DTD vs. NZAC ETF Comparison

Comparison of WisdomTree Total Dividend Fund (DTD) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

DTD

WisdomTree Total Dividend Fund

DTD Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index. The fund invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The WisdomTree Dividend Index is a fundamentally-weighted index that defines the dividend-paying portion of the U.S. stock market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.89

Average Daily Volume

21,384

Number of Holdings ^*

811

* 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

$37.32

Average Daily Volume

6,937

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	DTD	NZAC
30 Days	3.20%	0.97%
60 Days	5.00%	0.81%
90 Days	6.93%	2.64%
12 Months	31.64%	25.98%

215 Overlapping Holdings

	Symbol	Grade	Weight in DTD	Weight in NZAC	Overlap
	A	D	0.03%	0.06%	0.03%
	AAPL	C	3.03%	4.47%	3.03%
	ABBV	D	1.97%	0.34%	0.34%
	ABBV	D	1.97%	0.6%	0.6%
	ABT	B	0.42%	0.19%	0.19%
	ACM	A	0.02%	0.36%	0.02%
	ADI	D	0.21%	0.46%	0.21%
	ADP	B	0.34%	0.2%	0.2%
	AFG	A	0.03%	0.07%	0.03%
	AFL	B	0.26%	0.28%	0.26%
	AIG	B	0.13%	0.14%	0.13%
	AIZ	A	0.03%	0.09%	0.03%
	AJG	B	0.07%	0.07%	0.07%
	ALB	C	0.02%	0.01%	0.01%
	ALL	A	0.15%	0.14%	0.14%
	ALLY	C	0.05%	0.02%	0.02%
	AMAT	F	0.14%	0.12%	0.12%
	AME	A	0.05%	0.16%	0.05%
	AMGN	D	0.55%	0.21%	0.21%
	AMP	A	0.14%	0.16%	0.14%
	AMT	D	0.27%	0.11%	0.11%
	APH	A	0.15%	0.11%	0.11%
	APO	B	0.2%	0.17%	0.17%
	AVB	B	0.16%	0.12%	0.12%
	AVGO	D	2.39%	1.1%	1.1%
	AXP	A	0.32%	0.36%	0.32%
	BAC	A	1.22%	0.44%	0.44%
	BAH	F	0.04%	0.03%	0.03%
	BBWI	D	0.02%	0.01%	0.01%
	BDX	F	0.12%	0.11%	0.11%
	BK	A	0.23%	0.13%	0.13%
	BKNG	A	0.3%	0.24%	0.24%
	BLK	C	0.43%	0.27%	0.27%
	BMY	B	0.57%	0.24%	0.24%
	BR	A	0.07%	0.08%	0.07%
	BRO	B	0.04%	0.05%	0.04%
	BX	A	0.39%	0.19%	0.19%
	C	A	0.63%	0.01%	0.01%
	CARR	D	0.1%	0.03%	0.03%
	CBOE	B	0.05%	0.03%	0.03%
	CCI	D	0.22%	0.07%	0.07%
	CDW	F	0.03%	0.13%	0.03%
	CEG	D	0.08%	0.04%	0.04%
	CG	A	0.08%	0.02%	0.02%
	CHD	B	0.04%	0.1%	0.04%
	CINF	A	0.08%	0.07%	0.07%
	CLX	B	0.07%	0.01%	0.01%
	CMCSA	B	0.88%	0.25%	0.25%
	CME	A	0.19%	0.12%	0.12%
