CFA vs. SSPY ETF Comparison

Comparison of Compass EMP US 500 Volatility Weighted Index ETF (CFA) to Syntax Stratified LargeCap ETF (SSPY)

CFA

Compass EMP US 500 Volatility Weighted Index ETF

CFA Description

The investment seeks to provide investment results that match the performance of the CEMP U.S. Large Cap 500 Volatility Weighted Index before fees and expenses. The index is an unmanaged index that was created by the fund's investment advisor and generally consists of the common stock of the 500 largest companies by market capitalization that have their headquarters in the U.S. and the stock of which trades on U.S. exchanges. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) in securities of U.S. issuers included in the index as of its most recent reconstitution.

Grade (RS Rating)

Last Trade

$90.25

Average Daily Volume

9,545

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	CFA	SSPY
30 Days	4.63%	4.23%
60 Days	5.67%	1.79%
90 Days	8.16%	3.72%
12 Months	29.52%	23.81%

405 Overlapping Holdings

Symbol	Grade	Weight in CFA	Weight in SSPY	Overlap
A	D	0.16%	0.15%	0.15%
AAPL	C	0.2%	0.5%	0.2%
ABBV	D	0.2%	0.24%	0.2%
ABNB	C	0.16%	0.12%	0.12%
ABT	B	0.27%	0.06%	0.06%
ACGL	D	0.2%	0.14%	0.14%
ACN	C	0.2%	0.13%	0.13%
ADBE	C	0.11%	0.16%	0.11%
ADI	D	0.13%	0.22%	0.13%
ADM	D	0.11%	0.37%	0.11%
ADP	B	0.35%	0.21%	0.21%
ADSK	A	0.2%	0.17%	0.17%
AEE	A	0.26%	0.08%	0.08%
AEP	D	0.23%	0.24%	0.23%
AES	F	0.1%	0.32%	0.1%
AFL	B	0.23%	0.2%	0.2%
AIG	B	0.23%	0.2%	0.2%
AJG	B	0.25%	0.03%	0.03%
AKAM	D	0.15%	0.27%	0.15%
ALGN	D	0.12%	0.1%	0.1%
ALL	A	0.24%	0.2%	0.2%
ALLE	D	0.21%	0.08%	0.08%
AMAT	F	0.1%	0.18%	0.1%
AMD	F	0.09%	0.14%	0.09%
AME	A	0.25%	0.13%	0.13%
AMGN	D	0.15%	0.24%	0.15%
AMP	A	0.32%	0.08%	0.08%
AMZN	C	0.2%	0.22%	0.2%
ANET	C	0.12%	0.21%	0.12%
AON	A	0.23%	0.04%	0.04%
