SPSM vs. CSA ETF Comparison

Comparison of SPDR Portfolio Small Cap ETF (SPSM) to Compass EMP Small Cap 500 Volatility Weighted Index ETF (CSA)

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.94

Average Daily Volume

1,563,316

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

CSA

Compass EMP Small Cap 500 Volatility Weighted Index ETF

CSA Description

Compass EMP Funds Trust - Compass EMP US Small Cap 500 Volatility Weighted Index ETF is an exchange traded fund launched and managed by Victory Capital Management Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in volatile stocks of small-cap companies with market capitalizations less than $3 billion. It seeks to track the performance of the CEMP US Small Cap 500 Volatility Weighted Index. Compass EMP Funds Trust - Compass EMP US Small Cap 500 Volatility Weighted Index ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$69.47

Average Daily Volume

931

Number of Holdings ^*

478

* may have additional holdings in another (foreign) market

Performance

Period	SPSM	CSA
30 Days	2.43%	2.56%
60 Days	3.92%	4.36%
90 Days	3.69%	4.19%
12 Months	14.52%	17.34%

290 Overlapping Holdings

	Symbol	Grade	Weight in SPSM	Weight in CSA	Overlap
	AAP	F	0.22%	0.09%	0.09%
	ABCB	B	0.31%	0.25%	0.25%
	ABG	D	0.38%	0.19%	0.19%
	ABM	C	0.28%	0.23%	0.23%
	ACA	D	0.34%	0.24%	0.24%
	ACIW	B	0.4%	0.26%	0.26%
	ADUS	B	0.18%	0.32%	0.18%
	AEIS	D	0.31%	0.17%	0.17%
	AEO	D	0.31%	0.14%	0.14%
	AGO	D	0.32%	0.23%	0.23%
	AGYS	C	0.17%	0.19%	0.17%
	AIN	D	0.23%	0.23%	0.23%
	AIR	D	0.17%	0.22%	0.17%
	AL	D	0.36%	0.27%	0.27%
	ALG	D	0.15%	0.19%	0.15%
	ALKS	B	0.37%	0.14%	0.14%
	ALRM	F	0.23%	0.12%	0.12%
	AMN	F	0.16%	0.13%	0.13%
	AMPH	C	0.14%	0.13%	0.13%
	AMR	F	0.21%	0.07%	0.07%
	AMWD	D	0.11%	0.14%	0.11%
	ANDE	D	0.12%	0.17%	0.12%
	ANIP	D	0.07%	0.16%	0.07%
	APAM	D	0.23%	0.19%	0.19%
	ARCB	F	0.19%	0.1%	0.1%
	ARCH	F	0.18%	0.13%	0.13%
	AROC	D	0.23%	0.21%	0.21%
	ASO	C	0.31%	0.12%	0.12%
	ASTH	B	0.16%	0.14%	0.14%
	ATGE	C	0.22%	0.23%	0.22%
	AUB	B	0.27%	0.22%	0.22%
	AVA	B	0.23%	0.3%	0.23%
	AWI	C	0.43%	0.23%	0.23%
	AWR	B	0.24%	0.34%	0.24%
	AX	C	0.27%	0.17%	0.17%
	AZZ	C	0.18%	0.28%	0.18%
	B	D	0.16%	0.14%	0.14%
