SPGM vs. AVDE ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Avantis International Equity ETF (AVDE)

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

$64.73

Average Daily Volume

50,343

Number of Holdings ^*

1000

* may have additional holdings in another (foreign) market

AVDE

Avantis International Equity ETF

AVDE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of non-U.S. companies across countries, market sectors and industry groups. It may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities. It also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$67.24

Average Daily Volume

224,932

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	AVDE
30 Days	3.10%	2.34%
60 Days	5.91%	6.14%
90 Days	6.50%	8.00%
12 Months	30.93%	22.00%

39 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in AVDE	Overlap
ABBV	B	0.19%	0.12%	0.12%
ABBV	B	0.42%	0.12%	0.12%
AZN	D	0.1%	0.49%	0.1%
BCS	B	0.06%	0.33%	0.06%
CNI	D	0.14%	0.26%	0.14%
DEO	C	0.07%	0.23%	0.07%
E	D	0.06%	0.14%	0.06%
FLNG	D	0.01%	0.0%	0.0%
FRO	D	0.01%	0.01%	0.01%
FUTU	A	0.01%	0.01%	0.01%
GLBE	C	0.0%	0.0%	0.0%
GRAB	B	0.0%	0.01%	0.0%
HMC	D	0.03%	0.22%	0.03%
IAG	C	0.0%	0.04%	0.0%
KRNT	A	0.0%	0.0%	0.0%
LSPD	C	0.0%	0.0%	0.0%
LYG	B	0.06%	0.28%	0.06%
MBAVU	D	0.0%	0.01%	0.0%
MFG	D	0.06%	0.16%	0.06%
MLCO	C	0.0%	0.0%	0.0%
MNDY	C	0.01%	0.0%	0.0%
MT	C	0.02%	0.12%	0.02%
MUFG	D	0.15%	0.31%	0.15%
NNDM	C	0.0%	0.0%	0.0%
NVS	C	0.25%	0.83%	0.25%
ORLA	D	0.0%	0.0%	0.0%
PIXY	F	0.01%	0.0%	0.0%
RENB	F	0.0%	0.0%	0.0%
SE	B	0.04%	0.04%	0.04%
SHOP	C	0.11%	0.1%	0.1%
SMFG	D	0.07%	0.27%	0.07%
STLA	F	0.05%	0.11%	0.05%
TAC	B	0.03%	0.02%	0.02%
TD	C	0.13%	0.27%	0.13%
TEVA	D	0.01%	0.06%	0.01%
TM	D	0.28%	0.6%	0.28%
UL	B	0.19%	0.31%	0.19%
VGR	C	0.07%	0.0%	0.0%
WIX	C	0.0%	0.01%	0.0%

