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

$48.87

Average Daily Volume

35,955

Number of Holdings ^*

993

* 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

$64.31

Average Daily Volume

87,462

Number of Holdings ^*

374

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FNCL
30 Days	4.74%	1.41%
60 Days	10.66%	11.93%
90 Days	8.22%	10.76%
12 Months	30.48%	42.39%

89 Overlapping Holdings

Symbol	Grade	Weight in ISCG	Weight in FNCL	Overlap
AFRM	C	0.38%	0.14%	0.14%
AGM	D	0.03%	0.02%	0.02%
AGO	B	0.12%	0.06%	0.06%
AMAL	B	0.01%	0.01%	0.01%
AMBC	F	0.01%	0.01%	0.01%
AMG	B	0.11%	0.08%	0.08%
APAM	B	0.07%	0.04%	0.04%
AX	D	0.07%	0.05%	0.05%
BANF	D	0.05%	0.03%	0.03%
BFC	D	0.02%	0.01%	0.01%
BGC	B	0.02%	0.05%	0.02%
BSIG	D	0.02%	0.01%	0.01%
CASH	C	0.03%	0.02%	0.02%
CASS	F	0.01%	0.01%	0.01%
CCB	B	0.01%	0.01%	0.01%
CFB	D	0.02%	0.01%	0.01%
CFR	B	0.09%	0.09%	0.09%
CHCO	D	0.03%	0.02%	0.02%
CLBK	F	0.01%	0.01%	0.01%
CNS	C	0.11%	0.04%	0.04%
DFIN	B	0.04%	0.03%	0.03%
EBC	B	0.08%	0.04%	0.04%
EEFT	F	0.1%	0.06%	0.06%
EIG	A	0.01%	0.02%	0.01%
EVR	C	0.11%	0.13%	0.11%
EVTC	D	0.03%	0.03%	0.03%
EZPW	C	0.01%	0.01%	0.01%
FFIN	D	0.07%	0.06%	0.06%
FLYW	F	0.07%	0.03%	0.03%
FOUR	A	0.23%	0.07%	0.07%
FRHC	A	0.07%	0.02%	0.02%
GABC	D	0.02%	0.02%	0.02%
GSHD	B	0.09%	0.03%	0.03%
HASI	B	0.07%	0.05%	0.05%
HBT	D	0.01%	0.0%	0.0%
HLI	A	0.21%	0.11%	0.11%
HLNE	A	0.29%	0.09%	0.09%
HOMB	D	0.09%	0.07%	0.07%
IBOC	D	0.07%	0.05%	0.05%
IIIV	D	0.01%	0.01%	0.01%
IMXI	F	0.01%	0.01%	0.01%
JEF	A	0.17%	0.14%	0.14%
KNSL	B	0.45%	0.14%	0.14%
LC	D	0.03%	0.02%	0.02%
LKFN	D	0.02%	0.02%	0.02%
LMND	F	0.02%	0.01%	0.01%
LOB	B	0.07%	0.02%	0.02%
MBIN	C	0.03%	0.01%	0.01%
MCY	B	0.04%	0.02%	0.02%
MKTX	B	0.27%	0.13%	0.13%
MQ	F	0.03%	0.03%	0.03%
NIC	D	0.02%	0.02%	0.02%
NRDS	D	0.01%	0.01%	0.01%
OSCR	C	0.15%	0.05%	0.05%
OWL	A	0.42%	0.12%	0.12%
PIPR	A	0.08%	0.07%	0.07%
PJT	A	0.13%	0.04%	0.04%
PLMR	A	0.1%	0.03%	0.03%
PRA	C	0.01%	0.01%	0.01%
PRI	A	0.24%	0.13%	0.13%
QCRH	C	0.02%	0.02%	0.02%
RBCAA	C	0.01%	0.01%	0.01%
RLI	A	0.28%	0.09%	0.09%
RPAY	F	0.02%	0.01%	0.01%
RYAN	A	0.29%	0.09%	0.09%
SAFT	D	0.02%	0.02%	0.02%
SBCF	D	0.05%	0.03%	0.03%
SEIC	B	0.23%	0.1%	0.1%
SFBS	B	0.07%	0.06%	0.06%
SIGI	D	0.07%	0.08%	0.07%
SKWD	A	0.02%	0.02%	0.02%
SNEX	B	0.04%	0.03%	0.03%
SOFI	C	0.34%	0.11%	0.11%
STEP	A	0.08%	0.05%	0.05%
SYBT	C	0.04%	0.02%	0.02%
TBBK	A	0.07%	0.03%	0.03%
TFSL	D	0.02%	0.01%	0.01%
THG	A	0.12%	0.07%	0.07%
TIPT	B	0.01%	0.01%	0.01%
TOST	B	0.5%	0.14%	0.14%
TPG	A	0.12%	0.06%	0.06%
TRUP	B	0.04%	0.02%	0.02%
UPST	C	0.12%	0.04%	0.04%
VCTR	A	0.05%	0.03%	0.03%
VOYA	A	0.13%	0.11%	0.11%
VRTS	D	0.03%	0.02%	0.02%
WEX	C	0.23%	0.12%	0.12%
WSFS	D	0.05%	0.04%	0.04%
WTM	C	0.13%	0.06%	0.06%

