SPGM vs. IWS ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to iShares Russell Mid-cap Value ETF (IWS)

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

$64.66

Average Daily Volume

43,996

Number of Holdings ^*

1001

* may have additional holdings in another (foreign) market

IWS

iShares Russell Mid-cap Value ETF

IWS Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value 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 Midcap Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$131.46

Average Daily Volume

286,589

Number of Holdings ^*

706

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	IWS
30 Days	4.41%	3.11%
60 Days	11.77%	9.24%
90 Days	4.41%	10.48%
12 Months	32.74%	31.20%

192 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in IWS	Overlap
A	B	0.23%	0.48%	0.23%
AA	B	0.03%	0.11%	0.03%
ADM	F	0.09%	0.32%	0.09%
AES	C	0.01%	0.16%	0.01%
AFL	A	0.25%	0.71%	0.25%
AFRM	C	0.01%	0.1%	0.01%
AGNC	B	0.01%	0.09%	0.01%
ALB	D	0.01%	0.12%	0.01%
ALGN	D	0.01%	0.09%	0.01%
ALL	A	0.15%	0.47%	0.15%
ALLE	A	0.04%	0.14%	0.04%
ALLY	F	0.01%	0.09%	0.01%
ALNY	C	0.01%	0.04%	0.01%
AMG	B	0.0%	0.06%	0.0%
APA	F	0.01%	0.1%	0.01%
APTV	D	0.0%	0.22%	0.0%
AR	C	0.0%	0.09%	0.0%
AZEK	D	0.02%	0.02%	0.02%
BAX	D	0.06%	0.21%	0.06%
BBWI	F	0.01%	0.08%	0.01%
BEN	F	0.05%	0.06%	0.05%
BHF	D	0.01%	0.03%	0.01%
BIIB	F	0.08%	0.31%	0.08%
BILL	D	0.0%	0.04%	0.0%
BK	A	0.18%	0.59%	0.18%
BKR	B	0.02%	0.41%	0.02%
BLDR	C	0.02%	0.24%	0.02%
BRBR	A	0.0%	0.09%	0.0%
BROS	F	0.0%	0.02%	0.0%
CAG	D	0.05%	0.17%	0.05%
CAR	D	0.0%	0.01%	0.0%
CC	D	0.0%	0.03%	0.0%
CCL	C	0.01%	0.2%	0.01%
CERT	F	0.0%	0.02%	0.0%
CF	A	0.02%	0.18%	0.02%
CFG	C	0.02%	0.2%	0.02%
CHD	D	0.07%	0.29%	0.07%
CHRD	F	0.0%	0.09%	0.0%
CHRW	C	0.09%	0.14%	0.09%
CHTR	D	0.09%	0.35%	0.09%
CLF	D	0.0%	0.05%	0.0%
CMI	A	0.23%	0.5%	0.23%
CNC	F	0.0%	0.44%	0.0%
CNH	C	0.01%	0.11%	0.01%
COHR	B	0.01%	0.13%	0.01%
COIN	F	0.04%	0.06%	0.04%
COTY	F	0.0%	0.04%	0.0%
CROX	C	0.01%	0.08%	0.01%
CSGP	F	0.0%	0.34%	0.0%
CTSH	B	0.13%	0.43%	0.13%
CTVA	A	0.08%	0.46%	0.08%
CVNA	A	0.02%	0.14%	0.02%
CZR	B	0.01%	0.1%	0.01%
DD	C	0.08%	0.41%	0.08%
DFS	A	0.16%	0.38%	0.16%
DHI	C	0.0%	0.64%	0.0%
DJT	F	0.0%	0.0%	0.0%
DLR	C	0.01%	0.58%	0.01%
DLTR	F	0.04%	0.16%	0.04%
DOC	C	0.05%	0.18%	0.05%
DOCS	A	0.01%	0.05%	0.01%
DOW	B	0.07%	0.43%	0.07%
DVN	F	0.01%	0.28%	0.01%
DXC	C	0.01%	0.04%	0.01%
EA	D	0.0%	0.43%	0.0%
EBAY	A	0.11%	0.37%	0.11%
EIX	C	0.12%	0.37%	0.12%
ELAN	D	0.0%	0.08%	0.0%
EPAM	F	0.01%	0.11%	0.01%
EQR	C	0.06%	0.31%	0.06%
EQT	C	0.0%	0.22%	0.0%
ETSY	F	0.0%	0.02%	0.0%
EXAS	C	0.01%	0.08%	0.01%
EXC	C	0.07%	0.46%	0.07%
FAST	C	0.12%	0.07%	0.07%
FE	C	0.07%	0.29%	0.07%
FICO	C	0.02%	0.08%	0.02%
FIS	A	0.01%	0.53%	0.01%
FOXA	B	0.05%	0.11%	0.05%
