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

$43.86

Average Daily Volume

101,812

Number of Holdings ^*

904

* 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

$121.40

Average Daily Volume

19,026

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FNX
30 Days	3.59%	2.77%
60 Days	8.04%	7.43%
90 Days	12.60%	8.20%
12 Months	30.25%	31.60%

306 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FNX	Overlap
AAON	B	0.22%	0.36%	0.22%
AAP	C	0.05%	0.27%	0.05%
ABCB	B	0.1%	0.23%	0.1%
ABG	B	0.12%	0.31%	0.12%
ACA	B	0.14%	0.16%	0.14%
ACIW	B	0.15%	0.4%	0.15%
ADC	A	0.11%	0.21%	0.11%
AEO	F	0.09%	0.23%	0.09%
AFRM	B	0.2%	0.4%	0.2%
AGCO	F	0.13%	0.2%	0.13%
AGNC	C	0.12%	0.06%	0.06%
AGO	B	0.05%	0.39%	0.05%
AIT	A	0.12%	0.25%	0.12%
AL	B	0.1%	0.36%	0.1%
ALK	A	0.22%	0.24%	0.22%
ALKS	C	0.1%	0.22%	0.1%
ALSN	B	0.25%	0.35%	0.25%
AMG	B	0.18%	0.36%	0.18%
AN	C	0.07%	0.26%	0.07%
ANF	C	0.15%	0.22%	0.15%
AR	B	0.2%	0.14%	0.14%
ARMK	B	0.24%	0.07%	0.07%
ARW	F	0.09%	0.25%	0.09%
ASGN	D	0.15%	0.22%	0.15%
ASH	F	0.05%	0.26%	0.05%
ATI	F	0.14%	0.31%	0.14%
ATKR	C	0.09%	0.39%	0.09%
ATR	A	0.25%	0.15%	0.15%
AUB	A	0.1%	0.16%	0.1%
AUR	D	0.08%	0.2%	0.08%
AVAV	C	0.14%	0.32%	0.14%
AVNT	B	0.07%	0.14%	0.07%
AVT	C	0.28%	0.29%	0.28%
AWI	B	0.23%	0.25%	0.23%
AXS	A	0.18%	0.22%	0.18%
AXSM	B	0.05%	0.14%	0.05%
AXTA	A	0.26%	0.15%	0.15%
AYI	A	0.33%	0.17%	0.17%
AZEK	B	0.13%	0.14%	0.13%
BC	D	0.08%	0.21%	0.08%
BCC	B	0.16%	0.35%	0.16%
BCPC	B	0.14%	0.07%	0.07%
BDC	C	0.2%	0.23%	0.2%
BECN	B	0.13%	0.25%	0.13%
BERY	D	0.17%	0.21%	0.17%
BFAM	F	0.23%	0.29%	0.23%
BJ	B	0.27%	0.08%	0.08%
BLKB	C	0.12%	0.14%	0.12%
BMI	B	0.29%	0.29%	0.29%
BOOT	C	0.06%	0.28%	0.06%
BOX	A	0.13%	0.22%	0.13%
BPMC	C	0.08%	0.08%	0.08%
BPOP	C	0.07%	0.13%	0.07%
BRBR	A	0.09%	0.16%	0.09%
BRX	A	0.16%	0.14%	0.14%
BWA	B	0.18%	0.33%	0.18%
BWXT	B	0.28%	0.24%	0.24%
BYD	A	0.06%	0.32%	0.06%
CACI	C	0.25%	0.39%	0.25%
CADE	B	0.13%	0.33%	0.13%
CBSH	A	0.21%	0.08%	0.08%
CBT	C	0.13%	0.29%	0.13%
CFR	B	0.09%	0.17%	0.09%
