SPGM vs. IQDE ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

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

$64.39

Average Daily Volume

45,956

Number of Holdings ^*

1001

* may have additional holdings in another (foreign) market

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in its underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$23.20

Average Daily Volume

2,099

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	IQDE
30 Days	1.69%	0.68%
60 Days	7.84%	7.99%
90 Days	4.46%	5.36%
12 Months	33.15%	26.19%

10 Overlapping Holdings

	Symbol	Grade	Weight in SPGM	Weight in IQDE	Overlap
	BABA	A	0.23%	0.33%	0.23%
	BABA	A	0.03%	0.33%	0.03%
	BCS	C	0.06%	0.42%	0.06%
	CNI	D	0.14%	0.41%	0.14%
	NVS	D	0.25%	1.3%	0.25%
	SMFG	D	0.07%	0.51%	0.07%
	STLA	F	0.06%	0.3%	0.06%
	TD	C	0.13%	0.05%	0.05%
	UL	C	0.19%	0.12%	0.12%
	VALE	B	0.08%	0.16%	0.08%

SPGM Overweight 991 Positions Relative to IQDE

	Symbol	Grade	Weight
	AAPL	C	3.74%
	MSFT	D	3.41%
	NVDA	C	3.39%
	AMZN	C	1.95%
	META	A	1.45%
	GOOGL	B	1.04%
	GOOG	B	1.03%
	TSM	C	0.93%
	AVGO	C	0.9%
	TSLA	C	0.81%
	JPM	D	0.81%
	LLY	D	0.81%
	BRK.A	C	0.7%
	UNH	B	0.66%
	XOM	A	0.65%
	V	C	0.61%
	COST	C	0.55%
	HD	A	0.55%
	PG	C	0.49%
	TMO	C	0.45%
	BAC	D	0.44%
	ABBV	A	0.42%
	JNJ	D	0.41%
	MA	A	0.41%
	CRM	B	0.41%
	WMT	A	0.39%
	ORCL	B	0.39%
	TXN	C	0.38%
	MRK	F	0.37%
	DHR	C	0.34%
	INTU	F	0.34%
	AXP	A	0.34%
	ADBE	F	0.34%
	TJX	C	0.34%
	LIN	B	0.34%
	CSCO	A	0.33%
	RTX	A	0.33%
	ABT	B	0.33%
	KO	C	0.33%
	NFLX	A	0.32%
	WFC	D	0.32%
	CVX	B	0.31%
	GS	C	0.31%
	CAT	A	0.3%
	LOW	A	0.3%
	TM	D	0.29%
	IBM	B	0.29%
	AMD	D	0.28%
	QCOM	D	0.28%
	AMAT	B	0.28%
	CB	A	0.27%
	LMT	A	0.27%
	ACN	B	0.27%
	PEP	D	0.27%
	NEE	A	0.27%
	BKNG	C	0.26%
	UNP	D	0.26%
	DIS	D	0.25%
	PLD	D	0.25%
	AFL	A	0.25%
	SPGI	C	0.24%
	MS	B	0.24%
	SONY	C	0.23%
	A	B	0.23%
	GD	A	0.23%
	MDT	B	0.23%
	CMI	B	0.23%
	PSA	C	0.23%
	MCD	A	0.23%
	AMGN	D	0.23%
	C	B	0.23%
	ELV	F	0.22%
	WM	B	0.21%
	ADP	A	0.21%
	NKE	D	0.21%
	ETN	C	0.21%
	PM	C	0.2%
	MCK	F	0.2%
	SBUX	B	0.2%
