SMLF vs. ESML ETF Comparison

Comparison of iShares FactorSelect MSCI USA Small-Cap ETF (SMLF) to iShares MSCI USA Small-Cap ESG Optimized ETF (ESML)

SMLF

iShares FactorSelect MSCI USA Small-Cap ETF

SMLF Description

The investment seeks to track the investment results of the MSCI USA Small Cap Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The underlying index is designed to select equity securities from MSCI USA Small Cap Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$69.75

Average Daily Volume

68,097

Number of Holdings ^*

810

* may have additional holdings in another (foreign) market

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

$43.40

Average Daily Volume

104,060

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

Performance

Period	SMLF	ESML
30 Days	2.66%	1.54%
60 Days	4.97%	3.53%
90 Days	10.09%	8.70%
12 Months	34.46%	29.26%

486 Overlapping Holdings

Symbol	Grade	Weight in SMLF	Weight in ESML	Overlap
AA	A	0.13%	0.19%	0.13%
ABG	B	0.15%	0.12%	0.12%
ACA	A	0.1%	0.14%	0.1%
ACHC	F	0.04%	0.09%	0.04%
ACLX	C	0.17%	0.08%	0.08%
ADMA	C	0.06%	0.06%	0.06%
ADT	B	0.03%	0.12%	0.03%
AEIS	B	0.01%	0.17%	0.01%
AEO	F	0.05%	0.08%	0.05%
AFRM	A	0.07%	0.23%	0.07%
AGCO	D	0.2%	0.13%	0.13%
AGNC	C	0.16%	0.12%	0.12%
AGO	A	0.27%	0.06%	0.06%
AGYS	A	0.04%	0.05%	0.04%
AIT	A	0.12%	0.13%	0.12%
ALHC	C	0.03%	0.07%	0.03%
ALKS	C	0.3%	0.1%	0.1%
ALRM	C	0.03%	0.05%	0.03%
ALSN	A	0.56%	0.26%	0.26%
AM	A	0.37%	0.15%	0.15%
AMBC	C	0.05%	0.05%	0.05%
AMG	B	0.23%	0.19%	0.19%
AMN	F	0.03%	0.04%	0.03%
AN	D	0.24%	0.07%	0.07%
ANAB	F	0.04%	0.03%	0.03%
ANF	C	0.3%	0.15%	0.15%
APG	C	0.09%	0.06%	0.06%
APLS	F	0.05%	0.03%	0.03%
APPF	C	0.06%	0.11%	0.06%
AR	B	0.21%	0.22%	0.21%
ARCB	C	0.02%	0.05%	0.02%
ARCT	F	0.02%	0.04%	0.02%
AROC	A	0.12%	0.1%	0.1%
ARW	D	0.18%	0.09%	0.09%
ARWR	D	0.04%	0.05%	0.04%
ASAN	C	0.05%	0.05%	0.05%
ASB	B	0.1%	0.17%	0.1%
ASGN	F	0.01%	0.14%	0.01%
ASH	F	0.07%	0.04%	0.04%
ATEN	A	0.09%	0.06%	0.06%
ATI	D	0.14%	0.14%	0.14%
ATKR	C	0.2%	0.09%	0.09%
ATRC	C	0.03%	0.07%	0.03%
AVAV	C	0.05%	0.13%	0.05%
AVDX	B	0.06%	0.06%	0.06%
AVNT	A	0.18%	0.07%	0.07%
AWR	A	0.12%	0.05%	0.05%
AXS	A	0.01%	0.19%	0.01%
AXSM	B	0.22%	0.06%	0.06%
AXTA	A	0.03%	0.27%	0.03%
AYI	B	0.35%	0.34%	0.34%
AZEK	B	0.06%	0.13%	0.06%
BASE	C	0.12%	0.05%	0.05%
BBIO	F	0.03%	0.04%	0.03%
BC	D	0.09%	0.07%	0.07%
BCC	A	0.22%	0.16%	0.16%
BCPC	A	0.04%	0.13%	0.04%
BDC	B	0.08%	0.2%	0.08%
BDN	D	0.13%	0.07%	0.07%
BEAM	D	0.05%	0.05%	0.05%
BECN	A	0.1%	0.14%	0.1%
BERY	C	0.1%	0.17%	0.1%
BILL	B	0.04%	0.14%	0.04%
BJ	B	0.16%	0.25%	0.16%
BKD	F	0.03%	0.04%	0.03%
BKU	A	0.0%	0.06%	0.0%
BL	C	0.16%	0.08%	0.08%
BLD	F	0.21%	0.26%	0.21%
BLKB	C	0.13%	0.12%	0.12%
BMI	C	0.16%	0.3%	0.16%
BOH	B	0.0%	0.08%	0.0%
BOX	B	0.08%	0.13%	0.08%
BPMC	C	0.13%	0.08%	0.08%
BPOP	D	0.53%	0.08%	0.08%
BRBR	A	0.06%	0.1%	0.06%
BRC	C	0.17%	0.09%	0.09%
BRKR	F	0.14%	0.13%	0.13%
BRX	A	0.37%	0.16%	0.16%
BRY	F	0.02%	0.03%	0.02%
BRZE	C	0.13%	0.04%	0.04%
BWXT	B	0.13%	0.3%	0.13%
BYD	B	0.01%	0.06%	0.01%
CACI	C	0.02%	0.21%	0.02%
CAKE	B	0.01%	0.06%	0.01%
CAL	F	0.08%	0.04%	0.04%
CALX	F	0.02%	0.05%	0.02%
CAR	C	0.09%	0.06%	0.06%
CASY	B	0.06%	0.52%	0.06%
CAVA	C	0.34%	0.13%	0.13%
CBSH	A	0.24%	0.23%	0.23%
CBT	C	0.12%	0.13%	0.12%
