ESML vs. JPSE ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE)

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

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$50.87

Average Daily Volume

33,516

Number of Holdings ^*

529

* may have additional holdings in another (foreign) market

Performance

Period	ESML	JPSE
30 Days	8.75%	7.82%
60 Days	8.59%	6.81%
90 Days	9.69%	7.98%
12 Months	34.45%	29.68%

246 Overlapping Holdings

	Symbol	Grade	Weight in ESML	Weight in JPSE	Overlap
	AAT	B	0.07%	0.22%	0.07%
	ABCB	B	0.11%	0.3%	0.11%
	ABG	B	0.12%	0.13%	0.12%
	ABM	B	0.09%	0.21%	0.09%
	ACA	A	0.14%	0.35%	0.14%
	ACLX	C	0.08%	0.32%	0.08%
	ADUS	D	0.05%	0.21%	0.05%
	AEIS	B	0.17%	0.28%	0.17%
	AEO	F	0.08%	0.17%	0.08%
	AGYS	A	0.05%	0.33%	0.05%
	AIT	A	0.13%	0.39%	0.13%
	ALKS	B	0.1%	0.17%	0.1%
	ALRM	C	0.05%	0.13%	0.05%
	AMWD	C	0.08%	0.06%	0.06%
	ANDE	D	0.06%	0.25%	0.06%
	ANF	C	0.15%	0.05%	0.05%
	APAM	B	0.1%	0.17%	0.1%
	ARCB	C	0.05%	0.21%	0.05%
	ARCT	F	0.04%	0.07%	0.04%
	AROC	B	0.1%	0.35%	0.1%
	ASGN	F	0.14%	0.15%	0.14%
	ATEN	B	0.06%	0.18%	0.06%
	ATKR	C	0.09%	0.17%	0.09%
	AUB	B	0.11%	0.13%	0.11%
	AVA	A	0.19%	0.28%	0.19%
	AVNT	B	0.07%	0.31%	0.07%
	AWR	B	0.05%	0.2%	0.05%
	AZZ	B	0.07%	0.18%	0.07%
	BCC	B	0.16%	0.32%	0.16%
	BCPC	B	0.13%	0.3%	0.13%
	BDC	B	0.2%	0.23%	0.2%
	BDN	C	0.07%	0.21%	0.07%
	BHE	B	0.16%	0.26%	0.16%
	BLKB	B	0.12%	0.1%	0.1%
	BMI	B	0.3%	0.31%	0.3%
	BNL	D	0.05%	0.26%	0.05%
	BRY	F	0.03%	0.06%	0.03%
	CABO	C	0.13%	0.23%	0.13%
	CAL	D	0.04%	0.03%	0.03%
	CALM	A	0.06%	0.38%	0.06%
	CALX	D	0.05%	0.13%	0.05%
	CBT	C	0.13%	0.31%	0.13%
	CCOI	B	0.1%	0.29%	0.1%
	CCRN	F	0.03%	0.04%	0.03%
	CCS	D	0.06%	0.11%	0.06%
	CDE	D	0.05%	0.23%	0.05%
	CDP	C	0.21%	0.29%	0.21%
	CHX	C	0.17%	0.23%	0.17%
	CLW	F	0.04%	0.15%	0.04%
	CMC	B	0.22%	0.34%	0.22%
	CMCO	B	0.06%	0.09%	0.06%
	CNMD	C	0.05%	0.15%	0.05%
	CNO	A	0.2%	0.33%	0.2%
	CNX	A	0.28%	0.4%	0.28%
	COOP	B	0.05%	0.31%	0.05%
	CPK	A	0.13%	0.3%	0.13%
	CPRX	C	0.05%	0.3%	0.05%
	CRAI	B	0.05%	0.24%	0.05%
	CRC	B	0.1%	0.2%	0.1%
	CRS	A	0.15%	0.38%	0.15%
	CRVL	A	0.09%	0.33%	0.09%
	CSGS	B	0.11%	0.15%	0.11%
	CSTL	D	0.05%	0.08%	0.05%
	CTS	C	0.07%	0.22%	0.07%
	CVLT	B	0.22%	0.29%	0.22%
	CWK	B	0.07%	0.07%	0.07%
	CWT	D	0.04%	0.19%	0.04%
	DEA	D	0.07%	0.17%	0.07%
	DEI	B	0.02%	0.25%	0.02%
