NZAC vs. VCEB ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

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

$37.15

Average Daily Volume

14,436

Number of Holdings ^*

367

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$64.12

Average Daily Volume

32,512

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	VCEB
30 Days	4.21%	0.09%
60 Days	11.83%	1.67%
90 Days	5.20%	3.75%
12 Months	34.16%	13.85%

163 Overlapping Holdings

	Symbol	Grade	Weight in NZAC	Weight in VCEB	Overlap
	A	B	0.06%	0.02%	0.02%
	AAPL	C	4.45%	0.01%	0.01%
	ABBV	C	0.61%	0.03%	0.03%
	ABBV	C	0.4%	0.03%	0.03%
	ABT	C	0.19%	0.03%	0.03%
	ACGL	A	0.14%	0.03%	0.03%
	ADBE	F	0.35%	0.01%	0.01%
	ADI	B	0.5%	0.01%	0.01%
	ADP	A	0.19%	0.03%	0.03%
	AFL	A	0.28%	0.05%	0.05%
	AIG	C	0.14%	0.01%	0.01%
	AJG	C	0.07%	0.02%	0.02%
	ALLY	F	0.01%	0.03%	0.01%
	AMAT	C	0.13%	0.01%	0.01%
	AMGN	D	0.23%	0.01%	0.01%
	AMP	A	0.13%	0.03%	0.03%
	AMT	D	0.12%	0.01%	0.01%
	AMZN	C	2.15%	0.01%	0.01%
	AON	A	0.1%	0.01%	0.01%
	APH	D	0.1%	0.02%	0.02%
	AVGO	B	1.11%	0.02%	0.02%
	AXP	A	0.34%	0.01%	0.01%
	AZN	D	0.03%	0.02%	0.02%
	AZO	D	0.1%	0.04%	0.04%
	BABA	A	0.3%	0.02%	0.02%
	BAC	B	0.36%	0.02%	0.02%
	BAX	D	0.03%	0.02%	0.02%
	BDX	C	0.11%	0.03%	0.03%
	BIIB	F	0.04%	0.01%	0.01%
	BK	A	0.11%	0.01%	0.01%
	BKNG	B	0.19%	0.02%	0.02%
	BLK	A	0.24%	0.02%	0.02%
	BMY	A	0.23%	0.03%	0.03%
	BR	B	0.08%	0.02%	0.02%
	BSX	A	0.29%	0.01%	0.01%
	BXP	B	0.07%	0.01%	0.01%
	C	B	0.01%	0.01%	0.01%
	CARR	A	0.03%	0.02%	0.02%
	CB	A	0.24%	0.01%	0.01%
	CCI	D	0.08%	0.01%	0.01%
	CHTR	D	0.06%	0.02%	0.02%
	CMCSA	B	0.24%	0.01%	0.01%
	CME	A	0.12%	0.02%	0.02%
	COF	A	0.11%	0.01%	0.01%
	CRM	B	0.35%	0.02%	0.02%
	CSCO	A	0.37%	0.02%	0.02%
	CTAS	C	0.04%	0.04%	0.04%
	DE	C	0.14%	0.02%	0.02%
	DFS	A	0.07%	0.01%	0.01%
	DGX	D	0.02%	0.03%	0.02%
	DHR	D	0.23%	0.01%	0.01%
	DIS	D	0.24%	0.01%	0.01%
	DLR	C	0.35%	0.01%	0.01%
	DLTR	F	0.03%	0.02%	0.02%
	DOC	C	0.01%	0.03%	0.01%
	EA	D	0.01%	0.01%	0.01%
	EBAY	A	0.14%	0.01%	0.01%
	EFX	D	0.03%	0.02%	0.02%
	EG	A	0.03%	0.03%	0.03%
	EQH	B	0.09%	0.05%	0.05%
	EQIX	C	0.32%	0.03%	0.03%
	EQR	C	0.07%	0.03%	0.03%
	ETN	B	0.26%	0.03%	0.03%
	FIS	A	0.06%	0.01%	0.01%
	FOXA	B	0.03%	0.01%	0.01%
	FTV	C	0.1%	0.03%	0.03%
	GILD	A	0.06%	0.01%	0.01%
	GIS	C	0.1%	0.03%	0.03%
	GLW	C	0.18%	0.02%	0.02%
	GOOGL	B	0.99%	0.02%	0.02%
	GPN	F	0.04%	0.01%	0.01%
