ESML vs. VFVA ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Vanguard Wellington Fund ETF (VFVA)

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

$43.86

Average Daily Volume

101,812

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

VFVA

Vanguard Wellington Fund ETF

VFVA Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values 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 relatively lower share prices relative to fundamental values as determined by the advisor. 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

$125.50

Average Daily Volume

12,947

Number of Holdings ^*

613

* may have additional holdings in another (foreign) market

Performance

Period	ESML	VFVA
30 Days	3.59%	3.43%
60 Days	8.04%	7.58%
90 Days	12.60%	10.68%
12 Months	30.25%	26.00%

235 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in VFVA	Overlap
ABCB	B	0.1%	0.16%	0.1%
ABG	B	0.12%	0.15%	0.12%
AEO	F	0.09%	0.18%	0.09%
AGCO	F	0.13%	0.18%	0.13%
AL	B	0.1%	0.41%	0.1%
ALK	A	0.22%	0.23%	0.22%
ALKS	C	0.1%	0.02%	0.02%
ALSN	B	0.25%	0.16%	0.16%
AMAL	B	0.1%	0.03%	0.03%
AMBC	C	0.05%	0.03%	0.03%
AMG	B	0.18%	0.21%	0.18%
AMWD	B	0.07%	0.06%	0.06%
ANDE	D	0.06%	0.12%	0.06%
AR	B	0.2%	0.13%	0.13%
ARCB	C	0.05%	0.08%	0.05%
ARW	F	0.09%	0.43%	0.09%
ASB	B	0.16%	0.13%	0.13%
ASGN	D	0.15%	0.05%	0.05%
ATGE	C	0.05%	0.11%	0.05%
ATKR	C	0.09%	0.26%	0.09%
AUB	A	0.1%	0.09%	0.09%
AVT	C	0.28%	0.25%	0.25%
AXL	C	0.04%	0.16%	0.04%
AXS	A	0.18%	0.26%	0.18%
BANC	B	0.06%	0.12%	0.06%
BANR	B	0.16%	0.09%	0.09%
BC	D	0.08%	0.18%	0.08%
BCC	B	0.16%	0.07%	0.07%
BERY	D	0.17%	0.38%	0.17%
BHE	C	0.16%	0.02%	0.02%
BHLB	B	0.19%	0.08%	0.08%
BKU	A	0.05%	0.15%	0.05%
BPOP	C	0.07%	0.06%	0.06%
BRY	F	0.04%	0.14%	0.04%
BWA	B	0.18%	0.25%	0.18%
BYD	A	0.06%	0.18%	0.06%
CADE	B	0.13%	0.16%	0.13%
CAL	D	0.04%	0.06%	0.04%
CC	C	0.06%	0.02%	0.02%
CCRN	F	0.04%	0.07%	0.04%
CCS	F	0.07%	0.18%	0.07%
CIVI	D	0.06%	0.33%	0.06%
CLF	F	0.07%	0.21%	0.07%
CLW	F	0.04%	0.11%	0.04%
CMA	A	0.19%	0.15%	0.15%
CMC	B	0.21%	0.19%	0.19%
CMCO	C	0.05%	0.03%	0.03%
CNO	B	0.19%	0.04%	0.04%
CNXC	F	0.03%	0.06%	0.03%
COHR	C	0.27%	0.07%	0.07%
COLB	A	0.12%	0.34%	0.12%
COOP	B	0.05%	0.13%	0.05%
CRC	B	0.1%	0.15%	0.1%
CROX	F	0.16%	0.06%	0.06%
CUBI	B	0.05%	0.1%	0.05%
CWK	C	0.08%	0.08%	0.08%
DAR	B	0.19%	0.17%	0.17%
DBX	B	0.16%	0.2%	0.16%
DLX	B	0.05%	0.14%	0.05%
DNOW	B	0.05%	0.09%	0.05%
DTM	A	0.27%	0.17%	0.17%
DXC	B	0.11%	0.23%	0.11%
EAT	B	0.15%	0.08%	0.08%
EFSC	B	0.1%	0.17%	0.1%
EGY	F	0.04%	0.1%	0.04%
ELAN	C	0.15%	0.14%	0.14%
EMBC	C	0.05%	0.07%	0.05%
EPC	F	0.05%	0.02%	0.02%
ESI	B	0.14%	0.03%	0.03%
ESNT	D	0.07%	0.45%	0.07%
ETWO	F	0.04%	0.04%	0.04%
EWBC	B	0.39%	0.08%	0.08%
EYE	C	0.07%	0.11%	0.07%
FAF	C	0.16%	0.08%	0.08%
FFBC	B	0.05%	0.2%	0.05%
FHN	A	0.21%	0.1%	0.1%
FIBK	B	0.14%	0.07%	0.07%
FIVE	F	0.11%	0.11%	0.11%
FL	F	0.06%	0.09%	0.06%
FMC	F	0.17%	0.05%	0.05%
FOXF	F	0.04%	0.09%	0.04%
FULT	B	0.11%	0.1%	0.1%
GAP	B	0.12%	0.1%	0.1%
GATX	B	0.17%	0.05%	0.05%
GBX	A	0.06%	0.16%	0.06%
GDOT	C	0.01%	0.12%	0.01%
GEF	B	0.05%	0.05%	0.05%
GEF	B	0.05%	0.05%	0.05%
GL	B	0.12%	0.08%	0.08%
GO	C	0.04%	0.02%	0.02%
GPI	B	0.18%	0.06%	0.06%
GPK	D	0.27%	0.06%	0.06%
GPRE	F	0.04%	0.09%	0.04%
GRBK	D	0.05%	0.05%	0.05%
GT	C	0.07%	0.34%	0.07%
GTES	B	0.07%	0.3%	0.07%
HAFC	B	0.06%	0.07%	0.06%
HAIN	F	0.07%	0.18%	0.07%
HBI	B	0.07%	0.09%	0.07%
