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

$68.21

Average Daily Volume

8,342

Number of Holdings ^*

1113

* 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

$44.30

Average Daily Volume

86,159

Number of Holdings ^*

578

* may have additional holdings in another (foreign) market

Performance

Period	ISCV	FSMD
30 Days	8.14%	7.37%
60 Days	7.42%	7.55%
90 Days	8.28%	9.10%
12 Months	30.31%	35.46%

329 Overlapping Holdings

Symbol	Grade	Weight in ISCV	Weight in FSMD	Overlap
AAT	B	0.04%	0.1%	0.04%
ABG	B	0.22%	0.16%	0.16%
ACIW	B	0.06%	0.19%	0.06%
ACT	D	0.04%	0.1%	0.04%
ADC	B	0.17%	0.2%	0.17%
AEO	F	0.06%	0.12%	0.06%
AGCO	D	0.25%	0.15%	0.15%
AGX	B	0.04%	0.16%	0.04%
AIZ	A	0.48%	0.26%	0.26%
ALE	A	0.16%	0.16%	0.16%
ALKS	B	0.09%	0.16%	0.09%
ALSN	B	0.26%	0.25%	0.25%
ALV	C	0.15%	0.19%	0.15%
ALX	D	0.02%	0.08%	0.02%
AMAL	B	0.01%	0.11%	0.01%
AMED	F	0.09%	0.12%	0.09%
AMG	B	0.14%	0.17%	0.14%
AMKR	D	0.06%	0.11%	0.06%
AMN	F	0.04%	0.05%	0.04%
AMR	C	0.07%	0.1%	0.07%
AMRX	C	0.05%	0.12%	0.05%
AN	C	0.18%	0.13%	0.13%
ANDE	D	0.04%	0.08%	0.04%
APAM	B	0.06%	0.14%	0.06%
APOG	B	0.04%	0.11%	0.04%
ARCH	B	0.12%	0.13%	0.12%
AROC	B	0.08%	0.17%	0.08%
ARW	D	0.26%	0.16%	0.16%
ASB	B	0.17%	0.16%	0.16%
ASGN	F	0.11%	0.15%	0.11%
ASH	D	0.08%	0.12%	0.08%
ASO	F	0.15%	0.13%	0.13%
ATGE	B	0.06%	0.14%	0.06%
ATR	B	0.14%	0.27%	0.14%
AVA	A	0.12%	0.13%	0.12%
AVT	C	0.2%	0.15%	0.15%
AX	A	0.09%	0.16%	0.09%
AXS	A	0.29%	0.19%	0.19%
AXTA	A	0.1%	0.21%	0.1%
AYI	B	0.13%	0.24%	0.13%
AZZ	B	0.05%	0.11%	0.05%
BBSI	B	0.02%	0.09%	0.02%
BCC	B	0.23%	0.15%	0.15%
BCO	D	0.05%	0.12%	0.05%
BERY	B	0.33%	0.19%	0.19%
BFH	B	0.12%	0.13%	0.12%
BGC	C	0.09%	0.16%	0.09%
BHE	B	0.04%	0.11%	0.04%
BKE	B	0.06%	0.11%	0.06%
BKH	A	0.18%	0.16%	0.16%
BNL	D	0.08%	0.13%	0.08%
BPOP	B	0.29%	0.18%	0.18%
BRC	D	0.07%	0.12%	0.07%
BRX	A	0.23%	0.22%	0.22%
BRY	F	0.01%	0.07%	0.01%
BTU	B	0.14%	0.15%	0.14%
BWA	D	0.33%	0.2%	0.2%
BYD	C	0.21%	0.17%	0.17%
CACI	D	0.14%	0.27%	0.14%
CALM	A	0.16%	0.15%	0.15%
CASH	A	0.05%	0.13%	0.05%
CASS	B	0.01%	0.09%	0.01%
CATY	B	0.15%	0.15%	0.15%
CBSH	A	0.38%	0.22%	0.22%
CBT	C	0.08%	0.18%	0.08%
CEIX	A	0.1%	0.17%	0.1%
CFB	B	0.02%	0.09%	0.02%
CHCO	B	0.05%	0.12%	0.05%
CHRD	D	0.33%	0.2%	0.2%
CHRW	C	0.54%	0.26%	0.26%
CIEN	B	0.2%	0.26%	0.2%
CIVI	D	0.16%	0.14%	0.14%
CLW	F	0.02%	0.04%	0.02%
CMA	A	0.38%	0.24%	0.24%
CMC	B	0.29%	0.19%	0.19%
CNO	A	0.18%	0.16%	0.16%
CNX	A	0.16%	0.23%	0.16%
CNXC	F	0.07%	0.07%	0.07%
CNXN	C	0.02%	0.09%	0.02%
COLL	F	0.04%	0.08%	0.04%
COLM	B	0.07%	0.12%	0.07%
COOP	B	0.25%	0.19%	0.19%
CORT	B	0.1%	0.21%	0.1%
CPF	A	0.03%	0.11%	0.03%
CPRX	C	0.05%	0.15%	0.05%
CR	A	0.11%	0.21%	0.11%
CROX	D	0.18%	0.16%	0.16%
CRUS	D	0.15%	0.15%	0.15%
CTBI	B	0.04%	0.11%	0.04%
CTRE	D	0.18%	0.15%	0.15%
CUBI	C	0.07%	0.1%	0.07%
CUZ	B	0.18%	0.16%	0.16%
CXT	B	0.13%	0.11%	0.11%
CXW	B	0.1%	0.14%	0.1%
DBX	B	0.16%	0.19%	0.16%
DDS	B	0.07%	0.1%	0.07%
