ESML vs. PTL ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Northern Lights Fund Trust IV Inspire 500 ETF (PTL)

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

$44.63

Average Daily Volume

103,233

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

PTL

Northern Lights Fund Trust IV Inspire 500 ETF

PTL Description

PTL is passively managed to invest in US large-cap stocks that align with the issuer's definition of biblical values and positive impact on the world, measured using various environmental, social, and governance criteria. The index provider analyzes publicly available and third-party data to assign a proprietary Impact Score to each eligible stock. The methodology excludes stocks with any degree of involvement in activities such as abortion, gambling, alcohol, tobacco, cannabis, stem cell research, in vitro fertilization, pornography, rights violations, and LGBT activism. The remaining stocks are scored based on how well they align with the issuer's values, considering factors including business ethics, employee wellbeing, customer welfare, product safety, ecological impact, and GHG emissions. The index selects the 500 highest-scoring stocks and weights them by market capitalization. Index components are reconstituted and rebalanced annually.

Grade (RS Rating)

Last Trade

$221.52

Average Daily Volume

6,352

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	ESML	PTL
30 Days	5.98%	2.04%
60 Days	9.94%	6.75%
90 Days	14.58%	10.09%
12 Months	39.54%

178 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in PTL	Overlap
AA	C	0.21%	0.07%	0.07%
AAON	B	0.22%	0.06%	0.06%
ACHC	F	0.11%	0.04%	0.04%
ADC	B	0.11%	0.05%	0.05%
AFRM	A	0.2%	0.12%	0.12%
AGCO	F	0.13%	0.05%	0.05%
AGNC	D	0.12%	0.05%	0.05%
AIT	A	0.12%	0.06%	0.06%
ALSN	B	0.25%	0.06%	0.06%
ALTR	C	0.15%	0.06%	0.06%
AM	B	0.15%	0.05%	0.05%
AN	D	0.07%	0.05%	0.05%
APG	B	0.06%	0.07%	0.06%
APPF	B	0.11%	0.06%	0.06%
AR	B	0.2%	0.06%	0.06%
ARW	F	0.09%	0.04%	0.04%
ATI	D	0.14%	0.05%	0.05%
ATR	A	0.25%	0.08%	0.08%
AUR	C	0.08%	0.05%	0.05%
AXTA	B	0.26%	0.06%	0.06%
AYI	A	0.33%	0.07%	0.07%
BERY	C	0.17%	0.05%	0.05%
BFAM	F	0.23%	0.05%	0.05%
BJ	B	0.27%	0.08%	0.08%
BLD	F	0.28%	0.08%	0.08%
BRBR	A	0.09%	0.06%	0.06%
BRKR	F	0.15%	0.07%	0.07%
BRX	B	0.16%	0.06%	0.06%
BWA	B	0.18%	0.05%	0.05%
BWXT	A	0.28%	0.07%	0.07%
CACI	B	0.25%	0.09%	0.09%
CASY	A	0.52%	0.1%	0.1%
CFLT	B	0.14%	0.07%	0.07%
CFR	B	0.09%	0.06%	0.06%
CGNX	B	0.11%	0.05%	0.05%
CHE	D	0.13%	0.06%	0.06%
CHWY	B	0.07%	0.1%	0.07%
CIEN	B	0.18%	0.06%	0.06%
CLH	B	0.06%	0.1%	0.06%
CNM	D	0.24%	0.07%	0.07%
COHR	B	0.27%	0.1%	0.1%
COKE	D	0.06%	0.07%	0.06%
COLD	F	0.07%	0.05%	0.05%
CR	B	0.19%	0.07%	0.07%
CRS	B	0.15%	0.06%	0.06%
CUBE	D	0.21%	0.08%	0.08%
CVNA	B	0.48%	0.33%	0.33%
CW	B	0.24%	0.1%	0.1%
DCI	A	0.25%	0.06%	0.06%
DLB	C	0.16%	0.05%	0.05%
DTM	A	0.27%	0.06%	0.06%
EDR	C	0.05%	0.09%	0.05%
EGP	D	0.21%	0.06%	0.06%
EHC	B	0.3%	0.07%	0.07%
ELAN	D	0.15%	0.04%	0.04%
ENSG	C	0.22%	0.07%	0.07%
