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

$39.63

Average Daily Volume

103,734

Number of Holdings ^*

579

* 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

$38.14

Average Daily Volume

136,099

Number of Holdings ^*

901

* may have additional holdings in another (foreign) market

Performance

Period	RWJ	ESML
30 Days	-5.04%	-2.55%
60 Days	-1.73%	0.18%
90 Days	-4.21%	-2.51%
12 Months	6.29%	8.74%

305 Overlapping Holdings

Symbol	Grade	Weight in RWJ	Weight in ESML	Overlap
AAP	F	0.84%	0.1%	0.1%
AAT	B	0.03%	0.06%	0.03%
ABCB	B	0.11%	0.09%	0.09%
ABG	D	1.12%	0.12%	0.12%
ABM	B	0.63%	0.09%	0.09%
ACA	D	0.18%	0.13%	0.13%
ACIW	A	0.12%	0.12%	0.12%
ADUS	B	0.08%	0.06%	0.06%
AEIS	B	0.12%	0.18%	0.12%
AEO	F	0.4%	0.1%	0.1%
AGO	B	0.07%	0.06%	0.06%
AGYS	A	0.02%	0.05%	0.02%
AHH	C	0.05%	0.05%	0.05%
AIN	D	0.09%	0.05%	0.05%
AIR	B	0.18%	0.07%	0.07%
AL	D	0.2%	0.11%	0.11%
ALG	F	0.12%	0.08%	0.08%
ALK	D	0.79%	0.21%	0.21%
ALKS	C	0.13%	0.1%	0.1%
AMBC	F	0.02%	0.04%	0.02%
AMN	F	0.25%	0.1%	0.1%
AMWD	F	0.13%	0.07%	0.07%
ANDE	D	1.04%	0.07%	0.07%
ANF	B	0.31%	0.2%	0.2%
APAM	D	0.08%	0.09%	0.08%
ARCB	D	0.33%	0.05%	0.05%
AROC	C	0.08%	0.09%	0.08%
ASTE	F	0.09%	0.05%	0.05%
ATEN	C	0.02%	0.05%	0.02%
ATGE	A	0.12%	0.05%	0.05%
ATI	D	0.32%	0.16%	0.16%
AUB	C	0.08%	0.09%	0.08%
AVA	C	0.14%	0.19%	0.14%
AVAV	C	0.05%	0.13%	0.05%
AWI	D	0.1%	0.2%	0.1%
AWR	C	0.04%	0.05%	0.04%
AXL	F	0.48%	0.05%	0.05%
AZZ	D	0.12%	0.08%	0.08%
B	B	0.12%	0.05%	0.05%
BANC	D	0.06%	0.06%	0.06%
BANR	B	0.06%	0.12%	0.06%
BCC	F	0.48%	0.16%	0.16%
BCPC	B	0.07%	0.13%	0.07%
BDN	D	0.04%	0.05%	0.04%
BGC	C	0.16%	0.05%	0.05%
BHE	B	0.21%	0.17%	0.17%
BHLB	C	0.05%	0.11%	0.05%
BKU	B	0.15%	0.04%	0.04%
BL	D	0.05%	0.07%	0.05%
BMI	D	0.06%	0.29%	0.06%
BOH	C	0.08%	0.07%	0.07%
BOOT	B	0.13%	0.07%	0.07%
BOX	C	0.08%	0.13%	0.08%
BRC	B	0.1%	0.09%	0.09%
BXMT	D	0.16%	0.09%	0.09%
CABO	F	0.12%	0.15%	0.12%
CAKE	B	0.27%	0.06%	0.06%
CAL	D	0.21%	0.05%	0.05%
CALM	A	0.18%	0.05%	0.05%
CALX	C	0.08%	0.07%	0.07%
CBU	C	0.07%	0.05%	0.05%
CCOI	D	0.08%	0.05%	0.05%
CCRN	F	0.12%	0.05%	0.05%
CCS	D	0.28%	0.08%	0.08%
CERT	F	0.02%	0.04%	0.02%
CLB	B	0.04%	0.06%	0.04%
CLW	C	0.15%	0.05%	0.05%
CMA	C	0.41%	0.18%	0.18%
CMP	F	0.08%	0.05%	0.05%
CNK	A	0.27%	0.06%	0.06%
CNMD	F	0.09%	0.05%	0.05%
COOP	D	0.15%	0.05%	0.05%
CPF	A	0.03%	0.1%	0.03%
CPK	C	0.05%	0.12%	0.05%
CPRX	C	0.03%	0.05%	0.03%
CRC	B	0.19%	0.1%	0.1%
CRS	B	0.21%	0.09%	0.09%
CRVL	C	0.06%	0.08%	0.06%
CSGS	F	0.09%	0.09%	0.09%
CTS	D	0.04%	0.08%	0.04%
CUBI	C	0.12%	0.05%	0.05%
CVBF	C	0.05%	0.1%	0.05%
CWEN	D	0.05%	0.05%	0.05%
CWEN	D	0.05%	0.07%	0.05%
CWEN	D	0.05%	0.05%	0.05%
CWEN	D	0.05%	0.07%	0.05%
CWK	C	0.69%	0.06%	0.06%
CWT	C	0.07%	0.05%	0.05%
