SPGM vs. BSV ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Vanguard Short-Term Bond ETF (BSV)

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

$62.43

Average Daily Volume

53,917

Number of Holdings ^*

954

* may have additional holdings in another (foreign) market

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$77.05

Average Daily Volume

1,561,195

Number of Holdings ^*

442

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	BSV
30 Days	3.89%	1.16%
60 Days	5.46%	1.68%
90 Days	8.48%	2.21%
12 Months	20.32%	4.76%

231 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in BSV	Overlap
A	D	0.21%	0.01%	0.01%
AAPL	B	3.89%	0.01%	0.01%
ABBV	B	0.37%	0.01%	0.01%
ABBV	B	0.19%	0.01%	0.01%
ABT	D	0.33%	0.01%	0.01%
ADBE	C	0.4%	0.01%	0.01%
ADI	B	0.19%	0.01%	0.01%
ADM	C	0.1%	0.01%	0.01%
ADP	F	0.19%	0.01%	0.01%
ADSK	C	0.01%	0.01%	0.01%
AEP	C	0.15%	0.01%	0.01%
AES	D	0.01%	0.01%	0.01%
AFL	A	0.22%	0.01%	0.01%
ALB	F	0.01%	0.01%	0.01%
ALL	D	0.14%	0.01%	0.01%
ALLE	C	0.03%	0.01%	0.01%
ALLY	A	0.02%	0.01%	0.01%
AMAT	C	0.39%	0.01%	0.01%
AMG	C	0.0%	0.01%	0.0%
AMGN	B	0.24%	0.01%	0.01%
AMT	B	0.17%	0.01%	0.01%
AMZN	C	2.16%	0.01%	0.01%
AON	C	0.06%	0.01%	0.01%
APD	D	0.07%	0.01%	0.01%
APTV	F	0.0%	0.01%	0.0%
AVGO	B	0.97%	0.01%	0.01%
AXP	B	0.31%	0.01%	0.01%
AZN	D	0.1%	0.01%	0.01%
BA	D	0.13%	0.01%	0.01%
BABA	C	0.02%	0.01%	0.01%
BABA	C	0.17%	0.01%	0.01%
BAC	A	0.48%	0.01%	0.01%
BAX	D	0.05%	0.01%	0.01%
BDX	F	0.17%	0.01%	0.01%
BEN	D	0.05%	0.01%	0.01%
BIDU	D	0.03%	0.01%	0.01%
BIIB	C	0.1%	0.02%	0.02%
BK	A	0.16%	0.01%	0.01%
BKNG	C	0.25%	0.01%	0.01%
BLK	B	0.07%	0.01%	0.01%
BMY	F	0.1%	0.01%	0.01%
BSX	B	0.13%	0.01%	0.01%
C	B	0.26%	0.01%	0.01%
CAG	F	0.05%	0.01%	0.01%
CARR	B	0.05%	0.03%	0.03%
CAT	D	0.27%	0.01%	0.01%
CB	D	0.25%	0.01%	0.01%
CDNS	C	0.02%	0.01%	0.01%
CF	F	0.02%	0.01%	0.01%
CFG	A	0.02%	0.01%	0.01%
CHD	D	0.07%	0.01%	0.01%
CHTR	D	0.08%	0.02%	0.02%
CI	D	0.08%	0.01%	0.01%
CL	B	0.14%	0.01%	0.01%
CLX	D	0.1%	0.01%	0.01%
CMCSA	F	0.17%	0.01%	0.01%
CME	D	0.08%	0.01%	0.01%
CMI	C	0.2%	0.01%	0.01%
CNH	F	0.01%	0.01%	0.01%
