ESML vs. BIB ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to ProShares Ultra Nasdaq Biotechnology (BIB)

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

$41.61

Average Daily Volume

109,653

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

BIB

ProShares Ultra Nasdaq Biotechnology

BIB Description

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.26

Average Daily Volume

12,891

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	ESML	BIB
30 Days	3.88%	-3.87%
60 Days	9.57%	3.95%
90 Days	9.72%	7.57%
12 Months	29.14%	31.98%

74 Overlapping Holdings

	Symbol	Grade	Weight in ESML	Weight in BIB	Overlap
	ACLX	C	0.07%	0.31%	0.07%
	ADMA	A	0.06%	0.32%	0.06%
	AGIO	D	0.05%	0.17%	0.05%
	ALEC	F	0.04%	0.03%	0.03%
	ALKS	B	0.1%	0.32%	0.1%
	ANAB	D	0.04%	0.07%	0.04%
	APLS	F	0.04%	0.24%	0.04%
	ARCT	D	0.05%	0.04%	0.04%
	ARQT	D	0.05%	0.07%	0.05%
	ARVN	F	0.05%	0.12%	0.05%
	ARWR	F	0.05%	0.16%	0.05%
	AXSM	D	0.05%	0.29%	0.05%
	BBIO	F	0.05%	0.33%	0.05%
	BEAM	F	0.05%	0.14%	0.05%
	BPMC	F	0.08%	0.4%	0.08%
	CGEM	F	0.05%	0.07%	0.05%
	COGT	B	0.05%	0.08%	0.05%
	CRNX	C	0.1%	0.28%	0.1%
	CRSP	F	0.08%	0.27%	0.08%
	CSTL	B	0.05%	0.05%	0.05%
	CYTK	D	0.13%	0.42%	0.13%
	DNLI	C	0.11%	0.29%	0.11%
	DYN	D	0.05%	0.25%	0.05%
	ELVN	A	0.05%	0.08%	0.05%
	ETNB	F	0.04%	0.05%	0.04%
	EWTX	B	0.06%	0.17%	0.06%
	FTRE	F	0.05%	0.12%	0.05%
	GERN	D	0.06%	0.19%	0.06%
	GH	F	0.06%	0.19%	0.06%
	HALO	D	0.12%	0.5%	0.12%
	IDYA	F	0.06%	0.18%	0.06%
	IMVT	D	0.04%	0.29%	0.04%
	INSM	D	0.23%	0.86%	0.23%
	IONS	F	0.05%	0.4%	0.05%
	IRON	C	0.05%	0.1%	0.05%
	ITCI	D	0.14%	0.53%	0.14%
	JANX	C	0.05%	0.16%	0.05%
	JAZZ	F	0.15%	0.47%	0.15%
	KROS	C	0.06%	0.15%	0.06%
	KRYS	D	0.05%	0.36%	0.05%
	KURA	F	0.05%	0.1%	0.05%
	KYMR	D	0.06%	0.21%	0.06%
	MDGL	F	0.04%	0.32%	0.04%
	MEDP	F	0.15%	0.71%	0.15%
	MNKD	B	0.06%	0.12%	0.06%
	MRUS	D	0.06%	0.23%	0.06%
	MYGN	D	0.06%	0.17%	0.06%
	NRIX	D	0.05%	0.1%	0.05%
	NTLA	F	0.05%	0.14%	0.05%
	NUVL	B	0.06%	0.42%	0.06%
	NVAX	C	0.04%	0.14%	0.04%
	NVCR	F	0.04%	0.12%	0.04%
	PAHC	C	0.06%	0.03%	0.03%
	PCVX	C	0.27%	0.87%	0.27%
	PETQ	A	0.05%	0.06%	0.05%
	PHAT	C	0.07%	0.08%	0.07%
	PLRX	F	0.04%	0.05%	0.04%
	PRTA	F	0.05%	0.06%	0.05%
	PTCT	C	0.05%	0.2%	0.05%
	PTGX	C	0.06%	0.18%	0.06%
	RARE	D	0.08%	0.35%	0.08%
	RCKT	F	0.04%	0.11%	0.04%
	RNA	B	0.08%	0.37%	0.08%
	ROIV	D	0.06%	0.58%	0.06%
	RVMD	B	0.08%	0.52%	0.08%
	RXRX	F	0.05%	0.12%	0.05%
	SNDX	F	0.05%	0.11%	0.05%
	SRPT	F	0.21%	0.81%	0.21%
	SVRA	F	0.05%	0.05%	0.05%
	SWTX	F	0.04%	0.16%	0.04%
	TARS	C	0.06%	0.09%	0.06%
	TWST	D	0.06%	0.18%	0.06%
	VERA	C	0.05%	0.17%	0.05%
	XENE	D	0.11%	0.2%	0.11%

