ESML vs. IEDI ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

$45.22

Average Daily Volume

89,295

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.57

Average Daily Volume

6,281

Number of Holdings ^*

176

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IEDI
30 Days	8.75%	5.48%
60 Days	8.59%	5.47%
90 Days	9.69%	8.72%
12 Months	34.45%	34.08%

74 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IEDI	Overlap
AAP	C	0.06%	0.07%	0.06%
ABG	B	0.12%	0.1%	0.1%
AEO	F	0.08%	0.09%	0.08%
AFRM	B	0.23%	0.07%	0.07%
ALK	C	0.23%	0.08%	0.08%
AN	C	0.07%	0.1%	0.07%
ANF	C	0.15%	0.13%	0.13%
ARMK	B	0.23%	0.15%	0.15%
BFAM	D	0.2%	0.08%	0.08%
BJ	A	0.25%	0.28%	0.25%
BLD	D	0.26%	0.07%	0.07%
BOOT	D	0.06%	0.12%	0.06%
BYD	C	0.06%	0.11%	0.06%
CASY	A	0.52%	0.42%	0.42%
CAVA	B	0.13%	0.32%	0.13%
CHDN	B	0.14%	0.2%	0.14%
CHE	D	0.14%	0.1%	0.1%
CHH	A	0.06%	0.1%	0.06%
CNK	B	0.09%	0.06%	0.06%
CPRI	F	0.03%	0.06%	0.03%
CRI	D	0.04%	0.05%	0.04%
CROX	D	0.15%	0.12%	0.12%
CVNA	B	0.48%	0.45%	0.45%
CZR	F	0.14%	0.14%	0.14%
DUOL	A	0.18%	0.11%	0.11%
EAT	A	0.16%	0.12%	0.12%
ELF	C	0.13%	0.13%	0.13%
FIVE	F	0.1%	0.16%	0.1%
FL	F	0.06%	0.06%	0.06%
FLO	D	0.04%	0.07%	0.04%
FND	C	0.2%	0.37%	0.2%
FOUR	B	0.06%	0.06%	0.06%
FRPT	B	0.19%	0.15%	0.15%
FUN	C	0.06%	0.07%	0.06%
GAP	C	0.12%	0.14%	0.12%
GME	C	0.21%	0.15%	0.15%
HAS	D	0.19%	0.05%	0.05%
HRB	D	0.19%	0.13%	0.13%
JWN	C	0.06%	0.08%	0.06%
KSS	F	0.05%	0.07%	0.05%
KTB	B	0.16%	0.11%	0.11%
LAD	A	0.22%	0.19%	0.19%
LNW	D	0.19%	0.07%	0.07%
LYFT	C	0.11%	0.07%	0.07%
M	D	0.13%	0.09%	0.09%
MTN	C	0.2%	0.15%	0.15%
MUSA	A	0.34%	0.16%	0.16%
NCLH	B	0.24%	0.14%	0.14%
NYT	C	0.18%	0.06%	0.06%
OLLI	D	0.12%	0.22%	0.12%
PLNT	A	0.2%	0.29%	0.2%
RH	B	0.06%	0.16%	0.06%
RHI	B	0.21%	0.06%	0.06%
RHP	B	0.19%	0.09%	0.09%
RL	B	0.09%	0.12%	0.09%
SCI	B	0.27%	0.2%	0.2%
SFM	A	0.43%	0.38%	0.38%
SHAK	C	0.09%	0.12%	0.09%
SHOO	D	0.11%	0.09%	0.09%
SIG	B	0.1%	0.1%	0.1%
SITE	D	0.16%	0.07%	0.07%
TKO	B	0.16%	0.1%	0.1%
TNL	A	0.16%	0.06%	0.06%
TOL	B	0.27%	0.16%	0.16%
TPR	B	0.29%	0.27%	0.27%
TPX	B	0.14%	0.14%	0.14%
TXRH	C	0.11%	0.45%	0.11%
USFD	A	0.49%	0.26%	0.26%
VFC	C	0.18%	0.14%	0.14%
VVV	F	0.17%	0.11%	0.11%
W	F	0.06%	0.1%	0.06%
WEN	D	0.09%	0.08%	0.08%
WH	B	0.15%	0.17%	0.15%
WING	D	0.19%	0.39%	0.19%