	BANF	B	0.12%	0.25%	0.12%
	BANR	B	0.16%	0.26%	0.16%
	BCC	C	0.42%	0.17%	0.17%
	BCPC	C	0.43%	0.28%	0.28%
	BGC	B	0.29%	0.23%	0.23%
	BKE	B	0.1%	0.19%	0.1%
	BKU	B	0.22%	0.2%	0.2%
	BL	D	0.2%	0.14%	0.14%
	BLMN	F	0.12%	0.12%	0.12%
	BMI	C	0.47%	0.28%	0.28%
	BOH	B	0.21%	0.17%	0.17%
	BOOT	B	0.32%	0.21%	0.21%
	BOX	A	0.36%	0.28%	0.28%
	BRC	B	0.26%	0.34%	0.26%
	BTU	D	0.19%	0.17%	0.17%
	CABO	F	0.13%	0.13%	0.13%
	CAKE	C	0.14%	0.22%	0.14%
	CALM	B	0.23%	0.25%	0.23%
	CALX	D	0.17%	0.13%	0.13%
	CARG	B	0.17%	0.21%	0.17%
	CATY	B	0.25%	0.22%	0.22%
	CBRL	F	0.07%	0.1%	0.07%
	CBU	B	0.25%	0.25%	0.25%
	CCOI	A	0.24%	0.17%	0.17%
	CCS	B	0.22%	0.18%	0.18%
	CEIX	D	0.2%	0.16%	0.16%
	CENTA	D	0.14%	0.17%	0.14%
	CHCO	B	0.14%	0.32%	0.14%
	CHEF	B	0.12%	0.15%	0.12%
	CNK	A	0.23%	0.27%	0.23%
	CNMD	C	0.17%	0.16%	0.16%
	CNS	B	0.18%	0.22%	0.18%
	CNXN	B	0.06%	0.25%	0.06%
	COHU	F	0.09%	0.15%	0.09%
	COOP	B	0.46%	0.32%	0.32%
	CORT	B	0.25%	0.15%	0.15%
	CPK	A	0.2%	0.28%	0.2%
	CPRX	B	0.18%	0.16%	0.16%
	CRC	D	0.26%	0.19%	0.19%
	CRK	D	0.08%	0.16%	0.08%
	CRS	B	0.54%	0.36%	0.36%
	CRVL	B	0.22%	0.28%	0.22%
	CSGS	C	0.11%	0.15%	0.11%
	CUBI	F	0.11%	0.12%	0.11%
	CVBF	D	0.19%	0.16%	0.16%
	CVCO	B	0.24%	0.17%	0.17%
	CVI	F	0.06%	0.13%	0.06%
	CWEN	B	0.07%	0.22%	0.07%
	CWEN	B	0.18%	0.22%	0.18%
	CWT	B	0.25%	0.3%	0.25%
	CXM	F	0.08%	0.08%	0.08%
	CXW	D	0.12%	0.17%	0.12%
	DAN	F	0.11%	0.14%	0.11%
	DFIN	B	0.13%	0.24%	0.13%
	DIOD	F	0.24%	0.16%	0.16%
	DNOW	D	0.11%	0.13%	0.11%
	DOCN	B	0.15%	0.09%	0.09%
	DORM	B	0.24%	0.19%	0.19%
	DVAX	C	0.11%	0.18%	0.11%
	DY	D	0.38%	0.23%	0.23%
	EAT	B	0.24%	0.27%	0.24%
	ENR	B	0.17%	0.22%	0.17%
	ENVA	B	0.17%	0.2%	0.17%
	EPAC	C	0.17%	0.24%	0.17%
	EPC	C	0.15%	0.27%	0.15%
	ESE	C	0.24%	0.29%	0.24%
	EVTC	D	0.17%	0.22%	0.17%
	EXTR	C	0.15%	0.15%	0.15%
	FBK	B	0.13%	0.22%	0.13%
	FBNC	B	0.13%	0.2%	0.13%
	FBP	B	0.28%	0.27%	0.27%
	FELE	D	0.32%	0.27%	0.27%
	FFBC	B	0.2%	0.24%	0.2%
	FHB	C	0.24%	0.23%	0.23%
	FIZZ	D	0.08%	0.2%	0.08%
	FL	D	0.19%	0.08%	0.08%
	FORM	F	0.29%	0.15%	0.15%
	FOXF	F	0.13%	0.09%	0.09%
	FSS	D	0.44%	0.27%	0.27%
	FTDR	B	0.29%	0.32%	0.29%
	FTRE	F	0.16%	0.08%	0.08%
	FUL	C	0.35%	0.26%	0.26%
	FULT	C	0.27%	0.25%	0.25%
	GBX	D	0.11%	0.11%	0.11%
