ESML vs. FDIS ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

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

$43.58

Average Daily Volume

90,661

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

FDIS

Fidelity MSCI Consumer Discretionary Index ETF

FDIS Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Discretionary Index, which represents the performance of the consumer discretionary sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Discretionary Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.27

Average Daily Volume

72,440

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FDIS
30 Days	1.97%	7.21%
60 Days	4.70%	8.26%
90 Days	7.67%	13.40%
12 Months	29.08%	29.65%

125 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FDIS	Overlap
AAP	D	0.06%	0.06%	0.06%
ABG	B	0.12%	0.11%	0.11%
ACEL	C	0.05%	0.04%	0.04%
AEO	F	0.08%	0.08%	0.08%
AN	D	0.07%	0.1%	0.07%
ANF	C	0.15%	0.15%	0.15%
ARKO	D	0.05%	0.03%	0.03%
ARMK	C	0.23%	0.19%	0.19%
ATGE	B	0.06%	0.09%	0.06%
AXL	C	0.05%	0.04%	0.04%
BC	D	0.07%	0.12%	0.07%
BFAM	F	0.2%	0.12%	0.12%
BLD	F	0.26%	0.21%	0.21%
BOOT	D	0.06%	0.1%	0.06%
BROS	A	0.07%	0.15%	0.07%
BWA	D	0.18%	0.15%	0.15%
BYD	B	0.06%	0.12%	0.06%
CAKE	B	0.06%	0.07%	0.06%
CAL	F	0.04%	0.04%	0.04%
CCS	F	0.06%	0.07%	0.06%
CHDN	C	0.14%	0.18%	0.14%
CHH	A	0.06%	0.11%	0.06%
CHWY	B	0.08%	0.13%	0.08%
COLM	B	0.07%	0.08%	0.07%
COUR	F	0.04%	0.04%	0.04%
CPRI	F	0.03%	0.05%	0.03%
CRI	F	0.04%	0.05%	0.04%
CRMT	F	0.03%	0.02%	0.02%
CROX	F	0.15%	0.12%	0.12%
CVNA	A	0.48%	0.46%	0.46%
CZR	F	0.14%	0.16%	0.14%
DUOL	A	0.18%	0.21%	0.18%
EAT	A	0.16%	0.14%	0.14%
ETSY	D	0.1%	0.12%	0.1%
EVRI	A	0.08%	0.06%	0.06%
EWCZ	D	0.05%	0.01%	0.01%
EYE	C	0.06%	0.03%	0.03%
FIVE	F	0.1%	0.1%	0.1%
FL	F	0.06%	0.06%	0.06%
FND	F	0.2%	0.19%	0.19%
FOXF	F	0.04%	0.04%	0.04%
FTDR	B	0.22%	0.11%	0.11%
GAP	D	0.12%	0.11%	0.11%
GME	C	0.21%	0.16%	0.16%
GPI	B	0.19%	0.13%	0.13%
GRBK	D	0.04%	0.07%	0.04%
