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

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

577

* 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

$53.20

Average Daily Volume

28,801

Number of Holdings ^*

986

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	ISCG
30 Days	7.37%	8.99%
60 Days	7.55%	9.14%
90 Days	9.10%	10.36%
12 Months	35.46%	36.32%

295 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in ISCG	Overlap
AAON	B	0.24%	0.37%	0.24%
AAT	B	0.1%	0.02%	0.02%
ACA	A	0.15%	0.21%	0.15%
ACIW	B	0.18%	0.18%	0.18%
ADC	B	0.21%	0.13%	0.13%
ADMA	B	0.22%	0.19%	0.19%
ADUS	D	0.12%	0.09%	0.09%
AEO	F	0.12%	0.08%	0.08%
AGX	B	0.15%	0.04%	0.04%
AIT	A	0.24%	0.42%	0.24%
ALKS	B	0.16%	0.11%	0.11%
ALRM	C	0.11%	0.12%	0.11%
ALSN	B	0.24%	0.16%	0.16%
ALTR	B	0.19%	0.24%	0.19%
ALV	C	0.19%	0.13%	0.13%
AMAL	B	0.1%	0.01%	0.01%
AMED	F	0.12%	0.03%	0.03%
AMG	B	0.17%	0.11%	0.11%
AMKR	D	0.11%	0.06%	0.06%
AMPH	D	0.11%	0.07%	0.07%
AMR	C	0.11%	0.04%	0.04%
ANDE	D	0.09%	0.02%	0.02%
ANF	C	0.19%	0.29%	0.19%
ANIP	F	0.08%	0.04%	0.04%
APAM	B	0.14%	0.07%	0.07%
APOG	B	0.11%	0.03%	0.03%
APPF	B	0.16%	0.2%	0.16%
AROC	B	0.17%	0.08%	0.08%
ASGN	F	0.13%	0.05%	0.05%
ASH	D	0.12%	0.07%	0.07%
ASTH	D	0.09%	0.07%	0.07%
ATEN	B	0.12%	0.05%	0.05%
ATGE	B	0.14%	0.07%	0.07%
ATR	B	0.26%	0.31%	0.26%
AWI	A	0.19%	0.28%	0.19%
AX	A	0.15%	0.09%	0.09%
AXTA	A	0.21%	0.23%	0.21%
AYI	B	0.24%	0.28%	0.24%
AZZ	B	0.11%	0.05%	0.05%
BBSI	B	0.09%	0.03%	0.03%
BCO	D	0.12%	0.12%	0.12%
BCPC	B	0.16%	0.23%	0.16%
BFAM	D	0.17%	0.26%	0.17%
BGC	C	0.15%	0.04%	0.04%
BHE	B	0.11%	0.03%	0.03%
BMI	B	0.18%	0.25%	0.18%
BNL	D	0.13%	0.04%	0.04%
BPMC	C	0.17%	0.24%	0.17%
BRBR	A	0.26%	0.39%	0.26%
BRC	D	0.12%	0.06%	0.06%
BRX	A	0.23%	0.13%	0.13%
BWXT	B	0.27%	0.49%	0.27%
CACI	D	0.22%	0.28%	0.22%
CASH	A	0.13%	0.03%	0.03%
CASS	B	0.09%	0.01%	0.01%
CBT	C	0.17%	0.17%	0.17%
CBZ	B	0.13%	0.15%	0.13%
CECO	A	0.08%	0.04%	0.04%
CEIX	A	0.18%	0.04%	0.04%
CFB	B	0.09%	0.02%	0.02%
CHCO	B	0.12%	0.03%	0.03%
CHE	D	0.21%	0.34%	0.21%
CHH	A	0.15%	0.17%	0.15%
CIEN	B	0.25%	0.2%	0.2%
CNX	A	0.24%	0.09%	0.09%
CNXN	C	0.08%	0.01%	0.01%
COKE	C	0.16%	0.26%	0.16%
COLM	B	0.12%	0.05%	0.05%
CORT	B	0.2%	0.12%	0.12%
CPRX	C	0.14%	0.04%	0.04%
CR	A	0.21%	0.25%	0.21%
CRAI	B	0.1%	0.05%	0.05%
CRNX	C	0.15%	0.17%	0.15%
CROX	D	0.16%	0.07%	0.07%
CRUS	D	0.15%	0.08%	0.08%
CRVL	A	0.15%	0.14%	0.14%
CSWI	A	0.18%	0.28%	0.18%
CTS	C	0.11%	0.07%	0.07%
CUBE	D	0.25%	0.45%	0.25%
CVCO	A	0.15%	0.15%	0.15%
CVLT	B	0.21%	0.3%	0.21%
CW	B	0.3%	0.57%	0.3%
DBX	B	0.19%	0.11%	0.11%
DCI	B	0.21%	0.37%	0.21%
DLB	B	0.16%	0.17%	0.16%
DOCS	C	0.25%	0.26%	0.25%
DORM	B	0.17%	0.09%	0.09%
