SPGM vs. VSLU ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Applied Finance Valuation Large Cap ETF (VSLU)

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

$65.12

Average Daily Volume

57,969

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

VSLU

Applied Finance Valuation Large Cap ETF

VSLU Description

ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Applied Finance Advisors, LLC and Toroso Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies. The fund employs proprietary research to create its portfolio. ETF Opportunities Trust - Applied Finance Valuation Large Cap ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$36.82

Average Daily Volume

18,373

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	VSLU
30 Days	1.43%	1.40%
60 Days	1.86%	2.99%
90 Days	3.02%	4.46%
12 Months	25.48%	30.31%

188 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in VSLU	Overlap
A	D	0.2%	0.1%	0.1%
AAPL	C	3.74%	6.68%	3.74%
ABBV	D	0.36%	1.62%	0.36%
ABBV	D	0.19%	1.62%	0.19%
ABT	B	0.34%	0.35%	0.34%
ACN	C	0.28%	0.88%	0.28%
ADBE	C	0.34%	0.99%	0.34%
ADI	D	0.16%	0.17%	0.16%
ADM	D	0.08%	0.08%	0.08%
ADP	B	0.23%	0.3%	0.23%
ADSK	A	0.01%	0.11%	0.01%
AFL	B	0.26%	0.07%	0.07%
ALGN	D	0.01%	0.01%	0.01%
ALLE	D	0.04%	0.05%	0.04%
AMAT	F	0.24%	0.67%	0.24%
AMT	D	0.16%	0.26%	0.16%
AMZN	C	2.13%	3.86%	2.13%
ANET	C	0.07%	0.15%	0.07%
AON	A	0.08%	0.79%	0.08%
APA	D	0.01%	0.04%	0.01%
APH	A	0.01%	0.13%	0.01%
APTV	D	0.0%	0.03%	0.0%
AVGO	D	0.87%	2.99%	0.87%
AXP	A	0.36%	0.56%	0.36%
BBWI	D	0.01%	0.02%	0.01%
BK	A	0.19%	0.0%	0.0%
BKNG	A	0.31%	0.78%	0.31%
BLDR	D	0.01%	0.14%	0.01%
BMY	B	0.14%	0.78%	0.14%
CAG	D	0.04%	0.0%	0.0%
CAT	B	0.3%	0.42%	0.3%
CB	C	0.27%	0.11%	0.11%
CCL	B	0.02%	0.05%	0.02%
CDNS	B	0.07%	0.1%	0.07%
CF	B	0.02%	0.05%	0.02%
CHD	B	0.07%	0.05%	0.05%
CHRW	C	0.09%	0.02%	0.02%
CHTR	C	0.1%	0.23%	0.1%
CI	F	0.08%	0.1%	0.08%
CMCSA	B	0.18%	0.23%	0.18%
CME	A	0.09%	0.04%	0.04%
CMI	A	0.26%	0.14%	0.14%
CNC	D	0.0%	0.03%	0.0%
COP	C	0.18%	0.32%	0.18%
CRM	B	0.49%	0.32%	0.32%
CSX	B	0.19%	0.24%	0.19%
CTSH	B	0.13%	0.08%	0.08%
CTVA	C	0.07%	0.02%	0.02%
CVX	A	0.35%	0.64%	0.35%
CZR	F	0.01%	0.02%	0.01%
DELL	C	0.02%	0.38%	0.02%
DFS	B	0.2%	0.11%	0.11%
DHI	D	0.0%	0.18%	0.0%
DLTR	F	0.04%	0.02%	0.02%
DOC	D	0.05%	0.04%	0.04%
DOW	F	0.06%	0.01%	0.01%
DVN	F	0.01%	0.09%	0.01%
DXCM	D	0.02%	0.03%	0.02%
EA	A	0.0%	0.06%	0.0%
EBAY	D	0.1%	0.07%	0.07%
ELV	F	0.17%	0.11%	0.11%
ENPH	F	0.01%	0.02%	0.01%
EOG	A	0.16%	0.19%	0.16%
EPAM	C	0.01%	0.0%	0.0%
EQR	B	0.06%	0.02%	0.02%
EXPE	B	0.01%	0.07%	0.01%
FAST	B	0.13%	0.04%	0.04%
FCX	D	0.04%	0.12%	0.04%
FDX	B	0.18%	0.07%	0.07%
FI	A	0.05%	0.97%	0.05%
FICO	B	0.03%	0.21%	0.03%
FIS	C	0.01%	0.25%	0.01%
FOXA	B	0.05%	0.08%	0.05%
FTNT	C	0.03%	0.16%	0.03%
GD	F	0.22%	0.12%	0.12%
