MMTM vs. FBUF ETF Comparison

Comparison of SPDR S&P 1500 Momentum Tilt ETF (MMTM) to Fidelity Dynamic Buffered Equity ETF (FBUF)

MMTM

SPDR S&P 1500 Momentum Tilt ETF

MMTM Description

The investment seeks investment results that, before fees and expenses, correspond to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P 1500 Positive Momentum Tilt Index. It invests substantially all, but at least 80%, of total assets in the securities, including business development companies, comprising the index. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P Composite 1500 Index and stocks with relatively low momentum are underweight. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$265.14

Average Daily Volume

2,372

Number of Holdings ^*

1439

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,170

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	MMTM	FBUF
30 Days	3.51%	3.04%
60 Days	5.12%	4.57%
90 Days	7.46%	6.09%
12 Months	37.98%

142 Overlapping Holdings

Symbol	Grade	Weight in MMTM	Weight in FBUF	Overlap
AAPL	B	5.96%	7.34%	5.96%
ABBV	D	0.68%	0.91%	0.68%
ABT	B	0.16%	0.63%	0.16%
ADBE	C	0.02%	0.94%	0.02%
ADP	B	0.15%	0.26%	0.15%
ALLE	D	0.03%	0.38%	0.03%
ALRM	C	0.01%	0.34%	0.01%
AMAT	F	0.4%	0.67%	0.4%
AME	A	0.04%	0.09%	0.04%
AMGN	D	0.19%	0.25%	0.19%
AMT	D	0.12%	0.21%	0.12%
AMZN	C	4.11%	3.84%	3.84%
ANET	C	0.32%	0.06%	0.06%
ANF	C	0.02%	0.35%	0.02%
AON	A	0.04%	0.12%	0.04%
AVGO	D	2.66%	1.62%	1.62%
AXP	A	0.51%	0.43%	0.43%
BAC	A	0.81%	1.18%	0.81%
BBWI	C	0.0%	0.16%	0.0%
BDX	F	0.01%	0.58%	0.01%
BIIB	F	0.0%	0.21%	0.0%
BK	A	0.17%	0.12%	0.12%
BMY	B	0.03%	0.74%	0.03%
BRK.A	B	1.32%	2.2%	1.32%
C	A	0.36%	0.72%	0.36%
CACI	D	0.03%	0.17%	0.03%
CAH	B	0.02%	0.31%	0.02%
CAT	B	0.56%	0.53%	0.53%
CI	D	0.04%	0.63%	0.04%
CINF	A	0.05%	0.07%	0.05%
CL	D	0.16%	0.55%	0.16%
CLX	C	0.04%	0.14%	0.04%
CMCSA	C	0.05%	0.84%	0.05%
CME	A	0.02%	0.44%	0.02%
CMG	B	0.19%	0.47%	0.19%
COST	B	1.15%	0.3%	0.3%
CRM	B	0.55%	1.16%	0.55%
CRUS	F	0.02%	0.07%	0.02%
CSCO	A	0.06%	0.8%	0.06%
CSX	B	0.04%	0.49%	0.04%
CTAS	B	0.21%	0.65%	0.21%
CVS	D	0.01%	0.23%	0.01%
CVX	B	0.07%	0.02%	0.02%
DBX	C	0.0%	0.52%	0.0%
DIS	B	0.13%	0.65%	0.13%
DVN	F	0.0%	0.52%	0.0%
ECL	D	0.17%	0.63%	0.17%
ED	D	0.02%	0.1%	0.02%
EOG	C	0.01%	0.48%	0.01%
EXEL	A	0.01%	0.43%	0.01%
F	C	0.02%	0.33%	0.02%
FTNT	C	0.1%	0.2%	0.1%
GAP	C	0.02%	0.21%	0.02%
GE	D	0.65%	0.48%	0.48%
GEN	A	0.05%	0.13%	0.05%
GILD	B	0.05%	0.74%	0.05%
GL	C	0.0%	0.13%	0.0%
GOOG	C	1.16%	1.89%	1.16%
GOOGL	C	1.58%	2.04%	1.58%
GRMN	A	0.1%	0.44%	0.1%
HD	A	0.91%	1.32%	0.91%
HWM	B	0.16%	0.38%	0.16%
IDXX	F	0.03%	0.15%	0.03%
INCY	C	0.01%	0.34%	0.01%
INTU	C	0.16%	0.12%	0.12%
ITW	A	0.05%	0.14%	0.05%
JNJ	D	0.17%	0.73%	0.17%
JPM	B	1.81%	1.93%	1.81%
KLAC	F	0.26%	0.61%	0.26%
KR	A	0.05%	0.12%	0.05%
LDOS	D	0.07%	0.31%	0.07%
LHX	C	0.07%	0.21%	0.07%
LLY	F	1.74%	0.76%	0.76%
LMT	D	0.16%	0.71%	0.16%
LNW	D	0.01%	0.16%	0.01%
LRCX	F	0.2%	0.24%	0.2%
MA	B	0.58%	1.36%	0.58%
MEDP	F	0.02%	0.28%	0.02%
META	D	3.99%	2.89%	2.89%
MGM	F	0.0%	0.23%	0.0%
MMC	A	0.07%	0.53%	0.07%
MMM	D	0.23%	0.19%	0.19%
MRK	F	0.11%	0.96%	0.11%
MSCI	C	0.04%	0.26%	0.04%
MSFT	D	3.16%	5.66%	3.16%
MSI	C	0.23%	0.43%	0.23%
MU	D	0.29%	0.5%	0.29%
NBIX	C	0.0%	0.06%	0.0%
NEE	D	0.38%	0.82%	0.38%
NFLX	B	1.07%	1.28%	1.07%
NOC	D	0.03%	0.6%	0.03%
NOW	B	0.56%	0.5%	0.5%
NRG	C	0.06%	0.09%	0.06%
NSC	A	0.08%	0.11%	0.08%
NUE	D	0.0%	0.36%	0.0%
NVDA	C	12.73%	7.37%	7.37%
ORCL	C	0.89%	0.04%	0.04%
OXY	F	0.0%	0.15%	0.0%
PCAR	B	0.05%	0.37%	0.05%
PEP	F	0.06%	0.19%	0.06%
PFE	D	0.02%	0.41%	0.02%
PG	A	0.25%	0.8%	0.25%
PGR	A	0.42%	0.67%	0.42%
PM	B	0.45%	0.94%	0.45%
PPG	D	0.01%	0.34%	0.01%
PSA	C	0.14%	0.17%	0.14%
PYPL	A	0.21%	0.72%	0.21%
QCOM	F	0.48%	0.85%	0.48%
QRVO	F	0.01%	0.06%	0.01%
RSG	A	0.07%	0.23%	0.07%
RTX	D	0.39%	0.28%	0.28%
SCHW	A	0.12%	0.79%	0.12%
SEIC	A	0.01%	0.54%	0.01%
SKYW	B	0.02%	0.31%	0.02%
SPG	C	0.15%	0.44%	0.15%
SPGI	C	0.4%	0.21%	0.21%
SYK	C	0.2%	0.24%	0.2%
T	A	0.39%	0.71%	0.39%
TDC	D	0.0%	0.35%	0.0%
TJX	A	0.21%	0.72%	0.21%
TMO	F	0.39%	0.38%	0.38%
TMUS	A	0.26%	0.28%	0.26%
TNL	A	0.01%	0.04%	0.01%
TOL	A	0.05%	0.02%	0.02%
TPH	C	0.01%	0.18%	0.01%
TROW	A	0.02%	0.28%	0.02%
TRV	B	0.12%	0.26%	0.12%
TSLA	B	1.02%	1.27%	1.02%
TT	B	0.31%	0.68%	0.31%
TXT	D	0.01%	0.5%	0.01%
UBER	D	0.45%	0.24%	0.24%
UNH	B	0.15%	0.57%	0.15%
UNM	A	0.01%	0.1%	0.01%
UNP	C	0.12%	0.75%	0.12%
UTHR	C	0.05%	0.04%	0.04%
V	A	0.33%	0.65%	0.33%
VST	B	0.17%	0.14%	0.14%
WFC	A	0.56%	0.28%	0.28%
WM	A	0.1%	0.41%	0.1%
WMT	B	0.89%	0.82%	0.82%
XOM	C	0.24%	1.56%	0.24%
ZBRA	A	0.06%	0.52%	0.06%

