ESML vs. SLYV ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index (SLYV)

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

SLYV

SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index

SLYV 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 small capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. In seeking to track the performance of the S&P SmallCap 600 Value Index (the "index"), the fund employs a replication strategy. 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 small-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.23

Average Daily Volume

196,595

Number of Holdings ^*

448

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SLYV
30 Days	8.75%	9.14%
60 Days	8.59%	8.04%
90 Days	9.69%	8.51%
12 Months	34.45%	29.97%

236 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SLYV	Overlap
AAP	C	0.06%	0.34%	0.06%
AAT	B	0.07%	0.18%	0.07%
ABCB	B	0.11%	0.62%	0.11%
ABG	B	0.12%	0.37%	0.12%
ABM	B	0.09%	0.48%	0.09%
ACA	A	0.14%	0.29%	0.14%
ACIW	B	0.16%	0.29%	0.16%
ADUS	D	0.05%	0.17%	0.05%
AEIS	B	0.17%	0.22%	0.17%
AGO	B	0.06%	0.25%	0.06%
AHH	D	0.04%	0.06%	0.04%
AIR	B	0.06%	0.09%	0.06%
AL	B	0.1%	0.55%	0.1%
ALK	C	0.23%	0.92%	0.23%
ALKS	B	0.1%	0.23%	0.1%
AMN	F	0.04%	0.06%	0.04%
AMWD	C	0.08%	0.09%	0.08%
ANDE	D	0.06%	0.1%	0.06%
AORT	B	0.05%	0.07%	0.05%
APAM	B	0.1%	0.2%	0.1%
ASTE	B	0.05%	0.12%	0.05%
ATEN	B	0.06%	0.09%	0.06%
AUB	B	0.11%	0.53%	0.11%
AVA	A	0.19%	0.4%	0.19%
AWR	B	0.05%	0.2%	0.05%
AXL	C	0.05%	0.1%	0.05%
BANC	A	0.06%	0.31%	0.06%
BANR	B	0.18%	0.35%	0.18%
BCPC	B	0.13%	0.35%	0.13%
BDN	C	0.07%	0.12%	0.07%
BGC	C	0.05%	0.23%	0.05%
BHE	B	0.16%	0.24%	0.16%
BHLB	B	0.2%	0.09%	0.09%
BKU	A	0.06%	0.42%	0.06%
BL	B	0.08%	0.14%	0.08%
BOH	B	0.08%	0.25%	0.08%
BOX	B	0.13%	0.27%	0.13%
BRC	D	0.09%	0.16%	0.09%
BXMT	C	0.08%	0.44%	0.08%
CABO	C	0.13%	0.26%	0.13%
CAKE	C	0.06%	0.17%	0.06%
CAL	D	0.04%	0.15%	0.04%
CALX	D	0.05%	0.12%	0.05%
CBU	B	0.06%	0.5%	0.06%
CCS	D	0.06%	0.16%	0.06%
CLB	B	0.06%	0.07%	0.06%
CMA	A	0.21%	1.28%	0.21%
COOP	B	0.05%	0.86%	0.05%
CPF	A	0.15%	0.11%	0.11%
CPK	A	0.13%	0.21%	0.13%
