ESML vs. BBMC ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC)

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

$44.46

Average Daily Volume

88,928

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

BBMC

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar® US Mid Cap Target Market Exposure Extended IndexSM. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe.

Grade (RS Rating)

Last Trade

$101.94

Average Daily Volume

37,276

Number of Holdings ^*

571

* may have additional holdings in another (foreign) market

Performance

Period	ESML	BBMC
30 Days	6.19%	6.97%
60 Days	6.82%	8.57%
90 Days	7.85%	9.71%
12 Months	32.19%	32.50%

420 Overlapping Holdings

	Symbol	Grade	Weight in ESML	Weight in BBMC	Overlap
	AA	A	0.19%	0.27%	0.19%
	AAON	B	0.25%	0.22%	0.22%
	AAP	D	0.06%	0.06%	0.06%
	ABG	C	0.12%	0.13%	0.12%
	ACA	A	0.14%	0.13%	0.13%
	ACHC	F	0.09%	0.09%	0.09%
	ADC	A	0.11%	0.18%	0.11%
	AEIS	C	0.17%	0.1%	0.1%
	AFRM	A	0.23%	0.36%	0.23%
	AGCO	D	0.13%	0.15%	0.13%
	AGNC	C	0.12%	0.19%	0.12%
	AGO	B	0.06%	0.12%	0.06%
	AIT	B	0.13%	0.26%	0.13%
	AL	B	0.1%	0.13%	0.1%
	ALK	B	0.23%	0.17%	0.17%
	ALKS	C	0.1%	0.12%	0.1%
	ALSN	B	0.26%	0.26%	0.26%
	ALTR	B	0.14%	0.15%	0.14%
	AM	A	0.15%	0.13%	0.13%
	AMG	B	0.19%	0.15%	0.15%
	AN	C	0.07%	0.11%	0.07%
	ANF	F	0.15%	0.18%	0.15%
	APG	B	0.06%	0.17%	0.06%
	APLS	F	0.03%	0.05%	0.03%
	AR	B	0.22%	0.24%	0.22%
	ARMK	B	0.23%	0.24%	0.23%
	ARW	D	0.09%	0.15%	0.09%
	ARWR	D	0.05%	0.06%	0.05%
	ASGN	F	0.14%	0.1%	0.1%
	ASH	F	0.04%	0.09%	0.04%
	ATI	C	0.14%	0.18%	0.14%
	ATKR	D	0.09%	0.08%	0.08%
	ATR	B	0.24%	0.27%	0.24%
	AVA	A	0.19%	0.08%	0.08%
	AVNT	B	0.07%	0.12%	0.07%
	AVT	C	0.27%	0.12%	0.12%
	AWI	A	0.23%	0.17%	0.17%
	AWR	B	0.05%	0.08%	0.05%
	AXS	A	0.19%	0.17%	0.17%
	AXSM	B	0.06%	0.09%	0.06%
	AXTA	B	0.27%	0.21%	0.21%
	AYI	B	0.34%	0.25%	0.25%
	AZEK	A	0.13%	0.17%	0.13%
	AZTA	D	0.07%	0.05%	0.05%
	BC	C	0.07%	0.14%	0.07%
	BCPC	B	0.13%	0.14%	0.13%
	BDC	C	0.2%	0.12%	0.12%
	BE	B	0.05%	0.12%	0.05%
	BECN	B	0.14%	0.17%	0.14%
	BERY	C	0.17%	0.19%	0.17%
	BFAM	D	0.2%	0.16%	0.16%
	BILL	A	0.14%	0.21%	0.14%
	BJ	A	0.25%	0.27%	0.25%
	BL	B	0.08%	0.07%	0.07%
	BLD	D	0.26%	0.28%	0.26%
	BLKB	B	0.12%	0.09%	0.09%
	BMI	B	0.3%	0.16%	0.16%
	BOX	B	0.13%	0.12%	0.12%
	BPMC	B	0.08%	0.14%	0.08%
	BPOP	C	0.08%	0.17%	0.08%
