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 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

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

$41.21

Average Daily Volume

87,113

Number of Holdings ^*

579

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FSMD
30 Days	4.74%	3.83%
60 Days	10.66%	9.21%
90 Days	8.22%	11.09%
12 Months	30.48%	31.91%

296 Overlapping Holdings

Symbol	Grade	Weight in ISCG	Weight in FSMD	Overlap
AAON	A	0.31%	0.2%	0.2%
AAT	C	0.02%	0.1%	0.02%
ACA	C	0.2%	0.14%	0.14%
ACIW	A	0.17%	0.17%	0.17%
ADC	C	0.13%	0.21%	0.13%
ADMA	A	0.2%	0.21%	0.2%
ADUS	D	0.1%	0.14%	0.1%
AEO	C	0.1%	0.14%	0.1%
AGX	A	0.03%	0.11%	0.03%
AIT	B	0.37%	0.21%	0.21%
ALKS	B	0.12%	0.16%	0.12%
ALRM	F	0.11%	0.11%	0.11%
ALSN	A	0.14%	0.21%	0.14%
ALTR	B	0.22%	0.18%	0.18%
ALV	F	0.14%	0.18%	0.14%
AMAL	B	0.01%	0.1%	0.01%
AMED	D	0.04%	0.14%	0.04%
AMG	B	0.11%	0.17%	0.11%
AMKR	F	0.08%	0.13%	0.08%
AMPH	C	0.08%	0.12%	0.08%
AMR	F	0.04%	0.1%	0.04%
ANDE	D	0.03%	0.09%	0.03%
ANF	D	0.29%	0.2%	0.2%
ANIP	F	0.05%	0.09%	0.05%
APAM	B	0.07%	0.13%	0.07%
APOG	B	0.03%	0.09%	0.03%
APPF	C	0.22%	0.17%	0.17%
AROC	B	0.07%	0.16%	0.07%
ASGN	D	0.06%	0.15%	0.06%
ASH	F	0.09%	0.14%	0.09%
ASTH	B	0.1%	0.13%	0.1%
ATEN	B	0.04%	0.1%	0.04%
ATGE	D	0.07%	0.13%	0.07%
ATR	A	0.31%	0.25%	0.25%
AWI	A	0.25%	0.16%	0.16%
AX	D	0.07%	0.13%	0.07%
AXNX	A	0.15%	0.15%	0.15%
AXTA	C	0.22%	0.2%	0.2%
AYI	A	0.28%	0.21%	0.21%
AZZ	B	0.05%	0.11%	0.05%
BBSI	B	0.03%	0.08%	0.03%
BCO	C	0.15%	0.15%	0.15%
BCPC	C	0.24%	0.17%	0.17%
BFAM	C	0.34%	0.23%	0.23%
BGC	B	0.02%	0.14%	0.02%
BHE	C	0.03%	0.11%	0.03%
BMI	A	0.27%	0.19%	0.19%
BNL	C	0.05%	0.15%	0.05%
BPMC	F	0.24%	0.17%	0.17%
BRBR	A	0.35%	0.22%	0.22%
BRC	C	0.07%	0.13%	0.07%
BRX	C	0.13%	0.23%	0.13%
BWXT	A	0.44%	0.23%	0.23%
CACI	A	0.33%	0.25%	0.25%
CASH	C	0.03%	0.11%	0.03%
CASS	F	0.01%	0.09%	0.01%
CBT	B	0.18%	0.18%	0.18%
CBZ	F	0.14%	0.12%	0.12%
CECO	D	0.04%	0.08%	0.04%
CEIX	B	0.04%	0.15%	0.04%
CFB	D	0.02%	0.09%	0.02%
CHCO	D	0.03%	0.11%	0.03%
CHE	D	0.38%	0.24%	0.24%
CHH	A	0.16%	0.14%	0.14%
CIEN	A	0.2%	0.24%	0.2%
CNX	A	0.08%	0.2%	0.08%
CNXN	C	0.02%	0.09%	0.02%
COKE	C	0.29%	0.18%	0.18%
COLM	B	0.05%	0.13%	0.05%
CORT	B	0.11%	0.16%	0.11%
CPRX	C	0.04%	0.14%	0.04%
CR	A	0.23%	0.2%	0.2%
CRAI	B	0.05%	0.09%	0.05%
CRNX	C	0.15%	0.14%	0.14%
