ACWI vs. NZAC ETF Comparison

Comparison of iShares MSCI ACWI Index Fund (ACWI) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.33

Average Daily Volume

1,817,359

Number of Holdings ^*

616

* may have additional holdings in another (foreign) market

NZAC

SPDR MSCI ACWI Climate Paris Aligned ETF

NZAC Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to exceed the minimum standards for a "Paris-Aligned Benchmark" under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement to limit the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels.

Grade (RS Rating)

Last Trade

$37.33

Average Daily Volume

6,771

Number of Holdings ^*

369

* may have additional holdings in another (foreign) market

Performance

Period	ACWI	NZAC
30 Days	-0.39%	-0.74%
60 Days	3.53%	2.47%
90 Days	5.17%	4.95%
12 Months	27.06%	27.77%

351 Overlapping Holdings

	Symbol	Grade	Weight in ACWI	Weight in NZAC	Overlap
	A	F	0.05%	0.06%	0.05%
	AAPL	C	4.15%	4.41%	4.15%
	ABBV	D	0.44%	0.4%	0.4%
	ABBV	D	0.44%	0.6%	0.44%
	ABNB	C	0.07%	0.05%	0.05%
	ABT	C	0.25%	0.19%	0.19%
	ACGL	D	0.05%	0.12%	0.05%
	ACM	B	0.02%	0.36%	0.02%
	ACN	C	0.28%	0.38%	0.28%
	ADBE	C	0.28%	0.34%	0.28%
	ADI	F	0.14%	0.5%	0.14%
	ADP	A	0.16%	0.2%	0.16%
	ADSK	A	0.08%	0.09%	0.08%
	AFG	A	0.01%	0.07%	0.01%
	AFL	C	0.07%	0.26%	0.07%
	AIG	B	0.06%	0.14%	0.06%
	AIZ	A	0.01%	0.08%	0.01%
	AJG	A	0.08%	0.07%	0.07%
	ALB	B	0.01%	0.01%	0.01%
	ALGN	F	0.02%	0.02%	0.02%
	ALL	A	0.06%	0.13%	0.06%
	ALLE	D	0.02%	0.09%	0.02%
	ALLY	C	0.01%	0.02%	0.01%
	ALNY	D	0.04%	0.04%	0.04%
	AMAT	F	0.2%	0.13%	0.13%
	AMD	F	0.3%	0.29%	0.29%
	AME	A	0.05%	0.16%	0.05%
	AMGN	F	0.22%	0.23%	0.22%
	AMP	A	0.07%	0.15%	0.07%
	AMT	F	0.12%	0.1%	0.1%
	AMZN	A	2.45%	2.4%	2.4%
	ANET	C	0.13%	0.07%	0.07%
	ANSS	B	0.04%	0.02%	0.02%
	AON	A	0.1%	0.11%	0.1%
	APH	B	0.11%	0.12%	0.11%
	APO	B	0.08%	0.17%	0.08%
	AVB	A	0.04%	0.12%	0.04%
	AVGO	C	1.02%	1.2%	1.02%
	AVTR	F	0.02%	0.03%	0.02%
	AXON	B	0.06%	0.05%	0.05%
	AXP	B	0.21%	0.35%	0.21%
	AZO	C	0.07%	0.09%	0.07%
	BABA	D	0.23%	0.26%	0.23%
	BAC	A	0.4%	0.41%	0.4%
	BAH	C	0.03%	0.03%	0.03%
	BAX	F	0.02%	0.02%	0.02%
	BBWI	C	0.01%	0.01%	0.01%
	BDX	D	0.09%	0.11%	0.09%
	BIDU	F	0.03%	0.04%	0.03%
	BIIB	F	0.03%	0.03%	0.03%
	BIO	C	0.01%	0.01%	0.01%
	BK	B	0.07%	0.12%	0.07%
	BKNG	A	0.21%	0.23%	0.21%
	BMRN	F	0.02%	0.02%	0.02%
	BMY	B	0.14%	0.23%	0.14%
	BR	A	0.04%	0.08%	0.04%
	BRK.A	B	0.77%	0.37%	0.37%
	BRO	A	0.03%	0.05%	0.03%
	BSX	A	0.17%	0.3%	0.17%
	BURL	C	0.02%	0.03%	0.02%
	BX	A	0.16%	0.18%	0.16%
