ESML vs. IWR ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares Russell Mid-Cap ETF (IWR)

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

$45.10

Average Daily Volume

88,928

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

IWR

iShares Russell Mid-Cap ETF

IWR Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities. 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 the mid-capitalization sector of the U.S. equity market. The underlying index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000Â® Index.

Grade (RS Rating)

Last Trade

$94.46

Average Daily Volume

1,460,358

Number of Holdings ^*

803

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IWR
30 Days	6.19%	5.29%
60 Days	6.82%	7.26%
90 Days	7.85%	8.75%
12 Months	32.19%	32.54%

330 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IWR	Overlap
AA	A	0.19%	0.09%	0.09%
AAON	B	0.25%	0.08%	0.08%
AAP	D	0.06%	0.02%	0.02%
ACHC	F	0.09%	0.03%	0.03%
ADC	A	0.11%	0.06%	0.06%
ADT	C	0.12%	0.02%	0.02%
AFRM	A	0.23%	0.11%	0.11%
AGCO	D	0.13%	0.05%	0.05%
AGNC	C	0.12%	0.06%	0.06%
AGO	B	0.06%	0.04%	0.04%
AL	B	0.1%	0.04%	0.04%
ALK	B	0.23%	0.06%	0.06%
ALSN	B	0.26%	0.08%	0.08%
AM	A	0.15%	0.04%	0.04%
AMED	F	0.09%	0.02%	0.02%
AMG	B	0.19%	0.05%	0.05%
AN	C	0.07%	0.03%	0.03%
APG	B	0.06%	0.07%	0.06%
APLS	F	0.03%	0.02%	0.02%
APPF	B	0.11%	0.04%	0.04%
AR	B	0.22%	0.07%	0.07%
ARMK	B	0.23%	0.08%	0.08%
ARW	D	0.09%	0.05%	0.05%
ASH	F	0.04%	0.03%	0.03%
ATI	C	0.14%	0.06%	0.06%
ATR	B	0.24%	0.09%	0.09%
AVT	C	0.27%	0.04%	0.04%
AWI	A	0.23%	0.06%	0.06%
AXS	A	0.19%	0.06%	0.06%
AXTA	B	0.27%	0.07%	0.07%
AYI	B	0.34%	0.08%	0.08%
AZEK	A	0.13%	0.05%	0.05%
AZTA	D	0.07%	0.02%	0.02%
BC	C	0.07%	0.04%	0.04%
BERY	C	0.17%	0.06%	0.06%
BFAM	D	0.2%	0.05%	0.05%
BILL	A	0.14%	0.07%	0.07%
BJ	A	0.25%	0.1%	0.1%
BLD	D	0.26%	0.09%	0.09%
BPOP	C	0.08%	0.06%	0.06%
BRBR	A	0.1%	0.08%	0.08%
BRKR	D	0.13%	0.05%	0.05%
BROS	A	0.07%	0.04%	0.04%
BRX	A	0.16%	0.07%	0.07%
BWA	D	0.18%	0.06%	0.06%
BWXT	B	0.3%	0.1%	0.1%
BYD	B	0.06%	0.04%	0.04%
CACI	D	0.21%	0.09%	0.09%
CAR	C	0.06%	0.01%	0.01%
CART	C	0.06%	0.06%	0.06%
CASY	A	0.52%	0.12%	0.12%
CAVA	B	0.13%	0.09%	0.09%
CBSH	B	0.23%	0.07%	0.07%
CC	C	0.05%	0.02%	0.02%
CCCS	B	0.07%	0.04%	0.04%
CFLT	B	0.15%	0.06%	0.06%
CFR	B	0.1%	0.07%	0.07%
CGNX	D	0.1%	0.06%	0.06%
CHDN	B	0.14%	0.08%	0.08%
CHE	D	0.14%	0.07%	0.07%
CHH	A	0.06%	0.03%	0.03%
CIEN	C	0.19%	0.08%	0.08%
CIVI	D	0.05%	0.04%	0.04%
CLF	F	0.06%	0.04%	0.04%
CLH	C	0.06%	0.1%	0.06%
CLVT	D	0.05%	0.01%	0.01%
CMA	B	0.21%	0.07%	0.07%
CNM	D	0.22%	0.07%	0.07%
CNXC	F	0.03%	0.01%	0.01%
COHR	B	0.28%	0.1%	0.1%
COKE	C	0.06%	0.06%	0.06%
COLB	B	0.13%	0.05%	0.05%
COLD	D	0.05%	0.05%	0.05%
COLM	C	0.07%	0.02%	0.02%
CPRI	F	0.03%	0.02%	0.02%
CR	A	0.19%	0.07%	0.07%
CRI	F	0.04%	0.02%	0.02%
CROX	D	0.15%	0.05%	0.05%
CRUS	D	0.15%	0.04%	0.04%
CUBE	C	0.2%	0.09%	0.09%
CUZ	B	0.21%	0.04%	0.04%
CVNA	B	0.48%	0.21%	0.21%
CW	C	0.23%	0.11%	0.11%
CWEN	C	0.05%	0.02%	0.02%
CWEN	C	0.07%	0.02%	0.02%
CWEN	C	0.07%	0.01%	0.01%