	DFIN	D	0.12%	0.07%	0.07%
	DGII	B	0.05%	0.23%	0.05%
	DNOW	B	0.05%	0.17%	0.05%
	EE	A	0.07%	0.15%	0.07%
	EGY	D	0.04%	0.09%	0.04%
	ENR	B	0.07%	0.28%	0.07%
	ENSG	D	0.2%	0.28%	0.2%
	EPC	D	0.04%	0.24%	0.04%
	EPRT	B	0.18%	0.29%	0.18%
	ESNT	D	0.07%	0.25%	0.07%
	ESRT	C	0.07%	0.29%	0.07%
	EXPO	D	0.06%	0.11%	0.06%
	FBP	B	0.2%	0.16%	0.16%
	FELE	B	0.22%	0.31%	0.22%
	FFBC	A	0.05%	0.13%	0.05%
	FLGT	F	0.04%	0.06%	0.04%
	FN	D	0.17%	0.31%	0.17%
	FORM	D	0.04%	0.2%	0.04%
	FSS	B	0.15%	0.27%	0.15%
	FUL	F	0.1%	0.26%	0.1%
	FULT	A	0.12%	0.17%	0.12%
	GATX	A	0.17%	0.26%	0.17%
	GEF	A	0.05%	0.18%	0.05%
	GEF	A	0.05%	0.18%	0.05%
	GOGO	C	0.05%	0.15%	0.05%
	GPI	A	0.19%	0.31%	0.19%
	GRBK	D	0.04%	0.21%	0.04%
	HAE	C	0.12%	0.21%	0.12%
	HAIN	C	0.05%	0.1%	0.05%
	HASI	D	0.1%	0.19%	0.1%
	HCC	B	0.05%	0.32%	0.05%
	HI	C	0.07%	0.06%	0.06%
	HL	D	0.04%	0.2%	0.04%
	HLIT	D	0.05%	0.25%	0.05%
	HLX	B	0.05%	0.26%	0.05%
	HNI	B	0.15%	0.26%	0.15%
	HPP	F	0.04%	0.01%	0.01%
	HQY	B	0.16%	0.29%	0.16%
	HWC	B	0.09%	0.17%	0.09%
	HWKN	B	0.07%	0.2%	0.07%
	IBOC	A	0.06%	0.2%	0.06%
	IBP	D	0.09%	0.24%	0.09%
	ICHR	C	0.05%	0.09%	0.05%
	IDCC	A	0.14%	0.39%	0.14%
	INFN	C	0.05%	0.25%	0.05%
	IOSP	B	0.08%	0.27%	0.08%
	ITGR	B	0.13%	0.29%	0.13%
	JXN	C	0.14%	0.35%	0.14%
	KBH	D	0.2%	0.27%	0.2%
	KFY	B	0.09%	0.16%	0.09%
	KLG	C	0.05%	0.18%	0.05%
	KLIC	B	0.13%	0.24%	0.13%
	KNTK	B	0.18%	0.18%	0.18%
	KOP	C	0.08%	0.21%	0.08%
	KTB	B	0.16%	0.35%	0.16%
	LCII	C	0.1%	0.14%	0.1%
	LNTH	D	0.1%	0.21%	0.1%
	LUMN	C	0.19%	0.39%	0.19%
	LXP	D	0.06%	0.18%	0.06%
	MAC	B	0.08%	0.33%	0.08%
	MC	C	0.02%	0.31%	0.02%
	MEI	D	0.04%	0.05%	0.04%
	MGRC	B	0.09%	0.16%	0.09%
	MHO	D	0.05%	0.28%	0.05%
	MLKN	D	0.04%	0.13%	0.04%
	MMI	B	0.05%	0.02%	0.02%
	MMS	F	0.04%	0.25%	0.04%
	MMSI	B	0.15%	0.3%	0.15%
	MOG.A	B	0.24%	0.14%	0.14%
	MOV	C	0.06%	0.09%	0.06%
	MRC	B	0.05%	0.1%	0.05%
	MTH	D	0.17%	0.26%	0.17%
	MTRN	C	0.06%	0.26%	0.06%
	MTUS	C	0.04%	0.17%	0.04%
	MTX	B	0.12%	0.27%	0.12%
	MUR	D	0.13%	0.18%	0.13%
	MWA	B	0.25%	0.06%	0.06%
	MXL	C	0.05%	0.03%	0.03%
	MYGN	F	0.03%	0.05%	0.03%
	NBTB	B	0.06%	0.17%	0.06%
	NEO	C	0.05%	0.07%	0.05%
	NJR	A	0.21%	0.29%	0.21%
	NMIH	D	0.09%	0.23%	0.09%
	NOVT	D	0.19%	0.28%	0.19%
	NPO	A	0.13%	0.26%	0.13%
	NSIT	F	0.13%	0.21%	0.13%
	NTGR	B	0.08%	0.2%	0.08%
	NWN	A	0.07%	0.25%	0.07%
