ESML vs. VFMO ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard U.S. Momentum Factor ETF (VFMO)

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

$38.05

Average Daily Volume

128,148

Number of Holdings ^*

899

* may have additional holdings in another (foreign) market

VFMO

Vanguard U.S. Momentum Factor ETF

VFMO Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong recent performance as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$150.12

Average Daily Volume

30,575

Number of Holdings ^*

560

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VFMO
30 Days	-2.14%	-0.04%
60 Days	-2.17%	1.17%
90 Days	-2.76%	0.29%
12 Months	10.63%	27.82%

238 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VFMO	Overlap
ACA	D	0.12%	0.06%	0.06%
ACLX	C	0.05%	0.16%	0.05%
ACVA	C	0.06%	0.08%	0.06%
AEO	F	0.1%	0.07%	0.07%
AFRM	F	0.15%	0.23%	0.15%
AGO	D	0.06%	0.31%	0.06%
AGYS	B	0.05%	0.05%	0.05%
AIR	B	0.07%	0.05%	0.05%
AIT	C	0.1%	0.19%	0.1%
ALSN	D	0.19%	0.42%	0.19%
ALTR	B	0.15%	0.05%	0.05%
AM	B	0.17%	0.1%	0.1%
AMAL	B	0.09%	0.03%	0.03%
AMWD	F	0.07%	0.14%	0.07%
ANDE	D	0.07%	0.1%	0.07%
ANF	C	0.21%	0.2%	0.2%
APG	C	0.07%	0.19%	0.07%
APLS	F	0.05%	0.04%	0.04%
APPF	B	0.14%	0.08%	0.08%
ARCT	F	0.04%	0.06%	0.04%
ARDX	F	0.05%	0.14%	0.05%
AROC	B	0.1%	0.27%	0.1%
ARVN	F	0.05%	0.05%	0.05%
ASPN	D	0.05%	0.16%	0.05%
ATGE	A	0.05%	0.13%	0.05%
AUR	C	0.06%	0.06%	0.06%
AVAV	D	0.13%	0.04%	0.04%
AWI	D	0.19%	0.21%	0.19%
AXSM	B	0.05%	0.05%	0.05%
AZEK	D	0.13%	0.23%	0.13%
AZTA	D	0.08%	0.05%	0.05%
AZZ	D	0.08%	0.18%	0.08%
BASE	D	0.03%	0.07%	0.03%
BBIO	D	0.05%	0.11%	0.05%
BCC	F	0.15%	0.23%	0.15%
BGC	C	0.05%	0.07%	0.05%
BKD	C	0.05%	0.19%	0.05%
BLD	D	0.31%	0.19%	0.19%
BPMC	A	0.1%	0.24%	0.1%
BPOP	D	0.08%	0.16%	0.08%
BRBR	B	0.09%	0.27%	0.09%
BRZE	D	0.05%	0.06%	0.05%
CACI	B	0.2%	0.02%	0.02%
CAL	F	0.05%	0.07%	0.05%
CASY	B	0.57%	0.13%	0.13%
CBZ	D	0.06%	0.13%	0.06%
CCOI	D	0.05%	0.09%	0.05%
CCS	D	0.08%	0.04%	0.04%
CECO	B	0.06%	0.05%	0.05%
CGEM	D	0.04%	0.08%	0.04%
CLH	B	0.06%	0.17%	0.06%
CLSK	D	0.06%	0.2%	0.06%
CNK	A	0.07%	0.02%	0.02%
CNM	D	0.28%	0.24%	0.24%
CNX	C	0.2%	0.04%	0.04%
COKE	B	0.06%	0.09%	0.06%
COOP	D	0.05%	0.1%	0.05%
CRC	C	0.11%	0.05%	0.05%
CRDO	B	0.09%	0.08%	0.08%
CRNX	D	0.07%	0.18%	0.07%
CRS	B	0.1%	0.08%	0.08%
CRVL	B	0.08%	0.05%	0.05%
CTS	D	0.08%	0.04%	0.04%
CUBI	B	0.05%	0.25%	0.05%
CVNA	B	0.28%	0.19%	0.19%
CW	C	0.2%	0.14%	0.14%
CYTK	D	0.14%	0.23%	0.14%
DFIN	D	0.13%	0.04%	0.04%
DUOL	F	0.1%	0.09%	0.09%
DV	D	0.11%	0.03%	0.03%
DYN	B	0.06%	0.11%	0.06%
EHC	B	0.27%	0.12%	0.12%
ELAN	D	0.19%	0.09%	0.09%
ELF	C	0.26%	0.22%	0.22%
ENSG	B	0.19%	0.13%	0.13%
EPAC	B	0.11%	0.03%	0.03%
ESE	D	0.06%	0.02%	0.02%
ESTC	B	0.24%	0.2%	0.2%
EVR	A	0.11%	0.05%	0.05%
EWTX	B	0.05%	0.15%	0.05%
FBP	B	0.08%	0.12%	0.08%
FIX	D	0.32%	0.37%	0.32%
FN	C	0.18%	0.2%	0.18%
FRPT	A	0.19%	0.07%	0.07%
FRSH	D	0.05%	0.08%	0.05%
FSLY	F	0.04%	0.08%	0.04%
FSS	D	0.15%	0.06%	0.06%
FTI	B	0.37%	0.24%	0.24%
GBX	D	0.05%	0.12%	0.05%
GKOS	A	0.17%	0.07%	0.07%
GPI	D	0.19%	0.03%	0.03%
GPS	C	0.15%	0.12%	0.12%
GTLB	C	0.14%	0.17%	0.14%
GWRE	A	0.36%	0.17%	0.17%
HCC	C	0.05%	0.13%	0.05%
HLX	B	0.05%	0.21%	0.05%
HNI	C	0.14%	0.07%	0.07%
HQY	B	0.16%	0.16%	0.16%
HRB	B	0.21%	0.12%	0.12%
HWKN	B	0.06%	0.07%	0.06%
IBKR	B	0.25%	0.13%	0.13%
IBP	D	0.1%	0.05%	0.05%
ICFI	D	0.08%	0.08%	0.08%
IDCC	A	0.1%	0.02%	0.02%
