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

$41.09

Average Daily Volume

110,457

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

$87.25

Average Daily Volume

1,149,889

Number of Holdings ^*

802

* may have additional holdings in another (foreign) market

Performance

Period	ESML	IWR
30 Days	1.24%	2.24%
60 Days	-0.18%	6.91%
90 Days	8.35%	8.60%
12 Months	27.41%	30.33%

329 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in IWR	Overlap
AA	B	0.19%	0.08%	0.08%
AAON	B	0.21%	0.06%	0.06%
AAP	F	0.06%	0.02%	0.02%
ACHC	F	0.19%	0.05%	0.05%
ADC	B	0.12%	0.06%	0.06%
ADT	D	0.13%	0.02%	0.02%
AFRM	C	0.19%	0.08%	0.08%
AGCO	D	0.15%	0.05%	0.05%
AGNC	C	0.13%	0.07%	0.07%
AGO	B	0.05%	0.04%	0.04%
AL	D	0.1%	0.04%	0.04%
ALK	C	0.21%	0.05%	0.05%
ALSN	A	0.22%	0.07%	0.07%
AM	A	0.16%	0.04%	0.04%
AMED	D	0.1%	0.03%	0.03%
AMG	B	0.18%	0.05%	0.05%
AN	D	0.08%	0.04%	0.04%
APG	F	0.06%	0.06%	0.06%
APLS	F	0.04%	0.02%	0.02%
APPF	C	0.12%	0.05%	0.05%
AR	B	0.21%	0.07%	0.07%
ARMK	B	0.24%	0.09%	0.09%
ARW	C	0.11%	0.06%	0.06%
ASH	F	0.05%	0.04%	0.04%
ATI	C	0.18%	0.07%	0.07%
ATR	A	0.23%	0.09%	0.09%
AVT	C	0.29%	0.04%	0.04%
AWI	A	0.21%	0.05%	0.05%
AXS	A	0.18%	0.05%	0.05%
AXTA	C	0.26%	0.07%	0.07%
AYI	A	0.29%	0.08%	0.08%
AZEK	C	0.14%	0.06%	0.06%
AZTA	F	0.08%	0.02%	0.02%
BC	D	0.08%	0.05%	0.05%
BERY	C	0.18%	0.07%	0.07%
BFAM	B	0.28%	0.07%	0.07%
BILL	D	0.09%	0.04%	0.04%
BJ	C	0.25%	0.1%	0.1%
BLD	D	0.3%	0.11%	0.11%
BPOP	D	0.08%	0.06%	0.06%
BRBR	A	0.09%	0.07%	0.07%
BRKR	D	0.17%	0.06%	0.06%
BROS	F	0.05%	0.03%	0.03%
BRX	C	0.16%	0.07%	0.07%
BWA	C	0.19%	0.07%	0.07%
BWXT	A	0.26%	0.09%	0.09%
BYD	C	0.06%	0.04%	0.04%
CACI	A	0.22%	0.1%	0.1%
CAR	F	0.05%	0.01%	0.01%
CART	C	0.06%	0.06%	0.06%
CASY	D	0.5%	0.12%	0.12%
CAVA	C	0.12%	0.08%	0.08%
CBSH	D	0.2%	0.06%	0.06%
CC	D	0.06%	0.03%	0.03%
CCCS	D	0.07%	0.04%	0.04%
CFLT	F	0.11%	0.04%	0.04%
CFR	D	0.08%	0.05%	0.05%
CGNX	F	0.11%	0.06%	0.06%
CHDN	D	0.13%	0.08%	0.08%
CHE	C	0.15%	0.08%	0.08%
CHH	C	0.05%	0.03%	0.03%
CIEN	A	0.18%	0.08%	0.08%
CIVI	F	0.06%	0.04%	0.04%
CLF	F	0.07%	0.05%	0.05%
CLH	C	0.06%	0.11%	0.06%
CLVT	D	0.08%	0.02%	0.02%
CMA	C	0.19%	0.06%	0.06%
CNM	F	0.25%	0.07%	0.07%
CNXC	F	0.04%	0.02%	0.02%
COHR	A	0.27%	0.1%	0.1%
COKE	C	0.06%	0.07%	0.06%
COLB	C	0.12%	0.05%	0.05%
COLD	D	0.07%	0.07%	0.07%
COLM	D	0.07%	0.02%	0.02%
CPRI	B	0.07%	0.04%	0.04%
CR	C	0.19%	0.07%	0.07%
CRI	D	0.05%	0.02%	0.02%
CROX	C	0.23%	0.07%	0.07%
CRUS	D	0.18%	0.05%	0.05%
CUBE	C	0.23%	0.1%	0.1%
CUZ	C	0.22%	0.04%	0.04%
CVNA	A	0.36%	0.16%	0.16%
CW	A	0.22%	0.11%	0.11%
CWEN	C	0.06%	0.01%	0.01%
CWEN	C	0.08%	0.02%	0.02%
CWEN	C	0.06%	0.02%	0.02%
CWEN	C	0.08%	0.01%	0.01%
CZR	B	0.16%	0.08%	0.08%
DAR	F	0.18%	0.05%	0.05%
DBX	B	0.15%	0.05%	0.05%
DCI	C	0.25%	0.08%	0.08%
DLB	C	0.17%	0.04%	0.04%
DOCS	A	0.07%	0.05%	0.05%
DTM	A	0.23%	0.07%	0.07%
DUOL	B	0.16%	0.09%	0.09%
DV	F	0.09%	0.02%	0.02%