CC	C	0.06%	0.05%	0.05%
CDP	C	0.03%	0.21%	0.03%
CFR	B	0.25%	0.1%	0.1%
CGEM	F	0.03%	0.04%	0.03%
CHDN	C	0.1%	0.14%	0.1%
CHE	D	0.3%	0.14%	0.14%
CHWY	B	0.03%	0.08%	0.03%
CHX	C	0.11%	0.17%	0.11%
CIEN	B	0.03%	0.19%	0.03%
CLH	C	0.07%	0.06%	0.06%
CLVT	F	0.02%	0.05%	0.02%
CMA	B	0.0%	0.21%	0.0%
CMC	B	0.14%	0.22%	0.14%
CNM	C	0.36%	0.22%	0.22%
CNMD	C	0.07%	0.05%	0.05%
CNO	A	0.16%	0.2%	0.16%
CNX	A	0.06%	0.28%	0.06%
COKE	D	0.22%	0.06%	0.06%
COOP	B	0.41%	0.05%	0.05%
COUR	F	0.09%	0.04%	0.04%
CPRX	C	0.24%	0.05%	0.05%
CR	B	0.35%	0.19%	0.19%
CRAI	B	0.01%	0.05%	0.01%
CRC	A	0.1%	0.1%	0.1%
CRDO	C	0.1%	0.12%	0.1%
CROX	F	0.19%	0.15%	0.15%
CRS	A	0.09%	0.15%	0.09%
CRSP	D	0.02%	0.08%	0.02%
CRUS	F	0.11%	0.15%	0.11%
CUBE	C	0.11%	0.2%	0.11%
CUBI	B	0.09%	0.05%	0.05%
CUZ	B	0.08%	0.21%	0.08%
CVBF	A	0.05%	0.12%	0.05%
CVLT	B	0.08%	0.22%	0.08%
CVNA	A	0.46%	0.48%	0.46%
CW	B	0.23%	0.23%	0.23%
CWEN	C	0.15%	0.07%	0.07%
CWEN	C	0.15%	0.05%	0.05%
CWK	B	0.01%	0.07%	0.01%
CYTK	D	0.11%	0.13%	0.11%
DCI	B	0.18%	0.25%	0.18%
DEI	B	0.0%	0.02%	0.0%
DFIN	D	0.11%	0.12%	0.11%
DLX	A	0.08%	0.06%	0.06%
DNLI	C	0.2%	0.1%	0.1%
DNOW	B	0.1%	0.05%	0.05%
DOCN	F	0.02%	0.05%	0.02%
DOCS	B	0.15%	0.08%	0.08%
DTM	A	0.2%	0.28%	0.2%
DUOL	B	0.44%	0.18%	0.18%
DY	C	0.02%	0.1%	0.02%
DYN	F	0.02%	0.04%	0.02%
EDR	A	0.02%	0.05%	0.02%
EGP	D	0.09%	0.21%	0.09%
EHC	B	0.05%	0.29%	0.05%
ELAN	D	0.08%	0.16%	0.08%
ELF	C	0.2%	0.13%	0.13%
EMBC	C	0.03%	0.05%	0.03%
ENR	A	0.01%	0.07%	0.01%
ENSG	D	0.14%	0.2%	0.14%
EPAC	B	0.07%	0.13%	0.07%
EPC	D	0.01%	0.04%	0.01%
EPR	D	0.02%	0.05%	0.02%
ESI	B	0.15%	0.14%	0.14%
ESTC	C	0.26%	0.17%	0.17%
ETSY	D	0.2%	0.1%	0.1%
EVR	B	0.81%	0.12%	0.12%
EVRI	A	0.02%	0.08%	0.02%
EWBC	A	0.39%	0.4%	0.39%
EXLS	B	0.23%	0.23%	0.23%
EXPO	D	0.09%	0.06%	0.06%
FAF	C	0.16%	0.16%	0.16%
FBP	B	0.0%	0.2%	0.0%
FCN	F	0.04%	0.19%	0.04%
FFIN	A	0.05%	0.06%	0.05%
FHN	A	0.04%	0.23%	0.04%
FIVN	C	0.08%	0.07%	0.07%
FIX	A	0.44%	0.38%	0.38%
FL	F	0.03%	0.06%	0.03%
FLEX	B	0.31%	0.33%	0.31%
FLG	D	0.09%	0.05%	0.05%
FLO	D	0.06%	0.04%	0.04%
FLR	B	0.08%	0.1%	0.08%
FLYW	B	0.04%	0.06%	0.04%
FN	C	0.06%	0.17%	0.06%
FR	D	0.31%	0.09%	0.09%
FROG	C	0.18%	0.06%	0.06%
FSS	B	0.02%	0.15%	0.02%
FTAI	A	0.15%	0.24%	0.15%
FULT	A	0.0%	0.12%	0.0%
FUN	B	0.06%	0.06%	0.06%
FYBR	C	0.13%	0.13%	0.13%
GAP	C	0.23%	0.12%	0.12%
GATX	A	0.15%	0.17%	0.15%
GDOT	D	0.0%	0.01%	0.0%
GEF	A	0.01%	0.05%	0.01%
GEF	A	0.01%	0.05%	0.01%
GH	B	0.19%	0.07%	0.07%
GKOS	B	0.07%	0.18%	0.07%
GME	C	0.16%	0.21%	0.16%
GMED	A	0.03%	0.11%	0.03%
GNRC	B	0.15%	0.22%	0.15%
GO	C	0.01%	0.05%	0.01%
GPI	B	0.22%	0.19%	0.19%
GPK	D	0.26%	0.26%	0.26%
GTLB	C	0.39%	0.15%	0.15%
GWRE	A	0.01%	0.43%	0.01%
HAE	B	0.2%	0.12%	0.12%
HAIN	F	0.01%	0.05%	0.01%
HALO	D	0.24%	0.11%	0.11%
HAS	D	0.19%	0.19%	0.19%
HASI	F	0.07%	0.1%	0.07%
HCC	B	0.06%	0.05%	0.05%
HELE	C	0.04%	0.06%	0.04%
HI	C	0.09%	0.07%	0.07%
HIMS	C	0.1%	0.07%	0.07%
HIW	D	0.18%	0.13%	0.13%
HNI	B	0.03%	0.15%	0.03%
HOG	D	0.15%	0.2%	0.15%
HOUS	D	0.05%	0.04%	0.04%
HPP	F	0.04%	0.04%	0.04%
HQY	A	0.01%	0.16%	0.01%
HRB	D	0.4%	0.19%	0.19%
HURN	B	0.25%	0.06%	0.06%
HWC	B	0.08%	0.09%	0.08%
HWKN	B	0.06%	0.07%	0.06%
HXL	F	0.01%	0.14%	0.01%
IBKR	A	0.45%	0.32%	0.32%
IBOC	A	0.11%	0.06%	0.06%
IBP	F	0.04%	0.09%	0.04%
ICFI	F	0.1%	0.08%	0.08%
IDCC	A	0.09%	0.14%	0.09%