SPGM Overweight 961 Positions Relative to AVDE

Symbol	Grade	Weight
AAPL	C	3.82%
MSFT	C	3.54%
NVDA	C	3.3%
AMZN	C	2.03%
META	B	1.46%
GOOG	D	1.05%
GOOGL	D	1.05%
TSM	C	0.93%
AVGO	C	0.91%
LLY	D	0.87%
JPM	D	0.82%
TSLA	C	0.75%
BRK.A	C	0.71%
XOM	D	0.66%
UNH	C	0.66%
V	C	0.64%
COST	C	0.57%
HD	B	0.55%
PG	C	0.5%
TMO	B	0.46%
BAC	D	0.46%
JNJ	C	0.42%
CRM	C	0.41%
MA	B	0.41%
ORCL	B	0.4%
MRK	F	0.39%
WMT	B	0.39%
TXN	B	0.38%
INTU	D	0.36%
TJX	C	0.35%
ADBE	F	0.35%
DHR	B	0.34%
KO	B	0.34%
ABT	C	0.34%
LIN	B	0.34%
AXP	B	0.34%
CSCO	B	0.33%
RTX	B	0.33%
WFC	D	0.33%
CVX	F	0.32%
NFLX	B	0.32%
GS	B	0.32%
LOW	B	0.3%
CAT	B	0.29%
IBM	B	0.29%
QCOM	D	0.28%
PEP	D	0.28%
AMD	C	0.27%
ACN	C	0.27%
UNP	D	0.27%
LMT	A	0.27%
AMAT	D	0.27%
CB	B	0.27%
NEE	B	0.27%
BKNG	B	0.26%
DIS	D	0.25%
SPGI	C	0.25%
AMGN	D	0.25%
PLD	C	0.25%
AFL	A	0.25%
MDT	B	0.24%
C	C	0.24%
GD	C	0.24%
PSA	C	0.24%
MS	B	0.24%
ELV	D	0.23%
MCD	B	0.23%
SONY	C	0.22%
ADP	C	0.22%
ETN	C	0.22%
A	C	0.22%
CMI	B	0.22%
T	B	0.21%
MCK	F	0.21%
PFE	D	0.21%
NKE	D	0.21%
WM	D	0.21%
TRV	C	0.2%
BABA	B	0.2%
MET	B	0.2%
SBUX	C	0.2%
PM	C	0.2%
ORLY	B	0.2%
DE	A	0.19%
CSX	C	0.19%
SYK	C	0.19%
AMT	C	0.19%
ROST	C	0.19%
HON	C	0.19%
MMC	C	0.18%
NOC	B	0.18%
GILD	B	0.18%
ADI	C	0.18%
BK	B	0.18%
COP	F	0.18%
TT	B	0.18%
IBN	C	0.18%
DFS	C	0.17%
ISRG	C	0.17%
AEP	C	0.17%
CMCSA	C	0.17%
BDX	D	0.17%
INFY	C	0.17%
EMR	D	0.17%
MPC	F	0.17%
PGR	C	0.17%
ALL	C	0.16%
FDX	D	0.16%
NSC	C	0.16%
TEL	D	0.16%
JCI	B	0.16%
VZ	A	0.15%
NOW	C	0.15%
PRU	C	0.15%
EOG	D	0.15%
GE	C	0.15%
PNC	C	0.15%
PH	B	0.15%
SPG	B	0.14%
CVS	D	0.14%
BSX	B	0.14%
REGN	D	0.14%
GLW	B	0.14%
CEG	C	0.14%
CL	C	0.14%
ECL	B	0.14%
PEG	B	0.14%
SCHW	D	0.14%
COF	B	0.13%
KEYS	B	0.13%
CTSH	B	0.13%
TGT	C	0.13%
ITW	B	0.13%
RDY	D	0.13%
UBER	C	0.13%
HSY	D	0.13%
PYPL	B	0.13%
USB	C	0.12%
KMB	C	0.12%
FAST	C	0.12%
MKC	C	0.12%
EIX	B	0.12%
CLX	C	0.12%
IR	B	0.12%
BMY	C	0.12%
SYY	C	0.12%
INTC	D	0.12%
EBAY	B	0.11%
UPS	D	0.11%
HPQ	C	0.11%
YUM	B	0.11%
ROIC	C	0.11%
MMM	B	0.11%
VLO	F	0.11%
MELI	C	0.11%
