SPGM vs. JPUS ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to JPMorgan Diversified Return U.S. Equity ETF (JPUS)

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

$65.12

Average Daily Volume

57,969

Number of Holdings ^*

1003

* may have additional holdings in another (foreign) market

JPUS

JPMorgan Diversified Return U.S. Equity ETF

JPUS Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 1000 Diversified Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser. Holdings in the underlying index are selected by the index provider primarily from the constituents of the Russell 1000 Index, a larger Russell index, which is comprised of large- and mid-cap equity securities in the United States.

Grade (RS Rating)

Last Trade

$122.50

Average Daily Volume

6,905

Number of Holdings ^*

355

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	JPUS
30 Days	1.43%	2.72%
60 Days	1.86%	2.86%
90 Days	3.02%	5.12%
12 Months	25.48%	27.89%

160 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in JPUS	Overlap
AAPL	C	3.74%	0.36%	0.36%
ABBV	D	0.19%	0.33%	0.19%
ABBV	D	0.36%	0.33%	0.33%
ABT	B	0.34%	0.31%	0.31%
ACN	C	0.28%	0.32%	0.28%
ADBE	C	0.34%	0.05%	0.05%
ADI	D	0.16%	0.35%	0.16%
ADM	D	0.08%	0.34%	0.08%
AEP	D	0.16%	0.31%	0.16%
AFL	B	0.26%	0.38%	0.26%
ALLY	C	0.01%	0.24%	0.01%
AMAT	F	0.24%	0.31%	0.24%
AMGN	D	0.21%	0.35%	0.21%
ANET	C	0.07%	0.47%	0.07%
APH	A	0.01%	0.42%	0.01%
AVGO	D	0.87%	0.38%	0.38%
BAC	A	0.53%	0.31%	0.31%
BDX	F	0.16%	0.19%	0.16%
BKNG	A	0.31%	0.18%	0.18%
BLDR	D	0.01%	0.34%	0.01%
BMY	B	0.14%	0.25%	0.14%
BRBR	A	0.0%	0.24%	0.0%
BRK.A	B	0.73%	0.39%	0.39%
CAG	D	0.04%	0.32%	0.04%
CARR	D	0.06%	0.09%	0.06%
CAT	B	0.3%	0.28%	0.28%
CB	C	0.27%	0.27%	0.27%
CDNS	B	0.07%	0.33%	0.07%
CEG	D	0.12%	0.42%	0.12%
CF	B	0.02%	0.32%	0.02%
CFG	B	0.02%	0.07%	0.02%
CHD	B	0.07%	0.34%	0.07%
CHTR	C	0.1%	0.4%	0.1%
CI	F	0.08%	0.35%	0.08%
CL	D	0.13%	0.32%	0.13%
CLF	F	0.0%	0.18%	0.0%
CLX	B	0.12%	0.35%	0.12%
CMCSA	B	0.18%	0.42%	0.18%
CMI	A	0.26%	0.42%	0.26%
COF	B	0.15%	0.45%	0.15%
COP	C	0.18%	0.28%	0.18%
CSCO	B	0.36%	0.41%	0.36%
CSX	B	0.19%	0.13%	0.13%
CTSH	B	0.13%	0.37%	0.13%
CTVA	C	0.07%	0.3%	0.07%
CVS	D	0.13%	0.36%	0.13%
CVX	A	0.35%	0.35%	0.35%
DFS	B	0.2%	0.13%	0.13%
DHI	D	0.0%	0.33%	0.0%
DHR	F	0.28%	0.27%	0.27%
DOW	F	0.06%	0.26%	0.06%
DUK	C	0.1%	0.36%	0.1%
DVN	F	0.01%	0.1%	0.01%
EA	A	0.0%	0.19%	0.0%
ECL	D	0.14%	0.29%	0.14%
EIX	B	0.12%	0.36%	0.12%
ELV	F	0.17%	0.26%	0.17%
EOG	A	0.16%	0.32%	0.16%