CSGS	B	0.11%	0.11%	0.11%
CTS	C	0.07%	0.1%	0.07%
CVBF	A	0.12%	0.41%	0.12%
CWEN	C	0.07%	0.12%	0.07%
CWEN	C	0.07%	0.31%	0.07%
CWEN	C	0.05%	0.31%	0.05%
CWEN	C	0.05%	0.12%	0.05%
CWK	B	0.07%	0.45%	0.07%
CWT	D	0.04%	0.24%	0.04%
CXM	C	0.04%	0.13%	0.04%
DEA	D	0.07%	0.17%	0.07%
DEI	B	0.02%	0.43%	0.02%
DGII	B	0.05%	0.16%	0.05%
DLX	B	0.06%	0.14%	0.06%
DNOW	B	0.05%	0.21%	0.05%
DOCN	D	0.05%	0.15%	0.05%
DXC	B	0.11%	0.54%	0.11%
DY	D	0.1%	0.74%	0.1%
EAT	A	0.16%	0.41%	0.16%
ECPG	B	0.11%	0.16%	0.11%
EMBC	C	0.05%	0.12%	0.05%
ENR	B	0.07%	0.16%	0.07%
ENV	B	0.06%	0.25%	0.06%
EPAC	B	0.13%	0.12%	0.12%
EPC	D	0.04%	0.24%	0.04%
EPRT	B	0.18%	0.38%	0.18%
ETSY	D	0.1%	0.45%	0.1%
EYE	C	0.06%	0.12%	0.06%
FFBC	A	0.05%	0.38%	0.05%
FL	F	0.06%	0.27%	0.06%
FLGT	F	0.04%	0.05%	0.04%
FOXF	F	0.04%	0.11%	0.04%
FTRE	D	0.05%	0.25%	0.05%
FUL	F	0.1%	0.29%	0.1%
FULT	A	0.12%	0.53%	0.12%
GBX	A	0.07%	0.29%	0.07%
GDOT	D	0.01%	0.08%	0.01%
GO	C	0.05%	0.24%	0.05%
GOGO	C	0.05%	0.04%	0.04%
GPRE	F	0.04%	0.1%	0.04%
GTES	A	0.07%	0.43%	0.07%
GVA	A	0.08%	0.28%	0.08%
HAFC	A	0.07%	0.11%	0.07%
HAIN	C	0.05%	0.08%	0.05%
HASI	D	0.1%	0.44%	0.1%
HAYW	B	0.05%	0.31%	0.05%
HBI	B	0.07%	0.38%	0.07%
HELE	C	0.06%	0.21%	0.06%
HI	C	0.07%	0.33%	0.07%
HIMS	B	0.07%	0.55%	0.07%
HIW	D	0.13%	0.47%	0.13%
HLIT	D	0.05%	0.09%	0.05%
HNI	B	0.15%	0.14%	0.14%
HPP	F	0.04%	0.08%	0.04%
HZO	D	0.05%	0.08%	0.05%
IART	C	0.05%	0.22%	0.05%
ICHR	C	0.05%	0.15%	0.05%
ICUI	D	0.08%	0.58%	0.08%
INDB	B	0.08%	0.42%	0.08%
INSP	D	0.08%	0.18%	0.08%
IOSP	B	0.08%	0.15%	0.08%
ITRI	B	0.2%	0.37%	0.2%
JBGS	D	0.05%	0.18%	0.05%
JBT	B	0.08%	0.21%	0.08%
JXN	C	0.14%	1.04%	0.14%
KAR	B	0.11%	0.29%	0.11%
KELYA	F	0.03%	0.07%	0.03%
KFY	B	0.09%	0.24%	0.09%
KLG	C	0.05%	0.16%	0.05%
KLIC	B	0.13%	0.13%	0.13%
KOP	C	0.08%	0.05%	0.05%
KREF	D	0.06%	0.09%	0.06%
KRYS	B	0.04%	0.21%	0.04%
KSS	F	0.05%	0.29%	0.05%
LCII	C	0.1%	0.15%	0.1%
LEG	F	0.05%	0.22%	0.05%
LESL	C	0.04%	0.07%	0.04%
LNC	B	0.09%	0.82%	0.09%
LNN	B	0.08%	0.09%	0.08%
LUMN	C	0.19%	1.21%	0.19%
LXP	D	0.06%	0.38%	0.06%
MAC	B	0.08%	0.57%	0.08%
MC	C	0.02%	0.34%	0.02%
MDU	D	0.18%	0.5%	0.18%
MLKN	D	0.04%	0.23%	0.04%