DXC	B	0.1%	0.03%	0.03%
EGP	D	0.23%	0.08%	0.08%
EHC	B	0.29%	0.08%	0.08%
ELAN	C	0.17%	0.06%	0.06%
ELF	F	0.13%	0.05%	0.05%
ENOV	F	0.08%	0.02%	0.02%
EPR	C	0.06%	0.03%	0.03%
ESI	C	0.14%	0.05%	0.05%
ESTC	F	0.16%	0.05%	0.05%
ETSY	F	0.11%	0.05%	0.05%
EVR	C	0.1%	0.08%	0.08%
EWBC	D	0.33%	0.09%	0.09%
EXP	B	0.06%	0.08%	0.06%
FAF	C	0.17%	0.06%	0.06%
FCN	C	0.23%	0.07%	0.07%
FHN	D	0.19%	0.07%	0.07%
FIVE	D	0.12%	0.04%	0.04%
FIVN	F	0.05%	0.02%	0.02%
FIX	B	0.36%	0.12%	0.12%
FLO	D	0.05%	0.04%	0.04%
FLS	B	0.15%	0.06%	0.06%
FMC	C	0.18%	0.07%	0.07%
FND	C	0.24%	0.11%	0.11%
FOUR	B	0.06%	0.05%	0.05%
FR	D	0.1%	0.06%	0.06%
FRPT	C	0.18%	0.05%	0.05%
FRT	D	0.32%	0.08%	0.08%
FTI	B	0.33%	0.1%	0.1%
FTRE	F	0.05%	0.01%	0.01%
FYBR	C	0.14%	0.07%	0.07%
GAP	F	0.12%	0.04%	0.04%
GL	C	0.13%	0.08%	0.08%
GME	D	0.18%	0.07%	0.07%
GMED	D	0.1%	0.07%	0.07%
GNRC	B	0.19%	0.08%	0.08%
GO	F	0.05%	0.01%	0.01%
GPK	D	0.29%	0.08%	0.08%
GTES	C	0.06%	0.03%	0.03%
GTLB	D	0.14%	0.05%	0.05%
GWRE	A	0.41%	0.13%	0.13%
GXO	D	0.15%	0.05%	0.05%
HAS	B	0.22%	0.09%	0.09%
HAYW	C	0.05%	0.02%	0.02%
HCP	A	0.1%	0.04%	0.04%
HHH	C	0.2%	0.02%	0.02%
HIW	C	0.15%	0.03%	0.03%
HOG	D	0.24%	0.04%	0.04%
HR	D	0.09%	0.06%	0.06%
HRB	C	0.21%	0.07%	0.07%
HXL	F	0.15%	0.04%	0.04%
IBKR	A	0.26%	0.13%	0.13%
INFA	D	0.05%	0.01%	0.01%
INGR	B	0.41%	0.08%	0.08%
INSP	C	0.1%	0.05%	0.05%
IONS	F	0.05%	0.05%	0.05%
IRDM	B	0.13%	0.03%	0.03%
ITCI	D	0.14%	0.06%	0.06%
ITT	C	0.3%	0.1%	0.1%
IVZ	B	0.25%	0.05%	0.05%
JAZZ	F	0.15%	0.06%	0.06%
JEF	A	0.09%	0.09%	0.09%
JHG	B	0.45%	0.04%	0.04%
JLL	C	0.38%	0.11%	0.11%
JWN	D	0.06%	0.02%	0.02%
KBR	B	0.4%	0.08%	0.08%
KD	D	0.09%	0.04%	0.04%
KMPR	D	0.05%	0.03%	0.03%
KNSL	C	0.2%	0.09%	0.09%
KRC	C	0.11%	0.04%	0.04%
KSS	D	0.06%	0.02%	0.02%
LAD	C	0.19%	0.07%	0.07%
LAZ	C	0.16%	0.05%	0.05%
LBRDA	B	0.1%	0.01%	0.01%
LBRDK	B	0.06%	0.07%	0.06%
LCID	D	0.09%	0.03%	0.03%
LEA	F	0.13%	0.05%	0.05%
LECO	F	0.19%	0.09%	0.09%
LEG	D	0.07%	0.02%	0.02%
LFUS	D	0.15%	0.05%	0.05%
LITE	A	0.08%	0.04%	0.04%
LNC	D	0.09%	0.04%	0.04%
LNW	F	0.2%	0.07%	0.07%
LOPE	D	0.05%	0.04%	0.04%
LPX	C	0.17%	0.06%	0.06%
LSCC	D	0.17%	0.06%	0.06%
LSTR	F	0.22%	0.06%	0.06%
LYFT	D	0.09%	0.04%	0.04%
M	F	0.13%	0.04%	0.04%
MAN	D	0.08%	0.03%	0.03%
MASI	B	0.05%	0.05%	0.05%
MAT	D	0.13%	0.06%	0.06%
MDU	C	0.3%	0.05%	0.05%
MEDP	F	0.15%	0.07%	0.07%
MHK	B	0.08%	0.07%	0.07%
MKSI	F	0.15%	0.06%	0.06%
MORN	C	0.18%	0.07%	0.07%
MPW	C	0.07%	0.03%	0.03%
MSA	F	0.19%	0.05%	0.05%
MTG	B	0.25%	0.06%	0.06%
MTN	D	0.22%	0.06%	0.06%
MTSI	C	0.08%	0.05%	0.05%
MTZ	A	0.16%	0.07%	0.07%
MUSA	D	0.34%	0.08%	0.08%
NCLH	C	0.2%	0.07%	0.07%
NCNO	D	0.04%	0.02%	0.02%
NFG	A	0.21%	0.05%	0.05%
NOV	F	0.16%	0.05%	0.05%
NTNX	C	0.33%	0.12%	0.12%
NTRA	B	0.26%	0.12%	0.12%
NVST	D	0.06%	0.03%	0.03%
NVT	D	0.2%	0.1%	0.1%
NWL	F	0.08%	0.03%	0.03%
NXST	F	0.09%	0.04%	0.04%
NYT	C	0.19%	0.08%	0.08%
OGN	F	0.11%	0.04%	0.04%
OHI	C	0.2%	0.09%	0.09%
