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

$64.90

Average Daily Volume

52,833

Number of Holdings ^*

1002

* 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

$597.19

Average Daily Volume

44,145,920

Number of Holdings ^*

498

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	SPY
30 Days	-0.63%	2.20%
60 Days	3.31%	6.59%
90 Days	5.25%	8.31%
12 Months	26.66%	34.88%

297 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in SPY	Overlap
A	F	0.21%	0.08%	0.08%
AAPL	C	3.64%	6.75%	3.64%
ABBV	D	0.43%	0.71%	0.43%
ABBV	D	0.19%	0.71%	0.19%
ABNB	C	0.05%	0.12%	0.05%
ABT	C	0.34%	0.4%	0.34%
ACN	C	0.28%	0.44%	0.28%
ADBE	C	0.33%	0.45%	0.33%
ADI	F	0.17%	0.22%	0.17%
ADM	F	0.08%	0.05%	0.05%
ADP	A	0.23%	0.25%	0.23%
ADSK	A	0.01%	0.13%	0.01%
AEP	D	0.16%	0.1%	0.1%
AES	F	0.01%	0.02%	0.01%
AFL	C	0.25%	0.11%	0.11%
ALB	B	0.01%	0.02%	0.01%
ALGN	F	0.01%	0.03%	0.01%
ALL	A	0.15%	0.1%	0.1%
ALLE	D	0.04%	0.02%	0.02%
AMAT	F	0.26%	0.31%	0.26%
AMD	F	0.24%	0.47%	0.24%
AMGN	F	0.23%	0.34%	0.23%
AMT	F	0.16%	0.18%	0.16%
AMZN	A	2.14%	3.86%	2.14%
ANET	C	0.08%	0.22%	0.08%
AON	A	0.08%	0.17%	0.08%
APA	F	0.01%	0.02%	0.01%
APD	B	0.08%	0.14%	0.08%
APH	B	0.01%	0.17%	0.01%
APTV	D	0.0%	0.03%	0.0%
AVGO	C	0.93%	1.67%	0.93%
AXON	B	0.04%	0.07%	0.04%
AXP	B	0.37%	0.33%	0.33%
BA	F	0.11%	0.21%	0.11%
BAC	A	0.5%	0.61%	0.5%
BAX	F	0.06%	0.04%	0.04%
BDX	D	0.17%	0.14%	0.14%
BEN	C	0.05%	0.01%	0.01%
BIIB	F	0.07%	0.05%	0.05%
BK	B	0.19%	0.12%	0.12%
BKNG	A	0.31%	0.33%	0.31%
BKR	B	0.03%	0.08%	0.03%
BLDR	D	0.01%	0.04%	0.01%
BMY	B	0.14%	0.22%	0.14%
BRK.A	B	0.71%	1.71%	0.71%
BSX	A	0.14%	0.25%	0.14%
BX	A	0.06%	0.25%	0.06%
C	A	0.26%	0.26%	0.26%
CAG	F	0.05%	0.03%	0.03%
CARR	C	0.06%	0.13%	0.06%
CAT	C	0.32%	0.4%	0.32%
CB	C	0.26%	0.21%	0.21%
CCL	A	0.02%	0.05%	0.02%
CDNS	B	0.07%	0.16%	0.07%
CEG	D	0.13%	0.15%	0.13%
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	A	0.09%	0.02%	0.02%
CHTR	B	0.11%	0.08%	0.08%
CI	D	0.07%	0.18%	0.07%
CL	F	0.12%	0.15%	0.12%
CLX	A	0.12%	0.04%	0.04%
CMCSA	B	0.19%	0.35%	0.19%
CME	A	0.09%	0.16%	0.09%
CMG	B	0.1%	0.16%	0.1%
CMI	A	0.25%	0.1%	0.1%
CNC	F	0.0%	0.07%	0.0%
COF	B	0.15%	0.15%	0.15%
COP	C	0.18%	0.26%	0.18%
COST	B	0.55%	0.79%	0.55%
CRM	B	0.46%	0.59%	0.46%
CRWD	B	0.08%	0.15%	0.08%
CSCO	A	0.35%	0.46%	0.35%
CSGP	D	0.0%	0.06%	0.0%
CSX	B	0.2%	0.14%	0.14%
CTSH	A	0.13%	0.08%	0.08%
CTVA	C	0.08%	0.09%	0.08%
CVS	F	0.14%	0.15%	0.14%
CVX	B	0.34%	0.53%	0.34%
CZR	F	0.01%	0.02%	0.01%
DD	D	0.08%	0.07%	0.07%
DE	D	0.18%	0.21%	0.18%
DELL	B	0.02%	0.08%	0.02%
DFS	B	0.21%	0.09%	0.09%
DHI	F	0.0%	0.1%	0.0%
