ESML vs. FTEC ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Fidelity MSCI Information Technology Index ETF (FTEC)

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

$45.18

Average Daily Volume

88,928

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 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 Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.58

Average Daily Volume

206,034

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

Performance

Period	ESML	FTEC
30 Days	6.19%	2.24%
60 Days	6.82%	7.38%
90 Days	7.85%	6.93%
12 Months	32.19%	35.65%

123 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in FTEC	Overlap
ACIW	B	0.16%	0.1%	0.1%
AEIS	C	0.17%	0.09%	0.09%
AGYS	A	0.05%	0.07%	0.05%
AI	B	0.05%	0.07%	0.05%
ALKT	B	0.05%	0.05%	0.05%
ALRM	C	0.05%	0.07%	0.05%
ALTR	B	0.14%	0.11%	0.11%
APPF	B	0.11%	0.09%	0.09%
ARLO	C	0.04%	0.03%	0.03%
ARW	D	0.09%	0.09%	0.09%
ASAN	B	0.05%	0.03%	0.03%
ASGN	F	0.14%	0.08%	0.08%
ATEN	A	0.06%	0.03%	0.03%
AUR	C	0.08%	0.1%	0.08%
AVT	C	0.27%	0.09%	0.09%
BASE	B	0.05%	0.02%	0.02%
BDC	C	0.2%	0.1%	0.1%
BHE	C	0.16%	0.04%	0.04%
BILL	A	0.14%	0.15%	0.14%
BL	B	0.08%	0.07%	0.07%
BLKB	B	0.12%	0.08%	0.08%
BMI	B	0.3%	0.1%	0.1%
BOX	B	0.13%	0.1%	0.1%
BRZE	C	0.04%	0.05%	0.04%
CALX	D	0.05%	0.04%	0.04%
CFLT	B	0.15%	0.12%	0.12%
CGNX	D	0.1%	0.1%	0.1%
CIEN	C	0.19%	0.13%	0.13%
CLSK	C	0.06%	0.08%	0.06%
COHR	B	0.28%	0.16%	0.16%
CRDO	B	0.12%	0.11%	0.11%
CRUS	D	0.15%	0.07%	0.07%
CTS	C	0.07%	0.04%	0.04%
CVLT	B	0.22%	0.11%	0.11%
CWAN	B	0.06%	0.1%	0.06%
CXM	C	0.04%	0.02%	0.02%
DBX	B	0.16%	0.11%	0.11%
DGII	C	0.05%	0.03%	0.03%
DLB	B	0.16%	0.09%	0.09%
DOCN	C	0.05%	0.05%	0.05%
DV	C	0.1%	0.07%	0.07%
DXC	B	0.11%	0.09%	0.09%
ENV	B	0.06%	0.03%	0.03%
ESTC	C	0.17%	0.09%	0.09%
ETWO	F	0.03%	0.01%	0.01%
FIVN	C	0.07%	0.07%	0.07%
FLEX	B	0.33%	0.16%	0.16%
FN	C	0.17%	0.11%	0.11%