	BRBR	A	0.1%	0.24%	0.1%
	BRKR	D	0.13%	0.12%	0.12%
	BRX	A	0.16%	0.22%	0.16%
	BWA	D	0.18%	0.2%	0.18%
	BWXT	B	0.3%	0.29%	0.29%
	BXMT	C	0.08%	0.07%	0.07%
	BYD	B	0.06%	0.12%	0.06%
	CACI	D	0.21%	0.25%	0.21%
	CADE	B	0.15%	0.17%	0.15%
	CAR	C	0.06%	0.04%	0.04%
	CASY	A	0.52%	0.38%	0.38%
	CBSH	B	0.23%	0.23%	0.23%
	CBT	D	0.13%	0.15%	0.13%
	CC	C	0.05%	0.07%	0.05%
	CCOI	B	0.1%	0.09%	0.09%
	CFLT	B	0.15%	0.16%	0.15%
	CFR	B	0.1%	0.21%	0.1%
	CGNX	D	0.1%	0.16%	0.1%
	CHDN	B	0.14%	0.25%	0.14%
	CHE	D	0.14%	0.21%	0.14%
	CHH	A	0.06%	0.1%	0.06%
	CHX	C	0.17%	0.15%	0.15%
	CIEN	C	0.19%	0.24%	0.19%
	CIVI	D	0.05%	0.09%	0.05%
	CLF	F	0.06%	0.14%	0.06%
	CLH	C	0.06%	0.31%	0.06%
	CLVT	D	0.05%	0.04%	0.04%
	CMA	B	0.21%	0.23%	0.21%
	CMC	B	0.22%	0.17%	0.17%
	CNM	D	0.22%	0.2%	0.2%
	CNXC	F	0.03%	0.04%	0.03%
	COHR	B	0.28%	0.36%	0.28%
	COKE	C	0.06%	0.16%	0.06%
	COLB	B	0.13%	0.16%	0.13%
	COLD	D	0.05%	0.14%	0.05%
	COLM	C	0.07%	0.07%	0.07%
	COOP	B	0.05%	0.15%	0.05%
	CPRI	F	0.03%	0.06%	0.03%
	CR	A	0.19%	0.21%	0.19%
	CRC	A	0.1%	0.08%	0.08%
	CROX	D	0.15%	0.15%	0.15%
	CRSP	D	0.08%	0.1%	0.08%
	CRUS	D	0.15%	0.14%	0.14%
	CRVL	B	0.09%	0.08%	0.08%
	CUBE	C	0.2%	0.27%	0.2%
	CUZ	B	0.21%	0.11%	0.11%
	CVNA	B	0.48%	0.7%	0.48%
	CW	C	0.23%	0.34%	0.23%
	CWEN	C	0.05%	0.02%	0.02%
	CWEN	C	0.07%	0.02%	0.02%
	CWEN	C	0.07%	0.06%	0.06%
	CWEN	C	0.05%	0.06%	0.05%
	CWT	C	0.04%	0.07%	0.04%
	CYTK	F	0.13%	0.15%	0.13%
	CZR	F	0.14%	0.19%	0.14%
	DAR	C	0.19%	0.17%	0.17%
	DBX	B	0.16%	0.16%	0.16%
	DCI	B	0.25%	0.23%	0.23%
	DLB	B	0.16%	0.11%	0.11%
	DOCS	C	0.08%	0.16%	0.08%
	DTM	A	0.28%	0.25%	0.25%
	DUOL	A	0.18%	0.28%	0.18%
	DV	C	0.1%	0.07%	0.07%
	DXC	B	0.11%	0.09%	0.09%
	EDR	A	0.05%	0.14%	0.05%
	EGP	D	0.21%	0.21%	0.21%
	EHC	B	0.29%	0.25%	0.25%
	ELAN	D	0.16%	0.17%	0.16%
	ELF	C	0.13%	0.16%	0.13%
	ENOV	C	0.08%	0.06%	0.06%
	ENSG	C	0.2%	0.2%	0.2%
	ENV	B	0.06%	0.08%	0.06%
	EPR	C	0.05%	0.08%	0.05%
	EPRT	B	0.18%	0.15%	0.15%
	ESI	B	0.14%	0.16%	0.14%
	ESNT	F	0.07%	0.15%	0.07%
	ESTC	C	0.17%	0.18%	0.17%
	ETSY	D	0.1%	0.15%	0.1%
	EVR	B	0.12%	0.27%	0.12%
	EXLS	B	0.23%	0.18%	0.18%
	EXP	B	0.06%	0.26%	0.06%
	EXPO	D	0.06%	0.12%	0.06%
	FAF	A	0.16%	0.17%	0.16%
	FCN	F	0.19%	0.17%	0.17%
	FELE	B	0.22%	0.11%	0.11%
	FFIN	B	0.06%	0.15%	0.06%
	FHN	A	0.23%	0.28%	0.23%
	FIVE	F	0.1%	0.12%	0.1%
	FIVN	C	0.07%	0.07%	0.07%
	FIX	A	0.38%	0.4%	0.38%
