ESML vs. VFQY ETF Comparison

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

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

$44.90

Average Daily Volume

88,928

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VFQY

Vanguard U.S. Quality Factor ETF

VFQY Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals 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 fundamentals 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

$145.31

Average Daily Volume

10,972

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VFQY
30 Days	6.19%	2.18%
60 Days	6.82%	2.57%
90 Days	7.85%	2.74%
12 Months	32.19%	26.15%

147 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VFQY	Overlap
AAP	D	0.06%	0.07%	0.06%
AEO	F	0.08%	0.29%	0.08%
AIT	B	0.13%	0.24%	0.13%
ALKS	C	0.1%	0.43%	0.1%
AMAL	B	0.1%	0.07%	0.07%
ANF	F	0.15%	0.36%	0.15%
APAM	B	0.1%	0.06%	0.06%
APPF	B	0.11%	0.24%	0.11%
ARLO	C	0.04%	0.08%	0.04%
ATEN	A	0.06%	0.12%	0.06%
ATKR	D	0.09%	0.02%	0.02%
AVAV	C	0.13%	0.06%	0.06%
AYI	B	0.34%	0.53%	0.34%
AZEK	A	0.13%	0.02%	0.02%
BCC	B	0.16%	0.16%	0.16%
BECN	B	0.14%	0.03%	0.03%
BHLB	B	0.2%	0.09%	0.09%
BJ	A	0.25%	0.27%	0.25%
BLD	D	0.26%	0.04%	0.04%
BMI	B	0.3%	0.07%	0.07%
BPOP	C	0.08%	0.4%	0.08%
BRKR	D	0.13%	0.05%	0.05%
BWA	D	0.18%	0.2%	0.18%
CAL	F	0.04%	0.11%	0.04%
CASY	A	0.52%	0.19%	0.19%
CBU	B	0.06%	0.09%	0.06%
CCRN	F	0.03%	0.12%	0.03%
CDNA	D	0.03%	0.07%	0.03%
CHE	D	0.14%	0.3%	0.14%
CNM	D	0.22%	0.26%	0.22%
CNO	B	0.2%	0.39%	0.2%
COKE	C	0.06%	0.32%	0.06%
COUR	F	0.04%	0.02%	0.02%
CPF	B	0.15%	0.12%	0.12%
CPRX	C	0.05%	0.04%	0.04%
CR	A	0.19%	0.21%	0.19%
CRAI	C	0.05%	0.06%	0.05%
CROX	D	0.15%	0.3%	0.15%
CRUS	D	0.15%	0.21%	0.15%
CRVL	B	0.09%	0.19%	0.09%
CSGS	B	0.11%	0.12%	0.11%
CTS	C	0.07%	0.04%	0.04%
CUBI	B	0.05%	0.11%	0.05%
CVBF	A	0.12%	0.08%	0.08%
CVLT	B	0.22%	0.49%	0.22%
DCI	B	0.25%	0.44%	0.25%
DFIN	D	0.12%	0.1%	0.1%
DUOL	A	0.18%	0.03%	0.03%
DXC	B	0.11%	0.09%	0.09%
EGY	D	0.04%	0.08%	0.04%
ELF	C	0.13%	0.09%	0.09%
EPAC	C	0.13%	0.17%	0.13%
EXLS	B	0.23%	0.04%	0.04%
EYE	C	0.06%	0.07%	0.06%
FBP	C	0.2%	0.48%	0.2%
FELE	B	0.22%	0.13%	0.13%
FIX	A	0.38%	0.11%	0.11%
FLO	D	0.04%	0.7%	0.04%
FULT	A	0.12%	0.06%	0.06%