MMI	B	0.05%	0.08%	0.05%
MMSI	B	0.15%	0.33%	0.15%
MNRO	D	0.05%	0.12%	0.05%
MODG	F	0.05%	0.16%	0.05%
MPW	F	0.05%	0.35%	0.05%
MRCY	B	0.11%	0.28%	0.11%
MTUS	C	0.04%	0.03%	0.03%
MTX	B	0.12%	0.18%	0.12%
MXL	C	0.05%	0.06%	0.05%
MYGN	F	0.03%	0.1%	0.03%
NABL	F	0.04%	0.04%	0.04%
NARI	C	0.06%	0.15%	0.06%
NBHC	B	0.05%	0.26%	0.05%
NBTB	B	0.06%	0.33%	0.06%
NMIH	D	0.09%	0.14%	0.09%
NPO	A	0.13%	0.26%	0.13%
NSIT	F	0.13%	0.21%	0.13%
NWL	B	0.1%	0.52%	0.1%
NWN	A	0.07%	0.22%	0.07%
OGN	D	0.09%	0.54%	0.09%
OMCL	C	0.05%	0.3%	0.05%
OMI	F	0.04%	0.12%	0.04%
OUT	A	0.07%	0.21%	0.07%
PAHC	C	0.06%	0.07%	0.06%
PAYO	A	0.06%	0.22%	0.06%
PBI	B	0.05%	0.16%	0.05%
PDCO	D	0.13%	0.21%	0.13%
PEB	D	0.06%	0.21%	0.06%
PECO	A	0.07%	0.32%	0.07%
PENN	C	0.05%	0.43%	0.05%
PFS	B	0.05%	0.39%	0.05%
PI	D	0.07%	0.18%	0.07%
PINC	B	0.14%	0.33%	0.14%
PIPR	B	0.08%	0.37%	0.08%
PJT	A	0.1%	0.22%	0.1%
PLUS	F	0.06%	0.11%	0.06%
PLXS	B	0.17%	0.32%	0.17%
PPBI	B	0.06%	0.37%	0.06%
PRAA	C	0.05%	0.12%	0.05%
PSMT	C	0.05%	0.31%	0.05%
PTEN	C	0.04%	0.18%	0.04%
PTGX	C	0.05%	0.1%	0.05%
RCUS	F	0.04%	0.07%	0.04%
RDN	C	0.09%	0.32%	0.09%
REZI	A	0.23%	0.51%	0.23%
RHI	B	0.21%	1.06%	0.21%
RNST	B	0.08%	0.32%	0.08%
ROG	D	0.07%	0.08%	0.07%
RUN	F	0.05%	0.34%	0.05%
RUSHA	C	0.05%	0.29%	0.05%
RXO	C	0.1%	0.28%	0.1%
SATS	D	0.06%	0.37%	0.06%
SBH	C	0.05%	0.19%	0.05%
SCL	C	0.1%	0.22%	0.1%
SEDG	F	0.02%	0.06%	0.02%
SEE	C	0.07%	0.43%	0.07%
SEM	B	0.07%	0.54%	0.07%
SFBS	B	0.06%	0.35%	0.06%
SJW	D	0.09%	0.12%	0.09%
SLG	B	0.1%	0.68%	0.1%
SLVM	B	0.05%	0.4%	0.05%
SMP	B	0.05%	0.1%	0.05%
SMPL	B	0.05%	0.17%	0.05%
SMTC	B	0.06%	0.27%	0.06%
SNDR	B	0.19%	0.2%	0.19%
SONO	C	0.07%	0.23%	0.07%
STAA	F	0.03%	0.07%	0.03%
STC	B	0.08%	0.28%	0.08%
SXT	B	0.07%	0.26%	0.07%
TALO	C	0.06%	0.2%	0.06%
TDS	B	0.08%	0.21%	0.08%
TGI	B	0.06%	0.19%	0.06%
TGNA	B	0.2%	0.41%	0.2%
THRM	D	0.05%	0.1%	0.05%
THS	D	0.04%	0.21%	0.04%
TILE	B	0.08%	0.21%	0.08%
TNDM	F	0.04%	0.14%	0.04%
TPH	D	0.14%	0.21%	0.14%
TRN	C	0.1%	0.21%	0.1%
UCB	A	0.04%	0.53%	0.04%
UNFI	A	0.07%	0.17%	0.07%
UNIT	B	0.08%	0.09%	0.08%
UPBD	B	0.06%	0.1%	0.06%
VBTX	B	0.06%	0.22%	0.06%