	FLO	D	0.04%	0.11%	0.04%
	FLR	B	0.1%	0.23%	0.1%
	FLS	B	0.16%	0.2%	0.16%
	FLYW	B	0.06%	0.05%	0.05%
	FMC	D	0.14%	0.17%	0.14%
	FN	C	0.17%	0.21%	0.17%
	FND	D	0.2%	0.27%	0.2%
	FOUR	A	0.06%	0.15%	0.06%
	FR	D	0.09%	0.16%	0.09%
	FRPT	A	0.19%	0.17%	0.17%
	FRT	B	0.31%	0.23%	0.23%
	FSS	B	0.15%	0.14%	0.14%
	FUL	F	0.1%	0.1%	0.1%
	FYBR	C	0.13%	0.16%	0.13%
	GAP	C	0.12%	0.12%	0.12%
	GATX	A	0.17%	0.13%	0.13%
	GBCI	B	0.3%	0.16%	0.16%
	GEF	A	0.05%	0.04%	0.04%
	GEF	A	0.05%	0.04%	0.04%
	GL	C	0.12%	0.25%	0.12%
	GME	C	0.21%	0.26%	0.21%
	GMED	A	0.11%	0.23%	0.11%
	GNRC	C	0.22%	0.28%	0.22%
	GPI	B	0.19%	0.14%	0.14%
	GPK	C	0.26%	0.22%	0.22%
	GT	C	0.07%	0.07%	0.07%
	GTES	A	0.07%	0.1%	0.07%
	GTLB	B	0.15%	0.17%	0.15%
	GTLS	A	0.14%	0.18%	0.14%
	GWRE	A	0.43%	0.41%	0.41%
	GXO	B	0.16%	0.17%	0.16%
	HAE	C	0.12%	0.11%	0.11%
	HALO	F	0.11%	0.14%	0.11%
	HAS	D	0.19%	0.2%	0.19%
	HGV	C	0.07%	0.08%	0.07%
	HHH	B	0.2%	0.06%	0.06%
	HI	C	0.07%	0.06%	0.06%
	HL	D	0.04%	0.08%	0.04%
	HOG	D	0.2%	0.11%	0.11%
	HQY	A	0.16%	0.22%	0.16%
	HRB	D	0.19%	0.21%	0.19%
	HRI	C	0.24%	0.15%	0.15%
	HWC	B	0.09%	0.12%	0.09%
	HXL	F	0.14%	0.12%	0.12%
	IBKR	A	0.32%	0.49%	0.32%
	IBP	D	0.09%	0.12%	0.09%
	IMVT	F	0.04%	0.04%	0.04%
	INFA	D	0.05%	0.08%	0.05%
	INGR	C	0.42%	0.23%	0.23%
	INSP	D	0.08%	0.13%	0.08%
	IONS	F	0.05%	0.12%	0.05%
	IRDM	D	0.12%	0.08%	0.08%
	ITCI	C	0.15%	0.2%	0.15%
	ITT	A	0.28%	0.32%	0.28%
	IVZ	B	0.24%	0.14%	0.14%
	JAZZ	B	0.16%	0.19%	0.16%
	JBT	B	0.08%	0.09%	0.08%
	JEF	A	0.11%	0.3%	0.11%
	JHG	B	0.51%	0.14%	0.14%
	JLL	D	0.34%	0.31%	0.31%
	JXN	C	0.14%	0.18%	0.14%
	KBH	D	0.2%	0.13%	0.13%
	KBR	F	0.35%	0.2%	0.2%
	KD	B	0.1%	0.16%	0.1%
	KMPR	A	0.05%	0.11%	0.05%
	KNSL	B	0.2%	0.26%	0.2%
	KRC	B	0.11%	0.11%	0.11%
	LAD	A	0.22%	0.26%	0.22%
	LBRDA	C	0.11%	0.04%	0.04%
	LBRDK	C	0.07%	0.24%	0.07%
	LCID	F	0.05%	0.05%	0.05%
	LEA	F	0.1%	0.14%	0.1%
	LECO	C	0.2%	0.3%	0.2%
	LFUS	D	0.14%	0.15%	0.14%
	LITE	B	0.1%	0.13%	0.1%
	LNC	C	0.09%	0.15%	0.09%
	LNTH	D	0.1%	0.13%	0.1%
	LNW	F	0.19%	0.21%	0.19%
	LOPE	C	0.05%	0.11%	0.05%
	LPX	B	0.17%	0.19%	0.17%
	LSCC	D	0.15%	0.17%	0.15%
	LSTR	D	0.21%	0.16%	0.16%
	LYFT	C	0.11%	0.15%	0.11%
	M	F	0.13%	0.1%	0.1%
	MAN	F	0.06%	0.07%	0.06%
	MASI	B	0.06%	0.18%	0.06%
	MAT	D	0.13%	0.16%	0.13%
	MDGL	B	0.05%	0.12%	0.05%
	MDU	D	0.18%	0.09%	0.09%
	MEDP	D	0.15%	0.19%	0.15%
