ESML vs. FNX ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to First Trust Mid Cap Core AlphaDEX (FNX)

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

FNX

First Trust Mid Cap Core AlphaDEX

FNX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$121.05

Average Daily Volume

19,359

Number of Holdings ^*

437

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FNX
30 Days	1.97%	1.65%
60 Days	4.70%	4.07%
90 Days	7.67%	7.14%
12 Months	29.08%	31.19%

306 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FNX	Overlap
AAON	B	0.25%	0.36%	0.25%
AAP	D	0.06%	0.27%	0.06%
ABCB	B	0.11%	0.23%	0.11%
ABG	B	0.12%	0.31%	0.12%
ACA	A	0.14%	0.16%	0.14%
ACIW	B	0.16%	0.4%	0.16%
ADC	A	0.11%	0.21%	0.11%
AEO	F	0.08%	0.23%	0.08%
AFRM	A	0.23%	0.4%	0.23%
AGCO	F	0.13%	0.2%	0.13%
AGNC	C	0.12%	0.06%	0.06%
AGO	A	0.06%	0.39%	0.06%
AIT	B	0.13%	0.25%	0.13%
AL	B	0.1%	0.36%	0.1%
ALK	A	0.23%	0.24%	0.23%
ALKS	C	0.1%	0.22%	0.1%
ALSN	B	0.26%	0.35%	0.26%
AMG	C	0.19%	0.36%	0.19%
AN	D	0.07%	0.26%	0.07%
ANF	C	0.15%	0.22%	0.15%
AR	B	0.22%	0.14%	0.14%
ARMK	C	0.23%	0.07%	0.07%
ARW	F	0.09%	0.25%	0.09%
ASGN	F	0.14%	0.22%	0.14%
ASH	F	0.04%	0.26%	0.04%
ATI	C	0.14%	0.31%	0.14%
ATKR	D	0.09%	0.39%	0.09%
ATR	B	0.24%	0.15%	0.15%
AUB	B	0.11%	0.16%	0.11%
AUR	C	0.08%	0.2%	0.08%
AVAV	C	0.13%	0.32%	0.13%
AVNT	B	0.07%	0.14%	0.07%
AVT	C	0.27%	0.29%	0.27%
AWI	B	0.23%	0.25%	0.23%
AXS	A	0.19%	0.22%	0.19%
AXSM	B	0.06%	0.14%	0.06%
AXTA	B	0.27%	0.15%	0.15%
AYI	B	0.34%	0.17%	0.17%
AZEK	B	0.13%	0.14%	0.13%
BC	D	0.07%	0.21%	0.07%
BCC	C	0.16%	0.35%	0.16%
BCPC	B	0.13%	0.07%	0.07%
BDC	B	0.2%	0.23%	0.2%
BECN	B	0.14%	0.25%	0.14%
BERY	D	0.17%	0.21%	0.17%
BFAM	F	0.2%	0.29%	0.2%
BJ	B	0.25%	0.08%	0.08%
BLKB	B	0.12%	0.14%	0.12%
BMI	C	0.3%	0.29%	0.29%
BOOT	D	0.06%	0.28%	0.06%
BOX	B	0.13%	0.22%	0.13%
BPMC	C	0.08%	0.08%	0.08%
BPOP	C	0.08%	0.13%	0.08%
BRBR	A	0.1%	0.16%	0.1%
BRX	A	0.16%	0.14%	0.14%
BWA	D	0.18%	0.33%	0.18%
BWXT	A	0.3%	0.24%	0.24%
BYD	B	0.06%	0.32%	0.06%
CACI	C	0.21%	0.39%	0.21%