	MET	A	0.2%
	PFE	D	0.2%
	T	A	0.2%
	ORLY	A	0.2%
	AMT	C	0.19%
	ROST	C	0.19%
	SYK	C	0.19%
	TRV	C	0.19%
	DE	A	0.19%
	ABBV	A	0.19%
	HON	C	0.19%
	IBN	C	0.18%
	BK	C	0.18%
	EMR	B	0.18%
	TT	A	0.18%
	ADI	C	0.18%
	CSX	D	0.18%
	JCI	B	0.17%
	PGR	C	0.17%
	COP	D	0.17%
	MPC	F	0.17%
	BDX	B	0.17%
	CMCSA	B	0.17%
	MMC	D	0.17%
	NOC	B	0.17%
	GILD	A	0.17%
	NSC	C	0.16%
	DFS	C	0.16%
	ISRG	A	0.16%
	TEL	D	0.16%
	FDX	D	0.16%
	INFY	D	0.16%
	AEP	C	0.16%
	VZ	A	0.15%
	PRU	C	0.15%
	PNC	C	0.15%
	GE	C	0.15%
	ALL	B	0.15%
	PH	A	0.15%
	SPG	A	0.14%
	BSX	A	0.14%
	NOW	C	0.14%
	GLW	B	0.14%
	CEG	B	0.14%
	SCHW	D	0.14%
	CL	D	0.14%
	ECL	B	0.14%
	PEG	A	0.14%
	EOG	B	0.14%
	MUFG	D	0.14%
	CVS	D	0.14%
	CTSH	B	0.13%
	SYY	B	0.13%
	KEYS	B	0.13%
	HSY	D	0.13%
	RDY	D	0.13%
	UBER	C	0.13%
	ITW	A	0.13%
	INTC	D	0.13%
	PYPL	C	0.13%
	FAST	B	0.12%
	MKC	C	0.12%
	CLX	B	0.12%
	COF	C	0.12%
	EIX	A	0.12%
	IR	A	0.12%
	REGN	D	0.12%
	BMY	B	0.12%
	TGT	C	0.12%
	EBAY	A	0.11%
	HPQ	C	0.11%
	MELI	C	0.11%
	HES	D	0.11%
	UPS	D	0.11%
	VLO	F	0.11%
	MMM	C	0.11%
	MTB	C	0.11%
	USB	C	0.11%
	YUM	A	0.11%
	KMB	B	0.11%
	NTAP	D	0.1%
	CMG	C	0.1%
	ZTS	C	0.1%
	DUK	A	0.1%
	ROIC	C	0.1%
	SHOP	C	0.1%
	BA	F	0.1%
	CHTR	D	0.09%
	CHT	C	0.09%
	CHRW	A	0.09%
	CME	A	0.09%
	UMH	C	0.09%
	ADM	D	0.09%
	PDD	B	0.09%
	AZN	D	0.09%
	PANW	D	0.09%
	GM	D	0.08%
	CTVA	A	0.08%
	APD	C	0.08%
	LYB	D	0.08%
	SJM	C	0.08%
	DEO	B	0.08%
	PPL	A	0.08%
	MO	D	0.08%
	BLK	A	0.08%
	CI	D	0.08%
	BIIB	F	0.08%
	DD	B	0.08%
	K	B	0.07%
	NXRT	D	0.07%
	EXC	A	0.07%
	HPE	B	0.07%
	HDB	C	0.07%
	WMB	A	0.07%
	ANET	A	0.07%
	EL	D	0.07%
	F	D	0.07%
	SLB	D	0.07%
	STX	B	0.07%
	WDC	C	0.07%
	CHD	C	0.07%
	LRCX	D	0.07%
	PLTR	B	0.07%
	TCOM	A	0.07%
	AON	A	0.07%
	VRTX	D	0.07%
	STT	C	0.07%
	FE	B	0.07%
	VGR	B	0.07%
	DOW	B	0.07%
	CRWD	D	0.07%
	SO	A	0.07%
	UMC	D	0.07%
	MU	D	0.07%
	TSN	D	0.07%
	LYG	C	0.06%
	TMUS	A	0.06%
	EQR	C	0.06%
	WIT	C	0.06%
	MDLZ	C	0.06%
	GIS	C	0.06%
	BAX	D	0.06%
	DEA	D	0.06%
	FTV	B	0.06%
	JNPR	B	0.06%
	CDNS	D	0.06%
	MRO	D	0.06%
	PKX	D	0.06%
	CARR	A	0.06%
	NMR	F	0.05%
	VLTO	A	0.05%
	HAL	F	0.05%
