ESML vs. JSTC ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Adasina Social Justice All Cap Global ETF (JSTC)

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

$43.58

Average Daily Volume

90,661

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

JSTC

Adasina Social Justice All Cap Global ETF

JSTC Description

The investment seeks capital appreciation and income. The fund is an actively-managed exchange-traded fund (?ETF?) that seeks to achieve its investment objective by investing the fund?s assets in a portfolio of global companies whose business practices are aligned with the social justice investment criteria. Under normal market conditions, it will invest in at least three countries (one of which may be the United States) and will invest at least 40% of its total assets at the time of purchase in non?U.S. companies.

Grade (RS Rating)

Last Trade

$18.80

Average Daily Volume

15,220

Number of Holdings ^*

335

* may have additional holdings in another (foreign) market

Performance

Period	ESML	JSTC
30 Days	1.97%	-1.69%
60 Days	4.70%	0.67%
90 Days	7.67%	2.59%
12 Months	29.08%	17.63%

163 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in JSTC	Overlap
AAON	B	0.25%	0.05%	0.05%
ACIW	B	0.16%	0.04%	0.04%
AGO	A	0.06%	0.04%	0.04%
AL	B	0.1%	0.07%	0.07%
ALTR	B	0.14%	0.03%	0.03%
AMG	C	0.19%	0.09%	0.09%
AMWD	C	0.08%	0.1%	0.08%
APAM	B	0.1%	0.09%	0.09%
APG	C	0.06%	0.06%	0.06%
ASAN	C	0.05%	0.02%	0.02%
ASB	B	0.17%	0.06%	0.06%
ATR	B	0.24%	0.13%	0.13%
AVT	C	0.27%	0.06%	0.06%
AWR	A	0.05%	0.14%	0.05%
AXTA	B	0.27%	0.14%	0.14%
AZEK	B	0.13%	0.04%	0.04%
AZZ	A	0.07%	0.14%	0.07%
BDC	B	0.2%	0.05%	0.05%
BGC	C	0.05%	0.04%	0.04%
BKU	A	0.06%	0.03%	0.03%
BL	C	0.08%	0.03%	0.03%
BLD	F	0.26%	0.02%	0.02%
