SPGM vs. VFQY ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Vanguard U.S. Quality Factor ETF (VFQY)

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

$60.78

Average Daily Volume

72,941

Number of Holdings ^*

960

* may have additional holdings in another (foreign) market

VFQY

Vanguard U.S. Quality Factor ETF

VFQY Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong fundamentals as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$137.05

Average Daily Volume

8,265

Number of Holdings ^*

353

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	VFQY
30 Days	-0.69%	4.03%
60 Days	1.99%	4.95%
90 Days	4.34%	8.08%
12 Months	16.87%	18.42%

130 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in VFQY	Overlap
AAPL	C	3.87%	1.5%	1.5%
ABBV	A	0.42%	1.59%	0.42%
ABBV	A	0.19%	1.59%	0.19%
ACLS	F	0.01%	0.1%	0.01%
ACN	C	0.27%	0.28%	0.27%
ADBE	B	0.39%	1.56%	0.39%
ADP	A	0.21%	0.51%	0.21%
ADSK	C	0.01%	1.46%	0.01%
AFL	A	0.23%	0.45%	0.23%
ALGN	F	0.01%	0.07%	0.01%
AMAT	D	0.34%	1.1%	0.34%
AMR	F	0.01%	0.03%	0.01%
AMZN	D	2.01%	0.32%	0.32%
ANF	D	0.0%	0.27%	0.0%
AON	B	0.07%	0.15%	0.07%
APPF	D	0.0%	0.15%	0.0%
ARLO	C	0.0%	0.1%	0.0%
ATEN	F	0.0%	0.14%	0.0%
ATKR	F	0.01%	0.11%	0.01%
AX	C	0.0%	0.38%	0.0%
AXP	A	0.33%	0.61%	0.33%
BHF	B	0.01%	0.14%	0.01%
BKNG	D	0.24%	0.03%	0.03%
BLBD	D	0.01%	0.24%	0.01%
BLDR	C	0.01%	0.58%	0.01%
BMY	B	0.13%	1.82%	0.13%
BXC	C	0.0%	0.22%	0.0%
CASH	B	0.01%	0.33%	0.01%
CAT	C	0.29%	0.4%	0.29%
CDNS	F	0.06%	0.38%	0.06%
CEIX	D	0.0%	0.1%	0.0%
CFG	B	0.02%	0.23%	0.02%
CHRW	A	0.08%	0.6%	0.08%
CHX	C	0.02%	0.5%	0.02%
COST	D	0.57%	0.72%	0.57%
CPRX	B	0.01%	0.03%	0.01%
CSCO	C	0.31%	0.6%	0.31%
CUBI	C	0.0%	0.21%	0.0%
DKNG	F	0.02%	0.05%	0.02%
DLTR	F	0.07%	0.34%	0.07%
DNOW	B	0.0%	0.02%	0.0%
DOCU	D	0.01%	0.3%	0.01%
DUOL	F	0.0%	0.1%	0.0%
EA	A	0.0%	0.31%	0.0%
EBAY	A	0.09%	0.42%	0.09%
ECL	B	0.14%	0.36%	0.14%
ELF	D	0.01%	0.21%	0.01%
ENPH	F	0.02%	0.25%	0.02%
EOG	C	0.16%	0.5%	0.16%
