FSMD vs. ISCG ETF Comparison

Comparison of Fidelity Small-Mid Factor ETF (FSMD) to iShares Morningstar Small-Cap Growth ETF (ISCG)

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$41.02

Average Daily Volume

89,711

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

ISCG

iShares Morningstar Small-Cap Growth ETF

ISCG Description

The investment seeks to track the investment results of the MorningstarÂ® US Small Cap Broad Growth Extended IndexSM composed of small-capitalization U.S. equities that exhibit growth characteristics. 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 underlying index measures the performance of stocks issued by small-capitalization companies that have exhibited above-average growth characteristics as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$48.49

Average Daily Volume

37,009

Number of Holdings ^*

994

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	ISCG
30 Days	0.58%	0.78%
60 Days	5.66%	6.78%
90 Days	9.66%	7.21%
12 Months	30.42%	27.60%

296 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in ISCG	Overlap
AAON	B	0.2%	0.31%	0.2%
AAT	C	0.1%	0.02%	0.02%
ACA	C	0.14%	0.19%	0.14%
ACIW	A	0.17%	0.17%	0.17%
ADC	B	0.21%	0.13%	0.13%
ADMA	B	0.21%	0.19%	0.19%
ADUS	C	0.14%	0.1%	0.1%
AEO	C	0.14%	0.09%	0.09%
AGX	B	0.11%	0.02%	0.02%
AIT	A	0.21%	0.37%	0.21%
ALKS	C	0.16%	0.11%	0.11%
ALRM	F	0.11%	0.12%	0.11%
ALSN	A	0.21%	0.13%	0.13%
ALTR	C	0.18%	0.23%	0.18%
ALV	F	0.18%	0.13%	0.13%
AMAL	D	0.1%	0.01%	0.01%
AMED	D	0.14%	0.04%	0.04%
AMG	C	0.17%	0.11%	0.11%
AMKR	F	0.13%	0.08%	0.08%
AMPH	C	0.12%	0.08%	0.08%
AMR	F	0.1%	0.04%	0.04%
ANDE	D	0.09%	0.03%	0.03%
ANF	D	0.2%	0.3%	0.2%
ANIP	D	0.09%	0.04%	0.04%
APAM	C	0.13%	0.07%	0.07%
APOG	B	0.09%	0.03%	0.03%
APPF	C	0.17%	0.22%	0.17%
AROC	C	0.16%	0.07%	0.07%
ASGN	D	0.15%	0.06%	0.06%
ASH	F	0.14%	0.09%	0.09%
ASTH	B	0.13%	0.09%	0.09%
ATEN	C	0.1%	0.04%	0.04%
ATGE	C	0.13%	0.07%	0.07%
ATR	A	0.25%	0.3%	0.25%
AWI	A	0.16%	0.25%	0.16%
AX	D	0.13%	0.08%	0.08%
AXNX	A	0.15%	0.15%	0.15%
AXTA	C	0.2%	0.23%	0.2%
AYI	A	0.21%	0.25%	0.21%
AZZ	C	0.11%	0.05%	0.05%
BBSI	A	0.08%	0.03%	0.03%
BCO	A	0.15%	0.15%	0.15%
BCPC	C	0.17%	0.24%	0.17%
BFAM	C	0.23%	0.35%	0.23%
BGC	B	0.14%	0.02%	0.02%
BHE	C	0.11%	0.03%	0.03%
BMI	A	0.19%	0.27%	0.19%
BNL	B	0.15%	0.05%	0.05%
BPMC	F	0.17%	0.24%	0.17%
BRBR	B	0.22%	0.34%	0.22%
BRC	C	0.13%	0.07%	0.07%
BRX	B	0.23%	0.13%	0.13%
BWXT	A	0.23%	0.42%	0.23%
CACI	A	0.25%	0.32%	0.25%
CASH	D	0.11%	0.03%	0.03%
CASS	D	0.09%	0.01%	0.01%
CBT	B	0.18%	0.18%	0.18%
CBZ	F	0.12%	0.13%	0.12%
CECO	D	0.08%	0.04%	0.04%
CEIX	B	0.15%	0.04%	0.04%
CFB	D	0.09%	0.02%	0.02%
CHCO	D	0.11%	0.03%	0.03%
CHE	B	0.24%	0.38%	0.24%
CHH	C	0.14%	0.16%	0.14%
CIEN	B	0.24%	0.19%	0.19%
CNX	A	0.2%	0.07%	0.07%
CNXN	C	0.09%	0.02%	0.02%
COKE	B	0.18%	0.29%	0.18%
COLM	B	0.13%	0.05%	0.05%
