MMTM vs. VWO ETF Comparison

Comparison of SPDR S&P 1500 Momentum Tilt ETF (MMTM) to Vanguard FTSE Emerging Markets ETF (VWO)

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

$249.55

Average Daily Volume

1,510

Number of Holdings ^*

1407

* may have additional holdings in another (foreign) market

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

8,843,931

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MMTM	VWO
30 Days	1.15%	10.37%
60 Days	8.18%	14.54%
90 Days	1.46%	10.49%
12 Months	41.97%	31.34%

2 Overlapping Holdings

	Symbol	Grade	Weight in MMTM	Weight in VWO	Overlap
	CAR	D	0.0%	0.02%	0.0%
	UBSI	D	0.0%	0.0%	0.0%

MMTM Overweight 1405 Positions Relative to VWO

Symbol	Grade	Weight
NVDA	C	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	A	0.97%
AMD	D	0.81%
WMT	A	0.77%
XOM	A	0.72%
GE	C	0.67%
V	C	0.65%
ABBV	A	0.62%
QCOM	D	0.61%
BAC	D	0.59%
AMAT	B	0.58%
MA	A	0.58%
ORCL	B	0.54%
MRK	F	0.52%
UBER	C	0.51%
PGR	C	0.5%
AMGN	D	0.48%
ISRG	A	0.48%
NOW	C	0.47%
UNH	B	0.46%
WFC	D	0.46%
T	A	0.46%
CRM	B	0.44%
PG	C	0.43%
MU	D	0.43%
IBM	B	0.42%
VZ	A	0.42%
AXP	A	0.42%
ETN	C	0.42%
BSX	A	0.39%
INTU	F	0.39%
LIN	B	0.38%
CAT	A	0.38%
KLAC	B	0.36%
GS	C	0.35%
LRCX	D	0.35%
ANET	A	0.35%
C	B	0.35%
HD	A	0.34%
BKNG	C	0.34%
REGN	D	0.33%
KKR	A	0.3%
PANW	D	0.29%
CEG	B	0.29%
VRTX	D	0.29%
TT	A	0.29%
RTX	A	0.29%
TJX	C	0.29%
KO	C	0.29%
TXN	C	0.28%
CMG	C	0.27%
SPGI	C	0.27%
DHR	C	0.26%
SYK	C	0.25%
DIS	D	0.25%
TDG	A	0.25%
APH	D	0.25%
CRWD	D	0.23%
CB	A	0.22%
TMUS	A	0.22%
HON	C	0.22%
ELV	F	0.22%
MSI	A	0.21%
CTAS	B	0.21%
ADI	C	0.21%
ADBE	F	0.2%
MCK	F	0.2%
PM	C	0.2%
BX	C	0.2%
GD	A	0.19%
FI	A	0.19%
CL	D	0.19%
SNPS	F	0.19%
CDNS	D	0.18%
WM	B	0.18%
MMC	D	0.18%
PH	A	0.17%
ICE	A	0.17%
HLT	A	0.17%
SCHW	D	0.16%
ECL	B	0.16%
CI	D	0.16%
ALL	B	0.16%
URI	C	0.16%
TMO	C	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	A	0.15%
ACN	B	0.15%
GEV	B	0.15%
MCO	D	0.14%
BK	C	0.14%
HCA	B	0.14%
RCL	C	0.14%
SO	A	0.14%
MMM	C	0.14%
HWM	A	0.13%
NXPI	F	0.13%
EMR	B	0.13%
MO	D	0.13%
DUK	A	0.13%
LMT	A	0.13%
MPC	F	0.13%
PNC	C	0.13%
NEE	A	0.12%
IR	A	0.12%
MAR	B	0.12%
PSX	D	0.12%
WMB	A	0.12%
AJG	D	0.12%
TRGP	B	0.11%
ADSK	B	0.11%
FCX	B	0.11%
IRM	A	0.11%
TFC	D	0.11%
ORLY	A	0.11%
AFL	A	0.11%
SHW	B	0.11%
JNJ	D	0.11%
PEP	D	0.11%
SPG	A	0.11%
ROST	C	0.11%
AIG	F	0.1%
ROP	C	0.1%
FDX	D	0.1%
TRV	C	0.1%