GEHC	F	0.02%	0.07%	0.02%
GILD	C	0.19%	0.81%	0.19%
GIS	D	0.05%	0.07%	0.05%
GLW	B	0.15%	0.06%	0.06%
GM	B	0.09%	0.19%	0.09%
GNRC	B	0.01%	0.02%	0.01%
GOOGL	C	1.1%	6.21%	1.1%
HAL	C	0.05%	0.08%	0.05%
HCA	F	0.02%	0.3%	0.02%
HD	A	0.57%	1.06%	0.57%
HON	B	0.22%	0.27%	0.22%
HPE	B	0.07%	0.09%	0.07%
HPQ	B	0.11%	0.27%	0.11%
HST	C	0.0%	0.02%	0.0%
HSY	F	0.11%	0.13%	0.11%
IBM	C	0.27%	0.22%	0.22%
IDXX	F	0.0%	0.11%	0.0%
IR	B	0.13%	0.09%	0.09%
ITW	B	0.14%	0.16%	0.14%
JCI	C	0.18%	0.07%	0.07%
JNJ	D	0.39%	1.7%	0.39%
JNPR	F	0.06%	0.02%	0.02%
JPM	A	0.95%	0.75%	0.75%
KEYS	A	0.12%	0.06%	0.06%
KHC	F	0.0%	0.05%	0.0%
KIM	A	0.0%	0.0%	0.0%
KLAC	D	0.04%	0.34%	0.04%
KMI	A	0.03%	0.03%	0.03%
KO	D	0.29%	0.5%	0.29%
KVUE	A	0.04%	0.11%	0.04%
LDOS	C	0.03%	0.09%	0.03%
LMT	D	0.25%	0.29%	0.25%
LOW	D	0.31%	0.89%	0.31%
LRCX	F	0.06%	0.35%	0.06%
LULU	C	0.02%	0.25%	0.02%
LW	C	0.04%	0.03%	0.03%
LYB	F	0.07%	0.06%	0.06%
MA	C	0.43%	4.57%	0.43%
MCD	D	0.23%	0.46%	0.23%
MCK	B	0.25%	0.67%	0.25%
MCO	B	0.02%	0.21%	0.02%
MDLZ	F	0.05%	0.16%	0.05%
MDT	D	0.23%	0.17%	0.17%
MET	A	0.2%	0.08%	0.08%
META	D	1.43%	4.13%	1.43%
MKC	D	0.11%	0.02%	0.02%
MMC	B	0.17%	0.2%	0.17%
MMM	D	0.1%	0.17%	0.1%
MO	A	0.09%	0.23%	0.09%
MOS	F	0.02%	0.04%	0.02%
MPC	D	0.17%	0.33%	0.17%
MRK	F	0.31%	1.88%	0.31%
MRO	B	0.07%	0.05%	0.05%
MSFT	F	3.35%	6.84%	3.35%
MTCH	D	0.0%	0.06%	0.0%
NKE	D	0.18%	0.23%	0.18%
NOC	D	0.16%	0.13%	0.13%
NTAP	C	0.1%	0.05%	0.05%
NUE	C	0.02%	0.14%	0.02%
NVDA	C	4.01%	6.97%	4.01%
NXPI	D	0.01%	0.13%	0.01%
ODFL	B	0.01%	0.05%	0.01%
ON	D	0.01%	0.1%	0.01%
ORCL	B	0.43%	1.24%	0.43%
ORLY	B	0.22%	0.61%	0.22%
OTIS	C	0.04%	0.27%	0.04%
PEG	A	0.15%	0.03%	0.03%
PEP	F	0.26%	0.42%	0.26%
PG	A	0.49%	0.85%	0.49%
PH	A	0.17%	0.19%	0.17%
PM	B	0.21%	0.58%	0.21%
PNR	A	0.01%	0.06%	0.01%
PSA	D	0.22%	0.08%	0.08%
PSX	C	0.05%	0.2%	0.05%
PYPL	B	0.15%	0.2%	0.15%
QCOM	F	0.27%	0.38%	0.27%
RCL	A	0.04%	0.13%	0.04%
REGN	F	0.09%	0.2%	0.09%
ROST	C	0.17%	0.07%	0.07%
RTX	C	0.33%	0.14%	0.14%
SHW	A	0.03%	0.34%	0.03%
SLB	C	0.07%	0.08%	0.07%
SMCI	F	0.01%	0.02%	0.01%
SNPS	B	0.04%	0.1%	0.04%
SOLV	C	0.01%	0.05%	0.01%
SPG	B	0.15%	0.19%	0.15%
SPGI	C	0.24%	0.29%	0.24%
SYK	C	0.2%	0.33%	0.2%
SYY	B	0.12%	0.1%	0.1%
T	A	0.21%	0.21%	0.21%
TDG	D	0.01%	0.15%	0.01%
TGT	F	0.12%	0.16%	0.12%
TMO	F	0.38%	0.57%	0.38%
TMUS	B	0.07%	0.5%	0.07%
TRV	B	0.21%	0.03%	0.03%
TT	A	0.19%	0.13%	0.13%
TTWO	A	0.0%	0.01%	0.0%
TXN	C	0.37%	0.49%	0.37%
UNH	C	0.68%	0.88%	0.68%
UNP	C	0.26%	0.38%	0.26%
UPS	C	0.11%	0.11%	0.11%
URI	B	0.02%	0.17%	0.02%
USB	A	0.12%	0.03%	0.03%
V	A	0.7%	3.37%	0.7%
VLO	C	0.11%	0.24%	0.11%
VLTO	D	0.04%	0.13%	0.04%
VRTX	F	0.07%	0.31%	0.07%
VTRS	A	0.01%	0.03%	0.01%
VZ	C	0.14%	0.37%	0.14%
WMT	A	0.41%	1.0%	0.41%
XOM	B	0.68%	0.9%	0.68%
YUM	B	0.11%	0.23%	0.11%
ZTS	D	0.09%	0.21%	0.09%