BOX	B	0.13%	0.02%	0.02%
BPOP	C	0.08%	0.02%	0.02%
BYD	B	0.06%	0.09%	0.06%
CABO	C	0.13%	0.03%	0.03%
CALX	D	0.05%	0.02%	0.02%
CBZ	B	0.06%	0.05%	0.05%
CCS	F	0.06%	0.03%	0.03%
CFLT	B	0.15%	0.03%	0.03%
CFR	B	0.1%	0.06%	0.06%
CGNX	D	0.1%	0.03%	0.03%
CHE	F	0.14%	0.04%	0.04%
CNM	C	0.22%	0.01%	0.01%
CNMD	C	0.05%	0.03%	0.03%
CNO	B	0.2%	0.07%	0.07%
CR	A	0.19%	0.04%	0.04%
CRUS	F	0.15%	0.02%	0.02%
CSGS	B	0.11%	0.04%	0.04%
CVLT	B	0.22%	0.03%	0.03%
CWT	C	0.04%	0.12%	0.04%
DLB	F	0.16%	0.08%	0.08%
DLX	B	0.06%	0.06%	0.06%
DY	C	0.1%	0.04%	0.04%
EHC	B	0.29%	0.07%	0.07%
ENOV	C	0.08%	0.04%	0.04%
EPAC	B	0.13%	0.16%	0.13%
EWBC	A	0.4%	0.79%	0.4%
EXLS	B	0.23%	0.04%	0.04%
EYE	C	0.06%	0.02%	0.02%
FIBK	B	0.15%	0.02%	0.02%
FIX	A	0.38%	0.03%	0.03%
FN	B	0.17%	0.03%	0.03%
FORM	F	0.04%	0.01%	0.01%
FOXF	F	0.04%	0.01%	0.01%
FRPT	A	0.19%	0.03%	0.03%
FSS	B	0.15%	0.05%	0.05%
FTDR	B	0.22%	0.06%	0.06%
FTRE	D	0.05%	0.02%	0.02%
FUL	F	0.1%	0.12%	0.1%
GBCI	B	0.3%	0.03%	0.03%
GH	B	0.07%	0.02%	0.02%
GKOS	A	0.18%	0.03%	0.03%
GO	C	0.05%	0.02%	0.02%
GTLB	B	0.15%	0.02%	0.02%
GWRE	A	0.43%	0.07%	0.07%
HAE	C	0.12%	0.03%	0.03%
HALO	F	0.11%	0.02%	0.02%
HCP	B	0.1%	0.02%	0.02%
HI	C	0.07%	0.04%	0.04%
HRI	C	0.24%	0.08%	0.08%
HURN	B	0.06%	0.2%	0.06%
IART	C	0.05%	0.02%	0.02%
IBP	F	0.09%	0.06%	0.06%
IMAX	A	0.09%	0.04%	0.04%
INSM	C	0.21%	0.13%	0.13%
INSP	F	0.08%	0.03%	0.03%
IONS	F	0.05%	0.02%	0.02%
ITGR	B	0.13%	0.04%	0.04%
JELD	F	0.03%	0.04%	0.03%
JXN	C	0.14%	0.09%	0.09%
KAR	A	0.11%	0.04%	0.04%
KFY	B	0.09%	0.07%	0.07%
KLIC	C	0.13%	0.02%	0.02%
KNSL	B	0.2%	0.02%	0.02%
LCII	D	0.1%	0.03%	0.03%
LNC	B	0.09%	0.08%	0.08%
LNTH	F	0.1%	0.02%	0.02%
LNW	F	0.19%	0.03%	0.03%
MASI	B	0.06%	0.04%	0.04%
MEDP	D	0.15%	0.02%	0.02%
MGNI	A	0.06%	0.02%	0.02%
