ISCG vs. FNCL ETF Comparison

Comparison of iShares Morningstar Small-Cap Growth ETF (ISCG) to Fidelity MSCI Financials Index ETF (FNCL)

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

$50.58

Average Daily Volume

29,404

Number of Holdings ^*

988

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.20

Average Daily Volume

104,920

Number of Holdings ^*

379

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FNCL
30 Days	0.86%	5.75%
60 Days	5.95%	12.30%
90 Days	8.54%	15.81%
12 Months	32.19%	48.06%

93 Overlapping Holdings

Symbol	Grade	Weight in ISCG	Weight in FNCL	Overlap
AFRM	A	0.42%	0.15%	0.15%
AGM	A	0.03%	0.03%	0.03%
AGO	A	0.12%	0.06%	0.06%
AMAL	B	0.01%	0.01%	0.01%
AMBC	C	0.01%	0.01%	0.01%
AMG	A	0.11%	0.07%	0.07%
APAM	A	0.07%	0.04%	0.04%
AX	A	0.09%	0.05%	0.05%
BANF	A	0.05%	0.03%	0.03%
BFC	B	0.02%	0.01%	0.01%
BGC	B	0.04%	0.05%	0.04%
BSIG	A	0.02%	0.01%	0.01%
CASH	A	0.03%	0.02%	0.02%
CASS	B	0.01%	0.01%	0.01%
CCB	A	0.01%	0.01%	0.01%
CFB	B	0.02%	0.01%	0.01%
CFR	A	0.11%	0.11%	0.11%
CHCO	A	0.03%	0.02%	0.02%
CLBK	B	0.01%	0.01%	0.01%
CNS	B	0.11%	0.03%	0.03%
DBRG	D	0.06%	0.03%	0.03%
DFIN	D	0.03%	0.02%	0.02%
EBC	A	0.09%	0.04%	0.04%
EEFT	C	0.09%	0.06%	0.06%
EIG	A	0.02%	0.02%	0.02%
EVR	A	0.13%	0.14%	0.13%
EVTC	C	0.03%	0.03%	0.03%
EZPW	A	0.01%	0.01%	0.01%
FFIN	A	0.08%	0.06%	0.06%
FLYW	B	0.08%	0.03%	0.03%
FOUR	B	0.24%	0.07%	0.07%
FRHC	A	0.08%	0.02%	0.02%
GABC	A	0.02%	0.02%	0.02%
GSHD	A	0.1%	0.03%	0.03%
HASI	F	0.06%	0.05%	0.05%
HBT	A	0.01%	0.0%	0.0%
HLI	A	0.23%	0.12%	0.12%
HLNE	A	0.3%	0.09%	0.09%
HOMB	A	0.09%	0.07%	0.07%
IBOC	A	0.08%	0.05%	0.05%
IIIV	B	0.01%	0.01%	0.01%
IMXI	B	0.01%	0.01%	0.01%
JEF	A	0.18%	0.15%	0.15%
KNSL	C	0.4%	0.12%	0.12%
LC	B	0.04%	0.02%	0.02%
LKFN	A	0.02%	0.02%	0.02%
LMND	A	0.03%	0.02%	0.02%
LOB	A	0.06%	0.02%	0.02%
MBIN	D	0.02%	0.01%	0.01%
MCY	A	0.04%	0.03%	0.03%
MKTX	C	0.26%	0.13%	0.13%
MQ	F	0.02%	0.02%	0.02%
NIC	A	0.02%	0.02%	0.02%
NRDS	C	0.01%	0.01%	0.01%
OSCR	F	0.09%	0.03%	0.03%
OWL	A	0.45%	0.14%	0.14%
PIPR	A	0.09%	0.08%	0.08%
PJT	A	0.15%	0.05%	0.05%
PLMR	A	0.09%	0.03%	0.03%
PRA	A	0.01%	0.01%	0.01%
PRI	A	0.24%	0.13%	0.13%
QCRH	A	0.02%	0.02%	0.02%
RBCAA	A	0.01%	0.01%	0.01%
RDN	C	0.09%	0.07%	0.07%
RLI	A	0.28%	0.08%	0.08%
RPAY	D	0.02%	0.01%	0.01%
RYAN	A	0.28%	0.09%	0.09%
SAFT	A	0.02%	0.02%	0.02%
SBCF	A	0.06%	0.03%	0.03%
SEIC	A	0.25%	0.11%	0.11%
SFBS	A	0.08%	0.06%	0.06%
SIGI	A	0.07%	0.07%	0.07%
SKWD	A	0.02%	0.02%	0.02%
SNEX	A	0.05%	0.04%	0.04%
SOFI	A	0.54%	0.15%	0.15%
STEP	A	0.09%	0.05%	0.05%
SYBT	A	0.04%	0.03%	0.03%
TBBK	A	0.06%	0.03%	0.03%
TFIN	A	0.04%	0.03%	0.03%
TFSL	A	0.02%	0.01%	0.01%
THG	A	0.12%	0.07%	0.07%
TIPT	A	0.01%	0.01%	0.01%
TOST	A	0.61%	0.15%	0.15%
TPG	B	0.12%	0.06%	0.06%
TRUP	A	0.05%	0.02%	0.02%
UPST	B	0.24%	0.05%	0.05%
VCTR	B	0.06%	0.04%	0.04%
VOYA	A	0.12%	0.1%	0.1%
VRTS	A	0.03%	0.02%	0.02%
WEX	F	0.18%	0.1%	0.1%
WSFS	A	0.06%	0.04%	0.04%
WT	A	0.03%	0.02%	0.02%
WTM	A	0.13%	0.06%	0.06%

