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

$44.46

Average Daily Volume

88,928

Number of Holdings ^*

904

* 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

$71.68

Average Daily Volume

70,611

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SMLF
30 Days	6.19%	7.55%
60 Days	6.82%	8.72%
90 Days	7.85%	9.84%
12 Months	32.19%	38.08%

486 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SMLF	Overlap
AA	A	0.19%	0.13%	0.13%
ABG	C	0.12%	0.15%	0.12%
ACA	A	0.14%	0.1%	0.1%
ACHC	F	0.09%	0.04%	0.04%
ACLX	C	0.08%	0.17%	0.08%
ADMA	B	0.06%	0.06%	0.06%
ADT	C	0.12%	0.03%	0.03%
AEIS	C	0.17%	0.01%	0.01%
AEO	F	0.08%	0.05%	0.05%
AFRM	A	0.23%	0.07%	0.07%
AGCO	D	0.13%	0.2%	0.13%
AGNC	C	0.12%	0.16%	0.12%
AGO	B	0.06%	0.27%	0.06%
AGYS	A	0.05%	0.04%	0.04%
AIT	B	0.13%	0.12%	0.12%
ALHC	C	0.07%	0.03%	0.03%
ALKS	C	0.1%	0.3%	0.1%
ALRM	C	0.05%	0.03%	0.03%
ALSN	B	0.26%	0.56%	0.26%
AM	A	0.15%	0.37%	0.15%
AMBC	C	0.05%	0.05%	0.05%
AMG	B	0.19%	0.23%	0.19%
AMN	F	0.04%	0.03%	0.03%
AN	C	0.07%	0.24%	0.07%
ANAB	F	0.03%	0.04%	0.03%
ANF	F	0.15%	0.3%	0.15%
APG	B	0.06%	0.09%	0.06%
APLS	F	0.03%	0.05%	0.03%
APPF	B	0.11%	0.06%	0.06%
AR	B	0.22%	0.21%	0.21%
ARCB	C	0.05%	0.02%	0.02%
ARCT	F	0.04%	0.02%	0.02%
AROC	A	0.1%	0.12%	0.1%
ARW	D	0.09%	0.18%	0.09%
ARWR	D	0.05%	0.04%	0.04%
ASAN	B	0.05%	0.05%	0.05%
ASB	B	0.17%	0.1%	0.1%
ASGN	F	0.14%	0.01%	0.01%
ASH	F	0.04%	0.07%	0.04%
ATEN	A	0.06%	0.09%	0.06%
ATI	C	0.14%	0.14%	0.14%
ATKR	D	0.09%	0.2%	0.09%
ATRC	C	0.07%	0.03%	0.03%
AVAV	C	0.13%	0.05%	0.05%
AVDX	B	0.06%	0.06%	0.06%
AVNT	B	0.07%	0.18%	0.07%
AWR	B	0.05%	0.12%	0.05%
AXS	A	0.19%	0.01%	0.01%
AXSM	B	0.06%	0.22%	0.06%
AXTA	B	0.27%	0.03%	0.03%
AYI	B	0.34%	0.35%	0.34%
AZEK	A	0.13%	0.06%	0.06%
BASE	B	0.05%	0.12%	0.05%
BBIO	F	0.04%	0.03%	0.03%
BC	C	0.07%	0.09%	0.07%
BCC	B	0.16%	0.22%	0.16%
BCPC	B	0.13%	0.04%	0.04%
BDC	C	0.2%	0.08%	0.08%
BDN	C	0.07%	0.13%	0.07%
BEAM	D	0.05%	0.05%	0.05%
BECN	B	0.14%	0.1%	0.1%
BERY	C	0.17%	0.1%	0.1%
BILL	A	0.14%	0.04%	0.04%
BJ	A	0.25%	0.16%	0.16%
BKD	F	0.04%	0.03%	0.03%
BKU	A	0.06%	0.0%	0.0%
BL	B	0.08%	0.16%	0.08%
BLD	D	0.26%	0.21%	0.21%
BLKB	B	0.12%	0.13%	0.12%
BMI	B	0.3%	0.16%	0.16%
BOH	B	0.08%	0.0%	0.0%
BOX	B	0.13%	0.08%	0.08%
BPMC	B	0.08%	0.13%	0.08%
BPOP	C	0.08%	0.53%	0.08%
BRBR	A	0.1%	0.06%	0.06%
BRC	D	0.09%	0.17%	0.09%
BRKR	D	0.13%	0.14%	0.13%
BRX	A	0.16%	0.37%	0.16%
BRY	F	0.03%	0.02%	0.02%
BRZE	C	0.04%	0.13%	0.04%
BWXT	B	0.3%	0.13%	0.13%
BYD	B	0.06%	0.01%	0.01%
CACI	D	0.21%	0.02%	0.02%
CAKE	C	0.06%	0.01%	0.01%
CAL	F	0.04%	0.08%	0.04%
CALX	D	0.05%	0.02%	0.02%
CAR	C	0.06%	0.09%	0.06%
CASY	A	0.52%	0.06%	0.06%
CAVA	B	0.13%	0.34%	0.13%
CBSH	B	0.23%	0.24%	0.23%
CBT	D	0.13%	0.12%	0.12%
CC	C	0.05%	0.06%	0.05%
CDP	C	0.21%	0.03%	0.03%
CFR	B	0.1%	0.25%	0.1%
CGEM	F	0.04%	0.03%	0.03%
CHDN	B	0.14%	0.1%	0.1%
CHE	D	0.14%	0.3%	0.14%
CHWY	B	0.08%	0.03%	0.03%
CHX	C	0.17%	0.11%	0.11%
CIEN	C	0.19%	0.03%	0.03%
CLH	C	0.06%	0.07%	0.06%
CLVT	D	0.05%	0.02%	0.02%
CMA	B	0.21%	0.0%	0.0%
CMC	B	0.22%	0.14%	0.14%
CNM	D	0.22%	0.36%	0.22%
CNMD	C	0.05%	0.07%	0.05%
CNO	B	0.2%	0.16%	0.16%
CNX	A	0.28%	0.06%	0.06%
