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

$63.06

Average Daily Volume

69,452

Number of Holdings ^*

1000

* 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

$62.74

Average Daily Volume

143,927

Number of Holdings ^*

381

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	FTLS
30 Days	1.82%	-0.54%
60 Days	1.80%	0.48%
90 Days	3.39%	0.12%
12 Months	23.08%	19.22%

183 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in FTLS	Overlap
AAPL	D	3.84%	7.54%	3.84%
ABT	B	0.36%	-0.17%	-0.17%
ACN	C	0.29%	2.1%	0.29%
ACVA	B	0.0%	-0.05%	-0.05%
ADMA	C	0.02%	0.15%	0.02%
ADUS	B	0.0%	0.06%	0.0%
AFL	B	0.26%	0.74%	0.26%
ALB	D	0.01%	-0.03%	-0.03%
ALL	A	0.16%	0.89%	0.16%
ALLY	F	0.01%	0.35%	0.01%
AMAT	D	0.27%	-0.04%	-0.04%
AMD	D	0.27%	-0.03%	-0.03%
AMRC	C	0.0%	-0.04%	-0.04%
AMRK	C	0.0%	-0.04%	-0.04%
AMZN	C	2.01%	2.34%	2.01%
APD	B	0.07%	-0.73%	-0.73%
APPN	D	0.0%	-0.04%	-0.04%
ARLO	F	0.0%	-0.03%	-0.03%
ASPN	D	0.01%	-0.03%	-0.03%
ATEC	F	0.0%	-0.04%	-0.04%
AVGO	C	0.86%	1.0%	0.86%
BA	F	0.11%	-0.1%	-0.1%
BABA	C	0.19%	-0.31%	-0.31%
BABA	C	0.02%	-0.31%	-0.31%
BCRX	C	0.01%	0.08%	0.01%
BE	F	0.0%	-0.03%	-0.03%
BK	A	0.18%	-0.39%	-0.39%
BKR	D	0.02%	-0.13%	-0.13%
BRK.A	C	0.73%	1.21%	0.73%
BURL	B	0.0%	-0.04%	-0.04%
BVN	D	0.0%	-0.04%	-0.04%
C	D	0.23%	2.04%	0.23%
CAG	B	0.05%	0.47%	0.05%
CDNA	C	0.0%	0.05%	0.0%
CDNS	D	0.06%	-0.7%	-0.7%
CF	C	0.02%	0.53%	0.02%
CFLT	F	0.0%	-0.03%	-0.03%
CL	C	0.15%	1.45%	0.15%
CMCSA	D	0.17%	-0.7%	-0.7%
CME	B	0.09%	1.59%	0.09%
CMI	C	0.22%	-0.36%	-0.36%
COHR	C	0.0%	-0.02%	-0.02%
COLL	C	0.01%	0.06%	0.01%
COP	F	0.17%	-0.07%	-0.07%
COTY	D	0.0%	-0.03%	-0.03%
CROX	C	0.01%	0.64%	0.01%
CUBI	F	0.0%	0.08%	0.0%
CVX	D	0.31%	-0.02%	-0.02%
DE	B	0.19%	-0.57%	-0.57%
DEO	C	0.07%	-0.29%	-0.29%
DIS	D	0.24%	-0.72%	-0.72%
EA	C	0.0%	-0.02%	-0.02%
ENS	D	0.01%	-0.02%	-0.02%
EQT	D	0.0%	-0.04%	-0.04%
ERJ	B	0.01%	-0.04%	-0.04%
ETN	C	0.2%	-0.56%	-0.56%
EXTR	C	0.0%	0.09%	0.0%
FAST	C	0.12%	-0.02%	-0.02%
FDX	C	0.18%	1.77%	0.18%
FIS	A	0.01%	0.97%	0.01%
FRO	C	0.01%	-0.03%	-0.03%
FSLR	D	0.02%	-0.02%	-0.02%
GD	B	0.24%	-0.64%	-0.64%
GE	A	0.14%	-0.04%	-0.04%
GEHC	C	0.02%	-0.34%	-0.34%
GEV	B	0.04%	-0.38%	-0.38%
GKOS	D	0.0%	-0.04%	-0.04%
GLBE	C	0.0%	0.14%	0.0%
GM	C	0.08%	0.12%	0.08%
GMS	C	0.01%	0.11%	0.01%
GOOG	D	1.0%	1.09%	1.0%
GOOGL	D	1.0%	1.3%	1.0%
GRBK	B	0.01%	0.1%	0.01%
HAE	D	0.0%	-0.11%	-0.11%
HAYW	D	0.0%	0.07%	0.0%
HCA	A	0.03%	-0.09%	-0.09%
HDB	C	0.07%	-0.46%	-0.46%
HON	D	0.2%	-0.02%	-0.02%
HPQ	D	0.11%	1.01%	0.11%
ICHR	F	0.0%	-0.03%	-0.03%
ILMN	C	0.01%	1.07%	0.01%
INFY	B	0.18%	-0.21%	-0.21%
