SPGM vs. FNDX ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Schwab Fundamental U.S. Large Company Index ETF (FNDX)

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

$64.85

Average Daily Volume

59,737

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

FNDX

Schwab Fundamental U.S. Large Company Index ETF

FNDX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$24.64

Average Daily Volume

1,178,356

Number of Holdings ^*

721

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	FNDX
30 Days	0.11%	2.37%
60 Days	1.66%	4.07%
90 Days	2.59%	5.72%
12 Months	24.96%	28.68%

321 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in FNDX	Overlap
A	D	0.2%	0.05%	0.05%
AA	A	0.04%	0.06%	0.04%
AAPL	C	3.74%	4.35%	3.74%
ABBV	F	0.19%	0.49%	0.19%
ABBV	F	0.36%	0.49%	0.36%
ABT	B	0.34%	0.34%	0.34%
ACN	B	0.28%	0.36%	0.28%
ADBE	C	0.34%	0.2%	0.2%
ADI	D	0.16%	0.13%	0.13%
ADM	D	0.08%	0.21%	0.08%
ADNT	F	0.0%	0.02%	0.0%
ADP	A	0.23%	0.15%	0.15%
ADSK	A	0.01%	0.03%	0.01%
AEP	C	0.16%	0.16%	0.16%
AES	F	0.01%	0.05%	0.01%
AFL	B	0.26%	0.21%	0.21%
ALB	B	0.01%	0.03%	0.01%
ALGN	D	0.01%	0.02%	0.01%
ALL	A	0.16%	0.27%	0.16%
ALLE	C	0.04%	0.01%	0.01%
ALLY	C	0.01%	0.1%	0.01%
AMAT	F	0.24%	0.24%	0.24%
AMD	F	0.23%	0.09%	0.09%
AMG	B	0.0%	0.04%	0.0%
AMGN	F	0.21%	0.39%	0.21%
AMT	C	0.16%	0.11%	0.11%
AMZN	C	2.13%	1.56%	1.56%
ANET	C	0.07%	0.04%	0.04%
AON	A	0.08%	0.13%	0.08%
APA	D	0.01%	0.03%	0.01%
APD	A	0.08%	0.13%	0.08%
APH	A	0.01%	0.09%	0.01%
APTV	F	0.0%	0.02%	0.0%
AR	B	0.0%	0.03%	0.0%
AVGO	D	0.87%	0.61%	0.61%
AXP	A	0.36%	0.36%	0.36%
BA	F	0.1%	0.11%	0.1%
BAC	A	0.53%	1.3%	0.53%
BAX	F	0.05%	0.07%	0.05%
BBWI	C	0.01%	0.03%	0.01%
BDX	F	0.16%	0.11%	0.11%
BEN	C	0.05%	0.04%	0.04%
BIIB	F	0.07%	0.09%	0.07%
BK	A	0.19%	0.26%	0.19%
BKNG	A	0.31%	0.24%	0.24%
BKR	A	0.03%	0.16%	0.03%
BLDR	D	0.01%	0.06%	0.01%
BLK	B	0.09%	0.28%	0.09%
BMY	B	0.14%	0.45%	0.14%
BRK.A	B	0.73%	2.17%	0.73%
BSX	A	0.14%	0.09%	0.09%
BTU	B	0.01%	0.03%	0.01%
BURL	B	0.0%	0.03%	0.0%
BX	A	0.06%	0.13%	0.06%
C	A	0.26%	1.1%	0.26%
CAG	F	0.04%	0.06%	0.04%
CAR	C	0.0%	0.03%	0.0%
CARR	C	0.06%	0.12%	0.06%
CAT	B	0.3%	0.41%	0.3%
CB	C	0.27%	0.26%	0.26%
CC	C	0.0%	0.02%	0.0%
CCL	A	0.02%	0.06%	0.02%
CDNS	B	0.07%	0.03%	0.03%
CEG	C	0.12%	0.1%	0.1%
CF	A	0.02%	0.07%	0.02%
CFG	B	0.02%	0.1%	0.02%
CHD	A	0.07%	0.04%	0.04%
CHRW	B	0.09%	0.08%	0.08%
CHTR	C	0.1%	0.35%	0.1%
CI	D	0.08%	0.48%	0.08%
CL	D	0.13%	0.13%	0.13%
CLF	F	0.0%	0.03%	0.0%
CLX	A	0.12%	0.04%	0.04%
CMCSA	B	0.18%	0.83%	0.18%
CME	B	0.09%	0.08%	0.08%
CMG	B	0.11%	0.04%	0.04%
CMI	A	0.26%	0.19%	0.19%
CNC	D	0.0%	0.19%	0.0%
CNH	C	0.01%	0.02%	0.01%
COF	C	0.15%	0.48%	0.15%
COHR	B	0.01%	0.02%	0.01%
COP	C	0.18%	0.48%	0.18%
COST	A	0.56%	0.66%	0.56%
CRM	B	0.49%	0.15%	0.15%
CSCO	B	0.36%	0.82%	0.36%
CSX	C	0.19%	0.22%	0.19%
CTSH	B	0.13%	0.19%	0.13%
CTVA	C	0.07%	0.09%	0.07%