HCC	C	0.05%	0.19%	0.05%
HELE	C	0.06%	0.18%	0.06%
HGV	B	0.06%	0.02%	0.02%
HI	C	0.06%	0.07%	0.06%
HLX	C	0.04%	0.12%	0.04%
HOG	D	0.2%	0.18%	0.18%
HRB	D	0.2%	0.13%	0.13%
HRI	C	0.25%	0.22%	0.22%
HWC	B	0.08%	0.19%	0.08%
HZO	F	0.05%	0.04%	0.04%
IART	C	0.06%	0.11%	0.06%
INDB	B	0.07%	0.07%	0.07%
INGR	B	0.45%	0.17%	0.17%
IVZ	B	0.25%	0.19%	0.19%
JAZZ	B	0.15%	0.17%	0.15%
JEF	B	0.1%	0.17%	0.1%
JELD	F	0.03%	0.13%	0.03%
JHG	A	0.49%	0.07%	0.07%
JLL	C	0.38%	0.12%	0.12%
JXN	C	0.15%	0.15%	0.15%
KBH	D	0.22%	0.21%	0.21%
KELYA	F	0.05%	0.06%	0.05%
KFY	B	0.09%	0.07%	0.07%
KOP	C	0.07%	0.16%	0.07%
KOS	D	0.11%	0.19%	0.11%
LBRDA	C	0.12%	0.06%	0.06%
LEA	F	0.11%	0.17%	0.11%
LEG	F	0.06%	0.22%	0.06%
LNC	B	0.09%	0.32%	0.09%
M	C	0.13%	0.22%	0.13%
MAN	F	0.07%	0.12%	0.07%
MAT	C	0.14%	0.09%	0.09%
MBUU	C	0.06%	0.15%	0.06%
MDU	D	0.17%	0.18%	0.17%
MEI	F	0.04%	0.02%	0.02%
MHK	D	0.07%	0.28%	0.07%
MHO	D	0.06%	0.19%	0.06%
MLKN	D	0.04%	0.07%	0.04%
MODG	F	0.06%	0.09%	0.06%
MOV	C	0.06%	0.04%	0.04%
MRC	B	0.05%	0.04%	0.04%
MTG	C	0.23%	0.28%	0.23%
MTH	D	0.18%	0.05%	0.05%
MTUS	D	0.04%	0.11%	0.04%
MUR	D	0.13%	0.29%	0.13%
NBHC	B	0.05%	0.03%	0.03%
NBTB	B	0.05%	0.08%	0.05%
NCLH	B	0.24%	0.04%	0.04%
NMIH	D	0.09%	0.07%	0.07%
NOV	C	0.15%	0.19%	0.15%
NVST	C	0.06%	0.09%	0.06%
NWL	B	0.1%	0.13%	0.1%
NXST	C	0.1%	0.05%	0.05%
OGN	F	0.09%	0.15%	0.09%
OMCL	C	0.06%	0.11%	0.06%
OMF	A	0.19%	0.07%	0.07%
OMI	F	0.04%	0.16%	0.04%
ONB	B	0.17%	0.21%	0.17%
ORI	A	0.13%	0.13%	0.13%
OZK	B	0.13%	0.12%	0.12%
PBF	F	0.05%	0.18%	0.05%
PBI	C	0.05%	0.07%	0.05%
PENN	B	0.04%	0.06%	0.04%
PFS	B	0.05%	0.06%	0.05%
PFSI	D	0.11%	0.05%	0.05%
PINC	B	0.14%	0.02%	0.02%
PLAY	C	0.06%	0.08%	0.06%
PNFP	B	0.27%	0.11%	0.11%
PPBI	B	0.06%	0.11%	0.06%
PR	C	0.18%	0.17%	0.17%
PRGO	C	0.07%	0.24%	0.07%
PTEN	C	0.04%	0.21%	0.04%
PVH	C	0.16%	0.21%	0.16%
R	B	0.28%	0.41%	0.28%
RDN	C	0.09%	0.28%	0.09%
RDUS	D	0.1%	0.04%	0.04%
REVG	B	0.05%	0.07%	0.05%
REZI	A	0.19%	0.14%	0.14%
RGA	A	0.29%	0.04%	0.04%
RNG	C	0.06%	0.17%	0.06%
RNR	D	0.26%	0.2%	0.2%
RNST	B	0.08%	0.1%	0.08%
RRC	B	0.24%	0.1%	0.1%
RRX	B	0.15%	0.12%	0.12%
RUSHA	B	0.05%	0.06%	0.05%
SASR	A	0.07%	0.11%	0.07%
SATS	D	0.06%	0.09%	0.06%
SBH	A	0.05%	0.16%	0.05%
SF	A	0.16%	0.14%	0.14%
SLM	A	0.15%	0.03%	0.03%
SLVM	C	0.06%	0.16%	0.06%
SM	C	0.06%	0.22%	0.06%
SMP	B	0.05%	0.09%	0.05%
SNDR	B	0.19%	0.15%	0.15%
SNV	B	0.28%	0.2%	0.2%
SNX	C	0.08%	0.24%	0.08%
SON	F	0.12%	0.21%	0.12%
SSB	B	0.26%	0.08%	0.08%
ST	F	0.08%	0.15%	0.08%
STC	C	0.08%	0.1%	0.08%
TALO	C	0.06%	0.04%	0.04%
TDOC	C	0.06%	0.13%	0.06%
TDS	C	0.08%	0.12%	0.08%
TEX	D	0.08%	0.21%	0.08%
TGNA	B	0.18%	0.2%	0.18%
THG	A	0.17%	0.04%	0.04%
TMHC	B	0.18%	0.06%	0.06%
TNL	A	0.15%	0.21%	0.15%
TOL	B	0.27%	0.16%	0.16%
TPH	C	0.14%	0.21%	0.14%
TPR	A	0.25%	0.04%	0.04%
TROX	F	0.05%	0.2%	0.05%
UCB	B	0.04%	0.02%	0.02%
UNFI	B	0.08%	0.12%	0.08%
UNM	A	0.23%	0.6%	0.23%
UPBD	B	0.06%	0.07%	0.06%
VAC	B	0.07%	0.09%	0.07%
VBTX	B	0.06%	0.13%	0.06%
VLY	B	0.14%	0.09%	0.09%
VREX	C	0.06%	0.07%	0.06%
VRNT	D	0.05%	0.04%	0.04%
VSCO	B	0.06%	0.06%	0.06%
VYX	B	0.05%	0.02%	0.02%
WAL	B	0.21%	0.18%	0.18%
WBS	A	0.24%	0.22%	0.22%
WCC	B	0.22%	0.2%	0.2%
WERN	B	0.12%	0.03%	0.03%
WHR	B	0.19%	0.21%	0.19%
WKC	C	0.05%	0.16%	0.05%
WNC	C	0.05%	0.04%	0.04%
XRAY	F	0.07%	0.06%	0.06%
XRX	F	0.04%	0.05%	0.04%
ZD	B	0.07%	0.17%	0.07%
ZEUS	C	0.05%	0.07%	0.05%
ZI	C	0.1%	0.2%	0.1%
ZION	B	0.18%	0.16%	0.16%

