ESML vs. IGM ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares North American Tech ETF (IGM)

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

IGM

iShares North American Tech ETF

IGM Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of technology-related companies in the United States and Canada. Components primarily include information technology and technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$100.71

Average Daily Volume

243,655

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IGM
30 Days	8.75%	4.05%
60 Days	8.59%	6.59%
90 Days	9.69%	7.31%
12 Months	34.45%	42.89%

121 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IGM	Overlap
ACIW	B	0.16%	0.04%	0.04%
AEIS	B	0.17%	0.03%	0.03%
AGYS	A	0.05%	0.02%	0.02%
AI	B	0.05%	0.02%	0.02%
ALKT	B	0.05%	0.02%	0.02%
ALRM	C	0.05%	0.02%	0.02%
ALTR	B	0.14%	0.05%	0.05%
APPF	B	0.11%	0.04%	0.04%
ARW	D	0.09%	0.05%	0.05%
ASAN	C	0.05%	0.01%	0.01%
ASGN	F	0.14%	0.03%	0.03%
ATEN	B	0.06%	0.01%	0.01%
AUR	C	0.08%	0.04%	0.04%
AVPT	A	0.08%	0.01%	0.01%
AVT	C	0.27%	0.04%	0.04%
BDC	B	0.2%	0.04%	0.04%
BHE	B	0.16%	0.01%	0.01%
BILL	A	0.14%	0.07%	0.07%
BL	B	0.08%	0.02%	0.02%
BLKB	B	0.12%	0.03%	0.03%
BMI	B	0.3%	0.05%	0.05%
BOX	B	0.13%	0.04%	0.04%
BRZE	C	0.04%	0.02%	0.02%
CALX	D	0.05%	0.01%	0.01%
CCCS	B	0.07%	0.04%	0.04%
CFLT	B	0.15%	0.05%	0.05%
CGNX	C	0.1%	0.05%	0.05%
CIEN	B	0.19%	0.08%	0.08%
CLSK	C	0.06%	0.03%	0.03%
COHR	B	0.28%	0.11%	0.11%
CRDO	B	0.12%	0.04%	0.04%
CRUS	D	0.15%	0.04%	0.04%
CTS	C	0.07%	0.01%	0.01%
CVLT	B	0.22%	0.06%	0.06%
CWAN	B	0.06%	0.04%	0.04%
CXM	C	0.04%	0.01%	0.01%
DBX	B	0.16%	0.05%	0.05%
DGII	B	0.05%	0.01%	0.01%
DLB	B	0.16%	0.03%	0.03%
DOCN	D	0.05%	0.02%	0.02%
DV	C	0.1%	0.02%	0.02%
DXC	B	0.11%	0.03%	0.03%
ENV	B	0.06%	0.01%	0.01%
ESTC	C	0.17%	0.06%	0.06%
ETWO	F	0.03%	0.0%	0.0%
FIVN	C	0.07%	0.02%	0.02%
