ESML vs. FNX ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to First Trust Mid Cap Core AlphaDEX (FNX)

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

$38.15

Average Daily Volume

136,940

Number of Holdings ^*

901

* may have additional holdings in another (foreign) market

FNX

First Trust Mid Cap Core AlphaDEX

FNX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$108.27

Average Daily Volume

23,922

Number of Holdings ^*

435

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FNX
30 Days	-2.33%	-2.26%
60 Days	0.47%	0.41%
90 Days	-4.55%	-4.13%
12 Months	12.54%	18.51%

307 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FNX	Overlap
AAON	C	0.19%	0.29%	0.19%
AAP	F	0.1%	0.06%	0.06%
ABCB	C	0.09%	0.23%	0.09%
ABG	C	0.12%	0.39%	0.12%
ACA	C	0.13%	0.15%	0.13%
AEO	C	0.1%	0.13%	0.1%
AFRM	B	0.15%	0.19%	0.15%
AGCO	F	0.16%	0.33%	0.16%
AGNC	A	0.13%	0.08%	0.08%
AGO	C	0.06%	0.35%	0.06%
AIRC	A	0.06%	0.47%	0.06%
AIT	C	0.1%	0.15%	0.1%
AL	C	0.11%	0.35%	0.11%
ALK	D	0.21%	0.23%	0.21%
ALKS	D	0.1%	0.07%	0.07%
ALSN	C	0.19%	0.36%	0.19%
ALTR	B	0.15%	0.09%	0.09%
AM	A	0.16%	0.16%	0.16%
AMG	C	0.27%	0.36%	0.27%
AN	D	0.09%	0.32%	0.09%
ANF	C	0.2%	0.58%	0.2%
APG	B	0.07%	0.31%	0.07%
APLS	F	0.05%	0.05%	0.05%
APPF	B	0.13%	0.29%	0.13%
AR	B	0.27%	0.26%	0.26%
ARMK	A	0.23%	0.32%	0.23%
ARW	C	0.09%	0.38%	0.09%
ASGN	D	0.18%	0.13%	0.13%
ASH	C	0.05%	0.23%	0.05%
ATI	D	0.16%	0.25%	0.16%
ATKR	F	0.15%	0.22%	0.15%
ATR	C	0.23%	0.16%	0.16%
AVAV	C	0.13%	0.45%	0.13%
AVNT	D	0.07%	0.16%	0.07%
AVT	B	0.3%	0.42%	0.3%
AWI	D	0.2%	0.29%	0.2%
AXS	B	0.18%	0.25%	0.18%
AXSM	B	0.05%	0.07%	0.05%
AXTA	C	0.28%	0.16%	0.16%
AYI	D	0.28%	0.14%	0.14%
AZEK	D	0.14%	0.36%	0.14%
BC	F	0.08%	0.18%	0.08%
BCC	D	0.16%	0.26%	0.16%
BCPC	B	0.13%	0.08%	0.08%
BECN	C	0.14%	0.23%	0.14%
BERY	C	0.18%	0.31%	0.18%
BFAM	C	0.23%	0.28%	0.23%
BJ	A	0.29%	0.09%	0.09%
BL	D	0.07%	0.05%	0.05%
BLD	D	0.32%	0.29%	0.29%
BMI	C	0.29%	0.18%	0.18%
BOX	D	0.13%	0.07%	0.07%
BPMC	B	0.1%	0.26%	0.1%
BPOP	C	0.08%	0.23%	0.08%
BRBR	C	0.08%	0.29%	0.08%
BRKR	F	0.17%	0.22%	0.17%
