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

$43.88

Average Daily Volume

90,280

Number of Holdings ^*

578

* 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

$52.74

Average Daily Volume

30,061

Number of Holdings ^*

989

* may have additional holdings in another (foreign) market

Performance

Period	FSMD	ISCG
30 Days	5.58%	6.59%
60 Days	9.41%	10.72%
90 Days	13.29%	15.76%
12 Months	40.00%	42.21%

296 Overlapping Holdings

Symbol	Grade	Weight in FSMD	Weight in ISCG	Overlap
AAON	B	0.21%	0.33%	0.21%
AAT	C	0.1%	0.02%	0.02%
ACA	B	0.15%	0.19%	0.15%
ACIW	B	0.18%	0.17%	0.17%
ADC	B	0.21%	0.13%	0.13%
ADMA	B	0.2%	0.19%	0.19%
ADUS	D	0.12%	0.09%	0.09%
AEO	F	0.13%	0.09%	0.09%
AGX	B	0.15%	0.03%	0.03%
AIT	A	0.22%	0.38%	0.22%
ALKS	B	0.17%	0.11%	0.11%
ALRM	C	0.11%	0.11%	0.11%
ALSN	B	0.24%	0.15%	0.15%
ALTR	C	0.19%	0.25%	0.19%
ALV	C	0.19%	0.14%	0.14%
AMAL	B	0.1%	0.01%	0.01%
AMED	F	0.14%	0.04%	0.04%
AMG	C	0.17%	0.12%	0.12%
AMKR	F	0.11%	0.07%	0.07%
AMPH	C	0.14%	0.08%	0.08%
AMR	C	0.1%	0.03%	0.03%
ANDE	D	0.08%	0.02%	0.02%
ANF	D	0.19%	0.28%	0.19%
ANIP	C	0.09%	0.04%	0.04%
APAM	B	0.14%	0.07%	0.07%
APOG	B	0.11%	0.03%	0.03%
APPF	B	0.15%	0.19%	0.15%
AROC	B	0.15%	0.06%	0.06%
ASGN	B	0.15%	0.06%	0.06%
ASH	F	0.13%	0.08%	0.08%
ASTH	F	0.13%	0.09%	0.09%
ATEN	A	0.11%	0.04%	0.04%
ATGE	B	0.14%	0.07%	0.07%
ATR	A	0.27%	0.33%	0.27%
AWI	A	0.18%	0.26%	0.18%
AX	B	0.13%	0.08%	0.08%
AXNX	A	0.16%	0.15%	0.15%
AXTA	B	0.21%	0.24%	0.21%
AYI	A	0.24%	0.28%	0.24%
AZZ	B	0.1%	0.05%	0.05%
BBSI	A	0.09%	0.03%	0.03%
BCO	F	0.14%	0.14%	0.14%
BCPC	B	0.17%	0.23%	0.17%
BFAM	F	0.19%	0.33%	0.19%
BGC	B	0.16%	0.02%	0.02%
BHE	B	0.11%	0.03%	0.03%
BMI	B	0.18%	0.25%	0.18%
BNL	D	0.14%	0.04%	0.04%
BPMC	B	0.18%	0.24%	0.18%
BRBR	A	0.24%	0.37%	0.24%
BRC	B	0.12%	0.07%	0.07%
BRX	B	0.23%	0.13%	0.13%
BWXT	A	0.25%	0.48%	0.25%
CACI	B	0.29%	0.36%	0.29%
CASH	A	0.12%	0.03%	0.03%
CASS	B	0.09%	0.01%	0.01%
CBT	B	0.18%	0.18%	0.18%
CBZ	B	0.12%	0.14%	0.12%
CECO	D	0.06%	0.03%	0.03%
CEIX	B	0.16%	0.04%	0.04%
CFB	B	0.08%	0.02%	0.02%
CHCO	B	0.11%	0.03%	0.03%
CHE	D	0.21%	0.34%	0.21%
CHH	B	0.14%	0.17%	0.14%
CIEN	B	0.25%	0.2%	0.2%
CNX	B	0.22%	0.08%	0.08%
CNXN	C	0.08%	0.01%	0.01%
COKE	D	0.16%	0.25%	0.16%
COLM	B	0.13%	0.05%	0.05%
CORT	B	0.19%	0.11%	0.11%
CPRX	B	0.15%	0.04%	0.04%
CR	B	0.21%	0.23%	0.21%
CRAI	B	0.1%	0.05%	0.05%
CRNX	B	0.16%	0.18%	0.16%
CROX	F	0.17%	0.08%	0.08%
CRUS	F	0.16%	0.09%	0.09%
CRVL	B	0.14%	0.12%	0.12%
CSWI	B	0.17%	0.25%	0.17%
CTS	B	0.11%	0.07%	0.07%
CUBE	D	0.26%	0.45%	0.26%
CVCO	B	0.15%	0.15%	0.15%
CVLT	B	0.2%	0.29%	0.2%
CW	B	0.31%	0.57%	0.31%
DBX	B	0.19%	0.11%	0.11%
