SPGM vs. TLTD ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)

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

$59.83

Average Daily Volume

37,142

Number of Holdings ^*

997

* may have additional holdings in another (foreign) market

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD Description

The investment seeks investment results that correspond generally to the price and yield performance of the MorningstarÂ® Developed Markets ex-US Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index reflects the performance of a selection of equity securities designed to provide broad exposure to the global developed equities markets, excluding the U.S., with increased exposure to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$71.58

Average Daily Volume

24,523

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	TLTD
30 Days	2.34%	1.33%
60 Days	0.25%	-0.11%
90 Days	3.28%	4.19%
12 Months	21.40%	16.22%

29 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in TLTD	Overlap
ABBV	D	0.18%	0.24%	0.18%
ABBV	D	0.37%	0.24%	0.24%
BCS	A	0.06%	0.14%	0.06%
CNI	D	0.16%	0.19%	0.16%
DEO	D	0.08%	0.22%	0.08%
E	C	0.06%	0.12%	0.06%
FLNG	C	0.01%	0.01%	0.01%
FSM	B	0.0%	0.02%	0.0%
GOLD	B	0.02%	0.09%	0.02%
HMC	D	0.03%	0.21%	0.03%
IAG	B	0.0%	0.02%	0.0%
LSPD	F	0.0%	0.02%	0.0%
LYG	A	0.05%	0.16%	0.05%
MFG	D	0.06%	0.2%	0.06%
MUFG	D	0.15%	0.34%	0.15%
NMR	D	0.05%	0.07%	0.05%
NVS	B	0.23%	0.57%	0.23%
ORLA	B	0.0%	0.01%	0.0%
PIXY	F	0.01%	0.01%	0.01%
RENB	F	0.0%	0.0%	0.0%
SHOP	F	0.08%	0.18%	0.08%
SMFG	D	0.08%	0.32%	0.08%
SONY	F	0.2%	0.29%	0.2%
STLA	D	0.08%	0.17%	0.08%
TAC	C	0.02%	0.02%	0.02%
TD	F	0.13%	0.4%	0.13%
TIGO	B	0.0%	0.01%	0.0%
TM	D	0.35%	1.01%	0.35%
UL	A	0.17%	0.38%	0.17%

