ESML vs. QABA ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$41.76

Average Daily Volume

115,886

Number of Holdings ^*

903

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.06

Average Daily Volume

33,235

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

Performance

Period	ESML	QABA
30 Days	2.83%	5.09%
60 Days	2.26%	0.63%
90 Days	9.29%	23.02%
12 Months	25.12%	39.35%

24 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in QABA	Overlap
AMAL	C	1.0%	0.53%	0.53%
BANR	A	1.0%	1.11%	1.0%
CAC	C	1.0%	0.32%	0.32%
CBSH	D	1.0%	4.54%	1.0%
CVBF	D	1.0%	1.38%	1.0%
EFSC	C	1.0%	1.08%	1.0%
FFBC	D	1.0%	1.35%	1.0%
FFIN	B	1.0%	2.94%	1.0%
FIBK	C	1.0%	1.76%	1.0%
FULT	D	1.0%	1.82%	1.0%
HAFC	C	1.0%	0.32%	0.32%
HWC	D	1.0%	2.43%	1.0%
IBCP	C	1.0%	0.4%	0.4%
IBOC	D	1.0%	2.15%	1.0%
INDB	C	1.0%	1.45%	1.0%
NBTB	D	1.0%	1.2%	1.0%
OZK	D	1.0%	2.61%	1.0%
PPBI	D	1.0%	1.3%	1.0%
SASR	C	1.0%	0.82%	0.82%
TBBK	B	1.0%	1.42%	1.0%
UBSI	C	1.0%	2.83%	1.0%
UMBF	B	1.0%	2.86%	1.0%
VBTX	B	1.0%	0.76%	0.76%
WTFC	C	1.0%	3.65%	1.0%