	GOOD	A	0.05%
	BEN	F	0.05%
	TTD	C	0.05%
	FCX	B	0.05%
	FOXA	A	0.05%
	OXY	F	0.05%
	DOC	C	0.05%
	GEV	B	0.05%
	E	B	0.05%
	KLAC	B	0.05%
	MOD	B	0.05%
	PSX	D	0.05%
	CAG	D	0.05%
	BX	C	0.05%
	VRT	B	0.05%
	MFG	D	0.05%
	ITUB	C	0.05%
	LNTH	C	0.04%
	LW	D	0.04%
	YUMC	B	0.04%
	COIN	F	0.04%
	TPR	B	0.04%
	KB	D	0.04%
	SE	B	0.04%
	ALLE	A	0.04%
	AXON	A	0.04%
	TMDX	D	0.04%
	FI	A	0.04%
	MRVL	C	0.04%
	LVS	B	0.04%
	ABNB	D	0.04%
	SNPS	F	0.04%
	OTIS	A	0.04%
	NEM	C	0.04%
	DLTR	F	0.04%
	EQIX	B	0.04%
	SYF	B	0.04%
	SQ	D	0.03%
	IFF	C	0.03%
	LNW	F	0.03%
	SHG	C	0.03%
	AXNX	A	0.03%
	MSTR	B	0.03%
	KMI	A	0.03%
	APP	A	0.03%
	HOV	D	0.03%
	NU	D	0.03%
	RCL	C	0.03%
	NET	D	0.03%
	TAC	A	0.03%
	HCA	B	0.03%
	DASH	B	0.03%
	TBBK	C	0.03%
	BRSP	D	0.03%
	SNOW	F	0.03%
	PBR	D	0.03%
	BBD	B	0.03%
	HMC	D	0.03%
	MPWR	B	0.03%
	AA	B	0.03%
	LDOS	A	0.03%
	SHW	B	0.03%
	DX	C	0.03%
	BIDU	B	0.03%
	KVUE	C	0.03%
	VEEV	C	0.02%
	BLDR	B	0.02%
	NUE	D	0.02%
	TDG	A	0.02%
	ACEL	C	0.02%
	PINS	D	0.02%
	GRBK	B	0.02%
	GGB	B	0.02%
	RBLX	C	0.02%
	HUBS	D	0.02%
	MCO	D	0.02%
	TTGT	F	0.02%
	ZM	C	0.02%
	PARA	F	0.02%
	DYN	D	0.02%
	AIV	C	0.02%
	AZEK	B	0.02%
	LULU	D	0.02%
	ZS	F	0.02%
	SKY	B	0.02%
	AHH	F	0.02%
	CHCT	F	0.02%
	TEAM	D	0.02%
	CFG	D	0.02%
	WBD	D	0.02%
	MDB	F	0.02%
	URI	C	0.02%
	MOS	D	0.02%
	ABEV	B	0.02%
	CHX	D	0.02%
	FSLR	C	0.02%
	DKNG	D	0.02%
	DELL	C	0.02%
	CF	A	0.02%
	FICO	A	0.02%
	QTWO	C	0.02%
	WTTR	D	0.02%
	ADMA	C	0.02%
	GOLD	C	0.02%
	SMCI	F	0.02%
	CVNA	A	0.02%
	HIMS	B	0.02%
	ITCI	D	0.02%
	WDAY	D	0.02%
	BKR	B	0.02%
	IIPR	C	0.02%
	FTNT	A	0.02%
	FTI	B	0.02%
	MT	B	0.02%
	MRNA	F	0.02%
	DDOG	D	0.02%
	LI	C	0.02%
	GEHC	C	0.02%
	VERV	F	0.01%
	DT	C	0.01%
	VMEO	C	0.01%
	FATE	F	0.01%
	RLAY	F	0.01%
	EDIT	F	0.01%
	NR	F	0.01%
	M	F	0.01%
	WSR	C	0.01%
	SQM	D	0.01%
	LAZR	F	0.01%
	CMPR	F	0.01%
	JBI	F	0.01%
	VICR	C	0.01%
	CCO	D	0.01%
	LASR	F	0.01%
	GTLB	D	0.01%
	BZ	B	0.01%
	CHPT	F	0.01%
	USLM	C	0.01%
	ACMR	D	0.01%
	FLNC	C	0.01%
	JELD	D	0.01%
	PIXY	F	0.01%
	OGN	F	0.01%
	CDE	C	0.01%
	DXC	D	0.01%
	QS	F	0.01%
	AUPH	C	0.01%
	GATO	C	0.01%