	GFF	D	0.19%	0.17%	0.17%
	GMS	D	0.28%	0.21%	0.21%
	GNW	B	0.24%	0.22%	0.22%
	GO	F	0.15%	0.16%	0.15%
	GPI	B	0.38%	0.25%	0.25%
	GRBK	B	0.15%	0.2%	0.15%
	GSHD	A	0.17%	0.17%	0.17%
	GVA	B	0.26%	0.26%	0.26%
	HAYW	B	0.14%	0.14%	0.14%
	HCC	F	0.25%	0.15%	0.15%
	HI	F	0.17%	0.14%	0.14%
	HLIT	B	0.13%	0.13%	0.13%
	HMN	B	0.11%	0.28%	0.11%
	HNI	B	0.19%	0.26%	0.19%
	HP	F	0.25%	0.13%	0.13%
	HRMY	B	0.09%	0.11%	0.09%
	HTH	C	0.12%	0.23%	0.12%
	HUBG	B	0.22%	0.25%	0.22%
	HWKN	B	0.18%	0.29%	0.18%
	IART	F	0.11%	0.1%	0.1%
	IBP	D	0.4%	0.14%	0.14%
	IDCC	B	0.27%	0.3%	0.27%
	INDB	B	0.21%	0.21%	0.21%
	IOSP	D	0.22%	0.24%	0.22%
	IPAR	D	0.17%	0.15%	0.15%
	ITGR	A	0.33%	0.23%	0.23%
	ITRI	D	0.36%	0.15%	0.15%
	JACK	F	0.07%	0.13%	0.07%
	JBT	F	0.22%	0.17%	0.17%
	JJSF	C	0.2%	0.31%	0.2%
	JOE	C	0.16%	0.18%	0.16%
	JXN	C	0.45%	0.28%	0.28%
	KFY	C	0.29%	0.29%	0.29%
	KMT	D	0.16%	0.21%	0.16%
	KN	D	0.13%	0.19%	0.13%
	KRYS	D	0.4%	0.11%	0.11%
	KTB	B	0.28%	0.2%	0.2%
	KWR	D	0.18%	0.16%	0.16%
	LBRT	D	0.24%	0.15%	0.15%
	LCII	B	0.24%	0.15%	0.15%
	LESL	F	0.04%	0.03%	0.03%
	LGIH	C	0.17%	0.13%	0.13%
	LGND	B	0.14%	0.2%	0.14%
	LKFN	B	0.13%	0.19%	0.13%
	LMAT	B	0.14%	0.2%	0.14%
	LPG	F	0.1%	0.14%	0.1%
	LRN	B	0.25%	0.27%	0.25%
	LZB	C	0.13%	0.21%	0.13%
	MATX	C	0.36%	0.26%	0.26%
	MCW	F	0.05%	0.09%	0.05%
	MCY	B	0.13%	0.2%	0.13%
	MGEE	B	0.24%	0.41%	0.24%
	MGPI	B	0.11%	0.17%	0.11%
	MGY	D	0.36%	0.23%	0.23%
	MHO	B	0.35%	0.2%	0.2%
	MLI	B	0.62%	0.29%	0.29%
	MLKN	D	0.16%	0.12%	0.12%
	MMSI	A	0.43%	0.24%	0.24%
	MODG	F	0.12%	0.1%	0.1%
	MOG.A	C	0.43%	0.26%	0.26%
	MRTN	D	0.08%	0.22%	0.08%
	MSGS	B	0.27%	0.24%	0.24%
	MTRN	D	0.19%	0.14%	0.14%
	MTX	D	0.19%	0.23%	0.19%
	MYRG	F	0.13%	0.11%	0.11%
	NABL	D	0.07%	0.21%	0.07%
	NAVI	C	0.1%	0.23%	0.1%
	NBTB	B	0.18%	0.28%	0.18%
	NHC	B	0.14%	0.31%	0.14%
	NMIH	B	0.25%	0.38%	0.25%
	NOG	D	0.28%	0.21%	0.21%
	NPO	D	0.26%	0.18%	0.18%
	NSIT	C	0.46%	0.3%	0.3%
	NVEE	F	0.09%	0.18%	0.09%
	NWBI	B	0.14%	0.27%	0.14%
	NWN	B	0.12%	0.26%	0.12%
	ODP	F	0.07%	0.1%	0.07%
	OFG	B	0.17%	0.27%	0.17%
	OII	C	0.21%	0.18%	0.18%
	OSIS	C	0.18%	0.22%	0.18%
	OTTR	D	0.28%	0.17%	0.17%
	OXM	F	0.1%	0.17%	0.1%
	PARR	F	0.09%	0.11%	0.09%
	PATK	B	0.21%	0.22%	0.21%
	PCRX	F	0.05%	0.09%	0.05%