CHDN	B	0.14%	0.08%	0.08%
CIVI	D	0.06%	0.37%	0.06%
CLF	F	0.07%	0.28%	0.07%
CLH	B	0.06%	0.23%	0.06%
CLSK	C	0.04%	0.1%	0.04%
CMA	A	0.19%	0.16%	0.16%
CMC	B	0.21%	0.4%	0.21%
CNO	B	0.19%	0.31%	0.19%
CNX	B	0.27%	0.41%	0.27%
CNXC	F	0.03%	0.28%	0.03%
COHR	C	0.27%	0.35%	0.27%
COKE	C	0.06%	0.33%	0.06%
COLB	A	0.12%	0.25%	0.12%
COLM	B	0.07%	0.21%	0.07%
COOP	B	0.05%	0.38%	0.05%
CRC	B	0.1%	0.23%	0.1%
CRDO	C	0.13%	0.22%	0.13%
CROX	F	0.16%	0.1%	0.1%
CRS	B	0.15%	0.39%	0.15%
CRUS	F	0.15%	0.12%	0.12%
CRVL	B	0.09%	0.31%	0.09%
CUBE	D	0.21%	0.13%	0.13%
CUZ	B	0.22%	0.23%	0.22%
CVLT	B	0.21%	0.39%	0.21%
CW	C	0.24%	0.33%	0.24%
CZR	F	0.15%	0.07%	0.07%
DAR	B	0.19%	0.31%	0.19%
DBX	B	0.16%	0.07%	0.07%
DCI	A	0.25%	0.07%	0.07%
DTM	A	0.27%	0.17%	0.17%
DUOL	A	0.18%	0.41%	0.18%
DXC	B	0.11%	0.29%	0.11%
DY	C	0.1%	0.34%	0.1%
EGP	D	0.21%	0.07%	0.07%
EHC	B	0.3%	0.3%	0.3%
ELAN	C	0.15%	0.07%	0.07%
ENSG	C	0.22%	0.36%	0.22%
EPRT	C	0.18%	0.27%	0.18%
ESI	B	0.14%	0.07%	0.07%
ESNT	D	0.07%	0.3%	0.07%
EWBC	B	0.39%	0.35%	0.35%
EXLS	B	0.23%	0.34%	0.23%
EXP	B	0.06%	0.3%	0.06%
EXPO	D	0.06%	0.13%	0.06%
FAF	C	0.16%	0.14%	0.14%
FCN	F	0.2%	0.06%	0.06%
FELE	B	0.21%	0.14%	0.14%
FFIN	B	0.06%	0.23%	0.06%
FHN	A	0.21%	0.27%	0.21%
FIVE	F	0.11%	0.21%	0.11%
FIX	B	0.37%	0.41%	0.37%
FLO	F	0.05%	0.07%	0.05%
FLR	C	0.11%	0.07%	0.07%
FLS	B	0.16%	0.24%	0.16%
FMC	F	0.17%	0.32%	0.17%
FND	F	0.22%	0.06%	0.06%
FOUR	B	0.06%	0.4%	0.06%
FR	D	0.09%	0.07%	0.07%
FRPT	B	0.2%	0.32%	0.2%
FSS	C	0.14%	0.2%	0.14%
FUL	F	0.1%	0.14%	0.1%
GAP	B	0.12%	0.07%	0.07%
GATX	B	0.17%	0.08%	0.08%
GKOS	B	0.17%	0.15%	0.15%
GL	B	0.12%	0.22%	0.12%
GME	C	0.19%	0.08%	0.08%
GMED	B	0.1%	0.32%	0.1%
GPI	B	0.18%	0.37%	0.18%
GPK	D	0.27%	0.14%	0.14%
GWRE	A	0.43%	0.3%	0.3%
GXO	B	0.16%	0.16%	0.16%
HALO	C	0.13%	0.22%	0.13%
HASI	F	0.13%	0.23%	0.13%
HCC	C	0.05%	0.41%	0.05%
HGV	B	0.06%	0.16%	0.06%
HIMS	C	0.07%	0.36%	0.07%
HOG	D	0.2%	0.3%	0.2%
HRB	D	0.2%	0.2%	0.2%
HRI	C	0.25%	0.31%	0.25%
HWC	B	0.08%	0.24%	0.08%
IBKR	A	0.29%	0.34%	0.29%