CROX	C	0.1%	0.23%	0.1%
CRUS	D	0.09%	0.19%	0.09%
CRVL	C	0.13%	0.14%	0.13%
CSWI	A	0.26%	0.17%	0.17%
CTS	B	0.06%	0.1%	0.06%
CUBE	C	0.51%	0.29%	0.29%
CVCO	C	0.15%	0.14%	0.14%
CVLT	B	0.28%	0.19%	0.19%
CW	A	0.56%	0.28%	0.28%
DBX	C	0.11%	0.18%	0.11%
DCI	B	0.38%	0.21%	0.21%
DLB	D	0.2%	0.15%	0.15%
DOCS	A	0.23%	0.22%	0.22%
DORM	C	0.08%	0.15%	0.08%
DUOL	B	0.44%	0.32%	0.32%
DY	C	0.24%	0.17%	0.17%
EEFT	F	0.1%	0.15%	0.1%
EHC	C	0.41%	0.25%	0.25%
EIG	A	0.01%	0.1%	0.01%
ENS	B	0.08%	0.13%	0.08%
ENSG	D	0.35%	0.24%	0.24%
EPAC	A	0.1%	0.11%	0.1%
EPRT	C	0.15%	0.19%	0.15%
ESAB	C	0.18%	0.17%	0.17%
ESI	C	0.1%	0.17%	0.1%
ESTC	F	0.28%	0.17%	0.17%
EVR	C	0.11%	0.24%	0.11%
EXEL	B	0.33%	0.22%	0.22%
EXLS	B	0.27%	0.18%	0.18%
EXP	C	0.42%	0.24%	0.24%
EXPO	A	0.25%	0.17%	0.17%
FCN	C	0.35%	0.2%	0.2%
FELE	C	0.18%	0.14%	0.14%
FIZZ	F	0.03%	0.09%	0.03%
FLS	A	0.18%	0.18%	0.18%
FN	B	0.36%	0.22%	0.22%
FORM	D	0.15%	0.13%	0.13%
FR	D	0.3%	0.2%	0.2%
FRT	D	0.21%	0.23%	0.21%
FSS	D	0.24%	0.16%	0.16%
FTDR	B	0.07%	0.15%	0.07%
FUL	F	0.11%	0.15%	0.11%
GIC	D	0.01%	0.07%	0.01%
GKOS	B	0.29%	0.2%	0.2%
GMED	B	0.21%	0.22%	0.21%
GNTX	D	0.3%	0.2%	0.2%
GOLF	F	0.04%	0.1%	0.04%
GPK	D	0.18%	0.22%	0.18%
GWRE	A	0.65%	0.34%	0.34%
HAE	F	0.17%	0.13%	0.13%
HALO	D	0.31%	0.21%	0.21%
HCKT	D	0.02%	0.09%	0.02%
HIMS	C	0.13%	0.12%	0.12%
HLI	A	0.21%	0.23%	0.21%
HLNE	A	0.29%	0.2%	0.2%
HNI	B	0.04%	0.1%	0.04%
HRB	C	0.15%	0.24%	0.15%
HSII	D	0.01%	0.08%	0.01%
HSTM	B	0.03%	0.09%	0.03%
HWKN	B	0.11%	0.11%	0.11%
IBOC	D	0.07%	0.13%	0.07%
IBP	C	0.25%	0.18%	0.18%
ICFI	C	0.13%	0.12%	0.12%
IDCC	A	0.15%	0.14%	0.14%
IDT	C	0.02%	0.12%	0.02%
IESC	A	0.07%	0.11%	0.07%
INFA	D	0.05%	0.1%	0.05%
INGR	B	0.13%	0.23%	0.13%
IOSP	F	0.12%	0.11%	0.11%
ITGR	B	0.14%	0.17%	0.14%
ITT	C	0.52%	0.27%	0.27%
JBI	F	0.03%	0.06%	0.03%
JBSS	F	0.02%	0.08%	0.02%
JLL	C	0.19%	0.29%	0.19%
KAI	C	0.17%	0.13%	0.13%
KFRC	F	0.03%	0.08%	0.03%
KFY	C	0.09%	0.13%	0.09%
KNF	B	0.12%	0.17%	0.12%
KNSL	B	0.45%	0.25%	0.25%
KRYS	D	0.2%	0.15%	0.15%
LAMR	C	0.22%	0.28%	0.22%
LANC	F	0.16%	0.13%	0.13%
LGND	C	0.05%	0.11%	0.05%
LMAT	A	0.08%	0.12%	0.08%
LNTH	C	0.31%	0.22%	0.22%
LOPE	D	0.17%	0.15%	0.15%
LRN	D	0.11%	0.15%	0.11%
LSTR	F	0.13%	0.18%	0.13%
MASI	B	0.16%	0.21%	0.16%
MATX	C	0.07%	0.16%	0.07%
MCRI	B	0.04%	0.1%	0.04%
MCY	B	0.04%	0.11%	0.04%
MGRC	D	0.11%	0.11%	0.11%