BWA	F	0.19%	0.3%	0.19%
BWXT	B	0.27%	0.28%	0.27%
BXMT	C	0.09%	0.21%	0.09%
BYD	D	0.05%	0.25%	0.05%
CACI	A	0.21%	0.18%	0.18%
CADE	C	0.13%	0.29%	0.13%
CAR	D	0.06%	0.13%	0.06%
CASY	B	0.56%	0.28%	0.28%
CBSH	C	0.2%	0.08%	0.08%
CBT	D	0.13%	0.17%	0.13%
CCOI	F	0.05%	0.06%	0.05%
CFR	D	0.08%	0.14%	0.08%
CHDN	A	0.15%	0.09%	0.09%
CHE	D	0.13%	0.06%	0.06%
CHH	B	0.07%	0.07%	0.07%
CIEN	D	0.15%	0.15%	0.15%
CLH	A	0.06%	0.26%	0.06%
CMA	C	0.18%	0.2%	0.18%
CMC	C	0.23%	0.34%	0.23%
CNM	D	0.3%	0.35%	0.3%
CNXC	F	0.06%	0.27%	0.06%
COKE	A	0.05%	0.28%	0.05%
COLB	F	0.09%	0.3%	0.09%
COLM	C	0.07%	0.24%	0.07%
COOP	C	0.05%	0.33%	0.05%
CR	B	0.18%	0.08%	0.08%
CROX	B	0.26%	0.26%	0.26%
CRUS	A	0.25%	0.21%	0.21%
CRVL	C	0.08%	0.15%	0.08%
CUZ	D	0.18%	0.23%	0.18%
CVLT	A	0.17%	0.36%	0.17%
CVNA	A	0.24%	0.49%	0.24%
CW	B	0.2%	0.25%	0.2%
CYTK	F	0.14%	0.06%	0.06%
DAR	D	0.19%	0.29%	0.19%
DCI	D	0.27%	0.15%	0.15%
DTM	A	0.22%	0.35%	0.22%
DUOL	B	0.1%	0.15%	0.1%
DV	D	0.11%	0.04%	0.04%
DXC	C	0.12%	0.2%	0.12%
EGP	C	0.23%	0.07%	0.07%
EHC	B	0.27%	0.08%	0.08%
ELF	B	0.25%	0.42%	0.25%
ENSG	B	0.19%	0.3%	0.19%
EPRT	B	0.14%	0.08%	0.08%
ESI	B	0.15%	0.09%	0.09%
ESNT	B	0.09%	0.37%	0.09%
ESTC	C	0.23%	0.09%	0.09%
EVR	B	0.1%	0.08%	0.08%
EWBC	C	0.33%	0.21%	0.21%
EXLS	C	0.18%	0.07%	0.07%
FAF	D	0.15%	0.14%	0.14%
FCN	C	0.23%	0.08%	0.08%
FELE	D	0.22%	0.07%	0.07%
FHN	C	0.2%	0.29%	0.2%
FIX	C	0.34%	0.4%	0.34%
FLO	C	0.11%	0.07%	0.07%
FLS	C	0.14%	0.08%	0.08%
FMC	D	0.18%	0.34%	0.18%
FNB	C	0.06%	0.22%	0.06%
FND	D	0.25%	0.22%	0.22%
FOUR	C	0.05%	0.08%	0.05%
FRPT	B	0.19%	0.44%	0.19%
FSS	D	0.16%	0.31%	0.16%
FUL	C	0.12%	0.15%	0.12%
FYBR	B	0.11%	0.32%	0.11%
GATX	C	0.2%	0.16%	0.16%
GBCI	D	0.21%	0.07%	0.07%
GKOS	B	0.17%	0.19%	0.17%
GL	C	0.11%	0.11%	0.11%
GMED	A	0.1%	0.1%	0.1%
GNRC	D	0.18%	0.09%	0.09%
GPI	C	0.2%	0.41%	0.2%
GPK	C	0.3%	0.22%	0.22%
GPS	C	0.16%	0.15%	0.15%
GT	F	0.05%	0.13%	0.05%
GTLB	F	0.13%	0.11%	0.11%
GWRE	A	0.36%	0.18%	0.18%
GXO	F	0.15%	0.14%	0.14%
HALO	A	0.12%	0.1%	0.1%
HCC	D	0.05%	0.08%	0.05%
HGV	D	0.07%	0.2%	0.07%
HOG	F	0.24%	0.24%	0.24%
HQY	B	0.16%	0.16%	0.16%
