ISCG vs. FESM ETF Comparison

Comparison of iShares Morningstar Small-Cap Growth ETF (ISCG) to Fidelity Enhanced Small Cap ETF (FESM)

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

$53.09

Average Daily Volume

28,998

Number of Holdings ^*

986

* 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

$35.19

Average Daily Volume

123,580

Number of Holdings ^*

567

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	FESM
30 Days	6.15%	7.42%
60 Days	7.23%	7.32%
90 Days	8.56%	8.30%
12 Months	34.09%	39.28%

289 Overlapping Holdings

Symbol	Grade	Weight in ISCG	Weight in FESM	Overlap
AAT	B	0.02%	0.37%	0.02%
ABM	B	0.08%	0.32%	0.08%
ABSI	F	0.01%	0.02%	0.01%
ACA	A	0.21%	0.39%	0.21%
ACAD	C	0.08%	0.11%	0.08%
ACIW	B	0.18%	0.05%	0.05%
ADMA	B	0.19%	0.1%	0.1%
ADUS	D	0.09%	0.1%	0.09%
AEO	F	0.08%	0.6%	0.08%
AGIO	C	0.07%	0.06%	0.06%
AIN	C	0.07%	0.08%	0.07%
AIR	B	0.05%	0.5%	0.05%
AIT	B	0.42%	0.48%	0.42%
AKRO	B	0.04%	0.05%	0.04%
ALEC	F	0.0%	0.02%	0.0%
ALKS	C	0.11%	0.21%	0.11%
ALRM	C	0.12%	0.17%	0.12%
ALTR	B	0.24%	0.11%	0.11%
AMAL	B	0.01%	0.15%	0.01%
AMBA	B	0.04%	0.09%	0.04%
AMPH	F	0.07%	0.07%	0.07%
ANF	F	0.29%	0.8%	0.29%
ANIP	F	0.04%	0.02%	0.02%
AORT	B	0.02%	0.18%	0.02%
AOSL	C	0.02%	0.05%	0.02%
APOG	C	0.03%	0.38%	0.03%
APPN	B	0.05%	0.05%	0.05%
ARCT	F	0.02%	0.05%	0.02%
ARLO	C	0.05%	0.17%	0.05%
AROC	A	0.08%	0.4%	0.08%
ARVN	F	0.03%	0.06%	0.03%
ARWR	D	0.05%	0.05%	0.05%
ATI	C	0.3%	0.33%	0.3%
ATRC	C	0.07%	0.13%	0.07%
ATRO	D	0.01%	0.05%	0.01%
AVNS	F	0.01%	0.18%	0.01%
AWR	B	0.13%	0.17%	0.13%
AX	B	0.09%	0.29%	0.09%
AXSM	B	0.15%	0.07%	0.07%
BANF	B	0.05%	0.43%	0.05%
BASE	B	0.03%	0.04%	0.03%
BBIO	F	0.08%	0.07%	0.07%
BBSI	B	0.03%	0.33%	0.03%
BCO	F	0.12%	0.24%	0.12%
BCPC	B	0.23%	0.1%	0.1%
BDC	C	0.12%	0.29%	0.12%
BGC	C	0.04%	0.67%	0.04%
BHE	C	0.03%	0.4%	0.03%
BL	B	0.12%	0.2%	0.12%
BLKB	B	0.07%	0.07%	0.07%
BMI	B	0.25%	0.4%	0.25%
BOOT	C	0.09%	0.06%	0.06%
BPMC	B	0.24%	0.16%	0.16%
BRC	D	0.06%	0.11%	0.06%
BSIG	A	0.02%	0.12%	0.02%
CDE	C	0.06%	0.08%	0.06%
CDP	C	0.07%	0.24%	0.07%
CECO	B	0.04%	0.38%	0.04%
CEIX	A	0.04%	0.26%	0.04%
CHGG	C	0.0%	0.03%	0.0%
CHX	C	0.24%	0.11%	0.11%
CLDX	F	0.06%	0.03%	0.03%
CNK	C	0.06%	0.15%	0.06%
CNMD	C	0.09%	0.35%	0.09%
CNXN	C	0.01%	0.19%	0.01%
COGT	D	0.02%	0.05%	0.02%
COKE	C	0.26%	0.33%	0.26%
CORT	B	0.12%	0.22%	0.12%
COUR	F	0.03%	0.04%	0.03%
CPRX	C	0.04%	0.13%	0.04%
CRAI	C	0.05%	0.21%	0.05%
CRDO	B	0.24%	0.33%	0.24%
CRNX	C	0.17%	0.12%	0.12%
CRS	B	0.37%	0.86%	0.37%
CRVL	B	0.14%	0.04%	0.04%
CSWI	B	0.28%	0.17%	0.17%
CVLT	B	0.3%	0.79%	0.3%
CVNA	B	0.56%	0.55%	0.55%
CWT	C	0.06%	0.15%	0.06%
CXM	C	0.04%	0.04%	0.04%
