ESML vs. ISMD ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Inspire Small/Mid Cap Impact ETF (ISMD)

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

ISMD

Inspire Small/Mid Cap Impact ETF

ISMD Description

Inspire Small/Mid Cap Impact ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($1B-$3.5B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap Impact ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

34,879

Number of Holdings ^*

487

* may have additional holdings in another (foreign) market

Performance

Period	ESML	ISMD
30 Days	-2.55%	-2.89%
60 Days	0.18%	-0.03%
90 Days	-2.51%	-1.47%
12 Months	8.74%	8.26%

276 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in ISMD	Overlap
AAON	B	0.19%	0.21%	0.19%
AAT	B	0.06%	0.2%	0.06%
ABCB	B	0.09%	0.21%	0.09%
ABG	D	0.12%	0.2%	0.12%
ABM	B	0.09%	0.23%	0.09%
ACHC	F	0.2%	0.18%	0.18%
ACIW	A	0.12%	0.24%	0.12%
ADUS	B	0.06%	0.23%	0.06%
AEIS	B	0.18%	0.22%	0.18%
AGCO	F	0.16%	0.17%	0.16%
AHH	C	0.05%	0.22%	0.05%
AIN	D	0.05%	0.19%	0.05%
AIR	B	0.07%	0.25%	0.07%
AIT	C	0.1%	0.2%	0.1%
ALSN	C	0.19%	0.19%	0.19%
AMED	A	0.1%	0.21%	0.1%
ANDE	D	0.07%	0.18%	0.07%
ARDX	C	0.04%	0.18%	0.04%
ARW	D	0.09%	0.19%	0.09%
ATI	D	0.16%	0.23%	0.16%
ATR	D	0.23%	0.21%	0.21%
AWI	D	0.2%	0.19%	0.19%
AWR	C	0.05%	0.21%	0.05%
BC	F	0.08%	0.15%	0.08%
BCPC	B	0.13%	0.2%	0.13%
BDC	C	0.19%	0.21%	0.19%
BDN	D	0.05%	0.19%	0.05%
BHE	B	0.17%	0.27%	0.17%
BKU	B	0.04%	0.21%	0.04%
BLD	D	0.32%	0.18%	0.18%
BLKB	C	0.12%	0.22%	0.12%
BMI	D	0.29%	0.24%	0.24%
BRC	B	0.09%	0.23%	0.09%
CABO	F	0.15%	0.17%	0.15%
CACI	B	0.21%	0.24%	0.21%
CAKE	B	0.06%	0.23%	0.06%
CALM	A	0.05%	0.21%	0.05%
CALX	C	0.07%	0.22%	0.07%
CAR	F	0.06%	0.18%	0.06%
CASY	B	0.56%	0.25%	0.25%
CBT	D	0.13%	0.21%	0.13%
CBU	C	0.05%	0.2%	0.05%
CBZ	D	0.06%	0.2%	0.06%
CC	F	0.07%	0.18%	0.07%
CDE	B	0.05%	0.31%	0.05%
CGNX	B	0.15%	0.23%	0.15%
CHE	D	0.13%	0.18%	0.13%
CMC	C	0.23%	0.19%	0.19%
CMCO	F	0.06%	0.16%	0.06%
CMP	F	0.05%	0.14%	0.05%
CNK	A	0.06%	0.25%	0.06%
COKE	A	0.05%	0.26%	0.05%
CPK	C	0.12%	0.21%	0.12%
CR	C	0.18%	0.22%	0.18%
CRUS	A	0.25%	0.29%	0.25%
CRVL	C	0.08%	0.2%	0.08%
CSGS	F	0.09%	0.17%	0.09%
CUBI	C	0.05%	0.18%	0.05%
CVLT	A	0.17%	0.25%	0.17%
CW	C	0.2%	0.22%	0.2%
CYRX	F	0.04%	0.08%	0.04%
CYTK	D	0.14%	0.16%	0.14%
DAN	F	0.05%	0.2%	0.05%
DAR	D	0.19%	0.16%	0.16%
DCI	D	0.27%	0.2%	0.2%
DCO	B	0.05%	0.23%	0.05%
DFIN	D	0.13%	0.2%	0.13%
DGII	D	0.04%	0.15%	0.04%
DRQ	F	0.05%	0.17%	0.05%
ECPG	D	0.11%	0.18%	0.11%
EGP	B	0.23%	0.2%	0.2%
ENR	C	0.07%	0.21%	0.07%