CXM	D	0.06%	0.04%	0.04%
DAN	F	0.8%	0.05%	0.05%
DEA	B	0.02%	0.07%	0.02%
DFIN	D	0.06%	0.13%	0.06%
DGII	D	0.03%	0.04%	0.03%
DIN	F	0.06%	0.05%	0.05%
DLX	B	0.16%	0.05%	0.05%
DNOW	C	0.18%	0.05%	0.05%
DOCN	C	0.05%	0.05%	0.05%
DRQ	F	0.03%	0.05%	0.03%
DV	D	0.04%	0.11%	0.04%
DXC	C	1.06%	0.12%	0.12%
DY	B	0.31%	0.1%	0.1%
EAT	B	0.35%	0.11%	0.11%
ECPG	D	0.09%	0.11%	0.09%
EMBC	D	0.08%	0.05%	0.05%
ENR	C	0.23%	0.07%	0.07%
ENSG	B	0.29%	0.19%	0.19%
ENV	D	0.1%	0.07%	0.07%
EPAC	C	0.04%	0.12%	0.04%
EPC	B	0.18%	0.06%	0.06%
EPRT	A	0.03%	0.14%	0.03%
ESE	D	0.07%	0.06%	0.06%
EYE	F	0.15%	0.08%	0.08%
FBP	A	0.09%	0.08%	0.08%
FELE	D	0.15%	0.22%	0.15%
FFBC	C	0.09%	0.05%	0.05%
FL	D	0.66%	0.08%	0.08%
FLGT	F	0.02%	0.05%	0.02%
FN	B	0.21%	0.19%	0.19%
FORM	B	0.05%	0.05%	0.05%
FOXF	C	0.11%	0.06%	0.06%
FSS	D	0.13%	0.16%	0.13%
FTDR	C	0.13%	0.21%	0.13%
FTRE	D	0.21%	0.07%	0.07%
FUL	D	0.26%	0.12%	0.12%
FULT	C	0.12%	0.12%	0.12%
GBX	D	0.28%	0.05%	0.05%
GDOT	F	0.12%	0.01%	0.01%
GKOS	A	0.02%	0.17%	0.02%
GO	D	0.32%	0.07%	0.07%
GOGO	D	0.03%	0.05%	0.03%
GPI	D	1.31%	0.2%	0.2%
GPRE	F	0.24%	0.03%	0.03%
GVA	B	0.27%	0.06%	0.06%
HAFC	B	0.03%	0.04%	0.03%
HAIN	D	0.13%	0.05%	0.05%
HASI	C	0.03%	0.13%	0.03%
HAYW	F	0.07%	0.05%	0.05%
HBI	C	0.4%	0.05%	0.05%
HCC	A	0.12%	0.05%	0.05%
HI	F	0.22%	0.09%	0.09%
HIBB	A	0.13%	0.06%	0.06%
HIW	B	0.06%	0.12%	0.06%
HLIT	B	0.04%	0.06%	0.04%
HLX	A	0.11%	0.05%	0.05%
HNI	C	0.19%	0.14%	0.14%
HPP	F	0.07%	0.05%	0.05%
HWKN	B	0.07%	0.06%	0.06%
HZO	C	0.19%	0.07%	0.07%
IART	C	0.11%	0.09%	0.09%
IBP	D	0.19%	0.1%	0.1%
ICHR	C	0.06%	0.05%	0.05%
ICUI	C	0.17%	0.06%	0.06%
IDCC	B	0.05%	0.11%	0.05%
INDB	D	0.07%	0.06%	0.06%
IOSP	D	0.15%	0.15%	0.15%
ITGR	D	0.12%	0.14%	0.12%
ITRI	D	0.16%	0.19%	0.16%
JBGS	B	0.05%	0.06%	0.05%
JBT	F	0.12%	0.1%	0.1%
JXN	B	0.28%	0.12%	0.12%
KAR	C	0.12%	0.11%	0.11%
KELYA	D	0.36%	0.05%	0.05%
KFY	B	0.21%	0.09%	0.09%
KLG	F	0.2%	0.04%	0.04%
KLIC	B	0.06%	0.19%	0.06%
KOP	F	0.15%	0.09%	0.09%
KREF	F	0.05%	0.06%	0.05%
KRYS	B	0.01%	0.08%	0.01%
KSS	F	1.43%	0.07%	0.07%
KTB	D	0.19%	0.13%	0.13%
LCII	F	0.28%	0.14%	0.14%
LEG	F	0.35%	0.09%	0.09%
LESL	F	0.1%	0.05%	0.05%
LNC	B	1.31%	0.1%	0.1%
LNN	D	0.05%	0.09%	0.05%
LRN	B	0.15%	0.1%	0.1%
LUMN	D	0.92%	0.04%	0.04%
LXP	B	0.03%	0.09%	0.03%
MAC	D	0.07%	0.07%	0.07%
MARA	B	0.04%	0.1%	0.04%
MC	A	0.07%	0.01%	0.01%
MHO	D	0.3%	0.05%	0.05%
MLKN	C	0.28%	0.05%	0.05%
MMI	F	0.05%	0.05%	0.05%
MMSI	A	0.1%	0.14%	0.1%
MNRO	D	0.09%	0.05%	0.05%
MODG	D	0.33%	0.1%	0.1%
MOG.A	D	0.27%	0.21%	0.21%
MOV	D	0.05%	0.08%	0.05%
MPW	F	0.06%	0.06%	0.06%
MRCY	D	0.06%	0.1%	0.06%
MTH	D	0.48%	0.17%	0.17%
MTRN	F	0.12%	0.07%	0.07%
MTX	B	0.16%	0.14%	0.14%
MXL	B	0.05%	0.06%	0.05%
MYE	F	0.06%	0.05%	0.05%
MYGN	B	0.06%	0.05%	0.05%