AOS	F	0.17%	0.21%	0.17%
APD	A	0.19%	0.05%	0.05%
APH	A	0.2%	0.19%	0.19%
APTV	D	0.09%	0.4%	0.09%
ATO	A	0.35%	0.33%	0.33%
AVGO	D	0.1%	0.23%	0.1%
AVY	D	0.25%	0.06%	0.06%
AWK	D	0.22%	0.32%	0.22%
AXON	A	0.22%	0.09%	0.09%
AXP	A	0.23%	0.04%	0.04%
AZO	C	0.22%	0.14%	0.14%
BAC	A	0.24%	0.12%	0.12%
BBY	D	0.12%	0.17%	0.12%
BDX	F	0.24%	0.05%	0.05%
BG	F	0.17%	0.37%	0.17%
BIIB	F	0.13%	0.24%	0.13%
BK	A	0.31%	0.11%	0.11%
BKNG	A	0.22%	0.11%	0.11%
BKR	B	0.23%	0.35%	0.23%
BLDR	D	0.1%	0.19%	0.1%
BLK	C	0.29%	0.08%	0.08%
BR	A	0.26%	0.11%	0.11%
BRK.A	B	0.35%	0.5%	0.35%
BRO	B	0.26%	0.04%	0.04%
BSX	B	0.3%	0.06%	0.06%
BX	A	0.2%	0.08%	0.08%
C	A	0.21%	0.13%	0.13%
CAG	D	0.19%	0.21%	0.19%
CAH	B	0.23%	0.19%	0.19%
CARR	D	0.16%	0.08%	0.08%
CAT	B	0.2%	0.14%	0.14%
CB	C	0.28%	0.14%	0.14%
CBOE	B	0.23%	0.04%	0.04%
CBRE	B	0.19%	0.04%	0.04%
CDNS	B	0.16%	0.33%	0.16%
CDW	F	0.15%	0.13%	0.13%
CE	F	0.1%	0.07%	0.07%
CEG	D	0.12%	0.38%	0.12%
CF	B	0.18%	0.09%	0.09%
CFG	B	0.17%	0.06%	0.06%
CHD	B	0.32%	0.42%	0.32%
CHRW	C	0.15%	0.09%	0.09%
CHTR	C	0.13%	0.47%	0.13%
CI	F	0.22%	0.19%	0.19%
CINF	A	0.25%	0.14%	0.14%
CL	D	0.29%	0.41%	0.29%
CLX	B	0.23%	0.41%	0.23%
CMCSA	B	0.24%	0.52%	0.24%
CME	A	0.28%	0.04%	0.04%
CMG	B	0.17%	0.5%	0.17%
CMI	A	0.23%	0.08%	0.08%
CMS	C	0.27%	0.08%	0.08%
CNC	D	0.14%	0.26%	0.14%
CNP	B	0.25%	0.26%	0.25%
COF	B	0.23%	0.7%	0.23%
COP	C	0.24%	0.07%	0.07%
COR	B	0.28%	0.18%	0.18%
COST	B	0.24%	0.71%	0.24%
CPAY	A	0.21%	0.04%	0.04%
CPB	D	0.2%	0.2%	0.2%
CPRT	A	0.27%	0.23%	0.23%
CRM	B	0.17%	0.35%	0.17%
CRWD	B	0.12%	0.18%	0.12%
CSCO	B	0.29%	0.21%	0.21%
CSGP	D	0.16%	0.04%	0.04%
CSX	B	0.28%	0.08%	0.08%
CTAS	B	0.26%	0.18%	0.18%
CTRA	B	0.23%	0.17%	0.17%
CTSH	B	0.23%	0.13%	0.13%
CTVA	C	0.15%	0.08%	0.08%
CVS	D	0.14%	0.69%	0.14%
CVX	A	0.27%	0.76%	0.27%
D	C	0.21%	0.24%	0.21%
DAL	C	0.22%	0.28%	0.22%
DD	D	0.17%	0.05%	0.05%