EXPE	D	0.01%	0.42%	0.01%
EXTR	D	0.0%	0.23%	0.0%
FAST	C	0.12%	0.71%	0.12%
FC	B	0.0%	0.11%	0.0%
FIZZ	C	0.0%	0.19%	0.0%
FTNT	F	0.02%	0.02%	0.02%
GILD	B	0.17%	1.41%	0.17%
GMS	C	0.01%	0.18%	0.01%
GOOGL	D	1.12%	0.17%	0.17%
HAE	C	0.0%	0.13%	0.0%
HSY	B	0.14%	0.12%	0.12%
IDT	C	0.0%	0.16%	0.0%
IDXX	D	0.01%	1.4%	0.01%
JNJ	B	0.43%	0.49%	0.43%
K	A	0.05%	0.18%	0.05%
KD	C	0.01%	0.31%	0.01%
KEYS	F	0.12%	0.02%	0.02%
KLAC	D	0.06%	1.63%	0.06%
KMB	B	0.12%	0.14%	0.12%
KO	A	0.33%	0.12%	0.12%
LLY	D	0.79%	0.7%	0.7%
LNTH	C	0.04%	0.25%	0.04%
LRCX	F	0.08%	1.38%	0.08%
LSCC	F	0.0%	0.06%	0.0%
LULU	F	0.02%	1.34%	0.02%
M	D	0.01%	0.31%	0.01%
MA	C	0.38%	0.18%	0.18%
MAT	B	0.0%	0.49%	0.0%
MCO	A	0.02%	0.07%	0.02%
MCRI	B	0.01%	0.11%	0.01%
META	C	1.28%	0.52%	0.52%
MMM	A	0.11%	1.94%	0.11%
MPC	C	0.19%	0.69%	0.19%
MPWR	C	0.03%	0.08%	0.03%
MRC	B	0.01%	0.07%	0.01%
MRK	F	0.43%	0.83%	0.43%
NKE	F	0.18%	1.56%	0.18%
NMIH	C	0.0%	0.06%	0.0%
NSSC	B	0.01%	0.03%	0.01%
NTAP	C	0.11%	0.5%	0.11%
NUE	F	0.02%	0.32%	0.02%
NVDA	D	3.37%	0.88%	0.88%
ODFL	B	0.01%	0.13%	0.01%
OII	B	0.02%	0.03%	0.02%
ON	D	0.01%	0.13%	0.01%
OSUR	D	0.0%	0.08%	0.0%
OXY	F	0.06%	0.57%	0.06%
PEP	B	0.3%	0.91%	0.3%
PG	B	0.51%	0.26%	0.26%
PINS	F	0.02%	0.13%	0.02%
PLAB	F	0.0%	0.21%	0.0%
PLMR	B	0.01%	0.16%	0.01%
POWL	C	0.01%	0.08%	0.01%
PYPL	C	0.11%	0.47%	0.11%
QCOM	D	0.31%	1.6%	0.31%
ROKU	D	0.01%	0.09%	0.01%
ROST	D	0.18%	0.9%	0.18%
RRC	F	0.0%	0.07%	0.0%
SAM	F	0.0%	0.1%	0.0%
SCHW	F	0.15%	0.38%	0.15%
SM	D	0.0%	0.13%	0.0%
SMAR	B	0.01%	0.17%	0.01%
SMCI	D	0.04%	0.03%	0.03%
SNPS	F	0.05%	0.18%	0.05%
SONO	F	0.0%	0.1%	0.0%
STT	B	0.07%	0.56%	0.07%
SYF	B	0.05%	0.29%	0.05%
SYK	D	0.18%	0.16%	0.16%
TBBK	B	0.03%	0.27%	0.03%
TGT	C	0.13%	1.47%	0.13%
TJX	A	0.34%	1.16%	0.34%
TPR	D	0.03%	0.34%	0.03%
TREX	D	0.01%	0.3%	0.01%
V	D	0.61%	0.7%	0.61%
VLO	B	0.14%	0.08%	0.08%
VRT	D	0.04%	0.26%	0.04%
WMT	B	0.36%	1.54%	0.36%
WTTR	A	0.02%	0.05%	0.02%
XPO	B	0.01%	0.02%	0.01%
YEXT	D	0.0%	0.04%	0.0%
ZEUS	D	0.0%	0.12%	0.0%

