SPGM vs. DFIC ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Dimensional International Core Equity 2 ETF (DFIC)

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

$63.97

Average Daily Volume

55,379

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

DFIC

Dimensional International Core Equity 2 ETF

DFIC Description

Dimensional International Core Equity 2 ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund is co-managed by DFA Australia Limited and Dimensional Fund Advisors Ltd. The fund invests in public equity markets of global ex-US region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. Dimensional International Core Equity 2 ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.94

Average Daily Volume

795,960

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	DFIC
30 Days	2.55%	2.96%
60 Days	4.08%	4.45%
90 Days	5.39%	7.60%
12 Months	26.14%	19.43%

43 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in DFIC	Overlap
ABBV	C	0.19%	0.28%	0.19%
ABBV	C	0.44%	0.28%	0.28%
AZN	D	0.1%	0.51%	0.1%
BCS	B	0.06%	0.05%	0.05%
BCS	B	0.06%	0.17%	0.06%
CHGX	B	0.0%	0.01%	0.0%
CHRD	F	0.0%	0.04%	0.0%
CNI	D	0.14%	0.15%	0.14%
DEO	C	0.07%	0.14%	0.07%
E	C	0.05%	0.18%	0.05%
FLNG	C	0.01%	0.01%	0.01%
FRO	D	0.01%	0.01%	0.01%
GOLD	C	0.02%	0.13%	0.02%
HMC	D	0.03%	0.09%	0.03%
HMC	D	0.03%	0.08%	0.03%
IAG	C	0.0%	0.05%	0.0%
LSPD	D	0.0%	0.01%	0.0%
LYG	B	0.06%	0.03%	0.03%
LYG	B	0.06%	0.18%	0.06%
MBAVU	C	0.0%	0.02%	0.0%
MFG	D	0.06%	0.1%	0.06%
MT	D	0.02%	0.04%	0.02%
MUFG	D	0.15%	0.3%	0.15%
NMR	D	0.05%	0.05%	0.05%
NMR	D	0.05%	0.04%	0.04%
NVS	C	0.25%	0.88%	0.25%
NVS	C	0.25%	0.1%	0.1%
ORLA	C	0.0%	0.01%	0.0%
PIXY	F	0.0%	0.01%	0.0%
RENB	F	0.0%	0.0%	0.0%
SHOP	C	0.1%	0.01%	0.01%
SMFG	D	0.08%	0.1%	0.08%
SMFG	D	0.08%	0.09%	0.08%
SONY	C	0.22%	0.39%	0.22%
STLA	F	0.05%	0.18%	0.05%
TAC	B	0.03%	0.01%	0.01%
TD	B	0.13%	0.33%	0.13%
TEVA	C	0.02%	0.03%	0.02%
TLRY	F	0.0%	0.0%	0.0%
TM	F	0.27%	0.73%	0.27%
TM	F	0.27%	0.01%	0.01%
UL	C	0.19%	0.38%	0.19%
VGR	B	0.07%	0.0%	0.0%

