ISCG vs. QVMM ETF Comparison

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

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

$44.97

Average Daily Volume

29,205

Number of Holdings ^*

992

* 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 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). 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 ® 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

$26.98

Average Daily Volume

3,260

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

Performance

Period	ISCG	QVMM
30 Days	-1.58%	-2.16%
60 Days	1.80%	0.68%
90 Days	-3.27%	-3.74%
12 Months	13.56%	16.93%

178 Overlapping Holdings

	Symbol	Grade	Weight in ISCG	Weight in QVMM	Overlap
	ACHC	D	0.3%	0.26%	0.26%
	ADC	B	0.12%	0.25%	0.12%
	AIRC	A	0.14%	0.24%	0.14%
	ALGM	F	0.1%	0.09%	0.09%
	ALV	D	0.24%	0.36%	0.24%
	AM	A	0.09%	0.21%	0.09%
	AMG	C	0.08%	0.22%	0.08%
	AMKR	B	0.11%	0.14%	0.11%
	ARMK	A	0.4%	0.37%	0.37%
	ASGN	D	0.07%	0.18%	0.07%
	ASH	C	0.09%	0.21%	0.09%
	ATR	C	0.32%	0.41%	0.32%
	AVNT	D	0.08%	0.17%	0.08%
	AXTA	C	0.18%	0.34%	0.18%
	AYI	D	0.21%	0.33%	0.21%
	AZTA	C	0.14%	0.14%	0.14%
	BC	F	0.08%	0.22%	0.08%
	BCO	A	0.15%	0.19%	0.15%
	BDC	B	0.12%	0.17%	0.12%
	BLD	D	0.29%	0.57%	0.29%
	BLKB	D	0.16%	0.14%	0.14%
	BRBR	C	0.35%	0.3%	0.3%
	BRX	B	0.13%	0.29%	0.13%
	BWXT	B	0.25%	0.34%	0.25%
	BYD	D	0.1%	0.17%	0.1%
	CACI	A	0.23%	0.41%	0.23%
	CFR	D	0.1%	0.26%	0.1%
	CHX	C	0.29%	0.26%	0.26%
	CIEN	D	0.21%	0.28%	0.21%
	CNM	D	0.24%	0.36%	0.24%
	CNX	C	0.1%	0.17%	0.1%
	COKE	A	0.22%	0.21%	0.21%
	COLM	C	0.08%	0.12%	0.08%
	CR	B	0.19%	0.3%	0.19%
	CROX	B	0.19%	0.42%	0.19%
	CRUS	A	0.11%	0.29%	0.11%
	CVLT	A	0.12%	0.21%	0.12%
	CW	B	0.51%	0.43%	0.43%
	DAR	D	0.17%	0.25%	0.17%
	DBX	D	0.25%	0.23%	0.23%
	DCI	D	0.41%	0.38%	0.38%
	DLB	F	0.22%	0.2%	0.2%
	DOCS	C	0.15%	0.15%	0.15%
	EEFT	D	0.13%	0.2%	0.13%
	EGP	C	0.37%	0.32%	0.32%
	EHC	B	0.28%	0.36%	0.28%
	ELF	B	0.51%	0.48%	0.48%
	ENS	C	0.11%	0.18%	0.11%
	EPR	C	0.05%	0.13%	0.05%
	ESAB	D	0.14%	0.23%	0.14%
	EVR	B	0.13%	0.28%	0.13%
	EXEL	B	0.32%	0.29%	0.29%
	EXLS	C	0.23%	0.2%	0.2%
	EXP	D	0.25%	0.34%	0.25%
	EXPO	B	0.23%	0.21%	0.21%
	FCN	C	0.35%	0.32%	0.32%
	FFIN	D	0.08%	0.15%	0.08%
	FHI	C	0.06%	0.11%	0.06%
	FIX	C	0.55%	0.49%	0.49%
	FLR	B	0.36%	0.33%	0.33%
	FLS	C	0.3%	0.27%	0.27%
	FR	C	0.27%	0.27%	0.27%
	G	D	0.1%	0.23%	0.1%
	GATX	C	0.07%	0.2%	0.07%
	GME	C	0.12%	0.32%	0.12%
	GMED	A	0.37%	0.33%	0.33%
	GNTX	D	0.38%	0.34%	0.34%
	GO	D	0.07%	0.09%	0.07%
	GPK	C	0.23%	0.36%	0.23%
	GPS	C	0.14%	0.24%	0.14%
	GXO	F	0.17%	0.26%	0.17%
	H	B	0.17%	0.28%	0.17%
	HAE	D	0.21%	0.18%	0.18%
	HGV	D	0.08%	0.12%	0.08%
	HLI	C	0.2%	0.29%	0.2%
