SPGM vs. FTLS ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to First Trust Long/Short Equity (FTLS)

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

$65.12

Average Daily Volume

57,969

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.63

Average Daily Volume

127,223

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	FTLS
30 Days	1.43%	2.15%
60 Days	1.86%	3.89%
90 Days	3.02%	3.71%
12 Months	25.48%	20.58%

182 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in FTLS	Overlap
AAPL	C	3.74%	7.44%	3.74%
ABT	B	0.34%	-0.14%	-0.14%
ACN	C	0.28%	2.11%	0.28%
ACVA	B	0.0%	-0.05%	-0.05%
ADMA	B	0.02%	0.17%	0.02%
ADUS	D	0.0%	0.06%	0.0%
AFL	B	0.26%	0.7%	0.26%
ALB	C	0.01%	-0.04%	-0.04%
ALL	A	0.16%	0.88%	0.16%
ALLY	C	0.01%	0.29%	0.01%
AMAT	F	0.24%	-0.04%	-0.04%
AMD	F	0.23%	-0.03%	-0.03%
AMRC	F	0.0%	-0.03%	-0.03%
AMRK	F	0.0%	-0.02%	-0.02%
AMZN	C	2.13%	2.74%	2.13%
APD	A	0.08%	-0.7%	-0.7%
APPN	B	0.0%	-0.04%	-0.04%
ARLO	C	0.0%	-0.03%	-0.03%
ASPN	F	0.0%	-0.02%	-0.02%
ATEC	C	0.0%	-0.04%	-0.04%
AVGO	D	0.87%	1.06%	0.87%
BA	F	0.1%	-0.07%	-0.07%
BABA	D	0.02%	-0.28%	-0.28%
BABA	D	0.2%	-0.28%	-0.28%
BCRX	D	0.01%	0.07%	0.01%
BE	B	0.01%	-0.03%	-0.03%
BK	A	0.19%	-0.37%	-0.37%
BKR	B	0.03%	-0.13%	-0.13%
BRK.A	B	0.73%	1.13%	0.73%
BURL	A	0.0%	-0.03%	-0.03%
BVN	F	0.0%	-0.03%	-0.03%
C	A	0.26%	2.18%	0.26%
CAG	D	0.04%	0.38%	0.04%
CDNA	D	0.0%	0.04%	0.0%
CDNS	B	0.07%	-0.69%	-0.69%
CF	B	0.02%	0.55%	0.02%
CFLT	B	0.0%	-0.04%	-0.04%
CL	D	0.13%	1.17%	0.13%
CMCSA	B	0.18%	-0.65%	-0.65%
CME	A	0.09%	1.57%	0.09%
CMI	A	0.26%	-0.36%	-0.36%
COHR	B	0.01%	-0.02%	-0.02%
COLL	F	0.01%	0.05%	0.01%
COP	C	0.18%	-0.06%	-0.06%
COTY	F	0.0%	-0.02%	-0.02%
CROX	D	0.01%	0.44%	0.01%
CUBI	C	0.0%	0.09%	0.0%
CVX	A	0.35%	-0.02%	-0.02%
DE	A	0.18%	-0.48%	-0.48%
DEO	F	0.07%	-0.22%	-0.22%
DIS	B	0.3%	-0.73%	-0.73%
EA	A	0.0%	-0.02%	-0.02%
ENS	D	0.01%	-0.02%	-0.02%
EQT	B	0.0%	-0.04%	-0.04%
ERJ	B	0.01%	-0.04%	-0.04%
ETN	A	0.24%	-0.58%	-0.58%
EXTR	B	0.0%	0.09%	0.0%
FAST	B	0.13%	-0.03%	-0.03%
FDX	B	0.18%	1.69%	0.18%
FIS	C	0.01%	1.0%	0.01%
FRO	F	0.01%	-0.02%	-0.02%
FSLR	F	0.02%	-0.02%	-0.02%
GD	F	0.22%	-0.52%	-0.52%
GE	D	0.14%	-0.03%	-0.03%
GEHC	F	0.02%	-0.26%	-0.26%
GKOS	B	0.0%	-0.03%	-0.03%
GLBE	B	0.0%	0.17%	0.0%
GM	B	0.09%	0.14%	0.09%
GMS	B	0.01%	0.13%	0.01%
