MMTM vs. FIDU ETF Comparison

Comparison of SPDR S&P 1500 Momentum Tilt ETF (MMTM) to Fidelity MSCI Industrials Index ETF (FIDU)

MMTM

SPDR S&P 1500 Momentum Tilt ETF

MMTM Description

The investment seeks investment results that, before fees and expenses, correspond to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P 1500 Positive Momentum Tilt Index. It invests substantially all, but at least 80%, of total assets in the securities, including business development companies, comprising the index. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P Composite 1500 Index and stocks with relatively low momentum are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$249.77

Average Daily Volume

1,525

Number of Holdings ^*

1407

* may have additional holdings in another (foreign) market

FIDU

Fidelity MSCI Industrials Index ETF

FIDU Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials 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 Industrials Index, which represents the performance of the industrial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Industrials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.67

Average Daily Volume

86,824

Number of Holdings ^*

348

* may have additional holdings in another (foreign) market

Performance

Period	MMTM	FIDU
30 Days	2.60%	2.32%
60 Days	8.28%	8.83%
90 Days	1.08%	10.75%
12 Months	41.13%	36.29%

232 Overlapping Holdings

Symbol	Grade	Weight in MMTM	Weight in FIDU	Overlap
AAL	D	0.0%	0.04%	0.0%
AAON	B	0.01%	0.14%	0.01%
ABM	D	0.0%	0.06%	0.0%
ACA	C	0.01%	0.09%	0.01%
ACM	A	0.01%	0.26%	0.01%
ADP	A	0.08%	2.08%	0.08%
AGCO	D	0.0%	0.12%	0.0%
AIN	F	0.0%	0.05%	0.0%
AIR	D	0.0%	0.04%	0.0%
AIT	B	0.02%	0.16%	0.02%
AL	D	0.01%	0.09%	0.01%
ALG	F	0.0%	0.03%	0.0%
ALGT	D	0.0%	0.0%	0.0%
ALK	C	0.0%	0.03%	0.0%
ALLE	A	0.01%	0.23%	0.01%
AME	D	0.03%	0.74%	0.03%
AMWD	C	0.0%	0.03%	0.0%
AOS	B	0.02%	0.2%	0.02%
APOG	C	0.01%	0.03%	0.01%
ARCB	F	0.0%	0.05%	0.0%
ASTE	F	0.0%	0.01%	0.0%
AVAV	B	0.02%	0.1%	0.02%
AWI	A	0.02%	0.11%	0.02%
AXON	A	0.09%	0.53%	0.09%
AYI	A	0.03%	0.15%	0.03%
AZZ	C	0.01%	0.04%	0.01%
B	B	0.0%	0.04%	0.0%
BA	F	0.01%	1.7%	0.01%
BCC	C	0.01%	0.1%	0.01%
BCO	C	0.01%	0.1%	0.01%
BLDR	B	0.01%	0.44%	0.01%
BR	B	0.05%	0.47%	0.05%
BRC	C	0.01%	0.06%	0.01%
BWXT	A	0.03%	0.19%	0.03%
CACI	A	0.02%	0.21%	0.02%
CAR	F	0.0%	0.03%	0.0%
CARR	B	0.07%	1.22%	0.07%
CAT	A	0.38%	3.56%	0.38%
CHRW	C	0.0%	0.24%	0.0%
CLH	C	0.03%	0.23%	0.03%
CMI	A	0.06%	0.83%	0.06%
CNM	F	0.02%	0.16%	0.02%
CNXC	F	0.0%	0.04%	0.0%
CPRT	C	0.09%	0.84%	0.09%
CR	C	0.02%	0.14%	0.02%
CSGS	C	0.0%	0.03%	0.0%
CSL	A	0.07%	0.39%	0.07%
CSX	D	0.06%	1.26%	0.06%
CTAS	C	0.21%	1.38%	0.21%
CW	A	0.04%	0.23%	0.04%
CXW	F	0.01%	0.03%	0.01%
DAL	C	0.03%	0.16%	0.03%
DAY	B	0.0%	0.18%	0.0%
DCI	C	0.01%	0.17%	0.01%
DE	B	0.03%	2.04%	0.03%
DLX	F	0.0%	0.02%	0.0%
DNOW	F	0.0%	0.03%	0.0%
DOV	B	0.05%	0.49%	0.05%
DY	C	0.02%	0.1%	0.02%
EFX	C	0.07%	0.67%	0.07%
EME	C	0.07%	0.37%	0.07%
EMR	B	0.13%	1.16%	0.13%
ENS	D	0.0%	0.08%	0.0%
EPAC	C	0.0%	0.04%	0.0%
ESAB	C	0.02%	0.11%	0.02%
ESE	C	0.0%	0.06%	0.0%
ETN	C	0.42%	2.45%	0.42%
EXLS	A	0.01%	0.11%	0.01%
EXPD	D	0.01%	0.34%	0.01%
EXPO	A	0.0%	0.11%	0.0%
FAST	C	0.06%	0.76%	0.06%
FCN	C	0.02%	0.15%	0.02%
FDX	F	0.1%	1.16%	0.1%
FELE	C	0.0%	0.08%	0.0%
FIX	B	0.05%	0.26%	0.05%
FLR	C	0.02%	0.15%	0.02%
FLS	B	0.02%	0.13%	0.02%
FSS	D	0.02%	0.11%	0.02%
FTV	C	0.01%	0.52%	0.01%
FWRD	C	0.0%	0.01%	0.0%
GATX	F	0.01%	0.08%	0.01%
GBX	C	0.0%	0.03%	0.0%
GD	C	0.19%	1.3%	0.19%
GE	C	0.67%	3.78%	0.67%