MIR	B	0.1%	0.12%	0.1%
MLI	B	0.17%	0.2%	0.17%
MLR	B	0.01%	0.07%	0.01%
MMS	C	0.09%	0.16%	0.09%
MMSI	C	0.24%	0.2%	0.2%
MOG.A	C	0.18%	0.17%	0.17%
MRVI	F	0.04%	0.09%	0.04%
MSA	F	0.17%	0.17%	0.17%
MSM	D	0.07%	0.13%	0.07%
MTCH	B	0.43%	0.26%	0.26%
MTN	D	0.16%	0.2%	0.16%
MTSI	B	0.26%	0.18%	0.18%
MUSA	D	0.43%	0.23%	0.23%
MWA	A	0.1%	0.12%	0.1%
NEU	F	0.05%	0.14%	0.05%
NHC	D	0.04%	0.11%	0.04%
NHI	C	0.16%	0.15%	0.15%
NNN	C	0.18%	0.23%	0.18%
NOVT	C	0.27%	0.19%	0.19%
NPK	F	0.01%	0.07%	0.01%
NSA	D	0.06%	0.14%	0.06%
NSIT	B	0.13%	0.18%	0.13%
NSSC	F	0.06%	0.08%	0.06%
NYT	C	0.37%	0.25%	0.25%
OLED	B	0.41%	0.23%	0.23%
OLLI	C	0.25%	0.19%	0.19%
ONTO	B	0.42%	0.26%	0.26%
OSIS	C	0.07%	0.12%	0.07%
OSK	F	0.09%	0.17%	0.09%
OTTR	F	0.06%	0.13%	0.06%
OWL	A	0.42%	0.23%	0.23%
PATK	A	0.06%	0.14%	0.06%
PBH	D	0.06%	0.15%	0.06%
PCVX	C	0.55%	0.31%	0.31%
PEGA	B	0.13%	0.14%	0.13%
PI	A	0.21%	0.2%	0.2%
PIPR	A	0.08%	0.16%	0.08%
PJT	A	0.13%	0.14%	0.13%
PLMR	A	0.1%	0.13%	0.1%
PLNT	B	0.31%	0.21%	0.21%
PLUS	B	0.06%	0.13%	0.06%
PLXS	A	0.1%	0.15%	0.1%
POST	C	0.16%	0.17%	0.16%
POWL	B	0.09%	0.12%	0.09%
PPC	C	0.05%	0.1%	0.05%
PRCT	D	0.15%	0.17%	0.15%
PRDO	D	0.02%	0.1%	0.02%
PRI	A	0.24%	0.24%	0.24%
PRIM	A	0.08%	0.12%	0.08%
PSN	A	0.09%	0.15%	0.09%
QCRH	C	0.02%	0.1%	0.02%
QLYS	F	0.2%	0.15%	0.15%
QTWO	B	0.2%	0.17%	0.17%
R	C	0.12%	0.18%	0.12%
RBC	C	0.37%	0.21%	0.21%
RDNT	C	0.19%	0.18%	0.18%
REX	D	0.02%	0.1%	0.02%
REXR	D	0.3%	0.27%	0.27%
REYN	D	0.03%	0.11%	0.03%
RGEN	F	0.33%	0.19%	0.19%
RGLD	C	0.23%	0.24%	0.23%
RHI	D	0.19%	0.18%	0.18%
RL	B	0.22%	0.21%	0.21%
RLI	A	0.28%	0.19%	0.19%
ROAD	C	0.13%	0.13%	0.13%
ROCK	D	0.09%	0.1%	0.09%
RUSHA	D	0.08%	0.12%	0.08%
SAIC	A	0.13%	0.19%	0.13%
SANM	D	0.06%	0.14%	0.06%
SCVL	D	0.01%	0.1%	0.01%
SEIC	B	0.23%	0.2%	0.2%
SEM	D	0.07%	0.14%	0.07%
SFM	A	0.34%	0.26%	0.26%
SHO	B	0.09%	0.12%	0.09%
SHOO	A	0.05%	0.15%	0.05%
SIGI	D	0.07%	0.18%	0.07%
SKWD	A	0.02%	0.11%	0.02%
SKX	B	0.38%	0.23%	0.23%
SKYW	B	0.09%	0.13%	0.09%
SLP	F	0.02%	0.07%	0.02%
SNEX	B	0.04%	0.12%	0.04%
SPSC	D	0.3%	0.19%	0.19%
SQSP	A	0.12%	0.12%	0.12%
SSD	B	0.35%	0.2%	0.2%
STAA	D	0.06%	0.09%	0.06%
STAG	D	0.13%	0.2%	0.13%
STRA	F	0.09%	0.11%	0.09%
STRL	B	0.19%	0.16%	0.16%
SUM	F	0.19%	0.15%	0.15%
SXT	C	0.08%	0.13%	0.08%
TENB	D	0.21%	0.15%	0.15%
THG	A	0.12%	0.18%	0.12%
TKR	B	0.13%	0.15%	0.13%
