ILCB vs. NZAC ETF Comparison

Comparison of iShares Morningstar U.S. Equity ETF (ILCB) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

ILCB

iShares Morningstar U.S. Equity ETF

ILCB Description

The investment seeks to track the investment results of the Morningstar US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally 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 measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar growth and value characteristics, as determined by Morningstar, Inc. (Morningstar or the index provider) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.93

Average Daily Volume

54,313

Number of Holdings ^*

614

* 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

$36.96

Average Daily Volume

14,040

Number of Holdings ^*

367

* may have additional holdings in another (foreign) market

Performance

Period	ILCB	NZAC
30 Days	2.34%	2.67%
60 Days	4.21%	5.67%
90 Days	5.00%	6.43%
12 Months	31.15%	28.86%

328 Overlapping Holdings

Symbol	Grade	Weight in ILCB	Weight in NZAC	Overlap
A	C	0.08%	0.06%	0.06%
AAPL	C	6.47%	4.47%	4.47%
ABBV	C	0.69%	0.6%	0.6%
ABBV	C	0.69%	0.4%	0.4%
ABNB	D	0.1%	0.04%	0.04%
ABT	C	0.41%	0.2%	0.2%
ACGL	C	0.08%	0.14%	0.08%
ACM	B	0.03%	0.33%	0.03%
ACN	C	0.44%	0.39%	0.39%
ADBE	F	0.48%	0.38%	0.38%
ADI	C	0.23%	0.51%	0.23%
ADP	B	0.23%	0.19%	0.19%
ADSK	C	0.11%	0.08%	0.08%
AFG	B	0.02%	0.07%	0.02%
AFL	C	0.11%	0.28%	0.11%
AIG	D	0.1%	0.14%	0.1%
AJG	D	0.13%	0.07%	0.07%
ALB	D	0.02%	0.01%	0.01%
ALGN	D	0.04%	0.03%	0.03%
ALL	B	0.1%	0.14%	0.1%
ALLE	B	0.03%	0.09%	0.03%
ALLY	F	0.02%	0.01%	0.01%
ALNY	C	0.07%	0.04%	0.04%
AMAT	D	0.31%	0.13%	0.13%
AMD	D	0.5%	0.31%	0.31%
AME	C	0.08%	0.14%	0.08%
AMGN	B	0.36%	0.25%	0.25%
AMP	A	0.09%	0.13%	0.09%
AMT	C	0.22%	0.13%	0.13%
AMZN	C	3.53%	2.21%	2.21%
ANET	B	0.19%	0.06%	0.06%
ANSS	D	0.06%	0.02%	0.02%
AON	B	0.15%	0.1%	0.1%
APH	D	0.15%	0.1%	0.1%
APO	C	0.09%	0.12%	0.09%
AVB	B	0.07%	0.13%	0.07%
AVGO	C	1.54%	1.13%	1.13%
AVTR	B	0.04%	0.04%	0.04%
AXON	B	0.05%	0.04%	0.04%
AXP	B	0.3%	0.33%	0.3%
AZO	D	0.11%	0.1%	0.1%
BAC	D	0.53%	0.36%	0.36%
BAH	C	0.04%	0.03%	0.03%
BAX	C	0.04%	0.03%	0.03%
BDX	D	0.14%	0.11%	0.11%
BIIB	F	0.06%	0.04%	0.04%
BK	B	0.1%	0.11%	0.1%
BKNG	C	0.27%	0.19%	0.19%
BLK	B	0.27%	0.24%	0.24%
BMRN	F	0.03%	0.02%	0.02%
