SPGM vs. AVSE ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Avantis Responsible Emerging Markets Equity ETF (AVSE)

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

37,258

Number of Holdings ^*

997

* may have additional holdings in another (foreign) market

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.45

Average Daily Volume

3,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	AVSE
30 Days	7.34%	10.85%
60 Days	2.06%	7.17%
90 Days	7.00%	9.72%
12 Months	22.53%	22.17%

51 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in AVSE	Overlap
ABEV	F	0.02%	0.08%	0.02%
AKO.A	B	0.01%	0.05%	0.01%
ATHM	B	0.0%	0.07%	0.0%
BABA	B	0.02%	1.41%	0.02%
BABA	B	0.2%	1.41%	0.2%
BBD	F	0.03%	0.16%	0.03%
BEKE	B	0.01%	0.25%	0.01%
BGNE	C	0.01%	0.04%	0.01%
BGNE	C	0.01%	0.03%	0.01%
BIDU	C	0.04%	0.07%	0.04%
BILI	C	0.0%	0.0%	0.0%
BZ	B	0.01%	0.02%	0.01%
CAR	D	0.0%	0.07%	0.0%
CHT	D	0.09%	0.07%	0.07%
CIB	B	0.01%	0.04%	0.01%
CIG	C	0.0%	0.13%	0.0%
ERJ	C	0.01%	0.28%	0.01%
HDB	D	0.06%	0.38%	0.06%
HTHT	B	0.0%	0.31%	0.0%
IBN	C	0.17%	0.48%	0.17%
INFY	F	0.13%	0.65%	0.13%
IQ	C	0.01%	0.06%	0.01%
ITUB	D	0.06%	0.41%	0.06%
KB	A	0.04%	0.43%	0.04%
KC	D	0.0%	0.0%	0.0%
LI	F	0.03%	0.13%	0.03%
LI	F	0.0%	0.13%	0.0%
MNSO	B	0.0%	0.09%	0.0%
MOMO	C	0.0%	0.06%	0.0%
NIO	D	0.01%	0.03%	0.01%
PDD	B	0.1%	0.79%	0.1%
PHI	B	0.01%	0.03%	0.01%
QFIN	B	0.0%	0.16%	0.0%
RDY	F	0.12%	0.19%	0.12%
SHG	B	0.02%	0.33%	0.02%
SQM	F	0.01%	0.05%	0.01%
TAL	B	0.02%	0.12%	0.02%
TCOM	A	0.07%	0.25%	0.07%
TIGR	C	0.0%	0.0%	0.0%
TME	B	0.0%	0.11%	0.0%
TSM	B	0.91%	4.35%	0.91%
TUYA	B	0.0%	0.0%	0.0%
UMC	C	0.07%	0.3%	0.07%
VIPS	D	0.02%	0.3%	0.02%
VNET	C	0.0%	0.01%	0.0%
WIT	D	0.05%	0.06%	0.05%
XPEV	F	0.01%	0.01%	0.01%
XPEV	F	0.0%	0.01%	0.0%
YUMC	F	0.03%	0.36%	0.03%
YY	C	0.0%	0.05%	0.0%
