RWJ vs. ESML ETF Comparison

Comparison of RevenueShares Small Cap (RWJ) to iShares MSCI USA Small-Cap ESG Optimized ETF (ESML)

RWJ

RevenueShares Small Cap

RWJ Description

The investment seeks outperform the total return performance of the S&P SmallCap 600Â® Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Small Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of small capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$48.29

Average Daily Volume

109,014

Number of Holdings ^*

581

* may have additional holdings in another (foreign) market

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

$45.22

Average Daily Volume

89,295

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

Performance

Period	RWJ	ESML
30 Days	7.91%	8.75%
60 Days	6.53%	8.59%
90 Days	7.72%	9.69%
12 Months	33.53%	34.45%

315 Overlapping Holdings

Symbol	Grade	Weight in RWJ	Weight in ESML	Overlap
AAP	C	0.78%	0.06%	0.06%
AAT	B	0.03%	0.07%	0.03%
ABCB	B	0.12%	0.11%	0.11%
ABG	B	1.33%	0.12%	0.12%
ABM	B	0.64%	0.09%	0.09%
ACA	A	0.2%	0.14%	0.14%
ACIW	B	0.12%	0.16%	0.12%
ADMA	B	0.03%	0.06%	0.03%
ADUS	D	0.07%	0.05%	0.05%
AEIS	B	0.12%	0.17%	0.12%
AEO	F	0.35%	0.08%	0.08%
AGO	B	0.07%	0.06%	0.06%
AGYS	A	0.02%	0.05%	0.02%
AHH	D	0.05%	0.04%	0.04%
AIR	B	0.16%	0.06%	0.06%
AL	B	0.2%	0.1%	0.1%
ALG	B	0.13%	0.08%	0.08%
ALK	C	0.92%	0.23%	0.23%
ALKS	B	0.11%	0.1%	0.1%
ALRM	C	0.07%	0.05%	0.05%
AMBC	C	0.03%	0.05%	0.03%
AMN	F	0.12%	0.04%	0.04%
AMWD	C	0.14%	0.08%	0.08%
ANDE	D	0.85%	0.06%	0.06%
AORT	B	0.03%	0.05%	0.03%
APAM	B	0.09%	0.1%	0.09%
ARCB	C	0.33%	0.05%	0.05%
ARLO	C	0.03%	0.04%	0.03%
AROC	B	0.09%	0.1%	0.09%
ASTE	B	0.11%	0.05%	0.05%
ATEN	B	0.02%	0.06%	0.02%
ATGE	B	0.14%	0.06%	0.06%
ATI	D	0.28%	0.14%	0.14%
AUB	B	0.09%	0.11%	0.09%
AVA	A	0.13%	0.19%	0.13%
AVAV	D	0.06%	0.13%	0.06%
AWI	A	0.11%	0.23%	0.11%
AWR	B	0.04%	0.05%	0.04%
AXL	C	0.49%	0.05%	0.05%
AZZ	B	0.12%	0.07%	0.07%
BANC	A	0.09%	0.06%	0.06%
BANR	B	0.07%	0.18%	0.07%
BCC	B	0.51%	0.16%	0.16%
BCPC	B	0.07%	0.13%	0.07%
BDN	C	0.03%	0.07%	0.03%
BGC	C	0.16%	0.05%	0.05%
BHE	B	0.22%	0.16%	0.16%
BHLB	B	0.05%	0.2%	0.05%
BKU	A	0.16%	0.06%	0.06%
BL	B	0.05%	0.08%	0.05%
BMI	B	0.06%	0.3%	0.06%
BOH	B	0.09%	0.08%	0.08%
BOOT	D	0.1%	0.06%	0.06%
BOX	B	0.08%	0.13%	0.08%
BRC	D	0.1%	0.09%	0.09%
BXMT	C	0.13%	0.08%	0.08%
CABO	C	0.14%	0.13%	0.13%
CAKE	C	0.32%	0.06%	0.06%
CAL	D	0.2%	0.04%	0.04%
CALM	A	0.21%	0.06%	0.06%
CALX	D	0.06%	0.05%	0.05%
CBU	B	0.07%	0.06%	0.06%
CCOI	B	0.08%	0.1%	0.08%
CCS	D	0.23%	0.06%	0.06%
CLB	B	0.04%	0.06%	0.04%
CMA	A	0.44%	0.21%	0.21%
CNK	B	0.22%	0.09%	0.09%
CNMD	C	0.09%	0.05%	0.05%
COOP	B	0.15%	0.05%	0.05%
CPF	A	0.03%	0.15%	0.03%
CPK	A	0.05%	0.13%	0.05%
CPRX	C	0.03%	0.05%	0.03%
CRC	B	0.19%	0.1%	0.1%
CRS	A	0.24%	0.15%	0.15%
CRVL	A	0.07%	0.09%	0.07%
CSGS	B	0.1%	0.11%	0.1%
CTS	C	0.04%	0.07%	0.04%
CUBI	C	0.12%	0.05%	0.05%
CVBF	A	0.06%	0.12%	0.06%
CWEN	C	0.05%	0.07%	0.05%
