SPGM vs. HELO ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

$64.93

Average Daily Volume

59,737

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.55

Average Daily Volume

279,342

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	HELO
30 Days	0.11%	0.90%
60 Days	1.66%	3.36%
90 Days	2.59%	4.41%
12 Months	24.96%	20.70%

130 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in HELO	Overlap
AAPL	C	3.74%	6.83%	3.74%
ABBV	F	0.19%	1.14%	0.19%
ABBV	F	0.36%	1.14%	0.36%
ABT	B	0.34%	0.19%	0.19%
ACN	B	0.28%	0.21%	0.21%
ADBE	C	0.34%	0.18%	0.18%
ADI	D	0.16%	0.72%	0.16%
AMD	F	0.23%	0.45%	0.23%
AMZN	C	2.13%	4.5%	2.13%
ANET	C	0.07%	0.15%	0.07%
AON	A	0.08%	0.44%	0.08%
APTV	F	0.0%	0.1%	0.0%
AVGO	D	0.87%	1.02%	0.87%
AXP	A	0.36%	0.21%	0.21%
BAC	A	0.53%	1.26%	0.53%
BAX	F	0.05%	0.06%	0.05%
BIIB	F	0.07%	0.12%	0.07%
BKNG	A	0.31%	0.75%	0.31%
BKR	A	0.03%	0.24%	0.03%
BMY	B	0.14%	0.68%	0.14%
BRK.A	B	0.73%	1.53%	0.73%
BSX	A	0.14%	0.52%	0.14%
BURL	B	0.0%	0.24%	0.0%
C	A	0.26%	0.3%	0.26%
CARR	C	0.06%	0.46%	0.06%
CDNS	B	0.07%	0.17%	0.07%
CHD	A	0.07%	0.3%	0.07%
CHTR	C	0.1%	0.25%	0.1%
CI	D	0.08%	0.34%	0.08%
CMCSA	B	0.18%	0.71%	0.18%
CME	B	0.09%	0.59%	0.09%
CMG	B	0.11%	0.51%	0.11%
COP	C	0.18%	0.81%	0.18%
COST	A	0.56%	0.53%	0.53%
CRM	B	0.49%	1.15%	0.49%
CSX	C	0.19%	0.41%	0.19%
CTSH	B	0.13%	0.49%	0.13%
CVX	A	0.35%	0.18%	0.18%
DASH	B	0.03%	0.11%	0.03%
DE	B	0.18%	0.68%	0.18%
DHR	F	0.28%	0.44%	0.28%
DIS	B	0.3%	0.31%	0.3%
DLR	B	0.01%	0.39%	0.01%
DOW	F	0.06%	0.35%	0.06%
EL	F	0.04%	0.05%	0.04%
EOG	A	0.16%	0.47%	0.16%
EQIX	A	0.05%	0.07%	0.05%
EQT	B	0.0%	0.06%	0.0%
ETN	A	0.24%	0.38%	0.24%
EXPE	B	0.01%	0.29%	0.01%
FDX	B	0.18%	0.33%	0.18%
FICO	B	0.03%	0.12%	0.03%
FIS	C	0.01%	0.52%	0.01%
GOOG	C	1.1%	1.46%	1.1%
GOOGL	C	1.1%	2.09%	1.1%
GS	A	0.38%	0.75%	0.38%
