ISCG vs. FESM ETF Comparison

Comparison of iShares Morningstar Small-Cap Growth ETF (ISCG) to Fidelity Enhanced Small Cap ETF (FESM)

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

$51.29

Average Daily Volume

29,317

Number of Holdings ^*

988

* may have additional holdings in another (foreign) market

FESM

Fidelity Enhanced Small Cap ETF

FESM Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.67

Average Daily Volume

114,560

Number of Holdings ^*

562

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FESM
30 Days	2.35%	3.38%
60 Days	5.10%	5.43%
90 Days	8.06%	8.64%
12 Months	31.43%	35.92%

288 Overlapping Holdings

Symbol	Grade	Weight in ISCG	Weight in FESM	Overlap
AAT	A	0.02%	0.36%	0.02%
ABM	B	0.08%	0.32%	0.08%
ABSI	F	0.01%	0.05%	0.01%
ACA	A	0.2%	0.37%	0.2%
ACAD	C	0.08%	0.11%	0.08%
ACIW	B	0.18%	0.05%	0.05%
ADMA	C	0.21%	0.11%	0.11%
ADUS	D	0.09%	0.1%	0.09%
AEO	F	0.08%	0.5%	0.08%
AGIO	C	0.07%	0.14%	0.07%
AIN	C	0.07%	0.08%	0.07%
AIR	B	0.04%	0.49%	0.04%
AIT	B	0.41%	0.47%	0.41%
AKRO	C	0.04%	0.06%	0.04%
ALEC	F	0.01%	0.02%	0.01%
ALKS	C	0.11%	0.21%	0.11%
ALRM	C	0.12%	0.16%	0.12%
ALTR	B	0.23%	0.1%	0.1%
AMAL	B	0.01%	0.09%	0.01%
AMBA	B	0.04%	0.09%	0.04%
AMPH	F	0.07%	0.1%	0.07%
ANF	C	0.28%	0.74%	0.28%
ANIP	D	0.04%	0.08%	0.04%
AORT	B	0.02%	0.22%	0.02%
AOSL	C	0.01%	0.04%	0.01%
APOG	B	0.03%	0.38%	0.03%
APPN	C	0.06%	0.06%	0.06%
ARCT	F	0.02%	0.06%	0.02%
ARLO	C	0.04%	0.17%	0.04%
AROC	A	0.07%	0.39%	0.07%
ARVN	F	0.03%	0.06%	0.03%
ARWR	D	0.05%	0.05%	0.05%
ATI	C	0.29%	0.32%	0.29%
ATRC	C	0.07%	0.13%	0.07%
ATRO	F	0.01%	0.05%	0.01%
AVNS	F	0.01%	0.18%	0.01%
AWR	A	0.13%	0.3%	0.13%
AX	B	0.09%	0.29%	0.09%
AXNX	A	0.14%	0.03%	0.03%
AXSM	B	0.14%	0.07%	0.07%
BANF	B	0.05%	0.43%	0.05%
BASE	C	0.03%	0.04%	0.03%
BBIO	F	0.09%	0.07%	0.07%
BBSI	B	0.03%	0.33%	0.03%
BCO	F	0.12%	0.24%	0.12%
BCPC	B	0.23%	0.09%	0.09%
BDC	B	0.12%	0.29%	0.12%
BGC	C	0.04%	0.66%	0.04%
BHE	B	0.04%	0.41%	0.04%
BL	C	0.12%	0.2%	0.12%
BLKB	B	0.07%	0.07%	0.07%
BMI	C	0.26%	0.4%	0.26%
BOOT	D	0.09%	0.05%	0.05%
BPMC	C	0.25%	0.16%	0.16%
BRC	C	0.07%	0.12%	0.07%
BSIG	A	0.02%	0.07%	0.02%
CDE	C	0.05%	0.07%	0.05%
CDP	C	0.08%	0.25%	0.08%
CECO	C	0.03%	0.35%	0.03%
CEIX	A	0.04%	0.25%	0.04%
CHGG	F	0.0%	0.03%	0.0%
CHX	C	0.23%	0.11%	0.11%
CLDX	F	0.06%	0.06%	0.06%
CNK	A	0.06%	0.14%	0.06%
CNMD	C	0.09%	0.35%	0.09%
CNXN	D	0.01%	0.18%	0.01%
COGT	D	0.02%	0.05%	0.02%
COKE	C	0.25%	0.32%	0.25%
CORT	C	0.13%	0.23%	0.13%
COUR	F	0.03%	0.04%	0.03%
CPRX	C	0.05%	0.14%	0.05%
CRAI	B	0.05%	0.22%	0.05%
CRDO	B	0.25%	0.36%	0.25%
CRNX	C	0.18%	0.13%	0.13%
CRS	A	0.34%	0.81%	0.34%
CRVL	A	0.13%	0.04%	0.04%
CSWI	A	0.27%	0.17%	0.17%