DHR	F	0.3%	0.32%	0.3%
DIS	B	0.25%	0.36%	0.25%
DLR	C	0.01%	0.11%	0.01%
DLTR	F	0.04%	0.03%	0.03%
DOC	C	0.05%	0.03%	0.03%
DOW	F	0.06%	0.07%	0.06%
DUK	D	0.1%	0.17%	0.1%
DVN	F	0.01%	0.05%	0.01%
DXCM	C	0.02%	0.05%	0.02%
EA	A	0.0%	0.08%	0.0%
EBAY	C	0.1%	0.06%	0.06%
ECL	C	0.14%	0.12%	0.12%
EIX	C	0.11%	0.06%	0.06%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.18%	0.2%	0.18%
EMR	A	0.2%	0.14%	0.14%
ENPH	F	0.01%	0.02%	0.01%
EOG	A	0.15%	0.14%	0.14%
EPAM	B	0.01%	0.02%	0.01%
EQIX	B	0.04%	0.17%	0.04%
EQR	C	0.06%	0.05%	0.05%
EQT	B	0.0%	0.05%	0.0%
ETN	A	0.23%	0.28%	0.23%
EXC	C	0.06%	0.08%	0.06%
EXPE	B	0.01%	0.04%	0.01%
F	C	0.07%	0.09%	0.07%
FAST	A	0.14%	0.1%	0.1%
FCX	F	0.04%	0.13%	0.04%
FDX	B	0.17%	0.13%	0.13%
FE	D	0.07%	0.04%	0.04%
FI	A	0.05%	0.24%	0.05%
FICO	B	0.02%	0.1%	0.02%
FIS	B	0.01%	0.09%	0.01%
FOXA	A	0.05%	0.02%	0.02%
FSLR	F	0.02%	0.04%	0.02%
FTNT	B	0.02%	0.1%	0.02%
FTV	D	0.06%	0.05%	0.05%
GD	A	0.24%	0.16%	0.16%
GE	C	0.14%	0.39%	0.14%
GEHC	F	0.02%	0.08%	0.02%
GEV	B	0.07%	0.18%	0.07%
GILD	C	0.19%	0.23%	0.19%
GIS	F	0.05%	0.07%	0.05%
GLW	C	0.15%	0.07%	0.07%
GM	A	0.09%	0.12%	0.09%
GNRC	B	0.01%	0.02%	0.01%
GOOG	B	1.11%	1.71%	1.11%
GOOGL	B	1.11%	2.06%	1.11%
GPN	B	0.0%	0.06%	0.0%
GS	B	0.37%	0.37%	0.37%
HAL	C	0.05%	0.05%	0.05%
HCA	D	0.02%	0.13%	0.02%
HD	B	0.53%	0.77%	0.53%
HES	C	0.11%	0.08%	0.08%
HON	B	0.2%	0.28%	0.2%
HPE	B	0.07%	0.06%	0.06%
HPQ	B	0.11%	0.07%	0.07%
HST	C	0.0%	0.03%	0.0%
HSY	D	0.12%	0.05%	0.05%
IBM	C	0.28%	0.39%	0.28%
ICE	D	0.1%	0.18%	0.1%
IDXX	D	0.0%	0.07%	0.0%
IFF	F	0.02%	0.04%	0.02%
INTC	C	0.14%	0.21%	0.14%
INTU	A	0.35%	0.36%	0.35%
IR	A	0.13%	0.08%	0.08%
ISRG	A	0.17%	0.36%	0.17%
ITW	A	0.14%	0.15%	0.14%
JCI	A	0.17%	0.11%	0.11%
JNJ	D	0.4%	0.76%	0.4%
JNPR	D	0.06%	0.03%	0.03%
JPM	B	0.95%	1.4%	0.95%
K	A	0.06%	0.04%	0.04%
KEYS	C	0.13%	0.06%	0.06%
KHC	F	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%	0.18%	0.04%
KMB	F	0.11%	0.09%	0.09%
KMI	B	0.03%	0.1%	0.03%
KO	F	0.29%	0.49%	0.29%
KVUE	B	0.03%	0.09%	0.03%
LDOS	B	0.04%	0.05%	0.04%
LIN	D	0.33%	0.44%	0.33%
LLY	F	0.71%	1.22%	0.71%
LMT	C	0.25%	0.23%	0.23%
LOW	B	0.3%	0.3%	0.3%
LRCX	F	0.07%	0.2%	0.07%
LULU	C	0.02%	0.07%	0.02%
LVS	C	0.04%	0.04%	0.04%
LW	C	0.04%	0.02%	0.02%
LYB	F	0.07%	0.04%	0.04%
MA	B	0.43%	0.86%	0.43%
MCD	C	0.23%	0.42%	0.23%
MCK	A	0.22%	0.14%	0.14%
MCO	C	0.02%	0.14%	0.02%
MDLZ	F	0.05%	0.18%	0.05%
MDT	D	0.23%	0.23%	0.23%
MET	C	0.2%	0.1%	0.1%
META	B	1.45%	2.49%	1.45%
MKC	D	0.11%	0.04%	0.04%
MMC	C	0.17%	0.22%	0.17%
MMM	C	0.11%	0.15%	0.11%
MO	A	0.09%	0.18%	0.09%
MOS	D	0.02%	0.02%	0.02%
MPC	D	0.16%	0.1%	0.1%
