ISCV vs. FMAT ETF Comparison

Comparison of iShares Morningstar Small-Cap Value ETF (ISCV) to Fidelity MSCI Materials Index ETF (FMAT)

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

$57.91

Average Daily Volume

11,929

Number of Holdings ^*

1138

* may have additional holdings in another (foreign) market

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.43

Average Daily Volume

39,720

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	ISCV	FMAT
30 Days	-0.31%	-2.04%
60 Days	-0.52%	-2.24%
90 Days	-5.38%	-5.26%
12 Months	9.00%	8.78%

64 Overlapping Holdings

Symbol	Grade	Weight in ISCV	Weight in FMAT	Overlap
AA	C	0.34%	0.53%	0.34%
AMR	F	0.09%	0.23%	0.09%
ARCH	F	0.12%	0.19%	0.12%
ASH	D	0.11%	0.34%	0.11%
ASIX	D	0.03%	0.05%	0.03%
ATR	D	0.14%	0.72%	0.14%
AVNT	C	0.19%	0.3%	0.19%
AXTA	D	0.1%	0.56%	0.1%
BERY	D	0.33%	0.51%	0.33%
CBT	D	0.08%	0.39%	0.08%
CC	F	0.16%	0.26%	0.16%
CDE	B	0.05%	0.17%	0.05%
CLF	D	0.12%	0.56%	0.12%
CLW	C	0.04%	0.06%	0.04%
CMC	C	0.3%	0.47%	0.3%
CMP	F	0.02%	0.03%	0.02%
DNA	F	0.01%	0.02%	0.01%
ECVT	D	0.02%	0.08%	0.02%
ESI	B	0.18%	0.47%	0.18%
FMC	D	0.34%	0.54%	0.34%
FUL	D	0.08%	0.31%	0.08%
GEF	F	0.01%	0.02%	0.01%
GEF	F	0.07%	0.11%	0.07%
GEF	F	0.07%	0.02%	0.02%
GEF	F	0.01%	0.11%	0.01%
GPK	D	0.21%	0.61%	0.21%
HCC	D	0.15%	0.24%	0.15%
HL	D	0.08%	0.22%	0.08%
HUN	F	0.11%	0.28%	0.11%
IE	F	0.02%	0.05%	0.02%
KALU	D	0.07%	0.1%	0.07%
KNF	C	0.07%	0.28%	0.07%
KOP	F	0.02%	0.06%	0.02%
KRO	C	0.01%	0.02%	0.01%
LPX	C	0.15%	0.4%	0.15%
LXU	F	0.02%	0.03%	0.02%
MATV	D	0.04%	0.07%	0.04%
MERC	D	0.02%	0.03%	0.02%
MTX	B	0.13%	0.2%	0.13%
MYE	F	0.02%	0.03%	0.02%
NEU	F	0.12%	0.28%	0.12%
NGVT	F	0.07%	0.12%	0.07%
OEC	F	0.03%	0.1%	0.03%
OI	F	0.08%	0.13%	0.08%
OLN	F	0.27%	0.43%	0.27%
PACK	D	0.01%	0.02%	0.01%
PCT	C	0.03%	0.05%	0.03%
PRM	B	0.02%	0.08%	0.02%
PTVE	F	0.02%	0.04%	0.02%
RDUS	F	0.02%	0.03%	0.02%
RGLD	C	0.17%	0.62%	0.17%
RYI	F	0.03%	0.04%	0.03%
SCL	C	0.04%	0.14%	0.04%
SEE	D	0.25%	0.38%	0.25%
SLGN	D	0.17%	0.27%	0.17%
SLVM	B	0.12%	0.18%	0.12%
SMG	D	0.07%	0.21%	0.07%
SON	F	0.24%	0.38%	0.24%
SXC	D	0.04%	0.06%	0.04%
SXT	C	0.07%	0.2%	0.07%
TROX	D	0.09%	0.14%	0.09%
TRS	D	0.05%	0.08%	0.05%
WS	C	0.03%	0.08%	0.03%
X	D	0.38%	0.62%	0.38%