MYRG	F	0.27%	0.17%	0.17%
NABL	B	0.03%	0.06%	0.03%
NARI	C	0.04%	0.08%	0.04%
NBHC	A	0.05%	0.05%	0.05%
NBTB	B	0.05%	0.05%	0.05%
NEO	D	0.05%	0.05%	0.05%
NPO	D	0.08%	0.13%	0.08%
NSIT	B	0.69%	0.2%	0.2%
NWL	F	0.54%	0.07%	0.07%
NWN	F	0.09%	0.07%	0.07%
OGN	C	0.48%	0.13%	0.13%
OII	C	0.2%	0.07%	0.07%
OMCL	F	0.08%	0.05%	0.05%
OMI	F	0.72%	0.05%	0.05%
OUT	C	0.14%	0.06%	0.06%
PAHC	B	0.08%	0.05%	0.05%
PBI	A	0.23%	0.03%	0.03%
PDCO	F	0.52%	0.18%	0.18%
PDFS	B	0.01%	0.07%	0.01%
PECO	C	0.05%	0.06%	0.05%
PFS	D	0.05%	0.04%	0.04%
PINC	F	0.1%	0.13%	0.1%
PIPR	A	0.11%	0.07%	0.07%
PJT	A	0.1%	0.08%	0.08%
PLAY	F	0.14%	0.05%	0.05%
PLMR	C	0.03%	0.07%	0.03%
PLUS	C	0.16%	0.06%	0.06%
PLXS	D	0.3%	0.15%	0.15%
POWL	D	0.06%	0.06%	0.06%
PRAA	F	0.07%	0.05%	0.05%
PRG	D	0.18%	0.05%	0.05%
PRGS	B	0.05%	0.2%	0.05%
PRLB	F	0.04%	0.05%	0.04%
PRVA	D	0.12%	0.07%	0.07%
PSMT	D	0.36%	0.05%	0.05%
PTEN	F	0.38%	0.06%	0.06%
RAMP	C	0.05%	0.06%	0.05%
RCUS	F	0.02%	0.05%	0.02%
RDN	B	0.1%	0.09%	0.09%
RDNT	B	0.12%	0.08%	0.08%
REZI	D	0.46%	0.2%	0.2%
RHI	F	0.46%	0.22%	0.22%
RNST	C	0.07%	0.07%	0.07%
ROCK	F	0.1%	0.06%	0.06%
ROG	D	0.07%	0.09%	0.07%
RUN	D	0.16%	0.07%	0.07%
RUSHA	F	0.6%	0.05%	0.05%
RXO	B	0.35%	0.09%	0.09%
SATS	B	1.51%	0.05%	0.05%
SBH	D	0.28%	0.05%	0.05%
SCL	D	0.16%	0.12%	0.12%
SEDG	F	0.11%	0.05%	0.05%
SEE	F	0.4%	0.08%	0.08%
SEM	A	0.51%	0.06%	0.06%
SFBS	C	0.07%	0.05%	0.05%
SGH	B	0.09%	0.06%	0.06%
SHAK	D	0.08%	0.07%	0.07%
SHOO	C	0.15%	0.13%	0.13%
SIG	F	0.52%	0.11%	0.11%
SITC	B	0.04%	0.12%	0.04%
SJW	D	0.05%	0.1%	0.05%
SKT	D	0.04%	0.06%	0.04%
SLG	B	0.06%	0.08%	0.06%
SLVM	C	0.27%	0.05%	0.05%
SM	D	0.19%	0.05%	0.05%
SMP	F	0.1%	0.05%	0.05%
SMPL	D	0.1%	0.06%	0.06%
SMTC	C	0.06%	0.04%	0.04%
SONO	F	0.11%	0.09%	0.09%
SPSC	C	0.04%	0.19%	0.04%
STAA	B	0.03%	0.05%	0.03%
STC	C	0.17%	0.08%	0.08%
SXT	D	0.11%	0.08%	0.08%
TALO	D	0.14%	0.07%	0.07%
TBBK	B	0.05%	0.06%	0.05%
TDS	B	0.38%	0.06%	0.06%
TGI	B	0.11%	0.05%	0.05%
THRM	F	0.11%	0.06%	0.06%
THS	C	0.27%	0.05%	0.05%
TILE	D	0.09%	0.05%	0.05%
TNC	D	0.09%	0.07%	0.07%
TNDM	D	0.05%	0.08%	0.05%
TPH	D	0.29%	0.14%	0.14%
TRN	C	0.25%	0.09%	0.09%
UFPT	A	0.03%	0.05%	0.03%
UNFI	C	2.26%	0.06%	0.06%
UNIT	F	0.09%	0.08%	0.08%
VBTX	C	0.06%	0.05%	0.05%
VECO	B	0.05%	0.2%	0.05%
VFC	D	0.81%	0.17%	0.17%
VREX	F	0.06%	0.07%	0.06%
VRRM	B	0.07%	0.07%	0.07%
VRTS	C	0.07%	0.06%	0.06%
VSCO	F	0.47%	0.05%	0.05%
VSTS	F	0.22%	0.05%	0.05%
VVI	D	0.09%	0.05%	0.05%
WD	C	0.08%	0.07%	0.07%
WDFC	D	0.04%	0.1%	0.04%
WERN	F	0.24%	0.13%	0.13%
WGO	F	0.22%	0.12%	0.12%
WHD	B	0.09%	0.1%	0.09%
WNC	D	0.19%	0.06%	0.06%
XHR	D	0.08%	0.08%	0.08%
XNCR	F	0.01%	0.04%	0.01%
XPEL	F	0.03%	0.05%	0.03%
XRX	F	0.46%	0.06%	0.06%
YELP	F	0.1%	0.06%	0.06%
ZEUS	F	0.15%	0.06%	0.06%