TNC	F	0.05%	0.09%	0.05%
TPX	C	0.3%	0.24%	0.24%
TREX	D	0.32%	0.17%	0.17%
TRNS	D	0.05%	0.09%	0.05%
TTC	F	0.22%	0.21%	0.21%
TWST	D	0.1%	0.12%	0.1%
TXRH	A	0.51%	0.28%	0.28%
UE	C	0.07%	0.13%	0.07%
UFPI	C	0.19%	0.2%	0.19%
UFPT	D	0.1%	0.13%	0.1%
UNF	A	0.06%	0.11%	0.06%
URBN	F	0.04%	0.1%	0.04%
USLM	C	0.04%	0.1%	0.04%
USPH	F	0.03%	0.1%	0.03%
UTI	F	0.03%	0.08%	0.03%
VCEL	F	0.08%	0.12%	0.08%
VCTR	A	0.05%	0.12%	0.05%
VECO	F	0.06%	0.09%	0.06%
VNT	F	0.14%	0.16%	0.14%
VOYA	A	0.13%	0.22%	0.13%
VRNS	B	0.26%	0.19%	0.19%
VRRM	D	0.2%	0.14%	0.14%
VVV	D	0.23%	0.16%	0.16%
WDFC	B	0.15%	0.13%	0.13%
WEN	B	0.07%	0.13%	0.07%
WFRD	F	0.27%	0.18%	0.18%
WH	C	0.08%	0.19%	0.08%
WINA	C	0.05%	0.1%	0.05%
WMG	D	0.18%	0.18%	0.18%
WSR	C	0.01%	0.09%	0.01%
WTS	C	0.24%	0.16%	0.16%
WWD	C	0.41%	0.24%	0.24%
XHR	A	0.06%	0.11%	0.06%
YELP	D	0.05%	0.13%	0.05%
ZETA	B	0.23%	0.17%	0.17%
ZWS	A	0.23%	0.15%	0.15%

ISCG Overweight 697 Positions Relative to FSMD

Symbol	Grade	Weight
COHR	B	0.57%
FTAI	A	0.56%
INSM	D	0.51%
TOST	B	0.5%
CTLT	A	0.47%
ARMK	C	0.42%
CVNA	A	0.41%
IOT	C	0.39%
AFRM	C	0.38%
EGP	D	0.38%
KBR	A	0.38%
ROKU	C	0.38%
TKO	A	0.37%
CAVA	B	0.37%
NCLH	C	0.36%
ATI	C	0.35%
LNW	F	0.34%
SOFI	C	0.34%
SMAR	A	0.33%
CRS	B	0.33%
MTZ	A	0.32%
ITCI	D	0.31%
PEN	D	0.31%
PCTY	C	0.31%
WSC	D	0.31%
SPXC	A	0.31%
HQY	B	0.3%
LSCC	D	0.3%
RYAN	A	0.29%
AZEK	D	0.29%
VKTX	C	0.28%
CGNX	F	0.28%
LFUS	C	0.28%
MKTX	B	0.27%
TRNO	D	0.27%
INSP	C	0.27%
S	C	0.27%
RHP	B	0.27%
MOD	B	0.27%
CWST	D	0.26%
APG	F	0.26%
FRPT	A	0.26%
ACHC	F	0.25%
KRG	C	0.25%
IONS	F	0.25%
GTLB	D	0.25%
AVAV	B	0.25%
CHX	C	0.25%
CART	B	0.25%
SKY	C	0.24%
PATH	D	0.24%
ELF	F	0.24%
WEX	C	0.23%
FOUR	A	0.23%
EDR	A	0.23%
KNX	D	0.22%
BILL	D	0.22%
HCP	A	0.22%
HXL	F	0.22%
GTLS	D	0.22%
LBRDK	C	0.22%
OPCH	F	0.22%
ITRI	C	0.21%
FIVE	D	0.21%
BOX	C	0.2%
H	B	0.2%
KEX	C	0.2%
RARE	D	0.2%
TMDX	D	0.2%
RMBS	F	0.19%
GNRC	B	0.19%
CFLT	F	0.19%
ORA	C	0.18%
JEF	A	0.17%
WK	D	0.17%
ETSY	F	0.17%
COLD	D	0.17%
NOV	F	0.17%
CHWY	C	0.17%
CRDO	B	0.17%
MARA	F	0.17%
SITE	D	0.17%
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%
IRDM	C	0.15%
NUVL	B	0.15%
OSCR	C	0.15%
CCCS	D	0.15%
SLAB	D	0.15%
AXSM	D	0.15%
SMPL	D	0.14%
SMTC	C	0.14%
CZR	B	0.14%
BWIN	A	0.14%
ACLS	F	0.14%
MDGL	F	0.14%
CWAN	B	0.14%
PECO	C	0.14%
NXT	F	0.14%
ACVA	C	0.13%
SG	C	0.13%
RH	C	0.13%
