SPGM vs. AVEM ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Avantis Emerging Markets Equity ETF (AVEM)

SPGM

SPDR Portfolio MSCI Global Stock Market ETF

SPGM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI IMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets.

Grade (RS Rating)

Last Trade

$64.66

Average Daily Volume

43,996

Number of Holdings ^*

1001

* may have additional holdings in another (foreign) market

AVEM

Avantis Emerging Markets Equity ETF

AVEM Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities of companies related to emerging market countries.

Grade (RS Rating)

Last Trade

$65.76

Average Daily Volume

464,776

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	AVEM
30 Days	4.41%	9.04%
60 Days	11.77%	14.97%
90 Days	4.41%	5.18%
12 Months	32.74%	30.72%

60 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in AVEM	Overlap
ABEV	B	0.02%	0.06%	0.02%
AKO.A	D	0.01%	0.03%	0.01%
ATHM	B	0.0%	0.07%	0.0%
BABA	A	0.23%	1.54%	0.23%
BABA	A	0.03%	1.54%	0.03%
BBD	C	0.03%	0.12%	0.03%
BEKE	A	0.01%	0.2%	0.01%
BGNE	A	0.01%	0.03%	0.01%
BIDU	C	0.03%	0.05%	0.03%
BILI	B	0.0%	0.0%	0.0%
BVN	D	0.0%	0.05%	0.0%
BZ	C	0.01%	0.01%	0.01%
CAR	D	0.0%	0.06%	0.0%
CHT	C	0.09%	0.11%	0.09%
CIB	D	0.0%	0.04%	0.0%
CIG	C	0.0%	0.06%	0.0%
DQ	C	0.01%	0.04%	0.01%
ERJ	C	0.01%	0.22%	0.01%
GDS	B	0.0%	0.04%	0.0%
GGB	B	0.02%	0.13%	0.02%
HDB	D	0.07%	0.44%	0.07%
HTHT	B	0.0%	0.07%	0.0%
HUYA	B	0.0%	0.01%	0.0%
IBN	C	0.18%	0.42%	0.18%
INFY	B	0.16%	0.72%	0.16%
IQ	D	0.0%	0.05%	0.0%
ITUB	D	0.05%	0.32%	0.05%
KB	D	0.04%	0.38%	0.04%
KEP	F	0.0%	0.04%	0.0%
LI	C	0.0%	0.23%	0.0%
LI	C	0.02%	0.23%	0.02%
MNSO	C	0.0%	0.02%	0.0%
MOMO	B	0.0%	0.07%	0.0%
NIO	C	0.01%	0.04%	0.01%
NU	D	0.03%	0.05%	0.03%
PBR	B	0.03%	0.39%	0.03%
PDD	B	0.09%	0.77%	0.09%
PHI	B	0.01%	0.03%	0.01%
PKX	D	0.06%	0.31%	0.06%
QFIN	A	0.0%	0.14%	0.0%
RDY	D	0.13%	0.16%	0.13%
SCCO	B	0.01%	0.08%	0.01%
SHG	D	0.03%	0.34%	0.03%
SID	D	0.01%	0.05%	0.01%
SQM	D	0.01%	0.05%	0.01%
TAL	C	0.01%	0.06%	0.01%
TCOM	A	0.07%	0.17%	0.07%
TIGR	A	0.0%	0.0%	0.0%
TME	B	0.01%	0.11%	0.01%
TSM	B	0.93%	5.58%	0.93%
TUYA	C	0.0%	0.0%	0.0%
UMC	D	0.07%	0.32%	0.07%
VALE	D	0.08%	0.41%	0.08%
VIPS	B	0.01%	0.23%	0.01%
VNET	B	0.0%	0.02%	0.0%
WIT	C	0.06%	0.07%	0.06%
XPEV	C	0.01%	0.0%	0.0%
XPEV	C	0.0%	0.0%	0.0%
YUMC	B	0.04%	0.26%	0.04%
YY	C	0.0%	0.03%	0.0%

