ESML vs. SMDY ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to Syntax Stratified MidCap ETF (SMDY)

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

$41.41

Average Daily Volume

116,212

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SMDY
30 Days	0.28%	0.32%
60 Days	0.50%	0.23%
90 Days	8.35%	3.92%
12 Months	26.30%	21.05%

285 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SMDY	Overlap
AA	C	0.19%	0.15%	0.15%
AAON	B	0.21%	0.1%	0.1%
ACHC	F	0.19%	0.65%	0.19%
ADC	B	0.12%	0.08%	0.08%
AGCO	D	0.15%	0.26%	0.15%
AIT	A	0.11%	0.08%	0.08%
ALTR	C	0.14%	0.28%	0.14%
AM	A	0.16%	0.22%	0.16%
AMED	D	0.1%	0.23%	0.1%
AMG	C	0.18%	0.33%	0.18%
AN	B	0.08%	0.44%	0.08%
ANF	D	0.15%	0.17%	0.15%
APPF	C	0.12%	0.29%	0.12%
AR	C	0.21%	0.06%	0.06%
ARMK	B	0.24%	0.62%	0.24%
ARW	C	0.11%	0.08%	0.08%
ARWR	F	0.05%	0.31%	0.05%
ASB	F	0.15%	0.39%	0.15%
ASGN	D	0.15%	0.14%	0.14%
ASH	F	0.05%	0.08%	0.05%
ATR	A	0.23%	0.09%	0.09%
AVNT	B	0.07%	0.11%	0.07%
AVT	B	0.29%	0.07%	0.07%
AXTA	C	0.26%	0.1%	0.1%
AYI	A	0.29%	0.24%	0.24%
AZTA	F	0.08%	0.33%	0.08%
BC	C	0.08%	0.23%	0.08%
BDC	B	0.2%	0.14%	0.14%
BERY	C	0.18%	0.06%	0.06%
BJ	D	0.25%	0.26%	0.25%
BLD	C	0.3%	0.14%	0.14%
BLKB	C	0.13%	0.32%	0.13%
BRBR	B	0.09%	0.45%	0.09%
BRKR	D	0.17%	0.16%	0.16%
BRX	B	0.16%	0.08%	0.08%
BWXT	A	0.26%	0.08%	0.08%
BYD	C	0.06%	0.14%	0.06%
CACI	A	0.22%	0.19%	0.19%
CADE	D	0.13%	0.07%	0.07%
CAR	D	0.05%	0.34%	0.05%
CASY	D	0.5%	0.22%	0.22%
CBSH	D	0.2%	0.12%	0.12%
CBT	B	0.14%	0.1%	0.1%
CC	D	0.06%	0.07%	0.06%
CFR	D	0.08%	0.12%	0.08%
CGNX	F	0.11%	0.24%	0.11%
CHDN	D	0.13%	0.12%	0.12%
CHE	B	0.15%	0.21%	0.15%
CHH	C	0.05%	0.11%	0.05%
CHX	F	0.17%	0.17%	0.17%
CIEN	B	0.18%	1.42%	0.18%
CIVI	F	0.06%	0.06%	0.06%
CLF	D	0.07%	0.13%	0.07%
CLH	C	0.06%	0.19%	0.06%
CMC	C	0.21%	0.17%	0.17%
CNM	F	0.25%	0.06%	0.06%
CNO	C	0.18%	0.41%	0.18%
CNX	A	0.23%	0.09%	0.09%
CNXC	F	0.04%	0.2%	0.04%
COHR	B	0.27%	0.15%	0.15%
COKE	B	0.06%	0.53%	0.06%
COLB	C	0.12%	0.08%	0.08%
COLM	B	0.07%	0.27%	0.07%
CPRI	C	0.07%	0.33%	0.07%
CR	C	0.19%	0.07%	0.07%
CRI	D	0.05%	0.29%	0.05%
CROX	C	0.23%	0.25%	0.23%
CRUS	D	0.18%	0.44%	0.18%
CUBE	C	0.23%	0.22%	0.22%