GEO	C	0.01%	0.03%	0.01%
GEV	A	0.15%	1.28%	0.15%
GFF	C	0.01%	0.05%	0.01%
GGG	C	0.01%	0.28%	0.01%
GMS	C	0.0%	0.07%	0.0%
GNRC	B	0.0%	0.18%	0.0%
GTLS	F	0.0%	0.1%	0.0%
GVA	B	0.01%	0.07%	0.01%
GWW	B	0.09%	0.85%	0.09%
GXO	D	0.0%	0.12%	0.0%
HAYW	C	0.0%	0.04%	0.0%
HCSG	F	0.0%	0.02%	0.0%
HI	F	0.0%	0.04%	0.0%
HII	F	0.01%	0.19%	0.01%
HNI	C	0.01%	0.05%	0.01%
HON	C	0.22%	2.52%	0.22%
HSII	D	0.0%	0.01%	0.0%
HTLD	F	0.0%	0.01%	0.0%
HUBB	B	0.04%	0.43%	0.04%
HUBG	D	0.0%	0.05%	0.0%
HWM	A	0.13%	0.72%	0.13%
HXL	F	0.0%	0.1%	0.0%
IEX	D	0.0%	0.3%	0.0%
IIIN	F	0.0%	0.01%	0.0%
IR	B	0.12%	0.74%	0.12%
ITT	C	0.03%	0.23%	0.03%
ITW	B	0.03%	1.47%	0.03%
J	F	0.03%	0.36%	0.03%
JBHT	D	0.0%	0.27%	0.0%
JBLU	B	0.0%	0.01%	0.0%
JBT	B	0.0%	0.06%	0.0%
JCI	C	0.03%	0.97%	0.03%
KAR	F	0.0%	0.03%	0.0%
KBR	B	0.01%	0.16%	0.01%
KELYA	D	0.0%	0.01%	0.0%
KEX	C	0.02%	0.03%	0.02%
KFY	C	0.01%	0.07%	0.01%
KMT	D	0.0%	0.04%	0.0%
KNX	D	0.0%	0.16%	0.0%
LDOS	A	0.07%	0.38%	0.07%
LECO	F	0.01%	0.2%	0.01%
LHX	A	0.09%	0.83%	0.09%
LII	C	0.06%	0.36%	0.06%
LMT	A	0.13%	2.34%	0.13%
LNN	C	0.0%	0.02%	0.0%
LQDT	D	0.0%	0.01%	0.0%
LSTR	F	0.0%	0.12%	0.0%
LUV	B	0.01%	0.08%	0.01%
MAN	D	0.0%	0.07%	0.0%
MAS	A	0.03%	0.34%	0.03%
MATW	F	0.0%	0.01%	0.0%
MATX	C	0.01%	0.02%	0.01%
MDU	C	0.01%	0.1%	0.01%
MIDD	D	0.0%	0.14%	0.0%
MLI	C	0.02%	0.14%	0.02%
MLKN	F	0.01%	0.03%	0.01%
MMM	C	0.14%	1.41%	0.14%
MMS	C	0.0%	0.1%	0.0%
MOG.A	C	0.02%	0.11%	0.02%
MRCY	B	0.0%	0.04%	0.0%
MRTN	F	0.0%	0.02%	0.0%
MSA	F	0.01%	0.12%	0.01%
MSM	D	0.0%	0.07%	0.0%
MTZ	A	0.0%	0.15%	0.0%
MYRG	F	0.0%	0.03%	0.0%
NDSN	C	0.01%	0.26%	0.01%
NOC	B	0.05%	1.38%	0.05%
NPO	C	0.0%	0.06%	0.0%
NSC	D	0.03%	1.04%	0.03%
NSP	F	0.0%	0.06%	0.0%
NVEE	F	0.0%	0.02%	0.0%
NVRI	D	0.0%	0.02%	0.0%
NVT	D	0.04%	0.22%	0.04%
NX	F	0.0%	0.02%	0.0%
OC	C	0.03%	0.28%	0.03%
ODFL	F	0.01%	0.72%	0.01%
OSK	F	0.01%	0.12%	0.01%
OTIS	A	0.04%	0.79%	0.04%
PAYC	D	0.0%	0.16%	0.0%
PAYX	A	0.03%	0.8%	0.03%
PBI	C	0.0%	0.01%	0.0%
PCAR	C	0.1%	0.96%	0.1%
PCTY	B	0.0%	0.14%	0.0%
PH	B	0.17%	1.52%	0.17%
PNR	B	0.02%	0.3%	0.02%
POWL	B	0.01%	0.04%	0.01%
PRLB	F	0.0%	0.01%	0.0%
PWR	B	0.09%	0.81%	0.09%
R	C	0.01%	0.12%	0.01%
RBC	C	0.02%	0.15%	0.02%
REZI	D	0.0%	0.05%	0.0%
RHI	D	0.0%	0.13%	0.0%
ROCK	D	0.0%	0.04%	0.0%
ROK	C	0.01%	0.57%	0.01%
ROL	C	0.03%	0.27%	0.03%
RRX	C	0.0%	0.21%	0.0%
RSG	C	0.09%	0.82%	0.09%
RTX	A	0.29%	2.98%	0.29%
RUN	D	0.0%	0.08%	0.0%
RUSHA	D	0.0%	0.06%	0.0%
RXO	D	0.0%	0.05%	0.0%
SAIA	D	0.02%	0.22%	0.02%
SAIC	A	0.0%	0.13%	0.0%
SKYW	C	0.01%	0.02%	0.01%
SNA	A	0.01%	0.28%	0.01%
SRCL	A	0.02%	0.11%	0.02%
SRCL	A	0.02%	0.01%	0.01%
SSD	B	0.01%	0.15%	0.01%
ST	F	0.0%	0.1%	0.0%
SWK	C	0.0%	0.31%	0.0%
SXI	C	0.0%	0.04%	0.0%
TDG	B	0.25%	1.46%	0.25%
TEX	F	0.0%	0.07%	0.0%
TGI	F	0.0%	0.02%	0.0%
TILE	D	0.0%	0.02%	0.0%
TKR	D	0.0%	0.11%	0.0%
TNC	F	0.0%	0.03%	0.0%
TREX	D	0.01%	0.14%	0.01%
TRN	C	0.0%	0.05%	0.0%
TT	A	0.29%	1.62%	0.29%
TTC	D	0.0%	0.17%	0.0%
TTEK	A	0.03%	0.23%	0.03%
TWI	F	0.0%	0.01%	0.0%
TXT	F	0.02%	0.31%	0.02%
UBER	C	0.51%	2.65%	0.51%
UFPI	C	0.01%	0.15%	0.01%
UNF	A	0.0%	0.05%	0.0%
UNP	D	0.1%	2.78%	0.1%
UPS	D	0.01%	1.82%	0.01%
URI	C	0.16%	1.01%	0.16%
VICR	B	0.0%	0.02%	0.0%
VLTO	A	0.05%	0.51%	0.05%
VMI	B	0.0%	0.11%	0.0%
VRRM	D	0.01%	0.08%	0.01%
VRSK	C	0.07%	0.7%	0.07%
VSTS	D	0.0%	0.03%	0.0%
VVI	B	0.0%	0.01%	0.0%
WAB	B	0.08%	0.6%	0.08%
WCC	D	0.0%	0.15%	0.0%
WERN	D	0.0%	0.04%	0.0%
WM	B	0.18%	1.54%	0.18%
WMS	D	0.03%	0.21%	0.03%
WNC	F	0.0%	0.02%	0.0%
WSO	C	0.04%	0.32%	0.04%
WTS	C	0.0%	0.11%	0.0%
WWD	C	0.03%	0.19%	0.03%
XPO	F	0.04%	0.24%	0.04%
XYL	C	0.07%	0.61%	0.07%