IDYA	F	0.08%	0.13%	0.08%
IESC	C	0.05%	0.2%	0.05%
IMVT	D	0.05%	0.15%	0.05%
INSM	A	0.14%	0.11%	0.11%
INTA	C	0.06%	0.04%	0.04%
IRON	C	0.07%	0.12%	0.07%
ITCI	C	0.14%	0.07%	0.07%
ITGR	C	0.14%	0.11%	0.11%
JANX	D	0.05%	0.12%	0.05%
JELD	F	0.04%	0.09%	0.04%
JXN	C	0.13%	0.05%	0.05%
KD	C	0.11%	0.11%	0.11%
KNSL	F	0.19%	0.04%	0.04%
KOP	F	0.09%	0.08%	0.08%
KROS	F	0.05%	0.09%	0.05%
KRYS	B	0.08%	0.12%	0.08%
KTB	D	0.13%	0.07%	0.07%
KTOS	B	0.07%	0.04%	0.04%
KURA	D	0.05%	0.1%	0.05%
LAD	F	0.17%	0.02%	0.02%
LBPH	B	0.07%	0.17%	0.07%
LNW	B	0.24%	0.17%	0.17%
LOPE	C	0.07%	0.03%	0.03%
LRN	D	0.1%	0.21%	0.1%
LYFT	F	0.1%	0.19%	0.1%
MARA	C	0.1%	0.15%	0.1%
MEDP	C	0.18%	0.21%	0.18%
MHO	D	0.05%	0.17%	0.05%
MIR	C	0.07%	0.04%	0.04%
MLKN	D	0.05%	0.06%	0.05%
MOD	B	0.14%	0.15%	0.14%
MOG.A	C	0.21%	0.05%	0.05%
MSA	C	0.21%	0.12%	0.12%
MTG	B	0.25%	0.13%	0.13%
MTH	D	0.17%	0.15%	0.15%
MTRN	F	0.07%	0.05%	0.05%
MTSI	A	0.09%	0.06%	0.06%
MUSA	C	0.33%	0.11%	0.11%
MYRG	F	0.16%	0.04%	0.04%
NABL	B	0.07%	0.03%	0.03%
NEO	D	0.05%	0.02%	0.02%
NPO	D	0.13%	0.13%	0.13%
NSIT	C	0.19%	0.21%	0.19%
NTNX	C	0.33%	0.28%	0.28%
NTRA	B	0.22%	0.17%	0.17%
NUVL	C	0.06%	0.12%	0.06%
NVT	D	0.23%	0.18%	0.18%
NYT	A	0.19%	0.04%	0.04%
OII	B	0.07%	0.11%	0.07%
OLED	A	0.11%	0.04%	0.04%
OLLI	B	0.07%	0.08%	0.07%
OMF	D	0.19%	0.12%	0.12%
ONTO	B	0.32%	0.22%	0.22%
ORI	D	0.12%	0.12%	0.12%
OSCR	D	0.04%	0.21%	0.04%
PAR	B	0.05%	0.04%	0.04%
PBF	F	0.11%	0.13%	0.11%
PCOR	C	0.15%	0.09%	0.09%
PCVX	B	0.19%	0.22%	0.19%
PETQ	B	0.06%	0.09%	0.06%
PFSI	B	0.12%	0.03%	0.03%
POWL	D	0.05%	0.22%	0.05%
PR	C	0.22%	0.04%	0.04%
PRCT	C	0.07%	0.08%	0.07%
PRG	D	0.05%	0.03%	0.03%
PRI	C	0.22%	0.14%	0.14%
PRIM	D	0.1%	0.11%	0.1%
PRO	F	0.05%	0.05%	0.05%
PSN	C	0.1%	0.16%	0.1%
PTGX	B	0.06%	0.1%	0.06%
PVH	F	0.19%	0.08%	0.08%
QLYS	D	0.05%	0.1%	0.05%
RAMP	C	0.06%	0.04%	0.04%
RCKT	F	0.06%	0.08%	0.06%
RDN	B	0.09%	0.08%	0.08%
RDNT	B	0.08%	0.08%	0.08%
REVG	D	0.05%	0.16%	0.05%
RGA	C	0.3%	0.08%	0.08%
RIOT	D	0.04%	0.06%	0.04%
RKT	C	0.06%	0.08%	0.06%
RL	C	0.08%	0.05%	0.05%
RMBS	B	0.18%	0.13%	0.13%
ROCK	D	0.06%	0.05%	0.05%
RUSHA	F	0.05%	0.17%	0.05%
RXRX	F	0.04%	0.09%	0.04%
RXST	D	0.07%	0.14%	0.07%
S	C	0.11%	0.17%	0.11%
SAIA	C	0.29%	0.35%	0.29%
SANA	F	0.03%	0.11%	0.03%
SFM	B	0.34%	0.28%	0.28%
SGH	B	0.06%	0.02%	0.02%
SHOO	C	0.12%	0.05%	0.05%
SIG	D	0.11%	0.04%	0.04%
SM	D	0.05%	0.07%	0.05%
SPB	D	0.08%	0.07%	0.07%
SPSC	B	0.19%	0.14%	0.14%
SQSP	B	0.06%	0.05%	0.05%
SSD	F	0.1%	0.33%	0.1%
STC	D	0.08%	0.13%	0.08%
STRL	D	0.09%	0.15%	0.09%
SWTX	F	0.05%	0.09%	0.05%
TARS	C	0.04%	0.16%	0.04%
TBBK	B	0.06%	0.06%	0.06%
TDS	B	0.06%	0.1%	0.06%
TGI	B	0.05%	0.05%	0.05%
THC	C	0.18%	0.07%	0.07%
TMHC	D	0.15%	0.18%	0.15%
TNC	D	0.07%	0.12%	0.07%
TNET	F	0.1%	0.05%	0.05%
TOL	D	0.22%	0.21%	0.21%
TPH	D	0.14%	0.06%	0.06%
TPX	D	0.15%	0.19%	0.15%
TREX	F	0.11%	0.18%	0.11%
TWST	B	0.07%	0.06%	0.06%
UEC	D	0.05%	0.09%	0.05%
UFPT	A	0.05%	0.04%	0.04%
UPST	F	0.05%	0.03%	0.03%
UPWK	D	0.05%	0.04%	0.04%
USFD	C	0.4%	0.06%	0.06%
VECO	B	0.2%	0.07%	0.07%
VERA	C	0.05%	0.21%	0.05%
VKTX	D	0.12%	0.31%	0.12%
VNT	D	0.17%	0.16%	0.16%
VRNS	B	0.06%	0.05%	0.05%
VSEC	B	0.07%	0.08%	0.07%
WDFC	D	0.1%	0.06%	0.06%
WFRD	B	0.25%	0.23%	0.23%
WING	B	0.27%	0.23%	0.23%
WTS	D	0.2%	0.08%	0.08%
WWD	D	0.22%	0.1%	0.1%
XPO	C	0.27%	0.31%	0.27%
YELP	F	0.06%	0.11%	0.06%
YETI	F	0.14%	0.04%	0.04%
ZEUS	F	0.06%	0.08%	0.06%

