ESML vs. XJR ETF Comparison

Comparison of iShares MSCI USA Small-Cap ESG Optimized ETF (ESML) to iShares ESG Screened S&P Small-Cap ETF (XJR)

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

$44.48

Average Daily Volume

99,551

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

XJR

iShares ESG Screened S&P Small-Cap ETF

XJR Description

The investment seeks to track the investment results of an index composed of small-capitalization U.S. equities while applying screens for company involvement in controversies and controversial business activities. The fund seeks to track the investment results of the S&P SmallCap 600 Sustainability Screened Index, which measures the performance of the small-capitalization sector of the U.S. equity market while excluding companies involved in controversial business activities and controversies, as determined by S&P Dow Jones Indices LLC. BFA uses a representative sampling indexing strategy to manage the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.19

Average Daily Volume

5,889

Number of Holdings ^*

541

* may have additional holdings in another (foreign) market

Performance

Period	ESML	XJR
30 Days	7.65%	8.20%
60 Days	13.76%	11.93%
90 Days	15.86%	13.13%
12 Months	38.56%	36.64%

296 Overlapping Holdings

Symbol	Grade	Weight in ESML	Weight in XJR	Overlap
AAP	F	0.05%	0.19%	0.05%
AAT	B	0.07%	0.11%	0.07%
ABCB	B	0.1%	0.34%	0.1%
ABG	B	0.12%	0.4%	0.12%
ABM	B	0.09%	0.29%	0.09%
ACA	B	0.14%	0.4%	0.14%
ACIW	A	0.15%	0.45%	0.15%
ADUS	D	0.06%	0.19%	0.06%
AEIS	B	0.17%	0.35%	0.17%
AEO	F	0.09%	0.28%	0.09%
AGO	B	0.05%	0.34%	0.05%
AGYS	C	0.05%	0.19%	0.05%
AHH	D	0.05%	0.06%	0.05%
AIR	F	0.05%	0.18%	0.05%
AL	B	0.1%	0.39%	0.1%
ALG	C	0.08%	0.16%	0.08%
ALK	B	0.22%	0.51%	0.22%
ALKS	C	0.1%	0.39%	0.1%
ALRM	C	0.04%	0.23%	0.04%
AMBC	F	0.05%	0.04%	0.04%
AMN	F	0.07%	0.13%	0.07%
AMWD	B	0.07%	0.12%	0.07%
ANDE	D	0.06%	0.12%	0.06%
AORT	B	0.06%	0.09%	0.06%
APAM	B	0.1%	0.0%	0.0%
ARCB	C	0.05%	0.21%	0.05%
ARLO	C	0.04%	0.09%	0.04%
AROC	B	0.09%	0.29%	0.09%
ASTE	C	0.05%	0.06%	0.05%
ATEN	B	0.05%	0.09%	0.05%
ATGE	A	0.05%	0.26%	0.05%
ATI	D	0.14%	0.56%	0.14%
