ESML vs. FSMD ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Fidelity Small-Mid Factor ETF (FSMD)

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

$38.31

Average Daily Volume

131,165

Number of Holdings ^*

899

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$37.53

Average Daily Volume

62,131

Number of Holdings ^*

570

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FSMD
30 Days	-1.47%	-1.09%
60 Days	-0.24%	0.28%
90 Days	-1.49%	-0.28%
12 Months	8.70%	12.16%

312 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FSMD	Overlap
AAON	B	0.21%	0.2%	0.2%
ABG	D	0.12%	0.17%	0.12%
ACA	D	0.12%	0.15%	0.12%
ACIW	A	0.13%	0.17%	0.13%
ACLX	B	0.05%	0.11%	0.05%
ADUS	B	0.06%	0.15%	0.06%
AEO	F	0.1%	0.15%	0.1%
AGCO	F	0.16%	0.17%	0.16%
AIT	B	0.1%	0.22%	0.1%
ALG	F	0.08%	0.09%	0.08%
ALKS	D	0.1%	0.15%	0.1%
ALSN	C	0.19%	0.21%	0.19%
ALTR	B	0.15%	0.18%	0.15%
ALV	D	0.04%	0.23%	0.04%
AMAL	B	0.09%	0.11%	0.09%
AMED	A	0.1%	0.14%	0.1%
AMG	D	0.27%	0.19%	0.19%
AMN	F	0.1%	0.09%	0.09%
AMWD	F	0.07%	0.09%	0.07%
AN	C	0.09%	0.17%	0.09%
ANDE	F	0.07%	0.1%	0.07%
ANF	B	0.21%	0.3%	0.21%
APAM	D	0.09%	0.14%	0.09%
APPF	B	0.14%	0.17%	0.14%
ARCB	D	0.05%	0.11%	0.05%
ARDX	F	0.05%	0.1%	0.05%
ARW	D	0.09%	0.19%	0.09%
ASGN	D	0.17%	0.15%	0.15%
ATGE	A	0.05%	0.17%	0.05%
ATKR	F	0.15%	0.16%	0.15%
ATR	D	0.22%	0.24%	0.22%
AVA	D	0.19%	0.13%	0.13%
AVT	D	0.29%	0.17%	0.17%
AWI	D	0.19%	0.17%	0.17%
AXS	B	0.18%	0.21%	0.18%
AXTA	C	0.27%	0.2%	0.2%
AYI	C	0.28%	0.21%	0.21%
AZZ	D	0.08%	0.13%	0.08%
BC	F	0.08%	0.16%	0.08%
BCC	F	0.15%	0.15%	0.15%
BCPC	A	0.13%	0.16%	0.13%
BDC	C	0.19%	0.16%	0.16%
BDN	D	0.05%	0.1%	0.05%
BERY	D	0.17%	0.18%	0.17%
BFAM	C	0.25%	0.21%	0.21%
BL	D	0.07%	0.1%	0.07%
BLD	D	0.31%	0.31%	0.31%
BLKB	D	0.12%	0.12%	0.12%
BMI	C	0.28%	0.19%	0.19%
BOX	D	0.13%	0.14%	0.13%
BPMC	B	0.1%	0.24%	0.1%
BPOP	C	0.08%	0.21%	0.08%
BRBR	C	0.09%	0.21%	0.09%
BRC	B	0.09%	0.14%	0.09%
BRKR	F	0.17%	0.18%	0.17%
BRX	B	0.12%	0.21%	0.12%
BWA	F	0.19%	0.21%	0.19%
BWXT	B	0.27%	0.24%	0.24%
BXMT	C	0.09%	0.14%	0.09%
BYD	F	0.05%	0.14%	0.05%
CACI	B	0.2%	0.26%	0.2%
CALM	B	0.05%	0.13%	0.05%
CASY	B	0.57%	0.36%	0.36%
CBZ	C	0.06%	0.15%	0.06%
CCOI	D	0.05%	0.11%	0.05%
CCRN	F	0.05%	0.06%	0.05%
CCS	F	0.08%	0.12%	0.08%
CHE	D	0.13%	0.23%	0.13%
CHH	C	0.07%	0.14%	0.07%
CLH	B	0.06%	0.3%	0.06%
CLW	D	0.05%	0.11%	0.05%
CMC	D	0.23%	0.19%	0.19%
CNM	D	0.28%	0.23%	0.23%
CNO	B	0.16%	0.15%	0.15%
CNX	C	0.2%	0.19%	0.19%
COKE	B	0.06%	0.19%	0.06%
COLB	C	0.1%	0.17%	0.1%
COOP	C	0.05%	0.21%	0.05%
CPRX	D	0.05%	0.13%	0.05%
CR	B	0.18%	0.21%	0.18%
CRC	B	0.11%	0.17%	0.11%
CRI	F	0.05%	0.11%	0.05%
CRUS	A	0.25%	0.24%	0.24%
CRVL	B	0.08%	0.14%	0.08%
CUBE	B	0.21%	0.27%	0.21%
CUBI	B	0.05%	0.11%	0.05%
CUZ	C	0.18%	0.15%	0.15%
CVLT	A	0.18%	0.19%	0.18%
CW	B	0.2%	0.28%	0.2%