ESML Overweight 661 Positions Relative to VFMO

Symbol	Grade	Weight
JHG	B	0.44%
KBR	D	0.42%
REXR	C	0.38%
INGR	D	0.37%
EWBC	D	0.34%
JLL	B	0.33%
FLEX	D	0.32%
OGS	C	0.32%
OSK	D	0.32%
FRT	C	0.31%
SIGI	F	0.3%
RRC	D	0.29%
GPK	D	0.29%
SRPT	C	0.29%
BJ	B	0.29%
MDU	C	0.29%
WMS	D	0.29%
RGLD	B	0.29%
AVT	D	0.29%
WEX	D	0.28%
OHI	B	0.28%
UGI	D	0.28%
AYI	D	0.28%
BMI	C	0.28%
AMG	D	0.27%
AR	D	0.27%
BWXT	B	0.27%
ITT	D	0.27%
AXTA	D	0.27%
HAS	D	0.26%
SCI	C	0.26%
DCI	D	0.26%
R	B	0.26%
BFAM	C	0.25%
NJR	D	0.25%
RNR	D	0.25%
CRUS	A	0.25%
LSTR	D	0.25%
SNV	B	0.25%
FCN	D	0.24%
SNDR	B	0.24%
CROX	C	0.24%
HOG	F	0.24%
TPR	C	0.24%
SWN	D	0.24%
WBS	D	0.24%
SSB	D	0.23%
CMC	D	0.23%
EGP	B	0.23%
COHR	B	0.23%
LECO	F	0.23%
IVZ	D	0.23%
SUM	D	0.23%
ARMK	C	0.23%
MTN	F	0.23%
PRGS	B	0.22%
FHN	C	0.22%
NOV	D	0.22%
FND	F	0.22%
FELE	D	0.22%
ATR	D	0.22%
KBH	D	0.22%
WHR	C	0.22%
GBCI	D	0.22%
PNFP	D	0.22%
MWA	C	0.22%
DTM	B	0.22%
NOVT	C	0.21%
WSC	F	0.21%
RHI	F	0.21%
AAON	B	0.21%
CUBE	B	0.21%
UMBF	C	0.21%
REZI	D	0.2%
KLIC	B	0.2%
GATX	B	0.2%
CDP	B	0.2%
ACHC	F	0.2%
DLB	D	0.2%
ALK	F	0.2%
NFG	D	0.2%
WCC	D	0.2%
UNM	D	0.2%
CHX	C	0.2%
CBSH	C	0.2%
NNN	B	0.19%
CMA	C	0.19%
BWA	F	0.19%
ITRI	C	0.19%
BDC	C	0.19%
VOYA	D	0.19%
ENLC	B	0.19%
DAR	F	0.19%
VVV	B	0.19%
RHP	D	0.19%
AVA	D	0.19%
FTDR	D	0.19%
NCLH	C	0.19%
M	C	0.18%
MORN	B	0.18%
ZWS	D	0.18%
AXS	C	0.18%
CVLT	B	0.18%
TTEK	D	0.18%
SITE	F	0.18%
FMC	F	0.18%
LFUS	C	0.18%
PLNT	B	0.18%
WK	F	0.18%
PDCO	F	0.18%
PCH	F	0.18%
CUZ	D	0.18%
MUR	D	0.18%
KOS	F	0.18%
AEIS	C	0.18%
CR	C	0.18%
RLI	D	0.18%
RRX	F	0.18%
MKSI	B	0.18%
TGNA	D	0.18%
HHH	D	0.18%
EXLS	B	0.18%
BRKR	F	0.17%
TKO	B	0.17%
HRI	F	0.17%
ONB	B	0.17%
ZION	C	0.17%
AA	B	0.17%
WAL	B	0.17%
SPXC	B	0.17%
ASGN	D	0.17%
BERY	D	0.17%
GNRC	C	0.17%
THG	D	0.16%
AGCO	F	0.16%
X	C	0.16%
ATI	C	0.16%
CNO	B	0.16%
GXO	F	0.16%
ASB	D	0.16%
HXL	D	0.16%
GTLS	D	0.16%
BHE	D	0.16%
SF	B	0.15%
CABO	F	0.15%
HESM	A	0.15%
IOSP	D	0.15%
EPRT	A	0.15%
UBSI	D	0.15%
KNTK	B	0.15%
ESI	B	0.15%
SLM	D	0.15%
ETRN	D	0.15%
PEN	D	0.15%
PLXS	D	0.15%
TNL	D	0.15%
CGNX	B	0.15%
CHDN	B	0.15%
ATKR	F	0.15%
JAZZ	F	0.15%
MTZ	C	0.15%
FAF	D	0.15%
VFC	D	0.15%