DE	A	0.21%	0.13%	0.13%
DECK	A	0.13%	0.3%	0.13%
DELL	C	0.09%	0.17%	0.09%
DG	F	0.09%	0.17%	0.09%
DGX	A	0.24%	0.16%	0.16%
DHI	D	0.12%	0.24%	0.12%
DHR	F	0.18%	0.1%	0.1%
DIS	B	0.22%	0.21%	0.21%
DOV	A	0.25%	0.17%	0.17%
DOW	F	0.2%	0.07%	0.07%
DPZ	C	0.17%	0.52%	0.17%
DRI	B	0.23%	0.51%	0.23%
DTE	C	0.24%	0.25%	0.24%
DUK	C	0.3%	0.07%	0.07%
DVA	B	0.18%	0.11%	0.11%
DVN	F	0.17%	0.16%	0.16%
DXCM	D	0.08%	0.1%	0.08%
EA	A	0.29%	0.49%	0.29%
EBAY	D	0.2%	0.22%	0.2%
ECL	D	0.23%	0.05%	0.05%
ED	D	0.26%	0.24%	0.24%
EFX	F	0.13%	0.04%	0.04%
EG	C	0.19%	0.14%	0.14%
EIX	B	0.24%	0.25%	0.24%
EL	F	0.09%	0.5%	0.09%
ELV	F	0.17%	0.24%	0.17%
EMN	D	0.22%	0.05%	0.05%
EMR	A	0.23%	0.03%	0.03%
ENPH	F	0.04%	0.26%	0.04%
EOG	A	0.23%	0.07%	0.07%
EPAM	C	0.12%	0.13%	0.12%
EQT	B	0.2%	0.18%	0.18%
ERIE	D	0.15%	0.2%	0.15%
ETN	A	0.19%	0.26%	0.19%
ETR	B	0.32%	0.25%	0.25%
EVRG	A	0.29%	0.08%	0.08%
EW	C	0.1%	0.06%	0.06%
EXC	C	0.22%	0.3%	0.22%
EXPD	D	0.22%	0.09%	0.09%
EXPE	B	0.15%	0.12%	0.12%
F	C	0.12%	0.25%	0.12%
FANG	D	0.17%	0.07%	0.07%
FAST	B	0.26%	0.13%	0.13%
FCX	D	0.13%	0.3%	0.13%
FDS	B	0.25%	0.04%	0.04%
FDX	B	0.15%	0.07%	0.07%
FE	C	0.27%	0.24%	0.24%
FFIV	B	0.21%	0.21%	0.21%
FI	A	0.34%	0.06%	0.06%
FICO	B	0.2%	0.05%	0.05%
FIS	C	0.22%	0.05%	0.05%
FITB	A	0.19%	0.06%	0.06%
FOXA	B	0.25%	0.1%	0.1%
FSLR	F	0.08%	0.2%	0.08%
FTNT	C	0.14%	0.17%	0.14%
FTV	C	0.21%	0.03%	0.03%
GD	F	0.29%	0.16%	0.16%
GDDY	A	0.24%	0.27%	0.24%
GE	D	0.17%	0.17%	0.17%
GEHC	F	0.15%	0.1%	0.1%
GEN	B	0.17%	0.17%	0.17%
GEV	B	0.15%	0.18%	0.15%
GILD	C	0.21%	0.25%	0.21%
GIS	D	0.21%	0.21%	0.21%
GLW	B	0.19%	0.19%	0.19%
GM	B	0.19%	0.25%	0.19%
GOOGL	C	0.19%	0.23%	0.19%
GPC	D	0.17%	0.15%	0.15%
GPN	B	0.17%	0.04%	0.04%
GRMN	B	0.21%	0.33%	0.21%
GS	A	0.24%	0.25%	0.24%
GWW	B	0.27%	0.12%	0.12%
HAL	C	0.18%	0.34%	0.18%
HBAN	A	0.21%	0.06%	0.06%
HCA	F	0.17%	0.33%	0.17%