VFC	C	0.18%	0.93%	0.18%
VRTS	B	0.06%	0.08%	0.06%
VSAT	F	0.02%	0.09%	0.02%
VSCO	B	0.07%	0.39%	0.07%
VSTS	C	0.05%	0.1%	0.05%
VYX	B	0.05%	0.29%	0.05%
WD	D	0.06%	0.27%	0.06%
WERN	C	0.12%	0.34%	0.12%
WGO	C	0.12%	0.11%	0.11%
WHD	B	0.12%	0.23%	0.12%
WKC	D	0.05%	0.23%	0.05%
WNC	C	0.05%	0.12%	0.05%
WOLF	F	0.03%	0.07%	0.03%
XHR	B	0.07%	0.09%	0.07%
XRX	F	0.04%	0.13%	0.04%
ZD	C	0.08%	0.35%	0.08%
ZWS	B	0.2%	0.45%	0.2%

ESML Overweight 670 Positions Relative to SLYV

Symbol	Grade	Weight
CASY	A	0.52%
JHG	A	0.51%
USFD	A	0.49%
CVNA	B	0.48%
SFM	A	0.43%
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%
OGS	A	0.31%
OSK	B	0.3%
GBCI	B	0.3%
BWXT	B	0.3%
BMI	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%
CNX	A	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%
UMBF	B	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%
MWA	B	0.25%
WEX	D	0.25%
UNM	A	0.25%
DCI	B	0.25%
AAON	B	0.25%
RRC	B	0.25%
BJ	A	0.25%
PRGS	A	0.24%
WCC	B	0.24%
FTAI	B	0.24%
UGI	A	0.24%
RNR	C	0.24%
MOG.A	B	0.24%
IVZ	B	0.24%
ATR	B	0.24%
HRI	B	0.24%
NCLH	B	0.24%
AFRM	B	0.23%
CBSH	A	0.23%
ARMK	B	0.23%
PRI	A	0.23%
AWI	A	0.23%
EXLS	B	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%
FELE	B	0.22%
WAL	B	0.22%
CMC	B	0.22%
CVLT	B	0.22%
AR	B	0.22%
EGP	F	0.21%
CDP	C	0.21%
CACI	D	0.21%
WMS	D	0.21%
WTS	B	0.21%
INSM	C	0.21%
PCVX	D	0.21%
ONTO	D	0.21%
LSTR	D	0.21%
CUZ	B	0.21%
GME	C	0.21%
NJR	A	0.21%
CNO	A	0.2%
HOG	D	0.2%
FND	C	0.2%
LECO	B	0.2%
BDC	B	0.2%
KNSL	B	0.2%
WHR	B	0.2%
FBP	B	0.2%
PLNT	A	0.2%
KBH	D	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%
ENSG	D	0.2%
RLI	B	0.2%
HHH	B	0.2%
WK	B	0.2%
BFAM	D	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%
ONB	B	0.19%
AXS	A	0.19%
HRB	D	0.19%
LNW	D	0.19%
OHI	C	0.19%
DAR	C	0.19%
FRPT	B	0.19%
GPI	A	0.19%
AA	B	0.19%
NOVT	D	0.19%
RHP	B	0.19%
WWD	B	0.19%
CR	A	0.19%
NVT	B	0.19%
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%
KNTK	B	0.18%
MORN	B	0.18%
DUOL	A	0.18%
ENLC	A	0.18%
MTH	D	0.17%
LAZ	B	0.17%
CHX	C	0.17%
BERY	B	0.17%
FN	D	0.17%
PCH	D	0.17%
TMHC	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%
UBSI	B	0.17%