GT	C	0.07%	0.06%	0.06%
HAS	D	0.19%	0.16%	0.16%
HBI	B	0.07%	0.09%	0.07%
HELE	C	0.06%	0.04%	0.04%
HGV	C	0.07%	0.08%	0.07%
HOG	F	0.2%	0.09%	0.09%
HRB	D	0.19%	0.16%	0.16%
HZO	F	0.05%	0.04%	0.04%
IBP	F	0.09%	0.11%	0.09%
JWN	C	0.06%	0.07%	0.06%
KBH	D	0.2%	0.13%	0.13%
KSS	F	0.05%	0.05%	0.05%
KTB	A	0.16%	0.11%	0.11%
LAD	B	0.22%	0.2%	0.2%
LCID	F	0.05%	0.07%	0.05%
LCII	D	0.1%	0.08%	0.08%
LEA	F	0.1%	0.11%	0.1%
LEG	F	0.05%	0.05%	0.05%
LESL	C	0.04%	0.02%	0.02%
LEVI	F	0.05%	0.05%	0.05%
LNW	F	0.19%	0.16%	0.16%
LOPE	B	0.05%	0.11%	0.05%
LRN	A	0.13%	0.11%	0.11%
M	D	0.13%	0.09%	0.09%
MAT	D	0.13%	0.14%	0.13%
MBUU	C	0.06%	0.05%	0.05%
MHK	D	0.07%	0.15%	0.07%
MHO	D	0.05%	0.1%	0.05%
MNRO	C	0.05%	0.05%	0.05%
MOD	A	0.15%	0.13%	0.13%
MODG	F	0.05%	0.04%	0.04%
MOV	D	0.06%	0.02%	0.02%
MTH	D	0.17%	0.13%	0.13%
MTN	C	0.2%	0.13%	0.13%
MUSA	B	0.34%	0.2%	0.2%
NCLH	B	0.24%	0.23%	0.23%
NWL	B	0.1%	0.09%	0.09%
OLLI	D	0.12%	0.13%	0.12%
PENN	C	0.05%	0.08%	0.05%
PLAY	D	0.06%	0.04%	0.04%
PLNT	A	0.2%	0.18%	0.18%
PLYA	B	0.08%	0.05%	0.05%
PVH	C	0.16%	0.12%	0.12%
QS	D	0.04%	0.05%	0.04%
RH	D	0.06%	0.11%	0.06%
RL	C	0.09%	0.17%	0.09%
SBH	B	0.05%	0.06%	0.05%
SCI	A	0.27%	0.23%	0.23%
SHAK	C	0.09%	0.11%	0.09%
SHOO	D	0.11%	0.08%	0.08%
SIG	C	0.1%	0.1%	0.1%
SKY	A	0.05%	0.12%	0.05%
SMP	C	0.05%	0.04%	0.04%
SONO	C	0.07%	0.05%	0.05%
THO	C	0.12%	0.12%	0.12%
THRM	F	0.05%	0.05%	0.05%
TMHC	B	0.17%	0.15%	0.15%
TNL	B	0.16%	0.1%	0.1%
TOL	B	0.27%	0.29%	0.27%
TPH	D	0.14%	0.1%	0.1%
TPR	B	0.29%	0.25%	0.25%
TPX	B	0.14%	0.18%	0.14%
TXRH	B	0.11%	0.25%	0.11%
UAA	C	0.05%	0.07%	0.05%
UPBD	C	0.06%	0.05%	0.05%
VAC	C	0.08%	0.08%	0.08%
VC	F	0.1%	0.06%	0.06%
VFC	C	0.18%	0.15%	0.15%
VSCO	A	0.07%	0.09%	0.07%
VVV	D	0.17%	0.11%	0.11%
W	D	0.06%	0.07%	0.06%
WEN	C	0.09%	0.08%	0.08%
WGO	D	0.12%	0.06%	0.06%
WH	B	0.15%	0.16%	0.15%
WHR	B	0.2%	0.14%	0.14%
WING	D	0.19%	0.18%	0.18%
WRBY	A	0.07%	0.06%	0.06%
XPEL	C	0.05%	0.05%	0.05%
YETI	D	0.12%	0.08%	0.08%