	OGS	A	0.31%	0.31%	0.31%
	OMCL	C	0.05%	0.1%	0.05%
	OMI	F	0.04%	0.1%	0.04%
	ONB	B	0.19%	0.32%	0.19%
	OPCH	D	0.09%	0.18%	0.09%
	ORA	B	0.11%	0.21%	0.11%
	OUT	A	0.07%	0.17%	0.07%
	PBF	D	0.06%	0.17%	0.06%
	PBI	B	0.05%	0.11%	0.05%
	PCH	D	0.17%	0.24%	0.17%
	PDCO	D	0.13%	0.04%	0.04%
	PDM	D	0.06%	0.25%	0.06%
	PEB	D	0.06%	0.15%	0.06%
	PECO	A	0.07%	0.27%	0.07%
	PFSI	D	0.1%	0.27%	0.1%
	PGRE	F	0.05%	0.09%	0.05%
	PI	D	0.07%	0.21%	0.07%
	PLUS	F	0.06%	0.21%	0.06%
	PLXS	B	0.17%	0.36%	0.17%
	PNTG	D	0.06%	0.09%	0.06%
	POWI	D	0.06%	0.2%	0.06%
	PRG	C	0.05%	0.12%	0.05%
	PRGS	A	0.24%	0.29%	0.24%
	PSMT	C	0.05%	0.07%	0.05%
	PTEN	C	0.04%	0.13%	0.04%
	QTWO	A	0.12%	0.31%	0.12%
	RBBN	C	0.06%	0.0%	0.0%
	RDN	C	0.09%	0.27%	0.09%
	RDNT	B	0.1%	0.26%	0.1%
	RDUS	C	0.1%	0.1%	0.1%
	RHP	B	0.19%	0.28%	0.19%
	RMBS	C	0.14%	0.21%	0.14%
	RNST	B	0.08%	0.14%	0.08%
	RUN	F	0.05%	0.08%	0.05%
	SATS	D	0.06%	0.29%	0.06%
	SBRA	C	0.08%	0.29%	0.08%
	SCL	C	0.1%	0.19%	0.1%
	SEM	B	0.07%	0.3%	0.07%
	SFM	A	0.43%	0.41%	0.41%
	SHOO	D	0.11%	0.19%	0.11%
	SIG	B	0.1%	0.31%	0.1%
	SJW	D	0.09%	0.15%	0.09%
	SKT	B	0.07%	0.32%	0.07%
	SLG	B	0.1%	0.31%	0.1%
	SLVM	B	0.05%	0.32%	0.05%
	SM	B	0.06%	0.28%	0.06%
	SMPL	B	0.05%	0.25%	0.05%
	SPSC	C	0.16%	0.27%	0.16%
	SR	A	0.14%	0.29%	0.14%
	STAA	F	0.03%	0.03%	0.03%
	STC	B	0.08%	0.28%	0.08%
	STRL	B	0.13%	0.46%	0.13%
	SWX	B	0.13%	0.26%	0.13%
	SXT	B	0.07%	0.23%	0.07%
	TDS	B	0.08%	0.38%	0.08%
	TGNA	B	0.2%	0.32%	0.2%
	THRM	D	0.05%	0.07%	0.05%
	THS	D	0.04%	0.15%	0.04%
	TILE	B	0.08%	0.31%	0.08%
	TMHC	B	0.17%	0.31%	0.17%
	TNC	D	0.05%	0.01%	0.01%
	TNET	D	0.08%	0.18%	0.08%
	TPH	D	0.14%	0.24%	0.14%
	TRNO	F	0.1%	0.25%	0.1%
	TROX	D	0.04%	0.17%	0.04%
	UBSI	B	0.17%	0.3%	0.17%
	UEC	B	0.07%	0.36%	0.07%
	UFPT	B	0.05%	0.24%	0.05%
	UMBF	B	0.27%	0.12%	0.12%
	UNFI	A	0.07%	0.19%	0.07%
	UNIT	B	0.08%	0.07%	0.07%
	UPBD	B	0.06%	0.18%	0.06%
	VCTR	B	0.07%	0.16%	0.07%
	VITL	D	0.05%	0.18%	0.05%
	VREX	C	0.06%	0.11%	0.06%
	VRNT	C	0.06%	0.04%	0.04%
	VRTS	B	0.06%	0.02%	0.02%
	WDFC	B	0.11%	0.28%	0.11%
	WGO	C	0.12%	0.17%	0.12%
	WHD	B	0.12%	0.28%	0.12%
	WK	B	0.2%	0.24%	0.2%
	WKC	D	0.05%	0.19%	0.05%
	WNC	C	0.05%	0.09%	0.05%
	WT	B	0.06%	0.11%	0.06%
	WTS	B	0.21%	0.3%	0.21%
	XHR	B	0.07%	0.19%	0.07%
	XRX	F	0.04%	0.09%	0.04%
	YELP	C	0.05%	0.25%	0.05%
	ZEUS	C	0.05%	0.12%	0.05%