MSA	D	0.17%
GATX	A	0.17%
WSC	D	0.17%
MTZ	B	0.17%
KTB	B	0.16%
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%
HQY	B	0.16%
TNL	A	0.16%
SPSC	C	0.16%
TKO	B	0.16%
SLM	A	0.16%
BCC	B	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%
FSS	B	0.15%
ANF	C	0.15%
AM	A	0.15%
VNT	B	0.15%
FIBK	A	0.15%
CRS	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%
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%
SR	A	0.14%
RYAN	B	0.14%
SMAR	A	0.14%
PRIM	A	0.14%
ALTR	B	0.14%
RMBS	C	0.14%
MKSI	C	0.14%
IBCP	B	0.14%
BILL	A	0.14%
IDCC	A	0.14%
ASGN	F	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%
CAVA	B	0.13%
AIT	A	0.13%
MAT	D	0.13%
STRL	B	0.13%
CBT	C	0.13%
FYBR	D	0.13%
LRN	A	0.13%
ORI	A	0.13%
KNF	A	0.13%
SWX	B	0.13%
ITGR	B	0.13%
CYTK	F	0.13%
AZEK	A	0.13%
MUR	D	0.13%
WTM	A	0.13%
VMI	B	0.13%
ELF	C	0.13%
COLB	A	0.13%
AGCO	D	0.13%
AGNC	D	0.12%
OLLI	D	0.12%
EVR	B	0.12%
DFIN	D	0.12%
YETI	C	0.12%
IRDM	D	0.12%
QTWO	A	0.12%
KOS	F	0.12%
RKLB	B	0.12%
BLKB	B	0.12%
S	B	0.12%
GL	B	0.12%
CRDO	B	0.12%
THO	B	0.12%
ADT	C	0.12%
GAP	C	0.12%
HAE	C	0.12%
PEGA	A	0.11%
PATH	C	0.11%
TXRH	C	0.11%
JEF	A	0.11%
ORA	B	0.11%
KRC	C	0.11%
GMED	A	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%
EFSC	B	0.11%
SON	D	0.11%
ADC	B	0.11%
HALO	F	0.11%
LBRDA	C	0.11%
VC	D	0.1%
CFR	B	0.1%
TDC	D	0.1%
ERII	D	0.1%
AROC	B	0.1%
RVMD	C	0.1%
HCP	B	0.1%
BRBR	A	0.1%
TENB	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%
BHVN	D	0.1%
DNLI	D	0.1%
DRS	B	0.1%
CRC	B	0.1%
LITE	B	0.1%
PFSI	D	0.1%
FLR	B	0.1%
TRNO	F	0.1%
RDUS	C	0.1%
CCOI	B	0.1%
RDNT	B	0.1%
KD	B	0.1%
SIG	B	0.1%
AMAL	B	0.1%
CGNX	C	0.1%
ALTM	C	0.1%
PSN	D	0.1%
LNTH	D	0.1%
FIVE	F	0.1%
LEA	D	0.1%
VNO	B	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%
MGRC	B	0.09%
FR	C	0.09%
CURB	D	0.09%
SLAB	D	0.09%
ZI	D	0.09%
MTSI	B	0.09%
OPCH	D	0.09%
ESE	B	0.09%
NXST	C	0.09%
RL	B	0.09%
ATKR	C	0.09%
HWC	B	0.09%
MARA	C	0.09%
CRVL	A	0.09%
IMAX	B	0.09%
IBP	D	0.09%
POWL	C	0.09%
ACHC	F	0.09%
EVRI	A	0.08%
AVPT	A	0.08%
SBRA	C	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%
TBBK	B	0.08%
SPB	C	0.08%