ISCV Overweight 1076 Positions Relative to FMAT

Symbol	Grade	Weight
CHRD	C	0.5%
CHRW	B	0.5%
NLY	B	0.48%
EWBC	C	0.48%
TPR	B	0.46%
BBWI	F	0.44%
ELAN	C	0.42%
PNW	C	0.41%
RIVN	C	0.41%
AIZ	D	0.41%
RRC	D	0.4%
HSIC	F	0.4%
FHN	C	0.39%
PR	C	0.39%
OHI	A	0.39%
SF	A	0.38%
FBIN	F	0.38%
GL	C	0.37%
ORI	C	0.37%
Z	C	0.36%
BWA	F	0.36%
FLR	B	0.36%
MTDR	D	0.34%
AGNC	B	0.34%
OGE	C	0.34%
WCC	F	0.34%
WBS	D	0.34%
CVNA	B	0.33%
DTM	A	0.33%
CBSH	C	0.33%
WAL	C	0.32%
LAD	D	0.32%
AAL	F	0.32%
JAZZ	F	0.32%
PVH	F	0.31%
JLL	B	0.31%
CROX	B	0.31%
ARW	F	0.31%
ZION	C	0.3%
MUR	D	0.3%
CMA	C	0.3%
MTH	D	0.29%
ESNT	B	0.29%
AGCO	F	0.29%
BPOP	C	0.29%
DAR	D	0.28%
ETRN	D	0.28%
KD	B	0.28%
PNFP	C	0.28%
WTFC	C	0.28%
SNV	A	0.27%
PB	C	0.27%
SSB	C	0.27%
ST	D	0.27%
MHK	C	0.27%
AXS	B	0.27%
PARA	D	0.27%
SM	D	0.27%
STWD	C	0.27%
LAMR	A	0.27%
BECN	D	0.27%
MTG	B	0.27%
LNC	B	0.26%
VMI	B	0.26%
OMF	C	0.26%
FAF	D	0.26%
TMHC	C	0.26%
GME	C	0.25%
XRAY	F	0.25%
ALK	D	0.25%
ONB	C	0.25%
OGN	B	0.25%
RITM	D	0.25%
M	C	0.25%
G	D	0.24%
COOP	C	0.24%
INGR	D	0.24%
CADE	C	0.24%
EVR	A	0.24%
NFG	D	0.24%
CIVI	D	0.24%
SWN	D	0.24%
AVT	C	0.23%
UGI	C	0.23%
WHR	C	0.23%
MDU	B	0.23%
HAS	C	0.23%
W	D	0.23%
CZR	C	0.23%
NXST	C	0.23%
IVZ	D	0.23%
ABG	C	0.22%
SLM	C	0.22%
JXN	C	0.22%
FLO	D	0.22%
MKSI	B	0.22%
GNRC	D	0.22%
HRB	A	0.22%
PBF	D	0.22%
FYBR	B	0.22%
VOYA	D	0.22%
KBH	B	0.22%
VFC	C	0.22%
JEF	A	0.22%
BCC	F	0.22%
FNB	C	0.22%
OSK	C	0.22%
BRX	B	0.21%
MGY	C	0.21%
JHG	B	0.21%
VNO	B	0.21%
HOG	D	0.21%
CRUS	A	0.21%
SWX	D	0.2%
PII	F	0.2%
AN	D	0.2%
WU	D	0.2%
WH	C	0.2%
UBSI	C	0.2%
OZK	D	0.2%
NNN	A	0.2%
ROIV	D	0.2%
COLB	D	0.19%
ASO	F	0.19%
SIGI	F	0.19%
ALV	D	0.19%
HWC	C	0.19%
FRT	C	0.19%
TTC	B	0.19%
GPI	D	0.19%
LEA	F	0.19%
ALSN	C	0.19%
CFR	C	0.19%
GBCI	C	0.19%
BYD	D	0.18%
BKH	C	0.18%
MC	C	0.18%
BIO	F	0.18%
STAG	B	0.18%
CPRI	D	0.18%
UMBF	C	0.18%
KTB	D	0.18%
SIG	D	0.18%
CXT	B	0.17%
PRGO	F	0.17%
RVMD	C	0.17%
HP	D	0.17%
CTRE	C	0.17%
NEOG	C	0.17%
CRC	B	0.17%
ESGR	B	0.17%
MAT	F	0.17%
MIDD	F	0.17%
LSTR	B	0.17%
SAIC	D	0.17%
SLG	B	0.17%
ALE	B	0.17%
TEX	D	0.17%
KMPR	C	0.17%
NOG	D	0.17%
KRC	D	0.17%
PNM	D	0.16%
LBRT	C	0.16%
ADC	B	0.16%
EAT	B	0.16%
PRI	B	0.16%
CIEN	C	0.16%
DXC	C	0.16%
MHO	C	0.16%
SR	C	0.16%
AM	B	0.16%
TPH	C	0.16%
GXO	D	0.16%
MMS	B	0.16%
SRCL	B	0.16%
MAN	F	0.16%
MTN	D	0.15%
GMS	F	0.15%
ASB	C	0.15%
UFPI	D	0.15%
