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

$37.88

Average Daily Volume

138,035

Number of Holdings ^*

900

* 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

$127.05

Average Daily Volume

398,042

Number of Holdings ^*

472

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IUSG
30 Days	-4.99%	5.90%
60 Days	1.16%	11.45%
90 Days	-3.08%	11.03%
12 Months	8.21%	32.28%

178 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IUSG	Overlap
AAON	C	0.18%	0.02%	0.02%
ACHC	F	0.2%	0.02%	0.02%
AIT	D	0.1%	0.03%	0.03%
ALTM	F	0.09%	0.01%	0.01%
ALV	D	0.05%	0.02%	0.02%
AM	B	0.16%	0.01%	0.01%
AMED	F	0.1%	0.0%	0.0%
APPF	D	0.13%	0.02%	0.02%
ARWR	C	0.08%	0.01%	0.01%
ATR	B	0.23%	0.02%	0.02%
AXTA	B	0.29%	0.03%	0.03%
AYI	D	0.3%	0.01%	0.01%
AZTA	C	0.08%	0.01%	0.01%
BC	F	0.08%	0.01%	0.01%
BLD	B	0.34%	0.05%	0.05%
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	D	0.25%	0.03%	0.03%
BYD	D	0.05%	0.01%	0.01%
CACI	A	0.2%	0.01%	0.01%
CAR	F	0.05%	0.01%	0.01%
CASY	B	0.56%	0.04%	0.04%
CBSH	D	0.2%	0.01%	0.01%
CBT	C	0.13%	0.01%	0.01%
CDP	B	0.19%	0.0%	0.0%
CFR	D	0.08%	0.01%	0.01%
CGNX	B	0.15%	0.01%	0.01%
CHDN	B	0.15%	0.03%	0.03%
CHE	D	0.13%	0.02%	0.02%
CHH	D	0.07%	0.01%	0.01%
CHX	F	0.19%	0.02%	0.02%
CIEN	F	0.15%	0.01%	0.01%
CIVI	D	0.09%	0.02%	0.02%
CLH	A	0.06%	0.04%	0.04%
CNM	C	0.3%	0.02%	0.02%
CNX	B	0.21%	0.01%	0.01%
COKE	B	0.05%	0.02%	0.02%
COLM	C	0.07%	0.01%	0.01%
CPRI	F	0.07%	0.01%	0.01%
CR	C	0.18%	0.03%	0.03%
CROX	A	0.26%	0.04%	0.04%
CRUS	A	0.24%	0.01%	0.01%
CUBE	B	0.21%	0.02%	0.02%
CVLT	B	0.17%	0.01%	0.01%
CW	C	0.2%	0.02%	0.02%
CYTK	D	0.14%	0.01%	0.01%
DBX	F	0.12%	0.02%	0.02%
DCI	D	0.27%	0.02%	0.02%
DLB	F	0.2%	0.01%	0.01%
DOCS	B	0.05%	0.01%	0.01%
DTM	B	0.22%	0.02%	0.02%
DUOL	C	0.09%	0.03%	0.03%
EGP	C	0.22%	0.02%	0.02%
EHC	B	0.27%	0.01%	0.01%
ELF	B	0.25%	0.04%	0.04%
EPR	D	0.06%	0.01%	0.01%
ETRN	B	0.16%	0.01%	0.01%
EVR	B	0.1%	0.02%	0.02%
EWBC	D	0.32%	0.02%	0.02%
EXLS	D	0.17%	0.01%	0.01%
EXPO	B	0.06%	0.01%	0.01%
FCN	D	0.23%	0.03%	0.03%
FFIN	D	0.05%	0.01%	0.01%
FIVE	F	0.15%	0.02%	0.02%
FIX	C	0.35%	0.04%	0.04%
FLS	D	0.14%	0.01%	0.01%
FND	B	0.27%	0.05%	0.05%
FR	D	0.09%	0.01%	0.01%
GATX	C	0.2%	0.01%	0.01%
GNRC	C	0.18%	0.02%	0.02%
GTLS	F	0.16%	0.02%	0.02%
GXO	F	0.16%	0.01%	0.01%
HAE	D	0.13%	0.01%	0.01%
HALO	B	0.12%	0.02%	0.02%
HGV	D	0.07%	0.01%	0.01%
HQY	B	0.15%	0.01%	0.01%