CADE	B	0.15%	0.33%	0.15%
CBSH	A	0.23%	0.08%	0.08%
CBT	C	0.13%	0.29%	0.13%
CFR	B	0.1%	0.17%	0.1%
CHDN	C	0.14%	0.08%	0.08%
CIVI	D	0.05%	0.37%	0.05%
CLF	F	0.06%	0.28%	0.06%
CLH	C	0.06%	0.23%	0.06%
CLSK	C	0.06%	0.1%	0.06%
CMA	B	0.21%	0.16%	0.16%
CMC	B	0.22%	0.4%	0.22%
CNO	B	0.2%	0.31%	0.2%
CNX	A	0.28%	0.41%	0.28%
CNXC	F	0.03%	0.28%	0.03%
COHR	B	0.28%	0.35%	0.28%
COKE	C	0.06%	0.33%	0.06%
COLB	B	0.13%	0.25%	0.13%
COLM	B	0.07%	0.21%	0.07%
COOP	B	0.05%	0.38%	0.05%
CRC	A	0.1%	0.23%	0.1%
CRDO	B	0.12%	0.22%	0.12%
CROX	F	0.15%	0.1%	0.1%
CRS	A	0.15%	0.39%	0.15%
CRUS	F	0.15%	0.12%	0.12%
CRVL	A	0.09%	0.31%	0.09%
CUBE	C	0.2%	0.13%	0.13%
CUZ	B	0.21%	0.23%	0.21%
CVLT	B	0.22%	0.39%	0.22%
CW	B	0.23%	0.33%	0.23%
CZR	F	0.14%	0.07%	0.07%
DAR	B	0.19%	0.31%	0.19%
DBX	C	0.16%	0.07%	0.07%
DCI	B	0.25%	0.07%	0.07%
DTM	A	0.28%	0.17%	0.17%
DUOL	A	0.18%	0.41%	0.18%
DXC	D	0.11%	0.29%	0.11%
DY	C	0.1%	0.34%	0.1%
EGP	D	0.21%	0.07%	0.07%
EHC	B	0.29%	0.3%	0.29%
ELAN	D	0.16%	0.07%	0.07%
ENSG	D	0.2%	0.36%	0.2%
EPRT	A	0.18%	0.27%	0.18%
ESI	B	0.14%	0.07%	0.07%
ESNT	D	0.07%	0.3%	0.07%
EWBC	A	0.4%	0.35%	0.35%
EXLS	B	0.23%	0.34%	0.23%
EXP	B	0.06%	0.3%	0.06%
EXPO	D	0.06%	0.13%	0.06%
FAF	C	0.16%	0.14%	0.14%
FCN	F	0.19%	0.06%	0.06%
FELE	B	0.22%	0.14%	0.14%
FFIN	B	0.06%	0.23%	0.06%
FHN	A	0.23%	0.27%	0.23%
FIVE	F	0.1%	0.21%	0.1%
FIX	A	0.38%	0.41%	0.38%
FLO	D	0.04%	0.07%	0.04%
FLR	B	0.1%	0.07%	0.07%
FLS	A	0.16%	0.24%	0.16%
FMC	D	0.14%	0.32%	0.14%
FND	F	0.2%	0.06%	0.06%
FOUR	A	0.06%	0.4%	0.06%
FR	C	0.09%	0.07%	0.07%
FRPT	A	0.19%	0.32%	0.19%
FSS	B	0.15%	0.2%	0.15%
FUL	F	0.1%	0.14%	0.1%
GAP	D	0.12%	0.07%	0.07%
GATX	B	0.17%	0.08%	0.08%
GKOS	A	0.18%	0.15%	0.15%
GL	C	0.12%	0.22%	0.12%
GME	C	0.21%	0.08%	0.08%
GMED	A	0.11%	0.32%	0.11%
GPI	B	0.19%	0.37%	0.19%
GPK	D	0.26%	0.14%	0.14%
GWRE	A	0.43%	0.3%	0.3%
GXO	B	0.16%	0.16%	0.16%
HALO	F	0.11%	0.22%	0.11%
HASI	F	0.1%	0.23%	0.1%
HCC	B	0.05%	0.41%	0.05%
HGV	C	0.07%	0.16%	0.07%
HIMS	C	0.07%	0.36%	0.07%
HOG	F	0.2%	0.3%	0.2%
HRB	D	0.19%	0.2%	0.19%
HRI	C	0.24%	0.31%	0.24%