CVS	D	0.13%	0.68%	0.13%
CVX	A	0.35%	1.25%	0.35%
CYH	F	0.01%	0.01%	0.01%
CZR	F	0.01%	0.02%	0.01%
DAN	D	0.0%	0.01%	0.0%
DD	C	0.08%	0.17%	0.08%
DE	B	0.18%	0.23%	0.18%
DELL	B	0.02%	0.03%	0.02%
DFS	B	0.2%	0.26%	0.2%
DHI	F	0.0%	0.16%	0.0%
DHR	F	0.28%	0.15%	0.15%
DIS	B	0.3%	0.45%	0.3%
DLR	B	0.01%	0.08%	0.01%
DLTR	F	0.04%	0.05%	0.04%
DOC	C	0.05%	0.03%	0.03%
DOW	F	0.06%	0.18%	0.06%
DUK	C	0.1%	0.3%	0.1%
DVN	F	0.01%	0.09%	0.01%
DXC	B	0.01%	0.05%	0.01%
EA	A	0.0%	0.09%	0.0%
EBAY	D	0.1%	0.17%	0.1%
ECL	D	0.14%	0.08%	0.08%
EIX	B	0.12%	0.1%	0.1%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.17%	0.36%	0.17%
EMR	B	0.21%	0.17%	0.17%
EOG	A	0.16%	0.23%	0.16%
EPAM	B	0.01%	0.02%	0.01%
EQIX	A	0.05%	0.08%	0.05%
EQR	C	0.06%	0.05%	0.05%
EQT	B	0.0%	0.04%	0.0%
ETN	A	0.24%	0.23%	0.23%
EXC	C	0.06%	0.17%	0.06%
EXPE	B	0.01%	0.04%	0.01%
F	C	0.07%	0.33%	0.07%
FAST	B	0.13%	0.07%	0.07%
FCX	F	0.04%	0.14%	0.04%
FDX	B	0.18%	0.32%	0.18%
FE	C	0.07%	0.09%	0.07%
FI	A	0.05%	0.13%	0.05%
FIS	C	0.01%	0.12%	0.01%
FOXA	A	0.05%	0.1%	0.05%
FSLR	F	0.02%	0.01%	0.01%
FTI	A	0.03%	0.01%	0.01%
FTNT	C	0.03%	0.03%	0.03%
FTV	C	0.06%	0.03%	0.03%
GD	D	0.22%	0.21%	0.21%
GE	D	0.14%	0.15%	0.14%
GEHC	D	0.02%	0.09%	0.02%
GEV	B	0.07%	0.04%	0.04%
GILD	C	0.19%	0.37%	0.19%
GIS	D	0.05%	0.11%	0.05%
GLW	B	0.15%	0.14%	0.14%
GM	C	0.09%	0.79%	0.09%
GNRC	C	0.01%	0.02%	0.01%
GOOG	C	1.1%	1.14%	1.1%
GOOGL	C	1.1%	1.33%	1.1%
GPN	B	0.0%	0.09%	0.0%
GS	A	0.38%	0.62%	0.38%
GXO	B	0.0%	0.02%	0.0%
HAL	C	0.05%	0.06%	0.05%
HCA	F	0.02%	0.2%	0.02%
HD	B	0.57%	0.8%	0.57%
HES	B	0.12%	0.06%	0.06%
HOG	D	0.0%	0.02%	0.0%
HON	C	0.22%	0.37%	0.22%
HPE	B	0.07%	0.21%	0.07%
HPQ	B	0.11%	0.21%	0.11%
HST	C	0.0%	0.04%	0.0%
HSY	F	0.11%	0.04%	0.04%
IBM	C	0.27%	0.54%	0.27%
ICE	C	0.1%	0.11%	0.1%
IDXX	F	0.0%	0.02%	0.0%
IFF	D	0.02%	0.05%	0.02%
ILMN	C	0.01%	0.03%	0.01%
INTC	C	0.14%	0.89%	0.14%
INTU	B	0.38%	0.11%	0.11%
IR	B	0.13%	0.03%	0.03%
ISRG	A	0.18%	0.09%	0.09%
ITW	B	0.14%	0.15%	0.14%
JCI	B	0.18%	0.16%	0.16%
JNJ	C	0.39%	0.89%	0.39%
JNPR	D	0.06%	0.05%	0.05%
JPM	A	0.95%	2.03%	0.95%
K	A	0.07%	0.07%	0.07%
KD	B	0.01%	0.05%	0.01%
KEYS	A	0.12%	0.04%	0.04%
KHC	F	0.0%	0.09%	0.0%
KIM	A	0.0%	0.03%	0.0%
KKR	A	0.11%	0.12%	0.11%
KLAC	F	0.04%	0.08%	0.04%
KMB	C	0.11%	0.1%	0.1%
KMI	A	0.03%	0.23%	0.03%
KO	D	0.29%	0.35%	0.29%
KSS	F	0.01%	0.06%	0.01%
KVUE	A	0.04%	0.05%	0.04%
LDOS	C	0.03%	0.07%	0.03%
LILAK	D	0.0%	0.01%	0.0%
LIN	C	0.32%	0.33%	0.32%
LLY	F	0.7%	0.2%	0.2%
LMT	D	0.25%	0.37%	0.25%
LOW	C	0.31%	0.43%	0.31%
LRCX	F	0.06%	0.15%	0.06%
LULU	C	0.02%	0.01%	0.01%
LUMN	C	0.01%	0.65%	0.01%
LVS	B	0.04%	0.04%	0.04%
LW	C	0.04%	0.02%	0.02%
LYB	F	0.07%	0.14%	0.07%
M	F	0.01%	0.06%	0.01%
MA	B	0.43%	0.29%	0.29%
MATX	C	0.01%	0.02%	0.01%
MCD	D	0.23%	0.34%	0.23%
MCK	A	0.25%	0.11%	0.11%
MCO	B	0.02%	0.07%	0.02%
MDLZ	F	0.05%	0.2%	0.05%
MDT	D	0.23%	0.16%	0.16%