SPGM Overweight 968 Positions Relative to TLTD

Symbol	Grade	Weight
MSFT	C	3.67%
AAPL	B	3.44%
NVDA	B	2.78%
AMZN	A	2.03%
META	D	1.29%
GOOG	B	1.22%
GOOGL	B	1.19%
TSM	B	0.91%
JPM	B	0.81%
AVGO	C	0.79%
LLY	C	0.79%
XOM	B	0.7%
BRK.A	D	0.68%
UNH	C	0.65%
V	C	0.65%
TSLA	D	0.59%
COST	B	0.57%
PG	A	0.51%
HD	D	0.49%
BAC	B	0.47%
TMO	D	0.46%
MRK	B	0.45%
CRM	D	0.45%
TXN	A	0.42%
JNJ	F	0.41%
MA	D	0.4%
INTU	D	0.39%
WFC	A	0.38%
AMAT	C	0.36%
CVX	B	0.36%
ADBE	D	0.35%
DHR	C	0.35%
QCOM	B	0.35%
WMT	C	0.34%
ABT	F	0.34%
AXP	A	0.32%
ORCL	D	0.32%
NFLX	C	0.31%
RTX	A	0.31%
CSCO	D	0.31%
GS	A	0.31%
KO	A	0.31%
TJX	C	0.31%
PEP	B	0.31%
AMD	D	0.3%
CB	C	0.3%
LIN	D	0.3%
CAT	D	0.29%
DIS	D	0.28%
LOW	D	0.27%
UNP	C	0.27%
ACN	D	0.26%
C	A	0.26%
NEE	B	0.26%
MS	A	0.25%
BKNG	B	0.25%
A	C	0.25%
MCK	B	0.24%
MDT	D	0.24%
AMGN	B	0.24%
IBM	D	0.24%
GD	A	0.24%
ELV	A	0.24%
WM	B	0.23%
PLD	D	0.23%
LMT	A	0.23%
ETN	A	0.23%
NKE	D	0.23%
AFL	A	0.22%
MCD	F	0.22%
SPGI	C	0.22%
CMI	B	0.22%
PFE	D	0.22%
ADP	D	0.21%
MPC	D	0.2%
BABA	C	0.2%
SBUX	F	0.2%
PSA	D	0.2%
EMR	C	0.2%
ADI	A	0.2%
HON	C	0.2%
COP	C	0.2%
SYK	D	0.19%
TRV	D	0.19%
MET	C	0.19%
INTC	F	0.19%
DE	B	0.19%
ORLY	D	0.19%
CSX	D	0.19%
BDX	F	0.18%
TT	A	0.17%
NOC	B	0.17%
JCI	B	0.17%
CMCSA	D	0.17%
TEL	C	0.17%
ROST	D	0.17%
SCHW	A	0.17%
MMC	C	0.17%
PM	A	0.17%
T	B	0.17%
PRU	A	0.16%
NSC	D	0.16%
AEP	A	0.16%
EOG	B	0.16%
IBN	B	0.16%
FDX	D	0.16%
AMT	D	0.16%
PGR	A	0.15%
HSY	B	0.15%
GILD	F	0.15%
DFS	C	0.15%
BK	A	0.15%
INFY	D	0.14%
CL	A	0.14%
GE	A	0.14%
VLO	D	0.14%
VZ	D	0.14%
ECL	A	0.14%
PH	B	0.14%
CVS	F	0.14%
ALL	B	0.14%
REGN	C	0.13%
SYY	D	0.13%
SPG	C	0.13%
KEYS	D	0.13%
NOW	D	0.13%
CEG	A	0.13%
IR	D	0.13%
PEG	A	0.13%
HES	B	0.13%
BSX	B	0.13%
BA	F	0.13%
ITW	D	0.13%
PNC	B	0.13%
KMB	B	0.12%
FAST	D	0.12%
CMG	A	0.12%
YUM	C	0.12%
CTSH	D	0.12%
COF	B	0.12%
GLW	B	0.12%
RDY	C	0.12%
UBER	D	0.12%
TGT	D	0.12%
UPS	D	0.12%
HPQ	C	0.11%
PDD	B	0.11%
USB	D	0.11%
MKC	B	0.11%
BMY	F	0.11%
EIX	A	0.11%
PYPL	C	0.11%
EL	F	0.1%
ZTS	D	0.1%
DUK	A	0.1%
NTAP	B	0.1%
ADM	C	0.1%
AZN	A	0.1%
MTB	A	0.1%
BIIB	C	0.1%
CLX	F	0.1%
CI	D	0.09%
MMM	B	0.09%