HRI	D	0.17%	0.31%	0.17%
HWC	C	0.09%	0.23%	0.09%
HXL	D	0.17%	0.07%	0.07%
IBKR	B	0.25%	0.33%	0.25%
IBP	D	0.1%	0.32%	0.1%
INFA	D	0.06%	0.2%	0.06%
INGR	D	0.37%	0.15%	0.15%
INSM	A	0.15%	0.19%	0.15%
INSP	F	0.09%	0.06%	0.06%
ITCI	B	0.15%	0.17%	0.15%
ITGR	D	0.14%	0.38%	0.14%
ITT	D	0.28%	0.3%	0.28%
IVZ	C	0.24%	0.07%	0.07%
JAZZ	F	0.16%	0.29%	0.16%
JEF	B	0.08%	0.08%	0.08%
JLL	B	0.34%	0.17%	0.17%
JXN	B	0.12%	0.34%	0.12%
KBH	B	0.22%	0.37%	0.22%
KD	B	0.11%	0.27%	0.11%
KNSL	F	0.19%	0.23%	0.19%
KRC	F	0.1%	0.27%	0.1%
KTB	B	0.13%	0.18%	0.13%
LAD	F	0.17%	0.33%	0.17%
LEA	F	0.13%	0.25%	0.13%
LFUS	C	0.19%	0.25%	0.19%
LNW	B	0.24%	0.38%	0.24%
LOPE	D	0.07%	0.08%	0.07%
LPX	C	0.15%	0.16%	0.15%
LSTR	B	0.25%	0.07%	0.07%
LYFT	F	0.1%	0.28%	0.1%
M	C	0.17%	0.21%	0.17%
MAC	D	0.07%	0.2%	0.07%
MAN	D	0.08%	0.07%	0.07%
MARA	C	0.1%	0.21%	0.1%
MAT	F	0.14%	0.07%	0.07%
MDU	A	0.3%	0.31%	0.3%
MEDP	B	0.18%	0.39%	0.18%
MHK	D	0.06%	0.07%	0.06%
MHO	C	0.05%	0.34%	0.05%
MKSI	B	0.19%	0.32%	0.19%
MOD	C	0.14%	0.4%	0.14%
MOG.A	C	0.21%	0.32%	0.21%
MORN	C	0.17%	0.14%	0.14%
MSA	C	0.21%	0.22%	0.21%
MTDR	D	0.05%	0.33%	0.05%
MTG	B	0.25%	0.37%	0.25%
MTH	D	0.17%	0.36%	0.17%
MTZ	B	0.16%	0.09%	0.09%
MUR	D	0.18%	0.33%	0.18%
MUSA	A	0.34%	0.36%	0.34%
NCLH	B	0.18%	0.32%	0.18%
NEOG	C	0.06%	0.08%	0.06%
NFG	C	0.21%	0.39%	0.21%
NJR	C	0.25%	0.23%	0.23%
NOV	C	0.21%	0.36%	0.21%
NSIT	B	0.2%	0.09%	0.09%
NTRA	B	0.22%	0.46%	0.22%
NVST	F	0.06%	0.06%	0.06%
NXST	C	0.1%	0.21%	0.1%
NYCB	F	0.05%	0.07%	0.05%
OGN	B	0.13%	0.17%	0.13%
OGS	D	0.31%	0.29%	0.29%
OLLI	B	0.08%	0.19%	0.08%
OMF	D	0.2%	0.22%	0.2%
ONB	C	0.16%	0.29%	0.16%
ONTO	B	0.31%	0.2%	0.2%
OPCH	D	0.13%	0.06%	0.06%
ORI	C	0.12%	0.23%	0.12%
OSK	D	0.32%	0.26%	0.26%
OZK	D	0.13%	0.27%	0.13%
PBF	D	0.1%	0.29%	0.1%
PCH	F	0.18%	0.07%	0.07%
PCOR	D	0.15%	0.18%	0.15%
PEGA	C	0.08%	0.27%	0.08%
PFSI	B	0.12%	0.08%	0.08%
PGNY	F	0.08%	0.11%	0.08%
PNFP	D	0.22%	0.21%	0.21%
POST	C	0.09%	0.3%	0.09%
PR	C	0.21%	0.14%	0.14%
PRGO	F	0.08%	0.12%	0.08%
PRI	B	0.22%	0.29%	0.22%
PSN	B	0.09%	0.37%	0.09%
PTEN	D	0.06%	0.32%	0.06%