MPWR	F	0.03%	0.08%	0.03%
MRK	F	0.32%	0.51%	0.32%
MRNA	F	0.02%	0.03%	0.02%
MRO	B	0.07%	0.03%	0.03%
MS	A	0.31%	0.33%	0.31%
MSFT	C	3.34%	6.23%	3.34%
MTB	B	0.13%	0.07%	0.07%
MTCH	F	0.0%	0.02%	0.0%
MU	D	0.08%	0.25%	0.08%
NCLH	B	0.0%	0.02%	0.0%
NEE	D	0.24%	0.31%	0.24%
NEM	F	0.04%	0.1%	0.04%
NFLX	A	0.35%	0.67%	0.35%
NKE	F	0.18%	0.18%	0.18%
NOC	C	0.17%	0.14%	0.14%
NOW	A	0.15%	0.41%	0.15%
NSC	B	0.17%	0.12%	0.12%
NTAP	D	0.1%	0.05%	0.05%
NUE	C	0.02%	0.08%	0.02%
NVDA	B	4.05%	7.14%	4.05%
NWSA	B	0.01%	0.02%	0.01%
NXPI	F	0.01%	0.12%	0.01%
ODFL	B	0.01%	0.09%	0.01%
ON	F	0.01%	0.06%	0.01%
ORCL	A	0.42%	0.58%	0.42%
ORLY	A	0.22%	0.14%	0.14%
OTIS	C	0.04%	0.08%	0.04%
OXY	D	0.05%	0.07%	0.05%
PANW	A	0.11%	0.25%	0.11%
PARA	C	0.02%	0.01%	0.01%
PCG	A	0.0%	0.09%	0.0%
PEG	C	0.14%	0.08%	0.08%
PEP	D	0.26%	0.45%	0.26%
PFE	F	0.19%	0.31%	0.19%
PG	C	0.45%	0.76%	0.45%
PGR	A	0.17%	0.3%	0.17%
PH	A	0.17%	0.18%	0.17%
PLD	D	0.22%	0.21%	0.21%
PLTR	B	0.11%	0.22%	0.11%
PM	C	0.2%	0.39%	0.2%
PNC	B	0.16%	0.16%	0.16%
PNR	A	0.01%	0.03%	0.01%
PODD	B	0.0%	0.03%	0.0%
PPL	A	0.08%	0.05%	0.05%
PRU	B	0.15%	0.09%	0.09%
PSA	C	0.21%	0.1%	0.1%
PSX	D	0.05%	0.11%	0.05%
PYPL	A	0.14%	0.17%	0.14%
QCOM	F	0.28%	0.38%	0.28%
RCL	A	0.03%	0.11%	0.03%
REG	A	0.0%	0.02%	0.0%
REGN	F	0.1%	0.17%	0.1%
ROST	F	0.17%	0.09%	0.09%
RTX	C	0.33%	0.32%	0.32%
SBUX	B	0.19%	0.22%	0.19%
SCHW	A	0.16%	0.23%	0.16%
SHW	A	0.03%	0.18%	0.03%
SJM	F	0.07%	0.02%	0.02%
SLB	C	0.07%	0.12%	0.07%
SMCI	F	0.01%	0.02%	0.01%
SNPS	B	0.05%	0.17%	0.05%
SO	D	0.07%	0.19%	0.07%
SOLV	D	0.01%	0.02%	0.01%
SPG	B	0.14%	0.11%	0.11%
SPGI	C	0.23%	0.31%	0.23%
STT	B	0.08%	0.06%	0.06%
STX	D	0.07%	0.04%	0.04%
SYF	B	0.06%	0.05%	0.05%
SYK	A	0.19%	0.25%	0.19%
SYY	B	0.12%	0.08%	0.08%
T	A	0.21%	0.32%	0.21%
TDG	B	0.02%	0.15%	0.02%
TGT	C	0.12%	0.14%	0.12%
TJX	B	0.33%	0.26%	0.26%
TMO	F	0.41%	0.43%	0.41%
TMUS	A	0.06%	0.23%	0.06%
TPR	B	0.04%	0.02%	0.02%
TRV	B	0.2%	0.12%	0.12%
TSLA	B	0.89%	1.6%	0.89%
TSN	C	0.07%	0.03%	0.03%
TT	A	0.18%	0.18%	0.18%
TTWO	A	0.0%	0.05%	0.0%
TXN	C	0.39%	0.39%	0.39%
UBER	F	0.13%	0.31%	0.13%
UNH	B	0.67%	1.1%	0.67%
UNP	C	0.27%	0.3%	0.27%
UPS	C	0.11%	0.2%	0.11%
URI	B	0.02%	0.12%	0.02%
USB	A	0.13%	0.16%	0.13%
V	A	0.68%	1.02%	0.68%
VLO	D	0.11%	0.09%	0.09%
VLTO	C	0.04%	0.05%	0.04%
VRTX	B	0.08%	0.25%	0.08%
VTRS	B	0.01%	0.03%	0.01%
VZ	C	0.13%	0.35%	0.13%
WBA	D	0.01%	0.01%	0.01%
WBD	B	0.02%	0.04%	0.02%
WDC	D	0.07%	0.05%	0.05%
WFC	A	0.42%	0.49%	0.42%
WM	A	0.22%	0.16%	0.16%
WMB	B	0.08%	0.13%	0.08%
WMT	A	0.4%	0.72%	0.4%
XOM	B	0.68%	1.07%	0.68%
YUM	B	0.11%	0.08%	0.08%
ZTS	D	0.09%	0.15%	0.09%