ESML Overweight 830 Positions Relative to IEDI

Symbol	Grade	Weight
JHG	A	0.51%
GWRE	A	0.43%
INGR	B	0.42%
EWBC	A	0.4%
FIX	A	0.38%
NTNX	A	0.36%
KBR	F	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	D	0.34%
FLEX	A	0.33%
XPO	B	0.33%
IBKR	A	0.32%
FRT	B	0.31%
REXR	F	0.31%
NTRA	B	0.31%
OGS	A	0.31%
OSK	B	0.3%
GBCI	B	0.3%
BWXT	B	0.3%
BMI	B	0.3%
RGA	A	0.3%
PNFP	B	0.3%
SNV	B	0.3%
SIGI	C	0.29%
EHC	B	0.29%
RGLD	C	0.29%
R	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
DTM	B	0.28%
COHR	B	0.28%
SAIA	B	0.28%
ITT	A	0.28%
AVT	C	0.27%
UMBF	B	0.27%
WBS	A	0.27%
SSB	B	0.27%
AXTA	A	0.27%
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%
PRGS	A	0.24%
WCC	B	0.24%
FTAI	B	0.24%
UGI	A	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
HRI	B	0.24%
REZI	A	0.23%
CBSH	A	0.23%
PRI	A	0.23%
AWI	A	0.23%
EXLS	B	0.23%
CW	B	0.23%
FHN	A	0.23%
THC	D	0.23%
MTG	C	0.23%
SOFI	A	0.22%
FTDR	A	0.22%
CNM	D	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	F	0.21%
CDP	C	0.21%
CMA	A	0.21%
CACI	D	0.21%
WMS	D	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	D	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
NJR	A	0.21%
ITRI	B	0.2%
CNO	A	0.2%
HOG	D	0.2%
LECO	B	0.2%
BDC	B	0.2%
KNSL	B	0.2%
WHR	B	0.2%
FBP	B	0.2%
KBH	D	0.2%
TGNA	B	0.2%
CUBE	D	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	B	0.2%
HHH	B	0.2%
WK	B	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
AMG	B	0.19%
CIEN	B	0.19%
FCN	D	0.19%
LUMN	C	0.19%
ONB	B	0.19%
AXS	A	0.19%
OHI	C	0.19%
SNDR	B	0.19%
DAR	C	0.19%
GPI	A	0.19%
AA	B	0.19%
NOVT	D	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	B	0.19%
BANR	B	0.18%
SF	B	0.18%
SRPT	D	0.18%
BWA	D	0.18%
SPXC	A	0.18%
THG	A	0.18%
GKOS	B	0.18%
KNTK	B	0.18%
MORN	B	0.18%
EPRT	B	0.18%
MDU	D	0.18%
ENLC	A	0.18%
MTH	D	0.17%
AEIS	B	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	B	0.17%
FN	D	0.17%
PCH	D	0.17%
TMHC	B	0.17%
PCOR	B	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	A	0.17%
WSC	D	0.17%
MTZ	B	0.17%
DLB	B	0.16%
RGEN	D	0.16%
BRX	A	0.16%
MYRG	B	0.16%
DBX	B	0.16%
TTEK	F	0.16%
FAF	A	0.16%
HQY	B	0.16%
SPSC	C	0.16%
ACIW	B	0.16%
SLM	A	0.16%
BCC	B	0.16%
BHE	B	0.16%
JAZZ	B	0.16%
FLS	B	0.16%
ELAN	D	0.16%
GXO	B	0.16%
VOYA	B	0.16%
PVH	C	0.16%
CFLT	B	0.15%
VLY	B	0.15%
ECG	C	0.15%
CADE	B	0.15%
MEDP	D	0.15%
CRUS	D	0.15%
CPF	A	0.15%
MMSI	B	0.15%
FSS	B	0.15%
AM	A	0.15%
VNT	B	0.15%
FIBK	A	0.15%
CRS	A	0.15%
NOV	C	0.15%
LSCC	D	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
WFRD	D	0.15%
GTLB	B	0.15%
PINC	B	0.14%
OZK	B	0.14%
HXL	D	0.14%
BECN	B	0.14%
X	C	0.14%
GTLS	B	0.14%
ESI	A	0.14%
LFUS	F	0.14%
SR	A	0.14%
RYAN	B	0.14%
TPH	D	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	A	0.14%
IDCC	A	0.14%
ASGN	F	0.14%
ATI	D	0.14%
JXN	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
AVAV	D	0.13%
HESM	B	0.13%
BRKR	D	0.13%
EPAC	B	0.13%
AIT	A	0.13%
MAT	D	0.13%
STRL	B	0.13%
CBT	C	0.13%
PDCO	D	0.13%
FYBR	D	0.13%
LRN	A	0.13%
ORI	A	0.13%
KNF	A	0.13%
KLIC	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%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
VMI	B	0.13%
COLB	A	0.13%
CABO	C	0.13%
AGCO	D	0.13%
HIW	D	0.13%
CVBF	A	0.12%
AGNC	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	C	0.12%
IRDM	D	0.12%
QTWO	A	0.12%
KOS	F	0.12%
RKLB	B	0.12%
WGO	C	0.12%
WHD	B	0.12%
BLKB	B	0.12%
S	B	0.12%
GL	B	0.12%
CRDO	B	0.12%
