ISCG vs. FSMD ETF Comparison

Comparison of iShares Morningstar Small-Cap Growth ETF (ISCG) to Fidelity Small-Mid Factor ETF (FSMD)

ISCG

iShares Morningstar Small-Cap Growth ETF

ISCG Description

The investment seeks to track the investment results of the Morningstar® 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

$50.64

Average Daily Volume

29,404

Number of Holdings ^*

988

* may have additional holdings in another (foreign) market

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

$42.67

Average Daily Volume

91,263

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FSMD
30 Days	0.86%	1.09%
60 Days	5.95%	5.37%
90 Days	8.54%	8.16%
12 Months	32.19%	32.15%

296 Overlapping Holdings

	Symbol	Grade	Weight in ISCG	Weight in FSMD	Overlap
	AAON	A	0.37%	0.25%	0.25%
	AAT	C	0.02%	0.1%	0.02%
	ACA	B	0.2%	0.15%	0.15%
	ACIW	B	0.18%	0.19%	0.18%
	ADC	A	0.12%	0.2%	0.12%
	ADMA	C	0.21%	0.22%	0.21%
	ADUS	D	0.09%	0.12%	0.09%
	AEO	F	0.08%	0.12%	0.08%
	AGX	B	0.04%	0.16%	0.04%
	AIT	A	0.41%	0.25%	0.25%
	ALKS	B	0.11%	0.16%	0.11%
	ALRM	C	0.12%	0.11%	0.11%
	ALSN	B	0.16%	0.25%	0.16%
	ALTR	B	0.23%	0.18%	0.18%
	ALV	C	0.13%	0.19%	0.13%
	AMAL	B	0.01%	0.11%	0.01%
	AMED	F	0.04%	0.12%	0.04%
	AMG	A	0.11%	0.17%	0.11%
	AMKR	F	0.07%	0.11%	0.07%
	AMPH	F	0.07%	0.12%	0.07%
	AMR	C	0.04%	0.1%	0.04%
	ANDE	C	0.02%	0.08%	0.02%
	ANF	C	0.28%	0.19%	0.19%
	ANIP	D	0.04%	0.09%	0.04%
	APAM	A	0.07%	0.14%	0.07%
	APOG	B	0.03%	0.11%	0.03%
	APPF	C	0.2%	0.16%	0.16%
	AROC	A	0.07%	0.17%	0.07%
	ASGN	D	0.06%	0.15%	0.06%
	ASH	F	0.07%	0.12%	0.07%
	ASTH	F	0.07%	0.1%	0.07%
	ATEN	A	0.05%	0.11%	0.05%
	ATGE	B	0.07%	0.14%	0.07%
	ATR	B	0.31%	0.27%	0.27%
	AWI	A	0.27%	0.18%	0.18%
	AX	A	0.09%	0.16%	0.09%
	AXNX	A	0.14%	0.15%	0.14%
	AXTA	A	0.23%	0.21%	0.21%
	AYI	A	0.28%	0.24%	0.24%
	AZZ	B	0.05%	0.11%	0.05%
	BBSI	A	0.03%	0.09%	0.03%
	BCO	F	0.12%	0.12%	0.12%
	BCPC	B	0.23%	0.16%	0.16%
	BFAM	F	0.27%	0.17%	0.17%
	BGC	B	0.04%	0.16%	0.04%
	BHE	B	0.04%	0.11%	0.04%
	BMI	B	0.26%	0.19%	0.19%
	BNL	D	0.04%	0.13%	0.04%
	BPMC	D	0.25%	0.17%	0.17%
	BRBR	A	0.36%	0.24%	0.24%
	BRC	C	0.07%	0.12%	0.07%
	BRX	A	0.13%	0.22%	0.13%
	BWXT	A	0.45%	0.26%	0.26%
	CACI	C	0.34%	0.27%	0.27%
	CASH	A	0.03%	0.13%	0.03%
	CASS	B	0.01%	0.09%	0.01%
	CBT	C	0.17%	0.18%	0.17%
	CBZ	B	0.15%	0.13%	0.13%
	CECO	C	0.03%	0.07%	0.03%
	CEIX	A	0.04%	0.17%	0.04%
	CFB	B	0.02%	0.09%	0.02%
	CHCO	A	0.03%	0.12%	0.03%
	CHE	D	0.33%	0.21%	0.21%
	CHH	A	0.16%	0.14%	0.14%
	CIEN	B	0.21%	0.26%	0.21%
	CNX	A	0.08%	0.23%	0.08%
	CNXN	D	0.01%	0.09%	0.01%
	COKE	C	0.25%	0.16%	0.16%
	COLM	B	0.04%	0.12%	0.04%
	CORT	B	0.13%	0.21%	0.13%
	CPRX	C	0.05%	0.15%	0.05%
	CR	A	0.24%	0.21%	0.21%
	CRAI	B	0.05%	0.1%	0.05%
	CRNX	C	0.18%	0.15%	0.15%
	CROX	F	0.07%	0.16%	0.07%
	CRUS	F	0.08%	0.15%	0.08%
	CRVL	B	0.13%	0.15%	0.13%
	CSWI	B	0.27%	0.18%	0.18%