GOOG	C	1.1%	1.17%	1.1%
GOOGL	C	1.1%	1.4%	1.1%
GRBK	D	0.01%	0.09%	0.01%
HAE	C	0.0%	-0.11%	-0.11%
HAYW	B	0.0%	0.07%	0.0%
HCA	F	0.02%	-0.07%	-0.07%
HDB	C	0.06%	-0.38%	-0.38%
HON	B	0.22%	-0.02%	-0.02%
HPQ	B	0.11%	1.0%	0.11%
ICHR	C	0.0%	-0.03%	-0.03%
ILMN	D	0.01%	1.13%	0.01%
INFY	B	0.16%	-0.16%	-0.16%
INTC	D	0.14%	-0.15%	-0.15%
IRTC	D	0.0%	-0.04%	-0.04%
ISRG	A	0.18%	-0.32%	-0.32%
JNJ	D	0.39%	1.85%	0.39%
JPM	A	0.95%	0.93%	0.93%
KD	B	0.01%	-0.02%	-0.02%
KEYS	A	0.12%	-0.12%	-0.12%
KMI	A	0.03%	1.23%	0.03%
LIN	D	0.32%	-0.59%	-0.59%
LLY	F	0.7%	0.84%	0.7%
LMND	B	0.0%	-0.05%	-0.05%
LMT	D	0.25%	-0.32%	-0.32%
LOW	D	0.31%	2.16%	0.31%
LYFT	C	0.0%	-0.05%	-0.05%
MARA	C	0.01%	-0.04%	-0.04%
MAT	D	0.0%	-0.08%	-0.08%
MATX	C	0.01%	0.15%	0.01%
MCD	D	0.23%	-0.41%	-0.41%
MDLZ	F	0.05%	-0.33%	-0.33%
META	D	1.43%	1.77%	1.43%
MMM	D	0.1%	-0.3%	-0.3%
MO	A	0.09%	1.51%	0.09%
MPC	D	0.17%	1.37%	0.17%
MQ	F	0.0%	0.06%	0.0%
MSFT	F	3.35%	4.45%	3.35%
MU	D	0.07%	-0.16%	-0.16%
MUFG	B	0.17%	-0.07%	-0.07%
NEOG	F	0.0%	-0.03%	-0.03%
NFLX	A	0.37%	-0.15%	-0.15%
NMIH	D	0.0%	0.07%	0.0%
NOW	A	0.16%	-0.35%	-0.35%
NSC	B	0.17%	-0.27%	-0.27%
NTAP	C	0.1%	0.75%	0.1%
NVDA	C	4.01%	4.84%	4.01%
NVS	D	0.22%	0.41%	0.22%
NWSA	B	0.01%	-0.03%	-0.03%
NXPI	D	0.01%	-0.08%	-0.08%
OKTA	C	0.01%	0.45%	0.01%
ORCL	B	0.43%	-0.41%	-0.41%
PANW	C	0.11%	-0.25%	-0.25%
PAR	B	0.0%	-0.03%	-0.03%
PAYO	A	0.0%	0.08%	0.0%
PBR	C	0.03%	0.73%	0.03%
PENN	C	0.0%	0.4%	0.0%
PEP	F	0.26%	-0.57%	-0.57%
PG	A	0.49%	-0.26%	-0.26%
PH	A	0.17%	1.64%	0.17%
PLMR	B	0.01%	0.06%	0.01%
PM	B	0.21%	1.92%	0.21%
PNC	B	0.17%	-0.51%	-0.51%
PNR	A	0.01%	0.56%	0.01%
PRCT	B	0.0%	-0.03%	-0.03%
QCOM	F	0.27%	1.88%	0.27%
RCL	A	0.04%	-0.04%	-0.04%
RDFN	D	0.01%	0.08%	0.01%
RDY	F	0.12%	-0.03%	-0.03%
RIVN	F	0.01%	-0.02%	-0.02%
ROIC	A	0.12%	0.06%	0.06%
RUN	F	0.0%	-0.02%	-0.02%
RXST	F	0.0%	-0.02%	-0.02%
SAM	C	0.0%	0.21%	0.0%
SCHW	B	0.18%	2.26%	0.18%
SDGR	C	0.01%	-0.03%	-0.03%
SE	B	0.04%	-0.07%	-0.07%
SLB	C	0.07%	-0.12%	-0.12%
SNPS	B	0.04%	-0.29%	-0.29%
SOFI	A	0.01%	-0.05%	-0.05%
SYF	B	0.06%	0.79%	0.06%
SYK	C	0.2%	-0.17%	-0.17%
SYY	B	0.12%	0.83%	0.12%
TBBK	B	0.03%	0.1%	0.03%
TFIN	A	0.01%	-0.04%	-0.04%
THO	B	0.0%	0.18%	0.0%
TM	D	0.26%	-0.15%	-0.15%
TMO	F	0.38%	-0.03%	-0.03%
TMUS	B	0.07%	2.32%	0.07%
TRV	B	0.21%	1.05%	0.21%
TSLA	B	1.01%	-0.32%	-0.32%
