SPGM vs. IWL ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to iShares Russell Top 200 ETF (IWL)

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

IWL

iShares Russell Top 200 ETF

IWL Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities. 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 Top 200Â® Index (the "underlying index"), which is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$145.86

Average Daily Volume

52,339

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	IWL
30 Days	1.43%	2.93%
60 Days	1.86%	4.56%
90 Days	3.02%	6.33%
12 Months	25.48%	33.26%

179 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in IWL	Overlap
AAPL	C	3.74%	7.79%	3.74%
ABBV	D	0.36%	0.7%	0.36%
ABBV	D	0.19%	0.7%	0.19%
ABNB	C	0.04%	0.14%	0.04%
ABT	B	0.34%	0.48%	0.34%
ACN	C	0.28%	0.53%	0.28%
ADBE	C	0.34%	0.53%	0.34%
ADI	D	0.16%	0.24%	0.16%
ADP	B	0.23%	0.29%	0.23%
ADSK	A	0.01%	0.15%	0.01%
AEP	D	0.16%	0.12%	0.12%
AMAT	F	0.24%	0.33%	0.24%
AMD	F	0.23%	0.52%	0.23%
AMGN	D	0.21%	0.36%	0.21%
AMT	D	0.16%	0.22%	0.16%
AMZN	C	2.13%	4.48%	2.13%
ANET	C	0.07%	0.23%	0.07%
AON	A	0.08%	0.18%	0.08%
APD	A	0.08%	0.17%	0.08%
APH	A	0.01%	0.2%	0.01%
AVGO	D	0.87%	1.78%	0.87%
AXP	A	0.36%	0.38%	0.36%
BA	F	0.1%	0.23%	0.1%
BAC	A	0.53%	0.76%	0.53%
BDX	F	0.16%	0.16%	0.16%
BKNG	A	0.31%	0.4%	0.31%
BLK	C	0.09%	0.37%	0.09%
BMY	B	0.14%	0.27%	0.14%
BRK.A	B	0.73%	2.05%	0.73%
BSX	B	0.14%	0.3%	0.14%
BX	A	0.06%	0.31%	0.06%
C	A	0.26%	0.31%	0.26%
CARR	D	0.06%	0.15%	0.06%
CAT	B	0.3%	0.45%	0.3%
CB	C	0.27%	0.28%	0.27%
CDNS	B	0.07%	0.19%	0.07%
CEG	D	0.12%	0.17%	0.12%
CI	F	0.08%	0.21%	0.08%
CL	D	0.13%	0.18%	0.13%
CMCSA	B	0.18%	0.39%	0.18%
CME	A	0.09%	0.19%	0.09%
CMG	B	0.11%	0.19%	0.11%
COF	B	0.15%	0.17%	0.15%
COP	C	0.18%	0.31%	0.18%
COST	B	0.56%	0.96%	0.56%
CRM	B	0.49%	0.73%	0.49%
CRWD	B	0.09%	0.18%	0.09%
CSCO	B	0.36%	0.55%	0.36%
CSX	B	0.19%	0.16%	0.16%
CVS	D	0.13%	0.16%	0.13%
CVX	A	0.35%	0.66%	0.35%
DASH	A	0.03%	0.14%	0.03%
DE	A	0.18%	0.24%	0.18%
DELL	C	0.02%	0.09%	0.02%
DHR	F	0.28%	0.35%	0.28%
DIS	B	0.3%	0.5%	0.3%
DUK	C	0.1%	0.21%	0.1%
ECL	D	0.14%	0.15%	0.14%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.17%	0.22%	0.17%
EMR	A	0.21%	0.17%	0.17%
EOG	A	0.16%	0.18%	0.16%
EQIX	A	0.05%	0.2%	0.05%
ETN	A	0.24%	0.34%	0.24%
F	C	0.07%	0.1%	0.07%
FCX	D	0.04%	0.15%	0.04%
FDX	B	0.18%	0.16%	0.16%
FI	A	0.05%	0.29%	0.05%
FTNT	C	0.03%	0.14%	0.03%
GD	F	0.22%	0.19%	0.19%
GE	D	0.14%	0.46%	0.14%
GEV	B	0.07%	0.21%	0.07%
GILD	C	0.19%	0.26%	0.19%
GM	B	0.09%	0.15%	0.09%
GOOG	C	1.1%	2.04%	1.1%