UNP	D	0.1%
DLR	C	0.1%
FIS	C	0.1%
AZO	D	0.1%
HIG	A	0.1%
OKE	B	0.1%
CSCO	A	0.1%
COF	C	0.1%
GM	D	0.1%
PCAR	D	0.1%
TGT	C	0.1%
PRU	C	0.09%
NTAP	D	0.09%
PWR	B	0.09%
PEG	A	0.09%
VLO	F	0.09%
LHX	A	0.09%
RSG	D	0.09%
GRMN	D	0.09%
FANG	D	0.09%
GWW	A	0.09%
CPRT	B	0.09%
ACGL	A	0.09%
AMP	A	0.09%
AMT	C	0.09%
AXON	A	0.09%
ABT	B	0.09%
ADP	A	0.08%
KMI	A	0.08%
SW	C	0.08%
WDC	C	0.08%
STX	B	0.08%
MET	A	0.08%
DHI	C	0.08%
COP	D	0.08%
IT	C	0.08%
DECK	B	0.08%
LEN	B	0.08%
WAB	A	0.08%
CSL	A	0.07%
EW	F	0.07%
FITB	C	0.07%
EFX	C	0.07%
XYL	C	0.07%
AEP	C	0.07%
NRG	A	0.07%
MLM	D	0.07%
VRSK	D	0.07%
EME	C	0.07%
TSLA	C	0.07%
CME	A	0.07%
KMB	B	0.07%
WSM	B	0.07%
GDDY	D	0.07%
DFS	C	0.07%
CARR	A	0.07%
PHM	A	0.07%
LDOS	A	0.07%
SMCI	F	0.07%
LOW	A	0.07%
MDT	B	0.06%
CMI	B	0.06%
PLD	D	0.06%
CDW	D	0.06%
CSX	D	0.06%
SYF	B	0.06%
FAST	B	0.06%
PSA	C	0.06%
WTW	B	0.06%
NDAQ	C	0.06%
EXR	C	0.06%
USB	C	0.06%
TSCO	A	0.06%
LII	C	0.06%
EBAY	A	0.06%
MCD	A	0.06%
GLW	B	0.06%
ERIE	A	0.05%
SRE	A	0.05%
MTB	C	0.05%
A	B	0.05%
RGA	C	0.05%
BR	B	0.05%
BURL	D	0.05%
MTD	B	0.05%
CMCSA	B	0.05%
EOG	B	0.05%
TOL	A	0.05%
FIX	A	0.05%
TEL	D	0.05%
NOC	B	0.05%
IFF	C	0.05%
TYL	B	0.05%
GILD	A	0.05%
VLTO	A	0.05%
NVR	A	0.05%
TER	C	0.05%
HPQ	C	0.05%
PSTG	F	0.05%
HPE	B	0.05%
TPL	B	0.05%
AVB	C	0.05%
DOV	C	0.05%
BRO	A	0.05%
VMC	D	0.05%
THC	C	0.05%
WSO	C	0.04%
BLD	C	0.04%
DPZ	D	0.04%
AON	A	0.04%
SFM	A	0.04%
ONTO	B	0.04%
CW	A	0.04%
NVT	D	0.04%
STLD	B	0.04%
RJF	B	0.04%
SRPT	F	0.04%
FNF	A	0.04%
WRB	B	0.04%
UTHR	C	0.04%
ABNB	D	0.04%
MANH	C	0.04%
PKG	C	0.04%
CBRE	A	0.04%
TXRH	A	0.04%
EQIX	B	0.04%
DKS	D	0.04%
IBKR	A	0.04%
XPO	F	0.04%
HUBB	A	0.04%
EQH	C	0.04%
ZTS	C	0.04%
NEM	C	0.04%
CBOE	A	0.04%
PTC	D	0.04%
CASY	D	0.04%
WING	B	0.04%
OTIS	A	0.04%
COHR	B	0.04%
TTEK	B	0.03%
WMS	D	0.03%
X	F	0.03%
MEDP	F	0.03%
DOW	B	0.03%
RNR	A	0.03%
JLL	B	0.03%
L	D	0.03%
LNW	F	0.03%
O	A	0.03%
YUM	A	0.03%
BJ	D	0.03%
KDP	C	0.03%
GEHC	C	0.03%
ANF	F	0.03%
MAS	A	0.03%
CNC	F	0.03%
NSC	C	0.03%
DUOL	B	0.03%
HRB	C	0.03%
BRBR	C	0.03%
RBA	D	0.03%
NBIX	F	0.03%
CRS	C	0.03%
AYI	A	0.03%
J	D	0.03%
F	D	0.03%
ROL	B	0.03%
PCG	B	0.03%
MDLZ	C	0.03%
PAYX	A	0.03%
EIX	A	0.03%
USFD	C	0.03%
OXY	F	0.03%
OLED	C	0.03%
DAL	C	0.03%
JEF	A	0.03%
CHD	C	0.03%
BWXT	A	0.03%
MCHP	F	0.03%
INTC	D	0.03%
MUSA	D	0.03%
ITT	B	0.03%
EA	D	0.03%
IP	C	0.03%
NWSA	D	0.03%
OC	C	0.03%
DE	A	0.03%
CLH	C	0.03%