	COF	B	0.16%	0.14%	0.14%
	CRM	B	0.25%	0.42%	0.25%
	CSCO	B	1.3%	0.4%	0.4%
	CSX	B	0.11%	0.09%	0.09%
	CTAS	B	0.15%	0.04%	0.04%
	CTSH	B	0.08%	0.08%	0.08%
	DE	A	0.18%	0.14%	0.14%
	DFS	B	0.13%	0.09%	0.09%
	DGX	A	0.04%	0.02%	0.02%
	DHI	D	0.06%	0.06%	0.06%
	DHR	F	0.14%	0.19%	0.14%
	DIS	B	0.17%	0.29%	0.17%
	DLR	B	0.17%	0.39%	0.17%
	EA	A	0.04%	0.01%	0.01%
	EBAY	D	0.09%	0.14%	0.09%
	ECL	D	0.13%	0.06%	0.06%
	EFX	F	0.03%	0.03%	0.03%
	EIX	B	0.15%	0.81%	0.15%
	ELV	F	0.13%	0.17%	0.13%
	EQH	B	0.05%	0.1%	0.05%
	EQIX	A	0.16%	0.33%	0.16%
	EQR	B	0.1%	0.07%	0.07%
	ERIE	D	0.04%	0.03%	0.03%
	ESS	B	0.06%	0.1%	0.06%
	EXR	D	0.15%	0.04%	0.04%
	FAST	B	0.19%	0.17%	0.17%
	FDS	B	0.02%	0.01%	0.01%
	FIS	C	0.21%	0.07%	0.07%
	FOX	A	0.05%	0.03%	0.03%
	FTV	C	0.03%	0.09%	0.03%
	GILD	C	0.47%	0.06%	0.06%
	GIS	D	0.16%	0.08%	0.08%
	GLW	B	0.17%	0.19%	0.17%
	GOOG	C	0.57%	1.45%	0.57%
	GOOGL	C	0.87%	1.03%	0.87%
	GPN	B	0.03%	0.05%	0.03%
	GS	A	0.69%	0.06%	0.06%
	GWW	B	0.1%	0.21%	0.1%
	HBAN	A	0.13%	0.02%	0.02%
	HD	A	1.78%	0.58%	0.58%
	HEI	B	0.03%	0.02%	0.02%
	HIG	B	0.13%	0.12%	0.12%
	HLT	A	0.06%	0.02%	0.02%
	HPE	B	0.08%	0.16%	0.08%
	HSY	F	0.08%	0.05%	0.05%
	HUM	C	0.03%	0.06%	0.03%
	IBM	C	1.21%	0.6%	0.6%
	ICE	C	0.21%	0.13%	0.13%
	IEX	B	0.02%	0.04%	0.02%
	INTU	C	0.17%	0.31%	0.17%
	IPG	D	0.06%	0.01%	0.01%
	IRM	D	0.11%	0.06%	0.06%
	ITW	B	0.31%	0.33%	0.31%
	JKHY	D	0.02%	0.01%	0.01%
	JNJ	D	1.83%	0.62%	0.62%
	JNPR	F	0.05%	0.13%	0.05%
	JPM	A	3.09%	1.09%	1.09%
	KDP	D	0.14%	0.08%	0.08%
	KKR	A	0.13%	0.13%	0.13%
	KLAC	D	0.1%	0.15%	0.1%
	KVUE	A	0.19%	0.01%	0.01%
	LEN	D	0.06%	0.06%	0.06%
	LH	C	0.03%	0.02%	0.02%
	LKQ	D	0.03%	0.03%	0.03%
	LLY	F	0.63%	0.94%	0.63%
	LOW	D	0.57%	0.25%	0.25%
	LRCX	F	0.12%	0.1%	0.1%
	MA	C	0.45%	0.65%	0.45%
	MAR	B	0.15%	0.02%	0.02%
	MAS	D	0.05%	0.01%	0.01%
	MCD	D	0.83%	0.36%	0.36%
	MCO	B	0.11%	0.22%	0.11%
	MET	A	0.22%	0.21%	0.21%
	META	D	0.92%	1.62%	0.92%
	MKC	D	0.06%	0.01%	0.01%
	MKTX	D	0.01%	0.01%	0.01%
	MMC	B	0.25%	0.2%	0.2%
	MRK	F	0.79%	0.47%	0.47%
	MS	A	1.03%	0.26%	0.26%
	MSFT	F	2.78%	4.03%	2.78%
	MSI	B	0.15%	0.27%	0.15%
	MTB	A	0.16%	0.1%	0.1%
	MU	D	0.08%	0.09%	0.08%