EQR	B	0.06%	0.2%	0.06%
ETN	A	0.24%	0.43%	0.24%
EXC	C	0.06%	0.31%	0.06%
F	C	0.07%	0.19%	0.07%
FAST	B	0.13%	0.39%	0.13%
FCX	D	0.04%	0.25%	0.04%
FE	C	0.07%	0.34%	0.07%
GD	F	0.22%	0.36%	0.22%
GEHC	F	0.02%	0.22%	0.02%
GILD	C	0.19%	0.35%	0.19%
GIS	D	0.05%	0.33%	0.05%
GOOGL	C	1.1%	0.11%	0.11%
HCA	F	0.02%	0.34%	0.02%
HOG	D	0.0%	0.03%	0.0%
HPE	B	0.07%	0.3%	0.07%
HST	C	0.0%	0.4%	0.0%
HSY	F	0.11%	0.26%	0.11%
IBM	C	0.27%	0.3%	0.27%
IFF	D	0.02%	0.21%	0.02%
INTU	C	0.38%	0.36%	0.36%
ITW	B	0.14%	0.34%	0.14%
JNPR	F	0.06%	0.38%	0.06%
K	A	0.07%	0.38%	0.07%
KHC	F	0.0%	0.34%	0.0%
KIM	A	0.0%	0.33%	0.0%
KLAC	D	0.04%	0.32%	0.04%
KMB	D	0.11%	0.34%	0.11%
KMI	A	0.03%	0.48%	0.03%
KO	D	0.29%	0.33%	0.29%
KSS	F	0.01%	0.01%	0.01%
KVUE	A	0.04%	0.39%	0.04%
LDOS	C	0.03%	0.22%	0.03%
LIN	D	0.32%	0.28%	0.28%
LLY	F	0.7%	0.33%	0.33%
LMT	D	0.25%	0.36%	0.25%
LOW	D	0.31%	0.37%	0.31%
LRCX	F	0.06%	0.26%	0.06%
LYB	F	0.07%	0.31%	0.07%
M	D	0.01%	0.18%	0.01%
MCK	B	0.25%	0.46%	0.25%
MDLZ	F	0.05%	0.33%	0.05%
MDT	D	0.23%	0.23%	0.23%
META	D	1.43%	0.42%	0.42%
MMC	B	0.17%	0.05%	0.05%
MO	A	0.09%	0.39%	0.09%
MOS	F	0.02%	0.17%	0.02%
MPC	D	0.17%	0.36%	0.17%
MRK	F	0.31%	0.26%	0.26%
MRO	B	0.07%	0.37%	0.07%
MSFT	F	3.35%	0.35%	0.35%
NEM	D	0.03%	0.18%	0.03%
NKE	D	0.18%	0.06%	0.06%
NTAP	C	0.1%	0.31%	0.1%
NUE	C	0.02%	0.3%	0.02%
NVDA	C	4.01%	0.45%	0.45%
ORCL	B	0.43%	0.41%	0.41%
ORLY	B	0.22%	0.37%	0.22%
OXY	D	0.05%	0.1%	0.05%
PEG	A	0.15%	0.41%	0.15%
PEP	F	0.26%	0.34%	0.26%
PG	A	0.49%	0.36%	0.36%
PGR	A	0.17%	0.39%	0.17%
PH	A	0.17%	0.39%	0.17%
PLD	D	0.23%	0.01%	0.01%
PM	B	0.21%	0.39%	0.21%
PPL	B	0.08%	0.39%	0.08%
PRU	A	0.16%	0.1%	0.1%
PSA	D	0.22%	0.34%	0.22%
PSX	C	0.05%	0.35%	0.05%
QCOM	F	0.27%	0.3%	0.27%
REG	B	0.0%	0.38%	0.0%
REGN	F	0.09%	0.26%	0.09%
ROKU	D	0.01%	0.0%	0.0%
ROST	C	0.17%	0.23%	0.17%
RRC	B	0.0%	0.05%	0.0%
SAM	C	0.0%	0.24%	0.0%
SCCO	F	0.01%	0.36%	0.01%
SJM	D	0.07%	0.21%	0.07%
SO	D	0.07%	0.37%	0.07%
SPG	B	0.15%	0.41%	0.15%
STT	A	0.08%	0.13%	0.08%
SYF	B	0.06%	0.52%	0.06%
SYK	C	0.2%	0.28%	0.2%
SYY	B	0.12%	0.36%	0.12%
T	A	0.21%	0.4%	0.21%
TGT	F	0.12%	0.24%	0.12%
TJX	A	0.35%	0.34%	0.34%
TMO	F	0.38%	0.15%	0.15%
TMUS	B	0.07%	0.47%	0.07%
TSN	B	0.08%	0.37%	0.08%
UNH	C	0.68%	0.34%	0.34%
UNP	C	0.26%	0.27%	0.26%
USB	A	0.12%	0.11%	0.11%
VLO	C	0.11%	0.4%	0.11%
VLTO	D	0.04%	0.04%	0.04%
VRTX	F	0.07%	0.37%	0.07%
VTRS	A	0.01%	0.23%	0.01%
VZ	C	0.14%	0.38%	0.14%
WM	A	0.22%	0.41%	0.22%
WMB	A	0.08%	0.41%	0.08%
XOM	B	0.68%	0.41%	0.41%
ZTS	D	0.09%	0.27%	0.09%