COKE	C	0.06%	0.22%	0.06%
COOP	B	0.05%	0.41%	0.05%
COUR	F	0.04%	0.09%	0.04%
CPRX	C	0.05%	0.24%	0.05%
CR	A	0.19%	0.35%	0.19%
CRAI	C	0.05%	0.01%	0.01%
CRC	A	0.1%	0.1%	0.1%
CRDO	B	0.12%	0.1%	0.1%
CROX	D	0.15%	0.19%	0.15%
CRS	B	0.15%	0.09%	0.09%
CRSP	D	0.08%	0.02%	0.02%
CRUS	D	0.15%	0.11%	0.11%
CUBE	C	0.2%	0.11%	0.11%
CUBI	B	0.05%	0.09%	0.05%
CUZ	B	0.21%	0.08%	0.08%
CVBF	A	0.12%	0.05%	0.05%
CVLT	B	0.22%	0.08%	0.08%
CVNA	B	0.48%	0.46%	0.46%
CW	C	0.23%	0.23%	0.23%
CWEN	C	0.07%	0.15%	0.07%
CWEN	C	0.05%	0.15%	0.05%
CWK	C	0.07%	0.01%	0.01%
CYTK	F	0.13%	0.11%	0.11%
DCI	B	0.25%	0.18%	0.18%
DEI	B	0.02%	0.0%	0.0%
DFIN	D	0.12%	0.11%	0.11%
DLX	B	0.06%	0.08%	0.06%
DNLI	D	0.1%	0.2%	0.1%
DNOW	B	0.05%	0.1%	0.05%
DOCN	C	0.05%	0.02%	0.02%
DOCS	C	0.08%	0.15%	0.08%
DTM	A	0.28%	0.2%	0.2%
DUOL	A	0.18%	0.44%	0.18%
DY	D	0.1%	0.02%	0.02%
DYN	F	0.04%	0.02%	0.02%
EDR	A	0.05%	0.02%	0.02%
EGP	D	0.21%	0.09%	0.09%
EHC	B	0.29%	0.05%	0.05%
ELAN	D	0.16%	0.08%	0.08%
ELF	C	0.13%	0.2%	0.13%
EMBC	C	0.05%	0.03%	0.03%
ENR	B	0.07%	0.01%	0.01%
ENSG	C	0.2%	0.14%	0.14%
EPAC	C	0.13%	0.07%	0.07%
EPC	F	0.04%	0.01%	0.01%
EPR	C	0.05%	0.02%	0.02%
ESI	B	0.14%	0.15%	0.14%
ESTC	C	0.17%	0.26%	0.17%
ETSY	D	0.1%	0.2%	0.1%
EVR	B	0.12%	0.81%	0.12%
EVRI	A	0.08%	0.02%	0.02%
EWBC	A	0.4%	0.39%	0.39%
EXLS	B	0.23%	0.23%	0.23%
EXPO	D	0.06%	0.09%	0.06%
FAF	A	0.16%	0.16%	0.16%
FBP	C	0.2%	0.0%	0.0%
FCN	F	0.19%	0.04%	0.04%
FFIN	B	0.06%	0.05%	0.05%
FHN	A	0.23%	0.04%	0.04%
FIVN	C	0.07%	0.08%	0.07%
FIX	A	0.38%	0.44%	0.38%
FL	F	0.06%	0.03%	0.03%
FLEX	B	0.33%	0.31%	0.31%
FLG	D	0.05%	0.09%	0.05%
FLO	D	0.04%	0.06%	0.04%
FLR	B	0.1%	0.08%	0.08%
FLYW	B	0.06%	0.04%	0.04%
FN	C	0.17%	0.06%	0.06%
FR	D	0.09%	0.31%	0.09%
FROG	C	0.06%	0.18%	0.06%
FSS	B	0.15%	0.02%	0.02%
FTAI	A	0.24%	0.15%	0.15%
FULT	A	0.12%	0.0%	0.0%
FUN	C	0.06%	0.06%	0.06%
FYBR	C	0.13%	0.13%	0.13%
GAP	C	0.12%	0.23%	0.12%
GATX	A	0.17%	0.15%	0.15%
GDOT	D	0.01%	0.0%	0.0%
GEF	A	0.05%	0.01%	0.01%
GEF	A	0.05%	0.01%	0.01%
GH	B	0.07%	0.19%	0.07%
GKOS	B	0.18%	0.07%	0.07%
GME	C	0.21%	0.16%	0.16%
GMED	A	0.11%	0.03%	0.03%
GNRC	C	0.22%	0.15%	0.15%
GO	C	0.05%	0.01%	0.01%
GPI	B	0.19%	0.22%	0.19%
GPK	C	0.26%	0.26%	0.26%
GTLB	B	0.15%	0.39%	0.15%
GWRE	A	0.43%	0.01%	0.01%
HAE	C	0.12%	0.2%	0.12%
HAIN	D	0.05%	0.01%	0.01%
HALO	F	0.11%	0.24%	0.11%
HAS	D	0.19%	0.19%	0.19%
HASI	D	0.1%	0.07%	0.07%
HCC	B	0.05%	0.06%	0.05%
HELE	C	0.06%	0.04%	0.04%
HI	C	0.07%	0.09%	0.07%
HIMS	B	0.07%	0.1%	0.07%
HIW	C	0.13%	0.18%	0.13%
HNI	B	0.15%	0.03%	0.03%
HOG	D	0.2%	0.15%	0.15%
HOUS	F	0.04%	0.05%	0.04%
HPP	F	0.04%	0.04%	0.04%
HQY	A	0.16%	0.01%	0.01%
HRB	D	0.19%	0.4%	0.19%
HURN	C	0.06%	0.25%	0.06%
HWC	B	0.09%	0.08%	0.08%
HWKN	B	0.07%	0.06%	0.06%
HXL	F	0.14%	0.01%	0.01%
IBKR	A	0.32%	0.45%	0.32%
IBOC	B	0.06%	0.11%	0.06%
IBP	D	0.09%	0.04%	0.04%
ICFI	F	0.08%	0.1%	0.08%
IDCC	B	0.14%	0.09%	0.09%
IESC	C	0.08%	0.03%	0.03%
INSM	C	0.21%	0.1%	0.1%
INSP	D	0.08%	0.12%	0.08%
INTA	B	0.08%	0.27%	0.08%
IONS	F	0.05%	0.14%	0.05%
IOSP	C	0.08%	0.04%	0.04%
ITCI	C	0.15%	0.06%	0.06%
ITGR	B	0.13%	0.05%	0.05%
ITRI	C	0.2%	0.05%	0.05%
ITT	A	0.28%	0.31%	0.28%
IVR	F	0.04%	0.03%	0.03%