PK	C	0.15%
CACI	B	0.15%
TNL	B	0.15%
GT	F	0.15%
MLI	C	0.15%
EPR	B	0.15%
SBRA	A	0.15%
CYTK	D	0.15%
OGS	C	0.15%
WD	B	0.15%
MAC	C	0.15%
IDA	C	0.15%
LSXMK	D	0.15%
CUZ	C	0.15%
ABCB	C	0.15%
AMG	C	0.14%
NWE	C	0.14%
MPW	F	0.14%
NSIT	B	0.14%
BC	F	0.14%
LYFT	D	0.14%
VLY	D	0.14%
GMED	A	0.14%
CACC	C	0.14%
RUN	D	0.14%
FBP	A	0.14%
MATX	A	0.14%
GTES	D	0.14%
LBTYK	C	0.14%
FULT	C	0.14%
WEX	D	0.14%
VC	D	0.14%
UCBI	C	0.14%
BXMT	C	0.14%
NJR	C	0.14%
DBX	D	0.14%
CNO	C	0.14%
R	B	0.14%
COLD	C	0.14%
PFSI	A	0.13%
KSS	D	0.13%
AL	C	0.13%
AVA	C	0.13%
ASGN	D	0.13%
HUBG	B	0.13%
LXP	B	0.13%
POR	C	0.13%
GATX	B	0.13%
MKTX	F	0.13%
KNX	C	0.13%
FHI	C	0.13%
NVST	F	0.13%
CRSP	D	0.13%
TCBI	C	0.13%
BHF	D	0.13%
HOMB	C	0.13%
HIW	B	0.13%
FFIN	C	0.13%
REXR	C	0.13%
ATKR	D	0.13%
MSA	B	0.13%
NOV	B	0.13%
HLI	A	0.13%
LBTYA	B	0.13%
SFM	A	0.12%
AUB	C	0.12%
RHI	F	0.12%
DNB	D	0.12%
ZG	C	0.12%
ABR	B	0.12%
INFA	B	0.12%
AIRC	A	0.12%
PENN	C	0.12%
RDN	B	0.12%
FIBK	C	0.12%
NWL	F	0.12%
ETSY	F	0.12%
IAC	D	0.12%
VSH	D	0.12%
ZD	C	0.12%
KOS	D	0.12%
FLS	C	0.12%
CNXC	D	0.12%
NMIH	A	0.12%
CALM	B	0.12%
RL	B	0.12%
BTU	F	0.12%
FHB	C	0.12%
VAC	D	0.12%
TKR	D	0.12%
CATY	B	0.12%
FL	C	0.11%
LEVI	C	0.11%
AMKR	B	0.11%
SANM	B	0.11%
BOH	D	0.11%
VNT	D	0.11%
NYCB	F	0.11%
JWN	B	0.11%
EEFT	D	0.11%
RIG	D	0.11%
HELE	F	0.11%
CCOI	D	0.11%
LBRDK	C	0.11%
THO	D	0.11%
TGNA	D	0.11%
ADT	B	0.11%
MASI	C	0.11%
POWI	F	0.11%
SEIC	D	0.11%
CRI	F	0.11%
ENOV	D	0.11%
GPS	C	0.11%
CBU	C	0.11%
CNX	C	0.11%
POST	C	0.11%
KEX	B	0.11%
GHC	D	0.11%
AMN	F	0.1%
EPC	B	0.1%
TTMI	B	0.1%
THG	C	0.1%
NATL	B	0.1%
FFBC	C	0.1%
BOKF	C	0.1%
PBH	C	0.1%
DIOD	D	0.1%
EQC	B	0.1%
OTTR	C	0.1%
SATS	B	0.1%
SFNC	C	0.1%
VRNT	C	0.1%
WIRE	B	0.1%
TPX	D	0.1%
AMED	F	0.1%
BKU	C	0.1%
BFH	A	0.1%
PRGS	B	0.1%
AAP	F	0.1%
AEIS	B	0.1%
SHOO	B	0.1%
INSW	B	0.1%
SIX	B	0.1%
TNET	F	0.1%
CVBF	C	0.1%
SITE	F	0.1%
CR	B	0.1%
AYI	D	0.1%
WAFD	C	0.1%
PSN	B	0.1%
ENS	B	0.1%
WLY	B	0.09%
ALTM	F	0.09%
ALKS	D	0.09%
VSTO	A	0.09%
DDS	C	0.09%
PTEN	D	0.09%
HTLF	B	0.09%
VYX	F	0.09%
PHIN	D	0.09%
HGV	D	0.09%
SEM	B	0.09%
JBLU	C	0.09%
MBC	F	0.09%
TDW	C	0.09%
PRKS	C	0.09%
BNL	B	0.09%
LGIH	F	0.09%
B	B	0.09%
HI	F	0.09%
HASI	C	0.09%
FRME	C	0.09%
TOWN	C	0.09%
RYN	D	0.09%
IRT	A	0.09%
STR	C	0.09%
ALIT	D	0.09%
CEIX	B	0.09%
PPBI	C	0.09%
DEI	C	0.09%
ENR	C	0.09%
NXT	D	0.09%
EPRT	A	0.09%