	BXP	D	0.02%	0.07%	0.02%
	C	A	0.16%	0.01%	0.01%
	CARR	C	0.08%	0.03%	0.03%
	CB	C	0.14%	0.22%	0.14%
	CBOE	D	0.02%	0.03%	0.02%
	CBRE	A	0.05%	0.18%	0.05%
	CCI	F	0.06%	0.07%	0.06%
	CDW	F	0.03%	0.15%	0.03%
	CEG	D	0.1%	0.04%	0.04%
	CG	C	0.01%	0.02%	0.01%
	CHD	B	0.03%	0.09%	0.03%
	CHTR	B	0.05%	0.07%	0.05%
	CINF	A	0.03%	0.06%	0.03%
	CLX	A	0.02%	0.01%	0.01%
	CMCSA	B	0.22%	0.25%	0.22%
	CME	A	0.1%	0.12%	0.1%
	CMG	B	0.1%	0.07%	0.07%
	COF	B	0.09%	0.13%	0.09%
	COIN	B	0.07%	0.03%	0.03%
	CPAY	A	0.03%	0.04%	0.03%
	CPRT	A	0.06%	0.04%	0.04%
	CRM	B	0.39%	0.39%	0.39%
	CRWD	B	0.1%	0.02%	0.02%
	CSCO	A	0.29%	0.4%	0.29%
	CSGP	D	0.04%	0.03%	0.03%
	CSX	B	0.09%	0.09%	0.09%
	CTAS	A	0.11%	0.04%	0.04%
	CTLT	D	0.01%	0.02%	0.01%
	CTSH	A	0.05%	0.08%	0.05%
	DASH	A	0.07%	0.02%	0.02%
	DE	D	0.13%	0.14%	0.13%
	DFS	B	0.06%	0.09%	0.06%
	DGX	A	0.02%	0.02%	0.02%
	DHI	F	0.06%	0.06%	0.06%
	DHR	F	0.21%	0.2%	0.2%
	DIS	B	0.23%	0.24%	0.23%
	DLR	C	0.07%	0.38%	0.07%
	DLTR	F	0.02%	0.02%	0.02%
	DOC	C	0.02%	0.01%	0.01%
	DOCU	B	0.02%	0.01%	0.01%
	DXCM	C	0.04%	0.03%	0.03%
	EA	A	0.05%	0.01%	0.01%
	EBAY	C	0.04%	0.13%	0.04%
	ECL	C	0.08%	0.06%	0.06%
	EFX	D	0.04%	0.03%	0.03%
	EG	D	0.02%	0.03%	0.02%
	EIX	C	0.04%	0.77%	0.04%
	EL	F	0.02%	0.03%	0.02%
	ELV	F	0.12%	0.18%	0.12%
	ENPH	F	0.01%	0.06%	0.01%
	EPAM	B	0.02%	0.01%	0.01%
	EQH	B	0.02%	0.1%	0.02%
	EQIX	B	0.11%	0.32%	0.11%
	EQR	C	0.03%	0.07%	0.03%
	ERIE	F	0.01%	0.03%	0.01%
	ESS	C	0.02%	0.09%	0.02%
	ETN	A	0.18%	0.28%	0.18%
	EW	D	0.05%	0.1%	0.05%
	EXAS	F	0.01%	0.01%	0.01%
	EXR	D	0.04%	0.04%	0.04%
	FAST	A	0.06%	0.17%	0.06%
	FDS	A	0.02%	0.01%	0.01%
	FFIV	A	0.02%	0.18%	0.02%
	FI	A	0.16%	0.17%	0.16%
	FIS	B	0.06%	0.06%	0.06%
	FOX	A	0.01%	0.03%	0.01%
	FOXA	A	0.01%	0.04%	0.01%
	FSLR	F	0.02%	0.16%	0.02%
	FTNT	B	0.07%	0.07%	0.07%
	FTV	D	0.03%	0.09%	0.03%
	GDDY	A	0.03%	0.03%	0.03%
	GILD	C	0.15%	0.07%	0.07%
	GIS	F	0.05%	0.08%	0.05%
	GLW	C	0.05%	0.2%	0.05%
	GOOG	B	1.14%	1.48%	1.14%
	GOOGL	B	1.32%	1.06%	1.06%
	GPN	B	0.04%	0.04%	0.04%
	GRMN	A	0.04%	0.08%	0.04%
	GS	B	0.24%	0.06%	0.06%
	GWW	B	0.07%	0.21%	0.07%
	HBAN	B	0.03%	0.02%	0.02%
	HD	B	0.51%	0.56%	0.51%
	HDB	C	0.11%	0.14%	0.11%
	HEI	B	0.02%	0.02%	0.02%
	HEI	B	0.02%	0.02%	0.02%
	HIG	C	0.05%	0.12%	0.05%
	HLT	A	0.08%	0.02%	0.02%
	HOLX	D	0.02%	0.05%	0.02%
	HPE	B	0.04%	0.15%	0.04%
	HSIC	F	0.01%	0.05%	0.01%
	HSY	D	0.03%	0.05%	0.03%
	HUM	D	0.04%	0.07%	0.04%
	IBM	C	0.25%	0.61%	0.25%
	ICE	D	0.11%	0.12%	0.11%
	IDXX	D	0.05%	0.06%	0.05%
	IEX	B	0.02%	0.04%	0.02%
	ILMN	C	0.03%	0.04%	0.03%