SPGM Overweight 830 Positions Relative to VFQY

Symbol	Grade	Weight
MSFT	D	3.61%
GOOG	D	1.15%
TSM	D	0.9%
AVGO	D	0.86%
JPM	B	0.86%
TSLA	C	0.72%
BRK.A	C	0.71%
XOM	B	0.7%
UNH	A	0.69%
HD	C	0.53%
BAC	C	0.49%
TMO	A	0.47%
CRM	C	0.42%
TXN	C	0.41%
INTU	B	0.37%
WFC	C	0.37%
ORCL	B	0.36%
CVX	C	0.36%
DHR	A	0.35%
LIN	B	0.34%
ABT	B	0.34%
RTX	A	0.33%
GS	A	0.33%
NFLX	D	0.3%
TM	F	0.3%
LOW	B	0.29%
IBM	B	0.27%
UNP	B	0.27%
NEE	A	0.26%
MCK	A	0.26%
PLD	B	0.26%
LMT	A	0.26%
AMGN	A	0.26%
MS	B	0.26%
C	B	0.26%
CB	A	0.26%
DIS	D	0.25%
NVS	A	0.25%
AMD	F	0.25%
GD	C	0.24%
SPGI	A	0.24%
A	B	0.23%
PFE	B	0.23%
ELV	C	0.23%
MDT	C	0.22%
CMI	B	0.22%
ETN	D	0.21%
MCD	C	0.21%
PSA	B	0.21%
SONY	D	0.21%
ORLY	A	0.21%
WM	C	0.21%
CSX	B	0.2%
EMR	B	0.2%
HON	D	0.2%
ADI	D	0.19%
INTC	F	0.19%
DE	F	0.19%
T	A	0.19%
COP	F	0.19%
MET	B	0.19%
FDX	B	0.19%
PM	A	0.19%
TEL	C	0.18%
INFY	A	0.18%
MMC	A	0.18%
SBUX	F	0.18%
BDX	C	0.18%
AMT	A	0.18%
TRV	B	0.18%
UL	A	0.18%
MUFG	B	0.17%
AEP	A	0.17%
NSC	B	0.17%
NOC	A	0.17%
BK	A	0.17%
BABA	B	0.17%
DFS	B	0.17%
CMCSA	C	0.17%
IBN	B	0.17%
PNC	B	0.16%
JCI	C	0.16%
ISRG	B	0.16%
PRU	B	0.16%
TT	B	0.16%
CNI	F	0.15%
ALL	A	0.15%
PGR	B	0.15%
CVS	C	0.15%
NOW	B	0.14%
REGN	A	0.14%
VZ	C	0.14%
RDY	A	0.14%
GLW	C	0.14%
CL	A	0.14%
PH	B	0.14%
GE	B	0.14%
SYY	B	0.13%
COF	B	0.13%
HES	D	0.13%
CTSH	B	0.13%
BSX	D	0.13%
IR	C	0.13%
SPG	A	0.13%
PEG	A	0.13%
ITW	C	0.13%
BA	D	0.13%
MTB	B	0.12%
HPQ	C	0.12%
EIX	A	0.12%
USB	B	0.12%
UBER	F	0.12%
TD	B	0.12%
YUM	C	0.11%
UPS	F	0.11%
MKC	B	0.11%
BIIB	F	0.1%
PANW	C	0.1%
AZN	A	0.1%
ZTS	B	0.1%
CEG	D	0.1%
DUK	A	0.1%
ADM	D	0.1%
CHTR	B	0.1%
CLX	D	0.1%
SLB	C	0.09%
CME	F	0.09%
MO	A	0.09%
CI	C	0.09%
UMH	A	0.09%
MELI	D	0.09%
ROIC	B	0.09%
CMG	D	0.09%
PDD	F	0.09%
F	F	0.08%
CTVA	C	0.08%
GM	D	0.08%
PPL	A	0.08%
DEO	F	0.08%
BLK	A	0.08%
MU	D	0.08%
SJM	B	0.08%
DD	A	0.08%
VRTX	A	0.08%
TSN	A	0.08%
LYB	B	0.08%
SMFG	A	0.08%
SHOP	F	0.08%
CHT	D	0.08%
VGR	A	0.07%
HDB	D	0.07%
WMB	B	0.07%
DEA	B	0.07%
HPE	D	0.07%
UMC	D	0.07%
CRWD	F	0.07%
NXRT	A	0.07%
APD	C	0.07%
SO	A	0.07%
FE	A	0.07%
STX	C	0.07%
MRO	D	0.07%
CHD	D	0.07%
