ISCV vs. FESM ETF Comparison

Comparison of iShares Morningstar Small-Cap Value ETF (ISCV) to Fidelity Enhanced Small Cap ETF (FESM)

ISCV

iShares Morningstar Small-Cap Value ETF

ISCV Description

The investment seeks to track the investment results of the Morningstar US Small Cap Broad Value Extended IndexSM composed of small-capitalization U.S. equities that exhibit value 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 value characteristics as determined by Morningstar, Inc.âs (Morningstar or the index provider) proprietary index methodology

Grade (RS Rating)

Last Trade

$68.21

Average Daily Volume

8,342

Number of Holdings ^*

1113

* 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

$35.21

Average Daily Volume

123,773

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

Performance

Period	ISCV	FESM
30 Days	8.14%	10.20%
60 Days	7.42%	9.69%
90 Days	8.28%	10.24%
12 Months	30.31%	41.78%

292 Overlapping Holdings

Symbol	Grade	Weight in ISCV	Weight in FESM	Overlap
AAT	B	0.04%	0.37%	0.04%
ABCB	B	0.2%	0.37%	0.2%
ABM	B	0.07%	0.32%	0.07%
ACIW	B	0.06%	0.05%	0.05%
AEO	F	0.06%	0.6%	0.06%
AGIO	C	0.06%	0.06%	0.06%
AIN	C	0.04%	0.08%	0.04%
AIR	B	0.05%	0.5%	0.05%
AKRO	B	0.03%	0.05%	0.03%
ALE	A	0.16%	0.1%	0.1%
ALEC	F	0.01%	0.02%	0.01%
ALKS	B	0.09%	0.21%	0.09%
ALX	D	0.02%	0.04%	0.02%
AMAL	B	0.01%	0.15%	0.01%
AMBA	B	0.06%	0.09%	0.06%
AMRX	C	0.05%	0.12%	0.05%
AMSF	B	0.05%	0.15%	0.05%
AORT	B	0.02%	0.18%	0.02%
AOSL	C	0.01%	0.05%	0.01%
APOG	B	0.04%	0.38%	0.04%
AROC	B	0.08%	0.4%	0.08%
ARVN	D	0.02%	0.06%	0.02%
ARWR	F	0.04%	0.05%	0.04%
ATRO	D	0.01%	0.05%	0.01%
AUB	B	0.15%	0.11%	0.11%
AUR	C	0.21%	0.11%	0.11%
AVNS	F	0.03%	0.18%	0.03%
AX	A	0.09%	0.29%	0.09%
AXL	C	0.03%	0.21%	0.03%
BANF	B	0.05%	0.43%	0.05%
BBIO	F	0.03%	0.07%	0.03%
BBSI	B	0.02%	0.33%	0.02%
BCC	B	0.23%	0.17%	0.17%
BCO	D	0.05%	0.24%	0.05%
BDC	B	0.08%	0.29%	0.08%
BEAM	D	0.07%	0.03%	0.03%
BECN	B	0.26%	0.04%	0.04%
BGC	C	0.09%	0.67%	0.09%
BGS	F	0.02%	0.06%	0.02%
BHE	B	0.04%	0.4%	0.04%
BHLB	B	0.06%	0.03%	0.03%
BKD	D	0.04%	0.06%	0.04%
BLKB	B	0.08%	0.07%	0.07%
BOH	B	0.13%	0.16%	0.13%
BOOT	D	0.07%	0.06%	0.06%
BRC	D	0.07%	0.11%	0.07%
BRSP	B	0.04%	0.04%	0.04%
BRY	F	0.01%	0.02%	0.01%
BSIG	A	0.01%	0.12%	0.01%
BUSE	B	0.06%	0.24%	0.06%
BY	B	0.04%	0.05%	0.04%
CADE	B	0.29%	0.18%	0.18%
CALM	A	0.16%	0.23%	0.16%
CATY	B	0.15%	0.08%	0.08%
CBU	B	0.15%	0.38%	0.15%
CDE	D	0.05%	0.08%	0.05%
CDP	C	0.07%	0.24%	0.07%
CEIX	A	0.1%	0.26%	0.1%
CHGG	D	0.0%	0.03%	0.0%
CMC	B	0.29%	0.13%	0.13%
CMPR	D	0.05%	0.36%	0.05%
CNK	B	0.09%	0.15%	0.09%
CNO	A	0.18%	0.28%	0.18%
CNXN	C	0.02%	0.19%	0.02%
CODI	B	0.06%	0.46%	0.06%
COGT	D	0.01%	0.05%	0.01%
COLL	F	0.04%	0.07%	0.04%
COMP	B	0.1%	0.57%	0.1%
CORT	B	0.1%	0.22%	0.1%
CPF	A	0.03%	0.24%	0.03%