ZTO	C	0.01%	0.1%	0.01%

SPGM Overweight 947 Positions Relative to AVSE

Symbol	Grade	Weight
MSFT	C	3.61%
AAPL	B	3.41%
NVDA	B	2.77%
AMZN	B	2.06%
META	D	1.33%
GOOG	B	1.19%
GOOGL	B	1.16%
JPM	A	0.83%
AVGO	C	0.82%
LLY	C	0.78%
XOM	B	0.71%
V	C	0.67%
BRK.A	C	0.67%
UNH	B	0.65%
TSLA	D	0.57%
COST	A	0.55%
HD	D	0.51%
PG	A	0.5%
TMO	B	0.47%
CRM	D	0.46%
BAC	A	0.46%
MRK	B	0.45%
JNJ	D	0.41%
TXN	A	0.4%
MA	D	0.4%
WFC	A	0.39%
ABBV	D	0.38%
INTU	D	0.38%
CVX	A	0.37%
AMAT	C	0.36%
ADBE	D	0.35%
TM	D	0.35%
QCOM	A	0.34%
DHR	B	0.34%
ABT	F	0.34%
CSCO	D	0.33%
AXP	A	0.32%
RTX	A	0.31%
PEP	B	0.31%
WMT	B	0.31%
KO	A	0.31%
GS	A	0.31%
ORCL	D	0.31%
CAT	C	0.3%
LIN	D	0.3%
TJX	C	0.3%
LOW	D	0.29%
CB	C	0.29%
AMD	D	0.29%
NFLX	C	0.29%
DIS	D	0.28%
UNP	C	0.28%
NEE	B	0.27%
A	B	0.26%
ACN	D	0.26%
C	A	0.26%
AMGN	B	0.25%
BKNG	B	0.25%
MS	A	0.25%
IBM	D	0.24%
MDT	C	0.24%
MCK	A	0.24%
ELV	A	0.24%
GD	A	0.24%
WM	A	0.23%
LMT	A	0.23%
PLD	D	0.23%
NKE	F	0.23%
NVS	B	0.23%
ETN	B	0.23%
SPGI	B	0.22%
AFL	A	0.22%
CMI	A	0.22%
MCD	D	0.22%
HON	C	0.21%
COP	D	0.21%
PFE	C	0.21%
EMR	B	0.2%
PSA	C	0.2%
SONY	F	0.2%
DE	B	0.2%
ADP	C	0.2%
ABBV	D	0.19%
INTC	F	0.19%
MET	B	0.19%
MPC	D	0.19%
ORLY	D	0.19%
CSX	D	0.19%
ADI	A	0.18%
BDX	F	0.18%
SCHW	A	0.18%
SYK	D	0.18%
TRV	D	0.18%
SBUX	F	0.18%
AMT	D	0.17%
TT	A	0.17%
FDX	C	0.17%
MMC	B	0.17%
TEL	A	0.17%
T	B	0.17%
CMCSA	D	0.17%
PM	A	0.17%
ROST	D	0.17%
PRU	A	0.16%
JCI	B	0.16%
NSC	D	0.16%
CNI	D	0.16%
AEP	A	0.16%
EOG	C	0.16%
NOC	C	0.16%
UL	A	0.16%
HSY	B	0.15%
PGR	A	0.15%
GILD	F	0.15%
BK	A	0.15%
DFS	C	0.15%
MUFG	C	0.15%
TGT	D	0.14%
CL	A	0.14%
ECL	A	0.14%
PNC	A	0.14%
GE	C	0.14%
VZ	C	0.14%
CVS	F	0.14%
PH	A	0.14%
ALL	B	0.14%
NOW	D	0.13%
BA	F	0.13%
UPS	D	0.13%
TD	F	0.13%
PEG	A	0.13%
BSX	A	0.13%
CEG	B	0.13%
SPG	D	0.13%
SYY	D	0.13%
ITW	D	0.13%
KEYS	D	0.13%
VLO	D	0.13%