GL	C	0.12%	0.33%	0.12%
GNRC	C	0.22%	0.03%	0.03%
GTLB	B	0.15%	0.13%	0.13%
HAE	C	0.12%	0.04%	0.04%
HAFC	B	0.07%	0.03%	0.03%
HAS	D	0.19%	0.25%	0.19%
HNI	B	0.15%	0.13%	0.13%
HWKN	B	0.07%	0.14%	0.07%
ICFI	F	0.08%	0.05%	0.05%
IESC	C	0.08%	0.19%	0.08%
INDB	B	0.08%	0.12%	0.08%
INGR	C	0.42%	0.15%	0.15%
IOSP	C	0.08%	0.07%	0.07%
JXN	C	0.14%	0.29%	0.14%
KD	B	0.1%	0.27%	0.1%
KELYA	F	0.03%	0.03%	0.03%
LCII	C	0.1%	0.1%	0.1%
LECO	C	0.2%	0.22%	0.2%
LNTH	D	0.1%	0.37%	0.1%
LOPE	C	0.05%	0.2%	0.05%
LPX	B	0.17%	0.33%	0.17%
LSCC	D	0.15%	0.09%	0.09%
LSTR	D	0.21%	0.5%	0.21%
M	F	0.13%	0.24%	0.13%
MAN	F	0.06%	0.1%	0.06%
MASI	B	0.06%	0.05%	0.05%
MAT	D	0.13%	0.4%	0.13%
MBUU	B	0.06%	0.1%	0.06%
MEDP	D	0.15%	0.22%	0.15%
MLKN	F	0.04%	0.08%	0.04%
MMS	F	0.04%	0.06%	0.04%
MOV	D	0.06%	0.03%	0.03%
MRC	B	0.05%	0.1%	0.05%
MSA	F	0.17%	0.29%	0.17%
MTG	C	0.23%	0.1%	0.1%
MUSA	B	0.34%	0.06%	0.06%
MYGN	F	0.03%	0.06%	0.03%
NMIH	C	0.09%	0.17%	0.09%
NWL	C	0.1%	0.02%	0.02%
NYT	D	0.18%	0.09%	0.09%
OII	B	0.06%	0.03%	0.03%
PDCO	F	0.13%	0.12%	0.12%
PEGA	B	0.11%	0.15%	0.11%
PEN	B	0.17%	0.12%	0.12%
PJT	A	0.1%	0.19%	0.1%
PLMR	A	0.08%	0.16%	0.08%
PLOW	D	0.05%	0.02%	0.02%
POWL	C	0.09%	0.06%	0.06%
PRI	B	0.23%	0.49%	0.23%
PSMT	D	0.05%	0.09%	0.05%
PVH	C	0.16%	0.17%	0.16%
RDN	D	0.09%	0.06%	0.06%
REVG	C	0.05%	0.04%	0.04%
RHI	C	0.21%	0.44%	0.21%
RL	C	0.09%	0.39%	0.09%
SHOO	F	0.11%	0.21%	0.11%
SLM	A	0.16%	0.47%	0.16%
SLVM	B	0.05%	0.12%	0.05%
SM	B	0.06%	0.08%	0.06%
SONO	C	0.07%	0.16%	0.07%
SSD	F	0.1%	0.33%	0.1%
STRL	A	0.13%	0.11%	0.11%
TBBK	B	0.08%	0.37%	0.08%
TDC	D	0.1%	0.38%	0.1%
TDOC	C	0.06%	0.16%	0.06%
TILE	B	0.08%	0.12%	0.08%
TNC	D	0.05%	0.03%	0.03%
TNET	F	0.08%	0.18%	0.08%
TPR	B	0.29%	0.23%	0.23%
TREX	C	0.07%	0.2%	0.07%
TXG	F	0.03%	0.11%	0.03%
UAA	C	0.05%	0.08%	0.05%
UPBD	B	0.06%	0.03%	0.03%
VITL	D	0.05%	0.05%	0.05%
VMI	B	0.13%	0.28%	0.13%
VOYA	B	0.16%	0.22%	0.16%
VRTS	B	0.06%	0.07%	0.06%
WCC	B	0.24%	0.09%	0.09%
WDFC	B	0.11%	0.2%	0.11%
WFRD	D	0.15%	0.22%	0.15%
WHD	B	0.12%	0.14%	0.12%
WMS	F	0.21%	0.2%	0.2%
WTS	B	0.21%	0.15%	0.15%
XRAY	F	0.05%	0.18%	0.05%
YELP	C	0.05%	0.13%	0.05%
YETI	D	0.12%	0.22%	0.12%
ZEUS	C	0.05%	0.06%	0.05%
ZION	B	0.2%	0.32%	0.2%