FSLR	C	0.02%	0.29%	0.02%
FTI	B	0.02%	0.13%	0.02%
FTV	C	0.06%	0.31%	0.06%
GEHC	C	0.02%	0.41%	0.02%
GIS	C	0.06%	0.47%	0.06%
GLW	C	0.14%	0.38%	0.14%
GME	D	0.01%	0.09%	0.01%
GNRC	B	0.01%	0.05%	0.01%
GPN	F	0.0%	0.29%	0.0%
GXO	D	0.0%	0.07%	0.0%
HAL	D	0.05%	0.3%	0.05%
HAYW	C	0.0%	0.02%	0.0%
HCP	A	0.0%	0.01%	0.0%
HES	D	0.11%	0.15%	0.11%
HOG	D	0.0%	0.05%	0.0%
HPE	B	0.07%	0.29%	0.07%
HPQ	B	0.11%	0.29%	0.11%
HST	D	0.0%	0.14%	0.0%
HSY	D	0.13%	0.27%	0.13%
IFF	D	0.03%	0.3%	0.03%
ILMN	B	0.01%	0.23%	0.01%
IR	A	0.12%	0.44%	0.12%
JNPR	C	0.06%	0.14%	0.06%
K	B	0.07%	0.24%	0.07%
KD	D	0.01%	0.06%	0.01%
KEX	C	0.01%	0.08%	0.01%
KEYS	B	0.13%	0.3%	0.13%
KIM	C	0.0%	0.17%	0.0%
KMI	A	0.03%	0.49%	0.03%
KSS	D	0.01%	0.03%	0.01%
KVUE	C	0.03%	0.49%	0.03%
LBRDK	C	0.01%	0.07%	0.01%
LCID	F	0.01%	0.03%	0.01%
LDOS	A	0.03%	0.25%	0.03%
LSCC	D	0.0%	0.01%	0.0%
LW	D	0.04%	0.07%	0.04%
LYB	B	0.08%	0.28%	0.08%
LYFT	D	0.0%	0.02%	0.0%
M	D	0.01%	0.05%	0.01%
MAT	B	0.0%	0.07%	0.0%
MKC	C	0.12%	0.24%	0.12%
MOS	F	0.02%	0.1%	0.02%
MP	C	0.0%	0.03%	0.0%
MRO	B	0.06%	0.17%	0.06%
MSTR	B	0.03%	0.27%	0.03%
MTB	A	0.11%	0.32%	0.11%
MTCH	B	0.0%	0.11%	0.0%
MTDR	D	0.01%	0.06%	0.01%
NCNO	F	0.0%	0.01%	0.0%
NOV	F	0.01%	0.07%	0.01%
NTAP	D	0.1%	0.16%	0.1%
NUE	D	0.02%	0.41%	0.02%
NVT	C	0.0%	0.13%	0.0%
NWSA	D	0.01%	0.11%	0.01%
OGN	F	0.01%	0.05%	0.01%
OKTA	F	0.01%	0.07%	0.01%
ON	F	0.01%	0.34%	0.01%
OTIS	A	0.04%	0.47%	0.04%
OVV	D	0.0%	0.12%	0.0%
PARA	F	0.02%	0.07%	0.02%
PATH	D	0.0%	0.01%	0.0%
PCG	C	0.0%	0.48%	0.0%
PEG	A	0.14%	0.51%	0.14%
PENN	D	0.0%	0.03%	0.0%
PNR	C	0.01%	0.18%	0.01%
PPL	C	0.08%	0.28%	0.08%
PRU	B	0.15%	0.48%	0.15%
QS	F	0.01%	0.02%	0.01%
RCL	B	0.03%	0.3%	0.03%
REG	C	0.0%	0.15%	0.0%
RGEN	F	0.0%	0.08%	0.0%
RIVN	F	0.01%	0.1%	0.01%
RKT	D	0.0%	0.03%	0.0%
ROKU	C	0.01%	0.09%	0.01%
ROST	D	0.19%	0.42%	0.19%
RRC	D	0.0%	0.08%	0.0%
S	C	0.0%	0.06%	0.0%
SAM	D	0.0%	0.02%	0.0%
SHC	C	0.0%	0.03%	0.0%
SITE	D	0.0%	0.05%	0.0%
SJM	D	0.08%	0.14%	0.08%
SOFI	C	0.01%	0.07%	0.01%
SOLV	C	0.01%	0.11%	0.01%
SPG	A	0.14%	0.46%	0.14%
SPR	D	0.0%	0.04%	0.0%
SQ	D	0.01%	0.24%	0.01%
SQ	D	0.03%	0.24%	0.03%
STT	A	0.07%	0.29%	0.07%
SYF	A	0.04%	0.22%	0.04%
SYY	D	0.13%	0.17%	0.13%
THO	C	0.0%	0.06%	0.0%
TPR	B	0.04%	0.12%	0.04%
TSN	D	0.07%	0.19%	0.07%
TTWO	D	0.0%	0.29%	0.0%
TWLO	B	0.01%	0.1%	0.01%
TXG	F	0.0%	0.01%	0.0%
U	D	0.01%	0.04%	0.01%
URI	C	0.02%	0.46%	0.02%
UWMC	D	0.0%	0.0%	0.0%
VLTO	A	0.05%	0.17%	0.05%
VNT	F	0.01%	0.06%	0.01%
VTRS	D	0.01%	0.15%	0.01%
W	C	0.01%	0.06%	0.01%
WBA	F	0.01%	0.07%	0.01%
WBD	F	0.02%	0.22%	0.02%
WDC	C	0.07%	0.25%	0.07%
WMB	A	0.07%	0.63%	0.07%
WOLF	F	0.0%	0.01%	0.0%
YETI	C	0.01%	0.03%	0.01%
YUM	C	0.11%	0.27%	0.11%
Z	C	0.01%	0.12%	0.01%
ZI	F	0.0%	0.04%	0.0%
ZM	B	0.02%	0.2%	0.02%