HES	F	0.11%
MTB	C	0.11%
PANW	D	0.1%
NTAP	D	0.1%
ZTS	B	0.1%
CMG	D	0.1%
BA	F	0.1%
DUK	B	0.1%
CHRW	B	0.09%
CHT	B	0.09%
CI	C	0.09%
BIIB	F	0.09%
CME	B	0.09%
CHTR	D	0.09%
UMH	C	0.09%
ADM	D	0.09%
CTVA	B	0.08%
LYB	D	0.08%
TSN	D	0.08%
SJM	C	0.08%
CRWD	D	0.08%
DD	B	0.08%
PPL	A	0.08%
GM	C	0.08%
BLK	B	0.08%
MO	C	0.08%
CDNS	D	0.07%
CARR	B	0.07%
K	A	0.07%
EXC	B	0.07%
LRCX	D	0.07%
HDB	C	0.07%
VALE	C	0.07%
WMB	C	0.07%
WDC	C	0.07%
STX	B	0.07%
NXRT	D	0.07%
DOW	C	0.07%
PDD	D	0.07%
MRO	D	0.07%
ANET	C	0.07%
F	F	0.07%
CHD	C	0.07%
SLB	F	0.07%
UMC	B	0.07%
AON	B	0.07%
FE	B	0.07%
PLTR	C	0.07%
STT	B	0.07%
VRTX	D	0.07%
SO	B	0.07%
APD	B	0.07%
TMUS	B	0.06%
TCOM	B	0.06%
EL	D	0.06%
WIT	C	0.06%
MDLZ	C	0.06%
GIS	B	0.06%
BAX	C	0.06%
FTV	C	0.06%
HPE	C	0.06%
PKX	D	0.06%
EQR	C	0.06%
MU	D	0.06%
DEA	D	0.06%
JNPR	A	0.06%
NMR	F	0.05%
SYF	C	0.05%
VLTO	B	0.05%
FOXA	B	0.05%
GOOD	B	0.05%
HAL	F	0.05%
BEN	F	0.05%
TTD	B	0.05%
DOC	B	0.05%
GEV	B	0.05%
OXY	F	0.05%
KLAC	D	0.05%
MOD	C	0.05%
VRT	C	0.05%
ITUB	B	0.05%
PSX	F	0.05%
CAG	B	0.05%
BX	C	0.05%
KVUE	B	0.04%
LW	D	0.04%
LNTH	D	0.04%
ALLE	B	0.04%
KB	D	0.04%
AXON	B	0.04%
OTIS	B	0.04%
TMDX	C	0.04%
SNPS	F	0.04%
FCX	C	0.04%
ABNB	D	0.04%
MRVL	D	0.04%
DLTR	F	0.04%
EQIX	B	0.04%
NEM	C	0.04%
IFF	A	0.03%
SHG	C	0.03%
FTI	D	0.03%
SQ	D	0.03%
AXNX	B	0.03%
APP	C	0.03%
KMI	C	0.03%
RCL	B	0.03%
HOV	D	0.03%
NET	D	0.03%
NU	C	0.03%
DASH	B	0.03%
AA	C	0.03%
HCA	B	0.03%
YUMC	C	0.03%
BIDU	C	0.03%
SNOW	F	0.03%
TBBK	C	0.03%
PBR	D	0.03%
BRSP	D	0.03%
LNW	F	0.03%
BBD	C	0.03%
MPWR	B	0.03%
LDOS	A	0.03%
SHW	B	0.03%
COIN	F	0.03%
TPR	A	0.03%
LVS	C	0.03%
DX	B	0.03%
PINS	D	0.02%
ICE	C	0.02%
NUE	D	0.02%
GGB	C	0.02%
INSP	D	0.02%
CCL	C	0.02%
DXCM	F	0.02%
GRBK	B	0.02%
BLDR	C	0.02%
VEEV	C	0.02%
OII	D	0.02%
TDG	B	0.02%
HUBS	D	0.02%
ACEL	C	0.02%
PARA	D	0.02%
ZM	C	0.02%
LULU	D	0.02%
TTGT	F	0.02%
RBLX	C	0.02%
CHCT	F	0.02%
AZEK	C	0.02%
MCO	C	0.02%
AIV	C	0.02%
ZS	F	0.02%
SKY	B	0.02%
DYN	D	0.02%
MOS	F	0.02%
URI	B	0.02%
TEAM	D	0.02%
WBD	D	0.02%
ABEV	C	0.02%