PVH	C	0.21%	0.19%	0.19%
R	B	0.26%	0.31%	0.26%
RARE	F	0.06%	0.06%	0.06%
RCM	B	0.06%	0.08%	0.06%
RDN	B	0.09%	0.36%	0.09%
RGA	B	0.31%	0.17%	0.17%
RHI	D	0.22%	0.13%	0.13%
RHP	D	0.19%	0.13%	0.13%
RL	B	0.08%	0.38%	0.08%
RLI	D	0.19%	0.15%	0.15%
RNR	B	0.25%	0.37%	0.25%
RRC	D	0.29%	0.39%	0.29%
RUSHA	D	0.05%	0.25%	0.05%
RVMD	B	0.07%	0.09%	0.07%
RYAN	B	0.13%	0.15%	0.13%
RYN	C	0.05%	0.14%	0.05%
S	D	0.09%	0.12%	0.09%
SAIA	B	0.29%	0.24%	0.24%
SCI	B	0.27%	0.08%	0.08%
SEE	C	0.08%	0.08%	0.08%
SEM	A	0.06%	0.18%	0.06%
SF	B	0.14%	0.16%	0.14%
SFBS	D	0.05%	0.14%	0.05%
SFM	A	0.32%	0.47%	0.32%
SIG	D	0.11%	0.36%	0.11%
SIGI	F	0.3%	0.13%	0.13%
SITE	F	0.19%	0.06%	0.06%
SKY	D	0.05%	0.13%	0.05%
SLM	C	0.15%	0.15%	0.15%
SM	C	0.05%	0.37%	0.05%
SNV	C	0.24%	0.22%	0.22%
SOFI	F	0.11%	0.07%	0.07%
SON	D	0.14%	0.31%	0.14%
SRPT	B	0.29%	0.07%	0.07%
SSB	D	0.22%	0.2%	0.2%
SSD	D	0.11%	0.13%	0.11%
STWD	D	0.11%	0.07%	0.07%
SUM	D	0.23%	0.13%	0.13%
SWX	C	0.14%	0.23%	0.14%
TENB	D	0.11%	0.06%	0.06%
TEX	D	0.09%	0.32%	0.09%
THC	B	0.18%	0.1%	0.1%
THO	F	0.13%	0.18%	0.13%
TKR	D	0.06%	0.22%	0.06%
TMHC	D	0.15%	0.34%	0.15%
TNET	D	0.1%	0.24%	0.1%
TOL	D	0.23%	0.35%	0.23%
TPH	D	0.14%	0.37%	0.14%
TPR	C	0.24%	0.27%	0.24%
TPX	D	0.16%	0.2%	0.16%
TREX	F	0.12%	0.2%	0.12%
TTEK	B	0.18%	0.26%	0.18%
TXRH	A	0.1%	0.43%	0.1%
UBSI	D	0.14%	0.21%	0.14%
UMBF	C	0.21%	0.15%	0.15%
UNM	C	0.21%	0.29%	0.21%
USFD	A	0.4%	0.15%	0.15%
VAL	C	0.05%	0.37%	0.05%
VLY	F	0.13%	0.26%	0.13%
VMI	B	0.12%	0.09%	0.09%
VNO	B	0.06%	0.14%	0.06%
VNT	D	0.18%	0.27%	0.18%
VOYA	B	0.19%	0.15%	0.15%
VRNS	C	0.05%	0.14%	0.05%
VRRM	B	0.07%	0.17%	0.07%
W	F	0.09%	0.18%	0.09%
WAL	C	0.16%	0.22%	0.16%
WBS	D	0.23%	0.19%	0.19%
WCC	D	0.21%	0.3%	0.21%
WDFC	D	0.1%	0.14%	0.1%
WEX	D	0.27%	0.17%	0.17%
WFRD	C	0.24%	0.39%	0.24%
WHR	F	0.2%	0.17%	0.17%
WING	B	0.26%	0.46%	0.26%
WMS	C	0.3%	0.24%	0.24%
WSC	F	0.22%	0.06%	0.06%
WTFC	C	0.06%	0.21%	0.06%
WTM	B	0.14%	0.4%	0.14%
WTS	D	0.21%	0.07%	0.07%
WU	D	0.09%	0.21%	0.09%
WWD	B	0.23%	0.38%	0.23%
XPO	D	0.27%	0.26%	0.26%
ZION	C	0.16%	0.22%	0.16%
ZWS	D	0.18%	0.21%	0.18%