	NDAQ	A	0.07%	0.04%	0.04%
	NKE	D	0.14%	0.11%	0.11%
	NSC	B	0.16%	0.04%	0.04%
	NTAP	C	0.08%	0.06%	0.06%
	NTRS	A	0.09%	0.05%	0.05%
	NVDA	C	2.38%	4.67%	2.38%
	O	D	0.25%	0.07%	0.07%
	ODFL	B	0.04%	0.02%	0.02%
	OMC	C	0.08%	0.03%	0.03%
	ORCL	B	0.74%	0.59%	0.59%
	PAYC	B	0.01%	0.01%	0.01%
	PAYX	C	0.25%	0.08%	0.08%
	PCAR	B	0.29%	0.06%	0.06%
	PGR	A	0.13%	0.22%	0.13%
	PH	A	0.2%	0.25%	0.2%
	PHM	D	0.05%	0.04%	0.04%
	PLD	D	0.33%	0.21%	0.21%
	PNC	B	0.39%	0.19%	0.19%
	POOL	C	0.02%	0.02%	0.02%
	PPG	F	0.08%	0.11%	0.08%
	PRU	A	0.25%	0.15%	0.15%
	PSA	D	0.25%	0.11%	0.11%
	PWR	A	0.04%	0.24%	0.04%
	QCOM	F	0.42%	0.26%	0.26%
	REG	B	0.02%	0.08%	0.02%
	RF	A	0.15%	0.07%	0.07%
	RJF	A	0.06%	0.04%	0.04%
	RMD	C	0.04%	0.07%	0.04%
	ROK	B	0.06%	0.08%	0.06%
	ROL	B	0.04%	0.02%	0.02%
	ROP	B	0.05%	0.02%	0.02%
	ROST	C	0.06%	0.09%	0.06%
	RS	B	0.05%	0.08%	0.05%
	SBAC	D	0.02%	0.03%	0.02%
	SBUX	A	0.31%	0.15%	0.15%
	SCHW	B	0.23%	0.19%	0.19%
	SEIC	B	0.02%	0.02%	0.02%
	SHW	A	0.13%	0.56%	0.13%
	SNA	A	0.08%	0.02%	0.02%
	SPG	B	0.4%	0.15%	0.15%
	SPGI	C	0.16%	0.38%	0.16%
	STLD	B	0.04%	0.01%	0.01%
	STT	A	0.13%	0.02%	0.02%
	STZ	D	0.11%	0.03%	0.03%
	SUI	D	0.03%	0.01%	0.01%
	SWKS	F	0.04%	0.01%	0.01%
	SYF	B	0.09%	0.09%	0.09%
	SYK	C	0.24%	0.25%	0.24%
	TECH	D	0.01%	0.01%	0.01%
	TER	D	0.01%	0.03%	0.01%
	TGT	F	0.25%	0.02%	0.02%
	TJX	A	0.35%	0.36%	0.35%
	TMO	F	0.16%	0.32%	0.16%
	TMUS	B	0.76%	0.13%	0.13%
	TROW	B	0.13%	0.05%	0.05%
	TRV	B	0.15%	0.15%	0.15%
	TW	A	0.02%	0.02%	0.02%
	TXN	C	0.65%	0.27%	0.27%
	UNH	C	1.24%	0.77%	0.77%
	UNP	C	0.37%	0.21%	0.21%
	UPS	C	0.43%	0.07%	0.07%
	URI	B	0.08%	0.05%	0.05%
	USB	A	0.42%	0.12%	0.12%
	V	A	0.67%	0.75%	0.67%
	VICI	C	0.25%	0.03%	0.03%
	VLTO	D	0.01%	0.03%	0.01%
	VMC	B	0.05%	0.02%	0.02%
	VRSK	A	0.04%	0.05%	0.04%
	VRT	B	0.03%	0.02%	0.02%
	VTR	C	0.08%	0.06%	0.06%
	WAB	B	0.04%	0.08%	0.04%
	WELL	A	0.19%	0.15%	0.15%
	WFC	A	0.9%	0.25%	0.25%
	WM	A	0.24%	0.1%	0.1%
	WMT	A	1.61%	0.35%	0.35%
	WPC	D	0.06%	0.01%	0.01%
	WRB	A	0.07%	0.07%	0.07%
	WST	C	0.03%	0.02%	0.02%
	XRX	F	0.01%	0.03%	0.01%
	XYL	D	0.04%	0.36%	0.04%
	YUM	B	0.11%	0.07%	0.07%
	ZBH	C	0.02%	0.05%	0.02%
	ZTS	D	0.12%	0.16%	0.12%

