SPGM vs. VEU ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Vanguard FTSE All World Ex US ETF (VEU)

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

$60.59

Average Daily Volume

37,436

Number of Holdings ^*

997

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$60.31

Average Daily Volume

2,557,000

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	VEU
30 Days	3.54%	4.80%
60 Days	3.04%	3.23%
90 Days	5.98%	7.68%
12 Months	22.04%	13.47%

83 Overlapping Holdings

	Symbol	Grade	Weight in SPGM	Weight in VEU	Overlap
	ABBV	D	0.38%	0.25%	0.25%
	ABBV	D	0.18%	0.25%	0.18%
	ABEV	F	0.02%	0.02%	0.02%
	ABEV	F	0.02%	0.02%	0.02%
	AKO.A	A	0.01%	0.0%	0.0%
	ATHM	C	0.0%	0.0%	0.0%
	ATHM	C	0.0%	0.01%	0.0%
	BABA	C	0.18%	0.55%	0.18%
	BABA	C	0.02%	0.55%	0.02%
	BBD	F	0.03%	0.03%	0.03%
	BCS	A	0.06%	0.12%	0.06%
	BEKE	B	0.01%	0.03%	0.01%
	BGNE	D	0.01%	0.03%	0.01%
	BIDU	D	0.04%	0.11%	0.04%
	BILI	C	0.0%	0.01%	0.0%
	BZ	A	0.01%	0.02%	0.01%
	CHT	C	0.09%	0.03%	0.03%
	CHT	C	0.09%	0.03%	0.03%
	CIB	B	0.0%	0.01%	0.0%
	CIG	C	0.0%	0.0%	0.0%
	CNI	D	0.16%	0.27%	0.16%
	DADA	F	0.0%	0.0%	0.0%
	DEO	D	0.08%	0.29%	0.08%
	DQ	F	0.01%	0.01%	0.01%
	E	C	0.06%	0.12%	0.06%
	ENIC	C	0.0%	0.0%	0.0%
	ERJ	A	0.01%	0.02%	0.01%
	GDS	D	0.0%	0.0%	0.0%
	GGB	C	0.02%	0.01%	0.01%
	GGB	C	0.02%	0.01%	0.01%
	GOLD	B	0.02%	0.1%	0.02%
	HDB	D	0.06%	0.35%	0.06%
	HMC	D	0.04%	0.21%	0.04%
	IBN	C	0.17%	0.11%	0.11%
	INFY	F	0.14%	0.1%	0.1%
	IQ	C	0.01%	0.01%	0.01%
	ITUB	D	0.06%	0.07%	0.06%
	KB	B	0.04%	0.04%	0.04%
	KB	B	0.04%	0.03%	0.03%
	KEP	F	0.0%	0.01%	0.0%
	KEP	F	0.0%	0.0%	0.0%
	LI	F	0.0%	0.06%	0.0%
	LI	F	0.03%	0.06%	0.03%
	LYG	A	0.05%	0.15%	0.05%
	MFG	C	0.06%	0.18%	0.06%
	MUFG	C	0.15%	0.4%	0.15%
	NIO	D	0.01%	0.02%	0.01%
	NMR	D	0.05%	0.07%	0.05%
	NVS	B	0.23%	0.71%	0.23%
	PBR	C	0.04%	0.03%	0.03%
	PDD	B	0.1%	0.25%	0.1%
	PIXY	F	0.0%	0.01%	0.0%
	PKX	F	0.07%	0.04%	0.04%
	QFIN	B	0.0%	0.01%	0.0%
	RDY	F	0.13%	0.01%	0.01%
	RLX	C	0.01%	0.01%	0.01%
	SHG	B	0.02%	0.04%	0.02%
	SHG	B	0.02%	0.03%	0.02%
	SHOP	F	0.09%	0.31%	0.09%
	SID	F	0.01%	0.0%	0.0%
	SMFG	C	0.07%	0.26%	0.07%
	SONY	F	0.19%	0.38%	0.19%
	SQM	D	0.01%	0.01%	0.01%
	STLA	D	0.08%	0.22%	0.08%
	TAL	C	0.02%	0.02%	0.02%
	TCOM	A	0.07%	0.08%	0.07%
	TD	D	0.13%	0.38%	0.13%
	TM	D	0.38%	1.07%	0.38%
	TME	B	0.0%	0.02%	0.0%
	TSM	B	0.85%	0.48%	0.48%
	TUYA	C	0.0%	0.0%	0.0%
	UL	A	0.16%	0.44%	0.16%
	UMC	B	0.07%	0.03%	0.03%
	UMC	B	0.07%	0.03%	0.03%
	VALE	C	0.09%	0.13%	0.09%
	VALE	C	0.09%	0.04%	0.04%
	VIPS	D	0.02%	0.02%	0.02%
	WIT	D	0.05%	0.02%	0.02%
	WIT	D	0.05%	0.01%	0.01%
	XPEV	F	0.01%	0.02%	0.01%
	XPEV	F	0.0%	0.02%	0.0%
	YUMC	D	0.03%	0.06%	0.03%
	YY	C	0.0%	0.0%	0.0%