SPGM Overweight 815 Positions Relative to VSLU

Symbol	Grade	Weight
GOOG	C	1.1%
TSLA	B	1.01%
TSM	B	0.99%
BRK.A	B	0.73%
LLY	F	0.7%
COST	B	0.56%
BAC	A	0.53%
WFC	A	0.44%
INTU	C	0.38%
GS	A	0.38%
NFLX	A	0.37%
CSCO	B	0.36%
TJX	A	0.35%
MS	A	0.32%
LIN	D	0.32%
DIS	B	0.3%
DHR	F	0.28%
C	A	0.26%
TM	D	0.26%
NEE	D	0.25%
ETN	A	0.24%
PLD	D	0.23%
AMD	F	0.23%
SONY	B	0.22%
NVS	D	0.22%
WM	A	0.22%
EMR	A	0.21%
AMGN	D	0.21%
BABA	D	0.2%
SBUX	A	0.2%
HSBH	B	0.19%
SCHW	B	0.18%
ISRG	A	0.18%
DE	A	0.18%
NSC	B	0.17%
MUFG	B	0.17%
PNC	B	0.17%
IBN	C	0.17%
PGR	A	0.17%
PFE	D	0.17%
PRU	A	0.16%
AEP	D	0.16%
NOW	A	0.16%
INFY	B	0.16%
ALL	A	0.16%
BDX	F	0.16%
UL	D	0.16%
COF	B	0.15%
ECL	D	0.14%
INTC	D	0.14%
BSX	B	0.14%
GE	D	0.14%
SHOP	B	0.14%
CVS	D	0.13%
PLTR	B	0.13%
CL	D	0.13%
UBER	D	0.13%
CNI	D	0.13%
MTB	A	0.13%
RDY	F	0.12%
ROIC	A	0.12%
EIX	B	0.12%
HES	B	0.12%
CEG	D	0.12%
CLX	B	0.12%
CMG	B	0.11%
KKR	A	0.11%
KMB	D	0.11%
PANW	C	0.11%
TD	F	0.11%
MELI	D	0.1%
DUK	C	0.1%
ICE	C	0.1%
BA	F	0.1%
CRWD	B	0.09%
UMH	C	0.09%
BLK	C	0.09%
AZN	D	0.08%
STT	A	0.08%
DD	D	0.08%
PDD	F	0.08%
SMFG	B	0.08%
APD	A	0.08%
TSN	B	0.08%
CHT	D	0.08%
PPL	B	0.08%
WMB	A	0.08%
BCS	C	0.07%
K	A	0.07%
DEO	F	0.07%
MU	D	0.07%
VRT	B	0.07%
GEV	B	0.07%
MFG	B	0.07%
FE	C	0.07%
SJM	D	0.07%
BIIB	F	0.07%
NXRT	B	0.07%
TCOM	B	0.07%
F	C	0.07%
SO	D	0.07%
DEA	D	0.06%
UMC	F	0.06%
AXON	A	0.06%
SYF	B	0.06%
COIN	C	0.06%
FTV	C	0.06%
APP	B	0.06%
CARR	D	0.06%
BX	A	0.06%
WIT	A	0.06%
STX	D	0.06%
VALE	F	0.06%
EXC	C	0.06%
WDC	D	0.06%
HDB	C	0.06%
EQIX	A	0.05%
STLA	F	0.05%
ITUB	F	0.05%
OXY	D	0.05%
NMR	B	0.05%
MOD	A	0.05%
GOOD	B	0.05%
BEN	C	0.05%
MSTR	C	0.05%
BAX	D	0.05%
LYG	F	0.05%
E	F	0.05%
MRVL	B	0.05%
TTD	B	0.05%
AA	B	0.04%
YUMC	C	0.04%
KB	B	0.04%
LVS	C	0.04%
SE	B	0.04%
ABNB	C	0.04%
EL	F	0.04%
PKX	F	0.04%
TPR	B	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	C	0.03%
TAC	B	0.03%
BKR	B	0.03%
BIDU	F	0.03%
TEAM	A	0.03%
BBD	D	0.03%
PBR	C	0.03%
NET	B	0.03%
TBBK	B	0.03%
SQ	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
DX	B	0.03%
NEM	D	0.03%
SNOW	C	0.03%
DASH	A	0.03%
VERX	B	0.02%
TGTX	B	0.02%
FSLR	F	0.02%
VEEV	C	0.02%
ACEL	C	0.02%