CUZ	C	0.22%	0.12%	0.12%
CVLT	C	0.21%	0.38%	0.21%
CW	A	0.22%	0.08%	0.08%
CYTK	F	0.13%	0.39%	0.13%
DAR	F	0.18%	0.28%	0.18%
DBX	C	0.15%	0.34%	0.15%
DCI	B	0.25%	0.1%	0.1%
DLB	D	0.17%	0.52%	0.17%
DOCS	B	0.07%	1.52%	0.07%
DTM	A	0.23%	0.24%	0.23%
DUOL	B	0.16%	0.36%	0.16%
EGP	D	0.23%	0.08%	0.08%
EHC	B	0.29%	0.25%	0.25%
ELF	F	0.13%	0.16%	0.13%
ENOV	F	0.08%	0.35%	0.08%
EPR	C	0.06%	0.07%	0.06%
ESNT	C	0.08%	0.32%	0.08%
EVR	C	0.1%	0.17%	0.1%
EWBC	D	0.33%	0.07%	0.07%
EXLS	B	0.2%	0.23%	0.2%
EXP	C	0.06%	0.16%	0.06%
EXPO	B	0.07%	0.17%	0.07%
FAF	B	0.17%	0.33%	0.17%
FCN	B	0.23%	0.16%	0.16%
FFIN	D	0.06%	0.08%	0.06%
FHN	D	0.19%	0.11%	0.11%
FIVE	D	0.12%	0.23%	0.12%
FIX	B	0.36%	0.17%	0.17%
FLO	C	0.05%	0.28%	0.05%
FLR	D	0.1%	0.17%	0.1%
FLS	B	0.15%	0.1%	0.1%
FND	B	0.24%	0.15%	0.15%
FR	C	0.1%	0.09%	0.09%
FYBR	C	0.14%	1.55%	0.14%
GAP	F	0.12%	0.23%	0.12%
GATX	D	0.16%	0.14%	0.14%
GBCI	D	0.25%	0.07%	0.07%
GEF	C	0.05%	0.05%	0.05%
GEF	C	0.05%	0.05%	0.05%
GME	D	0.18%	0.22%	0.18%
GMED	D	0.1%	0.39%	0.1%
GPK	B	0.29%	0.05%	0.05%
GT	F	0.06%	0.07%	0.06%
GTLS	F	0.11%	0.08%	0.08%
GXO	D	0.15%	0.18%	0.15%
HAE	D	0.11%	0.33%	0.11%
HALO	D	0.12%	0.45%	0.12%
HELE	D	0.06%	0.09%	0.06%
HGV	F	0.06%	0.09%	0.06%
HOG	C	0.24%	0.24%	0.24%
HQY	B	0.14%	0.26%	0.14%
HRB	C	0.21%	0.34%	0.21%
HWC	D	0.08%	0.12%	0.08%
HXL	F	0.15%	0.09%	0.09%
IBKR	A	0.26%	0.42%	0.26%
IBOC	D	0.06%	0.06%	0.06%
INGR	A	0.41%	0.33%	0.33%
IRDM	C	0.13%	1.23%	0.13%
ITT	B	0.3%	0.08%	0.08%
JAZZ	F	0.15%	0.38%	0.15%
JEF	B	0.09%	0.22%	0.09%
JHG	C	0.45%	0.32%	0.32%
JLL	B	0.38%	0.17%	0.17%
JWN	D	0.06%	0.3%	0.06%
KBH	C	0.23%	0.46%	0.23%
KBR	D	0.4%	0.14%	0.14%
KD	F	0.09%	0.17%	0.09%
KMPR	D	0.05%	0.34%	0.05%
KNF	C	0.13%	0.16%	0.13%
KNSL	D	0.2%	0.16%	0.16%
KRC	C	0.11%	0.11%	0.11%
LAD	B	0.19%	0.51%	0.19%
LEA	F	0.13%	0.1%	0.1%
LECO	F	0.19%	0.29%	0.19%
LFUS	C	0.15%	0.21%	0.15%
LITE	C	0.08%	1.41%	0.08%
LIVN	D	0.05%	0.36%	0.05%
LNTH	C	0.14%	0.2%	0.14%
LNW	F	0.2%	0.54%	0.2%
LOPE	D	0.05%	0.29%	0.05%
LPX	A	0.17%	0.14%	0.14%
LSCC	D	0.17%	0.38%	0.17%
LSTR	D	0.22%	0.18%	0.18%
M	F	0.13%	0.23%	0.13%
MAN	D	0.08%	0.14%	0.08%
MASI	C	0.05%	0.14%	0.05%