CVLT	B	0.3%	0.77%	0.3%
CVNA	A	0.53%	0.55%	0.53%
CWT	C	0.06%	0.2%	0.06%
CXM	C	0.04%	0.04%	0.04%
CYTK	D	0.12%	0.16%	0.12%
DCO	B	0.04%	0.17%	0.04%
DIOD	F	0.04%	0.1%	0.04%
DNLI	C	0.07%	0.07%	0.07%
DVAX	C	0.04%	0.02%	0.02%
DXPE	B	0.02%	0.16%	0.02%
DY	C	0.22%	0.15%	0.15%
DYN	F	0.04%	0.11%	0.04%
EGP	D	0.33%	0.08%	0.08%
ENS	D	0.07%	0.61%	0.07%
ENSG	D	0.33%	0.03%	0.03%
EOLS	F	0.03%	0.06%	0.03%
EPAC	B	0.11%	0.23%	0.11%
ESRT	C	0.02%	0.34%	0.02%
ETWO	F	0.02%	0.03%	0.02%
EXLS	B	0.29%	0.54%	0.29%
EXPI	C	0.04%	0.16%	0.04%
EXTR	C	0.09%	0.13%	0.09%
EZPW	A	0.01%	0.23%	0.01%
FFIN	B	0.08%	0.35%	0.08%
FIZZ	C	0.03%	0.03%	0.03%
FLNC	C	0.05%	0.17%	0.05%
FLYW	B	0.08%	0.05%	0.05%
FN	B	0.39%	0.74%	0.39%
FOLD	F	0.08%	0.14%	0.08%
FORM	F	0.13%	0.12%	0.12%
FSS	B	0.22%	0.08%	0.08%
FTDR	B	0.08%	0.08%	0.08%
FUL	F	0.1%	0.52%	0.1%
GATX	B	0.09%	0.01%	0.01%
GERN	F	0.08%	0.04%	0.04%
GFF	B	0.06%	0.3%	0.06%
GH	B	0.13%	0.35%	0.13%
GIC	F	0.01%	0.06%	0.01%
GKOS	A	0.3%	0.1%	0.1%
GMRE	F	0.01%	0.1%	0.01%
GPRE	F	0.03%	0.02%	0.02%
GRC	B	0.03%	0.03%	0.03%
HAE	C	0.18%	0.14%	0.14%
HALO	F	0.31%	0.21%	0.21%
HIMS	C	0.15%	0.03%	0.03%
HL	C	0.05%	0.19%	0.05%
HLIT	D	0.05%	0.09%	0.05%
HLX	C	0.06%	0.23%	0.06%
HNI	B	0.04%	0.2%	0.04%
HQY	A	0.34%	0.24%	0.24%
HSTM	A	0.03%	0.2%	0.03%
HURN	B	0.09%	0.21%	0.09%
HWKN	B	0.1%	0.53%	0.1%
IBP	F	0.2%	0.57%	0.2%
ICFI	F	0.13%	0.04%	0.04%
IDT	B	0.03%	0.03%	0.03%
IDYA	F	0.06%	0.04%	0.04%
IMVT	F	0.08%	0.01%	0.01%
INSM	C	0.47%	0.42%	0.42%
INTA	B	0.1%	0.17%	0.1%
IOVA	F	0.09%	0.04%	0.04%
IRTC	C	0.11%	0.17%	0.11%
ITRI	B	0.22%	0.47%	0.22%
JAMF	F	0.04%	0.07%	0.04%
JBSS	F	0.01%	0.02%	0.01%
KAR	A	0.06%	0.31%	0.06%
KE	C	0.01%	0.07%	0.01%
KNF	B	0.13%	0.13%	0.13%
KRYS	C	0.2%	0.11%	0.11%
KTOS	C	0.15%	0.31%	0.15%
KYMR	C	0.09%	0.03%	0.03%
LANC	D	0.16%	0.45%	0.16%
LGND	C	0.05%	0.09%	0.05%
LIVN	D	0.11%	0.07%	0.07%
LKFN	B	0.02%	0.52%	0.02%
LMAT	A	0.08%	0.03%	0.03%
LMB	A	0.02%	0.17%	0.02%
LMND	A	0.03%	0.51%	0.03%
LNTH	F	0.24%	0.07%	0.07%
LNW	F	0.37%	0.28%	0.28%
LTH	C	0.06%	0.08%	0.06%
MATX	B	0.08%	0.32%	0.08%
MCRI	A	0.04%	0.05%	0.04%
MCY	B	0.04%	0.03%	0.03%
MDGL	C	0.22%	0.15%	0.15%
MLNK	C	0.02%	0.05%	0.02%
MMSI	A	0.23%	0.4%	0.23%
MOG.A	B	0.19%	0.25%	0.19%
MQ	F	0.02%	0.02%	0.02%
MRTN	C	0.01%	0.23%	0.01%
MTRN	C	0.1%	0.08%	0.08%
MWA	B	0.11%	0.6%	0.11%
MXL	C	0.02%	0.48%	0.02%
MYE	F	0.0%	0.07%	0.0%
MYGN	F	0.06%	0.09%	0.06%
NABL	F	0.03%	0.06%	0.03%
NARI	C	0.1%	0.03%	0.03%
NBR	D	0.01%	0.24%	0.01%
NJR	A	0.05%	0.3%	0.05%
NOVA	F	0.0%	0.01%	0.0%
NPK	C	0.01%	0.03%	0.01%
NSSC	F	0.05%	0.04%	0.04%
NTLA	F	0.06%	0.02%	0.02%
NUVL	D	0.13%	0.04%	0.04%
NVAX	F	0.02%	0.07%	0.02%
NXRT	A	0.02%	0.04%	0.02%