ESML Overweight 879 Positions Relative to QABA

Symbol	Grade	Weight
GDOT	C	1.0%
MC	B	1.0%
DEI	B	1.0%
WOLF	F	1.0%
GPRE	F	1.0%
SEDG	F	1.0%
AGL	F	1.0%
SPT	F	1.0%
ASPN	C	1.0%
CAR	F	1.0%
CLSK	F	1.0%
CMP	D	1.0%
UAA	C	1.0%
CXM	F	1.0%
MEG	F	1.0%
BASE	F	1.0%
STAA	F	1.0%
TMCI	F	1.0%
ASAN	F	1.0%
VSAT	F	1.0%
NCNO	D	1.0%
FORM	F	1.0%
CRMT	F	1.0%
EGY	D	1.0%
BRY	F	1.0%
IART	F	1.0%
EWTX	C	1.0%
AI	F	1.0%
FOXF	D	1.0%
MTUS	F	1.0%
BE	F	1.0%
RXRX	F	1.0%
PENN	C	1.0%
HCC	F	1.0%
CDNA	C	1.0%
SGH	F	1.0%
PLUG	F	1.0%
PBI	C	1.0%
RNG	D	1.0%
RBBN	D	1.0%
PRO	F	1.0%
AXL	F	1.0%
RUSHA	C	1.0%
BRZE	F	1.0%
VSCO	C	1.0%
PTEN	F	1.0%
HLX	D	1.0%
MDGL	F	1.0%
CDE	C	1.0%
SAVA	C	1.0%
HPP	F	1.0%
ICHR	F	1.0%
CLW	F	1.0%
PTCT	C	1.0%
MMS	C	1.0%
UEC	D	1.0%
PFS	C	1.0%
DGII	D	1.0%
ALRM	F	1.0%
LBRDK	F	1.0%
ARLO	D	1.0%
IESC	C	1.0%
OMI	D	1.0%
COUR	D	1.0%
ZEUS	F	1.0%
ARCT	F	1.0%
FRSH	F	1.0%
ARCB	F	1.0%
CPRX	C	1.0%
VERA	C	1.0%
RKLB	B	1.0%
EE	B	1.0%
LESL	F	1.0%
MQ	F	1.0%
PLAY	F	1.0%
PAYO	B	1.0%
ALKT	D	1.0%
UPST	C	1.0%
ASTE	F	1.0%
PLRX	F	1.0%
MLTX	C	1.0%
LGF.A	F	1.0%
VYX	D	1.0%
MNRO	D	1.0%
ARKO	C	1.0%
IMVT	F	1.0%
KVYO	C	1.0%
HL	B	1.0%
RCUS	D	1.0%
AMBC	F	1.0%
TGTX	C	1.0%
MEI	D	1.0%
QS	F	1.0%
BEAM	F	1.0%
MRC	D	1.0%
ETNB	F	1.0%
DNOW	D	1.0%
LOPE	D	1.0%
TGI	D	1.0%
FNA	F	1.0%
OWL	C	1.0%
RAMP	F	1.0%
JAMF	D	1.0%
NVCR	D	1.0%
CAKE	C	1.0%
CWAN	B	1.0%
MGNI	D	1.0%
TXG	D	1.0%
REVG	D	1.0%
PRAA	F	1.0%
ESTA	F	1.0%
SLNO	C	1.0%
AVDX	F	1.0%
GOGO	F	1.0%
ANAB	C	1.0%
ZUO	F	1.0%
NVAX	D	1.0%
NYCB	D	1.0%
ASH	D	1.0%
MLKN	F	1.0%
MASI	D	1.0%
HZO	C	1.0%
HOUS	C	1.0%
CBZ	D	1.0%
SVRA	D	1.0%
ATEN	C	1.0%
VVI	D	1.0%
XRX	F	1.0%
WT	D	1.0%
ALTM	F	1.0%
KURA	C	1.0%
FLO	C	1.0%
ATGE	C	1.0%
KMPR	D	1.0%
CHH	C	1.0%
FLGT	F	1.0%
VRTS	D	1.0%
SLVM	A	1.0%
SBH	B	1.0%
JELD	D	1.0%
SNDX	F	1.0%
GBX	C	1.0%
GRBK	C	1.0%
XPEL	D	1.0%
AGYS	D	1.0%
AGIO	D	1.0%
IRON	D	1.0%
DLX	F	1.0%
DYN	D	1.0%
CCRN	F	1.0%
AMC	F	1.0%
CC	F	1.0%
VERX	C	1.0%
APLS	F	1.0%
PSMT	B	1.0%
CAL	F	1.0%
NBHC	D	1.0%
DK	F	1.0%
HAYW	C	1.0%
MTTR	C	1.0%
KRYS	D	1.0%
EPC	F	1.0%
INFA	D	1.0%
BKD	D	1.0%
CRAI	D	1.0%
TDOC	D	1.0%
CGEM	D	1.0%
CMCO	F	1.0%
RCKT	F	1.0%