TOST	B	0.02%
GGB	C	0.02%
OII	B	0.02%
AGYS	A	0.02%
AIV	C	0.02%
AZEK	A	0.02%
PARA	C	0.02%
IIPR	D	0.02%
AFRM	B	0.02%
GOLD	D	0.02%
ABEV	F	0.02%
SKY	A	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%
MPWR	F	0.02%
DKNG	B	0.02%
MDB	C	0.02%
ZS	C	0.02%
HUBS	A	0.02%
IFF	D	0.02%
RKLB	B	0.02%
CHX	C	0.02%
HOV	D	0.02%
WBD	C	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
CFG	B	0.02%
SHG	D	0.02%
MT	B	0.02%
WDAY	B	0.02%
HIMS	B	0.02%
MITK	C	0.01%
DT	C	0.01%
AI	B	0.01%
LASR	D	0.01%
KYMR	D	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	D	0.01%
SMR	B	0.01%
NR	B	0.01%
ZLAB	C	0.01%
CCO	C	0.01%
FRO	F	0.01%
PGC	C	0.01%
M	D	0.01%
LC	A	0.01%
FLYW	C	0.01%
PCT	C	0.01%
BASE	C	0.01%
ALKT	B	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	D	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	F	0.01%
PACK	B	0.01%
PTEN	C	0.01%
KC	A	0.01%
BTU	B	0.01%
COHR	B	0.01%
U	C	0.01%
ITRI	B	0.01%
PCH	D	0.01%
RLX	C	0.01%
AUPH	B	0.01%
GTLB	B	0.01%
CROX	D	0.01%
COLL	F	0.01%
SMAR	A	0.01%
VMEO	B	0.01%
SRPT	D	0.01%
VICR	B	0.01%
HASI	D	0.01%
CLNE	D	0.01%
AES	F	0.01%
ALEX	C	0.01%
PHR	F	0.01%
CIFR	B	0.01%
DLR	B	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	D	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%
DOCS	C	0.01%
AUR	C	0.01%
BILL	A	0.01%
SEMR	B	0.01%
RIOT	C	0.01%
CCB	A	0.01%
LWLG	F	0.01%
SID	F	0.01%
TWST	D	0.01%
USLM	A	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	A	0.01%
INMD	C	0.01%
PEN	B	0.01%
OSW	A	0.01%
LOB	B	0.01%
MBIN	D	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	A	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	D	0.01%
FOUR	B	0.01%
CLDT	B	0.01%
MRC	B	0.01%
PBF	D	0.01%
Z	A	0.01%
RIVN	F	0.01%
ALB	C	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	B	0.01%
INTA	A	0.01%
FLNG	B	0.01%
MARA	C	0.01%
GMS	B	0.01%
HSTM	B	0.01%
RDNT	B	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	B	0.01%
SNAP	C	0.01%
UPST	B	0.01%
MHO	D	0.01%
BBIO	F	0.01%
ABR	C	0.01%
GSAT	C	0.01%
CNH	C	0.01%
KOS	F	0.01%
KSS	F	0.01%
ERJ	B	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	B	0.01%
XPEV	C	0.01%
NWSA	B	0.01%
KEX	C	0.01%