ESML Overweight 669 Positions Relative to VFVA

Symbol	Grade	Weight
CASY	B	0.52%
CVNA	B	0.48%
USFD	B	0.48%
SFM	B	0.43%
GWRE	A	0.43%
KBR	D	0.41%
FIX	B	0.37%
NTNX	B	0.34%
FTI	B	0.34%
FLEX	B	0.33%
MUSA	B	0.33%
REXR	F	0.33%
AYI	A	0.33%
FRT	B	0.32%
XPO	B	0.32%
RGLD	C	0.32%
OGS	B	0.31%
EHC	B	0.3%
OSK	B	0.29%
BMI	B	0.29%
IBKR	A	0.29%
BLD	F	0.28%
SUM	B	0.28%
BWXT	B	0.28%
ITT	A	0.28%
GBCI	B	0.28%
CNX	B	0.27%
BJ	B	0.27%
SAIA	B	0.27%
SCI	B	0.27%
SIGI	B	0.27%
WMS	F	0.26%
NTRA	B	0.26%
AXTA	A	0.26%
ATR	A	0.25%
CACI	C	0.25%
THC	B	0.25%
UGI	D	0.25%
UMBF	B	0.25%
PCVX	D	0.25%
DCI	A	0.25%
MWA	B	0.24%
ARMK	B	0.24%
CNM	D	0.24%
CW	C	0.24%
WEX	D	0.24%
EXLS	B	0.23%
BFAM	F	0.23%
MOG.A	B	0.23%
ONTO	F	0.23%
CDP	C	0.23%
AWI	B	0.23%
PRGS	A	0.23%
FND	F	0.22%
FTAI	B	0.22%
GNRC	B	0.22%
FTDR	B	0.22%
AAON	B	0.22%
ENSG	C	0.22%
PRI	B	0.22%
CUZ	B	0.22%
AA	C	0.21%
HAS	D	0.21%
SRPT	F	0.21%
NFG	D	0.21%
ZWS	B	0.21%
CBSH	A	0.21%
HHH	B	0.21%
INSM	C	0.21%
LAD	B	0.21%
LSTR	B	0.21%
CVLT	B	0.21%
FELE	B	0.21%
CUBE	D	0.21%
EGP	D	0.21%
NJR	A	0.21%
MTN	C	0.2%
FCN	F	0.2%
FRPT	B	0.2%
TTEK	F	0.2%
LECO	C	0.2%
VFC	C	0.2%
OHI	C	0.2%
AFRM	B	0.2%
PCTY	B	0.2%
LNW	F	0.2%
BDC	C	0.2%
ITRI	B	0.2%
RHI	B	0.2%
WTS	B	0.2%
GME	C	0.19%
WK	B	0.19%
NVT	C	0.19%
ENLC	A	0.19%
FBP	B	0.19%
AVA	C	0.19%
WWD	B	0.19%
RHP	B	0.19%
WSC	F	0.19%
RLI	A	0.19%
NOVT	C	0.19%
CR	B	0.19%
DUOL	A	0.18%
PCH	F	0.18%
NYT	C	0.18%
MTZ	B	0.18%
WING	D	0.18%
CIEN	B	0.18%
EPRT	C	0.18%
SOFI	B	0.18%
MORN	B	0.18%
KNSL	C	0.18%
RGEN	C	0.17%
TKO	D	0.17%
VVV	B	0.17%
AEIS	B	0.17%
LPX	A	0.17%
LUMN	C	0.17%
GKOS	B	0.17%
PLNT	A	0.17%
MSA	D	0.17%
SITE	D	0.17%
PLXS	C	0.17%
SPXC	B	0.17%
PEN	C	0.17%
VOYA	B	0.16%
WFRD	F	0.16%
SPSC	F	0.16%
FLS	B	0.16%
UBSI	B	0.16%
LSCC	D	0.16%
FN	C	0.16%
BRX	A	0.16%
CHX	C	0.16%
ITCI	B	0.16%
ESTC	C	0.16%
GXO	B	0.16%
KNTK	B	0.16%
LAZ	C	0.16%
DLB	D	0.16%
PCOR	B	0.16%
ALTR	C	0.15%
CRS	B	0.15%
ANF	C	0.15%
HNI	B	0.15%
BRKR	F	0.15%
CZR	F	0.15%
GTLB	B	0.15%
MEDP	D	0.15%
MYRG	B	0.15%
MMSI	B	0.15%
MOD	D	0.15%
AM	B	0.15%
KTB	A	0.15%
X	D	0.15%
VNT	C	0.15%
HQY	B	0.15%
LNTH	F	0.15%
CRUS	F	0.15%
ACIW	B	0.15%
SR	C	0.14%
BCPC	B	0.14%
VKTX	F	0.14%
ECG	D	0.14%
RMBS	C	0.14%
