FSCS vs. USMV ETF Comparison

Comparison of SMID Capital Strength ETF (FSCS) to iShares MSCI USA Minimum Volatility ETF (USMV)

FSCS

SMID Capital Strength ETF

FSCS Description

The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index is designed to select dividend-paying securities issued by mid capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$38.03

Average Daily Volume

2,689

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FSCS	USMV
30 Days	8.22%	1.70%
60 Days	8.32%	2.42%
90 Days	10.19%	4.02%
12 Months	34.50%	25.63%

13 Overlapping Holdings

Symbol	Grade	Weight in FSCS	Weight in USMV	Overlap
AFG	A	1.01%	0.35%	0.35%
AIZ	A	1.06%	0.32%	0.32%
BAH	F	0.91%	0.39%	0.39%
BR	A	1.01%	0.05%	0.05%
CBOE	B	0.92%	0.85%	0.85%
CHD	B	1.0%	0.4%	0.4%
EG	C	0.93%	0.43%	0.43%
ERIE	D	0.82%	0.42%	0.42%
FFIV	B	1.08%	0.55%	0.55%
PKG	A	1.04%	0.2%	0.2%
ROL	B	0.97%	0.36%	0.36%
UTHR	C	1.02%	0.14%	0.14%
WRB	A	0.94%	0.31%	0.31%

FSCS Overweight 85 Positions Relative to USMV

Symbol	Grade	Weight
LRN	A	1.5%
PRDO	B	1.21%
LOPE	B	1.21%
MLI	C	1.21%
IBKR	A	1.16%
CBSH	A	1.14%
IDCC	A	1.14%
AIT	A	1.13%
ALSN	B	1.13%
LAUR	A	1.12%
RJF	A	1.12%
RHI	B	1.1%
LYV	A	1.09%
EXLS	B	1.09%
CFR	B	1.09%
CRVL	A	1.08%
INGR	B	1.08%
SEIC	B	1.08%
IBOC	A	1.08%
BBSI	B	1.08%
WABC	B	1.07%
SNA	A	1.07%
IEX	B	1.06%
MCY	A	1.06%
EPAC	B	1.06%
CHCO	B	1.06%
CASH	A	1.05%
TXRH	C	1.05%
WAT	B	1.05%
OFG	B	1.05%
KTB	B	1.05%
FHI	A	1.05%
PJT	A	1.04%
CINF	A	1.03%
HLI	B	1.03%
PRI	A	1.03%
CPAY	A	1.02%
LANC	C	1.02%
EVR	B	1.02%
SPNT	A	1.02%
FDS	B	1.02%
YELP	C	1.02%
EEFT	B	1.01%
GGG	B	1.01%
CASY	A	1.01%
DOV	A	1.01%
EHC	B	1.01%
MGY	A	1.01%
HALO	F	1.0%
WTS	B	1.0%
GNTX	C	0.99%
DCI	B	0.99%
RPM	A	0.99%
APAM	B	0.99%
PRGS	A	0.99%
CF	B	0.99%
CLX	B	0.99%
CHRD	D	0.98%
STLD	B	0.98%
MORN	B	0.97%
NDSN	B	0.97%
LSTR	D	0.97%
MSA	D	0.97%
FBP	B	0.97%
EXPD	D	0.97%
CW	B	0.96%
ACM	A	0.96%
CLH	B	0.95%
ROIV	C	0.95%
BRC	D	0.95%
MKC	D	0.91%
MANH	D	0.91%
COKE	C	0.91%
AOS	F	0.9%
REYN	D	0.89%
AVY	D	0.89%
CHE	D	0.89%
ALLE	D	0.89%
MMS	F	0.88%
SHOO	D	0.88%
RNR	C	0.88%
GPC	D	0.84%
FCN	D	0.83%
VRRM	D	0.83%
TTEK	F	0.81%

FSCS Underweight 157 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
PGR	A	-1.67%
IBM	C	-1.66%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
CB	C	-1.47%
APH	A	-1.44%
WM	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
MSFT	F	-1.34%
UNH	C	-1.34%
ORCL	B	-1.31%
ROP	B	-1.3%
ACN	C	-1.29%
AJG	B	-1.27%
MCD	D	-1.25%
LLY	F	-1.25%
PG	A	-1.23%
AVGO	D	-1.19%
JNJ	D	-1.18%
TRV	B	-1.15%
ED	D	-1.13%
MMC	B	-1.11%
ABBV	D	-1.04%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AAPL	C	-0.99%
AZO	C	-0.98%
GILD	C	-0.94%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
LMT	D	-0.82%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
NOW	A	-0.75%
T	A	-0.74%
TSN	B	-0.71%
MA	C	-0.7%
VRTX	F	-0.69%
FI	A	-0.69%
ORLY	B	-0.68%
ACGL	D	-0.68%
COR	B	-0.67%
NVDA	C	-0.67%
GIS	D	-0.66%
VRSN	F	-0.64%
KR	B	-0.61%
AMGN	D	-0.59%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FANG	D	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
BMY	B	-0.49%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
TJX	A	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
VRSK	A	-0.42%
CL	D	-0.41%
HUM	C	-0.4%
CMCSA	B	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
IT	C	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
NBIX	C	-0.32%
WMB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
ANET	C	-0.29%
ICE	C	-0.28%
L	A	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
HUBS	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	F	-0.21%
KMB	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
EOG	A	-0.17%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
GOOG	C	-0.16%
AMZN	C	-0.14%
MDT	D	-0.13%
DELL	C	-0.12%
HIG	B	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
RTX	C	-0.09%
ADP	B	-0.09%
ABT	B	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%