ESML vs. IUSG ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares Core U.S. Growth ETF (IUSG)

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

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$127.50

Average Daily Volume

366,145

Number of Holdings ^*

472

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IUSG
30 Days	-2.33%	5.33%
60 Days	0.47%	11.60%
90 Days	-4.55%	8.67%
12 Months	12.54%	35.56%

178 Overlapping Holdings

	Symbol	Grade	Weight in ESML	Weight in IUSG	Overlap
	AAON	C	0.19%	0.02%	0.02%
	ACHC	D	0.2%	0.02%	0.02%
	AIT	C	0.1%	0.03%	0.03%
	ALTM	F	0.08%	0.01%	0.01%
	ALV	D	0.04%	0.02%	0.02%
	AM	A	0.16%	0.01%	0.01%
	AMED	F	0.1%	0.0%	0.0%
	APPF	B	0.13%	0.02%	0.02%
	ARWR	C	0.08%	0.01%	0.01%
	ATR	C	0.23%	0.02%	0.02%
	AXTA	C	0.28%	0.03%	0.03%
	AYI	D	0.28%	0.01%	0.01%
	AZTA	C	0.09%	0.01%	0.01%
	BC	F	0.08%	0.01%	0.01%
	BLD	D	0.32%	0.04%	0.04%
	BLKB	D	0.12%	0.01%	0.01%
	BRBR	C	0.08%	0.01%	0.01%
	BRKR	F	0.17%	0.01%	0.01%
	BRX	B	0.12%	0.01%	0.01%
	BWXT	B	0.27%	0.03%	0.03%
	BYD	D	0.05%	0.01%	0.01%
	CACI	A	0.21%	0.01%	0.01%
	CAR	D	0.06%	0.01%	0.01%
	CASY	B	0.56%	0.05%	0.05%
	CBSH	C	0.2%	0.01%	0.01%
	CBT	D	0.13%	0.01%	0.01%
	CDP	B	0.2%	0.0%	0.0%
	CFR	D	0.08%	0.01%	0.01%
	CGNX	B	0.15%	0.01%	0.01%
	CHDN	A	0.15%	0.03%	0.03%
	CHE	D	0.13%	0.02%	0.02%
	CHH	B	0.07%	0.01%	0.01%
	CHX	C	0.2%	0.02%	0.02%
	CIEN	D	0.15%	0.01%	0.01%
	CIVI	D	0.1%	0.02%	0.02%
	CLH	A	0.06%	0.04%	0.04%
	CNM	D	0.3%	0.02%	0.02%
	CNX	C	0.2%	0.01%	0.01%
	COKE	A	0.05%	0.02%	0.02%
	COLM	C	0.07%	0.0%	0.0%
	CPRI	F	0.07%	0.01%	0.01%
	CR	B	0.18%	0.03%	0.03%
	CROX	B	0.26%	0.03%	0.03%
	CRUS	A	0.25%	0.01%	0.01%
	CUBE	B	0.22%	0.02%	0.02%
	CVLT	A	0.17%	0.01%	0.01%