WDC	F	0.07%
EL	F	0.07%
DOW	F	0.07%
VALE	F	0.07%
PLTR	C	0.06%
BEN	D	0.06%
GIS	B	0.06%
MDLZ	C	0.06%
E	B	0.06%
CARR	B	0.06%
LYG	C	0.06%
BAX	C	0.06%
HAL	F	0.06%
FTV	F	0.06%
ANET	C	0.06%
PSX	C	0.06%
EQR	A	0.06%
WIT	B	0.06%
PKX	F	0.06%
MFG	A	0.06%
BCS	B	0.06%
EXC	B	0.06%
STLA	F	0.06%
JNPR	A	0.06%
FCX	D	0.05%
FOXA	A	0.05%
VLTO	A	0.05%
GOOD	A	0.05%
MRNA	F	0.05%
ABNB	F	0.05%
NMR	C	0.05%
COIN	D	0.05%
DOC	A	0.05%
ITUB	D	0.05%
BX	B	0.05%
CAG	A	0.05%
TMUS	A	0.05%
TCOM	F	0.05%
SNOW	F	0.04%
GEV	C	0.04%
TMDX	B	0.04%
ALLE	B	0.04%
NEM	A	0.04%
OTIS	D	0.04%
MRVL	F	0.04%
KB	A	0.04%
EQIX	B	0.04%
TTD	D	0.04%
MOD	B	0.04%
IFF	A	0.03%
YUMC	F	0.03%
BKR	B	0.03%
ITCI	B	0.03%
DDOG	F	0.03%
SHG	A	0.03%
HCA	A	0.03%
AXNX	A	0.03%
KMI	B	0.03%
NET	D	0.03%
BBD	F	0.03%
SE	D	0.03%
FTI	B	0.03%
HOV	C	0.03%
HIMS	C	0.03%
KVUE	D	0.03%
CHCT	F	0.03%
LNW	A	0.03%
BIDU	F	0.03%
HMC	F	0.03%
SHW	A	0.03%
AXON	C	0.03%
PBR	F	0.03%
LDOS	C	0.03%
LW	F	0.03%
LVS	F	0.03%
DX	B	0.03%
BRSP	D	0.03%
ICE	A	0.02%
GMRE	C	0.02%
GRBK	B	0.02%
ZM	F	0.02%
TAL	F	0.02%
ACEL	B	0.02%
AGYS	B	0.02%
RBLX	C	0.02%
ADMA	C	0.02%
HUBS	F	0.02%
GGB	F	0.02%
MTDR	D	0.02%
RIVN	C	0.02%
SKY	C	0.02%
APP	D	0.02%
KOS	F	0.02%
DVN	F	0.02%
AZEK	D	0.02%
AIV	A	0.02%
PARA	D	0.02%
ABEV	F	0.02%
CVNA	B	0.02%
ALLY	B	0.02%
FICO	B	0.02%
LI	F	0.02%
URI	C	0.02%
FSLR	D	0.02%
CF	D	0.02%
ZS	F	0.02%
MDB	F	0.02%
BABA	B	0.02%
QTWO	B	0.02%
WBA	F	0.02%
WBD	D	0.02%
GOLD	C	0.02%
TAC	B	0.02%
DELL	D	0.02%
MSTR	C	0.02%
AHH	B	0.02%
MT	F	0.02%
TEAM	C	0.02%
DASH	D	0.02%
WDAY	D	0.02%
IIPR	B	0.02%
GEHC	B	0.02%
TTGT	C	0.02%
MOS	D	0.02%
DYN	B	0.02%
SQ	F	0.02%
RCL	C	0.02%
BILL	F	0.01%
USLM	A	0.01%
SQM	F	0.01%
RPAY	D	0.01%
CDE	C	0.01%
BOOT	B	0.01%
VPG	C	0.01%
ASPN	D	0.01%
EVH	C	0.01%
BTU	D	0.01%
CC	F	0.01%
LEGH	B	0.01%
CARS	B	0.01%
VICR	C	0.01%
SRRK	D	0.01%
ASAN	D	0.01%
ALKT	C	0.01%
SLP	D	0.01%
ROCK	D	0.01%
ACMR	F	0.01%
DMRC	C	0.01%
AI	F	0.01%
PNR	B	0.01%
DXC	C	0.01%
KYMR	B	0.01%
RCKT	D	0.01%
WSR	B	0.01%
ITRI	C	0.01%
DLR	B	0.01%
CCO	C	0.01%
GTLB	D	0.01%
CHPT	D	0.01%
RUN	B	0.01%
LIND	D	0.01%
NVAX	D	0.01%