FN	D	0.17%	0.07%	0.07%
FORM	D	0.04%	0.02%	0.02%
FRSH	C	0.06%	0.02%	0.02%
GTLB	B	0.15%	0.05%	0.05%
GWRE	A	0.43%	0.12%	0.12%
HCP	B	0.1%	0.04%	0.04%
HLIT	D	0.05%	0.01%	0.01%
ICHR	C	0.05%	0.01%	0.01%
IDCC	B	0.14%	0.04%	0.04%
INFN	C	0.05%	0.01%	0.01%
INTA	A	0.08%	0.02%	0.02%
ITRI	B	0.2%	0.04%	0.04%
JAMF	F	0.04%	0.01%	0.01%
KD	B	0.1%	0.05%	0.05%
KLIC	B	0.13%	0.02%	0.02%
LFUS	F	0.14%	0.05%	0.05%
LITE	B	0.1%	0.04%	0.04%
LSCC	D	0.15%	0.05%	0.05%
MARA	C	0.09%	0.05%	0.05%
MIR	A	0.08%	0.02%	0.02%
MKSI	C	0.14%	0.06%	0.06%
MLNK	B	0.05%	0.0%	0.0%
MTSI	B	0.09%	0.06%	0.06%
MTTR	B	0.05%	0.01%	0.01%
MXL	C	0.05%	0.01%	0.01%
NABL	F	0.04%	0.01%	0.01%
NCNO	B	0.05%	0.03%	0.03%
NOVT	D	0.19%	0.05%	0.05%
NSIT	F	0.13%	0.03%	0.03%
NTGR	B	0.08%	0.01%	0.01%
NTNX	A	0.36%	0.13%	0.13%
OLED	D	0.08%	0.06%	0.06%
ONTO	D	0.21%	0.06%	0.06%
PATH	C	0.11%	0.04%	0.04%
PCOR	B	0.17%	0.06%	0.06%
PD	C	0.05%	0.01%	0.01%
PDFS	C	0.05%	0.01%	0.01%
PEGA	A	0.11%	0.03%	0.03%
PI	D	0.07%	0.03%	0.03%
PLUS	F	0.06%	0.02%	0.02%
PLXS	B	0.17%	0.03%	0.03%
POWI	D	0.06%	0.03%	0.03%
PRGS	A	0.24%	0.02%	0.02%
PRO	C	0.06%	0.01%	0.01%
QTWO	A	0.12%	0.05%	0.05%
RAMP	C	0.05%	0.01%	0.01%
RBBN	C	0.06%	0.0%	0.0%
RMBS	C	0.14%	0.04%	0.04%
RNG	B	0.05%	0.02%	0.02%
ROG	D	0.07%	0.01%	0.01%
S	B	0.12%	0.06%	0.06%
SEDG	F	0.02%	0.0%	0.0%
SLAB	D	0.09%	0.03%	0.03%
SMAR	A	0.14%	0.06%	0.06%
SMTC	B	0.06%	0.03%	0.03%
SNX	C	0.08%	0.07%	0.07%
SPSC	C	0.16%	0.05%	0.05%
SPT	C	0.04%	0.01%	0.01%
TDC	D	0.1%	0.02%	0.02%
TENB	C	0.1%	0.04%	0.04%
U	C	0.09%	0.04%	0.04%
VECO	F	0.1%	0.01%	0.01%
VERX	B	0.06%	0.02%	0.02%
VNT	B	0.15%	0.05%	0.05%
VRNS	D	0.06%	0.05%	0.05%
VRNT	C	0.06%	0.01%	0.01%
VSAT	F	0.02%	0.0%	0.0%
VYX	B	0.05%	0.02%	0.02%
WK	B	0.2%	0.04%	0.04%
WOLF	F	0.03%	0.01%	0.01%
XRX	F	0.04%	0.01%	0.01%
YELP	C	0.05%	0.02%	0.02%
ZD	B	0.08%	0.02%	0.02%
ZI	D	0.09%	0.02%	0.02%
ZUO	B	0.05%	0.01%	0.01%

