%
BKD	F	0.04%	0.06%	0.04%
BKU	A	0.06%	0.21%	0.06%
BNL	D	0.05%	0.14%	0.05%
BOH	B	0.08%	0.2%	0.08%
BOOT	C	0.06%	0.14%	0.06%
BXMT	D	0.08%	0.54%	0.08%
CABO	C	0.13%	0.24%	0.13%
CAC	B	0.1%	0.1%	0.1%
CADE	B	0.15%	0.23%	0.15%
CAL	F	0.04%	0.1%	0.04%
CALM	A	0.06%	0.3%	0.06%
CALX	F	0.05%	0.03%	0.03%
CBT	C	0.13%	0.31%	0.13%
CBU	B	0.06%	0.18%	0.06%
CCOI	B	0.1%	0.26%	0.1%
CCRN	F	0.03%	0.06%	0.03%
CCS	F	0.06%	0.2%	0.06%
CDP	C	0.21%	0.14%	0.14%
CHX	C	0.17%	0.22%	0.17%
CLW	F	0.04%	0.03%	0.03%
CMC	B	0.22%	0.54%	0.22%
CNO	A	0.2%	0.38%	0.2%
COOP	B	0.05%	0.79%	0.05%
CRAI	B	0.05%	0.07%	0.05%
CRC	A	0.1%	0.35%	0.1%
CRMT	F	0.03%	0.02%	0.02%
CRS	A	0.15%	0.06%	0.06%
CUBI	B	0.05%	0.16%	0.05%
CVBF	A	0.12%	0.19%	0.12%
CVLT	B	0.22%	0.05%	0.05%
CWK	B	0.07%	0.23%	0.07%
DEI	B	0.02%	0.17%	0.02%
DK	D	0.04%	0.12%	0.04%
DNOW	B	0.05%	0.07%	0.05%
DY	C	0.1%	0.15%	0.1%
ECPG	B	0.11%	0.16%	0.11%
EFSC	B	0.11%	0.16%	0.11%
EMBC	C	0.05%	0.14%	0.05%
ENSG	D	0.2%	0.21%	0.2%
EPC	D	0.04%	0.15%	0.04%
EPRT	C	0.18%	0.17%	0.17%
ESNT	D	0.07%	0.39%	0.07%
EVRI	A	0.08%	0.14%	0.08%
EWCZ	D	0.05%	0.01%	0.01%
EXLS	B	0.23%	0.18%	0.18%
FA	D	0.1%	0.08%	0.08%
FBP	B	0.2%	0.21%	0.2%
FELE	B	0.22%	0.21%	0.21%
FFBC	A	0.05%	0.18%	0.05%
FFIN	A	0.06%	0.19%	0.06%
FIBK	A	0.15%	0.19%	0.15%
FL	F	0.06%	0.15%	0.06%
FLGT	F	0.04%	0.1%	0.04%
FN	C	0.17%	0.16%	0.16%
FORM	F	0.04%	0.06%	0.04%
FOXF	F	0.04%	0.06%	0.04%
FTDR	B	0.22%	0.2%	0.2%
FUL	F	0.1%	0.23%	0.1%
FULT	A	0.12%	0.21%	0.12%
GATX	A	0.17%	0.25%	0.17%
GBCI	A	0.3%	0.23%	0.23%
GEF	B	0.05%	0.28%	0.05%
GEF	B	0.05%	0.28%	0.05%
GOGO	C	0.05%	0.05%	0.05%
GPI	B	0.19%	0.57%	0.19%
GRBK	D	0.04%	0.18%	0.04%
GT	C	0.07%	0.21%	0.07%
GTLS	A	0.14%	0.13%	0.13%
HAE	B	0.12%	0.09%	0.09%
HAFC	A	0.07%	0.13%	0.07%
HALO	D	0.11%	0.17%	0.11%
HASI	F	0.1%	0.13%	0.1%
HBI	A	0.07%	0.29%	0.07%
HCC	B	0.05%	0.29%	0.05%
HELE	C	0.06%	0.13%	0.06%
HGV	C	0.07%	0.27%	0.07%
HI	C	0.07%	0.15%	0.07%
HPP	F	0.04%	0.03%	0.03%
HQY	A	0.16%	0.06%	0.06%
HRI	B	0.24%	0.37%	0.24%
HWC	B	0.09%	0.32%	0.09%
HZO	F	0.05%	0.09%	0.05%
IART	C	0.05%	0.1%	0.05%
IBOC	A	0.06%	0.24%	0.06%
IBP	F	0.09%	0.12%	0.09%
IESC	B	0.08%	0.14%	0.08%
INDB	A	0.08%	0.17%	0.08%
JELD	F	0.03%	0.06%	0.03%
JXN	B	0.14%	1.74%	0.14%
KBH	D	0.2%	0.36%	0.2%
KFY	B	0.09%	0.21%	0.09%
KLG	D	0.05%	0.05%	0.05%
KLIC	C	0.13%	0.14%	0.13%
KNF	B	0.13%	0.14%	0.13%
KNTK	A	0.18%	0.26%	0.18%
KOS	D	0.12%	0.14%	0.12%
KREF	D	0.06%	0.17%	0.06%
KTB	A	0.16%	0.24%	0.16%
LCII	D	0.1%	0.17%	0.1%