TDS	B	0.09%
PINC	F	0.09%
PCH	F	0.09%
VIRT	C	0.09%
CAKE	B	0.09%
PDCO	D	0.09%
IART	C	0.09%
MSM	D	0.09%
AGL	D	0.09%
PRK	A	0.09%
CAR	F	0.09%
SFBS	C	0.09%
AUR	C	0.09%
H	B	0.09%
INDB	D	0.09%
GPOR	D	0.09%
REZI	C	0.08%
FCFS	F	0.08%
NSA	B	0.08%
SITC	A	0.08%
KN	B	0.08%
FCPT	B	0.08%
LZB	B	0.08%
TPG	D	0.08%
BGC	C	0.08%
LPG	D	0.08%
BANR	B	0.08%
WOR	F	0.08%
WHD	B	0.08%
GEO	C	0.08%
TRMK	C	0.08%
PFS	D	0.08%
DAN	F	0.08%
CWK	C	0.08%
QDEL	F	0.08%
LCII	F	0.08%
STC	C	0.08%
COLM	D	0.08%
WOLF	F	0.08%
BOOT	B	0.08%
NBTB	B	0.08%
OFG	C	0.08%
THS	C	0.08%
HRI	D	0.08%
BEAM	D	0.08%
HBI	C	0.08%
DRH	D	0.08%
BLKB	C	0.08%
KMT	F	0.08%
QS	F	0.08%
CENTA	F	0.08%
BANC	D	0.08%
PIPR	A	0.08%
RKT	C	0.08%
GRBK	B	0.08%
HTH	C	0.07%
ODP	D	0.07%
CPK	C	0.07%
RC	D	0.07%
MQ	D	0.07%
VAL	B	0.07%
CNK	A	0.07%
ARCB	D	0.07%
PATK	C	0.07%
SUPN	D	0.07%
CUBI	C	0.07%
AX	C	0.07%
BCO	B	0.07%
CWT	C	0.07%
GNL	D	0.07%
SPR	B	0.07%
NMRK	C	0.07%
MGEE	D	0.07%
DNLI	B	0.07%
IBOC	C	0.07%
AROC	C	0.07%
PRFT	B	0.07%
EFSC	C	0.07%
PARR	D	0.07%
IPGP	D	0.07%
XRX	F	0.07%
BRC	B	0.07%
WTM	B	0.07%
LTC	A	0.07%
LITE	B	0.07%
LEG	F	0.07%
PLAB	F	0.07%
BLMN	F	0.07%
CORZ	C	0.07%
WGO	F	0.07%
MRCY	F	0.07%
BDC	B	0.07%
VGR	C	0.07%
UPBD	D	0.07%
ABM	B	0.07%
ESAB	D	0.07%
WSFS	A	0.07%
CCS	C	0.07%
GBX	D	0.07%
AEO	F	0.07%
DK	D	0.07%
ARWR	C	0.07%
IIPR	B	0.07%
PRG	C	0.07%
FTDR	C	0.07%
WSBC	C	0.07%
CABO	F	0.07%
ENVA	C	0.07%
WKC	B	0.07%
KFY	B	0.07%
OXM	D	0.07%
HLMN	D	0.07%
IBTX	B	0.07%
SYNA	F	0.06%
NAVI	D	0.06%
BKD	C	0.06%
RXO	A	0.06%
ICUI	B	0.06%
DBD	D	0.06%
SCS	B	0.06%
CAL	D	0.06%
DEA	B	0.06%
PTON	D	0.06%
SGH	B	0.06%
BKE	D	0.06%
ADNT	F	0.06%
UVV	D	0.06%
CSGS	F	0.06%
ATGE	A	0.06%
SKT	C	0.06%
TCBK	B	0.06%
WABC	C	0.06%
WERN	D	0.06%
PMT	D	0.06%
ADEA	C	0.06%
SLCA	B	0.06%
STBA	B	0.06%
AGIO	B	0.06%
OMCL	F	0.06%
DYN	B	0.06%
TDC	D	0.06%
FBNC	C	0.06%
SNDR	B	0.06%
HOPE	C	0.06%
NTCT	D	0.06%
STEP	A	0.06%
SPNT	D	0.06%
RNG	D	0.06%
RH	D	0.06%
EVTC	F	0.06%
TGTX	B	0.06%
PLAY	F	0.06%
LSXMA	D	0.06%
JBGS	B	0.06%
AMC	D	0.06%
VSCO	F	0.06%
MSGS	C	0.06%
YETI	D	0.06%
HNI	C	0.06%
CLVT	D	0.06%
AKR	A	0.06%
GVA	B	0.06%
BUSE	C	0.06%
SKYW	B	0.06%
FOXF	D	0.06%
JOBY	D	0.06%
AMBA	C	0.06%
WEN	F	0.06%
URBN	C	0.06%
CDP	B	0.06%
UAA	D	0.06%
MOG.A	C	0.06%
MORF	B	0.06%
ARI	D	0.06%
CORT	B	0.06%
COMP	D	0.06%
AIR	A	0.06%
NWN	F	0.06%
FBK	C	0.06%
ZI	F	0.06%