MMI	B	0.05%	0.09%	0.05%
MMSI	A	0.15%	0.03%	0.03%
MOD	A	0.15%	0.03%	0.03%
MSA	D	0.17%	0.05%	0.05%
MTG	D	0.23%	0.04%	0.04%
MXL	C	0.05%	0.02%	0.02%
NBTB	B	0.06%	0.1%	0.06%
NOVT	D	0.19%	0.03%	0.03%
NPO	A	0.13%	0.04%	0.04%
NSIT	F	0.13%	0.02%	0.02%
NTLA	F	0.04%	0.01%	0.01%
NTNX	B	0.36%	0.02%	0.02%
NVST	C	0.06%	0.03%	0.03%
NVT	C	0.19%	0.02%	0.02%
NWL	B	0.1%	0.02%	0.02%
OGN	F	0.09%	0.01%	0.01%
OPCH	F	0.09%	0.01%	0.01%
PCOR	C	0.17%	0.02%	0.02%
PCTY	B	0.2%	0.03%	0.03%
PDCO	F	0.13%	0.02%	0.02%
PIPR	B	0.08%	0.04%	0.04%
PLMR	A	0.08%	0.02%	0.02%
POWI	D	0.06%	0.02%	0.02%
PRGS	B	0.24%	0.04%	0.04%
PRO	C	0.06%	0.04%	0.04%
PRVA	C	0.08%	0.02%	0.02%
QTWO	B	0.12%	0.03%	0.03%
RCKT	F	0.04%	0.01%	0.01%
REZI	A	0.23%	0.02%	0.02%
RGA	B	0.3%	0.02%	0.02%
RGEN	F	0.16%	0.02%	0.02%
RH	D	0.06%	0.03%	0.03%
RHI	C	0.21%	0.09%	0.09%
RMBS	C	0.14%	0.03%	0.03%
RNST	B	0.08%	0.08%	0.08%
ROG	D	0.07%	0.02%	0.02%
RYAN	B	0.14%	0.14%	0.14%
SEE	D	0.07%	0.05%	0.05%
SIGI	B	0.29%	0.03%	0.03%
SITE	D	0.16%	0.04%	0.04%
SJW	F	0.09%	0.06%	0.06%
SLAB	F	0.09%	0.02%	0.02%
SMAR	A	0.14%	0.03%	0.03%
SPB	C	0.08%	0.03%	0.03%
SPSC	F	0.16%	0.02%	0.02%
SRPT	F	0.18%	0.02%	0.02%
SSB	B	0.27%	0.04%	0.04%
SSD	D	0.1%	0.06%	0.06%
SXT	C	0.07%	0.09%	0.07%
TDC	D	0.1%	0.02%	0.02%
TDOC	D	0.06%	0.02%	0.02%
TENB	D	0.1%	0.02%	0.02%
TNC	F	0.05%	0.02%	0.02%
TNET	F	0.08%	0.04%	0.04%
TPH	D	0.14%	0.05%	0.05%
TREX	D	0.07%	0.02%	0.02%
UBSI	B	0.17%	0.03%	0.03%
VC	F	0.1%	0.02%	0.02%
VREX	C	0.06%	0.03%	0.03%
VRNS	D	0.06%	0.03%	0.03%
VRTS	B	0.06%	0.08%	0.06%
WAL	B	0.22%	0.05%	0.05%
WBS	A	0.27%	0.05%	0.05%
WCC	B	0.24%	0.07%	0.07%
WD	D	0.06%	0.05%	0.05%
WEX	F	0.25%	0.05%	0.05%
WK	C	0.2%	0.02%	0.02%
WSC	F	0.17%	0.04%	0.04%
WTS	B	0.21%	0.07%	0.07%
YETI	D	0.12%	0.02%	0.02%
ZD	B	0.08%	0.03%	0.03%