WNC	F	1.0%
JANX	C	1.0%
ACEL	C	1.0%
SKY	C	1.0%
DOCN	B	1.0%
LIVN	D	1.0%
APGE	C	1.0%
EDR	A	1.0%
ARVN	F	1.0%
SMPL	D	1.0%
OSCR	C	1.0%
NABL	D	1.0%
NUVB	D	1.0%
CUBI	F	1.0%
EXP	B	1.0%
CWT	C	1.0%
SMP	C	1.0%
LBPH	D	1.0%
CECO	D	1.0%
WRBY	D	1.0%
TWST	D	1.0%
ETWO	C	1.0%
NEOG	D	1.0%
GO	F	1.0%
KELYA	D	1.0%
GEF	D	1.0%
KLG	C	1.0%
THRM	D	1.0%
RH	B	1.0%
INFN	B	1.0%
PETQ	A	1.0%
TROX	F	1.0%
IVR	C	1.0%
BROS	D	1.0%
BGC	B	1.0%
ELVN	D	1.0%
PGRE	C	1.0%
PDFS	D	1.0%
GEF	D	1.0%
RUSHB	C	1.0%
MBUU	D	1.0%
SFBS	B	1.0%
AORT	D	1.0%
HIMS	D	1.0%
SWTX	F	1.0%
FTRE	D	1.0%
OMCL	C	1.0%
RYN	C	1.0%
FLYW	F	1.0%
MTRN	F	1.0%
EWCZ	F	1.0%
AHH	C	1.0%
FOUR	C	1.0%
MMI	C	1.0%
AGO	C	1.0%
QDEL	D	1.0%
VREX	F	1.0%
CNMD	D	1.0%
CALM	A	1.0%
AWR	B	1.0%
CART	B	1.0%
ALHC	C	1.0%
COOP	C	1.0%
BYD	C	1.0%
YELP	F	1.0%
PYCR	D	1.0%
HELE	D	1.0%
PRTA	F	1.0%
COGT	C	1.0%
MXL	F	1.0%
BNL	B	1.0%
FIVN	F	1.0%
PD	F	1.0%
SMTC	B	1.0%
PRG	B	1.0%
POWL	B	1.0%
CSTL	B	1.0%
SG	C	1.0%
NOVA	C	1.0%
UNFI	C	1.0%
VSTS	D	1.0%
SHC	C	1.0%
PLOW	C	1.0%
MLNK	C	1.0%
ALEC	D	1.0%
CRI	D	1.0%
UFPT	A	1.0%
NEO	C	1.0%
CWEN	B	1.0%
SIBN	D	1.0%
NTLA	F	1.0%
ZYME	B	1.0%
HURN	C	1.0%
NRIX	B	1.0%
CLB	D	1.0%
HI	F	1.0%
NVST	D	1.0%
FROG	F	1.0%
CNXC	F	1.0%
AAP	F	1.0%
ADMA	B	1.0%
IONS	D	1.0%
POWI	F	1.0%
MHO	B	1.0%
DCO	B	1.0%
MNKD	C	1.0%
KYMR	B	1.0%
ROCK	D	1.0%
EMBC	C	1.0%
NUVL	C	1.0%
KSS	F	1.0%
SM	D	1.0%
MIR	D	1.0%
OII	D	1.0%
KROS	C	1.0%
LEG	D	1.0%
BBIO	D	1.0%
PAHC	B	1.0%
FUN	F	1.0%
ARWR	F	1.0%
THS	C	1.0%
APG	D	1.0%
AXSM	B	1.0%
TILE	B	1.0%
VNOM	C	1.0%
HGV	D	1.0%
CBU	D	1.0%
PTGX	B	1.0%
BKU	D	1.0%
BDN	C	1.0%
MODG	F	1.0%
LEVI	C	1.0%
KE	F	1.0%
CLH	A	1.0%
RXST	C	1.0%
VRDN	C	1.0%
MOV	F	1.0%
JWN	B	1.0%
SATS	C	1.0%
WKC	B	1.0%
TARS	C	1.0%
AIR	C	1.0%
BANC	B	1.0%
NTGR	C	1.0%
ADUS	C	1.0%
PAR	C	1.0%
CLNE	C	1.0%
GT	F	1.0%
NEP	C	1.0%
GTES	C	1.0%
GERN	D	1.0%
VSEC	D	1.0%
MPW	C	1.0%
EYE	F	1.0%
VITL	D	1.0%
AVPT	B	1.0%
ATRC	C	1.0%
HBI	B	1.0%
TNC	F	1.0%
SQSP	A	1.0%
SPR	D	1.0%
VVX	C	1.0%
SKT	A	1.0%
SONO	D	1.0%
CIVI	F	1.0%
TNDM	C	1.0%
MYGN	C	1.0%
HAIN	D	1.0%
ANDE	D	1.0%
TALO	D	1.0%
PK	D	1.0%
PNTG	B	1.0%
COMP	C	1.0%
EPR	B	1.0%
ACVA	B	1.0%