IVZ	B	0.24%	0.1%	0.1%
JAMF	F	0.04%	0.01%	0.01%
JANX	C	0.05%	0.03%	0.03%
JEF	A	0.11%	0.4%	0.11%
JELD	F	0.03%	0.02%	0.02%
JHG	B	0.51%	0.31%	0.31%
JXN	C	0.14%	0.0%	0.0%
KBR	F	0.35%	0.12%	0.12%
KD	B	0.1%	0.06%	0.06%
KFY	B	0.09%	0.02%	0.02%
KLG	B	0.05%	0.04%	0.04%
KLIC	B	0.13%	0.1%	0.1%
KNF	B	0.13%	0.07%	0.07%
KNSL	B	0.2%	0.18%	0.18%
KOS	D	0.12%	0.05%	0.05%
KRC	B	0.11%	0.12%	0.11%
KREF	C	0.06%	0.04%	0.04%
KSS	F	0.05%	0.08%	0.05%
KVYO	C	0.05%	0.02%	0.02%
LAZ	B	0.17%	0.11%	0.11%
LBRDA	C	0.11%	0.4%	0.11%
LECO	C	0.2%	0.05%	0.05%
LFUS	D	0.14%	0.05%	0.05%
LIVN	F	0.05%	0.2%	0.05%
LNTH	D	0.1%	0.17%	0.1%
LNW	F	0.19%	0.17%	0.17%
LPX	B	0.17%	0.41%	0.17%
LRN	A	0.13%	0.16%	0.13%
LSCC	D	0.15%	0.23%	0.15%
LSTR	D	0.21%	0.1%	0.1%
LUMN	C	0.19%	0.2%	0.19%
LXP	D	0.06%	0.07%	0.06%
LYFT	C	0.11%	0.1%	0.1%
M	F	0.13%	0.19%	0.13%
MAC	B	0.08%	0.31%	0.08%
MAGN	D	0.01%	0.0%	0.0%
MAN	F	0.06%	0.04%	0.04%
MASI	B	0.06%	0.08%	0.06%
MAT	D	0.13%	0.12%	0.12%
MC	C	0.02%	0.0%	0.0%
MDGL	B	0.05%	0.11%	0.05%
MDU	D	0.18%	0.04%	0.04%
MEDP	D	0.15%	0.38%	0.15%
MGNI	B	0.06%	0.03%	0.03%
MKSI	C	0.14%	0.08%	0.08%
MMS	F	0.04%	0.04%	0.04%
MMSI	A	0.15%	0.14%	0.14%
MOD	A	0.15%	0.25%	0.15%
MOG.A	B	0.24%	0.03%	0.03%
MPW	F	0.05%	0.06%	0.05%
MRC	B	0.05%	0.09%	0.05%
MSA	F	0.17%	0.02%	0.02%
MTG	C	0.23%	0.09%	0.09%
MTN	C	0.2%	0.09%	0.09%
MTRN	C	0.06%	0.1%	0.06%
MTSI	B	0.09%	0.09%	0.09%
MUR	D	0.13%	0.19%	0.13%
NARI	C	0.06%	0.07%	0.06%
NBTB	B	0.06%	0.0%	0.0%
NFG	A	0.2%	0.13%	0.13%
NJR	A	0.21%	0.14%	0.14%
NOV	C	0.15%	0.12%	0.12%
NOVT	D	0.19%	0.14%	0.14%
NSIT	F	0.13%	0.06%	0.06%
NTLA	F	0.04%	0.01%	0.01%
NTNX	B	0.36%	0.56%	0.36%
NTRA	A	0.31%	0.4%	0.31%
NUVL	C	0.05%	0.13%	0.05%
NVST	B	0.06%	0.06%	0.06%
NVT	B	0.19%	0.49%	0.19%
NWL	C	0.1%	0.02%	0.02%
NWN	A	0.07%	0.01%	0.01%
NXST	C	0.09%	0.07%	0.07%
NXT	C	0.1%	0.06%	0.06%
NYT	D	0.18%	0.12%	0.12%
OGS	A	0.31%	0.13%	0.13%
OHI	C	0.19%	0.09%	0.09%
OII	B	0.06%	0.11%	0.06%
OLED	F	0.08%	0.03%	0.03%
OMF	A	0.2%	0.16%	0.16%
OMI	F	0.04%	0.04%	0.04%
ONTO	F	0.21%	0.15%	0.15%
OPCH	D	0.09%	0.08%	0.08%
ORI	A	0.13%	0.41%	0.13%
OSCR	D	0.04%	0.08%	0.04%
OUT	A	0.07%	0.04%	0.04%
OZK	B	0.14%	0.08%	0.08%
PATH	C	0.11%	0.05%	0.05%
PBF	D	0.06%	0.02%	0.02%
PCH	F	0.17%	0.01%	0.01%
PCOR	B	0.17%	0.42%	0.17%
PCTY	C	0.2%	0.14%	0.14%
PCVX	D	0.21%	0.09%	0.09%
PD	C	0.05%	0.08%	0.05%
PDCO	F	0.13%	0.02%	0.02%
PDM	D	0.06%	0.17%	0.06%
PEB	D	0.06%	0.01%	0.01%
PEGA	B	0.11%	0.08%	0.08%
PEN	B	0.17%	0.07%	0.07%
PFSI	C	0.1%	0.04%	0.04%
PGRE	F	0.05%	0.16%	0.05%
PI	D	0.07%	0.14%	0.07%
PIPR	A	0.08%	0.34%	0.08%
PK	C	0.06%	0.05%	0.05%
PLNT	A	0.2%	0.09%	0.09%
PLUS	F	0.06%	0.07%	0.06%
PNFP	B	0.3%	0.1%	0.1%
POWI	F	0.06%	0.01%	0.01%
POWL	C	0.09%	0.38%	0.09%
PR	B	0.19%	0.02%	0.02%
PRG	C	0.05%	0.17%	0.05%
PRGO	C	0.07%	0.04%	0.04%
PRGS	A	0.24%	0.18%	0.18%
PRI	B	0.23%	0.28%	0.23%
PRKS	B	0.08%	0.17%	0.08%
PRO	C	0.06%	0.02%	0.02%
PTCT	B	0.06%	0.02%	0.02%
PTEN	C	0.04%	0.11%	0.04%
PVH	C	0.16%	0.17%	0.16%
PYCR	B	0.06%	0.01%	0.01%
QDEL	F	0.04%	0.03%	0.03%
R	B	0.29%	0.28%	0.28%
RAMP	B	0.05%	0.02%	0.02%
RCUS	F	0.04%	0.04%	0.04%
RDN	D	0.09%	0.06%	0.06%