SPGM Overweight 809 Positions Relative to IWS

Symbol	Grade	Weight
AAPL	C	3.74%
MSFT	D	3.41%
NVDA	B	3.39%
AMZN	C	1.95%
META	A	1.45%
GOOGL	B	1.04%
GOOG	B	1.03%
TSM	B	0.93%
AVGO	B	0.9%
TSLA	C	0.81%
JPM	C	0.81%
LLY	D	0.81%
BRK.A	B	0.7%
UNH	B	0.66%
XOM	A	0.65%
V	B	0.61%
COST	C	0.55%
HD	A	0.55%
PG	D	0.49%
TMO	D	0.45%
BAC	B	0.44%
ABBV	C	0.42%
JNJ	D	0.41%
MA	A	0.41%
CRM	B	0.41%
WMT	A	0.39%
ORCL	A	0.39%
TXN	C	0.38%
MRK	F	0.37%
DHR	D	0.34%
INTU	F	0.34%
AXP	A	0.34%
ADBE	F	0.34%
TJX	D	0.34%
LIN	C	0.34%
CSCO	A	0.33%
RTX	A	0.33%
ABT	C	0.33%
KO	C	0.33%
NFLX	A	0.32%
WFC	B	0.32%
CVX	B	0.31%
GS	B	0.31%
CAT	A	0.3%
LOW	C	0.3%
TM	D	0.29%
IBM	A	0.29%
AMD	C	0.28%
QCOM	D	0.28%
AMAT	C	0.28%
CB	A	0.27%
LMT	A	0.27%
ACN	B	0.27%
PEP	F	0.27%
NEE	C	0.27%
BKNG	B	0.26%
UNP	F	0.26%
NVS	D	0.25%
DIS	D	0.25%
PLD	D	0.25%
SPGI	C	0.24%
MS	A	0.24%
BABA	A	0.23%
SONY	C	0.23%
GD	C	0.23%
MDT	C	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	B	0.21%
PM	D	0.2%
MCK	F	0.2%
SBUX	B	0.2%
MET	A	0.2%
PFE	D	0.2%
T	B	0.2%
ORLY	A	0.2%
AMT	D	0.19%
UL	D	0.19%
SYK	C	0.19%
TRV	B	0.19%
DE	C	0.19%
ABBV	C	0.19%
HON	C	0.19%
IBN	C	0.18%
EMR	B	0.18%
TT	A	0.18%
ADI	B	0.18%
CSX	D	0.18%
JCI	C	0.17%
PGR	B	0.17%
COP	D	0.17%
MPC	D	0.17%
BDX	C	0.17%
CMCSA	B	0.17%
MMC	D	0.17%
NOC	B	0.17%
GILD	A	0.17%
NSC	C	0.16%
ISRG	C	0.16%
TEL	D	0.16%
FDX	F	0.16%
INFY	B	0.16%
AEP	C	0.16%
VZ	C	0.15%
PNC	C	0.15%
GE	B	0.15%
PH	A	0.15%
BSX	A	0.14%
NOW	B	0.14%
CNI	D	0.14%
CEG	A	0.14%
SCHW	D	0.14%
CL	D	0.14%
ECL	C	0.14%
EOG	B	0.14%
MUFG	D	0.14%
CVS	D	0.14%
TD	B	0.13%
RDY	D	0.13%
UBER	C	0.13%
ITW	C	0.13%
INTC	D	0.13%
PYPL	A	0.13%
CLX	C	0.12%
COF	A	0.12%
REGN	D	0.12%
BMY	A	0.12%
TGT	C	0.12%
MELI	D	0.11%
UPS	D	0.11%
VLO	F	0.11%
MMM	C	0.11%
USB	C	0.11%
KMB	D	0.11%
CMG	C	0.1%
ZTS	C	0.1%
DUK	C	0.1%
ROIC	C	0.1%
SHOP	B	0.1%
BA	F	0.1%
CHT	C	0.09%
CME	A	0.09%
UMH	D	0.09%
PDD	B	0.09%
AZN	D	0.09%
PANW	B	0.09%
GM	D	0.08%
VALE	D	0.08%
APD	C	0.08%
DEO	C	0.08%
MO	D	0.08%
BLK	A	0.08%
CI	D	0.08%
NXRT	D	0.07%
HDB	D	0.07%
ANET	A	0.07%
EL	D	0.07%
F	D	0.07%
SMFG	D	0.07%
SLB	D	0.07%
STX	C	0.07%
LRCX	D	0.07%
PLTR	A	0.07%
TCOM	A	0.07%
AON	A	0.07%
VRTX	D	0.07%
VGR	B	0.07%
CRWD	D	0.07%
SO	A	0.07%
UMC	D	0.07%
MU	D	0.07%
STLA	F	0.06%
LYG	C	0.06%
TMUS	A	0.06%
WIT	C	0.06%
MDLZ	D	0.06%
BCS	B	0.06%
DEA	D	0.06%
CDNS	D	0.06%
PKX	D	0.06%
CARR	A	0.06%
NMR	F	0.05%
GOOD	A	0.05%
TTD	A	0.05%
FCX	B	0.05%
OXY	D	0.05%
GEV	A	0.05%
E	C	0.05%
KLAC	B	0.05%
MOD	B	0.05%
PSX	D	0.05%
BX	C	0.05%
VRT	B	0.05%
MFG	B	0.05%
ITUB	D	0.05%
LNTH	C	0.04%
YUMC	B	0.04%
KB	D	0.04%
SE	B	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%
NEM	C	0.04%
EQIX	C	0.04%
LNW	F	0.03%
SHG	D	0.03%
AXNX	A	0.03%
BABA	A	0.03%
APP	A	0.03%
HOV	D	0.03%
NU	D	0.03%
NET	D	0.03%
TAC	A	0.03%
HCA	C	0.03%
DASH	A	0.03%
TBBK	A	0.03%
BRSP	D	0.03%
SNOW	F	0.03%
PBR	B	0.03%
BBD	C	0.03%
HMC	D	0.03%
MPWR	B	0.03%
SHW	C	0.03%
DX	D	0.03%
BIDU	C	0.03%
VEEV	C	0.02%
TDG	A	0.02%
ACEL	C	0.02%
PINS	D	0.02%
GRBK	C	0.02%
GGB	B	0.02%
RBLX	D	0.02%
HUBS	D	0.02%
MCO	D	0.02%
TTGT	F	0.02%
DYN	D	0.02%
AIV	D	0.02%
LULU	D	0.02%
ZS	F	0.02%
SKY	C	0.02%
AHH	F	0.02%
CHCT	F	0.02%
TEAM	D	0.02%
MDB	D	0.02%