DCI	A	0.22%	0.38%	0.22%
DLB	C	0.15%	0.19%	0.15%
DOCS	B	0.21%	0.22%	0.21%
DORM	B	0.18%	0.09%	0.09%
DUOL	B	0.33%	0.46%	0.33%
DY	C	0.15%	0.22%	0.15%
EEFT	C	0.15%	0.1%	0.1%
EHC	B	0.26%	0.42%	0.26%
EIG	B	0.11%	0.02%	0.02%
ENS	D	0.13%	0.08%	0.08%
ENSG	C	0.24%	0.37%	0.24%
EPAC	B	0.12%	0.1%	0.1%
EPRT	C	0.18%	0.14%	0.14%
ESAB	B	0.2%	0.21%	0.2%
ESI	B	0.18%	0.1%	0.1%
ESTC	C	0.17%	0.3%	0.17%
EVR	B	0.25%	0.12%	0.12%
EXEL	B	0.29%	0.42%	0.29%
EXLS	A	0.2%	0.29%	0.2%
EXP	B	0.25%	0.42%	0.25%
EXPO	D	0.14%	0.21%	0.14%
FCN	D	0.17%	0.3%	0.17%
FELE	B	0.13%	0.17%	0.13%
FIZZ	B	0.09%	0.03%	0.03%
FLS	B	0.19%	0.18%	0.18%
FN	B	0.22%	0.38%	0.22%
FORM	D	0.11%	0.13%	0.11%
FR	D	0.19%	0.28%	0.19%
FRT	C	0.22%	0.2%	0.2%
FSS	C	0.14%	0.21%	0.14%
FTDR	B	0.17%	0.07%	0.07%
FUL	F	0.13%	0.1%	0.1%
GIC	D	0.06%	0.01%	0.01%
GKOS	A	0.2%	0.3%	0.2%
GMED	B	0.23%	0.22%	0.22%
GNTX	C	0.19%	0.3%	0.19%
GOLF	B	0.1%	0.04%	0.04%
GPK	D	0.21%	0.17%	0.17%
GWRE	A	0.35%	0.66%	0.35%
HAE	B	0.13%	0.15%	0.13%
HALO	B	0.21%	0.31%	0.21%
HCKT	A	0.1%	0.02%	0.02%
HIMS	B	0.14%	0.14%	0.14%
HLI	B	0.24%	0.23%	0.23%
HLNE	B	0.22%	0.3%	0.22%
HNI	B	0.1%	0.04%	0.04%
HRB	D	0.23%	0.14%	0.14%
HSII	B	0.08%	0.01%	0.01%
HSTM	A	0.1%	0.03%	0.03%
HWKN	C	0.1%	0.09%	0.09%
IBOC	B	0.13%	0.08%	0.08%
IBP	F	0.17%	0.22%	0.17%
ICFI	C	0.12%	0.13%	0.12%
IDCC	A	0.17%	0.18%	0.17%
IDT	B	0.14%	0.03%	0.03%
IESC	B	0.14%	0.09%	0.09%
INFA	D	0.1%	0.06%	0.06%
INGR	B	0.26%	0.13%	0.13%
IOSP	B	0.11%	0.11%	0.11%
ITGR	B	0.16%	0.13%	0.13%
ITT	A	0.26%	0.49%	0.26%
JBI	F	0.04%	0.02%	0.02%
JBSS	F	0.07%	0.02%	0.02%
JLL	C	0.3%	0.18%	0.18%
KAI	B	0.14%	0.17%	0.14%
KFRC	C	0.07%	0.02%	0.02%
KFY	B	0.13%	0.08%	0.08%
KNF	C	0.17%	0.13%	0.13%
KNSL	C	0.23%	0.4%	0.23%
KRYS	B	0.14%	0.19%	0.14%
LAMR	D	0.28%	0.22%	0.22%
LANC	B	0.14%	0.16%	0.14%
LGND	B	0.12%	0.05%	0.05%
LMAT	B	0.13%	0.08%	0.08%
LNTH	F	0.23%	0.31%	0.23%
LOPE	B	0.14%	0.16%	0.14%
LRN	B	0.16%	0.12%	0.12%
LSTR	B	0.17%	0.12%	0.12%
MASI	B	0.23%	0.17%	0.17%
MATX	B	0.17%	0.08%	0.08%
MCRI	A	0.1%	0.04%	0.04%
MCY	B	0.12%	0.04%	0.04%
MGRC	B	0.12%	0.12%	0.12%
MIR	C	0.16%	0.13%	0.13%
MLI	B	0.24%	0.19%	0.19%
MLR	B	0.08%	0.02%	0.02%
MMS	C	0.15%	0.08%	0.08%
MMSI	A	0.2%	0.24%	0.2%
MOG.A	B	0.16%	0.17%	0.16%
MRVI	F	0.08%	0.04%	0.04%
MSA	D	0.16%	0.16%	0.16%
MSM	B	0.12%	0.07%	0.07%
MTCH	F	0.25%	0.4%	0.25%
MTN	D	0.18%	0.15%	0.15%
MTSI	B	0.2%	0.27%	0.2%
MUSA	B	0.23%	0.41%	0.23%
MWA	B	0.13%	0.1%	0.1%
NEU	C	0.13%	0.05%	0.05%
NHC	B	0.1%	0.04%	0.04%
NHI	C	0.14%	0.14%	0.14%
NNN	F	0.21%	0.15%	0.15%
NOVT	C	0.17%	0.26%	0.17%
NPK	C	0.07%	0.01%	0.01%
NSA	D	0.13%	0.06%	0.06%
NSIT	F	0.14%	0.1%	0.1%
NSSC	F	0.07%	0.06%	0.06%
NYT	C	0.24%	0.38%	0.24%