	PDCO	F	0.14%	0.13%	0.13%
	PHIN	B	0.17%	0.15%	0.15%
	PINC	A	0.16%	0.24%	0.16%
	PIPR	B	0.32%	0.31%	0.31%
	PJT	C	0.21%	0.25%	0.21%
	PLAB	F	0.12%	0.1%	0.1%
	PLAY	F	0.08%	0.07%	0.07%
	PLMR	B	0.19%	0.2%	0.19%
	PLUS	B	0.19%	0.18%	0.18%
	PLXS	B	0.27%	0.31%	0.27%
	POWL	C	0.12%	0.06%	0.06%
	PPBI	C	0.19%	0.18%	0.18%
	PRGS	B	0.2%	0.27%	0.2%
	PRK	B	0.19%	0.27%	0.19%
	PRVA	D	0.16%	0.1%	0.1%
	PTEN	F	0.22%	0.1%	0.1%
	PZZA	C	0.12%	0.14%	0.12%
	RDN	B	0.42%	0.36%	0.36%
	RDNT	B	0.34%	0.27%	0.27%
	RES	F	0.04%	0.13%	0.04%
	REZI	D	0.23%	0.12%	0.12%
	RNST	C	0.17%	0.2%	0.17%
	ROCK	D	0.16%	0.16%	0.16%
	ROG	F	0.14%	0.2%	0.14%
	RUSHA	C	0.25%	0.22%	0.22%
	RXO	D	0.26%	0.21%	0.21%
	SAH	C	0.07%	0.17%	0.07%
	SANM	D	0.3%	0.14%	0.14%
	SBCF	B	0.18%	0.2%	0.18%
	SCL	D	0.13%	0.18%	0.13%
	SDGR	F	0.09%	0.07%	0.07%
	SEM	D	0.3%	0.25%	0.25%
	SFBS	B	0.31%	0.16%	0.16%
	SFNC	B	0.21%	0.2%	0.2%
	SHAK	C	0.31%	0.12%	0.12%
	SHOO	C	0.24%	0.23%	0.23%
	SIG	F	0.29%	0.12%	0.12%
	SJW	A	0.13%	0.29%	0.13%
	SKYW	D	0.23%	0.19%	0.19%
	SLVM	B	0.21%	0.17%	0.17%
	SM	D	0.41%	0.16%	0.16%
	SMPL	D	0.22%	0.19%	0.19%
	SNDR	B	0.08%	0.26%	0.08%
	SNEX	C	0.17%	0.25%	0.17%
	SPNT	B	0.11%	0.24%	0.11%
	SSTK	F	0.06%	0.09%	0.06%
	STAA	F	0.12%	0.11%	0.11%
	STC	B	0.16%	0.24%	0.16%
	STEP	B	0.22%	0.33%	0.22%
	STRA	D	0.17%	0.18%	0.17%
	SXI	C	0.16%	0.21%	0.16%
	SXT	C	0.25%	0.25%	0.25%
	TALO	F	0.14%	0.13%	0.13%
	TBBK	B	0.2%	0.2%	0.2%
	TDW	F	0.33%	0.16%	0.16%
	THRM	D	0.12%	0.11%	0.11%
	THS	A	0.15%	0.2%	0.15%
	TNC	D	0.14%	0.21%	0.14%
	TPH	B	0.33%	0.21%	0.21%
	TRIP	F	0.12%	0.07%	0.07%
	TRMK	B	0.16%	0.24%	0.16%
	TRN	C	0.21%	0.22%	0.21%
	UCBI	B	0.28%	0.21%	0.21%
	UFPT	B	0.18%	0.23%	0.18%
	UNF	C	0.22%	0.27%	0.22%
	URBN	D	0.16%	0.14%	0.14%
	USPH	D	0.1%	0.18%	0.1%
	VGR	B	0.16%	0.24%	0.16%
	VIAV	C	0.15%	0.15%	0.15%
	VICR	D	0.07%	0.06%	0.06%
	VIRT	A	0.21%	0.38%	0.21%
	VRRM	D	0.36%	0.33%	0.33%
	VRTS	D	0.11%	0.19%	0.11%
	VSCO	A	0.15%	0.08%	0.08%
	WAFD	B	0.19%	0.24%	0.19%
	WD	B	0.28%	0.18%	0.18%
	WDFC	A	0.27%	0.17%	0.17%
	WERN	D	0.18%	0.24%	0.18%
	WGO	D	0.14%	0.17%	0.14%
	WHD	C	0.3%	0.23%	0.23%
	WOR	F	0.11%	0.12%	0.11%
	WSFS	C	0.25%	0.22%	0.22%
	XPEL	C	0.07%	0.11%	0.07%
	YELP	F	0.18%	0.16%	0.16%