SPGM Overweight 705 Positions Relative to SPY

Symbol	Grade	Weight
TSM	C	1.01%
TM	F	0.26%
NVS	F	0.23%
SONY	C	0.21%
BABA	D	0.21%
HSBH	C	0.2%
IBN	C	0.18%
UL	D	0.17%
INFY	C	0.16%
MUFG	A	0.16%
CNI	F	0.13%
ROIC	A	0.12%
RDY	F	0.12%
SHOP	A	0.11%
MELI	D	0.11%
TD	D	0.11%
UMH	C	0.09%
SMFG	B	0.08%
AZN	F	0.08%
TCOM	C	0.08%
CHT	C	0.08%
PDD	F	0.08%
DEO	F	0.07%
NXRT	C	0.07%
BCS	B	0.07%
VRT	B	0.07%
HDB	C	0.07%
VALE	F	0.07%
UMC	F	0.06%
MFG	B	0.06%
DEA	D	0.06%
WIT	B	0.06%
NMR	C	0.05%
STLA	F	0.05%
COIN	B	0.05%
MOD	C	0.05%
LYG	D	0.05%
GOOD	B	0.05%
ITUB	F	0.05%
PKX	F	0.05%
E	F	0.05%
MRVL	B	0.05%
TTD	B	0.05%
MSTR	B	0.04%
AA	C	0.04%
SE	B	0.04%
YUMC	C	0.04%
KB	C	0.04%
AXNX	A	0.03%
FTI	B	0.03%
TEAM	B	0.03%
HMC	F	0.03%
DDOG	B	0.03%
LNW	F	0.03%
ITCI	C	0.03%
WTTR	B	0.03%
TAC	C	0.03%
PBR	D	0.03%
BBD	F	0.03%
NU	B	0.03%
SQ	B	0.03%
HIMS	B	0.03%
LNTH	F	0.03%
BIDU	F	0.03%
NET	B	0.03%
TBBK	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
SNOW	C	0.03%
DX	C	0.03%
DASH	A	0.03%
APP	B	0.03%
INSP	F	0.02%
PLAY	C	0.02%
VERX	B	0.02%
AGYS	B	0.02%
ALLY	C	0.02%
ACEL	B	0.02%
RYTM	B	0.02%
DDD	C	0.02%
VEEV	B	0.02%
TAL	D	0.02%
AFRM	B	0.02%
SRRK	C	0.02%
GGB	B	0.02%
AIV	C	0.02%
PINS	F	0.02%
AZEK	B	0.02%
OII	B	0.02%
SKY	B	0.02%
HUBS	B	0.02%
POWL	B	0.02%
ABEV	D	0.02%
AHH	D	0.02%
ZM	B	0.02%
RBLX	B	0.02%
DKNG	B	0.02%
CHCT	C	0.02%
ZS	B	0.02%
TTGT	B	0.02%
GOLD	F	0.02%
MDB	C	0.02%
TMDX	F	0.02%
CHX	D	0.02%
IIPR	F	0.02%
ADMA	B	0.02%
MT	D	0.02%
HOV	F	0.02%
WDAY	B	0.02%
BABA	D	0.02%
LI	F	0.02%
SHG	D	0.02%
QTWO	A	0.02%
W	F	0.01%
FRO	D	0.01%
BASE	C	0.01%
DMRC	C	0.01%
EVH	F	0.01%
CMPR	D	0.01%
WEAV	B	0.01%
PRCT	C	0.01%
XMTR	B	0.01%
MITK	C	0.01%
ALLO	D	0.01%
ACMR	D	0.01%
AI	B	0.01%
LAZR	C	0.01%
PGC	A	0.01%
DT	C	0.01%
CCO	C	0.01%
M	D	0.01%
NRIX	B	0.01%
TIGR	D	0.01%
CTLP	B	0.01%