INTC	F	0.12%	-0.27%	-0.27%
IRTC	F	0.0%	-0.04%	-0.04%
ISRG	B	0.17%	-0.35%	-0.35%
JNJ	B	0.43%	2.14%	0.43%
JPM	D	0.83%	0.89%	0.83%
KD	D	0.01%	-0.02%	-0.02%
KEYS	C	0.13%	-0.14%	-0.14%
KMI	B	0.03%	1.03%	0.03%
LIN	B	0.35%	-0.74%	-0.74%
LLY	C	0.89%	1.05%	0.89%
LMND	D	0.0%	-0.04%	-0.04%
LMT	B	0.27%	-0.42%	-0.42%
LOW	B	0.29%	2.05%	0.29%
LYFT	D	0.0%	-0.04%	-0.04%
MARA	F	0.01%	-0.03%	-0.03%
MAT	C	0.0%	-0.1%	-0.1%
MATX	C	0.01%	0.13%	0.01%
MCD	B	0.23%	-0.48%	-0.48%
MDLZ	B	0.06%	-0.45%	-0.45%
META	B	1.37%	1.64%	1.37%
MMM	A	0.11%	-0.36%	-0.36%
MO	C	0.09%	1.56%	0.09%
MP	D	0.0%	-0.04%	-0.04%
MPC	F	0.17%	1.55%	0.17%
MQ	F	0.0%	0.08%	0.0%
MSFT	C	3.54%	4.46%	3.54%
MU	F	0.07%	-0.17%	-0.17%
MUFG	D	0.15%	-0.07%	-0.07%
NEOG	D	0.0%	-0.04%	-0.04%
NFLX	B	0.32%	-0.15%	-0.15%
NMIH	B	0.0%	0.08%	0.0%
NOW	B	0.14%	-0.34%	-0.34%
NSC	C	0.17%	-0.32%	-0.32%
NTAP	D	0.1%	0.79%	0.1%
NVDA	D	3.42%	3.66%	3.42%
NVS	B	0.25%	0.5%	0.25%
NWSA	D	0.01%	-0.03%	-0.03%
NXPI	F	0.01%	-0.11%	-0.11%
OKTA	F	0.01%	0.46%	0.01%
ORCL	B	0.38%	-0.74%	-0.74%
PANW	C	0.1%	-0.26%	-0.26%
PAR	B	0.0%	-0.03%	-0.03%
PBR	C	0.03%	0.82%	0.03%
PENN	D	0.0%	0.38%	0.0%
PEP	B	0.3%	-0.74%	-0.74%
PG	A	0.52%	-0.32%	-0.32%
PH	B	0.15%	1.42%	0.15%
PLMR	B	0.01%	0.06%	0.01%
PM	B	0.21%	1.98%	0.21%
PNC	B	0.15%	-0.54%	-0.54%
PNR	A	0.01%	0.47%	0.01%
PRCT	B	0.0%	-0.03%	-0.03%
QCOM	D	0.29%	1.98%	0.29%
RCL	B	0.03%	-0.03%	-0.03%
RDFN	C	0.01%	0.09%	0.01%
RDY	D	0.14%	-0.04%	-0.04%
RIVN	F	0.01%	-0.03%	-0.03%
ROIC	B	0.11%	0.06%	0.06%
RUN	C	0.01%	-0.04%	-0.04%
RXST	C	0.0%	-0.04%	-0.04%
SAM	F	0.0%	0.19%	0.0%
SCHW	D	0.14%	1.89%	0.14%
SDGR	F	0.01%	-0.04%	-0.04%
SE	B	0.03%	-0.06%	-0.06%
SLB	F	0.07%	-0.14%	-0.14%
SNPS	D	0.04%	-0.31%	-0.31%
SOFI	C	0.01%	-0.04%	-0.04%
SYF	D	0.04%	0.63%	0.04%
SYK	B	0.2%	-0.19%	-0.19%
SYY	C	0.13%	0.91%	0.13%
TBBK	B	0.03%	0.09%	0.03%
THO	C	0.0%	0.18%	0.0%
TM	F	0.27%	-0.19%	-0.19%
TMO	B	0.47%	-0.04%	-0.04%
TMUS	A	0.06%	2.03%	0.06%
TRV	A	0.2%	0.99%	0.2%
TSLA	C	0.74%	-0.55%	-0.55%
TTD	B	0.05%	-0.06%	-0.06%
TTWO	D	0.0%	-0.34%	-0.34%
TWLO	D	0.01%	0.47%	0.01%
TWST	D	0.01%	0.17%	0.01%
TXG	D	0.0%	0.13%	0.0%
TXN	D	0.39%	-0.43%	-0.43%
UL	A	0.19%	-0.41%	-0.41%
UNH	C	0.7%	-0.49%	-0.49%
UPST	C	0.01%	-0.03%	-0.03%
URI	C	0.02%	-0.2%	-0.2%
USB	C	0.12%	1.29%	0.12%
UWMC	C	0.0%	-0.04%	-0.04%
VCYT	B	0.0%	0.07%	0.0%
VLO	F	0.11%	1.49%	0.11%
VLTO	B	0.05%	0.55%	0.05%
VNT	D	0.01%	-0.08%	-0.08%
W	D	0.01%	-0.04%	-0.04%
WGO	D	0.0%	0.12%	0.0%
WM	D	0.22%	-0.53%	-0.53%
WMB	A	0.07%	0.06%	0.06%
WMT	B	0.4%	-0.04%	-0.04%
WOLF	F	0.0%	-0.03%	-0.03%
XOM	D	0.65%	-0.52%	-0.52%
YOU	B	0.0%	0.11%	0.0%