CPRX	C	0.05%	0.13%	0.05%
CRC	B	0.14%	0.22%	0.14%
CRGY	B	0.09%	0.61%	0.09%
CSGS	B	0.07%	0.6%	0.07%
CSR	B	0.05%	0.04%	0.04%
CTBI	B	0.04%	0.07%	0.04%
CTRE	D	0.18%	0.2%	0.18%
CVBF	A	0.12%	0.06%	0.06%
CVNA	B	0.61%	0.55%	0.55%
CWT	D	0.06%	0.15%	0.06%
CYTK	F	0.14%	0.16%	0.14%
DBRG	F	0.02%	0.17%	0.02%
DEA	D	0.05%	0.07%	0.05%
DIN	C	0.02%	0.02%	0.02%
DIOD	D	0.06%	0.09%	0.06%
DK	C	0.05%	0.12%	0.05%
DNLI	D	0.07%	0.06%	0.06%
DVAX	C	0.03%	0.02%	0.02%
DXPE	B	0.01%	0.16%	0.01%
DYN	F	0.05%	0.11%	0.05%
EAT	A	0.22%	0.12%	0.12%
ENS	D	0.09%	0.62%	0.09%
EQC	B	0.09%	0.09%	0.09%
ESRT	C	0.04%	0.37%	0.04%
ETD	C	0.03%	0.15%	0.03%
ETNB	C	0.03%	0.04%	0.03%
ETWO	F	0.01%	0.03%	0.01%
EZPW	A	0.01%	0.25%	0.01%
FBK	B	0.09%	0.14%	0.09%
FBP	B	0.14%	0.28%	0.14%
FCF	A	0.08%	0.02%	0.02%
FDP	B	0.05%	0.08%	0.05%
FFBC	A	0.12%	0.1%	0.1%
FFIN	B	0.17%	0.36%	0.17%
FHI	A	0.15%	0.52%	0.15%
FIZZ	C	0.02%	0.03%	0.02%
FLR	B	0.37%	0.35%	0.35%
FOLD	F	0.03%	0.14%	0.03%
FRME	B	0.11%	0.23%	0.11%
FTDR	A	0.1%	0.08%	0.08%
FUL	F	0.07%	0.54%	0.07%
FULT	A	0.16%	0.2%	0.16%
GEO	B	0.15%	0.14%	0.14%
GFF	A	0.05%	0.34%	0.05%
GHC	C	0.13%	0.14%	0.13%
GIC	D	0.0%	0.06%	0.0%
GIII	D	0.05%	0.03%	0.03%
GMRE	F	0.01%	0.1%	0.01%
GT	C	0.11%	0.4%	0.11%
HBI	B	0.12%	0.07%	0.07%
HL	D	0.08%	0.21%	0.08%
HNI	B	0.07%	0.2%	0.07%
HP	B	0.14%	0.24%	0.14%
HWC	B	0.21%	0.22%	0.21%
HY	D	0.03%	0.2%	0.03%
IART	C	0.07%	0.05%	0.05%
IDT	B	0.02%	0.03%	0.02%
IDYA	F	0.03%	0.04%	0.03%
INDB	B	0.13%	0.1%	0.1%
INSW	F	0.06%	0.11%	0.06%
IRWD	F	0.03%	0.07%	0.03%
JBSS	D	0.02%	0.02%	0.02%
JXN	C	0.26%	0.61%	0.26%
KAR	B	0.03%	0.32%	0.03%
KBH	D	0.22%	0.21%	0.21%
KE	C	0.01%	0.07%	0.01%
KLG	C	0.05%	0.04%	0.04%
KNF	A	0.08%	0.37%	0.08%
KREF	D	0.03%	0.12%	0.03%
KTB	B	0.21%	0.08%	0.08%
KURA	F	0.04%	0.1%	0.04%
LADR	B	0.06%	0.1%	0.06%
LGF.A	C	0.04%	0.05%	0.04%
LGF.A	C	0.02%	0.07%	0.02%
LGF.A	C	0.02%	0.05%	0.02%
LGF.A	C	0.04%	0.07%	0.04%
LGND	B	0.04%	0.09%	0.04%
LKFN	B	0.05%	0.53%	0.05%
LMB	A	0.01%	0.14%	0.01%
LMND	B	0.04%	0.41%	0.04%
LPG	F	0.04%	0.05%	0.04%
LUMN	C	0.36%	0.69%	0.36%
MAC	B	0.18%	0.23%	0.18%
MATX	C	0.15%	0.39%	0.15%
MBWM	B	0.03%	0.03%	0.03%
MCY	A	0.04%	0.03%	0.03%
MHO	D	0.18%	0.61%	0.18%
MOG.A	B	0.07%	0.26%	0.07%
MQ	F	0.04%	0.02%	0.02%
MRC	B	0.05%	0.09%	0.05%
MRTN	C	0.03%	0.26%	0.03%
MTDR	B	0.29%	0.41%	0.29%
MTH	D	0.27%	0.31%	0.27%
MTX	B	0.11%	0.59%	0.11%
MUR	D	0.21%	0.2%	0.2%
MWA	B	0.05%	0.61%	0.05%
MXL	C	0.03%	0.45%	0.03%
MYE	F	0.01%	0.07%	0.01%
NBR	C	0.02%	0.23%	0.02%
NBTB	B	0.1%	0.07%	0.07%
NJR	A	0.14%	0.32%	0.14%
NMIH	D	0.12%	0.34%	0.12%
NPK	B	0.01%	0.03%	0.01%
NRDS	C	0.01%	0.05%	0.01%
NTCT	C	0.06%	0.07%	0.06%
NUVB	C	0.02%	0.06%	0.02%
NVAX	F	0.02%	0.06%	0.02%
NWBI	B	0.08%	0.59%	0.08%
NXRT	B	0.03%	0.04%	0.03%
OABI	F	0.01%	0.04%	0.01%
ODP	F	0.04%	0.1%	0.04%