ISCG Overweight 895 Positions Relative to FNCL

Symbol	Grade	Weight
COHR	B	0.65%
GWRE	B	0.64%
FTAI	A	0.62%
CW	B	0.59%
CVNA	A	0.53%
TXRH	A	0.52%
ITT	A	0.5%
INSM	D	0.47%
DUOL	B	0.47%
NCLH	B	0.46%
PCVX	D	0.46%
BWXT	A	0.45%
CUBE	C	0.43%
EXEL	B	0.42%
EXP	B	0.42%
CTLT	C	0.42%
EHC	B	0.41%
IOT	B	0.41%
AIT	A	0.41%
MUSA	A	0.41%
CAVA	B	0.41%
SFM	A	0.41%
WWD	B	0.4%
ARMK	C	0.4%
FN	C	0.39%
KBR	D	0.38%
LNW	D	0.37%
DCI	B	0.37%
AAON	A	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	B	0.35%
ITCI	B	0.35%
TKO	C	0.34%
HQY	A	0.34%
OLED	F	0.34%
CACI	C	0.34%
ONTO	F	0.34%
CRS	A	0.34%
PLNT	A	0.33%
SKX	D	0.33%
ENSG	D	0.33%
CHE	D	0.33%
EGP	D	0.33%
SSD	D	0.32%
MTCH	F	0.32%
SMAR	A	0.31%
HALO	D	0.31%
SPXC	A	0.31%
MTSI	B	0.31%
TREX	C	0.31%
ATR	B	0.31%
GKOS	B	0.3%
S	B	0.3%
LSCC	D	0.3%
WSC	F	0.3%
CVLT	B	0.3%
BILL	A	0.3%
FCN	F	0.29%
ATI	D	0.29%
RGEN	D	0.29%
EXLS	B	0.29%
ESTC	C	0.29%
APG	C	0.28%
CART	C	0.28%
GTLB	B	0.28%
GNTX	C	0.28%
CGNX	D	0.28%
FRPT	B	0.28%
VKTX	F	0.28%
GTLS	A	0.28%
ANF	C	0.28%
AYI	A	0.28%
DOCS	C	0.28%
BFAM	F	0.27%
AWI	A	0.27%
SPSC	D	0.27%
TPX	A	0.27%
AZEK	B	0.27%
CSWI	B	0.27%
NOVT	D	0.26%
ZETA	F	0.26%
BMI	B	0.26%
CWST	A	0.26%
RHP	B	0.26%
FR	D	0.26%
BPMC	D	0.25%
LBRDK	B	0.25%
AVAV	C	0.25%
MOD	C	0.25%
ELF	C	0.25%
COKE	C	0.25%
WFRD	F	0.25%
CRDO	C	0.25%
LFUS	D	0.25%
RMBS	C	0.24%
CR	A	0.24%
LNTH	F	0.24%
QTWO	A	0.24%
KRG	B	0.24%
STRL	B	0.24%
CFLT	C	0.24%
SUM	B	0.24%
REXR	F	0.24%
OLLI	D	0.24%
ZWS	B	0.23%
IONS	F	0.23%
BCPC	B	0.23%
RL	B	0.23%
INSP	F	0.23%
AXTA	A	0.23%
CHX	C	0.23%
VRNS	D	0.23%
TRNO	D	0.23%
PATH	D	0.23%
ALTR	B	0.23%
MMSI	A	0.23%
SKY	A	0.22%
FSS	C	0.22%
DY	C	0.22%
MDGL	C	0.22%
VVV	B	0.22%
RGLD	C	0.22%
ITRI	B	0.22%
GMED	A	0.22%
KNX	B	0.22%
QLYS	C	0.22%
WTS	A	0.22%
MLI	B	0.21%
ADMA	C	0.21%
EXPO	D	0.21%
CIEN	B	0.21%
ESAB	B	0.21%
EDR	A	0.21%
SHAK	B	0.2%
APPF	C	0.2%
FRT	B	0.2%
TENB	D	0.2%
LAMR	D	0.2%
IBP	F	0.2%
KRYS	D	0.2%
TTC	D	0.2%
RHI	B	0.2%
HCP	B	0.2%
ACA	B	0.2%
HXL	F	0.2%
GNRC	B	0.2%
MARA	B	0.2%
CHWY	B	0.19%
FIVE	F	0.19%
FLS	A	0.19%
IONQ	A	0.19%
MOG.A	B	0.19%
RDNT	B	0.19%
WK	B	0.19%
H	B	0.19%
LOPE	B	0.19%
KEX	A	0.19%
BOX	B	0.19%
HAE	A	0.18%
WMG	B	0.18%
ORA	B	0.18%
CRNX	C	0.18%
DLB	D	0.18%
PRCT	B	0.18%
UFPI	C	0.18%
PI	D	0.18%
IDCC	A	0.18%
ACIW	B	0.18%
KAI	A	0.18%
RARE	F	0.17%