SPGM Overweight 941 Positions Relative to AVEM

Symbol	Grade	Weight
AAPL	C	3.74%
MSFT	D	3.41%
NVDA	B	3.39%
AMZN	C	1.95%
META	A	1.45%
GOOGL	B	1.04%
GOOG	B	1.03%
AVGO	B	0.9%
TSLA	C	0.81%
JPM	C	0.81%
LLY	D	0.81%
BRK.A	B	0.7%
UNH	B	0.66%
XOM	A	0.65%
V	B	0.61%
COST	C	0.55%
HD	A	0.55%
PG	D	0.49%
TMO	D	0.45%
BAC	B	0.44%
ABBV	C	0.42%
JNJ	D	0.41%
MA	A	0.41%
CRM	B	0.41%
WMT	A	0.39%
ORCL	A	0.39%
TXN	C	0.38%
MRK	F	0.37%
DHR	D	0.34%
INTU	F	0.34%
AXP	A	0.34%
ADBE	F	0.34%
TJX	D	0.34%
LIN	C	0.34%
CSCO	A	0.33%
RTX	A	0.33%
ABT	C	0.33%
KO	C	0.33%
NFLX	A	0.32%
WFC	B	0.32%
CVX	B	0.31%
GS	B	0.31%
CAT	A	0.3%
LOW	C	0.3%
TM	D	0.29%
IBM	A	0.29%
AMD	C	0.28%
QCOM	D	0.28%
AMAT	C	0.28%
CB	A	0.27%
LMT	A	0.27%
ACN	B	0.27%
PEP	F	0.27%
NEE	C	0.27%
BKNG	B	0.26%
UNP	F	0.26%
NVS	D	0.25%
DIS	D	0.25%
PLD	D	0.25%
AFL	A	0.25%
SPGI	C	0.24%
MS	A	0.24%
SONY	C	0.23%
A	B	0.23%
GD	C	0.23%
MDT	C	0.23%
CMI	A	0.23%
PSA	C	0.23%
MCD	A	0.23%
AMGN	D	0.23%
C	B	0.23%
ELV	F	0.22%
WM	B	0.21%
ADP	A	0.21%
NKE	D	0.21%
ETN	B	0.21%
PM	D	0.2%
MCK	F	0.2%
SBUX	B	0.2%
MET	A	0.2%
PFE	D	0.2%
T	B	0.2%
ORLY	A	0.2%
AMT	D	0.19%
ROST	D	0.19%
UL	D	0.19%
SYK	C	0.19%
TRV	B	0.19%
DE	C	0.19%
ABBV	C	0.19%
HON	C	0.19%
BK	A	0.18%
EMR	B	0.18%
TT	A	0.18%
ADI	B	0.18%
CSX	D	0.18%
JCI	C	0.17%
PGR	B	0.17%
COP	D	0.17%
MPC	D	0.17%
BDX	C	0.17%
CMCSA	B	0.17%
MMC	D	0.17%
NOC	B	0.17%
GILD	A	0.17%
NSC	C	0.16%
DFS	A	0.16%
ISRG	C	0.16%
TEL	D	0.16%
FDX	F	0.16%
AEP	C	0.16%
VZ	C	0.15%
PRU	B	0.15%
PNC	C	0.15%
GE	B	0.15%
ALL	A	0.15%
PH	A	0.15%
SPG	A	0.14%
BSX	A	0.14%
NOW	B	0.14%
CNI	D	0.14%
GLW	C	0.14%
CEG	A	0.14%
SCHW	D	0.14%
CL	D	0.14%
ECL	C	0.14%
PEG	A	0.14%
EOG	B	0.14%
MUFG	D	0.14%
CVS	D	0.14%
CTSH	B	0.13%
SYY	D	0.13%
TD	B	0.13%
KEYS	B	0.13%
HSY	D	0.13%
UBER	C	0.13%
ITW	C	0.13%
INTC	D	0.13%
PYPL	A	0.13%
FAST	C	0.12%
MKC	C	0.12%
CLX	C	0.12%
COF	A	0.12%
EIX	C	0.12%
IR	A	0.12%
REGN	D	0.12%
BMY	A	0.12%
TGT	C	0.12%
EBAY	A	0.11%
HPQ	B	0.11%
MELI	D	0.11%
HES	D	0.11%