SPGM Overweight 843 Positions Relative to JPUS

Symbol	Grade	Weight
AMZN	C	2.13%
GOOG	C	1.1%
TSLA	B	1.01%
TSM	B	0.99%
JPM	A	0.95%
V	A	0.7%
HD	A	0.57%
COST	B	0.56%
CRM	B	0.49%
WFC	A	0.44%
MA	C	0.43%
WMT	A	0.41%
JNJ	D	0.39%
GS	A	0.38%
TXN	C	0.37%
NFLX	A	0.37%
AXP	A	0.36%
RTX	C	0.33%
MS	A	0.32%
DIS	B	0.3%
C	A	0.26%
TM	D	0.26%
NEE	D	0.25%
SPGI	C	0.24%
MCD	D	0.23%
AMD	F	0.23%
ADP	B	0.23%
SONY	B	0.22%
HON	B	0.22%
NVS	D	0.22%
EMR	A	0.21%
TRV	B	0.21%
BABA	D	0.2%
A	D	0.2%
SBUX	A	0.2%
MET	A	0.2%
TT	A	0.19%
HSBH	B	0.19%
BK	A	0.19%
SCHW	B	0.18%
ISRG	A	0.18%
FDX	B	0.18%
JCI	C	0.18%
DE	A	0.18%
NSC	B	0.17%
MUFG	B	0.17%
PNC	B	0.17%
IBN	C	0.17%
PFE	D	0.17%
NOW	A	0.16%
INFY	B	0.16%
AMT	D	0.16%
ALL	A	0.16%
NOC	D	0.16%
UL	D	0.16%
GLW	B	0.15%
PYPL	B	0.15%
INTC	D	0.14%
BSX	B	0.14%
GE	D	0.14%
SHOP	B	0.14%
PLTR	B	0.13%
IR	B	0.13%
UBER	D	0.13%
CNI	D	0.13%
MTB	A	0.13%
RDY	F	0.12%
ROIC	A	0.12%
HES	B	0.12%
KEYS	A	0.12%
CMG	B	0.11%
MKC	D	0.11%
KKR	A	0.11%
YUM	B	0.11%
UPS	C	0.11%
PANW	C	0.11%
HPQ	B	0.11%
TD	F	0.11%
MELI	D	0.1%
ICE	C	0.1%
EBAY	D	0.1%
MMM	D	0.1%
BA	F	0.1%
CRWD	B	0.09%
CHRW	C	0.09%
UMH	C	0.09%
CME	A	0.09%
BLK	C	0.09%
GM	B	0.09%
AZN	D	0.08%
DD	D	0.08%
PDD	F	0.08%
AON	A	0.08%
SMFG	B	0.08%
APD	A	0.08%
CHT	D	0.08%
BCS	C	0.07%
DEO	F	0.07%
MU	D	0.07%
VRT	B	0.07%
GEV	B	0.07%
MFG	B	0.07%
BIIB	F	0.07%
NXRT	B	0.07%
TCOM	B	0.07%
SLB	C	0.07%
DEA	D	0.06%
UMC	F	0.06%
AXON	A	0.06%
COIN	C	0.06%
FTV	C	0.06%
APP	B	0.06%
BX	A	0.06%
WIT	A	0.06%
STX	D	0.06%
VALE	F	0.06%
WDC	D	0.06%
HDB	C	0.06%
EQIX	A	0.05%
STLA	F	0.05%
DOC	D	0.05%
FI	A	0.05%
ITUB	F	0.05%
HAL	C	0.05%
NMR	B	0.05%
MOD	A	0.05%
GOOD	B	0.05%
BEN	C	0.05%
MSTR	C	0.05%
BAX	D	0.05%
LYG	F	0.05%
E	F	0.05%
MRVL	B	0.05%
TTD	B	0.05%
FOXA	B	0.05%
RCL	A	0.04%
AA	B	0.04%
ALLE	D	0.04%
YUMC	C	0.04%
KB	B	0.04%
DLTR	F	0.04%
LVS	C	0.04%
OTIS	C	0.04%
LW	C	0.04%
SE	B	0.04%
SNPS	B	0.04%
ABNB	C	0.04%