ESML Overweight 779 Positions Relative to FDIS

Symbol	Grade	Weight
CASY	A	0.52%
JHG	B	0.51%
USFD	A	0.49%
SFM	A	0.43%
GWRE	A	0.43%
INGR	B	0.42%
EWBC	A	0.4%
FIX	A	0.38%
NTNX	B	0.36%
KBR	F	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	D	0.34%
FLEX	B	0.33%
XPO	B	0.33%
IBKR	A	0.32%
FRT	B	0.31%
REXR	F	0.31%
NTRA	A	0.31%
OGS	A	0.31%
OSK	C	0.3%
GBCI	B	0.3%
BWXT	A	0.3%
BMI	C	0.3%
RGA	B	0.3%
PNFP	B	0.3%
SNV	B	0.3%
SIGI	B	0.29%
EHC	B	0.29%
RGLD	C	0.29%
R	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
DTM	A	0.28%
COHR	B	0.28%
SAIA	C	0.28%
ITT	A	0.28%
AVT	C	0.27%
UMBF	B	0.27%
WBS	A	0.27%
SSB	B	0.27%
AXTA	B	0.27%
GPK	D	0.26%
ALSN	B	0.26%
MWA	B	0.25%
WEX	F	0.25%
UNM	A	0.25%
DCI	B	0.25%
AAON	B	0.25%
RRC	B	0.25%
BJ	B	0.25%
PRGS	B	0.24%
WCC	B	0.24%
FTAI	A	0.24%
UGI	C	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	C	0.24%
ATR	B	0.24%
HRI	C	0.24%
REZI	A	0.23%
AFRM	A	0.23%
CBSH	A	0.23%
PRI	A	0.23%
AWI	B	0.23%
EXLS	B	0.23%
ALK	A	0.23%
CW	B	0.23%
FHN	A	0.23%
THC	C	0.23%
MTG	D	0.23%
SOFI	A	0.22%
CNM	C	0.22%
GNRC	B	0.22%
FELE	B	0.22%
WAL	B	0.22%
CMC	B	0.22%
CVLT	B	0.22%
AR	B	0.22%
EGP	D	0.21%
CDP	C	0.21%
CMA	B	0.21%
CACI	C	0.21%
WMS	F	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	F	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
RHI	C	0.21%
NJR	A	0.21%
ITRI	B	0.2%
CNO	B	0.2%
LECO	C	0.2%
BDC	B	0.2%
KNSL	B	0.2%
FBP	B	0.2%
TGNA	B	0.2%
CUBE	C	0.2%
OMF	A	0.2%
NFG	A	0.2%
PCTY	B	0.2%
ZION	B	0.2%
BHLB	B	0.2%
ENSG	D	0.2%
RLI	A	0.2%
HHH	B	0.2%
WK	C	0.2%
ZWS	B	0.2%
AVA	C	0.19%
PR	B	0.19%
AMG	C	0.19%
CIEN	B	0.19%
FCN	F	0.19%
LUMN	C	0.19%
ONB	B	0.19%
AXS	A	0.19%
OHI	B	0.19%
SNDR	B	0.19%
DAR	B	0.19%
FRPT	A	0.19%
AA	A	0.19%
NOVT	D	0.19%
RHP	B	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	C	0.19%
BANR	B	0.18%
SF	B	0.18%
SRPT	F	0.18%
NYT	D	0.18%
SPXC	A	0.18%
THG	A	0.18%
GKOS	A	0.18%
KNTK	A	0.18%
MORN	B	0.18%
EPRT	A	0.18%
MDU	D	0.18%
ENLC	A	0.18%
AEIS	B	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	D	0.17%
FN	B	0.17%
PCH	D	0.17%
PCOR	C	0.17%
PEN	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
ASB	B	0.17%
LPX	B	0.17%
UBSI	B	0.17%
MSA	D	0.17%
GATX	B	0.17%
WSC	F	0.17%
MTZ	A	0.17%
DLB	F	0.16%
RGEN	F	0.16%
BRX	A	0.16%
MYRG	C	0.16%
DBX	C	0.16%
TTEK	F	0.16%
FAF	C	0.16%
HQY	A	0.16%
SPSC	F	0.16%
TKO	A	0.16%
ACIW	B	0.16%
SLM	B	0.16%
BCC	C	0.16%
BHE	B	0.16%
JAZZ	C	0.16%
SITE	D	0.16%
FLS	A	0.16%
ELAN	D	0.16%
GXO	B	0.16%
VOYA	B	0.16%
CFLT	B	0.15%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
MEDP	D	0.15%
CRUS	F	0.15%
CPF	B	0.15%
MMSI	A	0.15%
FSS	B	0.15%
AM	A	0.15%
VNT	C	0.15%
FIBK	B	0.15%
CRS	A	0.15%
NOV	D	0.15%
LSCC	D	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	B	0.15%