ESML Overweight 783 Positions Relative to IGM

Symbol	Grade	Weight
CASY	A	0.52%
JHG	A	0.51%
USFD	A	0.49%
CVNA	B	0.48%
SFM	A	0.43%
INGR	B	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	A	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%
RGA	A	0.3%
PNFP	B	0.3%
SNV	B	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	B	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	A	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	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%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	A	0.23%
CBSH	A	0.23%
ARMK	B	0.23%
PRI	A	0.23%
AWI	A	0.23%
EXLS	B	0.23%
ALK	C	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%
LAD	A	0.22%
GNRC	B	0.22%
FELE	B	0.22%
WAL	B	0.22%
CMC	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%
LSTR	D	0.21%
CUZ	B	0.21%
RHI	B	0.21%
GME	C	0.21%
NJR	A	0.21%
CNO	A	0.2%
HOG	D	0.2%
FND	C	0.2%
LECO	B	0.2%
KNSL	B	0.2%
WHR	B	0.2%
FBP	B	0.2%
PLNT	A	0.2%
KBH	D	0.2%
TGNA	B	0.2%
MTN	C	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%
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	D	0.19%
LUMN	C	0.19%
HAS	D	0.19%
ONB	B	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	D	0.19%
OHI	C	0.19%
SNDR	B	0.19%
DAR	C	0.19%
FRPT	B	0.19%
GPI	A	0.19%
AA	B	0.19%
RHP	B	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%
NYT	C	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%
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	B	0.17%
PCH	D	0.17%
TMHC	B	0.17%
PEN	B	0.17%
ASB	B	0.17%
VVV	F	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%
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	B	0.16%
TNL	A	0.16%
TKO	B	0.16%
SLM	A	0.16%
BCC	B	0.16%
JAZZ	B	0.16%
SITE	D	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	A	0.15%
MMSI	B	0.15%
FSS	B	0.15%
ANF	C	0.15%
AM	A	0.15%
FIBK	A	0.15%
CRS	A	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	D	0.14%
BECN	B	0.14%
X	C	0.14%
CHDN	B	0.14%
GTLS	B	0.14%
ESI	A	0.14%
CHE	D	0.14%
SR	A	0.14%
RYAN	B	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	D	0.14%
JXN	C	0.14%
FMC	D	0.14%
AVAV	D	0.13%
M	D	0.13%
HESM	B	0.13%
BRKR	D	0.13%
EPAC	B	0.13%
CAVA	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%
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	A	0.13%
CABO	C	0.13%
AGCO	D	0.13%
HIW	D	0.13%
CVBF	A	0.12%
AGNC	D	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	C	0.12%
IRDM	D	0.12%
KOS	F	0.12%
RKLB	B	0.12%
WGO	C	0.12%
WHD	B	0.12%
GL	B	0.12%
ABG	B	0.12%
WERN	C	0.12%
THO	B	0.12%
MTX	B	0.12%
ADT	C	0.12%
GAP	B	0.12%
HAE	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
TXRH	C	0.11%
JEF	A	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	F	0.11%
WDFC	B	0.11%
SHOO	D	0.11%
CRNX	C	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%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
AROC	B	0.1%
SCL	C	0.1%
RVMD	C	0.1%
BRBR	A	0.1%
ALKS	B	0.1%
TRN	B	0.1%
FA	C	0.1%
SSD	D	0.1%
CAC	B	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	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%
SIG	B	0.1%
AMAL	B	0.1%
LCII	C	0.1%
ALTM	C	0.1%
PSN	D	0.1%
LNTH	D	0.1%
FIVE	F	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%
KFY	B	0.09%
CNK	B	0.09%
WEN	D	0.09%
POST	C	0.09%
SHAK	C	0.09%
RDN	C	0.09%
MGRC	B	0.09%
FR	D	0.09%
CURB	D	0.09%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	B	0.09%
SJW	D	0.09%
ATKR	C	0.09%
HWC	B	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%
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	C	0.08%
IESC	B	0.08%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	B	0.08%
ACLX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
BPOP	B	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%
AEO	F	0.08%
HR	C	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%
PLMR	B	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%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	D	0.07%
HIMS	C	0.07%
MHK	D	0.07%
HWKN	B	0.07%
GH	B	0.07%
BROS	B	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	B	0.07%
AN	C	0.07%
SXT	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%
AAP	C	0.06%
TMCI	D	0.06%
DLX	B	0.06%
IRON	B	0.06%
DCO	C	0.06%
VERA	B	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	D	0.06%
W	F	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%
COKE	C	0.06%
JWN	C	0.06%
CMCO	B	0.06%
CHH	A	0.06%
TGTX	B	0.06%
TDOC	C	0.06%
EXP	A	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%
FL	F	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%
BOOT	D	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%
BYD	C	0.06%
BKU	A	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
KE	C	0.06%
FUN	C	0.06%
KREF	D	0.06%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	B	0.06%
MAN	D	0.06%
VRDN	D	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%
RH	B	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%
IONS	F	0.05%
PLOW	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	A	0.05%
LEVI	F	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%
MODG	F	0.05%
MPW	F	0.05%
KSS	F	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%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	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%
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%
OMCL	C	0.05%
HCC	B	0.05%
MMI	B	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	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	B	0.05%
ARWR	F	0.05%
KVYO	C	0.05%
LOPE	B	0.05%
UFPT	B	0.05%
DNOW	B	0.05%
TNC	D	0.05%
ARQT	C	0.05%
GEF	A	0.05%
NUVL	D	0.05%
LEG	F	0.05%
JBGS	D	0.05%
UAA	C	0.05%
RUSHA	C	0.05%
COOP	B	0.05%
COLD	D	0.05%
NBHC	B	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%
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%
CRI	D	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	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%
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%
FLO	D	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	D	0.04%
IVR	F	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%
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%
CPRI	F	0.03%
MYGN	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%
DEI	B	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	F	0.01%