OABI	D	0.01%	0.05%	0.01%
ONTO	F	0.34%	0.05%	0.05%
OPCH	F	0.15%	0.14%	0.14%
ORIC	F	0.01%	0.07%	0.01%
OSCR	C	0.09%	0.1%	0.09%
OTTR	C	0.06%	0.11%	0.06%
OUT	A	0.04%	0.53%	0.04%
PBH	A	0.06%	0.21%	0.06%
PCRX	C	0.02%	0.08%	0.02%
PCVX	D	0.46%	0.36%	0.36%
PD	C	0.07%	0.18%	0.07%
PDFS	D	0.04%	0.24%	0.04%
PECO	A	0.14%	0.34%	0.14%
PHR	F	0.05%	0.29%	0.05%
PJT	B	0.15%	0.18%	0.15%
PLPC	B	0.01%	0.25%	0.01%
PLXS	B	0.11%	0.23%	0.11%
PRLB	C	0.02%	0.08%	0.02%
PRO	C	0.04%	0.18%	0.04%
PSN	C	0.09%	0.24%	0.09%
PTCT	C	0.09%	0.17%	0.09%
PTGX	D	0.1%	0.08%	0.08%
QLYS	C	0.22%	0.56%	0.22%
QTRX	D	0.01%	0.06%	0.01%
QTWO	B	0.24%	0.8%	0.24%
RAMP	C	0.05%	0.02%	0.02%
RCKT	F	0.02%	0.03%	0.02%
REPX	A	0.0%	0.12%	0.0%
REZI	A	0.06%	0.46%	0.06%
RIG	D	0.05%	0.01%	0.01%
RLAY	F	0.03%	0.03%	0.03%
RMBS	C	0.24%	0.19%	0.19%
ROCK	D	0.09%	0.21%	0.09%
RUSHA	B	0.09%	0.08%	0.08%
RVMD	B	0.12%	0.26%	0.12%
RXO	C	0.11%	0.06%	0.06%
RXRX	D	0.06%	0.09%	0.06%
RYTM	C	0.13%	0.16%	0.13%
SAGE	F	0.01%	0.05%	0.01%
SANA	F	0.01%	0.03%	0.01%
SANM	B	0.07%	0.39%	0.07%
SEM	B	0.08%	0.07%	0.07%
SFBS	B	0.08%	0.18%	0.08%
SFM	A	0.41%	0.97%	0.41%
SHAK	C	0.2%	0.23%	0.2%
SIGI	B	0.07%	0.44%	0.07%
SJW	F	0.02%	0.21%	0.02%
SKT	A	0.09%	0.11%	0.09%
SKYW	B	0.11%	0.69%	0.11%
SMMT	D	0.04%	0.01%	0.01%
SMTC	C	0.16%	0.19%	0.16%
SNDX	F	0.04%	0.06%	0.04%
SNEX	B	0.05%	0.25%	0.05%
SPSC	F	0.27%	0.72%	0.27%
SPT	C	0.05%	0.08%	0.05%
SRRK	B	0.04%	0.13%	0.04%
STEP	B	0.09%	0.32%	0.09%
SVRA	F	0.02%	0.02%	0.02%
SWTX	C	0.07%	0.02%	0.02%
SXT	C	0.07%	0.32%	0.07%
TDOC	D	0.02%	0.08%	0.02%
TENB	D	0.2%	0.36%	0.2%
TGTX	B	0.09%	0.09%	0.09%
THR	B	0.03%	0.07%	0.03%
TILE	B	0.04%	0.22%	0.04%
TMCI	C	0.01%	0.05%	0.01%
TNC	F	0.04%	0.19%	0.04%
TNDM	F	0.05%	0.04%	0.04%
TNET	F	0.04%	0.02%	0.02%
TRN	A	0.07%	0.26%	0.07%
TRNO	D	0.23%	0.28%	0.23%
TRUP	B	0.05%	0.12%	0.05%
TWST	F	0.1%	0.14%	0.1%
TXRH	B	0.52%	0.04%	0.04%
UCTT	F	0.07%	0.37%	0.07%
UEC	A	0.12%	0.06%	0.06%
UFPI	C	0.18%	0.03%	0.03%
UHT	D	0.01%	0.05%	0.01%
URBN	C	0.04%	0.08%	0.04%
USLM	A	0.06%	0.03%	0.03%
VCEL	A	0.1%	0.03%	0.03%
VCYT	B	0.11%	0.15%	0.11%
VERA	C	0.08%	0.02%	0.02%
VICR	C	0.05%	0.35%	0.05%
VMEO	C	0.04%	0.51%	0.04%
VRE	A	0.03%	0.18%	0.03%
VREX	C	0.01%	0.29%	0.01%
VRTS	B	0.03%	0.14%	0.03%
WEAV	B	0.02%	0.07%	0.02%
WFRD	F	0.25%	0.01%	0.01%
WK	C	0.19%	0.28%	0.19%
WMK	B	0.01%	0.07%	0.01%
WS	B	0.02%	0.13%	0.02%
WSR	A	0.01%	0.13%	0.01%
WT	A	0.03%	0.51%	0.03%
WTS	B	0.22%	0.39%	0.22%
WVE	C	0.06%	0.08%	0.06%
XNCR	B	0.06%	0.02%	0.02%
YELP	C	0.05%	0.58%	0.05%
YEXT	B	0.04%	0.28%	0.04%
YMAB	F	0.01%	0.03%	0.01%
YOU	D	0.09%	0.32%	0.09%
ZIP	D	0.03%	0.05%	0.03%
ZNTL	D	0.0%	0.04%	0.0%
ZUO	B	0.05%	0.2%	0.05%