WSR	A	0.01%
CLOV	C	0.01%
LC	B	0.01%
LEU	C	0.01%
NR	C	0.01%
AAOI	B	0.01%
PIXY	F	0.01%
DXC	B	0.01%
AUPH	B	0.01%
GDYN	B	0.01%
BILL	A	0.01%
GATO	C	0.01%
CYH	F	0.01%
ZLAB	C	0.01%
RLX	F	0.01%
KOP	C	0.01%
BLBD	F	0.01%
PHI	F	0.01%
KYMR	C	0.01%
EXPI	C	0.01%
PACK	B	0.01%
NOV	C	0.01%
VKTX	D	0.01%
SLP	D	0.01%
ALKT	B	0.01%
PCH	F	0.01%
BCRX	C	0.01%
OMI	F	0.01%
GTLB	B	0.01%
PTEN	C	0.01%
COHR	B	0.01%
SMAR	A	0.01%
KD	A	0.01%
DOCS	B	0.01%
BLFS	C	0.01%
YETI	C	0.01%
ITRI	B	0.01%
VERV	D	0.01%
IDYA	D	0.01%
PCT	C	0.01%
CELH	F	0.01%
VMEO	B	0.01%
PRTA	F	0.01%
CROX	F	0.01%
BTU	B	0.01%
JKS	D	0.01%
CLDX	F	0.01%
ALEX	B	0.01%
IMVT	D	0.01%
LASR	D	0.01%
AGNC	C	0.01%
MGNI	A	0.01%
CIFR	B	0.01%
EFC	C	0.01%
VICR	B	0.01%
RCUS	D	0.01%
TGI	B	0.01%
BGNE	D	0.01%
COLL	F	0.01%
FBK	B	0.01%
PNTG	D	0.01%
CCB	A	0.01%
BBWI	C	0.01%
U	F	0.01%
RIOT	B	0.01%
HASI	F	0.01%
Z	B	0.01%
AMSC	B	0.01%
USLM	B	0.01%
MCB	B	0.01%
PHR	D	0.01%
SEMR	C	0.01%
SRPT	F	0.01%
EXAS	F	0.01%
DQ	C	0.01%
CLNE	C	0.01%
MCRI	A	0.01%
LIND	B	0.01%
PEN	B	0.01%
BZH	D	0.01%
ALNY	D	0.01%
PACB	D	0.01%
DH	D	0.01%
AUR	D	0.01%
OSW	A	0.01%
ULH	B	0.01%
SID	F	0.01%
RDFN	D	0.01%
LOB	C	0.01%
PTCT	B	0.01%
UPST	B	0.01%
MBIN	D	0.01%
PAY	B	0.01%
ROKU	C	0.01%
INMD	B	0.01%
CASH	B	0.01%
XPO	B	0.01%
CLDT	B	0.01%
RNA	B	0.01%
CCS	F	0.01%
RDNT	B	0.01%
SDGR	C	0.01%
AKO.A	F	0.01%
CLSK	C	0.01%
VSTO	A	0.01%
THR	D	0.01%
TREX	C	0.01%
OKTA	C	0.01%
RIVN	D	0.01%
TFIN	B	0.01%
MARA	C	0.01%
FLNG	C	0.01%
GME	C	0.01%
FUTU	C	0.01%
AAON	B	0.01%
FOUR	B	0.01%
PBF	F	0.01%
ENS	D	0.01%
LUMN	B	0.01%
TWST	F	0.01%
CENX	B	0.01%
TME	F	0.01%
LWLG	D	0.01%
SQ	B	0.01%
DOCU	B	0.01%
TREE	D	0.01%
TTI	B	0.01%
GMS	B	0.01%
CPRX	B	0.01%
MNDY	C	0.01%
MRC	B	0.01%
HSTM	A	0.01%
ARWR	C	0.01%
SCCO	F	0.01%
CLBT	C	0.01%
GERN	D	0.01%
ERJ	A	0.01%
INTA	B	0.01%
BHF	B	0.01%