LESL	C	0.04%	0.09%	0.04%
LNN	B	0.08%	0.05%	0.05%
LNTH	F	0.1%	0.07%	0.07%
LXP	D	0.06%	0.14%	0.06%
MAC	A	0.08%	0.08%	0.08%
MBUU	C	0.06%	0.08%	0.06%
MC	B	0.02%	0.15%	0.02%
MHO	D	0.05%	0.25%	0.05%
MMI	B	0.05%	0.06%	0.05%
MMS	D	0.04%	0.19%	0.04%
MNRO	B	0.05%	0.07%	0.05%
MOD	C	0.15%	0.11%	0.11%
MODG	F	0.05%	0.06%	0.05%
MOG.A	B	0.24%	0.24%	0.24%
MOV	C	0.06%	0.05%	0.05%
MTH	D	0.17%	0.43%	0.17%
MTRN	C	0.06%	0.07%	0.06%
MUR	D	0.13%	0.42%	0.13%
MYRG	C	0.16%	0.08%	0.08%
NEOG	D	0.04%	0.02%	0.02%
NJR	A	0.21%	0.27%	0.21%
NMIH	D	0.09%	0.21%	0.09%
NSIT	F	0.13%	0.16%	0.13%
OGS	A	0.31%	0.22%	0.22%
OMI	F	0.04%	0.07%	0.04%
ONB	B	0.19%	0.28%	0.19%
OPCH	F	0.09%	0.13%	0.09%
OUT	A	0.07%	0.07%	0.07%
PAHC	B	0.06%	0.07%	0.06%
PBF	D	0.06%	0.87%	0.06%
PCH	D	0.17%	0.14%	0.14%
PDCO	D	0.13%	0.12%	0.12%
PEB	F	0.06%	0.2%	0.06%
PFS	A	0.05%	0.15%	0.05%
PFSI	D	0.1%	0.49%	0.1%
PGNY	F	0.04%	0.01%	0.01%
PIPR	A	0.08%	0.22%	0.08%
PLAY	C	0.06%	0.14%	0.06%
PLMR	A	0.08%	0.08%	0.08%
PLOW	D	0.05%	0.06%	0.05%
POWL	C	0.09%	0.08%	0.08%
PPBI	B	0.06%	0.15%	0.06%
PRAA	C	0.05%	0.11%	0.05%
PRG	B	0.05%	0.15%	0.05%
PRGS	B	0.24%	0.09%	0.09%
PRIM	A	0.14%	0.19%	0.14%
RDN	D	0.09%	0.4%	0.09%
REVG	B	0.05%	0.09%	0.05%
REZI	A	0.23%	0.26%	0.23%
RHP	B	0.19%	0.21%	0.19%
ROCK	C	0.06%	0.09%	0.06%
ROG	D	0.07%	0.09%	0.07%
RUSHA	B	0.05%	0.27%	0.05%
SASR	A	0.08%	0.16%	0.08%
SBH	A	0.05%	0.21%	0.05%
SEM	B	0.07%	0.29%	0.07%
SFBS	B	0.06%	0.18%	0.06%
SFM	B	0.43%	0.28%	0.28%
SHOO	D	0.11%	0.17%	0.11%
SIG	C	0.1%	0.35%	0.1%
SIGI	B	0.29%	0.25%	0.25%
SJW	F	0.09%	0.09%	0.09%
SKY	A	0.05%	0.21%	0.05%
SLVM	B	0.05%	0.26%	0.05%
SM	C	0.06%	0.49%	0.06%
SONO	C	0.07%	0.04%	0.04%
SR	A	0.14%	0.25%	0.14%
SSB	B	0.27%	0.3%	0.27%
STAA	F	0.03%	0.02%	0.02%
STC	A	0.08%	0.14%	0.08%
STRL	B	0.13%	0.16%	0.13%
SUM	B	0.28%	0.25%	0.25%
SWX	A	0.13%	0.18%	0.13%
TALO	C	0.06%	0.12%	0.06%
TBBK	A	0.08%	0.15%	0.08%
TDS	B	0.08%	0.11%	0.08%
TEX	D	0.08%	0.19%	0.08%
TGI	A	0.06%	0.1%	0.06%
TGNA	B	0.2%	0.47%	0.2%
TMHC	B	0.17%	0.51%	0.17%
TNET	F	0.08%	0.24%	0.08%
TPH	D	0.14%	0.26%	0.14%
TRN	A	0.1%	0.21%	0.1%
TROX	F	0.04%	0.14%	0.04%
UBSI	A	0.17%	0.23%	0.17%
UCB	A	0.04%	0.19%	0.04%
UFPT	C	0.05%	0.04%	0.04%
UMBF	B	0.27%	0.33%	0.27%
UNIT	B	0.08%	0.32%	0.08%
VBTX	B	0.06%	0.14%	0.06%
VC	F	0.1%	0.08%	0.08%
VCTR	B	0.07%	0.24%	0.07%
VECO	F	0.1%	0.05%	0.05%
VITL	F	0.05%	0.02%	0.02%
VLY	A	0.15%	0.42%	0.15%
VREX	C	0.06%	0.03%	0.03%
VRNT	D	0.06%	0.05%	0.05%
VRRM	F	0.06%	0.09%	0.06%
VRTS	B	0.06%	0.19%	0.06%