ESML Overweight 594 Positions Relative to FNX

Symbol	Grade	Weight
JHG	B	0.44%
KBR	C	0.42%
REXR	C	0.39%
FTI	C	0.35%
FLEX	C	0.34%
FRT	D	0.31%
NTNX	C	0.31%
RGLD	C	0.29%
HAS	C	0.28%
UGI	D	0.28%
OHI	A	0.27%
NVT	C	0.24%
MTN	F	0.24%
ELAN	B	0.24%
SWN	D	0.24%
COHR	B	0.23%
LECO	F	0.23%
CUBE	B	0.22%
MWA	B	0.22%
SNDR	C	0.22%
FTDR	C	0.21%
NOVT	C	0.21%
PRGS	F	0.2%
CDP	B	0.2%
VECO	B	0.2%
CHX	C	0.2%
REZI	D	0.2%
CNX	C	0.2%
ACHC	D	0.2%
DLB	F	0.2%
HRB	A	0.2%
NNN	B	0.19%
HHH	D	0.19%
ITRI	C	0.19%
FN	B	0.19%
VVV	B	0.19%
SPSC	B	0.19%
KLIC	C	0.19%
NYT	B	0.19%
AVA	D	0.19%
BDC	B	0.19%
RRX	F	0.19%
PCVX	B	0.19%
AA	C	0.18%
SPXC	B	0.18%
TGNA	D	0.18%
PLNT	B	0.18%
WK	F	0.18%
PDCO	D	0.18%
ENLC	C	0.18%
AEIS	C	0.18%
TKO	B	0.17%
VFC	C	0.17%
MYRG	D	0.17%
RMBS	F	0.17%
BHE	C	0.17%
KOS	D	0.17%
THG	D	0.16%
X	F	0.16%
NXT	C	0.16%
CNO	C	0.16%
GTLS	C	0.16%
HESM	A	0.15%
IOSP	D	0.15%
TNL	B	0.15%
PEN	F	0.15%
ETRN	C	0.15%
YETI	C	0.15%
PLXS	C	0.15%
CABO	F	0.15%
FIVE	F	0.15%
CGNX	B	0.15%
ASB	D	0.15%
MMSI	B	0.14%
GME	C	0.14%
FIBK	C	0.14%
SR	C	0.14%
HNI	C	0.14%
LCII	F	0.14%
KNTK	A	0.14%
MTX	B	0.14%
PINC	F	0.13%
WH	C	0.13%
TDC	D	0.13%
SHOO	B	0.13%
WERN	F	0.13%
DFIN	C	0.13%
HASI	C	0.13%
DBX	D	0.13%
HAE	D	0.13%
NPO	D	0.13%
FULT	C	0.12%
EPAC	B	0.12%
FTAI	A	0.12%
SLAB	F	0.12%
ZI	F	0.12%
BRX	B	0.12%
WGO	F	0.12%
BANR	B	0.12%
SMAR	B	0.12%
SITC	B	0.12%
VKTX	D	0.12%
EVRI	C	0.12%
SCL	D	0.12%
HIW	B	0.12%
BLKB	D	0.12%
CPK	D	0.12%
ACIW	A	0.12%
VC	F	0.12%
KNF	C	0.11%
ECPG	F	0.11%
IDCC	B	0.11%
CRSP	D	0.11%
KAR	C	0.11%
PRIM	B	0.11%
OLED	B	0.11%
ORA	C	0.11%
EAT	B	0.11%
TRNO	C	0.11%
LNTH	B	0.11%
XENE	F	0.11%
ADT	B	0.11%
IRDM	F	0.11%
IBCP	C	0.11%
BHLB	D	0.11%
CIVI	D	0.1%
WEN	F	0.1%
JBT	C	0.1%
CRC	C	0.1%
CVBF	D	0.1%
MRCY	F	0.1%
XPRO	B	0.1%
CPF	B	0.1%
DY	C	0.1%
DNLI	B	0.1%
MODG	C	0.1%
AMED	F	0.1%
SJW	F	0.1%
ADC	B	0.1%
LNC	B	0.1%
LRN	B	0.1%
FA	C	0.1%
ST	D	0.1%
FLR	B	0.1%
AMN	F	0.1%
WHD	B	0.1%
SONO	F	0.09%
AZTA	C	0.09%
FIVN	F	0.09%
IDYA	D	0.09%
LNN	D	0.09%
LXP	B	0.09%
HR	B	0.09%
IART	D	0.09%
RXO	A	0.09%
KFY	B	0.09%
MGRC	D	0.09%
RDUS	F	0.09%
CSGS	F	0.09%
FR	C	0.09%
BILL	F	0.09%
ENOV	F	0.09%
ERII	F	0.09%
EFSC	D	0.09%
AROC	C	0.09%
TMDX	B	0.09%
CRS	B	0.09%
ROG	C	0.09%
HI	D	0.09%
VRNT	C	0.09%
ABM	B	0.09%
STRL	C	0.09%
WOLF	D	0.09%
LEG	F	0.09%
ZD	C	0.09%
KOP	F	0.09%
POWI	D	0.09%
TRN	B	0.09%
APAM	C	0.09%
BRC	B	0.09%
HCP	A	0.09%
AUB	D	0.09%
TNDM	C	0.08%
NARI	C	0.08%
WOOF	C	0.08%
CCS	D	0.08%
CRNX	D	0.08%
FL	B	0.08%
DRS	B	0.08%
PJT	B	0.08%
ARWR	C	0.08%
XHR	D	0.08%
KE	D	0.08%
CAC	D	0.08%
PLYA	D	0.08%
UNIT	F	0.08%
