ESML vs. SSLY ETF Comparison

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

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

$44.73

Average Daily Volume

101,062

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

SSLY

Syntax Stratified SmallCap ETF

SSLY 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 in the Syntax Stratified SmallCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 80% of its total assets in the securities comprising the index. The index is the Stratified WeightTM version of the widely used S&P SmallCap 600® Index and holds the same constituents as the S&P SmallCap 600® Index.

Grade (RS Rating)

Last Trade

$45.95

Average Daily Volume

2,767

Number of Holdings ^*

587

* may have additional holdings in another (foreign) market

Performance

Period	ESML	SSLY
30 Days	7.68%	-1.07%
60 Days	14.02%	-2.25%
90 Days	16.51%	6.39%
12 Months	41.29%	14.33%

312 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in SSLY	Overlap
AAP	F	0.05%	0.07%	0.05%
AAT	B	0.07%	0.08%	0.07%
ABCB	B	0.1%	0.02%	0.02%
ABG	B	0.12%	0.1%	0.1%
ABM	B	0.09%	0.11%	0.09%
ACA	B	0.14%	0.15%	0.14%
ACIW	B	0.15%	0.17%	0.15%
ADUS	D	0.06%	0.12%	0.06%
AEIS	B	0.17%	0.13%	0.13%
AEO	F	0.09%	0.11%	0.09%
AGO	B	0.05%	0.28%	0.05%
AGYS	C	0.05%	0.14%	0.05%
AHH	D	0.05%	0.07%	0.05%
AIR	C	0.05%	0.09%	0.05%
AL	B	0.1%	0.09%	0.09%
ALG	C	0.08%	0.1%	0.08%
ALK	B	0.22%	0.22%	0.22%
ALKS	C	0.1%	0.2%	0.1%
ALRM	C	0.04%	0.64%	0.04%
AMBC	C	0.05%	0.1%	0.05%
AMN	F	0.07%	0.04%	0.04%
AMWD	B	0.07%	0.09%	0.07%
ANDE	D	0.06%	0.19%	0.06%
AORT	B	0.06%	0.11%	0.06%
APAM	B	0.1%	0.34%	0.1%
ARCB	C	0.05%	0.07%	0.05%
ARLO	D	0.04%	0.1%	0.04%
AROC	B	0.09%	0.08%	0.08%
ASTE	C	0.05%	0.1%	0.05%
ATEN	B	0.05%	0.73%	0.05%
ATGE	B	0.05%	0.17%	0.05%
ATI	D	0.14%	0.08%	0.08%
AUB	B	0.1%	0.02%	0.02%
AVA	D	0.19%	0.28%	0.19%
AVAV	B	0.14%	0.2%	0.14%
AWI	A	0.23%	0.09%	0.09%
AWR	B	0.05%	0.29%	0.05%
AXL	D	0.04%	0.16%	0.04%
AZZ	B	0.07%	0.07%	0.07%
BANC	B	0.06%	0.02%	0.02%
BANR	B	0.16%	0.02%	0.02%
BCC	B	0.16%	0.1%	0.1%
BCPC	B	0.14%	0.05%	0.05%
BDN	C	0.07%	0.08%	0.07%
BGC	A	0.05%	0.19%	0.05%
BHE	B	0.16%	0.27%	0.16%
BHLB	B	0.19%	0.02%	0.02%
BKU	B	0.05%	0.02%	0.02%
BL	C	0.07%	0.13%	0.07%
BMI	C	0.29%	0.12%	0.12%
BOH	B	0.08%	0.1%	0.08%
BOOT	D	0.06%	0.18%	0.06%
BOX	B	0.13%	0.15%	0.13%
BRC	B	0.09%	0.13%	0.09%
BXMT	B	0.08%	0.02%	0.02%
CABO	C	0.13%	0.22%	0.13%
CAKE	B	0.06%	0.12%	0.06%
CAL	F	0.04%	0.13%	0.04%
CALM	B	0.06%	0.23%	0.06%
CALX	F	0.07%	0.6%	0.07%
CBU	B	0.06%	0.18%	0.06%
CCOI	B	0.11%	0.31%	0.11%
CCRN	F	0.04%	0.05%	0.04%
CCS	D	0.07%	0.19%	0.07%
CLB	C	0.06%	0.07%	0.06%
CLW	F	0.04%	0.13%	0.04%
CMA	B	0.19%	0.17%	0.17%
CMP	D	0.06%	0.06%	0.06%
CNK	B	0.08%	0.81%	0.08%
CNMD	C	0.05%	0.11%	0.05%
COOP	A	0.05%	0.2%	0.05%
CPF	B	0.13%	0.13%	0.13%
CPK	B	0.13%	0.29%	0.13%
CPRX	B	0.05%	0.33%	0.05%
CRC	B	0.1%	0.17%	0.1%
CRS	B	0.15%	0.1%	0.1%
CRVL	B	0.09%	0.15%	0.09%
CSGS	B	0.1%	0.18%	0.1%
