SPGM vs. IUSG ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to iShares Core U.S. Growth ETF (IUSG)

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

IUSG

iShares Core U.S. Growth ETF

IUSG Description

The investment seeks to track the investment results of a broad-based index composed of U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell 3000 Growth Index (the "underlying index"), which measures the performance of the growth sector of the broad U.S. equity market.

Grade (RS Rating)

Last Trade

$131.01

Average Daily Volume

376,432

Number of Holdings ^*

482

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	IUSG
30 Days	2.55%	1.64%
60 Days	4.08%	3.16%
90 Days	5.39%	2.90%
12 Months	26.14%	36.07%

191 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in IUSG	Overlap
AAON	B	0.01%	0.02%	0.01%
AAPL	C	3.84%	11.42%	3.84%
ABBV	C	0.19%	0.45%	0.19%
ABBV	C	0.44%	0.45%	0.44%
ABNB	D	0.04%	0.09%	0.04%
ACN	C	0.29%	0.42%	0.29%
ADBE	F	0.4%	0.86%	0.4%
ADI	C	0.18%	0.23%	0.18%
ADP	B	0.22%	0.16%	0.16%
ADSK	C	0.01%	0.11%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALLE	B	0.04%	0.02%	0.02%
AMAT	D	0.27%	0.56%	0.27%
AMD	D	0.27%	0.88%	0.27%
AMT	C	0.2%	0.16%	0.16%
AMZN	C	2.01%	6.08%	2.01%
ANET	B	0.06%	0.33%	0.06%
ANF	D	0.0%	0.03%	0.0%
AON	B	0.07%	0.14%	0.07%
APA	F	0.01%	0.03%	0.01%
APH	D	0.01%	0.15%	0.01%
APPF	D	0.0%	0.02%	0.0%
ARWR	F	0.01%	0.01%	0.01%
AVGO	C	0.86%	2.6%	0.86%
AXON	B	0.04%	0.1%	0.04%
AXP	B	0.33%	0.37%	0.33%
BA	F	0.11%	0.14%	0.11%
BKNG	C	0.25%	0.48%	0.25%
BLDR	C	0.01%	0.08%	0.01%
BRBR	C	0.0%	0.01%	0.0%
BSX	B	0.14%	0.24%	0.14%
BURL	B	0.0%	0.04%	0.0%
BX	B	0.05%	0.28%	0.05%
CAR	F	0.0%	0.0%	0.0%
CARR	B	0.06%	0.11%	0.06%
CAT	B	0.27%	0.35%	0.27%
CCL	C	0.01%	0.04%	0.01%
CDNS	D	0.06%	0.26%	0.06%
CEG	C	0.11%	0.1%	0.1%
CELH	F	0.01%	0.02%	0.01%
CF	C	0.02%	0.03%	0.02%
CHD	D	0.07%	0.04%	0.04%
CHRD	F	0.0%	0.03%	0.0%
CHTR	D	0.09%	0.06%	0.06%
CHX	F	0.02%	0.01%	0.01%
CL	D	0.15%	0.12%	0.12%
CME	C	0.09%	0.1%	0.09%
CMG	C	0.1%	0.27%	0.1%
COP	D	0.17%	0.3%	0.17%
COST	B	0.58%	0.61%	0.58%
COTY	F	0.0%	0.01%	0.0%
CRM	D	0.39%	0.88%	0.39%
CROX	D	0.01%	0.03%	0.01%
CRWD	D	0.07%	0.21%	0.07%
CSGP	D	0.0%	0.05%	0.0%
CSX	D	0.19%	0.12%	0.12%
CYTK	F	0.0%	0.01%	0.0%
CZR	C	0.01%	0.02%	0.01%
DE	B	0.19%	0.21%	0.19%
DFS	C	0.15%	0.06%	0.06%
DHI	B	0.0%	0.21%	0.0%
DLR	B	0.01%	0.08%	0.01%
DOCS	B	0.01%	0.01%	0.01%
DT	C	0.01%	0.04%	0.01%
DUOL	B	0.0%	0.03%	0.0%
DXCM	F	0.02%	0.06%	0.02%
EA	D	0.0%	0.06%	0.0%
ECL	B	0.15%	0.12%	0.12%
ELF	F	0.0%	0.02%	0.0%
ENPH	D	0.01%	0.02%	0.01%
ENS	D	0.01%	0.01%	0.01%
EOG	D	0.15%	0.16%	0.15%
EPAM	F	0.01%	0.02%	0.01%
EQIX	C	0.05%	0.14%	0.05%
ETN	C	0.2%	0.27%	0.2%
ETSY	F	0.0%	0.01%	0.0%
EXPE	C	0.01%	0.06%	0.01%
FAST	C	0.12%	0.07%	0.07%