SPSM Overweight 287 Positions Relative to CSA

	Symbol	Grade	Weight
	FN	C	0.69%
	ENSG	B	0.65%
	ATI	C	0.63%
	CMA	B	0.58%
	SPSC	D	0.57%
	MTH	B	0.56%
	GKOS	B	0.53%
	RHI	D	0.51%
	VFC	B	0.47%
	OGN	C	0.45%
	LNC	C	0.43%
	EPRT	A	0.43%
	AVAV	B	0.42%
	LUMN	B	0.42%
	SEE	D	0.39%
	MC	B	0.37%
	RUN	B	0.36%
	MARA	F	0.36%
	PECO	A	0.35%
	ALK	D	0.35%
	SLG	B	0.34%
	CTRE	A	0.33%
	PBH	A	0.29%
	HASI	B	0.29%
	DXC	A	0.29%
	ACLS	F	0.28%
	IAC	C	0.28%
	GTES	C	0.28%
	IIPR	B	0.27%
	SKT	A	0.26%
	ICUI	B	0.26%
	MAC	B	0.26%
	HIW	B	0.26%
	ENV	B	0.25%
	APLE	F	0.25%
	LXP	B	0.24%
	BXMT	C	0.24%
	PENN	F	0.22%
	TNDM	B	0.22%
	MPW	C	0.21%
	PRFT	A	0.21%
	DEI	B	0.21%
	DV	F	0.21%
	NWL	A	0.21%
	SMTC	B	0.21%
	MYGN	B	0.2%
	ABR	B	0.2%
	CWK	B	0.2%
	VCEL	C	0.2%
	FCPT	A	0.2%
	OUT	B	0.19%
	SITM	C	0.19%
	PFS	B	0.19%
	UE	B	0.19%
	PTGX	B	0.19%
	PSMT	B	0.18%
	NARI	D	0.18%
	VSTO	C	0.18%
	SATS	A	0.18%
	AKR	B	0.18%
	TDS	B	0.18%
	KLIC	F	0.18%
	KSS	F	0.17%
	HBI	B	0.17%
	OI	C	0.16%
	TTMI	D	0.16%
	PRG	B	0.16%
	IBTX	B	0.16%
	OMCL	A	0.16%
	NEO	B	0.16%
	SHO	D	0.16%
	SUPN	B	0.15%
	MRCY	B	0.15%
	NATL	D	0.15%
	BANC	B	0.15%
	VECO	F	0.15%
	ROIC	B	0.15%
	FCF	B	0.14%
	VSTS	C	0.14%
	GEO	D	0.14%
	DRH	D	0.14%
	KAR	D	0.14%
	STBA	B	0.13%
	HLX	D	0.13%
	NBHC	B	0.13%
	RAMP	F	0.13%
	JBLU	D	0.13%
	GNL	A	0.13%
	UCTT	F	0.13%
	TRUP	B	0.13%
	CASH	A	0.13%
	LEG	D	0.13%
	NTCT	C	0.12%
	BHE	C	0.12%
	HOPE	B	0.12%
	PEB	D	0.12%
	GTY	B	0.12%
	LTC	A	0.12%
	ARI	C	0.11%
	LNN	D	0.11%
	WABC	C	0.11%
	DEA	A	0.11%
	CAL	B	0.11%
	ALEX	B	0.11%
	XHR	D	0.11%
	APOG	C	0.11%
	JBGS	B	0.11%
	SONO	F	0.11%
	SEDG	F	0.11%
	CTS	D	0.11%
	PRDO	D	0.11%
	NX	D	0.1%
	XRX	D	0.1%
	RC	F	0.1%
	SCSC	C	0.1%
	SAFT	B	0.1%
	KW	B	0.1%
	NGVT	F	0.1%
	AAT	B	0.1%
	SBH	B	0.1%
	UVV	B	0.1%
	CERT	F	0.1%
	VBTX	B	0.1%
	AVNS	B	0.09%
	CSR	B	0.09%
	MSEX	B	0.09%
	PBI	C	0.09%
	SABR	F	0.09%
	EFC	B	0.09%
	KLG	B	0.09%
	OMI	C	0.09%
	BHLB	B	0.09%
	KALU	F	0.09%
	ECPG	C	0.09%
	VSAT	D	0.09%
	ARLO	F	0.09%
	EIG	B	0.09%
	COLL	B	0.09%
	PMT	C	0.09%
	EXPI	F	0.08%
	UTL	B	0.08%
	FDP	B	0.08%
	AOSL	D	0.08%