OLED	F	0.19%	0.36%	0.19%
OLLI	D	0.17%	0.24%	0.17%
ONTO	F	0.22%	0.37%	0.22%
OSIS	C	0.11%	0.06%	0.06%
OSK	B	0.18%	0.09%	0.09%
OTTR	C	0.14%	0.06%	0.06%
OWL	B	0.25%	0.46%	0.25%
PATK	D	0.12%	0.05%	0.05%
PBH	A	0.15%	0.06%	0.06%
PCVX	D	0.29%	0.5%	0.29%
PEGA	A	0.16%	0.14%	0.14%
PI	D	0.18%	0.19%	0.18%
PIPR	B	0.16%	0.08%	0.08%
PJT	B	0.14%	0.14%	0.14%
PLMR	C	0.12%	0.09%	0.09%
PLNT	B	0.2%	0.29%	0.2%
PLUS	D	0.12%	0.05%	0.05%
PLXS	B	0.16%	0.11%	0.11%
POST	D	0.17%	0.15%	0.15%
POWL	B	0.16%	0.11%	0.11%
PPC	B	0.13%	0.05%	0.05%
PRCT	B	0.2%	0.18%	0.18%
PRDO	B	0.1%	0.02%	0.02%
PRI	A	0.25%	0.24%	0.24%
PRIM	B	0.15%	0.09%	0.09%
PSN	A	0.16%	0.1%	0.1%
QCRH	A	0.11%	0.02%	0.02%
QLYS	C	0.15%	0.19%	0.15%
QTWO	B	0.18%	0.21%	0.18%
R	B	0.18%	0.13%	0.13%
RBC	B	0.2%	0.35%	0.2%
RDN	C	0.15%	0.1%	0.1%
RDNT	B	0.17%	0.19%	0.17%
REX	C	0.11%	0.02%	0.02%
REXR	F	0.22%	0.26%	0.22%
REYN	D	0.09%	0.02%	0.02%
RGEN	D	0.2%	0.31%	0.2%
RGLD	C	0.24%	0.23%	0.23%
RHI	B	0.19%	0.19%	0.19%
RL	B	0.22%	0.22%	0.22%
RLI	A	0.19%	0.28%	0.19%
ROAD	B	0.15%	0.15%	0.15%
ROCK	B	0.1%	0.09%	0.09%
RUSHA	B	0.13%	0.09%	0.09%
SAIC	B	0.2%	0.13%	0.13%
SANM	B	0.15%	0.07%	0.07%
SCVL	D	0.08%	0.01%	0.01%
SEIC	A	0.22%	0.25%	0.22%
SEM	B	0.15%	0.08%	0.08%
SFM	B	0.32%	0.4%	0.32%
SHO	B	0.11%	0.09%	0.09%
SHOO	D	0.14%	0.04%	0.04%
SIGI	B	0.18%	0.07%	0.07%
SKWD	A	0.12%	0.02%	0.02%
SKX	F	0.21%	0.36%	0.21%
SKYW	B	0.16%	0.1%	0.1%
SLP	D	0.07%	0.02%	0.02%
SNEX	B	0.13%	0.05%	0.05%
SPSC	D	0.17%	0.26%	0.17%
SSD	D	0.19%	0.32%	0.19%
STAA	F	0.09%	0.05%	0.05%
STAG	F	0.18%	0.12%	0.12%
STRA	C	0.11%	0.08%	0.08%
STRL	B	0.17%	0.2%	0.17%
SUM	B	0.18%	0.25%	0.18%
SXT	B	0.13%	0.07%	0.07%
TENB	D	0.15%	0.2%	0.15%
THG	A	0.18%	0.12%	0.12%
TKR	F	0.13%	0.13%	0.13%
TNC	F	0.08%	0.04%	0.04%
TPX	C	0.22%	0.26%	0.22%
TREX	C	0.19%	0.33%	0.19%
TRNS	D	0.07%	0.04%	0.04%
TTC	D	0.2%	0.21%	0.2%
TWST	C	0.11%	0.1%	0.1%
TXRH	B	0.29%	0.53%	0.29%
UE	B	0.13%	0.07%	0.07%
UFPI	B	0.19%	0.18%	0.18%
UFPT	B	0.12%	0.09%	0.09%
UNF	B	0.11%	0.06%	0.06%
URBN	C	0.1%	0.04%	0.04%
USLM	B	0.13%	0.05%	0.05%
USPH	C	0.09%	0.03%	0.03%
UTI	B	0.09%	0.03%	0.03%
VCEL	B	0.11%	0.09%	0.09%
VCTR	B	0.13%	0.06%	0.06%
VECO	F	0.08%	0.05%	0.05%
VNT	B	0.18%	0.15%	0.15%
VOYA	A	0.21%	0.13%	0.13%
VRNS	D	0.17%	0.24%	0.17%
VRRM	F	0.11%	0.16%	0.11%
VVV	B	0.16%	0.22%	0.16%
WDFC	A	0.14%	0.15%	0.14%
WEN	C	0.15%	0.07%	0.07%
WFRD	D	0.17%	0.24%	0.17%
WH	A	0.21%	0.09%	0.09%
WINA	B	0.1%	0.05%	0.05%
WMG	B	0.18%	0.18%	0.18%
WSR	A	0.09%	0.01%	0.01%
WTS	B	0.15%	0.23%	0.15%
WWD	B	0.24%	0.39%	0.24%
XHR	B	0.1%	0.06%	0.06%
YELP	C	0.13%	0.05%	0.05%
ZETA	C	0.17%	0.22%	0.17%
ZWS	B	0.17%	0.23%	0.17%