EL	F	0.04%
PKX	F	0.04%
TPR	B	0.04%
HMC	F	0.03%
LNTH	D	0.03%
FICO	B	0.03%
ITCI	C	0.03%
LNW	D	0.03%
FTI	A	0.03%
AXNX	C	0.03%
DDOG	A	0.03%
QTWO	A	0.03%
WTTR	B	0.03%
NU	C	0.03%
TAC	B	0.03%
BKR	B	0.03%
BIDU	F	0.03%
TEAM	A	0.03%
BBD	D	0.03%
FTNT	C	0.03%
PBR	C	0.03%
NET	B	0.03%
TBBK	B	0.03%
SQ	B	0.03%
CVNA	B	0.03%
BRSP	B	0.03%
DX	B	0.03%
SHW	A	0.03%
SNOW	C	0.03%
DASH	A	0.03%
VERX	B	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	D	0.02%
AZEK	A	0.02%
PARA	C	0.02%
IIPR	D	0.02%
AFRM	B	0.02%
GOLD	D	0.02%
ABEV	F	0.02%
SKY	A	0.02%
AHH	D	0.02%
RBLX	C	0.02%
CHCT	C	0.02%
TTGT	C	0.02%
CCL	B	0.02%
ZM	B	0.02%
TMDX	F	0.02%
LULU	C	0.02%
URI	B	0.02%
MPWR	F	0.02%
DKNG	B	0.02%
MDB	C	0.02%
ZS	C	0.02%
HUBS	A	0.02%
RKLB	B	0.02%
CHX	C	0.02%
HOV	D	0.02%
WBD	C	0.02%
LI	F	0.02%
BABA	D	0.02%
ADMA	B	0.02%
DELL	C	0.02%
SHG	D	0.02%
MT	B	0.02%
WDAY	B	0.02%
HIMS	B	0.02%
MITK	C	0.01%
DT	C	0.01%
AI	B	0.01%
LASR	D	0.01%
KYMR	D	0.01%
CYH	F	0.01%
BOOT	D	0.01%
BLFS	C	0.01%
PRTA	F	0.01%
ACMR	F	0.01%
PACB	F	0.01%
CTLP	B	0.01%
BLBD	D	0.01%
ODFL	B	0.01%
SMR	B	0.01%
NR	B	0.01%
ZLAB	C	0.01%
CCO	C	0.01%
FRO	F	0.01%
PGC	C	0.01%
LC	A	0.01%
FLYW	C	0.01%
PCT	C	0.01%
BASE	C	0.01%
ALKT	B	0.01%
GDYN	B	0.01%
KOP	C	0.01%
EXPI	C	0.01%
WSR	A	0.01%
GATO	D	0.01%
DXC	B	0.01%
OMI	F	0.01%
BCRX	D	0.01%
LAZR	F	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	A	0.01%
BTU	B	0.01%
COHR	B	0.01%
U	C	0.01%
ITRI	B	0.01%
PCH	D	0.01%
RLX	C	0.01%
AUPH	B	0.01%
GTLB	B	0.01%
CROX	D	0.01%
COLL	F	0.01%
SMAR	A	0.01%
VMEO	B	0.01%
PNR	A	0.01%
SRPT	D	0.01%
VICR	B	0.01%
HASI	D	0.01%
CLNE	D	0.01%
AES	F	0.01%
ALEX	C	0.01%
NXPI	D	0.01%
PHR	F	0.01%
CIFR	B	0.01%
DLR	B	0.01%
RDFN	D	0.01%
BGNE	D	0.01%
YETI	C	0.01%
ALGN	D	0.01%
GNRC	B	0.01%
ZETA	D	0.01%
PNTG	D	0.01%
AGNC	D	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	B	0.01%
KD	B	0.01%
BBWI	D	0.01%
DOCS	C	0.01%
AUR	C	0.01%