PBF	F	1.0%
VCTR	B	1.0%
RCM	C	1.0%
EXPO	B	1.0%
NARI	F	1.0%
ENR	D	1.0%
UPBD	F	1.0%
HLIT	C	1.0%
TDS	C	1.0%
ARQT	C	1.0%
DOCS	A	1.0%
VRNT	F	1.0%
CLF	F	1.0%
COKE	C	1.0%
PEB	D	1.0%
VAC	F	1.0%
GH	D	1.0%
ACLX	B	1.0%
JBT	D	1.0%
CWK	C	1.0%
INTA	B	1.0%
JBGS	C	1.0%
CPRI	D	1.0%
CTS	D	1.0%
BL	D	1.0%
FL	D	1.0%
TREX	F	1.0%
RKT	C	1.0%
VRNS	C	1.0%
LITE	B	1.0%
AUR	C	1.0%
AVNT	B	1.0%
LXP	C	1.0%
SEM	D	1.0%
WD	B	1.0%
XHR	B	1.0%
PLYA	D	1.0%
PGNY	F	1.0%
ENV	C	1.0%
COLM	C	1.0%
MRUS	D	1.0%
AAT	B	1.0%
W	D	1.0%
SEE	D	1.0%
PDM	C	1.0%
ROIV	C	1.0%
VRRM	D	1.0%
CLDX	C	1.0%
PIPR	A	1.0%
GVA	B	1.0%
KTOS	C	1.0%
CALX	D	1.0%
AMWD	D	1.0%
HWKN	C	1.0%
PHAT	C	1.0%
PECO	B	1.0%
CCCS	D	1.0%
PLUS	B	1.0%
ESRT	B	1.0%
ROG	F	1.0%
KREF	B	1.0%
OUT	B	1.0%
AZZ	D	1.0%
DRS	C	1.0%
XRAY	D	1.0%
BC	C	1.0%
MTSI	D	1.0%
MAC	A	1.0%
IOSP	D	1.0%
CCS	C	1.0%
BOH	D	1.0%
CWEN	B	1.0%
VNO	B	1.0%
LYFT	D	1.0%
XPRO	F	1.0%
PRVA	F	1.0%
BOOT	A	1.0%
BPMC	D	1.0%
SHAK	C	1.0%
CHWY	C	1.0%
ALG	D	1.0%
PRKS	D	1.0%
PRGO	F	1.0%
AN	D	1.0%
RNA	D	1.0%
SXT	C	1.0%
MAN	C	1.0%
CLVT	D	1.0%
DEA	B	1.0%
MARA	F	1.0%
RVMD	C	1.0%
COLD	D	1.0%
ZD	D	1.0%
CRDO	D	1.0%
NWN	C	1.0%
PI	B	1.0%
PJT	B	1.0%
EVRI	C	1.0%
SNX	D	1.0%
KOP	F	1.0%
RL	B	1.0%
SBRA	C	1.0%
CFR	C	1.0%
ICUI	B	1.0%
ESE	B	1.0%
LBRDA	F	1.0%
SPB	B	1.0%
BHVN	D	1.0%
PRCT	B	1.0%
MHK	C	1.0%
AZTA	F	1.0%
IDYA	F	1.0%
CRSP	F	1.0%
RNST	D	1.0%
PLMR	C	1.0%
NWL	D	1.0%
TEX	F	1.0%
WU	D	1.0%
BRBR	C	1.0%
MGRC	F	1.0%
BXMT	C	1.0%
LNN	D	1.0%
RDNT	B	1.0%
PEGA	C	1.0%
ABM	D	1.0%
ENOV	F	1.0%
U	D	1.0%
CNK	C	1.0%
RARE	B	1.0%
TNET	F	1.0%
LNC	D	1.0%
WEN	D	1.0%
AMN	F	1.0%
ERII	C	1.0%
AROC	D	1.0%
UNIT	C	1.0%
BPOP	C	1.0%
RUN	C	1.0%
APAM	C	1.0%
ESNT	B	1.0%
STRL	B	1.0%
CRVL	B	1.0%
IMAX	C	1.0%
KFY	B	1.0%
SIG	C	1.0%
JEF	B	1.0%
ICFI	B	1.0%
TMDX	C	1.0%
TRN	D	1.0%
STC	B	1.0%
ZI	D	1.0%
ST	D	1.0%
NXT	F	1.0%
BWIN	C	1.0%
ATKR	F	1.0%
TXRH	C	1.0%
CRC	C	1.0%
RDN	C	1.0%
KD	D	1.0%
SLG	B	1.0%
AEO	D	1.0%
HR	C	1.0%
GTLS	F	1.0%
LCID	D	1.0%
QTWO	B	1.0%
PRIM	B	1.0%
NXST	D	1.0%
AL	D	1.0%
CSGS	C	1.0%
RDUS	D	1.0%
BILL	D	1.0%
DV	F	1.0%
OLED	C	1.0%
TDC	F	1.0%
FLR	D	1.0%
RXO	D	1.0%
SLAB	D	1.0%
EVR	A	1.0%
