SPGM vs. VXF ETF Comparison

Comparison of SPDR Portfolio MSCI Global Stock Market ETF (SPGM) to Vanguard Extended Market ETF (VXF)

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

VXF

Vanguard Extended Market ETF

VXF Description

The investment seeks to track the performance of a benchmark index that measures the investment return of small- and mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's Completion Index, a broadly diversified index of stocks of small and mid-size U.S. companies. It invests all, or substantially all, of its assets in stocks of its target index, with nearly 80% of its assets invested in approximately 1,200 of the stocks in its target index, and the rest of its assets in a representative sample of the remaining stocks.

Grade (RS Rating)

Last Trade

$181.77

Average Daily Volume

416,364

Number of Holdings ^*

482

* may have additional holdings in another (foreign) market

Performance

Period	SPGM	VXF
30 Days	3.10%	2.85%
60 Days	5.91%	2.46%
90 Days	6.50%	7.98%
12 Months	30.93%	28.18%

125 Overlapping Holdings

Symbol	Grade	Weight in SPGM	Weight in VXF	Overlap
AA	C	0.03%	0.11%	0.03%
AAON	B	0.01%	0.09%	0.01%
AFRM	D	0.01%	0.15%	0.01%
AGNC	B	0.01%	0.1%	0.01%
ALLY	F	0.01%	0.17%	0.01%
ALNY	C	0.01%	0.47%	0.01%
AMG	C	0.0%	0.08%	0.0%
ANF	D	0.0%	0.11%	0.0%
APP	C	0.03%	0.24%	0.03%
APPF	C	0.0%	0.07%	0.0%
AR	C	0.0%	0.11%	0.0%
AUR	C	0.01%	0.06%	0.01%
AZEK	C	0.02%	0.09%	0.02%
BILL	D	0.0%	0.07%	0.0%
BRBR	B	0.0%	0.1%	0.0%
BURL	C	0.0%	0.24%	0.0%
CELH	F	0.01%	0.08%	0.01%
CFLT	F	0.0%	0.07%	0.0%
CHRD	F	0.0%	0.13%	0.0%
CHX	F	0.02%	0.08%	0.02%
CLF	F	0.0%	0.09%	0.0%
CNH	C	0.01%	0.13%	0.01%
COHR	C	0.01%	0.15%	0.01%
COIN	F	0.03%	0.46%	0.03%
CROX	C	0.01%	0.13%	0.01%
CVNA	B	0.02%	0.22%	0.02%
CYTK	F	0.0%	0.09%	0.0%
DASH	B	0.03%	0.57%	0.03%
DDOG	D	0.02%	0.51%	0.02%
DELL	C	0.02%	0.44%	0.02%
DKNG	C	0.02%	0.23%	0.02%
DOCS	B	0.01%	0.06%	0.01%
DOCU	C	0.01%	0.17%	0.01%
DT	C	0.0%	0.17%	0.0%
DUOL	C	0.0%	0.11%	0.0%
ELAN	D	0.0%	0.11%	0.0%
ELF	F	0.0%	0.12%	0.0%
EPRT	B	0.01%	0.08%	0.01%
ESTC	F	0.0%	0.09%	0.0%