	MHK	D	0.07%	0.18%	0.07%
	MKSI	C	0.14%	0.16%	0.14%
	MMS	F	0.04%	0.12%	0.04%
	MMSI	A	0.15%	0.15%	0.15%
	MODG	F	0.05%	0.03%	0.03%
	MORN	B	0.18%	0.22%	0.18%
	MPW	F	0.05%	0.06%	0.05%
	MSA	F	0.17%	0.16%	0.16%
	MTG	C	0.23%	0.17%	0.17%
	MTH	D	0.17%	0.16%	0.16%
	MTN	C	0.2%	0.17%	0.17%
	MTSI	B	0.09%	0.18%	0.09%
	MTZ	B	0.17%	0.21%	0.17%
	MUR	D	0.13%	0.13%	0.13%
	MUSA	B	0.34%	0.26%	0.26%
	NCLH	B	0.24%	0.28%	0.24%
	NEOG	F	0.04%	0.08%	0.04%
	NFG	A	0.2%	0.14%	0.14%
	NJR	A	0.21%	0.12%	0.12%
	NOV	C	0.15%	0.16%	0.15%
	NOVT	D	0.19%	0.15%	0.15%
	NSIT	F	0.13%	0.1%	0.1%
	NTNX	B	0.36%	0.42%	0.36%
	NTRA	A	0.31%	0.47%	0.31%
	NVST	B	0.06%	0.09%	0.06%
	NVT	B	0.19%	0.3%	0.19%
	NWL	C	0.1%	0.09%	0.09%
	NXST	C	0.09%	0.13%	0.09%
	NYT	D	0.18%	0.21%	0.18%
	OGN	F	0.09%	0.1%	0.09%
	OGS	A	0.31%	0.1%	0.1%
	OHI	C	0.19%	0.24%	0.19%
	OLED	F	0.08%	0.2%	0.08%
	OLLI	D	0.12%	0.14%	0.12%
	OMF	A	0.2%	0.16%	0.16%
	ONB	C	0.19%	0.17%	0.17%
	ONTO	F	0.21%	0.2%	0.2%
	OPCH	D	0.09%	0.09%	0.09%
	ORA	B	0.11%	0.11%	0.11%
	ORI	A	0.13%	0.24%	0.13%
	OSK	C	0.3%	0.18%	0.18%
	OWL	A	0.06%	0.29%	0.06%
	OZK	B	0.14%	0.13%	0.13%
	PATH	C	0.11%	0.14%	0.11%
	PBF	D	0.06%	0.08%	0.06%
	PCH	F	0.17%	0.08%	0.08%
	PCOR	B	0.17%	0.15%	0.15%
	PCTY	C	0.2%	0.21%	0.2%
	PCVX	D	0.21%	0.24%	0.21%
	PECO	A	0.07%	0.12%	0.07%
	PEGA	B	0.11%	0.09%	0.09%
	PEN	B	0.17%	0.22%	0.17%
	PENN	C	0.05%	0.07%	0.05%
	PFSI	C	0.1%	0.07%	0.07%
	PGNY	F	0.04%	0.03%	0.03%
	PINC	B	0.14%	0.06%	0.06%
	PLNT	A	0.2%	0.21%	0.2%
	PNFP	B	0.3%	0.24%	0.24%
	POST	C	0.09%	0.15%	0.09%
	POWI	F	0.06%	0.09%	0.06%
	PR	B	0.19%	0.24%	0.19%
	PRGO	C	0.07%	0.09%	0.07%
	PRI	B	0.23%	0.26%	0.23%
	PSN	D	0.1%	0.11%	0.1%
	PTEN	C	0.04%	0.08%	0.04%
	PVH	C	0.16%	0.14%	0.14%
	PYCR	B	0.06%	0.03%	0.03%
	R	B	0.29%	0.18%	0.18%
	RARE	F	0.07%	0.09%	0.07%
	RCM	A	0.06%	0.06%	0.06%
	RDN	D	0.09%	0.13%	0.09%
	REXR	F	0.31%	0.22%	0.22%
	RGEN	D	0.16%	0.16%	0.16%
	RGLD	C	0.29%	0.24%	0.24%
	RH	C	0.06%	0.12%	0.06%
	RHI	C	0.21%	0.19%	0.19%
	RHP	B	0.19%	0.16%	0.16%
	RL	C	0.09%	0.21%	0.09%
	RLI	A	0.2%	0.18%	0.18%
	RMBS	B	0.14%	0.14%	0.14%
	RNR	C	0.24%	0.34%	0.24%
	ROIV	C	0.06%	0.12%	0.06%
	RRC	B	0.25%	0.21%	0.21%
	RRX	B	0.15%	0.29%	0.15%
	RUSHA	C	0.05%	0.09%	0.05%
	RUSHB	C	0.06%	0.01%	0.01%
	RVMD	C	0.1%	0.19%	0.1%
	RYAN	A	0.14%	0.18%	0.14%
	RYN	D	0.05%	0.1%	0.05%
	S	B	0.12%	0.18%	0.12%