REVG	C	0.05%	0.03%	0.03%
RGEN	D	0.16%	0.08%	0.08%
RGLD	C	0.29%	0.14%	0.14%
RHI	C	0.21%	0.17%	0.17%
RHP	B	0.19%	0.01%	0.01%
RKT	F	0.04%	0.03%	0.03%
RL	C	0.09%	0.15%	0.09%
RLI	A	0.2%	0.03%	0.03%
RMBS	B	0.14%	0.24%	0.14%
RNG	C	0.05%	0.19%	0.05%
RNR	C	0.24%	0.21%	0.21%
ROIV	C	0.06%	0.01%	0.01%
RRC	B	0.25%	0.19%	0.19%
RRX	B	0.15%	0.2%	0.15%
RUSHA	C	0.05%	0.06%	0.05%
RVMD	C	0.1%	0.04%	0.04%
RYAN	A	0.14%	0.13%	0.13%
RYN	D	0.05%	0.06%	0.05%
S	B	0.12%	0.06%	0.06%
SAIA	B	0.28%	0.12%	0.12%
SATS	D	0.06%	0.12%	0.06%
SCI	B	0.27%	0.14%	0.14%
SEE	C	0.07%	0.0%	0.0%
SF	B	0.18%	0.17%	0.17%
SFBS	C	0.06%	0.13%	0.06%
SFM	A	0.43%	0.6%	0.43%
SIG	B	0.1%	0.26%	0.1%
SITC	D	0.03%	0.02%	0.02%
SITE	F	0.16%	0.05%	0.05%
SKT	A	0.07%	0.24%	0.07%
SKY	A	0.05%	0.15%	0.05%
SLAB	F	0.09%	0.03%	0.03%
SLG	B	0.1%	0.49%	0.1%
SLM	A	0.16%	0.16%	0.16%
SLVM	B	0.05%	0.02%	0.02%
SM	B	0.06%	0.07%	0.06%
SMAR	B	0.14%	0.26%	0.14%
SMTC	B	0.06%	0.05%	0.05%
SNDX	F	0.04%	0.02%	0.02%
SNV	C	0.3%	0.05%	0.05%
SOFI	B	0.22%	0.06%	0.06%
SON	F	0.11%	0.09%	0.09%
SONO	C	0.07%	0.05%	0.05%
SPB	C	0.08%	0.15%	0.08%
SPSC	D	0.16%	0.11%	0.11%
SPT	C	0.04%	0.14%	0.04%
SPXC	A	0.18%	0.3%	0.18%
SR	A	0.14%	0.12%	0.12%
SRPT	F	0.18%	0.2%	0.18%
SSB	B	0.27%	0.02%	0.02%
SSD	F	0.1%	0.14%	0.1%
STRL	A	0.13%	0.29%	0.13%
STWD	C	0.1%	0.06%	0.06%
SWTX	C	0.05%	0.01%	0.01%
SWX	B	0.13%	0.01%	0.01%
TARS	C	0.08%	0.05%	0.05%
TBBK	B	0.08%	0.0%	0.0%
TDC	D	0.1%	0.01%	0.01%
TDOC	C	0.06%	0.18%	0.06%
TDS	B	0.08%	0.04%	0.04%
TENB	C	0.1%	0.08%	0.08%
TEX	F	0.08%	0.19%	0.08%
TGNA	B	0.2%	0.09%	0.09%
TGTX	B	0.06%	0.03%	0.03%
THC	D	0.23%	0.31%	0.23%
THO	B	0.12%	0.13%	0.12%
TILE	B	0.08%	0.05%	0.05%
TMHC	C	0.17%	0.09%	0.09%
TNC	D	0.05%	0.06%	0.05%
TNET	F	0.08%	0.13%	0.08%
TNL	A	0.16%	0.16%	0.16%
TOL	B	0.27%	0.16%	0.16%
TPH	D	0.14%	0.14%	0.14%
TPR	B	0.29%	0.3%	0.29%
TPX	B	0.14%	0.24%	0.14%
TREX	C	0.07%	0.24%	0.07%
TRN	B	0.1%	0.06%	0.06%
TTEK	F	0.16%	0.29%	0.16%
TXRH	B	0.11%	0.07%	0.07%
UGI	C	0.24%	0.1%	0.1%
UMBF	B	0.27%	0.14%	0.14%
UNFI	A	0.07%	0.02%	0.02%
UNIT	B	0.08%	0.07%	0.07%
UNM	A	0.25%	0.0%	0.0%
UPBD	B	0.06%	0.09%	0.06%
USFD	A	0.49%	0.18%	0.18%
VAC	C	0.08%	0.07%	0.07%
VC	F	0.1%	0.08%	0.08%
VECO	F	0.1%	0.1%	0.1%
VERA	C	0.06%	0.09%	0.06%
VFC	C	0.18%	0.08%	0.08%
VITL	D	0.05%	0.03%	0.03%
VKTX	F	0.11%	0.06%	0.06%
VMI	B	0.13%	0.15%	0.13%
VNO	C	0.09%	0.41%	0.09%
VNT	C	0.15%	0.05%	0.05%
VOYA	B	0.16%	0.17%	0.16%
VRNS	D	0.06%	0.1%	0.06%
VSTS	C	0.05%	0.02%	0.02%
W	D	0.06%	0.15%	0.06%
WAL	B	0.22%	0.1%	0.1%
WBS	A	0.27%	0.05%	0.05%
WCC	B	0.24%	0.2%	0.2%
WD	D	0.06%	0.02%	0.02%
WEN	D	0.09%	0.12%	0.09%
WEX	D	0.25%	0.09%	0.09%
WFRD	D	0.15%	0.35%	0.15%
WGO	C	0.12%	0.05%	0.05%
WH	B	0.15%	0.12%	0.12%
WING	D	0.19%	0.36%	0.19%
WK	B	0.2%	0.34%	0.2%
WMS	F	0.21%	0.1%	0.1%
WNC	C	0.05%	0.07%	0.05%
WSC	F	0.17%	0.09%	0.09%
WTFC	A	0.07%	0.02%	0.02%
WTM	A	0.13%	0.16%	0.13%
WTS	B	0.21%	0.12%	0.12%
X	B	0.14%	0.1%	0.1%
XHR	B	0.07%	0.03%	0.03%
XPO	B	0.33%	0.17%	0.17%
XPRO	D	0.05%	0.01%	0.01%
XRAY	F	0.05%	0.2%	0.05%
XRX	F	0.04%	0.18%	0.04%
YELP	C	0.05%	0.06%	0.05%
YETI	D	0.12%	0.08%	0.08%
ZION	B	0.2%	0.24%	0.2%
ZUO	B	0.05%	0.01%	0.01%