FORM	D	0.04%	0.07%	0.04%
FROG	C	0.06%	0.07%	0.06%
FRSH	B	0.06%	0.07%	0.06%
GTLB	B	0.15%	0.12%	0.12%
GWRE	A	0.43%	0.17%	0.17%
HCP	B	0.1%	0.09%	0.09%
HLIT	D	0.05%	0.03%	0.03%
ICHR	C	0.05%	0.03%	0.03%
IDCC	B	0.14%	0.11%	0.11%
INFA	D	0.05%	0.04%	0.04%
INFN	D	0.05%	0.03%	0.03%
INTA	B	0.08%	0.07%	0.07%
ITRI	C	0.2%	0.1%	0.1%
JAMF	F	0.04%	0.02%	0.02%
KD	B	0.1%	0.11%	0.1%
KE	C	0.06%	0.01%	0.01%
KLIC	B	0.13%	0.06%	0.06%
LFUS	D	0.14%	0.09%	0.09%
LITE	B	0.1%	0.12%	0.1%
LSCC	D	0.15%	0.1%	0.1%
MARA	B	0.09%	0.11%	0.09%
MEI	F	0.04%	0.01%	0.01%
MIR	A	0.08%	0.07%	0.07%
MKSI	C	0.14%	0.1%	0.1%
MLNK	C	0.05%	0.01%	0.01%
MTSI	B	0.09%	0.11%	0.09%
MXL	C	0.05%	0.03%	0.03%
NABL	F	0.04%	0.02%	0.02%
NCNO	C	0.05%	0.08%	0.05%
NOVT	D	0.19%	0.09%	0.09%
NSIT	F	0.13%	0.07%	0.07%
NTGR	B	0.08%	0.02%	0.02%
NTNX	B	0.36%	0.18%	0.18%
OLED	F	0.08%	0.1%	0.08%
ONTO	F	0.21%	0.09%	0.09%
PAR	A	0.07%	0.06%	0.06%
PATH	C	0.11%	0.1%	0.1%
PCOR	B	0.17%	0.12%	0.12%
PD	C	0.05%	0.04%	0.04%
PDFS	C	0.05%	0.02%	0.02%
PEGA	B	0.11%	0.09%	0.09%
PI	D	0.07%	0.09%	0.07%
PLUS	F	0.06%	0.05%	0.05%
PLXS	B	0.17%	0.1%	0.1%
POWI	F	0.06%	0.08%	0.06%
PRGS	A	0.24%	0.07%	0.07%
PRO	C	0.06%	0.02%	0.02%
QTWO	A	0.12%	0.12%	0.12%
RAMP	B	0.05%	0.04%	0.04%
RBBN	C	0.06%	0.01%	0.01%
RMBS	B	0.14%	0.1%	0.1%
RNG	C	0.05%	0.06%	0.05%
ROG	D	0.07%	0.04%	0.04%
S	B	0.12%	0.11%	0.11%
SEDG	F	0.02%	0.02%	0.02%
SLAB	F	0.09%	0.08%	0.08%
SMAR	B	0.14%	0.11%	0.11%
SMTC	B	0.06%	0.07%	0.06%
SNX	D	0.08%	0.11%	0.08%
SPSC	D	0.16%	0.09%	0.09%
SPT	C	0.04%	0.03%	0.03%
TDC	D	0.1%	0.07%	0.07%
TENB	C	0.1%	0.09%	0.09%
U	C	0.09%	0.1%	0.09%
VECO	F	0.1%	0.04%	0.04%
VERX	A	0.06%	0.06%	0.06%
VNT	C	0.15%	0.1%	0.1%
VRNS	D	0.06%	0.09%	0.06%
VRNT	C	0.06%	0.04%	0.04%
VSAT	F	0.02%	0.01%	0.01%
VYX	B	0.05%	0.05%	0.05%
WK	B	0.2%	0.1%	0.1%
WOLF	F	0.03%	0.02%	0.02%
XRX	F	0.04%	0.02%	0.02%
ZUO	B	0.05%	0.03%	0.03%

