SMLF vs. ESML ETF Comparison

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

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

$66.59

Average Daily Volume

65,829

Number of Holdings ^*

809

* may have additional holdings in another (foreign) market

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

$41.98

Average Daily Volume

104,539

Number of Holdings ^*

902

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	ESML
30 Days	0.61%	0.75%
60 Days	1.74%	0.94%
90 Days	7.43%	1.16%
12 Months	33.73%	30.03%

485 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in ESML	Overlap
AA	B	0.14%	0.2%	0.14%
ABG	C	0.14%	0.11%	0.11%
ACA	B	0.09%	0.13%	0.09%
ACHC	F	0.05%	0.13%	0.05%
ACLX	B	0.16%	0.07%	0.07%
ADMA	B	0.05%	0.05%	0.05%
ADT	B	0.03%	0.13%	0.03%
AEIS	A	0.02%	0.17%	0.02%
AEO	F	0.06%	0.09%	0.06%
AFRM	A	0.06%	0.19%	0.06%
AGCO	C	0.23%	0.15%	0.15%
AGNC	D	0.17%	0.12%	0.12%
AGO	B	0.26%	0.06%	0.06%
AGYS	D	0.04%	0.05%	0.04%
AIT	A	0.11%	0.12%	0.11%
ALHC	A	0.03%	0.07%	0.03%
ALKS	F	0.29%	0.1%	0.1%
ALRM	F	0.03%	0.04%	0.03%
ALSN	A	0.55%	0.23%	0.23%
AM	C	0.38%	0.15%	0.15%
AMBC	D	0.05%	0.05%	0.05%
AMG	A	0.26%	0.2%	0.2%
AMN	F	0.05%	0.07%	0.05%
AN	F	0.24%	0.07%	0.07%
ANAB	F	0.05%	0.04%	0.04%
ANF	F	0.3%	0.15%	0.15%
APG	B	0.09%	0.06%	0.06%
APLS	F	0.05%	0.03%	0.03%
APPF	D	0.06%	0.11%	0.06%
AR	F	0.19%	0.21%	0.19%
ARCB	F	0.02%	0.05%	0.02%
ARCT	F	0.02%	0.04%	0.02%
AROC	D	0.11%	0.09%	0.09%
ARW	D	0.19%	0.11%	0.11%
ARWR	F	0.03%	0.05%	0.03%
ASAN	D	0.05%	0.04%	0.04%
ASB	A	0.09%	0.16%	0.09%
ASGN	F	0.01%	0.15%	0.01%
ASH	F	0.08%	0.05%	0.05%
ATEN	A	0.08%	0.05%	0.05%
ATI	F	0.14%	0.15%	0.14%
ATKR	F	0.2%	0.09%	0.09%
ATRC	A	0.03%	0.06%	0.03%
AVAV	B	0.05%	0.14%	0.05%
AVDX	C	0.05%	0.05%	0.05%
AVNT	D	0.18%	0.07%	0.07%
AWR	C	0.12%	0.05%	0.05%
AXS	C	0.01%	0.19%	0.01%
AXSM	C	0.22%	0.05%	0.05%
AXTA	A	0.03%	0.25%	0.03%
AYI	A	0.35%	0.33%	0.33%
AZEK	C	0.06%	0.13%	0.06%
BASE	C	0.11%	0.04%	0.04%
BBIO	D	0.03%	0.05%	0.03%
BC	C	0.1%	0.08%	0.08%
BCC	D	0.22%	0.16%	0.16%
BCPC	C	0.04%	0.13%	0.04%
BDC	B	0.08%	0.2%	0.08%
BDN	C	0.14%	0.07%	0.07%
BEAM	F	0.04%	0.04%	0.04%
BECN	B	0.09%	0.13%	0.09%
BERY	A	0.12%	0.18%	0.12%
BILL	A	0.03%	0.1%	0.03%
BJ	A	0.16%	0.26%	0.16%
BKD	D	0.04%	0.04%	0.04%
BKU	C	0.0%	0.06%	0.0%
BL	B	0.15%	0.08%	0.08%
BLD	F	0.22%	0.26%	0.22%
BLKB	D	0.12%	0.13%	0.12%
BMI	D	0.15%	0.29%	0.15%
BOH	A	0.0%	0.08%	0.0%
BOX	D	0.08%	0.13%	0.08%
BPMC	C	0.12%	0.07%	0.07%
BPOP	F	0.53%	0.08%	0.08%
BRBR	A	0.06%	0.09%	0.06%
BRC	D	0.17%	0.09%	0.09%
BRKR	D	0.15%	0.14%	0.14%
BRX	C	0.37%	0.16%	0.16%
BRY	F	0.02%	0.04%	0.02%
BRZE	F	0.12%	0.04%	0.04%
BWXT	B	0.13%	0.3%	0.13%
BYD	A	0.01%	0.06%	0.01%
CACI	A	0.02%	0.25%	0.02%
CAKE	A	0.01%	0.05%	0.01%
CAL	F	0.08%	0.04%	0.04%
CALX	D	0.03%	0.07%	0.03%
CAR	C	0.07%	0.05%	0.05%
CASY	A	0.06%	0.53%	0.06%
CAVA	B	0.35%	0.13%	0.13%
CBSH	A	0.22%	0.21%	0.21%
CBT	B	0.13%	0.13%	0.13%
CC	F	0.06%	0.05%	0.05%
CDP	B	0.04%	0.23%	0.04%
CFR	B	0.25%	0.09%	0.09%
CGEM	F	0.04%	0.05%	0.04%
CHDN	B	0.1%	0.15%	0.1%
CHE	F	0.31%	0.16%	0.16%
CHWY	D	0.03%	0.07%	0.03%
CHX	F	0.11%	0.16%	0.11%
CIEN	B	0.03%	0.18%	0.03%
CLH	C	0.06%	0.06%	0.06%
CLVT	D	0.03%	0.07%	0.03%