BILL	A	0.01%
SEMR	B	0.01%
RIOT	C	0.01%
CCB	A	0.01%
LWLG	F	0.01%
SID	F	0.01%
TWST	D	0.01%
USLM	A	0.01%
PTCT	B	0.01%
MCB	B	0.01%
RNA	D	0.01%
ULH	B	0.01%
LIND	C	0.01%
AMSC	B	0.01%
MCRI	A	0.01%
TGI	B	0.01%
MGNI	A	0.01%
INMD	C	0.01%
PEN	B	0.01%
OSW	A	0.01%
LOB	B	0.01%
MBIN	D	0.01%
BZH	B	0.01%
DH	D	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	A	0.01%
OKTA	C	0.01%
SDGR	C	0.01%
ARWR	F	0.01%
TREE	F	0.01%
AKO.A	F	0.01%
GERN	D	0.01%
ENS	D	0.01%
ADSK	A	0.01%
VSTO	A	0.01%
LUMN	C	0.01%
THR	B	0.01%
CPRX	C	0.01%
TFIN	A	0.01%
MDGL	B	0.01%
APA	D	0.01%
AAOI	B	0.01%
TME	D	0.01%
FOUR	B	0.01%
CLDT	B	0.01%
MRC	B	0.01%
PBF	D	0.01%
Z	A	0.01%
RIVN	F	0.01%
ALB	C	0.01%
CLBT	B	0.01%
NBR	C	0.01%
CLSK	C	0.01%
NIO	F	0.01%
SMCI	F	0.01%
TTI	C	0.01%
CENX	B	0.01%
AKRO	B	0.01%
INTA	A	0.01%
FLNG	B	0.01%
MARA	C	0.01%
GMS	B	0.01%
HSTM	B	0.01%
RDNT	B	0.01%
DOCU	A	0.01%
BHF	B	0.01%
LBRDK	C	0.01%
AAON	B	0.01%
FIS	C	0.01%
EXPE	B	0.01%
SQ	B	0.01%
TDOC	C	0.01%
GME	C	0.01%
RVLV	B	0.01%
PAY	B	0.01%
SNAP	C	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	F	0.01%
ERJ	B	0.01%
BEKE	D	0.01%
DVAX	C	0.01%
VNT	B	0.01%
XPEV	C	0.01%
NWSA	B	0.01%
KEX	C	0.01%
EPAM	C	0.01%
ILMN	D	0.01%
ORA	B	0.01%
INSP	D	0.01%
GMRE	F	0.01%
TWLO	A	0.01%
PTON	B	0.01%
VIPS	F	0.01%
ON	D	0.01%
COMP	B	0.01%
DDD	C	0.01%
EPRT	B	0.01%
SOLV	C	0.01%
MRNA	F	0.01%
MATX	C	0.01%
TAL	F	0.01%
GRBK	D	0.01%
TEVA	D	0.01%
IMXI	B	0.01%
PLAY	D	0.01%
WBA	F	0.01%
PINS	D	0.01%
RYTM	C	0.01%
TDG	D	0.01%
DYN	F	0.01%
SRRK	B	0.01%
MTDR	B	0.01%
SOFI	A	0.01%
POWL	C	0.01%
PLMR	B	0.01%
KRYS	B	0.0%
LI	F	0.0%
AGL	F	0.0%
XPEV	C	0.0%
SCLX	F	0.0%
SMWB	B	0.0%
JAMF	F	0.0%
OEC	C	0.0%
MP	B	0.0%
JOBY	B	0.0%
CRCT	F	0.0%
TH	C	0.0%
WOLF	F	0.0%
FLWS	F	0.0%
BMBL	C	0.0%
DAN	D	0.0%
CGEM	F	0.0%
MLCO	F	0.0%
SEDG	F	0.0%
ASTH	D	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	D	0.0%
PKST	D	0.0%
OVV	B	0.0%