OFG	B	0.09%	0.16%	0.09%
OI	C	0.08%	0.21%	0.08%
ONB	B	0.29%	0.02%	0.02%
OPEN	D	0.04%	0.07%	0.04%
ORIC	F	0.01%	0.06%	0.01%
OTTR	C	0.08%	0.12%	0.08%
OUT	A	0.06%	0.56%	0.06%
PBH	A	0.1%	0.22%	0.1%
PBI	B	0.03%	0.19%	0.03%
PCRX	C	0.02%	0.08%	0.02%
PDCO	D	0.07%	0.03%	0.03%
PECO	A	0.05%	0.36%	0.05%
PFS	B	0.11%	0.32%	0.11%
PLAB	C	0.06%	0.21%	0.06%
PLPC	B	0.01%	0.16%	0.01%
PLXS	B	0.07%	0.23%	0.07%
PRAA	C	0.04%	0.02%	0.02%
PRG	C	0.09%	0.56%	0.09%
PRGS	A	0.12%	0.26%	0.12%
PRK	B	0.12%	0.17%	0.12%
PRLB	A	0.02%	0.08%	0.02%
PSN	D	0.11%	0.21%	0.11%
PTCT	B	0.04%	0.16%	0.04%
PTON	B	0.11%	0.05%	0.05%
QTRX	F	0.01%	0.05%	0.01%
RCKT	F	0.03%	0.03%	0.03%
RDFN	D	0.04%	0.09%	0.04%
REPX	A	0.01%	0.13%	0.01%
REZI	A	0.09%	0.4%	0.09%
RIG	D	0.09%	0.05%	0.05%
RKLB	B	0.1%	0.1%	0.1%
RUSHA	C	0.07%	0.08%	0.07%
RVMD	C	0.21%	0.25%	0.21%
RXO	C	0.07%	0.06%	0.06%
SAGE	F	0.0%	0.04%	0.0%
SAH	A	0.04%	0.16%	0.04%
SANA	F	0.0%	0.03%	0.0%
SANM	B	0.11%	0.39%	0.11%
SBH	C	0.06%	0.19%	0.06%
SCS	C	0.05%	0.08%	0.05%
SEM	B	0.08%	0.07%	0.07%
SF	B	0.49%	0.33%	0.33%
SFBS	B	0.13%	0.18%	0.13%
SFM	A	0.17%	0.99%	0.17%
SHEN	F	0.03%	0.03%	0.03%
SIGI	C	0.18%	0.44%	0.18%
SJW	D	0.05%	0.22%	0.05%
SKT	B	0.07%	0.11%	0.07%
SKYW	B	0.08%	0.7%	0.08%
SLG	B	0.21%	0.14%	0.14%
SLVM	B	0.13%	0.1%	0.1%
SMMT	D	0.03%	0.01%	0.01%
SNCY	C	0.02%	0.05%	0.02%
SNDX	F	0.03%	0.06%	0.03%
SNEX	B	0.06%	0.27%	0.06%
SRCE	B	0.05%	0.13%	0.05%
SRRK	B	0.02%	0.13%	0.02%
SSTK	F	0.03%	0.02%	0.02%
STBA	B	0.07%	0.05%	0.05%
STEP	B	0.08%	0.32%	0.08%
SUPN	C	0.08%	0.01%	0.01%
SWX	B	0.18%	0.32%	0.18%
SXC	A	0.04%	0.29%	0.04%
SXT	B	0.06%	0.33%	0.06%
TARS	B	0.01%	0.08%	0.01%
TCBK	B	0.06%	0.02%	0.02%
TDOC	C	0.04%	0.08%	0.04%
TDS	B	0.13%	0.21%	0.13%
TEX	D	0.15%	0.35%	0.15%
TGTX	B	0.08%	0.1%	0.08%
THR	B	0.01%	0.08%	0.01%
TILE	B	0.02%	0.23%	0.02%
TMHC	B	0.29%	0.49%	0.29%
TNC	D	0.02%	0.17%	0.02%
TNDM	F	0.03%	0.09%	0.03%
TNET	D	0.08%	0.02%	0.02%
TPH	D	0.16%	0.36%	0.16%
TREE	F	0.02%	0.11%	0.02%
TRN	C	0.06%	0.27%	0.06%
TRTX	B	0.02%	0.18%	0.02%
TRUP	B	0.02%	0.12%	0.02%
UBSI	B	0.24%	0.2%	0.2%
UCB	A	0.16%	0.15%	0.15%
UFPI	B	0.15%	0.03%	0.03%
UHT	D	0.01%	0.05%	0.01%
UMBF	B	0.24%	0.34%	0.24%
UNFI	A	0.05%	0.04%	0.04%
UNIT	B	0.06%	0.07%	0.06%
UPBD	B	0.07%	0.51%	0.07%
URBN	C	0.05%	0.08%	0.05%
UVSP	B	0.04%	0.03%	0.03%
VBTX	B	0.06%	0.09%	0.06%
VCTR	B	0.05%	0.04%	0.04%
VRE	B	0.03%	0.14%	0.03%
VREX	C	0.02%	0.35%	0.02%
VRTS	B	0.04%	0.15%	0.04%
VSCO	B	0.11%	0.03%	0.03%
VSTO	A	0.1%	0.09%	0.09%
VTOL	B	0.03%	0.11%	0.03%
WABC	B	0.06%	0.21%	0.06%
WGO	C	0.07%	0.08%	0.07%
WKC	D	0.07%	0.24%	0.07%
WMK	C	0.03%	0.07%	0.03%
WS	B	0.04%	0.13%	0.04%
WSBC	A	0.09%	0.26%	0.09%
WSR	A	0.02%	0.13%	0.02%
WT	B	0.02%	0.58%	0.02%
XRX	F	0.04%	0.18%	0.04%
YELP	C	0.05%	0.57%	0.05%
YMAB	F	0.0%	0.02%	0.0%
ZNTL	F	0.0%	0.04%	0.0%