SPGM Overweight 964 Positions Relative to DFIC

Symbol	Grade	Weight
AAPL	C	3.84%
MSFT	C	3.54%
NVDA	D	3.42%
AMZN	C	2.01%
META	B	1.37%
GOOG	D	1.0%
GOOGL	D	1.0%
TSM	C	0.94%
LLY	C	0.89%
AVGO	C	0.86%
JPM	D	0.83%
TSLA	C	0.74%
BRK.A	C	0.73%
UNH	C	0.7%
V	C	0.66%
XOM	C	0.65%
COST	B	0.58%
HD	B	0.54%
PG	C	0.52%
TMO	B	0.47%
BAC	D	0.46%
JNJ	C	0.43%
MA	B	0.42%
WMT	C	0.4%
ADBE	F	0.4%
TXN	C	0.39%
MRK	D	0.39%
CRM	D	0.39%
ORCL	C	0.38%
INTU	C	0.37%
TJX	B	0.36%
ABT	C	0.36%
KO	C	0.35%
LIN	B	0.35%
DHR	B	0.35%
RTX	C	0.34%
WFC	D	0.33%
AXP	B	0.33%
CSCO	C	0.32%
NFLX	B	0.32%
CVX	D	0.31%
GS	C	0.31%
PEP	C	0.3%
QCOM	D	0.29%
ACN	C	0.29%
IBM	B	0.29%
LOW	B	0.29%
UNP	C	0.28%
NEE	C	0.28%
AMD	D	0.27%
AMAT	D	0.27%
PLD	C	0.27%
CAT	B	0.27%
CB	B	0.27%
LMT	C	0.27%
AFL	C	0.26%
PSA	B	0.25%
BKNG	C	0.25%
MDT	C	0.25%
SPGI	B	0.25%
AMGN	B	0.25%
MS	D	0.24%
DIS	D	0.24%
ELV	C	0.24%
GD	B	0.24%
A	C	0.23%
C	D	0.23%
MCD	B	0.23%
PFE	C	0.22%
CMI	C	0.22%
WM	D	0.22%
ADP	B	0.22%
SBUX	C	0.21%
ORLY	C	0.21%
T	C	0.21%
PM	C	0.21%
MCK	F	0.21%
NKE	D	0.2%
TRV	C	0.2%
SYK	C	0.2%
HON	D	0.2%
AMT	C	0.2%
ETN	C	0.2%
MMC	C	0.19%
DE	B	0.19%
CSX	D	0.19%
MET	B	0.19%
BABA	B	0.19%
ROST	C	0.19%
BDX	D	0.18%
BK	B	0.18%
IBN	B	0.18%
INFY	C	0.18%
GILD	B	0.18%
NOC	B	0.18%
FDX	C	0.18%
ADI	C	0.18%
CMCSA	D	0.17%
NSC	C	0.17%
EMR	D	0.17%
ISRG	B	0.17%
MPC	F	0.17%
PGR	B	0.17%
TT	B	0.17%
COP	D	0.17%
AEP	C	0.17%
ALL	B	0.16%
JCI	B	0.16%
TEL	D	0.16%
ECL	B	0.15%
EOG	D	0.15%
PRU	C	0.15%
PH	B	0.15%
VZ	B	0.15%
PNC	B	0.15%
CL	D	0.15%
DFS	C	0.15%
RDY	D	0.14%
GLW	C	0.14%
SPG	B	0.14%
CVS	D	0.14%
HSY	C	0.14%
GE	B	0.14%
PEG	C	0.14%
BSX	B	0.14%
NOW	B	0.14%
REGN	C	0.14%
SCHW	D	0.14%
PYPL	B	0.13%
BMY	C	0.13%
KEYS	C	0.13%
CLX	C	0.13%
UBER	C	0.13%
SYY	D	0.13%
ITW	C	0.13%
CTSH	C	0.13%
USB	B	0.12%
INTC	F	0.12%
COF	B	0.12%
IR	C	0.12%
FAST	C	0.12%
KMB	D	0.12%
MKC	C	0.12%
EIX	C	0.12%
TGT	C	0.12%
EBAY	B	0.11%
HPQ	D	0.11%
ROIC	C	0.11%
CEG	C	0.11%
HES	F	0.11%
DUK	C	0.11%
MMM	B	0.11%
MTB	B	0.11%
UPS	D	0.11%
MELI	B	0.11%
VLO	F	0.11%
