SPGM vs. MNA ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to IQ Merger Arbitrage ETF (MNA)

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

MNA

IQ Merger Arbitrage ETF

MNA Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.93

Average Daily Volume

40,856

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	MNA
30 Days	3.10%	0.77%
60 Days	5.91%	2.55%
90 Days	6.50%	4.21%
12 Months	30.93%	5.44%

20 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in MNA	Overlap
AXNX	B	0.03%	2.34%	0.03%
BA	F	0.1%	-1.38%	-1.38%
CHX	F	0.02%	2.26%	0.02%
CLF	F	0.0%	-0.23%	-0.23%
COF	B	0.13%	-7.42%	-7.42%
DFS	C	0.17%	6.74%	0.17%
EVRI	B	0.0%	1.52%	0.0%
HAYN	D	0.0%	0.74%	0.0%
HCP	A	0.0%	4.32%	0.0%
JNPR	A	0.06%	5.05%	0.06%
K	A	0.07%	1.9%	0.07%
MRO	D	0.07%	3.16%	0.07%
PETQ	B	0.0%	0.68%	0.0%
PFC	D	0.0%	0.41%	0.0%
RVNC	D	0.0%	0.28%	0.0%
SLB	F	0.07%	-2.3%	-2.3%
SPR	D	0.0%	1.63%	0.0%
SQSP	B	0.0%	2.59%	0.0%
TELL	C	0.0%	1.21%	0.0%
VZIO	B	0.0%	1.25%	0.0%

SPGM Overweight 980 Positions Relative to MNA

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%
ABBV	B	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%
TM	D	0.28%
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%
NVS	C	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%
UL	B	0.19%
ABBV	B	0.19%
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%
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%
MUFG	D	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%
CNI	D	0.14%
CL	C	0.14%
ECL	B	0.14%
PEG	B	0.14%
SCHW	D	0.14%
KEYS	B	0.13%
CTSH	B	0.13%
TGT	C	0.13%
ITW	B	0.13%
RDY	D	0.13%
TD	C	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%
SHOP	C	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%
AZN	D	0.1%
PANW	D	0.1%
NTAP	D	0.1%
ZTS	B	0.1%
CMG	D	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%
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%
ANET	C	0.07%
F	F	0.07%
CHD	C	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%
VGR	C	0.07%
SMFG	D	0.07%
SO	B	0.07%
APD	B	0.07%
DEO	C	0.07%
LYG	B	0.06%
E	D	0.06%
MFG	D	0.06%
TMUS	B	0.06%
TCOM	B	0.06%
EL	D	0.06%
BCS	B	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%
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%
STLA	F	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%
SE	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%
APP	C	0.03%
KMI	C	0.03%
RCL	B	0.03%
TAC	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%
HMC	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%
LI	D	0.02%
MSTR	C	0.02%
BABA	B	0.02%
MT	C	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%
PIXY	F	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%
FRO	D	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%
FUTU	A	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%
MNDY	C	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%
FLNG	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%
TEVA	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%
MLCO	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%
KRNT	A	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%
ORLA	D	0.0%
MGPI	F	0.0%
OLPX	D	0.0%
REPL	C	0.0%
PUMP	F	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%
RENB	F	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%
MBAVU	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%
UVV	D	0.0%
RXST	D	0.0%
TASK	F	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%
NNDM	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%
GLBE	C	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%
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%
GRAB	B	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%
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%
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%
IAG	C	0.0%
WOOF	C	0.0%
FUBO	F	0.0%
LSPD	C	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%
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%
CC	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%
WIX	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%
DMRC	F	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 29 Positions Relative to MNA

Symbol	Grade	Weight
CTLT	B	-5.71%
SHV	B	-2.91%
BALY	C	-2.73%
SRCL	B	-2.65%
INST	D	-2.62%
ALE	A	-2.6%
ENV	C	-2.56%
PWSC	C	-2.26%
PRFT	B	-2.0%
IBTX	C	-1.82%
INFN	B	-1.72%
AY	B	-1.64%
RCM	C	-1.6%
SRCL	B	-1.26%
FBMS	C	-1.01%
HTLF	C	-0.86%
AGS	D	-0.76%
AAN	C	-0.63%
CHUY	C	-0.44%
CFB	D	-0.3%
SRDX	D	-0.27%
PGRU	A	-0.27%
BUSE	D	--0.3%
FA	B	--0.4%
WSBC	D	--0.41%
UMBF	C	--0.88%
RNST	D	--1.02%
SSB	C	--1.85%
IP	C	--3.71%