	CTS	B	0.07%	0.12%	0.07%
	CUBE	C	0.43%	0.24%	0.24%
	CVCO	A	0.15%	0.15%	0.15%
	CVLT	B	0.3%	0.2%	0.2%
	CW	B	0.59%	0.31%	0.31%
	DBX	C	0.11%	0.19%	0.11%
	DCI	B	0.37%	0.21%	0.21%
	DLB	D	0.18%	0.14%	0.14%
	DOCS	C	0.28%	0.28%	0.28%
	DORM	B	0.09%	0.17%	0.09%
	DUOL	B	0.47%	0.33%	0.33%
	DY	C	0.22%	0.15%	0.15%
	EEFT	C	0.09%	0.15%	0.09%
	EHC	B	0.41%	0.25%	0.25%
	EIG	A	0.02%	0.11%	0.02%
	ENS	D	0.07%	0.12%	0.07%
	ENSG	D	0.33%	0.22%	0.22%
	EPAC	B	0.11%	0.12%	0.11%
	EPRT	C	0.14%	0.17%	0.14%
	ESAB	B	0.21%	0.2%	0.2%
	ESI	B	0.1%	0.17%	0.1%
	ESTC	C	0.29%	0.18%	0.18%
	EVR	A	0.13%	0.27%	0.13%
	EXEL	B	0.42%	0.28%	0.28%
	EXLS	B	0.29%	0.21%	0.21%
	EXP	B	0.42%	0.25%	0.25%
	EXPO	D	0.21%	0.14%	0.14%
	FCN	F	0.29%	0.17%	0.17%
	FELE	B	0.17%	0.13%	0.13%
	FIZZ	B	0.03%	0.09%	0.03%
	FLS	A	0.19%	0.2%	0.19%
	FN	C	0.39%	0.23%	0.23%
	FORM	F	0.13%	0.12%	0.12%
	FR	D	0.26%	0.18%	0.18%
	FRT	B	0.2%	0.21%	0.2%
	FSS	C	0.22%	0.14%	0.14%
	FTDR	B	0.08%	0.17%	0.08%
	FUL	F	0.1%	0.13%	0.1%
	GIC	F	0.01%	0.06%	0.01%
	GKOS	B	0.3%	0.21%	0.21%
	GMED	A	0.22%	0.24%	0.22%
	GNTX	C	0.28%	0.18%	0.18%
	GOLF	A	0.04%	0.11%	0.04%
	GPK	D	0.17%	0.21%	0.17%
	GWRE	B	0.64%	0.35%	0.35%
	HAE	A	0.18%	0.16%	0.16%
	HALO	D	0.31%	0.21%	0.21%
	HCKT	A	0.02%	0.11%	0.02%
	HIMS	C	0.15%	0.18%	0.15%
	HLI	A	0.23%	0.25%	0.23%
	HLNE	A	0.3%	0.23%	0.23%
	HNI	A	0.04%	0.11%	0.04%
	HRB	D	0.13%	0.21%	0.13%
	HSII	B	0.02%	0.09%	0.02%
	HSTM	B	0.03%	0.1%	0.03%
	HWKN	C	0.1%	0.11%	0.1%
	IBOC	A	0.08%	0.15%	0.08%
	IBP	F	0.2%	0.14%	0.14%
	ICFI	F	0.13%	0.12%	0.12%
	IDCC	A	0.18%	0.18%	0.18%
	IDT	B	0.03%	0.14%	0.03%
	IESC	B	0.1%	0.16%	0.1%
	INFA	F	0.05%	0.09%	0.05%
	INGR	B	0.13%	0.24%	0.13%
	IOSP	C	0.12%	0.12%	0.12%
	ITGR	B	0.14%	0.17%	0.14%
	ITT	A	0.5%	0.26%	0.26%
	JBI	F	0.02%	0.04%	0.02%
	JBSS	F	0.01%	0.07%	0.01%
	JLL	C	0.17%	0.27%	0.17%
	KAI	A	0.18%	0.15%	0.15%
	KFRC	D	0.02%	0.07%	0.02%
	KFY	B	0.09%	0.13%	0.09%
	KNF	B	0.13%	0.17%	0.13%
	KNSL	C	0.4%	0.24%	0.24%
	KRYS	D	0.2%	0.15%	0.15%
	LAMR	D	0.2%	0.26%	0.2%
	LANC	D	0.16%	0.13%	0.13%
	LGND	B	0.05%	0.13%	0.05%
	LMAT	A	0.08%	0.13%	0.08%
	LNTH	F	0.24%	0.16%	0.16%
	LOPE	B	0.19%	0.16%	0.16%
	LRN	A	0.12%	0.17%	0.12%
	LSTR	D	0.12%	0.17%	0.12%
	MASI	A	0.17%	0.23%	0.17%
	MATX	B	0.08%	0.17%	0.08%
	MCRI	A	0.04%	0.1%	0.04%
	MCY	A	0.04%	0.12%	0.04%
	MGRC	B	0.12%	0.11%	0.11%
	MIR	A	0.13%	0.15%	0.13%
	MLI	B	0.21%	0.25%	0.21%
	MLR	B	0.02%	0.09%	0.02%
	MMS	D	0.08%	0.15%	0.08%
	MMSI	A	0.23%	0.2%	0.2%
	MOG.A	B	0.19%	0.17%	0.17%
	MRVI	F	0.02%	0.06%	0.02%
	MSA	D	0.15%	0.16%	0.15%
	MSM	C	0.07%	0.13%	0.07%
	MTCH	F	0.32%	0.2%	0.2%
	MTN	C	0.15%	0.18%	0.15%
	MTSI	B	0.31%	0.21%	0.21%
	MUSA	A	0.41%	0.23%	0.23%
	MWA	A	0.11%	0.14%	0.11%
	NEU	C	0.05%	0.13%	0.05%
	NHC	B	0.04%	0.11%	0.04%
	NHI	D	0.14%	0.14%	0.14%
	NNN	D	0.14%	0.19%	0.14%
	NOVT	D	0.26%	0.17%	0.17%
	NPK	B	0.01%	0.07%	0.01%