BA	F	0.11%
YUM	D	0.11%
UMH	C	0.1%
NTAP	D	0.1%
PANW	D	0.1%
CMG	C	0.1%
ZTS	C	0.1%
CHT	B	0.09%
BIIB	F	0.09%
CI	C	0.09%
MO	C	0.09%
CHTR	D	0.09%
ADM	D	0.09%
CME	C	0.09%
SO	B	0.08%
GM	C	0.08%
VRTX	D	0.08%
UMC	C	0.08%
SJM	C	0.08%
LYB	D	0.08%
DD	B	0.08%
BLK	B	0.08%
TSN	C	0.08%
PPL	C	0.08%
CHRW	B	0.08%
MU	F	0.07%
HDB	C	0.07%
JNPR	B	0.07%
MRO	D	0.07%
EXC	C	0.07%
WDC	D	0.07%
CRWD	D	0.07%
K	B	0.07%
PDD	F	0.07%
SLB	F	0.07%
LRCX	F	0.07%
VALE	D	0.07%
WMB	B	0.07%
STX	C	0.07%
F	F	0.07%
DOW	D	0.07%
STT	B	0.07%
PLTR	B	0.07%
NXRT	C	0.07%
CHD	D	0.07%
APD	B	0.07%
AON	B	0.07%
CTVA	B	0.07%
FE	C	0.07%
ITUB	C	0.06%
HPE	D	0.06%
TCOM	C	0.06%
TMUS	C	0.06%
PKX	D	0.06%
WIT	C	0.06%
FTV	C	0.06%
EL	F	0.06%
GIS	B	0.06%
CARR	B	0.06%
MDLZ	B	0.06%
DEA	B	0.06%
ANET	B	0.06%
BAX	C	0.06%
CDNS	D	0.06%
EQR	B	0.06%
EQIX	C	0.05%
MRVL	C	0.05%
TTD	B	0.05%
BEN	F	0.05%
VRT	C	0.05%
HAL	F	0.05%
FOXA	B	0.05%
GOOD	B	0.05%
VLTO	C	0.05%
OXY	F	0.05%
DOC	C	0.05%
BX	B	0.05%
KLAC	D	0.05%
PSX	F	0.05%
CAG	C	0.05%
LNTH	D	0.04%
LW	D	0.04%
KVUE	C	0.04%
KB	D	0.04%
TMDX	D	0.04%
AXON	B	0.04%
ALLE	B	0.04%
OTIS	C	0.04%
ABNB	D	0.04%
FCX	D	0.04%
SNPS	F	0.04%
DLTR	F	0.04%
NEM	B	0.04%
SYF	C	0.04%
GEV	B	0.04%
MOD	A	0.04%
SQ	D	0.03%
RCL	B	0.03%
HOV	C	0.03%
IFF	B	0.03%
KMI	B	0.03%
AA	D	0.03%
AXNX	B	0.03%
TBBK	B	0.03%
NET	D	0.03%
DASH	C	0.03%
BIDU	D	0.03%
NU	B	0.03%
HCA	B	0.03%
YUMC	D	0.03%
MRNA	F	0.03%
BRSP	D	0.03%
SNOW	F	0.03%
LNW	B	0.03%
COIN	F	0.03%
PBR	D	0.03%
LDOS	B	0.03%
SE	B	0.03%
LVS	D	0.03%
MPWR	C	0.03%
SHW	B	0.03%
TPR	C	0.03%
BBD	C	0.03%
DX	B	0.03%
DVN	F	0.02%
INSP	C	0.02%
ICE	C	0.02%
TDG	B	0.02%
DXCM	F	0.02%
ACEL	C	0.02%
HUBS	D	0.02%
GGB	D	0.02%
AZEK	C	0.02%
PARA	F	0.02%
TTGT	F	0.02%
LULU	D	0.02%
WBD	D	0.02%
ZM	C	0.02%
VEEV	C	0.02%
DYN	D	0.02%
ZS	F	0.02%
RBLX	B	0.02%
SKY	B	0.02%
MCO	B	0.02%
AIV	B	0.02%
CHCT	F	0.02%
URI	B	0.02%
CVNA	B	0.02%
LI	D	0.02%
MOS	F	0.02%
CFG	C	0.02%
DELL	D	0.02%
CF	C	0.02%
MSTR	D	0.02%
CHX	F	0.02%
ADMA	B	0.02%
FSLR	C	0.02%
HIMS	D	0.02%
QTWO	A	0.02%
