ISCV vs. QVMM ETF Comparison

Comparison of iShares Morningstar Small-Cap Value ETF (ISCV) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

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

$65.90

Average Daily Volume

8,084

Number of Holdings ^*

1113

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.78

Average Daily Volume

1,047

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	ISCV	QVMM
30 Days	1.72%	0.78%
60 Days	3.91%	3.83%
90 Days	7.13%	5.94%
12 Months	25.15%	27.76%

211 Overlapping Holdings

Symbol	Grade	Weight in ISCV	Weight in QVMM	Overlap
AA	A	0.46%	0.38%	0.38%
ADC	A	0.17%	0.26%	0.17%
AGCO	F	0.25%	0.2%	0.2%
ALE	A	0.16%	0.13%	0.13%
ALV	C	0.15%	0.27%	0.15%
AM	A	0.15%	0.19%	0.15%
AMG	C	0.14%	0.22%	0.14%
AMKR	F	0.06%	0.1%	0.06%
AN	D	0.18%	0.16%	0.16%
ARW	F	0.26%	0.23%	0.23%
ASB	B	0.17%	0.15%	0.15%
ASGN	F	0.11%	0.16%	0.11%
ASH	F	0.08%	0.15%	0.08%
ATR	B	0.14%	0.42%	0.14%
AVNT	B	0.2%	0.18%	0.18%
AVT	C	0.2%	0.18%	0.18%
AXTA	B	0.1%	0.33%	0.1%
AYI	B	0.13%	0.36%	0.13%
BC	D	0.13%	0.2%	0.13%
BCO	F	0.05%	0.15%	0.05%
BDC	B	0.08%	0.19%	0.08%
BERY	D	0.33%	0.28%	0.28%
BHF	B	0.14%	0.12%	0.12%
BKH	A	0.18%	0.15%	0.15%
BRX	A	0.23%	0.3%	0.23%
BYD	B	0.21%	0.18%	0.18%
CACI	C	0.14%	0.4%	0.14%
CADE	B	0.29%	0.26%	0.26%
CBSH	A	0.38%	0.31%	0.31%
CBT	C	0.08%	0.22%	0.08%
CDP	C	0.07%	0.12%	0.07%
CFR	B	0.24%	0.33%	0.24%
CHRD	F	0.33%	0.32%	0.32%
CIEN	B	0.2%	0.38%	0.2%
CIVI	D	0.16%	0.19%	0.16%
CLF	F	0.09%	0.22%	0.09%
CMC	B	0.29%	0.27%	0.27%
CNO	B	0.18%	0.16%	0.16%
CNX	A	0.16%	0.21%	0.16%
CNXC	F	0.07%	0.07%	0.07%
COLB	B	0.27%	0.24%	0.24%
COLM	B	0.07%	0.1%	0.07%
CPRI	F	0.1%	0.07%	0.07%
CR	A	0.11%	0.32%	0.11%
CRI	F	0.08%	0.07%	0.07%
CROX	F	0.18%	0.24%	0.18%
CRUS	F	0.15%	0.2%	0.15%
CUZ	B	0.18%	0.16%	0.16%
CXT	C	0.13%	0.1%	0.1%
DAR	B	0.29%	0.28%	0.28%
DTM	A	0.41%	0.36%	0.36%
EEFT	C	0.09%	0.17%	0.09%
ENOV	C	0.1%	0.09%	0.09%
ENS	D	0.09%	0.15%	0.09%
EPR	D	0.14%	0.12%	0.12%
ESAB	B	0.08%	0.27%	0.08%
ESNT	D	0.25%	0.22%	0.22%
EVR	B	0.33%	0.39%	0.33%
EWBC	A	0.61%	0.55%	0.55%
FAF	C	0.28%	0.23%	0.23%
FBIN	D	0.39%	0.33%	0.33%
FFIN	B	0.17%	0.19%	0.17%
FHI	B	0.15%	0.12%	0.12%
FHN	A	0.47%	0.42%	0.42%
FLO	D	0.18%	0.15%	0.15%
FLR	B	0.37%	0.34%	0.34%
FLS	A	0.13%	0.3%	0.13%
FNB	B	0.25%	0.23%	0.23%
FYBR	C	0.27%	0.22%	0.22%
G	B	0.29%	0.27%	0.27%
GAP	D	0.09%	0.19%	0.09%
GATX	B	0.13%	0.2%	0.13%
GBCI	B	0.27%	0.25%	0.25%
GEF	B	0.01%	0.06%	0.01%
GEF	B	0.07%	0.06%	0.06%
GHC	B	0.13%	0.12%	0.12%
GME	C	0.29%	0.29%	0.29%
GMED	A	0.15%	0.34%	0.15%
GPK	D	0.19%	0.32%	0.19%
GT	C	0.11%	0.11%	0.11%
GXO	B	0.18%	0.26%	0.18%
H	B	0.08%	0.26%	0.08%
HGV	C	0.08%	0.11%	0.08%
HLI	B	0.17%	0.35%	0.17%
HOG	F	0.19%	0.15%	0.15%
HOMB	A	0.15%	0.21%	0.15%
HRB	D	0.21%	0.29%	0.21%
HWC	B	0.21%	0.2%	0.2%
IBOC	B	0.08%	0.14%	0.08%
IDA	A	0.17%	0.2%	0.17%
INGR	B	0.26%	0.34%	0.26%
IPGP	D	0.06%	0.08%	0.06%
IRT	A	0.09%	0.17%	0.09%