CYTK	F	0.11%	0.16%	0.11%
DBRG	F	0.06%	0.17%	0.06%
DCO	C	0.04%	0.22%	0.04%
DIOD	D	0.04%	0.09%	0.04%
DNLI	D	0.06%	0.06%	0.06%
DVAX	C	0.03%	0.02%	0.02%
DXPE	C	0.02%	0.16%	0.02%
DY	D	0.24%	0.16%	0.16%
DYN	F	0.04%	0.11%	0.04%
ENS	F	0.07%	0.62%	0.07%
ENSG	C	0.33%	0.03%	0.03%
EOLS	D	0.03%	0.07%	0.03%
EPAC	C	0.1%	0.23%	0.1%
ESRT	C	0.02%	0.37%	0.02%
ETWO	F	0.01%	0.03%	0.01%
EXLS	B	0.29%	0.53%	0.29%
EXPI	D	0.04%	0.14%	0.04%
EXTR	C	0.08%	0.13%	0.08%
EZPW	B	0.01%	0.25%	0.01%
FFIN	B	0.08%	0.36%	0.08%
FIZZ	C	0.03%	0.03%	0.03%
FLNC	D	0.05%	0.17%	0.05%
FLYW	B	0.09%	0.1%	0.09%
FN	C	0.37%	0.7%	0.37%
FOLD	F	0.07%	0.14%	0.07%
FORM	D	0.12%	0.09%	0.09%
FSS	B	0.23%	0.09%	0.09%
FTDR	B	0.08%	0.08%	0.08%
FUL	F	0.09%	0.54%	0.09%
GERN	D	0.08%	0.04%	0.04%
GFF	A	0.07%	0.34%	0.07%
GH	B	0.15%	0.36%	0.15%
GIC	D	0.01%	0.06%	0.01%
GKOS	B	0.31%	0.1%	0.1%
GMRE	F	0.01%	0.1%	0.01%
GPRE	F	0.02%	0.02%	0.02%
GRC	A	0.03%	0.03%	0.03%
HAE	C	0.18%	0.14%	0.14%
HALO	F	0.23%	0.16%	0.16%
HIMS	B	0.15%	0.03%	0.03%
HL	D	0.05%	0.21%	0.05%
HLIT	D	0.05%	0.09%	0.05%
HLX	B	0.06%	0.24%	0.06%
HNI	B	0.04%	0.2%	0.04%
HQY	A	0.36%	0.25%	0.25%
HSTM	B	0.03%	0.2%	0.03%
HURN	C	0.09%	0.21%	0.09%
HWKN	B	0.1%	0.54%	0.1%
IBP	D	0.2%	0.6%	0.2%
ICFI	F	0.1%	0.03%	0.03%
IDT	B	0.03%	0.03%	0.03%
IDYA	F	0.05%	0.04%	0.04%
IMVT	F	0.06%	0.01%	0.01%
INSM	C	0.49%	0.42%	0.42%
INTA	B	0.1%	0.17%	0.1%
IOVA	F	0.07%	0.04%	0.04%
IRTC	C	0.1%	0.25%	0.1%
ITRI	C	0.21%	0.47%	0.21%
JAMF	F	0.03%	0.07%	0.03%
JBSS	F	0.01%	0.02%	0.01%
KAR	B	0.06%	0.32%	0.06%
KE	C	0.01%	0.07%	0.01%
KNF	B	0.13%	0.37%	0.13%
KRYS	C	0.18%	0.1%	0.1%
KTOS	B	0.15%	0.3%	0.15%
KYMR	D	0.07%	0.02%	0.02%
LANC	C	0.15%	0.47%	0.15%
LGND	C	0.05%	0.09%	0.05%
LKFN	C	0.03%	0.53%	0.03%
LMAT	A	0.08%	0.04%	0.04%
LMB	B	0.03%	0.14%	0.03%
LMND	B	0.04%	0.41%	0.04%
LNTH	D	0.22%	0.06%	0.06%
LNW	F	0.34%	0.26%	0.26%
LTH	C	0.06%	0.08%	0.06%
MATX	C	0.08%	0.39%	0.08%
MCRI	A	0.04%	0.06%	0.04%
MCY	A	0.04%	0.03%	0.03%
MDGL	B	0.2%	0.14%	0.14%
MLNK	C	0.02%	0.04%	0.02%
MMSI	A	0.25%	0.42%	0.25%
MOG.A	B	0.19%	0.26%	0.19%
MQ	D	0.02%	0.02%	0.02%
MRTN	D	0.01%	0.26%	0.01%
MTRN	C	0.09%	0.03%	0.03%
MWA	B	0.11%	0.61%	0.11%
MXL	C	0.02%	0.45%	0.02%
MYE	F	0.0%	0.07%	0.0%
MYGN	F	0.05%	0.09%	0.05%
NABL	F	0.03%	0.02%	0.02%
NARI	C	0.11%	0.06%	0.06%
NBR	C	0.01%	0.23%	0.01%
NJR	A	0.06%	0.32%	0.06%
NPK	B	0.01%	0.03%	0.01%
NRDS	C	0.01%	0.05%	0.01%
NSP	F	0.11%	0.04%	0.04%
NSSC	D	0.05%	0.04%	0.04%
NTLA	F	0.05%	0.02%	0.02%
NUVL	C	0.12%	0.04%	0.04%
NVAX	F	0.02%	0.06%	0.02%
NXRT	B	0.02%	0.04%	0.02%
OABI	F	0.0%	0.04%	0.0%
ONTO	F	0.33%	0.05%	0.05%
OPCH	D	0.15%	0.21%	0.15%
ORIC	F	0.01%	0.06%	0.01%
