SPGM vs. BBUS ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to JPMorgan BetaBuilders U.S. Equity ETF (BBUS)

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

$65.07

Average Daily Volume

53,522

Number of Holdings ^*

1002

* may have additional holdings in another (foreign) market

BBUS

JPMorgan BetaBuilders U.S. Equity ETF

BBUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$108.07

Average Daily Volume

116,071

Number of Holdings ^*

543

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	BBUS
30 Days	0.22%	3.23%
60 Days	3.58%	6.92%
90 Days	7.01%	10.49%
12 Months	29.90%	38.06%

322 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in BBUS	Overlap
A	F	0.21%	0.08%	0.08%
AAPL	D	3.64%	6.36%	3.64%
ABBV	D	0.19%	0.71%	0.19%
ABBV	D	0.43%	0.71%	0.43%
ABNB	C	0.05%	0.12%	0.05%
ABT	B	0.34%	0.41%	0.34%
ACN	C	0.28%	0.43%	0.28%
ADBE	C	0.33%	0.43%	0.33%
ADI	D	0.17%	0.21%	0.17%
ADM	F	0.08%	0.05%	0.05%
ADP	A	0.23%	0.24%	0.23%
ADSK	B	0.01%	0.12%	0.01%
AEP	D	0.16%	0.11%	0.11%
AES	F	0.01%	0.02%	0.01%
AFL	C	0.25%	0.11%	0.11%
ALB	C	0.01%	0.02%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALL	A	0.15%	0.1%	0.1%
ALLE	D	0.04%	0.02%	0.02%
ALNY	D	0.01%	0.07%	0.01%
AMAT	F	0.26%	0.31%	0.26%
AMD	F	0.24%	0.45%	0.24%
AMGN	F	0.23%	0.34%	0.23%
AMT	F	0.16%	0.2%	0.16%
AMZN	B	2.14%	3.75%	2.14%
ANET	C	0.08%	0.21%	0.08%
AON	A	0.08%	0.16%	0.08%
APA	F	0.01%	0.02%	0.01%
APD	B	0.08%	0.14%	0.08%
APH	B	0.01%	0.17%	0.01%
APTV	F	0.0%	0.03%	0.0%
AVGO	B	0.93%	1.58%	0.93%
AXON	B	0.04%	0.06%	0.04%
AXP	B	0.37%	0.31%	0.31%
BA	F	0.11%	0.18%	0.11%
BAC	A	0.5%	0.56%	0.5%
BAX	F	0.06%	0.04%	0.04%
BDX	D	0.17%	0.14%	0.14%
BEN	C	0.05%	0.01%	0.01%
BIIB	F	0.07%	0.05%	0.05%
BK	B	0.19%	0.11%	0.11%
BKNG	A	0.31%	0.33%	0.31%
BKR	B	0.03%	0.08%	0.03%
BLDR	D	0.01%	0.04%	0.01%
BMY	B	0.14%	0.23%	0.14%
BRK.A	C	0.71%	1.59%	0.71%
BSX	A	0.14%	0.25%	0.14%
BURL	C	0.0%	0.03%	0.0%
BX	B	0.06%	0.24%	0.06%
C	B	0.26%	0.24%	0.24%
CAG	F	0.05%	0.03%	0.03%
CARR	D	0.06%	0.12%	0.06%
CAT	B	0.32%	0.37%	0.32%
CB	D	0.26%	0.21%	0.21%
CCL	A	0.02%	0.04%	0.02%
CDNS	B	0.07%	0.16%	0.07%
CEG	D	0.13%	0.15%	0.13%
CF	B	0.02%	0.03%	0.02%
CFG	B	0.02%	0.04%	0.02%
CHD	B	0.07%	0.05%	0.05%
CHTR	B	0.11%	0.07%	0.07%
CI	D	0.07%	0.18%	0.07%
CL	F	0.12%	0.15%	0.12%
CLX	B	0.12%	0.04%	0.04%
CMCSA	B	0.19%	0.33%	0.19%
CME	B	0.09%	0.16%	0.09%
CMG	B	0.1%	0.15%	0.1%
CMI	B	0.25%	0.1%	0.1%
CNC	F	0.0%	0.07%	0.0%
CNH	D	0.01%	0.02%	0.01%
COF	B	0.15%	0.13%	0.13%
COIN	B	0.05%	0.08%	0.05%
COP	C	0.18%	0.25%	0.18%
COST	B	0.55%	0.78%	0.55%
CRM	B	0.46%	0.55%	0.46%
CRWD	B	0.08%	0.14%	0.08%
CSCO	A	0.35%	0.45%	0.35%
CSGP	D	0.0%	0.06%	0.0%
CSX	B	0.2%	0.13%	0.13%
CTSH	A	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.09%	0.08%
CVS	F	0.14%	0.14%	0.14%
CVX	B	0.34%	0.52%	0.34%
DASH	A	0.03%	0.1%	0.03%
DD	D	0.08%	0.07%	0.07%
DDOG	C	0.03%	0.07%	0.03%
DE	D	0.18%	0.2%	0.18%