CWEN	C	0.05%	0.05%	0.05%
CWEN	C	0.05%	0.07%	0.05%
CWEN	C	0.05%	0.05%	0.05%
CWK	B	0.7%	0.07%	0.07%
CWT	D	0.06%	0.04%	0.04%
CXM	C	0.05%	0.04%	0.04%
DEA	D	0.02%	0.07%	0.02%
DEI	B	0.08%	0.02%	0.02%
DFIN	D	0.05%	0.12%	0.05%
DGII	B	0.04%	0.05%	0.04%
DLX	B	0.18%	0.06%	0.06%
DNOW	B	0.2%	0.05%	0.05%
DOCN	D	0.05%	0.05%	0.05%
DV	C	0.05%	0.1%	0.05%
DXC	B	0.99%	0.11%	0.11%
DY	D	0.31%	0.1%	0.1%
EAT	A	0.52%	0.16%	0.16%
ECPG	B	0.09%	0.11%	0.09%
EMBC	C	0.07%	0.05%	0.05%
ENR	B	0.23%	0.07%	0.07%
ENV	B	0.09%	0.06%	0.06%
EPAC	B	0.05%	0.13%	0.05%
EPC	D	0.15%	0.04%	0.04%
EPRT	B	0.03%	0.18%	0.03%
ESE	B	0.08%	0.09%	0.08%
ETSY	D	0.19%	0.1%	0.1%
EYE	C	0.14%	0.06%	0.06%
FBP	B	0.09%	0.2%	0.09%
FELE	B	0.16%	0.22%	0.16%
FFBC	A	0.09%	0.05%	0.05%
FL	F	0.51%	0.06%	0.06%
FLGT	F	0.02%	0.04%	0.02%
FORM	D	0.04%	0.04%	0.04%
FOXF	F	0.08%	0.04%	0.04%
FSS	B	0.13%	0.15%	0.13%
FTDR	A	0.15%	0.22%	0.15%
FTRE	D	0.2%	0.05%	0.05%
FUL	F	0.23%	0.1%	0.1%
FULT	A	0.13%	0.12%	0.12%
GBX	A	0.34%	0.07%	0.07%
GDOT	D	0.11%	0.01%	0.01%
GKOS	B	0.03%	0.18%	0.03%
GO	C	0.34%	0.05%	0.05%
GOGO	C	0.03%	0.05%	0.03%
GPI	A	1.47%	0.19%	0.19%
GPRE	F	0.17%	0.04%	0.04%
GRBK	D	0.12%	0.04%	0.04%
GTES	A	0.29%	0.07%	0.07%
GVA	A	0.34%	0.08%	0.08%
HAFC	A	0.04%	0.07%	0.04%
HAIN	C	0.1%	0.05%	0.05%
HASI	D	0.02%	0.1%	0.02%
HAYW	B	0.08%	0.05%	0.05%
HBI	B	0.41%	0.07%	0.07%
HCC	B	0.14%	0.05%	0.05%
HELE	C	0.15%	0.06%	0.06%
HI	C	0.24%	0.07%	0.07%
HIW	D	0.06%	0.13%	0.06%
HLIT	D	0.04%	0.05%	0.04%
HLX	B	0.11%	0.05%	0.05%
HNI	B	0.2%	0.15%	0.15%
HPP	F	0.05%	0.04%	0.04%
HWKN	B	0.07%	0.07%	0.07%
HZO	D	0.16%	0.05%	0.05%
IART	C	0.14%	0.05%	0.05%
IBP	D	0.19%	0.09%	0.09%
ICHR	C	0.06%	0.05%	0.05%
ICUI	D	0.16%	0.08%	0.08%
IDCC	A	0.07%	0.14%	0.07%
INDB	B	0.08%	0.08%	0.08%
INSP	D	0.04%	0.08%	0.04%
IOSP	B	0.15%	0.08%	0.08%
ITGR	B	0.13%	0.13%	0.13%
ITRI	B	0.19%	0.2%	0.19%
JBGS	D	0.03%	0.05%	0.03%
JBT	B	0.15%	0.08%	0.08%
JXN	C	0.4%	0.14%	0.14%
KAR	B	0.14%	0.11%	0.11%
KELYA	F	0.23%	0.03%	0.03%
KFY	B	0.22%	0.09%	0.09%
KLG	C	0.18%	0.05%	0.05%
KLIC	B	0.06%	0.13%	0.06%
KOP	C	0.15%	0.08%	0.08%
KREF	D	0.04%	0.06%	0.04%
KRYS	B	0.01%	0.04%	0.01%
KSS	F	1.1%	0.05%	0.05%
KTB	B	0.22%	0.16%	0.16%
LCII	C	0.26%	0.1%	0.1%
LEG	F	0.3%	0.05%	0.05%
LESL	C	0.09%	0.04%	0.04%
LNC	B	1.38%	0.09%	0.09%
LNN	B	0.04%	0.08%	0.04%
LRN	A	0.17%	0.13%	0.13%
LUMN	C	1.4%	0.19%	0.19%
LXP	D	0.02%	0.06%	0.02%
MAC	B	0.07%	0.08%	0.07%
MARA	C	0.05%	0.09%	0.05%
MC	C	0.08%	0.02%	0.02%
MHO	D	0.27%	0.05%	0.05%
MLKN	D	0.23%	0.04%	0.04%
MMI	B	0.04%	0.05%	0.04%
MMSI	B	0.09%	0.15%	0.09%
MNRO	D	0.1%	0.05%	0.05%
MODG	F	0.25%	0.05%	0.05%
MOG.A	B	0.28%	0.24%	0.24%
MPW	F	0.03%	0.05%	0.03%
MRCY	B	0.07%	0.11%	0.07%
MTH	D	0.39%	0.17%	0.17%
MTRN	C	0.13%	0.06%	0.06%
MTUS	C	0.09%	0.04%	0.04%
MTX	B	0.17%	0.12%	0.12%
MXL	C	0.03%	0.05%	0.03%
MYGN	F	0.03%	0.03%	0.03%
MYRG	B	0.38%	0.16%	0.16%
NABL	F	0.03%	0.04%	0.03%
NARI	C	0.04%	0.06%	0.04%
NBHC	B	0.05%	0.05%	0.05%
NBTB	B	0.06%	0.06%	0.06%