ESNT	D	0.07%	0.04%	0.04%
ESTC	C	0.16%	0.06%	0.06%
EVR	B	0.11%	0.08%	0.08%
EWBC	A	0.39%	0.1%	0.1%
EXP	B	0.06%	0.07%	0.06%
FCN	D	0.2%	0.05%	0.05%
FHN	B	0.21%	0.07%	0.07%
FIX	B	0.37%	0.1%	0.1%
FLEX	B	0.33%	0.1%	0.1%
FLR	C	0.11%	0.07%	0.07%
FND	F	0.22%	0.08%	0.08%
FOUR	B	0.06%	0.06%	0.06%
FR	D	0.09%	0.05%	0.05%
FRPT	B	0.2%	0.05%	0.05%
FRT	C	0.32%	0.07%	0.07%
FYBR	D	0.13%	0.06%	0.06%
GAP	C	0.12%	0.06%	0.06%
GKOS	A	0.17%	0.05%	0.05%
GL	B	0.12%	0.07%	0.07%
GME	C	0.19%	0.06%	0.06%
GMED	B	0.1%	0.07%	0.07%
GNRC	B	0.22%	0.07%	0.07%
GPK	D	0.27%	0.06%	0.06%
GTLB	C	0.15%	0.07%	0.07%
GWRE	A	0.43%	0.11%	0.11%
HCP	A	0.1%	0.05%	0.05%
HESM	D	0.13%	0.06%	0.06%
HQY	A	0.15%	0.05%	0.05%
IBKR	A	0.29%	0.45%	0.29%
IBP	F	0.11%	0.05%	0.05%
INFA	D	0.05%	0.06%	0.05%
INSM	D	0.21%	0.09%	0.09%
ITCI	B	0.16%	0.07%	0.07%
ITT	A	0.28%	0.08%	0.08%
JAZZ	B	0.15%	0.05%	0.05%
JEF	B	0.1%	0.1%	0.1%
KBR	B	0.41%	0.06%	0.06%
KNSL	C	0.18%	0.07%	0.07%
KNTK	B	0.16%	0.06%	0.06%
LAD	B	0.21%	0.06%	0.06%
LBRDA	B	0.12%	0.08%	0.08%
LCID	F	0.06%	0.04%	0.04%
LECO	B	0.2%	0.08%	0.08%
LNTH	F	0.15%	0.06%	0.06%
LPX	A	0.17%	0.05%	0.05%
LSCC	C	0.16%	0.05%	0.05%
LSTR	B	0.21%	0.04%	0.04%
MEDP	D	0.15%	0.08%	0.08%
MHK	D	0.07%	0.06%	0.06%
MKSI	D	0.13%	0.05%	0.05%
MSA	D	0.17%	0.05%	0.05%
MTH	D	0.18%	0.05%	0.05%
MTN	D	0.2%	0.05%	0.05%
MTSI	B	0.08%	0.06%	0.06%
MTZ	B	0.18%	0.08%	0.08%
MUSA	B	0.33%	0.07%	0.07%
NTNX	B	0.34%	0.12%	0.12%
NUVL	D	0.06%	0.05%	0.05%
OHI	B	0.2%	0.08%	0.08%
OLED	F	0.09%	0.06%	0.06%
ONTO	F	0.23%	0.06%	0.06%
ORI	A	0.13%	0.07%	0.07%
OWL	B	0.06%	0.21%	0.06%
PATH	C	0.11%	0.05%	0.05%
PCOR	B	0.16%	0.07%	0.07%
PCTY	A	0.2%	0.08%	0.08%
PCVX	D	0.25%	0.1%	0.1%
PEN	B	0.17%	0.07%	0.07%
PLNT	B	0.17%	0.05%	0.05%
PNFP	B	0.27%	0.06%	0.06%
POST	D	0.09%	0.05%	0.05%
PR	B	0.18%	0.08%	0.08%
PRI	A	0.22%	0.07%	0.07%
REXR	F	0.33%	0.07%	0.07%
RGA	A	0.29%	0.1%	0.1%
RGEN	D	0.17%	0.06%	0.06%
RGLD	C	0.32%	0.07%	0.07%
RHI	B	0.2%	0.05%	0.05%
RKT	D	0.05%	0.24%	0.05%
RLI	A	0.19%	0.05%	0.05%
ROIV	D	0.06%	0.06%	0.06%
RRC	B	0.24%	0.05%	0.05%
RRX	C	0.15%	0.08%	0.08%
RVMD	B	0.1%	0.07%	0.07%
RYAN	B	0.14%	0.12%	0.12%
S	B	0.12%	0.06%	0.06%
SAIA	B	0.27%	0.1%	0.1%
SATS	C	0.06%	0.05%	0.05%
SCI	B	0.27%	0.09%	0.09%
SF	A	0.16%	0.08%	0.08%
SFM	B	0.43%	0.09%	0.09%
SITE	C	0.17%	0.05%	0.05%
SPSC	D	0.16%	0.05%	0.05%
SSB	B	0.26%	0.06%	0.06%
SSD	D	0.1%	0.05%	0.05%
STWD	D	0.1%	0.05%	0.05%
SUM	B	0.28%	0.06%	0.06%
THC	B	0.25%	0.11%	0.11%
TKO	D	0.17%	0.14%	0.14%
TMHC	C	0.18%	0.05%	0.05%
TOL	B	0.27%	0.11%	0.11%
TPX	C	0.13%	0.06%	0.06%
TREX	C	0.07%	0.06%	0.06%
TRNO	D	0.11%	0.04%	0.04%
TTEK	C	0.2%	0.09%	0.09%
TXRH	B	0.1%	0.09%	0.09%
U	D	0.1%	0.06%	0.06%
USFD	A	0.48%	0.11%	0.11%
VKTX	D	0.14%	0.05%	0.05%
VNO	C	0.09%	0.06%	0.06%
WAL	B	0.21%	0.07%	0.07%
WBS	B	0.24%	0.06%	0.06%
WCC	B	0.22%	0.07%	0.07%
WEX	D	0.24%	0.05%	0.05%
WFRD	D	0.16%	0.05%	0.05%
WING	D	0.18%	0.07%	0.07%
WMS	F	0.26%	0.08%	0.08%
WSC	F	0.19%	0.05%	0.05%
WTFC	A	0.07%	0.06%	0.06%
WTS	B	0.2%	0.05%	0.05%
XPO	B	0.32%	0.13%	0.13%
ZION	B	0.18%	0.06%	0.06%