	NSA	C	0.05%	0.12%	0.05%
	NSIT	F	0.09%	0.13%	0.09%
	NSSC	F	0.05%	0.07%	0.05%
	NYT	D	0.35%	0.24%	0.24%
	OLED	F	0.34%	0.18%	0.18%
	OLLI	D	0.24%	0.16%	0.16%
	ONTO	F	0.34%	0.21%	0.21%
	OSIS	A	0.06%	0.12%	0.06%
	OSK	C	0.09%	0.18%	0.09%
	OTTR	C	0.06%	0.13%	0.06%
	OWL	A	0.45%	0.26%	0.26%
	PATK	C	0.05%	0.12%	0.05%
	PBH	A	0.06%	0.16%	0.06%
	PCVX	D	0.46%	0.26%	0.26%
	PEGA	B	0.14%	0.16%	0.14%
	PI	D	0.18%	0.17%	0.17%
	PIPR	A	0.09%	0.18%	0.09%
	PJT	A	0.15%	0.15%	0.15%
	PLMR	A	0.09%	0.13%	0.09%
	PLNT	A	0.33%	0.23%	0.23%
	PLUS	F	0.05%	0.12%	0.05%
	PLXS	B	0.11%	0.16%	0.11%
	POST	D	0.14%	0.16%	0.14%
	POWL	C	0.13%	0.18%	0.13%
	PPC	B	0.05%	0.12%	0.05%
	PRCT	B	0.18%	0.19%	0.18%
	PRDO	B	0.02%	0.1%	0.02%
	PRI	A	0.24%	0.26%	0.24%
	PRIM	A	0.11%	0.16%	0.11%
	PSN	C	0.09%	0.15%	0.09%
	QCRH	A	0.02%	0.12%	0.02%
	QLYS	C	0.22%	0.17%	0.17%
	QTWO	A	0.24%	0.21%	0.21%
	R	A	0.13%	0.19%	0.13%
	RBC	A	0.36%	0.21%	0.21%
	RDN	C	0.09%	0.15%	0.09%
	RDNT	B	0.19%	0.2%	0.19%
	REX	C	0.02%	0.1%	0.02%
	REXR	F	0.24%	0.2%	0.2%
	REYN	D	0.02%	0.09%	0.02%
	RGEN	D	0.29%	0.19%	0.19%
	RGLD	C	0.22%	0.22%	0.22%
	RHI	B	0.2%	0.2%	0.2%
	RL	B	0.23%	0.22%	0.22%
	RLI	A	0.28%	0.2%	0.2%
	ROAD	B	0.16%	0.16%	0.16%
	ROCK	C	0.09%	0.1%	0.09%
	RUSHA	B	0.09%	0.13%	0.09%
	SAIC	D	0.12%	0.2%	0.12%
	SANM	B	0.07%	0.15%	0.07%
	SCVL	F	0.01%	0.08%	0.01%
	SEIC	A	0.25%	0.22%	0.22%
	SEM	B	0.08%	0.15%	0.08%
	SFM	A	0.41%	0.33%	0.33%
	SHO	D	0.09%	0.11%	0.09%
	SHOO	D	0.04%	0.13%	0.04%
	SIGI	A	0.07%	0.18%	0.07%
	SKWD	A	0.02%	0.13%	0.02%
	SKX	D	0.33%	0.2%	0.2%
	SKYW	A	0.11%	0.16%	0.11%
	SLP	F	0.02%	0.07%	0.02%
	SNEX	A	0.05%	0.13%	0.05%
	SPSC	D	0.27%	0.17%	0.17%
	SSD	D	0.32%	0.18%	0.18%
	STAA	F	0.04%	0.08%	0.04%
	STAG	D	0.11%	0.17%	0.11%
	STRA	C	0.09%	0.11%	0.09%
	STRL	B	0.24%	0.2%	0.2%
	SUM	B	0.24%	0.18%	0.18%
	SXT	C	0.07%	0.13%	0.07%
	TENB	D	0.2%	0.15%	0.15%
	THG	A	0.12%	0.18%	0.12%
	TKR	F	0.11%	0.13%	0.11%
	TNC	F	0.04%	0.08%	0.04%
	TPX	A	0.27%	0.23%	0.23%
	TREX	C	0.31%	0.18%	0.18%
	TRNS	F	0.04%	0.07%	0.04%
	TTC	D	0.2%	0.19%	0.19%
	TWST	F	0.1%	0.11%	0.1%
	TXRH	A	0.52%	0.29%	0.29%
	UE	B	0.07%	0.13%	0.07%
	UFPI	C	0.18%	0.19%	0.18%
	UFPT	C	0.1%	0.12%	0.1%
	UNF	A	0.06%	0.11%	0.06%
	URBN	C	0.04%	0.1%	0.04%
	USLM	A	0.06%	0.14%	0.06%
	USPH	C	0.03%	0.1%	0.03%
	UTI	A	0.03%	0.1%	0.03%
	VCEL	A	0.1%	0.14%	0.1%
	VCTR	B	0.06%	0.14%	0.06%
	VECO	F	0.05%	0.08%	0.05%
	VNT	C	0.15%	0.18%	0.15%
	VOYA	A	0.12%	0.22%	0.12%
	VRNS	D	0.23%	0.16%	0.16%
	VRRM	D	0.15%	0.11%	0.11%
	VVV	B	0.22%	0.16%	0.16%
	WDFC	A	0.15%	0.14%	0.14%
	WEN	C	0.07%	0.13%	0.07%
	WFRD	F	0.25%	0.18%	0.18%
	WH	A	0.09%	0.22%	0.09%
	WINA	B	0.05%	0.1%	0.05%
	WMG	B	0.18%	0.18%	0.18%
	WSR	B	0.01%	0.09%	0.01%
	WTS	A	0.22%	0.15%	0.15%
	WWD	B	0.4%	0.24%	0.24%
	XHR	B	0.06%	0.1%	0.06%
	YELP	C	0.05%	0.14%	0.05%
	ZETA	F	0.26%	0.16%	0.16%
	ZWS	B	0.23%	0.16%	0.16%