FCX	D	0.04%	0.11%	0.04%
FICO	B	0.02%	0.16%	0.02%
FTNT	C	0.02%	0.17%	0.02%
FTV	C	0.06%	0.09%	0.06%
GE	B	0.14%	0.3%	0.14%
GEV	B	0.04%	0.09%	0.04%
GNRC	D	0.01%	0.02%	0.01%
GOOG	D	1.0%	2.76%	1.0%
GOOGL	D	1.0%	3.29%	1.0%
GXO	D	0.0%	0.01%	0.0%
HAE	F	0.0%	0.01%	0.0%
HCA	B	0.03%	0.13%	0.03%
HD	B	0.54%	0.5%	0.5%
HES	F	0.11%	0.13%	0.11%
HST	C	0.0%	0.03%	0.0%
HSY	C	0.14%	0.04%	0.04%
IDXX	C	0.01%	0.08%	0.01%
INTU	C	0.37%	0.65%	0.37%
IR	C	0.12%	0.1%	0.1%
ISRG	B	0.17%	0.41%	0.17%
ITW	C	0.13%	0.11%	0.11%
KEX	C	0.01%	0.01%	0.01%
KLAC	D	0.05%	0.36%	0.05%
KO	C	0.35%	0.38%	0.35%
LIN	B	0.35%	0.42%	0.35%
LLY	C	0.89%	2.63%	0.89%
LNTH	D	0.04%	0.03%	0.03%
LNW	B	0.03%	0.04%	0.03%
LRCX	F	0.07%	0.36%	0.07%
LSCC	D	0.0%	0.02%	0.0%
LULU	D	0.02%	0.11%	0.02%
LVS	D	0.03%	0.03%	0.03%
LW	D	0.04%	0.02%	0.02%
MA	B	0.42%	1.04%	0.42%
MAT	C	0.0%	0.01%	0.0%
MCD	B	0.23%	0.33%	0.23%
MCO	B	0.02%	0.13%	0.02%
MDLZ	B	0.06%	0.15%	0.06%
META	B	1.37%	4.1%	1.37%
MMC	C	0.19%	0.21%	0.19%
MP	D	0.0%	0.0%	0.0%
MPC	F	0.17%	0.11%	0.11%
MPWR	C	0.03%	0.16%	0.03%
MRK	D	0.39%	0.42%	0.39%
MRO	D	0.07%	0.03%	0.03%
MSFT	C	3.54%	11.4%	3.54%
MTDR	F	0.01%	0.02%	0.01%
NCLH	C	0.0%	0.03%	0.0%
NFLX	B	0.32%	1.07%	0.32%
NKE	D	0.2%	0.15%	0.15%
NOW	B	0.14%	0.64%	0.14%
NTAP	D	0.1%	0.03%	0.03%
NUE	F	0.01%	0.08%	0.01%
NVDA	D	3.42%	10.44%	3.42%
NVT	D	0.0%	0.04%	0.0%
NXPI	F	0.01%	0.16%	0.01%
ODFL	D	0.0%	0.12%	0.0%
ON	D	0.01%	0.05%	0.01%
ORCL	C	0.38%	0.92%	0.38%
ORLY	C	0.21%	0.17%	0.17%
OTIS	C	0.04%	0.05%	0.04%
OVV	F	0.0%	0.03%	0.0%
PANW	D	0.1%	0.4%	0.1%
PEN	D	0.01%	0.03%	0.01%
PEP	C	0.3%	0.31%	0.3%
PG	C	0.52%	0.57%	0.52%
PGR	B	0.17%	0.27%	0.17%
PH	B	0.15%	0.21%	0.15%
PM	C	0.21%	0.26%	0.21%
PNR	B	0.01%	0.04%	0.01%
PODD	B	0.0%	0.02%	0.0%
PSA	B	0.25%	0.09%	0.09%
QCOM	D	0.29%	0.35%	0.29%
RCL	B	0.03%	0.14%	0.03%
REGN	C	0.14%	0.26%	0.14%
RGEN	D	0.0%	0.03%	0.0%
ROST	C	0.19%	0.19%	0.19%
RRC	D	0.0%	0.02%	0.0%
SAM	F	0.0%	0.0%	0.0%
SBUX	C	0.21%	0.23%	0.21%
SHC	C	0.0%	0.01%	0.0%
SHW	B	0.03%	0.16%	0.03%
SMCI	F	0.02%	0.08%	0.02%
SNPS	F	0.04%	0.27%	0.04%
SPG	B	0.14%	0.07%	0.07%
SPGI	B	0.25%	0.26%	0.25%
SRPT	D	0.01%	0.03%	0.01%
STX	C	0.07%	0.03%	0.03%
SYK	C	0.2%	0.29%	0.2%
TDG	B	0.02%	0.27%	0.02%
TEL	D	0.16%	0.06%	0.06%
TJX	B	0.36%	0.31%	0.31%
TMO	B	0.47%	0.32%	0.32%
TREX	D	0.01%	0.03%	0.01%
TSLA	C	0.74%	2.28%	0.74%
TT	B	0.17%	0.2%	0.17%
TTWO	C	0.0%	0.04%	0.0%
TXN	C	0.39%	0.24%	0.24%
UBER	C	0.13%	0.54%	0.13%
UNH	C	0.7%	0.74%	0.7%
UNP	C	0.28%	0.24%	0.24%
URI	B	0.02%	0.17%	0.02%
V	C	0.66%	1.06%	0.66%
VNT	F	0.01%	0.02%	0.01%
VRTX	D	0.08%	0.29%	0.08%
WM	D	0.22%	0.13%	0.13%
WMB	B	0.07%	0.08%	0.07%
WOLF	F	0.0%	0.0%	0.0%
XPO	D	0.01%	0.02%	0.01%
YETI	D	0.01%	0.01%	0.01%
YUM	D	0.11%	0.06%	0.06%
ZI	D	0.0%	0.0%	0.0%
ZTS	C	0.1%	0.17%	0.1%