HD	A	0.25%	0.26%	0.25%
HIG	B	0.25%	0.14%	0.14%
HII	D	0.15%	0.08%	0.08%
HLT	A	0.29%	0.12%	0.12%
HOLX	D	0.29%	0.1%	0.1%
HON	B	0.33%	0.17%	0.17%
HPE	B	0.15%	0.19%	0.15%
HPQ	B	0.15%	0.35%	0.15%
HRL	D	0.15%	0.36%	0.15%
HSY	F	0.19%	0.18%	0.18%
HUBB	B	0.18%	0.26%	0.18%
HUM	C	0.1%	0.26%	0.1%
HWM	A	0.16%	0.08%	0.08%
IBM	C	0.21%	0.34%	0.21%
ICE	C	0.3%	0.04%	0.04%
IDXX	F	0.16%	0.1%	0.1%
IEX	B	0.27%	0.2%	0.2%
INCY	C	0.22%	0.25%	0.22%
INTC	D	0.1%	0.16%	0.1%
INTU	C	0.18%	0.2%	0.18%
IP	B	0.19%	0.06%	0.06%
IPG	D	0.19%	0.34%	0.19%
IQV	D	0.12%	0.14%	0.12%
IR	B	0.2%	0.2%	0.2%
ISRG	A	0.19%	0.12%	0.12%
IT	C	0.21%	0.13%	0.13%
ITW	B	0.33%	0.17%	0.17%
J	F	0.23%	0.4%	0.23%
JBHT	C	0.18%	0.08%	0.08%
JBL	B	0.13%	0.38%	0.13%
JCI	C	0.21%	0.08%	0.08%
JKHY	D	0.25%	0.05%	0.05%
JNJ	D	0.28%	0.24%	0.24%
JPM	A	0.26%	0.13%	0.13%
KDP	D	0.24%	0.24%	0.24%
KEY	B	0.16%	0.06%	0.06%
KEYS	A	0.14%	0.21%	0.14%
KHC	F	0.2%	0.21%	0.2%
KKR	A	0.18%	0.09%	0.09%
KLAC	D	0.09%	0.17%	0.09%
KMB	D	0.23%	0.42%	0.23%
KMI	A	0.37%	0.25%	0.25%
KMX	B	0.12%	0.14%	0.12%
KO	D	0.33%	0.25%	0.25%
KR	B	0.24%	0.74%	0.24%
KVUE	A	0.18%	0.42%	0.18%
L	A	0.33%	0.49%	0.33%
LDOS	C	0.26%	0.13%	0.13%
LEN	D	0.14%	0.25%	0.14%
LH	C	0.22%	0.16%	0.16%
LHX	C	0.28%	0.08%	0.08%
LIN	D	0.3%	0.04%	0.04%
LLY	F	0.12%	0.23%	0.12%
LMT	D	0.3%	0.09%	0.09%
LNT	A	0.27%	0.08%	0.08%
LOW	D	0.22%	0.26%	0.22%
LUV	C	0.13%	0.25%	0.13%
LVS	C	0.21%	0.08%	0.08%
LYB	F	0.22%	0.07%	0.07%
LYV	A	0.23%	0.09%	0.09%
MA	C	0.32%	0.04%	0.04%
MAR	B	0.27%	0.12%	0.12%
MAS	D	0.17%	0.19%	0.17%
MCD	D	0.26%	0.5%	0.26%
MCHP	D	0.1%	0.14%	0.1%
MCK	B	0.24%	0.18%	0.18%
MCO	B	0.23%	0.04%	0.04%
MDLZ	F	0.24%	0.18%	0.18%
MDT	D	0.25%	0.06%	0.06%
MET	A	0.26%	0.21%	0.21%
META	D	0.13%	0.47%	0.13%
MGM	D	0.14%	0.07%	0.07%
MKC	D	0.18%	0.21%	0.18%
MLM	B	0.22%	0.17%	0.17%
MMC	B	0.3%	0.04%	0.04%
MMM	D	0.12%	0.17%	0.12%
