SPGM vs. FREL ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Fidelity MSCI Real Estate Index ETF (FREL)
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

$60.71

Average Daily Volume

71,179

Number of Holdings *

1003

* may have additional holdings in another (foreign) market
FREL

Fidelity MSCI Real Estate Index ETF

FREL Description The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Grade (RS Rating)

Last Trade

$28.72

Average Daily Volume

189,548

Number of Holdings *

139

* may have additional holdings in another (foreign) market
Performance
Period SPGM FREL
30 Days 4.37% 5.78%
60 Days -2.08% 13.52%
90 Days 1.01% 15.87%
12 Months 19.30% 21.04%
40 Overlapping Holdings
Symbol Grade Weight in SPGM Weight in FREL Overlap
AHH B 0.02% 0.05% 0.02%
AIV B 0.02% 0.08% 0.02%
ALEX B 0.01% 0.09% 0.01%
AMT A 0.19% 6.97% 0.19%
CHCT F 0.02% 0.04% 0.02%
CLDT D 0.01% 0.03% 0.01%
COMP B 0.01% 0.14% 0.01%
CSGP C 0.0% 2.08% 0.0%
DEA A 0.06% 0.09% 0.06%
DHC C 0.0% 0.04% 0.0%
DLR D 0.01% 3.11% 0.01%
DOC B 0.05% 1.03% 0.05%
DRH D 0.0% 0.13% 0.0%
EPRT A 0.01% 0.36% 0.01%
EQIX B 0.04% 5.12% 0.04%
EQR B 0.06% 1.67% 0.06%
EXPI F 0.01% 0.07% 0.01%
GMRE D 0.01% 0.04% 0.01%
GOOD A 0.05% 0.05% 0.05%
HST D 0.0% 0.81% 0.0%
INN B 0.0% 0.05% 0.0%
KIM A 0.0% 1.04% 0.0%
LAND D 0.0% 0.03% 0.0%
NXRT B 0.07% 0.07% 0.07%
OPEN D 0.01% 0.08% 0.01%
PCH C 0.01% 0.22% 0.01%
PKST C 0.0% 0.03% 0.0%
PLD B 0.26% 7.79% 0.26%
PSA A 0.23% 3.57% 0.23%
RDFN B 0.01% 0.08% 0.01%
REG A 0.01% 0.83% 0.01%
RLJ F 0.0% 0.1% 0.0%
ROIC B 0.1% 0.13% 0.1%
SPG B 0.14% 3.63% 0.14%
SVC D 0.0% 0.05% 0.0%
UMH A 0.09% 0.09% 0.09%
UNIT A 0.0% 0.07% 0.0%
WSR D 0.01% 0.05% 0.01%
XHR D 0.0% 0.1% 0.0%
Z B 0.01% 0.59% 0.01%
SPGM Overweight 963 Positions Relative to FREL
Symbol Grade Weight
AAPL C 3.82%
MSFT D 3.41%
NVDA D 3.14%
AMZN D 1.91%
META C 1.36%
GOOGL D 1.04%
GOOG D 1.03%
LLY B 0.92%
TSM D 0.88%
JPM B 0.88%
AVGO D 0.83%
BRK.A B 0.76%
UNH A 0.71%
XOM C 0.68%
TSLA D 0.68%
V A 0.65%
COST B 0.56%
HD B 0.53%
PG A 0.52%
BAC D 0.47%
TMO A 0.46%
JNJ B 0.44%
ABBV B 0.44%
MA B 0.41%
CRM D 0.39%
WMT A 0.39%
ADBE B 0.39%
MRK D 0.39%