	CW	B	0.2%	0.02%	0.02%
	CYTK	F	0.14%	0.01%	0.01%
	DBX	D	0.13%	0.02%	0.02%
	DCI	D	0.27%	0.02%	0.02%
	DLB	F	0.2%	0.01%	0.01%
	DOCS	C	0.05%	0.01%	0.01%
	DTM	A	0.22%	0.02%	0.02%
	DUOL	B	0.1%	0.03%	0.03%
	EGP	C	0.23%	0.02%	0.02%
	EHC	B	0.27%	0.01%	0.01%
	ELF	B	0.25%	0.04%	0.04%
	EPR	C	0.06%	0.01%	0.01%
	ETRN	C	0.15%	0.01%	0.01%
	EVR	B	0.1%	0.02%	0.02%
	EWBC	C	0.33%	0.02%	0.02%
	EXLS	C	0.18%	0.01%	0.01%
	EXPO	B	0.06%	0.01%	0.01%
	FCN	C	0.23%	0.03%	0.03%
	FFIN	D	0.05%	0.01%	0.01%
	FIVE	F	0.15%	0.02%	0.02%
	FIX	C	0.34%	0.04%	0.04%
	FLS	C	0.14%	0.01%	0.01%
	FND	D	0.25%	0.04%	0.04%
	FR	C	0.09%	0.01%	0.01%
	GATX	C	0.2%	0.01%	0.01%
	GNRC	D	0.18%	0.02%	0.02%
	GTLS	C	0.16%	0.02%	0.02%
	GXO	F	0.15%	0.01%	0.01%
	HAE	D	0.13%	0.01%	0.01%
	HALO	A	0.12%	0.02%	0.02%
	HGV	D	0.07%	0.01%	0.01%
	HQY	B	0.16%	0.01%	0.01%
	HRB	A	0.2%	0.03%	0.03%
	HWC	C	0.09%	0.01%	0.01%
	HXL	D	0.17%	0.01%	0.01%
	IBKR	B	0.25%	0.03%	0.03%
	IBOC	C	0.06%	0.0%	0.0%
	INGR	D	0.37%	0.01%	0.01%
	IRDM	F	0.11%	0.01%	0.01%
	ITT	D	0.28%	0.04%	0.04%
	JAZZ	F	0.16%	0.01%	0.01%
	KBH	B	0.22%	0.01%	0.01%
	KBR	C	0.42%	0.01%	0.01%
	KNF	C	0.11%	0.01%	0.01%
	KNSL	F	0.19%	0.03%	0.03%
	LECO	F	0.23%	0.04%	0.04%
	LFUS	C	0.19%	0.02%	0.02%
	LIVN	C	0.05%	0.0%	0.0%
	LNTH	B	0.11%	0.02%	0.02%
	LNW	B	0.24%	0.03%	0.03%
	LOPE	D	0.07%	0.01%	0.01%
	LPX	C	0.15%	0.01%	0.01%
	LSTR	B	0.25%	0.02%	0.02%
	MASI	B	0.05%	0.01%	0.01%
	MAT	F	0.14%	0.01%	0.01%
	MEDP	B	0.18%	0.03%	0.03%
	MKSI	B	0.19%	0.01%	0.01%
	MORN	C	0.17%	0.03%	0.03%
	MSA	C	0.21%	0.02%	0.02%
	MTDR	D	0.05%	0.02%	0.02%
	MTG	B	0.25%	0.01%	0.01%
	MTN	F	0.24%	0.02%	0.02%
	MTSI	B	0.08%	0.01%	0.01%
	MUR	D	0.18%	0.01%	0.01%
	MUSA	A	0.34%	0.03%	0.03%
	NCLH	B	0.18%	0.03%	0.03%