ISCG Overweight 904 Positions Relative to FNCL

Symbol	Grade	Weight
GWRE	A	0.65%
COHR	B	0.57%
CW	A	0.56%
FTAI	A	0.56%
PCVX	C	0.55%
ITT	C	0.52%
INSM	D	0.51%
TXRH	A	0.51%
CUBE	C	0.51%
CTLT	A	0.47%
BWXT	A	0.44%
DUOL	B	0.44%
MUSA	D	0.43%
MTCH	B	0.43%
EXP	C	0.42%
ONTO	B	0.42%
ARMK	C	0.42%
EHC	C	0.41%
CVNA	A	0.41%
OLED	B	0.41%
WWD	C	0.41%
IOT	C	0.39%
EGP	D	0.38%
DCI	B	0.38%
KBR	A	0.38%
CHE	D	0.38%
ROKU	C	0.38%
SKX	B	0.38%
NYT	C	0.37%
TKO	A	0.37%
AIT	B	0.37%
RBC	C	0.37%
CAVA	B	0.37%
FN	B	0.36%
NCLH	C	0.36%
BRBR	A	0.35%
FCN	C	0.35%
SSD	B	0.35%
ENSG	D	0.35%
ATI	C	0.35%
LNW	F	0.34%
BFAM	C	0.34%
SFM	A	0.34%
RGEN	F	0.33%
EXEL	B	0.33%
SMAR	A	0.33%
CACI	A	0.33%
CRS	B	0.33%
TREX	D	0.32%
MTZ	A	0.32%
ITCI	D	0.31%
PEN	D	0.31%
PLNT	B	0.31%
PCTY	C	0.31%
WSC	D	0.31%
HALO	D	0.31%
LNTH	C	0.31%
ATR	A	0.31%
AAON	A	0.31%
SPXC	A	0.31%
TPX	C	0.3%
FR	D	0.3%
GNTX	D	0.3%
HQY	B	0.3%
REXR	D	0.3%
SPSC	D	0.3%
LSCC	D	0.3%
GKOS	B	0.29%
ANF	D	0.29%
AZEK	D	0.29%
COKE	C	0.29%
ESTC	F	0.28%
VKTX	C	0.28%
CGNX	F	0.28%
LFUS	C	0.28%
AYI	A	0.28%
CVLT	B	0.28%
EXLS	B	0.27%
TRNO	D	0.27%
INSP	C	0.27%
S	C	0.27%
NOVT	C	0.27%
RHP	B	0.27%
MOD	B	0.27%
WFRD	F	0.27%
BMI	A	0.27%
CSWI	A	0.26%
CWST	D	0.26%
APG	F	0.26%
MTSI	B	0.26%
VRNS	B	0.26%
FRPT	A	0.26%
ACHC	F	0.25%
EXPO	A	0.25%
KRG	C	0.25%
IONS	F	0.25%
GTLB	D	0.25%
AVAV	B	0.25%
IBP	C	0.25%
CHX	C	0.25%
CART	B	0.25%
OLLI	C	0.25%
AWI	A	0.25%
SKY	C	0.24%
PATH	D	0.24%
BCPC	C	0.24%
BPMC	F	0.24%
WTS	C	0.24%
ELF	F	0.24%
MMSI	C	0.24%
DY	C	0.24%
FSS	D	0.24%
CR	A	0.23%
ZWS	A	0.23%
RGLD	C	0.23%
EDR	A	0.23%
DOCS	A	0.23%
VVV	D	0.23%
ZETA	B	0.23%
RL	B	0.22%
KNX	D	0.22%
APPF	C	0.22%
BILL	D	0.22%
HCP	A	0.22%
HXL	F	0.22%
GTLS	D	0.22%
LAMR	C	0.22%
LBRDK	C	0.22%
TTC	F	0.22%
AXTA	C	0.22%
ALTR	B	0.22%
OPCH	F	0.22%
PI	A	0.21%
ITRI	C	0.21%
TENB	D	0.21%
FIVE	D	0.21%
GMED	B	0.21%
FRT	D	0.21%
DLB	D	0.2%
ACA	C	0.2%
QTWO	B	0.2%
VRRM	D	0.2%
ADMA	A	0.2%
CIEN	A	0.2%
KRYS	D	0.2%
BOX	C	0.2%
H	B	0.2%
KEX	C	0.2%
QLYS	F	0.2%
RARE	D	0.2%
TMDX	D	0.2%
RMBS	F	0.19%
JLL	C	0.19%
GNRC	B	0.19%
CFLT	F	0.19%
UFPI	C	0.19%
STRL	B	0.19%
RDNT	C	0.19%
RHI	D	0.19%
SUM	F	0.19%
NNN	C	0.18%
ORA	C	0.18%
FLS	A	0.18%
FELE	C	0.18%
CBT	B	0.18%
WMG	D	0.18%
MOG.A	C	0.18%
GPK	D	0.18%
ESAB	C	0.18%
MSA	F	0.17%
KAI	C	0.17%
WK	D	0.17%
ETSY	F	0.17%
COLD	D	0.17%
NOV	F	0.17%
HAE	F	0.17%
CHWY	C	0.17%
ACIW	A	0.17%