COF	C	0.12%	0.01%	0.01%
COP	D	0.2%	0.01%	0.01%
COST	C	0.6%	0.01%	0.01%
CRM	F	0.41%	0.01%	0.01%
CSCO	D	0.3%	0.01%	0.01%
CSX	C	0.19%	0.01%	0.01%
CTVA	D	0.07%	0.01%	0.01%
CVS	F	0.14%	0.01%	0.01%
CVX	D	0.35%	0.01%	0.01%
DD	B	0.08%	0.02%	0.02%
DE	F	0.17%	0.01%	0.01%
DELL	C	0.03%	0.01%	0.01%
DFS	B	0.16%	0.01%	0.01%
DHI	C	0.0%	0.01%	0.0%
DHR	D	0.31%	0.01%	0.01%
DIS	F	0.27%	0.01%	0.01%
DLR	B	0.01%	0.01%	0.01%
DLTR	F	0.07%	0.01%	0.01%
DOC	B	0.05%	0.01%	0.01%
DOW	F	0.07%	0.01%	0.01%
DUK	B	0.09%	0.01%	0.01%
DVN	D	0.02%	0.01%	0.01%
DXC	D	0.01%	0.01%	0.01%
EA	B	0.0%	0.01%	0.0%
EBAY	B	0.09%	0.01%	0.01%
EIX	C	0.11%	0.01%	0.01%
EL	F	0.08%	0.01%	0.01%
EMR	B	0.19%	0.01%	0.01%
EOG	B	0.16%	0.01%	0.01%
EQIX	C	0.04%	0.01%	0.01%
EQR	C	0.06%	0.01%	0.01%
ETN	C	0.22%	0.02%	0.02%
EXC	D	0.06%	0.01%	0.01%
EXPE	C	0.01%	0.01%	0.01%
FDX	B	0.19%	0.01%	0.01%
FIS	C	0.01%	0.01%	0.01%
FOXA	A	0.04%	0.01%	0.01%
FTNT	D	0.02%	0.01%	0.01%
FTV	D	0.06%	0.01%	0.01%
GD	D	0.23%	0.01%	0.01%
GE	D	0.14%	0.01%	0.01%
GILD	C	0.15%	0.01%	0.01%
GIS	D	0.05%	0.01%	0.01%
GM	B	0.08%	0.01%	0.01%
GOOGL	C	1.24%	0.01%	0.01%
GPN	F	0.0%	0.01%	0.0%
GS	A	0.31%	0.01%	0.01%
GXO	D	0.0%	0.01%	0.0%
HAL	F	0.06%	0.01%	0.01%
HCA	D	0.02%	0.01%	0.01%
HD	C	0.48%	0.01%	0.01%
HES	D	0.13%	0.01%	0.01%
HOG	D	0.0%	0.01%	0.0%
HON	B	0.21%	0.01%	0.01%
HPE	B	0.07%	0.01%	0.01%
HPQ	C	0.11%	0.01%	0.01%
HST	D	0.0%	0.01%	0.0%
HSY	D	0.13%	0.01%	0.01%
IBM	C	0.24%	0.01%	0.01%
IFF	B	0.02%	0.01%	0.01%
ILMN	D	0.01%	0.01%	0.01%
INTC	D	0.18%	0.01%	0.01%
INTU	C	0.38%	0.01%	0.01%
ITW	D	0.12%	0.01%	0.01%
JCI	C	0.15%	0.01%	0.01%
JNJ	D	0.39%	0.01%	0.01%
JNPR	B	0.06%	0.01%	0.01%
JPM	B	0.84%	0.01%	0.01%
K	D	0.05%	0.01%	0.01%
KEYS	D	0.11%	0.01%	0.01%
KIM	C	0.0%	0.01%	0.0%
KLAC	B	0.06%	0.02%	0.02%
KMB	A	0.12%	0.01%	0.01%
KMI	A	0.03%	0.01%	0.01%
KO	B	0.31%	0.01%	0.01%
KSS	D	0.01%	0.01%	0.01%
LDOS	B	0.03%	0.01%	0.01%
LIN	C	0.32%	0.01%	0.01%
LLY	B	0.87%	0.01%	0.01%
LMT	D	0.23%	0.01%	0.01%
LOW	C	0.25%	0.01%	0.01%
LRCX	C	0.1%	0.01%	0.01%
LVS	F	0.04%	0.01%	0.01%
LYB	F	0.08%	0.01%	0.01%
MA	D	0.39%	0.01%	0.01%
MCD	D	0.2%	0.01%	0.01%