NSP	F	0.13%
SITM	A	0.13%
AWR	B	0.13%
EVH	D	0.13%
WTM	C	0.13%
GAP	F	0.12%
ALGM	F	0.12%
SAM	D	0.12%
TPG	A	0.12%
CYTK	D	0.12%
BL	D	0.12%
LPX	C	0.12%
THO	C	0.12%
LCID	F	0.12%
LIVN	C	0.12%
AGO	B	0.12%
BOOT	B	0.12%
FCFS	F	0.12%
GME	D	0.12%
UPST	C	0.12%
BDC	A	0.12%
DV	F	0.11%
PTGX	C	0.11%
IRT	D	0.11%
SGRY	C	0.11%
MAT	B	0.11%
YOU	C	0.11%
CNS	C	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%
RXO	D	0.11%
BIO	B	0.11%
GH	F	0.11%
RYTM	C	0.11%
IRTC	F	0.1%
JOE	D	0.1%
GERN	D	0.1%
AL	D	0.1%
CALX	C	0.1%
KWR	F	0.1%
MTRN	F	0.1%
APLS	F	0.1%
RYN	C	0.1%
LITE	A	0.1%
BC	C	0.1%
RVMD	B	0.1%
NPO	C	0.1%
KLIC	D	0.1%
IPAR	D	0.1%
SPR	D	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%
RPD	D	0.1%
AGYS	D	0.1%
UEC	C	0.1%
JBT	B	0.09%
KYMR	D	0.09%
ICUI	B	0.09%
WHD	A	0.09%
FIVN	F	0.09%
SRCL	B	0.09%
RIOT	F	0.09%
IOVA	D	0.09%
NARI	F	0.09%
BE	F	0.09%
INTA	C	0.09%
FRSH	F	0.09%
HOMB	D	0.09%
CFR	B	0.09%
CNMD	F	0.09%
MSGS	A	0.09%
GSHD	B	0.09%
TDW	F	0.09%
SKT	A	0.09%
AZTA	F	0.09%
YETI	C	0.09%
BBIO	F	0.09%
RCM	B	0.09%
HRI	B	0.09%
FROG	F	0.09%
AM	A	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%
AIN	F	0.08%
TDC	D	0.08%
AEIS	B	0.08%
NTLA	F	0.08%
PTCT	C	0.08%
RRR	D	0.08%
CDP	A	0.08%
ENV	C	0.08%
STEP	A	0.08%
BATRK	F	0.08%
ACAD	F	0.08%
POR	D	0.08%
GVA	A	0.08%
ROG	D	0.08%
PRVA	F	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%
EBC	B	0.08%
EXTR	D	0.08%
BRZE	F	0.08%
SYNA	F	0.08%
FOLD	F	0.08%
VERX	B	0.08%
TBBK	A	0.07%
JJSF	C	0.07%
HLIT	D	0.07%
MODG	F	0.07%
ASPN	C	0.07%
FLYW	F	0.07%
TRIP	D	0.07%
IDYA	F	0.07%
TGLS	B	0.07%
IONQ	C	0.07%
TRN	C	0.07%
OSW	B	0.07%
GFF	C	0.07%
PTEN	F	0.07%
MGEE	C	0.07%
VERA	C	0.07%
DBRG	D	0.07%
IDA	D	0.07%
LOB	B	0.07%
HLX	C	0.07%
HUN	B	0.07%
PD	F	0.07%
BLKB	C	0.07%
SFBS	B	0.07%
CRSP	F	0.07%
DNLI	C	0.07%
UCTT	D	0.07%
MP	C	0.07%
RDDT	B	0.07%
MSGE	B	0.07%
FFIN	D	0.07%
MNKD	B	0.07%
HASI	B	0.07%
LYFT	D	0.07%
SMG	C	0.07%
MYRG	D	0.07%
PAR	D	0.07%
FRHC	A	0.07%
ABM	D	0.07%
HHH	C	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%
SXI	B	0.06%
XNCR	D	0.06%
VSEC	D	0.06%
MIRM	D	0.06%
ATRC	C	0.06%
PCH	C	0.06%
PGNY	F	0.06%
SONO	F	0.06%
LNN	C	0.06%
CDE	C	0.06%
CWEN	C	0.06%
SPT	F	0.06%
AVDX	F	0.06%
THRM	F	0.06%
LTH	B	0.06%
ALTM	D	0.06%
ALKT	D	0.06%
POWI	F	0.06%
ARDX	D	0.06%
HL	C	0.06%
PSMT	A	0.06%
CWT	D	0.06%
RXST	F	0.06%
OUT	C	0.05%