ESML Overweight 757 Positions Relative to VFQY

Symbol	Grade	Weight
JHG	B	0.51%
USFD	A	0.49%
CVNA	B	0.48%
SFM	A	0.43%
GWRE	A	0.43%
EWBC	A	0.4%
NTNX	B	0.36%
KBR	F	0.35%
FTI	A	0.35%
JLL	D	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	B	0.3%
RGA	A	0.3%
PNFP	B	0.3%
SNV	C	0.3%
SIGI	C	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	B	0.28%
ITT	A	0.28%
SCI	B	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%
GPK	C	0.26%
ALSN	B	0.26%
MWA	B	0.25%
WEX	D	0.25%
UNM	A	0.25%
AAON	B	0.25%
RRC	B	0.25%
PRGS	A	0.24%
FTAI	A	0.24%
UGI	C	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
HRI	C	0.24%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	A	0.23%
CBSH	B	0.23%
ARMK	B	0.23%
AWI	A	0.23%
ALK	B	0.23%
CW	C	0.23%
FHN	A	0.23%
THC	D	0.23%
SOFI	B	0.22%
FTDR	B	0.22%
LAD	A	0.22%
WAL	B	0.22%
CMC	B	0.22%
AR	B	0.22%
EGP	D	0.21%
CDP	C	0.21%
CMA	B	0.21%
CACI	D	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	F	0.21%
CUZ	B	0.21%
GME	C	0.21%
NJR	A	0.21%
ITRI	C	0.2%
HOG	D	0.2%
FND	D	0.2%
BDC	C	0.2%
KNSL	B	0.2%
WHR	B	0.2%
PLNT	A	0.2%
KBH	D	0.2%
TGNA	B	0.2%
MTN	C	0.2%
CUBE	C	0.2%
OMF	A	0.2%
NFG	A	0.2%
PCTY	C	0.2%
ENSG	C	0.2%
RLI	A	0.2%
HHH	B	0.2%
WK	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
AMG	B	0.19%
WING	D	0.19%
CIEN	C	0.19%
FCN	F	0.19%
LUMN	C	0.19%
ONB	C	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	F	0.19%
OHI	C	0.19%
SNDR	B	0.19%
DAR	C	0.19%
FRPT	A	0.19%
GPI	B	0.19%
AA	A	0.19%
NOVT	D	0.19%
RHP	B	0.19%
WWD	C	0.19%
NVT	B	0.19%
BANR	B	0.18%
SF	B	0.18%
SRPT	F	0.18%
SPXC	A	0.18%
THG	A	0.18%
GKOS	B	0.18%
KNTK	A	0.18%
MORN	B	0.18%
EPRT	B	0.18%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
MTH	D	0.17%
AEIS	C	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	C	0.17%
FN	C	0.17%
PCH	F	0.17%
TMHC	C	0.17%
PCOR	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
ASB	B	0.17%
VVV	D	0.17%
UBSI	B	0.17%
GATX	A	0.17%
WSC	F	0.17%
MTZ	B	0.17%
KTB	B	0.16%
DLB	B	0.16%
RGEN	D	0.16%
BRX	A	0.16%
MYRG	B	0.16%
DBX	B	0.16%
TTEK	F	0.16%
FAF	A	0.16%
EAT	A	0.16%
HQY	A	0.16%
TNL	A	0.16%
SPSC	D	0.16%
TKO	A	0.16%
ACIW	B	0.16%
BHE	C	0.16%
JAZZ	B	0.16%
SITE	F	0.16%
FLS	B	0.16%
ELAN	D	0.16%
GXO	B	0.16%
CFLT	B	0.15%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
WH	B	0.15%
MMSI	A	0.15%
FSS	B	0.15%
AM	A	0.15%
VNT	C	0.15%
FIBK	B	0.15%
CRS	B	0.15%
NOV	C	0.15%
RRX	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
PINC	B	0.14%
OZK	B	0.14%
HXL	F	0.14%
X	B	0.14%
CHDN	B	0.14%
GTLS	A	0.14%
ESI	B	0.14%
LFUS	D	0.14%
SR	A	0.14%
RYAN	A	0.14%
TPH	D	0.14%
SMAR	B	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	B	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
BILL	A	0.14%
IDCC	B	0.14%
ASGN	F	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
HESM	B	0.13%
CAVA	B	0.13%
CBT	D	0.13%
FYBR	C	0.13%
LRN	A	0.13%
ORI	A	0.13%
KNF	B	0.13%
KLIC	B	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CYTK	F	0.13%
CPK	A	0.13%
MUR	D	0.13%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
COLB	B	0.13%
CABO	B	0.13%
AGCO	D	0.13%
HIW	C	0.13%
AGNC	C	0.12%
OLLI	D	0.12%
EVR	B	0.12%
IRDM	D	0.12%
QTWO	A	0.12%
KOS	D	0.12%
RKLB	A	0.12%
WGO	C	0.12%
BLKB	B	0.12%
S	B	0.12%
ABG	C	0.12%
CRDO	B	0.12%
WERN	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
GAP	C	0.12%
PATH	C	0.11%
TXRH	B	0.11%