ESML Overweight 830 Positions Relative to BIB

	Symbol	Grade	Weight
	CASY	D	0.5%
	USFD	C	0.49%
	JHG	A	0.45%
	INGR	B	0.41%
	GWRE	A	0.41%
	KBR	A	0.4%
	REXR	D	0.39%
	JLL	C	0.38%
	CVNA	A	0.36%
	FIX	A	0.36%
	SFM	A	0.35%
	MUSA	D	0.34%
	OGS	C	0.33%
	NTNX	C	0.33%
	EWBC	B	0.33%
	FTI	B	0.33%
	RGLD	C	0.32%
	FRT	D	0.32%
	BMI	A	0.31%
	FLEX	B	0.31%
	ITT	C	0.3%
	WEX	C	0.3%
	MDU	C	0.3%
	ONTO	B	0.3%
	RGA	B	0.3%
	BLD	D	0.3%
	GPK	D	0.29%
	AVT	B	0.29%
	EHC	C	0.29%
	AYI	A	0.29%
	OSK	F	0.28%
	SIGI	D	0.28%
	BFAM	C	0.28%
	WMS	D	0.27%
	UGI	C	0.27%
	R	C	0.27%
	TOL	C	0.27%
	COHR	B	0.27%
	AXTA	C	0.26%
	SCI	D	0.26%
	XPO	F	0.26%
	BWXT	A	0.26%
	IBKR	A	0.26%
	NTRA	A	0.26%
	RNR	A	0.26%
	CNM	F	0.25%
	TPR	B	0.25%
	PNFP	B	0.25%
	GBCI	B	0.25%
	DCI	B	0.25%
	THC	D	0.25%
	SNV	D	0.25%
	WING	C	0.25%
	BJ	B	0.25%
	IVZ	A	0.25%
	SSB	C	0.25%
	MTG	A	0.25%
	SWN	D	0.24%
	SAIA	D	0.24%
	UMBF	C	0.24%
	RRC	D	0.24%
	ARMK	C	0.24%
	PRGS	A	0.24%
	HOG	D	0.24%
	FND	C	0.24%
	FELE	C	0.23%
	MWA	A	0.23%
	KBH	D	0.23%
	CROX	C	0.23%
	FCN	C	0.23%
	DTM	A	0.23%
	CNX	A	0.23%
	MOG.A	C	0.23%
	ATR	A	0.23%
	SUM	F	0.23%
	EGP	D	0.23%
	CUBE	C	0.23%
	LSTR	F	0.22%
	CUZ	C	0.22%
	WBS	D	0.22%
	PRI	A	0.22%
	NJR	C	0.22%
	CW	A	0.22%
	CDP	A	0.22%
	CACI	A	0.22%
	MTN	D	0.22%
	HAS	A	0.22%
	ALSN	A	0.22%
	WCC	D	0.21%
	ALK	C	0.21%
	CVLT	B	0.21%
	NFG	A	0.21%
	AWI	A	0.21%
	UNM	A	0.21%
	NOVT	C	0.21%
	AAON	A	0.21%
	HRB	C	0.21%
	CMC	D	0.21%
	AR	C	0.21%
	WAL	C	0.21%
	WTS	C	0.21%
	ENSG	D	0.21%
	WHR	C	0.2%
	NVT	C	0.2%
	KNSL	B	0.2%
	FTDR	B	0.2%
	RHP	B	0.2%
	LNW	F	0.2%
	FBP	B	0.2%
	EPRT	C	0.2%
	FTAI	A	0.2%
	RHI	D	0.2%
	WWD	C	0.2%
	AVA	D	0.2%
	WSC	D	0.2%
	BDC	A	0.2%
	NCLH	C	0.2%
	HHH	C	0.2%
	CBSH	D	0.2%
	EXLS	B	0.2%
	OHI	C	0.2%
	CMA	C	0.19%
	MSA	F	0.19%
	CR	A	0.19%
	RLI	A	0.19%
	TTEK	A	0.19%
	AFRM	C	0.19%
	GPI	C	0.19%
	GNRC	B	0.19%
	FHN	D	0.19%
	NYT	C	0.19%
	ACHC	F	0.19%
	MTH	C	0.19%
	PCH	C	0.19%
	BWA	C	0.19%
	LAD	C	0.19%
	LECO	D	0.19%