SPGM Overweight 817 Positions Relative to FTLS

Symbol	Grade	Weight
TSM	C	0.94%
V	A	0.66%
COST	B	0.58%
HD	B	0.54%
BAC	D	0.46%
ABBV	B	0.44%
MA	A	0.42%
ADBE	D	0.4%
MRK	D	0.39%
CRM	D	0.39%
INTU	C	0.37%
TJX	B	0.36%
KO	B	0.35%
DHR	B	0.35%
RTX	C	0.34%
WFC	F	0.33%
AXP	B	0.33%
CSCO	C	0.32%
GS	D	0.31%
IBM	A	0.29%
UNP	B	0.28%
NEE	B	0.28%
PLD	B	0.27%
CAT	C	0.27%
CB	B	0.27%
PSA	A	0.25%
BKNG	B	0.25%
MDT	B	0.25%
SPGI	A	0.25%
AMGN	B	0.25%
MS	D	0.24%
ELV	B	0.24%
A	C	0.23%
PFE	C	0.22%
SONY	C	0.22%
ADP	A	0.22%
SBUX	C	0.21%
ORLY	B	0.21%
T	A	0.21%
MCK	F	0.21%
NKE	D	0.2%
AMT	B	0.2%
MMC	A	0.19%
ABBV	B	0.19%
CSX	D	0.19%
MET	B	0.19%
ROST	C	0.19%
BDX	D	0.18%
IBN	B	0.18%
GILD	B	0.18%
NOC	B	0.18%
ADI	D	0.18%
EMR	D	0.17%
PGR	B	0.17%
TT	A	0.17%
AEP	A	0.17%
JCI	B	0.16%
TEL	D	0.16%
ECL	A	0.15%
EOG	D	0.15%
PRU	C	0.15%
VZ	A	0.15%
DFS	C	0.15%
GLW	C	0.14%
SPG	B	0.14%
CVS	D	0.14%
HSY	B	0.14%
PEG	A	0.14%
BSX	B	0.14%
REGN	C	0.14%
CNI	C	0.14%
PYPL	B	0.13%
BMY	C	0.13%
CLX	B	0.13%
UBER	C	0.13%
TD	A	0.13%
ITW	B	0.13%
CTSH	B	0.13%
COF	D	0.12%
IR	D	0.12%
KMB	C	0.12%
MKC	B	0.12%
EIX	B	0.12%
TGT	C	0.12%
EBAY	A	0.11%
CEG	C	0.11%
HES	F	0.11%
DUK	B	0.11%
MTB	B	0.11%
UPS	D	0.11%
MELI	B	0.11%
YUM	B	0.11%
UMH	B	0.1%
SHOP	C	0.1%
AZN	D	0.1%
CMG	C	0.1%
ZTS	B	0.1%
CHT	A	0.09%
BIIB	F	0.09%
CI	B	0.09%
CHTR	D	0.09%
ADM	D	0.09%
SMFG	D	0.08%
SO	A	0.08%
VRTX	C	0.08%
UMC	B	0.08%
SJM	C	0.08%
LYB	F	0.08%
DD	B	0.08%
BLK	A	0.08%
TSN	C	0.08%
PPL	A	0.08%
CHRW	C	0.08%
JNPR	B	0.07%
MRO	D	0.07%
EXC	A	0.07%
WDC	D	0.07%
CRWD	D	0.07%
K	A	0.07%
PDD	F	0.07%
LRCX	F	0.07%
VALE	D	0.07%
STX	D	0.07%
F	D	0.07%
DOW	F	0.07%
STT	B	0.07%
PLTR	B	0.07%
NXRT	B	0.07%
CHD	B	0.07%
AON	B	0.07%
CTVA	B	0.07%
VGR	C	0.07%
FE	B	0.07%
LYG	B	0.06%
ITUB	B	0.06%
HPE	F	0.06%
MFG	D	0.06%
TCOM	C	0.06%
BCS	B	0.06%
PKX	D	0.06%
WIT	C	0.06%
FTV	C	0.06%
EL	F	0.06%
GIS	B	0.06%
CARR	A	0.06%
DEA	B	0.06%
ANET	C	0.06%
BAX	C	0.06%
EQR	B	0.06%
NMR	F	0.05%
EQIX	B	0.05%
MRVL	C	0.05%
BEN	D	0.05%
VRT	C	0.05%
HAL	F	0.05%
FOXA	C	0.05%
GOOD	A	0.05%
OXY	F	0.05%
DOC	B	0.05%
BX	A	0.05%
KLAC	D	0.05%
PSX	F	0.05%
STLA	F	0.05%
E	C	0.05%
LNTH	C	0.04%
LW	D	0.04%
KVUE	B	0.04%
KB	D	0.04%
TMDX	D	0.04%
AXON	A	0.04%
ALLE	A	0.04%
OTIS	C	0.04%
ABNB	D	0.04%
FCX	D	0.04%
DLTR	F	0.04%
NEM	B	0.04%
MOD	C	0.04%
SQ	D	0.03%
TAC	A	0.03%
HOV	C	0.03%
IFF	B	0.03%
AA	D	0.03%
AXNX	B	0.03%
NET	D	0.03%