CMA	A	0.22%	0.19%	0.19%
CMC	A	0.13%	0.21%	0.13%
CNM	D	0.4%	0.24%	0.24%
CNMD	D	0.07%	0.05%	0.05%
CNO	A	0.15%	0.18%	0.15%
CNX	B	0.05%	0.27%	0.05%
COKE	D	0.22%	0.06%	0.06%
COOP	D	0.4%	0.05%	0.05%
COUR	F	0.1%	0.04%	0.04%
CPRX	A	0.25%	0.05%	0.05%
CR	B	0.34%	0.18%	0.18%
CRAI	B	0.01%	0.06%	0.01%
CRC	B	0.09%	0.1%	0.09%
CRDO	A	0.09%	0.13%	0.09%
CROX	F	0.22%	0.17%	0.17%
CRS	B	0.09%	0.15%	0.09%
CRSP	C	0.02%	0.08%	0.02%
CRUS	F	0.13%	0.18%	0.13%
CUBE	D	0.12%	0.21%	0.12%
CUBI	D	0.08%	0.05%	0.05%
CUZ	B	0.09%	0.22%	0.09%
CVBF	B	0.04%	0.1%	0.04%
CVLT	B	0.08%	0.23%	0.08%
CVNA	A	0.5%	0.43%	0.43%
CW	B	0.23%	0.24%	0.23%
CWEN	C	0.17%	0.07%	0.07%
CWEN	C	0.17%	0.05%	0.05%
CWK	C	0.01%	0.07%	0.01%
CYTK	F	0.11%	0.13%	0.11%
DCI	B	0.19%	0.25%	0.19%
DEI	B	0.0%	0.02%	0.0%
DFIN	F	0.11%	0.13%	0.11%
DLX	F	0.07%	0.05%	0.05%
DNLI	C	0.2%	0.1%	0.1%
DNOW	F	0.08%	0.04%	0.04%
DOCN	B	0.02%	0.05%	0.02%
DOCS	A	0.13%	0.07%	0.07%
DTM	A	0.19%	0.26%	0.19%
DUOL	A	0.43%	0.17%	0.17%
DY	C	0.02%	0.1%	0.02%
DYN	F	0.02%	0.04%	0.02%
EDR	A	0.02%	0.05%	0.02%
EGP	D	0.1%	0.22%	0.1%
EHC	A	0.05%	0.3%	0.05%
ELAN	D	0.08%	0.15%	0.08%
ELF	F	0.18%	0.13%	0.13%
EMBC	C	0.03%	0.05%	0.03%
ENR	B	0.01%	0.07%	0.01%
ENSG	A	0.16%	0.23%	0.16%
EPAC	A	0.07%	0.12%	0.07%
EPC	D	0.01%	0.05%	0.01%
EPR	D	0.02%	0.06%	0.02%
ESI	A	0.16%	0.14%	0.14%
ESTC	D	0.25%	0.16%	0.16%
ETSY	D	0.21%	0.1%	0.1%
EVR	A	0.76%	0.11%	0.11%
EVRI	A	0.02%	0.08%	0.02%
EWBC	A	0.39%	0.39%	0.39%
EXLS	A	0.23%	0.21%	0.21%
EXPO	D	0.1%	0.06%	0.06%
FAF	D	0.17%	0.16%	0.16%
FBP	D	0.0%	0.18%	0.0%
FCN	F	0.04%	0.2%	0.04%
FFIN	D	0.04%	0.06%	0.04%
FHN	B	0.04%	0.21%	0.04%
FIVN	C	0.06%	0.06%	0.06%
FIX	B	0.42%	0.36%	0.36%
FL	D	0.03%	0.06%	0.03%
FLEX	A	0.31%	0.32%	0.31%
FLG	D	0.09%	0.05%	0.05%
FLO	F	0.07%	0.05%	0.05%
FLR	B	0.09%	0.11%	0.09%
FLYW	C	0.03%	0.05%	0.03%
FN	B	0.06%	0.18%	0.06%
FR	D	0.33%	0.09%	0.09%
FROG	C	0.18%	0.06%	0.06%
FSS	F	0.02%	0.14%	0.02%
FTAI	A	0.14%	0.23%	0.14%
FULT	B	0.0%	0.11%	0.0%
FUN	C	0.05%	0.06%	0.05%
FYBR	A	0.15%	0.14%	0.14%
GAP	D	0.23%	0.12%	0.12%
GATX	A	0.14%	0.17%	0.14%
GDOT	C	0.0%	0.01%	0.0%
GEF	B	0.01%	0.05%	0.01%
GEF	B	0.01%	0.05%	0.01%
GH	D	0.15%	0.05%	0.05%
GKOS	B	0.07%	0.19%	0.07%
GME	B	0.14%	0.19%	0.14%
GMED	A	0.03%	0.1%	0.03%
GNRC	A	0.14%	0.2%	0.14%
GO	F	0.01%	0.05%	0.01%
GPI	C	0.21%	0.17%	0.17%
GPK	D	0.28%	0.28%	0.28%
GTLB	A	0.36%	0.14%	0.14%
GWRE	B	0.01%	0.44%	0.01%
HAE	F	0.17%	0.1%	0.1%
HAIN	A	0.02%	0.07%	0.02%
HALO	B	0.24%	0.11%	0.11%
HAS	D	0.21%	0.2%	0.2%
HASI	B	0.09%	0.12%	0.09%
HCC	A	0.06%	0.05%	0.05%
HELE	C	0.04%	0.06%	0.04%
HI	F	0.08%	0.06%	0.06%
HIMS	B	0.1%	0.08%	0.08%
HIW	C	0.2%	0.15%	0.15%
HNI	D	0.03%	0.14%	0.03%
HOG	F	0.15%	0.21%	0.15%
HOUS	F	0.05%	0.04%	0.04%
HPP	F	0.04%	0.04%	0.04%
HQY	B	0.01%	0.15%	0.01%
HRB	D	0.43%	0.2%	0.2%
HURN	A	0.26%	0.05%	0.05%
HWC	A	0.07%	0.08%	0.07%
HWKN	D	0.05%	0.07%	0.05%
HXL	F	0.02%	0.15%	0.02%
IBKR	A	0.41%	0.29%	0.29%
IBOC	B	0.1%	0.06%	0.06%
IBP	F	0.05%	0.1%	0.05%
ICFI	B	0.11%	0.09%	0.09%
IDCC	A	0.08%	0.12%	0.08%
IESC	A	0.03%	0.06%	0.03%
INSM	D	0.1%	0.22%	0.1%
INSP	D	0.14%	0.1%	0.1%
INTA	B	0.25%	0.07%	0.07%
IONS	F	0.15%	0.05%	0.05%
IOSP	F	0.04%	0.07%	0.04%
ITCI	A	0.06%	0.14%	0.06%