WFRD	F	0.15%
GTLB	B	0.15%
PINC	B	0.14%
OZK	B	0.14%
HXL	F	0.14%
BECN	B	0.14%
X	C	0.14%
GTLS	A	0.14%
ESI	B	0.14%
LFUS	D	0.14%
CHE	F	0.14%
SR	A	0.14%
RYAN	B	0.14%
SMAR	A	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
BILL	B	0.14%
IDCC	B	0.14%
ASGN	F	0.14%
ATI	C	0.14%
JXN	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
AVAV	C	0.13%
HESM	A	0.13%
BRKR	F	0.13%
EPAC	B	0.13%
CAVA	C	0.13%
AIT	B	0.13%
STRL	A	0.13%
CBT	C	0.13%
PDCO	F	0.13%
FYBR	C	0.13%
ORI	A	0.13%
KNF	B	0.13%
KLIC	C	0.13%
SWX	A	0.13%
ITGR	B	0.13%
CYTK	D	0.13%
AZEK	B	0.13%
CPK	A	0.13%
MUR	F	0.13%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
VMI	B	0.13%
ELF	C	0.13%
COLB	B	0.13%
CABO	C	0.13%
AGCO	F	0.13%
HIW	D	0.13%
CVBF	B	0.12%
AGNC	C	0.12%
EVR	B	0.12%
DFIN	D	0.12%
IRDM	F	0.12%
QTWO	B	0.12%
KOS	D	0.12%
RKLB	B	0.12%
WHD	B	0.12%
BLKB	B	0.12%
S	B	0.12%
GL	C	0.12%
CRDO	B	0.12%
WERN	B	0.12%
MTX	C	0.12%
ADT	B	0.12%
HAE	C	0.12%
FULT	B	0.12%
CSGS	B	0.11%
PEGA	B	0.11%
PATH	C	0.11%
JEF	A	0.11%
DXC	D	0.11%
ORA	B	0.11%
KRC	C	0.11%
GMED	A	0.11%
ABCB	B	0.11%
AUB	B	0.11%
VKTX	F	0.11%
LYFT	C	0.11%
XENE	D	0.11%
WDFC	B	0.11%
CRNX	C	0.11%
APPF	C	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
SON	F	0.11%
ADC	A	0.11%
MRCY	C	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	A	0.11%
RXO	C	0.1%
CFR	B	0.1%
TDC	D	0.1%
HASI	F	0.1%
ERII	D	0.1%
PJT	B	0.1%
AROC	A	0.1%
SCL	D	0.1%
RVMD	B	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	D	0.1%
ALKS	C	0.1%
TRN	A	0.1%
FA	D	0.1%
SSD	D	0.1%
DV	C	0.1%
CAC	B	0.1%
STWD	C	0.1%
FUL	F	0.1%
VECO	F	0.1%
NXT	D	0.1%
SLG	B	0.1%
DY	C	0.1%
BHVN	C	0.1%
DNLI	C	0.1%
DRS	B	0.1%
APAM	B	0.1%
CRC	A	0.1%
LITE	B	0.1%
PFSI	C	0.1%
FLR	B	0.1%
TRNO	D	0.1%
AL	B	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
KD	A	0.1%
AMAL	B	0.1%
CGNX	D	0.1%
ALTM	C	0.1%
PSN	C	0.1%
LNTH	F	0.1%
VNO	C	0.09%
OGN	F	0.09%
AMED	F	0.09%
RNA	C	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
U	F	0.09%
ARW	F	0.09%
KFY	B	0.09%
CNK	A	0.09%
POST	C	0.09%
RDN	D	0.09%
MGRC	B	0.09%
FR	C	0.09%
CURB	D	0.09%
SLAB	F	0.09%
ZI	D	0.09%
MTSI	B	0.09%
OPCH	F	0.09%
ESE	B	0.09%
NXST	C	0.09%
SJW	F	0.09%
ATKR	D	0.09%
HWC	B	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	C	0.09%
IMAX	A	0.09%
LNC	B	0.09%
POWL	C	0.09%
ACHC	F	0.09%
AVPT	A	0.08%
AMWD	C	0.08%
SBRA	B	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	F	0.08%
KTOS	C	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
IESC	A	0.08%
BL	C	0.08%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	C	0.08%
ACLX	C	0.08%
SNX	D	0.08%
CRSP	D	0.08%
VSEC	B	0.08%
BPOP	C	0.08%
INTA	B	0.08%
ST	F	0.08%
ALG	C	0.08%
SASR	B	0.08%
TNET	F	0.08%
PRVA	C	0.08%