CHDN	B	0.14%
ACA	B	0.14%
IDCC	B	0.14%
KLIC	C	0.14%
CFLT	B	0.14%
AVAV	C	0.14%
RYAN	B	0.14%
WH	A	0.14%
HXL	F	0.14%
LFUS	D	0.14%
ATI	F	0.14%
FSS	C	0.14%
SMAR	A	0.14%
HIW	D	0.14%
NSIT	F	0.14%
PDCO	F	0.14%
THO	B	0.13%
CAVA	C	0.13%
CRDO	C	0.13%
WTM	A	0.13%
CABO	B	0.13%
HALO	C	0.13%
HASI	F	0.13%
EPAC	B	0.13%
LRN	B	0.13%
IBCP	B	0.13%
ITGR	B	0.13%
HESM	C	0.13%
CPK	A	0.13%
CYTK	C	0.13%
SWX	B	0.13%
KNF	C	0.13%
BOX	A	0.13%
MKSI	C	0.13%
AZEK	B	0.13%
CPF	B	0.13%
VMI	B	0.13%
BECN	B	0.13%
CBT	C	0.13%
TPX	B	0.13%
CHE	D	0.13%
FYBR	D	0.13%
PRIM	B	0.13%
NXT	C	0.12%
BLKB	C	0.12%
AIT	A	0.12%
YETI	D	0.12%
WHD	B	0.12%
WGO	B	0.12%
XENE	C	0.12%
S	B	0.12%
SHOO	D	0.12%
AGNC	C	0.12%
ELF	C	0.12%
PSN	C	0.12%
MTX	B	0.12%
IRDM	B	0.12%
OLLI	C	0.12%
NPO	B	0.12%
GTLS	B	0.12%
ADT	C	0.12%
CGNX	C	0.11%
ACHC	F	0.11%
HAE	B	0.11%
TRNO	F	0.11%
SLG	C	0.11%
APPF	B	0.11%
ETSY	D	0.11%
QTWO	B	0.11%
PATH	C	0.11%
EVR	B	0.11%
IBP	F	0.11%
LCII	D	0.11%
BHVN	C	0.11%
VECO	F	0.11%
KRC	C	0.11%
WDFC	B	0.11%
CRNX	B	0.11%
CCOI	C	0.11%
ALTM	C	0.11%
ORA	B	0.11%
ECPG	C	0.11%
ADC	A	0.11%
FLR	C	0.11%
DFIN	D	0.11%
STRL	B	0.11%
IMAX	B	0.1%
TDC	F	0.1%
INSP	F	0.1%
POWL	C	0.1%
PRCT	C	0.1%
WEN	C	0.1%
VC	F	0.1%
CSGS	B	0.1%
MRCY	B	0.1%
SJW	F	0.1%
SCL	C	0.1%
KAR	B	0.1%
FA	D	0.1%
ERII	B	0.1%
RVMD	C	0.1%
SIG	B	0.1%
BILL	B	0.1%
APAM	B	0.1%
RXO	C	0.1%
HCP	A	0.1%
CVBF	B	0.1%
DNLI	C	0.1%
DRS	C	0.1%
FUL	F	0.1%
U	F	0.1%
SSD	F	0.1%
TXRH	A	0.1%
PEGA	B	0.1%
DY	C	0.1%
GMED	B	0.1%
STWD	C	0.1%
OLED	F	0.09%
HR	C	0.09%
MIR	B	0.09%
CRSP	D	0.09%
EWTX	C	0.09%
UNIT	C	0.09%
KD	A	0.09%
CRVL	B	0.09%
ESE	B	0.09%
ABM	B	0.09%
LYFT	B	0.09%
ICFI	C	0.09%
PJT	B	0.09%
MGRC	B	0.09%
AROC	B	0.09%
RDNT	B	0.09%
RL	B	0.09%
CFR	B	0.09%
VNO	C	0.09%
CURB	C	0.09%
SLAB	F	0.09%
SHAK	C	0.09%
TRN	B	0.09%
POST	D	0.09%
FR	D	0.09%
BRC	B	0.09%
OPCH	F	0.09%
AMED	F	0.09%
CAC	B	0.09%
BRBR	A	0.09%
DV	C	0.09%
TENB	C	0.09%
TILE	B	0.08%
PLMR	A	0.08%
PRKS	B	0.08%
AUR	D	0.08%
BWIN	D	0.08%
EVRI	A	0.08%
SPB	A	0.08%
AZTA	F	0.08%
ALG	B	0.08%
BXMT	D	0.08%
ENOV	C	0.08%
ICUI	D	0.08%
RUN	F	0.08%
RNA	B	0.08%
SBRA	C	0.08%
BOH	B	0.08%
BPMC	C	0.08%
NTGR	B	0.08%
LBPH	A	0.08%
TARS	C	0.08%
PI	D	0.08%
LITE	B	0.08%
