SPGM vs. QEMM ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

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

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.55

Average Daily Volume

1,920

Number of Holdings ^*

59

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	QEMM
30 Days	0.11%	-3.65%
60 Days	1.66%	-1.79%
90 Days	2.59%	-1.91%
12 Months	24.96%	11.31%

49 Overlapping Holdings

	Symbol	Grade	Weight in SPGM	Weight in QEMM	Overlap
	ABEV	F	0.02%	0.02%	0.02%
	ABEV	F	0.02%	0.28%	0.02%
	ATHM	C	0.0%	0.01%	0.0%
	BABA	D	0.02%	0.04%	0.02%
	BABA	D	0.2%	0.69%	0.2%
	BABA	D	0.2%	0.04%	0.04%
	BABA	D	0.02%	0.69%	0.02%
	BEKE	D	0.01%	0.02%	0.01%
	BGNE	D	0.01%	0.01%	0.01%
	BIDU	F	0.03%	0.09%	0.03%
	BVN	D	0.0%	0.1%	0.0%
	CHT	C	0.08%	0.49%	0.08%
	CIB	B	0.0%	0.01%	0.0%
	CIG	C	0.0%	0.01%	0.0%
	ENIC	B	0.0%	0.0%	0.0%
	GGB	C	0.02%	0.05%	0.02%
	HDB	C	0.06%	0.25%	0.06%
	IBN	C	0.17%	0.14%	0.14%
	IBN	C	0.17%	0.15%	0.15%
	INFY	C	0.16%	1.07%	0.16%
	IQ	F	0.0%	0.0%	0.0%
	ITUB	F	0.05%	0.15%	0.05%
	KB	B	0.04%	0.21%	0.04%
	KB	B	0.04%	0.09%	0.04%
	KEP	B	0.0%	0.09%	0.0%
	KEP	B	0.0%	0.06%	0.0%
	LI	F	0.0%	0.02%	0.0%
	LI	F	0.02%	0.02%	0.02%
	NIO	F	0.01%	0.0%	0.0%
	PBR	D	0.03%	0.16%	0.03%
	PDD	F	0.08%	1.32%	0.08%
	PKX	D	0.04%	0.08%	0.04%
	QFIN	A	0.0%	0.12%	0.0%
	RDY	F	0.12%	0.17%	0.12%
	SCCO	F	0.01%	0.25%	0.01%
	SHG	C	0.02%	0.03%	0.02%
	SHG	C	0.02%	0.22%	0.02%
	SID	F	0.01%	0.02%	0.01%
	SQM	D	0.0%	0.01%	0.0%
	TCOM	B	0.07%	0.06%	0.06%
	TME	D	0.01%	0.02%	0.01%
	UMC	F	0.06%	0.1%	0.06%
	VALE	F	0.06%	1.15%	0.06%
	VALE	F	0.06%	0.03%	0.03%
	VIPS	F	0.01%	0.17%	0.01%
	WIT	B	0.06%	0.25%	0.06%
	XPEV	C	0.0%	0.01%	0.0%
	XPEV	C	0.01%	0.01%	0.01%
	YUMC	C	0.04%	0.09%	0.04%

