ESML vs. SMLF ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares FactorSelect MSCI USA Small-Cap ETF (SMLF)

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

$38.49

Average Daily Volume

164,842

Number of Holdings ^*

914

* may have additional holdings in another (foreign) market

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.32

Average Daily Volume

66,095

Number of Holdings ^*

817

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SMLF
30 Days	-2.26%	-1.68%
60 Days	-1.39%	-0.48%
90 Days	3.84%	5.28%
12 Months	20.20%	27.64%

495 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SMLF	Overlap
AA	A	0.15%	0.17%	0.15%
ABG	F	0.12%	0.14%	0.12%
ACA	B	0.11%	0.08%	0.08%
ACCD	F	0.03%	0.05%	0.03%
ACCO	F	0.04%	0.05%	0.04%
ACHC	F	0.21%	0.09%	0.09%
ACLX	D	0.04%	0.09%	0.04%
ADEA	F	0.04%	0.06%	0.04%
ADT	C	0.09%	0.05%	0.05%
AEIS	D	0.1%	0.01%	0.01%
AEO	C	0.12%	0.08%	0.08%
AGCO	F	0.19%	0.29%	0.19%
AGM	A	0.08%	0.1%	0.08%
AGNC	B	0.12%	0.18%	0.12%
AGO	D	0.08%	0.26%	0.08%
AGYS	C	0.05%	0.03%	0.03%
AIN	F	0.05%	0.01%	0.01%
AIT	C	0.08%	0.1%	0.08%
ALG	D	0.1%	0.04%	0.04%
ALHC	B	0.04%	0.02%	0.02%
ALKS	F	0.09%	0.21%	0.09%
ALSN	D	0.21%	0.41%	0.21%
ALV	A	0.06%	0.08%	0.06%
AM	A	0.18%	0.4%	0.18%
AMG	C	0.24%	0.22%	0.22%
AMN	D	0.12%	0.09%	0.09%
AMPH	F	0.04%	0.06%	0.04%
AN	B	0.11%	0.27%	0.11%
ANF	C	0.14%	0.31%	0.14%
APG	D	0.06%	0.11%	0.06%
APLS	F	0.07%	0.1%	0.07%
AR	A	0.31%	0.28%	0.28%
ARCB	F	0.07%	0.1%	0.07%
AROC	B	0.11%	0.11%	0.11%
ARRY	D	0.05%	0.06%	0.05%
ARW	B	0.09%	0.23%	0.09%
ARWR	F	0.07%	0.04%	0.04%
ASAN	F	0.04%	0.06%	0.04%
ASB	A	0.15%	0.09%	0.09%
ASGN	D	0.19%	0.08%	0.08%
ASH	A	0.05%	0.1%	0.05%
ATEN	A	0.05%	0.11%	0.05%
ATI	B	0.16%	0.17%	0.16%
ATKR	B	0.22%	0.53%	0.22%
ATRC	F	0.04%	0.02%	0.02%
AVAV	B	0.1%	0.03%	0.03%
AVDX	D	0.06%	0.07%	0.06%
AVNT	A	0.07%	0.18%	0.07%
AVXL	F	0.03%	0.03%	0.03%
AWR	C	0.12%	0.12%	0.12%
AXNX	C	0.05%	0.17%	0.05%
AXS	B	0.18%	0.01%	0.01%
AXSM	C	0.05%	0.17%	0.05%
AXTA	A	0.27%	0.02%	0.02%
AYI	C	0.39%	0.29%	0.29%
AZEK	C	0.15%	0.07%	0.07%
BASE	D	0.05%	0.08%	0.05%
BBIO	F	0.05%	0.02%	0.02%
BC	F	0.15%	0.11%	0.11%
BCC	D	0.21%	0.23%	0.21%
BCPC	C	0.14%	0.04%	0.04%
BDC	C	0.17%	0.07%	0.07%
BDN	B	0.05%	0.13%	0.05%
BEAM	F	0.03%	0.08%	0.03%
BECN	B	0.15%	0.05%	0.05%
BERY	D	0.18%	0.1%	0.1%
BJ	C	0.25%	0.22%	0.22%
BKD	A	0.06%	0.05%	0.05%
BKU	B	0.04%	0.01%	0.01%
BL	D	0.11%	0.17%	0.11%
BLD	D	0.34%	0.28%	0.28%
BLKB	B	0.14%	0.14%	0.14%
BMI	A	0.35%	0.11%	0.11%
BOH	D	0.08%	0.02%	0.02%
BOX	F	0.13%	0.07%	0.07%
BPMC	A	0.09%	0.1%	0.09%
BPOP	A	0.09%	0.57%	0.09%
BRBR	C	0.11%	0.05%	0.05%
BRC	B	0.08%	0.15%	0.08%
BRKR	F	0.19%	0.23%	0.19%
BRX	C	0.12%	0.33%	0.12%
BRY	B	0.07%	0.04%	0.04%
BRZE	D	0.05%	0.1%	0.05%
BWXT	D	0.29%	0.11%	0.11%
BYD	F	0.05%	0.01%	0.01%
CACC	D	0.05%	0.11%	0.05%
CACI	A	0.16%	0.01%	0.01%
CAKE	D	0.05%	0.01%	0.01%
CAL	D	0.05%	0.11%	0.05%
CALX	F	0.05%	0.06%	0.05%
CAR	D	0.05%	0.07%	0.05%
CASY	B	0.43%	0.02%	0.02%
CBSH	A	0.21%	0.21%	0.21%
CBT	A	0.1%	0.12%	0.1%
CC	C	0.08%	0.14%	0.08%
CDP	A	0.2%	0.03%	0.03%
CFR	C	0.09%	0.24%	0.09%
CGEM	A	0.07%	0.14%	0.07%
CHDN	B	0.14%	0.1%	0.1%
CHE	F	0.14%	0.36%	0.14%
CHRD	B	0.06%	0.04%	0.04%
CHX	D	0.23%	0.14%	0.14%
CIEN	D	0.14%	0.02%	0.02%
CLH	A	0.08%	0.06%	0.06%