RWJ Overweight 276 Positions Relative to ESML

Symbol	Grade	Weight
SAH	D	1.02%
HTZ	F	0.79%
JBLU	C	0.74%
SPTN	F	0.72%
CVI	F	0.66%
PARR	D	0.64%
SANM	B	0.6%
ODP	D	0.58%
GNW	D	0.53%
PENN	C	0.49%
OI	F	0.48%
ASO	F	0.47%
URBN	B	0.41%
MCY	C	0.37%
NAVI	F	0.37%
GMS	F	0.36%
LBRT	D	0.34%
BLMN	D	0.34%
EXPI	F	0.33%
NATL	A	0.32%
BTU	C	0.32%
FDP	F	0.32%
IAC	F	0.31%
HUBG	B	0.31%
VSAT	F	0.29%
CHEF	A	0.28%
PATK	C	0.27%
SCSC	D	0.26%
MLI	C	0.26%
WS	C	0.26%
MATX	B	0.26%
NBR	D	0.26%
PHIN	D	0.26%
CBRL	F	0.24%
DBI	F	0.24%
GIII	F	0.24%
AMR	C	0.24%
SKYW	B	0.24%
HP	D	0.22%
SABR	F	0.22%
KALU	D	0.22%
GES	F	0.21%
ARCH	C	0.21%
AHCO	C	0.21%
CNXN	D	0.21%
UVV	D	0.21%
SPNT	D	0.21%
CEIX	B	0.19%
TTMI	B	0.19%
ALGT	F	0.19%
WIRE	A	0.19%
VSTO	B	0.19%
GFF	D	0.19%
UNF	B	0.18%
GEO	C	0.18%
NVRI	B	0.17%
LZB	B	0.17%
WWW	B	0.17%
CENX	C	0.17%
ENVA	C	0.17%
MERC	F	0.16%
SXC	C	0.16%
MD	F	0.16%
LGIH	F	0.16%
MATV	D	0.16%
VIRT	B	0.16%
PZZA	F	0.16%
BGS	F	0.15%
WOR	F	0.15%
DORM	C	0.15%
KMT	F	0.15%
CXW	D	0.15%
NOG	C	0.14%
KWR	F	0.14%
SNEX	C	0.14%
SVC	F	0.14%
TWI	D	0.13%
PUMP	F	0.13%
SCHL	D	0.13%
HCSG	C	0.13%
CENTA	D	0.13%
CENT	F	0.13%
CVCO	D	0.13%
UCTT	A	0.13%
GRBK	B	0.13%
AX	C	0.13%
TRIP	F	0.13%
MATW	F	0.13%
FWRD	D	0.12%
OXM	D	0.12%
AMCX	F	0.12%
RES	F	0.12%
NGVT	F	0.12%
SPWR	D	0.12%
JJSF	B	0.12%
DXPE	D	0.12%
NUS	F	0.12%
ABR	B	0.12%
UCBI	D	0.11%
CRK	D	0.11%
CATY	C	0.11%
SLCA	B	0.11%
SFNC	C	0.11%
IPAR	D	0.11%
ASIX	F	0.11%
ASTH	B	0.11%
CRSR	F	0.11%
VGR	B	0.11%
SIX	B	0.11%
DIOD	F	0.11%
JACK	F	0.11%
OSIS	D	0.11%
HTH	C	0.11%
HMN	D	0.11%
PMT	D	0.11%
EXTR	C	0.1%
BKE	D	0.1%
SNCY	C	0.1%
MGY	C	0.1%
BJRI	B	0.1%
APLE	D	0.1%
RILY	F	0.1%
APOG	C	0.1%
OTTR	D	0.1%
WSFS	B	0.1%
VTOL	B	0.1%
PEB	D	0.1%
UFCS	D	0.09%
HOPE	C	0.09%
ACLS	B	0.09%
PRA	F	0.09%
TRMK	C	0.09%
STRA	D	0.09%
HTLD	C	0.09%
NHC	A	0.09%
FHB	C	0.09%