FN	B	0.03%
KEY	C	0.03%
EQR	C	0.03%
KR	C	0.03%
EVR	C	0.03%
DD	B	0.03%
VTR	C	0.03%
WWD	B	0.03%
AVY	C	0.03%
JNPR	B	0.03%
CINF	A	0.03%
CTSH	B	0.03%
CFG	D	0.03%
CAH	B	0.03%
ITW	A	0.03%
FSLR	C	0.03%
AME	D	0.03%
HBAN	D	0.03%
UHS	D	0.03%
ETR	A	0.03%
ESS	C	0.03%
JCI	B	0.03%
KHC	D	0.02%
SLG	C	0.02%
NSIT	B	0.02%
FHN	D	0.02%
OLLI	C	0.02%
PFE	D	0.02%
AVAV	B	0.02%
SRCL	B	0.02%
STE	D	0.02%
CNP	B	0.02%
PFG	C	0.02%
FCN	C	0.02%
NI	A	0.02%
MTG	B	0.02%
CHDN	D	0.02%
EXPE	B	0.02%
FFIV	B	0.02%
LYV	A	0.02%
ORI	B	0.02%
RBC	C	0.02%
TROW	D	0.02%
VICI	C	0.02%
ATI	B	0.02%
SAIA	D	0.02%
FLS	A	0.02%
GAP	F	0.02%
RDNT	C	0.02%
CG	C	0.02%
KNF	C	0.02%
ESAB	C	0.02%
SLB	D	0.02%
IBP	B	0.02%
INVH	D	0.02%
NUE	D	0.02%
OHI	C	0.02%
COOP	B	0.02%
CACI	A	0.02%
FSS	B	0.02%
DTE	A	0.02%
KD	F	0.02%
ACIW	B	0.02%
CE	D	0.02%
ENSG	D	0.02%
RYAN	A	0.02%
AOS	B	0.02%
DY	C	0.02%
MOG.A	A	0.02%
PFGC	A	0.02%
TSN	D	0.02%
EXP	C	0.02%
BALL	C	0.02%
WAT	B	0.02%
MORN	C	0.02%
RF	C	0.02%
AWI	A	0.02%
NYT	A	0.02%
SNX	C	0.02%
ATR	A	0.02%
EG	B	0.02%
ARMK	A	0.02%
SKX	B	0.02%
SYY	B	0.02%
APD	C	0.02%
DVA	C	0.02%
CTVA	A	0.02%
WFRD	F	0.02%
MTSI	B	0.02%
FE	B	0.02%
STZ	B	0.02%
CTLT	A	0.02%
BBY	B	0.02%
SF	A	0.02%
CYTK	F	0.02%
EWBC	D	0.02%
IQV	F	0.02%
TTWO	F	0.02%
PPL	A	0.02%
ELF	F	0.02%
CVLT	C	0.02%
AIZ	A	0.02%
BDX	B	0.02%
MRO	D	0.02%
EHC	B	0.02%
LYB	D	0.02%
GKOS	B	0.02%
CRUS	D	0.02%
RL	B	0.02%
AIT	B	0.02%
OMC	C	0.02%
FLR	D	0.02%
DTM	A	0.02%
KEX	C	0.02%
HLI	C	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%
PNR	C	0.02%
LAMR	C	0.02%
MLI	C	0.02%
EMN	C	0.02%
TXT	F	0.02%
FYBR	C	0.02%
CCI	C	0.02%
ED	A	0.02%
HES	D	0.02%
CNM	F	0.02%
PR	F	0.02%
CR	B	0.02%
COKE	B	0.02%
KRG	C	0.01%
GHC	B	0.01%
MLKN	F	0.01%
GATX	F	0.01%
ONB	D	0.01%
PPC	B	0.01%
VIRT	B	0.01%
LUV	B	0.01%
WU	D	0.01%
CXW	F	0.01%
LNTH	C	0.01%
APOG	B	0.01%
PRK	D	0.01%
SFBS	D	0.01%
LECO	D	0.01%
PNW	A	0.01%
VECO	F	0.01%
AVNT	C	0.01%
VOYA	A	0.01%
WD	C	0.01%
CNK	C	0.01%
UAL	B	0.01%
STC	C	0.01%
GEO	F	0.01%
UFPT	D	0.01%
ULTA	D	0.01%
UCTT	D	0.01%
PLUS	C	0.01%
ACA	C	0.01%
DINO	F	0.01%
NHC	D	0.01%
CRVL	C	0.01%
SANM	D	0.01%
SEIC	B	0.01%
PLMR	C	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%
BRC	C	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	D	0.01%
LBRT	F	0.01%
CLX	B	0.01%
PK	D	0.01%
ASB	F	0.01%
PHIN	C	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%
KFY	C	0.01%