OSCR	D	0.12%	0.14%	0.12%
OTTR	C	0.06%	0.12%	0.06%
OUT	A	0.04%	0.56%	0.04%
PBH	A	0.07%	0.22%	0.07%
PCRX	C	0.02%	0.08%	0.02%
PCVX	D	0.39%	0.33%	0.33%
PD	C	0.07%	0.17%	0.07%
PDFS	C	0.04%	0.23%	0.04%
PECO	A	0.14%	0.36%	0.14%
PHR	F	0.04%	0.27%	0.04%
PJT	A	0.15%	0.18%	0.15%
PLPC	B	0.01%	0.16%	0.01%
PLXS	B	0.11%	0.23%	0.11%
PRLB	B	0.02%	0.08%	0.02%
PRO	C	0.04%	0.18%	0.04%
PSN	D	0.08%	0.21%	0.08%
PTCT	B	0.08%	0.16%	0.08%
PTGX	D	0.09%	0.04%	0.04%
QLYS	B	0.21%	0.54%	0.21%
QTRX	F	0.01%	0.05%	0.01%
QTWO	A	0.24%	0.73%	0.24%
RCKT	F	0.01%	0.03%	0.01%
REPX	A	0.0%	0.13%	0.0%
REZI	A	0.07%	0.4%	0.07%
RIG	D	0.05%	0.05%	0.05%
RKLB	A	0.12%	0.1%	0.1%
RLAY	F	0.02%	0.03%	0.02%
RMBS	B	0.23%	0.19%	0.19%
ROCK	C	0.08%	0.21%	0.08%
RUSHA	C	0.09%	0.08%	0.08%
RVMD	C	0.12%	0.25%	0.12%
RXO	D	0.11%	0.06%	0.06%
RXRX	F	0.05%	0.08%	0.05%
RYTM	C	0.12%	0.15%	0.12%
SAGE	F	0.01%	0.04%	0.01%
SANA	F	0.01%	0.03%	0.01%
SANM	B	0.07%	0.39%	0.07%
SEM	B	0.08%	0.07%	0.07%
SFBS	C	0.08%	0.18%	0.08%
SFM	A	0.42%	0.99%	0.42%
SHAK	C	0.18%	0.21%	0.18%
SIGI	C	0.07%	0.44%	0.07%
SJW	F	0.02%	0.22%	0.02%
SKT	A	0.1%	0.11%	0.1%
SKYW	C	0.11%	0.7%	0.11%
SMMT	D	0.04%	0.01%	0.01%
SMTC	B	0.15%	0.19%	0.15%
SNCY	C	0.01%	0.05%	0.01%
SNDX	F	0.03%	0.06%	0.03%
SNEX	B	0.05%	0.27%	0.05%
SPSC	D	0.27%	0.71%	0.27%
SPT	C	0.06%	0.09%	0.06%
SRRK	C	0.04%	0.13%	0.04%
STEP	C	0.09%	0.32%	0.09%
SVRA	F	0.01%	0.02%	0.01%
SWTX	C	0.09%	0.02%	0.02%
SXT	C	0.07%	0.33%	0.07%
TARS	C	0.04%	0.08%	0.04%
TDOC	C	0.02%	0.08%	0.02%
TENB	C	0.2%	0.43%	0.2%
TGTX	B	0.1%	0.1%	0.1%
THR	B	0.03%	0.08%	0.03%
TILE	B	0.04%	0.23%	0.04%
TMCI	C	0.01%	0.05%	0.01%
TNC	D	0.04%	0.17%	0.04%
TNDM	D	0.05%	0.09%	0.05%
TNET	F	0.04%	0.02%	0.02%
TRN	B	0.07%	0.27%	0.07%
TRNO	F	0.23%	0.24%	0.23%
TRUP	B	0.05%	0.12%	0.05%
TWST	F	0.09%	0.14%	0.09%
TXRH	B	0.53%	0.05%	0.05%
UCTT	D	0.06%	0.54%	0.06%
UEC	B	0.13%	0.06%	0.06%
UFPI	C	0.18%	0.03%	0.03%
UHT	D	0.01%	0.05%	0.01%
URBN	C	0.04%	0.08%	0.04%
USLM	A	0.06%	0.12%	0.06%
VCEL	B	0.11%	0.03%	0.03%
VCTR	B	0.06%	0.04%	0.04%
VCYT	B	0.12%	0.15%	0.12%
VERA	C	0.08%	0.02%	0.02%
VICR	C	0.05%	0.33%	0.05%
VMEO	B	0.04%	0.5%	0.04%
VRE	B	0.03%	0.14%	0.03%
VREX	B	0.01%	0.35%	0.01%
VRTS	B	0.03%	0.15%	0.03%
WEAV	C	0.02%	0.06%	0.02%
WFRD	D	0.25%	0.04%	0.04%
WK	B	0.19%	0.29%	0.19%
WMK	C	0.01%	0.07%	0.01%
WS	C	0.02%	0.13%	0.02%
WSR	A	0.01%	0.13%	0.01%
WT	A	0.03%	0.58%	0.03%
WTS	B	0.23%	0.41%	0.23%
WVE	C	0.05%	0.07%	0.05%
XNCR	B	0.07%	0.02%	0.02%
YELP	C	0.05%	0.57%	0.05%
YEXT	B	0.04%	0.29%	0.04%
YMAB	F	0.01%	0.02%	0.01%
YOU	D	0.09%	0.31%	0.09%
ZIP	D	0.02%	0.04%	0.02%
ZNTL	F	0.0%	0.04%	0.0%
ZUO	B	0.06%	0.21%	0.06%