CORT	B	0.16%	0.1%	0.1%
CPRX	C	0.14%	0.04%	0.04%
CR	C	0.2%	0.23%	0.2%
CRAI	B	0.09%	0.05%	0.05%
CRNX	D	0.14%	0.14%	0.14%
CROX	C	0.23%	0.11%	0.11%
CRUS	D	0.19%	0.1%	0.1%
CRVL	C	0.14%	0.13%	0.13%
CSWI	B	0.17%	0.24%	0.17%
CTS	D	0.1%	0.06%	0.06%
CUBE	C	0.29%	0.52%	0.29%
CVCO	A	0.14%	0.14%	0.14%
CVLT	C	0.19%	0.29%	0.19%
CW	A	0.28%	0.54%	0.28%
DBX	C	0.18%	0.11%	0.11%
DCI	B	0.21%	0.38%	0.21%
DLB	D	0.15%	0.19%	0.15%
DOCS	B	0.22%	0.22%	0.22%
DORM	C	0.15%	0.08%	0.08%
DUOL	B	0.32%	0.42%	0.32%
DY	C	0.17%	0.25%	0.17%
EEFT	F	0.15%	0.1%	0.1%
EHC	B	0.25%	0.41%	0.25%
EIG	B	0.1%	0.01%	0.01%
ENS	C	0.13%	0.08%	0.08%
ENSG	D	0.24%	0.37%	0.24%
EPAC	C	0.11%	0.1%	0.1%
EPRT	C	0.19%	0.15%	0.15%
ESAB	C	0.17%	0.19%	0.17%
ESI	B	0.17%	0.1%	0.1%
ESTC	F	0.17%	0.29%	0.17%
EVR	C	0.24%	0.12%	0.12%
EXEL	C	0.22%	0.33%	0.22%
EXLS	B	0.18%	0.26%	0.18%
EXP	C	0.24%	0.42%	0.24%
EXPO	B	0.17%	0.24%	0.17%
FCN	B	0.2%	0.34%	0.2%
FELE	B	0.14%	0.18%	0.14%
FIZZ	C	0.09%	0.03%	0.03%
FLS	B	0.18%	0.18%	0.18%
FN	C	0.22%	0.36%	0.22%
FORM	F	0.13%	0.15%	0.13%
FR	C	0.2%	0.3%	0.2%
FRT	B	0.23%	0.21%	0.21%
FSS	B	0.16%	0.24%	0.16%
FTDR	C	0.15%	0.07%	0.07%
FUL	F	0.15%	0.11%	0.11%
GIC	D	0.07%	0.01%	0.01%
GKOS	C	0.2%	0.29%	0.2%
GMED	D	0.22%	0.21%	0.21%
GNTX	F	0.2%	0.31%	0.2%
GOLF	F	0.1%	0.04%	0.04%
GPK	B	0.22%	0.18%	0.18%
GWRE	A	0.34%	0.63%	0.34%
HAE	D	0.13%	0.16%	0.13%
HALO	D	0.21%	0.31%	0.21%
HCKT	C	0.09%	0.02%	0.02%
HIMS	C	0.12%	0.12%	0.12%
HLI	B	0.23%	0.22%	0.22%
HLNE	A	0.2%	0.28%	0.2%
HNI	B	0.1%	0.04%	0.04%
HRB	C	0.24%	0.15%	0.15%
HSII	B	0.08%	0.01%	0.01%
HSTM	B	0.09%	0.03%	0.03%
HWKN	A	0.11%	0.1%	0.1%
IBOC	D	0.13%	0.07%	0.07%
IBP	C	0.18%	0.25%	0.18%
ICFI	C	0.12%	0.14%	0.12%
IDCC	A	0.14%	0.15%	0.14%
IDT	C	0.12%	0.02%	0.02%
IESC	B	0.11%	0.07%	0.07%
INFA	D	0.1%	0.06%	0.06%
INGR	A	0.23%	0.13%	0.13%
IOSP	F	0.11%	0.12%	0.11%
ITGR	C	0.17%	0.14%	0.14%
ITT	B	0.27%	0.52%	0.27%
JBI	F	0.06%	0.03%	0.03%
JBSS	F	0.08%	0.02%	0.02%
JLL	B	0.29%	0.19%	0.19%
KAI	C	0.13%	0.17%	0.13%
KFRC	F	0.08%	0.03%	0.03%
KFY	C	0.13%	0.09%	0.09%
KNF	C	0.17%	0.12%	0.12%
KNSL	D	0.25%	0.43%	0.25%
KRYS	D	0.15%	0.19%	0.15%
LAMR	C	0.28%	0.23%	0.23%
LANC	F	0.13%	0.15%	0.13%
LGND	D	0.11%	0.04%	0.04%
LMAT	B	0.12%	0.08%	0.08%
LNTH	C	0.22%	0.33%	0.22%
LOPE	D	0.15%	0.17%	0.15%
LRN	C	0.15%	0.11%	0.11%
LSTR	D	0.18%	0.13%	0.13%
MASI	C	0.21%	0.15%	0.15%
MATX	B	0.16%	0.07%	0.07%
MCRI	B	0.1%	0.04%	0.04%
MCY	B	0.11%	0.04%	0.04%
MGRC	D	0.11%	0.11%	0.11%
MIR	B	0.12%	0.09%	0.09%
MLI	B	0.2%	0.17%	0.17%
MLR	D	0.07%	0.01%	0.01%
MMS	A	0.16%	0.09%	0.09%
MMSI	C	0.2%	0.25%	0.2%
MOG.A	B	0.17%	0.18%	0.17%
MRVI	D	0.09%	0.04%	0.04%
MSA	D	0.17%	0.17%	0.17%
MSM	D	0.13%	0.07%	0.07%
MTCH	C	0.26%	0.42%	0.26%
MTN	D	0.2%	0.17%	0.17%
MTSI	C	0.18%	0.26%	0.18%
MUSA	D	0.23%	0.42%	0.23%
MWA	B	0.12%	0.1%	0.1%
NEU	F	0.14%	0.05%	0.05%