MET	A	0.2%	0.26%	0.2%
META	D	1.43%	1.79%	1.43%
MKC	C	0.11%	0.03%	0.03%
MMC	B	0.17%	0.14%	0.14%
MMM	D	0.1%	0.35%	0.1%
MO	A	0.09%	0.37%	0.09%
MOS	F	0.02%	0.06%	0.02%
MPC	D	0.17%	0.4%	0.17%
MRK	D	0.31%	0.42%	0.31%
MRNA	F	0.01%	0.03%	0.01%
MRO	B	0.07%	0.09%	0.07%
MRVL	B	0.05%	0.04%	0.04%
MS	A	0.32%	0.46%	0.32%
MSFT	D	3.35%	2.43%	2.43%
MTB	A	0.13%	0.11%	0.11%
MU	D	0.07%	0.38%	0.07%
NEE	C	0.25%	0.24%	0.24%
NEM	D	0.03%	0.13%	0.03%
NFLX	A	0.37%	0.17%	0.17%
NKE	F	0.18%	0.19%	0.18%
NOC	D	0.16%	0.2%	0.16%
NOV	C	0.01%	0.02%	0.01%
NOW	A	0.16%	0.01%	0.01%
NSC	B	0.17%	0.21%	0.17%
NTAP	C	0.1%	0.07%	0.07%
NUE	C	0.02%	0.19%	0.02%
NVDA	B	4.01%	0.4%	0.4%
NVT	B	0.0%	0.02%	0.0%
NWSA	A	0.01%	0.04%	0.01%
NXPI	D	0.01%	0.05%	0.01%
ODFL	C	0.01%	0.06%	0.01%
OGN	F	0.0%	0.04%	0.0%
ON	D	0.01%	0.04%	0.01%
ORCL	A	0.43%	0.5%	0.43%
ORLY	B	0.22%	0.11%	0.11%
OTIS	C	0.04%	0.05%	0.04%
OVV	B	0.0%	0.06%	0.0%
OXY	D	0.05%	0.11%	0.05%
PANW	B	0.11%	0.03%	0.03%
PARA	C	0.02%	0.11%	0.02%
PBF	D	0.01%	0.03%	0.01%
PCG	A	0.0%	0.03%	0.0%
PEG	A	0.15%	0.11%	0.11%
PENN	C	0.0%	0.02%	0.0%
PEP	F	0.26%	0.41%	0.26%
PFE	F	0.17%	0.68%	0.17%
PG	C	0.49%	0.77%	0.49%
PGR	A	0.17%	0.23%	0.17%
PH	A	0.17%	0.13%	0.13%
PLD	F	0.23%	0.07%	0.07%
PM	B	0.21%	0.48%	0.21%
PNC	B	0.17%	0.3%	0.17%
PNR	A	0.01%	0.04%	0.01%
PPL	A	0.08%	0.11%	0.08%
PRU	A	0.16%	0.22%	0.16%
PSA	C	0.22%	0.05%	0.05%
PSX	C	0.05%	0.36%	0.05%
PYPL	B	0.15%	0.22%	0.15%
QCOM	F	0.27%	0.43%	0.27%
REG	A	0.0%	0.02%	0.0%
REGN	F	0.09%	0.1%	0.09%
REZI	A	0.0%	0.02%	0.0%
ROST	D	0.17%	0.07%	0.07%
RTX	D	0.33%	0.34%	0.33%
SBUX	A	0.2%	0.28%	0.2%
SCHW	B	0.18%	0.13%	0.13%
SHW	B	0.03%	0.08%	0.03%
SJM	D	0.07%	0.05%	0.05%
SLB	C	0.07%	0.12%	0.07%
SM	B	0.0%	0.02%	0.0%
SNPS	B	0.04%	0.03%	0.03%
SO	C	0.07%	0.26%	0.07%
SOLV	D	0.01%	0.02%	0.01%
SPG	A	0.15%	0.1%	0.1%
SPGI	C	0.24%	0.15%	0.15%
SQ	A	0.01%	0.03%	0.01%
SQ	A	0.03%	0.03%	0.03%
STT	B	0.08%	0.1%	0.08%
STX	C	0.06%	0.09%	0.06%
SYF	B	0.06%	0.34%	0.06%
SYK	B	0.2%	0.13%	0.13%
SYY	D	0.12%	0.1%	0.1%
T	A	0.21%	1.27%	0.21%
TDG	D	0.01%	0.06%	0.01%
TGT	F	0.12%	0.38%	0.12%
THO	B	0.0%	0.04%	0.0%
TJX	A	0.35%	0.22%	0.22%
TMO	F	0.38%	0.25%	0.25%
TMUS	B	0.07%	0.25%	0.07%
TPR	B	0.04%	0.05%	0.04%
TRV	B	0.21%	0.31%	0.21%
TSLA	B	1.01%	0.28%	0.28%
TSN	B	0.08%	0.2%	0.08%
TT	A	0.19%	0.06%	0.06%
TTWO	A	0.0%	0.03%	0.0%
TXN	C	0.37%	0.34%	0.34%
UBER	F	0.13%	0.04%	0.04%
UNH	B	0.68%	1.22%	0.68%
UNP	C	0.26%	0.35%	0.26%
UPS	C	0.11%	0.28%	0.11%
URI	C	0.02%	0.13%	0.02%
USB	A	0.12%	0.32%	0.12%
V	A	0.7%	0.36%	0.36%
VLO	C	0.11%	0.39%	0.11%
VRTX	D	0.07%	0.07%	0.07%
VTRS	A	0.01%	0.1%	0.01%
VZ	C	0.14%	1.13%	0.14%
WBA	F	0.01%	0.17%	0.01%
WBD	B	0.02%	0.08%	0.02%
WDC	D	0.06%	0.12%	0.06%
WFC	A	0.44%	1.35%	0.44%
WM	B	0.22%	0.15%	0.15%
WMB	A	0.08%	0.17%	0.08%
WMT	A	0.41%	1.47%	0.41%
XOM	B	0.68%	1.99%	0.68%
YUM	D	0.11%	0.08%	0.08%
ZTS	D	0.09%	0.07%	0.07%