TTD	B	0.05%	-0.06%	-0.06%
TTWO	A	0.0%	-0.33%	-0.33%
TWLO	A	0.01%	0.72%	0.01%
TWST	D	0.01%	0.16%	0.01%
TXG	F	0.0%	0.08%	0.0%
TXN	C	0.37%	-0.36%	-0.36%
UL	D	0.16%	-0.3%	-0.3%
UNH	C	0.68%	-0.4%	-0.4%
UPST	B	0.01%	-0.05%	-0.05%
URI	B	0.02%	-0.2%	-0.2%
USB	A	0.12%	1.35%	0.12%
UWMC	D	0.0%	-0.02%	-0.02%
VCYT	B	0.0%	0.09%	0.0%
VLO	C	0.11%	1.43%	0.11%
VLTO	D	0.04%	0.49%	0.04%
VNT	B	0.01%	-0.07%	-0.07%
WGO	C	0.0%	0.11%	0.0%
WM	A	0.22%	-0.47%	-0.47%
WMB	A	0.08%	0.07%	0.07%
WMT	A	0.41%	-0.03%	-0.03%
WOLF	F	0.0%	-0.02%	-0.02%
XOM	B	0.68%	-0.45%	-0.45%
YOU	D	0.0%	0.09%	0.0%

SPGM Overweight 821 Positions Relative to FTLS

Symbol	Grade	Weight
TSM	B	0.99%
V	A	0.7%
HD	A	0.57%
COST	B	0.56%
BAC	A	0.53%
CRM	B	0.49%
WFC	A	0.44%
MA	C	0.43%
INTU	C	0.38%
GS	A	0.38%
CSCO	B	0.36%
ABBV	D	0.36%
AXP	A	0.36%
TJX	A	0.35%
ADBE	C	0.34%
RTX	C	0.33%
MS	A	0.32%
BKNG	A	0.31%
MRK	F	0.31%
CAT	B	0.3%
KO	D	0.29%
DHR	F	0.28%
CB	C	0.27%
IBM	C	0.27%
UNP	C	0.26%
MCK	B	0.25%
NEE	D	0.25%
SPGI	C	0.24%
PLD	D	0.23%
MDT	D	0.23%
ADP	B	0.23%
SONY	B	0.22%
ORLY	B	0.22%
PSA	D	0.22%
EMR	A	0.21%
AMGN	D	0.21%
T	A	0.21%
A	D	0.2%
SBUX	A	0.2%
MET	A	0.2%
DFS	B	0.2%
GILD	C	0.19%
ABBV	D	0.19%
CSX	B	0.19%
TT	A	0.19%
HSBH	B	0.19%
JCI	C	0.18%
NKE	D	0.18%
ELV	F	0.17%
IBN	C	0.17%
PGR	A	0.17%
MMC	B	0.17%
PFE	D	0.17%
ROST	C	0.17%
PRU	A	0.16%
AEP	D	0.16%
EOG	A	0.16%
AMT	D	0.16%
ADI	D	0.16%
BDX	F	0.16%
NOC	D	0.16%
GLW	B	0.15%
PEG	A	0.15%
SPG	B	0.15%
PYPL	B	0.15%
COF	B	0.15%
ITW	B	0.14%
VZ	C	0.14%
ECL	D	0.14%
BMY	B	0.14%
BSX	B	0.14%
SHOP	B	0.14%
CVS	D	0.13%
CTSH	B	0.13%
PLTR	B	0.13%
IR	B	0.13%
UBER	D	0.13%
CNI	D	0.13%
MTB	A	0.13%
EIX	B	0.12%
HES	B	0.12%
CEG	D	0.12%
TGT	F	0.12%
CLX	B	0.12%
CMG	B	0.11%
MKC	D	0.11%
KKR	A	0.11%
YUM	B	0.11%
UPS	C	0.11%
KMB	D	0.11%
TD	F	0.11%
HSY	F	0.11%
MELI	D	0.1%
DUK	C	0.1%
ICE	C	0.1%
EBAY	D	0.1%
CHTR	C	0.1%
CRWD	B	0.09%
CHRW	C	0.09%
UMH	C	0.09%
REGN	F	0.09%
BLK	C	0.09%
ZTS	D	0.09%
AZN	D	0.08%
CI	F	0.08%
STT	A	0.08%
DD	D	0.08%
PDD	F	0.08%
AON	A	0.08%
SMFG	B	0.08%
ADM	D	0.08%
TSN	B	0.08%
CHT	D	0.08%
PPL	B	0.08%
BCS	C	0.07%
K	A	0.07%
LYB	F	0.07%
VRT	B	0.07%
GEV	B	0.07%
MFG	B	0.07%
ANET	C	0.07%
FE	C	0.07%
SJM	D	0.07%
BIIB	F	0.07%
HPE	B	0.07%
NXRT	B	0.07%
MRO	B	0.07%
TCOM	B	0.07%
F	C	0.07%
SO	D	0.07%
CTVA	C	0.07%
VRTX	F	0.07%
CHD	B	0.07%
DEA	D	0.06%