DELL	C	0.02%	0.07%	0.02%
DFS	B	0.21%	0.08%	0.08%
DHI	D	0.0%	0.1%	0.0%
DHR	F	0.3%	0.32%	0.3%
DIS	C	0.25%	0.35%	0.25%
DLR	B	0.01%	0.12%	0.01%
DLTR	F	0.04%	0.03%	0.03%
DOC	C	0.05%	0.03%	0.03%
DOCU	A	0.01%	0.03%	0.01%
DOW	F	0.06%	0.07%	0.06%
DT	C	0.01%	0.03%	0.01%
DUK	D	0.1%	0.17%	0.1%
DVN	F	0.01%	0.05%	0.01%
DXCM	C	0.02%	0.05%	0.02%
EA	A	0.0%	0.08%	0.0%
EBAY	D	0.1%	0.06%	0.06%
ECL	D	0.14%	0.12%	0.12%
EIX	D	0.11%	0.06%	0.06%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.18%	0.19%	0.18%
EMR	A	0.2%	0.13%	0.13%
ENPH	F	0.01%	0.02%	0.01%
EOG	B	0.15%	0.14%	0.14%
EPAM	C	0.01%	0.02%	0.01%
EQIX	C	0.04%	0.17%	0.04%
EQR	D	0.06%	0.05%	0.05%
EQT	A	0.0%	0.04%	0.0%
ETN	A	0.23%	0.27%	0.23%
EXAS	F	0.01%	0.03%	0.01%
EXC	D	0.06%	0.08%	0.06%
EXPE	B	0.01%	0.04%	0.01%
F	C	0.07%	0.08%	0.07%
FAST	B	0.14%	0.09%	0.09%
FCX	F	0.04%	0.13%	0.04%
FDX	B	0.17%	0.12%	0.12%
FE	D	0.07%	0.04%	0.04%
FI	A	0.05%	0.23%	0.05%
FICO	A	0.02%	0.1%	0.02%
FIS	C	0.01%	0.1%	0.01%
FOXA	A	0.05%	0.02%	0.02%
FSLR	F	0.02%	0.04%	0.02%
FTNT	A	0.02%	0.1%	0.02%
FTV	D	0.06%	0.05%	0.05%
GD	A	0.24%	0.15%	0.15%
GE	C	0.14%	0.38%	0.14%
GEHC	D	0.02%	0.07%	0.02%
GEV	B	0.07%	0.17%	0.07%
GILD	B	0.19%	0.22%	0.19%
GIS	F	0.05%	0.08%	0.05%
GLW	B	0.15%	0.07%	0.07%
GM	B	0.09%	0.12%	0.09%
GOOG	B	1.11%	1.77%	1.11%
GOOGL	B	1.11%	1.98%	1.11%
GPN	B	0.0%	0.05%	0.0%
GS	B	0.37%	0.34%	0.34%
HAL	D	0.05%	0.05%	0.05%
HCA	D	0.02%	0.14%	0.02%
HD	B	0.53%	0.79%	0.53%
HES	C	0.11%	0.08%	0.08%
HON	B	0.2%	0.27%	0.2%
HPE	B	0.07%	0.05%	0.05%
HPQ	B	0.11%	0.07%	0.07%
HST	C	0.0%	0.02%	0.0%
HSY	D	0.12%	0.05%	0.05%
HUBS	A	0.02%	0.06%	0.02%
IBM	D	0.28%	0.38%	0.28%
ICE	D	0.1%	0.18%	0.1%
IDXX	D	0.0%	0.07%	0.0%
IFF	F	0.02%	0.05%	0.02%
ILMN	C	0.01%	0.05%	0.01%
INTC	C	0.14%	0.2%	0.14%
INTU	A	0.35%	0.34%	0.34%
IR	A	0.13%	0.08%	0.08%
ISRG	A	0.17%	0.36%	0.17%
ITW	B	0.14%	0.16%	0.14%
JCI	B	0.17%	0.1%	0.1%
JNJ	F	0.4%	0.76%	0.4%
JNPR	C	0.06%	0.03%	0.03%
JPM	B	0.95%	1.25%	0.95%
K	A	0.06%	0.04%	0.04%
KEYS	B	0.13%	0.05%	0.05%
KHC	F	0.0%	0.06%	0.0%
KIM	B	0.0%	0.03%	0.0%
KKR	B	0.11%	0.18%	0.11%
KLAC	F	0.04%	0.18%	0.04%
KMB	F	0.11%	0.09%	0.09%
KMI	A	0.03%	0.1%	0.03%
KO	F	0.29%	0.51%	0.29%
KVUE	A	0.03%	0.08%	0.03%
LDOS	A	0.04%	0.05%	0.04%
LIN	D	0.33%	0.43%	0.33%
LLY	D	0.71%	1.35%	0.71%
LMT	D	0.25%	0.23%	0.23%
LOW	B	0.3%	0.3%	0.3%
LRCX	F	0.07%	0.2%	0.07%
LULU	C	0.02%	0.07%	0.02%
LVS	C	0.04%	0.04%	0.04%
LW	C	0.04%	0.02%	0.02%
LYB	F	0.07%	0.04%	0.04%
MA	A	0.43%	0.82%	0.43%
MCD	D	0.23%	0.43%	0.23%
MCK	B	0.22%	0.14%	0.14%
MCO	C	0.02%	0.15%	0.02%
MDB	C	0.02%	0.04%	0.02%
MDLZ	F	0.05%	0.18%	0.05%
MDT	D	0.23%	0.23%	0.23%
MELI	D	0.11%	0.2%	0.11%
MET	C	0.2%	0.09%	0.09%
META	B	1.45%	2.49%	1.45%
MKC	D	0.11%	0.04%	0.04%
MMC	C	0.17%	0.22%	0.17%
MMM	D	0.11%	0.14%	0.11%
MO	A	0.09%	0.18%	0.09%
MOS	D	0.02%	0.02%	0.02%
MPC	D	0.16%	0.1%	0.1%
MPWR	F	0.03%	0.07%	0.03%
MRK	F	0.32%	0.51%	0.32%