MMTM Overweight 1297 Positions Relative to FBUF

Symbol	Grade	Weight
AMD	F	0.67%
ISRG	C	0.6%
GS	B	0.56%
IBM	C	0.51%
TXN	D	0.43%
PLTR	B	0.4%
MS	B	0.4%
ETN	A	0.4%
BKNG	B	0.4%
BX	B	0.39%
BLK	C	0.38%
BSX	C	0.36%
DHR	D	0.35%
LOW	C	0.35%
KKR	B	0.34%
KO	D	0.33%
FI	A	0.32%
GEV	C	0.3%
PANW	C	0.27%
PH	A	0.27%
ADI	D	0.26%
VZ	B	0.26%
APH	B	0.25%
PNC	A	0.25%
SHW	A	0.25%
CEG	D	0.24%
TDG	D	0.23%
ICE	D	0.22%
CRWD	B	0.21%
MCO	A	0.2%
HCA	F	0.2%
WELL	C	0.2%
CB	D	0.19%
URI	B	0.19%
CARR	C	0.19%
FICO	B	0.19%
USB	A	0.19%
LIN	D	0.18%
MO	A	0.18%
SO	D	0.18%
GM	B	0.18%
RCL	B	0.18%
COF	B	0.17%
TFC	B	0.17%
JCI	C	0.16%
TGT	F	0.16%
VRTX	D	0.15%
MDT	D	0.15%
HLT	A	0.15%
PWR	A	0.15%
FCX	F	0.15%
DHI	D	0.15%
MCD	D	0.14%
OKE	C	0.14%
ACN	B	0.14%
FIS	D	0.14%
AXON	B	0.14%
PLD	D	0.13%
ADSK	B	0.13%
CBRE	B	0.13%
ALL	B	0.13%
REGN	F	0.13%
WMB	B	0.13%
LEN	C	0.13%
DFS	B	0.13%
DUK	C	0.13%
TRGP	B	0.13%
AMP	B	0.13%
D	C	0.12%
DAL	B	0.12%
IR	A	0.12%
NXPI	D	0.12%
GWW	A	0.12%
CMI	A	0.12%
DELL	C	0.12%
AFL	B	0.12%
NEM	F	0.11%
PEG	A	0.11%
GLW	B	0.11%
EXR	C	0.11%
IRM	C	0.11%
HIG	B	0.1%
EFX	D	0.1%
MTB	B	0.1%
WAB	B	0.1%
MET	A	0.1%
IT	C	0.1%
FITB	B	0.1%
O	D	0.1%
RMD	C	0.1%
AEP	D	0.1%
KMI	B	0.1%
NVR	D	0.09%
PRU	A	0.09%
A	D	0.09%
SYF	A	0.09%
MAR	A	0.09%
PHM	C	0.09%
EBAY	C	0.09%
GDDY	B	0.09%
MPWR	F	0.09%
GD	F	0.08%
DECK	A	0.08%
EME	B	0.08%
TSCO	C	0.08%
GEHC	F	0.08%
NDAQ	A	0.08%
UAL	B	0.08%
DLR	A	0.08%
SW	B	0.07%
XYL	D	0.07%
CSL	B	0.07%
CFG	B	0.07%
HUBB	B	0.07%
BLDR	C	0.07%
AVB	B	0.07%
DOV	A	0.07%
HON	B	0.07%
OTIS	C	0.07%
CCI	D	0.07%
CCL	B	0.07%
VTR	D	0.07%
TYL	A	0.07%
EQIX	A	0.07%
ETR	B	0.07%
HBAN	B	0.07%
VLTO	C	0.07%
EIX	A	0.07%
RF	B	0.07%
NTAP	C	0.07%
HPQ	B	0.07%
LII	A	0.06%
WSM	B	0.06%
ORLY	B	0.06%
BURL	B	0.06%
TPL	B	0.06%
PODD	B	0.06%
STT	A	0.06%
THC	D	0.06%
IBKR	B	0.06%
EXPE	B	0.06%
ELV	F	0.06%
IFF	D	0.06%
EMR	A	0.06%
STX	D	0.06%
WDC	C	0.06%
FSLR	F	0.06%
BRO	B	0.06%
MTD	F	0.06%
ROST	C	0.06%
ZTS	D	0.06%
K	A	0.06%
CW	B	0.05%
DE	B	0.05%
PPL	B	0.05%
SRE	A	0.05%
DTE	C	0.05%
PKG	B	0.05%
SFM	B	0.05%
IQV	F	0.05%
HPE	B	0.05%
IP	B	0.05%
MAS	C	0.05%
CPAY	A	0.05%
MLM	B	0.05%
TER	F	0.05%
BBY	D	0.05%
AZO	C	0.05%
EQR	B	0.05%
FIX	A	0.05%
PNR	B	0.05%
AJG	A	0.05%
KEY	A	0.05%
KVUE	A	0.05%
COHR	C	0.05%
WAT	B	0.05%
SF	B	0.04%
BLD	C	0.04%
GNRC	B	0.04%
EVR	B	0.04%
XPO	B	0.04%
KMB	C	0.04%
