ISCV vs. FSMD ETF Comparison

Comparison of iShares Morningstar Small-Cap Value ETF (ISCV) to Fidelity Small-Mid Factor ETF (FSMD)

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

$57.29

Average Daily Volume

11,131

Number of Holdings ^*

1132

* may have additional holdings in another (foreign) market

FSMD

Fidelity Small-Mid Factor ETF

FSMD Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Factor Index℠, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index℠.

Grade (RS Rating)

Last Trade

$37.22

Average Daily Volume

58,012

Number of Holdings ^*

570

* may have additional holdings in another (foreign) market

Performance

Period	ISCV	FSMD
30 Days	-2.88%	-1.67%
60 Days	-3.51%	-1.62%
90 Days	-3.39%	-1.78%
12 Months	9.61%	15.06%

328 Overlapping Holdings

Symbol	Grade	Weight in ISCV	Weight in FSMD	Overlap
ABG	D	0.22%	0.17%	0.17%
ACIW	A	0.05%	0.17%	0.05%
ACT	C	0.04%	0.12%	0.04%
AEO	F	0.07%	0.15%	0.07%
AGCO	F	0.29%	0.17%	0.17%
AGM	B	0.05%	0.12%	0.05%
AGX	C	0.02%	0.14%	0.02%
AIZ	D	0.41%	0.24%	0.24%
ALE	C	0.17%	0.15%	0.15%
ALKS	C	0.09%	0.15%	0.09%
ALSN	D	0.19%	0.21%	0.19%
ALV	D	0.19%	0.23%	0.19%
AMAL	B	0.01%	0.11%	0.01%
AMED	A	0.1%	0.14%	0.1%
AMG	D	0.13%	0.19%	0.13%
AMKR	B	0.11%	0.16%	0.11%
AMN	F	0.09%	0.09%	0.09%
AMR	D	0.11%	0.11%	0.11%
AMRX	C	0.04%	0.12%	0.04%
AMWD	F	0.03%	0.09%	0.03%
AN	D	0.2%	0.17%	0.17%
ANDE	D	0.05%	0.1%	0.05%
APAM	D	0.06%	0.14%	0.06%
ARCB	D	0.07%	0.11%	0.07%
ARCH	C	0.14%	0.11%	0.11%
ARW	D	0.3%	0.19%	0.19%
ASGN	D	0.13%	0.15%	0.13%
ASO	F	0.18%	0.14%	0.14%
ATGE	A	0.06%	0.17%	0.06%
ATKR	F	0.13%	0.16%	0.13%
ATR	D	0.14%	0.24%	0.14%
AVA	D	0.13%	0.13%	0.13%
AVT	D	0.22%	0.17%	0.17%
AX	B	0.07%	0.15%	0.07%
AXS	C	0.26%	0.21%	0.21%
AXTA	D	0.1%	0.2%	0.1%
AYI	D	0.11%	0.21%	0.11%
AZZ	D	0.05%	0.13%	0.05%
BC	F	0.13%	0.16%	0.13%
BCC	F	0.22%	0.15%	0.15%
BCO	B	0.07%	0.18%	0.07%
BDC	C	0.07%	0.16%	0.07%
BDN	D	0.04%	0.1%	0.04%
BELFB	C	0.01%	0.08%	0.01%
BERY	D	0.32%	0.18%	0.18%
BFST	D	0.03%	0.1%	0.03%
BKE	D	0.05%	0.1%	0.05%
BKH	D	0.18%	0.15%	0.15%
BLKB	D	0.08%	0.12%	0.08%
BNL	B	0.09%	0.14%	0.09%
BPOP	D	0.3%	0.21%	0.21%
BRC	B	0.07%	0.14%	0.07%
BRX	B	0.21%	0.21%	0.21%
BTU	C	0.13%	0.12%	0.12%
BWA	F	0.35%	0.21%	0.21%
BXMT	C	0.13%	0.14%	0.13%
BYD	C	0.18%	0.14%	0.14%
CACC	B	0.15%	0.14%	0.14%
CACI	B	0.14%	0.26%	0.14%
CALM	B	0.13%	0.13%	0.13%
CASH	B	0.04%	0.13%	0.04%
CASS	D	0.01%	0.09%	0.01%
CATY	D	0.12%	0.13%	0.12%
CCOI	D	0.12%	0.11%	0.11%
CCRN	F	0.02%	0.06%	0.02%
CCS	D	0.07%	0.12%	0.07%
CEIX	B	0.09%	0.16%	0.09%
CENTA	D	0.08%	0.12%	0.08%
CHCO	C	0.05%	0.12%	0.05%
CHRD	C	0.51%	0.23%	0.23%
CHRW	C	0.48%	0.27%	0.27%
CLW	D	0.04%	0.11%	0.04%
CMC	D	0.29%	0.19%	0.19%
CNO	B	0.14%	0.15%	0.14%
CNX	C	0.12%	0.19%	0.12%
CNXN	D	0.02%	0.08%	0.02%
COLB	D	0.19%	0.17%	0.17%
COLL	C	0.05%	0.11%	0.05%
COOP	D	0.24%	0.21%	0.21%
CORT	C	0.06%	0.19%	0.06%
CPRX	D	0.04%	0.13%	0.04%
CR	C	0.1%	0.21%	0.1%
CRC	C	0.17%	0.17%	0.17%
CRI	F	0.11%	0.11%	0.11%
CRUS	A	0.22%	0.24%	0.22%
CTBI	C	0.03%	0.11%	0.03%