ESML Overweight 726 Positions Relative to PTL

Symbol	Grade	Weight
JHG	B	0.49%
INGR	B	0.45%
JLL	C	0.38%
FTI	B	0.34%
OGS	B	0.31%
OSK	B	0.29%
BMI	B	0.29%
SNV	B	0.28%
R	B	0.28%
GBCI	B	0.28%
AVT	C	0.28%
CNX	B	0.27%
SIGI	B	0.27%
RNR	D	0.26%
NTRA	B	0.26%
HRI	B	0.25%
UGI	D	0.25%
UMBF	B	0.25%
IVZ	C	0.25%
TPR	B	0.25%
MWA	B	0.24%
ARMK	C	0.24%
NCLH	A	0.24%
EXLS	A	0.23%
MOG.A	B	0.23%
UNM	A	0.23%
CDP	C	0.23%
AWI	A	0.23%
PRGS	A	0.23%
MTG	D	0.23%
KBH	D	0.22%
FTAI	B	0.22%
FTDR	B	0.22%
ALK	A	0.22%
CUZ	C	0.22%
HAS	D	0.21%
SRPT	F	0.21%
NFG	C	0.21%
ZWS	B	0.21%
CBSH	A	0.21%
HHH	B	0.21%
CMC	B	0.21%
CVLT	B	0.21%
FELE	B	0.21%
NJR	B	0.21%
VFC	C	0.2%
HOG	F	0.2%
LNW	C	0.2%
HRB	D	0.2%
BDC	B	0.2%
ITRI	B	0.2%
CNO	B	0.19%
WK	B	0.19%
SNDR	A	0.19%
BHLB	B	0.19%
REZI	A	0.19%
NVT	B	0.19%
ENLC	B	0.19%
WHR	B	0.19%
FBP	B	0.19%
AVA	D	0.19%
WWD	B	0.19%
RHP	B	0.19%
DAR	B	0.19%
NOVT	C	0.19%
CMA	B	0.19%
OMF	B	0.19%
DUOL	B	0.18%
PCH	F	0.18%
NYT	C	0.18%
GPI	B	0.18%
EPRT	C	0.18%
AMG	C	0.18%
SOFI	B	0.18%
AXS	B	0.18%
MORN	A	0.18%
TGNA	B	0.18%
GATX	B	0.17%
VVV	B	0.17%
AEIS	B	0.17%
ONB	A	0.17%
FMC	F	0.17%
LUMN	B	0.17%
THG	A	0.17%
PLXS	B	0.17%
SPXC	B	0.17%
MDU	F	0.17%
DBX	B	0.16%
VOYA	A	0.16%
FLS	B	0.16%
FAF	D	0.16%
UBSI	B	0.16%
FN	B	0.16%
CROX	F	0.16%
CHX	D	0.16%
BANR	B	0.16%
BHE	B	0.16%
GXO	B	0.16%
PVH	C	0.16%
LAZ	B	0.16%
BCC	B	0.16%
ASB	B	0.16%
ANF	D	0.15%
HNI	B	0.15%
CZR	D	0.15%
JXN	B	0.15%
NOV	D	0.15%
ASGN	B	0.15%
MYRG	B	0.15%
MMSI	A	0.15%
MOD	C	0.15%
KTB	B	0.15%
X	B	0.15%
SLM	B	0.15%
TNL	A	0.15%
VNT	B	0.15%
EAT	A	0.15%
CRUS	F	0.15%
ACIW	B	0.15%
SR	C	0.14%
BCPC	B	0.14%
ECG	C	0.14%
RMBS	C	0.14%
CHDN	C	0.14%
ACA	B	0.14%
IDCC	A	0.14%
KLIC	B	0.14%
PINC	B	0.14%
AVAV	C	0.14%
ESI	B	0.14%
WH	A	0.14%
HXL	D	0.14%
VLY	B	0.14%
LFUS	D	0.14%
MAT	C	0.14%
FIBK	B	0.14%
TPH	D	0.14%
FSS	C	0.14%
SMAR	B	0.14%
HIW	D	0.14%
NSIT	F	0.14%
PDCO	D	0.14%
THO	B	0.13%
CAVA	B	0.13%
CRDO	B	0.13%
WTM	A	0.13%
CABO	C	0.13%
HALO	B	0.13%
HASI	F	0.13%
EPAC	B	0.13%
LRN	B	0.13%
MUR	F	0.13%
M	D	0.13%
IBCP	B	0.13%
ITGR	B	0.13%
CPK	B	0.13%
CYTK	C	0.13%
SWX	B	0.13%
KNF	C	0.13%
OZK	B	0.13%
BOX	B	0.13%
AZEK	B	0.13%
CPF	B	0.13%
VMI	B	0.13%
BECN	B	0.13%
CBT	B	0.13%
CADE	B	0.13%
PRIM	B	0.13%
NXT	D	0.12%
BLKB	C	0.12%
SON	F	0.12%
ABG	B	0.12%
YETI	C	0.12%
WHD	B	0.12%
WGO	B	0.12%
XENE	B	0.12%
SHOO	D	0.12%
ELF	C	0.12%
PSN	A	0.12%
MTX	B	0.12%