	AA	B	0.19%
	ZWS	A	0.19%
	MORN	B	0.18%
	CIEN	A	0.18%
	ATI	C	0.18%
	MOD	B	0.18%
	TKO	A	0.18%
	SPSC	D	0.18%
	DAR	F	0.18%
	VVV	D	0.18%
	SITE	D	0.18%
	BHLB	D	0.18%
	PLNT	B	0.18%
	SPXC	A	0.18%
	ITRI	C	0.18%
	OMF	D	0.18%
	TGNA	B	0.18%
	FMC	C	0.18%
	FRPT	A	0.18%
	WK	D	0.18%
	ENLC	A	0.18%
	CNO	B	0.18%
	NSIT	B	0.18%
	VFC	A	0.18%
	AMG	B	0.18%
	GME	D	0.18%
	CRUS	D	0.18%
	SNDR	D	0.18%
	BERY	C	0.18%
	REZI	D	0.18%
	HRI	B	0.18%
	AXS	A	0.18%
	FAF	C	0.17%
	ZION	D	0.17%
	FN	B	0.17%
	CHX	C	0.17%
	ELAN	D	0.17%
	VOYA	A	0.17%
	PR	D	0.17%
	PCTY	C	0.17%
	ONB	D	0.17%
	BCC	C	0.17%
	DLB	D	0.17%
	RGEN	F	0.17%
	LPX	C	0.17%
	BRKR	D	0.17%
	LSCC	D	0.17%
	THG	A	0.17%
	TMHC	C	0.17%
	GKOS	B	0.17%
	NOV	F	0.16%
	ESTC	F	0.16%
	AM	A	0.16%
	RRX	B	0.16%
	SLM	B	0.16%
	UBSI	D	0.16%
	BRX	C	0.16%
	CZR	B	0.16%
	LAZ	C	0.16%
	LUMN	C	0.16%
	FSS	D	0.16%
	PLXS	A	0.16%
	GATX	F	0.16%
	BHE	C	0.16%
	AEIS	B	0.16%
	PVH	D	0.16%
	WFRD	F	0.16%
	DUOL	B	0.16%
	MTZ	A	0.16%
	PEN	D	0.15%
	HIW	C	0.15%
	SR	D	0.15%
	AGCO	D	0.15%
	HXL	F	0.15%
	BANR	B	0.15%
	KTB	C	0.15%
	TPX	C	0.15%
	GXO	D	0.15%
	MKSI	F	0.15%
	MMSI	C	0.15%
	ANF	D	0.15%
	KNTK	A	0.15%
	SF	A	0.15%
	DBX	C	0.15%
	PDCO	F	0.15%
	ASB	D	0.15%
	TPH	C	0.15%
	CHE	D	0.15%
	ACIW	A	0.15%
	FLS	A	0.15%
	HNI	B	0.15%
	LFUS	C	0.15%
	PCOR	D	0.15%
	ASGN	D	0.15%
	ALTR	B	0.14%
	VNT	F	0.14%
	AZEK	D	0.14%
	MUR	F	0.14%
	BCPC	C	0.14%
	NPO	C	0.14%
	HQY	B	0.14%
	JXN	A	0.14%
	GTLB	D	0.14%
	ESI	C	0.14%
	CBT	B	0.14%
	FYBR	C	0.14%
	LNTH	C	0.14%
	X	F	0.14%
	TNL	B	0.14%
	FIBK	C	0.14%
	CRS	B	0.14%
	SMAR	A	0.14%
	IRDM	C	0.13%
	AVAV	B	0.13%
	ELF	F	0.13%
	SOFI	C	0.13%
	LEA	F	0.13%
	ADT	D	0.13%
	WH	C	0.13%
	BLKB	C	0.13%
	IBCP	D	0.13%
	SON	D	0.13%
	YETI	C	0.13%
	CADE	B	0.13%
	THO	C	0.13%
	KNF	B	0.13%
	SHOO	A	0.13%
	GL	C	0.13%
	M	D	0.13%
	ITGR	B	0.13%
	ORI	A	0.13%
	OLLI	C	0.13%
	BOX	C	0.13%
	VECO	F	0.13%
	HESM	C	0.13%
	AGNC	B	0.13%
	CPF	C	0.13%
	OPCH	F	0.13%
	DFIN	B	0.13%