CTRE	A	0.17%	0.15%	0.15%
CUBI	B	0.07%	0.11%	0.07%
CUZ	D	0.15%	0.15%	0.15%
CVI	F	0.04%	0.09%	0.04%
CWEN	D	0.02%	0.13%	0.02%
CWEN	D	0.04%	0.13%	0.04%
CXW	D	0.07%	0.09%	0.07%
DBX	D	0.15%	0.15%	0.15%
DDS	D	0.08%	0.12%	0.08%
DEA	B	0.06%	0.11%	0.06%
DEI	D	0.09%	0.12%	0.09%
DIOD	C	0.1%	0.13%	0.1%
DORM	C	0.04%	0.14%	0.04%
DTM	B	0.32%	0.25%	0.25%
DXC	C	0.15%	0.13%	0.13%
EBF	B	0.03%	0.09%	0.03%
ELAN	D	0.33%	0.21%	0.21%
ENS	C	0.1%	0.15%	0.1%
ENVA	B	0.08%	0.14%	0.08%
EPR	C	0.15%	0.14%	0.14%
EPRT	A	0.09%	0.17%	0.09%
EQC	C	0.1%	0.13%	0.1%
ESAB	D	0.07%	0.18%	0.07%
ESGR	A	0.18%	0.17%	0.17%
ESI	B	0.18%	0.19%	0.18%
ESNT	C	0.28%	0.2%	0.2%
ETD	D	0.03%	0.09%	0.03%
ETRN	D	0.27%	0.22%	0.22%
EVR	A	0.26%	0.24%	0.24%
EVTC	F	0.06%	0.11%	0.06%
EWBC	D	0.48%	0.28%	0.28%
FBP	B	0.14%	0.16%	0.14%
FCF	B	0.07%	0.12%	0.07%
FIZZ	B	0.02%	0.11%	0.02%
FLS	D	0.12%	0.2%	0.12%
FNB	C	0.23%	0.18%	0.18%
FOR	F	0.02%	0.09%	0.02%
FRT	C	0.19%	0.22%	0.19%
FTDR	D	0.07%	0.13%	0.07%
FUL	D	0.08%	0.14%	0.08%
FULT	D	0.14%	0.15%	0.14%
GEF	F	0.01%	0.09%	0.01%
GEF	F	0.07%	0.09%	0.07%
GEO	B	0.09%	0.13%	0.09%
GHC	D	0.12%	0.13%	0.12%
GIC	F	0.01%	0.06%	0.01%
GIII	F	0.05%	0.09%	0.05%
GL	D	0.36%	0.19%	0.19%
GMED	B	0.14%	0.26%	0.14%
GMS	D	0.15%	0.13%	0.13%
GOLF	C	0.05%	0.12%	0.05%
GPI	D	0.19%	0.17%	0.17%
GPK	D	0.2%	0.21%	0.2%
GPOR	D	0.09%	0.15%	0.09%
GRBK	C	0.08%	0.12%	0.08%
HAS	D	0.22%	0.24%	0.22%
HCC	C	0.18%	0.12%	0.12%
HCKT	D	0.01%	0.08%	0.01%
HE	F	0.04%	0.07%	0.04%
HELE	F	0.1%	0.11%	0.1%
HIW	C	0.13%	0.14%	0.13%
HLI	A	0.14%	0.23%	0.14%
HNI	C	0.06%	0.12%	0.06%
HOG	F	0.21%	0.16%	0.16%
HRB	B	0.23%	0.24%	0.23%
HSIC	D	0.39%	0.22%	0.22%
HUBG	C	0.13%	0.12%	0.12%
HVT	F	0.01%	0.07%	0.01%
IART	C	0.09%	0.1%	0.09%
IBCP	B	0.03%	0.11%	0.03%
IBOC	C	0.07%	0.15%	0.07%
IDA	D	0.15%	0.16%	0.15%
IDYA	F	0.04%	0.11%	0.04%
IMKTA	F	0.05%	0.08%	0.05%
INFA	B	0.12%	0.09%	0.09%
INGR	D	0.23%	0.22%	0.22%
INSW	C	0.1%	0.15%	0.1%
INVA	B	0.04%	0.11%	0.04%
IRWD	F	0.04%	0.06%	0.04%
ITGR	C	0.04%	0.17%	0.04%
JAZZ	F	0.31%	0.2%	0.2%
JBI	D	0.02%	0.09%	0.02%
JBSS	D	0.02%	0.09%	0.02%
JJSF	B	0.05%	0.13%	0.05%
JLL	B	0.31%	0.26%	0.26%
JXN	C	0.22%	0.23%	0.22%
KBH	D	0.21%	0.19%	0.19%
KD	C	0.29%	0.2%	0.2%
KELYA	D	0.03%	0.09%	0.03%
KFRC	D	0.03%	0.09%	0.03%
KNX	C	0.13%	0.21%	0.13%
KRC	F	0.18%	0.13%	0.13%
KREF	D	0.03%	0.08%	0.03%
KTB	D	0.17%	0.15%	0.15%
LAD	F	0.33%	0.19%	0.19%
LAMR	B	0.27%	0.28%	0.27%
LAUR	C	0.05%	0.14%	0.05%
LBRDK	C	0.11%	0.19%	0.11%
LCII	F	0.08%	0.12%	0.08%
LEA	F	0.19%	0.19%	0.19%
LPG	C	0.08%	0.13%	0.08%
LRN	D	0.04%	0.15%	0.04%
LSTR	D	0.17%	0.19%	0.17%
LTC	A	0.07%	0.12%	0.07%
LZB	C	0.08%	0.12%	0.08%
MATX	B	0.14%	0.17%	0.14%
MGEE	D	0.07%	0.14%	0.07%
MGY	B	0.21%	0.21%	0.21%
MHK	D	0.28%	0.19%	0.19%
MHO	D	0.16%	0.14%	0.14%
MITK	F	0.01%	0.07%	0.01%
MLI	C	0.15%	0.2%	0.15%
MLR	D	0.01%	0.11%	0.01%
MMS	B	0.16%	0.17%	0.16%
MOG.A	C	0.06%	0.18%	0.06%
MPW	F	0.12%	0.15%	0.12%
MSA	C	0.13%	0.21%	0.13%
MSM	F	0.09%	0.12%	0.09%
MTG	B	0.27%	0.2%	0.2%
MTH	D	0.27%	0.2%	0.2%
MTN	F	0.14%	0.19%	0.14%