MDGL	C	0.01%
RVLV	B	0.01%
TDOC	C	0.01%
NIO	F	0.01%
KOS	F	0.01%
NBR	C	0.01%
KSS	F	0.01%
TWLO	A	0.01%
MHO	D	0.01%
ABR	B	0.01%
IMXI	B	0.01%
KEX	B	0.01%
DVAX	B	0.01%
GSAT	B	0.01%
LBRDK	C	0.01%
XPEV	B	0.01%
BBIO	F	0.01%
SNAP	C	0.01%
VNT	B	0.01%
CNH	D	0.01%
ORA	C	0.01%
SOFI	B	0.01%
TOST	A	0.01%
ZETA	D	0.01%
PTON	B	0.01%
EPRT	C	0.01%
AKRO	C	0.01%
COMP	B	0.01%
VIPS	F	0.01%
GMRE	D	0.01%
ILMN	C	0.01%
BEKE	C	0.01%
PLMR	C	0.01%
MATX	A	0.01%
TGTX	B	0.01%
GRBK	D	0.01%
RKLB	B	0.01%
TEVA	D	0.01%
MTDR	C	0.01%
DYN	C	0.01%
KRYS	B	0.0%
XPEV	B	0.0%
LI	F	0.0%
SMWB	A	0.0%
AGL	F	0.0%
SCLX	F	0.0%
OEC	D	0.0%
JOBY	C	0.0%
JAMF	F	0.0%
MP	C	0.0%
TH	B	0.0%
BMBL	C	0.0%
CRCT	F	0.0%
DAN	D	0.0%
FLWS	C	0.0%
CGEM	F	0.0%
HDSN	F	0.0%
MGPI	F	0.0%
MLCO	F	0.0%
ZEUS	C	0.0%
FNA	B	0.0%
OVV	C	0.0%
BOC	C	0.0%
SEDG	F	0.0%
PKST	D	0.0%
LGIH	F	0.0%
DENN	C	0.0%
SPRY	C	0.0%
SAGE	F	0.0%
SHEN	F	0.0%
KE	C	0.0%
MLNK	C	0.0%
WOLF	F	0.0%
TPB	A	0.0%
ASTH	F	0.0%
OLPX	F	0.0%
LSCC	D	0.0%
VRE	B	0.0%
MXL	C	0.0%
ITOS	F	0.0%
MAX	F	0.0%
PRVA	B	0.0%
SNCY	B	0.0%
KRNT	B	0.0%
MNSO	C	0.0%
PARR	F	0.0%
RENB	D	0.0%
FLGT	F	0.0%
RGNX	D	0.0%
EYE	D	0.0%
CEVA	B	0.0%
FIGS	F	0.0%
OLO	B	0.0%
CHRD	F	0.0%
MRVI	F	0.0%
PD	C	0.0%
PUMP	D	0.0%
BVN	F	0.0%
GRPN	D	0.0%
ORLA	D	0.0%
HOG	F	0.0%
FSBC	B	0.0%
CRSR	C	0.0%
REPL	C	0.0%
SVC	F	0.0%
HAE	B	0.0%
TMCI	C	0.0%
XPOF	B	0.0%
PFC	B	0.0%
NABL	F	0.0%
VIR	C	0.0%
CECO	D	0.0%
COTY	F	0.0%
GOGO	C	0.0%
HE	F	0.0%
SWBI	D	0.0%
CTKB	B	0.0%
ICHR	C	0.0%
HUMA	F	0.0%
MAT	C	0.0%
SAVA	D	0.0%
ZUO	B	0.0%
IRTC	C	0.0%
CNDT	B	0.0%
SGRY	F	0.0%
LYEL	F	0.0%
BROS	B	0.0%
CAR	C	0.0%
IBP	F	0.0%
MBAVU	C	0.0%
GDS	B	0.0%
CXM	C	0.0%
APLS	F	0.0%
LPRO	B	0.0%
RIG	D	0.0%
LAND	F	0.0%
TLRY	F	0.0%
AOSL	F	0.0%
MDXG	B	0.0%
KRUS	C	0.0%
OLMA	F	0.0%
ELVN	C	0.0%
THRM	F	0.0%
PDFS	C	0.0%
QFIN	C	0.0%
CALX	F	0.0%