CWEN	D	0.05%	0.13%	0.05%
CWEN	D	0.07%	0.13%	0.07%
DBX	D	0.13%	0.15%	0.13%
DCI	D	0.26%	0.24%	0.24%
DEA	B	0.08%	0.11%	0.08%
DLB	D	0.2%	0.15%	0.15%
DOCS	C	0.05%	0.15%	0.05%
DTM	B	0.22%	0.25%	0.22%
DUOL	F	0.1%	0.23%	0.1%
DV	F	0.11%	0.08%	0.08%
DXC	C	0.12%	0.13%	0.12%
EGP	B	0.23%	0.22%	0.22%
EHC	A	0.27%	0.26%	0.26%
ELAN	F	0.19%	0.21%	0.19%
ELF	C	0.26%	0.31%	0.26%
ENSG	A	0.19%	0.22%	0.19%
EPR	C	0.06%	0.14%	0.06%
EPRT	A	0.15%	0.17%	0.15%
ESE	D	0.06%	0.12%	0.06%
ESI	B	0.15%	0.19%	0.15%
ESNT	B	0.09%	0.2%	0.09%
ESTC	B	0.24%	0.23%	0.23%
ETRN	D	0.15%	0.22%	0.15%
EVR	A	0.11%	0.24%	0.11%
EWBC	C	0.34%	0.28%	0.28%
FBP	A	0.08%	0.16%	0.08%
FCN	C	0.24%	0.22%	0.22%
FELE	D	0.22%	0.14%	0.14%
FIVN	F	0.09%	0.1%	0.09%
FIX	C	0.32%	0.3%	0.3%
FLS	D	0.14%	0.2%	0.14%
FN	C	0.18%	0.24%	0.18%
FNB	C	0.06%	0.18%	0.06%
FORM	A	0.05%	0.19%	0.05%
FR	C	0.09%	0.19%	0.09%
FRSH	D	0.05%	0.08%	0.05%
FRT	C	0.31%	0.22%	0.22%
FSS	C	0.15%	0.17%	0.15%
FTDR	D	0.19%	0.13%	0.13%
FTI	B	0.37%	0.34%	0.34%
FUL	D	0.12%	0.14%	0.12%
FULT	D	0.12%	0.15%	0.12%
GEF	F	0.05%	0.09%	0.05%
GEF	F	0.05%	0.09%	0.05%
GL	C	0.1%	0.19%	0.1%
GMED	A	0.1%	0.26%	0.1%
GPI	D	0.19%	0.17%	0.17%
GPK	D	0.29%	0.21%	0.21%
GWRE	A	0.36%	0.29%	0.29%
HAE	D	0.13%	0.17%	0.13%
HAFC	B	0.05%	0.1%	0.05%
HALO	B	0.12%	0.26%	0.12%
HAS	D	0.26%	0.24%	0.24%
HCC	C	0.05%	0.12%	0.05%
HELE	F	0.08%	0.11%	0.08%
HIW	B	0.12%	0.14%	0.12%
HNI	B	0.14%	0.12%	0.12%
HOG	F	0.24%	0.16%	0.16%
HQY	B	0.16%	0.23%	0.16%
HRB	A	0.21%	0.24%	0.21%
HWKN	A	0.06%	0.13%	0.06%
IART	C	0.09%	0.1%	0.09%
IBCP	B	0.13%	0.11%	0.11%
IBKR	B	0.25%	0.36%	0.25%
IBOC	C	0.06%	0.15%	0.06%
IBP	D	0.1%	0.17%	0.1%
ICFI	D	0.08%	0.13%	0.08%
IDCC	A	0.1%	0.13%	0.1%
IDYA	F	0.08%	0.11%	0.08%
IESC	D	0.05%	0.14%	0.05%
INFA	B	0.07%	0.09%	0.07%
INGR	D	0.37%	0.22%	0.22%
IOSP	D	0.15%	0.13%	0.13%
IRON	C	0.07%	0.07%	0.07%
ITGR	D	0.14%	0.17%	0.14%
ITT	D	0.27%	0.27%	0.27%
JAZZ	F	0.15%	0.2%	0.15%
JLL	B	0.33%	0.26%	0.26%
JXN	B	0.13%	0.23%	0.13%
KBH	C	0.22%	0.19%	0.19%
KBR	C	0.42%	0.24%	0.24%
KD	B	0.11%	0.2%	0.11%
KELYA	C	0.05%	0.09%	0.05%
KNSL	F	0.19%	0.24%	0.19%
KRC	D	0.1%	0.13%	0.1%
KREF	D	0.06%	0.08%	0.06%
KTB	D	0.13%	0.15%	0.13%
LAD	D	0.17%	0.19%	0.17%
LCII	F	0.14%	0.12%	0.12%
LEA	F	0.13%	0.19%	0.13%
LFUS	C	0.18%	0.19%	0.18%
LIVN	D	0.05%	0.15%	0.05%
LNTH	C	0.11%	0.23%	0.11%
LNW	B	0.24%	0.28%	0.24%
LOPE	C	0.07%	0.16%	0.07%
LRN	C	0.1%	0.15%	0.1%
LSTR	B	0.25%	0.19%	0.19%
MEDP	C	0.18%	0.3%	0.18%
MGRC	F	0.09%	0.11%	0.09%
MHK	D	0.06%	0.19%	0.06%
MHO	D	0.05%	0.14%	0.05%
MMSI	A	0.14%	0.19%	0.14%
MOG.A	C	0.21%	0.18%	0.18%
MORN	B	0.18%	0.23%	0.18%
MPW	F	0.06%	0.15%	0.06%
MSA	B	0.21%	0.21%	0.21%
MTG	B	0.25%	0.2%	0.2%
MTH	D	0.17%	0.2%	0.17%
MTN	F	0.23%	0.19%	0.19%
MTRN	D	0.07%	0.1%	0.07%
MTX	B	0.14%	0.13%	0.13%