CWAN	B	0.17%
GPK	D	0.17%
FELE	B	0.17%
JLL	C	0.17%
BHVN	C	0.17%
CBT	C	0.17%
MASI	A	0.17%
SMTC	C	0.16%
ETSY	D	0.16%
LANC	D	0.16%
ALSN	B	0.16%
NOV	D	0.16%
CHH	A	0.16%
ROAD	B	0.16%
SITE	D	0.16%
SITM	B	0.16%
HIMS	C	0.15%
CBZ	B	0.15%
BROS	A	0.15%
WDFC	A	0.15%
MTN	C	0.15%
ACHC	F	0.15%
CCCS	A	0.15%
CVCO	A	0.15%
KTOS	B	0.15%
VNT	C	0.15%
MSA	D	0.15%
VRRM	D	0.15%
OPCH	F	0.15%
CLF	F	0.15%
ITGR	B	0.14%
MIDD	D	0.14%
PECO	A	0.14%
POST	D	0.14%
EPRT	C	0.14%
NXT	C	0.14%
AXNX	A	0.14%
NHI	D	0.14%
SLAB	F	0.14%
AXSM	B	0.14%
NNN	D	0.14%
PEGA	B	0.14%
APLE	B	0.14%
RIOT	B	0.14%
BRX	A	0.13%
NUVL	D	0.13%
KNF	B	0.13%
AWR	A	0.13%
HRI	B	0.13%
CZR	F	0.13%
ICFI	F	0.13%
MIR	A	0.13%
R	A	0.13%
NCNO	B	0.13%
GME	C	0.13%
CORT	B	0.13%
SMPL	B	0.13%
FORM	F	0.13%
COLD	F	0.13%
IRDM	C	0.13%
HAS	D	0.13%
HRB	D	0.13%
POWL	C	0.13%
CRVL	B	0.13%
ALV	C	0.13%
GH	B	0.13%
SG	C	0.13%
INGR	B	0.13%
RYTM	C	0.13%
RDDT	B	0.13%
SAM	B	0.12%
MGRC	B	0.12%
ACVA	A	0.12%
UEC	B	0.12%
CARG	A	0.12%
CLSK	C	0.12%
LRN	A	0.12%
IOSP	C	0.12%
CYTK	D	0.12%
ADC	A	0.12%
BWIN	D	0.12%
FRSH	B	0.12%
AI	C	0.12%
BL	B	0.12%
RVMD	B	0.12%
RH	C	0.12%
BCO	F	0.12%
LITE	A	0.12%
LSTR	D	0.12%
BDC	B	0.12%
ALRM	C	0.12%
SAIC	D	0.12%
BE	A	0.11%
IRTC	C	0.11%
ALGM	F	0.11%
SKYW	A	0.11%
FIVN	C	0.11%
TKR	F	0.11%
MKSI	D	0.11%
FCFS	F	0.11%
ALKS	B	0.11%
ALTM	C	0.11%
PRIM	A	0.11%
AGYS	A	0.11%
ACLS	F	0.11%
EPAC	B	0.11%
DBX	C	0.11%
THO	B	0.11%
GAP	C	0.11%
VCYT	B	0.11%
OII	B	0.11%
LIVN	C	0.11%
RELY	B	0.11%
TMDX	F	0.11%
DV	C	0.11%
MWA	A	0.11%
BIO	C	0.11%
RXO	C	0.11%
LPX	A	0.11%
STAG	D	0.11%
NSP	F	0.11%
GXO	B	0.11%
PLXS	B	0.11%
NPO	A	0.1%
LYFT	B	0.1%
FUL	F	0.1%
AL	A	0.1%
FROG	C	0.1%
WULF	C	0.1%
APLS	F	0.1%
ESI	B	0.1%
MTRN	C	0.1%
HWKN	C	0.1%
TWST	F	0.1%
MYRG	B	0.1%
PAR	A	0.1%
SPB	C	0.1%
RPD	C	0.1%
IRT	A	0.1%
UFPT	C	0.1%
IESC	B	0.1%
MAT	C	0.1%
PTGX	D	0.1%
INTA	B	0.1%
KLIC	C	0.1%
NARI	C	0.1%
VERX	A	0.1%
VCEL	A	0.1%
KFY	B	0.09%
VAL	F	0.09%
KYMR	C	0.09%
EXTR	B	0.09%
WHD	B	0.09%
YOU	D	0.09%
RCM	A	0.09%
SHO	D	0.09%
ROCK	C	0.09%
RYN	D	0.09%
SPR	D	0.09%
PTCT	B	0.09%
ADUS	D	0.09%
GATX	A	0.09%
CNMD	C	0.09%
TGTX	B	0.09%
DORM	B	0.09%
WH	A	0.09%
MSGS	B	0.09%
STRA	C	0.09%
PRVA	B	0.09%
RUSHA	B	0.09%
HURN	B	0.09%
SGRY	F	0.09%
GVA	A	0.09%
IPAR	C	0.09%
IOVA	D	0.09%
SKT	A	0.09%
BOOT	C	0.09%
BC	D	0.09%
PSN	C	0.09%