NEO	C	0.04%	0.05%	0.04%
NMIH	D	0.04%	0.09%	0.04%
NPO	A	0.08%	0.13%	0.08%
NSIT	F	0.48%	0.13%	0.13%
NWL	B	0.63%	0.1%	0.1%
NWN	A	0.08%	0.07%	0.07%
OGN	D	0.34%	0.09%	0.09%
OII	B	0.22%	0.06%	0.06%
OMCL	C	0.08%	0.05%	0.05%
OMI	F	0.59%	0.04%	0.04%
OUT	A	0.14%	0.07%	0.07%
PAHC	C	0.08%	0.06%	0.06%
PAYO	A	0.09%	0.06%	0.06%
PBI	B	0.26%	0.05%	0.05%
PDCO	D	0.42%	0.13%	0.13%
PDFS	C	0.01%	0.05%	0.01%
PEB	D	0.1%	0.06%	0.06%
PECO	A	0.04%	0.07%	0.04%
PENN	C	0.47%	0.05%	0.05%
PFS	B	0.07%	0.05%	0.05%
PGNY	F	0.05%	0.04%	0.04%
PI	D	0.02%	0.07%	0.02%
PINC	B	0.11%	0.14%	0.11%
PIPR	B	0.13%	0.08%	0.08%
PJT	A	0.11%	0.1%	0.1%
PLAY	D	0.2%	0.06%	0.06%
PLMR	B	0.03%	0.08%	0.03%
PLUS	F	0.13%	0.06%	0.06%
PLXS	B	0.34%	0.17%	0.17%
POWL	C	0.12%	0.09%	0.09%
PPBI	B	0.06%	0.06%	0.06%
PRAA	C	0.07%	0.05%	0.05%
PRG	C	0.18%	0.05%	0.05%
PRGS	A	0.06%	0.24%	0.06%
PRVA	B	0.14%	0.08%	0.08%
PSMT	C	0.34%	0.05%	0.05%
PTEN	C	0.4%	0.04%	0.04%
PTGX	C	0.03%	0.05%	0.03%
RAMP	C	0.05%	0.05%	0.05%
RCUS	F	0.02%	0.04%	0.02%
RDN	C	0.09%	0.09%	0.09%
RDNT	B	0.14%	0.1%	0.1%
REZI	A	0.58%	0.23%	0.23%
RHI	B	0.51%	0.21%	0.21%
RNST	B	0.08%	0.08%	0.08%
ROCK	C	0.1%	0.06%	0.06%
ROG	D	0.06%	0.07%	0.06%
RUN	F	0.08%	0.05%	0.05%
RUSHA	C	0.68%	0.05%	0.05%
RXO	C	0.29%	0.1%	0.1%
SATS	D	1.5%	0.06%	0.06%
SBH	C	0.25%	0.05%	0.05%
SCL	C	0.16%	0.1%	0.1%
SEDG	F	0.06%	0.02%	0.02%
SEE	C	0.41%	0.07%	0.07%
SEM	B	0.52%	0.07%	0.07%
SFBS	B	0.08%	0.06%	0.06%
SHAK	C	0.1%	0.09%	0.09%
SHOO	D	0.14%	0.11%	0.11%
SIG	B	0.52%	0.1%	0.1%
SJW	D	0.04%	0.09%	0.04%
SKT	B	0.04%	0.07%	0.04%
SLG	B	0.06%	0.1%	0.06%
SLVM	B	0.27%	0.05%	0.05%
SM	B	0.2%	0.06%	0.06%
SMP	B	0.1%	0.05%	0.05%
SMPL	B	0.09%	0.05%	0.05%
SMTC	B	0.07%	0.06%	0.06%
SNDR	B	0.42%	0.19%	0.19%
SONO	C	0.13%	0.07%	0.07%
SPSC	C	0.04%	0.16%	0.04%
STAA	F	0.02%	0.03%	0.02%
STC	B	0.16%	0.08%	0.08%
SXT	B	0.11%	0.07%	0.07%
TALO	C	0.13%	0.06%	0.06%
TBBK	B	0.05%	0.08%	0.05%
TDS	B	0.47%	0.08%	0.08%
TGI	B	0.12%	0.06%	0.06%
TGNA	B	0.26%	0.2%	0.2%
TGTX	B	0.04%	0.06%	0.04%
THRM	D	0.09%	0.05%	0.05%
THS	D	0.18%	0.04%	0.04%
TILE	B	0.12%	0.08%	0.08%
TNC	D	0.08%	0.05%	0.05%
TNDM	F	0.04%	0.04%	0.04%
TPH	D	0.27%	0.14%	0.14%
TRN	C	0.27%	0.1%	0.1%
UCB	A	0.11%	0.04%	0.04%
UFPT	B	0.03%	0.05%	0.03%
UNFI	A	2.85%	0.07%	0.07%
UNIT	B	0.08%	0.08%	0.08%
UPBD	B	0.31%	0.06%	0.06%
VBTX	B	0.07%	0.06%	0.06%
VECO	F	0.04%	0.1%	0.04%
VFC	C	0.77%	0.18%	0.18%
VRRM	D	0.05%	0.06%	0.05%
VRTS	B	0.07%	0.06%	0.06%
VSAT	F	0.2%	0.02%	0.02%
VSCO	B	0.65%	0.07%	0.07%
VSTS	C	0.19%	0.05%	0.05%
VVI	C	0.12%	0.06%	0.06%
VYX	B	0.28%	0.05%	0.05%
WD	D	0.07%	0.06%	0.06%
WDFC	B	0.04%	0.11%	0.04%
WERN	C	0.24%	0.12%	0.12%
WGO	C	0.23%	0.12%	0.12%
WHD	B	0.09%	0.12%	0.09%
WKC	D	3.1%	0.05%	0.05%
WNC	C	0.16%	0.05%	0.05%
WOLF	F	0.05%	0.03%	0.03%
WT	B	0.03%	0.06%	0.03%
XHR	B	0.08%	0.07%	0.07%
XPEL	C	0.03%	0.05%	0.03%
XRX	F	0.36%	0.04%	0.04%
YELP	C	0.1%	0.05%	0.05%
ZD	C	0.11%	0.08%	0.08%
ZWS	B	0.13%	0.2%	0.13%