ENSG	B	0.19%	0.2%	0.19%
EPC	B	0.06%	0.22%	0.06%
ERII	F	0.09%	0.17%	0.09%
ESE	D	0.06%	0.2%	0.06%
ESNT	B	0.09%	0.2%	0.09%
ESRT	C	0.07%	0.19%	0.07%
EVR	A	0.1%	0.21%	0.1%
EWBC	C	0.33%	0.19%	0.19%
EXLS	B	0.18%	0.2%	0.18%
EXPO	B	0.06%	0.24%	0.06%
EYE	F	0.08%	0.12%	0.08%
FELE	D	0.22%	0.19%	0.19%
FFBC	C	0.05%	0.2%	0.05%
FFIN	C	0.05%	0.18%	0.05%
FHN	C	0.2%	0.2%	0.2%
FIBK	C	0.14%	0.2%	0.14%
FIX	D	0.34%	0.21%	0.21%
FLO	D	0.11%	0.2%	0.11%
FNA	F	0.04%	0.11%	0.04%
FNB	C	0.06%	0.2%	0.06%
FORM	B	0.05%	0.27%	0.05%
FOXF	C	0.06%	0.19%	0.06%
FR	C	0.09%	0.19%	0.09%
FUL	D	0.12%	0.2%	0.12%
FULT	C	0.12%	0.22%	0.12%
GBCI	C	0.21%	0.19%	0.19%
GERN	B	0.07%	0.28%	0.07%
GKOS	A	0.17%	0.26%	0.17%
GMED	B	0.1%	0.27%	0.1%
GPRE	F	0.03%	0.15%	0.03%
GT	F	0.05%	0.17%	0.05%
GTLS	F	0.16%	0.18%	0.16%
GWRE	A	0.36%	0.24%	0.24%
HAE	D	0.13%	0.2%	0.13%
HAIN	D	0.05%	0.18%	0.05%
HBI	C	0.05%	0.17%	0.05%
HELE	F	0.08%	0.17%	0.08%
HI	F	0.09%	0.17%	0.09%
HIW	B	0.12%	0.2%	0.12%
HL	D	0.04%	0.21%	0.04%
HLIT	B	0.06%	0.18%	0.06%
HNI	C	0.14%	0.21%	0.14%
HPP	F	0.05%	0.15%	0.05%
HQY	A	0.16%	0.21%	0.16%
HWKN	B	0.06%	0.24%	0.06%
HXL	D	0.17%	0.18%	0.17%
IART	C	0.09%	0.17%	0.09%
IBOC	C	0.06%	0.21%	0.06%
IBP	D	0.1%	0.16%	0.1%
ICFI	D	0.08%	0.21%	0.08%
ICUI	C	0.06%	0.23%	0.06%
IDCC	B	0.11%	0.23%	0.11%
INFN	B	0.05%	0.18%	0.05%
IOSP	D	0.15%	0.2%	0.15%
IRDM	F	0.11%	0.21%	0.11%
ITCI	C	0.15%	0.21%	0.15%
ITRI	D	0.19%	0.22%	0.19%
JBGS	B	0.06%	0.2%	0.06%
JBT	F	0.1%	0.19%	0.1%
JELD	F	0.04%	0.13%	0.04%
KAR	C	0.11%	0.2%	0.11%
KBH	C	0.22%	0.2%	0.2%
KBR	D	0.42%	0.21%	0.21%
KMPR	C	0.05%	0.19%	0.05%
KNSL	C	0.19%	0.15%	0.15%
KRC	D	0.1%	0.18%	0.1%
LAD	D	0.17%	0.17%	0.17%
LEA	F	0.13%	0.16%	0.13%
LECO	F	0.23%	0.15%	0.15%
LITE	B	0.07%	0.21%	0.07%
LNN	D	0.09%	0.23%	0.09%
LOPE	C	0.07%	0.21%	0.07%
LPX	D	0.15%	0.2%	0.15%
LSTR	B	0.25%	0.2%	0.2%
LXP	B	0.09%	0.21%	0.09%
MAC	D	0.07%	0.18%	0.07%
MDU	C	0.3%	0.21%	0.21%
MEDP	B	0.18%	0.22%	0.18%
MGRC	D	0.09%	0.18%	0.09%
MHO	D	0.05%	0.18%	0.05%
MKSI	B	0.19%	0.2%	0.19%
MNRO	D	0.05%	0.15%	0.05%
MOD	C	0.14%	0.22%	0.14%
MPW	F	0.06%	0.21%	0.06%
MTG	B	0.25%	0.2%	0.2%
MTH	D	0.17%	0.19%	0.17%
MTRN	F	0.07%	0.17%	0.07%
MTX	B	0.14%	0.23%	0.14%
MTZ	C	0.16%	0.24%	0.16%
MXL	B	0.06%	0.22%	0.06%
MYGN	B	0.05%	0.24%	0.05%
MYRG	F	0.17%	0.16%	0.16%
NBTB	B	0.05%	0.21%	0.05%
NEO	D	0.05%	0.18%	0.05%
NEOG	C	0.06%	0.21%	0.06%
NFG	D	0.21%	0.21%	0.21%
NJR	C	0.25%	0.21%	0.21%
NNN	B	0.19%	0.21%	0.19%
NPO	D	0.13%	0.18%	0.13%
NWL	F	0.07%	0.16%	0.07%
NYCB	F	0.05%	0.2%	0.05%
OEC	F	0.05%	0.2%	0.05%