	HOMB	C	0.11%	0.18%	0.11%
	HQY	B	0.34%	0.32%	0.32%
	HRB	A	0.18%	0.31%	0.18%
	HTZ	F	0.01%	0.02%	0.01%
	HXL	D	0.26%	0.23%	0.23%
	IART	D	0.04%	0.08%	0.04%
	IDA	D	0.1%	0.2%	0.1%
	INGR	D	0.13%	0.33%	0.13%
	IPGP	F	0.06%	0.11%	0.06%
	IRT	A	0.09%	0.16%	0.09%
	ITT	D	0.36%	0.46%	0.36%
	JEF	B	0.2%	0.32%	0.2%
	JLL	B	0.18%	0.43%	0.18%
	KEX	B	0.21%	0.3%	0.21%
	KNSL	F	0.42%	0.35%	0.35%
	KRG	B	0.23%	0.21%	0.21%
	LAMR	B	0.18%	0.41%	0.18%
	LANC	D	0.13%	0.16%	0.13%
	LEA	F	0.19%	0.3%	0.19%
	LFUS	C	0.31%	0.28%	0.28%
	LIVN	C	0.14%	0.13%	0.13%
	LNTH	B	0.27%	0.25%	0.25%
	LNW	B	0.43%	0.36%	0.36%
	LOPE	D	0.18%	0.18%	0.18%
	LPX	C	0.12%	0.25%	0.12%
	LSTR	B	0.13%	0.29%	0.13%
	MAT	F	0.11%	0.26%	0.11%
	MEDP	B	0.45%	0.38%	0.38%
	MIDD	D	0.16%	0.29%	0.16%
	MMS	B	0.12%	0.22%	0.12%
	MSA	C	0.33%	0.28%	0.28%
	MSM	D	0.1%	0.17%	0.1%
	MTSI	B	0.28%	0.23%	0.23%
	MTZ	B	0.18%	0.24%	0.18%
	MUSA	A	0.47%	0.41%	0.41%
	NEU	D	0.11%	0.16%	0.11%
	NJR	C	0.07%	0.17%	0.07%
	NOV	C	0.24%	0.3%	0.24%
	NOVT	C	0.28%	0.25%	0.25%
	NSP	F	0.15%	0.14%	0.14%
	NVST	F	0.05%	0.13%	0.05%
	NVT	C	0.39%	0.57%	0.39%
	NYT	B	0.37%	0.36%	0.36%
	OLED	B	0.47%	0.4%	0.4%
	OLLI	B	0.29%	0.24%	0.24%
	OLN	D	0.14%	0.26%	0.14%
	ONTO	B	0.52%	0.46%	0.46%
	OPCH	D	0.24%	0.21%	0.21%
	OSK	D	0.19%	0.3%	0.19%
	PCH	F	0.07%	0.13%	0.07%
	PEN	F	0.31%	0.29%	0.29%
	PGNY	F	0.1%	0.1%	0.1%
	PII	F	0.06%	0.18%	0.06%
	POST	C	0.1%	0.22%	0.1%
	POWI	D	0.09%	0.18%	0.09%
	PRI	B	0.28%	0.33%	0.28%
	QLYS	D	0.24%	0.23%	0.23%
	R	B	0.11%	0.23%	0.11%
	RBC	C	0.36%	0.35%	0.35%
	RGEN	F	0.28%	0.28%	0.28%
	RGLD	C	0.22%	0.32%	0.22%
	RLI	D	0.17%	0.24%	0.17%
	RMBS	F	0.28%	0.25%	0.25%
	SAIC	D	0.11%	0.26%	0.11%
	SAM	C	0.14%	0.12%	0.12%
	SEIC	C	0.21%	0.28%	0.21%
	SFM	A	0.2%	0.33%	0.2%
	SIGI	F	0.13%	0.24%	0.13%
	SKX	B	0.47%	0.43%	0.43%
	SLAB	F	0.17%	0.16%	0.16%
	SRCL	B	0.11%	0.24%	0.11%
	SSD	D	0.35%	0.3%	0.3%
	ST	D	0.1%	0.26%	0.1%
	STAG	C	0.16%	0.27%	0.16%
	SWN	D	0.13%	0.34%	0.13%
	SYNA	D	0.11%	0.16%	0.11%
	TCBI	D	0.05%	0.11%	0.05%
	TDC	D	0.16%	0.13%	0.13%
	TEX	D	0.1%	0.16%	0.1%
	TGNA	D	0.05%	0.11%	0.05%
	THG	D	0.21%	0.19%	0.19%
	THO	F	0.11%	0.26%	0.11%
	TKR	D	0.12%	0.23%	0.12%
	TPX	D	0.27%	0.37%	0.27%
	TREX	F	0.44%	0.39%	0.39%
	TTEK	B	0.53%	0.47%	0.47%
	TXRH	A	0.54%	0.49%	0.49%
	UFPI	D	0.19%	0.31%	0.19%
	VAL	C	0.09%	0.2%	0.09%
	VC	F	0.14%	0.12%	0.12%
	VMI	B	0.15%	0.25%	0.15%
	VOYA	B	0.13%	0.32%	0.13%
	VVV	B	0.26%	0.25%	0.25%
	WEN	F	0.09%	0.12%	0.09%
	WEX	D	0.2%	0.31%	0.2%
	WFRD	C	0.4%	0.34%	0.34%
	WH	C	0.12%	0.27%	0.12%
	WMS	C	0.56%	0.51%	0.51%
	WTS	D	0.24%	0.23%	0.23%
	WWD	B	0.49%	0.46%	0.46%
	YETI	C	0.12%	0.17%	0.12%
	ZD	C	0.03%	0.11%	0.03%
	ZI	F	0.16%	0.16%	0.16%