MMTM Overweight 1176 Positions Relative to FIDU

Symbol	Grade	Weight
NVDA	B	11.43%
MSFT	D	8.32%
AMZN	C	5.32%
AAPL	C	4.32%
META	A	4.17%
AVGO	C	2.95%
GOOGL	B	2.66%
LLY	D	2.55%
GOOG	B	2.19%
BRK.A	C	1.36%
JPM	D	1.32%
COST	C	1.27%
NFLX	B	0.97%
AMD	B	0.81%
WMT	A	0.77%
XOM	A	0.72%
V	C	0.65%
ABBV	B	0.62%
QCOM	C	0.61%
BAC	D	0.59%
AMAT	B	0.58%
MA	A	0.58%
ORCL	C	0.54%
MRK	F	0.52%
PGR	C	0.5%
AMGN	D	0.48%
ISRG	C	0.48%
NOW	C	0.47%
UNH	B	0.46%
WFC	F	0.46%
T	A	0.46%
CRM	B	0.44%
PG	D	0.43%
MU	D	0.43%
IBM	A	0.42%
VZ	B	0.42%
AXP	B	0.42%
BSX	A	0.39%
INTU	F	0.39%
LIN	B	0.38%
KLAC	B	0.36%
GS	D	0.35%
LRCX	D	0.35%
ANET	A	0.35%
C	C	0.35%
HD	A	0.34%
BKNG	C	0.34%
REGN	D	0.33%
KKR	C	0.3%
PANW	D	0.29%
CEG	A	0.29%
VRTX	D	0.29%
TJX	D	0.29%
KO	C	0.29%
TXN	C	0.28%
CMG	C	0.27%
SPGI	B	0.27%
DHR	D	0.26%
SYK	C	0.25%
DIS	D	0.25%
APH	D	0.25%
CRWD	D	0.23%
CB	B	0.22%
TMUS	A	0.22%
ELV	F	0.22%
MSI	A	0.21%
ADI	C	0.21%
ADBE	F	0.2%
MCK	F	0.2%
PM	D	0.2%
BX	C	0.2%
FI	A	0.19%
CL	D	0.19%
SNPS	F	0.19%
CDNS	D	0.18%
MMC	D	0.18%
ICE	A	0.17%
HLT	B	0.17%
SCHW	D	0.16%
ECL	B	0.16%
CI	D	0.16%
ALL	C	0.16%
TMO	D	0.16%
FICO	A	0.16%
WELL	C	0.16%
CVX	B	0.16%
MS	B	0.16%
BLK	A	0.16%
MPWR	B	0.15%
VST	B	0.15%
ACN	B	0.15%
MCO	D	0.14%
BK	C	0.14%
HCA	C	0.14%
RCL	C	0.14%
SO	A	0.14%
NXPI	F	0.13%
MO	D	0.13%
DUK	B	0.13%
MPC	C	0.13%
PNC	C	0.13%
NEE	A	0.12%
MAR	B	0.12%
PSX	D	0.12%
WMB	A	0.12%
AJG	D	0.12%
TRGP	A	0.11%
ADSK	C	0.11%
FCX	B	0.11%
IRM	A	0.11%
TFC	D	0.11%
ORLY	A	0.11%
AFL	A	0.11%
SHW	C	0.11%
JNJ	D	0.11%
PEP	F	0.11%
SPG	A	0.11%
ROST	D	0.11%
AIG	F	0.1%
ROP	C	0.1%
TRV	C	0.1%
DLR	C	0.1%
FIS	B	0.1%
AZO	D	0.1%
HIG	B	0.1%
OKE	A	0.1%
CSCO	A	0.1%
COF	C	0.1%
GM	D	0.1%
TGT	D	0.1%
PRU	C	0.09%
NTAP	D	0.09%
PEG	A	0.09%
VLO	D	0.09%
GRMN	D	0.09%
FANG	C	0.09%
ACGL	B	0.09%
AMP	A	0.09%
AMT	C	0.09%
ABT	C	0.09%
KMI	A	0.08%
SW	C	0.08%
WDC	C	0.08%
STX	B	0.08%
MET	B	0.08%
DHI	C	0.08%
COP	D	0.08%
IT	B	0.08%
DECK	B	0.08%
LEN	B	0.08%
EW	F	0.07%
FITB	C	0.07%
AEP	C	0.07%
NRG	A	0.07%
MLM	F	0.07%
TSLA	C	0.07%
CME	A	0.07%
KMB	D	0.07%
WSM	B	0.07%
GDDY	D	0.07%
DFS	C	0.07%
PHM	A	0.07%
SMCI	F	0.07%
LOW	A	0.07%
MDT	C	0.06%
PLD	D	0.06%
CDW	D	0.06%
SYF	B	0.06%
PSA	C	0.06%
WTW	C	0.06%
NDAQ	B	0.06%
EXR	C	0.06%
USB	D	0.06%
TSCO	B	0.06%
EBAY	A	0.06%
MCD	A	0.06%
GLW	C	0.06%
ERIE	B	0.05%
SRE	B	0.05%
MTB	C	0.05%
A	B	0.05%
RGA	C	0.05%
BURL	D	0.05%
MTD	B	0.05%
CMCSA	C	0.05%
EOG	B	0.05%
TOL	A	0.05%
TEL	D	0.05%
IFF	C	0.05%
TYL	B	0.05%
GILD	A	0.05%
NVR	B	0.05%
TER	C	0.05%
HPQ	B	0.05%
PSTG	F	0.05%
HPE	B	0.05%
TPL	A	0.05%
AVB	C	0.05%
BRO	A	0.05%
VMC	D	0.05%
THC	D	0.05%
BLD	D	0.04%
DPZ	D	0.04%
AON	B	0.04%
SFM	A	0.04%
ONTO	C	0.04%
STLD	B	0.04%
RJF	B	0.04%
SRPT	F	0.04%
FNF	B	0.04%
WRB	C	0.04%
UTHR	C	0.04%
ABNB	D	0.04%
MANH	C	0.04%
PKG	B	0.04%
CBRE	B	0.04%
TXRH	C	0.04%
EQIX	C	0.04%
DKS	D	0.04%
IBKR	A	0.04%
EQH	C	0.04%
ZTS	C	0.04%
NEM	C	0.04%
CBOE	B	0.04%
PTC	D	0.04%
CASY	D	0.04%