MAT	C	0.13%	0.17%	0.13%
MDU	C	0.3%	0.14%	0.14%
MEDP	F	0.15%	0.31%	0.15%
MKSI	F	0.15%	0.36%	0.15%
MMS	A	0.05%	0.29%	0.05%
MORN	C	0.18%	0.31%	0.18%
MSA	D	0.19%	0.27%	0.19%
MTG	B	0.25%	0.34%	0.25%
MTN	D	0.22%	0.09%	0.09%
MTSI	C	0.08%	0.45%	0.08%
MTZ	C	0.16%	0.16%	0.16%
MUR	F	0.14%	0.06%	0.06%
MUSA	D	0.34%	0.21%	0.21%
NEOG	D	0.05%	0.14%	0.05%
NFG	A	0.21%	0.23%	0.21%
NJR	C	0.22%	0.23%	0.22%
NOV	F	0.16%	0.16%	0.16%
NOVT	D	0.21%	0.14%	0.14%
NVST	D	0.06%	0.39%	0.06%
NVT	D	0.2%	0.18%	0.18%
NXST	D	0.09%	0.31%	0.09%
NYT	B	0.19%	0.3%	0.19%
OGS	A	0.33%	0.25%	0.25%
OHI	C	0.2%	0.69%	0.2%
OLED	C	0.1%	0.13%	0.1%
OLLI	C	0.13%	0.24%	0.13%
ONB	D	0.17%	0.07%	0.07%
ONTO	C	0.3%	0.4%	0.3%
OPCH	D	0.13%	0.25%	0.13%
ORA	B	0.11%	0.24%	0.11%
ORI	A	0.13%	0.19%	0.13%
OSK	F	0.28%	0.26%	0.26%
OZK	F	0.12%	0.07%	0.07%
PBF	F	0.06%	0.15%	0.06%
PCH	C	0.19%	0.14%	0.14%
PCTY	C	0.17%	0.35%	0.17%
PEN	D	0.15%	0.19%	0.15%
PGNY	F	0.05%	0.14%	0.05%
PK	D	0.06%	0.1%	0.06%
PLNT	C	0.18%	0.24%	0.18%
PNFP	D	0.25%	0.07%	0.07%
POST	B	0.1%	0.47%	0.1%
POWI	F	0.06%	0.37%	0.06%
PR	F	0.17%	0.07%	0.07%
PRGO	F	0.07%	0.39%	0.07%
PRI	A	0.22%	0.38%	0.22%
PVH	F	0.16%	0.24%	0.16%
R	C	0.27%	0.17%	0.17%
RCM	B	0.06%	0.16%	0.06%
REXR	D	0.39%	0.08%	0.08%
RGA	C	0.3%	0.3%	0.3%
RGEN	F	0.17%	0.42%	0.17%
RGLD	C	0.32%	0.18%	0.18%
RH	C	0.07%	0.23%	0.07%
RLI	A	0.19%	0.16%	0.16%
RMBS	F	0.12%	0.3%	0.12%
RNR	A	0.26%	0.34%	0.26%
RRC	D	0.24%	0.06%	0.06%
RRX	C	0.16%	0.09%	0.09%
RYAN	A	0.13%	0.21%	0.13%
RYN	C	0.05%	0.13%	0.05%
SAIA	D	0.24%	0.18%	0.18%
SBRA	C	0.08%	0.73%	0.08%
SCI	C	0.26%	0.23%	0.23%
SF	A	0.15%	0.43%	0.15%
SFM	A	0.35%	0.4%	0.35%
SHC	C	0.05%	0.24%	0.05%
SIGI	D	0.28%	0.15%	0.15%
SLAB	D	0.1%	0.42%	0.1%
SLM	C	0.16%	0.26%	0.16%
SNV	D	0.25%	0.07%	0.07%
SNX	C	0.08%	0.07%	0.07%
SON	D	0.13%	0.05%	0.05%
SR	A	0.15%	0.23%	0.15%
SRPT	F	0.21%	0.4%	0.21%
SSB	C	0.25%	0.08%	0.08%
SSD	C	0.11%	0.09%	0.09%
ST	F	0.09%	0.26%	0.09%
STWD	C	0.11%	0.06%	0.06%
SWN	C	0.24%	0.07%	0.07%
SWX	C	0.13%	0.21%	0.13%
TDC	D	0.1%	0.26%	0.1%
TEX	F	0.08%	0.28%	0.08%
TGNA	B	0.18%	0.32%	0.18%
THC	C	0.25%	0.66%	0.25%
THG	A	0.17%	0.2%	0.17%