VSCO	A	0.07%	0.45%	0.07%
VSEC	B	0.08%	0.06%	0.06%
VYX	C	0.05%	0.2%	0.05%
WD	D	0.06%	0.16%	0.06%
WERN	B	0.12%	0.16%	0.12%
WGO	C	0.12%	0.17%	0.12%
WNC	C	0.05%	0.08%	0.05%
WTS	A	0.21%	0.25%	0.21%
XHR	B	0.07%	0.06%	0.06%
YELP	C	0.05%	0.06%	0.05%
ZD	B	0.08%	0.15%	0.08%
ZEUS	C	0.05%	0.05%	0.05%

ESML Overweight 663 Positions Relative to EBIT

Symbol	Grade	Weight
CASY	B	0.52%
JHG	A	0.51%
USFD	B	0.49%
CVNA	A	0.48%
GWRE	A	0.43%
INGR	B	0.42%
EWBC	A	0.4%
FIX	A	0.38%
NTNX	B	0.36%
KBR	D	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	C	0.34%
MUSA	A	0.34%
FLEX	B	0.33%
XPO	B	0.33%
IBKR	A	0.32%
FRT	C	0.31%
REXR	F	0.31%
NTRA	B	0.31%
OSK	B	0.3%
BWXT	A	0.3%
BMI	C	0.3%
RGA	A	0.3%
PNFP	A	0.3%
SNV	B	0.3%
TPR	A	0.29%
EHC	B	0.29%
RGLD	A	0.29%
R	B	0.29%
CNX	A	0.28%
DTM	A	0.28%
COHR	C	0.28%
SAIA	C	0.28%
ITT	A	0.28%
SCI	A	0.27%
TOL	B	0.27%
AVT	C	0.27%
WBS	A	0.27%
AXTA	A	0.27%
BLD	F	0.26%
GPK	D	0.26%
ALSN	A	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	D	0.24%
IVZ	B	0.24%
ATR	B	0.24%
NCLH	B	0.24%
AFRM	A	0.23%
CBSH	A	0.23%
ARMK	C	0.23%
PRI	A	0.23%
AWI	B	0.23%
ALK	A	0.23%
CW	B	0.23%
FHN	A	0.23%
THC	C	0.23%
MTG	C	0.23%
SOFI	A	0.22%
CNM	C	0.22%
LAD	A	0.22%
GNRC	B	0.22%
WAL	B	0.22%
AR	B	0.22%
EGP	D	0.21%
CMA	B	0.21%
CACI	C	0.21%
WMS	F	0.21%
INSM	D	0.21%
PCVX	D	0.21%
ONTO	F	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
RHI	C	0.21%
GME	C	0.21%
ITRI	B	0.2%
HOG	D	0.2%
FND	F	0.2%
LECO	C	0.2%
KNSL	B	0.2%
WHR	A	0.2%
PLNT	A	0.2%
MTN	C	0.2%
CUBE	C	0.2%
OMF	A	0.2%
NFG	A	0.2%
PCTY	B	0.2%
ZION	A	0.2%
BHLB	B	0.2%
RLI	A	0.2%
HHH	B	0.2%
WK	B	0.2%
BFAM	F	0.2%
ZWS	B	0.2%
PR	B	0.19%
AMG	A	0.19%
WING	F	0.19%
CIEN	B	0.19%
FCN	F	0.19%
LUMN	C	0.19%
HAS	D	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	F	0.19%
OHI	C	0.19%
SNDR	B	0.19%
DAR	B	0.19%
FRPT	B	0.19%
AA	A	0.19%
NOVT	D	0.19%
WWD	B	0.19%
CR	B	0.19%
NVT	C	0.19%
SF	A	0.18%
SRPT	F	0.18%
NYT	D	0.18%
BWA	B	0.18%
SPXC	B	0.18%
THG	A	0.18%
GKOS	B	0.18%
MORN	B	0.18%
DUOL	B	0.18%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
AEIS	B	0.17%
LAZ	B	0.17%
BERY	C	0.17%
PCOR	C	0.17%
PEN	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
VVV	B	0.17%
LPX	A	0.17%
MSA	D	0.17%
WSC	F	0.17%
MTZ	B	0.17%
DLB	D	0.16%
RGEN	F	0.16%
BRX	A	0.16%
DBX	C	0.16%
TTEK	F	0.16%
FAF	C	0.16%
EAT	A	0.16%
TNL	A	0.16%
SPSC	F	0.16%
TKO	C	0.16%
SLM	A	0.16%
BHE	B	0.16%
JAZZ	B	0.16%
SITE	D	0.16%
FLS	A	0.16%
ELAN	D	0.16%
GXO	B	0.16%
VOYA	A	0.16%