WING	C	0.04%
COHR	A	0.04%
X	F	0.03%
MEDP	F	0.03%
DOW	B	0.03%
RNR	A	0.03%
JLL	C	0.03%
L	D	0.03%
LNW	F	0.03%
O	A	0.03%
YUM	B	0.03%
BJ	C	0.03%
KDP	C	0.03%
GEHC	C	0.03%
ANF	F	0.03%
CNC	F	0.03%
DUOL	B	0.03%
HRB	C	0.03%
BRBR	A	0.03%
RBA	D	0.03%
NBIX	F	0.03%
CRS	C	0.03%
F	D	0.03%
PCG	C	0.03%
MDLZ	D	0.03%
EIX	B	0.03%
USFD	C	0.03%
OXY	D	0.03%
OLED	C	0.03%
JEF	A	0.03%
CHD	D	0.03%
MCHP	F	0.03%
INTC	D	0.03%
MUSA	D	0.03%
EA	D	0.03%
IP	C	0.03%
NWSA	D	0.03%
FN	B	0.03%
KEY	C	0.03%
EQR	C	0.03%
KR	C	0.03%
EVR	C	0.03%
DD	C	0.03%
VTR	C	0.03%
AVY	D	0.03%
JNPR	B	0.03%
CINF	B	0.03%
CTSH	B	0.03%
CFG	D	0.03%
CAH	B	0.03%
FSLR	C	0.03%
HBAN	D	0.03%
UHS	D	0.03%
ETR	A	0.03%
ESS	D	0.03%
KHC	F	0.02%
SLG	C	0.02%
NSIT	B	0.02%
FHN	D	0.02%
OLLI	C	0.02%
PFE	D	0.02%
STE	D	0.02%
CNP	B	0.02%
PFG	C	0.02%
NI	A	0.02%
MTG	B	0.02%
CHDN	D	0.02%
EXPE	B	0.02%
FFIV	B	0.02%
LYV	B	0.02%
ORI	B	0.02%
TROW	D	0.02%
VICI	C	0.02%
ATI	C	0.02%
GAP	F	0.02%
RDNT	C	0.02%
CG	B	0.02%
KNF	C	0.02%
SLB	D	0.02%
IBP	C	0.02%
INVH	F	0.02%
NUE	C	0.02%
OHI	C	0.02%
COOP	B	0.02%
DTE	A	0.02%
KD	D	0.02%
ACIW	B	0.02%
CE	C	0.02%
ENSG	D	0.02%
RYAN	A	0.02%
PFGC	A	0.02%
TSN	D	0.02%
EXP	B	0.02%
BALL	C	0.02%
WAT	B	0.02%
MORN	C	0.02%
RF	C	0.02%
NYT	C	0.02%
SNX	D	0.02%
ATR	A	0.02%
EG	B	0.02%
ARMK	B	0.02%
SKX	D	0.02%
SYY	D	0.02%
APD	C	0.02%
DVA	C	0.02%
CTVA	A	0.02%
WFRD	F	0.02%
MTSI	C	0.02%
FE	C	0.02%
STZ	D	0.02%
CTLT	A	0.02%
BBY	C	0.02%
SF	A	0.02%
CYTK	D	0.02%
EWBC	D	0.02%
IQV	F	0.02%
TTWO	F	0.02%
PPL	B	0.02%
ELF	F	0.02%
CVLT	C	0.02%
AIZ	B	0.02%
BDX	C	0.02%
MRO	C	0.02%
EHC	B	0.02%
LYB	F	0.02%
GKOS	C	0.02%
CRUS	D	0.02%
RL	B	0.02%
OMC	C	0.02%
DTM	A	0.02%
HLI	B	0.02%
CPAY	A	0.02%
ALLY	F	0.02%
STT	C	0.02%
NTRS	C	0.02%
D	A	0.02%
CROX	C	0.02%
JXN	A	0.02%
BKR	B	0.02%
LAMR	C	0.02%
EMN	C	0.02%
FYBR	C	0.02%
CCI	C	0.02%
ED	A	0.02%
HES	C	0.02%
PR	D	0.02%
COKE	C	0.02%
KRG	C	0.01%
GHC	C	0.01%
ONB	D	0.01%
PPC	D	0.01%
VIRT	B	0.01%
WU	D	0.01%
LNTH	C	0.01%
PRK	D	0.01%
SFBS	D	0.01%
PNW	B	0.01%
VECO	F	0.01%
AVNT	C	0.01%
VOYA	A	0.01%
WD	C	0.01%
CNK	D	0.01%
UAL	B	0.01%
STC	C	0.01%
UFPT	D	0.01%
ULTA	D	0.01%
UCTT	D	0.01%
PLUS	C	0.01%
DINO	D	0.01%
NHC	D	0.01%
CRVL	C	0.01%
SANM	D	0.01%
SEIC	B	0.01%
PLMR	B	0.01%
MCY	B	0.01%
GPC	D	0.01%
HIW	C	0.01%
HOLX	D	0.01%
FRT	D	0.01%
CHK	D	0.01%
OGE	A	0.01%
EGP	D	0.01%
STAG	D	0.01%
AVT	C	0.01%
LMAT	B	0.01%
WLK	C	0.01%
GNTX	D	0.01%
SPSC	F	0.01%
LBRT	D	0.01%
CLX	C	0.01%
PK	D	0.01%
ASB	F	0.01%
PHIN	D	0.01%
CFR	D	0.01%
HWC	D	0.01%
SWX	C	0.01%
BMRN	F	0.01%
WST	D	0.01%
SKT	A	0.01%
NNN	A	0.01%
PATK	B	0.01%
RGLD	C	0.01%
SWN	D	0.01%
PJT	C	0.01%
NMIH	C	0.01%
SEM	D	0.01%
RLI	A	0.01%
MMSI	C	0.01%
NEU	F	0.01%
ARCH	C	0.01%
K	A	0.01%
AEE	A	0.01%
MTDR	F	0.01%
WY	C	0.01%
CRL	F	0.01%
CMA	C	0.01%
EPRT	C	0.01%
HAL	D	0.01%
CVS	C	0.01%
ASGN	D	0.01%
CVCO	C	0.01%
CNO	C	0.01%
BRX	C	0.01%
TNL	C	0.01%
GPN	F	0.01%
TDS	B	0.01%
FNB	D	0.01%
NSA	C	0.01%