DASH	C	0.03%
BIDU	F	0.03%
NU	B	0.03%
YUMC	D	0.03%
MRNA	F	0.03%
BRSP	D	0.03%
HMC	C	0.03%
SNOW	F	0.03%
LNW	B	0.03%
COIN	F	0.03%
LDOS	B	0.03%
LVS	D	0.03%
MPWR	C	0.03%
SHW	A	0.03%
TPR	C	0.03%
BBD	C	0.03%
DX	A	0.03%
DVN	F	0.02%
INSP	C	0.02%
TEVA	C	0.02%
ICE	B	0.02%
TDG	B	0.02%
DXCM	F	0.02%
ACEL	C	0.02%
HUBS	D	0.02%
GGB	C	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%
CVNA	B	0.02%
LI	F	0.02%
MOS	F	0.02%
CFG	C	0.02%
DELL	D	0.02%
MSTR	D	0.02%
CHX	D	0.02%
HIMS	D	0.02%
QTWO	B	0.02%
TEAM	D	0.02%
ABEV	C	0.02%
DKNG	D	0.02%
MT	D	0.02%
AHH	B	0.02%
APP	B	0.02%
WTTR	D	0.02%
FICO	A	0.02%
GOLD	B	0.02%
MDB	D	0.02%
IIPR	A	0.02%
FTI	D	0.02%
DDOG	D	0.02%
ITCI	D	0.02%
FTNT	B	0.02%
SMCI	F	0.02%
SHG	C	0.02%
WDAY	D	0.02%
LEGH	B	0.01%
SQM	D	0.01%
NRIX	B	0.01%
DT	C	0.01%
ELAN	D	0.01%
VMEO	C	0.01%
NEO	C	0.01%
REG	B	0.01%
PHAT	B	0.01%
M	D	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	C	0.01%
NOVA	C	0.01%
LASR	F	0.01%
ITRI	C	0.01%
CHPT	F	0.01%
NR	D	0.01%
RLAY	D	0.01%
PACB	D	0.01%
JKS	D	0.01%
KYMR	B	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	B	0.01%
DOCS	B	0.01%
EDIT	F	0.01%
VKTX	C	0.01%
BLFS	B	0.01%
PACK	D	0.01%
OPEN	D	0.01%
NOV	F	0.01%
LIND	C	0.01%
CENX	D	0.01%
DQ	F	0.01%
GTLB	D	0.01%
PTEN	F	0.01%
OGN	C	0.01%
SMAR	B	0.01%
FUTU	F	0.01%
LUMN	C	0.01%
VERV	F	0.01%
FBK	B	0.01%
AMSC	D	0.01%
DLR	A	0.01%
U	D	0.01%
RLX	F	0.01%
XPO	D	0.01%
TGI	F	0.01%
MCB	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	C	0.01%
OMI	D	0.01%
ULH	C	0.01%
YETI	D	0.01%
ALEX	B	0.01%
AUR	C	0.01%
BLBD	C	0.01%
MGNI	C	0.01%
ALGN	D	0.01%
PAY	C	0.01%
OSW	C	0.01%
LBRDK	D	0.01%
CZR	D	0.01%
CLNE	C	0.01%
PTON	C	0.01%
LWLG	F	0.01%
PEN	D	0.01%
AAON	A	0.01%
CASH	B	0.01%
DOCU	C	0.01%
CYH	B	0.01%
CELH	F	0.01%
RKLB	B	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	A	0.01%
FOUR	C	0.01%
RVLV	B	0.01%
PNTG	B	0.01%
PRTA	D	0.01%
SEMR	D	0.01%
EFC	A	0.01%
RNA	D	0.01%
EXPE	C	0.01%
IDYA	F	0.01%
GSAT	F	0.01%
RCUS	C	0.01%
INMD	D	0.01%
SRPT	F	0.01%
ADSK	B	0.01%
BZH	B	0.01%
SQ	D	0.01%
ALNY	C	0.01%
HASI	B	0.01%
TREX	F	0.01%
RDNT	B	0.01%
INTA	B	0.01%
VSTO	B	0.01%
MNDY	B	0.01%
TME	F	0.01%
MRC	D	0.01%
XPEV	D	0.01%
AES	C	0.01%
DH	F	0.01%
BHF	F	0.01%
GME	F	0.01%
POWL	C	0.01%
BEKE	F	0.01%
SID	D	0.01%
PHR	C	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%
MBIN	C	0.01%
SCCO	D	0.01%
CLBT	B	0.01%