UPS	D	0.11%
VLO	F	0.11%
MMM	C	0.11%
MTB	A	0.11%
USB	C	0.11%
YUM	C	0.11%
KMB	D	0.11%
NTAP	D	0.1%
CMG	C	0.1%
ZTS	C	0.1%
DUK	C	0.1%
ROIC	C	0.1%
SHOP	B	0.1%
BA	F	0.1%
CHTR	D	0.09%
CHRW	C	0.09%
CME	A	0.09%
UMH	D	0.09%
ADM	F	0.09%
AZN	D	0.09%
PANW	B	0.09%
GM	D	0.08%
CTVA	A	0.08%
APD	C	0.08%
LYB	B	0.08%
SJM	D	0.08%
DEO	C	0.08%
PPL	C	0.08%
MO	D	0.08%
BLK	A	0.08%
CI	D	0.08%
BIIB	F	0.08%
DD	C	0.08%
K	B	0.07%
NXRT	D	0.07%
EXC	C	0.07%
HPE	B	0.07%
WMB	A	0.07%
ANET	A	0.07%
EL	D	0.07%
F	D	0.07%
SMFG	D	0.07%
SLB	D	0.07%
STX	C	0.07%
WDC	C	0.07%
CHD	D	0.07%
LRCX	D	0.07%
PLTR	A	0.07%
AON	A	0.07%
VRTX	D	0.07%
STT	A	0.07%
FE	C	0.07%
VGR	B	0.07%
DOW	B	0.07%
CRWD	D	0.07%
SO	A	0.07%
MU	D	0.07%
TSN	D	0.07%
STLA	F	0.06%
LYG	C	0.06%
TMUS	A	0.06%
EQR	C	0.06%
MDLZ	D	0.06%
GIS	C	0.06%
BCS	B	0.06%
BAX	D	0.06%
DEA	D	0.06%
FTV	C	0.06%
JNPR	C	0.06%
CDNS	D	0.06%
MRO	B	0.06%
CARR	A	0.06%
NMR	F	0.05%
VLTO	A	0.05%
HAL	D	0.05%
GOOD	A	0.05%
BEN	F	0.05%
TTD	A	0.05%
FCX	B	0.05%
FOXA	B	0.05%
OXY	D	0.05%
DOC	C	0.05%
GEV	A	0.05%
E	C	0.05%
KLAC	B	0.05%
MOD	B	0.05%
PSX	D	0.05%
CAG	D	0.05%
BX	C	0.05%
VRT	B	0.05%
MFG	B	0.05%
LNTH	C	0.04%
LW	D	0.04%
COIN	F	0.04%
TPR	B	0.04%
SE	B	0.04%
ALLE	A	0.04%
AXON	A	0.04%
TMDX	D	0.04%
FI	A	0.04%
MRVL	C	0.04%
LVS	B	0.04%
ABNB	D	0.04%
SNPS	F	0.04%
OTIS	A	0.04%
NEM	C	0.04%
DLTR	F	0.04%
EQIX	C	0.04%
SYF	A	0.04%
SQ	D	0.03%
IFF	D	0.03%
LNW	F	0.03%
AXNX	A	0.03%
MSTR	B	0.03%
KMI	A	0.03%
APP	A	0.03%
HOV	D	0.03%
RCL	B	0.03%
NET	D	0.03%
TAC	A	0.03%
HCA	C	0.03%
DASH	A	0.03%
TBBK	A	0.03%
BRSP	D	0.03%
SNOW	F	0.03%
HMC	D	0.03%
MPWR	B	0.03%
AA	B	0.03%
LDOS	A	0.03%
SHW	C	0.03%
DX	D	0.03%
KVUE	C	0.03%
VEEV	C	0.02%
BLDR	C	0.02%
NUE	D	0.02%
TDG	A	0.02%
ACEL	C	0.02%
PINS	D	0.02%
GRBK	C	0.02%
RBLX	D	0.02%
HUBS	D	0.02%
MCO	D	0.02%
TTGT	F	0.02%
ZM	B	0.02%
PARA	F	0.02%
DYN	D	0.02%
AIV	D	0.02%
AZEK	D	0.02%
LULU	D	0.02%
ZS	F	0.02%
SKY	C	0.02%
AHH	F	0.02%
CHCT	F	0.02%
TEAM	D	0.02%
CFG	C	0.02%
WBD	F	0.02%