SPGM Overweight 809 Positions Relative to IUSG

Symbol	Grade	Weight
TSM	C	0.94%
JPM	D	0.83%
BRK.A	C	0.73%
XOM	C	0.65%
BAC	D	0.46%
JNJ	C	0.43%
WMT	C	0.4%
ABT	C	0.36%
DHR	B	0.35%
RTX	C	0.34%
WFC	D	0.33%
CSCO	C	0.32%
CVX	D	0.31%
GS	C	0.31%
IBM	B	0.29%
LOW	B	0.29%
NEE	C	0.28%
TM	F	0.27%
PLD	C	0.27%
CB	B	0.27%
LMT	C	0.27%
AFL	C	0.26%
MDT	C	0.25%
AMGN	B	0.25%
NVS	C	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%
PFE	C	0.22%
CMI	C	0.22%
SONY	C	0.22%
T	C	0.21%
MCK	F	0.21%
TRV	C	0.2%
HON	D	0.2%
MET	B	0.19%
BABA	B	0.19%
UL	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%
CMCSA	D	0.17%
NSC	C	0.17%
EMR	D	0.17%
AEP	C	0.17%
ALL	B	0.16%
JCI	B	0.16%
PRU	C	0.15%
VZ	B	0.15%
PNC	B	0.15%
MUFG	D	0.15%
RDY	D	0.14%
GLW	C	0.14%
CVS	D	0.14%
PEG	C	0.14%
SCHW	D	0.14%
CNI	D	0.14%
PYPL	B	0.13%
BMY	C	0.13%
KEYS	C	0.13%
CLX	C	0.13%
TD	B	0.13%
SYY	D	0.13%
CTSH	C	0.13%
USB	B	0.12%
INTC	F	0.12%
COF	B	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%
DUK	C	0.11%
MMM	B	0.11%
MTB	B	0.11%
UPS	D	0.11%
MELI	B	0.11%
VLO	F	0.11%
UMH	C	0.1%
SHOP	C	0.1%
AZN	D	0.1%
CHT	B	0.09%
BIIB	F	0.09%
CI	C	0.09%
MO	C	0.09%
ADM	D	0.09%
SMFG	D	0.08%
SO	B	0.08%
GM	C	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%
EXC	C	0.07%
WDC	D	0.07%
K	B	0.07%
PDD	F	0.07%
SLB	F	0.07%
VALE	D	0.07%
F	F	0.07%
DOW	D	0.07%
STT	B	0.07%
PLTR	B	0.07%
NXRT	C	0.07%
DEO	C	0.07%
APD	B	0.07%
CTVA	B	0.07%
VGR	B	0.07%
FE	C	0.07%
LYG	B	0.06%
ITUB	C	0.06%
HPE	D	0.06%
MFG	D	0.06%
TCOM	C	0.06%
BCS	B	0.06%
TMUS	C	0.06%
PKX	D	0.06%
WIT	C	0.06%
EL	F	0.06%
GIS	B	0.06%
DEA	B	0.06%
BAX	C	0.06%
EQR	B	0.06%
NMR	D	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%
PSX	F	0.05%
CAG	C	0.05%
STLA	F	0.05%
E	C	0.05%
KVUE	C	0.04%
KB	D	0.04%
TMDX	D	0.04%
DLTR	F	0.04%
NEM	B	0.04%
SYF	C	0.04%
MOD	A	0.04%
SQ	D	0.03%
TAC	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%
YUMC	D	0.03%
MRNA	F	0.03%
BRSP	D	0.03%
HMC	D	0.03%
SNOW	F	0.03%
COIN	F	0.03%
PBR	D	0.03%
LDOS	B	0.03%
SE	B	0.03%
TPR	C	0.03%
BBD	C	0.03%
DX	B	0.03%
DVN	F	0.02%
INSP	C	0.02%
TEVA	C	0.02%
ICE	C	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%
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%
AIV	B	0.02%
CHCT	F	0.02%
CVNA	B	0.02%
LI	D	0.02%
MOS	F	0.02%
CFG	C	0.02%
DELL	D	0.02%
MSTR	D	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%
MT	D	0.02%
AHH	C	0.02%
APP	C	0.02%
BABA	B	0.02%
WTTR	D	0.02%
BKR	C	0.02%
GOLD	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%
SHG	C	0.02%
WDAY	D	0.02%
LEGH	B	0.01%
SQM	D	0.01%
NRIX	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%
RLAY	D	0.01%
PACB	D	0.01%
JKS	D	0.01%
KYMR	C	0.01%
QS	F	0.01%
KOP	F	0.01%
DXC	C	0.01%
FATE	F	0.01%
BOOT	A	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%
FRO	D	0.01%
VERV	F	0.01%