MLI	B	0.17%
CRDO	B	0.17%
LOPE	D	0.17%
MARA	F	0.17%
SITE	D	0.17%
LANC	F	0.16%
POST	C	0.16%
CHH	A	0.16%
NHI	C	0.16%
MTN	D	0.16%
MASI	B	0.16%
KTOS	B	0.16%
BHVN	C	0.16%
HAS	A	0.16%
CLF	D	0.16%
SHAK	A	0.16%
APLE	B	0.15%
MIDD	D	0.15%
CRNX	C	0.15%
IRDM	C	0.15%
FORM	D	0.15%
NUVL	B	0.15%
WDFC	B	0.15%
EPRT	C	0.15%
CVCO	C	0.15%
PRCT	D	0.15%
AXNX	A	0.15%
HRB	C	0.15%
CCCS	D	0.15%
BCO	C	0.15%
SLAB	D	0.15%
AXSM	D	0.15%
IDCC	A	0.15%
SMPL	D	0.14%
ALV	F	0.14%
CBZ	F	0.14%
SMTC	C	0.14%
ITGR	B	0.14%
CZR	B	0.14%
VNT	F	0.14%
BWIN	A	0.14%
ACLS	F	0.14%
ALSN	A	0.14%
MDGL	F	0.14%
CWAN	B	0.14%
PECO	C	0.14%
NXT	F	0.14%
ACVA	C	0.13%
NSIT	B	0.13%
SAIC	A	0.13%
PEGA	B	0.13%
SG	C	0.13%
STAG	D	0.13%
ROAD	C	0.13%
TKR	B	0.13%
CRVL	C	0.13%
ADC	C	0.13%
HIMS	C	0.13%
INGR	B	0.13%
LSTR	F	0.13%
BRX	C	0.13%
RH	C	0.13%
NSP	F	0.13%
SITM	A	0.13%
AWR	B	0.13%
EVH	D	0.13%
ICFI	C	0.13%
GAP	F	0.12%
ALGM	F	0.12%
SAM	D	0.12%
ALKS	B	0.12%
CYTK	D	0.12%
BL	D	0.12%
LPX	C	0.12%
IOSP	F	0.12%
KNF	B	0.12%
THO	C	0.12%
LCID	F	0.12%
SQSP	A	0.12%
LIVN	C	0.12%
BOOT	B	0.12%
FCFS	F	0.12%
R	C	0.12%
GME	D	0.12%
BDC	A	0.12%
FUL	F	0.11%
DV	F	0.11%
PTGX	C	0.11%
IRT	D	0.11%
SGRY	C	0.11%
LRN	D	0.11%
MAT	B	0.11%
YOU	C	0.11%
HWKN	B	0.11%
AI	D	0.11%
VCYT	C	0.11%
BROS	F	0.11%
CARG	C	0.11%
OII	D	0.11%
SPB	C	0.11%
CORT	B	0.11%
RXO	D	0.11%
DBX	C	0.11%
MGRC	D	0.11%
BIO	B	0.11%
GH	F	0.11%
RYTM	C	0.11%
ALRM	F	0.11%
IRTC	F	0.1%
JOE	D	0.1%
GERN	D	0.1%
AL	D	0.1%
UFPT	D	0.1%
CALX	C	0.1%
ADUS	D	0.1%
KWR	F	0.1%
MTRN	F	0.1%
APLS	F	0.1%
EPAC	A	0.1%
MIR	B	0.1%
RYN	C	0.1%
LITE	A	0.1%
ESI	C	0.1%
BC	C	0.1%
ASTH	B	0.1%
RVMD	B	0.1%
PLXS	A	0.1%
NPO	C	0.1%
MWA	A	0.1%
KLIC	D	0.1%
IPAR	D	0.1%
TWST	D	0.1%
SPR	D	0.1%
AEO	C	0.1%
NCNO	F	0.1%
LEA	F	0.1%
MYGN	D	0.1%
VAL	F	0.1%
MKSI	F	0.1%
GXO	D	0.1%
CROX	C	0.1%
RPD	D	0.1%
AGYS	D	0.1%
UEC	C	0.1%
JBT	B	0.09%
KYMR	D	0.09%
ASH	F	0.09%
SKYW	B	0.09%
ICUI	B	0.09%
WHD	A	0.09%
FIVN	F	0.09%
SRCL	B	0.09%
RIOT	F	0.09%
KFY	C	0.09%
OSK	F	0.09%
IOVA	D	0.09%
STRA	F	0.09%
MMS	C	0.09%
NARI	F	0.09%
BE	F	0.09%
INTA	C	0.09%
FRSH	F	0.09%
CNMD	F	0.09%
MSGS	A	0.09%
SHO	B	0.09%
TDW	F	0.09%
SKT	A	0.09%
AZTA	F	0.09%
ROCK	D	0.09%
YETI	C	0.09%
BBIO	F	0.09%
POWL	B	0.09%
PSN	A	0.09%
RCM	B	0.09%
HRI	B	0.09%
FROG	F	0.09%
CRUS	D	0.09%
AM	A	0.08%
SXT	C	0.08%
ALG	F	0.08%
ZI	F	0.08%
TNDM	D	0.08%
IMVT	D	0.08%
SWTX	F	0.08%
TGTX	D	0.08%