MTX	C	0.13%	0.13%	0.13%
MUR	D	0.3%	0.21%	0.21%
NAVI	F	0.06%	0.1%	0.06%
NEOG	C	0.16%	0.15%	0.15%
NEU	D	0.12%	0.12%	0.12%
NFG	D	0.24%	0.18%	0.18%
NHC	A	0.04%	0.13%	0.04%
NMIH	B	0.12%	0.15%	0.12%
NNN	B	0.2%	0.23%	0.2%
NSIT	C	0.13%	0.17%	0.13%
NWLI	A	0.03%	0.12%	0.03%
NXST	B	0.25%	0.18%	0.18%
NYCB	D	0.12%	0.09%	0.09%
OABI	D	0.01%	0.06%	0.01%
OEC	F	0.03%	0.09%	0.03%
OFG	B	0.08%	0.12%	0.08%
OGE	C	0.34%	0.21%	0.21%
OGS	C	0.16%	0.14%	0.14%
OHI	B	0.39%	0.25%	0.25%
OMCL	F	0.06%	0.1%	0.06%
OMF	D	0.26%	0.19%	0.19%
ORI	D	0.37%	0.24%	0.24%
OSBC	B	0.03%	0.11%	0.03%
OSIS	C	0.04%	0.11%	0.04%
OSK	D	0.22%	0.2%	0.2%
OTTR	D	0.1%	0.14%	0.1%
OZK	D	0.21%	0.16%	0.16%
PARR	F	0.07%	0.09%	0.07%
PATK	D	0.07%	0.13%	0.07%
PBF	F	0.23%	0.18%	0.18%
PBH	C	0.09%	0.16%	0.09%
PDM	B	0.04%	0.1%	0.04%
PEBO	D	0.05%	0.11%	0.05%
PETQ	B	0.03%	0.12%	0.03%
PFBC	D	0.02%	0.12%	0.02%
PHIN	D	0.09%	0.14%	0.09%
PINC	F	0.09%	0.12%	0.09%
PLAB	D	0.07%	0.09%	0.07%
PLPC	F	0.01%	0.08%	0.01%
PLTK	F	0.03%	0.11%	0.03%
PLUS	D	0.05%	0.1%	0.05%
PLXS	D	0.05%	0.13%	0.05%
PNW	C	0.41%	0.24%	0.24%
POR	D	0.13%	0.16%	0.13%
PRDO	C	0.03%	0.13%	0.03%
PRGS	B	0.11%	0.11%	0.11%
PRI	C	0.16%	0.24%	0.16%
PSN	C	0.1%	0.16%	0.1%
QCRH	C	0.03%	0.11%	0.03%
QTRX	F	0.01%	0.06%	0.01%
RAMP	C	0.03%	0.09%	0.03%
RDN	B	0.12%	0.18%	0.12%
REX	F	0.01%	0.12%	0.01%
RGLD	B	0.17%	0.22%	0.17%
RHI	F	0.11%	0.18%	0.11%
RL	C	0.11%	0.23%	0.11%
RUSHA	F	0.05%	0.11%	0.05%
SAIC	D	0.17%	0.18%	0.17%
SANM	C	0.11%	0.15%	0.11%
SATS	B	0.11%	0.16%	0.11%
SCHL	D	0.04%	0.1%	0.04%
SCS	C	0.05%	0.1%	0.05%
SEIC	D	0.11%	0.2%	0.11%
SF	B	0.4%	0.26%	0.26%
SFM	B	0.11%	0.28%	0.11%
SHOO	C	0.1%	0.14%	0.1%
SIGI	F	0.18%	0.19%	0.18%
SKT	D	0.05%	0.14%	0.05%
SKWD	D	0.03%	0.13%	0.03%
SKYW	B	0.06%	0.17%	0.06%
SLVM	D	0.12%	0.14%	0.12%
SNEX	B	0.06%	0.14%	0.06%
SON	F	0.23%	0.15%	0.15%
SRCE	B	0.05%	0.11%	0.05%
STAG	B	0.18%	0.2%	0.18%
SUPN	F	0.06%	0.11%	0.06%
SWI	B	0.01%	0.08%	0.01%
SWN	D	0.24%	0.24%	0.24%
SXC	D	0.04%	0.08%	0.04%
SXI	D	0.03%	0.11%	0.03%
TDC	C	0.06%	0.11%	0.06%
TEX	D	0.17%	0.13%	0.13%
TGNA	D	0.11%	0.13%	0.11%
THO	D	0.12%	0.16%	0.12%
TMHC	D	0.26%	0.2%	0.2%
TNC	D	0.03%	0.11%	0.03%
TNET	F	0.1%	0.12%	0.1%
TNL	D	0.15%	0.15%	0.15%
TPH	D	0.16%	0.16%	0.16%
TPX	D	0.1%	0.23%	0.1%
TTC	C	0.19%	0.25%	0.19%
UFPI	D	0.15%	0.2%	0.15%
UMBF	C	0.18%	0.16%	0.16%
URBN	C	0.06%	0.13%	0.06%
USM	B	0.04%	0.13%	0.04%
USPH	F	0.03%	0.11%	0.03%
UVV	D	0.06%	0.09%	0.06%
VCTR	D	0.05%	0.16%	0.05%
VGR	C	0.07%	0.1%	0.07%
VIRT	C	0.09%	0.16%	0.09%
VLY	F	0.14%	0.12%	0.12%
VNO	C	0.21%	0.15%	0.15%
VNT	D	0.11%	0.18%	0.11%
VOYA	D	0.22%	0.22%	0.22%
VSH	D	0.12%	0.12%	0.12%
VSTO	B	0.09%	0.15%	0.09%
WABC	D	0.06%	0.12%	0.06%
WBS	D	0.36%	0.22%	0.22%
WEN	F	0.06%	0.12%	0.06%
WGO	F	0.07%	0.1%	0.07%
WH	C	0.2%	0.19%	0.19%
WOR	F	0.07%	0.1%	0.07%
WRLD	D	0.02%	0.09%	0.02%
WS	C	0.03%	0.09%	0.03%
WTFC	D	0.29%	0.2%	0.2%
WU	D	0.2%	0.17%	0.17%
X	C	0.42%	0.21%	0.21%
XRAY	F	0.24%	0.16%	0.16%
YELP	F	0.05%	0.12%	0.05%
ZD	F	0.12%	0.12%	0.12%
ZION	C	0.31%	0.21%	0.21%