THO	C	0.13%	0.24%	0.13%
TKO	C	0.18%	0.31%	0.18%
TMHC	B	0.17%	0.46%	0.17%
TNL	B	0.14%	0.1%	0.1%
TOL	A	0.27%	0.47%	0.27%
TPX	B	0.15%	0.17%	0.15%
TREX	D	0.07%	0.12%	0.07%
TTEK	B	0.19%	0.16%	0.16%
TXRH	B	0.1%	0.58%	0.1%
UAA	B	0.05%	0.17%	0.05%
UBSI	D	0.16%	0.07%	0.07%
UGI	C	0.27%	0.23%	0.23%
UMBF	C	0.24%	0.14%	0.14%
UNM	A	0.21%	0.37%	0.21%
USFD	C	0.49%	0.33%	0.33%
VAC	D	0.07%	0.08%	0.07%
VC	F	0.1%	0.19%	0.1%
VLY	C	0.13%	0.08%	0.08%
VMI	B	0.12%	0.09%	0.09%
VNO	B	0.08%	0.14%	0.08%
VNT	F	0.14%	0.24%	0.14%
VOYA	A	0.17%	0.3%	0.17%
VVV	D	0.18%	0.09%	0.09%
WBS	D	0.22%	0.43%	0.22%
WCC	C	0.21%	0.06%	0.06%
WEN	C	0.09%	0.58%	0.09%
WEX	C	0.3%	0.35%	0.3%
WFRD	F	0.16%	0.13%	0.13%
WH	C	0.13%	0.1%	0.1%
WHR	C	0.2%	0.17%	0.17%
WING	B	0.25%	0.58%	0.25%
WMS	D	0.27%	0.08%	0.08%
WOLF	F	0.03%	0.04%	0.03%
WTFC	C	0.06%	0.12%	0.06%
WTS	B	0.21%	0.1%	0.1%
WU	D	0.08%	0.27%	0.08%
WWD	B	0.2%	0.08%	0.08%
X	F	0.14%	0.16%	0.14%
XPO	F	0.26%	0.18%	0.18%
XRAY	D	0.07%	0.18%	0.07%
YETI	D	0.13%	0.15%	0.13%
ZD	D	0.07%	0.98%	0.07%
ZI	D	0.09%	0.24%	0.09%
ZION	D	0.17%	0.07%	0.07%

ESML Overweight 619 Positions Relative to SMDY

Symbol	Grade	Weight
GWRE	A	0.41%
CVNA	A	0.36%
NTNX	D	0.33%
FTI	B	0.33%
FRT	B	0.32%
BMI	A	0.31%
FLEX	B	0.31%
BFAM	C	0.28%
PCVX	B	0.27%
NTRA	B	0.26%
TPR	B	0.25%
IVZ	C	0.25%
PRGS	B	0.24%
FELE	B	0.23%
MWA	B	0.23%
INSM	D	0.23%
MOG.A	B	0.23%
SUM	D	0.23%
CDP	A	0.22%
HAS	A	0.22%
ALSN	A	0.22%
ALK	B	0.21%
AWI	A	0.21%
WAL	C	0.21%
ENSG	D	0.21%
FTDR	C	0.2%
RHP	C	0.2%
FBP	D	0.2%
EPRT	C	0.2%
FTAI	B	0.2%
RHI	D	0.2%
AVA	B	0.2%
WSC	D	0.2%
NCLH	C	0.2%
HHH	B	0.2%
CMA	C	0.19%
AFRM	C	0.19%
GPI	C	0.19%
GNRC	B	0.19%
MTH	B	0.19%
BWA	C	0.19%
ZWS	A	0.19%
ATI	B	0.18%
MOD	C	0.18%
SPSC	D	0.18%
SITE	D	0.18%
BHLB	D	0.18%
SPXC	C	0.18%
ITRI	C	0.18%
OMF	D	0.18%
FMC	B	0.18%
FRPT	C	0.18%
WK	D	0.18%
ENLC	A	0.18%
NSIT	C	0.18%
VFC	B	0.18%
SNDR	C	0.18%
REZI	F	0.18%
HRI	B	0.18%
AXS	A	0.18%
FN	C	0.17%
ELAN	D	0.17%
BCC	B	0.17%
GKOS	C	0.17%
ESTC	F	0.16%
CZR	C	0.16%
LAZ	C	0.16%
LUMN	C	0.16%
FSS	B	0.16%
PLXS	B	0.16%
BHE	C	0.16%
AEIS	D	0.16%
HIW	C	0.15%
BANR	C	0.15%
KTB	B	0.15%
MMSI	C	0.15%
KNTK	C	0.15%