OGS	C	0.31%	0.2%	0.2%
OHI	A	0.27%	0.22%	0.22%
OII	C	0.07%	0.2%	0.07%
OLED	A	0.11%	0.25%	0.11%
OLLI	A	0.08%	0.26%	0.08%
OMCL	F	0.05%	0.18%	0.05%
OMI	F	0.05%	0.1%	0.05%
ORA	C	0.11%	0.23%	0.11%
PAR	B	0.05%	0.21%	0.05%
PDFS	B	0.07%	0.22%	0.07%
PEGA	C	0.08%	0.19%	0.08%
PFS	D	0.04%	0.2%	0.04%
PI	C	0.07%	0.25%	0.07%
PINC	F	0.13%	0.17%	0.13%
PLUS	C	0.06%	0.19%	0.06%
PLXS	D	0.15%	0.23%	0.15%
POST	C	0.09%	0.2%	0.09%
POWI	F	0.09%	0.2%	0.09%
PRGS	B	0.2%	0.21%	0.2%
PRI	B	0.22%	0.19%	0.19%
PRIM	C	0.11%	0.25%	0.11%
PRO	F	0.05%	0.16%	0.05%
PTCT	C	0.05%	0.25%	0.05%
PTGX	A	0.05%	0.23%	0.05%
QLYS	D	0.05%	0.18%	0.05%
QTWO	C	0.08%	0.24%	0.08%
R	B	0.26%	0.21%	0.21%
RDNT	B	0.08%	0.25%	0.08%
REXR	C	0.39%	0.18%	0.18%
RGA	B	0.31%	0.22%	0.22%
RGLD	C	0.29%	0.21%	0.21%
RHP	D	0.19%	0.18%	0.18%
RLI	D	0.19%	0.2%	0.19%
RNST	C	0.07%	0.2%	0.07%
ROCK	F	0.06%	0.18%	0.06%
ROG	D	0.09%	0.21%	0.09%
RUSHA	F	0.05%	0.16%	0.05%
RYN	D	0.05%	0.18%	0.05%
SAIA	B	0.29%	0.16%	0.16%
SASR	B	0.06%	0.21%	0.06%
SATS	B	0.05%	0.26%	0.05%
SBRA	A	0.07%	0.21%	0.07%
SCI	C	0.27%	0.2%	0.2%
SCL	D	0.12%	0.19%	0.12%
SEM	A	0.06%	0.24%	0.06%
SF	A	0.14%	0.22%	0.14%
SFBS	C	0.05%	0.19%	0.05%
SFM	A	0.32%	0.26%	0.26%
SGH	B	0.06%	0.18%	0.06%
SKT	D	0.06%	0.19%	0.06%
SLAB	F	0.12%	0.16%	0.12%
SM	D	0.05%	0.18%	0.05%
SMTC	C	0.04%	0.22%	0.04%
SNDX	C	0.06%	0.18%	0.06%
SNV	A	0.24%	0.2%	0.2%
SPR	B	0.06%	0.19%	0.06%
SPSC	C	0.19%	0.21%	0.19%
SR	C	0.14%	0.2%	0.14%
SSD	F	0.11%	0.18%	0.11%
SUM	D	0.23%	0.17%	0.17%
SWN	D	0.24%	0.18%	0.18%
SWX	D	0.14%	0.2%	0.14%
SXT	D	0.08%	0.22%	0.08%
TDS	B	0.06%	0.26%	0.06%
THC	B	0.18%	0.27%	0.18%
THO	D	0.13%	0.16%	0.13%
THRM	F	0.06%	0.18%	0.06%
TKR	D	0.06%	0.19%	0.06%
TMHC	D	0.15%	0.18%	0.15%
TNC	D	0.07%	0.17%	0.07%
TOL	D	0.23%	0.18%	0.18%
TPH	D	0.14%	0.2%	0.14%
TPX	D	0.16%	0.17%	0.16%
TREX	F	0.12%	0.16%	0.12%
TRN	C	0.09%	0.22%	0.09%
TTEK	C	0.18%	0.24%	0.18%
TXRH	B	0.1%	0.23%	0.1%
UBSI	D	0.14%	0.18%	0.14%
UFPT	A	0.05%	0.21%	0.05%
UMBF	C	0.21%	0.2%	0.2%
UNIT	F	0.08%	0.1%	0.08%
VAC	F	0.08%	0.16%	0.08%
VC	F	0.12%	0.19%	0.12%
VECO	B	0.2%	0.28%	0.2%
VKTX	D	0.12%	0.13%	0.12%
VLY	D	0.13%	0.17%	0.13%
VMI	B	0.12%	0.25%	0.12%
VRNS	B	0.05%	0.2%	0.05%
VVV	B	0.19%	0.2%	0.19%
WAL	C	0.16%	0.2%	0.16%
WBS	C	0.23%	0.17%	0.17%
WCC	D	0.21%	0.19%	0.19%
WDFC	D	0.1%	0.18%	0.1%
WERN	F	0.13%	0.19%	0.13%
WEX	D	0.27%	0.15%	0.15%
WNC	D	0.06%	0.15%	0.06%
WOLF	F	0.09%	0.16%	0.09%
WTFC	C	0.06%	0.19%	0.06%
WTS	D	0.21%	0.18%	0.18%
XHR	D	0.08%	0.19%	0.08%
XNCR	F	0.04%	0.18%	0.04%
ZION	C	0.16%	0.2%	0.16%