UMC	F	0.06%
DOW	F	0.06%
AXON	A	0.06%
COIN	C	0.06%
JNPR	F	0.06%
EQR	B	0.06%
FTV	C	0.06%
APP	B	0.06%
LRCX	F	0.06%
CARR	D	0.06%
BX	A	0.06%
WIT	A	0.06%
STX	D	0.06%
VALE	F	0.06%
EXC	C	0.06%
WDC	D	0.06%
EQIX	A	0.05%
STLA	F	0.05%
DOC	D	0.05%
FI	A	0.05%
ITUB	F	0.05%
OXY	D	0.05%
HAL	C	0.05%
NMR	B	0.05%
MOD	A	0.05%
GOOD	B	0.05%
BEN	C	0.05%
MSTR	C	0.05%
BAX	D	0.05%
LYG	F	0.05%
E	F	0.05%
GIS	D	0.05%
MRVL	B	0.05%
PSX	C	0.05%
FOXA	B	0.05%
KVUE	A	0.04%
AA	B	0.04%
ALLE	D	0.04%
YUMC	C	0.04%
KB	B	0.04%
DLTR	F	0.04%
LVS	C	0.04%
OTIS	C	0.04%
FCX	D	0.04%
KLAC	D	0.04%
LW	C	0.04%
ABNB	C	0.04%
EL	F	0.04%
PKX	F	0.04%
TPR	B	0.04%
HMC	F	0.03%
LNTH	D	0.03%
FICO	B	0.03%
ITCI	C	0.03%
LNW	D	0.03%
FTI	A	0.03%
AXNX	C	0.03%
DDOG	A	0.03%
QTWO	A	0.03%
WTTR	B	0.03%
NU	C	0.03%
TAC	B	0.03%
BIDU	F	0.03%
TEAM	A	0.03%
BBD	D	0.03%
FTNT	C	0.03%
NET	B	0.03%
SQ	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
DX	B	0.03%
SHW	A	0.03%
NEM	D	0.03%
LDOS	C	0.03%
SNOW	C	0.03%
DASH	A	0.03%
VERX	B	0.02%
TGTX	B	0.02%
NUE	C	0.02%
VEEV	C	0.02%
ACEL	C	0.02%
TOST	B	0.02%
GGB	C	0.02%
OII	B	0.02%
AGYS	A	0.02%
AIV	C	0.02%
MCO	B	0.02%
DXCM	D	0.02%
AZEK	A	0.02%
PARA	C	0.02%
IIPR	D	0.02%
AFRM	B	0.02%
GOLD	D	0.02%
ABEV	F	0.02%
SKY	A	0.02%
AHH	D	0.02%
RBLX	C	0.02%
CHCT	C	0.02%
TTGT	C	0.02%
MOS	F	0.02%
CCL	B	0.02%
ZM	B	0.02%
TMDX	F	0.02%
LULU	C	0.02%
MPWR	F	0.02%
DKNG	B	0.02%
MDB	C	0.02%
ZS	C	0.02%
HUBS	A	0.02%
IFF	D	0.02%
RKLB	B	0.02%
CHX	C	0.02%
HOV	D	0.02%
WBD	C	0.02%
LI	F	0.02%
CFG	B	0.02%
DELL	C	0.02%
SHG	D	0.02%
MT	B	0.02%
WDAY	B	0.02%
HIMS	B	0.02%
MITK	C	0.01%
DT	C	0.01%
AI	B	0.01%
LASR	D	0.01%
KYMR	D	0.01%
CYH	F	0.01%
BOOT	D	0.01%
BLFS	C	0.01%
PRTA	F	0.01%
ACMR	F	0.01%
PACB	F	0.01%
CTLP	B	0.01%
BLBD	D	0.01%
ODFL	B	0.01%
SMR	B	0.01%
NR	B	0.01%
ZLAB	C	0.01%
CCO	C	0.01%
PGC	C	0.01%
M	D	0.01%
LC	A	0.01%
FLYW	C	0.01%
PCT	C	0.01%
BASE	C	0.01%
ALKT	B	0.01%
GDYN	B	0.01%
KOP	C	0.01%
EXPI	C	0.01%
WSR	A	0.01%
GATO	D	0.01%
DXC	B	0.01%
OMI	F	0.01%
LAZR	F	0.01%
PHI	D	0.01%
SLP	D	0.01%
CELH	F	0.01%
CLDX	F	0.01%
NOV	C	0.01%
IMVT	F	0.01%
IDYA	F	0.01%
PIXY	F	0.01%
JKS	F	0.01%
PACK	B	0.01%
PTEN	C	0.01%
KC	A	0.01%
BTU	B	0.01%
U	C	0.01%
ITRI	B	0.01%
PCH	D	0.01%
RLX	C	0.01%
AUPH	B	0.01%
GTLB	B	0.01%
SMAR	A	0.01%
VMEO	B	0.01%
SRPT	D	0.01%
VICR	B	0.01%
HASI	D	0.01%
CLNE	D	0.01%
AES	F	0.01%