SCVL	B	0.09%
PBH	B	0.09%
WAFD	C	0.09%
RC	F	0.09%
TRUP	B	0.09%
DEI	C	0.08%
JBSS	D	0.08%
HSII	D	0.08%
NX	F	0.08%
TDW	D	0.08%
DRH	D	0.08%
FIZZ	A	0.08%
CNSL	B	0.08%
MRTN	C	0.08%
EZPW	C	0.08%
PLAB	F	0.07%
CARG	B	0.07%
ALRM	D	0.07%
EIG	C	0.07%
PRFT	B	0.07%
USNA	F	0.07%
MCW	D	0.07%
NVEE	F	0.07%
MSGS	B	0.07%
GDEN	F	0.07%
VIAV	F	0.07%
SHO	C	0.07%
SAFT	D	0.07%
IBTX	B	0.07%
KN	B	0.06%
INN	D	0.06%
NWBI	B	0.06%
STEP	A	0.06%
EVTC	F	0.06%
REX	D	0.06%
CVGW	F	0.06%
FBK	C	0.06%
ARI	D	0.06%
RWT	B	0.06%
MGPI	F	0.06%
SBCF	C	0.06%
AOSL	A	0.06%
CASH	B	0.06%
SSTK	F	0.06%
OFG	A	0.06%
TR	C	0.06%
BANF	C	0.06%
NTCT	D	0.06%
THRY	F	0.06%
HCI	C	0.05%
HAYN	C	0.05%
SUPN	F	0.05%
USPH	F	0.05%
GNL	C	0.05%
BRKL	D	0.05%
NMIH	A	0.05%
HRMY	B	0.05%
ETD	D	0.05%
MGEE	D	0.05%
FCF	C	0.05%
AVNS	C	0.05%
AMPH	F	0.05%
PRDO	D	0.05%
PCRX	D	0.05%
DCOM	B	0.05%
CARS	B	0.05%
EGBN	D	0.05%
SXI	D	0.05%
HVT	F	0.05%
CNS	B	0.04%
ARLO	B	0.04%
PFBC	C	0.04%
MCRI	D	0.04%
UTL	C	0.04%
RGR	F	0.04%
ANIP	C	0.04%
QNST	C	0.04%
KW	C	0.04%
CORT	B	0.04%
FBNC	C	0.04%
IIIN	F	0.04%
COLL	C	0.04%
WRLD	D	0.04%
COHU	C	0.04%
STBA	B	0.04%
LPG	D	0.04%
PRK	A	0.04%
LQDT	B	0.03%
NPK	D	0.03%
CHCO	B	0.03%
AKR	A	0.03%
VICR	F	0.03%
CFFN	B	0.03%
JOE	D	0.03%
LKFN	C	0.03%
EFC	B	0.03%
SBSI	C	0.03%
PPBI	C	0.03%
UE	A	0.03%
DDD	F	0.03%
IRWD	F	0.03%
BSIG	D	0.03%
CHUY	F	0.03%
LMAT	B	0.02%
MLAB	F	0.02%
ALEX	B	0.02%
VCEL	C	0.02%
TTGT	B	0.02%
CTRE	C	0.02%
DVAX	F	0.02%
TRST	C	0.02%
GSHD	F	0.02%
FCPT	B	0.02%
BFS	C	0.02%
CSR	B	0.02%
NXRT	B	0.02%
SHEN	C	0.02%
HSTM	B	0.02%
HFWA	D	0.02%
AMSF	F	0.02%
IIPR	B	0.02%
INVA	A	0.02%
TMP	C	0.02%
ROIC	C	0.02%
WABC	C	0.02%
VIR	F	0.01%
RGNX	F	0.01%
CEVA	F	0.01%
UHT	B	0.01%
CHCT	F	0.01%
LGND	B	0.01%
SITM	B	0.01%
BLFS	B	0.01%
WSR	B	0.01%
SDGR	F	0.01%
MSEX	D	0.01%
GTY	D	0.01%
CTKB	D	0.01%
LTC	A	0.01%
SLP	D	0.0%