BECN	D	0.14%
THO	D	0.14%
GME	C	0.14%
WTM	D	0.14%
MMSI	B	0.14%
LPX	D	0.14%
FLS	D	0.14%
MTX	C	0.14%
SR	C	0.14%
FIBK	B	0.14%
FIVE	F	0.14%
CIEN	F	0.14%
LCII	F	0.14%
PINC	F	0.13%
WH	C	0.13%
WERN	F	0.13%
TDC	C	0.13%
MAT	F	0.13%
LEA	F	0.13%
EVRI	C	0.13%
HAE	C	0.13%
BANR	C	0.13%
RYAN	B	0.13%
CADE	D	0.13%
OPCH	F	0.13%
IBCP	B	0.13%
FTAI	B	0.13%
BCPC	A	0.13%
SON	F	0.13%
OGN	C	0.13%
AGNC	A	0.13%
BOX	D	0.13%
ACIW	A	0.13%
VLY	F	0.13%
DBX	D	0.13%
OZK	D	0.13%
CHE	D	0.13%
NXT	F	0.13%
SWX	D	0.13%
FUL	D	0.12%
TENB	C	0.12%
XENE	F	0.12%
ABG	D	0.12%
WGO	F	0.12%
FULT	D	0.12%
IRDM	D	0.12%
VMI	C	0.12%
BRX	B	0.12%
ZI	F	0.12%
BHLB	C	0.12%
SITC	B	0.12%
HALO	B	0.12%
CBT	D	0.12%
SCL	D	0.12%
VC	D	0.12%
DXC	C	0.12%
HASI	D	0.12%
BLKB	D	0.12%
SMAR	B	0.12%
HIW	C	0.12%
CPK	C	0.12%
KNF	C	0.11%
ORA	C	0.11%
STWD	D	0.11%
WHD	C	0.11%
ADT	B	0.11%
FLO	D	0.11%
FYBR	B	0.11%
KAR	C	0.11%
AL	C	0.11%
EAT	C	0.11%
TRNO	B	0.11%
LNTH	C	0.11%
RXO	B	0.11%
SLAB	D	0.11%
SOFI	F	0.11%
XPRO	C	0.1%
KRC	F	0.1%
EFSC	C	0.1%
HWC	C	0.1%
ERII	F	0.1%
WEN	F	0.1%
CIVI	D	0.1%
COLB	D	0.1%
DY	B	0.1%
MODG	D	0.1%
BILL	F	0.1%
LNC	C	0.1%
TMDX	A	0.1%
AUB	C	0.1%
AMED	A	0.1%
DNLI	C	0.1%
FLR	B	0.1%
AMN	F	0.1%
ALKS	C	0.1%
ST	C	0.1%
CVBF	C	0.1%
CPF	B	0.1%
NXST	B	0.1%
FA	C	0.1%
CRSP	F	0.1%
TXRH	B	0.1%
GMED	B	0.1%
ADC	B	0.1%
GL	D	0.1%
ECPG	D	0.1%
SJW	D	0.1%
AN	D	0.09%
BXMT	C	0.09%
SLG	B	0.09%
IART	C	0.09%
KFY	B	0.09%
VRNT	C	0.09%
PGNY	D	0.09%
MGRC	D	0.09%
VITL	C	0.09%
ESNT	C	0.09%
PRKS	B	0.09%
LEG	F	0.09%
HI	F	0.09%
ARW	D	0.09%
LXP	B	0.09%
CSGS	F	0.09%
ABM	B	0.09%
JEF	B	0.09%
HR	B	0.09%
WOLF	F	0.09%
W	D	0.09%
FR	C	0.09%
ENOV	F	0.09%
FIVN	D	0.09%
TRN	D	0.09%
POST	C	0.09%
ROG	D	0.09%
WU	D	0.09%
POWI	D	0.09%
LNN	D	0.09%
JBT	F	0.09%
MRCY	D	0.09%
ABCB	C	0.09%
RDUS	F	0.09%
ZD	F	0.09%
AAP	F	0.09%
BRC	B	0.09%
TEX	D	0.09%
APAM	D	0.09%
HCP	A	0.09%
DEA	B	0.08%
RVMD	D	0.08%
HIMS	C	0.08%
MAC	D	0.08%
PRGO	F	0.08%
LBRDA	C	0.08%
GH	C	0.08%
XHR	D	0.08%
PJT	A	0.08%
HELE	F	0.08%
MRUS	C	0.08%
CLNE	F	0.08%
RNA	C	0.08%
SEE	F	0.08%
BC	F	0.08%
KE	F	0.08%
ARWR	C	0.08%
FROG	B	0.08%
NARI	C	0.08%
PLYA	D	0.08%
CCCS	D	0.08%
SXT	C	0.08%