ABEV	B	0.02%
CHX	C	0.02%
DKNG	C	0.02%
DELL	C	0.02%
QTWO	B	0.02%
WTTR	B	0.02%
ADMA	A	0.02%
GOLD	C	0.02%
SMCI	F	0.02%
HIMS	C	0.02%
ITCI	D	0.02%
WDAY	D	0.02%
IIPR	C	0.02%
FTNT	A	0.02%
MT	B	0.02%
MRNA	F	0.02%
DDOG	B	0.02%
LI	C	0.02%
VERV	F	0.01%
DT	B	0.01%
VMEO	C	0.01%
FATE	F	0.01%
RLAY	F	0.01%
EDIT	F	0.01%
NR	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	C	0.01%
LASR	F	0.01%
GTLB	D	0.01%
BZ	C	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%
CDE	C	0.01%
AUPH	C	0.01%
GATO	B	0.01%
PTEN	F	0.01%
CCB	B	0.01%
PACB	D	0.01%
KOP	F	0.01%
ITRI	C	0.01%
VKTX	C	0.01%
OPEN	F	0.01%
IDXX	D	0.01%
PACK	F	0.01%
LIND	C	0.01%
BTU	B	0.01%
KYMR	D	0.01%
BLFS	D	0.01%
TGI	F	0.01%
EXPI	C	0.01%
IMVT	D	0.01%
BCRX	D	0.01%
EVH	D	0.01%
FBK	B	0.01%
FRO	B	0.01%
RLX	D	0.01%
BOOT	B	0.01%
SLP	F	0.01%
AMSC	C	0.01%
SMAR	A	0.01%
MCB	B	0.01%
JKS	C	0.01%
PCH	C	0.01%
ALEX	D	0.01%
XPO	F	0.01%
PAY	D	0.01%
IDYA	F	0.01%
ASPN	C	0.01%
UPST	C	0.01%
PEN	D	0.01%
MDGL	F	0.01%
BLBD	D	0.01%
PHI	B	0.01%
ULH	B	0.01%
RUN	D	0.01%
RCUS	D	0.01%
CLSK	F	0.01%
CELH	F	0.01%
CENX	C	0.01%
MGNI	D	0.01%
PRTA	F	0.01%
CASH	C	0.01%
OMI	F	0.01%
DQ	C	0.01%
NXPI	F	0.01%
OSW	B	0.01%
PTCT	C	0.01%
SRPT	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%
LUMN	C	0.01%
BGNE	A	0.01%
CYH	C	0.01%
GSAT	F	0.01%
LWLG	F	0.01%
CLDX	F	0.01%
DOCU	A	0.01%
RNA	B	0.01%
INMD	F	0.01%
VSTO	B	0.01%
COLL	A	0.01%
HASI	B	0.01%
ADSK	B	0.01%
RVLV	C	0.01%
PHR	F	0.01%
NBR	D	0.01%
LOB	B	0.01%
FUTU	A	0.01%
AAON	A	0.01%
MARA	F	0.01%
FOUR	A	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%
MNDY	B	0.01%
EXPE	B	0.01%
AUR	C	0.01%
SDGR	F	0.01%
RDNT	C	0.01%
MRC	D	0.01%
CLDT	D	0.01%
CLBT	B	0.01%
THR	F	0.01%
HSTM	B	0.01%
MBIN	C	0.01%
GMS	B	0.01%
ARWR	F	0.01%
ENS	B	0.01%
PBF	F	0.01%
TWST	D	0.01%
TDOC	D	0.01%
SID	D	0.01%
RDFN	C	0.01%
AKRO	D	0.01%
AKO.A	D	0.01%
CCS	C	0.01%
TME	B	0.01%
FLNG	B	0.01%
RKLB	B	0.01%
DVAX	F	0.01%
ERJ	C	0.01%
TOST	B	0.01%
SCCO	B	0.01%
VERX	B	0.01%
GERN	D	0.01%
SNAP	D	0.01%
TREE	C	0.01%
POWL	B	0.01%
XPEV	C	0.01%
ZETA	B	0.01%
MATX	C	0.01%
KOS	F	0.01%
ORA	C	0.01%
BBIO	F	0.01%
PLAY	D	0.01%
IMXI	F	0.01%
BEKE	A	0.01%
APH	D	0.01%
TGTX	D	0.01%
MHO	C	0.01%
ABR	C	0.01%
DDD	D	0.01%
COMP	C	0.01%
RYTM	C	0.01%
PLMR	A	0.01%
NIO	C	0.01%
EPRT	C	0.01%
ENPH	F	0.01%
VIPS	B	0.01%
GMRE	C	0.01%
TEVA	D	0.01%
AGYS	D	0.01%
INSP	C	0.01%
TAL	C	0.01%
DXCM	F	0.01%
ICE	A	0.01%
OII	D	0.01%
KRYS	D	0.0%
XPEV	C	0.0%
LI	C	0.0%
SMWB	C	0.0%
SCLX	F	0.0%
JOBY	C	0.0%
JAMF	F	0.0%
OEC	F	0.0%
AGL	F	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%
ZEUS	F	0.0%
BOC	D	0.0%
MLCO	C	0.0%
SNCY	F	0.0%
TPB	C	0.0%
DENN	D	0.0%
SPRY	C	0.0%
KE	F	0.0%
MLNK	F	0.0%
SHEN	F	0.0%
PKST	D	0.0%
ASTH	B	0.0%
PRVA	F	0.0%
HDSN	F	0.0%
LGIH	C	0.0%
KRNT	A	0.0%
MXL	D	0.0%
MNSO	C	0.0%
OLO	F	0.0%
FLGT	F	0.0%
EYE	F	0.0%
TMCI	F	0.0%
SAGE	F	0.0%
PUMP	D	0.0%
ORLA	B	0.0%
VIR	F	0.0%
CEVA	B	0.0%
PD	F	0.0%
CTKB	F	0.0%
FSBC	C	0.0%
MGPI	F	0.0%
ITOS	F	0.0%
PFC	D	0.0%
GRPN	F	0.0%
PARR	F	0.0%
REPL	C	0.0%
FIGS	C	0.0%
OLPX	C	0.0%
MRVI	F	0.0%
RGNX	F	0.0%
SEDG	F	0.0%
IRTC	F	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	F	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%