AUB	B	0.1%	0.0%	0.0%
AVAV	B	0.14%	0.51%	0.14%
AWI	A	0.23%	0.54%	0.23%
AWR	C	0.05%	0.26%	0.05%
AXL	D	0.04%	0.06%	0.04%
AZZ	C	0.07%	0.2%	0.07%
BANC	B	0.06%	0.18%	0.06%
BANR	B	0.16%	0.0%	0.0%
BCC	B	0.16%	0.45%	0.16%
BCPC	B	0.14%	0.47%	0.14%
BDN	C	0.07%	0.08%	0.07%
BGC	A	0.05%	0.28%	0.05%
BHE	B	0.16%	0.14%	0.14%
BHLB	B	0.19%	0.0%	0.0%
BKU	B	0.05%	0.0%	0.0%
BL	C	0.07%	0.24%	0.07%
BMI	C	0.29%	0.51%	0.29%
BOH	B	0.08%	0.0%	0.0%
BOOT	D	0.06%	0.33%	0.06%
BOX	B	0.13%	0.4%	0.13%
BRC	B	0.09%	0.26%	0.09%
BXMT	B	0.08%	0.27%	0.08%
CABO	C	0.13%	0.14%	0.13%
CAKE	B	0.06%	0.18%	0.06%
CAL	F	0.04%	0.09%	0.04%
CALM	B	0.06%	0.3%	0.06%
CALX	F	0.07%	0.18%	0.07%
CBU	B	0.06%	0.0%	0.0%
CCOI	B	0.11%	0.29%	0.11%
CCS	F	0.07%	0.21%	0.07%
CLB	C	0.06%	0.08%	0.06%
CMA	B	0.19%	0.7%	0.19%
CNK	A	0.08%	0.27%	0.08%
CNMD	C	0.05%	0.19%	0.05%
COOP	B	0.05%	0.5%	0.05%
CPF	B	0.13%	0.0%	0.0%
CPK	C	0.13%	0.23%	0.13%
CPRX	B	0.05%	0.2%	0.05%
CRS	B	0.15%	0.67%	0.15%
CRVL	B	0.09%	0.24%	0.09%
CSGS	B	0.1%	0.12%	0.1%
CTS	B	0.07%	0.13%	0.07%
CUBI	C	0.05%	0.11%	0.05%
CURB	C	0.09%	0.19%	0.09%
CVBF	B	0.1%	0.21%	0.1%
CWEN	D	0.07%	0.2%	0.07%
CWEN	D	0.06%	0.2%	0.06%
CWEN	D	0.06%	0.08%	0.06%
CWEN	D	0.07%	0.08%	0.07%
CWK	B	0.08%	0.18%	0.08%
CWT	D	0.05%	0.25%	0.05%
CXM	D	0.04%	0.07%	0.04%
DEA	C	0.07%	0.11%	0.07%
DEI	B	0.02%	0.0%	0.0%
DFIN	F	0.11%	0.13%	0.11%
DGII	B	0.05%	0.09%	0.05%
DLX	B	0.05%	0.07%	0.05%
DNOW	C	0.05%	0.11%	0.05%
DOCN	D	0.05%	0.19%	0.05%
DV	D	0.09%	0.22%	0.09%
DXC	B	0.11%	0.31%	0.11%
DY	D	0.1%	0.45%	0.1%
EAT	B	0.15%	0.41%	0.15%
ECPG	B	0.11%	0.09%	0.09%
ENR	B	0.07%	0.18%	0.07%
ENV	C	0.06%	0.0%	0.0%
EPAC	B	0.13%	0.21%	0.13%
EPC	D	0.05%	0.15%	0.05%
EPRT	D	0.18%	0.46%	0.18%
ESE	B	0.09%	0.28%	0.09%
EYE	D	0.07%	0.08%	0.07%
FBP	C	0.19%	0.0%	0.0%
FELE	C	0.21%	0.33%	0.21%
FFBC	B	0.05%	0.0%	0.0%
FL	F	0.06%	0.17%	0.06%
FLGT	C	0.05%	0.04%	0.04%
FORM	F	0.04%	0.25%	0.04%
FOXF	F	0.04%	0.12%	0.04%
FSS	D	0.14%	0.43%	0.14%
FTDR	B	0.22%	0.35%	0.22%
FUL	D	0.1%	0.34%	0.1%
FULT	B	0.11%	0.0%	0.0%
FUN	C	0.06%	0.33%	0.06%
GBX	B	0.06%	0.16%	0.06%
GDOT	B	0.01%	0.01%	0.01%
GKOS	B	0.17%	0.59%	0.17%
GO	D	0.04%	0.12%	0.04%
GOGO	C	0.05%	0.04%	0.04%
GPI	B	0.18%	0.41%	0.18%