PATK	C	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	D	0.01%
K	B	0.01%
NDSN	B	0.01%
AEE	A	0.01%
MTDR	F	0.01%
WY	B	0.01%
CRL	F	0.01%
CMA	C	0.01%
EPRT	C	0.01%
HAL	F	0.01%
CVS	D	0.01%
ASGN	D	0.01%
CVCO	B	0.01%
CNO	C	0.01%
BRX	C	0.01%
TNL	B	0.01%
POWL	A	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%
GVA	A	0.01%
BBWI	F	0.01%
IRT	C	0.01%
HNI	B	0.01%
IBOC	D	0.01%
TPH	C	0.01%
FULT	D	0.01%
AL	D	0.01%
TREX	D	0.01%
TKO	A	0.01%
INGR	A	0.01%
SWKS	F	0.01%
RRC	D	0.01%
MGY	B	0.01%
LOPE	D	0.01%
AZZ	C	0.01%
UDR	C	0.01%
PNFP	D	0.01%
MARA	F	0.01%
BXP	C	0.01%
SBAC	B	0.01%
CHE	C	0.01%
AMG	B	0.01%
KEYS	B	0.01%
OVV	F	0.01%
EQT	B	0.01%
KMPR	D	0.01%
FDS	C	0.01%
IDCC	A	0.01%
AWK	B	0.01%
LNT	A	0.01%
BIIB	F	0.01%
SIG	C	0.01%
M	F	0.01%
KNSL	D	0.01%
CALM	B	0.01%
UMBF	C	0.01%
FBP	D	0.01%
CPB	D	0.01%
SSD	B	0.01%
CELH	F	0.01%
CNX	A	0.01%
BA	F	0.01%
JKHY	A	0.01%
CTRE	B	0.01%
KBR	C	0.01%
GME	F	0.01%
MAC	C	0.01%
QRVO	F	0.01%
CSGP	F	0.01%
GBCI	C	0.01%
EXLS	A	0.01%
CEIX	B	0.01%
POST	C	0.01%
ROK	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	B	0.01%
BCPC	C	0.01%
GFF	C	0.01%
AFG	C	0.01%
AXTA	C	0.01%
SBRA	C	0.01%
HWKN	A	0.01%
DRI	C	0.01%
SM	F	0.01%
LPX	A	0.01%
PYPL	C	0.01%
JHG	C	0.01%
HCC	B	0.01%
MC	C	0.01%
STEP	A	0.01%
MHK	B	0.01%
GGG	B	0.01%
TPX	C	0.01%
ITGR	C	0.01%
ODFL	D	0.01%
AMKR	F	0.01%
SNA	A	0.01%
UPS	D	0.01%
BMI	A	0.01%
RMD	C	0.01%
XEL	A	0.01%
JBL	D	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	D	0.01%
AM	A	0.01%
TDW	F	0.01%
ALLE	A	0.01%
RDN	D	0.01%
AMR	F	0.01%
MSA	F	0.01%
KTB	B	0.01%
MDU	C	0.01%
BCC	C	0.01%
CMS	A	0.01%
HUM	F	0.01%
BLDR	B	0.01%
ITRI	C	0.01%
AMCR	B	0.01%
HST	D	0.01%
AGO	B	0.01%
RS	D	0.01%
LRN	C	0.01%
NKE	D	0.01%
VRRM	D	0.01%
CPT	C	0.01%
PVH	F	0.01%
BOOT	A	0.01%
UFPI	C	0.01%
LNC	D	0.01%
SBUX	B	0.01%
CTRA	D	0.01%
CBSH	D	0.01%
AEO	B	0.01%
VNO	A	0.01%
SLM	C	0.01%
VNT	F	0.01%
OSK	F	0.01%
TMHC	C	0.01%
ALTR	B	0.01%
EXC	A	0.01%
VTRS	D	0.01%
MTH	C	0.01%
GLPI	A	0.01%
SKYW	B	0.01%
GIS	C	0.01%
EXPD	C	0.01%
WTFC	D	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	C	0.01%
DCI	B	0.01%
DVN	F	0.01%
CCL	C	0.01%
ARE	D	0.01%
TRMB	B	0.01%
HII	F	0.01%
DXCM	F	0.01%
MSCI	B	0.01%
GMED	D	0.01%
SNV	D	0.01%
BGC	C	0.01%
MKSI	F	0.01%
ZBRA	A	0.01%
HALO	D	0.01%
KRYS	D	0.01%
IIPR	C	0.01%
FTV	B	0.01%
SCI	C	0.01%
MOH	D	0.01%
CBT	B	0.01%
AA	B	0.01%
ANSS	D	0.01%