PDCO	F	0.15%
TPH	B	0.15%
ACIW	A	0.15%
HNI	B	0.15%
PCOR	D	0.15%
AZEK	B	0.14%
ITCI	D	0.14%
BCPC	C	0.14%
NPO	C	0.14%
JXN	B	0.14%
GTLB	D	0.14%
ESI	B	0.14%
FIBK	D	0.14%
CRS	B	0.14%
SMAR	A	0.14%
AVAV	B	0.13%
SOFI	C	0.13%
ADT	D	0.13%
IBCP	D	0.13%
SHOO	A	0.13%
GL	C	0.13%
ITGR	C	0.13%
BOX	C	0.13%
VECO	F	0.13%
HESM	D	0.13%
AGNC	C	0.13%
CPF	C	0.13%
DFIN	D	0.13%
VKTX	D	0.13%
CPK	B	0.13%
ACA	C	0.13%
KLIC	D	0.13%
FA	A	0.12%
ECPG	F	0.12%
ABG	D	0.12%
EPAC	C	0.12%
SITC	F	0.12%
IBP	C	0.12%
WGO	D	0.12%
CABO	F	0.12%
TRNO	D	0.12%
WERN	D	0.12%
MTX	D	0.12%
PFSI	C	0.12%
RDUS	D	0.12%
CAVA	C	0.12%
HASI	C	0.12%
WTM	D	0.12%
BECN	F	0.12%
PINC	F	0.12%
WDFC	C	0.11%
XENE	F	0.11%
SCL	D	0.11%
CFLT	F	0.11%
PRIM	C	0.11%
U	D	0.11%
STRL	C	0.11%
MRCY	C	0.11%
WHD	B	0.11%
DNLI	C	0.11%
EAT	A	0.11%
SIG	C	0.11%
DY	C	0.11%
PATH	D	0.11%
FUL	F	0.11%
MYRG	F	0.11%
BHVN	C	0.11%
S	D	0.11%
KOS	F	0.11%
OGN	D	0.11%
FULT	D	0.11%
PSN	A	0.11%
LRN	C	0.11%
LCII	B	0.11%
ETSY	F	0.11%
IDCC	A	0.11%
CRDO	C	0.1%
BWIN	C	0.1%
SLG	C	0.1%
CSGS	C	0.1%
ALKS	C	0.1%
QTWO	C	0.1%
NMIH	C	0.1%
NXT	F	0.1%
TENB	F	0.1%
RXO	D	0.1%
BRC	C	0.1%
CRNX	D	0.1%
AEO	C	0.1%
AUB	D	0.1%
AL	D	0.1%
INSP	C	0.1%
LBRDA	C	0.1%
SJW	D	0.1%
ABCB	C	0.1%
EFSC	D	0.1%
KAR	D	0.1%
HCP	B	0.1%
CCOI	B	0.1%
DXC	D	0.1%
LYFT	D	0.09%
MGRC	D	0.09%
ICFI	C	0.09%
PJT	C	0.09%
ESE	B	0.09%
UNIT	C	0.09%
LNN	B	0.09%
BXMT	C	0.09%
AUR	C	0.09%
KFY	C	0.09%
STC	C	0.09%
RDN	D	0.09%
CRVL	C	0.09%
CAC	C	0.09%
AROC	C	0.09%
RUN	D	0.09%
RL	B	0.09%
LNC	D	0.09%
HR	C	0.09%
APAM	C	0.09%
ATKR	F	0.09%
PEGA	C	0.09%
DV	F	0.09%
TMDX	D	0.09%
LCID	D	0.09%
ERII	C	0.09%
BILL	D	0.09%
CRC	B	0.09%
PI	B	0.09%
RDNT	C	0.09%
AMAL	D	0.09%
TRN	C	0.09%
CVBF	D	0.09%
XHR	C	0.08%
BPMC	F	0.08%
TBBK	C	0.08%
IOSP	F	0.08%
ROG	D	0.08%
RNA	A	0.08%
PLUS	C	0.08%
AZZ	C	0.08%
OUT	C	0.08%
NWN	B	0.08%
ALG	D	0.08%
CHWY	C	0.08%
EVRI	B	0.08%
CWEN	A	0.08%
CLVT	D	0.08%
AMN	F	0.08%
RNST	D	0.08%
CNK	C	0.08%
SHAK	C	0.08%
RVMD	B	0.08%
SXT	C	0.08%
KOP	F	0.08%
MAC	B	0.08%
BOOT	B	0.08%
RARE	C	0.08%
SPB	B	0.08%
CRSP	F	0.08%
IMAX	D	0.08%
PRCT	C	0.08%
ICUI	B	0.08%
PLMR	D	0.08%
MARA	F	0.08%
W	D	0.08%
MHK	B	0.08%
TNET	F	0.08%