HES	B	0.13%
KMB	B	0.12%
GLW	B	0.12%
FAST	D	0.12%
BMY	F	0.12%
PYPL	C	0.12%
YUM	D	0.12%
CTSH	D	0.12%
CMG	A	0.12%
IR	D	0.12%
UBER	D	0.12%
COF	B	0.12%
REGN	C	0.12%
BIIB	C	0.11%
CLX	D	0.11%
USB	D	0.11%
MKC	B	0.11%
EIX	A	0.11%
NTAP	B	0.1%
ADM	C	0.1%
ZTS	D	0.1%
DUK	A	0.1%
AZN	A	0.1%
EL	F	0.1%
HPQ	C	0.1%
MTB	A	0.1%
LYB	C	0.09%
MMM	A	0.09%
VALE	C	0.09%
LRCX	D	0.09%
CI	D	0.09%
ISRG	C	0.09%
CME	D	0.09%
ROIC	D	0.09%
EBAY	D	0.09%
CRWD	C	0.09%
MU	B	0.09%
MELI	B	0.09%
PANW	B	0.09%
SMFG	C	0.08%
BLK	C	0.08%
CHTR	F	0.08%
DLTR	D	0.08%
PPL	A	0.08%
CHD	A	0.08%
SJM	D	0.08%
GM	B	0.08%
CTVA	B	0.08%
DD	A	0.08%
MO	A	0.08%
UMH	B	0.08%
TSN	C	0.08%
WDC	B	0.08%
SHOP	F	0.08%
DOW	B	0.08%
F	D	0.08%
DEO	D	0.08%
STLA	D	0.08%
SLB	D	0.08%
OXY	D	0.07%
FTV	D	0.07%
STT	B	0.07%
EXC	B	0.07%
STX	C	0.07%
APD	C	0.07%
SO	A	0.07%
MRO	D	0.07%
FE	A	0.07%
PKX	F	0.07%
VRTX	C	0.07%
CHRW	B	0.07%
CARR	A	0.06%
VGR	C	0.06%
BCS	A	0.06%
MFG	C	0.06%
EQR	A	0.06%
NXRT	B	0.06%
BAX	F	0.06%
DEA	B	0.06%
JNPR	D	0.06%
E	B	0.06%
GIS	B	0.06%
BEN	D	0.06%
VRT	B	0.06%
MDLZ	B	0.06%
ANET	B	0.06%
HPE	D	0.06%
PSX	D	0.06%
AON	D	0.06%
WMB	A	0.06%
HAL	F	0.06%
COIN	D	0.05%
MOD	B	0.05%
SNOW	F	0.05%
GOOD	A	0.05%
DOC	A	0.05%
BX	C	0.05%
TMUS	B	0.05%
NMR	D	0.05%
MRNA	C	0.05%
LW	D	0.05%
SNPS	D	0.05%
ABNB	D	0.05%
LYG	A	0.05%
CAG	B	0.05%
K	B	0.05%
SMCI	D	0.05%
FCX	A	0.05%
KLAC	A	0.05%
PBR	A	0.04%
TPR	D	0.04%
DX	B	0.04%
GEV	C	0.04%
ALLE	D	0.04%
NEM	B	0.04%
TMDX	B	0.04%
LVS	D	0.04%
FOXA	B	0.04%
OTIS	C	0.04%
SYF	B	0.04%
TTD	B	0.04%
EQIX	D	0.04%
MRVL	D	0.04%
VLTO	A	0.04%
PLTR	D	0.04%
DASH	D	0.03%
MT	F	0.03%
DKNG	D	0.03%
FTI	B	0.03%
DDOG	D	0.03%
NET	F	0.03%
AXNX	D	0.03%
CHCT	F	0.03%
DELL	B	0.03%
LNW	D	0.03%
LNTH	B	0.03%
MPWR	B	0.03%
SQ	D	0.03%
SHW	D	0.03%
MDB	F	0.03%
SE	C	0.03%
DXCM	D	0.03%
AXON	C	0.03%