EXAS	D	0.01%	0.16%	0.01%
FOUR	C	0.01%	0.07%	0.01%
FTI	D	0.03%	0.16%	0.03%
GKOS	C	0.0%	0.1%	0.0%
GME	D	0.01%	0.09%	0.01%
GTLB	D	0.01%	0.07%	0.01%
GXO	D	0.0%	0.08%	0.0%
HCP	A	0.0%	0.07%	0.0%
HOG	C	0.0%	0.06%	0.0%
HRI	C	0.0%	0.06%	0.0%
HUBS	D	0.02%	0.36%	0.02%
IBP	C	0.0%	0.07%	0.0%
ILMN	D	0.01%	0.3%	0.01%
INSP	D	0.02%	0.08%	0.02%
ITCI	D	0.02%	0.1%	0.02%
ITRI	C	0.01%	0.07%	0.01%
KD	F	0.01%	0.08%	0.01%
KEX	C	0.01%	0.1%	0.01%
KRYS	D	0.0%	0.07%	0.0%
LBRDK	C	0.01%	0.1%	0.01%
LNTH	D	0.04%	0.1%	0.04%
LNW	F	0.03%	0.14%	0.03%
LSCC	D	0.0%	0.09%	0.0%
LUMN	C	0.01%	0.08%	0.01%
LYFT	D	0.0%	0.06%	0.0%
M	F	0.01%	0.06%	0.01%
MARA	D	0.01%	0.06%	0.01%
MAT	D	0.0%	0.09%	0.0%
MATX	B	0.01%	0.07%	0.01%
MDB	D	0.02%	0.29%	0.02%
MDGL	F	0.01%	0.06%	0.01%
MHO	B	0.01%	0.06%	0.01%
MOD	C	0.05%	0.09%	0.05%
MRVL	D	0.04%	0.93%	0.04%
MSTR	C	0.02%	0.3%	0.02%
MTDR	F	0.01%	0.09%	0.01%
NET	D	0.03%	0.35%	0.03%
NOV	F	0.01%	0.1%	0.01%
NTRA	C	0.0%	0.19%	0.0%
NVT	C	0.0%	0.16%	0.0%
OGN	D	0.01%	0.08%	0.01%
OKTA	F	0.01%	0.18%	0.01%
OVV	F	0.0%	0.15%	0.0%
PATH	D	0.0%	0.07%	0.0%
PCVX	C	0.0%	0.11%	0.0%
PEN	D	0.01%	0.11%	0.01%
PINS	D	0.02%	0.27%	0.02%
PLTR	C	0.07%	0.88%	0.07%
QTWO	C	0.02%	0.06%	0.02%
RBLX	C	0.02%	0.31%	0.02%
RDNT	B	0.01%	0.06%	0.01%
RGEN	F	0.0%	0.11%	0.0%
RIVN	F	0.01%	0.14%	0.01%
RNA	D	0.01%	0.06%	0.01%
ROKU	D	0.01%	0.12%	0.01%
RRC	D	0.0%	0.1%	0.0%
RUN	D	0.01%	0.06%	0.01%
RVMD	C	0.0%	0.08%	0.0%
S	D	0.0%	0.1%	0.0%
SITE	D	0.0%	0.09%	0.0%
SKY	B	0.02%	0.07%	0.02%
SM	F	0.0%	0.07%	0.0%
SMAR	A	0.01%	0.09%	0.01%
SNAP	D	0.01%	0.14%	0.01%
SNOW	F	0.03%	0.54%	0.03%
SOFI	D	0.01%	0.12%	0.01%
SQ	D	0.03%	0.52%	0.03%
SQ	D	0.01%	0.52%	0.01%
SRPT	F	0.01%	0.18%	0.01%
TEAM	D	0.02%	0.37%	0.02%
THO	C	0.0%	0.08%	0.0%
TMDX	C	0.04%	0.08%	0.04%
TOST	C	0.01%	0.14%	0.01%
TREX	F	0.01%	0.1%	0.01%
TTD	B	0.05%	0.66%	0.05%
TWLO	C	0.01%	0.15%	0.01%
VEEV	C	0.02%	0.45%	0.02%
VKTX	D	0.01%	0.1%	0.01%
VNT	F	0.01%	0.08%	0.01%
VRNS	B	0.0%	0.09%	0.0%
VRT	C	0.05%	0.4%	0.05%
WDAY	D	0.02%	0.79%	0.02%
XPO	D	0.01%	0.19%	0.01%
Z	C	0.01%	0.14%	0.01%
ZM	C	0.02%	0.25%	0.02%
ZS	F	0.02%	0.25%	0.02%