MDB	D	0.02%
URI	C	0.02%
MOS	F	0.02%
CHX	C	0.02%
FSLR	C	0.02%
DKNG	C	0.02%
DELL	C	0.02%
CF	A	0.02%
FICO	C	0.02%
QTWO	B	0.02%
WTTR	B	0.02%
ADMA	A	0.02%
GOLD	C	0.02%
SMCI	F	0.02%
CVNA	A	0.02%
HIMS	C	0.02%
ITCI	D	0.02%
WDAY	D	0.02%
BKR	B	0.02%
IIPR	C	0.02%
FTNT	A	0.02%
FTI	B	0.02%
MT	B	0.02%
MRNA	F	0.02%
DDOG	B	0.02%
GEHC	C	0.02%
VERV	F	0.01%
DT	B	0.01%
VMEO	C	0.01%
FATE	F	0.01%
RLAY	F	0.01%
EDIT	F	0.01%
NR	F	0.01%
M	D	0.01%
WSR	C	0.01%
LAZR	F	0.01%
CMPR	F	0.01%
JBI	F	0.01%
VICR	C	0.01%
CCO	C	0.01%
LASR	F	0.01%
GTLB	D	0.01%
CHPT	F	0.01%
USLM	C	0.01%
ACMR	D	0.01%
FLNC	C	0.01%
JELD	D	0.01%
PIXY	F	0.01%
OGN	F	0.01%
CDE	C	0.01%
DXC	C	0.01%
QS	F	0.01%
AUPH	C	0.01%
GATO	B	0.01%
PTEN	F	0.01%
CCB	B	0.01%
PACB	D	0.01%
KOP	F	0.01%
ITRI	C	0.01%
VKTX	C	0.01%
COHR	B	0.01%
OPEN	F	0.01%
LCID	F	0.01%
IDXX	D	0.01%
PACK	F	0.01%
NOV	F	0.01%
LIND	C	0.01%
GNRC	B	0.01%
BTU	B	0.01%
PNR	C	0.01%
KYMR	D	0.01%
BLFS	D	0.01%
TGI	F	0.01%
EXPI	C	0.01%
IMVT	D	0.01%
DLR	C	0.01%
BCRX	D	0.01%
EVH	D	0.01%
KD	D	0.01%
FBK	B	0.01%
FRO	B	0.01%
RLX	D	0.01%
BOOT	B	0.01%
SLP	F	0.01%
AMSC	C	0.01%
SMAR	A	0.01%
MCB	B	0.01%
JKS	C	0.01%
DOCS	A	0.01%
PCH	C	0.01%
ALEX	D	0.01%
XPO	F	0.01%
PAY	D	0.01%
IDYA	F	0.01%
ASPN	C	0.01%
UPST	C	0.01%
PEN	D	0.01%
MDGL	F	0.01%
BLBD	D	0.01%
ULH	B	0.01%
RUN	D	0.01%
W	C	0.01%
RCUS	D	0.01%
CLSK	F	0.01%
CELH	F	0.01%
CENX	C	0.01%
YETI	C	0.01%
MGNI	D	0.01%
PRTA	F	0.01%
CASH	C	0.01%
OMI	F	0.01%
NXPI	F	0.01%
OSW	B	0.01%
PTCT	C	0.01%
SRPT	F	0.01%
BBWI	F	0.01%
EFC	D	0.01%
CLNE	C	0.01%
PTON	C	0.01%
PNTG	C	0.01%
TTI	D	0.01%
MCRI	B	0.01%
ALGN	D	0.01%
AGNC	B	0.01%
LUMN	C	0.01%
U	D	0.01%
CYH	C	0.01%
GSAT	F	0.01%
LWLG	F	0.01%
CLDX	F	0.01%
DOCU	A	0.01%
RNA	B	0.01%
INMD	F	0.01%
CZR	B	0.01%
VSTO	B	0.01%
COLL	A	0.01%
HASI	B	0.01%
ADSK	B	0.01%
TWLO	B	0.01%
RVLV	C	0.01%
PHR	F	0.01%
NBR	D	0.01%
LOB	B	0.01%
ALNY	C	0.01%
FUTU	A	0.01%
AAON	A	0.01%
MARA	F	0.01%
SOFI	C	0.01%
FOUR	A	0.01%
Z	C	0.01%
TREX	D	0.01%
BZH	C	0.01%