AGYS	D	0.01%
ABCB	C	0.01%
SHAK	C	0.01%
AKAM	D	0.01%
CF	A	0.01%
BBWI	F	0.01%
IRT	D	0.01%
IBOC	D	0.01%
TPH	C	0.01%
FULT	D	0.01%
TKO	A	0.01%
INGR	B	0.01%
SWKS	F	0.01%
RRC	B	0.01%
MGY	B	0.01%
LOPE	D	0.01%
UDR	C	0.01%
PNFP	D	0.01%
MARA	F	0.01%
BXP	C	0.01%
SBAC	C	0.01%
CHE	C	0.01%
AMG	B	0.01%
KEYS	C	0.01%
OVV	D	0.01%
EQT	B	0.01%
KMPR	D	0.01%
FDS	C	0.01%
IDCC	A	0.01%
AWK	C	0.01%
LNT	A	0.01%
BIIB	F	0.01%
SIG	C	0.01%
M	F	0.01%
KNSL	C	0.01%
CALM	A	0.01%
UMBF	C	0.01%
FBP	D	0.01%
CPB	D	0.01%
CELH	F	0.01%
CNX	A	0.01%
JKHY	A	0.01%
CTRE	B	0.01%
GME	D	0.01%
MAC	C	0.01%
QRVO	F	0.01%
CSGP	F	0.01%
GBCI	C	0.01%
CEIX	B	0.01%
POST	D	0.01%
GPI	C	0.01%
PLNT	B	0.01%
NWS	D	0.01%
REG	C	0.01%
BG	F	0.01%
MHO	C	0.01%
PPG	D	0.01%
TPR	C	0.01%
BCPC	D	0.01%
AFG	B	0.01%
AXTA	C	0.01%
SBRA	C	0.01%
HWKN	C	0.01%
DRI	C	0.01%
SM	C	0.01%
LPX	C	0.01%
PYPL	C	0.01%
JHG	B	0.01%
HCC	C	0.01%
MC	C	0.01%
STEP	A	0.01%
MHK	B	0.01%
TPX	C	0.01%
ITGR	C	0.01%
AMKR	F	0.01%
BMI	A	0.01%
RMD	C	0.01%
XEL	B	0.01%
JBL	C	0.01%
ALV	F	0.01%
BMY	B	0.01%
ATGE	D	0.01%
CIEN	A	0.01%
UNM	A	0.01%
AROC	B	0.01%
CADE	D	0.01%
MNST	D	0.01%
AMH	D	0.01%
VVV	F	0.01%
AM	A	0.01%
TDW	F	0.01%
RDN	D	0.01%
AMR	F	0.01%
KTB	C	0.01%
CMS	A	0.01%
HUM	F	0.01%
ITRI	C	0.01%
AMCR	C	0.01%
HST	D	0.01%
AGO	B	0.01%
RS	D	0.01%
LRN	C	0.01%
NKE	D	0.01%
CPT	C	0.01%
PVH	F	0.01%
BOOT	C	0.01%
LNC	D	0.01%
SBUX	C	0.01%
CTRA	D	0.01%
CBSH	D	0.01%
AEO	C	0.01%
VNO	A	0.01%
SLM	C	0.01%
VNT	F	0.01%
TMHC	C	0.01%
ALTR	C	0.01%
EXC	A	0.01%
VTRS	D	0.01%
MTH	C	0.01%
GLPI	A	0.01%
GIS	C	0.01%
WTFC	C	0.01%
EAT	A	0.01%
FORM	F	0.01%
PIPR	B	0.01%
ESNT	C	0.01%
ZION	D	0.01%
EXEL	B	0.01%
IDXX	D	0.01%
MAA	D	0.01%
DVN	F	0.01%
CCL	C	0.01%
ARE	D	0.01%
TRMB	B	0.01%
DXCM	F	0.01%
MSCI	B	0.01%
GMED	D	0.01%
SNV	D	0.01%
BGC	B	0.01%
MKSI	F	0.01%
ZBRA	C	0.01%
HALO	C	0.01%
KRYS	D	0.01%
IIPR	C	0.01%
SCI	D	0.01%
MOH	D	0.01%
CBT	C	0.01%
AA	B	0.01%
ANSS	D	0.01%
KIM	C	0.01%
HQY	C	0.01%
RPM	B	0.01%
AR	B	0.01%
ATO	A	0.01%
GPK	D	0.01%
TDY	A	0.01%
CHRD	F	0.01%
MRNA	F	0.01%
WEC	A	0.01%
APPF	C	0.01%
H	C	0.01%
PRI	A	0.01%
DGX	C	0.01%
KBH	C	0.01%
CUBE	C	0.01%
BFS	B	0.0%
FLGT	F	0.0%
RGNX	F	0.0%
PAHC	C	0.0%
RES	B	0.0%
CCRN	F	0.0%
PCRX	D	0.0%
SLP	F	0.0%
TR	D	0.0%
HFWA	D	0.0%
VIR	F	0.0%
HZO	D	0.0%
GDOT	D	0.0%
PUMP	D	0.0%
CHUY	B	0.0%
AOSL	D	0.0%
BSIG	D	0.0%
RCUS	F	0.0%
MMI	D	0.0%
AHCO	D	0.0%
XPEL	D	0.0%
EYE	F	0.0%
SPTN	C	0.0%
CLB	C	0.0%
CBRL	D	0.0%
VSAT	F	0.0%
BJRI	C	0.0%
SBSI	D	0.0%
TALO	F	0.0%
PARR	F	0.0%
DGII	B	0.0%
WOLF	F	0.0%
QNST	C	0.0%
AVNS	D	0.0%
HELE	D	0.0%
HRMY	D	0.0%
DEA	D	0.0%
IART	F	0.0%
OMI	F	0.0%
PFS	D	0.0%
SEDG	F	0.0%
GOGO	F	0.0%
AAT	C	0.0%
BHLB	D	0.0%
CLW	F	0.0%
CSR	D	0.0%
UNIT	B	0.0%
HOPE	D	0.0%
PGNY	F	0.0%
MP	B	0.0%
DVAX	D	0.0%
BLMN	F	0.0%
MYE	F	0.0%
SABR	C	0.0%
DAN	D	0.0%
PEB	D	0.0%
FOXF	F	0.0%
FBNC	D	0.0%
ALGM	F	0.0%
STAA	F	0.0%
NWBI	D	0.0%
CHEF	D	0.0%
WGO	D	0.0%
HLIT	D	0.0%
UAA	B	0.0%
CEVA	B	0.0%