ICHR	D	0.0%
ELVN	A	0.0%
GDS	B	0.0%
HUMA	F	0.0%
MAX	C	0.0%
RIG	F	0.0%
LPRO	D	0.0%
LYEL	F	0.0%
APPN	C	0.0%
SAVA	D	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	C	0.0%
DNOW	F	0.0%
IBP	C	0.0%
LMND	F	0.0%
PDFS	F	0.0%
HURN	D	0.0%
SM	D	0.0%
XHR	A	0.0%
NARI	F	0.0%
THRM	F	0.0%
SVC	D	0.0%
NEXT	F	0.0%
TLRY	F	0.0%
NMIH	B	0.0%
LESL	F	0.0%
QTRX	F	0.0%
ULCC	C	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%
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%
XPRO	F	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%
CFLT	F	0.0%
HRI	B	0.0%
FVRR	D	0.0%
FDMT	F	0.0%
ARLO	F	0.0%
SABR	C	0.0%
AMRC	C	0.0%
ALHC	C	0.0%
FIVN	F	0.0%
IOVA	D	0.0%
TITN	F	0.0%
VNET	B	0.0%
ARQT	D	0.0%
MNTK	D	0.0%
FIZZ	F	0.0%
EGBN	C	0.0%
SITM	A	0.0%
EYPT	F	0.0%
GLBE	C	0.0%
IAS	F	0.0%
VCYT	C	0.0%
ENVA	B	0.0%
YOU	C	0.0%
SKE	C	0.0%
ORIC	F	0.0%
BHB	D	0.0%
NVCR	F	0.0%
EMBC	F	0.0%
STAA	D	0.0%
NNDM	C	0.0%
FRSH	F	0.0%
METC	D	0.0%
CYTK	D	0.0%
VSCO	C	0.0%
NVRI	D	0.0%
VZIO	A	0.0%
NEOG	F	0.0%
CYRX	F	0.0%
IIIV	D	0.0%
WGO	D	0.0%
STOK	D	0.0%
HL	C	0.0%
AMRK	C	0.0%
YY	C	0.0%
MTW	F	0.0%
BIGC	F	0.0%
OSPN	D	0.0%
SIGA	F	0.0%
HTHT	B	0.0%
AX	D	0.0%
ARRY	F	0.0%
ALT	F	0.0%
ATHM	B	0.0%
ARDX	D	0.0%
FSLY	D	0.0%
GRAB	C	0.0%
LXRX	F	0.0%
CDMO	D	0.0%
AVNS	D	0.0%
SQSP	A	0.0%
AMC	F	0.0%
RVNC	F	0.0%
GNK	D	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	C	0.0%
FC	C	0.0%
FROG	F	0.0%
APPF	C	0.0%
INDI	F	0.0%
EWCZ	F	0.0%
TRUP	B	0.0%
UNIT	B	0.0%
CDNA	B	0.0%
ADNT	F	0.0%
DIN	D	0.0%
GDOT	C	0.0%
QNST	C	0.0%
PCVX	C	0.0%
CCBG	D	0.0%
UEC	C	0.0%
IAG	C	0.0%
YEXT	B	0.0%
MEG	F	0.0%
BRZE	F	0.0%
SMR	C	0.0%
WRBY	B	0.0%
SNDX	F	0.0%
INN	A	0.0%
ESTC	F	0.0%
ACHR	F	0.0%
AXSM	D	0.0%
FUBO	F	0.0%
DHC	C	0.0%
ATUS	C	0.0%
ERAS	D	0.0%
BURL	C	0.0%
MOMO	B	0.0%
WOOF	B	0.0%
NTLA	F	0.0%
ATKR	F	0.0%
ELF	F	0.0%
TNDM	D	0.0%
DUOL	B	0.0%
WULF	C	0.0%
PL	D	0.0%
NUVB	F	0.0%
GDRX	F	0.0%
REZI	D	0.0%
CSTL	B	0.0%
XMTR	F	0.0%
UPWK	D	0.0%
VVI	B	0.0%
TUYA	C	0.0%
TRNS	D	0.0%
TELL	B	0.0%
RNG	F	0.0%
SANA	F	0.0%
KHC	F	0.0%
DFH	C	0.0%
CASS	F	0.0%
PAR	D	0.0%
AMPS	F	0.0%
NCLH	C	0.0%
INSW	B	0.0%
DCO	B	0.0%
RXRX	F	0.0%
PLPC	D	0.0%
KC	C	0.0%
IBUY	A	0.0%
SPT	F	0.0%
VRNS	B	0.0%
ARVN	F	0.0%
KLG	F	0.0%
ALEC	F	0.0%
PFSI	C	0.0%
ENFN	C	0.0%
CLOV	B	0.0%
IIIN	F	0.0%
LSPD	C	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	D	0.0%
NUVL	B	0.0%
TIGR	A	0.0%
PRG	C	0.0%
HSII	D	0.0%
PGC	B	0.0%
OSCR	C	0.0%
KEP	F	0.0%
RAMP	F	0.0%
ASAN	F	0.0%
CIG	C	0.0%
IQ	D	0.0%
CHGX	A	0.0%
DOCN	B	0.0%
RCKT	F	0.0%
RPAY	F	0.0%
LC	D	0.0%
HEES	D	0.0%
FLYW	F	0.0%
BLND	C	0.0%
ACLS	F	0.0%
PTGX	C	0.0%
BJRI	B	0.0%
CIFR	C	0.0%
DMRC	D	0.0%
PRCT	D	0.0%
CARS	F	0.0%
CIB	D	0.0%
VRDN	B	0.0%
WRLD	F	0.0%
EXTR	D	0.0%
EVRI	A	0.0%
PETQ	A	0.0%
BASE	F	0.0%
CTLP	B	0.0%
HUYA	B	0.0%
VITL	C	0.0%
NVAX	C	0.0%
NEO	F	0.0%
BYND	D	0.0%
SONO	F	0.0%
WIX	D	0.0%
DRH	B	0.0%
PLAB	D	0.0%
BE	F	0.0%
ROCK	D	0.0%
ZLAB	C	0.0%
NPAB	D	0.0%
WEAV	B	0.0%
AI	D	0.0%
PHAT	C	0.0%
NRIX	D	0.0%
ALLO	D	0.0%
PLUG	D	0.0%
ODFL	F	0.0%
PCT	C	0.0%
SRRK	F	0.0%
ALKT	D	0.0%
GDYN	B	0.0%
MITK	F	0.0%
AAOI	C	0.0%
BILI	B	0.0%
ENVX	D	0.0%
RIOT	F	0.0%
NOVA	F	0.0%
AMR	F	0.0%
KREF	C	0.0%
LEGH	D	0.0%
APLD	C	0.0%