JAZZ	C	0.32%	0.3%	0.3%
JEF	A	0.32%	0.47%	0.32%
JHG	B	0.24%	0.22%	0.22%
JLL	D	0.35%	0.44%	0.35%
JWN	C	0.1%	0.08%	0.08%
KBH	D	0.22%	0.21%	0.21%
KD	A	0.27%	0.24%	0.24%
KEX	B	0.11%	0.28%	0.11%
KMPR	A	0.18%	0.16%	0.16%
KNF	A	0.08%	0.19%	0.08%
KNX	B	0.13%	0.33%	0.13%
KRC	C	0.19%	0.15%	0.15%
LAD	B	0.43%	0.41%	0.41%
LAMR	D	0.26%	0.4%	0.26%
LEA	F	0.14%	0.22%	0.14%
LPX	A	0.18%	0.26%	0.18%
LSTR	D	0.15%	0.24%	0.15%
M	D	0.18%	0.16%	0.16%
MAN	F	0.13%	0.11%	0.11%
MASI	B	0.12%	0.26%	0.12%
MAT	D	0.17%	0.24%	0.17%
MIDD	D	0.17%	0.28%	0.17%
MMS	D	0.13%	0.19%	0.13%
MSA	D	0.11%	0.24%	0.11%
MSM	D	0.09%	0.15%	0.09%
MTDR	C	0.29%	0.27%	0.27%
MTG	D	0.28%	0.24%	0.24%
MUR	F	0.21%	0.19%	0.19%
NEOG	D	0.13%	0.11%	0.11%
NEU	D	0.11%	0.14%	0.11%
NFG	A	0.24%	0.19%	0.19%
NJR	A	0.14%	0.16%	0.14%
NNN	C	0.18%	0.26%	0.18%
NOV	D	0.1%	0.25%	0.1%
NSA	C	0.07%	0.1%	0.07%
NVST	C	0.15%	0.13%	0.13%
NWE	C	0.13%	0.12%	0.12%
NXST	C	0.21%	0.19%	0.19%
OGE	A	0.36%	0.29%	0.29%
OGS	A	0.17%	0.14%	0.14%
OHI	C	0.41%	0.34%	0.34%
OLN	F	0.21%	0.19%	0.19%
ONB	B	0.29%	0.26%	0.26%
ORI	A	0.4%	0.35%	0.35%
OSK	C	0.2%	0.28%	0.2%
OZK	B	0.22%	0.19%	0.19%
PB	A	0.33%	0.28%	0.28%
PBF	D	0.13%	0.13%	0.13%
PCH	D	0.09%	0.12%	0.09%
PII	F	0.15%	0.14%	0.14%
PK	D	0.13%	0.12%	0.12%
PNFP	B	0.4%	0.37%	0.37%
POR	C	0.12%	0.17%	0.12%
POST	D	0.1%	0.19%	0.1%
PPC	B	0.04%	0.08%	0.04%
PR	B	0.39%	0.3%	0.3%
PRGO	C	0.15%	0.14%	0.14%
PRI	A	0.18%	0.38%	0.18%
PVH	C	0.24%	0.22%	0.22%
R	B	0.17%	0.28%	0.17%
REXR	F	0.11%	0.32%	0.11%
RGLD	C	0.17%	0.33%	0.17%
ROIV	D	0.2%	0.14%	0.14%
RRC	B	0.34%	0.29%	0.29%
RYN	D	0.08%	0.14%	0.08%
SAIC	F	0.16%	0.22%	0.16%
SBRA	B	0.16%	0.14%	0.14%
SEIC	B	0.12%	0.29%	0.12%
SF	B	0.49%	0.44%	0.44%
SFM	A	0.17%	0.52%	0.17%
SIGI	B	0.18%	0.22%	0.18%
SLGN	A	0.19%	0.16%	0.16%
SLM	B	0.23%	0.2%	0.2%
SNV	B	0.35%	0.31%	0.31%
SON	F	0.21%	0.18%	0.18%
SR	A	0.16%	0.14%	0.14%
SSB	B	0.34%	0.3%	0.3%
ST	F	0.2%	0.19%	0.19%
STAG	D	0.16%	0.24%	0.16%
STWD	C	0.26%	0.22%	0.22%
SWX	A	0.18%	0.17%	0.17%
SYNA	D	0.04%	0.12%	0.04%
TCBI	B	0.17%	0.14%	0.14%
TEX	D	0.15%	0.14%	0.14%
THG	A	0.12%	0.21%	0.12%
THO	C	0.12%	0.23%	0.12%
TKR	F	0.1%	0.18%	0.1%
TMHC	B	0.29%	0.27%	0.27%
TNL	B	0.16%	0.14%	0.14%
TPX	B	0.1%	0.36%	0.1%
TTC	F	0.15%	0.34%	0.15%
UAA	C	0.08%	0.15%	0.08%
UBSI	B	0.24%	0.21%	0.21%
UFPI	C	0.15%	0.31%	0.15%
UGI	C	0.21%	0.18%	0.18%
UMBF	B	0.24%	0.19%	0.19%
VAC	C	0.12%	0.12%	0.12%
VAL	F	0.04%	0.12%	0.04%
VC	F	0.11%	0.1%	0.1%
VLY	A	0.19%	0.16%	0.16%
VMI	B	0.28%	0.26%	0.26%
VNO	C	0.3%	0.23%	0.23%
VNT	C	0.09%	0.24%	0.09%
VOYA	B	0.22%	0.27%	0.22%
VSH	F	0.08%	0.08%	0.08%
WBS	A	0.44%	0.39%	0.39%
WCC	B	0.38%	0.34%	0.34%
WEN	C	0.06%	0.11%	0.06%
WEX	F	0.13%	0.26%	0.13%
WH	B	0.23%	0.28%	0.23%
WHR	B	0.26%	0.23%	0.23%
WTFC	B	0.36%	0.32%	0.32%
WU	F	0.15%	0.13%	0.13%
X	C	0.34%	0.32%	0.32%
XRAY	D	0.16%	0.13%	0.13%
YETI	D	0.05%	0.12%	0.05%
ZI	D	0.05%	0.11%	0.05%
ZION	B	0.37%	0.34%	0.34%