CWEN	C	0.05%	0.01%	0.01%
CZR	F	0.14%	0.07%	0.07%
DAR	C	0.19%	0.06%	0.06%
DBX	B	0.16%	0.05%	0.05%
DCI	B	0.25%	0.08%	0.08%
DLB	B	0.16%	0.03%	0.03%
DOCS	C	0.08%	0.05%	0.05%
DTM	A	0.28%	0.08%	0.08%
DUOL	A	0.18%	0.09%	0.09%
DV	C	0.1%	0.02%	0.02%
DXC	B	0.11%	0.03%	0.03%
ECG	C	0.15%	0.02%	0.02%
EGP	D	0.21%	0.07%	0.07%
EHC	B	0.29%	0.08%	0.08%
ELAN	D	0.16%	0.06%	0.06%
ELF	C	0.13%	0.05%	0.05%
ENOV	C	0.08%	0.02%	0.02%
EPR	C	0.05%	0.03%	0.03%
ESI	B	0.14%	0.05%	0.05%
ESTC	C	0.17%	0.06%	0.06%
ETSY	D	0.1%	0.05%	0.05%
EVR	B	0.12%	0.09%	0.09%
EWBC	A	0.4%	0.12%	0.12%
EXP	B	0.06%	0.08%	0.06%
FAF	A	0.16%	0.05%	0.05%
FCN	F	0.19%	0.06%	0.06%
FHN	A	0.23%	0.09%	0.09%
FIVE	F	0.1%	0.04%	0.04%
FIVN	C	0.07%	0.02%	0.02%
FIX	A	0.38%	0.13%	0.13%
FLO	D	0.04%	0.03%	0.03%
FLS	B	0.16%	0.06%	0.06%
FMC	D	0.14%	0.06%	0.06%
FND	D	0.2%	0.09%	0.09%
FOUR	A	0.06%	0.05%	0.05%
FR	D	0.09%	0.06%	0.06%
FRPT	A	0.19%	0.06%	0.06%
FRT	B	0.31%	0.08%	0.08%
FTI	A	0.35%	0.1%	0.1%
FTRE	D	0.05%	0.01%	0.01%
FYBR	C	0.13%	0.07%	0.07%
GAP	C	0.12%	0.04%	0.04%
GL	C	0.12%	0.08%	0.08%
GME	C	0.21%	0.08%	0.08%
GMED	A	0.11%	0.08%	0.08%
GNRC	C	0.22%	0.09%	0.09%
GO	C	0.05%	0.01%	0.01%
GPK	C	0.26%	0.07%	0.07%
GTES	A	0.07%	0.03%	0.03%
GTLB	B	0.15%	0.06%	0.06%
GWRE	A	0.43%	0.13%	0.13%
GXO	B	0.16%	0.06%	0.06%
HAS	D	0.19%	0.07%	0.07%
HAYW	B	0.05%	0.02%	0.02%
HCP	B	0.1%	0.04%	0.04%
HHH	B	0.2%	0.02%	0.02%
HIW	C	0.13%	0.03%	0.03%
HOG	D	0.2%	0.03%	0.03%
HR	B	0.08%	0.05%	0.05%
HRB	D	0.19%	0.07%	0.07%
HXL	F	0.14%	0.04%	0.04%
IBKR	A	0.32%	0.16%	0.16%
INFA	D	0.05%	0.02%	0.02%
INGR	C	0.42%	0.08%	0.08%
INSP	D	0.08%	0.04%	0.04%
IONS	F	0.05%	0.04%	0.04%
IRDM	D	0.12%	0.03%	0.03%
ITCI	C	0.15%	0.07%	0.07%
ITT	A	0.28%	0.1%	0.1%
IVZ	B	0.24%	0.05%	0.05%
JAZZ	B	0.16%	0.06%	0.06%
JEF	A	0.11%	0.11%	0.11%
JHG	B	0.51%	0.05%	0.05%
JLL	D	0.34%	0.1%	0.1%
JWN	D	0.06%	0.02%	0.02%
KBR	F	0.35%	0.06%	0.06%
KD	B	0.1%	0.05%	0.05%
KMPR	A	0.05%	0.04%	0.04%
KNSL	B	0.2%	0.08%	0.08%
KRC	B	0.11%	0.04%	0.04%
KSS	F	0.05%	0.02%	0.02%
LAD	A	0.22%	0.08%	0.08%
LAZ	B	0.17%	0.05%	0.05%
LBRDA	C	0.11%	0.01%	0.01%
LBRDK	C	0.07%	0.08%	0.07%
LCID	F	0.05%	0.02%	0.02%
LEA	F	0.1%	0.04%	0.04%
LECO	C	0.2%	0.09%	0.09%
LEG	F	0.05%	0.01%	0.01%
LFUS	D	0.14%	0.05%	0.05%
LITE	B	0.1%	0.05%	0.05%
LNC	C	0.09%	0.04%	0.04%
LNW	F	0.19%	0.07%	0.07%
LOPE	C	0.05%	0.04%	0.04%
LPX	B	0.17%	0.06%	0.06%
LSCC	D	0.15%	0.06%	0.06%
LSTR	D	0.21%	0.05%	0.05%
LYFT	C	0.11%	0.05%	0.05%
M	F	0.13%	0.04%	0.04%
MAN	F	0.06%	0.02%	0.02%
MASI	B	0.06%	0.06%	0.06%
MAT	D	0.13%	0.05%	0.05%
MDU	D	0.18%	0.03%	0.03%
MEDP	D	0.15%	0.07%	0.07%
MHK	D	0.07%	0.06%	0.06%
MKSI	C	0.14%	0.06%	0.06%
MORN	B	0.18%	0.07%	0.07%
MPW	F	0.05%	0.02%	0.02%
MSA	F	0.17%	0.05%	0.05%
MTG	C	0.23%	0.05%	0.05%
MTN	C	0.2%	0.06%	0.06%
MTSI	B	0.09%	0.06%	0.06%
MTZ	B	0.17%	0.07%	0.07%
MUSA	B	0.34%	0.08%	0.08%
NCLH	B	0.24%	0.09%	0.09%
NCNO	C	0.05%	0.03%	0.03%
NFG	A	0.2%	0.05%	0.05%
NOV	C	0.15%	0.05%	0.05%
NTNX	B	0.36%	0.14%	0.14%
NTRA	A	0.31%	0.14%	0.14%
NVST	B	0.06%	0.03%	0.03%
NVT	B	0.19%	0.1%	0.1%