SPGM Overweight 924 Positions Relative to VEU

	Symbol	Grade	Weight
	MSFT	C	3.58%
	AAPL	B	3.36%
	NVDA	B	2.7%
	AMZN	B	2.13%
	META	D	1.33%
	GOOG	B	1.2%
	GOOGL	B	1.17%
	JPM	A	0.82%
	LLY	C	0.78%
	AVGO	C	0.77%
	XOM	B	0.72%
	BRK.A	C	0.68%
	V	C	0.67%
	UNH	B	0.64%
	TSLA	D	0.59%
	COST	B	0.55%
	PG	A	0.51%
	HD	D	0.51%
	MRK	C	0.46%
	TMO	B	0.46%
	BAC	A	0.46%
	CRM	D	0.45%
	JNJ	D	0.41%
	MA	D	0.41%
	TXN	A	0.39%
	WFC	A	0.39%
	CVX	B	0.38%
	INTU	C	0.37%
	ADBE	F	0.36%
	AMAT	B	0.35%
	ABT	F	0.35%
	DHR	A	0.33%
	WMT	D	0.32%
	KO	A	0.32%
	QCOM	A	0.32%
	CSCO	D	0.32%
	AXP	A	0.32%
	GS	A	0.31%
	RTX	B	0.31%
	ORCL	C	0.31%
	TJX	B	0.31%
	PEP	B	0.31%
	DIS	D	0.3%
	NFLX	C	0.3%
	LIN	D	0.3%
	LOW	D	0.29%
	UNP	B	0.29%
	CAT	C	0.29%
	CB	B	0.29%
	AMD	D	0.28%
	ACN	F	0.27%
	NEE	A	0.26%
	C	A	0.26%
	GD	B	0.25%
	BKNG	B	0.25%
	MCK	B	0.24%
	A	A	0.24%
	NKE	F	0.24%
	IBM	D	0.24%
	AMGN	B	0.24%
	ELV	B	0.24%
	MS	A	0.24%
	MCD	F	0.23%
	CMI	B	0.23%
	PLD	F	0.23%
	WM	B	0.23%
	MDT	C	0.23%
	ETN	B	0.23%
	LMT	B	0.23%
	SPGI	B	0.22%
	COP	D	0.22%
	MPC	D	0.21%
	AFL	A	0.21%
	PFE	C	0.21%
	EMR	C	0.2%
	ORLY	D	0.2%
	CSX	D	0.2%
	DE	B	0.2%
	HON	B	0.2%
	ADP	C	0.2%
	SYK	D	0.19%
	MET	A	0.19%
	TRV	D	0.19%
	PSA	C	0.19%
	CMCSA	D	0.18%
	ROST	D	0.18%
	SCHW	A	0.18%
	BDX	F	0.18%
	SBUX	F	0.18%
	INTC	F	0.18%
	EOG	C	0.17%
	TT	B	0.17%
	TEL	A	0.17%
	NOC	C	0.17%
	MMC	B	0.17%
	FDX	D	0.17%
	ADI	A	0.17%
	PM	A	0.17%
	T	B	0.17%
	PGR	B	0.16%
	AMT	C	0.16%
	AEP	B	0.16%
	NSC	D	0.16%
	GE	C	0.15%
	PH	B	0.15%
	GILD	F	0.15%
	ALL	C	0.15%
	JCI	B	0.15%
	DFS	D	0.15%
	BK	A	0.15%
	PRU	A	0.15%
	ITW	D	0.14%
	VLO	D	0.14%
	CL	A	0.14%
	PNC	A	0.14%
	HES	C	0.14%
	VZ	C	0.14%
	TGT	D	0.14%
	CVS	F	0.14%
	ECL	B	0.14%
	HSY	C	0.14%
	COF	B	0.13%
	UBER	D	0.13%
	PEG	A	0.13%
	BSX	B	0.13%
	UPS	D	0.13%
	SPG	C	0.13%
	BA	D	0.13%
	SYY	D	0.13%
	KEYS	D	0.13%
	MKC	C	0.12%
	BMY	F	0.12%
	FAST	D	0.12%
	KMB	C	0.12%
	PYPL	C	0.12%
	CTSH	D	0.12%
	YUM	D	0.12%
	NOW	D	0.12%
	CEG	B	0.12%
	IR	D	0.12%
	CMG	C	0.12%
	REGN	B	0.12%
	USB	D	0.11%
	CLX	F	0.11%
	EIX	A	0.11%
	GLW	A	0.11%
	MELI	B	0.1%
	NTAP	B	0.1%
	HPQ	C	0.1%
	EL	F	0.1%
