ESML vs. IUS ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Invesco Strategic US ETF (IUS)

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

$41.37

Average Daily Volume

116,212

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

IUS

Invesco Strategic US ETF

IUS Description

The investment seeks to track the investment results (before fees and expenses) of the Invesco Strategic US Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. It generally invests in all of the securities comprising its underlying index in proportion to their weightings in the underlying index. The underlying index is designed to measure the performance of equity securities issued by higher quality, large-business-sized companies designated as U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.07

Average Daily Volume

66,597

Number of Holdings ^*

541

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IUS
30 Days	0.28%	1.43%
60 Days	0.50%	6.24%
90 Days	8.35%	5.84%
12 Months	26.30%	28.43%

114 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IUS	Overlap
AA	C	0.19%	0.03%	0.03%
AAP	F	0.06%	0.02%	0.02%
ABG	D	0.12%	0.04%	0.04%
AGCO	D	0.15%	0.04%	0.04%
AMG	C	0.18%	0.03%	0.03%
AN	B	0.08%	0.06%	0.06%
ANDE	D	0.07%	0.04%	0.04%
AR	C	0.21%	0.04%	0.04%
ARMK	B	0.24%	0.05%	0.05%
ARW	C	0.11%	0.1%	0.1%
ATKR	F	0.09%	0.02%	0.02%
AVT	B	0.29%	0.06%	0.06%
BC	C	0.08%	0.03%	0.03%
BCC	B	0.17%	0.03%	0.03%
BECN	F	0.12%	0.04%	0.04%
BERY	C	0.18%	0.07%	0.07%
BJ	D	0.25%	0.05%	0.05%
BWA	C	0.19%	0.06%	0.06%
CACI	A	0.22%	0.03%	0.03%
CAR	D	0.05%	0.07%	0.05%
CASY	D	0.5%	0.05%	0.05%
CIVI	F	0.06%	0.04%	0.04%
CLF	D	0.07%	0.06%	0.06%
CMC	C	0.21%	0.04%	0.04%
CNM	F	0.25%	0.02%	0.02%
CNX	A	0.23%	0.04%	0.04%
COHR	B	0.27%	0.04%	0.04%
CPRI	C	0.07%	0.04%	0.04%
CZR	C	0.16%	0.05%	0.05%
DAR	F	0.18%	0.03%	0.03%
DK	F	0.04%	0.03%	0.03%
DXC	D	0.1%	0.08%	0.08%
ELAN	D	0.17%	0.02%	0.02%
FAF	B	0.17%	0.04%	0.04%
FLEX	B	0.31%	0.1%	0.1%
FLR	D	0.1%	0.04%	0.04%
FTI	B	0.33%	0.03%	0.03%
FYBR	C	0.14%	0.04%	0.04%
GAP	F	0.12%	0.03%	0.03%
GPI	C	0.19%	0.05%	0.05%
GPK	B	0.29%	0.04%	0.04%
GT	F	0.06%	0.04%	0.04%
GXO	D	0.15%	0.03%	0.03%
HAS	A	0.22%	0.03%	0.03%
HOG	C	0.24%	0.03%	0.03%
HRB	C	0.21%	0.03%	0.03%
INGR	A	0.41%	0.04%	0.04%
JAZZ	F	0.15%	0.03%	0.03%
JHG	C	0.45%	0.03%	0.03%
JLL	B	0.38%	0.07%	0.07%
KBH	C	0.23%	0.04%	0.04%
KD	F	0.09%	0.03%	0.03%
KSS	D	0.06%	0.05%	0.05%
LAD	B	0.19%	0.07%	0.07%
LBRDK	C	0.06%	0.05%	0.05%
LEA	F	0.13%	0.06%	0.06%
LUMN	C	0.16%	0.4%	0.16%
M	F	0.13%	0.05%	0.05%
MAN	D	0.08%	0.05%	0.05%
MHK	B	0.08%	0.06%	0.06%
MTH	B	0.19%	0.03%	0.03%
MTN	D	0.22%	0.03%	0.03%
MUR	F	0.14%	0.03%	0.03%
MUSA	D	0.34%	0.05%	0.05%
NCLH	C	0.2%	0.04%	0.04%
NFG	A	0.21%	0.03%	0.03%
NOV	F	0.16%	0.02%	0.02%
NSIT	C	0.18%	0.03%	0.03%
NWL	D	0.08%	0.03%	0.03%
NXST	D	0.09%	0.04%	0.04%
OGS	A	0.33%	0.03%	0.03%
OMF	D	0.18%	0.05%	0.05%
ORI	A	0.13%	0.06%	0.06%
OSK	F	0.28%	0.03%	0.03%
PBF	F	0.06%	0.06%	0.06%
PENN	D	0.05%	0.04%	0.04%
POST	B	0.1%	0.04%	0.04%
PR	F	0.17%	0.03%	0.03%
PRGO	F	0.07%	0.02%	0.02%
PVH	F	0.16%	0.04%	0.04%
R	C	0.27%	0.07%	0.07%
RGA	C	0.3%	0.1%	0.1%
RH	C	0.07%	0.04%	0.04%
RHI	D	0.2%	0.03%	0.03%
RL	B	0.09%	0.04%	0.04%
RNR	A	0.26%	0.06%	0.06%
RRC	D	0.24%	0.03%	0.03%
RRX	C	0.16%	0.04%	0.04%
SATS	C	0.07%	0.06%	0.06%
SCI	C	0.26%	0.04%	0.04%
SIG	C	0.11%	0.03%	0.03%
SM	F	0.05%	0.03%	0.03%
SNX	C	0.08%	0.12%	0.08%
SON	D	0.13%	0.03%	0.03%
SWN	C	0.24%	0.05%	0.05%
TDS	B	0.07%	0.04%	0.04%
TGNA	B	0.18%	0.03%	0.03%
THC	C	0.25%	0.08%	0.08%
THO	C	0.13%	0.04%	0.04%
TMHC	B	0.17%	0.05%	0.05%
TNET	F	0.08%	0.03%	0.03%
TOL	A	0.27%	0.07%	0.07%
TPR	B	0.25%	0.05%	0.05%
UGI	C	0.27%	0.04%	0.04%
UNFI	B	0.06%	0.09%	0.06%
USFD	C	0.49%	0.1%	0.1%
VFC	B	0.18%	0.06%	0.06%
VVV	D	0.18%	0.03%	0.03%
WCC	C	0.21%	0.05%	0.05%
WHR	C	0.2%	0.07%	0.07%
WSC	D	0.2%	0.03%	0.03%
WU	D	0.08%	0.03%	0.03%
X	F	0.14%	0.09%	0.09%
XRX	F	0.05%	0.02%	0.02%