ISCG Overweight 814 Positions Relative to QVMM

	Symbol	Grade	Weight
	MSTR	B	1.01%
	NTRA	B	0.62%
	WING	B	0.55%
	SRPT	B	0.53%
	HOOD	B	0.52%
	TOST	C	0.47%
	CTLT	B	0.47%
	FN	B	0.43%
	ESTC	C	0.42%
	INSM	A	0.41%
	APG	B	0.4%
	CGNX	B	0.39%
	ITCI	B	0.37%
	AIT	C	0.35%
	GWRE	A	0.34%
	ATI	D	0.33%
	SPSC	B	0.32%
	HALO	A	0.32%
	ENSG	B	0.32%
	AZEK	D	0.32%
	OWL	C	0.31%
	SPXC	B	0.31%
	FTAI	A	0.31%
	PLNT	B	0.3%
	ROKU	F	0.3%
	FRPT	B	0.29%
	GTLS	C	0.29%
	BPMC	B	0.28%
	SITE	F	0.28%
	ANF	C	0.28%
	SMAR	B	0.27%
	CWST	B	0.27%
	TKO	B	0.27%
	SOFI	F	0.27%
	AVAV	C	0.27%
	BFAM	C	0.26%
	AAON	C	0.26%
	BMI	C	0.26%
	RYAN	B	0.26%
	CFLT	F	0.26%
	VKTX	D	0.25%
	ALTR	B	0.25%
	GKOS	B	0.25%
	CYTK	F	0.25%
	EDR	A	0.24%
	INSP	F	0.24%
	IOT	D	0.24%
	TRNO	C	0.24%
	FSS	D	0.24%
	MMSI	B	0.23%
	BCPC	B	0.23%
	APPF	B	0.23%
	PATH	D	0.23%
	FORM	B	0.22%
	FRT	D	0.22%
	TMDX	B	0.22%
	RVMD	B	0.22%
	TENB	D	0.22%
	CRS	B	0.22%
	MARA	C	0.22%
	VRNS	C	0.22%
	S	D	0.21%
	HLNE	C	0.21%
	ACLS	B	0.21%
	ZWS	D	0.21%
	VRRM	B	0.21%
	AIZ	D	0.21%
	ITRI	C	0.21%
	ROIV	C	0.2%
	COLD	C	0.2%
	FCFS	D	0.2%
	COHR	B	0.2%
	KRYS	B	0.2%
	SUM	D	0.2%
	SKY	D	0.19%
	APLS	F	0.19%
	FELE	D	0.19%
	NXT	C	0.19%
	RDNT	C	0.19%
	ALKS	D	0.19%
	WMG	D	0.19%
	FOUR	C	0.19%
	CSWI	B	0.19%
	RL	B	0.18%
	CRDO	A	0.18%
	HCP	A	0.18%
	ORA	C	0.18%
	GTLB	F	0.18%
	GNRC	D	0.17%
	PCVX	B	0.17%
	WK	F	0.17%
	NEOG	C	0.17%
	CBZ	D	0.17%
	BOX	D	0.17%
	STRL	C	0.17%
	AGO	C	0.16%
	RHP	D	0.16%
	GH	C	0.16%
	SMPL	B	0.16%
	APLE	D	0.16%
	QTWO	C	0.16%
	CLSK	C	0.16%
	SHAK	D	0.16%
	PI	C	0.16%
	AXNX	B	0.16%
	AWI	D	0.16%
	PSN	B	0.16%
	CHWY	B	0.15%
	WTM	B	0.15%
	MSGS	C	0.15%
	KAI	B	0.15%
	CHH	B	0.15%
	WHD	B	0.15%
	JBT	C	0.15%
	CERE	D	0.15%
	AAL	F	0.15%
	IRTC	C	0.15%
	SKYW	B	0.15%
	AFRM	B	0.15%
	IDCC	B	0.14%
	MOG.A	C	0.14%
	DY	C	0.14%
	BROS	A	0.14%
	HIMS	C	0.14%
	FIVN	F	0.14%
	KTOS	C	0.14%
	MLI	C	0.14%
	ALRM	D	0.14%
	WDFC	D	0.14%
	AWR	D	0.13%
	IBP	D	0.13%
	TWST	C	0.13%
	SPB	C	0.13%
	AI	C	0.13%
	MOD	C	0.13%
	AXSM	B	0.13%
	IONS	B	0.13%
	TDW	D	0.13%
	CRNX	D	0.13%
	GVA	B	0.13%
	MASI	B	0.13%
	BE	C	0.13%
	IRDM	F	0.13%
	ARWR	C	0.13%
	CVCO	D	0.13%
	ACVA	C	0.12%
	ADMA	B	0.12%
	ICUI	C	0.12%
	ZETA	B	0.12%
	ROAD	C	0.12%
	PJT	B	0.12%
	RCM	B	0.12%
	SG	C	0.12%
	EVH	F	0.12%
	FROG	C	0.12%
	ACIW	A	0.12%
	KLIC	C	0.12%
	NSIT	B	0.12%
	TRN	B	0.12%