OSK	C	0.09%
KWR	C	0.09%
NSIT	F	0.09%
JBT	B	0.09%
BBIO	F	0.09%
IMVT	D	0.08%
BATRK	D	0.08%
CDP	C	0.08%
RKLB	B	0.08%
ALG	B	0.08%
CRUS	F	0.08%
SEM	B	0.08%
ABM	B	0.08%
MNKD	B	0.08%
ICUI	D	0.08%
VERA	B	0.08%
CALX	F	0.08%
FTDR	B	0.08%
AZTA	F	0.08%
MATX	B	0.08%
JOE	F	0.08%
FOLD	F	0.08%
MMS	D	0.08%
AEO	F	0.08%
YETI	F	0.08%
LMAT	A	0.08%
AEIS	B	0.08%
VSEC	B	0.08%
BRZE	C	0.08%
SYNA	C	0.08%
ZI	D	0.08%
CNX	A	0.08%
LEA	F	0.08%
GERN	F	0.08%
LCID	F	0.08%
ACAD	C	0.08%
BLKB	D	0.07%
AIN	C	0.07%
WEN	C	0.07%
AMKR	F	0.07%
BRC	C	0.07%
UCTT	F	0.07%
TRIP	D	0.07%
TRN	A	0.07%
AROC	A	0.07%
UE	B	0.07%
CROX	F	0.07%
AGIO	B	0.07%
MGEE	A	0.07%
TGLS	A	0.07%
CTS	B	0.07%
AM	A	0.07%
MSM	C	0.07%
SXT	C	0.07%
IDA	A	0.07%
ALKT	B	0.07%
AVDX	C	0.07%
RRR	D	0.07%
DNLI	C	0.07%
ENS	D	0.07%
ATRC	C	0.07%
TDC	F	0.07%
OSW	B	0.07%
SANM	B	0.07%
ENV	B	0.07%
AMPH	F	0.07%
PD	C	0.07%
MP	B	0.07%
POR	D	0.07%
ROG	D	0.07%
ATGE	B	0.07%
CRSP	D	0.07%
ASTH	F	0.07%
SWTX	C	0.07%
ASH	F	0.07%
MBLY	C	0.06%
OTTR	C	0.06%
PGNY	F	0.06%
HHH	B	0.06%
LNN	B	0.06%
APPN	B	0.06%
AVPT	A	0.06%
MIRM	A	0.06%
PYCR	C	0.06%
SMG	D	0.06%
DRS	B	0.06%
CNK	A	0.06%
CWT	C	0.06%
HLX	D	0.06%
ATKR	C	0.06%
AVDL	F	0.06%
PSMT	D	0.06%
RXRX	F	0.06%
LTH	D	0.06%
GSAT	B	0.06%
KAR	A	0.06%
IIPR	F	0.06%
XHR	B	0.06%
WVE	C	0.06%
EVH	F	0.06%
CLDX	F	0.06%
ASGN	D	0.06%
USLM	A	0.06%
JJSF	C	0.06%
RXST	F	0.06%
MYGN	F	0.06%
SXI	A	0.06%
POWI	D	0.06%
PBH	A	0.06%
UNF	A	0.06%
GFF	A	0.06%
MSGE	D	0.06%
REZI	A	0.06%
IDYA	F	0.06%
NTLA	F	0.06%
OSIS	A	0.06%
SONO	C	0.06%
TDW	F	0.06%
XNCR	B	0.06%
PTEN	D	0.06%
SHC	D	0.05%
CPRX	C	0.05%
LOAR	B	0.05%
HRMY	D	0.05%
ALIT	C	0.05%
FTRE	D	0.05%
ATEN	A	0.05%
QNST	C	0.05%
PHR	F	0.05%
WINA	B	0.05%
HAYW	A	0.05%
PATK	C	0.05%
WRBY	A	0.05%
DGII	B	0.05%
IAC	D	0.05%
PRAX	C	0.05%
RVLV	A	0.05%
CERT	F	0.05%
VECO	F	0.05%
KVYO	C	0.05%
WERN	B	0.05%
LAUR	A	0.05%
PZZA	D	0.05%
FLNC	D	0.05%
ASAN	C	0.05%
VIAV	B	0.05%
CWEN	D	0.05%
ARCB	C	0.05%
LGND	B	0.05%
PCH	D	0.05%
NEU	C	0.05%
RNG	B	0.05%
DOCN	D	0.05%
RAMP	C	0.05%
AZZ	B	0.05%
HL	D	0.05%
NJR	A	0.05%
HGV	B	0.05%
SPT	C	0.05%
PLUS	F	0.05%
ARWR	D	0.05%
INFA	F	0.05%
YELP	C	0.05%
RIG	D	0.05%
HLIT	F	0.05%
TNDM	F	0.05%
VICR	B	0.05%
CDE	D	0.05%
CRAI	B	0.05%
COCO	B	0.05%
NSSC	F	0.05%
NSA	C	0.05%
PPC	B	0.05%
COHU	D	0.05%
MODG	F	0.05%
THRM	F	0.05%