	NNN	B	0.19%	0.01%	0.01%
	NOVT	C	0.21%	0.01%	0.01%
	NVT	C	0.24%	0.05%	0.05%
	NYT	B	0.19%	0.03%	0.03%
	OHI	A	0.27%	0.01%	0.01%
	OLED	B	0.11%	0.03%	0.03%
	OLLI	B	0.08%	0.02%	0.02%
	ONTO	B	0.31%	0.04%	0.04%
	OPCH	D	0.13%	0.01%	0.01%
	OZK	D	0.13%	0.01%	0.01%
	PEN	F	0.15%	0.02%	0.02%
	PGNY	F	0.08%	0.01%	0.01%
	PK	D	0.07%	0.01%	0.01%
	PLNT	B	0.18%	0.02%	0.02%
	PNFP	D	0.22%	0.01%	0.01%
	POWI	D	0.09%	0.01%	0.01%
	PR	C	0.21%	0.03%	0.03%
	PRI	B	0.22%	0.03%	0.03%
	QLYS	D	0.05%	0.02%	0.02%
	REXR	C	0.39%	0.01%	0.01%
	RGLD	C	0.29%	0.02%	0.02%
	RH	F	0.05%	0.01%	0.01%
	RL	B	0.08%	0.01%	0.01%
	RLI	D	0.19%	0.01%	0.01%
	RMBS	F	0.17%	0.02%	0.02%
	RNR	B	0.25%	0.02%	0.02%
	ROIV	C	0.06%	0.01%	0.01%
	RRC	D	0.29%	0.03%	0.03%
	RYN	C	0.05%	0.01%	0.01%
	SAIA	B	0.29%	0.04%	0.04%
	SCI	B	0.27%	0.02%	0.02%
	SFM	A	0.32%	0.01%	0.01%
	SHC	C	0.06%	0.01%	0.01%
	SIGI	F	0.3%	0.01%	0.01%
	SLAB	F	0.12%	0.01%	0.01%
	SLM	C	0.15%	0.01%	0.01%
	SRPT	B	0.29%	0.03%	0.03%
	SSD	D	0.11%	0.03%	0.03%
	SWN	D	0.24%	0.03%	0.03%
	TDC	D	0.13%	0.01%	0.01%
	TEX	D	0.09%	0.01%	0.01%
	TKO	B	0.17%	0.01%	0.01%
	TKR	D	0.06%	0.01%	0.01%
	TNL	B	0.15%	0.01%	0.01%
	TOL	D	0.23%	0.04%	0.04%
	TPX	D	0.16%	0.03%	0.03%
	TREX	F	0.12%	0.03%	0.03%
	TTEK	B	0.18%	0.04%	0.04%
	TXRH	A	0.1%	0.04%	0.04%
	VAL	C	0.05%	0.02%	0.02%
	VC	F	0.12%	0.0%	0.0%
	VNT	D	0.18%	0.02%	0.02%
	VOYA	B	0.19%	0.01%	0.01%
	VVV	B	0.19%	0.02%	0.02%
	WEN	F	0.1%	0.01%	0.01%
	WEX	D	0.27%	0.03%	0.03%
	WFRD	C	0.24%	0.03%	0.03%
	WH	C	0.13%	0.01%	0.01%
	WING	B	0.26%	0.04%	0.04%
	WMS	C	0.3%	0.04%	0.04%
	WOLF	D	0.09%	0.0%	0.0%
	WTS	D	0.21%	0.02%	0.02%
	WWD	B	0.23%	0.04%	0.04%
	XPO	D	0.27%	0.02%	0.02%
	YETI	C	0.15%	0.01%	0.01%
	ZI	F	0.12%	0.0%	0.0%