DUOL	A	0.35%	0.48%	0.35%
DY	D	0.14%	0.24%	0.14%
EEFT	B	0.15%	0.09%	0.09%
EHC	B	0.25%	0.4%	0.25%
EIG	B	0.11%	0.02%	0.02%
ENS	D	0.12%	0.07%	0.07%
ENSG	D	0.22%	0.33%	0.22%
EPAC	B	0.12%	0.1%	0.1%
EPRT	B	0.18%	0.15%	0.15%
ESAB	B	0.19%	0.2%	0.19%
ESI	A	0.17%	0.1%	0.1%
ESTC	C	0.18%	0.31%	0.18%
EVR	B	0.27%	0.13%	0.13%
EXEL	B	0.28%	0.41%	0.28%
EXLS	B	0.2%	0.29%	0.2%
EXP	A	0.25%	0.42%	0.25%
EXPO	D	0.14%	0.2%	0.14%
FCN	D	0.17%	0.29%	0.17%
FELE	B	0.13%	0.17%	0.13%
FIZZ	C	0.09%	0.03%	0.03%
FLS	B	0.2%	0.19%	0.19%
FN	D	0.21%	0.37%	0.21%
FORM	D	0.11%	0.12%	0.11%
FR	C	0.18%	0.27%	0.18%
FRT	B	0.21%	0.2%	0.2%
FSS	B	0.15%	0.23%	0.15%
FTDR	A	0.17%	0.08%	0.08%
FUL	F	0.13%	0.09%	0.09%
GIC	D	0.06%	0.01%	0.01%
GKOS	B	0.21%	0.31%	0.21%
GMED	A	0.25%	0.24%	0.24%
GNTX	C	0.18%	0.28%	0.18%
GOLF	B	0.11%	0.04%	0.04%
GPK	C	0.21%	0.17%	0.17%
GWRE	A	0.36%	0.67%	0.36%
HAE	C	0.15%	0.18%	0.15%
HALO	F	0.16%	0.23%	0.16%
HCKT	B	0.1%	0.02%	0.02%
HIMS	B	0.15%	0.15%	0.15%
HLI	B	0.25%	0.24%	0.24%
HLNE	B	0.23%	0.31%	0.23%
HNI	B	0.11%	0.04%	0.04%
HRB	D	0.2%	0.13%	0.13%
HSII	B	0.09%	0.02%	0.02%
HSTM	B	0.1%	0.03%	0.03%
HWKN	B	0.11%	0.1%	0.1%
IBOC	A	0.15%	0.08%	0.08%
IBP	D	0.15%	0.2%	0.15%
ICFI	F	0.1%	0.1%	0.1%
IDCC	A	0.17%	0.19%	0.17%
IDT	B	0.14%	0.03%	0.03%
IESC	B	0.15%	0.1%	0.1%
INFA	D	0.1%	0.06%	0.06%
INGR	B	0.23%	0.13%	0.13%
IOSP	B	0.11%	0.12%	0.11%
ITGR	B	0.17%	0.14%	0.14%
ITT	A	0.27%	0.51%	0.27%
JBI	F	0.04%	0.02%	0.02%
JBSS	D	0.07%	0.01%	0.01%
JLL	D	0.27%	0.17%	0.17%
KAI	A	0.15%	0.19%	0.15%
KFRC	D	0.07%	0.02%	0.02%
KFY	B	0.13%	0.08%	0.08%
KNF	A	0.18%	0.13%	0.13%
KNSL	B	0.25%	0.42%	0.25%
KRYS	B	0.14%	0.18%	0.14%
LAMR	D	0.26%	0.2%	0.2%
LANC	C	0.12%	0.15%	0.12%
LGND	B	0.12%	0.05%	0.05%
LMAT	A	0.13%	0.08%	0.08%
LNTH	D	0.17%	0.22%	0.17%
LOPE	B	0.16%	0.19%	0.16%
LRN	A	0.17%	0.12%	0.12%
LSTR	D	0.16%	0.12%	0.12%
MASI	A	0.24%	0.18%	0.18%
MATX	C	0.16%	0.08%	0.08%
MCRI	A	0.11%	0.04%	0.04%
MCY	A	0.13%	0.04%	0.04%
MGRC	B	0.11%	0.12%	0.11%
MIR	A	0.17%	0.14%	0.14%
MLI	C	0.25%	0.2%	0.2%
MLR	B	0.08%	0.02%	0.02%
MMS	F	0.13%	0.07%	0.07%
MMSI	B	0.2%	0.25%	0.2%
MOG.A	B	0.17%	0.19%	0.17%
MRVI	F	0.05%	0.02%	0.02%
MSA	D	0.16%	0.15%	0.15%
MSM	C	0.12%	0.07%	0.07%
MTCH	D	0.2%	0.33%	0.2%
MTN	C	0.18%	0.15%	0.15%
MTSI	B	0.21%	0.29%	0.21%
MUSA	A	0.24%	0.43%	0.24%
MWA	B	0.14%	0.11%	0.11%
NEU	C	0.13%	0.05%	0.05%
NHC	C	0.1%	0.04%	0.04%
NHI	D	0.13%	0.14%	0.13%
NNN	D	0.2%	0.15%	0.15%
NOVT	D	0.17%	0.24%	0.17%
NPK	B	0.07%	0.01%	0.01%
NSA	D	0.13%	0.06%	0.06%
NSIT	F	0.12%	0.09%	0.09%
NSSC	D	0.07%	0.05%	0.05%
NYT	C	0.23%	0.33%	0.23%
OLED	D	0.17%	0.32%	0.17%
OLLI	D	0.15%	0.23%	0.15%
ONTO	D	0.2%	0.33%	0.2%