DTD Overweight 597 Positions Relative to NZAC

	Symbol	Grade	Weight
	XOM	B	2.48%
	PG	A	1.61%
	CVX	A	1.51%
	KO	D	1.4%
	PM	B	1.16%
	PEP	F	1.12%
	MO	A	0.7%
	RTX	C	0.56%
	HON	B	0.53%
	LMT	D	0.45%
	CAT	B	0.45%
	COST	B	0.44%
	SO	D	0.41%
	EOG	A	0.41%
	DUK	C	0.39%
	OKE	A	0.38%
	MDLZ	F	0.37%
	WMB	A	0.35%
	D	C	0.32%
	COP	C	0.32%
	CL	D	0.3%
	PEG	A	0.26%
	KMB	D	0.26%
	CVS	D	0.25%
	AEP	D	0.24%
	XEL	A	0.22%
	ETR	B	0.22%
	MPC	D	0.22%
	KHC	F	0.21%
	CI	F	0.21%
	PSX	C	0.2%
	GD	F	0.2%
	SRE	A	0.2%
	ED	D	0.19%
	APD	A	0.19%
	DOW	F	0.19%
	EMR	A	0.19%
	VST	B	0.18%
	VLO	C	0.17%
	CMI	A	0.17%
	SYY	B	0.17%
	FITB	A	0.16%
	FDX	B	0.16%
	GE	D	0.16%
	KR	B	0.16%
	HPQ	B	0.15%
	EXC	C	0.15%
	NOC	D	0.14%
	K	A	0.13%
	AEE	A	0.12%
	BKR	B	0.12%
	LHX	C	0.12%
	HCA	F	0.11%
	BBY	D	0.11%
	GM	B	0.11%
	TRGP	B	0.11%
	PKG	A	0.11%
	WEC	A	0.11%
	ES	D	0.11%
	FE	C	0.11%
	DRI	B	0.11%
	PPL	B	0.1%
	CRBG	B	0.1%
	ATO	A	0.1%
	IP	B	0.1%
	RSG	A	0.1%
	ARES	A	0.1%
	OTIS	C	0.1%
	DD	D	0.09%
	PFG	D	0.09%
	VTRS	A	0.09%
	DTE	C	0.09%
	FANG	D	0.09%
	PNW	B	0.08%
	ADM	D	0.08%
	MCK	B	0.08%
	TSCO	D	0.08%
	TSN	B	0.08%
	LVS	C	0.08%
	LNG	B	0.08%
	EVRG	A	0.08%
	HRL	D	0.07%
	CAG	D	0.07%
	JEF	A	0.07%
	CMS	C	0.07%
	ORI	A	0.07%
	CAH	B	0.07%
	OXY	D	0.07%
	COR	B	0.07%
	NRG	B	0.07%
	ARE	D	0.07%
	EQT	B	0.07%
	MCHP	D	0.07%
	FNF	B	0.07%
	JXN	C	0.06%
	GPC	D	0.06%
	TPR	B	0.06%
	CUBE	D	0.06%
	DOV	A	0.06%
	AWK	D	0.06%
	WSO	A	0.06%
	OGE	B	0.06%
	LAMR	D	0.06%
	BEN	C	0.06%
	UNM	A	0.06%
	LUV	C	0.06%
	TXRH	C	0.06%
	CMA	A	0.06%
	LNT	A	0.06%
	RGA	A	0.06%
	MAA	B	0.06%
	GLPI	C	0.06%
	NI	A	0.06%
	HES	B	0.06%
	AM	A	0.06%
	EWBC	A	0.06%
	DELL	C	0.06%
	INVH	D	0.05%
	LNC	B	0.05%
	SJM	D	0.05%
	HRB	D	0.05%
	UDR	B	0.05%
	LII	A	0.05%
	WBS	A	0.05%
	INGR	B	0.05%
	GEN	B	0.05%
	KIM	A	0.05%
	IR	B	0.05%
	EVR	B	0.05%
	HUBB	B	0.05%
	OMF	A	0.05%
	HAL	C	0.05%
	DAL	C	0.05%
	CPB	D	0.05%
	SWK	D	0.05%
	EMN	D	0.05%
	CNA	B	0.05%
	WSM	B	0.05%
	DTM	B	0.05%
	OWL	A	0.05%
	NUE	C	0.05%
	UI	A	0.05%
	CNP	B	0.05%
	MSCI	C	0.05%
	ASB	B	0.04%
	AIT	A	0.04%
	MRO	B	0.04%
	HST	C	0.04%
	VLY	B	0.04%