PVH	C	0.16%
CFLT	B	0.15%
ECG	C	0.15%
WH	B	0.15%
MEDP	D	0.15%
CRUS	F	0.15%
CROX	F	0.15%
CPF	A	0.15%
MMSI	A	0.15%
FSS	B	0.15%
AM	A	0.15%
VNT	C	0.15%
NOV	D	0.15%
LSCC	D	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	B	0.15%
WFRD	F	0.15%
GTLB	C	0.15%
PINC	B	0.14%
OZK	A	0.14%
HXL	F	0.14%
X	C	0.14%
CHDN	C	0.14%
ESI	B	0.14%
LFUS	D	0.14%
CHE	D	0.14%
RYAN	B	0.14%
SMAR	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
BILL	A	0.14%
IDCC	A	0.14%
TPX	A	0.14%
CZR	F	0.14%
ATI	D	0.14%
FMC	F	0.14%
AVAV	C	0.13%
M	D	0.13%
HESM	A	0.13%
BRKR	F	0.13%
EPAC	B	0.13%
CAVA	C	0.13%
MAT	D	0.13%
FYBR	C	0.13%
LRN	A	0.13%
ORI	A	0.13%
ITGR	B	0.13%
CYTK	D	0.13%
AZEK	B	0.13%
CPK	A	0.13%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
VMI	B	0.13%
ELF	C	0.13%
COLB	B	0.13%
AGCO	D	0.13%
HIW	D	0.13%
AGNC	C	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	F	0.12%
IRDM	D	0.12%
QTWO	B	0.12%
RKLB	B	0.12%
WHD	B	0.12%
BLKB	C	0.12%
S	C	0.12%
GL	B	0.12%
CRDO	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	B	0.12%
GAP	C	0.12%
CSGS	B	0.11%
PEGA	B	0.11%
PATH	D	0.11%
TXRH	B	0.11%
JEF	A	0.11%
DXC	D	0.11%
ORA	B	0.11%
KRC	C	0.11%
GMED	A	0.11%
VKTX	F	0.11%
LYFT	B	0.11%
XENE	D	0.11%
WDFC	B	0.11%
CRNX	C	0.11%
APPF	C	0.11%
SON	D	0.11%
ADC	A	0.11%
MRCY	B	0.11%
LBRDA	C	0.11%
KAR	A	0.11%
RXO	C	0.1%
CFR	B	0.1%
NWL	B	0.1%
TDC	F	0.1%
ERII	D	0.1%
PJT	B	0.1%
SCL	D	0.1%
RVMD	B	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	D	0.1%
ALKS	C	0.1%
SSD	D	0.1%
DV	C	0.1%
STWD	C	0.1%
NXT	C	0.1%
SLG	B	0.1%
ETSY	D	0.1%
BHVN	C	0.1%
DNLI	C	0.1%
DRS	B	0.1%
LITE	B	0.1%
FLR	B	0.1%
TRNO	D	0.1%
AL	A	0.1%
RDUS	C	0.1%
RDNT	B	0.1%
KD	A	0.1%
CGNX	D	0.1%
ALTM	C	0.1%
PSN	C	0.1%
FIVE	F	0.1%
LEA	F	0.1%
VNO	C	0.09%
OGN	F	0.09%
AMED	F	0.09%
RNA	C	0.09%
UPST	B	0.09%
U	F	0.09%
ARW	D	0.09%
CNK	A	0.09%
WEN	C	0.09%
POST	D	0.09%
SHAK	B	0.09%
MGRC	B	0.09%
FR	D	0.09%
CURB	D	0.09%
SLAB	F	0.09%
ZI	D	0.09%
MTSI	B	0.09%
ESE	A	0.09%
NXST	D	0.09%
RL	B	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	C	0.09%
IMAX	B	0.09%
LNC	B	0.09%
ACHC	F	0.09%
AVPT	A	0.08%
SBRA	C	0.08%
ICUI	D	0.08%
OLED	F	0.08%
KTOS	C	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
BL	C	0.08%
TILE	B	0.08%
SPB	C	0.08%
IOSP	C	0.08%
ACLX	C	0.08%
SNX	C	0.08%
CRSP	D	0.08%
BPOP	D	0.08%
INTA	B	0.08%
ST	F	0.08%
PLYA	B	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
CHWY	B	0.08%
INSP	F	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%
JBT	A	0.08%
DOCS	B	0.08%