OSIS	B	0.12%	0.07%	0.07%
OSK	B	0.18%	0.09%	0.09%
OTTR	C	0.13%	0.06%	0.06%
OWL	A	0.27%	0.48%	0.27%
PATK	D	0.12%	0.05%	0.05%
PBH	A	0.16%	0.07%	0.07%
PCVX	D	0.23%	0.39%	0.23%
PEGA	A	0.16%	0.15%	0.15%
PI	D	0.17%	0.17%	0.17%
PIPR	B	0.18%	0.09%	0.09%
PJT	A	0.15%	0.15%	0.15%
PLMR	B	0.14%	0.1%	0.1%
PLNT	A	0.24%	0.35%	0.24%
PLUS	F	0.11%	0.04%	0.04%
PLXS	B	0.16%	0.11%	0.11%
POST	C	0.16%	0.14%	0.14%
POWL	C	0.14%	0.12%	0.12%
PPC	C	0.12%	0.05%	0.05%
PRCT	B	0.19%	0.18%	0.18%
PRDO	B	0.11%	0.03%	0.03%
PRI	A	0.25%	0.25%	0.25%
PRIM	A	0.16%	0.11%	0.11%
PSN	D	0.13%	0.08%	0.08%
QCRH	A	0.12%	0.02%	0.02%
QLYS	C	0.17%	0.21%	0.17%
QTWO	A	0.21%	0.24%	0.21%
R	B	0.18%	0.13%	0.13%
RBC	A	0.22%	0.38%	0.22%
RDN	C	0.15%	0.1%	0.1%
RDNT	B	0.2%	0.21%	0.2%
REX	D	0.1%	0.02%	0.02%
REXR	F	0.21%	0.25%	0.21%
REYN	D	0.09%	0.02%	0.02%
RGEN	D	0.18%	0.28%	0.18%
RGLD	C	0.23%	0.23%	0.23%
RHI	B	0.19%	0.2%	0.19%
RL	B	0.22%	0.22%	0.22%
RLI	B	0.21%	0.29%	0.21%
ROAD	A	0.16%	0.16%	0.16%
ROCK	C	0.09%	0.08%	0.08%
RUSHA	C	0.12%	0.09%	0.09%
SAIC	F	0.16%	0.1%	0.1%
SANM	B	0.15%	0.07%	0.07%
SCVL	F	0.08%	0.01%	0.01%
SEIC	B	0.22%	0.25%	0.22%
SEM	B	0.14%	0.08%	0.08%
SFM	A	0.33%	0.42%	0.33%
SHO	C	0.11%	0.08%	0.08%
SHOO	D	0.12%	0.04%	0.04%
SIGI	C	0.18%	0.07%	0.07%
SKWD	A	0.13%	0.02%	0.02%
SKX	D	0.2%	0.33%	0.2%
SKYW	B	0.16%	0.11%	0.11%
SLP	D	0.06%	0.02%	0.02%
SNEX	B	0.14%	0.05%	0.05%
SPSC	C	0.17%	0.27%	0.17%
SSD	D	0.18%	0.31%	0.18%
STAA	F	0.08%	0.04%	0.04%
STAG	F	0.17%	0.11%	0.11%
STRA	C	0.11%	0.09%	0.09%
STRL	B	0.2%	0.25%	0.2%
SUM	B	0.18%	0.24%	0.18%
SXT	B	0.12%	0.07%	0.07%
TENB	C	0.15%	0.2%	0.15%
THG	A	0.19%	0.13%	0.13%
TKR	D	0.13%	0.11%	0.11%
TNC	D	0.08%	0.04%	0.04%
TPX	B	0.23%	0.28%	0.23%
TREX	C	0.17%	0.3%	0.17%
TRNS	D	0.07%	0.04%	0.04%
TTC	D	0.19%	0.2%	0.19%
TWST	D	0.1%	0.09%	0.09%
TXRH	C	0.29%	0.53%	0.29%
UE	C	0.13%	0.07%	0.07%
UFPI	B	0.19%	0.18%	0.18%
UFPT	B	0.11%	0.09%	0.09%
UNF	B	0.11%	0.06%	0.06%
URBN	C	0.1%	0.04%	0.04%
USLM	A	0.14%	0.06%	0.06%
USPH	B	0.1%	0.03%	0.03%
UTI	A	0.1%	0.04%	0.04%
VCEL	B	0.14%	0.11%	0.11%
VCTR	B	0.14%	0.06%	0.06%
VECO	F	0.07%	0.04%	0.04%
VNT	B	0.17%	0.15%	0.15%
VOYA	B	0.22%	0.12%	0.12%
VRNS	D	0.16%	0.23%	0.16%
VRRM	D	0.11%	0.16%	0.11%
VVV	F	0.14%	0.2%	0.14%
WDFC	B	0.14%	0.15%	0.14%
WEN	D	0.13%	0.06%	0.06%
WFRD	D	0.17%	0.25%	0.17%
WH	B	0.22%	0.09%	0.09%
WINA	B	0.1%	0.05%	0.05%
WMG	C	0.19%	0.18%	0.18%
WSR	A	0.09%	0.01%	0.01%
WTS	B	0.15%	0.23%	0.15%
WWD	B	0.24%	0.4%	0.24%
XHR	B	0.1%	0.06%	0.06%
YELP	C	0.13%	0.05%	0.05%
ZETA	D	0.13%	0.17%	0.13%
ZWS	B	0.16%	0.23%	0.16%

FSMD Overweight 282 Positions Relative to ISCG

Symbol	Grade	Weight
TPL	A	0.6%
EME	C	0.47%