NHC	D	0.11%	0.04%	0.04%
NHI	C	0.15%	0.16%	0.15%
NNN	A	0.23%	0.17%	0.17%
NOVT	D	0.19%	0.27%	0.19%
NPK	F	0.07%	0.01%	0.01%
NSA	C	0.14%	0.06%	0.06%
NSIT	C	0.18%	0.13%	0.13%
NSSC	F	0.08%	0.06%	0.06%
NYT	B	0.25%	0.37%	0.25%
OLED	C	0.23%	0.43%	0.23%
OLLI	C	0.19%	0.27%	0.19%
ONTO	C	0.26%	0.42%	0.26%
OSIS	B	0.12%	0.07%	0.07%
OSK	F	0.17%	0.09%	0.09%
OTTR	F	0.13%	0.06%	0.06%
OWL	B	0.23%	0.41%	0.23%
PATK	B	0.14%	0.06%	0.06%
PBH	D	0.15%	0.06%	0.06%
PCVX	B	0.31%	0.49%	0.31%
PEGA	C	0.14%	0.13%	0.13%
PI	B	0.2%	0.2%	0.2%
PIPR	C	0.16%	0.08%	0.08%
PJT	C	0.14%	0.13%	0.13%
PLMR	D	0.13%	0.1%	0.1%
PLNT	C	0.21%	0.31%	0.21%
PLUS	C	0.13%	0.06%	0.06%
PLXS	B	0.15%	0.1%	0.1%
POST	B	0.17%	0.15%	0.15%
POWL	A	0.12%	0.09%	0.09%
PPC	A	0.1%	0.05%	0.05%
PRCT	C	0.17%	0.16%	0.16%
PRDO	D	0.1%	0.02%	0.02%
PRI	A	0.24%	0.23%	0.23%
PRIM	C	0.12%	0.08%	0.08%
PSN	A	0.15%	0.09%	0.09%
QCRH	D	0.1%	0.02%	0.02%
QLYS	F	0.15%	0.2%	0.15%
QTWO	C	0.17%	0.2%	0.17%
R	C	0.18%	0.13%	0.13%
RBC	B	0.21%	0.37%	0.21%
RDNT	C	0.18%	0.2%	0.18%
REX	D	0.1%	0.02%	0.02%
REXR	D	0.27%	0.31%	0.27%
REYN	C	0.11%	0.03%	0.03%
RGEN	F	0.19%	0.32%	0.19%
RGLD	C	0.24%	0.23%	0.23%
RHI	D	0.18%	0.2%	0.18%
RL	B	0.21%	0.21%	0.21%
RLI	A	0.19%	0.27%	0.19%
ROAD	C	0.13%	0.13%	0.13%
ROCK	D	0.1%	0.09%	0.09%
RUSHA	C	0.12%	0.08%	0.08%
SAIC	B	0.19%	0.12%	0.12%
SANM	D	0.14%	0.07%	0.07%
SCVL	C	0.1%	0.01%	0.01%
SEIC	B	0.2%	0.23%	0.2%
SEM	D	0.14%	0.08%	0.08%
SFM	A	0.26%	0.33%	0.26%
SHO	D	0.12%	0.09%	0.09%
SHOO	A	0.15%	0.05%	0.05%
SIGI	D	0.18%	0.07%	0.07%
SKWD	B	0.11%	0.02%	0.02%
SKX	C	0.23%	0.37%	0.23%
SKYW	B	0.13%	0.09%	0.09%
SLP	F	0.07%	0.02%	0.02%
SNEX	C	0.12%	0.04%	0.04%
SPSC	D	0.19%	0.31%	0.19%
SQSP	A	0.12%	0.12%	0.12%
SSD	C	0.2%	0.35%	0.2%
STAA	D	0.09%	0.05%	0.05%
STAG	D	0.2%	0.13%	0.13%
STRA	F	0.11%	0.09%	0.09%
STRL	C	0.16%	0.19%	0.16%
SUM	D	0.15%	0.2%	0.15%
SXT	C	0.13%	0.07%	0.07%
TENB	F	0.15%	0.2%	0.15%
THG	A	0.18%	0.12%	0.12%
TKR	B	0.15%	0.13%	0.13%
TNC	F	0.09%	0.05%	0.05%
TPX	B	0.24%	0.29%	0.24%
TREX	D	0.17%	0.32%	0.17%
TRNS	D	0.09%	0.05%	0.05%
TTC	D	0.21%	0.22%	0.21%
TWST	D	0.12%	0.11%	0.11%
TXRH	B	0.28%	0.5%	0.28%
UE	B	0.13%	0.07%	0.07%
UFPI	B	0.2%	0.19%	0.19%
UFPT	D	0.13%	0.11%	0.11%
UNF	B	0.11%	0.06%	0.06%
URBN	F	0.1%	0.04%	0.04%
USLM	C	0.1%	0.04%	0.04%
USPH	F	0.1%	0.03%	0.03%
UTI	D	0.08%	0.03%	0.03%
VCEL	F	0.12%	0.09%	0.09%
VCTR	C	0.12%	0.05%	0.05%
VECO	F	0.09%	0.06%	0.06%
VNT	F	0.16%	0.14%	0.14%
VOYA	A	0.22%	0.13%	0.13%
VRNS	C	0.19%	0.27%	0.19%
VRRM	D	0.14%	0.2%	0.14%
VVV	D	0.16%	0.23%	0.16%
WDFC	C	0.13%	0.15%	0.13%
WEN	C	0.13%	0.06%	0.06%
WFRD	F	0.18%	0.3%	0.18%
WH	C	0.19%	0.08%	0.08%
WINA	D	0.1%	0.05%	0.05%
WMG	D	0.18%	0.18%	0.18%
WSR	B	0.09%	0.01%	0.01%
WTS	B	0.16%	0.24%	0.16%
WWD	B	0.24%	0.41%	0.24%
XHR	C	0.11%	0.07%	0.07%
YELP	F	0.13%	0.05%	0.05%
ZETA	B	0.17%	0.22%	0.17%
ZWS	A	0.15%	0.22%	0.15%