	VKTX	C	0.13%
	CPK	C	0.13%
	SWX	C	0.13%
	VLY	C	0.13%
	ACA	C	0.13%
	CHDN	C	0.13%
	KLIC	D	0.13%
	RYAN	A	0.13%
	MAT	B	0.13%
	FA	A	0.12%
	ECPG	F	0.12%
	ABG	D	0.12%
	EPAC	A	0.12%
	SITC	D	0.12%
	ADC	C	0.12%
	IBP	C	0.12%
	RMBS	F	0.12%
	COLB	C	0.12%
	FIVE	D	0.12%
	VMI	B	0.12%
	WGO	D	0.12%
	CABO	F	0.12%
	APPF	C	0.12%
	TRNO	D	0.12%
	WERN	D	0.12%
	MTX	C	0.12%
	PFSI	C	0.12%
	RDUS	D	0.12%
	CAVA	B	0.12%
	HASI	B	0.12%
	GAP	F	0.12%
	WTM	C	0.12%
	BECN	D	0.12%
	PINC	F	0.12%
	OZK	D	0.12%
	ARW	C	0.11%
	WDFC	B	0.11%
	GTLS	D	0.11%
	SCL	D	0.11%
	CFLT	F	0.11%
	ORA	C	0.11%
	PRIM	A	0.11%
	U	D	0.11%
	STRL	B	0.11%
	MRCY	B	0.11%
	CGNX	F	0.11%
	WHD	A	0.11%
	SSD	B	0.11%
	HAE	F	0.11%
	EAT	A	0.11%
	AIT	B	0.11%
	SIG	C	0.11%
	DY	C	0.11%
	STWD	C	0.11%
	PATH	D	0.11%
	KRC	C	0.11%
	FUL	F	0.11%
	MYRG	D	0.11%
	BHVN	C	0.11%
	S	C	0.11%
	KOS	F	0.11%
	OGN	F	0.11%
	FULT	D	0.11%
	PSN	A	0.11%
	LRN	D	0.11%
	LCII	C	0.11%
	ETSY	F	0.11%
	IDCC	A	0.11%
	AMED	D	0.1%
	CRDO	B	0.1%
	POST	C	0.1%
	BWIN	A	0.1%
	SLG	C	0.1%
	FR	D	0.1%
	CSGS	B	0.1%
	GMED	B	0.1%
	TXRH	A	0.1%
	QTWO	B	0.1%
	NMIH	B	0.1%
	NXT	F	0.1%
	TENB	D	0.1%
	RXO	D	0.1%
	BRC	C	0.1%
	AEO	C	0.1%
	OLED	B	0.1%
	AUB	D	0.1%
	AL	D	0.1%
	INSP	C	0.1%
	LBRDA	C	0.1%
	FLR	B	0.1%
	SJW	D	0.1%
	ABCB	C	0.1%
	EFSC	D	0.1%
	TDC	D	0.1%
	KAR	F	0.1%
	HCP	A	0.1%
	VC	F	0.1%
	CCOI	B	0.1%
	SLAB	D	0.1%
	EVR	C	0.1%
	DXC	C	0.1%
	BRBR	A	0.09%
	LYFT	D	0.09%
	MGRC	D	0.09%
	ICFI	C	0.09%
	PJT	A	0.09%
	ESE	C	0.09%
	UNIT	B	0.09%
	LNN	C	0.09%
	BXMT	C	0.09%
	AUR	C	0.09%
	KFY	C	0.09%
	WEN	B	0.09%
	STC	D	0.09%
	KD	D	0.09%
	RDN	D	0.09%
	CRVL	C	0.09%
	CAC	C	0.09%
	AROC	B	0.09%
	RUN	D	0.09%
	RL	B	0.09%
	LNC	B	0.09%
	HR	D	0.09%
	APAM	B	0.09%
	ATKR	F	0.09%
	PEGA	B	0.09%
	DV	F	0.09%
	TMDX	D	0.09%
	LCID	F	0.09%
	ZI	F	0.09%
	ERII	C	0.09%
	ST	F	0.09%
	BILL	D	0.09%
	CRC	B	0.09%
	PI	A	0.09%
	JEF	A	0.09%
	RDNT	C	0.09%
	AMAL	B	0.09%
	NXST	D	0.09%
	TRN	C	0.09%
	CVBF	B	0.09%