AMKR	F	0.08%
LMAT	A	0.08%
AIN	F	0.08%
TDC	D	0.08%
CNX	A	0.08%
AEIS	B	0.08%
NTLA	F	0.08%
PTCT	C	0.08%
RRR	D	0.08%
AMPH	C	0.08%
CDP	A	0.08%
ENV	C	0.08%
WH	C	0.08%
DORM	C	0.08%
ENS	B	0.08%
BATRK	F	0.08%
ACAD	F	0.08%
RUSHA	D	0.08%
POR	D	0.08%
GVA	A	0.08%
ROG	D	0.08%
PRVA	F	0.08%
PRIM	A	0.08%
CLSK	F	0.08%
CLDX	F	0.08%
IIPR	C	0.08%
GATX	F	0.08%
RELY	F	0.08%
HURN	D	0.08%
EXTR	D	0.08%
BRZE	F	0.08%
SYNA	F	0.08%
VCEL	F	0.08%
FOLD	F	0.08%
VERX	B	0.08%
JJSF	C	0.07%
ATGE	D	0.07%
HLIT	D	0.07%
WEN	B	0.07%
MODG	F	0.07%
OSIS	C	0.07%
ASPN	C	0.07%
TRIP	D	0.07%
IDYA	F	0.07%
TGLS	B	0.07%
IONQ	C	0.07%
TRN	C	0.07%
UE	C	0.07%
OSW	B	0.07%
GFF	C	0.07%
AROC	B	0.07%
PTEN	F	0.07%
MGEE	C	0.07%
VERA	C	0.07%
DBRG	D	0.07%
IDA	D	0.07%
FTDR	B	0.07%
HLX	C	0.07%
HUN	B	0.07%
PD	F	0.07%
BLKB	C	0.07%
CRSP	F	0.07%
DNLI	C	0.07%
BRC	C	0.07%
UCTT	D	0.07%
MP	C	0.07%
RDDT	B	0.07%
MSGE	B	0.07%
MNKD	B	0.07%
MSM	D	0.07%
LYFT	D	0.07%
SMG	C	0.07%
SEM	D	0.07%
MYRG	D	0.07%
PAR	D	0.07%
MATX	C	0.07%
ABM	D	0.07%
IESC	A	0.07%
HHH	C	0.06%
PLUS	B	0.06%
WULF	C	0.06%
TXG	F	0.06%
RXRX	F	0.06%
KAR	F	0.06%
FLNC	C	0.06%
KVYO	B	0.06%
DOCN	B	0.06%
RIG	F	0.06%
NJR	C	0.06%
ATKR	F	0.06%
RKLB	B	0.06%
STAA	D	0.06%
SXI	B	0.06%
XNCR	D	0.06%
VSEC	D	0.06%
MIRM	D	0.06%
ATRC	C	0.06%
PCH	C	0.06%
OTTR	F	0.06%
PGNY	F	0.06%
PATK	A	0.06%
VECO	F	0.06%
NSSC	F	0.06%
SONO	F	0.06%
LNN	C	0.06%
PBH	D	0.06%
CDE	C	0.06%
CWEN	C	0.06%
SPT	F	0.06%
AVDX	F	0.06%
THRM	F	0.06%
CTS	B	0.06%
LTH	B	0.06%
ALTM	D	0.06%
ALKT	D	0.06%
ASGN	D	0.06%
POWI	F	0.06%
SANM	D	0.06%
NSA	D	0.06%
ARDX	D	0.06%
HL	C	0.06%
PSMT	A	0.06%
XHR	A	0.06%
CWT	D	0.06%
RXST	F	0.06%
UNF	A	0.06%
OUT	C	0.05%
TRNS	D	0.05%
LGND	C	0.05%
ANIP	F	0.05%
WINA	C	0.05%
LAUR	C	0.05%
HGV	F	0.05%
BNL	C	0.05%
COCO	C	0.05%
VIAV	C	0.05%
CPK	C	0.05%
AVPT	A	0.05%
DYN	D	0.05%
ARLO	F	0.05%
SHOO	A	0.05%
RAMP	F	0.05%
ARCB	F	0.05%
COLM	B	0.05%
HAYW	C	0.05%
EXPI	C	0.05%
APPN	C	0.05%
AIR	C	0.05%
WERN	D	0.05%
MBLY	F	0.05%
TNC	F	0.05%
ALIT	D	0.05%
IAC	C	0.05%
PYCR	D	0.05%
SHC	C	0.05%
ARWR	F	0.05%
ZUO	F	0.05%
CRAI	B	0.05%
PRFT	A	0.05%
PPC	C	0.05%
COHU	F	0.05%
PZZA	D	0.05%
AVDL	F	0.05%
PHR	F	0.05%
CERT	F	0.05%
AGIO	D	0.05%
INFA	D	0.05%
AZZ	B	0.05%
NEU	F	0.05%
HRMY	D	0.05%
YELP	D	0.05%
CNK	D	0.05%
REZI	D	0.05%
FCPT	C	0.04%
NVEE	F	0.04%
LBRDA	C	0.04%
GDYN	B	0.04%
CENX	C	0.04%
DNUT	F	0.04%
CEIX	B	0.04%