ESML Underweight 149 Positions Relative to IGM

Symbol	Grade	Weight
NVDA	C	-9.42%
META	D	-8.33%
AAPL	C	-7.98%
MSFT	F	-7.68%
GOOGL	C	-4.83%
AVGO	D	-4.19%
GOOG	C	-3.99%
NFLX	A	-2.77%
CRM	B	-2.47%
ORCL	B	-2.3%
CSCO	B	-1.81%
ADBE	C	-1.75%
ACN	C	-1.74%
AMD	F	-1.71%
NOW	A	-1.63%
INTU	C	-1.51%
IBM	C	-1.48%
TXN	C	-1.44%
QCOM	F	-1.4%
AMAT	F	-1.1%
PLTR	B	-1.04%
PANW	C	-0.98%
MU	D	-0.84%
INTC	D	-0.81%
ADI	D	-0.8%
ANET	C	-0.75%
LRCX	F	-0.72%
APH	A	-0.67%
KLAC	D	-0.65%
MSI	B	-0.64%
SNPS	B	-0.63%
CDNS	B	-0.62%
CRWD	B	-0.61%
MRVL	B	-0.6%
ADSK	A	-0.51%
APP	B	-0.49%
MSTR	C	-0.47%
FTNT	C	-0.47%
ROP	B	-0.46%
WDAY	B	-0.43%
NXPI	D	-0.43%
FICO	B	-0.43%
TEL	B	-0.35%
SNOW	C	-0.33%
IT	C	-0.32%
DDOG	A	-0.31%
DELL	C	-0.3%
CTSH	B	-0.3%
TEAM	A	-0.3%
EA	A	-0.3%
GLW	B	-0.28%
HPQ	A	-0.28%
HUBS	A	-0.27%
MCHP	F	-0.26%
TTWO	A	-0.23%
ANSS	B	-0.23%
ON	D	-0.22%
MPWR	F	-0.22%
RBLX	C	-0.21%
NET	B	-0.21%
HPE	B	-0.21%
TYL	C	-0.2%
GDDY	A	-0.2%
KEYS	A	-0.2%
CDW	F	-0.19%
NTAP	C	-0.19%
PTC	A	-0.18%
ZM	B	-0.17%
TDY	B	-0.17%
ZBRA	B	-0.16%
STX	D	-0.16%
FSLR	F	-0.16%
WDC	D	-0.16%
MDB	C	-0.16%
ZS	C	-0.15%
TRMB	B	-0.14%
GEN	B	-0.13%
DOCU	A	-0.13%
MANH	D	-0.13%
TER	D	-0.13%
PINS	D	-0.13%
ENTG	D	-0.12%
PSTG	D	-0.12%
VRSN	F	-0.12%
TWLO	A	-0.12%
DT	C	-0.12%
EPAM	C	-0.11%
FFIV	B	-0.11%
JBL	B	-0.11%
AKAM	D	-0.1%
SWKS	F	-0.1%
SNAP	C	-0.09%
OKTA	C	-0.09%
JNPR	F	-0.09%
IOT	A	-0.08%
SMCI	F	-0.07%
BSY	D	-0.06%
MTCH	D	-0.06%
ENPH	F	-0.06%
QRVO	F	-0.05%
AZPN	A	-0.05%
IONQ	B	-0.04%
QLYS	C	-0.04%
IAC	D	-0.03%
RIOT	C	-0.03%
SITM	B	-0.03%
ZETA	D	-0.03%
SANM	B	-0.03%
IPGP	D	-0.02%
EXTR	B	-0.02%
VIAV	B	-0.02%
AMBA	B	-0.02%
YOU	D	-0.02%
TTMI	B	-0.02%
ACLS	F	-0.02%
OSIS	B	-0.02%
DIOD	D	-0.02%
RPD	C	-0.02%
CXT	B	-0.02%
AMKR	D	-0.02%
ALGM	D	-0.02%
SYNA	C	-0.02%
CARG	C	-0.02%
SWI	B	-0.01%
ZIP	F	-0.01%
SSTK	F	-0.01%
BMBL	D	-0.01%
FSLY	D	-0.01%
CNXN	C	-0.01%
GDYN	B	-0.01%
COMM	D	-0.01%
AAOI	B	-0.01%
COHU	C	-0.01%
ADEA	D	-0.01%
NSSC	D	-0.01%
APPN	B	-0.01%
PLAB	C	-0.01%
DBD	C	-0.01%
TRIP	F	-0.01%
UCTT	D	-0.01%
NTCT	C	-0.01%
KN	B	-0.01%
VSH	D	-0.01%
AVNW	F	-0.0%
CRSR	C	-0.0%
CLFD	D	-0.0%
SEMR	B	-0.0%
PLTK	B	-0.0%
ADTN	A	-0.0%

IGM: Top Represented Industries & Keywords

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