MRNA	F	0.02%	0.04%	0.02%
MRO	B	0.07%	0.03%	0.03%
MRVL	B	0.05%	0.15%	0.05%
MS	A	0.31%	0.29%	0.29%
MSFT	C	3.34%	6.07%	3.34%
MTB	B	0.13%	0.06%	0.06%
MU	C	0.08%	0.23%	0.08%
NEE	D	0.24%	0.32%	0.24%
NEM	F	0.04%	0.11%	0.04%
NET	C	0.03%	0.05%	0.03%
NFLX	A	0.35%	0.65%	0.35%
NKE	F	0.18%	0.18%	0.18%
NOC	C	0.17%	0.15%	0.15%
NOW	A	0.15%	0.4%	0.15%
NSC	B	0.17%	0.11%	0.11%
NTAP	C	0.1%	0.05%	0.05%
NUE	C	0.02%	0.07%	0.02%
NVDA	A	4.05%	6.59%	4.05%
NWSA	B	0.01%	0.02%	0.01%
NXPI	F	0.01%	0.11%	0.01%
ODFL	B	0.01%	0.08%	0.01%
OKTA	C	0.01%	0.02%	0.01%
ON	D	0.01%	0.06%	0.01%
ORCL	A	0.42%	0.55%	0.42%
ORLY	A	0.22%	0.13%	0.13%
OTIS	D	0.04%	0.08%	0.04%
OXY	F	0.05%	0.06%	0.05%
PANW	A	0.11%	0.23%	0.11%
PCG	A	0.0%	0.08%	0.0%
PEG	D	0.14%	0.08%	0.08%
PEP	F	0.26%	0.46%	0.26%
PFE	F	0.19%	0.32%	0.19%
PG	D	0.45%	0.78%	0.45%
PGR	B	0.17%	0.29%	0.17%
PH	B	0.17%	0.17%	0.17%
PINS	D	0.02%	0.04%	0.02%
PLD	F	0.22%	0.21%	0.21%
PLTR	B	0.11%	0.2%	0.11%
PM	C	0.2%	0.41%	0.2%
PNC	A	0.16%	0.15%	0.15%
PNR	B	0.01%	0.03%	0.01%
PODD	B	0.0%	0.03%	0.0%
PPL	A	0.08%	0.05%	0.05%
PRU	B	0.15%	0.09%	0.09%
PSA	D	0.21%	0.11%	0.11%
PSX	D	0.05%	0.1%	0.05%
PYPL	B	0.14%	0.16%	0.14%
QCOM	F	0.28%	0.37%	0.28%
RBLX	A	0.02%	0.05%	0.02%
RCL	A	0.03%	0.1%	0.03%
REG	B	0.0%	0.02%	0.0%
REGN	F	0.1%	0.17%	0.1%
ROST	F	0.17%	0.09%	0.09%
RTX	C	0.33%	0.31%	0.31%
SBUX	B	0.19%	0.22%	0.19%
SCCO	D	0.01%	0.02%	0.01%
SCHW	A	0.16%	0.2%	0.16%
SHW	B	0.03%	0.18%	0.03%
SJM	F	0.07%	0.02%	0.02%
SLB	D	0.07%	0.11%	0.07%
SMCI	F	0.01%	0.03%	0.01%
SNAP	C	0.01%	0.03%	0.01%
SNOW	C	0.03%	0.08%	0.03%
SNPS	B	0.05%	0.16%	0.05%
SO	D	0.07%	0.19%	0.07%
SPG	B	0.14%	0.11%	0.11%
SPGI	D	0.23%	0.3%	0.23%
SQ	A	0.01%	0.08%	0.01%
SQ	A	0.03%	0.08%	0.03%
STT	B	0.08%	0.06%	0.06%
STX	D	0.07%	0.04%	0.04%
SYF	B	0.06%	0.05%	0.05%
SYK	A	0.19%	0.26%	0.19%
SYY	B	0.12%	0.08%	0.08%
T	C	0.21%	0.31%	0.21%
TDG	B	0.02%	0.15%	0.02%
TEAM	B	0.03%	0.07%	0.03%
TGT	C	0.12%	0.14%	0.12%
TJX	B	0.33%	0.26%	0.26%
TMO	F	0.41%	0.42%	0.41%
TMUS	A	0.06%	0.22%	0.06%
TRV	B	0.2%	0.11%	0.11%
TSLA	B	0.89%	1.39%	0.89%
TSN	C	0.07%	0.03%	0.03%
TT	A	0.18%	0.17%	0.17%
TTD	A	0.05%	0.11%	0.05%
TTWO	A	0.0%	0.05%	0.0%
TWLO	B	0.01%	0.03%	0.01%
TXN	B	0.39%	0.37%	0.37%
U	D	0.01%	0.01%	0.01%
UBER	F	0.13%	0.3%	0.13%
UNH	B	0.67%	1.04%	0.67%
UNP	D	0.27%	0.28%	0.27%
UPS	D	0.11%	0.19%	0.11%
URI	B	0.02%	0.11%	0.02%
USB	B	0.13%	0.15%	0.13%
V	A	0.68%	0.97%	0.68%
VEEV	B	0.02%	0.06%	0.02%
VLO	D	0.11%	0.08%	0.08%
VLTO	D	0.04%	0.05%	0.04%
VRT	B	0.07%	0.08%	0.07%
VRTX	B	0.08%	0.26%	0.08%
VTRS	B	0.01%	0.03%	0.01%
VZ	D	0.13%	0.34%	0.13%
WBA	D	0.01%	0.01%	0.01%
WBD	C	0.02%	0.04%	0.02%
WDAY	B	0.02%	0.1%	0.02%
WDC	D	0.07%	0.04%	0.04%
WFC	B	0.42%	0.43%	0.42%
WM	A	0.22%	0.16%	0.16%
WMB	A	0.08%	0.13%	0.08%
WMT	A	0.4%	0.72%	0.4%
XOM	B	0.68%	1.05%	0.68%
YUM	B	0.11%	0.08%	0.08%
Z	B	0.01%	0.02%	0.01%
ZM	A	0.02%	0.04%	0.02%
ZS	B	0.02%	0.03%	0.02%
ZTS	F	0.09%	0.16%	0.09%