ESML Overweight 723 Positions Relative to IUSG

	Symbol	Grade	Weight
	JHG	B	0.44%
	USFD	A	0.4%
	GWRE	A	0.36%
	FTI	C	0.35%
	FLEX	C	0.34%
	JLL	B	0.34%
	OSK	D	0.32%
	OGS	D	0.31%
	FRT	D	0.31%
	RGA	B	0.31%
	NTNX	C	0.31%
	MDU	A	0.3%
	GPK	C	0.3%
	AVT	B	0.3%
	BMI	C	0.29%
	BJ	A	0.29%
	HAS	C	0.28%
	UGI	D	0.28%
	AMG	C	0.27%
	AR	B	0.27%
	R	B	0.26%
	NJR	C	0.25%
	SNV	C	0.24%
	IVZ	C	0.24%
	TPR	C	0.24%
	ELAN	B	0.24%
	CVNA	A	0.24%
	HOG	F	0.24%
	CMC	C	0.23%
	SUM	D	0.23%
	BFAM	C	0.23%
	COHR	B	0.23%
	WBS	D	0.23%
	ESTC	C	0.23%
	ARMK	A	0.23%
	RHI	D	0.22%
	SSB	D	0.22%
	MWA	B	0.22%
	WSC	F	0.22%
	FELE	D	0.22%
	NTRA	B	0.22%
	SNDR	C	0.22%
	FTDR	C	0.21%
	NFG	C	0.21%
	ALK	D	0.21%
	UNM	C	0.21%
	UMBF	C	0.21%
	NOV	C	0.21%
	PVH	C	0.21%
	MOG.A	C	0.21%
	WCC	D	0.21%
	GBCI	D	0.21%
	PRGS	F	0.2%
	GPI	C	0.2%
	AWI	D	0.2%
	VECO	B	0.2%
	OMF	D	0.2%
	NSIT	B	0.2%
	WHR	F	0.2%
	REZI	D	0.2%
	FHN	C	0.2%
	ANF	C	0.2%
	HHH	D	0.19%
	DAR	D	0.19%
	ITRI	C	0.19%
	FN	B	0.19%
	ALSN	C	0.19%
	FRPT	B	0.19%
	SPSC	B	0.19%
	ENSG	B	0.19%
	KLIC	C	0.19%
	AVA	D	0.19%
	BDC	B	0.19%
	BWA	F	0.19%
	RRX	F	0.19%
	SITE	F	0.19%
	PCVX	B	0.19%
	RHP	D	0.19%
	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%
	WK	F	0.18%
	BERY	C	0.18%
	CUZ	D	0.18%
	ZWS	D	0.18%
	THC	B	0.18%
	PDCO	D	0.18%
	ENLC	C	0.18%
	AEIS	C	0.18%
	PCH	F	0.18%
	VFC	C	0.17%
	MYRG	D	0.17%
	GKOS	B	0.17%
	MTH	D	0.17%
	BHE	C	0.17%
	M	C	0.17%
	HRI	D	0.17%
	LAD	F	0.17%
	KOS	D	0.17%
	THG	D	0.16%
	X	F	0.16%
	FSS	D	0.16%
	ATI	D	0.16%
	NXT	C	0.16%
	GPS	C	0.16%
	BCC	D	0.16%
	CNO	C	0.16%
	MTZ	B	0.16%
	ZION	C	0.16%
	WAL	C	0.16%
	ONB	C	0.16%
	AGCO	F	0.16%
	AFRM	B	0.15%
	HESM	A	0.15%
	IOSP	D	0.15%
	ALTR	B	0.15%
	INSM	A	0.15%
	ESI	B	0.15%
	TMHC	D	0.15%
	PLXS	C	0.15%
	PCOR	D	0.15%
	CABO	F	0.15%
	ATKR	F	0.15%
	ITCI	B	0.15%
	ASB	D	0.15%
	FAF	D	0.15%
	MMSI	B	0.14%
	GME	C	0.14%
	FIBK	C	0.14%
	MOD	C	0.14%
	TPH	D	0.14%
	SR	C	0.14%
	SF	B	0.14%
	HNI	C	0.14%
	WTM	B	0.14%
	LCII	F	0.14%
	SWX	C	0.14%
	AZEK	D	0.14%
	BECN	C	0.14%
	KNTK	A	0.14%
	SON	D	0.14%
	UBSI	D	0.14%
	ITGR	D	0.14%
	EPRT	B	0.14%
	MTX	B	0.14%
	ACA	C	0.13%
	VLY	F	0.13%
	PINC	F	0.13%
	CADE	C	0.13%
	SHOO	B	0.13%
	WERN	F	0.13%
	DFIN	C	0.13%
	GTLB	F	0.13%
	HASI	C	0.13%
	BCPC	B	0.13%
	BOX	D	0.13%
	LEA	F	0.13%
	KTB	B	0.13%
	RYAN	B	0.13%