	DUK	B	0.1%
	ADM	C	0.1%
	AZN	A	0.1%
	BIIB	C	0.1%
	MTB	A	0.1%
	ISRG	D	0.09%
	SLB	F	0.09%
	CRWD	B	0.09%
	LYB	C	0.09%
	MU	B	0.09%
	EBAY	B	0.09%
	CI	D	0.09%
	ROIC	D	0.09%
	PANW	C	0.09%
	CME	D	0.09%
	ZTS	C	0.09%
	PPL	A	0.08%
	CHTR	D	0.08%
	MO	A	0.08%
	CHD	B	0.08%
	SJM	F	0.08%
	DLTR	F	0.08%
	WDC	B	0.08%
	GM	B	0.08%
	CTVA	B	0.08%
	TSN	B	0.08%
	UMH	B	0.08%
	DD	B	0.08%
	MMM	B	0.08%
	DOW	B	0.08%
	F	D	0.08%
	LRCX	D	0.08%
	HAL	D	0.07%
	FTV	D	0.07%
	STT	B	0.07%
	OXY	D	0.07%
	EXC	B	0.07%
	APD	C	0.07%
	SO	A	0.07%
	FE	A	0.07%
	VRTX	B	0.07%
	CHRW	C	0.07%
	MRO	D	0.07%
	BLK	C	0.07%
	VGR	C	0.06%
	ABNB	D	0.06%
	CARR	B	0.06%
	ANET	A	0.06%
	NXRT	C	0.06%
	EQR	A	0.06%
	VRT	B	0.06%
	DEA	C	0.06%
	BEN	F	0.06%
	HPE	C	0.06%
	JNPR	D	0.06%
	BAX	F	0.06%
	GIS	C	0.06%
	MDLZ	B	0.06%
	AON	D	0.06%
	WMB	A	0.06%
	STX	B	0.06%
	PSX	D	0.06%
	PLTR	D	0.05%
	MOD	B	0.05%
	SNOW	C	0.05%
	DOC	A	0.05%
	GOOD	B	0.05%
	SMCI	D	0.05%
	MRNA	C	0.05%
	SNPS	C	0.05%
	LW	F	0.05%
	TMUS	D	0.05%
	FCX	A	0.05%
	KLAC	A	0.05%
	CAG	C	0.05%
	K	B	0.05%
	TMDX	B	0.04%
	GEV	C	0.04%
	ALLE	D	0.04%
	NEM	B	0.04%
	EQIX	C	0.04%
	LVS	F	0.04%
	TTD	C	0.04%
	FOXA	B	0.04%
	OTIS	C	0.04%
	MRVL	D	0.04%
	VLTO	A	0.04%
	COIN	D	0.04%
	BX	C	0.04%
	SYF	C	0.04%
	CHX	D	0.03%
	MT	D	0.03%
	WDAY	F	0.03%
	ACRE	F	0.03%
	IFF	B	0.03%
	NET	F	0.03%
	LNTH	C	0.03%
	DDOG	D	0.03%
	FTI	B	0.03%
	AXNX	D	0.03%
	CHCT	F	0.03%
	MPWR	B	0.03%
	MDB	F	0.03%
	LNW	D	0.03%
	SQ	D	0.03%
	SE	C	0.03%
	SHW	D	0.03%
	WBA	F	0.03%
	DXCM	D	0.03%
	LDOS	A	0.03%
	TPR	D	0.03%
	AXON	D	0.03%
	KVUE	C	0.03%
	BRSP	F	0.03%
	DX	B	0.03%
	ON	D	0.02%
	OII	C	0.02%
	RBLX	F	0.02%
	MSTR	D	0.02%
	FICO	A	0.02%
	VEEV	D	0.02%
	ZM	D	0.02%
	SKY	D	0.02%
	APP	B	0.02%
	CVNA	B	0.02%
	FSLR	C	0.02%
	HIMS	D	0.02%
	AIV	B	0.02%
	KSS	C	0.02%
	PBF	F	0.02%
	ACEL	F	0.02%
	ALLY	A	0.02%
	CDNS	D	0.02%
	MTDR	D	0.02%
	URI	C	0.02%
	AZEK	D	0.02%
	CFG	A	0.02%
	QTWO	B	0.02%
	CELH	C	0.02%
	ZS	F	0.02%
	SNAP	C	0.02%
	NUE	D	0.02%
	CF	D	0.02%
	HUBS	D	0.02%
	KOS	C	0.02%
	DVN	D	0.02%
	WBD	D	0.02%
	FTNT	F	0.02%
	TBBK	D	0.02%
	WTTR	A	0.02%
	AHH	B	0.02%
	IIPR	B	0.02%
