SPGM vs. QEMM ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$64.01

Average Daily Volume

2,545

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	QEMM
30 Days	4.41%	8.02%
60 Days	11.77%	13.02%
90 Days	4.41%	7.42%
12 Months	32.74%	25.73%

49 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in QEMM	Overlap
ABEV	B	0.02%	0.02%	0.02%
ABEV	B	0.02%	0.29%	0.02%
ATHM	B	0.0%	0.01%	0.0%
BABA	A	0.23%	0.04%	0.04%
BABA	A	0.03%	0.74%	0.03%
BABA	A	0.23%	0.74%	0.23%
BABA	A	0.03%	0.04%	0.03%
BEKE	A	0.01%	0.02%	0.01%
BGNE	A	0.01%	0.01%	0.01%
BIDU	C	0.03%	0.1%	0.03%
BVN	D	0.0%	0.11%	0.0%
CHT	C	0.09%	0.49%	0.09%
CIB	D	0.0%	0.01%	0.0%
CIG	C	0.0%	0.01%	0.0%
ENIC	D	0.0%	0.0%	0.0%
GGB	B	0.02%	0.05%	0.02%
HDB	D	0.07%	0.25%	0.07%
IBN	C	0.18%	0.14%	0.14%
IBN	C	0.18%	0.15%	0.15%
INFY	B	0.16%	1.07%	0.16%
IQ	D	0.0%	0.0%	0.0%
ITUB	D	0.05%	0.16%	0.05%
KB	D	0.04%	0.2%	0.04%
KB	D	0.04%	0.08%	0.04%
KEP	F	0.0%	0.05%	0.0%
KEP	F	0.0%	0.08%	0.0%
LI	C	0.02%	0.02%	0.02%
LI	C	0.0%	0.02%	0.0%
NIO	C	0.01%	0.0%	0.0%
PBR	B	0.03%	0.16%	0.03%
PDD	B	0.09%	1.42%	0.09%
PKX	D	0.06%	0.11%	0.06%
QFIN	A	0.0%	0.1%	0.0%
RDY	D	0.13%	0.18%	0.13%
SCCO	B	0.01%	0.29%	0.01%
SHG	D	0.03%	0.25%	0.03%
SHG	D	0.03%	0.03%	0.03%
SID	D	0.01%	0.02%	0.01%
SQM	D	0.01%	0.01%	0.01%
TCOM	A	0.07%	0.05%	0.05%
TME	B	0.01%	0.02%	0.01%
UMC	D	0.07%	0.11%	0.07%
VALE	D	0.08%	0.04%	0.04%
VALE	D	0.08%	1.31%	0.08%
VIPS	B	0.01%	0.18%	0.01%
WIT	C	0.06%	0.23%	0.06%
XPEV	C	0.01%	0.01%	0.01%
XPEV	C	0.0%	0.01%	0.0%
YUMC	B	0.04%	0.08%	0.04%