HRB	B	0.19%	0.03%	0.03%
HWC	D	0.09%	0.01%	0.01%
HXL	D	0.16%	0.01%	0.01%
IBKR	B	0.25%	0.03%	0.03%
IBOC	D	0.06%	0.0%	0.0%
INGR	D	0.37%	0.01%	0.01%
IRDM	F	0.12%	0.01%	0.01%
ITT	D	0.27%	0.04%	0.04%
JAZZ	C	0.16%	0.01%	0.01%
KBH	B	0.22%	0.01%	0.01%
KBR	D	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	B	0.18%	0.02%	0.02%
LIVN	D	0.05%	0.0%	0.0%
LNTH	B	0.11%	0.02%	0.02%
LNW	C	0.21%	0.03%	0.03%
LOPE	C	0.07%	0.01%	0.01%
LPX	B	0.16%	0.01%	0.01%
LSTR	D	0.25%	0.02%	0.02%
MASI	C	0.06%	0.01%	0.01%
MAT	F	0.13%	0.01%	0.01%
MEDP	C	0.18%	0.03%	0.03%
MKSI	B	0.19%	0.01%	0.01%
MORN	D	0.17%	0.03%	0.03%
MSA	C	0.2%	0.02%	0.02%
MTDR	D	0.05%	0.02%	0.02%
MTG	C	0.25%	0.01%	0.01%
MTN	F	0.24%	0.02%	0.02%
MTSI	B	0.08%	0.01%	0.01%
MUR	D	0.17%	0.01%	0.01%
MUSA	B	0.34%	0.03%	0.03%
NCLH	D	0.19%	0.03%	0.03%
NNN	B	0.18%	0.01%	0.01%
NOVT	C	0.21%	0.01%	0.01%
NVT	B	0.24%	0.05%	0.05%
NYT	B	0.19%	0.03%	0.03%
OHI	A	0.26%	0.01%	0.01%
OLED	B	0.11%	0.03%	0.03%
OLLI	B	0.07%	0.02%	0.02%
ONTO	B	0.32%	0.04%	0.04%
OPCH	D	0.13%	0.01%	0.01%
OZK	F	0.12%	0.01%	0.01%
PEN	F	0.16%	0.03%	0.03%
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	0.21%	0.01%	0.01%
POWI	C	0.1%	0.01%	0.01%
PR	D	0.21%	0.03%	0.03%
PRI	C	0.2%	0.03%	0.03%
QLYS	D	0.05%	0.02%	0.02%
REXR	D	0.39%	0.01%	0.01%
RGLD	D	0.28%	0.02%	0.02%
RH	D	0.06%	0.01%	0.01%
RL	B	0.09%	0.02%	0.02%
RLI	D	0.18%	0.01%	0.01%
RMBS	D	0.17%	0.02%	0.02%
RNR	C	0.25%	0.02%	0.02%
ROIV	D	0.06%	0.01%	0.01%
RRC	C	0.31%	0.03%	0.03%
RYN	C	0.05%	0.01%	0.01%
SAIA	D	0.28%	0.04%	0.04%
SCI	B	0.27%	0.02%	0.02%
SFM	B	0.31%	0.01%	0.01%
SHC	C	0.06%	0.01%	0.01%
SIGI	F	0.3%	0.01%	0.01%
SLAB	F	0.13%	0.01%	0.01%
SLM	D	0.15%	0.01%	0.01%
SRPT	C	0.23%	0.03%	0.03%
SSD	D	0.1%	0.03%	0.03%
SWN	D	0.26%	0.03%	0.03%
TDC	D	0.12%	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	C	0.15%	0.01%	0.01%
TOL	C	0.23%	0.04%	0.04%
TPX	D	0.16%	0.03%	0.03%
TREX	C	0.13%	0.03%	0.03%
TTEK	B	0.18%	0.04%	0.04%
TXRH	B	0.1%	0.04%	0.04%
VAL	C	0.05%	0.02%	0.02%
VC	F	0.12%	0.0%	0.0%
VNT	D	0.17%	0.02%	0.02%
VOYA	C	0.19%	0.01%	0.01%
VVV	C	0.19%	0.02%	0.02%
WEN	F	0.1%	0.01%	0.01%
WEX	F	0.27%	0.03%	0.03%
WFRD	D	0.24%	0.03%	0.03%
WH	C	0.12%	0.01%	0.01%
WING	B	0.26%	0.04%	0.04%
WMS	C	0.32%	0.04%	0.04%
WOLF	C	0.11%	0.01%	0.01%
WTS	D	0.21%	0.02%	0.02%
WWD	B	0.24%	0.04%	0.04%
XPO	D	0.26%	0.02%	0.02%
YETI	C	0.15%	0.01%	0.01%
ZI	F	0.12%	0.0%	0.0%