WERN	B	0.12%
IRDM	C	0.12%
OLLI	D	0.12%
NPO	B	0.12%
GTLS	A	0.12%
COLB	B	0.12%
ADT	B	0.12%
DXC	B	0.11%
HAE	B	0.11%
SLG	C	0.11%
PFSI	D	0.11%
ETSY	C	0.11%
QTWO	B	0.11%
LEA	F	0.11%
LCII	D	0.11%
BHVN	C	0.11%
KOS	F	0.11%
VECO	F	0.11%
KRC	C	0.11%
WDFC	A	0.11%
CRNX	B	0.11%
CCOI	C	0.11%
ALTM	C	0.11%
FULT	B	0.11%
ORA	C	0.11%
ECPG	B	0.11%
DFIN	D	0.11%
STRL	B	0.11%
FIVE	F	0.11%
IMAX	B	0.1%
TDC	D	0.1%
INSP	D	0.1%
POWL	B	0.1%
PRCT	B	0.1%
WEN	C	0.1%
NXST	C	0.1%
ZI	C	0.1%
VC	D	0.1%
CSGS	B	0.1%
MRCY	B	0.1%
SJW	D	0.1%
NWL	B	0.1%
CRC	B	0.1%
AL	B	0.1%
AMAL	B	0.1%
SCL	C	0.1%
KAR	A	0.1%
FA	D	0.1%
ERII	B	0.1%
AUB	B	0.1%
SIG	B	0.1%
BILL	A	0.1%
APAM	B	0.1%
ABCB	B	0.1%
RXO	C	0.1%
CVBF	B	0.1%
ALKS	B	0.1%
DNLI	B	0.1%
DRS	B	0.1%
FUL	F	0.1%
PEGA	A	0.1%
DY	C	0.1%
RDUS	C	0.1%
EFSC	B	0.1%
HR	C	0.09%
RDN	C	0.09%
MIR	C	0.09%
CRSP	C	0.09%
KFY	B	0.09%
EWTX	B	0.09%
UNIT	B	0.09%
KD	B	0.09%
CRVL	B	0.09%
ESE	B	0.09%
ABM	B	0.09%
LYFT	B	0.09%
ICFI	C	0.09%
AEO	F	0.09%
PJT	B	0.09%
MGRC	B	0.09%
AROC	B	0.09%
NMIH	D	0.09%
RDNT	B	0.09%
RL	B	0.09%
CURB	C	0.09%
LNC	B	0.09%
SLAB	F	0.09%
SHAK	B	0.09%
TRN	A	0.09%
BRC	B	0.09%
OPCH	F	0.09%
AMED	F	0.09%
CAC	B	0.09%
ATKR	C	0.09%
OGN	F	0.09%
DV	C	0.09%
TENB	D	0.09%
UNFI	B	0.08%
BC	D	0.08%
TILE	B	0.08%
CWK	B	0.08%
PLMR	C	0.08%
PRKS	B	0.08%
BWIN	D	0.08%
EVRI	A	0.08%
SPB	A	0.08%
TDS	B	0.08%
AZTA	D	0.08%
ST	F	0.08%
ALG	B	0.08%
BXMT	C	0.08%
ENOV	C	0.08%
ICUI	C	0.08%
RUN	F	0.08%
RNA	B	0.08%
SBRA	B	0.08%
BOH	B	0.08%
BPMC	B	0.08%
NTGR	B	0.08%
STC	C	0.08%
RNST	B	0.08%
SNX	C	0.08%
TEX	C	0.08%
LBPH	A	0.08%
TARS	B	0.08%
PI	D	0.08%
LITE	B	0.08%
CNK	A	0.08%
GVA	B	0.08%
RKLB	B	0.08%
LNN	B	0.08%
HWC	B	0.08%
MAC	B	0.08%
JBT	C	0.08%
MNKD	C	0.07%
CART	B	0.07%
XRAY	F	0.07%
VITL	F	0.07%
MAN	F	0.07%
CLF	D	0.07%
VNOM	C	0.07%
PAYO	B	0.07%
W	F	0.07%
PAR	A	0.07%
CCS	F	0.07%
SG	C	0.07%
UPST	B	0.07%
KREF	D	0.07%
AVNT	B	0.07%
UEC	B	0.07%
PRGO	C	0.07%
MRUS	C	0.07%
CALX	F	0.07%
RH	B	0.07%
WD	C	0.07%
NARI	C	0.07%
AAT	C	0.07%
HBI	B	0.07%
PHAT	F	0.07%
PDM	C	0.07%
HAIN	F	0.07%
GT	C	0.07%
GTES	B	0.07%
PLUS	D	0.07%
COLM	B	0.07%
COMP	B	0.07%
CCCS	B	0.07%
ENR	B	0.07%
PECO	B	0.07%
EYE	D	0.07%
DOCS	B	0.07%
VRDN	C	0.07%
XHR	B	0.07%
VAC	B	0.07%
AMN	F	0.07%
SONO	C	0.07%
VCTR	B	0.07%
BDN	D	0.07%
SEE	C	0.07%
TNET	D	0.07%
LBRDK	B	0.07%
ROG	D	0.07%
INTA	B	0.07%
SASR	B	0.07%
HIMS	B	0.07%