CTS	B	0.07%	0.26%	0.07%
CUBI	C	0.05%	0.14%	0.05%
CVBF	B	0.1%	0.02%	0.02%
CWEN	D	0.06%	0.14%	0.06%
CWEN	D	0.06%	0.14%	0.06%
CWEN	D	0.07%	0.14%	0.07%
CWEN	D	0.07%	0.14%	0.07%
CWK	B	0.08%	0.2%	0.08%
CWT	D	0.05%	0.28%	0.05%
CXM	D	0.04%	0.1%	0.04%
DEA	D	0.07%	0.08%	0.07%
DEI	B	0.02%	0.09%	0.02%
DFIN	F	0.11%	0.36%	0.11%
DGII	B	0.05%	0.44%	0.05%
DLX	B	0.05%	0.24%	0.05%
DNOW	C	0.05%	0.07%	0.05%
DOCN	D	0.05%	0.25%	0.05%
DV	D	0.09%	0.11%	0.09%
DXC	C	0.11%	0.41%	0.11%
DY	C	0.1%	0.15%	0.1%
EAT	B	0.15%	0.13%	0.13%
ECPG	B	0.11%	0.13%	0.11%
EMBC	C	0.05%	0.85%	0.05%
ENR	B	0.07%	0.23%	0.07%
ENSG	C	0.22%	0.14%	0.14%
ENV	C	0.06%	0.12%	0.06%
EPAC	B	0.13%	0.15%	0.13%
EPC	D	0.05%	0.21%	0.05%
EPRT	C	0.18%	0.07%	0.07%
ESE	B	0.09%	0.13%	0.09%
EYE	D	0.07%	0.12%	0.07%
FBP	C	0.19%	0.13%	0.13%
FELE	C	0.21%	0.29%	0.21%
FFBC	B	0.05%	0.02%	0.02%
FL	F	0.06%	0.31%	0.06%
FLGT	F	0.05%	0.2%	0.05%
FN	B	0.16%	0.23%	0.16%
FORM	F	0.04%	0.12%	0.04%
FOXF	F	0.04%	0.13%	0.04%
FSS	C	0.14%	0.1%	0.1%
FTDR	A	0.22%	0.15%	0.15%
FTRE	D	0.04%	0.17%	0.04%
FUL	D	0.1%	0.05%	0.05%
FULT	B	0.11%	0.02%	0.02%
GBX	B	0.06%	0.1%	0.06%
GDOT	D	0.01%	0.2%	0.01%
GKOS	B	0.17%	0.11%	0.11%
GO	D	0.04%	0.26%	0.04%
GOGO	C	0.05%	0.27%	0.05%
GPI	B	0.18%	0.13%	0.13%
GPRE	F	0.04%	0.16%	0.04%
GRBK	D	0.05%	0.22%	0.05%
GTES	B	0.07%	0.09%	0.07%
GVA	A	0.08%	0.17%	0.08%
HAFC	B	0.06%	0.02%	0.02%
HAIN	D	0.07%	0.11%	0.07%
HASI	F	0.13%	0.12%	0.12%
HAYW	C	0.05%	0.09%	0.05%
HBI	B	0.07%	0.25%	0.07%
HCC	A	0.05%	0.06%	0.05%
HI	C	0.06%	0.08%	0.06%
HIW	B	0.14%	0.09%	0.09%
HLIT	F	0.05%	0.69%	0.05%
HLX	D	0.04%	0.07%	0.04%
HNI	B	0.15%	0.11%	0.11%
HPP	F	0.04%	0.07%	0.04%
HWKN	C	0.06%	0.16%	0.06%
HZO	C	0.05%	0.12%	0.05%
IART	C	0.06%	0.06%	0.06%
IBP	F	0.11%	0.08%	0.08%
ICHR	C	0.05%	0.05%	0.05%
ICUI	C	0.08%	0.15%	0.08%
IDCC	A	0.14%	0.18%	0.14%
INDB	B	0.07%	0.02%	0.02%
IOSP	B	0.07%	0.04%	0.04%
ITGR	B	0.13%	0.11%	0.11%
ITRI	A	0.2%	0.11%	0.11%
JBGS	D	0.06%	0.09%	0.06%
JBT	B	0.08%	0.12%	0.08%
JXN	B	0.15%	0.35%	0.15%
KAR	B	0.1%	0.11%	0.1%
KELYA	F	0.05%	0.06%	0.05%
KFY	B	0.09%	0.07%	0.07%
KLG	C	0.05%	0.1%	0.05%
KLIC	C	0.14%	0.06%	0.06%
KOP	D	0.07%	0.11%	0.07%
KREF	D	0.07%	0.02%	0.02%
KRYS	C	0.04%	0.15%	0.04%
KSS	F	0.05%	0.14%	0.05%
KTB	A	0.15%	0.21%	0.15%
LCII	D	0.11%	0.32%	0.11%
LEG	F	0.06%	0.11%	0.06%
LESL	D	0.05%	0.34%	0.05%
LNC	B	0.09%	0.11%	0.09%
LNN	B	0.08%	0.1%	0.08%
LRN	B	0.13%	0.17%	0.13%
LUMN	B	0.17%	1.37%	0.17%
LXP	D	0.06%	0.07%	0.06%
MAC	B	0.08%	0.07%	0.07%
MARA	C	0.07%	0.13%	0.07%
MC	B	0.02%	0.12%	0.02%
MHO	C	0.06%	0.21%	0.06%
MLKN	F	0.04%	0.09%	0.04%
MMI	B	0.05%	0.2%	0.05%
MMSI	A	0.15%	0.12%	0.12%
MNRO	B	0.05%	0.13%	0.05%
MODG	F	0.06%	0.18%	0.06%
MOG.A	B	0.23%	0.17%	0.17%
MOV	D	0.06%	0.11%	0.06%
MPW	D	0.05%	0.45%	0.05%
MRCY	B	0.1%	0.13%	0.1%
MTH	D	0.18%	0.2%	0.18%
MTRN	C	0.05%	0.06%	0.05%
MTUS	C	0.04%	0.05%	0.04%
MTX	B	0.12%	0.04%	0.04%
MXL	C	0.05%	0.39%	0.05%
MYGN	F	0.04%	0.1%	0.04%