ESML Overweight 741 Positions Relative to JSTC

Symbol	Grade	Weight
CASY	A	0.52%
JHG	B	0.51%
USFD	A	0.49%
CVNA	A	0.48%
SFM	A	0.43%
INGR	B	0.42%
KBR	F	0.35%
FTI	A	0.35%
AYI	B	0.34%
JLL	D	0.34%
MUSA	B	0.34%
FLEX	B	0.33%
XPO	B	0.33%
IBKR	A	0.32%
FRT	B	0.31%
REXR	F	0.31%
NTRA	A	0.31%
OGS	A	0.31%
OSK	C	0.3%
BWXT	A	0.3%
BMI	C	0.3%
PNFP	B	0.3%
SNV	B	0.3%
TPR	B	0.29%
RGLD	C	0.29%
R	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
DTM	A	0.28%
COHR	B	0.28%
SAIA	C	0.28%
ITT	A	0.28%
SCI	A	0.27%
TOL	B	0.27%
UMBF	B	0.27%
GPK	D	0.26%
ALSN	B	0.26%
MWA	B	0.25%
UNM	A	0.25%
DCI	B	0.25%
RRC	B	0.25%
BJ	B	0.25%
FTAI	A	0.24%
UGI	C	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	C	0.24%
NCLH	B	0.24%
AFRM	A	0.23%
CBSH	A	0.23%
ARMK	C	0.23%
PRI	A	0.23%
AWI	B	0.23%
ALK	A	0.23%
CW	B	0.23%
FHN	A	0.23%
THC	C	0.23%
SOFI	A	0.22%
LAD	B	0.22%
GNRC	B	0.22%
FELE	B	0.22%
CMC	B	0.22%
AR	B	0.22%
EGP	D	0.21%
CDP	C	0.21%
CMA	B	0.21%
CACI	C	0.21%
WMS	F	0.21%
PCVX	D	0.21%
ONTO	F	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
GME	C	0.21%
NJR	A	0.21%
ITRI	B	0.2%
HOG	F	0.2%
FND	F	0.2%
LECO	C	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	C	0.2%
OMF	A	0.2%
NFG	A	0.2%
ZION	B	0.2%
BHLB	B	0.2%
ENSG	D	0.2%
RLI	A	0.2%
HHH	B	0.2%
BFAM	F	0.2%
ZWS	B	0.2%
AVA	C	0.19%
PR	B	0.19%
WING	D	0.19%
CIEN	B	0.19%
FCN	F	0.19%
LUMN	C	0.19%
HAS	D	0.19%
ONB	B	0.19%
AXS	A	0.19%
HRB	D	0.19%
OHI	B	0.19%
SNDR	B	0.19%
DAR	B	0.19%
GPI	B	0.19%
AA	A	0.19%
RHP	B	0.19%
WWD	B	0.19%
BANR	B	0.18%
SF	B	0.18%
NYT	D	0.18%
BWA	D	0.18%
SPXC	A	0.18%
THG	A	0.18%
KNTK	A	0.18%
MORN	B	0.18%
DUOL	A	0.18%
EPRT	A	0.18%
MDU	D	0.18%
VFC	C	0.18%
ENLC	A	0.18%
MTH	D	0.17%
AEIS	B	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	D	0.17%
PCH	D	0.17%
TMHC	B	0.17%
PEN	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
VVV	D	0.17%
LPX	B	0.17%
GATX	B	0.17%
MTZ	A	0.17%
KTB	A	0.16%
BRX	A	0.16%
MYRG	C	0.16%
DBX	C	0.16%
TTEK	F	0.16%
FAF	C	0.16%
EAT	A	0.16%
HQY	A	0.16%
TNL	B	0.16%
TKO	A	0.16%
SLM	B	0.16%
BCC	C	0.16%
BHE	B	0.16%
JAZZ	C	0.16%
FLS	A	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%
CROX	F	0.15%
CPF	B	0.15%
ANF	C	0.15%
AM	A	0.15%
VNT	C	0.15%
CRS	A	0.15%
NOV	D	0.15%
LSCC	D	0.15%
RRX	B	0.15%
HNI	B	0.15%
ITCI	B	0.15%
WFRD	F	0.15%
PINC	B	0.14%
OZK	B	0.14%
HXL	F	0.14%
BECN	B	0.14%
X	C	0.14%
CHDN	C	0.14%
GTLS	A	0.14%