	XHR	A	0.08%
	TBBK	A	0.08%
	IOSP	F	0.08%
	ROG	D	0.08%
	PLUS	B	0.08%
	AZZ	B	0.08%
	OUT	C	0.08%
	NWN	D	0.08%
	MAN	D	0.08%
	ALG	F	0.08%
	CHWY	C	0.08%
	EVRI	A	0.08%
	CWEN	C	0.08%
	CLVT	D	0.08%
	AMN	F	0.08%
	BC	C	0.08%
	RNST	D	0.08%
	CNK	D	0.08%
	SHAK	A	0.08%
	SXT	C	0.08%
	KOP	F	0.08%
	MAC	B	0.08%
	BOOT	B	0.08%
	SBRA	C	0.08%
	SPB	C	0.08%
	ENOV	F	0.08%
	CFR	B	0.08%
	IMAX	D	0.08%
	PRCT	D	0.08%
	ICUI	B	0.08%
	PLMR	A	0.08%
	MARA	F	0.08%
	WU	D	0.08%
	ESNT	A	0.08%
	LITE	A	0.08%
	AN	D	0.08%
	W	C	0.08%
	MHK	C	0.08%
	MTSI	B	0.08%
	TNET	D	0.08%
	TEX	F	0.08%
	SNX	C	0.08%
	HWC	D	0.08%
	VNO	B	0.08%
	ABM	D	0.08%
	NWL	D	0.08%
	BPOP	D	0.08%
	AZTA	F	0.08%
	ENR	B	0.07%
	UPBD	F	0.07%
	LXP	D	0.07%
	ENV	C	0.07%
	ACVA	C	0.07%
	VITL	C	0.07%
	ANDE	D	0.07%
	TDS	C	0.07%
	PNTG	C	0.07%
	LEG	D	0.07%
	JBGS	C	0.07%
	CPRI	C	0.07%
	VCTR	A	0.07%
	HLIT	D	0.07%
	EXPO	A	0.07%
	COLM	B	0.07%
	VVX	A	0.07%
	SEM	D	0.07%
	AAT	C	0.07%
	PECO	C	0.07%
	XPRO	F	0.07%
	TREX	D	0.07%
	CTS	B	0.07%
	SASR	B	0.07%
	FL	F	0.07%
	VRRM	D	0.07%
	PEB	D	0.07%
	HBI	B	0.07%
	PLYA	D	0.07%
	VAC	D	0.07%
	SATS	C	0.07%
	PRGO	F	0.07%
	PRVA	F	0.07%
	INTA	C	0.07%
	RH	C	0.07%
	INDB	D	0.07%
	PDM	C	0.07%
	BL	D	0.07%
	CWK	D	0.07%
	BOH	D	0.07%
	WD	C	0.07%
	VRDN	B	0.07%
	NTGR	C	0.07%
	POWL	B	0.07%
	MPW	C	0.07%
	KREF	C	0.07%
	JBT	B	0.07%
	VRNS	B	0.07%
	AVNT	C	0.07%
	DRS	A	0.07%
	CCCS	D	0.07%
	PIPR	A	0.07%
	DOCS	A	0.07%
	CLF	D	0.07%
	SEE	C	0.07%
	GVA	A	0.07%
	KTOS	B	0.07%
	AMWD	C	0.07%
	HWKN	B	0.07%
	DEA	D	0.07%
	ESRT	C	0.07%
	CALX	C	0.07%
	CCS	C	0.07%
	XRAY	D	0.07%
	ZD	D	0.07%
	COLD	D	0.07%
	PRKS	C	0.07%
	MTRN	F	0.06%
	HURN	D	0.06%
	HZO	C	0.06%
	IBOC	D	0.06%
	TALO	D	0.06%
	CIVI	F	0.06%
	FROG	F	0.06%
	PRG	C	0.06%
	EXP	C	0.06%
	DCO	B	0.06%
	NARI	F	0.06%
	HI	F	0.06%
	LBRDK	C	0.06%
	PPBI	D	0.06%
	CMCO	D	0.06%
	KSS	D	0.06%
	TDOC	D	0.06%
	BYD	B	0.06%
	HELE	D	0.06%
	APGE	C	0.06%
	THS	D	0.06%
	PDFS	F	0.06%
	CBU	D	0.06%
	AAP	F	0.06%
