ESML vs. MDYV ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index (MDYV)

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

MDYV

SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value Index

MDYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of medium capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P MidCap 400 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the mid-capitalization value sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$85.86

Average Daily Volume

306,977

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	ESML	MDYV
30 Days	8.75%	7.26%
60 Days	8.59%	8.46%
90 Days	9.69%	9.68%
12 Months	34.45%	31.69%

208 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in MDYV	Overlap
AA	B	0.19%	0.72%	0.19%
ADC	B	0.11%	0.51%	0.11%
AGCO	D	0.13%	0.39%	0.13%
AM	A	0.15%	0.14%	0.14%
AMED	F	0.09%	0.12%	0.09%
AMG	B	0.19%	0.38%	0.19%
AN	C	0.07%	0.3%	0.07%
AR	B	0.22%	0.6%	0.22%
ARMK	B	0.23%	0.69%	0.23%
ARW	D	0.09%	0.41%	0.09%
ASB	B	0.17%	0.27%	0.17%
ASGN	F	0.14%	0.28%	0.14%
ASH	D	0.04%	0.26%	0.04%
ATR	B	0.24%	0.32%	0.24%
AVNT	B	0.07%	0.32%	0.07%
AVT	C	0.27%	0.32%	0.27%
AYI	B	0.34%	0.34%	0.34%
AZTA	D	0.07%	0.05%	0.05%
BC	C	0.07%	0.14%	0.07%
BDC	B	0.2%	0.33%	0.2%
BERY	B	0.17%	0.51%	0.17%
BJ	A	0.25%	0.78%	0.25%
BLKB	B	0.12%	0.09%	0.09%
BRBR	A	0.1%	0.3%	0.1%
BRKR	D	0.13%	0.16%	0.13%
BRX	A	0.16%	0.33%	0.16%
CACI	D	0.21%	0.47%	0.21%
CADE	B	0.15%	0.47%	0.15%
CBSH	A	0.23%	0.33%	0.23%
CBT	C	0.13%	0.13%	0.13%
CC	C	0.05%	0.19%	0.05%
CDP	C	0.21%	0.14%	0.14%
CFR	B	0.1%	0.35%	0.1%
CGNX	C	0.1%	0.26%	0.1%
CHE	D	0.14%	0.23%	0.14%
CHH	A	0.06%	0.11%	0.06%
CHWY	B	0.08%	0.18%	0.08%
CHX	C	0.17%	0.13%	0.13%
CIEN	B	0.19%	0.4%	0.19%
CLF	F	0.06%	0.37%	0.06%
CMC	B	0.22%	0.46%	0.22%
CNM	D	0.22%	0.23%	0.22%
CNO	A	0.2%	0.28%	0.2%
CNXC	F	0.03%	0.13%	0.03%
COHR	B	0.28%	1.03%	0.28%
COLB	A	0.13%	0.44%	0.13%
COLM	B	0.07%	0.1%	0.07%
CPRI	F	0.03%	0.08%	0.03%
CRI	D	0.04%	0.13%	0.04%
CRUS	D	0.15%	0.16%	0.15%
CUBE	D	0.2%	0.33%	0.2%
CUZ	B	0.21%	0.32%	0.21%
CVLT	B	0.22%	0.2%	0.2%
CW	B	0.23%	0.33%	0.23%
CYTK	F	0.13%	0.24%	0.13%
DAR	C	0.19%	0.44%	0.19%
DCI	B	0.25%	0.27%	0.25%
