SPGM vs. SPY ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to SPDR S&P 500 (SPY)

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

$65.41

Average Daily Volume

66,875

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$597.53

Average Daily Volume

43,376,391

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	SPY
30 Days	1.77%	3.19%
60 Days	0.75%	4.41%
90 Days	3.63%	6.73%
12 Months	25.75%	33.01%

298 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in SPY	Overlap
A	D	0.2%	0.08%	0.08%
AAPL	B	3.74%	6.89%	3.74%
ABBV	D	0.36%	0.6%	0.36%
ABBV	D	0.19%	0.6%	0.19%
ABNB	C	0.04%	0.12%	0.04%
ABT	B	0.34%	0.4%	0.34%
ACN	B	0.28%	0.45%	0.28%
ADBE	C	0.34%	0.47%	0.34%
ADI	D	0.16%	0.21%	0.16%
ADM	F	0.08%	0.05%	0.05%
ADP	B	0.23%	0.24%	0.23%
ADSK	B	0.01%	0.13%	0.01%
AEP	D	0.16%	0.1%	0.1%
AES	F	0.01%	0.02%	0.01%
AFL	B	0.26%	0.11%	0.11%
ALB	C	0.01%	0.02%	0.01%
ALGN	D	0.01%	0.03%	0.01%
ALL	B	0.16%	0.1%	0.1%
ALLE	D	0.04%	0.02%	0.02%
AMAT	F	0.24%	0.31%	0.24%
AMD	F	0.23%	0.45%	0.23%
AMGN	D	0.21%	0.32%	0.21%
AMT	D	0.16%	0.18%	0.16%
AMZN	C	2.13%	3.92%	2.13%
ANET	C	0.07%	0.2%	0.07%
AON	A	0.08%	0.16%	0.08%
APA	F	0.01%	0.02%	0.01%
APD	A	0.08%	0.14%	0.08%
APH	B	0.01%	0.17%	0.01%
APTV	F	0.0%	0.03%	0.0%
AVGO	D	0.87%	1.58%	0.87%
AXON	B	0.06%	0.09%	0.06%
AXP	A	0.36%	0.32%	0.32%
BA	D	0.1%	0.2%	0.1%
BAC	A	0.53%	0.62%	0.53%
BAX	F	0.05%	0.03%	0.03%
BDX	F	0.16%	0.13%	0.13%
BEN	C	0.05%	0.01%	0.01%
BIIB	F	0.07%	0.05%	0.05%
BK	A	0.19%	0.11%	0.11%
BKNG	B	0.31%	0.33%	0.31%
BKR	C	0.03%	0.09%	0.03%
BLDR	C	0.01%	0.04%	0.01%
BLK	C	0.09%	0.29%	0.09%
BMY	B	0.14%	0.24%	0.14%
BRK.A	B	0.73%	1.7%	0.73%
BSX	C	0.14%	0.26%	0.14%
BX	B	0.06%	0.26%	0.06%
C	A	0.26%	0.26%	0.26%
CAG	D	0.04%	0.03%	0.03%
CARR	C	0.06%	0.13%	0.06%
CAT	B	0.3%	0.37%	0.3%
CB	D	0.27%	0.21%	0.21%
CCL	B	0.02%	0.05%	0.02%
CDNS	B	0.07%	0.16%	0.07%
CEG	D	0.12%	0.14%	0.12%
CF	B	0.02%	0.03%	0.02%
CFG	B	0.02%	0.04%	0.02%
CHD	B	0.07%	0.05%	0.05%
CHRW	C	0.09%	0.03%	0.03%
CHTR	C	0.1%	0.08%	0.08%
CI	D	0.08%	0.18%	0.08%
CL	D	0.13%	0.15%	0.13%
CLX	C	0.12%	0.04%	0.04%
CMCSA	C	0.18%	0.33%	0.18%
CME	A	0.09%	0.16%	0.09%
CMG	B	0.11%	0.16%	0.11%
CMI	A	0.26%	0.1%	0.1%
CNC	F	0.0%	0.06%	0.0%
COF	B	0.15%	0.14%	0.14%
COP	D	0.18%	0.26%	0.18%