TXN C 0.38%
ABT A 0.35%
LIN B 0.35%
WFC D 0.35%
KO B 0.35%
INTU D 0.35%
TJX B 0.35%
DHR B 0.34%
ORCL A 0.34%
RTX B 0.34%
AXP B 0.33%
NFLX B 0.32%
GS C 0.32%
CSCO B 0.32%
CVX F 0.32%
TM F 0.3%
PEP A 0.3%
UNP B 0.29%
LOW B 0.29%
CB A 0.28%
IBM A 0.28%
QCOM F 0.28%
ACN A 0.28%
NEE A 0.27%
CAT C 0.27%
LMT A 0.27%
AFL B 0.26%
NVS B 0.26%
AMAT F 0.26%
BKNG C 0.25%
ELV B 0.25%
SPGI A 0.25%
AMGN C 0.25%
GD B 0.24%
DIS F 0.24%
MCK D 0.24%
AMD F 0.24%
MS C 0.24%
MDT A 0.24%
C D 0.24%
A B 0.23%
CMI B 0.23%
MCD A 0.23%
SONY B 0.23%
WM D 0.22%
ADP B 0.22%
PFE D 0.21%
ORLY B 0.21%
PM A 0.21%
ETN D 0.2%
SBUX B 0.2%
T A 0.2%
HON D 0.2%
NKE C 0.2%
COP D 0.19%
FDX D 0.19%
MPC D 0.19%
TRV A 0.19%
UL A 0.19%
CSX D 0.19%
SYK A 0.19%
ABBV B 0.19%
ROST B 0.19%
MET B 0.19%
INFY B 0.18%
IBN C 0.18%
ADI C 0.18%
NOC B 0.18%
BDX D 0.18%
DE B 0.18%
MMC A 0.18%
BABA B 0.18%
NSC B 0.17%
TT B 0.17%
ISRG B 0.17%
CMCSA C 0.17%
AEP A 0.17%
EMR D 0.17%
GILD A 0.17%
BK B 0.17%
PGR A 0.17%
PNC B 0.16%
JCI C 0.16%
ALL B 0.16%
MUFG D 0.16%
DFS C 0.16%
TEL C 0.16%
REGN B 0.15%
CNI D 0.15%
PH B 0.15%
VZ B 0.15%
SCHW D 0.15%
EOG D 0.15%
CL A 0.15%
PRU C 0.15%
PEG B 0.14%
GE C 0.14%
HSY A 0.14%
BSX A 0.14%
RDY C 0.14%
CVS F 0.14%
ECL B 0.14%
TGT B 0.13%
EIX A 0.13%
PYPL B 0.13%
BMY B 0.13%
CTSH B 0.13%
UBER B 0.13%
ITW C 0.13%
GLW C 0.13%
SYY A 0.13%
NOW B 0.13%
INTC F 0.12%
VLO D 0.12%
USB B 0.12%
MKC A 0.12%
COF C 0.12%
TD A 0.12%
CLX A 0.12%
KMB A 0.12%
KEYS C 0.12%
MELI B 0.11%
DUK A 0.11%
UPS F 0.11%
AZN B 0.11%
MMM B 0.11%
HPQ D 0.11%
MTB B 0.11%
YUM B 0.11%
BA F 0.11%
HES F 0.11%
FAST D 0.11%
IR D 0.11%
SHOP C 0.1%
CMG D 0.1%
NTAP D 0.1%
ZTS A 0.1%
CEG D 0.1%
EBAY A 0.1%
PANW B 0.1%
CHT A 0.09%
CHRW B 0.09%
CME A 0.09%
CI B 0.09%
BIIB D 0.09%
MO A 0.09%
ADM D 0.09%
CHTR C 0.09%
VRTX D 0.08%
SJM A 0.08%
LYB D 0.08%
BLK B 0.08%
SMFG D 0.08%
DD C 0.08%
PPL A 0.08%
GM B 0.08%
TSN A 0.08%
JNPR A 0.07%
EL F 0.07%
WDC D 0.07%
VALE F 0.07%
K A 0.07%
LRCX F 0.07%
PDD F 0.07%
WMB B 0.07%
MRO C 0.07%
CRWD F 0.07%
DOW D 0.07%
UMC C 0.07%
STT B 0.07%
APD B 0.07%
F D 0.07%
SLB F 0.07%
AON A 0.07%
CHD A 0.07%
DEO C 0.07%