CLVT	F	0.08%	0.04%	0.04%
CMA	B	0.2%	0.19%	0.19%
CMC	C	0.22%	0.15%	0.15%
CMPR	D	0.05%	0.12%	0.05%
CNM	A	0.24%	0.44%	0.24%
CNMD	F	0.04%	0.07%	0.04%
CNO	A	0.17%	0.13%	0.13%
CNX	B	0.21%	0.04%	0.04%
COKE	B	0.05%	0.17%	0.05%
COOP	A	0.06%	0.42%	0.06%
COTY	D	0.05%	0.1%	0.05%
COUR	F	0.04%	0.05%	0.04%
CPRI	F	0.08%	0.02%	0.02%
CPRX	D	0.05%	0.19%	0.05%
CR	A	0.18%	0.27%	0.18%
CRC	F	0.08%	0.1%	0.08%
CROX	D	0.22%	0.34%	0.22%
CRSP	F	0.1%	0.03%	0.03%
CRUS	C	0.19%	0.1%	0.1%
CUBE	D	0.19%	0.11%	0.11%
CUBI	D	0.05%	0.09%	0.05%
CUZ	A	0.16%	0.07%	0.07%
CVBF	D	0.1%	0.04%	0.04%
CVLT	A	0.14%	0.05%	0.05%
CVNA	A	0.17%	0.13%	0.13%
CW	A	0.21%	0.18%	0.18%
CYTK	D	0.15%	0.16%	0.15%
DAN	C	0.05%	0.03%	0.03%
DAWN	A	0.05%	0.02%	0.02%
DBRG	F	0.04%	0.03%	0.03%
DCI	B	0.33%	0.2%	0.2%
DFIN	A	0.14%	0.13%	0.13%
DIN	F	0.05%	0.06%	0.05%
DLX	A	0.05%	0.08%	0.05%
DNLI	F	0.06%	0.13%	0.06%
DNOW	D	0.06%	0.15%	0.06%
DOCN	D	0.04%	0.06%	0.04%
DOCS	F	0.04%	0.08%	0.04%
DOOR	A	0.07%	0.02%	0.02%
DTM	B	0.29%	0.2%	0.2%
DUOL	A	0.12%	0.3%	0.12%
DVAX	D	0.05%	0.06%	0.05%
DY	A	0.08%	0.02%	0.02%
DYN	D	0.05%	0.05%	0.05%
EDR	A	0.05%	0.17%	0.05%
EGP	F	0.1%	0.1%	0.1%
EHC	A	0.27%	0.05%	0.05%
ELF	D	0.18%	0.3%	0.18%
EMBC	F	0.04%	0.03%	0.03%
EME	A	0.56%	0.82%	0.56%
ENR	C	0.07%	0.01%	0.01%
ENSG	D	0.2%	0.13%	0.13%
EPAC	A	0.07%	0.03%	0.03%
EPR	D	0.06%	0.02%	0.02%
ESI	C	0.13%	0.15%	0.13%
ESTC	C	0.24%	0.32%	0.24%
ETNB	F	0.04%	0.02%	0.02%
ETRN	A	0.18%	0.25%	0.18%
EVR	B	0.09%	0.58%	0.09%
EVRI	F	0.1%	0.05%	0.05%
EVTC	F	0.05%	0.03%	0.03%
EWBC	A	0.35%	0.33%	0.33%
EXEL	D	0.06%	0.19%	0.06%
EXLS	D	0.16%	0.17%	0.16%
EXPO	B	0.06%	0.21%	0.06%
FAF	F	0.17%	0.16%	0.16%
FBP	A	0.08%	0.05%	0.05%
FCN	B	0.24%	0.05%	0.05%
FFIN	C	0.06%	0.04%	0.04%
FHN	A	0.2%	0.04%	0.04%
FIVE	F	0.2%	0.04%	0.04%
FIVN	F	0.12%	0.13%	0.12%
FIX	C	0.37%	0.36%	0.36%
FL	F	0.06%	0.03%	0.03%
FLEX	D	0.37%	0.27%	0.27%
FLO	B	0.16%	0.08%	0.08%
FLR	C	0.09%	0.07%	0.07%
FLYW	F	0.06%	0.04%	0.04%
FNA	D	0.03%	0.04%	0.03%
FR	D	0.09%	0.57%	0.09%
FROG	D	0.08%	0.18%	0.08%
FSS	C	0.17%	0.02%	0.02%
FULT	A	0.1%	0.01%	0.01%
FYBR	C	0.1%	0.1%	0.1%
GATX	C	0.18%	0.14%	0.14%
GCO	F	0.04%	0.07%	0.04%
GDOT	C	0.01%	0.02%	0.01%
GEF	D	0.05%	0.01%	0.01%
GEF	D	0.06%	0.01%	0.01%
GH	D	0.04%	0.18%	0.04%
GME	C	0.07%	0.11%	0.07%
GMED	D	0.08%	0.02%	0.02%
GNRC	B	0.2%	0.12%	0.12%
GPI	A	0.2%	0.24%	0.2%
GPK	C	0.33%	0.28%	0.28%
GPS	D	0.14%	0.14%	0.14%
GTLB	F	0.1%	0.18%	0.1%
GTLS	C	0.18%	0.06%	0.06%
HAE	A	0.12%	0.23%	0.12%
HAIN	F	0.04%	0.01%	0.01%
HALO	D	0.1%	0.2%	0.1%
HASI	C	0.11%	0.07%	0.07%
HCAT	F	0.03%	0.01%	0.01%
HCC	B	0.06%	0.07%	0.06%
HELE	D	0.08%	0.07%	0.07%
HI	F	0.11%	0.15%	0.11%
HIBB	A	0.07%	0.08%	0.07%
HIMS	D	0.06%	0.06%	0.06%
HIW	A	0.15%	0.17%	0.15%
HNI	B	0.12%	0.03%	0.03%
HOG	D	0.25%	0.18%	0.18%
HOUS	F	0.04%	0.08%	0.04%
HPP	F	0.04%	0.04%	0.04%
HQY	D	0.16%	0.01%	0.01%
HRB	D	0.19%	0.37%	0.19%
HUN	D	0.05%	0.14%	0.05%
HWC	A	0.09%	0.07%	0.07%
HWKN	A	0.07%	0.04%	0.04%
HXL	D	0.18%	0.02%	0.02%
HZO	F	0.04%	0.01%	0.01%
IBKR	A	0.24%	0.34%	0.24%
IBOC	A	0.06%	0.1%	0.06%
ICFI	C	0.12%	0.11%	0.11%
IDCC	C	0.09%	0.06%	0.06%
INSM	D	0.06%	0.02%	0.02%
INSP	B	0.12%	0.35%	0.12%
INTA	F	0.04%	0.13%	0.04%
IONS	F	0.05%	0.18%	0.05%
IOSP	C	0.14%	0.05%	0.05%
IRDM	C	0.17%	0.04%	0.04%