IESC	B	0.03%	0.08%	0.03%
INSM	D	0.1%	0.21%	0.1%
INSP	F	0.12%	0.08%	0.08%
INTA	B	0.27%	0.08%	0.08%
IONS	F	0.14%	0.05%	0.05%
IOSP	C	0.04%	0.08%	0.04%
ITCI	B	0.06%	0.15%	0.06%
ITGR	B	0.05%	0.13%	0.05%
ITRI	B	0.05%	0.2%	0.05%
ITT	A	0.31%	0.28%	0.28%
IVR	D	0.03%	0.04%	0.03%
IVZ	B	0.1%	0.24%	0.1%
JAMF	F	0.01%	0.04%	0.01%
JANX	C	0.03%	0.05%	0.03%
JEF	A	0.4%	0.11%	0.11%
JELD	F	0.02%	0.03%	0.02%
JHG	A	0.31%	0.51%	0.31%
JXN	B	0.0%	0.14%	0.0%
KBR	D	0.12%	0.35%	0.12%
KD	A	0.06%	0.1%	0.06%
KFY	B	0.02%	0.09%	0.02%
KLG	D	0.04%	0.05%	0.04%
KLIC	C	0.1%	0.13%	0.1%
KNF	B	0.07%	0.13%	0.07%
KNSL	B	0.18%	0.2%	0.18%
KOS	D	0.05%	0.12%	0.05%
KRC	C	0.12%	0.11%	0.11%
KREF	D	0.04%	0.06%	0.04%
KSS	F	0.08%	0.05%	0.05%
KVYO	C	0.02%	0.05%	0.02%
LAZ	B	0.11%	0.17%	0.11%
LBRDA	C	0.4%	0.11%	0.11%
LECO	C	0.05%	0.2%	0.05%
LFUS	D	0.05%	0.14%	0.05%
LIVN	C	0.2%	0.05%	0.05%
LNTH	F	0.17%	0.1%	0.1%
LNW	F	0.17%	0.19%	0.17%
LPX	A	0.41%	0.17%	0.17%
LRN	A	0.16%	0.13%	0.13%
LSCC	D	0.23%	0.15%	0.15%
LSTR	D	0.1%	0.21%	0.1%
LUMN	C	0.2%	0.19%	0.19%
LXP	D	0.07%	0.06%	0.06%
LYFT	B	0.1%	0.11%	0.1%
M	D	0.19%	0.13%	0.13%
MAC	A	0.31%	0.08%	0.08%
MAGN	F	0.0%	0.01%	0.0%
MAN	F	0.04%	0.06%	0.04%
MASI	B	0.08%	0.06%	0.06%
MAT	D	0.12%	0.13%	0.12%
MC	B	0.0%	0.02%	0.0%
MDGL	C	0.11%	0.05%	0.05%
MDU	D	0.04%	0.18%	0.04%
MEDP	D	0.38%	0.15%	0.15%
MGNI	B	0.03%	0.06%	0.03%
MKSI	C	0.08%	0.14%	0.08%
MMS	D	0.04%	0.04%	0.04%
MMSI	A	0.14%	0.15%	0.14%
MOD	C	0.25%	0.15%	0.15%
MOG.A	B	0.03%	0.24%	0.03%
MPW	F	0.06%	0.05%	0.05%
MRC	B	0.09%	0.05%	0.05%
MSA	D	0.02%	0.17%	0.02%
MTG	C	0.09%	0.23%	0.09%
MTN	C	0.09%	0.2%	0.09%
MTRN	C	0.1%	0.06%	0.06%
MTSI	B	0.09%	0.09%	0.09%
MUR	D	0.19%	0.13%	0.13%
NARI	B	0.07%	0.06%	0.06%
NBTB	B	0.0%	0.06%	0.0%
NFG	A	0.13%	0.2%	0.13%
NJR	A	0.14%	0.21%	0.14%
NOV	D	0.12%	0.15%	0.12%
NOVT	D	0.14%	0.19%	0.14%
NSIT	F	0.06%	0.13%	0.06%
NTLA	F	0.01%	0.04%	0.01%
NTNX	B	0.56%	0.36%	0.36%
NTRA	B	0.4%	0.31%	0.31%
NUVL	D	0.13%	0.05%	0.05%
NVST	C	0.06%	0.06%	0.06%
NVT	C	0.49%	0.19%	0.19%
NWL	B	0.02%	0.1%	0.02%
NWN	A	0.01%	0.07%	0.01%
NXST	D	0.07%	0.09%	0.07%
NXT	C	0.06%	0.1%	0.06%
NYT	D	0.12%	0.18%	0.12%
OGS	A	0.13%	0.31%	0.13%
OHI	C	0.09%	0.19%	0.09%
OII	B	0.11%	0.06%	0.06%
OLED	F	0.03%	0.08%	0.03%
OMF	A	0.16%	0.2%	0.16%
OMI	F	0.04%	0.04%	0.04%
ONTO	F	0.15%	0.21%	0.15%
OPCH	F	0.08%	0.09%	0.08%
ORI	A	0.41%	0.13%	0.13%
OSCR	D	0.08%	0.04%	0.04%
OUT	A	0.04%	0.07%	0.04%
OZK	A	0.08%	0.14%	0.08%
PATH	D	0.05%	0.11%	0.05%
PBF	D	0.02%	0.06%	0.02%
PCH	D	0.01%	0.17%	0.01%
PCOR	C	0.42%	0.17%	0.17%
PCTY	B	0.14%	0.2%	0.14%
PCVX	D	0.09%	0.21%	0.09%
PD	C	0.08%	0.05%	0.05%
PDCO	D	0.02%	0.13%	0.02%
PDM	D	0.17%	0.06%	0.06%
PEB	F	0.01%	0.06%	0.01%
PEGA	B	0.08%	0.11%	0.08%
PEN	B	0.07%	0.17%	0.07%
PFSI	D	0.04%	0.1%	0.04%
PGRE	D	0.16%	0.05%	0.05%
PI	D	0.14%	0.07%	0.07%
PIPR	A	0.34%	0.08%	0.08%
PK	D	0.05%	0.06%	0.05%
PLNT	A	0.09%	0.2%	0.09%
PLUS	F	0.07%	0.06%	0.06%
PNFP	A	0.1%	0.3%	0.1%
POWI	D	0.01%	0.06%	0.01%
POWL	C	0.38%	0.09%	0.09%
PR	B	0.02%	0.19%	0.02%
PRG	A	0.17%	0.05%	0.05%
PRGO	C	0.04%	0.07%	0.04%
PRGS	B	0.18%	0.24%	0.18%
PRI	A	0.28%	0.23%	0.23%
PRKS	A	0.17%	0.08%	0.08%
PRO	C	0.02%	0.06%	0.02%
PTCT	C	0.02%	0.06%	0.02%
PTEN	C	0.11%	0.04%	0.04%
PVH	C	0.17%	0.16%	0.16%
PYCR	C	0.01%	0.06%	0.01%