SPGM Underweight 515 Positions Relative to IWS

Symbol	Grade	Weight
AJG	C	-0.65%
O	C	-0.62%
OKE	A	-0.6%
CCI	D	-0.58%
LHX	A	-0.52%
LEN	C	-0.5%
ACGL	A	-0.46%
MCHP	F	-0.46%
AME	C	-0.44%
HWM	A	-0.43%
IQV	F	-0.42%
EXR	D	-0.42%
KR	C	-0.42%
FERG	F	-0.42%
CBRE	C	-0.42%
XEL	C	-0.41%
ED	C	-0.41%
HIG	A	-0.39%
FANG	D	-0.38%
HUM	F	-0.38%
VICI	C	-0.38%
WAB	A	-0.36%
DAL	C	-0.36%
XYL	C	-0.36%
MLM	F	-0.35%
MTD	C	-0.35%
AVB	C	-0.35%
NDAQ	C	-0.34%
PPG	D	-0.34%
WEC	B	-0.34%
WTW	C	-0.34%
PAYX	B	-0.33%
PHM	C	-0.33%
PWR	A	-0.33%
ETR	A	-0.32%
AWK	D	-0.32%
NVR	C	-0.32%
EFX	D	-0.32%
FITB	C	-0.32%
ANSS	D	-0.31%
HLT	A	-0.31%
ROK	D	-0.31%
DTE	B	-0.3%
GRMN	D	-0.3%
VTR	C	-0.29%
SBAC	C	-0.29%
DOV	C	-0.29%
WY	C	-0.28%
RMD	C	-0.28%
SW	C	-0.28%
ES	D	-0.27%
VMC	D	-0.27%
HUBB	A	-0.26%
STE	D	-0.26%
RJF	B	-0.26%
AEE	A	-0.26%
TROW	D	-0.26%
BBY	C	-0.25%
ZBH	F	-0.25%
CBOE	B	-0.25%
CINF	A	-0.24%
CMS	A	-0.24%
COO	C	-0.24%
INVH	D	-0.24%
FCNCA	D	-0.24%
TDY	A	-0.23%
ARE	D	-0.23%
LNG	A	-0.23%
HBAN	B	-0.23%
RF	B	-0.23%
BALL	C	-0.23%
ATO	A	-0.23%
STLD	C	-0.22%
GPC	D	-0.22%
PFG	A	-0.22%
OMC	C	-0.22%
MAA	D	-0.21%
HOLX	D	-0.21%
LH	D	-0.21%
UAL	A	-0.21%
MAS	C	-0.21%
CHK	C	-0.21%
DG	F	-0.21%
MSCI	B	-0.21%
ESS	D	-0.21%
TRU	C	-0.21%
CNP	B	-0.21%
PKG	B	-0.21%
NTRS	B	-0.2%
CSL	A	-0.2%
CTRA	D	-0.2%
LUV	B	-0.2%
SUI	D	-0.19%
RS	D	-0.19%
WRB	C	-0.19%
SWK	C	-0.19%
IP	C	-0.19%
DGX	D	-0.19%
WSO	C	-0.19%
AVTR	D	-0.19%
NI	A	-0.18%
UTHR	C	-0.18%
LNT	B	-0.18%
TOL	C	-0.18%
SSNC	C	-0.18%
FNF	C	-0.18%
IEX	D	-0.18%
TXT	F	-0.18%
AMCR	C	-0.18%
J	F	-0.18%
UDR	C	-0.17%
GEN	A	-0.17%
VRSN	C	-0.17%
IRM	B	-0.17%
NDSN	C	-0.17%
TRMB	B	-0.17%
HOOD	B	-0.17%
SNA	C	-0.17%
AKAM	D	-0.17%
KEY	B	-0.17%
OC	C	-0.17%
EXPD	D	-0.17%
RVTY	C	-0.17%
SWKS	F	-0.17%
MKL	B	-0.17%
THC	D	-0.17%
JBHT	D	-0.16%
ACM	A	-0.16%
BRO	A	-0.16%
RNR	A	-0.16%
USFD	C	-0.16%
L	C	-0.16%
RGA	B	-0.16%
EG	A	-0.16%
GGG	C	-0.16%
IBKR	A	-0.16%
CDW	D	-0.16%
ZBRA	B	-0.16%
EMN	C	-0.15%
ELS	D	-0.15%
UHS	D	-0.15%
JKHY	A	-0.15%
BMRN	F	-0.15%
WPC	C	-0.15%
GLPI	C	-0.15%
EVRG	C	-0.15%
BG	F	-0.15%
EME	B	-0.14%
JBL	C	-0.14%
TECH	D	-0.14%
ITT	C	-0.14%
CLH	B	-0.14%
BXP	B	-0.14%
CPT	C	-0.14%
FFIV	B	-0.14%
AMH	D	-0.14%
CW	A	-0.14%
SCI	D	-0.13%
BJ	B	-0.13%
FDS	C	-0.13%
CCK	C	-0.13%
NRG	A	-0.13%
KMX	F	-0.13%
CASY	D	-0.13%
TFX	C	-0.13%
IPG	D	-0.13%
CUBE	C	-0.13%
RPM	A	-0.13%
BLD	D	-0.13%