ISCV Overweight 902 Positions Relative to QVMM

Symbol	Grade	Weight
CVNA	A	0.61%
TPR	A	0.55%
CHRW	B	0.54%
Z	A	0.5%
AIZ	A	0.48%
PNW	B	0.44%
GL	C	0.43%
WAL	B	0.42%
NLY	C	0.41%
CMA	B	0.38%
AAL	B	0.37%
HSIC	C	0.37%
LUMN	C	0.36%
BWA	D	0.33%
MHK	D	0.32%
RIVN	F	0.31%
AGNC	C	0.31%
BBWI	C	0.3%
FMC	D	0.29%
BPOP	C	0.29%
AXS	A	0.29%
ELAN	D	0.29%
ALK	A	0.29%
VFC	C	0.28%
OMF	A	0.27%
MTH	D	0.27%
PARA	D	0.26%
BECN	B	0.26%
JXN	C	0.26%
ALSN	B	0.26%
COOP	B	0.25%
LNC	B	0.25%
GNRC	B	0.25%
GPI	B	0.24%
IVZ	C	0.24%
RITM	D	0.23%
BCC	B	0.23%
SEE	D	0.22%
EAT	A	0.22%
ABG	B	0.22%
MC	B	0.22%
AUR	C	0.21%
MLI	B	0.21%
RVMD	B	0.21%
SLG	B	0.21%
SM	C	0.21%
HAS	D	0.21%
KTB	A	0.21%
MGY	A	0.2%
ABCB	B	0.2%
CZR	F	0.2%
FRT	B	0.19%
TXNM	A	0.18%
MAC	A	0.18%
BIO	C	0.18%
CTRE	C	0.18%
SIG	C	0.18%
MHO	D	0.18%
ESI	B	0.17%
DBX	C	0.16%
DXC	D	0.16%
ESGR	B	0.16%
GTES	A	0.16%
NOG	A	0.16%
FULT	B	0.16%
CALM	A	0.16%
LYFT	C	0.16%
ZG	A	0.16%
GMS	B	0.16%
OGN	F	0.16%
TPH	D	0.16%
LBRDK	C	0.16%
UCB	A	0.16%
MDU	D	0.15%
NWL	B	0.15%
CCOI	B	0.15%
GEO	A	0.15%
FHB	B	0.15%
ASO	F	0.15%
WD	D	0.15%
MATX	B	0.15%
CATY	B	0.15%
CBU	B	0.15%
MKTX	D	0.15%
MKSI	C	0.15%
AUB	B	0.15%
W	D	0.15%
BTU	B	0.14%
CYTK	D	0.14%
DNB	B	0.14%
CRC	B	0.14%
FBP	B	0.14%
HP	C	0.14%
HIW	D	0.14%
HCC	B	0.14%
TGNA	B	0.13%
WAFD	B	0.13%
SLVM	C	0.13%
BKU	A	0.13%
MTN	C	0.13%
SFNC	B	0.13%
INDB	B	0.13%
HUBG	A	0.13%
BOH	B	0.13%
FLG	D	0.13%
TDS	B	0.13%
SFBS	B	0.13%
FIBK	B	0.13%
PRK	B	0.12%
RHI	C	0.12%
SATS	C	0.12%
RDN	D	0.12%
HTLF	B	0.12%
FFBC	B	0.12%
CC	D	0.12%
HRI	C	0.12%
PENN	C	0.12%
BFH	B	0.12%
HBI	A	0.12%
NMIH	D	0.12%
PFSI	C	0.12%
PRGS	B	0.12%
ARCH	B	0.12%
PIPR	B	0.12%
ALTM	C	0.12%
BXMT	C	0.12%
AVA	C	0.12%
VIRT	A	0.12%
RL	C	0.12%
CVBF	B	0.12%
ABR	B	0.11%
IAC	D	0.11%
BANR	B	0.11%
CORZ	B	0.11%
ZD	B	0.11%
COLD	F	0.11%
FRME	B	0.11%
VSCO	A	0.11%
ENVA	B	0.11%
MTX	C	0.11%
PSN	C	0.11%
MPW	F	0.11%
SANM	B	0.11%
CACC	F	0.11%
DEI	B	0.11%
AL	B	0.11%
PPBI	B	0.11%
BOKF	B	0.11%
PFS	B	0.11%
PTON	B	0.11%
LXP	D	0.11%
LBRT	F	0.11%
CORT	C	0.1%
JBLU	F	0.1%
WLY	B	0.1%
IBTX	B	0.1%
CAKE	B	0.1%
NBTB	B	0.1%
BANC	B	0.1%
CRSP	D	0.1%
EPRT	A	0.1%
AHR	A	0.1%
COMP	B	0.1%
VSTO	A	0.1%
CXW	B	0.1%
PINC	B	0.1%
PHIN	B	0.1%
TTMI	B	0.1%
CEIX	A	0.1%
FTDR	B	0.1%
SITE	D	0.1%
LITE	B	0.1%
RKLB	B	0.1%
PBH	A	0.1%
TOWN	B	0.1%
TPG	A	0.1%
STC	A	0.09%
CRGY	A	0.09%