IBOC	B	0.06%	0.17%	0.06%
IBP	F	0.11%	0.18%	0.11%
INGR	B	0.45%	0.31%	0.31%
INSM	C	0.21%	0.21%	0.21%
INSP	F	0.1%	0.13%	0.1%
ITCI	B	0.16%	0.17%	0.16%
ITGR	B	0.13%	0.29%	0.13%
ITRI	B	0.2%	0.32%	0.2%
ITT	A	0.28%	0.22%	0.22%
JAZZ	B	0.15%	0.31%	0.15%
JEF	B	0.1%	0.16%	0.1%
JLL	C	0.38%	0.07%	0.07%
JWN	B	0.06%	0.21%	0.06%
JXN	C	0.15%	0.33%	0.15%
KBH	D	0.22%	0.34%	0.22%
KD	A	0.09%	0.08%	0.08%
KFY	B	0.09%	0.15%	0.09%
KNF	C	0.13%	0.4%	0.13%
KNSL	C	0.18%	0.07%	0.07%
KRC	C	0.11%	0.3%	0.11%
KTB	A	0.15%	0.39%	0.15%
LAD	B	0.21%	0.41%	0.21%
LBRDK	C	0.07%	0.35%	0.07%
LEA	F	0.11%	0.31%	0.11%
LFUS	D	0.14%	0.07%	0.07%
LNC	B	0.09%	0.31%	0.09%
LNTH	F	0.15%	0.28%	0.15%
LOPE	B	0.05%	0.09%	0.05%
LPX	A	0.17%	0.22%	0.17%
LSTR	B	0.21%	0.07%	0.07%
LYFT	B	0.09%	0.1%	0.09%
M	C	0.13%	0.28%	0.13%
MARA	B	0.07%	0.08%	0.07%
MAT	C	0.14%	0.14%	0.14%
MDU	D	0.17%	0.34%	0.17%
MHO	D	0.06%	0.34%	0.06%
MMS	F	0.05%	0.21%	0.05%
MMSI	B	0.15%	0.22%	0.15%
MOD	D	0.15%	0.34%	0.15%
MOG.A	B	0.23%	0.39%	0.23%
MORN	B	0.18%	0.08%	0.08%
MTG	C	0.23%	0.33%	0.23%
MTH	D	0.18%	0.33%	0.18%
MUR	D	0.13%	0.35%	0.13%
MUSA	B	0.33%	0.07%	0.07%
NCLH	B	0.24%	0.28%	0.24%
NFG	D	0.21%	0.27%	0.21%
NJR	A	0.21%	0.14%	0.14%
NOV	C	0.15%	0.36%	0.15%
NSIT	F	0.14%	0.06%	0.06%
NTNX	B	0.34%	0.08%	0.08%
NTRA	B	0.26%	0.37%	0.26%
NXST	C	0.1%	0.28%	0.1%
NYT	C	0.18%	0.14%	0.14%
OGN	F	0.09%	0.12%	0.09%
OGS	B	0.31%	0.28%	0.28%
OHI	C	0.2%	0.14%	0.14%
OLLI	C	0.12%	0.14%	0.12%
OMF	A	0.19%	0.25%	0.19%
ONB	B	0.17%	0.16%	0.16%
OPCH	F	0.09%	0.05%	0.05%
ORA	B	0.11%	0.08%	0.08%
ORI	A	0.13%	0.22%	0.13%
OSK	B	0.29%	0.39%	0.29%
OWL	B	0.06%	0.08%	0.06%
OZK	B	0.13%	0.3%	0.13%
PBF	F	0.05%	0.35%	0.05%
PCTY	B	0.2%	0.09%	0.09%
PEGA	B	0.1%	0.33%	0.1%
PFSI	D	0.11%	0.06%	0.06%
PI	D	0.08%	0.26%	0.08%
PIPR	B	0.07%	0.33%	0.07%
PLNT	A	0.17%	0.25%	0.17%
PNFP	B	0.27%	0.17%	0.17%
POST	D	0.09%	0.2%	0.09%
PRGO	C	0.07%	0.14%	0.07%
PRI	B	0.22%	0.16%	0.16%
PSN	C	0.12%	0.38%	0.12%
PTEN	C	0.04%	0.38%	0.04%
PVH	C	0.16%	0.36%	0.16%
QTWO	B	0.11%	0.45%	0.11%