ISCV Overweight 804 Positions Relative to FSMD

Symbol	Grade	Weight
RIVN	C	0.5%
NLY	C	0.45%
TPR	C	0.44%
PR	C	0.41%
BBWI	F	0.4%
FHN	C	0.4%
RRC	D	0.39%
FBIN	F	0.38%
FLR	B	0.36%
AA	B	0.36%
Z	C	0.35%
CBSH	C	0.34%
WCC	D	0.34%
MTDR	D	0.34%
FMC	F	0.33%
WAL	B	0.33%
AGNC	A	0.33%
CMA	C	0.32%
AAL	F	0.32%
CVNA	B	0.32%
PARA	C	0.31%
CROX	C	0.3%
PNFP	D	0.29%
GME	C	0.29%
SSB	D	0.28%
DAR	F	0.28%
SNV	B	0.28%
PVH	F	0.28%
STWD	D	0.27%
ST	C	0.27%
PB	D	0.27%
ONB	B	0.26%
FAF	D	0.26%
OLN	F	0.26%
WHR	C	0.26%
BECN	D	0.26%
JEF	B	0.25%
ALK	F	0.25%
RITM	D	0.25%
OGN	C	0.25%
SM	D	0.25%
VMI	C	0.25%
LNC	C	0.25%
W	D	0.24%
SEE	F	0.24%
CIVI	D	0.24%
CADE	D	0.24%
FYBR	B	0.23%
CZR	C	0.23%
IVZ	D	0.23%
G	D	0.23%
M	C	0.23%
SLM	D	0.22%
GNRC	C	0.22%
MDU	C	0.22%
MKSI	B	0.22%
UGI	D	0.22%
FLO	D	0.21%
JHG	B	0.21%
ROIV	D	0.2%
GBCI	D	0.2%
UBSI	D	0.2%
VFC	D	0.2%
AVNT	D	0.19%
SIG	D	0.19%
SWX	D	0.19%
MC	A	0.19%
HWC	C	0.19%
PII	F	0.19%
CFR	D	0.19%
CPRI	D	0.18%
MAT	F	0.17%
SRCL	B	0.17%
MIDD	F	0.17%
GXO	F	0.17%
LSXMK	C	0.17%
BIO	D	0.17%
PRGO	F	0.17%
HP	D	0.17%
SLG	B	0.17%
NOG	C	0.17%
KMPR	C	0.17%
SBRA	A	0.16%
RVMD	D	0.16%
CIEN	F	0.16%
CXT	D	0.16%
MAN	D	0.16%
AM	B	0.16%
ABCB	C	0.16%
ADC	B	0.16%
LBRT	D	0.16%
CC	F	0.16%
SLGN	D	0.16%
SR	C	0.16%
PK	D	0.15%
COLD	C	0.15%
ASB	D	0.15%
EAT	C	0.15%
GT	F	0.15%
WD	D	0.15%
CYTK	D	0.15%
PNM	D	0.15%
LPX	D	0.15%
MAC	D	0.15%
TCBI	C	0.14%
FFIN	D	0.14%
CLF	D	0.14%
CNXC	C	0.14%
LBTYA	B	0.14%
GTES	D	0.14%
WEX	D	0.14%
R	B	0.14%
NJR	D	0.14%
UCBI	D	0.14%
VC	D	0.14%
LBTYK	C	0.14%
FHB	C	0.13%
CRSP	F	0.13%
PFSI	B	0.13%
RUN	F	0.13%
GATX	B	0.13%
LXP	B	0.13%
KOS	F	0.13%
FHI	C	0.13%
NOV	D	0.13%
BHF	F	0.13%
NVST	F	0.13%
HOMB	D	0.13%
REXR	C	0.13%
MKTX	C	0.13%
NWE	D	0.13%
LYFT	F	0.13%
KEX	B	0.12%
CBU	B	0.12%
NWL	F	0.12%
ETSY	F	0.12%
DNB	F	0.12%
IAC	F	0.12%
PENN	C	0.12%
VAC	F	0.12%
ABR	B	0.12%
TKR	D	0.12%
AUB	C	0.12%
AL	C	0.12%
FIBK	B	0.12%
BFH	B	0.11%
ASH	D	0.11%
CVBF	C	0.11%
ADT	B	0.11%
HUN	F	0.11%
GPS	C	0.11%
BOH	F	0.11%
ENOV	F	0.11%
AUR	C	0.11%
JWN	B	0.11%
RIG	F	0.11%
WAFD	C	0.11%
POWI	D	0.11%
KSS	F	0.11%
ZG	C	0.11%
POST	C	0.11%
PPBI	F	0.1%
SITE	F	0.1%
TDS	B	0.1%
SFBS	C	0.1%
TTMI	B	0.1%
PRK	B	0.1%
INDB	D	0.1%
AEIS	C	0.1%
BOKF	D	0.1%
FFBC	D	0.1%
THG	D	0.1%
NATL	B	0.1%
EEFT	D	0.1%
SFNC	D	0.1%
BKU	C	0.1%
CAKE	C	0.09%
WOLF	F	0.09%
NBTB	B	0.09%
HASI	D	0.09%
PFS	D	0.09%
QS	F	0.09%
NXT	F	0.09%
PCH	F	0.09%
ALIT	F	0.09%
HTLF	B	0.09%
LEVI	D	0.09%
LGIH	F	0.09%
HL	C	0.09%
MBC	F	0.09%
AGL	D	0.09%
BANC	D	0.09%
VYX	C	0.09%
WLY	A	0.09%
PIPR	A	0.09%
FL	D	0.09%
CAR	F	0.09%
TDW	C	0.09%
IRT	B	0.09%
PRKS	B	0.09%
TOWN	B	0.09%
SEM	A	0.09%