NWL	C	0.1%	0.03%	0.03%
NXST	C	0.09%	0.04%	0.04%
NYT	D	0.18%	0.07%	0.07%
OGN	F	0.09%	0.03%	0.03%
OHI	C	0.19%	0.08%	0.08%
OLED	F	0.08%	0.06%	0.06%
OLLI	D	0.12%	0.05%	0.05%
OMF	A	0.2%	0.05%	0.05%
ONTO	F	0.21%	0.06%	0.06%
ORI	A	0.13%	0.08%	0.08%
OSK	C	0.3%	0.06%	0.06%
OWL	A	0.06%	0.09%	0.06%
OZK	B	0.14%	0.04%	0.04%
PATH	C	0.11%	0.05%	0.05%
PCOR	B	0.17%	0.06%	0.06%
PCTY	C	0.2%	0.07%	0.07%
PEGA	B	0.11%	0.03%	0.03%
PEN	B	0.17%	0.07%	0.07%
PENN	C	0.05%	0.03%	0.03%
PINC	B	0.14%	0.02%	0.02%
PK	C	0.06%	0.02%	0.02%
PLNT	A	0.2%	0.07%	0.07%
PNFP	B	0.3%	0.08%	0.08%
POST	C	0.09%	0.04%	0.04%
PR	B	0.19%	0.08%	0.08%
PRGO	C	0.07%	0.03%	0.03%
PRI	B	0.23%	0.09%	0.09%
PSN	D	0.1%	0.04%	0.04%
PVH	C	0.16%	0.05%	0.05%
PYCR	B	0.06%	0.01%	0.01%
QDEL	F	0.04%	0.02%	0.02%
QS	F	0.04%	0.01%	0.01%
R	B	0.29%	0.06%	0.06%
RARE	F	0.07%	0.03%	0.03%
RCM	A	0.06%	0.02%	0.02%
REXR	F	0.31%	0.07%	0.07%
RGA	A	0.3%	0.13%	0.13%
RGEN	D	0.16%	0.06%	0.06%
RGLD	C	0.29%	0.08%	0.08%
RH	C	0.06%	0.04%	0.04%
RHI	C	0.21%	0.06%	0.06%
RKT	F	0.04%	0.02%	0.02%
RL	C	0.09%	0.07%	0.07%
RLI	A	0.2%	0.06%	0.06%
RNG	C	0.05%	0.02%	0.02%
RNR	C	0.24%	0.11%	0.11%
ROIV	C	0.06%	0.04%	0.04%
RRC	B	0.25%	0.07%	0.07%
RRX	B	0.15%	0.09%	0.09%
RYAN	A	0.14%	0.06%	0.06%
RYN	D	0.05%	0.04%	0.04%
S	B	0.12%	0.06%	0.06%
SAIA	B	0.28%	0.11%	0.11%
SCI	B	0.27%	0.1%	0.1%
SEE	C	0.07%	0.04%	0.04%
SF	B	0.18%	0.09%	0.09%
SHC	F	0.05%	0.02%	0.02%
SITE	F	0.16%	0.05%	0.05%
SLM	A	0.16%	0.04%	0.04%
SMAR	B	0.14%	0.06%	0.06%
SNDR	B	0.19%	0.01%	0.01%
SNV	C	0.3%	0.07%	0.07%
SNX	D	0.08%	0.07%	0.07%
SOFI	B	0.22%	0.12%	0.12%
SON	F	0.11%	0.04%	0.04%
SPB	C	0.08%	0.02%	0.02%
SPR	D	0.05%	0.03%	0.03%
SRPT	F	0.18%	0.08%	0.08%
SSD	F	0.1%	0.06%	0.06%
ST	F	0.08%	0.04%	0.04%
STWD	C	0.1%	0.05%	0.05%
TDC	D	0.1%	0.02%	0.02%
THC	D	0.23%	0.12%	0.12%
THG	A	0.18%	0.05%	0.05%
THO	B	0.12%	0.05%	0.05%
TKO	A	0.16%	0.08%	0.08%
TNL	A	0.16%	0.03%	0.03%
TOL	B	0.27%	0.13%	0.13%
TPR	B	0.29%	0.11%	0.11%
TPX	B	0.14%	0.08%	0.08%
TREX	C	0.07%	0.06%	0.06%
TTEK	F	0.16%	0.09%	0.09%
TXG	F	0.03%	0.01%	0.01%
TXRH	B	0.11%	0.11%	0.11%
U	C	0.09%	0.04%	0.04%
UAA	C	0.05%	0.02%	0.02%
UGI	C	0.24%	0.04%	0.04%
UNM	A	0.25%	0.1%	0.1%
USFD	A	0.49%	0.12%	0.12%
VAC	C	0.08%	0.03%	0.03%
VFC	C	0.18%	0.06%	0.06%
VKTX	F	0.11%	0.04%	0.04%
VMI	B	0.13%	0.06%	0.06%
VNO	C	0.09%	0.06%	0.06%
VNOM	A	0.06%	0.04%	0.04%
VNT	C	0.15%	0.05%	0.05%
VOYA	B	0.16%	0.07%	0.07%
VSTS	C	0.05%	0.02%	0.02%
VVV	D	0.17%	0.05%	0.05%
W	D	0.06%	0.03%	0.03%
WAL	B	0.22%	0.08%	0.08%
WBS	A	0.27%	0.09%	0.09%
WCC	B	0.24%	0.07%	0.07%
WEN	D	0.09%	0.03%	0.03%
WEX	D	0.25%	0.06%	0.06%
WFRD	D	0.15%	0.05%	0.05%
WH	B	0.15%	0.06%	0.06%
WHR	B	0.2%	0.05%	0.05%
WING	D	0.19%	0.08%	0.08%
WMS	F	0.21%	0.08%	0.08%
WOLF	F	0.03%	0.01%	0.01%
WSC	F	0.17%	0.05%	0.05%
WTFC	A	0.07%	0.07%	0.07%
WTM	A	0.13%	0.04%	0.04%
WU	F	0.07%	0.02%	0.02%
WWD	C	0.19%	0.08%	0.08%
X	B	0.14%	0.07%	0.07%
XPO	B	0.33%	0.14%	0.14%
XRAY	F	0.05%	0.03%	0.03%
YETI	D	0.12%	0.03%	0.03%
ZI	D	0.09%	0.03%	0.03%
ZION	B	0.2%	0.07%	0.07%