RWJ Overweight 268 Positions Relative to ESML

Symbol	Grade	Weight
SAH	A	1.15%
ADNT	F	1.07%
HTZ	C	0.83%
JBLU	F	0.76%
DAN	D	0.65%
SANM	B	0.62%
PARR	D	0.57%
SPTN	D	0.56%
GNW	A	0.52%
CVI	F	0.51%
OI	C	0.47%
GMS	B	0.46%
MCY	A	0.45%
ODP	F	0.44%
URBN	C	0.41%
BFH	B	0.4%
BTU	B	0.38%
ASO	F	0.36%
FDP	B	0.35%
GEO	B	0.34%
NATL	B	0.33%
NAVI	C	0.33%
ALGT	B	0.32%
WS	B	0.32%
SKYW	B	0.32%
MLI	C	0.31%
HUBG	A	0.31%
EXPI	C	0.3%
MATX	C	0.29%
LBRT	D	0.29%
PHIN	A	0.28%
AMR	C	0.27%
CBRL	C	0.27%
ARCH	B	0.26%
BLMN	F	0.26%
CHEF	A	0.26%
PATK	D	0.25%
KALU	C	0.25%
NBR	C	0.25%
IAC	D	0.25%
SABR	C	0.24%
SCSC	B	0.24%
SXC	A	0.23%
CENX	B	0.23%
HP	B	0.23%
GIII	D	0.22%
TTMI	B	0.22%
CXW	B	0.22%
AHCO	F	0.22%
GFF	A	0.22%
SPNT	A	0.21%
CEIX	A	0.21%
VSTO	A	0.21%
ENVA	B	0.21%
MD	B	0.2%
UVV	B	0.2%
WWW	B	0.19%
CNXN	C	0.19%
VIRT	B	0.18%
GES	F	0.18%
KMT	B	0.17%
UNF	B	0.17%
NOG	A	0.16%
AX	A	0.16%
DXPE	B	0.16%
DORM	B	0.16%
LZB	B	0.15%
VTLE	C	0.15%
PZZA	D	0.15%
SNEX	B	0.15%
FWRD	D	0.14%
CVCO	A	0.14%
KWR	C	0.14%
LGIH	D	0.14%
WOR	F	0.13%
MATW	C	0.13%
NGVT	B	0.13%
HCSG	C	0.13%
HMN	B	0.13%
CRK	B	0.13%
UCTT	D	0.13%
TRIP	F	0.13%
B	B	0.13%
CATY	B	0.12%
SFNC	B	0.12%
APOG	B	0.12%
CRSR	C	0.11%
HTH	B	0.11%
WSFS	A	0.11%
APLE	B	0.11%
TWI	F	0.11%
CENTA	C	0.11%
NVRI	F	0.11%
CENT	C	0.11%
BJRI	B	0.11%
OSIS	B	0.11%
JACK	D	0.11%
PUMP	B	0.11%
JJSF	B	0.11%
ABR	C	0.11%
ASIX	A	0.11%
BGS	F	0.1%
OTTR	C	0.1%
WAFD	B	0.1%
FHB	A	0.1%
PMT	D	0.1%
OXM	D	0.1%
UFCS	B	0.1%
MGY	A	0.1%
SNCY	C	0.1%
VTOL	B	0.1%
IPAR	B	0.1%
RES	D	0.1%
PRA	C	0.1%
ASTH	D	0.09%
PBH	A	0.09%
STRA	C	0.09%
EXTR	B	0.09%
MATV	D	0.09%
SCHL	D	0.09%
FIZZ	C	0.09%
TRUP	B	0.09%
HSII	B	0.09%
BKE	B	0.09%
CARG	C	0.08%
CNSL	C	0.08%
IBTX	B	0.08%
MSGS	A	0.08%
SCVL	F	0.08%
TRMK	B	0.08%
HTLD	B	0.08%
MCW	B	0.08%