ISCG Overweight 700 Positions Relative to FESM

Symbol	Grade	Weight
COHR	B	0.65%
GWRE	A	0.64%
FTAI	A	0.62%
TOST	A	0.61%
CW	B	0.59%
SOFI	A	0.54%
ITT	A	0.5%
DUOL	A	0.47%
NCLH	B	0.46%
BWXT	A	0.45%
OWL	A	0.45%
CUBE	C	0.43%
EXEL	B	0.42%
AFRM	A	0.42%
EXP	B	0.42%
CTLT	D	0.42%
EHC	B	0.41%
IOT	A	0.41%
MUSA	B	0.41%
CAVA	C	0.41%
KNSL	B	0.4%
WWD	B	0.4%
ARMK	C	0.4%
KBR	F	0.38%
DCI	B	0.37%
AAON	B	0.37%
RBC	A	0.36%
BRBR	A	0.36%
PCTY	B	0.36%
NYT	D	0.35%
PEN	B	0.35%
ROKU	D	0.35%
MTZ	A	0.35%
ITCI	B	0.35%
TKO	A	0.34%
OLED	F	0.34%
CACI	C	0.34%
PLNT	A	0.33%
SKX	F	0.33%
CHE	F	0.33%
SSD	D	0.32%
MTCH	F	0.32%
SMAR	A	0.31%
SPXC	A	0.31%
MTSI	B	0.31%
TREX	D	0.31%
ATR	B	0.31%
S	B	0.3%
LSCC	D	0.3%
WSC	F	0.3%
BILL	B	0.3%
HLNE	A	0.3%
FCN	F	0.29%
RGEN	F	0.29%
ESTC	C	0.29%
APG	C	0.28%
CART	C	0.28%
GTLB	B	0.28%
GNTX	F	0.28%
CGNX	D	0.28%
FRPT	A	0.28%
RLI	A	0.28%
RYAN	B	0.28%
VKTX	F	0.28%
GTLS	A	0.28%
AYI	B	0.28%
DOCS	C	0.28%
BFAM	F	0.27%
AWI	B	0.27%
TPX	B	0.27%
AZEK	B	0.27%
NOVT	D	0.26%
ZETA	D	0.26%
CWST	A	0.26%
RHP	B	0.26%
MKTX	D	0.26%
FR	C	0.26%
SEIC	B	0.25%
LBRDK	C	0.25%
AVAV	C	0.25%
MOD	A	0.25%
ELF	C	0.25%
LFUS	D	0.25%
CR	A	0.24%
FOUR	A	0.24%
KRG	A	0.24%
STRL	A	0.24%
CFLT	B	0.24%
SUM	B	0.24%
REXR	F	0.24%
OLLI	D	0.24%
PRI	A	0.24%
UPST	B	0.24%
ZWS	B	0.23%
IONS	F	0.23%
RL	C	0.23%
INSP	F	0.23%
HLI	B	0.23%
AXTA	B	0.23%
VRNS	D	0.23%
PATH	C	0.23%
SKY	A	0.22%
VVV	D	0.22%
RGLD	C	0.22%
GMED	A	0.22%
KNX	B	0.22%
MLI	B	0.21%
EXPO	D	0.21%
CIEN	B	0.21%
ESAB	C	0.21%
EDR	A	0.21%
APPF	C	0.2%
FRT	B	0.2%
LAMR	D	0.2%
TTC	F	0.2%
RHI	C	0.2%
HCP	B	0.2%
HXL	F	0.2%
GNRC	B	0.2%
MARA	C	0.2%
CHWY	B	0.19%
FIVE	F	0.19%
FLS	A	0.19%
IONQ	B	0.19%
RDNT	B	0.19%
H	B	0.19%
LOPE	B	0.19%
KEX	B	0.19%
BOX	B	0.19%
WMG	C	0.18%
ORA	B	0.18%
DLB	F	0.18%
JEF	A	0.18%
PRCT	B	0.18%
PI	D	0.18%
IDCC	B	0.18%
WEX	F	0.18%
KAI	B	0.18%
RARE	F	0.17%
CWAN	B	0.17%
GPK	D	0.17%
FELE	B	0.17%
JLL	D	0.17%
BHVN	C	0.17%
CBT	C	0.17%
MASI	B	0.17%
ETSY	D	0.16%
ALSN	B	0.16%
NOV	D	0.16%
CHH	A	0.16%
ROAD	A	0.16%
SITE	D	0.16%
SITM	B	0.16%
CBZ	B	0.15%
BROS	A	0.15%
WDFC	B	0.15%
MTN	C	0.15%
ACHC	F	0.15%
CCCS	B	0.15%
CVCO	A	0.15%
VNT	C	0.15%
MSA	D	0.15%
VRRM	F	0.15%
CLF	F	0.15%
ITGR	B	0.14%
MIDD	D	0.14%
POST	C	0.14%
EPRT	A	0.14%
NXT	D	0.14%
NHI	D	0.14%
SLAB	F	0.14%
NNN	C	0.14%