CNK	B	0.08%
GVA	B	0.08%
RKLB	B	0.08%
LNN	B	0.08%
MAC	B	0.08%
MTSI	B	0.08%
JBT	B	0.08%
MNKD	C	0.07%
CART	C	0.07%
VITL	F	0.07%
VNOM	C	0.07%
PAYO	B	0.07%
WTFC	B	0.07%
W	F	0.07%
PAR	B	0.07%
SG	C	0.07%
UPST	B	0.07%
KREF	D	0.07%
AVNT	B	0.07%
UEC	C	0.07%
MRUS	C	0.07%
CALX	F	0.07%
RH	C	0.07%
WD	D	0.07%
NARI	C	0.07%
AAT	B	0.07%
COLD	F	0.07%
PHAT	F	0.07%
PDM	D	0.07%
PLUS	F	0.07%
COLM	B	0.07%
COMP	B	0.07%
CCCS	B	0.07%
ENR	A	0.07%
PECO	B	0.07%
DOCS	B	0.07%
VRDN	C	0.07%
XHR	B	0.07%
AMN	F	0.07%
SONO	C	0.07%
VCTR	C	0.07%
BDN	D	0.07%
SEE	C	0.07%
TNET	C	0.07%
LBRDK	C	0.07%
ROG	D	0.07%
INTA	B	0.07%
HIMS	C	0.07%
ESRT	D	0.07%
TREX	C	0.07%
SEM	C	0.07%
DEA	D	0.07%
KTOS	B	0.07%
WU	F	0.07%
CTS	C	0.07%
VSEC	B	0.07%
AZZ	B	0.07%
IOSP	B	0.07%
TBBK	B	0.07%
CWEN	D	0.07%
CLVT	F	0.07%
PRVA	B	0.07%
AN	C	0.07%
ACLX	C	0.07%
BL	B	0.07%
NWN	B	0.07%
IESC	B	0.07%
PIPR	B	0.07%
MARA	B	0.07%
PLYA	B	0.07%
ATRC	C	0.07%
ALHC	C	0.07%
OUT	B	0.07%
SXT	B	0.07%
VVX	C	0.07%
CHWY	B	0.07%
RARE	F	0.07%
SFBS	B	0.06%
RBBN	B	0.06%
NRIX	B	0.06%
ADUS	D	0.06%
CWEN	D	0.06%
PTCT	C	0.06%
PLUG	D	0.06%
VERA	B	0.06%
GERN	F	0.06%
CRAI	C	0.06%
AORT	C	0.06%
EPR	D	0.06%
VRRM	D	0.06%
GH	B	0.06%
APGE	C	0.06%
SPR	F	0.06%
CHH	B	0.06%
COKE	C	0.06%
LCID	F	0.06%
NUVL	D	0.06%
CLH	B	0.06%
ROCK	C	0.06%
PTGX	D	0.06%
EXP	B	0.06%
RUSHB	B	0.06%
ALKT	C	0.06%
IBOC	B	0.06%
PYCR	B	0.06%
JWN	B	0.06%
VERX	B	0.06%
VVI	B	0.06%
EXPO	D	0.06%
OWL	B	0.06%
CAKE	B	0.06%
FIVN	C	0.06%
JANX	C	0.06%
FROG	C	0.06%
ADMA	C	0.06%
LXP	D	0.06%
EWCZ	D	0.06%
FFIN	B	0.06%
KVYO	C	0.06%
FUN	B	0.06%
UFPT	C	0.06%
PNTG	D	0.06%
ELVN	C	0.06%
FOUR	B	0.06%
PAHC	B	0.06%
BOOT	C	0.06%
CBU	B	0.06%
PEB	F	0.06%
APG	C	0.06%
PK	C	0.06%
EE	B	0.06%
POWI	D	0.06%
SMTC	C	0.06%
MDGL	C	0.06%
AVPT	B	0.06%
IRON	C	0.06%
HURN	B	0.06%
CLB	C	0.06%
OII	B	0.06%
RCM	B	0.06%
MASI	B	0.06%
JBGS	F	0.06%
ROIV	D	0.06%
KROS	C	0.06%
IDYA	F	0.06%
VRNS	C	0.06%
HWKN	C	0.06%
CMP	C	0.06%
SKT	A	0.06%
KE	C	0.06%
ENV	B	0.06%
CALM	B	0.06%
ZYME	B	0.06%
CLNE	C	0.06%
WRBY	A	0.06%
ALEC	D	0.05%
JAMF	F	0.05%
KLG	F	0.05%
MLTX	B	0.05%
IMVT	D	0.05%
DOCN	C	0.05%
FLO	F	0.05%
INVX	C	0.05%
ASAN	C	0.05%
PLOW	C	0.05%
CWT	D	0.05%
WOLF	F	0.05%