INTA	C	0.01%
SEMR	C	0.01%
DH	F	0.01%
CPRX	C	0.01%
SQ	D	0.01%
MNDY	B	0.01%
OKTA	F	0.01%
EXPE	B	0.01%
AUR	C	0.01%
ALB	D	0.01%
SDGR	F	0.01%
RDNT	C	0.01%
MRC	D	0.01%
ROKU	C	0.01%
BHF	D	0.01%
GME	D	0.01%
CLDT	D	0.01%
CLBT	B	0.01%
LBRDK	C	0.01%
THR	F	0.01%
HSTM	B	0.01%
MBIN	C	0.01%
CROX	C	0.01%
GMS	B	0.01%
AES	C	0.01%
ARWR	F	0.01%
ENS	B	0.01%
EXAS	C	0.01%
PBF	F	0.01%
TWST	D	0.01%
TDOC	D	0.01%
RDFN	C	0.01%
FIS	A	0.01%
APA	F	0.01%
EPAM	F	0.01%
AKRO	D	0.01%
CCS	C	0.01%
FLNG	B	0.01%
VNT	F	0.01%
RKLB	B	0.01%
DVAX	F	0.01%
TOST	B	0.01%
RIVN	F	0.01%
VERX	B	0.01%
NWSA	D	0.01%
GERN	D	0.01%
SNAP	D	0.01%
TREE	C	0.01%
POWL	B	0.01%
ILMN	B	0.01%
ZETA	B	0.01%
VTRS	D	0.01%
MATX	C	0.01%
KEX	C	0.01%
KOS	F	0.01%
ORA	C	0.01%
BBIO	F	0.01%
PLAY	D	0.01%
IMXI	F	0.01%
APH	D	0.01%
TGTX	D	0.01%
MHO	C	0.01%
ABR	C	0.01%
MTDR	D	0.01%
CNH	C	0.01%
DDD	D	0.01%
COMP	C	0.01%
RYTM	C	0.01%
AFRM	C	0.01%
SOLV	C	0.01%
KSS	D	0.01%
PLMR	A	0.01%
EPRT	C	0.01%
ENPH	F	0.01%
DVN	F	0.01%
GMRE	C	0.01%
ALLY	F	0.01%
TEVA	D	0.01%
AGYS	D	0.01%
INSP	C	0.01%
ON	F	0.01%
WBA	F	0.01%
DXCM	F	0.01%
ICE	A	0.01%
OII	D	0.01%
CCL	C	0.01%
KRYS	D	0.0%
SMWB	C	0.0%
SCLX	F	0.0%
JOBY	C	0.0%
JAMF	F	0.0%
OEC	F	0.0%
AGL	F	0.0%
MP	C	0.0%
TH	F	0.0%
BMBL	F	0.0%
FLWS	F	0.0%
CRCT	C	0.0%
CGEM	F	0.0%
DAN	D	0.0%
FNA	F	0.0%
WOLF	F	0.0%
OVV	D	0.0%
ZEUS	F	0.0%
BOC	D	0.0%
MLCO	C	0.0%
SNCY	F	0.0%
TPB	C	0.0%
DENN	D	0.0%
SPRY	C	0.0%
KE	F	0.0%
MLNK	F	0.0%
SHEN	F	0.0%
PKST	D	0.0%
ASTH	B	0.0%
PRVA	F	0.0%
HDSN	F	0.0%
LGIH	C	0.0%
KRNT	A	0.0%
LSCC	D	0.0%
MXL	D	0.0%
OLO	F	0.0%
FLGT	F	0.0%
EYE	F	0.0%
TMCI	F	0.0%
SAGE	F	0.0%
DJT	F	0.0%
PUMP	D	0.0%
ORLA	B	0.0%
VIR	F	0.0%
CEVA	B	0.0%
PD	F	0.0%
CTKB	F	0.0%
FSBC	C	0.0%
MGPI	F	0.0%
ITOS	F	0.0%
CHRD	F	0.0%
PFC	D	0.0%
GRPN	F	0.0%
PARR	F	0.0%
REPL	C	0.0%
FIGS	C	0.0%
OLPX	C	0.0%
MRVI	F	0.0%
RGNX	F	0.0%
SEDG	F	0.0%
IRTC	F	0.0%
APTV	D	0.0%
CRSR	D	0.0%
RENB	F	0.0%
GOGO	F	0.0%
ZUO	F	0.0%
XPOF	F	0.0%
MDXG	F	0.0%
HAE	F	0.0%
HE	F	0.0%