KE	C	0.0%
LGIH	D	0.0%
MLNK	B	0.0%
FLGT	F	0.0%
FIGS	F	0.0%
ITOS	F	0.0%
LSCC	D	0.0%
OLPX	D	0.0%
APTV	D	0.0%
MXL	C	0.0%
GRPN	F	0.0%
SNCY	C	0.0%
MNSO	F	0.0%
VRE	B	0.0%
PRVA	B	0.0%
FNA	C	0.0%
MAX	F	0.0%
EYE	C	0.0%
RENB	F	0.0%
ORLA	C	0.0%
PUMP	B	0.0%
TPB	B	0.0%
PD	C	0.0%
KRNT	C	0.0%
RGNX	F	0.0%
SVC	F	0.0%
CHRD	D	0.0%
REPL	B	0.0%
VIR	D	0.0%
PARR	D	0.0%
NABL	F	0.0%
CEVA	B	0.0%
LYEL	F	0.0%
BVN	F	0.0%
CTKB	C	0.0%
FSBC	B	0.0%
CRSR	C	0.0%
SGRY	F	0.0%
OLO	B	0.0%
OLMA	F	0.0%
TMCI	D	0.0%
HUMA	F	0.0%
PFC	A	0.0%
GOGO	C	0.0%
COTY	F	0.0%
MBAVU	D	0.0%
ICHR	C	0.0%
IRTC	D	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	D	0.0%
ETNB	C	0.0%
KRUS	B	0.0%
RIG	D	0.0%
LILAK	D	0.0%
SAVA	D	0.0%
CECO	A	0.0%
HAE	C	0.0%
LPRO	C	0.0%
CALX	D	0.0%
SHLS	F	0.0%
XPOF	C	0.0%
CXM	C	0.0%
APPN	B	0.0%
THRM	D	0.0%
CAR	C	0.0%
GDS	C	0.0%
PDFS	C	0.0%
QFIN	B	0.0%
QTRX	F	0.0%
AOSL	C	0.0%
NMIH	D	0.0%
AMRC	F	0.0%
ESTA	D	0.0%
SHC	F	0.0%
XPRO	F	0.0%
THO	B	0.0%
XHR	B	0.0%
DJT	C	0.0%
DBI	F	0.0%
RXST	F	0.0%
FBRT	C	0.0%
NCNO	B	0.0%
ATRO	D	0.0%
MQ	F	0.0%
SM	B	0.0%
PUBM	C	0.0%
DNOW	B	0.0%
ADUS	D	0.0%
ATEC	C	0.0%
LESL	C	0.0%
HURN	B	0.0%
BROS	B	0.0%
ENIC	D	0.0%
CEIX	A	0.0%
NVRI	F	0.0%
MDXG	B	0.0%
UCTT	D	0.0%
CUBI	C	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	B	0.0%
IOVA	F	0.0%
DGII	B	0.0%
GKOS	B	0.0%
UVV	B	0.0%
HAYN	C	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	F	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	C	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	B	0.0%
KRNY	B	0.0%
MEG	F	0.0%
SIGA	F	0.0%
TNDM	F	0.0%
DHC	F	0.0%
ATHM	D	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%
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	C	0.0%
SITM	B	0.0%
UWMC	D	0.0%
AR	B	0.0%
METC	C	0.0%
ADNT	F	0.0%
BIGC	C	0.0%
EWCZ	F	0.0%
EYPT	F	0.0%
WGO	C	0.0%
FC	F	0.0%
GNK	D	0.0%
SOUN	C	0.0%
PHAT	F	0.0%
ARRY	C	0.0%
LMND	B	0.0%
OSPN	A	0.0%