ESML Overweight 781 Positions Relative to FTEC

Symbol	Grade	Weight
CASY	A	0.52%
JHG	B	0.51%
USFD	A	0.49%
CVNA	B	0.48%
SFM	A	0.43%
INGR	C	0.42%
EWBC	A	0.4%
FIX	A	0.38%
KBR	F	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	D	0.34%
MUSA	B	0.34%
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	B	0.3%
RGA	A	0.3%
PNFP	B	0.3%
SNV	C	0.3%
SIGI	C	0.29%
TPR	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%
SAIA	B	0.28%
ITT	A	0.28%
SCI	B	0.27%
TOL	B	0.27%
UMBF	B	0.27%
WBS	A	0.27%
SSB	B	0.27%
AXTA	B	0.27%
BLD	D	0.26%
GPK	C	0.26%
ALSN	B	0.26%
MWA	B	0.25%
WEX	D	0.25%
UNM	A	0.25%
DCI	B	0.25%
AAON	B	0.25%
RRC	B	0.25%
BJ	A	0.25%
WCC	B	0.24%
FTAI	A	0.24%
UGI	C	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
HRI	C	0.24%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	A	0.23%
CBSH	B	0.23%
ARMK	B	0.23%
PRI	B	0.23%
AWI	A	0.23%
EXLS	B	0.23%
ALK	B	0.23%
CW	C	0.23%
FHN	A	0.23%
THC	D	0.23%
MTG	C	0.23%
SOFI	B	0.22%
FTDR	B	0.22%
CNM	D	0.22%
LAD	A	0.22%
GNRC	C	0.22%
FELE	B	0.22%
WAL	B	0.22%
CMC	B	0.22%
AR	B	0.22%
EGP	D	0.21%
CDP	C	0.21%
CMA	B	0.21%
CACI	D	0.21%
WMS	F	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
RHI	C	0.21%
GME	C	0.21%
NJR	A	0.21%
CNO	B	0.2%
HOG	D	0.2%
FND	D	0.2%
LECO	C	0.2%
KNSL	B	0.2%
WHR	B	0.2%
FBP	C	0.2%
PLNT	A	0.2%
KBH	D	0.2%
TGNA	B	0.2%
MTN	C	0.2%
CUBE	C	0.2%
OMF	A	0.2%
NFG	A	0.2%
PCTY	C	0.2%
ZION	B	0.2%
BHLB	B	0.2%
ENSG	C	0.2%
RLI	A	0.2%
HHH	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
AMG	B	0.19%
WING	D	0.19%
FCN	F	0.19%
LUMN	C	0.19%
HAS	D	0.19%
ONB	C	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	F	0.19%
OHI	C	0.19%
SNDR	B	0.19%
DAR	C	0.19%
FRPT	A	0.19%
GPI	B	0.19%
AA	A	0.19%
RHP	B	0.19%
WWD	C	0.19%
CR	A	0.19%
NVT	B	0.19%
BANR	B	0.18%
SF	B	0.18%
SRPT	F	0.18%
NYT	D	0.18%
BWA	D	0.18%
SPXC	A	0.18%
THG	A	0.18%
GKOS	B	0.18%
KNTK	A	0.18%
MORN	B	0.18%
DUOL	A	0.18%
EPRT	B	0.18%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
MTH	D	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	C	0.17%
PCH	F	0.17%
TMHC	C	0.17%
PEN	B	0.17%
ASB	B	0.17%
VVV	D	0.17%
LPX	B	0.17%
UBSI	B	0.17%
MSA	F	0.17%
GATX	A	0.17%
WSC	F	0.17%
MTZ	B	0.17%
KTB	B	0.16%
RGEN	D	0.16%
BRX	A	0.16%
MYRG	B	0.16%
TTEK	F	0.16%
FAF	A	0.16%
EAT	A	0.16%
HQY	A	0.16%
TNL	A	0.16%
TKO	A	0.16%
SLM	A	0.16%
BCC	B	0.16%
JAZZ	B	0.16%
SITE	F	0.16%
FLS	B	0.16%
ELAN	D	0.16%
GXO	B	0.16%
VOYA	B	0.16%
PVH	C	0.16%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
WH	B	0.15%
MEDP	D	0.15%
CROX	D	0.15%
CPF	B	0.15%
MMSI	A	0.15%
FSS	B	0.15%
ANF	F	0.15%
AM	A	0.15%
FIBK	B	0.15%
CRS	B	0.15%
NOV	C	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
WFRD	D	0.15%
PINC	B	0.14%
OZK	B	0.14%
HXL	F	0.14%
BECN	B	0.14%
X	B	0.14%
CHDN	B	0.14%
GTLS	A	0.14%
ESI	B	0.14%
CHE	D	0.14%
SR	A	0.14%
RYAN	A	0.14%
TPH	D	0.14%
PRIM	A	0.14%
ACA	A	0.14%
IBCP	B	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	C	0.14%
JXN	C	0.14%
FMC	D	0.14%
AVAV	C	0.13%
M	F	0.13%
HESM	B	0.13%
BRKR	D	0.13%
EPAC	C	0.13%
CAVA	B	0.13%
AIT	B	0.13%
MAT	D	0.13%
STRL	A	0.13%
CBT	D	0.13%
PDCO	F	0.13%
FYBR	C	0.13%
LRN	A	0.13%
ORI	A	0.13%
KNF	B	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CYTK	F	0.13%
AZEK	A	0.13%
CPK	A	0.13%
MUR	D	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	B	0.13%
AGCO	D	0.13%
HIW	C	0.13%
CVBF	A	0.12%
