CRBN vs. EFIV ETF Comparison

Comparison of iShares MSCI ACWI Low Carbon Target ETF (CRBN) to SPDR S&P 500 ESG ETF (EFIV)

CRBN

iShares MSCI ACWI Low Carbon Target ETF

CRBN Description

The investment seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market. The fund seeks to track the investment results of the MSCI ACWI Low Carbon Target Index. It generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to address two dimensions of carbon exposure - carbon emissions and potential carbon emissions from fossil fuel reserves. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$197.26

Average Daily Volume

7,589

Number of Holdings ^*

400

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.51

Average Daily Volume

105,618

Number of Holdings ^*

312

* may have additional holdings in another (foreign) market

Performance

Period	CRBN	EFIV
30 Days	0.72%	2.19%
60 Days	3.56%	5.71%
90 Days	5.06%	6.77%
12 Months	27.94%	31.59%

215 Overlapping Holdings

Symbol	Grade	Weight in CRBN	Weight in EFIV	Overlap
A	F	0.05%	0.11%	0.05%
AAPL	C	4.25%	9.52%	4.25%
ABBV	F	0.51%	1.0%	0.51%
ABT	C	0.08%	0.57%	0.08%
ACGL	C	0.07%	0.11%	0.07%
ACN	B	0.29%	0.63%	0.29%
ADBE	C	0.27%	0.63%	0.27%
ADP	A	0.24%	0.35%	0.24%
ADSK	B	0.06%	0.18%	0.06%
AFL	C	0.17%	0.15%	0.15%
AIG	B	0.05%	0.14%	0.05%
AIZ	A	0.01%	0.03%	0.01%
AJG	A	0.03%	0.18%	0.03%
AKAM	F	0.06%	0.04%	0.04%
ALB	C	0.01%	0.03%	0.01%
ALL	B	0.03%	0.14%	0.03%
ALLE	D	0.03%	0.03%	0.03%
AMAT	F	0.12%	0.44%	0.12%
AMD	F	0.32%	0.66%	0.32%
AME	A	0.31%	0.12%	0.12%
AMGN	F	0.26%	0.49%	0.26%
AMP	A	0.05%	0.16%	0.05%
AMT	F	0.13%	0.26%	0.13%
AON	B	0.1%	0.23%	0.1%
ARE	F	0.01%	0.05%	0.01%
AVB	B	0.04%	0.09%	0.04%
AWK	D	0.2%	0.07%	0.07%
AXON	B	0.24%	0.09%	0.09%
AXP	B	0.24%	0.47%	0.24%
BAC	A	0.39%	0.86%	0.39%
BAX	F	0.0%	0.05%	0.0%
BDX	F	0.1%	0.19%	0.1%
BEN	C	0.0%	0.02%	0.0%
BIIB	F	0.03%	0.07%	0.03%
BK	B	0.12%	0.16%	0.12%
BKR	B	0.38%	0.12%	0.12%
BMY	B	0.22%	0.32%	0.22%
BR	A	0.07%	0.07%	0.07%
BSX	A	0.19%	0.36%	0.19%
BXP	D	0.03%	0.03%	0.03%
C	B	0.23%	0.37%	0.23%
CB	C	0.23%	0.3%	0.23%
CBOE	D	0.03%	0.06%	0.03%