WBA	F	0.03%
LDOS	A	0.03%
KVUE	C	0.03%
BRSP	F	0.03%
HMC	D	0.03%
OII	B	0.02%
BBIO	D	0.02%
ON	F	0.02%
DYN	D	0.02%
PBF	F	0.02%
FSLR	B	0.02%
ZM	D	0.02%
VEEV	D	0.02%
AIV	C	0.02%
SKY	D	0.02%
MTDR	D	0.02%
FICO	C	0.02%
CVNA	B	0.02%
KSS	F	0.02%
CDNS	D	0.02%
ALLY	B	0.02%
QTWO	A	0.02%
SNAP	C	0.02%
URI	C	0.02%
APP	B	0.02%
CFG	A	0.02%
HIMS	D	0.02%
MSTR	D	0.02%
DVN	C	0.02%
AZEK	D	0.02%
GGB	C	0.02%
KOS	C	0.02%
NUE	D	0.02%
CF	F	0.02%
TBBK	D	0.02%
FTNT	F	0.02%
ZS	F	0.02%
HUBS	D	0.02%
GOLD	B	0.02%
TAC	C	0.02%
WBD	F	0.02%
IIPR	C	0.02%
WTTR	B	0.02%
PLAY	D	0.02%
PARA	C	0.02%
AHH	B	0.02%
ITCI	C	0.02%
PINS	B	0.02%
TTGT	D	0.02%
CELH	C	0.02%
RCL	B	0.02%
BKR	D	0.02%
TEAM	D	0.02%
LULU	F	0.02%
GEHC	D	0.02%
MOS	F	0.02%
ACRE	F	0.02%
CHX	D	0.02%
HCA	C	0.02%
IFF	A	0.02%
KMI	A	0.02%
WDAY	F	0.02%
HOV	B	0.02%
CARS	C	0.01%
SMAR	D	0.01%
RKLB	C	0.01%
HUYA	B	0.01%
WSR	B	0.01%
ROCK	D	0.01%
CHPT	F	0.01%
EVH	F	0.01%
RXRX	F	0.01%
MEG	C	0.01%
QS	F	0.01%
PIXY	F	0.01%
RPAY	C	0.01%
RCKT	F	0.01%
RGEN	D	0.01%
RAMP	F	0.01%
BCRX	D	0.01%
NVT	B	0.01%
BTU	F	0.01%
AI	F	0.01%
WRLD	C	0.01%
PNR	B	0.01%
PNTG	A	0.01%
MGNI	F	0.01%
CCO	D	0.01%
ASAN	F	0.01%
FBK	B	0.01%
PLAB	B	0.01%
HCAT	F	0.01%
DXC	F	0.01%
EXPI	C	0.01%
BILL	F	0.01%
BE	D	0.01%
APPS	F	0.01%
JELD	F	0.01%
CMPR	D	0.01%
DLR	D	0.01%
TDOC	F	0.01%
GNRC	B	0.01%
SONO	D	0.01%
BLFS	B	0.01%
ATKR	D	0.01%
RNA	B	0.01%
ITRI	B	0.01%
AMR	F	0.01%
ELAN	C	0.01%
RDFN	C	0.01%
ALEX	B	0.01%
AAON	D	0.01%
GTLB	F	0.01%
CC	B	0.01%
PACK	C	0.01%
Z	D	0.01%
CASH	B	0.01%
LOB	D	0.01%
ASPN	A	0.01%
OGN	B	0.01%
LBRDK	F	0.01%
CLBT	D	0.01%
PAY	D	0.01%
RIOT	F	0.01%
PCH	D	0.01%
IDXX	D	0.01%
SLP	B	0.01%
LASR	B	0.01%
M	D	0.01%
CLNE	D	0.01%
ACMR	D	0.01%
IMVT	F	0.01%
MCRI	D	0.01%
ADSK	D	0.01%
EXPE	F	0.01%
NOV	D	0.01%
OSW	A	0.01%
KOP	F	0.01%
XPO	D	0.01%