MUR	D	0.18%	0.21%	0.18%
MUSA	C	0.33%	0.28%	0.28%
MYRG	F	0.16%	0.11%	0.11%
NEOG	C	0.06%	0.15%	0.06%
NFG	C	0.2%	0.18%	0.18%
NNN	B	0.19%	0.23%	0.19%
NSIT	B	0.19%	0.17%	0.17%
NVT	C	0.23%	0.32%	0.23%
NXST	C	0.1%	0.18%	0.1%
NYCB	D	0.05%	0.09%	0.05%
NYT	A	0.19%	0.25%	0.19%
OEC	F	0.04%	0.09%	0.04%
OGS	C	0.32%	0.14%	0.14%
OHI	A	0.28%	0.25%	0.25%
OLED	A	0.11%	0.25%	0.11%
OLLI	B	0.07%	0.22%	0.07%
OMCL	F	0.04%	0.1%	0.04%
OMF	C	0.19%	0.19%	0.19%
ONTO	B	0.32%	0.29%	0.29%
OPCH	F	0.13%	0.17%	0.13%
ORI	C	0.12%	0.24%	0.12%
OSK	D	0.32%	0.2%	0.2%
OZK	D	0.13%	0.16%	0.13%
PBF	D	0.11%	0.18%	0.11%
PCOR	C	0.15%	0.17%	0.15%
PCVX	B	0.19%	0.21%	0.19%
PDM	B	0.06%	0.1%	0.06%
PETQ	A	0.06%	0.12%	0.06%
PGNY	D	0.09%	0.11%	0.09%
PINC	F	0.13%	0.12%	0.12%
PLMR	C	0.07%	0.16%	0.07%
PLUS	C	0.06%	0.1%	0.06%
PLXS	C	0.15%	0.13%	0.13%
POWL	D	0.05%	0.12%	0.05%
PRGS	B	0.22%	0.11%	0.11%
PRI	C	0.22%	0.24%	0.22%
PSN	B	0.1%	0.16%	0.1%
QLYS	D	0.05%	0.15%	0.05%
RAMP	D	0.06%	0.09%	0.06%
RDN	B	0.09%	0.18%	0.09%
RGA	B	0.3%	0.35%	0.3%
RGLD	C	0.29%	0.22%	0.22%
RHI	F	0.21%	0.18%	0.18%
RL	C	0.08%	0.23%	0.08%
RLI	D	0.18%	0.19%	0.18%
RMBS	D	0.18%	0.18%	0.18%
RNR	D	0.25%	0.3%	0.25%
ROCK	D	0.06%	0.1%	0.06%
RUSHA	F	0.05%	0.11%	0.05%
RYAN	C	0.13%	0.23%	0.13%
SATS	B	0.05%	0.16%	0.05%
SCI	C	0.26%	0.28%	0.26%
SF	B	0.15%	0.26%	0.15%
SFM	B	0.34%	0.28%	0.28%
SHOO	C	0.12%	0.14%	0.12%
SIGI	F	0.3%	0.19%	0.19%
SKT	D	0.06%	0.14%	0.06%
SKY	F	0.04%	0.15%	0.04%
SLVM	C	0.05%	0.14%	0.05%
SMAR	B	0.12%	0.18%	0.12%
SON	F	0.13%	0.15%	0.13%
SPSC	B	0.19%	0.2%	0.19%
SSD	F	0.1%	0.2%	0.1%
STRL	D	0.09%	0.18%	0.09%
SUM	D	0.23%	0.14%	0.14%
SWN	C	0.24%	0.24%	0.24%
TBBK	B	0.06%	0.12%	0.06%
TDC	C	0.13%	0.11%	0.11%
TENB	D	0.12%	0.16%	0.12%
TEX	D	0.09%	0.13%	0.09%
TGNA	D	0.18%	0.13%	0.13%
THO	D	0.14%	0.16%	0.14%
TMHC	D	0.15%	0.2%	0.15%
TNC	D	0.07%	0.11%	0.07%
TNET	F	0.1%	0.12%	0.1%
TNL	D	0.15%	0.15%	0.15%
TOL	D	0.22%	0.32%	0.22%
TPH	D	0.14%	0.16%	0.14%
TPX	D	0.15%	0.23%	0.15%
TREX	F	0.11%	0.21%	0.11%
TRNO	B	0.11%	0.17%	0.11%
TTEK	C	0.18%	0.29%	0.18%
TXRH	C	0.1%	0.32%	0.1%
UFPT	A	0.05%	0.17%	0.05%
UMBF	B	0.21%	0.16%	0.16%
UNM	D	0.2%	0.26%	0.2%
VCTR	C	0.05%	0.16%	0.05%
VKTX	D	0.12%	0.29%	0.12%
VLY	F	0.13%	0.12%	0.12%
VNO	B	0.06%	0.15%	0.06%
VNT	D	0.17%	0.18%	0.17%
VOYA	D	0.19%	0.22%	0.19%
VRNS	B	0.06%	0.17%	0.06%
VRRM	B	0.07%	0.17%	0.07%
WBS	D	0.24%	0.22%	0.22%
WDFC	F	0.1%	0.12%	0.1%
WEN	F	0.1%	0.12%	0.1%
WGO	F	0.12%	0.1%	0.1%
WH	C	0.13%	0.19%	0.13%
WING	B	0.27%	0.35%	0.27%
WMS	D	0.29%	0.29%	0.29%
WTFC	C	0.06%	0.2%	0.06%
WTS	D	0.2%	0.16%	0.16%
WU	D	0.09%	0.17%	0.09%
WWD	C	0.22%	0.28%	0.22%
X	D	0.16%	0.21%	0.16%
XPO	D	0.27%	0.31%	0.27%
XRAY	F	0.08%	0.16%	0.08%
YELP	F	0.06%	0.12%	0.06%
ZD	F	0.09%	0.12%	0.09%
ZION	B	0.17%	0.21%	0.17%
ZWS	D	0.18%	0.15%	0.15%