FSMD Overweight 283 Positions Relative to ISCG

Symbol	Grade	Weight
NRG	A	0.43%
EME	C	0.42%
TPL	B	0.4%
LII	C	0.4%
MANH	C	0.38%
LYV	A	0.37%
THC	C	0.37%
UTHR	B	0.36%
NTNX	D	0.35%
TOL	A	0.35%
UHS	D	0.34%
RPM	C	0.34%
IBKR	A	0.34%
PNR	A	0.34%
NTRA	B	0.34%
TW	A	0.33%
PSTG	F	0.33%
WSO	B	0.33%
RGA	C	0.32%
ERIE	A	0.32%
RNR	A	0.32%
OC	B	0.31%
GGG	B	0.31%
ROL	B	0.31%
CPT	C	0.31%
NWSA	D	0.31%
FIX	B	0.31%
L	D	0.31%
SNA	B	0.31%
EQH	C	0.3%
WING	B	0.3%
NDSN	B	0.3%
CASY	D	0.3%
ACM	B	0.3%
ELS	D	0.3%
SW	B	0.29%
FTI	B	0.29%
JNPR	C	0.29%
DKS	D	0.29%
AMH	D	0.29%
SCI	C	0.28%
TTEK	B	0.28%
BSY	D	0.28%
ALLE	A	0.28%
CHRW	A	0.28%
TFX	B	0.28%
BLD	C	0.28%
BXP	C	0.28%
REG	B	0.28%
TPR	B	0.27%
SRPT	F	0.27%
CLH	C	0.27%
NBIX	F	0.26%
OHI	C	0.26%
NVT	D	0.26%
AIZ	A	0.26%
SOLV	D	0.26%
EWBC	D	0.26%
GL	C	0.25%
SF	A	0.25%
DOX	B	0.25%
BJ	D	0.25%
UNM	A	0.25%
CHK	C	0.25%
INCY	B	0.25%
OGE	A	0.24%
CPB	D	0.24%
LECO	F	0.24%
DTM	A	0.24%
TAP	D	0.24%
AOS	B	0.24%
WAL	C	0.24%
DVA	B	0.24%
ORI	A	0.23%
HSIC	C	0.23%
WMS	D	0.23%
AFG	B	0.23%
SNX	C	0.23%
HII	D	0.23%
FHN	D	0.22%
MHK	B	0.22%
CMA	C	0.22%
MORN	C	0.22%
HRL	F	0.22%
CHRD	F	0.22%
CHDN	D	0.22%
ALLY	F	0.22%
TMHC	B	0.21%
BERY	C	0.21%
WBS	D	0.21%
BWA	C	0.21%
CBSH	D	0.2%
MTG	B	0.2%
ARW	C	0.2%
MEDP	F	0.2%
ESNT	C	0.2%
BPOP	D	0.2%
SN	B	0.2%
ELAN	D	0.2%
DINO	F	0.2%
MTH	B	0.2%
AXS	A	0.19%
ZION	D	0.19%
JXN	B	0.19%
WTFC	C	0.19%
ACI	F	0.19%
CRBG	C	0.19%
BRKR	D	0.19%
NFG	A	0.19%
MGY	C	0.18%
G	A	0.18%
COOP	C	0.18%
UGI	C	0.18%
KBH	C	0.18%
CNM	F	0.18%
SNV	D	0.18%
RDN	D	0.17%
CTRE	B	0.17%
ASO	D	0.17%
BKH	B	0.17%
GPI	C	0.17%
NXST	D	0.17%
CMC	C	0.17%
ACLX	C	0.17%
OGN	D	0.16%
KTB	B	0.16%
MHO	A	0.16%
CIVI	F	0.16%
AVT	B	0.16%
BCC	B	0.16%
VMI	B	0.16%
MDU	C	0.16%
CUZ	C	0.16%
BYD	C	0.16%
NWE	A	0.16%
SLM	C	0.16%
ALE	A	0.16%
UMBF	C	0.16%
HOG	C	0.16%
SON	D	0.16%
EWTX	B	0.16%
KD	F	0.16%
AGCO	D	0.16%
OMF	D	0.16%
SR	A	0.16%
CNO	C	0.15%
TDS	B	0.15%
ESGR	D	0.15%
AN	B	0.15%
ABG	D	0.15%
FLO	C	0.15%
WU	D	0.15%
TPH	B	0.15%
WLK	B	0.15%
KRC	C	0.15%
BTU	B	0.15%
PRGS	B	0.14%
TNL	B	0.14%
TGNA	B	0.14%
SLVM	C	0.14%
VIRT	C	0.14%
LBRT	F	0.14%
ZD	D	0.14%
DXC	D	0.14%
FBP	D	0.14%
FHI	C	0.14%
AGR	C	0.14%
SLGN	A	0.14%
HIW	C	0.14%
NMIH	C	0.14%
AVA	B	0.14%
STNG	D	0.14%
OZK	F	0.14%
CALM	A	0.13%
INSW	C	0.13%
GPOR	B	0.13%
PAG	D	0.13%
ASB	F	0.13%
PBF	F	0.13%
LEVI	B	0.13%
GNW	C	0.13%
DEI	A	0.13%
CATY	D	0.13%
FULT	D	0.13%
GHC	B	0.13%
ENVA	C	0.12%
VGR	C	0.12%
SUPN	D	0.12%
EQC	D	0.12%
GTES	C	0.12%
AMRX	A	0.12%
CACC	F	0.12%
VSTO	D	0.12%
OFG	D	0.12%
HCC	D	0.12%
SBH	B	0.12%
PHIN	D	0.12%
TK	B	0.12%
BKE	C	0.11%
DEA	D	0.11%
GNE	D	0.11%
SPOK	D	0.11%
PLAB	D	0.11%
SPNT	D	0.11%
WSBC	D	0.11%
FF	B	0.11%
ACT	C	0.11%
HCI	C	0.11%
LZB	C	0.11%
KURA	D	0.11%
SCHL	D	0.11%
CNXC	F	0.11%
HMN	C	0.11%
ARCH	D	0.11%
PDM	C	0.11%
PAHC	C	0.11%
UTL	C	0.11%
LTC	C	0.11%
HUBG	D	0.11%
PINC	F	0.11%
GIII	C	0.11%
MTX	D	0.11%
USM	C	0.11%
PLTK	C	0.11%
ADTN	C	0.11%
TNK	D	0.11%
MCB	C	0.1%
ASC	D	0.1%
PFBC	D	0.1%
SCSC	D	0.1%
UVSP	D	0.1%
VSH	F	0.1%
SSTK	F	0.1%
WABC	F	0.1%
DDS	D	0.1%
LPG	F	0.1%
CPF	C	0.1%
UVE	C	0.1%
INVA	B	0.1%
COLL	B	0.1%
ZYXI	F	0.09%
CXW	F	0.09%
OSUR	F	0.09%
IMKTA	F	0.09%
GEO	F	0.09%
ALX	C	0.09%
MSBI	D	0.09%
UTMD	F	0.09%
PGRE	D	0.09%
ETH	D	0.09%
TPC	B	0.09%
THFF	D	0.09%
CWCO	F	0.09%
CSV	C	0.09%
EGY	D	0.09%
SMP	D	0.09%
IBCP	D	0.09%
KLG	D	0.09%
CTBI	D	0.09%
PEBO	D	0.09%
TPB	B	0.09%
SRCE	D	0.09%
OLP	C	0.09%
HE	F	0.08%
AMN	F	0.08%
VNDA	F	0.08%
HCSG	D	0.08%
CUBI	F	0.08%
SCS	D	0.08%
RMR	B	0.08%
NVEC	F	0.08%
EBF	B	0.08%
BRY	F	0.08%
SMLR	F	0.07%
SIGA	F	0.07%
METC	D	0.07%
KELYA	D	0.07%
SXC	F	0.07%
AMCX	F	0.07%
PANL	D	0.07%
IMMR	D	0.06%
KRT	F	0.06%
CLW	F	0.05%