CTVA B 0.07%
SO A 0.07%
FE A 0.07%
VGR B 0.07%
OXY F 0.06%
E D 0.06%
PSX D 0.06%
TCOM A 0.06%
STLA F 0.06%
TMUS B 0.06%
CARR B 0.06%
PKX F 0.06%
FTV D 0.06%
BCS B 0.06%
ANET D 0.06%
MDLZ A 0.06%
PLTR B 0.06%
GIS A 0.06%
WIT B 0.06%
MFG D 0.06%
BAX A 0.06%
CDNS D 0.06%
MU F 0.06%
HDB C 0.06%
HPE D 0.06%
EXC A 0.06%
STX D 0.06%
SYF C 0.05%
TTD B 0.05%
VLTO B 0.05%
BEN F 0.05%
BX B 0.05%
FOXA B 0.05%
NMR D 0.05%
HAL F 0.05%
DLTR F 0.05%
KLAC D 0.05%
CAG A 0.05%
ITUB B 0.05%
LYG C 0.05%
LW D 0.04%
AXON B 0.04%
LNTH C 0.04%
ALLE B 0.04%
ABNB F 0.04%
OTIS D 0.04%
GEV A 0.04%
TMDX C 0.04%
FCX D 0.04%
KB C 0.04%
SNPS D 0.04%
MRVL D 0.04%
VRT F 0.04%
NEM B 0.04%
MOD C 0.04%
SQ D 0.03%
WDAY C 0.03%
IFF A 0.03%
AA F 0.03%
DASH B 0.03%
HOV B 0.03%
SHG B 0.03%
AXNX A 0.03%
KMI B 0.03%
NET F 0.03%
MRNA F 0.03%
YUMC C 0.03%
BIDU F 0.03%
HCA B 0.03%
NU B 0.03%
TBBK B 0.03%
SNOW F 0.03%
MPWR C 0.03%
LNW B 0.03%
BRSP D 0.03%
LVS D 0.03%
SE B 0.03%
SHW B 0.03%
PBR C 0.03%
HMC D 0.03%
LDOS B 0.03%
TPR B 0.03%
COIN F 0.03%
DX A 0.03%
KVUE A 0.03%
BBD B 0.03%
WBA F 0.02%
GGB C 0.02%
GRBK B 0.02%
NUE F 0.02%
TDG B 0.02%
OII C 0.02%
ICE A 0.02%
HUBS F 0.02%
PINS F 0.02%
TEVA B 0.02%
AZEK D 0.02%
ACEL B 0.02%
DVN F 0.02%
VEEV A 0.02%
RBLX B 0.02%
DXCM F 0.02%
DYN D 0.02%
LULU F 0.02%
PARA F 0.02%
ZM B 0.02%
MCO B 0.02%
URI C 0.02%
SKY B 0.02%
WBD D 0.02%
ALLY C 0.02%
FSLR C 0.02%
DKNG D 0.02%
TTGT F 0.02%
MSTR F 0.02%
APP B 0.02%
LI F 0.02%
HIMS F 0.02%
ADMA B 0.02%
ABEV C 0.02%
FICO A 0.02%
TEAM F 0.02%
DELL F 0.02%
CVNA C 0.02%
CF B 0.02%
QTWO B 0.02%
ZS F 0.02%
BABA B 0.02%
CFG B 0.02%
MT D 0.02%
CHX D 0.02%
MOS F 0.02%
MDB C 0.02%
IIPR B 0.02%
GOLD C 0.02%
BKR D 0.02%
WTTR C 0.02%
ITCI C 0.02%
GEHC B 0.02%
TAC A 0.02%
DDOG D 0.02%
SMCI F 0.02%
FTNT B 0.02%
FTI D 0.02%
RCL C 0.02%
NEO B 0.01%
ALKT C 0.01%
FATE F 0.01%
SRRK D 0.01%
CCO D 0.01%
BTU D 0.01%
JKS F 0.01%
NRIX B 0.01%
LUMN B 0.01%
BOOT B 0.01%
AUPH B 0.01%
QS F 0.01%
W F 0.01%
AMSC D 0.01%
ITRI D 0.01%
MITK F 0.01%
EDIT F 0.01%
ELAN B 0.01%
VMEO B 0.01%
PNR B 0.01%
M F 0.01%
IDXX D 0.01%
NPAB D 0.01%
VKTX C 0.01%
DQ D 0.01%
BASE D 0.01%