PEGA	B	0.14%
APLE	B	0.14%
RIOT	C	0.14%
BRX	A	0.13%
HRI	C	0.13%
CZR	F	0.13%
MIR	A	0.13%
R	B	0.13%
NCNO	B	0.13%
GME	C	0.13%
SMPL	B	0.13%
COLD	F	0.13%
IRDM	F	0.13%
HAS	D	0.13%
EVR	B	0.13%
WTM	A	0.13%
HRB	D	0.13%
POWL	C	0.13%
ALV	C	0.13%
SG	B	0.13%
INGR	B	0.13%
RDDT	A	0.13%
SAM	C	0.12%
MGRC	B	0.12%
ACVA	A	0.12%
CARG	B	0.12%
CLSK	C	0.12%
LRN	A	0.12%
IOSP	C	0.12%
ADC	A	0.12%
BWIN	D	0.12%
FRSH	C	0.12%
AI	B	0.12%
THG	A	0.12%
RH	D	0.12%
VOYA	B	0.12%
TPG	A	0.12%
LITE	B	0.12%
LSTR	D	0.12%
AGO	A	0.12%
SAIC	F	0.12%
BE	A	0.11%
ALGM	F	0.11%
CFR	B	0.11%
FIVN	C	0.11%
TKR	F	0.11%
MKSI	C	0.11%
FCFS	F	0.11%
ALTM	C	0.11%
AMG	C	0.11%
PRIM	A	0.11%
AGYS	A	0.11%
ACLS	F	0.11%
DBX	C	0.11%
THO	C	0.11%
GAP	D	0.11%
OII	B	0.11%
CNS	B	0.11%
RELY	B	0.11%
TMDX	F	0.11%
DV	C	0.11%
BIO	C	0.11%
LPX	B	0.11%
STAG	D	0.11%
NSP	F	0.11%
GXO	B	0.11%
NPO	A	0.1%
LYFT	C	0.1%
AL	B	0.1%
FROG	C	0.1%
WULF	C	0.1%
APLS	F	0.1%
ESI	B	0.1%
MYRG	C	0.1%
PAR	A	0.1%
SPB	C	0.1%
RPD	C	0.1%
IRT	A	0.1%
UFPT	C	0.1%
IESC	A	0.1%
MAT	D	0.1%
KLIC	C	0.1%
VERX	A	0.1%
GSHD	B	0.1%
KFY	B	0.09%
VAL	F	0.09%
WHD	B	0.09%
RCM	A	0.09%
SHO	D	0.09%
RYN	D	0.09%
EBC	B	0.09%
SPR	D	0.09%
DORM	B	0.09%
WH	B	0.09%
MSGS	B	0.09%
STRA	C	0.09%
PRVA	C	0.09%
PIPR	B	0.09%
SGRY	F	0.09%
GVA	A	0.09%
IPAR	C	0.09%
EEFT	C	0.09%
BC	D	0.09%
OSK	C	0.09%
KWR	D	0.09%
HOMB	A	0.09%
PLMR	A	0.09%
RDN	D	0.09%
NSIT	F	0.09%
JBT	A	0.09%
BATRK	B	0.08%
RKLB	B	0.08%
ALG	C	0.08%
CRUS	F	0.08%
MNKD	B	0.08%
ICUI	D	0.08%
CALX	D	0.08%
FRHC	A	0.08%
AZTA	F	0.08%
JOE	F	0.08%
MMS	D	0.08%
IBOC	B	0.08%
YETI	D	0.08%
AEIS	B	0.08%
VSEC	B	0.08%
BRZE	C	0.08%
SYNA	D	0.08%
ZI	D	0.08%
CNX	A	0.08%
LEA	F	0.08%
LCID	F	0.08%
WEN	C	0.07%
AMKR	F	0.07%
TRIP	F	0.07%
UE	A	0.07%
CROX	F	0.07%
MGEE	A	0.07%
TGLS	B	0.07%
CTS	C	0.07%
APAM	B	0.07%
AM	A	0.07%
MSM	D	0.07%
IDA	A	0.07%
ALKT	B	0.07%
AVDX	B	0.07%
RRR	F	0.07%
TDC	D	0.07%
OSW	B	0.07%
ENV	B	0.07%
MP	C	0.07%
POR	C	0.07%
ROG	D	0.07%
ATGE	B	0.07%
CRSP	D	0.07%
ASTH	F	0.07%
ASH	F	0.07%
MBLY	C	0.06%
PGNY	F	0.06%
HHH	B	0.06%
WSFS	B	0.06%
LNN	B	0.06%
AVPT	A	0.06%
MIRM	C	0.06%
PYCR	C	0.06%
SBCF	B	0.06%
SMG	C	0.06%
DBRG	F	0.06%
DRS	B	0.06%
HASI	F	0.06%
ATKR	D	0.06%
AVDL	F	0.06%
PSMT	D	0.06%
VCTR	B	0.06%
GSAT	C	0.06%
IIPR	F	0.06%
XHR	B	0.06%
EVH	F	0.06%
ASGN	F	0.06%
JJSF	C	0.06%