	PCG	A	0.04%
	MLI	C	0.04%
	RPM	A	0.04%
	ACI	C	0.04%
	CFR	B	0.04%
	BKH	A	0.04%
	CIVI	D	0.04%
	RDN	C	0.04%
	MTG	C	0.04%
	OC	A	0.04%
	CSL	C	0.04%
	CF	B	0.04%
	HLI	B	0.04%
	CHRW	C	0.04%
	ITT	A	0.04%
	FRT	B	0.04%
	TPL	A	0.04%
	ZION	B	0.04%
	OVV	B	0.04%
	TAP	C	0.04%
	NWE	B	0.04%
	DKS	C	0.04%
	HWM	A	0.04%
	NNN	D	0.04%
	FHB	A	0.04%
	BRX	A	0.04%
	CHRD	D	0.04%
	FNB	A	0.04%
	SW	A	0.04%
	LDOS	C	0.04%
	MLM	B	0.04%
	WY	D	0.04%
	SNV	B	0.04%
	LPLA	A	0.03%
	KTB	B	0.03%
	QCRH	A	0.03%
	RUSHA	C	0.03%
	WLK	D	0.03%
	WH	B	0.03%
	KBH	D	0.03%
	ATR	B	0.03%
	TNL	A	0.03%
	SMG	D	0.03%
	NXST	C	0.03%
	SASR	B	0.03%
	CNS	B	0.03%
	PNM	F	0.03%
	CPT	B	0.03%
	MPWR	F	0.03%
	BOKF	B	0.03%
	SAIC	F	0.03%
	NWSA	B	0.03%
	ACT	D	0.03%
	CNO	A	0.03%
	TMP	B	0.03%
	BANF	B	0.03%
	OFG	B	0.03%
	CBT	C	0.03%
	EHC	B	0.03%
	MSM	C	0.03%
	SR	A	0.03%
	GPK	C	0.03%
	SON	D	0.03%
	FCNCA	A	0.03%
	CATY	B	0.03%
	AUB	B	0.03%
	AVY	D	0.03%
	ALE	A	0.03%
	HLNE	B	0.03%
	GAP	C	0.03%
	DCI	B	0.03%
	JWN	C	0.03%
	WEN	D	0.03%
	POR	C	0.03%
	FLO	D	0.03%
	DPZ	C	0.03%
	OGN	D	0.03%
	SCI	B	0.03%
	WSBC	A	0.03%
	OGS	A	0.03%
	BWXT	B	0.03%
	VCTR	B	0.03%
	OZK	B	0.03%
	WU	D	0.03%
	R	B	0.03%
	FBP	B	0.03%
	DINO	D	0.03%
	PATK	D	0.03%
	FAF	A	0.03%
	COLB	A	0.03%
	CCOI	B	0.03%
	MTN	C	0.03%
	FLS	B	0.03%
	SFNC	B	0.03%
	GEHC	F	0.03%
	WTRG	B	0.03%
	BALL	D	0.03%
	SF	B	0.03%
	MC	C	0.03%
	AWR	B	0.03%
	FIBK	A	0.03%
	WAL	B	0.03%
	NFG	A	0.03%
	HOMB	A	0.03%
	PB	A	0.03%
	TFSL	A	0.03%
	LECO	B	0.03%
	AROC	B	0.03%
	SIRI	C	0.03%
	AVA	A	0.03%
	PFS	B	0.03%
	UGI	A	0.03%
	PAG	B	0.03%
	BPOP	B	0.03%
	ALSN	B	0.03%
	EXPD	D	0.03%
	RL	B	0.03%
	SSNC	B	0.03%
	PRI	A	0.03%
	BANR	B	0.03%
	KMPR	B	0.02%
	EGBN	B	0.02%
	HTH	B	0.02%
	TTEK	F	0.02%
	TPX	B	0.02%
	THG	A	0.02%
	FR	C	0.02%
	ZWS	B	0.02%
	SSD	D	0.02%
	M	D	0.02%
	HTLF	B	0.02%
	RRC	B	0.02%
	PR	B	0.02%
	UMBF	B	0.02%
	FRME	B	0.02%
	CRI	D	0.02%
	IOSP	B	0.02%
	CWEN	C	0.02%
	BERY	B	0.02%
	BANC	A	0.02%
	STEP	B	0.02%
	UVSP	B	0.02%
	MGEE	C	0.02%
	BFH	B	0.02%
	VAC	B	0.02%
	BC	C	0.02%
	WAFD	B	0.02%
	MDU	D	0.02%
	HUN	F	0.02%
	SPB	C	0.02%