RWJ Underweight 598 Positions Relative to ESML

Symbol	Grade	Weight
CASY	B	-0.56%
JHG	B	-0.44%
KBR	D	-0.42%
USFD	C	-0.4%
REXR	C	-0.39%
INGR	D	-0.37%
GWRE	A	-0.36%
FTI	C	-0.35%
FLEX	C	-0.34%
FIX	D	-0.34%
JLL	B	-0.34%
MUSA	B	-0.34%
EWBC	C	-0.33%
BLD	D	-0.32%
SFM	A	-0.32%
OSK	D	-0.32%
OGS	C	-0.31%
FRT	C	-0.31%
RGA	B	-0.31%
NTNX	C	-0.31%
ONTO	B	-0.31%
MDU	C	-0.3%
GPK	D	-0.3%
AVT	C	-0.3%
SIGI	D	-0.3%
CNM	D	-0.3%
WMS	D	-0.3%
SAIA	B	-0.29%
RRC	D	-0.29%
BJ	B	-0.29%
RGLD	C	-0.29%
SRPT	B	-0.29%
ITT	D	-0.28%
HAS	D	-0.28%
AXTA	D	-0.28%
AYI	D	-0.28%
UGI	D	-0.28%
DCI	D	-0.27%
XPO	C	-0.27%
BWXT	B	-0.27%
AMG	D	-0.27%
SCI	C	-0.27%
OHI	A	-0.27%
AR	D	-0.27%
EHC	B	-0.27%
WEX	D	-0.27%
CROX	B	-0.26%
R	B	-0.26%
WING	A	-0.26%
NJR	C	-0.25%
CRUS	A	-0.25%
LSTR	B	-0.25%
IBKR	A	-0.25%
RNR	C	-0.25%
FND	F	-0.25%
ELF	B	-0.25%
MTG	B	-0.25%
NVT	D	-0.24%
SNV	A	-0.24%
MTN	F	-0.24%
LNW	B	-0.24%
IVZ	D	-0.24%
TPR	B	-0.24%
ELAN	D	-0.24%
WFRD	C	-0.24%
CVNA	B	-0.24%
SWN	D	-0.24%
HOG	F	-0.24%
EGP	B	-0.23%
CMC	C	-0.23%
TOL	D	-0.23%
SUM	D	-0.23%
BFAM	C	-0.23%
COHR	B	-0.23%
WBS	C	-0.23%
FCN	C	-0.23%
ATR	D	-0.23%
LECO	F	-0.23%
ESTC	B	-0.23%
ARMK	B	-0.23%
WWD	C	-0.23%
PNFP	C	-0.22%
CUBE	B	-0.22%
SSB	D	-0.22%
PRI	B	-0.22%
MWA	C	-0.22%
DTM	A	-0.22%
WSC	F	-0.22%
NTRA	B	-0.22%
KBH	C	-0.22%
SNDR	B	-0.22%
NFG	D	-0.21%
UNM	C	-0.21%
UMBF	C	-0.21%
WTS	D	-0.21%
NOV	C	-0.21%
CACI	B	-0.21%
PVH	F	-0.21%
MSA	B	-0.21%
WCC	D	-0.21%
PR	C	-0.21%
NOVT	C	-0.21%
GBCI	C	-0.21%
CDP	A	-0.2%
OMF	D	-0.2%
WHR	C	-0.2%
CHX	C	-0.2%
GATX	C	-0.2%
CBSH	C	-0.2%
CNX	D	-0.2%
FHN	C	-0.2%
CW	C	-0.2%
ACHC	F	-0.2%
DLB	C	-0.2%
HRB	A	-0.2%
NNN	B	-0.19%
HHH	F	-0.19%
RLI	D	-0.19%
MKSI	B	-0.19%
DAR	D	-0.19%
ALSN	C	-0.19%
VVV	B	-0.19%
LFUS	C	-0.19%
FRPT	B	-0.19%
NYT	A	-0.19%
KNSL	C	-0.19%
BDC	C	-0.19%
BWA	F	-0.19%
RRX	F	-0.19%
SITE	F	-0.19%
AAON	B	-0.19%
PCVX	B	-0.19%
RHP	D	-0.19%
VOYA	D	-0.19%
MUR	D	-0.18%
FMC	D	-0.18%
ASGN	D	-0.18%
AA	C	-0.18%
AXS	B	-0.18%
SPXC	B	-0.18%
TGNA	D	-0.18%
EXLS	B	-0.18%
VNT	D	-0.18%
PLNT	B	-0.18%
NCLH	B	-0.18%
MEDP	B	-0.18%
WK	F	-0.18%
BERY	D	-0.18%
GNRC	D	-0.18%
CUZ	D	-0.18%
ZWS	D	-0.18%
THC	B	-0.18%
ENLC	A	-0.18%
TTEK	C	-0.18%
CR	C	-0.18%
PCH	F	-0.18%
TKO	B	-0.17%
RMBS	C	-0.17%
M	D	-0.17%
HXL	D	-0.17%
HRI	F	-0.17%
BRKR	F	-0.17%
LAD	D	-0.17%
MORN	B	-0.17%
KOS	D	-0.17%
CVLT	A	-0.17%
HQY	A	-0.16%
TPX	D	-0.16%
THG	C	-0.16%
X	C	-0.16%
JAZZ	F	-0.16%
NXT	D	-0.16%
GPS	B	-0.16%
CNO	B	-0.16%
MTZ	C	-0.16%
GTLS	F	-0.16%
ZION	C	-0.16%
WAL	C	-0.16%
ONB	C	-0.16%
AM	B	-0.16%
AGCO	F	-0.16%
AFRM	F	-0.15%
HESM	A	-0.15%
CIEN	C	-0.15%
ALTR	B	-0.15%
INSM	B	-0.15%
TNL	C	-0.15%
PEN	F	-0.15%
LPX	D	-0.15%
ETRN	D	-0.15%
SLM	C	-0.15%
ESI	B	-0.15%
TMHC	D	-0.15%
YETI	D	-0.15%
PCOR	D	-0.15%
CHDN	B	-0.15%
ATKR	F	-0.15%
GXO	D	-0.15%
ITCI	C	-0.15%