SRPT	F	0.04%
ERIE	D	0.04%
CDNS	B	0.04%
KDP	D	0.04%
RVTY	D	0.04%
EWBC	B	0.04%
UHS	D	0.04%
FAST	B	0.04%
JEF	A	0.04%
ESS	B	0.04%
DOC	C	0.04%
MDLZ	F	0.04%
AIG	B	0.04%
DUOL	B	0.04%
DKS	C	0.04%
MANH	C	0.04%
WSO	A	0.04%
JLL	B	0.04%
FDX	B	0.04%
TPR	A	0.04%
FNF	B	0.04%
TXRH	A	0.04%
USFD	A	0.04%
BALL	D	0.04%
EQH	B	0.04%
OMC	C	0.04%
VMC	B	0.04%
ACGL	D	0.04%
NTRS	A	0.04%
OC	B	0.04%
PFG	C	0.03%
EA	C	0.03%
SNV	B	0.03%
CVLT	B	0.03%
VRSK	A	0.03%
AWK	D	0.03%
FYBR	D	0.03%
MKC	D	0.03%
ONTO	F	0.03%
TECH	C	0.03%
VTRS	B	0.03%
AA	A	0.03%
GKOS	B	0.03%
FBIN	D	0.03%
CMA	A	0.03%
HLNE	A	0.03%
RL	B	0.03%
BWXT	B	0.03%
ALLY	C	0.03%
BR	A	0.03%
VICI	C	0.03%
FN	D	0.03%
FND	C	0.03%
RPM	A	0.03%
PTC	A	0.03%
SMCI	D	0.03%
ROP	B	0.03%
SCI	A	0.03%
NVT	B	0.03%
MTZ	B	0.03%
CASY	B	0.03%
JNPR	F	0.03%
DD	D	0.03%
NCLH	B	0.03%
KIM	A	0.03%
TTEK	F	0.03%
YUM	B	0.03%
JXN	B	0.03%
HLI	A	0.03%
ES	D	0.03%
ALGN	D	0.03%
AYI	B	0.03%
AAON	B	0.03%
CG	B	0.03%
UDR	B	0.03%
BXP	D	0.03%
CUBE	D	0.03%
SBUX	B	0.03%
ATO	A	0.03%
EMN	D	0.03%
CMS	C	0.03%
LUMN	C	0.03%
CPT	B	0.03%
KEYS	B	0.03%
FFIV	A	0.03%
GME	C	0.03%
CPRT	A	0.03%
WTW	B	0.03%
CTVA	B	0.03%
AVTR	F	0.03%
MLI	C	0.03%
CTSH	B	0.03%
EXP	B	0.03%
WING	F	0.03%
CRS	B	0.03%
ITT	A	0.03%
PCG	B	0.03%
LUV	B	0.03%
LAMR	C	0.03%
NI	A	0.03%
WAL	B	0.03%
CTLT	B	0.03%
PAYX	B	0.03%
RGA	A	0.03%
PSX	C	0.03%
COR	C	0.03%
LYV	A	0.03%
PSTG	D	0.03%
CLH	B	0.03%
RJF	A	0.03%
MAA	B	0.03%
AEE	A	0.02%
KBH	C	0.02%
ALK	A	0.02%
KHC	D	0.02%
LNT	A	0.02%
J	F	0.02%
FANG	F	0.02%
CBSH	B	0.02%
ATR	B	0.02%
ANSS	B	0.02%
SHAK	B	0.02%
PIPR	A	0.02%
CYTK	F	0.02%
RGLD	D	0.02%
MCHP	F	0.02%
ADC	B	0.02%
H	A	0.02%
ABNB	C	0.02%
EPRT	B	0.02%
L	B	0.02%
LITE	B	0.02%
IBP	C	0.02%
DGX	B	0.02%
BRX	A	0.02%
WTFC	B	0.02%
UMBF	B	0.02%
VMI	A	0.02%
ADMA	B	0.02%
LNTH	D	0.02%
CHD	B	0.02%
STE	F	0.02%
AXTA	A	0.02%
BMI	B	0.02%
XEL	A	0.02%
KD	B	0.02%
MUSA	B	0.02%
MTG	B	0.02%
CROX	F	0.02%
SSD	C	0.02%
PRI	A	0.02%
TDY	B	0.02%
NWSA	B	0.02%
ENPH	F	0.02%
DPZ	C	0.02%
AVAV	D	0.02%
OLED	F	0.02%
IVZ	B	0.02%
INVH	D	0.02%
TPX	A	0.02%
ON	C	0.02%
ILMN	C	0.02%
WY	D	0.02%
CNM	D	0.02%
SKX	D	0.02%
PLNT	B	0.02%
RBC	B	0.02%
SLG	B	0.02%
DY	D	0.02%
R	B	0.02%
MATX	C	0.02%
AES	F	0.02%
AIZ	B	0.02%
TKO	B	0.02%
ENSG	D	0.02%
FSS	B	0.02%
AVY	D	0.02%
MARA	C	0.02%
WWD	B	0.02%
EVRG	A	0.02%
FLR	B	0.02%
MASI	A	0.02%
NYT	C	0.02%