DLB	B	0.16%	0.13%	0.13%
DOCS	C	0.08%	0.22%	0.08%
DTM	B	0.28%	0.24%	0.24%
EGP	F	0.21%	0.21%	0.21%
EHC	B	0.29%	0.38%	0.29%
ENOV	C	0.08%	0.17%	0.08%
EPR	D	0.05%	0.09%	0.05%
ESNT	D	0.07%	0.4%	0.07%
EVR	B	0.12%	0.22%	0.12%
EWBC	A	0.4%	0.45%	0.4%
EXLS	B	0.23%	0.21%	0.21%
EXPO	D	0.06%	0.17%	0.06%
FAF	A	0.16%	0.45%	0.16%
FFIN	B	0.06%	0.22%	0.06%
FHN	A	0.23%	0.73%	0.23%
FLO	D	0.04%	0.29%	0.04%
FLR	B	0.1%	0.59%	0.1%
FLS	B	0.16%	0.29%	0.16%
FR	C	0.09%	0.24%	0.09%
FYBR	D	0.13%	0.52%	0.13%
GAP	C	0.12%	0.33%	0.12%
GATX	A	0.17%	0.23%	0.17%
GBCI	B	0.3%	0.43%	0.3%
GEF	A	0.05%	0.12%	0.05%
GEF	A	0.05%	0.12%	0.05%
GME	C	0.21%	0.72%	0.21%
GMED	A	0.11%	0.62%	0.11%
GPK	C	0.26%	0.57%	0.26%
GT	C	0.07%	0.18%	0.07%
GXO	B	0.16%	0.18%	0.16%
HAE	C	0.12%	0.12%	0.12%
HGV	B	0.07%	0.07%	0.07%
HOG	D	0.2%	0.26%	0.2%
HQY	B	0.16%	0.28%	0.16%
HWC	B	0.09%	0.17%	0.09%
HXL	D	0.14%	0.17%	0.14%
IBKR	A	0.32%	0.54%	0.32%
IBOC	A	0.06%	0.15%	0.06%
INGR	B	0.42%	0.42%	0.42%
IRDM	D	0.12%	0.12%	0.12%
JAZZ	B	0.16%	0.3%	0.16%
JEF	A	0.11%	0.8%	0.11%
JHG	A	0.51%	0.39%	0.39%
JLL	D	0.34%	0.84%	0.34%
JWN	C	0.06%	0.15%	0.06%
KBH	D	0.2%	0.19%	0.19%
KBR	F	0.35%	0.29%	0.29%
KD	B	0.1%	0.44%	0.1%
KMPR	B	0.05%	0.29%	0.05%
KNF	A	0.13%	0.1%	0.1%
KRC	C	0.11%	0.28%	0.11%
LAD	A	0.22%	0.67%	0.22%
LEA	D	0.1%	0.36%	0.1%
LFUS	F	0.14%	0.13%	0.13%
LITE	B	0.1%	0.39%	0.1%
LIVN	F	0.05%	0.12%	0.05%
LPX	B	0.17%	0.17%	0.17%
LSTR	D	0.21%	0.14%	0.14%
M	D	0.13%	0.29%	0.13%
MAN	D	0.06%	0.2%	0.06%
MASI	A	0.06%	0.18%	0.06%
MAT	D	0.13%	0.24%	0.13%
MKSI	C	0.14%	0.26%	0.14%
MMS	F	0.04%	0.09%	0.04%
MTG	C	0.23%	0.27%	0.23%
MTN	C	0.2%	0.15%	0.15%
MTSI	B	0.09%	0.18%	0.09%
MTZ	B	0.17%	0.57%	0.17%
MUR	D	0.13%	0.18%	0.13%
NEOG	F	0.04%	0.19%	0.04%
NFG	A	0.2%	0.37%	0.2%
NJR	A	0.21%	0.32%	0.21%
NOV	C	0.15%	0.43%	0.15%
NOVT	D	0.19%	0.17%	0.17%
NVST	B	0.06%	0.23%	0.06%
NXST	C	0.09%	0.34%	0.09%
OGS	A	0.31%	0.28%	0.28%
OHI	C	0.19%	0.41%	0.19%
ONB	B	0.19%	0.47%	0.19%
OPCH	D	0.09%	0.11%	0.09%
ORA	B	0.11%	0.29%	0.11%
ORI	A	0.13%	0.6%	0.13%
OSK	B	0.3%	0.49%	0.3%
OZK	B	0.14%	0.16%	0.14%
PBF	D	0.06%	0.21%	0.06%
PCH	D	0.17%	0.2%	0.17%
PNFP	B	0.3%	0.38%	0.3%
POST	C	0.09%	0.34%	0.09%