QDEL	F	0.03%	0.04%	0.03%
R	B	0.28%	0.29%	0.28%
RAMP	C	0.02%	0.05%	0.02%
RCUS	F	0.04%	0.04%	0.04%
RDN	D	0.06%	0.09%	0.06%
REVG	B	0.03%	0.05%	0.03%
RGEN	F	0.08%	0.16%	0.08%
RGLD	A	0.14%	0.29%	0.14%
RHI	C	0.17%	0.21%	0.17%
RHP	B	0.01%	0.19%	0.01%
RKT	F	0.03%	0.04%	0.03%
RL	B	0.15%	0.09%	0.09%
RLI	A	0.03%	0.2%	0.03%
RMBS	C	0.24%	0.14%	0.14%
RNG	C	0.19%	0.05%	0.05%
RNR	D	0.21%	0.24%	0.21%
ROIV	D	0.01%	0.06%	0.01%
RRC	B	0.19%	0.25%	0.19%
RRX	B	0.2%	0.15%	0.15%
RUSHA	B	0.06%	0.05%	0.05%
RVMD	B	0.04%	0.1%	0.04%
RYAN	B	0.13%	0.14%	0.13%
RYN	D	0.06%	0.05%	0.05%
S	C	0.06%	0.12%	0.06%
SAIA	C	0.12%	0.28%	0.12%
SATS	D	0.12%	0.06%	0.06%
SCI	A	0.14%	0.27%	0.14%
SEE	D	0.0%	0.07%	0.0%
SF	A	0.17%	0.18%	0.17%
SFBS	B	0.13%	0.06%	0.06%
SFM	B	0.6%	0.43%	0.43%
SIG	C	0.26%	0.1%	0.1%
SITC	D	0.02%	0.03%	0.02%
SITE	D	0.05%	0.16%	0.05%
SKT	A	0.24%	0.07%	0.07%
SKY	A	0.15%	0.05%	0.05%
SLAB	F	0.03%	0.09%	0.03%
SLG	B	0.49%	0.1%	0.1%
SLM	A	0.16%	0.16%	0.16%
SLVM	B	0.02%	0.05%	0.02%
SM	C	0.07%	0.06%	0.06%
SMAR	A	0.26%	0.14%	0.14%
SMTC	C	0.05%	0.06%	0.05%
SNDX	F	0.02%	0.04%	0.02%
SNV	B	0.05%	0.3%	0.05%
SOFI	A	0.06%	0.22%	0.06%
SON	D	0.09%	0.11%	0.09%
SONO	C	0.05%	0.07%	0.05%
SPB	C	0.15%	0.08%	0.08%
SPSC	F	0.11%	0.16%	0.11%
SPT	C	0.14%	0.04%	0.04%
SPXC	B	0.3%	0.18%	0.18%
SR	A	0.12%	0.14%	0.12%
SRPT	F	0.2%	0.18%	0.18%
SSB	B	0.02%	0.27%	0.02%
SSD	D	0.14%	0.1%	0.1%
STRL	B	0.29%	0.13%	0.13%
STWD	C	0.06%	0.1%	0.06%
SWTX	C	0.01%	0.05%	0.01%
SWX	A	0.01%	0.13%	0.01%
TARS	B	0.05%	0.08%	0.05%
TBBK	A	0.0%	0.08%	0.0%
TDC	F	0.01%	0.1%	0.01%
TDOC	C	0.18%	0.06%	0.06%
TDS	B	0.04%	0.08%	0.04%
TENB	D	0.08%	0.1%	0.08%
TEX	D	0.19%	0.08%	0.08%
TGNA	B	0.09%	0.2%	0.09%
TGTX	C	0.03%	0.06%	0.03%
THC	C	0.31%	0.23%	0.23%
THO	B	0.13%	0.12%	0.12%
TILE	B	0.05%	0.08%	0.05%
TMHC	B	0.09%	0.17%	0.09%
TNC	F	0.06%	0.05%	0.05%
TNET	F	0.13%	0.08%	0.08%
TNL	A	0.16%	0.16%	0.16%
TOL	B	0.16%	0.27%	0.16%
TPH	D	0.14%	0.14%	0.14%
TPR	A	0.3%	0.29%	0.29%
TPX	A	0.24%	0.14%	0.14%
TREX	C	0.24%	0.07%	0.07%
TRN	A	0.06%	0.1%	0.06%
TTEK	F	0.29%	0.16%	0.16%
TXRH	B	0.07%	0.11%	0.07%
UGI	C	0.1%	0.24%	0.1%
UMBF	B	0.14%	0.27%	0.14%
UNFI	A	0.02%	0.07%	0.02%
UNIT	B	0.07%	0.08%	0.07%
UNM	A	0.0%	0.25%	0.0%
UPBD	C	0.09%	0.06%	0.06%
USFD	B	0.18%	0.49%	0.18%
VAC	C	0.07%	0.08%	0.07%
VC	F	0.08%	0.1%	0.08%
VECO	F	0.1%	0.1%	0.1%
VERA	B	0.09%	0.06%	0.06%
VFC	C	0.08%	0.18%	0.08%
VITL	F	0.03%	0.05%	0.03%
VKTX	F	0.06%	0.11%	0.06%
VMI	B	0.15%	0.13%	0.13%
VNO	C	0.41%	0.09%	0.09%
VNT	C	0.05%	0.15%	0.05%
VOYA	A	0.17%	0.16%	0.16%
VRNS	D	0.1%	0.06%	0.06%
VSTS	F	0.02%	0.05%	0.02%
W	D	0.15%	0.06%	0.06%
WAL	B	0.1%	0.22%	0.1%
WBS	A	0.05%	0.27%	0.05%
WCC	B	0.2%	0.24%	0.2%
WD	D	0.02%	0.06%	0.02%
WEN	C	0.12%	0.09%	0.09%
WEX	F	0.09%	0.25%	0.09%
WFRD	F	0.35%	0.15%	0.15%
WGO	C	0.05%	0.12%	0.05%
WH	B	0.12%	0.15%	0.12%
WING	F	0.36%	0.19%	0.19%
WK	B	0.34%	0.2%	0.2%
WMS	F	0.1%	0.21%	0.1%
WNC	C	0.07%	0.05%	0.05%
WSC	F	0.09%	0.17%	0.09%
WTFC	A	0.02%	0.07%	0.02%
WTM	A	0.16%	0.13%	0.13%
WTS	A	0.12%	0.21%	0.12%
X	C	0.1%	0.14%	0.1%
XHR	B	0.03%	0.07%	0.03%
XPO	B	0.17%	0.33%	0.17%
XPRO	F	0.01%	0.05%	0.01%
XRAY	F	0.2%	0.05%	0.05%
XRX	F	0.18%	0.04%	0.04%
YELP	C	0.06%	0.05%	0.05%
YETI	F	0.08%	0.12%	0.08%
ZION	A	0.24%	0.2%	0.2%
ZUO	B	0.01%	0.05%	0.01%