	SBSI	B	0.08%
	RWT	B	0.08%
	MCRI	A	0.08%
	QNST	B	0.08%
	PFBC	C	0.08%
	MATV	B	0.08%
	ICHR	F	0.08%
	DGII	B	0.08%
	GIII	A	0.08%
	SGH	F	0.08%
	FWRD	D	0.08%
	XNCR	F	0.08%
	INVA	B	0.08%
	WS	D	0.08%
	UNIT	A	0.08%
	TGI	D	0.08%
	TILE	B	0.08%
	NXRT	B	0.08%
	CARS	D	0.08%
	WWW	A	0.08%
	WNC	F	0.07%
	AHCO	A	0.07%
	UNFI	A	0.07%
	EMBC	B	0.07%
	CLB	F	0.07%
	DCOM	B	0.07%
	BDN	B	0.07%
	DLX	D	0.07%
	BRKL	B	0.07%
	MXL	F	0.07%
	GPRE	F	0.07%
	PRAA	D	0.07%
	NVRI	C	0.07%
	MD	B	0.07%
	BLFS	B	0.07%
	VTOL	C	0.07%
	MMI	B	0.07%
	RCUS	C	0.07%
	ATEN	D	0.07%
	AMSF	B	0.07%
	PDFS	D	0.07%
	VIR	F	0.06%
	VVI	D	0.06%
	ETH	F	0.06%
	RGR	F	0.06%
	INN	B	0.06%
	SCVL	B	0.06%
	CFFN	C	0.06%
	SPTN	A	0.06%
	SXC	F	0.06%
	BJRI	D	0.06%
	CENX	F	0.06%
	HAIN	B	0.06%
	PRLB	F	0.06%
	SVC	D	0.06%
	HAYN	A	0.06%
	AXL	F	0.06%
	CPF	B	0.06%
	SHEN	F	0.06%
	ASTE	D	0.06%
	TMP	B	0.06%
	MATW	F	0.06%
	HSII	B	0.06%
	HCSG	D	0.06%
	MNRO	D	0.06%
	HFWA	B	0.06%
	ASIX	B	0.06%
	SCHL	D	0.06%
	AHH	B	0.06%
	EYE	F	0.06%
	KOP	D	0.06%
	JBSS	D	0.06%
	THRY	D	0.05%
	HAFC	B	0.05%
	ALGT	F	0.05%
	SMP	C	0.05%
	EZPW	B	0.05%
	MTUS	F	0.05%
	WSR	D	0.05%
	CHUY	A	0.05%
	HZO	D	0.05%
	PUMP	F	0.05%
	SWI	B	0.05%
	TRST	B	0.05%
	IIIN	D	0.05%
	EGBN	C	0.05%
	HPP	D	0.05%
	IRWD	F	0.05%
	REX	F	0.05%
	KELYA	D	0.05%
	BGS	C	0.05%
	DXPE	B	0.05%
	PRA	C	0.05%
	BSIG	C	0.05%
	KREF	A	0.05%
	HSTM	C	0.05%
	GDEN	C	0.05%
	HCI	A	0.05%
	MLAB	B	0.05%
	NBR	F	0.05%
	TTGT	F	0.05%
	USNA	F	0.04%
	CHCT	F	0.04%
	GOGO	D	0.04%
	FLGT	D	0.04%
	CCRN	F	0.04%
	LQDT	C	0.04%
	DIN	F	0.04%
	GDOT	B	0.04%
	VREX	F	0.04%
	AMBC	F	0.04%
	BFS	B	0.04%
	TR	A	0.04%
	CTKB	F	0.04%
	RGNX	F	0.04%
	CLW	F	0.04%
	GES	F	0.04%
	DRQ	F	0.04%
	CEVA	B	0.04%
	UHT	A	0.04%
	MYE	D	0.04%
	HTLD	D	0.04%
	SLP	F	0.04%
	DBI	F	0.03%
	AMCX	F	0.03%
	CNSL	A	0.03%
	HVT	D	0.03%
	CENT	D	0.03%
	MOV	F	0.03%
	ZEUS	F	0.03%
	SNCY	D	0.03%
	NPK	D	0.03%
	WRLD	D	0.03%
	CVGW	C	0.03%
	HTZ	F	0.03%
	TWI	D	0.03%
	PAHC	B	0.03%
	UFCS	D	0.03%
	NUS	F	0.03%
	MERC	F	0.02%
	CRSR	F	0.02%
	DDD	F	0.02%
	CMP	F	0.02%
	RILY	F	0.01%