	MOV	F	0.06%
	BKU	D	0.06%
	CLB	D	0.06%
	MEI	D	0.06%
	VSEC	D	0.06%
	CART	B	0.06%
	HL	C	0.06%
	AIR	C	0.06%
	WRBY	B	0.06%
	FOUR	A	0.06%
	OSCR	C	0.06%
	FUN	F	0.06%
	ROCK	D	0.06%
	PAR	D	0.06%
	JWN	D	0.06%
	SPR	D	0.06%
	APG	F	0.06%
	CLH	B	0.06%
	WKC	A	0.06%
	CWEN	C	0.06%
	TILE	C	0.06%
	OII	D	0.06%
	MHO	C	0.06%
	UFPT	D	0.06%
	MXL	D	0.06%
	AVPT	A	0.06%
	IESC	A	0.06%
	ADUS	D	0.06%
	KE	F	0.06%
	SQSP	A	0.06%
	ALTM	D	0.06%
	PBF	F	0.06%
	NVST	D	0.06%
	CC	D	0.06%
	POWI	F	0.06%
	FFIN	D	0.06%
	SG	C	0.06%
	ATRC	C	0.06%
	UEC	C	0.06%
	CDE	C	0.06%
	VRNT	F	0.06%
	EPR	C	0.06%
	UNFI	C	0.06%
	HIMS	C	0.06%
	HGV	F	0.06%
	BANC	D	0.06%
	RCM	B	0.06%
	BDN	B	0.06%
	CMP	D	0.06%
	WTFC	B	0.06%
	COMP	C	0.06%
	CLNE	C	0.06%
	TROX	D	0.06%
	RKLB	B	0.06%
	GTES	C	0.06%
	TNC	F	0.06%
	SMTC	C	0.06%
	SKT	A	0.06%
	COKE	C	0.06%
	EYE	F	0.06%
	SONO	F	0.06%
	GT	F	0.06%
	ALHC	C	0.06%
	NEP	D	0.06%
	HAIN	C	0.06%
	MIR	B	0.06%
	LEVI	C	0.06%
	PK	D	0.06%
	TNDM	D	0.06%
	RKT	D	0.06%
	MODG	F	0.06%
	FLGT	F	0.05%
	MQ	F	0.05%
	TGTX	D	0.05%
	CUBI	F	0.05%
	TGI	F	0.05%
	FORM	D	0.05%
	SLNO	B	0.05%
	HPP	F	0.05%
	CPRX	C	0.05%
	GPRE	F	0.05%
	PENN	D	0.05%
	PLUG	D	0.05%
	AHH	F	0.05%
	CAR	D	0.05%
	REVG	D	0.05%
	FLO	D	0.05%
	MMS	C	0.05%
	AXL	F	0.05%
	JAMF	F	0.05%
	ASTE	F	0.05%
	COUR	F	0.05%
	LGF.A	F	0.05%
	PBI	C	0.05%
	SIBN	F	0.05%
	CWT	D	0.05%
	BKD	F	0.05%
	PGNY	F	0.05%
	FFBC	D	0.05%
	ARLO	F	0.05%
	MGNI	D	0.05%
	RAMP	F	0.05%
	RBBN	C	0.05%
	ZUO	F	0.05%
	LOPE	D	0.05%
	INVX	F	0.05%
	RNG	F	0.05%
	QS	F	0.05%
	AI	D	0.05%
	NBHC	D	0.05%
	DLX	F	0.05%
	ALKT	D	0.05%
	TXG	F	0.05%
	RUSHA	D	0.05%
	PRO	F	0.05%
	DNOW	F	0.05%
	AMBC	F	0.05%
	KLG	F	0.05%
	ZEUS	F	0.05%
	HLX	C	0.05%
	KMPR	D	0.05%
	CCRN	F	0.05%
	OMI	F	0.05%
	ASH	F	0.05%
	PAYO	A	0.05%
	AVDX	F	0.05%
	CBZ	F	0.05%
	EPC	F	0.05%
	ACEL	C	0.05%
	XPEL	D	0.05%
	VYX	C	0.05%
	ARCB	F	0.05%
	BGC	B	0.05%
	FOXF	F	0.05%
	MRC	D	0.05%
	FLYW	F	0.05%
	SGH	D	0.05%
	NEO	F	0.05%