ESI	B	0.14%
LFUS	D	0.14%
SR	A	0.14%
PRIM	A	0.14%
ACA	A	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
BILL	B	0.14%
IDCC	B	0.14%
ASGN	F	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	C	0.14%
FMC	D	0.14%
AVAV	C	0.13%
M	D	0.13%
HESM	A	0.13%
BRKR	F	0.13%
CAVA	C	0.13%
AIT	B	0.13%
MAT	D	0.13%
STRL	A	0.13%
CBT	C	0.13%
FYBR	C	0.13%
LRN	A	0.13%
ORI	A	0.13%
KNF	B	0.13%
SWX	A	0.13%
CYTK	D	0.13%
CPK	A	0.13%
MUR	F	0.13%
WTM	A	0.13%
BCPC	B	0.13%
VMI	B	0.13%
ELF	C	0.13%
COLB	B	0.13%
AGCO	F	0.13%
HIW	D	0.13%
CVBF	B	0.12%
AGNC	C	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
IRDM	F	0.12%
KOS	D	0.12%
RKLB	B	0.12%
WGO	D	0.12%
WHD	B	0.12%
BLKB	B	0.12%
S	B	0.12%
GL	C	0.12%
ABG	B	0.12%
CRDO	B	0.12%
WERN	B	0.12%
THO	C	0.12%
MTX	C	0.12%
ADT	B	0.12%
GAP	D	0.12%
FULT	B	0.12%
PEGA	B	0.11%
PATH	C	0.11%
TXRH	B	0.11%
JEF	A	0.11%
DXC	D	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	D	0.11%
WDFC	B	0.11%
SHOO	D	0.11%
CRNX	C	0.11%
APPF	C	0.11%
ECPG	C	0.11%
EFSC	B	0.11%
SON	F	0.11%
ADC	A	0.11%
MRCY	C	0.11%
LBRDA	C	0.11%
RXO	C	0.1%
HASI	F	0.1%
ERII	D	0.1%
PJT	B	0.1%
AROC	A	0.1%
SCL	D	0.1%
RVMD	B	0.1%
BRBR	A	0.1%
ALKS	C	0.1%
TRN	A	0.1%
FA	D	0.1%
DV	C	0.1%
CAC	B	0.1%
STWD	C	0.1%
VECO	F	0.1%
NXT	D	0.1%
SLG	B	0.1%
ETSY	D	0.1%
BHVN	C	0.1%
DNLI	C	0.1%
DRS	B	0.1%
CRC	A	0.1%
LITE	B	0.1%
PFSI	C	0.1%
FLR	B	0.1%
TRNO	D	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
KD	A	0.1%
SIG	C	0.1%
AMAL	B	0.1%
ALTM	C	0.1%
PSN	C	0.1%
FIVE	F	0.1%
LEA	F	0.1%
VNO	C	0.09%
AMED	F	0.09%
RNA	C	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
U	F	0.09%
ARW	F	0.09%
CNK	A	0.09%
WEN	C	0.09%
POST	C	0.09%
SHAK	C	0.09%
RDN	D	0.09%
MGRC	B	0.09%
FR	C	0.09%
CURB	D	0.09%
ZI	D	0.09%
MTSI	B	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	C	0.09%
ATKR	D	0.09%
HWC	B	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	C	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
SBRA	B	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	F	0.08%
KTOS	C	0.08%
KOP	C	0.08%
ICFI	F	0.08%
AUR	C	0.08%
EWTX	C	0.08%
BPMC	C	0.08%
IESC	A	0.08%
TILE	B	0.08%
TBBK	B	0.08%
IOSP	C	0.08%
ACLX	C	0.08%
SNX	D	0.08%
CRSP	D	0.08%
VSEC	B	0.08%
INTA	B	0.08%
ST	F	0.08%
ALG	C	0.08%
SASR	B	0.08%
PLYA	B	0.08%
LBPH	A	0.08%
TEX	D	0.08%
INDB	B	0.08%
CHWY	B	0.08%
VAC	C	0.08%
TDS	B	0.08%
TARS	C	0.08%
PRKS	B	0.08%
BWIN	D	0.08%