SVC	F	0.08%
HOPE	B	0.08%
DRH	B	0.08%
AIN	C	0.08%
NHC	C	0.08%
NX	C	0.08%
VIAV	B	0.08%
DIOD	D	0.08%
EZPW	A	0.08%
CASH	A	0.07%
SHO	C	0.07%
JBSS	D	0.07%
EIG	B	0.07%
BANF	B	0.07%
CSWI	A	0.07%
SAFT	C	0.07%
RC	D	0.07%
MRTN	C	0.07%
BRKL	B	0.06%
ARI	C	0.06%
SSTK	F	0.06%
EVTC	B	0.06%
PRDO	B	0.06%
KN	B	0.06%
CORT	B	0.06%
SWI	B	0.06%
SXI	B	0.06%
GDEN	B	0.06%
OFG	B	0.06%
ACLS	F	0.06%
PCRX	C	0.06%
SBCF	A	0.06%
DCOM	A	0.06%
STEP	B	0.06%
PLAB	C	0.06%
NTCT	C	0.06%
FBK	B	0.06%
NVEE	F	0.06%
USNA	C	0.06%
EGBN	B	0.06%
TDW	F	0.06%
THRY	F	0.05%
AMPH	D	0.05%
PRLB	A	0.05%
USPH	B	0.05%
PRK	B	0.05%
QNST	B	0.05%
MYE	F	0.05%
TR	B	0.05%
RWT	D	0.05%
INN	D	0.05%
CARS	B	0.05%
FCF	A	0.05%
SUPN	C	0.05%
REX	D	0.05%
MGEE	C	0.05%
HCI	C	0.05%
NWBI	B	0.05%
COHU	C	0.04%
KW	B	0.04%
FBRT	C	0.04%
IIIN	C	0.04%
CNS	B	0.04%
ANIP	F	0.04%
AVNS	F	0.04%
BSIG	A	0.04%
MCRI	A	0.04%
STBA	B	0.04%
HRMY	D	0.04%
VICR	B	0.04%
WRLD	C	0.04%
PFBC	B	0.04%
YOU	D	0.04%
TFIN	A	0.04%
GNL	F	0.04%
ETD	C	0.04%
FBNC	A	0.04%
HAYN	C	0.04%
ROIC	A	0.03%
HFWA	B	0.03%
EFC	C	0.03%
WABC	B	0.03%
AMSF	B	0.03%
GSHD	A	0.03%
IRWD	F	0.03%
LQDT	B	0.03%
AKR	B	0.03%
CHCO	B	0.03%
TMP	B	0.03%
LPG	F	0.03%
CFFN	B	0.03%
SBSI	B	0.03%
COLL	F	0.03%
UE	C	0.03%
MGPI	F	0.03%
LKFN	B	0.03%
AOSL	C	0.03%
UTL	B	0.03%
RGR	F	0.03%
ELME	D	0.02%
LMAT	A	0.02%
MP	B	0.02%
SHEN	F	0.02%
FCPT	C	0.02%
CTRE	D	0.02%
IIPR	D	0.02%
BFS	C	0.02%
VCEL	B	0.02%
CSR	B	0.02%
NXRT	B	0.02%
CTKB	C	0.02%
TRST	A	0.02%
VRE	B	0.02%
TTGT	C	0.02%
DVAX	C	0.02%
HSTM	B	0.02%
JOE	F	0.02%
NPK	B	0.02%
INVA	D	0.02%
CERT	F	0.02%
RGNX	F	0.01%
VIR	D	0.01%
UHT	D	0.01%
CEVA	B	0.01%
BLFS	C	0.01%
XNCR	B	0.01%
LGND	B	0.01%
WSR	A	0.01%
MSEX	B	0.01%
GTY	B	0.01%
MLAB	D	0.01%
LTC	B	0.01%
SITM	B	0.01%
ALEX	C	0.01%
SDGR	C	0.01%
SLP	D	0.0%