HMN	D	0.06%
AGO	C	0.06%
CODI	D	0.06%
APAM	C	0.06%
NWBI	B	0.06%
CXW	D	0.06%
LADR	A	0.06%
NBHC	A	0.06%
FCF	C	0.06%
CMPR	C	0.06%
ELME	B	0.06%
NNI	C	0.06%
TWO	B	0.06%
ARR	C	0.05%
VSTS	D	0.05%
ITGR	C	0.05%
EFC	B	0.05%
CWEN	C	0.05%
ECPG	D	0.05%
JACK	F	0.05%
LKFN	C	0.05%
SEDG	F	0.05%
TPC	B	0.05%
TFIN	A	0.05%
BHLB	C	0.05%
VSAT	F	0.05%
MLKN	C	0.05%
SABR	F	0.05%
CRK	C	0.05%
PLUS	C	0.05%
LUMN	F	0.05%
REYN	C	0.05%
AHR	B	0.05%
GFF	D	0.05%
IMKTA	F	0.05%
COLL	D	0.05%
LAUR	C	0.05%
HE	F	0.05%
VCTR	D	0.05%
PEB	D	0.05%
TDOC	F	0.05%
MRC	C	0.05%
CSR	B	0.05%
AGM	C	0.05%
LGF.A	D	0.05%
OPEN	F	0.05%
SASR	B	0.05%
CNNE	D	0.05%
GTX	D	0.05%
ACIW	A	0.05%
KW	C	0.05%
VBTX	C	0.05%
ROIC	C	0.05%
UNF	C	0.05%
JJSF	B	0.05%
LILAK	A	0.05%
IVT	C	0.05%
GOLF	C	0.05%
PLXS	C	0.05%
ANDE	D	0.05%
REVG	C	0.05%
UA	D	0.05%
HLF	D	0.05%
PEBO	C	0.05%
RCKT	F	0.05%
PRIM	C	0.05%
CIM	C	0.05%
FBRT	B	0.05%
SJW	D	0.05%
PECO	C	0.05%
VTLE	D	0.05%
AZZ	D	0.05%
JELD	D	0.05%
SBH	D	0.05%
TRN	B	0.05%
KURA	C	0.05%
RUSHA	F	0.05%
GIII	F	0.05%
CRGY	B	0.05%
SCSC	C	0.05%
YELP	F	0.05%
KLG	F	0.05%
JBT	C	0.05%
WWW	B	0.05%
OUT	C	0.05%
MFA	B	0.05%
STEL	D	0.05%
SNEX	C	0.05%
GO	D	0.05%
TGI	B	0.04%
HEES	D	0.04%
MCY	C	0.04%
MGNI	B	0.04%
VIAV	F	0.04%
SKWD	C	0.04%
BDN	D	0.04%
BHE	B	0.04%
AHH	C	0.04%
BRKL	D	0.04%
DX	C	0.04%
HCSG	D	0.04%
BBIO	F	0.04%
KNTK	A	0.04%
CARS	B	0.04%
UE	A	0.04%
DFIN	D	0.04%
BRSP	D	0.04%
APOG	C	0.04%
MATW	F	0.04%
CHEF	B	0.04%
CASH	B	0.04%
SAH	D	0.04%
UNFI	C	0.04%
ULS	B	0.04%
SNDX	D	0.04%
USM	B	0.04%
SEB	D	0.04%
ESRT	C	0.04%
SBSI	C	0.04%
TALO	D	0.04%
HY	B	0.04%
FOLD	F	0.04%
AMSF	D	0.04%
SBCF	C	0.04%
NVAX	C	0.04%
FDP	F	0.04%
ALGT	F	0.04%
UTL	C	0.04%
HAYW	F	0.04%
SCHL	D	0.04%
SHEN	D	0.04%
NVCR	D	0.04%
SVC	D	0.04%
CPRX	C	0.04%
AMRX	C	0.04%
NEO	D	0.04%
NHC	A	0.04%
AXL	D	0.04%
MWA	C	0.04%
AESI	D	0.04%
UPWK	D	0.04%
OSIS	C	0.04%
RWT	B	0.04%
PGRE	D	0.04%
GNK	C	0.04%
MXL	B	0.04%
CMTG	D	0.04%
VIR	F	0.04%
EBC	C	0.04%
IRWD	F	0.04%
AIN	D	0.04%
TXG	F	0.04%
OCFC	C	0.04%
TNDM	D	0.04%
RRR	B	0.04%
PDM	B	0.04%
OBK	C	0.04%
INVA	B	0.04%
NPO	D	0.04%
DLX	B	0.04%
DORM	B	0.04%
CVI	F	0.04%
PTCT	C	0.04%
IDYA	F	0.04%
HLIO	D	0.04%
ACT	C	0.04%
GTY	D	0.04%
CBRL	F	0.04%
BANF	C	0.04%
VRTS	C	0.04%
LRN	B	0.04%
SSTK	F	0.04%
HHH	F	0.04%
SRCE	C	0.04%
CHCO	B	0.04%
MSGE	D	0.04%
HIBB	A	0.03%
KAR	C	0.03%