SPGM Overweight 875 Positions Relative to VXF

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%
DFS	C	0.17%
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%
COF	B	0.13%
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%
BA	F	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%
K	A	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%
MRO	D	0.07%
ANET	C	0.07%
F	F	0.07%
CHD	C	0.07%
SLB	F	0.07%
UMC	B	0.07%
AON	B	0.07%
FE	B	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%
JNPR	A	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%
DOC	B	0.05%
GEV	B	0.05%
OXY	F	0.05%
KLAC	D	0.05%
STLA	F	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%
ALLE	B	0.04%
KB	D	0.04%
AXON	B	0.04%
OTIS	B	0.04%
SNPS	F	0.04%
FCX	C	0.04%
ABNB	D	0.04%
DLTR	F	0.04%
EQIX	B	0.04%
NEM	C	0.04%
IFF	A	0.03%
SHG	C	0.03%
AXNX	B	0.03%
KMI	C	0.03%
RCL	B	0.03%
TAC	B	0.03%
HOV	D	0.03%
NU	C	0.03%
HCA	B	0.03%
YUMC	C	0.03%
BIDU	C	0.03%
TBBK	C	0.03%
PBR	D	0.03%
BRSP	D	0.03%
HMC	D	0.03%
BBD	C	0.03%
MPWR	B	0.03%
LDOS	A	0.03%
SHW	B	0.03%
TPR	A	0.03%
LVS	C	0.03%
DX	B	0.03%
ICE	C	0.02%
NUE	D	0.02%
GGB	C	0.02%
CCL	C	0.02%
DXCM	F	0.02%
GRBK	B	0.02%
BLDR	C	0.02%
OII	D	0.02%
TDG	B	0.02%
ACEL	C	0.02%
PARA	D	0.02%
LULU	D	0.02%
TTGT	F	0.02%
CHCT	F	0.02%
MCO	C	0.02%
AIV	C	0.02%
DYN	D	0.02%
MOS	F	0.02%
URI	B	0.02%
WBD	D	0.02%
ABEV	C	0.02%
FSLR	C	0.02%
CFG	D	0.02%
CF	B	0.02%
AHH	D	0.02%
HIMS	D	0.02%
LI	D	0.02%
BABA	B	0.02%
MT	C	0.02%
FICO	B	0.02%
GOLD	C	0.02%
ADMA	C	0.02%
WTTR	D	0.02%
IIPR	B	0.02%
BKR	C	0.02%
FTNT	B	0.02%
MRNA	F	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%
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%
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%
LCID	C	0.01%
KOP	F	0.01%
FATE	F	0.01%
EDIT	F	0.01%
NR	F	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%
DLR	B	0.01%
AMSC	C	0.01%
KYMR	C	0.01%
FRO	D	0.01%
RLX	D	0.01%
DQ	D	0.01%
PTEN	F	0.01%
SLP	F	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%
LIND	D	0.01%
CENX	C	0.01%
ASPN	C	0.01%
FUTU	A	0.01%
EVH	D	0.01%
BCRX	D	0.01%
MCB	C	0.01%
UPST	C	0.01%
W	C	0.01%
PCH	C	0.01%
ALEX	C	0.01%
PHI	B	0.01%
MGNI	D	0.01%
BBWI	D	0.01%
YETI	D	0.01%
NXPI	D	0.01%
OMI	D	0.01%
U	D	0.01%
PAY	D	0.01%
ULH	D	0.01%
BGNE	B	0.01%
PTCT	C	0.01%
CASH	D	0.01%
CLNE	C	0.01%
MCRI	B	0.01%
OSW	C	0.01%
IDYA	F	0.01%
LWLG	D	0.01%
RCUS	D	0.01%
ALGN	D	0.01%
EFC	C	0.01%
BLBD	D	0.01%
CYH	C	0.01%
PRTA	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%
ADSK	B	0.01%
VSTO	C	0.01%
RKLB	C	0.01%
HASI	C	0.01%
TME	D	0.01%
COLL	C	0.01%
RVLV	C	0.01%
BZH	B	0.01%
SID	D	0.01%
LOB	C	0.01%
EXPE	C	0.01%
SEMR	C	0.01%
PHR	F	0.01%
BEKE	B	0.01%
AES	C	0.01%
MRC	D	0.01%