BASE	F	0.01%
U	F	0.01%
QS	D	0.01%
CMPR	B	0.01%
BLFS	B	0.01%
BGNE	C	0.01%
GME	D	0.01%
JELD	C	0.01%
CIFR	C	0.01%
RKLB	C	0.01%
ZTO	F	0.01%
JKS	F	0.01%
GNRC	C	0.01%
RDFN	C	0.01%
FUTU	D	0.01%
KOP	F	0.01%
LASR	D	0.01%
BE	D	0.01%
VKTX	D	0.01%
EXPI	C	0.01%
CYH	B	0.01%
RVLV	B	0.01%
FBK	B	0.01%
BCRX	C	0.01%
PCH	C	0.01%
IMVT	C	0.01%
PEN	F	0.01%
FRO	D	0.01%
OGN	B	0.01%
AUR	C	0.01%
CLNE	D	0.01%
Z	D	0.01%
PHI	B	0.01%
RLX	F	0.01%
PACK	B	0.01%
ENVX	D	0.01%
EXAS	C	0.01%
PNTG	B	0.01%
DQ	F	0.01%
W	F	0.01%
ALEX	A	0.01%
FOUR	F	0.01%
INTA	D	0.01%
CZR	D	0.01%
CENX	D	0.01%
OMI	C	0.01%
AAON	C	0.01%
RIOT	D	0.01%
PTCT	D	0.01%
YETI	D	0.01%
PAY	C	0.01%
ULH	C	0.01%
NOV	B	0.01%
ALNY	A	0.01%
RCUS	D	0.01%
MITK	B	0.01%
AGNC	A	0.01%
JBI	C	0.01%
OSW	C	0.01%
LOB	C	0.01%
TWLO	D	0.01%
MGNI	C	0.01%
EFC	B	0.01%
PTEN	D	0.01%
CLBT	B	0.01%
LBRDK	B	0.01%
TGI	C	0.01%
NXPI	D	0.01%
COLL	B	0.01%
MNDY	D	0.01%
HASI	B	0.01%
XPEV	D	0.01%
SOFI	C	0.01%
VSTO	A	0.01%
RDNT	C	0.01%
GSAT	D	0.01%
BBWI	F	0.01%
SQ	F	0.01%
AES	D	0.01%
INMD	F	0.01%
BEKE	F	0.01%
CROX	D	0.01%
ZETA	B	0.01%
SEMR	C	0.01%
AFRM	F	0.01%
BZH	B	0.01%
ALB	F	0.01%
SID	F	0.01%
PRTA	D	0.01%
SRPT	C	0.01%
INSP	F	0.01%
COMP	C	0.01%
ERJ	B	0.01%
PHR	B	0.01%
IDYA	B	0.01%
MDGL	B	0.01%
RNA	C	0.01%
FIS	D	0.01%
CLDT	C	0.01%
HSTM	B	0.01%
SCCO	D	0.01%
NIO	F	0.01%
AKO.A	C	0.01%
TOST	C	0.01%
CCS	B	0.01%
AKRO	C	0.01%
ENS	B	0.01%
THR	C	0.01%
TGTX	C	0.01%
MARA	D	0.01%
CELH	F	0.01%
FLNG	F	0.01%
ABR	D	0.01%
ILMN	B	0.01%
CLDX	C	0.01%
MATX	B	0.01%
EPAM	C	0.01%
MBIN	C	0.01%
CNH	F	0.01%
OKTA	C	0.01%
KEX	C	0.01%
DVAX	F	0.01%
SOLV	B	0.01%
GERN	B	0.01%
NWSA	C	0.01%
VERX	B	0.01%
APH	D	0.01%
TME	D	0.01%
CLSK	D	0.01%
ORA	A	0.01%
MHO	B	0.01%
VIPS	F	0.01%
EPRT	B	0.01%
RYTM	C	0.01%
VNT	F	0.01%
VTRS	B	0.01%
TWST	C	0.01%
PBF	F	0.01%
BBIO	F	0.01%
PLAY	F	0.01%
APA	C	0.01%
KSS	D	0.01%
ARWR	C	0.01%
TDG	D	0.01%
CCL	D	0.01%
IMXI	B	0.01%
SNAP	F	0.01%
VEEV	C	0.01%
TEVA	A	0.01%
DXCM	F	0.01%
SRG	D	0.0%
KRYS	C	0.0%
XPEV	D	0.0%
LI	F	0.0%
SMWB	F	0.0%
ZNTL	F	0.0%
MP	F	0.0%
ATUS	F	0.0%
ALEC	D	0.0%
JAMF	C	0.0%