ISCG Overweight 697 Positions Relative to FESM

Symbol	Grade	Weight
TOST	B	0.71%
FTAI	A	0.69%
GWRE	A	0.67%
COHR	B	0.64%
SOFI	B	0.61%
AFRM	A	0.6%
CW	C	0.57%
ITT	A	0.51%
BWXT	B	0.49%
OWL	A	0.48%
DUOL	A	0.48%
NCLH	B	0.46%
CUBE	C	0.45%
MUSA	B	0.43%
CTLT	C	0.43%
EXP	B	0.42%
IOT	A	0.42%
KNSL	B	0.42%
EXEL	B	0.41%
CAVA	B	0.41%
WWD	C	0.4%
ARMK	B	0.4%
EHC	B	0.4%
BRBR	A	0.39%
RBC	A	0.38%
TKO	A	0.38%
AAON	B	0.37%
DCI	B	0.37%
MTZ	B	0.36%
PEN	B	0.36%
ROKU	D	0.36%
BILL	A	0.35%
PLNT	A	0.35%
PCTY	C	0.35%
CHE	D	0.34%
EGP	D	0.34%
MTCH	D	0.33%
SKX	D	0.33%
NYT	D	0.33%
ITCI	C	0.33%
SMAR	B	0.32%
SPXC	A	0.32%
OLED	F	0.32%
KBR	F	0.32%
S	B	0.31%
ATR	B	0.31%
ESTC	C	0.31%
SSD	F	0.31%
HLNE	B	0.31%
GTLS	A	0.3%
TREX	C	0.3%
FCN	F	0.29%
RYAN	A	0.29%
FRPT	A	0.29%
GTLB	B	0.29%
RLI	A	0.29%
MTSI	B	0.29%
RGEN	D	0.28%
MOD	A	0.28%
WSC	F	0.28%
TPX	B	0.28%
CACI	D	0.28%
AWI	A	0.28%
AZEK	A	0.28%
GNTX	C	0.28%
AYI	B	0.28%
CFLT	B	0.27%
RHP	B	0.27%
FR	D	0.27%
CWST	A	0.27%
APG	B	0.27%
LSCC	D	0.27%
BFAM	D	0.26%
CART	C	0.26%
DOCS	C	0.26%
MKTX	D	0.26%
CGNX	D	0.26%
ELF	C	0.26%
KRG	B	0.25%
CR	A	0.25%
STRL	A	0.25%
REXR	F	0.25%
FOUR	A	0.25%
PRI	B	0.25%
SEIC	B	0.25%
HLI	A	0.24%
SUM	B	0.24%
GMED	A	0.24%
NOVT	D	0.24%
LFUS	D	0.24%
OLLI	D	0.23%
VRNS	D	0.23%
RGLD	C	0.23%
LBRDK	C	0.23%
SKY	A	0.23%
PATH	C	0.23%
AXTA	B	0.23%
ZWS	B	0.23%
RL	C	0.22%
MARA	B	0.22%
KNX	C	0.22%
IONQ	B	0.22%
VKTX	F	0.22%
UPST	B	0.22%
EDR	A	0.22%
AVAV	C	0.22%
CHWY	B	0.21%
HCP	B	0.21%
INSP	D	0.21%
RDNT	B	0.21%
BE	B	0.2%
EXPO	D	0.2%
H	B	0.2%
RHI	C	0.2%
BOX	B	0.2%
TTC	C	0.2%
FRT	B	0.2%
GNRC	C	0.2%
HXL	F	0.2%
KEX	B	0.2%
ESAB	C	0.2%
APPF	B	0.2%
LAMR	C	0.2%
IONS	F	0.2%
MLI	B	0.2%
CIEN	C	0.2%
VVV	D	0.2%
LOPE	C	0.19%
IDCC	B	0.19%
KAI	B	0.19%
FIVE	F	0.19%
JEF	A	0.19%
FLS	B	0.19%
PRCT	B	0.18%
WMG	D	0.18%
MASI	B	0.18%
WEX	D	0.18%
ZETA	D	0.17%
GPK	C	0.17%
CBT	D	0.17%
CHH	A	0.17%
CWAN	B	0.17%
PI	D	0.17%
JLL	D	0.17%
DLB	B	0.17%
FELE	B	0.17%
ORA	B	0.17%
VRRM	F	0.16%
SITM	B	0.16%
CCCS	B	0.16%
ALSN	B	0.16%
BROS	A	0.16%
NOV	C	0.16%
ROAD	B	0.16%
VNT	C	0.15%
PEGA	B	0.15%
EPRT	B	0.15%
GME	C	0.15%
NNN	C	0.15%
CBZ	B	0.15%
MTN	C	0.15%
AI	B	0.15%
MSA	F	0.15%
CVCO	A	0.15%
SITE	F	0.15%
WDFC	B	0.15%
ETSY	D	0.15%
RARE	F	0.15%
BHVN	D	0.15%
WTM	A	0.14%
ITGR	B	0.14%
MIDD	C	0.14%