RLJ	D	0.04%
EOLS	C	0.04%
CECO	D	0.04%
GOLF	F	0.04%
COUR	F	0.04%
AMBA	C	0.04%
MGNI	D	0.04%
MLKN	F	0.04%
NVAX	C	0.04%
SCL	D	0.04%
CDRE	A	0.04%
HEES	D	0.04%
CGON	C	0.04%
FTRE	F	0.04%
CXM	F	0.04%
TFIN	F	0.04%
DCO	B	0.04%
NFE	F	0.04%
NHC	D	0.04%
PRM	C	0.04%
AKRO	D	0.04%
NEO	F	0.04%
SMMT	D	0.04%
CLB	D	0.04%
PRAX	B	0.04%
CURB	F	0.04%
MRVI	F	0.04%
GSAT	F	0.04%
AMED	D	0.04%
IMAX	D	0.04%
SNDX	F	0.04%
RVLV	C	0.04%
UTZ	D	0.04%
IPGP	D	0.04%
AMR	F	0.04%
SLNO	B	0.04%
PLUG	D	0.04%
NABL	F	0.04%
XPEL	D	0.04%
LOAR	B	0.04%
VICR	C	0.04%
URBN	F	0.04%
PDFS	F	0.04%
PACS	C	0.04%
JAMF	F	0.04%
WRBY	B	0.04%
QNST	C	0.04%
CPRX	C	0.04%
VITL	C	0.04%
ADNT	F	0.04%
ERII	C	0.04%
KROS	C	0.04%
ESTA	D	0.04%
ULS	D	0.04%
DGII	B	0.04%
ASAN	F	0.04%
ICHR	D	0.04%
AAP	F	0.04%
USLM	C	0.04%
ATEN	B	0.04%
CCS	C	0.04%
ALEX	D	0.04%
HNI	B	0.04%
MCRI	B	0.04%
RNG	F	0.04%
DIOD	F	0.04%
LCII	C	0.04%
TNET	D	0.04%
TARS	C	0.03%
TALO	D	0.03%
SYM	D	0.03%
ANDE	D	0.03%
TDOC	D	0.03%
AGX	A	0.03%
IMNM	F	0.03%
SDGR	F	0.03%
ARCT	D	0.03%
CATX	D	0.03%
ZIP	D	0.03%
CMCO	D	0.03%
PUBM	F	0.03%
AUPH	C	0.03%
MGPI	F	0.03%
KFRC	F	0.03%
AMWD	C	0.03%
NX	F	0.03%
BJRI	B	0.03%
BBSI	B	0.03%
ROIC	C	0.03%
BLND	C	0.03%
WVE	C	0.03%
FSLY	D	0.03%
BLFS	D	0.03%
AMPL	D	0.03%
HI	F	0.03%
HLIO	B	0.03%
UTI	F	0.03%
VRE	C	0.03%
APOG	B	0.03%
REYN	D	0.03%
CHEF	C	0.03%
UDMY	F	0.03%
INFN	C	0.03%
SAFE	C	0.03%
AKR	B	0.03%
FIZZ	F	0.03%
THR	F	0.03%
USPH	F	0.03%
WT	D	0.03%
VRDN	B	0.03%
NTST	F	0.03%
ARVN	F	0.03%
IVT	B	0.03%
UMH	D	0.03%
VVI	B	0.03%
TILE	C	0.03%
DNOW	F	0.03%
RLAY	F	0.03%
SAVA	D	0.03%
HAYN	B	0.03%
VMEO	C	0.03%
NBBK	D	0.03%
BHE	C	0.03%
MEG	F	0.03%
DRS	A	0.03%
NVCR	F	0.03%
RBRK	D	0.03%
IAS	F	0.03%
GO	F	0.03%
GPRE	F	0.03%
HSTM	B	0.03%
VSTS	D	0.03%
LZ	D	0.03%
MTTR	B	0.03%
TLRY	F	0.03%
JOBY	C	0.03%
JBI	F	0.03%
YEXT	B	0.03%
GRC	B	0.03%
DVAX	F	0.03%
CLVT	D	0.03%
PRO	F	0.03%
SWI	B	0.02%
CHUY	B	0.02%
ECVT	F	0.02%
BMBL	F	0.02%
BXC	D	0.02%
ANAB	D	0.02%
RES	C	0.02%
DNTH	D	0.02%
PRLB	F	0.02%
WOLF	F	0.02%
KOP	F	0.02%
FA	A	0.02%
ACHR	F	0.02%
TGI	F	0.02%
CNXN	C	0.02%
ATXS	C	0.02%
PCRX	D	0.02%
PUMP	D	0.02%
DSGR	A	0.02%
MUX	C	0.02%
IE	D	0.02%
NXRT	D	0.02%
MMI	D	0.02%
SANA	F	0.02%
JBSS	F	0.02%
AVO	C	0.02%
CARS	F	0.02%
EVRI	A	0.02%
EVLV	C	0.02%
VZIO	A	0.02%
REX	D	0.02%
KIDS	F	0.02%
TR	D	0.02%
KRUS	D	0.02%
UPWK	D	0.02%
SYRE	D	0.02%
HCKT	D	0.02%
LBPH	D	0.02%