GBX	B	0.09%
OFG	B	0.09%
RIG	D	0.09%
AX	B	0.09%
GPOR	A	0.09%
AMED	F	0.09%
BGC	C	0.09%
FBK	B	0.09%
VYX	C	0.09%
PRKS	B	0.09%
CNK	A	0.09%
PRG	C	0.09%
REZI	A	0.09%
WSBC	B	0.09%
OMCL	C	0.09%
LBTYK	A	0.09%
WHD	B	0.09%
ETSY	D	0.09%
ALKS	C	0.09%
SHOO	D	0.09%
NSIT	F	0.09%
MRCY	C	0.09%
NATL	B	0.09%
MBC	F	0.09%
KMT	C	0.09%
NMRK	B	0.09%
EQC	A	0.09%
AEIS	B	0.09%
TRMK	B	0.09%
RUN	F	0.09%
LGIH	F	0.09%
GRBK	D	0.09%
CWK	C	0.09%
EFSC	B	0.09%
ENR	A	0.09%
ADT	B	0.09%
B	A	0.09%
SKYW	B	0.08%
HE	C	0.08%
CAR	C	0.08%
NWBI	B	0.08%
CABO	C	0.08%
RH	D	0.08%
DRH	B	0.08%
QDEL	F	0.08%
KOS	D	0.08%
FCPT	C	0.08%
LZB	B	0.08%
AKR	A	0.08%
FBNC	B	0.08%
BLKB	B	0.08%
STEP	B	0.08%
SUPN	B	0.08%
ATKR	D	0.08%
WSFS	B	0.08%
STR	A	0.08%
OTTR	C	0.08%
TGTX	B	0.08%
TNET	F	0.08%
LCII	D	0.08%
FCF	B	0.08%
HUN	F	0.08%
FL	F	0.08%
HLMN	B	0.08%
POWI	D	0.08%
AROC	A	0.08%
SEM	B	0.08%
GVA	A	0.08%
KSS	F	0.08%
MGEE	A	0.08%
HL	C	0.08%
OI	D	0.08%
INFA	D	0.08%
ALIT	C	0.08%
LBTYA	F	0.08%
BNL	D	0.08%
NGVT	C	0.07%
RUSHA	B	0.07%
SKT	A	0.07%
CSGS	B	0.07%
LEG	F	0.07%
UPBD	C	0.07%
STEL	B	0.07%
PLXS	B	0.07%
IART	C	0.07%
NWN	A	0.07%
WTM	A	0.07%
HNI	B	0.07%
PDCO	F	0.07%
LEVI	F	0.07%
SNDR	B	0.07%
AGO	A	0.07%
DNLI	C	0.07%
PRIM	A	0.07%
FCFS	F	0.07%
STBA	B	0.07%
HOPE	B	0.07%
AMC	D	0.07%
RNG	C	0.07%
BRC	C	0.07%
CUBI	C	0.07%
JOBY	B	0.07%
CENTA	C	0.07%
CCS	F	0.07%
ABM	B	0.07%
PATK	D	0.07%
CPK	A	0.07%
AMR	C	0.07%
KN	B	0.07%
HASI	F	0.07%
LTC	B	0.07%
WKC	D	0.07%
MOG.A	B	0.07%
QS	D	0.07%
RXO	C	0.07%
ICUI	D	0.07%
HMN	B	0.07%
SASR	B	0.07%
BEAM	C	0.07%
SMG	C	0.07%
EPC	F	0.07%
KFY	B	0.07%
WWW	A	0.07%
FUL	F	0.07%
RKT	F	0.07%
NBHC	B	0.07%
WGO	C	0.07%
DDS	B	0.07%
BOOT	D	0.07%
LAUR	A	0.06%
DORM	B	0.06%
TROX	D	0.06%
DBD	D	0.06%
TRN	B	0.06%
WERN	B	0.06%
UVV	B	0.06%
LRN	B	0.06%
UNIT	B	0.06%
JBT	A	0.06%
UNF	B	0.06%
AEO	F	0.06%
BHLB	B	0.06%
UA	C	0.06%
SPR	D	0.06%
SBH	B	0.06%
ARCB	C	0.06%
LADR	B	0.06%
CODI	A	0.06%
PTEN	C	0.06%
AMBA	B	0.06%
IIPR	F	0.06%
PLAB	D	0.06%
SABR	B	0.06%
NXT	D	0.06%
ELME	D	0.06%
VRNT	D	0.06%
INSW	F	0.06%
WABC	B	0.06%
AGIO	C	0.06%
GNL	D	0.06%
OUT	A	0.06%
IVT	A	0.06%
ROIC	A	0.06%
HI	C	0.06%
EBC	B	0.06%
ACIW	B	0.06%
NTCT	C	0.06%
MSGS	B	0.06%
CWT	C	0.06%
SPNT	A	0.06%
BUSE	B	0.06%
HTH	B	0.06%
APAM	B	0.06%
VBTX	B	0.06%
NNI	D	0.06%
BKE	A	0.06%
SXT	C	0.06%
THS	F	0.06%
SNEX	B	0.06%