ACHC	F	0.14%
NHI	D	0.14%
MIR	A	0.14%
SMPL	B	0.14%
POST	C	0.14%
CLF	F	0.14%
RDDT	A	0.14%
RIOT	C	0.14%
APLE	B	0.14%
LITE	B	0.13%
HRB	D	0.13%
ADC	A	0.13%
CLSK	C	0.13%
SLAB	F	0.13%
THG	A	0.13%
HAS	D	0.13%
ACVA	B	0.13%
INGR	C	0.13%
R	B	0.13%
COLD	D	0.13%
TPG	A	0.13%
EVR	B	0.13%
SG	B	0.13%
ALV	C	0.13%
NXT	C	0.13%
BRX	A	0.13%
AGO	B	0.13%
AGYS	A	0.12%
LPX	B	0.12%
RELY	B	0.12%
MGRC	B	0.12%
IOSP	C	0.12%
BWIN	C	0.12%
CZR	F	0.12%
SAM	C	0.12%
HRI	C	0.12%
LSTR	D	0.12%
LRN	A	0.12%
RH	C	0.12%
POWL	C	0.12%
IRDM	D	0.12%
VOYA	B	0.12%
CARG	B	0.12%
NCNO	C	0.12%
TKR	D	0.11%
IRT	A	0.11%
FCFS	F	0.11%
ALTM	B	0.11%
CFR	B	0.11%
CNS	B	0.11%
GAP	C	0.11%
AMG	B	0.11%
PRIM	A	0.11%
DBX	B	0.11%
TMDX	F	0.11%
GSHD	A	0.11%
OII	B	0.11%
THO	B	0.11%
STAG	D	0.11%
LIVN	F	0.11%
FIVN	C	0.11%
FRSH	B	0.11%
DV	C	0.11%
GXO	B	0.11%
FROG	C	0.1%
APLS	F	0.1%
JBT	B	0.1%
ESI	B	0.1%
MAT	D	0.1%
ALGM	D	0.1%
RDN	D	0.1%
MYRG	B	0.1%
RPD	B	0.1%
KLIC	B	0.1%
HOMB	A	0.1%
BIO	C	0.1%
SPB	C	0.1%
AL	B	0.1%
SAIC	F	0.1%
PAR	A	0.1%
MKSI	C	0.1%
PLMR	A	0.1%
IESC	C	0.1%
NPO	A	0.1%
VERX	A	0.1%
NSIT	F	0.09%
WHD	B	0.09%
UFPT	C	0.09%
RYN	D	0.09%
STRA	C	0.09%
BRZE	C	0.09%
CNX	A	0.09%
WULF	C	0.09%
RCM	A	0.09%
BC	C	0.09%
DORM	B	0.09%
MSGS	A	0.09%
GATX	A	0.09%
WH	B	0.09%
EBC	B	0.09%
PRVA	C	0.09%
KWR	C	0.09%
OSK	C	0.09%
IPAR	B	0.09%
LYFT	C	0.09%
SPR	D	0.09%
GVA	A	0.09%
ACLS	F	0.09%
EEFT	B	0.09%
PIPR	A	0.09%
AZTA	D	0.08%
MNKD	C	0.08%
POR	C	0.08%
IDA	A	0.08%
SYNA	C	0.08%
CRUS	D	0.08%
BATRK	D	0.08%
ICUI	D	0.08%
AVDX	B	0.08%
ALG	B	0.08%
CALX	D	0.08%
JOE	F	0.08%
AEIS	C	0.08%
YETI	D	0.08%
VAL	F	0.08%
IBOC	B	0.08%
VSEC	C	0.08%
LEA	F	0.08%
LCID	F	0.08%
SHO	D	0.08%
KFY	B	0.08%
FRHC	B	0.08%
MSM	C	0.07%
TBBK	B	0.07%
CTS	C	0.07%
PTEN	C	0.07%
OSIS	A	0.07%
LOB	C	0.07%
ASTH	F	0.07%
RRR	F	0.07%
CROX	D	0.07%
APAM	B	0.07%
CRSP	D	0.07%
MP	C	0.07%
SGRY	F	0.07%
ROG	D	0.07%
TGLS	B	0.07%
UE	B	0.07%
ZI	D	0.07%
MMS	F	0.07%
AM	A	0.07%
ASH	F	0.07%
TDC	D	0.07%
ATGE	B	0.07%
ALKT	B	0.07%
OSW	B	0.07%
MGEE	B	0.07%
ENV	B	0.07%
ATKR	D	0.06%
INFA	D	0.06%
EVH	F	0.06%
COCO	A	0.06%
NSA	C	0.06%
DRS	B	0.06%
LNN	B	0.06%
WRBY	A	0.06%
HASI	D	0.06%
SBCF	B	0.06%
MIRM	B	0.06%
POWI	F	0.06%
MBLY	C	0.06%
MSGE	F	0.06%
WSFS	B	0.06%
JJSF	C	0.06%
PSMT	D	0.06%
SMG	C	0.06%
TDW	F	0.06%