FSMD Underweight 698 Positions Relative to ISCG

Symbol	Grade	Weight
COHR	B	-0.57%
FTAI	B	-0.55%
INSM	D	-0.5%
TOST	B	-0.49%
CTLT	B	-0.46%
AFRM	C	-0.44%
IOT	C	-0.42%
ARMK	B	-0.41%
CVNA	A	-0.4%
EGP	D	-0.39%
ROKU	D	-0.39%
NCLH	C	-0.38%
CAVA	C	-0.38%
TKO	C	-0.37%
KBR	D	-0.37%
SOFI	C	-0.35%
LNW	F	-0.35%
WSC	D	-0.34%
CRS	B	-0.34%
ATI	B	-0.34%
SMAR	A	-0.33%
ITCI	D	-0.32%
SPXC	C	-0.32%
MTZ	C	-0.32%
LSCC	D	-0.31%
PCTY	C	-0.31%
ACHC	F	-0.3%
PEN	D	-0.3%
RYAN	A	-0.29%
HQY	B	-0.29%
AZEK	B	-0.29%
LFUS	C	-0.28%
CGNX	F	-0.28%
TRNO	D	-0.28%
RHP	C	-0.28%
S	D	-0.28%
MOD	C	-0.28%
MKTX	C	-0.27%
APG	F	-0.27%
FRPT	C	-0.27%
VKTX	D	-0.27%
INSP	C	-0.26%
GTLB	D	-0.26%
PATH	D	-0.25%
CART	C	-0.25%
KRG	C	-0.25%
CHX	F	-0.25%
ELF	F	-0.25%
AVAV	B	-0.24%
IONS	F	-0.24%
CWST	D	-0.24%
SKY	A	-0.23%
GTLS	F	-0.23%
OPCH	D	-0.23%
HCP	B	-0.22%
KNX	C	-0.22%
TMDX	D	-0.22%
FIVE	D	-0.22%
HXL	F	-0.22%
FOUR	B	-0.22%
BILL	D	-0.22%
EDR	A	-0.22%
WEX	C	-0.22%
ITRI	C	-0.21%
H	C	-0.21%
LBRDK	C	-0.21%
BOX	C	-0.2%
KEX	C	-0.2%
RARE	C	-0.2%
MARA	F	-0.19%
CFLT	F	-0.19%
GNRC	B	-0.18%
ETSY	F	-0.18%
NOV	F	-0.18%
RMBS	F	-0.18%
COLD	D	-0.18%
SHAK	C	-0.17%
JEF	B	-0.17%
WK	D	-0.17%
CRDO	C	-0.17%
CHWY	C	-0.17%
ORA	B	-0.17%
SITE	D	-0.17%
OSCR	C	-0.16%
CLF	D	-0.16%
HAS	A	-0.16%
PECO	C	-0.15%
KTOS	A	-0.15%
CWAN	C	-0.15%
BHVN	C	-0.15%
APLE	D	-0.15%
MDGL	F	-0.15%
MIDD	D	-0.15%
SMTC	C	-0.15%
CCCS	D	-0.15%
SLAB	D	-0.15%
AXSM	C	-0.15%
RH	C	-0.14%
CZR	C	-0.14%
BWIN	C	-0.14%
NXT	F	-0.14%
IRDM	C	-0.14%
ACLS	F	-0.14%
EVH	D	-0.14%
GME	D	-0.13%
WTM	D	-0.13%
SITM	B	-0.13%
AWR	B	-0.13%
LCID	D	-0.13%
NUVL	B	-0.13%
ACVA	C	-0.13%
SG	C	-0.13%
SMPL	D	-0.13%
NSP	F	-0.13%
LPX	A	-0.12%
CYTK	F	-0.12%
TPG	C	-0.12%
LIVN	D	-0.12%
THO	C	-0.12%
ALGM	F	-0.12%
BOOT	B	-0.12%
UPST	C	-0.12%
AGO	D	-0.12%
BDC	B	-0.12%
FCFS	D	-0.12%
GXO	D	-0.11%
VAL	F	-0.11%
AGYS	D	-0.11%
SGRY	C	-0.11%
MAT	C	-0.11%
BIO	B	-0.11%
APLS	F	-0.11%
SPB	B	-0.11%
MKSI	F	-0.11%
DV	F	-0.11%
IRT	C	-0.11%
CARG	C	-0.11%
PTGX	C	-0.11%
AI	F	-0.11%
VCYT	C	-0.11%
YOU	C	-0.11%
RYTM	C	-0.11%
SAM	D	-0.11%
CNS	C	-0.11%
BL	D	-0.11%
OII	D	-0.11%
GH	F	-0.11%
GAP	F	-0.11%
BROS	D	-0.11%
TDW	F	-0.1%
MTRN	F	-0.1%
IPAR	D	-0.1%
KYMR	C	-0.1%
KLIC	D	-0.1%
RPD	D	-0.1%
LITE	C	-0.1%
AL	D	-0.1%
RVMD	B	-0.1%
KWR	D	-0.1%
BC	C	-0.1%
RYN	C	-0.1%
JOE	D	-0.1%
GERN	D	-0.1%
CNMD	D	-0.1%
NCNO	D	-0.1%
CALX	C	-0.1%
NPO	C	-0.1%
MYGN	D	-0.1%
SPR	D	-0.1%
CLDX	F	-0.1%
LEA	F	-0.1%
UEC	C	-0.1%
SWN	C	-0.1%
RELY	F	-0.09%