IRTC	C	0.05%	0.09%	0.05%
ITCI	C	0.15%	0.02%	0.02%
ITGR	D	0.14%	0.04%	0.04%
ITT	D	0.28%	0.39%	0.28%
IVR	C	0.05%	0.04%	0.04%
IVZ	D	0.22%	0.09%	0.09%
JACK	F	0.04%	0.12%	0.04%
JAMF	B	0.05%	0.01%	0.01%
JEF	B	0.08%	0.45%	0.08%
JHG	B	0.4%	0.24%	0.24%
JXN	A	0.12%	0.07%	0.07%
KBR	A	0.46%	0.18%	0.18%
KD	D	0.08%	0.05%	0.05%
KFY	D	0.07%	0.02%	0.02%
KLG	B	0.08%	0.03%	0.03%
KLIC	D	0.19%	0.12%	0.12%
KN	B	0.05%	0.08%	0.05%
KNF	B	0.12%	0.01%	0.01%
KNSL	F	0.19%	0.16%	0.16%
KOS	D	0.2%	0.08%	0.08%
KRC	D	0.1%	0.12%	0.1%
KREF	F	0.06%	0.04%	0.04%
KSS	F	0.07%	0.12%	0.07%
LECO	D	0.29%	0.07%	0.07%
LFUS	C	0.16%	0.06%	0.06%
LITE	D	0.06%	0.04%	0.04%
LIVN	A	0.06%	0.16%	0.06%
LNTH	B	0.09%	0.17%	0.09%
LNW	D	0.21%	0.19%	0.19%
LPX	D	0.13%	0.37%	0.13%
LRN	A	0.11%	0.12%	0.11%
LSTR	D	0.24%	0.11%	0.11%
LUMN	F	0.04%	0.09%	0.04%
LXP	D	0.08%	0.07%	0.07%
LYFT	D	0.11%	0.09%	0.09%
M	C	0.17%	0.25%	0.17%
MAC	D	0.09%	0.26%	0.09%
MAN	B	0.08%	0.05%	0.05%
MASI	C	0.06%	0.08%	0.06%
MAT	F	0.17%	0.13%	0.13%
MDGL	D	0.04%	0.09%	0.04%
MDU	A	0.33%	0.06%	0.06%
MEDP	D	0.16%	0.52%	0.16%
MGNI	D	0.04%	0.02%	0.02%
MGRC	D	0.07%	0.08%	0.07%
MKSI	D	0.21%	0.1%	0.1%
MMSI	B	0.13%	0.07%	0.07%
MOD	B	0.16%	0.22%	0.16%
MODG	B	0.11%	0.05%	0.05%
MODN	B	0.06%	0.13%	0.06%
MPW	C	0.06%	0.07%	0.06%
MRC	D	0.05%	0.1%	0.05%
MSA	D	0.18%	0.02%	0.02%
MSTR	D	0.41%	0.23%	0.23%
MTG	C	0.24%	0.09%	0.09%
MTRN	F	0.08%	0.14%	0.08%
MTW	F	0.05%	0.03%	0.03%
MUR	C	0.21%	0.3%	0.21%
NARI	F	0.06%	0.06%	0.06%
NBTB	B	0.05%	0.01%	0.01%
NFG	A	0.2%	0.13%	0.13%
NJR	B	0.25%	0.09%	0.09%
NNN	A	0.18%	0.11%	0.11%
NOV	D	0.22%	0.18%	0.18%
NOVT	D	0.21%	0.15%	0.15%
NSIT	A	0.21%	0.08%	0.08%
NTLA	F	0.05%	0.02%	0.02%
NTNX	C	0.37%	0.56%	0.37%
NTRA	A	0.17%	0.33%	0.17%
NUVL	D	0.04%	0.01%	0.01%
NVST	F	0.09%	0.06%	0.06%
NVT	A	0.24%	0.56%	0.24%
NWN	B	0.1%	0.01%	0.01%
NXST	C	0.1%	0.08%	0.08%
NXT	D	0.13%	0.13%	0.13%
NYT	B	0.13%	0.11%	0.11%
ODP	C	0.05%	0.11%	0.05%
OFG	A	0.05%	0.02%	0.02%
OFIX	F	0.05%	0.03%	0.03%
OGS	B	0.23%	0.13%	0.13%
OHI	A	0.27%	0.08%	0.08%
OII	B	0.09%	0.11%	0.09%
OLED	C	0.14%	0.04%	0.04%
OMF	A	0.21%	0.2%	0.2%
OMI	F	0.08%	0.08%	0.08%
ONTO	A	0.31%	0.2%	0.2%
OPCH	F	0.14%	0.12%	0.12%
ORI	A	0.12%	0.38%	0.12%
OUT	D	0.08%	0.04%	0.04%
OZK	B	0.15%	0.09%	0.09%
PBF	C	0.13%	0.04%	0.04%
PCH	D	0.17%	0.05%	0.05%
PCVX	D	0.15%	0.07%	0.07%
PD	F	0.05%	0.09%	0.05%
PDCO	F	0.17%	0.04%	0.04%
PDM	B	0.07%	0.14%	0.07%
PEGA	D	0.08%	0.06%	0.06%
PEN	F	0.17%	0.06%	0.06%
PFSI	A	0.13%	0.04%	0.04%
PGRE	B	0.05%	0.14%	0.05%
PII	F	0.05%	0.1%	0.05%
PIPR	A	0.07%	0.32%	0.07%
PK	D	0.08%	0.07%	0.07%
PLNT	F	0.15%	0.07%	0.07%
PLUS	C	0.07%	0.08%	0.07%
PNFP	C	0.22%	0.07%	0.07%
POWI	D	0.15%	0.01%	0.01%
PR	B	0.25%	0.12%	0.12%
PRGO	B	0.1%	0.03%	0.03%
PRGS	F	0.17%	0.19%	0.17%
PRI	D	0.2%	0.23%	0.2%
PRKS	D	0.07%	0.17%	0.07%
PRO	F	0.05%	0.03%	0.03%
PRTA	F	0.05%	0.02%	0.02%
PSTG	C	0.35%	0.34%	0.34%
PTCT	B	0.06%	0.02%	0.02%
PTEN	F	0.05%	0.17%	0.05%
PVH	D	0.21%	0.2%	0.2%
PYCR	F	0.06%	0.02%	0.02%
PZZA	F	0.04%	0.07%	0.04%
QDEL	F	0.05%	0.04%	0.04%
QLYS	D	0.06%	0.17%	0.06%
R	A	0.27%	0.24%	0.24%
RAMP	D	0.07%	0.02%	0.02%
RCUS	F	0.05%	0.05%	0.05%
RDN	C	0.09%	0.01%	0.01%
RGLD	B	0.34%	0.13%	0.13%
RH	D	0.06%	0.03%	0.03%
RHP	D	0.2%	0.01%	0.01%
RIG	F	0.06%	0.15%	0.06%