RWJ Underweight 591 Positions Relative to ESML

Symbol	Grade	Weight
CASY	A	-0.52%
JHG	A	-0.51%
USFD	A	-0.49%
CVNA	B	-0.48%
SFM	A	-0.43%
GWRE	A	-0.43%
INGR	B	-0.42%
EWBC	A	-0.4%
FIX	A	-0.38%
NTNX	A	-0.36%
KBR	F	-0.35%
FTI	A	-0.35%
AYI	B	-0.34%
JLL	D	-0.34%
MUSA	A	-0.34%
FLEX	A	-0.33%
XPO	B	-0.33%
IBKR	A	-0.32%
FRT	B	-0.31%
REXR	F	-0.31%
NTRA	B	-0.31%
OGS	A	-0.31%
OSK	B	-0.3%
GBCI	B	-0.3%
BWXT	B	-0.3%
RGA	A	-0.3%
PNFP	B	-0.3%
SNV	B	-0.3%
SIGI	C	-0.29%
TPR	B	-0.29%
EHC	B	-0.29%
RGLD	C	-0.29%
R	B	-0.29%
SUM	B	-0.28%
CNX	A	-0.28%
DTM	B	-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	A	-0.27%
BLD	D	-0.26%
GPK	C	-0.26%
ALSN	B	-0.26%
MWA	B	-0.25%
WEX	D	-0.25%
UNM	A	-0.25%
DCI	B	-0.25%
AAON	B	-0.25%
RRC	B	-0.25%
BJ	A	-0.25%
WCC	B	-0.24%
FTAI	B	-0.24%
UGI	A	-0.24%
RNR	C	-0.24%
IVZ	B	-0.24%
ATR	B	-0.24%
HRI	B	-0.24%
NCLH	B	-0.24%
AFRM	B	-0.23%
CBSH	A	-0.23%
ARMK	B	-0.23%
PRI	A	-0.23%
EXLS	B	-0.23%
CW	B	-0.23%
FHN	A	-0.23%
THC	D	-0.23%
MTG	C	-0.23%
SOFI	A	-0.22%
CNM	D	-0.22%
LAD	A	-0.22%
GNRC	B	-0.22%
WAL	B	-0.22%
CMC	B	-0.22%
CVLT	B	-0.22%
AR	B	-0.22%
EGP	F	-0.21%
CDP	C	-0.21%
CACI	D	-0.21%
WMS	D	-0.21%
WTS	B	-0.21%
INSM	C	-0.21%
PCVX	D	-0.21%
ONTO	D	-0.21%
LSTR	D	-0.21%
CUZ	B	-0.21%
GME	C	-0.21%
NJR	A	-0.21%
CNO	A	-0.2%
HOG	D	-0.2%
FND	C	-0.2%
LECO	B	-0.2%
BDC	B	-0.2%
KNSL	B	-0.2%
WHR	B	-0.2%
PLNT	A	-0.2%
KBH	D	-0.2%
MTN	C	-0.2%
CUBE	D	-0.2%
OMF	A	-0.2%
NFG	A	-0.2%
PCTY	B	-0.2%
ZION	B	-0.2%
ENSG	D	-0.2%
RLI	B	-0.2%
HHH	B	-0.2%
WK	B	-0.2%
BFAM	D	-0.2%
PR	B	-0.19%
AMG	B	-0.19%
WING	D	-0.19%
CIEN	B	-0.19%
FCN	D	-0.19%
HAS	D	-0.19%
ONB	B	-0.19%
AXS	A	-0.19%
HRB	D	-0.19%
LNW	D	-0.19%
OHI	C	-0.19%
DAR	C	-0.19%
FRPT	B	-0.19%
AA	B	-0.19%
NOVT	D	-0.19%
RHP	B	-0.19%
WWD	B	-0.19%
CR	A	-0.19%
NVT	B	-0.19%
SF	B	-0.18%
SRPT	D	-0.18%
NYT	C	-0.18%
BWA	D	-0.18%
SPXC	A	-0.18%
THG	A	-0.18%
KNTK	B	-0.18%
MORN	B	-0.18%
DUOL	A	-0.18%
MDU	D	-0.18%
ENLC	A	-0.18%
LAZ	B	-0.17%
CHX	C	-0.17%
BERY	B	-0.17%
FN	D	-0.17%
PCH	D	-0.17%
TMHC	B	-0.17%
PCOR	B	-0.17%
PEN	B	-0.17%
ESTC	C	-0.17%
ASB	B	-0.17%
VVV	F	-0.17%
LPX	B	-0.17%
UBSI	B	-0.17%
MSA	D	-0.17%
GATX	A	-0.17%
WSC	D	-0.17%
MTZ	B	-0.17%
DLB	B	-0.16%
RGEN	D	-0.16%
BRX	A	-0.16%
DBX	B	-0.16%
TTEK	F	-0.16%
FAF	A	-0.16%
HQY	B	-0.16%
TNL	A	-0.16%
TKO	B	-0.16%
SLM	A	-0.16%
JAZZ	B	-0.16%
SITE	D	-0.16%
FLS	B	-0.16%
ELAN	D	-0.16%
GXO	B	-0.16%
VOYA	B	-0.16%
PVH	C	-0.16%
CFLT	B	-0.15%
VLY	B	-0.15%
ECG	C	-0.15%
CADE	B	-0.15%
WH	B	-0.15%
MEDP	D	-0.15%
CRUS	D	-0.15%
CROX	D	-0.15%
ANF	C	-0.15%
AM	A	-0.15%
VNT	B	-0.15%
FIBK	A	-0.15%
NOV	C	-0.15%
LSCC	D	-0.15%
RRX	B	-0.15%
ITCI	C	-0.15%
MOD	A	-0.15%
WFRD	D	-0.15%
GTLB	B	-0.15%
OZK	B	-0.14%
HXL	D	-0.14%
BECN	B	-0.14%
X	C	-0.14%