HCA	F	0.02%	0.11%	0.02%
HON	C	0.22%	0.98%	0.22%
HPE	B	0.07%	0.18%	0.07%
INTU	B	0.38%	0.51%	0.38%
IR	B	0.13%	0.23%	0.13%
JNJ	C	0.39%	0.51%	0.39%
KKR	A	0.11%	0.2%	0.11%
KO	D	0.29%	0.63%	0.29%
KVUE	A	0.04%	0.26%	0.04%
LDOS	C	0.03%	0.39%	0.03%
LIN	C	0.32%	0.82%	0.32%
LLY	F	0.7%	1.07%	0.7%
LOW	C	0.31%	0.99%	0.31%
LRCX	F	0.06%	0.37%	0.06%
LULU	C	0.02%	0.13%	0.02%
LYB	F	0.07%	0.23%	0.07%
MA	B	0.43%	1.72%	0.43%
MCD	D	0.23%	0.81%	0.23%
MCK	A	0.25%	0.16%	0.16%
MDLZ	F	0.05%	0.72%	0.05%
MDT	D	0.23%	0.46%	0.23%
MET	A	0.2%	0.3%	0.2%
META	D	1.43%	2.9%	1.43%
MMC	B	0.17%	0.14%	0.14%
MO	A	0.09%	0.15%	0.09%
MRK	D	0.31%	0.24%	0.24%
MRVL	B	0.05%	0.06%	0.05%
MSFT	D	3.35%	7.13%	3.35%
MU	D	0.07%	0.57%	0.07%
NEE	C	0.25%	0.83%	0.25%
NOC	D	0.16%	0.17%	0.16%
NOW	A	0.16%	0.94%	0.16%
NUE	C	0.02%	0.11%	0.02%
NVDA	B	4.01%	7.8%	4.01%
NXPI	D	0.01%	0.72%	0.01%
ORCL	A	0.43%	0.36%	0.36%
OTIS	C	0.04%	0.5%	0.04%
PCG	A	0.0%	0.5%	0.0%
PEP	F	0.26%	0.83%	0.26%
PG	C	0.49%	0.14%	0.14%
PGR	A	0.17%	0.75%	0.17%
PLD	F	0.23%	0.5%	0.23%
PM	B	0.21%	0.32%	0.21%
RCL	A	0.04%	0.34%	0.04%
REGN	F	0.09%	0.45%	0.09%
ROST	D	0.17%	0.44%	0.17%
SCHW	B	0.18%	0.42%	0.18%
SO	C	0.07%	0.84%	0.07%
SQ	A	0.01%	0.14%	0.01%
SQ	A	0.03%	0.14%	0.03%
SRPT	F	0.01%	0.03%	0.01%
STX	C	0.06%	0.41%	0.06%
SYK	B	0.2%	0.76%	0.2%
T	A	0.21%	0.18%	0.18%
TDG	D	0.01%	0.52%	0.01%
TGT	F	0.12%	0.14%	0.12%
TMO	F	0.38%	0.89%	0.38%
TMUS	B	0.07%	0.17%	0.07%
TRV	B	0.21%	0.34%	0.21%
TSLA	B	1.01%	1.58%	1.01%
TT	A	0.19%	0.96%	0.19%
TXN	C	0.37%	0.87%	0.37%
UBER	F	0.13%	0.58%	0.13%
UNH	B	0.68%	1.62%	0.68%
UNP	C	0.26%	0.17%	0.17%
UPS	C	0.11%	0.54%	0.11%
URI	C	0.02%	0.13%	0.02%
USB	A	0.12%	0.33%	0.12%
V	A	0.7%	1.49%	0.7%
VRTX	D	0.07%	0.6%	0.07%
WDC	D	0.06%	0.18%	0.06%
WFC	A	0.44%	1.0%	0.44%
XOM	B	0.68%	1.43%	0.68%
YUM	D	0.11%	0.5%	0.11%