ENR	C	0.09%
JBLU	C	0.09%
ALTM	F	0.09%
PDCO	F	0.09%
FRME	D	0.09%
TROX	D	0.09%
B	B	0.09%
H	C	0.09%
STR	B	0.09%
VRNT	C	0.09%
EPC	B	0.09%
AAP	F	0.09%
MASI	F	0.09%
CABO	F	0.08%
REZI	D	0.08%
HLMN	D	0.08%
MRCY	D	0.08%
LITE	B	0.08%
OI	F	0.08%
FCPT	B	0.08%
IBTX	B	0.08%
CORZ	B	0.08%
SITC	B	0.08%
WSBC	D	0.08%
HBI	C	0.08%
BANR	C	0.08%
BOOT	B	0.08%
CWK	C	0.08%
WHD	C	0.08%
BEAM	D	0.08%
TRMK	C	0.08%
BGC	C	0.08%
HRI	F	0.08%
DRH	D	0.08%
STC	D	0.08%
KMT	F	0.08%
THS	C	0.08%
HI	F	0.08%
RYN	D	0.08%
HGV	D	0.08%
PTEN	F	0.08%
RKT	C	0.08%
DNLI	C	0.07%
RH	D	0.07%
ODP	F	0.07%
BUSE	B	0.07%
AGO	D	0.07%
AMC	C	0.07%
CNK	A	0.07%
MQ	C	0.07%
NBHC	B	0.07%
CWT	C	0.07%
VAL	B	0.07%
NNI	C	0.07%
NWBI	C	0.07%
JOBY	C	0.07%
CPK	C	0.07%
AMBA	B	0.07%
WTM	D	0.07%
FBK	B	0.07%
KNF	C	0.07%
HTH	D	0.07%
NGVT	F	0.07%
KALU	D	0.07%
ARWR	C	0.07%
PRFT	B	0.07%
SXT	C	0.07%
UPBD	D	0.07%
NMRK	C	0.07%
CMPR	B	0.07%
GNL	C	0.07%
EFSC	C	0.07%
PRG	D	0.07%
LEG	F	0.07%
SMG	D	0.07%
IPGP	D	0.07%
ABM	B	0.07%
SPR	B	0.07%
IIPR	B	0.07%
BLMN	F	0.07%
OXM	D	0.07%
DK	F	0.07%
WKC	B	0.07%
FCFS	F	0.07%
AROC	B	0.07%
KFY	B	0.07%
GBX	D	0.07%
TPG	D	0.07%
QDEL	F	0.07%
COLM	D	0.07%
DAN	F	0.07%
CBT	D	0.07%
WSFS	B	0.07%
KN	D	0.07%
NSA	B	0.07%
CRGY	B	0.06%
CDE	A	0.06%
SYNA	F	0.06%
STEL	D	0.06%
PTON	F	0.06%
ICUI	B	0.06%
OUT	C	0.06%
PMT	C	0.06%
SPNT	D	0.06%
SLCA	B	0.06%
ADEA	C	0.06%
UAA	F	0.06%
WERN	F	0.06%
TGTX	B	0.06%
SGH	B	0.06%
YETI	F	0.06%
PLAY	F	0.06%
DYN	B	0.06%
RXO	B	0.06%
STEP	B	0.06%
STBA	B	0.06%
TCBK	C	0.06%
SNDR	B	0.06%
HOPE	C	0.06%
GVA	B	0.06%
CLVT	F	0.06%
MORF	C	0.06%
ARI	D	0.06%
NTCT	D	0.06%
RNG	F	0.06%
FBNC	C	0.06%
COMP	C	0.06%
DBD	C	0.06%
MSGS	B	0.06%
JBGS	B	0.06%
FOXF	C	0.06%
BKD	C	0.06%
ZI	F	0.06%
HMN	D	0.06%
LADR	A	0.06%
CDP	B	0.06%
NWN	F	0.06%
ELME	C	0.06%
XRX	F	0.06%
RC	C	0.06%
AIR	B	0.06%
LSXMA	C	0.06%
CODI	D	0.06%
AKR	A	0.06%
TWO	B	0.06%
HHH	D	0.05%
TDOC	F	0.05%
CRK	D	0.05%
UA	F	0.05%
ECPG	D	0.05%
PEB	D	0.05%
TPC	C	0.05%
EFC	B	0.05%
LKFN	D	0.05%
TFIN	B	0.05%
GFF	D	0.05%
MSGE	D	0.05%
MLKN	D	0.05%
BHLB	C	0.05%
TRS	D	0.05%
PRIM	D	0.05%
AHR	A	0.05%
CIM	C	0.05%
CNNE	D	0.05%
WWW	C	0.05%
SABR	D	0.05%
LUMN	F	0.05%
FBRT	C	0.05%
IVT	C	0.05%
OPEN	F	0.05%
CSR	B	0.05%
TRN	D	0.05%
LILAK	B	0.05%
MRC	D	0.05%
JBT	F	0.05%
ROIC	C	0.05%
GTX	D	0.05%
REVG	D	0.05%
SJW	D	0.05%
LGF.A	D	0.05%
VBTX	C	0.05%
KURA	D	0.05%
MFA	B	0.05%
PECO	C	0.05%
KW	C	0.05%
SASR	C	0.05%
HLF	C	0.05%
JELD	F	0.05%
VSCO	D	0.05%
SCSC	D	0.05%
KLG	F	0.05%
GO	D	0.05%
AGIO	C	0.05%
VTLE	D	0.05%
CAL	F	0.05%
CSGS	F	0.05%
SBH	D	0.05%
ADNT	F	0.05%
UNF	B	0.05%
VSAT	F	0.05%
CARS	C	0.04%
MATW	F	0.04%