SPGM Overweight 682 Positions Relative to FNDX

Symbol	Grade	Weight
TSM	B	0.99%
TM	F	0.26%
SONY	B	0.22%
NVS	F	0.22%
BABA	D	0.2%
HSBH	B	0.19%
MUFG	B	0.17%
IBN	C	0.17%
INFY	C	0.16%
UL	D	0.16%
SHOP	B	0.14%
PLTR	B	0.13%
CNI	F	0.13%
RDY	F	0.12%
ROIC	A	0.12%
TD	D	0.11%
MELI	C	0.1%
CRWD	B	0.09%
UMH	B	0.09%
AZN	F	0.08%
PDD	F	0.08%
SMFG	B	0.08%
CHT	C	0.08%
BCS	A	0.07%
DEO	F	0.07%
VRT	B	0.07%
MFG	A	0.07%
NXRT	B	0.07%
TCOM	B	0.07%
DEA	D	0.06%
UMC	F	0.06%
AXON	A	0.06%
COIN	C	0.06%
APP	B	0.06%
WIT	B	0.06%
VALE	F	0.06%
HDB	C	0.06%
STLA	F	0.05%
ITUB	F	0.05%
NMR	B	0.05%
MOD	A	0.05%
GOOD	B	0.05%
MSTR	B	0.05%
LYG	D	0.05%
E	F	0.05%
TTD	B	0.05%
RCL	A	0.04%
YUMC	C	0.04%
KB	B	0.04%
SE	A	0.04%
VLTO	C	0.04%
ABNB	C	0.04%
PKX	D	0.04%
HMC	F	0.03%
LNTH	D	0.03%
FICO	B	0.03%
ITCI	C	0.03%
LNW	F	0.03%
AXNX	A	0.03%
DDOG	A	0.03%
QTWO	A	0.03%
WTTR	A	0.03%
NU	C	0.03%
TAC	A	0.03%
BIDU	F	0.03%
TEAM	A	0.03%
BBD	D	0.03%
PBR	D	0.03%
NET	B	0.03%
TBBK	B	0.03%
CVNA	B	0.03%
BRSP	C	0.03%
DX	B	0.03%
SNOW	B	0.03%
DASH	B	0.03%
VERX	A	0.02%
TGTX	B	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%
DXCM	C	0.02%
AZEK	A	0.02%
IIPR	D	0.02%
AFRM	A	0.02%
GOLD	C	0.02%
ABEV	F	0.02%
SKY	A	0.02%
AHH	D	0.02%
RBLX	C	0.02%
CHCT	C	0.02%
TTGT	B	0.02%
ZM	C	0.02%
TMDX	F	0.02%
MPWR	F	0.02%
DKNG	B	0.02%
MDB	B	0.02%
ZS	B	0.02%
HUBS	A	0.02%
RKLB	A	0.02%
CHX	C	0.02%
HOV	D	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
SHG	C	0.02%
MT	B	0.02%
WDAY	B	0.02%
HIMS	B	0.02%
MITK	C	0.01%
DT	D	0.01%
AI	B	0.01%
LASR	D	0.01%
KYMR	D	0.01%
BOOT	C	0.01%
BLFS	C	0.01%
PRTA	F	0.01%
ACMR	D	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	D	0.01%
PGC	B	0.01%
LC	A	0.01%
FLYW	B	0.01%
PCT	C	0.01%
BASE	B	0.01%
ALKT	B	0.01%
GDYN	B	0.01%
KOP	C	0.01%
EXPI	D	0.01%
WSR	A	0.01%
GATO	C	0.01%
OMI	F	0.01%
BCRX	D	0.01%
LAZR	D	0.01%
PHI	D	0.01%
SLP	D	0.01%
CELH	F	0.01%
CLDX	F	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	B	0.01%
U	C	0.01%
ITRI	C	0.01%
PCH	F	0.01%
RLX	C	0.01%
AUPH	B	0.01%
GTLB	B	0.01%
CROX	D	0.01%
COLL	F	0.01%
SMAR	B	0.01%
VMEO	B	0.01%
SRPT	F	0.01%
VICR	C	0.01%
HASI	D	0.01%
CLNE	F	0.01%
ALEX	B	0.01%
PHR	F	0.01%
CIFR	C	0.01%
RDFN	D	0.01%
BGNE	D	0.01%
YETI	D	0.01%
ZETA	D	0.01%
PNTG	D	0.01%
AGNC	C	0.01%
EXAS	D	0.01%
ALNY	D	0.01%
EFC	C	0.01%
ENPH	F	0.01%
DQ	F	0.01%
RCUS	F	0.01%
FBK	C	0.01%
DOCS	C	0.01%
AUR	C	0.01%
BILL	A	0.01%
SEMR	C	0.01%
RIOT	C	0.01%
CCB	A	0.01%
LWLG	D	0.01%
SID	F	0.01%
TWST	F	0.01%
USLM	A	0.01%
PTCT	B	0.01%
MCB	B	0.01%
RNA	C	0.01%
ULH	C	0.01%
LIND	C	0.01%
AMSC	B	0.01%
MCRI	A	0.01%