AEO	F	0.08%
HR	C	0.08%
NTGR	A	0.08%
UNIT	B	0.08%
BOH	B	0.08%
LNN	B	0.08%
STC	B	0.08%
MAC	A	0.08%
PRCT	B	0.08%
JBT	A	0.08%
DOCS	C	0.08%
GVA	A	0.08%
MIR	A	0.08%
DEA	D	0.07%
AAT	A	0.07%
SKT	A	0.07%
EE	A	0.07%
GBX	B	0.07%
RARE	F	0.07%
LBRDK	C	0.07%
UEC	A	0.07%
CWEN	C	0.07%
WU	F	0.07%
GT	C	0.07%
HGV	C	0.07%
ESRT	C	0.07%
PECO	A	0.07%
HAFC	B	0.07%
COLM	B	0.07%
VSCO	A	0.07%
CWK	C	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	C	0.07%
ZYME	C	0.07%
SEM	B	0.07%
ALHC	C	0.07%
AZTA	F	0.07%
HIMS	C	0.07%
MHK	D	0.07%
HWKN	B	0.07%
BROS	A	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
BC	D	0.07%
CTS	C	0.07%
WTFC	B	0.07%
WRBY	A	0.07%
AN	D	0.07%
PI	D	0.07%
CCCS	B	0.07%
NWN	A	0.07%
OUT	A	0.07%
PAR	A	0.07%
UNFI	B	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
VRRM	F	0.06%
CAR	C	0.06%
FNA	B	0.06%
WT	A	0.06%
SG	B	0.06%
AAP	D	0.06%
TMCI	C	0.06%
CLSK	C	0.06%
IRON	C	0.06%
DCO	B	0.06%
VERA	C	0.06%
RBBN	B	0.06%
PBF	D	0.06%
SATS	C	0.06%
W	D	0.06%
MBUU	C	0.06%
PTCT	C	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	D	0.06%
COKE	C	0.06%
JWN	C	0.06%
CMCO	C	0.06%
CHH	A	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
EXP	B	0.06%
ATEN	A	0.06%
CLH	C	0.06%
ROCK	D	0.06%
PNTG	D	0.06%
AIR	B	0.06%
CLNE	F	0.06%
CMP	C	0.06%
CAKE	B	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
FL	F	0.06%
ANDE	F	0.06%
FROG	C	0.06%
SFBS	B	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	F	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	D	0.06%
SMTC	C	0.06%
PLUS	F	0.06%
OWL	A	0.06%
PPBI	B	0.06%
ACVA	A	0.06%
SM	C	0.06%
RCM	A	0.06%
ROIV	D	0.06%
FLYW	B	0.06%
IDYA	F	0.06%
PK	D	0.06%
ADMA	C	0.06%
CLB	C	0.06%
MNKD	B	0.06%
TALO	C	0.06%
TGI	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%
CLF	F	0.06%
MRUS	F	0.06%
FOUR	A	0.06%
MAN	F	0.06%
VRDN	D	0.06%
VERX	A	0.06%
PDM	D	0.06%
PAHC	B	0.06%
UPBD	C	0.06%
CALM	A	0.06%
IBOC	B	0.06%
VVI	B	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	D	0.05%
RXST	F	0.05%
EWCZ	D	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	D	0.05%
HLX	C	0.05%
RYN	D	0.05%
ALRM	C	0.05%
PLOW	D	0.05%
DOCN	D	0.05%
ARKO	D	0.05%
SHC	F	0.05%
CECO	C	0.05%
LEVI	F	0.05%
ICHR	C	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	F	0.05%
APGE	F	0.05%
VSTS	F	0.05%
FLG	D	0.05%
ARCB	C	0.05%
CDE	C	0.05%
CLVT	D	0.05%
XRAY	D	0.05%
GOGO	C	0.05%
PSMT	D	0.05%