DIN	F	0.03%
AMTB	C	0.03%
DBRG	D	0.03%
FA	C	0.03%
PLYM	B	0.03%
AGX	B	0.03%
HBNC	C	0.03%
ACEL	D	0.03%
LPRO	F	0.03%
MGPI	D	0.03%
KREF	F	0.03%
FCBC	B	0.03%
IBCP	C	0.03%
INFN	B	0.03%
PLTK	F	0.03%
NYMT	F	0.03%
CRSR	F	0.03%
HUT	B	0.03%
EBF	B	0.03%
THRY	F	0.03%
PETQ	B	0.03%
MCBS	A	0.03%
KFRC	D	0.03%
SMP	F	0.03%
AMRK	D	0.03%
TLRY	F	0.03%
VTS	B	0.03%
DO	B	0.03%
VRE	D	0.03%
LGND	B	0.03%
HAIN	D	0.03%
BV	B	0.03%
QCRH	C	0.03%
STGW	C	0.03%
TMP	D	0.03%
AKRO	C	0.03%
HPP	F	0.03%
HTLD	C	0.03%
AVNS	C	0.03%
HFWA	C	0.03%
RAMP	D	0.03%
PLUG	F	0.03%
ETD	D	0.03%
VVX	C	0.03%
RLJ	D	0.03%
USPH	F	0.03%
RKLB	B	0.03%
PCRX	D	0.03%
BGS	D	0.03%
AMRC	D	0.03%
MBWM	B	0.03%
INN	D	0.03%
NR	B	0.03%
SBOW	B	0.03%
OSBC	C	0.03%
MD	F	0.03%
CNOB	D	0.03%
UNIT	F	0.03%
SPTN	F	0.03%
BY	B	0.03%
UVSP	A	0.03%
EYE	D	0.03%
SYBT	B	0.03%
NVRI	B	0.03%
ETNB	F	0.03%
SAFT	D	0.03%
CFFN	B	0.03%
PPC	A	0.03%
VTOL	B	0.03%
DNOW	C	0.03%
CTBI	C	0.03%
HZO	C	0.03%
ASTE	F	0.03%
TNC	D	0.03%
NWLI	A	0.03%
FG	D	0.03%
AAT	B	0.03%
PRDO	C	0.03%
SHC	C	0.03%
DOCN	D	0.03%
OMI	F	0.03%
DVAX	F	0.03%
MNRO	D	0.03%
EIG	C	0.03%
EGY	C	0.03%
KELYA	D	0.03%
FBMS	C	0.03%
VECO	B	0.03%
MBUU	F	0.03%
SXI	D	0.03%
FMBH	C	0.03%
GABC	A	0.03%
PRAA	F	0.03%
PFC	C	0.03%
EMBC	C	0.03%
NIC	C	0.03%
RDFN	F	0.03%
MRTN	C	0.03%
AMWD	F	0.03%
WMK	D	0.03%
RGR	F	0.03%
PSMT	C	0.03%
FTRE	D	0.03%
DCOM	C	0.03%
GES	F	0.02%
SMMT	C	0.02%
DRVN	D	0.02%
MLR	C	0.02%
EVER	D	0.02%
SWBI	F	0.02%
ACHR	F	0.02%
RILY	F	0.02%
PRLB	D	0.02%
CLNE	C	0.02%
OLMA	C	0.02%
HVT	F	0.02%
BBSI	B	0.02%
ARKO	C	0.02%
RPAY	B	0.02%
PLRX	F	0.02%
DAWN	D	0.02%
BYON	F	0.02%
STOK	C	0.02%
FWRD	D	0.02%
FOR	D	0.02%
GDRX	C	0.02%
CNSL	B	0.02%
GOOD	B	0.02%
CCO	D	0.02%
ALEX	B	0.02%
KE	D	0.02%
LBRDA	C	0.02%
BFC	C	0.02%
CCB	B	0.02%
VZIO	B	0.02%
ZYME	D	0.02%
CWH	F	0.02%
GRNT	D	0.02%
CFB	B	0.02%
WSR	A	0.02%
RCUS	D	0.02%
SAFE	C	0.02%
CENT	F	0.02%
FIP	B	0.02%
MCBC	A	0.02%
PKST	F	0.02%
CWEN	C	0.02%
PRA	F	0.02%
AOSL	A	0.02%
PWP	B	0.02%
CSTL	D	0.02%
SCVL	B	0.02%
MTTR	C	0.02%
SEAT	C	0.02%
SBGI	C	0.02%
HSII	C	0.02%
VREX	F	0.02%
SDGR	F	0.02%
NBR	D	0.02%
OPK	F	0.02%
LC	D	0.02%
CVLG	B	0.02%
FLGT	F	0.02%
CMCO	F	0.02%
AORT	A	0.02%
EVRI	C	0.02%
SD	D	0.02%
NOVA	D	0.02%
ATSG	D	0.02%
NUVB	D	0.02%
LMND	D	0.02%
MCW	C	0.02%
LGF.A	D	0.02%
JBI	F	0.02%
CGEM	D	0.02%
CPF	A	0.02%
TWI	F	0.02%
NEXT	B	0.02%