SMAR A 0.01%
DOCS B 0.01%
DXC A 0.01%
JBI F 0.01%
LASR F 0.01%
PIXY F 0.01%
GNRC C 0.01%
CCB B 0.01%
KYMR B 0.01%
LAZR F 0.01%
U D 0.01%
CENX F 0.01%
KOP D 0.01%
NR D 0.01%
BLFS B 0.01%
LIND B 0.01%
PACK D 0.01%
FUTU F 0.01%
KD D 0.01%
LCID B 0.01%
CMPR B 0.01%
VERV F 0.01%
FRO D 0.01%
RLX D 0.01%
ASPN C 0.01%
NOV F 0.01%
MCB B 0.01%
UPST B 0.01%
TGI D 0.01%
FBK B 0.01%
OGN C 0.01%
CLSK F 0.01%
AUR B 0.01%
PTEN F 0.01%
EVH B 0.01%
PHI B 0.01%
IMVT B 0.01%
BCRX B 0.01%
RKLB B 0.01%
CHPT F 0.01%
XPO D 0.01%
PTCT C 0.01%
SLP F 0.01%
BGNE B 0.01%
BLBD D 0.01%
ULH C 0.01%
ZTO A 0.01%
ALGN F 0.01%
OSW D 0.01%
YETI D 0.01%
OMI C 0.01%
AAON C 0.01%
RUN B 0.01%
CZR D 0.01%
CYH A 0.01%
PAY C 0.01%
MGNI D 0.01%
CLNE D 0.01%
PTON B 0.01%
NXPI D 0.01%
BBWI F 0.01%
PEN C 0.01%
INMD F 0.01%
PNTG B 0.01%
LBRDK C 0.01%
MCRI A 0.01%
RVLV B 0.01%
LWLG F 0.01%
MARA F 0.01%
LOB B 0.01%
SEMR D 0.01%
AGNC A 0.01%
CASH A 0.01%
DOCU A 0.01%
BZH B 0.01%
RCUS C 0.01%
MDGL D 0.01%
PRTA F 0.01%
FOUR B 0.01%
EFC B 0.01%
ALNY C 0.01%
TREX F 0.01%
HASI B 0.01%
RNA D 0.01%
ALB F 0.01%
TWLO D 0.01%
ADSK B 0.01%
AES D 0.01%
XPEV C 0.01%
ROKU C 0.01%
TTI F 0.01%
POWL C 0.01%
COLL B 0.01%
SOFI D 0.01%
RDNT B 0.01%
CELH F 0.01%
VSTO C 0.01%
INTA B 0.01%
MNDY C 0.01%
EXPE C 0.01%
IDYA D 0.01%
GSAT C 0.01%
SID F 0.01%
SRPT D 0.01%
DDD F 0.01%
SQ D 0.01%
GMS D 0.01%
EXAS B 0.01%
TDOC F 0.01%
PHR B 0.01%
TME F 0.01%
TWST F 0.01%
CPRX B 0.01%
BEKE C 0.01%
MRC D 0.01%
SCCO D 0.01%
THR D 0.01%
CROX C 0.01%
OKTA F 0.01%
DH F 0.01%
NIO D 0.01%
BHF D 0.01%
SNAP F 0.01%
ENS D 0.01%
CLBT B 0.01%
HSTM C 0.01%
TOST D 0.01%
AKRO C 0.01%
GME C 0.01%
MBIN C 0.01%
AKO.A C 0.01%
NBR F 0.01%
CCS B 0.01%
SDGR F 0.01%
EPAM C 0.01%
CLDX A 0.01%
FIS A 0.01%
ERJ A 0.01%
ZETA B 0.01%
FLNG D 0.01%
PBF F 0.01%
ABR B 0.01%
VNT F 0.01%
DVAX C 0.01%
TAL F 0.01%
GERN D 0.01%
KEX D 0.01%
PLAY F 0.01%
CNH C 0.01%
ARWR F 0.01%
VIPS F 0.01%
APA F 0.01%
VERX C 0.01%
ORA C 0.01%
TREE B 0.01%
MATX C 0.01%
MHO B 0.01%
NWSA C 0.01%
RYTM A 0.01%
TGTX B 0.01%
APH D 0.01%
ILMN B 0.01%
IMXI D 0.01%
VTRS C 0.01%
SOLV B 0.01%
RIVN F 0.01%
INSP A 0.01%