SPGM Overweight 680 Positions Relative to BBUS

Symbol	Grade	Weight
TSM	C	1.01%
TM	D	0.26%
NVS	F	0.23%
SONY	C	0.21%
BABA	D	0.21%
HSBH	D	0.2%
IBN	C	0.18%
UL	D	0.17%
INFY	D	0.16%
MUFG	A	0.16%
CNI	F	0.13%
ROIC	A	0.12%
RDY	F	0.12%
SHOP	B	0.11%
TD	D	0.11%
CHRW	B	0.09%
UMH	C	0.09%
SMFG	B	0.08%
AZN	F	0.08%
TCOM	C	0.08%
CHT	D	0.08%
PDD	F	0.08%
DEO	F	0.07%
NXRT	C	0.07%
BCS	B	0.07%
HDB	C	0.07%
VALE	F	0.07%
UMC	F	0.06%
MFG	B	0.06%
DEA	D	0.06%
WIT	B	0.06%
NMR	B	0.05%
STLA	F	0.05%
MOD	C	0.05%
LYG	D	0.05%
GOOD	B	0.05%
ITUB	F	0.05%
PKX	F	0.05%
E	F	0.05%
MSTR	A	0.04%
AA	C	0.04%
TPR	B	0.04%
SE	B	0.04%
YUMC	B	0.04%
KB	C	0.04%
AXNX	A	0.03%
FTI	B	0.03%
HMC	F	0.03%
LNW	C	0.03%
ITCI	B	0.03%
WTTR	B	0.03%
TAC	C	0.03%
PBR	D	0.03%
BBD	F	0.03%
NU	B	0.03%
HIMS	B	0.03%
LNTH	F	0.03%
BIDU	F	0.03%
TBBK	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
DX	D	0.03%
APP	A	0.03%
INSP	D	0.02%
PLAY	C	0.02%
VERX	B	0.02%
AGYS	B	0.02%
ALLY	C	0.02%
ACEL	C	0.02%
RYTM	B	0.02%
DDD	C	0.02%
TAL	C	0.02%
AFRM	A	0.02%
SRRK	C	0.02%
GGB	C	0.02%
AIV	D	0.02%
AZEK	B	0.02%
OII	B	0.02%
SKY	C	0.02%
PARA	C	0.02%
POWL	B	0.02%
ABEV	D	0.02%
AHH	D	0.02%
DKNG	B	0.02%
CHCT	C	0.02%
TTGT	C	0.02%
GOLD	F	0.02%
TMDX	F	0.02%
CHX	D	0.02%
IIPR	F	0.02%
ADMA	B	0.02%
MT	C	0.02%
HOV	D	0.02%
BABA	D	0.02%
LI	D	0.02%
SHG	D	0.02%
QTWO	B	0.02%
W	F	0.01%
FRO	F	0.01%
BASE	C	0.01%
DMRC	C	0.01%
EVH	F	0.01%
CMPR	D	0.01%
WEAV	B	0.01%
PRCT	B	0.01%
XMTR	B	0.01%
MITK	C	0.01%
ALLO	D	0.01%
ACMR	D	0.01%
AI	C	0.01%
LAZR	C	0.01%
PGC	B	0.01%
CCO	C	0.01%
M	D	0.01%
NRIX	B	0.01%
TIGR	D	0.01%
CTLP	B	0.01%
WSR	A	0.01%
CLOV	C	0.01%
LC	A	0.01%
LEU	C	0.01%
NR	C	0.01%
AAOI	A	0.01%
PIXY	F	0.01%
DXC	B	0.01%
AUPH	B	0.01%
GDYN	B	0.01%
BILL	A	0.01%
GATO	C	0.01%
CYH	D	0.01%
ZLAB	C	0.01%
RLX	F	0.01%
KOP	D	0.01%
BLBD	F	0.01%
PHI	F	0.01%
KYMR	B	0.01%
EXPI	B	0.01%
PACK	C	0.01%
NOV	D	0.01%
VKTX	D	0.01%
SLP	D	0.01%
ALKT	C	0.01%
PCH	F	0.01%
BCRX	C	0.01%
OMI	F	0.01%
GTLB	C	0.01%
PTEN	D	0.01%
COHR	B	0.01%
SMAR	B	0.01%
KD	B	0.01%
DOCS	B	0.01%
BLFS	B	0.01%
YETI	C	0.01%
ITRI	B	0.01%
VERV	C	0.01%
IDYA	D	0.01%
PCT	C	0.01%
CELH	F	0.01%
VMEO	B	0.01%
PRTA	F	0.01%