ZETA	A	0.01%
INTA	C	0.01%
TGI	C	0.01%
PTCT	C	0.01%
MDGL	D	0.01%
PATH	F	0.01%
FOUR	D	0.01%
VSTO	B	0.01%
CZR	F	0.01%
EFC	B	0.01%
VKTX	C	0.01%
JKS	D	0.01%
DQ	F	0.01%
MNDY	F	0.01%
PEN	F	0.01%
YETI	D	0.01%
COLL	D	0.01%
AGNC	A	0.01%
FUTU	C	0.01%
JBI	D	0.01%
KD	A	0.01%
BLBD	A	0.01%
CPRX	C	0.01%
RVLV	B	0.01%
RLX	C	0.01%
RDNT	A	0.01%
BZH	D	0.01%
SRRK	D	0.01%
ROKU	F	0.01%
BASE	C	0.01%
AKRO	F	0.01%
HASI	B	0.01%
EXAS	F	0.01%
SOFI	F	0.01%
U	F	0.01%
ULH	B	0.01%
CENX	B	0.01%
TWLO	D	0.01%
MITK	B	0.01%
GSAT	F	0.01%
DOCU	B	0.01%
PTEN	D	0.01%
PRTA	F	0.01%
RCUS	F	0.01%
SRPT	C	0.01%
EVBG	D	0.01%
NXPI	A	0.01%
ALGN	F	0.01%
ATLC	D	0.01%
POWL	B	0.01%
INMD	F	0.01%
PHR	F	0.01%
W	B	0.01%
SEMR	A	0.01%
COMP	C	0.01%
HSTM	B	0.01%
MBIN	B	0.01%
TGTX	C	0.01%
IDYA	D	0.01%
OMI	F	0.01%
CCS	D	0.01%
ENS	B	0.01%
BHF	F	0.01%
CROX	B	0.01%
SQ	D	0.01%
FIS	A	0.01%
MATX	B	0.01%
GME	C	0.01%
VERX	C	0.01%
GERN	C	0.01%
CLDT	F	0.01%
MHO	C	0.01%
EPAM	F	0.01%
CLDX	D	0.01%
RIVN	F	0.01%
MARA	D	0.01%
RYTM	D	0.01%
MRC	A	0.01%
AES	B	0.01%
GMS	B	0.01%
AFRM	D	0.01%
ILMN	F	0.01%
ADMA	B	0.01%
TWST	B	0.01%
SWAV	A	0.01%
THR	A	0.01%
DVAX	F	0.01%
TOST	B	0.01%
NWSA	D	0.01%
KEX	A	0.01%
SID	F	0.01%
EPRT	A	0.01%
ORA	B	0.01%
GRBK	B	0.01%
VTRS	D	0.01%
INSP	D	0.01%
FLNG	B	0.01%
ABR	C	0.01%
TREX	D	0.01%
BBWI	B	0.01%
INBX	D	0.01%
ALB	C	0.01%
PLMR	B	0.01%
OKTA	D	0.01%
CCL	F	0.01%
CLSK	D	0.01%
ARWR	F	0.01%
RBLX	F	0.01%
SOLV	F	0.01%
GMRE	C	0.01%
VNT	D	0.01%
APA	F	0.01%
AGYS	B	0.01%
ACEL	F	0.01%
IMXI	D	0.01%
DCPH	A	0.01%
BLDR	D	0.01%
TEVA	A	0.01%
ENPH	F	0.01%
SRG	D	0.0%
KRYS	D	0.0%
SMWB	D	0.0%
IHRT	F	0.0%
ALEC	F	0.0%
JOBY	D	0.0%
ATUS	F	0.0%
JAMF	C	0.0%
MP	C	0.0%
WW	F	0.0%
FORR	F	0.0%
OLMA	F	0.0%
AGL	F	0.0%
UNIT	F	0.0%
OEC	B	0.0%
REPX	D	0.0%
FRGE	F	0.0%
MORF	F	0.0%
TH	C	0.0%
EVC	D	0.0%
CRCT	C	0.0%