DH	F	0.01%
INTA	C	0.01%
BHF	F	0.01%
NBR	F	0.01%
MNDY	C	0.01%
GMS	C	0.01%
XPEV	C	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%
AKRO	D	0.01%
FIS	C	0.01%
TDOC	D	0.01%
CCS	C	0.01%
APA	F	0.01%
FLNG	D	0.01%
ERJ	C	0.01%
POWL	B	0.01%
RDFN	D	0.01%
TAL	D	0.01%
DVAX	D	0.01%
NWSA	D	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%
VIPS	C	0.01%
ABR	B	0.01%
NIO	C	0.01%
KSS	D	0.01%
TREE	C	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%
RYTM	C	0.01%
ON	D	0.01%
PLMR	C	0.01%
SOLV	D	0.01%
ENPH	D	0.01%
GMRE	C	0.01%
AGYS	D	0.01%
WBA	F	0.01%
TEVA	D	0.01%
DVN	F	0.01%
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%
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%
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%
PFC	D	0.0%
ITOS	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%
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%
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%
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%
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%
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%
HAYN	D	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%
AMRC	B	0.0%
STAA	D	0.0%
HAYW	C	0.0%
MQ	F	0.0%
XPRO	F	0.0%
FVRR	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%
TITN	F	0.0%
PENN	D	0.0%
METC	F	0.0%
YMAB	D	0.0%
SITM	B	0.0%
SIBN	F	0.0%
FIZZ	D	0.0%
IOVA	F	0.0%
FDMT	F	0.0%
GLBE	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%
VZIO	B	0.0%
ORIC	C	0.0%
DHI	C	0.0%
NVRI	D	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%
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%
SQSP	B	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%
BEAM	F	0.0%
ATUS	C	0.0%
ADNT	D	0.0%
BXC	D	0.0%
KC	D	0.0%
AMC	F	0.0%
FC	C	0.0%
CNC	D	0.0%
CDNA	C	0.0%
TRUP	D	0.0%
RVNC	D	0.0%
PODD	C	0.0%
EWCZ	F	0.0%
LMB	C	0.0%
SNDX	F	0.0%
YEXT	C	0.0%
SIGA	F	0.0%
ALT	F	0.0%
JANX	D	0.0%
WULF	C	0.0%
GDOT	D	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%
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%
TELL	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%
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%
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%
SPR	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%
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%
NUVL	D	0.0%
DOCN	C	0.0%
VITL	C	0.0%
ALEC	F	0.0%
PLAB	D	0.0%
OSCR	D	0.0%
RPAY	F	0.0%
ZLAB	C	0.0%
WIX	C	0.0%
BJRI	D	0.0%
AMR	D	0.0%
NVAX	D	0.0%
EA	D	0.0%
ENVX	F	0.0%
RCKT	F	0.0%
CIB	D	0.0%
EVRI	B	0.0%
DMRC	F	0.0%
PETQ	B	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%
LAZR	F	0.0%
ALKT	D	0.0%
AAOI	D	0.0%
MITK	F	0.0%
PHAT	C	0.0%