JOBY	D	0.0%
SCLX	D	0.0%
OEC	D	0.0%
UNIT	C	0.0%
TH	F	0.0%
DADA	F	0.0%
REPX	C	0.0%
CRCT	C	0.0%
BMBL	F	0.0%
MLCO	F	0.0%
FLWS	B	0.0%
AGL	D	0.0%
CRNC	F	0.0%
OLMA	B	0.0%
RGNX	D	0.0%
TPB	B	0.0%
DAN	D	0.0%
BOC	C	0.0%
CABA	F	0.0%
CGEM	D	0.0%
ASTH	B	0.0%
LGIH	B	0.0%
OVV	F	0.0%
DENN	D	0.0%
SNCY	D	0.0%
MXL	F	0.0%
PKST	D	0.0%
GDS	B	0.0%
EDIT	D	0.0%
FNA	D	0.0%
MLNK	C	0.0%
SAVA	C	0.0%
CEVA	D	0.0%
GDOT	D	0.0%
KRUS	F	0.0%
MCB	C	0.0%
MNSO	F	0.0%
PRVA	B	0.0%
OLO	D	0.0%
KE	C	0.0%
MORF	B	0.0%
ORLA	D	0.0%
MGPI	B	0.0%
FSBC	B	0.0%
FLGT	C	0.0%
SHEN	B	0.0%
QFIN	D	0.0%
SPWR	F	0.0%
AMRC	D	0.0%
RENB	F	0.0%
FIGS	C	0.0%
APTV	D	0.0%
PDFS	D	0.0%
LAW	D	0.0%
WOLF	F	0.0%
MAX	C	0.0%
TELL	C	0.0%
PFC	C	0.0%
MRVI	B	0.0%
EYE	D	0.0%
TMCI	D	0.0%
CTKB	C	0.0%
HOG	B	0.0%
VNET	F	0.0%
VERV	D	0.0%
ZUO	F	0.0%
LUMN	B	0.0%
CHRD	D	0.0%
CRSR	F	0.0%
VIR	C	0.0%
SEDG	F	0.0%
BVN	D	0.0%
IRTC	F	0.0%
CNDT	B	0.0%
NABL	D	0.0%
ICHR	F	0.0%
LPRO	F	0.0%
TRUP	B	0.0%
PARR	D	0.0%
BEAM	C	0.0%
NCNO	C	0.0%
ELVN	C	0.0%
DH	F	0.0%
ULCC	F	0.0%
GOGO	F	0.0%
CECO	C	0.0%
SGRY	B	0.0%
BROS	D	0.0%
APPN	D	0.0%
SHC	B	0.0%
THO	C	0.0%
ETNB	C	0.0%
SWBI	B	0.0%
SANA	F	0.0%
CAR	F	0.0%
MDXG	D	0.0%
XHR	D	0.0%
COTY	F	0.0%
OSPN	B	0.0%
LAND	C	0.0%
HURN	A	0.0%
RXST	F	0.0%
IBP	C	0.0%
XPOF	C	0.0%
SOUN	D	0.0%
CALX	B	0.0%
YOU	C	0.0%
DGII	C	0.0%
AMC	D	0.0%
GRPN	D	0.0%
THRM	B	0.0%
TLRY	C	0.0%
PDFS	D	0.0%
GKOS	B	0.0%
RIG	D	0.0%
ADUS	A	0.0%
VCYT	C	0.0%
AA	F	0.0%
ALHC	C	0.0%
FUBO	D	0.0%
CXM	F	0.0%
ENIC	F	0.0%
VSCO	F	0.0%
APLS	F	0.0%
ESTA	D	0.0%
SVC	C	0.0%
FVRR	D	0.0%
ALTG	D	0.0%
HAYW	B	0.0%
HAYN	A	0.0%
UVV	C	0.0%
SHLS	F	0.0%
S	C	0.0%
QTRX	D	0.0%
LILAK	B	0.0%
NARI	D	0.0%
PACB	D	0.0%
LMND	C	0.0%
SITM	C	0.0%
SABR	D	0.0%
LWLG	D	0.0%
HRI	C	0.0%
ATHM	F	0.0%
CHEF	C	0.0%
ATRO	C	0.0%
MQ	F	0.0%
ATEC	F	0.0%
PENN	C	0.0%
GLBE	D	0.0%
RVNC	D	0.0%
AOSL	C	0.0%
ACCD	F	0.0%
PRO	F	0.0%
HL	C	0.0%
BRBR	D	0.0%
CYRX	D	0.0%
HTHT	F	0.0%
IAS	D	0.0%
AMRK	C	0.0%
UCTT	D	0.0%
CLF	F	0.0%
ENVA	B	0.0%
DBI	D	0.0%
DHI	A	0.0%
ARDX	F	0.0%
SIBN	D	0.0%
PUBM	C	0.0%
CCB	B	0.0%
PCVX	C	0.0%
YY	C	0.0%
NNDM	F	0.0%
NTRA	D	0.0%