TRIP	F	0.06%
RXST	F	0.06%
SONO	C	0.06%
XHR	B	0.06%
UNF	B	0.06%
SXI	B	0.06%
IIPR	D	0.06%
WEN	D	0.06%
AVPT	A	0.06%
AMKR	D	0.06%
COLM	C	0.05%
IMAX	B	0.05%
PRAX	C	0.05%
TFIN	B	0.05%
LOAR	B	0.05%
DGII	C	0.05%
MGNI	B	0.05%
PGNY	F	0.05%
CPK	A	0.05%
WINA	C	0.05%
VIAV	C	0.05%
CENX	B	0.05%
ARCB	C	0.05%
HAYW	B	0.05%
ATEN	A	0.05%
WERN	C	0.05%
RNG	C	0.05%
MODG	F	0.05%
PATK	C	0.05%
COHU	C	0.05%
NEU	D	0.05%
ALIT	C	0.05%
LAUR	A	0.05%
ASAN	B	0.05%
PCH	F	0.05%
HGV	C	0.05%
CWEN	C	0.05%
RVLV	A	0.05%
DOCN	C	0.05%
KVYO	C	0.05%
RAMP	B	0.05%
THRM	F	0.05%
HHH	B	0.05%
HUN	F	0.05%
PPC	C	0.05%
ASGN	F	0.05%
GSAT	C	0.05%
PYCR	B	0.05%
AZZ	A	0.05%
PRM	C	0.04%
UTI	B	0.04%
RLJ	C	0.04%
IVT	A	0.04%
BLND	A	0.04%
AGX	B	0.04%
NHC	C	0.04%
ERII	D	0.04%
KROS	D	0.04%
LZ	C	0.04%
VVI	C	0.04%
LBRDA	C	0.04%
CLB	B	0.04%
GOLF	B	0.04%
XPEL	B	0.04%
FTRE	D	0.04%
IPGP	D	0.04%
TRNS	D	0.04%
ESTA	D	0.04%
SHOO	F	0.04%
AMR	C	0.04%
SLNO	C	0.04%
SYM	C	0.04%
SHC	F	0.04%
HEES	C	0.04%
NEO	C	0.04%
BNL	D	0.04%
ATEC	C	0.04%
LCII	C	0.04%
GDYN	B	0.04%
LC	A	0.04%
AVDL	F	0.04%
STAA	F	0.04%
NFE	D	0.04%
ICHR	C	0.04%
AAP	D	0.04%
ARDX	F	0.04%
HUT	C	0.04%
HRMY	D	0.04%
ULS	B	0.04%
SYBT	B	0.04%
PZZA	F	0.04%
IAC	F	0.04%
PLUS	F	0.04%
ALEX	B	0.04%
CERT	F	0.04%
RBRK	A	0.04%
JOBY	B	0.04%
VECO	F	0.04%
QNST	B	0.04%
UPWK	B	0.03%
TALO	C	0.03%
CMCO	C	0.03%
BLFS	C	0.03%
NIC	B	0.03%
VRDN	D	0.03%
AMWD	C	0.03%
PRDO	B	0.03%
SDGR	C	0.03%
KGS	A	0.03%
ACHR	B	0.03%
BJRI	C	0.03%
PUBM	C	0.03%
INFN	D	0.03%
CHCO	B	0.03%
AIOT	B	0.03%
CHEF	A	0.03%
NX	C	0.03%
WTTR	A	0.03%
AUPH	B	0.03%
NTST	C	0.03%
VSTS	C	0.03%
CWH	B	0.03%
UDMY	D	0.03%
LBPH	A	0.03%
ROIC	A	0.03%
HLIO	B	0.03%
PWP	B	0.03%
CDRE	F	0.03%
INDI	C	0.03%
UMH	B	0.03%
AKR	B	0.03%
SAVA	C	0.03%
HAYN	A	0.03%
IAS	C	0.03%
USPH	B	0.03%
CGON	F	0.03%
DFIN	D	0.03%
HI	C	0.03%
AGM	B	0.03%
AMPL	B	0.03%
NVEE	F	0.03%
GO	C	0.03%
FCPT	C	0.03%
NBBK	B	0.03%
MTTR	B	0.03%
DNOW	B	0.03%
ADNT	F	0.03%
EVTC	B	0.03%
SCL	C	0.03%
MLKN	F	0.03%
UTZ	D	0.03%
VITL	D	0.03%
AMED	F	0.03%
CASH	B	0.03%
TXG	F	0.03%
ASPN	F	0.03%
CCS	D	0.03%
PLUG	F	0.03%
NVCR	C	0.03%
DNUT	F	0.03%
PUMP	C	0.02%
ALNT	C	0.02%
IMXI	B	0.02%
KNSA	F	0.02%
DSGR	C	0.02%
KOP	C	0.02%
GOGO	C	0.02%
FIGS	F	0.02%
EIG	B	0.02%
FNA	B	0.02%
HSII	B	0.02%
KIDS	D	0.02%
ATEX	F	0.02%