DEA	D	0.05%	0.1%	0.05%
DEI	B	0.11%	0.13%	0.11%
DORM	B	0.06%	0.17%	0.06%
DTM	B	0.41%	0.28%	0.28%
DXC	B	0.16%	0.15%	0.15%
EBF	F	0.02%	0.07%	0.02%
EEFT	B	0.09%	0.15%	0.09%
EGY	D	0.02%	0.08%	0.02%
EIG	B	0.03%	0.11%	0.03%
ELAN	D	0.29%	0.2%	0.2%
ENS	D	0.09%	0.12%	0.09%
ENVA	B	0.11%	0.14%	0.11%
EPRT	B	0.1%	0.17%	0.1%
EQC	B	0.09%	0.11%	0.09%
ESAB	B	0.08%	0.2%	0.08%
ESGR	B	0.16%	0.14%	0.14%
ESI	A	0.17%	0.17%	0.17%
ESNT	D	0.25%	0.17%	0.17%
ETD	C	0.03%	0.08%	0.03%
EVR	B	0.33%	0.27%	0.27%
EWBC	A	0.61%	0.33%	0.33%
FBP	B	0.14%	0.14%	0.14%
FHI	A	0.15%	0.15%	0.15%
FHN	A	0.47%	0.26%	0.26%
FIZZ	C	0.02%	0.09%	0.02%
FLO	D	0.18%	0.13%	0.13%
FLS	B	0.13%	0.2%	0.13%
FRT	B	0.19%	0.21%	0.19%
FTDR	A	0.1%	0.17%	0.1%
FUL	F	0.07%	0.13%	0.07%
FULT	A	0.16%	0.15%	0.15%
G	B	0.29%	0.2%	0.2%
GEO	B	0.15%	0.16%	0.15%
GHC	C	0.13%	0.15%	0.13%
GIC	D	0.0%	0.06%	0.0%
GIII	D	0.05%	0.11%	0.05%
GL	B	0.43%	0.23%	0.23%
GMED	A	0.15%	0.24%	0.15%
GOLF	B	0.05%	0.11%	0.05%
GPI	A	0.24%	0.17%	0.17%
GPK	C	0.19%	0.21%	0.19%
GPOR	B	0.09%	0.13%	0.09%
GTES	A	0.16%	0.13%	0.13%
HCC	B	0.14%	0.13%	0.13%
HCKT	B	0.01%	0.11%	0.01%
HCSG	C	0.04%	0.08%	0.04%
HE	C	0.08%	0.07%	0.07%
HIW	D	0.14%	0.13%	0.13%
HLI	B	0.17%	0.25%	0.17%
HMN	B	0.07%	0.12%	0.07%
HNI	B	0.07%	0.11%	0.07%
HOG	D	0.19%	0.13%	0.13%
HRB	D	0.21%	0.21%	0.21%
HSIC	B	0.37%	0.21%	0.21%
HSII	B	0.02%	0.09%	0.02%
HUBG	A	0.13%	0.11%	0.11%
IBCP	B	0.03%	0.1%	0.03%
IBOC	A	0.08%	0.15%	0.08%
IDT	B	0.02%	0.14%	0.02%
IMKTA	C	0.04%	0.08%	0.04%
INFA	D	0.08%	0.09%	0.08%
INGR	B	0.26%	0.24%	0.24%
INSW	F	0.06%	0.1%	0.06%
INVA	D	0.04%	0.1%	0.04%
ITGR	B	0.05%	0.17%	0.05%
JBI	F	0.01%	0.04%	0.01%
JBSS	D	0.02%	0.07%	0.02%
JLL	D	0.35%	0.27%	0.27%
JXN	C	0.26%	0.22%	0.22%
KBH	D	0.22%	0.16%	0.16%
KD	B	0.27%	0.19%	0.19%
KELYA	F	0.02%	0.05%	0.02%
KFRC	D	0.02%	0.07%	0.02%
KFY	B	0.07%	0.13%	0.07%
KLG	C	0.05%	0.09%	0.05%
KNF	A	0.08%	0.17%	0.08%
KRC	C	0.19%	0.15%	0.15%
KRT	A	0.01%	0.07%	0.01%
KTB	B	0.21%	0.17%	0.17%
KURA	F	0.04%	0.1%	0.04%
LAMR	D	0.26%	0.26%	0.26%
LBRT	D	0.11%	0.12%	0.11%
LEVI	F	0.07%	0.1%	0.07%
LGND	B	0.04%	0.13%	0.04%
LPG	F	0.04%	0.08%	0.04%
LRN	A	0.06%	0.17%	0.06%
LSTR	D	0.15%	0.17%	0.15%
LTC	B	0.07%	0.11%	0.07%
LZB	B	0.08%	0.11%	0.08%
MASI	A	0.12%	0.23%	0.12%
MATX	C	0.15%	0.17%	0.15%
MCY	A	0.04%	0.12%	0.04%
MDU	D	0.15%	0.1%	0.1%
METC	C	0.01%	0.07%	0.01%
MGY	A	0.2%	0.18%	0.18%
MHK	D	0.32%	0.19%	0.19%
MHO	D	0.18%	0.14%	0.14%
MLI	C	0.21%	0.25%	0.21%
MLR	B	0.02%	0.09%	0.02%
MMS	F	0.13%	0.15%	0.13%
MOG.A	B	0.07%	0.17%	0.07%
MSA	D	0.11%	0.16%	0.11%
MSM	C	0.09%	0.13%	0.09%
MTG	C	0.28%	0.18%	0.18%
MTH	D	0.27%	0.17%	0.17%
MTN	C	0.13%	0.18%	0.13%
MTX	B	0.11%	0.11%	0.11%
MWA	B	0.05%	0.14%	0.05%
NEU	C	0.11%	0.13%	0.11%
NFG	A	0.24%	0.18%	0.18%
NHC	C	0.04%	0.11%	0.04%
NMIH	D	0.12%	0.13%	0.12%
NNN	D	0.18%	0.19%	0.18%
NPK	B	0.01%	0.07%	0.01%
NSA	D	0.07%	0.12%	0.07%
NSIT	F	0.09%	0.13%	0.09%