RKT	C	0.06%	0.03%	0.03%
RL	D	0.07%	0.02%	0.02%
RLI	D	0.08%	0.03%	0.03%
RMBS	F	0.2%	0.28%	0.2%
RNG	D	0.07%	0.17%	0.07%
RNR	D	0.25%	0.28%	0.25%
ROIV	B	0.05%	0.01%	0.01%
RPD	F	0.05%	0.04%	0.04%
RRC	B	0.3%	0.24%	0.24%
RRX	D	0.23%	0.27%	0.23%
RUSHA	D	0.05%	0.05%	0.05%
RVMD	A	0.07%	0.03%	0.03%
RYAN	D	0.11%	0.12%	0.11%
SAIA	F	0.27%	0.17%	0.17%
SCI	D	0.29%	0.19%	0.19%
SEE	C	0.07%	0.0%	0.0%
SF	A	0.14%	0.14%	0.14%
SFBS	C	0.05%	0.1%	0.05%
SFM	A	0.35%	0.34%	0.34%
SIG	C	0.12%	0.35%	0.12%
SITC	C	0.1%	0.09%	0.09%
SITE	F	0.26%	0.06%	0.06%
SKT	D	0.06%	0.2%	0.06%
SKY	D	0.07%	0.14%	0.07%
SLAB	D	0.12%	0.04%	0.04%
SLG	B	0.08%	0.03%	0.03%
SLM	A	0.16%	0.22%	0.16%
SLVM	A	0.06%	0.08%	0.06%
SM	B	0.08%	0.09%	0.08%
SMAR	D	0.1%	0.2%	0.1%
SNDR	D	0.17%	0.08%	0.08%
SNDX	D	0.06%	0.03%	0.03%
SNV	C	0.25%	0.03%	0.03%
SOFI	F	0.13%	0.04%	0.04%
SON	D	0.13%	0.12%	0.12%
SONO	D	0.09%	0.07%	0.07%
SPB	C	0.09%	0.15%	0.09%
SPSC	C	0.19%	0.12%	0.12%
SPT	F	0.06%	0.29%	0.06%
SPXC	A	0.16%	0.26%	0.16%
SQSP	B	0.06%	0.14%	0.06%
SR	B	0.13%	0.13%	0.13%
SRPT	B	0.23%	0.26%	0.23%
SSB	D	0.22%	0.01%	0.01%
SSD	D	0.12%	0.16%	0.12%
SSP	C	0.03%	0.01%	0.01%
STAA	B	0.08%	0.06%	0.06%
STRL	D	0.1%	0.06%	0.06%
STWD	C	0.13%	0.07%	0.07%
SWAV	A	0.3%	0.23%	0.23%
SWTX	D	0.06%	0.02%	0.02%
SWX	A	0.15%	0.01%	0.01%
SYNA	D	0.05%	0.14%	0.05%
TBBK	F	0.06%	0.02%	0.02%
TCBI	B	0.06%	0.02%	0.02%
TDC	F	0.13%	0.07%	0.07%
TDOC	F	0.07%	0.16%	0.07%
TDS	D	0.06%	0.03%	0.03%
TENB	F	0.12%	0.09%	0.09%
TEX	D	0.1%	0.23%	0.1%
TGNA	D	0.18%	0.09%	0.09%
THC	A	0.11%	0.25%	0.11%
THG	A	0.14%	0.06%	0.06%
THO	F	0.15%	0.13%	0.13%
TILE	C	0.07%	0.03%	0.03%
TKO	B	0.13%	0.06%	0.06%
TKR	B	0.07%	0.26%	0.07%
TMHC	C	0.16%	0.03%	0.03%
TNC	D	0.17%	0.02%	0.02%
TNET	F	0.16%	0.17%	0.16%
TNL	D	0.14%	0.15%	0.14%
TOL	C	0.23%	0.07%	0.07%
TPH	A	0.13%	0.15%	0.13%
TPR	D	0.22%	0.24%	0.22%
TPX	D	0.18%	0.25%	0.18%
TREX	D	0.17%	0.34%	0.17%
TRN	A	0.08%	0.05%	0.05%
TROX	A	0.09%	0.02%	0.02%
TTEK	A	0.15%	0.32%	0.15%
UGI	C	0.31%	0.06%	0.06%
UMBF	B	0.22%	0.1%	0.1%
UNFI	F	0.03%	0.01%	0.01%
UNIT	F	0.13%	0.05%	0.05%
UNM	A	0.21%	0.04%	0.04%
UPBD	F	0.05%	0.13%	0.05%
UPWK	D	0.04%	0.01%	0.01%
USFD	C	0.39%	0.16%	0.16%
VAC	C	0.11%	0.08%	0.08%
VC	D	0.12%	0.1%	0.1%
VECO	B	0.16%	0.09%	0.09%
VERA	C	0.04%	0.06%	0.04%
VFC	F	0.13%	0.03%	0.03%
VKTX	C	0.16%	0.1%	0.1%
VMEO	D	0.05%	0.0%	0.0%
VMI	B	0.11%	0.11%	0.11%
VNO	D	0.06%	0.33%	0.06%
VNT	D	0.19%	0.06%	0.06%
VOYA	C	0.23%	0.16%	0.16%
VRE	C	0.06%	0.01%	0.01%
VRNS	D	0.08%	0.11%	0.08%
VSTS	F	0.05%	0.09%	0.05%
W	C	0.09%	0.1%	0.09%
WAL	C	0.17%	0.13%	0.13%
WBS	D	0.25%	0.04%	0.04%
WCC	C	0.2%	0.2%	0.2%
WD	C	0.06%	0.05%	0.05%
WEN	B	0.12%	0.15%	0.12%
WEX	D	0.33%	0.13%	0.13%
WFRD	B	0.27%	0.6%	0.27%
WGO	F	0.13%	0.06%	0.06%
WH	D	0.15%	0.11%	0.11%
WING	A	0.25%	0.51%	0.25%
WK	D	0.16%	0.34%	0.16%
WLY	B	0.06%	0.06%	0.06%
WMS	C	0.32%	0.15%	0.15%
WNC	F	0.06%	0.1%	0.06%
WOOF	F	0.03%	0.01%	0.01%
WSC	F	0.22%	0.11%	0.11%
WTFC	A	0.07%	0.02%	0.02%
WTM	A	0.1%	0.17%	0.1%
WTS	C	0.22%	0.11%	0.11%
X	F	0.17%	0.12%	0.12%
XHR	B	0.07%	0.03%	0.03%
XNCR	C	0.04%	0.25%	0.04%
XPO	D	0.29%	0.14%	0.14%
XPRO	B	0.09%	0.03%	0.03%
XRAY	F	0.11%	0.21%	0.11%
XRX	F	0.07%	0.13%	0.07%
YELP	C	0.06%	0.07%	0.06%
YETI	F	0.14%	0.09%	0.09%
ZION	A	0.2%	0.19%	0.19%