ESML Overweight 625 Positions Relative to ISMD

Symbol	Grade	Weight
JHG	B	0.44%
USFD	C	0.4%
INGR	D	0.37%
FTI	C	0.35%
FLEX	C	0.34%
JLL	B	0.34%
MUSA	B	0.34%
OSK	D	0.32%
FRT	C	0.31%
NTNX	C	0.31%
ONTO	B	0.31%
GPK	D	0.3%
AVT	C	0.3%
SIGI	D	0.3%
CNM	D	0.3%
WMS	D	0.3%
RRC	D	0.29%
BJ	B	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%
XPO	C	0.27%
BWXT	B	0.27%
AMG	D	0.27%
AR	D	0.27%
EHC	B	0.27%
CROX	B	0.26%
WING	A	0.26%
IBKR	A	0.25%
RNR	C	0.25%
FND	F	0.25%
ELF	B	0.25%
NVT	D	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%
HOG	F	0.24%
BFAM	C	0.23%
COHR	B	0.23%
FCN	C	0.23%
ESTC	B	0.23%
ARMK	B	0.23%
WWD	C	0.23%
RHI	F	0.22%
PNFP	C	0.22%
CUBE	B	0.22%
SSB	D	0.22%
MWA	C	0.22%
DTM	A	0.22%
WSC	F	0.22%
NTRA	B	0.22%
SNDR	B	0.22%
FTDR	C	0.21%
ALK	D	0.21%
UNM	C	0.21%
NOV	C	0.21%
PVH	F	0.21%
MSA	B	0.21%
MOG.A	D	0.21%
PR	C	0.21%
NOVT	C	0.21%
GPI	D	0.2%
CDP	A	0.2%
OMF	D	0.2%
NSIT	B	0.2%
WHR	C	0.2%
CHX	C	0.2%
REZI	D	0.2%
GATX	C	0.2%
CBSH	C	0.2%
CNX	D	0.2%
DLB	C	0.2%
ANF	B	0.2%
HRB	A	0.2%
HHH	F	0.19%
FN	B	0.19%
LFUS	C	0.19%
FRPT	B	0.19%
KLIC	B	0.19%
NYT	A	0.19%
AVA	C	0.19%
BWA	F	0.19%
RRX	F	0.19%
SITE	F	0.19%
PCVX	B	0.19%
VOYA	D	0.19%
MUR	D	0.18%
FMC	D	0.18%
CMA	C	0.18%
ASGN	D	0.18%
AA	C	0.18%
AXS	B	0.18%
SPXC	B	0.18%
TGNA	D	0.18%
VNT	D	0.18%
PLNT	B	0.18%
NCLH	B	0.18%
WK	F	0.18%
BERY	D	0.18%
GNRC	D	0.18%
CUZ	D	0.18%
ZWS	D	0.18%
PDCO	F	0.18%
ENLC	A	0.18%
PCH	F	0.18%
TKO	B	0.17%
VFC	D	0.17%
RMBS	C	0.17%
M	D	0.17%
HRI	F	0.17%
BRKR	F	0.17%
MORN	B	0.17%
KOS	D	0.17%
THG	C	0.16%
X	C	0.16%
JAZZ	F	0.16%
FSS	D	0.16%
NXT	D	0.16%
GPS	B	0.16%
BCC	F	0.16%
CNO	B	0.16%
ONB	C	0.16%
AM	B	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%
ETRN	D	0.15%
SLM	C	0.15%
ESI	B	0.15%
YETI	D	0.15%
PCOR	D	0.15%
CHDN	B	0.15%
ATKR	F	0.15%
GXO	D	0.15%
FIVE	F	0.15%
ASB	C	0.15%
FAF	D	0.15%
MMSI	A	0.14%
GME	C	0.14%
MAT	F	0.14%
WTM	C	0.14%
LCII	F	0.14%
FLS	D	0.14%
AZEK	D	0.14%
BECN	D	0.14%
KNTK	A	0.14%
SON	F	0.14%
ITGR	D	0.14%
EPRT	A	0.14%
ACA	D	0.13%
CADE	C	0.13%
WH	C	0.13%
OZK	D	0.13%
TDC	D	0.13%
SHOO	C	0.13%
GTLB	C	0.13%
HASI	C	0.13%
BOX	C	0.13%
DBX	D	0.13%
OPCH	F	0.13%
KTB	D	0.13%
RYAN	B	0.13%
OGN	C	0.13%
AVAV	C	0.13%
APPF	B	0.13%
AGNC	B	0.13%
EPAC	C	0.12%
FTAI	A	0.12%
ZI	F	0.12%
PFSI	B	0.12%
BRX	B	0.12%
WGO	F	0.12%
BANR	B	0.12%
SMAR	B	0.12%
HALO	A	0.12%
SITC	B	0.12%
EVRI	C	0.12%
DXC	C	0.12%
ORI	D	0.12%
JXN	B	0.12%
GL	C	0.11%
KNF	D	0.11%
KD	B	0.11%
CRSP	D	0.11%
FYBR	B	0.11%
TENB	D	0.11%
SIG	F	0.11%
EAT	B	0.11%
TRNO	B	0.11%
AL	D	0.11%
DV	D	0.11%
SOFI	F	0.11%
STWD	D	0.11%