MCK	C	0.25%	0.01%	0.01%
MDLZ	F	0.06%	0.01%	0.01%
MDT	D	0.21%	0.02%	0.02%
MET	C	0.18%	0.01%	0.01%
MKC	C	0.1%	0.01%	0.01%
MMC	A	0.17%	0.01%	0.01%
MMM	B	0.08%	0.01%	0.01%
MO	A	0.08%	0.01%	0.01%
MOS	F	0.02%	0.01%	0.01%
MP	F	0.0%	0.01%	0.0%
MPC	F	0.19%	0.01%	0.01%
MRK	C	0.43%	0.01%	0.01%
MRVL	C	0.04%	0.01%	0.01%
MS	A	0.25%	0.01%	0.01%
MSFT	C	3.87%	0.01%	0.01%
MTB	A	0.1%	0.01%	0.01%
MU	C	0.1%	0.01%	0.01%
MUFG	B	0.17%	0.01%	0.01%
NEE	C	0.24%	0.01%	0.01%
NEM	A	0.04%	0.01%	0.01%
NKE	F	0.19%	0.01%	0.01%
NOC	F	0.15%	0.02%	0.02%
NSC	D	0.14%	0.01%	0.01%
NTAP	B	0.11%	0.01%	0.01%
NUE	D	0.02%	0.01%	0.01%
NVDA	C	3.73%	0.01%	0.01%
NVT	D	0.0%	0.01%	0.0%
NXPI	B	0.01%	0.01%	0.01%
ORCL	B	0.37%	0.01%	0.01%
ORLY	C	0.19%	0.01%	0.01%
OTIS	B	0.04%	0.02%	0.02%
PCG	C	0.0%	0.01%	0.0%
PEG	B	0.13%	0.01%	0.01%
PEP	D	0.28%	0.01%	0.01%
PFE	C	0.2%	0.01%	0.01%
PG	D	0.49%	0.01%	0.01%
PH	C	0.13%	0.01%	0.01%
PM	A	0.17%	0.01%	0.01%
PNC	A	0.13%	0.01%	0.01%
PPL	D	0.07%	0.01%	0.01%
PRU	A	0.15%	0.01%	0.01%
PSA	B	0.2%	0.01%	0.01%
PSX	D	0.06%	0.01%	0.01%
PYPL	D	0.11%	0.01%	0.01%
QCOM	C	0.35%	0.01%	0.01%
ROST	A	0.19%	0.01%	0.01%
RTX	D	0.29%	0.01%	0.01%
SBUX	F	0.18%	0.01%	0.01%
SCHW	C	0.17%	0.01%	0.01%
SHW	C	0.03%	0.01%	0.01%
SLB	D	0.08%	0.01%	0.01%
SO	B	0.07%	0.01%	0.01%
SPG	B	0.13%	0.01%	0.01%
SPGI	A	0.22%	0.01%	0.01%
STLA	F	0.07%	0.02%	0.02%
STT	B	0.06%	0.01%	0.01%
SYF	A	0.04%	0.01%	0.01%
SYK	C	0.18%	0.01%	0.01%
SYY	D	0.12%	0.01%	0.01%
T	B	0.18%	0.01%	0.01%
TD	D	0.12%	0.01%	0.01%
TEL	A	0.17%	0.01%	0.01%
TGT	C	0.12%	0.01%	0.01%
TJX	A	0.34%	0.01%	0.01%
TMO	D	0.41%	0.01%	0.01%
TMUS	B	0.05%	0.01%	0.01%
TSN	D	0.07%	0.01%	0.01%
TT	A	0.16%	0.01%	0.01%
TXN	B	0.4%	0.01%	0.01%
UNH	D	0.58%	0.01%	0.01%
UNP	D	0.26%	0.01%	0.01%
UPS	F	0.11%	0.01%	0.01%
USB	B	0.1%	0.01%	0.01%
V	F	0.63%	0.02%	0.02%
VLO	D	0.13%	0.01%	0.01%
VNT	C	0.01%	0.01%	0.01%
VTRS	C	0.01%	0.01%	0.01%
VZ	B	0.14%	0.02%	0.02%
WBA	F	0.02%	0.01%	0.01%
WFC	B	0.37%	0.01%	0.01%
WIT	B	0.06%	0.26%	0.06%
WM	B	0.22%	0.01%	0.01%
WMB	B	0.07%	0.01%	0.01%
WMT	B	0.35%	0.01%	0.01%
XOM	D	0.68%	0.01%	0.01%
ZTS	C	0.1%	0.01%	0.01%