CFG	B	0.03%	0.06%	0.03%
CI	D	0.11%	0.25%	0.11%
CL	F	0.13%	0.21%	0.13%
CMCSA	B	0.29%	0.49%	0.29%
CME	B	0.12%	0.22%	0.12%
CMG	B	0.13%	0.22%	0.13%
CNC	F	0.01%	0.09%	0.01%
COF	B	0.08%	0.21%	0.08%
COST	B	0.28%	1.12%	0.28%
CPAY	A	0.06%	0.07%	0.06%
CRL	C	0.01%	0.03%	0.01%
CRM	B	0.37%	0.84%	0.37%
CSCO	A	0.42%	0.66%	0.42%
CSGP	F	0.04%	0.09%	0.04%
CSX	B	0.13%	0.2%	0.13%
CTAS	B	0.16%	0.21%	0.16%
CTVA	C	0.12%	0.12%	0.12%
CVS	F	0.04%	0.22%	0.04%
DAY	B	0.03%	0.04%	0.03%
DE	D	0.04%	0.29%	0.04%
DECK	B	0.03%	0.07%	0.03%
DFS	B	0.06%	0.13%	0.06%
DGX	B	0.06%	0.05%	0.05%
DHR	F	0.23%	0.45%	0.23%
DIS	B	0.23%	0.5%	0.23%
DLR	C	0.06%	0.15%	0.06%
DOC	C	0.01%	0.04%	0.01%
DVA	C	0.03%	0.02%	0.02%
EA	A	0.08%	0.11%	0.08%
EBAY	C	0.1%	0.08%	0.08%
ECL	C	0.17%	0.17%	0.17%
ED	D	0.06%	0.1%	0.06%
EG	D	0.02%	0.04%	0.02%
EIX	C	0.2%	0.09%	0.09%
EL	F	0.04%	0.04%	0.04%
ELV	F	0.13%	0.28%	0.13%
EMR	A	0.05%	0.2%	0.05%
EQIX	B	0.11%	0.24%	0.11%
EQR	C	0.03%	0.07%	0.03%
ES	D	0.11%	0.06%	0.06%
ETN	B	0.19%	0.4%	0.19%
EW	F	0.06%	0.11%	0.06%
EXC	C	0.03%	0.11%	0.03%
EXR	D	0.05%	0.1%	0.05%
FCX	F	0.23%	0.19%	0.19%
FI	A	0.23%	0.34%	0.23%
FIS	B	0.08%	0.13%	0.08%
FITB	A	0.02%	0.09%	0.02%
FTV	C	0.16%	0.07%	0.07%
GILD	B	0.2%	0.32%	0.2%
GIS	F	0.01%	0.1%	0.01%
GOOG	C	1.11%	2.41%	1.11%
GOOGL	C	1.39%	2.91%	1.39%
GPN	B	0.07%	0.08%	0.07%
GS	B	0.28%	0.53%	0.28%
GWW	B	0.04%	0.15%	0.04%
HAL	C	0.43%	0.08%	0.08%
HD	B	0.56%	1.08%	0.56%
HIG	C	0.06%	0.1%	0.06%
HLT	A	0.09%	0.17%	0.09%
HST	D	0.05%	0.04%	0.04%
HSY	F	0.04%	0.07%	0.04%
HUBB	C	0.11%	0.07%	0.07%
HUM	D	0.04%	0.1%	0.04%
ICE	C	0.11%	0.25%	0.11%
IDXX	F	0.06%	0.1%	0.06%
IEX	B	0.16%	0.05%	0.05%
INTC	C	0.16%	0.3%	0.16%
IPG	F	0.01%	0.03%	0.01%
IR	A	0.23%	0.12%	0.12%
IRM	D	0.06%	0.09%	0.06%
ITW	B	0.13%	0.21%	0.13%
JPM	A	0.88%	1.98%	0.88%
KDP	C	0.05%	0.1%	0.05%
KIM	A	0.01%	0.05%	0.01%
KLAC	F	0.21%	0.26%	0.21%
KO	F	0.44%	0.69%	0.44%
LIN	D	0.1%	0.63%	0.1%
LLY	F	0.81%	1.72%	0.81%
LOW	B	0.18%	0.42%	0.18%
LRCX	F	0.09%	0.28%	0.09%
LULU	B	0.06%	0.1%	0.06%
LVS	C	0.07%	0.05%	0.05%
MA	B	0.55%	1.21%	0.55%
MAR	A	0.07%	0.18%	0.07%
MAS	D	0.06%	0.05%	0.05%