ITGR	D	0.05%	0.13%	0.05%
ITRI	A	0.05%	0.18%	0.05%
ITT	C	0.31%	0.28%	0.28%
IVR	F	0.03%	0.05%	0.03%
IVZ	A	0.1%	0.25%	0.1%
JAMF	D	0.01%	0.04%	0.01%
JANX	A	0.03%	0.06%	0.03%
JEF	B	0.37%	0.1%	0.1%
JELD	F	0.03%	0.05%	0.03%
JHG	A	0.29%	0.48%	0.29%
JXN	B	0.0%	0.15%	0.0%
KBR	B	0.14%	0.41%	0.14%
KD	D	0.06%	0.09%	0.06%
KFY	C	0.02%	0.08%	0.02%
KLG	F	0.04%	0.05%	0.04%
KLIC	B	0.11%	0.14%	0.11%
KNF	A	0.08%	0.14%	0.08%
KNSL	F	0.17%	0.19%	0.17%
KOS	F	0.05%	0.11%	0.05%
KRC	B	0.13%	0.12%	0.12%
KREF	D	0.04%	0.07%	0.04%
KSS	F	0.09%	0.05%	0.05%
KVYO	A	0.02%	0.06%	0.02%
LAZ	A	0.11%	0.16%	0.11%
LBRDA	A	0.39%	0.11%	0.11%
LECO	B	0.05%	0.2%	0.05%
LFUS	D	0.05%	0.15%	0.05%
LIVN	C	0.21%	0.06%	0.06%
LNTH	C	0.25%	0.15%	0.15%
LNW	D	0.18%	0.2%	0.18%
LPX	D	0.38%	0.16%	0.16%
LRN	A	0.16%	0.12%	0.12%
LSCC	C	0.24%	0.17%	0.17%
LSTR	D	0.1%	0.21%	0.1%
LUMN	A	0.16%	0.15%	0.15%
LXP	D	0.07%	0.06%	0.06%
LYFT	C	0.08%	0.09%	0.08%
M	D	0.2%	0.13%	0.13%
MAC	B	0.33%	0.08%	0.08%
MAN	F	0.04%	0.07%	0.04%
MASI	A	0.08%	0.06%	0.06%
MAT	A	0.13%	0.14%	0.13%
MC	D	0.0%	0.02%	0.0%
MDGL	A	0.1%	0.04%	0.04%
MDU	F	0.04%	0.31%	0.04%
MEDP	F	0.38%	0.15%	0.15%
MGNI	D	0.03%	0.05%	0.03%
MKSI	F	0.07%	0.14%	0.07%
MMS	D	0.05%	0.05%	0.05%
MMSI	B	0.14%	0.15%	0.14%
MOD	C	0.26%	0.17%	0.17%
MOG.A	C	0.03%	0.22%	0.03%
MPW	D	0.07%	0.06%	0.06%
MRC	F	0.08%	0.05%	0.05%
MSA	F	0.02%	0.17%	0.02%
MTG	D	0.1%	0.25%	0.1%
MTN	F	0.09%	0.2%	0.09%
MTRN	D	0.09%	0.05%	0.05%
MTSI	B	0.08%	0.09%	0.08%
MUR	F	0.19%	0.13%	0.13%
NARI	A	0.08%	0.07%	0.07%
NBTB	D	0.0%	0.05%	0.0%
NFG	C	0.14%	0.21%	0.14%
NJR	D	0.14%	0.22%	0.14%
NOV	F	0.13%	0.15%	0.13%
NOVT	C	0.15%	0.21%	0.15%
NSIT	F	0.07%	0.18%	0.07%
NTLA	F	0.01%	0.04%	0.01%
NTNX	B	0.53%	0.35%	0.35%
NTRA	B	0.34%	0.26%	0.26%
NUVL	D	0.14%	0.06%	0.06%
NVST	A	0.06%	0.06%	0.06%
NVT	D	0.53%	0.2%	0.2%
NWL	A	0.02%	0.1%	0.02%
NWN	C	0.01%	0.08%	0.01%
NXST	A	0.09%	0.1%	0.09%
NXT	C	0.06%	0.09%	0.06%
NYT	A	0.13%	0.19%	0.13%
OGS	C	0.13%	0.32%	0.13%
OHI	B	0.11%	0.21%	0.11%
OII	D	0.1%	0.06%	0.06%
OLED	F	0.04%	0.1%	0.04%
OMF	A	0.16%	0.18%	0.16%
OMI	F	0.05%	0.04%	0.04%
ONTO	F	0.19%	0.28%	0.19%
OPCH	F	0.08%	0.13%	0.08%
ORI	D	0.41%	0.13%	0.13%
OSCR	C	0.09%	0.04%	0.04%
OUT	C	0.04%	0.08%	0.04%
OZK	B	0.08%	0.13%	0.08%
PATH	C	0.05%	0.11%	0.05%
PBF	F	0.02%	0.05%	0.02%
PCH	F	0.01%	0.17%	0.01%
PCOR	B	0.41%	0.16%	0.16%
PCTY	A	0.14%	0.18%	0.14%
PCVX	C	0.11%	0.25%	0.11%
PD	C	0.08%	0.05%	0.05%
PDCO	F	0.03%	0.15%	0.03%
PDM	C	0.19%	0.07%	0.07%
PEB	F	0.01%	0.06%	0.01%
PEGA	A	0.08%	0.1%	0.08%
PEN	A	0.07%	0.16%	0.07%
PFSI	D	0.04%	0.11%	0.04%
PGRE	C	0.17%	0.05%	0.05%
PI	C	0.15%	0.08%	0.08%
PIPR	B	0.31%	0.07%	0.07%
PK	F	0.05%	0.06%	0.05%
PLNT	D	0.08%	0.17%	0.08%
PLUS	C	0.09%	0.08%	0.08%
PNFP	A	0.09%	0.27%	0.09%
POWI	C	0.01%	0.06%	0.01%
POWL	A	0.34%	0.09%	0.09%
PR	F	0.02%	0.17%	0.02%
PRG	C	0.17%	0.05%	0.05%
PRGO	D	0.04%	0.07%	0.04%
PRGS	B	0.18%	0.24%	0.18%
PRI	B	0.28%	0.23%	0.23%
PRKS	B	0.17%	0.08%	0.08%
PRO	C	0.02%	0.05%	0.02%
PTCT	B	0.02%	0.06%	0.02%
PTEN	F	0.11%	0.04%	0.04%
PVH	C	0.17%	0.16%	0.16%
PYCR	B	0.01%	0.05%	0.01%
QDEL	F	0.03%	0.04%	0.03%
R	A	0.27%	0.27%	0.27%
RAMP	D	0.02%	0.05%	0.02%
RCUS	F	0.05%	0.04%	0.04%