HSTM	C	0.01%
EXAS	C	0.01%
AKO.A	D	0.01%
AKRO	C	0.01%
SNAP	F	0.01%
DDD	F	0.01%
CCS	B	0.01%
PBF	F	0.01%
TOST	C	0.01%
APA	F	0.01%
FLNG	C	0.01%
CLDX	C	0.01%
ARWR	F	0.01%
TAL	F	0.01%
ZETA	B	0.01%
EPAM	D	0.01%
DVAX	D	0.01%
ABR	C	0.01%
VERX	D	0.01%
TREE	C	0.01%
KEX	C	0.01%
GERN	D	0.01%
CNH	C	0.01%
MHO	B	0.01%
PLAY	F	0.01%
ORA	C	0.01%
VIPS	F	0.01%
VTRS	C	0.01%
IMXI	D	0.01%
KOS	F	0.01%
APH	D	0.01%
TGTX	B	0.01%
COMP	B	0.01%
RYTM	C	0.01%
NIO	C	0.01%
KSS	F	0.01%
MTDR	F	0.01%
AFRM	C	0.01%
EPRT	A	0.01%
CCL	C	0.01%
ENPH	D	0.01%
BLDR	C	0.01%
BBIO	D	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	D	0.01%
PINS	F	0.01%
KRYS	D	0.0%
XPEV	D	0.0%
LI	F	0.0%
SMWB	C	0.0%
SCLX	F	0.0%
AGL	F	0.0%
OEC	F	0.0%
JOBY	D	0.0%
JAMF	F	0.0%
BMBL	F	0.0%
FLWS	D	0.0%
CRCT	D	0.0%
TH	C	0.0%
MLCO	F	0.0%
DAN	F	0.0%
SPRY	C	0.0%
DENN	F	0.0%
ZEUS	F	0.0%
CGEM	D	0.0%
BOC	C	0.0%
TPB	C	0.0%
OVV	F	0.0%
KE	F	0.0%
SNCY	F	0.0%
ASTH	B	0.0%
FNA	F	0.0%
SHEN	F	0.0%
LGIH	C	0.0%
LSCC	D	0.0%
KRNT	C	0.0%
PKST	C	0.0%
HDSN	F	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	F	0.0%
MNSO	F	0.0%
PUMP	F	0.0%
PDFS	D	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	C	0.0%
VIR	F	0.0%
ORLA	C	0.0%
CTKB	F	0.0%
APTV	F	0.0%
PFC	C	0.0%
CHRD	F	0.0%
DJT	F	0.0%
PARR	F	0.0%
CAR	F	0.0%
KRUS	D	0.0%
LYEL	F	0.0%
GRPN	F	0.0%
MRVI	C	0.0%
RENB	F	0.0%
HOG	C	0.0%
GDS	C	0.0%
ZUO	D	0.0%
LPRO	F	0.0%
NABL	D	0.0%
SWBI	D	0.0%
CNDT	C	0.0%
GOGO	F	0.0%
ELVN	D	0.0%
QFIN	C	0.0%
RGNX	D	0.0%
MAX	C	0.0%
NCNO	F	0.0%
MDXG	F	0.0%
XPOF	D	0.0%
RIG	F	0.0%
CECO	C	0.0%
BROS	D	0.0%
IBP	C	0.0%
HE	D	0.0%
ETNB	F	0.0%
SAVA	C	0.0%
HUMA	D	0.0%
CEIX	C	0.0%
MBAVU	C	0.0%
CXM	F	0.0%
SGRY	C	0.0%
DNOW	D	0.0%
ITOS	F	0.0%
XHR	C	0.0%
PDFS	D	0.0%
ULCC	D	0.0%
OLMA	D	0.0%
LAND	C	0.0%
SVC	F	0.0%
SM	F	0.0%
HURN	C	0.0%
THRM	D	0.0%
ATEN	C	0.0%
QTRX	F	0.0%
NEXT	F	0.0%
PRO	F	0.0%
CALX	D	0.0%
PUBM	F	0.0%
LESL	F	0.0%
TLRY	F	0.0%
ESTA	D	0.0%
IDT	C	0.0%
DBI	F	0.0%
DGII	D	0.0%
SHC	B	0.0%
ENIC	D	0.0%
NARI	F	0.0%
VNET	C	0.0%
CLF	F	0.0%
UCTT	F	0.0%
AOSL	D	0.0%
LILAK	C	0.0%
SABR	D	0.0%
APLS	D	0.0%
UVV	D	0.0%
ATRO	D	0.0%
TASK	D	0.0%
S	C	0.0%
HRI	D	0.0%
KRNY	D	0.0%
SHLS	D	0.0%
HAYN	D	0.0%
MERC	F	0.0%
MNTK	F	0.0%
CHEF	C	0.0%
SITM	C	0.0%
GH	D	0.0%
STAA	F	0.0%
XPRO	F	0.0%
FVRR	C	0.0%
ALHC	C	0.0%
TITN	F	0.0%
VSCO	C	0.0%
FIVN	F	0.0%
EB	F	0.0%
METC	F	0.0%
SOUN	D	0.0%
NNDM	D	0.0%
RRC	D	0.0%