LYV	A	0.45%
NTRA	B	0.44%
IBKR	A	0.44%
NRG	B	0.43%
LII	A	0.39%
NTNX	A	0.38%
SNA	A	0.38%
RPM	A	0.36%
FIX	A	0.36%
TW	A	0.35%
MANH	D	0.35%
UTHR	C	0.35%
PNR	A	0.35%
TOL	B	0.34%
WSO	A	0.34%
L	A	0.33%
NWSA	B	0.33%
EWBC	A	0.33%
OC	A	0.33%
RGA	A	0.32%
EQH	B	0.32%
SW	A	0.32%
CASY	A	0.32%
THC	D	0.32%
GGG	B	0.31%
PSTG	D	0.31%
TPR	B	0.31%
RNR	C	0.31%
ACM	A	0.31%
FTI	A	0.3%
DTM	B	0.3%
UNM	A	0.3%
ROL	B	0.29%
SCI	B	0.29%
SF	B	0.29%
REG	B	0.28%
AIZ	A	0.28%
CPT	B	0.28%
ELS	C	0.28%
NDSN	B	0.28%
AMH	D	0.27%
FHN	A	0.27%
CHRW	C	0.27%
INCY	C	0.27%
JNPR	F	0.26%
ALLE	D	0.26%
CLH	B	0.26%
UHS	D	0.26%
WBS	A	0.26%
NVT	B	0.26%
NBIX	C	0.26%
BXP	D	0.26%
WAL	B	0.25%
LECO	B	0.25%
SOLV	C	0.25%
BSY	D	0.25%
BJ	A	0.25%
DKS	C	0.25%
TAP	C	0.25%
ORI	A	0.24%
GL	B	0.24%
BLD	D	0.24%
OGE	B	0.24%
OHI	C	0.24%
ERIE	D	0.24%
CMA	A	0.24%
WTFC	A	0.23%
TTEK	F	0.23%
CHDN	B	0.23%
DVA	B	0.23%
SRPT	D	0.23%
AFG	A	0.23%
ZION	B	0.23%
DOX	D	0.23%
HSIC	B	0.23%
SNX	C	0.22%
ALLY	C	0.22%
CBSH	A	0.22%
MORN	B	0.22%
WING	D	0.22%
SNV	B	0.22%
TFX	F	0.21%
HRL	D	0.21%
CHRD	D	0.21%
BWA	D	0.2%
KD	B	0.2%
JXN	C	0.2%
AXS	A	0.2%
TMHC	B	0.2%
BERY	B	0.2%
CRBG	B	0.2%
G	B	0.2%
CPB	D	0.2%
GEO	B	0.19%
WMS	D	0.19%
COOP	B	0.19%
BPOP	B	0.19%
MGY	A	0.19%
NFG	A	0.19%
TDS	B	0.19%
ACI	C	0.19%
ELAN	D	0.19%
OMF	A	0.19%
MEDP	D	0.19%
AOS	F	0.19%
EWTX	C	0.19%
MTH	D	0.18%
CNM	D	0.18%
UMBF	B	0.18%
MHK	D	0.18%
DINO	D	0.18%
VMI	B	0.18%
CMC	B	0.18%
MTG	C	0.18%
BKH	A	0.17%
ESNT	D	0.17%
SMLR	B	0.17%
NXST	C	0.17%
SLM	A	0.17%
SN	D	0.17%
UGI	A	0.17%
ACLX	C	0.17%
GPI	A	0.17%
BYD	C	0.17%
CALM	A	0.16%
ASB	B	0.16%
CNO	A	0.16%
CTRE	D	0.16%
ZD	C	0.16%
BTU	B	0.16%
TGNA	B	0.16%
VIRT	B	0.16%
ALE	A	0.16%
CUZ	B	0.16%
SR	A	0.16%
OZK	B	0.16%
HII	D	0.16%
KTB	B	0.16%
ARW	D	0.16%
KBH	D	0.16%
GHC	C	0.15%
KRC	C	0.15%
SLGN	A	0.15%
SON	D	0.15%
FULT	A	0.15%
BRKR	D	0.15%
FHI	A	0.15%
NWE	B	0.15%
CIVI	D	0.15%
BCC	B	0.15%
TNL	A	0.15%
CATY	B	0.15%
AVT	C	0.15%
AGCO	D	0.15%
ABG	B	0.15%
PRGS	A	0.14%
HCC	B	0.14%
SLVM	B	0.14%
GTES	A	0.14%
ENVA	B	0.14%
AVA	A	0.14%
DEI	B	0.14%
TPH	D	0.14%
FLO	D	0.14%
AGR	B	0.14%
CXW	B	0.14%
GNW	A	0.14%
DXC	B	0.14%
ESGR	B	0.14%
MHO	D	0.14%
GPOR	B	0.14%
VSTO	A	0.13%
WKC	D	0.13%
NMIH	D	0.13%
WLK	D	0.13%
WU	D	0.13%
PBF	D	0.13%
HIW	D	0.13%
FBP	B	0.13%
PHIN	A	0.13%
ARCH	B	0.13%
BFH	B	0.13%
SUPN	C	0.13%
HOG	D	0.13%
AN	C	0.13%
TPB	B	0.13%
ADTN	A	0.12%
CXT	B	0.12%
MTX	B	0.12%
OGN	D	0.12%
SBH	C	0.12%
LBRT	D	0.12%
PLTK	B	0.12%
HUBG	A	0.12%
HMN	B	0.12%
PAG	B	0.12%
USM	B	0.12%
ASO	F	0.12%
WSBC	A	0.12%
PINC	B	0.12%
UTL	B	0.11%
HCI	C	0.11%
MDU	D	0.11%
SPNT	A	0.11%
LZB	B	0.11%
CPF	A	0.11%
SPOK	C	0.11%
DDS	B	0.11%
WABC	B	0.11%
CTBI	B	0.11%