BMY	C	0.2%	0.21%	0.2%
BR	D	0.05%	0.08%	0.05%
BRK.A	C	1.63%	0.38%	0.38%
BRO	C	0.05%	0.05%	0.05%
BSX	B	0.25%	0.3%	0.25%
BURL	B	0.04%	0.03%	0.03%
BX	B	0.22%	0.16%	0.16%
BXP	B	0.03%	0.07%	0.03%
C	D	0.22%	0.01%	0.01%
CARR	B	0.13%	0.03%	0.03%
CB	B	0.24%	0.24%	0.24%
CBRE	A	0.07%	0.17%	0.07%
CCI	C	0.1%	0.08%	0.08%
CDW	D	0.06%	0.17%	0.06%
CEG	C	0.12%	0.03%	0.03%
CG	D	0.02%	0.01%	0.01%
CHD	D	0.05%	0.1%	0.05%
CHTR	D	0.07%	0.07%	0.07%
CINF	C	0.04%	0.06%	0.04%
CLX	C	0.04%	0.01%	0.01%
CMCSA	D	0.31%	0.24%	0.24%
CME	C	0.16%	0.12%	0.12%
CMG	C	0.15%	0.07%	0.07%
COF	B	0.11%	0.11%	0.11%
COIN	F	0.06%	0.02%	0.02%
CPAY	B	0.04%	0.04%	0.04%
CPRT	D	0.09%	0.04%	0.04%
CRM	D	0.48%	0.33%	0.33%
CRWD	D	0.12%	0.01%	0.01%
CSCO	C	0.4%	0.35%	0.35%
CSGP	D	0.06%	0.03%	0.03%
CSX	D	0.13%	0.09%	0.09%
CTAS	B	0.15%	0.04%	0.04%
CTSH	C	0.08%	0.08%	0.08%
DASH	C	0.08%	0.02%	0.02%
DE	B	0.2%	0.14%	0.14%
DFS	C	0.07%	0.07%	0.07%
DGX	B	0.03%	0.02%	0.02%
DHI	B	0.12%	0.07%	0.07%
DHR	B	0.37%	0.23%	0.23%
DIS	D	0.33%	0.23%	0.23%
DLR	B	0.1%	0.35%	0.1%
DLTR	F	0.03%	0.03%	0.03%
DOC	C	0.03%	0.01%	0.01%
DOCU	C	0.02%	0.01%	0.01%
DXCM	F	0.06%	0.03%	0.03%
EA	D	0.07%	0.01%	0.01%
EBAY	B	0.06%	0.14%	0.06%
ECL	B	0.13%	0.06%	0.06%
EFX	B	0.08%	0.03%	0.03%
EG	C	0.03%	0.03%	0.03%
EIX	C	0.07%	0.84%	0.07%
EL	F	0.04%	0.04%	0.04%
ELV	C	0.26%	0.24%	0.24%
ENPH	D	0.03%	0.1%	0.03%
EPAM	F	0.02%	0.01%	0.01%
EQH	C	0.02%	0.09%	0.02%
EQIX	C	0.17%	0.32%	0.17%
EQR	B	0.05%	0.08%	0.05%
ERIE	B	0.03%	0.04%	0.03%
ESS	B	0.04%	0.1%	0.04%
ETN	C	0.25%	0.24%	0.24%
EW	F	0.08%	0.11%	0.08%
EXAS	C	0.02%	0.01%	0.01%
EXR	B	0.08%	0.05%	0.05%
FAST	C	0.08%	0.15%	0.08%
FDS	C	0.03%	0.01%	0.01%
FFIV	B	0.02%	0.16%	0.02%
FIS	B	0.1%	0.06%	0.06%
FOX	B	0.01%	0.03%	0.01%
FOXA	B	0.02%	0.03%	0.02%
FSLR	C	0.05%	0.2%	0.05%
FTNT	C	0.1%	0.07%	0.07%
FTV	C	0.05%	0.09%	0.05%
GDDY	C	0.04%	0.03%	0.03%
GILD	B	0.21%	0.06%	0.06%
GIS	B	0.08%	0.1%	0.08%
GLW	C	0.07%	0.18%	0.07%
GOOG	D	1.67%	1.33%	1.33%
GOOGL	D	1.86%	0.95%	0.95%
GPN	D	0.06%	0.04%	0.04%
GRMN	D	0.05%	0.07%	0.05%
GS	C	0.31%	0.05%	0.05%
GWW	B	0.09%	0.18%	0.09%
HBAN	B	0.04%	0.02%	0.02%
HD	B	0.76%	0.55%	0.55%
HEI	B	0.02%	0.02%	0.02%
HEI	B	0.03%	0.02%	0.02%
HIG	B	0.07%	0.12%	0.07%
HLT	B	0.11%	0.02%	0.02%
HOLX	C	0.04%	0.05%	0.04%
HPE	D	0.05%	0.13%	0.05%
HSY	C	0.06%	0.06%	0.06%