GPRE	F	0.04%	0.0%	0.0%
GRBK	D	0.05%	0.19%	0.05%
GTES	B	0.07%	0.0%	0.0%
GVA	B	0.08%	0.33%	0.08%
HAFC	B	0.06%	0.0%	0.0%
HAIN	D	0.07%	0.07%	0.07%
HASI	C	0.13%	0.34%	0.13%
HAYW	B	0.05%	0.19%	0.05%
HBI	B	0.07%	0.21%	0.07%
HI	C	0.06%	0.17%	0.06%
HIW	C	0.14%	0.29%	0.14%
HLIT	F	0.05%	0.11%	0.05%
HLX	D	0.04%	0.11%	0.04%
HNI	B	0.15%	0.2%	0.15%
HPP	F	0.04%	0.05%	0.04%
HWKN	D	0.06%	0.17%	0.06%
HZO	C	0.05%	0.05%	0.05%
IART	C	0.06%	0.14%	0.06%
IBP	F	0.11%	0.45%	0.11%
ICHR	C	0.05%	0.09%	0.05%
ICUI	C	0.08%	0.35%	0.08%
IDCC	A	0.14%	0.36%	0.14%
INDB	B	0.07%	0.0%	0.0%
INVX	D	0.05%	0.04%	0.04%
IOSP	B	0.07%	0.23%	0.07%
ITGR	A	0.13%	0.36%	0.13%
ITRI	A	0.2%	0.44%	0.2%
JBGS	D	0.06%	0.12%	0.06%
JBT	B	0.08%	0.31%	0.08%
JXN	B	0.15%	0.05%	0.05%
KAR	B	0.1%	0.15%	0.1%
KELYA	F	0.05%	0.06%	0.05%
KFY	B	0.09%	0.33%	0.09%
KLIC	C	0.14%	0.21%	0.14%
KOP	D	0.07%	0.06%	0.06%
KREF	C	0.07%	0.06%	0.06%
KSS	F	0.05%	0.17%	0.05%
KTB	A	0.15%	0.35%	0.15%
LCII	D	0.11%	0.24%	0.11%
LEG	F	0.06%	0.14%	0.06%
LESL	D	0.05%	0.05%	0.05%
LNC	B	0.09%	0.0%	0.0%
LNN	B	0.08%	0.11%	0.08%
LRN	A	0.13%	0.34%	0.13%
LUMN	B	0.17%	0.65%	0.17%
LXP	D	0.06%	0.23%	0.06%
MAC	B	0.08%	0.34%	0.08%
MARA	C	0.07%	0.4%	0.07%
MC	B	0.02%	0.0%	0.0%
MHO	C	0.06%	0.37%	0.06%
MLKN	F	0.04%	0.14%	0.04%
MMI	B	0.05%	0.08%	0.05%
MMSI	A	0.15%	0.48%	0.15%
MNRO	B	0.05%	0.07%	0.05%
MODG	F	0.06%	0.12%	0.06%
MPW	D	0.05%	0.23%	0.05%
MRCY	C	0.1%	0.14%	0.1%
MTH	D	0.18%	0.58%	0.18%
MTRN	C	0.05%	0.19%	0.05%
MTUS	D	0.04%	0.05%	0.04%
MTX	B	0.12%	0.21%	0.12%
MXL	C	0.05%	0.08%	0.05%
MYGN	F	0.04%	0.13%	0.04%
MYRG	C	0.15%	0.19%	0.15%
NABL	F	0.05%	0.07%	0.05%
NARI	C	0.07%	0.21%	0.07%
NBHC	B	0.05%	0.0%	0.0%
NBTB	B	0.05%	0.0%	0.0%
NEO	C	0.05%	0.16%	0.05%
NMIH	D	0.09%	0.25%	0.09%
NPO	C	0.12%	0.26%	0.12%
NSIT	F	0.14%	0.4%	0.14%
NWL	B	0.1%	0.31%	0.1%
NWN	C	0.07%	0.13%	0.07%
OGN	F	0.09%	0.35%	0.09%
OMCL	B	0.06%	0.19%	0.06%
OMI	F	0.04%	0.07%	0.04%
OUT	C	0.07%	0.21%	0.07%
PAHC	B	0.06%	0.04%	0.04%
PAYO	A	0.07%	0.0%	0.0%
PBI	A	0.05%	0.0%	0.0%
PDCO	C	0.14%	0.14%	0.14%
PDFS	D	0.05%	0.08%	0.05%
PEB	D	0.06%	0.12%	0.06%
PECO	B	0.07%	0.4%	0.07%
PENN	C	0.04%	0.23%	0.04%
PFS	B	0.05%	0.0%	0.0%