SPSM Underweight 189 Positions Relative to CSA

	Symbol	Grade	Weight
	MTG	B	-0.42%
	NNI	B	-0.42%
	KEX	D	-0.4%
	THG	A	-0.36%
	MDU	D	-0.36%
	SFM	B	-0.35%
	RYAN	B	-0.35%
	CNO	B	-0.35%
	AXS	B	-0.34%
	NFG	B	-0.34%
	CSWI	C	-0.34%
	HRB	B	-0.33%
	VCTR	B	-0.33%
	NWE	A	-0.33%
	SR	B	-0.33%
	NJR	A	-0.33%
	POR	B	-0.33%
	HLNE	B	-0.32%
	HLI	B	-0.32%
	CNX	B	-0.31%
	IMKTA	D	-0.31%
	GHC	C	-0.31%
	OGS	B	-0.31%
	AVT	C	-0.3%
	SEB	C	-0.3%
	CWST	C	-0.3%
	FLS	C	-0.3%
	KNTK	A	-0.3%
	R	C	-0.3%
	GATX	C	-0.3%
	BCO	B	-0.29%
	BKH	A	-0.29%
	ESGR	D	-0.29%
	GMED	C	-0.29%
	ICFI	B	-0.28%
	WEN	C	-0.28%
	SPB	B	-0.28%
	IBOC	C	-0.28%
	CRUS	C	-0.28%
	TOWN	B	-0.27%
	FHI	B	-0.27%
	ESI	D	-0.27%
	MMS	C	-0.27%
	HOMB	B	-0.27%
	WTM	B	-0.27%
	MWA	C	-0.27%
	LAUR	C	-0.26%
	LOPE	D	-0.26%
	MSM	D	-0.26%
	SWX	D	-0.26%
	MAN	D	-0.26%
	CBZ	D	-0.26%
	FNB	C	-0.26%
	AGM	D	-0.26%
	SLGN	B	-0.26%
	FA	B	-0.26%
	PRIM	C	-0.26%
	COLM	B	-0.26%
	EFSC	B	-0.26%
	ONB	C	-0.25%
	AMG	C	-0.25%
	CBT	B	-0.25%
	BLKB	B	-0.25%
	TGNA	D	-0.25%
	GEF	D	-0.25%
	EXLS	B	-0.25%
	AVNT	B	-0.24%
	ORA	C	-0.24%
	YOU	B	-0.24%
	EXPO	B	-0.24%
	NEU	D	-0.24%
	IESC	C	-0.24%
	HWC	C	-0.23%
	WMK	B	-0.23%
	WU	C	-0.23%
	HAE	F	-0.23%
	EBC	B	-0.23%
	SLM	D	-0.23%
	BRBR	A	-0.23%
	WTS	D	-0.23%
	PFSI	A	-0.23%
	UMBF	B	-0.23%
	FRME	C	-0.23%
	FFIN	B	-0.22%
	ESAB	D	-0.22%
	UBSI	B	-0.22%
	OLLI	D	-0.22%
	ASGN	D	-0.22%
	ASB	C	-0.21%
	KAI	D	-0.21%
	LTH	B	-0.21%
	KBH	B	-0.21%
	VSH	F	-0.21%
	TCBI	A	-0.21%
	GOLF	C	-0.21%
	ENS	D	-0.21%
	VNT	F	-0.2%
	MTSI	D	-0.2%
	FLR	C	-0.2%
	ROAD	C	-0.2%
	LEVI	C	-0.2%
	ASH	D	-0.2%
	WING	C	-0.2%
	WSBC	B	-0.2%
	CACC	F	-0.2%
	GPOR	D	-0.19%
	HURN	C	-0.19%
	WMG	F	-0.19%
	RRR	C	-0.19%
	CHWY	B	-0.19%
	SNV	C	-0.19%
	CRI	C	-0.19%
	MBIN	C	-0.19%
	INSW	D	-0.18%
	GBCI	B	-0.18%
	KNF	C	-0.18%
	COLB	B	-0.18%
	CADE	C	-0.18%
	FIBK	B	-0.18%
	VC	F	-0.17%
	AESI	B	-0.17%
	TNL	D	-0.17%
	MOD	C	-0.16%
	SKY	B	-0.16%
	CNXC	C	-0.16%
	SUM	D	-0.16%
	OZK	D	-0.16%
	PR	D	-0.16%
	DOCS	B	-0.16%
	EEFT	D	-0.16%
	NMRK	A	-0.16%
	BDC	B	-0.16%
	CRGY	D	-0.15%
	BROS	D	-0.15%
	NSP	F	-0.15%
	FYBR	A	-0.15%
	ANF	D	-0.15%
	ZD	F	-0.15%