FBK	B	0.01%
AMSC	D	0.01%
U	D	0.01%
KD	D	0.01%
RLX	F	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%
ALEX	B	0.01%
AUR	C	0.01%
BLBD	D	0.01%
MGNI	D	0.01%
PAY	D	0.01%
OSW	C	0.01%
LBRDK	F	0.01%
CLNE	C	0.01%
PTON	C	0.01%
LWLG	F	0.01%
CASH	B	0.01%
DOCU	C	0.01%
CYH	B	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%
IDYA	F	0.01%
SOFI	C	0.01%
GSAT	F	0.01%
RCUS	C	0.01%
INMD	D	0.01%
BZH	B	0.01%
SQ	D	0.01%
ALNY	C	0.01%
HASI	C	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%
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%
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%
SDGR	D	0.01%
FLNG	C	0.01%
CLDX	C	0.01%
FIS	B	0.01%
TAL	F	0.01%
ZETA	C	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%
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%
TGTX	C	0.01%
COMP	C	0.01%
RYTM	B	0.01%
NIO	C	0.01%
KSS	F	0.01%
AFRM	C	0.01%
EPRT	B	0.01%
PLMR	C	0.01%
RIVN	F	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%
WBA	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%
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%
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%
KE	F	0.0%
SNCY	D	0.0%
ASTH	B	0.0%
FNA	F	0.0%
SHEN	F	0.0%
LGIH	C	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%
ORLA	C	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%
KRUS	C	0.0%
LYEL	D	0.0%
GRPN	F	0.0%
MRVI	C	0.0%
RENB	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%
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%
MBAVU	C	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%
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%
TLRY	F	0.0%
ESTA	D	0.0%
IDT	C	0.0%
DBI	F	0.0%
DGII	D	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%
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%
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%
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%
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%
LXRX	F	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%
DHC	B	0.0%
FDMT	F	0.0%
IAG	C	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%
LSPD	D	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%
PLPC	D	0.0%
KIM	C	0.0%
ENFN	D	0.0%
RVNC	D	0.0%
TNDM	C	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%
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%
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%
CHGX	B	0.0%
CIG	B	0.0%
ASAN	F	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%
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%
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%
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%
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%
PIXY	F	0.0%
KREF	B	0.0%
ALLO	D	0.0%
SRRK	F	0.0%
GDYN	C	0.0%
COHR	C	0.0%