	SAIA	B	0.28%	0.34%	0.28%
	SCI	B	0.27%	0.31%	0.27%
	SEDG	F	0.02%	0.02%	0.02%
	SEE	C	0.07%	0.13%	0.07%
	SEM	B	0.07%	0.09%	0.07%
	SF	B	0.18%	0.29%	0.18%
	SFM	A	0.43%	0.36%	0.36%
	SHC	F	0.05%	0.04%	0.04%
	SIG	B	0.1%	0.11%	0.1%
	SIGI	C	0.29%	0.15%	0.15%
	SITE	F	0.16%	0.16%	0.16%
	SKY	A	0.05%	0.14%	0.05%
	SLAB	F	0.09%	0.08%	0.08%
	SLM	A	0.16%	0.13%	0.13%
	SM	B	0.06%	0.13%	0.06%
	SMAR	B	0.14%	0.19%	0.14%
	SMPL	B	0.05%	0.09%	0.05%
	SNV	C	0.3%	0.2%	0.2%
	SNX	D	0.08%	0.14%	0.08%
	SOFI	B	0.22%	0.36%	0.22%
	SON	F	0.11%	0.12%	0.11%
	SPR	D	0.05%	0.09%	0.05%
	SPSC	D	0.16%	0.16%	0.16%
	SR	A	0.14%	0.1%	0.1%
	SRPT	F	0.18%	0.24%	0.18%
	SSB	B	0.27%	0.2%	0.2%
	SSD	F	0.1%	0.19%	0.1%
	ST	F	0.08%	0.12%	0.08%
	STWD	C	0.1%	0.15%	0.1%
	SUM	B	0.28%	0.14%	0.14%
	SWX	B	0.13%	0.11%	0.11%
	SXT	C	0.07%	0.08%	0.07%
	TDC	D	0.1%	0.07%	0.07%
	TENB	C	0.1%	0.12%	0.1%
	TEX	F	0.08%	0.09%	0.08%
	THC	D	0.23%	0.37%	0.23%
	THG	A	0.18%	0.15%	0.15%
	THO	B	0.12%	0.14%	0.12%
	TKO	A	0.16%	0.22%	0.16%
	TMHC	C	0.17%	0.17%	0.17%
	TNET	F	0.08%	0.07%	0.07%
	TNL	A	0.16%	0.09%	0.09%
	TOL	B	0.27%	0.39%	0.27%
	TPR	B	0.29%	0.33%	0.29%
	TPX	B	0.14%	0.23%	0.14%
	TREX	C	0.07%	0.18%	0.07%
	TRNO	F	0.1%	0.14%	0.1%
	TTEK	F	0.16%	0.27%	0.16%
	TXG	F	0.03%	0.03%	0.03%
	TXRH	B	0.11%	0.33%	0.11%
	UAA	C	0.05%	0.05%	0.05%
	UBSI	B	0.17%	0.14%	0.14%
	UGI	C	0.24%	0.13%	0.13%
	UMBF	B	0.27%	0.14%	0.14%
	UNM	A	0.25%	0.32%	0.25%
	USFD	A	0.49%	0.38%	0.38%
	VAC	C	0.08%	0.07%	0.07%
	VC	F	0.1%	0.06%	0.06%
	VFC	C	0.18%	0.16%	0.16%
	VKTX	F	0.11%	0.13%	0.11%
	VLY	B	0.15%	0.11%	0.11%
	VMI	B	0.13%	0.17%	0.13%
	VNT	C	0.15%	0.15%	0.15%
	VOYA	B	0.16%	0.2%	0.16%
	VVV	D	0.17%	0.14%	0.14%
	WAL	B	0.22%	0.24%	0.22%
	WBS	A	0.27%	0.26%	0.26%
	WCC	B	0.24%	0.23%	0.23%
	WEN	D	0.09%	0.07%	0.07%
	WEX	D	0.25%	0.19%	0.19%
	WFRD	D	0.15%	0.15%	0.15%
	WH	B	0.15%	0.19%	0.15%
	WHR	B	0.2%	0.15%	0.15%
	WING	D	0.19%	0.24%	0.19%
	WK	B	0.2%	0.12%	0.12%
	WMS	F	0.21%	0.24%	0.21%
	WOLF	F	0.03%	0.02%	0.02%
	WSC	F	0.17%	0.17%	0.17%
	WTFC	A	0.07%	0.21%	0.07%
	WTM	A	0.13%	0.12%	0.12%
	WTS	B	0.21%	0.14%	0.14%
	WU	F	0.07%	0.09%	0.07%
	WWD	C	0.19%	0.24%	0.19%
	X	B	0.14%	0.21%	0.14%
	XPO	B	0.33%	0.42%	0.33%
	XRAY	F	0.05%	0.1%	0.05%
	YETI	D	0.12%	0.08%	0.08%
	ZI	D	0.09%	0.07%	0.07%
	ZION	B	0.2%	0.22%	0.2%
	ZWS	B	0.2%	0.14%	0.14%