ISCV Overweight 823 Positions Relative to FESM

Symbol	Grade	Weight
EWBC	A	0.61%
TPR	B	0.55%
CHRW	C	0.54%
Z	A	0.5%
AIZ	A	0.48%
FHN	A	0.47%
AA	B	0.46%
WBS	A	0.44%
PNW	B	0.44%
GL	B	0.43%
LAD	A	0.43%
WAL	B	0.42%
DTM	B	0.41%
OHI	C	0.41%
NLY	C	0.41%
ORI	A	0.4%
PNFP	B	0.4%
PR	B	0.39%
FBIN	D	0.39%
CMA	A	0.38%
WCC	B	0.38%
CBSH	A	0.38%
AAL	B	0.37%
HSIC	B	0.37%
ZION	B	0.37%
OGE	B	0.36%
WTFC	A	0.36%
SNV	B	0.35%
JLL	D	0.35%
X	C	0.34%
RRC	B	0.34%
SSB	B	0.34%
BERY	B	0.33%
EVR	B	0.33%
CHRD	D	0.33%
PB	A	0.33%
BWA	D	0.33%
MHK	D	0.32%
JEF	A	0.32%
JAZZ	B	0.32%
RIVN	F	0.31%
AGNC	D	0.31%
VNO	B	0.3%
BBWI	D	0.3%
FMC	D	0.29%
BPOP	B	0.29%
GME	C	0.29%
DAR	C	0.29%
AXS	A	0.29%
ELAN	D	0.29%
ALK	C	0.29%
G	B	0.29%
MTG	C	0.28%
VFC	C	0.28%
VMI	B	0.28%
FAF	A	0.28%
OMF	A	0.27%
FYBR	D	0.27%
KD	B	0.27%
GBCI	B	0.27%
COLB	A	0.27%
PARA	C	0.26%
INGR	B	0.26%
LAMR	D	0.26%
ARW	D	0.26%
STWD	C	0.26%
WHR	B	0.26%
ALSN	B	0.26%
AGCO	D	0.25%
COOP	B	0.25%
ESNT	D	0.25%
FNB	A	0.25%
LNC	B	0.25%
GNRC	B	0.25%
NFG	A	0.24%
GPI	A	0.24%
CFR	B	0.24%
JHG	A	0.24%
IVZ	B	0.24%
PVH	C	0.24%
SLM	A	0.23%
WH	B	0.23%
RITM	C	0.23%
BRX	A	0.23%
VOYA	B	0.22%
SEE	C	0.22%
OZK	B	0.22%
ABG	B	0.22%
MC	C	0.22%
SON	D	0.21%
MLI	C	0.21%
BYD	C	0.21%
OLN	D	0.21%
SM	B	0.21%
HAS	D	0.21%
NXST	C	0.21%
UGI	A	0.21%
HRB	D	0.21%
MGY	A	0.2%
AVNT	B	0.2%
CIEN	B	0.2%
CZR	F	0.2%
ST	F	0.2%
ROIV	C	0.2%
OSK	B	0.2%
AVT	C	0.2%
SLGN	A	0.19%
HOG	D	0.19%
VLY	B	0.19%
KRC	C	0.19%
FRT	B	0.19%
GPK	C	0.19%
GXO	B	0.18%
TXNM	A	0.18%
NNN	D	0.18%
CROX	D	0.18%
PRI	A	0.18%
BIO	D	0.18%
M	D	0.18%
SIG	B	0.18%
FLO	D	0.18%
BKH	A	0.18%
CUZ	B	0.18%
LPX	B	0.18%
KMPR	B	0.18%
AN	C	0.18%
OGS	A	0.17%
R	B	0.17%
MIDD	C	0.17%
ESI	A	0.17%
HLI	B	0.17%
MAT	D	0.17%
RGLD	C	0.17%
ASB	B	0.17%
TCBI	B	0.17%
IDA	A	0.17%
ADC	B	0.17%
DBX	B	0.16%
CIVI	D	0.16%
DXC	B	0.16%
SAIC	F	0.16%
ESGR	B	0.16%
CNX	A	0.16%
XRAY	F	0.16%
GTES	A	0.16%
TNL	A	0.16%
NOG	A	0.16%
STAG	F	0.16%
LYFT	C	0.16%
SR	A	0.16%
ZG	A	0.16%
GMS	B	0.16%
OGN	D	0.16%
SBRA	C	0.16%
LBRDK	C	0.16%
AM	A	0.15%
MDU	D	0.15%
NWL	B	0.15%
CCOI	B	0.15%
GMED	A	0.15%
FHB	A	0.15%
ALV	C	0.15%
NVST	B	0.15%
ASO	F	0.15%
TTC	D	0.15%
WD	D	0.15%
LSTR	D	0.15%
CRUS	D	0.15%
PII	D	0.15%
HOMB	A	0.15%
PRGO	B	0.15%
MKTX	D	0.15%
MKSI	C	0.15%
WU	D	0.15%
W	F	0.15%
BTU	B	0.14%
BHF	B	0.14%
DNB	B	0.14%
AMG	B	0.14%
LEA	D	0.14%
EPR	D	0.14%
CACI	D	0.14%
HIW	D	0.14%
HCC	B	0.14%
ATR	B	0.14%
AYI	B	0.13%
MAN	D	0.13%
TGNA	B	0.13%
WAFD	B	0.13%
WEX	D	0.13%
BKU	A	0.13%
MTN	C	0.13%
SFNC	B	0.13%
PK	B	0.13%
HUBG	A	0.13%
FLG	C	0.13%
MMS	F	0.13%
GATX	A	0.13%
FLS	B	0.13%
CXT	B	0.13%
FIBK	A	0.13%
KNX	B	0.13%
NEOG	F	0.13%
BC	C	0.13%
NWE	B	0.13%
PBF	D	0.13%