RUM	F	0.02%
DXPE	C	0.02%
BTSG	C	0.02%
BATRA	F	0.02%
ATEX	D	0.02%
RCKT	F	0.02%
WNC	F	0.02%
AMRC	C	0.02%
RCUS	D	0.02%
WS	D	0.02%
SVRA	F	0.02%
SEDG	F	0.02%
KNSA	D	0.02%
MXL	D	0.02%
AAT	C	0.02%
BELFB	A	0.02%
WEAV	B	0.02%
FWRG	F	0.02%
LQDA	F	0.02%
OMI	F	0.02%
OEC	F	0.02%
HUT	D	0.02%
AOSL	D	0.02%
LMB	B	0.02%
DAWN	D	0.02%
KGS	A	0.02%
INVX	F	0.02%
MLNK	F	0.02%
FC	C	0.02%
DRVN	C	0.02%
LEU	A	0.02%
ETWO	F	0.02%
IDT	C	0.02%
WTTR	B	0.02%
MSEX	C	0.02%
RSI	B	0.02%
SLP	F	0.02%
ESRT	C	0.02%
AIOT	B	0.02%
INST	C	0.02%
AIV	D	0.02%
LQDT	C	0.02%
PRDO	D	0.02%
SIBN	F	0.02%
FIGS	C	0.02%
COGT	B	0.02%
YORW	F	0.02%
GTY	C	0.02%
AORT	B	0.02%
BASE	F	0.02%
ATEC	F	0.02%
FIP	C	0.02%
PTLO	C	0.02%
PWP	A	0.02%
SJW	D	0.02%
CWEN	C	0.02%
CWH	C	0.02%
AESI	B	0.02%
PEB	D	0.02%
FOXF	F	0.02%
LAB	F	0.02%
INDI	F	0.02%
TYRA	C	0.01%
BYON	F	0.01%
NEXT	F	0.01%
CYRX	F	0.01%
CLNE	C	0.01%
PLPC	D	0.01%
OABI	F	0.01%
BOWL	D	0.01%
ALEC	F	0.01%
MYE	F	0.01%
HG	C	0.01%
ARKO	C	0.01%
KE	F	0.01%
PLRX	F	0.01%
VREX	F	0.01%
EWCZ	F	0.01%
PGY	F	0.01%
EVER	D	0.01%
NPK	F	0.01%
PRME	F	0.01%
OFLX	D	0.01%
SNCY	F	0.01%
ROOT	F	0.01%
DNA	F	0.01%
STER	C	0.01%
GCT	C	0.01%
LESL	F	0.01%
STOK	D	0.01%
TH	F	0.01%
ENFN	C	0.01%
SEMR	C	0.01%
GDEN	D	0.01%
CELC	F	0.01%
CSTL	B	0.01%
EVCM	D	0.01%
ORIC	F	0.01%
NBR	D	0.01%
RUSHB	D	0.01%
SAGE	F	0.01%
SRRK	F	0.01%
CGEM	F	0.01%
QTRX	F	0.01%
AMPS	F	0.01%
FNA	F	0.01%
MTUS	F	0.01%
YMAB	C	0.01%
ML	F	0.01%
TMCI	F	0.01%
FRPH	B	0.01%
TTGT	F	0.01%
PLOW	D	0.01%
MCW	F	0.01%
TALK	D	0.01%
GDRX	F	0.01%
LAZR	F	0.01%
MITK	F	0.01%
ATRO	D	0.01%
FOR	D	0.01%
GOOD	A	0.01%
UHT	D	0.01%
FWRD	D	0.01%
ARHS	F	0.01%
LFST	C	0.01%
ALNT	F	0.01%
FPI	D	0.01%
SCVL	D	0.01%
NN	D	0.01%
ULCC	C	0.01%
TTI	D	0.01%
SVV	D	0.01%
MAX	C	0.01%
NVTS	F	0.01%
CHCT	F	0.01%
IIIN	F	0.01%
EYPT	F	0.01%
EYE	F	0.01%
ABSI	F	0.01%
TBLA	D	0.01%
GES	F	0.01%
MLAB	B	0.01%
WSR	C	0.01%
ATSG	D	0.01%
VERV	F	0.01%
OLO	F	0.01%
SWBI	F	0.01%
NRC	F	0.01%
GOGO	F	0.01%
AVNS	D	0.01%
GMRE	C	0.01%
WMK	D	0.01%
NOVA	F	0.01%
HSII	D	0.01%
GIC	D	0.01%
SITC	D	0.01%
PLYM	D	0.01%
MRTN	F	0.01%
TNGX	F	0.01%
MLR	B	0.01%
BOC	D	0.01%
MNTK	D	0.01%
ALXO	F	0.0%
SCLX	F	0.0%
CDLX	F	0.0%
CHGG	F	0.0%
WEST	F	0.0%
DH	F	0.0%
STTK	F	0.0%
HPK	D	0.0%
NKLA	F	0.0%
GYRE	D	0.0%
CTOS	F	0.0%
ACCD	F	0.0%
ZNTL	F	0.0%
ACTG	F	0.0%
REPX	C	0.0%
LEGH	D	0.0%
CTRI	F	0.0%
LYEL	F	0.0%
TITN	F	0.0%