KSS F 0.01%
CCL D 0.01%
AFRM B 0.01%
BLDR C 0.01%
MTDR F 0.01%
KOS F 0.01%
ENPH D 0.01%
BBIO B 0.01%
ON D 0.01%
PLMR B 0.01%
AGYS C 0.01%
KRYS D 0.0%
XPEV C 0.0%
LI F 0.0%
SMWB B 0.0%
MP C 0.0%
SCLX F 0.0%
JOBY F 0.0%
OEC F 0.0%
JAMF D 0.0%
AGL F 0.0%
BMBL D 0.0%
FLWS F 0.0%
TH C 0.0%
CRCT D 0.0%
MLCO D 0.0%
WOLF F 0.0%
KRNT B 0.0%
SPRY B 0.0%
DAN F 0.0%
ZEUS F 0.0%
BOC C 0.0%
CGEM B 0.0%
DENN F 0.0%
TPB A 0.0%
SNCY D 0.0%
ASTH B 0.0%
KE F 0.0%
OVV F 0.0%
LSCC F 0.0%
LGIH C 0.0%
SHEN F 0.0%
FNA D 0.0%
MLNK B 0.0%
HDSN F 0.0%
MXL F 0.0%
PRVA D 0.0%
EYE F 0.0%
DO D 0.0%
MNSO F 0.0%
CEVA B 0.0%
TMCI F 0.0%
FLGT D 0.0%
OLO D 0.0%
PUMP F 0.0%
ORLA C 0.0%
PDFS D 0.0%
KRUS D 0.0%
REPL B 0.0%
FSBC B 0.0%
FIGS D 0.0%
CTKB F 0.0%
VIR F 0.0%
SAGE F 0.0%
OLPX B 0.0%
BVN F 0.0%
CRSR F 0.0%
MGPI B 0.0%
IRTC F 0.0%
SEDG F 0.0%
PFC B 0.0%
APTV D 0.0%
CHRD F 0.0%
MRVI A 0.0%
DJT F 0.0%
RGNX F 0.0%
CAR F 0.0%
HAE F 0.0%
GDS A 0.0%
ZUO D 0.0%
ICHR F 0.0%
ELVN D 0.0%
HOG B 0.0%
PARR F 0.0%
RENB F 0.0%
CNDT B 0.0%
XPOF F 0.0%
NABL D 0.0%
LPRO F 0.0%
BROS D 0.0%
GOGO D 0.0%
QFIN B 0.0%
MAX B 0.0%
GRPN F 0.0%
APPN F 0.0%
ULCC D 0.0%
NCNO D 0.0%
MDXG F 0.0%
LYEL F 0.0%
MAT C 0.0%
HUMA D 0.0%
IBP D 0.0%
CECO D 0.0%
RIG F 0.0%
HE F 0.0%
SWBI D 0.0%
SAVA B 0.0%
OLMA D 0.0%
MBAVU B 0.0%
CEIX D 0.0%
ETNB D 0.0%
SGRY B 0.0%
PDFS D 0.0%
ATEC F 0.0%
ITOS C 0.0%
DNOW D 0.0%
COTY F 0.0%
NEXT D 0.0%
THO C 0.0%
CXM F 0.0%
HURN C 0.0%
TLRY F 0.0%
QTRX F 0.0%
ATEN D 0.0%
VNET B 0.0%
SHC A 0.0%
THRM D 0.0%
NMIH B 0.0%
CUBI F 0.0%
CALX D 0.0%
LMND D 0.0%
SM D 0.0%
ESTA D 0.0%
PRO F 0.0%
NARI D 0.0%
LESL F 0.0%
PUBM F 0.0%
IDT B 0.0%
AMRC B 0.0%
ENIC F 0.0%
DGII B 0.0%
SABR F 0.0%
UCTT F 0.0%
SHLS F 0.0%
ADUS B 0.0%
APLS C 0.0%
LILAK D 0.0%
MERC F 0.0%
GKOS B 0.0%
SITM C 0.0%
RXST B 0.0%
AOSL D 0.0%
CLF F 0.0%
DBI F 0.0%
ALHC A 0.0%
UVV B 0.0%
HRI D 0.0%
HAYN A 0.0%
KRNY D 0.0%
S D 0.0%
TASK F 0.0%
MNTK F 0.0%
GH F 0.0%
FVRR C 0.0%
ATRO C 0.0%
HAYW B 0.0%
SOUN D 0.0%
PENN F 0.0%
MQ F 0.0%
SMR D 0.0%
GLBE D 0.0%
ARLO F 0.0%
SKE B 0.0%
CHEF B 0.0%
NNDM F 0.0%
EB F 0.0%
RRC F 0.0%
ATHM A 0.0%
HL C 0.0%
XPRO F 0.0%
VCYT B 0.0%