FIVE	F	-0.15%
CGNX	B	-0.15%
ASB	C	-0.15%
FAF	D	-0.15%
GME	C	-0.14%
FIBK	C	-0.14%
MOD	C	-0.14%
SR	C	-0.14%
MAT	F	-0.14%
SF	A	-0.14%
CYTK	D	-0.14%
WTM	C	-0.14%
FLS	D	-0.14%
SWX	D	-0.14%
AZEK	D	-0.14%
BECN	D	-0.14%
KNTK	A	-0.14%
SON	F	-0.14%
UBSI	D	-0.14%
VLY	D	-0.13%
CADE	C	-0.13%
WH	C	-0.13%
OZK	D	-0.13%
TDC	D	-0.13%
GTLB	C	-0.13%
CBT	D	-0.13%
LEA	F	-0.13%
DBX	D	-0.13%
HAE	D	-0.13%
OPCH	F	-0.13%
RYAN	B	-0.13%
CHE	D	-0.13%
APPF	B	-0.13%
AGNC	B	-0.13%
THO	D	-0.13%
FTAI	A	-0.12%
SLAB	F	-0.12%
TREX	F	-0.12%
ZI	F	-0.12%
PFSI	B	-0.12%
BRX	B	-0.12%
SMAR	B	-0.12%
HALO	A	-0.12%
VMI	B	-0.12%
VKTX	D	-0.12%
EVRI	C	-0.12%
ORI	D	-0.12%
BLKB	C	-0.12%
VC	F	-0.12%
GL	C	-0.11%
KNF	D	-0.11%
KD	B	-0.11%
SSD	F	-0.11%
CRSP	D	-0.11%
PRIM	C	-0.11%
FYBR	B	-0.11%
TENB	D	-0.11%
OLED	A	-0.11%
ORA	C	-0.11%
TRNO	B	-0.11%
SOFI	F	-0.11%
STWD	D	-0.11%
LNTH	B	-0.11%
XENE	D	-0.11%
FLO	D	-0.11%
ADT	B	-0.11%
IRDM	F	-0.11%
IBCP	C	-0.11%
CIVI	D	-0.1%
BPMC	A	-0.1%
WEN	F	-0.1%
NXST	C	-0.1%
XPRO	B	-0.1%
DNLI	B	-0.1%
KRC	D	-0.1%
EVR	A	-0.1%
AMED	A	-0.1%
DUOL	D	-0.1%
GMED	B	-0.1%
AIT	C	-0.1%
LYFT	D	-0.1%
PBF	D	-0.1%
TXRH	B	-0.1%
ADC	B	-0.1%
FA	D	-0.1%
ST	D	-0.1%
FLR	B	-0.1%
TNET	F	-0.1%
INSP	F	-0.09%
AZTA	D	-0.09%
FIVN	D	-0.09%
IDYA	F	-0.09%
AN	C	-0.09%
HR	B	-0.09%
MGRC	D	-0.09%
RDUS	F	-0.09%
ESNT	B	-0.09%
W	F	-0.09%
FR	C	-0.09%
BILL	F	-0.09%
ENOV	F	-0.09%
ERII	F	-0.09%
EFSC	B	-0.09%
COLB	C	-0.09%
PSN	B	-0.09%
HWC	C	-0.09%
TMDX	B	-0.09%
POST	C	-0.09%
TEX	D	-0.09%
VRNT	B	-0.09%
S	C	-0.09%
STRL	C	-0.09%
WOLF	F	-0.09%
ARW	D	-0.09%
ZD	F	-0.09%
WU	D	-0.09%
POWI	F	-0.09%
HCP	A	-0.09%
WOOF	C	-0.08%
OLLI	A	-0.08%
CRNX	C	-0.08%
DRS	B	-0.08%
ARWR	C	-0.08%
PRGO	D	-0.08%
KE	F	-0.08%
CAC	B	-0.08%
PLYA	D	-0.08%
CFR	C	-0.08%
ALTM	F	-0.08%
GH	B	-0.08%
QTWO	C	-0.08%
PEGA	C	-0.08%
BC	F	-0.08%
PGNY	D	-0.08%
BHVN	D	-0.08%
BPOP	C	-0.08%
VITL	B	-0.08%
ICFI	D	-0.08%
CLNE	D	-0.08%
IMAX	B	-0.08%
CCCS	D	-0.08%
JEF	A	-0.08%
AMAL	A	-0.08%
MAN	D	-0.08%
HELE	F	-0.08%
MTSI	B	-0.08%
VAC	F	-0.08%
PRKS	B	-0.08%
XRAY	F	-0.08%
HIMS	B	-0.08%
SPB	D	-0.08%
TROX	D	-0.08%
RL	C	-0.08%
BRBR	C	-0.08%
HGV	D	-0.07%
MODN	B	-0.07%
LCID	F	-0.07%
PRCT	C	-0.07%
CPRI	D	-0.07%
ESRT	C	-0.07%
AVNT	D	-0.07%
LITE	B	-0.07%
GERN	B	-0.07%
TWST	B	-0.07%
CERE	C	-0.07%
PI	C	-0.07%
MIR	B	-0.07%
PD	B	-0.07%
CLVT	F	-0.07%
PK	C	-0.07%
APG	C	-0.07%
NRIX	B	-0.07%
CLSK	B	-0.07%
SBRA	A	-0.07%
CHH	B	-0.07%
FROG	C	-0.07%
NEP	F	-0.07%
CAVA	A	-0.07%
KTOS	C	-0.07%
NTLA	D	-0.07%
LOPE	C	-0.07%
MRUS	B	-0.07%
COLD	C	-0.07%
LBRDA	C	-0.07%
IRON	C	-0.07%
CRDO	B	-0.07%
RNA	A	-0.07%
COLM	D	-0.07%
RVMD	C	-0.07%
LEVI	D	-0.07%
CC	F	-0.07%
SG	B	-0.06%
PDM	B	-0.06%
WT	B	-0.06%
SPT	D	-0.06%
SNDX	C	-0.06%
CRI	F	-0.06%
IVR	B	-0.06%
BWIN	A	-0.06%
MNKD	B	-0.06%
CAR	F	-0.06%
VERX	A	-0.06%