ZUO	A	0.05%
HUN	F	0.05%
ADNT	F	0.04%
TARS	B	0.04%
YEXT	A	0.04%
JOBY	B	0.04%
IAS	D	0.04%
JAMF	F	0.04%
DYN	F	0.04%
CCS	F	0.04%
DCO	A	0.04%
BHE	B	0.04%
AMED	F	0.04%
DNUT	D	0.04%
PRM	C	0.04%
CXM	C	0.04%
AGX	B	0.04%
PLUG	D	0.04%
DVAX	C	0.04%
CGON	D	0.04%
AMR	C	0.04%
VVI	A	0.04%
SMMT	D	0.04%
URBN	C	0.04%
TXG	F	0.04%
NHC	B	0.04%
SRRK	C	0.04%
CLB	C	0.04%
ATEC	C	0.04%
MGNI	A	0.04%
GOLF	A	0.04%
XPEL	B	0.04%
ASPN	F	0.04%
TILE	A	0.04%
TRNS	F	0.04%
AMBA	B	0.04%
SHOO	D	0.04%
SNDX	D	0.04%
LZ	C	0.04%
LCII	D	0.04%
NEO	C	0.04%
NFE	F	0.04%
TNET	F	0.04%
AAP	D	0.04%
BNL	D	0.04%
PRO	C	0.04%
LBRDA	B	0.04%
PDFS	D	0.04%
HEES	B	0.04%
ULS	D	0.04%
OUT	A	0.04%
VMEO	B	0.04%
CEIX	A	0.04%
AKRO	C	0.04%
HNI	A	0.04%
SLNO	C	0.04%
DIOD	F	0.04%
IPGP	D	0.04%
GDYN	C	0.04%
RBRK	B	0.04%
ALEX	B	0.04%
IMAX	B	0.04%
ARDX	F	0.04%
CPK	A	0.04%
MCRI	A	0.04%
TNC	F	0.04%
ANIP	D	0.04%
STAA	F	0.04%
ARLO	D	0.04%
KROS	C	0.04%
ICHR	C	0.04%
EXPI	C	0.04%
CENX	A	0.04%
ESTA	D	0.04%
COLM	B	0.04%
ERII	B	0.04%
AIR	B	0.04%
BASE	C	0.03%
GPRE	F	0.03%
FWRG	C	0.03%
UPWK	B	0.03%
TALO	C	0.03%
PUBM	D	0.03%
INFN	C	0.03%
LAB	D	0.03%
IDT	B	0.03%
AMWD	B	0.03%
BJRI	A	0.03%
THR	C	0.03%
EOLS	F	0.03%
WTTR	A	0.03%
VRE	A	0.03%
TLRY	F	0.03%
CHEF	B	0.03%
ZIP	D	0.03%
PWP	A	0.03%
NX	C	0.03%
FSLY	D	0.03%
MEG	F	0.03%
LBPH	A	0.03%
RLAY	F	0.03%
ROIC	A	0.03%
BBSI	A	0.03%
NTST	D	0.03%
AUPH	B	0.03%
SAVA	C	0.03%
FIZZ	B	0.03%
UMH	C	0.03%
VSTS	F	0.03%
BLFS	D	0.03%
HLIO	B	0.03%
AKR	B	0.03%
AMPL	C	0.03%
HAYN	A	0.03%
VRDN	C	0.03%
HI	C	0.03%
LEU	C	0.03%
GO	C	0.03%
ARVN	D	0.03%
CECO	C	0.03%
FCPT	C	0.03%
CDRE	D	0.03%
UDMY	D	0.03%
USPH	C	0.03%
HUT	B	0.03%
NABL	F	0.03%
NBBK	B	0.03%
APOG	B	0.03%
MTTR	B	0.03%
DNOW	A	0.03%
COUR	F	0.03%
VITL	F	0.03%
SYM	C	0.03%
HSTM	B	0.03%
BLND	B	0.03%
NVEE	F	0.03%
INDI	C	0.03%
MLKN	F	0.03%
GRC	B	0.03%
SCL	D	0.03%
IVT	B	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	D	0.02%
GOGO	C	0.02%
ATXS	F	0.02%
ETWO	F	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	A	0.02%
ECVT	C	0.02%
AVO	B	0.02%
EYPT	D	0.02%
OEC	C	0.02%
TR	A	0.02%
PCRX	C	0.02%
NXRT	A	0.02%
REX	C	0.02%
ATSG	A	0.02%
CARS	B	0.02%
BATRA	D	0.02%
SVRA	F	0.02%
RCKT	F	0.02%
BMBL	C	0.02%
MLR	B	0.02%
TGI	A	0.02%
ARCT	F	0.02%
WNC	C	0.02%
BELFB	C	0.02%
FC	F	0.02%
FA	D	0.02%
FOXF	F	0.02%