ATGE	B	0.06%
TCBK	B	0.06%
HELE	C	0.06%
DIOD	F	0.06%
HAYW	B	0.05%
SBSI	B	0.05%
GTY	A	0.05%
MSGE	F	0.05%
CBRL	C	0.05%
KNTK	A	0.05%
ITGR	B	0.05%
PCT	C	0.05%
SJW	F	0.05%
AMRX	C	0.05%
CSR	A	0.05%
YELP	C	0.05%
BRKL	B	0.05%
MRC	B	0.05%
VSTS	F	0.05%
CASH	B	0.05%
DYN	F	0.05%
URBN	C	0.05%
AMSF	B	0.05%
GOLF	B	0.05%
AZZ	A	0.05%
DRS	B	0.05%
KLG	D	0.05%
PMT	D	0.05%
GFF	B	0.05%
CPRX	C	0.05%
MFA	D	0.05%
RC	D	0.05%
CLVT	D	0.05%
LKFN	B	0.05%
ECPG	B	0.05%
DEA	D	0.05%
CIM	D	0.05%
MWA	B	0.05%
CNNE	B	0.05%
CHCO	B	0.05%
DK	D	0.05%
SCS	B	0.05%
CRK	A	0.05%
HHH	B	0.05%
OXM	F	0.05%
KW	B	0.05%
AGM	B	0.05%
TWO	D	0.05%
ARI	C	0.05%
MD	B	0.05%
UPWK	C	0.05%
TFIN	B	0.05%
CDE	C	0.05%
PDM	D	0.05%
SRCE	B	0.05%
OCFC	B	0.05%
TPC	C	0.05%
AIR	B	0.05%
SCSC	B	0.05%
GIII	D	0.05%
ALGT	C	0.05%
PLAY	D	0.05%
NAVI	F	0.05%
AAP	D	0.05%
CMPR	F	0.05%
REVG	B	0.05%
PEBO	B	0.05%
ADEA	C	0.05%
KALU	C	0.05%
DCOM	A	0.05%
EVTC	B	0.05%
BANF	B	0.05%
FDP	B	0.05%
JBGS	F	0.05%
WOR	F	0.05%
UNFI	B	0.05%
PECO	A	0.05%
VCTR	B	0.05%
LBPH	A	0.04%
BRSP	C	0.04%
HCSG	C	0.04%
EGBN	B	0.04%
AIN	C	0.04%
ASTE	C	0.04%
JACK	D	0.04%
KURA	F	0.04%
WS	B	0.04%
CFFN	B	0.04%
LGND	C	0.04%
RRR	F	0.04%
LMND	A	0.04%
JELD	F	0.04%
PRAA	C	0.04%
LGF.A	F	0.04%
PRDO	B	0.04%
MNRO	C	0.04%
TGI	A	0.04%
AAT	A	0.04%
BDN	C	0.04%
BY	B	0.04%
ODP	F	0.04%
PGRE	D	0.04%
SXI	B	0.04%
FOXF	F	0.04%
MLKN	F	0.04%
PEB	F	0.04%
AMN	F	0.04%
AMWD	B	0.04%
MGNI	A	0.04%
ESRT	D	0.04%
BHE	B	0.04%
FMBH	B	0.04%
QCRH	B	0.04%
USM	B	0.04%
HFWA	B	0.04%
DX	A	0.04%
GO	C	0.04%
ARR	D	0.04%
OSIS	A	0.04%
RWT	D	0.04%
ADNT	F	0.04%
GTX	F	0.04%
GABC	B	0.04%
SAH	B	0.04%
AGX	C	0.04%
REYN	D	0.04%
ULS	C	0.04%
CTBI	B	0.04%
HLIO	C	0.04%
COLL	F	0.04%
UVSP	B	0.04%
BKD	F	0.04%
TBBK	B	0.04%
DLX	B	0.04%
UTL	C	0.04%
TDOC	D	0.04%
EFC	C	0.04%
OPEN	F	0.04%
NEO	C	0.04%
UE	A	0.04%
VRTS	B	0.04%
CNOB	B	0.04%
MQ	F	0.04%
LPG	F	0.04%
XRX	F	0.04%
NIC	B	0.04%
NHC	B	0.04%
SYBT	B	0.04%
RDFN	D	0.04%
HUT	B	0.04%
HEES	C	0.04%
CWEN	C	0.04%
IMKTA	C	0.04%
TDW	F	0.04%
OBK	B	0.04%
VIAV	C	0.04%
PTCT	C	0.04%
MCY	B	0.04%
TMP	B	0.04%
NPO	A	0.04%
JJSF	C	0.04%
FBMS	B	0.04%
ACT	D	0.04%
SBCF	B	0.04%
ANDE	F	0.04%
TDC	D	0.04%
SXC	A	0.04%
PFC	B	0.04%
TRS	B	0.04%
SKWD	A	0.04%
FBRT	C	0.04%
PARR	F	0.04%
APOG	B	0.04%
INVA	C	0.04%
DAN	F	0.04%
PLUS	F	0.04%
BLMN	F	0.04%
ARWR	D	0.04%
CAL	F	0.04%