TGI	B	0.01%
MGNI	B	0.01%
INMD	C	0.01%
PEN	B	0.01%
OSW	B	0.01%
LOB	C	0.01%
MBIN	F	0.01%
ROKU	D	0.01%
BZH	C	0.01%
DH	F	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	B	0.01%
OKTA	C	0.01%
SDGR	C	0.01%
ARWR	D	0.01%
TREE	F	0.01%
AKO.A	F	0.01%
GERN	D	0.01%
ENS	F	0.01%
VSTO	A	0.01%
THR	B	0.01%
CPRX	C	0.01%
TFIN	B	0.01%
MDGL	B	0.01%
AAOI	B	0.01%
SCCO	F	0.01%
TME	D	0.01%
FOUR	A	0.01%
CLDT	B	0.01%
MRC	B	0.01%
Z	A	0.01%
RIVN	F	0.01%
CLBT	B	0.01%
NBR	C	0.01%
CLSK	C	0.01%
NIO	F	0.01%
SMCI	F	0.01%
TTI	B	0.01%
CENX	B	0.01%
AKRO	B	0.01%
INTA	B	0.01%
FLNG	C	0.01%
MARA	B	0.01%
GMS	B	0.01%
HSTM	B	0.01%
RDNT	B	0.01%
DOCU	B	0.01%
BHF	C	0.01%
LBRDK	C	0.01%
AAON	B	0.01%
TDOC	C	0.01%
GME	C	0.01%
RVLV	A	0.01%
PAY	A	0.01%
SNAP	D	0.01%
UPST	B	0.01%
MHO	D	0.01%
BBIO	F	0.01%
ABR	C	0.01%
GSAT	C	0.01%
KOS	D	0.01%
ERJ	A	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	C	0.01%
XPEV	C	0.01%
KEX	B	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	F	0.01%
TWLO	A	0.01%
PTON	A	0.01%
VIPS	F	0.01%
COMP	B	0.01%
DDD	C	0.01%
EPRT	B	0.01%
TAL	F	0.01%
GRBK	D	0.01%
TEVA	C	0.01%
IMXI	B	0.01%
PLAY	D	0.01%
PINS	F	0.01%
RYTM	C	0.01%
DYN	F	0.01%
SRRK	C	0.01%
MTDR	B	0.01%
SOFI	B	0.01%
POWL	C	0.01%
PLMR	A	0.01%
KRYS	C	0.0%
LI	F	0.0%
AGL	F	0.0%
XPEV	C	0.0%
SCLX	F	0.0%
SMWB	A	0.0%
JAMF	F	0.0%
OEC	C	0.0%
MP	C	0.0%
JOBY	B	0.0%
CRCT	F	0.0%
TH	C	0.0%
WOLF	F	0.0%
FLWS	D	0.0%
BMBL	C	0.0%
CGEM	F	0.0%
MLCO	F	0.0%
SEDG	F	0.0%
ASTH	F	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	C	0.0%
PKST	F	0.0%
KE	C	0.0%
LGIH	F	0.0%
MLNK	C	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	D	0.0%
VRE	B	0.0%
PRVA	C	0.0%
FNA	B	0.0%
MAX	F	0.0%
EYE	C	0.0%
RENB	F	0.0%
ORLA	C	0.0%
PUMP	C	0.0%
TPB	B	0.0%
PD	C	0.0%
KRNT	B	0.0%
RGNX	D	0.0%
SVC	F	0.0%
CHRD	D	0.0%
REPL	D	0.0%
VIR	D	0.0%
PARR	F	0.0%
NABL	F	0.0%
CEVA	B	0.0%
LYEL	F	0.0%
BVN	D	0.0%
CTKB	C	0.0%
FSBC	C	0.0%
CRSR	C	0.0%
SGRY	F	0.0%
OLO	A	0.0%
OLMA	F	0.0%
TMCI	C	0.0%
HUMA	F	0.0%
PFC	B	0.0%
GOGO	C	0.0%
COTY	F	0.0%
MBAVU	C	0.0%
ICHR	C	0.0%
IRTC	C	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	F	0.0%
ETNB	C	0.0%
KRUS	B	0.0%
RIG	D	0.0%
SAVA	C	0.0%
CECO	B	0.0%
HAE	C	0.0%
LPRO	B	0.0%
CALX	D	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
APPN	B	0.0%
THRM	F	0.0%
GDS	C	0.0%
PDFS	C	0.0%
QFIN	A	0.0%
QTRX	F	0.0%
AOSL	C	0.0%
NMIH	C	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	D	0.0%
XHR	B	0.0%
DJT	C	0.0%
DBI	F	0.0%
RXST	F	0.0%
FBRT	D	0.0%
NCNO	C	0.0%
ATRO	D	0.0%
MQ	D	0.0%
PUBM	C	0.0%
DNOW	B	0.0%
ADUS	D	0.0%
ATEC	C	0.0%
LESL	D	0.0%