	PRFT	B	0.12%
	PRCT	C	0.12%
	OSCR	D	0.12%
	MGRC	D	0.12%
	AEO	C	0.11%
	CLDX	C	0.11%
	MTRN	D	0.11%
	NARI	C	0.11%
	SWTX	F	0.11%
	ACA	C	0.11%
	MYRG	D	0.11%
	RIOT	D	0.11%
	IAC	F	0.11%
	RPD	D	0.11%
	UEC	F	0.11%
	ROG	C	0.11%
	IDYA	D	0.11%
	ITGR	D	0.11%
	EPRT	B	0.11%
	CRVL	C	0.11%
	KWR	D	0.11%
	MKSI	B	0.11%
	YELP	F	0.11%
	DV	D	0.11%
	PEGA	C	0.11%
	BECN	C	0.11%
	CWAN	C	0.11%
	AEIS	C	0.11%
	DNLI	B	0.11%
	RYTM	B	0.1%
	JOBY	D	0.1%
	PTEN	D	0.1%
	FRSH	F	0.1%
	IPAR	C	0.1%
	MIR	C	0.1%
	MBLY	F	0.1%
	MQ	D	0.1%
	CNMD	F	0.1%
	CALX	C	0.1%
	SITM	B	0.1%
	ROCK	D	0.1%
	EPAC	B	0.1%
	FOXF	C	0.1%
	PECO	C	0.1%
	VCEL	C	0.1%
	WOLF	D	0.1%
	BWIN	B	0.1%
	LRN	B	0.1%
	MODG	C	0.1%
	OII	C	0.1%
	CARG	B	0.1%
	AGYS	B	0.1%
	SEM	A	0.1%
	BL	D	0.1%
	BATRK	C	0.09%
	MDGL	B	0.09%
	ATKR	F	0.09%
	FUL	C	0.09%
	RARE	F	0.09%
	JJSF	B	0.09%
	FOLD	D	0.09%
	AVDX	C	0.09%
	ENV	C	0.09%
	CNS	B	0.09%
	PD	C	0.09%
	UFPT	B	0.09%
	JOE	D	0.09%
	SFBS	D	0.09%
	NCNO	B	0.09%
	KFY	B	0.09%
	MWA	B	0.09%
	PLMR	D	0.09%
	CORT	B	0.09%
	AGL	D	0.09%
	SQSP	A	0.09%
	SVV	F	0.09%
	SEDG	F	0.09%
	TRIP	F	0.09%
	STAA	C	0.09%
	TXG	F	0.09%
	RIG	F	0.08%
	PLUG	F	0.08%
	CAVA	B	0.08%
	BRC	B	0.08%
	PWSC	C	0.08%
	RELY	F	0.08%
	LYFT	F	0.08%
	SNDX	D	0.08%
	ICFI	C	0.08%
	CTS	B	0.08%
	BRZE	F	0.08%
	SGRY	F	0.08%
	LMAT	B	0.08%
	TBBK	C	0.08%
	MATX	A	0.08%
	EXTR	C	0.08%
	NSA	B	0.08%
	MGY	C	0.08%
	THRM	F	0.08%
	ALTM	F	0.08%
	IOSP	D	0.08%
	ASTH	C	0.08%
	TNET	D	0.08%
	PLXS	C	0.08%
	DRH	D	0.08%
	STRA	D	0.08%
	AGIO	B	0.08%
	NSSC	B	0.08%
	OTTR	D	0.08%
	ATGE	B	0.08%
	ACAD	D	0.08%
	PTGX	C	0.08%
	HRI	D	0.08%
	IMVT	D	0.08%
	RYN	C	0.08%
	RH	F	0.08%
	SXT	C	0.08%
	HURN	C	0.08%
	NPO	D	0.08%
	NFE	F	0.08%
	BOOT	B	0.08%
	ADUS	A	0.08%
	AMR	F	0.08%
	ALG	F	0.08%
	WIRE	B	0.08%
	HWKN	A	0.08%
	PRVA	F	0.08%
	SONO	F	0.08%
	GSHD	F	0.07%
	LCII	F	0.07%
	FRHC	B	0.07%
	SKT	D	0.07%
	RCKT	C	0.07%
	UNF	F	0.07%
	ASPN	C	0.07%
	RXRX	C	0.07%
	REZI	D	0.07%
	YOU	B	0.07%
	EVBG	C	0.07%
	AIN	D	0.07%
	OSIS	D	0.07%
	ASO	F	0.07%
	FLYW	F	0.07%
	DVAX	F	0.07%
	STEP	B	0.07%
	UCTT	B	0.07%
	URBN	B	0.07%
	SANM	B	0.07%
	CERT	F	0.07%
	CEIX	B	0.07%
	AX	C	0.07%
	RLJ	D	0.07%
	AMPH	D	0.07%
	MGEE	D	0.07%
	COHU	C	0.07%
	VCYT	C	0.07%
	CCCS	C	0.07%
	HLX	C	0.07%
	XHR	D	0.07%
	PRIM	B	0.07%
	SPT	F	0.07%
	MGNI	C	0.07%
	APAM	C	0.07%
	UPST	F	0.07%
	VERX	B	0.07%