ESML Overweight 418 Positions Relative to SMLF

Symbol	Grade	Weight
INGR	C	0.42%
FTI	A	0.35%
JLL	D	0.34%
MUSA	B	0.34%
FRT	B	0.31%
REXR	F	0.31%
OSK	C	0.3%
GBCI	B	0.3%
RGA	A	0.3%
SIGI	C	0.29%
SUM	B	0.28%
COHR	B	0.28%
AVT	C	0.27%
MWA	B	0.25%
AAON	B	0.25%
ATR	B	0.24%
HRI	C	0.24%
NCLH	B	0.24%
REZI	A	0.23%
ARMK	B	0.23%
AWI	A	0.23%
ALK	B	0.23%
FTDR	B	0.22%
LAD	A	0.22%
FELE	B	0.22%
FND	D	0.2%
WHR	B	0.2%
KBH	D	0.2%
BHLB	B	0.2%
HHH	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
ONB	C	0.19%
SNDR	B	0.19%
DAR	C	0.19%
FRPT	A	0.19%
WWD	C	0.19%
BANR	B	0.18%
BWA	D	0.18%
THG	A	0.18%
KNTK	A	0.18%
MORN	B	0.18%
EPRT	B	0.18%
ENLC	A	0.18%
MTH	D	0.17%
PLXS	B	0.17%
VVV	D	0.17%
UBSI	B	0.17%
MTZ	B	0.17%
KTB	B	0.16%
DLB	B	0.16%
MYRG	B	0.16%
DBX	B	0.16%
EAT	A	0.16%
TKO	A	0.16%
ACIW	B	0.16%
BHE	C	0.16%
JAZZ	B	0.16%
FLS	B	0.16%
GXO	B	0.16%
CFLT	B	0.15%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
CPF	B	0.15%
FIBK	B	0.15%
PINC	B	0.14%
GTLS	A	0.14%
PRIM	A	0.14%
ALTR	B	0.14%
IBCP	B	0.14%
CZR	F	0.14%
FMC	D	0.14%
HESM	B	0.13%
CPK	A	0.13%
NPO	A	0.13%
COLB	B	0.13%
CABO	B	0.13%
OLLI	D	0.12%
IRDM	D	0.12%
QTWO	A	0.12%
RKLB	A	0.12%
WHD	B	0.12%
GL	C	0.12%
WERN	C	0.12%
MTX	B	0.12%
CSGS	B	0.11%
DXC	B	0.11%
ORA	B	0.11%
ABCB	B	0.11%
AUB	B	0.11%
XENE	D	0.11%
WDFC	B	0.11%
SHOO	F	0.11%
CRNX	C	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
ADC	A	0.11%
MRCY	C	0.11%
KAR	B	0.11%
RXO	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
SCL	C	0.1%
HCP	B	0.1%
FA	C	0.1%
DV	C	0.1%
CAC	C	0.1%
FUL	F	0.1%
BHVN	D	0.1%
DRS	B	0.1%
APAM	B	0.1%
LITE	B	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	B	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
AMAL	B	0.1%
CGNX	D	0.1%
LCII	C	0.1%
ALTM	B	0.1%
PSN	D	0.1%
FIVE	F	0.1%
LEA	F	0.1%
OGN	F	0.09%
AMED	F	0.09%
RNA	C	0.09%
ABM	B	0.09%
NMIH	C	0.09%
UPST	B	0.09%
U	C	0.09%
CNK	C	0.09%
POST	C	0.09%
SHAK	C	0.09%
MGRC	B	0.09%
CURB	D	0.09%
ZI	D	0.09%
ESE	B	0.09%
SJW	F	0.09%
MARA	B	0.09%
CRVL	B	0.09%
IMAX	B	0.09%
LNC	C	0.09%
AVPT	A	0.08%
AMWD	C	0.08%
SBRA	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
KTOS	B	0.08%
KOP	C	0.08%
AUR	C	0.08%
EWTX	C	0.08%
SNX	D	0.08%
VSEC	C	0.08%
ST	F	0.08%
ALG	B	0.08%
SASR	B	0.08%
PLYA	B	0.08%
PRVA	C	0.08%
LBPH	A	0.08%
INDB	B	0.08%
ENOV	C	0.08%
BWIN	C	0.08%
HR	B	0.08%
NTGR	B	0.08%
LNN	B	0.08%
STC	B	0.08%
PRCT	B	0.08%
JBT	B	0.08%
GVA	A	0.08%
ZD	B	0.08%
PLMR	A	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
EE	A	0.07%
GBX	A	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
WU	F	0.07%
GT	C	0.07%
HGV	C	0.07%
ESRT	C	0.07%
PECO	A	0.07%
HAFC	B	0.07%
COLM	C	0.07%
VSCO	C	0.07%
GTES	A	0.07%
ESNT	F	0.07%
VVX	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
AZTA	D	0.07%
MHK	D	0.07%
BROS	A	0.07%
VCTR	B	0.07%
HBI	B	0.07%
CTS	C	0.07%
WRBY	A	0.07%
SXT	C	0.07%
CCCS	B	0.07%
AZZ	A	0.07%
PAR	A	0.07%
ATGE	B	0.06%
CBZ	B	0.06%
VRRM	F	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