GVA	A	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	C	0.07%
SKT	A	0.07%
EE	A	0.07%
GBX	A	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	A	0.07%
CWEN	C	0.07%
WU	F	0.07%
ESRT	D	0.07%
SEE	D	0.07%
PECO	A	0.07%
COLM	B	0.07%
TREX	C	0.07%
GTES	A	0.07%
BDN	D	0.07%
VVX	C	0.07%
ENR	A	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%
HWKN	B	0.07%
GH	B	0.07%
BROS	A	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
BC	D	0.07%
CTS	B	0.07%
WTFC	A	0.07%
WRBY	A	0.07%
AN	D	0.07%
PI	D	0.07%
SXT	C	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	A	0.07%
PAR	A	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
CBZ	B	0.06%
CAR	C	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	C	0.06%
AAP	C	0.06%
TMCI	C	0.06%
DLX	A	0.06%
CLSK	C	0.06%
IRON	C	0.06%
PRO	C	0.06%
DCO	B	0.06%
VERA	B	0.06%
RBBN	B	0.06%
SATS	D	0.06%
W	D	0.06%
PTCT	C	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
COKE	D	0.06%
JWN	C	0.06%
POWI	D	0.06%
CMCO	C	0.06%
CHH	A	0.06%
TGTX	C	0.06%
CWAN	C	0.06%
TDOC	C	0.06%
EXP	B	0.06%
CLH	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	D	0.06%
CMP	B	0.06%
MGNI	B	0.06%
AGO	A	0.06%
CAKE	B	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
FROG	C	0.06%
PYCR	C	0.06%
CART	C	0.06%
SMTC	C	0.06%
PLUS	F	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%
EYE	C	0.06%
PK	D	0.06%
ADMA	C	0.06%
CLB	C	0.06%
MNKD	B	0.06%
BYD	B	0.06%
AVDX	B	0.06%
VNOM	B	0.06%
FRSH	C	0.06%
KE	C	0.06%
ENV	B	0.06%
FUN	B	0.06%
VRNS	F	0.06%
CLF	F	0.06%
MRUS	D	0.06%
FOUR	A	0.06%
MAN	F	0.06%
VRDN	C	0.06%
VERX	B	0.06%
PDM	D	0.06%
MASI	B	0.06%
UPBD	C	0.06%
RH	C	0.06%
VVI	B	0.06%
COMP	B	0.06%
OII	B	0.06%
PAYO	A	0.06%
BANC	B	0.06%
NARI	B	0.06%
SWTX	C	0.05%
RXST	F	0.05%
TWST	F	0.05%
ARVN	D	0.05%
PBI	C	0.05%
NUVB	C	0.05%
THRM	F	0.05%
ETNB	D	0.05%
HLX	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
DOCN	F	0.05%
SHC	D	0.05%
CECO	C	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	F	0.05%
APGE	D	0.05%
CNMD	C	0.05%
VSTS	F	0.05%
FLG	D	0.05%
CDE	C	0.05%
CLVT	F	0.05%
XRAY	F	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
BASE	C	0.05%
MLTX	C	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
ASAN	C	0.05%
MLNK	C	0.05%
MPW	F	0.05%
AI	C	0.05%
KSS	F	0.05%
PTGX	D	0.05%
BEAM	D	0.05%
XPEL	C	0.05%
PGRE	D	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
HAIN	F	0.05%
INFN	D	0.05%
MRC	B	0.05%
SPR	D	0.05%
WKC	D	0.05%
SMP	C	0.05%
LCID	F	0.05%