ESML Overweight 576 Positions Relative to IWR

Symbol	Grade	Weight
SFM	A	0.43%
FLEX	B	0.33%
OGS	A	0.31%
GBCI	B	0.3%
BMI	B	0.3%
SIGI	C	0.29%
SUM	B	0.28%
CNX	A	0.28%
UMBF	B	0.27%
SSB	B	0.27%
MWA	B	0.25%
PRGS	A	0.24%
FTAI	A	0.24%
MOG.A	B	0.24%
HRI	C	0.24%
REZI	A	0.23%
EXLS	B	0.23%
FTDR	B	0.22%
FELE	B	0.22%
CMC	B	0.22%
CVLT	B	0.22%
CDP	C	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
NJR	A	0.21%
ITRI	C	0.2%
CNO	B	0.2%
BDC	C	0.2%
FBP	C	0.2%
KBH	D	0.2%
TGNA	B	0.2%
BHLB	B	0.2%
ENSG	C	0.2%
WK	B	0.2%
ZWS	B	0.2%
AVA	A	0.19%
LUMN	C	0.19%
ONB	C	0.19%
GPI	B	0.19%
NOVT	D	0.19%
RHP	B	0.19%
BANR	B	0.18%
SPXC	A	0.18%
GKOS	B	0.18%
KNTK	A	0.18%
EPRT	B	0.18%
ENLC	A	0.18%
MTH	D	0.17%
AEIS	C	0.17%
CHX	C	0.17%
FN	C	0.17%
PCH	F	0.17%
TMHC	C	0.17%
PLXS	B	0.17%
ASB	B	0.17%
UBSI	B	0.17%
GATX	A	0.17%
KTB	B	0.16%
MYRG	B	0.16%
EAT	A	0.16%
HQY	A	0.16%
SPSC	D	0.16%
ACIW	B	0.16%
BCC	B	0.16%
BHE	C	0.16%
VLY	B	0.15%
CADE	B	0.15%
CPF	B	0.15%
MMSI	A	0.15%
FSS	B	0.15%
ANF	F	0.15%
FIBK	B	0.15%
CRS	B	0.15%
HNI	B	0.15%
MOD	A	0.15%
BECN	B	0.14%
GTLS	A	0.14%
SR	A	0.14%
TPH	D	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	B	0.14%
IBCP	B	0.14%
IDCC	B	0.14%
ASGN	F	0.14%
JXN	C	0.14%
NSIT	F	0.13%
AVAV	C	0.13%
HESM	B	0.13%
EPAC	C	0.13%
AIT	B	0.13%
STRL	A	0.13%
CBT	D	0.13%
PDCO	F	0.13%
LRN	A	0.13%
KNF	B	0.13%
KLIC	B	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CYTK	F	0.13%
CPK	A	0.13%
MUR	D	0.13%
BOX	B	0.13%
NPO	A	0.13%
BCPC	B	0.13%
CABO	B	0.13%
CVBF	A	0.12%
DFIN	D	0.12%
QTWO	A	0.12%
KOS	D	0.12%
RKLB	A	0.12%
WGO	C	0.12%
WHD	B	0.12%
BLKB	B	0.12%
ABG	C	0.12%
CRDO	B	0.12%
WERN	C	0.12%
MTX	B	0.12%
HAE	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
ORA	B	0.11%
ABCB	B	0.11%
AUB	B	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%
MRCY	C	0.11%
HALO	F	0.11%
KAR	B	0.11%
VC	F	0.1%
RXO	D	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%
TENB	C	0.1%
ALKS	C	0.1%
TRN	B	0.1%
FA	C	0.1%
CAC	C	0.1%
FUL	F	0.1%
VECO	F	0.1%
NXT	C	0.1%
SLG	B	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%
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%
LNTH	D	0.1%
RNA	C	0.09%
ABM	B	0.09%
NMIH	C	0.09%
UPST	B	0.09%
KFY	B	0.09%
CNK	C	0.09%
SHAK	C	0.09%
RDN	D	0.09%
MGRC	B	0.09%
CURB	D	0.09%
SLAB	F	0.09%
OPCH	D	0.09%
ESE	B	0.09%
SJW	F	0.09%
ATKR	D	0.09%
HWC	B	0.09%
MARA	B	0.09%
CRVL	B	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
POWL	C	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%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	B	0.08%
IESC	C	0.08%
BL	B	0.08%
TILE	B	0.08%
TBBK	B	0.08%
IOSP	C	0.08%
ACLX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
INTA	B	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%
TDS	B	0.08%
PIPR	A	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	C	0.08%
AEO	F	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%
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	B	0.07%
SKT	A	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
UEC	B	0.07%
GT	C	0.07%
HGV	C	0.07%
ESRT	C	0.07%
PECO	A	0.07%
HAFC	B	0.07%
VSCO	C	0.07%
CWK	C	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%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
HIMS	B	0.07%