R	B	0.28%	0.31%	0.28%
RARE	F	0.07%	0.13%	0.07%
RDN	C	0.09%	0.34%	0.09%
RDNT	B	0.09%	0.29%	0.09%
RGLD	C	0.32%	0.07%	0.07%
RHI	B	0.2%	0.16%	0.16%
RHP	B	0.19%	0.07%	0.07%
RL	B	0.09%	0.24%	0.09%
RLI	A	0.19%	0.08%	0.08%
RNA	B	0.08%	0.14%	0.08%
RNR	D	0.26%	0.34%	0.26%
ROIV	D	0.06%	0.07%	0.06%
RRC	B	0.24%	0.3%	0.24%
RRX	B	0.15%	0.07%	0.07%
RUN	F	0.08%	0.16%	0.08%
RUSHA	B	0.05%	0.33%	0.05%
RVMD	C	0.1%	0.09%	0.09%
RYAN	B	0.14%	0.23%	0.14%
RYN	F	0.05%	0.13%	0.05%
S	B	0.12%	0.16%	0.12%
SBRA	C	0.08%	0.22%	0.08%
SCI	B	0.27%	0.15%	0.15%
SEE	C	0.07%	0.07%	0.07%
SEM	C	0.07%	0.16%	0.07%
SF	A	0.16%	0.09%	0.09%
SFBS	B	0.06%	0.42%	0.06%
SFM	B	0.43%	0.46%	0.43%
SIG	B	0.1%	0.33%	0.1%
SIGI	B	0.27%	0.08%	0.08%
SKY	B	0.05%	0.07%	0.05%
SLG	C	0.11%	0.24%	0.11%
SLM	A	0.15%	0.21%	0.15%
SM	C	0.06%	0.38%	0.06%
SNV	B	0.28%	0.09%	0.09%
SNX	C	0.08%	0.29%	0.08%
SOFI	B	0.18%	0.35%	0.18%
SON	F	0.12%	0.26%	0.12%
SR	C	0.14%	0.27%	0.14%
SSB	B	0.26%	0.16%	0.16%
SSD	F	0.1%	0.07%	0.07%
STWD	C	0.1%	0.07%	0.07%
SUM	B	0.28%	0.27%	0.27%
SWX	B	0.13%	0.21%	0.13%
TEX	D	0.08%	0.37%	0.08%
THG	A	0.17%	0.08%	0.08%
THO	B	0.13%	0.21%	0.13%
TKO	D	0.17%	0.27%	0.17%
TMDX	F	0.05%	0.15%	0.05%
TMHC	B	0.18%	0.37%	0.18%
TNET	C	0.07%	0.07%	0.07%
TPH	C	0.14%	0.33%	0.14%
TPR	A	0.25%	0.16%	0.16%
TTEK	F	0.2%	0.35%	0.2%
TXRH	A	0.1%	0.24%	0.1%
U	F	0.1%	0.06%	0.06%
UBSI	B	0.16%	0.16%	0.16%
UCB	B	0.04%	0.15%	0.04%
UGI	D	0.25%	0.33%	0.25%
UMBF	B	0.25%	0.16%	0.16%
UNM	A	0.23%	0.33%	0.23%
USFD	B	0.48%	0.08%	0.08%
VLY	B	0.14%	0.23%	0.14%
VMI	B	0.13%	0.08%	0.08%
VNO	C	0.09%	0.08%	0.08%
VNT	C	0.15%	0.25%	0.15%
VOYA	B	0.16%	0.14%	0.14%
VRNS	C	0.06%	0.19%	0.06%
VRRM	D	0.06%	0.06%	0.06%
WAL	B	0.21%	0.15%	0.15%
WBS	A	0.24%	0.26%	0.24%
WCC	B	0.22%	0.34%	0.22%
WD	D	0.07%	0.14%	0.07%
WHD	B	0.12%	0.24%	0.12%
WHR	B	0.19%	0.29%	0.19%
WING	D	0.18%	0.11%	0.11%
WTFC	B	0.07%	0.25%	0.07%
WTM	A	0.13%	0.08%	0.08%
WTS	B	0.2%	0.14%	0.14%
WU	F	0.07%	0.19%	0.07%
WWD	B	0.19%	0.15%	0.15%
ZION	B	0.18%	0.26%	0.18%