ESML Overweight 587 Positions Relative to FSMD

Symbol	Grade	Weight
JHG	A	0.44%
USFD	B	0.4%
REXR	C	0.38%
NTNX	D	0.33%
FLEX	C	0.32%
RRC	C	0.29%
SRPT	C	0.29%
BJ	B	0.29%
MDU	C	0.29%
SAIA	B	0.29%
CVNA	B	0.28%
WEX	D	0.28%
UGI	D	0.28%
AR	C	0.27%
R	B	0.26%
NJR	D	0.25%
SNV	A	0.25%
WFRD	B	0.25%
SNDR	B	0.24%
CROX	C	0.24%
TPR	C	0.24%
SSB	D	0.23%
COHR	A	0.23%
LECO	F	0.23%
IVZ	D	0.23%
ARMK	B	0.23%
FHN	C	0.22%
NOV	C	0.22%
FND	F	0.22%
WHR	C	0.22%
PR	C	0.22%
GBCI	D	0.22%
PNFP	D	0.22%
MWA	C	0.22%
NTRA	B	0.22%
NOVT	C	0.21%
WSC	F	0.21%
VECO	B	0.2%
REZI	D	0.2%
KLIC	B	0.2%
GATX	B	0.2%
CDP	A	0.2%
ACHC	F	0.2%
ALK	D	0.2%
WCC	D	0.2%
CHX	C	0.2%
CBSH	C	0.2%
CMA	C	0.19%
FRPT	A	0.19%
ITRI	C	0.19%
ENLC	A	0.19%
DAR	D	0.19%
PVH	F	0.19%
VVV	B	0.19%
RHP	D	0.19%
NCLH	C	0.19%
M	D	0.18%
SITE	F	0.18%
FMC	F	0.18%
PLNT	B	0.18%
WK	F	0.18%
THC	B	0.18%
PDCO	F	0.18%
PCH	F	0.18%
KOS	D	0.18%
AEIS	C	0.18%
RRX	F	0.18%
MKSI	B	0.18%
HHH	D	0.18%
EXLS	B	0.18%
TKO	A	0.17%
AM	B	0.17%
HRI	F	0.17%
ONB	B	0.17%
AA	B	0.17%
WAL	B	0.17%
GKOS	A	0.17%
SPXC	B	0.17%
GNRC	C	0.17%
THG	C	0.16%
ATI	C	0.16%
GXO	D	0.16%
ASB	C	0.16%
HXL	D	0.16%
GTLS	D	0.16%
BHE	B	0.16%
AFRM	F	0.15%
CABO	F	0.15%
HESM	A	0.15%
UBSI	D	0.15%
KNTK	A	0.15%
SLM	C	0.15%
PEN	F	0.15%
CGNX	B	0.15%
GPS	C	0.15%
CHDN	A	0.15%
MTZ	C	0.15%
FAF	D	0.15%
VFC	C	0.15%
ITCI	C	0.14%
BECN	D	0.14%
GME	C	0.14%
WTM	C	0.14%
YETI	F	0.14%
CYTK	D	0.14%
LPX	D	0.14%
SR	C	0.14%
GTLB	D	0.14%
INSM	C	0.14%
FIBK	B	0.14%
FIVE	F	0.14%
CIEN	F	0.14%
MOD	A	0.14%
WERN	D	0.13%
MAT	F	0.13%
AVAV	D	0.13%
EVRI	C	0.13%
BANR	B	0.13%
CADE	C	0.13%
DFIN	D	0.13%
FTAI	B	0.13%
OGN	C	0.13%
AGNC	A	0.13%
NPO	D	0.13%
AZEK	D	0.13%
NXT	D	0.13%
SWX	D	0.13%
XENE	F	0.12%
IRDM	F	0.12%
PFSI	A	0.12%
VMI	C	0.12%
ZI	F	0.12%
BHLB	B	0.12%
SITC	A	0.12%
CBT	D	0.12%
SCL	D	0.12%
VC	D	0.12%
HASI	D	0.12%
CPK	C	0.12%
S	D	0.11%
SIG	F	0.11%
KNF	D	0.11%
ORA	C	0.11%
STWD	C	0.11%
WHD	B	0.11%
ADT	B	0.11%
FLO	D	0.11%
FYBR	B	0.11%
KAR	C	0.11%
AL	C	0.11%
EAT	C	0.11%
RXO	B	0.11%
SLAB	D	0.11%
EPAC	B	0.11%
SOFI	D	0.11%
XPRO	C	0.1%
EFSC	B	0.1%
AROC	B	0.1%
HWC	B	0.1%
ERII	F	0.1%
CIVI	D	0.1%
DY	B	0.1%
MODG	D	0.1%
BILL	F	0.1%
LNC	B	0.1%
TMDX	B	0.1%
AUB	C	0.1%
MARA	B	0.1%
PRIM	D	0.1%
DNLI	C	0.1%
FLR	B	0.1%
ST	D	0.1%
CVBF	C	0.1%
CRS	B	0.1%
CPF	B	0.1%
FA	C	0.1%
CRSP	F	0.1%
ADC	B	0.1%
ECPG	D	0.1%
SJW	F	0.1%
LYFT	F	0.1%
SLG	B	0.09%
CRDO	B	0.09%
KFY	B	0.09%
VRNT	C	0.09%
MTSI	A	0.09%
VITL	B	0.09%
PRKS	B	0.09%
LEG	F	0.09%
HI	F	0.09%
LXP	B	0.09%
CSGS	F	0.09%
ABM	B	0.09%
JEF	A	0.09%
HR	B	0.09%
WOLF	F	0.09%