STNG	F	0.11%
PFBC	B	0.11%
LTC	B	0.11%
OFG	B	0.11%
EQC	B	0.11%
PAHC	C	0.11%
AMRX	C	0.11%
BKE	B	0.11%
MCB	B	0.11%
LEVI	F	0.1%
SCSC	B	0.1%
TPC	C	0.1%
THFF	B	0.1%
ACT	D	0.1%
PDM	D	0.1%
SIRI	C	0.1%
SRCE	B	0.1%
UVE	B	0.1%
MSBI	B	0.1%
IBCP	B	0.1%
INVA	D	0.1%
INSW	F	0.1%
GIII	D	0.1%
CSV	B	0.1%
PLAB	C	0.1%
UVSP	B	0.1%
SXC	A	0.1%
PEBO	A	0.1%
SCHL	D	0.09%
KLG	C	0.09%
AMCX	C	0.09%
DEA	D	0.09%
FF	D	0.09%
UPBD	B	0.09%
CWCO	C	0.09%
GNE	D	0.09%
CUBI	C	0.09%
OLP	B	0.09%
ALX	D	0.08%
VNDA	C	0.08%
LPG	F	0.08%
HE	C	0.08%
SCS	C	0.08%
IMKTA	C	0.08%
HCSG	C	0.08%
ZYXI	D	0.08%
VSH	D	0.08%
PGRE	F	0.08%
COLL	F	0.08%
ETD	C	0.08%
SSTK	F	0.08%
UTMD	F	0.08%
EGY	D	0.08%
SMP	B	0.08%
KURA	F	0.08%
ASC	F	0.07%
KRT	A	0.07%
BRY	F	0.07%
CNXC	F	0.07%
EBF	F	0.07%
RMR	F	0.07%
OSUR	F	0.07%
METC	C	0.07%
NVEC	C	0.07%
IMMR	C	0.06%
PANL	F	0.06%
SIGA	F	0.06%
AMN	F	0.05%
KELYA	F	0.05%
CLW	F	0.04%

FSMD Underweight 691 Positions Relative to ISCG

Symbol	Grade	Weight
TOST	B	-0.71%
FTAI	B	-0.69%
COHR	B	-0.64%
SOFI	A	-0.61%
AFRM	B	-0.6%
CVNA	B	-0.56%
INSM	C	-0.49%
NCLH	B	-0.46%
CTLT	B	-0.43%
IOT	A	-0.42%
CAVA	B	-0.41%
ARMK	B	-0.4%
TKO	B	-0.38%
CRS	A	-0.37%
MTZ	B	-0.36%
HQY	B	-0.36%
PEN	B	-0.36%
ROKU	D	-0.36%
BILL	A	-0.35%
PCTY	B	-0.35%
LNW	D	-0.34%
EGP	F	-0.34%
ITCI	C	-0.33%
SMAR	A	-0.32%
SPXC	A	-0.32%
KBR	F	-0.32%
S	B	-0.31%
GTLS	B	-0.3%
ATI	D	-0.3%
RYAN	B	-0.29%
FRPT	B	-0.29%
GTLB	B	-0.29%
MOD	A	-0.28%
WSC	D	-0.28%
AZEK	A	-0.28%
CFLT	B	-0.27%
RHP	B	-0.27%
CWST	A	-0.27%
APG	B	-0.27%
LSCC	D	-0.27%
CART	C	-0.26%
MKTX	D	-0.26%
CGNX	C	-0.26%
ELF	C	-0.26%
KRG	B	-0.25%
FOUR	B	-0.25%
CHX	C	-0.24%
CRDO	B	-0.24%
LFUS	F	-0.24%
LBRDK	C	-0.23%
RMBS	C	-0.23%
SKY	A	-0.23%
PATH	C	-0.23%
TRNO	F	-0.23%
MARA	C	-0.22%
KNX	B	-0.22%
IONQ	B	-0.22%
VKTX	F	-0.22%
UPST	B	-0.22%
EDR	A	-0.22%
AVAV	D	-0.22%
CHWY	B	-0.21%
HCP	B	-0.21%
INSP	D	-0.21%
ITRI	B	-0.21%
BE	B	-0.2%
H	B	-0.2%
BOX	B	-0.2%
GNRC	B	-0.2%
HXL	D	-0.2%
KEX	C	-0.2%
IONS	F	-0.2%
MDGL	B	-0.2%
WK	B	-0.19%
FIVE	F	-0.19%
JEF	A	-0.19%
WEX	D	-0.18%
SHAK	C	-0.18%
CWAN	B	-0.17%
ORA	B	-0.17%
SITM	B	-0.16%
CCCS	B	-0.16%
BROS	B	-0.16%
NOV	C	-0.16%
SMTC	B	-0.15%
GME	C	-0.15%
GH	B	-0.15%
AI	B	-0.15%
KTOS	B	-0.15%
AXSM	B	-0.15%
SITE	D	-0.15%
ETSY	D	-0.15%
RARE	D	-0.15%
OPCH	D	-0.15%
BHVN	D	-0.15%
WTM	A	-0.14%
MIDD	C	-0.14%
ACHC	F	-0.14%
SMPL	B	-0.14%
CLF	F	-0.14%
RDDT	B	-0.14%
PECO	A	-0.14%
RIOT	C	-0.14%
APLE	B	-0.14%
LITE	B	-0.13%
CLSK	C	-0.13%
SLAB	D	-0.13%
HAS	D	-0.13%
AWR	B	-0.13%
ACVA	B	-0.13%
COLD	D	-0.13%
TPG	A	-0.13%
UEC	B	-0.13%
SG	B	-0.13%
NXT	C	-0.13%
AGO	B	-0.13%
AGYS	A	-0.12%
LPX	B	-0.12%
RVMD	C	-0.12%
RELY	B	-0.12%
BWIN	D	-0.12%
BL	B	-0.12%