ATEC	F	0.0%
KRUS	D	0.0%
ETNB	F	0.0%
CNDT	B	0.0%
NABL	F	0.0%
SWBI	F	0.0%
HOG	D	0.0%
ICHR	D	0.0%
ELVN	A	0.0%
BROS	F	0.0%
MAT	B	0.0%
HUMA	F	0.0%
MAX	C	0.0%
NCNO	F	0.0%
RIG	F	0.0%
LPRO	D	0.0%
LYEL	F	0.0%
APPN	C	0.0%
SAVA	D	0.0%
CECO	D	0.0%
CXM	F	0.0%
APLS	F	0.0%
SGRY	C	0.0%
OLMA	F	0.0%
LAND	D	0.0%
CEIX	B	0.0%
CUBI	F	0.0%
MBAVU	C	0.0%
COTY	F	0.0%
DNOW	F	0.0%
IBP	C	0.0%
LMND	F	0.0%
PDFS	F	0.0%
HURN	D	0.0%
SM	D	0.0%
THO	C	0.0%
XHR	A	0.0%
NARI	F	0.0%
THRM	F	0.0%
SVC	D	0.0%
NEXT	F	0.0%
TLRY	F	0.0%
NMIH	B	0.0%
LESL	F	0.0%
QTRX	F	0.0%
ULCC	C	0.0%
PUBM	F	0.0%
ATEN	B	0.0%
IDT	C	0.0%
CALX	C	0.0%
PRO	F	0.0%
DGII	B	0.0%
SHLS	F	0.0%
RXST	F	0.0%
SHC	C	0.0%
GKOS	B	0.0%
ENIC	D	0.0%
ADUS	D	0.0%
TASK	F	0.0%
ESTA	D	0.0%
GH	F	0.0%
LILAK	D	0.0%
UVV	D	0.0%
HAYN	B	0.0%
AOSL	D	0.0%
ATRO	D	0.0%
KRNY	C	0.0%
EB	F	0.0%
CLF	D	0.0%
XPRO	F	0.0%
S	C	0.0%
MQ	F	0.0%
SIBN	F	0.0%
UCTT	D	0.0%
MERC	D	0.0%
CHEF	C	0.0%
DBI	F	0.0%
SOUN	F	0.0%
YMAB	C	0.0%
PENN	D	0.0%
CFLT	F	0.0%
HRI	B	0.0%
FVRR	D	0.0%
HAYW	C	0.0%
FDMT	F	0.0%
ARLO	F	0.0%
SABR	C	0.0%
AMRC	C	0.0%
ALHC	C	0.0%
FIVN	F	0.0%
IOVA	D	0.0%
TITN	F	0.0%
RRC	D	0.0%
ARQT	D	0.0%
MNTK	D	0.0%
FIZZ	F	0.0%
EGBN	C	0.0%
SITM	A	0.0%
EYPT	F	0.0%
GLBE	C	0.0%
IAS	F	0.0%
VCYT	C	0.0%
ENVA	B	0.0%
YOU	C	0.0%
SKE	C	0.0%
ORIC	F	0.0%
BHB	D	0.0%
NVCR	F	0.0%
EMBC	F	0.0%
STAA	D	0.0%
AR	C	0.0%
NNDM	C	0.0%
FRSH	F	0.0%
METC	D	0.0%
CYTK	D	0.0%
DHI	C	0.0%
VSCO	C	0.0%
NVRI	D	0.0%
VZIO	A	0.0%
NEOG	F	0.0%
CYRX	F	0.0%
IIIV	D	0.0%
WGO	D	0.0%
STOK	D	0.0%
HL	C	0.0%
ZI	F	0.0%
AMRK	C	0.0%
MTW	F	0.0%
BIGC	F	0.0%
OSPN	D	0.0%
BRBR	A	0.0%
SIGA	F	0.0%
AX	D	0.0%
ARRY	F	0.0%
ALT	F	0.0%
ARDX	D	0.0%
FSLY	D	0.0%
GRAB	C	0.0%
LXRX	F	0.0%
CDMO	D	0.0%
AVNS	D	0.0%
SQSP	A	0.0%
AMC	F	0.0%
RVNC	F	0.0%
GNK	D	0.0%
NX	F	0.0%
BEAM	F	0.0%
BXC	D	0.0%
LMB	B	0.0%
NTRA	A	0.0%
RVMD	B	0.0%
CRMT	F	0.0%
PODD	C	0.0%
JANX	C	0.0%
FC	C	0.0%
GXO	D	0.0%
FROG	F	0.0%
CNC	F	0.0%
APPF	C	0.0%
INDI	F	0.0%
EWCZ	F	0.0%
TRUP	B	0.0%