HWC	B	0.09%	0.24%	0.09%
IBKR	A	0.32%	0.34%	0.32%
IBOC	B	0.06%	0.17%	0.06%
IBP	F	0.09%	0.18%	0.09%
INGR	B	0.42%	0.31%	0.31%
INSM	C	0.21%	0.21%	0.21%
INSP	F	0.08%	0.13%	0.08%
ITCI	B	0.15%	0.17%	0.15%
ITGR	B	0.13%	0.29%	0.13%
ITRI	B	0.2%	0.32%	0.2%
ITT	A	0.28%	0.22%	0.22%
JAZZ	C	0.16%	0.31%	0.16%
JEF	A	0.11%	0.16%	0.11%
JLL	D	0.34%	0.07%	0.07%
JWN	C	0.06%	0.21%	0.06%
JXN	C	0.14%	0.33%	0.14%
KBH	D	0.2%	0.34%	0.2%
KD	A	0.1%	0.08%	0.08%
KFY	B	0.09%	0.15%	0.09%
KNF	B	0.13%	0.4%	0.13%
KNSL	B	0.2%	0.07%	0.07%
KRC	C	0.11%	0.3%	0.11%
KTB	A	0.16%	0.39%	0.16%
LAD	B	0.22%	0.41%	0.22%
LBRDK	C	0.07%	0.35%	0.07%
LEA	F	0.1%	0.31%	0.1%
LFUS	D	0.14%	0.07%	0.07%
LNC	B	0.09%	0.31%	0.09%
LNTH	F	0.1%	0.28%	0.1%
LOPE	B	0.05%	0.09%	0.05%
LPX	B	0.17%	0.22%	0.17%
LSTR	D	0.21%	0.07%	0.07%
LYFT	C	0.11%	0.1%	0.1%
M	D	0.13%	0.28%	0.13%
MARA	C	0.09%	0.08%	0.08%
MAT	D	0.13%	0.14%	0.13%
MDU	D	0.18%	0.34%	0.18%
MHO	D	0.05%	0.34%	0.05%
MMS	D	0.04%	0.21%	0.04%
MMSI	A	0.15%	0.22%	0.15%
MOD	A	0.15%	0.34%	0.15%
MOG.A	B	0.24%	0.39%	0.24%
MORN	B	0.18%	0.08%	0.08%
MTG	D	0.23%	0.33%	0.23%
MTH	D	0.17%	0.33%	0.17%
MUR	F	0.13%	0.35%	0.13%
MUSA	B	0.34%	0.07%	0.07%
NCLH	B	0.24%	0.28%	0.24%
NFG	A	0.2%	0.27%	0.2%
NJR	A	0.21%	0.14%	0.14%
NOV	D	0.15%	0.36%	0.15%
NSIT	F	0.13%	0.06%	0.06%
NTNX	B	0.36%	0.08%	0.08%
NTRA	A	0.31%	0.37%	0.31%
NXST	C	0.09%	0.28%	0.09%
NYT	D	0.18%	0.14%	0.14%
OGN	F	0.09%	0.12%	0.09%
OGS	A	0.31%	0.28%	0.28%
OHI	B	0.19%	0.14%	0.14%
OLLI	D	0.12%	0.14%	0.12%
OMF	A	0.2%	0.25%	0.2%
ONB	B	0.19%	0.16%	0.16%
OPCH	F	0.09%	0.05%	0.05%
ORA	B	0.11%	0.08%	0.08%
ORI	A	0.13%	0.22%	0.13%
OSK	C	0.3%	0.39%	0.3%
OWL	A	0.06%	0.08%	0.06%
OZK	B	0.14%	0.3%	0.14%
PBF	D	0.06%	0.35%	0.06%
PCTY	B	0.2%	0.09%	0.09%
PEGA	B	0.11%	0.33%	0.11%
PFSI	C	0.1%	0.06%	0.06%
PI	D	0.07%	0.26%	0.07%
PIPR	B	0.08%	0.33%	0.08%
PLNT	A	0.2%	0.25%	0.2%
PNFP	B	0.3%	0.17%	0.17%
POST	C	0.09%	0.2%	0.09%
PRGO	C	0.07%	0.14%	0.07%
PRI	A	0.23%	0.16%	0.16%
PSN	C	0.1%	0.38%	0.1%
PTEN	C	0.04%	0.38%	0.04%
PVH	C	0.16%	0.36%	0.16%