BRC	B	1.0%
POST	C	1.0%
AMED	C	1.0%
GMED	D	1.0%
TENB	D	1.0%
NMIH	C	1.0%
AIT	B	1.0%
ALKS	C	1.0%
ARW	C	1.0%
SCL	D	1.0%
IBP	D	1.0%
ABCB	B	1.0%
SSD	C	1.0%
DNLI	C	1.0%
MYRG	F	1.0%
EAT	B	1.0%
KRC	B	1.0%
CRNX	C	1.0%
FR	C	1.0%
KAR	D	1.0%
CCOI	C	1.0%
ORA	C	1.0%
AUB	D	1.0%
CGNX	D	1.0%
VC	F	1.0%
S	C	1.0%
DY	B	1.0%
HCP	A	1.0%
INSP	C	1.0%
CFLT	F	1.0%
FIVE	D	1.0%
PSN	B	1.0%
WHD	C	1.0%
WDFC	C	1.0%
STWD	B	1.0%
HAE	D	1.0%
ABG	D	1.0%
PATH	D	1.0%
MRCY	D	1.0%
LCII	C	1.0%
LRN	B	1.0%
SJW	D	1.0%
COLB	B	1.0%
DXC	C	1.0%
XENE	D	1.0%
ETSY	F	1.0%
RMBS	F	1.0%
EPAC	B	1.0%
VMI	D	1.0%
IDCC	B	1.0%
FUL	D	1.0%
IRDM	D	1.0%
KNF	B	1.0%
APPF	D	1.0%
ECPG	D	1.0%
VECO	F	1.0%
FA	B	1.0%
SITC	D	1.0%
WGO	D	1.0%
BECN	D	1.0%
MTX	D	1.0%
CABO	F	1.0%
GAP	F	1.0%
YETI	D	1.0%
SHOO	B	1.0%
CAVA	A	1.0%
KOS	F	1.0%
THO	D	1.0%
SOFI	C	1.0%
WERN	D	1.0%
AVAV	C	1.0%
VKTX	C	1.0%
ACA	B	1.0%
PFSI	C	1.0%
OGN	D	1.0%
KLIC	F	1.0%
ADC	C	1.0%
JXN	B	1.0%
HASI	C	1.0%
LEA	F	1.0%
GL	C	1.0%
WH	B	1.0%
M	F	1.0%
ADT	D	1.0%
TRNO	C	1.0%
CADE	C	1.0%
ALTR	C	1.0%
LUMN	C	1.0%
OLLI	C	1.0%
X	D	1.0%
AZEK	C	1.0%
NPO	D	1.0%
BLKB	C	1.0%
PINC	D	1.0%
VLY	C	1.0%
CRS	A	1.0%
ITGR	B	1.0%
CPF	C	1.0%
ELF	F	1.0%
CBT	B	1.0%
WTM	D	1.0%
SWX	C	1.0%
ESI	D	1.0%
SON	D	1.0%
MOD	B	1.0%
ORI	B	1.0%
TNL	D	1.0%
KTB	A	1.0%
DUOL	A	1.0%
AGNC	B	1.0%
HALO	C	1.0%
HQY	C	1.0%
VNT	F	1.0%
CPK	B	1.0%
BCPC	C	1.0%
RYAN	C	1.0%
FLS	D	1.0%
MAT	C	1.0%
TPX	C	1.0%
BOX	C	1.0%
PCOR	F	1.0%
DFIN	C	1.0%
AGCO	D	1.0%
SMAR	C	1.0%
LNTH	D	1.0%
LSCC	D	1.0%
HESM	D	1.0%
SF	A	1.0%
CYTK	F	1.0%
ITCI	D	1.0%
RRX	C	1.0%
OPCH	C	1.0%
MTZ	B	1.0%
MKSI	F	1.0%
AA	D	1.0%
CZR	C	1.0%
DBX	D	1.0%
FYBR	C	1.0%
GXO	D	1.0%
PLXS	B	1.0%
ANF	D	1.0%
HIW	B	1.0%
CHDN	D	1.0%
MUR	F	1.0%
LFUS	C	1.0%
FSS	D	1.0%
BHE	C	1.0%
SLM	D	1.0%
PDCO	F	1.0%
CHE	C	1.0%
HNI	C	1.0%
TPH	C	1.0%
ESTC	F	1.0%
KNTK	B	1.0%
JAZZ	D	1.0%
ACIW	B	1.0%
HXL	F	1.0%
FN	D	1.0%
BCC	C	1.0%
AEIS	D	1.0%
LAZ	A	1.0%
SR	B	1.0%
ASB	D	1.0%
MMSI	B	1.0%
CIEN	C	1.0%
AM	B	1.0%
ASGN	D	1.0%
MEDP	D	1.0%
GTLB	D	1.0%
LPX	B	1.0%
VOYA	B	1.0%
BRKR	D	1.0%
DLB	D	1.0%
PVH	F	1.0%
PEN	D	1.0%
NOV	D	1.0%
BRX	B	1.0%
GATX	D	1.0%