JEF	A	0.11%
ORA	B	0.11%
KRC	B	0.11%
GMED	A	0.11%
ABCB	B	0.11%
AUB	B	0.11%
VKTX	F	0.11%
LYFT	C	0.11%
XENE	D	0.11%
CRNX	C	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
SON	F	0.11%
ADC	A	0.11%
MRCY	C	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	B	0.11%
VC	F	0.1%
RXO	D	0.1%
CFR	B	0.1%
HASI	D	0.1%
ERII	D	0.1%
AROC	A	0.1%
SCL	C	0.1%
RVMD	C	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	C	0.1%
TRN	B	0.1%
FA	C	0.1%
DV	C	0.1%
CAC	C	0.1%
STWD	C	0.1%
FUL	F	0.1%
VECO	F	0.1%
NXT	C	0.1%
SLG	B	0.1%
ETSY	D	0.1%
DY	D	0.1%
BHVN	D	0.1%
DNLI	D	0.1%
DRS	B	0.1%
CRC	A	0.1%
LITE	B	0.1%
PFSI	C	0.1%
FLR	B	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	B	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
SIG	B	0.1%
CGNX	D	0.1%
ALTM	B	0.1%
PSN	D	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%
ABM	B	0.09%
UPST	B	0.09%
U	C	0.09%
ARW	D	0.09%
KFY	B	0.09%
CNK	C	0.09%
WEN	D	0.09%
POST	C	0.09%
SHAK	C	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%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
SJW	F	0.09%
HWC	B	0.09%
MARA	B	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	0.08%
SBRA	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	F	0.08%
KTOS	B	0.08%
KOP	C	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	B	0.08%
BL	B	0.08%
SPB	C	0.08%
ACLX	C	0.08%
SNX	D	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
INTA	B	0.08%
ST	F	0.08%
ALG	B	0.08%
SASR	B	0.08%
PLYA	B	0.08%
PRVA	C	0.08%
LBPH	A	0.08%
TEX	F	0.08%
CHWY	B	0.08%
INSP	D	0.08%
ENOV	C	0.08%
VAC	C	0.08%
TDS	B	0.08%
PIPR	A	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	C	0.08%
HR	B	0.08%
NTGR	B	0.08%
UNIT	B	0.08%
BOH	B	0.08%
LNN	B	0.08%
STC	B	0.08%
MAC	B	0.08%
PRCT	B	0.08%
JBT	B	0.08%
DOCS	C	0.08%
GVA	A	0.08%
ZD	B	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	A	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
WU	F	0.07%
GT	C	0.07%
HGV	C	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
COLM	C	0.07%
VSCO	C	0.07%
CWK	C	0.07%
GTES	A	0.07%
BDN	C	0.07%
ESNT	F	0.07%
VVX	C	0.07%
ENR	B	0.07%
AVNT	B	0.07%
PRGO	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	D	0.07%
HIMS	B	0.07%
MHK	D	0.07%
GH	B	0.07%
BROS	A	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	C	0.07%
WTFC	A	0.07%
WRBY	A	0.07%
AN	C	0.07%
PI	D	0.07%
SXT	C	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	F	0.06%
CAR	C	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
TMCI	C	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	B	0.06%
PRO	C	0.06%
DCO	C	0.06%
VERA	C	0.06%
RBBN	C	0.06%
PBF	D	0.06%
SATS	D	0.06%
W	D	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
LXP	D	0.06%
VRNT	C	0.06%
JWN	D	0.06%
POWI	F	0.06%
CMCO	C	0.06%
CHH	A	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
EXP	B	0.06%
CLH	C	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
MGNI	B	0.06%
AGO	B	0.06%
CAKE	C	0.06%
RUSHB	C	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	B	0.06%
ANDE	D	0.06%
FROG	C	0.06%
SFBS	C	0.06%
PYCR	B	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	C	0.06%
SMTC	B	0.06%
PLUS	F	0.06%
OWL	A	0.06%
NVST	B	0.06%
PPBI	C	0.06%
ACVA	B	0.06%
RCM	A	0.06%
ROIV	C	0.06%
FLYW	B	0.06%
APG	B	0.06%
IDYA	F	0.06%
HURN	C	0.06%
PK	C	0.06%
ADMA	B	0.06%
CLB	B	0.06%
MNKD	C	0.06%
CCS	D	0.06%