COST	B	0.56%	0.81%	0.56%
CRM	B	0.49%	0.64%	0.49%
CRWD	B	0.09%	0.16%	0.09%
CSCO	A	0.36%	0.46%	0.36%
CSGP	C	0.0%	0.06%	0.0%
CSX	B	0.19%	0.14%	0.14%
CTSH	B	0.13%	0.08%	0.08%
CTVA	B	0.07%	0.08%	0.07%
CVS	D	0.13%	0.14%	0.13%
CVX	B	0.35%	0.55%	0.35%
CZR	D	0.01%	0.02%	0.01%
DD	D	0.08%	0.07%	0.07%
DE	B	0.18%	0.2%	0.18%
DELL	C	0.02%	0.08%	0.02%
DFS	B	0.2%	0.09%	0.09%
DHI	D	0.0%	0.1%	0.0%
DHR	D	0.28%	0.31%	0.28%
DIS	B	0.3%	0.39%	0.3%
DLR	A	0.01%	0.11%	0.01%
DLTR	D	0.04%	0.03%	0.03%
DOC	C	0.05%	0.03%	0.03%
DOW	F	0.06%	0.06%	0.06%
DUK	C	0.1%	0.17%	0.1%
DVN	F	0.01%	0.05%	0.01%
DXCM	C	0.02%	0.06%	0.02%
EA	C	0.0%	0.08%	0.0%
EBAY	C	0.1%	0.06%	0.06%
ECL	D	0.14%	0.12%	0.12%
EIX	A	0.12%	0.06%	0.06%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.17%	0.19%	0.17%
EMR	A	0.21%	0.15%	0.15%
ENPH	F	0.01%	0.02%	0.01%
EOG	C	0.16%	0.15%	0.15%
EPAM	C	0.01%	0.03%	0.01%
EQIX	A	0.05%	0.17%	0.05%
EQR	B	0.06%	0.05%	0.05%
EQT	B	0.0%	0.05%	0.0%
ETN	A	0.24%	0.29%	0.24%
EXC	D	0.06%	0.08%	0.06%
EXPE	B	0.01%	0.05%	0.01%
F	C	0.07%	0.09%	0.07%
FAST	B	0.13%	0.09%	0.09%
FCX	F	0.04%	0.12%	0.04%
FDX	B	0.18%	0.13%	0.13%
FE	D	0.07%	0.04%	0.04%
FI	A	0.05%	0.24%	0.05%
FICO	B	0.03%	0.11%	0.03%
FIS	D	0.01%	0.1%	0.01%
FOXA	C	0.05%	0.02%	0.02%
FSLR	F	0.02%	0.04%	0.02%
FTNT	C	0.03%	0.12%	0.03%
FTV	B	0.06%	0.05%	0.05%
GD	F	0.22%	0.15%	0.15%
GE	D	0.14%	0.38%	0.14%
GEHC	F	0.02%	0.08%	0.02%
GEV	C	0.07%	0.18%	0.07%
GILD	B	0.19%	0.23%	0.19%
GIS	D	0.05%	0.07%	0.05%
GLW	B	0.15%	0.07%	0.07%
GM	B	0.09%	0.13%	0.09%
GNRC	B	0.01%	0.02%	0.01%
GOOG	C	1.1%	1.69%	1.1%
GOOGL	C	1.1%	2.04%	1.1%
GPN	C	0.0%	0.06%	0.0%
GS	B	0.38%	0.37%	0.37%
HAL	C	0.05%	0.05%	0.05%
HCA	F	0.02%	0.13%	0.02%
HD	A	0.57%	0.8%	0.57%
HES	C	0.12%	0.08%	0.08%
HON	B	0.22%	0.3%	0.22%
HPE	B	0.07%	0.06%	0.06%
HPQ	B	0.11%	0.07%	0.07%
HST	C	0.0%	0.02%	0.0%
HSY	F	0.11%	0.05%	0.05%
IBM	C	0.27%	0.38%	0.27%
ICE	D	0.1%	0.18%	0.1%
IDXX	F	0.0%	0.07%	0.0%
IFF	D	0.02%	0.05%	0.02%
INTC	C	0.14%	0.21%	0.14%
INTU	C	0.38%	0.39%	0.38%
IR	A	0.13%	0.08%	0.08%
ISRG	C	0.18%	0.38%	0.18%
ITW	A	0.14%	0.14%	0.14%
JCI	C	0.18%	0.11%	0.11%
JNJ	D	0.39%	0.73%	0.39%
JNPR	F	0.06%	0.03%	0.03%
JPM	B	0.95%	1.37%	0.95%
K	A	0.07%	0.04%	0.04%
KEYS	B	0.12%	0.05%	0.05%
KHC	D	0.0%	0.06%	0.0%