AAP	D	0.06%
TMCI	C	0.06%
CLSK	C	0.06%
IRON	B	0.06%
DCO	C	0.06%
RBBN	C	0.06%
VRTS	B	0.06%
MBUU	B	0.06%
PLAY	D	0.06%
MOV	D	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
VRNT	C	0.06%
JWN	D	0.06%
CMCO	C	0.06%
CHH	A	0.06%
CWAN	B	0.06%
EXP	B	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
RUSHB	C	0.06%
KROS	D	0.06%
VREX	B	0.06%
ANDE	D	0.06%
VBTX	B	0.06%
CART	C	0.06%
BOOT	C	0.06%
OWL	A	0.06%
PPBI	C	0.06%
ACVA	B	0.06%
RCM	A	0.06%
IDYA	F	0.06%
EYE	C	0.06%
CLB	B	0.06%
MNKD	C	0.06%
CCS	D	0.06%
TALO	C	0.06%
TGI	B	0.06%
VNOM	A	0.06%
FRSH	B	0.06%
KE	C	0.06%
ENV	B	0.06%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	A	0.06%
VRDN	D	0.06%
VERX	A	0.06%
PAHC	C	0.06%
CALM	A	0.06%
RH	C	0.06%
VVI	C	0.06%
COMP	B	0.06%
PAYO	A	0.06%
BANC	B	0.06%
CBU	B	0.06%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	F	0.05%
HZO	F	0.05%
BNL	D	0.05%
AXL	C	0.05%
ARVN	F	0.05%
PBI	B	0.05%
NUVB	C	0.05%
THRM	F	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
HLX	B	0.05%
PLOW	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	B	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
GERN	D	0.05%
APGE	F	0.05%
CDE	C	0.05%
GOGO	C	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
MLTX	B	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
MLNK	C	0.05%
MODG	F	0.05%
AI	B	0.05%
PTGX	D	0.05%
XPEL	B	0.05%
PFS	B	0.05%
RUN	F	0.05%
DGII	C	0.05%
PRAA	D	0.05%
INFN	D	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	C	0.05%
SMP	C	0.05%
LCID	F	0.05%
ELVN	D	0.05%
MTTR	B	0.05%
KYMR	D	0.05%
HAYW	B	0.05%
NEO	C	0.05%
VYX	B	0.05%
OMCL	C	0.05%
MMI	C	0.05%
BGC	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
MHO	D	0.05%
FFBC	B	0.05%
TMDX	F	0.05%
BE	B	0.05%
ADUS	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	0.05%
KMPR	A	0.05%
ASTE	C	0.05%
LOPE	C	0.05%
UFPT	C	0.05%
HLIT	D	0.05%
ARQT	B	0.05%
LEG	F	0.05%
JBGS	F	0.05%
UAA	C	0.05%
MXL	C	0.05%
NCNO	C	0.05%
COLD	D	0.05%
NBHC	C	0.05%
ALKT	B	0.05%
CIVI	D	0.05%
RCKT	F	0.04%
FOXF	F	0.04%
CLW	F	0.04%
FORM	D	0.04%
GPRE	F	0.04%
FLGT	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
CRI	F	0.04%
QS	F	0.04%
PRTA	F	0.04%
PGNY	F	0.04%
CLDX	F	0.04%
EGY	D	0.04%
ESTA	D	0.04%
CXM	C	0.04%
TNDM	D	0.04%
SAVA	C	0.04%
LESL	D	0.04%
SIBN	F	0.04%
MLKN	F	0.04%
IMVT	F	0.04%
NABL	F	0.04%
MTUS	C	0.04%
AMC	C	0.04%
PLUG	F	0.04%
PLRX	D	0.04%
HL	D	0.04%
DK	C	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
NVCR	C	0.04%
MEI	F	0.04%
LGF.A	C	0.04%
CWT	C	0.04%
THS	D	0.04%
UCB	A	0.04%
KRYS	C	0.04%
RXRX	F	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
AHH	D	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
WOLF	F	0.03%
MEG	F	0.03%
TXG	F	0.03%
CNXC	F	0.03%
CDNA	D	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
CRMT	D	0.03%
CCRN	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
MQ	D	0.03%
STAA	F	0.03%
KELYA	F	0.03%
AGL	F	0.02%
NOVA	F	0.02%
VSAT	F	0.02%
SEDG	F	0.02%
ASPN	F	0.02%