KNSL	B	0.02%
SYY	C	0.02%
SSB	B	0.02%
KNF	B	0.02%
DVA	B	0.02%
SWK	D	0.02%
HALO	F	0.02%
EAT	A	0.02%
ARMK	A	0.02%
STZ	D	0.02%
COKE	C	0.02%
CBOE	B	0.02%
FLS	A	0.02%
MTH	C	0.02%
COOP	B	0.02%
RYAN	A	0.02%
KEX	B	0.02%
WRB	A	0.02%
MOG.A	B	0.02%
ACIW	B	0.02%
PFGC	A	0.02%
TSN	B	0.02%
FTV	B	0.02%
HRB	D	0.02%
MCK	C	0.02%
RDNT	C	0.02%
DOCS	C	0.02%
CSWI	A	0.02%
ATI	D	0.02%
FOXA	C	0.02%
ESAB	B	0.02%
FHN	B	0.02%
BRBR	B	0.02%
SNPS	B	0.02%
MKSI	C	0.02%
AMCR	D	0.02%
CIEN	B	0.02%
GIS	D	0.02%
ARE	D	0.02%
VNO	B	0.02%
TMHC	A	0.02%
APD	A	0.02%
AIT	B	0.02%
DOW	F	0.02%
TRMB	B	0.02%
WMS	F	0.02%
DTM	B	0.02%
LPX	B	0.02%
INGR	B	0.02%
CR	B	0.02%
MTSI	B	0.02%
RRX	A	0.02%
GMED	A	0.02%
AWI	B	0.02%
ROL	B	0.02%
FE	D	0.02%
EHC	B	0.02%
HAS	D	0.02%
ACM	A	0.02%
PNFP	B	0.02%
ZION	B	0.02%
MHK	D	0.02%
WEC	A	0.02%
CHRW	C	0.02%
ELS	C	0.01%
ALE	A	0.01%
PBH	B	0.01%
PLUS	F	0.01%
AM	B	0.01%
LSTR	B	0.01%
GHC	B	0.01%
VSTO	A	0.01%
CMC	B	0.01%
FORM	F	0.01%
VNT	C	0.01%
WBS	B	0.01%
FUL	D	0.01%
AIR	B	0.01%
ASTH	F	0.01%
AGO	A	0.01%
HOMB	B	0.01%
UBSI	B	0.01%
CWEN	C	0.01%
PPBI	B	0.01%
URBN	C	0.01%
UCTT	D	0.01%
SLB	C	0.01%
QLYS	C	0.01%
OTTR	C	0.01%
CRVL	B	0.01%
THG	C	0.01%
GPC	D	0.01%
THO	B	0.01%
BANR	B	0.01%
WLK	D	0.01%
KRG	B	0.01%
PFS	B	0.01%
MTX	B	0.01%
CARG	C	0.01%
WS	B	0.01%
MIDD	B	0.01%
NEU	C	0.01%
WTS	B	0.01%
VCEL	B	0.01%
X	C	0.01%
WTRG	B	0.01%
STC	A	0.01%
ADUS	D	0.01%
TBBK	B	0.01%
FRT	A	0.01%
LGND	B	0.01%
VOYA	B	0.01%
NHC	B	0.01%
JBLU	F	0.01%
STAG	D	0.01%
GATX	A	0.01%
PNW	B	0.01%
CPK	A	0.01%
HII	F	0.01%
EGP	D	0.01%
IEX	B	0.01%
VIRT	B	0.01%
PRG	B	0.01%
CDP	C	0.01%
PATK	C	0.01%
CE	F	0.01%
BRC	C	0.01%
PPC	C	0.01%
UCB	B	0.01%
JWN	A	0.01%
AVT	C	0.01%
SPSC	C	0.01%
BOX	A	0.01%
LECO	C	0.01%
CPRX	C	0.01%
NMIH	C	0.01%
B	A	0.01%
WAFD	B	0.01%
RXO	C	0.01%
CVCO	B	0.01%
OGE	A	0.01%
ROIV	B	0.01%
PK	B	0.01%
APOG	B	0.01%
PRK	B	0.01%
SWKS	F	0.01%
CNK	B	0.01%
ATGE	B	0.01%
HSY	F	0.01%
SANM	B	0.01%
APPF	B	0.01%
GRBK	D	0.01%
NSA	C	0.01%
SWX	B	0.01%
ACA	B	0.01%
MCY	B	0.01%
OGN	F	0.01%
PLMR	B	0.01%
KFY	B	0.01%
OLLI	C	0.01%
FDS	B	0.01%
PHIN	B	0.01%
NPO	A	0.01%
RUN	F	0.01%
CRL	C	0.01%
LMAT	B	0.01%
SKT	A	0.01%
MDU	F	0.01%
RS	B	0.01%
ELF	C	0.01%
SEM	B	0.01%
SFNC	B	0.01%
NDSN	B	0.01%
FMC	D	0.01%
DOCN	D	0.01%
HWC	B	0.01%
MKTX	D	0.01%
RLI	A	0.01%
YOU	D	0.01%
CPB	D	0.01%
CF	B	0.01%
PJT	B	0.01%