	BNL	D	0.02%
	RNST	B	0.02%
	TKO	B	0.02%
	WHD	B	0.02%
	ARMK	B	0.02%
	TDS	B	0.02%
	SEM	B	0.02%
	HWC	B	0.02%
	SYBT	B	0.02%
	MRTN	C	0.02%
	OTTR	C	0.02%
	KFY	B	0.02%
	NSA	D	0.02%
	UPBD	B	0.02%
	JBL	B	0.02%
	NYT	C	0.02%
	IBTX	B	0.02%
	CCS	D	0.02%
	BRC	D	0.02%
	AL	B	0.02%
	WSFS	A	0.02%
	GNTX	C	0.02%
	BKE	B	0.02%
	BWA	D	0.02%
	NEU	C	0.02%
	MOS	F	0.02%
	STC	B	0.02%
	BYD	C	0.02%
	LAD	A	0.02%
	APOG	B	0.02%
	WWD	B	0.02%
	FCPT	C	0.02%
	MCY	A	0.02%
	NDSN	B	0.02%
	MGY	A	0.02%
	TXT	D	0.02%
	EPR	D	0.02%
	IPAR	B	0.02%
	ADTN	A	0.02%
	OSK	B	0.02%
	IBKR	A	0.02%
	LW	C	0.02%
	AMH	D	0.02%
	UBSI	B	0.02%
	UHS	D	0.02%
	VIRT	B	0.02%
	NBHC	B	0.02%
	HNI	B	0.02%
	RHP	B	0.02%
	PINC	B	0.02%
	RHI	B	0.02%
	CMC	B	0.02%
	FCF	A	0.02%
	SBRA	C	0.02%
	CRC	B	0.02%
	LCII	C	0.02%
	MATX	C	0.02%
	EXP	A	0.02%
	MUR	D	0.02%
	CAKE	C	0.02%
	IDA	A	0.02%
	VRTS	B	0.02%
	RRX	B	0.02%
	PEBO	A	0.02%
	MWA	B	0.02%
	BRKL	B	0.02%
	FFBC	A	0.02%
	PII	D	0.02%
	LPX	B	0.02%
	OCFC	B	0.02%
	TRMK	B	0.02%
	KMT	B	0.02%
	RGLD	C	0.02%
	FBIN	D	0.02%
	THO	B	0.02%
	ELS	C	0.02%
	TTC	D	0.02%
	CE	F	0.02%
	HAFC	A	0.02%
	LSTR	D	0.02%
	LANC	C	0.02%
	STAG	F	0.02%
	GTY	B	0.02%
	KNTK	B	0.02%
	SLM	A	0.02%
	FULT	A	0.02%
	HRI	B	0.02%
	JBHT	C	0.02%
	IDCC	A	0.02%
	VOYA	B	0.02%
	BUSE	B	0.02%
	UFPI	B	0.02%
	CASY	A	0.02%
	SSB	B	0.02%
	ESI	A	0.02%
	CVBF	A	0.02%
	IBOC	A	0.02%
	STBA	B	0.02%
	CBU	B	0.02%
	SWX	B	0.02%
	PRGS	A	0.02%
	CBSH	A	0.02%
	TPG	A	0.02%
	TRST	A	0.02%
	J	F	0.02%
	TKR	D	0.02%
	AVNT	B	0.02%
	APA	D	0.02%
	REYN	D	0.02%
	HII	D	0.02%
	CADE	B	0.02%
	ONB	B	0.02%
	NJR	A	0.02%
	TRN	C	0.02%
	GEF	A	0.02%
	GBCI	B	0.02%
	NOG	A	0.02%
	AOS	F	0.02%
	GGG	B	0.02%
	FBMS	B	0.02%
	AVT	C	0.02%
	AWI	A	0.02%
	IIPR	D	0.01%
	CHCO	B	0.01%
	DAN	D	0.01%
	CNXC	F	0.01%
	DK	C	0.01%
	HI	C	0.01%
	TEX	D	0.01%
	AESI	B	0.01%
	IRDM	D	0.01%
	IBP	D	0.01%
	LZB	B	0.01%
	COLD	D	0.01%
	COKE	C	0.01%
	WMG	C	0.01%
	BMI	B	0.01%
	VSH	D	0.01%
	DLB	B	0.01%
	LXP	D	0.01%
	WOR	F	0.01%
	GES	F	0.01%
	MLKN	D	0.01%
	PCH	D	0.01%
	CABO	C	0.01%
	TOL	B	0.01%
	OXM	D	0.01%
	SCL	C	0.01%