HWKN	B	0.07%
GH	B	0.07%
XHR	B	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
CTS	C	0.07%
WRBY	A	0.07%
PI	D	0.07%
SXT	C	0.07%
NWN	A	0.07%
AZZ	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	F	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
TMCI	C	0.06%
DLX	B	0.06%
CLSK	C	0.06%
IRON	B	0.06%
PRO	C	0.06%
DCO	C	0.06%
VERA	C	0.06%
RBBN	C	0.06%
VRTS	B	0.06%
PBF	D	0.06%
SATS	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%
VRNT	C	0.06%
POWI	F	0.06%
CMCO	C	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	C	0.06%
ATEN	A	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%
CAKE	C	0.06%
RUSHB	C	0.06%
KROS	D	0.06%
FL	F	0.06%
VREX	B	0.06%
ANDE	D	0.06%
FROG	C	0.06%
SFBS	C	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
BOOT	C	0.06%
SMTC	B	0.06%
PLUS	F	0.06%
PPBI	C	0.06%
ACVA	B	0.06%
SM	B	0.06%
FLYW	B	0.06%
IDYA	F	0.06%
HURN	C	0.06%
EYE	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%
BKU	A	0.06%
AVDX	B	0.06%
FRSH	B	0.06%
KE	C	0.06%
ENV	B	0.06%
FUN	C	0.06%
KREF	C	0.06%
VRNS	D	0.06%
MRUS	F	0.06%
VRDN	D	0.06%
VERX	A	0.06%
PDM	D	0.06%
PAHC	C	0.06%
UPBD	B	0.06%
CALM	A	0.06%
IBOC	B	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	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%
ALRM	C	0.05%
PLOW	D	0.05%
DOCN	C	0.05%
ARKO	C	0.05%
CECO	B	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
GOGO	C	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
BASE	B	0.05%
WNC	C	0.05%
MLTX	B	0.05%
SLNO	C	0.05%
INVX	C	0.05%
ASAN	B	0.05%
MLNK	C	0.05%
MODG	F	0.05%
AI	B	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%
DGII	C	0.05%
REVG	C	0.05%
PRAA	D	0.05%
HAIN	D	0.05%
INFN	D	0.05%
MRC	B	0.05%
MNRO	D	0.05%
WKC	C	0.05%
SMP	C	0.05%
VITL	D	0.05%
ELVN	D	0.05%
MTTR	B	0.05%
KYMR	D	0.05%
EMBC	C	0.05%
NEO	C	0.05%
SLVM	B	0.05%
XPRO	D	0.05%
RAMP	B	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	C	0.05%
BGC	C	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
IART	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%
MDGL	B	0.05%
ASTE	C	0.05%
CUBI	B	0.05%
ARWR	D	0.05%
KVYO	C	0.05%
UFPT	C	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
TNC	D	0.05%
ARQT	B	0.05%
GEF	A	0.05%
NUVL	C	0.05%
YELP	C	0.05%
JBGS	F	0.05%
RUSHA	C	0.05%
MXL	C	0.05%
COOP	B	0.05%
CALX	D	0.05%
NBHC	C	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	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%
FORM	D	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%
XRX	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	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%
NABL	F	0.04%
MTUS	C	0.04%
MMS	F	0.04%
AMN	F	0.04%
OSCR	D	0.04%
AMC	C	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%
ARLO	C	0.04%
ALEC	F	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	F	0.04%
IVR	F	0.04%
BRZE	C	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%
AHH	D	0.04%
EPC	F	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
ANAB	F	0.03%
MEG	F	0.03%
SITC	D	0.03%
CDNA	D	0.03%
SVRA	F	0.03%
PHAT	F	0.03%
CRMT	D	0.03%
CCRN	F	0.03%
MYGN	F	0.03%
ETWO	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%
VSAT	F	0.02%
DEI	B	0.02%
SEDG	F	0.02%
ASPN	F	0.02%
GDOT	D	0.01%
MAGN	D	0.01%