KRYS	B	0.08%
FBP	B	0.08%
ALTM	F	0.08%
CTS	B	0.08%
GH	C	0.08%
EYE	F	0.08%
QTWO	C	0.08%
SXT	C	0.08%
BHVN	D	0.08%
VITL	A	0.08%
ICFI	C	0.08%
AZZ	C	0.08%
CLNE	C	0.08%
IMAX	C	0.08%
CCCS	C	0.08%
AMAL	B	0.08%
HELE	F	0.08%
MTSI	B	0.08%
VAC	F	0.08%
PRKS	C	0.08%
XRAY	F	0.08%
HIMS	C	0.08%
STC	D	0.08%
SPB	C	0.08%
ALG	F	0.08%
MOV	D	0.08%
TROX	C	0.08%
SLG	B	0.08%
RDNT	C	0.08%
HZO	C	0.07%
PIPR	A	0.07%
WD	C	0.07%
FTRE	F	0.07%
OII	C	0.07%
TALO	D	0.07%
MODN	B	0.07%
BOOT	B	0.07%
LCID	F	0.07%
PRCT	C	0.07%
CPRI	F	0.07%
ESRT	D	0.07%
LITE	B	0.07%
GO	D	0.07%
GERN	C	0.07%
TWST	C	0.07%
CERE	D	0.07%
PI	C	0.07%
MIR	C	0.07%
RUN	C	0.07%
MTRN	D	0.07%
TNC	D	0.07%
PD	C	0.07%
AMWD	F	0.07%
ENR	C	0.07%
RNST	C	0.07%
KSS	C	0.07%
VREX	F	0.07%
CLVT	D	0.07%
NWL	F	0.07%
AIR	C	0.07%
PK	D	0.07%
ANDE	D	0.07%
NRIX	B	0.07%
CLSK	C	0.07%
PDFS	B	0.07%
SBRA	A	0.07%
FROG	C	0.07%
NEP	D	0.07%
BOH	D	0.07%
CAVA	B	0.07%
KTOS	C	0.07%
NTLA	C	0.07%
SHAK	D	0.07%
PLMR	D	0.07%
MRUS	B	0.07%
NWN	F	0.07%
COLD	C	0.07%
PRVA	F	0.07%
LBRDA	D	0.07%
ENV	C	0.07%
CWEN	C	0.07%
CALX	C	0.07%
IRON	C	0.07%
CRDO	A	0.07%
RNA	B	0.07%
DEA	B	0.07%
LEVI	B	0.07%
CC	F	0.07%
SG	C	0.06%
PDM	B	0.06%
POWL	C	0.06%
WT	B	0.06%
SPT	F	0.06%
SNDX	D	0.06%
CRI	F	0.06%
VRTS	C	0.06%
SKT	D	0.06%
IVR	B	0.06%
BWIN	B	0.06%
MNKD	B	0.06%
WNC	D	0.06%
VERX	B	0.06%
DYN	B	0.06%
WKC	B	0.06%
MXL	C	0.06%
SMPL	B	0.06%
PETQ	B	0.06%
BE	C	0.06%
HWKN	A	0.06%
EPR	C	0.06%
SHC	C	0.06%
SGH	C	0.06%
ARKO	C	0.06%
TDS	C	0.06%
CAKE	A	0.06%
AVPT	A	0.06%
ACEL	D	0.06%
FOXF	C	0.06%
EPC	B	0.06%
ICUI	C	0.06%
IBOC	C	0.06%
HIBB	A	0.06%
ADUS	A	0.06%
NUVL	B	0.06%
RKT	C	0.06%
CNK	A	0.06%
AAT	B	0.06%
RCKT	C	0.06%
RKLB	B	0.06%
SQSP	A	0.06%
MDGL	B	0.06%
CBZ	D	0.06%
RAMP	D	0.06%
MLNK	B	0.06%
NTGR	B	0.06%
TBBK	C	0.06%
JWN	C	0.06%
YELP	F	0.06%
HLIT	B	0.06%
CLDX	C	0.06%
ESE	D	0.06%
GTES	D	0.06%
ACVA	C	0.06%
CMCO	D	0.06%
SASR	B	0.06%
EXPO	B	0.06%
MGNI	C	0.06%
AGL	D	0.06%
INDB	F	0.06%
TMCI	F	0.06%
THRM	F	0.06%
OUT	C	0.06%
KREF	D	0.06%
ROIV	C	0.06%
PLUS	D	0.06%
PRTA	F	0.06%
VSEC	A	0.06%
AVDX	C	0.06%
CWK	C	0.06%
BANC	D	0.06%
RXST	D	0.06%
JBGS	C	0.06%
ZEUS	F	0.06%
PECO	C	0.06%
UNFI	C	0.06%
GVA	B	0.06%
MPW	C	0.06%
ROCK	D	0.06%
NABL	A	0.06%
SPR	C	0.06%
VVX	C	0.06%
XRX	F	0.06%
CLB	B	0.06%
VSCO	F	0.05%
OMCL	F	0.05%
SIBN	F	0.05%
JAMF	F	0.05%
BRY	D	0.05%
ASAN	D	0.05%
ARVN	F	0.05%
FFBC	C	0.05%
QS	F	0.05%
OEC	D	0.05%
DOCN	F	0.05%
MNRO	F	0.05%
CMP	F	0.05%
LESL	F	0.05%
MTUS	D	0.05%
OFIX	D	0.05%
LGF.A	D	0.05%
DK	D	0.05%
UPST	F	0.05%
MYE	F	0.05%
ARQT	C	0.05%
ASTE	F	0.05%
SEDG	F	0.05%
JANX	D	0.05%