EYE	F	0.08%
MAN	D	0.08%
UNIT	D	0.08%
WOOF	C	0.08%
IMAX	C	0.08%
CFR	D	0.08%
CAC	C	0.08%
ALTM	F	0.08%
PEGA	D	0.08%
XRAY	F	0.08%
BHVN	F	0.08%
ALG	F	0.08%
QTWO	B	0.08%
MOV	D	0.08%
SONO	F	0.08%
VAC	F	0.08%
INFA	B	0.07%
FTRE	D	0.07%
HGV	D	0.07%
NTLA	F	0.07%
BOOT	B	0.07%
AVNT	D	0.07%
NWL	F	0.07%
CERE	C	0.07%
INDB	D	0.07%
WD	D	0.07%
AVDX	B	0.07%
NRIX	C	0.07%
ESRT	C	0.07%
TMCI	D	0.07%
LCID	D	0.07%
KSS	F	0.07%
NEP	F	0.07%
ENR	C	0.07%
INSP	F	0.07%
LITE	B	0.07%
CWEN	D	0.07%
CPRI	D	0.07%
GO	D	0.07%
PK	D	0.07%
COLM	D	0.07%
TNDM	C	0.07%
CLB	B	0.07%
VREX	F	0.07%
CHH	B	0.07%
CLVT	F	0.07%
CAVA	B	0.07%
PDFS	B	0.07%
TALO	F	0.07%
PIPR	A	0.07%
PI	C	0.07%
BOH	F	0.07%
SHAK	D	0.07%
VRRM	B	0.07%
RNST	B	0.07%
ENV	C	0.07%
COLD	C	0.07%
PD	C	0.07%
CC	F	0.07%
SBRA	A	0.07%
TROX	D	0.07%
DRS	B	0.07%
FL	D	0.07%
PLMR	C	0.07%
CALX	C	0.07%
PRVA	D	0.07%
NWN	F	0.07%
BL	D	0.07%
PDM	B	0.06%
AMC	C	0.06%
DRQ	F	0.06%
IVR	C	0.06%
PYCR	D	0.06%
MXL	B	0.06%
SHC	C	0.06%
FOUR	B	0.06%
XRX	F	0.06%
WT	B	0.06%
CAKE	C	0.06%
SNDX	C	0.06%
MPW	F	0.06%
SKT	D	0.06%
CATC	B	0.06%
SG	D	0.06%
WKC	B	0.06%
RKLB	B	0.06%
MNKD	C	0.06%
VRTS	D	0.06%
FFIN	D	0.06%
ADUS	B	0.06%
AORT	B	0.06%
VERX	B	0.06%
AI	B	0.06%
STAA	B	0.06%
WNC	F	0.06%
ACEL	D	0.06%
MLTX	D	0.06%
EPR	C	0.06%
EPC	B	0.06%
ARKO	D	0.06%
HIBB	A	0.06%
GTES	D	0.06%
CWK	C	0.06%
MLNK	C	0.06%
RCM	F	0.06%
PTEN	F	0.06%
SPT	D	0.06%
KREF	D	0.06%
AVPT	B	0.06%
THRM	F	0.06%
JWN	B	0.06%
PRTA	F	0.06%
CNXC	C	0.06%
ICUI	B	0.06%
MHK	D	0.06%
CMCO	F	0.06%
MDGL	C	0.06%
MORF	C	0.06%
BWIN	A	0.06%
VNO	C	0.06%
NEOG	C	0.06%
INFN	B	0.06%
EXPO	C	0.06%
IBOC	C	0.06%
ROIV	D	0.06%
UNFI	C	0.06%
AAT	B	0.06%
GERN	B	0.06%
HLIT	B	0.06%
AGL	D	0.06%
RUN	F	0.06%
TKR	D	0.06%
VVX	C	0.06%
MGNI	B	0.06%
PLUS	D	0.06%
LEVI	D	0.06%
GVA	B	0.06%
BANC	D	0.06%
SPR	B	0.06%
PECO	C	0.06%
HZO	C	0.06%
CLDX	F	0.06%
NTGR	C	0.06%
FNB	C	0.06%
SEM	A	0.06%
JBGS	B	0.06%
WTFC	D	0.06%
SASR	C	0.06%
OUT	C	0.06%
RARE	D	0.06%
PTCT	D	0.05%
PRAA	F	0.05%
RIG	F	0.05%
LUMN	F	0.05%
QS	F	0.05%
CSTL	F	0.05%
HAFC	C	0.05%
ASTE	F	0.05%
BKU	C	0.05%
XPER	F	0.05%
DIN	F	0.05%
SMP	F	0.05%
RCUS	F	0.05%
ETNB	F	0.05%
DOCN	C	0.05%