PINC	B	0.14%	0.2%	0.14%
PIPR	B	0.07%	0.38%	0.07%
PJT	B	0.09%	0.28%	0.09%
PLAY	C	0.06%	0.1%	0.06%
PLMR	C	0.08%	0.2%	0.08%
PLUS	C	0.07%	0.2%	0.07%
PLXS	B	0.17%	0.34%	0.17%
POWL	B	0.1%	0.23%	0.1%
PPBI	B	0.06%	0.0%	0.0%
PRAA	C	0.05%	0.08%	0.05%
PRG	C	0.05%	0.16%	0.05%
PRGS	A	0.23%	0.23%	0.23%
PRVA	B	0.07%	0.17%	0.07%
PSMT	C	0.05%	0.18%	0.05%
PTGX	B	0.06%	0.23%	0.06%
QDEL	F	0.04%	0.19%	0.04%
RAMP	C	0.05%	0.14%	0.05%
RCUS	D	0.04%	0.07%	0.04%
RDN	D	0.09%	0.41%	0.09%
RDNT	B	0.09%	0.37%	0.09%
REZI	B	0.19%	0.25%	0.19%
RHI	B	0.2%	0.59%	0.2%
RNST	B	0.08%	0.0%	0.0%
ROCK	D	0.06%	0.18%	0.06%
ROG	C	0.07%	0.15%	0.07%
RUN	F	0.08%	0.31%	0.08%
RUSHA	B	0.05%	0.31%	0.05%
SATS	C	0.06%	0.25%	0.06%
SBH	C	0.05%	0.11%	0.05%
SCL	D	0.1%	0.13%	0.1%
SEDG	F	0.03%	0.09%	0.03%
SEE	C	0.07%	0.0%	0.0%
SEM	B	0.07%	0.33%	0.07%
SFBS	B	0.06%	0.36%	0.06%
SHAK	B	0.09%	0.42%	0.09%
SHOO	D	0.12%	0.27%	0.12%
SIG	B	0.1%	0.34%	0.1%
SITC	F	0.03%	0.06%	0.03%
SJW	F	0.1%	0.14%	0.1%
SKT	A	0.06%	0.31%	0.06%
SLG	A	0.11%	0.42%	0.11%
SLVM	B	0.06%	0.25%	0.06%
SMP	C	0.05%	0.06%	0.05%
SMPL	C	0.05%	0.26%	0.05%
SMTC	A	0.06%	0.29%	0.06%
SNDR	B	0.19%	0.11%	0.11%
SONO	C	0.07%	0.14%	0.07%
SPSC	F	0.16%	0.53%	0.16%
SPXC	C	0.17%	0.6%	0.17%
STAA	F	0.04%	0.12%	0.04%
STC	D	0.08%	0.0%	0.0%
SXT	B	0.07%	0.27%	0.07%
TBBK	C	0.07%	0.0%	0.0%
TDS	B	0.08%	0.23%	0.08%
TGI	C	0.05%	0.09%	0.05%
THRM	F	0.05%	0.12%	0.05%
THS	F	0.05%	0.14%	0.05%
TILE	B	0.08%	0.12%	0.08%
TNC	F	0.05%	0.14%	0.05%
TNDM	F	0.05%	0.18%	0.05%
TPH	D	0.14%	0.33%	0.14%
TRN	B	0.09%	0.23%	0.09%
UCB	B	0.04%	0.0%	0.0%
UFPT	C	0.06%	0.2%	0.06%
UNFI	B	0.08%	0.1%	0.08%
UNIT	B	0.09%	0.11%	0.09%
UPBD	C	0.06%	0.13%	0.06%
VBTX	B	0.06%	0.0%	0.0%
VECO	F	0.11%	0.14%	0.11%
VFC	B	0.2%	0.59%	0.2%
VRRM	F	0.06%	0.32%	0.06%
VRTS	B	0.05%	0.12%	0.05%
VSAT	F	0.03%	0.07%	0.03%
VSCO	A	0.06%	0.21%	0.06%
VVI	B	0.06%	0.07%	0.06%
VYX	C	0.05%	0.16%	0.05%
WD	B	0.07%	0.3%	0.07%
WDFC	B	0.11%	0.31%	0.11%
WERN	B	0.12%	0.2%	0.12%
WGO	C	0.12%	0.14%	0.12%
WHD	B	0.12%	0.34%	0.12%
WKC	D	0.05%	0.13%	0.05%
WNC	D	0.05%	0.07%	0.05%
WT	B	0.05%	0.1%	0.05%
XHR	B	0.07%	0.12%	0.07%
XPEL	D	0.04%	0.07%	0.04%
XRX	F	0.04%	0.08%	0.04%
YELP	C	0.05%	0.19%	0.05%