ESML Overweight 658 Positions Relative to JPSE

	Symbol	Grade	Weight
	CASY	A	0.52%
	JHG	A	0.51%
	USFD	A	0.49%
	CVNA	B	0.48%
	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%
	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%
	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%
	DTM	B	0.28%
	COHR	B	0.28%
	SAIA	B	0.28%
	ITT	A	0.28%
	SCI	B	0.27%
	TOL	B	0.27%
	AVT	C	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%
	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%
	IVZ	B	0.24%
	ATR	B	0.24%
	HRI	B	0.24%
	NCLH	B	0.24%
	REZI	A	0.23%
	AFRM	B	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%
	WAL	B	0.22%
	AR	B	0.22%
	EGP	F	0.21%
	CMA	A	0.21%
	CACI	D	0.21%
	WMS	D	0.21%
	INSM	C	0.21%
	PCVX	D	0.21%
	ONTO	D	0.21%
	LSTR	D	0.21%
	CUZ	B	0.21%
	RHI	B	0.21%
	GME	C	0.21%
	ITRI	B	0.2%
	HOG	D	0.2%
	FND	C	0.2%
	LECO	B	0.2%
	KNSL	B	0.2%
	WHR	B	0.2%
	PLNT	A	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%
	RLI	B	0.2%
	HHH	B	0.2%
	BFAM	D	0.2%
	ZWS	B	0.2%
	PR	B	0.19%
	AMG	B	0.19%
	WING	D	0.19%
	CIEN	B	0.19%
	FCN	D	0.19%
	HAS	D	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%
	AA	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%
	MORN	B	0.18%
	DUOL	A	0.18%
	MDU	D	0.18%
	VFC	C	0.18%
	ENLC	A	0.18%
	LAZ	B	0.17%
	BERY	B	0.17%
	PCOR	B	0.17%
	PEN	B	0.17%
	ESTC	C	0.17%
	ASB	B	0.17%
	VVV	F	0.17%
	LPX	B	0.17%
	MSA	D	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%
	EAT	A	0.16%
	TNL	A	0.16%
	TKO	B	0.16%
	ACIW	B	0.16%
	SLM	A	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%
	CFLT	B	0.15%
	VLY	B	0.15%
	ECG	C	0.15%
	CADE	B	0.15%
	WH	B	0.15%
	MEDP	D	0.15%
	CRUS	D	0.15%
	CROX	D	0.15%
	CPF	A	0.15%
	AM	A	0.15%
	VNT	B	0.15%
	FIBK	A	0.15%
	NOV	C	0.15%
	LSCC	D	0.15%
	RRX	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%
	CHDN	B	0.14%
	GTLS	B	0.14%
	ESI	A	0.14%
	LFUS	F	0.14%
	CHE	D	0.14%
	RYAN	B	0.14%
	SMAR	A	0.14%
	PRIM	A	0.14%
	ALTR	B	0.14%
	MKSI	C	0.14%
	IBCP	B	0.14%
	BILL	A	0.14%
	TPX	B	0.14%
	CZR	F	0.14%
	ATI	D	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%
	MAT	D	0.13%
	FYBR	D	0.13%
	LRN	A	0.13%
	ORI	A	0.13%
	KNF	A	0.13%
	CYTK	F	0.13%
	AZEK	A	0.13%
	BOX	B	0.13%
	WTM	A	0.13%
	VMI	B	0.13%
	ELF	C	0.13%
	COLB	A	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%
	YETI	C	0.12%
	IRDM	D	0.12%
	KOS	F	0.12%
	RKLB	B	0.12%
	S	B	0.12%
	GL	B	0.12%
	CRDO	B	0.12%
	WERN	C	0.12%
	THO	B	0.12%
	ADT	C	0.12%
	GAP	C	0.12%
	PEGA	A	0.11%
	PATH	C	0.11%
	TXRH	C	0.11%
	JEF	A	0.11%
	DXC	B	0.11%
	KRC	C	0.11%
	GMED	A	0.11%
	VKTX	F	0.11%
	LYFT	C	0.11%
	XENE	D	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%
	ERII	D	0.1%
	PJT	A	0.1%
	RVMD	C	0.1%
	HCP	B	0.1%
	BRBR	A	0.1%
	TENB	C	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%
	VECO	F	0.1%
	NXT	C	0.1%
	ETSY	D	0.1%
	DY	D	0.1%
	BHVN	D	0.1%
	DNLI	D	0.1%
	DRS	B	0.1%
	LITE	B	0.1%
	FLR	B	0.1%
	AL	B	0.1%
	KD	B	0.1%
	AMAL	B	0.1%
	CGNX	C	0.1%
	ALTM	C	0.1%
	PSN	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%
	UPST	B	0.09%
	U	C	0.09%
	ARW	D	0.09%
	CNK	B	0.09%
	WEN	D	0.09%
	POST	C	0.09%
	SHAK	C	0.09%
	FR	C	0.09%
	CURB	D	0.09%
	SLAB	D	0.09%
	ZI	D	0.09%
	MTSI	B	0.09%
	ESE	B	0.09%
	NXST	C	0.09%
	RL	B	0.09%
	MARA	C	0.09%
	BRC	D	0.09%
	IMAX	B	0.09%
	LNC	B	0.09%
	POWL	C	0.09%
	ACHC	F	0.09%
	EVRI	A	0.08%
	AVPT	A	0.08%
	BXMT	C	0.08%
	ICUI	D	0.08%
	OLED	D	0.08%
	KTOS	B	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%