ESRT	D	0.07%
SEM	B	0.07%
DEA	D	0.07%
KTOS	B	0.07%
WU	F	0.07%
ZD	B	0.07%
CTS	B	0.07%
VSEC	A	0.07%
AZZ	B	0.07%
IOSP	B	0.07%
TBBK	B	0.07%
INDB	B	0.07%
CWEN	D	0.07%
CLVT	F	0.07%
PRVA	B	0.07%
ACLX	B	0.07%
BL	B	0.07%
NWN	B	0.07%
IESC	B	0.07%
KOP	D	0.07%
PIPR	B	0.07%
MARA	C	0.07%
PLYA	B	0.07%
ATRC	B	0.07%
ALHC	C	0.07%
OUT	C	0.07%
SXT	B	0.07%
VVX	B	0.07%
AMWD	B	0.07%
RARE	F	0.07%
BPOP	C	0.07%
SFBS	B	0.06%
RBBN	B	0.06%
NRIX	B	0.06%
RNG	C	0.06%
ADUS	D	0.06%
VBTX	B	0.06%
SLVM	C	0.06%
CWEN	D	0.06%
CIVI	F	0.06%
ANDE	D	0.06%
CC	D	0.06%
PTCT	B	0.06%
PLUG	D	0.06%
VERA	B	0.06%
PPBI	B	0.06%
MHO	D	0.06%
GERN	D	0.06%
CRAI	B	0.06%
AORT	C	0.06%
EPR	D	0.06%
VRRM	F	0.06%
GH	B	0.06%
APGE	B	0.06%
SPR	F	0.06%
CHH	B	0.06%
PLAY	C	0.06%
ROCK	B	0.06%
OMCL	C	0.06%
PTGX	C	0.06%
RUSHB	B	0.06%
ALKT	C	0.06%
IBOC	B	0.06%
SM	C	0.06%
PYCR	C	0.06%
JWN	B	0.06%
VERX	B	0.06%
MOV	C	0.06%
VVI	B	0.06%
EXPO	D	0.06%
CAKE	B	0.06%
IART	C	0.06%
FIVN	C	0.06%
JANX	C	0.06%
FROG	C	0.06%
ADMA	B	0.06%
LXP	D	0.06%
EWCZ	C	0.06%
FFIN	B	0.06%
HI	C	0.06%
KVYO	C	0.06%
LEG	F	0.06%
FUN	C	0.06%
TALO	B	0.06%
UFPT	B	0.06%
PNTG	D	0.06%
ELVN	C	0.06%
BYD	A	0.06%
PAHC	B	0.06%
VREX	C	0.06%
TDOC	C	0.06%
BOOT	D	0.06%
CBU	B	0.06%
PEB	D	0.06%
HELE	C	0.06%
MODG	F	0.06%
PK	B	0.06%
EE	B	0.06%
POWI	C	0.06%
HGV	B	0.06%
MBUU	C	0.06%
SMTC	B	0.06%
MDGL	B	0.06%
AVPT	A	0.06%
IRON	B	0.06%
HURN	B	0.06%
CLB	B	0.06%
OII	B	0.06%
RCM	B	0.06%
MASI	B	0.06%
JBGS	F	0.06%
FL	D	0.06%
BANC	B	0.06%
UPBD	B	0.06%
KROS	B	0.06%
IDYA	D	0.06%
VRNS	D	0.06%
VSCO	B	0.06%
HWKN	C	0.06%
CMP	D	0.06%
HAFC	B	0.06%
SKT	A	0.06%
KE	C	0.06%
GBX	A	0.06%
ENV	B	0.06%
CALM	A	0.06%
ZYME	A	0.06%
CLNE	C	0.06%
WRBY	A	0.06%
NVST	C	0.06%
ALEC	C	0.05%
JAMF	F	0.05%
HZO	D	0.05%
KLG	D	0.05%
MLTX	C	0.05%
IMVT	D	0.05%
PFS	B	0.05%
DOCN	D	0.05%
ZEUS	C	0.05%
FLO	F	0.05%
INVX	D	0.05%
ASAN	C	0.05%
PLOW	D	0.05%
CWT	D	0.05%
CUBI	B	0.05%
DNOW	B	0.05%
WOLF	F	0.05%
BEAM	C	0.05%
ARCB	C	0.05%
MMS	C	0.05%
LESL	D	0.05%
LGF.A	C	0.05%
WNC	C	0.05%
BBIO	F	0.05%
BE	C	0.05%
DLX	B	0.05%
LOPE	B	0.05%
AHH	D	0.05%
NEP	F	0.05%
ACEL	C	0.05%
EPC	F	0.05%
RAMP	C	0.05%
GRBK	D	0.05%
ASH	F	0.05%
TNDM	F	0.05%
CAR	C	0.05%
VSTS	D	0.05%
AMBC	C	0.05%
NEOG	D	0.05%
COGT	D	0.05%
DGII	B	0.05%
FLGT	F	0.05%
REVG	B	0.05%
FFBC	B	0.05%
FLG	C	0.05%
CDE	D	0.05%
THRM	D	0.05%
PBI	B	0.05%
MRC	B	0.05%
AGYS	B	0.05%