	GS	B	0.05%	0.01%	0.01%
	GWW	B	0.19%	0.04%	0.04%
	HBAN	B	0.02%	0.02%	0.02%
	HD	A	0.58%	0.01%	0.01%
	HIG	A	0.12%	0.02%	0.02%
	HPE	B	0.15%	0.01%	0.01%
	HUM	F	0.06%	0.01%	0.01%
	IBM	A	0.63%	0.02%	0.02%
	ICE	A	0.13%	0.01%	0.01%
	INTC	D	0.17%	0.01%	0.01%
	ITW	C	0.32%	0.03%	0.03%
	JNJ	D	0.64%	0.01%	0.01%
	JPM	C	0.91%	0.01%	0.01%
	KDP	C	0.09%	0.01%	0.01%
	KLAC	B	0.18%	0.01%	0.01%
	LEN	C	0.07%	0.04%	0.04%
	LLY	D	1.1%	0.03%	0.03%
	LOW	C	0.25%	0.01%	0.01%
	LRCX	D	0.11%	0.01%	0.01%
	MA	A	0.61%	0.03%	0.03%
	MAR	A	0.02%	0.01%	0.01%
	MCD	A	0.37%	0.01%	0.01%
	MDT	C	0.23%	0.05%	0.05%
	MET	A	0.21%	0.01%	0.01%
	MKC	C	0.01%	0.02%	0.01%
	MMC	D	0.2%	0.04%	0.04%
	MMM	C	0.03%	0.01%	0.01%
	MRK	F	0.55%	0.01%	0.01%
	MRVL	C	0.1%	0.01%	0.01%
	MS	A	0.2%	0.01%	0.01%
	MSFT	D	4.05%	0.01%	0.01%
	MSI	A	0.24%	0.01%	0.01%
	MTB	A	0.08%	0.07%	0.07%
	MU	D	0.09%	0.03%	0.03%
	MUFG	D	0.07%	0.01%	0.01%
	NEM	C	0.11%	0.02%	0.02%
	NKE	D	0.13%	0.01%	0.01%
	NOW	B	0.33%	0.04%	0.04%
	NTAP	D	0.06%	0.02%	0.02%
	NTRS	B	0.04%	0.03%	0.03%
	NVDA	B	3.81%	0.01%	0.01%
	NVR	C	0.03%	0.03%	0.03%
	NXPI	F	0.01%	0.01%	0.01%
	O	C	0.07%	0.02%	0.02%
	OMC	C	0.03%	0.02%	0.02%
	ORCL	A	0.54%	0.02%	0.02%
	ORLY	A	0.17%	0.03%	0.03%
	PFE	D	0.22%	0.01%	0.01%
	PGR	B	0.22%	0.05%	0.05%
	PH	A	0.23%	0.01%	0.01%
	PLD	D	0.23%	0.01%	0.01%
	PNC	C	0.16%	0.01%	0.01%
	PPG	D	0.11%	0.03%	0.03%
	PRU	B	0.14%	0.01%	0.01%
	PWR	A	0.22%	0.03%	0.03%
	PYPL	A	0.12%	0.01%	0.01%
	QCOM	D	0.27%	0.01%	0.01%
	REGN	D	0.14%	0.02%	0.02%
	RF	B	0.06%	0.03%	0.03%
	RJF	B	0.03%	0.02%	0.02%
	ROP	D	0.02%	0.03%	0.02%
	RPRX	D	0.02%	0.01%	0.01%
	SBUX	B	0.15%	0.02%	0.02%
	SCHW	D	0.15%	0.01%	0.01%
	SHW	C	0.56%	0.02%	0.02%
	SPG	A	0.14%	0.01%	0.01%
	STT	A	0.02%	0.01%	0.01%
	SYF	A	0.07%	0.03%	0.03%
	SYK	C	0.23%	0.01%	0.01%
	T	B	0.18%	0.01%	0.01%
	TD	B	0.21%	0.01%	0.01%
	TGT	C	0.02%	0.01%	0.01%
	TJX	D	0.35%	0.07%	0.07%
	TMO	D	0.38%	0.01%	0.01%
	TMUS	A	0.11%	0.01%	0.01%
	TRV	B	0.14%	0.02%	0.02%
	TT	A	0.02%	0.02%	0.02%
	TXN	C	0.26%	0.01%	0.01%
	UNH	B	0.75%	0.01%	0.01%
	UPS	D	0.07%	0.01%	0.01%
	USB	C	0.11%	0.01%	0.01%
	V	B	0.66%	0.02%	0.02%
	VMC	D	0.01%	0.02%	0.01%
	VRSK	D	0.04%	0.04%	0.04%
	VRSN	C	0.01%	0.03%	0.01%
	VTR	C	0.06%	0.02%	0.02%
	VZ	C	0.22%	0.02%	0.02%
	WAB	A	0.08%	0.03%	0.03%
	WELL	C	0.14%	0.01%	0.01%
	WM	B	0.09%	0.01%	0.01%
	ZBH	F	0.04%	0.03%	0.03%
	ZTS	C	0.18%	0.01%	0.01%