	OGN	B	0.13%
	AVAV	C	0.13%
	NPO	D	0.13%
	AGNC	A	0.13%
	THO	F	0.13%
	FULT	C	0.12%
	EPAC	B	0.12%
	FTAI	A	0.12%
	FUL	C	0.12%
	PFSI	B	0.12%
	WGO	F	0.12%
	ABG	C	0.12%
	BANR	B	0.12%
	SMAR	B	0.12%
	VMI	B	0.12%
	SITC	B	0.12%
	VKTX	D	0.12%
	EVRI	C	0.12%
	SCL	D	0.12%
	DXC	C	0.12%
	ORI	C	0.12%
	HIW	B	0.12%
	CPK	D	0.12%
	ACIW	A	0.12%
	JXN	B	0.12%
	GL	C	0.11%
	ECPG	F	0.11%
	IDCC	B	0.11%
	KD	B	0.11%
	CRSP	D	0.11%
	KAR	C	0.11%
	PRIM	B	0.11%
	FYBR	B	0.11%
	TENB	D	0.11%
	SIG	D	0.11%
	ORA	C	0.11%
	EAT	B	0.11%
	TRNO	C	0.11%
	AL	C	0.11%
	DV	D	0.11%
	SOFI	F	0.11%
	STWD	D	0.11%
	XENE	F	0.11%
	FLO	C	0.11%
	ADT	B	0.11%
	IBCP	C	0.11%
	BHLB	D	0.11%
	BPMC	B	0.1%
	MARA	C	0.1%
	NXST	C	0.1%
	JBT	C	0.1%
	CRC	C	0.1%
	CVBF	D	0.1%
	MRCY	F	0.1%
	AAP	F	0.1%
	XPRO	B	0.1%
	CPF	B	0.1%
	DY	C	0.1%
	DNLI	B	0.1%
	KRC	F	0.1%
	MODG	C	0.1%
	GMED	A	0.1%
	WDFC	D	0.1%
	LYFT	F	0.1%
	PBF	D	0.1%
	IBP	D	0.1%
	SJW	F	0.1%
	ADC	B	0.1%
	LNC	B	0.1%
	LRN	B	0.1%
	FA	C	0.1%
	AEO	C	0.1%
	ST	D	0.1%
	FLR	B	0.1%
	AMN	F	0.1%
	WHD	B	0.1%
	ALKS	D	0.1%
	TNET	D	0.1%
	SONO	F	0.09%
	INSP	F	0.09%
	FIVN	F	0.09%
	IDYA	D	0.09%
	LNN	D	0.09%
	AN	D	0.09%
	LXP	B	0.09%
	HR	B	0.09%
	IART	D	0.09%
	RXO	A	0.09%
	KFY	B	0.09%
	ABCB	C	0.09%
	MGRC	D	0.09%
	BXMT	C	0.09%
	RDUS	F	0.09%
	ESNT	B	0.09%
	RDN	B	0.09%
	W	F	0.09%
	CSGS	F	0.09%
	BILL	F	0.09%
	ENOV	F	0.09%
	ERII	F	0.09%
	EFSC	D	0.09%
	AROC	C	0.09%
	COLB	F	0.09%
	PSN	B	0.09%
	TMDX	B	0.09%
	POST	C	0.09%
	CRS	B	0.09%
	ROG	C	0.09%
	HI	D	0.09%
	VRNT	C	0.09%
	ABM	B	0.09%
	S	D	0.09%
	STRL	C	0.09%
	LEG	F	0.09%
	ARW	C	0.09%
	ZD	C	0.09%
	KOP	F	0.09%
	WU	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%
	PRGO	F	0.08%
	XHR	D	0.08%
	KE	D	0.08%
	CAC	D	0.08%
	PLYA	D	0.08%
	CRVL	C	0.08%
	UNIT	F	0.08%
	KRYS	B	0.08%
	FBP	B	0.08%
	CTS	B	0.08%
	GH	C	0.08%
	EYE	F	0.08%
	QTWO	C	0.08%
	PEGA	C	0.08%
	SXT	C	0.08%
	BHVN	D	0.08%
	BPOP	C	0.08%
	VITL	A	0.08%
	ICFI	C	0.08%
	AZZ	C	0.08%
	CLNE	C	0.08%
	IMAX	C	0.08%
	SEE	C	0.08%
	CCCS	C	0.08%
	JEF	B	0.08%
	AMAL	B	0.08%
	MAN	D	0.08%
	HELE	F	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%
	ESRT	D	0.07%
	AVNT	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%
	ANDE	D	0.07%
	APG	B	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%
	BL	D	0.07%