	TTGT	F	0.02%
	PLAY	D	0.02%
	TAC	D	0.02%
	PARA	D	0.02%
	HOV	B	0.02%
	ITCI	D	0.02%
	PINS	B	0.02%
	BKR	D	0.02%
	TEAM	F	0.02%
	RCL	B	0.02%
	LULU	F	0.02%
	GEHC	D	0.02%
	DKNG	C	0.02%
	MOS	F	0.02%
	HCA	D	0.02%
	KMI	A	0.02%
	DELL	A	0.02%
	DASH	D	0.02%
	NEO	C	0.01%
	KYMR	D	0.01%
	ARVN	F	0.01%
	RDFN	C	0.01%
	ALNY	F	0.01%
	ROCK	D	0.01%
	AI	D	0.01%
	MGNI	D	0.01%
	GPN	F	0.01%
	WSR	B	0.01%
	RGEN	D	0.01%
	NVT	B	0.01%
	FLNC	D	0.01%
	JELD	F	0.01%
	RCKT	D	0.01%
	ASAN	D	0.01%
	BE	C	0.01%
	BTU	D	0.01%
	EXPI	D	0.01%
	RAMP	F	0.01%
	RNA	A	0.01%
	PNTG	B	0.01%
	BILL	F	0.01%
	PNR	B	0.01%
	AUR	C	0.01%
	WRLD	C	0.01%
	CCO	D	0.01%
	FBK	B	0.01%
	HCAT	F	0.01%
	GNRC	B	0.01%
	TDOC	F	0.01%
	PLAB	C	0.01%
	DLR	C	0.01%
	DXC	F	0.01%
	BLBD	A	0.01%
	RPAY	C	0.01%
	SONO	D	0.01%
	CMPR	D	0.01%
	Z	F	0.01%
	GTLB	F	0.01%
	ATKR	D	0.01%
	CC	C	0.01%
	EVH	F	0.01%
	ITRI	B	0.01%
	LOB	F	0.01%
	IDXX	C	0.01%
	FOUR	D	0.01%
	ALEX	C	0.01%
	ELAN	B	0.01%
	OGN	B	0.01%
	CLNE	D	0.01%
	AMR	F	0.01%
	CASH	C	0.01%
	PHI	C	0.01%
	AAON	D	0.01%
	MNDY	F	0.01%
	CLBT	C	0.01%
	PCH	D	0.01%
	YETI	D	0.01%
	ASPN	B	0.01%
	ZETA	B	0.01%
	SLP	B	0.01%
	LBRDK	D	0.01%
	PTCT	C	0.01%
	LASR	C	0.01%
	ZTO	C	0.01%
	RIOT	F	0.01%
	PACK	D	0.01%
	PAY	D	0.01%
	IMVT	D	0.01%
	M	C	0.01%
	TGI	C	0.01%
	ADSK	F	0.01%
	RDNT	A	0.01%
	INTA	C	0.01%
	CPRX	C	0.01%
	XPO	D	0.01%
	COMP	B	0.01%
	OSW	B	0.01%
	EXPE	F	0.01%
	PATH	D	0.01%
	MDGL	D	0.01%
	KOP	F	0.01%
	NOV	D	0.01%
	MCRI	D	0.01%
	FUTU	B	0.01%
	JBI	D	0.01%
	EFC	B	0.01%
	KD	A	0.01%
	RCUS	D	0.01%
	AGNC	A	0.01%
	JKS	D	0.01%
	CZR	F	0.01%
	ACMR	D	0.01%
	PEN	F	0.01%
	RVLV	B	0.01%
	HASI	B	0.01%
	BASE	C	0.01%
	ROKU	D	0.01%
	VKTX	D	0.01%
	BZH	F	0.01%
	VSTO	C	0.01%
	MITK	C	0.01%
	CENX	B	0.01%
	SOFI	D	0.01%
	TWLO	C	0.01%
	DOCU	B	0.01%
	AKRO	F	0.01%
	ADMA	A	0.01%
	SRRK	D	0.01%
	PTEN	F	0.01%
	NXPI	A	0.01%
	ULH	B	0.01%
	PHR	D	0.01%
	SRPT	C	0.01%
	COLL	D	0.01%
	OMI	F	0.01%
	EVBG	D	0.01%
	POWL	C	0.01%
	GSAT	F	0.01%
	PRTA	F	0.01%
	ALGN	F	0.01%
	MRC	A	0.01%
	U	F	0.01%
	CCS	C	0.01%
	W	C	0.01%
	INMD	F	0.01%
	EXAS	F	0.01%
	TGTX	C	0.01%
	SEMR	B	0.01%
	CROX	B	0.01%