FLWS	D	0.0%
ZNTL	F	0.0%
TPB	A	0.0%
MLNK	F	0.0%
TBI	F	0.0%
BOC	F	0.0%
ASTH	D	0.0%
MVIS	F	0.0%
GDS	D	0.0%
BMBL	D	0.0%
DADA	F	0.0%
TELL	F	0.0%
SNCY	F	0.0%
RGNX	F	0.0%
SHYF	C	0.0%
MLCO	C	0.0%
MCB	B	0.0%
FNA	F	0.0%
DAN	C	0.0%
PRVA	F	0.0%
FSBC	C	0.0%
LGIH	D	0.0%
PKST	D	0.0%
CRNC	F	0.0%
CEVA	F	0.0%
DENN	F	0.0%
KE	C	0.0%
EDIT	F	0.0%
OVV	D	0.0%
CGEM	C	0.0%
OLO	F	0.0%
SHEN	D	0.0%
ZEUS	F	0.0%
HROW	D	0.0%
XPOF	F	0.0%
GDOT	C	0.0%
FIGS	C	0.0%
PFC	B	0.0%
AMRC	C	0.0%
TMCI	F	0.0%
FLGT	D	0.0%
LUMN	F	0.0%
ORLA	C	0.0%
MGPI	D	0.0%
MOFG	D	0.0%
BEAM	F	0.0%
VERV	F	0.0%
CTKB	F	0.0%
PDFS	C	0.0%
CABA	F	0.0%
TRUP	D	0.0%
MXL	F	0.0%
NNVC	B	0.0%
LSCC	F	0.0%
HOG	D	0.0%
SAVA	D	0.0%
PLL	D	0.0%
CAN	F	0.0%
COMM	F	0.0%
SNPO	B	0.0%
VIR	F	0.0%
RENB	F	0.0%
LAW	D	0.0%
NABL	D	0.0%
CECO	B	0.0%
SHC	F	0.0%
EYE	F	0.0%
APTV	C	0.0%
SGRY	F	0.0%
CNDT	B	0.0%
ELVN	B	0.0%
MAT	D	0.0%
RAPT	F	0.0%
APPN	F	0.0%
DH	F	0.0%
LPRO	D	0.0%
HIBB	A	0.0%
MAX	C	0.0%
MRVI	C	0.0%
HURN	F	0.0%
NCNO	C	0.0%
ZUO	B	0.0%
NMIH	A	0.0%
WOLF	F	0.0%
NKLA	F	0.0%
CEIX	C	0.0%
YOU	F	0.0%
BVN	B	0.0%
WTO	C	0.0%
OSPN	C	0.0%
ALHC	B	0.0%
CALX	F	0.0%
LAND	C	0.0%
BROS	B	0.0%
HAE	A	0.0%
ICHR	D	0.0%
MODN	B	0.0%
ETNB	F	0.0%
AOSL	B	0.0%
IBP	D	0.0%
PARR	F	0.0%
SWBI	C	0.0%
IRTC	F	0.0%
ALTG	F	0.0%
THO	D	0.0%
XHR	C	0.0%
MDXG	D	0.0%
GRPN	D	0.0%
KRUS	B	0.0%
CUBI	D	0.0%
GOGO	C	0.0%
DNOW	D	0.0%
ADUS	A	0.0%
LMND	C	0.0%
FUBO	F	0.0%
PDFS	C	0.0%
CRSR	F	0.0%
GKOS	A	0.0%
LILAK	B	0.0%
DGII	F	0.0%
SOUN	D	0.0%
THRM	F	0.0%
COTY	F	0.0%
NOVA	F	0.0%
VCYT	D	0.0%
IDT	A	0.0%
AMC	F	0.0%
NARI	D	0.0%
PENN	F	0.0%
ENVA	B	0.0%
KNSA	C	0.0%
SM	C	0.0%
ME	D	0.0%
ATEN	B	0.0%
RIG	F	0.0%
GLBE	F	0.0%
SVC	F	0.0%
TLRY	D	0.0%
RVNC	F	0.0%
SABR	C	0.0%
SITM	B	0.0%
S	D	0.0%
HAYN	D	0.0%
UVV	B	0.0%
MED	F	0.0%
SHLS	F	0.0%
APLS	F	0.0%
ATRO	B	0.0%
CHEF	A	0.0%