HURN	C	0.0%
BROS	A	0.0%
ENIC	B	0.0%
CEIX	A	0.0%
NVRI	D	0.0%
MDXG	B	0.0%
UCTT	D	0.0%
CUBI	B	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	A	0.0%
IOVA	F	0.0%
DGII	C	0.0%
GKOS	B	0.0%
UVV	B	0.0%
HAYN	A	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	D	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	B	0.0%
NEOG	F	0.0%
GDRX	F	0.0%
CYRX	F	0.0%
GH	B	0.0%
FVRR	B	0.0%
CDNA	D	0.0%
AVNS	F	0.0%
RVNC	F	0.0%
NEXT	C	0.0%
KRNY	C	0.0%
MEG	F	0.0%
SIGA	F	0.0%
TNDM	D	0.0%
DHC	F	0.0%
ATHM	C	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	B	0.0%
SITM	B	0.0%
UWMC	D	0.0%
METC	C	0.0%
BIGC	B	0.0%
EWCZ	F	0.0%
EYPT	D	0.0%
WGO	C	0.0%
FC	F	0.0%
GNK	D	0.0%
SOUN	B	0.0%
PHAT	F	0.0%
ARRY	F	0.0%
LMND	B	0.0%
OSPN	A	0.0%
SNDX	F	0.0%
BEAM	D	0.0%
BHB	C	0.0%
ENVA	B	0.0%
FIVN	C	0.0%
NVAX	F	0.0%
CFLT	B	0.0%
HRI	C	0.0%
MTW	C	0.0%
AMC	C	0.0%
CRMT	D	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	A	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%
MTCH	D	0.0%
INDI	C	0.0%
FRSH	B	0.0%
FATE	F	0.0%
ATUS	B	0.0%
BXC	B	0.0%
QNST	B	0.0%
ERAS	C	0.0%
NTRA	A	0.0%
GRAB	A	0.0%
PODD	C	0.0%
IQ	F	0.0%
ALEC	F	0.0%
RCKT	F	0.0%
BRZE	C	0.0%
AX	B	0.0%
VSCO	C	0.0%
DIN	C	0.0%
FUBO	D	0.0%
AXSM	B	0.0%
TUYA	D	0.0%
RXRX	F	0.0%
VPG	F	0.0%
ETSY	D	0.0%
CCBG	B	0.0%
LMB	B	0.0%
ATKR	D	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	C	0.0%
VRNS	D	0.0%
ARVN	F	0.0%
YEXT	B	0.0%
ELF	C	0.0%
UEC	B	0.0%
NSSC	D	0.0%
TRUP	B	0.0%
NUVL	C	0.0%
ASPN	F	0.0%
NUVB	C	0.0%
SPT	C	0.0%
DUOL	A	0.0%
VITL	D	0.0%
DCO	C	0.0%
KLG	B	0.0%
IIIN	C	0.0%
RLAY	F	0.0%
DOCN	C	0.0%
JELD	F	0.0%
PLPC	B	0.0%
CSGP	D	0.0%
SPR	D	0.0%
CASS	C	0.0%
RGEN	D	0.0%
SAM	C	0.0%
VRDN	D	0.0%
ALLO	F	0.0%
RNG	C	0.0%
JBI	F	0.0%
SITE	F	0.0%
ENFN	B	0.0%
IBUY	B	0.0%
LSPD	C	0.0%
ANF	F	0.0%
RLJ	C	0.0%
PRG	C	0.0%
PTGX	D	0.0%
RUN	F	0.0%
ACVA	B	0.0%
HCP	B	0.0%
WRBY	A	0.0%
RPAY	D	0.0%
CIG	C	0.0%
AMPS	C	0.0%
CHGX	A	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%
PL	B	0.0%
PATH	C	0.0%
DMRC	B	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	B	0.0%
NPAB	F	0.0%
QS	F	0.0%
WRLD	C	0.0%
CHPT	F	0.0%
EVRI	A	0.0%
APLD	B	0.0%
DRH	B	0.0%
KREF	C	0.0%
LYFT	C	0.0%
EXTR	C	0.0%
ROIV	C	0.0%
PAYO	A	0.0%
BLND	A	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	F	0.0%
NEO	C	0.0%
ASAN	B	0.0%
FLNC	D	0.0%
PAR	A	0.0%
BJRI	C	0.0%
REPX	A	0.0%
NRIX	C	0.0%
LEGH	D	0.0%
PRCT	B	0.0%
CARS	C	0.0%
TIGR	D	0.0%
AMR	C	0.0%
WIX	A	0.0%
ELAN	D	0.0%
SONO	C	0.0%
CDE	C	0.0%
SQM	D	0.0%
W	D	0.0%
MNMD	C	0.0%
VERV	F	0.0%
HEES	C	0.0%
WEAV	C	0.0%
XMTR	B	0.0%
CMPR	D	0.0%