FSLR	C	0.02%
CFG	D	0.02%
CF	B	0.02%
DKNG	C	0.02%
AHH	D	0.02%
DELL	C	0.02%
MDB	D	0.02%
HIMS	D	0.02%
CHX	F	0.02%
LI	D	0.02%
MSTR	C	0.02%
BABA	B	0.02%
FICO	B	0.02%
QTWO	C	0.02%
GOLD	C	0.02%
ADMA	C	0.02%
WTTR	D	0.02%
CVNA	B	0.02%
WDAY	D	0.02%
IIPR	B	0.02%
BKR	C	0.02%
FTNT	B	0.02%
MRNA	F	0.02%
ITCI	D	0.02%
DDOG	D	0.02%
SMCI	F	0.02%
GEHC	B	0.02%
NEO	F	0.01%
KREF	C	0.01%
VMEO	C	0.01%
LEGH	C	0.01%
SRRK	F	0.01%
FLNC	C	0.01%
WSR	D	0.01%
RLAY	F	0.01%
NOVA	D	0.01%
JBI	F	0.01%
NRIX	D	0.01%
M	F	0.01%
VERV	F	0.01%
LASR	F	0.01%
GNRC	D	0.01%
USLM	B	0.01%
BTU	C	0.01%
CHPT	F	0.01%
QS	F	0.01%
GTLB	D	0.01%
CDE	C	0.01%
CMPR	F	0.01%
GATO	C	0.01%
CCB	B	0.01%
JELD	D	0.01%
AUPH	C	0.01%
CCO	D	0.01%
JKS	C	0.01%
COHR	C	0.01%
LCID	C	0.01%
KOP	F	0.01%
FATE	F	0.01%
EDIT	F	0.01%
NR	F	0.01%
OGN	D	0.01%
ITRI	C	0.01%
PACK	D	0.01%
DXC	D	0.01%
OPEN	F	0.01%
IDXX	D	0.01%
PNR	B	0.01%
EXPI	C	0.01%
PACB	D	0.01%
SMAR	A	0.01%
DLR	B	0.01%
AMSC	C	0.01%
KYMR	C	0.01%
RLX	D	0.01%
NOV	F	0.01%
DQ	D	0.01%
PTEN	F	0.01%
SLP	F	0.01%
DOCS	B	0.01%
BLFS	D	0.01%
TGI	F	0.01%
IMVT	F	0.01%
BOOT	B	0.01%
CLSK	F	0.01%
FBK	C	0.01%
KD	F	0.01%
LIND	D	0.01%
CENX	C	0.01%
ASPN	C	0.01%
EVH	D	0.01%
BCRX	D	0.01%
VKTX	D	0.01%
MCB	C	0.01%
UPST	C	0.01%
W	C	0.01%
PCH	C	0.01%
XPO	D	0.01%
ALEX	C	0.01%
PHI	B	0.01%
MGNI	D	0.01%
PEN	D	0.01%
BBWI	D	0.01%
YETI	D	0.01%
NXPI	D	0.01%
LBRDK	C	0.01%
LUMN	C	0.01%
OMI	D	0.01%
RUN	D	0.01%
U	D	0.01%
PAY	D	0.01%
ULH	D	0.01%
CELH	F	0.01%
BGNE	B	0.01%
PTCT	C	0.01%
CASH	D	0.01%
AUR	C	0.01%
CLNE	C	0.01%
MCRI	B	0.01%
OSW	C	0.01%
IDYA	F	0.01%
MDGL	F	0.01%
LWLG	D	0.01%
MARA	D	0.01%
RCUS	D	0.01%
DOCU	C	0.01%
ALGN	D	0.01%
EFC	C	0.01%
BLBD	D	0.01%
CYH	C	0.01%
AGNC	B	0.01%
PRTA	F	0.01%
SRPT	F	0.01%
PTON	C	0.01%
GSAT	F	0.01%
ALB	D	0.01%
PNTG	C	0.01%
CZR	C	0.01%
TTI	F	0.01%
INMD	D	0.01%
TWLO	C	0.01%
ADSK	B	0.01%
VSTO	C	0.01%
RKLB	C	0.01%
AAON	B	0.01%
HASI	C	0.01%
ALNY	C	0.01%
TME	D	0.01%
COLL	C	0.01%
FOUR	C	0.01%
RVLV	C	0.01%
BZH	B	0.01%
RNA	D	0.01%
SID	D	0.01%