	PTEN	F	0.01%
	CCB	C	0.01%
	PACB	F	0.01%
	KOP	F	0.01%
	ITRI	C	0.01%
	VKTX	C	0.01%
	COHR	B	0.01%
	OPEN	F	0.01%
	LCID	D	0.01%
	IDXX	D	0.01%
	PACK	F	0.01%
	NOV	F	0.01%
	LIND	D	0.01%
	GNRC	B	0.01%
	BTU	B	0.01%
	PNR	C	0.01%
	KYMR	D	0.01%
	BLFS	D	0.01%
	TGI	F	0.01%
	EXPI	C	0.01%
	IMVT	F	0.01%
	DLR	C	0.01%
	BCRX	D	0.01%
	EVH	D	0.01%
	KD	F	0.01%
	FBK	D	0.01%
	FRO	D	0.01%
	RLX	D	0.01%
	BOOT	A	0.01%
	SLP	F	0.01%
	AMSC	C	0.01%
	SMAR	A	0.01%
	MCB	B	0.01%
	JKS	B	0.01%
	DOCS	A	0.01%
	PCH	C	0.01%
	ALEX	D	0.01%
	XPO	F	0.01%
	PAY	D	0.01%
	IDYA	F	0.01%
	ASPN	D	0.01%
	UPST	C	0.01%
	PEN	D	0.01%
	MDGL	F	0.01%
	BLBD	D	0.01%
	PHI	B	0.01%
	ULH	C	0.01%
	RUN	D	0.01%
	W	D	0.01%
	RCUS	F	0.01%
	CLSK	F	0.01%
	CELH	F	0.01%
	CENX	B	0.01%
	YETI	B	0.01%
	MGNI	D	0.01%
	PRTA	F	0.01%
	CASH	D	0.01%
	OMI	F	0.01%
	DQ	B	0.01%
	NXPI	F	0.01%
	OSW	C	0.01%
	PTCT	C	0.01%
	SRPT	F	0.01%
	BBWI	F	0.01%
	EFC	D	0.01%
	CLNE	C	0.01%
	PTON	C	0.01%
	PNTG	C	0.01%
	TTI	D	0.01%
	MCRI	B	0.01%
	ALGN	D	0.01%
	AGNC	C	0.01%
	LUMN	C	0.01%
	U	D	0.01%
	BGNE	B	0.01%
	CYH	C	0.01%
	GSAT	F	0.01%
	LWLG	F	0.01%
	CLDX	F	0.01%
	DOCU	B	0.01%
	RNA	B	0.01%
	INMD	F	0.01%
	CZR	B	0.01%
	VSTO	D	0.01%
	COLL	B	0.01%
	HASI	C	0.01%
	ADSK	B	0.01%
	TWLO	B	0.01%
	RVLV	C	0.01%
	PHR	F	0.01%
	NBR	F	0.01%
	LOB	C	0.01%
	ALNY	C	0.01%
	FUTU	B	0.01%
	AAON	A	0.01%
	MARA	F	0.01%
	SOFI	C	0.01%
	FOUR	B	0.01%
	Z	C	0.01%
	TREX	D	0.01%
	BZH	C	0.01%
	INTA	C	0.01%
	SEMR	C	0.01%
	DH	F	0.01%
	CPRX	C	0.01%
	SQ	D	0.01%
	MNDY	C	0.01%
	OKTA	F	0.01%
	EXPE	B	0.01%
	AUR	C	0.01%
	ALB	D	0.01%
	SDGR	F	0.01%
	RDNT	C	0.01%
	MRC	D	0.01%
	ROKU	C	0.01%
	BHF	F	0.01%
	GME	F	0.01%
	CLDT	D	0.01%
	CLBT	C	0.01%
	LBRDK	B	0.01%
	THR	F	0.01%
	HSTM	B	0.01%
	MBIN	D	0.01%
	CROX	C	0.01%
	GMS	C	0.01%
	AES	B	0.01%
	ARWR	F	0.01%
	ENS	D	0.01%
	EXAS	C	0.01%
	PBF	F	0.01%
	TWST	D	0.01%
	TDOC	D	0.01%
	SID	D	0.01%
	RDFN	C	0.01%
	FIS	C	0.01%
	APA	F	0.01%
	EPAM	F	0.01%
	AKRO	C	0.01%
	AKO.A	D	0.01%
	CCS	C	0.01%
	TME	B	0.01%
	FLNG	C	0.01%
	VNT	F	0.01%
	RKLB	B	0.01%
	DVAX	D	0.01%
	ERJ	C	0.01%