LBPH	A	0.08%
TEX	D	0.08%
INDB	B	0.08%
INSP	F	0.08%
ENOV	C	0.08%
TDS	B	0.08%
PIPR	B	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	D	0.08%
HR	C	0.08%
NTGR	A	0.08%
UNIT	B	0.08%
BOH	B	0.08%
LNN	B	0.08%
STC	B	0.08%
MAC	A	0.08%
PRCT	B	0.08%
JBT	A	0.08%
DOCS	C	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	A	0.07%
SKT	A	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	B	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	A	0.07%
CWEN	C	0.07%
WU	F	0.07%
ESRT	C	0.07%
SEE	D	0.07%
PECO	A	0.07%
HAFC	B	0.07%
TREX	D	0.07%
CWK	C	0.07%
GTES	A	0.07%
BDN	C	0.07%
ESNT	D	0.07%
VVX	C	0.07%
ENR	B	0.07%
AVNT	B	0.07%
PRGO	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	F	0.07%
HIMS	C	0.07%
HWKN	B	0.07%
GH	B	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
CTS	C	0.07%
WTFC	B	0.07%
PI	D	0.07%
SXT	C	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	B	0.07%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	F	0.06%
CAR	C	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
TMCI	C	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	C	0.06%
PRO	C	0.06%
DCO	B	0.06%
VERA	C	0.06%
RBBN	B	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	C	0.06%
PTCT	C	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
LXP	D	0.06%
VRNT	D	0.06%
COKE	C	0.06%
POWI	D	0.06%
CMCO	C	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	D	0.06%
EXP	B	0.06%
ATEN	A	0.06%
CLH	C	0.06%
ROCK	D	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
MGNI	A	0.06%
AGO	A	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
VREX	C	0.06%
ANDE	F	0.06%
FROG	C	0.06%
SFBS	B	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	F	0.06%
CART	C	0.06%
SMTC	C	0.06%
PLUS	F	0.06%
OWL	A	0.06%
NVST	C	0.06%
PPBI	B	0.06%
ACVA	A	0.06%
SM	C	0.06%
RCM	A	0.06%
ROIV	D	0.06%
FLYW	B	0.06%
APG	C	0.06%
IDYA	F	0.06%
HURN	B	0.06%
PK	D	0.06%
ADMA	C	0.06%
CLB	C	0.06%
MNKD	B	0.06%
TALO	C	0.06%
TGI	A	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	C	0.06%
KE	C	0.06%
ENV	B	0.06%
FUN	C	0.06%
KREF	D	0.06%
VRNS	D	0.06%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	A	0.06%
MAN	F	0.06%
VRDN	D	0.06%
VERX	A	0.06%
PDM	D	0.06%
PAHC	B	0.06%
MASI	B	0.06%
CALM	A	0.06%
IBOC	B	0.06%
WD	D	0.06%
VVI	B	0.06%
FFIN	B	0.06%
COMP	B	0.06%
OII	B	0.06%
PAYO	A	0.06%
BANC	B	0.06%
CBU	B	0.06%
NARI	C	0.06%
SWTX	C	0.05%
KLG	D	0.05%
RXST	F	0.05%
TWST	F	0.05%
BNL	D	0.05%
ARVN	F	0.05%
PBI	B	0.05%
NUVB	C	0.05%
ZEUS	C	0.05%
ETNB	D	0.05%
HLX	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
PLOW	D	0.05%
DOCN	D	0.05%
SHC	F	0.05%
CECO	C	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	F	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	F	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