ISCG Underweight 285 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	B	-8.31%
JPM	C	-8.29%
V	B	-5.94%
MA	A	-5.62%
BAC	B	-3.8%
WFC	B	-2.67%
SPGI	C	-2.25%
GS	B	-2.21%
AXP	A	-2.14%
PGR	B	-2.02%
BLK	A	-1.92%
MS	A	-1.74%
C	B	-1.62%
CB	A	-1.53%
BX	C	-1.52%
MMC	D	-1.51%
FI	A	-1.44%
SCHW	D	-1.34%
ICE	A	-1.25%
KKR	A	-1.13%
CME	A	-1.08%
PYPL	A	-1.06%
MCO	D	-1.06%
PNC	C	-1.0%
USB	C	-0.97%
AON	A	-0.93%
AJG	C	-0.84%
AFL	A	-0.83%
TFC	D	-0.78%
COF	A	-0.78%
TRV	B	-0.74%
BK	A	-0.73%
APO	A	-0.69%
MET	A	-0.69%
ALL	A	-0.68%
AIG	C	-0.67%
FIS	A	-0.64%
AMP	A	-0.64%
MSCI	B	-0.62%
PRU	B	-0.6%
ACGL	A	-0.58%
SQ	D	-0.51%
COIN	F	-0.5%
DFS	A	-0.48%
HIG	A	-0.48%
NDAQ	C	-0.43%
FITB	C	-0.41%
WTW	C	-0.41%
MTB	A	-0.4%
ARES	A	-0.4%
GPN	F	-0.36%
STT	A	-0.36%
TROW	D	-0.34%
BRO	A	-0.34%
RJF	B	-0.33%
CPAY	A	-0.29%
RF	B	-0.29%
CBOE	B	-0.29%
CINF	A	-0.29%
HBAN	B	-0.29%
MKL	B	-0.28%
SYF	A	-0.27%
PFG	A	-0.27%
FCNCA	D	-0.26%
CFG	C	-0.26%
NTRS	B	-0.25%
EG	A	-0.24%
LPLA	D	-0.24%
FDS	C	-0.24%
WRB	C	-0.24%
KEY	B	-0.22%
L	C	-0.21%
FNF	C	-0.21%
RNR	A	-0.2%
RGA	B	-0.2%
ERIE	A	-0.19%
EQH	B	-0.19%
IBKR	A	-0.19%
TW	A	-0.19%
JKHY	A	-0.18%
HOOD	B	-0.17%
EWBC	B	-0.16%
AIZ	B	-0.15%
GL	C	-0.14%
AFG	A	-0.14%
CG	B	-0.14%
ORI	A	-0.13%
UNM	A	-0.13%
ALLY	F	-0.13%
SF	A	-0.13%
FHN	D	-0.12%
MORN	B	-0.12%
WAL	C	-0.12%
CMA	C	-0.11%
WBS	D	-0.11%
ZION	D	-0.1%
WTFC	B	-0.1%
SSB	C	-0.1%
CBSH	D	-0.1%
BPOP	D	-0.1%
PNFP	B	-0.1%
AGNC	B	-0.1%
JXN	A	-0.09%
PB	D	-0.09%
SNV	D	-0.09%
MTG	A	-0.09%
FAF	C	-0.09%
AXS	A	-0.09%
ESNT	A	-0.09%
COLB	C	-0.08%
CADE	B	-0.08%
IVZ	A	-0.08%
OMF	D	-0.08%
ONB	D	-0.08%
BEN	F	-0.08%
COOP	B	-0.08%
STWD	C	-0.08%
UMBF	C	-0.07%
PFSI	C	-0.07%
UBSI	D	-0.07%
JHG	A	-0.07%
GBCI	B	-0.07%
LNC	B	-0.07%
RDN	D	-0.07%
FNB	D	-0.07%
ESGR	C	-0.06%
CNO	B	-0.06%
HWC	D	-0.06%
MC	B	-0.06%
OZK	D	-0.06%
SLM	B	-0.06%
NMIH	B	-0.05%
ASB	D	-0.05%
FBP	B	-0.05%
VLY	C	-0.05%
WD	C	-0.05%
KMPR	D	-0.05%
ABCB	C	-0.05%
SFNC	B	-0.04%
BKU	D	-0.04%
VIRT	B	-0.04%
PRK	D	-0.04%
ABR	C	-0.04%