GATX	D	-0.09%
NTLA	F	-0.09%
IOVA	F	-0.09%
FIVN	F	-0.09%
SRCL	B	-0.09%
GSHD	B	-0.09%
YETI	D	-0.09%
WHD	B	-0.09%
FOLD	F	-0.09%
MSGS	B	-0.09%
SKT	A	-0.09%
FRSH	F	-0.09%
CLSK	F	-0.09%
BE	F	-0.09%
NARI	F	-0.09%
HOMB	D	-0.09%
RIOT	F	-0.09%
IRTC	F	-0.09%
INTA	C	-0.09%
HRI	B	-0.09%
CFR	D	-0.09%
BBIO	F	-0.09%
AZTA	F	-0.09%
RCM	B	-0.09%
FROG	F	-0.09%
HASI	C	-0.08%
FFIN	D	-0.08%
STEP	A	-0.08%
SWTX	F	-0.08%
TDC	D	-0.08%
AIN	D	-0.08%
AEIS	D	-0.08%
ROG	D	-0.08%
ZI	D	-0.08%
IMVT	F	-0.08%
TGTX	C	-0.08%
CDP	A	-0.08%
RRR	D	-0.08%
LYFT	D	-0.08%
ENV	C	-0.08%
ALG	D	-0.08%
PTCT	C	-0.08%
GVA	B	-0.08%
PAR	D	-0.08%
VERX	B	-0.08%
JBT	B	-0.08%
POR	B	-0.08%
SYNA	F	-0.08%
BATRK	F	-0.08%
RXO	D	-0.08%
ACAD	F	-0.08%
PRVA	F	-0.08%
IIPR	C	-0.08%
EXTR	D	-0.08%
HURN	C	-0.08%
BRZE	F	-0.08%
TNDM	D	-0.08%
EBC	D	-0.08%
ICUI	B	-0.08%
UCTT	D	-0.07%
TGLS	A	-0.07%
THRM	F	-0.07%
TBBK	C	-0.07%
HLIT	C	-0.07%
TRN	C	-0.07%
GFF	B	-0.07%
RXST	F	-0.07%
IONQ	D	-0.07%
MGEE	A	-0.07%
IDYA	F	-0.07%
WULF	D	-0.07%
OSW	C	-0.07%
ASPN	C	-0.07%
FLYW	F	-0.07%
HUN	B	-0.07%
HL	C	-0.07%
SMG	B	-0.07%
IDA	B	-0.07%
TRIP	F	-0.07%
MYRG	F	-0.07%
BLKB	C	-0.07%
MSGE	B	-0.07%
PTEN	F	-0.07%
PD	F	-0.07%
DBRG	D	-0.07%
CRSP	F	-0.07%
RDDT	C	-0.07%
LOB	C	-0.07%
SFBS	D	-0.07%
FRHC	A	-0.07%
ABM	D	-0.07%
VERA	C	-0.07%
AM	A	-0.07%
MNKD	C	-0.07%
DNLI	C	-0.07%
PWSC	C	-0.06%
MIRM	D	-0.06%
SBCF	D	-0.06%
KAR	D	-0.06%
NJR	C	-0.06%
ALTM	D	-0.06%
VSEC	D	-0.06%
SXI	B	-0.06%
FLNC	C	-0.06%
ATKR	F	-0.06%
RIG	F	-0.06%
CWEN	A	-0.06%
PCH	C	-0.06%
AGIO	D	-0.06%
LNN	B	-0.06%
DOCN	C	-0.06%
TXG	F	-0.06%
SPT	F	-0.06%
ATRC	D	-0.06%
RXRX	F	-0.06%
ALKT	D	-0.06%
PGNY	F	-0.06%
POWI	F	-0.06%
PSMT	B	-0.06%
AVDX	F	-0.06%
JJSF	A	-0.06%
MODG	F	-0.06%
HLX	D	-0.06%
SONO	D	-0.06%
CWT	D	-0.06%
CDE	C	-0.06%
LTH	C	-0.06%
MP	C	-0.06%
ASAN	F	-0.05%
ALEX	D	-0.05%
CPK	B	-0.05%
AAP	F	-0.05%
HAYW	B	-0.05%
RKLB	B	-0.05%
OUT	C	-0.05%
LAUR	C	-0.05%
AVPT	C	-0.05%
MBLY	F	-0.05%
APPN	D	-0.05%
COCO	C	-0.05%
ARLO	F	-0.05%
WERN	D	-0.05%
BANF	D	-0.05%
EXPI	C	-0.05%
AIR	D	-0.05%
PZZA	D	-0.05%
ALIT	D	-0.05%
PYCR	D	-0.05%
HGV	F	-0.05%
RAMP	F	-0.05%
COHU	F	-0.05%
CERT	F	-0.05%
PRFT	A	-0.05%
SITC	F	-0.05%
AVDL	F	-0.05%
SHC	C	-0.05%
ARCB	D	-0.05%
IAC	C	-0.05%
ZUO	F	-0.05%
HRMY	B	-0.05%
ARWR	F	-0.05%
XNCR	D	-0.05%
REZI	F	-0.05%
KVYO	B	-0.05%
WSFS	D	-0.05%
PHR	F	-0.05%
HHH	B	-0.05%
CNK	C	-0.05%
ARDX	D	-0.05%
JOBY	F	-0.04%
NVCR	F	-0.04%
CDRE	B	-0.04%
HEES	D	-0.04%
FCPT	C	-0.04%