SPGM Underweight 292 Positions Relative to IUSG

Symbol	Grade	Weight
KKR	B	-0.29%
MAR	C	-0.2%
FI	A	-0.19%
HLT	B	-0.19%
CPRT	D	-0.16%
ACGL	C	-0.15%
MSI	B	-0.15%
CTAS	B	-0.14%
IT	B	-0.14%
PCAR	D	-0.13%
AZO	D	-0.13%
GWW	B	-0.12%
TRGP	B	-0.12%
OKE	B	-0.12%
AJG	D	-0.12%
NVR	B	-0.11%
FANG	D	-0.11%
PWR	B	-0.1%
VST	C	-0.1%
PHM	B	-0.1%
DECK	C	-0.09%
TYL	C	-0.09%
MCHP	F	-0.09%
ROP	C	-0.09%
MSCI	C	-0.09%
LEN	B	-0.09%
MLM	D	-0.08%
VRSK	D	-0.08%
HWM	B	-0.08%
GDDY	C	-0.08%
CPAY	B	-0.08%
MNST	D	-0.08%
WST	D	-0.08%
AMP	A	-0.08%
RSG	D	-0.08%
EME	B	-0.07%
WSM	D	-0.07%
AME	C	-0.07%
LII	B	-0.07%
BRO	C	-0.07%
CSL	B	-0.07%
VMC	D	-0.07%
TOL	B	-0.06%
ANSS	D	-0.06%
RS	D	-0.06%
MANH	B	-0.06%
DAL	C	-0.06%
IQV	C	-0.06%
PAYX	C	-0.06%
IRM	C	-0.06%
TSCO	C	-0.05%
STE	C	-0.05%
GGG	C	-0.05%
LYV	B	-0.05%
CASY	D	-0.05%
CBOE	C	-0.05%
BR	D	-0.05%
ROK	D	-0.05%
OC	D	-0.05%
GRMN	D	-0.05%
EFX	B	-0.05%
PSTG	F	-0.05%
WSO	C	-0.05%
EW	F	-0.05%
ONTO	D	-0.04%
MUSA	D	-0.04%
WMS	D	-0.04%
WWD	D	-0.04%
HUBB	B	-0.04%
DRI	B	-0.04%
TPL	B	-0.04%
LECO	F	-0.04%
KNSL	C	-0.04%
STLD	F	-0.04%
SBAC	C	-0.04%
TXRH	C	-0.04%
CTRA	F	-0.04%
ITT	B	-0.04%
MTD	D	-0.04%
WING	B	-0.04%
SAIA	D	-0.04%
ULTA	D	-0.04%
FND	C	-0.04%
NBIX	F	-0.04%
CLH	A	-0.04%
BLD	D	-0.04%
PTC	D	-0.04%
TTEK	C	-0.04%
MOH	D	-0.04%
CE	F	-0.04%
CDW	D	-0.04%
FIX	B	-0.04%
AKAM	D	-0.03%
PLNT	B	-0.03%
WAT	C	-0.03%
ACHC	C	-0.03%
WYNN	D	-0.03%
CR	C	-0.03%
UFPI	C	-0.03%
RNR	C	-0.03%
ERIE	B	-0.03%
VRSN	D	-0.03%
EXEL	C	-0.03%
FCN	D	-0.03%
AVTR	B	-0.03%
AXTA	B	-0.03%
SSD	D	-0.03%
CW	B	-0.03%
AMH	C	-0.03%
POOL	C	-0.03%
HALO	C	-0.03%
AIT	A	-0.03%
HLI	B	-0.03%
MORN	C	-0.03%
FDS	C	-0.03%
IBKR	B	-0.03%
MEDP	F	-0.03%
RBC	C	-0.03%
WEX	C	-0.03%
RPM	B	-0.03%
PRI	B	-0.03%
TPX	C	-0.03%
SKX	D	-0.03%
HRB	C	-0.03%
NYT	C	-0.03%
BWXT	D	-0.03%
BMRN	F	-0.03%
ELS	C	-0.03%
OLED	C	-0.03%
COO	B	-0.03%
CHDN	C	-0.03%
EXP	B	-0.03%
MAS	B	-0.03%
FBIN	B	-0.02%
EHC	C	-0.02%
BYD	C	-0.02%
SFM	B	-0.02%
WH	B	-0.02%
GNTX	F	-0.02%
LFUS	C	-0.02%
FCFS	C	-0.02%
WLK	D	-0.02%
RMBS	F	-0.02%