STAA F 0.0%
YOU B 0.0%
TITN F 0.0%
HTHT D 0.0%
CFLT F 0.0%
FSLY F 0.0%
AR F 0.0%
YMAB B 0.0%
VSCO A 0.0%
APLD D 0.0%
ORIC C 0.0%
FIZZ D 0.0%
EGBN C 0.0%
WOOF D 0.0%
FIVN F 0.0%
ENVA B 0.0%
SIBN C 0.0%
AMRK A 0.0%
METC F 0.0%
ARDX D 0.0%
YEXT A 0.0%
EYPT F 0.0%
LMB B 0.0%
YY A 0.0%
GRAB D 0.0%
IAS C 0.0%
UEC F 0.0%
IOVA C 0.0%
BRBR A 0.0%
DHI B 0.0%
CDMO C 0.0%
NEOG D 0.0%
BHB B 0.0%
FRSH F 0.0%
ATUS C 0.0%
ZI F 0.0%
ARQT B 0.0%
VZIO A 0.0%
BIGC F 0.0%
ARRY F 0.0%
WGO D 0.0%
OSPN B 0.0%
NVCR D 0.0%
CYTK F 0.0%
GNK D 0.0%
IIIV D 0.0%
MTW F 0.0%
NTRA B 0.0%
BXC F 0.0%
ALT F 0.0%
NX D 0.0%
LEU F 0.0%
NVRI C 0.0%
DUOL B 0.0%
CYRX D 0.0%
PODD A 0.0%
FROG F 0.0%
SQSP A 0.0%
INDI F 0.0%
EMBC B 0.0%
RVMD D 0.0%
WULF D 0.0%
LXRX F 0.0%
GXO D 0.0%
BEAM F 0.0%
FDMT F 0.0%
WRBY D 0.0%
AVNS B 0.0%
ADNT F 0.0%
AX C 0.0%
SIGA D 0.0%
JANX C 0.0%
FC D 0.0%
MOMO D 0.0%
GDOT B 0.0%
AMC D 0.0%
DIN F 0.0%
IAG B 0.0%
APPF D 0.0%
KC F 0.0%
PCVX A 0.0%
VRDN F 0.0%
CDNA B 0.0%
QNST B 0.0%
EWCZ F 0.0%
STOK A 0.0%
TRUP B 0.0%
ESTC F 0.0%
LYFT F 0.0%
LSPD F 0.0%
TUYA F 0.0%
CCBG B 0.0%
DFH C 0.0%
UPWK F 0.0%
CNC D 0.0%
NCLH D 0.0%
PCT F 0.0%
IQ F 0.0%
AXSM A 0.0%
AMPS D 0.0%
RXRX F 0.0%
TNDM B 0.0%
REZI D 0.0%
BURL B 0.0%
DRQ F 0.0%
ERAS A 0.0%
RKT B 0.0%
VVI D 0.0%
TIGR F 0.0%
PLPC F 0.0%
ENFN D 0.0%
RVNC B 0.0%
SNDX D 0.0%
NTLA F 0.0%
XMTR D 0.0%
TELL B 0.0%
ATKR F 0.0%
TTWO B 0.0%
CLOV B 0.0%
NUVL A 0.0%
ACHR F 0.0%
ARCT F 0.0%
SAM D 0.0%
CIFR F 0.0%
TRNS D 0.0%
MEG F 0.0%
BILI C 0.0%
INSW D 0.0%
PCG A 0.0%
OSCR B 0.0%
FUBO D 0.0%
PAR B 0.0%
ACVA B 0.0%
DCO C 0.0%
KHC A 0.0%
CSTL A 0.0%
IBUY D 0.0%
PFSI A 0.0%
CASS D 0.0%
MTCH B 0.0%
ETSY F 0.0%
RNG D 0.0%
DOCN B 0.0%
EQT D 0.0%
PL D 0.0%
ALEC F 0.0%
KLG B 0.0%
UWMC B 0.0%
VRNS C 0.0%
SPT F 0.0%
SITE C 0.0%
CRMT F 0.0%
HUYA D 0.0%
GDRX C 0.0%
MNMD F 0.0%
PRG B 0.0%
PLUG F 0.0%
BLND B 0.0%
ARVN F 0.0%
BRZE F 0.0%
REPX D 0.0%
TXG D 0.0%
BYND F 0.0%
ANF D 0.0%
HEES F 0.0%
ZLAB C 0.0%
VITL D 0.0%
ELF F 0.0%
CIG A 0.0%
CERT F 0.0%
IIIN D 0.0%
HCP B 0.0%
PTGX B 0.0%
CTLP D 0.0%
VPG F 0.0%
HSII B 0.0%
BZ F 0.0%
CC F 0.0%
NVT F 0.0%
RCKT F 0.0%
BJRI D 0.0%