SPGM Underweight 358 Positions Relative to VXF

Symbol	Grade	Weight
APO	B	-0.72%
LNG	D	-0.6%
ARES	B	-0.36%
FCNCA	D	-0.34%
BAH	B	-0.29%
MKL	C	-0.29%
CSL	B	-0.28%
TRU	B	-0.27%
LII	C	-0.27%
EME	B	-0.26%
ENTG	D	-0.25%
AVTR	C	-0.25%
LPLA	D	-0.24%
SUI	C	-0.24%
WSM	C	-0.24%
BMRN	F	-0.24%
SSNC	C	-0.23%
UTHR	B	-0.23%
THC	C	-0.23%
TPL	C	-0.23%
MANH	B	-0.23%
RS	D	-0.23%
FNF	B	-0.22%
NTNX	D	-0.22%
PSTG	F	-0.22%
RBA	D	-0.22%
OC	C	-0.21%
RPM	B	-0.21%
TOL	A	-0.21%
WSO	C	-0.21%
IBKR	B	-0.2%
GGG	C	-0.2%
GLPI	C	-0.2%
RGA	C	-0.2%
WPC	C	-0.19%
USFD	C	-0.19%
CASY	D	-0.19%
RNR	B	-0.19%
HEI	C	-0.19%
ELS	D	-0.19%
ACM	B	-0.19%
TW	B	-0.19%
DKS	D	-0.19%
GWRE	B	-0.18%
BLD	C	-0.18%
FIX	B	-0.18%
ERIE	B	-0.18%
TTEK	C	-0.18%
AMH	D	-0.18%
NBIX	F	-0.18%
EQH	C	-0.18%
EWBC	C	-0.17%
HEI	C	-0.17%
BSY	C	-0.17%
FND	C	-0.17%
CW	B	-0.17%
JLL	B	-0.17%
CLH	C	-0.17%
INSM	D	-0.17%
LECO	D	-0.16%
LAMR	B	-0.16%
REXR	C	-0.16%
RRX	C	-0.16%
TXRH	B	-0.16%
RPRX	C	-0.16%
WING	C	-0.16%
SCI	C	-0.16%
ITT	B	-0.16%
PFGC	B	-0.16%
CUBE	C	-0.16%
SFM	B	-0.15%
ONTO	C	-0.15%
HOOD	C	-0.15%
BJ	D	-0.15%
WMS	D	-0.15%
CCK	B	-0.15%
CACI	B	-0.15%
KNSL	D	-0.15%
ARMK	B	-0.14%
TTC	F	-0.14%
WTRG	D	-0.14%
OHI	C	-0.14%
MUSA	D	-0.14%
UNM	B	-0.14%
SAIA	D	-0.14%
WWD	C	-0.14%
JEF	C	-0.14%
ATR	B	-0.14%
CHE	C	-0.13%
EXP	B	-0.13%
WAL	B	-0.13%
EGP	C	-0.13%
NYT	B	-0.13%
SF	B	-0.13%
SKX	C	-0.13%
ORI	B	-0.13%
FHN	D	-0.13%
PRI	B	-0.13%
TPX	B	-0.13%
GPK	C	-0.13%
RGLD	C	-0.13%
CHDN	D	-0.13%
KBR	D	-0.13%
EHC	B	-0.13%
BWXT	A	-0.13%
SNX	C	-0.13%
BFAM	C	-0.12%
MORN	C	-0.12%
GMED	D	-0.12%
HLI	C	-0.12%
CNM	F	-0.12%
LAD	B	-0.12%
BRX	C	-0.12%
CHK	C	-0.12%
MLI	B	-0.12%
MEDP	F	-0.12%
CIEN	B	-0.12%
OLED	D	-0.12%
KNX	C	-0.12%
APG	F	-0.12%
X	F	-0.12%
ENSG	D	-0.12%
FLR	D	-0.12%
NNN	B	-0.12%
CG	C	-0.12%
RBC	B	-0.12%
EVR	B	-0.12%
AFG	C	-0.12%
DCI	C	-0.12%
INGR	B	-0.12%
FN	C	-0.12%
HRB	C	-0.12%
FR	C	-0.11%
UFPI	C	-0.11%
MKSI	F	-0.11%
CMA	C	-0.11%
CBSH	D	-0.11%
MIDD	C	-0.11%
PNFP	C	-0.11%
ACHC	D	-0.11%
DTM	C	-0.11%
EXEL	C	-0.11%
WFRD	F	-0.11%
SSD	C	-0.11%
AYI	B	-0.11%
COLD	D	-0.11%
CR	B	-0.11%
CRUS	D	-0.11%
IOT	C	-0.11%
BERY	B	-0.11%
OWL	B	-0.11%
ACI	F	-0.11%
OGE	B	-0.11%
AIT	B	-0.11%
ATI	C	-0.11%
WEX	C	-0.11%
FCN	C	-0.11%
AXTA	B	-0.11%
ALSN	B	-0.11%
WBS	C	-0.11%
HALO	D	-0.11%
CVLT	B	-0.1%
MTG	B	-0.1%
MSA	D	-0.1%
LFUS	C	-0.1%
H	B	-0.1%
ESNT	B	-0.1%
CRBG	C	-0.1%
MTZ	C	-0.1%
MTN	D	-0.1%
HQY	C	-0.1%
CGNX	F	-0.1%
TKO	A	-0.1%
IONS	F	-0.1%
PCTY	D	-0.1%
PB	D	-0.1%
OSK	F	-0.1%