LNTH	B	0.11%
XENE	D	0.11%
ADT	B	0.11%
IBCP	C	0.11%
BHLB	C	0.11%
CIVI	D	0.1%
BPMC	A	0.1%
WEN	F	0.1%
MARA	B	0.1%
NXST	C	0.1%
CRC	B	0.1%
CVBF	C	0.1%
MRCY	D	0.1%
AAP	F	0.1%
XPRO	B	0.1%
CPF	A	0.1%
DY	B	0.1%
DNLI	B	0.1%
MODG	D	0.1%
DUOL	D	0.1%
LYFT	D	0.1%
PBF	D	0.1%
SJW	D	0.1%
ADC	B	0.1%
LNC	B	0.1%
LRN	B	0.1%
FA	D	0.1%
AEO	F	0.1%
ST	D	0.1%
FLR	B	0.1%
AMN	F	0.1%
WHD	B	0.1%
ALKS	C	0.1%
TNET	F	0.1%
SONO	F	0.09%
INSP	F	0.09%
AZTA	D	0.09%
FIVN	D	0.09%
IDYA	F	0.09%
AN	C	0.09%
HR	B	0.09%
RXO	B	0.09%
KFY	B	0.09%
BXMT	D	0.09%
RDUS	F	0.09%
RDN	B	0.09%
W	F	0.09%
BILL	F	0.09%
ENOV	F	0.09%
EFSC	B	0.09%
AROC	C	0.09%
COLB	C	0.09%
PSN	B	0.09%
HWC	C	0.09%
TMDX	B	0.09%
TEX	D	0.09%
CRS	B	0.09%
VRNT	B	0.09%
S	C	0.09%
STRL	C	0.09%
LEG	F	0.09%
ZD	F	0.09%
KOP	F	0.09%
WU	D	0.09%
APAM	D	0.09%
HCP	A	0.09%
AUB	C	0.09%
TNDM	D	0.08%
NARI	C	0.08%
WOOF	C	0.08%
CCS	D	0.08%
CRNX	C	0.08%
FL	D	0.08%
DRS	B	0.08%
PJT	A	0.08%
ARWR	C	0.08%
PRGO	D	0.08%
KE	F	0.08%
CAC	B	0.08%
PLYA	D	0.08%
KRYS	B	0.08%
FBP	A	0.08%
CFR	C	0.08%
ALTM	F	0.08%
CTS	D	0.08%
GH	B	0.08%
PGNY	D	0.08%
BHVN	D	0.08%
BPOP	C	0.08%
VITL	B	0.08%
AZZ	D	0.08%
CLNE	D	0.08%
IMAX	B	0.08%
SEE	F	0.08%
CCCS	D	0.08%
JEF	A	0.08%
AMAL	A	0.08%
MAN	D	0.08%
MTSI	B	0.08%
PRKS	B	0.08%
XRAY	F	0.08%
HIMS	B	0.08%
STC	C	0.08%
SPB	D	0.08%
ALG	F	0.08%
MOV	D	0.08%
TROX	D	0.08%
RL	C	0.08%
SLG	B	0.08%
BRBR	C	0.08%
HGV	D	0.07%
HZO	C	0.07%
PIPR	A	0.07%
WD	C	0.07%
FTRE	D	0.07%
TALO	D	0.07%
MODN	B	0.07%
BOOT	B	0.07%
LCID	F	0.07%
PRCT	C	0.07%
CPRI	D	0.07%
AVNT	D	0.07%
GO	D	0.07%
TWST	B	0.07%
CERE	C	0.07%
MIR	B	0.07%
RUN	D	0.07%
PD	B	0.07%
AMWD	F	0.07%
KSS	F	0.07%
VREX	F	0.07%
CLVT	F	0.07%
PK	C	0.07%
APG	C	0.07%
NRIX	B	0.07%
CLSK	B	0.07%
CHH	B	0.07%
FROG	C	0.07%
NEP	F	0.07%
BOH	C	0.07%
CAVA	A	0.07%
BL	D	0.07%
KTOS	C	0.07%
NTLA	D	0.07%
SHAK	D	0.07%
PLMR	C	0.07%
MRUS	B	0.07%
VRRM	B	0.07%
NWN	F	0.07%
COLD	C	0.07%
PRVA	D	0.07%
LBRDA	C	0.07%
ENV	D	0.07%
CWEN	D	0.07%
IRON	C	0.07%
CRDO	B	0.07%
RNA	A	0.07%
DEA	B	0.07%
COLM	D	0.07%
RVMD	C	0.07%
LEVI	D	0.07%
SG	B	0.06%
PDM	B	0.06%
POWL	D	0.06%
WT	B	0.06%
SPT	D	0.06%
CRI	F	0.06%
VRTS	C	0.06%
IVR	B	0.06%
BWIN	A	0.06%
AGO	B	0.06%
MNKD	B	0.06%
VERX	A	0.06%
DYN	B	0.06%
WKC	B	0.06%
SMPL	D	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%
PTEN	F	0.06%
CLH	B	0.06%
HIBB	A	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%
RAMP	C	0.06%
MLNK	B	0.06%
NTGR	B	0.06%
TBBK	B	0.06%
JWN	B	0.06%
YELP	F	0.06%
CLDX	C	0.06%
GTES	D	0.06%
ACVA	D	0.06%
MGNI	B	0.06%
AGL	D	0.06%
INDB	D	0.06%
TMCI	F	0.06%
OUT	C	0.06%
KREF	F	0.06%