SATS	D	0.01%
CNC	F	0.01%
PTGX	C	0.01%
CHDN	B	0.01%
CFR	B	0.01%
ASB	B	0.01%
OUT	A	0.01%
AZZ	B	0.01%
DEI	A	0.01%
HOG	F	0.01%
CBU	B	0.01%
HBI	B	0.01%
SLVM	B	0.01%
CNP	A	0.01%
SIG	B	0.01%
CCK	D	0.01%
CNO	A	0.01%
SNA	A	0.01%
HNI	B	0.01%
JKHY	D	0.01%
AMG	B	0.01%
TREX	C	0.01%
ABCB	B	0.01%
FAF	B	0.01%
BKU	B	0.01%
AL	A	0.01%
AMKR	F	0.01%
TRN	B	0.01%
NOVT	D	0.01%
BA	D	0.01%
FBP	B	0.01%
RUSHA	B	0.01%
POST	B	0.01%
CTRE	D	0.01%
M	D	0.01%
KRC	C	0.01%
BJ	B	0.01%
FNB	B	0.01%
ENV	B	0.01%
INTC	C	0.01%
LYB	F	0.01%
WPC	D	0.01%
GVA	B	0.01%
FULT	B	0.01%
IBOC	B	0.01%
KMPR	B	0.01%
DT	C	0.01%
CWK	B	0.01%
BCPC	B	0.01%
BOOT	D	0.01%
BGC	C	0.01%
DRI	B	0.01%
AOS	D	0.01%
REG	B	0.01%
TMDX	F	0.01%
GMS	B	0.01%
SBRA	B	0.01%
LH	B	0.01%
NKE	F	0.01%
HWKN	A	0.01%
VRRM	F	0.01%
ZWS	A	0.01%
SMG	C	0.01%
MAC	A	0.01%
CAG	D	0.01%
HASI	D	0.01%
EW	C	0.01%
ROK	B	0.01%
IIPR	D	0.01%
WD	C	0.01%
CDW	F	0.01%
AFG	A	0.01%
SITM	B	0.01%
UPS	C	0.01%
IDCC	A	0.01%
GGG	B	0.01%
HIW	D	0.01%
CALM	B	0.01%
POOL	C	0.01%
POWL	C	0.01%
MORN	A	0.01%
GFF	B	0.01%
AMH	C	0.01%
DORM	B	0.01%
ITGR	A	0.01%
BKR	C	0.01%
HST	C	0.01%
RH	B	0.01%
INSP	D	0.01%
EXLS	A	0.01%
SBAC	D	0.01%
VVV	F	0.01%
COP	D	0.01%
RDN	C	0.01%
ODFL	B	0.01%
FR	C	0.01%
CNX	B	0.01%
SNX	C	0.01%
VLO	C	0.01%
BCC	B	0.01%
ESNT	D	0.01%
ORI	A	0.01%
GPI	B	0.01%
KMX	B	0.01%
FOX	B	0.01%
MC	B	0.01%
SAIA	C	0.01%
GBCI	B	0.01%
NSIT	F	0.01%
STLD	B	0.01%
EXPD	C	0.01%
SMTC	A	0.01%
FTDR	B	0.01%
GEO	B	0.01%
GLPI	B	0.01%
BCO	D	0.01%
EXC	D	0.01%
JHG	A	0.01%
VFC	C	0.01%
WCC	B	0.01%
UFPI	B	0.01%
AX	B	0.01%
AVNT	B	0.01%
GTES	A	0.01%
BAX	F	0.01%
EXPO	D	0.01%
MMSI	B	0.01%
KTB	A	0.01%
ICUI	D	0.01%
PB	B	0.01%
TTWO	B	0.01%
AROC	B	0.01%
PVH	C	0.01%
COLB	B	0.01%
LAD	B	0.01%
RNR	C	0.01%
RBA	B	0.01%
TFX	F	0.01%
SLM	B	0.01%
CADE	B	0.01%
FFIN	B	0.01%
CUZ	B	0.01%
IRT	B	0.01%
MHO	C	0.01%
ITRI	B	0.01%
LNC	B	0.01%
MPC	F	0.01%
SFBS	B	0.01%
OHI	D	0.01%
CORT	B	0.01%
DCI	A	0.01%
ALTR	B	0.01%
ONB	B	0.01%
TGTX	B	0.01%
KRYS	C	0.01%
BDC	B	0.01%
PI	D	0.01%
NNN	D	0.01%
LRN	B	0.01%
STEP	B	0.01%
HOLX	D	0.01%
CBT	C	0.01%
PSN	D	0.01%
GPK	C	0.01%
FLGT	F	0.0%
BFS	C	0.0%
RGNX	F	0.0%
RES	D	0.0%
PAHC	C	0.0%
SLP	D	0.0%
HZO	C	0.0%
AOSL	C	0.0%
VSAT	F	0.0%
VTLE	C	0.0%
TR	B	0.0%
PCRX	C	0.0%
GDOT	D	0.0%
SPTN	F	0.0%
SEDG	F	0.0%
VIR	F	0.0%
PUMP	C	0.0%
HFWA	B	0.0%
RCUS	F	0.0%
AHCO	D	0.0%