ABM	D	0.08%
NWL	D	0.08%
BPOP	D	0.08%
ENR	B	0.07%
UPBD	F	0.07%
LXP	D	0.07%
ENV	C	0.07%
ACVA	C	0.07%
VITL	C	0.07%
ANDE	D	0.07%
TDS	B	0.07%
PNTG	C	0.07%
LEG	D	0.07%
JBGS	C	0.07%
VCTR	C	0.07%
HLIT	C	0.07%
VVX	B	0.07%
SEM	D	0.07%
AAT	C	0.07%
PHAT	C	0.07%
PECO	C	0.07%
XPRO	F	0.07%
CTS	D	0.07%
SASR	C	0.07%
FL	F	0.07%
VRRM	D	0.07%
PEB	D	0.07%
HBI	B	0.07%
PLYA	D	0.07%
SATS	C	0.07%
PRVA	F	0.07%
INTA	C	0.07%
INDB	D	0.07%
PDM	C	0.07%
BL	D	0.07%
CWK	C	0.07%
BOH	F	0.07%
WD	C	0.07%
VRDN	B	0.07%
NTGR	C	0.07%
POWL	A	0.07%
MPW	C	0.07%
KREF	C	0.07%
JBT	B	0.07%
VRNS	C	0.07%
ACLX	C	0.07%
DRS	A	0.07%
CCCS	D	0.07%
PIPR	C	0.07%
SEE	B	0.07%
GVA	B	0.07%
KTOS	A	0.07%
AMWD	C	0.07%
HWKN	A	0.07%
DEA	D	0.07%
ESRT	C	0.07%
CALX	C	0.07%
CCS	C	0.07%
COLD	D	0.07%
PRKS	D	0.07%
MTRN	F	0.06%
HURN	C	0.06%
HZO	C	0.06%
TALO	F	0.06%
FROG	F	0.06%
GH	F	0.06%
PRG	C	0.06%
DCO	B	0.06%
NARI	F	0.06%
HI	F	0.06%
LBRDK	C	0.06%
PPBI	D	0.06%
CMCO	D	0.06%
KSS	D	0.06%
TDOC	D	0.06%
APGE	C	0.06%
THS	C	0.06%
PDFS	F	0.06%
CBU	D	0.06%
AAP	F	0.06%
MOV	F	0.06%
BKU	D	0.06%
PTGX	C	0.06%
MNKD	C	0.06%
CLB	D	0.06%
MEI	D	0.06%
VSEC	D	0.06%
CART	C	0.06%
HL	C	0.06%
TWST	D	0.06%
AIR	D	0.06%
WRBY	C	0.06%
FOUR	B	0.06%
OSCR	C	0.06%
FUN	F	0.06%
KROS	C	0.06%
ROCK	D	0.06%
PAR	D	0.06%
KYMR	C	0.06%
MYGN	D	0.06%
SPR	D	0.06%
APG	F	0.06%
WKC	B	0.06%
CWEN	A	0.06%
TILE	B	0.06%
OII	D	0.06%
MHO	A	0.06%
UFPT	D	0.06%
MXL	F	0.06%
AVPT	C	0.06%
IESC	B	0.06%
ADUS	C	0.06%
KE	F	0.06%
SQSP	A	0.06%
ALTM	D	0.06%
GERN	D	0.06%
PAHC	C	0.06%
SG	C	0.06%
ATRC	D	0.06%
TARS	C	0.06%
UEC	C	0.06%
CDE	C	0.06%
VRNT	F	0.06%
UNFI	B	0.06%
ADMA	B	0.06%
HIMS	C	0.06%
BANC	C	0.06%
ROIV	D	0.06%
BDN	A	0.06%
CMP	D	0.06%
COMP	C	0.06%
CLNE	C	0.06%
TROX	D	0.06%
RKLB	B	0.06%
MRUS	D	0.06%
GTES	C	0.06%
TNC	F	0.06%
SMTC	C	0.06%
SKT	A	0.06%
EYE	F	0.06%
SONO	D	0.06%
EWTX	B	0.06%
ALHC	C	0.06%
NEP	D	0.06%
NUVL	B	0.06%
HAIN	C	0.06%
MIR	B	0.06%
LEVI	B	0.06%
TNDM	D	0.06%
RKT	B	0.06%
MODG	F	0.06%
IDYA	F	0.06%
FLGT	F	0.05%
MQ	F	0.05%
TGTX	C	0.05%
CUBI	F	0.05%
SVRA	D	0.05%
TGI	F	0.05%
FORM	F	0.05%
BBIO	F	0.05%
SLNO	C	0.05%
SNDX	F	0.05%
HPP	F	0.05%
CPRX	C	0.05%