TEAM	D	0.02%
ABEV	C	0.02%
DKNG	C	0.02%
AHH	C	0.02%
APP	C	0.02%
BABA	B	0.02%
WTTR	D	0.02%
FICO	B	0.02%
BKR	C	0.02%
MDB	D	0.02%
IIPR	B	0.02%
FTI	D	0.02%
DDOG	D	0.02%
ITCI	D	0.02%
GEHC	C	0.02%
FTNT	C	0.02%
SMCI	F	0.02%
SHG	C	0.02%
WDAY	D	0.02%
LEGH	B	0.01%
SQM	D	0.01%
NRIX	C	0.01%
DT	C	0.01%
ELAN	D	0.01%
VMEO	C	0.01%
NEO	C	0.01%
REG	C	0.01%
PHAT	C	0.01%
M	F	0.01%
AUPH	C	0.01%
WSR	D	0.01%
FLNC	C	0.01%
JBI	F	0.01%
NPAB	D	0.01%
CMPR	F	0.01%
CCO	C	0.01%
EXPI	C	0.01%
CCB	B	0.01%
NOVA	C	0.01%
LASR	F	0.01%
ITRI	C	0.01%
CHPT	F	0.01%
NR	D	0.01%
PNR	B	0.01%
RLAY	D	0.01%
PACB	D	0.01%
JKS	D	0.01%
KYMR	C	0.01%
GNRC	D	0.01%
QS	F	0.01%
KOP	F	0.01%
IDXX	C	0.01%
DXC	C	0.01%
FATE	F	0.01%
BOOT	A	0.01%
DOCS	B	0.01%
EDIT	F	0.01%
W	D	0.01%
VKTX	C	0.01%
BLFS	C	0.01%
PACK	D	0.01%
OPEN	D	0.01%
ASPN	D	0.01%
NOV	F	0.01%
LIND	C	0.01%
CENX	D	0.01%
DQ	D	0.01%
GTLB	D	0.01%
PTEN	F	0.01%
UPST	C	0.01%
OGN	D	0.01%
SMAR	C	0.01%
FUTU	D	0.01%
LUMN	C	0.01%
VERV	F	0.01%
FBK	B	0.01%
AMSC	D	0.01%
DLR	B	0.01%
U	D	0.01%
KD	D	0.01%
RLX	F	0.01%
XPO	D	0.01%
TGI	F	0.01%
MCB	C	0.01%
BCRX	C	0.01%
PCH	C	0.01%
IMVT	D	0.01%
EVH	C	0.01%
LCID	C	0.01%
BBWI	F	0.01%
SLP	F	0.01%
CLSK	F	0.01%
PTCT	C	0.01%
PHI	D	0.01%
OMI	D	0.01%
ULH	C	0.01%
YETI	D	0.01%
ALEX	B	0.01%
AUR	C	0.01%
BLBD	D	0.01%
MGNI	D	0.01%
ALGN	D	0.01%
PAY	D	0.01%
OSW	C	0.01%
NXPI	F	0.01%
LBRDK	F	0.01%
CZR	C	0.01%
CLNE	C	0.01%
PTON	C	0.01%
LWLG	F	0.01%
PEN	D	0.01%
AAON	B	0.01%
CASH	B	0.01%
DOCU	C	0.01%
CYH	B	0.01%
CELH	F	0.01%
RUN	C	0.01%
RKLB	C	0.01%
MCRI	C	0.01%
LOB	B	0.01%
Z	B	0.01%
TTI	F	0.01%
BGNE	C	0.01%
MDGL	F	0.01%
AGNC	B	0.01%
FOUR	C	0.01%
RVLV	B	0.01%
PNTG	B	0.01%
PRTA	F	0.01%
TWLO	D	0.01%
SEMR	D	0.01%
MARA	F	0.01%
EFC	B	0.01%
RNA	D	0.01%
COLL	C	0.01%
EXPE	C	0.01%
IDYA	F	0.01%
SOFI	C	0.01%
GSAT	F	0.01%
RCUS	C	0.01%
INMD	D	0.01%
SRPT	D	0.01%
ADSK	C	0.01%
BZH	B	0.01%
SQ	D	0.01%
ALNY	C	0.01%
HASI	C	0.01%
TREX	D	0.01%
RDNT	B	0.01%
INTA	A	0.01%
VSTO	C	0.01%
MNDY	B	0.01%
TME	F	0.01%
MRC	D	0.01%
CROX	D	0.01%