OLED	C	0.1%	0.08%	0.08%
OLLI	C	0.13%	0.05%	0.05%
OMF	F	0.18%	0.04%	0.04%
ONTO	C	0.3%	0.08%	0.08%
ORI	B	0.13%	0.08%	0.08%
OSK	F	0.28%	0.05%	0.05%
OWL	A	0.05%	0.08%	0.05%
OZK	D	0.12%	0.04%	0.04%
PATH	F	0.11%	0.05%	0.05%
PCOR	D	0.15%	0.05%	0.05%
PCTY	B	0.17%	0.06%	0.06%
PEGA	C	0.09%	0.03%	0.03%
PEN	D	0.15%	0.06%	0.06%
PENN	D	0.05%	0.02%	0.02%
PINC	F	0.12%	0.02%	0.02%
PK	D	0.06%	0.02%	0.02%
PLNT	B	0.18%	0.06%	0.06%
PNFP	D	0.25%	0.06%	0.06%
POST	D	0.1%	0.05%	0.05%
PR	D	0.17%	0.08%	0.08%
PRGO	F	0.07%	0.03%	0.03%
PRI	A	0.22%	0.08%	0.08%
PSN	A	0.11%	0.04%	0.04%
PVH	F	0.16%	0.05%	0.05%
PYCR	D	0.05%	0.01%	0.01%
QDEL	D	0.05%	0.02%	0.02%
QS	F	0.05%	0.02%	0.02%
R	C	0.27%	0.05%	0.05%
RARE	D	0.08%	0.04%	0.04%
RCM	B	0.06%	0.02%	0.02%
REXR	D	0.39%	0.09%	0.09%
RGA	C	0.3%	0.12%	0.12%
RGEN	F	0.17%	0.07%	0.07%
RGLD	C	0.32%	0.08%	0.08%
RH	C	0.07%	0.04%	0.04%
RHI	D	0.2%	0.06%	0.06%
RKT	D	0.06%	0.02%	0.02%
RL	B	0.09%	0.07%	0.07%
RLI	A	0.19%	0.06%	0.06%
RNG	D	0.05%	0.02%	0.02%
RNR	A	0.26%	0.12%	0.12%
ROIV	D	0.06%	0.04%	0.04%
RRC	B	0.24%	0.06%	0.06%
RRX	C	0.16%	0.09%	0.09%
RYAN	A	0.13%	0.06%	0.06%
RYN	C	0.05%	0.04%	0.04%
S	D	0.11%	0.05%	0.05%
SAIA	D	0.24%	0.1%	0.1%
SCI	D	0.26%	0.1%	0.1%
SEE	D	0.07%	0.04%	0.04%
SF	A	0.15%	0.08%	0.08%
SHC	C	0.05%	0.02%	0.02%
SITE	D	0.18%	0.06%	0.06%
SLM	C	0.16%	0.04%	0.04%
SMAR	A	0.14%	0.06%	0.06%
SNDR	C	0.18%	0.01%	0.01%
SNV	D	0.25%	0.05%	0.05%
SNX	D	0.08%	0.08%	0.08%
SOFI	C	0.13%	0.07%	0.07%
SON	D	0.13%	0.05%	0.05%
SPB	C	0.08%	0.02%	0.02%
SPR	F	0.06%	0.03%	0.03%
SRPT	F	0.21%	0.09%	0.09%
SSD	B	0.11%	0.07%	0.07%
ST	F	0.09%	0.05%	0.05%
STWD	C	0.11%	0.05%	0.05%
TDC	D	0.1%	0.02%	0.02%
THC	D	0.25%	0.13%	0.13%
THG	C	0.17%	0.05%	0.05%
THO	C	0.13%	0.05%	0.05%
TKO	A	0.18%	0.08%	0.08%
TNL	C	0.14%	0.03%	0.03%
TOL	A	0.27%	0.14%	0.14%
TPR	C	0.25%	0.09%	0.09%
TPX	C	0.15%	0.08%	0.08%
TREX	D	0.07%	0.06%	0.06%
TTEK	A	0.19%	0.11%	0.11%
TXG	F	0.05%	0.02%	0.02%
TXRH	C	0.1%	0.1%	0.1%
U	D	0.11%	0.06%	0.06%
UAA	B	0.05%	0.01%	0.01%
UGI	C	0.27%	0.04%	0.04%
UNM	A	0.21%	0.08%	0.08%
USFD	C	0.49%	0.12%	0.12%
VAC	D	0.07%	0.02%	0.02%
VFC	B	0.18%	0.06%	0.06%
VKTX	B	0.13%	0.06%	0.06%
VMI	B	0.12%	0.05%	0.05%
VNO	A	0.08%	0.06%	0.06%
VNOM	A	0.05%	0.04%	0.04%
VNT	F	0.14%	0.04%	0.04%
VOYA	A	0.17%	0.07%	0.07%
VSTS	D	0.05%	0.02%	0.02%
VVV	F	0.18%	0.05%	0.05%
W	D	0.08%	0.04%	0.04%
WAL	C	0.21%	0.08%	0.08%
WBS	D	0.22%	0.07%	0.07%
WCC	D	0.21%	0.06%	0.06%
WEN	D	0.09%	0.03%	0.03%
WEX	C	0.3%	0.07%	0.07%
WFRD	F	0.16%	0.05%	0.05%
WH	C	0.13%	0.05%	0.05%
WHR	C	0.2%	0.05%	0.05%
WING	C	0.25%	0.11%	0.11%
WMS	D	0.27%	0.09%	0.09%
WOLF	F	0.03%	0.01%	0.01%
WSC	D	0.2%	0.06%	0.06%
WTFC	C	0.06%	0.06%	0.06%
WTM	C	0.12%	0.04%	0.04%
WU	D	0.08%	0.03%	0.03%
WWD	C	0.2%	0.09%	0.09%
X	F	0.14%	0.07%	0.07%
XPO	F	0.26%	0.1%	0.1%
XRAY	D	0.07%	0.05%	0.05%
YETI	C	0.13%	0.03%	0.03%
ZI	D	0.09%	0.03%	0.03%
ZION	D	0.17%	0.06%	0.06%