POWI	D	0.06%	0.12%	0.06%
PRGO	B	0.07%	0.25%	0.07%
PSN	D	0.1%	0.09%	0.09%
PVH	C	0.16%	0.39%	0.16%
R	B	0.29%	0.48%	0.29%
RCM	F	0.06%	0.15%	0.06%
REXR	F	0.31%	0.38%	0.31%
RGA	A	0.3%	1.02%	0.3%
RGLD	C	0.29%	0.3%	0.29%
RH	B	0.06%	0.18%	0.06%
RLI	B	0.2%	0.17%	0.17%
RNR	C	0.24%	0.41%	0.24%
ROIV	C	0.06%	0.13%	0.06%
RRX	B	0.15%	0.77%	0.15%
RYN	D	0.05%	0.17%	0.05%
SBRA	C	0.08%	0.29%	0.08%
SCI	B	0.27%	0.4%	0.27%
SF	B	0.18%	0.8%	0.18%
SFM	A	0.43%	0.57%	0.43%
SIGI	C	0.29%	0.18%	0.18%
SLM	A	0.16%	0.21%	0.16%
SNV	B	0.3%	0.54%	0.3%
SNX	C	0.08%	0.59%	0.08%
SON	D	0.11%	0.33%	0.11%
SR	A	0.14%	0.26%	0.14%
SRPT	D	0.18%	0.14%	0.14%
SSB	B	0.27%	0.55%	0.27%
ST	F	0.08%	0.33%	0.08%
STWD	C	0.1%	0.42%	0.1%
SWX	B	0.13%	0.31%	0.13%
TEX	D	0.08%	0.1%	0.08%
THC	D	0.23%	1.05%	0.23%
THG	A	0.18%	0.39%	0.18%
THO	B	0.12%	0.39%	0.12%
TKO	B	0.16%	0.3%	0.16%
TMHC	B	0.17%	0.49%	0.17%
TNL	A	0.16%	0.08%	0.08%
UAA	C	0.05%	0.13%	0.05%
UBSI	B	0.17%	0.38%	0.17%
UGI	A	0.24%	0.34%	0.24%
UMBF	B	0.27%	0.37%	0.27%
UNM	A	0.25%	0.83%	0.25%
USFD	A	0.49%	1.09%	0.49%
VAC	B	0.08%	0.2%	0.08%
VC	D	0.1%	0.09%	0.09%
VLY	B	0.15%	0.32%	0.15%
VMI	B	0.13%	0.46%	0.13%
VNO	B	0.09%	0.47%	0.09%
VOYA	B	0.16%	0.32%	0.16%
WAL	B	0.22%	0.33%	0.22%
WBS	A	0.27%	0.69%	0.27%
WCC	B	0.24%	0.63%	0.24%
WEN	D	0.09%	0.1%	0.09%
WH	B	0.15%	0.18%	0.15%
WHR	B	0.2%	0.42%	0.2%
WTFC	A	0.07%	0.59%	0.07%
WU	D	0.07%	0.24%	0.07%
X	C	0.14%	0.55%	0.14%
XPO	B	0.33%	0.62%	0.33%
XRAY	F	0.05%	0.24%	0.05%
YETI	C	0.12%	0.08%	0.08%
ZI	D	0.09%	0.14%	0.09%
ZION	B	0.2%	0.59%	0.2%

ESML Overweight 696 Positions Relative to MDYV

Symbol	Grade	Weight
CASY	A	0.52%
CVNA	B	0.48%
GWRE	A	0.43%
FIX	A	0.38%
NTNX	A	0.36%
FTI	A	0.35%
MUSA	A	0.34%
FLEX	A	0.33%
FRT	B	0.31%
NTRA	B	0.31%
BWXT	B	0.3%
BMI	B	0.3%
TPR	B	0.29%
SUM	B	0.28%
CNX	A	0.28%
SAIA	B	0.28%
ITT	A	0.28%
TOL	B	0.27%
AXTA	A	0.27%
BLD	D	0.26%
ALSN	B	0.26%
MWA	B	0.25%
WEX	D	0.25%
AAON	B	0.25%
RRC	B	0.25%
PRGS	A	0.24%
FTAI	B	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
HRI	B	0.24%
NCLH	B	0.24%
REZI	A	0.23%
AFRM	B	0.23%
PRI	A	0.23%
AWI	A	0.23%
ALK	C	0.23%
SOFI	A	0.22%
FTDR	A	0.22%
GNRC	B	0.22%
FELE	B	0.22%