PLTK	B	0.03%
PFBC	B	0.03%
VSAT	F	0.03%
VRDN	D	0.03%
IRWD	F	0.03%
NXRT	A	0.03%
AVNS	F	0.03%
MXL	C	0.03%
LBRDA	C	0.03%
TNDM	F	0.03%
FWRD	D	0.03%
ACEL	C	0.03%
RCKT	F	0.03%
RLJ	C	0.03%
HY	D	0.03%
KROS	D	0.03%
CWH	C	0.03%
LPRO	C	0.03%
SPTN	F	0.03%
PBI	B	0.03%
FTRE	D	0.03%
HTLD	B	0.03%
KAR	A	0.03%
MSEX	B	0.03%
NX	C	0.03%
HTBK	B	0.03%
WTTR	A	0.03%
SNDX	F	0.03%
CVI	D	0.03%
CNDT	D	0.03%
HAIN	D	0.03%
STGW	B	0.03%
ETD	D	0.03%
EQBK	B	0.03%
BXC	B	0.03%
MRTN	C	0.03%
MATV	F	0.03%
ETNB	D	0.03%
BFST	B	0.03%
KREF	D	0.03%
INN	D	0.03%
ZYME	C	0.03%
RGR	F	0.03%
SEB	F	0.03%
SHEN	F	0.03%
SMP	C	0.03%
VTS	A	0.03%
CPF	B	0.03%
BV	C	0.03%
TRST	B	0.03%
PWP	A	0.03%
GNK	D	0.03%
CMTG	D	0.03%
ATMU	A	0.03%
EVRI	A	0.03%
INFN	D	0.03%
NAPA	A	0.03%
DNOW	B	0.03%
MATW	C	0.03%
FCBC	B	0.03%
SMMT	D	0.03%
VVX	C	0.03%
ATSG	A	0.03%
AMTB	B	0.03%
SAFT	B	0.03%
AKRO	C	0.03%
AXL	C	0.03%
VTOL	B	0.03%
DVAX	C	0.03%
VIR	F	0.03%
LILAK	F	0.03%
CARS	C	0.03%
AHH	D	0.03%
MCBS	B	0.03%
RYI	C	0.03%
NVCR	D	0.03%
VTLE	C	0.03%
LC	B	0.03%
BBIO	F	0.03%
TALO	C	0.03%
DFIN	D	0.03%
SSTK	F	0.03%
DOCN	D	0.03%
VRE	A	0.03%
HLF	C	0.03%
FA	D	0.03%
PSMT	D	0.03%
FOLD	F	0.03%
PRM	B	0.03%
FG	B	0.03%
ASIX	C	0.03%
CHEF	B	0.03%
WMK	B	0.03%
IBCP	B	0.03%
SCL	D	0.03%
MBWM	B	0.03%
SHC	D	0.03%
HBNC	B	0.03%
MBUU	C	0.03%
EMBC	D	0.03%
AESI	B	0.03%
IDYA	F	0.03%
OSBC	B	0.03%
EIG	B	0.03%
RCUS	F	0.02%
ACHR	B	0.02%
FIP	D	0.02%
PCRX	C	0.02%
CNSL	B	0.02%
IDT	B	0.02%
NUVB	C	0.02%
LGF.A	F	0.02%
NUS	C	0.02%
SD	F	0.02%
MGPI	F	0.02%
VZIO	A	0.02%
SNCY	C	0.02%
WSR	A	0.02%
PLRX	D	0.02%
VECO	F	0.02%
MLR	C	0.02%
CGEM	F	0.02%
GRNT	B	0.02%
VREX	C	0.02%
HOUS	D	0.02%
JBSS	F	0.02%
RGNX	D	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	C	0.02%
KOP	C	0.02%
CCO	D	0.02%
BBSI	B	0.02%
AUPH	C	0.02%
BALY	A	0.02%
GOOD	A	0.02%
GTN	F	0.02%
WNC	C	0.02%
NVAX	F	0.02%
CLW	F	0.02%
PRLB	C	0.02%
SAFE	F	0.02%
CMCO	C	0.02%
NBR	D	0.02%
ALEX	B	0.02%
CHPT	F	0.02%
DHC	F	0.02%
TWI	F	0.02%
THRY	F	0.02%
WRLD	D	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%
AORT	B	0.02%
PLYM	F	0.02%
RDUS	C	0.02%
ALX	D	0.02%
NTST	D	0.02%
NVEE	F	0.02%
HPP	F	0.02%
ARVN	F	0.02%
TTGT	B	0.02%
BTSG	B	0.02%
PKST	F	0.02%
BGS	F	0.02%
CVLG	B	0.02%
MCW	C	0.02%
FIZZ	B	0.02%
PZZA	F	0.02%
AGL	F	0.02%
PTVE	B	0.02%
BFS	C	0.02%
SAVA	C	0.02%
AMRK	F	0.02%
TREE	F	0.02%