SMLF Overweight 326 Positions Relative to ESML

Symbol	Grade	Weight
APP	A	1.49%
EME	B	0.94%
MSTR	A	0.73%
DECK	A	0.72%
AXON	A	0.66%
JBL	C	0.55%
MANH	D	0.5%
MLI	B	0.49%
RS	B	0.49%
IDA	A	0.46%
COCO	A	0.43%
WSM	D	0.42%
CSL	C	0.41%
IOT	B	0.41%
UTHR	C	0.38%
DKS	D	0.38%
LAMR	D	0.33%
HSII	B	0.31%
WSO	A	0.31%
SOLV	C	0.31%
DDS	B	0.31%
CORT	C	0.3%
GGG	A	0.3%
EXE	A	0.29%
PSTG	F	0.29%
SN	D	0.27%
FCNCA	A	0.27%
AMH	C	0.25%
OVV	C	0.25%
EXEL	B	0.24%
IMKTA	C	0.24%
ENTG	F	0.23%
YOU	D	0.23%
UFPI	C	0.23%
SANM	B	0.22%
APA	F	0.22%
RPM	A	0.22%
WS	B	0.22%
MATX	B	0.21%
TOST	A	0.21%
AZPN	A	0.21%
RDDT	A	0.2%
BBWI	C	0.2%
TPG	A	0.2%
SMG	D	0.19%
JOE	F	0.19%
NAVI	F	0.19%
ACM	B	0.19%
HLI	B	0.18%
NDSN	C	0.18%
VCYT	B	0.18%
ESAB	B	0.18%
OC	A	0.18%
GLPI	C	0.18%
MMYT	C	0.17%
TKR	F	0.17%
KRG	B	0.17%
AIZ	A	0.17%
EXTR	C	0.17%
JBSS	F	0.17%
KIM	A	0.16%
IVT	A	0.16%
SRCE	B	0.16%
ALLE	D	0.16%
CVCO	B	0.16%
KFRC	D	0.16%
LBTYA	F	0.15%
SBGI	B	0.15%
ONON	B	0.15%
XNCR	B	0.15%
GES	F	0.15%
AMR	C	0.14%
VSTO	A	0.14%
IGT	F	0.14%
BANF	B	0.14%
UA	B	0.14%
TTC	D	0.14%
YEXT	B	0.14%
AY	A	0.14%
VMEO	B	0.13%
IPAR	C	0.13%
ACCO	B	0.13%
GOLF	B	0.13%
KAI	A	0.13%
QLYS	C	0.13%
GEO	A	0.12%
ACLS	F	0.12%
OGE	A	0.12%
GFF	B	0.12%
BKE	A	0.12%
BSY	F	0.12%
WAFD	B	0.12%
NTCT	B	0.11%
FHI	A	0.11%
TXNM	A	0.11%
PARA	D	0.11%
SSTK	F	0.11%
LOVE	A	0.11%
MFA	D	0.11%
ACAD	C	0.11%
HTH	B	0.11%
CARG	A	0.11%
BAND	D	0.11%
ODP	F	0.11%
APOG	B	0.11%
CXW	B	0.11%
MCB	A	0.11%
NSP	F	0.11%
BCRX	D	0.11%
KW	C	0.1%
HP	C	0.1%
EXPI	C	0.1%
NNN	C	0.1%
HUN	F	0.1%
HOV	F	0.1%
SYNA	D	0.1%
ALX	D	0.1%
CMPR	F	0.1%
AGM	B	0.1%
EEFT	C	0.09%
VSH	F	0.09%
CXT	D	0.09%
PHIN	A	0.09%
JACK	C	0.09%
HEES	B	0.09%
PBH	A	0.09%
LGND	C	0.09%
LZ	C	0.09%
ALIT	C	0.09%
INVA	C	0.09%
DVAX	C	0.09%
AMLX	C	0.09%
OLN	F	0.09%
LILA	F	0.08%
VIR	F	0.08%
SCS	B	0.08%
FHB	B	0.08%
KN	B	0.08%
GMS	B	0.08%
WOR	F	0.08%
CACC	D	0.08%
NSSC	F	0.08%
AGX	C	0.08%
CARS	B	0.08%
MIDD	C	0.08%
ALV	C	0.08%
CSWI	A	0.08%
EQC	A	0.07%
DH	F	0.07%
AMRX	C	0.07%
EYPT	D	0.07%
WYNN	D	0.07%
MATV	F	0.07%
RIG	D	0.07%
AMPH	F	0.07%
POR	C	0.07%
AMPL	C	0.07%
FLNC	D	0.07%
WLY	B	0.07%
NBR	D	0.07%
NTB	B	0.07%