MYRG	C	0.15%	0.1%	0.1%
NABL	F	0.05%	0.11%	0.05%
NARI	C	0.07%	0.09%	0.07%
NBHC	B	0.05%	0.16%	0.05%
NBTB	B	0.05%	0.02%	0.02%
NEO	C	0.05%	0.11%	0.05%
NMIH	D	0.09%	0.14%	0.09%
NPO	C	0.12%	0.06%	0.06%
NSIT	F	0.14%	0.1%	0.1%
NWL	B	0.1%	0.09%	0.09%
NWN	B	0.07%	0.28%	0.07%
OGN	F	0.09%	0.17%	0.09%
OII	B	0.06%	0.08%	0.06%
OMCL	B	0.06%	0.15%	0.06%
OMI	F	0.04%	0.23%	0.04%
OUT	C	0.07%	0.08%	0.07%
PAHC	B	0.06%	0.37%	0.06%
PAYO	A	0.07%	0.22%	0.07%
PBI	C	0.05%	0.15%	0.05%
PDCO	D	0.14%	0.26%	0.14%
PDFS	C	0.05%	0.06%	0.05%
PEB	D	0.06%	0.07%	0.06%
PECO	B	0.07%	0.07%	0.07%
PENN	C	0.04%	0.08%	0.04%
PFS	B	0.05%	0.02%	0.02%
PINC	B	0.14%	0.29%	0.14%
PIPR	B	0.07%	0.13%	0.07%
PJT	B	0.09%	0.12%	0.09%
PLAY	C	0.06%	0.06%	0.06%
PLMR	C	0.08%	0.32%	0.08%
PLUS	C	0.07%	0.49%	0.07%
PLXS	B	0.17%	0.7%	0.17%
POWL	B	0.1%	0.17%	0.1%
PPBI	B	0.06%	0.02%	0.02%
PRAA	C	0.05%	0.12%	0.05%
PRG	C	0.05%	0.15%	0.05%
PRGS	B	0.23%	0.14%	0.14%
PRVA	C	0.07%	0.09%	0.07%
PSMT	C	0.05%	0.37%	0.05%
PTEN	D	0.04%	0.06%	0.04%
PTGX	C	0.06%	0.37%	0.06%
RAMP	C	0.05%	0.1%	0.05%
RCUS	C	0.04%	0.13%	0.04%
RDN	D	0.09%	0.13%	0.09%
RDNT	A	0.09%	0.11%	0.09%
REZI	A	0.19%	0.08%	0.08%
RHI	B	0.2%	0.06%	0.06%
RNST	B	0.08%	0.02%	0.02%
ROCK	C	0.06%	0.07%	0.06%
ROG	C	0.07%	0.04%	0.04%
RUN	F	0.08%	0.36%	0.08%
RUSHA	B	0.05%	0.11%	0.05%
RXO	B	0.1%	0.09%	0.09%
SATS	C	0.06%	0.52%	0.06%
SBH	C	0.05%	0.28%	0.05%
SCL	C	0.1%	0.04%	0.04%
SEDG	F	0.03%	0.07%	0.03%
SEE	C	0.07%	0.15%	0.07%
SEM	B	0.07%	0.38%	0.07%
SFBS	B	0.06%	0.02%	0.02%
SHAK	B	0.09%	0.31%	0.09%
SHOO	D	0.12%	0.17%	0.12%
SIG	B	0.1%	0.18%	0.1%
SJW	D	0.1%	0.28%	0.1%
SKT	B	0.06%	0.07%	0.06%
SLG	B	0.11%	0.09%	0.09%
SLVM	A	0.06%	0.19%	0.06%
SM	C	0.06%	0.14%	0.06%
SMP	C	0.05%	0.21%	0.05%
SMPL	C	0.05%	0.09%	0.05%
SMTC	A	0.06%	0.58%	0.06%
SNDR	A	0.19%	0.07%	0.07%
SONO	C	0.07%	0.13%	0.07%
SPSC	F	0.16%	0.13%	0.13%
STAA	F	0.04%	0.07%	0.04%
STC	C	0.08%	0.18%	0.08%
SXT	B	0.07%	0.12%	0.07%
TALO	C	0.06%	0.17%	0.06%
TBBK	C	0.07%	0.17%	0.07%
TDS	B	0.08%	0.42%	0.08%
TGI	B	0.05%	0.12%	0.05%
THRM	F	0.05%	0.26%	0.05%
THS	F	0.05%	0.11%	0.05%
TILE	A	0.08%	0.09%	0.08%
TNC	F	0.05%	0.13%	0.05%
TNDM	F	0.05%	0.72%	0.05%
TPH	D	0.14%	0.18%	0.14%
TRN	B	0.09%	0.11%	0.09%
UCB	B	0.04%	0.02%	0.02%
UFPT	C	0.06%	0.16%	0.06%
UNFI	B	0.08%	0.4%	0.08%
UNIT	B	0.09%	0.12%	0.09%
UPBD	C	0.06%	0.21%	0.06%
VBTX	B	0.06%	0.02%	0.02%
VECO	F	0.11%	0.05%	0.05%
VFC	B	0.2%	0.21%	0.2%
VREX	C	0.06%	0.13%	0.06%
VRRM	F	0.06%	0.17%	0.06%
VRTS	B	0.05%	0.3%	0.05%
VSAT	F	0.03%	0.21%	0.03%
VSCO	B	0.06%	0.16%	0.06%
VSTS	F	0.05%	0.14%	0.05%
VVI	B	0.06%	0.09%	0.06%
VYX	C	0.05%	0.17%	0.05%
WD	B	0.07%	0.22%	0.07%
WDFC	B	0.11%	0.15%	0.11%
WERN	B	0.12%	0.07%	0.07%
WGO	C	0.12%	0.28%	0.12%
WHD	B	0.12%	0.09%	0.09%
WKC	D	0.05%	0.33%	0.05%
WNC	D	0.05%	0.09%	0.05%
WT	B	0.05%	0.34%	0.05%
XHR	B	0.07%	0.07%	0.07%
XPEL	C	0.04%	0.15%	0.04%
XRX	F	0.04%	0.12%	0.04%
YELP	C	0.05%	0.21%	0.05%
ZEUS	D	0.05%	0.05%	0.05%