ESML Overweight 419 Positions Relative to SMLF

Symbol	Grade	Weight
FRT	B	0.6%
FTI	A	0.4%
INGR	C	0.35%
OSK	D	0.35%
SIGI	F	0.33%
GWRE	C	0.31%
JLL	C	0.3%
RGA	A	0.3%
MUSA	D	0.3%
SWN	C	0.27%
AVT	A	0.27%
ALK	B	0.27%
ATR	A	0.26%
SUM	D	0.26%
FND	D	0.25%
REXR	D	0.25%
AWI	D	0.23%
MOG.A	A	0.23%
BFAM	C	0.23%
KBH	B	0.22%
GBCI	C	0.22%
ARMK	C	0.22%
FELE	D	0.22%
DLB	D	0.21%
AVA	B	0.2%
NCLH	F	0.2%
MTH	A	0.2%
REZI	D	0.2%
MYRG	F	0.2%
WHR	F	0.2%
AAON	C	0.19%
ITRI	A	0.19%
WWD	A	0.19%
ENLC	C	0.19%
MWA	A	0.18%
ELAN	D	0.18%
COHR	D	0.18%
ZWS	D	0.18%
LAD	F	0.18%
GXO	F	0.17%
FRPT	C	0.17%
FTDR	B	0.17%
MORN	C	0.17%
VVV	B	0.17%
AFRM	C	0.16%
GKOS	A	0.16%
PCOR	D	0.16%
BHE	A	0.16%
ONB	A	0.16%
HHH	D	0.16%
PLXS	B	0.15%
ZI	C	0.15%
LCII	F	0.15%
DV	D	0.14%
EPRT	A	0.14%
VLY	D	0.14%
APPF	C	0.14%
PINC	F	0.14%
UBSI	D	0.14%
FIBK	B	0.14%
FLS	A	0.14%
KOP	F	0.13%
CIVI	B	0.13%
MTZ	B	0.13%
DXC	F	0.13%
CADE	B	0.13%
ALTR	D	0.13%
CGNX	B	0.13%
KNTK	B	0.13%
FN	D	0.13%
IBCP	B	0.12%
LEG	F	0.12%
WU	C	0.12%
SHOO	D	0.12%
ORA	C	0.12%
BANR	B	0.12%
IBP	C	0.12%
ACIW	A	0.12%
AL	A	0.12%
BHLB	B	0.12%
CABO	F	0.12%
MTX	A	0.12%
S	D	0.11%
CPK	B	0.11%
FTRE	C	0.11%
CRVL	C	0.11%
STC	A	0.11%
HRI	D	0.11%
SCL	D	0.11%
WERN	D	0.11%
FUL	C	0.11%
NPO	D	0.11%
VITL	A	0.1%
GERN	B	0.1%
AAP	D	0.1%
MTTR	B	0.1%
KTB	B	0.1%
EAT	A	0.1%
OGN	B	0.1%
COLB	C	0.1%
KAR	A	0.1%
AUB	C	0.1%
XENE	C	0.1%
CSGS	F	0.1%
WHD	B	0.1%
SJW	D	0.1%
WOLF	F	0.1%
ALPN	A	0.1%
ESNT	D	0.09%
JBT	F	0.09%
RXO	D	0.09%
MRCY	D	0.09%
ZD	D	0.09%
AMED	D	0.09%
KELYA	C	0.09%
BHVN	D	0.09%
PGNY	F	0.09%
ECPG	D	0.09%
COLM	B	0.09%
ALTM	D	0.09%
RARE	D	0.09%
AMAL	B	0.09%
TRNO	D	0.09%
EYE	D	0.09%
LNC	D	0.09%
ENOV	F	0.09%
CWEN	B	0.09%
APAM	D	0.09%
ADC	B	0.09%
RDUS	F	0.09%
SEDG	F	0.08%
ENV	B	0.08%
SXT	A	0.08%
ESRT	D	0.08%
CHH	D	0.08%
TBI	F	0.08%
QTWO	A	0.08%
AMWD	D	0.08%
ACEL	C	0.08%
PSN	D	0.08%
SHAK	A	0.08%
ELME	B	0.08%
CERE	A	0.08%
COLD	F	0.08%
CRS	A	0.08%
ABM	B	0.08%
ABCB	B	0.08%
ANDE	B	0.08%
HGV	D	0.08%
AZZ	C	0.08%
TNDM	A	0.08%
NEP	C	0.08%
ROG	C	0.08%
EFSC	C	0.08%
PRIM	A	0.08%
RCM	D	0.08%
VRNT	C	0.08%
AZTA	D	0.08%
MARA	D	0.08%
PECO	D	0.08%
BXMT	F	0.08%
ERII	F	0.08%
FTAI	A	0.08%
CCS	D	0.08%
CPF	A	0.08%
IART	F	0.08%
IDYA	D	0.08%
RDNT	A	0.07%
BANC	C	0.07%
DK	F	0.07%
HR	C	0.07%
CHGG	F	0.07%
MOV	D	0.07%
GTES	C	0.07%
CRI	F	0.07%
WDFC	D	0.07%
RXST	A	0.07%
MRUS	C	0.07%
DEA	C	0.07%
FA	A	0.07%
FNB	A	0.07%
JBGS	F	0.07%
KRYS	D	0.07%
MIR	C	0.07%
ESE	B	0.07%
THS	D	0.07%
PJT	C	0.07%
LEVI	A	0.07%
OLLI	C	0.07%
VVX	B	0.07%
CTS	A	0.07%
INDB	C	0.07%
HCP	B	0.07%
LOPE	C	0.07%
KE	D	0.07%
EGY	B	0.07%
PLMR	B	0.07%
RNST	C	0.07%
IMAX	C	0.07%
NWL	D	0.07%
TALO	D	0.07%
PSMT	A	0.06%
RUN	D	0.06%
VRTS	D	0.06%
UEC	B	0.06%
UFPT	A	0.06%
ETWO	B	0.06%
CWK	C	0.06%
VSEC	A	0.06%