	IDYA	D	0.01%
	HSTM	B	0.01%
	TWST	B	0.01%
	MHO	C	0.01%
	FIS	A	0.01%
	ENS	C	0.01%
	VERX	C	0.01%
	AES	B	0.01%
	MATX	B	0.01%
	BHF	F	0.01%
	GERN	C	0.01%
	SQ	D	0.01%
	ATLC	F	0.01%
	CLDT	F	0.01%
	GMS	B	0.01%
	RYTM	D	0.01%
	MARA	D	0.01%
	RIVN	D	0.01%
	MBIN	C	0.01%
	ILMN	F	0.01%
	CLDX	D	0.01%
	AFRM	D	0.01%
	NWSA	C	0.01%
	SWAV	A	0.01%
	THR	B	0.01%
	ORA	C	0.01%
	TOST	B	0.01%
	ABR	B	0.01%
	AGYS	A	0.01%
	GRBK	D	0.01%
	KEX	B	0.01%
	EPRT	B	0.01%
	FLNG	B	0.01%
	BBWI	B	0.01%
	DVAX	F	0.01%
	CLSK	D	0.01%
	CCL	F	0.01%
	TREX	D	0.01%
	INSP	F	0.01%
	OKTA	D	0.01%
	INBX	D	0.01%
	VTRS	D	0.01%
	PLMR	B	0.01%
	ALB	D	0.01%
	ARWR	F	0.01%
	GMRE	C	0.01%
	APA	F	0.01%
	VNT	D	0.01%
	EPAM	F	0.01%
	BLDR	D	0.01%
	DYN	C	0.01%
	TEVA	A	0.01%
	IMXI	D	0.01%
	SOLV	C	0.01%
	BBIO	C	0.01%
	DCPH	A	0.01%
	ENPH	D	0.01%
	KRYS	D	0.0%
	SRG	F	0.0%
	SMWB	D	0.0%
	ALEC	F	0.0%
	JOBY	D	0.0%
	MP	C	0.0%
	ATUS	F	0.0%
	WW	D	0.0%
	FORR	F	0.0%
	JAMF	D	0.0%
	IHRT	F	0.0%
	AGL	D	0.0%
	OLMA	F	0.0%
	OEC	C	0.0%
	UNIT	F	0.0%
	REPX	F	0.0%
	FRGE	F	0.0%
	FLWS	C	0.0%
	MORF	F	0.0%
	TH	C	0.0%
	EVC	D	0.0%
	TELL	F	0.0%
	BMBL	D	0.0%
	ASTH	C	0.0%
	TPB	B	0.0%
	TBI	F	0.0%
	ZNTL	F	0.0%
	MLNK	F	0.0%
	HROW	C	0.0%
	CRCT	C	0.0%
	SHYF	C	0.0%
	BOC	F	0.0%
	TMCI	F	0.0%
	MLCO	D	0.0%
	SNCY	F	0.0%
	RGNX	F	0.0%
	MCB	C	0.0%
	LGIH	F	0.0%
	EDIT	F	0.0%
	PKST	D	0.0%
	DAN	C	0.0%
	FSBC	C	0.0%
	MVIS	F	0.0%
	FIGS	C	0.0%
	PRVA	F	0.0%
	SHEN	D	0.0%
	DENN	F	0.0%
	GDOT	D	0.0%
	KE	C	0.0%
	CEVA	F	0.0%
	OVV	D	0.0%
	OLO	F	0.0%
	FNA	F	0.0%
	ZEUS	F	0.0%
	AMRC	C	0.0%
	CGEM	C	0.0%
	FLGT	D	0.0%
	PFC	C	0.0%
	TRUP	C	0.0%
	ORLA	C	0.0%
	NNVC	A	0.0%
	LUMN	F	0.0%
	BEAM	F	0.0%
	CAN	F	0.0%
	PDFS	C	0.0%
	MGPI	D	0.0%
	MOFG	F	0.0%
	CABA	F	0.0%
	VERV	F	0.0%
	PLL	D	0.0%
	GRPN	C	0.0%
	COMM	D	0.0%
	MRVI	C	0.0%
	SAVA	C	0.0%
	CTKB	F	0.0%
	AMC	D	0.0%
	LSCC	F	0.0%
	HOG	D	0.0%
	MXL	F	0.0%
	VIR	C	0.0%
	XPOF	F	0.0%
	EYE	F	0.0%
	SNPO	C	0.0%
	LPRO	D	0.0%
	CECO	B	0.0%
	MNSO	C	0.0%
	NABL	F	0.0%
	SHC	F	0.0%
	CNDT	B	0.0%
	VNET	D	0.0%
	BROS	B	0.0%
	SGRY	F	0.0%
	APPN	F	0.0%
	MAT	D	0.0%
	APTV	C	0.0%
	DH	F	0.0%
	ELVN	B	0.0%