ISCG Overweight 692 Positions Relative to FSMD

	Symbol	Grade	Weight
	COHR	B	0.65%
	FTAI	A	0.62%
	TOST	A	0.61%
	SOFI	A	0.54%
	CVNA	A	0.53%
	INSM	D	0.47%
	NCLH	B	0.46%
	AFRM	A	0.42%
	CTLT	C	0.42%
	IOT	B	0.41%
	CAVA	B	0.41%
	ARMK	C	0.4%
	KBR	D	0.38%
	LNW	D	0.37%
	PCTY	B	0.36%
	PEN	B	0.35%
	ROKU	D	0.35%
	MTZ	B	0.35%
	ITCI	B	0.35%
	TKO	C	0.34%
	HQY	A	0.34%
	CRS	A	0.34%
	EGP	D	0.33%
	SMAR	A	0.31%
	SPXC	A	0.31%
	S	B	0.3%
	LSCC	D	0.3%
	WSC	F	0.3%
	BILL	A	0.3%
	ATI	D	0.29%
	APG	C	0.28%
	CART	C	0.28%
	GTLB	B	0.28%
	CGNX	D	0.28%
	FRPT	B	0.28%
	RYAN	A	0.28%
	VKTX	F	0.28%
	GTLS	A	0.28%
	AZEK	B	0.27%
	CWST	A	0.26%
	RHP	B	0.26%
	MKTX	C	0.26%
	LBRDK	B	0.25%
	AVAV	C	0.25%
	MOD	C	0.25%
	ELF	C	0.25%
	CRDO	C	0.25%
	LFUS	D	0.25%
	RMBS	C	0.24%
	FOUR	B	0.24%
	KRG	B	0.24%
	CFLT	C	0.24%
	UPST	B	0.24%
	IONS	F	0.23%
	INSP	F	0.23%
	CHX	C	0.23%
	TRNO	D	0.23%
	PATH	D	0.23%
	SKY	A	0.22%
	MDGL	C	0.22%
	ITRI	B	0.22%
	KNX	B	0.22%
	EDR	A	0.21%
	SHAK	B	0.2%
	HCP	B	0.2%
	HXL	F	0.2%
	GNRC	B	0.2%
	MARA	B	0.2%
	CHWY	B	0.19%
	FIVE	F	0.19%
	IONQ	A	0.19%
	WK	B	0.19%
	H	B	0.19%
	KEX	A	0.19%
	BOX	B	0.19%
	ORA	B	0.18%
	JEF	A	0.18%
	WEX	F	0.18%
	RARE	F	0.17%
	CWAN	B	0.17%
	BHVN	C	0.17%
	SMTC	C	0.16%
	ETSY	D	0.16%
	NOV	D	0.16%
	SITE	D	0.16%
	SITM	B	0.16%
	BROS	A	0.15%
	ACHC	F	0.15%
	CCCS	A	0.15%
	KTOS	B	0.15%
	OPCH	F	0.15%
	CLF	F	0.15%
	MIDD	D	0.14%
	PECO	A	0.14%
	NXT	C	0.14%
	SLAB	F	0.14%
	AXSM	B	0.14%
	APLE	B	0.14%
	RIOT	B	0.14%
	NUVL	D	0.13%
	AWR	A	0.13%
	HRI	B	0.13%
	CZR	F	0.13%
	NCNO	B	0.13%
	GME	C	0.13%
	SMPL	B	0.13%
	COLD	F	0.13%
	IRDM	C	0.13%
	HAS	D	0.13%
	WTM	A	0.13%
	GH	B	0.13%
	SG	C	0.13%
	RYTM	C	0.13%
	RDDT	B	0.13%
	SAM	B	0.12%
	ACVA	A	0.12%
	UEC	B	0.12%
	CARG	A	0.12%
	CLSK	C	0.12%
	CYTK	D	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%
	TPG	B	0.12%
	LITE	A	0.12%
	BDC	B	0.12%
	AGO	A	0.12%
	BE	A	0.11%
	IRTC	C	0.11%
	ALGM	F	0.11%
	CFR	A	0.11%
	FIVN	C	0.11%
	MKSI	D	0.11%
	FCFS	F	0.11%
	ALTM	C	0.11%
	AGYS	A	0.11%
	ACLS	F	0.11%
	THO	B	0.11%
	GAP	C	0.11%
	VCYT	B	0.11%
	OII	B	0.11%
	LIVN	C	0.11%
	CNS	B	0.11%
	RELY	B	0.11%
	TMDX	F	0.11%
	DV	C	0.11%
	BIO	C	0.11%
	RXO	C	0.11%
	LPX	A	0.11%
	NSP	F	0.11%
	GXO	B	0.11%
	NPO	A	0.1%
	LYFT	B	0.1%
	AL	A	0.1%
	FROG	C	0.1%
	WULF	C	0.1%
	APLS	F	0.1%
	MTRN	C	0.1%
	MYRG	B	0.1%
	PAR	A	0.1%
	SPB	C	0.1%
	RPD	C	0.1%
	IRT	A	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%
	GSHD	A	0.1%
	VAL	F	0.09%
	KYMR	C	0.09%