PDFS	D	0.06%
BGC	B	0.06%
DCO	A	0.06%
LGF.A	B	0.06%
CAC	B	0.06%
JWN	B	0.06%
ST	B	0.06%
SCSC	C	0.06%
CBZ	D	0.06%
KMPR	B	0.06%
INFA	D	0.06%
HLX	B	0.06%
CLB	D	0.06%
WT	A	0.06%
TMDX	A	0.06%
SASR	D	0.06%
ZUO	B	0.06%
BOOT	B	0.06%
TARS	C	0.06%
XPOF	F	0.06%
MYE	A	0.06%
CLSK	C	0.06%
PRVA	F	0.06%
CLDX	C	0.06%
ROCK	D	0.06%
MHK	D	0.06%
CECO	C	0.06%
FRSH	F	0.06%
SPR	D	0.06%
THRM	D	0.06%
PLAY	D	0.06%
KROS	D	0.06%
LCID	D	0.06%
JELD	B	0.06%
CRNX	A	0.06%
LNN	C	0.06%
GVA	A	0.06%
CNXC	F	0.06%
CMCO	C	0.06%
EE	B	0.06%
POST	C	0.06%
ACVA	D	0.06%
VRRM	A	0.06%
PRCT	A	0.06%
ARVN	D	0.06%
POWL	B	0.06%
KTOS	B	0.06%
DRS	D	0.06%
ZEUS	F	0.06%
RYI	F	0.05%
PARR	F	0.05%
NBHC	C	0.05%
SGH	F	0.05%
PTGX	D	0.05%
PAR	C	0.05%
INBX	D	0.05%
RBBN	B	0.05%
TWST	B	0.05%
UPST	F	0.05%
XPER	C	0.05%
SRRK	C	0.05%
MLKN	D	0.05%
CRMT	F	0.05%
CERT	D	0.05%
PLOW	D	0.05%
AXL	C	0.05%
EWTX	B	0.05%
SBH	F	0.05%
TGI	D	0.05%
CXM	D	0.05%
URBN	D	0.05%
AHH	C	0.05%
SAVA	B	0.05%
NABL	D	0.05%
DRQ	F	0.05%
GOGO	C	0.05%
KURA	D	0.05%
B	C	0.05%
TXG	F	0.05%
RCKT	D	0.05%
ASTH	D	0.05%
CWEN	B	0.05%
VREX	F	0.05%
BZH	D	0.05%
CSV	B	0.05%
OMCL	C	0.05%
CCRN	F	0.05%
VBTX	B	0.05%
XPEL	F	0.05%
RELY	F	0.05%
AAT	B	0.05%
PHAT	C	0.05%
FFBC	A	0.05%
BRP	D	0.05%
HLIT	F	0.05%
INFN	C	0.05%
SEM	B	0.05%
CALM	D	0.05%
NEO	D	0.05%
SPNT	C	0.05%
ADUS	C	0.05%
ARI	F	0.05%
CBU	C	0.05%
GRBK	C	0.05%
OEC	B	0.05%
NTGR	F	0.05%
DGII	F	0.05%
IPGP	F	0.05%
SMPL	B	0.05%
CATC	C	0.05%
GT	D	0.05%
EHAB	D	0.05%
PLYA	C	0.05%
AUR	B	0.05%
UCBI	B	0.05%
ICHR	D	0.05%
AVPT	B	0.05%
HAYW	C	0.05%
CYRX	D	0.05%
WSFS	A	0.05%
SBRA	B	0.05%
HBI	F	0.05%
ATGE	A	0.05%
WKC	D	0.05%
RUSHB	F	0.05%
USM	D	0.05%
NE	F	0.05%
CLNE	F	0.05%
VVI	D	0.05%
CNK	D	0.05%
PAHC	A	0.05%
CCCS	F	0.05%
DORM	C	0.05%
BE	C	0.05%
GBX	B	0.05%
CCOI	F	0.05%
AORT	A	0.05%
SIBN	F	0.04%
VRDN	F	0.04%
PLUG	F	0.04%
MLTX	D	0.04%
ARDX	C	0.04%
PLRX	F	0.04%
PWSC	F	0.04%
MBUU	F	0.04%
ARCT	F	0.04%
LESL	F	0.04%
RIOT	F	0.04%
EWCZ	F	0.04%
AGL	F	0.04%
GPRE	F	0.04%
MORF	F	0.04%
NEOG	F	0.04%
QS	F	0.04%
GLDD	F	0.04%
RKLB	F	0.04%
VSAT	F	0.04%
RYTM	C	0.04%
RXRX	F	0.04%
OSUR	D	0.04%
NVCR	D	0.04%
MYGN	D	0.04%
IMVT	F	0.04%
FLGT	F	0.04%
ATEC	D	0.04%
CSTL	B	0.04%
FOUR	F	0.04%
FSLY	F	0.04%
ALEC	F	0.04%
CRDO	F	0.04%
VYX	D	0.04%
BYON	F	0.04%
IONQ	F	0.04%
UAA	F	0.04%
MMI	D	0.04%
PFS	B	0.04%
MQ	D	0.04%
NFE	F	0.04%
PRLB	F	0.04%
KYMR	D	0.04%
HRMY	C	0.04%
PRAA	C	0.04%
PETQ	D	0.04%
AI	F	0.04%
HAFC	C	0.04%
COMP	D	0.04%
ENVX	D	0.03%
MEI	F	0.03%
SHLS	F	0.03%
LAZR	F	0.03%
CMP	F	0.03%
DNA	F	0.03%
STEM	F	0.03%
DMRC	F	0.03%
RLAY	F	0.03%
VSCO	F	0.03%
FOXF	F	0.03%
IRBT	D	0.03%
CRNC	F	0.03%
TMCI	F	0.03%
SHC	F	0.03%
SHEN	F	0.03%
ZYME	D	0.03%
NOVA	F	0.02%
IRON	F	0.02%
COMM	F	0.02%
PBI	A	0.02%
VERV	F	0.02%
CABA	F	0.02%
PACB	F	0.01%