MNST	C	0.23%	0.25%	0.23%
MO	A	0.27%	0.35%	0.27%
MOH	F	0.13%	0.25%	0.13%
MPC	D	0.15%	0.49%	0.15%
MPWR	F	0.06%	0.22%	0.06%
MRK	F	0.18%	0.24%	0.18%
MS	A	0.26%	0.26%	0.26%
MSCI	C	0.16%	0.04%	0.04%
MSFT	F	0.24%	0.32%	0.24%
MSI	B	0.31%	0.49%	0.31%
MTB	A	0.22%	0.06%	0.06%
MTD	D	0.11%	0.15%	0.11%
NDAQ	A	0.26%	0.04%	0.04%
NDSN	B	0.21%	0.03%	0.03%
NEE	D	0.17%	0.24%	0.17%
NFLX	A	0.19%	0.22%	0.19%
NI	A	0.32%	0.33%	0.32%
NKE	D	0.12%	0.33%	0.12%
NOC	D	0.23%	0.09%	0.09%
NOW	A	0.15%	0.22%	0.15%
NRG	B	0.15%	0.33%	0.15%
NSC	B	0.18%	0.08%	0.08%
NTAP	C	0.14%	0.17%	0.14%
NTRS	A	0.24%	0.08%	0.08%
NUE	C	0.17%	0.26%	0.17%
NVDA	C	0.1%	0.13%	0.1%
NVR	D	0.19%	0.26%	0.19%
NWSA	B	0.22%	0.1%	0.1%
NXPI	D	0.11%	0.23%	0.11%
ODFL	B	0.17%	0.08%	0.08%
OKE	A	0.32%	0.24%	0.24%
OMC	C	0.22%	0.34%	0.22%
ON	D	0.08%	0.23%	0.08%
ORCL	B	0.2%	0.34%	0.2%
ORLY	B	0.26%	0.14%	0.14%
OTIS	C	0.28%	0.08%	0.08%
OXY	D	0.2%	0.07%	0.07%
PANW	C	0.11%	0.16%	0.11%
PAYX	C	0.27%	0.21%	0.21%
PCAR	B	0.22%	0.13%	0.13%
PCG	A	0.27%	0.08%	0.08%
PEG	A	0.3%	0.26%	0.26%
PEP	F	0.25%	0.18%	0.18%
PFG	D	0.26%	0.21%	0.21%
PG	A	0.31%	0.42%	0.31%
PGR	A	0.23%	0.19%	0.19%
PH	A	0.2%	0.08%	0.08%
PHM	D	0.15%	0.25%	0.15%
PKG	A	0.29%	0.06%	0.06%
PLTR	B	0.15%	0.23%	0.15%
PM	B	0.31%	0.35%	0.31%
PNC	B	0.21%	0.06%	0.06%
PODD	C	0.15%	0.1%	0.1%
POOL	C	0.15%	0.13%	0.13%
PPG	F	0.26%	0.07%	0.07%
PPL	B	0.31%	0.08%	0.08%
PRU	A	0.22%	0.2%	0.2%
PSX	C	0.18%	0.51%	0.18%
PTC	A	0.24%	0.17%	0.17%
PWR	A	0.17%	0.4%	0.17%
PYPL	B	0.16%	0.06%	0.06%
QCOM	F	0.11%	0.22%	0.11%
RCL	A	0.19%	0.09%	0.09%
REGN	F	0.18%	0.22%	0.18%
RF	A	0.2%	0.06%	0.06%
RJF	A	0.3%	0.25%	0.25%
RMD	C	0.11%	0.09%	0.09%
ROK	B	0.14%	0.03%	0.03%
ROL	B	0.22%	0.18%	0.18%
ROP	B	0.26%	0.03%	0.03%
ROST	C	0.22%	0.72%	0.22%
RSG	A	0.34%	0.18%	0.18%
RTX	C	0.26%	0.08%	0.08%
RVTY	F	0.14%	0.1%	0.1%