ESML Underweight 475 Positions Relative to IWR

Symbol	Grade	Weight
PLTR	B	-1.09%
APP	B	-0.63%
WMB	A	-0.57%
OKE	A	-0.53%
AJG	A	-0.52%
AFL	B	-0.51%
COIN	C	-0.5%
HLT	A	-0.5%
BK	A	-0.48%
DLR	B	-0.48%
SPG	A	-0.48%
URI	C	-0.46%
AMP	A	-0.46%
RCL	A	-0.45%
KMI	A	-0.44%
MSTR	B	-0.44%
FICO	B	-0.44%
ALL	A	-0.43%
TTD	B	-0.43%
GWW	B	-0.42%
O	C	-0.41%
CMI	A	-0.41%
FIS	C	-0.41%
LNG	A	-0.4%
VST	A	-0.4%
FAST	B	-0.39%
SQ	A	-0.39%
PWR	A	-0.39%
DHI	F	-0.39%
MSCI	C	-0.38%
KVUE	A	-0.38%
PRU	A	-0.38%
PAYX	B	-0.38%
ROST	D	-0.38%
LHX	C	-0.38%
PEG	A	-0.37%
AME	A	-0.37%
PCG	A	-0.37%
CCI	C	-0.37%
HWM	A	-0.37%
EA	A	-0.36%
VRT	B	-0.36%
DFS	B	-0.36%
ODFL	C	-0.35%
BKR	A	-0.35%
AXON	A	-0.35%
TRGP	A	-0.35%
DAL	B	-0.34%
IR	B	-0.34%
CBRE	B	-0.33%
COR	B	-0.33%
VRSK	A	-0.33%
OTIS	C	-0.33%
LEN	D	-0.33%
FERG	B	-0.33%
HES	B	-0.33%
CTSH	B	-0.32%
KR	B	-0.32%
CTVA	C	-0.32%
XEL	A	-0.32%
EXC	C	-0.32%
IT	C	-0.32%
GEHC	D	-0.31%
A	D	-0.31%
SYY	D	-0.31%
YUM	D	-0.31%
DDOG	A	-0.31%
HPQ	B	-0.3%
CHTR	C	-0.3%
ACGL	C	-0.3%
VMC	B	-0.3%
IDXX	F	-0.29%
IQV	F	-0.29%
NUE	C	-0.29%
GIS	D	-0.29%
GLW	B	-0.29%
MTB	A	-0.29%
MLM	C	-0.29%
ED	C	-0.28%
IRM	C	-0.28%
WAB	B	-0.28%
RMD	C	-0.28%
DD	C	-0.28%
EXR	C	-0.28%
HIG	B	-0.28%
GRMN	B	-0.27%
NDAQ	A	-0.27%
AVB	B	-0.27%
ROK	C	-0.27%
VICI	C	-0.27%
HUBS	A	-0.27%
HUM	C	-0.27%
FANG	C	-0.27%
MCHP	F	-0.27%
DOW	F	-0.26%
WEC	A	-0.26%
EBAY	D	-0.26%
VEEV	C	-0.26%
ETR	B	-0.26%
EIX	B	-0.26%
WTW	B	-0.26%
FITB	B	-0.26%
UAL	A	-0.25%
CNC	D	-0.25%
DXCM	C	-0.25%
RJF	A	-0.25%
EFX	F	-0.25%
ARES	A	-0.25%
TTWO	A	-0.25%
PPG	F	-0.24%
STT	B	-0.24%
CSGP	D	-0.24%
CAH	B	-0.24%
ANSS	B	-0.24%
XYL	D	-0.24%
GPN	B	-0.24%
TSCO	D	-0.24%
ALNY	D	-0.24%
HPE	B	-0.23%
DOV	A	-0.23%
EQR	C	-0.23%
ON	D	-0.23%
CPNG	D	-0.23%
HAL	C	-0.22%
AWK	C	-0.22%
BRO	B	-0.22%
FCNCA	A	-0.22%
FTV	C	-0.22%
PHM	D	-0.22%
CHD	A	-0.22%
SW	A	-0.22%
DECK	A	-0.22%
BR	A	-0.22%
NET	B	-0.22%
MPWR	F	-0.22%
PPL	A	-0.21%
MTD	F	-0.21%
HSY	F	-0.21%
EQT	B	-0.21%
TYL	B	-0.21%
VLTO	C	-0.21%
ADM	D	-0.21%
TPL	A	-0.21%
HBAN	A	-0.21%
SYF	B	-0.21%
VTR	B	-0.21%
GDDY	A	-0.21%
RBLX	C	-0.21%
NVR	D	-0.21%
TROW	B	-0.21%
KEYS	A	-0.21%
SBAC	D	-0.2%
CDW	F	-0.2%
FE	C	-0.2%
NTAP	C	-0.2%