	INCY	B	0.02%	0.01%	0.01%
	INTC	C	0.14%	0.19%	0.14%
	INTU	A	0.24%	0.3%	0.24%
	IPG	F	0.01%	0.01%	0.01%
	IQV	F	0.05%	0.11%	0.05%
	IRM	D	0.04%	0.06%	0.04%
	ISRG	A	0.24%	0.3%	0.24%
	IT	A	0.05%	0.03%	0.03%
	ITW	A	0.1%	0.32%	0.1%
	JKHY	C	0.02%	0.01%	0.01%
	JNJ	D	0.47%	0.61%	0.47%
	JNPR	D	0.02%	0.14%	0.02%
	JPM	B	0.86%	1.03%	0.86%
	KDP	D	0.05%	0.08%	0.05%
	KEYS	C	0.04%	0.07%	0.04%
	KKR	B	0.12%	0.13%	0.12%
	KLAC	F	0.12%	0.16%	0.12%
	KVUE	B	0.06%	0.01%	0.01%
	LEN	D	0.05%	0.06%	0.05%
	LH	A	0.03%	0.02%	0.02%
	LI	F	0.02%	0.12%	0.02%
	LIN	D	0.28%	0.08%	0.08%
	LKQ	D	0.01%	0.03%	0.01%
	LLY	F	0.84%	0.98%	0.84%
	LOW	B	0.19%	0.24%	0.19%
	LRCX	F	0.13%	0.11%	0.11%
	LULU	C	0.05%	0.08%	0.05%
	LYV	B	0.03%	0.04%	0.03%
	MA	B	0.55%	0.63%	0.55%
	MAR	A	0.09%	0.02%	0.02%
	MAS	D	0.02%	0.01%	0.01%
	MBAVU	C	0.01%	0.01%	0.01%
	MCD	C	0.27%	0.35%	0.27%
	MCO	C	0.1%	0.21%	0.1%
	MDT	D	0.14%	0.22%	0.14%
	MELI	D	0.11%	0.13%	0.11%
	MET	C	0.06%	0.2%	0.06%
	META	B	1.62%	1.69%	1.62%
	MKC	D	0.02%	0.01%	0.01%
	MKL	A	0.03%	0.07%	0.03%
	MKTX	C	0.01%	0.01%	0.01%
	MMC	C	0.14%	0.19%	0.14%
	MMM	C	0.09%	0.02%	0.02%
	MNST	B	0.05%	0.03%	0.03%
	MOH	F	0.02%	0.02%	0.02%
	MRK	F	0.33%	0.48%	0.33%
	MRNA	F	0.02%	0.02%	0.02%
	MRVL	B	0.1%	0.13%	0.1%
	MS	A	0.2%	0.25%	0.2%
	MSFT	C	3.75%	4.04%	3.75%
	MSI	B	0.11%	0.25%	0.11%
	MSTR	B	0.05%	0.02%	0.02%
	MTB	B	0.04%	0.09%	0.04%
	MTCH	F	0.01%	0.01%	0.01%
	MTD	F	0.03%	0.07%	0.03%
	MU	D	0.16%	0.1%	0.1%
	MUFG	A	0.16%	0.08%	0.08%
	NBIX	C	0.02%	0.01%	0.01%
	NDAQ	A	0.04%	0.04%	0.04%
	NEM	F	0.06%	0.09%	0.06%
	NFLX	A	0.43%	0.46%	0.43%
	NIO	F	0.01%	0.0%	0.0%
	NIO	F	0.01%	0.02%	0.01%
	NKE	F	0.12%	0.11%	0.11%
	NOW	A	0.26%	0.38%	0.26%
	NSC	B	0.08%	0.04%	0.04%
	NTAP	D	0.03%	0.06%	0.03%
	NTRS	A	0.03%	0.04%	0.03%
	NVDA	B	4.57%	4.78%	4.57%
	NVR	D	0.04%	0.03%	0.03%
	NXPI	F	0.07%	0.01%	0.01%
	O	D	0.06%	0.06%	0.06%
	ODFL	B	0.06%	0.02%	0.02%
	OMC	B	0.03%	0.03%	0.03%
	ORCL	A	0.39%	0.59%	0.39%
	ORLY	A	0.09%	0.18%	0.09%
	PANW	A	0.16%	0.14%	0.14%
	PAYC	B	0.01%	0.01%	0.01%
	PAYX	B	0.06%	0.08%	0.06%
	PCAR	B	0.07%	0.06%	0.06%
	PFE	F	0.19%	0.2%	0.19%
	PGR	A	0.19%	0.21%	0.19%
	PH	A	0.11%	0.25%	0.11%
	PHM	D	0.04%	0.04%	0.04%
	PINS	F	0.02%	0.02%	0.02%
	PLD	D	0.13%	0.21%	0.13%
	PLTR	B	0.15%	0.06%	0.06%
	PNC	B	0.1%	0.18%	0.1%
	PNR	A	0.02%	0.22%	0.02%
	PODD	B	0.02%	0.02%	0.02%
	POOL	D	0.02%	0.02%	0.02%
	PPG	F	0.04%	0.11%	0.04%
	PRU	B	0.06%	0.14%	0.06%
	PSA	C	0.07%	0.11%	0.07%
	PWR	B	0.06%	0.23%	0.06%
	PYPL	A	0.1%	0.12%	0.1%
	QCOM	F	0.24%	0.28%	0.24%