	ENS	D	0.01%
	WINA	B	0.01%
	BRKR	D	0.01%
	MUSA	A	0.01%
	BLMN	F	0.01%
	SCS	C	0.01%
	KNSL	B	0.01%
	HXL	D	0.01%
	LEVI	F	0.01%
	LBRT	D	0.01%
	PBI	B	0.01%
	PRDO	B	0.01%
	CWEN	C	0.01%
	OLED	D	0.01%
	ASH	D	0.01%
	CHE	D	0.01%
	GBX	A	0.01%
	HOG	D	0.01%
	AGM	C	0.01%
	MCRI	A	0.01%
	DIN	C	0.01%
	AMKR	D	0.01%
	DLX	B	0.01%
	ORA	B	0.01%
	GL	B	0.01%
	CHH	A	0.01%
	WKC	D	0.01%
	KRO	D	0.01%
	GRNT	B	0.01%
	RGP	F	0.01%
	CXT	B	0.01%
	COLM	B	0.01%
	SLGN	A	0.01%
	RRR	D	0.01%
	X	C	0.01%
	EGP	F	0.01%
	HEES	B	0.01%
	SEB	F	0.01%
	SFBS	B	0.01%
	JJSF	B	0.01%
	PDCO	D	0.01%
	NAVI	C	0.01%
	PBF	D	0.01%
	ENR	B	0.01%
	KALU	C	0.01%
	PTVE	B	0.01%
	XRAY	F	0.01%
	BTU	B	0.01%
	CC	C	0.01%
	CHDN	B	0.01%
	SAFT	C	0.01%
	LEG	F	0.01%
	KRC	C	0.01%
	UTZ	D	0.01%
	MAN	D	0.01%
	MTDR	B	0.01%
	UVV	B	0.01%
	UCB	A	0.01%
	WCC	B	0.01%
	RLI	B	0.01%
	AZZ	B	0.01%
	HP	B	0.01%
	KLG	C	0.01%
	BHE	B	0.01%
	MORN	B	0.01%
	AAON	B	0.01%
	PZZA	D	0.01%
	HMN	B	0.01%
	SIGI	C	0.01%
	WERN	C	0.01%
	CRGY	B	0.01%
	EDR	A	0.01%
	KSS	F	0.01%
	FIX	A	0.01%
	MMS	F	0.01%
	BOH	B	0.01%
	AMSF	B	0.01%
	KWR	C	0.01%
	EPC	D	0.01%
	SSBK	B	0.01%
	EXPO	D	0.01%
	WMK	C	0.01%
	CHX	C	0.01%
	NSP	D	0.01%
	MSA	D	0.01%
	FG	B	0.01%
	BCO	D	0.01%
	EME	C	0.01%
	OLN	D	0.01%
	CPK	A	0.01%
	KBR	F	0.01%
	L	A	0.01%
	SRCE	B	0.01%
	SM	B	0.01%
	MKSI	C	0.01%
	STRA	C	0.01%
	BSY	D	0.01%
	ABM	B	0.01%
	GOLF	B	0.01%
	CFFN	B	0.01%
	WDFC	B	0.01%
	WWW	B	0.01%
	DNB	B	0.01%
	AGCO	D	0.01%
	ADC	B	0.01%
	VMI	B	0.01%
	PFBC	B	0.01%
	UTL	B	0.01%
	LFUS	F	0.01%
	EBC	B	0.01%
	SNDR	B	0.01%
	AEO	F	0.01%
	LEA	D	0.01%
	WGO	C	0.01%
	GATX	A	0.01%
	NOV	C	0.01%
	PHIN	A	0.01%
	PFSI	D	0.01%
	WMS	D	0.01%
	FFIN	B	0.01%
	WD	D	0.01%
	SXT	B	0.01%
	SLG	B	0.01%
	PRK	B	0.01%
	BKU	A	0.01%
	SHOO	D	0.01%
	SLVM	B	0.01%
	SKT	B	0.01%
	JBT	B	0.01%
	PTEN	C	0.01%
	SNX	C	0.01%
	WTFC	A	0.01%
	MSBI	B	0.01%
	POWL	C	0.01%
	CCK	C	0.01%
	SEE	C	0.01%
	CVI	F	0.01%
	CRS	A	0.01%
	PNFP	B	0.01%
	MAC	B	0.0%
	POWI	D	0.0%
	KW	B	0.0%
	NWS	B	0.0%
	GTN	F	0.0%
	RELL	B	0.0%
	NFE	D	0.0%
	UWMC	D	0.0%
	CWH	B	0.0%
	BGS	F	0.0%
	NUS	D	0.0%