SPGM Overweight 873 Positions Relative to HELO

Symbol	Grade	Weight
TSM	B	0.99%
JPM	A	0.95%
HD	B	0.57%
WMT	A	0.41%
NFLX	A	0.37%
CSCO	B	0.36%
TJX	A	0.35%
RTX	D	0.33%
MS	A	0.32%
CAT	B	0.3%
QCOM	F	0.27%
CB	C	0.27%
IBM	C	0.27%
AFL	B	0.26%
CMI	A	0.26%
TM	F	0.26%
LMT	D	0.25%
SPGI	C	0.24%
AMAT	F	0.24%
ADP	A	0.23%
SONY	B	0.22%
ORLY	B	0.22%
NVS	F	0.22%
PSA	C	0.22%
WM	B	0.22%
GD	D	0.22%
EMR	B	0.21%
AMGN	F	0.21%
BABA	D	0.2%
A	D	0.2%
SBUX	A	0.2%
DFS	B	0.2%
GILD	C	0.19%
HSBH	B	0.19%
BK	A	0.19%
ISRG	A	0.18%
JCI	B	0.18%
NKE	F	0.18%
MPC	D	0.17%
NSC	B	0.17%
MUFG	B	0.17%
PNC	B	0.17%
ELV	F	0.17%
IBN	C	0.17%
PH	A	0.17%
PFE	F	0.17%
PRU	A	0.16%
AEP	C	0.16%
INFY	C	0.16%
AMT	C	0.16%
ALL	A	0.16%
BDX	F	0.16%
UL	D	0.16%
GLW	B	0.15%
PEG	A	0.15%
SPG	A	0.15%
PYPL	B	0.15%
COF	C	0.15%
ITW	B	0.14%
VZ	C	0.14%
ECL	D	0.14%
INTC	C	0.14%
GE	D	0.14%
SHOP	B	0.14%
CVS	D	0.13%
PLTR	B	0.13%
CL	D	0.13%
CNI	F	0.13%
FAST	B	0.13%
MTB	A	0.13%
RDY	F	0.12%
ROIC	A	0.12%
EIX	B	0.12%
HES	B	0.12%
KEYS	A	0.12%
SYY	D	0.12%
CEG	C	0.12%
CLX	A	0.12%
MKC	C	0.11%
KMB	C	0.11%
PANW	B	0.11%
HPQ	B	0.11%
TD	D	0.11%
VLO	C	0.11%
HSY	F	0.11%
NTAP	C	0.1%
MELI	C	0.1%
DUK	C	0.1%
ICE	C	0.1%
EBAY	D	0.1%
MMM	D	0.1%
BA	F	0.1%
CRWD	B	0.09%
CHRW	B	0.09%
UMH	B	0.09%
BLK	B	0.09%
ZTS	D	0.09%
GM	C	0.09%
AZN	F	0.08%
STT	B	0.08%
DD	C	0.08%
PDD	F	0.08%
SMFG	B	0.08%
ADM	D	0.08%
APD	A	0.08%
TSN	B	0.08%
CHT	C	0.08%
PPL	A	0.08%
WMB	A	0.08%
BCS	A	0.07%
K	A	0.07%
DEO	F	0.07%
VRT	B	0.07%
GEV	B	0.07%
MFG	A	0.07%
FE	C	0.07%
SJM	D	0.07%
NXRT	B	0.07%
MRO	B	0.07%
TCOM	B	0.07%
F	C	0.07%
SLB	C	0.07%
CTVA	C	0.07%
DEA	D	0.06%
UMC	F	0.06%
AXON	A	0.06%
SYF	B	0.06%
COIN	C	0.06%
JNPR	D	0.06%
EQR	C	0.06%
FTV	C	0.06%
APP	B	0.06%
BX	A	0.06%
WIT	B	0.06%
VALE	F	0.06%
EXC	C	0.06%
HDB	C	0.06%
STLA	F	0.05%
DOC	C	0.05%
FI	A	0.05%
ITUB	F	0.05%
OXY	D	0.05%
HAL	C	0.05%
NMR	B	0.05%
MOD	A	0.05%
GOOD	B	0.05%
BEN	C	0.05%
MSTR	B	0.05%
LYG	D	0.05%
E	F	0.05%
GIS	D	0.05%
TTD	B	0.05%
PSX	C	0.05%
FOXA	A	0.05%
AA	A	0.04%
ALLE	C	0.04%
YUMC	C	0.04%
KB	B	0.04%
DLTR	F	0.04%
LVS	B	0.04%
FCX	F	0.04%
KLAC	F	0.04%
LW	C	0.04%
SE	A	0.04%
SNPS	B	0.04%
VLTO	C	0.04%
ABNB	C	0.04%
CAG	F	0.04%
PKX	D	0.04%
TPR	B	0.04%
HMC	F	0.03%
LNTH	D	0.03%
ITCI	C	0.03%
LNW	F	0.03%
FTI	A	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%
FTNT	C	0.03%
PBR	D	0.03%
NET	B	0.03%
TBBK	B	0.03%
CVNA	B	0.03%
BRSP	C	0.03%
KMI	A	0.03%
DX	B	0.03%
SHW	B	0.03%
NEM	D	0.03%
SNOW	B	0.03%
VERX	A	0.02%
TGTX	B	0.02%
FSLR	F	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%
MCO	B	0.02%
DXCM	C	0.02%
AZEK	A	0.02%
PARA	C	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%
MOS	F	0.02%
CCL	A	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%
IFF	D	0.02%
RKLB	A	0.02%
CHX	C	0.02%
CF	A	0.02%
HOV	D	0.02%
WBD	B	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
GEHC	D	0.02%
CFG	B	0.02%
DELL	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%
CYH	F	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%
ODFL	C	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%
M	F	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%
DXC	B	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%
NOV	C	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%
BTU	B	0.01%