SPGM Overweight 962 Positions Relative to QEMM

	Symbol	Grade	Weight
	NVDA	B	4.01%
	AAPL	C	3.74%
	MSFT	D	3.35%
	AMZN	C	2.13%
	META	D	1.43%
	GOOG	C	1.1%
	GOOGL	C	1.1%
	TSLA	B	1.01%
	TSM	B	0.99%
	JPM	A	0.95%
	AVGO	D	0.87%
	BRK.A	B	0.73%
	V	A	0.7%
	LLY	F	0.7%
	UNH	B	0.68%
	XOM	B	0.68%
	HD	B	0.57%
	COST	A	0.56%
	BAC	A	0.53%
	PG	C	0.49%
	CRM	B	0.49%
	WFC	A	0.44%
	ORCL	A	0.43%
	MA	B	0.43%
	WMT	A	0.41%
	JNJ	C	0.39%
	INTU	B	0.38%
	GS	A	0.38%
	TMO	F	0.38%
	TXN	C	0.37%
	NFLX	A	0.37%
	CSCO	B	0.36%
	ABBV	F	0.36%
	AXP	A	0.36%
	TJX	A	0.35%
	CVX	A	0.35%
	ADBE	C	0.34%
	ABT	B	0.34%
	RTX	D	0.33%
	MS	A	0.32%
	LIN	C	0.32%
	LOW	C	0.31%
	BKNG	A	0.31%
	MRK	D	0.31%
	CAT	B	0.3%
	DIS	B	0.3%
	KO	D	0.29%
	ACN	B	0.28%
	DHR	F	0.28%
	QCOM	F	0.27%
	CB	C	0.27%
	IBM	C	0.27%
	UNP	C	0.26%
	PEP	F	0.26%
	AFL	B	0.26%
	CMI	A	0.26%
	C	A	0.26%
	TM	F	0.26%
	MCK	A	0.25%
	LMT	D	0.25%
	NEE	C	0.25%
	ETN	A	0.24%
	SPGI	C	0.24%
	AMAT	F	0.24%
	PLD	F	0.23%
	MCD	D	0.23%
	AMD	F	0.23%
	MDT	D	0.23%
	ADP	A	0.23%
	SONY	B	0.22%
	HON	C	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%
	PM	B	0.21%
	TRV	B	0.21%
	T	A	0.21%
	A	D	0.2%
	SBUX	A	0.2%
	MET	A	0.2%
	DFS	B	0.2%
	SYK	B	0.2%
	GILD	C	0.19%
	ABBV	F	0.19%
	CSX	C	0.19%
	TT	A	0.19%
	HSBH	B	0.19%
	BK	A	0.19%
	SCHW	B	0.18%
	ISRG	A	0.18%
	CMCSA	B	0.18%
	FDX	B	0.18%
	JCI	B	0.18%
	COP	C	0.18%
	NKE	F	0.18%
	DE	B	0.18%
	MPC	D	0.17%
	NSC	B	0.17%
	MUFG	B	0.17%
	PNC	B	0.17%
	ELV	F	0.17%
	PGR	A	0.17%
	PH	A	0.17%
	MMC	B	0.17%
	PFE	F	0.17%
	ROST	D	0.17%
	PRU	A	0.16%
	AEP	C	0.16%
	NOW	A	0.16%
	EOG	A	0.16%
	AMT	C	0.16%
	ADI	D	0.16%
	ALL	A	0.16%
	BDX	F	0.16%
	NOC	D	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%
	BMY	B	0.14%
	BSX	A	0.14%
	GE	D	0.14%
	SHOP	B	0.14%
	CVS	D	0.13%
	CTSH	B	0.13%
	PLTR	B	0.13%
	CL	D	0.13%
	IR	B	0.13%
	UBER	F	0.13%
	CNI	F	0.13%
	FAST	B	0.13%
	MTB	A	0.13%
	ROIC	A	0.12%
	EIX	B	0.12%
	HES	B	0.12%
	KEYS	A	0.12%
	SYY	D	0.12%
	CEG	C	0.12%
	USB	A	0.12%
	TGT	F	0.12%
	CLX	A	0.12%
	CMG	B	0.11%
	MKC	C	0.11%
	KKR	A	0.11%
	YUM	D	0.11%
	UPS	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%
	CHTR	C	0.1%
	MMM	D	0.1%
	BA	F	0.1%
	CRWD	B	0.09%
	CHRW	B	0.09%
	UMH	B	0.09%
	REGN	F	0.09%
	MO	A	0.09%
	CME	B	0.09%
	BLK	B	0.09%
	ZTS	D	0.09%
	GM	C	0.09%
	AZN	F	0.08%
	CI	D	0.08%
	STT	B	0.08%
	DD	C	0.08%
	AON	A	0.08%
	SMFG	B	0.08%
	ADM	D	0.08%
	APD	A	0.08%
	TSN	B	0.08%
	PPL	A	0.08%
	WMB	A	0.08%
	BCS	A	0.07%
	K	A	0.07%
	DEO	F	0.07%
	LYB	F	0.07%
	MU	D	0.07%
	VRT	B	0.07%
	GEV	B	0.07%
	TMUS	B	0.07%
	MFG	A	0.07%
	ANET	C	0.07%
	FE	C	0.07%
	CDNS	B	0.07%
	SJM	D	0.07%
	BIIB	F	0.07%
	HPE	B	0.07%
	NXRT	B	0.07%
	MRO	B	0.07%
	F	C	0.07%
	SO	C	0.07%
	SLB	C	0.07%
	CTVA	C	0.07%
	VRTX	D	0.07%
	CHD	A	0.07%
	DEA	D	0.06%
	DOW	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%
	LRCX	F	0.06%
	CARR	C	0.06%
	BX	A	0.06%
	STX	C	0.06%
	EXC	C	0.06%
	WDC	D	0.06%
	EQIX	A	0.05%
	STLA	F	0.05%
	DOC	C	0.05%
	FI	A	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%
	BAX	F	0.05%
	LYG	D	0.05%
	E	F	0.05%
	GIS	D	0.05%
	MRVL	B	0.05%
	TTD	B	0.05%
	MDLZ	F	0.05%
	PSX	C	0.05%
	FOXA	A	0.05%
	RCL	A	0.04%
	KVUE	A	0.04%
	AA	A	0.04%
	ALLE	C	0.04%
	DLTR	F	0.04%
	LVS	B	0.04%
	OTIS	C	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%
	EL	F	0.04%
	TPR	B	0.04%
	HMC	F	0.03%
	LNTH	D	0.03%
	FICO	B	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%
	BKR	A	0.03%
	TEAM	A	0.03%
	BBD	D	0.03%
	FTNT	C	0.03%
	NET	B	0.03%
	TBBK	B	0.03%
	SQ	A	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%
	LDOS	C	0.03%
	SNOW	B	0.03%
	DASH	B	0.03%
	VERX	A	0.02%
	TGTX	B	0.02%
	NUE	C	0.02%
	FSLR	F	0.02%
	VEEV	C	0.02%
	ACEL	C	0.02%
	TOST	B	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%
	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%
	LULU	C	0.02%
	URI	C	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%
	ADMA	B	0.02%
	GEHC	D	0.02%
	CFG	B	0.02%
	DELL	B	0.02%
	MT	B	0.02%
	WDAY	B	0.02%
	HCA	F	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%
	SRPT	F	0.01%
	VICR	C	0.01%
	HASI	D	0.01%
	CLNE	F	0.01%
	AES	F	0.01%
	ALEX	B	0.01%
	NXPI	D	0.01%
	PHR	F	0.01%
	CIFR	C	0.01%
	DLR	B	0.01%
	RDFN	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%
	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%
	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%
	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%
	FIS	C	0.01%
	EXPE	B	0.01%
	SQ	A	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%
	DVAX	C	0.01%
	VNT	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%
	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%
	TDG	D	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%
	AGL	F	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%
	APTV	F	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%
	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%
	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%
	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%
	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%
	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%
	BURL	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%
	PCG	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%
	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%
	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%
	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%
	EQT	B	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%
	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 14 Positions Relative to QEMM