VALE	C	0.09%
LRCX	D	0.09%
ISRG	D	0.09%
ROIC	D	0.09%
CHT	C	0.09%
CME	C	0.09%
MU	B	0.09%
PANW	B	0.09%
EBAY	D	0.09%
CRWD	C	0.09%
MELI	B	0.09%
SJM	F	0.08%
CHTR	F	0.08%
GM	B	0.08%
PPL	A	0.08%
CHD	A	0.08%
UMH	C	0.08%
UMC	C	0.08%
CTVA	B	0.08%
DD	A	0.08%
WDC	B	0.08%
MO	A	0.08%
TSN	B	0.08%
DOW	C	0.08%
F	D	0.08%
SLB	F	0.08%
LYB	C	0.08%
STX	C	0.07%
FTV	D	0.07%
EXC	B	0.07%
STT	C	0.07%
MRO	D	0.07%
PKX	F	0.07%
TCOM	A	0.07%
SO	A	0.07%
FE	A	0.07%
APD	C	0.07%
CHRW	C	0.07%
DLTR	F	0.07%
VRTX	C	0.07%
BLK	D	0.07%
KLAC	A	0.06%
CARR	A	0.06%
VGR	D	0.06%
EQR	A	0.06%
BAX	F	0.06%
NXRT	B	0.06%
DEA	B	0.06%
VRT	A	0.06%
BEN	F	0.06%
HDB	D	0.06%
JNPR	D	0.06%
ANET	C	0.06%
MDLZ	B	0.06%
GIS	C	0.06%
PSX	D	0.06%
AON	F	0.06%
HAL	F	0.06%
HPE	D	0.06%
MRNA	B	0.06%
WMB	A	0.06%
OXY	C	0.06%
VLTO	A	0.05%
GOOD	A	0.05%
MRVL	D	0.05%
DOC	A	0.05%
BX	D	0.05%
SNOW	F	0.05%
COIN	D	0.05%
SMCI	D	0.05%
ABNB	D	0.05%
TMUS	B	0.05%
SNPS	D	0.05%
FCX	B	0.05%
LW	F	0.05%
K	B	0.05%
CAG	B	0.05%
WIT	D	0.05%
ITUB	D	0.05%
ALLE	D	0.04%
BIDU	C	0.04%
NEM	B	0.04%
KB	B	0.04%
TMDX	B	0.04%
LVS	D	0.04%
FOXA	B	0.04%
MOD	A	0.04%
EQIX	F	0.04%
SYF	B	0.04%
OTIS	D	0.04%
PLTR	D	0.04%
TTD	B	0.04%
ACRE	F	0.03%
MOS	F	0.03%
FTI	B	0.03%
MT	F	0.03%
WDAY	F	0.03%
CHCT	F	0.03%
NET	F	0.03%
AXNX	C	0.03%
SQ	D	0.03%
DELL	B	0.03%
DDOG	D	0.03%
LNW	D	0.03%
SHW	D	0.03%
MDB	F	0.03%
WBA	F	0.03%
LNTH	B	0.03%
MPWR	B	0.03%
AXON	B	0.03%
DXCM	D	0.03%
KVUE	C	0.03%
SE	B	0.03%
YUMC	F	0.03%
BBD	F	0.03%
LDOS	A	0.03%
PBR	A	0.03%
TPR	D	0.03%
BRSP	F	0.03%
DX	C	0.03%
GEV	C	0.03%
ENPH	F	0.02%
VIPS	D	0.02%
ON	F	0.02%
VEEV	D	0.02%
PBF	D	0.02%
MTDR	D	0.02%
CVNA	B	0.02%
AIV	B	0.02%
ZM	F	0.02%
DYN	D	0.02%
ALLY	B	0.02%
FICO	C	0.02%
URI	D	0.02%
APP	B	0.02%
GGB	C	0.02%
KSS	F	0.02%
SNAP	B	0.02%
QTWO	A	0.02%
CDNS	D	0.02%
TAL	B	0.02%
CFG	A	0.02%
AZEK	D	0.02%
DVN	B	0.02%
PLAY	D	0.02%
NUE	F	0.02%
KOS	D	0.02%
ZS	F	0.02%
TBBK	D	0.02%
HUBS	D	0.02%
LULU	F	0.02%
WBD	F	0.02%
FTNT	F	0.02%
HOV	B	0.02%
PARA	C	0.02%
ABEV	F	0.02%
IIPR	B	0.02%
MSTR	D	0.02%
AHH	B	0.02%
CF	F	0.02%
LI	F	0.02%
BABA	C	0.02%
PINS	A	0.02%