SPGM Overweight 723 Positions Relative to BSV

Symbol	Grade	Weight
META	C	1.39%
GOOG	C	1.27%
TSM	B	1.01%
TSLA	C	0.8%
BRK.A	C	0.65%
NFLX	C	0.32%
TM	F	0.32%
AMD	C	0.29%
ACN	D	0.25%
NVS	B	0.24%
ELV	C	0.23%
PLD	C	0.23%
SONY	B	0.2%
TRV	D	0.17%
IBN	B	0.17%
UL	A	0.16%
PGR	B	0.15%
CNI	D	0.15%
INFY	B	0.15%
ECL	A	0.14%
GLW	B	0.13%
NOW	C	0.13%
REGN	B	0.13%
RDY	A	0.13%
UBER	C	0.13%
CTSH	C	0.12%
IR	B	0.12%
CEG	C	0.12%
FAST	D	0.11%
YUM	F	0.11%
CMG	D	0.11%
PDD	D	0.1%
PANW	C	0.1%
CRWD	C	0.1%
MELI	B	0.09%
F	B	0.09%
ROIC	C	0.09%
SHOP	D	0.09%
ISRG	B	0.09%
VRTX	A	0.08%
VALE	F	0.08%
UMH	B	0.08%
WDC	B	0.08%
CHT	F	0.08%
SMFG	B	0.08%
FE	C	0.07%
ANET	C	0.07%
STX	B	0.07%
HDB	C	0.07%
SJM	F	0.07%
UMC	C	0.07%
MRO	B	0.07%
CHRW	C	0.07%
DEO	F	0.07%
VGR	C	0.06%
E	D	0.06%
BCS	A	0.06%
TCOM	D	0.06%
DEA	B	0.06%
NXRT	C	0.06%
MFG	B	0.06%
OXY	D	0.06%
PKX	D	0.06%
MOD	B	0.05%
COIN	D	0.05%
TTD	C	0.05%
SMCI	C	0.05%
LW	F	0.05%
FCX	C	0.05%
ITUB	C	0.05%
NMR	C	0.05%
SNPS	B	0.05%
PLTR	B	0.05%
ABNB	D	0.05%
LYG	A	0.05%
VRT	D	0.05%
GEV	B	0.04%
KB	B	0.04%
SNOW	F	0.04%
TMDX	C	0.04%
VLTO	D	0.04%
GOOD	B	0.04%
MRNA	D	0.04%
BX	B	0.04%
CHCT	D	0.03%
SQ	D	0.03%
FTI	B	0.03%
DXCM	D	0.03%
AXNX	B	0.03%
YUMC	F	0.03%
HIMS	C	0.03%
LNTH	B	0.03%
BBD	F	0.03%
KVUE	F	0.03%
DDOG	C	0.03%
NET	C	0.03%
LNW	B	0.03%
AXON	D	0.03%
SE	B	0.03%
MPWR	C	0.03%
BRSP	C	0.03%
HMC	F	0.03%
DX	B	0.03%
PBR	C	0.03%
TPR	C	0.03%
PBF	F	0.02%
OII	C	0.02%
TAL	F	0.02%
AZEK	D	0.02%
MSTR	D	0.02%
MTDR	C	0.02%
AIV	B	0.02%
GGB	F	0.02%
URI	C	0.02%
SNAP	C	0.02%
QTWO	A	0.02%
WBD	F	0.02%
CVNA	B	0.02%
DYN	A	0.02%
ABEV	F	0.02%
KOS	F	0.02%
HOV	C	0.02%
APP	C	0.02%
FICO	A	0.02%
PARA	D	0.02%
HUBS	F	0.02%
FSLR	D	0.02%
AHH	C	0.02%
TAC	D	0.02%
LI	F	0.02%
LULU	F	0.02%
IIPR	A	0.02%
GOLD	B	0.02%
DKNG	F	0.02%
MDB	F	0.02%
ZS	C	0.02%
GEHC	C	0.02%
TTGT	C	0.02%
WDAY	F	0.02%
PINS	D	0.02%
TBBK	C	0.02%
WTTR	B	0.02%
MT	D	0.02%
TEAM	D	0.02%
ITCI	B	0.02%
DASH	F	0.02%
SHG	B	0.02%
BKR	B	0.02%
CHX	D	0.02%
RCL	B	0.02%
WRLD	C	0.01%
ELAN	F	0.01%
BOOT	C	0.01%
BLFS	C	0.01%
CARS	C	0.01%
RAMP	F	0.01%
SMAR	C	0.01%
BE	D	0.01%
NSSC	B	0.01%
RKLB	C	0.01%
WSR	A	0.01%
FBK	A	0.01%
BCRX	C	0.01%
BASE	F	0.01%
SLP	F	0.01%
ITRI	D	0.01%
GNRC	C	0.01%
RVLV	F	0.01%
BTU	D	0.01%
CCO	C	0.01%
SQM	F	0.01%
IQ	F	0.01%