ESML Overweight 577 Positions Relative to IWR

Symbol	Grade	Weight
SFM	A	0.35%
OGS	C	0.33%
BMI	A	0.31%
FLEX	C	0.31%
SIGI	D	0.28%
PCVX	C	0.27%
GBCI	C	0.25%
SSB	C	0.25%
SWN	D	0.24%
UMBF	C	0.24%
PRGS	B	0.24%
FELE	C	0.23%
MWA	A	0.23%
INSM	D	0.23%
KBH	C	0.23%
CNX	A	0.23%
MOG.A	C	0.23%
SUM	F	0.23%
NJR	C	0.22%
CDP	A	0.22%
CVLT	C	0.21%
NOVT	D	0.21%
CMC	D	0.21%
WTS	C	0.21%
ENSG	D	0.21%
FTDR	C	0.2%
RHP	C	0.2%
FBP	D	0.2%
EPRT	C	0.2%
FTAI	B	0.2%
AVA	D	0.2%
BDC	B	0.2%
EXLS	A	0.2%
GPI	C	0.19%
MTH	C	0.19%
PCH	C	0.19%
ZWS	A	0.19%
MOD	B	0.18%
SPSC	F	0.18%
BHLB	D	0.18%
SPXC	C	0.18%
ITRI	C	0.18%
TGNA	C	0.18%
WK	D	0.18%
ENLC	A	0.18%
CNO	C	0.18%
NSIT	B	0.18%
REZI	D	0.18%
HRI	C	0.18%
FN	B	0.17%
CHX	C	0.17%
ONB	D	0.17%
BCC	C	0.17%
TMHC	C	0.17%
GKOS	C	0.17%
UBSI	D	0.16%
LUMN	C	0.16%
FSS	D	0.16%
PLXS	B	0.16%
GATX	F	0.16%
BHE	C	0.16%
AEIS	D	0.16%
SR	D	0.15%
BANR	C	0.15%
KTB	C	0.15%
MMSI	C	0.15%
ANF	F	0.15%
KNTK	A	0.15%
PDCO	F	0.15%
ASB	F	0.15%
TPH	C	0.15%
ACIW	B	0.15%
HNI	C	0.15%
ASGN	D	0.15%
ALTR	C	0.14%
MUR	F	0.14%
BCPC	D	0.14%
NPO	C	0.14%
HQY	C	0.14%
JXN	A	0.14%
CBT	C	0.14%
LNTH	C	0.14%
FIBK	D	0.14%
CRS	C	0.14%
AVAV	B	0.13%
BLKB	C	0.13%
IBCP	D	0.13%
CADE	D	0.13%
KNF	C	0.13%
SHOO	C	0.13%
ITGR	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	C	0.13%
CPF	C	0.13%
OPCH	F	0.13%
CYTK	D	0.13%
DFIN	D	0.13%
CPK	C	0.13%
SWX	C	0.13%
VLY	C	0.13%
ACA	C	0.13%
KLIC	C	0.13%
FA	A	0.12%
ECPG	F	0.12%
ABG	F	0.12%
EPAC	C	0.12%
SITC	D	0.12%
IBP	C	0.12%
RMBS	F	0.12%
WGO	D	0.12%
CABO	F	0.12%
TRNO	D	0.12%
WERN	D	0.12%
MTX	D	0.12%
PFSI	C	0.12%
RDUS	D	0.12%
HASI	B	0.12%
BECN	D	0.12%
HALO	C	0.12%
WDFC	D	0.11%
GTLS	F	0.11%
XENE	D	0.11%
SCL	D	0.11%
ORA	C	0.11%
PRIM	C	0.11%
STRL	C	0.11%
MRCY	B	0.11%
WHD	B	0.11%
DNLI	C	0.11%
HAE	D	0.11%
EAT	A	0.11%
AIT	B	0.11%
SIG	C	0.11%
DY	C	0.11%
FUL	F	0.11%
MYRG	F	0.11%
BHVN	C	0.11%
KOS	F	0.11%
FULT	D	0.11%
LRN	C	0.11%
LCII	C	0.11%
IDCC	A	0.11%
CRDO	B	0.1%
BWIN	B	0.1%
SLG	C	0.1%
CSGS	C	0.1%
ALKS	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	C	0.1%
AEO	C	0.1%
AUB	D	0.1%
FLR	C	0.1%
SJW	F	0.1%
ABCB	C	0.1%
EFSC	D	0.1%
KAR	F	0.1%
VC	F	0.1%
CCOI	B	0.1%
SLAB	D	0.1%
MGRC	D	0.09%
ICFI	C	0.09%
PJT	C	0.09%
ESE	C	0.09%
UNIT	B	0.09%
LNN	C	0.09%
BXMT	C	0.09%
AUR	C	0.09%
KFY	C	0.09%
STC	C	0.09%
RDN	D	0.09%
CRVL	C	0.09%
CAC	C	0.09%
AROC	B	0.09%
RUN	D	0.09%
APAM	C	0.09%
ATKR	F	0.09%
TMDX	D	0.09%
ERII	C	0.09%
CRC	B	0.09%
PI	B	0.09%
RDNT	C	0.09%
AMAL	D	0.09%
TRN	C	0.09%
CVBF	B	0.09%
XHR	C	0.08%
BPMC	F	0.08%
TBBK	B	0.08%
IOSP	F	0.08%
ROG	F	0.08%
RNA	B	0.08%
PLUS	C	0.08%
AZZ	C	0.08%
OUT	C	0.08%
NWN	D	0.08%
ALG	F	0.08%
CHWY	C	0.08%
EVRI	A	0.08%
AMN	F	0.08%
RNST	D	0.08%
CNK	D	0.08%
SHAK	C	0.08%
RVMD	B	0.08%
SXT	C	0.08%
KOP	F	0.08%
MAC	C	0.08%
BOOT	C	0.08%
SBRA	C	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	C	0.08%
ICUI	C	0.08%
PLMR	B	0.08%
MARA	F	0.08%
ESNT	C	0.08%
TNET	F	0.08%
TEX	F	0.08%
HWC	D	0.08%
ABM	D	0.08%
ENR	B	0.07%
UPBD	F	0.07%
LXP	D	0.07%
ENV	B	0.07%
ACVA	C	0.07%
VITL	B	0.07%
ANDE	D	0.07%
TDS	B	0.07%
PNTG	C	0.07%
JBGS	C	0.07%
VCTR	A	0.07%
HLIT	D	0.07%
EXPO	A	0.07%
VVX	A	0.07%
SEM	D	0.07%
AAT	C	0.07%
PHAT	B	0.07%
PECO	C	0.07%
XPRO	F	0.07%
CTS	D	0.07%
SASR	C	0.07%
FL	F	0.07%
VRRM	D	0.07%
PEB	D	0.07%
HBI	C	0.07%
PLYA	D	0.07%
SATS	C	0.07%
PRVA	F	0.07%
INTA	C	0.07%
INDB	D	0.07%
PDM	C	0.07%
BL	C	0.07%
CWK	C	0.07%
BOH	D	0.07%
WD	C	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	B	0.07%
KREF	C	0.07%
JBT	B	0.07%
VRNS	C	0.07%
ACLX	C	0.07%
AVNT	C	0.07%
DRS	B	0.07%
PIPR	B	0.07%
GVA	B	0.07%
KTOS	A	0.07%
AMWD	C	0.07%