NWE	B	0.13%	0.15%	0.13%
NXST	C	0.21%	0.17%	0.17%
OFG	B	0.09%	0.11%	0.09%
OGE	B	0.36%	0.24%	0.24%
OGN	D	0.16%	0.12%	0.12%
OHI	C	0.41%	0.24%	0.24%
OMF	A	0.27%	0.18%	0.18%
ORI	A	0.4%	0.23%	0.23%
OSIS	B	0.04%	0.12%	0.04%
OSK	B	0.2%	0.18%	0.18%
OTTR	C	0.08%	0.13%	0.08%
OZK	B	0.22%	0.16%	0.16%
PATK	D	0.07%	0.12%	0.07%
PBF	D	0.13%	0.12%	0.12%
PBH	A	0.1%	0.16%	0.1%
PDM	D	0.05%	0.1%	0.05%
PEBO	A	0.05%	0.1%	0.05%
PFBC	B	0.03%	0.11%	0.03%
PGRE	F	0.04%	0.09%	0.04%
PHIN	A	0.1%	0.13%	0.1%
PINC	B	0.1%	0.12%	0.1%
PIPR	B	0.12%	0.18%	0.12%
PLAB	C	0.06%	0.11%	0.06%
PLTK	B	0.03%	0.11%	0.03%
PLUS	F	0.04%	0.12%	0.04%
PLXS	B	0.07%	0.16%	0.07%
POST	C	0.1%	0.16%	0.1%
PPC	C	0.04%	0.12%	0.04%
PRDO	B	0.04%	0.1%	0.04%
PRGS	A	0.12%	0.14%	0.12%
PRI	A	0.18%	0.26%	0.18%
PRIM	A	0.07%	0.16%	0.07%
PSN	D	0.11%	0.15%	0.11%
QCRH	A	0.04%	0.12%	0.04%
R	B	0.17%	0.19%	0.17%
RDN	C	0.12%	0.15%	0.12%
REX	D	0.01%	0.1%	0.01%
REXR	F	0.11%	0.2%	0.11%
REYN	D	0.04%	0.09%	0.04%
RGLD	C	0.17%	0.22%	0.17%
RHI	B	0.12%	0.2%	0.12%
RL	B	0.12%	0.22%	0.12%
RUSHA	C	0.07%	0.13%	0.07%
SAIC	F	0.16%	0.2%	0.16%
SANM	B	0.11%	0.15%	0.11%
SBH	C	0.06%	0.11%	0.06%
SCHL	D	0.02%	0.09%	0.02%
SCS	C	0.05%	0.08%	0.05%
SCSC	B	0.05%	0.1%	0.05%
SCVL	F	0.02%	0.08%	0.02%
SEIC	B	0.12%	0.22%	0.12%
SEM	B	0.08%	0.15%	0.08%
SF	B	0.49%	0.29%	0.29%
SFM	A	0.17%	0.33%	0.17%
SHOO	D	0.09%	0.13%	0.09%
SIGI	C	0.18%	0.18%	0.18%
SKWD	A	0.04%	0.13%	0.04%
SKYW	B	0.08%	0.16%	0.08%
SLGN	A	0.19%	0.14%	0.14%
SLM	A	0.23%	0.17%	0.17%
SLVM	B	0.13%	0.14%	0.13%
SMP	B	0.03%	0.09%	0.03%
SNEX	B	0.06%	0.13%	0.06%
SNV	B	0.35%	0.23%	0.23%
SON	D	0.21%	0.14%	0.14%
SPNT	A	0.06%	0.1%	0.06%
SR	A	0.16%	0.15%	0.15%
SRCE	B	0.05%	0.1%	0.05%
SSTK	F	0.03%	0.08%	0.03%
STAG	F	0.16%	0.17%	0.16%
SUPN	C	0.08%	0.14%	0.08%
SXC	A	0.04%	0.1%	0.04%
SXT	B	0.06%	0.13%	0.06%
TDS	B	0.13%	0.18%	0.13%
TGNA	B	0.13%	0.16%	0.13%
THG	A	0.12%	0.18%	0.12%
TKR	D	0.1%	0.13%	0.1%
TMHC	B	0.29%	0.2%	0.2%
TNC	D	0.02%	0.08%	0.02%
TNL	A	0.16%	0.15%	0.15%
TPC	C	0.05%	0.1%	0.05%
TPH	D	0.16%	0.13%	0.13%
TPR	B	0.55%	0.28%	0.28%
TPX	B	0.1%	0.23%	0.1%
TTC	D	0.15%	0.19%	0.15%
UE	C	0.04%	0.13%	0.04%
UFPI	B	0.15%	0.19%	0.15%
UGI	A	0.21%	0.16%	0.16%
UMBF	B	0.24%	0.18%	0.18%
UNF	B	0.06%	0.11%	0.06%
UPBD	B	0.07%	0.09%	0.07%
URBN	C	0.05%	0.1%	0.05%
USM	B	0.04%	0.12%	0.04%
USPH	B	0.02%	0.1%	0.02%
UTL	B	0.04%	0.1%	0.04%
UVSP	B	0.04%	0.11%	0.04%
VCTR	B	0.05%	0.14%	0.05%
VECO	F	0.02%	0.08%	0.02%
VIRT	B	0.12%	0.15%	0.12%
VMI	B	0.28%	0.18%	0.18%
VNT	B	0.09%	0.18%	0.09%
VOYA	B	0.22%	0.22%	0.22%
VSH	D	0.08%	0.08%	0.08%
VSTO	A	0.1%	0.12%	0.1%
WABC	B	0.06%	0.11%	0.06%
WAL	B	0.42%	0.25%	0.25%
WBS	A	0.44%	0.26%	0.26%
WEN	D	0.06%	0.13%	0.06%
WH	B	0.23%	0.22%	0.22%
WKC	D	0.07%	0.13%	0.07%
WSBC	A	0.09%	0.12%	0.09%
WSR	A	0.02%	0.09%	0.02%
WTFC	A	0.36%	0.22%	0.22%
WU	D	0.15%	0.12%	0.12%
YELP	C	0.05%	0.14%	0.05%
ZD	C	0.11%	0.16%	0.11%
ZION	B	0.37%	0.23%	0.23%