MCD	C	0.43%	0.59%	0.43%
MCO	C	0.06%	0.2%	0.06%
MDLZ	F	0.09%	0.25%	0.09%
MDT	D	0.11%	0.32%	0.11%
MET	C	0.1%	0.14%	0.1%
MGM	D	0.02%	0.02%	0.02%
MKTX	C	0.01%	0.03%	0.01%
MMC	D	0.19%	0.31%	0.19%
MRK	F	0.36%	0.72%	0.36%
MRNA	F	0.01%	0.05%	0.01%
MS	A	0.19%	0.46%	0.19%
MSFT	C	3.74%	8.78%	3.74%
MTB	A	0.05%	0.1%	0.05%
MTD	F	0.04%	0.08%	0.04%
MU	D	0.14%	0.35%	0.14%
NEE	D	0.16%	0.43%	0.16%
NEM	F	0.07%	0.14%	0.07%
NKE	F	0.11%	0.25%	0.11%
NSC	B	0.08%	0.18%	0.08%
NTRS	A	0.06%	0.06%	0.06%
NVDA	A	4.69%	10.07%	4.69%
OKE	A	0.24%	0.17%	0.17%
OMC	A	0.03%	0.06%	0.03%
ON	F	0.03%	0.09%	0.03%
OTIS	D	0.12%	0.11%	0.11%
PAYX	B	0.15%	0.13%	0.13%
PEG	C	0.07%	0.12%	0.07%
PEP	D	0.21%	0.64%	0.21%
PG	C	0.6%	1.07%	0.6%
PH	A	0.12%	0.26%	0.12%
PLD	D	0.14%	0.3%	0.14%
PNC	B	0.11%	0.23%	0.11%
POOL	D	0.0%	0.04%	0.0%
PRU	B	0.03%	0.13%	0.03%
PSA	D	0.1%	0.14%	0.1%
PWR	B	0.02%	0.13%	0.02%
PYPL	A	0.12%	0.23%	0.12%
QCOM	F	0.25%	0.54%	0.25%
RCL	A	0.07%	0.15%	0.07%
REG	A	0.0%	0.03%	0.0%
REGN	F	0.12%	0.24%	0.12%
RMD	C	0.03%	0.1%	0.03%
ROK	B	0.04%	0.09%	0.04%
ROST	D	0.05%	0.13%	0.05%
RVTY	C	0.01%	0.04%	0.01%
SBAC	D	0.05%	0.07%	0.05%
SBUX	B	0.19%	0.31%	0.19%
SCHW	B	0.14%	0.32%	0.14%
SHW	A	0.13%	0.25%	0.13%
SLB	C	0.24%	0.17%	0.17%
SPGI	C	0.13%	0.44%	0.13%
SRE	B	0.01%	0.16%	0.01%
STT	B	0.05%	0.08%	0.05%
SYF	B	0.08%	0.07%	0.07%
SYK	A	0.14%	0.36%	0.14%
T	A	0.27%	0.45%	0.27%
TFC	B	0.07%	0.18%	0.07%
TFX	F	0.02%	0.03%	0.02%
TGT	C	0.05%	0.19%	0.05%
TJX	A	0.1%	0.37%	0.1%
TMUS	A	0.16%	0.32%	0.16%
TRGP	B	0.49%	0.11%	0.11%
TROW	A	0.03%	0.08%	0.03%
TRV	B	0.1%	0.16%	0.1%
TSLA	B	1.18%	2.25%	1.18%
TTWO	A	0.03%	0.08%	0.03%
UBER	F	0.19%	0.44%	0.19%
ULTA	C	0.06%	0.05%	0.05%
UNH	B	0.71%	1.55%	0.71%
UNP	D	0.23%	0.43%	0.23%
UPS	C	0.07%	0.28%	0.07%
URI	B	0.25%	0.17%	0.17%
USB	B	0.09%	0.22%	0.09%
V	A	0.67%	1.44%	0.67%
VRSK	A	0.13%	0.11%	0.11%
WAB	B	0.11%	0.1%	0.1%
WAT	B	0.02%	0.07%	0.02%
WELL	B	0.07%	0.22%	0.07%
WMB	B	0.22%	0.19%	0.19%
WMT	A	0.33%	1.02%	0.33%
WTW	A	0.05%	0.09%	0.05%
WYNN	C	0.03%	0.02%	0.02%
XYL	F	0.11%	0.08%	0.08%
YUM	B	0.05%	0.11%	0.05%
ZBH	C	0.06%	0.06%	0.06%
ZTS	D	0.11%	0.22%	0.11%