ROIV	C	0.06%
PRTA	F	0.06%
VSEC	B	0.06%
AVDX	B	0.06%
CWK	C	0.06%
BANC	D	0.06%
RXST	D	0.06%
ZEUS	F	0.06%
PECO	C	0.06%
RARE	D	0.06%
UNFI	C	0.06%
GVA	B	0.06%
AIRC	A	0.06%
NABL	B	0.06%
VVX	D	0.06%
XRX	F	0.06%
CLB	B	0.06%
INFA	B	0.06%
VSCO	F	0.05%
SIBN	D	0.05%
JAMF	D	0.05%
BRY	D	0.05%
ASAN	D	0.05%
ARVN	D	0.05%
QS	F	0.05%
DOCN	C	0.05%
MTDR	D	0.05%
LESL	F	0.05%
MTUS	D	0.05%
OFIX	F	0.05%
LGF.A	C	0.05%
DK	D	0.05%
UPST	F	0.05%
MYE	F	0.05%
ARQT	B	0.05%
ASTE	F	0.05%
SEDG	F	0.05%
JANX	C	0.05%
NUVB	C	0.05%
CWT	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%
CNMD	F	0.05%
AXL	F	0.05%
FRSH	D	0.05%
MRC	C	0.05%
HAYW	F	0.05%
KYMR	D	0.05%
VAL	C	0.05%
KVYO	B	0.05%
MTTR	C	0.05%
UEC	F	0.05%
CCOI	D	0.05%
VBTX	C	0.05%
HCC	A	0.05%
ZUO	C	0.05%
ETWO	C	0.05%
EMBC	D	0.05%
PRAA	F	0.05%
BRZE	C	0.05%
ARCT	F	0.05%
HLX	A	0.05%
SMP	F	0.05%
RH	D	0.05%
DAWN	D	0.05%
VYX	D	0.05%
ATEN	C	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%
DIN	F	0.05%
RXRX	F	0.05%
MEG	C	0.05%
MLKN	C	0.05%
NBHC	A	0.05%
SLVM	C	0.05%
CPRX	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%
PRLB	F	0.05%
PSMT	D	0.05%
GOGO	D	0.05%
VNOM	C	0.05%
BGC	C	0.05%
KURA	C	0.05%
ETNB	F	0.05%
ZYME	D	0.05%
STAA	B	0.05%
SBH	D	0.05%
APLS	F	0.05%
RCUS	F	0.05%
PNTG	B	0.05%
PLOW	F	0.05%
VSTS	F	0.05%
ASH	D	0.05%
B	B	0.05%
CAL	D	0.05%
FLGT	F	0.05%
MORF	B	0.05%
VVI	D	0.05%
PAHC	B	0.05%
CLW	C	0.05%
REVG	C	0.05%
FLYW	F	0.05%
VCTR	D	0.05%
TILE	D	0.05%
CCRN	F	0.05%
PGRE	D	0.05%
AMC	C	0.05%
BYD	F	0.05%
AXSM	B	0.05%
AGYS	A	0.05%
VRDN	D	0.05%
SWTX	C	0.05%
EE	B	0.05%
DOCS	B	0.05%
MMI	F	0.05%
MLTX	C	0.05%
ALHC	B	0.05%
DNOW	C	0.05%
ARCB	D	0.05%
LBTYK	C	0.05%
GEF	F	0.05%
PRG	D	0.05%
PLAY	F	0.05%
CECO	B	0.05%
EDR	A	0.05%
GBX	D	0.05%
MQ	C	0.05%
ICHR	C	0.05%
AORT	A	0.05%
ATGE	A	0.05%
EVBG	B	0.05%
TDOC	F	0.05%
EGY	C	0.05%
KELYA	D	0.05%
DLX	B	0.05%
ARRY	F	0.05%
CATC	B	0.05%
EWCZ	F	0.05%
LBPH	B	0.05%
TGI	B	0.05%
PYCR	D	0.05%
UAA	D	0.05%
CWEN	D	0.05%
KROS	F	0.05%
ATRC	D	0.05%
COOP	D	0.05%
CRAI	B	0.05%
INTA	B	0.05%
MBUU	F	0.05%
GEF	F	0.05%
PHAT	C	0.05%
THS	C	0.05%
XPEL	F	0.05%
MASI	D	0.05%
AI	B	0.05%
FOUR	B	0.05%
ACLX	B	0.05%
CXM	D	0.04%
AMBC	F	0.04%
SYM	D	0.04%
CHGG	F	0.04%
CGEM	D	0.04%
PLRX	F	0.04%
ESTA	D	0.04%
APGE	D	0.04%
NFE	F	0.04%
OSCR	D	0.04%
PLUG	F	0.04%
TARS	C	0.04%
HAFC	B	0.04%
TXG	F	0.04%
KLG	F	0.04%
IESC	C	0.04%
MTW	F	0.04%
CERT	F	0.04%
COMP	D	0.04%
RIG	F	0.04%
NVCR	D	0.04%
FSLY	F	0.04%
ALEC	F	0.04%
LUMN	D	0.04%
QDEL	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%
PBI	A	0.03%
GDOT	F	0.01%
MC	A	0.01%