NZAC Overweight 204 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	A	1.67%
	GOOG	B	1.39%
	TSLA	C	1.05%
	EIX	C	0.84%
	NVS	D	0.45%
	NFLX	A	0.42%
	SPGI	C	0.39%
	XYL	C	0.39%
	BRK.A	B	0.38%
	ACN	B	0.38%
	WMT	A	0.34%
	ACM	A	0.34%
	AMD	C	0.31%
	ISRG	C	0.28%
	INTU	F	0.27%
	ELV	F	0.22%
	MCO	D	0.22%
	UNP	F	0.22%
	PNR	C	0.21%
	FSLR	C	0.2%
	WFC	B	0.19%
	SONY	C	0.18%
	UBER	C	0.17%
	CBRE	C	0.17%
	MELI	D	0.16%
	BX	C	0.16%
	CDW	D	0.16%
	FFIV	B	0.16%
	FAST	C	0.15%
	FI	A	0.15%
	APO	A	0.14%
	HDB	D	0.14%
	VRTX	D	0.14%
	JNPR	C	0.14%
	AME	C	0.14%
	TDG	A	0.14%
	LI	C	0.13%
	ALL	A	0.13%
	PSA	C	0.12%
	AVB	C	0.12%
	INFY	B	0.12%
	PANW	B	0.12%
	DEO	C	0.12%
	IQV	F	0.12%
	KKR	A	0.11%
	PDD	B	0.1%
	TDY	A	0.1%
	ENPH	F	0.1%
	EW	F	0.1%
	SHOP	B	0.09%
	SCCO	B	0.09%
	CSX	D	0.09%
	ESS	D	0.09%
	ALLE	A	0.09%
	ROST	D	0.09%
	CHD	D	0.09%
	REG	C	0.08%
	RVTY	C	0.08%
	CTSH	B	0.08%
	ROK	D	0.08%
	YUM	C	0.08%
	AIZ	B	0.08%
	RS	D	0.08%
	PAYX	B	0.08%
	LIN	C	0.08%
	ADSK	B	0.08%
	KEYS	B	0.07%
	MKL	B	0.07%
	WRB	C	0.07%
	DHI	C	0.07%
	LULU	D	0.07%
	FTNT	A	0.07%
	WTW	C	0.07%
	CMG	C	0.07%
	WIT	C	0.07%
	AFG	A	0.07%
	MTD	C	0.07%
	IDXX	D	0.07%
	RMD	C	0.07%
	HSY	D	0.06%
	TRMB	B	0.06%
	IRM	B	0.06%
	CINF	A	0.06%
	ECL	C	0.06%
	ANET	A	0.06%
	TCOM	A	0.06%
	GRMN	D	0.06%
	TTD	A	0.05%
	URI	C	0.05%
	HOLX	D	0.05%
	EL	D	0.05%
	BRO	A	0.05%
	PCAR	D	0.05%
	ULTA	D	0.05%
	HSIC	D	0.05%
	BCS	B	0.04%
	STZ	D	0.04%
	CPRT	B	0.04%
	PLTR	A	0.04%
	ALNY	C	0.04%
	NDAQ	C	0.04%
	LYV	A	0.04%
	CPAY	A	0.04%
	ERIE	A	0.04%
	IEX	D	0.04%
	AXON	A	0.04%
	TER	C	0.04%
	BIDU	C	0.04%
	TROW	D	0.04%
	XPEV	C	0.04%
	CEG	A	0.04%
	ABNB	D	0.04%
	UHAL	C	0.04%
	PHM	C	0.04%
	EXR	D	0.04%
	POOL	D	0.03%
	GDDY	B	0.03%
	CSGP	F	0.03%
	XRX	D	0.03%
	MNST	D	0.03%
	BAH	C	0.03%
	ALGN	D	0.03%
	STE	D	0.03%
	VICI	C	0.03%
	CCEP	C	0.03%
	VEEV	C	0.03%
	FOX	B	0.03%
	VLTO	A	0.03%
	IT	A	0.03%
	LKQ	F	0.03%
	BURL	C	0.03%
	DXCM	F	0.03%
	SBAC	C	0.03%
	CBOE	B	0.03%
	AVTR	D	0.03%
	ILMN	B	0.03%
	NSC	C	0.03%
	IPG	D	0.02%
	PINS	D	0.02%
	TW	A	0.02%
	LYG	C	0.02%
	TEVA	D	0.02%
	ZM	B	0.02%
	WST	D	0.02%
	ROL	C	0.02%
	BMRN	F	0.02%
	SEIC	B	0.02%
	DASH	A	0.02%
	VRT	B	0.02%
	PODD	C	0.02%
	COIN	F	0.02%
	WAT	B	0.02%
	ZBRA	B	0.02%
	SQ	D	0.02%
	MOH	F	0.02%
	SNOW	F	0.02%
	HEI	C	0.02%
	MRNA	F	0.02%
	ODFL	F	0.02%
	TFX	C	0.02%
	ASAI	F	0.02%
	HLT	A	0.02%
	CTLT	A	0.02%
	BCH	D	0.02%
	WDAY	D	0.02%
	NIO	C	0.02%
	STLD	C	0.01%
	MBAVU	C	0.01%
	BBWI	F	0.01%
	PAYC	D	0.01%
	QGEN	F	0.01%
	MSTR	B	0.01%
	RIVN	F	0.01%
	SQ	D	0.01%
	WYNN	B	0.01%
	EPAM	F	0.01%
	SWKS	F	0.01%
	ALB	D	0.01%
	SUI	D	0.01%
	MTCH	B	0.01%
	JKHY	A	0.01%
	SNAP	D	0.01%
	DOCU	A	0.01%
	KVUE	C	0.01%
	CLX	C	0.01%
	BIO	B	0.01%
	EXAS	C	0.01%
	FDS	C	0.01%
	TECH	D	0.01%
	MKTX	B	0.01%
	INCY	B	0.01%
	NBIX	F	0.01%
	MAS	C	0.01%
	KB	D	0.01%
	CG	B	0.01%
	TRU	C	0.01%
	Z	C	0.01%
	QFIN	A	0.01%
	SNA	C	0.01%
	ANSS	D	0.01%
	CRWD	D	0.01%
	WPC	C	0.01%
	WIT	C	0.0%
	NIO	C	0.0%