ESML Overweight 486 Positions Relative to BBMC

	Symbol	Grade	Weight
	EWBC	A	0.4%
	FTI	A	0.35%
	FLEX	B	0.33%
	RGA	A	0.3%
	CNX	A	0.28%
	MWA	B	0.25%
	PRGS	A	0.24%
	FTAI	A	0.24%
	MOG.A	B	0.24%
	REZI	A	0.23%
	FTDR	B	0.22%
	CVLT	B	0.22%
	CDP	C	0.21%
	INSM	C	0.21%
	ITRI	C	0.2%
	CNO	B	0.2%
	FBP	C	0.2%
	TGNA	B	0.2%
	BHLB	B	0.2%
	LUMN	C	0.19%
	SNDR	B	0.19%
	BANR	B	0.18%
	SPXC	A	0.18%
	GKOS	B	0.18%
	KNTK	A	0.18%
	ENLC	A	0.18%
	LAZ	B	0.17%
	PLXS	B	0.17%
	ASB	B	0.17%
	KTB	B	0.16%
	MYRG	B	0.16%
	EAT	A	0.16%
	ACIW	B	0.16%
	BCC	B	0.16%
	BHE	C	0.16%
	ECG	C	0.15%
	CPF	B	0.15%
	FIBK	B	0.15%
	CRS	B	0.15%
	HNI	B	0.15%
	MOD	A	0.15%
	TPH	D	0.14%
	PRIM	A	0.14%
	IBCP	B	0.14%
	IDCC	B	0.14%
	AVAV	C	0.13%
	HESM	B	0.13%
	EPAC	C	0.13%
	CAVA	B	0.13%
	STRL	A	0.13%
	PDCO	F	0.13%
	LRN	A	0.13%
	KNF	B	0.13%
	KLIC	B	0.13%
	ITGR	B	0.13%
	CPK	A	0.13%
	NPO	A	0.13%
	CABO	B	0.13%
	HIW	C	0.13%
	CVBF	A	0.12%
	DFIN	D	0.12%
	QTWO	A	0.12%
	KOS	D	0.12%
	RKLB	A	0.12%
	WGO	C	0.12%
	WHD	B	0.12%
	CRDO	B	0.12%
	WERN	C	0.12%
	MTX	B	0.12%
	ADT	C	0.12%
	FULT	A	0.12%
	CSGS	B	0.11%
	ABCB	B	0.11%
	AUB	B	0.11%
	XENE	D	0.11%
	WDFC	B	0.11%
	SHOO	F	0.11%
	CRNX	C	0.11%
	APPF	B	0.11%
	ECPG	C	0.11%
	EFSC	B	0.11%
	MRCY	C	0.11%
	KAR	B	0.11%
	RXO	D	0.1%
	HASI	D	0.1%
	ERII	D	0.1%
	PJT	A	0.1%
	AROC	A	0.1%
	SCL	C	0.1%
	HCP	B	0.1%
	TRN	B	0.1%
	FA	C	0.1%
	CAC	C	0.1%
	VECO	F	0.1%
	NXT	C	0.1%
	SLG	B	0.1%
	DY	D	0.1%
	BHVN	D	0.1%
	DNLI	D	0.1%
	DRS	B	0.1%
	APAM	B	0.1%
	RDUS	B	0.1%
	RDNT	B	0.1%
	AMAL	B	0.1%
	LCII	C	0.1%
	ALTM	B	0.1%
	VNO	C	0.09%
	AMED	F	0.09%
	RNA	C	0.09%
	ABM	B	0.09%
	NMIH	C	0.09%
	UPST	B	0.09%
	U	C	0.09%
	KFY	B	0.09%
	CNK	C	0.09%
	SHAK	C	0.09%
	MGRC	B	0.09%
	CURB	D	0.09%
	ESE	B	0.09%
	SJW	F	0.09%
	MARA	B	0.09%
	BRC	D	0.09%
	IMAX	B	0.09%
	POWL	C	0.09%
	EVRI	A	0.08%
	AVPT	A	0.08%
	AMWD	C	0.08%
	SBRA	C	0.08%
	ICUI	D	0.08%
	KTOS	B	0.08%
	KOP	C	0.08%
	ICFI	F	0.08%
	AUR	C	0.08%
	EWTX	C	0.08%
	IESC	C	0.08%
	TILE	B	0.08%
	TBBK	B	0.08%
	SPB	C	0.08%
	IOSP	C	0.08%
	ACLX	C	0.08%
	VSEC	C	0.08%
	INTA	B	0.08%
	ALG	B	0.08%
	SASR	B	0.08%
	PLYA	B	0.08%
	PRVA	C	0.08%
	LBPH	A	0.08%
	INDB	B	0.08%
	CHWY	B	0.08%
	TDS	B	0.08%
	PIPR	A	0.08%
	TARS	C	0.08%
	PRKS	B	0.08%
	BWIN	C	0.08%
	AEO	F	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%
	GVA	A	0.08%
	ZD	B	0.08%
	PLMR	A	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%
	GBX	A	0.07%
	UEC	B	0.07%
	ESRT	C	0.07%
	HAFC	B	0.07%
	VSCO	C	0.07%
	CWK	C	0.07%
	BDN	C	0.07%
	VVX	C	0.07%
	ENR	B	0.07%
	SONO	C	0.07%
	ZYME	C	0.07%
	ROG	D	0.07%
	ALHC	C	0.07%
	HIMS	B	0.07%
	HWKN	B	0.07%
	GH	B	0.07%
	BROS	A	0.07%
	XHR	B	0.07%
	ATRC	C	0.07%
	VCTR	B	0.07%
	HBI	B	0.07%
	CTS	C	0.07%
	WRBY	A	0.07%
	PI	D	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%
	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%
	VRTS	B	0.06%
	SATS	D	0.06%
	W	D	0.06%
	MBUU	B	0.06%
	PTCT	B	0.06%