UNIT	B	0.0%
CDNA	B	0.0%
ADNT	F	0.0%
DIN	D	0.0%
GDOT	C	0.0%
QNST	C	0.0%
PCVX	C	0.0%
CCBG	D	0.0%
UEC	C	0.0%
IAG	C	0.0%
YEXT	B	0.0%
MEG	F	0.0%
BRZE	F	0.0%
SMR	C	0.0%
WRBY	B	0.0%
SNDX	F	0.0%
INN	A	0.0%
ESTC	F	0.0%
ACHR	F	0.0%
AXSM	D	0.0%
FUBO	F	0.0%
RKT	D	0.0%
DHC	C	0.0%
ATUS	C	0.0%
ERAS	D	0.0%
KIM	C	0.0%
BURL	C	0.0%
WOOF	B	0.0%
NTLA	F	0.0%
ATKR	F	0.0%
ELF	F	0.0%
TNDM	D	0.0%
DUOL	B	0.0%
TTWO	D	0.0%
WULF	C	0.0%
PL	D	0.0%
NUVB	F	0.0%
GDRX	F	0.0%
LYFT	D	0.0%
REZI	D	0.0%
UWMC	D	0.0%
CSTL	B	0.0%
SAM	D	0.0%
XMTR	F	0.0%
UPWK	D	0.0%
VVI	B	0.0%
TRNS	D	0.0%
HST	D	0.0%
TELL	B	0.0%
RNG	F	0.0%
SANA	F	0.0%
PCG	C	0.0%
KHC	F	0.0%
DFH	C	0.0%
CASS	F	0.0%
PAR	D	0.0%
AMPS	F	0.0%
NCLH	C	0.0%
INSW	B	0.0%
DCO	B	0.0%
RXRX	F	0.0%
PLPC	D	0.0%
KC	C	0.0%
MTCH	B	0.0%
IBUY	A	0.0%
SPT	F	0.0%
ETSY	F	0.0%
VRNS	B	0.0%
ARVN	F	0.0%
KLG	F	0.0%
ALEC	F	0.0%
PFSI	C	0.0%
ENFN	C	0.0%
CLOV	B	0.0%
IIIN	F	0.0%
LSPD	C	0.0%
TXG	F	0.0%
ARCT	D	0.0%
MNMD	F	0.0%
VPG	F	0.0%
REPX	C	0.0%
RLJ	D	0.0%
LEU	A	0.0%
ACVA	C	0.0%
NSSC	F	0.0%
ANF	D	0.0%
EQT	C	0.0%
CERT	F	0.0%
CSGP	F	0.0%
NUVL	B	0.0%
PRG	C	0.0%
HSII	D	0.0%
HCP	A	0.0%
PGC	B	0.0%
OSCR	C	0.0%
SPR	D	0.0%
RAMP	F	0.0%
ASAN	F	0.0%
CHGX	A	0.0%
DOCN	B	0.0%
RCKT	F	0.0%
RPAY	F	0.0%
LC	D	0.0%
SITE	D	0.0%
HEES	D	0.0%
FLYW	F	0.0%
BLND	C	0.0%
ACLS	F	0.0%
PTGX	C	0.0%
BJRI	B	0.0%
CIFR	C	0.0%
DMRC	D	0.0%
PRCT	D	0.0%
RGEN	F	0.0%
CARS	F	0.0%
GPN	F	0.0%
CC	D	0.0%
AMG	B	0.0%
VRDN	B	0.0%
NVT	C	0.0%
WRLD	F	0.0%
EXTR	D	0.0%
PATH	D	0.0%
EVRI	A	0.0%
PETQ	A	0.0%
BASE	F	0.0%
CTLP	B	0.0%
VITL	C	0.0%
NVAX	C	0.0%
NEO	F	0.0%
BYND	D	0.0%
EA	D	0.0%
SONO	F	0.0%
WIX	D	0.0%
DRH	B	0.0%
PLAB	D	0.0%
BE	F	0.0%
ROCK	D	0.0%
ZLAB	C	0.0%
NPAB	D	0.0%
WEAV	B	0.0%
AI	D	0.0%
PHAT	C	0.0%
NRIX	D	0.0%
ALLO	D	0.0%
PLUG	D	0.0%
ODFL	F	0.0%
PCT	C	0.0%
REG	C	0.0%
SRRK	F	0.0%
BILL	D	0.0%
ALKT	D	0.0%
GDYN	B	0.0%
MITK	F	0.0%
AAOI	C	0.0%
ENVX	D	0.0%
RIOT	F	0.0%
NOVA	F	0.0%
ELAN	D	0.0%
AMR	F	0.0%
KREF	C	0.0%
LEGH	D	0.0%
APLD	C	0.0%