ESML Overweight 790 Positions Relative to IUS

Symbol	Grade	Weight
GWRE	A	0.41%
KBR	D	0.4%
REXR	D	0.39%
CVNA	A	0.36%
FIX	B	0.36%
SFM	A	0.35%
NTNX	D	0.33%
EWBC	D	0.33%
RGLD	C	0.32%
FRT	B	0.32%
BMI	A	0.31%
ITT	B	0.3%
WEX	C	0.3%
MDU	C	0.3%
ONTO	C	0.3%
BLD	C	0.3%
EHC	B	0.29%
AYI	A	0.29%
SIGI	D	0.28%
BFAM	C	0.28%
WMS	D	0.27%
PCVX	B	0.27%
AXTA	C	0.26%
XPO	F	0.26%
BWXT	A	0.26%
IBKR	A	0.26%
NTRA	B	0.26%
PNFP	D	0.25%
GBCI	D	0.25%
DCI	B	0.25%
SNV	D	0.25%
WING	B	0.25%
IVZ	C	0.25%
SSB	C	0.25%
MTG	B	0.25%
SAIA	D	0.24%
UMBF	C	0.24%
PRGS	B	0.24%
FND	B	0.24%
FELE	B	0.23%
MWA	B	0.23%
INSM	D	0.23%
CROX	C	0.23%
FCN	B	0.23%
DTM	A	0.23%
MOG.A	B	0.23%
ATR	A	0.23%
SUM	D	0.23%
EGP	D	0.23%
CUBE	C	0.23%
LSTR	D	0.22%
CUZ	C	0.22%
WBS	D	0.22%
PRI	A	0.22%
NJR	C	0.22%
CW	A	0.22%
CDP	A	0.22%
ALSN	A	0.22%
ALK	B	0.21%
CVLT	C	0.21%
AWI	A	0.21%
UNM	A	0.21%
NOVT	D	0.21%
SRPT	F	0.21%
AAON	B	0.21%
WAL	C	0.21%
WTS	B	0.21%
ENSG	D	0.21%
NVT	D	0.2%
KNSL	D	0.2%
FTDR	C	0.2%
RHP	C	0.2%
LNW	F	0.2%
FBP	D	0.2%
EPRT	C	0.2%
FTAI	B	0.2%
WWD	B	0.2%
AVA	B	0.2%
BDC	B	0.2%
HHH	B	0.2%
CBSH	D	0.2%
EXLS	B	0.2%
OHI	C	0.2%
CMA	C	0.19%
MSA	D	0.19%
CR	C	0.19%
RLI	A	0.19%
TTEK	B	0.19%
AFRM	C	0.19%
GNRC	B	0.19%
FHN	D	0.19%
NYT	B	0.19%
ACHC	F	0.19%
PCH	C	0.19%
LECO	F	0.19%
ZWS	A	0.19%
MORN	C	0.18%
CIEN	B	0.18%
ATI	B	0.18%
MOD	C	0.18%
TKO	C	0.18%
SPSC	D	0.18%
SITE	D	0.18%
BHLB	D	0.18%
PLNT	C	0.18%
SPXC	C	0.18%
ITRI	C	0.18%
FMC	B	0.18%
FRPT	C	0.18%
WK	D	0.18%
ENLC	A	0.18%
CNO	C	0.18%
GME	D	0.18%
CRUS	D	0.18%
SNDR	C	0.18%
REZI	F	0.18%
HRI	B	0.18%
AXS	A	0.18%
ZION	D	0.17%
FN	C	0.17%
CHX	F	0.17%
VOYA	A	0.17%
PCTY	C	0.17%
ONB	D	0.17%
DLB	D	0.17%
RGEN	F	0.17%
LPX	A	0.17%
BRKR	D	0.17%
LSCC	D	0.17%
THG	A	0.17%
GKOS	C	0.17%
ESTC	F	0.16%
AM	A	0.16%
SLM	C	0.16%
UBSI	D	0.16%
BRX	B	0.16%
LAZ	C	0.16%
FSS	B	0.16%
PLXS	B	0.16%
GATX	D	0.16%
BHE	C	0.16%
AEIS	D	0.16%
WFRD	F	0.16%
DUOL	B	0.16%
MTZ	C	0.16%
PEN	D	0.15%
HIW	C	0.15%
SR	A	0.15%
HXL	F	0.15%
BANR	C	0.15%
KTB	B	0.15%
TPX	B	0.15%
MKSI	F	0.15%
MMSI	C	0.15%
ANF	D	0.15%
KNTK	C	0.15%
SF	A	0.15%
DBX	C	0.15%
MEDP	F	0.15%
PDCO	F	0.15%
ASB	F	0.15%
TPH	B	0.15%
CHE	B	0.15%
ACIW	A	0.15%
FLS	B	0.15%
HNI	B	0.15%
LFUS	C	0.15%
PCOR	D	0.15%
ASGN	D	0.15%
ALTR	C	0.14%
VNT	F	0.14%
AZEK	B	0.14%
ITCI	D	0.14%
BCPC	C	0.14%
NPO	C	0.14%
HQY	B	0.14%
JXN	B	0.14%
GTLB	D	0.14%
ESI	B	0.14%
CBT	B	0.14%
LNTH	C	0.14%
TNL	B	0.14%
FIBK	D	0.14%
CRS	B	0.14%
SMAR	A	0.14%
IRDM	C	0.13%
AVAV	B	0.13%
ELF	F	0.13%
SOFI	C	0.13%
ADT	D	0.13%
WH	C	0.13%
BLKB	C	0.13%
IBCP	D	0.13%
YETI	D	0.13%
CADE	D	0.13%
KNF	C	0.13%
SHOO	A	0.13%
GL	C	0.13%