	KTOS	C	0.07%
	NTLA	C	0.07%
	SHAK	D	0.07%
	PLMR	D	0.07%
	MRUS	B	0.07%
	VRRM	B	0.07%
	MAC	D	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%
	RVMD	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%
	AGO	C	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%
	SGH	C	0.06%
	ARKO	C	0.06%
	TDS	C	0.06%
	CNXC	F	0.06%
	CAKE	A	0.06%
	NVST	F	0.06%
	AVPT	A	0.06%
	ACEL	D	0.06%
	FOXF	C	0.06%
	PTEN	D	0.06%
	EPC	B	0.06%
	ICUI	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%
	RCM	B	0.06%
	SQSP	A	0.06%
	VNO	B	0.06%
	MHK	D	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%
	FNB	C	0.06%
	MGNI	C	0.06%
	AGL	D	0.06%
	INDB	F	0.06%
	WTFC	C	0.06%
	TMCI	F	0.06%
	THRM	F	0.06%
	OUT	C	0.06%
	SEM	A	0.06%
	KREF	D	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%
	RARE	F	0.06%
	UNFI	C	0.06%
	GVA	B	0.06%
	MPW	C	0.06%
	ROCK	D	0.06%
	AIRC	A	0.06%
	NABL	A	0.06%
	NEOG	C	0.06%
	SPR	C	0.06%
	VVX	C	0.06%
	XRX	F	0.06%
	CLB	B	0.06%
	INFA	D	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%
	SKY	D	0.05%
	UPWK	D	0.05%
	RIOT	D	0.05%
	IMVT	D	0.05%
	SVRA	F	0.05%
	CNMD	F	0.05%
	GT	F	0.05%
	AXL	D	0.05%
	FRSH	F	0.05%
	MRC	D	0.05%
	HAYW	D	0.05%
	NYCB	F	0.05%
	KYMR	D	0.05%
	KVYO	C	0.05%
	MTTR	D	0.05%
	UEC	F	0.05%
	CCOI	F	0.05%
	VBTX	C	0.05%
	HCC	D	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%
	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%
	MHO	C	0.05%
	HPP	F	0.05%
	RBBN	C	0.05%
	ATEC	F	0.05%
	DIN	F	0.05%
	RXRX	C	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%
	RUSHA	D	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%
	APLS	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%
	ASH	C	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%
	SFBS	D	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%
	AXSM	B	0.05%
	AGYS	B	0.05%
	VRDN	D	0.05%
	SWTX	F	0.05%
	EE	B	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%
	SM	C	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%
	COOP	C	0.05%
	CRAI	B	0.05%
	VRNS	C	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%
	XPEL	F	0.05%
	DRQ	D	0.05%
	AI	C	0.05%
	FOUR	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%
	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 294 Positions Relative to IUSG