SPGM Underweight 63 Positions Relative to AVEM

Symbol	Grade	Weight
NTES	B	-0.61%
ASX	D	-0.28%
ZTO	B	-0.25%
CPNG	C	-0.21%
GFI	C	-0.19%
BAP	A	-0.17%
HMY	D	-0.15%
FMX	F	-0.14%
TLK	D	-0.12%
PAC	C	-0.1%
SUZ	D	-0.1%
UGP	F	-0.09%
CX	F	-0.09%
SBS	D	-0.09%
OMAB	D	-0.08%
ASR	D	-0.08%
ASAI	F	-0.07%
SBSW	C	-0.07%
LPL	D	-0.06%
BRFS	D	-0.06%
STNE	F	-0.06%
TKC	F	-0.06%
BSAC	D	-0.05%
SSL	F	-0.05%
FINV	A	-0.05%
BCH	D	-0.05%
SGRP	C	-0.04%
EC	F	-0.04%
WB	B	-0.04%
KT	C	-0.04%
EBR	F	-0.04%
ASAI	F	-0.03%
PAGS	F	-0.03%
JD	A	-0.03%
TV	D	-0.03%
BSBR	F	-0.03%
CSAN	D	-0.02%
VLRS	D	-0.02%
XP	F	-0.02%
SKM	C	-0.02%
ELP	F	-0.02%
LX	C	-0.01%
IMOS	D	-0.01%
BAK	D	-0.01%
IFS	B	-0.01%
NOAH	B	-0.01%
VIV	C	-0.01%
CCU	D	-0.01%
SOHU	A	-0.01%
ATAT	A	-0.01%
XYF	B	-0.0%
CANG	B	-0.0%
DAO	B	-0.0%
CAAS	B	-0.0%
NIU	B	-0.0%
SHPH	F	-0.0%
QD	B	-0.0%
API	C	-0.0%
GOTU	D	-0.0%
AZUL	F	-0.0%
PAX	F	-0.0%
PDSB	D	-0.0%
GRIN	A	-0.0%