ESML Overweight 594 Positions Relative to SSLY

Symbol	Grade	Weight
CASY	B	0.52%
JHG	A	0.49%
CVNA	B	0.48%
USFD	B	0.48%
INGR	B	0.45%
SFM	A	0.43%
GWRE	B	0.43%
KBR	A	0.41%
EWBC	B	0.39%
JLL	C	0.38%
FIX	A	0.37%
NTNX	B	0.34%
FTI	B	0.34%
FLEX	A	0.33%
MUSA	C	0.33%
REXR	F	0.33%
AYI	A	0.33%
FRT	C	0.32%
XPO	B	0.32%
RGLD	B	0.32%
OGS	C	0.31%
EHC	B	0.3%
RGA	B	0.29%
OSK	B	0.29%
IBKR	B	0.29%
BLD	F	0.28%
SUM	B	0.28%
BWXT	B	0.28%
SNV	B	0.28%
ITT	A	0.28%
R	A	0.28%
GBCI	B	0.28%
AVT	B	0.28%
CNX	B	0.27%
BJ	B	0.27%
DTM	A	0.27%
PNFP	B	0.27%
GPK	C	0.27%
SAIA	C	0.27%
COHR	B	0.27%
SCI	A	0.27%
SIGI	B	0.27%
TOL	B	0.27%
SSB	B	0.26%
WMS	D	0.26%
RNR	B	0.26%
NTRA	A	0.26%
AXTA	A	0.26%
ATR	B	0.25%
CACI	B	0.25%
THC	B	0.25%
HRI	B	0.25%
UGI	D	0.25%
UMBF	B	0.25%
IVZ	B	0.25%
PCVX	D	0.25%
ALSN	A	0.25%
DCI	A	0.25%
TPR	A	0.25%
WBS	B	0.24%
MWA	A	0.24%
ARMK	B	0.24%
CNM	D	0.24%
RRC	C	0.24%
CW	A	0.24%
WEX	F	0.24%
NCLH	B	0.24%
EXLS	A	0.23%
BFAM	F	0.23%
ONTO	F	0.23%
UNM	B	0.23%
CDP	C	0.23%
MTG	D	0.23%
KBH	C	0.22%
FND	F	0.22%
FTAI	B	0.22%
GNRC	A	0.22%
WCC	B	0.22%
AAON	B	0.22%
PRI	A	0.22%
CUZ	B	0.22%
AA	B	0.21%
HAS	D	0.21%
FHN	B	0.21%
WAL	B	0.21%
SRPT	F	0.21%
NFG	C	0.21%
ZWS	B	0.21%
CBSH	A	0.21%
HHH	B	0.21%
INSM	C	0.21%
CMC	B	0.21%
LAD	B	0.21%
LSTR	C	0.21%
CVLT	A	0.21%
CUBE	D	0.21%
EGP	D	0.21%
NJR	C	0.21%
MTN	D	0.2%
FCN	F	0.2%
FRPT	B	0.2%
TTEK	C	0.2%
LECO	C	0.2%
HOG	F	0.2%
OHI	B	0.2%
AFRM	B	0.2%
PCTY	B	0.2%
LNW	C	0.2%
HRB	D	0.2%
BDC	B	0.2%
AR	C	0.2%
WTS	C	0.2%
GME	C	0.19%
CNO	B	0.19%
WK	B	0.19%
NVT	B	0.19%
ENLC	B	0.19%
WHR	B	0.19%
WWD	B	0.19%
RHP	B	0.19%
WSC	C	0.19%
RLI	A	0.19%
DAR	C	0.19%
NOVT	B	0.19%
CR	A	0.19%
OMF	A	0.19%
DUOL	B	0.18%
PR	C	0.18%
PCH	F	0.18%
TMHC	A	0.18%
NYT	B	0.18%
MTZ	A	0.18%
WING	F	0.18%
BWA	D	0.18%
CIEN	A	0.18%
AMG	C	0.18%
SOFI	A	0.18%
ZION	B	0.18%
AXS	A	0.18%
MORN	A	0.18%
TGNA	B	0.18%
KNSL	D	0.18%
RGEN	F	0.17%
TKO	D	0.17%
GATX	B	0.17%
VVV	B	0.17%
BERY	C	0.17%
LPX	B	0.17%
ONB	B	0.17%
FMC	D	0.17%
PLNT	B	0.17%
THG	A	0.17%
MSA	D	0.17%
SITE	C	0.17%
SPXC	C	0.17%
MDU	F	0.17%
PEN	C	0.17%
DBX	C	0.16%
VOYA	B	0.16%
WFRD	F	0.16%
FLS	A	0.16%
FAF	D	0.16%
UBSI	B	0.16%
LSCC	C	0.16%
CROX	F	0.16%
BRX	A	0.16%
CHX	D	0.16%
SF	B	0.16%
ITCI	A	0.16%
ESTC	C	0.16%
GXO	C	0.16%
KNTK	A	0.16%
PVH	C	0.16%
LAZ	B	0.16%
DLB	C	0.16%
PCOR	C	0.16%
ASB	B	0.16%
ALTR	C	0.15%
ANF	C	0.15%
BRKR	F	0.15%
CZR	D	0.15%
GTLB	C	0.15%
MEDP	D	0.15%
NOV	D	0.15%
ASGN	B	0.15%
MOD	C	0.15%
AM	B	0.15%
JAZZ	B	0.15%
X	C	0.15%
SLM	B	0.15%
TNL	A	0.15%
VNT	B	0.15%
ELAN	D	0.15%
HQY	A	0.15%
LNTH	D	0.15%
RRX	B	0.15%