HUM	F	0.08%	0.08%	0.08%
IBM	B	0.4%	0.63%	0.4%
ICE	C	0.19%	0.13%	0.13%
IDXX	C	0.08%	0.08%	0.08%
IEX	D	0.03%	0.04%	0.03%
ILMN	C	0.04%	0.03%	0.03%
INCY	C	0.02%	0.01%	0.01%
INTC	F	0.17%	0.15%	0.15%
INTU	C	0.37%	0.3%	0.3%
IPG	C	0.02%	0.02%	0.02%
IQV	C	0.09%	0.13%	0.09%
IRM	C	0.07%	0.06%	0.06%
ISRG	B	0.35%	0.29%	0.29%
IT	B	0.08%	0.03%	0.03%
ITW	C	0.15%	0.31%	0.15%
JKHY	B	0.03%	0.01%	0.01%
JNJ	C	0.8%	0.67%	0.67%
JNPR	B	0.03%	0.14%	0.03%
JPM	D	1.18%	0.92%	0.92%
KDP	B	0.08%	0.09%	0.08%
KEYS	C	0.05%	0.07%	0.05%
KKR	B	0.16%	0.11%	0.11%
KLAC	D	0.2%	0.18%	0.18%
KVUE	C	0.08%	0.01%	0.01%
LEN	B	0.09%	0.07%	0.07%
LEN	B	0.0%	0.07%	0.0%
LIN	B	0.45%	0.08%	0.08%
LKQ	F	0.02%	0.03%	0.02%
LLY	C	1.58%	1.18%	1.18%
LOW	B	0.29%	0.24%	0.24%
LRCX	F	0.2%	0.11%	0.11%
LULU	D	0.06%	0.07%	0.06%
LYV	B	0.03%	0.04%	0.03%
MA	B	0.82%	0.62%	0.62%
MAR	C	0.11%	0.02%	0.02%
MAS	B	0.04%	0.01%	0.01%
MCD	B	0.43%	0.37%	0.37%
MCO	B	0.15%	0.23%	0.15%
MDT	C	0.24%	0.24%	0.24%
MELI	B	0.21%	0.16%	0.16%
MET	B	0.09%	0.2%	0.09%
META	B	2.32%	1.55%	1.55%
MKC	C	0.04%	0.01%	0.01%
MKL	C	0.04%	0.07%	0.04%
MMC	C	0.23%	0.21%	0.21%
MMM	B	0.15%	0.03%	0.03%
MNST	D	0.08%	0.03%	0.03%
MOH	D	0.04%	0.02%	0.02%
MRK	D	0.59%	0.57%	0.57%
MRNA	F	0.05%	0.02%	0.02%
MRVL	C	0.13%	0.11%	0.11%
MS	D	0.25%	0.19%	0.19%
MSFT	C	6.45%	4.24%	4.24%
MSI	B	0.15%	0.24%	0.15%
MSTR	D	0.04%	0.01%	0.01%
MTB	B	0.06%	0.08%	0.06%
MTD	D	0.06%	0.07%	0.06%
MU	F	0.2%	0.08%	0.08%
NBIX	F	0.02%	0.01%	0.01%
NDAQ	A	0.06%	0.04%	0.04%
NEM	B	0.12%	0.11%	0.11%
NFLX	B	0.61%	0.42%	0.42%
NKE	D	0.19%	0.12%	0.12%
NOW	B	0.36%	0.34%	0.34%
NSC	C	0.11%	0.04%	0.04%
NTAP	D	0.05%	0.06%	0.05%
NTRS	A	0.04%	0.04%	0.04%
NVDA	D	5.72%	3.97%	3.97%
NVR	B	0.06%	0.03%	0.03%
NXPI	F	0.12%	0.01%	0.01%
O	C	0.11%	0.07%	0.07%
ODFL	D	0.07%	0.02%	0.02%
OMC	B	0.04%	0.03%	0.03%
ORCL	C	0.52%	0.53%	0.52%
ORLY	C	0.13%	0.17%	0.13%
PANW	D	0.23%	0.13%	0.13%
PAYC	D	0.02%	0.01%	0.01%
PAYX	C	0.09%	0.08%	0.08%
PCAR	D	0.1%	0.05%	0.05%
PFE	C	0.33%	0.23%	0.23%
PGR	B	0.3%	0.22%	0.22%
PH	B	0.15%	0.22%	0.15%
PHM	B	0.06%	0.04%	0.04%
PINS	F	0.03%	0.01%	0.01%
PLD	C	0.24%	0.25%	0.24%
PLTR	B	0.14%	0.04%	0.04%
PNC	B	0.14%	0.16%	0.14%
PNR	B	0.03%	0.2%	0.03%
PODD	B	0.03%	0.02%	0.02%
POOL	C	0.03%	0.02%	0.02%
PPG	D	0.06%	0.11%	0.06%
PRU	C	0.08%	0.14%	0.08%