ESML Overweight 610 Positions Relative to XJR

Symbol	Grade	Weight
CASY	A	0.52%
JHG	B	0.49%
CVNA	B	0.48%
USFD	A	0.48%
INGR	B	0.45%
SFM	A	0.43%
GWRE	A	0.43%
KBR	B	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	B	0.33%
FRT	C	0.32%
XPO	B	0.32%
RGLD	C	0.32%
OGS	C	0.31%
EHC	A	0.3%
RGA	C	0.29%
OSK	B	0.29%
IBKR	B	0.29%
BLD	F	0.28%
SUM	B	0.28%
BWXT	C	0.28%
SNV	B	0.28%
ITT	B	0.28%
R	B	0.28%
GBCI	B	0.28%
AVT	B	0.28%
CNX	A	0.27%
BJ	B	0.27%
DTM	A	0.27%
PNFP	B	0.27%
GPK	D	0.27%
SAIA	C	0.27%
COHR	A	0.27%
SCI	B	0.27%
SIGI	B	0.27%
TOL	B	0.27%
SSB	B	0.26%
WMS	C	0.26%
RNR	C	0.26%
NTRA	C	0.26%
AXTA	A	0.26%
ATR	A	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	B	0.25%
WBS	B	0.24%
MWA	B	0.24%
ARMK	B	0.24%
CNM	C	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%
MOG.A	B	0.23%
ONTO	F	0.23%
UNM	B	0.23%
CDP	C	0.23%
MTG	D	0.23%
KBH	D	0.22%
FND	F	0.22%
FTAI	A	0.22%
GNRC	A	0.22%
WCC	B	0.22%
AAON	B	0.22%
ENSG	C	0.22%
PRI	B	0.22%
CUZ	B	0.22%
AA	B	0.21%
HAS	D	0.21%
FHN	B	0.21%
WAL	B	0.21%
SRPT	D	0.21%
NFG	C	0.21%
ZWS	B	0.21%
CBSH	B	0.21%
HHH	B	0.21%
INSM	D	0.21%
CMC	B	0.21%
LAD	B	0.21%
LSTR	C	0.21%
CVLT	A	0.21%
CUBE	D	0.21%
EGP	F	0.21%
NJR	C	0.21%
MTN	F	0.2%
FCN	F	0.2%
FRPT	B	0.2%
TTEK	C	0.2%
LECO	C	0.2%
HOG	F	0.2%
OHI	C	0.2%
AFRM	B	0.2%
PCTY	B	0.2%
LNW	C	0.2%
HRB	C	0.2%
BDC	B	0.2%
AR	D	0.2%
WTS	C	0.2%
GME	C	0.19%
CNO	B	0.19%
WK	C	0.19%
NVT	B	0.19%
ENLC	A	0.19%
WHR	B	0.19%
AVA	D	0.19%
WWD	B	0.19%
RHP	B	0.19%
WSC	C	0.19%
RLI	B	0.19%
DAR	C	0.19%
NOVT	B	0.19%
CR	B	0.19%
OMF	B	0.19%
DUOL	B	0.18%
PR	C	0.18%
PCH	D	0.18%
TMHC	A	0.18%
NYT	B	0.18%
MTZ	B	0.18%
WING	F	0.18%
BWA	C	0.18%
CIEN	A	0.18%
AMG	C	0.18%
SOFI	B	0.18%
ZION	B	0.18%
AXS	B	0.18%
MORN	B	0.18%
TGNA	B	0.18%
KNSL	D	0.18%
RGEN	D	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	B	0.17%
MSA	F	0.17%
SITE	C	0.17%
MDU	F	0.17%
PEN	C	0.17%
DBX	C	0.16%
VOYA	B	0.16%
WFRD	F	0.16%
FLS	B	0.16%
FAF	D	0.16%
UBSI	B	0.16%
LSCC	C	0.16%
FN	B	0.16%
CROX	F	0.16%
BRX	B	0.16%
CHX	D	0.16%
SF	B	0.16%
ITCI	B	0.16%
ESTC	C	0.16%
GXO	B	0.16%
KNTK	B	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	F	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	B	0.15%
LNTH	D	0.15%
RRX	B	0.15%
CRUS	F	0.15%
SR	D	0.14%
VKTX	C	0.14%
ECG	C	0.14%
RMBS	C	0.14%
CHDN	B	0.14%
CFLT	C	0.14%
RYAN	B	0.14%
ESI	A	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	A	0.13%
ORI	B	0.13%
HALO	C	0.13%
MUR	F	0.13%
M	C	0.13%
IBCP	B	0.13%
HESM	C	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	A	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	B	0.12%
YETI	D	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	C	0.11%
TRNO	F	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	B	0.11%
ALTM	C	0.11%
ORA	A	0.11%
ADC	D	0.11%
FLR	B	0.11%
STRL	A	0.11%
FIVE	D	0.11%
IMAX	B	0.1%
TDC	F	0.1%
INSP	D	0.1%
PRCT	B	0.1%
WEN	C	0.1%
JEF	B	0.1%
NXST	B	0.1%
ZI	C	0.1%
VC	F	0.1%
CRC	B	0.1%
AMAL	B	0.1%
FA	D	0.1%
ERII	A	0.1%
RVMD	B	0.1%
BILL	C	0.1%
RXO	C	0.1%
HCP	A	0.1%
DNLI	C	0.1%