ITGR	C	0.13%
OLLI	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	D	0.13%
AGNC	C	0.13%
CPF	C	0.13%
OPCH	D	0.13%
CYTK	F	0.13%
DFIN	D	0.13%
VKTX	D	0.13%
CPK	B	0.13%
SWX	C	0.13%
VLY	C	0.13%
ACA	C	0.13%
CHDN	D	0.13%
KLIC	D	0.13%
RYAN	A	0.13%
MAT	C	0.13%
FA	A	0.12%
ECPG	F	0.12%
EPAC	C	0.12%
SITC	F	0.12%
ADC	B	0.12%
IBP	C	0.12%
RMBS	F	0.12%
COLB	C	0.12%
FIVE	D	0.12%
VMI	B	0.12%
WGO	D	0.12%
CABO	F	0.12%
APPF	C	0.12%
TRNO	D	0.12%
WERN	D	0.12%
MTX	D	0.12%
PFSI	C	0.12%
RDUS	D	0.12%
CAVA	C	0.12%
HASI	C	0.12%
WTM	D	0.12%
PINC	F	0.12%
HALO	D	0.12%
OZK	F	0.12%
WDFC	C	0.11%
GTLS	F	0.11%
XENE	F	0.11%
SCL	D	0.11%
CFLT	F	0.11%
ORA	B	0.11%
PRIM	C	0.11%
U	D	0.11%
STRL	C	0.11%
MRCY	C	0.11%
CGNX	F	0.11%
WHD	B	0.11%
SSD	C	0.11%
DNLI	C	0.11%
HAE	D	0.11%
EAT	A	0.11%
AIT	A	0.11%
DY	C	0.11%
STWD	C	0.11%
PATH	D	0.11%
KRC	C	0.11%
FUL	F	0.11%
MYRG	F	0.11%
BHVN	C	0.11%
S	D	0.11%
KOS	F	0.11%
OGN	D	0.11%
FULT	D	0.11%
PSN	A	0.11%
LRN	C	0.11%
LCII	B	0.11%
ETSY	F	0.11%
IDCC	A	0.11%
AMED	D	0.1%
CRDO	C	0.1%
BWIN	C	0.1%
SLG	C	0.1%
FR	C	0.1%
CSGS	C	0.1%
GMED	D	0.1%
ALKS	C	0.1%
TXRH	B	0.1%
QTWO	C	0.1%
NMIH	C	0.1%
NXT	F	0.1%
TENB	F	0.1%
RXO	D	0.1%
BRC	C	0.1%
CRNX	D	0.1%
AEO	C	0.1%
OLED	C	0.1%
AUB	D	0.1%
AL	D	0.1%
INSP	C	0.1%
LBRDA	C	0.1%
SJW	D	0.1%
ABCB	C	0.1%
EFSC	D	0.1%
TDC	D	0.1%
KAR	D	0.1%
HCP	B	0.1%
VC	F	0.1%
CCOI	B	0.1%
SLAB	D	0.1%
EVR	C	0.1%
BRBR	B	0.09%
LYFT	D	0.09%
MGRC	D	0.09%
ICFI	C	0.09%
PJT	C	0.09%
ESE	B	0.09%
UNIT	C	0.09%
LNN	B	0.09%
BXMT	C	0.09%
AUR	C	0.09%
KFY	C	0.09%
WEN	C	0.09%
STC	C	0.09%
RDN	D	0.09%
CRVL	C	0.09%
CAC	C	0.09%
AROC	C	0.09%
RUN	D	0.09%
LNC	D	0.09%
HR	C	0.09%
APAM	C	0.09%
PEGA	C	0.09%
DV	F	0.09%
TMDX	D	0.09%
LCID	D	0.09%
ZI	D	0.09%
ERII	C	0.09%
ST	F	0.09%
BILL	D	0.09%
CRC	B	0.09%
PI	B	0.09%
JEF	B	0.09%
RDNT	C	0.09%
AMAL	D	0.09%
TRN	C	0.09%
CVBF	D	0.09%
XHR	C	0.08%
BPMC	F	0.08%
TBBK	C	0.08%
IOSP	F	0.08%
ROG	D	0.08%
RNA	A	0.08%
PLUS	C	0.08%
AZZ	C	0.08%
OUT	C	0.08%
NWN	B	0.08%
ALG	D	0.08%
CHWY	C	0.08%
EVRI	B	0.08%
CWEN	A	0.08%
CLVT	D	0.08%
AMN	F	0.08%
RNST	D	0.08%
CNK	C	0.08%
SHAK	C	0.08%
RVMD	B	0.08%
SXT	C	0.08%
KOP	F	0.08%
MAC	B	0.08%
BOOT	B	0.08%
RARE	C	0.08%
SBRA	C	0.08%
SPB	B	0.08%
ENOV	F	0.08%
CFR	D	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	C	0.08%
ICUI	B	0.08%
PLMR	D	0.08%
MARA	F	0.08%
ESNT	C	0.08%
LITE	C	0.08%
W	D	0.08%
MTSI	C	0.08%
TEX	F	0.08%
HWC	D	0.08%
VNO	B	0.08%
ABM	D	0.08%
BPOP	D	0.08%
AZTA	F	0.08%
ENR	B	0.07%
UPBD	F	0.07%
LXP	D	0.07%
ENV	C	0.07%
ACVA	C	0.07%
VITL	C	0.07%
PNTG	C	0.07%
LEG	D	0.07%
JBGS	C	0.07%
VCTR	C	0.07%
HLIT	C	0.07%
EXPO	B	0.07%