SWN	C	-0.1%
WTFC	C	-0.1%
PLNT	C	-0.1%
TMHC	B	-0.1%
VOYA	B	-0.1%
CRS	C	-0.1%
MTH	C	-0.1%
ARW	B	-0.1%
WCC	C	-0.1%
GNTX	D	-0.1%
CFR	C	-0.1%
ZION	D	-0.1%
PR	F	-0.1%
JAZZ	D	-0.1%
WSC	D	-0.1%
DINO	F	-0.1%
ADC	C	-0.1%
SPSC	D	-0.1%
SSB	C	-0.1%
ALV	F	-0.1%
STAG	D	-0.1%
BPOP	C	-0.1%
VFC	B	-0.09%
DBX	C	-0.09%
COOP	C	-0.09%
JXN	B	-0.09%
BMI	B	-0.09%
KBH	C	-0.09%
CWST	D	-0.09%
AXS	B	-0.09%
LPX	B	-0.09%
CMC	D	-0.09%
RLI	B	-0.09%
RHP	C	-0.09%
ONB	D	-0.09%
STWD	B	-0.09%
COKE	C	-0.09%
WH	B	-0.09%
R	C	-0.09%
FYBR	C	-0.09%
RHI	D	-0.09%
G	C	-0.09%
LSTR	D	-0.09%
BRKR	D	-0.09%
FLS	C	-0.09%
FRPT	C	-0.09%
FAF	B	-0.09%
UHAL	B	-0.09%
NOVT	D	-0.09%
LEA	D	-0.09%
RYAN	C	-0.09%
DAR	F	-0.09%
SAIC	C	-0.09%
SEIC	B	-0.09%
SNV	D	-0.09%
TRNO	D	-0.09%
NXST	D	-0.08%
GBCI	C	-0.08%
BC	C	-0.08%
FNB	D	-0.08%
BCC	C	-0.08%
PCOR	D	-0.08%
WTS	C	-0.08%
MUR	F	-0.08%
RDN	D	-0.08%
LNC	C	-0.08%
VVV	D	-0.08%
SRCL	B	-0.08%
NFG	B	-0.08%
WHR	C	-0.08%
TKR	C	-0.08%
VNO	B	-0.08%
EXPO	B	-0.08%
OLLI	C	-0.08%
SON	D	-0.08%
SIGI	D	-0.08%
PVH	D	-0.08%
AWI	B	-0.08%
OPCH	C	-0.08%
MMSI	C	-0.08%
MMS	B	-0.08%
AGCO	D	-0.08%
CIVI	F	-0.08%
MOG.A	B	-0.08%
AVAV	C	-0.08%
KRG	C	-0.08%
BCPC	C	-0.08%
VMI	C	-0.08%
BECN	F	-0.08%
FSS	D	-0.08%
POST	B	-0.08%
CBT	B	-0.08%
ST	D	-0.08%
OMF	D	-0.08%
CADE	C	-0.08%
HLNE	B	-0.08%
ESAB	C	-0.08%
ESI	C	-0.08%
EXLS	B	-0.08%
MTSI	C	-0.08%
NSIT	C	-0.08%
BPMC	F	-0.08%
NJR	C	-0.07%
IRT	C	-0.07%
QLYS	D	-0.07%
WLK	C	-0.07%
WTM	F	-0.07%
HWC	D	-0.07%
FFIN	C	-0.07%
BOX	C	-0.07%
FUL	D	-0.07%
MC	C	-0.07%
EEFT	F	-0.07%
AL	C	-0.07%
JHG	B	-0.07%
RMBS	F	-0.07%
ALKS	D	-0.07%
SLM	C	-0.07%
GAP	F	-0.07%
SUM	D	-0.07%
BCO	B	-0.07%
POR	B	-0.07%
TENB	F	-0.07%
ABG	D	-0.07%
GPI	B	-0.07%
AVT	B	-0.07%
GATX	D	-0.07%
AM	B	-0.07%
SEE	C	-0.07%
EDR	A	-0.07%
DY	C	-0.07%
ALTR	C	-0.07%
RARE	C	-0.07%
GTLS	F	-0.07%
IDA	B	-0.07%
COLB	B	-0.07%
HOMB	D	-0.07%
UGI	B	-0.07%
MDU	B	-0.07%
UBSI	D	-0.07%
OLN	D	-0.07%
THG	C	-0.07%
CSWI	B	-0.07%
MASI	C	-0.07%
HXL	F	-0.07%
XRAY	D	-0.07%
ACIW	B	-0.07%
ESGR	D	-0.06%
AGO	D	-0.06%
FELE	B	-0.06%
CPRI	D	-0.06%
TPH	C	-0.06%
FIVE	D	-0.06%
RYN	C	-0.06%
CNX	B	-0.06%
PIPR	B	-0.06%
LOPE	D	-0.06%
SLGN	B	-0.06%
CTRE	C	-0.06%
DLB	D	-0.06%
SLG	C	-0.06%
TDW	F	-0.06%
ITGR	C	-0.06%
CUZ	C	-0.06%
AN	C	-0.06%
SWX	C	-0.06%
BDC	B	-0.06%
ASGN	D	-0.06%
ACA	B	-0.06%
KNF	C	-0.06%
AVNT	B	-0.06%
FLO	C	-0.06%
PII	D	-0.06%
PECO	C	-0.06%
CRDO	D	-0.06%
ASH	F	-0.06%
OZK	F	-0.06%
ALK	B	-0.06%
UMBF	C	-0.06%
VRRM	D	-0.06%
ZWS	B	-0.06%