ESML Underweight 323 Positions Relative to SMLF

Symbol	Grade	Weight
DECK	D	-0.67%
WSM	A	-0.64%
JBL	F	-0.58%
DKS	B	-0.54%
RS	D	-0.52%
IDA	B	-0.48%
MANH	F	-0.43%
TRGP	B	-0.42%
CSL	A	-0.41%
APP	B	-0.4%
LSCC	D	-0.36%
LAMR	B	-0.35%
MLI	B	-0.35%
APA	F	-0.35%
IOT	B	-0.34%
BBWI	C	-0.34%
DDS	B	-0.34%
ENTG	D	-0.34%
AXON	A	-0.34%
OVV	B	-0.33%
WIRE	A	-0.33%
TTC	D	-0.32%
GGG	D	-0.32%
CHK	B	-0.31%
COCO	B	-0.31%
VGR	F	-0.31%
WSO	A	-0.3%
IMKTA	F	-0.28%
UTHR	A	-0.27%
AMH	D	-0.27%
GES	B	-0.27%
XP	D	-0.26%
FCNCA	B	-0.25%
JOE	B	-0.25%
HSII	D	-0.24%
JBSS	F	-0.24%
UFPI	C	-0.23%
NDSN	C	-0.23%
SATS	B	-0.23%
LBTYA	D	-0.22%
AMR	D	-0.22%
NAVI	D	-0.22%
CAVA	A	-0.22%
ASO	D	-0.21%
PI	A	-0.21%
TPG	C	-0.21%
AZPN	C	-0.21%
SANM	B	-0.2%
KFRC	D	-0.2%
SN	A	-0.2%
SMG	C	-0.2%
RPM	D	-0.2%
VSTO	A	-0.19%
ACM	A	-0.19%
BSY	B	-0.18%
OC	A	-0.18%
NSP	D	-0.18%
HLI	A	-0.18%
RHI	F	-0.18%
IRWD	F	-0.18%
ACLS	D	-0.18%
GLPI	F	-0.18%
FHB	A	-0.18%
MATX	B	-0.17%
ACI	D	-0.17%
SSTK	F	-0.17%
AX	A	-0.17%
ESAB	B	-0.17%
ALLE	D	-0.16%
KRG	C	-0.16%
AIZ	C	-0.16%
KAI	D	-0.15%
AY	B	-0.15%
MATV	A	-0.15%
GEO	B	-0.15%
IGT	F	-0.15%
IVT	B	-0.15%
CORT	D	-0.15%
VIR	C	-0.15%
KIM	C	-0.14%
SRCE	B	-0.14%
OLN	D	-0.14%
GOLF	D	-0.14%
PRG	B	-0.14%
HURN	F	-0.14%
CELH	D	-0.14%
EXTR	F	-0.14%
VSH	C	-0.14%
CVCO	C	-0.14%
PCTY	D	-0.13%
BAND	B	-0.13%
HP	F	-0.13%
WOR	D	-0.13%
IPAR	F	-0.13%
HTH	C	-0.12%
OGE	A	-0.12%
RGEN	D	-0.12%
UA	D	-0.12%
MMYT	B	-0.12%
ALIT	C	-0.12%
BLMN	F	-0.11%
WAFD	B	-0.11%
CXT	B	-0.11%
AEL	A	-0.11%
MCB	B	-0.11%
BKE	D	-0.11%
HOV	B	-0.11%
ALX	C	-0.11%
LILA	B	-0.11%
BANF	B	-0.11%
VCYT	D	-0.1%
SFL	A	-0.1%
ACAD	F	-0.1%
ANAB	B	-0.1%
SBGI	C	-0.1%
FHI	F	-0.1%
APOG	A	-0.1%
MIDD	D	-0.1%
EEFT	C	-0.1%
HAS	B	-0.1%
GFF	C	-0.1%
BILL	F	-0.1%
MFA	B	-0.1%
IDT	A	-0.1%
CARS	D	-0.09%
TOST	D	-0.09%
GMS	C	-0.09%
LAZ	C	-0.09%
KW	C	-0.09%
PBH	D	-0.09%
SNEX	A	-0.09%
SANA	C	-0.09%
YOU	F	-0.09%
OXM	A	-0.09%
CXW	C	-0.09%
MERC	A	-0.09%
LOVE	B	-0.09%
NAPA	F	-0.08%
OSCR	A	-0.08%
NBR	F	-0.08%
OTTR	B	-0.08%
MTSI	A	-0.08%
DOMO	F	-0.08%
EXPI	D	-0.08%
HEES	F	-0.08%
INVA	B	-0.08%
UVE	B	-0.07%
BCO	A	-0.07%
AIV	B	-0.07%
TXRH	A	-0.07%
ONON	C	-0.07%
LPG	B	-0.07%
CENTA	C	-0.07%
RYN	F	-0.07%
UVV	B	-0.07%
EQC	D	-0.07%
NRC	D	-0.07%
SAFE	D	-0.07%
TLRY	C	-0.07%
CEIX	F	-0.07%