ILMN	D	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	F	0.01%
TWLO	A	0.01%
PTON	B	0.01%
VIPS	F	0.01%
COMP	B	0.01%
DDD	C	0.01%
EPRT	B	0.01%
MRNA	F	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%
WBA	F	0.01%
PINS	D	0.01%
RYTM	C	0.01%
DYN	F	0.01%
SRRK	B	0.01%
MTDR	B	0.01%
SOFI	A	0.01%
POWL	C	0.01%
ALLY	C	0.01%
PLMR	B	0.01%
KRYS	B	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	B	0.0%
JOBY	B	0.0%
CRCT	F	0.0%
TH	C	0.0%
WOLF	F	0.0%
FLWS	F	0.0%
BMBL	C	0.0%
DAN	D	0.0%
CGEM	F	0.0%
MLCO	F	0.0%
SEDG	F	0.0%
ASTH	D	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	B	0.0%
KE	C	0.0%
LGIH	D	0.0%
MLNK	B	0.0%
FLGT	F	0.0%
FIGS	F	0.0%
ITOS	F	0.0%
LSCC	D	0.0%
OLPX	D	0.0%
MXL	C	0.0%
GRPN	F	0.0%
SNCY	C	0.0%
MNSO	F	0.0%
VRE	B	0.0%
PRVA	B	0.0%
FNA	C	0.0%
MAX	F	0.0%
EYE	C	0.0%
RENB	F	0.0%
ORLA	C	0.0%
PUMP	B	0.0%
TPB	B	0.0%
PD	C	0.0%
KRNT	C	0.0%
RGNX	F	0.0%
SVC	F	0.0%
CHRD	D	0.0%
REPL	B	0.0%
VIR	D	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	D	0.0%
CRSR	C	0.0%
SGRY	F	0.0%
OLO	B	0.0%
OLMA	F	0.0%
TMCI	D	0.0%
HUMA	F	0.0%
PFC	A	0.0%
GOGO	C	0.0%
COTY	F	0.0%
MBAVU	D	0.0%
ICHR	C	0.0%
IRTC	D	0.0%
HE	C	0.0%
SWBI	C	0.0%
CNDT	C	0.0%
IBP	D	0.0%
ELVN	D	0.0%
MAT	D	0.0%
ZUO	B	0.0%
LAND	F	0.0%
TLRY	F	0.0%
APLS	D	0.0%
ETNB	C	0.0%
KRUS	B	0.0%
RIG	D	0.0%
LILAK	D	0.0%
SAVA	D	0.0%
CECO	A	0.0%
HAE	C	0.0%
LPRO	C	0.0%
CALX	D	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
APPN	B	0.0%
THRM	D	0.0%
CAR	C	0.0%
GDS	C	0.0%
PDFS	C	0.0%
QFIN	B	0.0%
QTRX	F	0.0%
AOSL	C	0.0%
NMIH	D	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	F	0.0%
THO	B	0.0%
XHR	B	0.0%
DJT	C	0.0%
DBI	F	0.0%
RXST	F	0.0%
FBRT	C	0.0%
NCNO	B	0.0%
ATRO	D	0.0%
MQ	F	0.0%
SM	B	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	B	0.0%
ORIC	F	0.0%
PRO	C	0.0%
TASK	C	0.0%
CHEF	A	0.0%
ARLO	C	0.0%
NNDM	F	0.0%
IDT	B	0.0%
VTLE	C	0.0%
NOVA	F	0.0%
ARDX	F	0.0%
S	B	0.0%
HL	D	0.0%
ALHC	C	0.0%
IAS	C	0.0%
SABR	C	0.0%
SANA	F	0.0%
ULCC	D	0.0%
SKE	C	0.0%
HAYW	B	0.0%
TITN	C	0.0%
ARQT	C	0.0%
NEOG	F	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	B	0.0%
KRNY	B	0.0%
MEG	F	0.0%