TASK	B	0.0%
GRAB	F	0.0%
NEXT	A	0.0%
IAG	B	0.0%
MNTK	C	0.0%
VZIO	B	0.0%
FCEL	F	0.0%
AR	D	0.0%
LAZR	F	0.0%
GH	B	0.0%
XPRO	C	0.0%
PODD	B	0.0%
STAA	D	0.0%
NEOG	B	0.0%
CFLT	F	0.0%
EMBC	C	0.0%
WGO	C	0.0%
NOVA	C	0.0%
SQSP	A	0.0%
LCID	D	0.0%
NVRI	A	0.0%
TITN	D	0.0%
AVNS	B	0.0%
CSTL	C	0.0%
CYTK	D	0.0%
FDMT	F	0.0%
RKT	B	0.0%
FRSH	F	0.0%
ZI	F	0.0%
METC	F	0.0%
NVCR	B	0.0%
UEC	F	0.0%
GNK	D	0.0%
INN	B	0.0%
IIIV	B	0.0%
CNC	B	0.0%
FSLY	D	0.0%
DHC	C	0.0%
ACHR	D	0.0%
VGR	A	0.0%
RVMD	B	0.0%
MOMO	C	0.0%
QNST	B	0.0%
KIM	A	0.0%
LEU	F	0.0%
GXO	C	0.0%
AXSM	B	0.0%
BURL	A	0.0%
ADNT	F	0.0%
BYND	F	0.0%
TNDM	D	0.0%
PTON	F	0.0%
CCBG	B	0.0%
LSPD	F	0.0%
OSCR	C	0.0%
WRBY	D	0.0%
DIN	F	0.0%
TUYA	F	0.0%
DFH	C	0.0%
PL	C	0.0%
EB	F	0.0%
PCG	A	0.0%
FIVN	D	0.0%
NCLH	D	0.0%
LYFT	F	0.0%
MTW	D	0.0%
TTWO	F	0.0%
VRDN	B	0.0%
MTCH	B	0.0%
VRNS	B	0.0%
UWMC	B	0.0%
NX	C	0.0%
DOCN	F	0.0%
PETQ	D	0.0%
KC	F	0.0%
HST	F	0.0%
NUVL	C	0.0%
KHC	B	0.0%
BIGC	D	0.0%
PHAT	C	0.0%
VVI	D	0.0%
PFSI	C	0.0%
PLUG	F	0.0%
ACVA	F	0.0%
TXG	F	0.0%
PRCT	C	0.0%
CERT	C	0.0%
CHGX	B	0.0%
MEG	F	0.0%
BILI	D	0.0%
DCO	B	0.0%
PIXY	F	0.0%
CASS	D	0.0%
PAR	C	0.0%
IBUY	D	0.0%
ARCT	F	0.0%
SDGR	C	0.0%
TIGR	F	0.0%
UPWK	C	0.0%
CIG	C	0.0%
SIGA	C	0.0%
PRG	B	0.0%
KEP	D	0.0%
PLPC	D	0.0%
KLG	D	0.0%
FROG	C	0.0%
EQT	F	0.0%
REZI	C	0.0%
RNG	C	0.0%
INSW	D	0.0%
ZLAB	D	0.0%
BRZE	C	0.0%
HSII	B	0.0%
ENFN	C	0.0%
TRNS	C	0.0%
SNDX	C	0.0%
PTGX	C	0.0%
RLJ	F	0.0%
HUYA	D	0.0%
HCP	A	0.0%
NTLA	D	0.0%
VMEO	D	0.0%
SITE	C	0.0%
WEAV	B	0.0%
PCT	B	0.0%
ETSY	D	0.0%
ARRY	F	0.0%
FLNC	F	0.0%
CSGP	C	0.0%
INDI	F	0.0%
TDOC	F	0.0%
IIIN	C	0.0%
GDRX	B	0.0%
RGEN	B	0.0%
CRMT	C	0.0%
BJRI	F	0.0%
WIX	D	0.0%
OPEN	D	0.0%
RXRX	F	0.0%
PGC	C	0.0%
SPR	B	0.0%
DRH	F	0.0%
PATH	F	0.0%
DDD	D	0.0%
ESTC	C	0.0%
EVRI	B	0.0%
DT	F	0.0%
GPN	D	0.0%
AMG	B	0.0%
NVT	D	0.0%
ARVN	D	0.0%
TIGO	B	0.0%
DOCS	C	0.0%
AMPS	D	0.0%
BZ	F	0.0%
UPST	D	0.0%
GDYN	C	0.0%
IQ	F	0.0%
AUPH	C	0.0%
REG	A	0.0%
ELAN	D	0.0%
CIB	D	0.0%
HEES	C	0.0%
DNA	F	0.0%
COHR	C	0.0%
KREF	B	0.0%
VITL	D	0.0%
NEO	B	0.0%
WRLD	D	0.0%
FLYW	D	0.0%
CTLP	B	0.0%
RAMP	F	0.0%
SPT	D	0.0%