KOP	F	0.09%
W	D	0.09%
ENOV	F	0.09%
TRN	C	0.09%
POST	C	0.09%
ROG	C	0.09%
POWI	D	0.09%
LNN	D	0.09%
JBT	F	0.09%
MRCY	D	0.09%
ABCB	B	0.09%
RDUS	F	0.09%
AAP	F	0.09%
HCP	A	0.09%
RVMD	D	0.08%
HIMS	C	0.08%
MAC	D	0.08%
PRGO	D	0.08%
LBRDA	C	0.08%
GH	C	0.08%
XHR	D	0.08%
PJT	A	0.08%
MRUS	C	0.08%
CLNE	D	0.08%
RNA	C	0.08%
SEE	D	0.08%
KE	F	0.08%
ARWR	C	0.08%
FROG	B	0.08%
CTS	D	0.08%
NARI	C	0.08%
PLYA	D	0.08%
CCCS	D	0.08%
SXT	D	0.08%
AZTA	D	0.08%
EYE	F	0.08%
MAN	D	0.08%
UNIT	F	0.08%
WOOF	C	0.08%
SPB	D	0.08%
IMAX	C	0.08%
CFR	D	0.08%
CAC	B	0.08%
ALTM	F	0.08%
PEGA	D	0.08%
KRYS	C	0.08%
BHVN	F	0.08%
QTWO	C	0.08%
STC	C	0.08%
MOV	F	0.08%
SONO	F	0.08%
RDNT	B	0.08%
VAC	F	0.08%
TWST	C	0.07%
FTRE	D	0.07%
HGV	F	0.07%
CNK	B	0.07%
VSEC	B	0.07%
NTLA	F	0.07%
BOOT	B	0.07%
NABL	B	0.07%
AVNT	D	0.07%
RXST	D	0.07%
NWL	F	0.07%
CERE	D	0.07%
INDB	D	0.07%
WD	D	0.07%
PRCT	C	0.07%
MIR	C	0.07%
AVDX	B	0.07%
NRIX	C	0.07%
APG	C	0.07%
ESRT	C	0.07%
LBPH	B	0.07%
KTOS	B	0.07%
TMCI	F	0.07%
LCID	D	0.07%
KSS	F	0.07%
NEP	F	0.07%
ENR	C	0.07%
INSP	F	0.07%
LITE	B	0.07%
CPRI	D	0.07%
GO	F	0.07%
PK	D	0.07%
COLM	D	0.07%
OII	B	0.07%
TNDM	D	0.07%
CLB	B	0.07%
VREX	F	0.07%
CLVT	D	0.07%
CAVA	B	0.07%
AIR	B	0.07%
PDFS	B	0.07%
TALO	D	0.07%
PIPR	A	0.07%
PI	C	0.07%
BOH	D	0.07%
SHAK	D	0.07%
RNST	C	0.07%
ENV	C	0.07%
COLD	C	0.07%
PD	C	0.07%
CC	F	0.07%
SBRA	A	0.07%
TROX	D	0.07%
DRS	B	0.07%
FL	D	0.07%
CRNX	D	0.07%
CALX	C	0.07%
PRVA	D	0.07%
NWN	F	0.07%
AMC	D	0.06%
DRQ	D	0.06%
AGO	B	0.06%
IVR	B	0.06%
PYCR	F	0.06%
MXL	B	0.06%
SHC	C	0.06%
FOUR	B	0.06%
XRX	F	0.06%
NUVL	C	0.06%
WT	B	0.06%
CAKE	C	0.06%
SNDX	D	0.06%
DYN	C	0.06%
CATC	B	0.06%
SG	C	0.06%
WKC	B	0.06%
RCKT	F	0.06%
RKLB	C	0.06%
MNKD	C	0.06%
VRTS	C	0.06%
FFIN	C	0.06%
RKT	C	0.06%
INTA	B	0.06%
AORT	A	0.06%
VERX	B	0.06%
SGH	B	0.06%
AI	B	0.06%
STAA	C	0.06%
AUR	C	0.06%
PTGX	B	0.06%
WNC	D	0.06%
ACEL	D	0.06%
MLTX	D	0.06%
EPC	B	0.06%
ARKO	C	0.06%
HIBB	A	0.06%
GTES	D	0.06%
SQSP	A	0.06%
CWK	C	0.06%
MLNK	C	0.06%
RCM	F	0.06%
PTEN	F	0.06%
SPT	D	0.06%
AVPT	B	0.06%
THRM	F	0.06%
JWN	B	0.06%
PRTA	F	0.06%
CNXC	C	0.06%
ICUI	B	0.06%
CMCO	F	0.06%
MDGL	C	0.06%
CECO	B	0.06%
MORF	C	0.06%
BWIN	B	0.06%
INFN	B	0.06%
EXPO	C	0.06%
ROIV	F	0.06%
UNFI	C	0.06%
AAT	B	0.06%
GERN	C	0.06%
HLIT	B	0.06%
AGL	D	0.06%
ZEUS	F	0.06%
RUN	F	0.06%
TKR	D	0.06%
VVX	B	0.06%
MGNI	B	0.06%
ACVA	D	0.06%
LEVI	D	0.06%
GVA	B	0.06%
TDS	B	0.06%
BANC	D	0.06%
SPR	B	0.06%
PECO	C	0.06%
HZO	C	0.06%
CLDX	D	0.06%
NTGR	C	0.06%
SEM	A	0.06%
JBGS	B	0.06%
CLSK	D	0.06%
SASR	B	0.06%
OUT	C	0.06%
RARE	F	0.06%