ULCC	D	0.0%
ENIC	B	0.0%
PACB	F	0.0%
GH	C	0.0%
AA	B	0.0%
SANA	D	0.0%
PCVX	D	0.0%
NVRI	D	0.0%
SPCE	F	0.0%
CCB	B	0.0%
NEOG	F	0.0%
IAS	F	0.0%
HAYW	C	0.0%
AEHR	F	0.0%
VSCO	D	0.0%
LWLG	F	0.0%
MNTK	D	0.0%
FVRR	C	0.0%
GPRO	F	0.0%
CXM	F	0.0%
TASK	B	0.0%
CLOV	D	0.0%
SEDG	F	0.0%
QTRX	F	0.0%
ARLO	C	0.0%
OSUR	F	0.0%
HL	B	0.0%
RXST	B	0.0%
AMRK	C	0.0%
DHC	F	0.0%
DHI	D	0.0%
HRI	D	0.0%
SIBN	F	0.0%
ESTA	B	0.0%
ATEC	F	0.0%
NEXT	B	0.0%
UCTT	C	0.0%
MQ	F	0.0%
LCID	F	0.0%
EMBC	D	0.0%
FIZZ	D	0.0%
VZIO	D	0.0%
VMAR	D	0.0%
XPRO	B	0.0%
IIIV	F	0.0%
AVNS	C	0.0%
ADPT	C	0.0%
DUOL	D	0.0%
PUBM	C	0.0%
NTRA	B	0.0%
LUNG	D	0.0%
NNDM	F	0.0%
PODD	D	0.0%
ACHR	F	0.0%
RKT	B	0.0%
BRBR	C	0.0%
CCBG	C	0.0%
GRAB	C	0.0%
SQSP	A	0.0%
RRC	C	0.0%
LAZR	F	0.0%
PRO	F	0.0%
RVMD	C	0.0%
CLF	D	0.0%
BURL	D	0.0%
AX	A	0.0%
DBI	D	0.0%
STEM	F	0.0%
YEXT	F	0.0%
IAG	A	0.0%
STAA	C	0.0%
WGO	D	0.0%
EVRI	F	0.0%
AXSM	D	0.0%
FC	D	0.0%
CYTK	D	0.0%
PL	F	0.0%
KIM	B	0.0%
SFIX	F	0.0%
AR	C	0.0%
INN	F	0.0%
QNST	C	0.0%
NCLH	F	0.0%
BXC	D	0.0%
FRSH	F	0.0%
DNA	F	0.0%
SIGA	C	0.0%
GXO	C	0.0%
VRDN	F	0.0%
PCT	F	0.0%
APLD	F	0.0%
SPWR	F	0.0%
LSPD	F	0.0%
PETQ	B	0.0%
NUVL	D	0.0%
PHAT	D	0.0%
CSTL	B	0.0%
CNC	C	0.0%
FSLY	F	0.0%
WRBY	B	0.0%
NVCR	C	0.0%
ARDX	C	0.0%
UWMC	B	0.0%
LEU	C	0.0%
ZI	F	0.0%
VRNS	D	0.0%
PRG	B	0.0%
PAR	C	0.0%
CFLT	D	0.0%
MTCH	F	0.0%
PTGX	C	0.0%
TTWO	D	0.0%
BIGC	D	0.0%
MCFT	F	0.0%
GNK	B	0.0%
PFSI	A	0.0%
DFH	D	0.0%
APPF	B	0.0%
EB	D	0.0%
FSM	A	0.0%
MTW	F	0.0%
DCO	B	0.0%
PCG	B	0.0%
CYRX	F	0.0%
TITN	F	0.0%
FROG	D	0.0%
UEC	C	0.0%
EXTR	F	0.0%
NX	D	0.0%
TRNS	A	0.0%
SGU	C	0.0%
PTON	D	0.0%
IAUX	F	0.0%
HST	D	0.0%
CERT	D	0.0%
SNDX	D	0.0%
ACCD	F	0.0%
WIRE	C	0.0%
GDRX	C	0.0%
VVI	D	0.0%
ADNT	F	0.0%
SAM	D	0.0%
KHC	C	0.0%
WEAV	F	0.0%
PGC	D	0.0%
FDMT	D	0.0%
TNDM	B	0.0%
FIVN	F	0.0%
FCEL	F	0.0%
REZI	C	0.0%
ACVA	D	0.0%