SNDX	F	0.0%
BEAM	D	0.0%
BHB	B	0.0%
ENVA	B	0.0%
FIVN	C	0.0%
NVAX	F	0.0%
CFLT	B	0.0%
HRI	B	0.0%
MTW	C	0.0%
AMC	C	0.0%
CRMT	C	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	B	0.0%
EGBN	B	0.0%
APPF	B	0.0%
ARCT	F	0.0%
HUYA	F	0.0%
MOMO	D	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	C	0.0%
FATE	F	0.0%
ATUS	C	0.0%
BXC	B	0.0%
QNST	B	0.0%
ERAS	C	0.0%
GXO	B	0.0%
NTRA	B	0.0%
GRAB	B	0.0%
PODD	C	0.0%
IQ	F	0.0%
ALEC	F	0.0%
RCKT	F	0.0%
BRZE	C	0.0%
AX	A	0.0%
VSCO	B	0.0%
DIN	C	0.0%
FUBO	F	0.0%
AXSM	B	0.0%
BURL	A	0.0%
TUYA	F	0.0%
RXRX	F	0.0%
VPG	D	0.0%
ETSY	D	0.0%
CCBG	B	0.0%
LMB	A	0.0%
ATKR	C	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	D	0.0%
VRNS	D	0.0%
ARVN	D	0.0%
YEXT	A	0.0%
ELF	C	0.0%
UEC	B	0.0%
NSSC	D	0.0%
TRUP	B	0.0%
NUVL	D	0.0%
ASPN	F	0.0%
NUVB	C	0.0%
SPT	C	0.0%
DUOL	A	0.0%
PCG	A	0.0%
VITL	D	0.0%
DCO	C	0.0%
KLG	C	0.0%
IIIN	C	0.0%
RLAY	F	0.0%
DOCN	D	0.0%
JELD	F	0.0%
PLPC	B	0.0%
CSGP	D	0.0%
SPR	D	0.0%
TTWO	A	0.0%
CASS	B	0.0%
RGEN	D	0.0%
VRDN	D	0.0%
ALLO	F	0.0%
RNG	B	0.0%
JBI	F	0.0%
SITE	D	0.0%
ENFN	A	0.0%
IBUY	A	0.0%
LSPD	C	0.0%
ANF	C	0.0%
RLJ	C	0.0%
PRG	C	0.0%
PTGX	C	0.0%
RUN	F	0.0%
ACVA	B	0.0%
HCP	B	0.0%
WRBY	B	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	A	0.0%
PATH	C	0.0%
DMRC	C	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	C	0.0%
OGN	D	0.0%
NPAB	B	0.0%
QS	F	0.0%
WRLD	C	0.0%
CHPT	F	0.0%
NVT	B	0.0%
EVRI	A	0.0%
EQT	B	0.0%
APLD	A	0.0%
DRH	B	0.0%
KREF	D	0.0%
LYFT	C	0.0%
EXTR	B	0.0%
ROIV	C	0.0%
PAYO	A	0.0%
BLND	B	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	D	0.0%
NEO	C	0.0%
ASAN	C	0.0%
FLNC	C	0.0%
PAR	B	0.0%
BJRI	B	0.0%
REPX	A	0.0%
NRIX	D	0.0%
LEGH	D	0.0%
PRCT	B	0.0%
CARS	B	0.0%
TIGR	D	0.0%
IDXX	F	0.0%
AMR	C	0.0%
WIX	B	0.0%
ELAN	D	0.0%
SONO	C	0.0%
CDE	D	0.0%
SQM	F	0.0%
W	F	0.0%
MNMD	C	0.0%
VERV	F	0.0%
GPN	B	0.0%
HEES	B	0.0%
WEAV	B	0.0%
XMTR	C	0.0%
CMPR	D	0.0%