SNDX	F	-0.04%
CLVT	D	-0.04%
PRO	F	-0.04%
SCL	D	-0.04%
AMBA	C	-0.04%
PRM	B	-0.04%
CGON	C	-0.04%
DCO	B	-0.04%
AKRO	C	-0.04%
MLKN	F	-0.04%
DFIN	D	-0.04%
SLNO	C	-0.04%
COUR	F	-0.04%
IMAX	D	-0.04%
UTZ	B	-0.04%
VICR	C	-0.04%
RLJ	D	-0.04%
GSAT	F	-0.04%
CXM	F	-0.04%
NFE	F	-0.04%
DNUT	D	-0.04%
SYBT	C	-0.04%
TFIN	F	-0.04%
IPGP	D	-0.04%
CLB	D	-0.04%
KROS	C	-0.04%
MEG	F	-0.04%
ICHR	F	-0.04%
PRAX	C	-0.04%
NVAX	D	-0.04%
WRBY	C	-0.04%
XPEL	D	-0.04%
MGNI	D	-0.04%
PLUG	F	-0.04%
NABL	F	-0.04%
LOAR	C	-0.04%
PDFS	F	-0.04%
VITL	C	-0.04%
ESTA	F	-0.04%
JAMF	F	-0.04%
FTRE	F	-0.04%
PACS	C	-0.04%
TRUP	D	-0.04%
ULS	F	-0.04%
RVLV	C	-0.04%
DIOD	F	-0.04%
NEO	F	-0.04%
DGII	D	-0.04%
ERII	C	-0.04%
ADNT	D	-0.04%
CCS	C	-0.04%
QNST	C	-0.04%
RNG	F	-0.04%
LCII	B	-0.04%
TNET	F	-0.04%
VIAV	C	-0.04%
DYN	D	-0.04%
SMMT	D	-0.04%
AUPH	C	-0.03%
TARS	C	-0.03%
PEB	D	-0.03%
MGPI	D	-0.03%
ZIP	D	-0.03%
LAB	F	-0.03%
AMWD	C	-0.03%
PUBM	F	-0.03%
FOXF	F	-0.03%
TALO	F	-0.03%
HLIO	C	-0.03%
NX	F	-0.03%
WVE	C	-0.03%
ROIC	B	-0.03%
VRTS	F	-0.03%
MBIN	D	-0.03%
BJRI	D	-0.03%
SDGR	F	-0.03%
CHEF	B	-0.03%
IMNM	F	-0.03%
AMPL	D	-0.03%
FSLY	D	-0.03%
BLFS	D	-0.03%
VRE	C	-0.03%
HI	F	-0.03%
RLAY	F	-0.03%
BLND	C	-0.03%
DRS	A	-0.03%
INFN	C	-0.03%
AKR	B	-0.03%
AGM	F	-0.03%
THR	F	-0.03%
NTST	D	-0.03%
ARVN	F	-0.03%
GO	F	-0.03%
SAFE	C	-0.03%
LC	D	-0.03%
IVT	B	-0.03%
WT	D	-0.03%
TILE	B	-0.03%
YEXT	B	-0.03%
VVI	C	-0.03%
HAYN	B	-0.03%
UMH	C	-0.03%
UDMY	F	-0.03%
DNOW	F	-0.03%
VMEO	C	-0.03%
MTTR	C	-0.03%
DVAX	D	-0.03%
NBBK	C	-0.03%
EOLS	B	-0.03%
LZ	D	-0.03%
GPRE	F	-0.03%
TLRY	F	-0.03%
CENX	C	-0.03%
EVTC	D	-0.03%
SAVA	D	-0.03%
GRC	B	-0.03%
IAS	F	-0.03%
MQ	F	-0.03%
RBRK	F	-0.03%
VSTS	D	-0.03%
LBRDA	C	-0.03%
NVEE	F	-0.03%
GDYN	B	-0.03%
SWI	C	-0.02%
PCRX	F	-0.02%
BOC	D	-0.02%
ANAB	D	-0.02%
BXC	D	-0.02%
RES	D	-0.02%
FA	A	-0.02%
DNTH	D	-0.02%
BMBL	F	-0.02%
KOP	F	-0.02%
IE	D	-0.02%
SANA	F	-0.02%
LBPH	D	-0.02%
NOVA	D	-0.02%
TGI	F	-0.02%
DSGR	B	-0.02%
PRLB	F	-0.02%
ACHR	F	-0.02%
GABC	D	-0.02%
AVO	C	-0.02%
PUMP	F	-0.02%
EVRI	B	-0.02%
MMI	C	-0.02%
NXRT	D	-0.02%
MUX	C	-0.02%
VZIO	B	-0.02%
ATXS	D	-0.02%
CARS	F	-0.02%
DXPE	B	-0.02%
RUM	F	-0.02%
RPAY	F	-0.02%
SEDG	F	-0.02%
KIDS	F	-0.02%
SYRE	D	-0.02%
LEU	A	-0.02%
UPWK	D	-0.02%
KNSA	D	-0.02%
EVLV	D	-0.02%
TR	D	-0.02%
BATRA	F	-0.02%
BTSG	C	-0.02%
WEAV	B	-0.02%
ATEX	D	-0.02%
BELFB	B	-0.02%
WNC	F	-0.02%
AMRC	B	-0.02%
RCUS	F	-0.02%
KRUS	D	-0.02%
OEC	F	-0.02%
LQDA	F	-0.02%
LMND	F	-0.02%
OMI	F	-0.02%