BANF	D	0.05%
LAUR	C	0.05%
HGV	F	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%
RAMP	F	0.05%
ARCB	F	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%
ALIT	D	0.05%
IAC	C	0.05%
PYCR	D	0.05%
SHC	C	0.05%
ARWR	F	0.05%
ZUO	F	0.05%
PRFT	A	0.05%
COHU	F	0.05%
PZZA	D	0.05%
AVDL	F	0.05%
PHR	F	0.05%
CERT	F	0.05%
WSFS	D	0.05%
AGIO	D	0.05%
HRMY	D	0.05%
SBCF	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%
RLJ	D	0.04%
EOLS	C	0.04%
DFIN	B	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%
SYBT	C	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%
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%
GSAT	F	0.04%
IMAX	D	0.04%
SNDX	F	0.04%
RVLV	C	0.04%
UTZ	D	0.04%
IPGP	D	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%
PDFS	F	0.04%
PACS	C	0.04%
JAMF	F	0.04%
WRBY	B	0.04%
QNST	C	0.04%
TRUP	B	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%
CCS	C	0.04%
ALEX	D	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%
TDOC	D	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%
MBIN	C	0.03%
AMWD	C	0.03%
VRTS	D	0.03%
NX	F	0.03%
BJRI	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%
VRE	C	0.03%
CHEF	C	0.03%
UDMY	F	0.03%
INFN	C	0.03%
SAFE	C	0.03%
AKR	B	0.03%
THR	F	0.03%
WT	D	0.03%
VRDN	B	0.03%
AGM	D	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%
LC	D	0.03%
RLAY	F	0.03%
SAVA	D	0.03%
HAYN	B	0.03%
VMEO	C	0.03%
NBBK	D	0.03%
MQ	F	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%
VSTS	D	0.03%
LZ	D	0.03%
MTTR	B	0.03%
TLRY	F	0.03%
JOBY	C	0.03%
YEXT	B	0.03%
EVTC	D	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%
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%
GABC	D	0.02%
MMI	D	0.02%
SANA	F	0.02%
AVO	C	0.02%
CARS	F	0.02%
EVRI	A	0.02%
EVLV	C	0.02%
VZIO	A	0.02%
RPAY	F	0.02%
KIDS	F	0.02%
TR	D	0.02%
KRUS	D	0.02%
UPWK	D	0.02%
SYRE	D	0.02%
LBPH	D	0.02%
RUM	F	0.02%
DXPE	C	0.02%
BTSG	C	0.02%
LMND	F	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%
BFC	D	0.02%
BSIG	D	0.02%
KNSA	D	0.02%
MXL	D	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%
WTTR	B	0.02%
MSEX	C	0.02%
RSI	B	0.02%
TFSL	D	0.02%
ESRT	C	0.02%
AIOT	B	0.02%
INST	C	0.02%
AIV	D	0.02%
LQDT	C	0.02%
NIC	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%
SAFT	D	0.02%
AESI	B	0.02%
LKFN	D	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%