COLM	B	0.07%
VVX	B	0.07%
SEM	D	0.07%
AAT	C	0.07%
PHAT	C	0.07%
PECO	C	0.07%
XPRO	F	0.07%
TREX	D	0.07%
CTS	D	0.07%
SASR	C	0.07%
FL	F	0.07%
VRRM	D	0.07%
PEB	D	0.07%
HBI	B	0.07%
PLYA	D	0.07%
VAC	D	0.07%
PRVA	F	0.07%
INTA	C	0.07%
INDB	D	0.07%
PDM	C	0.07%
BL	D	0.07%
CWK	C	0.07%
BOH	F	0.07%
WD	C	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	A	0.07%
MPW	C	0.07%
KREF	C	0.07%
JBT	B	0.07%
VRNS	C	0.07%
ACLX	C	0.07%
AVNT	B	0.07%
DRS	A	0.07%
CCCS	D	0.07%
PIPR	C	0.07%
DOCS	B	0.07%
SEE	B	0.07%
GVA	B	0.07%
KTOS	A	0.07%
AMWD	C	0.07%
HWKN	A	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CALX	C	0.07%
CCS	C	0.07%
XRAY	D	0.07%
ZD	D	0.07%
COLD	D	0.07%
PRKS	D	0.07%
MTRN	F	0.06%
HURN	C	0.06%
HZO	C	0.06%
IBOC	D	0.06%
TALO	F	0.06%
FROG	F	0.06%
GH	F	0.06%
PRG	C	0.06%
EXP	C	0.06%
DCO	B	0.06%
NARI	F	0.06%
HI	F	0.06%
PPBI	D	0.06%
CMCO	D	0.06%
TDOC	D	0.06%
BYD	C	0.06%
HELE	D	0.06%
APGE	C	0.06%
THS	C	0.06%
PDFS	F	0.06%
CBU	D	0.06%
MOV	F	0.06%
BKU	D	0.06%
PTGX	C	0.06%
MNKD	C	0.06%
CLB	D	0.06%
MEI	D	0.06%
VSEC	D	0.06%
CART	C	0.06%
HL	C	0.06%
TWST	D	0.06%
AIR	D	0.06%
WRBY	C	0.06%
FOUR	B	0.06%
OSCR	C	0.06%
FUN	F	0.06%
KROS	C	0.06%
ROCK	D	0.06%
PAR	D	0.06%
KYMR	C	0.06%
JWN	D	0.06%
MYGN	D	0.06%
SPR	D	0.06%
APG	F	0.06%
CLH	C	0.06%
WKC	B	0.06%
CWEN	A	0.06%
TILE	B	0.06%
OII	D	0.06%
MHO	A	0.06%
UFPT	D	0.06%
MXL	F	0.06%
AVPT	C	0.06%
IESC	B	0.06%
ADUS	C	0.06%
KE	F	0.06%
SQSP	A	0.06%
ALTM	D	0.06%
GERN	D	0.06%
PAHC	C	0.06%
NVST	D	0.06%
CC	D	0.06%
POWI	F	0.06%
FFIN	D	0.06%
SG	C	0.06%
ATRC	D	0.06%
TARS	C	0.06%
UEC	C	0.06%
CDE	C	0.06%
VRNT	F	0.06%
EPR	C	0.06%
ADMA	B	0.06%
HIMS	C	0.06%
HGV	F	0.06%
BANC	C	0.06%
RCM	B	0.06%
ROIV	D	0.06%
BDN	A	0.06%
CMP	D	0.06%
WTFC	C	0.06%
COMP	C	0.06%
CLNE	C	0.06%
TROX	D	0.06%
RKLB	B	0.06%
MRUS	D	0.06%
GTES	C	0.06%
TNC	F	0.06%
SMTC	C	0.06%
SKT	A	0.06%
COKE	B	0.06%
EYE	F	0.06%
SONO	D	0.06%
EWTX	B	0.06%
ALHC	C	0.06%
NEP	D	0.06%
NUVL	B	0.06%
HAIN	C	0.06%
MIR	B	0.06%
LEVI	B	0.06%
PK	D	0.06%
TNDM	D	0.06%
RKT	B	0.06%
MODG	F	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
MQ	F	0.05%
TGTX	C	0.05%
CUBI	F	0.05%
SVRA	D	0.05%
TGI	F	0.05%
FORM	F	0.05%
BBIO	F	0.05%
SLNO	C	0.05%
SNDX	F	0.05%
HPP	F	0.05%
CPRX	C	0.05%
GPRE	F	0.05%
IRON	C	0.05%
PLUG	F	0.05%
KRYS	D	0.05%
AHH	F	0.05%
KURA	D	0.05%
REVG	D	0.05%
ARVN	F	0.05%
FLO	C	0.05%
MMS	A	0.05%
AXL	F	0.05%
JAMF	F	0.05%
ASTE	F	0.05%
COUR	F	0.05%
LGF.A	F	0.05%
PBI	C	0.05%
SIBN	F	0.05%
CWT	D	0.05%
CGEM	F	0.05%
BKD	D	0.05%
PGNY	F	0.05%
FFBC	D	0.05%
ARLO	F	0.05%
MGNI	D	0.05%
RAMP	F	0.05%
RBBN	D	0.05%
ZUO	F	0.05%
LOPE	D	0.05%
INVX	F	0.05%