KIM	A	0.0%	0.03%	0.0%
KKR	B	0.11%	0.2%	0.11%
KLAC	F	0.04%	0.17%	0.04%
KMB	C	0.11%	0.09%	0.09%
KMI	B	0.03%	0.1%	0.03%
KO	D	0.29%	0.48%	0.29%
KVUE	A	0.04%	0.09%	0.04%
LDOS	D	0.03%	0.04%	0.03%
LIN	D	0.32%	0.43%	0.32%
LLY	F	0.7%	1.23%	0.7%
LMT	D	0.25%	0.23%	0.23%
LOW	C	0.31%	0.31%	0.31%
LRCX	F	0.06%	0.19%	0.06%
LULU	C	0.02%	0.08%	0.02%
LVS	C	0.04%	0.03%	0.03%
LW	C	0.04%	0.02%	0.02%
LYB	F	0.07%	0.04%	0.04%
MA	B	0.43%	0.85%	0.43%
MCD	D	0.23%	0.43%	0.23%
MCK	C	0.25%	0.16%	0.16%
MCO	A	0.02%	0.15%	0.02%
MDLZ	F	0.05%	0.17%	0.05%
MDT	D	0.23%	0.22%	0.22%
MET	A	0.2%	0.1%	0.1%
META	D	1.43%	2.5%	1.43%
MKC	D	0.11%	0.04%	0.04%
MMC	A	0.17%	0.22%	0.17%
MMM	D	0.1%	0.14%	0.1%
MO	A	0.09%	0.19%	0.09%
MOS	F	0.02%	0.02%	0.02%
MPC	F	0.17%	0.11%	0.11%
MPWR	F	0.02%	0.06%	0.02%
MRK	F	0.31%	0.5%	0.31%
MRNA	F	0.01%	0.03%	0.01%
MRO	B	0.07%	0.03%	0.03%
MS	B	0.32%	0.33%	0.32%
MSFT	D	3.35%	6.3%	3.35%
MTB	B	0.13%	0.07%	0.07%
MTCH	F	0.0%	0.02%	0.0%
MU	D	0.07%	0.22%	0.07%
NCLH	B	0.0%	0.02%	0.0%
NEE	D	0.25%	0.31%	0.25%
NEM	F	0.03%	0.09%	0.03%
NFLX	B	0.37%	0.71%	0.37%
NKE	F	0.18%	0.18%	0.18%
NOC	D	0.16%	0.14%	0.14%
NOW	B	0.16%	0.43%	0.16%
NSC	A	0.17%	0.12%	0.12%
NTAP	C	0.1%	0.05%	0.05%
NUE	D	0.02%	0.07%	0.02%
NVDA	C	4.01%	7.17%	4.01%
NWSA	B	0.01%	0.02%	0.01%
NXPI	D	0.01%	0.11%	0.01%
ODFL	B	0.01%	0.08%	0.01%
ON	C	0.01%	0.06%	0.01%
ORCL	C	0.43%	0.59%	0.43%
ORLY	B	0.22%	0.14%	0.14%
OTIS	C	0.04%	0.08%	0.04%
OXY	F	0.05%	0.07%	0.05%
PANW	C	0.11%	0.25%	0.11%
PARA	C	0.02%	0.01%	0.01%
PCG	B	0.0%	0.09%	0.0%
PEG	A	0.15%	0.09%	0.09%
PEP	F	0.26%	0.45%	0.26%
PFE	D	0.17%	0.29%	0.17%
PG	A	0.49%	0.78%	0.49%
PGR	A	0.17%	0.3%	0.17%
PH	A	0.17%	0.18%	0.17%
PLD	D	0.23%	0.21%	0.21%
PLTR	B	0.13%	0.24%	0.13%
PM	B	0.21%	0.4%	0.21%
PNC	A	0.17%	0.16%	0.16%
PNR	B	0.01%	0.03%	0.01%
PODD	B	0.0%	0.04%	0.0%
PPL	B	0.08%	0.05%	0.05%
PRU	A	0.16%	0.09%	0.09%
PSA	C	0.22%	0.1%	0.1%
PSX	C	0.05%	0.11%	0.05%
PYPL	A	0.15%	0.17%	0.15%
QCOM	F	0.27%	0.36%	0.27%
RCL	B	0.04%	0.11%	0.04%
REG	B	0.0%	0.02%	0.0%
REGN	F	0.09%	0.16%	0.09%
ROST	C	0.17%	0.09%	0.09%
RTX	D	0.33%	0.31%	0.31%
SBUX	B	0.2%	0.22%	0.2%
SCHW	A	0.18%	0.24%	0.18%
SHW	A	0.03%	0.18%	0.03%
SJM	D	0.07%	0.02%	0.02%
SLB	C	0.07%	0.12%	0.07%
SMCI	D	0.01%	0.02%	0.01%
SNPS	B	0.04%	0.17%	0.04%