SPGM Overweight 960 Positions Relative to QEMM

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%
AFL	A	0.25%
SPGI	C	0.24%
MS	A	0.24%
SONY	C	0.23%
A	B	0.23%
GD	C	0.23%
MDT	C	0.23%
CMI	A	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%
ROST	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%
BK	A	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%
DFS	A	0.16%
ISRG	C	0.16%
TEL	D	0.16%
FDX	F	0.16%
AEP	C	0.16%
VZ	C	0.15%
PRU	B	0.15%
PNC	C	0.15%
GE	B	0.15%
ALL	A	0.15%
PH	A	0.15%
SPG	A	0.14%
BSX	A	0.14%
NOW	B	0.14%
CNI	D	0.14%
GLW	C	0.14%
CEG	A	0.14%
SCHW	D	0.14%
CL	D	0.14%
ECL	C	0.14%
PEG	A	0.14%
EOG	B	0.14%
MUFG	D	0.14%
CVS	D	0.14%
CTSH	B	0.13%
SYY	D	0.13%
TD	B	0.13%
KEYS	B	0.13%
HSY	D	0.13%
UBER	C	0.13%
ITW	C	0.13%
INTC	D	0.13%
PYPL	A	0.13%
FAST	C	0.12%
MKC	C	0.12%
CLX	C	0.12%
COF	A	0.12%
EIX	C	0.12%
IR	A	0.12%
REGN	D	0.12%
BMY	A	0.12%
TGT	C	0.12%
EBAY	A	0.11%
HPQ	B	0.11%
MELI	D	0.11%
HES	D	0.11%
UPS	D	0.11%
VLO	F	0.11%
MMM	C	0.11%
MTB	A	0.11%
USB	C	0.11%
YUM	C	0.11%
KMB	D	0.11%
NTAP	D	0.1%
CMG	C	0.1%
ZTS	C	0.1%
DUK	C	0.1%
ROIC	C	0.1%
SHOP	B	0.1%
BA	F	0.1%
CHTR	D	0.09%
CHRW	C	0.09%
CME	A	0.09%
UMH	D	0.09%
ADM	F	0.09%
AZN	D	0.09%
PANW	B	0.09%
GM	D	0.08%
CTVA	A	0.08%
APD	C	0.08%
LYB	B	0.08%
SJM	D	0.08%
DEO	C	0.08%
PPL	C	0.08%
MO	D	0.08%
BLK	A	0.08%
CI	D	0.08%
BIIB	F	0.08%
DD	C	0.08%
K	B	0.07%
NXRT	D	0.07%
EXC	C	0.07%
HPE	B	0.07%
WMB	A	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%
WDC	C	0.07%
CHD	D	0.07%
LRCX	D	0.07%
PLTR	A	0.07%
AON	A	0.07%
VRTX	D	0.07%
STT	A	0.07%
FE	C	0.07%
VGR	B	0.07%
DOW	B	0.07%
CRWD	D	0.07%
SO	A	0.07%
MU	D	0.07%
TSN	D	0.07%
STLA	F	0.06%
LYG	C	0.06%
TMUS	A	0.06%
EQR	C	0.06%
MDLZ	D	0.06%
GIS	C	0.06%
BCS	B	0.06%
BAX	D	0.06%
DEA	D	0.06%
FTV	C	0.06%
JNPR	C	0.06%
CDNS	D	0.06%
MRO	B	0.06%
CARR	A	0.06%
NMR	F	0.05%
VLTO	A	0.05%
HAL	D	0.05%
GOOD	A	0.05%
BEN	F	0.05%
TTD	A	0.05%
FCX	B	0.05%
FOXA	B	0.05%
OXY	D	0.05%
DOC	C	0.05%
GEV	A	0.05%
E	C	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	B	0.05%
LNTH	C	0.04%
LW	D	0.04%
COIN	F	0.04%
TPR	B	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	C	0.04%
SYF	A	0.04%
SQ	D	0.03%
IFF	D	0.03%
LNW	F	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	B	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%
BBD	C	0.03%
HMC	D	0.03%
MPWR	B	0.03%
AA	B	0.03%
LDOS	A	0.03%
SHW	C	0.03%
DX	D	0.03%
KVUE	C	0.03%
VEEV	C	0.02%
BLDR	C	0.02%
NUE	D	0.02%
TDG	A	0.02%
ACEL	C	0.02%
PINS	D	0.02%
GRBK	C	0.02%
RBLX	D	0.02%
HUBS	D	0.02%
MCO	D	0.02%
TTGT	F	0.02%
ZM	B	0.02%
PARA	F	0.02%
DYN	D	0.02%
AIV	D	0.02%
AZEK	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%
CFG	C	0.02%
WBD	F	0.02%
MDB	D	0.02%
URI	C	0.02%
MOS	F	0.02%
CHX	C	0.02%
FSLR	C	0.02%
DKNG	C	0.02%
DELL	C	0.02%
CF	A	0.02%
FICO	C	0.02%
QTWO	B	0.02%
WTTR	B	0.02%
ADMA	A	0.02%
GOLD	C	0.02%
SMCI	F	0.02%
CVNA	A	0.02%
HIMS	C	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	B	0.02%
GEHC	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%
M	D	0.01%
WSR	C	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%
OGN	F	0.01%
CDE	C	0.01%
DXC	C	0.01%
QS	F	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%
COHR	B	0.01%
OPEN	F	0.01%
LCID	F	0.01%
IDXX	D	0.01%
PACK	F	0.01%
NOV	F	0.01%
LIND	C	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	D	0.01%
DLR	C	0.01%
BCRX	D	0.01%
EVH	D	0.01%
KD	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%
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	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%
W	C	0.01%
RCUS	D	0.01%
CLSK	F	0.01%
CELH	F	0.01%
CENX	C	0.01%
YETI	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%
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	B	0.01%
LUMN	C	0.01%
U	D	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%
CZR	B	0.01%
VSTO	B	0.01%
COLL	A	0.01%
HASI	B	0.01%
ADSK	B	0.01%
TWLO	B	0.01%
RVLV	C	0.01%
PHR	F	0.01%
NBR	D	0.01%
LOB	B	0.01%
ALNY	C	0.01%
FUTU	A	0.01%
AAON	A	0.01%
MARA	F	0.01%
SOFI	C	0.01%