SOFI	D	0.01%
LOB	C	0.01%
EXPE	C	0.01%
SEMR	C	0.01%
PHR	F	0.01%
BEKE	B	0.01%
TREX	F	0.01%
Z	C	0.01%
AES	C	0.01%
MRC	D	0.01%
DH	F	0.01%
GME	D	0.01%
INTA	C	0.01%
SQ	D	0.01%
RDNT	B	0.01%
CROX	C	0.01%
BHF	F	0.01%
NBR	F	0.01%
OKTA	F	0.01%
GMS	C	0.01%
XPEV	C	0.01%
ROKU	D	0.01%
THR	F	0.01%
CPRX	C	0.01%
HSTM	D	0.01%
SDGR	F	0.01%
CLBT	C	0.01%
MBIN	D	0.01%
ENS	C	0.01%
CLDT	D	0.01%
SCCO	C	0.01%
AKO.A	C	0.01%
PBF	F	0.01%
TWST	D	0.01%
CLDX	F	0.01%
ARWR	F	0.01%
EPAM	F	0.01%
EXAS	D	0.01%
AKRO	D	0.01%
FIS	C	0.01%
TDOC	D	0.01%
VNT	F	0.01%
CCS	C	0.01%
APA	F	0.01%
SNAP	D	0.01%
ERJ	C	0.01%
POWL	B	0.01%
RDFN	D	0.01%
TOST	C	0.01%
TAL	D	0.01%
DVAX	D	0.01%
NWSA	D	0.01%
MATX	B	0.01%
RIVN	F	0.01%
DDD	D	0.01%
VERX	D	0.01%
ZETA	C	0.01%
PLAY	D	0.01%
VTRS	D	0.01%
ORA	B	0.01%
GERN	D	0.01%
CNH	C	0.01%
KEX	C	0.01%
VIPS	C	0.01%
ILMN	D	0.01%
ABR	B	0.01%
NIO	C	0.01%
KSS	D	0.01%
TREE	C	0.01%
MHO	B	0.01%
APH	C	0.01%
IMXI	D	0.01%
COMP	C	0.01%
TGTX	C	0.01%
KOS	F	0.01%
BBIO	F	0.01%
MTDR	F	0.01%
RYTM	C	0.01%
ON	D	0.01%
PLMR	C	0.01%
EPRT	B	0.01%
SOLV	D	0.01%
ENPH	D	0.01%
GMRE	C	0.01%
AGYS	D	0.01%
ALLY	F	0.01%
WBA	F	0.01%
AFRM	D	0.01%
DVN	F	0.01%
KRYS	D	0.0%
XPEV	C	0.0%
LI	D	0.0%
SMWB	C	0.0%
SCLX	F	0.0%
MP	C	0.0%
OEC	F	0.0%
AGL	F	0.0%
JOBY	F	0.0%
JAMF	D	0.0%
BMBL	F	0.0%
TH	F	0.0%
FLWS	F	0.0%
WOLF	F	0.0%
CRCT	C	0.0%
DAN	D	0.0%
ZEUS	F	0.0%
CGEM	F	0.0%
FNA	F	0.0%
BOC	C	0.0%
OVV	F	0.0%
DENN	D	0.0%
KE	F	0.0%
SNCY	D	0.0%
TPB	B	0.0%
SPRY	C	0.0%
SHEN	F	0.0%
HDSN	D	0.0%
ASTH	B	0.0%
PKST	D	0.0%
MLNK	D	0.0%
PRVA	F	0.0%
LGIH	D	0.0%
MXL	D	0.0%
LSCC	D	0.0%
DJT	F	0.0%
MNSO	D	0.0%
TMCI	F	0.0%
EYE	F	0.0%
FIGS	C	0.0%
CEVA	C	0.0%
CTKB	F	0.0%
FLGT	F	0.0%
OLO	F	0.0%
SAGE	F	0.0%
PDFS	D	0.0%
VIR	F	0.0%
FSBC	C	0.0%
SEDG	F	0.0%
MGPI	F	0.0%
OLPX	D	0.0%
REPL	C	0.0%
PUMP	F	0.0%
PFC	D	0.0%
ITOS	F	0.0%
CHRD	F	0.0%
MRVI	D	0.0%
APTV	D	0.0%
CRSR	D	0.0%
IRTC	F	0.0%
PARR	F	0.0%
GRPN	F	0.0%
GOGO	F	0.0%
ICHR	D	0.0%
HAE	D	0.0%
BVN	D	0.0%
RGNX	F	0.0%
ZUO	F	0.0%
CNDT	C	0.0%
XPOF	F	0.0%
HOG	C	0.0%