RDN	F	0.07%	0.09%	0.07%
REVG	D	0.03%	0.05%	0.03%
RGEN	D	0.08%	0.15%	0.08%
RGLD	B	0.15%	0.33%	0.15%
RHI	C	0.16%	0.21%	0.16%
RHP	B	0.01%	0.2%	0.01%
RKT	D	0.04%	0.06%	0.04%
RL	B	0.15%	0.09%	0.09%
RLI	B	0.03%	0.19%	0.03%
RMBS	C	0.23%	0.14%	0.14%
RNG	A	0.2%	0.05%	0.05%
RNR	C	0.23%	0.26%	0.23%
ROIV	D	0.01%	0.06%	0.01%
RRC	D	0.19%	0.24%	0.19%
RRX	A	0.2%	0.16%	0.16%
RUSHA	A	0.06%	0.05%	0.05%
RVMD	A	0.04%	0.09%	0.04%
RYAN	C	0.13%	0.14%	0.13%
RYN	C	0.07%	0.05%	0.05%
S	B	0.06%	0.12%	0.06%
SAIA	A	0.11%	0.26%	0.11%
SATS	B	0.15%	0.07%	0.07%
SCI	A	0.15%	0.25%	0.15%
SEE	A	0.0%	0.07%	0.0%
SF	A	0.17%	0.17%	0.17%
SFBS	A	0.13%	0.05%	0.05%
SFM	A	0.58%	0.38%	0.38%
SIG	C	0.26%	0.1%	0.1%
SITC	F	0.02%	0.03%	0.02%
SITE	F	0.05%	0.17%	0.05%
SKT	B	0.24%	0.06%	0.06%
SKY	C	0.15%	0.05%	0.05%
SLAB	F	0.03%	0.1%	0.03%
SLG	B	0.52%	0.11%	0.11%
SLM	C	0.16%	0.15%	0.15%
SLVM	B	0.02%	0.05%	0.02%
SM	F	0.07%	0.06%	0.06%
SMAR	A	0.28%	0.15%	0.15%
SMTC	B	0.05%	0.06%	0.05%
SNDX	F	0.03%	0.05%	0.03%
SNV	B	0.04%	0.28%	0.04%
SOFI	A	0.05%	0.17%	0.05%
SON	F	0.11%	0.12%	0.11%
SONO	C	0.05%	0.07%	0.05%
SPB	C	0.16%	0.08%	0.08%
SPSC	F	0.11%	0.16%	0.11%
SPT	F	0.14%	0.04%	0.04%
SPXC	D	0.28%	0.18%	0.18%
SR	D	0.12%	0.14%	0.12%
SRPT	D	0.24%	0.22%	0.22%
SSB	B	0.02%	0.26%	0.02%
SSD	F	0.15%	0.1%	0.1%
STRL	B	0.26%	0.12%	0.12%
STWD	D	0.06%	0.11%	0.06%
SWTX	D	0.01%	0.04%	0.01%
SWX	C	0.01%	0.13%	0.01%
TARS	A	0.05%	0.08%	0.05%
TBBK	D	0.0%	0.07%	0.0%
TDC	B	0.01%	0.11%	0.01%
TDOC	C	0.19%	0.06%	0.06%
TDS	B	0.05%	0.08%	0.05%
TENB	D	0.08%	0.1%	0.08%
TEX	F	0.19%	0.09%	0.09%
TGNA	B	0.09%	0.19%	0.09%
TGTX	A	0.03%	0.05%	0.03%
THC	C	0.32%	0.24%	0.24%
THO	D	0.13%	0.13%	0.13%
TILE	A	0.04%	0.06%	0.04%
TMHC	A	0.1%	0.18%	0.1%
TNC	F	0.06%	0.06%	0.06%
TNET	F	0.12%	0.07%	0.07%
TNL	A	0.15%	0.15%	0.15%
TOL	C	0.16%	0.27%	0.16%
TPH	D	0.15%	0.14%	0.14%
TPR	A	0.26%	0.25%	0.25%
TPX	F	0.22%	0.13%	0.13%
TREX	B	0.25%	0.07%	0.07%
TRN	C	0.06%	0.1%	0.06%
TTEK	B	0.37%	0.2%	0.2%
TXRH	A	0.07%	0.11%	0.07%
UGI	D	0.11%	0.26%	0.11%
UMBF	A	0.13%	0.24%	0.13%
UNFI	A	0.02%	0.08%	0.02%
UNIT	C	0.06%	0.09%	0.06%
UNM	A	0.0%	0.22%	0.0%
UPBD	D	0.09%	0.05%	0.05%
USFD	B	0.18%	0.48%	0.18%
VAC	B	0.06%	0.07%	0.06%
VC	F	0.08%	0.1%	0.08%
VECO	F	0.11%	0.12%	0.11%
VERA	A	0.08%	0.05%	0.05%
VFC	A	0.09%	0.2%	0.09%
VITL	C	0.04%	0.07%	0.04%
VKTX	A	0.08%	0.16%	0.08%
VMI	A	0.15%	0.13%	0.13%
VNO	B	0.43%	0.09%	0.09%
VNT	B	0.05%	0.14%	0.05%
VOYA	B	0.17%	0.17%	0.17%
VRNS	D	0.11%	0.07%	0.07%
VSTS	F	0.02%	0.05%	0.02%
W	F	0.18%	0.06%	0.06%
WAL	C	0.1%	0.21%	0.1%
WBS	B	0.05%	0.24%	0.05%
WCC	A	0.2%	0.21%	0.2%
WD	C	0.03%	0.07%	0.03%
WEN	A	0.14%	0.1%	0.1%
WEX	F	0.1%	0.25%	0.1%
WFRD	F	0.35%	0.15%	0.15%
WGO	D	0.05%	0.12%	0.05%
WH	A	0.12%	0.14%	0.12%
WING	F	0.33%	0.22%	0.22%
WK	C	0.31%	0.18%	0.18%
WMS	F	0.13%	0.25%	0.13%
WNC	F	0.07%	0.05%	0.05%
WSC	F	0.09%	0.2%	0.09%
WTFC	B	0.02%	0.07%	0.02%
WTM	B	0.16%	0.13%	0.13%
WTS	D	0.12%	0.2%	0.12%
X	C	0.11%	0.15%	0.11%
XHR	C	0.03%	0.07%	0.03%
XPO	A	0.16%	0.28%	0.16%
XPRO	F	0.01%	0.05%	0.01%
XRAY	F	0.27%	0.07%	0.07%
XRX	F	0.18%	0.04%	0.04%
YELP	F	0.06%	0.05%	0.05%
YETI	F	0.08%	0.11%	0.08%
ZION	B	0.23%	0.18%	0.18%
ZUO	A	0.01%	0.05%	0.01%