ESML Overweight 598 Positions Relative to FNX

Symbol	Grade	Weight
CASY	B	0.52%
JHG	A	0.49%
CVNA	B	0.48%
KBR	D	0.41%
FTI	B	0.34%
FLEX	B	0.33%
REXR	F	0.33%
FRT	B	0.32%
XPO	B	0.32%
RGA	A	0.29%
BLD	F	0.28%
GBCI	B	0.28%
SAIA	B	0.27%
TOL	B	0.27%
WMS	F	0.26%
THC	B	0.25%
IVZ	B	0.25%
PCVX	D	0.25%
MWA	B	0.24%
CNM	D	0.24%
WEX	D	0.24%
ONTO	F	0.23%
CDP	C	0.23%
PRGS	A	0.23%
FTAI	B	0.22%
GNRC	B	0.22%
FTDR	B	0.22%
AA	C	0.21%
HAS	D	0.21%
SRPT	F	0.21%
ZWS	B	0.21%
HHH	B	0.21%
MTN	C	0.2%
LECO	C	0.2%
VFC	C	0.2%
LNW	F	0.2%
WK	B	0.19%
SNDR	B	0.19%
BHLB	B	0.19%
REZI	A	0.19%
NVT	C	0.19%
ENLC	A	0.19%
FBP	B	0.19%
AVA	C	0.19%
WSC	F	0.19%
NOVT	C	0.19%
CR	B	0.19%
PR	C	0.18%
PCH	F	0.18%
MTZ	B	0.18%
CIEN	B	0.18%
TGNA	B	0.18%
RGEN	C	0.17%
VVV	B	0.17%
AEIS	B	0.17%
LUMN	C	0.17%
MSA	D	0.17%
SITE	D	0.17%
PLXS	C	0.17%
SPXC	B	0.17%
PEN	C	0.17%
WFRD	F	0.16%
SPSC	F	0.16%
LSCC	D	0.16%
FN	C	0.16%
CHX	C	0.16%
BANR	B	0.16%
BHE	C	0.16%
ESTC	C	0.16%
KNTK	B	0.16%
LAZ	C	0.16%
DLB	D	0.16%
PCOR	B	0.16%
ASB	B	0.16%
ALTR	C	0.15%
HNI	B	0.15%
BRKR	F	0.15%
GTLB	B	0.15%
MEDP	D	0.15%
MYRG	B	0.15%
AM	B	0.15%
X	D	0.15%
TNL	A	0.15%
HQY	B	0.15%
EAT	B	0.15%
VKTX	F	0.14%
ECG	D	0.14%
RMBS	C	0.14%
IDCC	B	0.14%
KLIC	C	0.14%
CFLT	B	0.14%
PINC	B	0.14%
WH	A	0.14%
HXL	F	0.14%
FIBK	B	0.14%
SMAR	A	0.14%
HIW	D	0.14%
PDCO	F	0.14%
CAVA	C	0.13%
CABO	B	0.13%
EPAC	B	0.13%
LRN	B	0.13%
IBCP	B	0.13%
HESM	C	0.13%
CPK	A	0.13%
CYTK	C	0.13%
MKSI	C	0.13%
CPF	B	0.13%
TPX	B	0.13%
CHE	D	0.13%
FYBR	D	0.13%
PRIM	B	0.13%
NXT	C	0.12%
YETI	D	0.12%
WGO	B	0.12%
XENE	C	0.12%
SHOO	D	0.12%
ELF	C	0.12%
MTX	B	0.12%
WERN	B	0.12%
LBRDA	C	0.12%
IRDM	B	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%
APPF	B	0.11%
ETSY	D	0.11%
PATH	C	0.11%
EVR	B	0.11%
LCII	D	0.11%
BHVN	C	0.11%
KOS	D	0.11%
VECO	F	0.11%
WDFC	B	0.11%
CRNX	B	0.11%
CCOI	C	0.11%
ALTM	C	0.11%
FULT	B	0.11%
ECPG	C	0.11%
DFIN	D	0.11%
STRL	B	0.11%
IMAX	B	0.1%
TDC	F	0.1%
POWL	C	0.1%
PRCT	C	0.1%
WEN	C	0.1%
ZI	C	0.1%
VC	F	0.1%
CSGS	B	0.1%
MRCY	B	0.1%
SJW	F	0.1%
NWL	B	0.1%
AMAL	B	0.1%
SCL	C	0.1%
KAR	B	0.1%
FA	D	0.1%
ERII	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%
RDUS	D	0.1%
EFSC	B	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%
ESE	B	0.09%
ABM	B	0.09%
ICFI	C	0.09%
PJT	B	0.09%