CHDN	B	-0.14%
GTLS	B	-0.14%
ESI	A	-0.14%
LFUS	F	-0.14%
CHE	D	-0.14%
SR	A	-0.14%
RYAN	B	-0.14%
SMAR	A	-0.14%
PRIM	A	-0.14%
ALTR	B	-0.14%
RMBS	C	-0.14%
MKSI	C	-0.14%
IBCP	B	-0.14%
BILL	A	-0.14%
ASGN	F	-0.14%
TPX	B	-0.14%
CZR	F	-0.14%
FMC	D	-0.14%
M	D	-0.13%
HESM	B	-0.13%
BRKR	D	-0.13%
CAVA	B	-0.13%
AIT	A	-0.13%
MAT	D	-0.13%
STRL	B	-0.13%
CBT	C	-0.13%
FYBR	D	-0.13%
ORI	A	-0.13%
KNF	A	-0.13%
SWX	B	-0.13%
CYTK	F	-0.13%
AZEK	A	-0.13%
MUR	D	-0.13%
WTM	A	-0.13%
VMI	B	-0.13%
ELF	C	-0.13%
COLB	A	-0.13%
AGCO	D	-0.13%
AGNC	D	-0.12%
OLLI	D	-0.12%
EVR	B	-0.12%
YETI	C	-0.12%
IRDM	D	-0.12%
QTWO	A	-0.12%
KOS	F	-0.12%
RKLB	B	-0.12%
BLKB	B	-0.12%
S	B	-0.12%
GL	B	-0.12%
CRDO	B	-0.12%
THO	B	-0.12%
ADT	C	-0.12%
GAP	C	-0.12%
HAE	C	-0.12%
PEGA	A	-0.11%
PATH	C	-0.11%
TXRH	C	-0.11%
JEF	A	-0.11%
ORA	B	-0.11%
KRC	C	-0.11%
GMED	A	-0.11%
VKTX	F	-0.11%
LYFT	C	-0.11%
XENE	D	-0.11%
CRNX	C	-0.11%
APPF	B	-0.11%
EFSC	B	-0.11%
SON	D	-0.11%
ADC	B	-0.11%
HALO	F	-0.11%
LBRDA	C	-0.11%
VC	D	-0.1%
CFR	B	-0.1%
TDC	D	-0.1%
ERII	D	-0.1%
RVMD	C	-0.1%
HCP	B	-0.1%
BRBR	A	-0.1%
TENB	C	-0.1%
FA	C	-0.1%
SSD	D	-0.1%
CAC	B	-0.1%
STWD	C	-0.1%
NXT	C	-0.1%
BHVN	D	-0.1%
DNLI	D	-0.1%
DRS	B	-0.1%
LITE	B	-0.1%
PFSI	D	-0.1%
FLR	B	-0.1%
TRNO	F	-0.1%
RDUS	C	-0.1%
KD	B	-0.1%
AMAL	B	-0.1%
CGNX	C	-0.1%
ALTM	C	-0.1%
PSN	D	-0.1%
LNTH	D	-0.1%
FIVE	F	-0.1%
LEA	D	-0.1%
VNO	B	-0.09%
AMED	F	-0.09%
RNA	D	-0.09%
UPST	B	-0.09%
U	C	-0.09%
ARW	D	-0.09%
WEN	D	-0.09%
POST	C	-0.09%
MGRC	B	-0.09%
FR	C	-0.09%
CURB	D	-0.09%
SLAB	D	-0.09%
ZI	D	-0.09%
MTSI	B	-0.09%
OPCH	D	-0.09%
NXST	C	-0.09%
RL	B	-0.09%
ATKR	C	-0.09%
HWC	B	-0.09%
IMAX	B	-0.09%
ACHC	F	-0.09%
EVRI	A	-0.08%
AVPT	A	-0.08%
SBRA	C	-0.08%
OLED	D	-0.08%
KTOS	B	-0.08%
ICFI	F	-0.08%
AUR	C	-0.08%
EWTX	C	-0.08%
BPMC	C	-0.08%
IESC	B	-0.08%
SPB	C	-0.08%
ACLX	C	-0.08%
SNX	C	-0.08%
CRSP	D	-0.08%
VSEC	C	-0.08%
BPOP	B	-0.08%
INTA	A	-0.08%
ST	F	-0.08%
SASR	B	-0.08%
TNET	D	-0.08%
PLYA	B	-0.08%
LBPH	A	-0.08%
TEX	D	-0.08%
CHWY	B	-0.08%
ENOV	C	-0.08%
VAC	B	-0.08%
TARS	B	-0.08%
PRKS	C	-0.08%
BWIN	D	-0.08%
HR	C	-0.08%
NTGR	B	-0.08%
PRCT	B	-0.08%
DOCS	C	-0.08%
MIR	A	-0.08%
EE	A	-0.07%
RARE	D	-0.07%
LBRDK	C	-0.07%
UEC	B	-0.07%
WU	D	-0.07%
GT	C	-0.07%
HGV	B	-0.07%
ESRT	C	-0.07%
COLM	B	-0.07%
TREX	C	-0.07%
ESNT	D	-0.07%
VVX	C	-0.07%
AVNT	B	-0.07%
PRGO	B	-0.07%
ZYME	C	-0.07%
ALHC	C	-0.07%
AZTA	D	-0.07%
HIMS	B	-0.07%
MHK	D	-0.07%
GH	B	-0.07%
BROS	B	-0.07%
FIVN	C	-0.07%
ATRC	C	-0.07%
VCTR	B	-0.07%
BC	C	-0.07%
WTFC	A	-0.07%
WRBY	B	-0.07%
AN	C	-0.07%
CCCS	B	-0.07%
PAR	B	-0.07%
CBZ	B	-0.06%
CAR	C	-0.06%
FNA	C	-0.06%
SG	B	-0.06%
TMCI	D	-0.06%
CLSK	C	-0.06%
IRON	B	-0.06%
PRO	C	-0.06%
DCO	C	-0.06%
VERA	B	-0.06%
RBBN	C	-0.06%
PBF	D	-0.06%
W	F	-0.06%