ALB	D	0.01%
XPEV	C	0.01%
AES	C	0.01%
DH	D	0.01%
BHF	F	0.01%
GME	F	0.01%
POWL	C	0.01%
GMS	D	0.01%
BEKE	D	0.01%
SID	D	0.01%
PHR	D	0.01%
ROKU	C	0.01%
TDOC	D	0.01%
CLDT	D	0.01%
THR	D	0.01%
CPRX	B	0.01%
NBR	F	0.01%
OKTA	F	0.01%
RDFN	C	0.01%
MBIN	D	0.01%
SCCO	D	0.01%
ENS	D	0.01%
CLBT	B	0.01%
HSTM	D	0.01%
EXAS	C	0.01%
AKO.A	D	0.01%
AKRO	C	0.01%
SNAP	F	0.01%
TWST	D	0.01%
DDD	F	0.01%
CCS	B	0.01%
PBF	F	0.01%
TOST	C	0.01%
APA	F	0.01%
SDGR	D	0.01%
VNT	F	0.01%
CLDX	C	0.01%
ARWR	F	0.01%
FIS	B	0.01%
TAL	F	0.01%
ZETA	C	0.01%
EPAM	F	0.01%
MATX	B	0.01%
DVAX	D	0.01%
ABR	B	0.01%
VERX	D	0.01%
ERJ	C	0.01%
TREE	C	0.01%
KEX	C	0.01%
GERN	D	0.01%
CNH	D	0.01%
NWSA	D	0.01%
MHO	B	0.01%
ILMN	C	0.01%
PLAY	F	0.01%
ORA	C	0.01%
VIPS	D	0.01%
VTRS	D	0.01%
IMXI	D	0.01%
KOS	F	0.01%
APH	D	0.01%
TGTX	C	0.01%
COMP	C	0.01%
RYTM	B	0.01%
NIO	C	0.01%
KSS	F	0.01%
MTDR	F	0.01%
AFRM	C	0.01%
EPRT	B	0.01%
PLMR	C	0.01%
CCL	C	0.01%
RIVN	F	0.01%
ENPH	D	0.01%
BLDR	C	0.01%
BBIO	D	0.01%
ALLY	F	0.01%
GMRE	C	0.01%
OII	D	0.01%
AGYS	D	0.01%
SOLV	C	0.01%
ON	D	0.01%
WBA	F	0.01%
NUE	F	0.01%
PINS	F	0.01%
GRBK	B	0.01%
KRYS	D	0.0%
XPEV	C	0.0%
LI	D	0.0%
SMWB	C	0.0%
MP	D	0.0%
SCLX	F	0.0%
AGL	F	0.0%
OEC	F	0.0%
JOBY	F	0.0%
JAMF	D	0.0%
BMBL	F	0.0%
FLWS	F	0.0%
CRCT	C	0.0%
TH	D	0.0%
MLCO	D	0.0%
WOLF	F	0.0%
DAN	F	0.0%
SPRY	C	0.0%
DENN	D	0.0%
ZEUS	F	0.0%
CGEM	D	0.0%
BOC	D	0.0%
TPB	B	0.0%
OVV	F	0.0%
KE	F	0.0%
SNCY	D	0.0%
ASTH	B	0.0%
FNA	F	0.0%
SHEN	F	0.0%
LGIH	C	0.0%
LSCC	D	0.0%
KRNT	B	0.0%
PKST	C	0.0%
HDSN	D	0.0%
MLNK	C	0.0%
PRVA	F	0.0%
TMCI	F	0.0%
MXL	F	0.0%
FIGS	F	0.0%
EYE	F	0.0%
OLO	D	0.0%
MNSO	D	0.0%
PUMP	D	0.0%
PDFS	F	0.0%
FLGT	D	0.0%
SAGE	F	0.0%
FSBC	B	0.0%
SEDG	F	0.0%
OLPX	C	0.0%
CRSR	F	0.0%
CEVA	C	0.0%
REPL	C	0.0%
MGPI	D	0.0%
VIR	F	0.0%
CTKB	F	0.0%
APTV	D	0.0%
PFC	C	0.0%
BVN	F	0.0%
DJT	F	0.0%
PARR	F	0.0%
CAR	F	0.0%
KRUS	C	0.0%
LYEL	D	0.0%
GRPN	F	0.0%
MRVI	C	0.0%
HAE	F	0.0%
HOG	C	0.0%
GDS	B	0.0%
IRTC	F	0.0%
ICHR	F	0.0%
ZUO	F	0.0%
LPRO	D	0.0%
NABL	D	0.0%
ATEC	F	0.0%
SWBI	F	0.0%