SMLF Overweight 326 Positions Relative to ESML

Symbol	Grade	Weight
APP	B	0.94%
EME	A	0.89%
DECK	B	0.7%
MSTR	B	0.58%
JBL	A	0.56%
MANH	D	0.51%
AXON	B	0.49%
RS	C	0.48%
MLI	A	0.47%
WSM	F	0.46%
IDA	A	0.44%
CSL	C	0.41%
IOT	C	0.41%
UTHR	A	0.4%
COCO	A	0.4%
DKS	F	0.4%
SOLV	B	0.36%
LAMR	B	0.36%
YOU	A	0.34%
PSTG	D	0.31%
WSO	D	0.3%
GGG	D	0.3%
DDS	C	0.29%
HSII	A	0.28%
CORT	B	0.28%
EXE	B	0.27%
FCNCA	C	0.26%
SN	C	0.26%
AMH	F	0.25%
LBTYA	B	0.25%
ENTG	D	0.25%
APA	F	0.24%
EXEL	A	0.24%
IMKTA	D	0.23%
UFPI	C	0.23%
OVV	F	0.23%
SMG	A	0.23%
AZPN	B	0.22%
RPM	B	0.22%
TPG	B	0.22%
JOE	F	0.21%
SANM	A	0.21%
WS	A	0.21%
MATX	A	0.21%
TKR	C	0.2%
GLPI	D	0.2%
ACM	A	0.2%
RDDT	A	0.19%
NAVI	F	0.19%
BBWI	F	0.19%
NDSN	D	0.18%
JBSS	F	0.18%
ESAB	A	0.18%
ALLE	C	0.17%
SBGI	A	0.17%
TOST	A	0.17%
KFRC	D	0.17%
EXTR	B	0.17%
VCYT	A	0.17%
MMYT	A	0.17%
KRG	D	0.17%
OC	B	0.17%
HLI	A	0.17%
KIM	B	0.16%
GES	F	0.16%
IVT	A	0.16%
AIZ	D	0.16%
VSTO	A	0.15%
ODP	C	0.15%
TTC	F	0.15%
IGT	F	0.15%
CVCO	A	0.15%
SRCE	C	0.15%
AY	A	0.15%
ACLS	F	0.14%
YEXT	A	0.14%
ONON	D	0.14%
XNCR	A	0.14%
GOLF	D	0.13%
IPAR	D	0.13%
NSP	F	0.13%
AMR	F	0.13%
BANF	B	0.13%
BCRX	A	0.13%
MFA	D	0.13%
UA	B	0.13%
BSY	F	0.13%
KAI	A	0.12%
SSTK	D	0.12%
HUN	F	0.12%
LILA	A	0.12%
WAFD	D	0.12%
BAND	A	0.12%
OGE	C	0.12%
NTCT	C	0.11%
GFF	F	0.11%
AMLX	B	0.11%
PNM	B	0.11%
HOV	D	0.11%
FHI	A	0.11%
APOG	A	0.11%
NNN	D	0.11%
LOVE	B	0.11%
ALX	D	0.11%
PARA	C	0.11%
HTH	D	0.11%
QLYS	F	0.11%
ACCO	B	0.11%
BKE	C	0.11%
AGM	D	0.1%
VSH	F	0.1%
SYNA	F	0.1%
VMEO	C	0.1%
JACK	C	0.1%
OLN	F	0.1%
MCB	B	0.1%
KW	C	0.1%
INVA	C	0.1%
ACAD	F	0.1%
EXPI	B	0.1%
HP	C	0.1%
CARG	B	0.1%
MIDD	F	0.09%
ALIT	F	0.09%
LZ	C	0.09%
LGND	A	0.09%
EEFT	F	0.09%
DVAX	A	0.09%
CXT	F	0.09%
NSSC	F	0.09%
CMPR	F	0.09%
MATV	F	0.09%
FLNC	B	0.08%
POR	C	0.08%
SCS	F	0.08%
CARS	D	0.08%
FHB	A	0.08%
AGX	A	0.08%
GMS	A	0.08%
CSWI	B	0.08%
CXW	C	0.08%
EYPT	C	0.08%
KN	C	0.08%
WOR	F	0.08%
AMPH	A	0.08%
HEES	B	0.08%
PHIN	C	0.08%
CACC	F	0.08%
PBH	A	0.08%
ALV	F	0.08%
LBTYK	A	0.08%
BLMN	F	0.07%
UVV	C	0.07%
AMPL	C	0.07%
ASO	F	0.07%
DH	F	0.07%
SFL	F	0.07%
AIV	D	0.07%
AMRX	B	0.07%
OTTR	F	0.07%
ADEA	A	0.07%