HWKN	C	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CALX	D	0.07%
CCS	C	0.07%
ZD	D	0.07%
PRKS	D	0.07%
MTRN	F	0.06%
HURN	D	0.06%
HZO	D	0.06%
IBOC	D	0.06%
TALO	F	0.06%
FROG	F	0.06%
GH	F	0.06%
PRG	C	0.06%
DCO	C	0.06%
NARI	F	0.06%
HI	F	0.06%
PPBI	D	0.06%
CMCO	C	0.06%
TDOC	D	0.06%
HELE	D	0.06%
APGE	C	0.06%
THS	D	0.06%
PDFS	F	0.06%
CBU	D	0.06%
MOV	F	0.06%
BKU	D	0.06%
PTGX	C	0.06%
MNKD	B	0.06%
CLB	C	0.06%
MEI	F	0.06%
VSEC	D	0.06%
HL	C	0.06%
TWST	D	0.06%
AIR	D	0.06%
WRBY	B	0.06%
OSCR	C	0.06%
FUN	F	0.06%
KROS	B	0.06%
ROCK	D	0.06%
PAR	D	0.06%
KYMR	D	0.06%
MYGN	D	0.06%
WKC	B	0.06%
TILE	D	0.06%
OII	C	0.06%
MHO	C	0.06%
UFPT	D	0.06%
MXL	D	0.06%
AVPT	C	0.06%
IESC	A	0.06%
ADUS	D	0.06%
KE	F	0.06%
SQSP	A	0.06%
ALTM	D	0.06%
GERN	D	0.06%
PAHC	C	0.06%
PBF	F	0.06%
POWI	F	0.06%
FFIN	D	0.06%
SG	C	0.06%
ATRC	C	0.06%
TARS	C	0.06%
UEC	B	0.06%
CDE	C	0.06%
VRNT	F	0.06%
UNFI	B	0.06%
ADMA	C	0.06%
HIMS	C	0.06%
HGV	F	0.06%
BANC	D	0.06%
BDN	A	0.06%
CMP	D	0.06%
COMP	C	0.06%
CLNE	C	0.06%
TROX	D	0.06%
RKLB	B	0.06%
MRUS	D	0.06%
TNC	F	0.06%
SMTC	C	0.06%
SKT	A	0.06%
EYE	F	0.06%
SONO	D	0.06%
GT	F	0.06%
EWTX	C	0.06%
ALHC	C	0.06%
NEP	D	0.06%
NUVL	B	0.06%
HAIN	B	0.06%
MIR	B	0.06%
LEVI	C	0.06%
TNDM	D	0.06%
MODG	F	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
MQ	F	0.05%
TGTX	D	0.05%
CUBI	F	0.05%
SVRA	F	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	B	0.05%
PLUG	F	0.05%
KRYS	D	0.05%
AHH	F	0.05%
KURA	F	0.05%
REVG	D	0.05%
ARVN	F	0.05%
MMS	C	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	F	0.05%
PGNY	F	0.05%
FFBC	D	0.05%
ARLO	F	0.05%
MGNI	D	0.05%
RAMP	F	0.05%
RBBN	C	0.05%
ZUO	F	0.05%
INVX	F	0.05%
AI	F	0.05%
NBHC	D	0.05%
DLX	F	0.05%
ALKT	D	0.05%
RUSHA	D	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	B	0.05%
CCRN	F	0.05%
OMI	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	B	0.05%
ARCB	F	0.05%
BGC	B	0.05%
FOXF	F	0.05%
MRC	D	0.05%
FLYW	F	0.05%
SGH	D	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
XRX	D	0.05%
ETWO	F	0.05%
OMCL	C	0.05%
AWR	B	0.05%
WNC	F	0.05%
VERX	A	0.05%
MLTX	C	0.05%
PLAY	D	0.05%
JANX	C	0.05%
CWAN	C	0.05%
CSTL	C	0.05%
ICHR	D	0.05%
PETQ	A	0.05%
SMPL	D	0.05%
HOUS	D	0.05%
VSCO	C	0.05%
VRTS	F	0.05%
MTTR	B	0.05%
EDR	A	0.05%
ATGE	D	0.05%
PSMT	C	0.05%
WT	D	0.05%
KELYA	D	0.05%
ATEN	B	0.05%
MNRO	C	0.05%
EMBC	F	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	B	0.05%
HCC	C	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%
CAKE	B	0.05%
GBX	C	0.05%
ARQT	C	0.05%
AGYS	D	0.05%
PTCT	C	0.05%
CNMD	D	0.05%
NOVA	D	0.05%
SMP	D	0.05%
GRBK	C	0.05%
RXST	F	0.05%
SKY	B	0.05%
BNL	C	0.05%
COGT	C	0.05%
YELP	F	0.05%
THRM	F	0.05%
GEF	D	0.05%
VREX	F	0.05%
AORT	B	0.05%
SLVM	C	0.05%
COOP	B	0.05%
PRAA	F	0.05%
EE	A	0.05%
MMI	D	0.05%
PD	F	0.05%
NYCB	D	0.05%
NBTB	D	0.05%
KVYO	B	0.05%
NEOG	F	0.05%
RUSHB	D	0.05%
EWCZ	F	0.05%
SBH	C	0.05%
CALM	A	0.05%
ARKO	C	0.05%
PLOW	D	0.05%
DOCN	C	0.05%
SM	C	0.05%
INFN	A	0.05%
GEF	D	0.05%
MBUU	C	0.05%
LIVN	B	0.05%
AXSM	C	0.05%
VERA	C	0.05%
CECO	D	0.05%
VBTX	C	0.05%
ZYME	C	0.05%
NTLA	F	0.05%
JELD	C	0.05%
UPST	C	0.05%
CRMT	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%
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	C	0.04%
CAL	F	0.04%
GOGO	F	0.04%
ASPN	D	0.04%
NVCR	F	0.04%
MTUS	F	0.04%
CLW	F	0.04%
IMVT	F	0.04%
ANAB	D	0.04%
BE	F	0.04%
LBPH	C	0.04%
RCKT	F	0.04%
LESL	F	0.04%
AMC	F	0.04%
FRSH	F	0.04%
DGII	B	0.04%
MLKN	F	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
PFS	D	0.04%
CDNA	B	0.04%
DK	F	0.04%
NVAX	C	0.04%
STAA	F	0.04%
ESTA	F	0.04%
VSAT	F	0.03%
MC	C	0.02%
DEI	A	0.02%
GDOT	D	0.01%