	IONQ	F	0.06%
	CALM	B	0.06%
	AZZ	C	0.06%
	SITC	B	0.06%
	KROS	F	0.06%
	WRBY	C	0.06%
	NTST	D	0.06%
	CRAI	B	0.06%
	BHVN	D	0.06%
	BEAM	C	0.06%
	HLIT	B	0.06%
	PAR	B	0.06%
	DORM	B	0.06%
	PRO	D	0.06%
	RUSHA	D	0.06%
	LITE	B	0.06%
	BNL	B	0.06%
	OSW	B	0.06%
	ZUO	D	0.06%
	AROC	C	0.06%
	RXO	A	0.06%
	SHC	C	0.06%
	ARLO	C	0.06%
	LNN	D	0.06%
	RXST	D	0.06%
	UPWK	D	0.06%
	RKLB	B	0.06%
	INSW	B	0.06%
	LAUR	D	0.06%
	NVEE	F	0.06%
	FTDR	C	0.06%
	ARDX	F	0.06%
	DIOD	D	0.06%
	MNKD	B	0.06%
	KYMR	D	0.06%
	CWT	D	0.06%
	ENR	C	0.06%
	MEG	B	0.06%
	SXI	D	0.06%
	BBIO	F	0.06%
	MSGE	D	0.06%
	IIPR	B	0.06%
	HL	D	0.06%
	KOS	D	0.05%
	ASAN	D	0.05%
	LBRT	D	0.05%
	TGLS	F	0.05%
	ATEN	D	0.05%
	SLVM	B	0.05%
	ABM	B	0.05%
	MP	F	0.05%
	DOCN	F	0.05%
	BANF	D	0.05%
	LOB	D	0.05%
	COCO	C	0.05%
	PEB	D	0.05%
	LZ	F	0.05%
	ALIT	F	0.05%
	ANIP	C	0.05%
	AMED	F	0.05%
	PHR	D	0.05%
	HI	D	0.05%
	CPRX	D	0.05%
	ATEC	F	0.05%
	AVPT	A	0.05%
	NABL	A	0.05%
	HHH	D	0.05%
	CLVT	D	0.05%
	ESTA	D	0.05%
	PDFS	B	0.05%
	UE	A	0.05%
	GFF	D	0.05%
	NMIH	B	0.05%
	VITL	A	0.05%
	RRR	C	0.05%
	SCL	D	0.05%
	CXM	D	0.05%
	MIRM	B	0.05%
	HRMY	C	0.05%
	QS	F	0.05%
	NVCR	C	0.05%
	ALKT	C	0.05%
	MGPI	F	0.05%
	GERN	C	0.05%
	LTH	B	0.05%
	TRNS	C	0.05%
	POWL	C	0.05%
	ICHR	D	0.05%
	MORF	C	0.05%
	NTLA	C	0.05%
	RAMP	D	0.05%
	AMBA	C	0.05%
	GOLF	B	0.05%
	TNDM	C	0.05%
	ATRC	F	0.05%
	FLNC	D	0.05%
	XNCR	F	0.05%
	CPK	D	0.05%
	EVTC	D	0.05%
	KAR	C	0.05%
	CAKE	A	0.05%
	MODN	B	0.05%
	SHOO	B	0.05%
	IMAX	C	0.04%
	BSIG	D	0.04%
	PRLB	F	0.04%
	MLKN	D	0.04%
	VZIO	B	0.04%
	PYCR	D	0.04%
	AUPH	C	0.04%
	SHEN	F	0.04%
	SMTC	D	0.04%
	SLP	B	0.04%
	VIAV	F	0.04%
	FIZZ	B	0.04%
	USLM	B	0.04%
	AKR	B	0.04%
	PTCT	C	0.04%
	XPEL	F	0.04%
	NHC	A	0.04%
	IESC	C	0.04%
	HLIO	C	0.04%
	SYBT	C	0.04%
	PUBM	D	0.04%
	VICR	F	0.04%
	FCPT	B	0.04%
	ANDE	D	0.04%
	QNST	D	0.04%
	DO	B	0.04%
	PRGS	F	0.04%
	DGII	F	0.04%
	BJRI	B	0.04%
	VRE	D	0.04%
	VRTS	C	0.04%
	GRC	B	0.04%
	KVYO	C	0.04%
	CLB	B	0.04%
	SBCF	D	0.04%
	GSAT	F	0.04%
	INTA	C	0.04%
	APPN	D	0.04%
	SAVA	F	0.04%
	SHO	D	0.04%
	CCS	D	0.04%
	CDP	B	0.04%
	PSMT	C	0.04%
	DCO	B	0.04%
	SAFE	D	0.04%
	VECO	B	0.04%
	DNUT	F	0.04%
	RNG	F	0.04%
	INDI	D	0.04%
	NVAX	C	0.04%
	GPRE	D	0.04%
	EXPI	F	0.04%
	AIR	C	0.04%
	HEES	F	0.04%
	PLUS	D	0.04%
	TNC	D	0.04%
	VSEC	A	0.04%
	WSFS	B	0.04%
	JBI	D	0.04%
	MCRI	C	0.04%