HBT	D	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%
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%
CLBK	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%
AMBC	F	0.01%
CGEM	F	0.01%
CCB	B	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%
NN	D	0.01%
RBCAA	C	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%
NRDS	D	0.01%
TIPT	B	0.01%
IIIN	F	0.01%
EYPT	F	0.01%
EYE	F	0.01%
ABSI	F	0.01%
TBLA	D	0.01%
IIIV	D	0.01%
GES	F	0.01%
MLAB	B	0.01%
ATSG	D	0.01%
IMXI	F	0.01%
VERV	F	0.01%
OLO	F	0.01%
EZPW	C	0.01%
PRA	C	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%
SITC	D	0.01%
PLYM	D	0.01%
MRTN	F	0.01%
TNGX	F	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 283 Positions Relative to FSMD

Symbol	Grade	Weight
NRG	A	-0.43%
EME	B	-0.42%
TPL	A	-0.4%
LII	C	-0.4%
MANH	A	-0.38%
LYV	A	-0.37%
THC	D	-0.37%
UTHR	C	-0.36%
NTNX	C	-0.35%
TOL	C	-0.35%
UHS	D	-0.34%
RPM	A	-0.34%
IBKR	A	-0.34%
PNR	C	-0.34%
NTRA	A	-0.34%
TW	A	-0.33%
PSTG	F	-0.33%
WSO	C	-0.33%
RGA	B	-0.32%
ERIE	A	-0.32%
RNR	A	-0.32%
OC	C	-0.31%
GGG	C	-0.31%
ROL	C	-0.31%
CPT	C	-0.31%
NWSA	D	-0.31%
FIX	A	-0.31%
L	C	-0.31%
SNA	C	-0.31%
EQH	B	-0.3%
WING	C	-0.3%
NDSN	C	-0.3%
CASY	D	-0.3%
ACM	A	-0.3%
ELS	D	-0.3%
SW	C	-0.29%
FTI	B	-0.29%
JNPR	C	-0.29%
DKS	D	-0.29%
AMH	D	-0.29%
SCI	D	-0.28%
TTEK	A	-0.28%
BSY	D	-0.28%
ALLE	A	-0.28%
CHRW	C	-0.28%
TFX	C	-0.28%
BLD	D	-0.28%
BXP	B	-0.28%
REG	C	-0.28%
TPR	B	-0.27%
SRPT	F	-0.27%
CLH	B	-0.27%
NBIX	F	-0.26%
OHI	C	-0.26%
NVT	C	-0.26%
AIZ	B	-0.26%
SOLV	C	-0.26%
EWBC	B	-0.26%
GL	C	-0.25%
SF	A	-0.25%
DOX	B	-0.25%
BJ	B	-0.25%
UNM	A	-0.25%
CHK	C	-0.25%
INCY	B	-0.25%
OGE	C	-0.24%
CPB	D	-0.24%
LECO	D	-0.24%
DTM	A	-0.24%
TAP	D	-0.24%
AOS	C	-0.24%
WAL	C	-0.24%
DVA	C	-0.24%
ORI	A	-0.23%
HSIC	D	-0.23%
WMS	D	-0.23%
AFG	A	-0.23%
SNX	C	-0.23%
HII	F	-0.23%
FHN	D	-0.22%
MHK	C	-0.22%
CMA	C	-0.22%
MORN	B	-0.22%
HRL	F	-0.22%
CHRD	F	-0.22%
CHDN	C	-0.22%
ALLY	F	-0.22%
TMHC	C	-0.21%
BERY	C	-0.21%
WBS	D	-0.21%
BWA	C	-0.21%
CBSH	D	-0.2%
MTG	A	-0.2%
ARW	C	-0.2%
MEDP	F	-0.2%
ESNT	A	-0.2%
BPOP	D	-0.2%
SN	A	-0.2%
ELAN	D	-0.2%
DINO	F	-0.2%
MTH	C	-0.2%
AXS	A	-0.19%
ZION	D	-0.19%
JXN	A	-0.19%
WTFC	B	-0.19%
ACI	F	-0.19%
CRBG	B	-0.19%
BRKR	D	-0.19%
NFG	A	-0.19%
MGY	B	-0.18%
G	A	-0.18%
COOP	B	-0.18%
UGI	C	-0.18%
KBH	D	-0.18%