ISCV Overweight 784 Positions Relative to FSMD

Symbol	Grade	Weight
CVNA	B	0.61%
Z	A	0.5%
AA	B	0.46%
PNW	B	0.44%
LAD	A	0.43%
NLY	C	0.41%
PNFP	B	0.4%
PR	B	0.39%
FBIN	D	0.39%
WCC	B	0.38%
AAL	B	0.37%
FLR	B	0.37%
LUMN	C	0.36%
X	C	0.34%
RRC	B	0.34%
SSB	B	0.34%
PB	A	0.33%
JEF	A	0.32%
JAZZ	B	0.32%
RIVN	F	0.31%
AGNC	D	0.31%
VNO	B	0.3%
BBWI	D	0.3%
ONB	B	0.29%
FMC	D	0.29%
MTDR	B	0.29%
CADE	B	0.29%
GME	C	0.29%
DAR	C	0.29%
ALK	C	0.29%
VFC	C	0.28%
FAF	A	0.28%
FYBR	D	0.27%
GBCI	B	0.27%
COLB	A	0.27%
PARA	C	0.26%
STWD	C	0.26%
WHR	B	0.26%
BECN	B	0.26%
FNB	A	0.25%
LNC	B	0.25%
GNRC	B	0.25%
UBSI	B	0.24%
CFR	B	0.24%
JHG	A	0.24%
IVZ	B	0.24%
PVH	C	0.24%
RITM	C	0.23%
SEE	C	0.22%
EAT	A	0.22%
MC	C	0.22%
AUR	C	0.21%
RVMD	C	0.21%
SLG	B	0.21%
OLN	D	0.21%
MUR	D	0.21%
SM	B	0.21%
HAS	D	0.21%
HWC	B	0.21%
ABCB	B	0.2%
AVNT	B	0.2%
CZR	F	0.2%
ST	F	0.2%
ROIV	C	0.2%
VLY	B	0.19%
GXO	B	0.18%
TXNM	A	0.18%
MAC	B	0.18%
BIO	D	0.18%
SWX	B	0.18%
M	D	0.18%
SIG	B	0.18%
LPX	B	0.18%
KMPR	B	0.18%
OGS	A	0.17%
MIDD	C	0.17%
MAT	D	0.17%
FFIN	B	0.17%
TCBI	B	0.17%
IDA	A	0.17%
XRAY	F	0.16%
NOG	A	0.16%
LYFT	C	0.16%
ZG	A	0.16%
GMS	B	0.16%
SBRA	C	0.16%
LBRDK	C	0.16%
UCB	A	0.16%
AM	A	0.15%
NWL	B	0.15%
CCOI	B	0.15%
TEX	D	0.15%
FHB	A	0.15%
NVST	B	0.15%
WD	D	0.15%
PII	D	0.15%
HOMB	A	0.15%
PRGO	B	0.15%
CBU	B	0.15%
MKTX	D	0.15%
MKSI	C	0.15%
AUB	B	0.15%
W	F	0.15%
BHF	B	0.14%
CYTK	F	0.14%
DNB	B	0.14%
CRC	B	0.14%
HP	B	0.14%
LEA	D	0.14%
EPR	D	0.14%
NJR	A	0.14%
MAN	D	0.13%
WAFD	B	0.13%
WEX	D	0.13%
BKU	A	0.13%
SFNC	B	0.13%
INDB	B	0.13%
PK	B	0.13%
BOH	B	0.13%
FLG	C	0.13%
GATX	A	0.13%
SFBS	B	0.13%
FIBK	A	0.13%
KNX	B	0.13%
NEOG	F	0.13%
BC	C	0.13%
PRK	B	0.12%
SATS	D	0.12%
HTLF	B	0.12%
FFBC	A	0.12%
CC	C	0.12%
VAC	B	0.12%
HRI	B	0.12%
PENN	C	0.12%
THO	B	0.12%
HBI	B	0.12%
PFSI	D	0.12%
ALTM	C	0.12%
BXMT	C	0.12%
POR	C	0.12%
CVBF	A	0.12%
ABR	C	0.11%
IAC	D	0.11%
BANR	B	0.11%
CORZ	A	0.11%
KEX	C	0.11%
COLD	D	0.11%
FRME	B	0.11%
VC	D	0.11%
VSCO	B	0.11%
MPW	F	0.11%
CACC	D	0.11%
GT	C	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%
JBLU	F	0.1%
WLY	B	0.1%
IBTX	B	0.1%
CAKE	C	0.1%
NBTB	B	0.1%
BANC	A	0.1%
CRSP	D	0.1%
AHR	A	0.1%
COMP	B	0.1%
TTMI	B	0.1%
NOV	C	0.1%
SITE	D	0.1%
LITE	B	0.1%
ENOV	C	0.1%
RKLB	B	0.1%
TOWN	B	0.1%
CPRI	F	0.1%
JWN	C	0.1%
TPG	A	0.1%
STC	B	0.09%
CRGY	B	0.09%
GBX	A	0.09%
RIG	D	0.09%
CLF	F	0.09%
FBK	B	0.09%
VYX	B	0.09%
PRKS	C	0.09%
CNK	B	0.09%
PCH	D	0.09%
PRG	C	0.09%
GAP	C	0.09%
REZI	A	0.09%