WERN	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
HAE	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
PEGA	A	0.11%
PATH	C	0.11%
JEF	A	0.11%
DXC	B	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%
XENE	D	0.11%
WDFC	B	0.11%
CRNX	C	0.11%
APPF	B	0.11%
ECPG	B	0.11%
EFSC	B	0.11%
SON	D	0.11%
ADC	B	0.11%
MRCY	B	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	B	0.11%
VC	D	0.1%
RXO	C	0.1%
CFR	B	0.1%
NWL	B	0.1%
TDC	D	0.1%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
AROC	B	0.1%
SCL	C	0.1%
RVMD	C	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	C	0.1%
ALKS	B	0.1%
TRN	C	0.1%
FA	C	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	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	B	0.1%
LITE	B	0.1%
PFSI	D	0.1%
FLR	B	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
KD	B	0.1%
AMAL	B	0.1%
CGNX	C	0.1%
LCII	C	0.1%
ALTM	C	0.1%
PSN	D	0.1%
LNTH	D	0.1%
LEA	D	0.1%
VNO	B	0.09%
OGN	D	0.09%
AMED	F	0.09%
RNA	D	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
U	C	0.09%
ARW	D	0.09%
KFY	B	0.09%
POST	C	0.09%
RDN	C	0.09%
MGRC	B	0.09%
FR	C	0.09%
CURB	D	0.09%
SLAB	D	0.09%
ZI	D	0.09%
MTSI	B	0.09%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
SJW	D	0.09%
ATKR	C	0.09%
HWC	B	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	B	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%
OLED	D	0.08%
KTOS	B	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
IESC	B	0.08%
BL	B	0.08%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	B	0.08%
ACLX	C	0.08%
SNX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
BPOP	B	0.08%
INTA	A	0.08%
ST	F	0.08%
ALG	B	0.08%
SASR	B	0.08%
TNET	D	0.08%
PLYA	B	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
TEX	D	0.08%
INDB	B	0.08%
CHWY	B	0.08%
INSP	D	0.08%
ENOV	C	0.08%
VAC	B	0.08%
TDS	B	0.08%
PIPR	B	0.08%
TARS	B	0.08%
PRKS	C	0.08%
BWIN	D	0.08%
HR	C	0.08%
NTGR	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	C	0.08%
PLMR	B	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	B	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
RARE	D	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
WU	D	0.07%
GT	C	0.07%
HGV	B	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
HAFC	A	0.07%
COLM	B	0.07%
VSCO	B	0.07%
TREX	C	0.07%
CWK	B	0.07%
GTES	A	0.07%
BDN	C	0.07%
ESNT	D	0.07%
VVX	C	0.07%
ENR	B	0.07%
SONO	C	0.07%
AVNT	B	0.07%
PRGO	B	0.07%
ZYME	C	0.07%
ROG	D	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	B	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	C	0.07%
CTS	C	0.07%
WTFC	A	0.07%
WRBY	B	0.07%
PI	D	0.07%
SXT	B	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	B	0.07%
OUT	A	0.07%
PAR	B	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	D	0.06%
CAR	C	0.06%
FNA	C	0.06%
WT	B	0.06%
SG	B	0.06%
TMCI	D	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	B	0.06%
PRO	C	0.06%
DCO	C	0.06%
VERA	B	0.06%
RBBN	C	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	D	0.06%
MBUU	C	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
MOV	C	0.06%
AGIO	C	0.06%
NRIX	D	0.06%
LXP	D	0.06%
VRNT	C	0.06%
COKE	C	0.06%
POWI	D	0.06%
CMCO	B	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	C	0.06%
EXP	A	0.06%
ATEN	B	0.06%
CLH	B	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	B	0.06%
CLNE	D	0.06%
CMP	C	0.06%
MGNI	A	0.06%
AGO	B	0.06%
CAKE	C	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