DRS	A	0.1%
U	C	0.1%
SSD	C	0.1%
TXRH	B	0.1%
PEGA	B	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	C	0.09%
MGRC	B	0.09%
RL	B	0.09%
CFR	B	0.09%
VNO	A	0.09%
SLAB	D	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	C	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	D	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	B	0.08%
SNX	B	0.08%
TEX	C	0.08%
LBPH	A	0.08%
TARS	B	0.08%
PI	C	0.08%
LITE	A	0.08%
RKLB	B	0.08%
HWC	B	0.08%
MTSI	A	0.08%
MNKD	B	0.07%
CART	B	0.07%
XRAY	F	0.07%
VITL	D	0.07%
MAN	F	0.07%
CLF	C	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	B	0.07%
PDM	B	0.07%
GT	C	0.07%
COLM	C	0.07%
COMP	B	0.07%
CCCS	C	0.07%
DOCS	B	0.07%
VRDN	B	0.07%
VAC	B	0.07%
VCTR	B	0.07%
TNET	F	0.07%
LBRDK	B	0.07%
INTA	A	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	A	0.07%
IESC	B	0.07%
PLYA	B	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	A	0.06%
CIVI	D	0.06%
CC	C	0.06%
PTCT	B	0.06%
PLUG	F	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%
SM	C	0.06%
PYCR	C	0.06%
JWN	C	0.06%
VERX	B	0.06%
MOV	D	0.06%
EXPO	D	0.06%
OWL	B	0.06%
FIVN	D	0.06%
JANX	C	0.06%
FROG	C	0.06%
ADMA	C	0.06%
EWCZ	D	0.06%
FFIN	B	0.06%
KVYO	D	0.06%
TALO	D	0.06%
PNTG	D	0.06%
ELVN	B	0.06%
FOUR	B	0.06%
BYD	B	0.06%
VREX	C	0.06%
TDOC	D	0.06%
APG	B	0.06%
HELE	D	0.06%
PK	D	0.06%
EE	B	0.06%
POWI	C	0.06%
HGV	C	0.06%
MBUU	C	0.06%
MDGL	B	0.06%
AVPT	A	0.06%
IRON	C	0.06%
HURN	B	0.06%
OII	B	0.06%
RCM	B	0.06%
MASI	B	0.06%
ROIV	D	0.06%
KROS	B	0.06%
IDYA	F	0.06%
VRNS	D	0.06%
CMP	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	D	0.05%
KLG	C	0.05%
MLTX	C	0.05%
IMVT	D	0.05%
ZEUS	D	0.05%
FLO	F	0.05%
ASAN	C	0.05%
PLOW	D	0.05%
WOLF	F	0.05%
BEAM	D	0.05%
MMS	C	0.05%
LGF.A	C	0.05%
BBIO	F	0.05%
BE	D	0.05%
LOPE	A	0.05%
NEP	F	0.05%
ACEL	C	0.05%
ASH	F	0.05%
CAR	D	0.05%
VSTS	F	0.05%
NEOG	C	0.05%
COGT	D	0.05%
REVG	C	0.05%
FLG	F	0.05%
CDE	C	0.05%
MRC	B	0.05%
FRSH	C	0.05%
BNL	D	0.05%
SIBN	C	0.05%
SNDX	C	0.05%
AGIO	A	0.05%
KMPR	B	0.05%
TGTX	B	0.05%
LEVI	F	0.05%
HL	D	0.05%
INFA	C	0.05%
MTTR	B	0.05%
ETNB	C	0.05%
IONS	F	0.05%
AVDX	C	0.05%
UAA	B	0.05%
SHC	D	0.05%
PGRE	C	0.05%
OSCR	F	0.05%
ARVN	C	0.05%
RYN	C	0.05%
TROX	F	0.05%
PLRX	C	0.05%
FLYW	C	0.05%
ARKO	C	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	A	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	D	0.05%
EMBC	C	0.05%
ARWR	D	0.05%
CBZ	B	0.05%
ZUO	B	0.05%
AXSM	C	0.05%
PBF	F	0.05%
RXST	D	0.05%
CSTL	B	0.05%
ACVA	C	0.05%
HCC	A	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	F	0.04%
SVRA	D	0.04%
NUVB	D	0.04%
MEG	F	0.04%
SPT	D	0.04%
CCRN	F	0.04%
HOUS	F	0.04%
CLDX	F	0.04%
CRI	F	0.04%
BRZE	D	0.04%
SWTX	F	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%
CLW	F	0.04%
DYN	F	0.04%
PTEN	D	0.04%
FTRE	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	F	0.04%
KRYS	C	0.04%
PGNY	F	0.04%
NVCR	C	0.04%
RXRX	D	0.04%
ANAB	F	0.03%
AGL	F	0.03%
ASPN	F	0.03%
MQ	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 247 Positions Relative to XJR