RNG	F	0.05%
QS	F	0.05%
AI	F	0.05%
NBHC	D	0.05%
DLX	F	0.05%
ALKT	D	0.05%
TXG	F	0.05%
RUSHA	C	0.05%
PRO	F	0.05%
DNOW	F	0.05%
AMBC	F	0.05%
KLG	D	0.05%
RXRX	F	0.05%
ZEUS	F	0.05%
HLX	D	0.05%
KMPR	D	0.05%
CCRN	F	0.05%
OMI	F	0.05%
ASH	F	0.05%
PAYO	A	0.05%
BEAM	F	0.05%
AVDX	F	0.05%
CBZ	F	0.05%
EPC	F	0.05%
ACEL	C	0.05%
XPEL	D	0.05%
VYX	D	0.05%
ARCB	D	0.05%
BGC	B	0.05%
FOXF	F	0.05%
MRC	D	0.05%
FLYW	F	0.05%
SGH	F	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
FTRE	F	0.05%
ETWO	D	0.05%
OMCL	C	0.05%
AWR	B	0.05%
WNC	F	0.05%
VERX	B	0.05%
MLTX	C	0.05%
CRI	D	0.05%
PLAY	D	0.05%
JANX	D	0.05%
CWAN	C	0.05%
CSTL	C	0.05%
ICHR	F	0.05%
PETQ	A	0.05%
SMPL	D	0.05%
HOUS	C	0.05%
VSCO	C	0.05%
VRTS	F	0.05%
MTTR	C	0.05%
EDR	A	0.05%
INFA	D	0.05%
UAA	B	0.05%
ATGE	C	0.05%
PYCR	D	0.05%
PSMT	B	0.05%
HAYW	B	0.05%
BROS	D	0.05%
GO	F	0.05%
WT	D	0.05%
KELYA	D	0.05%
ATEN	C	0.05%
MNRO	C	0.05%
QDEL	D	0.05%
EMBC	D	0.05%
DYN	D	0.05%
SFBS	D	0.05%
HAFC	D	0.05%
NRIX	D	0.05%
ARWR	F	0.05%
SAVA	D	0.05%
IVR	C	0.05%
VVI	C	0.05%
HCC	D	0.05%
AGIO	D	0.05%
PGRE	D	0.05%
MLNK	F	0.05%
CRAI	B	0.05%
NABL	F	0.05%
CLDX	F	0.05%
ELVN	B	0.05%
RYN	C	0.05%
CHH	C	0.05%
CAKE	B	0.05%
GBX	C	0.05%
ARQT	D	0.05%
AGYS	D	0.05%
OWL	B	0.05%
PTCT	C	0.05%
CNMD	D	0.05%
NOVA	D	0.05%
SMP	D	0.05%
GRBK	B	0.05%
RXST	F	0.05%
SKY	A	0.05%
BNL	B	0.05%
COGT	C	0.05%
YELP	F	0.05%
THRM	F	0.05%
GEF	C	0.05%
IONS	F	0.05%
VREX	F	0.05%
AORT	D	0.05%
SLVM	C	0.05%
COOP	C	0.05%
PRAA	F	0.05%
EE	A	0.05%
AGO	D	0.05%
MMI	C	0.05%
PD	F	0.05%
NYCB	D	0.05%
NBTB	D	0.05%
KVYO	B	0.05%
NEOG	D	0.05%
RUSHB	C	0.05%
EWCZ	F	0.05%
SBH	B	0.05%
CALM	A	0.05%
ARKO	C	0.05%
PLOW	C	0.05%
DOCN	C	0.05%
SHC	C	0.05%
INFN	C	0.05%
GEF	C	0.05%
MASI	C	0.05%
MBUU	D	0.05%
LIVN	D	0.05%
AXSM	C	0.05%
FIVN	F	0.05%
VERA	C	0.05%
CECO	D	0.05%
VNOM	B	0.05%
VBTX	C	0.05%
ZYME	C	0.05%
VSTS	D	0.05%
NTLA	F	0.05%
JELD	D	0.05%
UPST	C	0.05%
CRMT	F	0.04%
APLS	F	0.04%
BRY	F	0.04%
FNA	F	0.04%
AGL	F	0.04%
PLRX	F	0.04%
SEDG	F	0.04%
MDGL	F	0.04%
BASE	F	0.04%
MEG	F	0.04%
CNXC	F	0.04%
ETNB	F	0.04%
CXM	F	0.04%
RCUS	F	0.04%
BRZE	F	0.04%
PTEN	F	0.04%
NUVB	F	0.04%
IART	F	0.04%
SPT	F	0.04%
SWTX	F	0.04%
CLSK	F	0.04%
ASAN	F	0.04%
EGY	D	0.04%
CAL	F	0.04%
GOGO	F	0.04%
ASPN	C	0.04%
NVCR	F	0.04%
MTUS	F	0.04%
CLW	F	0.04%
IMVT	F	0.04%
ANAB	D	0.04%
NCNO	D	0.04%
BE	F	0.04%
LBPH	D	0.04%
RCKT	F	0.04%
LESL	F	0.04%
AMC	F	0.04%
FRSH	F	0.04%
DGII	D	0.04%
MLKN	F	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
PFS	D	0.04%
CDNA	C	0.04%
NVAX	D	0.04%
STAA	D	0.04%
ESTA	F	0.04%
VSAT	F	0.03%
WOLF	F	0.03%
MC	C	0.02%
DEI	A	0.02%
GDOT	C	0.01%