MMI	B	0.0%
EYE	C	0.0%
BSIG	B	0.0%
XPEL	C	0.0%
WOLF	F	0.0%
CBRL	C	0.0%
AVNS	F	0.0%
OMI	F	0.0%
HRMY	D	0.0%
CLB	C	0.0%
PARR	D	0.0%
SBSI	B	0.0%
AORT	B	0.0%
BJRI	B	0.0%
TWI	D	0.0%
DEA	D	0.0%
TALO	C	0.0%
BLMN	F	0.0%
PBI	B	0.0%
LNN	B	0.0%
TGI	B	0.0%
QNST	C	0.0%
DAN	F	0.0%
PGNY	F	0.0%
DGII	B	0.0%
MYE	F	0.0%
FOXF	F	0.0%
HELE	C	0.0%
STAA	F	0.0%
AAT	B	0.0%
ALGM	D	0.0%
CSR	B	0.0%
PEB	D	0.0%
HLIT	F	0.0%
GOGO	C	0.0%
BHLB	B	0.0%
IART	C	0.0%
HOPE	B	0.0%
LEG	D	0.0%
MP	A	0.0%
VSTS	C	0.0%
AMPH	F	0.0%
WGO	C	0.0%
RCM	F	0.0%
FBNC	B	0.0%
DVAX	C	0.0%
NWBI	B	0.0%
FL	D	0.0%
CEVA	B	0.0%
BLFS	C	0.0%
UAA	C	0.0%
SABR	C	0.0%
CNXC	F	0.0%
FTRE	C	0.0%
ADNT	F	0.0%
UNIT	B	0.0%
ROG	D	0.0%
VSH	F	0.0%
LGIH	C	0.0%
CAR	C	0.0%
CNMD	C	0.0%
RNST	B	0.0%
NEO	C	0.0%
NBR	C	0.0%
EXTR	C	0.0%
GDEN	C	0.0%
ARWR	F	0.0%
SBCF	B	0.0%
YELP	C	0.0%
CXW	C	0.0%
VTOL	B	0.0%
ASTE	C	0.0%
HI	C	0.0%
EMBC	C	0.0%
VC	D	0.0%
JACK	D	0.0%
WERN	B	0.0%
MNRO	C	0.0%
DV	C	0.0%
DLX	B	0.0%
SCHL	D	0.0%
NVRI	F	0.0%
LBRT	F	0.0%
SLAB	D	0.0%
USNA	C	0.0%
ARCH	B	0.0%
HAIN	C	0.0%
PII	F	0.0%
COLM	A	0.0%
LCII	C	0.0%
ETD	C	0.0%
PENN	C	0.0%
VICR	B	0.0%
VAC	B	0.0%
PTEN	C	0.0%
POWI	D	0.0%
PCH	C	0.0%
ALGT	B	0.0%
GT	C	0.0%
PLAY	D	0.0%
UNF	B	0.0%
ORA	B	0.0%
HAFC	B	0.0%
CABO	C	0.0%
XNCR	B	0.0%
MSM	C	0.0%
FLO	C	0.0%
CFFN	B	0.0%
NWN	A	0.0%
IRWD	F	0.0%
WABC	B	0.0%
DXC	B	0.0%
CELH	F	0.0%
RC	D	0.0%
SJW	D	0.0%
ST	F	0.0%
PZZA	F	0.0%
LTC	B	0.0%
NGVT	B	0.0%
SEE	C	0.0%
AMN	F	0.0%
BRKL	B	0.0%
BYD	B	0.0%
UA	C	0.0%
NWL	A	0.0%
MODG	F	0.0%
SCL	C	0.0%
MATV	F	0.0%
ECPG	B	0.0%
JOE	F	0.0%
EPC	D	0.0%
HTLD	C	0.0%
AXL	C	0.0%
SM	C	0.0%
LEA	F	0.0%
SXC	B	0.0%
ALG	C	0.0%
FIZZ	B	0.0%
CNSL	C	0.0%
KOP	C	0.0%
MLKN	D	0.0%
XRAY	F	0.0%
BANF	B	0.0%
HPP	F	0.0%
DCOM	B	0.0%
AGCO	D	0.0%
WFRD	F	0.0%
ENR	A	0.0%
WT	B	0.0%
KELYA	F	0.0%
MD	C	0.0%
WHR	B	0.0%
ENOV	C	0.0%
DAR	C	0.0%
AMSF	B	0.0%
USPH	C	0.0%
CGNX	C	0.0%
GES	F	0.0%
JAZZ	B	0.0%
LSCC	D	0.0%
NVEE	F	0.0%
DINO	F	0.0%
MTDR	C	0.0%
G	B	0.0%
SDGR	C	0.0%
GXO	B	0.0%
SVC	F	0.0%
HCI	B	0.0%
AIN	C	0.0%
MXL	C	0.0%
HMN	B	0.0%
KLIC	B	0.0%
PCTY	B	0.0%
AHH	D	0.0%
JBSS	F	0.0%
NSP	F	0.0%
MCRI	A	0.0%
NARI	C	0.0%
SCSC	B	0.0%
OI	C	0.0%
DRH	B	0.0%
JBGS	D	0.0%
GTLS	B	0.0%
SAFT	B	0.0%
TDW	F	0.0%
CWT	D	0.0%
RGEN	D	0.0%
GEF	B	0.0%
UTL	B	0.0%
OMCL	C	0.0%
LKFN	B	0.0%
KSS	F	0.0%
KALU	C	0.0%
HGV	B	0.0%
CHRD	F	0.0%
MAT	D	0.0%