Symbol	Grade	Weight
MLI	B	-0.8%
MATX	B	-0.45%
CTRE	C	-0.43%
CORT	B	-0.4%
SKYW	B	-0.35%
SANM	B	-0.34%
CVCO	B	-0.32%
GMS	B	-0.31%
PBH	B	-0.31%
STEP	B	-0.31%
IIPR	D	-0.31%
DORM	B	-0.31%
IAC	C	-0.3%
MSGS	A	-0.3%
OTTR	C	-0.29%
APLE	B	-0.28%
SITM	A	-0.28%
FHB	B	-0.27%
DIOD	D	-0.24%
TDW	F	-0.24%
CNS	B	-0.23%
UNF	C	-0.23%
WAFD	C	-0.23%
UE	B	-0.23%
CARG	B	-0.23%
ACLS	F	-0.23%
HUBG	B	-0.23%
FCPT	D	-0.22%
GSHD	B	-0.22%
VIRT	B	-0.22%
AKR	B	-0.22%
JJSF	B	-0.22%
GFF	C	-0.22%
SNEX	B	-0.22%
PATK	D	-0.22%
PRK	B	-0.21%
ENVA	B	-0.2%
KWR	D	-0.19%
IPAR	C	-0.19%
LGIH	D	-0.19%
ASTH	B	-0.19%
TTMI	A	-0.19%
SHO	B	-0.18%
ROIC	A	-0.18%
B	B	-0.18%
STRA	D	-0.18%
OSIS	C	-0.18%
VIAV	B	-0.18%
BANF	B	-0.18%
VCEL	B	-0.18%
SXI	B	-0.18%
EXTR	B	-0.17%
JOE	F	-0.17%
LMAT	B	-0.17%
LGND	A	-0.17%
WLY	B	-0.17%
GEO	A	-0.17%
URBN	D	-0.17%
KMT	B	-0.17%
EVTC	D	-0.17%
IBTX	B	-0.17%
OI	D	-0.16%
PZZA	C	-0.16%
SUPN	B	-0.16%
TFIN	B	-0.16%
AMPH	D	-0.16%
APOG	B	-0.15%
JBLU	F	-0.15%
MCY	B	-0.15%
TRIP	D	-0.15%
DRH	B	-0.15%
CENTA	D	-0.14%
UCTT	D	-0.14%
LTC	B	-0.14%
LZB	C	-0.14%
FCF	B	-0.14%
LKFN	B	-0.14%
TRUP	C	-0.14%
FBK	B	-0.14%
FBNC	B	-0.14%
NTCT	B	-0.13%
HOPE	B	-0.13%
PLAB	C	-0.13%
GNL	D	-0.13%
NGVT	C	-0.13%
GTY	C	-0.13%
KN	B	-0.13%
ADEA	A	-0.12%
ALEX	B	-0.12%
NX	C	-0.12%
CHEF	C	-0.12%
HTH	C	-0.12%
DVAX	C	-0.12%
ELME	D	-0.12%
NHC	C	-0.12%
EXPI	C	-0.11%
HRMY	D	-0.11%
SABR	C	-0.11%
COHU	C	-0.11%
STEL	B	-0.11%
MD	B	-0.11%
BKE	B	-0.11%
KW	B	-0.11%
XNCR	C	-0.11%
VRE	B	-0.11%
WABC	B	-0.11%
PMT	D	-0.1%
QNST	C	-0.1%
SAFT	C	-0.1%
BLMN	D	-0.1%
MSEX	B	-0.1%
TWO	F	-0.1%
VICR	B	-0.1%
GIII	B	-0.1%
WOR	D	-0.1%
KALU	C	-0.1%
USPH	C	-0.1%
WWW	A	-0.1%
NVEE	B	-0.1%
SPNT	D	-0.1%
BFH	B	-0.1%
SCSC	C	-0.09%
MCRI	B	-0.09%