FSLR	B	0.02%
TEAM	F	0.02%
TTGT	F	0.02%
HIMS	D	0.02%
CELH	D	0.02%
ITCI	C	0.02%
BKR	D	0.02%
SHG	B	0.02%
WTTR	B	0.02%
DKNG	D	0.02%
GEHC	D	0.02%
RCL	A	0.02%
CHX	D	0.02%
DASH	D	0.02%
HCA	D	0.02%
IFF	A	0.02%
KMI	A	0.02%
ROCK	D	0.01%
PLAB	B	0.01%
VPG	F	0.01%
RGEN	F	0.01%
SMAR	D	0.01%
QS	F	0.01%
ENVX	C	0.01%
FLNC	C	0.01%
RKLB	D	0.01%
RPAY	B	0.01%
RCKT	D	0.01%
AI	F	0.01%
WRLD	B	0.01%
CIB	C	0.01%
RDFN	D	0.01%
EVH	F	0.01%
WSR	C	0.01%
EXPI	C	0.01%
APPS	F	0.01%
BILL	F	0.01%
VITL	A	0.01%
MEG	B	0.01%
NVT	A	0.01%
RAMP	F	0.01%
ASAN	F	0.01%
CCO	D	0.01%
HUYA	B	0.01%
FBK	B	0.01%
PNR	C	0.01%
GME	B	0.01%
TDOC	F	0.01%
ARVN	D	0.01%
SONO	D	0.01%
NVAX	F	0.01%
PNTG	A	0.01%
CMPR	D	0.01%
LIND	F	0.01%
BLFS	B	0.01%
BTU	F	0.01%
BCRX	D	0.01%
HCAT	F	0.01%
JELD	F	0.01%
DLR	D	0.01%
Z	F	0.01%
ATKR	D	0.01%
CC	C	0.01%
ITRI	A	0.01%
RNA	B	0.01%
ALEX	C	0.01%
ELAN	B	0.01%
GNRC	B	0.01%
PACK	B	0.01%
VKTX	B	0.01%
LOB	D	0.01%
SQM	D	0.01%
AAON	C	0.01%
AMR	D	0.01%
GTLB	F	0.01%
PHI	B	0.01%
MGNI	F	0.01%
IDXX	D	0.01%
CASH	B	0.01%
PAY	D	0.01%
LBRDK	F	0.01%
XPO	D	0.01%
OGN	B	0.01%
ACMR	D	0.01%
ASPN	A	0.01%
PCH	D	0.01%
IMVT	F	0.01%
SRRK	D	0.01%
CLBT	D	0.01%
BGNE	C	0.01%
LASR	C	0.01%
MCRI	D	0.01%
SLP	B	0.01%
RVLV	C	0.01%
FOUR	F	0.01%
CLNE	F	0.01%
NOV	D	0.01%
PATH	D	0.01%
RIOT	F	0.01%
KOP	F	0.01%
EXPE	F	0.01%
ADSK	F	0.01%
CZR	F	0.01%
IQ	C	0.01%
INTA	D	0.01%
M	D	0.01%
YETI	F	0.01%
OSW	B	0.01%
TGI	C	0.01%
BZ	B	0.01%
MITK	B	0.01%
PEN	F	0.01%
BE	C	0.01%
BZH	D	0.01%
VSTO	A	0.01%
EFC	B	0.01%
U	F	0.01%
ROKU	F	0.01%
ZETA	B	0.01%
RLX	B	0.01%
AGNC	C	0.01%
CPRX	D	0.01%
COLL	C	0.01%
GSAT	F	0.01%
KD	A	0.01%
JBI	D	0.01%
ULH	A	0.01%
AKRO	F	0.01%
SOFI	F	0.01%
FUTU	B	0.01%
RDNT	B	0.01%
BLBD	C	0.01%
MDGL	D	0.01%
DOCU	B	0.01%
BASE	D	0.01%
ZTO	C	0.01%
RCUS	F	0.01%
TWLO	D	0.01%
EXAS	F	0.01%
CENX	B	0.01%
W	C	0.01%
PRTA	F	0.01%
PTCT	C	0.01%
HASI	A	0.01%
SRPT	B	0.01%
JKS	C	0.01%
ALGN	F	0.01%
OMI	F	0.01%
MNDY	D	0.01%
PTEN	F	0.01%
EVBG	B	0.01%
XPEV	F	0.01%
PHR	F	0.01%
DQ	F	0.01%
ATLC	F	0.01%
NXPI	A	0.01%
COMP	D	0.01%
CCS	D	0.01%
MBIN	B	0.01%
INMD	F	0.01%