RXST	F	0.06%
SXI	B	0.06%
POWI	D	0.06%
UNF	B	0.06%
MSGE	F	0.06%
OSIS	A	0.06%
SONO	C	0.06%
TDW	F	0.06%
TBBK	B	0.06%
LOB	C	0.06%
PTEN	C	0.06%
SHC	F	0.05%
LOAR	B	0.05%
HRMY	F	0.05%
ALIT	C	0.05%
FTRE	D	0.05%
ATEN	A	0.05%
QNST	C	0.05%
WINA	B	0.05%
HAYW	B	0.05%
PATK	D	0.05%
WRBY	A	0.05%
DGII	B	0.05%
IAC	D	0.05%
PRAX	C	0.05%
RVLV	B	0.05%
CERT	F	0.05%
VECO	F	0.05%
KVYO	D	0.05%
WERN	B	0.05%
LAUR	A	0.05%
PZZA	F	0.05%
ASAN	C	0.05%
VIAV	C	0.05%
CWEN	C	0.05%
ARCB	C	0.05%
PCH	D	0.05%
NEU	D	0.05%
RNG	C	0.05%
DOCN	D	0.05%
AZZ	A	0.05%
HGV	C	0.05%
PLUS	F	0.05%
INFA	D	0.05%
COCO	A	0.05%
NSA	C	0.05%
PPC	B	0.05%
COHU	D	0.05%
MODG	F	0.05%
THRM	F	0.05%
HUN	F	0.05%
ADNT	F	0.04%
TARS	C	0.04%
JOBY	B	0.04%
IAS	D	0.04%
CCS	F	0.04%
AMED	F	0.04%
DNUT	F	0.04%
PRM	B	0.04%
AGX	B	0.04%
PLUG	F	0.04%
CGON	F	0.04%
AMR	C	0.04%
VVI	B	0.04%
TXG	F	0.04%
NHC	B	0.04%
CLB	C	0.04%
ATEC	C	0.04%
MGNI	A	0.04%
GOLF	B	0.04%
XPEL	C	0.04%
ASPN	F	0.04%
TRNS	F	0.04%
LC	B	0.04%
SHOO	D	0.04%
LZ	C	0.04%
LCII	D	0.04%
NEO	C	0.04%
NFE	F	0.04%
AAP	D	0.04%
BNL	D	0.04%
LBRDA	C	0.04%
HEES	C	0.04%
ULS	C	0.04%
SYBT	B	0.04%
SLNO	C	0.04%
IPGP	D	0.04%
GDYN	C	0.04%
RBRK	A	0.04%
TFIN	B	0.04%
ALEX	B	0.04%
IMAX	A	0.04%
ARDX	F	0.04%
CPK	A	0.04%
STAA	F	0.04%
KROS	D	0.04%
ICHR	C	0.04%
CENX	B	0.04%
ESTA	F	0.04%
COLM	B	0.04%
ERII	D	0.04%
FWRG	C	0.03%
UPWK	C	0.03%
TALO	C	0.03%
PUBM	C	0.03%
INFN	D	0.03%
LAB	D	0.03%
AMWD	C	0.03%
BJRI	C	0.03%
WTTR	A	0.03%
TLRY	F	0.03%
CHEF	B	0.03%
CHCO	B	0.03%
PWP	A	0.03%
NX	C	0.03%
FSLY	F	0.03%
MEG	F	0.03%
LBPH	A	0.03%
ROIC	A	0.03%
NTST	D	0.03%
AUPH	C	0.03%
SAVA	C	0.03%
UMH	A	0.03%
VSTS	F	0.03%
BLFS	C	0.03%
HLIO	C	0.03%
AKR	A	0.03%
AMPL	B	0.03%
HAYN	A	0.03%
VRDN	D	0.03%
HI	C	0.03%
LEU	C	0.03%
GO	C	0.03%
DFIN	D	0.03%
FCPT	C	0.03%
CDRE	F	0.03%
UDMY	D	0.03%
AGM	B	0.03%
USPH	C	0.03%
HUT	B	0.03%
NBBK	B	0.03%
MTTR	B	0.03%
EVTC	B	0.03%
DNOW	B	0.03%
VITL	D	0.03%
SYM	B	0.03%
BLND	A	0.03%
NVEE	F	0.03%
INDI	C	0.03%
CASH	B	0.03%
MLKN	F	0.03%
SCL	D	0.03%
IVT	A	0.03%
RLJ	C	0.03%
UTZ	D	0.03%
NVCR	D	0.03%
UTI	A	0.03%
ROOT	B	0.02%
TALK	C	0.02%
DNTH	F	0.02%
GOGO	C	0.02%
ATXS	F	0.02%
CFB	C	0.02%
EIG	B	0.02%
DSGR	C	0.02%
EVRI	A	0.02%
ATEX	F	0.02%
VZIO	A	0.02%
KNSA	F	0.02%
HSII	B	0.02%
VERV	D	0.02%
KIDS	F	0.02%
BXC	B	0.02%
OMI	F	0.02%