SPGM Underweight 402 Positions Relative to FNDX

Symbol	Grade	Weight
KR	B	-0.3%
AIG	B	-0.28%
TFC	A	-0.23%
HUM	C	-0.19%
IP	A	-0.17%
D	C	-0.17%
VST	A	-0.16%
BBY	D	-0.16%
LHX	C	-0.16%
LEN	D	-0.16%
AMP	A	-0.15%
PCAR	B	-0.15%
OKE	A	-0.14%
HIG	B	-0.14%
FITB	B	-0.13%
TROW	B	-0.13%
SRE	A	-0.13%
CBRE	B	-0.13%
ED	C	-0.12%
ETR	B	-0.12%
XEL	A	-0.12%
PHM	D	-0.11%
STLD	B	-0.11%
KEY	B	-0.1%
WELL	A	-0.1%
BG	D	-0.1%
NRG	B	-0.1%
RF	A	-0.09%
SW	A	-0.09%
RS	B	-0.09%
PFG	D	-0.09%
MAR	A	-0.09%
WY	F	-0.09%
CCI	C	-0.09%
LH	B	-0.09%
ARW	D	-0.08%
EMN	C	-0.08%
HBAN	A	-0.08%
NTRS	A	-0.08%
NVR	D	-0.08%
USFD	A	-0.08%
VTR	B	-0.08%
WHR	B	-0.08%
ES	C	-0.08%
OMC	C	-0.08%
UHS	D	-0.08%
DG	F	-0.08%
GWW	B	-0.08%
PPG	F	-0.08%
WEC	A	-0.08%
WKC	C	-0.08%
CTAS	B	-0.08%
JLL	D	-0.08%
IQV	F	-0.07%
OC	A	-0.07%
VFC	C	-0.07%
MSI	B	-0.07%
HWM	A	-0.07%
SWK	D	-0.07%
CMA	B	-0.07%
WTW	B	-0.07%
AEE	A	-0.07%
DGX	A	-0.07%
TRGP	A	-0.07%
THC	D	-0.07%
EVRG	A	-0.07%
STZ	D	-0.07%
CAH	B	-0.07%
PWR	A	-0.07%
R	B	-0.07%
KDP	F	-0.07%
CINF	A	-0.07%
X	B	-0.07%
LAD	A	-0.07%
PKG	A	-0.07%
AVT	C	-0.07%
DTE	C	-0.07%
SNA	A	-0.06%
TOL	B	-0.06%
MGM	D	-0.06%
DVA	C	-0.06%
TSCO	D	-0.06%
CPAY	A	-0.06%
JEF	A	-0.06%
TXT	D	-0.06%
ROK	C	-0.06%
BALL	F	-0.06%
UNM	A	-0.06%
AZO	C	-0.06%
CMS	C	-0.06%
ZION	B	-0.06%
OMF	A	-0.06%
MHK	D	-0.06%
LNG	A	-0.06%
FLEX	B	-0.06%
JBL	C	-0.06%
IRM	C	-0.06%
PFGC	B	-0.06%
HLT	A	-0.06%
EME	A	-0.06%
CNP	A	-0.06%
FNF	B	-0.06%
RSG	A	-0.06%
PAYX	B	-0.06%
WAB	B	-0.06%
DOV	A	-0.06%
KMX	B	-0.06%
MOH	F	-0.05%
ACM	B	-0.05%
VNO	C	-0.05%
NI	A	-0.05%
MNST	C	-0.05%
VMC	B	-0.05%
AFG	A	-0.05%
INGR	C	-0.05%
ZBH	C	-0.05%
ORI	A	-0.05%
JBHT	C	-0.05%
MKL	A	-0.05%
CSL	C	-0.05%
MCHP	F	-0.05%
IVZ	B	-0.05%
L	A	-0.05%
DRI	B	-0.05%
AJG	A	-0.05%
AN	C	-0.05%
BXP	C	-0.05%
GPC	D	-0.05%
AVB	B	-0.05%
ALSN	B	-0.05%
LEA	F	-0.05%
EQH	C	-0.05%
TDS	B	-0.05%
GPI	B	-0.05%
FANG	C	-0.05%
CASY	A	-0.05%
DINO	D	-0.05%
BWA	D	-0.05%
ROP	B	-0.05%
MAS	D	-0.05%
J	D	-0.05%
AME	A	-0.05%
SFM	A	-0.05%
RJF	A	-0.05%
LKQ	F	-0.05%
BFH	C	-0.05%
LNC	C	-0.05%
TAP	C	-0.05%
O	C	-0.04%
FBIN	D	-0.04%
LPX	B	-0.04%
BCC	B	-0.04%
GAP	C	-0.04%
SSNC	B	-0.04%
TER	F	-0.04%
OSK	C	-0.04%
AVY	F	-0.04%
IPG	D	-0.04%
ZIM	C	-0.04%
UFPI	C	-0.04%
FYBR	C	-0.04%
RPM	A	-0.04%
CNO	B	-0.04%
DOX	D	-0.04%
CRBG	B	-0.04%
EXPD	C	-0.04%
SLM	A	-0.04%
TMHC	C	-0.04%
CCK	D	-0.04%
WAT	C	-0.04%
ZBRA	B	-0.04%
DKS	D	-0.04%
GT	C	-0.04%
RGA	A	-0.04%
ATO	A	-0.04%
SWKS	F	-0.04%
HOLX	D	-0.04%
RHI	C	-0.04%
HSIC	C	-0.04%
AWK	C	-0.04%
EW	C	-0.04%
LNT	A	-0.04%
GEN	B	-0.04%
FAF	A	-0.04%
MUSA	B	-0.04%
BERY	C	-0.04%
LPLA	A	-0.04%
PVH	C	-0.04%
PNW	A	-0.04%
AYI	B	-0.04%
WCC	B	-0.04%
KNX	C	-0.04%
WSM	C	-0.04%
VRSK	A	-0.04%
EVR	B	-0.04%
JXN	C	-0.04%
MAN	F	-0.04%
MLM	C	-0.04%
UGI	C	-0.04%
CDW	F	-0.04%