CLVT	D	0.05%
XRAY	D	0.05%
GOGO	C	0.05%
PSMT	D	0.05%
BASE	C	0.05%
WNC	D	0.05%
MLTX	C	0.05%
SLNO	C	0.05%
INVX	C	0.05%
ASAN	C	0.05%
MLNK	C	0.05%
MPW	F	0.05%
AI	B	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
BEAM	C	0.05%
AWR	A	0.05%
PFS	B	0.05%
PGRE	D	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	D	0.05%
INFN	D	0.05%
MRC	B	0.05%
SPR	D	0.05%
WKC	D	0.05%
VITL	D	0.05%
ELVN	C	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
KYMR	C	0.05%
HAYW	B	0.05%
EMBC	D	0.05%
NEO	C	0.05%
SLVM	C	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	C	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	B	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	D	0.05%
CSTL	C	0.05%
IART	C	0.05%
CC	D	0.05%
PRG	C	0.05%
FFBC	B	0.05%
GEF	B	0.05%
TMDX	F	0.05%
BE	A	0.05%
ADUS	D	0.05%
LIVN	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
KMPR	A	0.05%
EPR	D	0.05%
MDGL	C	0.05%
ASTE	C	0.05%
CUBI	C	0.05%
ARWR	D	0.05%
KVYO	D	0.05%
UFPT	C	0.05%
RNG	C	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
TNC	F	0.05%
ARQT	C	0.05%
GEF	B	0.05%
NUVL	D	0.05%
YELP	C	0.05%
JBGS	F	0.05%
RUSHA	B	0.05%
MXL	C	0.05%
NCNO	B	0.05%
COOP	B	0.05%
COLD	F	0.05%
CALX	D	0.05%
NBHC	B	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CIVI	D	0.05%
CRAI	B	0.05%
RCKT	F	0.04%
OMI	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
FORM	F	0.04%
BKD	F	0.04%
HOUS	D	0.04%
GPRE	F	0.04%
FLGT	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
XRX	F	0.04%
PRTA	F	0.04%
NTLA	F	0.04%
PGNY	F	0.04%
CLDX	F	0.04%
EGY	F	0.04%
ESTA	F	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CXM	C	0.04%
TNDM	F	0.04%
CGEM	F	0.04%
SAVA	C	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
MLKN	F	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MTUS	D	0.04%
MMS	D	0.04%
AMN	F	0.04%
OSCR	C	0.04%
AMC	D	0.04%
ASH	F	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	D	0.04%
HL	C	0.04%
BBIO	F	0.04%
DK	D	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
FLO	D	0.04%
PTEN	C	0.04%
NVCR	D	0.04%
MEI	F	0.04%
IVR	D	0.04%
BRZE	C	0.04%
LGF.A	F	0.04%
CWT	C	0.04%
THS	F	0.04%
UCB	A	0.04%
KRYS	C	0.04%
RXRX	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	F	0.04%
NEOG	D	0.04%
NVAX	F	0.03%
ANAB	F	0.03%
WOLF	F	0.03%
MEG	F	0.03%
TXG	F	0.03%
SITC	D	0.03%
CNXC	F	0.03%
CDNA	D	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
APLS	F	0.03%
CCRN	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	F	0.03%
STAA	F	0.03%
JELD	F	0.03%
KELYA	F	0.03%
AGL	F	0.02%
MC	B	0.02%
NOVA	F	0.02%
VSAT	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 138 Positions Relative to FDIS