PFGC	A	-0.12%
PNW	C	-0.12%
AIZ	B	-0.12%
DKS	D	-0.12%
HII	F	-0.12%
LKQ	F	-0.12%
ATR	A	-0.12%
REXR	D	-0.12%
AOS	C	-0.12%
RRX	B	-0.12%
CAH	B	-0.12%
CTLT	A	-0.12%
FBIN	C	-0.12%
UNM	A	-0.12%
EWBC	B	-0.12%
AVY	D	-0.12%
CE	D	-0.12%
CACI	A	-0.12%
RPRX	D	-0.12%
WYNN	B	-0.11%
MKTX	B	-0.11%
CG	B	-0.11%
QRVO	F	-0.11%
EHC	C	-0.11%
WTRG	D	-0.11%
AFG	A	-0.11%
DPZ	D	-0.11%
NTNX	C	-0.11%
NLY	C	-0.11%
TTEK	A	-0.11%
CRL	F	-0.11%
OHI	C	-0.11%
DOX	B	-0.11%
TAP	D	-0.11%
ARMK	C	-0.11%
FWONK	D	-0.11%
WWD	C	-0.11%
INCY	B	-0.11%
WST	D	-0.1%
LAMR	C	-0.1%
ALSN	A	-0.1%
RBC	C	-0.1%
LAD	C	-0.1%
FYBR	C	-0.1%
JLL	C	-0.1%
SNX	C	-0.1%
DCI	B	-0.1%
NNN	C	-0.1%
TW	A	-0.1%
CIEN	A	-0.1%
ORI	A	-0.1%
GPK	D	-0.1%
EGP	D	-0.1%
INGR	B	-0.1%
NYT	C	-0.1%
WAL	C	-0.1%
TTC	F	-0.1%
EVR	C	-0.1%
MGM	D	-0.1%
HRL	F	-0.1%
HSIC	D	-0.1%
AYI	A	-0.1%
PRI	A	-0.1%
DRI	C	-0.1%
GL	C	-0.1%
SF	A	-0.1%
CPB	D	-0.1%
FRT	D	-0.1%
RGLD	C	-0.1%
HLI	A	-0.09%
CR	A	-0.09%
MTZ	A	-0.09%
WBS	D	-0.09%
DTM	A	-0.09%
BERY	C	-0.09%
RL	B	-0.09%
JEF	A	-0.09%
ACI	F	-0.09%
X	F	-0.09%
WEX	C	-0.09%
AXTA	C	-0.09%
CMA	C	-0.09%
WSM	C	-0.09%
CHE	D	-0.09%
COKE	C	-0.09%
GMED	B	-0.09%
COLD	D	-0.09%
KBR	A	-0.09%
VOYA	A	-0.09%
BWA	C	-0.09%
FCN	C	-0.09%
SKX	B	-0.09%
BWXT	A	-0.09%
ATI	C	-0.09%
FHN	D	-0.09%
FND	C	-0.09%
GWRE	A	-0.09%
OGE	C	-0.09%
PTC	B	-0.09%
FMC	C	-0.09%
KNX	D	-0.09%
DAY	C	-0.09%
WAT	B	-0.09%
BRX	C	-0.09%
MHK	C	-0.09%
TKO	A	-0.09%
AAL	D	-0.08%
WTFC	B	-0.08%
RHI	D	-0.08%
HR	D	-0.08%
JAZZ	F	-0.08%
WMS	D	-0.08%
FLS	A	-0.08%
CBSH	D	-0.08%
BFAM	C	-0.08%
GNTX	D	-0.08%
SEIC	B	-0.08%
VNO	B	-0.08%
G	A	-0.08%
CART	B	-0.08%
VFC	A	-0.08%
DINO	F	-0.08%
ARW	C	-0.08%
STAG	D	-0.08%
PNFP	B	-0.08%
HRB	C	-0.08%
PR	D	-0.08%
SAIC	A	-0.08%
WCC	D	-0.08%
FR	D	-0.08%
MIDD	D	-0.08%
ONTO	B	-0.08%
SSD	B	-0.08%
MOH	F	-0.08%
APG	F	-0.08%
ADC	C	-0.08%
LECO	D	-0.08%
DAR	F	-0.07%
OLLI	C	-0.07%
ESAB	C	-0.07%
GWW	B	-0.07%
ESI	C	-0.07%
MTSI	B	-0.07%
LEA	F	-0.07%
AGCO	D	-0.07%
BPOP	D	-0.07%
SNV	D	-0.07%
RLI	A	-0.07%
R	C	-0.07%
AXS	A	-0.07%
STWD	C	-0.07%
PB	D	-0.07%
IVZ	A	-0.07%
AZPN	A	-0.07%
MSA	F	-0.07%
LFUS	C	-0.07%
CFR	B	-0.07%
OSK	F	-0.07%
CRUS	D	-0.07%
CGNX	F	-0.07%
BIO	B	-0.07%
MTG	A	-0.07%
MKSI	F	-0.07%
LSTR	F	-0.07%
ZION	D	-0.07%
FAF	C	-0.07%
CCCS	D	-0.06%
HXL	F	-0.06%
WLK	C	-0.06%
LNC	B	-0.06%
FOX	B	-0.06%
OMF	D	-0.06%
UGI	C	-0.06%
IDA	D	-0.06%
ST	F	-0.06%