THO	B	0.0%
APPN	B	0.0%
NMIH	C	0.0%
DBI	F	0.0%
MQ	F	0.0%
DNOW	B	0.0%
ETNB	D	0.0%
XHR	B	0.0%
NCNO	B	0.0%
LESL	D	0.0%
FBRT	C	0.0%
SHC	D	0.0%
SM	C	0.0%
SHLS	D	0.0%
XPRO	F	0.0%
FDMT	F	0.0%
PUBM	C	0.0%
CEIX	B	0.0%
ENIC	C	0.0%
ATEN	B	0.0%
HURN	B	0.0%
CUBI	B	0.0%
ADUS	D	0.0%
ATEC	C	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
VNET	D	0.0%
UVV	B	0.0%
NVRI	F	0.0%
QTRX	D	0.0%
UCTT	F	0.0%
RXST	F	0.0%
GKOS	A	0.0%
HAYN	A	0.0%
NOVA	F	0.0%
LILAK	F	0.0%
DJT	D	0.0%
DGII	B	0.0%
ATRO	F	0.0%
NARI	C	0.0%
VTLE	C	0.0%
GH	B	0.0%
SABR	B	0.0%
PRO	C	0.0%
STAA	F	0.0%
CHEF	B	0.0%
PENN	B	0.0%
ULCC	B	0.0%
CLF	D	0.0%
MERC	F	0.0%
IDT	B	0.0%
ARLO	D	0.0%
NNDM	F	0.0%
TASK	B	0.0%
LXRX	F	0.0%
NEXT	B	0.0%
S	B	0.0%
AMRK	F	0.0%
HAYW	C	0.0%
KRNY	B	0.0%
EB	C	0.0%
ARQT	B	0.0%
ORIC	C	0.0%
SIBN	D	0.0%
FIVN	C	0.0%
ATHM	F	0.0%
FVRR	B	0.0%
RRC	B	0.0%
NEOG	F	0.0%
TITN	D	0.0%
YY	C	0.0%
HL	D	0.0%
ARRY	C	0.0%
FIZZ	B	0.0%
GLBE	B	0.0%
AR	B	0.0%
SOUN	C	0.0%
LMND	B	0.0%
CDNA	D	0.0%
YMAB	D	0.0%
BIGC	C	0.0%
SITM	B	0.0%
AVNS	F	0.0%
SKE	C	0.0%
VCYT	B	0.0%
VZIO	D	0.0%
GNK	D	0.0%
CYRX	D	0.0%
MNTK	D	0.0%
INDI	C	0.0%
DHC	F	0.0%
ALHC	C	0.0%
CYTK	C	0.0%
HTHT	C	0.0%
ADNT	D	0.0%
METC	C	0.0%
IAS	D	0.0%
NTLA	F	0.0%
WGO	B	0.0%
ARDX	F	0.0%
IOVA	D	0.0%
YOU	D	0.0%
CDMO	B	0.0%
EMBC	B	0.0%
NVCR	B	0.0%
STOK	B	0.0%
FRSH	B	0.0%
RKT	F	0.0%
CFLT	B	0.0%
TNDM	F	0.0%
ENVA	B	0.0%
OSPN	A	0.0%
UWMC	F	0.0%
PCVX	D	0.0%
MEG	F	0.0%
AMC	C	0.0%
ZI	D	0.0%
SIGA	D	0.0%
BRBR	A	0.0%
MTW	C	0.0%
CRMT	F	0.0%
APPF	B	0.0%
NTRA	B	0.0%
FSLY	D	0.0%
IIIV	A	0.0%
BHB	B	0.0%
SANA	F	0.0%
GRAB	A	0.0%
ALT	C	0.0%
TXG	F	0.0%
HRI	B	0.0%
BEAM	C	0.0%
EGBN	B	0.0%
UNIT	C	0.0%
RVNC	F	0.0%
VSCO	B	0.0%
INN	C	0.0%
MOMO	C	0.0%
GDRX	F	0.0%
ELF	C	0.0%
BURL	C	0.0%
NX	C	0.0%
HUYA	F	0.0%
FUBO	D	0.0%
FC	F	0.0%
TRNS	D	0.0%
FROG	C	0.0%