	STEP	A	0.09%
	EXTR	B	0.09%
	WHD	B	0.09%
	YOU	D	0.09%
	RCM	A	0.09%
	RYN	D	0.09%
	EBC	A	0.09%
	SPR	D	0.09%
	PTCT	B	0.09%
	GATX	A	0.09%
	CNMD	C	0.09%
	TGTX	B	0.09%
	MSGS	B	0.09%
	PRVA	B	0.09%
	HURN	B	0.09%
	OSCR	F	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%
	KWR	C	0.09%
	HOMB	A	0.09%
	JBT	B	0.09%
	BBIO	F	0.09%
	IMVT	D	0.08%
	BATRK	D	0.08%
	FFIN	A	0.08%
	CDP	C	0.08%
	RKLB	B	0.08%
	ALG	B	0.08%
	ABM	B	0.08%
	MNKD	B	0.08%
	ICUI	D	0.08%
	VERA	B	0.08%
	CALX	F	0.08%
	FRHC	A	0.08%
	AZTA	F	0.08%
	JOE	F	0.08%
	FOLD	F	0.08%
	FLYW	B	0.08%
	YETI	F	0.08%
	SFBS	A	0.08%
	AEIS	B	0.08%
	VSEC	B	0.08%
	BRZE	C	0.08%
	SYNA	C	0.08%
	ZI	D	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%
	UCTT	F	0.07%
	TRIP	D	0.07%
	TRN	A	0.07%
	AGIO	B	0.07%
	MGEE	A	0.07%
	TGLS	A	0.07%
	AM	A	0.07%
	IDA	A	0.07%
	ALKT	B	0.07%
	AVDX	C	0.07%
	RRR	D	0.07%
	DNLI	C	0.07%
	ATRC	C	0.07%
	TDC	F	0.07%
	OSW	B	0.07%
	ENV	B	0.07%
	PD	C	0.07%
	MP	B	0.07%
	POR	D	0.07%
	ROG	D	0.07%
	CRSP	D	0.07%
	SWTX	C	0.07%
	MBLY	C	0.06%
	PGNY	F	0.06%
	HHH	B	0.06%
	WSFS	A	0.06%
	LNN	B	0.06%
	APPN	B	0.06%
	AVPT	A	0.06%
	MIRM	A	0.06%
	PYCR	C	0.06%
	SBCF	A	0.06%
	SMG	D	0.06%
	DBRG	D	0.06%
	DRS	B	0.06%
	HASI	F	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%
	WVE	C	0.06%
	EVH	F	0.06%
	CLDX	F	0.06%
	JJSF	C	0.06%
	RXST	F	0.06%
	MYGN	F	0.06%
	SXI	A	0.06%
	POWI	D	0.06%
	GFF	A	0.06%
	MSGE	D	0.06%
	REZI	A	0.06%
	IDYA	F	0.06%
	NTLA	F	0.06%
	SONO	C	0.06%
	TDW	F	0.06%
	TBBK	A	0.06%
	LOB	A	0.06%
	XNCR	B	0.06%
	PTEN	D	0.06%
	SHC	D	0.05%
	LOAR	B	0.05%
	HRMY	D	0.05%
	ALIT	C	0.05%
	FTRE	D	0.05%
	QNST	C	0.05%
	TRUP	A	0.05%
	PHR	F	0.05%
	HAYW	A	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%
	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%
	PCH	D	0.05%
	RNG	B	0.05%
	BANF	A	0.05%
	DOCN	D	0.05%
	RAMP	C	0.05%
	HL	D	0.05%
	NJR	A	0.05%
	HGV	B	0.05%
	SPT	C	0.05%
	ARWR	D	0.05%
	RIG	D	0.05%
	HLIT	F	0.05%
	TNDM	F	0.05%
	VICR	B	0.05%
	CDE	D	0.05%
	COCO	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%
	DNUT	D	0.04%
	PRM	C	0.04%
	CXM	C	0.04%
	PLUG	D	0.04%
	DVAX	C	0.04%
	CGON	D	0.04%
	VVI	A	0.04%
	SMMT	D	0.04%
	TXG	F	0.04%
	SRRK	C	0.04%
	CLB	C	0.04%
	ATEC	C	0.04%
	MGNI	A	0.04%
	XPEL	B	0.04%
	ASPN	F	0.04%
	TILE	A	0.04%
	AMBA	B	0.04%
	LC	B	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%
	PRO	C	0.04%
	LBRDA	B	0.04%
	PDFS	D	0.04%
	HEES	B	0.04%
	ULS	D	0.04%
	OUT	C	0.04%