AGNC	C	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	D	0.12%
IRDM	D	0.12%
KOS	D	0.12%
RKLB	A	0.12%
WGO	C	0.12%
WHD	B	0.12%
GL	C	0.12%
ABG	C	0.12%
WERN	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
GAP	C	0.12%
HAE	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
TXRH	B	0.11%
JEF	A	0.11%
ORA	B	0.11%
KRC	B	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%
SHOO	F	0.11%
CRNX	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	B	0.11%
VC	F	0.1%
RXO	D	0.1%
CFR	B	0.1%
NWL	C	0.1%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
AROC	A	0.1%
SCL	C	0.1%
RVMD	C	0.1%
BRBR	A	0.1%
ALKS	C	0.1%
TRN	B	0.1%
FA	C	0.1%
SSD	F	0.1%
CAC	C	0.1%
STWD	C	0.1%
FUL	F	0.1%
NXT	C	0.1%
SLG	B	0.1%
ETSY	D	0.1%
DY	D	0.1%
BHVN	D	0.1%
DNLI	D	0.1%
DRS	B	0.1%
APAM	B	0.1%
CRC	A	0.1%
PFSI	C	0.1%
FLR	B	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	B	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
SIG	B	0.1%
AMAL	B	0.1%
LCII	C	0.1%
ALTM	B	0.1%
PSN	D	0.1%
LNTH	D	0.1%
FIVE	F	0.1%
LEA	F	0.1%
VNO	C	0.09%
OGN	F	0.09%
AMED	F	0.09%
RNA	C	0.09%
ABM	B	0.09%
NMIH	C	0.09%
UPST	B	0.09%
KFY	B	0.09%
CNK	C	0.09%
WEN	D	0.09%
POST	C	0.09%
SHAK	C	0.09%
RDN	D	0.09%
MGRC	B	0.09%
FR	D	0.09%
CURB	D	0.09%
ZI	D	0.09%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	C	0.09%
SJW	F	0.09%
ATKR	D	0.09%
HWC	B	0.09%
CRVL	B	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	C	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
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%
ICFI	F	0.08%
EWTX	C	0.08%
BPMC	B	0.08%
IESC	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	C	0.08%
BPOP	C	0.08%
ST	F	0.08%
ALG	B	0.08%
SASR	B	0.08%
TNET	F	0.08%
PLYA	B	0.08%
PRVA	C	0.08%
LBPH	A	0.08%
TEX	F	0.08%
INDB	B	0.08%
CHWY	B	0.08%
INSP	D	0.08%
ENOV	C	0.08%
VAC	C	0.08%
TDS	B	0.08%
PIPR	A	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	C	0.08%
AEO	F	0.08%
HR	B	0.08%
UNIT	B	0.08%
BOH	B	0.08%
LNN	B	0.08%
STC	B	0.08%
MAC	B	0.08%
PRCT	B	0.08%
JBT	B	0.08%
DOCS	C	0.08%
GVA	A	0.08%
ZD	B	0.08%
PLMR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	A	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
WU	F	0.07%
GT	C	0.07%
HGV	C	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
HAFC	B	0.07%
COLM	C	0.07%
VSCO	C	0.07%
TREX	C	0.07%
CWK	C	0.07%
GTES	A	0.07%
BDN	C	0.07%
ESNT	F	0.07%
VVX	C	0.07%
ENR	B	0.07%
SONO	C	0.07%
AVNT	B	0.07%
PRGO	C	0.07%
ZYME	C	0.07%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	D	0.07%
HIMS	B	0.07%
MHK	D	0.07%
HWKN	B	0.07%
GH	B	0.07%
BROS	A	0.07%
XHR	B	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	C	0.07%
WTFC	A	0.07%
WRBY	A	0.07%
AN	C	0.07%
SXT	C	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
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%
AAP	D	0.06%
TMCI	C	0.06%
DLX	B	0.06%
IRON	B	0.06%
DCO	C	0.06%
VERA	C	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	D	0.06%
W	D	0.06%
MBUU	B	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
MOV	D	0.06%
AGIO	C	0.06%
NRIX	C	0.06%
LXP	D	0.06%
COKE	C	0.06%
JWN	D	0.06%
CMCO	C	0.06%
CHH	A	0.06%
TGTX	B	0.06%
TDOC	C	0.06%
EXP	B	0.06%
CLH	C	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
MGNI	B	0.06%
AGO	B	0.06%
CAKE	C	0.06%
RUSHB	C	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	B	0.06%
ANDE	D	0.06%
SFBS	C	0.06%
PYCR	B	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	C	0.06%