TALO	C	0.06%
TGI	B	0.06%
BYD	B	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	B	0.06%
KE	C	0.06%
ENV	B	0.06%
FUN	C	0.06%
KREF	C	0.06%
VRNS	D	0.06%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	A	0.06%
VRDN	D	0.06%
VERX	A	0.06%
PDM	D	0.06%
PAHC	C	0.06%
CALM	A	0.06%
IBOC	B	0.06%
WD	D	0.06%
RH	C	0.06%
VVI	C	0.06%
FFIN	B	0.06%
COMP	B	0.06%
PAYO	A	0.06%
BANC	B	0.06%
NARI	C	0.06%
SWTX	C	0.05%
KLG	B	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	F	0.05%
HZO	F	0.05%
BNL	D	0.05%
AXL	C	0.05%
ARVN	F	0.05%
PBI	B	0.05%
NUVB	C	0.05%
THRM	F	0.05%
ETNB	C	0.05%
HLX	B	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
DOCN	C	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	B	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	C	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
CLVT	D	0.05%
GOGO	C	0.05%
ACEL	C	0.05%
BASE	B	0.05%
WNC	C	0.05%
MLTX	B	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
ASAN	B	0.05%
MLNK	C	0.05%
MODG	F	0.05%
MPW	F	0.05%
AI	B	0.05%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
BEAM	D	0.05%
AWR	B	0.05%
XPEL	B	0.05%
PFS	B	0.05%
PGRE	F	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	C	0.05%
PRAA	D	0.05%
HAIN	D	0.05%
INFN	D	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	C	0.05%
SMP	C	0.05%
LCID	F	0.05%
ELVN	D	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
KYMR	D	0.05%
HAYW	B	0.05%
EMBC	C	0.05%
NEO	C	0.05%
XPRO	D	0.05%
RAMP	B	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	C	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
CC	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	B	0.05%
GEF	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
ADUS	D	0.05%
LIVN	F	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	0.05%
KMPR	A	0.05%
EPR	C	0.05%
MDGL	B	0.05%
ASTE	C	0.05%
ARWR	D	0.05%
KVYO	C	0.05%
UFPT	C	0.05%
RNG	C	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
ARQT	B	0.05%
GEF	A	0.05%
NUVL	C	0.05%
LEG	F	0.05%
JBGS	F	0.05%
RUSHA	C	0.05%
MXL	C	0.05%
NCNO	C	0.05%
COOP	B	0.05%
COLD	D	0.05%
CALX	D	0.05%
NBHC	C	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CIVI	D	0.05%
RCKT	F	0.04%
OMI	F	0.04%
FOXF	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
FORM	D	0.04%
BKD	F	0.04%
HOUS	F	0.04%
GPRE	F	0.04%
FLGT	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%
PGNY	F	0.04%
CLDX	F	0.04%
ESTA	D	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CXM	C	0.04%
TNDM	D	0.04%
CGEM	F	0.04%
SAVA	C	0.04%
LESL	D	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MTUS	C	0.04%
AMN	F	0.04%
OSCR	D	0.04%
AMC	C	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%
DK	C	0.04%
QDEL	F	0.04%
ALEC	F	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	F	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
CWT	C	0.04%
THS	D	0.04%
UCB	A	0.04%
KRYS	C	0.04%
RXRX	F	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	F	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
ANAB	F	0.03%
WOLF	F	0.03%
MEG	F	0.03%
SITC	D	0.03%
CNXC	F	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
CRMT	D	0.03%
APLS	F	0.03%
CPRI	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	D	0.03%
STAA	F	0.03%
JELD	F	0.03%
AGL	F	0.02%
MC	C	0.02%
NOVA	F	0.02%
VSAT	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	D	0.01%