MTW	F	0.05%
MEG	D	0.05%
MNRO	F	0.05%
DAN	F	0.05%
RNG	F	0.05%
DK	F	0.05%
CWT	C	0.05%
FNA	F	0.05%
GT	F	0.05%
LIVN	D	0.05%
AXL	F	0.05%
FFBC	D	0.05%
MTDR	D	0.05%
HPP	D	0.05%
EMBC	F	0.05%
ARRY	F	0.05%
BRY	D	0.05%
OFIX	D	0.05%
PAHC	C	0.05%
SIBN	D	0.05%
RUSHB	F	0.05%
VYX	C	0.05%
GEF	F	0.05%
ATEN	C	0.05%
ASAN	D	0.05%
VAL	B	0.05%
DAWN	D	0.05%
CPRX	D	0.05%
CNMD	D	0.05%
FLGT	F	0.05%
SVRA	C	0.05%
ETWO	C	0.05%
ASH	D	0.05%
EWCZ	F	0.05%
HAIN	D	0.05%
BEAM	D	0.05%
CLW	D	0.05%
JAMF	C	0.05%
RYN	D	0.05%
CDE	A	0.05%
NYCB	D	0.05%
WRBY	C	0.05%
VBTX	C	0.05%
MEI	F	0.05%
PSMT	D	0.05%
VCTR	D	0.05%
PHAT	C	0.05%
MRC	D	0.05%
ZYME	C	0.05%
VVI	D	0.05%
CCRN	F	0.05%
LGF.A	D	0.05%
SLVM	D	0.05%
PLAY	F	0.05%
ATEC	D	0.05%
MMI	D	0.05%
CRMT	F	0.05%
AWR	D	0.05%
TILE	D	0.05%
PRLB	D	0.05%
BDN	D	0.05%
UAA	F	0.05%
CWEN	D	0.05%
ZUO	C	0.05%
VSTS	F	0.05%
SATS	B	0.05%
NBHC	B	0.05%
ARQT	B	0.05%
FLYW	F	0.05%
AIN	D	0.05%
PLOW	F	0.05%
KELYA	D	0.05%
PNTG	B	0.05%
HBI	C	0.05%
GOGO	D	0.05%
VNOM	B	0.05%
ARCB	D	0.05%
DOCS	B	0.05%
SBH	D	0.05%
CAR	F	0.05%
LBTYK	C	0.05%
KMPR	C	0.05%
BYD	C	0.05%
AHH	B	0.05%
MASI	F	0.05%
EGY	C	0.05%
PGRE	C	0.05%
EDR	A	0.05%
GEF	F	0.05%
CBU	B	0.05%
CRI	F	0.05%
MTTR	C	0.05%
VRDN	F	0.05%
RBBN	B	0.05%
EVBG	C	0.05%
EE	C	0.05%
KVYO	B	0.05%
CRAI	C	0.05%
NBTB	B	0.05%
ATRC	C	0.05%
DNOW	D	0.05%
TDOC	F	0.05%
MYGN	B	0.05%
MBUU	F	0.05%
B	B	0.05%
ELVN	B	0.05%
XPEL	F	0.05%
DCO	B	0.05%
FORM	A	0.05%
CALM	B	0.05%
BE	D	0.05%
MQ	C	0.05%
THS	C	0.05%
FOXF	C	0.05%
RH	D	0.05%
SFBS	C	0.05%
DLX	D	0.05%
ICHR	B	0.05%
NVST	F	0.05%
SMPL	D	0.05%
ALHC	B	0.05%
GPRE	F	0.04%
SEDG	F	0.04%
PBI	A	0.04%
SMTC	C	0.04%
AMBC	F	0.04%
PLRX	F	0.04%
PFS	D	0.04%
NVCR	D	0.04%
PLUG	F	0.04%
CMP	F	0.04%
CXM	D	0.04%
HL	C	0.04%
APGE	D	0.04%
KLG	F	0.04%
NFE	F	0.04%
XNCR	F	0.04%
QDEL	F	0.04%
SYM	D	0.04%
TXG	F	0.04%
OMI	F	0.04%
CHGG	F	0.04%
ESTA	D	0.04%
HAYW	F	0.04%
LESL	F	0.04%
ALEC	F	0.04%
MYE	F	0.04%
CERT	D	0.04%
KYMR	D	0.04%
ALV	D	0.04%
OEC	F	0.04%
COMP	C	0.04%
MTUS	F	0.04%
OMCL	F	0.04%
NVAX	C	0.04%
SKY	F	0.04%
VSCO	D	0.04%
NUVB	C	0.04%
DGII	D	0.04%
SAVA	F	0.03%
CYRX	F	0.03%
HOUS	F	0.03%
MC	A	0.02%
GDOT	F	0.01%