IMVT	F	0.05%
PTCT	D	0.05%
PRAA	F	0.05%
RIG	D	0.05%
LUMN	F	0.05%
QS	F	0.05%
CSTL	D	0.05%
BBIO	D	0.05%
ASTE	F	0.05%
BKU	B	0.05%
XPER	F	0.05%
DIN	F	0.05%
ASPN	D	0.05%
SMP	F	0.05%
RCUS	F	0.05%
ETNB	F	0.05%
UEC	D	0.05%
DOCN	D	0.05%
MTW	F	0.05%
MEG	D	0.05%
SM	D	0.05%
MNRO	F	0.05%
DAN	F	0.05%
RNG	D	0.05%
DK	D	0.05%
VERA	D	0.05%
CWT	D	0.05%
FNA	F	0.05%
GT	F	0.05%
AXL	D	0.05%
FFBC	C	0.05%
MTDR	D	0.05%
JANX	D	0.05%
HPP	D	0.05%
EMBC	D	0.05%
ARVN	F	0.05%
ARRY	F	0.05%
BRY	D	0.05%
OFIX	D	0.05%
PAHC	C	0.05%
SIBN	F	0.05%
RUSHB	F	0.05%
VYX	D	0.05%
UPWK	D	0.05%
ATEN	D	0.05%
ASAN	D	0.05%
VAL	B	0.05%
DAWN	F	0.05%
REVG	C	0.05%
CNMD	F	0.05%
KURA	D	0.05%
FLGT	F	0.05%
SVRA	D	0.05%
ETWO	D	0.05%
ASH	D	0.05%
EWCZ	F	0.05%
HAIN	D	0.05%
CAL	D	0.05%
BEAM	D	0.05%
JAMF	D	0.05%
RYN	F	0.05%
CDE	B	0.05%
WRBY	B	0.05%
VBTX	B	0.05%
MEI	F	0.05%
PSMT	D	0.05%
PHAT	C	0.05%
MRC	C	0.05%
BGC	C	0.05%
ZYME	F	0.05%
VVI	D	0.05%
APLS	F	0.05%
UPST	F	0.05%
LGF.A	F	0.05%
PLAY	F	0.05%
ATEC	F	0.05%
MLKN	D	0.05%
MMI	D	0.05%
CRMT	F	0.05%
AWR	D	0.05%
PRG	D	0.05%
TILE	D	0.05%
NEO	D	0.05%
PRLB	D	0.05%
UAA	F	0.05%
ZUO	D	0.05%
VSTS	F	0.05%
NBHC	B	0.05%
ARQT	B	0.05%
FLYW	F	0.05%
AIN	D	0.05%
PLOW	F	0.05%
GBX	C	0.05%
PNTG	A	0.05%
BKD	C	0.05%
HBI	D	0.05%
GOGO	D	0.05%
VNOM	B	0.05%
EWTX	C	0.05%
SBH	C	0.05%
CAR	F	0.05%
LBTYK	B	0.05%
KMPR	C	0.05%
AHH	B	0.05%
MASI	F	0.05%
EGY	B	0.05%
PGRE	C	0.05%
EDR	A	0.05%
KROS	F	0.05%
BRZE	D	0.05%
CBU	B	0.05%
MTTR	C	0.05%
VRDN	F	0.05%
RBBN	B	0.05%
EVBG	B	0.05%
EE	B	0.05%
KVYO	B	0.05%
CRAI	C	0.05%
NBTB	B	0.05%
ATRC	D	0.05%
DNOW	C	0.05%
PRO	F	0.05%
TDOC	F	0.05%
MYGN	B	0.05%
MBUU	F	0.05%
SWTX	D	0.05%
B	B	0.05%
ELVN	C	0.05%
XPEL	F	0.05%
DCO	B	0.05%
AXSM	B	0.05%
AGYS	A	0.05%
BE	F	0.05%
MQ	D	0.05%
HLX	A	0.05%
TGI	B	0.05%
THS	C	0.05%
FOXF	D	0.05%
RH	D	0.05%
SFBS	C	0.05%
DLX	B	0.05%
ICHR	C	0.05%
NVST	F	0.05%
SMPL	D	0.05%
PAR	B	0.05%
ALHC	B	0.05%
GPRE	F	0.04%
SEDG	F	0.04%
OSCR	D	0.04%
PBI	B	0.04%
SMTC	D	0.04%
AMBC	F	0.04%
PLRX	F	0.04%
CGEM	D	0.04%
PFS	D	0.04%
NVCR	D	0.04%
PLUG	F	0.04%
CMP	F	0.04%
CXM	D	0.04%
HL	D	0.04%
RXRX	F	0.04%
APGE	D	0.04%
KLG	D	0.04%
NFE	F	0.04%
XNCR	F	0.04%
QDEL	F	0.04%
SYM	D	0.04%
TXG	F	0.04%
ARCT	F	0.04%
OMI	F	0.04%
CHGG	F	0.04%
TARS	D	0.04%
ESTA	D	0.04%
HAYW	F	0.04%
LESL	F	0.04%
ALEC	F	0.04%
MYE	F	0.04%
CERT	D	0.04%
KYMR	D	0.04%
COMP	D	0.04%
MTUS	D	0.04%
NVAX	C	0.04%
FSLY	F	0.04%
VSCO	F	0.04%
NUVB	D	0.04%
JELD	D	0.04%
RIOT	F	0.04%
DGII	D	0.04%
SAVA	F	0.03%
CYRX	F	0.03%
HOUS	F	0.03%
SANA	F	0.03%
BASE	D	0.03%
MC	A	0.02%
GDOT	F	0.01%