ESML Overweight 722 Positions Relative to IUSG

Symbol	Grade	Weight
JHG	B	0.43%
USFD	C	0.39%
GWRE	B	0.35%
FLEX	B	0.35%
FTI	D	0.34%
JLL	B	0.33%
OSK	D	0.32%
AVT	B	0.31%
OGS	F	0.31%
NTNX	C	0.31%
FRT	B	0.31%
RGA	B	0.3%
GPK	D	0.3%
MDU	C	0.29%
BMI	B	0.29%
BJ	B	0.29%
AR	B	0.28%
UGI	D	0.27%
R	D	0.26%
HAS	C	0.26%
AMG	D	0.26%
SUM	D	0.24%
ESTC	B	0.24%
HOG	F	0.24%
ELAN	B	0.24%
TPR	B	0.24%
NJR	C	0.24%
COHR	A	0.23%
WBS	F	0.23%
CVNA	C	0.23%
NTRA	B	0.23%
IVZ	D	0.23%
ARMK	B	0.23%
SNV	D	0.23%
BFAM	D	0.23%
GBCI	D	0.22%
WSC	F	0.22%
SNDR	D	0.22%
FELE	D	0.22%
ANF	B	0.22%
MWA	B	0.22%
WCC	C	0.22%
NFG	C	0.21%
MOG.A	C	0.21%
PVH	C	0.21%
UMBF	D	0.21%
RHI	D	0.21%
CMC	D	0.21%
SSB	D	0.21%
VECO	A	0.2%
AWI	D	0.2%
BDC	B	0.2%
AVA	D	0.2%
PRGS	F	0.2%
FHN	D	0.2%
FTDR	B	0.2%
UNM	D	0.2%
GPI	B	0.2%
WHR	D	0.2%
REZI	D	0.2%
ITRI	B	0.2%
ALK	D	0.2%
NOV	D	0.2%
FN	B	0.19%
SPSC	B	0.19%
PCH	F	0.19%
KLIC	D	0.19%
ENSG	B	0.19%
ZWS	D	0.19%
ALSN	D	0.19%
THC	B	0.19%
PCVX	B	0.19%
DAR	F	0.19%
OMF	D	0.19%
NSIT	B	0.19%
HHH	C	0.19%
SITE	F	0.19%
RHP	D	0.19%
RRX	F	0.19%
BWA	F	0.19%
ASGN	D	0.18%
CMA	D	0.18%
BERY	C	0.18%
KOS	F	0.18%
LAD	F	0.18%
FRPT	B	0.18%
CUZ	C	0.18%
AEIS	B	0.18%
WK	F	0.18%
ENLC	D	0.18%
ATI	C	0.17%
HRI	F	0.17%
GKOS	B	0.17%
WAL	D	0.17%
AA	C	0.17%
BCC	D	0.17%
MYRG	F	0.17%
SPXC	B	0.17%
AGCO	F	0.17%
PDCO	F	0.17%
AXS	B	0.17%
FMC	F	0.17%
BHE	B	0.17%
NXT	B	0.17%
M	D	0.17%
MTH	C	0.17%
TGNA	F	0.17%
CNO	C	0.16%
X	F	0.16%
PCOR	F	0.16%
ONB	D	0.16%
MTZ	B	0.16%
VFC	C	0.16%
FSS	C	0.16%
ATKR	F	0.16%
AFRM	F	0.16%
ZION	D	0.16%
GPS	B	0.16%
GME	C	0.16%
ESI	B	0.15%
EPRT	A	0.15%
CABO	F	0.15%
SON	C	0.15%
IOSP	C	0.15%
ALTR	A	0.15%
AVAV	B	0.15%
PLXS	C	0.15%
BECN	C	0.15%
AZEK	C	0.15%
FAF	D	0.15%
TMHC	D	0.15%
ASB	D	0.15%
THG	D	0.15%
WTM	C	0.14%
AGNC	A	0.14%
FIBK	D	0.14%
MMSI	B	0.14%
NPO	D	0.14%
ITCI	D	0.14%
SF	D	0.14%
SR	D	0.14%
MOD	D	0.14%
SWX	D	0.14%
THO	F	0.14%
HNI	C	0.14%
TPH	C	0.14%
HESM	C	0.14%
MTX	B	0.14%
KNTK	B	0.14%
ITGR	C	0.14%
UBSI	D	0.14%
LCII	F	0.14%
CADE	D	0.13%
CPK	C	0.13%
SCL	D	0.13%
ACA	B	0.13%
VLY	F	0.13%
WERN	D	0.13%
BOX	D	0.13%
BCPC	B	0.13%
OGN	B	0.13%
GTLB	F	0.13%
HASI	B	0.13%
LEA	F	0.13%
INSM	A	0.13%
KTB	B	0.13%
BHLB	D	0.12%
IBCP	D	0.12%
EPAC	B	0.12%
RYAN	C	0.12%
FUL	D	0.12%
ACIW	B	0.12%
SMAR	C	0.12%
ORI	C	0.12%
PFSI	B	0.12%
SOFI	F	0.12%
VKTX	D	0.12%
BANR	B	0.12%
VMI	B	0.12%