IDYA	D	0.01%
HSTM	B	0.01%
TGTX	C	0.01%
MHO	D	0.01%
BHF	D	0.01%
GERN	B	0.01%
SEMR	A	0.01%
CROX	C	0.01%
ENS	B	0.01%
CLDX	D	0.01%
ERJ	B	0.01%
TWST	B	0.01%
SQ	D	0.01%
CLDT	F	0.01%
FIS	C	0.01%
RYTM	D	0.01%
MRC	D	0.01%
ILMN	F	0.01%
EPAM	D	0.01%
GMS	C	0.01%
AFRM	D	0.01%
AKO.A	B	0.01%
AES	B	0.01%
MATX	B	0.01%
VERX	D	0.01%
POWL	B	0.01%
RIVN	F	0.01%
MARA	C	0.01%
TOST	A	0.01%
SWAV	A	0.01%
GRBK	D	0.01%
SID	F	0.01%
ABR	B	0.01%
NWSA	D	0.01%
ADMA	A	0.01%
EPRT	A	0.01%
VTRS	C	0.01%
THR	A	0.01%
TREX	D	0.01%
ORA	C	0.01%
BEKE	B	0.01%
BBWI	C	0.01%
KEX	A	0.01%
DVAX	D	0.01%
INSP	D	0.01%
NIO	C	0.01%
PLMR	A	0.01%
ALB	C	0.01%
INBX	D	0.01%
OKTA	D	0.01%
ARWR	F	0.01%
RBLX	C	0.01%
SOLV	C	0.01%
APA	F	0.01%
GMRE	D	0.01%
CCL	F	0.01%
VNT	D	0.01%
CLSK	D	0.01%
BLDR	D	0.01%
ACEL	C	0.01%
DCPH	A	0.01%
IMXI	D	0.01%
SKY	D	0.01%
TEVA	B	0.01%
OII	B	0.01%
AGYS	B	0.01%
BBIO	F	0.01%
SRG	D	0.0%
KRYS	D	0.0%
XPEV	F	0.0%
LI	F	0.0%
SMWB	D	0.0%
IHRT	D	0.0%
ALEC	F	0.0%
JOBY	D	0.0%
WW	F	0.0%
JAMF	B	0.0%
MP	D	0.0%
FORR	F	0.0%
ATUS	F	0.0%
OLMA	F	0.0%
UNIT	F	0.0%
OEC	B	0.0%
REPX	F	0.0%
FRGE	F	0.0%
AGL	F	0.0%
CRCT	B	0.0%
MORF	F	0.0%
EVC	C	0.0%
TH	C	0.0%
FLWS	D	0.0%
ZNTL	F	0.0%
ASTH	D	0.0%
TPB	B	0.0%
MVIS	F	0.0%
TBI	F	0.0%
DADA	F	0.0%
SNCY	F	0.0%
MLNK	F	0.0%
RGNX	F	0.0%
BMBL	F	0.0%
BOC	F	0.0%
CRNC	F	0.0%
SHYF	C	0.0%
GDS	D	0.0%
TELL	F	0.0%
LGIH	F	0.0%
PRVA	F	0.0%
PKST	F	0.0%
FNA	F	0.0%
DAN	C	0.0%
MLCO	D	0.0%
DENN	F	0.0%
MCB	B	0.0%
CGEM	B	0.0%
FSBC	D	0.0%
CEVA	D	0.0%
OVV	C	0.0%
KE	C	0.0%
EDIT	F	0.0%
TMCI	F	0.0%
FIGS	D	0.0%
OLO	F	0.0%
SHEN	D	0.0%
ZEUS	F	0.0%
FLGT	F	0.0%
PFC	B	0.0%
GDOT	C	0.0%
XPOF	F	0.0%
HROW	F	0.0%
LUMN	F	0.0%
MGPI	D	0.0%
VERV	F	0.0%
AMRC	C	0.0%
CABA	F	0.0%
PDFS	F	0.0%
QFIN	A	0.0%
MOFG	D	0.0%
CTKB	F	0.0%
MXL	D	0.0%
BEAM	F	0.0%
LAW	B	0.0%
MNSO	B	0.0%
TRUP	F	0.0%
SAVA	C	0.0%
NNVC	A	0.0%
HOG	D	0.0%
CNDT	B	0.0%
SGRY	F	0.0%
SNPO	B	0.0%
VNET	C	0.0%
LSCC	F	0.0%
EYE	F	0.0%
CAN	F	0.0%
NABL	D	0.0%
PLL	D	0.0%
ELVN	B	0.0%
MAT	D	0.0%
SHC	F	0.0%
CECO	B	0.0%
APTV	D	0.0%
APPN	F	0.0%
MAX	C	0.0%
ZUO	B	0.0%
HURN	F	0.0%
MRVI	B	0.0%
HIBB	A	0.0%