DOMO	C	0.07%
GCO	B	0.07%
SNEX	A	0.07%
CEIX	A	0.07%
AVXL	C	0.06%
OXM	F	0.06%
GPMT	C	0.06%
COTY	F	0.06%
ILPT	D	0.06%
AMCX	C	0.06%
MCY	A	0.06%
CTBI	A	0.06%
ASO	F	0.06%
LADR	B	0.06%
WTTR	A	0.06%
IRTC	C	0.06%
ADEA	C	0.06%
BCO	F	0.06%
SFL	D	0.06%
AIV	C	0.06%
OTTR	C	0.06%
HE	D	0.06%
UVV	B	0.06%
MED	F	0.06%
FOLD	F	0.05%
ACI	C	0.05%
PZZA	D	0.05%
LBTYK	A	0.05%
CERS	D	0.05%
BLMN	F	0.05%
MERC	F	0.05%
ZIP	D	0.05%
THR	B	0.05%
WBA	F	0.05%
MDXG	A	0.05%
CENTA	C	0.05%
STAG	D	0.04%
DAWN	D	0.04%
CORZ	B	0.04%
DIN	C	0.04%
LPG	F	0.04%
AGS	A	0.04%
IDT	B	0.04%
ENS	D	0.04%
SANA	F	0.04%
TPB	A	0.04%
SAH	B	0.04%
NATL	C	0.04%
CELH	F	0.04%
ARRY	D	0.04%
ROKU	C	0.04%
CFFN	B	0.04%
HLF	C	0.04%
ANGI	F	0.04%
NHI	D	0.04%
HSTM	B	0.04%
SWIM	D	0.03%
VIAV	B	0.03%
RDFN	F	0.03%
LTH	D	0.03%
CHRD	D	0.03%
SUPN	B	0.03%
VNDA	C	0.03%
RGNX	F	0.03%
EVTC	C	0.03%
VCEL	A	0.03%
NX	C	0.03%
DNB	B	0.03%
QXO	D	0.03%
OFIX	B	0.03%
VIRT	A	0.03%
SNBR	F	0.03%
RYI	C	0.03%
UDMY	D	0.03%
ARCH	B	0.03%
BRSP	B	0.03%
ACCD	F	0.03%
TCBI	A	0.03%
RPD	C	0.03%
SPRY	C	0.03%
CNS	B	0.03%
UVE	A	0.03%
NRC	F	0.03%
OI	D	0.03%
CVI	D	0.03%
RXT	C	0.02%
ERAS	C	0.02%
WOOF	D	0.02%
OSIS	A	0.02%
MSM	D	0.02%
TSE	F	0.02%
OMER	B	0.02%
EVH	F	0.02%
QRTEA	F	0.02%
GPRO	F	0.02%
SAFE	F	0.02%
KRNY	B	0.02%
DAN	F	0.02%
ALAB	B	0.02%
NUS	C	0.02%
BMBL	C	0.02%
OPI	F	0.02%
IRWD	D	0.02%
MTW	C	0.02%
DBI	F	0.02%
LMAT	A	0.02%
RLJ	C	0.02%
TLRY	F	0.02%
SVC	F	0.02%
TWO	D	0.02%
CNDT	C	0.02%
OPEN	F	0.02%
AKRO	C	0.02%
GIII	C	0.02%
USNA	C	0.02%
LANC	D	0.02%
ALGM	F	0.01%
VAL	F	0.01%
DINO	D	0.01%
PGEN	F	0.01%
AIN	C	0.01%
ARR	C	0.01%
SFIX	C	0.01%
FLWS	D	0.01%
MBC	D	0.01%
BIGC	C	0.01%
MLAB	F	0.01%
JOBY	C	0.01%
UTL	D	0.01%
WTI	F	0.01%
BKH	A	0.01%
SWI	B	0.01%
MITK	C	0.01%
VRE	A	0.01%
TR	A	0.01%
TTGT	C	0.01%
HCAT	C	0.01%
OIS	B	0.01%
RBRK	B	0.01%
NGVT	B	0.01%
ENVA	B	0.01%
HMST	F	0.01%
STGW	B	0.01%
OLPX	F	0.01%
BSIG	A	0.01%
HTZ	C	0.01%
MBLY	C	0.01%
OSUR	F	0.01%
KALU	C	0.01%
PII	F	0.01%
NEXA	B	0.01%
UPWK	C	0.01%
NFBK	B	0.01%
SHO	D	0.01%
BFH	B	0.0%
CHCO	B	0.0%
EGBN	B	0.0%
EIG	A	0.0%
TRMK	B	0.0%
GNW	A	0.0%
PFBC	B	0.0%
CASH	B	0.0%
PRDO	B	0.0%
AX	A	0.0%
OFG	B	0.0%