	VMEO	B	0.04%
	AKRO	C	0.04%
	SYBT	A	0.04%
	SLNO	C	0.04%
	DIOD	F	0.04%
	IPGP	D	0.04%
	GDYN	C	0.04%
	RBRK	B	0.04%
	TFIN	A	0.04%
	ALEX	B	0.04%
	IMAX	B	0.04%
	ARDX	F	0.04%
	CPK	A	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%
	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%
	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%
	NTST	D	0.03%
	AUPH	B	0.03%
	VRTS	A	0.03%
	SAVA	C	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%
	WT	A	0.03%
	HI	C	0.03%
	LEU	C	0.03%
	LMND	A	0.03%
	GO	C	0.03%
	ARVN	D	0.03%
	DFIN	D	0.03%
	FCPT	C	0.03%
	CDRE	D	0.03%
	UDMY	D	0.03%
	AGM	A	0.03%
	HUT	B	0.03%
	NABL	F	0.03%
	NBBK	B	0.03%
	MTTR	B	0.03%
	EVTC	C	0.03%
	DNOW	A	0.03%
	COUR	F	0.03%
	VITL	F	0.03%
	SYM	C	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%
	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%
	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%
	ATSG	A	0.02%
	CARS	B	0.02%
	BATRA	D	0.02%
	SVRA	F	0.02%
	RPAY	D	0.02%
	RCKT	F	0.02%
	BMBL	C	0.02%
	GABC	A	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%
	AIV	C	0.02%
	ACHR	B	0.02%
	IE	C	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%
	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%
	MBIN	D	0.02%
	PEB	F	0.02%
	TFSL	A	0.02%
	MSEX	B	0.02%
	DAWN	D	0.02%
	LQDT	A	0.02%
	BTSG	A	0.02%
	BFC	B	0.02%
	IMNM	F	0.02%
	DXPE	A	0.02%
	MXL	C	0.02%
	BSIG	A	0.02%
	MQ	F	0.02%
	KGS	A	0.02%
	SAFT	A	0.02%
	AORT	B	0.02%
	SIBN	D	0.02%
	MLNK	C	0.02%
	TDOC	C	0.02%
	SYRE	D	0.02%
	WS	B	0.02%
	NVAX	F	0.02%
	CMCO	C	0.02%
	LMB	A	0.02%
	NIC	A	0.02%
	LKFN	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%
	HBT	A	0.01%
	KE	C	0.01%
	SEMR	D	0.01%
	GDRX	F	0.01%
	ALEC	F	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%
	CLBK	B	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%
	AMBC	C	0.01%
	ATRO	F	0.01%
	PGY	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%
	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%
	CCB	A	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%
	TIPT	A	0.01%
	FPI	B	0.01%
	RES	F	0.01%
	EZPW	A	0.01%
	SWBI	D	0.01%
	RBCAA	A	0.01%
	ABSI	F	0.01%
	ALNT	C	0.01%
	ULCC	B	0.01%
	AOSL	F	0.01%
	NRDS	C	0.01%
	PRA	A	0.01%
	TMCI	C	0.01%
	MRTN	C	0.01%
	MNTK	F	0.01%
	IIIV	B	0.01%
	WMK	B	0.01%
	MUX	F	0.01%
	PUMP	F	0.01%
	IMXI	B	0.01%
	FIGS	F	0.01%
	SWI	B	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 282 Positions Relative to FSMD