AOSL	D	-0.02%
RCKT	F	-0.02%
LMB	C	-0.02%
FWRG	F	-0.02%
WS	D	-0.02%
BFC	D	-0.02%
KGS	C	-0.02%
DAWN	D	-0.02%
SVRA	D	-0.02%
MSEX	C	-0.02%
FC	C	-0.02%
FIGS	C	-0.02%
AIOT	C	-0.02%
DRVN	C	-0.02%
BSIG	C	-0.02%
HUT	D	-0.02%
INST	C	-0.02%
ARCT	D	-0.02%
RSI	C	-0.02%
ETWO	D	-0.02%
AORT	D	-0.02%
BASE	F	-0.02%
LQDT	C	-0.02%
TFSL	D	-0.02%
WTTR	D	-0.02%
ESRT	C	-0.02%
PTLO	C	-0.02%
AIV	C	-0.02%
GTY	B	-0.02%
MXL	F	-0.02%
SJW	D	-0.02%
INVX	F	-0.02%
COGT	C	-0.02%
YORW	D	-0.02%
FIP	D	-0.02%
VRDN	B	-0.02%
MLNK	F	-0.02%
SAFT	D	-0.02%
SIBN	F	-0.02%
CWEN	A	-0.02%
NIC	D	-0.02%
CWH	C	-0.02%
ATEC	F	-0.02%
PWP	B	-0.02%
LKFN	D	-0.02%
SYM	F	-0.02%
INDI	F	-0.02%
CMCO	D	-0.02%
AESI	C	-0.02%
CATX	D	-0.02%
TDOC	D	-0.02%
TYRA	C	-0.01%
CYRX	F	-0.01%
LYEL	F	-0.01%
LEGH	C	-0.01%
PLPC	D	-0.01%
BOWL	F	-0.01%
NEXT	F	-0.01%
GCT	D	-0.01%
OABI	F	-0.01%
BYON	F	-0.01%
HG	C	-0.01%
MYE	F	-0.01%
ARKO	C	-0.01%
KE	F	-0.01%
VREX	F	-0.01%
STTK	F	-0.01%
CLNE	C	-0.01%
ALEC	F	-0.01%
EWCZ	F	-0.01%
PLRX	F	-0.01%
PRME	F	-0.01%
STER	C	-0.01%
EVER	D	-0.01%
HBT	D	-0.01%
OFLX	D	-0.01%
ROOT	F	-0.01%
DNA	F	-0.01%
SNCY	D	-0.01%
LESL	F	-0.01%
STOK	D	-0.01%
SEMR	B	-0.01%
PGY	F	-0.01%
CELC	F	-0.01%
CLBK	F	-0.01%
ENFN	C	-0.01%
CSTL	C	-0.01%
RUSHB	C	-0.01%
EVCM	F	-0.01%
AMBC	F	-0.01%
NBR	F	-0.01%
YMAB	D	-0.01%
GDEN	D	-0.01%
ORIC	D	-0.01%
TH	F	-0.01%
ULCC	D	-0.01%
SAGE	F	-0.01%
MTUS	F	-0.01%
TMCI	F	-0.01%
TTGT	F	-0.01%
CGEM	F	-0.01%
TALK	D	-0.01%
GDRX	F	-0.01%
FRPH	D	-0.01%
PLOW	C	-0.01%
FNA	F	-0.01%
AMPS	F	-0.01%
CCB	C	-0.01%
MITK	F	-0.01%
QTRX	F	-0.01%
GOOD	A	-0.01%
FOR	D	-0.01%
NN	D	-0.01%
MCW	F	-0.01%
ATRO	D	-0.01%
SRRK	F	-0.01%
TTI	D	-0.01%
ML	F	-0.01%
LFST	C	-0.01%
LAZR	F	-0.01%
CHCT	F	-0.01%
UHT	C	-0.01%
NVTS	F	-0.01%
SVV	D	-0.01%
FPI	D	-0.01%
TIPT	C	-0.01%
ARHS	F	-0.01%
MAX	D	-0.01%
FWRD	D	-0.01%
ALNT	F	-0.01%
NRDS	D	-0.01%
IIIN	F	-0.01%
EYE	F	-0.01%
PRA	C	-0.01%
RBCAA	C	-0.01%
TBLA	F	-0.01%
EYPT	F	-0.01%
EZPW	D	-0.01%
GES	F	-0.01%
MLAB	B	-0.01%
ATSG	C	-0.01%
IIIV	F	-0.01%
VERV	F	-0.01%
MNTK	D	-0.01%
SWBI	F	-0.01%
ABSI	F	-0.01%
NRC	F	-0.01%
GOGO	F	-0.01%
OLO	F	-0.01%
WMK	D	-0.01%
AVNS	C	-0.01%
IMXI	D	-0.01%
GMRE	C	-0.01%
WOLF	F	-0.01%
MRTN	D	-0.01%
ECVT	F	-0.01%
PLYM	D	-0.01%
CHUY	B	-0.01%
TNGX	F	-0.01%
ALXO	F	-0.0%
SCLX	F	-0.0%
CDLX	F	-0.0%
CHGG	F	-0.0%
DH	F	-0.0%
WEST	F	-0.0%
NKLA	F	-0.0%
HPK	F	-0.0%
ACCD	F	-0.0%
GYRE	F	-0.0%
CTOS	F	-0.0%
REPX	D	-0.0%
ACTG	F	-0.0%
ZNTL	D	-0.0%
TITN	F	-0.0%
CTRI	F	-0.0%