FOUR	A	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	B	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	D	0.01%
GME	D	0.01%
CLDT	D	0.01%
CLBT	B	0.01%
LBRDK	C	0.01%
THR	F	0.01%
HSTM	B	0.01%
MBIN	C	0.01%
CROX	C	0.01%
GMS	B	0.01%
AES	C	0.01%
ARWR	F	0.01%
ENS	B	0.01%
EXAS	C	0.01%
PBF	F	0.01%
TWST	D	0.01%
TDOC	D	0.01%
RDFN	C	0.01%
FIS	A	0.01%
APA	F	0.01%
EPAM	F	0.01%
AKRO	D	0.01%
AKO.A	D	0.01%
CCS	C	0.01%
FLNG	B	0.01%
VNT	F	0.01%
RKLB	B	0.01%
DVAX	F	0.01%
ERJ	C	0.01%
TOST	B	0.01%
RIVN	F	0.01%
VERX	B	0.01%
NWSA	D	0.01%
GERN	D	0.01%
SNAP	D	0.01%
TREE	C	0.01%
POWL	B	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%
APH	D	0.01%
TGTX	D	0.01%
MHO	C	0.01%
ABR	C	0.01%
MTDR	D	0.01%
CNH	C	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	A	0.01%
EPRT	C	0.01%
ENPH	F	0.01%
DVN	F	0.01%
GMRE	C	0.01%
ALLY	F	0.01%
TEVA	D	0.01%
AGYS	D	0.01%
INSP	C	0.01%
ON	F	0.01%
WBA	F	0.01%
TAL	C	0.01%
DXCM	F	0.01%
ICE	A	0.01%
OII	D	0.01%
CCL	C	0.01%
KRYS	D	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%
MP	C	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	D	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%
LSCC	D	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%
DJT	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%
CHRD	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%
APTV	D	0.0%
CRSR	D	0.0%
RENB	F	0.0%
GOGO	F	0.0%
ZUO	F	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%
HOG	D	0.0%
ICHR	D	0.0%
ELVN	A	0.0%
CAR	D	0.0%
BROS	F	0.0%
MAT	B	0.0%
GDS	B	0.0%
HUMA	F	0.0%
MAX	C	0.0%
NCNO	F	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%
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%
COTY	F	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%
THO	C	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%
SHC	C	0.0%
GKOS	B	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	B	0.0%
FVRR	D	0.0%
HAYW	C	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%
RRC	D	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%
AR	C	0.0%
NNDM	C	0.0%
FRSH	F	0.0%
METC	D	0.0%
CYTK	D	0.0%
DHI	C	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%
ZI	F	0.0%
AMRK	C	0.0%
YY	C	0.0%
MTW	F	0.0%
BIGC	F	0.0%
OSPN	D	0.0%
BRBR	A	0.0%
SIGA	F	0.0%
HTHT	B	0.0%
AX	D	0.0%
ARRY	F	0.0%
ALT	F	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%
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	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%
RKT	D	0.0%
DHC	C	0.0%
ATUS	C	0.0%
ERAS	D	0.0%
KIM	C	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%
TTWO	D	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	B	0.0%
SAM	D	0.0%
XMTR	F	0.0%
UPWK	D	0.0%
VVI	B	0.0%
TUYA	C	0.0%
TRNS	D	0.0%
HST	D	0.0%
TELL	B	0.0%
RNG	F	0.0%
SANA	F	0.0%
PCG	C	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%
MTCH	B	0.0%
IBUY	A	0.0%
SPT	F	0.0%
ETSY	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%
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	D	0.0%
EQT	C	0.0%
CERT	F	0.0%
CSGP	F	0.0%
NUVL	B	0.0%
TIGR	A	0.0%
PRG	C	0.0%
HSII	D	0.0%
HCP	A	0.0%
PGC	B	0.0%
OSCR	C	0.0%
SPR	D	0.0%
RAMP	F	0.0%
ASAN	F	0.0%
CHGX	A	0.0%
DOCN	B	0.0%
RCKT	F	0.0%
RPAY	F	0.0%
LC	D	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	B	0.0%
CIFR	C	0.0%
DMRC	D	0.0%
PRCT	D	0.0%
RGEN	F	0.0%
CARS	F	0.0%
GPN	F	0.0%
CC	D	0.0%
AMG	B	0.0%
VRDN	B	0.0%
NVT	C	0.0%
WRLD	F	0.0%
EXTR	D	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	C	0.0%
NVAX	C	0.0%
NEO	F	0.0%
BYND	D	0.0%
EA	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%
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	C	0.0%
BILI	B	0.0%
ENVX	D	0.0%
RIOT	F	0.0%
NOVA	F	0.0%
ELAN	D	0.0%
AMR	F	0.0%
KREF	C	0.0%
LEGH	D	0.0%
APLD	C	0.0%

SPGM Underweight 15 Positions Relative to QEMM

Symbol	Grade	Weight
BAP	A	-0.22%
SKM	C	-0.18%
KT	C	-0.07%
LEGN	F	-0.06%
SBSW	C	-0.04%
SBS	D	-0.03%
CSAN	D	-0.03%
SUZ	D	-0.03%
LPL	D	-0.03%
LPL	D	-0.02%
ASAI	F	-0.02%
UGP	F	-0.02%
BSAC	D	-0.01%
VIV	C	-0.01%
BCH	D	-0.01%