DYN	B	-0.06%
WKC	B	-0.06%
PETQ	A	-0.06%
BE	F	-0.06%
EPR	C	-0.06%
SHC	C	-0.06%
ARKO	C	-0.06%
CNXC	C	-0.06%
NVST	F	-0.06%
AVPT	A	-0.06%
ACEL	D	-0.06%
CLH	B	-0.06%
IBOC	C	-0.06%
NUVL	B	-0.06%
RKT	C	-0.06%
RCKT	F	-0.06%
RKLB	C	-0.06%
RCM	B	-0.06%
SQSP	A	-0.06%
VNO	B	-0.06%
MHK	D	-0.06%
MDGL	B	-0.06%
CBZ	D	-0.06%
MLNK	B	-0.06%
NTGR	B	-0.06%
JWN	B	-0.06%
CLDX	C	-0.06%
GTES	D	-0.06%
ACVA	D	-0.06%
CMCO	F	-0.06%
SASR	B	-0.06%
FNB	C	-0.06%
EXPO	B	-0.06%
MGNI	B	-0.06%
AGL	D	-0.06%
WTFC	C	-0.06%
TMCI	F	-0.06%
ROIV	C	-0.06%
PRTA	F	-0.06%
VSEC	B	-0.06%
AVDX	B	-0.06%
RXST	D	-0.06%
RARE	D	-0.06%
TKR	D	-0.06%
AIRC	A	-0.06%
NEOG	C	-0.06%
SPR	B	-0.06%
VVX	D	-0.06%
INFA	B	-0.06%
SIBN	D	-0.05%
JAMF	D	-0.05%
BRY	D	-0.05%
ASAN	D	-0.05%
ARVN	D	-0.05%
QS	F	-0.05%
OEC	F	-0.05%
MTDR	D	-0.05%
MTUS	D	-0.05%
OFIX	F	-0.05%
LGF.A	C	-0.05%
DK	D	-0.05%
UPST	F	-0.05%
ARQT	B	-0.05%
JANX	C	-0.05%
NUVB	C	-0.05%
RNG	D	-0.05%
VERA	C	-0.05%
SAVA	F	-0.05%
SKY	F	-0.05%
UPWK	D	-0.05%
RIOT	D	-0.05%
IMVT	D	-0.05%
SVRA	C	-0.05%
GT	F	-0.05%
FRSH	D	-0.05%
MRC	C	-0.05%
NYCB	F	-0.05%
KYMR	D	-0.05%
VAL	C	-0.05%
KVYO	B	-0.05%
MTTR	C	-0.05%
UEC	F	-0.05%
ZUO	C	-0.05%
ETWO	C	-0.05%
BRZE	C	-0.05%
ARCT	F	-0.05%
RH	D	-0.05%
DAWN	D	-0.05%
VYX	D	-0.05%
BEAM	D	-0.05%
BKD	C	-0.05%
WRBY	B	-0.05%
RUSHB	F	-0.05%
RBBN	C	-0.05%
LIVN	C	-0.05%
ATEC	F	-0.05%
RXRX	F	-0.05%
QLYS	D	-0.05%
MEG	C	-0.05%
AUR	C	-0.05%
ELVN	B	-0.05%
EWTX	C	-0.05%
ASPN	C	-0.05%
BBIO	F	-0.05%
NVAX	C	-0.05%
MEI	F	-0.05%
CRMT	F	-0.05%
VNOM	C	-0.05%
KURA	C	-0.05%
ETNB	F	-0.05%
ZYME	D	-0.05%
APLS	F	-0.05%
PNTG	B	-0.05%
PLOW	F	-0.05%
PAR	B	-0.05%
ASH	D	-0.05%
MORF	B	-0.05%
REVG	C	-0.05%
FLYW	F	-0.05%
VCTR	D	-0.05%
PGRE	D	-0.05%
AMC	C	-0.05%
CDE	B	-0.05%
BYD	F	-0.05%
AXSM	B	-0.05%
VRDN	D	-0.05%
SWTX	C	-0.05%
EE	B	-0.05%
DOCS	B	-0.05%
MLTX	C	-0.05%
ALHC	B	-0.05%
LBTYK	C	-0.05%
RYN	D	-0.05%
GEF	F	-0.05%
INFN	B	-0.05%
KMPR	C	-0.05%
CECO	B	-0.05%
EDR	A	-0.05%
MQ	C	-0.05%
AORT	A	-0.05%
COKE	A	-0.05%
EVBG	B	-0.05%
TDOC	F	-0.05%
EGY	C	-0.05%
ARRY	F	-0.05%
CATC	B	-0.05%
PRO	F	-0.05%
EWCZ	F	-0.05%
LBPH	B	-0.05%
PYCR	D	-0.05%
UAA	D	-0.05%
KROS	F	-0.05%
ATRC	D	-0.05%
CRAI	B	-0.05%
VRNS	B	-0.05%
DCO	B	-0.05%
INTA	B	-0.05%
MBUU	F	-0.05%
GEF	F	-0.05%
PHAT	C	-0.05%
PTGX	A	-0.05%
PTCT	C	-0.05%
FFIN	C	-0.05%
MASI	D	-0.05%
AI	B	-0.05%
FOUR	B	-0.05%
ACLX	B	-0.05%
SYM	D	-0.04%
CHGG	F	-0.04%
CGEM	D	-0.04%
PLRX	F	-0.04%
ESTA	D	-0.04%
FNA	F	-0.04%
APGE	D	-0.04%
NFE	F	-0.04%
OSCR	D	-0.04%
PLUG	F	-0.04%
TARS	C	-0.04%
ARDX	C	-0.04%
CYRX	F	-0.04%
TXG	F	-0.04%
IESC	C	-0.04%
MTW	F	-0.04%
HL	D	-0.04%
COMP	D	-0.04%
RIG	F	-0.04%
NVCR	D	-0.04%
FSLY	F	-0.04%
ALEC	F	-0.04%
QDEL	F	-0.04%
JELD	F	-0.04%
XPER	D	-0.04%
ALV	D	-0.04%
CSTL	D	-0.04%
BASE	D	-0.03%
HOUS	F	-0.03%
SANA	F	-0.03%