ELVN	C	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
KYMR	C	0.05%
HAYW	A	0.05%
NEO	C	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
OMCL	C	0.05%
BGC	B	0.05%
JANX	C	0.05%
PDFS	D	0.05%
CSTL	C	0.05%
CC	C	0.05%
TMDX	F	0.05%
BE	B	0.05%
ADUS	D	0.05%
LIVN	C	0.05%
AORT	B	0.05%
SMPL	B	0.05%
KMPR	A	0.05%
EPR	D	0.05%
MDGL	C	0.05%
ASTE	C	0.05%
ARWR	D	0.05%
KVYO	C	0.05%
LOPE	B	0.05%
RNG	C	0.05%
HLIT	F	0.05%
TNC	F	0.05%
ARQT	C	0.05%
NUVL	D	0.05%
LEG	F	0.05%
JBGS	F	0.05%
UAA	B	0.05%
MXL	D	0.05%
NCNO	B	0.05%
COLD	F	0.05%
NBHC	B	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CIVI	C	0.05%
RCKT	F	0.04%
HOUS	D	0.04%
GPRE	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
XRX	F	0.04%
CRI	F	0.04%
QS	F	0.04%
PRTA	F	0.04%
NTLA	F	0.04%
CLDX	F	0.04%
EGY	F	0.04%
ESTA	D	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CXM	C	0.04%
TNDM	F	0.04%
CGEM	F	0.04%
COUR	F	0.04%
SAVA	C	0.04%
SIBN	D	0.04%
SNDX	F	0.04%
MLKN	F	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MTUS	F	0.04%
OSCR	D	0.04%
AMC	F	0.04%
ASH	F	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	D	0.04%
HL	D	0.04%
BBIO	F	0.04%
QDEL	F	0.04%
ARLO	D	0.04%
ALEC	F	0.04%
FLO	D	0.04%
PTEN	C	0.04%
NVCR	D	0.04%
MEI	F	0.04%
IVR	D	0.04%
BRZE	C	0.04%
LGF.A	F	0.04%
CWT	D	0.04%
THS	F	0.04%
KRYS	C	0.04%
RXRX	F	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	C	0.04%
NVAX	F	0.03%
ANAB	F	0.03%
WOLF	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%
APLS	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	D	0.03%
KELYA	F	0.03%
AGL	F	0.02%
NOVA	F	0.02%
VSAT	F	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 411 Positions Relative to EBIT

Symbol	Grade	Weight
NAVI	F	-1.35%
HTZ	C	-0.72%
BTU	B	-0.64%
MATX	B	-0.59%
ABR	B	-0.53%
MLI	B	-0.53%
GNW	A	-0.46%
CRK	A	-0.43%
ACT	D	-0.41%
OI	D	-0.4%
NNI	C	-0.4%
MGY	A	-0.39%
CRGY	A	-0.39%
ARCH	B	-0.39%
AMR	C	-0.38%
NOG	A	-0.36%
IGT	F	-0.36%
BFH	B	-0.36%
ASO	F	-0.35%
UFPI	C	-0.35%
CEIX	A	-0.33%
GEO	A	-0.33%
CMRE	B	-0.31%
GPOR	A	-0.3%
BKH	A	-0.29%
PMT	D	-0.29%
NMRK	A	-0.29%
EAF	B	-0.28%
RWT	D	-0.28%
ADNT	F	-0.27%
CATY	A	-0.27%
PAGS	F	-0.26%
HOMB	A	-0.26%
AGM	B	-0.26%
GMS	B	-0.25%
ENVA	B	-0.25%
CWH	C	-0.25%
SANM	B	-0.25%
RRR	F	-0.25%
GOGL	C	-0.24%
CVI	D	-0.24%
RC	D	-0.24%
STNE	F	-0.24%
POR	C	-0.24%
SAH	B	-0.23%
GHC	B	-0.22%
AX	A	-0.22%
PNM	B	-0.22%
HLNE	B	-0.22%
INVA	C	-0.21%
GTN	F	-0.21%
PATK	C	-0.21%
FG	B	-0.2%
VSH	F	-0.2%
WSFS	A	-0.2%
BCO	F	-0.2%
STNG	F	-0.2%
GLNG	C	-0.19%