	Symbol	Grade	Weight
	TPL	A	-0.57%
	EME	B	-0.46%
	LYV	A	-0.42%
	IBKR	A	-0.42%
	NRG	B	-0.41%
	UTHR	B	-0.38%
	NTNX	A	-0.38%
	LII	B	-0.37%
	SNA	A	-0.37%
	MANH	D	-0.36%
	NTRA	B	-0.35%
	RPM	A	-0.35%
	THC	C	-0.34%
	PNR	A	-0.34%
	FIX	A	-0.34%
	NWSA	B	-0.33%
	EWBC	A	-0.33%
	TOL	B	-0.33%
	WSO	A	-0.33%
	CASY	B	-0.32%
	OC	A	-0.32%
	EQH	B	-0.32%
	TW	B	-0.32%
	RGA	A	-0.31%
	L	A	-0.31%
	ACM	B	-0.31%
	GGG	A	-0.3%
	INCY	B	-0.3%
	RNR	D	-0.3%
	PSTG	F	-0.3%
	SF	A	-0.29%
	ROL	A	-0.29%
	FTI	A	-0.29%
	UNM	A	-0.29%
	CPT	D	-0.28%
	TPR	A	-0.28%
	NDSN	B	-0.28%
	ELS	B	-0.28%
	DTM	A	-0.28%
	SCI	B	-0.28%
	SW	A	-0.28%
	NBIX	D	-0.27%
	TTEK	D	-0.27%
	UHS	D	-0.27%
	REG	A	-0.27%
	CLH	C	-0.27%
	JNPR	D	-0.27%
	LECO	C	-0.26%
	BSY	D	-0.26%
	BXP	D	-0.26%
	ALLE	D	-0.26%
	WBS	A	-0.26%
	AMH	C	-0.26%
	FHN	A	-0.26%
	NVT	B	-0.26%
	AIZ	A	-0.26%
	CHRW	A	-0.26%
	SOLV	C	-0.25%
	WAL	A	-0.25%
	DOX	D	-0.25%
	DKS	D	-0.25%
	BJ	B	-0.25%
	TAP	A	-0.25%
	OGE	A	-0.24%
	BLD	F	-0.24%
	OHI	C	-0.24%
	CMA	A	-0.24%
	MORN	B	-0.23%
	AFG	A	-0.23%
	ZION	A	-0.23%
	ORI	A	-0.23%
	SRPT	F	-0.23%
	SNV	A	-0.23%
	ERIE	F	-0.23%
	GL	B	-0.23%
	JXN	B	-0.22%
	SNX	D	-0.22%
	DVA	C	-0.22%
	CBSH	A	-0.22%
	ALLY	C	-0.22%
	WING	F	-0.22%
	CHDN	C	-0.22%
	WTFC	A	-0.22%
	MEDP	D	-0.21%
	HSIC	D	-0.21%
	EWTX	C	-0.21%
	TFX	F	-0.21%
	ELAN	C	-0.2%
	CRBG	B	-0.2%
	TMHC	B	-0.2%
	CPB	D	-0.2%
	CHRD	F	-0.2%
	HRL	D	-0.2%
	BWA	A	-0.2%
	G	A	-0.2%
	CMC	B	-0.19%
	MHK	D	-0.19%
	WMS	F	-0.19%
	AXS	A	-0.19%
	ACI	C	-0.19%
	KD	A	-0.19%
	COOP	B	-0.19%
	AOS	F	-0.19%
	BERY	D	-0.19%
	ACLX	C	-0.19%
	DINO	D	-0.18%
	SN	C	-0.18%
	MGY	A	-0.18%
	MTG	C	-0.18%
	VMI	B	-0.18%
	BPOP	C	-0.18%
	UMBF	A	-0.18%
	NFG	A	-0.18%
	OMF	A	-0.18%
	TDS	B	-0.18%
	NXST	D	-0.17%
	KTB	A	-0.17%
	SLM	A	-0.17%
	ESNT	D	-0.17%
	GPI	A	-0.17%
	MTH	D	-0.17%
	HII	F	-0.17%
	BYD	A	-0.17%
	TGNA	B	-0.16%
	ABG	A	-0.16%
	CNO	A	-0.16%
	ZD	B	-0.16%
	ALE	A	-0.16%
	CUZ	B	-0.16%
	ASB	A	-0.16%
	OZK	A	-0.16%
	BKH	A	-0.16%
	KBH	D	-0.16%
	ARW	D	-0.16%
	CNM	F	-0.16%
	GEO	A	-0.16%
	UGI	C	-0.16%
	FULT	A	-0.15%
	NWE	C	-0.15%
	KRC	C	-0.15%
	AGCO	D	-0.15%
	VIRT	A	-0.15%
	FHI	A	-0.15%
	CALM	A	-0.15%
	DXC	C	-0.15%
	GHC	A	-0.15%
	TNL	A	-0.15%
	BRKR	F	-0.15%
	BCC	B	-0.15%
	AVT	C	-0.15%
	SR	A	-0.15%
	CTRE	D	-0.15%
	CATY	A	-0.15%
	BTU	B	-0.15%
	FBP	A	-0.14%
	SLVM	B	-0.14%
	PRGS	B	-0.14%
	SUPN	B	-0.14%
	ESGR	B	-0.14%
	CXW	B	-0.14%
	ENVA	A	-0.14%
	MHO	D	-0.14%
	SLGN	B	-0.14%
	SON	D	-0.14%
	SMLR	B	-0.14%
	CIVI	F	-0.14%
	WKC	C	-0.13%
	HOG	D	-0.13%
	HCC	B	-0.13%
	NMIH	D	-0.13%
	ARCH	B	-0.13%
	PHIN	A	-0.13%
	DEI	B	-0.13%
	ASO	F	-0.13%
	AN	D	-0.13%
	AVA	C	-0.13%
	HIW	D	-0.13%
	FLO	D	-0.13%
	GPOR	A	-0.13%
	GTES	B	-0.13%
	BFH	A	-0.13%
	AGR	A	-0.13%
	TPH	D	-0.13%
	GNW	A	-0.13%
	TPB	A	-0.12%
	LBRT	F	-0.12%
	PAHC	A	-0.12%
	PAG	A	-0.12%