CMA	A	0.21%
WMS	D	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	D	0.21%
RHI	B	0.21%
ITRI	B	0.2%
FND	C	0.2%
LECO	B	0.2%
KNSL	B	0.2%
FBP	B	0.2%
PLNT	A	0.2%
TGNA	B	0.2%
OMF	A	0.2%
PCTY	B	0.2%
BHLB	B	0.2%
ENSG	D	0.2%
HHH	B	0.2%
WK	B	0.2%
BFAM	D	0.2%
ZWS	B	0.2%
AVA	A	0.19%
PR	B	0.19%
WING	D	0.19%
FCN	D	0.19%
LUMN	C	0.19%
HAS	D	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	D	0.19%
SNDR	B	0.19%
FRPT	B	0.19%
GPI	A	0.19%
RHP	B	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	B	0.19%
BANR	B	0.18%
NYT	C	0.18%
BWA	D	0.18%
SPXC	A	0.18%
GKOS	B	0.18%
KNTK	B	0.18%
MORN	B	0.18%
DUOL	A	0.18%
EPRT	B	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%
FN	D	0.17%
PCOR	B	0.17%
PEN	B	0.17%
ESTC	C	0.17%
PLXS	B	0.17%
VVV	F	0.17%
MSA	D	0.17%
WSC	D	0.17%
KTB	B	0.16%
RGEN	D	0.16%
MYRG	B	0.16%
DBX	B	0.16%
TTEK	F	0.16%
EAT	A	0.16%
SPSC	C	0.16%
ACIW	B	0.16%
BCC	B	0.16%
BHE	B	0.16%
SITE	D	0.16%
ELAN	D	0.16%
CFLT	B	0.15%
ECG	C	0.15%
MEDP	D	0.15%
CROX	D	0.15%
CPF	A	0.15%
MMSI	B	0.15%
FSS	B	0.15%
ANF	C	0.15%
VNT	B	0.15%
FIBK	A	0.15%
CRS	A	0.15%
LSCC	D	0.15%
HNI	B	0.15%
ITCI	C	0.15%
MOD	A	0.15%
WFRD	D	0.15%
GTLB	B	0.15%
PINC	B	0.14%
BECN	B	0.14%
CHDN	B	0.14%
GTLS	B	0.14%
ESI	A	0.14%
RYAN	B	0.14%
TPH	D	0.14%
SMAR	A	0.14%
PRIM	A	0.14%
ACA	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
IBCP	B	0.14%
BILL	A	0.14%
IDCC	A	0.14%
TPX	B	0.14%
CZR	F	0.14%
ATI	D	0.14%
JXN	C	0.14%
FMC	D	0.14%
NSIT	F	0.13%
AVAV	D	0.13%
HESM	B	0.13%
EPAC	B	0.13%
CAVA	B	0.13%
AIT	A	0.13%
STRL	B	0.13%
PDCO	D	0.13%
LRN	A	0.13%
KLIC	B	0.13%
ITGR	B	0.13%
AZEK	A	0.13%
CPK	A	0.13%
BOX	B	0.13%
NPO	A	0.13%
WTM	A	0.13%
BCPC	B	0.13%
ELF	C	0.13%
CABO	C	0.13%
HIW	D	0.13%
CVBF	A	0.12%
AGNC	D	0.12%
OLLI	D	0.12%
DFIN	D	0.12%
QTWO	A	0.12%
KOS	F	0.12%
RKLB	B	0.12%
WGO	C	0.12%
WHD	B	0.12%
S	B	0.12%
GL	B	0.12%
ABG	B	0.12%
CRDO	B	0.12%
WERN	C	0.12%
MTX	B	0.12%
ADT	C	0.12%
FULT	A	0.12%
CSGS	B	0.11%
PEGA	A	0.11%
PATH	C	0.11%
TXRH	C	0.11%
DXC	B	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	B	0.11%
ECPG	B	0.11%
EFSC	B	0.11%
MRCY	B	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
KAR	B	0.11%
RXO	C	0.1%
NWL	B	0.1%
TDC	D	0.1%