KIM	C	0.01%
BCO	C	0.01%
HQY	C	0.01%
RPM	A	0.01%
AR	B	0.01%
ATO	A	0.01%
ACM	C	0.01%
GPK	C	0.01%
TDY	A	0.01%
MATX	C	0.01%
CHRD	F	0.01%
MRNA	F	0.01%
WEC	A	0.01%
AAON	A	0.01%
R	C	0.01%
APPF	C	0.01%
H	C	0.01%
PRI	A	0.01%
DGX	B	0.01%
KBH	C	0.01%
CUBE	C	0.01%
BFS	A	0.0%
FLGT	F	0.0%
RGNX	F	0.0%
PAHC	C	0.0%
RES	D	0.0%
CCRN	F	0.0%
PCRX	F	0.0%
SLP	F	0.0%
TR	D	0.0%
HFWA	D	0.0%
VIR	F	0.0%
HZO	D	0.0%
GDOT	C	0.0%
PUMP	F	0.0%
CHUY	B	0.0%
AOSL	D	0.0%
BSIG	D	0.0%
RCUS	F	0.0%
MMI	C	0.0%
AHCO	C	0.0%
XPEL	D	0.0%
EYE	F	0.0%
TGI	F	0.0%
SPTN	B	0.0%
CLB	D	0.0%
CBRL	D	0.0%
VSAT	F	0.0%
BJRI	D	0.0%
SBSI	D	0.0%
TALO	F	0.0%
PARR	F	0.0%
DGII	B	0.0%
WOLF	F	0.0%
QNST	B	0.0%
AVNS	D	0.0%
HELE	D	0.0%
HRMY	D	0.0%
PBI	C	0.0%
DEA	D	0.0%
IART	F	0.0%
LNN	C	0.0%
OMI	F	0.0%
PFS	D	0.0%
TWI	F	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	B	0.0%
DAN	D	0.0%
PEB	D	0.0%
FOXF	F	0.0%
FBNC	D	0.0%
ALGM	F	0.0%
STAA	D	0.0%
NWBI	D	0.0%
CHEF	C	0.0%
WGO	D	0.0%
HLIT	C	0.0%
UAA	B	0.0%
CEVA	B	0.0%
BANR	C	0.0%
NBR	F	0.0%
RCM	B	0.0%
VSTS	D	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	D	0.0%
ARWR	F	0.0%
HI	F	0.0%
BLFS	D	0.0%
ASTE	F	0.0%
CNMD	D	0.0%
ASTH	A	0.0%
GDEN	D	0.0%
LGIH	C	0.0%
ADNT	D	0.0%
YELP	D	0.0%
VSH	F	0.0%
VTOL	D	0.0%
PPBI	F	0.0%
DLX	F	0.0%
ALGT	D	0.0%
PTEN	F	0.0%
CNXC	F	0.0%
GT	F	0.0%
DV	F	0.0%
WERN	D	0.0%
EMBC	F	0.0%
TNDM	D	0.0%
JACK	F	0.0%
DEI	A	0.0%
MNRO	B	0.0%
VC	F	0.0%
HAFC	D	0.0%
BRKL	D	0.0%
VICR	B	0.0%
USNA	F	0.0%
VAC	D	0.0%
SXC	F	0.0%
HAIN	B	0.0%
CFFN	D	0.0%
ENV	C	0.0%
PENN	D	0.0%
COLM	B	0.0%
PLAY	D	0.0%
DORM	C	0.0%
NVRI	D	0.0%
UCBI	B	0.0%
CABO	F	0.0%
NWL	D	0.0%
IRWD	F	0.0%
SLAB	D	0.0%
LCII	B	0.0%
SCHL	F	0.0%
XNCR	D	0.0%
ETD	C	0.0%
POWI	F	0.0%
UNF	A	0.0%
UA	B	0.0%
ORA	C	0.0%
WABC	F	0.0%
MD	B	0.0%
PCH	C	0.0%
HTLD	F	0.0%
RC	F	0.0%
PII	D	0.0%
AXL	F	0.0%
DXC	D	0.0%
MSM	D	0.0%
NWN	C	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	C	0.0%
SJW	D	0.0%
LITE	A	0.0%
ECPG	F	0.0%
BANF	D	0.0%
DCOM	C	0.0%
MODG	F	0.0%
ALG	D	0.0%
SCL	D	0.0%
FIZZ	D	0.0%
ST	F	0.0%
NVEE	F	0.0%
MATV	F	0.0%
VMI	B	0.0%
EPC	F	0.0%
AMSF	B	0.0%
KOP	F	0.0%
RUN	D	0.0%
ENR	B	0.0%
XRAY	D	0.0%
HPP	F	0.0%
DAR	F	0.0%
GTLS	F	0.0%
DRH	C	0.0%
WHR	B	0.0%
JOE	D	0.0%
THO	B	0.0%
ENOV	F	0.0%
PCTY	B	0.0%
GES	F	0.0%
JAZZ	F	0.0%
G	A	0.0%
LEA	F	0.0%
MASI	B	0.0%
GXO	D	0.0%
AHH	F	0.0%
OGN	F	0.0%
USPH	F	0.0%
MXL	F	0.0%