CROX	F	0.01%
BTU	C	0.01%
JKS	D	0.01%
CLDX	F	0.01%
ALEX	B	0.01%
IMVT	D	0.01%
GNRC	B	0.01%
LASR	D	0.01%
AGNC	D	0.01%
MGNI	A	0.01%
CIFR	B	0.01%
EFC	D	0.01%
VICR	B	0.01%
RCUS	C	0.01%
TGI	B	0.01%
BGNE	D	0.01%
COLL	F	0.01%
FBK	B	0.01%
PNTG	D	0.01%
CCB	B	0.01%
BBWI	C	0.01%
RIOT	C	0.01%
HASI	F	0.01%
AMSC	B	0.01%
USLM	B	0.01%
MCB	A	0.01%
PHR	D	0.01%
SEMR	C	0.01%
SRPT	F	0.01%
CZR	D	0.01%
DQ	C	0.01%
CLNE	C	0.01%
MCRI	A	0.01%
LIND	B	0.01%
PEN	B	0.01%
BZH	D	0.01%
PACB	D	0.01%
DH	D	0.01%
AUR	C	0.01%
OSW	A	0.01%
ULH	B	0.01%
SID	F	0.01%
RDFN	D	0.01%
LOB	C	0.01%
PTCT	B	0.01%
UPST	B	0.01%
MBIN	D	0.01%
PAY	B	0.01%
ROKU	C	0.01%
INMD	C	0.01%
CASH	A	0.01%
XPO	B	0.01%
CLDT	B	0.01%
RNA	B	0.01%
CCS	F	0.01%
RDNT	B	0.01%
SDGR	C	0.01%
AKO.A	F	0.01%
CLSK	C	0.01%
VSTO	A	0.01%
THR	D	0.01%
TREX	C	0.01%
RIVN	F	0.01%
TFIN	A	0.01%
MARA	C	0.01%
FLNG	D	0.01%
GME	C	0.01%
FUTU	C	0.01%
AAON	B	0.01%
FOUR	B	0.01%
PBF	F	0.01%
ENS	D	0.01%
LUMN	B	0.01%
TWST	C	0.01%
CENX	B	0.01%
TME	F	0.01%
LWLG	C	0.01%
TREE	D	0.01%
TTI	C	0.01%
GMS	B	0.01%
CPRX	B	0.01%
MNDY	C	0.01%
MRC	B	0.01%
HSTM	A	0.01%
ARWR	C	0.01%
CLBT	C	0.01%
GERN	D	0.01%
ERJ	B	0.01%
INTA	B	0.01%
BHF	B	0.01%
MDGL	B	0.01%
RVLV	A	0.01%
TDOC	C	0.01%
NIO	F	0.01%
KOS	F	0.01%
NBR	C	0.01%
KSS	F	0.01%
MHO	D	0.01%
ABR	B	0.01%
IMXI	B	0.01%
KEX	A	0.01%
DVAX	B	0.01%
GSAT	B	0.01%
LBRDK	B	0.01%
XPEV	C	0.01%
BBIO	F	0.01%
VNT	B	0.01%
ORA	C	0.01%
SOFI	B	0.01%
TOST	A	0.01%
ZETA	C	0.01%
PTON	B	0.01%
EPRT	C	0.01%
AKRO	C	0.01%
COMP	B	0.01%
VIPS	F	0.01%
GMRE	F	0.01%
BEKE	C	0.01%
PLMR	C	0.01%
MATX	B	0.01%
TGTX	B	0.01%
GRBK	D	0.01%
RKLB	B	0.01%
TEVA	C	0.01%
MTDR	C	0.01%
SOLV	C	0.01%
DYN	D	0.01%
KRYS	B	0.0%
XPEV	C	0.0%
LI	D	0.0%
SMWB	B	0.0%
AGL	F	0.0%
SCLX	F	0.0%
OEC	D	0.0%
JOBY	C	0.0%
JAMF	F	0.0%
MP	B	0.0%
TH	C	0.0%
BMBL	C	0.0%
CRCT	F	0.0%
DAN	F	0.0%
FLWS	C	0.0%
CGEM	F	0.0%
HDSN	F	0.0%
MGPI	F	0.0%
MLCO	F	0.0%
ZEUS	C	0.0%
FNA	C	0.0%
OVV	C	0.0%
BOC	B	0.0%
SEDG	F	0.0%
PKST	D	0.0%
LGIH	F	0.0%
DENN	D	0.0%
SPRY	B	0.0%
SAGE	F	0.0%
SHEN	F	0.0%
KE	C	0.0%
MLNK	B	0.0%
WOLF	F	0.0%
TPB	A	0.0%
ASTH	F	0.0%
OLPX	F	0.0%
LSCC	C	0.0%
VRE	C	0.0%
MXL	C	0.0%
ITOS	F	0.0%
MAX	F	0.0%