	TBBK	B	0.08%
	SPB	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%
	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%
	PIPR	B	0.08%
	TARS	B	0.08%
	PRKS	C	0.08%
	BWIN	D	0.08%
	HR	C	0.08%
	BOH	B	0.08%
	LNN	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%
	GBX	A	0.07%
	RARE	D	0.07%
	LBRDK	C	0.07%
	CWEN	C	0.07%
	WU	D	0.07%
	GT	C	0.07%
	HGV	B	0.07%
	SEE	C	0.07%
	HAFC	A	0.07%
	COLM	B	0.07%
	VSCO	B	0.07%
	TREX	C	0.07%
	GTES	A	0.07%
	VVX	C	0.07%
	SONO	C	0.07%
	PRGO	B	0.07%
	ZYME	C	0.07%
	ROG	D	0.07%
	ALHC	C	0.07%
	AZTA	D	0.07%
	HIMS	B	0.07%
	MHK	D	0.07%
	GH	B	0.07%
	BROS	B	0.07%
	FIVN	C	0.07%
	ATRC	C	0.07%
	HBI	B	0.07%
	BC	C	0.07%
	WTFC	A	0.07%
	WRBY	B	0.07%
	AN	C	0.07%
	CCCS	B	0.07%
	PAR	B	0.07%
	ATGE	B	0.06%
	CBZ	B	0.06%
	VRRM	D	0.06%
	CAR	C	0.06%
	FNA	C	0.06%
	SG	B	0.06%
	AAP	C	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%
	W	F	0.06%
	MBUU	C	0.06%
	PTCT	B	0.06%
	PLAY	D	0.06%
	AXSM	B	0.06%
	AGIO	C	0.06%
	NRIX	D	0.06%
	COKE	C	0.06%
	JWN	C	0.06%
	CHH	A	0.06%
	TGTX	B	0.06%
	CWAN	B	0.06%
	TDOC	C	0.06%
	EXP	A	0.06%
	CLH	B	0.06%
	ROCK	C	0.06%
	AIR	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%
	FROG	C	0.06%
	SFBS	B	0.06%
	PYCR	C	0.06%
	VBTX	B	0.06%
	HELE	C	0.06%
	CART	C	0.06%
	BOOT	D	0.06%
	SMTC	B	0.06%
	OWL	A	0.06%
	NVST	B	0.06%
	PPBI	B	0.06%
	ACVA	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%
	TALO	C	0.06%
	TGI	B	0.06%
	BYD	C	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%
	FUN	C	0.06%
	KREF	D	0.06%
	VRNS	D	0.06%
	CLF	F	0.06%
	MRUS	F	0.06%
	FOUR	B	0.06%
	MAN	D	0.06%
	VRDN	D	0.06%
	VERX	B	0.06%
	PAHC	C	0.06%
	MASI	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%
	RXST	F	0.05%
	EWCZ	F	0.05%
	TWST	D	0.05%
	HZO	D	0.05%
	AXL	C	0.05%
	ARVN	D	0.05%
	NUVB	C	0.05%
	ETNB	C	0.05%
	RYN	D	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%
	FTRE	D	0.05%
	INFA	D	0.05%
	GERN	D	0.05%
	APGE	F	0.05%
	VSTS	C	0.05%
	FLG	C	0.05%
	CLVT	F	0.05%
	XRAY	F	0.05%
	ACEL	C	0.05%
	BASE	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%
	KSS	F	0.05%
	AMBC	C	0.05%
	PTGX	C	0.05%
	BEAM	D	0.05%
	XPEL	C	0.05%
	PFS	B	0.05%
	EDR	A	0.05%
	REVG	B	0.05%
	PRAA	C	0.05%
	SPR	D	0.05%
	MNRO	D	0.05%
	SMP	B	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%
	XPRO	F	0.05%
	RAMP	C	0.05%
	ZUO	B	0.05%
	VYX	B	0.05%
	BGC	C	0.05%
	JANX	C	0.05%
	PDFS	C	0.05%
	IART	C	0.05%
	CC	C	0.05%
	TMDX	F	0.05%
	SKY	A	0.05%
	BE	B	0.05%
	LIVN	F	0.05%
	AORT	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%
	RNG	B	0.05%
	ARQT	C	0.05%
	NUVL	D	0.05%
	LEG	F	0.05%
	JBGS	D	0.05%
	UAA	C	0.05%
	RUSHA	C	0.05%
	NCNO	B	0.05%
	COLD	D	0.05%
	NBHC	B	0.05%
	ALKT	B	0.05%
	PD	C	0.05%
	CIVI	D	0.05%
	RCKT	F	0.04%
	FOXF	F	0.04%
	BKD	D	0.04%
	HOUS	D	0.04%
	GPRE	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%
	ESTA	D	0.04%
	SPT	C	0.04%
	JAMF	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%
	IMVT	F	0.04%
	RCUS	F	0.04%
	NABL	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%
	BBIO	F	0.04%
	DK	C	0.04%
	QDEL	F	0.04%
	ARLO	C	0.04%
	ALEC	F	0.04%
	FLO	D	0.04%
	NVCR	C	0.04%
	IVR	F	0.04%
	BRZE	C	0.04%
	LGF.A	C	0.04%
	UCB	A	0.04%
	KRYS	B	0.04%
	RXRX	F	0.04%
	COGT	D	0.04%
	RKT	F	0.04%
	AHH	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%
	CPRI	F	0.03%
	ETWO	F	0.03%
	MQ	F	0.03%
	JELD	F	0.03%
	KELYA	F	0.03%
	AGL	F	0.02%
	NOVA	F	0.02%
	VSAT	F	0.02%
	SEDG	F	0.02%
	ASPN	F	0.02%
	GDOT	D	0.01%
	MAGN	F	0.01%