GPRE	F	0.05%
IRON	C	0.05%
PENN	D	0.05%
PLUG	F	0.05%
KRYS	D	0.05%
AHH	F	0.05%
KURA	D	0.05%
REVG	D	0.05%
ARVN	F	0.05%
AXL	F	0.05%
JAMF	F	0.05%
ASTE	F	0.05%
COUR	F	0.05%
LGF.A	F	0.05%
PBI	C	0.05%
SIBN	F	0.05%
CWT	D	0.05%
CGEM	F	0.05%
BKD	D	0.05%
FFBC	D	0.05%
ARLO	F	0.05%
MGNI	D	0.05%
RAMP	F	0.05%
RBBN	D	0.05%
ZUO	F	0.05%
INVX	F	0.05%
RNG	F	0.05%
QS	F	0.05%
AI	F	0.05%
NBHC	D	0.05%
DLX	F	0.05%
ALKT	D	0.05%
TXG	F	0.05%
RUSHA	C	0.05%
PRO	F	0.05%
DNOW	F	0.05%
AMBC	F	0.05%
KLG	D	0.05%
RXRX	F	0.05%
ZEUS	F	0.05%
HLX	D	0.05%
CCRN	F	0.05%
OMI	F	0.05%
PAYO	A	0.05%
BEAM	F	0.05%
AVDX	F	0.05%
CBZ	F	0.05%
EPC	F	0.05%
ACEL	C	0.05%
XPEL	D	0.05%
VYX	D	0.05%
ARCB	D	0.05%
BGC	B	0.05%
FOXF	F	0.05%
MRC	D	0.05%
FLYW	F	0.05%
SGH	F	0.05%
PRTA	F	0.05%
ARCT	D	0.05%
NEO	F	0.05%
XRX	F	0.05%
FTRE	F	0.05%
ETWO	D	0.05%
OMCL	C	0.05%
AWR	B	0.05%
WNC	F	0.05%
VERX	B	0.05%
MLTX	C	0.05%
PLAY	D	0.05%
JANX	D	0.05%
CWAN	C	0.05%
CSTL	C	0.05%
ICHR	F	0.05%
PETQ	A	0.05%
SMPL	D	0.05%
HOUS	C	0.05%
VSCO	C	0.05%
VRTS	F	0.05%
MTTR	C	0.05%
EDR	A	0.05%
INFA	D	0.05%
ATGE	C	0.05%
PYCR	D	0.05%
PSMT	B	0.05%
HAYW	B	0.05%
BROS	D	0.05%
GO	F	0.05%
WT	D	0.05%
KELYA	D	0.05%
ATEN	C	0.05%
MNRO	C	0.05%
QDEL	D	0.05%
EMBC	D	0.05%
DYN	D	0.05%
SFBS	D	0.05%
HAFC	D	0.05%
NRIX	D	0.05%
SAVA	D	0.05%
IVR	C	0.05%
VVI	C	0.05%
HCC	D	0.05%
AGIO	D	0.05%
PGRE	D	0.05%
MLNK	F	0.05%
CRAI	B	0.05%
NABL	F	0.05%
CLDX	F	0.05%
ELVN	B	0.05%
CAKE	B	0.05%
GBX	C	0.05%
ARQT	D	0.05%
AGYS	D	0.05%
OWL	B	0.05%
PTCT	C	0.05%
CNMD	D	0.05%
NOVA	D	0.05%
SMP	D	0.05%
GRBK	B	0.05%
RXST	F	0.05%
SKY	A	0.05%
BNL	B	0.05%
COGT	C	0.05%
YELP	F	0.05%
THRM	F	0.05%
IONS	F	0.05%
VREX	F	0.05%
AORT	D	0.05%
SLVM	C	0.05%
COOP	C	0.05%
PRAA	F	0.05%
EE	A	0.05%
AGO	D	0.05%
MMI	C	0.05%
PD	F	0.05%
NYCB	D	0.05%
NBTB	D	0.05%
KVYO	B	0.05%
RUSHB	C	0.05%
EWCZ	F	0.05%
SBH	B	0.05%
CALM	A	0.05%
ARKO	C	0.05%
PLOW	C	0.05%
DOCN	C	0.05%
SM	F	0.05%
INFN	C	0.05%
MBUU	D	0.05%
AXSM	C	0.05%
FIVN	F	0.05%
VERA	C	0.05%
CECO	D	0.05%
VNOM	B	0.05%
VBTX	C	0.05%
ZYME	C	0.05%
VSTS	D	0.05%
NTLA	F	0.05%
JELD	D	0.05%
UPST	C	0.05%
CRMT	F	0.04%
APLS	F	0.04%
BRY	F	0.04%
FNA	F	0.04%
AGL	F	0.04%