REX	D	0.02%
CFB	B	0.02%
OMI	F	0.02%
RPAY	D	0.02%
EVRI	A	0.02%
MMI	C	0.02%
AVO	C	0.02%
VZIO	A	0.02%
BXC	B	0.02%
PACS	F	0.02%
MLR	C	0.02%
IMNM	F	0.02%
SYRE	D	0.02%
RCUS	F	0.02%
BELFB	C	0.02%
ECVT	C	0.02%
OLO	A	0.02%
FC	F	0.02%
EYPT	D	0.02%
ATSG	B	0.02%
BATRA	F	0.02%
WNC	C	0.02%
PTLO	F	0.02%
CARS	C	0.02%
FOXF	F	0.02%
SLP	D	0.02%
IE	C	0.02%
FA	C	0.02%
GABC	B	0.02%
BMBL	C	0.02%
DAWN	D	0.02%
KRUS	B	0.02%
ROOT	B	0.02%
SIBN	F	0.02%
TR	B	0.02%
OEC	C	0.02%
LQDA	F	0.02%
LAB	F	0.02%
RUM	B	0.02%
HCKT	B	0.02%
CWEN	C	0.02%
AIV	C	0.02%
YORW	F	0.02%
MRVI	F	0.02%
FIP	D	0.02%
AESI	B	0.02%
ML	C	0.02%
PEB	D	0.02%
FWRG	C	0.02%
MSEX	C	0.02%
SKWD	A	0.02%
SAFE	F	0.02%
BTSG	C	0.02%
INVX	C	0.02%
GTY	A	0.02%
TGI	B	0.02%
MBIN	F	0.02%
ANDE	D	0.02%
MEG	F	0.02%
DRVN	B	0.02%
BFC	B	0.02%
JBI	F	0.02%
SAFT	B	0.02%
LEU	C	0.02%
TFSL	A	0.02%
RSI	A	0.02%
NN	B	0.02%
KFRC	D	0.02%
REYN	D	0.02%
CLVT	D	0.02%
TLRY	F	0.02%
FSLY	D	0.02%
LQDT	B	0.02%
QCRH	B	0.02%
NOVA	F	0.01%
CTOS	B	0.01%
BOWL	C	0.01%
EWCZ	F	0.01%
ARKO	C	0.01%
CTRI	B	0.01%
PGY	F	0.01%
DNA	F	0.01%
GDRX	F	0.01%
EVER	D	0.01%
PRME	F	0.01%
HBT	B	0.01%
HG	C	0.01%
GCT	C	0.01%
CELC	F	0.01%
STOK	F	0.01%
CGEM	F	0.01%
OFLX	D	0.01%
TNGX	F	0.01%
SEMR	C	0.01%
PLRX	D	0.01%
LESL	D	0.01%
MAX	F	0.01%
ANAB	F	0.01%
ARHS	F	0.01%
NEXT	C	0.01%
ENFN	B	0.01%
TH	C	0.01%
SEDG	F	0.01%
CLBK	C	0.01%
PLOW	D	0.01%
SCVL	F	0.01%
SVV	F	0.01%
FOR	F	0.01%
MTUS	C	0.01%
MLAB	F	0.01%
EVCM	B	0.01%
GDEN	B	0.01%
CSTL	D	0.01%
LAZR	D	0.01%
RUSHB	C	0.01%
AMBC	C	0.01%
NVTS	F	0.01%
GES	F	0.01%
MITK	C	0.01%
FRPH	B	0.01%
FWRD	D	0.01%
MNTK	F	0.01%
NRC	F	0.01%
ULCC	D	0.01%
GOOD	B	0.01%
LFST	B	0.01%
PLYM	F	0.01%
AMPS	C	0.01%
WOLF	F	0.01%
MCW	C	0.01%
DNTH	F	0.01%
CHCT	C	0.01%
TBLA	D	0.01%
IIIN	C	0.01%
EVLV	F	0.01%
TTGT	B	0.01%
EYE	C	0.01%
VERV	F	0.01%
TIPT	C	0.01%
AMRC	F	0.01%
SITC	D	0.01%
RES	D	0.01%
ATXS	F	0.01%
CCB	A	0.01%
CATX	F	0.01%
CASS	C	0.01%
SWBI	C	0.01%
RBCAA	B	0.01%
FPI	B	0.01%
IIIV	C	0.01%
TTI	B	0.01%
PRA	C	0.01%
MGPI	F	0.01%
BOC	C	0.01%
MUX	D	0.01%
TALK	B	0.01%
SWI	C	0.01%
ALXO	F	0.0%
NKLA	F	0.0%
SCLX	F	0.0%
STTK	F	0.0%
CDLX	D	0.0%
DH	F	0.0%
WEST	C	0.0%
ACCD	D	0.0%
BYON	F	0.0%
TYRA	F	0.0%
HPK	B	0.0%
GYRE	D	0.0%
ACTG	D	0.0%
LEGH	D	0.0%
LYEL	F	0.0%
CYRX	F	0.0%
TITN	C	0.0%
CLNE	F	0.0%