ICHR	C	0.05%
KELYA	F	0.05%
FRSH	C	0.05%
BNL	D	0.05%
SIBN	C	0.05%
NABL	F	0.05%
SNDX	D	0.05%
ASTE	B	0.05%
MNRO	B	0.05%
AGIO	B	0.05%
KMPR	A	0.05%
TGTX	B	0.05%
PSMT	D	0.05%
LEVI	F	0.05%
HL	D	0.05%
VYX	B	0.05%
MTTR	B	0.05%
CPRX	B	0.05%
ETNB	D	0.05%
IONS	F	0.05%
AVDX	C	0.05%
NEO	C	0.05%
UAA	B	0.05%
TGI	B	0.05%
WKC	D	0.05%
THS	F	0.05%
SHC	D	0.05%
MXL	C	0.05%
PGRE	B	0.05%
KSS	F	0.05%
OSCR	F	0.05%
ARVN	D	0.05%
RYN	F	0.05%
TROX	F	0.05%
PLRX	C	0.05%
WT	B	0.05%
SMPL	B	0.05%
FLYW	C	0.05%
ARKO	B	0.05%
TMDX	F	0.05%
ESTA	D	0.05%
AI	C	0.05%
PDFS	B	0.05%
SBH	C	0.05%
SKY	C	0.05%
GEF	A	0.05%
MLNK	B	0.05%
CNMD	C	0.05%
MMI	B	0.05%
XPRO	F	0.05%
TWST	C	0.05%
AWR	B	0.05%
LIVN	D	0.05%
GEF	A	0.05%
NCNO	B	0.05%
SMP	B	0.05%
PRG	C	0.05%
HLIT	D	0.05%
ARQT	C	0.05%
VRTS	B	0.05%
CWAN	B	0.05%
SLNO	B	0.05%
BROS	B	0.05%
DCO	C	0.05%
VRNT	D	0.05%
NBHC	B	0.05%
ATEN	A	0.05%
PRO	C	0.05%
INFN	C	0.05%
CMCO	C	0.05%
EMBC	B	0.05%
MTRN	B	0.05%
ARWR	C	0.05%
AAP	D	0.05%
CBZ	B	0.05%
AIR	C	0.05%
GOGO	C	0.05%
ZUO	C	0.05%
AXSM	B	0.05%
YELP	C	0.05%
PBF	F	0.05%
COOP	B	0.05%
PRAA	C	0.05%
AGO	B	0.05%
NBTB	B	0.05%
MPW	F	0.05%
RUSHA	B	0.05%
ATGE	B	0.05%
TNC	F	0.05%
RXST	F	0.05%
CSTL	C	0.05%
ACVA	C	0.05%
BGC	B	0.05%
BKU	B	0.05%
HAYW	C	0.05%
HCC	C	0.05%
PD	C	0.05%
KYMR	B	0.05%
ETWO	D	0.04%
OMI	F	0.04%
CAL	D	0.04%
TXG	F	0.04%
FNA	C	0.04%
DK	D	0.04%
FORM	D	0.04%
CXM	C	0.04%
SAVA	D	0.04%
SVRA	D	0.04%
NUVB	C	0.04%
MEG	F	0.04%
MYGN	F	0.04%
SPT	D	0.04%
CCRN	F	0.04%
HOUS	F	0.04%
STAA	F	0.04%
XRX	F	0.04%
CLDX	F	0.04%
FOXF	F	0.04%
CRI	F	0.04%
UCB	B	0.04%
BRZE	C	0.04%
SWTX	D	0.04%
NTLA	F	0.04%
EGY	F	0.04%
ARCT	F	0.04%
MLKN	D	0.04%
RCUS	C	0.04%
KURA	D	0.04%
PRTA	F	0.04%
BRY	F	0.04%
CLW	F	0.04%
DYN	D	0.04%
PTEN	D	0.04%
FTRE	D	0.04%
HPP	F	0.04%
COUR	F	0.04%
AMC	C	0.04%
RCKT	F	0.04%
QS	F	0.04%
MTUS	C	0.04%
GO	D	0.04%
MEI	F	0.04%
CECO	D	0.04%
CGEM	F	0.04%
CLSK	C	0.04%
TMCI	C	0.04%
HLX	D	0.04%
ARLO	D	0.04%
BASE	C	0.04%
PENN	B	0.04%
AXL	C	0.04%
GPRE	F	0.04%
BKD	F	0.04%
MGNI	A	0.04%
IVR	D	0.04%
KRYS	B	0.04%
PGNY	F	0.04%
NVCR	C	0.04%
XPEL	C	0.04%
ALRM	C	0.04%
QDEL	F	0.04%
RXRX	C	0.04%
ANAB	F	0.03%
AGL	F	0.03%
VSAT	F	0.03%
ASPN	F	0.03%
MQ	F	0.03%
SITC	D	0.03%
CRMT	F	0.03%
CNXC	F	0.03%
CDNA	D	0.03%
SEDG	F	0.03%
APLS	F	0.03%
CPRI	F	0.03%
NVAX	F	0.03%
JELD	F	0.03%
NOVA	F	0.03%
MAGN	F	0.02%
MC	B	0.02%
DEI	C	0.02%
GDOT	C	0.01%