SO	D	0.07%	0.19%	0.07%
SOLV	C	0.01%	0.02%	0.01%
SPG	C	0.15%	0.11%	0.11%
SPGI	C	0.24%	0.32%	0.24%
STT	A	0.08%	0.06%	0.06%
STX	D	0.06%	0.04%	0.04%
SYF	A	0.06%	0.05%	0.05%
SYK	C	0.2%	0.26%	0.2%
SYY	C	0.12%	0.07%	0.07%
T	A	0.21%	0.32%	0.21%
TDG	D	0.01%	0.14%	0.01%
TGT	F	0.12%	0.14%	0.12%
TJX	A	0.35%	0.27%	0.27%
TMO	F	0.38%	0.4%	0.38%
TMUS	A	0.07%	0.23%	0.07%
TPR	A	0.04%	0.03%	0.03%
TRV	B	0.21%	0.12%	0.12%
TSLA	B	1.01%	1.72%	1.01%
TSN	B	0.08%	0.04%	0.04%
TT	B	0.19%	0.18%	0.18%
TTWO	B	0.0%	0.06%	0.0%
TXN	D	0.37%	0.37%	0.37%
UBER	D	0.13%	0.3%	0.13%
UNH	B	0.68%	1.09%	0.68%
UNP	C	0.26%	0.28%	0.26%
UPS	C	0.11%	0.19%	0.11%
URI	B	0.02%	0.11%	0.02%
USB	A	0.12%	0.16%	0.12%
V	A	0.7%	1.02%	0.7%
VLO	C	0.11%	0.09%	0.09%
VLTO	C	0.04%	0.05%	0.04%
VRTX	D	0.07%	0.25%	0.07%
VTRS	B	0.01%	0.03%	0.01%
VZ	B	0.14%	0.34%	0.14%
WBA	D	0.01%	0.01%	0.01%
WBD	C	0.02%	0.04%	0.02%
WDC	C	0.06%	0.04%	0.04%
WFC	A	0.44%	0.49%	0.44%
WM	A	0.22%	0.16%	0.16%
WMB	B	0.08%	0.13%	0.08%
WMT	B	0.41%	0.73%	0.41%
XOM	C	0.68%	1.06%	0.68%
YUM	B	0.11%	0.08%	0.08%
ZTS	D	0.09%	0.16%	0.09%

SPGM Overweight 705 Positions Relative to SPY

Symbol	Grade	Weight
TSM	C	0.99%
TM	D	0.26%
SONY	B	0.22%
NVS	F	0.22%
BABA	D	0.2%
HSBH	B	0.19%
MUFG	B	0.17%
IBN	B	0.17%
INFY	B	0.16%
UL	D	0.16%
SHOP	B	0.14%
CNI	D	0.13%
RDY	D	0.12%
ROIC	A	0.12%
TD	F	0.11%
MELI	C	0.1%
UMH	B	0.09%
AZN	F	0.08%
PDD	F	0.08%
SMFG	A	0.08%
CHT	C	0.08%
BCS	B	0.07%
DEO	F	0.07%
VRT	B	0.07%
MFG	B	0.07%
NXRT	B	0.07%
TCOM	B	0.07%
DEA	D	0.06%
UMC	F	0.06%
COIN	B	0.06%
APP	B	0.06%
WIT	A	0.06%
VALE	F	0.06%
HDB	A	0.06%
STLA	F	0.05%
ITUB	F	0.05%
NMR	B	0.05%
MOD	B	0.05%
GOOD	A	0.05%
MSTR	C	0.05%
LYG	D	0.05%
E	F	0.05%
MRVL	B	0.05%
TTD	B	0.05%
AA	A	0.04%
YUMC	B	0.04%
KB	B	0.04%
SE	B	0.04%
PKX	F	0.04%
HMC	F	0.03%
LNTH	D	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	D	0.03%
TAC	B	0.03%
BIDU	F	0.03%
TEAM	B	0.03%
BBD	F	0.03%
PBR	C	0.03%
NET	B	0.03%
TBBK	B	0.03%
SQ	B	0.03%
CVNA	B	0.03%
BRSP	C	0.03%
DX	B	0.03%
SNOW	C	0.03%
DASH	A	0.03%
VERX	A	0.02%
TGTX	B	0.02%
VEEV	B	0.02%
ACEL	B	0.02%
TOST	B	0.02%
GGB	C	0.02%
OII	B	0.02%
AGYS	B	0.02%
AIV	C	0.02%
AZEK	B	0.02%
IIPR	D	0.02%
AFRM	B	0.02%
GOLD	D	0.02%
ABEV	F	0.02%
SKY	B	0.02%
AHH	D	0.02%
RBLX	C	0.02%
CHCT	C	0.02%
TTGT	C	0.02%