ACLX	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%
TNET	D	0.08%
PLYA	B	0.08%
PRVA	B	0.08%
LBPH	A	0.08%
TEX	D	0.08%
CHWY	B	0.08%
ENOV	C	0.08%
VAC	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%
PRCT	B	0.08%
DOCS	C	0.08%
PLMR	B	0.08%
MIR	A	0.08%
SKT	B	0.07%
EE	A	0.07%
RARE	D	0.07%
LBRDK	C	0.07%
UEC	B	0.07%
WU	D	0.07%
GT	C	0.07%
HGV	B	0.07%
ESRT	C	0.07%
COLM	B	0.07%
TREX	C	0.07%
ESNT	D	0.07%
VVX	C	0.07%
AVNT	B	0.07%
PRGO	B	0.07%
ZYME	C	0.07%
ALHC	C	0.07%
AZTA	D	0.07%
MHK	D	0.07%
HWKN	B	0.07%
GH	B	0.07%
BROS	B	0.07%
FIVN	C	0.07%
ATRC	C	0.07%
VCTR	B	0.07%
BC	C	0.07%
WTFC	A	0.07%
WRBY	B	0.07%
AN	C	0.07%
CCCS	B	0.07%
AZZ	B	0.07%
PAR	B	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%
TMCI	D	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%
PBF	D	0.06%
W	F	0.06%
MBUU	C	0.06%
PTCT	B	0.06%
PLAY	D	0.06%
EXPO	D	0.06%
AXSM	B	0.06%
MOV	C	0.06%
AGIO	C	0.06%
NRIX	D	0.06%
VRNT	C	0.06%
COKE	C	0.06%
JWN	C	0.06%
POWI	D	0.06%
CMCO	B	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%
PNTG	D	0.06%
CLNE	D	0.06%
CMP	C	0.06%
MGNI	A	0.06%
RUSHB	B	0.06%
KROS	D	0.06%
VREX	C	0.06%
FROG	C	0.06%
PYCR	C	0.06%
CART	C	0.06%
BOOT	D	0.06%
OWL	A	0.06%
NVST	B	0.06%
ACVA	B	0.06%
SM	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%
PK	B	0.06%
ADMA	B	0.06%
MNKD	C	0.06%
BYD	C	0.06%
AVDX	B	0.06%
VNOM	A	0.06%
FRSH	C	0.06%
KE	C	0.06%
FUN	C	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%
PDM	D	0.06%
MASI	A	0.06%
CALM	A	0.06%
IBOC	A	0.06%
RH	B	0.06%
VVI	C	0.06%
FFIN	B	0.06%
COMP	B	0.06%
OII	B	0.06%
SWTX	C	0.05%
RXST	F	0.05%
EWCZ	F	0.05%
TWST	D	0.05%
BNL	D	0.05%
ARVN	D	0.05%
NUVB	C	0.05%
ZEUS	C	0.05%
ETNB	C	0.05%
HLX	B	0.05%
RYN	D	0.05%
ALRM	C	0.05%
IONS	F	0.05%
PLOW	D	0.05%
ARKO	C	0.05%
SHC	F	0.05%
CECO	A	0.05%
LEVI	F	0.05%
INFA	D	0.05%
CPRX	C	0.05%
GERN	D	0.05%
APGE	F	0.05%
CNMD	C	0.05%
FLG	C	0.05%
ARCB	C	0.05%
CDE	D	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%
ASAN	C	0.05%
MLNK	B	0.05%
AI	B	0.05%
AMBC	C	0.05%
BEAM	D	0.05%
XPEL	C	0.05%
PGRE	F	0.05%
EDR	A	0.05%
REVG	B	0.05%
INFN	C	0.05%
MRC	B	0.05%
SPR	D	0.05%
VITL	D	0.05%
LCID	F	0.05%