CRUS	F	0.15%
SR	D	0.14%
VKTX	C	0.14%
ECG	B	0.14%
RMBS	C	0.14%
CHDN	B	0.14%
CFLT	C	0.14%
RYAN	B	0.14%
ESI	B	0.14%
WH	A	0.14%
HXL	D	0.14%
VLY	B	0.14%
LFUS	C	0.14%
MAT	C	0.14%
FIBK	B	0.14%
SMAR	B	0.14%
THO	C	0.13%
CAVA	A	0.13%
CRDO	A	0.13%
WTM	B	0.13%
ORI	B	0.13%
HALO	C	0.13%
MUR	F	0.13%
M	C	0.13%
IBCP	B	0.13%
HESM	D	0.13%
CYTK	D	0.13%
SWX	B	0.13%
KNF	B	0.13%
OZK	B	0.13%
MKSI	D	0.13%
AZEK	B	0.13%
VMI	B	0.13%
BECN	B	0.13%
CBT	B	0.13%
CADE	B	0.13%
TPX	C	0.13%
CHE	F	0.13%
AGCO	D	0.13%
FYBR	C	0.13%
PRIM	A	0.13%
NXT	C	0.12%
BLKB	C	0.12%
SON	F	0.12%
AIT	A	0.12%
YETI	F	0.12%
XENE	B	0.12%
S	B	0.12%
AGNC	D	0.12%
ELF	D	0.12%
PSN	B	0.12%
GL	C	0.12%
LBRDA	B	0.12%
IRDM	C	0.12%
OLLI	C	0.12%
GTLS	B	0.12%
COLB	B	0.12%
ADT	B	0.12%
GAP	C	0.12%
CGNX	C	0.11%
ACHC	F	0.11%
HAE	B	0.11%
TRNO	D	0.11%
APPF	D	0.11%
PFSI	D	0.11%
ETSY	D	0.11%
QTWO	B	0.11%
LEA	F	0.11%
PATH	D	0.11%
EVR	B	0.11%
BHVN	C	0.11%
KOS	F	0.11%
KRC	B	0.11%
CRNX	A	0.11%
ALTM	C	0.11%
ORA	B	0.11%
ADC	B	0.11%
FLR	C	0.11%
STRL	A	0.11%
FIVE	F	0.11%
IMAX	B	0.1%
TDC	D	0.1%
INSP	D	0.1%
PRCT	A	0.1%
WEN	C	0.1%
JEF	B	0.1%
NXST	C	0.1%
ZI	C	0.1%
VC	F	0.1%
AMAL	B	0.1%
FA	D	0.1%
ERII	B	0.1%
RVMD	B	0.1%
BILL	B	0.1%
HCP	A	0.1%
DNLI	B	0.1%
DRS	B	0.1%
U	D	0.1%
SSD	C	0.1%
TXRH	B	0.1%
PEGA	A	0.1%
GMED	B	0.1%
RDUS	C	0.1%
STWD	D	0.1%
EFSC	B	0.1%
OLED	F	0.09%
HR	D	0.09%
MIR	B	0.09%
CRSP	C	0.09%
EWTX	B	0.09%
KD	B	0.09%
LYFT	C	0.09%
ICFI	B	0.09%
MGRC	B	0.09%
RL	B	0.09%
CFR	B	0.09%
VNO	A	0.09%
CURB	C	0.09%
SLAB	F	0.09%
ARW	F	0.09%
POST	D	0.09%
FR	D	0.09%
OPCH	F	0.09%
AMED	C	0.09%
CAC	B	0.09%
ATKR	D	0.09%
BRBR	A	0.09%
TENB	D	0.09%
BC	C	0.08%
PRKS	B	0.08%
AUR	C	0.08%
BWIN	D	0.08%
EVRI	A	0.08%
SPB	C	0.08%
AZTA	F	0.08%
ST	F	0.08%
ENOV	C	0.08%
RNA	B	0.08%
SBRA	B	0.08%
BPMC	C	0.08%
NTGR	A	0.08%
SNX	B	0.08%
TEX	C	0.08%
LBPH	A	0.08%
TARS	B	0.08%
PI	C	0.08%
LITE	B	0.08%
RKLB	B	0.08%
HWC	B	0.08%
MTSI	B	0.08%
MNKD	B	0.07%
CART	B	0.07%
XRAY	F	0.07%
VITL	F	0.07%
MAN	F	0.07%
CLF	D	0.07%
VNOM	B	0.07%
WTFC	B	0.07%
W	F	0.07%
PAR	A	0.07%
SG	B	0.07%
UPST	B	0.07%
AVNT	B	0.07%
UEC	B	0.07%
PRGO	D	0.07%
MRUS	B	0.07%
RH	B	0.07%
COLD	F	0.07%
ESNT	F	0.07%
PHAT	C	0.07%
PDM	B	0.07%
GT	C	0.07%
COLM	C	0.07%
COMP	B	0.07%
CCCS	B	0.07%
DOCS	B	0.07%
VRDN	A	0.07%
VAC	B	0.07%
VCTR	B	0.07%
TNET	F	0.07%
LBRDK	B	0.07%
INTA	B	0.07%
SASR	B	0.07%
HIMS	B	0.07%
ESRT	C	0.07%
TREX	C	0.07%
KTOS	B	0.07%
WU	F	0.07%
ZD	C	0.07%
MHK	D	0.07%
VSEC	B	0.07%
CLVT	F	0.07%
AN	D	0.07%
ACLX	B	0.07%
IESC	A	0.07%
PLYA	A	0.07%
ATRC	C	0.07%
ALHC	B	0.07%
VVX	B	0.07%
CHWY	C	0.07%