PRVA	B	0.0%
SNCY	B	0.0%
KRNT	B	0.0%
MNSO	C	0.0%
PARR	F	0.0%
RENB	D	0.0%
FLGT	F	0.0%
RGNX	F	0.0%
EYE	D	0.0%
CEVA	B	0.0%
FIGS	F	0.0%
OLO	B	0.0%
CHRD	F	0.0%
MRVI	F	0.0%
PD	C	0.0%
PUMP	D	0.0%
BVN	F	0.0%
GRPN	C	0.0%
ORLA	C	0.0%
HOG	F	0.0%
FSBC	B	0.0%
CRSR	C	0.0%
REPL	B	0.0%
SVC	F	0.0%
HAE	B	0.0%
TMCI	C	0.0%
XPOF	B	0.0%
PFC	B	0.0%
NABL	F	0.0%
VIR	C	0.0%
CECO	D	0.0%
COTY	F	0.0%
GOGO	C	0.0%
HE	F	0.0%
SWBI	C	0.0%
CTKB	C	0.0%
ICHR	C	0.0%
HUMA	D	0.0%
MAT	C	0.0%
SAVA	D	0.0%
ZUO	C	0.0%
IRTC	C	0.0%
CNDT	B	0.0%
SGRY	D	0.0%
LYEL	F	0.0%
BROS	B	0.0%
CAR	C	0.0%
IBP	F	0.0%
MBAVU	C	0.0%
GDS	B	0.0%
CXM	C	0.0%
APLS	F	0.0%
LPRO	C	0.0%
RIG	D	0.0%
LAND	F	0.0%
TLRY	F	0.0%
AOSL	F	0.0%
MDXG	B	0.0%
KRUS	C	0.0%
OLMA	F	0.0%
ELVN	C	0.0%
THRM	D	0.0%
PDFS	B	0.0%
QFIN	C	0.0%
CALX	F	0.0%
THO	B	0.0%
APPN	B	0.0%
NMIH	D	0.0%
DBI	F	0.0%
MQ	F	0.0%
DNOW	B	0.0%
ETNB	D	0.0%
XHR	B	0.0%
NCNO	B	0.0%
LESL	D	0.0%
FBRT	C	0.0%
SHC	D	0.0%
SM	C	0.0%
SHLS	F	0.0%
XPRO	F	0.0%
FDMT	F	0.0%
PUBM	C	0.0%
CEIX	B	0.0%
ENIC	D	0.0%
ATEN	A	0.0%
HURN	B	0.0%
CUBI	B	0.0%
ADUS	D	0.0%
ATEC	C	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
VNET	D	0.0%
UVV	B	0.0%
NVRI	F	0.0%
QTRX	C	0.0%
UCTT	F	0.0%
RXST	F	0.0%
GKOS	A	0.0%
HAYN	A	0.0%
NOVA	F	0.0%
LILAK	F	0.0%
DJT	D	0.0%
DGII	B	0.0%
ATRO	F	0.0%
NARI	C	0.0%
VTLE	C	0.0%
GH	B	0.0%
SABR	C	0.0%
PRO	C	0.0%
STAA	F	0.0%
CHEF	B	0.0%
PENN	B	0.0%
ULCC	B	0.0%
CLF	D	0.0%
MERC	F	0.0%
IDT	B	0.0%
ARLO	D	0.0%
NNDM	F	0.0%
TASK	C	0.0%
LXRX	F	0.0%
NEXT	B	0.0%
S	B	0.0%
AMRK	F	0.0%
HAYW	C	0.0%
KRNY	B	0.0%
EB	C	0.0%
ARQT	C	0.0%
ORIC	C	0.0%
SIBN	C	0.0%
FIVN	C	0.0%
ATHM	D	0.0%
FVRR	C	0.0%
RRC	B	0.0%
NEOG	D	0.0%
TITN	D	0.0%
YY	D	0.0%
HL	D	0.0%
ARRY	D	0.0%
FIZZ	B	0.0%
GLBE	A	0.0%
AR	B	0.0%
SOUN	C	0.0%
LMND	B	0.0%
CDNA	D	0.0%
YMAB	D	0.0%
BIGC	C	0.0%
SITM	B	0.0%
AVNS	D	0.0%
SKE	C	0.0%
VCYT	B	0.0%
VZIO	C	0.0%
GNK	D	0.0%
CYRX	D	0.0%
MNTK	D	0.0%
INDI	C	0.0%
DHC	F	0.0%
ALHC	C	0.0%
CYTK	C	0.0%
HTHT	C	0.0%
ADNT	F	0.0%
METC	C	0.0%
IAS	C	0.0%
NTLA	F	0.0%
WGO	B	0.0%
ARDX	F	0.0%
IOVA	D	0.0%
YOU	C	0.0%
CDMO	B	0.0%
EMBC	B	0.0%
NVCR	C	0.0%
STOK	C	0.0%
FRSH	C	0.0%
RKT	D	0.0%
CFLT	B	0.0%
TNDM	F	0.0%