	TOST	C	0.01%
	RIVN	F	0.01%
	SCCO	B	0.01%
	VERX	A	0.01%
	NWSA	D	0.01%
	GERN	D	0.01%
	SNAP	D	0.01%
	TREE	C	0.01%
	POWL	A	0.01%
	XPEV	C	0.01%
	ILMN	B	0.01%
	ZETA	B	0.01%
	VTRS	D	0.01%
	MATX	C	0.01%
	KEX	C	0.01%
	KOS	F	0.01%
	ORA	C	0.01%
	BBIO	F	0.01%
	PLAY	D	0.01%
	IMXI	F	0.01%
	BEKE	B	0.01%
	APH	D	0.01%
	TGTX	C	0.01%
	MHO	C	0.01%
	ABR	C	0.01%
	MTDR	F	0.01%
	CNH	B	0.01%
	DDD	D	0.01%
	COMP	C	0.01%
	RYTM	C	0.01%
	AFRM	C	0.01%
	SOLV	C	0.01%
	KSS	D	0.01%
	PLMR	C	0.01%
	NIO	B	0.01%
	EPRT	C	0.01%
	ENPH	D	0.01%
	DVN	F	0.01%
	VIPS	B	0.01%
	GMRE	C	0.01%
	ALLY	F	0.01%
	TEVA	D	0.01%
	AGYS	D	0.01%
	INSP	B	0.01%
	ON	F	0.01%
	WBA	F	0.01%
	TAL	B	0.01%
	DXCM	F	0.01%
	ICE	A	0.01%
	OII	D	0.01%
	CCL	C	0.01%
	KRYS	D	0.0%
	XPEV	C	0.0%
	LI	C	0.0%
	SMWB	C	0.0%
	SCLX	F	0.0%
	JOBY	D	0.0%
	JAMF	F	0.0%
	OEC	F	0.0%
	AGL	F	0.0%
	MP	B	0.0%
	TH	F	0.0%
	BMBL	F	0.0%
	FLWS	F	0.0%
	CRCT	C	0.0%
	CGEM	F	0.0%
	DAN	D	0.0%
	FNA	F	0.0%
	WOLF	F	0.0%
	OVV	F	0.0%
	ZEUS	F	0.0%
	BOC	D	0.0%
	MLCO	B	0.0%
	SNCY	D	0.0%
	TPB	A	0.0%
	DENN	D	0.0%
	SPRY	B	0.0%
	KE	F	0.0%
	MLNK	F	0.0%
	SHEN	F	0.0%
	PKST	D	0.0%
	ASTH	A	0.0%
	PRVA	F	0.0%
	HDSN	D	0.0%
	LGIH	C	0.0%
	KRNT	B	0.0%
	LSCC	D	0.0%
	MXL	F	0.0%
	MNSO	D	0.0%
	OLO	F	0.0%
	FLGT	F	0.0%
	EYE	F	0.0%
	TMCI	F	0.0%
	SAGE	F	0.0%
	DJT	F	0.0%
	PUMP	F	0.0%
	ORLA	C	0.0%
	VIR	F	0.0%
	CEVA	B	0.0%
	PD	F	0.0%
	CTKB	F	0.0%
	FSBC	D	0.0%
	MGPI	D	0.0%
	ITOS	F	0.0%
	CHRD	F	0.0%
	PFC	D	0.0%
	GRPN	F	0.0%
	PARR	F	0.0%
	REPL	B	0.0%
	FIGS	B	0.0%
	OLPX	B	0.0%
	MRVI	D	0.0%
	RGNX	F	0.0%
	SEDG	F	0.0%
	IRTC	F	0.0%
	APTV	D	0.0%
	CRSR	D	0.0%
	RENB	F	0.0%
	GOGO	F	0.0%
	ZUO	F	0.0%
	BVN	D	0.0%
	XPOF	F	0.0%
	MDXG	F	0.0%
	HAE	D	0.0%
	HE	F	0.0%
	ATEC	F	0.0%
	KRUS	D	0.0%
	ETNB	F	0.0%
	CNDT	B	0.0%
	NABL	F	0.0%
	SWBI	F	0.0%
	HOG	D	0.0%
	ICHR	D	0.0%
	ELVN	B	0.0%
	CAR	D	0.0%
	BROS	F	0.0%
	MAT	D	0.0%
	GDS	B	0.0%
	HUMA	D	0.0%
	MAX	C	0.0%
	NCNO	F	0.0%
	RIG	F	0.0%
	LPRO	D	0.0%
	LYEL	F	0.0%
	APPN	B	0.0%
	SAVA	C	0.0%
	CECO	D	0.0%
	QFIN	A	0.0%
	CXM	F	0.0%
	APLS	F	0.0%
	SGRY	C	0.0%
	OLMA	F	0.0%
	LAND	D	0.0%