ESML Underweight 326 Positions Relative to SMLF

Symbol	Grade	Weight
APP	B	-1.49%
EME	A	-0.94%
MSTR	B	-0.73%
DECK	A	-0.72%
AXON	A	-0.66%
JBL	C	-0.55%
MANH	D	-0.5%
MLI	B	-0.49%
RS	B	-0.49%
IDA	A	-0.46%
COCO	A	-0.43%
WSM	C	-0.42%
CSL	C	-0.41%
IOT	A	-0.41%
UTHR	C	-0.38%
DKS	D	-0.38%
LAMR	C	-0.33%
HSII	B	-0.31%
WSO	A	-0.31%
SOLV	D	-0.31%
DDS	B	-0.31%
CORT	B	-0.3%
GGG	B	-0.3%
EXE	A	-0.29%
PSTG	D	-0.29%
SN	D	-0.27%
FCNCA	A	-0.27%
AMH	C	-0.25%
OVV	B	-0.25%
EXEL	B	-0.24%
IMKTA	C	-0.24%
ENTG	D	-0.23%
YOU	D	-0.23%
UFPI	C	-0.23%
SANM	B	-0.22%
APA	D	-0.22%
RPM	A	-0.22%
WS	C	-0.22%
MATX	C	-0.21%
TOST	B	-0.21%
AZPN	A	-0.21%
RDDT	A	-0.2%
BBWI	C	-0.2%
TPG	A	-0.2%
SMG	C	-0.19%
JOE	F	-0.19%
NAVI	F	-0.19%
ACM	B	-0.19%
HLI	A	-0.18%
NDSN	B	-0.18%
VCYT	B	-0.18%
ESAB	C	-0.18%
OC	A	-0.18%
GLPI	C	-0.18%
MMYT	B	-0.17%
TKR	D	-0.17%
KRG	B	-0.17%
AIZ	A	-0.17%
EXTR	C	-0.17%
JBSS	F	-0.17%
KIM	A	-0.16%
IVT	A	-0.16%
SRCE	B	-0.16%
ALLE	C	-0.16%
CVCO	A	-0.16%
KFRC	D	-0.16%
LBTYA	F	-0.15%
SBGI	B	-0.15%
ONON	A	-0.15%
XNCR	B	-0.15%
GES	F	-0.15%
AMR	C	-0.14%
VSTO	A	-0.14%
IGT	F	-0.14%
BANF	B	-0.14%
UA	C	-0.14%
TTC	C	-0.14%
YEXT	B	-0.14%
AY	A	-0.14%
VMEO	B	-0.13%
IPAR	B	-0.13%
ACCO	C	-0.13%
GOLF	B	-0.13%
KAI	B	-0.13%
QLYS	B	-0.13%
GEO	B	-0.12%
ACLS	F	-0.12%
OGE	A	-0.12%
GFF	A	-0.12%
BKE	B	-0.12%
BSY	F	-0.12%
WAFD	B	-0.12%
NTCT	C	-0.11%
FHI	B	-0.11%
TXNM	A	-0.11%
PARA	C	-0.11%
SSTK	F	-0.11%
LOVE	A	-0.11%
MFA	D	-0.11%
ACAD	C	-0.11%
HTH	C	-0.11%
CARG	B	-0.11%
BAND	B	-0.11%
ODP	F	-0.11%
APOG	C	-0.11%
CXW	C	-0.11%
MCB	B	-0.11%
NSP	F	-0.11%
BCRX	D	-0.11%
KW	C	-0.1%
HP	C	-0.1%
EXPI	D	-0.1%
NNN	C	-0.1%
HUN	F	-0.1%
HOV	D	-0.1%
SYNA	C	-0.1%
ALX	D	-0.1%
CMPR	D	-0.1%
AGM	B	-0.1%
EEFT	B	-0.09%
VSH	F	-0.09%
CXT	C	-0.09%
PHIN	A	-0.09%
JACK	C	-0.09%
HEES	C	-0.09%
PBH	A	-0.09%
LGND	C	-0.09%
LZ	C	-0.09%
ALIT	C	-0.09%
INVA	D	-0.09%
DVAX	C	-0.09%
AMLX	C	-0.09%
OLN	F	-0.09%
LILA	D	-0.08%
VIR	D	-0.08%
SCS	C	-0.08%
FHB	B	-0.08%
KN	B	-0.08%
GMS	B	-0.08%
WOR	F	-0.08%
CACC	D	-0.08%
NSSC	D	-0.08%
AGX	B	-0.08%
CARS	C	-0.08%
MIDD	C	-0.08%
ALV	C	-0.08%
CSWI	B	-0.08%
EQC	B	-0.07%
DH	F	-0.07%
AMRX	C	-0.07%
EYPT	D	-0.07%
WYNN	C	-0.07%
MATV	D	-0.07%
RIG	D	-0.07%
AMPH	F	-0.07%
POR	C	-0.07%
AMPL	B	-0.07%
FLNC	D	-0.07%
WLY	B	-0.07%
NBR	C	-0.07%
NTB	B	-0.07%