	NCNO	D	0.0%
	CEIX	C	0.0%
	HIBB	A	0.0%
	WTO	C	0.0%
	HURN	F	0.0%
	WOLF	F	0.0%
	LAW	F	0.0%
	OSPN	C	0.0%
	YOU	F	0.0%
	NMIH	B	0.0%
	ZUO	C	0.0%
	ALHC	C	0.0%
	BVN	B	0.0%
	CALX	F	0.0%
	LAND	C	0.0%
	MDXG	C	0.0%
	MAX	D	0.0%
	CRNC	F	0.0%
	HAE	A	0.0%
	NKLA	F	0.0%
	ICHR	D	0.0%
	ETNB	F	0.0%
	AOSL	C	0.0%
	SITM	C	0.0%
	GOGO	C	0.0%
	MODN	C	0.0%
	IRTC	F	0.0%
	IBP	D	0.0%
	NOVA	D	0.0%
	FUBO	F	0.0%
	VCYT	C	0.0%
	SWBI	D	0.0%
	LMND	C	0.0%
	THO	D	0.0%
	XHR	C	0.0%
	SOUN	D	0.0%
	GH	D	0.0%
	PARR	F	0.0%
	KRUS	D	0.0%
	ME	D	0.0%
	CUBI	D	0.0%
	PDFS	C	0.0%
	ADUS	B	0.0%
	GKOS	A	0.0%
	NARI	D	0.0%
	CRSR	F	0.0%
	SABR	D	0.0%
	RENB	F	0.0%
	DGII	F	0.0%
	PACB	F	0.0%
	IDT	A	0.0%
	THRM	F	0.0%
	LILAK	C	0.0%
	COTY	F	0.0%
	DNOW	D	0.0%
	FVRR	C	0.0%
	CAR	D	0.0%
	ATRO	C	0.0%
	RIG	D	0.0%
	PENN	F	0.0%
	TLRY	D	0.0%
	S	D	0.0%
	ATEN	A	0.0%
	ENVA	B	0.0%
	VSCO	C	0.0%
	NVAX	C	0.0%
	KNSA	C	0.0%
	MNTK	D	0.0%
	EMBC	D	0.0%
	SVC	F	0.0%
	IAS	F	0.0%
	MED	F	0.0%
	GLBE	F	0.0%
	UVV	C	0.0%
	SM	C	0.0%
	HAYN	D	0.0%
	TASK	A	0.0%
	AA	B	0.0%
	NEOG	F	0.0%
	PCVX	C	0.0%
	CHEF	A	0.0%
	NVRI	C	0.0%
	HL	C	0.0%
	ESTA	C	0.0%
	SPCE	D	0.0%
	APLS	F	0.0%
	ULCC	D	0.0%
	CCB	B	0.0%
	ALTG	F	0.0%
	CLOV	C	0.0%
	ADPT	D	0.0%
	HAYW	B	0.0%
	QTRX	F	0.0%
	DHC	C	0.0%
	AEHR	F	0.0%
	DHI	D	0.0%
	RXST	C	0.0%
	SANA	D	0.0%
	ATEC	F	0.0%
	NEXT	C	0.0%
	SHLS	F	0.0%
	GPRO	F	0.0%
	HRI	D	0.0%
	LWLG	F	0.0%
	OSUR	F	0.0%
	CXM	F	0.0%
	LCID	D	0.0%
	UCTT	C	0.0%
	SIBN	F	0.0%
	RAPT	F	0.0%
	NTRA	B	0.0%
	AMRK	C	0.0%
	XPRO	C	0.0%
	SPWR	D	0.0%
	MQ	F	0.0%
	NNDM	C	0.0%
	SQSP	A	0.0%
	RVNC	F	0.0%
	LUNG	D	0.0%
	IAG	A	0.0%
	FIZZ	C	0.0%
	VZIO	D	0.0%
	AVNS	C	0.0%
	PUBM	C	0.0%
	SEDG	F	0.0%
	PODD	D	0.0%
	ACHR	F	0.0%
	VMAR	D	0.0%
	NVCR	C	0.0%
	RKT	B	0.0%
	ARLO	D	0.0%
	SFIX	D	0.0%
	GRAB	B	0.0%
	CLF	F	0.0%
	BRBR	B	0.0%
	WRBY	B	0.0%
	BURL	D	0.0%
	RVMD	C	0.0%
	CCBG	D	0.0%
	PRO	F	0.0%
	AX	A	0.0%
	RRC	B	0.0%
	STAA	C	0.0%
	YEXT	D	0.0%
	APLD	D	0.0%
	IIIV	F	0.0%
	PCT	D	0.0%
	WGO	D	0.0%
	STEM	F	0.0%
	BXC	D	0.0%
	MOMO	D	0.0%
	DBI	F	0.0%
	KIM	C	0.0%
	HTHT	C	0.0%
	PL	F	0.0%
	AXSM	C	0.0%
	SIGA	D	0.0%
	PETQ	C	0.0%
	AR	B	0.0%