BEAM	C	0.05%
MMS	F	0.05%
LESL	D	0.05%
LGF.A	D	0.05%
BBIO	F	0.05%
BE	B	0.05%
LOPE	B	0.05%
AHH	D	0.05%
NEP	F	0.05%
ACEL	B	0.05%
RAMP	C	0.05%
ASH	F	0.05%
TNDM	F	0.05%
CAR	C	0.05%
VSTS	D	0.05%
NEOG	D	0.05%
COGT	D	0.05%
DGII	B	0.05%
FLGT	F	0.05%
FLG	D	0.05%
CDE	D	0.05%
THRM	F	0.05%
AGYS	B	0.05%
ICHR	C	0.05%
FRSH	B	0.05%
BNL	D	0.05%
SIBN	D	0.05%
NABL	F	0.05%
SNDX	D	0.05%
ASTE	B	0.05%
MNRO	B	0.05%
AGIO	B	0.05%
KMPR	A	0.05%
TGTX	B	0.05%
PSMT	D	0.05%
LEVI	F	0.05%
HL	D	0.05%
INFA	F	0.05%
MTTR	B	0.05%
CPRX	C	0.05%
ETNB	C	0.05%
IONS	F	0.05%
AVDX	B	0.05%
NEO	B	0.05%
UAA	B	0.05%
TGI	B	0.05%
THS	F	0.05%
SHC	D	0.05%
MXL	C	0.05%
PGRE	C	0.05%
KSS	D	0.05%
OSCR	D	0.05%
ARVN	D	0.05%
RYN	F	0.05%
PLRX	D	0.05%
WT	B	0.05%
SMPL	B	0.05%
FLYW	B	0.05%
ARKO	D	0.05%
TMDX	F	0.05%
ESTA	D	0.05%
AI	C	0.05%
PDFS	C	0.05%
SKY	B	0.05%
MLNK	C	0.05%
CNMD	C	0.05%
MMI	B	0.05%
EDR	B	0.05%
XPRO	F	0.05%
TWST	F	0.05%
AWR	C	0.05%
LIVN	C	0.05%
NCNO	B	0.05%
PRG	B	0.05%
HLIT	D	0.05%
ARQT	B	0.05%
VRTS	B	0.05%
CWAN	B	0.05%
SLNO	C	0.05%
BROS	B	0.05%
DCO	B	0.05%
ATEN	A	0.05%
PRO	C	0.05%
INFN	D	0.05%
MTRN	B	0.05%
ARWR	C	0.05%
AAP	C	0.05%
CBZ	B	0.05%
AIR	B	0.05%
GOGO	C	0.05%
ZUO	B	0.05%
AXSM	B	0.05%
YELP	C	0.05%
PRAA	C	0.05%
AGO	B	0.05%
MPW	F	0.05%
TNC	F	0.05%
RXST	F	0.05%
CSTL	C	0.05%
ACVA	B	0.05%
BGC	C	0.05%
HAYW	B	0.05%
RKT	F	0.05%
PD	C	0.05%
KYMR	C	0.05%
TXG	F	0.04%
FNA	B	0.04%
DK	D	0.04%
FORM	F	0.04%
CXM	C	0.04%
SAVA	D	0.04%
SVRA	F	0.04%
NUVB	B	0.04%
MEG	F	0.04%
MYGN	F	0.04%
SPT	C	0.04%
HOUS	F	0.04%
STAA	F	0.04%
CLDX	F	0.04%
CRI	D	0.04%
BRZE	C	0.04%
SWTX	C	0.04%
NTLA	F	0.04%
ARCT	F	0.04%
RCUS	F	0.04%
KURA	F	0.04%
PRTA	F	0.04%
DYN	D	0.04%
FTRE	D	0.04%
HPP	F	0.04%
COUR	F	0.04%
AMC	C	0.04%
RCKT	F	0.04%
QS	F	0.04%
CECO	C	0.04%
CGEM	F	0.04%
CLSK	C	0.04%
TMCI	C	0.04%
ARLO	C	0.04%
BASE	C	0.04%
BKD	F	0.04%
MGNI	A	0.04%
IVR	D	0.04%
KRYS	C	0.04%
PGNY	F	0.04%
NVCR	D	0.04%
XPEL	B	0.04%
ALRM	C	0.04%
QDEL	F	0.04%
RXRX	C	0.04%
ANAB	F	0.03%
AGL	F	0.03%
VSAT	F	0.03%
ASPN	F	0.03%
MQ	F	0.03%
SITC	F	0.03%
CRMT	F	0.03%
CDNA	D	0.03%
SEDG	F	0.03%
APLS	F	0.03%
CPRI	F	0.03%
NVAX	F	0.03%
NOVA	F	0.03%
MAGN	F	0.02%
MC	B	0.02%
DEI	B	0.02%