BANR	C	0.0%
NBR	D	0.0%
RCM	B	0.0%
LEG	D	0.0%
RNST	D	0.0%
AMPH	C	0.0%
FTRE	F	0.0%
NEO	F	0.0%
SBCF	D	0.0%
FL	F	0.0%
EXTR	C	0.0%
ROG	F	0.0%
ARWR	F	0.0%
BLFS	D	0.0%
CNMD	D	0.0%
ASTH	A	0.0%
GDEN	D	0.0%
LGIH	C	0.0%
ADNT	D	0.0%
YELP	F	0.0%
VSH	F	0.0%
VTOL	D	0.0%
PPBI	D	0.0%
PTEN	F	0.0%
GT	F	0.0%
DV	F	0.0%
EMBC	F	0.0%
TNDM	D	0.0%
JACK	F	0.0%
DEI	A	0.0%
MNRO	C	0.0%
VC	F	0.0%
HAFC	D	0.0%
BRKL	D	0.0%
USNA	F	0.0%
VAC	D	0.0%
SXC	F	0.0%
HAIN	B	0.0%
CFFN	F	0.0%
ENV	B	0.0%
PENN	D	0.0%
COLM	D	0.0%
PLAY	D	0.0%
DORM	D	0.0%
UCBI	B	0.0%
CABO	F	0.0%
NWL	F	0.0%
IRWD	F	0.0%
SLAB	D	0.0%
LCII	C	0.0%
SCHL	F	0.0%
XNCR	D	0.0%
ETD	C	0.0%
POWI	F	0.0%
UA	B	0.0%
ORA	C	0.0%
WABC	F	0.0%
MD	B	0.0%
PCH	C	0.0%
RC	F	0.0%
PII	D	0.0%
AXL	F	0.0%
DXC	B	0.0%
NWN	D	0.0%
NGVT	D	0.0%
BYD	C	0.0%
FLO	D	0.0%
LTC	D	0.0%
CNSL	A	0.0%
SDGR	F	0.0%
PZZA	D	0.0%
SEE	D	0.0%
SJW	F	0.0%
LITE	A	0.0%
ECPG	F	0.0%
BANF	D	0.0%
DCOM	C	0.0%
MODG	F	0.0%
SCL	D	0.0%
FIZZ	F	0.0%
MATV	F	0.0%
EPC	F	0.0%
AMSF	B	0.0%
KOP	F	0.0%
ENR	B	0.0%
XRAY	D	0.0%
HPP	F	0.0%
DAR	F	0.0%
DRH	D	0.0%
WHR	C	0.0%
JOE	D	0.0%
THO	C	0.0%
ENOV	F	0.0%
GES	F	0.0%
JAZZ	F	0.0%
G	A	0.0%
LEA	F	0.0%
MASI	B	0.0%
AHH	F	0.0%
OGN	F	0.0%
USPH	F	0.0%
MXL	D	0.0%
PRG	C	0.0%
RH	C	0.0%
BEN	F	0.0%
NARI	F	0.0%
OI	D	0.0%
ROIC	C	0.0%
HMN	C	0.0%
GSHD	B	0.0%
MAT	D	0.0%
CGNX	F	0.0%
KSS	D	0.0%
HCI	B	0.0%
EVTC	C	0.0%
WBA	F	0.0%
LUMN	C	0.0%
LKFN	F	0.0%
CPRX	C	0.0%
JBGS	C	0.0%
UGI	C	0.0%
VFC	B	0.0%
MCRI	C	0.0%
HGV	F	0.0%
OMCL	C	0.0%
KLIC	C	0.0%
KALU	D	0.0%
SHO	D	0.0%
LSCC	D	0.0%
GEF	D	0.0%
SCSC	D	0.0%
SAFT	D	0.0%
VRTS	F	0.0%
PRFT	A	0.0%
BL	C	0.0%
LESL	F	0.0%
FMC	C	0.0%
TRIP	F	0.0%
PLAB	C	0.0%
UFCS	D	0.0%
VSCO	C	0.0%
UTL	D	0.0%
RGEN	F	0.0%
CWT	D	0.0%
AMN	F	0.0%
GO	F	0.0%
PRAA	F	0.0%
BHF	F	0.0%
KLG	D	0.0%
LAD	C	0.0%
PEN	D	0.0%
VIAV	B	0.0%
JBSS	F	0.0%
HP	D	0.0%
GL	C	0.0%
CZR	B	0.0%
HSIC	D	0.0%
COHU	F	0.0%
ASIX	A	0.0%
HRL	F	0.0%
FCF	D	0.0%
CTS	D	0.0%
MKTX	B	0.0%
IPAR	F	0.0%
JJSF	C	0.0%
CERT	F	0.0%
ICUI	C	0.0%
TAP	D	0.0%
PDFS	F	0.0%
CC	D	0.0%
SVC	F	0.0%
TMP	C	0.0%
CPK	C	0.0%
XRX	D	0.0%
BANC	D	0.0%
NVST	D	0.0%
MOS	F	0.0%
ALB	D	0.0%
FDP	C	0.0%
SOLV	C	0.0%
VGR	B	0.0%
EXPI	C	0.0%
BXMT	C	0.0%
EFC	D	0.0%
EPAM	F	0.0%
GNL	D	0.0%
MTRN	F	0.0%
TFX	C	0.0%
CCK	C	0.0%
INCY	B	0.0%
EGBN	B	0.0%
AEIS	D	0.0%
WTRG	D	0.0%
COLL	B	0.0%
MSEX	D	0.0%
PRGO	F	0.0%
CVBF	B	0.0%
GTY	C	0.0%
NABL	F	0.0%
ACLS	F	0.0%
GPRE	F	0.0%
OPCH	F	0.0%
TGNA	C	0.0%
MYGN	D	0.0%
CAKE	B	0.0%
SJM	D	0.0%
APA	F	0.0%
BDN	A	0.0%
MPW	C	0.0%
PNM	B	0.0%
SHC	C	0.0%
VLY	C	0.0%
ATEN	B	0.0%
TRST	D	0.0%
SMP	D	0.0%
SAM	C	0.0%
RGR	F	0.0%
RWT	C	0.0%
TRUP	D	0.0%
THS	D	0.0%
PDCO	F	0.0%
SUPN	D	0.0%
YETI	C	0.0%
SFNC	C	0.0%
CALX	D	0.0%
CPRI	B	0.0%
POOL	B	0.0%
TECH	D	0.0%
ALKS	B	0.0%
WWW	A	0.0%
SHEN	F	0.0%
MTN	D	0.0%
INN	B	0.0%
PRGS	B	0.0%
BOX	C	0.0%
AAP	F	0.0%
HOG	D	0.0%
DLTR	F	0.0%
UHT	C	0.0%
AWR	B	0.0%
TTGT	F	0.0%
IPGP	D	0.0%
SYNA	F	0.0%
ENPH	F	0.0%