PRG	C	0.0%
AGCO	D	0.0%
RH	C	0.0%
BEN	F	0.0%
NARI	F	0.0%
OI	D	0.0%
ROIC	C	0.0%
KELYA	D	0.0%
HMN	B	0.0%
GSHD	B	0.0%
MAT	D	0.0%
CGNX	F	0.0%
KSS	D	0.0%
MATW	F	0.0%
JBLU	B	0.0%
LQDT	C	0.0%
HCI	B	0.0%
EVTC	D	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	B	0.0%
HGV	F	0.0%
OMCL	C	0.0%
KLIC	D	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%
PAYC	D	0.0%
BL	D	0.0%
MIDD	D	0.0%
AAL	D	0.0%
LESL	F	0.0%
FMC	B	0.0%
TRIP	F	0.0%
PLAB	D	0.0%
UFCS	D	0.0%
AIN	F	0.0%
VSCO	C	0.0%
UTL	C	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%
NSP	F	0.0%
PEN	D	0.0%
VIAV	B	0.0%
JBSS	F	0.0%
PRLB	F	0.0%
CSGS	C	0.0%
JBT	B	0.0%
HP	F	0.0%
WNC	F	0.0%
GL	C	0.0%
CZR	B	0.0%
HSIC	D	0.0%
COHU	F	0.0%
DAY	B	0.0%
ASIX	A	0.0%
HRL	F	0.0%
FCF	D	0.0%
CTS	B	0.0%
MKTX	C	0.0%
IPAR	D	0.0%
JJSF	B	0.0%
CERT	F	0.0%
ICUI	B	0.0%
TAP	D	0.0%
PDFS	F	0.0%
CC	D	0.0%
IIIN	F	0.0%
KAR	D	0.0%
SVC	F	0.0%
TMP	D	0.0%
CPK	C	0.0%
XRX	D	0.0%
BANC	D	0.0%
NVST	D	0.0%
MOS	D	0.0%
ALB	D	0.0%
FDP	C	0.0%
HCSG	D	0.0%
DNOW	F	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%
VVI	B	0.0%
AEIS	F	0.0%
TILE	C	0.0%
WTRG	D	0.0%
COLL	B	0.0%
MSEX	C	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	B	0.0%
MYGN	D	0.0%
CAKE	A	0.0%
SJM	C	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	D	0.0%
RGR	F	0.0%
RWT	C	0.0%
ARCB	D	0.0%
TRUP	D	0.0%
THS	C	0.0%
PDCO	F	0.0%
SUPN	D	0.0%
YETI	B	0.0%
SFNC	C	0.0%
CALX	C	0.0%
CPRI	B	0.0%
POOL	B	0.0%
TECH	C	0.0%
ALKS	B	0.0%
WWW	A	0.0%
SHEN	F	0.0%
MTN	D	0.0%
INN	A	0.0%
PRGS	B	0.0%
BOX	C	0.0%
HUBG	D	0.0%
FWRD	D	0.0%
AAP	F	0.0%
HOG	D	0.0%
DLTR	F	0.0%
UHT	C	0.0%
JBHT	D	0.0%
AWR	A	0.0%
TTGT	F	0.0%
IPGP	D	0.0%
SYNA	D	0.0%
NX	F	0.0%
ENPH	D	0.0%
FHI	C	0.0%
ABR	C	0.0%
NAVI	D	0.0%
ANDE	D	0.0%
MRTN	F	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	B	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	D	0.0%
CHH	B	0.0%
KMT	C	0.0%
AMWD	B	0.0%
SSTK	F	0.0%
FOX	A	0.0%
DIOD	F	0.0%
CARS	F	0.0%
ALGN	D	0.0%
KN	C	0.0%
CAG	D	0.0%
SITM	B	0.0%
HBI	B	0.0%
TKR	D	0.0%
LGND	D	0.0%
WDFC	B	0.0%
DG	F	0.0%
VAL	F	0.0%
TCBI	C	0.0%
COLB	C	0.0%
NEOG	D	0.0%
WAFD	D	0.0%
MTUS	F	0.0%
VRSN	B	0.0%
SMPL	D	0.0%
INDB	D	0.0%
OLN	D	0.0%
SGH	D	0.0%
BC	D	0.0%
HAE	D	0.0%
SAH	D	0.0%
NTCT	B	0.0%
WOR	F	0.0%
ALEX	D	0.0%
TEX	F	0.0%
HTH	D	0.0%
HAYW	B	0.0%
CLF	D	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	C	0.0%