	CEIX	B	0.0%
	CUBI	F	0.0%
	MBAVU	D	0.0%
	COTY	F	0.0%
	DNOW	F	0.0%
	IBP	B	0.0%
	LMND	F	0.0%
	PDFS	F	0.0%
	HURN	D	0.0%
	SM	F	0.0%
	THO	B	0.0%
	XHR	B	0.0%
	NARI	F	0.0%
	THRM	F	0.0%
	SVC	F	0.0%
	NEXT	F	0.0%
	TLRY	F	0.0%
	NMIH	C	0.0%
	LESL	F	0.0%
	QTRX	F	0.0%
	ULCC	D	0.0%
	PUBM	F	0.0%
	ATEN	B	0.0%
	IDT	C	0.0%
	CALX	C	0.0%
	PRO	F	0.0%
	DGII	B	0.0%
	SHLS	F	0.0%
	RXST	F	0.0%
	SHC	C	0.0%
	GKOS	B	0.0%
	ENIC	D	0.0%
	ADUS	D	0.0%
	TASK	F	0.0%
	ESTA	D	0.0%
	GH	F	0.0%
	LILAK	D	0.0%
	UVV	D	0.0%
	HAYN	B	0.0%
	AOSL	D	0.0%
	ATRO	D	0.0%
	KRNY	C	0.0%
	EB	F	0.0%
	CLF	D	0.0%
	XPRO	F	0.0%
	S	C	0.0%
	MQ	F	0.0%
	SIBN	F	0.0%
	UCTT	D	0.0%
	MERC	D	0.0%
	CHEF	C	0.0%
	DBI	F	0.0%
	SOUN	F	0.0%
	YMAB	C	0.0%
	PENN	D	0.0%
	CFLT	F	0.0%
	HRI	C	0.0%
	FVRR	D	0.0%
	HAYW	B	0.0%
	FDMT	F	0.0%
	ARLO	F	0.0%
	SABR	B	0.0%
	AMRC	C	0.0%
	ALHC	B	0.0%
	FIVN	F	0.0%
	IOVA	F	0.0%
	TITN	F	0.0%
	VNET	B	0.0%
	RRC	D	0.0%
	ARQT	D	0.0%
	MNTK	D	0.0%
	FIZZ	D	0.0%
	EGBN	B	0.0%
	SITM	B	0.0%
	EYPT	F	0.0%
	GLBE	C	0.0%
	IAS	F	0.0%
	VCYT	C	0.0%
	ENVA	D	0.0%
	YOU	C	0.0%
	SKE	C	0.0%
	ORIC	D	0.0%
	BHB	D	0.0%
	NVCR	F	0.0%
	EMBC	D	0.0%
	STAA	D	0.0%
	AR	B	0.0%
	NNDM	D	0.0%
	FRSH	F	0.0%
	METC	D	0.0%
	CYTK	F	0.0%
	DHI	C	0.0%
	VSCO	C	0.0%
	NVRI	D	0.0%
	VZIO	A	0.0%
	NEOG	D	0.0%
	CYRX	F	0.0%
	IIIV	F	0.0%
	WGO	D	0.0%
	STOK	D	0.0%
	HL	C	0.0%
	ZI	F	0.0%
	AMRK	B	0.0%
	YY	C	0.0%
	MTW	F	0.0%
	BIGC	F	0.0%
	OSPN	D	0.0%
	BRBR	C	0.0%
	SIGA	F	0.0%
	HTHT	A	0.0%
	AX	D	0.0%
	ARRY	F	0.0%
	ALT	F	0.0%
	ATHM	A	0.0%
	ARDX	D	0.0%
	FSLY	D	0.0%
	GRAB	B	0.0%
	LXRX	F	0.0%
	CDMO	C	0.0%
	AVNS	D	0.0%
	SQSP	A	0.0%
	AMC	F	0.0%
	RVNC	F	0.0%
	GNK	B	0.0%
	NX	F	0.0%
	BEAM	F	0.0%
	BXC	D	0.0%
	LMB	B	0.0%
	NTRA	A	0.0%
	RVMD	B	0.0%
	CRMT	F	0.0%
	PODD	C	0.0%
	JANX	D	0.0%
	FC	C	0.0%
	GXO	D	0.0%
	FROG	F	0.0%
	CNC	F	0.0%
	APPF	C	0.0%
	INDI	F	0.0%
	EWCZ	F	0.0%
	TRUP	D	0.0%
	UNIT	B	0.0%
	CDNA	B	0.0%
	ADNT	D	0.0%
	DIN	D	0.0%
	GDOT	C	0.0%
	QNST	B	0.0%
	PCVX	B	0.0%
	CCBG	D	0.0%
	UEC	B	0.0%
	IAG	C	0.0%
	YEXT	B	0.0%
	MEG	F	0.0%
	BRZE	F	0.0%
	SMR	B	0.0%
	WRBY	C	0.0%
	SNDX	F	0.0%