ELVN	D	0.05%
MTTR	B	0.05%
KYMR	D	0.05%
NEO	C	0.05%
XPRO	F	0.05%
RAMP	C	0.05%
ZUO	B	0.05%
HCC	B	0.05%
JANX	C	0.05%
PDFS	C	0.05%
CSTL	D	0.05%
CC	C	0.05%
MHO	D	0.05%
PRG	C	0.05%
GEF	A	0.05%
TMDX	F	0.05%
SKY	A	0.05%
BE	B	0.05%
LIVN	F	0.05%
KMPR	B	0.05%
EPR	D	0.05%
MDGL	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%
TNC	D	0.05%
ARQT	C	0.05%
GEF	A	0.05%
NUVL	D	0.05%
YELP	C	0.05%
UAA	C	0.05%
NCNO	B	0.05%
COLD	D	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%
CLW	F	0.04%
FORM	D	0.04%
BKD	D	0.04%
HOUS	D	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%
EGY	D	0.04%
ESTA	D	0.04%
SPT	C	0.04%
JAMF	F	0.04%
ARCT	F	0.04%
CGEM	F	0.04%
COUR	F	0.04%
SAVA	D	0.04%
SIBN	F	0.04%
SNDX	F	0.04%
IMVT	F	0.04%
MMS	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%
HL	D	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%
MEI	D	0.04%
IVR	F	0.04%
BRZE	C	0.04%
LGF.A	C	0.04%
RXRX	F	0.04%
GRBK	D	0.04%
TROX	D	0.04%
COGT	D	0.04%
RKT	F	0.04%
NEOG	F	0.04%
NVAX	F	0.03%
ANAB	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%
CCRN	F	0.03%
CPRI	F	0.03%
ETWO	F	0.03%
BRY	F	0.03%
MQ	F	0.03%
JELD	F	0.03%
AGL	F	0.02%
NOVA	F	0.02%
ASPN	F	0.02%
MAGN	F	0.01%

ESML Underweight 214 Positions Relative to SLYV

Symbol	Grade	Weight
BBWI	D	-0.97%
SANM	B	-0.59%
GEO	B	-0.49%
ASO	F	-0.49%
FHB	A	-0.48%
HUBG	A	-0.43%
SFNC	B	-0.43%
GNW	A	-0.43%
WAFD	B	-0.42%
STEP	B	-0.4%
VIRT	B	-0.4%
BFH	B	-0.39%
ABR	C	-0.39%
SNEX	B	-0.38%
ENVA	B	-0.37%
VSTO	A	-0.36%
AKR	B	-0.36%
SBCF	A	-0.35%
TTMI	B	-0.34%
IBTX	B	-0.32%
TRMK	B	-0.32%
CXW	B	-0.32%
VIAV	B	-0.31%
KMT	B	-0.31%
PHIN	A	-0.31%
PBH	A	-0.3%
ROIC	A	-0.3%
LGND	B	-0.29%
JBLU	F	-0.29%
NATL	B	-0.29%
B	B	-0.29%
CRGY	B	-0.29%
IAC	D	-0.28%
OI	C	-0.28%
SKYW	B	-0.28%
MCY	A	-0.27%
FBK	B	-0.27%
CATY	B	-0.27%
CTRE	D	-0.26%
BTU	B	-0.26%
NWBI	B	-0.26%
WSFS	A	-0.26%
FBNC	A	-0.26%
ADNT	F	-0.25%
CORT	B	-0.25%
MGEE	C	-0.24%
UNF	B	-0.24%
WWW	B	-0.24%
HOPE	B	-0.23%
NGVT	B	-0.23%
CENTA	C	-0.23%
PRK	B	-0.23%
HMN	B	-0.23%
UCTT	D	-0.22%
SITM	B	-0.22%
AX	A	-0.22%
NTCT	C	-0.22%
HP	B	-0.21%
CHEF	A	-0.2%
GNL	F	-0.2%
FCPT	C	-0.2%
ELME	D	-0.2%