SMLF Underweight 418 Positions Relative to ESML

Symbol	Grade	Weight
INGR	B	-0.42%
FTI	A	-0.35%
JLL	C	-0.34%
MUSA	A	-0.34%
FRT	C	-0.31%
REXR	F	-0.31%
OSK	B	-0.3%
GBCI	A	-0.3%
RGA	A	-0.3%
SIGI	B	-0.29%
SUM	B	-0.28%
COHR	C	-0.28%
AVT	C	-0.27%
MWA	B	-0.25%
AAON	B	-0.25%
ATR	B	-0.24%
HRI	B	-0.24%
NCLH	B	-0.24%
REZI	A	-0.23%
ARMK	C	-0.23%
AWI	B	-0.23%
ALK	A	-0.23%
FTDR	B	-0.22%
LAD	A	-0.22%
FELE	B	-0.22%
FND	F	-0.2%
WHR	A	-0.2%
KBH	D	-0.2%
BHLB	B	-0.2%
HHH	B	-0.2%
BFAM	F	-0.2%
ZWS	B	-0.2%
AVA	C	-0.19%
ONB	B	-0.19%
SNDR	B	-0.19%
DAR	B	-0.19%
FRPT	B	-0.19%
WWD	B	-0.19%
BANR	A	-0.18%
BWA	B	-0.18%
THG	A	-0.18%
KNTK	A	-0.18%
MORN	B	-0.18%
EPRT	C	-0.18%
ENLC	A	-0.18%
MTH	D	-0.17%
PLXS	B	-0.17%
VVV	B	-0.17%
UBSI	A	-0.17%
MTZ	B	-0.17%
KTB	A	-0.16%
DLB	D	-0.16%
MYRG	C	-0.16%
DBX	C	-0.16%
EAT	A	-0.16%
TKO	C	-0.16%
ACIW	B	-0.16%
BHE	B	-0.16%
JAZZ	B	-0.16%
FLS	A	-0.16%
GXO	B	-0.16%
CFLT	B	-0.15%
VLY	A	-0.15%
ECG	C	-0.15%
CADE	B	-0.15%
CPF	A	-0.15%
FIBK	A	-0.15%
PINC	B	-0.14%
GTLS	A	-0.14%
PRIM	A	-0.14%
ALTR	B	-0.14%
IBCP	B	-0.14%
CZR	F	-0.14%
FMC	F	-0.14%
HESM	A	-0.13%
CPK	A	-0.13%
NPO	A	-0.13%
COLB	B	-0.13%
CABO	C	-0.13%
OLLI	D	-0.12%
IRDM	D	-0.12%
QTWO	B	-0.12%
RKLB	B	-0.12%
WHD	B	-0.12%
GL	B	-0.12%
WERN	B	-0.12%
MTX	B	-0.12%
CSGS	B	-0.11%
DXC	D	-0.11%
ORA	B	-0.11%
ABCB	B	-0.11%
AUB	A	-0.11%
XENE	D	-0.11%
WDFC	B	-0.11%
SHOO	D	-0.11%
CRNX	C	-0.11%
ECPG	B	-0.11%
EFSC	B	-0.11%
ADC	A	-0.11%
MRCY	B	-0.11%
KAR	A	-0.11%
RXO	C	-0.1%
ERII	D	-0.1%
PJT	B	-0.1%
SCL	D	-0.1%
HCP	B	-0.1%
FA	D	-0.1%
DV	C	-0.1%
CAC	B	-0.1%
FUL	F	-0.1%
BHVN	C	-0.1%
DRS	B	-0.1%
APAM	A	-0.1%
LITE	B	-0.1%
TRNO	D	-0.1%
AL	A	-0.1%
RDUS	C	-0.1%
CCOI	B	-0.1%
RDNT	B	-0.1%
AMAL	B	-0.1%
CGNX	D	-0.1%
LCII	D	-0.1%
ALTM	C	-0.1%
PSN	C	-0.1%
FIVE	F	-0.1%
LEA	F	-0.1%
OGN	F	-0.09%
AMED	F	-0.09%
RNA	C	-0.09%
ABM	B	-0.09%
NMIH	D	-0.09%
UPST	B	-0.09%
U	F	-0.09%
CNK	A	-0.09%
POST	D	-0.09%
SHAK	B	-0.09%
MGRC	B	-0.09%
CURB	D	-0.09%
ZI	D	-0.09%
ESE	A	-0.09%
SJW	F	-0.09%
MARA	C	-0.09%
CRVL	A	-0.09%
IMAX	B	-0.09%
LNC	B	-0.09%
AVPT	A	-0.08%
AMWD	B	-0.08%
SBRA	C	-0.08%
BXMT	D	-0.08%
ICUI	D	-0.08%
KTOS	C	-0.08%
KOP	C	-0.08%
AUR	C	-0.08%
EWTX	C	-0.08%
SNX	C	-0.08%
VSEC	B	-0.08%
ST	F	-0.08%
ALG	C	-0.08%
SASR	A	-0.08%
PLYA	B	-0.08%
PRVA	B	-0.08%
LBPH	A	-0.08%
INDB	A	-0.08%
ENOV	C	-0.08%
BWIN	D	-0.08%
HR	C	-0.08%
NTGR	A	-0.08%
LNN	B	-0.08%
STC	A	-0.08%
PRCT	B	-0.08%
JBT	A	-0.08%
GVA	A	-0.08%
ZD	B	-0.08%
PLMR	A	-0.08%
MIR	A	-0.08%
RNST	B	-0.08%
DEA	D	-0.07%
AAT	C	-0.07%
EE	A	-0.07%
GBX	A	-0.07%
RARE	F	-0.07%
LBRDK	C	-0.07%
UEC	A	-0.07%
WU	F	-0.07%
GT	C	-0.07%
HGV	C	-0.07%
ESRT	D	-0.07%
PECO	A	-0.07%
HAFC	A	-0.07%
COLM	B	-0.07%
VSCO	A	-0.07%
GTES	A	-0.07%
ESNT	D	-0.07%
VVX	C	-0.07%
ZYME	C	-0.07%
ROG	D	-0.07%
SEM	B	-0.07%
AZTA	F	-0.07%
MHK	D	-0.07%
BROS	A	-0.07%
VCTR	B	-0.07%
HBI	A	-0.07%
CTS	B	-0.07%
WRBY	A	-0.07%
SXT	C	-0.07%
CCCS	B	-0.07%
AZZ	A	-0.07%
PAR	A	-0.07%
ATGE	B	-0.06%