AAT	C	0.02%
AIV	C	0.02%
ACHR	B	0.02%
IE	C	0.02%
SLP	F	0.02%
KRUS	C	0.02%
COGT	D	0.02%
CWEN	D	0.02%
RUM	D	0.02%
LQDA	F	0.02%
INVX	C	0.02%
PRLB	B	0.02%
ESRT	D	0.02%
ML	B	0.02%
HCKT	A	0.02%
INST	B	0.02%
PTLO	F	0.02%
PACS	F	0.02%
RCUS	F	0.02%
SJW	F	0.02%
AESI	D	0.02%
NN	B	0.02%
WEAV	B	0.02%
RSI	B	0.02%
YORW	D	0.02%
GTY	C	0.02%
CATX	F	0.02%
CWH	B	0.02%
FIP	D	0.02%
AIOT	B	0.02%
SAFE	F	0.02%
CLVT	F	0.02%
DRVN	A	0.02%
PEB	F	0.02%
MRVI	F	0.02%
MSEX	B	0.02%
DAWN	D	0.02%
LQDT	A	0.02%
BTSG	A	0.02%
IMNM	F	0.02%
ANDE	C	0.02%
DXPE	A	0.02%
MXL	C	0.02%
KGS	A	0.02%
JBI	F	0.02%
AORT	B	0.02%
SIBN	D	0.02%
REYN	D	0.02%
PRDO	B	0.02%
MLNK	C	0.02%
TDOC	C	0.02%
SYRE	D	0.02%
WS	B	0.02%
NVAX	F	0.02%
KFRC	D	0.02%
CMCO	C	0.02%
LMB	A	0.02%
SDGR	D	0.02%
CTOS	B	0.01%
CLNE	D	0.01%
BOWL	F	0.01%
CTRI	B	0.01%
TNGX	F	0.01%
ARKO	D	0.01%
OABI	D	0.01%
PLPC	B	0.01%
EVER	F	0.01%
HG	C	0.01%
KE	C	0.01%
SEMR	D	0.01%
GDRX	F	0.01%
ALEC	F	0.01%
NPK	B	0.01%
EWCZ	D	0.01%
VREX	C	0.01%
MAX	F	0.01%
OFLX	C	0.01%
NEXT	B	0.01%
LESL	C	0.01%
DNA	F	0.01%
GCT	D	0.01%
ENFN	A	0.01%
SAGE	F	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%
PLRX	D	0.01%
ARHS	F	0.01%
ORIC	D	0.01%
PLOW	D	0.01%
CELC	F	0.01%
AMPS	C	0.01%
ATRO	F	0.01%
PGY	F	0.01%
SCVL	F	0.01%
FOR	F	0.01%
EVCM	B	0.01%
MTUS	F	0.01%
UHT	D	0.01%
SNCY	B	0.01%
FRPH	A	0.01%
NBR	D	0.01%
RUSHB	B	0.01%
NVTS	F	0.01%
FNA	B	0.01%
GES	F	0.01%
LAZR	C	0.01%
SVV	D	0.01%
FWRD	D	0.01%
YMAB	D	0.01%
QTRX	D	0.01%
SEDG	F	0.01%
SANA	F	0.01%
CSTL	C	0.01%
MLAB	F	0.01%
GOOD	B	0.01%
EVLV	F	0.01%
MITK	C	0.01%
GIC	F	0.01%
LFST	C	0.01%
AVNS	F	0.01%
NRC	F	0.01%
CHCT	C	0.01%
TTGT	C	0.01%
IIIN	C	0.01%
GMRE	D	0.01%
TBLA	F	0.01%
SITC	D	0.01%
MCW	B	0.01%
TTI	B	0.01%
AMRC	F	0.01%
PLYM	F	0.01%
EYE	C	0.01%
FPI	B	0.01%
WSR	B	0.01%
RES	F	0.01%
SWBI	D	0.01%
ABSI	F	0.01%
ALNT	C	0.01%
ULCC	B	0.01%
AOSL	F	0.01%
TMCI	C	0.01%
MRTN	C	0.01%
JBSS	F	0.01%
MNTK	F	0.01%
WMK	B	0.01%
MUX	F	0.01%
PUMP	F	0.01%
FIGS	F	0.01%
SWI	B	0.01%
CNXN	D	0.01%
KOP	C	0.01%
MGPI	D	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%
CHGG	D	0.0%
DH	F	0.0%
CDLX	D	0.0%
HPK	F	0.0%
TYRA	F	0.0%
ACCD	F	0.0%
WEST	D	0.0%
BYON	F	0.0%
ACTG	F	0.0%
ZNTL	D	0.0%
LEGH	D	0.0%
LYEL	D	0.0%
GYRE	D	0.0%
NOVA	F	0.0%
REPX	A	0.0%
TITN	C	0.0%
CYRX	D	0.0%
MYE	F	0.0%