CNDT	C	0.0%
GOGO	F	0.0%
ELVN	D	0.0%
QFIN	B	0.0%
RGNX	F	0.0%
MAX	C	0.0%
NCNO	D	0.0%
MDXG	F	0.0%
APPN	D	0.0%
MAT	C	0.0%
XPOF	D	0.0%
RIG	F	0.0%
CECO	D	0.0%
BROS	D	0.0%
IBP	D	0.0%
HE	F	0.0%
ETNB	F	0.0%
SAVA	C	0.0%
HUMA	D	0.0%
CEIX	D	0.0%
CXM	F	0.0%
SGRY	C	0.0%
DNOW	D	0.0%
ITOS	F	0.0%
XHR	B	0.0%
PDFS	F	0.0%
ULCC	D	0.0%
COTY	F	0.0%
THO	D	0.0%
OLMA	D	0.0%
LAND	C	0.0%
SVC	D	0.0%
SM	F	0.0%
HURN	C	0.0%
THRM	D	0.0%
ATEN	C	0.0%
QTRX	D	0.0%
NEXT	F	0.0%
PRO	F	0.0%
NMIH	B	0.0%
LMND	D	0.0%
CALX	D	0.0%
CUBI	F	0.0%
PUBM	F	0.0%
LESL	F	0.0%
ESTA	D	0.0%
IDT	C	0.0%
DBI	F	0.0%
DGII	D	0.0%
SHC	C	0.0%
ENIC	F	0.0%
NARI	F	0.0%
VNET	C	0.0%
CLF	F	0.0%
GKOS	C	0.0%
UCTT	F	0.0%
AOSL	D	0.0%
LILAK	D	0.0%
SABR	D	0.0%
ADUS	B	0.0%
APLS	F	0.0%
UVV	D	0.0%
ATRO	D	0.0%
TASK	F	0.0%
S	C	0.0%
HRI	D	0.0%
KRNY	C	0.0%
SHLS	D	0.0%
AMRC	C	0.0%
HAYN	D	0.0%
RXST	C	0.0%
MERC	F	0.0%
MNTK	D	0.0%
CHEF	D	0.0%
PENN	D	0.0%
SITM	B	0.0%
GH	D	0.0%
HAYW	C	0.0%
MQ	F	0.0%
STAA	F	0.0%
XPRO	F	0.0%
FVRR	C	0.0%
ALHC	C	0.0%
TITN	F	0.0%
ARLO	F	0.0%
VSCO	C	0.0%
FIVN	F	0.0%
EB	F	0.0%
CFLT	F	0.0%
METC	F	0.0%
SOUN	D	0.0%
NNDM	F	0.0%
RRC	D	0.0%
VCYT	B	0.0%
IOVA	C	0.0%
HTHT	D	0.0%
YOU	C	0.0%
YMAB	C	0.0%
ENVA	C	0.0%
FIZZ	D	0.0%
FSLY	D	0.0%
SKE	C	0.0%
EGBN	C	0.0%
SIBN	D	0.0%
ORIC	D	0.0%
GLBE	C	0.0%
AR	F	0.0%
HL	C	0.0%
ATHM	C	0.0%
IAS	D	0.0%
SMR	D	0.0%
NEOG	D	0.0%
NVRI	D	0.0%
BHB	A	0.0%
EYPT	D	0.0%
FRSH	F	0.0%
WGO	D	0.0%
DHI	B	0.0%
ZI	D	0.0%
OSPN	B	0.0%
CYRX	D	0.0%
BIGC	F	0.0%
ARDX	D	0.0%
MTW	F	0.0%
YY	C	0.0%
VZIO	B	0.0%
ARQT	C	0.0%
GRAB	C	0.0%
INDI	F	0.0%
BRBR	C	0.0%
CYTK	F	0.0%
AMRK	C	0.0%
GNK	D	0.0%
IIIV	D	0.0%
BXC	D	0.0%
EMBC	C	0.0%
ADNT	F	0.0%
ARRY	F	0.0%
CDMO	B	0.0%
NVCR	D	0.0%
ATUS	C	0.0%
UEC	D	0.0%
AX	D	0.0%
LMB	B	0.0%
NX	F	0.0%
RVMD	C	0.0%
BEAM	F	0.0%
AVNS	B	0.0%
SQSP	A	0.0%
UNIT	C	0.0%
FC	D	0.0%
GXO	D	0.0%
DIN	F	0.0%
JANX	C	0.0%
SIGA	D	0.0%
FROG	F	0.0%
WRBY	D	0.0%
TUYA	D	0.0%
NTRA	C	0.0%
DUOL	B	0.0%
LXRX	F	0.0%
APPF	D	0.0%
MOMO	D	0.0%
EWCZ	F	0.0%
CDNA	C	0.0%
LEU	D	0.0%
GDOT	C	0.0%