SITE	D	1.0%
HRI	C	1.0%
ATI	D	1.0%
CHX	D	1.0%
LAD	C	1.0%
SPXC	B	1.0%
TKO	B	1.0%
TMHC	B	1.0%
VVV	D	1.0%
WK	D	1.0%
PCTY	C	1.0%
ZION	D	1.0%
PR	D	1.0%
FAF	C	1.0%
DAR	F	1.0%
TGNA	C	1.0%
FMC	C	1.0%
VFC	C	1.0%
ONB	C	1.0%
RGEN	F	1.0%
AFRM	C	1.0%
OMF	D	1.0%
REZI	D	1.0%
BWA	D	1.0%
CR	C	1.0%
WFRD	F	1.0%
MORN	B	1.0%
ITRI	C	1.0%
GPI	B	1.0%
THG	C	1.0%
NCLH	C	1.0%
GKOS	C	1.0%
AMG	C	1.0%
NSIT	C	1.0%
CNO	A	1.0%
BDC	A	1.0%
LECO	F	1.0%
NVT	D	1.0%
SPSC	D	1.0%
BHLB	C	1.0%
GNRC	D	1.0%
AAON	A	1.0%
BERY	C	1.0%
PLNT	B	1.0%
ELAN	D	1.0%
WHR	C	1.0%
MSA	D	1.0%
AXS	B	1.0%
SNDR	C	1.0%
NYT	C	1.0%
FRPT	B	1.0%
FTAI	B	1.0%
RHP	C	1.0%
ZWS	B	1.0%
MTH	C	1.0%
PCH	C	1.0%
CMA	A	1.0%
ENLC	B	1.0%
WCC	D	1.0%
ALK	C	1.0%
RLI	B	1.0%
TTEK	C	1.0%
RHI	D	1.0%
FBP	C	1.0%
EPRT	A	1.0%
FHN	D	1.0%
CMC	D	1.0%
WWD	C	1.0%
ACHC	C	1.0%
CROX	D	1.0%
GME	D	1.0%
HHH	C	1.0%
AWI	B	1.0%
EXLS	B	1.0%
UNM	B	1.0%
WSC	D	1.0%
AR	D	1.0%
FTDR	B	1.0%
CVLT	B	1.0%
WTS	C	1.0%
CRUS	D	1.0%
NOVT	D	1.0%
CW	A	1.0%
WAL	B	1.0%
OHI	C	1.0%
KNSL	C	1.0%
AVA	C	1.0%
ALSN	B	1.0%
FELE	C	1.0%
SWN	D	1.0%
CNX	A	1.0%
CNM	F	1.0%
PRI	B	1.0%
MWA	B	1.0%
COHR	B	1.0%
CACI	B	1.0%
CUZ	B	1.0%
HRB	C	1.0%
HAS	B	1.0%
NFG	B	1.0%
PRGS	C	1.0%
MTN	D	1.0%
CDP	B	1.0%
LSTR	F	1.0%
WBS	D	1.0%
SRPT	D	1.0%
MOG.A	B	1.0%
FND	C	1.0%
TPR	C	1.0%
KBH	B	1.0%
SUM	D	1.0%
DTM	A	1.0%
FCN	C	1.0%
ENSG	C	1.0%
HOG	C	1.0%
INSM	D	1.0%
RRC	D	1.0%
NJR	B	1.0%
ATR	B	1.0%
WING	B	1.0%
SAIA	D	1.0%
LNW	B	1.0%
IVZ	B	1.0%
EGP	C	1.0%
BWXT	C	1.0%
IBKR	A	1.0%
THC	B	1.0%
GBCI	B	1.0%
CUBE	B	1.0%
DCI	D	1.0%
AXTA	C	1.0%
PNFP	A	1.0%
XPO	D	1.0%
ARMK	C	1.0%
WMS	D	1.0%
BJ	D	1.0%
ONTO	D	1.0%
R	B	1.0%
SNV	C	1.0%
SSB	B	1.0%
RNR	B	1.0%
MTG	B	1.0%
TOL	B	1.0%
NTRA	B	1.0%
ITT	B	1.0%
UGI	C	1.0%
SCI	C	1.0%
FLEX	C	1.0%
AVT	C	1.0%
MDU	B	1.0%
SIGI	D	1.0%
BLD	D	1.0%
OSK	D	1.0%
AYI	A	1.0%
CVNA	B	1.0%
EHC	B	1.0%
PCVX	C	1.0%
BMI	B	1.0%
BFAM	B	1.0%
WEX	C	1.0%
GPK	B	1.0%
RGA	B	1.0%
FIX	A	1.0%
RGLD	B	1.0%
FTI	D	1.0%
OGS	B	1.0%
EWBC	D	1.0%
NTNX	C	1.0%
SFM	B	1.0%
FRT	C	1.0%
JLL	B	1.0%
MUSA	D	1.0%
KBR	D	1.0%
REXR	C	1.0%
GWRE	A	1.0%
INGR	B	1.0%
JHG	B	1.0%
USFD	B	1.0%
CASY	D	1.0%