ESML Underweight 379 Positions Relative to VFVA

Symbol	Grade	Weight
T	A	-1.01%
MO	A	-1.0%
FDX	B	-0.89%
GM	B	-0.87%
XOM	B	-0.86%
VZ	D	-0.8%
BAC	A	-0.76%
HCA	D	-0.76%
EOG	A	-0.75%
CVS	F	-0.74%
TFC	B	-0.73%
C	B	-0.72%
USB	B	-0.71%
PSX	C	-0.71%
CVX	A	-0.7%
SLB	C	-0.69%
CMCSA	B	-0.68%
F	C	-0.68%
VLO	C	-0.66%
INTC	C	-0.66%
COF	B	-0.66%
CI	D	-0.66%
COP	C	-0.65%
WFC	A	-0.59%
MU	D	-0.59%
MPC	D	-0.56%
JPM	A	-0.54%
FI	A	-0.53%
MET	C	-0.52%
AIG	B	-0.51%
OXY	F	-0.5%
BK	B	-0.5%
CB	C	-0.48%
TRV	B	-0.48%
BMY	B	-0.46%
GILD	B	-0.44%
GS	B	-0.44%
FCX	F	-0.43%
MDT	D	-0.42%
HPQ	B	-0.42%
PCAR	B	-0.42%
RPRX	F	-0.41%
DIS	B	-0.4%
NEM	F	-0.4%
NUE	D	-0.38%
PFE	F	-0.36%
WMB	B	-0.35%
MCK	B	-0.35%
FOX	A	-0.33%
SYF	B	-0.33%
PNC	B	-0.33%
HPE	B	-0.32%
MS	A	-0.32%
DHI	D	-0.31%
CE	F	-0.3%
LYB	F	-0.3%
FANG	C	-0.3%
TMUS	A	-0.3%
BDX	F	-0.29%
UAL	A	-0.29%
PRU	B	-0.28%
PRDO	B	-0.28%
BG	D	-0.27%
OI	C	-0.27%
TGT	C	-0.27%
STBA	B	-0.26%
CAH	B	-0.26%
GD	C	-0.26%
OVV	C	-0.26%
AZO	B	-0.26%
ALLY	C	-0.25%
VTRS	B	-0.25%
TTMI	B	-0.25%
PYPL	A	-0.24%
INSW	F	-0.24%
CCL	B	-0.23%
ADM	F	-0.23%
MOS	D	-0.23%
FIS	B	-0.22%
APA	F	-0.22%
MLI	B	-0.22%
CNC	F	-0.22%
UHAL	D	-0.22%
BHF	B	-0.22%
KR	A	-0.22%
WAFD	B	-0.21%
ASO	F	-0.21%
MATX	B	-0.21%
AMR	C	-0.2%
ACGL	C	-0.2%
GPOR	B	-0.2%
DAL	A	-0.2%
SIRI	C	-0.2%
ADNT	D	-0.19%
PUMP	C	-0.19%
KNX	C	-0.19%
PCRX	C	-0.19%
BMBL	C	-0.19%
LEN	D	-0.19%
KEY	B	-0.19%
LILAK	F	-0.19%
CTRA	B	-0.19%
FNB	B	-0.19%
STNG	F	-0.19%
MTDR	B	-0.18%
CHRD	D	-0.18%
TNK	F	-0.18%
IBM	D	-0.18%
AHCO	F	-0.18%
ODP	F	-0.18%
BBWI	C	-0.18%
CF	B	-0.18%
MTB	A	-0.18%
CCSI	B	-0.18%
JNJ	D	-0.18%
DOW	F	-0.18%
BTU	C	-0.17%
ALL	B	-0.17%
BFH	B	-0.17%
ATSG	A	-0.17%
MD	C	-0.17%
DAN	D	-0.17%
GIII	C	-0.17%
EG	D	-0.17%
GTN	F	-0.17%
IMKTA	B	-0.17%
EQT	B	-0.17%
LKQ	C	-0.16%
TAP	B	-0.16%
DINO	D	-0.16%
PARR	F	-0.16%
ASIX	B	-0.16%
GNK	C	-0.16%
SEB	F	-0.16%
COMM	D	-0.16%
OCFC	B	-0.16%
BXC	B	-0.16%
CNH	D	-0.16%
UHS	D	-0.16%
CRGY	A	-0.16%
CAG	F	-0.16%
NMRK	B	-0.16%
DIN	C	-0.15%
DE	D	-0.15%
GLNG	C	-0.15%
WWW	B	-0.15%
SJM	F	-0.15%
NUS	C	-0.15%
UTHR	B	-0.15%
MCB	B	-0.15%
TWI	F	-0.15%
SPTN	F	-0.15%
CEIX	B	-0.14%
CSCO	A	-0.14%
NWSA	B	-0.14%
IRWD	D	-0.14%
TPC	C	-0.14%
RTX	D	-0.14%
OLN	F	-0.14%
ECVT	C	-0.14%
SNCY	B	-0.14%
RMAX	D	-0.14%
FNF	C	-0.14%
LZB	B	-0.14%
PLTK	B	-0.14%
EMR	A	-0.14%
ASC	F	-0.14%
ALIT	C	-0.14%
APTV	F	-0.14%
LPG	D	-0.13%
BGS	F	-0.13%
CFG	B	-0.13%
NAVI	D	-0.13%
BELFB	C	-0.13%
PM	B	-0.13%
GOGL	C	-0.13%
STLD	C	-0.13%
NAT	F	-0.12%
ENS	D	-0.12%
QRVO	F	-0.12%
GNW	B	-0.12%
DCOM	B	-0.12%
FCF	B	-0.12%
RPAY	D	-0.12%
CMRE	B	-0.12%
PLAB	C	-0.12%
DOLE	C	-0.12%
RYI	B	-0.12%