ELF	B	0.01%
PCH	F	0.01%
ACLS	C	0.01%
BGNE	F	0.01%
U	F	0.01%
LASR	F	0.01%
PNTG	A	0.01%
AI	C	0.01%
PACK	C	0.01%
GTLB	D	0.01%
LOB	C	0.01%
KOP	F	0.01%
IDXX	D	0.01%
VITL	C	0.01%
ASPN	D	0.01%
IMVT	D	0.01%
CMPR	C	0.01%
ALEX	C	0.01%
LIND	C	0.01%
OGN	C	0.01%
GME	C	0.01%
BZ	D	0.01%
RIOT	F	0.01%
DQ	F	0.01%
OMI	F	0.01%
CLNE	F	0.01%
Z	C	0.01%
M	C	0.01%
JKS	F	0.01%
PHI	C	0.01%
EXAS	F	0.01%
PTCT	D	0.01%
PEN	F	0.01%
AMR	D	0.01%
XPO	D	0.01%
MITK	F	0.01%
PAY	D	0.01%
CASH	B	0.01%
W	F	0.01%
JBI	D	0.01%
ZTO	F	0.01%
LBRDK	D	0.01%
MCRI	C	0.01%
YETI	D	0.01%
NOV	C	0.01%
RCUS	F	0.01%
ACMR	D	0.01%
CLBT	C	0.01%
RLX	F	0.01%
AAON	C	0.01%
ULH	D	0.01%
BZH	C	0.01%
INTA	D	0.01%
FUTU	D	0.01%
BLBD	D	0.01%
ENVX	C	0.01%
CPRX	C	0.01%
ZETA	C	0.01%
HASI	C	0.01%
OSW	B	0.01%
COLL	D	0.01%
SOFI	F	0.01%
KD	C	0.01%
GSAT	D	0.01%
FOUR	C	0.01%
COMP	C	0.01%
DOCU	D	0.01%
RNA	A	0.01%
IDYA	C	0.01%
EFC	A	0.01%
AGNC	A	0.01%
XPEV	D	0.01%
MGNI	C	0.01%
PRTA	D	0.01%
TWLO	F	0.01%
TGI	B	0.01%
CZR	D	0.01%
PTEN	F	0.01%
ALGN	F	0.01%
PHR	F	0.01%
ALNY	A	0.01%
ROKU	D	0.01%
RDNT	B	0.01%
VSTO	B	0.01%
SEMR	D	0.01%
POWL	D	0.01%
MNDY	C	0.01%
CCS	C	0.01%
AKRO	C	0.01%
INMD	F	0.01%
ERJ	C	0.01%
GMS	D	0.01%
MBIN	C	0.01%
SQ	D	0.01%
MHO	C	0.01%
CLDX	D	0.01%
MDGL	B	0.01%
BBWI	F	0.01%
AKO.A	B	0.01%
CLDT	D	0.01%
CENX	C	0.01%
BHF	D	0.01%
TREX	D	0.01%
HSTM	B	0.01%
MRC	C	0.01%
AFRM	F	0.01%
THR	D	0.01%
SRPT	C	0.01%
EPAM	F	0.01%
TGTX	B	0.01%
BEKE	D	0.01%
CROX	D	0.01%
INSP	F	0.01%
ENS	B	0.01%
SID	F	0.01%
TOST	D	0.01%
SOLV	F	0.01%
RYTM	C	0.01%
MARA	D	0.01%
TWST	B	0.01%
BLDR	F	0.01%
GRBK	A	0.01%
DVAX	F	0.01%
VERX	B	0.01%
GERN	C	0.01%
ORA	C	0.01%
MATX	C	0.01%
NIO	F	0.01%
FLNG	F	0.01%
EPRT	B	0.01%
OKTA	D	0.01%
CLSK	D	0.01%
KEX	B	0.01%
ABR	B	0.01%
NWSA	A	0.01%
PLMR	C	0.01%
BBIO	F	0.01%
ENPH	F	0.01%
ARWR	C	0.01%
APA	D	0.01%
VIPS	F	0.01%
TME	B	0.01%
CELH	F	0.01%
SKY	C	0.01%
ADMA	B	0.01%
GMRE	C	0.01%
VEEV	D	0.01%
IMXI	F	0.01%
ACEL	D	0.01%
PLAY	F	0.01%
TEVA	B	0.01%
RBLX	C	0.01%
AGYS	B	0.01%
RIVN	C	0.01%
CCL	C	0.01%
ZM	F	0.01%
ON	D	0.01%
SRG	F	0.0%
KRYS	B	0.0%
XPEV	D	0.0%
LI	F	0.0%
SMWB	F	0.0%
ZNTL	F	0.0%
ALEC	D	0.0%
JOBY	C	0.0%
JAMF	C	0.0%
ATUS	F	0.0%
UNIT	D	0.0%
OEC	D	0.0%
TH	F	0.0%
OLMA	C	0.0%
SCLX	C	0.0%
CRCT	D	0.0%
RGNX	F	0.0%
AGL	D	0.0%