ACEL	C	0.05%
BASE	C	0.05%
WNC	D	0.05%
MLTX	C	0.05%
SLNO	C	0.05%
INVX	C	0.05%
PENN	C	0.05%
MLNK	C	0.05%
MODG	F	0.05%
MPW	F	0.05%
AI	B	0.05%
KSS	F	0.05%
AMBC	C	0.05%
PTGX	D	0.05%
BEAM	C	0.05%
XPEL	C	0.05%
PFS	B	0.05%
PGRE	D	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	D	0.05%
INFN	D	0.05%
MRC	B	0.05%
SPR	D	0.05%
MNRO	C	0.05%
WKC	D	0.05%
SMP	C	0.05%
VITL	D	0.05%
LCID	F	0.05%
ELVN	C	0.05%
CWEN	C	0.05%
MTTR	B	0.05%
KYMR	C	0.05%
HAYW	B	0.05%
EMBC	D	0.05%
NEO	C	0.05%
SLVM	C	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	C	0.05%
OMCL	C	0.05%
HCC	B	0.05%
JANX	C	0.05%
PDFS	D	0.05%
CSTL	C	0.05%
CC	D	0.05%
MHO	D	0.05%
PRG	C	0.05%
FFBC	B	0.05%
GEF	B	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	A	0.05%
ADUS	D	0.05%
LIVN	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	B	0.05%
KMPR	A	0.05%
EPR	D	0.05%
MDGL	C	0.05%
ASTE	C	0.05%
CUBI	C	0.05%
ARWR	D	0.05%
KVYO	D	0.05%
LOPE	B	0.05%
UFPT	C	0.05%
RNG	C	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
ARQT	C	0.05%
GEF	B	0.05%
NUVL	D	0.05%
LEG	F	0.05%
YELP	C	0.05%
JBGS	F	0.05%
UAA	C	0.05%
RUSHA	B	0.05%
NCNO	B	0.05%
COOP	B	0.05%
COLD	F	0.05%
NBHC	B	0.05%
AGYS	A	0.05%
ALKT	B	0.05%
PD	C	0.05%
CIVI	D	0.05%
CRAI	B	0.05%
OMI	F	0.04%
CLW	F	0.04%
HPP	F	0.04%
BKD	F	0.04%
CAL	F	0.04%
HOUS	D	0.04%
GPRE	F	0.04%
FLGT	F	0.04%
NEP	F	0.04%
KURA	F	0.04%
XRX	F	0.04%
CRI	F	0.04%
QS	D	0.04%
PRTA	F	0.04%
PGNY	F	0.04%
CLDX	F	0.04%
EGY	F	0.04%
ESTA	F	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CXM	C	0.04%
TNDM	F	0.04%
CGEM	F	0.04%
COUR	F	0.04%
SAVA	C	0.04%
LESL	C	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	D	0.04%
MMS	D	0.04%
AMN	F	0.04%
OSCR	C	0.04%
AMC	D	0.04%
ASH	F	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	D	0.04%
HL	C	0.04%
BBIO	F	0.04%
DK	D	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
FLO	D	0.04%
PTEN	C	0.04%
NVCR	D	0.04%
MEI	F	0.04%
IVR	D	0.04%
BRZE	C	0.04%
LGF.A	F	0.04%
THS	F	0.04%
UCB	A	0.04%
KRYS	C	0.04%
RXRX	D	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	F	0.04%
NEOG	D	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	F	0.03%
PHAT	F	0.03%
CRMT	F	0.03%
APLS	F	0.03%
CCRN	F	0.03%
CPRI	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	F	0.03%
STAA	F	0.03%
KELYA	F	0.03%
AGL	F	0.02%
MC	B	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	F	0.01%