RARE	D	0.07%
BPOP	D	0.07%
RBBN	A	0.06%
NRIX	B	0.06%
RNG	B	0.06%
CIVI	D	0.06%
CC	C	0.06%
PTCT	B	0.06%
PLUG	D	0.06%
VERA	B	0.06%
GERN	D	0.06%
CRAI	B	0.06%
EPR	D	0.06%
GH	C	0.06%
APGE	C	0.06%
SPR	F	0.06%
CHH	B	0.06%
COKE	D	0.06%
LCID	F	0.06%
NUVL	D	0.06%
CLH	B	0.06%
EXP	B	0.06%
RUSHB	B	0.06%
ALKT	C	0.06%
IBOC	B	0.06%
PYCR	C	0.06%
JWN	C	0.06%
VERX	B	0.06%
EXPO	D	0.06%
OWL	B	0.06%
FIVN	D	0.06%
JANX	C	0.06%
FROG	C	0.06%
ADMA	B	0.06%
EWCZ	D	0.06%
FFIN	B	0.06%
KVYO	D	0.06%
FUN	C	0.06%
PNTG	D	0.06%
ELVN	B	0.06%
FOUR	B	0.06%
BYD	A	0.06%
TDOC	D	0.06%
APG	B	0.06%
HELE	D	0.06%
PK	C	0.06%
EE	B	0.06%
POWI	C	0.06%
HGV	C	0.06%
MBUU	C	0.06%
MDGL	B	0.06%
AVPT	B	0.06%
IRON	C	0.06%
HURN	B	0.06%
RCM	B	0.06%
MASI	B	0.06%
ROIV	C	0.06%
KROS	B	0.06%
IDYA	F	0.06%
VRNS	D	0.06%
KE	C	0.06%
ZYME	B	0.06%
CLNE	C	0.06%
WRBY	B	0.06%
NVST	C	0.06%
ALEC	C	0.05%
JAMF	F	0.05%
MLTX	C	0.05%
IMVT	C	0.05%
FLO	F	0.05%
INVX	D	0.05%
ASAN	C	0.05%
PLOW	D	0.05%
WOLF	F	0.05%
BEAM	C	0.05%
MMS	C	0.05%
LGF.A	D	0.05%
BBIO	D	0.05%
BE	C	0.05%
LOPE	A	0.05%
NEP	F	0.05%
ACEL	C	0.05%
ASH	F	0.05%
CAR	D	0.05%
NEOG	C	0.05%
COGT	D	0.05%
REVG	B	0.05%
FLG	F	0.05%
CDE	C	0.05%
MRC	B	0.05%
FRSH	C	0.05%
BNL	D	0.05%
SIBN	D	0.05%
SNDX	C	0.05%
AGIO	B	0.05%
KMPR	A	0.05%
TGTX	A	0.05%
LEVI	F	0.05%
HL	D	0.05%
INFA	D	0.05%
MTTR	B	0.05%
ETNB	C	0.05%
IONS	F	0.05%
AVDX	C	0.05%
UAA	C	0.05%
SHC	C	0.05%
PGRE	B	0.05%
OSCR	F	0.05%
ARVN	D	0.05%
RYN	D	0.05%
TROX	F	0.05%
PLRX	C	0.05%
FLYW	C	0.05%
ARKO	D	0.05%
TMDX	F	0.05%
ESTA	C	0.05%
AI	C	0.05%
SKY	C	0.05%
GEF	B	0.05%
MLNK	B	0.05%
EDR	C	0.05%
XPRO	F	0.05%
TWST	C	0.05%
LIVN	C	0.05%
GEF	B	0.05%
NCNO	B	0.05%
ARQT	C	0.05%
CWAN	B	0.05%
SLNO	B	0.05%
BROS	B	0.05%
DCO	C	0.05%
VRNT	F	0.05%
PRO	C	0.05%
INFN	C	0.05%
CMCO	C	0.05%
ARWR	C	0.05%
CBZ	B	0.05%
ZUO	C	0.05%
AXSM	D	0.05%
PBF	F	0.05%
RXST	F	0.05%
CSTL	B	0.05%
ACVA	C	0.05%
RKT	D	0.05%
PD	C	0.05%
KYMR	B	0.05%
ETWO	F	0.04%
TXG	F	0.04%
FNA	D	0.04%
DK	F	0.04%
SAVA	D	0.04%
SVRA	D	0.04%
NUVB	C	0.04%
MEG	F	0.04%
SPT	F	0.04%
HOUS	F	0.04%
CLDX	F	0.04%
CRI	F	0.04%
BRZE	D	0.04%
SWTX	D	0.04%
NTLA	F	0.04%
EGY	F	0.04%
ARCT	F	0.04%
KURA	F	0.04%
PRTA	F	0.04%
BRY	F	0.04%
DYN	F	0.04%
COUR	F	0.04%
AMC	F	0.04%
RCKT	F	0.04%
QS	F	0.04%
MEI	F	0.04%
CECO	D	0.04%
CGEM	F	0.04%
CLSK	C	0.04%
TMCI	D	0.04%
BASE	C	0.04%
BKD	F	0.04%
MGNI	C	0.04%
IVR	D	0.04%
PGNY	F	0.04%
NVCR	C	0.04%
QDEL	C	0.04%
RXRX	D	0.04%
ANAB	F	0.03%
AGL	F	0.03%
ASPN	F	0.03%
MQ	F	0.03%
SITC	F	0.03%
CRMT	F	0.03%
CNXC	F	0.03%
CDNA	D	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%