ESML Underweight 284 Positions Relative to JPSE

	Symbol	Grade	Weight
	SMR	B	-0.67%
	GEO	B	-0.55%
	CORT	B	-0.43%
	IDT	B	-0.39%
	MLI	C	-0.39%
	CXW	B	-0.39%
	TPB	B	-0.38%
	ENVA	B	-0.36%
	PRDO	B	-0.35%
	LAUR	A	-0.35%
	CENX	B	-0.34%
	MATX	C	-0.34%
	SKYW	B	-0.33%
	CEIX	A	-0.32%
	BKE	B	-0.32%
	UFPI	B	-0.32%
	CSWI	A	-0.32%
	PBH	A	-0.31%
	UE	C	-0.31%
	AKR	B	-0.31%
	TTMI	B	-0.31%
	KRG	B	-0.3%
	BKH	A	-0.3%
	ANET	C	-0.3%
	LGND	B	-0.3%
	NMRK	B	-0.3%
	CTRE	D	-0.29%
	LTC	B	-0.29%
	PATK	D	-0.29%
	LZB	B	-0.29%
	CWST	A	-0.29%
	ALE	A	-0.28%
	NWE	B	-0.28%
	SXC	A	-0.28%
	HLNE	B	-0.28%
	MGY	A	-0.28%
	OTTR	C	-0.27%
	PLAB	C	-0.27%
	AX	A	-0.27%
	GMS	B	-0.27%
	INVA	D	-0.27%
	POR	C	-0.27%
	FCPT	C	-0.26%
	GSAT	C	-0.26%
	ARCH	B	-0.26%
	FDP	B	-0.26%
	CARG	C	-0.26%
	NHI	D	-0.26%
	ROIC	A	-0.25%
	VIAV	B	-0.25%
	SXI	B	-0.25%
	EXTR	B	-0.25%
	SHO	C	-0.25%
	JJSF	B	-0.25%
	RYI	C	-0.25%
	MGEE	C	-0.25%
	DHT	F	-0.25%
	BTU	B	-0.24%
	SCVL	F	-0.24%
	FIZZ	C	-0.24%
	APOG	B	-0.24%
	NGVT	B	-0.24%
	IRT	A	-0.24%
	HOMB	A	-0.24%
	IIPR	D	-0.24%
	SANM	B	-0.24%
	WTTR	B	-0.24%
	JOE	F	-0.24%
	ECVT	C	-0.23%
	EFC	C	-0.23%
	SWBI	C	-0.23%
	AMR	C	-0.23%
	APLE	B	-0.23%
	OFG	B	-0.23%
	ETD	C	-0.23%
	ESGR	B	-0.22%
	UTZ	D	-0.22%
	UVV	B	-0.22%
	COLL	F	-0.22%
	UCTT	D	-0.22%
	KALU	C	-0.22%
	SUPN	C	-0.22%
	NTB	B	-0.22%
	LANC	C	-0.22%
	RLJ	C	-0.22%
	GPOR	B	-0.22%
	CRK	B	-0.21%
	AMPH	D	-0.21%
	SCSC	B	-0.21%
	CATY	B	-0.21%
	QLYS	C	-0.21%
	WAFD	B	-0.21%
	SCS	C	-0.2%
	GNW	A	-0.2%
	STNG	F	-0.2%
	DBRG	F	-0.2%
	OEC	C	-0.2%
	DRH	B	-0.2%
	LBRT	D	-0.19%
	INSW	F	-0.19%
	EQC	B	-0.19%
	STRA	C	-0.19%
	GFF	A	-0.19%
	ASTH	D	-0.19%
	REX	D	-0.19%
	COHU	C	-0.19%
	WOR	F	-0.19%
	HLF	C	-0.19%
	IMKTA	C	-0.19%
	KWR	C	-0.19%
	ASO	F	-0.18%
	EAF	C	-0.18%
	HAYN	C	-0.18%
	LXU	B	-0.18%
	HE	C	-0.18%
	DVAX	C	-0.18%
	LILAK	D	-0.17%
	LPG	F	-0.17%
	CNXN	C	-0.17%
	HOPE	B	-0.17%
	LADR	B	-0.17%
	EGHT	C	-0.17%
	NWBI	B	-0.17%
	ANIP	F	-0.17%
	DIOD	D	-0.17%
	EIG	B	-0.17%
	JBSS	D	-0.17%
	AMSC	B	-0.17%
	USPH	B	-0.17%
	URBN	C	-0.17%
	CSTM	F	-0.16%
	NAVI	C	-0.16%
	DOLE	D	-0.16%
	RYAM	C	-0.16%
	WMK	C	-0.16%
	MED	F	-0.16%
	NOG	A	-0.16%
	NTCT	C	-0.16%
	PMT	D	-0.16%