HASI	D	0.1%
ERII	D	0.1%
PJT	A	0.1%
AROC	B	0.1%
SCL	C	0.1%
RVMD	C	0.1%
HCP	B	0.1%
TENB	C	0.1%
ALKS	B	0.1%
TRN	C	0.1%
FA	C	0.1%
SSD	D	0.1%
DV	C	0.1%
CAC	B	0.1%
FUL	F	0.1%
VECO	F	0.1%
NXT	C	0.1%
SLG	B	0.1%
ETSY	D	0.1%
DY	D	0.1%
BHVN	D	0.1%
DNLI	D	0.1%
DRS	B	0.1%
APAM	B	0.1%
CRC	B	0.1%
PFSI	D	0.1%
TRNO	F	0.1%
AL	B	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
SIG	B	0.1%
AMAL	B	0.1%
LCII	C	0.1%
ALTM	C	0.1%
LNTH	D	0.1%
FIVE	F	0.1%
OGN	D	0.09%
RNA	D	0.09%
ABM	B	0.09%
NMIH	D	0.09%
UPST	B	0.09%
U	C	0.09%
KFY	B	0.09%
CNK	B	0.09%
SHAK	C	0.09%
RDN	C	0.09%
MGRC	B	0.09%
CURB	D	0.09%
SLAB	D	0.09%
ESE	B	0.09%
RL	B	0.09%
SJW	D	0.09%
ATKR	C	0.09%
MARA	C	0.09%
CRVL	A	0.09%
BRC	D	0.09%
IMAX	B	0.09%
IBP	D	0.09%
LNC	B	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
AMWD	C	0.08%
BXMT	C	0.08%
ICUI	D	0.08%
OLED	D	0.08%
KTOS	B	0.08%
KOP	C	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%
TILE	B	0.08%
TBBK	B	0.08%
SPB	C	0.08%
IOSP	B	0.08%
ACLX	C	0.08%
CRSP	D	0.08%
VSEC	C	0.08%
BPOP	B	0.08%
INTA	A	0.08%
ALG	B	0.08%
SASR	B	0.08%
TNET	D	0.08%
PLYA	B	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
INDB	B	0.08%
INSP	D	0.08%
TDS	B	0.08%
PIPR	B	0.08%
TARS	B	0.08%
PRKS	C	0.08%
BWIN	D	0.08%
AEO	F	0.08%
HR	C	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	C	0.08%
PLMR	B	0.08%
MIR	A	0.08%
RNST	B	0.08%
DEA	D	0.07%
AAT	B	0.07%
SKT	B	0.07%
EE	A	0.07%
HI	C	0.07%
GBX	A	0.07%
RARE	D	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
CWEN	C	0.07%
ESRT	C	0.07%
SEE	C	0.07%
PECO	A	0.07%
HAFC	A	0.07%
VSCO	B	0.07%
TREX	C	0.07%
CWK	B	0.07%
GTES	A	0.07%
BDN	C	0.07%
VVX	C	0.07%
ENR	B	0.07%
SONO	C	0.07%
ZYME	C	0.07%
ROG	D	0.07%
SEM	B	0.07%
ALHC	C	0.07%
HIMS	B	0.07%
MHK	D	0.07%
HWKN	B	0.07%
GH	B	0.07%
BROS	B	0.07%
XHR	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
HBI	B	0.07%
CTS	C	0.07%
WRBY	B	0.07%
PI	D	0.07%
SXT	B	0.07%
CCCS	B	0.07%
NWN	A	0.07%
AZZ	B	0.07%
OUT	A	0.07%
PAR	B	0.07%
UNFI	A	0.07%
ATGE	B	0.06%
MTRN	C	0.06%
CBZ	B	0.06%
VRRM	D	0.06%
CAR	C	0.06%
FNA	C	0.06%
WT	B	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%
RBBN	C	0.06%
VRTS	B	0.06%
SATS	D	0.06%
W	F	0.06%