	XRX	D	0.05%
	ETWO	F	0.05%
	OMCL	C	0.05%
	AWR	B	0.05%
	WNC	F	0.05%
	VERX	B	0.05%
	MLTX	C	0.05%
	CRI	D	0.05%
	PLAY	D	0.05%
	CWAN	B	0.05%
	ICHR	D	0.05%
	SMPL	D	0.05%
	HOUS	D	0.05%
	VSCO	C	0.05%
	VRTS	D	0.05%
	MTTR	B	0.05%
	EDR	A	0.05%
	INFA	D	0.05%
	UAA	B	0.05%
	ATGE	D	0.05%
	PYCR	D	0.05%
	PSMT	A	0.05%
	HAYW	C	0.05%
	BROS	F	0.05%
	GO	F	0.05%
	WT	D	0.05%
	KELYA	D	0.05%
	ATEN	B	0.05%
	MNRO	B	0.05%
	QDEL	D	0.05%
	EMBC	F	0.05%
	SFBS	B	0.05%
	HAFC	D	0.05%
	SAVA	D	0.05%
	IVR	C	0.05%
	VVI	B	0.05%
	HCC	C	0.05%
	PGRE	D	0.05%
	MLNK	F	0.05%
	CRAI	B	0.05%
	NABL	F	0.05%
	CLDX	F	0.05%
	RYN	C	0.05%
	CHH	A	0.05%
	CAKE	A	0.05%
	GBX	C	0.05%
	AGYS	D	0.05%
	OWL	A	0.05%
	CNMD	F	0.05%
	NOVA	F	0.05%
	SMP	D	0.05%
	GRBK	C	0.05%
	RXST	F	0.05%
	SKY	C	0.05%
	BNL	C	0.05%
	YELP	D	0.05%
	THRM	F	0.05%
	GEF	B	0.05%
	VREX	F	0.05%
	AORT	B	0.05%
	SLVM	C	0.05%
	COOP	B	0.05%
	PRAA	F	0.05%
	EE	B	0.05%
	AGO	B	0.05%
	MMI	D	0.05%
	PD	F	0.05%
	NYCB	D	0.05%
	NBTB	D	0.05%
	KVYO	B	0.05%
	NEOG	F	0.05%
	RUSHB	D	0.05%
	EWCZ	F	0.05%
	SBH	B	0.05%
	CALM	A	0.05%
	ARKO	C	0.05%
	PLOW	D	0.05%
	DOCN	B	0.05%
	SHC	C	0.05%
	SM	D	0.05%
	INFN	C	0.05%
	GEF	B	0.05%
	MASI	B	0.05%
	MBUU	D	0.05%
	LIVN	C	0.05%
	FIVN	F	0.05%
	CECO	D	0.05%
	VNOM	A	0.05%
	VBTX	C	0.05%
	ZYME	B	0.05%
	VSTS	D	0.05%
	JELD	D	0.05%
	UPST	C	0.05%
	CRMT	F	0.04%
	BRY	F	0.04%
	FNA	F	0.04%
	AGL	F	0.04%
	SEDG	F	0.04%
	BASE	F	0.04%
	MEG	F	0.04%
	CNXC	F	0.04%
	CXM	F	0.04%
	RCUS	D	0.04%
	BRZE	F	0.04%
	PTEN	F	0.04%
	NUVB	F	0.04%
	IART	F	0.04%
	SPT	F	0.04%
	CLSK	F	0.04%
	ASAN	F	0.04%
	EGY	D	0.04%
	CAL	F	0.04%
	GOGO	F	0.04%
	ASPN	C	0.04%
	MTUS	F	0.04%
	CLW	F	0.04%
	NCNO	F	0.04%
	BE	F	0.04%
	LBPH	D	0.04%
	LESL	F	0.04%
	AMC	F	0.04%
	FRSH	F	0.04%
	DGII	B	0.04%
	MLKN	F	0.04%
	ALRM	F	0.04%
	TMCI	F	0.04%
	PFS	D	0.04%
	CDNA	B	0.04%
	DK	F	0.04%
	STAA	D	0.04%
	ESTA	D	0.04%
	VSAT	F	0.03%
	WOLF	F	0.03%
	MC	B	0.02%
	DEI	A	0.02%
	GDOT	C	0.01%