OMCL	C	0.09%
LBTYK	A	0.09%
WHD	B	0.09%
ETSY	D	0.09%
MRCY	B	0.09%
NATL	B	0.09%
MBC	D	0.09%
KMT	B	0.09%
NMRK	B	0.09%
IRT	A	0.09%
AEIS	B	0.09%
TRMK	B	0.09%
RUN	F	0.09%
LGIH	D	0.09%
GRBK	D	0.09%
CWK	B	0.09%
EFSC	B	0.09%
ENR	B	0.09%
ADT	C	0.09%
B	B	0.09%
CAR	C	0.08%
NWBI	B	0.08%
CABO	C	0.08%
RH	B	0.08%
DRH	B	0.08%
QDEL	F	0.08%
KOS	F	0.08%
FCPT	C	0.08%
AKR	B	0.08%
FBNC	A	0.08%
BLKB	B	0.08%
STEP	B	0.08%
ATKR	C	0.08%
UAA	C	0.08%
WSFS	A	0.08%
HGV	B	0.08%
RYN	D	0.08%
STR	B	0.08%
TGTX	B	0.08%
BDC	B	0.08%
TNET	D	0.08%
LCII	C	0.08%
FCF	A	0.08%
CRI	D	0.08%
HUN	F	0.08%
FL	F	0.08%
HLMN	B	0.08%
POWI	D	0.08%
GVA	A	0.08%
KSS	F	0.08%
MGEE	C	0.08%
HL	D	0.08%
OI	C	0.08%
H	B	0.08%
ALIT	C	0.08%
LBTYA	B	0.08%
NGVT	B	0.07%
SKT	B	0.07%
CSGS	B	0.07%
LEG	F	0.07%
STEL	A	0.07%
IART	C	0.07%
NWN	A	0.07%
WTM	A	0.07%
PDCO	D	0.07%
CDP	C	0.07%
SNDR	B	0.07%
AGO	B	0.07%
DNLI	D	0.07%
FCFS	F	0.07%
STBA	B	0.07%
HOPE	B	0.07%
AMC	C	0.07%
RNG	B	0.07%
JOBY	B	0.07%
CENTA	C	0.07%
CCS	D	0.07%
ABM	B	0.07%
CPK	A	0.07%
KN	B	0.07%
HASI	D	0.07%
QS	F	0.07%
RXO	C	0.07%
ICUI	D	0.07%
SASR	B	0.07%
BEAM	D	0.07%
SMG	D	0.07%
EPC	D	0.07%
WWW	B	0.07%
RKT	F	0.07%
NBHC	B	0.07%
WGO	C	0.07%
GEF	A	0.07%
BOOT	D	0.07%
LAUR	A	0.06%
TROX	D	0.06%
DBD	C	0.06%
IPGP	D	0.06%
TRN	C	0.06%
WERN	C	0.06%
UVV	B	0.06%
UNIT	B	0.06%
JBT	B	0.06%
BHLB	B	0.06%
UA	C	0.06%
SPR	D	0.06%
ARCB	C	0.06%
LADR	B	0.06%
CODI	B	0.06%
PTEN	C	0.06%
AMBA	B	0.06%
IIPR	D	0.06%
SABR	C	0.06%
NXT	C	0.06%
ELME	D	0.06%
VRNT	C	0.06%
AGIO	C	0.06%
GNL	F	0.06%
OUT	A	0.06%
IVT	B	0.06%
ROIC	A	0.06%
HI	C	0.06%
EBC	B	0.06%
NTCT	C	0.06%
MSGS	A	0.06%
CWT	D	0.06%
BUSE	B	0.06%
HTH	B	0.06%
VBTX	B	0.06%
NNI	D	0.06%
THS	D	0.06%
TCBK	B	0.06%
HELE	C	0.06%
DIOD	D	0.06%
HAYW	B	0.05%
SBSI	B	0.05%
GTY	B	0.05%
MSGE	F	0.05%
CBRL	C	0.05%
KNTK	B	0.05%
PCT	C	0.05%
SJW	D	0.05%
CSR	B	0.05%
BRKL	B	0.05%
MRC	B	0.05%
VSTS	C	0.05%
DYN	F	0.05%
ZI	D	0.05%
AMSF	B	0.05%
DRS	B	0.05%
PMT	D	0.05%
GFF	A	0.05%
MFA	D	0.05%
RC	D	0.05%
CLVT	F	0.05%
LKFN	B	0.05%
ECPG	B	0.05%
CIM	D	0.05%
CNNE	B	0.05%
DK	C	0.05%
CRK	B	0.05%
HHH	B	0.05%
OXM	D	0.05%
KW	B	0.05%
AGM	C	0.05%
TWO	D	0.05%
ARI	C	0.05%
MD	B	0.05%
UPWK	B	0.05%
TFIN	A	0.05%
CDE	D	0.05%
OCFC	B	0.05%
AIR	B	0.05%
ALGT	B	0.05%
PLAY	D	0.05%
YETI	C	0.05%
NAVI	C	0.05%
AAP	C	0.05%
CMPR	D	0.05%
REVG	B	0.05%
ADEA	D	0.05%
KALU	C	0.05%
DCOM	A	0.05%
EVTC	B	0.05%
BANF	B	0.05%
FDP	B	0.05%
JBGS	D	0.05%
WOR	F	0.05%
UNFI	A	0.05%
PECO	A	0.05%
LBPH	A	0.04%