IOVA	D	0.0%
HTHT	D	0.0%
YMAB	C	0.0%
ENVA	C	0.0%
FIZZ	F	0.0%
FSLY	D	0.0%
SKE	B	0.0%
EGBN	C	0.0%
SIBN	D	0.0%
ORIC	D	0.0%
AR	D	0.0%
HL	B	0.0%
ATHM	C	0.0%
IAS	D	0.0%
SMR	D	0.0%
NVRI	D	0.0%
BHB	B	0.0%
EYPT	F	0.0%
FRSH	F	0.0%
DHI	B	0.0%
ZI	D	0.0%
OSPN	B	0.0%
CYRX	F	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	D	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	D	0.0%
UEC	F	0.0%
AX	D	0.0%
LMB	C	0.0%
NX	D	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	C	0.0%
TUYA	F	0.0%
NTRA	B	0.0%
DUOL	C	0.0%
LXRX	F	0.0%
APPF	D	0.0%
MOMO	D	0.0%
EWCZ	F	0.0%
LEU	F	0.0%
GDOT	C	0.0%
KC	F	0.0%
ALT	D	0.0%
CNC	C	0.0%
PODD	B	0.0%
DHC	C	0.0%
FDMT	F	0.0%
IAG	B	0.0%
WOOF	C	0.0%
INN	C	0.0%
STOK	C	0.0%
QNST	C	0.0%
TRUP	B	0.0%
CCBG	B	0.0%
YEXT	C	0.0%
PL	F	0.0%
LSPD	F	0.0%
AMC	D	0.0%
PCVX	B	0.0%
IQ	F	0.0%
SNDX	F	0.0%
UPWK	F	0.0%
ESTC	F	0.0%
CRMT	F	0.0%
WULF	D	0.0%
DFH	C	0.0%
MEG	F	0.0%
RKT	B	0.0%
REZI	D	0.0%
VVI	D	0.0%
RNG	D	0.0%
NTLA	F	0.0%
TIGR	F	0.0%
ATKR	F	0.0%
XMTR	D	0.0%
BRZE	F	0.0%
AXSM	C	0.0%
HST	D	0.0%
PLPC	D	0.0%
KIM	B	0.0%
NCLH	C	0.0%
ENFN	D	0.0%
RVNC	D	0.0%
TNDM	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	C	0.0%
RXRX	F	0.0%
ETSY	F	0.0%
PCG	B	0.0%
VRNS	C	0.0%
MTCH	C	0.0%
NUVL	B	0.0%
KHC	C	0.0%
AMPS	F	0.0%
CASS	C	0.0%
DCO	B	0.0%
IBUY	B	0.0%
PCT	C	0.0%
NSSC	D	0.0%
ERAS	D	0.0%
PFSI	B	0.0%
CLOV	C	0.0%
ANF	D	0.0%
VPG	F	0.0%
GDRX	D	0.0%
HUYA	D	0.0%
BILI	D	0.0%
BLND	C	0.0%
REPX	D	0.0%
ARCT	F	0.0%
FUBO	D	0.0%
SITE	D	0.0%
CC	F	0.0%
RLJ	F	0.0%
CERT	F	0.0%
HEES	D	0.0%
PRG	B	0.0%
CSTL	B	0.0%
IIIN	D	0.0%
ARVN	F	0.0%
APLD	C	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	C	0.0%
OSCR	C	0.0%
SANA	F	0.0%
DOCN	B	0.0%
HCP	A	0.0%
BYND	F	0.0%
RPAY	F	0.0%
WEAV	D	0.0%
RAMP	F	0.0%
CHGX	A	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%
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	F	0.0%
NVAX	D	0.0%
SONO	F	0.0%
PTGX	B	0.0%
AI	F	0.0%
PLAB	D	0.0%
WRLD	D	0.0%
RGEN	F	0.0%
DRH	C	0.0%
ZLAB	C	0.0%
BASE	F	0.0%
CIB	D	0.0%
ALEC	D	0.0%
ROCK	D	0.0%
CARS	D	0.0%
EVRI	C	0.0%
PETQ	A	0.0%
FLYW	D	0.0%
DMRC	D	0.0%
RIOT	F	0.0%
LAZR	F	0.0%
USLM	B	0.0%
CDE	C	0.0%
VICR	F	0.0%
ALKT	D	0.0%
MITK	F	0.0%
ENVX	F	0.0%
ODFL	D	0.0%
AAOI	D	0.0%
GATO	B	0.0%
GPN	C	0.0%
ACMR	F	0.0%
BTU	D	0.0%
BILL	D	0.0%
JELD	D	0.0%
PIXY	F	0.0%
KREF	B	0.0%
ALLO	D	0.0%
SRRK	F	0.0%
GDYN	C	0.0%