DVN	F	-0.2%
RF	A	-0.2%
CCL	A	-0.2%
AEE	A	-0.2%
DTE	C	-0.2%
CPAY	A	-0.2%
PTC	B	-0.19%
WY	F	-0.19%
WST	C	-0.19%
EXPE	B	-0.19%
ZBH	C	-0.19%
EME	A	-0.19%
BIIB	F	-0.19%
CINF	A	-0.19%
LPLA	A	-0.19%
HUBB	B	-0.19%
ZM	C	-0.18%
NTRS	A	-0.18%
HOOD	B	-0.18%
LYB	F	-0.18%
ILMN	C	-0.18%
EXE	A	-0.18%
STE	D	-0.18%
LDOS	C	-0.18%
ES	C	-0.18%
TDY	B	-0.18%
ATO	A	-0.18%
MKL	A	-0.18%
IFF	D	-0.18%
WBD	B	-0.18%
FSLR	F	-0.17%
CMS	C	-0.17%
LYV	A	-0.17%
WDC	D	-0.17%
CSL	C	-0.17%
INVH	D	-0.17%
STLD	B	-0.17%
CLX	A	-0.17%
PKG	A	-0.17%
CBOE	C	-0.17%
WAT	C	-0.17%
K	A	-0.17%
CFG	B	-0.17%
BLDR	D	-0.17%
CTRA	B	-0.16%
NRG	B	-0.16%
BAH	F	-0.16%
ESS	B	-0.16%
COO	D	-0.16%
LUV	C	-0.16%
LII	A	-0.16%
CNP	A	-0.16%
ZBRA	B	-0.16%
MDB	B	-0.16%
LH	B	-0.16%
DRI	B	-0.16%
PFG	D	-0.16%
BBY	D	-0.16%
IP	A	-0.16%
RS	B	-0.15%
KEY	B	-0.15%
DGX	A	-0.15%
WRB	A	-0.15%
HOLX	D	-0.15%
WSO	A	-0.15%
DKNG	B	-0.15%
TOST	B	-0.15%
TSN	B	-0.15%
PODD	C	-0.15%
ARE	F	-0.15%
MAA	B	-0.15%
FDS	B	-0.15%
SNA	A	-0.15%
ZS	B	-0.15%
TRU	D	-0.15%
MKC	C	-0.15%
BALL	F	-0.15%
OMC	C	-0.15%
NI	A	-0.14%
KIM	A	-0.14%
TWLO	A	-0.14%
WSM	C	-0.14%
DG	F	-0.14%
MANH	D	-0.14%
OC	A	-0.14%
ALGN	D	-0.14%
FWONK	A	-0.14%
LVS	B	-0.14%
EXPD	C	-0.14%
PINS	F	-0.14%
HEI	A	-0.14%
GPC	D	-0.14%
BURL	B	-0.14%
MOH	F	-0.14%
TRMB	B	-0.14%
RPM	A	-0.14%
IEX	C	-0.14%
MAS	D	-0.14%
J	D	-0.14%
PNR	A	-0.14%
ULTA	F	-0.14%
VTRS	A	-0.13%
FNF	B	-0.13%
VRSN	C	-0.13%
DT	D	-0.13%
SUI	C	-0.13%
LNT	A	-0.13%
SSNC	B	-0.13%
AVY	F	-0.13%
UTHR	C	-0.13%
CF	A	-0.13%
TXT	D	-0.13%
EG	C	-0.13%
MRO	B	-0.13%
TER	F	-0.13%
DOCU	B	-0.13%
GEN	B	-0.13%
BAX	F	-0.13%
ROL	B	-0.12%
AVTR	F	-0.12%
EQH	C	-0.12%
JBL	C	-0.12%
EVRG	A	-0.12%
APTV	F	-0.12%
NDSN	B	-0.12%
ACM	B	-0.12%
UDR	B	-0.12%
DOC	C	-0.12%
AMCR	C	-0.12%
ENTG	D	-0.12%
PSTG	D	-0.12%
DPZ	C	-0.12%
JBHT	C	-0.12%
TW	A	-0.12%
L	A	-0.12%
GGG	B	-0.12%
PFGC	B	-0.11%
CHRW	B	-0.11%
GLPI	C	-0.11%
DLTR	F	-0.11%
EPAM	B	-0.11%
ELS	C	-0.11%
SWK	D	-0.11%
AKAM	D	-0.11%
SWKS	F	-0.11%
POOL	C	-0.11%
RVTY	F	-0.11%
REG	A	-0.11%
FFIV	B	-0.11%
OVV	B	-0.1%
Z	A	-0.1%
UHS	D	-0.1%
NBIX	C	-0.1%
OKTA	C	-0.1%
EMN	C	-0.1%
JNPR	D	-0.1%
HEI	A	-0.1%
BMRN	F	-0.1%
HST	C	-0.1%
INCY	C	-0.1%
WPC	C	-0.1%