HTH	B	-0.2%
MP	B	-0.19%
CNS	B	-0.19%
ALEX	C	-0.19%
STRA	C	-0.19%
KW	B	-0.18%
KALU	C	-0.18%
AIN	C	-0.18%
UVV	B	-0.18%
EIG	B	-0.18%
IIPR	D	-0.18%
GIII	D	-0.17%
SAFT	C	-0.17%
MD	B	-0.17%
PMT	D	-0.16%
UE	C	-0.16%
QNST	B	-0.16%
DORM	B	-0.16%
NVEE	F	-0.16%
RC	D	-0.16%
DCOM	A	-0.16%
SUPN	C	-0.16%
NAVI	C	-0.16%
AHCO	F	-0.15%
CBRL	C	-0.15%
DAN	D	-0.15%
CSR	B	-0.15%
KWR	C	-0.15%
CENX	B	-0.15%
FDP	B	-0.15%
BRKL	B	-0.15%
SCSC	B	-0.15%
ALGT	B	-0.15%
DIOD	D	-0.14%
NXRT	B	-0.14%
LKFN	B	-0.14%
APOG	B	-0.14%
GFF	A	-0.14%
FCF	A	-0.14%
FBRT	C	-0.14%
SXC	A	-0.14%
ARCH	B	-0.13%
BANF	B	-0.13%
TMP	B	-0.13%
HSII	B	-0.13%
SAH	A	-0.13%
LTC	B	-0.13%
KN	B	-0.13%
BJRI	B	-0.12%
PZZA	D	-0.12%
PRA	C	-0.12%
EGBN	B	-0.12%
ODP	F	-0.12%
LGIH	D	-0.12%
HCSG	C	-0.12%
AVNS	F	-0.12%
CNXN	C	-0.12%
VRE	B	-0.12%
DXPE	B	-0.12%
GTY	B	-0.12%
HFWA	B	-0.12%
VTOL	B	-0.12%
TRUP	B	-0.12%
ASIX	A	-0.11%
YOU	D	-0.11%
VIR	D	-0.11%
NHC	C	-0.11%
LZB	B	-0.11%
CFFN	B	-0.11%
EXTR	B	-0.11%
COHU	C	-0.1%
CTKB	C	-0.1%
AOSL	C	-0.1%
XNCR	B	-0.1%
TRST	A	-0.1%
HRMY	D	-0.1%
PRDO	B	-0.1%
PCRX	C	-0.1%
STBA	B	-0.1%
CHCO	B	-0.1%
PUMP	B	-0.09%
USPH	B	-0.09%
SCHL	D	-0.09%
MSEX	B	-0.09%
SBSI	B	-0.09%
EZPW	A	-0.09%
RGR	F	-0.09%
SCVL	F	-0.09%
AMSF	B	-0.09%
MATV	D	-0.09%
NBR	C	-0.09%
SABR	C	-0.09%
FWRD	D	-0.09%
UFCS	B	-0.08%
NVRI	F	-0.08%
BKE	B	-0.08%
MLAB	D	-0.08%
VICR	B	-0.08%
WABC	B	-0.08%
SPTN	D	-0.08%
CRK	B	-0.08%
WS	B	-0.07%
CERT	F	-0.07%
THRY	F	-0.07%
BGS	F	-0.07%
FIZZ	C	-0.07%
SDGR	C	-0.07%
HTZ	C	-0.07%
UTL	B	-0.07%
BLMN	F	-0.07%
MRTN	C	-0.07%
INVA	D	-0.07%
SWI	B	-0.06%
VTLE	C	-0.06%
NX	C	-0.06%
USNA	C	-0.06%
ARI	C	-0.06%
SVC	F	-0.06%
PLAB	C	-0.06%
WSR	A	-0.05%
BSIG	A	-0.05%
SNCY	C	-0.05%
INN	D	-0.05%
HAYN	C	-0.05%
TWI	F	-0.05%
CNSL	C	-0.05%
CENT	C	-0.05%
JBSS	D	-0.05%
SSTK	F	-0.05%
HSTM	B	-0.05%
CEVA	B	-0.05%
WOR	F	-0.05%
MCW	B	-0.05%
ETD	C	-0.05%
MATW	C	-0.04%
UHT	D	-0.04%
GDEN	B	-0.04%
CVI	F	-0.04%
RGNX	F	-0.04%
MGPI	F	-0.04%
CRSR	C	-0.04%
BLFS	C	-0.04%
TTGT	C	-0.04%
PRLB	A	-0.04%
SLP	D	-0.03%
TR	B	-0.03%
MYE	F	-0.03%
NPK	B	-0.03%
IIIN	C	-0.03%
IRWD	F	-0.03%
HTLD	B	-0.03%
BFS	C	-0.03%