ENVA	A	0.0%
OSPN	B	0.0%
UWMC	F	0.0%
PCVX	D	0.0%
MEG	F	0.0%
AMC	C	0.0%
ZI	C	0.0%
SIGA	D	0.0%
BRBR	A	0.0%
MTW	C	0.0%
CRMT	F	0.0%
APPF	B	0.0%
NTRA	B	0.0%
FSLY	D	0.0%
IIIV	A	0.0%
BHB	B	0.0%
SANA	F	0.0%
GRAB	A	0.0%
ALT	C	0.0%
TXG	F	0.0%
HRI	B	0.0%
BEAM	C	0.0%
EGBN	B	0.0%
UNIT	B	0.0%
RVNC	F	0.0%
VSCO	B	0.0%
INN	D	0.0%
MOMO	C	0.0%
GDRX	F	0.0%
ELF	C	0.0%
NX	C	0.0%
HUYA	F	0.0%
FUBO	F	0.0%
FC	D	0.0%
TRNS	D	0.0%
FROG	C	0.0%
TUYA	F	0.0%
OSCR	F	0.0%
DFH	F	0.0%
BRZE	C	0.0%
WOOF	D	0.0%
INSW	F	0.0%
AXSM	B	0.0%
BXC	B	0.0%
NVAX	F	0.0%
EYPT	D	0.0%
ARCT	F	0.0%
EWCZ	C	0.0%
AX	B	0.0%
ACHR	C	0.0%
ATUS	C	0.0%
DIN	C	0.0%
GXO	B	0.0%
GDOT	C	0.0%
JANX	C	0.0%
TRUP	B	0.0%
AMPS	D	0.0%
CCBG	B	0.0%
LMB	B	0.0%
YEXT	B	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
SNDX	D	0.0%
ETSY	C	0.0%
QNST	B	0.0%
UEC	B	0.0%
VPG	F	0.0%
NUVB	C	0.0%
ACLS	F	0.0%
WRBY	A	0.0%
VRNS	D	0.0%
SAM	B	0.0%
LCID	F	0.0%
LSPD	B	0.0%
KLG	D	0.0%
RXRX	C	0.0%
REZI	A	0.0%
RVMD	B	0.0%
PL	B	0.0%
DCO	C	0.0%
IQ	D	0.0%
MTCH	F	0.0%
CHGX	A	0.0%
NSSC	F	0.0%
ERAS	B	0.0%
CERT	F	0.0%
ACVA	C	0.0%
IIIN	D	0.0%
LYFT	B	0.0%
ANF	D	0.0%
ENFN	B	0.0%
SPT	D	0.0%
DUOL	B	0.0%
PLPC	A	0.0%
NUVL	D	0.0%
SPR	F	0.0%
RLJ	C	0.0%
ATKR	C	0.0%
CIG	D	0.0%
DOCN	D	0.0%
CASS	B	0.0%
CSTL	C	0.0%
RCKT	F	0.0%
JELD	F	0.0%
ALEC	C	0.0%
HCP	A	0.0%
RNG	C	0.0%
IBUY	A	0.0%
VVI	B	0.0%
PRG	C	0.0%
ASPN	F	0.0%
KEP	D	0.0%
SITE	C	0.0%
FATE	F	0.0%
BLND	B	0.0%
JBI	F	0.0%
ARVN	D	0.0%
BYND	F	0.0%
RAMP	C	0.0%
REPX	B	0.0%
NPAB	F	0.0%
PLUG	D	0.0%
MNMD	C	0.0%
RGEN	D	0.0%
PAR	A	0.0%
CARS	B	0.0%
CC	D	0.0%
RPAY	C	0.0%
RLAY	F	0.0%
CIB	D	0.0%
APLD	C	0.0%
PTGX	C	0.0%
ELAN	D	0.0%
WIX	B	0.0%
EVRI	A	0.0%
UPWK	B	0.0%
FLYW	C	0.0%
PATH	C	0.0%
KC	C	0.0%
VRDN	C	0.0%
PAYO	B	0.0%
NCLH	A	0.0%
AMG	C	0.0%
OGN	F	0.0%
PLAB	C	0.0%
RUN	F	0.0%
ASAN	C	0.0%
BE	C	0.0%
CDE	D	0.0%
ENVX	F	0.0%
VITL	F	0.0%
BZ	F	0.0%
FLNC	C	0.0%
DRH	B	0.0%
NVT	B	0.0%
QS	F	0.0%
ROCK	B	0.0%
EXTR	B	0.0%
ROIV	D	0.0%
NEO	C	0.0%
SQM	F	0.0%
KREF	D	0.0%
BJRI	B	0.0%
WRLD	C	0.0%
BOOT	D	0.0%
CHPT	F	0.0%
PHAT	F	0.0%
HSII	B	0.0%
SMR	B	0.0%
EDIT	F	0.0%
WULF	B	0.0%
HEES	B	0.0%
OPEN	F	0.0%
AMR	C	0.0%
LEGH	C	0.0%
SONO	C	0.0%
BILI	C	0.0%