ABG	B	0.12%
HIW	B	0.12%
DXC	D	0.12%
EVRI	D	0.12%
CRSP	B	0.12%
SITC	B	0.12%
SHOO	B	0.12%
PINC	F	0.12%
DFIN	D	0.12%
JXN	C	0.12%
WGO	F	0.12%
AMN	D	0.11%
FA	B	0.11%
IDCC	B	0.11%
AEO	D	0.11%
ADT	B	0.11%
ST	C	0.11%
AL	D	0.11%
FYBR	B	0.11%
PRIM	B	0.11%
LYFT	D	0.11%
FTAI	B	0.11%
TENB	F	0.11%
STWD	D	0.11%
WHD	D	0.11%
SIG	D	0.11%
TRNO	C	0.11%
KAR	D	0.11%
FLO	D	0.11%
ORA	B	0.11%
IBP	C	0.11%
XENE	F	0.11%
FULT	D	0.11%
JBT	C	0.1%
CVBF	F	0.1%
AUB	D	0.1%
VRNT	B	0.1%
CRS	B	0.1%
CPF	C	0.1%
ARW	B	0.1%
CRC	D	0.1%
BPMC	B	0.1%
KRC	F	0.1%
KOP	F	0.1%
ERII	F	0.1%
MODG	D	0.1%
GMED	B	0.1%
MRCY	D	0.1%
SJW	F	0.1%
LNC	B	0.1%
MARA	C	0.1%
LRN	B	0.1%
WDFC	D	0.1%
GL	D	0.1%
ADC	B	0.1%
FLR	A	0.1%
ECPG	F	0.1%
TNET	F	0.1%
PBF	F	0.1%
ALKS	C	0.1%
DV	F	0.1%
EAT	B	0.1%
KD	B	0.1%
DY	B	0.1%
IART	D	0.09%
LXP	C	0.09%
VAC	F	0.09%
SEE	C	0.09%
BXMT	F	0.09%
FIVN	F	0.09%
MGRC	D	0.09%
SLG	B	0.09%
XRAY	F	0.09%
INSP	D	0.09%
ESNT	C	0.09%
LEG	F	0.09%
CSGS	F	0.09%
TRN	C	0.09%
RDN	C	0.09%
XPRO	B	0.09%
ABCB	D	0.09%
POST	D	0.09%
LNN	C	0.09%
ABM	B	0.09%
PSN	C	0.09%
HR	B	0.09%
SONO	F	0.09%
AROC	D	0.09%
IDYA	D	0.09%
ENOV	F	0.09%
AN	B	0.09%
EFSC	D	0.09%
RXO	D	0.09%
KFY	B	0.09%
BILL	F	0.09%
HIMS	B	0.09%
COLB	F	0.09%
ROG	C	0.09%
APAM	D	0.09%
S	D	0.09%
W	F	0.09%
BRC	B	0.09%
ZD	C	0.09%
NXST	D	0.09%
TROX	B	0.09%
TMDX	B	0.09%
AAP	F	0.09%
RDUS	F	0.09%
STRL	B	0.09%
WU	D	0.09%
HCP	A	0.09%
HI	D	0.09%
DNLI	C	0.09%
VREX	F	0.08%
LEVI	B	0.08%
MRUS	B	0.08%
CWEN	B	0.08%
WOOF	C	0.08%
RNA	B	0.08%
PLMR	C	0.08%
NTLA	C	0.08%
PRVA	D	0.08%
PEGA	D	0.08%
CRVL	C	0.08%
RVMD	B	0.08%
CCS	D	0.08%
CRNX	D	0.08%
FBP	D	0.08%
XHR	D	0.08%
VITL	B	0.08%
CRDO	B	0.08%
CAC	D	0.08%
BPOP	D	0.08%
JEF	C	0.08%
BHVN	F	0.08%
TNDM	B	0.08%
KE	C	0.08%
PLYA	D	0.08%
ICFI	D	0.08%
CTS	B	0.08%
QTWO	C	0.08%
AZZ	C	0.08%
PRGO	F	0.08%
SXT	B	0.08%
KRYS	B	0.08%
AMAL	B	0.08%
CCCS	B	0.08%
CLNE	C	0.08%
CC	D	0.08%
EYE	F	0.08%
MAN	D	0.08%
HELE	D	0.08%
PRKS	D	0.08%
GH	B	0.08%
STC	D	0.08%
MOV	D	0.08%
RDNT	B	0.08%
SPB	B	0.08%
UNIT	F	0.08%
ALG	F	0.08%
GO	F	0.07%
IRON	C	0.07%
RXST	B	0.07%
LITE	B	0.07%
MODN	B	0.07%
NEOG	B	0.07%
MIR	C	0.07%
AIR	D	0.07%
WD	C	0.07%
AVNT	C	0.07%
BE	C	0.07%
CLVT	F	0.07%
BOOT	B	0.07%
XRX	F	0.07%
PDFS	C	0.07%
ENR	D	0.07%
PD	C	0.07%
LCID	D	0.07%
KSS	F	0.07%
CERE	C	0.07%
TNC	D	0.07%
SBRA	B	0.07%
ANDE	D	0.07%
RARE	F	0.07%
ESRT	C	0.07%