KC	F	0.0%
ALT	D	0.0%
CNC	D	0.0%
PODD	B	0.0%
DHC	B	0.0%
FDMT	F	0.0%
WOOF	C	0.0%
INN	B	0.0%
STOK	C	0.0%
QNST	B	0.0%
TRUP	C	0.0%
CCBG	B	0.0%
YEXT	C	0.0%
PL	F	0.0%
AMC	F	0.0%
PCVX	C	0.0%
IQ	F	0.0%
SNDX	F	0.0%
UPWK	D	0.0%
ESTC	F	0.0%
CRMT	F	0.0%
WULF	D	0.0%
DFH	C	0.0%
MEG	F	0.0%
RKT	C	0.0%
REZI	D	0.0%
VVI	D	0.0%
RNG	F	0.0%
NTLA	F	0.0%
TIGR	F	0.0%
LYFT	D	0.0%
ATKR	F	0.0%
XMTR	D	0.0%
BRZE	F	0.0%
AXSM	C	0.0%
HST	C	0.0%
PLPC	D	0.0%
KIM	C	0.0%
BURL	B	0.0%
NCLH	C	0.0%
SAM	F	0.0%
ENFN	D	0.0%
RVNC	D	0.0%
TNDM	C	0.0%
TTWO	C	0.0%
ELF	F	0.0%
TELL	C	0.0%
ACHR	F	0.0%
CIFR	F	0.0%
SPT	F	0.0%
INSW	D	0.0%
TRNS	D	0.0%
RXRX	F	0.0%
ETSY	F	0.0%
PCG	C	0.0%
VRNS	C	0.0%
MTCH	C	0.0%
NUVL	C	0.0%
KHC	C	0.0%
AMPS	F	0.0%
CASS	C	0.0%
DCO	A	0.0%
IBUY	B	0.0%
PCT	C	0.0%
NSSC	F	0.0%
ERAS	C	0.0%
PFSI	C	0.0%
CLOV	C	0.0%
UWMC	D	0.0%
EQT	D	0.0%
ANF	D	0.0%
VPG	F	0.0%
GDRX	D	0.0%
PAR	B	0.0%
HUYA	D	0.0%
BILI	C	0.0%
BLND	C	0.0%
REPX	D	0.0%
ARCT	F	0.0%
FUBO	D	0.0%
SITE	C	0.0%
CC	F	0.0%
RLJ	D	0.0%
CERT	F	0.0%
HEES	D	0.0%
PRG	A	0.0%
TXG	D	0.0%
CSTL	C	0.0%
IIIN	D	0.0%
ARVN	F	0.0%
APLD	C	0.0%
ACVA	B	0.0%
VRDN	C	0.0%
HSII	C	0.0%
CTLP	F	0.0%
PGC	C	0.0%
BJRI	D	0.0%
MNMD	F	0.0%
KLG	C	0.0%
BZ	F	0.0%
LC	D	0.0%
OSCR	B	0.0%
SANA	F	0.0%
DOCN	A	0.0%
HCP	B	0.0%
BYND	D	0.0%
RPAY	F	0.0%
WEAV	C	0.0%
RAMP	F	0.0%
CIG	B	0.0%
ASAN	F	0.0%
NVT	D	0.0%
ACLS	F	0.0%
AMR	F	0.0%
VITL	D	0.0%
SPR	D	0.0%
EXTR	C	0.0%
AMG	C	0.0%
KEP	C	0.0%
CSGP	D	0.0%
WIX	D	0.0%
NUVB	D	0.0%
PLUG	F	0.0%
PATH	D	0.0%
RCKT	D	0.0%
NVAX	D	0.0%
SONO	D	0.0%
PRCT	C	0.0%
PTGX	C	0.0%
AI	F	0.0%
PLAB	F	0.0%
WRLD	D	0.0%
RGEN	D	0.0%
DRH	C	0.0%
ZLAB	C	0.0%
BASE	F	0.0%
CIB	D	0.0%
ALEC	C	0.0%
ROCK	D	0.0%
CARS	D	0.0%
EVRI	C	0.0%
PETQ	B	0.0%
FLYW	F	0.0%
DMRC	F	0.0%
RIOT	F	0.0%
EA	D	0.0%
LAZR	F	0.0%
BE	F	0.0%
USLM	B	0.0%
CDE	C	0.0%
VICR	D	0.0%
ALKT	D	0.0%
MITK	F	0.0%
ENVX	F	0.0%
ODFL	D	0.0%
AAOI	C	0.0%
GATO	C	0.0%
GPN	D	0.0%
ACMR	F	0.0%
BTU	D	0.0%
BILL	D	0.0%
JELD	D	0.0%
KREF	B	0.0%
ALLO	D	0.0%
SRRK	F	0.0%
GDYN	C	0.0%
COHR	C	0.0%