COLB	C	-0.06%
XRAY	D	-0.06%
THG	A	-0.06%
SON	D	-0.06%
TKR	B	-0.06%
PVH	D	-0.06%
NFG	A	-0.06%
WH	C	-0.06%
MDU	C	-0.06%
SIRI	C	-0.06%
SRCL	B	-0.06%
RITM	D	-0.06%
OLN	D	-0.06%
H	B	-0.06%
BC	C	-0.06%
WHR	C	-0.06%
ACHC	F	-0.06%
ALK	C	-0.06%
VMI	B	-0.06%
SN	A	-0.06%
POST	C	-0.06%
RH	C	-0.05%
UHAL	C	-0.05%
AGO	B	-0.05%
LITE	A	-0.05%
AMP	A	-0.05%
DBX	C	-0.05%
PII	D	-0.05%
GAP	F	-0.05%
ASH	F	-0.05%
EEFT	F	-0.05%
FLO	D	-0.05%
SLGN	B	-0.05%
FRPT	A	-0.05%
BYD	B	-0.05%
WTM	C	-0.05%
CUZ	C	-0.05%
DLB	D	-0.05%
OZK	D	-0.05%
KRC	C	-0.05%
AN	D	-0.05%
AL	D	-0.05%
RYN	C	-0.05%
OLED	B	-0.05%
LINE	F	-0.05%
SAIA	D	-0.05%
CPRI	C	-0.05%
PSN	A	-0.05%
SLM	B	-0.05%
AVT	B	-0.05%
FNB	D	-0.05%
WSC	D	-0.05%
ROIV	D	-0.05%
JHG	A	-0.05%
NWL	D	-0.04%
NWS	D	-0.04%
AM	A	-0.04%
NXST	D	-0.04%
AMTM	D	-0.04%
PLNT	B	-0.04%
AMKR	F	-0.04%
NSA	D	-0.04%
IRDM	C	-0.04%
NVST	D	-0.04%
VNOM	A	-0.04%
MAN	D	-0.04%
PRGO	F	-0.04%
MPW	C	-0.04%
HIW	C	-0.04%
LBTYK	C	-0.04%
DNB	D	-0.04%
MSGS	A	-0.04%
LBTYA	C	-0.04%
GTES	C	-0.04%
SMG	C	-0.04%
EPR	C	-0.04%
TPG	A	-0.04%
KMPR	D	-0.04%
TYL	D	-0.04%
NEU	F	-0.04%
CIVI	F	-0.04%
GFS	F	-0.04%
IAC	C	-0.04%
AWI	A	-0.04%
HUN	B	-0.04%
MSM	D	-0.04%
AAP	F	-0.03%
ENOV	F	-0.03%
EXP	C	-0.03%
CRI	D	-0.03%
BOKF	B	-0.03%
QDEL	D	-0.03%
CNXC	F	-0.03%
ULTA	D	-0.03%
LLYVK	B	-0.03%
HHH	C	-0.03%
VIRT	B	-0.03%
AZTA	F	-0.03%
SPB	C	-0.03%
VAC	D	-0.03%
CWEN	C	-0.03%
AGR	C	-0.03%
BRKR	D	-0.03%
CLVT	D	-0.03%
ALGM	F	-0.03%
MASI	B	-0.03%
CXT	F	-0.03%
COLM	B	-0.03%
LOPE	D	-0.03%
SEE	C	-0.03%
FHB	D	-0.03%
CNM	F	-0.03%
WU	D	-0.03%
PK	D	-0.03%
ZG	C	-0.03%
PAG	D	-0.03%
TNL	B	-0.03%
AMED	D	-0.03%
PAYC	D	-0.03%
TRIP	D	-0.02%
WEN	B	-0.02%
INFA	D	-0.02%
FTRE	F	-0.02%
UA	B	-0.02%
UAA	B	-0.02%
GO	F	-0.02%
REYN	D	-0.02%
TER	C	-0.02%
LEG	D	-0.02%
PPC	C	-0.02%
BIRK	F	-0.02%
PSTG	F	-0.02%
VSTS	D	-0.02%
LEN	C	-0.02%
IPGP	D	-0.02%
PINC	F	-0.02%
GLOB	D	-0.02%
ADT	D	-0.02%
LPX	C	-0.02%
JWN	D	-0.02%
BR	B	-0.02%
RCM	B	-0.02%
IONS	F	-0.01%
CHH	A	-0.01%
PLTK	C	-0.01%
UI	B	-0.01%
CACC	F	-0.01%
TFSL	D	-0.01%
SEB	F	-0.01%
PYCR	D	-0.01%
AS	B	-0.01%
CWEN	C	-0.01%
LBRDA	C	-0.01%
LLYVA	B	-0.01%
FIVE	D	-0.01%
MTN	D	-0.01%
DV	F	-0.01%
FWONA	C	-0.01%
ALAB	C	-0.01%
CNA	D	-0.01%
DDS	D	-0.01%
EXEL	B	-0.01%
HAS	A	-0.01%
SNDR	D	-0.01%
SEG	F	-0.0%
LOAR	B	-0.0%
PARAA	D	-0.0%
NFE	F	-0.0%
GRAL	F	-0.0%
LAZ	C	-0.0%
UHAL	C	-0.0%