ALEX	C	0.01%
PHR	F	0.01%
CIFR	B	0.01%
DLR	B	0.01%
BGNE	D	0.01%
YETI	C	0.01%
ALGN	D	0.01%
GNRC	B	0.01%
ZETA	D	0.01%
PNTG	D	0.01%
AGNC	D	0.01%
EXAS	D	0.01%
ALNY	D	0.01%
EFC	C	0.01%
ENPH	F	0.01%
DQ	F	0.01%
CZR	F	0.01%
RCUS	F	0.01%
FBK	B	0.01%
BBWI	D	0.01%
DOCS	C	0.01%
AUR	C	0.01%
BILL	A	0.01%
SEMR	B	0.01%
RIOT	C	0.01%
CCB	A	0.01%
LWLG	F	0.01%
SID	F	0.01%
USLM	A	0.01%
PTCT	B	0.01%
MCB	B	0.01%
RNA	D	0.01%
ULH	B	0.01%
LIND	C	0.01%
AMSC	B	0.01%
MCRI	A	0.01%
TGI	B	0.01%
MGNI	A	0.01%
INMD	C	0.01%
PEN	B	0.01%
OSW	A	0.01%
LOB	B	0.01%
MBIN	D	0.01%
ROKU	D	0.01%
BZH	B	0.01%
DH	D	0.01%
MNDY	C	0.01%
XPO	B	0.01%
TREX	C	0.01%
CCS	D	0.01%
FUTU	D	0.01%
CASH	A	0.01%
ARWR	F	0.01%
TREE	F	0.01%
AKO.A	F	0.01%
GERN	D	0.01%
ADSK	A	0.01%
VSTO	A	0.01%
LUMN	C	0.01%
THR	B	0.01%
CPRX	C	0.01%
MDGL	B	0.01%
APA	D	0.01%
AAOI	B	0.01%
SCCO	F	0.01%
TME	D	0.01%
FOUR	B	0.01%
CLDT	B	0.01%
MRC	B	0.01%
PBF	D	0.01%
Z	A	0.01%
CLBT	B	0.01%
NBR	C	0.01%
CLSK	C	0.01%
NIO	F	0.01%
SMCI	F	0.01%
TTI	C	0.01%
CENX	B	0.01%
AKRO	B	0.01%
INTA	A	0.01%
FLNG	B	0.01%
HSTM	B	0.01%
RDNT	B	0.01%
DOCU	A	0.01%
BHF	B	0.01%
LBRDK	C	0.01%
AAON	B	0.01%
EXPE	B	0.01%
SQ	B	0.01%
TDOC	C	0.01%
GME	C	0.01%
RVLV	B	0.01%
PAY	B	0.01%
SNAP	C	0.01%
MHO	D	0.01%
BBIO	F	0.01%
ABR	C	0.01%
GSAT	C	0.01%
CNH	C	0.01%
KOS	F	0.01%
KSS	F	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
XPEV	C	0.01%
KEX	C	0.01%
EPAM	C	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	F	0.01%
PTON	B	0.01%
VIPS	F	0.01%
ON	D	0.01%
COMP	B	0.01%
DDD	C	0.01%
VTRS	A	0.01%
APH	A	0.01%
EPRT	B	0.01%
SOLV	C	0.01%
MRNA	F	0.01%
TAL	F	0.01%
TEVA	D	0.01%
IMXI	B	0.01%
PLAY	D	0.01%
WBA	F	0.01%
PINS	D	0.01%
DVN	F	0.01%
BLDR	D	0.01%
RYTM	C	0.01%
TDG	D	0.01%
DYN	F	0.01%
SRRK	B	0.01%
MTDR	B	0.01%
POWL	C	0.01%
KRYS	B	0.0%
LI	F	0.0%
AGL	F	0.0%
XPEV	C	0.0%
SCLX	F	0.0%
SMWB	B	0.0%
JAMF	F	0.0%
OEC	C	0.0%
MP	B	0.0%
JOBY	B	0.0%
CRCT	F	0.0%
TH	C	0.0%
FLWS	F	0.0%
BMBL	C	0.0%
DAN	D	0.0%
CGEM	F	0.0%
MLCO	F	0.0%
SEDG	F	0.0%
ASTH	D	0.0%
HDSN	F	0.0%
MRVI	F	0.0%
MGPI	F	0.0%
BOC	C	0.0%
ZEUS	C	0.0%
SHEN	F	0.0%
SAGE	F	0.0%
DENN	D	0.0%
SPRY	D	0.0%
PKST	D	0.0%
OVV	B	0.0%
KE	C	0.0%
LGIH	D	0.0%
MLNK	B	0.0%
FLGT	F	0.0%
FIGS	F	0.0%
ITOS	F	0.0%
LSCC	D	0.0%
OLPX	D	0.0%
APTV	D	0.0%
MXL	C	0.0%
GRPN	F	0.0%
SNCY	C	0.0%
MNSO	F	0.0%
VRE	B	0.0%
PRVA	B	0.0%