FSMD Overweight 282 Positions Relative to ISCG

Symbol	Grade	Weight
TPL	A	0.53%
EME	B	0.45%
NRG	B	0.43%
LYV	A	0.4%
LII	B	0.4%
UTHR	B	0.38%
IBKR	A	0.38%
NTNX	B	0.36%
THC	B	0.36%
SNA	A	0.36%
TOL	B	0.35%
MANH	C	0.35%
RPM	B	0.35%
PNR	B	0.35%
NTRA	B	0.34%
TW	B	0.34%
CASY	A	0.32%
EWBC	A	0.32%
FIX	B	0.32%
WSO	A	0.32%
OC	B	0.32%
ACM	B	0.32%
NWSA	B	0.32%
RNR	D	0.32%
PSTG	D	0.32%
SW	C	0.31%
L	B	0.31%
EQH	B	0.31%
GGG	B	0.3%
INCY	B	0.3%
RGA	A	0.3%
TPR	B	0.29%
ELS	C	0.29%
UHS	D	0.29%
ROL	B	0.29%
SCI	B	0.29%
TTEK	C	0.29%
NDSN	B	0.29%
JNPR	C	0.29%
DTM	A	0.28%
BXP	D	0.28%
UNM	A	0.28%
FTI	B	0.28%
REG	B	0.28%
CPT	D	0.28%
NBIX	C	0.27%
SRPT	F	0.27%
CHRW	B	0.27%
SF	A	0.27%
ALLE	D	0.27%
BSY	D	0.27%
SOLV	C	0.27%
AMH	D	0.26%
BLD	F	0.26%
CLH	B	0.26%
BJ	B	0.26%
DKS	D	0.26%
OHI	B	0.25%
AIZ	A	0.25%
NVT	B	0.25%
DOX	A	0.25%
LECO	B	0.25%
WAL	B	0.24%
FHN	B	0.24%
TAP	B	0.24%
ERIE	F	0.24%
ORI	A	0.23%
CHDN	C	0.23%
TFX	F	0.23%
SNX	C	0.23%
MORN	A	0.23%
WBS	B	0.23%
WMS	F	0.23%
CMA	B	0.23%
GL	B	0.23%
OGE	B	0.23%
HRL	F	0.22%
CPB	F	0.22%
HSIC	F	0.22%
EWTX	B	0.22%
ALLY	C	0.22%
JXN	B	0.21%
CHRD	F	0.21%
SNV	B	0.21%
AOS	F	0.21%
ZION	B	0.21%
TMHC	C	0.21%
WING	D	0.21%
AFG	B	0.21%
DVA	C	0.21%
MEDP	D	0.2%
CRBG	C	0.2%
CBSH	A	0.2%
WTFC	A	0.2%
BWA	B	0.2%
AXS	B	0.19%
ACI	C	0.19%
MTH	D	0.19%
NFG	C	0.19%
BERY	C	0.19%
MHK	D	0.19%
TDS	B	0.18%
ARW	F	0.18%
CMC	B	0.18%
ACLX	B	0.18%
KBH	D	0.18%
DINO	D	0.18%
MGY	B	0.18%
BPOP	C	0.18%
NXST	C	0.18%
G	B	0.18%
VMI	B	0.18%
CNM	D	0.18%
MTG	D	0.18%
COOP	B	0.18%
OMF	B	0.18%
ELAN	D	0.18%
CUZ	C	0.17%
ESNT	D	0.17%
GPI	B	0.17%
UGI	D	0.17%
BYD	A	0.17%
UMBF	B	0.17%
HII	D	0.17%
BRKR	F	0.17%
SN	D	0.17%
BCC	B	0.16%
SLM	B	0.16%
BKH	B	0.16%
CTRE	C	0.16%
AVT	C	0.16%
KD	B	0.16%
ALE	A	0.16%
KTB	B	0.16%
BTU	C	0.16%
ESGR	C	0.15%
ASO	F	0.15%
TNL	A	0.15%
CNO	B	0.15%
NWE	C	0.15%
FHI	A	0.15%
CALM	A	0.15%
SON	F	0.15%
CIVI	F	0.15%
MHO	D	0.15%
SR	C	0.15%
KRC	C	0.15%
ABG	B	0.15%
AGCO	F	0.15%
OZK	B	0.15%
WU	F	0.14%
ZD	B	0.14%
AVA	D	0.14%
WLK	F	0.14%
DEI	C	0.14%
AGR	C	0.14%
VIRT	B	0.14%
SLVM	C	0.14%
TPH	D	0.14%
TGNA	B	0.14%
HIW	D	0.14%
FLO	F	0.14%
DXC	B	0.14%
GHC	B	0.14%
CATY	B	0.14%
SLGN	A	0.14%
ASB	B	0.14%
WKC	D	0.13%
GNW	A	0.13%
BFH	B	0.13%
FBP	B	0.13%
PINC	B	0.13%
ENVA	A	0.13%
NMIH	D	0.13%
VSTO	A	0.13%
SUPN	B	0.13%
OGN	F	0.13%
FULT	B	0.13%
AN	D	0.13%
HOG	F	0.13%
PRGS	A	0.13%
HCC	C	0.13%
GTES	B	0.13%
MTX	B	0.12%
ADTN	B	0.12%
STNG	F	0.12%
USM	B	0.12%
SBH	C	0.12%
HMN	B	0.12%
LBRT	D	0.12%
ARCH	B	0.12%
GPOR	B	0.12%
PHIN	B	0.12%
PAG	C	0.12%
PBF	F	0.12%
PLAB	C	0.11%
INVA	B	0.11%
INSW	F	0.11%
SIRI	C	0.11%
PDM	C	0.11%
BKE	A	0.11%
OFG	C	0.11%
TPB	A	0.11%
HUBG	B	0.11%
SPOK	A	0.11%
GIII	C	0.11%
LTC	A	0.11%
FF	D	0.11%
CXT	D	0.11%
SMLR	B	0.11%
PAHC	B	0.11%
PLTK	B	0.11%
AMRX	B	0.11%
WSBC	B	0.11%
EQC	B	0.11%
HCI	B	0.11%
SRCE	A	0.1%
KURA	D	0.1%
PEBO	B	0.1%
ACT	D	0.1%
GNE	D	0.1%
CPF	B	0.1%
MSBI	B	0.1%
UVSP	B	0.1%
MCB	A	0.1%
LZB	C	0.1%
DDS	C	0.1%
CTBI	B	0.1%
PFBC	B	0.1%
DEA	D	0.1%
UTL	C	0.1%
WABC	B	0.1%
GEO	B	0.1%
LEVI	F	0.1%
CSV	B	0.1%
OSUR	D	0.09%
EGY	F	0.09%
PGRE	B	0.09%
BRY	F	0.09%
ZYXI	C	0.09%
SCHL	D	0.09%
KLG	D	0.09%
CWCO	D	0.09%
SSTK	D	0.09%
SCSC	B	0.09%
CXW	B	0.09%
VSH	F	0.09%
THFF	A	0.09%
COLL	F	0.09%
UPBD	B	0.09%
SMP	B	0.09%
SPNT	C	0.09%
IBCP	B	0.09%
UVE	B	0.09%
SXC	B	0.09%
TPC	B	0.09%
OLP	B	0.09%
MDU	F	0.09%
SCS	C	0.08%
VNDA	B	0.08%
NVEC	B	0.08%
IMKTA	C	0.08%
RMR	F	0.08%
HE	F	0.08%
HCSG	B	0.08%
ETD	D	0.08%
AMCX	C	0.08%
ALX	D	0.08%
CUBI	B	0.08%
LPG	F	0.08%
UTMD	C	0.08%
KRT	A	0.07%
METC	C	0.07%
EBF	D	0.07%
KELYA	F	0.07%
CNXC	F	0.07%
SIGA	D	0.07%
AMN	F	0.07%
ASC	F	0.07%
IMMR	D	0.06%
PANL	D	0.06%
CLW	F	0.05%

