NZAC vs. DFEM ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to Dimensional Emerging Markets Core Equity 2 ETF (DFEM)

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

$37.11

Average Daily Volume

6,919

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

DFEM

Dimensional Emerging Markets Core Equity 2 ETF

DFEM Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the prospectus as Approved Market securities.

Grade (RS Rating)

Last Trade

$26.58

Average Daily Volume

594,183

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	DFEM
30 Days	-0.46%	-3.87%
60 Days	0.77%	-1.41%
90 Days	2.06%	-1.52%
12 Months	25.27%	12.95%

25 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in DFEM	Overlap
ASAI	F	0.02%	0.01%	0.01%
ASAI	F	0.02%	0.02%	0.02%
BABA	D	0.24%	0.02%	0.02%
BABA	D	0.24%	1.24%	0.24%
BCH	C	0.02%	0.0%	0.0%
BCH	C	0.02%	0.03%	0.02%
BIDU	F	0.03%	0.02%	0.02%
BIDU	F	0.03%	0.14%	0.03%
HDB	C	0.14%	0.25%	0.14%
HDB	C	0.14%	0.24%	0.14%
INFY	C	0.11%	0.32%	0.11%
KB	B	0.01%	0.01%	0.01%
KB	B	0.01%	0.38%	0.01%
LI	F	0.11%	0.0%	0.0%
LI	F	0.11%	0.07%	0.07%
NIO	F	0.02%	0.01%	0.01%
NIO	F	0.0%	0.01%	0.0%
PDD	F	0.08%	0.46%	0.08%
TCOM	B	0.06%	0.01%	0.01%
TCOM	B	0.06%	0.19%	0.06%
WIT	B	0.0%	0.01%	0.0%
WIT	B	0.07%	0.06%	0.06%
WIT	B	0.07%	0.01%	0.01%
WIT	B	0.0%	0.06%	0.0%
XPEV	C	0.04%	0.13%	0.04%