	VSH	D	-0.16%
	GTY	B	-0.16%
	CMRE	C	-0.16%
	MATV	D	-0.15%
	WSR	A	-0.15%
	ALEX	C	-0.15%
	SGRY	F	-0.15%
	ACRE	C	-0.15%
	CENTA	C	-0.15%
	CLFD	D	-0.15%
	RGR	F	-0.14%
	RDFN	D	-0.14%
	SPTN	D	-0.14%
	SFNC	B	-0.14%
	WSBC	A	-0.14%
	YOU	D	-0.14%
	FUBO	F	-0.13%
	SHEN	F	-0.13%
	HTH	B	-0.13%
	CHEF	A	-0.13%
	PARR	D	-0.13%
	BGS	F	-0.13%
	METC	C	-0.13%
	HVT	D	-0.13%
	ASIX	A	-0.13%
	INN	D	-0.12%
	ACCO	C	-0.12%
	EVTC	B	-0.12%
	IVT	B	-0.12%
	ENS	D	-0.12%
	ACT	D	-0.12%
	AIN	C	-0.12%
	IPAR	B	-0.12%
	BZH	B	-0.11%
	ASC	F	-0.11%
	SNEX	B	-0.11%
	COMM	D	-0.11%
	IGT	F	-0.11%
	MGPI	F	-0.11%
	CVI	F	-0.11%
	EXPI	C	-0.11%
	CNSL	C	-0.1%
	ARI	C	-0.1%
	SD	D	-0.1%
	SSTK	F	-0.1%
	HRMY	D	-0.1%
	BXC	B	-0.1%
	OXM	D	-0.1%
	USNA	C	-0.1%
	HOV	D	-0.1%
	OCFC	B	-0.1%
	NSP	D	-0.1%
	GNK	D	-0.1%
	BLMN	F	-0.1%
	NUS	D	-0.09%
	TRMK	B	-0.09%
	IPI	B	-0.09%
	MSEX	B	-0.09%
	AGM	C	-0.09%
	ACLS	F	-0.09%
	PHIN	A	-0.09%
	RES	D	-0.09%
	CASH	A	-0.09%
	HSII	B	-0.08%
	PRM	C	-0.08%
	FCF	A	-0.08%
	SAFT	C	-0.08%
	OSUR	F	-0.08%
	SLP	D	-0.08%
	CNS	B	-0.08%
	DORM	B	-0.08%
	CHCO	B	-0.07%
	FRME	B	-0.07%
	BSIG	A	-0.07%
	FLNG	B	-0.07%
	NHC	C	-0.07%
	HUBG	A	-0.07%
	TRST	A	-0.07%
	SRCE	B	-0.07%
	GIII	D	-0.07%
	BUSE	B	-0.06%
	CARS	B	-0.06%
	AHCO	F	-0.06%
	CHCT	C	-0.06%
	RBCAA	B	-0.06%
	ZUMZ	C	-0.06%
	B	B	-0.06%
	USAP	B	-0.06%
	CTBI	B	-0.06%
	SWI	B	-0.06%
	RWT	D	-0.06%
	CWCO	C	-0.06%
	MITK	C	-0.05%
	NAT	F	-0.05%
	HCSG	C	-0.05%
	SYNA	C	-0.05%
	NX	C	-0.05%
	ZYXI	D	-0.05%
	AVNS	F	-0.05%
	NPK	B	-0.05%
	KRO	D	-0.05%
	SVC	F	-0.05%
	PLL	C	-0.05%
	AVNW	F	-0.05%
	SCHL	D	-0.04%
	BANF	B	-0.04%
	GTN	F	-0.04%
	TH	C	-0.04%
	NATR	C	-0.04%
	WOW	B	-0.04%
	NR	B	-0.04%
	HMN	B	-0.04%
	ATEX	D	-0.04%
	RC	D	-0.03%
	IRWD	F	-0.03%
	AIV	C	-0.03%
	OSPN	A	-0.03%
	VNDA	C	-0.03%
	CWH	B	-0.03%
	THFF	B	-0.03%
	DXPE	B	-0.03%
	MYE	F	-0.03%
	LFMD	D	-0.03%
	CSV	B	-0.03%
	GRWG	F	-0.03%
	GIC	D	-0.02%
	RGP	F	-0.02%
	CCSI	C	-0.02%
	LWLG	F	-0.02%
	TG	D	-0.02%
	SRDX	B	-0.02%
	CIX	D	-0.02%
	AVD	D	-0.02%
	TRS	B	-0.02%
	AAOI	B	-0.02%
	PCRX	C	-0.02%
	TRTX	B	-0.01%
	TBI	F	-0.01%
	BH	B	-0.01%
	BOOM	F	-0.01%
	AOSL	C	-0.01%
	UNF	B	-0.01%
	ANIK	F	-0.01%
	ODP	F	-0.0%
	STHO	F	-0.0%