	WINA	C	0.04%
	PZZA	F	0.04%
	TFIN	B	0.04%
	SJW	F	0.04%
	DBRG	D	0.04%
	OXM	D	0.03%
	LMND	C	0.03%
	TGI	B	0.03%
	LKFN	D	0.03%
	DEA	B	0.03%
	AGX	B	0.03%
	GNK	C	0.03%
	ECVT	F	0.03%
	AMRC	C	0.03%
	AMPL	D	0.03%
	UTZ	D	0.03%
	CHCO	C	0.03%
	CRK	C	0.03%
	PRKS	C	0.03%
	MSEX	D	0.03%
	YEXT	F	0.03%
	CSGS	F	0.03%
	LEU	C	0.03%
	ZIP	F	0.03%
	TLRY	F	0.03%
	FIGS	F	0.03%
	LQDA	D	0.03%
	BMBL	F	0.03%
	GDYN	C	0.03%
	THR	D	0.03%
	DRQ	D	0.03%
	OEC	D	0.03%
	LGND	C	0.03%
	RLAY	D	0.03%
	PRDO	D	0.03%
	CASH	B	0.03%
	DNA	F	0.03%
	SMMT	B	0.03%
	CDRE	D	0.03%
	ARVN	F	0.03%
	SLNO	D	0.03%
	ETNB	F	0.03%
	SDGR	F	0.03%
	DRS	B	0.03%
	TTMI	A	0.03%
	IMXI	D	0.03%
	HROW	B	0.03%
	PCRX	D	0.03%
	DFIN	C	0.03%
	AGM	C	0.03%
	IVT	D	0.03%
	INFA	D	0.03%
	SYM	F	0.03%
	UDMY	F	0.03%
	COGT	C	0.03%
	KFRC	D	0.03%
	NNI	C	0.03%
	AMK	B	0.03%
	HSTM	B	0.03%
	ERII	F	0.03%
	COUR	F	0.03%
	ALEX	B	0.03%
	NEXT	B	0.03%
	CECO	B	0.03%
	VVI	D	0.03%
	BHE	C	0.03%
	JAMF	F	0.03%
	USPH	D	0.03%
	CABO	F	0.03%
	INFN	C	0.03%
	DSGR	D	0.02%
	FCEL	F	0.02%
	CHUY	F	0.02%
	SANA	F	0.02%
	SAGE	F	0.02%
	FBRT	B	0.02%
	WMK	D	0.02%
	GMRE	C	0.02%
	PWP	C	0.02%
	BOWL	B	0.02%
	NOVA	C	0.02%
	RVLV	F	0.02%
	CHPT	F	0.02%
	KNSA	C	0.02%
	MTTR	D	0.02%
	MNTK	C	0.02%
	MTUS	D	0.02%
	WWW	B	0.02%
	EYE	F	0.02%
	FA	C	0.02%
	GABC	B	0.02%
	TTGT	C	0.02%
	PRM	B	0.02%
	NBR	D	0.02%
	ADPT	C	0.02%
	ATEX	D	0.02%
	LWLG	F	0.02%
	FWRG	F	0.02%
	CHCT	F	0.02%
	SKWD	C	0.02%
	NRC	F	0.02%
	GIC	F	0.02%
	WTTR	B	0.02%
	JACK	F	0.02%
	CNXN	D	0.02%
	EVRI	C	0.02%
	BFC	D	0.02%
	LAZR	F	0.02%
	PL	D	0.02%
	HCKT	D	0.02%
	ALNT	F	0.02%
	AIV	D	0.02%
	LYTS	D	0.02%
	GTY	D	0.02%
	OBK	D	0.02%
	MLNK	B	0.02%
	CENX	C	0.02%
	CMP	F	0.02%
	PACB	F	0.02%
	AAT	B	0.02%
	IE	F	0.02%
	VMEO	D	0.02%
	ALGT	F	0.02%
	SWBI	D	0.02%
	BLFS	B	0.02%
	WT	B	0.02%
	FC	D	0.02%
	BELFB	C	0.02%
	XPOF	B	0.02%
	IMKTA	F	0.02%
	KOP	F	0.02%
	WNC	D	0.02%
	AVNS	F	0.02%
	VSAT	F	0.02%
	SEMR	D	0.02%
	RES	D	0.02%
	SNCY	D	0.02%
	MBIN	D	0.02%
	PLYM	C	0.02%
	TR	C	0.02%
	APLD	C	0.02%
	TILE	D	0.02%
	IDT	D	0.02%
	CARS	C	0.02%
	RUM	F	0.02%
	BATRA	F	0.02%
	CSR	B	0.02%
	NXRT	B	0.02%
	SMRT	F	0.02%
	HAYN	D	0.02%
	OLO	F	0.02%
	NX	F	0.02%
	FRPH	F	0.02%
	BBSI	B	0.02%
	LQDT	B	0.02%
	CLNE	C	0.02%
	AOSL	A	0.02%
	KLG	F	0.02%
	SIBN	F	0.02%
	ESRT	D	0.02%
	RPAY	B	0.02%
	EOLS	F	0.02%
	KIDS	F	0.02%