SPGM Underweight 199 Positions Relative to FTLS

Symbol	Grade	Weight
LNG	C	-1.07%
CTAS	B	-1.06%
TFC	D	-1.0%
FANG	F	-0.88%
HWM	B	-0.85%
JBL	D	-0.62%
TOL	B	-0.62%
INSM	D	-0.6%
NVR	B	-0.58%
RL	B	-0.57%
CSL	C	-0.56%
SWK	B	-0.49%
VRSN	D	-0.48%
MAS	B	-0.47%
VICI	B	-0.45%
BJ	D	-0.45%
EAT	B	-0.42%
GL	C	-0.41%
FLEX	D	-0.38%
NTRS	B	-0.37%
TTC	D	-0.36%
WRB	C	-0.34%
FFIV	A	-0.34%
TKO	B	-0.33%
ZIM	C	-0.32%
DBX	D	-0.32%
CCK	A	-0.31%
ASO	C	-0.31%
EXP	A	-0.29%
LPX	B	-0.28%
RPRX	C	-0.28%
CRS	B	-0.28%
JAZZ	D	-0.28%
SNA	B	-0.27%
PI	B	-0.25%
UHS	B	-0.24%
AYI	B	-0.23%
KNSL	C	-0.23%
HRB	C	-0.22%
CNK	B	-0.22%
STNG	D	-0.21%
AIZ	C	-0.21%
MSM	D	-0.2%
EWBC	D	-0.2%
MGY	D	-0.19%
WHD	C	-0.19%
OPCH	C	-0.17%
ALKS	C	-0.17%
ALSN	B	-0.16%
ORI	B	-0.15%
EXEL	A	-0.15%
LOGI	F	-0.15%
COLB	C	-0.15%
BFAM	B	-0.15%
MTG	B	-0.14%
AXS	B	-0.14%
LEG	D	-0.14%
PAA	C	-0.14%
PNFP	B	-0.14%
PRI	B	-0.14%
UMBF	B	-0.14%
CBT	B	-0.13%
CALM	B	-0.13%
SIGI	C	-0.13%
CRC	C	-0.13%
KRG	B	-0.12%
SFM	B	-0.12%
NSA	A	-0.12%
HESM	C	-0.12%
CBSH	B	-0.12%
ENLC	B	-0.11%
ABM	D	-0.11%
PPC	D	-0.11%
SMPL	D	-0.11%
SKYW	C	-0.11%
AM	B	-0.11%
MMS	D	-0.11%
GFF	C	-0.11%
LCII	C	-0.1%
ZWS	B	-0.1%
VRNA	B	-0.1%
FOLD	D	-0.1%
CSWI	B	-0.1%
ESNT	B	-0.1%
FTDR	B	-0.1%
LOPE	D	-0.09%
DBRG	D	-0.09%
EPR	B	-0.09%
THG	A	-0.09%
RLI	B	-0.08%
LANC	D	-0.08%
TRMD	D	-0.08%
PRGS	B	-0.08%
GBCI	C	-0.08%
TCBI	B	-0.08%
KFY	B	-0.08%
PBH	B	-0.07%
MYGN	C	-0.07%
REVG	D	-0.07%
AVNT	B	-0.07%