FNA	C	0.0%
MAX	F	0.0%
EYE	C	0.0%
RENB	F	0.0%
ORLA	C	0.0%
PUMP	B	0.0%
TPB	B	0.0%
PD	C	0.0%
KRNT	C	0.0%
RGNX	F	0.0%
SVC	F	0.0%
CHRD	D	0.0%
REPL	B	0.0%
VIR	D	0.0%
PARR	D	0.0%
NABL	F	0.0%
CEVA	B	0.0%
LYEL	F	0.0%
CTKB	C	0.0%
FSBC	B	0.0%
HOG	D	0.0%
CRSR	C	0.0%
SGRY	F	0.0%
OLO	B	0.0%
OLMA	F	0.0%
TMCI	D	0.0%
HUMA	F	0.0%
PFC	A	0.0%
GOGO	C	0.0%
MBAVU	D	0.0%
HE	C	0.0%
SWBI	C	0.0%
CNDT	C	0.0%
IBP	D	0.0%
ELVN	D	0.0%
ZUO	B	0.0%
LAND	F	0.0%
TLRY	F	0.0%
APLS	D	0.0%
ETNB	C	0.0%
KRUS	B	0.0%
RIG	D	0.0%
LILAK	D	0.0%
SAVA	D	0.0%
CECO	A	0.0%
LPRO	C	0.0%
CALX	D	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
THRM	D	0.0%
CAR	C	0.0%
GDS	C	0.0%
PDFS	C	0.0%
QFIN	B	0.0%
QTRX	F	0.0%
AOSL	C	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	F	0.0%
XHR	B	0.0%
DJT	C	0.0%
DBI	F	0.0%
FBRT	C	0.0%
NCNO	B	0.0%
ATRO	D	0.0%
SM	B	0.0%
PUBM	C	0.0%
DNOW	B	0.0%
LESL	C	0.0%
HURN	B	0.0%
BROS	B	0.0%
CLF	F	0.0%
ENIC	D	0.0%
CEIX	A	0.0%
NVRI	F	0.0%
MDXG	B	0.0%
UCTT	D	0.0%
FDMT	F	0.0%
LXRX	F	0.0%
STAA	F	0.0%
YMAB	F	0.0%
MNTK	F	0.0%
NARI	C	0.0%
ATEN	B	0.0%
IOVA	F	0.0%
DGII	B	0.0%
UVV	B	0.0%
HAYN	C	0.0%
SIBN	F	0.0%
MERC	F	0.0%
VNET	B	0.0%
ORIC	F	0.0%
PRO	C	0.0%
TASK	C	0.0%
CHEF	A	0.0%
NNDM	F	0.0%
IDT	B	0.0%
VTLE	C	0.0%
NOVA	F	0.0%
ARDX	F	0.0%
S	B	0.0%
HL	D	0.0%
ALHC	C	0.0%
DHI	D	0.0%
IAS	C	0.0%
SABR	C	0.0%
SANA	F	0.0%
ULCC	D	0.0%
SKE	C	0.0%
TITN	C	0.0%
ARQT	C	0.0%
GDRX	F	0.0%
CYRX	F	0.0%
GH	B	0.0%
FVRR	B	0.0%
AVNS	F	0.0%
RVNC	F	0.0%
NEXT	B	0.0%
KRNY	B	0.0%
MEG	F	0.0%
SIGA	F	0.0%
TNDM	F	0.0%
DHC	F	0.0%
ATHM	D	0.0%
EB	C	0.0%
NTLA	F	0.0%
FSLY	D	0.0%
FIZZ	C	0.0%
CNC	D	0.0%
CYTK	F	0.0%
RRC	B	0.0%
PCVX	D	0.0%
RKT	F	0.0%
NVCR	C	0.0%
EMBC	C	0.0%
VZIO	A	0.0%
STOK	F	0.0%
ZI	D	0.0%
HTHT	D	0.0%
YY	C	0.0%
SITM	B	0.0%
AR	B	0.0%
METC	C	0.0%
ADNT	F	0.0%
BIGC	C	0.0%
EWCZ	F	0.0%
EYPT	F	0.0%
FC	F	0.0%
GNK	D	0.0%
SOUN	C	0.0%
PHAT	F	0.0%
ARRY	C	0.0%
OSPN	A	0.0%
SNDX	F	0.0%
BEAM	D	0.0%
BHB	B	0.0%
ENVA	B	0.0%
FIVN	C	0.0%
NVAX	F	0.0%
HRI	B	0.0%
MTW	C	0.0%
AMC	C	0.0%
CRMT	C	0.0%
DFH	D	0.0%
IIIV	C	0.0%
UNIT	B	0.0%
EVH	F	0.0%
WOOF	D	0.0%
INN	D	0.0%
GDOT	D	0.0%
CDMO	B	0.0%
EGBN	B	0.0%
APPF	B	0.0%
ARCT	F	0.0%
HUYA	F	0.0%
MOMO	D	0.0%
BRBR	A	0.0%
NX	C	0.0%
INSW	F	0.0%
TRNS	D	0.0%
OSCR	D	0.0%
ALT	C	0.0%
FROG	C	0.0%
JANX	C	0.0%
ACLS	F	0.0%
MTCH	D	0.0%
INDI	C	0.0%
FRSH	C	0.0%
FATE	F	0.0%