FSMD Underweight 693 Positions Relative to ISCG

Symbol	Grade	Weight
FTAI	B	-0.61%
COHR	B	-0.59%
TOST	A	-0.54%
CVNA	B	-0.53%
SOFI	B	-0.49%
INSM	D	-0.47%
NCLH	A	-0.45%
CTLT	C	-0.45%
AFRM	A	-0.42%
ARMK	C	-0.42%
CAVA	B	-0.4%
IOT	B	-0.39%
KBR	B	-0.39%
PEN	B	-0.37%
PCTY	A	-0.36%
TKO	D	-0.36%
ITCI	B	-0.36%
LNW	C	-0.36%
EGP	D	-0.35%
ROKU	C	-0.34%
MTZ	B	-0.34%
CRS	B	-0.33%
SMAR	B	-0.33%
HQY	A	-0.32%
VKTX	D	-0.32%
LSCC	C	-0.31%
WSC	F	-0.3%
S	B	-0.3%
SPXC	B	-0.29%
MKTX	C	-0.29%
CART	B	-0.28%
GTLB	C	-0.28%
CGNX	B	-0.28%
RYAN	B	-0.28%
APG	B	-0.28%
ATI	D	-0.28%
LFUS	D	-0.27%
RHP	B	-0.27%
AZEK	B	-0.27%
CFLT	B	-0.26%
AVAV	C	-0.26%
FRPT	B	-0.26%
CWST	B	-0.26%
LBRDK	B	-0.25%
MOD	C	-0.24%
GTLS	A	-0.24%
PATH	C	-0.24%
INSP	D	-0.24%
TRNO	D	-0.24%
KRG	B	-0.24%
IONS	F	-0.24%
BILL	A	-0.24%
CHX	D	-0.23%
FOUR	B	-0.23%
CRDO	B	-0.23%
EDR	C	-0.23%
ELF	C	-0.23%
MDGL	B	-0.22%
HCP	A	-0.22%
ITRI	B	-0.22%
RMBS	C	-0.22%
SKY	C	-0.22%
FIVE	F	-0.22%
HXL	D	-0.21%
KNX	B	-0.21%
GNRC	B	-0.2%
BOX	B	-0.2%
SHAK	B	-0.2%
WEX	D	-0.19%
KEX	A	-0.19%
H	C	-0.19%
CHWY	B	-0.18%
BHVN	C	-0.18%
OPCH	F	-0.18%
ORA	C	-0.18%
RARE	F	-0.18%
MARA	C	-0.18%
ETSY	C	-0.17%
WK	B	-0.17%
CLF	D	-0.17%
JEF	B	-0.17%
COLD	F	-0.16%
UPST	B	-0.16%
NOV	D	-0.16%
ACHC	F	-0.16%
SITE	C	-0.16%
CCCS	B	-0.15%
NXT	D	-0.15%
CWAN	B	-0.15%
AXSM	B	-0.15%
WTM	A	-0.14%
MIDD	C	-0.14%
SG	C	-0.14%
IRDM	C	-0.14%
SMTC	B	-0.14%
PECO	B	-0.14%
HAS	D	-0.14%
APLE	B	-0.14%
KTOS	B	-0.14%
SLAB	F	-0.14%
GME	C	-0.13%
NUVL	D	-0.13%
AGO	B	-0.13%
RH	B	-0.13%
OSCR	F	-0.13%
BWIN	D	-0.13%
AWR	B	-0.13%
SMPL	B	-0.13%
CZR	D	-0.13%
TPG	B	-0.13%
SITM	B	-0.13%
CYTK	C	-0.12%
UEC	B	-0.12%
LIVN	D	-0.12%
ALTM	C	-0.12%
AI	C	-0.12%
ACLS	F	-0.12%
SAM	B	-0.12%
GXO	B	-0.12%
RVMD	B	-0.12%
BL	B	-0.12%
BIO	C	-0.12%
IONQ	B	-0.12%
NCNO	B	-0.12%
RDDT	B	-0.12%
BDC	B	-0.12%
HRI	B	-0.12%
YOU	C	-0.12%
RYTM	B	-0.11%
NARI	C	-0.11%
SPB	A	-0.11%
RPD	C	-0.11%
DV	C	-0.11%
ACVA	C	-0.11%
GSHD	B	-0.11%
LPX	A	-0.11%
RELY	B	-0.11%
PTGX	C	-0.11%
ALGM	F	-0.11%
MAT	C	-0.11%
VCYT	B	-0.11%
BROS	B	-0.11%
CNS	B	-0.11%
FCFS	D	-0.11%
RXO	C	-0.11%
THO	B	-0.11%
CARG	A	-0.11%
GAP	C	-0.11%
NSP	F	-0.11%
EVH	F	-0.11%
TMDX	F	-0.11%
GH	B	-0.11%
RIOT	C	-0.11%
KWR	C	-0.1%
RYN	F	-0.1%
FRSH	C	-0.1%
BBIO	F	-0.1%
BC	D	-0.1%
CLSK	C	-0.1%
FIVN	C	-0.1%
APLS	F	-0.1%
AL	B	-0.1%
JBT	C	-0.1%
IRTC	C	-0.1%
IRT	B	-0.1%
FROG	C	-0.1%
MKSI	D	-0.1%
SPR	F	-0.1%
AGYS	B	-0.1%
CFR	B	-0.1%
LITE	B	-0.1%
KLIC	B	-0.1%