CZR	F	-0.12%
RKLB	B	-0.12%
BDC	B	-0.12%
SAM	C	-0.12%
HRI	B	-0.12%
VCYT	B	-0.12%
RH	B	-0.12%
IRDM	D	-0.12%
RYTM	C	-0.12%
OSCR	D	-0.12%
CARG	C	-0.12%
NUVL	D	-0.12%
NCNO	B	-0.12%
IRT	A	-0.11%
NARI	C	-0.11%
RXO	C	-0.11%
NSP	D	-0.11%
FCFS	F	-0.11%
ALTM	C	-0.11%
CFR	B	-0.11%
CYTK	F	-0.11%
CNS	B	-0.11%
GAP	C	-0.11%
TMDX	F	-0.11%
GSHD	A	-0.11%
OII	B	-0.11%
THO	B	-0.11%
LIVN	F	-0.11%
FIVN	C	-0.11%
FRSH	C	-0.11%
DV	C	-0.11%
GXO	B	-0.11%
IRTC	D	-0.1%
FROG	C	-0.1%
APLS	D	-0.1%
TGTX	B	-0.1%
JBT	B	-0.1%
SKT	B	-0.1%
MAT	D	-0.1%
ALGM	D	-0.1%
MYRG	B	-0.1%
RPD	C	-0.1%
KLIC	B	-0.1%
HOMB	A	-0.1%
BIO	D	-0.1%
SPB	C	-0.1%
AL	B	-0.1%
INTA	A	-0.1%
PAR	B	-0.1%
MKSI	C	-0.1%
NPO	A	-0.1%
VERX	B	-0.1%
YOU	D	-0.09%
SWTX	C	-0.09%
STEP	B	-0.09%
WHD	B	-0.09%
PTGX	C	-0.09%
RYN	D	-0.09%
HURN	B	-0.09%
FLYW	C	-0.09%
BRZE	C	-0.09%
WULF	C	-0.09%
RCM	F	-0.09%
BC	C	-0.09%
CNMD	C	-0.09%
MSGS	A	-0.09%
GATX	A	-0.09%
EBC	B	-0.09%
PRVA	B	-0.09%
KWR	C	-0.09%
IPAR	B	-0.09%
BOOT	D	-0.09%
LYFT	C	-0.09%
SPR	D	-0.09%
GVA	A	-0.09%
ACLS	F	-0.09%
MTRN	C	-0.09%
AZTA	D	-0.08%
MNKD	C	-0.08%
POR	C	-0.08%
IDA	A	-0.08%
SYNA	C	-0.08%
ABM	B	-0.08%
BATRK	C	-0.08%
ICUI	D	-0.08%
AVDX	B	-0.08%
FFIN	B	-0.08%
GERN	D	-0.08%
ALG	B	-0.08%
CALX	D	-0.08%
VERA	B	-0.08%
JOE	F	-0.08%
AEIS	B	-0.08%
ACAD	D	-0.08%
SFBS	B	-0.08%
BBIO	F	-0.08%
YETI	C	-0.08%
VAL	D	-0.08%
PTCT	B	-0.08%
EXTR	B	-0.08%
VSEC	C	-0.08%
LEA	D	-0.08%
LCID	F	-0.08%
FRHC	B	-0.08%
AGIO	C	-0.07%
TBBK	B	-0.07%
PTEN	C	-0.07%
LOB	B	-0.07%
BLKB	B	-0.07%
XNCR	B	-0.07%
RRR	D	-0.07%
CRSP	D	-0.07%
REZI	A	-0.07%
MP	B	-0.07%
AIN	C	-0.07%
GFF	A	-0.07%
SGRY	F	-0.07%
ROG	D	-0.07%
TGLS	B	-0.07%
PD	C	-0.07%
ZI	D	-0.07%
TRN	C	-0.07%
FOLD	F	-0.07%
ATRC	C	-0.07%
AM	A	-0.07%
TDC	D	-0.07%
ALKT	B	-0.07%
OSW	A	-0.07%
IOVA	F	-0.07%
MGEE	C	-0.07%
CDP	C	-0.07%
ENV	B	-0.07%
KYMR	D	-0.07%
CDE	D	-0.06%
ATKR	C	-0.06%
EVH	F	-0.06%
COCO	B	-0.06%
DRS	B	-0.06%
LNN	B	-0.06%
NJR	A	-0.06%
ZUO	B	-0.06%
WRBY	B	-0.06%
DNLI	D	-0.06%
HASI	D	-0.06%
SBCF	A	-0.06%
MIRM	B	-0.06%
POWI	D	-0.06%
MBLY	C	-0.06%
MSGE	F	-0.06%
DBRG	F	-0.06%
WSFS	A	-0.06%
SPT	C	-0.06%
JJSF	B	-0.06%
PSMT	C	-0.06%
CWT	D	-0.06%
SMG	D	-0.06%
TDW	F	-0.06%
TRIP	F	-0.06%
LTH	C	-0.06%
RXST	F	-0.06%
CLDX	F	-0.06%
SONO	C	-0.06%
SXI	B	-0.06%
HLX	B	-0.06%
IIPR	D	-0.06%
KAR	B	-0.06%
CNK	B	-0.06%
AVPT	A	-0.06%
UCTT	D	-0.06%
IMVT	F	-0.06%
IMAX	B	-0.05%
ARLO	C	-0.05%
PRAX	C	-0.05%
ARWR	F	-0.05%
TFIN	A	-0.05%
LOAR	A	-0.05%
DGII	B	-0.05%
MGNI	A	-0.05%
PGNY	F	-0.05%
CPK	A	-0.05%
AIR	B	-0.05%
VIAV	B	-0.05%
CENX	B	-0.05%
ARCB	C	-0.05%
HAYW	B	-0.05%
WERN	C	-0.05%
RNG	B	-0.05%
MODG	F	-0.05%
TNDM	F	-0.05%
COHU	C	-0.05%
VICR	B	-0.05%