NKLA	F	0.0%
COMM	F	0.0%
NCNO	D	0.0%
DH	F	0.0%
VIR	F	0.0%
NMIH	A	0.0%
LPRO	F	0.0%
YOU	F	0.0%
IBP	D	0.0%
HAE	B	0.0%
WTO	C	0.0%
IRTC	F	0.0%
OSPN	B	0.0%
BROS	C	0.0%
RAPT	F	0.0%
BVN	B	0.0%
ETNB	F	0.0%
LAND	D	0.0%
THO	D	0.0%
KRUS	C	0.0%
CEIX	D	0.0%
CALX	F	0.0%
MODN	B	0.0%
AOSL	B	0.0%
PARR	F	0.0%
SWBI	C	0.0%
ALHC	B	0.0%
ICHR	D	0.0%
FUBO	F	0.0%
WOLF	F	0.0%
XHR	D	0.0%
LMND	C	0.0%
MDXG	D	0.0%
CUBI	D	0.0%
GRPN	F	0.0%
NOVA	F	0.0%
GOGO	C	0.0%
VCYT	F	0.0%
THRM	D	0.0%
GKOS	B	0.0%
DGII	F	0.0%
SOUN	D	0.0%
ADUS	A	0.0%
COTY	F	0.0%
ALTG	D	0.0%
AMC	F	0.0%
DNOW	C	0.0%
ME	F	0.0%
CAR	D	0.0%
LILAK	B	0.0%
RVNC	F	0.0%
CRSR	F	0.0%
PDFS	F	0.0%
TLRY	D	0.0%
KNSA	B	0.0%
SABR	D	0.0%
ENVA	C	0.0%
SVC	F	0.0%
PACB	F	0.0%
ATEN	B	0.0%
IDT	C	0.0%
NARI	F	0.0%
PENN	F	0.0%
SITM	C	0.0%
RIG	F	0.0%
GH	D	0.0%
SM	B	0.0%
ENIC	B	0.0%
SPCE	F	0.0%
MED	F	0.0%
SANA	B	0.0%
HAYN	D	0.0%
S	D	0.0%
UVV	B	0.0%
ULCC	D	0.0%
GLBE	F	0.0%
LWLG	F	0.0%
GPRO	F	0.0%
CHEF	C	0.0%
ATRO	C	0.0%
APLS	F	0.0%
ESTA	B	0.0%
VSCO	F	0.0%
PCVX	C	0.0%
HAYW	C	0.0%
DHI	D	0.0%
CCB	B	0.0%
FVRR	F	0.0%
OSUR	F	0.0%
QTRX	F	0.0%
MQ	D	0.0%
SIBN	F	0.0%
CXM	D	0.0%
NVRI	D	0.0%
NEOG	F	0.0%
IAS	F	0.0%
RXST	B	0.0%
ATEC	F	0.0%
AA	B	0.0%
SHLS	F	0.0%
HRI	D	0.0%
TASK	B	0.0%
ADPT	D	0.0%
MNTK	F	0.0%
DHC	F	0.0%
AEHR	F	0.0%
ARLO	A	0.0%
SEDG	F	0.0%
ACHR	F	0.0%
AMRK	B	0.0%
UCTT	C	0.0%
HL	B	0.0%
FIZZ	D	0.0%
CLOV	D	0.0%
EMBC	F	0.0%
LCID	F	0.0%
YY	C	0.0%
IIIV	B	0.0%
ATHM	B	0.0%
VZIO	D	0.0%
LAZR	D	0.0%
LUNG	D	0.0%
NEXT	B	0.0%
PUBM	B	0.0%
DUOL	B	0.0%
AVNS	D	0.0%
NTRA	B	0.0%
DNA	F	0.0%
XPRO	B	0.0%
NNDM	F	0.0%
PODD	C	0.0%
RKT	B	0.0%
BURL	D	0.0%
CLF	F	0.0%
BRBR	C	0.0%
CCBG	D	0.0%
YEXT	F	0.0%
PRO	F	0.0%
SFIX	F	0.0%
MOMO	C	0.0%
HTHT	B	0.0%
SQSP	A	0.0%
AX	A	0.0%
RRC	B	0.0%
PL	F	0.0%
WGO	D	0.0%
RVMD	B	0.0%
VMAR	D	0.0%
GRAB	B	0.0%
VRDN	F	0.0%
DBI	D	0.0%
FC	D	0.0%
STAA	D	0.0%
EVRI	F	0.0%
STEM	F	0.0%
CYTK	D	0.0%
BXC	D	0.0%
KIM	C	0.0%
SIGA	C	0.0%
CYRX	F	0.0%
DFH	F	0.0%
AR	B	0.0%
AXSM	B	0.0%
INN	F	0.0%
FRSH	F	0.0%
GXO	C	0.0%
NCLH	F	0.0%
QNST	B	0.0%
PCT	F	0.0%
UWMC	B	0.0%
NUVL	D	0.0%
MTCH	F	0.0%
PTON	D	0.0%