ELVN	C	0.0%
MDXG	F	0.0%
NABL	F	0.0%
HUMA	D	0.0%
KRUS	D	0.0%
QFIN	A	0.0%
CAR	D	0.0%
SWBI	F	0.0%
GDS	C	0.0%
MAX	C	0.0%
LPRO	C	0.0%
NCNO	F	0.0%
HE	F	0.0%
ATEC	F	0.0%
MAT	D	0.0%
APPN	C	0.0%
ETNB	F	0.0%
BROS	D	0.0%
LYEL	D	0.0%
CECO	C	0.0%
RIG	F	0.0%
CEIX	C	0.0%
CXM	F	0.0%
SAVA	D	0.0%
PDFS	D	0.0%
SGRY	D	0.0%
COTY	D	0.0%
LAND	D	0.0%
IBP	C	0.0%
THO	C	0.0%
ULCC	D	0.0%
DNOW	F	0.0%
CUBI	F	0.0%
APLS	F	0.0%
HURN	C	0.0%
XHR	B	0.0%
NEXT	F	0.0%
SM	F	0.0%
TLRY	F	0.0%
THRM	F	0.0%
OLMA	F	0.0%
NMIH	C	0.0%
SVC	F	0.0%
PUBM	F	0.0%
LESL	F	0.0%
LMND	F	0.0%
ATEN	C	0.0%
NARI	F	0.0%
ESTA	D	0.0%
DGII	D	0.0%
PRO	F	0.0%
ENIC	D	0.0%
IDT	C	0.0%
CALX	C	0.0%
SHC	C	0.0%
SHLS	F	0.0%
UCTT	D	0.0%
GKOS	C	0.0%
AOSL	D	0.0%
ADUS	C	0.0%
QTRX	F	0.0%
LILAK	D	0.0%
CLF	F	0.0%
UVV	D	0.0%
RXST	D	0.0%
TASK	F	0.0%
HAYN	D	0.0%
SABR	C	0.0%
VNET	B	0.0%
ATRO	D	0.0%
MERC	D	0.0%
GH	F	0.0%
KRNY	D	0.0%
DBI	F	0.0%
EB	F	0.0%
CHEF	C	0.0%
S	D	0.0%
AMRC	B	0.0%
STAA	D	0.0%
HAYW	C	0.0%
MQ	F	0.0%
XPRO	F	0.0%
FVRR	C	0.0%
HRI	C	0.0%
FIVN	F	0.0%
ARLO	D	0.0%
ALHC	C	0.0%
MNTK	D	0.0%
SOUN	D	0.0%
HTHT	C	0.0%
CFLT	F	0.0%
TITN	F	0.0%
PENN	D	0.0%
METC	F	0.0%
YMAB	D	0.0%
SITM	B	0.0%
RRC	D	0.0%
SIBN	F	0.0%
FIZZ	D	0.0%
IOVA	F	0.0%
FDMT	F	0.0%
AR	C	0.0%
YOU	B	0.0%
ATHM	B	0.0%
IAS	D	0.0%
ENVA	C	0.0%
VCYT	C	0.0%
ARQT	D	0.0%
EGBN	D	0.0%
FRSH	F	0.0%
VSCO	C	0.0%
SKE	C	0.0%
YY	C	0.0%
BHB	D	0.0%
AMRK	C	0.0%
VZIO	B	0.0%
ORIC	C	0.0%
DHI	C	0.0%
NVRI	D	0.0%
CYTK	F	0.0%
ARDX	D	0.0%
ZI	D	0.0%
ARRY	F	0.0%
EYPT	F	0.0%
WGO	D	0.0%
HL	C	0.0%
MTW	F	0.0%
BIGC	F	0.0%
BRBR	B	0.0%
NEOG	D	0.0%
IIIV	F	0.0%
EMBC	D	0.0%
FSLY	D	0.0%
INDI	F	0.0%
NVCR	F	0.0%
OSPN	C	0.0%
CYRX	F	0.0%
GNK	C	0.0%
UNIT	C	0.0%
SMR	C	0.0%
SQSP	B	0.0%
UEC	D	0.0%
TUYA	C	0.0%
AX	D	0.0%
AVNS	C	0.0%
STOK	D	0.0%
CDMO	C	0.0%
LXRX	F	0.0%
DIN	D	0.0%
CRMT	F	0.0%
WRBY	C	0.0%
NX	F	0.0%
MOMO	B	0.0%
FROG	F	0.0%
NTRA	C	0.0%
BEAM	F	0.0%
ATUS	C	0.0%
ADNT	D	0.0%
GXO	D	0.0%
BXC	D	0.0%
KC	D	0.0%
AMC	F	0.0%
RVMD	C	0.0%
FC	C	0.0%
APPF	C	0.0%
CNC	D	0.0%
CDNA	C	0.0%