DTD Underweight 155 Positions Relative to NZAC

	Symbol	Grade	Weight
	AMZN	C	-2.38%
	TSLA	B	-1.32%
	NFLX	A	-0.49%
	NVS	D	-0.41%
	ACN	C	-0.39%
	NOW	A	-0.39%
	BRK.A	B	-0.39%
	ADBE	C	-0.35%
	BSX	B	-0.31%
	ISRG	A	-0.31%
	ETN	A	-0.28%
	AMD	F	-0.27%
	CB	C	-0.24%
	BABA	D	-0.24%
	MDT	D	-0.23%
	PNR	A	-0.23%
	VZ	C	-0.21%
	TD	F	-0.19%
	PFE	D	-0.19%
	FI	A	-0.18%
	CBRE	B	-0.18%
	INTC	D	-0.18%
	FFIV	B	-0.18%
	T	A	-0.18%
	ORLY	B	-0.18%
	UBER	D	-0.17%
	SONY	B	-0.17%
	FSLR	F	-0.16%
	HDB	C	-0.14%
	VRTX	F	-0.14%
	PANW	C	-0.14%
	MELI	D	-0.14%
	TDG	D	-0.13%
	PYPL	B	-0.13%
	SHOP	B	-0.12%
	ACGL	D	-0.12%
	MRVL	B	-0.12%
	AON	A	-0.11%
	EW	C	-0.11%
	LI	F	-0.11%
	INFY	B	-0.11%
	AZO	C	-0.1%
	REGN	F	-0.1%
	IQV	D	-0.1%
	DEO	F	-0.1%
	TDY	B	-0.1%
	FTNT	C	-0.09%
	ADSK	A	-0.09%
	ALLE	D	-0.09%
	SCCO	F	-0.08%
	PDD	F	-0.08%
	GRMN	B	-0.08%
	LULU	C	-0.08%
	MUFG	B	-0.08%
	NEM	D	-0.08%
	BXP	D	-0.07%
	RVTY	F	-0.07%
	TRMB	B	-0.07%
	PLTR	B	-0.07%
	HSBH	B	-0.07%
	CMG	B	-0.07%
	MKL	A	-0.07%
	WIT	A	-0.07%
	WTW	B	-0.07%
	CHTR	C	-0.07%
	LIN	D	-0.07%
	MTD	D	-0.06%
	TCOM	B	-0.06%
	ANET	C	-0.06%
	AXON	A	-0.06%
	IDXX	F	-0.06%
	KEYS	A	-0.06%
	CPAY	A	-0.05%
	LYV	A	-0.05%
	ABNB	C	-0.05%
	HOLX	D	-0.05%
	TTD	B	-0.05%
	ULTA	F	-0.05%
	HSIC	B	-0.05%
	ENPH	F	-0.05%
	COIN	C	-0.04%
	ILMN	D	-0.04%
	DXCM	D	-0.04%
	FOXA	B	-0.04%
	UHAL	D	-0.04%
	BCS	C	-0.04%
	XPEV	C	-0.04%
	CPRT	A	-0.04%
	ALGN	D	-0.03%
	WDAY	B	-0.03%
	STE	F	-0.03%
	NVR	D	-0.03%
	AZN	D	-0.03%
	MNST	C	-0.03%
	AVTR	F	-0.03%
	CCEP	C	-0.03%
	EG	C	-0.03%
	VEEV	C	-0.03%
	GDDY	A	-0.03%
	BIIB	F	-0.03%
	IT	C	-0.03%
	EL	F	-0.03%
	ALNY	D	-0.03%
	BIDU	F	-0.03%
	BURL	A	-0.03%
	Z	A	-0.02%
	NIO	F	-0.02%
	ANSS	B	-0.02%
	BMRN	D	-0.02%
	RPRX	D	-0.02%
	TFX	F	-0.02%
	MOH	F	-0.02%
	CRWD	B	-0.02%
	TT	A	-0.02%
	WAT	B	-0.02%
	MSTR	C	-0.02%
	ZM	B	-0.02%
	ZBRA	B	-0.02%
	PODD	C	-0.02%
	DASH	A	-0.02%
	BCH	F	-0.02%
	ASAI	F	-0.02%
	CTLT	B	-0.02%
	BAX	D	-0.02%
	SNOW	C	-0.02%
	DLTR	F	-0.02%
	CSGP	D	-0.02%
	MMM	D	-0.02%
	SQ	B	-0.02%
	MBAVU	D	-0.01%
	SMCI	F	-0.01%
	QGEN	D	-0.01%
	EXAS	D	-0.01%
	MTCH	D	-0.01%
	WYNN	D	-0.01%
	RIVN	F	-0.01%
	NXPI	D	-0.01%
	BIO	D	-0.01%
	SNAP	C	-0.01%
	EPAM	C	-0.01%
	DOC	D	-0.01%
	MRNA	F	-0.01%
	SQ	B	-0.01%
	TRU	D	-0.01%
	NBIX	C	-0.01%
	PINS	D	-0.01%
	KB	B	-0.01%
	INCY	C	-0.01%
	VRSN	F	-0.01%
	QFIN	B	-0.01%
	DOCU	A	-0.01%
	LYG	F	-0.01%
	TEVA	D	-0.01%
	NIO	F	-0.0%
	WIT	A	-0.0%

DTD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Asset Management Oil & Gas E&P Utilities - Regulated Electric Business Services Specialty Chemicals Capital Markets Insurance - Property & Casualty Packaged Foods Packaging & Containers Credit Services REIT - Retail Restaurants Utilities - Diversified Building Materials Semiconductors Aerospace & Defense Insurance - Life REIT - Industrial

Keywords: S&P 500 Bank Banking Natural Gas Insurance Nasdaq 100 Deposit Products Electricity Real Estate Investment Trust Chemical Mining Real Estate Loans Electronics Commercial Banking Aerospace Computing Investment Management Insurance Products Commercial Bank Plastic

NZAC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Diagnostics & Research Asset Management Drug Manufacturers - Major 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 Insurance Computing Dow Jones Component Bank Medicine Banking Telecommunications Insurance Products Mobile Devices Investment Bank Electronics Financial Products Real Estate Investment Trust Work From Home Biotechnology Cloud Computing Chemical Semiconductor