MGRC	B	0.09%
AROC	B	0.09%
NMIH	D	0.09%
CURB	C	0.09%
SLAB	F	0.09%
SHAK	C	0.09%
TRN	B	0.09%
BRC	B	0.09%
AMED	F	0.09%
CAC	B	0.09%
DV	C	0.09%
TENB	C	0.09%
UNFI	B	0.08%
TILE	B	0.08%
CWK	C	0.08%
PLMR	A	0.08%
PRKS	B	0.08%
BWIN	D	0.08%
EVRI	A	0.08%
SPB	A	0.08%
TDS	C	0.08%
AZTA	F	0.08%
ST	F	0.08%
ALG	B	0.08%
BXMT	D	0.08%
ENOV	C	0.08%
ICUI	D	0.08%
BOH	B	0.08%
NTGR	B	0.08%
STC	C	0.08%
RNST	B	0.08%
LBPH	A	0.08%
TARS	C	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%
XRAY	F	0.07%
VITL	F	0.07%
MAN	F	0.07%
VNOM	C	0.07%
PAYO	B	0.07%
W	F	0.07%
PAR	B	0.07%
CCS	F	0.07%
SG	C	0.07%
UPST	B	0.07%
KREF	D	0.07%
UEC	C	0.07%
MRUS	C	0.07%
CALX	F	0.07%
RH	C	0.07%
NARI	C	0.07%
AAT	B	0.07%
COLD	F	0.07%
HBI	B	0.07%
PHAT	F	0.07%
PDM	D	0.07%
HAIN	F	0.07%
GT	C	0.07%
GTES	B	0.07%
PLUS	F	0.07%
COMP	B	0.07%
CCCS	B	0.07%
ENR	A	0.07%
PECO	B	0.07%
EYE	C	0.07%
DOCS	B	0.07%
VRDN	C	0.07%
XHR	B	0.07%
VAC	B	0.07%
AMN	F	0.07%
SONO	C	0.07%
VCTR	C	0.07%
BDN	D	0.07%
ROG	D	0.07%
INTA	B	0.07%
SASR	A	0.07%
ESRT	D	0.07%
TREX	C	0.07%
DEA	D	0.07%
KTOS	B	0.07%
ZD	B	0.07%
CTS	C	0.07%
MHK	D	0.07%
VSEC	B	0.07%
AZZ	B	0.07%
IOSP	B	0.07%
TBBK	B	0.07%
INDB	B	0.07%
CWEN	D	0.07%
CLVT	F	0.07%
PRVA	B	0.07%
ACLX	C	0.07%
BL	B	0.07%
NWN	B	0.07%
IESC	B	0.07%
KOP	C	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%
AMWD	B	0.07%
RBBN	B	0.06%
NRIX	B	0.06%
RNG	C	0.06%
ADUS	D	0.06%
VBTX	B	0.06%
SLVM	C	0.06%
CWEN	D	0.06%
ANDE	D	0.06%
CC	C	0.06%
PTCT	C	0.06%
PLUG	D	0.06%
VERA	B	0.06%
PPBI	B	0.06%
GERN	F	0.06%
CRAI	C	0.06%
AORT	C	0.06%
EPR	D	0.06%
GH	B	0.06%
APGE	C	0.06%
SPR	F	0.06%
CHH	B	0.06%
LCID	F	0.06%
PLAY	C	0.06%
NUVL	D	0.06%
ROCK	C	0.06%
OMCL	C	0.06%
PTGX	D	0.06%
RUSHB	B	0.06%
ALKT	C	0.06%
PYCR	B	0.06%
VERX	B	0.06%
MOV	C	0.06%
VVI	B	0.06%
CAKE	B	0.06%
IART	C	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%
HI	C	0.06%
KVYO	C	0.06%
LEG	F	0.06%
FUN	B	0.06%
TALO	C	0.06%
UFPT	C	0.06%
PNTG	D	0.06%
ELVN	C	0.06%
PAHC	B	0.06%
VREX	C	0.06%
TDOC	C	0.06%
CBU	B	0.06%
PEB	F	0.06%
APG	C	0.06%
HELE	C	0.06%
MODG	F	0.06%
PK	C	0.06%
EE	B	0.06%
POWI	D	0.06%
MBUU	C	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%
FL	F	0.06%
BANC	B	0.06%
UPBD	B	0.06%
KROS	C	0.06%
IDYA	F	0.06%
VSCO	B	0.06%
HWKN	C	0.06%
CMP	C	0.06%