CSTL	C	0.02%
OPK	B	0.02%
CMP	C	0.02%
CNXN	D	0.02%
TRTX	B	0.02%
DIN	C	0.02%
OEC	C	0.02%
TILE	B	0.02%
WOLF	F	0.02%
GDEN	B	0.02%
DBRG	F	0.02%
TLRY	F	0.02%
AMRC	F	0.02%
PRA	B	0.02%
NYMT	C	0.02%
NR	C	0.02%
SYRE	D	0.02%
EBF	D	0.02%
ATUS	C	0.02%
SBGI	B	0.02%
HSII	B	0.02%
SRRK	B	0.02%
HTZ	C	0.02%
UMH	A	0.02%
NVRI	F	0.02%
KFRC	D	0.02%
AIV	C	0.02%
EGY	F	0.02%
EYE	C	0.02%
RAMP	C	0.02%
CCB	A	0.02%
UFCS	A	0.02%
MMI	B	0.02%
TRUP	B	0.02%
GSBC	B	0.02%
SCHL	F	0.02%
USPH	C	0.02%
TNC	F	0.02%
PLUG	F	0.02%
TXG	F	0.02%
WT	A	0.02%
HZO	F	0.02%
PARAA	C	0.01%
ORIC	F	0.01%
HPK	C	0.01%
CTRI	B	0.01%
MITK	D	0.01%
DH	F	0.01%
TTI	B	0.01%
GOGO	C	0.01%
ACDC	C	0.01%
TYRA	D	0.01%
FRPH	A	0.01%
BYON	F	0.01%
PTLO	F	0.01%
AVO	B	0.01%
REPX	A	0.01%
ALEC	F	0.01%
PLPC	B	0.01%
ACCD	F	0.01%
RUSHB	B	0.01%
GDRX	F	0.01%
LEGH	D	0.01%
UP	F	0.01%
CTOS	B	0.01%
CHCT	C	0.01%
TITN	D	0.01%
HG	C	0.01%
BLFS	D	0.01%
TIPT	B	0.01%
ETWO	F	0.01%
KRT	B	0.01%
HBT	B	0.01%
QTRX	D	0.01%
LILA	F	0.01%
TBLA	F	0.01%
CYRX	F	0.01%
PUMP	D	0.01%
IIIV	B	0.01%
FSLY	F	0.01%
FIGS	F	0.01%
OLPX	D	0.01%
ULCC	D	0.01%
RSI	B	0.01%
BMBL	C	0.01%
NRDS	C	0.01%
JBI	F	0.01%
RES	F	0.01%
TFSL	A	0.01%
RPAY	D	0.01%
COGT	D	0.01%
KRO	F	0.01%
OLMA	F	0.01%
OLO	B	0.01%
OABI	D	0.01%
FPI	A	0.01%
MERC	F	0.01%
SEAT	F	0.01%
SEMR	C	0.01%
GES	F	0.01%
ENFN	B	0.01%
KGS	A	0.01%
ARHS	F	0.01%
TARS	C	0.01%
MYE	F	0.01%
CASS	B	0.01%
THR	B	0.01%
ATRO	F	0.01%
NOVA	F	0.01%
GMRE	F	0.01%
SWBI	C	0.01%
IMXI	B	0.01%
STOK	D	0.01%
IIIN	D	0.01%
PACK	C	0.01%
HVT	F	0.01%
MBIN	F	0.01%
UTZ	D	0.01%
AOSL	C	0.01%
MLAB	F	0.01%
EVER	F	0.01%
SNRE	D	0.01%
AMBC	C	0.01%
HCKT	B	0.01%
CCRN	F	0.01%
GCT	C	0.01%
FOR	F	0.01%
AMAL	B	0.01%
CLNE	F	0.01%
REX	D	0.01%
NPK	C	0.01%
BRY	F	0.01%
UHT	D	0.01%
ACIC	B	0.01%
MTUS	D	0.01%
DAWN	D	0.01%
METC	C	0.01%
IE	C	0.01%
KNSA	F	0.01%
LESL	C	0.01%
KE	C	0.01%
DXPE	B	0.01%
EZPW	A	0.01%
CENT	C	0.01%
ULH	B	0.01%
CRSR	D	0.01%
SWI	B	0.01%
PLOW	D	0.01%
LEU	C	0.01%
ARKO	D	0.01%
LMB	A	0.01%
FLGT	F	0.01%
BSIG	A	0.01%
LFST	C	0.01%
ROOT	B	0.01%
BELFB	D	0.01%
CLBK	C	0.01%
ALXO	F	0.0%
NKLA	F	0.0%
EWCZ	D	0.0%
SAGE	F	0.0%
SANA	F	0.0%
CDLX	D	0.0%
ACTG	F	0.0%
RILY	F	0.0%
LYEL	F	0.0%
ANAB	F	0.0%
ZNTL	D	0.0%
GIC	F	0.0%
DNA	F	0.0%
GYRE	D	0.0%
WEST	C	0.0%
CHGG	F	0.0%
CABA	F	0.0%
TH	C	0.0%
MAX	F	0.0%
BOWL	D	0.0%
PGY	F	0.0%
YMAB	F	0.0%