DHT	D	-0.12%
FCNCA	B	-0.12%
APPS	F	-0.12%
SXC	B	-0.12%
HII	F	-0.11%
STNE	F	-0.11%
BUSE	B	-0.11%
SKYW	B	-0.11%
KMI	B	-0.11%
PEBO	A	-0.11%
MTCH	F	-0.11%
PHM	D	-0.11%
FDP	B	-0.11%
MATV	F	-0.11%
UFPI	B	-0.11%
SCSC	B	-0.11%
JRVR	F	-0.11%
HOPE	B	-0.1%
BV	C	-0.1%
SCHW	B	-0.1%
TK	D	-0.1%
RF	A	-0.1%
GPN	B	-0.1%
CSTM	F	-0.1%
SAIC	D	-0.1%
LULU	B	-0.1%
SD	D	-0.1%
KHC	F	-0.1%
PHIN	B	-0.1%
EGBN	B	-0.1%
DLTR	F	-0.1%
CHGG	D	-0.1%
NX	C	-0.09%
TXT	D	-0.09%
GCO	B	-0.09%
PATK	C	-0.09%
EMN	D	-0.09%
DNB	B	-0.09%
UVE	B	-0.09%
VTOL	B	-0.09%
CATY	B	-0.09%
BZH	B	-0.09%
AFL	C	-0.09%
TKR	F	-0.09%
SCHL	F	-0.09%
HVT	F	-0.09%
NTB	B	-0.09%
WSBC	B	-0.08%
HEES	B	-0.08%
PII	F	-0.08%
SFL	D	-0.08%
RYAM	B	-0.08%
SSNC	C	-0.08%
RJF	A	-0.08%
BLDR	C	-0.08%
BOOM	F	-0.08%
NTCT	B	-0.08%
ACCO	B	-0.08%
LEN	D	-0.08%
BOKF	B	-0.08%
SRCE	B	-0.08%
DVN	F	-0.08%
SB	F	-0.08%
HIG	C	-0.07%
VSH	F	-0.07%
WYNN	C	-0.07%
OEC	D	-0.07%
SNEX	B	-0.07%
HAL	C	-0.07%
PAGS	F	-0.07%
OC	A	-0.07%
MTW	C	-0.07%
HLF	C	-0.07%
CXW	B	-0.07%
AMKR	F	-0.07%
TRST	B	-0.07%
ELV	F	-0.07%
TRMK	B	-0.07%
DXPE	B	-0.07%
TSN	B	-0.07%
URBN	C	-0.07%
AX	B	-0.07%
MMM	C	-0.07%
NIC	B	-0.07%
EQH	B	-0.07%
CNA	C	-0.07%
NOG	B	-0.07%
EBC	B	-0.07%
QCOM	F	-0.07%
SANM	C	-0.07%
BBW	B	-0.07%
ALGT	B	-0.06%
LXU	C	-0.06%
GOOG	C	-0.06%
FWRD	C	-0.06%
UIS	B	-0.06%
NNI	C	-0.06%
PFG	C	-0.06%
DENN	C	-0.06%
OIS	B	-0.06%
TCBK	B	-0.06%
BUR	D	-0.06%
SSP	F	-0.06%
REPX	A	-0.06%
ENVA	B	-0.05%
PRLB	C	-0.05%
EBAY	C	-0.05%
BW	C	-0.05%
HFWA	B	-0.05%
REX	C	-0.05%
OFG	B	-0.05%
LILA	F	-0.05%
WBD	B	-0.05%
FRME	B	-0.05%
BEN	C	-0.05%
RGP	D	-0.05%
CNOB	B	-0.05%
NWBI	B	-0.05%
TTEC	F	-0.05%
GHC	B	-0.05%
LBRT	F	-0.05%
MATW	C	-0.05%
TOWN	B	-0.05%
TWLO	B	-0.05%
APO	B	-0.05%
GLDD	B	-0.04%
WTTR	B	-0.04%
HNRG	A	-0.04%
MKL	A	-0.04%
AMPY	B	-0.04%
XPOF	B	-0.04%
HUBG	A	-0.04%
FFWM	B	-0.04%
PPC	C	-0.04%
DESP	B	-0.04%
BLMN	F	-0.04%
UA	B	-0.04%
BY	B	-0.04%
CFFN	B	-0.04%
KALU	C	-0.04%
GEO	B	-0.04%
ANET	C	-0.03%
HOV	F	-0.03%
IGT	F	-0.03%
ACT	C	-0.03%
SCVL	D	-0.03%
HY	F	-0.03%
MBIN	D	-0.03%
CG	B	-0.03%
LC	B	-0.03%
CNDT	B	-0.03%
SWI	B	-0.03%
JILL	C	-0.03%
FF	D	-0.03%
QCRH	B	-0.03%
JBL	C	-0.03%
HRTG	C	-0.03%
INMD	B	-0.03%
SHLS	D	-0.03%
DGX	B	-0.03%
USAP	B	-0.03%
OLPX	D	-0.03%
PTVE	C	-0.03%
ZIMV	F	-0.03%
WMK	B	-0.03%
FOR	F	-0.03%
DRVN	A	-0.03%
IIIN	C	-0.03%
TBRG	B	-0.02%
NR	C	-0.02%
CMPR	C	-0.02%
NFBK	B	-0.02%
KODK	D	-0.02%
TITN	C	-0.02%
HDSN	F	-0.02%
RS	C	-0.02%
CRBG	C	-0.02%
BAND	C	-0.02%
TTI	B	-0.02%
EIG	A	-0.02%
DG	F	-0.02%
IP	B	-0.02%
AMRX	B	-0.02%
PFBC	B	-0.02%
HOMB	A	-0.02%
BRKL	B	-0.02%
FSLR	F	-0.02%
WRLD	C	-0.02%
PRA	B	-0.02%
STT	B	-0.02%
OBK	B	-0.02%