MCY	C	0.04%
TGI	B	0.04%
AHH	B	0.04%
PFC	D	0.04%
DX	D	0.04%
BRSP	D	0.04%
DFIN	D	0.04%
FTRE	D	0.04%
MGNI	B	0.04%
HY	D	0.04%
DCOM	C	0.04%
UE	B	0.04%
NVCR	D	0.04%
SAH	D	0.04%
HCSG	D	0.04%
BHE	D	0.04%
TALO	F	0.04%
BRKL	D	0.04%
KNTK	B	0.04%
CHEF	A	0.04%
FOLD	C	0.04%
PTCT	D	0.04%
SEB	F	0.04%
ALGT	F	0.04%
SBSI	D	0.04%
SNDX	C	0.04%
APOG	D	0.04%
ESRT	C	0.04%
FDP	F	0.04%
BBIO	D	0.04%
VIR	F	0.04%
AXL	F	0.04%
AMSF	F	0.04%
ULS	B	0.04%
HAYW	F	0.04%
CMTG	D	0.04%
SBCF	D	0.04%
TXG	F	0.04%
SVC	F	0.04%
AESI	C	0.04%
UTL	D	0.04%
RWT	B	0.04%
AIN	D	0.04%
PGRE	C	0.04%
MWA	C	0.04%
NEO	D	0.04%
SSTK	F	0.04%
SHEN	C	0.04%
HLIO	D	0.04%
UPWK	D	0.04%
RCKT	F	0.04%
CBRL	F	0.04%
TNDM	C	0.04%
MATV	D	0.04%
GNK	D	0.04%
VSTS	F	0.04%
RRR	B	0.04%
NPO	D	0.04%
SCL	D	0.04%
EBC	B	0.04%
MXL	B	0.04%
SEDG	F	0.04%
OCFC	B	0.04%
OBK	D	0.04%
DLX	D	0.04%
GTY	D	0.04%
JACK	F	0.04%
REYN	D	0.04%
VRTS	D	0.04%
BANF	D	0.04%
ARR	B	0.04%
NUS	F	0.03%
AIV	B	0.03%
HTBK	C	0.03%
ACEL	D	0.03%
DBRG	F	0.03%
CATC	B	0.03%
NYMT	F	0.03%
CNDT	D	0.03%
TRST	C	0.03%
MGPI	F	0.03%
AMRC	F	0.03%
PLYM	B	0.03%
KAR	C	0.03%
SMP	F	0.03%
EGBN	F	0.03%
PCT	C	0.03%
FA	C	0.03%
THRY	F	0.03%
LPRO	F	0.03%
AKRO	C	0.03%
HBNC	D	0.03%
BV	C	0.03%
AMRK	C	0.03%
AMTB	C	0.03%
FCBC	B	0.03%
DO	C	0.03%
ASIX	F	0.03%
RYI	F	0.03%
MD	F	0.03%
MCBS	B	0.03%
RKLB	B	0.03%
RLJ	F	0.03%
VTS	B	0.03%
HTLD	C	0.03%
BGS	F	0.03%
AVNS	F	0.03%
VRE	D	0.03%
HAIN	D	0.03%
TLRY	D	0.03%
HUT	B	0.03%
NR	C	0.03%
ETNB	F	0.03%
VVX	C	0.03%
SPTN	F	0.03%
LGND	B	0.03%
HZO	C	0.03%
STGW	C	0.03%
EYE	F	0.03%
TMP	C	0.03%
INN	D	0.03%
HFWA	D	0.03%
CHPT	D	0.03%
PLUG	F	0.03%
HPP	D	0.03%
SAFT	D	0.03%
VTOL	C	0.03%
MBWM	C	0.03%
SBOW	B	0.03%
DNOW	D	0.03%
SHC	C	0.03%
PPC	B	0.03%
MBUU	F	0.03%
ASTE	F	0.03%
DVAX	D	0.03%
UNIT	D	0.03%
UVSP	B	0.03%
SYBT	C	0.03%
BY	B	0.03%
MNRO	F	0.03%
CFFN	C	0.03%
CNOB	F	0.03%
FG	D	0.03%
NVRI	C	0.03%
EGY	C	0.03%
EMBC	F	0.03%
EIG	C	0.03%
AAT	B	0.03%
PSMT	D	0.03%
INFN	B	0.03%
VECO	B	0.03%
RGR	F	0.03%
WMK	D	0.03%
RDFN	F	0.03%
MRTN	C	0.03%
FBMS	D	0.03%
PRAA	F	0.03%
NIC	C	0.03%
NVAX	C	0.03%
UNFI	C	0.03%
DOCN	C	0.03%
FMBH	B	0.03%
VIAV	D	0.03%
HEES	F	0.03%
GABC	B	0.03%
ATRO	C	0.02%
CBL	B	0.02%
PLRX	F	0.02%
BBSI	B	0.02%
UHT	C	0.02%
BYON	F	0.02%
RCUS	F	0.02%
DAWN	D	0.02%
GDRX	B	0.02%
MERC	F	0.02%
FWRD	D	0.02%
CNSL	B	0.02%
EVER	C	0.02%
IE	C	0.02%
GOOD	B	0.02%
CMP	F	0.02%
ALEX	B	0.02%
KE	F	0.02%
PRLB	D	0.02%
DRVN	C	0.02%
VZIO	B	0.02%
ZYME	C	0.02%
BFC	D	0.02%
LBRDA	C	0.02%
WSR	B	0.02%
CCB	C	0.02%
PKST	F	0.02%
ACHR	C	0.02%
CENT	F	0.02%
CFB	B	0.02%
CWH	F	0.02%
SAFE	F	0.02%
PRA	F	0.02%
OPK	D	0.02%
SCVL	C	0.02%
CSTL	F	0.02%