ALIT	C	-0.05%
LAUR	A	-0.05%
ASAN	C	-0.05%
TRUP	B	-0.05%
RIG	D	-0.05%
PCH	D	-0.05%
HGV	B	-0.05%
CWEN	C	-0.05%
BANF	B	-0.05%
APPN	B	-0.05%
FLNC	C	-0.05%
RVLV	B	-0.05%
DOCN	D	-0.05%
KVYO	C	-0.05%
IDYA	F	-0.05%
RAMP	C	-0.05%
THRM	D	-0.05%
RXRX	F	-0.05%
HHH	B	-0.05%
HUN	F	-0.05%
GSAT	C	-0.05%
HL	D	-0.05%
WVE	C	-0.05%
PYCR	C	-0.05%
MYGN	F	-0.05%
NTLA	F	-0.05%
HLIT	D	-0.05%
PRM	C	-0.04%
RLJ	C	-0.04%
DCO	C	-0.04%
TARS	B	-0.04%
IVT	B	-0.04%
BLND	B	-0.04%
SMMT	D	-0.04%
ERII	D	-0.04%
KROS	D	-0.04%
LZ	D	-0.04%
YEXT	A	-0.04%
VVI	C	-0.04%
LBRDA	C	-0.04%
DIOD	D	-0.04%
CLB	B	-0.04%
SRRK	B	-0.04%
XPEL	C	-0.04%
FTRE	D	-0.04%
IPGP	D	-0.04%
PDFS	C	-0.04%
DYN	F	-0.04%
ESTA	D	-0.04%
CXM	C	-0.04%
AMBA	B	-0.04%
SLNO	B	-0.04%
SYM	C	-0.04%
TNET	D	-0.04%
AKRO	B	-0.04%
SHC	F	-0.04%
HEES	B	-0.04%
TILE	B	-0.04%
NEO	C	-0.04%
ATEC	C	-0.04%
LCII	C	-0.04%
VMEO	B	-0.04%
GDYN	B	-0.04%
LC	A	-0.04%
PRO	C	-0.04%
AVDL	F	-0.04%
NFE	D	-0.04%
ICHR	C	-0.04%
AAP	C	-0.04%
EXPI	C	-0.04%
PHR	F	-0.04%
ARDX	F	-0.04%
HUT	B	-0.04%
HRMY	D	-0.04%
ULS	B	-0.04%
SYBT	B	-0.04%
PZZA	D	-0.04%
IAC	D	-0.04%
ALEX	C	-0.04%
LMND	B	-0.04%
CERT	F	-0.04%
RBRK	A	-0.04%
JOBY	B	-0.04%
OUT	A	-0.04%
QNST	B	-0.04%
UPWK	B	-0.03%
TALO	C	-0.03%
ARVN	D	-0.03%
CMCO	B	-0.03%
BLFS	C	-0.03%
NIC	B	-0.03%
VRDN	D	-0.03%
AMWD	C	-0.03%
LKFN	B	-0.03%
EOLS	D	-0.03%
SDGR	C	-0.03%
KGS	B	-0.03%
ACHR	B	-0.03%
LMB	A	-0.03%
BJRI	B	-0.03%
PUBM	C	-0.03%
INFN	C	-0.03%
AIOT	B	-0.03%
CHEF	A	-0.03%
NX	C	-0.03%
WTTR	B	-0.03%
AUPH	B	-0.03%
VRE	B	-0.03%
NTST	D	-0.03%
VSTS	C	-0.03%
CWH	B	-0.03%
UDMY	F	-0.03%
LBPH	A	-0.03%
ROIC	A	-0.03%
VRTS	B	-0.03%
HLIO	B	-0.03%
PWP	B	-0.03%
SNDX	F	-0.03%
CDRE	D	-0.03%
BASE	C	-0.03%
INDI	C	-0.03%
THR	B	-0.03%
UMH	C	-0.03%
NABL	F	-0.03%
AKR	B	-0.03%
SAVA	D	-0.03%
HAYN	C	-0.03%
COUR	F	-0.03%
IAS	C	-0.03%
CGON	F	-0.03%
DFIN	D	-0.03%
HI	C	-0.03%
AGM	C	-0.03%
AMPL	C	-0.03%
NVEE	F	-0.03%
WT	B	-0.03%
GO	C	-0.03%
FCPT	C	-0.03%
NBBK	B	-0.03%
JAMF	F	-0.03%
MTTR	B	-0.03%
GRC	A	-0.03%
DNOW	B	-0.03%
ADNT	F	-0.03%
EVTC	B	-0.03%
SCL	C	-0.03%
MLKN	D	-0.03%
UTZ	D	-0.03%
VITL	D	-0.03%
TXG	F	-0.03%
DVAX	C	-0.03%
ASPN	F	-0.03%
CCS	D	-0.03%
PLUG	F	-0.03%
NVCR	C	-0.03%
DNUT	D	-0.03%
PUMP	B	-0.02%
ALNT	C	-0.02%
IMXI	B	-0.02%
KNSA	F	-0.02%
DSGR	D	-0.02%
KOP	C	-0.02%
GOGO	C	-0.02%
FIGS	F	-0.02%
FNA	C	-0.02%
KIDS	D	-0.02%
ATEX	D	-0.02%
OMI	F	-0.02%
RPAY	D	-0.02%
EVRI	A	-0.02%
MMI	B	-0.02%
AVO	C	-0.02%
VZIO	A	-0.02%
BXC	B	-0.02%
PACS	F	-0.02%
PCRX	C	-0.02%
IMNM	F	-0.02%
SYRE	F	-0.02%
RCUS	F	-0.02%
BELFB	C	-0.02%
ECVT	C	-0.02%
OLO	B	-0.02%
AOSL	C	-0.02%
FC	F	-0.02%
ARCT	F	-0.02%
NXRT	B	-0.02%
EYPT	F	-0.02%
ATSG	B	-0.02%