THG	A	0.12%
RHI	B	0.12%
SATS	D	0.12%
RDN	C	0.12%
HTLF	B	0.12%
CC	C	0.12%
VAC	B	0.12%
HRI	B	0.12%
MASI	A	0.12%
PENN	C	0.12%
THO	B	0.12%
SEIC	B	0.12%
BFH	B	0.12%
PFSI	D	0.12%
ARCH	B	0.12%
PIPR	B	0.12%
ALTM	C	0.12%
BXMT	C	0.12%
AVA	A	0.12%
VIRT	B	0.12%
RL	B	0.12%
POR	C	0.12%
ABR	C	0.11%
IAC	D	0.11%
BANR	B	0.11%
CORZ	A	0.11%
ZD	C	0.11%
MSA	D	0.11%
KEX	C	0.11%
COLD	D	0.11%
VC	D	0.11%
ENVA	B	0.11%
CR	A	0.11%
MPW	F	0.11%
REXR	F	0.11%
CACC	D	0.11%
DEI	B	0.11%
AL	B	0.11%
PPBI	B	0.11%
BOKF	B	0.11%
ASGN	F	0.11%
NEU	C	0.11%
LXP	D	0.11%
LBRT	D	0.11%
JBLU	F	0.1%
WLY	B	0.1%
IBTX	B	0.1%
CAKE	C	0.1%
BANC	A	0.1%
CRSP	D	0.1%
EPRT	B	0.1%
AHR	A	0.1%
CXW	B	0.1%
PINC	B	0.1%
PHIN	A	0.1%
TTMI	B	0.1%
NOV	C	0.1%
TPX	B	0.1%
SITE	D	0.1%
LITE	B	0.1%
ENOV	C	0.1%
TOWN	B	0.1%
TKR	D	0.1%
CPRI	F	0.1%
JWN	C	0.1%
TPG	A	0.1%
POST	C	0.1%
AXTA	A	0.1%
STC	B	0.09%
GBX	A	0.09%
MSM	C	0.09%
CLF	F	0.09%
GPOR	B	0.09%
AMED	F	0.09%
VYX	B	0.09%
PRKS	C	0.09%
PCH	D	0.09%
GAP	C	0.09%
OMCL	C	0.09%
LBTYK	A	0.09%
WHD	B	0.09%
ETSY	D	0.09%
SHOO	D	0.09%
EEFT	B	0.09%
NSIT	F	0.09%
MRCY	B	0.09%
NATL	B	0.09%
MBC	D	0.09%
KMT	B	0.09%
NMRK	B	0.09%
IRT	A	0.09%
AEIS	B	0.09%
TRMK	B	0.09%
RUN	F	0.09%
LGIH	D	0.09%
GRBK	D	0.09%
CWK	B	0.09%
EFSC	B	0.09%
ENR	B	0.09%
VNT	B	0.09%
ADT	C	0.09%
B	B	0.09%
VSH	D	0.08%
HE	C	0.08%
CAR	C	0.08%
CABO	C	0.08%
RH	B	0.08%
DRH	B	0.08%
QDEL	F	0.08%
KOS	F	0.08%
FCPT	C	0.08%
LZB	B	0.08%
AKR	B	0.08%
ASH	D	0.08%
IBOC	A	0.08%
FBNC	A	0.08%
ATKR	C	0.08%
UAA	C	0.08%
WSFS	A	0.08%
HGV	B	0.08%
RYN	D	0.08%
STR	B	0.08%
CBT	C	0.08%
LCII	C	0.08%
CRI	D	0.08%
HUN	F	0.08%
FL	F	0.08%
HLMN	B	0.08%
POWI	D	0.08%
GVA	A	0.08%
KSS	F	0.08%
MGEE	C	0.08%
INFA	D	0.08%
ESAB	B	0.08%
H	B	0.08%
ALIT	C	0.08%
LBTYA	B	0.08%
BNL	D	0.08%
NGVT	B	0.07%
LEG	F	0.07%
STEL	A	0.07%
NWN	A	0.07%
WTM	A	0.07%
LEVI	F	0.07%
SNDR	B	0.07%
AGO	B	0.07%
PRIM	A	0.07%
FCFS	F	0.07%
HOPE	B	0.07%
AMC	C	0.07%
RNG	B	0.07%
CUBI	C	0.07%
JOBY	B	0.07%
CENTA	C	0.07%
CCS	D	0.07%
PATK	D	0.07%
CPK	A	0.07%
NSA	D	0.07%
AMR	C	0.07%
KN	B	0.07%
HASI	D	0.07%
LTC	B	0.07%
CNXC	F	0.07%
QS	F	0.07%
ICUI	D	0.07%
HMN	B	0.07%
COLM	B	0.07%
SASR	B	0.07%
SMG	D	0.07%
EPC	D	0.07%
KFY	B	0.07%
WWW	B	0.07%
RKT	F	0.07%
NBHC	B	0.07%
GEF	A	0.07%
DDS	B	0.07%
LAUR	A	0.06%
DORM	B	0.06%
TROX	D	0.06%
DBD	C	0.06%
IPGP	D	0.06%
WERN	C	0.06%
UVV	B	0.06%
LRN	A	0.06%
JBT	B	0.06%
UNF	B	0.06%
UA	C	0.06%
SPR	D	0.06%
ARCB	C	0.06%
PTEN	C	0.06%
WEN	D	0.06%
IIPR	D	0.06%
SABR	C	0.06%
NXT	C	0.06%
AMKR	D	0.06%
ELME	D	0.06%
VRNT	C	0.06%
GNL	F	0.06%
IVT	B	0.06%
ROIC	A	0.06%
HI	C	0.06%
EBC	B	0.06%
MSGS	A	0.06%
SPNT	A	0.06%
HTH	B	0.06%
APAM	B	0.06%
NNI	D	0.06%
BKE	B	0.06%
THS	D	0.06%