REPX	C	0.0%
DADA	F	0.0%
CRNC	F	0.0%
FLWS	C	0.0%
BMBL	F	0.0%
MORF	C	0.0%
TPB	A	0.0%
PKST	D	0.0%
CGEM	D	0.0%
BOC	F	0.0%
ASTH	B	0.0%
SAVA	F	0.0%
FNA	D	0.0%
MLCO	F	0.0%
LGIH	D	0.0%
DAN	F	0.0%
EDIT	D	0.0%
DENN	F	0.0%
CABA	F	0.0%
MCB	C	0.0%
MLNK	C	0.0%
ZEUS	F	0.0%
PRVA	D	0.0%
SNCY	D	0.0%
CEVA	D	0.0%
GDS	C	0.0%
OLO	F	0.0%
FSBC	C	0.0%
KE	D	0.0%
OVV	D	0.0%
LUMN	F	0.0%
SHEN	D	0.0%
GDOT	D	0.0%
FLGT	F	0.0%
TELL	D	0.0%
FIGS	D	0.0%
PFC	C	0.0%
MRVI	D	0.0%
AMRC	D	0.0%
MGPI	F	0.0%
VERV	D	0.0%
ORLA	D	0.0%
MAX	F	0.0%
MNSO	F	0.0%
KRUS	F	0.0%
LAW	F	0.0%
CTKB	D	0.0%
EYE	F	0.0%
LSCC	F	0.0%
TMCI	D	0.0%
BEAM	D	0.0%
QFIN	C	0.0%
RENB	D	0.0%
VIR	F	0.0%
CNDT	C	0.0%
TRUP	C	0.0%
PDFS	C	0.0%
SGRY	D	0.0%
MAT	F	0.0%
ELVN	B	0.0%
SEDG	F	0.0%
LPRO	F	0.0%
MXL	C	0.0%
APPN	D	0.0%
ETNB	D	0.0%
SANA	F	0.0%
SHC	D	0.0%
ZUO	D	0.0%
DH	F	0.0%
SOUN	D	0.0%
HAE	C	0.0%
WOLF	F	0.0%
IBP	C	0.0%
PACB	F	0.0%
NCNO	C	0.0%
HIBB	A	0.0%
SWBI	D	0.0%
BVN	C	0.0%
MDXG	D	0.0%
CECO	B	0.0%
VNET	C	0.0%
NMIH	A	0.0%
OSPN	C	0.0%
NABL	B	0.0%
PARR	F	0.0%
THO	D	0.0%
LAND	C	0.0%
DGII	F	0.0%
GRPN	C	0.0%
IRTC	D	0.0%
XPOF	C	0.0%
XHR	C	0.0%
HURN	C	0.0%
YOU	C	0.0%
GOGO	F	0.0%
LMND	C	0.0%
ALTG	F	0.0%
ICHR	C	0.0%
CEIX	C	0.0%
COTY	F	0.0%
CALX	D	0.0%
CRSR	F	0.0%
RVNC	D	0.0%
BROS	C	0.0%
CUBI	B	0.0%
FUBO	D	0.0%
CAR	F	0.0%
ALHC	B	0.0%
DNOW	D	0.0%
VCYT	D	0.0%
IDT	D	0.0%
QTRX	F	0.0%
TLRY	D	0.0%
RIG	F	0.0%
THRM	D	0.0%
VSCO	D	0.0%
ATEN	D	0.0%
AMC	D	0.0%
SABR	D	0.0%
ULCC	F	0.0%
SVC	F	0.0%
CYRX	F	0.0%
APLS	F	0.0%
LWLG	D	0.0%
OSUR	F	0.0%
UVV	D	0.0%
ADUS	B	0.0%
ESTA	D	0.0%
SM	D	0.0%
PDFS	C	0.0%
S	D	0.0%
GKOS	A	0.0%
SHLS	F	0.0%
HAYW	D	0.0%
CXM	F	0.0%
ENIC	C	0.0%
LILAK	A	0.0%
ENVA	A	0.0%
SITM	B	0.0%
NARI	C	0.0%
HRI	D	0.0%
HAYN	B	0.0%
FVRR	F	0.0%
NOVA	D	0.0%
ACCD	F	0.0%
ATRO	B	0.0%
AOSL	B	0.0%
SIBN	D	0.0%
RXST	D	0.0%
AMRK	D	0.0%
ATEC	D	0.0%
DBI	F	0.0%
TASK	B	0.0%
HL	C	0.0%
CHEF	B	0.0%
PENN	C	0.0%
CCB	B	0.0%
IAS	D	0.0%
EMBC	D	0.0%
NVRI	C	0.0%
AA	D	0.0%
PCVX	B	0.0%
MQ	D	0.0%
PUBM	D	0.0%
GLBE	C	0.0%
LAZR	D	0.0%
GH	C	0.0%
ARDX	F	0.0%
YY	C	0.0%
MNTK	D	0.0%
PRO	F	0.0%
NEOG	C	0.0%
ATHM	C	0.0%
TITN	F	0.0%
AVNS	C	0.0%
LCID	D	0.0%
WGO	F	0.0%
IAG	C	0.0%
CLF	F	0.0%
HTHT	F	0.0%
VZIO	B	0.0%
ARLO	B	0.0%
NNDM	F	0.0%
RRC	D	0.0%
BXC	F	0.0%
RVMD	B	0.0%
RKT	C	0.0%
AX	B	0.0%