ISCG Underweight 278 Positions Relative to FESM

Symbol	Grade	Weight
PAYO	A	-0.69%
LUMN	C	-0.69%
MHO	D	-0.61%
JXN	C	-0.61%
CRGY	B	-0.61%
CSGS	B	-0.6%
MTX	B	-0.59%
NWBI	B	-0.59%
COMP	B	-0.57%
FIX	A	-0.57%
PRG	C	-0.56%
EME	A	-0.56%
FHI	B	-0.52%
UPBD	B	-0.51%
TMHC	C	-0.49%
CODI	B	-0.46%
MTDR	B	-0.41%
GT	C	-0.4%
CBU	B	-0.38%
ABCB	B	-0.37%
TPH	D	-0.36%
CMPR	D	-0.36%
BAND	B	-0.35%
GNW	A	-0.35%
FLR	B	-0.35%
TEX	F	-0.35%
UMBF	B	-0.34%
NMIH	C	-0.34%
SF	B	-0.33%
PFS	B	-0.32%
SWX	B	-0.32%
IGT	F	-0.32%
MTH	D	-0.31%
EGHT	B	-0.29%
SXC	A	-0.29%
CNO	B	-0.28%
WOOF	D	-0.28%
FBP	C	-0.28%
WSBC	B	-0.26%
PRGS	A	-0.26%
CPF	B	-0.24%
BUSE	B	-0.24%
WKC	C	-0.24%
HP	C	-0.24%
FRME	B	-0.23%
CALM	A	-0.23%
MAC	B	-0.23%
HWC	B	-0.22%
CRC	A	-0.22%
RNST	B	-0.22%
KBH	D	-0.21%
AXGN	C	-0.21%
TDS	B	-0.21%
WABC	B	-0.21%
AXL	C	-0.21%
PLAB	C	-0.21%
OI	C	-0.21%
COMM	D	-0.2%
HY	D	-0.2%
UBSI	B	-0.2%
FULT	A	-0.2%
CTRE	C	-0.2%
MUR	D	-0.2%
PBI	B	-0.19%
RNA	C	-0.19%
SBH	C	-0.19%
TRTX	C	-0.18%
CADE	B	-0.18%
BVS	D	-0.18%
XRX	F	-0.18%
BCC	B	-0.17%
PRK	B	-0.17%
OFG	B	-0.16%
SAH	C	-0.16%
STNG	F	-0.16%
BOH	B	-0.16%
DOMO	B	-0.15%
FLXS	B	-0.15%
ETD	C	-0.15%
NFBK	C	-0.15%
UCB	A	-0.15%
TVTX	C	-0.15%
AMSF	B	-0.15%
GEO	B	-0.14%
CPS	C	-0.14%
FBK	C	-0.14%
SLG	B	-0.14%
GHC	B	-0.14%
EWTX	C	-0.14%
CMC	B	-0.13%
SRCE	B	-0.13%
AMRX	C	-0.12%
NRIX	C	-0.12%
ZEUS	C	-0.12%
EAT	A	-0.12%
KREF	C	-0.12%
DK	C	-0.12%
AUB	B	-0.11%
HCAT	D	-0.11%
TREE	F	-0.11%
CDNA	D	-0.11%
VTOL	B	-0.11%
HCI	C	-0.11%
AMSC	B	-0.11%
INSW	F	-0.11%
AUR	C	-0.11%
LYTS	B	-0.11%
KURA	F	-0.1%
SFL	D	-0.1%
SLVM	B	-0.1%
AGS	A	-0.1%
BCRX	D	-0.1%
ODP	F	-0.1%
ALE	A	-0.1%
NGVC	A	-0.1%
INDB	B	-0.1%
LADR	B	-0.1%
FFBC	B	-0.1%
PL	B	-0.09%
VSTO	A	-0.09%
TCMD	B	-0.09%
MRC	B	-0.09%
ACLX	C	-0.09%
VBTX	B	-0.09%
ARQT	B	-0.09%
ACMR	D	-0.09%
EQC	B	-0.09%
TRUE	C	-0.09%
RDFN	D	-0.09%
WGO	C	-0.08%
WSBF	C	-0.08%
BSRR	B	-0.08%
LUNR	B	-0.08%
KOD	B	-0.08%
FDP	B	-0.08%
AKBA	C	-0.08%
CDMO	A	-0.08%
CATY	B	-0.08%
KTB	B	-0.08%
SCS	C	-0.08%
MEDP	D	-0.07%
IRWD	F	-0.07%
OPEN	F	-0.07%
UNIT	B	-0.07%
LGF.A	C	-0.07%
REPL	D	-0.07%
AVD	C	-0.07%
NBTB	B	-0.07%
FISI	B	-0.07%
NTCT	C	-0.07%
ATNI	F	-0.07%
ARAY	C	-0.07%
SNBR	F	-0.07%
PGC	B	-0.07%
CTBI	B	-0.07%
COLL	F	-0.07%
HBI	B	-0.07%
HRTG	C	-0.07%
ADPT	C	-0.07%
EBS	C	-0.07%
DEA	D	-0.07%
CVBF	A	-0.06%
ALHC	C	-0.06%
SGMO	C	-0.06%
ORGO	B	-0.06%
RVNC	F	-0.06%
CERS	D	-0.06%
BGS	F	-0.06%
CTKB	C	-0.06%
CDXS	B	-0.06%
HURC	B	-0.06%
BKD	F	-0.06%
RM	C	-0.06%
NUVB	C	-0.06%
LGF.A	C	-0.05%
UVE	B	-0.05%
CCCC	F	-0.05%
NPAB	F	-0.05%
PTON	A	-0.05%
PAHC	C	-0.05%
ANNX	F	-0.05%
DAKT	C	-0.05%
LPG	F	-0.05%
VNDA	C	-0.05%
OPY	B	-0.05%
HNST	A	-0.05%
BY	B	-0.05%
STBA	B	-0.05%
OIS	B	-0.05%
ERAS	C	-0.05%
EE	A	-0.05%
IART	C	-0.05%
LPSN	F	-0.04%
STRO	F	-0.04%
CSR	B	-0.04%
BLBD	D	-0.04%
UNFI	A	-0.04%
ALLK	D	-0.04%
KALV	F	-0.04%
MSBI	B	-0.04%
KLG	B	-0.04%
DSGN	C	-0.04%
BRSP	C	-0.04%
ALX	D	-0.04%
ETNB	C	-0.04%
BECN	B	-0.04%
BEAM	D	-0.03%
ENTA	F	-0.03%
PDCO	F	-0.03%
PKE	B	-0.03%
TSHA	C	-0.03%
RLMD	F	-0.03%
GIII	D	-0.03%
RMAX	C	-0.03%
ANIK	D	-0.03%
MED	D	-0.03%
MBWM	B	-0.03%
SHEN	F	-0.03%
FSTR	B	-0.03%
HUMA	F	-0.03%
TSVT	F	-0.03%
PRTS	C	-0.03%
EDIT	F	-0.03%
CWCO	C	-0.03%
UVSP	B	-0.03%
FNKO	D	-0.03%
BDTX	F	-0.03%
ASC	F	-0.03%
ARRY	F	-0.03%
VSCO	C	-0.03%
TERN	F	-0.03%
MGNX	F	-0.03%
VYGR	F	-0.03%
BHLB	B	-0.03%
FATE	F	-0.03%
HRTX	F	-0.03%
CCBG	B	-0.02%
ANGO	C	-0.02%
CTMX	F	-0.02%
EB	C	-0.02%
SSTK	F	-0.02%
DIN	C	-0.02%
ONTF	C	-0.02%
TNYA	D	-0.02%
NKTR	F	-0.02%
PGEN	F	-0.02%
ZIMV	D	-0.02%
ALT	C	-0.02%
CRBU	D	-0.02%
UPLD	B	-0.02%
NKTX	F	-0.02%
ABUS	D	-0.02%
MCB	B	-0.02%
TCBK	C	-0.02%
ONB	C	-0.02%
SPOK	B	-0.02%
MRSN	D	-0.02%
PBYI	C	-0.02%
ACET	F	-0.02%
TSE	F	-0.02%
PRAA	D	-0.02%
DOC	C	-0.02%
KPTI	D	-0.02%
FCF	B	-0.02%
HROW	D	-0.02%
GCI	D	-0.02%
BRY	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%
ADAP	F	-0.01%
CHRS	D	-0.01%
XBIT	F	-0.01%
SUPN	C	-0.01%
RCKY	F	-0.01%