NZAC Overweight 355 Positions Relative to DFEM

Symbol	Grade	Weight
NVDA	B	4.67%
AAPL	C	4.47%
MSFT	D	4.03%
AMZN	C	2.38%
META	D	1.62%
GOOG	C	1.45%
TSLA	B	1.32%
AVGO	D	1.1%
JPM	A	1.09%
GOOGL	C	1.03%
LLY	F	0.94%
EIX	B	0.81%
UNH	B	0.77%
V	A	0.75%
MA	B	0.65%
JNJ	C	0.62%
IBM	C	0.6%
ABBV	F	0.6%
ORCL	A	0.59%
HD	B	0.58%
SHW	B	0.56%
NFLX	A	0.49%
MRK	D	0.47%
ADI	D	0.46%
BAC	A	0.44%
CRM	B	0.42%
NVS	F	0.41%
CSCO	B	0.4%
ACN	B	0.39%
NOW	A	0.39%
BRK.A	B	0.39%
DLR	B	0.39%
SPGI	C	0.38%
ACM	B	0.36%
MCD	D	0.36%
XYL	D	0.36%
AXP	A	0.36%
TJX	A	0.36%
WMT	A	0.35%
ADBE	C	0.35%
ABBV	F	0.34%
EQIX	A	0.33%
ITW	B	0.33%
TMO	F	0.32%
BSX	A	0.31%
ISRG	A	0.31%
INTU	B	0.31%
DIS	B	0.29%
AFL	B	0.28%
ETN	A	0.28%
TXN	C	0.27%
MSI	B	0.27%
AMD	F	0.27%
BLK	B	0.27%
MS	A	0.26%
QCOM	F	0.26%
SYK	B	0.25%
LOW	C	0.25%
CMCSA	B	0.25%
WFC	A	0.25%
PH	A	0.25%
BKNG	A	0.24%
CB	C	0.24%
PWR	A	0.24%
BMY	B	0.24%
MDT	D	0.23%
PNR	A	0.23%
PGR	A	0.22%
MCO	B	0.22%
VZ	C	0.21%
AMGN	F	0.21%
GWW	B	0.21%
PLD	F	0.21%
UNP	C	0.21%
MET	A	0.21%
MMC	B	0.2%
ADP	A	0.2%
SCHW	B	0.19%
TD	D	0.19%
PFE	F	0.19%
PNC	B	0.19%
DHR	F	0.19%
GLW	B	0.19%
BX	A	0.19%
ABT	B	0.19%
FI	A	0.18%
CBRE	B	0.18%
INTC	C	0.18%
FFIV	B	0.18%
T	A	0.18%
ORLY	B	0.18%
UBER	F	0.17%
FAST	B	0.17%
SONY	B	0.17%
ELV	F	0.17%
APO	B	0.17%
HPE	B	0.16%
AMP	A	0.16%
FSLR	F	0.16%
ZTS	D	0.16%
AME	A	0.16%
KLAC	F	0.15%
PRU	A	0.15%
WELL	A	0.15%
SBUX	A	0.15%
SPG	A	0.15%
TRV	B	0.15%
EBAY	D	0.14%
COF	C	0.14%
ALL	A	0.14%
DE	B	0.14%
VRTX	D	0.14%
PANW	B	0.14%
AIG	B	0.14%
MELI	C	0.14%
TDG	D	0.13%
ICE	C	0.13%
BK	A	0.13%
KKR	A	0.13%
PYPL	B	0.13%
TMUS	B	0.13%
CDW	F	0.13%
JNPR	D	0.13%
AMAT	F	0.12%
SHOP	B	0.12%
AVB	B	0.12%
ACGL	C	0.12%
HIG	B	0.12%
MRVL	B	0.12%
USB	A	0.12%
CME	B	0.12%
PPG	F	0.11%
AMT	C	0.11%
AON	A	0.11%
EW	C	0.11%
BDX	F	0.11%
PSA	C	0.11%
APH	A	0.11%
NKE	F	0.11%
AZO	C	0.1%
MTB	A	0.1%
ESS	B	0.1%
WM	B	0.1%
CHD	A	0.1%
LRCX	F	0.1%
REGN	F	0.1%
EQH	C	0.1%
IQV	F	0.1%
DEO	F	0.1%
TDY	B	0.1%
FTNT	C	0.09%
AIZ	A	0.09%
SYF	B	0.09%
MU	D	0.09%
ADSK	A	0.09%
ROST	D	0.09%
DFS	B	0.09%
ALLE	C	0.09%
CSX	C	0.09%
FTV	C	0.09%
SCCO	F	0.08%
KDP	F	0.08%
GRMN	B	0.08%
CTSH	B	0.08%
REG	A	0.08%
PAYX	B	0.08%
LULU	C	0.08%
MUFG	B	0.08%
NEM	D	0.08%
GIS	D	0.08%
WAB	B	0.08%
RS	B	0.08%
ROK	C	0.08%
BR	A	0.08%
O	C	0.07%
FIS	C	0.07%
CINF	A	0.07%
BXP	C	0.07%
RVTY	F	0.07%
UPS	C	0.07%
TRMB	B	0.07%
PLTR	B	0.07%
CCI	C	0.07%
RF	A	0.07%
HSBH	B	0.07%
CMG	B	0.07%
WRB	A	0.07%
EQR	C	0.07%
AJG	A	0.07%
MKL	A	0.07%
AFG	A	0.07%
WTW	B	0.07%
RMD	C	0.07%
CHTR	C	0.07%
LIN	C	0.07%
YUM	D	0.07%
A	D	0.06%
VTR	B	0.06%
NTAP	C	0.06%
DHI	F	0.06%
IRM	C	0.06%
MTD	F	0.06%
ECL	D	0.06%
GS	A	0.06%
PCAR	B	0.06%
LEN	D	0.06%
ANET	C	0.06%
GILD	C	0.06%
AXON	A	0.06%
IDXX	F	0.06%
KEYS	A	0.06%
HUM	C	0.06%
CPAY	A	0.05%
LYV	A	0.05%
VRSK	A	0.05%
NTRS	A	0.05%
ZBH	C	0.05%
ABNB	C	0.05%
HOLX	D	0.05%
GPN	B	0.05%
TROW	B	0.05%
URI	C	0.05%
TTD	B	0.05%
HSY	F	0.05%
ULTA	F	0.05%
HSIC	C	0.05%
ENPH	F	0.05%
BRO	B	0.05%
COIN	C	0.04%
ILMN	C	0.04%
RJF	A	0.04%
CEG	C	0.04%
DXCM	C	0.04%
NSC	B	0.04%
FOXA	A	0.04%
UHAL	D	0.04%
CTAS	B	0.04%
BCS	A	0.04%
PHM	D	0.04%
CPRT	B	0.04%
NDAQ	A	0.04%
EXR	C	0.04%
IEX	C	0.04%
BAH	F	0.03%
ALGN	D	0.03%
EFX	F	0.03%
WDAY	B	0.03%
STE	D	0.03%
NVR	D	0.03%
AZN	F	0.03%
VICI	C	0.03%
MNST	C	0.03%
AVTR	F	0.03%
XRX	F	0.03%
VLTO	C	0.03%
CCEP	C	0.03%
EG	C	0.03%
SBAC	D	0.03%
VEEV	C	0.03%
CARR	C	0.03%
LKQ	F	0.03%
ERIE	D	0.03%
GDDY	A	0.03%
BIIB	F	0.03%
OMC	C	0.03%
IT	C	0.03%
CBOE	C	0.03%
FOX	A	0.03%
EL	F	0.03%
ALNY	D	0.03%
BURL	B	0.03%
TER	F	0.03%
STZ	D	0.03%
Z	A	0.02%
CG	B	0.02%
ANSS	B	0.02%
ALLY	C	0.02%
VMC	B	0.02%
BMRN	F	0.02%
TW	A	0.02%
RPRX	D	0.02%
TFX	F	0.02%
MOH	F	0.02%
ROL	B	0.02%
STT	B	0.02%
CRWD	B	0.02%
SNA	A	0.02%
WST	C	0.02%
TT	A	0.02%
HBAN	A	0.02%
WAT	C	0.02%
MSTR	B	0.02%
DGX	A	0.02%
SEIC	B	0.02%
ZM	C	0.02%
ZBRA	B	0.02%
PODD	C	0.02%
HEI	A	0.02%
DASH	B	0.02%
CTLT	C	0.02%
BAX	F	0.02%
VRT	B	0.02%
MAR	A	0.02%
SNOW	B	0.02%
ODFL	C	0.02%
DLTR	F	0.02%
HLT	A	0.02%
ROP	B	0.02%
LH	B	0.02%
POOL	C	0.02%
CSGP	D	0.02%
MMM	D	0.02%
SQ	A	0.02%
TGT	F	0.02%
MBAVU	C	0.01%
SMCI	F	0.01%
QGEN	D	0.01%
EXAS	D	0.01%
SWKS	F	0.01%
MTCH	D	0.01%
BBWI	C	0.01%
WYNN	C	0.01%
STLD	B	0.01%
RIVN	F	0.01%
SUI	C	0.01%
NXPI	D	0.01%
JKHY	D	0.01%
TECH	F	0.01%
BIO	C	0.01%
SNAP	D	0.01%
ALB	B	0.01%
C	A	0.01%
PAYC	B	0.01%
EPAM	B	0.01%
KVUE	A	0.01%
MAS	D	0.01%
CLX	A	0.01%
DOC	C	0.01%
MKC	C	0.01%
MRNA	F	0.01%
MKTX	D	0.01%
SQ	A	0.01%
FDS	B	0.01%
TRU	D	0.01%
EA	A	0.01%
NBIX	C	0.01%
IPG	D	0.01%
PINS	F	0.01%
WPC	C	0.01%
INCY	C	0.01%
VRSN	C	0.01%
QFIN	A	0.01%
DOCU	B	0.01%
LYG	D	0.01%
TEVA	C	0.01%