VREX	C	0.06%
ANDE	D	0.06%
FROG	C	0.06%
SFBS	B	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
SMTC	B	0.06%
PLUS	F	0.06%
OWL	A	0.06%
NVST	B	0.06%
PPBI	B	0.06%
ACVA	B	0.06%
SM	B	0.06%
RCM	F	0.06%
ROIV	C	0.06%
FLYW	C	0.06%
APG	B	0.06%
IDYA	F	0.06%
HURN	B	0.06%
EYE	C	0.06%
PK	B	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%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	C	0.06%
KE	C	0.06%
ENV	B	0.06%
KREF	D	0.06%
VRNS	D	0.06%
CLF	F	0.06%
MRUS	F	0.06%
MAN	D	0.06%
VRDN	D	0.06%
VERX	B	0.06%
PDM	D	0.06%
PAHC	C	0.06%
MASI	A	0.06%
UPBD	B	0.06%
CALM	A	0.06%
IBOC	A	0.06%
WD	D	0.06%
VVI	C	0.06%
FFIN	B	0.06%
COMP	B	0.06%
OII	B	0.06%
PAYO	A	0.06%
BANC	A	0.06%
CBU	B	0.06%
NARI	C	0.06%
SWTX	C	0.05%
KLG	C	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	D	0.05%
HZO	D	0.05%
BNL	D	0.05%
AXL	C	0.05%
ARVN	D	0.05%
PBI	B	0.05%
NUVB	C	0.05%
THRM	D	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
HLX	B	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
PLOW	D	0.05%
DOCN	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	A	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	C	0.05%
FLG	C	0.05%
ARCB	C	0.05%
CDE	D	0.05%
CLVT	F	0.05%
XRAY	F	0.05%
GOGO	C	0.05%
PSMT	C	0.05%
ACEL	C	0.05%
BASE	C	0.05%
WNC	C	0.05%
MLTX	B	0.05%
SLNO	B	0.05%
INVX	C	0.05%
PENN	C	0.05%
ASAN	C	0.05%
MLNK	B	0.05%
MODG	F	0.05%
MPW	F	0.05%
AI	B	0.05%
AMBC	C	0.05%
PTGX	C	0.05%
BEAM	D	0.05%
AWR	B	0.05%
XPEL	C	0.05%
PFS	B	0.05%
PGRE	F	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	C	0.05%
INFN	C	0.05%
MRC	B	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	D	0.05%
SMP	B	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	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	B	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	C	0.05%
CC	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	A	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	B	0.05%
EPR	D	0.05%
MDGL	B	0.05%
ASTE	B	0.05%
CUBI	C	0.05%
ARWR	F	0.05%
KVYO	C	0.05%
LOPE	B	0.05%
UFPT	B	0.05%
RNG	B	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
TNC	D	0.05%
ARQT	C	0.05%
GEF	A	0.05%
NUVL	D	0.05%
LEG	F	0.05%
YELP	C	0.05%
JBGS	D	0.05%
UAA	C	0.05%
RUSHA	C	0.05%
MXL	C	0.05%
NCNO	B	0.05%
COOP	B	0.05%
COLD	D	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%
FOXF	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
FORM	D	0.04%
BKD	D	0.04%
CAL	D	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%
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%
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	D	0.04%
LESL	C	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
MLKN	D	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MTUS	C	0.04%
MMS	F	0.04%
AMN	F	0.04%
OSCR	D	0.04%
AMC	C	0.04%
ASH	D	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	F	0.04%
HL	D	0.04%
BBIO	F	0.04%
DK	C	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	D	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
CWT	D	0.04%
THS	D	0.04%
UCB	A	0.04%
KRYS	B	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	D	0.04%
NEOG	F	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	D	0.03%
PHAT	F	0.03%
CRMT	C	0.03%
APLS	D	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	C	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 102 Positions Relative to IEDI