	REG	A	0.02%	0.08%	0.02%
	REGN	F	0.11%	0.11%	0.11%
	RF	B	0.03%	0.07%	0.03%
	RIVN	D	0.01%	0.01%	0.01%
	RJF	A	0.04%	0.03%	0.03%
	RMD	C	0.05%	0.08%	0.05%
	ROK	B	0.04%	0.08%	0.04%
	ROL	B	0.02%	0.02%	0.02%
	ROP	A	0.08%	0.02%	0.02%
	ROST	F	0.06%	0.09%	0.06%
	RPRX	F	0.01%	0.02%	0.01%
	RS	B	0.02%	0.08%	0.02%
	RVTY	C	0.02%	0.08%	0.02%
	SBAC	D	0.03%	0.03%	0.03%
	SBUX	B	0.14%	0.14%	0.14%
	SCHW	A	0.14%	0.17%	0.14%
	SEIC	A	0.01%	0.02%	0.01%
	SHW	A	0.12%	0.56%	0.12%
	SMCI	F	0.02%	0.01%	0.01%
	SNA	A	0.03%	0.02%	0.02%
	SNAP	C	0.02%	0.01%	0.01%
	SNOW	C	0.05%	0.02%	0.02%
	SONY	C	0.14%	0.16%	0.14%
	SPG	B	0.07%	0.15%	0.07%
	SPGI	C	0.2%	0.37%	0.2%
	SQ	B	0.05%	0.02%	0.02%
	SQ	B	0.05%	0.01%	0.01%
	STE	F	0.03%	0.02%	0.02%
	STLD	B	0.03%	0.01%	0.01%
	STT	B	0.04%	0.02%	0.02%
	STZ	D	0.05%	0.03%	0.03%
	SUI	D	0.02%	0.01%	0.01%
	SWKS	F	0.02%	0.01%	0.01%
	SYF	B	0.03%	0.09%	0.03%
	SYK	A	0.16%	0.23%	0.16%
	T	A	0.2%	0.17%	0.17%
	TCOM	C	0.04%	0.07%	0.04%
	TDG	B	0.1%	0.13%	0.1%
	TDY	A	0.03%	0.1%	0.03%
	TECH	B	0.01%	0.01%	0.01%
	TER	F	0.02%	0.04%	0.02%
	TFX	F	0.01%	0.02%	0.01%
	TGT	C	0.09%	0.02%	0.02%
	TJX	B	0.17%	0.35%	0.17%
	TMO	F	0.26%	0.34%	0.26%
	TMUS	A	0.16%	0.13%	0.13%
	TRMB	B	0.02%	0.07%	0.02%
	TROW	B	0.03%	0.05%	0.03%
	TRU	D	0.03%	0.01%	0.01%
	TRV	B	0.07%	0.15%	0.07%
	TSLA	B	1.16%	1.19%	1.16%
	TT	A	0.12%	0.02%	0.02%
	TTD	B	0.07%	0.06%	0.06%
	TW	C	0.02%	0.02%	0.02%
	TXN	C	0.25%	0.28%	0.25%
	UBER	F	0.17%	0.16%	0.16%
	UHAL	C	0.01%	0.04%	0.01%
	ULTA	C	0.02%	0.05%	0.02%
	UNH	B	0.71%	0.77%	0.71%
	UNP	C	0.19%	0.21%	0.19%
	UPS	C	0.12%	0.07%	0.07%
	URI	B	0.07%	0.05%	0.05%
	USB	A	0.1%	0.12%	0.1%
	V	A	0.61%	0.72%	0.61%
	VEEV	B	0.04%	0.03%	0.03%
	VICI	D	0.04%	0.03%	0.03%
	VLTO	C	0.03%	0.03%	0.03%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	A	0.05%	0.04%	0.04%
	VRSN	C	0.02%	0.01%	0.01%
	VRT	B	0.06%	0.02%	0.02%
	VRTX	B	0.17%	0.15%	0.15%
	VTR	C	0.03%	0.06%	0.03%
	VZ	C	0.21%	0.2%	0.2%
	WAB	A	0.04%	0.08%	0.04%
	WAT	A	0.03%	0.02%	0.02%
	WDAY	B	0.07%	0.02%	0.02%
	WELL	B	0.1%	0.15%	0.1%
	WFC	A	0.31%	0.23%	0.23%
	WIT	B	0.01%	0.07%	0.01%
	WIT	B	0.01%	0.0%	0.0%
	WM	A	0.11%	0.1%	0.1%
	WMT	A	0.47%	0.34%	0.34%
	WPC	F	0.02%	0.01%	0.01%
	WRB	B	0.02%	0.07%	0.02%
	WST	B	0.03%	0.02%	0.02%
	WTW	A	0.04%	0.07%	0.04%
	WYNN	F	0.01%	0.01%	0.01%
	XPEV	B	0.01%	0.04%	0.01%
	XYL	D	0.04%	0.36%	0.04%
	YUM	B	0.05%	0.08%	0.05%
	Z	B	0.02%	0.01%	0.01%
	ZBH	C	0.03%	0.04%	0.03%
	ZBRA	A	0.03%	0.02%	0.02%
	ZM	B	0.02%	0.02%	0.02%
	ZTS	D	0.1%	0.16%	0.1%