CBZ	B	-0.06%
VRRM	F	-0.06%
FNA	B	-0.06%
WT	A	-0.06%
SG	C	-0.06%
AAP	C	-0.06%
TMCI	C	-0.06%
CLSK	C	-0.06%
IRON	C	-0.06%
DCO	B	-0.06%
RBBN	B	-0.06%
VRTS	B	-0.06%
MBUU	C	-0.06%
PLAY	C	-0.06%
MOV	C	-0.06%
AGIO	C	-0.06%
NRIX	C	-0.06%
VRNT	D	-0.06%
JWN	C	-0.06%
CMCO	C	-0.06%
CHH	A	-0.06%
CWAN	C	-0.06%
EXP	B	-0.06%
ROCK	C	-0.06%
PNTG	D	-0.06%
AIR	B	-0.06%
CLNE	D	-0.06%
CMP	B	-0.06%
RUSHB	B	-0.06%
KROS	D	-0.06%
VREX	C	-0.06%
ANDE	C	-0.06%
VBTX	B	-0.06%
CART	C	-0.06%
BOOT	C	-0.06%
OWL	A	-0.06%
PPBI	B	-0.06%
ACVA	A	-0.06%
RCM	A	-0.06%
IDYA	F	-0.06%
EYE	C	-0.06%
CLB	C	-0.06%
MNKD	B	-0.06%
CCS	F	-0.06%
TALO	C	-0.06%
TGI	A	-0.06%
VNOM	B	-0.06%
FRSH	C	-0.06%
KE	C	-0.06%
ENV	B	-0.06%
CLF	F	-0.06%
MRUS	D	-0.06%
FOUR	A	-0.06%
VRDN	C	-0.06%
VERX	B	-0.06%
PAHC	B	-0.06%
CALM	A	-0.06%
RH	C	-0.06%
VVI	B	-0.06%
COMP	B	-0.06%
PAYO	A	-0.06%
BANC	B	-0.06%
CBU	B	-0.06%
RXST	F	-0.05%
EWCZ	D	-0.05%
TWST	F	-0.05%
HZO	F	-0.05%
BNL	D	-0.05%
AXL	C	-0.05%
ARVN	D	-0.05%
PBI	C	-0.05%
NUVB	C	-0.05%
THRM	F	-0.05%
ZEUS	C	-0.05%
ETNB	D	-0.05%
HLX	C	-0.05%
PLOW	D	-0.05%
ARKO	D	-0.05%
SHC	D	-0.05%
CECO	C	-0.05%
LEVI	F	-0.05%
ICHR	C	-0.05%
FTRE	D	-0.05%
INFA	D	-0.05%
GERN	F	-0.05%
APGE	D	-0.05%
CDE	C	-0.05%
GOGO	C	-0.05%
PSMT	D	-0.05%
ACEL	C	-0.05%
MLTX	C	-0.05%
SLNO	C	-0.05%
INVX	C	-0.05%
PENN	C	-0.05%
MLNK	C	-0.05%
MODG	F	-0.05%
AI	C	-0.05%
PTGX	D	-0.05%
XPEL	C	-0.05%
PFS	A	-0.05%
RUN	F	-0.05%
DGII	B	-0.05%
PRAA	C	-0.05%
INFN	D	-0.05%
SPR	D	-0.05%
MNRO	B	-0.05%
WKC	D	-0.05%
SMP	C	-0.05%
LCID	F	-0.05%
ELVN	C	-0.05%
MTTR	B	-0.05%
KYMR	C	-0.05%
HAYW	A	-0.05%
NEO	C	-0.05%
VYX	C	-0.05%
OMCL	C	-0.05%
MMI	B	-0.05%
BGC	B	-0.05%
PDFS	D	-0.05%
CSTL	C	-0.05%
IART	C	-0.05%
MHO	D	-0.05%
FFBC	A	-0.05%
TMDX	F	-0.05%
BE	B	-0.05%
ADUS	D	-0.05%
AORT	B	-0.05%
SMPL	B	-0.05%
SBH	A	-0.05%
KMPR	A	-0.05%
ASTE	C	-0.05%
LOPE	B	-0.05%
UFPT	C	-0.05%
HLIT	F	-0.05%
ARQT	C	-0.05%
LEG	F	-0.05%
JBGS	F	-0.05%
UAA	B	-0.05%
MXL	D	-0.05%
NCNO	B	-0.05%
COLD	F	-0.05%
NBHC	B	-0.05%
ALKT	B	-0.05%
CIVI	C	-0.05%
RCKT	F	-0.04%
FOXF	F	-0.04%
CLW	F	-0.04%
FORM	F	-0.04%
GPRE	F	-0.04%
FLGT	F	-0.04%
NEP	F	-0.04%
KURA	F	-0.04%
CRI	F	-0.04%
QS	F	-0.04%
PRTA	F	-0.04%
PGNY	F	-0.04%
CLDX	F	-0.04%
EGY	F	-0.04%
ESTA	D	-0.04%
CXM	C	-0.04%
TNDM	F	-0.04%
SAVA	C	-0.04%
LESL	C	-0.04%
SIBN	D	-0.04%
MLKN	F	-0.04%
IMVT	F	-0.04%
NABL	F	-0.04%
MTUS	F	-0.04%
AMC	F	-0.04%
PLUG	F	-0.04%
PLRX	D	-0.04%
HL	D	-0.04%
DK	D	-0.04%
ARLO	D	-0.04%
ALEC	F	-0.04%
NVCR	D	-0.04%
MEI	F	-0.04%
LGF.A	F	-0.04%
CWT	D	-0.04%
THS	F	-0.04%
UCB	A	-0.04%
KRYS	C	-0.04%
RXRX	F	-0.04%
GRBK	D	-0.04%
TROX	F	-0.04%
COGT	F	-0.04%
AHH	D	-0.04%
NEOG	D	-0.04%
NVAX	F	-0.03%
WOLF	F	-0.03%
MEG	F	-0.03%
TXG	F	-0.03%
CNXC	F	-0.03%
CDNA	D	-0.03%
SVRA	F	-0.03%
PHAT	F	-0.03%
CRMT	F	-0.03%
CCRN	F	-0.03%
CPRI	F	-0.03%
MYGN	F	-0.03%
ETWO	F	-0.03%
MQ	D	-0.03%
STAA	F	-0.03%
KELYA	F	-0.03%
AGL	F	-0.02%
NOVA	F	-0.02%
VSAT	F	-0.02%
SEDG	F	-0.02%
ASPN	F	-0.02%