Symbol	Grade	Weight
HD	A	-12.26%
AMZN	C	-8.78%
COST	B	-8.55%
WMT	A	-7.56%
TJX	A	-4.58%
LOW	D	-4.3%
CMG	B	-2.85%
ORLY	B	-2.11%
MCD	D	-1.93%
TGT	F	-1.9%
SBUX	A	-1.86%
ROST	C	-1.83%
META	D	-1.68%
HLT	A	-1.31%
MAR	B	-1.29%
NKE	D	-1.1%
AZO	C	-1.08%
UBER	D	-1.02%
TSCO	D	-0.89%
DIS	B	-0.83%
YUM	B	-0.82%
KR	B	-0.81%
DRI	B	-0.74%
V	A	-0.72%
BURL	A	-0.71%
DASH	A	-0.7%
ULTA	F	-0.7%
NFLX	A	-0.69%
CTAS	B	-0.61%
DG	F	-0.53%
DECK	A	-0.51%
WSM	B	-0.51%
RCL	A	-0.5%
ABNB	C	-0.48%
CPRT	A	-0.48%
DPZ	C	-0.47%
FERG	B	-0.46%
DKS	C	-0.45%
DLTR	F	-0.44%
SQ	B	-0.44%
DKNG	B	-0.4%
PYPL	B	-0.4%
BBY	D	-0.36%
SYY	B	-0.35%
STZ	D	-0.34%
FAST	B	-0.31%
KMX	B	-0.31%
LYV	A	-0.24%
PG	A	-0.24%
EXPE	B	-0.24%
EBAY	D	-0.23%
ROL	B	-0.22%
PFGC	B	-0.2%
INTU	C	-0.2%
TOST	B	-0.2%
UPS	C	-0.19%
BBWI	D	-0.19%
TSN	B	-0.18%
CCL	B	-0.18%
GPC	D	-0.18%
ACI	C	-0.15%
HST	C	-0.15%
PINS	D	-0.15%
POOL	C	-0.15%
MGM	D	-0.14%
GDDY	A	-0.14%
SKX	D	-0.14%
H	B	-0.13%
TTWO	A	-0.13%
CL	D	-0.13%
ASO	F	-0.12%
OMC	C	-0.12%
FDX	B	-0.11%
MKC	D	-0.11%
LUV	C	-0.11%
Z	A	-0.1%
CPAY	A	-0.09%
GWW	B	-0.09%
MAS	D	-0.09%
HOOD	B	-0.09%
SJM	D	-0.08%
SNAP	C	-0.08%
HSIC	B	-0.08%
URBN	C	-0.08%
IPG	D	-0.08%
UAL	A	-0.08%
CBOE	B	-0.07%
CLX	B	-0.07%
MSGS	A	-0.07%
UHAL	D	-0.07%
FCFS	F	-0.07%
WBA	F	-0.06%
PZZA	D	-0.06%
LANC	C	-0.06%
EA	A	-0.06%
CAG	D	-0.06%
IT	C	-0.06%
AAL	B	-0.06%
GEN	B	-0.06%
RRR	D	-0.06%
LAMR	D	-0.05%
LW	C	-0.05%