ESML Underweight 427 Positions Relative to IUS

Symbol	Grade	Weight
AAPL	C	-4.86%
GOOGL	C	-3.44%
BRK.A	C	-2.91%
MSFT	C	-2.83%
XOM	B	-2.3%
META	A	-2.24%
AMZN	C	-1.98%
UNH	B	-1.54%
CVX	D	-1.5%
T	A	-1.31%
VZ	A	-1.22%
WMT	A	-1.21%
CMCSA	B	-1.09%
CVS	D	-1.07%
JNJ	C	-0.96%
HD	A	-0.9%
NVDA	C	-0.84%
GM	D	-0.82%
AVGO	C	-0.81%
PG	C	-0.77%
COST	C	-0.73%
ABBV	A	-0.73%
PFE	D	-0.72%
CI	C	-0.7%
CSCO	A	-0.69%
RTX	A	-0.67%
MPC	F	-0.67%
V	C	-0.66%
COP	D	-0.63%
IBM	C	-0.57%
BMY	B	-0.56%
F	D	-0.55%
TSLA	B	-0.53%
ELV	F	-0.52%
LMT	A	-0.51%
KO	B	-0.5%
AXP	A	-0.5%
MCK	F	-0.49%
LOW	A	-0.48%
DIS	D	-0.48%
ACN	B	-0.48%
MRK	F	-0.47%
PSX	F	-0.47%
CAT	A	-0.47%
VLO	F	-0.46%
CB	A	-0.45%
PEP	D	-0.45%
MA	A	-0.44%
UPS	D	-0.44%
CAH	B	-0.44%
CRM	C	-0.44%
GE	C	-0.43%
LIN	B	-0.42%
INTC	D	-0.42%
CNC	F	-0.41%
DE	A	-0.39%
ABT	C	-0.38%
GILD	A	-0.37%
TMO	C	-0.37%
BKNG	C	-0.36%
MDT	A	-0.36%
FDX	D	-0.35%
TMUS	A	-0.35%
PM	B	-0.35%
KR	B	-0.35%
QCOM	D	-0.33%
ORCL	C	-0.32%
PYPL	B	-0.32%
MO	B	-0.32%
ADM	D	-0.32%
TGT	C	-0.32%
EOG	D	-0.31%
NKE	D	-0.31%
PGR	C	-0.3%
MCD	A	-0.3%
HON	B	-0.29%
MMM	B	-0.29%
OXY	F	-0.28%
HUM	F	-0.28%
CHTR	D	-0.28%
NFLX	C	-0.28%
ADBE	F	-0.28%
TJX	C	-0.28%
TXN	C	-0.28%
TRV	C	-0.27%
UNP	C	-0.27%
HCA	A	-0.27%
LLY	D	-0.27%
AMGN	D	-0.26%
DHR	B	-0.26%
MDLZ	C	-0.26%
AMAT	D	-0.25%
KHC	B	-0.25%
ALL	C	-0.25%
WBD	D	-0.24%
AMD	D	-0.24%
DOW	B	-0.23%
LEN	B	-0.22%
BX	C	-0.22%
NOC	B	-0.22%
KMI	A	-0.22%
LNG	D	-0.21%
SBUX	B	-0.21%
NUE	D	-0.21%
DELL	D	-0.21%
CSX	D	-0.21%
MU	D	-0.2%
DHI	B	-0.2%
GD	A	-0.2%
HPE	C	-0.2%
REGN	D	-0.2%
INTU	F	-0.19%
SYY	B	-0.19%
HIG	A	-0.18%
EXC	A	-0.18%
HPQ	C	-0.18%
SLB	F	-0.17%
TSN	D	-0.17%
MMC	D	-0.17%
NEM	C	-0.17%
GIS	B	-0.16%
JCI	B	-0.16%
ADP	A	-0.16%
BBY	B	-0.16%
DD	B	-0.16%
LRCX	F	-0.16%
BDX	B	-0.16%
XEL	A	-0.16%
MAR	B	-0.15%
CMI	B	-0.15%
PSA	C	-0.15%
FANG	F	-0.15%
AON	A	-0.15%
WM	D	-0.15%
FCX	B	-0.15%
LYB	D	-0.15%
ED	A	-0.15%
ETN	C	-0.15%
PCAR	D	-0.15%
NSC	B	-0.15%