BYND	F	0.0%
PLPC	C	0.0%
SPR	D	0.0%
HSII	C	0.0%
ANF	B	0.0%
SPT	F	0.0%
GDYN	F	0.0%
SDGR	F	0.0%
ENFN	D	0.0%
KEP	D	0.0%
WIX	D	0.0%
VGR	C	0.0%
BRZE	F	0.0%
PRCT	B	0.0%
DOCS	F	0.0%
COHR	D	0.0%
CASS	D	0.0%
CHGX	D	0.0%
IBUY	D	0.0%
HCP	B	0.0%
UPWK	D	0.0%
DOCN	D	0.0%
NTLA	F	0.0%
DIN	F	0.0%
RUN	F	0.0%
AMG	D	0.0%
KREF	F	0.0%
CRMT	F	0.0%
INDI	F	0.0%
IIIN	D	0.0%
EA	F	0.0%
DMRC	F	0.0%
CTLP	D	0.0%
RNG	C	0.0%
VMEO	F	0.0%
ALKT	B	0.0%
ETSY	F	0.0%
ZLAB	C	0.0%
OPEN	F	0.0%
REG	D	0.0%
AUPH	F	0.0%
RLJ	F	0.0%
HEES	D	0.0%
TIGO	B	0.0%
ARCT	F	0.0%
CDE	B	0.0%
INSW	B	0.0%
OSCR	B	0.0%
AMPS	F	0.0%
FLYW	F	0.0%
DDD	F	0.0%
BOOT	C	0.0%
SITE	D	0.0%
LYFT	D	0.0%
ESTC	B	0.0%
CIFR	D	0.0%
ENVX	C	0.0%
NSSC	B	0.0%
DRH	F	0.0%
ARRY	F	0.0%
TXG	F	0.0%
DOMO	F	0.0%
EQT	C	0.0%
KLG	C	0.0%
VICR	F	0.0%
NVAX	B	0.0%
KYMR	D	0.0%
ACLS	C	0.0%
PLUG	F	0.0%
LEGH	C	0.0%
ODFL	D	0.0%
CSGP	C	0.0%
USLM	B	0.0%
FLNC	D	0.0%
AUR	C	0.0%
ELF	D	0.0%
ALNY	C	0.0%
CYH	C	0.0%
DT	D	0.0%
VITL	B	0.0%
LIND	F	0.0%
NEO	B	0.0%
VPG	F	0.0%
GPN	F	0.0%
UPST	D	0.0%
ARVN	F	0.0%
BJRI	D	0.0%

SPGM Underweight 50 Positions Relative to AVSE

Symbol	Grade	Weight
NTES	D	-0.7%
ASX	D	-0.27%
CPNG	C	-0.27%
GFI	B	-0.22%
STNE	B	-0.22%
BAP	C	-0.19%
SCCO	A	-0.16%
SUZ	F	-0.16%
ASR	B	-0.16%
PAGS	D	-0.15%
TLK	F	-0.15%
FMX	D	-0.14%
XP	F	-0.14%
OMAB	B	-0.13%
SBS	D	-0.12%
EBR	F	-0.11%
PAC	B	-0.11%
ASAI	F	-0.1%
SBSW	D	-0.09%
LPL	D	-0.09%
BCH	A	-0.09%
FINV	B	-0.08%
ASAI	F	-0.08%
HOLI	D	-0.07%
ELP	F	-0.06%
TKC	B	-0.06%
BRFS	B	-0.05%
BSAC	C	-0.05%
IFS	D	-0.04%
IMOS	F	-0.04%
TV	C	-0.04%
KT	D	-0.04%
CCU	B	-0.03%
VIV	F	-0.03%
GRIN	B	-0.03%
SGRP	C	-0.03%
WB	C	-0.03%
NOAH	B	-0.03%
SOHU	B	-0.02%
LX	C	-0.02%
BSBR	C	-0.02%
PDSB	F	-0.01%
NIU	D	-0.0%
DAO	D	-0.0%
BNR	D	-0.0%
CANG	B	-0.0%
SKM	C	-0.0%
API	B	-0.0%
CBD	F	-0.0%
CAAS	C	-0.0%