GOOGL	C	1.1%	2.41%	1.1%
GS	A	0.38%	0.45%	0.38%
HCA	F	0.02%	0.15%	0.02%
HD	A	0.57%	0.96%	0.57%
HON	B	0.22%	0.35%	0.22%
IBM	C	0.27%	0.45%	0.27%
ICE	C	0.1%	0.21%	0.1%
INTC	D	0.14%	0.25%	0.14%
INTU	C	0.38%	0.45%	0.38%
ISRG	A	0.18%	0.44%	0.18%
ITW	B	0.14%	0.19%	0.14%
JCI	C	0.18%	0.13%	0.13%
JNJ	D	0.39%	0.88%	0.39%
JPM	A	0.95%	1.67%	0.95%
KHC	F	0.0%	0.07%	0.0%
KKR	A	0.11%	0.24%	0.11%
KLAC	D	0.04%	0.2%	0.04%
KMB	D	0.11%	0.11%	0.11%
KO	D	0.29%	0.57%	0.29%
LIN	D	0.32%	0.51%	0.32%
LLY	F	0.7%	1.42%	0.7%
LMT	D	0.25%	0.27%	0.25%
LOW	D	0.31%	0.37%	0.31%
LRCX	F	0.06%	0.22%	0.06%
LULU	C	0.02%	0.09%	0.02%
MA	C	0.43%	1.03%	0.43%
MCD	D	0.23%	0.5%	0.23%
MCK	B	0.25%	0.19%	0.19%
MCO	B	0.02%	0.18%	0.02%
MDLZ	F	0.05%	0.21%	0.05%
MDT	D	0.23%	0.27%	0.23%
MET	A	0.2%	0.12%	0.12%
META	D	1.43%	2.89%	1.43%
MMC	B	0.17%	0.26%	0.17%
MMM	D	0.1%	0.17%	0.1%
MO	A	0.09%	0.23%	0.09%
MPC	D	0.17%	0.13%	0.13%
MRK	F	0.31%	0.58%	0.31%
MRNA	F	0.01%	0.03%	0.01%
MRVL	B	0.05%	0.18%	0.05%
MS	A	0.32%	0.37%	0.32%
MSFT	F	3.35%	7.35%	3.35%
MU	D	0.07%	0.25%	0.07%
NEE	D	0.25%	0.37%	0.25%
NEM	D	0.03%	0.11%	0.03%
NFLX	A	0.37%	0.84%	0.37%
NKE	D	0.18%	0.22%	0.18%
NOC	D	0.16%	0.16%	0.16%
NOW	A	0.16%	0.49%	0.16%
NSC	B	0.17%	0.14%	0.14%
NVDA	C	4.01%	7.91%	4.01%
ORCL	B	0.43%	0.69%	0.43%
ORLY	B	0.22%	0.17%	0.17%
OXY	D	0.05%	0.08%	0.05%
PANW	C	0.11%	0.28%	0.11%
PEP	F	0.26%	0.52%	0.26%
PFE	D	0.17%	0.33%	0.17%
PG	A	0.49%	0.95%	0.49%
PGR	A	0.17%	0.36%	0.17%
PH	A	0.17%	0.21%	0.17%
PLD	D	0.23%	0.25%	0.23%
PM	B	0.21%	0.48%	0.21%
PNC	B	0.17%	0.2%	0.17%
PSA	D	0.22%	0.13%	0.13%
PSX	C	0.05%	0.13%	0.05%
PYPL	B	0.15%	0.21%	0.15%
QCOM	F	0.27%	0.43%	0.27%
REGN	F	0.09%	0.19%	0.09%
RTX	C	0.33%	0.38%	0.33%
SBUX	A	0.2%	0.27%	0.2%
SCHW	B	0.18%	0.29%	0.18%
SHW	A	0.03%	0.21%	0.03%
SLB	C	0.07%	0.15%	0.07%
SNOW	C	0.03%	0.09%	0.03%
SNPS	B	0.04%	0.19%	0.04%
SO	D	0.07%	0.23%	0.07%
SPGI	C	0.24%	0.38%	0.24%
SYK	C	0.2%	0.34%	0.2%
T	A	0.21%	0.39%	0.21%
TDG	D	0.01%	0.16%	0.01%
TEAM	A	0.03%	0.09%	0.03%
TGT	F	0.12%	0.17%	0.12%
TJX	A	0.35%	0.32%	0.32%
TMO	F	0.38%	0.47%	0.38%
TMUS	B	0.07%	0.27%	0.07%
TRV	B	0.21%	0.14%	0.14%
TSLA	B	1.01%	2.12%	1.01%
TT	A	0.19%	0.22%	0.19%
TXN	C	0.37%	0.44%	0.37%
UBER	D	0.13%	0.35%	0.13%
UNH	C	0.68%	1.3%	0.68%
UNP	C	0.26%	0.34%	0.26%
UPS	C	0.11%	0.23%	0.11%
USB	A	0.12%	0.19%	0.12%
V	A	0.7%	1.16%	0.7%
VLO	C	0.11%	0.11%	0.11%
VRTX	F	0.07%	0.29%	0.07%
VZ	C	0.14%	0.42%	0.14%
WDAY	B	0.02%	0.13%	0.02%
WFC	A	0.44%	0.62%	0.44%
WM	A	0.22%	0.21%	0.21%
WMT	A	0.41%	0.87%	0.41%
XOM	B	0.68%	1.27%	0.68%
ZTS	D	0.09%	0.19%	0.09%