SPGM Underweight 224 Positions Relative to VFQY

Symbol	Grade	Weight
CTAS	A	-1.08%
MCHP	F	-0.91%
AIG	C	-0.71%
PAYX	A	-0.68%
EQH	B	-0.65%
MSM	C	-0.65%
AMP	D	-0.63%
AYI	D	-0.62%
LSTR	B	-0.6%
RHI	F	-0.59%
TDC	F	-0.57%
RPM	A	-0.55%
DCI	B	-0.54%
SLM	B	-0.54%
KR	B	-0.51%
QLYS	D	-0.49%
BBY	B	-0.48%
PRI	A	-0.47%
FBP	B	-0.47%
DKS	D	-0.44%
BPOP	B	-0.42%
SSD	C	-0.42%
CVLT	B	-0.42%
JXN	B	-0.4%
CNM	C	-0.4%
DECK	D	-0.39%
ROK	D	-0.39%
MEDP	D	-0.38%
LECO	C	-0.38%
CHE	B	-0.38%
EW	F	-0.38%
UFPI	B	-0.37%
NSP	C	-0.37%
WFRD	C	-0.36%
MANH	B	-0.35%
ZION	C	-0.35%
OFG	B	-0.33%
WSFS	B	-0.33%
AOS	C	-0.33%
IT	A	-0.32%
NTRS	B	-0.32%
CNO	B	-0.3%
WLY	B	-0.3%
MLI	B	-0.3%
ALKS	B	-0.29%
BCC	C	-0.29%
TNET	D	-0.29%
BJ	C	-0.29%
GPC	B	-0.28%
MED	D	-0.28%
NTB	C	-0.27%
RL	D	-0.27%
KFRC	B	-0.27%
APOG	B	-0.27%
ULTA	F	-0.26%
OZK	C	-0.26%
PSTG	D	-0.25%
CPNG	D	-0.25%
AIT	B	-0.25%
BBW	B	-0.25%
HAS	B	-0.24%
ODP	C	-0.24%
TPL	B	-0.24%
FULT	C	-0.24%
EXPD	A	-0.23%
WDFC	B	-0.23%
LOPE	A	-0.22%
PII	D	-0.21%
OLN	F	-0.21%
SHOO	C	-0.21%
POOL	B	-0.2%
MOH	C	-0.2%
CAL	B	-0.19%
CRVL	B	-0.19%
CASY	B	-0.19%
FIX	C	-0.19%
JKHY	B	-0.19%
NUS	F	-0.19%
CATY	B	-0.18%
EPAC	B	-0.18%
BBSI	A	-0.18%
OXM	D	-0.18%
LMB	C	-0.18%
CRUS	C	-0.18%
WTS	B	-0.18%
CTRA	F	-0.17%
SCS	B	-0.17%
JBSS	B	-0.17%
ASO	F	-0.17%
AAP	D	-0.17%
FLO	C	-0.17%
WMS	C	-0.16%
TK	D	-0.16%
APO	C	-0.16%
EME	D	-0.16%
PJT	B	-0.16%
GWW	C	-0.16%
AEO	D	-0.16%
WABC	C	-0.15%
CHCO	B	-0.15%
FFIV	B	-0.15%
CSGS	C	-0.15%
ROL	C	-0.15%
GIII	D	-0.15%
BOKF	C	-0.15%
HCKT	A	-0.15%
STLD	C	-0.15%
IESC	C	-0.14%
CALM	A	-0.14%
LANC	B	-0.14%
RS	C	-0.14%
INDB	B	-0.13%
VMI	B	-0.13%
MAN	B	-0.13%
HNI	B	-0.13%
COKE	A	-0.13%
CSWI	B	-0.13%
TNC	C	-0.12%
MYE	C	-0.12%
EVER	B	-0.12%
KAI	C	-0.12%
BRKR	D	-0.12%
EGY	B	-0.12%
BMI	B	-0.11%
NVR	A	-0.11%
TTC	C	-0.11%
STRL	D	-0.11%
BELFB	C	-0.11%
CDRE	C	-0.1%
IOSP	C	-0.1%
CPF	B	-0.1%
PRMW	C	-0.1%
LZB	B	-0.1%
VRTS	D	-0.1%
TER	D	-0.1%
CVBF	C	-0.1%
HWKN	A	-0.1%
SLVM	B	-0.1%
ETH	D	-0.1%
PRLB	C	-0.1%
GGG	C	-0.1%
SRCE	B	-0.1%
AAN	B	-0.09%
NYT	B	-0.09%
BHLB	B	-0.09%
MCFT	C	-0.09%
PRDO	B	-0.09%
ANIP	B	-0.09%
TRIP	F	-0.09%
HSIC	B	-0.09%
SEIC	B	-0.09%
PSMT	B	-0.09%
CNXN	A	-0.08%
GPOR	F	-0.08%
ASC	D	-0.08%
SKX	D	-0.08%
BKU	B	-0.08%
PCAR	F	-0.08%
WAFD	B	-0.08%
SUPN	C	-0.08%
YELP	F	-0.08%
CARG	C	-0.07%
SWAV	A	-0.07%
PDCO	C	-0.07%
OC	B	-0.07%
HOLX	A	-0.07%
CRAI	C	-0.07%
CBU	B	-0.07%
RGP	C	-0.07%
TILE	C	-0.07%
CDW	D	-0.07%
MTG	B	-0.07%
RDN	B	-0.07%
MYGN	B	-0.06%
EGBN	C	-0.06%
SPTN	B	-0.06%
DAKT	B	-0.06%
AVAV	D	-0.06%
MUSA	A	-0.06%
BKE	B	-0.06%
DOX	B	-0.06%
GOLF	B	-0.05%
SXI	B	-0.05%
SNA	B	-0.05%
MOV	D	-0.05%
SCHL	F	-0.05%
SBSI	B	-0.05%
LYTS	B	-0.05%
CTS	D	-0.05%
BECN	B	-0.05%
MNRO	B	-0.05%
ARCH	F	-0.05%
KELYA	C	-0.04%
EXLS	C	-0.04%
UVE	C	-0.04%
WNC	F	-0.04%
REVG	B	-0.04%
ALSN	A	-0.04%
CLW	B	-0.04%
SXC	C	-0.04%
RYI	D	-0.04%
COOP	C	-0.03%
ACAD	C	-0.03%
UAA	D	-0.03%
LKFN	C	-0.03%
TCMD	D	-0.03%
CACC	D	-0.03%
SFIX	C	-0.03%
DXLG	D	-0.03%
PRTS	F	-0.03%
CCRN	C	-0.02%
APAM	C	-0.02%
COUR	D	-0.02%
WSO	C	-0.02%
DFIN	C	-0.02%
PFBC	C	-0.02%
WIRE	A	-0.02%
CR	B	-0.02%
ATRC	D	-0.02%
KRNY	C	-0.02%
USNA	F	-0.02%
INCY	C	-0.02%
AMAL	C	-0.02%
YNDX	C	-0.0%