VRRM	C	0.07%
TWST	B	0.07%
KTOS	B	0.07%
APG	B	0.07%
MTRN	F	0.07%
FTRE	F	0.07%
RNST	D	0.07%
BL	F	0.07%
PRCT	B	0.07%
PI	C	0.07%
GERN	B	0.07%
FROG	C	0.07%
CAVA	B	0.07%
LBRDA	D	0.07%
AMWD	F	0.07%
ENV	D	0.07%
BOH	F	0.07%
RUN	C	0.07%
DRS	A	0.07%
NEP	D	0.07%
CLSK	C	0.07%
PJT	B	0.07%
NWL	F	0.07%
MAC	D	0.07%
IMAX	F	0.07%
COLD	C	0.07%
NWN	F	0.07%
DEA	B	0.07%
FL	C	0.07%
SHAK	D	0.07%
CALX	C	0.07%
NARI	C	0.07%
WT	B	0.06%
SWTX	D	0.06%
ARCT	C	0.06%
CNXC	D	0.06%
CRI	F	0.06%
APLS	D	0.06%
SMPL	B	0.06%
WNC	F	0.06%
MLNK	B	0.06%
MBUU	D	0.06%
HWKN	B	0.06%
PETQ	B	0.06%
SPR	D	0.06%
EPC	B	0.06%
VERX	B	0.06%
WKC	B	0.06%
PLAY	F	0.06%
MLTX	F	0.06%
ARKO	C	0.06%
RCM	C	0.06%
KROS	C	0.06%
SGH	B	0.06%
EWCZ	D	0.06%
SNDX	C	0.06%
ICUI	B	0.06%
SPT	D	0.06%
ACEL	D	0.06%
ALHC	B	0.06%
ADUS	B	0.06%
PTGX	B	0.06%
TBBK	C	0.06%
CAKE	B	0.06%
AMC	D	0.06%
PTEN	F	0.06%
SKT	D	0.06%
XPEL	F	0.06%
VNO	C	0.06%
HIBB	A	0.06%
NUVL	B	0.06%
RAMP	F	0.06%
NVST	F	0.06%
HLIT	C	0.06%
VVX	D	0.06%
MDGL	B	0.06%
SQSP	A	0.06%
ASPN	B	0.06%
FNB	D	0.06%
MHK	D	0.06%
AAT	B	0.06%
CBZ	D	0.06%
RCKT	F	0.06%
JWN	B	0.06%
ARRY	D	0.06%
TDS	B	0.06%
SASR	B	0.06%
VSEC	B	0.06%
AI	C	0.06%
CWK	B	0.06%
TALO	F	0.06%
YELP	F	0.06%
SEDG	F	0.06%
AVDX	D	0.06%
WTFC	D	0.06%
SEM	B	0.06%
RKT	B	0.06%
THRM	D	0.06%
KREF	F	0.06%
PRTA	F	0.06%
NABL	B	0.06%
GTES	D	0.06%
NTGR	B	0.06%
PLUS	D	0.06%
ACVA	C	0.06%
TMCI	F	0.06%
CMCO	F	0.06%
CLDX	F	0.06%
INFA	C	0.06%
PECO	D	0.06%
ESE	D	0.06%
JBGS	C	0.06%
POWL	C	0.06%
GVA	B	0.06%
SG	B	0.06%
CLB	C	0.06%
OUT	D	0.06%
MPW	C	0.06%
AIRC	A	0.06%
INDB	F	0.06%
PIPR	B	0.06%
UNFI	C	0.06%
HZO	C	0.06%
BANC	D	0.06%
OII	F	0.06%
ZEUS	F	0.06%
ROCK	D	0.06%
AGL	C	0.06%
MGNI	B	0.06%
KLG	F	0.05%
OFIX	F	0.05%
APGE	D	0.05%
DAWN	F	0.05%
FFBC	D	0.05%
MTW	F	0.05%
IMVT	D	0.05%
PRAA	F	0.05%
NUVB	C	0.05%
DK	F	0.05%
RIG	F	0.05%
UEC	F	0.05%
FRSH	F	0.05%
BRY	F	0.05%
MTUS	D	0.05%
CERT	F	0.05%
SAVA	F	0.05%
UPWK	F	0.05%
CWT	D	0.05%
JAMF	D	0.05%
MTTR	C	0.05%
AGYS	B	0.05%
XNCR	D	0.05%
QDEL	F	0.05%
CMP	F	0.05%
JELD	F	0.05%
HAYW	D	0.05%
CDE	B	0.05%
CSTL	B	0.05%
SMP	F	0.05%
VBTX	D	0.05%
ARVN	F	0.05%
CCOI	F	0.05%
ALEC	D	0.05%
MEI	F	0.05%
SKY	C	0.05%
HLX	D	0.05%
SIBN	F	0.05%
OEC	D	0.05%
RBBN	D	0.05%
HPP	D	0.05%
CPRX	C	0.05%
RUSHB	F	0.05%
ATEN	D	0.05%
FLGT	F	0.05%
QS	F	0.05%
ASTE	F	0.05%
KVYO	D	0.05%
NBHC	B	0.05%
JANX	D	0.05%