SPGM Underweight 223 Positions Relative to BBUS

Symbol	Grade	Weight
WELL	B	-0.16%
MSI	B	-0.15%
CTAS	A	-0.14%
APO	B	-0.12%
MAR	A	-0.12%
AJG	B	-0.12%
PCAR	B	-0.11%
TFC	A	-0.11%
OKE	A	-0.11%
HLT	A	-0.11%
ROP	B	-0.11%
AIG	C	-0.1%
D	D	-0.1%
GWW	B	-0.1%
AMP	A	-0.1%
O	D	-0.1%
SRE	A	-0.1%
AZO	C	-0.1%
LNG	B	-0.09%
PAYX	B	-0.09%
PWR	B	-0.09%
CPRT	B	-0.09%
MSCI	B	-0.09%
CCI	F	-0.09%
LHX	B	-0.09%
MNST	B	-0.08%
STZ	D	-0.08%
KR	A	-0.08%
IQV	F	-0.08%
TRGP	A	-0.08%
IT	A	-0.08%
VST	B	-0.08%
MCHP	F	-0.08%
VRSK	A	-0.08%
COR	A	-0.08%
EW	F	-0.08%
CBRE	B	-0.08%
RSG	A	-0.08%
HWM	B	-0.08%
LEN	D	-0.08%
AME	A	-0.08%
HIG	C	-0.07%
VICI	D	-0.07%
EFX	D	-0.07%
WAB	B	-0.07%
ED	D	-0.07%
KDP	D	-0.07%
EXR	D	-0.07%
MLM	B	-0.07%
ACGL	D	-0.07%
RMD	B	-0.07%
VMC	B	-0.07%
XEL	A	-0.07%
IRM	C	-0.07%
DAL	A	-0.07%
PHM	D	-0.06%
ANSS	B	-0.06%
FITB	A	-0.06%
PPG	F	-0.06%
XYL	D	-0.06%
NDAQ	B	-0.06%
MTD	F	-0.06%
TSCO	D	-0.06%
WEC	B	-0.06%
FANG	D	-0.06%
ARES	B	-0.06%
ETR	B	-0.06%
ROK	B	-0.06%
HUM	F	-0.06%
GRMN	A	-0.06%
WTW	A	-0.06%
AVB	B	-0.06%
CPNG	C	-0.06%
CPAY	A	-0.05%
WAT	B	-0.05%
WY	F	-0.05%
AEE	A	-0.05%
HUBB	B	-0.05%
WST	C	-0.05%
FCNCA	B	-0.05%
BAH	C	-0.05%
TPL	A	-0.05%
SBAC	D	-0.05%
DECK	B	-0.05%
TYL	B	-0.05%
TROW	B	-0.05%
DTE	D	-0.05%
BR	A	-0.05%
CDW	F	-0.05%
SW	C	-0.05%
VTR	C	-0.05%
UAL	A	-0.05%
BRO	A	-0.05%
DOV	A	-0.05%
AWK	D	-0.05%
NVR	D	-0.05%
CAH	B	-0.05%
RJF	A	-0.05%
ARE	F	-0.04%
FDS	A	-0.04%
J	B	-0.04%
DG	F	-0.04%
WRB	B	-0.04%
MAS	D	-0.04%
MAA	C	-0.04%
BBY	D	-0.04%
LUV	B	-0.04%
ULTA	C	-0.04%
HOLX	D	-0.04%
INVH	D	-0.04%
ESS	C	-0.04%
CNP	B	-0.04%
BALL	D	-0.04%
NRG	B	-0.04%
MOH	F	-0.04%
PFG	C	-0.04%
ZBRA	A	-0.04%
DRI	B	-0.04%
LH	B	-0.04%
TRU	D	-0.04%
MKL	A	-0.04%
IP	B	-0.04%
LII	B	-0.04%
STLD	B	-0.04%
OMC	B	-0.04%
LPLA	A	-0.04%
CMS	D	-0.04%
NTRS	A	-0.04%
PKG	B	-0.04%
ATO	A	-0.04%
TDY	A	-0.04%
RF	A	-0.04%
ES	F	-0.04%
CINF	A	-0.04%
ZBH	C	-0.04%
HBAN	A	-0.04%
STE	F	-0.04%
GDDY	A	-0.04%
PTC	B	-0.04%
UHS	D	-0.03%
ELS	C	-0.03%
INCY	B	-0.03%
BXP	D	-0.03%
UDR	D	-0.03%
EQH	B	-0.03%
JKHY	C	-0.03%
EWBC	A	-0.03%
FFIV	B	-0.03%
POOL	D	-0.03%
EVRG	A	-0.03%
RGA	A	-0.03%
SWKS	F	-0.03%
ROL	B	-0.03%
L	B	-0.03%
SWK	F	-0.03%
LNT	C	-0.03%
AMCR	D	-0.03%
FLEX	B	-0.03%
DPZ	C	-0.03%
TRMB	B	-0.03%
HEI	C	-0.03%
EG	D	-0.03%
FNF	C	-0.03%
AKAM	F	-0.03%
AVTR	F	-0.03%
ENTG	D	-0.03%
JBHT	B	-0.03%
VRSN	C	-0.03%
SSNC	C	-0.03%
RVTY	C	-0.03%
NI	A	-0.03%
OC	B	-0.03%
TXT	D	-0.03%
KEY	B	-0.03%
GPC	D	-0.03%
GEN	A	-0.03%
TER	D	-0.03%
SUI	F	-0.03%
AVY	F	-0.03%
IEX	B	-0.03%
WSO	A	-0.03%
DGX	A	-0.03%
EXPD	F	-0.03%
CTRA	C	-0.03%
LYV	A	-0.03%
SNA	A	-0.03%
HII	D	-0.02%
WYNN	F	-0.02%
MGM	F	-0.02%
HRL	F	-0.02%
CPB	F	-0.02%
AFG	B	-0.02%
TFX	F	-0.02%
CRL	C	-0.02%
TAP	B	-0.02%
CE	F	-0.02%
LKQ	D	-0.02%
CG	B	-0.02%
HEI	C	-0.02%
RPRX	F	-0.02%
PAYC	B	-0.02%
IPG	F	-0.02%
CCK	B	-0.02%
KMX	C	-0.02%
EMN	D	-0.02%
BG	D	-0.02%
DAY	B	-0.02%
WPC	F	-0.02%
NBIX	C	-0.02%
TECH	C	-0.02%
BMRN	F	-0.02%
CPT	C	-0.02%
AGR	C	-0.01%
NWS	B	-0.01%
ZG	B	-0.01%
WLK	F	-0.01%
FOX	A	-0.01%
SIRI	C	-0.01%
BSY	D	-0.01%
QRVO	F	-0.01%
CRBG	C	-0.01%
ACI	C	-0.01%
LEN	D	-0.0%