PSA	B	0.11%	0.12%	0.11%
PWR	B	0.08%	0.2%	0.08%
PYPL	B	0.15%	0.11%	0.11%
QCOM	D	0.38%	0.28%	0.28%
REG	C	0.03%	0.08%	0.03%
REGN	C	0.25%	0.15%	0.15%
RF	B	0.04%	0.06%	0.04%
RJF	C	0.05%	0.03%	0.03%
RMD	C	0.07%	0.08%	0.07%
ROK	D	0.06%	0.08%	0.06%
ROL	C	0.03%	0.02%	0.02%
ROP	C	0.12%	0.02%	0.02%
ROST	C	0.1%	0.1%	0.1%
RPRX	C	0.02%	0.02%	0.02%
RS	D	0.03%	0.08%	0.03%
SBAC	C	0.05%	0.03%	0.03%
SBUX	C	0.23%	0.15%	0.15%
SCHW	D	0.18%	0.15%	0.15%
SHW	B	0.18%	0.56%	0.18%
SMCI	F	0.05%	0.02%	0.02%
SNA	C	0.03%	0.01%	0.01%
SNAP	F	0.02%	0.01%	0.01%
SNOW	F	0.07%	0.02%	0.02%
SPG	B	0.1%	0.14%	0.1%
SPGI	B	0.33%	0.4%	0.33%
SQ	D	0.07%	0.01%	0.01%
SQ	D	0.07%	0.02%	0.02%
STE	C	0.05%	0.03%	0.03%
STLD	F	0.03%	0.01%	0.01%
STT	B	0.05%	0.02%	0.02%
STZ	D	0.08%	0.04%	0.04%
SUI	B	0.04%	0.01%	0.01%
SWKS	D	0.03%	0.01%	0.01%
SYF	C	0.04%	0.06%	0.04%
SYK	C	0.27%	0.24%	0.24%
T	C	0.31%	0.18%	0.18%
TDG	B	0.15%	0.14%	0.14%
TDY	B	0.04%	0.1%	0.04%
TECH	C	0.02%	0.01%	0.01%
TEL	D	0.09%	0.11%	0.09%
TER	D	0.04%	0.04%	0.04%
TFX	C	0.02%	0.02%	0.02%
TGT	C	0.14%	0.03%	0.03%
TJX	B	0.27%	0.37%	0.27%
TMO	B	0.47%	0.38%	0.38%
TMUS	C	0.16%	0.11%	0.11%
TRMB	C	0.03%	0.06%	0.03%
TROW	D	0.05%	0.04%	0.04%
TRU	B	0.04%	0.01%	0.01%
TRV	C	0.11%	0.14%	0.11%
TSLA	C	1.29%	0.96%	0.96%
TT	B	0.17%	0.02%	0.02%
TTD	B	0.1%	0.05%	0.05%
TW	B	0.03%	0.02%	0.02%
TXN	C	0.37%	0.27%	0.27%
UBER	C	0.29%	0.17%	0.17%
UHAL	A	0.01%	0.04%	0.01%
UHAL	A	0.0%	0.04%	0.0%
ULTA	D	0.04%	0.05%	0.04%
UNH	C	1.1%	0.78%	0.78%
UNP	C	0.31%	0.23%	0.23%
UPS	D	0.19%	0.07%	0.07%
URI	B	0.1%	0.04%	0.04%
USB	B	0.14%	0.11%	0.11%
V	C	0.91%	0.7%	0.7%
VEEV	C	0.07%	0.03%	0.03%
VICI	C	0.07%	0.03%	0.03%
VLTO	C	0.05%	0.03%	0.03%
VMC	D	0.06%	0.01%	0.01%
VRSK	D	0.08%	0.04%	0.04%
VRSN	D	0.03%	0.01%	0.01%
VRT	C	0.06%	0.02%	0.02%
VRTX	D	0.25%	0.15%	0.15%
VTR	C	0.05%	0.06%	0.05%
VZ	B	0.38%	0.22%	0.22%
WAB	A	0.06%	0.07%	0.06%
WAT	C	0.04%	0.02%	0.02%
WDAY	D	0.11%	0.02%	0.02%
WELL	C	0.16%	0.14%	0.14%
WFC	D	0.37%	0.18%	0.18%
WM	D	0.15%	0.09%	0.09%
WMT	C	0.71%	0.34%	0.34%
WPC	C	0.03%	0.02%	0.02%
WRB	C	0.04%	0.07%	0.04%
WST	D	0.04%	0.02%	0.02%
WTW	C	0.06%	0.07%	0.06%
WYNN	D	0.02%	0.01%	0.01%
XYL	D	0.06%	0.39%	0.06%
YUM	D	0.08%	0.08%	0.08%
ZBH	F	0.04%	0.04%	0.04%
ZBRA	B	0.03%	0.02%	0.02%
ZM	C	0.03%	0.02%	0.02%
ZTS	C	0.18%	0.18%	0.18%