GTN	D	0.02%
TREE	D	0.02%
MMI	D	0.02%
ATUS	F	0.02%
NAPA	F	0.02%
GCT	D	0.02%
UMH	B	0.02%
NX	F	0.02%
DHC	B	0.02%
CCRN	F	0.02%
FIZZ	B	0.02%
BRY	D	0.02%
JBSS	D	0.02%
BFS	C	0.02%
MTUS	D	0.02%
LESL	F	0.02%
WNC	D	0.02%
CNXN	C	0.02%
PFBC	C	0.02%
ATMU	C	0.02%
NVEE	D	0.02%
GDEN	D	0.02%
EQBK	A	0.02%
HTZ	F	0.02%
UFCS	C	0.02%
ALX	B	0.02%
PZZA	F	0.02%
GSBC	B	0.02%
BXC	F	0.02%
BFST	C	0.02%
KROS	F	0.02%
TRTX	A	0.02%
ARHS	C	0.02%
RGNX	F	0.02%
USNA	F	0.02%
WTTR	B	0.02%
CHPT	F	0.02%
EGBN	D	0.02%
WRLD	D	0.02%
MSEX	D	0.02%
CATC	B	0.02%
HTBK	C	0.02%
WT	B	0.02%
NXRT	B	0.02%
TTGT	B	0.02%
NTST	D	0.02%
TRST	C	0.02%
AIV	C	0.02%
ARVN	D	0.02%
NUS	F	0.02%
CNDT	D	0.02%
ANAB	B	0.01%
PBI	C	0.01%
GIC	F	0.01%
ZNTL	F	0.01%
FRPH	D	0.01%
YMAB	D	0.01%
RUSHB	F	0.01%
MAX	F	0.01%
SAGE	F	0.01%
HPK	D	0.01%
REPX	B	0.01%
LEGH	B	0.01%
HRT	A	0.01%
BOWL	B	0.01%
TIPT	D	0.01%
PTLO	F	0.01%
SRRK	F	0.01%
AVO	F	0.01%
LYEL	F	0.01%
UP	F	0.01%
PGY	C	0.01%
TARS	D	0.01%
WEST	C	0.01%
TTI	D	0.01%
SANA	F	0.01%
PLPC	F	0.01%
ULCC	F	0.01%
CTOS	F	0.01%
KGS	C	0.01%
OLO	F	0.01%
HG	B	0.01%
TYRA	D	0.01%
ACDC	F	0.01%
DH	F	0.01%
CDLX	F	0.01%
HBT	B	0.01%
CTRI	F	0.01%
GOGO	D	0.01%
IIIV	C	0.01%
ROOT	D	0.01%
CHUY	F	0.01%
CHGG	F	0.01%
ALEC	D	0.01%
NKLA	F	0.01%
MITK	F	0.01%
RSI	B	0.01%
BLFS	B	0.01%
ATRI	C	0.01%
KRT	B	0.01%
TFSL	C	0.01%
FIGS	D	0.01%
OLPX	D	0.01%
TWKS	C	0.01%
LMB	B	0.01%
LEU	F	0.01%
FPI	B	0.01%
HCKT	D	0.01%
DXPE	D	0.01%
ENFN	D	0.01%
CYRX	F	0.01%
AMAL	A	0.01%
COGT	C	0.01%
QTRX	F	0.01%
CHCT	D	0.01%
TBLA	F	0.01%
LFST	F	0.01%
TITN	F	0.01%
NRDS	B	0.01%
BSIG	C	0.01%
SEMR	D	0.01%
OABI	F	0.01%
CASS	F	0.01%
PUMP	D	0.01%
FSLY	F	0.01%
BTSG	C	0.01%
CABA	F	0.01%
IDT	C	0.01%
MBIN	C	0.01%
MLAB	F	0.01%
BALY	D	0.01%
ACIC	D	0.01%
SYRE	F	0.01%
RES	F	0.01%
STER	C	0.01%
THR	C	0.01%
CLBK	D	0.01%
ULH	D	0.01%
IMXI	C	0.01%
AUPH	C	0.01%
EZPW	C	0.01%
LBPH	B	0.01%
IIIN	D	0.01%
RBCAA	C	0.01%
ETWO	D	0.01%
TILE	D	0.01%
KNSA	C	0.01%
HOUS	F	0.01%
BMBL	D	0.01%
ATRO	B	0.01%
LILA	B	0.01%
SWI	B	0.01%
SNCY	D	0.01%
UHT	B	0.01%
CBL	B	0.01%
ACCD	F	0.01%
GMRE	B	0.01%
BELFB	B	0.01%
AMBC	D	0.01%
SAVA	F	0.01%
TRUP	B	0.01%
REX	D	0.01%
PLOW	D	0.01%
VRDN	D	0.01%
NPK	D	0.01%
UTZ	D	0.01%
TTEC	F	0.0%
ADTN	D	0.0%
SMBC	B	0.0%
RGP	D	0.0%
GYRE	F	0.0%
ACTG	D	0.0%
EWCZ	F	0.0%
TH	D	0.0%
ALXO	F	0.0%
PARAA	D	0.0%
ORIC	F	0.0%