FTDR	C	0.0%
LVS	B	0.0%
ALK	B	0.0%
FCPT	C	0.0%
WBD	D	0.0%
COTY	F	0.0%
LFUS	C	0.0%
LIVN	B	0.0%
CCOI	B	0.0%
BAX	D	0.0%
B	C	0.0%
UVV	D	0.0%
GBX	C	0.0%
ASO	D	0.0%
PRDO	D	0.0%
FAF	B	0.0%
ILMN	B	0.0%
MRCY	B	0.0%
ARW	C	0.0%
RHI	D	0.0%
EIG	B	0.0%
PARA	F	0.0%
SR	C	0.0%
BKE	D	0.0%
ENS	D	0.0%
ARI	F	0.0%
IRDM	B	0.0%
RAMP	F	0.0%
ACHC	F	0.0%
HSII	C	0.0%
REX	D	0.0%
CUBI	F	0.0%
OZK	F	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	D	0.0%
ZBH	F	0.0%
RUSHA	D	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%
RXO	D	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	C	0.0%
LANC	F	0.0%
KWR	D	0.0%
ES	C	0.0%
OXM	F	0.0%
ADC	B	0.0%
ADUS	D	0.0%
KNX	D	0.0%
NXST	D	0.0%
CUZ	C	0.0%
CNXN	C	0.0%
REZI	D	0.0%
SMG	A	0.0%
MYRG	F	0.0%
CWK	C	0.0%
HSY	D	0.0%
MGM	D	0.0%
VBTX	C	0.0%
ASH	F	0.0%
DLB	D	0.0%
XHR	B	0.0%
NWE	B	0.0%
SXI	C	0.0%
BWA	B	0.0%
PSMT	B	0.0%
NCLH	C	0.0%
GRBK	C	0.0%
SON	D	0.0%
GIII	C	0.0%
CPF	C	0.0%
SIGI	D	0.0%
PFBC	D	0.0%
ROCK	D	0.0%
GNRC	B	0.0%
ARLO	F	0.0%
CHX	D	0.0%
TRN	C	0.0%
WYNN	B	0.0%
STRA	F	0.0%
MSGS	A	0.0%
CRC	B	0.0%
HXL	F	0.0%
CHTR	D	0.0%
INVA	B	0.0%
NPO	C	0.0%
EL	D	0.0%
LULU	D	0.0%
NOG	F	0.0%
HAS	A	0.0%
NFG	A	0.0%
FELE	C	0.0%
BKH	C	0.0%
APLE	D	0.0%
FHB	D	0.0%
ESE	B	0.0%
REXR	D	0.0%
FBK	D	0.0%
LZB	C	0.0%
SPNT	D	0.0%
KRC	C	0.0%
NOVT	C	0.0%
LW	D	0.0%
NBTB	D	0.0%
NOV	F	0.0%
ON	F	0.0%
TTC	D	0.0%
CASH	D	0.0%
CIVI	F	0.0%
OGS	C	0.0%
RRX	C	0.0%
WH	C	0.0%
ABG	D	0.0%
NBHC	D	0.0%
ADM	D	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	B	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%
EPAC	C	0.0%
IPG	C	0.0%
BLKB	C	0.0%
OFG	D	0.0%
MAN	D	0.0%
AUB	D	0.0%
ENVA	D	0.0%
NJR	C	0.0%
KMX	F	0.0%
POR	C	0.0%
WCC	C	0.0%
ANIP	F	0.0%
STBA	D	0.0%
EEFT	F	0.0%
MTZ	B	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	B	0.0%
IVZ	A	0.0%
AZTA	F	0.0%
HLX	D	0.0%
LSTR	D	0.0%
WS	D	0.0%
IDA	C	0.0%
VSTO	D	0.0%
PBH	D	0.0%
IOSP	F	0.0%
QLYS	F	0.0%
ABM	D	0.0%
SLVM	C	0.0%
WEX	C	0.0%
CHRW	A	0.0%
STWD	C	0.0%
MMS	B	0.0%
AN	C	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%
VCEL	F	0.0%
SHOO	A	0.0%
GMS	C	0.0%
THG	C	0.0%
ALE	A	0.0%
ALRM	F	0.0%
EXPO	A	0.0%
HASI	C	0.0%
CORT	B	0.0%
DFIN	C	0.0%
TNC	F	0.0%
LPG	F	0.0%
WTS	C	0.0%
AIR	D	0.0%
PB	D	0.0%
MTX	B	0.0%
SAIC	A	0.0%
IEX	D	0.0%
OTTR	F	0.0%
FTNT	A	0.0%
SWK	A	0.0%
FR	C	0.0%
AX	D	0.0%
SSB	C	0.0%
URBN	F	0.0%
SMTC	C	0.0%
FUL	F	0.0%