	PTGX	C	0.0%
	FC	D	0.0%
	LAZR	D	0.0%
	BIGC	D	0.0%
	INN	F	0.0%
	GXO	C	0.0%
	FRSH	F	0.0%
	NUVL	D	0.0%
	ZI	F	0.0%
	NCLH	F	0.0%
	EVRI	F	0.0%
	FSLY	F	0.0%
	CYTK	D	0.0%
	CSTL	C	0.0%
	PHAT	C	0.0%
	FSM	A	0.0%
	QNST	C	0.0%
	DFH	D	0.0%
	CNC	B	0.0%
	UWMC	B	0.0%
	DNA	F	0.0%
	VRDN	F	0.0%
	LEU	D	0.0%
	MTCH	F	0.0%
	PRG	C	0.0%
	CFLT	C	0.0%
	MCFT	F	0.0%
	CYRX	F	0.0%
	PAR	C	0.0%
	TTWO	F	0.0%
	DUOL	D	0.0%
	MTW	F	0.0%
	VRNS	D	0.0%
	PFSI	B	0.0%
	APPF	B	0.0%
	LSPD	F	0.0%
	PCG	B	0.0%
	GNK	B	0.0%
	DCO	B	0.0%
	IAUX	F	0.0%
	TRNS	A	0.0%
	ARDX	C	0.0%
	TNDM	B	0.0%
	FCEL	F	0.0%
	EXTR	F	0.0%
	TITN	F	0.0%
	UEC	C	0.0%
	VVI	D	0.0%
	EB	F	0.0%
	NX	D	0.0%
	PTON	D	0.0%
	PRCT	B	0.0%
	TIGR	C	0.0%
	ACVA	D	0.0%
	WIX	C	0.0%
	ACCD	F	0.0%
	ZLAB	D	0.0%
	PLUG	D	0.0%
	DOCN	C	0.0%
	ADNT	F	0.0%
	HSII	B	0.0%
	SPT	F	0.0%
	HST	D	0.0%
	NTLA	D	0.0%
	REZI	C	0.0%
	WIRE	B	0.0%
	PGC	D	0.0%
	ANF	B	0.0%
	WEAV	F	0.0%
	SAM	F	0.0%
	KHC	D	0.0%
	PLPC	C	0.0%
	SNDX	D	0.0%
	CERT	D	0.0%
	CTLP	D	0.0%
	OPEN	F	0.0%
	BRZE	F	0.0%
	FIVN	F	0.0%
	COHR	D	0.0%
	DMRC	F	0.0%
	GDRX	D	0.0%
	FDMT	D	0.0%
	SDGR	F	0.0%
	VGR	C	0.0%
	RNG	C	0.0%
	CASS	D	0.0%
	SPR	D	0.0%
	UPWK	C	0.0%
	DOCS	F	0.0%
	RUN	D	0.0%
	CRMT	D	0.0%
	FROG	D	0.0%
	IBUY	C	0.0%
	HCP	C	0.0%
	INDI	F	0.0%
	DIN	F	0.0%
	ENFN	C	0.0%
	CHGX	C	0.0%
	SGU	D	0.0%
	AMG	D	0.0%
	VITL	B	0.0%
	GDYN	F	0.0%
	KREF	D	0.0%
	BYND	D	0.0%
	KC	D	0.0%
	LEGH	B	0.0%
	OSCR	B	0.0%
	CIFR	D	0.0%
	UPST	D	0.0%
	EA	F	0.0%
	GME	C	0.0%
	ARCT	D	0.0%
	ETSY	F	0.0%
	IIIN	D	0.0%
	VMEO	D	0.0%
	REG	D	0.0%
	BOOT	B	0.0%
	AUPH	D	0.0%
	HUYA	A	0.0%
	CDE	B	0.0%
	TIGO	A	0.0%
	ESTC	C	0.0%
	HEES	F	0.0%
	DDD	F	0.0%
	INSW	A	0.0%
	TXG	F	0.0%
	SITE	D	0.0%
	RLJ	F	0.0%
	ALKT	C	0.0%
	BCRX	D	0.0%
	ENVX	D	0.0%
	NSSC	C	0.0%
	CYH	C	0.0%
	EQT	B	0.0%
	VICR	F	0.0%
	DRH	F	0.0%
	RXRX	D	0.0%
	FLYW	F	0.0%
	ACLS	D	0.0%
	ARRY	F	0.0%
	ELF	D	0.0%
	CARS	C	0.0%
	BJRI	C	0.0%
	ODFL	F	0.0%
	BLFS	B	0.0%
	LYFT	D	0.0%
	USLM	A	0.0%
	DT	D	0.0%
	SMAR	C	0.0%
	DOMO	F	0.0%
	AMPS	F	0.0%
	VPG	F	0.0%
	KLG	C	0.0%
	LIND	F	0.0%
	CHPT	D	0.0%
	QS	D	0.0%
	CSGP	D	0.0%
	APPS	D	0.0%
	RKLB	D	0.0%
	MEG	B	0.0%

