Are Intel C++ Runtime Libraries Complete?

I am using Intel Parallel Studio XE 2020. Do the runtime libraries supplied with the Intel C++ compiler replace all of the functionality supplied by the Microsoft Visual C++ runtime libraries?

If so, how do I keep the DLL I am building in Visual Studio from referencing the Microsoft libraries? This cannot be as simple as using the /NODEFAULTLIB linker option, because when I do this, I get errors like this:

>ipo: : warning #11021: unresolved free
>        Referenced in ipo_1142035obj3.obj
>        Referenced in MSVCRT.lib(delete_scalar.obj)

If the Intel runtime libraries do not completely replace the Microsoft runtime libraries, then what functionality is missing?