CTVA	B	-0.14%
URI	B	-0.14%
AZO	D	-0.14%
SHW	B	-0.14%
CL	D	-0.14%
LHX	A	-0.14%
CTSH	C	-0.14%
ITW	B	-0.14%
APD	C	-0.14%
BG	D	-0.14%
SYK	C	-0.14%
BKR	B	-0.14%
OKE	C	-0.14%
FOXA	A	-0.14%
TEL	D	-0.13%
KLAC	D	-0.13%
WBA	F	-0.13%
MRO	D	-0.13%
EBAY	A	-0.13%
PH	B	-0.13%
VTRS	D	-0.13%
ORLY	A	-0.13%
BLDR	B	-0.13%
EMR	B	-0.13%
CBRE	A	-0.13%
KDP	C	-0.13%
VST	A	-0.13%
CARR	C	-0.12%
ISRG	C	-0.12%
STLD	C	-0.12%
IP	B	-0.12%
ACI	F	-0.12%
DVN	F	-0.12%
BA	F	-0.12%
EXPE	B	-0.12%
UBER	C	-0.12%
GLW	C	-0.12%
ABNB	D	-0.12%
ACGL	A	-0.12%
TRGP	C	-0.11%
PARA	F	-0.11%
JBL	D	-0.11%
BSX	A	-0.11%
STZ	B	-0.11%
CTRA	D	-0.11%
PHM	A	-0.11%
PFGC	B	-0.11%
KMB	B	-0.11%
TT	A	-0.11%
ROST	C	-0.11%
VRTX	D	-0.11%
EQIX	B	-0.1%
WTW	A	-0.1%
MOS	F	-0.1%
DINO	F	-0.1%
ZTS	B	-0.1%
MELI	C	-0.1%
EG	B	-0.1%
DTE	A	-0.1%
EXPD	B	-0.09%
HAL	F	-0.09%
MCHP	F	-0.09%
CINF	A	-0.09%
IFF	C	-0.09%
CCL	C	-0.09%
APH	D	-0.09%
HLT	B	-0.09%
FE	A	-0.09%
EA	D	-0.09%
CNP	B	-0.09%
SWK	A	-0.09%
NOW	C	-0.09%
MKL	B	-0.09%
PPL	A	-0.09%
CF	A	-0.09%
SNEX	C	-0.09%
KMX	D	-0.08%
OVV	F	-0.08%
CHK	C	-0.08%
HES	D	-0.08%
MSI	A	-0.08%
CAG	B	-0.08%
MRVL	C	-0.08%
RS	D	-0.08%
EQT	C	-0.08%
BAX	D	-0.08%
NVR	A	-0.08%
GWW	A	-0.08%
MGM	D	-0.08%
SQ	D	-0.08%
ZIM	B	-0.08%
VRSK	D	-0.08%
UHS	D	-0.08%
SW	B	-0.08%
MOH	D	-0.08%
AMCR	A	-0.08%
DG	F	-0.08%
TAP	D	-0.08%
ECL	A	-0.08%
IQV	F	-0.08%
K	B	-0.08%
TX	D	-0.08%
RCL	C	-0.08%
PPG	D	-0.08%
CHRW	A	-0.08%
NRG	A	-0.07%
TSCO	A	-0.07%
ON	F	-0.07%
DRI	C	-0.07%
CMS	A	-0.07%
ZBH	F	-0.07%
DKS	D	-0.07%
DLTR	F	-0.07%
DGX	C	-0.07%
MCO	C	-0.07%
WAB	A	-0.07%
WY	B	-0.07%
ADSK	C	-0.07%
J	D	-0.07%
SJM	B	-0.07%
GPC	D	-0.07%
GEHC	B	-0.07%
CDW	D	-0.07%
HSY	D	-0.07%
OMC	A	-0.07%
PWR	B	-0.07%
WRB	B	-0.07%
RSG	D	-0.07%
TROW	D	-0.07%
ROP	C	-0.07%
TXT	D	-0.07%
APTV	D	-0.07%
CPNG	C	-0.06%
LDOS	A	-0.06%
IR	B	-0.06%
AME	D	-0.06%
OTIS	A	-0.06%
HRL	F	-0.06%
LKQ	F	-0.06%
NWSA	D	-0.06%
LVS	B	-0.06%
APA	F	-0.06%
DASH	B	-0.06%
FTNT	C	-0.06%
SWKS	F	-0.06%