BRSP	B	0.04%
EGBN	B	0.04%
AIN	C	0.04%
ASTE	B	0.04%
JACK	D	0.04%
WS	B	0.04%
CFFN	B	0.04%
RRR	D	0.04%
LMND	B	0.04%
JELD	F	0.04%
PRAA	C	0.04%
LGF.A	C	0.04%
MNRO	D	0.04%
TGI	B	0.04%
BDN	C	0.04%
BY	B	0.04%
ODP	F	0.04%
SXI	B	0.04%
FOXF	F	0.04%
MLKN	D	0.04%
PEB	D	0.04%
AMWD	C	0.04%
MGNI	A	0.04%
ESRT	C	0.04%
FMBH	B	0.04%
HFWA	B	0.04%
DX	B	0.04%
GO	C	0.04%
ARR	D	0.04%
RWT	D	0.04%
VAL	D	0.04%
ADNT	F	0.04%
GTX	D	0.04%
GABC	B	0.04%
SAH	A	0.04%
ULS	B	0.04%
HLIO	B	0.04%
BKD	D	0.04%
TBBK	B	0.04%
DLX	B	0.04%
TDOC	C	0.04%
EFC	C	0.04%
OPEN	D	0.04%
NEO	C	0.04%
VRTS	B	0.04%
CNOB	B	0.04%
SYNA	C	0.04%
MQ	F	0.04%
XRX	F	0.04%
NIC	B	0.04%
SYBT	B	0.04%
RDFN	D	0.04%
HUT	B	0.04%
HEES	B	0.04%
CWEN	C	0.04%
TDW	F	0.04%
OBK	B	0.04%
VIAV	B	0.04%
PTCT	B	0.04%
TMP	B	0.04%
NPO	A	0.04%
JJSF	B	0.04%
FBMS	B	0.04%
SBCF	A	0.04%
TDC	D	0.04%
PFC	A	0.04%
TRS	B	0.04%
FBRT	C	0.04%
PARR	D	0.04%
DAN	D	0.04%
BLMN	F	0.04%
ARWR	F	0.04%
CAL	D	0.04%
VSAT	F	0.03%
VRDN	D	0.03%
IRWD	F	0.03%
NXRT	B	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	B	0.03%
LPRO	C	0.03%
SPTN	D	0.03%
PBI	B	0.03%
FTRE	D	0.03%
HTLD	B	0.03%
KAR	B	0.03%
MSEX	B	0.03%
NX	C	0.03%
HTBK	A	0.03%
WTTR	B	0.03%
SNDX	F	0.03%
CVI	F	0.03%
CNDT	C	0.03%
HAIN	C	0.03%
STGW	B	0.03%
EQBK	A	0.03%
BXC	B	0.03%
MRTN	C	0.03%
MATV	D	0.03%
ETNB	C	0.03%
BFST	C	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%
VTS	A	0.03%
BV	B	0.03%
TRST	A	0.03%
PWP	B	0.03%
GNK	D	0.03%
CMTG	F	0.03%
ATMU	A	0.03%
EVRI	A	0.03%
INFN	C	0.03%
NAPA	B	0.03%
DNOW	B	0.03%
MATW	C	0.03%
FCBC	B	0.03%
SMMT	D	0.03%
VVX	C	0.03%
ATSG	B	0.03%
AMTB	B	0.03%
SAFT	C	0.03%
AKRO	B	0.03%
AXL	C	0.03%
VTOL	B	0.03%
DVAX	C	0.03%
VIR	D	0.03%
LILAK	D	0.03%
CARS	B	0.03%
AHH	D	0.03%
MCBS	B	0.03%
RYI	C	0.03%
NVCR	C	0.03%
VTLE	C	0.03%
LC	A	0.03%
BBIO	F	0.03%
TALO	C	0.03%
DFIN	D	0.03%
DOCN	D	0.03%
VRE	B	0.03%
HLF	C	0.03%
FA	C	0.03%
PSMT	C	0.03%
FOLD	F	0.03%
PRM	C	0.03%
FG	B	0.03%
ASIX	A	0.03%
CHEF	A	0.03%
WMK	C	0.03%
SCL	C	0.03%
MBWM	B	0.03%
SHC	F	0.03%
HBNC	B	0.03%
MBUU	C	0.03%
EMBC	C	0.03%
AESI	B	0.03%
IDYA	F	0.03%
OSBC	A	0.03%
RCUS	F	0.02%
ACHR	B	0.02%
FIP	D	0.02%
PCRX	C	0.02%
CNSL	C	0.02%
NUVB	C	0.02%
LGF.A	C	0.02%
NUS	D	0.02%
SD	D	0.02%
MGPI	F	0.02%
VZIO	A	0.02%
SNCY	C	0.02%
PLRX	F	0.02%
CGEM	F	0.02%
GRNT	B	0.02%
VREX	C	0.02%
HOUS	D	0.02%
RGNX	F	0.02%
NEXT	B	0.02%
SEDG	F	0.02%
CBL	A	0.02%
CWEN	C	0.02%
SDGR	C	0.02%
LXU	B	0.02%
KOP	C	0.02%
CCO	C	0.02%
AUPH	B	0.02%