ATUS	C	0.0%
BXC	B	0.0%
KHC	F	0.0%
QNST	B	0.0%
ERAS	C	0.0%
GXO	B	0.0%
NTRA	B	0.0%
GRAB	B	0.0%
PODD	C	0.0%
IQ	F	0.0%
ALEC	F	0.0%
RCKT	F	0.0%
BRZE	C	0.0%
AX	A	0.0%
VSCO	B	0.0%
DIN	C	0.0%
FUBO	F	0.0%
AXSM	B	0.0%
TUYA	F	0.0%
RXRX	F	0.0%
VPG	D	0.0%
ETSY	D	0.0%
HST	C	0.0%
CCBG	B	0.0%
LMB	A	0.0%
ATKR	C	0.0%
BYND	F	0.0%
LCID	F	0.0%
RVMD	C	0.0%
CERT	F	0.0%
KIM	A	0.0%
CSTL	D	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
VRNS	D	0.0%
ARVN	D	0.0%
YEXT	A	0.0%
ELF	C	0.0%
UEC	B	0.0%
NSSC	D	0.0%
TRUP	B	0.0%
NUVL	D	0.0%
NUVB	C	0.0%
SPT	C	0.0%
DUOL	A	0.0%
PCG	A	0.0%
VITL	D	0.0%
DCO	C	0.0%
KLG	C	0.0%
IIIN	C	0.0%
RLAY	F	0.0%
DOCN	D	0.0%
JELD	F	0.0%
PLPC	B	0.0%
CSGP	D	0.0%
SPR	D	0.0%
CASS	B	0.0%
RGEN	D	0.0%
VRDN	D	0.0%
ALLO	F	0.0%
RNG	B	0.0%
JBI	F	0.0%
SITE	D	0.0%
ENFN	A	0.0%
IBUY	A	0.0%
LSPD	C	0.0%
ANF	C	0.0%
RLJ	C	0.0%
PRG	C	0.0%
PTGX	C	0.0%
HCP	B	0.0%
WRBY	B	0.0%
RPAY	D	0.0%
CIG	C	0.0%
AMPS	C	0.0%
CHGX	A	0.0%
CC	C	0.0%
CLOV	D	0.0%
ACHR	B	0.0%
PLUG	F	0.0%
EDIT	F	0.0%
KEP	B	0.0%
VVI	C	0.0%
REZI	A	0.0%
PL	A	0.0%
PATH	C	0.0%
DMRC	C	0.0%
BZ	F	0.0%
BILI	D	0.0%
PLAB	C	0.0%
CIB	B	0.0%
NCLH	B	0.0%
ENVX	F	0.0%
RAMP	C	0.0%
OGN	D	0.0%
NPAB	B	0.0%
QS	F	0.0%
WRLD	C	0.0%
CHPT	F	0.0%
NVT	B	0.0%
EVRI	A	0.0%
APLD	A	0.0%
DRH	B	0.0%
KREF	D	0.0%
ROIV	C	0.0%
BLND	B	0.0%
AMG	B	0.0%
UPWK	B	0.0%
ROCK	C	0.0%
WULF	C	0.0%
HSII	B	0.0%
LEU	C	0.0%
VKTX	F	0.0%
OPEN	D	0.0%
NEO	C	0.0%
ASAN	C	0.0%
FLNC	C	0.0%
BJRI	B	0.0%
REPX	A	0.0%
NRIX	D	0.0%
LEGH	D	0.0%
CARS	B	0.0%
TIGR	D	0.0%
IDXX	F	0.0%
AMR	C	0.0%
WIX	B	0.0%
ELAN	D	0.0%
SONO	C	0.0%
CDE	D	0.0%
SQM	F	0.0%
W	F	0.0%
MNMD	C	0.0%
VERV	F	0.0%
GPN	B	0.0%
HEES	B	0.0%
REG	B	0.0%
WEAV	B	0.0%
XMTR	C	0.0%
CMPR	D	0.0%

SPGM Underweight 203 Positions Relative to FTLS

Symbol	Grade	Weight
LNG	B	-1.19%
CTAS	B	-1.09%
TFC	A	-1.02%
HWM	A	-0.97%
FANG	D	-0.83%
JBL	B	-0.73%
RL	B	-0.67%
EAT	A	-0.65%
TOL	B	-0.65%
CSL	C	-0.6%
NVR	D	-0.55%
INSM	C	-0.54%
BJ	A	-0.47%
MAS	D	-0.46%
GEN	B	-0.45%
VRSN	F	-0.45%
ZIM	C	-0.44%
FLEX	A	-0.44%
NTRS	A	-0.42%
GL	B	-0.41%
FFIV	B	-0.4%
VICI	C	-0.4%
SWK	D	-0.4%
DBX	B	-0.36%
EXP	A	-0.35%
CRS	A	-0.34%
SNA	A	-0.33%
TKO	B	-0.32%
WRB	A	-0.32%
JAZZ	B	-0.31%
LPX	B	-0.31%
TTC	D	-0.31%
AYI	B	-0.29%
CCK	C	-0.29%
PI	D	-0.27%
ASO	F	-0.27%
SPYV	A	-0.26%
SCHV	A	-0.26%
IWD	A	-0.26%
EWBC	A	-0.25%
CNK	B	-0.24%