SPGM Overweight 824 Positions Relative to IWL

Symbol	Grade	Weight
TSM	B	0.99%
AFL	B	0.26%
CMI	A	0.26%
TM	D	0.26%
SONY	B	0.22%
NVS	D	0.22%
BABA	D	0.2%
A	D	0.2%
DFS	B	0.2%
HSBH	B	0.19%
BK	A	0.19%
MUFG	B	0.17%
IBN	C	0.17%
ROST	C	0.17%
PRU	A	0.16%
INFY	B	0.16%
ALL	A	0.16%
UL	D	0.16%
GLW	B	0.15%
PEG	A	0.15%
SPG	B	0.15%
SHOP	B	0.14%
CTSH	B	0.13%
PLTR	B	0.13%
IR	B	0.13%
CNI	D	0.13%
FAST	B	0.13%
MTB	A	0.13%
RDY	F	0.12%
ROIC	A	0.12%
EIX	B	0.12%
HES	B	0.12%
KEYS	A	0.12%
SYY	B	0.12%
CLX	B	0.12%
MKC	D	0.11%
YUM	B	0.11%
HPQ	B	0.11%
TD	F	0.11%
HSY	F	0.11%
NTAP	C	0.1%
MELI	D	0.1%
EBAY	D	0.1%
CHTR	C	0.1%
CHRW	C	0.09%
UMH	C	0.09%
AZN	D	0.08%
STT	A	0.08%
DD	D	0.08%
PDD	F	0.08%
SMFG	B	0.08%
ADM	D	0.08%
TSN	B	0.08%
CHT	D	0.08%
PPL	B	0.08%
WMB	A	0.08%
BCS	C	0.07%
K	A	0.07%
DEO	F	0.07%
LYB	F	0.07%
VRT	B	0.07%
MFG	B	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%
CTVA	C	0.07%
CHD	B	0.07%
DEA	D	0.06%
UMC	F	0.06%
DOW	F	0.06%
AXON	A	0.06%
SYF	B	0.06%
COIN	C	0.06%
JNPR	F	0.06%
EQR	B	0.06%
FTV	C	0.06%
APP	B	0.06%
WIT	A	0.06%
STX	D	0.06%
VALE	F	0.06%
EXC	C	0.06%
WDC	D	0.06%
HDB	C	0.06%
STLA	F	0.05%
DOC	D	0.05%
ITUB	F	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%
TTD	B	0.05%
FOXA	B	0.05%
RCL	A	0.04%
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%
LW	C	0.04%
SE	B	0.04%
VLTO	D	0.04%
CAG	D	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%
BKR	B	0.03%
BIDU	F	0.03%
BBD	D	0.03%
PBR	C	0.03%
NET	B	0.03%
TBBK	B	0.03%
SQ	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
KMI	A	0.03%
DX	B	0.03%
LDOS	C	0.03%
VERX	B	0.02%
TGTX	B	0.02%
NUE	C	0.02%
FSLR	F	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%
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%
URI	B	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%
CF	B	0.02%
HOV	D	0.02%
WBD	C	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
GEHC	F	0.02%
CFG	B	0.02%
SHG	D	0.02%
MT	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%
FRO	F	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%
BCRX	D	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%
COHR	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%
CROX	D	0.01%
COLL	F	0.01%
SMAR	A	0.01%
VMEO	B	0.01%
PNR	A	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%
NXPI	D	0.01%
PHR	F	0.01%
CIFR	B	0.01%
DLR	B	0.01%
RDFN	D	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%
KD	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%
TWST	D	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%
BE	B	0.01%
CASH	A	0.01%
OKTA	C	0.01%
SDGR	C	0.01%
ARWR	F	0.01%
TREE	F	0.01%
AKO.A	F	0.01%
GERN	D	0.01%
ENS	D	0.01%
VSTO	A	0.01%
LUMN	C	0.01%
THR	B	0.01%
CPRX	C	0.01%
TFIN	A	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%
RIVN	F	0.01%
ALB	C	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%
MARA	C	0.01%
GMS	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%
FIS	C	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%
UPST	B	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%