SPGM Underweight 29 Positions Relative to VEU

	Symbol	Grade	Weight
	WCN	D	-0.16%
	FLUT	C	-0.13%
	XRX	F	-0.05%
	LOGI	C	-0.05%
	QGEN	B	-0.03%
	ASAI	F	-0.03%
	BCH	A	-0.02%
	YMM	B	-0.02%
	AGCO	D	-0.02%
	CX	D	-0.02%
	BRFS	B	-0.01%
	BSAC	C	-0.01%
	LPL	D	-0.01%
	SBSW	C	-0.01%
	CSAN	F	-0.01%
	AEI	F	-0.01%
	AVAL	B	-0.0%
	JEWL	F	-0.0%
	ASX	D	-0.0%
	BAK	F	-0.0%
	TAK	F	-0.0%
	WB	D	-0.0%
	ASAI	F	-0.0%
	ELBM	D	-0.0%
	MNTX	C	-0.0%
	ELP	F	-0.0%
	VIV	F	-0.0%
	EC	B	-0.0%
	TS	D	-0.0%

SPGM: Top Represented Industries & Keywords

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

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

VEU: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Latin America Banks - Regional - Asia Banks - Global Information Technology Services Oil & Gas Integrated Semiconductors Specialty Retail Steel Chemicals Consumer Electronics Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Gold Software - Application Telecom Services Utilities - Diversified Utilities - Regulated Electric Aerospace & Defense

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Currency Investment Product Cash Management Commercial Banking Natural Gas Project Finance Telecommunications Transport Cars Electricity Factoring Financial Advisory Services Insurance Products Investment Bank Securitization