	PLAY	D	0.06%
	MOV	D	0.06%
	AGIO	C	0.06%
	NRIX	C	0.06%
	LXP	D	0.06%
	VRNT	C	0.06%
	JWN	D	0.06%
	CMCO	C	0.06%
	TGTX	B	0.06%
	CWAN	B	0.06%
	TDOC	C	0.06%
	ATEN	A	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%
	CAKE	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%
	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%
	PPBI	C	0.06%
	ACVA	B	0.06%
	IDYA	F	0.06%
	HURN	C	0.06%
	EYE	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%
	BKU	A	0.06%
	AVDX	B	0.06%
	VNOM	A	0.06%
	FRSH	B	0.06%
	KE	C	0.06%
	FUN	C	0.06%
	KREF	C	0.06%
	VRNS	D	0.06%
	MRUS	F	0.06%
	VRDN	D	0.06%
	VERX	A	0.06%
	PDM	D	0.06%
	PAHC	C	0.06%
	UPBD	B	0.06%
	CALM	A	0.06%
	IBOC	B	0.06%
	WD	D	0.06%
	VVI	C	0.06%
	COMP	B	0.06%
	OII	B	0.06%
	PAYO	A	0.06%
	BANC	B	0.06%
	CBU	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%
	ZEUS	C	0.05%
	ETNB	C	0.05%
	HLX	B	0.05%
	ALRM	C	0.05%
	PLOW	D	0.05%
	DOCN	C	0.05%
	ARKO	C	0.05%
	CECO	B	0.05%
	LEVI	F	0.05%
	ICHR	C	0.05%
	FTRE	D	0.05%
	CPRX	C	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%
	GOGO	C	0.05%
	PSMT	D	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%
	ASAN	B	0.05%
	MLNK	C	0.05%
	AI	B	0.05%
	KSS	F	0.05%
	AMBC	C	0.05%
	PTGX	D	0.05%
	BEAM	D	0.05%
	XPEL	B	0.05%
	PFS	B	0.05%
	PGRE	F	0.05%
	RUN	F	0.05%
	DGII	C	0.05%
	REVG	C	0.05%
	PRAA	D	0.05%
	HAIN	D	0.05%
	INFN	D	0.05%
	MRC	B	0.05%
	MNRO	D	0.05%
	WKC	C	0.05%
	SMP	C	0.05%
	VITL	D	0.05%
	ELVN	D	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%
	SLVM	B	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%
	MHO	D	0.05%
	PRG	C	0.05%
	FFBC	B	0.05%
	TMDX	F	0.05%
	ADUS	D	0.05%
	LIVN	F	0.05%
	AORT	B	0.05%
	SBH	C	0.05%
	ASTE	C	0.05%
	CUBI	B	0.05%
	KVYO	C	0.05%
	UFPT	C	0.05%
	RNG	C	0.05%
	DNOW	B	0.05%
	HLIT	D	0.05%
	TNC	D	0.05%
	ARQT	B	0.05%
	NUVL	C	0.05%
	LEG	F	0.05%
	YELP	C	0.05%
	JBGS	F	0.05%
	MXL	C	0.05%
	NCNO	C	0.05%
	CALX	D	0.05%
	NBHC	C	0.05%
	AGYS	A	0.05%
	ALKT	B	0.05%
	PD	C	0.05%
	CRAI	C	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%
	CAL	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%
	CLDX	F	0.04%
	EGY	D	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%
	COUR	F	0.04%
	SAVA	C	0.04%
	LESL	D	0.04%
	SIBN	F	0.04%
	SNDX	F	0.04%
	MLKN	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%
	PLUG	F	0.04%
	DYN	F	0.04%
	PLRX	D	0.04%
	BBIO	F	0.04%
	DK	C	0.04%
	QDEL	F	0.04%
	ARLO	C	0.04%
	ALEC	F	0.04%
	NVCR	C	0.04%
	MEI	F	0.04%
	IVR	F	0.04%
	BRZE	C	0.04%
	LGF.A	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%
	NVAX	F	0.03%
	ANAB	F	0.03%
	MEG	F	0.03%
	SITC	D	0.03%
	CDNA	D	0.03%
	SVRA	F	0.03%
	PHAT	F	0.03%
	CRMT	D	0.03%
	CCRN	F	0.03%
	MYGN	F	0.03%
	ETWO	F	0.03%
	BRY	F	0.03%
	MQ	D	0.03%
	STAA	F	0.03%
	JELD	F	0.03%
	KELYA	F	0.03%
	AGL	F	0.02%
	MC	C	0.02%
	NOVA	F	0.02%
	VSAT	F	0.02%
	DEI	B	0.02%
	ASPN	F	0.02%
	GDOT	D	0.01%
	MAGN	D	0.01%