ESML Underweight 322 Positions Relative to VFMO

Symbol	Grade	Weight
META	A	-1.64%
NVDA	B	-1.53%
GE	D	-1.38%
AVGO	B	-1.33%
LLY	A	-1.28%
ANET	A	-1.27%
UBER	B	-1.21%
NFLX	A	-1.2%
AMD	B	-1.19%
CRWD	B	-1.02%
INTC	C	-1.0%
APO	B	-0.98%
ETN	C	-0.98%
KKR	C	-0.95%
MU	C	-0.88%
LRCX	B	-0.85%
NOW	A	-0.85%
AMZN	A	-0.84%
MCK	B	-0.8%
PGR	B	-0.8%
AMGN	B	-0.79%
PANW	B	-0.78%
VRTX	B	-0.76%
PSX	D	-0.75%
GOOG	A	-0.75%
PH	D	-0.65%
SNPS	B	-0.64%
CDNS	B	-0.64%
CRM	C	-0.63%
PCAR	D	-0.61%
ADBE	B	-0.61%
KLAC	B	-0.6%
LULU	F	-0.6%
WDAY	D	-0.59%
MPC	D	-0.59%
TT	B	-0.58%
IBM	B	-0.54%
MSTR	D	-0.52%
BKNG	B	-0.52%
EME	D	-0.51%
SMCI	B	-0.48%
TDG	D	-0.45%
CMG	D	-0.45%
LEN	D	-0.44%
PHM	D	-0.43%
DKNG	F	-0.42%
DECK	C	-0.42%
JBL	F	-0.41%
COST	A	-0.4%
TJX	A	-0.4%
AJG	A	-0.39%
GOOGL	A	-0.37%
NVR	D	-0.37%
SPOT	B	-0.36%
VRT	C	-0.34%
MSFT	A	-0.34%
DHI	D	-0.34%
AMAT	B	-0.33%
INTU	A	-0.33%
SKYW	B	-0.32%
CELH	F	-0.31%
BLDR	F	-0.31%
URI	D	-0.3%
EXEL	C	-0.3%
APP	B	-0.29%
RCL	B	-0.28%
FCNCA	C	-0.28%
GFF	D	-0.27%
PLTR	A	-0.26%
MRVL	C	-0.24%
HUBS	C	-0.24%
AIZ	D	-0.24%
COIN	C	-0.24%
WSM	D	-0.24%
GWW	C	-0.22%
SKX	C	-0.22%
MANH	B	-0.21%
SFL	C	-0.21%
NU	B	-0.2%
ARES	C	-0.19%
EXP	D	-0.19%
BLBD	C	-0.19%
TDW	C	-0.19%
FICO	A	-0.19%
SKWD	D	-0.19%
BX	C	-0.19%
LIN	C	-0.19%
AXON	C	-0.19%
ALPN	F	-0.18%
CPRT	C	-0.18%
MCY	C	-0.18%
NAT	D	-0.17%
OC	D	-0.17%
RS	D	-0.17%
INVA	B	-0.17%
CSWI	A	-0.17%
ACGL	C	-0.17%
CACC	B	-0.17%
JPM	B	-0.17%
IONS	B	-0.16%
AKAM	F	-0.16%
CDRE	B	-0.16%
CARR	C	-0.16%
CAH	D	-0.16%
SMMT	C	-0.16%
SCCO	C	-0.16%
HUBB	C	-0.16%
AMRX	C	-0.15%
LMB	C	-0.15%
AMR	D	-0.15%
ZS	B	-0.15%
NKTX	F	-0.15%
XP	F	-0.15%
MDB	D	-0.15%
COLL	C	-0.15%
INSW	C	-0.14%
EYPT	F	-0.14%
TNK	C	-0.14%
LPG	C	-0.14%
ALT	F	-0.13%
LQDA	C	-0.13%
NR	C	-0.13%
NEU	D	-0.13%
ADMA	B	-0.13%
ROAD	D	-0.13%
NHC	A	-0.13%
DHT	D	-0.13%
AGM	B	-0.13%
XMTR	F	-0.13%
EOLS	D	-0.13%
HURN	C	-0.13%
WRB	C	-0.13%
FOR	F	-0.13%
LII	B	-0.13%
RYTM	B	-0.13%
DFH	F	-0.13%
ESAB	D	-0.13%
GPOR	D	-0.13%
OLMA	D	-0.13%
HCI	F	-0.12%
DVA	C	-0.12%
IPAR	F	-0.12%
MGNX	F	-0.12%
ACMR	C	-0.12%
MSGE	D	-0.12%
ANIP	D	-0.12%
HY	D	-0.12%
ROST	B	-0.12%
WEAV	C	-0.12%
IOVA	F	-0.12%
HEES	F	-0.12%
YMAB	D	-0.12%
SOUN	D	-0.12%
UTI	B	-0.12%
ALXO	F	-0.11%
GNW	D	-0.11%
GIII	F	-0.11%
CABA	F	-0.11%
MATX	B	-0.11%