ACLS F 0.0%
SPR D 0.0%
NUVB D 0.0%
PGC B 0.0%
RAMP F 0.0%
PRCT B 0.0%
KEP B 0.0%
NSSC F 0.0%
RPAY F 0.0%
WEAV C 0.0%
ALLO F 0.0%
RGEN C 0.0%
GATO C 0.0%
AMG C 0.0%
FLNC C 0.0%
WIX C 0.0%
EXTR C 0.0%
RIOT F 0.0%
NVAX D 0.0%
DMRC F 0.0%
PATH D 0.0%
CDE D 0.0%
LC B 0.0%
SANA D 0.0%
ROCK D 0.0%
CHGX C 0.0%
PLAB F 0.0%
AAOI C 0.0%
EVRI A 0.0%
WRLD D 0.0%
PACB F 0.0%
USLM C 0.0%
SONO F 0.0%
PETQ A 0.0%
PHAT A 0.0%
ENVX F 0.0%
ASAN F 0.0%
AMR F 0.0%
CARS D 0.0%
CIB D 0.0%
FLYW D 0.0%
RLAY F 0.0%
VICR D 0.0%
EA C 0.0%
AI F 0.0%
KREF A 0.0%
COHR C 0.0%
SQM F 0.0%
GDYN B 0.0%
GPN C 0.0%
BE F 0.0%
GTLB C 0.0%
ACMR F 0.0%
ODFL D 0.0%
NOVA B 0.0%
LEGH C 0.0%
BILL C 0.0%
JELD F 0.0%
DT A 0.0%
SPGM Underweight 99 Positions Relative to FREL
Symbol Grade Weight
WELL A -4.57%
O A -3.54%
CCI A -3.27%
EXR B -2.46%
CBRE B -2.34%
VICI A -2.29%
IRM B -2.19%
AVB B -2.1%
SBAC A -1.63%
VTR A -1.63%
INVH B -1.48%
WY C -1.48%
ESS B -1.26%
MAA B -1.25%
ARE D -1.24%
SUI A -1.09%
GLPI A -0.93%
UDR B -0.91%
CPT B -0.88%
WPC A -0.86%
AMH A -0.85%
ELS A -0.84%
JLL B -0.8%
CUBE A -0.77%
REXR B -0.74%
BXP A -0.73%
LAMR B -0.72%
OHI A -0.64%
EGP B -0.59%
NNN A -0.57%
FRT A -0.57%
BRX A -0.55%
COLD B -0.53%
FR B -0.5%
ADC A -0.49%
STAG B -0.49%
TRNO B -0.44%
KRG B -0.39%
RHP D -0.39%
VNO B -0.37%
IRT B -0.31%
PECO A -0.3%
SLG B -0.29%
RYN B -0.28%
CUZ A -0.28%
CTRE A -0.27%
KRC B -0.26%
SBRA A -0.26%
EPR B -0.25%
NHI A -0.24%
BNL B -0.23%
NSA A -0.23%
HIW B -0.23%
MAC B -0.23%
APLE F -0.22%
SKT A -0.22%
LXP B -0.21%
PK D -0.21%
DEI B -0.18%
MPW C -0.18%
FCPT A -0.18%
UE B -0.17%
AKR B -0.16%
HHH B -0.16%
CWK B -0.15%
OUT B -0.15%
DBRG F -0.14%
NMRK A -0.14%
EQC A -0.14%
JOE C -0.14%
SHO D -0.13%
IVT B -0.13%
GNL A -0.12%
LTC A -0.11%
GTY B -0.11%
JBGS B -0.1%
ESRT B -0.1%
PEB D -0.1%
NTST A -0.09%
AAT B -0.09%
CSR B -0.08%
PDM B -0.08%
KW B -0.08%
MMI B -0.07%
PLYM C -0.07%
BDN B -0.06%
FOR D -0.05%
PGRE C -0.05%
OLP B -0.04%
ALX B -0.04%
UHT A -0.04%
HPP D -0.04%
RMR B -0.03%
FPI D -0.03%
FRPH D -0.03%
BFS B -0.03%
CBL B -0.02%
TRC D -0.02%
SRG F -0.01%
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