OWL	A	0.06%
NVST	B	0.06%
PPBI	C	0.06%
ACVA	B	0.06%
SM	B	0.06%
RCM	A	0.06%
ROIV	C	0.06%
FLYW	B	0.06%
APG	B	0.06%
IDYA	F	0.06%
HURN	C	0.06%
EYE	C	0.06%
PK	C	0.06%
ADMA	B	0.06%
CLB	B	0.06%
MNKD	C	0.06%
CCS	D	0.06%
TALO	C	0.06%
TGI	B	0.06%
BYD	B	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FUN	C	0.06%
KREF	C	0.06%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	A	0.06%
MAN	F	0.06%
VRDN	D	0.06%
PDM	D	0.06%
PAHC	C	0.06%
MASI	B	0.06%
UPBD	B	0.06%
CALM	A	0.06%
IBOC	B	0.06%
WD	D	0.06%
RH	C	0.06%
VVI	C	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	B	0.05%
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%
RYN	D	0.05%
IONS	F	0.05%
PLOW	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	B	0.05%
LEVI	F	0.05%
FTRE	D	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	C	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
CLVT	D	0.05%
XRAY	F	0.05%
GOGO	C	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
WNC	C	0.05%
MLTX	B	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
MODG	F	0.05%
MPW	F	0.05%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
BEAM	D	0.05%
AWR	B	0.05%
XPEL	B	0.05%
PFS	B	0.05%
PGRE	F	0.05%
EDR	A	0.05%
RUN	F	0.05%
REVG	C	0.05%
PRAA	D	0.05%
HAIN	D	0.05%
MRC	B	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	C	0.05%
SMP	C	0.05%
VITL	D	0.05%
LCID	F	0.05%
ELVN	D	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
GO	C	0.05%
KYMR	D	0.05%
HAYW	B	0.05%
EMBC	C	0.05%
NEO	C	0.05%
SLVM	B	0.05%
XPRO	D	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	C	0.05%
BGC	C	0.05%
JANX	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
CC	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	B	0.05%
GEF	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
ADUS	D	0.05%
LIVN	F	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	0.05%
KMPR	A	0.05%
EPR	C	0.05%
MDGL	B	0.05%
ASTE	C	0.05%
CUBI	B	0.05%
ARWR	D	0.05%
KVYO	C	0.05%
LOPE	C	0.05%
UFPT	C	0.05%
DNOW	B	0.05%
TNC	D	0.05%
ARQT	B	0.05%
GEF	A	0.05%
NUVL	C	0.05%
LEG	F	0.05%
YELP	C	0.05%
JBGS	F	0.05%
UAA	C	0.05%
RUSHA	C	0.05%
COOP	B	0.05%
COLD	D	0.05%
NBHC	C	0.05%
CIVI	D	0.05%
CRAI	C	0.05%
RCKT	F	0.04%
OMI	F	0.04%
FOXF	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
BKD	F	0.04%
CAL	F	0.04%
HOUS	F	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%
NTLA	F	0.04%
PGNY	F	0.04%
CLDX	F	0.04%
EGY	D	0.04%
ESTA	D	0.04%
ARCT	F	0.04%
TNDM	D	0.04%
CGEM	F	0.04%
COUR	F	0.04%
SAVA	C	0.04%
LESL	D	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
MLKN	F	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
MTUS	C	0.04%
MMS	F	0.04%
AMN	F	0.04%
OSCR	D	0.04%
AMC	C	0.04%
ASH	F	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	D	0.04%
HL	D	0.04%
BBIO	F	0.04%
DK	C	0.04%
QDEL	F	0.04%
ALEC	F	0.04%
FLO	D	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
IVR	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%
RKT	F	0.04%
AHH	D	0.04%
EPC	F	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
ANAB	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%
CRMT	D	0.03%
APLS	F	0.03%
CCRN	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
BRY	F	0.03%
MQ	D	0.03%
STAA	F	0.03%
JELD	F	0.03%
KELYA	F	0.03%
AGL	F	0.02%
MC	C	0.02%
NOVA	F	0.02%
DEI	B	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	D	0.01%