MMTM Underweight 82 Positions Relative to VWO

Symbol	Grade	Weight
BABA	A	-2.06%
HDB	C	-1.28%
PDD	B	-0.79%
IBN	C	-0.54%
VALE	B	-0.48%
TCOM	A	-0.29%
BIDU	B	-0.27%
UMC	D	-0.18%
YUMC	B	-0.15%
CHT	C	-0.13%
ABEV	B	-0.12%
LI	C	-0.12%
BGNE	B	-0.11%
BEKE	B	-0.11%
WIT	C	-0.09%
ASAI	F	-0.09%
TME	B	-0.08%
ITUB	C	-0.07%
YMM	B	-0.06%
XPEV	B	-0.06%
ERJ	C	-0.06%
NIO	B	-0.06%
UMC	D	-0.06%
BCH	D	-0.06%
CHT	C	-0.05%
GGB	B	-0.05%
BZ	B	-0.05%
BILI	B	-0.05%
VIPS	B	-0.05%
BRFS	C	-0.04%
TAL	B	-0.04%
SBSW	D	-0.03%
RDY	D	-0.03%
CSAN	D	-0.03%
CIB	D	-0.03%
QFIN	A	-0.03%
BSBR	F	-0.02%
ATHM	A	-0.02%
SGRP	B	-0.02%
BBD	B	-0.02%
RLX	D	-0.02%
GDS	B	-0.02%
SBS	D	-0.02%
WIT	C	-0.02%
GOTU	D	-0.01%
WB	B	-0.01%
EH	C	-0.01%
CSIQ	D	-0.01%
EC	F	-0.01%
CIG	B	-0.01%
IMOS	D	-0.01%
FINV	A	-0.01%
DQ	B	-0.01%
JKS	B	-0.01%
BSAC	D	-0.01%
ERJ	C	-0.01%
MOMO	B	-0.01%
YY	C	-0.01%
IQ	D	-0.01%
ATAT	A	-0.01%
AKO.A	D	-0.01%
ELP	F	-0.01%
JEWL	D	-0.0%
BAOS	D	-0.0%
ENIC	D	-0.0%
DADA	C	-0.0%
DAO	A	-0.0%
GRIN	A	-0.0%
BAK	D	-0.0%
CAN	D	-0.0%
HUYA	B	-0.0%
ATHM	A	-0.0%
EBR	D	-0.0%
ASAI	F	-0.0%
GGB	B	-0.0%
AZUL	F	-0.0%
DDL	A	-0.0%
VNET	B	-0.0%
TUYA	B	-0.0%
SID	D	-0.0%
SOHU	A	-0.0%
SQM	D	-0.0%