NEXT	C	0.0%
YEXT	F	0.0%
PL	D	0.0%
XPRO	C	0.0%
UCTT	B	0.0%
FIZZ	C	0.0%
NTRA	B	0.0%
GRAB	D	0.0%
CCBG	C	0.0%
CYTK	D	0.0%
BRBR	D	0.0%
NVCR	D	0.0%
VRDN	F	0.0%
DFH	F	0.0%
DUOL	F	0.0%
SQSP	B	0.0%
IIIV	C	0.0%
PODD	C	0.0%
FRSH	F	0.0%
FSLY	F	0.0%
QNST	D	0.0%
ACHR	D	0.0%
SPWR	F	0.0%
CNC	D	0.0%
STAA	C	0.0%
CSTL	F	0.0%
INN	D	0.0%
NX	F	0.0%
AR	D	0.0%
MOMO	C	0.0%
DHC	C	0.0%
FC	C	0.0%
MTW	F	0.0%
SIGA	C	0.0%
CFLT	F	0.0%
AXSM	C	0.0%
UWMC	C	0.0%
ZI	F	0.0%
FCEL	F	0.0%
PRG	D	0.0%
METC	D	0.0%
UEC	C	0.0%
PTON	F	0.0%
EVRI	D	0.0%
PCT	C	0.0%
MTCH	D	0.0%
EB	F	0.0%
PHAT	C	0.0%
FIVN	F	0.0%
BURL	A	0.0%
LEU	D	0.0%
FDMT	D	0.0%
NUVL	C	0.0%
ADNT	F	0.0%
NCLH	C	0.0%
TNDM	C	0.0%
CERT	F	0.0%
WRBY	D	0.0%
GNK	D	0.0%
DIN	F	0.0%
OPEN	F	0.0%
LSPD	F	0.0%
BIGC	D	0.0%
APPF	B	0.0%
RNG	F	0.0%
PFSI	A	0.0%
PAR	B	0.0%
KHC	D	0.0%
TXG	F	0.0%
TTWO	F	0.0%
SNDX	B	0.0%
VRNS	C	0.0%
KC	F	0.0%
REZI	D	0.0%
DCO	A	0.0%
VVI	C	0.0%
SDGR	F	0.0%
SITE	F	0.0%
ARCT	F	0.0%
BYND	F	0.0%
OSCR	D	0.0%
TUYA	F	0.0%
VGR	C	0.0%
PGC	D	0.0%
PLUG	D	0.0%
PTGX	B	0.0%
PETQ	C	0.0%
FROG	C	0.0%
PLPC	F	0.0%
TRNS	C	0.0%
ACVA	D	0.0%
ENFN	F	0.0%
CASS	D	0.0%
HSII	D	0.0%
LYFT	F	0.0%
NTLA	D	0.0%
IBUY	C	0.0%
DDD	D	0.0%
PRCT	C	0.0%
ZLAB	F	0.0%
UPWK	D	0.0%
DOCN	D	0.0%
BRZE	F	0.0%
WEAV	D	0.0%
ARVN	F	0.0%
CIG	C	0.0%
KLG	F	0.0%
KEP	D	0.0%
RGEN	F	0.0%
ARRY	F	0.0%
IIIN	D	0.0%
SAM	D	0.0%
CRMT	D	0.0%
GDRX	C	0.0%
KREF	D	0.0%
GDYN	D	0.0%
CHGX	A	0.0%
ETSY	F	0.0%
HEES	D	0.0%
RXRX	F	0.0%
VMEO	F	0.0%
KYMR	C	0.0%
EXTR	D	0.0%
CSGP	F	0.0%
RLJ	D	0.0%
BILI	C	0.0%
TIGR	C	0.0%
HCP	B	0.0%
UPST	D	0.0%
RUN	D	0.0%
EQT	D	0.0%
CTLP	F	0.0%
INDI	D	0.0%
SPR	B	0.0%
FLYW	F	0.0%
AMPS	D	0.0%
INSW	D	0.0%
TDOC	F	0.0%
DOCS	C	0.0%
LEGH	C	0.0%
FLNC	F	0.0%
CYH	D	0.0%
WIX	C	0.0%
HUYA	D	0.0%
EVH	F	0.0%
DRH	D	0.0%
REG	B	0.0%
NVAX	D	0.0%
QS	D	0.0%
NEO	D	0.0%
AUPH	D	0.0%
MEG	D	0.0%
USLM	B	0.0%
VICR	D	0.0%
SRRK	F	0.0%
VPG	D	0.0%
CHPT	D	0.0%
RCKT	F	0.0%
TIGO	B	0.0%
DT	F	0.0%
ODFL	C	0.0%
PIXY	F	0.0%
SPT	D	0.0%
PATH	F	0.0%
ESTC	C	0.0%
EXPI	D	0.0%
AUR	C	0.0%
ROCK	D	0.0%
ASAN	F	0.0%
CIB	C	0.0%
RDFN	D	0.0%
DNA	F	0.0%
PNR	D	0.0%
PLAB	F	0.0%
JELD	F	0.0%
RPAY	D	0.0%
ALKT	B	0.0%
CDE	A	0.0%
ANF	C	0.0%
VKTX	D	0.0%
SONO	F	0.0%
BJRI	B	0.0%
CC	F	0.0%
COHR	B	0.0%
CIFR	C	0.0%
ATKR	F	0.0%
DMRC	C	0.0%
BILL	F	0.0%