SIGA	F	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	C	0.0%
CYTK	F	0.0%
RRC	B	0.0%
PCVX	D	0.0%
GLBE	B	0.0%
RKT	F	0.0%
VCYT	B	0.0%
NVCR	C	0.0%
EMBC	C	0.0%
TXG	F	0.0%
VZIO	A	0.0%
STOK	F	0.0%
ZI	D	0.0%
HTHT	D	0.0%
YY	C	0.0%
SITM	B	0.0%
UWMC	D	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	F	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	D	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	D	0.0%
IIIV	C	0.0%
UNIT	B	0.0%
EVH	F	0.0%
WOOF	D	0.0%
INN	D	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	A	0.0%
NX	C	0.0%
INSW	F	0.0%
TRNS	D	0.0%
OSCR	D	0.0%
ALT	C	0.0%
FROG	C	0.0%
JANX	C	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	B	0.0%
ERAS	C	0.0%
GXO	B	0.0%
NTRA	B	0.0%
GRAB	B	0.0%
PODD	C	0.0%
IQ	F	0.0%
ALEC	F	0.0%
RCKT	F	0.0%
BRZE	C	0.0%
AX	A	0.0%
VSCO	B	0.0%
DIN	C	0.0%
FUBO	F	0.0%
AXSM	B	0.0%
BURL	A	0.0%
TUYA	F	0.0%
RXRX	F	0.0%
VPG	D	0.0%
ETSY	D	0.0%
CCBG	B	0.0%
LMB	A	0.0%
ATKR	C	0.0%
BYND	F	0.0%
LCID	F	0.0%
RVMD	C	0.0%
CERT	F	0.0%
CSTL	D	0.0%
ESTC	C	0.0%
PFSI	D	0.0%
VRNS	D	0.0%
ARVN	D	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	A	0.0%
PCG	A	0.0%
VITL	D	0.0%
DCO	C	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%
CSGP	D	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	D	0.0%
ENFN	A	0.0%
IBUY	A	0.0%
LSPD	C	0.0%
ANF	C	0.0%
RLJ	C	0.0%
PRG	C	0.0%
PTGX	C	0.0%
RUN	F	0.0%
ACVA	B	0.0%
HCP	B	0.0%
WRBY	B	0.0%
RPAY	D	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	F	0.0%
EDIT	F	0.0%
KEP	B	0.0%
VVI	C	0.0%
REZI	A	0.0%
PL	A	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%
NCLH	B	0.0%
ENVX	F	0.0%
RAMP	C	0.0%
OGN	D	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%
EQT	B	0.0%
APLD	A	0.0%
DRH	B	0.0%
KREF	D	0.0%
LYFT	C	0.0%
EXTR	B	0.0%
ROIV	C	0.0%
PAYO	A	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	D	0.0%
NEO	C	0.0%
ASAN	C	0.0%
FLNC	C	0.0%
PAR	B	0.0%
BJRI	B	0.0%
REPX	A	0.0%
NRIX	D	0.0%
LEGH	D	0.0%
PRCT	B	0.0%
CARS	B	0.0%
TIGR	D	0.0%
AMR	C	0.0%
WIX	B	0.0%
ELAN	D	0.0%
SONO	C	0.0%
CDE	D	0.0%
SQM	F	0.0%
W	F	0.0%
MNMD	C	0.0%
VERV	F	0.0%
GPN	B	0.0%
HEES	B	0.0%
REG	B	0.0%
WEAV	B	0.0%
XMTR	C	0.0%
CMPR	D	0.0%