MNRO	F	0.05%
AXSM	C	0.05%
MLKN	D	0.05%
DIN	F	0.05%
MRC	C	0.05%
NYCB	F	0.05%
RNG	D	0.05%
BRZE	F	0.05%
CUBI	D	0.05%
PSMT	D	0.05%
ATRC	F	0.05%
PLUG	D	0.05%
VERA	D	0.05%
AXL	D	0.05%
DOCN	C	0.05%
ETWO	D	0.05%
AWR	D	0.05%
MMI	F	0.05%
CGEM	D	0.05%
MORF	D	0.05%
NEO	F	0.05%
UPST	D	0.05%
SVRA	D	0.05%
LUMN	F	0.05%
GT	F	0.05%
RUSHA	D	0.05%
LESL	D	0.05%
CBU	D	0.05%
PRO	F	0.05%
BGC	D	0.05%
NVCR	C	0.05%
MEG	B	0.05%
HAIN	C	0.05%
VSTS	F	0.05%
MYE	F	0.05%
NBTB	D	0.05%
EMBC	C	0.05%
WRBY	B	0.05%
VYX	D	0.05%
ZUO	C	0.05%
CECO	D	0.05%
BKD	D	0.05%
ELVN	B	0.05%
HCC	C	0.05%
B	B	0.05%
ASH	C	0.05%
MYGN	B	0.05%
EE	C	0.05%
VRNS	C	0.05%
PNTG	B	0.05%
MXL	D	0.05%
DAN	D	0.05%
UFPT	B	0.05%
LBPH	D	0.05%
CAL	C	0.05%
KELYA	D	0.05%
KMPR	D	0.05%
MHO	B	0.05%
PAHC	B	0.05%
KURA	B	0.05%
CNMD	D	0.05%
STAA	C	0.05%
AIN	D	0.05%
SM	D	0.05%
PRG	C	0.05%
VCTR	C	0.05%
TILE	D	0.05%
ATGE	B	0.05%
ARQT	C	0.05%
REVG	B	0.05%
TGI	C	0.05%
CRMT	D	0.05%
GOGO	D	0.05%
FORM	B	0.05%
GEF	F	0.05%
FLYW	F	0.05%
MQ	F	0.05%
UAA	D	0.05%
PRLB	F	0.05%
KYMR	D	0.05%
VNOM	D	0.05%
SLVM	B	0.05%
EWTX	C	0.05%
HBI	B	0.05%
ATEC	D	0.05%
SFBS	D	0.05%
VVI	C	0.05%
AVPT	B	0.05%
GBX	D	0.05%
RCUS	B	0.05%
CALM	C	0.05%
RXRX	B	0.05%
EDR	A	0.05%
DNOW	D	0.05%
SATS	C	0.05%
BBIO	C	0.05%
AHH	B	0.05%
SBH	D	0.05%
GEF	F	0.05%
AORT	B	0.05%
THS	D	0.05%
BDN	C	0.05%
ARCB	F	0.05%
INFN	C	0.05%
PYCR	F	0.05%
AUR	D	0.05%
EVBG	C	0.05%
PLOW	D	0.05%
CLW	B	0.05%
PGRE	D	0.05%
LBTYK	C	0.05%
TARS	D	0.05%
CRAI	B	0.05%
DCO	B	0.05%
NVAX	C	0.05%
OMI	F	0.05%
BEAM	C	0.05%
DLX	B	0.05%
PHAT	B	0.05%
VRDN	D	0.05%
EGY	D	0.05%
CATC	C	0.05%
PDM	B	0.05%
FOXF	C	0.05%
CCRN	D	0.05%
ZYME	C	0.05%
TDOC	F	0.05%
RKLB	C	0.05%
VRTS	D	0.05%
COOP	B	0.05%
RIOT	D	0.05%
ETNB	F	0.05%
DRQ	F	0.05%
DYN	B	0.05%
CNK	C	0.05%
ACLX	C	0.05%
ICHR	D	0.05%
CWEN	B	0.05%
IVR	B	0.05%
PTCT	C	0.05%
AGO	D	0.05%
NRIX	B	0.05%
INTA	C	0.05%
FOUR	C	0.05%
MNKD	B	0.05%
PAR	B	0.05%
GPRE	F	0.04%
PFS	F	0.04%
PBI	B	0.04%
CXM	F	0.04%
SMTC	D	0.04%
AMBC	F	0.04%
NFE	F	0.04%
CHGG	F	0.04%
ESTA	D	0.04%
HAFC	F	0.04%
XPER	F	0.04%
ASAN	F	0.04%
OSCR	C	0.04%
TXG	F	0.04%
PLRX	D	0.04%
HL	C	0.04%
LGF.A	D	0.04%
ARDX	F	0.04%
DGII	F	0.04%
FSLY	F	0.04%
SYM	F	0.04%
BKU	C	0.04%
FNA	F	0.04%
VSCO	D	0.04%
IESC	D	0.04%
OMCL	D	0.04%
SANA	F	0.04%
COMP	D	0.04%
CYRX	F	0.04%
BASE	F	0.03%
HOUS	F	0.03%
GDOT	D	0.01%
MC	D	0.01%