SPGM Underweight 196 Positions Relative to JPUS

Symbol	Grade	Weight
VST	B	-0.64%
CIEN	B	-0.52%
UNM	A	-0.51%
TRGP	B	-0.5%
NRG	B	-0.46%
PFGC	B	-0.46%
ETR	B	-0.46%
IP	B	-0.46%
PWR	A	-0.46%
USFD	A	-0.44%
TAP	C	-0.43%
KR	B	-0.43%
GWW	B	-0.43%
FCNCA	A	-0.43%
MSI	B	-0.43%
GRMN	B	-0.43%
ALSN	B	-0.42%
INGR	B	-0.42%
TOL	B	-0.42%
UTHR	C	-0.42%
JLL	D	-0.41%
CLH	B	-0.41%
NI	A	-0.41%
CASY	A	-0.41%
RSG	A	-0.4%
THC	D	-0.4%
WELL	A	-0.4%
FANG	D	-0.39%
HIG	B	-0.39%
IRM	D	-0.39%
PNW	B	-0.39%
LAMR	D	-0.39%
COR	B	-0.39%
PHM	D	-0.38%
RS	B	-0.38%
AM	A	-0.38%
OHI	C	-0.38%
STLD	B	-0.38%
NVR	D	-0.38%
ESS	B	-0.37%
SRE	A	-0.37%
DVA	B	-0.37%
FYBR	D	-0.37%
BRX	A	-0.37%
CAH	B	-0.36%
NXST	C	-0.36%
DGX	A	-0.36%
HRB	D	-0.36%
OGE	B	-0.36%
LEN	D	-0.36%
XEL	A	-0.36%
DKS	C	-0.36%
MTG	C	-0.35%
HUBB	B	-0.35%
FNF	B	-0.35%
CTRA	B	-0.35%
CUBE	D	-0.35%
POST	C	-0.35%
AZO	C	-0.35%
HRL	D	-0.35%
D	C	-0.34%
PAG	B	-0.34%
GLPI	C	-0.34%
ED	D	-0.34%
WEC	A	-0.34%
BG	F	-0.34%
LNG	B	-0.34%
TSCO	D	-0.34%
OC	A	-0.34%
EVRG	A	-0.34%
CPB	D	-0.33%
VICI	C	-0.33%
HBAN	A	-0.33%
UHS	D	-0.33%
X	C	-0.33%
BAH	F	-0.32%
WLK	D	-0.32%
IT	C	-0.32%
EMN	D	-0.32%
ACI	C	-0.31%
FITB	A	-0.31%
ACGL	D	-0.31%
UGI	A	-0.31%
WY	D	-0.31%
WSM	B	-0.31%
AVB	B	-0.31%
STZ	D	-0.31%
MAS	D	-0.3%
DTE	C	-0.3%
AOS	F	-0.3%
PKG	A	-0.3%
ESI	A	-0.3%
NFG	A	-0.3%
JEF	A	-0.3%
ORI	A	-0.3%
AMP	A	-0.29%
LH	C	-0.28%
CMS	C	-0.28%
HOLX	D	-0.28%
GNTX	C	-0.28%
EG	C	-0.28%
RPM	A	-0.28%
SPB	C	-0.27%
WST	C	-0.27%
OLN	D	-0.26%
KDP	D	-0.26%
AVY	D	-0.26%
DINO	D	-0.26%
VTR	C	-0.25%
STE	F	-0.25%
MSM	C	-0.25%
CBOE	B	-0.25%
BBY	D	-0.24%
ITT	A	-0.24%
PK	B	-0.24%
SNX	C	-0.24%
DRI	B	-0.24%
DOX	D	-0.24%
RVTY	F	-0.23%
PR	B	-0.23%
APO	B	-0.23%
STAG	F	-0.23%
OMF	A	-0.22%
FLO	D	-0.21%
EXP	A	-0.21%
COKE	C	-0.21%
WPC	D	-0.21%
PPC	C	-0.21%
CNM	D	-0.21%
BPOP	B	-0.21%
MAA	B	-0.21%
GAP	C	-0.2%
CE	F	-0.2%
MEDP	D	-0.19%
TKR	D	-0.19%
ASH	D	-0.19%
R	B	-0.18%
STWD	C	-0.18%
SCI	B	-0.18%
NEU	C	-0.18%
CSL	C	-0.17%
UI	A	-0.17%
RGA	A	-0.17%
EPR	D	-0.17%
RHI	B	-0.17%
CPT	B	-0.17%
DTM	B	-0.17%
CCI	D	-0.16%
FR	C	-0.16%
HUN	F	-0.16%
ATO	A	-0.16%
NNN	D	-0.16%
KRC	C	-0.16%
CHE	D	-0.16%
HIW	D	-0.15%
IPG	D	-0.15%
CACI	D	-0.14%
SWKS	F	-0.14%
MOH	F	-0.14%
FBIN	D	-0.12%
WRB	A	-0.12%
VIRT	B	-0.12%
SLM	A	-0.11%
VVV	F	-0.11%
WU	D	-0.11%
CRUS	D	-0.1%
SMG	D	-0.1%
PFG	D	-0.1%
LOPE	B	-0.09%
FRT	B	-0.09%
RF	A	-0.09%
RGLD	C	-0.08%
SAIC	F	-0.08%
LPX	B	-0.08%
TNL	A	-0.07%
RBC	A	-0.07%
GEN	B	-0.07%
RMD	C	-0.07%
PCAR	B	-0.06%
DLB	B	-0.06%
AFG	A	-0.06%
KEY	B	-0.06%
EGP	F	-0.06%
IRDM	D	-0.06%
AGO	B	-0.05%
NSA	D	-0.05%
CBRE	B	-0.05%
CWEN	C	-0.05%
SSNC	B	-0.04%
LSTR	D	-0.04%
CRI	D	-0.03%
FTRE	D	-0.03%
MNST	C	-0.03%
LEG	F	-0.02%
IDA	A	-0.02%
SON	D	-0.01%