ACWI Overweight 269 Positions Relative to NZAC

	Symbol	Grade	Weight
	XOM	B	0.68%
	COST	B	0.53%
	PG	C	0.5%
	CVX	B	0.34%
	KO	F	0.33%
	PEP	D	0.28%
	GE	C	0.26%
	CAT	C	0.24%
	PM	C	0.24%
	TM	F	0.23%
	RTX	C	0.21%
	NEE	D	0.2%
	BLK	B	0.19%
	HON	B	0.18%
	COP	C	0.16%
	LMT	C	0.15%
	BA	F	0.14%
	GEV	B	0.12%
	MO	A	0.12%
	SO	D	0.12%
	SNPS	B	0.11%
	DUK	D	0.11%
	SMFG	B	0.11%
	MDLZ	F	0.11%
	CI	D	0.11%
	EOG	A	0.1%
	IBN	C	0.1%
	MCK	A	0.1%
	CDNS	B	0.1%
	APD	B	0.09%
	WMB	B	0.09%
	CVS	F	0.09%
	HCA	D	0.09%
	CRH	B	0.09%
	GD	A	0.09%
	CL	F	0.09%
	EMR	A	0.09%
	NOC	C	0.09%
	SRE	A	0.08%
	SLB	C	0.08%
	TFC	B	0.08%
	OKE	A	0.08%
	GM	A	0.08%
	FCX	F	0.08%
	FDX	B	0.08%
	MFG	B	0.07%
	PSX	D	0.07%
	MPC	D	0.07%
	KMI	B	0.07%
	RCL	A	0.07%
	JCI	A	0.07%
	FICO	B	0.07%
	APP	B	0.07%
	KMB	F	0.06%
	FLUT	A	0.06%
	HWM	A	0.06%
	VLO	D	0.06%
	RSG	A	0.06%
	TEL	B	0.06%
	MSCI	B	0.06%
	LNG	B	0.06%
	D	D	0.06%
	WCN	A	0.06%
	LHX	A	0.06%
	CMI	A	0.06%
	AEP	D	0.06%
	VST	B	0.06%
	GEHC	F	0.05%
	XEL	A	0.05%
	MPWR	F	0.05%
	TEAM	B	0.05%
	EXC	C	0.05%
	SYY	B	0.05%
	MLM	B	0.05%
	DELL	B	0.05%
	NUE	C	0.05%
	TRGP	B	0.05%
	HES	C	0.05%
	MCHP	F	0.05%
	CTVA	C	0.05%
	OTIS	C	0.05%
	KR	A	0.05%
	HMC	F	0.05%
	PCG	A	0.05%
	PEG	C	0.05%
	F	C	0.05%
	FERG	B	0.05%
	IR	A	0.05%
	BKR	B	0.05%
	COR	A	0.05%
	SW	C	0.04%
	TTWO	A	0.04%
	DOV	A	0.04%
	KHC	F	0.04%
	WEC	B	0.04%
	CAH	A	0.04%
	ON	F	0.04%
	FITB	A	0.04%
	ETR	B	0.04%
	HUBS	B	0.04%
	TSCO	C	0.04%
	CNC	F	0.04%
	ARES	B	0.04%
	ED	D	0.04%
	OXY	D	0.04%
	DOW	F	0.04%
	DDOG	B	0.04%
	FANG	D	0.04%
	DD	D	0.04%
	HPQ	B	0.04%
	PFG	C	0.03%
	LII	B	0.03%
	CNP	B	0.03%
	DRI	B	0.03%
	PKG	B	0.03%
	STX	D	0.03%
	MDB	C	0.03%
	COO	D	0.03%
	WBD	B	0.03%
	NRG	B	0.03%
	ATO	A	0.03%
	CFG	B	0.03%
	INVH	D	0.03%
	K	A	0.03%
	ES	D	0.03%
	BLDR	D	0.03%
	WY	F	0.03%
	WDC	D	0.03%
	LYB	F	0.03%
	CSL	B	0.03%
	FCNCA	B	0.03%
	LPLA	B	0.03%
	PTC	B	0.03%