ILCB Overweight 288 Positions Relative to NZAC

Symbol	Grade	Weight
XOM	C	1.01%
PG	C	0.83%
COST	B	0.82%
KO	C	0.56%
CVX	D	0.49%
PEP	C	0.49%
GE	B	0.39%
PM	C	0.39%
NEE	C	0.35%
CAT	B	0.34%
RTX	C	0.32%
HON	D	0.27%
COP	D	0.24%
LMT	C	0.24%
FI	A	0.21%
CI	C	0.21%
SO	B	0.2%
MDLZ	B	0.2%
BA	F	0.19%
CL	D	0.18%
DUK	C	0.18%
MO	C	0.18%
NOC	B	0.16%
CVS	D	0.15%
CDNS	D	0.15%
SNPS	F	0.15%
HCA	B	0.15%
MCK	F	0.14%
EOG	D	0.14%
GD	B	0.14%
APD	B	0.13%
FDX	C	0.13%
SLB	F	0.12%
MPC	F	0.12%
EMR	D	0.12%
CRH	B	0.12%
FCX	D	0.12%
GEV	B	0.12%
SRE	C	0.11%
GM	C	0.11%
OKE	B	0.11%
PSX	F	0.11%
WMB	B	0.11%
AEP	C	0.11%
TFC	C	0.11%
KMB	D	0.1%
D	C	0.1%
JCI	B	0.1%
MPWR	C	0.09%
LHX	C	0.09%
VLO	F	0.09%
MSCI	C	0.09%
FICO	B	0.09%
KR	C	0.08%
SYY	D	0.08%
OTIS	C	0.08%
HWM	B	0.08%
RCL	B	0.08%
CTVA	B	0.08%
FERG	D	0.08%
EXC	C	0.08%
CNC	D	0.08%
LNG	C	0.08%
CMI	C	0.08%
COR	D	0.08%
MCHP	F	0.08%
KMI	B	0.08%
F	F	0.08%
PEG	C	0.08%
RSG	D	0.08%
PCG	C	0.08%
MLM	D	0.07%
TRGP	B	0.07%
HPQ	D	0.07%
BKR	C	0.07%
DD	B	0.07%
GEHC	C	0.07%
NUE	F	0.07%
DOW	D	0.07%
XEL	B	0.07%
HES	F	0.07%
ED	C	0.07%
IR	C	0.07%
VST	C	0.06%
CAH	C	0.06%
FITB	B	0.06%
CPNG	B	0.06%
AWK	B	0.06%
DAL	C	0.06%
ADM	D	0.06%
FANG	D	0.06%
DELL	D	0.06%
WEC	C	0.06%
ON	D	0.06%
TSCO	C	0.06%
KHC	C	0.06%
OXY	F	0.06%
DDOG	D	0.06%
AEE	C	0.05%
SW	B	0.05%
FE	C	0.05%
BLDR	C	0.05%
FCNCA	D	0.05%
APP	C	0.05%
WY	C	0.05%
PPL	C	0.05%
ES	C	0.05%
NET	D	0.05%
DECK	C	0.05%
RBLX	B	0.05%
LYB	D	0.05%
TYL	C	0.05%
TTWO	C	0.05%
HAL	F	0.05%
DVN	F	0.05%
HUBS	D	0.05%
DOV	B	0.05%
TEAM	D	0.05%
DTE	C	0.05%
IFF	B	0.05%
ARES	B	0.05%
ETR	B	0.05%
WSM	D	0.04%
AVY	C	0.04%
DKNG	C	0.04%
CNP	C	0.04%
J	C	0.04%
CFG	C	0.04%
DG	F	0.04%
EME	B	0.04%
EQT	D	0.04%
PKG	B	0.04%
LH	C	0.04%
WBD	D	0.04%
LII	B	0.04%
MAA	B	0.04%
BBY	C	0.04%
GPC	D	0.04%
ARE	C	0.04%
PFG	B	0.04%
DRI	B	0.04%
CSL	B	0.04%
STX	C	0.04%