ESML Underweight 277 Positions Relative to SSLY

Symbol	Grade	Weight
VCEL	B	-0.76%
SANM	B	-0.57%
CEVA	B	-0.57%
HVT	F	-0.54%
MD	B	-0.53%
ASTH	D	-0.51%
VGR	B	-0.51%
SITM	B	-0.48%
NTCT	B	-0.44%
EXTR	B	-0.44%
CTRE	C	-0.44%
CNS	B	-0.43%
TRUP	C	-0.43%
AOSL	F	-0.42%
STEP	B	-0.42%
UVV	C	-0.41%
MGPI	F	-0.39%
SPTN	F	-0.38%
PRFT	A	-0.37%
HSTM	A	-0.37%
BSIG	B	-0.36%
SXI	B	-0.36%
LGND	B	-0.36%
MLI	B	-0.35%
GFF	C	-0.35%
CHEF	B	-0.34%
AMPH	D	-0.34%
MCY	A	-0.34%
BKE	B	-0.33%
SDGR	D	-0.33%
SPNT	C	-0.32%
PBH	B	-0.32%
GNW	C	-0.31%
EIG	B	-0.31%
PRA	B	-0.31%
HRMY	D	-0.31%
MSEX	B	-0.31%
VSTO	B	-0.3%
MGEE	A	-0.3%
UTL	C	-0.3%
DIOD	D	-0.3%
HCI	B	-0.3%
AMSF	A	-0.3%
HMN	B	-0.29%
PZZA	C	-0.29%
SAFT	C	-0.29%
TTMI	A	-0.28%
SUPN	B	-0.28%
SABR	C	-0.28%
RGR	F	-0.27%
ANIP	D	-0.27%
KN	B	-0.27%
UFCS	B	-0.27%
CORT	B	-0.27%
CARG	B	-0.26%
MLAB	D	-0.26%
LQDT	A	-0.26%
PRLB	B	-0.26%
CERT	D	-0.26%
AMCX	D	-0.26%
CHCT	C	-0.26%
IAC	C	-0.25%
SNCY	C	-0.25%
AHCO	F	-0.25%
ASO	F	-0.25%
JBLU	C	-0.24%
SCHL	F	-0.24%
FDP	B	-0.24%
SLP	F	-0.24%
URBN	D	-0.24%
IPAR	C	-0.24%
JACK	D	-0.23%
CNSL	B	-0.23%
OTTR	D	-0.23%
CVI	F	-0.23%
LPG	F	-0.23%
SKYW	B	-0.23%
GSHD	B	-0.23%
NPK	B	-0.22%
BLFS	B	-0.22%
VIRT	A	-0.21%
EXPI	C	-0.21%
GIII	C	-0.21%
INVA	B	-0.21%
COLL	F	-0.21%
WWW	A	-0.2%
CVGW	B	-0.2%
THRY	F	-0.2%
PARR	F	-0.2%
ALGT	C	-0.2%
SHEN	F	-0.2%
SSTK	D	-0.19%
VIAV	B	-0.19%
CARS	C	-0.19%
PATK	D	-0.19%
LGIH	D	-0.19%
TRIP	D	-0.18%
SNEX	B	-0.18%
FWRD	D	-0.18%
CVCO	A	-0.18%
REX	C	-0.18%
SCVL	D	-0.17%
MGY	A	-0.17%
OFG	C	-0.17%
ODP	F	-0.17%
CTKB	C	-0.17%
CHUY	B	-0.17%
DVAX	C	-0.17%
OI	D	-0.17%
CASH	B	-0.17%
DORM	B	-0.17%
VICR	B	-0.16%
NOG	B	-0.16%
NATL	C	-0.16%
EVTC	C	-0.16%
AIN	D	-0.16%
MATV	F	-0.16%
ENVA	B	-0.15%
LKFN	B	-0.15%
TFIN	B	-0.15%
DAN	F	-0.15%
CRK	B	-0.15%
ASIX	B	-0.15%
NVEE	D	-0.14%
UNF	B	-0.14%
XNCR	B	-0.14%
KMT	B	-0.14%
PRDO	B	-0.14%
BFH	B	-0.13%
RGNX	D	-0.13%
DBI	F	-0.13%
NHC	C	-0.13%
PHIN	B	-0.13%
EZPW	B	-0.12%
NAVI	F	-0.12%