DOMO	C	0.07%
WLY	A	0.07%
MED	D	0.07%
EQC	C	0.07%
CEIX	A	0.07%
RIG	D	0.07%
VIR	B	0.07%
HE	D	0.07%
BCO	D	0.07%
SNEX	A	0.07%
NTB	C	0.07%
GEO	B	0.07%
WYNN	B	0.07%
NBR	C	0.07%
SANA	F	0.06%
MERC	D	0.06%
IRTC	C	0.06%
OXM	F	0.06%
MCY	B	0.06%
COTY	F	0.06%
ILPT	F	0.06%
WBA	C	0.06%
LADR	B	0.06%
ANGI	F	0.06%
GCO	F	0.06%
HLF	D	0.05%
CERS	F	0.05%
NHI	C	0.05%
ACI	C	0.05%
THR	F	0.05%
AVXL	A	0.05%
CELH	F	0.05%
WTTR	D	0.05%
AMCX	F	0.05%
GPMT	C	0.05%
CENTA	D	0.05%
ZIP	F	0.05%
CTBI	B	0.05%
PZZA	A	0.05%
FOLD	B	0.05%
NRC	F	0.04%
CNS	B	0.04%
CORZ	B	0.04%
RPD	C	0.04%
DIN	D	0.04%
EGBN	A	0.04%
SAH	C	0.04%
SPRY	B	0.04%
ARRY	D	0.04%
ROKU	D	0.04%
NATL	D	0.04%
IDT	B	0.04%
DAWN	A	0.04%
STAG	D	0.04%
MDXG	C	0.04%
ENS	F	0.04%
AGS	A	0.04%
HSTM	A	0.04%
CFFN	A	0.04%
LPG	F	0.04%
VCEL	D	0.03%
GIII	C	0.03%
VIAV	A	0.03%
AKRO	A	0.03%
VNDA	D	0.03%
LTH	D	0.03%
SUPN	B	0.03%
VIRT	A	0.03%
OPI	F	0.03%
CHRD	F	0.03%
SVC	F	0.03%
EVTC	D	0.03%
TLRY	F	0.03%
NX	C	0.03%
OFIX	A	0.03%
RYI	C	0.03%
DNB	B	0.03%
ARCH	B	0.03%
SWIM	C	0.03%
ACCD	F	0.03%
TCBI	B	0.03%
OI	F	0.03%
QXO	C	0.03%
CVI	F	0.03%
UDMY	C	0.03%
SNBR	F	0.03%
UVE	C	0.03%
BRSP	C	0.03%
RDFN	C	0.03%
EVH	D	0.03%
TPB	A	0.03%
PII	F	0.02%
NEXA	A	0.02%
SHO	D	0.02%
MSM	D	0.02%
WOOF	B	0.02%
ALAB	A	0.02%
KRNY	B	0.02%
NUS	F	0.02%
BMBL	C	0.02%
DAN	F	0.02%
MTW	F	0.02%
LMAT	B	0.02%
SAFE	F	0.02%
GPRO	C	0.02%
RLJ	F	0.02%
IRWD	F	0.02%
TSE	D	0.02%
CNDT	D	0.02%
QRTEA	F	0.02%
RGNX	F	0.02%
DBI	F	0.02%
USNA	D	0.02%
OPEN	F	0.02%
TWO	F	0.02%
LANC	B	0.02%
AIN	F	0.01%
PGEN	F	0.01%
DINO	F	0.01%
SFIX	C	0.01%
JOBY	D	0.01%
BIGC	F	0.01%
VAL	F	0.01%
ALGM	F	0.01%
ARR	D	0.01%
HTZ	F	0.01%
HMST	F	0.01%
TR	F	0.01%
OMER	B	0.01%
VRE	D	0.01%
UTL	D	0.01%
BKH	D	0.01%
MITK	D	0.01%
FLWS	B	0.01%
OIS	D	0.01%
MBC	B	0.01%
STGW	D	0.01%
ENVA	A	0.01%
HCAT	C	0.01%
WTI	F	0.01%
SWI	B	0.01%
MLAB	D	0.01%
RBRK	A	0.01%
TTGT	C	0.01%
NGVT	C	0.01%
BSIG	A	0.01%
MBLY	C	0.01%
OLPX	F	0.01%
KALU	B	0.01%
NFBK	C	0.01%
UPWK	A	0.01%
RXT	C	0.01%
OSIS	F	0.01%
OSUR	F	0.01%
ERAS	C	0.01%
BFH	C	0.0%
CHCO	A	0.0%
EIG	C	0.0%
TRMK	B	0.0%
GNW	D	0.0%
PFBC	B	0.0%
CASH	A	0.0%
PRDO	B	0.0%
AX	B	0.0%
OFG	C	0.0%