ESML Underweight 475 Positions Relative to IWR

Symbol	Grade	Weight
PLTR	A	-0.63%
AFL	A	-0.54%
AJG	D	-0.53%
DHI	C	-0.49%
WMB	A	-0.48%
HLT	B	-0.48%
SPG	A	-0.47%
O	A	-0.47%
URI	C	-0.46%
OKE	A	-0.46%
BK	C	-0.45%
DLR	C	-0.44%
CCI	C	-0.44%
ALL	C	-0.43%
ROST	D	-0.42%
AMP	A	-0.41%
TTD	A	-0.41%
LHX	A	-0.4%
FIS	B	-0.4%
PEG	A	-0.39%
GWW	B	-0.39%
PAYX	A	-0.39%
FICO	A	-0.39%
MSCI	B	-0.38%
CMI	A	-0.38%
LEN	B	-0.38%
PRU	C	-0.37%
A	B	-0.37%
PWR	B	-0.37%
KVUE	C	-0.37%
KMI	A	-0.37%
LNG	A	-0.36%
GIS	C	-0.36%
IQV	F	-0.36%
MPWR	B	-0.36%
OTIS	A	-0.36%
VST	B	-0.36%
PCG	C	-0.36%
GEHC	C	-0.35%
CTVA	A	-0.35%
FAST	C	-0.35%
EXC	A	-0.35%
IDXX	D	-0.35%
HWM	A	-0.35%
RCL	C	-0.35%
MCHP	F	-0.35%
ACGL	B	-0.35%
YUM	B	-0.34%
IR	B	-0.34%
FERG	F	-0.34%
EA	D	-0.33%
ODFL	F	-0.33%
VRSK	C	-0.33%
DOW	B	-0.33%
SYY	D	-0.33%
HES	C	-0.33%
CNC	F	-0.33%
AME	D	-0.33%
COR	F	-0.32%
EXR	C	-0.32%
KR	C	-0.32%
IT	B	-0.32%
CBRE	B	-0.32%
CTSH	B	-0.32%
XEL	B	-0.31%
ED	A	-0.31%
NUE	C	-0.31%
SQ	D	-0.31%
BKR	B	-0.31%
DD	C	-0.31%
RMD	C	-0.3%
ALNY	C	-0.3%
VRT	B	-0.3%
EFX	C	-0.3%
EIX	B	-0.29%
FANG	C	-0.29%
HUM	F	-0.29%
HPQ	B	-0.29%
DDOG	C	-0.29%
DFS	C	-0.29%
GLW	C	-0.29%
VICI	C	-0.29%
APP	A	-0.29%
IRM	A	-0.29%
HIG	B	-0.29%
DAL	C	-0.28%
XYL	C	-0.28%
COIN	F	-0.28%
VMC	D	-0.28%
MLM	F	-0.28%
TRGP	A	-0.28%
EBAY	A	-0.28%
MTD	B	-0.27%
AVB	C	-0.27%
WAB	B	-0.27%
TSCO	B	-0.27%
PHM	A	-0.26%
NDAQ	B	-0.26%
CSGP	F	-0.26%
ROK	C	-0.26%
ON	F	-0.26%
PPG	D	-0.26%
WEC	A	-0.26%
VEEV	C	-0.26%
WTW	C	-0.26%
CHTR	D	-0.26%
MTB	C	-0.25%
CDW	D	-0.25%
BIIB	F	-0.24%
HSY	F	-0.24%
EQR	C	-0.24%
CPNG	C	-0.24%
ETR	A	-0.24%
ADM	F	-0.24%
AWK	C	-0.24%
NVR	B	-0.24%
FITB	C	-0.24%
ARES	A	-0.24%
AXON	A	-0.24%
IFF	C	-0.23%
HAL	D	-0.23%
DXCM	F	-0.23%
DTE	A	-0.23%
GRMN	D	-0.23%
CAH	B	-0.23%
KEYS	C	-0.23%
VLTO	A	-0.23%
FTV	C	-0.23%
ANSS	D	-0.23%
SW	C	-0.22%
MSTR	B	-0.22%
CHD	D	-0.22%
GPN	F	-0.22%
FE	C	-0.22%
FSLR	C	-0.22%
HUBS	D	-0.22%
VTR	C	-0.22%
HPE	B	-0.22%
TTWO	F	-0.22%
SBAC	C	-0.22%
DOV	B	-0.22%
STT	C	-0.22%
TYL	B	-0.21%
PPL	B	-0.21%
WY	C	-0.21%
LYB	F	-0.21%
NTAP	D	-0.21%
DVN	F	-0.21%
BRO	A	-0.21%
BR	B	-0.21%
HUBB	B	-0.2%
STE	D	-0.2%
RJF	B	-0.2%
AEE	A	-0.2%
BLDR	B	-0.2%
NET	D	-0.2%