QTWO	B	0.12%	0.45%	0.12%
R	B	0.29%	0.31%	0.29%
RARE	F	0.07%	0.13%	0.07%
RDN	D	0.09%	0.34%	0.09%
RDNT	B	0.1%	0.29%	0.1%
RGLD	C	0.29%	0.07%	0.07%
RHI	C	0.21%	0.16%	0.16%
RHP	B	0.19%	0.07%	0.07%
RL	C	0.09%	0.24%	0.09%
RLI	A	0.2%	0.08%	0.08%
RNA	C	0.09%	0.14%	0.09%
RNR	C	0.24%	0.34%	0.24%
ROIV	D	0.06%	0.07%	0.06%
RRC	B	0.25%	0.3%	0.25%
RRX	B	0.15%	0.07%	0.07%
RUN	F	0.05%	0.16%	0.05%
RUSHA	B	0.05%	0.33%	0.05%
RVMD	B	0.1%	0.09%	0.09%
RYAN	B	0.14%	0.23%	0.14%
RYN	D	0.05%	0.13%	0.05%
S	B	0.12%	0.16%	0.12%
SBRA	B	0.08%	0.22%	0.08%
SCI	A	0.27%	0.15%	0.15%
SEE	D	0.07%	0.07%	0.07%
SEM	B	0.07%	0.16%	0.07%
SF	B	0.18%	0.09%	0.09%
SFBS	B	0.06%	0.42%	0.06%
SFM	A	0.43%	0.46%	0.43%
SIG	C	0.1%	0.33%	0.1%
SIGI	B	0.29%	0.08%	0.08%
SKY	A	0.05%	0.07%	0.05%
SLG	B	0.1%	0.24%	0.1%
SLM	B	0.16%	0.21%	0.16%
SM	C	0.06%	0.38%	0.06%
SNV	B	0.3%	0.09%	0.09%
SNX	D	0.08%	0.29%	0.08%
SOFI	A	0.22%	0.35%	0.22%
SON	F	0.11%	0.26%	0.11%
SR	A	0.14%	0.27%	0.14%
SSB	B	0.27%	0.16%	0.16%
SSD	D	0.1%	0.07%	0.07%
STWD	C	0.1%	0.07%	0.07%
SUM	B	0.28%	0.27%	0.27%
SWX	A	0.13%	0.21%	0.13%
TEX	D	0.08%	0.37%	0.08%
THG	A	0.18%	0.08%	0.08%
THO	C	0.12%	0.21%	0.12%
TKO	A	0.16%	0.27%	0.16%
TMDX	F	0.05%	0.15%	0.05%
TMHC	B	0.17%	0.37%	0.17%
TNET	F	0.08%	0.07%	0.07%
TPH	D	0.14%	0.33%	0.14%
TPR	B	0.29%	0.16%	0.16%
TTEK	F	0.16%	0.35%	0.16%
TXRH	B	0.11%	0.24%	0.11%
U	F	0.09%	0.06%	0.06%
UBSI	B	0.17%	0.16%	0.16%
UCB	A	0.04%	0.15%	0.04%
UGI	C	0.24%	0.33%	0.24%
UMBF	B	0.27%	0.16%	0.16%
UNM	A	0.25%	0.33%	0.25%
USFD	A	0.49%	0.08%	0.08%
VLY	B	0.15%	0.23%	0.15%
VMI	B	0.13%	0.08%	0.08%
VNO	C	0.09%	0.08%	0.08%
VNT	C	0.15%	0.25%	0.15%
VOYA	B	0.16%	0.14%	0.14%
VRNS	D	0.06%	0.19%	0.06%
VRRM	F	0.06%	0.06%	0.06%
WAL	B	0.22%	0.15%	0.15%
WBS	A	0.27%	0.26%	0.26%
WCC	B	0.24%	0.34%	0.24%
WD	D	0.06%	0.14%	0.06%
WHD	B	0.12%	0.24%	0.12%
WHR	B	0.2%	0.29%	0.2%
WING	D	0.19%	0.11%	0.11%
WTFC	B	0.07%	0.25%	0.07%
WTM	A	0.13%	0.08%	0.08%
WTS	B	0.21%	0.14%	0.14%
WU	F	0.07%	0.19%	0.07%
WWD	B	0.19%	0.15%	0.15%
ZION	B	0.2%	0.26%	0.2%