NZAC Underweight 78 Positions Relative to DFEM

Symbol	Grade	Weight
IBN	C	-0.62%
VALE	F	-0.31%
YUMC	C	-0.2%
SHG	C	-0.19%
IBN	C	-0.15%
ERJ	A	-0.14%
VIPS	F	-0.14%
ERJ	A	-0.14%
UMC	F	-0.14%
GFI	D	-0.13%
RDY	F	-0.11%
GDS	C	-0.1%
BILI	D	-0.09%
CX	F	-0.09%
PAC	B	-0.08%
SBSW	D	-0.07%
HMY	D	-0.07%
GGB	C	-0.07%
TME	D	-0.05%
ASR	D	-0.05%
LPL	D	-0.05%
CAR	C	-0.05%
SHG	C	-0.05%
BAP	A	-0.05%
BRFS	C	-0.05%
NTES	D	-0.04%
UMC	F	-0.04%
SGRP	D	-0.03%
JKS	F	-0.03%
PBR	D	-0.03%
ABEV	F	-0.03%
VIST	B	-0.03%
CHT	C	-0.03%
BBD	D	-0.02%
SKM	C	-0.02%
KEP	B	-0.02%
IQ	F	-0.02%
SKM	C	-0.02%
PKX	D	-0.02%
CHT	C	-0.02%
SQM	D	-0.02%
CIB	B	-0.02%
OMAB	D	-0.02%
FMX	F	-0.02%
KOF	F	-0.02%
CIG	C	-0.01%
PHI	D	-0.01%
ITUB	F	-0.01%
SHPH	F	-0.01%
ASX	D	-0.01%
BSAC	C	-0.01%
AKO.A	F	-0.01%
IMOS	F	-0.01%
WF	C	-0.01%
BGNE	D	-0.01%
VIV	F	-0.01%
GGB	C	-0.01%
KEP	B	-0.01%
SBS	B	-0.01%
BGNE	D	-0.01%
ENIC	B	-0.0%
BAOS	F	-0.0%
LPL	D	-0.0%
LGHT	D	-0.0%
ELP	F	-0.0%
SLDB	F	-0.0%
MGNX	F	-0.0%
UGP	F	-0.0%
PDSB	F	-0.0%
CCU	D	-0.0%
SUZ	B	-0.0%
BZUN	F	-0.0%
BAK	F	-0.0%
CSAN	F	-0.0%
ZTO	F	-0.0%
EBR	F	-0.0%
ZLAB	C	-0.0%
VNET	B	-0.0%