FHI	C	0.0%
ABR	C	0.0%
NAVI	F	0.0%
ANDE	D	0.0%
ODP	F	0.0%
FIVE	D	0.0%
MOV	F	0.0%
CAL	F	0.0%
AVA	D	0.0%
PODD	C	0.0%
PRA	B	0.0%
JWN	D	0.0%
AES	C	0.0%
MTCH	B	0.0%
WEN	D	0.0%
RYN	C	0.0%
LXP	D	0.0%
ICHR	D	0.0%
TDC	D	0.0%
BGS	D	0.0%
TTMI	D	0.0%
MGPI	F	0.0%
CHH	C	0.0%
SSTK	F	0.0%
FOX	A	0.0%
DIOD	F	0.0%
CARS	F	0.0%
ALGN	D	0.0%
KN	D	0.0%
CAG	D	0.0%
SITM	B	0.0%
HBI	C	0.0%
LGND	D	0.0%
WDFC	D	0.0%
DG	F	0.0%
VAL	F	0.0%
TCBI	C	0.0%
COLB	C	0.0%
NEOG	F	0.0%
WAFD	D	0.0%
MTUS	F	0.0%
VRSN	B	0.0%
SMPL	D	0.0%
INDB	D	0.0%
OLN	C	0.0%
SGH	D	0.0%
BC	D	0.0%
HAE	D	0.0%
SAH	D	0.0%
NTCT	C	0.0%
WOR	F	0.0%
ALEX	D	0.0%
HTH	F	0.0%
CLF	F	0.0%
TRMK	D	0.0%
BIO	B	0.0%
PMT	C	0.0%
DBX	B	0.0%
UNFI	B	0.0%
IBTX	D	0.0%
CBU	D	0.0%
ZD	D	0.0%
TBBK	B	0.0%
FTDR	C	0.0%
LVS	B	0.0%
FCPT	C	0.0%
WBD	D	0.0%
COTY	F	0.0%
LFUS	D	0.0%
LIVN	B	0.0%
CCOI	B	0.0%
BAX	D	0.0%
UVV	D	0.0%
ASO	D	0.0%
PRDO	D	0.0%
FAF	C	0.0%
ILMN	B	0.0%
ARW	C	0.0%
EIG	C	0.0%
PARA	F	0.0%
SR	D	0.0%
BKE	D	0.0%
ARI	F	0.0%
IRDM	B	0.0%
RAMP	F	0.0%
ACHC	F	0.0%
REX	D	0.0%
CUBI	F	0.0%
OZK	D	0.0%
CRI	D	0.0%
NATL	D	0.0%
PAG	D	0.0%
AMED	D	0.0%
SBH	C	0.0%
CHCO	D	0.0%
BOH	D	0.0%
APTV	D	0.0%
OII	C	0.0%
ZBH	F	0.0%
THRM	F	0.0%
PBF	F	0.0%
PECO	C	0.0%
CATY	D	0.0%
RMBS	F	0.0%
ETSY	F	0.0%
FFBC	D	0.0%
LKQ	F	0.0%
BHE	C	0.0%
CENTA	F	0.0%
FFIN	D	0.0%
SNEX	C	0.0%
BKU	D	0.0%
MKC	C	0.0%
CXT	F	0.0%
DT	B	0.0%
LANC	F	0.0%
KWR	F	0.0%
ES	D	0.0%
OXM	F	0.0%
ADC	B	0.0%
ADUS	D	0.0%
NXST	F	0.0%
CUZ	C	0.0%
CNXN	C	0.0%
SMG	B	0.0%
CWK	C	0.0%
HSY	F	0.0%
MGM	C	0.0%
VBTX	C	0.0%
ASH	F	0.0%
DLB	C	0.0%
XHR	C	0.0%
NWE	B	0.0%
BWA	C	0.0%
PSMT	C	0.0%
NCLH	C	0.0%
GRBK	C	0.0%
SON	D	0.0%
GIII	D	0.0%
CPF	C	0.0%
SIGI	D	0.0%
PFBC	D	0.0%
ARLO	F	0.0%
CHX	C	0.0%
WYNN	B	0.0%
STRA	F	0.0%
MSGS	A	0.0%
CRC	B	0.0%
CHTR	D	0.0%
INVA	B	0.0%
EL	D	0.0%
LULU	D	0.0%
NOG	C	0.0%
HAS	B	0.0%
NFG	A	0.0%
BKH	C	0.0%
APLE	D	0.0%
FHB	D	0.0%
REXR	D	0.0%
FBK	D	0.0%
LZB	D	0.0%
SPNT	D	0.0%
KRC	C	0.0%
NOVT	D	0.0%
LW	D	0.0%
NBTB	D	0.0%
NOV	F	0.0%
ON	F	0.0%
CASH	D	0.0%
CIVI	F	0.0%
OGS	C	0.0%
WH	C	0.0%
ABG	F	0.0%
NBHC	D	0.0%
ADM	F	0.0%
BDC	B	0.0%
SLGN	C	0.0%
APAM	C	0.0%
FOXA	A	0.0%
MUR	F	0.0%
EPR	C	0.0%
CENX	C	0.0%
GNW	C	0.0%
PLXS	B	0.0%
AKR	C	0.0%
BRKR	D	0.0%
SXT	C	0.0%
DOC	C	0.0%
SCVL	D	0.0%
IPG	D	0.0%
BLKB	C	0.0%
OFG	D	0.0%
AUB	D	0.0%
ENVA	C	0.0%
NJR	C	0.0%
KMX	F	0.0%
POR	D	0.0%
ANIP	F	0.0%
STBA	D	0.0%
EEFT	F	0.0%
FND	C	0.0%
CCS	C	0.0%
UE	C	0.0%
BERY	C	0.0%
WSFS	D	0.0%
WBS	D	0.0%
OSIS	C	0.0%
IVZ	B	0.0%
AZTA	F	0.0%
HLX	B	0.0%
WS	D	0.0%
IDA	D	0.0%
VSTO	B	0.0%
PBH	D	0.0%
IOSP	F	0.0%
QLYS	F	0.0%
SLVM	C	0.0%
WEX	C	0.0%
STWD	C	0.0%
AN	D	0.0%
ELS	D	0.0%
CARG	C	0.0%
KVUE	C	0.0%
CMC	D	0.0%
EVRG	C	0.0%
HOMB	D	0.0%
UBSI	D	0.0%
VCEL	F	0.0%
SHOO	C	0.0%
THG	C	0.0%
ALE	A	0.0%
ALRM	F	0.0%
HASI	B	0.0%
CORT	B	0.0%
DFIN	D	0.0%
LPG	F	0.0%
PB	D	0.0%
MTX	D	0.0%
OTTR	F	0.0%
FTNT	B	0.0%
FR	D	0.0%
AX	D	0.0%
SSB	C	0.0%
URBN	F	0.0%
SMTC	C	0.0%
FUL	F	0.0%