ESML Underweight 239 Positions Relative to VFQY

Symbol	Grade	Weight
NKE	F	-2.14%
GILD	C	-2.1%
MMM	D	-2.1%
AAPL	C	-2.03%
TGT	F	-1.91%
QCOM	F	-1.88%
LULU	C	-1.81%
WMT	A	-1.74%
TJX	A	-1.74%
MRK	D	-1.69%
KLAC	F	-1.63%
KMB	C	-1.62%
ADBE	C	-1.6%
CTAS	B	-1.58%
PEP	F	-1.54%
JNJ	C	-1.38%
AXP	A	-1.37%
PYPL	B	-1.29%
COST	A	-1.16%
AMZN	C	-1.12%
META	D	-1.0%
IDXX	F	-0.78%
CHRW	B	-0.73%
PAYX	B	-0.63%
EQH	C	-0.61%
AMP	A	-0.57%
FAST	B	-0.55%
NVDA	B	-0.53%
STT	B	-0.53%
BBY	D	-0.5%
AMAT	F	-0.49%
MSM	C	-0.49%
NTAP	C	-0.49%
RPM	A	-0.47%
KR	B	-0.46%
AFL	B	-0.46%
AIG	B	-0.44%
BLDR	D	-0.44%
EBAY	D	-0.43%
POOL	C	-0.42%
VRT	B	-0.39%
EXPE	B	-0.38%
AX	B	-0.37%
KVUE	A	-0.37%
CAT	B	-0.36%
CASH	B	-0.36%
GWW	B	-0.35%
DKS	D	-0.35%
ECL	D	-0.34%
OFG	B	-0.34%
IT	C	-0.34%
MANH	D	-0.33%
UFPI	C	-0.33%
NTRS	A	-0.33%
DECK	A	-0.33%
WLY	B	-0.32%
QLYS	B	-0.32%
MPWR	F	-0.32%
BFH	C	-0.32%
TPL	A	-0.31%
WSFS	B	-0.31%
EL	F	-0.3%
ROK	C	-0.3%
EA	A	-0.29%
DLTR	F	-0.29%
CDNS	B	-0.28%
AOS	F	-0.28%
LMB	B	-0.28%
SYF	B	-0.28%
SKX	D	-0.27%
APOG	C	-0.27%
BR	A	-0.26%
AVY	F	-0.26%
NTB	B	-0.26%
ADSK	A	-0.26%
HIG	B	-0.26%
ULTA	F	-0.24%
LLY	F	-0.24%
BBW	C	-0.24%
A	D	-0.23%
NUS	D	-0.23%
UTHR	C	-0.22%
YOU	D	-0.22%
HSY	F	-0.22%
CFG	B	-0.22%
BLBD	D	-0.22%
EXPD	C	-0.21%
MLI	B	-0.21%
GPC	D	-0.21%
CPNG	D	-0.21%
PII	F	-0.2%
KFRC	D	-0.2%
TTC	C	-0.2%
SAM	C	-0.2%
ROKU	D	-0.19%
PPG	F	-0.19%
BBSI	B	-0.18%
ASO	F	-0.18%
TK	D	-0.17%
EXTR	C	-0.17%
CHCO	B	-0.17%
ROL	B	-0.17%
CSWI	B	-0.17%
IDT	B	-0.16%
PSTG	D	-0.16%
MA	B	-0.16%
RMD	C	-0.16%
GOOGL	C	-0.16%
ILMN	C	-0.16%
ADP	A	-0.16%
JKHY	D	-0.16%
MPC	D	-0.15%
SCS	C	-0.15%
NSP	F	-0.15%
BXC	B	-0.15%
PLAB	C	-0.15%
FIZZ	C	-0.15%
COR	B	-0.14%