CBU	D	-0.04%
WAFD	D	-0.04%
FHI	A	-0.04%
FIBK	C	-0.04%
CATY	B	-0.04%
CACC	F	-0.04%
WU	D	-0.04%
AUB	D	-0.04%
GNW	A	-0.04%
BOKF	B	-0.04%
FHB	D	-0.04%
BXMT	C	-0.04%
FULT	D	-0.04%
TCBI	B	-0.04%
BHF	D	-0.04%
UCBI	B	-0.04%
EFSC	D	-0.03%
BANC	D	-0.03%
RNST	D	-0.03%
NBTB	D	-0.03%
NATL	D	-0.03%
BANR	B	-0.03%
STC	D	-0.03%
OFG	D	-0.03%
IBTX	B	-0.03%
PRG	C	-0.03%
PFS	D	-0.03%
FRME	D	-0.03%
ENVA	B	-0.03%
PPBI	D	-0.03%
FFBC	D	-0.03%
INDB	D	-0.03%
RKT	D	-0.03%
CVBF	B	-0.03%
HTLF	B	-0.03%
BOH	D	-0.03%
TOWN	C	-0.03%
OCFC	C	-0.02%
BHLB	D	-0.02%
NBHC	D	-0.02%
WABC	F	-0.02%
ACT	B	-0.02%
PMT	B	-0.02%
ARI	F	-0.02%
CUBI	F	-0.02%
VBTX	C	-0.02%
TCBK	D	-0.02%
SASR	B	-0.02%
NAVI	D	-0.02%
HTH	F	-0.02%
RC	F	-0.02%
NNI	B	-0.02%
HMN	B	-0.02%
CODI	D	-0.02%
HOPE	B	-0.02%
FBNC	B	-0.02%
SPNT	D	-0.02%
STBA	D	-0.02%
BUSE	D	-0.02%
LADR	D	-0.02%
NWBI	D	-0.02%
FCF	D	-0.02%
FBK	B	-0.02%
WSBC	D	-0.02%
TRMK	D	-0.02%
PGC	B	-0.01%
WRLD	F	-0.01%
HAFC	D	-0.01%
PAY	D	-0.01%
HONE	D	-0.01%
SPFI	D	-0.01%
UFCS	D	-0.01%
CCBG	D	-0.01%
PX	A	-0.01%
NFBK	D	-0.01%
GSBC	D	-0.01%
SMBC	B	-0.01%
MCB	B	-0.01%
TRTX	D	-0.01%
BHB	D	-0.01%
CTLP	B	-0.01%
MSBI	F	-0.01%
TRST	D	-0.01%
GDOT	C	-0.01%
FSBC	C	-0.01%
THFF	D	-0.01%
WASH	C	-0.01%
CAC	C	-0.01%
AMTB	F	-0.01%
FMNB	D	-0.01%
BFST	C	-0.01%
TMP	C	-0.01%
EQBK	D	-0.01%
EGBN	C	-0.01%
TREE	C	-0.01%
LPRO	D	-0.01%
MCBS	D	-0.01%
UVE	C	-0.01%
CFFN	D	-0.01%
KREF	C	-0.01%
OSBC	D	-0.01%
CPF	C	-0.01%
PFBC	D	-0.01%
HTBK	D	-0.01%
FCBC	D	-0.01%
HFWA	D	-0.01%
HBNC	D	-0.01%
FMBH	D	-0.01%
FG	B	-0.01%
BHRB	D	-0.01%
BY	D	-0.01%
MBWM	D	-0.01%
UWMC	D	-0.01%
AMSF	B	-0.01%
FBMS	D	-0.01%
CTBI	B	-0.01%
BRSP	D	-0.01%
PRAA	F	-0.01%
CMTG	F	-0.01%
BRKL	D	-0.01%
DX	D	-0.01%
OBK	D	-0.01%
CNOB	B	-0.01%
SBSI	D	-0.01%
IBCP	D	-0.01%
DCOM	B	-0.01%
PFC	D	-0.01%
UVSP	B	-0.01%
ECPG	F	-0.01%
CNNE	F	-0.01%
HCI	B	-0.01%
RWT	C	-0.01%
EFC	D	-0.01%
PEBO	F	-0.01%
SRCE	D	-0.01%
AROW	D	-0.0%
RILY	F	-0.0%
GCBC	F	-0.0%
DGICA	D	-0.0%
DHIL	C	-0.0%
HGTY	D	-0.0%
KRNY	C	-0.0%