ERJ	B	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	B	0.01%
XPEV	C	0.01%
NWSA	B	0.01%
KEX	C	0.01%
EPAM	C	0.01%
ILMN	D	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	F	0.01%
TWLO	A	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%
EPRT	B	0.01%
SOLV	C	0.01%
MATX	C	0.01%
TAL	F	0.01%
GRBK	D	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%
DYN	F	0.01%
SRRK	B	0.01%
MTDR	B	0.01%
SOFI	A	0.01%
POWL	C	0.01%
ALLY	C	0.01%
PLMR	B	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%
WOLF	F	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%
BVN	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%
COTY	F	0.0%
MBAVU	D	0.0%
ICHR	C	0.0%
IRTC	D	0.0%
HE	C	0.0%
SWBI	C	0.0%
CNDT	C	0.0%
IBP	D	0.0%
ELVN	D	0.0%
MAT	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%
HAE	C	0.0%
LPRO	C	0.0%
CALX	D	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
APPN	B	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%
NMIH	D	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	F	0.0%
THO	B	0.0%
XHR	B	0.0%
DJT	C	0.0%
DBI	F	0.0%
RXST	F	0.0%
FBRT	C	0.0%
NCNO	B	0.0%
ATRO	D	0.0%
MQ	F	0.0%
SM	B	0.0%
PUBM	C	0.0%
DNOW	B	0.0%
ADUS	D	0.0%
ATEC	C	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%
CUBI	C	0.0%
AMRK	F	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%
GKOS	B	0.0%
UVV	B	0.0%
HAYN	C	0.0%
YOU	D	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%
ARLO	C	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%
HAYW	B	0.0%
TITN	C	0.0%
ARQT	C	0.0%
NEOG	F	0.0%
GDRX	F	0.0%
CYRX	F	0.0%
PENN	C	0.0%
GH	B	0.0%
FVRR	B	0.0%
CDNA	D	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%
GLBE	B	0.0%
RKT	F	0.0%
VCYT	B	0.0%
NVCR	C	0.0%
EMBC	C	0.0%
TXG	F	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%
UWMC	D	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%
WGO	C	0.0%
FC	F	0.0%
GNK	D	0.0%
SOUN	C	0.0%
PHAT	F	0.0%
ARRY	C	0.0%
LMND	B	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%
CFLT	B	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%
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%
BURL	A	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%
ASPN	F	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%
TTWO	A	0.0%
CASS	B	0.0%
RGEN	D	0.0%
SAM	C	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%
RUN	F	0.0%
ACVA	B	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%
EQT	B	0.0%
APLD	A	0.0%
DRH	B	0.0%
KREF	D	0.0%
LYFT	C	0.0%
EXTR	B	0.0%
ROIV	C	0.0%
PAYO	A	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%
PAR	B	0.0%
BJRI	B	0.0%
REPX	A	0.0%
NRIX	D	0.0%
LEGH	D	0.0%
PRCT	B	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%
EA	A	0.0%
CMPR	D	0.0%

SPGM Underweight 19 Positions Relative to IWL

Symbol	Grade	Weight
WELL	A	-0.2%
APO	B	-0.2%
MSI	B	-0.19%
CTAS	B	-0.18%
CRH	A	-0.16%
TFC	A	-0.15%
MAR	B	-0.15%
PCAR	B	-0.14%
SRE	A	-0.14%
ROP	B	-0.14%
AZO	C	-0.13%
CPRT	A	-0.12%
AIG	B	-0.12%
D	C	-0.11%
EW	C	-0.1%
RSG	A	-0.1%
MNST	C	-0.09%
STZ	D	-0.09%
KDP	D	-0.08%