SPGM Underweight 119 Positions Relative to VSLU

Symbol	Grade	Weight
HLT	A	-0.54%
AZO	C	-0.49%
MAR	B	-0.48%
COR	B	-0.4%
IT	C	-0.3%
IQV	D	-0.29%
CPAY	A	-0.21%
MTD	D	-0.21%
NVR	D	-0.2%
ROP	B	-0.19%
CDW	F	-0.18%
STZ	D	-0.18%
DPZ	C	-0.16%
EW	C	-0.15%
MNST	C	-0.15%
MSI	B	-0.15%
PHM	D	-0.14%
VRSN	F	-0.14%
OMC	C	-0.13%
CAH	B	-0.13%
GWW	B	-0.12%
MCHP	D	-0.12%
CTAS	B	-0.12%
DAL	C	-0.11%
KR	B	-0.1%
WAB	B	-0.1%
STLD	B	-0.09%
MAS	D	-0.09%
UAL	A	-0.09%
FANG	D	-0.09%
RMD	C	-0.09%
CBOE	B	-0.08%
ULTA	F	-0.08%
MOH	F	-0.08%
CCI	D	-0.08%
HUM	C	-0.08%
INCY	C	-0.08%
DVA	B	-0.07%
DG	F	-0.07%
KDP	D	-0.07%
ACGL	D	-0.07%
PAYX	C	-0.07%
DOV	A	-0.07%
GRMN	B	-0.07%
PPG	F	-0.06%
TSCO	D	-0.06%
GPC	D	-0.06%
LEN	D	-0.06%
DECK	A	-0.06%
FDS	B	-0.06%
EFX	F	-0.06%
HIG	B	-0.05%
CTRA	B	-0.05%
VRSK	A	-0.05%
DRI	B	-0.05%
SNA	A	-0.05%
GEN	B	-0.05%
NRG	B	-0.05%
MLM	B	-0.05%
GDDY	A	-0.05%
BG	F	-0.05%
BBY	D	-0.05%
ZBH	C	-0.04%
IPG	D	-0.04%
ROK	B	-0.04%
IP	B	-0.04%
J	F	-0.04%
WRB	A	-0.04%
BR	A	-0.03%
ED	D	-0.03%
JBHT	C	-0.03%
GL	B	-0.03%
VMC	B	-0.03%
AMCR	D	-0.03%
HOLX	D	-0.03%
BALL	D	-0.03%
TROW	B	-0.03%
RF	A	-0.03%
SWKS	F	-0.03%
BWA	D	-0.03%
LH	C	-0.03%
CPT	B	-0.02%
EXPD	D	-0.02%
XYL	D	-0.02%
JBL	B	-0.02%
UDR	B	-0.02%
PFG	D	-0.02%
ROL	B	-0.02%
MAA	B	-0.02%
WTW	B	-0.02%
TDY	B	-0.02%
FITB	A	-0.02%
JKHY	D	-0.02%
IEX	B	-0.02%
RL	B	-0.02%
PKG	A	-0.02%
AVY	D	-0.02%
ATO	A	-0.01%
HRL	D	-0.01%
LUV	C	-0.01%
CE	F	-0.01%
PAYC	B	-0.01%
FRT	B	-0.01%
WY	D	-0.01%
AOS	F	-0.01%
TXT	D	-0.01%
POOL	C	-0.01%
TECH	D	-0.01%
RVTY	F	-0.01%
VTR	C	-0.01%
MGM	D	-0.01%
AVB	B	-0.0%
AIZ	A	-0.0%
EMN	D	-0.0%
HII	D	-0.0%
FFIV	B	-0.0%
QRVO	F	-0.0%
MHK	D	-0.0%
ESS	B	-0.0%