ESML Underweight 211 Positions Relative to ISMD

Symbol	Grade	Weight
ADMA	A	-0.34%
AGIO	B	-0.31%
BLBD	B	-0.3%
PRFT	B	-0.28%
AMRC	D	-0.27%
TTMI	B	-0.26%
SLCA	B	-0.26%
PLSE	B	-0.26%
BCRX	B	-0.25%
NXRT	B	-0.25%
AMKR	B	-0.25%
JJSF	B	-0.24%
NHC	A	-0.24%
IRT	A	-0.24%
VSTO	B	-0.24%
MATX	B	-0.24%
WTTR	B	-0.24%
DMRC	C	-0.24%
CARS	B	-0.24%
NHI	A	-0.23%
LPG	D	-0.23%
HLIO	D	-0.23%
ENS	B	-0.23%
HTGC	A	-0.23%
SBOW	B	-0.23%
BCO	B	-0.23%
WIRE	A	-0.23%
TWKS	D	-0.23%
NMIH	A	-0.22%
MMS	C	-0.22%
KN	B	-0.22%
AKR	A	-0.22%
ALE	B	-0.22%
SLRC	B	-0.22%
EME	C	-0.22%
TRUP	B	-0.22%
HLF	D	-0.22%
NNI	C	-0.22%
ANET	A	-0.22%
BY	A	-0.22%
ATSG	D	-0.21%
HUBG	B	-0.21%
TFSL	C	-0.21%
VCYT	C	-0.21%
SRCE	B	-0.21%
LAMR	A	-0.21%
BKH	C	-0.21%
FBK	C	-0.21%
IDA	D	-0.21%
PEBO	C	-0.21%
PSEC	B	-0.21%
MANH	B	-0.21%
MSEX	D	-0.21%
FCPT	B	-0.21%
RBCAA	C	-0.21%
MCY	C	-0.21%
RWT	B	-0.21%
DIOD	F	-0.21%
SPWR	D	-0.21%
NWLI	A	-0.21%
CHCO	B	-0.21%
TTC	B	-0.21%
HTLD	C	-0.21%
ALX	B	-0.21%
STBA	B	-0.21%
KRG	B	-0.21%
CTRE	C	-0.21%
TDW	D	-0.21%
EQC	B	-0.21%
BURL	B	-0.21%
MBWM	B	-0.21%
OGE	D	-0.21%
MCBS	B	-0.21%
DDS	D	-0.2%
EXEL	B	-0.2%
IBTX	B	-0.2%
UTI	C	-0.2%
GNW	D	-0.2%
PCRX	D	-0.2%
NVEE	F	-0.2%
SAH	D	-0.2%
TRS	D	-0.2%
DEI	C	-0.2%
UCBI	D	-0.2%
MGEE	D	-0.2%
COHU	C	-0.2%
ENVA	C	-0.2%
UMH	A	-0.2%
PBH	B	-0.2%
TOWN	C	-0.2%
HOMB	C	-0.2%
JKHY	C	-0.2%
NMFC	C	-0.2%
G	D	-0.2%
NWBI	B	-0.2%
HTH	C	-0.2%
WABC	C	-0.2%
PRA	F	-0.2%
LZB	B	-0.2%
ROIC	C	-0.2%
NBIX	C	-0.2%
TCBI	C	-0.2%
WMK	D	-0.2%
LAUR	C	-0.2%