HSIC	B	0.0%
AMR	C	0.0%
ACLS	F	0.0%
BEN	C	0.0%
GSHD	B	0.0%
VRTS	B	0.0%
BL	B	0.0%
WBA	D	0.0%
ROIC	A	0.0%
JJSF	C	0.0%
SHO	C	0.0%
CPRI	F	0.0%
RRC	B	0.0%
TRIP	F	0.0%
MATW	C	0.0%
LESL	C	0.0%
IPAR	B	0.0%
MGPI	F	0.0%
AR	B	0.0%
BHF	B	0.0%
CSGS	B	0.0%
XRX	F	0.0%
KLG	C	0.0%
PAYC	A	0.0%
LQDT	B	0.0%
PLAB	C	0.0%
CTS	B	0.0%
SOLV	C	0.0%
PR	C	0.0%
PRAA	C	0.0%
GO	C	0.0%
UPBD	B	0.0%
PEN	C	0.0%
EVTC	C	0.0%
OPCH	F	0.0%
JBT	B	0.0%
VRE	C	0.0%
TAP	C	0.0%
CC	C	0.0%
MPW	F	0.0%
SJM	D	0.0%
WNC	C	0.0%
ALB	C	0.0%
CERT	D	0.0%
COHU	C	0.0%
MTRN	C	0.0%
GNL	D	0.0%
BXMT	C	0.0%
DAY	A	0.0%
HRL	D	0.0%
ASIX	A	0.0%
MSEX	B	0.0%
UFCS	B	0.0%
COLL	F	0.0%
VIAV	B	0.0%
AAL	B	0.0%
AEIS	B	0.0%
NABL	F	0.0%
CZR	D	0.0%
PDFS	C	0.0%
EFC	C	0.0%
BMRN	F	0.0%
GPRE	F	0.0%
DLTR	D	0.0%
IIIN	C	0.0%
EXPI	C	0.0%
FCF	B	0.0%
NVST	C	0.0%
BG	F	0.0%
TMP	B	0.0%
MOS	F	0.0%
MTN	C	0.0%
OVV	C	0.0%
BGS	F	0.0%
ARCB	C	0.0%
EPAM	C	0.0%
CALX	F	0.0%
HP	C	0.0%
FIVE	D	0.0%
THS	F	0.0%
AKAM	F	0.0%
SYNA	C	0.0%
KAR	B	0.0%
APA	F	0.0%
HCSG	B	0.0%
SHC	F	0.0%
JBL	C	0.0%
PDCO	D	0.0%
TKR	D	0.0%
IPGP	D	0.0%
BDN	C	0.0%
AWR	B	0.0%
MRNA	F	0.0%
BANC	B	0.0%
SAM	C	0.0%
DG	F	0.0%
RWT	D	0.0%
VSCO	B	0.0%
GTY	A	0.0%
PRGO	C	0.0%
ACHC	F	0.0%
JBHT	C	0.0%
FDP	C	0.0%
PRLB	B	0.0%
SHEN	F	0.0%
DNOW	B	0.0%
RGR	F	0.0%
ODP	F	0.0%
INN	C	0.0%
MTCH	F	0.0%
SMP	C	0.0%
YETI	C	0.0%
CAL	D	0.0%
UHT	D	0.0%
VRSN	F	0.0%
MRO	B	0.0%
CEIX	A	0.0%
AMWD	B	0.0%
ALKS	B	0.0%
CHH	A	0.0%
SSTK	F	0.0%
RYN	C	0.0%
VLY	B	0.0%
EGBN	B	0.0%
PNM	F	0.0%
ABR	C	0.0%
TGNA	B	0.0%
LXP	D	0.0%
TRST	B	0.0%
FWRD	D	0.0%
ATEN	B	0.0%
ARW	D	0.0%
WDFC	B	0.0%
NAVI	C	0.0%
MRTN	C	0.0%
NEOG	C	0.0%
LFUS	D	0.0%
AVA	B	0.0%
AAP	C	0.0%
ANDE	D	0.0%
ICHR	C	0.0%
CAKE	B	0.0%
OLN	F	0.0%
SUPN	C	0.0%
BIO	D	0.0%
NX	C	0.0%
VVI	B	0.0%
COTY	F	0.0%
DIOD	D	0.0%
CVBF	B	0.0%
WEN	D	0.0%
CLF	F	0.0%
KN	B	0.0%
CTRA	B	0.0%
HUBG	A	0.0%
FHI	A	0.0%
VAL	F	0.0%
TILE	A	0.0%
PRGS	A	0.0%
PRA	B	0.0%
KMT	B	0.0%
TRUP	B	0.0%
PMT	D	0.0%
TTGT	C	0.0%
FCN	D	0.0%
MTUS	C	0.0%
ASO	F	0.0%
ALEX	B	0.0%
WWW	B	0.0%
WOR	D	0.0%
HTH	B	0.0%
CARS	B	0.0%
APTV	F	0.0%
PAG	B	0.0%
GNTX	C	0.0%
SMPL	B	0.0%
VYX	C	0.0%
CRI	F	0.0%
TEX	D	0.0%
NTCT	B	0.0%
ASGN	D	0.0%
HAYW	B	0.0%
FCPT	C	0.0%
LVS	C	0.0%
ALV	C	0.0%
KWR	D	0.0%
WST	C	0.0%
LIVN	F	0.0%
TTMI	B	0.0%
CHCO	B	0.0%
BC	C	0.0%
LANC	C	0.0%
THRM	D	0.0%
UVV	B	0.0%
EL	F	0.0%
CHE	D	0.0%