HTZ	D	-0.12%
MERC	C	-0.12%
HCSG	B	-0.12%
LTC	B	-0.12%
WAFD	C	-0.12%
NUS	F	-0.12%
AVNS	F	-0.12%
OSIS	C	-0.12%
COHU	C	-0.12%
KALU	C	-0.12%
IRWD	D	-0.12%
BGS	F	-0.11%
CNXN	C	-0.11%
BJRI	C	-0.11%
TR	C	-0.11%
VTLE	D	-0.11%
SAH	B	-0.11%
LMAT	A	-0.11%
QNST	C	-0.11%
VIR	C	-0.11%
TRST	B	-0.11%
NWBI	B	-0.11%
AX	B	-0.11%
HUBG	B	-0.11%
CBRL	D	-0.11%
LZB	C	-0.11%
STRA	D	-0.11%
OXM	F	-0.1%
JBSS	F	-0.1%
SCSC	C	-0.1%
DXPE	B	-0.1%
GES	F	-0.1%
CFFN	B	-0.1%
BLMN	F	-0.1%
JJSF	B	-0.1%
MCW	B	-0.1%
ETD	F	-0.1%
WRLD	C	-0.1%
CHCO	B	-0.1%
VRE	B	-0.09%
UHT	D	-0.09%
CXW	B	-0.09%
MCRI	B	-0.09%
GNL	D	-0.09%
GMS	B	-0.09%
DDD	D	-0.09%
PCRX	D	-0.09%
CRSR	F	-0.09%
FIZZ	B	-0.09%
DIN	C	-0.09%
IIPR	F	-0.08%
VTOL	C	-0.08%
WS	A	-0.08%
NBR	C	-0.08%
USPH	C	-0.08%
MSGS	B	-0.08%
MATW	C	-0.08%
MATX	B	-0.08%
INN	D	-0.08%
GDEN	C	-0.08%
USNA	C	-0.08%
NVRI	F	-0.08%
UE	A	-0.07%
ALEX	B	-0.07%
CEIX	B	-0.07%
GTY	B	-0.07%
PLAB	C	-0.07%
JOE	F	-0.07%
CSR	B	-0.07%
FCPT	D	-0.07%
MRTN	C	-0.07%
SVC	F	-0.07%
HSII	A	-0.07%
IIIN	F	-0.07%
LBRT	F	-0.07%
HP	C	-0.07%
PUMP	F	-0.07%
KW	B	-0.07%
BTU	B	-0.07%
ELME	C	-0.07%
HTLD	C	-0.07%
TTGT	C	-0.07%
APOG	A	-0.07%
ROIC	A	-0.07%
APLE	B	-0.07%
NXRT	C	-0.07%
SHO	B	-0.07%
NX	C	-0.07%
RES	F	-0.07%
DRH	B	-0.07%
AKR	B	-0.07%
GEO	B	-0.07%
WSR	B	-0.06%
EFC	D	-0.06%
B	B	-0.06%
SXC	A	-0.06%
TWI	F	-0.06%
RWT	D	-0.06%
BFS	B	-0.06%
HAYN	A	-0.06%
CENX	B	-0.06%
KWR	D	-0.05%
CENTA	D	-0.05%
UCTT	D	-0.05%
CENT	D	-0.05%
WOR	D	-0.05%
ACLS	F	-0.05%
MYE	F	-0.05%
AMR	C	-0.05%
PMT	D	-0.05%
TDW	F	-0.05%
FBRT	B	-0.05%
ARCH	B	-0.05%
NGVT	C	-0.04%
SWI	B	-0.03%
WABC	B	-0.02%
ABR	B	-0.02%
TRMK	B	-0.02%
PFBC	B	-0.02%
HTH	C	-0.02%
FHB	B	-0.02%
CATY	B	-0.02%
SBCF	B	-0.02%
BRKL	B	-0.02%
WSFS	B	-0.02%
HOPE	B	-0.02%
HFWA	B	-0.02%
FCF	B	-0.02%
FBK	B	-0.02%
SFNC	B	-0.02%
BANF	B	-0.02%
FBNC	B	-0.02%
SBSI	B	-0.02%
EGBN	B	-0.02%
STBA	C	-0.02%
TMP	B	-0.02%
IBTX	B	-0.02%
PRK	B	-0.02%
DCOM	B	-0.02%
RILY	F	-0.02%
RC	F	-0.01%
ARI	D	-0.01%