SMLF Underweight 417 Positions Relative to ESML

Symbol	Grade	Weight
INGR	C	-0.39%
JLL	B	-0.37%
FTI	B	-0.34%
REXR	F	-0.34%
FRT	D	-0.32%
MUSA	C	-0.32%
OSK	C	-0.3%
AVT	B	-0.29%
RGA	C	-0.29%
GBCI	A	-0.29%
COHR	B	-0.29%
SIGI	C	-0.27%
SUM	A	-0.27%
BFAM	C	-0.26%
ATR	A	-0.25%
HRI	A	-0.25%
AAON	A	-0.24%
ARMK	B	-0.24%
MWA	B	-0.23%
NCLH	A	-0.23%
ALK	A	-0.22%
AWI	A	-0.22%
LAD	A	-0.21%
KBH	D	-0.21%
AVA	D	-0.2%
ZWS	A	-0.2%
HHH	C	-0.2%
FND	D	-0.2%
FTDR	B	-0.2%
FELE	D	-0.2%
WHR	B	-0.19%
ENLC	A	-0.19%
EPRT	C	-0.19%
REZI	C	-0.19%
BHLB	B	-0.19%
DAR	B	-0.19%
WWD	D	-0.19%
FRPT	D	-0.18%
BWA	D	-0.18%
MORN	B	-0.18%
SNDR	A	-0.18%
PLXS	A	-0.17%
THG	B	-0.17%
MTH	D	-0.17%
ONB	A	-0.17%
GXO	B	-0.17%
VVV	D	-0.17%
CZR	D	-0.17%
FLS	A	-0.16%
ALTR	B	-0.16%
BHE	A	-0.16%
UBSI	A	-0.16%
KNTK	B	-0.16%
BANR	A	-0.16%
MTZ	A	-0.16%
FMC	B	-0.16%
DLB	B	-0.16%
TKO	D	-0.16%
FIBK	B	-0.15%
ACIW	C	-0.15%
JAZZ	D	-0.15%
DBX	A	-0.15%
CADE	B	-0.14%
EAT	A	-0.14%
KTB	A	-0.14%
CPF	C	-0.14%
VLY	A	-0.14%
NPO	F	-0.13%
MYRG	B	-0.13%
COLB	A	-0.13%
IBCP	D	-0.13%
HESM	D	-0.13%
CPK	C	-0.13%
CABO	C	-0.12%
PRIM	A	-0.12%
OLLI	C	-0.12%
SHOO	D	-0.12%
MTX	C	-0.12%
WERN	A	-0.12%
CFLT	A	-0.12%
IRDM	B	-0.12%
GL	C	-0.12%
PINC	A	-0.12%
RDUS	F	-0.11%
QTWO	A	-0.11%
DXC	D	-0.11%
WDFC	A	-0.11%
TRNO	F	-0.11%
CGNX	B	-0.11%
WHD	B	-0.11%
CRNX	B	-0.11%
BHVN	B	-0.11%
LCII	D	-0.11%
ECPG	D	-0.11%
FIVE	C	-0.11%
CCOI	B	-0.11%
ALTM	B	-0.11%
LEA	F	-0.11%
ORA	B	-0.11%
PSN	A	-0.11%
ADC	C	-0.11%
XENE	C	-0.11%
CSGS	D	-0.1%
BWIN	C	-0.1%
MRCY	D	-0.1%
APAM	A	-0.1%
PRCT	A	-0.1%
SCL	F	-0.1%
AL	B	-0.1%
U	C	-0.1%
SJW	F	-0.1%
KAR	F	-0.1%
AMAL	B	-0.1%
ABCB	B	-0.1%
AUB	C	-0.1%
AUR	B	-0.1%
HCP	A	-0.1%
FUL	F	-0.1%
RXO	B	-0.1%
GTLS	B	-0.1%
OGN	D	-0.1%
FA	D	-0.1%
EFSC	B	-0.1%
SNX	C	-0.09%
JBT	A	-0.09%
CRVL	D	-0.09%
ABM	B	-0.09%
ESE	A	-0.09%
MARA	D	-0.09%
PJT	B	-0.09%
ST	F	-0.09%
DRS	A	-0.09%
MGRC	A	-0.09%
HR	D	-0.09%
RDNT	D	-0.09%
CURB	D	-0.09%
DV	F	-0.09%
LNC	A	-0.09%
POST	D	-0.09%
ERII	A	-0.09%
CAC	A	-0.09%
NMIH	D	-0.09%
AMED	C	-0.09%
ZI	C	-0.09%
VVX	B	-0.08%
UEC	B	-0.08%
PLYA	B	-0.08%
GVA	A	-0.08%
KTOS	C	-0.08%
RARE	D	-0.08%
SXT	C	-0.08%
CLF	C	-0.08%
ESNT	F	-0.08%
PLMR	D	-0.08%
RNA	C	-0.08%
BXMT	C	-0.08%
ICUI	C	-0.08%
MIR	A	-0.08%
RKLB	A	-0.08%
LNN	C	-0.08%
STC	D	-0.08%
LITE	A	-0.08%
LBPH	A	-0.08%
SBRA	B	-0.08%
RNST	B	-0.08%
IMAX	A	-0.08%
SHAK	A	-0.08%
EWTX	B	-0.08%
CNK	A	-0.08%
BANC	B	-0.07%
CMP	C	-0.07%
CCS	F	-0.07%
VRRM	F	-0.07%
JBGS	C	-0.07%
SG	A	-0.07%
CALM	B	-0.07%
UPST	B	-0.07%
RUN	C	-0.07%
COLD	F	-0.07%
PECO	B	-0.07%
MRUS	C	-0.07%
AAT	C	-0.07%
PRVA	B	-0.07%
MHK	D	-0.07%
VRDN	B	-0.07%
HBI	A	-0.07%
CTS	A	-0.07%
CCCS	D	-0.07%
AZTA	F	-0.07%
ESRT	C	-0.07%
WU	F	-0.07%
ROG	D	-0.07%
VCTR	A	-0.07%
NTGR	A	-0.07%
KOP	F	-0.07%
AZZ	D	-0.07%
ZD	F	-0.07%
SASR	A	-0.07%
AMWD	D	-0.07%
ALG	C	-0.07%
INDB	B	-0.07%
VSEC	A	-0.07%
ENOV	C	-0.07%
DEA	C	-0.07%
TMDX	F	-0.06%
EWCZ	C	-0.06%
BROS	B	-0.06%
EXP	B	-0.06%