HCKT	B	-0.14%
GMS	B	-0.14%
MOH	F	-0.14%
EOG	A	-0.14%
BOKF	B	-0.14%
FFIV	B	-0.14%
BELFB	C	-0.13%
PRDO	B	-0.13%
JBSS	F	-0.13%
FC	F	-0.13%
GIII	D	-0.13%
CHGG	C	-0.13%
AON	A	-0.13%
JBL	C	-0.12%
WABC	B	-0.12%
XP	F	-0.12%
CMI	A	-0.12%
BHF	C	-0.11%
UVE	B	-0.11%
CEIX	A	-0.11%
CATY	B	-0.11%
PCRX	C	-0.11%
INCY	C	-0.11%
BKE	B	-0.11%
NVR	D	-0.11%
PRMW	C	-0.11%
MCRI	A	-0.1%
PFGC	B	-0.1%
ODFL	C	-0.1%
THRY	D	-0.1%
LANC	C	-0.1%
SPTN	D	-0.1%
TER	F	-0.1%
SRCE	B	-0.1%
ACAD	C	-0.1%
PINS	F	-0.1%
RS	B	-0.1%
KAI	B	-0.1%
SUPN	C	-0.09%
RSI	A	-0.09%
TCBI	C	-0.09%
SPOT	B	-0.09%
SOLV	D	-0.09%
OXM	F	-0.09%
CSL	C	-0.09%
LZB	B	-0.09%
SFIX	B	-0.08%
SEIC	B	-0.08%
ENPH	F	-0.08%
CRCT	F	-0.08%
EME	A	-0.08%
ETD	C	-0.08%
GGG	B	-0.08%
ROST	D	-0.08%
CDRE	F	-0.08%
AMSF	B	-0.08%
CDW	F	-0.08%
SBSI	C	-0.07%
ANIP	F	-0.07%
MCO	B	-0.07%
ACT	C	-0.07%
YEXT	B	-0.07%
PRLB	B	-0.07%
CNXN	C	-0.07%
ASC	F	-0.07%
CARG	B	-0.07%
GCO	C	-0.07%
DHIL	B	-0.07%
ODP	F	-0.07%
LYTS	B	-0.06%
NSSC	D	-0.06%
USNA	C	-0.06%
OLN	F	-0.06%
STLD	B	-0.06%
HOLX	D	-0.06%
DAKT	C	-0.06%
EVER	D	-0.06%
PG	C	-0.06%
ACCO	C	-0.05%
ALGN	D	-0.05%
OSUR	F	-0.05%
HVT	D	-0.05%
WTTR	A	-0.05%
TRIP	F	-0.05%
IMKTA	C	-0.05%
TTI	B	-0.05%
SCHL	F	-0.04%
ORGO	B	-0.04%
TH	C	-0.04%
UTI	B	-0.04%
MCFT	C	-0.04%
HY	D	-0.04%
AMR	C	-0.04%
LQDT	B	-0.04%
GOLF	B	-0.04%
SNA	A	-0.04%
SXI	B	-0.04%
MBIN	F	-0.04%
HNST	A	-0.04%
OEC	C	-0.04%
TNK	F	-0.04%
SXC	A	-0.03%
FBIN	D	-0.03%
SN	D	-0.03%
BKNG	A	-0.03%
MLAB	F	-0.03%
ANGO	C	-0.03%
UDMY	D	-0.03%
GPRO	F	-0.03%
TBI	F	-0.03%
MYE	F	-0.03%
PFBC	B	-0.02%
TCBK	C	-0.02%
INGN	C	-0.02%
KRNY	C	-0.02%
EGBN	B	-0.02%
RYI	C	-0.02%
RGP	F	-0.02%
TCMD	B	-0.02%
LKFN	C	-0.02%
CXT	C	-0.02%