NXST	C	0.0%
SAH	B	0.0%
ARI	C	0.0%
ETSY	D	0.0%
PAYO	B	0.0%
EQT	B	0.0%
TRMK	B	0.0%
REX	F	0.0%
IRDM	C	0.0%
MGY	B	0.0%
IBTX	B	0.0%
SR	A	0.0%
LKQ	D	0.0%
MRCY	B	0.0%
INDB	B	0.0%
ZD	C	0.0%
HAL	C	0.0%
PARA	C	0.0%
CCOI	B	0.0%
EIG	B	0.0%
NATL	C	0.0%
BKE	B	0.0%
SBH	B	0.0%
WBD	C	0.0%
PBF	D	0.0%
SXI	A	0.0%
OZK	B	0.0%
AMED	F	0.0%
CXT	B	0.0%
HAE	B	0.0%
CENTA	C	0.0%
UNFI	A	0.0%
TCBI	B	0.0%
REXR	F	0.0%
RAMP	C	0.0%
BHE	B	0.0%
ENS	D	0.0%
OXM	D	0.0%
PRDO	B	0.0%
SON	D	0.0%
MSGS	B	0.0%
RHI	C	0.0%
NWE	A	0.0%
CNXN	C	0.0%
ASH	F	0.0%
PECO	B	0.0%
BRKR	F	0.0%
DXCM	C	0.0%
CUBI	C	0.0%
OII	B	0.0%
HSII	B	0.0%
KNX	B	0.0%
BWA	C	0.0%
XHR	A	0.0%
DLB	B	0.0%
CSGP	C	0.0%
GPN	C	0.0%
AGYS	B	0.0%
LOPE	B	0.0%
GBX	A	0.0%
CATY	B	0.0%
HUM	C	0.0%
ZBH	C	0.0%
ARLO	C	0.0%
HXL	D	0.0%
FFBC	B	0.0%
RMBS	C	0.0%
MSA	C	0.0%
TNDM	F	0.0%
ELME	D	0.0%
GIII	C	0.0%
BOH	B	0.0%
PSMT	C	0.0%
ABG	B	0.0%
ADM	F	0.0%
CHTR	C	0.0%
ROCK	C	0.0%
LULU	C	0.0%
CHX	C	0.0%
NFG	B	0.0%
VBTX	A	0.0%
SCVL	F	0.0%
BKH	B	0.0%
CPF	B	0.0%
INVA	D	0.0%
MAN	D	0.0%
SNEX	A	0.0%
TTC	D	0.0%
WYNN	D	0.0%
SPNT	B	0.0%
APLE	B	0.0%
EPR	D	0.0%
STRA	C	0.0%
LZB	B	0.0%
SIGI	B	0.0%
OGS	A	0.0%
NOV	C	0.0%
FELE	B	0.0%
CRC	C	0.0%
SXT	B	0.0%
MUR	F	0.0%
REZI	B	0.0%
IPG	C	0.0%
PFBC	B	0.0%
MNST	B	0.0%
CCS	D	0.0%
AZTA	D	0.0%
NOG	A	0.0%
KBR	F	0.0%
HES	C	0.0%
CIVI	D	0.0%
FHB	B	0.0%
BLKB	B	0.0%
HQY	B	0.0%
OFG	B	0.0%
GNW	A	0.0%
POR	C	0.0%
SLGN	A	0.0%
NBTB	B	0.0%
LW	C	0.0%
BERY	B	0.0%
AKR	A	0.0%
APAM	B	0.0%
NJR	A	0.0%
MMS	F	0.0%
TDS	B	0.0%
LPG	F	0.0%
ESE	B	0.0%
CASH	B	0.0%
FBK	B	0.0%
NBHC	B	0.0%
STBA	B	0.0%
WH	A	0.0%
EEFT	B	0.0%
EPAC	B	0.0%
ANIP	D	0.0%
TNC	D	0.0%
HLX	C	0.0%
SHOO	D	0.0%
STWD	C	0.0%
TFIN	A	0.0%
AUB	B	0.0%
AEO	F	0.0%
CHEF	B	0.0%
MOH	F	0.0%
PLXS	B	0.0%
MYGN	F	0.0%
MYRG	C	0.0%
EG	C	0.0%
BFH	B	0.0%
OSK	B	0.0%
UE	B	0.0%
CENX	B	0.0%
CNS	B	0.0%
ENVA	B	0.0%
UGI	A	0.0%
DFIN	D	0.0%
HCC	B	0.0%
ULTA	F	0.0%
WEX	F	0.0%
UFPT	C	0.0%
VECO	F	0.0%
WSFS	B	0.0%
OSIS	A	0.0%
WHD	A	0.0%
MGEE	C	0.0%
NWS	B	0.0%
ABM	B	0.0%
SAIC	F	0.0%
IOSP	B	0.0%
AN	B	0.0%
WKC	D	0.0%
WU	D	0.0%
IDA	B	0.0%

MMTM Underweight 13 Positions Relative to FBUF

Symbol	Grade	Weight
SQ	B	-0.6%
ZM	B	-0.53%
CVNA	B	-0.52%
IGT	F	-0.46%
SSNC	A	-0.18%
DASH	A	-0.11%
LPLA	B	-0.11%
TWLO	B	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
PLTK	B	-0.07%
VEEV	B	-0.04%
PEGA	A	-0.02%