WOLF	F	0.02%
MMI	B	0.02%
ECVT	C	0.02%
AVO	B	0.02%
EYPT	D	0.02%
OEC	C	0.02%
TR	B	0.02%
REX	D	0.02%
ATSG	A	0.02%
CARS	C	0.02%
BATRA	D	0.02%
RPAY	D	0.02%
BMBL	C	0.02%
GABC	B	0.02%
MLR	C	0.02%
TGI	A	0.02%
WNC	D	0.02%
BELFB	C	0.02%
FC	F	0.02%
FA	D	0.02%
FOXF	F	0.02%
AIV	C	0.02%
ACHR	B	0.02%
IE	C	0.02%
SLP	F	0.02%
KRUS	D	0.02%
CWEN	C	0.02%
RUM	C	0.02%
LQDA	F	0.02%
SKWD	A	0.02%
INVX	C	0.02%
ML	B	0.02%
HCKT	B	0.02%
INST	B	0.02%
PTLO	F	0.02%
PACS	F	0.02%
RCUS	F	0.02%
AESI	B	0.02%
NN	A	0.02%
RSI	B	0.02%
YORW	D	0.02%
GTY	A	0.02%
CATX	F	0.02%
CWH	C	0.02%
FIP	D	0.02%
AIOT	A	0.02%
SAFE	F	0.02%
CLVT	D	0.02%
DRVN	B	0.02%
MBIN	F	0.02%
PEB	F	0.02%
MRVI	F	0.02%
TFSL	A	0.02%
MSEX	B	0.02%
DAWN	D	0.02%
LQDT	A	0.02%
BTSG	B	0.02%
BFC	B	0.02%
IMNM	F	0.02%
ANDE	F	0.02%
KGS	A	0.02%
JBI	F	0.02%
SAFT	B	0.02%
SIBN	F	0.02%
REYN	D	0.02%
PRDO	B	0.02%
QCRH	B	0.02%
SYRE	D	0.02%
KFRC	D	0.02%
CMCO	C	0.02%
NIC	B	0.02%
SDGR	C	0.02%
CTOS	B	0.01%
CLNE	F	0.01%
BOWL	D	0.01%
CTRI	B	0.01%
TNGX	F	0.01%
ARKO	D	0.01%
EVER	F	0.01%
HG	C	0.01%
HBT	B	0.01%
SEMR	C	0.01%
GDRX	F	0.01%
EWCZ	D	0.01%
MAX	F	0.01%
OFLX	D	0.01%
NEXT	B	0.01%
LESL	C	0.01%
DNA	F	0.01%
GCT	C	0.01%
ENFN	B	0.01%
PRME	F	0.01%
STOK	D	0.01%
GDEN	B	0.01%
TH	C	0.01%
ANAB	F	0.01%
CGEM	F	0.01%
CLBK	C	0.01%
PLRX	D	0.01%
ARHS	F	0.01%
PLOW	D	0.01%
CELC	F	0.01%
AMPS	C	0.01%
AMBC	C	0.01%
PGY	F	0.01%
SCVL	F	0.01%
FOR	F	0.01%
EVCM	B	0.01%
MTUS	D	0.01%
SNCY	C	0.01%
FRPH	A	0.01%
RUSHB	B	0.01%
NVTS	F	0.01%
FNA	B	0.01%
GES	F	0.01%
LAZR	D	0.01%
SVV	F	0.01%
FWRD	D	0.01%
SEDG	F	0.01%
CSTL	C	0.01%
MLAB	F	0.01%
GOOD	A	0.01%
EVLV	F	0.01%
MITK	D	0.01%
LFST	C	0.01%
NRC	F	0.01%
CHCT	C	0.01%
TTGT	B	0.01%
IIIN	D	0.01%
TBLA	F	0.01%
CCB	A	0.01%
SITC	D	0.01%
MCW	C	0.01%
TTI	B	0.01%
AMRC	F	0.01%
PLYM	F	0.01%
EYE	C	0.01%
TIPT	B	0.01%
FPI	A	0.01%
RES	F	0.01%
CASS	B	0.01%
SWBI	C	0.01%
RBCAA	B	0.01%
ALNT	C	0.01%
ULCC	D	0.01%
NRDS	C	0.01%
PRA	B	0.01%
MNTK	F	0.01%
IIIV	B	0.01%
MUX	D	0.01%
PUMP	D	0.01%
IMXI	B	0.01%
FIGS	F	0.01%
SWI	B	0.01%
KOP	C	0.01%
MGPI	F	0.01%
BOC	D	0.01%
OLO	B	0.01%
ALXO	F	0.0%
STTK	F	0.0%
SCLX	F	0.0%
NKLA	F	0.0%
DH	F	0.0%
CDLX	D	0.0%
HPK	C	0.0%
TYRA	D	0.0%
ACCD	F	0.0%
WEST	C	0.0%
BYON	F	0.0%
ACTG	F	0.0%
LEGH	D	0.0%
LYEL	F	0.0%
GYRE	D	0.0%
TITN	D	0.0%
CYRX	F	0.0%