	Symbol	Grade	Weight
	BAP	A	-0.25%
	SKM	C	-0.18%
	LEGN	D	-0.05%
	SBSW	D	-0.04%
	SBS	B	-0.03%
	SUZ	B	-0.03%
	ASAI	F	-0.02%
	UGP	F	-0.02%
	CSAN	F	-0.02%
	LPL	D	-0.02%
	BSAC	C	-0.01%
	LPL	D	-0.01%
	BCH	C	-0.01%
	VIV	F	-0.01%

SPGM: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Software - Infrastructure Information Technology Services Medical Devices Semiconductors Diagnostics & Research Oil & Gas E&P Internet Content & Information Specialty Retail Aerospace & Defense Banks - Regional - US Credit Services Diversified Industrials Telecom Services Oil & Gas Equipment & Services Auto Manufacturers Capital Markets Medical Instruments & Supplies Building Materials

Keywords: S&P 500 Nasdaq 100 Computing Medicine Biopharmaceutical Biotechnology Natural Gas Banking Bank Cancer Telecommunications Cloud Computing Life Sciences Real Estate Investment Trust Dow Jones Component Electricity Semiconductor Mining Transport IBD 50

QEMM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Banks - Regional - Asia Internet Content & Information Auto Manufacturers Specialty Retail Steel Telecom Services Biotechnology Industrial Metals & Minerals Information Technology Services Oil & Gas Refining & Marketing Utilities - Regulated Electric Beverages - Brewers Chemicals Consumer Electronics Copper Credit Services Drug Manufacturers - Specialty & Generic Gold Grocery Stores

Keywords: Bank Banking Currency Investment Banking Financial Products Investment Banking Services Natural Gas Advertising Services Cash Management Factoring Investment Product Securitization Telecommunications Broadband Cloud Computing Commercial Banking Demand Deposit Distribution Network Electric Vehicle Electricity