ISCG Underweight 286 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.8%
BRK.A	A	-7.7%
V	A	-6.0%
MA	A	-5.36%
BAC	A	-3.96%
WFC	A	-3.13%
GS	A	-2.39%
AXP	A	-2.11%
MS	A	-1.99%
SPGI	C	-1.94%
PGR	B	-1.88%
C	A	-1.64%
BX	A	-1.56%
FI	A	-1.54%
SCHW	A	-1.42%
MMC	C	-1.36%
CB	C	-1.34%
KKR	A	-1.17%
ICE	D	-1.11%
PNC	A	-1.01%
USB	B	-1.0%
PYPL	A	-1.0%
CME	A	-0.99%
MCO	C	-0.94%
AON	A	-0.92%
COF	A	-0.91%
APO	A	-0.81%
AJG	A	-0.79%
TFC	A	-0.78%
AFL	C	-0.73%
BK	A	-0.72%
TRV	A	-0.72%
AMP	A	-0.7%
AIG	B	-0.64%
MET	A	-0.63%
ALL	A	-0.62%
COIN	A	-0.6%
FIS	B	-0.6%
DFS	A	-0.57%
PRU	A	-0.57%
MSCI	A	-0.56%
SQ	A	-0.54%
ACGL	C	-0.47%
MTB	A	-0.45%
HIG	C	-0.44%
NDAQ	A	-0.41%
ARES	B	-0.4%
FITB	A	-0.4%
WTW	B	-0.4%
RJF	A	-0.39%
GPN	B	-0.37%
STT	A	-0.36%
SYF	A	-0.34%
TROW	A	-0.34%
BRO	B	-0.33%
HBAN	A	-0.32%
RF	A	-0.3%
FCNCA	A	-0.29%
CPAY	A	-0.29%
CINF	A	-0.29%
CFG	A	-0.28%
LPLA	A	-0.28%
MKL	A	-0.27%
NTRS	A	-0.27%
CBOE	D	-0.26%
PFG	C	-0.25%
KEY	A	-0.24%
WRB	A	-0.23%
IBKR	A	-0.22%
FDS	A	-0.22%
HOOD	A	-0.2%
L	A	-0.2%
EG	D	-0.2%
EQH	B	-0.2%
RGA	A	-0.19%
EWBC	A	-0.19%
FNF	C	-0.19%
RNR	D	-0.18%
TW	B	-0.18%
CG	B	-0.16%
JKHY	D	-0.16%
SF	A	-0.15%
UNM	A	-0.15%
FHN	A	-0.14%
AIZ	A	-0.14%
WAL	A	-0.13%
ALLY	C	-0.13%
WBS	A	-0.13%
GL	B	-0.13%
ERIE	F	-0.13%
PNFP	A	-0.12%
MORN	B	-0.12%
ORI	A	-0.12%
AFG	A	-0.12%
CBSH	A	-0.11%
WTFC	A	-0.11%
SNV	A	-0.11%
ZION	A	-0.11%
CMA	A	-0.11%
JXN	B	-0.1%
SSB	A	-0.1%
OMF	A	-0.09%
ONB	B	-0.09%
AXS	A	-0.09%
BPOP	C	-0.09%
PB	A	-0.09%
JHG	A	-0.08%
LNC	A	-0.08%
ESNT	D	-0.08%
IVZ	B	-0.08%
BEN	C	-0.08%
FNB	A	-0.08%
COOP	B	-0.08%
FAF	C	-0.08%
GBCI	A	-0.08%
COLB	A	-0.08%
AGNC	C	-0.08%
CADE	A	-0.08%
MTG	C	-0.08%
HWC	A	-0.07%
OZK	A	-0.07%
UBSI	A	-0.07%
UMBF	A	-0.07%
STWD	D	-0.07%
VLY	A	-0.06%
ABCB	A	-0.06%
CNO	A	-0.06%
SLM	A	-0.06%
MC	B	-0.06%
CATY	A	-0.05%
FULT	A	-0.05%
BHF	A	-0.05%
TCBI	A	-0.05%
WD	D	-0.05%
FHB	A	-0.05%
ESGR	B	-0.05%
KMPR	A	-0.05%
ASB	A	-0.05%
PFSI	D	-0.05%
ENVA	A	-0.04%
VIRT	A	-0.04%
BKU	A	-0.04%
INDB	A	-0.04%