ESML Underweight 300 Positions Relative to PTL

Symbol	Grade	Weight
AVGO	B	-5.69%
XOM	B	-3.78%
HD	B	-2.75%
LIN	D	-1.54%
QCOM	F	-1.36%
ISRG	A	-1.31%
CAT	B	-1.25%
NEE	D	-1.13%
LOW	B	-1.06%
PGR	B	-1.05%
ANET	C	-0.9%
ADP	A	-0.86%
PANW	A	-0.85%
PLTR	B	-0.82%
UPS	D	-0.8%
PLD	F	-0.78%
ELV	F	-0.72%
REGN	F	-0.72%
SHW	B	-0.68%
KLAC	F	-0.65%
ICE	D	-0.64%
APH	B	-0.61%
WM	A	-0.61%
CTAS	A	-0.6%
GEV	B	-0.59%
SNPS	B	-0.59%
PH	B	-0.59%
WELL	B	-0.58%
SCCO	D	-0.58%
MRVL	B	-0.56%
FDX	B	-0.54%
EOG	B	-0.51%
EMR	A	-0.47%
ORLY	A	-0.47%
CSX	B	-0.47%
RSG	A	-0.45%
FCX	F	-0.44%
OKE	A	-0.43%
TTD	A	-0.43%
FTNT	A	-0.42%
DHI	D	-0.42%
ROP	B	-0.42%
CEG	D	-0.42%
SLB	D	-0.42%
PSA	D	-0.42%
DLR	B	-0.42%
PCAR	B	-0.41%
AFL	C	-0.41%
NSC	B	-0.41%
APP	A	-0.4%
SPG	B	-0.4%
KMI	A	-0.39%
FANG	D	-0.39%
MNST	B	-0.38%
NEM	F	-0.38%
URI	B	-0.37%
PAYX	B	-0.36%
CPRT	B	-0.36%
AZO	C	-0.36%
CPNG	C	-0.35%
FICO	A	-0.35%
AIG	C	-0.35%
LEN	D	-0.35%
OXY	F	-0.34%
COIN	B	-0.34%
ODFL	B	-0.33%
CCI	F	-0.33%
COR	A	-0.33%
LNG	B	-0.32%
KVUE	A	-0.32%
PWR	B	-0.32%
MSCI	B	-0.32%
FAST	B	-0.32%
DDOG	C	-0.31%
PCG	A	-0.31%
VLO	D	-0.31%
EW	F	-0.3%
AME	A	-0.3%
MSTR	A	-0.29%
MCHP	F	-0.29%
IQV	F	-0.29%
TRGP	A	-0.29%
SNOW	C	-0.28%
BKR	B	-0.28%
IR	A	-0.28%
GEHC	D	-0.28%
PEG	D	-0.28%
VRT	B	-0.28%
VRSK	A	-0.28%
EXC	D	-0.27%
SYY	B	-0.26%
VEEV	B	-0.26%
RMD	B	-0.26%
VMC	B	-0.26%
EXR	D	-0.26%
MLM	B	-0.26%
MPWR	F	-0.26%
OTIS	D	-0.26%
EFX	D	-0.25%
DAL	A	-0.25%
IDXX	D	-0.25%
YUM	B	-0.25%
CSGP	D	-0.24%
ED	D	-0.24%
NUE	C	-0.24%
VST	B	-0.23%
ETR	B	-0.22%
NET	C	-0.22%
BRO	A	-0.22%
ON	D	-0.22%
ZS	B	-0.21%
FCNCA	B	-0.21%
TPL	A	-0.21%
TTWO	A	-0.21%
WEC	B	-0.21%
DXCM	C	-0.21%
AWK	D	-0.2%
LYB	F	-0.2%
TW	B	-0.2%
PHM	D	-0.2%
NVR	D	-0.2%
EQR	D	-0.2%
ANSS	B	-0.2%
TSCO	D	-0.2%
MTD	F	-0.2%
CDW	F	-0.19%
TYL	B	-0.19%
DVN	F	-0.19%
VTR	C	-0.19%
HAL	D	-0.19%
DOV	A	-0.19%
KEYS	B	-0.19%
IOT	B	-0.19%
DTE	D	-0.18%
DECK	B	-0.18%
IFF	F	-0.18%
VLTO	D	-0.18%
ADM	F	-0.18%
WY	F	-0.17%
HUBB	B	-0.17%
ROL	B	-0.17%
GFS	C	-0.17%
NTAP	C	-0.17%
FE	D	-0.17%
SBAC	D	-0.17%
WST	C	-0.17%
RF	A	-0.16%