	FE	D	0.03%
	EME	B	0.03%
	IFF	F	0.03%
	EXPE	B	0.03%
	EQT	B	0.03%
	DTE	D	0.03%
	CCL	A	0.03%
	DVN	F	0.03%
	PPL	A	0.03%
	HUBB	B	0.03%
	RBLX	B	0.03%
	HAL	C	0.03%
	LDOS	B	0.03%
	TYL	B	0.03%
	ADM	F	0.03%
	AWK	D	0.03%
	DECK	B	0.03%
	AEE	A	0.03%
	TPL	B	0.03%
	NET	B	0.03%
	DKS	F	0.02%
	AMH	C	0.02%
	BG	D	0.02%
	ELS	C	0.02%
	CPT	C	0.02%
	HST	C	0.02%
	OKTA	C	0.02%
	UHS	D	0.02%
	CHRW	A	0.02%
	UDR	C	0.02%
	NDSN	B	0.02%
	TOST	A	0.02%
	AKAM	F	0.02%
	SWK	F	0.02%
	CAG	F	0.02%
	DT	C	0.02%
	CHT	C	0.02%
	EVRG	A	0.02%
	VTRS	B	0.02%
	LNT	C	0.02%
	GGG	B	0.02%
	NI	A	0.02%
	AMCR	D	0.02%
	TWLO	A	0.02%
	CF	B	0.02%
	GLPI	D	0.02%
	APTV	D	0.02%
	HOOD	B	0.02%
	ENTG	D	0.02%
	SSNC	C	0.02%
	DPZ	C	0.02%
	JBHT	B	0.02%
	FWONK	A	0.02%
	TSN	C	0.02%
	FNF	C	0.02%
	JBL	C	0.02%
	KIM	A	0.02%
	DG	F	0.02%
	UMC	F	0.02%
	KEY	B	0.02%
	WSM	F	0.02%
	GEN	A	0.02%
	OC	A	0.02%
	TXT	C	0.02%
	DKNG	B	0.02%
	RPM	A	0.02%
	GPC	D	0.02%
	LVS	C	0.02%
	PSTG	D	0.02%
	EXPD	D	0.02%
	UTHR	B	0.02%
	MRO	B	0.02%
	MANH	C	0.02%
	AVY	F	0.02%
	J	B	0.02%
	IP	C	0.02%
	L	A	0.02%
	NMR	C	0.02%
	WSO	A	0.02%
	CTRA	B	0.02%
	MAA	C	0.02%
	YUMC	C	0.02%
	BALL	D	0.02%
	ZS	B	0.02%
	CMS	C	0.02%
	EXE	A	0.02%
	BBY	D	0.02%
	ARE	F	0.02%
	CELH	F	0.01%
	WLK	F	0.01%
	LUV	B	0.01%
	BILI	C	0.01%
	DINO	D	0.01%
	H	B	0.01%
	PARA	C	0.01%
	BEN	C	0.01%
	AGCO	F	0.01%
	WBA	D	0.01%
	ACI	C	0.01%
	AZPN	A	0.01%
	QRVO	F	0.01%
	APA	F	0.01%
	HII	D	0.01%
	DVA	C	0.01%
	BSY	F	0.01%
	TME	F	0.01%
	TTC	F	0.01%
	MOS	D	0.01%
	HRL	F	0.01%
	MGM	D	0.01%
	CE	F	0.01%
	WTRG	C	0.01%
	NLY	C	0.01%
	FBIN	F	0.01%
	DAL	A	0.01%
	ROKU	C	0.01%
	AES	F	0.01%
	CPB	F	0.01%
	CNH	D	0.01%
	KNX	B	0.01%
	AOS	F	0.01%
	CHRD	F	0.01%
	BGNE	D	0.01%
	CRL	C	0.01%
	IOT	B	0.01%
	SOLV	D	0.01%
	DAY	C	0.01%
	TAP	B	0.01%
	OVV	C	0.01%
	CCK	D	0.01%
	EMN	D	0.01%
	LW	C	0.01%
	SJM	F	0.01%
	NWSA	B	0.01%
	KMX	C	0.01%
	MNSO	C	0.0%