ZM	B	0.02%
TMDX	F	0.02%
DKNG	C	0.02%
MDB	C	0.02%
ZS	C	0.02%
HUBS	B	0.02%
RKLB	B	0.02%
CHX	C	0.02%
HOV	C	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
SHG	D	0.02%
MT	C	0.02%
WDAY	C	0.02%
HIMS	A	0.02%
MITK	C	0.01%
DT	C	0.01%
AI	B	0.01%
LASR	F	0.01%
KYMR	C	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	F	0.01%
SMR	C	0.01%
NR	B	0.01%
ZLAB	C	0.01%
CCO	C	0.01%
FRO	F	0.01%
PGC	B	0.01%
M	D	0.01%
LC	B	0.01%
FLYW	C	0.01%
PCT	C	0.01%
BASE	C	0.01%
ALKT	A	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	F	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	D	0.01%
PACK	C	0.01%
PTEN	C	0.01%
KC	B	0.01%
BTU	C	0.01%
COHR	C	0.01%
U	C	0.01%
ITRI	B	0.01%
PCH	C	0.01%
RLX	C	0.01%
AUPH	B	0.01%
GTLB	C	0.01%
CROX	F	0.01%
COLL	F	0.01%
SMAR	A	0.01%
VMEO	B	0.01%
SRPT	F	0.01%
VICR	B	0.01%
HASI	D	0.01%
CLNE	D	0.01%
ALEX	B	0.01%
PHR	F	0.01%
CIFR	C	0.01%
RDFN	D	0.01%
BGNE	D	0.01%
YETI	C	0.01%
ZETA	D	0.01%
PNTG	D	0.01%
AGNC	D	0.01%
EXAS	F	0.01%
ALNY	D	0.01%
EFC	C	0.01%
DQ	F	0.01%
RCUS	F	0.01%
FBK	B	0.01%
KD	B	0.01%
BBWI	C	0.01%
DOCS	C	0.01%
AUR	B	0.01%
BILL	A	0.01%
SEMR	C	0.01%
RIOT	C	0.01%
CCB	B	0.01%
LWLG	F	0.01%
SID	F	0.01%
TWST	C	0.01%
USLM	B	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	B	0.01%
INMD	C	0.01%
PEN	C	0.01%
OSW	B	0.01%
LOB	B	0.01%
MBIN	F	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	B	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%
AAOI	B	0.01%
SCCO	F	0.01%
TME	F	0.01%
FOUR	B	0.01%
CLDT	C	0.01%
MRC	B	0.01%
PBF	D	0.01%
Z	B	0.01%
RIVN	D	0.01%
CLBT	B	0.01%
NBR	C	0.01%
CLSK	C	0.01%
NIO	F	0.01%
TTI	C	0.01%
CENX	B	0.01%
AKRO	C	0.01%
INTA	B	0.01%
FLNG	B	0.01%
MARA	C	0.01%
GMS	B	0.01%
HSTM	B	0.01%
RDNT	C	0.01%
DOCU	A	0.01%
BHF	B	0.01%
LBRDK	C	0.01%
AAON	B	0.01%
SQ	B	0.01%
TDOC	C	0.01%
GME	C	0.01%
RVLV	B	0.01%
PAY	A	0.01%
SNAP	C	0.01%
UPST	B	0.01%
MHO	C	0.01%
BBIO	D	0.01%
ABR	C	0.01%
GSAT	C	0.01%
CNH	A	0.01%
KOS	F	0.01%
KSS	F	0.01%
ERJ	B	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	C	0.01%
XPEV	C	0.01%
KEX	B	0.01%
ILMN	C	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	D	0.01%
TWLO	B	0.01%
PTON	B	0.01%
VIPS	F	0.01%
COMP	A	0.01%
DDD	C	0.01%
EPRT	B	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%
PINS	F	0.01%