SPGM Underweight 68 Positions Relative to DFIC

Symbol	Grade	Weight
ASML	F	-0.78%
BP	D	-0.5%
HSBC	B	-0.42%
NVO	C	-0.4%
BHP	D	-0.37%
BBVA	D	-0.3%
RELX	B	-0.23%
STM	F	-0.14%
NWG	C	-0.14%
BTI	C	-0.13%
PHG	B	-0.12%
LOGI	D	-0.12%
NGG	C	-0.09%
WCN	D	-0.08%
SAP	B	-0.07%
SAN	C	-0.07%
IHG	B	-0.06%
RBA	B	-0.06%
FLUT	B	-0.05%
PSO	C	-0.05%
WPP	B	-0.05%
WFG	B	-0.05%
TEF	B	-0.05%
AGCO	D	-0.04%
SNN	C	-0.04%
PRMW	B	-0.04%
AEI	D	-0.04%
OTEX	D	-0.04%
CCEP	B	-0.04%
QGEN	C	-0.03%
XRX	D	-0.03%
TCI	F	-0.02%
ARGX	C	-0.02%
TRMD	C	-0.02%
DOOO	F	-0.02%
NOK	C	-0.02%
TS	D	-0.02%
MGIC	C	-0.01%
ECO	B	-0.01%
MNTX	D	-0.01%
GMAB	F	-0.01%
PDS	D	-0.01%
GOGL	D	-0.01%
HAFN	D	-0.01%
CALT	C	-0.0%
LGO	F	-0.0%
FORTY	D	-0.0%
WDS	F	-0.0%
SW	B	-0.0%
IAUX	D	-0.0%
PSNY	C	-0.0%
TATT	B	-0.0%
KGEI	D	-0.0%
AUID	F	-0.0%
OGI	C	-0.0%
IMMP	D	-0.0%
BLCO	C	-0.0%
CTS	D	-0.0%
CACC	F	-0.0%
PTMN	D	-0.0%
TAK	C	-0.0%
NICE	F	-0.0%
UBCP	C	-0.0%
AUDC	F	-0.0%
DNN	F	-0.0%
VMAR	F	-0.0%
CUK	C	-0.0%
ELBM	C	-0.0%