HUBG	A	-0.19%
SKYW	B	-0.19%
LADR	B	-0.19%
HTLF	B	-0.19%
NWE	C	-0.19%
RYI	C	-0.19%
ARI	C	-0.19%
SFNC	B	-0.19%
PBH	A	-0.19%
WOR	F	-0.18%
STEP	B	-0.18%
ATSG	A	-0.18%
BANF	B	-0.18%
TCBI	A	-0.18%
KW	C	-0.18%
ATLC	A	-0.18%
VTLE	C	-0.18%
TOWN	B	-0.17%
PTVE	C	-0.17%
PHIN	A	-0.17%
DCOM	A	-0.17%
ALE	A	-0.17%
HOPE	B	-0.17%
BKE	A	-0.17%
BXC	A	-0.17%
UE	B	-0.17%
LBRT	F	-0.17%
OTTR	C	-0.17%
FRME	A	-0.16%
HLF	C	-0.16%
CNS	B	-0.16%
HEES	B	-0.16%
WAFD	B	-0.16%
VSTO	A	-0.16%
INSW	F	-0.16%
CXW	B	-0.16%
APLE	B	-0.16%
WSBC	A	-0.16%
TPB	A	-0.15%
EGBN	B	-0.15%
GDEN	B	-0.15%
LGIH	F	-0.15%
FBK	B	-0.15%
IBTX	B	-0.15%
TGLS	B	-0.15%
MRVI	F	-0.15%
MBIN	F	-0.15%
VEL	A	-0.15%
GOLF	B	-0.15%
EFC	C	-0.14%
SFL	D	-0.14%
IMKTA	C	-0.14%
PLAB	D	-0.14%
ALGT	B	-0.14%
AMCX	C	-0.14%
SGRY	F	-0.14%
CHCO	B	-0.14%
ENS	D	-0.13%
HPK	C	-0.13%
IPAR	C	-0.13%
HOV	F	-0.13%
OFG	B	-0.13%
BBSI	A	-0.13%
CSTM	D	-0.13%
DFH	F	-0.13%
BZH	C	-0.13%
JACK	C	-0.13%
CVCO	B	-0.13%
WLFC	C	-0.13%
CNOB	B	-0.13%
URBN	C	-0.13%
FBNC	B	-0.13%
DIOD	F	-0.13%
VHI	D	-0.13%
PFC	A	-0.12%
LKFN	A	-0.12%
TTMI	B	-0.12%
MD	B	-0.12%
IRT	A	-0.12%
CCO	D	-0.12%
FBRT	C	-0.12%
ESGR	B	-0.12%
SBCF	B	-0.12%
FLNG	C	-0.12%
HP	C	-0.12%
CENT	C	-0.11%
CARG	A	-0.11%
LILAK	F	-0.11%
OLPX	F	-0.11%
CMPO	B	-0.11%
UVV	B	-0.11%
PARR	D	-0.11%
TCBK	A	-0.11%
NHI	D	-0.11%
HSII	B	-0.1%
SMBK	B	-0.1%
JJSF	C	-0.1%
OLP	B	-0.1%
CPSS	B	-0.1%
ARL	F	-0.1%
TCI	D	-0.1%
TRST	A	-0.1%
CCB	A	-0.1%
RES	F	-0.1%
NGVT	B	-0.1%
FOR	F	-0.1%
EBC	A	-0.1%
CSV	B	-0.1%
NHC	B	-0.1%
GOOD	B	-0.1%
INMD	C	-0.1%
PEBO	A	-0.1%
UVSP	B	-0.1%
ASIX	B	-0.1%
WMK	B	-0.1%
DIN	C	-0.1%
NSP	F	-0.1%
CSWI	A	-0.1%
FWRD	D	-0.1%
TWI	F	-0.09%
DAN	F	-0.09%
PSTL	D	-0.09%
OEC	C	-0.09%
MCBS	B	-0.09%
DRH	B	-0.09%
GFF	B	-0.09%
CCSI	B	-0.09%
RBB	B	-0.09%
TRS	D	-0.09%
NAPA	A	-0.09%
BLMN	F	-0.09%
HRMY	D	-0.09%
CBRL	C	-0.09%
HLIO	B	-0.09%
CIO	F	-0.09%
MCW	C	-0.09%
LC	A	-0.09%
CLPR	D	-0.09%
USPH	C	-0.09%
AOSL	D	-0.08%
BCAL	A	-0.08%
BCML	A	-0.08%
MCB	A	-0.08%
ALEX	B	-0.08%
TFIN	B	-0.08%
UTMD	D	-0.08%
SPTN	F	-0.08%
EBF	D	-0.08%
BV	C	-0.08%
CBNK	B	-0.08%
LPG	F	-0.08%
USCB	B	-0.08%
HTLD	B	-0.08%
SGHC	A	-0.08%
IRMD	B	-0.08%
OXM	F	-0.08%
JBSS	F	-0.08%
AVO	B	-0.08%
WTI	F	-0.08%
VIAV	B	-0.08%
LEU	C	-0.08%
SKWD	A	-0.08%
AMRK	F	-0.08%
STGW	B	-0.08%
SCSC	B	-0.08%
REX	C	-0.07%
VLGEA	B	-0.07%
LPRO	C	-0.07%
METC	C	-0.07%
III	C	-0.07%
NRC	F	-0.07%
AGS	A	-0.07%
ACLS	F	-0.07%
KODK	D	-0.07%
TIPT	B	-0.07%
DHC	F	-0.07%
UHT	D	-0.07%
REFI	A	-0.07%