	Symbol	Grade	Weight
	MSFT	A	-11.94%
	NVDA	C	-11.65%
	AAPL	B	-10.98%
	AMZN	B	-6.13%
	META	B	-3.98%
	GOOGL	A	-3.75%
	GOOG	A	-3.16%
	AVGO	C	-2.75%
	LLY	A	-2.55%
	TSLA	C	-1.81%
	NFLX	B	-1.06%
	V	C	-1.04%
	MA	C	-0.97%
	AMD	B	-0.94%
	ADBE	C	-0.85%
	CRM	D	-0.84%
	ORCL	B	-0.82%
	AMAT	B	-0.72%
	INTU	C	-0.62%
	UNH	D	-0.61%
	COST	B	-0.58%
	PG	A	-0.55%
	NOW	B	-0.54%
	UBER	B	-0.52%
	BKNG	A	-0.5%
	LRCX	B	-0.5%
	HD	C	-0.47%
	MRK	A	-0.47%
	QCOM	C	-0.45%
	ABBV	B	-0.41%
	LIN	B	-0.4%
	KLAC	B	-0.4%
	ACN	C	-0.37%
	ISRG	A	-0.36%
	CAT	C	-0.35%
	PANW	B	-0.35%
	SNPS	B	-0.34%
	KO	A	-0.34%
	COP	D	-0.33%
	AXP	C	-0.33%
	CMG	B	-0.32%
	ANET	B	-0.31%
	CDNS	B	-0.31%
	PEP	C	-0.3%
	ETN	D	-0.29%
	MCD	D	-0.29%
	TJX	A	-0.29%
	TMO	D	-0.29%
	GE	D	-0.28%
	VRTX	B	-0.28%
	SYK	B	-0.27%
	TDG	B	-0.27%
	REGN	A	-0.24%
	ADI	B	-0.24%
	BX	B	-0.23%
	TXN	B	-0.23%
	MAR	B	-0.22%
	UNP	D	-0.22%
	PGR	C	-0.22%
	SPGI	B	-0.22%
	BSX	A	-0.22%
	PM	A	-0.21%
	HLT	A	-0.2%
	MMC	B	-0.2%
	DE	D	-0.2%
	TT	B	-0.19%
	SBUX	F	-0.19%
	ROST	A	-0.18%
	NKE	C	-0.18%
	PH	D	-0.18%
	NXPI	B	-0.18%
	APH	B	-0.17%
	SMCI	C	-0.17%
	ORLY	B	-0.17%
	FI	D	-0.17%
	EOG	C	-0.17%
	CPRT	C	-0.17%
	BA	D	-0.16%
	HES	C	-0.15%
	PCAR	D	-0.15%
	DHI	D	-0.15%
	ZTS	C	-0.15%
	URI	C	-0.15%
	ACGL	A	-0.14%
	ADP	B	-0.14%
	MPWR	B	-0.14%
	IT	B	-0.13%
	MPC	C	-0.13%
	FICO	A	-0.13%
	FCX	C	-0.13%
	RCL	A	-0.13%
	SHW	D	-0.13%
	LULU	F	-0.13%
	AZO	B	-0.13%
	WM	B	-0.13%
	FTNT	F	-0.13%
	MSI	A	-0.13%
	AMT	C	-0.13%
	MDLZ	D	-0.13%
	CEG	B	-0.12%
	ABNB	C	-0.12%
	HCA	A	-0.12%
	CSX	D	-0.12%
	CTAS	A	-0.12%
	EQIX	D	-0.12%
	FANG	C	-0.12%
	OKE	B	-0.11%
	AJG	B	-0.11%
	VST	B	-0.11%
	GWW	D	-0.11%
	AON	C	-0.11%
	ITW	D	-0.11%
	CL	A	-0.11%
	ODFL	D	-0.11%
	MCO	A	-0.11%
	ECL	A	-0.11%
	ADSK	B	-0.1%
	DXCM	D	-0.1%
	PWR	B	-0.1%
	TRGP	A	-0.1%
	MCHP	D	-0.1%
	IR	C	-0.1%
	NVR	C	-0.09%
	NUE	F	-0.09%
	WST	F	-0.09%
	DECK	C	-0.09%
	FTV	D	-0.09%
	CARR	B	-0.09%
	ROP	A	-0.09%
	CME	D	-0.09%
	VMC	D	-0.08%
	VRSK	A	-0.08%
	MSCI	C	-0.08%
	MLM	D	-0.08%
	RSG	A	-0.08%
	IDXX	D	-0.08%
	AMP	A	-0.08%
	PHM	D	-0.08%
	HWM	B	-0.07%
	TEL	B	-0.07%
	EME	B	-0.07%
	FAST	D	-0.07%
	AME	D	-0.07%
	CPAY	D	-0.07%
	PSA	B	-0.07%
	GDDY	A	-0.07%
	WSM	C	-0.07%
	DLR	B	-0.07%
	PSTG	C	-0.07%
	EW	B	-0.07%
	WMB	A	-0.07%
	TYL	B	-0.07%
	CSL	B	-0.07%
	LEN	D	-0.07%
	GEV	B	-0.07%
	AXON	D	-0.07%
	MNST	D	-0.07%
	OC	C	-0.06%
	ANSS	D	-0.06%
	PAYX	B	-0.06%
	RS	D	-0.06%
	EXPE	B	-0.06%
	BRO	B	-0.06%
	DFS	B	-0.06%
	YUM	D	-0.06%
	LII	B	-0.06%
	SPG	B	-0.06%
	BLDR	F	-0.06%
	DAL	D	-0.06%
	PTC	C	-0.05%
	ON	D	-0.05%
	TSCO	C	-0.05%
	CSGP	F	-0.05%
	CHTR	C	-0.05%