HTLF	A	-0.04%
BXMT	D	-0.04%
SFNC	B	-0.04%
CACC	D	-0.04%
CVBF	A	-0.04%
WAFD	A	-0.04%
BOH	A	-0.04%
GNW	A	-0.04%
NMIH	D	-0.04%
FHI	A	-0.04%
FIBK	A	-0.04%
PRK	A	-0.04%
CBU	A	-0.04%
AUB	A	-0.04%
BOKF	A	-0.04%
FBP	A	-0.04%
UCB	A	-0.04%
NATL	B	-0.03%
OFG	B	-0.03%
FBK	A	-0.03%
BANC	A	-0.03%
PRG	A	-0.03%
TRMK	A	-0.03%
WSBC	A	-0.03%
NBTB	A	-0.03%
RNST	A	-0.03%
EFSC	A	-0.03%
IBTX	A	-0.03%
BANR	A	-0.03%
ABR	C	-0.03%
PFS	A	-0.03%
WU	F	-0.03%
PPBI	A	-0.03%
FRME	A	-0.03%
TOWN	A	-0.03%
FFBC	A	-0.03%
PAYO	A	-0.03%
DCOM	A	-0.02%
PMT	D	-0.02%
OCFC	A	-0.02%
SRCE	A	-0.02%
PEBO	A	-0.02%
ARI	D	-0.02%
RC	F	-0.02%
BHLB	A	-0.02%
ACT	C	-0.02%
NAVI	D	-0.02%
WABC	A	-0.02%
CODI	A	-0.02%
NBHC	A	-0.02%
SPNT	A	-0.02%
VBTX	A	-0.02%
LADR	A	-0.02%
HTH	B	-0.02%
TCBK	A	-0.02%
NNI	C	-0.02%
CUBI	B	-0.02%
STBA	A	-0.02%
BUSE	A	-0.02%
HOPE	A	-0.02%
HMN	A	-0.02%
SASR	A	-0.02%
NWBI	A	-0.02%
STC	A	-0.02%
FBNC	A	-0.02%
FCF	A	-0.02%
RKT	F	-0.02%
WRLD	D	-0.01%
HONE	A	-0.01%
KRNY	A	-0.01%
PX	A	-0.01%
CCBG	A	-0.01%
TRTX	B	-0.01%
UFCS	A	-0.01%
PAY	A	-0.01%
TREE	F	-0.01%
HAFC	A	-0.01%
GSBC	A	-0.01%
NFBK	A	-0.01%
MCB	A	-0.01%
SPFI	A	-0.01%
PGC	A	-0.01%
TRST	A	-0.01%
GDOT	C	-0.01%
BHB	A	-0.01%
FMNB	A	-0.01%
KREF	D	-0.01%
UVE	A	-0.01%
FSBC	A	-0.01%
UWMC	F	-0.01%
THFF	A	-0.01%
LPRO	C	-0.01%
SMBC	A	-0.01%
CTLP	B	-0.01%
MSBI	A	-0.01%
EQBK	A	-0.01%
CAC	A	-0.01%
CPF	A	-0.01%
MCBS	A	-0.01%
AMTB	B	-0.01%
BFST	B	-0.01%
BFH	A	-0.01%
HTBK	A	-0.01%
PFBC	A	-0.01%
OSBC	A	-0.01%
FG	A	-0.01%
CFFN	A	-0.01%
CMTG	D	-0.01%
FCBC	B	-0.01%
EGBN	A	-0.01%
FMBH	A	-0.01%
WASH	A	-0.01%
TMP	A	-0.01%
BRSP	B	-0.01%
HBNC	A	-0.01%
HFWA	A	-0.01%
BHRB	A	-0.01%
PRAA	C	-0.01%
DX	A	-0.01%
RWT	D	-0.01%
BY	A	-0.01%
MBWM	A	-0.01%
EFC	D	-0.01%
SBSI	B	-0.01%
OBK	A	-0.01%
ECPG	B	-0.01%
CNOB	A	-0.01%
CTBI	A	-0.01%
BRKL	A	-0.01%
IBCP	A	-0.01%
CNNE	B	-0.01%
HCI	B	-0.01%
FBMS	A	-0.01%
FBRT	C	-0.01%
UVSP	A	-0.01%
AMSF	A	-0.01%
PFC	A	-0.01%
AROW	A	-0.0%
RILY	F	-0.0%
GCBC	B	-0.0%
DGICA	A	-0.0%
DHIL	A	-0.0%
HGTY	B	-0.0%