ORIC	D	-0.11%
SRRK	F	-0.11%
BAH	C	-0.11%
CMPR	B	-0.11%
KALV	C	-0.1%
ALL	D	-0.1%
PWR	D	-0.1%
NBIX	C	-0.1%
SXI	D	-0.1%
PNR	D	-0.1%
SPNT	D	-0.1%
OCUL	C	-0.1%
UWMC	D	-0.1%
DASH	C	-0.1%
TK	C	-0.09%
STNE	D	-0.09%
PARR	F	-0.09%
DVAX	D	-0.09%
WIRE	A	-0.09%
OFG	B	-0.09%
BELFB	C	-0.09%
MLI	C	-0.09%
WULF	B	-0.09%
GRBK	C	-0.09%
WSO	B	-0.09%
SCS	C	-0.08%
XERS	C	-0.08%
PPC	B	-0.08%
GMS	D	-0.08%
CXW	D	-0.08%
LAUR	C	-0.08%
CHCO	C	-0.08%
EU	C	-0.08%
BRO	B	-0.08%
INZY	D	-0.08%
LXRX	F	-0.08%
OPEN	F	-0.08%
GEO	B	-0.08%
LEU	F	-0.08%
ACIC	D	-0.08%
AMPH	F	-0.08%
UVV	D	-0.08%
MDXG	F	-0.08%
QTRX	F	-0.08%
KNSA	C	-0.08%
GSHD	D	-0.08%
WINA	D	-0.08%
CPAY	D	-0.08%
PINS	B	-0.07%
HOV	D	-0.07%
DMRC	B	-0.07%
CDLX	F	-0.07%
MRSN	F	-0.07%
IT	B	-0.07%
ROKU	C	-0.07%
NVRI	C	-0.07%
STNG	B	-0.07%
URGN	C	-0.07%
ALKT	B	-0.07%
COTY	F	-0.07%
AFL	B	-0.07%
CBOE	D	-0.07%
CIFR	B	-0.07%
ZIMV	B	-0.07%
REX	F	-0.07%
PTC	B	-0.07%
NET	B	-0.07%
JOE	D	-0.07%
SPOK	C	-0.06%
CMCSA	F	-0.06%
ACHR	C	-0.06%
BLMN	F	-0.06%
MPWR	B	-0.06%
LEN	D	-0.06%
FG	D	-0.06%
PFGC	D	-0.06%
DDOG	B	-0.06%
INOD	B	-0.06%
AOS	D	-0.06%
DBRG	F	-0.06%
VCEL	C	-0.06%
PRDO	C	-0.06%
MOH	F	-0.06%
INST	B	-0.06%
OSW	B	-0.06%
DDS	D	-0.05%
PAG	D	-0.05%
IAS	C	-0.05%
KRUS	F	-0.05%
PWSC	B	-0.05%
GLOB	C	-0.05%
GOGL	D	-0.05%
OSIS	C	-0.05%
CASH	B	-0.05%
MRNS	F	-0.05%
HDSN	F	-0.05%
PATH	D	-0.05%
MIRM	B	-0.05%
ACAD	C	-0.05%
FDMT	D	-0.05%
ACT	C	-0.05%
LZB	C	-0.05%
ARLO	B	-0.05%
NMRK	C	-0.05%
CPS	F	-0.05%
ODFL	C	-0.04%
CHRD	C	-0.04%
DPZ	D	-0.04%
SEMR	C	-0.04%
URBN	C	-0.04%
OWL	D	-0.04%
UHAL	D	-0.04%
TTI	F	-0.04%
DXPE	D	-0.04%
FDX	B	-0.04%
OSUR	F	-0.04%
COUR	F	-0.04%
NRDY	F	-0.04%
WOR	F	-0.04%
AMK	B	-0.04%
LOB	F	-0.04%
THR	D	-0.04%
STEP	B	-0.04%
SXC	D	-0.04%
VYGR	F	-0.04%
BZH	F	-0.03%
CENT	F	-0.03%
DT	F	-0.03%
TEAM	C	-0.03%
WDC	B	-0.03%
GSAT	D	-0.03%
LYTS	D	-0.03%
GOLF	C	-0.03%
WRLD	D	-0.03%
CVRX	C	-0.03%
BSY	D	-0.03%
MSI	B	-0.03%
NMIH	B	-0.03%
BSX	B	-0.03%
NWSA	B	-0.03%
PAGS	C	-0.03%
MBIN	C	-0.03%
DAKT	B	-0.03%
PATK	D	-0.03%
MITK	F	-0.03%
FNF	D	-0.03%
PTVE	F	-0.03%
CEIX	B	-0.02%
CCL	C	-0.02%
JOBY	C	-0.02%
BTBT	B	-0.02%
RRGB	F	-0.02%
ARCH	C	-0.02%
ASC	C	-0.02%
UFPI	D	-0.02%
UIS	D	-0.02%
IRWD	F	-0.02%
HVT	F	-0.02%
SPNS	A	-0.02%
ATRO	C	-0.02%
UVE	D	-0.02%
CENTA	D	-0.01%
APLD	B	-0.01%