NUVB	C	0.05%
CWT	D	0.05%
RNG	F	0.05%
VERA	D	0.05%
SAVA	F	0.05%
UPWK	D	0.05%
RIOT	D	0.05%
IMVT	D	0.05%
SVRA	F	0.05%
CNMD	F	0.05%
AXL	D	0.05%
FRSH	F	0.05%
MRC	D	0.05%
HAYW	D	0.05%
KYMR	D	0.05%
KVYO	C	0.05%
MTTR	D	0.05%
UEC	F	0.05%
VBTX	C	0.05%
ZUO	D	0.05%
ETWO	D	0.05%
EMBC	C	0.05%
PRAA	F	0.05%
BRZE	F	0.05%
ARCT	F	0.05%
HLX	C	0.05%
SMP	F	0.05%
RH	F	0.05%
DAWN	D	0.05%
NEO	F	0.05%
VYX	F	0.05%
ATEN	D	0.05%
BEAM	C	0.05%
BKD	D	0.05%
DAN	F	0.05%
WRBY	C	0.05%
RUSHB	F	0.05%
HPP	F	0.05%
RBBN	C	0.05%
LIVN	C	0.05%
ATEC	F	0.05%
DIN	F	0.05%
RXRX	C	0.05%
QLYS	D	0.05%
MEG	B	0.05%
MLKN	D	0.05%
NBHC	A	0.05%
SLVM	B	0.05%
CPRX	D	0.05%
AUR	D	0.05%
ELVN	C	0.05%
CBU	C	0.05%
EWTX	C	0.05%
AWR	D	0.05%
ASPN	C	0.05%
SATS	C	0.05%
BBIO	F	0.05%
NVAX	C	0.05%
MEI	F	0.05%
CRMT	D	0.05%
PRLB	F	0.05%
PSMT	C	0.05%
GOGO	F	0.05%
VNOM	C	0.05%
BGC	C	0.05%
KURA	C	0.05%
ETNB	F	0.05%
ZYME	F	0.05%
STAA	C	0.05%
CUBI	C	0.05%
SBH	F	0.05%
RCUS	D	0.05%
PNTG	B	0.05%
NBTB	B	0.05%
HAIN	D	0.05%
PLOW	F	0.05%
PAR	B	0.05%
VSTS	D	0.05%
B	C	0.05%
CAL	D	0.05%
FLGT	D	0.05%
MORF	C	0.05%
VVI	D	0.05%
PAHC	B	0.05%
CLW	B	0.05%
REVG	C	0.05%
FLYW	F	0.05%
VCTR	C	0.05%
TILE	D	0.05%
CCRN	F	0.05%
PGRE	D	0.05%
AMC	D	0.05%
CDE	C	0.05%
AGYS	B	0.05%
VRDN	D	0.05%
SWTX	F	0.05%
EE	B	0.05%
DOCS	C	0.05%
MMI	F	0.05%
MLTX	F	0.05%
ALHC	C	0.05%
DNOW	C	0.05%
CALM	B	0.05%
ARCB	F	0.05%
LBTYK	C	0.05%
AIN	D	0.05%
GEF	F	0.05%
BDN	D	0.05%
PRG	B	0.05%
INFN	C	0.05%
FORM	B	0.05%
AHH	C	0.05%
KMPR	D	0.05%
PLAY	F	0.05%
HBI	C	0.05%
CECO	B	0.05%
EDR	A	0.05%
GBX	D	0.05%
UFPT	B	0.05%
MQ	D	0.05%
ICHR	D	0.05%
AORT	B	0.05%
ATGE	B	0.05%
EVBG	C	0.05%
MYGN	B	0.05%
TDOC	F	0.05%
EGY	B	0.05%
KELYA	C	0.05%
DLX	B	0.05%
ARRY	F	0.05%
CATC	C	0.05%
PRO	D	0.05%
EWCZ	F	0.05%
LBPH	B	0.05%
TGI	B	0.05%
PYCR	D	0.05%
UAA	C	0.05%
CWEN	C	0.05%
KROS	F	0.05%
ATRC	F	0.05%
CRAI	B	0.05%
DCO	B	0.05%
INTA	C	0.05%
MBUU	D	0.05%
GEF	F	0.05%
PHAT	C	0.05%
THS	C	0.05%
OMI	F	0.05%
PTGX	C	0.05%
PTCT	C	0.05%
FFIN	D	0.05%
XPEL	F	0.05%
DRQ	D	0.05%
MASI	B	0.05%
AI	C	0.05%
ACLX	C	0.05%
CXM	D	0.04%
PFS	F	0.04%
AMBC	F	0.04%
SMTC	D	0.04%
SYM	F	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	D	0.04%
ARDX	F	0.04%
HAFC	C	0.04%
CYRX	F	0.04%
TXG	F	0.04%
KLG	F	0.04%
IESC	C	0.04%
MTW	F	0.04%
CERT	F	0.04%
HL	D	0.04%
XNCR	F	0.04%
COMP	D	0.04%
RIG	F	0.04%
NVCR	C	0.04%
FSLY	F	0.04%
ALEC	F	0.04%
LUMN	F	0.04%
BKU	C	0.04%
QDEL	F	0.04%
JELD	F	0.04%
XPER	D	0.04%
ALV	D	0.04%
CSTL	D	0.04%
DGII	F	0.04%
BASE	D	0.03%
HOUS	F	0.03%
GPRE	D	0.03%
SANA	F	0.03%
PBI	C	0.03%
GDOT	C	0.01%
MC	D	0.01%