ESML Underweight 152 Positions Relative to FTEC

Symbol	Grade	Weight
NVDA	B	-16.06%
AAPL	C	-15.03%
MSFT	D	-13.23%
AVGO	D	-4.31%
CRM	B	-2.04%
ORCL	A	-1.9%
ADBE	C	-1.51%
CSCO	B	-1.47%
ACN	B	-1.42%
AMD	F	-1.39%
NOW	A	-1.33%
INTU	B	-1.23%
IBM	C	-1.18%
TXN	C	-1.16%
QCOM	F	-1.14%
AMAT	F	-0.98%
PLTR	B	-0.81%
PANW	B	-0.81%
MU	D	-0.7%
INTC	C	-0.69%
ADI	D	-0.67%
ANET	C	-0.66%
LRCX	F	-0.64%
KLAC	F	-0.57%
APH	A	-0.57%
CDNS	B	-0.55%
APP	B	-0.55%
SNPS	B	-0.55%
MSI	B	-0.55%
MRVL	B	-0.54%
CRWD	B	-0.54%
ADSK	A	-0.46%
MSTR	B	-0.45%
FTNT	C	-0.43%
WDAY	B	-0.41%
FICO	B	-0.41%
ROP	B	-0.41%
NXPI	D	-0.39%
TEAM	A	-0.33%
IT	C	-0.31%
CTSH	B	-0.3%
SNOW	B	-0.29%
GLW	B	-0.29%
DELL	B	-0.29%
DDOG	A	-0.28%
HUBS	A	-0.28%
HPQ	B	-0.27%
MCHP	F	-0.25%
ANSS	B	-0.24%
NET	B	-0.23%
HPE	B	-0.23%
TYL	B	-0.22%
GDDY	A	-0.22%
ON	D	-0.22%
KEYS	A	-0.22%
PTC	B	-0.2%
TDY	B	-0.2%
MPWR	F	-0.2%
ZM	C	-0.2%
ZBRA	B	-0.19%
TWLO	A	-0.19%
CDW	F	-0.19%
MDB	B	-0.19%
NTAP	C	-0.19%
TRMB	B	-0.18%
WDC	D	-0.18%
DOCU	B	-0.18%
MANH	D	-0.17%
FSLR	F	-0.17%
STX	C	-0.17%
GEN	B	-0.17%
ZS	B	-0.17%
FFIV	B	-0.16%
EPAM	B	-0.16%
JBL	C	-0.16%
VRSN	C	-0.16%
DT	D	-0.15%
IOT	A	-0.14%
PSTG	D	-0.14%
ENTG	D	-0.14%
TER	F	-0.14%
SWKS	F	-0.13%
AKAM	D	-0.13%
JNPR	D	-0.13%
OKTA	C	-0.12%
BSY	F	-0.1%
QLYS	B	-0.1%
SITM	B	-0.09%
SANM	B	-0.09%
RIOT	C	-0.08%
ENPH	F	-0.08%
SYNA	C	-0.07%
QRVO	F	-0.07%
SMCI	F	-0.07%
ALGM	D	-0.06%
ACLS	F	-0.06%
TTMI	C	-0.06%
OSIS	A	-0.06%
DIOD	D	-0.06%
RPD	B	-0.06%
CXT	C	-0.06%
AMKR	D	-0.06%
ZETA	D	-0.06%
EXTR	C	-0.05%
IPGP	D	-0.05%
YOU	D	-0.05%
VIAV	C	-0.05%
AMBA	B	-0.05%
RBRK	A	-0.05%
UCTT	D	-0.04%
PLAB	C	-0.04%
NTCT	C	-0.04%
KN	B	-0.04%
WULF	C	-0.04%
VSH	F	-0.04%
SOUN	B	-0.04%
SCSC	C	-0.03%
APPN	B	-0.03%
COHU	C	-0.03%
CIFR	C	-0.03%
NSSC	D	-0.03%
CEVA	B	-0.02%
OLO	A	-0.02%
SWI	C	-0.02%
AOSL	C	-0.02%
DJCO	B	-0.02%
INDI	C	-0.02%
IBUY	B	-0.02%
HCKT	B	-0.02%
BELFB	C	-0.02%
BLND	A	-0.02%
YEXT	B	-0.02%
ACMR	D	-0.02%
APLD	B	-0.02%
CNXN	C	-0.02%
FSLY	D	-0.02%
GDYN	B	-0.02%
AAOI	B	-0.02%
VPG	F	-0.01%
CRSR	C	-0.01%
CLFD	F	-0.01%
LWLG	D	-0.01%
SEMR	C	-0.01%
ENFN	B	-0.01%
BIGC	B	-0.01%
MITK	C	-0.01%
WEAV	C	-0.01%
DMRC	B	-0.01%
LASR	D	-0.01%
NNBR	C	-0.01%
DAKT	C	-0.01%
OSPN	A	-0.01%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information