DOMO	B	-0.07%
GCO	C	-0.07%
SNEX	B	-0.07%
CEIX	A	-0.07%
AVXL	B	-0.06%
OXM	F	-0.06%
GPMT	C	-0.06%
COTY	F	-0.06%
ILPT	F	-0.06%
AMCX	C	-0.06%
MCY	A	-0.06%
CTBI	B	-0.06%
ASO	F	-0.06%
LADR	B	-0.06%
WTTR	A	-0.06%
IRTC	C	-0.06%
ADEA	C	-0.06%
BCO	F	-0.06%
SFL	D	-0.06%
AIV	C	-0.06%
OTTR	C	-0.06%
HE	C	-0.06%
UVV	B	-0.06%
MED	D	-0.06%
FOLD	F	-0.05%
ACI	C	-0.05%
PZZA	F	-0.05%
LBTYK	A	-0.05%
CERS	D	-0.05%
BLMN	F	-0.05%
MERC	F	-0.05%
ZIP	D	-0.05%
THR	B	-0.05%
WBA	F	-0.05%
MDXG	B	-0.05%
CENTA	C	-0.05%
STAG	D	-0.04%
DAWN	D	-0.04%
CORZ	B	-0.04%
DIN	C	-0.04%
LPG	F	-0.04%
AGS	A	-0.04%
IDT	B	-0.04%
ENS	F	-0.04%
SANA	F	-0.04%
TPB	B	-0.04%
SAH	C	-0.04%
NATL	B	-0.04%
CELH	F	-0.04%
ARRY	F	-0.04%
ROKU	D	-0.04%
CFFN	C	-0.04%
HLF	C	-0.04%
ANGI	F	-0.04%
NHI	D	-0.04%
HSTM	B	-0.04%
SWIM	C	-0.03%
VIAV	C	-0.03%
RDFN	D	-0.03%
LTH	C	-0.03%
CHRD	D	-0.03%
SUPN	C	-0.03%
VNDA	C	-0.03%
RGNX	D	-0.03%
EVTC	B	-0.03%
VCEL	B	-0.03%
NX	C	-0.03%
DNB	B	-0.03%
QXO	D	-0.03%
OFIX	C	-0.03%
VIRT	A	-0.03%
SNBR	F	-0.03%
RYI	C	-0.03%
UDMY	D	-0.03%
ARCH	B	-0.03%
BRSP	C	-0.03%
ACCD	D	-0.03%
TCBI	C	-0.03%
RPD	B	-0.03%
SPRY	C	-0.03%
CNS	B	-0.03%
UVE	B	-0.03%
NRC	F	-0.03%
OI	C	-0.03%
CVI	F	-0.03%
RXT	C	-0.02%
ERAS	C	-0.02%
WOOF	D	-0.02%
OSIS	A	-0.02%
MSM	C	-0.02%
TSE	F	-0.02%
OMER	A	-0.02%
EVH	F	-0.02%
QRTEA	F	-0.02%
GPRO	F	-0.02%
SAFE	F	-0.02%
KRNY	C	-0.02%
DAN	D	-0.02%
ALAB	B	-0.02%
NUS	D	-0.02%
BMBL	C	-0.02%
OPI	F	-0.02%
IRWD	F	-0.02%
MTW	C	-0.02%
DBI	F	-0.02%
LMAT	A	-0.02%
RLJ	C	-0.02%
TLRY	F	-0.02%
SVC	F	-0.02%
TWO	F	-0.02%
CNDT	C	-0.02%
OPEN	F	-0.02%
AKRO	B	-0.02%
GIII	D	-0.02%
USNA	C	-0.02%
LANC	C	-0.02%
ALGM	D	-0.01%
VAL	F	-0.01%
DINO	D	-0.01%
PGEN	F	-0.01%
AIN	C	-0.01%
ARR	D	-0.01%
SFIX	B	-0.01%
FLWS	D	-0.01%
MBC	F	-0.01%
BIGC	B	-0.01%
MLAB	F	-0.01%
JOBY	B	-0.01%
UTL	B	-0.01%
WTI	F	-0.01%
BKH	A	-0.01%
SWI	C	-0.01%
MITK	C	-0.01%
VRE	B	-0.01%
TR	B	-0.01%
TTGT	B	-0.01%
HCAT	D	-0.01%
OIS	B	-0.01%
RBRK	A	-0.01%
NGVT	B	-0.01%
ENVA	B	-0.01%
HMST	F	-0.01%
STGW	A	-0.01%
OLPX	D	-0.01%
BSIG	A	-0.01%
HTZ	C	-0.01%
MBLY	C	-0.01%
OSUR	F	-0.01%
KALU	C	-0.01%
PII	F	-0.01%
NEXA	B	-0.01%
UPWK	B	-0.01%
NFBK	C	-0.01%
SHO	D	-0.01%
BFH	C	-0.0%
CHCO	B	-0.0%
EGBN	B	-0.0%
EIG	B	-0.0%
TRMK	C	-0.0%
GNW	A	-0.0%
PFBC	B	-0.0%
CASH	B	-0.0%
PRDO	B	-0.0%
AX	B	-0.0%
OFG	B	-0.0%