MBUU	C	-0.06%
PTCT	B	-0.06%
EXPO	D	-0.06%
AXSM	B	-0.06%
MOV	C	-0.06%
AGIO	C	-0.06%
NRIX	D	-0.06%
VRNT	C	-0.06%
COKE	C	-0.06%
JWN	C	-0.06%
POWI	D	-0.06%
CMCO	B	-0.06%
CHH	A	-0.06%
CWAN	B	-0.06%
TDOC	C	-0.06%
EXP	A	-0.06%
CLH	B	-0.06%
PNTG	D	-0.06%
CLNE	D	-0.06%
CMP	C	-0.06%
MGNI	A	-0.06%
RUSHB	B	-0.06%
KROS	D	-0.06%
VREX	C	-0.06%
FROG	C	-0.06%
PYCR	C	-0.06%
CART	C	-0.06%
OWL	A	-0.06%
NVST	B	-0.06%
ACVA	B	-0.06%
RCM	F	-0.06%
ROIV	C	-0.06%
FLYW	C	-0.06%
APG	B	-0.06%
IDYA	F	-0.06%
HURN	B	-0.06%
PK	B	-0.06%
MNKD	C	-0.06%
BYD	C	-0.06%
AVDX	B	-0.06%
VNOM	A	-0.06%
FRSH	C	-0.06%
KE	C	-0.06%
FUN	C	-0.06%
VRNS	D	-0.06%
CLF	F	-0.06%
MRUS	F	-0.06%
FOUR	B	-0.06%
MAN	D	-0.06%
VRDN	D	-0.06%
VERX	B	-0.06%
PDM	D	-0.06%
MASI	A	-0.06%
IBOC	A	-0.06%
RH	B	-0.06%
FFIN	B	-0.06%
COMP	B	-0.06%
SWTX	C	-0.05%
RXST	F	-0.05%
EWCZ	F	-0.05%
TWST	D	-0.05%
BNL	D	-0.05%
ARVN	D	-0.05%
NUVB	C	-0.05%
ZEUS	C	-0.05%
ETNB	C	-0.05%
RYN	D	-0.05%
IONS	F	-0.05%
PLOW	D	-0.05%
ARKO	C	-0.05%
SHC	F	-0.05%
CECO	A	-0.05%
LEVI	F	-0.05%
INFA	D	-0.05%
GERN	D	-0.05%
APGE	F	-0.05%
FLG	C	-0.05%
CDE	D	-0.05%
CLVT	F	-0.05%
XRAY	F	-0.05%
ACEL	C	-0.05%
BASE	C	-0.05%
MLTX	B	-0.05%
SLNO	B	-0.05%
INVX	C	-0.05%
ASAN	C	-0.05%
MLNK	B	-0.05%
AI	B	-0.05%
BEAM	D	-0.05%
PGRE	F	-0.05%
EDR	A	-0.05%
REVG	B	-0.05%
INFN	C	-0.05%
MRC	B	-0.05%
SPR	D	-0.05%
VITL	D	-0.05%
LCID	F	-0.05%
ELVN	D	-0.05%
MTTR	B	-0.05%
KYMR	D	-0.05%
XPRO	F	-0.05%
ZUO	B	-0.05%
JANX	C	-0.05%
CSTL	D	-0.05%
CC	C	-0.05%
GEF	A	-0.05%
TMDX	F	-0.05%
SKY	A	-0.05%
BE	B	-0.05%
LIVN	F	-0.05%
KMPR	B	-0.05%
EPR	D	-0.05%
MDGL	B	-0.05%
ARWR	F	-0.05%
KVYO	C	-0.05%
LOPE	B	-0.05%
RNG	B	-0.05%
ARQT	C	-0.05%
GEF	A	-0.05%
NUVL	D	-0.05%
UAA	C	-0.05%
NCNO	B	-0.05%
COLD	D	-0.05%
ALKT	B	-0.05%
PD	C	-0.05%
CIVI	D	-0.05%
CRAI	B	-0.05%
RCKT	F	-0.04%
CLW	F	-0.04%
BKD	D	-0.04%
HOUS	D	-0.04%
NEP	F	-0.04%
KURA	F	-0.04%
CRI	D	-0.04%
QS	F	-0.04%
PRTA	F	-0.04%
NTLA	F	-0.04%
CLDX	F	-0.04%
EGY	D	-0.04%
ESTA	D	-0.04%
SPT	C	-0.04%
JAMF	F	-0.04%
ARCT	F	-0.04%
CGEM	F	-0.04%
COUR	F	-0.04%
SAVA	D	-0.04%
SIBN	F	-0.04%
SNDX	F	-0.04%
IMVT	F	-0.04%
MMS	F	-0.04%
OSCR	D	-0.04%
AMC	C	-0.04%
ASH	D	-0.04%
PLUG	F	-0.04%
DYN	F	-0.04%
PLRX	F	-0.04%
HL	D	-0.04%
BBIO	F	-0.04%
DK	C	-0.04%
QDEL	F	-0.04%
ALEC	F	-0.04%
FLO	D	-0.04%
NVCR	C	-0.04%
MEI	D	-0.04%
IVR	F	-0.04%
BRZE	C	-0.04%
LGF.A	C	-0.04%
RXRX	F	-0.04%
TROX	D	-0.04%
COGT	D	-0.04%
RKT	F	-0.04%
NEOG	F	-0.04%
NVAX	F	-0.03%
ANAB	F	-0.03%
MEG	F	-0.03%
TXG	F	-0.03%
SITC	D	-0.03%
CNXC	F	-0.03%
CDNA	D	-0.03%
SVRA	D	-0.03%
PHAT	F	-0.03%
CRMT	C	-0.03%
APLS	D	-0.03%
CCRN	F	-0.03%
CPRI	F	-0.03%
ETWO	F	-0.03%
BRY	F	-0.03%
MQ	F	-0.03%
JELD	F	-0.03%
AGL	F	-0.02%
NOVA	F	-0.02%
ASPN	F	-0.02%
MAGN	F	-0.01%