ESML Underweight 154 Positions Relative to BBMC

	Symbol	Grade	Weight
	MSTR	B	-1.69%
	APP	B	-1.55%
	EME	A	-0.59%
	DKNG	B	-0.51%
	CSL	C	-0.51%
	HOOD	B	-0.45%
	RPM	A	-0.44%
	RS	B	-0.43%
	MANH	D	-0.42%
	WSM	C	-0.41%
	TOST	B	-0.41%
	TW	A	-0.38%
	GGG	B	-0.38%
	PSTG	D	-0.38%
	ACM	B	-0.37%
	JBL	C	-0.35%
	UTHR	C	-0.34%
	PFGC	B	-0.33%
	NDSN	B	-0.33%
	CHRW	B	-0.32%
	GLPI	C	-0.32%
	OVV	B	-0.3%
	AMH	C	-0.3%
	AIZ	A	-0.29%
	DKS	D	-0.29%
	LAMR	C	-0.28%
	CTLT	C	-0.27%
	PNW	A	-0.26%
	ERIE	D	-0.26%
	MLI	B	-0.25%
	EXEL	B	-0.25%
	MKTX	D	-0.25%
	HSIC	C	-0.24%
	HLI	A	-0.24%
	ALLY	C	-0.24%
	IOT	A	-0.24%
	WTRG	B	-0.24%
	SEIC	B	-0.23%
	RBC	A	-0.23%
	SOLV	D	-0.23%
	FBIN	D	-0.23%
	OGE	A	-0.22%
	AAL	B	-0.22%
	AOS	F	-0.22%
	ROKU	D	-0.22%
	KNX	C	-0.21%
	TTC	C	-0.21%
	PB	B	-0.2%
	NNN	C	-0.2%
	DVA	C	-0.2%
	UFPI	C	-0.2%
	CHRD	D	-0.2%
	MTCH	D	-0.2%
	SKX	D	-0.2%
	KEX	B	-0.19%
	BBWI	C	-0.18%
	DINO	D	-0.18%
	RIVN	F	-0.18%
	MIDD	C	-0.18%
	STAG	D	-0.17%
	CWST	A	-0.17%
	H	B	-0.17%
	ALV	C	-0.17%
	GNTX	C	-0.17%
	G	B	-0.17%
	ESAB	C	-0.17%
	MTDR	B	-0.17%
	BIO	C	-0.16%
	FNB	A	-0.15%
	KRG	B	-0.15%
	HOMB	A	-0.15%
	PARA	C	-0.15%
	IDA	A	-0.15%
	UHAL	D	-0.15%
	SAIC	F	-0.15%
	TKR	D	-0.13%
	QLYS	B	-0.13%
	MGY	A	-0.12%
	IRT	A	-0.12%
	POR	C	-0.12%
	OLN	F	-0.12%
	SANM	B	-0.11%
	PNM	B	-0.11%
	BKH	A	-0.11%
	EEFT	B	-0.11%
	SLGN	A	-0.11%
	WMG	D	-0.11%
	NEU	D	-0.1%
	ENS	F	-0.1%
	PBH	A	-0.1%
	CELH	F	-0.1%
	ASO	F	-0.09%
	APLE	B	-0.09%
	FHI	B	-0.09%
	PII	F	-0.09%
	IAC	F	-0.09%
	MSM	C	-0.09%
	LANC	C	-0.09%
	MSGS	A	-0.09%
	ALE	A	-0.09%
	ESGR	B	-0.09%
	NSA	C	-0.08%
	AMKR	D	-0.08%
	VAL	F	-0.08%
	BTU	B	-0.08%
	BHF	C	-0.08%
	PAG	B	-0.08%
	ALIT	C	-0.08%
	SMG	C	-0.08%
	NWE	B	-0.08%
	HUN	F	-0.08%
	DNB	B	-0.08%
	OTTR	C	-0.08%
	HP	C	-0.08%
	RIG	D	-0.08%
	CNS	B	-0.07%
	BOKF	B	-0.07%
	CACC	D	-0.07%
	NSP	F	-0.07%
	COTY	F	-0.07%
	SYNA	C	-0.07%
	SAM	C	-0.07%
	IPGP	D	-0.06%
	IPAR	B	-0.06%
	ADTN	A	-0.06%
	KWR	C	-0.06%
	ACLS	F	-0.06%
	ALGM	D	-0.06%
	IRTC	C	-0.06%
	DIOD	D	-0.06%
	JJSF	C	-0.06%
	FOLD	F	-0.06%
	FRHC	B	-0.05%
	GOLF	B	-0.05%
	ACAD	C	-0.05%
	PPC	C	-0.05%
	DJT	C	-0.04%
	EVH	F	-0.04%
	LTH	C	-0.04%
	REYN	D	-0.04%
	SGRY	F	-0.04%
	MP	C	-0.04%
	ADNT	F	-0.04%
	DDS	B	-0.04%
	FIZZ	C	-0.03%
	CRK	B	-0.03%
	WOR	F	-0.03%
	UA	C	-0.03%
	SEB	F	-0.02%
	TFSL	A	-0.02%
	NFE	D	-0.02%
	ACT	C	-0.02%
	UHAL	D	-0.01%
	PLTK	B	-0.01%

ESML: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Software - Infrastructure Diversified Industrials Business Services Diagnostics & Research Medical Devices Asset Management Building Materials Engineering & Construction Specialty Chemicals Specialty Retail Information Technology Services Oil & Gas E&P Oil & Gas Equipment & Services REIT - Diversified Auto Parts Electronic Components Aerospace & Defense

Keywords: Medicine Banking Bank Biopharmaceutical Real Estate Investment Trust Computing Chemical Natural Gas Biotechnology Cancer Deposit Products Mining Insurance Construction Telecommunications Aerospace Commercial Banking Electronics Real Estate Loans Transport

BBMC: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Software - Infrastructure Oil & Gas E&P Specialty Chemicals Specialty Retail Asset Management Building Materials Business Services Information Technology Services Packaged Foods Packaging & Containers Semiconductors Capital Markets Engineering & Construction Leisure REIT - Industrial Apparel Manufacturing

Keywords: Banking Natural Gas Mining Bank Insurance Chemical Real Estate Investment Trust Computing S&P 500 Electronics Aerospace Construction Medicine Semiconductor Transport Biopharmaceutical Biotechnology Electricity Plastic Supply Chain Management