	OGN	F	-0.12%
	USM	B	-0.12%
	PBF	D	-0.12%
	AMRX	C	-0.12%
	HMN	A	-0.12%
	WSBC	A	-0.12%
	VSTO	A	-0.12%
	WU	F	-0.12%
	PINC	B	-0.12%
	WLK	F	-0.12%
	UVSP	A	-0.11%
	PLAB	D	-0.11%
	LZB	A	-0.11%
	CPF	A	-0.11%
	GIII	D	-0.11%
	PFBC	A	-0.11%
	HCI	B	-0.11%
	WABC	A	-0.11%
	LTC	B	-0.11%
	EQC	A	-0.11%
	BKE	A	-0.11%
	CTBI	A	-0.11%
	SBH	A	-0.11%
	CXT	D	-0.11%
	SPOK	B	-0.11%
	OFG	B	-0.11%
	HUBG	A	-0.11%
	ADTN	A	-0.11%
	PLTK	A	-0.11%
	MCB	A	-0.11%
	MTX	B	-0.11%
	GNE	F	-0.1%
	DDS	B	-0.1%
	TPC	C	-0.1%
	CUBI	B	-0.1%
	KURA	F	-0.1%
	DEA	D	-0.1%
	INSW	F	-0.1%
	SCSC	B	-0.1%
	UVE	A	-0.1%
	ACT	C	-0.1%
	THFF	A	-0.1%
	SPNT	A	-0.1%
	LEVI	F	-0.1%
	MDU	D	-0.1%
	PDM	D	-0.1%
	SRCE	A	-0.1%
	SXC	A	-0.1%
	IBCP	A	-0.1%
	MSBI	A	-0.1%
	STNG	F	-0.1%
	UTL	C	-0.1%
	CSV	B	-0.1%
	SIRI	C	-0.1%
	PEBO	A	-0.1%
	INVA	C	-0.1%
	ZYXI	D	-0.09%
	UTMD	D	-0.09%
	PGRE	C	-0.09%
	CWCO	C	-0.09%
	KLG	F	-0.09%
	SMP	C	-0.09%
	FF	F	-0.09%
	SCHL	F	-0.09%
	OLP	A	-0.09%
	UPBD	B	-0.09%
	ALX	D	-0.08%
	NVEC	D	-0.08%
	LPG	F	-0.08%
	AMCX	C	-0.08%
	OSUR	F	-0.08%
	IMKTA	C	-0.08%
	ETD	D	-0.08%
	SCS	A	-0.08%
	COLL	F	-0.08%
	VNDA	C	-0.08%
	SSTK	F	-0.08%
	EGY	F	-0.08%
	HCSG	B	-0.08%
	VSH	F	-0.08%
	CNXC	F	-0.07%
	SIGA	F	-0.07%
	BRY	F	-0.07%
	METC	C	-0.07%
	EBF	D	-0.07%
	KRT	A	-0.07%
	RMR	F	-0.07%
	HE	D	-0.07%
	IMMR	F	-0.06%
	ASC	F	-0.06%
	PANL	F	-0.06%
	AMN	F	-0.05%
	KELYA	F	-0.05%
	CLW	F	-0.04%

ISCG: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Diversified Industrials Banks - Regional - US Business Services Medical Devices Specialty Chemicals Aerospace & Defense Building Materials Electronic Components Oil & Gas Equipment & Services Specialty Retail Asset Management Diagnostics & Research Engineering & Construction Medical Instruments & Supplies REIT - Retail Semiconductors Auto Parts

Keywords: Medicine Biopharmaceutical Biotechnology Computing Real Estate Investment Trust Banking Cancer Chemical Bank Aerospace Construction Electronics Insurance Mining Semiconductor Telecommunications Transport Clinical Medicine Life Sciences Natural Gas

FSMD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Diversified Industrials Business Services Software - Application Building Materials Insurance - Property & Casualty Specialty Chemicals Asset Management Engineering & Construction Medical Care Packaged Foods Software - Infrastructure Capital Markets Medical Instruments & Supplies Oil & Gas E&P Packaging & Containers Auto Parts REIT - Office REIT - Retail

Keywords: Banking Bank Insurance S&P 500 Real Estate Investment Trust Chemical Medicine Construction Mining Computing Electronics Natural Gas Deposit Products Clothing Building Materials Aerospace Supply Chain Management Biotechnology Retail Store Commercial Banking