BCRX	F	-0.07%
NTB	A	-0.07%
YEXT	F	-0.07%
POR	B	-0.07%
LGND	D	-0.06%
NYCB	D	-0.06%
PNM	C	-0.06%
HLF	C	-0.06%
STNE	C	-0.06%
HE	F	-0.06%
ESTA	B	-0.06%
CSWI	A	-0.06%
CFLT	D	-0.06%
SVC	F	-0.06%
SIX	D	-0.06%
ALGM	C	-0.06%
ZIP	F	-0.06%
AGS	D	-0.06%
PFBC	A	-0.06%
LADR	A	-0.06%
THR	A	-0.06%
AAN	F	-0.06%
ILPT	C	-0.06%
AMPL	D	-0.05%
CTBI	A	-0.05%
GIII	D	-0.05%
SNBR	F	-0.05%
SCS	D	-0.05%
CARG	C	-0.05%
MMS	C	-0.05%
CNDT	C	-0.05%
FOLD	F	-0.05%
MCY	A	-0.05%
WTTR	B	-0.05%
CERS	F	-0.05%
RGNX	F	-0.05%
JOBY	D	-0.05%
INSW	A	-0.04%
ARCH	D	-0.04%
NX	D	-0.04%
SYM	D	-0.04%
FLNC	B	-0.04%
HMST	D	-0.04%
KNX	F	-0.04%
BRSP	F	-0.04%
NUS	F	-0.04%
AMCX	D	-0.04%
DAR	F	-0.04%
OPI	C	-0.04%
LZ	D	-0.04%
MED	F	-0.04%
SAH	B	-0.04%
STAG	D	-0.04%
NHI	A	-0.04%
ENS	D	-0.04%
UDMY	F	-0.04%
EVH	F	-0.04%
AGX	B	-0.04%
CVI	F	-0.04%
ATHA	F	-0.03%
NTCT	F	-0.03%
GNW	C	-0.03%
RDFN	D	-0.03%
SUPN	D	-0.03%
DBI	D	-0.03%
CNS	D	-0.03%
NEXA	B	-0.03%
TSE	F	-0.03%
MBLY	C	-0.03%
PGEN	D	-0.03%
VCEL	C	-0.03%
RLJ	D	-0.03%
TWO	A	-0.03%
GPRO	F	-0.03%
BMBL	F	-0.03%
NATL	B	-0.03%
ANGI	C	-0.03%
FFWM	F	-0.03%
LANC	D	-0.03%
VNDA	B	-0.03%
USNA	D	-0.03%
TTGT	D	-0.03%
MDXG	D	-0.03%
ALRM	D	-0.03%
CFFN	D	-0.03%
PLCE	F	-0.02%
OPEN	F	-0.02%
MITK	C	-0.02%
OSIS	C	-0.02%
STRO	F	-0.02%
CTRN	D	-0.02%
BOKF	A	-0.02%
SHO	D	-0.02%
LTH	F	-0.02%
AKRO	F	-0.02%
KALU	A	-0.02%
SP	B	-0.02%
SPRY	C	-0.02%
WS	C	-0.02%
PRDO	A	-0.02%
MSM	F	-0.02%
DH	F	-0.02%
SCHL	D	-0.02%
CASH	B	-0.02%
DEI	B	-0.02%
SAM	F	-0.02%
MSEX	D	-0.02%
OI	F	-0.02%
TVTX	F	-0.02%
AMSF	F	-0.02%
VIRT	A	-0.02%
TPB	A	-0.02%
AMBC	D	-0.02%
ATRI	B	-0.02%
VIAV	F	-0.02%
DNB	D	-0.02%
ALLO	F	-0.01%
HMN	A	-0.01%
EGRX	F	-0.01%
NVRO	F	-0.01%
ADPT	F	-0.01%
NFBK	D	-0.01%
TGTX	C	-0.01%
OIS	F	-0.01%
BIGC	F	-0.01%
HTZ	F	-0.01%
CHWY	F	-0.01%
MATW	D	-0.01%
SWI	B	-0.01%
ARR	C	-0.01%
MBC	D	-0.01%
PEB	F	-0.01%
DINO	F	-0.01%
UTL	B	-0.01%
BKH	B	-0.01%
GO	F	-0.01%
BSIG	C	-0.01%
AGEN	D	-0.01%
RXT	C	-0.01%
STGW	B	-0.01%
TR	F	-0.01%
EPC	B	-0.01%
NGVT	B	-0.01%
VAL	D	-0.01%
QRTEA	D	-0.01%
FLWS	D	-0.01%
WTI	F	-0.01%
ENVA	B	-0.01%
SWIM	F	-0.01%
PARA	C	-0.01%
HYFM	D	-0.01%
NMRA	F	-0.01%
OMER	C	-0.01%
TRMK	A	-0.01%
ERAS	D	-0.01%
KRNY	F	-0.01%
EIG	D	-0.01%
PAYO	C	-0.0%
FBNC	F	-0.0%
CHCO	B	-0.0%
BFH	A	-0.0%
EGBN	F	-0.0%
MC	D	-0.0%