ATGE	B	0.06%
HELE	C	0.06%
HAYW	B	0.05%
SBSI	B	0.05%
GTY	B	0.05%
MSGE	F	0.05%
CBRL	C	0.05%
KNTK	B	0.05%
ITGR	B	0.05%
PCT	C	0.05%
BRKL	B	0.05%
VSTS	C	0.05%
CASH	A	0.05%
ZI	D	0.05%
GOLF	B	0.05%
AZZ	B	0.05%
DRS	B	0.05%
PMT	D	0.05%
MFA	D	0.05%
RC	D	0.05%
CLVT	F	0.05%
ECPG	B	0.05%
CIM	D	0.05%
CNNE	B	0.05%
CHCO	B	0.05%
CRK	B	0.05%
HHH	B	0.05%
OXM	D	0.05%
KW	B	0.05%
AGM	C	0.05%
TWO	D	0.05%
ARI	C	0.05%
MD	B	0.05%
UPWK	B	0.05%
TFIN	A	0.05%
PDM	D	0.05%
OCFC	B	0.05%
TPC	C	0.05%
SCSC	B	0.05%
ALGT	B	0.05%
PLAY	D	0.05%
YETI	C	0.05%
NAVI	C	0.05%
AAP	C	0.05%
REVG	B	0.05%
PEBO	A	0.05%
ADEA	D	0.05%
KALU	C	0.05%
DCOM	A	0.05%
EVTC	B	0.05%
JBGS	D	0.05%
WOR	F	0.05%
LBPH	A	0.04%
HCSG	C	0.04%
EGBN	B	0.04%
ASTE	B	0.04%
JACK	D	0.04%
CFFN	B	0.04%
RRR	D	0.04%
JELD	F	0.04%
PRDO	B	0.04%
MNRO	D	0.04%
TGI	B	0.04%
BDN	C	0.04%
PGRE	F	0.04%
SXI	B	0.04%
FOXF	F	0.04%
MLKN	D	0.04%
PEB	D	0.04%
AMN	F	0.04%
PPC	C	0.04%
AMWD	C	0.04%
MGNI	A	0.04%
FMBH	B	0.04%
QCRH	A	0.04%
USM	B	0.04%
HFWA	B	0.04%
DX	B	0.04%
GO	C	0.04%
ARR	D	0.04%
OSIS	B	0.04%
RWT	D	0.04%
VAL	D	0.04%
ADNT	F	0.04%
GTX	D	0.04%
GABC	B	0.04%
AGX	B	0.04%
REYN	D	0.04%
ULS	B	0.04%
HLIO	B	0.04%
TBBK	B	0.04%
DLX	B	0.04%
UTL	B	0.04%
EFC	C	0.04%
NEO	C	0.04%
UE	C	0.04%
CNOB	B	0.04%
SYNA	C	0.04%
NIC	B	0.04%
NHC	C	0.04%
SYBT	B	0.04%
HUT	B	0.04%
HEES	B	0.04%
CWEN	C	0.04%
IMKTA	C	0.04%
TDW	F	0.04%
OBK	B	0.04%
VIAV	B	0.04%
TMP	B	0.04%
NPO	A	0.04%
JJSF	B	0.04%
FBMS	B	0.04%
ACT	D	0.04%
SBCF	A	0.04%
ANDE	D	0.04%
TDC	D	0.04%
PFC	A	0.04%
TRS	B	0.04%
SKWD	A	0.04%
FBRT	C	0.04%
PARR	D	0.04%
INVA	D	0.04%
DAN	D	0.04%
PLUS	F	0.04%
BLMN	F	0.04%
CAL	D	0.04%
PLTK	B	0.03%
PFBC	B	0.03%
VSAT	F	0.03%
VRDN	D	0.03%
LBRDA	C	0.03%
FWRD	D	0.03%
ACEL	C	0.03%
RLJ	C	0.03%
KROS	D	0.03%
CWH	B	0.03%
LPRO	C	0.03%
SPTN	D	0.03%
FTRE	D	0.03%
HTLD	B	0.03%
MSEX	B	0.03%
NX	C	0.03%
HTBK	A	0.03%
WTTR	B	0.03%
CVI	F	0.03%
CNDT	C	0.03%
HAIN	C	0.03%
STGW	B	0.03%
EQBK	A	0.03%
BXC	B	0.03%
MATV	D	0.03%
BFST	C	0.03%
INN	D	0.03%
ZYME	C	0.03%
RGR	F	0.03%
SEB	F	0.03%
SMP	B	0.03%
VTS	A	0.03%
BV	B	0.03%
TRST	A	0.03%
PWP	B	0.03%
GNK	D	0.03%
CMTG	F	0.03%
ATMU	A	0.03%
EVRI	A	0.03%
INFN	C	0.03%
NAPA	B	0.03%
DNOW	B	0.03%
MATW	C	0.03%
FCBC	B	0.03%
VVX	C	0.03%
ATSG	B	0.03%
AMTB	B	0.03%
SAFT	C	0.03%
VIR	D	0.03%
LILAK	D	0.03%
CARS	B	0.03%
AHH	D	0.03%
MCBS	B	0.03%
RYI	C	0.03%
NVCR	C	0.03%
VTLE	C	0.03%
LC	A	0.03%
TALO	C	0.03%
DFIN	D	0.03%
DOCN	D	0.03%
HLF	C	0.03%
FA	C	0.03%
PSMT	C	0.03%
PRM	C	0.03%
FG	B	0.03%
ASIX	A	0.03%
CHEF	A	0.03%
IBCP	B	0.03%
SCL	C	0.03%
SHC	F	0.03%
HBNC	B	0.03%
MBUU	C	0.03%
EMBC	C	0.03%
AESI	B	0.03%
OSBC	A	0.03%
EIG	B	0.03%
RCUS	F	0.02%
ACHR	B	0.02%