ESML Underweight 260 Positions Relative to FSMD

Symbol	Grade	Weight
PSTG	C	-0.45%
EME	D	-0.42%
UTHR	B	-0.4%
TPL	B	-0.39%
DKS	C	-0.36%
IP	C	-0.35%
RBA	B	-0.34%
APP	A	-0.34%
UDR	B	-0.32%
WRK	D	-0.32%
TW	C	-0.32%
FOXA	A	-0.32%
JKHY	C	-0.31%
TECH	D	-0.3%
EVRG	D	-0.3%
NI	B	-0.3%
AMH	A	-0.3%
UHS	B	-0.3%
ALLY	B	-0.29%
INCY	C	-0.29%
JNPR	B	-0.28%
QRVO	B	-0.28%
LAMR	A	-0.28%
EMN	D	-0.28%
REG	C	-0.27%
CHK	C	-0.27%
BSY	D	-0.27%
CHRW	C	-0.27%
CRL	F	-0.27%
ERIE	C	-0.26%
AOS	D	-0.26%
SKX	C	-0.26%
DOCU	D	-0.26%
RPRX	F	-0.26%
TTC	C	-0.25%
FFIV	D	-0.25%
TFX	D	-0.25%
ALLE	D	-0.25%
HRL	F	-0.24%
BXP	B	-0.24%
AFG	D	-0.24%
CPB	B	-0.24%
CRBG	C	-0.24%
PNW	D	-0.24%
DINO	D	-0.24%
HII	D	-0.24%
DVA	C	-0.24%
AIZ	D	-0.24%
HLI	A	-0.23%
DOX	D	-0.23%
TAP	F	-0.23%
MOS	F	-0.23%
CHRD	C	-0.23%
ADMA	B	-0.23%
CCK	F	-0.22%
EXEL	C	-0.22%
MTCH	F	-0.22%
GNTX	C	-0.22%
HSIC	F	-0.22%
IONS	B	-0.21%
KNX	C	-0.21%
MGY	B	-0.21%
OGE	C	-0.21%
RBC	C	-0.21%
ACI	F	-0.21%
EXAS	F	-0.2%
UFPI	D	-0.2%
EXP	D	-0.2%
STAG	B	-0.2%
MLI	C	-0.2%
SNX	D	-0.2%
SEIC	C	-0.2%
STNG	B	-0.19%
CORT	C	-0.19%
LBRDK	C	-0.19%
KRG	B	-0.18%
RGEN	F	-0.18%
HLNE	B	-0.18%
WIRE	A	-0.18%
BCO	B	-0.18%
ESAB	D	-0.18%
SAIC	F	-0.18%
CSWI	A	-0.17%
MATX	B	-0.17%
MMS	B	-0.17%
SKYW	B	-0.17%
ESGR	A	-0.17%
IOT	C	-0.17%
LMAT	B	-0.16%
CEIX	B	-0.16%
NHI	A	-0.16%
VIRT	C	-0.16%
POR	D	-0.16%
PBH	C	-0.16%
ACLS	B	-0.16%
IDA	D	-0.16%
AMKR	B	-0.16%
VSTO	B	-0.15%
NMIH	A	-0.15%
GPOR	C	-0.15%
SANM	B	-0.15%
AX	C	-0.15%
ALE	C	-0.15%
BKH	C	-0.15%
WMG	D	-0.15%
AXNX	B	-0.15%
CTRE	B	-0.15%
INSW	B	-0.15%
WLK	D	-0.15%
ASC	B	-0.15%
ENS	C	-0.15%
LAUR	C	-0.14%
ENVA	B	-0.14%
BNL	B	-0.14%
CVCO	D	-0.14%
GNW	D	-0.14%
CACC	B	-0.14%
AGX	C	-0.14%
KAI	B	-0.14%
MGEE	D	-0.14%
SNEX	B	-0.14%
DAKT	B	-0.14%
CARG	C	-0.14%
DORM	C	-0.14%
ASO	F	-0.14%
OTTR	C	-0.14%
TNK	B	-0.14%
STRA	C	-0.14%