OTEX	D	-0.07%
AZZ	D	-0.07%
CARG	B	-0.07%
BOH	C	-0.07%
UBSI	C	-0.07%
KMPR	D	-0.07%
WFG	A	-0.06%
GSL	D	-0.06%
AUB	C	-0.06%
PLXS	B	-0.06%
AMPH	C	-0.06%
BRC	B	-0.06%
FHB	C	-0.06%
ICFI	B	-0.06%
EBC	B	-0.06%
SUPN	D	-0.06%
LKFN	C	--0.02%
AER	C	--0.02%
NVEE	F	--0.02%
SAIA	D	--0.02%
IBOC	C	--0.02%
ARM	D	--0.02%
OSIS	C	--0.03%
PSMT	B	--0.03%
CLH	B	--0.03%
RH	C	--0.03%
VSAT	F	--0.03%
BIRK	D	--0.03%
CRDO	D	--0.03%
VIST	C	--0.03%
HLN	A	--0.03%
SLGN	B	--0.03%
DNB	C	--0.03%
CBU	C	--0.03%
UTZ	C	--0.04%
ENR	D	--0.04%
FFIN	C	--0.04%
OSK	D	--0.04%
GPRE	F	--0.04%
CNNE	D	--0.04%
HHH	C	--0.04%
DIOD	F	--0.04%
AZTA	D	--0.04%
ACIW	B	--0.05%
CTRA	F	--0.05%
GATX	C	--0.05%
WST	F	--0.06%
APO	C	--0.06%
ZD	D	--0.06%
STZ	C	--0.06%
DLB	D	--0.07%
MSA	D	--0.07%
AEO	F	--0.07%
VRRM	D	--0.07%
CHK	D	--0.08%
TRMB	C	--0.08%
MMYT	B	--0.08%
AVAV	D	--0.08%
VAL	F	--0.08%
SSB	B	--0.08%
KTOS	B	--0.08%
R	B	--0.09%
CCOI	C	--0.09%
CDW	D	--0.09%
AVY	B	--0.09%
DY	C	--0.1%
VVV	D	--0.11%
IDCC	B	--0.12%
ARGX	B	--0.12%
NSIT	C	--0.13%
ING	B	--0.13%
STM	F	--0.14%
HQY	C	--0.14%
GPC	D	--0.14%
PKG	B	--0.16%
VMC	D	--0.16%
STE	B	--0.17%
ASX	D	--0.17%
GWRE	A	--0.18%
HII	D	--0.19%
BWXT	D	--0.19%
IPG	C	--0.21%
PCAR	D	--0.22%
HSBC	B	--0.24%
GSK	C	--0.25%
EFX	B	--0.26%
KR	B	--0.27%
FMX	D	--0.27%
CCEP	B	--0.29%
TYL	B	--0.29%
OMC	B	--0.31%
SAP	A	--0.31%
WAT	C	--0.32%
ZBH	D	--0.45%
MSI	B	--0.46%
MLM	D	--0.48%
ASML	D	--0.58%
PAYX	B	--0.63%
VRSK	D	--0.64%