MBUU	C	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
AXSM	B	0.06%
MOV	C	0.06%
AGIO	C	0.06%
NRIX	D	0.06%
LXP	D	0.06%
VRNT	C	0.06%
COKE	C	0.06%
CMCO	B	0.06%
TGTX	B	0.06%
CWAN	B	0.06%
TDOC	C	0.06%
EXP	A	0.06%
ATEN	B	0.06%
CLH	B	0.06%
ROCK	C	0.06%
PNTG	D	0.06%
AIR	B	0.06%
NBTB	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%
VREX	C	0.06%
ANDE	D	0.06%
FROG	C	0.06%
SFBS	B	0.06%
PYCR	C	0.06%
VBTX	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
CART	C	0.06%
BOOT	D	0.06%
SMTC	B	0.06%
PLUS	F	0.06%
OWL	A	0.06%
PPBI	B	0.06%
ACVA	B	0.06%
SM	B	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%
CCS	D	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%
MRUS	F	0.06%
FOUR	B	0.06%
VRDN	D	0.06%
VERX	B	0.06%
PDM	D	0.06%
PAHC	C	0.06%
UPBD	B	0.06%
CALM	A	0.06%
WD	D	0.06%
VVI	C	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%
KLG	C	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	D	0.05%
HZO	D	0.05%
BNL	D	0.05%
AXL	C	0.05%
ARVN	D	0.05%
PBI	B	0.05%
NUVB	C	0.05%
THRM	D	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
HLX	B	0.05%
ALRM	C	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%
ICHR	C	0.05%
FTRE	D	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
VSTS	C	0.05%
FLG	C	0.05%
ARCB	C	0.05%
CDE	D	0.05%
CLVT	F	0.05%
GOGO	C	0.05%
PSMT	C	0.05%
ACEL	C	0.05%
BASE	C	0.05%
WNC	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%
AWR	B	0.05%
XPEL	C	0.05%
PFS	B	0.05%
PGRE	F	0.05%
EDR	A	0.05%
RUN	F	0.05%
DGII	B	0.05%
REVG	B	0.05%
PRAA	C	0.05%
HAIN	C	0.05%
INFN	C	0.05%
MRC	B	0.05%
SPR	D	0.05%
MNRO	D	0.05%
WKC	D	0.05%
SMP	B	0.05%
VITL	D	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%
NEO	C	0.05%
SLVM	B	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
VYX	B	0.05%
OMCL	C	0.05%
HCC	B	0.05%
MMI	B	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	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
ADUS	D	0.05%
AORT	B	0.05%
SMPL	B	0.05%
SBH	C	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%
UFPT	B	0.05%
RNG	B	0.05%
DNOW	B	0.05%
HLIT	D	0.05%
TNC	D	0.05%
ARQT	C	0.05%
NUVL	D	0.05%
LEG	F	0.05%
YELP	C	0.05%
JBGS	D	0.05%
RUSHA	C	0.05%