TUYA	F	0.0%
OSCR	F	0.0%
DFH	F	0.0%
BRZE	C	0.0%
WOOF	D	0.0%
INSW	F	0.0%
AXSM	B	0.0%
BXC	B	0.0%
NVAX	F	0.0%
EYPT	D	0.0%
ARCT	F	0.0%
EWCZ	C	0.0%
AX	B	0.0%
ACHR	C	0.0%
ATUS	B	0.0%
DIN	C	0.0%
GXO	B	0.0%
GDOT	C	0.0%
JANX	C	0.0%
TRUP	B	0.0%
AMPS	C	0.0%
CCBG	B	0.0%
LMB	B	0.0%
YEXT	A	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
SNDX	D	0.0%
ETSY	C	0.0%
QNST	C	0.0%
UEC	C	0.0%
VPG	F	0.0%
NUVB	B	0.0%
ACLS	F	0.0%
WRBY	B	0.0%
VRNS	D	0.0%
SAM	B	0.0%
LCID	F	0.0%
LSPD	B	0.0%
KLG	D	0.0%
RXRX	C	0.0%
REZI	A	0.0%
RVMD	B	0.0%
PL	B	0.0%
DCO	B	0.0%
IQ	F	0.0%
CHGX	A	0.0%
NSSC	F	0.0%
ERAS	C	0.0%
CERT	F	0.0%
ACVA	C	0.0%
IIIN	D	0.0%
LYFT	B	0.0%
ANF	D	0.0%
ENFN	B	0.0%
SPT	C	0.0%
DUOL	B	0.0%
PLPC	B	0.0%
NUVL	D	0.0%
SPR	F	0.0%
RLJ	B	0.0%
ATKR	D	0.0%
CIG	C	0.0%
DOCN	D	0.0%
CASS	B	0.0%
CSTL	C	0.0%
RCKT	F	0.0%
JELD	F	0.0%
ALEC	C	0.0%
HCP	A	0.0%
RNG	B	0.0%
IBUY	A	0.0%
VVI	B	0.0%
PRG	B	0.0%
ASPN	F	0.0%
KEP	C	0.0%
SITE	D	0.0%
FATE	F	0.0%
BLND	B	0.0%
JBI	F	0.0%
ARVN	D	0.0%
BYND	F	0.0%
RAMP	C	0.0%
REPX	B	0.0%
NPAB	F	0.0%
PLUG	D	0.0%
MNMD	B	0.0%
RGEN	C	0.0%
PAR	B	0.0%
CARS	B	0.0%
CC	C	0.0%
RPAY	C	0.0%
RLAY	F	0.0%
CIB	D	0.0%
APLD	D	0.0%
PTGX	C	0.0%
ELAN	D	0.0%
WIX	B	0.0%
EVRI	A	0.0%
UPWK	B	0.0%
FLYW	B	0.0%
PATH	C	0.0%
KC	B	0.0%
VRDN	C	0.0%
PAYO	B	0.0%
AMG	B	0.0%
OGN	F	0.0%
PLAB	C	0.0%
RUN	F	0.0%
ASAN	C	0.0%
BE	B	0.0%
CDE	D	0.0%
ENVX	F	0.0%
VITL	F	0.0%
BZ	F	0.0%
FLNC	D	0.0%
DRH	B	0.0%
NVT	B	0.0%
QS	F	0.0%
ROCK	C	0.0%
EXTR	B	0.0%
ROIV	C	0.0%
NEO	B	0.0%
SQM	D	0.0%
KREF	D	0.0%
BJRI	B	0.0%
WRLD	C	0.0%
BOOT	D	0.0%
CHPT	F	0.0%
PHAT	F	0.0%
HSII	B	0.0%
SMR	B	0.0%
EDIT	F	0.0%
WULF	C	0.0%
HEES	B	0.0%
OPEN	F	0.0%
AMR	C	0.0%
LEGH	D	0.0%
SONO	C	0.0%
BILI	C	0.0%

SPGM Underweight 202 Positions Relative to SPY

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