BATRA	F	-0.02%
WNC	C	-0.02%
PTLO	F	-0.02%
CARS	B	-0.02%
FOXF	F	-0.02%
COGT	D	-0.02%
IE	C	-0.02%
FA	C	-0.02%
GABC	B	-0.02%
BMBL	C	-0.02%
DAWN	F	-0.02%
KRUS	B	-0.02%
ROOT	B	-0.02%
SIBN	F	-0.02%
TR	B	-0.02%
PRLB	A	-0.02%
OEC	C	-0.02%
LQDA	D	-0.02%
LAB	F	-0.02%
RUM	C	-0.02%
CWEN	C	-0.02%
AIV	C	-0.02%
WEAV	B	-0.02%
YORW	D	-0.02%
ESRT	C	-0.02%
SJW	D	-0.02%
MXL	C	-0.02%
FIP	D	-0.02%
AESI	B	-0.02%
ML	C	-0.02%
PEB	D	-0.02%
FWRG	C	-0.02%
MSEX	B	-0.02%
RLAY	F	-0.02%
SAFE	D	-0.02%
BTSG	C	-0.02%
INVX	C	-0.02%
GTY	B	-0.02%
TGI	B	-0.02%
AORT	B	-0.02%
MBIN	D	-0.02%
DXPE	B	-0.02%
MEG	F	-0.02%
DRVN	B	-0.02%
BFC	B	-0.02%
MLNK	B	-0.02%
ZIP	F	-0.02%
SAFT	C	-0.02%
LEU	C	-0.02%
TFSL	A	-0.02%
NVAX	F	-0.02%
RSI	B	-0.02%
WS	B	-0.02%
NN	B	-0.02%
BSIG	A	-0.02%
TDOC	C	-0.02%
CLVT	F	-0.02%
TLRY	F	-0.02%
GPRE	F	-0.02%
FSLY	D	-0.02%
MQ	F	-0.02%
LQDT	B	-0.02%
NOVA	F	-0.01%
CTOS	C	-0.01%
BOWL	C	-0.01%
EWCZ	F	-0.01%
ARKO	C	-0.01%
CTRI	C	-0.01%
PLPC	B	-0.01%
PGY	F	-0.01%
DNA	F	-0.01%
GDRX	F	-0.01%
KE	C	-0.01%
EVER	F	-0.01%
SAGE	F	-0.01%
PRME	F	-0.01%
HBT	B	-0.01%
HG	C	-0.01%
GCT	D	-0.01%
CELC	F	-0.01%
STOK	F	-0.01%
CGEM	F	-0.01%
OFLX	D	-0.01%
TNGX	F	-0.01%
SEMR	B	-0.01%
PLRX	F	-0.01%
LESL	C	-0.01%
ORIC	F	-0.01%
VREX	C	-0.01%
YMAB	F	-0.01%
MAX	F	-0.01%
QTRX	F	-0.01%
ANAB	F	-0.01%
ARHS	F	-0.01%
NEXT	B	-0.01%
ENFN	A	-0.01%
TH	C	-0.01%
ATRO	D	-0.01%
SEDG	F	-0.01%
CLBK	B	-0.01%
PLOW	D	-0.01%
SANA	F	-0.01%
ABSI	F	-0.01%
SNCY	C	-0.01%
SVV	F	-0.01%
FOR	F	-0.01%
NBR	C	-0.01%
MTUS	C	-0.01%
MLAB	D	-0.01%
EVCM	B	-0.01%
UHT	D	-0.01%
GDEN	B	-0.01%
CSTL	D	-0.01%
LAZR	F	-0.01%
RUSHB	B	-0.01%
AMBC	C	-0.01%
AVNS	F	-0.01%
NVTS	D	-0.01%
GES	F	-0.01%
MITK	C	-0.01%
FRPH	A	-0.01%
FWRD	D	-0.01%
MNTK	F	-0.01%
NRC	F	-0.01%
ULCC	D	-0.01%
GOOD	B	-0.01%
LFST	C	-0.01%
PLYM	F	-0.01%
AMPS	C	-0.01%
WOLF	F	-0.01%
MCW	B	-0.01%
DNTH	F	-0.01%
CHCT	C	-0.01%
GMRE	F	-0.01%
TBLA	D	-0.01%
IIIN	C	-0.01%
EVLV	F	-0.01%
NRDS	C	-0.01%
TTGT	C	-0.01%
EYE	C	-0.01%
VERV	F	-0.01%
TIPT	B	-0.01%
AMRC	F	-0.01%
SITC	D	-0.01%
RES	D	-0.01%
ATXS	F	-0.01%
CCB	A	-0.01%
CATX	F	-0.01%
SWBI	C	-0.01%
RBCAA	B	-0.01%
SVRA	D	-0.01%
FPI	B	-0.01%
IIIV	C	-0.01%
TTI	C	-0.01%
MRTN	C	-0.01%
PRA	C	-0.01%
RCKT	F	-0.01%
WMK	C	-0.01%
MGPI	F	-0.01%
EZPW	A	-0.01%
TMCI	D	-0.01%
BOC	C	-0.01%
MUX	F	-0.01%
ETWO	F	-0.01%
TALK	B	-0.01%
SWI	B	-0.01%
ALXO	F	-0.0%
NKLA	F	-0.0%
SCLX	F	-0.0%
STTK	F	-0.0%
CDLX	D	-0.0%
CHGG	D	-0.0%
DH	D	-0.0%
ZNTL	F	-0.0%
WEST	C	-0.0%
ACCD	D	-0.0%
BYON	F	-0.0%
TYRA	F	-0.0%
HPK	B	-0.0%
GYRE	F	-0.0%
ACTG	D	-0.0%
LEGH	D	-0.0%
LYEL	F	-0.0%
CYRX	F	-0.0%
TITN	C	-0.0%
CLNE	D	-0.0%
MYE	F	-0.0%
ALEC	F	-0.0%
REPX	A	-0.0%
OABI	F	-0.0%