TRUP	D	0.0%
RVNC	D	0.0%
PODD	C	0.0%
EWCZ	F	0.0%
LMB	C	0.0%
SNDX	F	0.0%
YEXT	C	0.0%
PCVX	C	0.0%
SIGA	F	0.0%
ALT	F	0.0%
JANX	D	0.0%
WULF	C	0.0%
GDOT	D	0.0%
ESTC	F	0.0%
QNST	C	0.0%
PL	D	0.0%
ACHR	F	0.0%
DHC	C	0.0%
IQ	D	0.0%
RKT	C	0.0%
CCBG	C	0.0%
LEU	B	0.0%
CIFR	D	0.0%
INN	B	0.0%
WOOF	C	0.0%
FUBO	F	0.0%
KIM	C	0.0%
MEG	F	0.0%
TTWO	D	0.0%
DUOL	C	0.0%
ELF	F	0.0%
LYFT	D	0.0%
BURL	C	0.0%
TIGR	C	0.0%
SAM	D	0.0%
ATKR	F	0.0%
BRZE	F	0.0%
AXSM	C	0.0%
RNG	F	0.0%
NTLA	F	0.0%
REZI	D	0.0%
GDRX	F	0.0%
ERAS	D	0.0%
VVI	C	0.0%
PLPC	C	0.0%
TELL	C	0.0%
UWMC	D	0.0%
TNDM	D	0.0%
XMTR	D	0.0%
SANA	F	0.0%
UPWK	D	0.0%
KHC	C	0.0%
PCG	C	0.0%
INSW	C	0.0%
DFH	C	0.0%
MTCH	C	0.0%
ETSY	D	0.0%
HST	D	0.0%
RXRX	F	0.0%
TRNS	D	0.0%
NCLH	B	0.0%
ARCT	D	0.0%
CASS	D	0.0%
ENFN	C	0.0%
SPT	F	0.0%
DCO	B	0.0%
VPG	F	0.0%
AMPS	F	0.0%
CERT	F	0.0%
IBUY	A	0.0%
PFSI	C	0.0%
VRNS	B	0.0%
PAR	D	0.0%
CSTL	D	0.0%
EQT	C	0.0%
IIIN	F	0.0%
TXG	D	0.0%
BILI	A	0.0%
NSSC	F	0.0%
NUVB	F	0.0%
APLD	C	0.0%
ANF	D	0.0%
ARVN	F	0.0%
HUYA	C	0.0%
REPX	D	0.0%
KLG	D	0.0%
MNMD	F	0.0%
CLOV	D	0.0%
CIG	B	0.0%
ACVA	C	0.0%
HCP	A	0.0%
CC	D	0.0%
SPR	D	0.0%
ACLS	F	0.0%
HSII	C	0.0%
CSGP	D	0.0%
RLJ	D	0.0%
BASE	F	0.0%
PRG	C	0.0%
BZ	C	0.0%
BYND	D	0.0%
SITE	D	0.0%
ASAN	F	0.0%
CTLP	D	0.0%
KEP	D	0.0%
PGC	D	0.0%
RAMP	F	0.0%
HEES	D	0.0%
PLUG	F	0.0%
CHGX	A	0.0%
LC	D	0.0%
FLYW	F	0.0%
VRDN	B	0.0%
BLND	C	0.0%
RGEN	F	0.0%
NUVL	D	0.0%
DOCN	C	0.0%
VITL	C	0.0%
ALEC	F	0.0%
PLAB	D	0.0%
OSCR	D	0.0%
PATH	D	0.0%
RPAY	F	0.0%
ZLAB	C	0.0%
BJRI	D	0.0%
AMR	D	0.0%
NVT	C	0.0%
NVAX	D	0.0%
EA	D	0.0%
ENVX	F	0.0%
AMG	C	0.0%
RCKT	F	0.0%
CIB	D	0.0%
EVRI	B	0.0%
DMRC	F	0.0%
PETQ	B	0.0%
PTGX	C	0.0%
EXTR	C	0.0%
RIOT	F	0.0%
PRCT	C	0.0%
AI	F	0.0%
DRH	C	0.0%
GDYN	C	0.0%
CARS	F	0.0%
ALLO	D	0.0%
BE	F	0.0%
ROCK	D	0.0%
PCT	C	0.0%
SONO	F	0.0%
SQM	D	0.0%
WEAV	C	0.0%
VICR	C	0.0%
WRLD	D	0.0%
GPN	D	0.0%
ODFL	D	0.0%
ACMR	D	0.0%
REG	C	0.0%
NPAB	D	0.0%
ELAN	D	0.0%
LAZR	F	0.0%
ALKT	D	0.0%
AAOI	D	0.0%
BILL	D	0.0%
MITK	F	0.0%
DT	C	0.0%
PHAT	C	0.0%