SBUX	A	0.12%	0.48%	0.12%
SCHW	B	0.22%	0.25%	0.22%
SHW	A	0.23%	0.06%	0.06%
SJM	D	0.2%	0.21%	0.2%
SLB	C	0.18%	0.35%	0.18%
SMCI	F	0.02%	0.15%	0.02%
SNA	A	0.26%	0.25%	0.25%
SNPS	B	0.14%	0.34%	0.14%
SO	D	0.28%	0.08%	0.08%
SOLV	C	0.13%	0.05%	0.05%
SPGI	C	0.29%	0.04%	0.04%
SRE	A	0.3%	0.08%	0.08%
STE	F	0.2%	0.12%	0.12%
STLD	B	0.2%	0.27%	0.2%
STT	A	0.24%	0.12%	0.12%
STX	D	0.15%	0.17%	0.15%
STZ	D	0.24%	0.25%	0.24%
SWKS	F	0.1%	0.21%	0.1%
SYF	B	0.2%	0.69%	0.2%
SYK	C	0.26%	0.12%	0.12%
SYY	B	0.23%	0.75%	0.23%
T	A	0.28%	0.33%	0.28%
TAP	C	0.23%	0.25%	0.23%
TDG	D	0.2%	0.08%	0.08%
TDY	B	0.22%	0.03%	0.03%
TECH	D	0.11%	0.15%	0.11%
TER	D	0.08%	0.17%	0.08%
TFX	F	0.14%	0.05%	0.05%
TGT	F	0.15%	0.17%	0.15%
TJX	A	0.27%	0.72%	0.27%
TMO	F	0.19%	0.14%	0.14%
TMUS	B	0.42%	0.33%	0.33%
TRGP	B	0.32%	0.24%	0.24%
TRMB	B	0.23%	0.03%	0.03%
TROW	B	0.22%	0.09%	0.09%
TRV	B	0.25%	0.14%	0.14%
TSCO	D	0.2%	0.12%	0.12%
TSLA	B	0.13%	0.28%	0.13%
TT	A	0.23%	0.07%	0.07%
TXN	C	0.17%	0.23%	0.17%
TXT	D	0.19%	0.16%	0.16%
TYL	B	0.2%	0.22%	0.2%
UAL	A	0.22%	0.28%	0.22%
UBER	D	0.12%	0.11%	0.11%
UHS	D	0.15%	0.32%	0.15%
ULTA	F	0.14%	0.17%	0.14%
UNH	C	0.19%	0.26%	0.19%
UNP	C	0.25%	0.08%	0.08%
UPS	C	0.18%	0.09%	0.09%
URI	B	0.14%	0.14%	0.14%
USB	A	0.19%	0.06%	0.06%
V	A	0.35%	0.04%	0.04%
VLO	C	0.16%	0.5%	0.16%
VLTO	D	0.2%	0.03%	0.03%
VMC	B	0.23%	0.17%	0.17%
VRSK	A	0.24%	0.04%	0.04%
VRSN	F	0.25%	0.27%	0.25%
VST	B	0.16%	0.41%	0.16%
VZ	C	0.23%	0.33%	0.23%
WAB	B	0.26%	0.13%	0.13%
WAT	B	0.16%	0.15%	0.15%
WEC	A	0.26%	0.07%	0.07%
WFC	A	0.24%	0.13%	0.13%
WM	A	0.27%	0.18%	0.18%
WMB	A	0.33%	0.25%	0.25%
WMT	A	0.29%	0.73%	0.29%
WRB	A	0.22%	0.14%	0.14%
WST	C	0.13%	0.05%	0.05%
XEL	A	0.23%	0.08%	0.08%
XOM	B	0.26%	0.77%	0.26%
XYL	D	0.21%	0.19%	0.19%
YUM	B	0.29%	0.51%	0.29%
ZBH	C	0.24%	0.12%	0.12%
ZBRA	B	0.15%	0.13%	0.13%
ZTS	D	0.17%	0.25%	0.17%