HAFC	B	0.06%
SKT	A	0.06%
KE	C	0.06%
GBX	A	0.06%
ENV	B	0.06%
CALM	B	0.06%
ZYME	B	0.06%
CLNE	C	0.06%
WRBY	A	0.06%
SATS	D	0.06%
NVST	C	0.06%
ALEC	D	0.05%
JAMF	F	0.05%
HZO	F	0.05%
KLG	F	0.05%
MLTX	B	0.05%
IMVT	D	0.05%
PFS	B	0.05%
DOCN	C	0.05%
ZEUS	C	0.05%
INVX	C	0.05%
ASAN	C	0.05%
PLOW	C	0.05%
CWT	D	0.05%
CUBI	B	0.05%
DNOW	B	0.05%
WOLF	F	0.05%
BEAM	C	0.05%
ARCB	C	0.05%
LESL	D	0.05%
LGF.A	D	0.05%
WNC	C	0.05%
BBIO	F	0.05%
BE	B	0.05%
DLX	B	0.05%
AHH	D	0.05%
NEP	F	0.05%
ACEL	B	0.05%
EPC	F	0.05%
RAMP	C	0.05%
GRBK	D	0.05%
TNDM	F	0.05%
CAR	C	0.05%
VSTS	D	0.05%
AMBC	C	0.05%
NEOG	D	0.05%
COGT	D	0.05%
DGII	B	0.05%
FLGT	F	0.05%
REVG	B	0.05%
FFBC	B	0.05%
FLG	D	0.05%
CDE	D	0.05%
THRM	F	0.05%
PBI	C	0.05%
MRC	B	0.05%
AGYS	B	0.05%
ICHR	C	0.05%
KELYA	F	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%
VYX	B	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%
WKC	C	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%
TROX	F	0.05%
PLRX	D	0.05%
WT	B	0.05%
SMPL	B	0.05%
FLYW	B	0.05%
ARKO	D	0.05%
ESTA	D	0.05%
AI	C	0.05%
PDFS	C	0.05%
SBH	A	0.05%
GEF	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%
GEF	B	0.05%
NCNO	B	0.05%
SMP	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%
VRNT	D	0.05%
NBHC	B	0.05%
ATEN	A	0.05%
PRO	C	0.05%
INFN	D	0.05%
CMCO	C	0.05%
EMBC	C	0.05%
MTRN	B	0.05%
ARWR	C	0.05%
CBZ	B	0.05%
AIR	B	0.05%
GOGO	C	0.05%
ZUO	B	0.05%
YELP	C	0.05%
PRAA	C	0.05%
NBTB	B	0.05%
MPW	F	0.05%
ATGE	C	0.05%
TNC	F	0.05%
RXST	F	0.05%
CSTL	C	0.05%
ACVA	B	0.05%
BGC	C	0.05%
BKU	A	0.05%
HAYW	B	0.05%
RKT	F	0.05%
PD	C	0.05%
KYMR	C	0.05%
ETWO	F	0.04%
OMI	F	0.04%
CAL	D	0.04%
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%
CCRN	F	0.04%
HOUS	F	0.04%
STAA	F	0.04%
XRX	F	0.04%
CLDX	F	0.04%
FOXF	F	0.04%
CRI	D	0.04%
BRZE	C	0.04%
SWTX	C	0.04%
NTLA	F	0.04%
EGY	F	0.04%
ARCT	F	0.04%
MLKN	D	0.04%
RCUS	F	0.04%
KURA	F	0.04%
PRTA	F	0.04%
BRY	F	0.04%
CLW	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%
MTUS	D	0.04%
GO	C	0.04%
MEI	F	0.04%
CECO	C	0.04%
CGEM	F	0.04%
TMCI	C	0.04%
HLX	C	0.04%
ARLO	C	0.04%
BASE	C	0.04%
PENN	B	0.04%
AXL	C	0.04%
GPRE	F	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%
JELD	F	0.03%
NOVA	F	0.03%
MAGN	F	0.02%
MC	B	0.02%
DEI	B	0.02%
GDOT	C	0.01%