SPGM Underweight 213 Positions Relative to BSV

Symbol	Grade	Weight
TAP	F	-0.02%
NI	A	-0.02%
VOD	B	-0.02%
MCHP	D	-0.02%
NNN	A	-0.01%
NEU	D	-0.01%
NDAQ	B	-0.01%
MAS	C	-0.01%
PCAR	D	-0.01%
MLM	D	-0.01%
LNC	B	-0.01%
MHK	C	-0.01%
OGS	C	-0.01%
MCO	A	-0.01%
IVZ	C	-0.01%
HRL	F	-0.01%
HP	D	-0.01%
JHG	B	-0.01%
JEF	A	-0.01%
JD	D	-0.01%
HAS	D	-0.01%
L	C	-0.01%
H	B	-0.01%
KMPR	B	-0.01%
ES	C	-0.01%
EQH	A	-0.01%
EPR	C	-0.01%
EFX	C	-0.01%
FRT	A	-0.01%
DAL	D	-0.01%
FNB	A	-0.01%
CSL	B	-0.01%
FMC	F	-0.01%
FLS	C	-0.01%
GBDC	D	-0.01%
BC	D	-0.01%
AIZ	D	-0.01%
CNA	A	-0.01%
AVT	C	-0.01%
AVB	C	-0.01%
BRX	B	-0.01%
ATO	B	-0.01%
AEE	C	-0.01%
ARW	D	-0.01%
BKU	B	-0.01%
CE	D	-0.01%
AN	C	-0.01%
CACC	C	-0.01%
CPT	B	-0.01%
BDN	C	-0.01%
BCSF	A	-0.01%
THG	D	-0.01%
UNM	D	-0.01%
WEC	D	-0.01%
WAL	B	-0.01%
SWK	D	-0.01%
TRMB	C	-0.01%
XEL	D	-0.01%
WPC	C	-0.01%
SLG	B	-0.01%
SKT	D	-0.01%
SITC	A	-0.01%
RS	C	-0.01%
PXD	B	-0.01%
PVH	D	-0.01%
PHM	C	-0.01%
RL	C	-0.01%
PFG	C	-0.01%
RGA	A	-0.01%
PPG	D	-0.01%
SNX	D	-0.01%
SNV	A	-0.01%
MAIN	A	-0.01%
MAA	B	-0.01%
NFG	C	-0.01%
ORI	C	-0.01%
OPI	D	-0.01%
LNT	B	-0.01%
LII	B	-0.01%
OCSL	F	-0.01%
OC	C	-0.01%
LEG	D	-0.01%
MSI	B	-0.01%
LAZ	B	-0.01%
NTRS	B	-0.01%
PDM	A	-0.01%
GSBD	A	-0.01%
HUBB	D	-0.01%
HRB	C	-0.01%
IPG	F	-0.01%
IP	C	-0.01%
HII	D	-0.01%
JBHT	D	-0.01%
GWW	D	-0.01%
KRC	C	-0.01%
KR	C	-0.01%
FHN	A	-0.01%
EMN	D	-0.01%
ED	D	-0.01%
CUBE	B	-0.01%
FAF	D	-0.01%
FLEX	D	-0.01%
DOV	C	-0.01%
COKE	C	-0.01%
CNP	D	-0.01%
BWA	F	-0.01%
CMS	D	-0.01%
AWH	F	-0.01%
AFG	D	-0.01%
BRO	B	-0.01%
BR	B	-0.01%
BKH	C	-0.01%
APH	B	-0.01%
CP	C	-0.01%
UDR	B	-0.01%
UAL	D	-0.01%
TDY	D	-0.01%
WAB	D	-0.01%
TXT	C	-0.01%
TSLX	A	-0.01%
SWKS	B	-0.01%
VOYA	D	-0.01%
VNO	C	-0.01%
VMC	C	-0.01%
WY	D	-0.01%
WU	D	-0.01%
VFC	D	-0.01%
TKR	D	-0.01%
WHR	C	-0.01%
PNW	B	-0.01%
ROK	C	-0.01%
RNR	D	-0.01%
SF	B	-0.01%
PSEC	B	-0.01%
SCCO	C	-0.01%
RF	A	-0.01%
SBRA	B	-0.01%
GLPI	B	-0.01%
ESS	B	-0.01%
KEY	B	-0.01%
KDP	D	-0.01%
HUM	D	-0.01%
OHI	A	-0.01%
LHX	A	-0.01%
LH	C	-0.01%
O	C	-0.01%
BHP	C	-0.01%
BG	B	-0.01%
AZO	C	-0.01%
AWK	C	-0.01%
AGR	D	-0.01%
DTE	C	-0.01%
EVRG	C	-0.01%
ETR	D	-0.01%
CNO	A	-0.01%
GP	F	-0.01%
MAR	C	-0.01%
WB	F	-0.01%
VTR	A	-0.01%
VRSK	B	-0.01%
STLD	C	-0.01%
SRE	B	-0.01%
R	C	-0.01%
PKG	C	-0.01%
HBAN	C	-0.01%
DGX	B	-0.01%
FSK	A	-0.01%
D	C	-0.01%
LEN	C	-0.01%
FANG	B	-0.01%
CAH	F	-0.01%
AL	C	-0.01%
BXP	B	-0.01%
WLK	D	-0.01%
RSG	A	-0.01%
ROP	C	-0.01%
WRK	C	-0.01%
RPRX	D	-0.01%
CPB	B	-0.01%
AIG	C	-0.01%
CM	B	-0.01%
AER	B	-0.01%
CCI	C	-0.01%
BERY	C	-0.01%
CAF	F	-0.01%
ICE	A	-0.01%
ET	B	-0.01%
OMC	C	-0.01%
PAA	B	-0.01%
TFC	A	-0.01%
ZBH	F	-0.01%
STZ	B	-0.01%
ARE	B	-0.01%
ARCC	A	-0.01%
AMP	B	-0.01%
CMA	A	-0.01%
DG	D	-0.01%
EDC	B	-0.01%
COE	C	-0.01%
MPLX	C	-0.01%
GSK	D	-0.01%
OKE	A	-0.01%
EPD	B	-0.01%
DB	B	-0.01%
RY	B	-0.01%
BNS	C	-0.01%
FITB	B	-0.01%
EQNR	D	-0.01%
NWG	B	-0.01%
LUV	D	-0.01%
WELL	B	-0.01%
BMO	D	-0.01%
HSBC	D	-0.01%