RYTM	C	0.01%
DYN	F	0.01%
SRRK	C	0.01%
MTDR	C	0.01%
SOFI	B	0.01%
POWL	C	0.01%
ALLY	C	0.01%
PLMR	B	0.01%
KRYS	C	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	A	0.0%
JOBY	B	0.0%
CRCT	F	0.0%
TH	C	0.0%
WOLF	F	0.0%
FLWS	D	0.0%
BMBL	C	0.0%
DAN	F	0.0%
CGEM	F	0.0%
MLCO	F	0.0%
SEDG	F	0.0%
ASTH	F	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	C	0.0%
KE	C	0.0%
LGIH	C	0.0%
MLNK	C	0.0%
FLGT	F	0.0%
FIGS	F	0.0%
ITOS	F	0.0%
LSCC	D	0.0%
OLPX	C	0.0%
MXL	C	0.0%
GRPN	F	0.0%
SNCY	C	0.0%
MNSO	F	0.0%
VRE	C	0.0%
PRVA	B	0.0%
FNA	C	0.0%
MAX	F	0.0%
EYE	C	0.0%
RENB	F	0.0%
ORLA	D	0.0%
PUMP	C	0.0%
TPB	B	0.0%
PD	C	0.0%
KRNT	B	0.0%
RGNX	F	0.0%
SVC	F	0.0%
CHRD	F	0.0%
REPL	C	0.0%
VIR	F	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	F	0.0%
CRSR	C	0.0%
SGRY	F	0.0%
OLO	B	0.0%
OLMA	F	0.0%
TMCI	C	0.0%
HUMA	F	0.0%
PFC	B	0.0%
GOGO	C	0.0%
COTY	F	0.0%
MBAVU	D	0.0%
ICHR	C	0.0%
IRTC	C	0.0%
HE	C	0.0%
SWBI	C	0.0%
CNDT	D	0.0%
IBP	C	0.0%
ELVN	D	0.0%
MAT	D	0.0%
ZUO	C	0.0%
LAND	F	0.0%
TLRY	F	0.0%
APLS	D	0.0%
ETNB	C	0.0%
KRUS	C	0.0%
RIG	D	0.0%
LILAK	F	0.0%
SAVA	F	0.0%
CECO	B	0.0%
HAE	B	0.0%
LPRO	C	0.0%
CALX	F	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
APPN	C	0.0%
THRM	D	0.0%
CAR	C	0.0%
GDS	D	0.0%
PDFS	C	0.0%
QFIN	B	0.0%
QTRX	F	0.0%
AOSL	C	0.0%
NMIH	C	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	F	0.0%
THO	B	0.0%
XHR	A	0.0%
DJT	C	0.0%
DBI	F	0.0%
RXST	F	0.0%
FBRT	C	0.0%
NCNO	B	0.0%
ATRO	F	0.0%
MQ	F	0.0%
SM	C	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	C	0.0%
ORIC	D	0.0%
PRO	C	0.0%
TASK	C	0.0%
CHEF	B	0.0%
ARLO	C	0.0%
NNDM	D	0.0%
IDT	B	0.0%
VTLE	C	0.0%
NOVA	F	0.0%
ARDX	F	0.0%
S	B	0.0%
HL	F	0.0%
ALHC	C	0.0%
IAS	C	0.0%
SABR	C	0.0%
SANA	F	0.0%
ULCC	C	0.0%
SKE	C	0.0%
HAYW	B	0.0%
TITN	C	0.0%
ARQT	C	0.0%
NEOG	C	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	C	0.0%
KRNY	C	0.0%
MEG	F	0.0%
SIGA	D	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	B	0.0%
CYTK	F	0.0%
RRC	B	0.0%
PCVX	D	0.0%
GLBE	A	0.0%
RKT	F	0.0%
VCYT	A	0.0%
NVCR	C	0.0%
EMBC	C	0.0%
TXG	F	0.0%
VZIO	A	0.0%
STOK	F	0.0%
ZI	C	0.0%
HTHT	D	0.0%
YY	C	0.0%
SITM	B	0.0%
UWMC	F	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	D	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	C	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	C	0.0%