ESML Underweight 294 Positions Relative to IUSG

Symbol	Grade	Weight
MSFT	A	-11.91%
AAPL	B	-11.14%
NVDA	A	-11.06%
AMZN	B	-6.34%
META	B	-4.14%
GOOGL	A	-3.86%
GOOG	A	-3.26%
LLY	A	-2.56%
AVGO	A	-2.38%
TSLA	C	-1.75%
V	D	-1.06%
NFLX	A	-1.04%
MA	D	-0.99%
AMD	C	-0.95%
CRM	F	-0.86%
ADBE	C	-0.77%
ORCL	B	-0.73%
AMAT	A	-0.71%
UNH	C	-0.65%
COST	A	-0.59%
INTU	C	-0.59%
PG	A	-0.57%
NOW	C	-0.54%
UBER	C	-0.53%
MRK	B	-0.5%
LRCX	A	-0.49%
BKNG	A	-0.49%
HD	C	-0.46%
QCOM	A	-0.45%
ABBV	B	-0.41%
LIN	C	-0.41%
KLAC	A	-0.4%
PANW	B	-0.37%
ACN	F	-0.37%
KO	B	-0.36%
CAT	D	-0.36%
ISRG	A	-0.36%
COP	D	-0.34%
SNPS	B	-0.33%
AXP	D	-0.33%
CMG	A	-0.32%
TMO	C	-0.31%
MCD	D	-0.3%
PEP	D	-0.3%
CDNS	B	-0.3%
ETN	D	-0.29%
TJX	A	-0.29%
VRTX	A	-0.29%
GE	D	-0.28%
SYK	B	-0.28%
ANET	A	-0.28%
TDG	B	-0.27%
ADI	B	-0.26%
TXN	B	-0.25%
REGN	A	-0.24%
PGR	D	-0.23%
BX	C	-0.23%
BSX	A	-0.23%
UNP	D	-0.23%
PM	B	-0.22%
SPGI	B	-0.22%
MAR	C	-0.21%
SBUX	D	-0.2%
NXPI	B	-0.2%
MMC	A	-0.2%
DE	D	-0.2%
NKE	C	-0.19%
TT	B	-0.19%
HLT	B	-0.19%
PH	D	-0.19%
ROST	B	-0.18%
ZTS	C	-0.17%
APH	A	-0.17%
FI	D	-0.17%
CPRT	D	-0.17%
BA	D	-0.17%
EOG	D	-0.17%
URI	D	-0.16%
ORLY	C	-0.16%
ADP	C	-0.15%
PCAR	D	-0.15%
HES	D	-0.15%
DHI	D	-0.15%
LULU	F	-0.14%
AMT	B	-0.14%
ACGL	B	-0.14%
MPWR	A	-0.14%
FTNT	D	-0.14%
MDLZ	D	-0.14%
SMCI	C	-0.14%
IT	D	-0.13%
FANG	D	-0.13%
WM	C	-0.13%
SHW	D	-0.13%
MPC	D	-0.13%
FCX	D	-0.13%
RCL	B	-0.13%
MSI	A	-0.13%
ECL	A	-0.12%
ODFL	D	-0.12%
CEG	B	-0.12%
HCA	A	-0.12%
ABNB	D	-0.12%
CSX	D	-0.12%
CTAS	A	-0.12%
FICO	B	-0.12%
EQIX	C	-0.12%
AZO	C	-0.12%
AJG	A	-0.11%
IR	C	-0.11%
OKE	D	-0.11%
GWW	C	-0.11%
ITW	D	-0.11%
MCHP	C	-0.11%
MCO	B	-0.11%
AON	C	-0.11%
CL	A	-0.11%
VST	B	-0.11%
CME	D	-0.1%
DECK	B	-0.1%
TRGP	B	-0.1%
PWR	B	-0.1%
DXCM	D	-0.1%
PHM	B	-0.09%
ADSK	C	-0.09%
IDXX	C	-0.09%
NUE	F	-0.09%
NVR	C	-0.09%
WST	D	-0.09%
CARR	B	-0.09%
FTV	D	-0.09%
ROP	B	-0.09%
AXON	C	-0.08%
TYL	B	-0.08%
VMC	C	-0.08%
LEN	D	-0.08%
VRSK	A	-0.08%
MNST	F	-0.08%
RSG	C	-0.08%
MSCI	D	-0.08%
MLM	C	-0.08%
AMP	C	-0.08%
YUM	C	-0.07%
BLDR	D	-0.07%
EME	B	-0.07%