FIP	D	0.02%
CNSL	C	0.02%
NUS	D	0.02%
SD	D	0.02%
MGPI	F	0.02%
VZIO	A	0.02%
PLRX	F	0.02%
VECO	F	0.02%
MLR	B	0.02%
CGEM	F	0.02%
GRNT	B	0.02%
HOUS	D	0.02%
RGNX	F	0.02%
NEXT	B	0.02%
SCVL	F	0.02%
SEDG	F	0.02%
CBL	A	0.02%
CWEN	C	0.02%
SDGR	C	0.02%
LXU	B	0.02%
KOP	C	0.02%
CCO	C	0.02%
AUPH	B	0.02%
BALY	C	0.02%
GOOD	B	0.02%
GTN	F	0.02%
WNC	C	0.02%
CLW	F	0.02%
SAFE	D	0.02%
CMCO	B	0.02%
ALEX	C	0.02%
CHPT	F	0.02%
DHC	F	0.02%
TWI	F	0.02%
THRY	F	0.02%
WRLD	C	0.02%
SITC	D	0.02%
USNA	C	0.02%
OMI	F	0.02%
DRVN	B	0.02%
SVC	F	0.02%
ECVT	C	0.02%
MTTR	B	0.02%
BFC	B	0.02%
RBCAA	B	0.02%
KELYA	F	0.02%
CFB	B	0.02%
PLYM	F	0.02%
RDUS	C	0.02%
NTST	D	0.02%
NVEE	F	0.02%
HPP	F	0.02%
TTGT	C	0.02%
BTSG	C	0.02%
PKST	D	0.02%
CVLG	C	0.02%
MCW	B	0.02%
PZZA	D	0.02%
AGL	F	0.02%
PTVE	B	0.02%
BFS	C	0.02%
SAVA	D	0.02%
AMRK	F	0.02%
CSTL	D	0.02%
OPK	C	0.02%
CMP	C	0.02%
OEC	C	0.02%
WOLF	F	0.02%
GDEN	B	0.02%
TLRY	F	0.02%
AMRC	F	0.02%
PRA	C	0.02%
NYMT	C	0.02%
NR	B	0.02%
SYRE	F	0.02%
EBF	F	0.02%
ATUS	C	0.02%
SBGI	B	0.02%
HSII	B	0.02%
HTZ	C	0.02%
UMH	C	0.02%
NVRI	F	0.02%
KFRC	D	0.02%
AIV	C	0.02%
EGY	D	0.02%
EYE	C	0.02%
RAMP	C	0.02%
CCB	A	0.02%
UFCS	B	0.02%
MMI	B	0.02%
GSBC	B	0.02%
SCHL	D	0.02%
USPH	B	0.02%
PLUG	F	0.02%
TXG	F	0.02%
HZO	D	0.02%
PARAA	B	0.01%
HPK	B	0.01%
CTRI	C	0.01%
MITK	C	0.01%
DH	D	0.01%
TTI	C	0.01%
GOGO	C	0.01%
ACDC	C	0.01%
TYRA	F	0.01%
FRPH	A	0.01%
BYON	F	0.01%
PTLO	F	0.01%
AVO	C	0.01%
ACCD	D	0.01%
RUSHB	B	0.01%
GDRX	F	0.01%
LEGH	D	0.01%
UP	D	0.01%
CTOS	C	0.01%
CHCT	C	0.01%
TITN	C	0.01%
GEF	A	0.01%
HG	C	0.01%
BLFS	C	0.01%
TIPT	B	0.01%
KRT	A	0.01%
HBT	B	0.01%
LILA	D	0.01%
TBLA	D	0.01%
CYRX	F	0.01%
PUMP	B	0.01%
IIIV	C	0.01%
FSLY	D	0.01%
FIGS	F	0.01%
OLPX	D	0.01%
ULCC	D	0.01%
RSI	B	0.01%
BMBL	C	0.01%
JBI	F	0.01%
RES	D	0.01%
TFSL	A	0.01%
RPAY	D	0.01%
KRO	D	0.01%
OLMA	F	0.01%
OLO	B	0.01%
FPI	B	0.01%
MERC	F	0.01%
SEAT	F	0.01%
SEMR	B	0.01%
GES	F	0.01%
ENFN	A	0.01%
KGS	B	0.01%
ARHS	F	0.01%
CASS	B	0.01%
NOVA	F	0.01%
SWBI	C	0.01%
IMXI	B	0.01%
STOK	F	0.01%
IIIN	C	0.01%
PACK	B	0.01%
HVT	D	0.01%
MBIN	D	0.01%
UTZ	D	0.01%
MLAB	D	0.01%
EVER	F	0.01%
SNRE	D	0.01%
AMBC	C	0.01%
HCKT	B	0.01%
CCRN	F	0.01%
GCT	D	0.01%
FOR	F	0.01%
CLNE	D	0.01%
REX	D	0.01%
ACIC	B	0.01%
MTUS	C	0.01%
DAWN	F	0.01%
METC	C	0.01%
IE	C	0.01%
KNSA	F	0.01%
LESL	C	0.01%
CENT	C	0.01%
ULH	B	0.01%
CRSR	C	0.01%
SWI	B	0.01%
PLOW	D	0.01%
LEU	C	0.01%
ARKO	C	0.01%
FLGT	F	0.01%
LFST	C	0.01%
ROOT	B	0.01%
BELFB	C	0.01%
CLBK	B	0.01%
ALXO	F	0.0%
NKLA	F	0.0%
EWCZ	F	0.0%
CDLX	D	0.0%
ACTG	D	0.0%
RILY	F	0.0%
LYEL	F	0.0%
ANAB	F	0.0%
DNA	F	0.0%
GYRE	F	0.0%
WEST	C	0.0%
CABA	F	0.0%
TH	C	0.0%
MAX	F	0.0%
BOWL	C	0.0%
PGY	F	0.0%