Symbol	Grade	Weight
AMZN	B	-23.16%
TSLA	A	-14.23%
HD	A	-6.43%
MCD	D	-3.46%
BKNG	A	-2.73%
LOW	C	-2.49%
TJX	A	-2.19%
SBUX	A	-1.83%
NKE	F	-1.49%
MELI	D	-1.39%
CMG	C	-1.35%
ORLY	B	-1.19%
MAR	B	-1.14%
GM	B	-1.09%
HLT	A	-1.04%
ABNB	D	-0.97%
RCL	A	-0.95%
AZO	C	-0.89%
DASH	A	-0.83%
DHI	D	-0.81%
ROST	D	-0.79%
F	C	-0.72%
LEN	D	-0.69%
YUM	D	-0.64%
LULU	C	-0.63%
GRMN	B	-0.55%
EBAY	D	-0.54%
NVR	D	-0.5%
TSCO	D	-0.5%
DECK	A	-0.47%
PHM	D	-0.47%
CCL	A	-0.43%
EXPE	B	-0.42%
DRI	C	-0.35%
LVS	B	-0.32%
BBY	D	-0.32%
ULTA	F	-0.32%
DKNG	B	-0.31%
BURL	A	-0.31%
GPC	F	-0.3%
WSM	D	-0.29%
DPZ	C	-0.27%
APTV	F	-0.26%
POOL	D	-0.25%
KMX	C	-0.23%
DKS	D	-0.22%
LKQ	F	-0.19%
WYNN	D	-0.18%
MGM	D	-0.18%
SKX	F	-0.16%
RIVN	F	-0.15%
GNTX	F	-0.14%
H	B	-0.14%
ALV	C	-0.14%
BBWI	C	-0.12%
PTON	C	-0.11%
DORM	B	-0.1%
GHC	B	-0.09%
CVCO	A	-0.09%
SGBX	F	-0.09%
VSTO	A	-0.08%
PATK	D	-0.08%
WWW	A	-0.08%
PII	F	-0.08%
PAG	B	-0.08%
ASO	F	-0.08%
LGIH	F	-0.07%
GOLF	B	-0.07%
RVLV	B	-0.07%
CWH	C	-0.07%
RRR	F	-0.07%
LAUR	A	-0.07%
PHIN	B	-0.07%
SABR	B	-0.06%
STRA	C	-0.06%
UA	C	-0.06%
BKE	B	-0.06%
OSW	B	-0.06%
LTH	C	-0.06%
LZB	B	-0.06%
URBN	C	-0.06%
ADTN	A	-0.06%
SAH	B	-0.05%
FLUT	A	-0.05%
WINA	B	-0.05%
ADNT	F	-0.05%
BZH	C	-0.05%
GIII	D	-0.05%
UTI	A	-0.05%
DDS	B	-0.05%
MCRI	A	-0.05%
PZZA	F	-0.05%
FIGS	F	-0.04%
RGR	F	-0.04%
FWRG	C	-0.04%
ETD	D	-0.04%
OXM	F	-0.04%
JACK	D	-0.04%
PTLO	F	-0.04%
DFH	F	-0.04%
WOR	F	-0.04%
SCVL	F	-0.04%
BJRI	C	-0.04%
DNUT	F	-0.04%
HOV	D	-0.04%
PRDO	B	-0.04%
GDEN	B	-0.04%
VZIO	A	-0.04%
CBRL	C	-0.04%
MCW	C	-0.04%
GES	F	-0.03%
RICK	C	-0.03%
BALY	A	-0.03%
LIND	B	-0.03%
SWBI	C	-0.03%
ODP	F	-0.03%
DIN	C	-0.03%
KRUS	D	-0.03%
BLMN	F	-0.03%
DAN	F	-0.03%
UDMY	D	-0.03%
GTX	F	-0.03%
LAZR	D	-0.02%
LEGH	D	-0.02%
HVT	D	-0.02%
BOWL	D	-0.02%
DENN	D	-0.02%
TH	C	-0.02%
XPOF	B	-0.02%
ARHS	F	-0.02%
WOOF	D	-0.02%
SRI	F	-0.01%
GRPN	F	-0.01%
DBI	F	-0.01%
FLWS	F	-0.01%
CRCT	F	-0.01%
AMRK	F	-0.0%
RSI	B	-0.0%