VSH	F	-0.2%
BUSE	C	-0.2%
FCF	C	-0.2%
OSIS	D	-0.2%
UNF	B	-0.2%
PNM	D	-0.2%
BANF	C	-0.2%
IMKTA	F	-0.19%
ARI	D	-0.19%
SEIC	D	-0.19%
HMN	D	-0.19%
RPM	D	-0.19%
AEHR	F	-0.19%
KAI	B	-0.19%
LKFN	C	-0.19%
FFIV	C	-0.19%
LANC	C	-0.19%
FMNB	C	-0.19%
ACRE	D	-0.19%
CODI	D	-0.19%
HOPE	C	-0.19%
SAFT	D	-0.19%
PATK	C	-0.19%
MKTX	F	-0.19%
JBSS	D	-0.19%
PB	C	-0.19%
DHIL	D	-0.19%
WSBC	C	-0.19%
SPTN	F	-0.19%
SHEN	C	-0.19%
AGM	C	-0.19%
GHC	D	-0.19%
DOC	B	-0.19%
IPGP	F	-0.19%
SBSI	C	-0.19%
NGVT	F	-0.19%
GNTX	D	-0.19%
SCHL	D	-0.19%
CNS	B	-0.19%
TTGT	B	-0.19%
FRME	C	-0.19%
JOE	D	-0.19%
KMT	F	-0.19%
PMT	D	-0.19%
EIG	C	-0.19%
GRBK	B	-0.19%
BFS	C	-0.19%
WRLD	D	-0.18%
NTCT	D	-0.18%
GGG	D	-0.18%
IPAR	D	-0.18%
FOLD	F	-0.18%
DRH	D	-0.18%
ALRM	D	-0.18%
KFRC	D	-0.18%
OXM	D	-0.18%
MSTR	C	-0.18%
SXI	D	-0.18%
AMSF	F	-0.18%
CHCT	F	-0.18%
PLAB	F	-0.18%
SFNC	C	-0.18%
SMCI	C	-0.18%
SLGN	D	-0.18%
KNX	C	-0.18%
GFF	D	-0.18%
CENT	F	-0.18%
HE	F	-0.17%
HCAT	F	-0.17%
RES	F	-0.17%
NEU	D	-0.17%
RLJ	F	-0.17%
MATW	F	-0.17%
IBUY	D	-0.17%
GMS	F	-0.17%
SGRY	F	-0.17%
KWR	F	-0.17%
LOB	D	-0.17%
PUBM	C	-0.17%
RILY	F	-0.17%
NSP	F	-0.17%
ACCO	F	-0.17%
JACK	F	-0.16%
LGIH	F	-0.16%
TTI	D	-0.16%
GSAT	D	-0.16%
PII	F	-0.16%
NUS	F	-0.16%
ETD	D	-0.16%
ASIX	F	-0.16%
EXP	F	-0.16%
PZZA	F	-0.15%
IRWD	F	-0.15%
VSAT	F	-0.15%
ANGI	D	-0.15%
LSCC	F	-0.15%
NX	F	-0.15%
ALGT	F	-0.14%
PARR	D	-0.14%
ACCD	F	-0.13%
FWRD	D	-0.13%
SAGE	F	-0.12%
RVNC	F	-0.11%
FCEL	F	-0.11%
ALXO	F	-0.11%
MED	F	-0.11%
CENTA	D	-0.03%