	CDW	D	-0.05%
	LYV	D	-0.05%
	IRM	A	-0.05%
	GRMN	B	-0.05%
	CTRA	C	-0.05%
	GGG	D	-0.05%
	BR	B	-0.05%
	NBIX	C	-0.05%
	CE	D	-0.05%
	MANH	B	-0.05%
	ROK	D	-0.05%
	EA	B	-0.05%
	IQV	D	-0.05%
	WSO	B	-0.05%
	OTIS	C	-0.05%
	SKX	B	-0.04%
	NTAP	B	-0.04%
	LVS	F	-0.04%
	APA	D	-0.04%
	CHRD	C	-0.04%
	HSY	D	-0.04%
	DT	F	-0.04%
	MOH	F	-0.04%
	CCL	B	-0.04%
	EFX	C	-0.04%
	OVV	D	-0.04%
	MTD	B	-0.04%
	STLD	D	-0.04%
	ULTA	D	-0.04%
	STE	D	-0.04%
	TTWO	B	-0.04%
	CHD	C	-0.04%
	DKS	B	-0.03%
	UFPI	D	-0.03%
	HLI	C	-0.03%
	FDS	D	-0.03%
	DPZ	B	-0.03%
	POOL	F	-0.03%
	EXP	D	-0.03%
	ELS	C	-0.03%
	COO	D	-0.03%
	HST	D	-0.03%
	CF	D	-0.03%
	RPM	C	-0.03%
	JBL	F	-0.03%
	MGM	B	-0.03%
	VRSN	C	-0.03%
	RBC	C	-0.03%
	LW	C	-0.03%
	MAS	D	-0.03%
	LSCC	F	-0.03%
	STX	B	-0.03%
	SBAC	F	-0.03%
	WYNN	D	-0.03%
	MRO	B	-0.03%
	BURL	A	-0.03%
	CELH	F	-0.03%
	PNR	D	-0.03%
	HUBB	D	-0.03%
	ALGN	F	-0.03%
	DRI	C	-0.03%
	DVA	B	-0.02%
	EPAM	D	-0.02%
	CG	D	-0.02%
	DAY	F	-0.02%
	CCK	D	-0.02%
	WTRG	C	-0.02%
	BCO	A	-0.02%
	WLK	D	-0.02%
	TTC	C	-0.02%
	CZR	C	-0.02%
	GNTX	D	-0.02%
	GLPI	C	-0.02%
	ERIE	C	-0.02%
	PODD	B	-0.02%
	ACM	C	-0.02%
	ESAB	D	-0.02%
	ENPH	D	-0.02%
	PCTY	F	-0.02%
	LAMR	B	-0.02%
	ROL	A	-0.02%
	RGEN	F	-0.02%
	AKAM	F	-0.02%
	WAT	D	-0.02%
	SNA	D	-0.02%
	AOS	D	-0.02%
	EXEL	B	-0.02%
	UTHR	A	-0.02%
	H	B	-0.02%
	EXPD	B	-0.02%
	AMH	B	-0.02%
	SYNA	D	-0.01%
	NSA	B	-0.01%
	NSP	F	-0.01%
	LANC	D	-0.01%
	IDA	D	-0.01%
	ENS	C	-0.01%
	MSM	D	-0.01%
	SAIC	D	-0.01%
	EQH	A	-0.01%
	OLN	D	-0.01%
	AZPN	D	-0.01%
	EEFT	D	-0.01%
	KEX	B	-0.01%
	ETSY	F	-0.01%
	PAYC	F	-0.01%
	STAG	C	-0.01%
	SEIC	C	-0.01%
	FBIN	F	-0.01%
	MIDD	D	-0.01%
	NEU	D	-0.01%
	COTY	D	-0.01%
	ALLE	D	-0.01%
	MMS	B	-0.01%
	FCFS	D	-0.01%
	ALGM	F	-0.0%
	MP	F	-0.0%
	SMG	D	-0.0%
	IPGP	F	-0.0%
	SAM	C	-0.0%

ESML: Top Represented Industries & Keywords

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

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

IUSG: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Semiconductors Oil & Gas E&P Biotechnology Building Materials Specialty Retail Diagnostics & Research Restaurants Specialty Chemicals Leisure Semiconductor Equipment & Materials Banks - Regional - US Capital Markets Medical Care Medical Devices REIT - Industrial Resorts & Casinos Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Computing Electronics Natural Gas Chemical Mining Aerospace Semiconductor Construction Insurance IBD 50 Integrated Circuits Building Materials Medicine Real Estate Investment Trust Telecommunications Transport Banking Dow Jones Component