ESML Overweight 598 Positions Relative to FNX

Symbol	Grade	Weight
CASY	A	0.52%
JHG	B	0.51%
CVNA	A	0.48%
KBR	F	0.35%
FTI	A	0.35%
FLEX	B	0.33%
XPO	B	0.33%
FRT	B	0.31%
REXR	F	0.31%
GBCI	B	0.3%
RGA	B	0.3%
SAIA	C	0.28%
TOL	B	0.27%
BLD	F	0.26%
MWA	B	0.25%
WEX	F	0.25%
PRGS	B	0.24%
FTAI	A	0.24%
IVZ	C	0.24%
REZI	A	0.23%
THC	C	0.23%
FTDR	B	0.22%
CNM	C	0.22%
GNRC	B	0.22%
CDP	C	0.21%
WMS	F	0.21%
PCVX	D	0.21%
ONTO	F	0.21%
LECO	C	0.2%
FBP	B	0.2%
TGNA	B	0.2%
MTN	C	0.2%
BHLB	B	0.2%
HHH	B	0.2%
WK	C	0.2%
ZWS	B	0.2%
AVA	C	0.19%
PR	B	0.19%
CIEN	B	0.19%
LUMN	C	0.19%
HAS	D	0.19%
LNW	F	0.19%
SNDR	B	0.19%
AA	A	0.19%
NOVT	D	0.19%
CR	A	0.19%
NVT	C	0.19%
BANR	B	0.18%
SRPT	F	0.18%
SPXC	A	0.18%
KNTK	A	0.18%
VFC	C	0.18%
ENLC	A	0.18%
AEIS	B	0.17%
LAZ	B	0.17%
CHX	C	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%
VVV	D	0.17%
MSA	D	0.17%
WSC	F	0.17%
MTZ	A	0.17%
DLB	F	0.16%
RGEN	F	0.16%
MYRG	C	0.16%
EAT	A	0.16%
HQY	A	0.16%
TNL	B	0.16%
SPSC	F	0.16%
BHE	B	0.16%
SITE	D	0.16%
CFLT	B	0.15%
ECG	C	0.15%
WH	B	0.15%
MEDP	D	0.15%
CPF	B	0.15%
AM	A	0.15%
FIBK	B	0.15%
LSCC	D	0.15%
HNI	B	0.15%
WFRD	F	0.15%
GTLB	B	0.15%
PINC	B	0.14%
HXL	F	0.14%
X	C	0.14%
GTLS	A	0.14%
CHE	F	0.14%
SMAR	A	0.14%
PRIM	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%
TPX	B	0.14%
HESM	A	0.13%
BRKR	F	0.13%
EPAC	B	0.13%
CAVA	C	0.13%
STRL	A	0.13%
PDCO	F	0.13%
FYBR	C	0.13%
LRN	A	0.13%
KLIC	C	0.13%
CYTK	D	0.13%
CPK	A	0.13%
NPO	A	0.13%
ELF	C	0.13%
CABO	C	0.13%
HIW	D	0.13%
CVBF	B	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	D	0.12%
IRDM	F	0.12%
KOS	D	0.12%
RKLB	B	0.12%
WGO	D	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%
PATH	C	0.11%
VKTX	F	0.11%
XENE	D	0.11%
WDFC	B	0.11%
SHOO	D	0.11%
CRNX	C	0.11%
APPF	C	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
MRCY	C	0.11%
LBRDA	C	0.11%
KAR	A	0.11%
VC	F	0.1%
RXO	C	0.1%
NWL	B	0.1%
TDC	D	0.1%
ERII	D	0.1%
PJT	B	0.1%
AROC	A	0.1%
SCL	D	0.1%
HCP	B	0.1%
TENB	D	0.1%
TRN	A	0.1%
FA	D	0.1%
DV	C	0.1%
CAC	B	0.1%
VECO	F	0.1%
NXT	D	0.1%
ETSY	D	0.1%
BHVN	C	0.1%
DNLI	C	0.1%
DRS	B	0.1%
APAM	B	0.1%
LITE	B	0.1%
TRNO	D	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
AMAL	B	0.1%
CGNX	D	0.1%
LCII	D	0.1%
ALTM	C	0.1%
AMED	F	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
CNK	A	0.09%
WEN	C	0.09%
SHAK	C	0.09%
MGRC	B	0.09%
CURB	D	0.09%
SLAB	F	0.09%
ZI	D	0.09%
MTSI	B	0.09%
ESE	B	0.09%
SJW	F	0.09%
BRC	C	0.09%
IMAX	A	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	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%
EWTX	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%
CRSP	D	0.08%
VSEC	B	0.08%
INTA	B	0.08%
ST	F	0.08%
ALG	C	0.08%
SASR	B	0.08%
PLYA	B	0.08%
PRVA	C	0.08%
LBPH	A	0.08%
INDB	B	0.08%
CHWY	B	0.08%
ENOV	C	0.08%
VAC	C	0.08%
TDS	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%
UEC	A	0.07%
CWEN	C	0.07%
GT	C	0.07%
ESRT	C	0.07%
PECO	A	0.07%
HAFC	B	0.07%
VSCO	A	0.07%
TREX	D	0.07%
CWK	C	0.07%
GTES	A	0.07%
BDN	C	0.07%
VVX	C	0.07%
ENR	B	0.07%
SONO	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
ALHC	C	0.07%
AZTA	F	0.07%
MHK	D	0.07%
HWKN	B	0.07%