COHR	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%
PNR	A	0.01%
VICR	C	0.01%
HASI	D	0.01%
CLNE	F	0.01%
AES	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%
ALGN	D	0.01%
GNRC	C	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%
CZR	F	0.01%
RCUS	F	0.01%
FBK	C	0.01%
KD	B	0.01%
BBWI	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%
ADSK	A	0.01%
VSTO	A	0.01%
LUMN	C	0.01%
THR	B	0.01%
CPRX	C	0.01%
TFIN	B	0.01%
MDGL	B	0.01%
APA	D	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%
PBF	D	0.01%
Z	A	0.01%
RIVN	F	0.01%
ALB	B	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%
CNH	C	0.01%
KOS	D	0.01%
KSS	F	0.01%
ERJ	A	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	C	0.01%
XPEV	C	0.01%
NWSA	A	0.01%
KEX	B	0.01%
EPAM	B	0.01%
ILMN	C	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%
ON	D	0.01%
COMP	B	0.01%
DDD	C	0.01%
VTRS	A	0.01%
APH	A	0.01%
EPRT	B	0.01%
SOLV	D	0.01%
MRNA	F	0.01%
MATX	C	0.01%
TAL	F	0.01%
GRBK	D	0.01%
TEVA	C	0.01%
IMXI	B	0.01%
PLAY	D	0.01%
WBA	F	0.01%
PINS	F	0.01%
DVN	F	0.01%
BLDR	D	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%
ALLY	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%
DAN	D	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%
OVV	B	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%
HOG	D	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%
LILAK	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%
CAR	C	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%
THO	B	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%
SM	B	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%
CLF	F	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%
DHI	F	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%
PENN	C	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%
CNC	D	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%
AR	B	0.0%
METC	C	0.0%
ADNT	F	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%
KHC	F	0.0%
QNST	B	0.0%
ERAS	C	0.0%
GXO	B	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%
HST	C	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%
KIM	A	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%
TTWO	A	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%
CC	C	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%
REZI	A	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%
OGN	F	0.0%
NPAB	F	0.0%
QS	F	0.0%
WRLD	C	0.0%
CHPT	F	0.0%
NVT	B	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%
AMG	B	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%
IDXX	F	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%
GPN	B	0.0%
HEES	C	0.0%
REG	A	0.0%
WEAV	C	0.0%
XMTR	B	0.0%
EA	A	0.0%
CMPR	D	0.0%

SPGM Underweight 33 Positions Relative to HELO

Symbol	Grade	Weight
AZO	C	-0.65%
HWM	A	-0.62%
TFC	A	-0.56%
FITB	B	-0.48%
CPAY	A	-0.47%
VTR	B	-0.39%
HLT	A	-0.36%
MNST	C	-0.32%
SBAC	D	-0.31%
FANG	C	-0.31%
TXT	D	-0.29%
WELL	A	-0.27%
DAL	B	-0.23%
MAS	D	-0.23%
PPG	F	-0.21%
BBY	D	-0.2%
AMP	A	-0.2%
ELS	C	-0.19%
PCAR	B	-0.18%
MSI	B	-0.17%
MLM	C	-0.16%
HUM	C	-0.16%
LEN	D	-0.14%
PFG	D	-0.13%
VST	A	-0.1%
CMS	C	-0.1%
WMG	D	-0.1%
NBIX	C	-0.08%
SIRI	C	-0.07%
AME	A	-0.06%
NRG	B	-0.04%
BMRN	F	-0.03%
LKQ	F	-0.02%