BALY	C	0.02%
GOOD	B	0.02%
GTN	F	0.02%
WNC	C	0.02%
NVAX	F	0.02%
PRLB	A	0.02%
SAFE	D	0.02%
CMCO	B	0.02%
NBR	C	0.02%
ALEX	C	0.02%
CHPT	F	0.02%
DHC	F	0.02%
TWI	F	0.02%
THRY	F	0.02%
WRLD	C	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%
AORT	B	0.02%
PLYM	F	0.02%
RDUS	C	0.02%
NTST	D	0.02%
NVEE	F	0.02%
HPP	F	0.02%
ARVN	D	0.02%
TTGT	C	0.02%
BTSG	C	0.02%
PKST	D	0.02%
BGS	F	0.02%
CVLG	C	0.02%
MCW	B	0.02%
PZZA	D	0.02%
AGL	F	0.02%
PTVE	B	0.02%
BFS	C	0.02%
SAVA	D	0.02%
AMRK	F	0.02%
TREE	F	0.02%
CSTL	D	0.02%
OPK	C	0.02%
CMP	C	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	C	0.02%
NYMT	C	0.02%
NR	B	0.02%
SYRE	F	0.02%
ATUS	C	0.02%
SBGI	B	0.02%
SRRK	B	0.02%
HTZ	C	0.02%
UMH	C	0.02%
NVRI	F	0.02%
AIV	C	0.02%
EYE	C	0.02%
RAMP	C	0.02%
CCB	A	0.02%
UFCS	B	0.02%
MMI	B	0.02%
TRUP	B	0.02%
GSBC	B	0.02%
PLUG	F	0.02%
TXG	F	0.02%
WT	B	0.02%
HZO	D	0.02%
PARAA	B	0.01%
ORIC	F	0.01%
HPK	B	0.01%
CTRI	C	0.01%
MITK	C	0.01%
DH	D	0.01%
TTI	C	0.01%
GOGO	C	0.01%
ACDC	C	0.01%
TYRA	F	0.01%
FRPH	A	0.01%
BYON	F	0.01%
PTLO	F	0.01%
AVO	C	0.01%
REPX	A	0.01%
ALEC	F	0.01%
PLPC	B	0.01%
ACCD	D	0.01%
RUSHB	B	0.01%
GDRX	F	0.01%
LEGH	D	0.01%
UP	D	0.01%
CTOS	C	0.01%
CHCT	C	0.01%
TITN	C	0.01%
GEF	A	0.01%
HG	C	0.01%
BLFS	C	0.01%
TIPT	B	0.01%
ETWO	F	0.01%
HBT	B	0.01%
QTRX	F	0.01%
LILA	D	0.01%
TBLA	D	0.01%
CYRX	F	0.01%
PUMP	B	0.01%
IIIV	C	0.01%
FSLY	D	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%
RES	D	0.01%
TFSL	A	0.01%
RPAY	D	0.01%
COGT	D	0.01%
KRO	D	0.01%
OLMA	F	0.01%
OLO	B	0.01%
OABI	F	0.01%
FPI	B	0.01%
MERC	F	0.01%
SEAT	F	0.01%
SEMR	B	0.01%
GES	F	0.01%
ENFN	A	0.01%
KGS	B	0.01%
ARHS	F	0.01%
TARS	B	0.01%
MYE	F	0.01%
THR	B	0.01%
ATRO	D	0.01%
NOVA	F	0.01%
GMRE	F	0.01%
SWBI	C	0.01%
IMXI	B	0.01%
STOK	F	0.01%
IIIN	C	0.01%
PACK	B	0.01%
HVT	D	0.01%
MBIN	D	0.01%
UTZ	D	0.01%
AOSL	C	0.01%
MLAB	D	0.01%
EVER	F	0.01%
SNRE	D	0.01%
AMBC	C	0.01%
CCRN	F	0.01%
GCT	D	0.01%
FOR	F	0.01%
CLNE	D	0.01%
UHT	D	0.01%
ACIC	B	0.01%
MTUS	C	0.01%
DAWN	F	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	C	0.01%
SWI	B	0.01%
PLOW	D	0.01%
LEU	C	0.01%
ARKO	C	0.01%
LMB	A	0.01%
FLGT	F	0.01%
BSIG	A	0.01%
LFST	C	0.01%
ROOT	B	0.01%
BELFB	C	0.01%
CLBK	B	0.01%
ALXO	F	0.0%
NKLA	F	0.0%
EWCZ	F	0.0%
SAGE	F	0.0%
SANA	F	0.0%
CDLX	D	0.0%
ACTG	D	0.0%
RILY	F	0.0%
LYEL	F	0.0%
ANAB	F	0.0%
ZNTL	F	0.0%
DNA	F	0.0%
GYRE	F	0.0%
WEST	C	0.0%
CHGG	D	0.0%
CABA	F	0.0%
TH	C	0.0%
MAX	F	0.0%
BOWL	C	0.0%
PGY	F	0.0%
YMAB	F	0.0%