GRNT	C	0.02%
CMCO	F	0.02%
LXU	F	0.02%
HSII	D	0.02%
METC	D	0.02%
SEAT	C	0.02%
FLGT	F	0.02%
VREX	F	0.02%
NBR	F	0.02%
LESL	F	0.02%
MCBC	A	0.02%
AOSL	B	0.02%
NUVB	C	0.02%
KOP	F	0.02%
CCO	C	0.02%
CVLG	C	0.02%
NOVA	D	0.02%
RDUS	F	0.02%
MCW	F	0.02%
LC	C	0.02%
MTTR	C	0.02%
LMND	C	0.02%
SD	D	0.02%
FIP	B	0.02%
EVRI	C	0.02%
SDGR	F	0.02%
NEXT	C	0.02%
RGNX	F	0.02%
NX	F	0.02%
CGEM	D	0.02%
LGF.A	D	0.02%
PWP	B	0.02%
CPF	B	0.02%
PZZA	F	0.02%
MMI	D	0.02%
TWI	F	0.02%
NAPA	F	0.02%
HTZ	F	0.02%
SBGI	C	0.02%
AORT	B	0.02%
ATSG	C	0.02%
KROS	F	0.02%
LBPH	B	0.02%
ATUS	F	0.02%
MTUS	F	0.02%
GTN	F	0.02%
ATMU	C	0.02%
GDEN	F	0.02%
ARHS	C	0.02%
PTVE	F	0.02%
BFS	C	0.02%
UMH	A	0.02%
TREE	C	0.02%
UFCS	D	0.02%
NVEE	F	0.02%
BXC	F	0.02%
PCRX	F	0.02%
BRY	D	0.02%
TRTX	B	0.02%
WNC	F	0.02%
OMI	F	0.02%
GCT	C	0.02%
EQBK	B	0.02%
ALX	B	0.02%
GSBC	C	0.02%
WTTR	B	0.02%
NTST	D	0.02%
USNA	F	0.02%
DIN	F	0.02%
ECVT	D	0.02%
ARVN	F	0.02%
TTGT	B	0.02%
MSEX	C	0.02%
PRM	B	0.02%
WT	B	0.02%
NXRT	C	0.02%
DHC	B	0.02%
CRSR	F	0.02%
HIBB	A	0.02%
ANAB	B	0.01%
LYEL	F	0.01%
PARAA	C	0.01%
ORIC	D	0.01%
MAX	F	0.01%
YMAB	D	0.01%
FRPH	F	0.01%
RUSHB	F	0.01%
SAGE	F	0.01%
LEGH	D	0.01%
BOWL	B	0.01%
SRRK	F	0.01%
PTLO	F	0.01%
CTRI	F	0.01%
REPX	C	0.01%
TIPT	F	0.01%
PBI	A	0.01%
HPK	C	0.01%
AVO	F	0.01%
SANA	F	0.01%
WEST	D	0.01%
CTOS	F	0.01%
TTI	F	0.01%
NKLA	F	0.01%
ULCC	F	0.01%
OLO	F	0.01%
HG	D	0.01%
TYRA	C	0.01%
SAVA	F	0.01%
KGS	C	0.01%
TARS	C	0.01%
PGY	C	0.01%
CHUY	F	0.01%
CHGG	F	0.01%
ACDC	F	0.01%
CDLX	F	0.01%
ACCD	F	0.01%
DH	F	0.01%
BLFS	C	0.01%
ALEC	F	0.01%
HBT	B	0.01%
RSI	C	0.01%
GOGO	D	0.01%
CYRX	F	0.01%
ATRI	B	0.01%
TWKS	F	0.01%
OLPX	F	0.01%
LEU	F	0.01%
IIIV	B	0.01%
FPI	C	0.01%
TFSL	D	0.01%
LMB	C	0.01%
KRT	C	0.01%
DXPE	D	0.01%
ROOT	C	0.01%
COGT	C	0.01%
TITN	F	0.01%
ENFN	D	0.01%
CHCT	F	0.01%
TBLA	F	0.01%
DNA	F	0.01%
LFST	D	0.01%
BSIG	C	0.01%
PUMP	F	0.01%
RES	F	0.01%
IDT	D	0.01%
SEMR	C	0.01%
NRDS	B	0.01%
MLAB	D	0.01%
FIGS	C	0.01%
ACIC	D	0.01%
FSLY	F	0.01%
SMMT	C	0.01%
CABA	F	0.01%
PACK	D	0.01%
MBIN	C	0.01%
BTSG	C	0.01%
BALY	F	0.01%
THR	D	0.01%
AUPH	C	0.01%
RILY	F	0.01%
STER	C	0.01%
ULH	D	0.01%
IMXI	F	0.01%
KRO	D	0.01%
UP	C	0.01%
EZPW	D	0.01%
CLBK	F	0.01%
IIIN	F	0.01%
CLNE	F	0.01%
BMBL	F	0.01%
OLMA	D	0.01%
RPAY	C	0.01%
KNSA	C	0.01%
VRDN	F	0.01%
UTZ	D	0.01%
SYRE	D	0.01%
NPK	D	0.01%
MYE	F	0.01%
LILA	C	0.01%
STOK	D	0.01%
ARKO	D	0.01%
PLOW	F	0.01%
GES	D	0.01%
TILE	D	0.01%
ETWO	C	0.01%
SWBI	D	0.01%
SNCY	C	0.01%
AMBC	F	0.01%
GMRE	B	0.01%
HOUS	F	0.01%
TRUP	B	0.01%
RBCAA	C	0.01%
RGP	F	0.0%
ALXO	F	0.0%
EWCZ	F	0.0%
ACTG	C	0.0%
GYRE	F	0.0%
ZNTL	F	0.0%
TH	D	0.0%