ALB	B	-0.1%
ALLE	C	-0.1%
KMX	B	-0.1%
BXP	C	-0.1%
CPT	B	-0.1%
JKHY	D	-0.1%
CAG	F	-0.1%
BG	D	-0.1%
AMH	C	-0.1%
PNW	A	-0.09%
FOXA	A	-0.09%
TECH	F	-0.09%
CCK	D	-0.09%
CTLT	C	-0.09%
LW	C	-0.09%
NWSA	A	-0.09%
LAMR	C	-0.09%
TAP	C	-0.09%
SJM	D	-0.09%
CG	B	-0.09%
DKS	D	-0.09%
PAYC	B	-0.09%
DAY	B	-0.09%
AIZ	A	-0.09%
TFX	F	-0.08%
FBIN	D	-0.08%
SMCI	F	-0.08%
WYNN	C	-0.08%
SOLV	D	-0.08%
AAL	B	-0.08%
CRL	D	-0.08%
CNH	C	-0.08%
DOX	D	-0.08%
MKTX	D	-0.08%
HLI	A	-0.08%
WTRG	B	-0.08%
NLY	C	-0.08%
AFG	A	-0.08%
ALLY	C	-0.08%
AES	F	-0.08%
EXEL	B	-0.08%
LKQ	F	-0.08%
RPRX	D	-0.08%
IPG	D	-0.08%
CHRD	D	-0.07%
MTCH	D	-0.07%
ACI	C	-0.07%
SEIC	B	-0.07%
SKX	D	-0.07%
CE	F	-0.07%
DVA	C	-0.07%
APA	D	-0.07%
CPB	D	-0.07%
RIVN	F	-0.07%
MOS	F	-0.07%
HRL	D	-0.07%
TTC	C	-0.07%
GLOB	B	-0.07%
OGE	A	-0.07%
AOS	F	-0.07%
MGM	D	-0.07%
ROKU	D	-0.07%
KNX	C	-0.07%
HSIC	C	-0.07%
RBC	A	-0.07%
EXAS	D	-0.07%
H	B	-0.06%
SN	D	-0.06%
MTDR	B	-0.06%
GNTX	C	-0.06%
ESAB	C	-0.06%
BBWI	C	-0.06%
MIDD	C	-0.06%
PB	B	-0.06%
KEX	B	-0.06%
HII	F	-0.06%
NNN	C	-0.06%
G	B	-0.06%
ENPH	F	-0.06%
RITM	C	-0.05%
FOX	A	-0.05%
FNB	A	-0.05%
IDA	A	-0.05%
WBA	F	-0.05%
UHAL	D	-0.05%
BEN	C	-0.05%
BIO	C	-0.05%
QRVO	F	-0.05%
SIRI	C	-0.05%
SAIC	F	-0.05%
PARA	C	-0.05%
BSY	F	-0.05%
STAG	D	-0.05%
DINO	D	-0.05%
AZPN	A	-0.05%
EEFT	B	-0.04%
SLGN	A	-0.04%
CELH	F	-0.04%
OLN	F	-0.04%
TKR	D	-0.04%
TPG	A	-0.04%
AMTM	D	-0.03%
BHF	C	-0.03%
SMG	C	-0.03%
HUN	F	-0.03%
ZG	A	-0.03%
PII	F	-0.03%
FHB	B	-0.03%
IAC	F	-0.03%
NWS	A	-0.03%
DNB	B	-0.03%
NEU	D	-0.03%
MSM	C	-0.03%
LINE	F	-0.03%
GFS	C	-0.03%
MSGS	A	-0.03%
WLK	D	-0.03%
ALAB	B	-0.02%
LBTYK	A	-0.02%
LBTYA	F	-0.02%
IPGP	D	-0.02%
PPC	C	-0.02%
ALGM	D	-0.02%
MP	C	-0.02%
AGR	A	-0.02%
BOKF	B	-0.02%
CXT	C	-0.02%
COTY	F	-0.02%
CACC	D	-0.02%
SAM	C	-0.02%
VIRT	A	-0.02%
AMKR	D	-0.02%
PAG	B	-0.02%
SNRE	D	-0.02%
NSA	C	-0.02%
LLYVK	A	-0.02%
UWMC	D	-0.01%
PLTK	B	-0.01%
SEB	F	-0.01%
TFSL	A	-0.01%
LOAR	B	-0.01%
CNA	C	-0.01%
AS	A	-0.01%
CERT	F	-0.01%
DDS	B	-0.01%
LLYVA	A	-0.01%
UI	B	-0.01%
REYN	D	-0.01%
TRIP	F	-0.01%
DJT	C	-0.01%
FWONA	A	-0.01%
UA	C	-0.01%
LEN	D	-0.01%
BIRK	D	-0.01%
PARAA	B	-0.0%
SEG	B	-0.0%
GRAL	B	-0.0%
UHAL	D	-0.0%
NFE	D	-0.0%