ESML Underweight 172 Positions Relative to JSTC

Symbol	Grade	Weight
AFL	C	-2.21%
V	A	-1.98%
MRK	F	-1.85%
SNA	B	-1.55%
GGG	B	-1.5%
ADP	B	-1.45%
PGR	B	-1.32%
JNPR	D	-1.32%
MTB	A	-1.27%
XYL	D	-1.25%
GWW	B	-1.21%
SPGI	D	-1.21%
NDAQ	A	-1.17%
BMY	A	-1.17%
RPM	B	-1.15%
ROP	C	-1.1%
NTAP	C	-1.04%
PAYX	B	-1.04%
NDSN	D	-1.03%
CSL	C	-1.02%
URI	B	-1.02%
NXPI	F	-0.95%
MCO	D	-0.92%
ADBE	D	-0.92%
K	B	-0.89%
DHR	D	-0.88%
NOW	B	-0.88%
APP	A	-0.86%
PWR	A	-0.85%
BRO	B	-0.84%
ISRG	A	-0.82%
MAS	D	-0.77%
WTW	B	-0.77%
CDNS	B	-0.77%
IT	C	-0.63%
ADSK	B	-0.6%
MELI	D	-0.57%
TW	A	-0.56%
IPG	F	-0.54%
MSCI	B	-0.54%
ANSS	B	-0.53%
VRSN	F	-0.51%
BUD	F	-0.51%
EA	A	-0.51%
SSNC	C	-0.49%
PSTG	F	-0.48%
CDW	F	-0.46%
WSO	A	-0.44%
SJM	D	-0.44%
VRTX	D	-0.44%
BAP	A	-0.41%
PTC	B	-0.38%
DOX	D	-0.37%
WAT	C	-0.33%
BR	B	-0.32%
POOL	D	-0.29%
FDS	B	-0.28%
RMD	C	-0.27%
IDXX	F	-0.27%
MTD	F	-0.27%
VEEV	C	-0.26%
OTEX	F	-0.22%
NU	C	-0.2%
CRWD	B	-0.2%
CHT	C	-0.19%
JKHY	D	-0.19%
MOH	F	-0.18%
WST	D	-0.17%
TTWO	A	-0.17%
HUBS	B	-0.16%
DDOG	A	-0.15%
TFX	F	-0.14%
TEAM	A	-0.14%
AKAM	F	-0.14%
NWBI	B	-0.14%
SRCE	B	-0.13%
DT	C	-0.12%
NET	B	-0.12%
CHCO	B	-0.12%
HMN	B	-0.1%
BIIB	F	-0.1%
STBA	B	-0.1%
SCSC	B	-0.09%
TECH	F	-0.09%
EPAM	C	-0.09%
SAFT	B	-0.09%
HOPE	B	-0.09%
G	B	-0.08%
EIG	B	-0.08%
SLGN	A	-0.08%
MSM	D	-0.08%
LOGI	F	-0.08%
TWLO	A	-0.08%
HLI	B	-0.08%
PODD	B	-0.07%
TTC	F	-0.07%
SCS	B	-0.07%
BSIG	A	-0.07%
SYBT	B	-0.07%
B	A	-0.07%
MLI	B	-0.07%
WABC	B	-0.07%
BRKL	B	-0.07%
GHC	B	-0.06%
KWR	D	-0.06%
ESAB	C	-0.06%
PB	A	-0.06%
ENS	D	-0.06%
SUPN	B	-0.06%
CFFN	B	-0.06%
MKTX	D	-0.05%
TRS	B	-0.05%
VCYT	B	-0.05%
GMS	B	-0.05%
KAI	B	-0.05%
DOCU	B	-0.05%
BHF	C	-0.05%
SPNS	F	-0.05%
MDB	C	-0.05%
RPRX	F	-0.05%
PRLB	C	-0.04%
ALNY	D	-0.04%
IGT	F	-0.04%
PZZA	F	-0.04%
CSWI	A	-0.04%
FLUT	A	-0.04%
SCHL	F	-0.04%
REYN	D	-0.03%
NOMD	D	-0.03%
EXTR	C	-0.03%
HLIO	C	-0.03%
QLYS	C	-0.03%
TFSL	A	-0.03%
QFIN	B	-0.03%
PHR	F	-0.03%
EXEL	B	-0.03%
DNB	B	-0.03%
INVA	C	-0.03%
MRNA	F	-0.02%
NBIX	C	-0.02%
IPGP	D	-0.02%
YMM	D	-0.02%
EVTC	B	-0.02%
AMBA	B	-0.02%
AXNX	A	-0.02%
HUBB	B	-0.02%
WIX	A	-0.02%
RPD	C	-0.02%
GEHC	D	-0.02%
GRAB	A	-0.02%
DOOO	F	-0.02%
NSP	F	-0.02%
AMKR	F	-0.02%
CYBR	A	-0.02%
MANH	D	-0.02%
LII	A	-0.02%
PBH	A	-0.02%
VRT	A	-0.02%
ONON	B	-0.02%
PACB	D	-0.02%
MNDY	D	-0.02%
BMRN	F	-0.02%
FRME	B	-0.02%
SXI	B	-0.02%
TFIN	B	-0.02%
ALLE	D	-0.02%
EEFT	C	-0.02%
CELH	F	-0.01%
IQ	F	-0.01%
EVH	F	-0.01%
SHLS	F	-0.01%
ACLS	F	-0.01%