ISCV Underweight 47 Positions Relative to FMAT

Symbol	Grade	Weight
LIN	B	-15.99%
SHW	D	-5.4%
FCX	D	-5.22%
ECL	B	-4.65%
APD	D	-4.41%
NEM	B	-3.64%
CTVA	C	-2.83%
DOW	D	-2.81%
NUE	D	-2.81%
DD	B	-2.52%
MLM	D	-2.5%
VMC	D	-2.47%
PPG	D	-2.22%
LYB	C	-1.88%
IFF	B	-1.84%
BALL	D	-1.45%
STLD	C	-1.42%
AVY	C	-1.36%
PKG	B	-1.24%
RS	D	-1.21%
CE	F	-1.14%
AMCR	C	-1.07%
IP	B	-1.07%
CF	D	-1.06%
RPM	D	-1.04%
WRK	D	-0.96%
EMN	C	-0.86%
ALB	F	-0.85%
MOS	D	-0.72%
CCK	F	-0.7%
EXP	D	-0.56%
ATI	C	-0.53%
WLK	D	-0.42%
CRS	B	-0.4%
BCPC	B	-0.37%
SUM	D	-0.34%
IOSP	C	-0.23%
KWR	D	-0.18%
MTRN	D	-0.17%
MP	F	-0.14%
HWKN	A	-0.13%
ASPN	C	-0.11%
CENX	C	-0.07%
HAYN	C	-0.06%
USLM	B	-0.06%
GATO	D	-0.03%
ZEUS	F	-0.03%