ISCV Underweight 244 Positions Relative to FSMD

Symbol	Grade	Weight
PSTG	B	-0.45%
EME	D	-0.42%
UTHR	B	-0.4%
TPL	B	-0.39%
DKS	C	-0.36%
IBKR	B	-0.36%
CASY	B	-0.36%
WING	B	-0.35%
RGA	C	-0.35%
IP	C	-0.35%
FTI	B	-0.34%
RBA	B	-0.34%
APP	B	-0.34%
UDR	B	-0.32%
WRK	C	-0.32%
TOL	D	-0.32%
TW	C	-0.32%
NVT	D	-0.32%
TXRH	B	-0.32%
FOXA	B	-0.32%
JKHY	C	-0.31%
BLD	D	-0.31%
ELF	C	-0.31%
XPO	C	-0.31%
TECH	D	-0.3%
FIX	D	-0.3%
EVRG	D	-0.3%
MEDP	C	-0.3%
RNR	D	-0.3%
NI	B	-0.3%
AMH	A	-0.3%
CLH	B	-0.3%
UHS	C	-0.3%
ANF	C	-0.3%
TTEK	D	-0.29%
WMS	D	-0.29%
GWRE	A	-0.29%
ALLY	B	-0.29%
ONTO	B	-0.29%
INCY	D	-0.29%
VKTX	D	-0.29%
MUSA	C	-0.28%
SCI	C	-0.28%
CW	C	-0.28%
LNW	B	-0.28%
JNPR	B	-0.28%
QRVO	B	-0.28%
WWD	D	-0.28%
EMN	D	-0.28%
REG	B	-0.27%
ITT	D	-0.27%
CUBE	B	-0.27%
CHK	D	-0.27%
BSY	D	-0.27%
CRL	F	-0.27%
ERIE	C	-0.26%
AOS	D	-0.26%
SKX	C	-0.26%
DOCU	C	-0.26%
EHC	B	-0.26%
HALO	B	-0.26%
RPRX	F	-0.26%
UNM	D	-0.26%
NYT	A	-0.25%
FFIV	C	-0.25%
OLED	A	-0.25%
TFX	C	-0.25%
ALLE	D	-0.25%
DCI	D	-0.24%
HRL	F	-0.24%
BXP	C	-0.24%
AFG	D	-0.24%
CPB	B	-0.24%
FN	C	-0.24%
BPMC	A	-0.24%
CRBG	C	-0.24%
KNSL	F	-0.24%
DINO	D	-0.24%
BWXT	B	-0.24%
HII	D	-0.24%
KBR	D	-0.24%
DVA	C	-0.24%
RYAN	B	-0.23%
CHE	D	-0.23%
DOX	D	-0.23%
TAP	F	-0.23%
MOS	F	-0.23%
DUOL	F	-0.23%
ADMA	B	-0.23%
ESTC	B	-0.23%
MORN	B	-0.23%
CNM	D	-0.23%
HQY	B	-0.23%
LNTH	C	-0.23%
AIT	C	-0.22%
CCK	F	-0.22%
EXEL	C	-0.22%
MTCH	F	-0.22%
EGP	B	-0.22%
OLLI	B	-0.22%
FCN	D	-0.22%
ENSG	B	-0.22%
GNTX	D	-0.22%
IONS	B	-0.21%
PCVX	B	-0.21%
BFAM	C	-0.21%
TREX	F	-0.21%
BRBR	B	-0.21%
RBC	C	-0.21%
ACI	F	-0.21%
EXAS	D	-0.2%
AAON	B	-0.2%
SSD	F	-0.2%
SPSC	B	-0.2%
EXP	D	-0.2%
SNX	D	-0.2%
MMSI	B	-0.19%
STNG	B	-0.19%
COKE	B	-0.19%
FR	C	-0.19%
CVLT	B	-0.19%
LFUS	C	-0.19%
BMI	C	-0.19%
RLI	D	-0.19%
FORM	A	-0.19%
KRG	B	-0.18%
RMBS	B	-0.18%
RGEN	F	-0.18%
HLNE	B	-0.18%
SMAR	B	-0.18%
WIRE	A	-0.18%
ALTR	B	-0.18%
STRL	D	-0.18%
BRKR	F	-0.18%
CSWI	A	-0.17%
APPF	B	-0.17%
VRRM	B	-0.17%
OPCH	F	-0.17%
UFPT	A	-0.17%
TRNO	B	-0.17%
VRNS	B	-0.17%
HAE	C	-0.17%
FSS	D	-0.17%
PCOR	C	-0.17%
AWI	D	-0.17%
IBP	D	-0.17%
IOT	C	-0.17%
LMAT	A	-0.16%
TENB	C	-0.16%
NHI	A	-0.16%
WTS	D	-0.16%
PLMR	C	-0.16%
BCPC	A	-0.16%
ACLS	B	-0.16%
LOPE	C	-0.16%
SKY	F	-0.15%
ZWS	D	-0.15%
QLYS	D	-0.15%
DLB	D	-0.15%
DOCS	B	-0.15%
ACA	D	-0.15%
WMG	D	-0.15%
AXNX	B	-0.15%
ADUS	B	-0.15%
WLK	D	-0.15%
CBZ	D	-0.15%
LIVN	D	-0.15%
ASC	C	-0.15%
CRVL	B	-0.14%
CHH	B	-0.14%
CVCO	D	-0.14%
GNW	D	-0.14%
KAI	B	-0.14%
DAKT	B	-0.14%
BOX	D	-0.14%
CARG	C	-0.14%
TNK	C	-0.14%
STRA	C	-0.14%
FELE	D	-0.14%
OSG	A	-0.14%
IESC	C	-0.14%
SUM	D	-0.14%
ICFI	D	-0.13%
IOSP	D	-0.13%
SLP	F	-0.13%
HWKN	B	-0.13%
ROAD	D	-0.13%
ALRM	C	-0.13%
PATH	D	-0.13%
ASTH	C	-0.13%
IDCC	A	-0.13%
VCEL	C	-0.13%
PAG	D	-0.13%
TBBK	B	-0.12%
POWL	D	-0.12%
NSP	F	-0.12%
ANIP	D	-0.12%
WDFC	D	-0.12%
ESE	D	-0.12%
HSTM	C	-0.11%
NCNO	B	-0.11%
ACLX	C	-0.11%
PGNY	D	-0.11%
MYRG	F	-0.11%
TK	C	-0.11%
MGRC	D	-0.11%
CWAN	B	-0.11%
USLM	C	-0.11%
WINA	D	-0.1%
ROCK	D	-0.1%
IRMD	B	-0.1%
GRC	C	-0.1%
FIVN	D	-0.1%
MTRN	F	-0.1%
BL	D	-0.1%
HAFC	C	-0.1%
ARDX	F	-0.1%
HURN	C	-0.1%
SPOK	C	-0.09%
BZH	F	-0.09%
MSBI	D	-0.09%
ACAD	C	-0.09%
GSHD	D	-0.09%
HNRG	C	-0.09%
ALG	F	-0.09%
MCB	C	-0.09%
THFF	D	-0.09%
AMPH	F	-0.09%
RMR	D	-0.08%
DFH	F	-0.08%
FRSH	D	-0.08%
SIRI	C	-0.08%
DV	D	-0.08%
ODC	F	-0.08%
GNE	D	-0.07%
IRON	C	-0.07%
SMLR	C	-0.07%
CWCO	D	-0.07%
OSUR	F	-0.06%
NRC	F	-0.06%
LSEA	F	-0.06%
RCMT	F	-0.05%
AMCX	F	-0.05%
MED	F	-0.04%