ISCV Underweight 277 Positions Relative to FESM

Symbol	Grade	Weight
CRS	A	-0.86%
ANF	C	-0.8%
CVLT	B	-0.79%
QTWO	A	-0.73%
SPSC	C	-0.71%
FN	D	-0.7%
PAYO	A	-0.69%
IBP	D	-0.6%
FIX	A	-0.57%
EME	C	-0.56%
UCTT	D	-0.54%
QLYS	C	-0.54%
HWKN	B	-0.54%
EXLS	B	-0.53%
VMEO	B	-0.5%
AIT	A	-0.48%
LANC	C	-0.47%
ITRI	B	-0.47%
TENB	C	-0.43%
INSM	C	-0.42%
MMSI	B	-0.42%
WTS	B	-0.41%
BMI	B	-0.4%
ACA	A	-0.39%
CECO	A	-0.38%
GH	B	-0.36%
CNMD	C	-0.35%
BAND	B	-0.35%
GNW	A	-0.35%
ATI	D	-0.33%
CRDO	B	-0.33%
PCVX	D	-0.33%
VICR	B	-0.33%
COKE	C	-0.33%
IGT	F	-0.32%
YOU	D	-0.31%
KTOS	B	-0.3%
YEXT	A	-0.29%
EGHT	C	-0.29%
WK	B	-0.29%
WOOF	D	-0.28%
PHR	F	-0.27%
LNW	D	-0.26%
IRTC	D	-0.25%
HQY	B	-0.25%
HLX	B	-0.24%
TRNO	F	-0.24%
EPAC	B	-0.23%
PDFS	C	-0.23%
RNST	B	-0.22%
DCO	C	-0.22%
OPCH	D	-0.21%
HURN	B	-0.21%
ROCK	C	-0.21%
AXGN	D	-0.21%
SHAK	C	-0.21%
ZUO	B	-0.21%
CRAI	B	-0.21%
COMM	D	-0.2%
BL	B	-0.2%
HSTM	B	-0.2%
SMTC	B	-0.19%
RNA	D	-0.19%
RMBS	C	-0.19%
PRO	C	-0.18%
BVS	D	-0.18%
PJT	A	-0.18%
ALRM	C	-0.17%
ARLO	C	-0.17%
AWR	B	-0.17%
CSWI	A	-0.17%
PD	C	-0.17%
FLNC	C	-0.17%
INTA	A	-0.17%
HALO	F	-0.16%
STNG	F	-0.16%
DY	D	-0.16%
BPMC	C	-0.16%
DOMO	C	-0.15%
FLXS	B	-0.15%
VCYT	B	-0.15%
NFBK	B	-0.15%
RYTM	C	-0.15%
TVTX	B	-0.15%
CPS	C	-0.14%
TWST	D	-0.14%
MDGL	B	-0.14%
HAE	C	-0.14%
OSCR	D	-0.14%
EXPI	C	-0.14%
EWTX	C	-0.14%
EXTR	B	-0.13%
ATRC	C	-0.13%
NRIX	D	-0.12%
USLM	A	-0.12%
ZEUS	C	-0.12%
CRNX	C	-0.12%
HCAT	D	-0.11%
ACAD	D	-0.11%
CDNA	D	-0.11%
CHX	C	-0.11%
HCI	C	-0.11%
ALTR	B	-0.11%
AMSC	B	-0.11%
LYTS	B	-0.11%
SFL	D	-0.1%
BCPC	B	-0.1%
AGS	A	-0.1%
BCRX	D	-0.1%
GKOS	B	-0.1%
ADMA	B	-0.1%
NGVC	A	-0.1%
ADUS	D	-0.1%
KRYS	B	-0.1%
FLYW	C	-0.1%
PL	A	-0.09%
TCMD	A	-0.09%
FSS	B	-0.09%
ACLX	C	-0.09%
SPT	C	-0.09%
ARQT	C	-0.09%
ACMR	F	-0.09%
HLIT	D	-0.09%
MYGN	F	-0.09%
FORM	D	-0.09%
TRUE	B	-0.09%
WSBF	C	-0.08%
BSRR	B	-0.08%
LUNR	B	-0.08%
KOD	C	-0.08%
RXRX	F	-0.08%
AKBA	C	-0.08%
CDMO	B	-0.08%
LTH	C	-0.08%
MEDP	D	-0.07%
AXSM	B	-0.07%
EOLS	D	-0.07%
AMPH	D	-0.07%
JAMF	F	-0.07%
REPL	B	-0.07%
AVD	D	-0.07%
FISI	A	-0.07%
WVE	C	-0.07%
ATNI	F	-0.07%
ARAY	D	-0.07%
SNBR	F	-0.07%
PGC	C	-0.07%
HRTG	C	-0.07%
ADPT	C	-0.07%
EBS	C	-0.07%
MCRI	A	-0.06%
ALHC	C	-0.06%
SGMO	C	-0.06%
ORGO	B	-0.06%
RVNC	F	-0.06%
CERS	C	-0.06%
CTKB	C	-0.06%
CDXS	B	-0.06%
HURC	C	-0.06%
NARI	C	-0.06%
LNTH	D	-0.06%
RM	D	-0.06%
WEAV	B	-0.06%
UEC	B	-0.06%
TMCI	D	-0.05%
UVE	B	-0.05%
TXRH	C	-0.05%
CCCC	F	-0.05%
NPAB	B	-0.05%
PAHC	C	-0.05%
ANNX	F	-0.05%
DAKT	B	-0.05%
VNDA	C	-0.05%
ARCT	F	-0.05%
OPY	B	-0.05%
ONTO	D	-0.05%
HNST	B	-0.05%
OIS	C	-0.05%
ERAS	C	-0.05%
EE	A	-0.05%
APPN	B	-0.05%
LMAT	A	-0.04%
LPSN	F	-0.04%
STRO	F	-0.04%
BLBD	D	-0.04%
PTGX	C	-0.04%
WFRD	D	-0.04%
IOVA	F	-0.04%
ALLK	D	-0.04%
KALV	D	-0.04%
GERN	D	-0.04%
CXM	C	-0.04%
MSBI	B	-0.04%
NUVL	D	-0.04%
NSP	D	-0.04%
DSGN	C	-0.04%
CRVL	A	-0.04%
BASE	C	-0.04%
COUR	F	-0.04%
NSSC	D	-0.04%
ZIP	F	-0.04%
MLNK	B	-0.04%
RLAY	F	-0.03%
ENTA	F	-0.03%
PKE	B	-0.03%
TSHA	C	-0.03%
RLMD	F	-0.03%
RMAX	C	-0.03%
ANIK	F	-0.03%
MED	F	-0.03%
ENSG	D	-0.03%
HIMS	B	-0.03%
FSTR	B	-0.03%
MTRN	C	-0.03%
HUMA	F	-0.03%
TSVT	F	-0.03%
PRTS	C	-0.03%
EDIT	F	-0.03%
CWCO	C	-0.03%
CLDX	F	-0.03%
FNKO	D	-0.03%
BDTX	F	-0.03%
ASC	F	-0.03%
ARRY	C	-0.03%
ICFI	F	-0.03%
TERN	F	-0.03%
MGNX	F	-0.03%
VYGR	F	-0.03%
FATE	F	-0.03%
VCEL	B	-0.03%
GRC	A	-0.03%
HRTX	F	-0.03%
CCBG	B	-0.02%
ANGO	D	-0.02%
CTMX	F	-0.02%
EB	C	-0.02%
SVRA	D	-0.02%
NTLA	F	-0.02%
ONTF	C	-0.02%
TNYA	C	-0.02%
NKTR	F	-0.02%
PGEN	F	-0.02%
ZIMV	D	-0.02%
ALT	C	-0.02%
CRBU	F	-0.02%
UPLD	C	-0.02%
NKTX	F	-0.02%
ABUS	D	-0.02%
MCB	B	-0.02%
SPOK	C	-0.02%
MRSN	D	-0.02%
XNCR	B	-0.02%
PBYI	C	-0.02%
GPRE	F	-0.02%
ACET	F	-0.02%
TSE	F	-0.02%
DOC	D	-0.02%
KPTI	C	-0.02%
ABSI	F	-0.02%
VERA	B	-0.02%
KYMR	D	-0.02%
NABL	F	-0.02%
SWTX	C	-0.02%
HROW	D	-0.02%
GCI	D	-0.02%
ANIP	F	-0.02%
SPCE	D	-0.01%
STNE	F	-0.01%
INO	F	-0.01%
ALVR	F	-0.01%
ZDGE	F	-0.01%
FGEN	D	-0.01%
IMVT	F	-0.01%
ADAP	F	-0.01%
CHRS	D	-0.01%
XBIT	F	-0.01%
RCKY	F	-0.01%