TROW	D	-0.2%
DECK	B	-0.2%
ES	D	-0.2%
GDDY	D	-0.19%
WST	D	-0.19%
WDC	C	-0.19%
FCNCA	D	-0.19%
BBY	C	-0.19%
ZBH	F	-0.19%
CBOE	B	-0.19%
LDOS	A	-0.19%
RBLX	D	-0.19%
CLX	C	-0.18%
ILMN	B	-0.18%
CSL	A	-0.18%
HBAN	D	-0.18%
RF	C	-0.18%
BALL	C	-0.18%
PTC	D	-0.18%
ATO	A	-0.18%
BAH	A	-0.18%
CINF	B	-0.18%
WAT	B	-0.18%
K	A	-0.18%
CMS	A	-0.18%
COO	C	-0.18%
MKC	C	-0.18%
INVH	F	-0.18%
EQT	B	-0.18%
CPAY	A	-0.18%
SYF	B	-0.17%
GPC	D	-0.17%
DRI	C	-0.17%
PFG	C	-0.17%
PINS	C	-0.17%
WBD	D	-0.17%
MOH	D	-0.17%
OMC	C	-0.17%
EME	C	-0.17%
TRU	A	-0.17%
TER	C	-0.17%
SMCI	F	-0.17%
MKL	C	-0.17%
ARE	D	-0.17%
TDY	A	-0.17%
ULTA	D	-0.16%
EXPD	D	-0.16%
MDB	D	-0.16%
LVS	B	-0.16%
MAA	D	-0.16%
UAL	B	-0.16%
ALGN	D	-0.16%
HOLX	D	-0.16%
LH	D	-0.16%
MAS	A	-0.16%
CHK	D	-0.16%
EXPE	B	-0.16%
DG	F	-0.16%
ZBRA	C	-0.16%
ESS	D	-0.16%
BAX	D	-0.16%
CNP	B	-0.16%
PKG	B	-0.16%
LII	C	-0.16%
STLD	B	-0.16%
APTV	D	-0.16%
WSM	B	-0.16%
NRG	A	-0.16%
DGX	C	-0.15%
LPLA	C	-0.15%
IP	C	-0.15%
EG	B	-0.15%
WSO	C	-0.15%
TPL	A	-0.15%
AVTR	D	-0.15%
FDS	C	-0.15%
DKNG	D	-0.15%
LYV	B	-0.15%
AVY	D	-0.15%
NTRS	C	-0.15%
LUV	B	-0.15%
CTRA	D	-0.15%
CFG	D	-0.15%
CCL	C	-0.15%
ZM	C	-0.15%
VRSN	B	-0.14%
SSNC	C	-0.14%
CF	A	-0.14%
DOC	C	-0.14%
PNR	B	-0.14%
IEX	D	-0.14%
AMCR	C	-0.14%
TXT	F	-0.14%
PODD	C	-0.14%
J	F	-0.14%
SUI	D	-0.14%
BURL	D	-0.14%
ENTG	D	-0.14%
RS	D	-0.14%
HEI	C	-0.14%
SWK	C	-0.14%
TSN	D	-0.14%
MANH	C	-0.14%
WRB	C	-0.14%
ENPH	F	-0.13%
GEN	B	-0.13%
UDR	C	-0.13%
CE	C	-0.13%
NDSN	C	-0.13%
HOOD	C	-0.13%
TRMB	B	-0.13%
SNA	A	-0.13%
DPZ	D	-0.13%
KEY	C	-0.13%
PSTG	F	-0.13%
OC	C	-0.13%
AKAM	D	-0.13%
KIM	C	-0.13%
RPM	B	-0.13%
ZS	F	-0.13%
RVTY	C	-0.13%
SWKS	F	-0.13%
DT	B	-0.13%
FNF	B	-0.13%
MRO	C	-0.13%
CAG	D	-0.13%
UTHR	C	-0.13%
NI	A	-0.13%
LNT	A	-0.13%
FWONK	D	-0.13%
VTRS	D	-0.12%
BG	F	-0.12%
EVRG	C	-0.12%
ACM	A	-0.12%
JBHT	D	-0.12%
POOL	B	-0.12%
ROL	C	-0.12%
L	D	-0.12%
DLTR	F	-0.12%
AES	C	-0.12%
GGG	C	-0.12%
TW	A	-0.12%
KMX	F	-0.11%
EXAS	C	-0.11%
SJM	D	-0.11%
BXP	C	-0.11%
DOCU	B	-0.11%
ALLE	A	-0.11%
TOST	B	-0.11%
CPT	C	-0.11%
JNPR	B	-0.11%
CHRW	C	-0.11%
FFIV	B	-0.11%
AMH	D	-0.11%
EMN	C	-0.11%
ELS	D	-0.11%
UHS	D	-0.11%
EQH	C	-0.11%
JKHY	A	-0.11%
BMRN	F	-0.11%