PTC	D	0.04%
MDB	D	0.04%
LDOS	B	0.04%
ATO	B	0.04%
BALL	C	0.04%
WDC	D	0.04%
CMS	C	0.04%
INVH	C	0.04%
K	B	0.04%
HUBB	B	0.04%
COO	B	0.04%
JBL	D	0.03%
CLH	A	0.03%
FIX	B	0.03%
BLD	D	0.03%
SJM	C	0.03%
DKS	D	0.03%
XPO	D	0.03%
NDSN	C	0.03%
UTHR	C	0.03%
AES	C	0.03%
RNR	C	0.03%
CE	F	0.03%
GLPI	C	0.03%
IBKR	B	0.03%
AMH	C	0.03%
USFD	B	0.03%
VTRS	D	0.03%
ELS	C	0.03%
CPT	B	0.03%
UHS	B	0.03%
JBHT	D	0.03%
FNF	B	0.03%
GGG	C	0.03%
EVRG	B	0.03%
DT	C	0.03%
UDR	C	0.03%
RGA	C	0.03%
BG	D	0.03%
DPZ	F	0.03%
CASY	D	0.03%
NTNX	C	0.03%
CF	C	0.03%
MRO	D	0.03%
L	C	0.03%
OC	D	0.03%
AKAM	D	0.03%
PSTG	F	0.03%
RVTY	B	0.03%
KEY	B	0.03%
NI	B	0.03%
CAG	C	0.03%
LNT	B	0.03%
TOL	B	0.03%
ZS	F	0.03%
NTRA	C	0.03%
LPLA	D	0.03%
RPM	B	0.03%
GEN	B	0.03%
TPL	B	0.03%
AMCR	B	0.03%
SWK	B	0.03%
THC	A	0.03%
KIM	C	0.03%
LVS	D	0.03%
UAL	C	0.03%
WSO	C	0.03%
SSNC	B	0.03%
MANH	B	0.03%
FWONK	C	0.03%
APTV	D	0.03%
ENTG	F	0.03%
TXT	D	0.03%
IP	B	0.03%
NRG	C	0.03%
EXPD	C	0.03%
CTRA	F	0.03%
EXPE	C	0.03%
CCL	C	0.03%
TSN	C	0.03%
LUV	C	0.03%
ACI	F	0.02%
DINO	F	0.02%
CHK	D	0.02%
AR	F	0.02%
UNM	B	0.02%
MORN	C	0.02%
DVA	B	0.02%
MOS	F	0.02%
MGM	F	0.02%
MEDP	F	0.02%
APA	F	0.02%
LW	D	0.02%
DAY	D	0.02%
CNH	D	0.02%
HRL	C	0.02%
AOS	D	0.02%
WTRG	D	0.02%
SOLV	C	0.02%
TAP	D	0.02%
NWSA	D	0.02%
TWLO	D	0.02%
BJ	D	0.02%
CPB	C	0.02%
CRL	F	0.02%
CHDN	C	0.02%
HII	D	0.02%
LECO	F	0.02%
QRVO	F	0.02%
RRX	C	0.02%
OVV	F	0.02%
WMS	D	0.02%
NVT	D	0.02%
CCK	A	0.02%
HOOD	C	0.02%
SRPT	D	0.02%
WING	B	0.02%
PFGC	B	0.02%
SAIA	D	0.02%
SCI	B	0.02%
FND	C	0.02%
OKTA	F	0.02%
FLEX	C	0.02%
HST	C	0.02%
TTEK	C	0.02%
EMN	B	0.02%
KMX	D	0.02%
NWS	D	0.01%
PAG	D	0.01%
COTY	F	0.01%
WLK	D	0.01%
PCOR	F	0.01%
CELH	F	0.01%
BEN	F	0.01%
SNX	D	0.01%
U	D	0.01%
SIRI	C	0.01%
BRKR	D	0.01%
AZPN	B	0.01%
WBA	F	0.01%
BSY	D	0.01%
CNM	F	0.01%
ALAB	D	0.0%
FWONA	C	0.0%
AGR	B	0.0%