IOVA	D	-0.1%
OII	B	-0.1%
BE	C	-0.09%
TDC	D	-0.09%
GATX	B	-0.09%
PRVA	B	-0.09%
GVA	B	-0.09%
PTCT	B	-0.09%
SRCL	B	-0.09%
PAR	A	-0.09%
HURN	B	-0.09%
GERN	D	-0.09%
VAL	F	-0.09%
TGTX	B	-0.09%
FOLD	D	-0.09%
VERX	B	-0.09%
CALX	F	-0.09%
LEA	F	-0.09%
LCID	F	-0.09%
INTA	B	-0.09%
BOOT	D	-0.09%
CNMD	C	-0.09%
HOMB	A	-0.09%
SKT	A	-0.09%
MYRG	B	-0.09%
MTRN	B	-0.09%
NPO	B	-0.09%
SGRY	D	-0.09%
IPAR	C	-0.09%
RCM	B	-0.09%
MSGS	B	-0.09%
RRR	F	-0.08%
TRIP	D	-0.08%
ALKT	C	-0.08%
SFBS	B	-0.08%
ACAD	C	-0.08%
SYNA	D	-0.08%
ABM	B	-0.08%
POR	D	-0.08%
VSEC	A	-0.08%
IIPR	F	-0.08%
LYFT	B	-0.08%
IMVT	D	-0.08%
ENV	B	-0.08%
WULF	B	-0.08%
CRSP	C	-0.08%
AZTA	D	-0.08%
ALG	B	-0.08%
YETI	C	-0.08%
BATRK	C	-0.08%
STEP	B	-0.08%
FRHC	B	-0.08%
BRZE	C	-0.08%
ICUI	C	-0.08%
CDP	C	-0.08%
AEIS	B	-0.08%
MNKD	C	-0.08%
JOE	F	-0.08%
EXTR	B	-0.08%
WHD	B	-0.08%
ZI	C	-0.08%
EBC	B	-0.08%
KYMR	B	-0.08%
UCTT	F	-0.07%
DBRG	F	-0.07%
DNLI	B	-0.07%
TGLS	B	-0.07%
MYGN	F	-0.07%
VERA	B	-0.07%
ATRC	B	-0.07%
MSGE	F	-0.07%
RKLB	B	-0.07%
RXST	F	-0.07%
AM	B	-0.07%
IDA	A	-0.07%
FLYW	C	-0.07%
OSW	A	-0.07%
SWTX	D	-0.07%
FFIN	B	-0.07%
TDW	F	-0.07%
PD	C	-0.07%
MP	B	-0.07%
HASI	F	-0.07%
ROG	D	-0.07%
SMG	C	-0.07%
SBCF	B	-0.06%
REZI	A	-0.06%
MBLY	C	-0.06%
ARDX	F	-0.06%
COHU	C	-0.06%
AGIO	B	-0.06%
LNN	B	-0.06%
HLX	D	-0.06%
SPT	D	-0.06%
SXI	B	-0.06%
RXRX	C	-0.06%
ATKR	C	-0.06%
LTH	D	-0.06%
MIRM	B	-0.06%
THRM	D	-0.06%
DOCN	D	-0.06%
CNK	A	-0.06%
ZUO	C	-0.06%
TNDM	F	-0.06%
MODG	F	-0.06%
AVDL	D	-0.06%
NTLA	F	-0.06%
PSMT	D	-0.06%
CWT	D	-0.06%
GFF	C	-0.06%
AIN	D	-0.06%
IDYA	D	-0.06%
LOB	C	-0.06%
KVYO	C	-0.06%
JJSF	B	-0.06%
HL	D	-0.06%
PTEN	D	-0.06%
POWI	C	-0.06%
XNCR	B	-0.06%
TBBK	B	-0.06%
SONO	C	-0.06%
HUN	F	-0.06%
AVDX	C	-0.06%
TRN	A	-0.06%
CLDX	F	-0.06%
MGEE	A	-0.06%
BLKB	C	-0.06%
PRAX	B	-0.05%
HRMY	D	-0.05%
WRBY	A	-0.05%
ERII	B	-0.05%
EXPI	B	-0.05%
ASPN	F	-0.05%
DGII	B	-0.05%
IMAX	B	-0.05%
ALIT	B	-0.05%
ARCB	C	-0.05%
IAC	F	-0.05%
ESTA	D	-0.05%
LAUR	B	-0.05%
CERT	F	-0.05%
SHC	D	-0.05%
BANF	B	-0.05%
WERN	B	-0.05%
ASAN	C	-0.05%
LOAR	B	-0.05%
RAMP	C	-0.05%
HGV	B	-0.05%
AVPT	A	-0.05%
VIAV	B	-0.05%
ARWR	C	-0.05%
HAYW	C	-0.05%
DRS	B	-0.05%
HLIT	D	-0.05%
COCO	B	-0.05%
RNG	C	-0.05%
KAR	A	-0.05%
PZZA	D	-0.05%
WSFS	A	-0.05%
HHH	B	-0.05%
CDE	D	-0.05%
PCH	F	-0.05%
CWEN	D	-0.05%
PGNY	F	-0.05%
APPN	B	-0.05%
NJR	B	-0.05%
RIG	D	-0.05%
TRUP	B	-0.05%
PYCR	C	-0.05%
FLNC	C	-0.05%
WVE	B	-0.05%
NVEE	C	-0.04%
EOLS	F	-0.04%