DAL	C	-0.07%
FAST	D	-0.07%
TEL	B	-0.07%
SPG	B	-0.07%
PSA	B	-0.07%
CPAY	D	-0.07%
HWM	B	-0.07%
AME	D	-0.07%
WSM	B	-0.07%
EW	D	-0.07%
GEV	B	-0.07%
WMB	A	-0.07%
GDDY	B	-0.07%
PSTG	A	-0.07%
DLR	A	-0.07%
CSL	B	-0.07%
IQV	D	-0.06%
OTIS	B	-0.06%
OC	B	-0.06%
PAYX	B	-0.06%
ANSS	C	-0.06%
EXPE	C	-0.06%
RS	D	-0.06%
LII	A	-0.06%
DFS	D	-0.06%
BRO	A	-0.06%
CHD	A	-0.05%
OVV	D	-0.05%
ULTA	D	-0.05%
PTC	D	-0.05%
STE	B	-0.05%
TTWO	B	-0.05%
CHTR	C	-0.05%
TSCO	B	-0.05%
CDW	D	-0.05%
LYV	D	-0.05%
IRM	A	-0.05%
BR	D	-0.05%
NBIX	C	-0.05%
GRMN	B	-0.05%
GGG	D	-0.05%
CSGP	F	-0.05%
ON	C	-0.05%
MANH	C	-0.05%
CTRA	D	-0.05%
ROK	F	-0.05%
WSO	B	-0.05%
CE	D	-0.05%
EA	B	-0.05%
NTAP	A	-0.04%
CELH	F	-0.04%
SKX	B	-0.04%
ALGN	F	-0.04%
LVS	F	-0.04%
CHRD	D	-0.04%
APA	F	-0.04%
MOH	F	-0.04%
HSY	F	-0.04%
EFX	B	-0.04%
DT	F	-0.04%
STLD	D	-0.04%
CCL	C	-0.04%
MTD	B	-0.04%
DKS	B	-0.03%
AMH	C	-0.03%
HLI	C	-0.03%
UFPI	D	-0.03%
RGEN	F	-0.03%
FDS	D	-0.03%
ELS	C	-0.03%
DPZ	B	-0.03%
POOL	D	-0.03%
MGM	D	-0.03%
HST	D	-0.03%
EXP	D	-0.03%
RPM	B	-0.03%
COO	C	-0.03%
VRSN	C	-0.03%
RBC	B	-0.03%
MAS	C	-0.03%
CF	D	-0.03%
STX	A	-0.03%
JBL	D	-0.03%
LSCC	F	-0.03%
SBAC	D	-0.03%
LW	C	-0.03%
BURL	B	-0.03%
MRO	C	-0.03%
WYNN	D	-0.03%
PNR	D	-0.03%
HUBB	D	-0.03%
DRI	D	-0.03%
EPAM	F	-0.02%
FCFS	D	-0.02%
DVA	B	-0.02%
CG	D	-0.02%
DAY	F	-0.02%
WTRG	B	-0.02%
CCK	D	-0.02%
BCO	B	-0.02%
CZR	F	-0.02%
TTC	B	-0.02%
WLK	D	-0.02%
GLPI	C	-0.02%
GNTX	D	-0.02%
PODD	B	-0.02%
ERIE	D	-0.02%
ACM	D	-0.02%
ESAB	D	-0.02%
ROL	A	-0.02%
UTHR	A	-0.02%
LAMR	C	-0.02%
PCTY	F	-0.02%
SNA	D	-0.02%
AOS	C	-0.02%
AKAM	F	-0.02%
H	C	-0.02%
WAT	D	-0.02%
EXEL	D	-0.02%
EXPD	B	-0.02%
ENPH	C	-0.02%
SYNA	C	-0.01%
NSA	A	-0.01%
NSP	F	-0.01%
LANC	C	-0.01%
IDA	D	-0.01%
ENS	B	-0.01%
MSM	F	-0.01%
EQH	B	-0.01%
SAIC	D	-0.01%
OLN	D	-0.01%
EEFT	C	-0.01%
AZPN	D	-0.01%
KEX	B	-0.01%
PAYC	F	-0.01%
STAG	D	-0.01%
SEIC	D	-0.01%
FBIN	D	-0.01%
MIDD	F	-0.01%
ETSY	F	-0.01%
NEU	D	-0.01%
COTY	F	-0.01%
MMS	B	-0.01%
ALLE	D	-0.01%
ALGM	D	-0.0%
MP	F	-0.0%
SMG	D	-0.0%
IPGP	F	-0.0%
SAM	C	-0.0%