PLRX	F	0.04%
SEDG	F	0.04%
MDGL	F	0.04%
BASE	F	0.04%
MEG	F	0.04%
ETNB	F	0.04%
CXM	F	0.04%
RCUS	F	0.04%
BRZE	F	0.04%
PTEN	F	0.04%
NUVB	F	0.04%
IART	F	0.04%
SPT	F	0.04%
SWTX	F	0.04%
CLSK	F	0.04%
ASAN	F	0.04%
EGY	D	0.04%
CAL	F	0.04%
GOGO	F	0.04%
ASPN	C	0.04%
NVCR	F	0.04%
MTUS	F	0.04%
CLW	F	0.04%
IMVT	F	0.04%
ANAB	D	0.04%
NCNO	D	0.04%
BE	F	0.04%
LBPH	D	0.04%
RCKT	F	0.04%
LESL	F	0.04%
AMC	F	0.04%
FRSH	F	0.04%
DGII	D	0.04%
MLKN	F	0.04%
ALRM	F	0.04%
ALEC	F	0.04%
TMCI	F	0.04%
PFS	D	0.04%
CDNA	C	0.04%
DK	F	0.04%
NVAX	D	0.04%
STAA	D	0.04%
ESTA	F	0.04%
VSAT	F	0.03%
MC	C	0.02%
DEI	A	0.02%
GDOT	C	0.01%

ESML Underweight 107 Positions Relative to SMDY

Symbol	Grade	Weight
SMG	B	-2.01%
COTY	F	-1.55%
DT	C	-0.84%
QLYS	F	-0.67%
UTHR	B	-0.5%
ERIE	A	-0.5%
AMKR	F	-0.48%
EXEL	C	-0.48%
PAG	D	-0.47%
ILMN	C	-0.45%
PSTG	F	-0.41%
MANH	C	-0.37%
ALGM	F	-0.36%
FNF	A	-0.35%
SYNA	F	-0.35%
GHC	B	-0.35%
PPC	A	-0.34%
NBIX	F	-0.34%
BURL	D	-0.33%
MIDD	D	-0.33%
BHF	F	-0.33%
BMRN	F	-0.33%
EQH	C	-0.33%
PFGC	B	-0.32%
ESAB	C	-0.32%
FHI	C	-0.32%
CG	C	-0.3%
SEIC	B	-0.29%
SAM	D	-0.28%
NWE	A	-0.27%
PNM	B	-0.27%
IDA	B	-0.27%
WMG	D	-0.27%
OGE	A	-0.27%
DKS	D	-0.27%
POR	B	-0.26%
EEFT	F	-0.26%
TTC	D	-0.25%
SKX	C	-0.25%
LANC	F	-0.25%
NSP	F	-0.25%
ALE	A	-0.24%
BKH	B	-0.24%
KEX	C	-0.23%
SAIC	B	-0.23%
IPGP	D	-0.23%
G	A	-0.23%
ALLY	F	-0.22%
NSA	C	-0.22%
CELH	F	-0.22%
PII	D	-0.22%
WSM	C	-0.21%
WTRG	D	-0.21%
ELS	D	-0.21%
IRT	C	-0.21%
ENS	C	-0.2%
AMH	D	-0.2%
MP	C	-0.19%
GNTX	F	-0.19%
KNX	C	-0.19%
BCO	A	-0.19%
DINO	F	-0.18%
LII	C	-0.18%
SRCL	B	-0.18%
AVTR	D	-0.18%
AFG	B	-0.17%
RS	D	-0.17%
RBA	D	-0.17%
HLI	B	-0.17%
ACM	B	-0.16%
UA	B	-0.16%
EME	C	-0.15%
GLPI	B	-0.14%
TCBI	C	-0.13%
VAL	F	-0.13%
RPM	C	-0.11%
VSH	F	-0.1%
GGG	B	-0.1%
RBC	B	-0.1%
CSL	A	-0.09%
WLK	B	-0.09%
ADNT	D	-0.09%
H	C	-0.09%
OC	B	-0.08%
NEU	F	-0.08%
STAG	D	-0.08%
MSM	D	-0.08%
ALV	F	-0.08%
TKR	B	-0.08%
TPL	B	-0.08%
OLN	D	-0.08%
WPC	C	-0.08%
CACC	F	-0.07%
HOMB	D	-0.07%
UFPI	B	-0.07%
NNN	A	-0.07%
KRG	C	-0.07%
LAMR	C	-0.07%
PB	D	-0.07%
CHRD	F	-0.06%
CCK	A	-0.06%
SLGN	A	-0.06%
OVV	F	-0.06%
FNB	D	-0.06%
CHK	C	-0.06%
MTDR	F	-0.06%
WSO	B	-0.04%