ESML Underweight 96 Positions Relative to QABA

Symbol	Grade	Weight
TFSL	D	-2.1%
BANF	B	-1.97%
TCBI	B	-1.83%
WSFS	D	-1.76%
CATY	C	-1.73%
FHB	D	-1.67%
WAFD	C	-1.63%
SFNC	C	-1.48%
TOWN	B	-1.43%
SBCF	C	-1.29%
FRME	D	-1.21%
MBIN	D	-1.12%
TRMK	D	-1.1%
WSBC	D	-1.03%
CLBK	C	-1.02%
SYBT	B	-0.99%
CHCO	C	-0.98%
FBNC	C	-0.98%
NWBI	C	-0.96%
CASH	B	-0.95%
LKFN	C	-0.94%
STBA	C	-0.91%
HOPE	C	-0.84%
BUSE	C	-0.84%
SRCE	D	-0.82%
TCBK	D	-0.8%
WABC	D	-0.75%
QCRH	C	-0.71%
GABC	C	-0.66%
RBCAA	C	-0.62%
PEBO	D	-0.61%
PFBC	D	-0.6%
OCFC	C	-0.58%
SBSI	C	-0.57%
DCOM	C	-0.56%
BHRB	C	-0.55%
CNOB	C	-0.54%
FMBH	B	-0.53%
BFC	C	-0.51%
CTBI	C	-0.5%
BRKL	C	-0.5%
CFB	D	-0.49%
PFC	D	-0.49%
UVSP	B	-0.46%
CFFN	D	-0.44%
FCBC	B	-0.44%
HFWA	C	-0.43%
OSBC	D	-0.42%
MBWM	D	-0.4%
ORRF	B	-0.39%
HBNC	C	-0.39%
GSBC	D	-0.38%
CCB	C	-0.38%
BFST	C	-0.37%
SMBC	C	-0.36%
TRST	C	-0.36%
EGBN	C	-0.36%
FSBC	B	-0.35%
HTBK	C	-0.34%
HTBI	C	-0.34%
CCBG	B	-0.33%
CASS	D	-0.32%
HONE	C	-0.32%
FMNB	C	-0.32%
SPFI	B	-0.31%
NBN	C	-0.31%
HIFS	B	-0.3%
WASH	C	-0.3%
CCNE	C	-0.29%
ESQ	B	-0.29%
THFF	C	-0.29%
NFBK	C	-0.29%
MPB	B	-0.28%
AROW	D	-0.27%
MSBI	D	-0.27%
SHBI	C	-0.26%
PGC	C	-0.26%
MOFG	C	-0.25%
KRNY	C	-0.24%
RBB	B	-0.24%
BSRR	C	-0.24%
FFIC	C	-0.23%
CARE	B	-0.23%
EBTC	B	-0.22%
FISI	C	-0.22%
NRIM	B	-0.21%
BWB	C	-0.21%
TCBX	B	-0.2%
BMRC	C	-0.19%
NECB	A	-0.18%
INBK	D	-0.17%
WSBF	C	-0.17%
NEWT	D	-0.16%
FRST	C	-0.16%
FLIC	B	-0.16%
BCAL	D	-0.15%