CRBN Overweight 185 Positions Relative to EFIV

Symbol	Grade	Weight
AMZN	A	2.48%
META	B	1.65%
AVGO	C	1.09%
BRK.A	B	0.63%
JNJ	D	0.56%
NFLX	A	0.46%
PM	B	0.44%
ORCL	A	0.43%
TPL	B	0.42%
MO	A	0.37%
IBM	D	0.33%
WFC	A	0.32%
TXN	B	0.28%
VZ	D	0.26%
TMO	F	0.26%
ISRG	A	0.25%
BABA	D	0.25%
INTU	A	0.23%
MUFG	A	0.23%
BKNG	A	0.23%
NOW	A	0.21%
PFE	F	0.21%
ROP	A	0.2%
APH	B	0.19%
PGR	A	0.18%
ADI	D	0.18%
SONY	C	0.18%
ANET	C	0.17%
VRTX	B	0.17%
MSI	B	0.17%
BLK	A	0.17%
RS	C	0.16%
SSNC	C	0.15%
SMFG	A	0.15%
FAST	B	0.15%
BX	A	0.14%
PANW	B	0.14%
GGG	B	0.14%
MRVL	B	0.13%
MELI	D	0.13%
PLTR	B	0.13%
GRMN	A	0.13%
NMR	B	0.12%
HCA	D	0.12%
ABNB	C	0.12%
MNST	B	0.11%
TEL	B	0.11%
SNPS	C	0.11%
KVUE	A	0.11%
KKR	B	0.11%
STZ	D	0.11%
SPG	A	0.11%
MFG	A	0.1%
LI	F	0.1%
CPRT	A	0.1%
EQH	B	0.1%
EFX	F	0.09%
VRT	B	0.09%
APO	B	0.09%
PCG	A	0.09%
VMC	B	0.09%
RPRX	F	0.09%
FFIV	B	0.09%
NXPI	F	0.09%
CDNS	B	0.09%
LNG	B	0.09%
CHTR	B	0.09%
IQV	F	0.08%
TRMB	B	0.08%
GEN	B	0.08%
DASH	A	0.08%
SNA	A	0.08%
TTD	B	0.08%
NTAP	D	0.08%
CCI	F	0.08%
VEEV	B	0.08%
TRU	D	0.07%
CRWD	B	0.07%
APP	B	0.07%
COIN	B	0.07%
IT	B	0.07%
VICI	D	0.07%
CTSH	A	0.07%
FTNT	B	0.06%
MPWR	F	0.06%
MCHP	F	0.06%
IBN	C	0.06%
WTRG	C	0.06%
PTC	B	0.06%
ODFL	B	0.06%
CHD	A	0.06%
MSTR	B	0.06%
VTRS	B	0.05%
COO	D	0.05%
PAYC	B	0.05%
LH	B	0.05%
TER	F	0.05%
FICO	B	0.05%
J	D	0.05%
FCNCA	B	0.05%
LDOS	C	0.05%
DXCM	C	0.04%
CDW	F	0.04%
FWONK	A	0.04%
WIT	B	0.04%
SNOW	C	0.04%
TEAM	B	0.04%
WDAY	B	0.04%
SQ	B	0.04%
ANSS	B	0.04%
HDB	C	0.04%
Z	B	0.04%
SOLV	C	0.04%
FSLR	F	0.04%
KEYS	C	0.04%
DG	F	0.04%
CEG	D	0.04%
AZPN	A	0.03%
ACM	B	0.03%
ALGN	D	0.03%
BIDU	F	0.03%
DDOG	B	0.03%
BAH	C	0.03%
DKNG	B	0.03%
MBAVU	C	0.03%
PSTG	D	0.03%
L	A	0.03%
UTHR	B	0.03%
WST	B	0.03%
VLTO	D	0.03%
DLTR	F	0.03%
RIVN	F	0.03%
ROL	C	0.03%
STE	D	0.03%
CHT	D	0.03%
EPAM	B	0.02%
GDDY	B	0.02%
SMCI	F	0.02%
SNAP	C	0.02%
INVH	D	0.02%
TDG	D	0.02%
ENTG	F	0.02%
BRO	B	0.02%
TCOM	C	0.02%
PINS	F	0.02%
ILMN	C	0.02%
VRSN	C	0.02%
HOOD	B	0.02%
NDSN	B	0.02%
FNF	C	0.02%
WRB	B	0.02%
GLPI	D	0.02%
ROKU	C	0.01%
MKL	A	0.01%
WBD	B	0.01%
SWKS	F	0.01%
EXAS	F	0.01%
PODD	B	0.01%
MNSO	D	0.01%
DOCU	B	0.01%
RBLX	B	0.01%
TOST	A	0.01%
CELH	F	0.01%
ESS	C	0.01%
BBWI	C	0.01%
NIO	F	0.01%
MTCH	F	0.01%
TYL	B	0.01%
ERIE	F	0.01%
AFG	A	0.01%
NET	B	0.01%
O	D	0.01%
TW	B	0.01%
OKTA	C	0.01%
MDB	C	0.01%
HUBS	B	0.01%
XPEV	C	0.01%
ENPH	F	0.01%
ZM	B	0.01%
NLY	C	0.01%
TME	F	0.0%
CINF	A	0.0%
IOT	B	0.0%
CTLT	D	0.0%
DRI	B	0.0%