ISCV Underweight 142 Positions Relative to QVMM

Symbol	Grade	Weight
TPL	A	-0.99%
EME	A	-0.84%
CSL	C	-0.8%
LII	B	-0.73%
IBKR	A	-0.71%
XPO	B	-0.68%
RS	B	-0.66%
UTHR	C	-0.64%
OC	A	-0.63%
RPM	B	-0.61%
BURL	A	-0.61%
RBA	A	-0.61%
WSO	A	-0.61%
MANH	D	-0.6%
TOL	B	-0.59%
FIX	A	-0.59%
THC	C	-0.59%
WSM	D	-0.59%
PSTG	F	-0.58%
FNF	A	-0.57%
RGA	B	-0.56%
EQH	B	-0.56%
USFD	A	-0.54%
ACM	B	-0.54%
GGG	B	-0.54%
CASY	A	-0.52%
CW	B	-0.51%
COHR	B	-0.49%
TXRH	B	-0.49%
AVTR	F	-0.49%
PFGC	B	-0.49%
RNR	C	-0.48%
DKS	D	-0.47%
GLPI	C	-0.47%
ITT	A	-0.47%
UNM	A	-0.47%
BMRN	F	-0.47%
CLH	C	-0.46%
NBIX	C	-0.46%
RRX	B	-0.46%
LECO	C	-0.46%
ALLY	C	-0.46%
NVT	C	-0.46%
SAIA	C	-0.45%
OVV	C	-0.44%
BLD	F	-0.44%
BWXT	A	-0.44%
SCI	A	-0.43%
BJ	B	-0.42%
AMH	C	-0.42%
FND	F	-0.41%
WPC	C	-0.41%
KNSL	B	-0.4%
DUOL	A	-0.4%
TTEK	F	-0.39%
EXP	B	-0.38%
AIT	B	-0.38%
CCK	D	-0.38%
CUBE	C	-0.37%
WWD	B	-0.37%
EHC	B	-0.36%
SNX	D	-0.35%
EXEL	B	-0.35%
MUSA	A	-0.35%
WING	D	-0.34%
DCI	B	-0.34%
WTRG	B	-0.34%
WMS	F	-0.34%
ARMK	C	-0.34%
NYT	D	-0.33%
CHDN	C	-0.33%
AFG	A	-0.33%
AAON	B	-0.33%
RBC	A	-0.33%
AR	B	-0.32%
BRBR	A	-0.32%
PCTY	B	-0.32%
MORN	B	-0.32%
KBR	F	-0.32%
MTZ	B	-0.31%
CHE	F	-0.31%
HQY	A	-0.31%
CNM	C	-0.31%
ONTO	F	-0.31%
SKX	F	-0.3%
SSD	D	-0.29%
ANF	F	-0.29%
EGP	D	-0.29%
MEDP	D	-0.29%
LNW	F	-0.29%
CVLT	B	-0.28%
TREX	D	-0.27%
RGEN	F	-0.27%
CGNX	D	-0.26%
LSCC	D	-0.26%
HALO	F	-0.26%
MTSI	B	-0.26%
RYAN	B	-0.26%
EXLS	B	-0.26%
GNTX	F	-0.26%
DINO	D	-0.25%
FR	D	-0.25%
WFRD	F	-0.25%
FCN	F	-0.25%
RLI	A	-0.25%
LFUS	D	-0.24%
OLED	F	-0.24%
DOCS	C	-0.23%
CHX	C	-0.23%
NOVT	D	-0.23%
RMBS	C	-0.22%
ALTR	B	-0.22%
VVV	D	-0.21%
KRG	A	-0.21%
WTS	B	-0.21%
COKE	C	-0.21%
QLYS	C	-0.2%
BRKR	F	-0.2%
LNTH	F	-0.2%
LOPE	B	-0.18%
APPF	C	-0.18%
EXPO	D	-0.18%
HXL	F	-0.18%
OLLI	D	-0.18%
WMG	C	-0.17%
HAE	C	-0.17%
DLB	F	-0.16%
CELH	F	-0.16%
PNM	B	-0.15%
ORA	B	-0.15%
WLK	F	-0.15%
ACHC	F	-0.14%
PAG	B	-0.13%
LANC	D	-0.13%
SLAB	F	-0.13%
OPCH	F	-0.13%
LIVN	D	-0.11%
RCM	A	-0.1%
COTY	F	-0.1%
NSP	F	-0.1%
SAM	C	-0.1%
AZTA	F	-0.09%