ESML Underweight 131 Positions Relative to FNX

Symbol	Grade	Weight
AX	B	-0.45%
CORT	B	-0.45%
HP	C	-0.42%
ZETA	F	-0.42%
NOG	B	-0.41%
MATX	B	-0.41%
MTDR	B	-0.4%
CSWI	B	-0.4%
HLNE	B	-0.4%
MGY	B	-0.39%
OVV	C	-0.39%
ADTN	B	-0.38%
IOT	B	-0.38%
DDS	B	-0.37%
TOST	A	-0.37%
CHRD	D	-0.36%
MLI	B	-0.36%
LTH	D	-0.36%
TAP	B	-0.36%
URBN	C	-0.35%
AMR	C	-0.35%
OTTR	C	-0.35%
G	B	-0.33%
DINO	D	-0.33%
DVA	C	-0.32%
PODD	B	-0.32%
LBRT	F	-0.32%
ASO	F	-0.31%
GMS	B	-0.31%
APA	F	-0.31%
BCO	F	-0.3%
GBDC	B	-0.29%
HST	D	-0.29%
UFPI	B	-0.29%
MOS	D	-0.29%
PNW	A	-0.29%
SOLV	C	-0.29%
BEN	C	-0.29%
EXEL	B	-0.29%
POR	D	-0.28%
BKH	A	-0.28%
NFE	F	-0.28%
EVRG	A	-0.28%
ENS	D	-0.27%
LKQ	C	-0.27%
SANM	C	-0.26%
HLI	B	-0.25%
AMKR	F	-0.25%
UHS	D	-0.25%
EMN	D	-0.25%
JBL	C	-0.24%
FNB	B	-0.24%
TPG	B	-0.24%
SEIC	A	-0.24%
IDA	A	-0.23%
KNX	C	-0.23%
SMG	D	-0.23%
WTRG	C	-0.22%
MSM	C	-0.22%
KEX	A	-0.22%
OGE	B	-0.22%
RIG	C	-0.22%
TW	B	-0.22%
PAG	B	-0.21%
DIOD	F	-0.21%
MIDD	D	-0.21%
PNM	B	-0.21%
HII	F	-0.21%
SKX	F	-0.2%
BBWI	C	-0.2%
IPG	F	-0.2%
SJM	F	-0.2%
REYN	D	-0.19%
WPC	F	-0.19%
TKR	F	-0.19%
OLN	F	-0.19%
DOCU	B	-0.18%
KAI	B	-0.17%
PII	F	-0.17%
PB	B	-0.16%
EPAM	B	-0.16%
AIZ	A	-0.15%
DNB	B	-0.15%
MKTX	C	-0.15%
CNS	C	-0.15%
MSGS	B	-0.15%
CRL	C	-0.15%
FFIV	B	-0.15%
PFGC	B	-0.15%
HOMB	A	-0.15%
BOKF	B	-0.15%
DKS	D	-0.14%
TTC	F	-0.14%
ALLE	D	-0.14%
DT	C	-0.14%
SLGN	B	-0.14%
REG	A	-0.14%
AFG	A	-0.14%
HSIC	F	-0.13%
UHAL	D	-0.13%
MGM	D	-0.13%
LAMR	D	-0.13%
WYNN	C	-0.12%
MTCH	F	-0.11%
AES	F	-0.1%
ESAB	B	-0.09%
DAY	B	-0.09%
CWST	B	-0.08%
SAIC	D	-0.08%
GOLF	B	-0.08%
TECH	D	-0.07%
CCK	D	-0.07%
KMX	B	-0.07%
UDR	C	-0.07%
CPT	C	-0.07%
ALIT	C	-0.07%
IAC	F	-0.07%
CTRE	C	-0.07%
IRT	A	-0.07%
H	B	-0.07%
EEFT	C	-0.07%
KRG	B	-0.07%
MAIN	A	-0.07%
RBC	B	-0.07%
AOS	F	-0.06%
HUN	F	-0.06%
FBIN	F	-0.06%
NNN	F	-0.06%
NSP	F	-0.06%
TFX	F	-0.06%
COTY	D	-0.05%