PHAT	C	0.0%
SPWR	F	0.0%
FSLY	F	0.0%
ARDX	C	0.0%
CSTL	B	0.0%
CNC	C	0.0%
PETQ	D	0.0%
APPF	B	0.0%
ZI	F	0.0%
VRNS	D	0.0%
PRG	B	0.0%
CFLT	C	0.0%
PFSI	B	0.0%
GNK	A	0.0%
PTGX	D	0.0%
NX	D	0.0%
MTW	F	0.0%
EB	F	0.0%
BIGC	F	0.0%
TTWO	D	0.0%
APLD	F	0.0%
WRBY	F	0.0%
FROG	D	0.0%
MCFT	F	0.0%
TITN	F	0.0%
DCO	B	0.0%
PCG	B	0.0%
LEU	C	0.0%
UEC	B	0.0%
IAUX	F	0.0%
SNDX	D	0.0%
NVCR	D	0.0%
PAR	B	0.0%
ADNT	F	0.0%
SAM	D	0.0%
VVI	D	0.0%
SGU	B	0.0%
EXTR	F	0.0%
WEAV	F	0.0%
WIRE	B	0.0%
HST	D	0.0%
GDRX	B	0.0%
ACCD	F	0.0%
FIVN	F	0.0%
TME	B	0.0%
BYND	D	0.0%
ACVA	D	0.0%
PLPC	D	0.0%
PGC	D	0.0%
KHC	C	0.0%
REZI	D	0.0%
DIN	F	0.0%
GDYN	D	0.0%
UPWK	F	0.0%
SDGR	F	0.0%
FDMT	D	0.0%
TIGR	D	0.0%
PRCT	B	0.0%
KC	C	0.0%
CERT	D	0.0%
VGR	D	0.0%
ENFN	B	0.0%
CASS	D	0.0%
FCEL	F	0.0%
BRZE	F	0.0%
OPEN	F	0.0%
KEP	D	0.0%
COHR	D	0.0%
DOCN	D	0.0%
HSII	C	0.0%
SPR	D	0.0%
CIG	B	0.0%
ANF	B	0.0%
TUYA	C	0.0%
CRMT	D	0.0%
RNG	C	0.0%
BILI	B	0.0%
TNDM	B	0.0%
TRNS	A	0.0%
IIIN	D	0.0%
NTLA	F	0.0%
CHGX	C	0.0%
HCP	B	0.0%
IBUY	D	0.0%
AMG	D	0.0%
KREF	F	0.0%
AUR	B	0.0%
TXG	F	0.0%
SPT	F	0.0%
VMEO	D	0.0%
DDD	F	0.0%
ZLAB	F	0.0%
CTLP	F	0.0%
LYFT	C	0.0%
ETSY	F	0.0%
RLJ	F	0.0%
UPST	F	0.0%
HEES	F	0.0%
REG	F	0.0%
AMPS	F	0.0%
ESTC	B	0.0%
SITE	F	0.0%
OSCR	A	0.0%
RUN	D	0.0%
KLG	B	0.0%
ODFL	F	0.0%
EA	F	0.0%
DMRC	F	0.0%
INDI	F	0.0%
ELF	D	0.0%
CIFR	C	0.0%
BOOT	B	0.0%
INSW	A	0.0%
DRH	F	0.0%
AUPH	F	0.0%
USLM	A	0.0%
DOCS	F	0.0%
LEGH	D	0.0%
CDE	B	0.0%
EQT	B	0.0%
FLYW	F	0.0%
ALKT	B	0.0%
KYMR	C	0.0%
CSGP	C	0.0%
PLUG	F	0.0%
DOMO	F	0.0%
WIX	D	0.0%
ACLS	D	0.0%
VICR	F	0.0%
NSSC	B	0.0%
NEO	D	0.0%
DXC	F	0.0%
CYH	B	0.0%
ARRY	F	0.0%
GPN	F	0.0%
BJRI	D	0.0%
DT	F	0.0%
ARCT	F	0.0%
RXRX	F	0.0%
ALNY	D	0.0%
CHPT	D	0.0%
CARS	D	0.0%

SPGM Underweight 21 Positions Relative to TLTD

Symbol	Grade	Weight
DOOO	C	-0.13%
WCN	C	-0.12%
TRMD	B	-0.09%
RBA	D	-0.04%
CCEP	A	-0.04%
LOGI	D	-0.04%
BBUC	D	-0.03%
SMMF	B	-0.03%
ECO	A	-0.03%
QGEN	C	-0.03%
OTEX	F	-0.03%
AGCO	F	-0.03%
PRMW	A	-0.03%
AEI	F	-0.02%
WFG	D	-0.02%
DNN	B	-0.02%
GCBC	B	-0.01%
ELBM	F	-0.01%
BWLP	B	-0.01%
HAFN	A	-0.01%
GOGL	A	-0.01%