APGE	A	-0.06%
NRIX	B	-0.06%
ACVA	F	-0.06%
RXST	D	-0.06%
HL	C	-0.06%
VSCO	A	-0.06%
WOLF	D	-0.06%
CDE	C	-0.06%
KYMR	C	-0.06%
VVI	B	-0.06%
VBTX	B	-0.06%
VERX	B	-0.06%
GERN	C	-0.06%
SPR	C	-0.06%
MOV	F	-0.06%
MXL	D	-0.06%
COGT	B	-0.06%
EYE	D	-0.06%
CHH	A	-0.06%
PLAY	C	-0.06%
EE	A	-0.06%
ADUS	D	-0.06%
PPBI	B	-0.06%
VREX	C	-0.06%
CBU	A	-0.06%
MBUU	A	-0.06%
MODG	F	-0.06%
ANDE	F	-0.06%
CSTL	A	-0.06%
ALKT	B	-0.06%
WRBY	A	-0.06%
KE	C	-0.06%
FOUR	B	-0.06%
BOOT	D	-0.06%
LEG	F	-0.06%
KROS	A	-0.06%
JWN	C	-0.06%
ZYME	B	-0.06%
PTGX	B	-0.06%
ELVN	B	-0.06%
CLNE	D	-0.06%
AVPT	A	-0.06%
CLB	A	-0.06%
MNKD	A	-0.06%
LBRDK	A	-0.06%
LCID	F	-0.06%
PAHC	B	-0.06%
RCM	A	-0.06%
HGV	C	-0.06%
GT	F	-0.06%
COLM	C	-0.06%
PNTG	D	-0.06%
GBX	A	-0.06%
IDYA	F	-0.06%
OWL	B	-0.06%
HAFC	A	-0.06%
GTES	A	-0.06%
RH	B	-0.06%
VNOM	A	-0.06%
CART	A	-0.06%
SEM	B	-0.06%
ENV	A	-0.06%
PHAT	B	-0.06%
PAR	A	-0.06%
PRTA	F	-0.05%
IMVT	F	-0.05%
KRYS	C	-0.05%
ZEUS	F	-0.05%
NEOG	D	-0.05%
THRM	D	-0.05%
IART	C	-0.05%
INVX	F	-0.05%
NEO	D	-0.05%
NVCR	F	-0.05%
AXL	F	-0.05%
LOPE	D	-0.05%
ALEC	D	-0.05%
PFS	B	-0.05%
MLTX	F	-0.05%
OMCL	B	-0.05%
CWT	D	-0.05%
FRSH	C	-0.05%
XPEL	F	-0.05%
LGF.A	C	-0.05%
AHH	D	-0.05%
ASTE	C	-0.05%
PBI	A	-0.05%
TNDM	F	-0.05%
KELYA	D	-0.05%
PLUG	C	-0.05%
MNRO	A	-0.05%
HZO	F	-0.05%
ARQT	D	-0.05%
ESTA	B	-0.05%
FFBC	A	-0.05%
MYGN	F	-0.05%
ACEL	D	-0.05%
BGC	A	-0.05%
NABL	F	-0.05%
VYX	F	-0.05%
KMPR	B	-0.05%
GRBK	D	-0.05%
AGIO	B	-0.05%
WKC	D	-0.05%
MLNK	B	-0.05%
UAA	B	-0.05%
SMPL	C	-0.05%
DGII	B	-0.05%
AAP	F	-0.05%
HLIT	F	-0.05%
PENN	B	-0.05%
BNL	D	-0.05%
MMI	D	-0.05%
THS	F	-0.05%
ATGE	A	-0.05%
MQ	A	-0.05%
PLRX	A	-0.05%
MTTR	C	-0.05%
CMCO	F	-0.05%
CLSK	C	-0.05%
TROX	F	-0.05%
AI	C	-0.05%
LEVI	F	-0.05%
TWST	F	-0.05%
PSMT	C	-0.05%
UFPT	D	-0.05%
VRNT	F	-0.05%
WT	B	-0.05%
ARVN	C	-0.05%
CWAN	B	-0.05%
SHC	C	-0.05%
CBZ	B	-0.05%
ARKO	C	-0.05%
RUSHB	A	-0.05%
SLNO	A	-0.05%
INFA	C	-0.05%
TGI	C	-0.05%
PDFS	F	-0.05%
DCO	D	-0.05%
HAYW	A	-0.05%
RBBN	A	-0.05%
SBH	B	-0.05%
NBHC	A	-0.05%
NCNO	B	-0.05%
INFN	B	-0.05%
CIVI	F	-0.05%
VRTS	B	-0.05%
ROCK	D	-0.05%
TALO	D	-0.05%
MHO	D	-0.05%
AIR	F	-0.05%
COMP	B	-0.05%
AORT	A	-0.05%
PAYO	B	-0.05%
TMCI	F	-0.04%
NVAX	F	-0.04%
DK	F	-0.04%
MEG	F	-0.04%
SVRA	D	-0.04%
GPRE	F	-0.04%
NUVB	F	-0.04%
CLW	F	-0.04%
STAA	F	-0.04%
CXM	F	-0.04%
EGY	F	-0.04%
UCB	D	-0.04%
CCRN	F	-0.04%
MLKN	F	-0.04%
KURA	F	-0.04%
CRI	F	-0.04%
BE	D	-0.04%
CLDX	F	-0.04%
MTUS	F	-0.04%
SAVA	D	-0.04%
AMC	D	-0.04%
RCKT	F	-0.04%
CECO	F	-0.04%
ARLO	F	-0.04%
PRAA	D	-0.04%
HLX	F	-0.04%
LESL	F	-0.04%
FORM	F	-0.04%
FOXF	F	-0.04%
FTRE	F	-0.04%
FLGT	C	-0.04%
MEI	F	-0.04%
IRON	D	-0.04%
GOGO	F	-0.04%
ICHR	F	-0.04%
NEP	F	-0.04%
SIBN	D	-0.04%
QS	F	-0.04%
SMP	B	-0.04%
PGNY	F	-0.04%
ETNB	D	-0.04%
RXRX	F	-0.04%
PLOW	F	-0.04%
NOVA	F	-0.03%
AGL	F	-0.03%
VSAT	F	-0.03%
ASPN	F	-0.03%
SEDG	F	-0.03%
FNA	F	-0.03%
CRMT	F	-0.03%
CDNA	D	-0.03%
TXG	F	-0.03%
CPRI	F	-0.03%
CNXC	F	-0.03%
ETWO	F	-0.03%