JBL	C	-0.11%
REG	C	-0.11%
GLPI	A	-0.11%
WPC	C	-0.11%
RPRX	D	-0.1%
CCK	C	-0.1%
NBIX	F	-0.1%
LAMR	C	-0.1%
TFX	C	-0.1%
DKS	D	-0.1%
HEI	C	-0.1%
OKTA	F	-0.1%
IPG	D	-0.1%
PFGC	A	-0.1%
TECH	D	-0.1%
HST	D	-0.1%
CRL	F	-0.09%
TAP	D	-0.09%
DOX	B	-0.09%
NWSA	D	-0.09%
WYNN	B	-0.09%
Z	C	-0.09%
PNW	B	-0.09%
AIZ	B	-0.09%
HII	F	-0.09%
LKQ	F	-0.09%
OVV	D	-0.09%
AOS	B	-0.09%
INCY	B	-0.09%
EPAM	F	-0.09%
TWLO	B	-0.09%
CTLT	A	-0.09%
FBIN	B	-0.09%
ALB	D	-0.09%
NNN	A	-0.08%
SKX	D	-0.08%
MGM	C	-0.08%
TTC	D	-0.08%
DAY	B	-0.08%
HRL	F	-0.08%
HSIC	D	-0.08%
APA	F	-0.08%
CPB	D	-0.08%
LW	D	-0.08%
SOLV	C	-0.08%
ROKU	B	-0.08%
CG	B	-0.08%
QRVO	F	-0.08%
MKTX	B	-0.08%
ALLY	F	-0.08%
MTCH	B	-0.08%
WTRG	D	-0.08%
AFG	B	-0.08%
FOXA	A	-0.08%
CNH	D	-0.08%
NLY	C	-0.08%
ACI	F	-0.07%
CHRD	F	-0.07%
KNX	D	-0.07%
OGE	A	-0.07%
DVA	C	-0.07%
HLI	B	-0.07%
GLOB	C	-0.07%
PAYC	D	-0.07%
RIVN	F	-0.07%
RBC	C	-0.07%
MOS	F	-0.07%
H	C	-0.06%
BIO	B	-0.06%
GNTX	D	-0.06%
G	A	-0.06%
SEIC	B	-0.06%
BBWI	F	-0.06%
BSY	D	-0.06%
DINO	D	-0.06%
STAG	D	-0.06%
SN	A	-0.06%
AAL	D	-0.06%
KEX	C	-0.06%
SAIC	A	-0.06%
UHAL	B	-0.06%
MIDD	D	-0.06%
EXEL	B	-0.06%
TKR	D	-0.05%
CELH	F	-0.05%
SIRI	C	-0.05%
RITM	D	-0.05%
OLN	C	-0.05%
BEN	F	-0.05%
SRCL	A	-0.05%
ESAB	C	-0.05%
MTDR	F	-0.05%
WBA	F	-0.05%
AZPN	B	-0.05%
PB	D	-0.05%
PARA	F	-0.05%
PII	D	-0.04%
SLGN	C	-0.04%
EEFT	F	-0.04%
LINE	F	-0.04%
FNB	D	-0.04%
TPG	B	-0.04%
WLK	C	-0.04%
FOX	A	-0.04%
IDA	D	-0.04%
ZG	C	-0.03%
PAG	D	-0.03%
NWS	D	-0.03%
AMTM	D	-0.03%
NSA	C	-0.03%
AMKR	F	-0.03%
LBTYA	B	-0.03%
DNB	D	-0.03%
COTY	F	-0.03%
LBTYK	A	-0.03%
SMG	B	-0.03%
NEU	F	-0.03%
GFS	F	-0.03%
IAC	D	-0.03%
HUN	C	-0.03%
MSGS	A	-0.03%
MSM	D	-0.03%
BIRK	F	-0.02%
LEN	B	-0.02%
IPGP	D	-0.02%
PPC	D	-0.02%
BOKF	D	-0.02%
MP	B	-0.02%
LLYVK	A	-0.02%
VIRT	B	-0.02%
AGR	B	-0.02%
SAM	C	-0.02%
CXT	F	-0.02%
ALGM	F	-0.02%
BHF	F	-0.02%
CACC	F	-0.02%
FHB	D	-0.02%
UHAL	B	-0.01%
TFSL	F	-0.01%
NFE	F	-0.01%
LOAR	C	-0.01%
UWMC	D	-0.01%
SEB	F	-0.01%
UI	A	-0.01%
DJT	F	-0.01%
AS	B	-0.01%
LLYVA	A	-0.01%
CNA	D	-0.01%
ALAB	C	-0.01%
DDS	D	-0.01%
CERT	F	-0.01%
TRIP	F	-0.01%
UA	B	-0.01%
FWONA	D	-0.01%
REYN	D	-0.01%
SEG	D	-0.0%
PARAA	D	-0.0%
GRAL	F	-0.0%
PLTK	C	-0.0%