ILCB Underweight 42 Positions Relative to NZAC

Symbol	Grade	Weight
NVS	C	-0.46%
BABA	B	-0.23%
TD	B	-0.21%
SONY	C	-0.17%
HDB	C	-0.14%
DEO	C	-0.12%
INFY	C	-0.12%
LI	D	-0.09%
SCCO	D	-0.08%
AIZ	B	-0.08%
SHOP	C	-0.08%
WIT	C	-0.07%
MUFG	D	-0.07%
PDD	F	-0.06%
TCOM	C	-0.05%
HSIC	C	-0.05%
BCS	B	-0.04%
XPEV	C	-0.03%
CCEP	B	-0.03%
BIDU	D	-0.03%
AZN	D	-0.03%
CBOE	C	-0.03%
LYG	B	-0.02%
TEVA	C	-0.02%
SEIC	C	-0.02%
NIO	C	-0.02%
CTLT	B	-0.02%
ASAI	F	-0.02%
BCH	C	-0.02%
XRX	D	-0.02%
BBWI	F	-0.01%
MBAVU	C	-0.01%
QGEN	C	-0.01%
MTCH	C	-0.01%
BIO	C	-0.01%
QFIN	B	-0.01%
MKTX	C	-0.01%
RIVN	F	-0.01%
Z	B	-0.01%
KB	D	-0.01%
WIT	C	-0.0%
NIO	C	-0.0%