GH	B	0.07%
BROS	A	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	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%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	B	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	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%
IRON	C	0.06%
PRO	C	0.06%
DCO	B	0.06%
VERA	C	0.06%
RBBN	B	0.06%
VRTS	B	0.06%
SATS	C	0.06%
W	D	0.06%
MBUU	C	0.06%
PTCT	C	0.06%
PLAY	D	0.06%
MOV	D	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
LXP	D	0.06%
VRNT	D	0.06%
POWI	D	0.06%
CMCO	C	0.06%
CHH	A	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	D	0.06%
ATEN	A	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%
CAKE	B	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	C	0.06%
ANDE	F	0.06%
FROG	C	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	F	0.06%
HELE	C	0.06%
CART	C	0.06%
SMTC	C	0.06%
PLUS	F	0.06%
NVST	C	0.06%
PPBI	B	0.06%
ACVA	A	0.06%
RCM	A	0.06%
FLYW	B	0.06%
APG	C	0.06%
IDYA	F	0.06%
HURN	B	0.06%
EYE	C	0.06%
PK	D	0.06%
ADMA	C	0.06%
CLB	C	0.06%
MNKD	B	0.06%
CCS	F	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%
MRUS	F	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%
UPBD	C	0.06%
CALM	A	0.06%
RH	D	0.06%
VVI	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%
EWCZ	D	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	D	0.05%
HLX	C	0.05%
ALRM	C	0.05%
IONS	F	0.05%
PLOW	D	0.05%
DOCN	D	0.05%
ARKO	D	0.05%
SHC	F	0.05%
CECO	C	0.05%
LEVI	F	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%
ACEL	C	0.05%
BASE	C	0.05%
WNC	D	0.05%
MLTX	C	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
ASAN	C	0.05%
MLNK	C	0.05%
MODG	F	0.05%
MPW	F	0.05%
AI	B	0.05%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
BEAM	C	0.05%
AWR	A	0.05%
XPEL	C	0.05%
PFS	B	0.05%
PGRE	D	0.05%
EDR	A	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%
MNRO	C	0.05%
WKC	D	0.05%
SMP	C	0.05%
VITL	D	0.05%
LCID	F	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%
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%
BE	A	0.05%
ADUS	D	0.05%
LIVN	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	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%
LEG	F	0.05%
YELP	C	0.05%
JBGS	F	0.05%
UAA	C	0.05%
MXL	C	0.05%
NCNO	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%
CRAI	B	0.05%
RCKT	F	0.04%
OMI	F	0.04%
FOXF	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
FORM	F	0.04%
BKD	F	0.04%
CAL	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%
CRI	F	0.04%
QS	D	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%
COUR	F	0.04%
SAVA	C	0.04%
LESL	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%
AMN	F	0.04%
OSCR	C	0.04%
AMC	D	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%
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%
KRYS	C	0.04%
RXRX	D	0.04%
GRBK	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%
CDNA	D	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
CRMT	F	0.03%
APLS	F	0.03%
CCRN	F	0.03%
CPRI	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 131 Positions Relative to FNX