	OMCL	F	0.02%
	TVTX	C	0.02%
	PLAY	F	0.02%
	INST	B	0.02%
	RCUS	D	0.02%
	NVTS	D	0.02%
	KRUS	F	0.02%
	MITK	D	0.02%
	JBSS	D	0.02%
	IAS	D	0.02%
	CMCO	D	0.02%
	KURA	C	0.02%
	LC	D	0.02%
	YORW	C	0.02%
	ROIC	D	0.02%
	BASE	D	0.02%
	AMWD	F	0.02%
	FSLY	F	0.02%
	MRTN	C	0.02%
	REYN	B	0.02%
	FPI	B	0.02%
	CWH	F	0.02%
	LFST	F	0.02%
	CHGG	F	0.01%
	GNE	F	0.01%
	SCLX	D	0.01%
	ALLO	F	0.01%
	ULCC	F	0.01%
	DENN	D	0.01%
	TITN	F	0.01%
	ALEC	F	0.01%
	CABA	F	0.01%
	CVGW	F	0.01%
	GTN	F	0.01%
	MEI	F	0.01%
	DAKT	C	0.01%
	EIG	C	0.01%
	LYEL	F	0.01%
	CLDT	F	0.01%
	NVRO	F	0.01%
	RGP	D	0.01%
	CSTL	D	0.01%
	ACCD	F	0.01%
	SKIN	F	0.01%
	RUSHB	F	0.01%
	MOV	D	0.01%
	SPCE	F	0.01%
	OIS	D	0.01%
	EWCZ	F	0.01%
	AVXL	D	0.01%
	VRDN	D	0.01%
	EVLV	F	0.01%
	GRNT	C	0.01%
	PLPC	D	0.01%
	NKLA	F	0.01%
	SVRA	F	0.01%
	STER	D	0.01%
	BYON	F	0.01%
	LAND	C	0.01%
	TH	F	0.01%
	HCAT	F	0.01%
	CLBK	F	0.01%
	SMBC	C	0.01%
	OFLX	F	0.01%
	LPRO	D	0.01%
	RICK	F	0.01%
	TBPH	F	0.01%
	NPK	D	0.01%
	OLMA	C	0.01%
	REPL	C	0.01%
	ARKO	C	0.01%
	TIPT	D	0.01%
	PGC	F	0.01%
	NAPA	F	0.01%
	TWI	F	0.01%
	USNA	F	0.01%
	PLOW	F	0.01%
	IIIV	D	0.01%
	EVCM	B	0.01%
	HPK	D	0.01%
	FNA	F	0.01%
	CFB	B	0.01%
	ATSG	D	0.01%
	FOR	D	0.01%
	CCBG	D	0.01%
	MYE	F	0.01%
	CASS	D	0.01%
	NR	B	0.01%
	DRVN	D	0.01%
	RVNC	F	0.01%
	CCB	C	0.01%
	OABI	F	0.01%
	ENFN	F	0.01%
	KGS	C	0.01%
	FWRD	D	0.01%
	EB	F	0.01%
	BIGC	C	0.01%
	EZPW	D	0.01%
	EBF	B	0.01%
	TMCI	F	0.01%
	ATRI	B	0.01%
	CRSR	F	0.01%
	PCT	C	0.01%
	CWCO	F	0.01%
	BXC	F	0.01%
	CYRX	F	0.01%
	HGTY	A	0.01%
	SEB	F	0.01%
	PRA	F	0.01%
	MLR	C	0.01%
	PLRX	F	0.01%
	DCGO	F	0.01%
	SRRK	F	0.01%
	KE	D	0.01%
	GDEN	F	0.01%
	CTOS	F	0.01%
	MLAB	F	0.01%
	PTLO	F	0.01%
	QTRX	F	0.01%
	AMTB	D	0.01%
	VREX	F	0.01%
	ETWO	D	0.01%
	IIIN	D	0.01%
	HTLD	C	0.01%
	GOGO	F	0.01%
	AMPS	D	0.01%
	SCHL	D	0.01%
	WEST	C	0.01%
	DH	F	0.01%
	ZNTL	F	0.01%
	DXPE	D	0.01%
	TARS	D	0.01%
	MCW	D	0.01%
	BOC	F	0.01%
	SWI	B	0.01%
	REX	F	0.01%
	WSR	B	0.01%
	WEAV	F	0.01%
	KNTK	A	0.01%
	PUMP	F	0.01%
	AVO	D	0.01%
	EFC	B	0.01%
	MMI	F	0.01%
	VTS	B	0.01%
	AEHR	F	0.01%
	UHT	C	0.01%
	TFSL	D	0.01%
	PBI	C	0.0%
	METCB	D	0.0%
	RAPT	F	0.0%
	FORR	F	0.0%
	REPX	B	0.0%
	CRNC	F	0.0%
	AMLX	D	0.0%
	HNRG	C	0.0%
	TWKS	C	0.0%
	TSHA	C	0.0%
	JOUT	F	0.0%
	PLL	F	0.0%
	MERC	D	0.0%
	CRCT	D	0.0%
	ANAB	B	0.0%
	IRBT	F	0.0%
	LEGH	C	0.0%