ACWI Underweight 19 Positions Relative to NZAC

	Symbol	Grade	Weight
	NVS	F	-0.41%
	TD	D	-0.19%
	INFY	C	-0.11%
	DEO	F	-0.1%
	SHOP	A	-0.09%
	PDD	F	-0.08%
	SCCO	F	-0.08%
	HSBH	C	-0.07%
	BCS	B	-0.04%
	XRX	F	-0.03%
	AZN	F	-0.03%
	CCEP	C	-0.03%
	TEVA	D	-0.02%
	ASAI	F	-0.02%
	BCH	F	-0.02%
	QGEN	D	-0.01%
	KB	C	-0.01%
	LYG	D	-0.01%
	QFIN	C	-0.01%

ACWI: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Utilities - Regulated Electric Business Services Diagnostics & Research Semiconductors Asset Management Oil & Gas E&P Specialty Retail Capital Markets Software - Infrastructure Biotechnology Internet Content & Information Aerospace & Defense Banks - Regional - US REIT - Residential Specialty Chemicals Auto Manufacturers Drug Manufacturers - Major Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Dow Jones Component Telecommunications Bank Chemical Aerospace Real Estate Investment Trust Banking Medicine Semiconductor Cloud Computing Transport Mining IBD 50

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Drug Manufacturers - Major Asset Management Diversified Industrials Semiconductors Biotechnology Capital Markets Information Technology Services Internet Content & Information Credit Services Insurance - Property & Casualty Medical Devices Medical Instruments & Supplies Specialty Retail Banks - Global Insurance - Diversified Insurance Brokers Specialty Chemicals

Keywords: S&P 500 Nasdaq 100 Computing Insurance Bank Dow Jones Component Medicine Banking Telecommunications Insurance Products Mobile Devices Investment Bank Electronics Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Chemical Semiconductor