ESML Underweight 125 Positions Relative to BIB

	Symbol	Grade	Weight
	GILD	A	-5.98%
	AMGN	D	-5.44%
	VRTX	D	-5.29%
	REGN	D	-5.0%
	AZN	D	-3.1%
	ALNY	C	-2.41%
	BIIB	F	-1.93%
	MRNA	F	-1.76%
	ILMN	B	-1.42%
	ARGX	C	-1.19%
	SNY	C	-1.15%
	UTHR	C	-1.09%
	SMMT	D	-1.08%
	VTRS	D	-0.95%
	BMRN	F	-0.91%
	RPRX	D	-0.87%
	INCY	B	-0.87%
	NBIX	F	-0.8%
	BNTX	B	-0.8%
	BGNE	A	-0.68%
	ASND	C	-0.59%
	EXEL	B	-0.51%
	LEGN	F	-0.27%
	RYTM	C	-0.22%
	FOLD	F	-0.22%
	IOVA	D	-0.19%
	VCYT	C	-0.18%
	ACAD	F	-0.17%
	HRMY	D	-0.16%
	AMPH	C	-0.16%
	AKRO	D	-0.14%
	VCEL	F	-0.14%
	VRNA	B	-0.14%
	MIRM	D	-0.13%
	SUPN	D	-0.12%
	LGND	C	-0.12%
	BCRX	D	-0.11%
	HROW	B	-0.11%
	ARDX	D	-0.11%
	DAWN	D	-0.1%
	SPRY	C	-0.1%
	DVAX	F	-0.1%
	COLL	A	-0.09%
	ANIP	F	-0.09%
	OCUL	B	-0.09%
	CNTA	B	-0.08%
	MRVI	F	-0.08%
	ZLAB	C	-0.08%
	IMCR	F	-0.08%
	INVA	B	-0.08%
	XNCR	D	-0.08%
	EOLS	C	-0.07%
	GMAB	F	-0.07%
	WVE	C	-0.07%
	VIR	F	-0.07%
	AUPH	C	-0.07%
	TVTX	A	-0.07%
	GRFS	C	-0.07%
	BCYC	D	-0.06%
	SANA	F	-0.06%
	RLAY	F	-0.06%
	CVAC	F	-0.05%
	OLMA	F	-0.05%
	PCRX	D	-0.05%
	ORIC	F	-0.05%
	AUTL	D	-0.05%
	ABUS	D	-0.05%
	REPL	C	-0.05%
	ADPT	A	-0.05%
	ABCL	F	-0.05%
	ERAS	D	-0.05%
	RGNX	F	-0.04%
	URGN	F	-0.04%
	RVNC	F	-0.04%
	THRD	C	-0.04%
	FDMT	F	-0.04%
	LXRX	F	-0.04%
	GLPG	D	-0.04%
	ALLO	D	-0.04%
	YMAB	C	-0.04%
	TERN	C	-0.04%
	MLYS	C	-0.04%
	HCM	B	-0.04%
	SRRK	F	-0.04%
	HUMA	F	-0.04%
	IRWD	F	-0.04%
	BMEA	D	-0.03%
	ITOS	F	-0.03%
	ACIU	D	-0.03%
	TBPH	F	-0.03%
	VERV	F	-0.03%
	TSHA	F	-0.03%
	XERS	B	-0.03%
	EYPT	F	-0.03%
	SAGE	F	-0.03%
	PACB	D	-0.03%
	PRME	F	-0.03%
	AVXL	D	-0.03%
	SIGA	F	-0.03%
	KALV	F	-0.03%
	OABI	F	-0.03%
	FULC	F	-0.02%
	CABA	F	-0.02%
	QURE	F	-0.02%
	AMRN	F	-0.02%
	ZNTL	F	-0.02%
	PGEN	F	-0.02%
	VNDA	F	-0.02%
	EDIT	F	-0.02%
	VYGR	D	-0.02%
	MGTX	F	-0.02%
	LYEL	F	-0.02%
	ACRS	F	-0.01%
	OVID	D	-0.01%
	ALXO	F	-0.01%
	MRNS	D	-0.01%
	BLUE	F	-0.01%
	ME	F	-0.01%
	CHRS	F	-0.01%
	VTYX	F	-0.01%
	CRBU	F	-0.01%
	ATAI	F	-0.01%
	MGNX	F	-0.01%
	RPHM	D	-0.0%
	RAPT	F	-0.0%

ESML: Top Represented Industries & Keywords

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

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

BIB: Top Represented Industries & Keywords

Industries: Biotechnology Drug Manufacturers - Specialty & Generic Diagnostics & Research Drug Manufacturers - Major Long-Term Care Facilities Medical Instruments & Supplies

Keywords: Biopharmaceutical Biotechnology Medicine Cancer Life Sciences Clinical Medicine Disease Biology Immunology Solid Tumors Organ Systems Clinical Development Antibodies Infectious Diseases Pharmaceutical Immune System Pain Autoimmune Disease Acid Drugs