	INN	A	0.0%
	ESTC	F	0.0%
	ACHR	F	0.0%
	AXSM	B	0.0%
	FUBO	F	0.0%
	RKT	C	0.0%
	DHC	B	0.0%
	ATUS	C	0.0%
	ERAS	D	0.0%
	KIM	C	0.0%
	BURL	D	0.0%
	MOMO	B	0.0%
	WOOF	A	0.0%
	NTLA	F	0.0%
	ATKR	F	0.0%
	ELF	F	0.0%
	TNDM	D	0.0%
	DUOL	B	0.0%
	TTWO	F	0.0%
	WULF	C	0.0%
	PL	D	0.0%
	NUVB	F	0.0%
	GDRX	F	0.0%
	LYFT	D	0.0%
	REZI	D	0.0%
	UWMC	D	0.0%
	CSTL	C	0.0%
	SAM	D	0.0%
	XMTR	D	0.0%
	UPWK	D	0.0%
	VVI	B	0.0%
	TUYA	B	0.0%
	TRNS	D	0.0%
	HST	D	0.0%
	TELL	B	0.0%
	RNG	F	0.0%
	SANA	F	0.0%
	PCG	B	0.0%
	KHC	D	0.0%
	DFH	C	0.0%
	CASS	D	0.0%
	PAR	D	0.0%
	AMPS	F	0.0%
	NCLH	C	0.0%
	INSW	B	0.0%
	DCO	A	0.0%
	RXRX	F	0.0%
	PLPC	D	0.0%
	KC	C	0.0%
	MTCH	B	0.0%
	IBUY	A	0.0%
	SPT	F	0.0%
	ETSY	F	0.0%
	VRNS	C	0.0%
	ARVN	F	0.0%
	KLG	D	0.0%
	ALEC	F	0.0%
	PFSI	C	0.0%
	ENFN	C	0.0%
	CLOV	B	0.0%
	IIIN	F	0.0%
	LSPD	B	0.0%
	TXG	F	0.0%
	ARCT	D	0.0%
	MNMD	F	0.0%
	VPG	F	0.0%
	REPX	C	0.0%
	RLJ	D	0.0%
	LEU	A	0.0%
	ACVA	C	0.0%
	NSSC	F	0.0%
	ANF	F	0.0%
	EQT	B	0.0%
	CERT	F	0.0%
	CSGP	F	0.0%
	NUVL	B	0.0%
	TIGR	B	0.0%
	PRG	C	0.0%
	HSII	C	0.0%
	HCP	B	0.0%
	PGC	D	0.0%
	OSCR	C	0.0%
	SPR	D	0.0%
	KEP	D	0.0%
	RAMP	F	0.0%
	ASAN	F	0.0%
	CIG	B	0.0%
	IQ	D	0.0%
	CHGX	B	0.0%
	DOCN	C	0.0%
	RCKT	F	0.0%
	RPAY	F	0.0%
	LC	B	0.0%
	SITE	D	0.0%
	HEES	D	0.0%
	FLYW	F	0.0%
	BLND	C	0.0%
	ACLS	F	0.0%
	PTGX	C	0.0%
	BJRI	D	0.0%
	CIFR	F	0.0%
	DMRC	F	0.0%
	PRCT	C	0.0%
	RGEN	F	0.0%
	CARS	F	0.0%
	GPN	F	0.0%
	CC	D	0.0%
	AMG	B	0.0%
	CIB	D	0.0%
	VRDN	A	0.0%
	NVT	D	0.0%
	WRLD	D	0.0%
	EXTR	C	0.0%
	PATH	D	0.0%
	EVRI	A	0.0%
	PETQ	A	0.0%
	BASE	F	0.0%
	CTLP	B	0.0%
	HUYA	B	0.0%
	VITL	B	0.0%
	NVAX	C	0.0%
	NEO	F	0.0%
	BYND	D	0.0%
	EA	D	0.0%
	SONO	D	0.0%
	WIX	D	0.0%
	DRH	C	0.0%
	PLAB	D	0.0%
	BE	F	0.0%
	ROCK	D	0.0%
	ZLAB	B	0.0%
	NPAB	D	0.0%
	WEAV	B	0.0%
	AI	F	0.0%
	PHAT	C	0.0%
	NRIX	D	0.0%
	ALLO	F	0.0%
	PLUG	D	0.0%
	ODFL	D	0.0%
	PCT	C	0.0%
	REG	C	0.0%
	SRRK	F	0.0%
	BILL	D	0.0%
	ALKT	D	0.0%
	GDYN	B	0.0%
	MITK	F	0.0%
	AAOI	D	0.0%
	BILI	B	0.0%
	ENVX	D	0.0%
	RIOT	F	0.0%
	NOVA	D	0.0%
	ELAN	D	0.0%
	AMR	F	0.0%
	KREF	C	0.0%
	LEGH	C	0.0%
	APLD	B	0.0%