CNM	F	-0.18%
SNV	D	-0.18%
RDN	D	-0.17%
CTRE	C	-0.17%
ASO	D	-0.17%
BKH	C	-0.17%
GPI	C	-0.17%
NXST	D	-0.17%
CMC	D	-0.17%
ACLX	C	-0.17%
OGN	F	-0.16%
KTB	C	-0.16%
MHO	C	-0.16%
CIVI	F	-0.16%
AVT	B	-0.16%
BCC	C	-0.16%
VMI	B	-0.16%
MDU	C	-0.16%
CUZ	C	-0.16%
BYD	B	-0.16%
NWE	C	-0.16%
SLM	B	-0.16%
ALE	A	-0.16%
UMBF	C	-0.16%
HOG	D	-0.16%
SON	D	-0.16%
EWTX	B	-0.16%
KD	D	-0.16%
AGCO	D	-0.16%
OMF	D	-0.16%
SR	D	-0.16%
CNO	B	-0.15%
TDS	C	-0.15%
ESGR	C	-0.15%
AN	D	-0.15%
ABG	D	-0.15%
FLO	D	-0.15%
WU	D	-0.15%
TPH	C	-0.15%
WLK	C	-0.15%
KRC	C	-0.15%
BTU	B	-0.15%
PRGS	A	-0.14%
TNL	B	-0.14%
TGNA	B	-0.14%
SLVM	C	-0.14%
VIRT	B	-0.14%
LBRT	D	-0.14%
ZD	D	-0.14%
DXC	C	-0.14%
FBP	B	-0.14%
FHI	A	-0.14%
AGR	C	-0.14%
SLGN	B	-0.14%
HIW	C	-0.14%
NMIH	B	-0.14%
AVA	D	-0.14%
STNG	B	-0.14%
OZK	D	-0.14%
CALM	A	-0.13%
INSW	B	-0.13%
GPOR	B	-0.13%
PAG	D	-0.13%
ASB	D	-0.13%
PBF	F	-0.13%
LEVI	C	-0.13%
GNW	A	-0.13%
DEI	A	-0.13%
CATY	B	-0.13%
FULT	D	-0.13%
GHC	A	-0.13%
ENVA	B	-0.12%
VGR	B	-0.12%
SUPN	D	-0.12%
EQC	D	-0.12%
GTES	C	-0.12%
AMRX	B	-0.12%
CACC	F	-0.12%
VSTO	B	-0.12%
OFG	D	-0.12%
HCC	C	-0.12%
SBH	B	-0.12%
PHIN	D	-0.12%
TK	B	-0.12%
BKE	B	-0.11%
DEA	D	-0.11%
GNE	F	-0.11%
SPOK	D	-0.11%
PLAB	D	-0.11%
SPNT	D	-0.11%
WSBC	D	-0.11%
FF	B	-0.11%
ACT	B	-0.11%
HCI	B	-0.11%
LZB	D	-0.11%
KURA	F	-0.11%
SCHL	F	-0.11%
CNXC	F	-0.11%
HMN	B	-0.11%
ARCH	D	-0.11%
PDM	C	-0.11%
PAHC	C	-0.11%
UTL	D	-0.11%
LTC	D	-0.11%
HUBG	D	-0.11%
PINC	F	-0.11%
GIII	C	-0.11%
MTX	C	-0.11%
USM	B	-0.11%
PLTK	C	-0.11%
ADTN	C	-0.11%
TNK	C	-0.11%
MCB	B	-0.1%
ASC	D	-0.1%
PFBC	D	-0.1%
SCSC	D	-0.1%
UVSP	B	-0.1%
VSH	F	-0.1%
SSTK	F	-0.1%
WABC	F	-0.1%
DDS	D	-0.1%
LPG	F	-0.1%
CPF	C	-0.1%
UVE	C	-0.1%
INVA	B	-0.1%
COLL	A	-0.1%
ZYXI	F	-0.09%
CXW	F	-0.09%
OSUR	F	-0.09%
IMKTA	F	-0.09%
GEO	D	-0.09%
ALX	D	-0.09%
MSBI	F	-0.09%
UTMD	F	-0.09%
PGRE	D	-0.09%
ETH	F	-0.09%
TPC	A	-0.09%
THFF	D	-0.09%
CWCO	F	-0.09%
CSV	D	-0.09%
EGY	D	-0.09%
SMP	D	-0.09%
IBCP	D	-0.09%
KLG	F	-0.09%
CTBI	B	-0.09%
PEBO	F	-0.09%
TPB	C	-0.09%
SRCE	D	-0.09%
OLP	C	-0.09%
HE	F	-0.08%
AMN	F	-0.08%
VNDA	F	-0.08%
HCSG	F	-0.08%
CUBI	F	-0.08%
SCS	D	-0.08%
RMR	B	-0.08%
NVEC	D	-0.08%
EBF	B	-0.08%
BRY	F	-0.08%
SMLR	F	-0.07%
SIGA	F	-0.07%
METC	D	-0.07%
KELYA	D	-0.07%
SXC	F	-0.07%
AMCX	F	-0.07%
PANL	D	-0.07%
IMMR	D	-0.06%
KRT	F	-0.06%
CLW	F	-0.05%