MXL	C	0.05%
NCNO	B	0.05%
COOP	B	0.05%
COLD	D	0.05%
CALX	D	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%
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	D	0.04%
CAL	D	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%
QS	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	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%
MLKN	D	0.04%
IMVT	F	0.04%
RCUS	F	0.04%
NABL	F	0.04%
MTUS	C	0.04%
AMN	F	0.04%
OSCR	D	0.04%
AMC	C	0.04%
PLUG	F	0.04%
DYN	F	0.04%
PLRX	F	0.04%
HL	D	0.04%
BBIO	F	0.04%
DK	C	0.04%
QDEL	F	0.04%
ARLO	C	0.04%
ALEC	F	0.04%
PTEN	C	0.04%
NVCR	C	0.04%
MEI	D	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
CWT	D	0.04%
THS	D	0.04%
UCB	A	0.04%
KRYS	B	0.04%
RXRX	F	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
AHH	D	0.04%
EPC	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%
CDNA	D	0.03%
SVRA	D	0.03%
PHAT	F	0.03%
CRMT	C	0.03%
APLS	D	0.03%
CCRN	F	0.03%
MYGN	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	F	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	F	0.01%

ESML Underweight 77 Positions Relative to MDYV

Symbol	Grade	Weight
ILMN	D	-1.53%
DOCU	A	-1.11%
FNF	B	-1.07%
PFGC	B	-0.9%
WPC	D	-0.81%
AFG	A	-0.69%
ALLY	C	-0.67%
UTHR	C	-0.64%
CNH	C	-0.63%
AAL	B	-0.63%
KNX	B	-0.61%
OGE	B	-0.57%
TPL	A	-0.57%
AVTR	F	-0.56%
RPM	A	-0.54%
PB	A	-0.53%
ACM	A	-0.52%
GLPI	C	-0.51%
G	B	-0.5%
EQH	B	-0.48%
BURL	A	-0.46%
DINO	D	-0.46%
BIO	D	-0.45%
KRG	B	-0.4%
FNB	A	-0.4%
CG	A	-0.38%
FBIN	D	-0.38%
HOMB	A	-0.38%
CCK	C	-0.38%
BMRN	D	-0.37%
DKS	C	-0.36%
WTRG	B	-0.34%
NNN	D	-0.33%
IRT	A	-0.32%
LAMR	D	-0.32%
AMH	D	-0.32%
POR	C	-0.32%
ELS	C	-0.32%
SLGN	A	-0.3%
TTC	D	-0.3%
KEX	C	-0.29%
BKH	A	-0.29%
TCBI	B	-0.28%
PNM	F	-0.28%
SAIC	F	-0.28%
SEIC	B	-0.27%
IDA	A	-0.26%
MIDD	C	-0.25%
ALE	A	-0.25%
PII	D	-0.24%
NWE	B	-0.23%
GHC	C	-0.22%
STAG	F	-0.22%
FHI	A	-0.22%
BHF	B	-0.21%
OLN	D	-0.2%
TKR	D	-0.2%
AMKR	D	-0.2%
PAG	B	-0.2%
ALV	C	-0.19%
CXT	B	-0.18%
GNTX	C	-0.17%
ENS	D	-0.15%
ALGM	D	-0.14%
PPC	C	-0.14%
SMG	D	-0.13%
EEFT	B	-0.13%
SYNA	C	-0.12%
MSM	C	-0.12%
VSH	D	-0.12%
LANC	C	-0.12%
NSA	D	-0.1%
SAM	C	-0.1%
NSP	D	-0.09%
IPGP	D	-0.08%
UA	C	-0.08%
WMG	C	-0.07%