ATEC	C	-0.04%
YEXT	B	-0.04%
SMMT	D	-0.04%
DVAX	B	-0.04%
FTRE	D	-0.04%
CGON	C	-0.04%
IVT	B	-0.04%
XPEL	C	-0.04%
LZ	C	-0.04%
IAS	C	-0.04%
TARS	B	-0.04%
SNDX	D	-0.04%
MEG	F	-0.04%
ADNT	F	-0.04%
CLB	B	-0.04%
MGNI	A	-0.04%
PRM	C	-0.04%
UTZ	C	-0.04%
CENX	B	-0.04%
CCS	F	-0.04%
NFE	F	-0.04%
NEO	C	-0.04%
PDFS	B	-0.04%
NABL	F	-0.04%
HEES	B	-0.04%
DYN	D	-0.04%
GDYN	B	-0.04%
TILE	B	-0.04%
ICHR	C	-0.04%
LEU	C	-0.04%
TNET	D	-0.04%
CXM	C	-0.04%
MQ	F	-0.04%
DNUT	D	-0.04%
SYBT	B	-0.04%
AMBA	B	-0.04%
PLUG	D	-0.04%
LC	A	-0.04%
VITL	F	-0.04%
JAMF	F	-0.04%
SRRK	C	-0.04%
PRO	C	-0.04%
LBRDA	B	-0.04%
RVLV	A	-0.04%
AAP	D	-0.04%
ARLO	D	-0.04%
LCII	D	-0.04%
AKRO	C	-0.04%
KROS	B	-0.04%
TXG	F	-0.04%
TFIN	A	-0.04%
RBRK	B	-0.04%
DIOD	F	-0.04%
AIR	C	-0.04%
PHR	D	-0.04%
SLNO	B	-0.04%
ALEX	B	-0.04%
CPK	B	-0.04%
QNST	B	-0.04%
ULS	D	-0.04%
PACS	F	-0.04%
OUT	C	-0.04%
VICR	B	-0.04%
GSAT	B	-0.04%
IPGP	C	-0.04%
ZIP	C	-0.03%
VRE	C	-0.03%
AMWD	B	-0.03%
SDGR	C	-0.03%
TDOC	C	-0.03%
LAB	C	-0.03%
AUPH	B	-0.03%
PUBM	C	-0.03%
THR	D	-0.03%
ROIC	A	-0.03%
BLND	B	-0.03%
CHEF	B	-0.03%
BJRI	B	-0.03%
NVAX	F	-0.03%
FSLY	D	-0.03%
LMND	B	-0.03%
RLAY	F	-0.03%
NX	C	-0.03%
GO	D	-0.03%
VRTS	B	-0.03%
HUT	B	-0.03%
NTST	D	-0.03%
VRDN	C	-0.03%
HLIO	B	-0.03%
BLFS	B	-0.03%
INFN	C	-0.03%
DNOW	B	-0.03%
UMH	C	-0.03%
HI	C	-0.03%
GPRE	F	-0.03%
VSTS	D	-0.03%
LBPH	A	-0.03%
SYM	C	-0.03%
AMPL	C	-0.03%
SAVA	D	-0.03%
AGM	B	-0.03%
AKR	C	-0.03%
WT	B	-0.03%
DFIN	D	-0.03%
UDMY	C	-0.03%
VMEO	B	-0.03%
TLRY	F	-0.03%
HAYN	A	-0.03%
GRC	B	-0.03%
EVTC	B	-0.03%
NBBK	A	-0.03%
FCPT	D	-0.03%
ARVN	D	-0.03%
COUR	F	-0.03%
MTTR	B	-0.03%
JOBY	C	-0.03%
DCO	C	-0.03%
VVI	B	-0.03%
CDRE	F	-0.03%
RLJ	C	-0.03%
SCL	C	-0.03%
CLVT	F	-0.03%
MLKN	D	-0.03%
NVCR	C	-0.03%
DSGR	B	-0.02%
ETWO	D	-0.02%
SEDG	F	-0.02%
SWI	B	-0.02%
TALK	B	-0.02%
DNTH	C	-0.02%
AVO	B	-0.02%
BXC	B	-0.02%
MNTK	D	-0.02%
ATXS	D	-0.02%
MMI	B	-0.02%
MUX	F	-0.02%
NXRT	C	-0.02%
CARS	B	-0.02%
AMRC	F	-0.02%
VERV	C	-0.02%
ATEX	F	-0.02%
ECVT	C	-0.02%
VZIO	C	-0.02%
RPAY	C	-0.02%
TGI	B	-0.02%
KNSA	D	-0.02%
EVRI	A	-0.02%
SVRA	D	-0.02%
DXPE	B	-0.02%
GABC	A	-0.02%
BMBL	C	-0.02%
PCRX	D	-0.02%
TR	C	-0.02%
ACHR	C	-0.02%
WNC	C	-0.02%
OEC	D	-0.02%
BELFB	B	-0.02%
ARCT	F	-0.02%
OMI	F	-0.02%
NN	B	-0.02%
KIDS	F	-0.02%
EYPT	D	-0.02%
RCKT	F	-0.02%
BATRA	C	-0.02%
RCUS	C	-0.02%
AOSL	F	-0.02%
FA	D	-0.02%
INVX	D	-0.02%
CWH	C	-0.02%
IE	C	-0.02%
FOXF	F	-0.02%
AIV	D	-0.02%
RUM	C	-0.02%
FC	D	-0.02%