CRBN Underweight 97 Positions Relative to EFIV

Symbol	Grade	Weight
XOM	B	-1.51%
CVX	A	-0.75%
CAT	B	-0.57%
GE	D	-0.55%
TT	B	-0.25%
WM	A	-0.22%
APD	B	-0.19%
CARR	C	-0.18%
PCAR	B	-0.17%
GM	B	-0.17%
MPC	D	-0.15%
PSX	C	-0.15%
JCI	A	-0.15%
CMI	A	-0.14%
DHI	D	-0.14%
KMI	B	-0.14%
MSCI	B	-0.13%
RSG	B	-0.12%
COR	B	-0.12%
VLO	C	-0.12%
SYY	D	-0.11%
CBRE	B	-0.11%
HES	B	-0.11%
KR	A	-0.11%
DAL	A	-0.11%
DOW	F	-0.1%
FANG	C	-0.1%
OXY	F	-0.1%
HPQ	B	-0.1%
ETR	B	-0.09%
TSCO	D	-0.09%
NDAQ	B	-0.09%
PHM	D	-0.08%
HPE	B	-0.08%
DOV	A	-0.08%
CAH	B	-0.08%
PPG	F	-0.08%
KHC	F	-0.08%
RJF	A	-0.08%
EQT	B	-0.07%
RF	A	-0.07%
CCL	B	-0.07%
DVN	F	-0.07%
HBAN	A	-0.07%
ADM	F	-0.07%
VTR	C	-0.07%
SW	B	-0.07%
EXPE	B	-0.06%
K	A	-0.06%
IFF	F	-0.06%
LYB	F	-0.06%
WDC	D	-0.06%
WY	F	-0.06%
AVY	F	-0.05%
TSN	B	-0.05%
GPC	D	-0.05%
PNR	A	-0.05%
BBY	C	-0.05%
FDS	A	-0.05%
BALL	D	-0.05%
PFG	C	-0.05%
KEY	B	-0.05%
HOLX	D	-0.05%
MKC	D	-0.05%
CHRW	A	-0.04%
INCY	B	-0.04%
UDR	C	-0.04%
JKHY	C	-0.04%
CAG	F	-0.04%
SWK	F	-0.04%
APTV	F	-0.04%
AMCR	D	-0.04%
CF	B	-0.04%
JBHT	C	-0.04%
HRL	F	-0.03%
CPB	F	-0.03%
TAP	B	-0.03%
LKQ	C	-0.03%
GL	B	-0.03%
NWSA	B	-0.03%
LW	B	-0.03%
TPR	A	-0.03%
KMX	B	-0.03%
NCLH	B	-0.03%
SJM	F	-0.03%
WBA	D	-0.02%
PARA	B	-0.02%
FMC	F	-0.02%
MHK	D	-0.02%
BWA	B	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
IVZ	B	-0.02%
FRT	B	-0.02%
CZR	F	-0.02%
MOS	D	-0.02%
NWS	B	-0.01%