ISCG Underweight 170 Positions Relative to QVMM

	Symbol	Grade	Weight
	WSM	C	-0.87%
	CSL	B	-0.84%
	PSTG	C	-0.8%
	EME	B	-0.76%
	LII	B	-0.74%
	WSO	B	-0.71%
	OC	C	-0.69%
	RS	D	-0.69%
	RPM	C	-0.62%
	MANH	B	-0.61%
	CASY	B	-0.61%
	THC	B	-0.59%
	DKS	B	-0.58%
	GGG	D	-0.58%
	NBIX	C	-0.57%
	EQH	A	-0.57%
	IBKR	B	-0.56%
	RGA	B	-0.56%
	UTHR	A	-0.56%
	TOL	D	-0.55%
	FND	D	-0.54%
	FNF	D	-0.53%
	BJ	A	-0.52%
	ACM	C	-0.52%
	DT	F	-0.51%
	OVV	D	-0.51%
	SAIA	B	-0.5%
	RNR	B	-0.5%
	USFD	A	-0.5%
	GLPI	C	-0.5%
	AMH	B	-0.49%
	XPO	D	-0.49%
	ALLY	B	-0.48%
	LECO	F	-0.47%
	PFGC	C	-0.46%
	CLH	A	-0.46%
	SCI	B	-0.45%
	CUBE	B	-0.43%
	CCK	D	-0.42%
	CHK	D	-0.42%
	RRX	F	-0.42%
	TTC	C	-0.42%
	AR	B	-0.4%
	WTRG	C	-0.4%
	REXR	C	-0.4%
	EWBC	C	-0.4%
	UNM	C	-0.38%
	RRC	D	-0.37%
	CELH	F	-0.37%
	ERIE	C	-0.37%
	KBR	C	-0.36%
	CG	D	-0.36%
	LSCC	F	-0.35%
	AFG	D	-0.35%
	SF	B	-0.35%
	DINO	D	-0.35%
	X	F	-0.35%
	KNX	C	-0.34%
	OHI	A	-0.34%
	CHE	D	-0.34%
	FHN	C	-0.33%
	ORI	C	-0.33%
	CLF	F	-0.33%
	SNX	C	-0.32%
	WCC	D	-0.32%
	NNN	B	-0.32%
	LAD	F	-0.31%
	JAZZ	F	-0.31%
	OGE	C	-0.3%
	BERY	C	-0.3%
	PVH	C	-0.3%
	ARW	C	-0.3%
	AA	C	-0.29%
	WBS	D	-0.29%
	CHRD	C	-0.29%
	AGCO	F	-0.28%
	DTM	A	-0.28%
	CBSH	C	-0.27%
	MTDR	D	-0.27%
	PR	C	-0.27%
	KD	B	-0.26%
	ESNT	B	-0.26%
	VNT	D	-0.26%
	TMHC	D	-0.26%
	PCTY	F	-0.26%
	FIVE	F	-0.26%
	CMC	C	-0.26%
	SON	D	-0.25%
	STWD	D	-0.25%
	PNFP	D	-0.25%
	MUR	D	-0.25%
	BRKR	F	-0.25%
	MTG	B	-0.25%
	ETRN	C	-0.25%
	CBT	D	-0.24%
	SSB	D	-0.24%
	WTFC	C	-0.24%
	FYBR	B	-0.24%
	FAF	D	-0.24%
	CIVI	D	-0.24%
	PB	D	-0.23%
	MDU	A	-0.22%
	NXST	C	-0.22%
	KBH	B	-0.22%
	SNV	C	-0.22%
	AVT	B	-0.21%
	PBF	D	-0.21%
	WLK	D	-0.21%
	NFG	C	-0.21%
	CADE	C	-0.21%
	M	C	-0.2%
	ONB	C	-0.2%
	SLM	C	-0.2%
	POR	C	-0.19%
	FLO	C	-0.19%
	WU	D	-0.19%
	FNB	C	-0.19%
	AN	D	-0.19%
	SWX	C	-0.18%
	OZK	D	-0.18%
	JHG	B	-0.18%
	UBSI	D	-0.18%
	KNF	C	-0.17%
	HOG	F	-0.17%
	VNO	B	-0.17%
	COLB	F	-0.16%
	BKH	C	-0.16%
	ALE	B	-0.16%
	SLGN	D	-0.16%
	COTY	D	-0.16%
	GBCI	D	-0.16%
	CPRI	F	-0.16%
	HWC	C	-0.16%
	GT	F	-0.15%
	KMPR	D	-0.15%
	UMBF	C	-0.15%
	PRGO	F	-0.15%
	KRC	F	-0.15%
	MAN	D	-0.15%
	TNL	B	-0.14%
	NYCB	F	-0.14%
	SBRA	A	-0.14%
	OGS	D	-0.14%
	CUZ	D	-0.14%
	CNXC	F	-0.13%
	PENN	C	-0.13%
	CNO	C	-0.13%
	PK	D	-0.13%
	NWE	D	-0.13%
	ASB	D	-0.13%
	SR	C	-0.13%
	VSH	F	-0.12%
	IBOC	C	-0.12%
	CACC	D	-0.12%
	VAC	F	-0.12%
	VLY	F	-0.12%
	PAG	D	-0.12%
	JWN	C	-0.11%
	WERN	F	-0.11%
	HELE	F	-0.11%
	BHF	D	-0.11%
	UAA	C	-0.11%
	CRI	F	-0.1%
	ADNT	F	-0.1%
	GHC	D	-0.1%
	CAR	D	-0.09%
	ENOV	F	-0.09%
	GEF	F	-0.07%
	PPC	C	-0.06%
	LEG	F	-0.06%

ISCG: Top Represented Industries & Keywords

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

Keywords: Medicine Biopharmaceutical Computing Real Estate Investment Trust Biotechnology Banking Construction Telecommunications Aerospace Mining Bank Chemical Semiconductor Cancer Electronics Insurance Transport Life Sciences Oil And Gas IBD 50

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Oil & Gas E&P Diversified Industrials Business Services Packaging & Containers Semiconductors Software - Application Asset Management Building Materials Engineering & Construction Specialty Chemicals Packaged Foods Specialty Retail Apparel Manufacturing Auto Parts Biotechnology Insurance - Property & Casualty Medical Care REIT - Diversified REIT - Industrial

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Beverage Construction Deposit Products Computing Semiconductor Supply Chain Management Telecommunications Commercial Banking Insurance Products Transport Building Materials