EXP	B	-0.03%
SEE	C	-0.03%
THG	A	-0.03%
LSTR	D	-0.03%
PRI	B	-0.03%
INVH	D	-0.03%
FMC	D	-0.03%
SCI	B	-0.03%
IEX	C	-0.03%
ACI	C	-0.03%
ACGL	C	-0.03%
TDY	B	-0.03%
CPRT	B	-0.03%
GNTX	C	-0.03%
AAP	D	-0.03%
TRU	D	-0.03%
ITT	A	-0.03%
RVTY	F	-0.03%
KBH	D	-0.03%
CW	C	-0.03%
TPH	D	-0.03%
LII	A	-0.03%
G	B	-0.03%
GDDY	A	-0.03%
FLR	B	-0.03%
SNX	D	-0.03%
BC	C	-0.03%
STE	D	-0.03%
APO	B	-0.03%
ABG	C	-0.03%
SNV	C	-0.03%
ARE	F	-0.03%
SEIC	B	-0.03%
MSCI	C	-0.03%
VOYA	B	-0.03%
QRVO	F	-0.03%
MTD	F	-0.03%
AMCR	C	-0.03%
ARMK	B	-0.03%
CPB	D	-0.03%
AIZ	A	-0.03%
EFX	F	-0.03%
DAL	B	-0.03%
OGE	A	-0.03%
GPK	C	-0.03%
HAS	D	-0.03%
EXR	C	-0.03%
AKAM	D	-0.03%
FL	F	-0.03%
RRX	B	-0.03%
RL	C	-0.03%
AGCO	D	-0.03%
CACI	D	-0.03%
ESS	B	-0.03%
MTH	D	-0.03%
JHG	B	-0.03%
HII	F	-0.03%
HRL	D	-0.03%
XYL	D	-0.03%
EWBC	A	-0.03%
NDAQ	A	-0.03%
WU	F	-0.03%
TRMB	B	-0.03%
CIEN	C	-0.03%
ULTA	F	-0.03%
GNW	A	-0.03%
NXST	C	-0.03%
GRMN	B	-0.03%
MAA	B	-0.03%
FFIV	B	-0.03%
CG	B	-0.03%
HUN	F	-0.03%
FHN	A	-0.03%
CTRA	B	-0.03%
CMC	B	-0.03%
OLN	F	-0.03%
IT	C	-0.03%
DECK	A	-0.03%
DPZ	C	-0.03%
BAH	F	-0.03%
CE	F	-0.03%
WSO	A	-0.03%
RMD	C	-0.03%
MTZ	B	-0.03%
WRB	A	-0.03%
SANM	B	-0.03%
NWL	C	-0.03%
HBI	B	-0.03%
GL	C	-0.03%
MLI	B	-0.03%
HUBB	B	-0.03%
BR	A	-0.03%
WLK	D	-0.02%
MDU	D	-0.02%
MTN	C	-0.02%
ODP	F	-0.02%
EG	C	-0.02%
ALV	C	-0.02%
ALK	B	-0.02%
FLO	D	-0.02%
MPW	F	-0.02%
LEG	F	-0.02%
BPOP	C	-0.02%
CHKP	C	-0.02%
TFX	F	-0.02%
ARCH	B	-0.02%
TKR	D	-0.02%
MIDD	C	-0.02%
AER	A	-0.02%
NSIT	F	-0.02%
KBR	F	-0.02%
POR	C	-0.02%
MKSI	C	-0.02%
VAC	C	-0.02%
TTC	C	-0.02%
UHAL	D	-0.02%
XRX	F	-0.02%
WPC	C	-0.02%
ASO	F	-0.02%
GLPI	C	-0.02%
WERN	C	-0.02%
OI	C	-0.02%
POST	C	-0.02%
NFG	A	-0.02%
ANSS	B	-0.02%
ASGN	F	-0.02%
SBAC	D	-0.02%
NAVI	F	-0.02%
NDSN	B	-0.02%
WST	C	-0.02%
CCEP	C	-0.02%
LECO	C	-0.02%
ST	F	-0.02%
AL	B	-0.02%
MUR	D	-0.02%
TPX	B	-0.02%
PII	F	-0.02%
STWD	C	-0.02%
PAG	B	-0.02%
HUBG	A	-0.02%
SLG	B	-0.02%
GGG	B	-0.02%
CTLT	C	-0.02%
JKHY	D	-0.02%
CPT	B	-0.02%
POOL	C	-0.02%
DCI	B	-0.02%
FCNCA	A	-0.02%
AVTR	F	-0.02%
AOS	F	-0.02%
BECN	B	-0.02%
SKX	D	-0.02%
SUI	C	-0.02%
LAMR	C	-0.02%
PK	C	-0.02%
BRX	A	-0.02%
UDR	B	-0.02%
VICI	C	-0.02%
MTG	C	-0.02%
ABM	B	-0.02%
DAR	C	-0.02%
ATR	B	-0.02%
BJ	A	-0.02%
EHC	B	-0.02%
RUSHA	C	-0.02%
SAIC	F	-0.02%
BRO	B	-0.02%
COR	B	-0.02%
TGNA	B	-0.02%
BAP	A	-0.02%
SON	F	-0.02%
AXTA	B	-0.02%
LUV	C	-0.02%
VSH	F	-0.01%
ANDE	D	-0.01%
CNXC	F	-0.01%
CRL	D	-0.01%
VRSN	C	-0.01%
DBX	B	-0.01%
ICLR	D	-0.01%
WTRG	B	-0.01%
MSM	C	-0.01%
SPTN	D	-0.01%
CHE	D	-0.01%
MMS	F	-0.01%
AEO	F	-0.01%
JAZZ	B	-0.01%
BLD	D	-0.01%
CBOE	C	-0.01%
TNL	A	-0.01%
PRGO	C	-0.01%
QRTEA	F	-0.01%
AAL	B	-0.01%
JWN	D	-0.01%
HRB	D	-0.01%
XRAY	F	-0.01%
DK	C	-0.01%
HTZ	C	-0.01%
UNFI	A	-0.01%
CRI	F	-0.01%
CNX	A	-0.01%
CPRI	F	-0.01%