MMTM Underweight 116 Positions Relative to FIDU

Symbol	Grade	Weight
WCN	D	-0.85%
VRT	B	-0.65%
BAH	A	-0.39%
TRU	A	-0.38%
SSNC	C	-0.31%
HEI	C	-0.28%
HEI	C	-0.21%
CNH	D	-0.19%
ALSN	A	-0.16%
WSC	D	-0.14%
AZEK	C	-0.13%
SITE	D	-0.13%
APG	F	-0.13%
UHAL	B	-0.13%
CSWI	C	-0.11%
ZWS	A	-0.1%
BECN	D	-0.1%
CWST	D	-0.1%
LYFT	D	-0.09%
PSN	A	-0.09%
HRI	C	-0.08%
STRL	C	-0.08%
KTOS	A	-0.07%
GTES	C	-0.07%
SPR	F	-0.07%
KAI	C	-0.07%
ACVA	C	-0.06%
CBZ	F	-0.06%
ROAD	C	-0.06%
ATKR	F	-0.06%
PRIM	C	-0.06%
ICFI	C	-0.06%
TNET	F	-0.06%
DNB	D	-0.06%
MWA	A	-0.06%
MGRC	D	-0.05%
RKLB	B	-0.05%
ALIT	D	-0.05%
HURN	D	-0.04%
CLVT	D	-0.04%
BE	F	-0.04%
CMPR	F	-0.03%
JELD	C	-0.03%
ENVX	D	-0.03%
VSEC	D	-0.03%
FLNC	C	-0.03%
BLBD	D	-0.03%
JBI	F	-0.03%
HEES	C	-0.03%
SNDR	C	-0.03%
HLIO	B	-0.03%
PLUG	F	-0.03%
IESC	A	-0.03%
AMSC	C	-0.02%
BXC	D	-0.02%
CECO	D	-0.02%
DCO	C	-0.02%
MEG	F	-0.02%
SMR	B	-0.02%
DRVN	C	-0.02%
BV	C	-0.02%
BBSI	C	-0.02%
JOBY	B	-0.02%
ERII	C	-0.02%
SHLS	F	-0.02%
FA	A	-0.02%
ARRY	F	-0.02%
THR	F	-0.02%
CDRE	C	-0.02%
CMCO	C	-0.02%
MRC	D	-0.02%
TRNS	D	-0.02%
KFRC	F	-0.02%
TPC	A	-0.02%
SCS	F	-0.02%
CRAI	B	-0.02%
PYCR	D	-0.02%
AMRC	C	-0.02%
AGX	A	-0.02%
UPWK	D	-0.02%
REVG	D	-0.02%
ULCC	D	-0.01%
ATSG	D	-0.01%
TITN	F	-0.01%
PLPC	D	-0.01%
HDSN	F	-0.01%
ULH	B	-0.01%
MTW	F	-0.01%
DSGR	C	-0.01%
DDD	D	-0.01%
RUSHB	D	-0.01%
HTZ	F	-0.01%
NPK	F	-0.01%
LYTS	C	-0.01%
FC	C	-0.01%
PL	D	-0.01%
HY	F	-0.01%
CHPT	F	-0.01%
ACCO	C	-0.01%
CNDT	B	-0.01%
ATRO	D	-0.01%
PLOW	D	-0.01%
EBF	C	-0.01%
GIC	D	-0.01%
ACHR	F	-0.01%
MLR	B	-0.01%
DXPE	C	-0.01%
GLDD	B	-0.01%
LMB	B	-0.01%
XMTR	D	-0.01%
GNK	D	-0.01%
GRC	D	-0.01%
SNCY	D	-0.0%
OFLX	D	-0.0%
TASK	F	-0.0%
CTOS	F	-0.0%