AESI	C	-0.02%
MXL	C	-0.02%
WEAV	B	-0.02%
FIGS	F	-0.02%
AIOT	B	-0.02%
ESRT	D	-0.02%
LMB	B	-0.02%
LQDT	A	-0.02%
PRLB	B	-0.02%
WTTR	B	-0.02%
CWEN	D	-0.02%
WS	B	-0.02%
FIP	C	-0.02%
LQDA	C	-0.02%
YORW	F	-0.02%
DRVN	A	-0.02%
BFC	B	-0.02%
BTSG	B	-0.02%
DAWN	B	-0.02%
SJW	D	-0.02%
PEB	D	-0.02%
IMNM	F	-0.02%
INST	B	-0.02%
MBIN	D	-0.02%
SIBN	C	-0.02%
KGS	A	-0.02%
TFSL	A	-0.02%
GTY	B	-0.02%
SAFT	B	-0.02%
SYRE	C	-0.02%
MSEX	B	-0.02%
FWRG	C	-0.02%
RSI	A	-0.02%
INDI	C	-0.02%
SAFE	F	-0.02%
BSIG	A	-0.02%
KRUS	C	-0.02%
AORT	C	-0.02%
CMCO	C	-0.02%
WOLF	F	-0.02%
TALO	B	-0.02%
MLNK	B	-0.02%
LKFN	B	-0.02%
PTLO	C	-0.02%
NIC	A	-0.02%
COGT	D	-0.02%
UPWK	B	-0.02%
CATX	F	-0.02%
BASE	C	-0.02%
PWP	B	-0.02%
CLNE	C	-0.01%
BOWL	D	-0.01%
MYE	F	-0.01%
CTRI	C	-0.01%
OABI	C	-0.01%
PLPC	A	-0.01%
ARKO	B	-0.01%
EVER	D	-0.01%
HBT	B	-0.01%
KE	C	-0.01%
NEXT	B	-0.01%
HG	D	-0.01%
ALEC	C	-0.01%
GCT	D	-0.01%
EWCZ	C	-0.01%
SEMR	C	-0.01%
VREX	C	-0.01%
OFLX	C	-0.01%
DNA	D	-0.01%
TH	C	-0.01%
LESL	D	-0.01%
GDEN	C	-0.01%
ARHS	F	-0.01%
STOK	C	-0.01%
PGY	D	-0.01%
SAGE	F	-0.01%
ENFN	B	-0.01%
PLOW	D	-0.01%
CLBK	B	-0.01%
PRME	C	-0.01%
ORIC	C	-0.01%
FNA	C	-0.01%
CELC	D	-0.01%
NOVA	F	-0.01%
TMCI	C	-0.01%
PLRX	C	-0.01%
CGEM	F	-0.01%
GDRX	F	-0.01%
ANAB	F	-0.01%
EVCM	B	-0.01%
MTUS	C	-0.01%
AMBC	C	-0.01%
NBR	C	-0.01%
ATRO	F	-0.01%
UHT	D	-0.01%
RUSHB	B	-0.01%
FRPH	B	-0.01%
LAZR	C	-0.01%
TNGX	F	-0.01%
QTRX	C	-0.01%
FOR	F	-0.01%
AMPS	D	-0.01%
SNCY	B	-0.01%
GOOD	B	-0.01%
MAX	F	-0.01%
MITK	C	-0.01%
GES	F	-0.01%
YMAB	D	-0.01%
EVLV	F	-0.01%
FWRD	D	-0.01%
AVNS	D	-0.01%
LFST	B	-0.01%
ALNT	C	-0.01%
NRC	D	-0.01%
ML	B	-0.01%
SVV	D	-0.01%
IIIN	D	-0.01%
MLAB	D	-0.01%
CCB	B	-0.01%
CSTL	C	-0.01%
TTI	C	-0.01%
TTGT	C	-0.01%
CHCT	C	-0.01%
TIPT	B	-0.01%
RBCAA	B	-0.01%
MCW	B	-0.01%
GMRE	F	-0.01%
PRA	B	-0.01%
EYE	D	-0.01%
FPI	B	-0.01%
ULCC	B	-0.01%
PLYM	F	-0.01%
RES	D	-0.01%
IMXI	B	-0.01%
PUMP	D	-0.01%
WMK	B	-0.01%
NVTS	F	-0.01%
MRTN	B	-0.01%
SITC	D	-0.01%
TBLA	D	-0.01%
GOGO	C	-0.01%
ABSI	D	-0.01%
SWBI	C	-0.01%
EZPW	B	-0.01%
NRDS	C	-0.01%
ROOT	C	-0.01%
IIIV	A	-0.01%
OLO	B	-0.01%
MGPI	F	-0.01%
SANA	F	-0.01%
KOP	D	-0.01%
ATSG	A	-0.01%
BOC	B	-0.01%
ALXO	F	-0.0%
STTK	F	-0.0%
SCLX	F	-0.0%
CHGG	D	-0.0%
NKLA	F	-0.0%
HPK	D	-0.0%
DH	D	-0.0%
ACCD	F	-0.0%
CDLX	D	-0.0%
WEST	C	-0.0%
TYRA	F	-0.0%
ZNTL	D	-0.0%
BYON	F	-0.0%
REPX	B	-0.0%
ACTG	F	-0.0%
LYEL	F	-0.0%
LEGH	C	-0.0%
GYRE	C	-0.0%
CTOS	C	-0.0%
TITN	D	-0.0%
CYRX	D	-0.0%