ISCG Underweight 274 Positions Relative to FESM

Symbol	Grade	Weight
LUMN	C	-0.86%
PAYO	A	-0.65%
JXN	C	-0.64%
MHO	D	-0.59%
CSGS	B	-0.59%
CRGY	A	-0.58%
COMP	B	-0.58%
NWBI	B	-0.57%
MTX	C	-0.56%
EME	A	-0.55%
FIX	A	-0.55%
PRG	C	-0.54%
MTDR	C	-0.51%
FHI	B	-0.5%
UPBD	C	-0.5%
FLR	B	-0.5%
IGT	F	-0.49%
TMHC	B	-0.47%
CODI	B	-0.44%
GT	C	-0.39%
CMPR	F	-0.39%
CBU	B	-0.37%
BAND	D	-0.36%
ABCB	B	-0.36%
UMBF	B	-0.34%
TPH	D	-0.34%
TEX	D	-0.34%
GNW	A	-0.33%
NMIH	D	-0.33%
SF	B	-0.32%
PFS	B	-0.31%
EQC	A	-0.31%
SWX	A	-0.31%
MTH	D	-0.3%
WOOF	D	-0.3%
EGHT	C	-0.29%
SXC	A	-0.28%
FBP	B	-0.28%
CNO	B	-0.27%
PRGS	B	-0.26%
HP	C	-0.25%
CPF	B	-0.23%
BUSE	B	-0.23%
RNST	B	-0.22%
PLAB	D	-0.22%
CRC	A	-0.22%
COMM	D	-0.22%
CALM	A	-0.22%
HWC	B	-0.22%
GEO	A	-0.22%
MAC	A	-0.22%
WABC	B	-0.21%
AXGN	D	-0.21%
RNA	C	-0.21%
OI	D	-0.21%
AXL	C	-0.21%
CTRE	C	-0.2%
KBH	D	-0.2%
PBI	B	-0.19%
MUR	F	-0.19%
FULT	B	-0.19%
UBSI	B	-0.19%
SBH	B	-0.18%
CADE	B	-0.18%
FRME	B	-0.18%
XRX	F	-0.18%
SLVM	C	-0.18%
BVS	C	-0.18%
HY	D	-0.18%
PRK	B	-0.17%
TDS	B	-0.17%
TVTX	C	-0.16%
EWTX	C	-0.16%
BOH	B	-0.16%
BCC	C	-0.16%
DOMO	C	-0.15%
STNG	D	-0.15%
WSBC	B	-0.15%
NFBK	B	-0.15%
AMSF	B	-0.15%
TRTX	B	-0.15%
SAH	B	-0.15%
OFG	B	-0.15%
CPS	C	-0.15%
GHC	B	-0.14%
NRIX	C	-0.14%
ETD	D	-0.14%
WKC	D	-0.14%
FLXS	B	-0.14%
UCB	A	-0.14%
SRCE	B	-0.13%
SLG	B	-0.13%
ZEUS	C	-0.12%
DK	D	-0.12%
KREF	D	-0.12%
AMRX	C	-0.12%
AMSC	C	-0.12%
HCAT	C	-0.11%
CDNA	D	-0.11%
HCI	C	-0.11%
LYTS	A	-0.11%
UNIT	B	-0.11%
EAT	A	-0.11%
ALE	A	-0.1%
LADR	B	-0.1%
TRUE	C	-0.1%
NGVC	A	-0.1%
INDB	B	-0.1%
FFBC	B	-0.1%
AUB	B	-0.1%
VTOL	B	-0.1%
BCRX	D	-0.1%
KURA	F	-0.1%
RDFN	D	-0.1%
VBTX	B	-0.09%
EBS	C	-0.09%
ADPT	C	-0.09%
ODP	F	-0.09%
AGS	A	-0.09%
AUR	C	-0.09%
ARQT	C	-0.09%
ARAY	D	-0.08%
FDP	B	-0.08%
BSRR	C	-0.08%
SGMO	C	-0.08%
CDMO	A	-0.08%
DEA	D	-0.08%
KTB	A	-0.08%
CATY	B	-0.08%
TCMD	B	-0.08%
AKBA	C	-0.08%
SSTK	F	-0.08%
MRC	B	-0.08%
SCS	B	-0.08%
PACB	D	-0.08%
LUNR	B	-0.07%
CTKB	C	-0.07%
KOD	B	-0.07%
HBI	B	-0.07%
NBTB	B	-0.07%
HRTG	C	-0.07%
FISI	B	-0.07%
PGC	A	-0.07%
LGF.A	F	-0.07%
IRWD	F	-0.07%
OPEN	F	-0.07%
NUVB	C	-0.07%
ATNI	F	-0.07%
PL	A	-0.07%
CTBI	B	-0.07%
MEDP	D	-0.07%
WSBF	B	-0.07%
REPL	C	-0.07%
COLL	F	-0.07%
ANNX	F	-0.06%
ERAS	C	-0.06%
TSHA	D	-0.06%
RVNC	F	-0.06%
IART	C	-0.06%
BGS	F	-0.06%
CDXS	B	-0.06%
CMC	B	-0.06%
TREE	F	-0.06%
CCCC	F	-0.06%
HURC	C	-0.06%
RM	D	-0.06%
BKD	F	-0.06%
AVD	C	-0.06%
CERS	D	-0.06%
FBK	B	-0.06%
ETNB	D	-0.05%
ALLK	D	-0.05%
DAKT	B	-0.05%
LGF.A	F	-0.05%
DSGN	C	-0.05%
PAHC	B	-0.05%
ORGO	B	-0.05%
OPY	B	-0.05%
OIS	C	-0.05%
STRO	D	-0.05%
BY	B	-0.05%
VNDA	C	-0.05%
EE	A	-0.05%
SNBR	F	-0.05%
CVBF	B	-0.05%
TSVT	F	-0.04%
HRTX	F	-0.04%
MGNX	D	-0.04%
LPSN	F	-0.04%
BLBD	F	-0.04%
BDTX	F	-0.04%
TERN	F	-0.04%
MSBI	B	-0.04%
BRSP	C	-0.04%
VYGR	F	-0.04%
ALX	D	-0.04%
KALV	F	-0.04%
NPAB	F	-0.04%
UVE	A	-0.04%
PRTS	C	-0.03%
ANIK	F	-0.03%
GCI	D	-0.03%
ACET	F	-0.03%
GIII	D	-0.03%
ENTA	F	-0.03%
RMAX	D	-0.03%
SHEN	F	-0.03%
CWCO	C	-0.03%
RLMD	F	-0.03%
MBWM	B	-0.03%
BEAM	C	-0.03%
BECN	B	-0.03%
STNE	F	-0.03%
MED	F	-0.03%
VSCO	A	-0.03%
ASC	D	-0.03%
STBA	B	-0.03%
FNKO	D	-0.03%
UVSP	B	-0.03%
ACLX	C	-0.03%
HROW	D	-0.03%
ARRY	F	-0.03%
HNST	A	-0.03%
BHLB	B	-0.03%
HUMA	F	-0.03%
FATE	F	-0.03%
EDIT	F	-0.03%
CSR	A	-0.03%
ANGO	C	-0.02%
SUPN	B	-0.02%
RCKY	F	-0.02%
EB	C	-0.02%
UPLD	B	-0.02%
DIN	C	-0.02%
ONTF	C	-0.02%
TNYA	C	-0.02%
CTMX	F	-0.02%
SPNS	F	-0.02%
ZIMV	F	-0.02%
ABUS	D	-0.02%
MCB	B	-0.02%
NKTR	F	-0.02%
TCBK	B	-0.02%
SPOK	B	-0.02%
MRSN	C	-0.02%
PGEN	F	-0.02%
CRBU	D	-0.02%
PRAA	C	-0.02%
FCF	B	-0.02%
DOC	D	-0.02%
TSE	F	-0.02%
ALHC	C	-0.02%
NKTX	F	-0.02%
MDXG	A	-0.02%
SFL	D	-0.02%
ALT	C	-0.02%
PDCO	F	-0.02%
KPTI	D	-0.02%
PBYI	D	-0.02%
FSTR	B	-0.02%
PKE	C	-0.02%
BOLT	F	-0.01%
CARA	D	-0.01%
ALVR	F	-0.01%
INO	F	-0.01%
ZDGE	F	-0.01%
FGEN	F	-0.01%
CHRS	F	-0.01%
AVTE	C	-0.01%
ADAP	F	-0.01%
SPCE	D	-0.01%
URGN	F	-0.01%
XBIT	F	-0.01%
CCBG	B	-0.01%