CFA Overweight 90 Positions Relative to SSPY

Symbol	Grade	Weight
LNG	B	0.3%
IBKR	A	0.28%
GGG	B	0.27%
RPM	A	0.26%
CW	B	0.26%
AFG	A	0.26%
APP	B	0.25%
SCI	B	0.25%
SSNC	B	0.25%
MKL	A	0.25%
HEI	B	0.24%
JEF	A	0.24%
TW	A	0.24%
TXRH	C	0.23%
EQH	B	0.23%
ACM	A	0.23%
MORN	B	0.23%
RNR	C	0.22%
RGA	A	0.22%
USFD	A	0.22%
APO	B	0.22%
LPLA	A	0.21%
EWBC	A	0.21%
PFGC	B	0.21%
EME	C	0.2%
FNF	B	0.2%
OWL	A	0.2%
ARES	A	0.2%
ITT	A	0.2%
TPL	A	0.19%
CSL	C	0.19%
WSO	A	0.19%
WMG	C	0.19%
CLH	B	0.19%
RS	B	0.19%
LII	A	0.18%
CASY	A	0.18%
OVV	B	0.18%
OC	A	0.18%
RYAN	B	0.18%
H	B	0.18%
TTEK	F	0.17%
CRBG	B	0.17%
DOCU	A	0.17%
ZM	B	0.17%
PR	B	0.17%
FCNCA	A	0.17%
PAG	B	0.17%
UTHR	C	0.16%
VEEV	C	0.16%
WLK	D	0.15%
JLL	D	0.15%
MANH	D	0.15%
DT	C	0.15%
BAH	F	0.15%
FIX	A	0.14%
CPNG	D	0.14%
DDOG	A	0.14%
BSY	D	0.14%
XPO	B	0.14%
WDAY	B	0.14%
UHAL	D	0.14%
HOOD	B	0.14%
VRT	B	0.13%
BURL	A	0.13%
THC	D	0.13%
TOL	B	0.13%
SQ	B	0.13%
TTD	B	0.12%
BMRN	D	0.12%
ALLY	C	0.12%
NBIX	C	0.12%
COKE	C	0.12%
COIN	C	0.11%
WMS	D	0.11%
FND	C	0.11%
WING	D	0.11%
AVTR	F	0.11%
LRCX	F	0.1%
DKS	C	0.1%
ENTG	D	0.1%
BLD	D	0.1%
WSM	B	0.1%
KNSL	B	0.1%
PINS	D	0.1%
CVNA	B	0.09%
PSTG	D	0.09%
CHWY	B	0.08%
SRPT	D	0.07%
RKT	F	0.06%

CFA Underweight 95 Positions Relative to SSPY

Symbol	Grade	Weight
DFS	B	-0.69%
WBA	F	-0.64%
TTWO	A	-0.49%
MTCH	D	-0.47%
BWA	D	-0.42%
TSN	B	-0.36%
TPR	B	-0.33%
RL	B	-0.32%
LULU	C	-0.31%
SWK	D	-0.27%
EQIX	A	-0.27%
HAS	D	-0.26%
DLR	B	-0.26%
NEM	D	-0.25%
CTLT	B	-0.25%
BMY	B	-0.25%
MRNA	F	-0.24%
VTRS	A	-0.24%
PFE	D	-0.24%
GOOG	C	-0.23%
VRTX	F	-0.23%
PAYC	B	-0.22%
LW	C	-0.22%
DAY	B	-0.22%
QRVO	F	-0.21%
GL	B	-0.2%
JNPR	F	-0.2%
PARA	C	-0.2%
AIZ	A	-0.2%
HSIC	B	-0.2%
MHK	D	-0.19%
TEL	B	-0.19%
WBD	C	-0.19%
PNR	A	-0.19%
BBWI	D	-0.19%
K	A	-0.18%
ANSS	B	-0.17%
WY	D	-0.17%
DLTR	F	-0.17%
WDC	D	-0.17%
BA	F	-0.16%
MU	D	-0.15%
CRL	C	-0.14%
LKQ	D	-0.14%
BALL	D	-0.13%
AMCR	D	-0.13%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
PSA	D	-0.11%
CPT	B	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
HST	C	-0.11%
NWS	B	-0.1%
ESS	B	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
AVB	B	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
FMC	D	-0.09%
BEN	C	-0.09%
CCL	B	-0.09%
NCLH	B	-0.09%
IVZ	B	-0.09%
GNRC	B	-0.08%
WYNN	D	-0.08%
MOS	F	-0.08%
O	D	-0.07%
SPG	B	-0.07%
SW	A	-0.07%
CZR	F	-0.07%
MRO	B	-0.07%
APA	D	-0.07%
HES	B	-0.07%
PNW	B	-0.07%
ES	D	-0.07%
TFC	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%
IFF	D	-0.05%
BAX	D	-0.05%
ALB	C	-0.05%
MKTX	D	-0.04%
WTW	B	-0.03%