ISCV Underweight 249 Positions Relative to FSMD

Symbol	Grade	Weight
TPL	A	-0.57%
EME	C	-0.46%
LYV	A	-0.42%
IBKR	A	-0.42%
NRG	B	-0.41%
UTHR	C	-0.38%
NTNX	A	-0.38%
LII	A	-0.37%
SNA	A	-0.37%
MANH	D	-0.36%
NTRA	B	-0.35%
GWRE	A	-0.35%
RPM	A	-0.35%
THC	D	-0.34%
PNR	A	-0.34%
FIX	A	-0.34%
NWSA	B	-0.33%
DUOL	A	-0.33%
TOL	B	-0.33%
WSO	A	-0.33%
CASY	A	-0.32%
OC	A	-0.32%
EQH	B	-0.32%
TW	A	-0.32%
RGA	A	-0.31%
L	A	-0.31%
CW	B	-0.31%
ACM	A	-0.31%
GGG	B	-0.3%
INCY	C	-0.3%
RNR	C	-0.3%
PSTG	D	-0.3%
ROL	B	-0.29%
TXRH	C	-0.29%
FTI	A	-0.29%
UNM	A	-0.29%
CPT	B	-0.28%
DOCS	C	-0.28%
NDSN	B	-0.28%
EXEL	B	-0.28%
ELS	C	-0.28%
SCI	B	-0.28%
SW	A	-0.28%
NBIX	C	-0.27%
TTEK	F	-0.27%
UHS	D	-0.27%
REG	B	-0.27%
CLH	B	-0.27%
JNPR	F	-0.27%
LECO	B	-0.26%
PCVX	D	-0.26%
BSY	D	-0.26%
BXP	D	-0.26%
ALLE	D	-0.26%
BWXT	B	-0.26%
OWL	A	-0.26%
AMH	D	-0.26%
NVT	B	-0.26%
ITT	A	-0.26%
AAON	B	-0.25%
AIT	A	-0.25%
EXP	A	-0.25%
SOLV	C	-0.25%
EHC	B	-0.25%
DOX	D	-0.25%
DKS	C	-0.25%
BJ	A	-0.25%
TAP	C	-0.25%
WWD	B	-0.24%
NYT	C	-0.24%
BLD	D	-0.24%
BRBR	A	-0.24%
KNSL	B	-0.24%
CUBE	D	-0.24%
HLNE	B	-0.23%
PLNT	A	-0.23%
MORN	B	-0.23%
AFG	A	-0.23%
SRPT	D	-0.23%
MUSA	A	-0.23%
FN	D	-0.23%
ERIE	D	-0.23%
ADMA	B	-0.22%
ENSG	D	-0.22%
SNX	C	-0.22%
DVA	B	-0.22%
ALLY	C	-0.22%
WING	D	-0.22%
CHDN	B	-0.22%
HALO	F	-0.21%
QTWO	A	-0.21%
MEDP	D	-0.21%
EXLS	B	-0.21%
EWTX	C	-0.21%
ONTO	D	-0.21%
TFX	F	-0.21%
GKOS	B	-0.21%
RBC	A	-0.21%
MTSI	B	-0.21%
CHE	D	-0.21%
DCI	B	-0.21%
CRBG	B	-0.2%
MMSI	B	-0.2%
SKX	D	-0.2%
CPB	D	-0.2%
STRL	B	-0.2%
RLI	B	-0.2%
MTCH	D	-0.2%
HRL	D	-0.2%
CVLT	B	-0.2%
RDNT	B	-0.2%
WMS	D	-0.19%
ANF	C	-0.19%
BMI	B	-0.19%
ACI	C	-0.19%
PRCT	B	-0.19%
AOS	F	-0.19%
RGEN	D	-0.19%
ACLX	C	-0.19%
WMG	C	-0.18%
WFRD	D	-0.18%
SUM	B	-0.18%
OLED	D	-0.18%
ESTC	C	-0.18%
TREX	C	-0.18%
DINO	D	-0.18%
IDCC	A	-0.18%
HIMS	B	-0.18%
SN	D	-0.18%
FR	C	-0.18%
POWL	C	-0.18%
AWI	A	-0.18%
SSD	D	-0.18%
ALTR	B	-0.18%
CSWI	A	-0.18%
GNTX	C	-0.18%
FCN	D	-0.17%
PI	D	-0.17%
BPMC	C	-0.17%
QLYS	C	-0.17%
BFAM	D	-0.17%
HII	D	-0.17%
NOVT	D	-0.17%
SPSC	C	-0.17%
IESC	B	-0.16%
VVV	F	-0.16%
ZETA	D	-0.16%
HAE	C	-0.16%
PEGA	A	-0.16%
APPF	B	-0.16%
COKE	C	-0.16%
OLLI	D	-0.16%
LNTH	D	-0.16%
BCPC	B	-0.16%
ZWS	B	-0.16%
ROAD	A	-0.16%
CNM	D	-0.16%
VRNS	D	-0.16%
LOPE	B	-0.16%
MIR	A	-0.15%
CVCO	A	-0.15%
CRVL	A	-0.15%
KRYS	B	-0.15%
KAI	A	-0.15%
ACA	A	-0.15%
AXNX	C	-0.15%
DY	D	-0.15%
TENB	C	-0.15%
BRKR	D	-0.15%
WTS	B	-0.15%
PJT	A	-0.15%
CRNX	C	-0.15%
NHI	D	-0.14%
VCEL	B	-0.14%
USLM	A	-0.14%
WDFC	B	-0.14%
DLB	B	-0.14%
CHH	A	-0.14%
IBP	D	-0.14%
EXPO	D	-0.14%
SMLR	B	-0.14%
FSS	B	-0.14%
PLMR	B	-0.13%
CBZ	B	-0.13%
LMAT	A	-0.13%
LANC	C	-0.13%
AGR	B	-0.13%
GNW	A	-0.13%
FELE	B	-0.13%
IOSP	B	-0.12%
TPB	B	-0.12%
FORM	D	-0.12%
CTS	C	-0.12%
ICFI	F	-0.12%
PAHC	C	-0.12%
AMPH	D	-0.12%
PAG	B	-0.12%
ADUS	D	-0.12%
EPAC	B	-0.12%
UFPT	B	-0.12%
WLK	D	-0.12%
VRRM	D	-0.11%
HCI	C	-0.11%
TWST	D	-0.11%
SHO	C	-0.11%
HWKN	B	-0.11%
STRA	C	-0.11%
SPOK	C	-0.11%
ALRM	C	-0.11%
ADTN	A	-0.11%
MGRC	B	-0.11%
MCB	B	-0.11%
ATEN	B	-0.11%
GNE	D	-0.1%
ASTH	D	-0.1%
UTI	A	-0.1%
UVE	B	-0.1%
ROCK	C	-0.1%
THFF	B	-0.1%
HSTM	B	-0.1%
WINA	B	-0.1%
MSBI	B	-0.1%
STNG	F	-0.1%
MCRI	A	-0.1%
CSV	B	-0.1%
CRAI	B	-0.1%
SIRI	C	-0.1%
XHR	B	-0.1%
ZYXI	D	-0.09%
UTMD	F	-0.09%
CWCO	C	-0.09%
FF	D	-0.09%
ANIP	F	-0.09%
OLP	B	-0.09%
NVEC	C	-0.08%
AMCX	C	-0.08%
OSUR	F	-0.08%
STAA	F	-0.08%
VNDA	C	-0.08%
SIGA	F	-0.07%
CECO	A	-0.07%
NSSC	D	-0.07%
RMR	F	-0.07%
SLP	D	-0.07%
TRNS	D	-0.07%
IMMR	C	-0.06%
MRVI	F	-0.06%
ASC	F	-0.06%
PANL	F	-0.06%