ESML: Top Represented Industries & Keywords

Industries: Biotechnology Banks - Regional - US Software - Application Software - Infrastructure Diversified Industrials Business Services Diagnostics & Research Medical Devices Asset Management Building Materials Engineering & Construction Specialty Chemicals Specialty Retail Information Technology Services Oil & Gas E&P Oil & Gas Equipment & Services REIT - Diversified Auto Parts Electronic Components Aerospace & Defense

Keywords: Medicine Banking Bank Biopharmaceutical Real Estate Investment Trust Computing Chemical Natural Gas Biotechnology Cancer Deposit Products Mining Insurance Construction Telecommunications Aerospace Commercial Banking Electronics Real Estate Loans Transport

JPSE: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Specialty Chemicals Software - Application Diversified Industrials Telecom Services Oil & Gas E&P Packaged Foods Biotechnology Communication Equipment REIT - Hotel & Motel REIT - Retail Asset Management Electronic Components Oil & Gas Equipment & Services REIT - Office Diagnostics & Research Residential Construction Shipping & Ports Coal

Keywords: Real Estate Investment Trust Bank Banking Natural Gas Chemical Telecommunications Medicine Mining Computing Deposit Products Mortgage Loan Aerospace Clothing Semiconductor Broadband Real Estate Loans Retail Store Steel Alloys Building Materials