DXPE	B	-0.07%
APOG	B	-0.07%
LOB	A	-0.07%
AGX	C	-0.07%
WSR	A	-0.07%
RVLV	B	-0.07%
LQDT	A	-0.07%
TH	C	-0.07%
STRA	C	-0.07%
SNCY	C	-0.07%
UTZ	D	-0.07%
MFIN	B	-0.07%
MED	F	-0.07%
OSW	B	-0.07%
ITIC	A	-0.07%
HONE	B	-0.07%
LOCO	D	-0.07%
FPI	A	-0.06%
UNTY	A	-0.06%
CBAN	A	-0.06%
ONEW	F	-0.06%
YORW	D	-0.06%
PCB	A	-0.06%
OFLX	C	-0.06%
COLL	F	-0.06%
CTO	B	-0.06%
HVT	D	-0.06%
ACTG	F	-0.06%
ACDC	C	-0.06%
REPX	A	-0.06%
NX	C	-0.06%
MLR	C	-0.06%
GENC	B	-0.06%
RDVT	B	-0.06%
LGTY	B	-0.06%
CSR	B	-0.06%
GIC	F	-0.06%
RM	D	-0.06%
SCS	B	-0.06%
LYTS	A	-0.06%
GRNT	A	-0.06%
TRAK	A	-0.06%
ESSA	B	-0.06%
SCVL	F	-0.06%
GMRE	F	-0.06%
CARE	B	-0.06%
BFC	B	-0.06%
CMPR	F	-0.06%
PRTH	A	-0.05%
PCYO	A	-0.05%
ACMR	F	-0.05%
FORR	D	-0.05%
MAPS	C	-0.05%
CRCT	F	-0.05%
MRAM	D	-0.05%
TTEC	F	-0.05%
GLRE	B	-0.05%
PNRG	A	-0.05%
NREF	A	-0.05%
IIIN	C	-0.05%
NVEC	D	-0.05%
LEGH	D	-0.05%
PLPC	B	-0.05%
SVC	F	-0.05%
GCI	D	-0.05%
AVNS	F	-0.05%
HBCP	B	-0.05%
ACRE	B	-0.05%
PKE	B	-0.05%
HMN	B	-0.05%
PRA	B	-0.05%
UCTT	F	-0.05%
WS	B	-0.05%
FRBA	C	-0.05%
PANL	F	-0.05%
SWKH	F	-0.05%
FNLC	B	-0.05%
HBT	A	-0.05%
NTST	D	-0.05%
BGS	F	-0.05%
BBW	B	-0.05%
BSVN	A	-0.05%
DHT	D	-0.05%
FFWM	C	-0.05%
HCI	C	-0.05%
NATH	B	-0.05%
KFRC	D	-0.05%
GPMT	C	-0.05%
LSEA	F	-0.04%
AMRC	F	-0.04%
ITOS	F	-0.04%
SSTK	F	-0.04%
PFIS	B	-0.04%
MPX	C	-0.04%
ARHS	F	-0.04%
SSBK	A	-0.04%
FWRG	C	-0.04%
FSP	C	-0.04%
RRBI	A	-0.04%
KALU	C	-0.04%
IMMR	F	-0.04%
MG	F	-0.04%
HMST	F	-0.04%
KFS	B	-0.04%
TSBK	B	-0.04%
REI	D	-0.04%
ATLO	C	-0.04%
PINE	D	-0.04%
DENN	C	-0.04%
EGAN	D	-0.04%
TITN	C	-0.04%
CARS	B	-0.04%
BRT	A	-0.04%
SNBR	F	-0.04%
HSTM	B	-0.04%
IDT	B	-0.04%
DBI	F	-0.04%
QUAD	B	-0.04%
MYE	F	-0.04%
ARRY	D	-0.03%
THRY	F	-0.03%
JMSB	B	-0.03%
PBFS	A	-0.03%
IBEX	A	-0.03%
HFFG	C	-0.03%
ALCO	F	-0.03%
GWRS	B	-0.03%
KRT	B	-0.03%
RGP	F	-0.03%
NL	B	-0.03%
MYFW	A	-0.03%
CASS	B	-0.03%
GNTY	A	-0.03%
SHLS	F	-0.03%
HDSN	F	-0.03%
FRPH	A	-0.03%
NUS	C	-0.03%
PLBC	A	-0.03%
SCHL	F	-0.03%
BHR	B	-0.03%
CTOS	B	-0.03%
CLFD	F	-0.03%
AMPY	D	-0.03%
EPM	A	-0.03%
THR	B	-0.03%
OVLY	A	-0.03%
INSE	B	-0.03%
CTRN	F	-0.02%
JRVR	F	-0.02%
RILY	F	-0.02%
DXLG	D	-0.02%
FVCB	C	-0.02%
LCUT	F	-0.02%
JILL	C	-0.02%
CURV	C	-0.02%
NKSH	C	-0.02%
GCBC	B	-0.02%
CHGG	D	-0.02%
TRC	F	-0.02%
NWFL	B	-0.02%
OBT	B	-0.02%
CIX	C	-0.02%
SMLR	B	-0.02%
SHYF	C	-0.02%
BBCP	F	-0.02%
VALU	A	-0.02%
NTIC	C	-0.02%
COFS	A	-0.02%
SLP	F	-0.02%
SIGA	F	-0.02%
VABK	A	-0.02%
TTSH	D	-0.02%
RMNI	C	-0.01%
AVNW	F	-0.01%
HQI	B	-0.01%