DAN	F	-0.09%
EFC	D	-0.09%
ODP	F	-0.09%
AMSF	B	-0.09%
DCOM	B	-0.09%
CBRL	C	-0.09%
CSR	C	-0.09%
FBRT	B	-0.09%
INVA	B	-0.09%
COLL	F	-0.09%
CENX	B	-0.09%
OXM	F	-0.09%
FDP	B	-0.09%
NAVI	F	-0.09%
CERT	F	-0.09%
FIZZ	B	-0.09%
RC	F	-0.09%
ARI	F	-0.09%
AVNS	F	-0.08%
UTL	D	-0.08%
ARR	D	-0.08%
BLFS	B	-0.08%
SBSI	C	-0.08%
SXC	B	-0.08%
NXRT	C	-0.08%
SAFE	F	-0.08%
ANIP	F	-0.08%
RWT	D	-0.08%
MRTN	C	-0.08%
ALGT	C	-0.08%
HCI	B	-0.08%
AHCO	F	-0.08%
JACK	D	-0.08%
CARS	D	-0.08%
LPG	F	-0.08%
BRKL	B	-0.08%
SDGR	D	-0.08%
CFFN	B	-0.07%
BSIG	B	-0.07%
BJRI	C	-0.07%
DXPE	B	-0.07%
EGBN	B	-0.07%
ASIX	B	-0.07%
PCRX	D	-0.07%
SSTK	D	-0.07%
HCSG	B	-0.07%
TMP	B	-0.07%
CNXN	C	-0.07%
SAH	B	-0.07%
PARR	F	-0.07%
VTOL	C	-0.07%
HSII	B	-0.07%
MATV	F	-0.07%
VIR	C	-0.07%
PRLB	B	-0.07%
MGPI	F	-0.06%
FWRD	C	-0.06%
BGS	F	-0.06%
MATW	C	-0.06%
NBR	C	-0.06%
HSTM	A	-0.06%
REX	C	-0.06%
SWI	B	-0.06%
SPTN	F	-0.06%
TTGT	C	-0.06%
MCW	B	-0.06%
JBSS	F	-0.06%
HAYN	A	-0.06%
IIIN	F	-0.05%
NVRI	F	-0.05%
CVI	F	-0.05%
SNCY	C	-0.05%
CEVA	B	-0.05%
CTKB	C	-0.05%
SCHL	F	-0.05%
GDEN	F	-0.05%
WSR	B	-0.05%
SCVL	D	-0.05%
ETD	F	-0.05%
IRWD	D	-0.05%
AOSL	F	-0.05%
INN	D	-0.05%
MLAB	D	-0.05%
SHEN	F	-0.05%
USNA	C	-0.04%
MYE	F	-0.04%
UFCS	B	-0.04%
HTLD	C	-0.04%
SLP	F	-0.04%
BFS	B	-0.04%
GES	F	-0.04%
SVC	F	-0.04%
TR	C	-0.04%
LQDT	B	-0.04%
THRY	F	-0.04%
NYMT	F	-0.04%
UHT	D	-0.04%
CRSR	D	-0.03%
TWI	F	-0.03%
CENT	D	-0.03%
CNSL	A	-0.03%
HTZ	F	-0.03%
WRLD	C	-0.03%
RGNX	D	-0.03%
TRST	B	-0.0%
PFBC	B	-0.0%
PRA	B	-0.0%
HFWA	B	-0.0%
EIG	B	-0.0%
PRDO	B	-0.0%
STBA	C	-0.0%
HMN	B	-0.0%
NWBI	B	-0.0%
CHCO	B	-0.0%
CASH	B	-0.0%
OFG	C	-0.0%
TRMK	B	-0.0%
ABR	B	-0.0%
SBCF	B	-0.0%
GNW	C	-0.0%
SFNC	B	-0.0%
WSFS	B	-0.0%
CATY	B	-0.0%
AX	B	-0.0%