	JWN	A	-0.15%
	SCS	C	-0.15%
	UAA	B	-0.14%
	TEX	D	-0.14%
	DK	F	-0.14%
	LOB	B	-0.14%
	FOR	D	-0.14%
	NEOG	D	-0.14%
	AMRX	A	-0.14%
	QLYS	F	-0.14%
	HLIO	F	-0.14%
	AZEK	D	-0.14%
	SAM	D	-0.14%
	HRI	D	-0.13%
	FWRG	D	-0.13%
	VRNT	F	-0.13%
	JBI	F	-0.13%
	CMPR	B	-0.13%
	FOUR	B	-0.13%
	GAP	F	-0.13%
	DDS	D	-0.13%
	HEES	F	-0.13%
	RVLV	B	-0.12%
	ADNT	F	-0.12%
	YETI	D	-0.12%
	STRL	C	-0.12%
	APPF	D	-0.12%
	MSTR	F	-0.11%
	M	F	-0.11%
	MSGE	B	-0.11%
	PEGA	B	-0.11%
	CWH	C	-0.11%
	ARHS	F	-0.11%
	MP	C	-0.11%
	VAC	F	-0.11%
	JELD	F	-0.1%
	IAS	C	-0.1%
	BOWL	D	-0.1%
	CVNA	C	-0.1%
	PGNY	D	-0.1%
	KOS	F	-0.1%
	HPK	D	-0.09%
	TGTX	B	-0.08%
	USM	B	-0.08%
	NSSC	F	-0.08%
	HELE	D	-0.07%
	DFH	C	-0.07%
	UPWK	F	-0.06%
	ARRY	F	-0.05%
	SHLS	F	-0.05%
	ACMR	F	-0.04%

SPSM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Packaged Foods Diversified Industrials Oil & Gas Equipment & Services Restaurants Software - Application Specialty Chemicals Asset Management REIT - Retail Insurance - Property & Casualty Auto Parts Communication Equipment Drug Manufacturers - Specialty & Generic REIT - Hotel & Motel Software - Infrastructure Specialty Retail Telecom Services Apparel Stores

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Commercial Bank Insurance Semiconductor Retail Store Transport Commercial Banking Mining Mortgage Loan Fashion Investment Management

CSA: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Oil & Gas E&P Software - Application Restaurants Specialty Chemicals Asset Management Biotechnology Building Materials Business Services Engineering & Construction Auto Parts Electronic Components Oil & Gas Equipment & Services Residential Construction Apparel Manufacturing Credit Services Insurance - Property & Casualty Packaged Foods Software - Infrastructure

Keywords: Bank Banking Deposit Products Chemical Natural Gas Insurance Mining Aerospace Construction Real Estate Loans Commercial Banking Commercial Bank Trust Services Clothing Computing Electronics Individual Retirement Account Investment Management Transport Medicine