PHIN	C	-0.14%
OSG	A	-0.14%
PRDO	C	-0.13%
JJSF	B	-0.13%
GHC	C	-0.13%
GEO	C	-0.13%
EQC	B	-0.13%
CASH	B	-0.13%
USM	B	-0.13%
GMS	F	-0.13%
SLP	F	-0.13%
SKWD	D	-0.13%
URBN	C	-0.13%
ROAD	D	-0.13%
ALRM	D	-0.13%
PATH	F	-0.13%
PATK	C	-0.13%
ASTH	C	-0.13%
NHC	A	-0.13%
CATY	C	-0.13%
LPG	D	-0.13%
VCEL	D	-0.13%
DIOD	D	-0.13%
PAG	D	-0.13%
ACT	B	-0.12%
PFBC	C	-0.12%
AMRX	C	-0.12%
NWLI	A	-0.12%
FCF	B	-0.12%
CENTA	F	-0.12%
AGM	B	-0.12%
GRBK	C	-0.12%
WABC	C	-0.12%
NSP	F	-0.12%
ANIP	D	-0.12%
GOLF	C	-0.12%
LZB	C	-0.12%
REX	D	-0.12%
HUBG	B	-0.12%
DEI	C	-0.12%
LTC	A	-0.12%
NEU	D	-0.12%
VSH	D	-0.12%
CHCO	B	-0.12%
DDS	C	-0.12%
BTU	C	-0.12%
MSM	F	-0.12%
OFG	B	-0.12%
COLL	D	-0.11%
AMR	C	-0.11%
HSTM	B	-0.11%
NCNO	C	-0.11%
ARCH	C	-0.11%
PLTK	F	-0.11%
INVA	B	-0.11%
FIZZ	B	-0.11%
CTBI	C	-0.11%
SRCE	B	-0.11%
TK	C	-0.11%
OSBC	B	-0.11%
CWAN	C	-0.11%
EVTC	F	-0.11%
USLM	B	-0.11%
PEBO	C	-0.11%
SUPN	F	-0.11%
USPH	F	-0.11%
QCRH	B	-0.11%
MLR	D	-0.11%
OSIS	D	-0.11%
SXI	D	-0.11%
WOR	F	-0.1%
BFST	C	-0.1%
SCS	B	-0.1%
WINA	F	-0.1%
IRMD	B	-0.1%
GRC	B	-0.1%
SCHL	F	-0.1%
NAVI	D	-0.1%
BKE	D	-0.1%
VGR	B	-0.1%
HURN	C	-0.1%
SPOK	C	-0.09%
UVV	F	-0.09%
PLAB	D	-0.09%
JBI	F	-0.09%
BZH	F	-0.09%
MSBI	D	-0.09%
JBSS	D	-0.09%
KFRC	D	-0.09%
ACAD	D	-0.09%
FOR	F	-0.09%
WRLD	D	-0.09%
GSHD	D	-0.09%
ETD	D	-0.09%
HNRG	C	-0.09%
CVI	F	-0.09%
PARR	D	-0.09%
WS	C	-0.09%
MCB	C	-0.09%
THFF	C	-0.09%
EBF	B	-0.09%
CXW	D	-0.09%
CASS	D	-0.09%
AMPH	F	-0.09%
GIII	F	-0.09%
RMR	D	-0.08%
DFH	F	-0.08%
SXC	C	-0.08%
HCKT	D	-0.08%
PLPC	F	-0.08%
BELFB	B	-0.08%
SIRI	C	-0.08%
SWI	B	-0.08%
IMKTA	F	-0.08%
ODC	F	-0.08%
CNXN	D	-0.08%
GNE	D	-0.07%
HVT	F	-0.07%
HE	F	-0.07%
SMLR	C	-0.07%
MITK	D	-0.07%
CWCO	F	-0.07%
IRWD	F	-0.06%
OSUR	F	-0.06%
QTRX	F	-0.06%
NRC	F	-0.06%
GIC	F	-0.06%
OABI	F	-0.06%
LSEA	F	-0.06%
RCMT	F	-0.05%
AMCX	F	-0.05%
MED	F	-0.04%