Symbol	Grade	Weight
AX	B	-0.45%
CORT	C	-0.45%
HP	C	-0.42%
ZETA	D	-0.42%
NOG	B	-0.41%
MATX	B	-0.41%
MTDR	C	-0.4%
CSWI	A	-0.4%
HLNE	A	-0.4%
MGY	A	-0.39%
OVV	C	-0.39%
ADTN	A	-0.38%
IOT	A	-0.38%
DDS	B	-0.37%
TOST	A	-0.37%
CHRD	F	-0.36%
MLI	B	-0.36%
LTH	C	-0.36%
TAP	B	-0.36%
URBN	C	-0.35%
AMR	C	-0.35%
OTTR	C	-0.35%
G	B	-0.33%
DINO	D	-0.33%
DVA	C	-0.32%
PODD	B	-0.32%
LBRT	F	-0.32%
ASO	F	-0.31%
GMS	B	-0.31%
APA	F	-0.31%
BCO	F	-0.3%
GBDC	B	-0.29%
HST	D	-0.29%
UFPI	C	-0.29%
MOS	D	-0.29%
PNW	B	-0.29%
SOLV	F	-0.29%
BEN	C	-0.29%
EXEL	B	-0.29%
POR	C	-0.28%
BKH	A	-0.28%
NFE	F	-0.28%
EVRG	A	-0.28%
ENS	D	-0.27%
LKQ	F	-0.27%
SANM	B	-0.26%
HLI	B	-0.25%
AMKR	F	-0.25%
UHS	D	-0.25%
EMN	D	-0.25%
JBL	C	-0.24%
FNB	B	-0.24%
TPG	A	-0.24%
SEIC	B	-0.24%
IDA	A	-0.23%
KNX	B	-0.23%
SMG	C	-0.23%
WTRG	B	-0.22%
MSM	D	-0.22%
KEX	B	-0.22%
OGE	A	-0.22%
RIG	D	-0.22%
TW	A	-0.22%
PAG	B	-0.21%
DIOD	F	-0.21%
MIDD	D	-0.21%
PNM	B	-0.21%
HII	F	-0.21%
SKX	F	-0.2%
BBWI	C	-0.2%
IPG	F	-0.2%
SJM	D	-0.2%
REYN	D	-0.19%
WPC	C	-0.19%
TKR	F	-0.19%
OLN	F	-0.19%
DOCU	B	-0.18%
KAI	B	-0.17%
PII	F	-0.17%
PB	A	-0.16%
EPAM	C	-0.16%
AIZ	A	-0.15%
DNB	B	-0.15%
MKTX	D	-0.15%
CNS	B	-0.15%
MSGS	B	-0.15%
CRL	D	-0.15%
FFIV	B	-0.15%
PFGC	B	-0.15%
HOMB	A	-0.15%
BOKF	B	-0.15%
DKS	D	-0.14%
TTC	F	-0.14%
ALLE	D	-0.14%
DT	C	-0.14%
SLGN	A	-0.14%
REG	A	-0.14%
AFG	A	-0.14%
HSIC	C	-0.13%
UHAL	D	-0.13%
MGM	D	-0.13%
LAMR	D	-0.13%
WYNN	D	-0.12%
MTCH	F	-0.11%
AES	F	-0.1%
ESAB	C	-0.09%
DAY	B	-0.09%
CWST	A	-0.08%
SAIC	F	-0.08%
GOLF	B	-0.08%
TECH	F	-0.07%
CCK	D	-0.07%
KMX	C	-0.07%
UDR	C	-0.07%
CPT	C	-0.07%
ALIT	C	-0.07%
IAC	D	-0.07%
CTRE	C	-0.07%
IRT	A	-0.07%
H	B	-0.07%
EEFT	C	-0.07%
KRG	A	-0.07%
MAIN	A	-0.07%
RBC	A	-0.07%
AOS	F	-0.06%
HUN	F	-0.06%
FBIN	F	-0.06%
NNN	C	-0.06%
NSP	F	-0.06%
TFX	F	-0.06%
COTY	F	-0.05%