RPRX	D	-0.23%
KNSL	B	-0.22%
AIZ	A	-0.22%
WHD	B	-0.21%
ALSN	B	-0.2%
MGY	A	-0.2%
MSM	C	-0.2%
COLB	A	-0.19%
UHS	D	-0.19%
HRB	D	-0.19%
EXEL	B	-0.19%
PNFP	B	-0.17%
ALKS	B	-0.17%
CALM	A	-0.16%
UMBF	B	-0.16%
STNG	F	-0.16%
SFM	A	-0.16%
ORI	A	-0.15%
PRI	A	-0.15%
CRC	B	-0.15%
SKYW	B	-0.15%
AXS	A	-0.14%
CSWI	A	-0.13%
PAA	B	-0.13%
CBSH	A	-0.13%
CBT	C	-0.13%
LEG	F	-0.13%
LOGI	D	-0.13%
GFF	A	-0.13%
BFH	B	-0.13%
SIGI	C	-0.13%
FTDR	A	-0.12%
SMPL	B	-0.12%
ZWS	B	-0.12%
VRNA	B	-0.12%
MTG	C	-0.12%
TCBI	B	-0.11%
AM	A	-0.11%
ENLC	A	-0.11%
HESM	B	-0.11%
OPCH	D	-0.11%
PPC	C	-0.11%
BFAM	D	-0.11%
KRG	B	-0.11%
LOPE	B	-0.1%
THG	A	-0.1%
MMS	F	-0.1%
ABM	B	-0.1%
NSA	D	-0.1%
ESNT	D	-0.09%
KFY	B	-0.09%
PRGS	A	-0.09%
DBRG	F	-0.09%
CARG	C	-0.09%
LCII	C	-0.09%
GBCI	B	-0.09%
LANC	C	-0.08%
UBSI	B	-0.08%
EPR	D	-0.08%
KMPR	B	-0.08%
BOH	B	-0.08%
FOLD	F	-0.08%
RLI	B	-0.08%
EBC	B	-0.07%
FHB	A	-0.07%
PBH	A	-0.07%
PLXS	B	-0.07%
REVG	B	-0.07%
AVNT	B	-0.07%
AZZ	B	-0.07%
ICFI	F	-0.06%
WFG	D	-0.06%
BRC	D	-0.06%
OTEX	D	-0.06%
AUB	B	-0.06%
SUPN	C	-0.06%
TRMD	F	-0.05%
GSL	F	-0.05%
AMPH	D	-0.05%
MYGN	F	-0.04%
VSAT	F	--0.01%
VIST	A	--0.02%
CBU	B	--0.02%
GPRE	F	--0.02%
DNB	B	--0.02%
HLN	D	--0.02%
SAIA	B	--0.02%
LKFN	B	--0.02%
AER	B	--0.02%
IBOC	A	--0.02%
NVEE	F	--0.02%
ARM	D	--0.02%
OSK	B	--0.03%
UTZ	D	--0.03%
HHH	B	--0.03%
CNNE	B	--0.03%
OSIS	B	--0.03%
CLH	B	--0.03%
PSMT	C	--0.03%
AZTA	D	--0.03%
DIOD	D	--0.03%
SLGN	A	--0.03%
BIRK	D	--0.03%
STZ	D	--0.04%
CTRA	B	--0.04%
GATX	A	--0.04%
APO	B	--0.04%
FFIN	B	--0.04%
CRDO	B	--0.04%
ENR	B	--0.04%
RH	B	--0.04%
AEO	F	--0.05%
ACIW	B	--0.05%
VRRM	D	--0.05%
DLB	B	--0.06%
CDW	F	--0.06%
ZD	C	--0.06%
WST	C	--0.06%
MSA	D	--0.06%
VAL	D	--0.06%
KTOS	B	--0.07%
MMYT	B	--0.07%
SSB	B	--0.07%
AVY	D	--0.07%
IDCC	A	--0.07%
AVAV	D	--0.07%
CCOI	B	--0.08%
NSIT	F	--0.08%
R	B	--0.09%
TRMB	B	--0.09%
DY	D	--0.09%
STM	F	--0.1%
GPC	D	--0.1%
VVV	F	--0.1%
ING	F	--0.1%
HII	D	--0.11%
ARGX	A	--0.11%
HQY	B	--0.13%
STE	F	--0.13%
PKG	A	--0.15%
ASX	D	--0.15%
IPG	D	--0.16%
GSK	F	--0.16%
VMC	B	--0.16%
EFX	F	--0.19%
GWRE	A	--0.2%
BWXT	B	--0.2%
FMX	F	--0.2%
HSBC	B	--0.21%
PCAR	B	--0.22%
CCEP	C	--0.23%
KR	B	--0.25%
TYL	B	--0.25%
SAP	B	--0.27%
OMC	C	--0.27%
WAT	B	--0.3%
ZBH	C	--0.36%
ASML	F	--0.41%
MSI	B	--0.43%
MLM	B	--0.46%
VRSK	A	--0.55%
PAYX	C	--0.57%