EME	B	-0.16%
CINF	A	-0.16%
ES	F	-0.16%
TSN	C	-0.16%
WDC	D	-0.16%
STE	F	-0.16%
AEE	A	-0.16%
WRB	B	-0.16%
CBOE	D	-0.16%
FSLR	F	-0.16%
LII	B	-0.16%
CPAY	A	-0.16%
CMS	D	-0.15%
INVH	D	-0.15%
MKL	A	-0.15%
IP	B	-0.15%
PKG	B	-0.15%
ARE	F	-0.15%
ATO	A	-0.15%
ERIE	F	-0.15%
MKC	D	-0.15%
MDB	C	-0.15%
BLDR	D	-0.15%
BAX	F	-0.14%
JBHT	B	-0.14%
LH	B	-0.14%
CSL	C	-0.14%
ESS	C	-0.14%
STLD	B	-0.14%
WSO	A	-0.14%
MOH	F	-0.14%
MAS	D	-0.13%
SUI	F	-0.13%
SSNC	C	-0.13%
DG	F	-0.13%
CNP	B	-0.13%
HOLX	D	-0.13%
MAA	C	-0.13%
ALGN	D	-0.12%
GPC	D	-0.12%
OC	B	-0.12%
NWSA	B	-0.12%
MRO	B	-0.12%
RPRX	F	-0.12%
UTHR	B	-0.12%
EXPD	F	-0.12%
TOST	A	-0.12%
WSM	F	-0.12%
BSY	D	-0.12%
IEX	B	-0.12%
WLK	F	-0.12%
SMMT	D	-0.12%
J	B	-0.12%
NRG	B	-0.12%
CTRA	C	-0.12%
CRBG	C	-0.12%
PODD	B	-0.12%
RPM	B	-0.12%
GEN	A	-0.12%
L	B	-0.12%
SMCI	F	-0.12%
SNA	A	-0.12%
TER	D	-0.12%
INCY	B	-0.11%
UHS	D	-0.11%
DLTR	F	-0.11%
CF	B	-0.11%
UI	A	-0.11%
DOC	C	-0.11%
NI	A	-0.11%
RVTY	C	-0.11%
RS	B	-0.11%
ENTG	D	-0.11%
MANH	C	-0.11%
DT	C	-0.11%
SOLV	C	-0.1%
LAMR	D	-0.1%
JKHY	C	-0.1%
FFIV	B	-0.1%
JBL	B	-0.1%
AMH	D	-0.1%
ELS	C	-0.1%
UHAL	C	-0.1%
REG	B	-0.1%
DOCU	A	-0.1%
EVRG	A	-0.1%
AGR	C	-0.1%
GGG	B	-0.1%
CAG	F	-0.1%
POOL	D	-0.1%
SWKS	F	-0.1%
NDSN	B	-0.1%
CPB	F	-0.1%
UDR	D	-0.1%
TRMB	B	-0.1%
HLI	B	-0.09%
BG	D	-0.09%
DVA	C	-0.09%
WPC	F	-0.09%
PFGC	B	-0.09%
SN	D	-0.09%
OKTA	C	-0.09%
JNPR	C	-0.09%
CPT	D	-0.09%
NBIX	C	-0.09%
HST	C	-0.09%
PAYC	B	-0.09%
ENPH	F	-0.09%
BXP	D	-0.09%
UWMC	F	-0.08%
ACI	C	-0.08%
MKTX	C	-0.08%
BIO	C	-0.08%
AFG	B	-0.08%
WTRG	B	-0.08%
EPAM	C	-0.08%
ALB	C	-0.08%
CCK	B	-0.08%
OVV	C	-0.08%
CHRW	B	-0.08%
LW	C	-0.08%
KMX	C	-0.08%
PPC	B	-0.08%
APA	F	-0.07%
HLNE	B	-0.07%
MLI	B	-0.07%
PNW	B	-0.07%
SEIC	A	-0.07%
PAG	C	-0.07%
DOX	A	-0.07%
AOS	F	-0.07%
EXEL	B	-0.07%
FBIN	F	-0.07%
NNN	F	-0.06%
UFPI	B	-0.06%
CELH	F	-0.06%
OGE	B	-0.06%
DINO	D	-0.06%
CHRD	F	-0.06%
RBC	B	-0.06%
TTC	D	-0.06%
KNX	B	-0.06%
AMKR	F	-0.05%
G	B	-0.05%
QRVO	F	-0.05%
BOKF	B	-0.05%
GNTX	C	-0.05%
STAG	F	-0.05%
KEX	A	-0.05%
SAIC	B	-0.05%
NPAB	F	-0.05%
PB	A	-0.05%
MIDD	C	-0.05%