SPGM Underweight 75 Positions Relative to AVDE

Symbol	Grade	Weight
NVO	F	-1.52%
ASML	F	-0.87%
TTE	D	-0.63%
HSBC	B	-0.58%
BHP	C	-0.51%
BP	F	-0.48%
GSK	D	-0.37%
ING	C	-0.34%
RIO	B	-0.32%
RELX	C	-0.31%
BBVA	C	-0.3%
SAP	B	-0.3%
SAN	B	-0.29%
SNY	B	-0.25%
STM	F	-0.22%
ORAN	C	-0.2%
AER	C	-0.17%
NGG	B	-0.17%
IX	C	-0.16%
VOD	C	-0.16%
WFG	B	-0.15%
NWG	B	-0.15%
BUD	B	-0.13%
HLN	B	-0.12%
PHG	A	-0.11%
TEF	B	-0.11%
AGCO	D	-0.11%
LOGI	D	-0.11%
ZIM	B	-0.1%
SW	B	-0.1%
CCEP	C	-0.09%
NOK	B	-0.08%
ERIC	B	-0.08%
EQNR	F	-0.08%
CHKP	B	-0.07%
SNN	B	-0.07%
TAK	C	-0.07%
GMAB	F	-0.06%
OTEX	D	-0.06%
RBA	D	-0.06%
GLNG	B	-0.04%
ARGX	B	-0.04%
QGEN	C	-0.03%
WPP	B	-0.02%
WDS	D	-0.02%
BUR	D	-0.02%
XRX	D	-0.02%
CUK	C	-0.02%
TRMD	D	-0.02%
PRMW	C	-0.01%
FMS	B	-0.01%
TS	D	-0.01%
AEI	C	-0.01%
PSO	C	-0.01%
HAFN	D	-0.01%
PDS	F	-0.01%
GLPG	D	-0.01%
ICLR	F	-0.01%
CYBR	B	-0.01%
NICE	D	-0.01%
CLLS	F	-0.0%
IAUX	D	-0.0%
IPHA	F	-0.0%
UBCP	C	-0.0%
CSTE	F	-0.0%
QIPT	F	-0.0%
DOOO	F	-0.0%
SSBI	F	-0.0%
ELBM	D	-0.0%
ITRN	D	-0.0%
ASTL	B	-0.0%
VMAR	F	-0.0%
SPNS	D	-0.0%
CSTM	D	-0.0%
TCI	F	-0.0%