LSTR	D	-0.02%
DVA	B	-0.02%
MTN	D	-0.02%
QLYS	F	-0.02%
NXT	F	-0.02%
DTM	B	-0.02%
WTRG	D	-0.02%
GTLS	F	-0.02%
DCI	C	-0.02%
RGLD	C	-0.02%
CIVI	F	-0.02%
ALTR	D	-0.02%
BCO	B	-0.02%
DAY	D	-0.02%
CCK	A	-0.02%
CHE	C	-0.02%
VVV	D	-0.02%
WTS	C	-0.02%
FIVE	D	-0.02%
EGP	B	-0.02%
DPZ	F	-0.02%
ESAB	C	-0.02%
EVR	A	-0.02%
DBX	D	-0.02%
ATR	B	-0.02%
GLPI	C	-0.02%
ACM	B	-0.02%
SCI	B	-0.02%
OLLI	C	-0.02%
COKE	C	-0.02%
EWBC	D	-0.02%
ROL	C	-0.02%
MGM	F	-0.02%
AOS	D	-0.02%
EXPD	C	-0.02%
H	C	-0.02%
CUBE	C	-0.02%
WFRD	F	-0.02%
RYAN	D	-0.02%
MSA	D	-0.02%
LAMR	B	-0.02%
SNA	C	-0.02%
DKS	D	-0.02%
UTHR	C	-0.02%
PCTY	C	-0.02%
SWN	D	-0.02%
JBL	D	-0.02%
PR	F	-0.02%
IBOC	D	-0.01%
ALTM	F	-0.01%
CHH	C	-0.01%
NSP	F	-0.01%
NSA	B	-0.01%
WEN	C	-0.01%
HGV	F	-0.01%
RYN	C	-0.01%
AZTA	F	-0.01%
IRDM	D	-0.01%
POWI	F	-0.01%
LANC	D	-0.01%
GATX	D	-0.01%
FFIN	B	-0.01%
SLM	D	-0.01%
TEX	F	-0.01%
PGNY	F	-0.01%
TKR	D	-0.01%
MSM	D	-0.01%
IDA	C	-0.01%
EQH	C	-0.01%
HWC	D	-0.01%
CPRI	D	-0.01%
TNL	D	-0.01%
MUR	F	-0.01%
OLN	D	-0.01%
BLKB	C	-0.01%
RH	B	-0.01%
EPR	B	-0.01%
OZK	D	-0.01%
DLB	F	-0.01%
ROIV	C	-0.01%
HXL	F	-0.01%
EEFT	D	-0.01%
SAIC	C	-0.01%
MTG	B	-0.01%
FLS	D	-0.01%
EXPO	B	-0.01%
TDC	F	-0.01%
JAZZ	D	-0.01%
AM	C	-0.01%
CGNX	F	-0.01%
CFR	C	-0.01%
PK	D	-0.01%
TKO	B	-0.01%
PNFP	B	-0.01%
CBSH	C	-0.01%
SIGI	D	-0.01%
MASI	F	-0.01%
OPCH	C	-0.01%
WMG	D	-0.01%
VOYA	B	-0.01%
AZPN	B	-0.01%
INGR	B	-0.01%
NNN	C	-0.01%
KBH	A	-0.01%
SEIC	C	-0.01%
BC	C	-0.01%
KNF	B	-0.01%
VAL	F	-0.01%
CIEN	C	-0.01%
HQY	C	-0.01%
EXLS	B	-0.01%
MKSI	F	-0.01%
MTSI	D	-0.01%
SLAB	D	-0.01%
FR	B	-0.01%
NOVT	D	-0.01%
PAYC	D	-0.01%
MIDD	D	-0.01%
STAG	C	-0.01%
BRKR	D	-0.01%
BRX	B	-0.01%
KBR	D	-0.01%
AYI	B	-0.01%
CVLT	B	-0.01%
CBT	B	-0.01%
NEU	D	-0.01%
CNM	F	-0.01%
RL	C	-0.01%
MMS	C	-0.01%
CACI	B	-0.01%
RLI	B	-0.01%
CNX	B	-0.01%
ALV	F	-0.01%
OHI	B	-0.01%
CRUS	D	-0.01%
LPX	B	-0.01%
LOPE	D	-0.01%
TTC	D	-0.01%
CG	D	-0.01%
REXR	C	-0.01%
ALGM	F	-0.0%
IPGP	F	-0.0%
LIVN	D	-0.0%
SMG	C	-0.0%
VC	F	-0.0%
SYNA	F	-0.0%
CDP	B	-0.0%
AMED	C	-0.0%
COLM	C	-0.0%