IIIV	C	0.0%
UNIT	B	0.0%
EVH	F	0.0%
WOOF	D	0.0%
INN	C	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	B	0.0%
NX	C	0.0%
INSW	F	0.0%
TRNS	F	0.0%
OSCR	F	0.0%
ALT	C	0.0%
FROG	C	0.0%
JANX	D	0.0%
ACLS	F	0.0%
INDI	C	0.0%
FRSH	C	0.0%
FATE	F	0.0%
ATUS	C	0.0%
BXC	B	0.0%
QNST	C	0.0%
ERAS	C	0.0%
GXO	B	0.0%
NTRA	B	0.0%
GRAB	B	0.0%
IQ	F	0.0%
ALEC	F	0.0%
RCKT	F	0.0%
BRZE	C	0.0%
AX	B	0.0%
VSCO	B	0.0%
DIN	C	0.0%
FUBO	C	0.0%
AXSM	B	0.0%
BURL	B	0.0%
TUYA	D	0.0%
RXRX	F	0.0%
VPG	F	0.0%
ETSY	D	0.0%
CCBG	B	0.0%
LMB	B	0.0%
ATKR	C	0.0%
BYND	F	0.0%
LCID	F	0.0%
RVMD	B	0.0%
CERT	D	0.0%
CSTL	D	0.0%
ESTC	C	0.0%
PFSI	C	0.0%
VRNS	D	0.0%
ARVN	F	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	B	0.0%
VITL	F	0.0%
DCO	B	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%
SPR	D	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	C	0.0%
ENFN	B	0.0%
IBUY	A	0.0%
LSPD	C	0.0%
ANF	C	0.0%
RLJ	C	0.0%
PRG	B	0.0%
PTGX	C	0.0%
RUN	F	0.0%
ACVA	B	0.0%
HCP	B	0.0%
WRBY	B	0.0%
RPAY	C	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	D	0.0%
EDIT	F	0.0%
KEP	B	0.0%
VVI	B	0.0%
REZI	B	0.0%
PL	B	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%
ENVX	F	0.0%
RAMP	C	0.0%
OGN	F	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%
APLD	B	0.0%
DRH	B	0.0%
KREF	D	0.0%
LYFT	C	0.0%
EXTR	C	0.0%
ROIV	B	0.0%
PAYO	B	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	C	0.0%
NEO	C	0.0%
ASAN	C	0.0%
FLNC	C	0.0%
PAR	A	0.0%
BJRI	B	0.0%
REPX	B	0.0%
NRIX	D	0.0%
LEGH	C	0.0%
PRCT	B	0.0%
CARS	B	0.0%
TIGR	F	0.0%
AMR	C	0.0%
WIX	A	0.0%
ELAN	F	0.0%
SONO	C	0.0%
CDE	D	0.0%
SQM	F	0.0%
W	D	0.0%
MNMD	C	0.0%
VERV	F	0.0%
HEES	B	0.0%
WEAV	B	0.0%
XMTR	C	0.0%
CMPR	C	0.0%

SPGM Underweight 202 Positions Relative to SPY

Symbol	Grade	Weight
MSI	C	-0.16%
CTAS	B	-0.15%
WELL	C	-0.15%
OKE	C	-0.13%
AJG	A	-0.13%
MAR	A	-0.13%
PCAR	B	-0.12%
ROP	B	-0.12%
HLT	A	-0.12%
TFC	B	-0.12%
AZO	C	-0.11%
AMP	B	-0.11%
SRE	A	-0.11%
AIG	B	-0.1%
O	D	-0.1%
CPRT	A	-0.1%
GWW	A	-0.1%
CCI	D	-0.09%
AME	A	-0.09%
HWM	B	-0.09%
PAYX	B	-0.09%
LHX	C	-0.09%
D	C	-0.09%
VST	B	-0.09%
MSCI	C	-0.09%
PWR	A	-0.09%
STZ	D	-0.08%
XEL	A	-0.08%
KR	A	-0.08%
MNST	B	-0.08%
CBRE	B	-0.08%
EW	C	-0.08%
VRSK	A	-0.08%
LEN	C	-0.08%
IT	C	-0.08%