SPGM Underweight 4 Positions Relative to IQDE

	Symbol	Grade	Weight
	BCH	D	-0.23%
	AGCO	D	-0.21%
	SKM	C	-0.21%
	OTEX	D	-0.17%

SPGM: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Information Technology Services Medical Devices Semiconductors Diagnostics & Research Oil & Gas E&P Internet Content & Information Specialty Retail Aerospace & Defense Credit Services Banks - Regional - US Diversified Industrials Telecom Services Oil & Gas Equipment & Services Auto Manufacturers Capital Markets Medical Instruments & Supplies Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Medicine Biopharmaceutical Natural Gas Biotechnology Banking Bank Cancer Telecommunications Cloud Computing Life Sciences Electricity Mining Semiconductor Real Estate Investment Trust Transport Dow Jones Component E Commerce

IQDE: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Latin America Drug Manufacturers - Major Farm & Construction Equipment Household & Personal Products Industrial Metals & Minerals Railroads Software - Application Specialty Retail Telecom Services

Keywords: Bank Financial Products Investment Banking Banking Investment Banking Services Banking Solutions Cash Management Cash Management Services Commercial Banking Factoring Fax Insurance Products Online Shopping Project Finance Transmission Services Active Pharmaceutical Ingredients Advertising Inventory Advertising Services Advisory Services Agricultural Equipment