FAST	C	-0.06%
PANW	D	-0.06%
PAYX	A	-0.06%
ULTA	D	-0.06%
A	B	-0.06%
FTV	B	-0.06%
EMN	B	-0.06%
SNPS	F	-0.06%
AES	B	-0.06%
PKG	A	-0.06%
IRM	B	-0.06%
CTAS	C	-0.06%
OC	B	-0.06%
BIIB	F	-0.06%
NTAP	D	-0.06%
EL	D	-0.06%
WCN	D	-0.06%
CDNS	D	-0.05%
HWM	A	-0.05%
NDAQ	C	-0.05%
SNA	B	-0.05%
DAL	B	-0.05%
ALB	D	-0.05%
LPLA	D	-0.05%
CEG	B	-0.05%
JNPR	C	-0.05%
JBHT	D	-0.05%
TDG	A	-0.05%
HOLX	D	-0.05%
ZM	B	-0.05%
KNX	C	-0.05%
CSL	A	-0.05%
CCK	A	-0.05%
TPG	C	-0.05%
MLM	D	-0.05%
KEYS	C	-0.05%
MKC	B	-0.05%
AKAM	D	-0.05%
CMG	C	-0.05%
ODFL	D	-0.05%
CPAY	A	-0.05%
UAL	B	-0.05%
CE	D	-0.05%
AFG	B	-0.05%
BALL	B	-0.05%
VMC	D	-0.05%
ACM	B	-0.05%
IPG	C	-0.05%
DOV	C	-0.05%
SSNC	C	-0.05%
ROK	D	-0.05%
WDAY	D	-0.05%
DVA	B	-0.05%
AIZ	A	-0.05%
ILMN	C	-0.04%
UFPI	B	-0.04%
MTD	B	-0.04%
BR	B	-0.04%
HTZ	F	-0.04%
AVY	B	-0.04%
HUN	B	-0.04%
SKX	C	-0.04%
RMD	C	-0.04%
LYV	A	-0.04%
MSCI	B	-0.04%
CHD	B	-0.04%
UTHR	B	-0.04%
FSLR	C	-0.04%
QRVO	F	-0.04%
IT	C	-0.04%
SBAC	B	-0.04%
CHRD	F	-0.04%
XYL	B	-0.04%
H	C	-0.04%
CLX	B	-0.04%
STX	B	-0.04%
LULU	D	-0.04%
HST	D	-0.04%
EFX	D	-0.04%
WDC	C	-0.04%
APP	B	-0.04%
STE	D	-0.04%
EME	C	-0.04%
HII	D	-0.04%
DOX	B	-0.04%
HSIC	C	-0.04%
EW	F	-0.04%
TDY	B	-0.04%
BTU	B	-0.04%
ANET	B	-0.04%
WSM	C	-0.04%
BURL	D	-0.04%
GDDY	D	-0.04%
GRMN	D	-0.04%
MNST	D	-0.04%
OLN	D	-0.04%
MAS	A	-0.04%
TWLO	C	-0.04%
MTDR	F	-0.03%
IAC	C	-0.03%
YUM	B	-0.03%
SNOW	F	-0.03%
AOS	B	-0.03%
TER	D	-0.03%
ANSS	D	-0.03%
CVI	F	-0.03%
VRSN	C	-0.03%
TW	A	-0.03%
DECK	C	-0.03%
LUV	C	-0.03%
ADNT	D	-0.03%
SAIC	B	-0.03%
ALGN	D	-0.03%
ASO	D	-0.03%
POOL	B	-0.03%
BEN	F	-0.03%
BRO	A	-0.03%
AMKR	F	-0.03%
ALV	F	-0.03%
NU	D	-0.03%
CPRT	B	-0.03%
TTWO	F	-0.03%
HUBB	A	-0.03%
WSO	B	-0.03%
FFIV	C	-0.03%
CPB	D	-0.03%
PII	D	-0.03%
MRNA	F	-0.03%
BAH	A	-0.03%
RPM	C	-0.03%
AVTR	D	-0.03%
CBOE	B	-0.03%
DXCM	F	-0.02%
ODP	F	-0.02%
DAN	F	-0.02%
HP	F	-0.02%
AAL	D	-0.02%
ARCH	D	-0.02%
AMR	F	-0.02%
CSGP	F	-0.02%
WST	D	-0.02%
PINS	D	-0.02%