DAL	B	-0.08%
TRGP	B	-0.08%
COR	C	-0.08%
RSG	A	-0.08%
VICI	C	-0.07%
ED	D	-0.07%
IRM	C	-0.07%
RMD	C	-0.07%
HUM	C	-0.07%
HIG	B	-0.07%
FANG	F	-0.07%
WAB	B	-0.07%
EXR	C	-0.07%
IQV	F	-0.07%
MCHP	F	-0.07%
MLM	B	-0.07%
VMC	B	-0.07%
ACGL	D	-0.07%
KDP	D	-0.07%
DOV	A	-0.06%
NVR	D	-0.06%
PPG	D	-0.06%
XYL	D	-0.06%
CAH	B	-0.06%
RJF	A	-0.06%
ANSS	B	-0.06%
TSCO	C	-0.06%
UAL	B	-0.06%
WEC	A	-0.06%
ETR	B	-0.06%
WTW	B	-0.06%
FITB	B	-0.06%
NDAQ	A	-0.06%
AVB	B	-0.06%
EFX	D	-0.06%
ROK	B	-0.06%
GRMN	A	-0.06%
PTC	A	-0.05%
CINF	A	-0.05%
SBAC	D	-0.05%
HUBB	B	-0.05%
AEE	A	-0.05%
RF	B	-0.05%
CDW	F	-0.05%
WST	C	-0.05%
DTE	C	-0.05%
SW	B	-0.05%
HBAN	B	-0.05%
CPAY	A	-0.05%
AWK	D	-0.05%
BRO	B	-0.05%
GDDY	B	-0.05%
MTD	F	-0.05%
TYL	A	-0.05%
VTR	D	-0.05%
BR	A	-0.05%
TROW	A	-0.05%
PHM	C	-0.05%
DECK	A	-0.05%
J	F	-0.04%
KEY	A	-0.04%
WRB	A	-0.04%
MOH	F	-0.04%
BBY	D	-0.04%
HOLX	D	-0.04%
ULTA	F	-0.04%
MAA	B	-0.04%
PFG	C	-0.04%
CTRA	B	-0.04%
BALL	D	-0.04%
FDS	B	-0.04%
SNA	A	-0.04%
NRG	C	-0.04%
INVH	D	-0.04%
LUV	B	-0.04%
ESS	B	-0.04%
CNP	A	-0.04%
IP	B	-0.04%
STLD	B	-0.04%
LH	B	-0.04%
DRI	B	-0.04%
CMS	C	-0.04%
LYV	A	-0.04%
ZBRA	A	-0.04%
OMC	C	-0.04%
CBOE	B	-0.04%
PKG	B	-0.04%
NTRS	A	-0.04%
STE	F	-0.04%
ES	D	-0.04%
ZBH	C	-0.04%
TDY	B	-0.04%
WAT	B	-0.04%
ATO	A	-0.04%
WY	D	-0.04%
CPT	B	-0.03%
SWK	D	-0.03%
UDR	B	-0.03%
AKAM	F	-0.03%
SWKS	F	-0.03%
POOL	C	-0.03%
NDSN	B	-0.03%
ROL	B	-0.03%
FFIV	A	-0.03%
RVTY	D	-0.03%
EVRG	A	-0.03%
JBL	C	-0.03%
AMCR	D	-0.03%
JBHT	C	-0.03%
L	B	-0.03%
LNT	A	-0.03%
DPZ	C	-0.03%
VRSN	F	-0.03%
EG	C	-0.03%
AVY	D	-0.03%
TXT	D	-0.03%
NI	A	-0.03%
GEN	A	-0.03%
ARE	D	-0.03%
DG	F	-0.03%
EXPD	C	-0.03%
GPC	D	-0.03%
TRMB	B	-0.03%
MAS	C	-0.03%
IEX	B	-0.03%
TER	F	-0.03%
DGX	B	-0.03%
HII	F	-0.02%
BWA	C	-0.02%
IVZ	B	-0.02%
CE	F	-0.02%
HAS	D	-0.02%
HSIC	B	-0.02%
RL	B	-0.02%
FRT	A	-0.02%
MGM	F	-0.02%
WYNN	D	-0.02%
CPB	D	-0.02%
AOS	D	-0.02%
HRL	D	-0.02%
TFX	F	-0.02%
GL	C	-0.02%
MKTX	D	-0.02%
ERIE	D	-0.02%
CRL	C	-0.02%
LKQ	D	-0.02%
PNW	B	-0.02%
CTLT	B	-0.02%
PAYC	A	-0.02%
IPG	C	-0.02%
TAP	C	-0.02%
AIZ	B	-0.02%
TECH	C	-0.02%
BXP	D	-0.02%
EMN	D	-0.02%
UHS	D	-0.02%
DAY	A	-0.02%
KMX	B	-0.02%
INCY	C	-0.02%
BG	F	-0.02%
JKHY	D	-0.02%
NWS	B	-0.01%
FOX	B	-0.01%
QRVO	F	-0.01%
FMC	D	-0.01%
DVA	B	-0.01%
MHK	D	-0.01%