ESML Underweight 128 Positions Relative to FNX

Symbol	Grade	Weight
UTHR	A	-0.52%
APP	B	-0.45%
WIRE	B	-0.43%
EME	B	-0.43%
MATX	A	-0.42%
HOOD	B	-0.42%
TDW	D	-0.41%
MLI	C	-0.4%
DVA	B	-0.4%
AMKR	B	-0.39%
ESGR	B	-0.39%
TOST	C	-0.38%
LBRT	D	-0.38%
NOG	C	-0.37%
G	D	-0.37%
H	B	-0.37%
CHK	D	-0.37%
BTU	D	-0.36%
SEB	F	-0.36%
CHRD	C	-0.36%
ENS	C	-0.35%
ESAB	D	-0.34%
DINO	D	-0.34%
SANM	B	-0.34%
BCO	A	-0.34%
OVV	D	-0.34%
UHS	B	-0.33%
MOS	D	-0.33%
EXP	D	-0.33%
ALE	B	-0.33%
ADTN	F	-0.33%
APA	D	-0.32%
OGE	C	-0.32%
URBN	B	-0.32%
ALLY	B	-0.31%
EMN	C	-0.31%
EVRG	D	-0.31%
HP	D	-0.31%
PNW	C	-0.31%
WSM	C	-0.31%
POR	C	-0.31%
MGY	C	-0.3%
CELH	F	-0.3%
BKH	C	-0.3%
GMS	D	-0.29%
KEX	B	-0.29%
UFPI	D	-0.29%
OWL	C	-0.29%
CVI	F	-0.29%
IP	A	-0.28%
SKX	B	-0.28%
DDS	C	-0.28%
PAG	D	-0.28%
IPGP	F	-0.28%
IAC	F	-0.27%
LBRDK	D	-0.27%
SNX	C	-0.27%
ASO	F	-0.25%
NI	B	-0.24%
CACC	D	-0.24%
PII	F	-0.24%
IOT	D	-0.24%
EEFT	D	-0.23%
BOKF	C	-0.23%
GOLF	B	-0.23%
IDA	D	-0.23%
LNT	C	-0.23%
TAP	F	-0.23%
WTRG	C	-0.23%
HOMB	C	-0.22%
SAIC	D	-0.21%
DNB	F	-0.21%
PB	D	-0.21%
AMR	F	-0.21%
SLGN	D	-0.21%
PFGC	C	-0.21%
SEIC	C	-0.21%
OLN	D	-0.2%
HII	C	-0.2%
KNX	C	-0.2%
KAI	B	-0.2%
CZR	C	-0.2%
MSTR	B	-0.2%
NEU	D	-0.19%
AAL	F	-0.17%
REYN	B	-0.16%
CWST	B	-0.16%
TW	D	-0.16%
DKS	B	-0.16%
MMS	B	-0.16%
AOS	D	-0.15%
GNTX	D	-0.15%
BXP	B	-0.15%
LAMR	B	-0.15%
CCK	D	-0.15%
CLF	F	-0.15%
WYNN	D	-0.14%
HUN	D	-0.14%
TFX	D	-0.14%
AIZ	D	-0.14%
HSIC	D	-0.14%
LANC	D	-0.14%
CFLT	F	-0.14%
AFG	D	-0.14%
BBWI	D	-0.13%
NCNO	B	-0.13%
ALLE	D	-0.13%
CRL	F	-0.12%
MIDD	D	-0.12%
EVH	F	-0.1%
CHRW	B	-0.09%
PENN	C	-0.08%
OTTR	D	-0.08%
HLNE	C	-0.08%
HLI	C	-0.08%
EQH	A	-0.08%
TTC	C	-0.08%
IRTC	C	-0.07%
NSP	F	-0.07%
DOCU	D	-0.07%
CACC	D	-0.07%
FFIV	D	-0.07%
EXEL	B	-0.07%
IPAR	C	-0.06%
COTY	D	-0.06%
KMX	C	-0.06%
KWR	D	-0.06%
PATH	D	-0.04%