NZAC Underweight 83 Positions Relative to VCEB

	Symbol	Grade	Weight
	DT	B	-0.19%
	MOS	F	-0.06%
	WRK	C	-0.06%
	DD	C	-0.06%
	MCHP	F	-0.04%
	KMB	D	-0.04%
	OTIS	A	-0.04%
	STLA	F	-0.04%
	CPT	C	-0.04%
	EXPE	B	-0.04%
	CMA	C	-0.03%
	BWA	C	-0.03%
	BG	F	-0.03%
	SJM	D	-0.03%
	LH	D	-0.03%
	K	B	-0.03%
	IFF	D	-0.03%
	HAS	A	-0.03%
	BHF	D	-0.03%
	CFG	C	-0.03%
	DG	F	-0.03%
	VOD	D	-0.03%
	HUN	B	-0.02%
	HST	D	-0.02%
	HRL	F	-0.02%
	MCK	F	-0.02%
	LEA	F	-0.02%
	QRVO	F	-0.02%
	RL	B	-0.02%
	BEN	F	-0.02%
	UHS	D	-0.02%
	CAH	B	-0.02%
	XRAY	D	-0.02%
	CSL	A	-0.02%
	CMI	A	-0.02%
	EMN	C	-0.02%
	VFC	A	-0.02%
	CF	A	-0.02%
	AWK	D	-0.02%
	MLM	F	-0.02%
	SWK	C	-0.02%
	WBA	F	-0.02%
	ADM	F	-0.02%
	CPB	D	-0.02%
	APD	C	-0.02%
	FITB	C	-0.02%
	DB	A	-0.02%
	HCA	C	-0.02%
	HSBC	A	-0.02%
	GSK	F	-0.02%
	EXP	C	-0.01%
	GLPI	C	-0.01%
	WB	B	-0.01%
	MDLZ	D	-0.01%
	RSG	D	-0.01%
	BRX	C	-0.01%
	KEY	B	-0.01%
	ARE	D	-0.01%
	KO	C	-0.01%
	TSN	D	-0.01%
	BMO	B	-0.01%
	BERY	C	-0.01%
	CM	C	-0.01%
	AER	C	-0.01%
	HPQ	B	-0.01%
	CAT	A	-0.01%
	CAG	D	-0.01%
	BNS	C	-0.01%
	SYY	D	-0.01%
	FDX	F	-0.01%
	DOW	B	-0.01%
	PEP	F	-0.01%
	AL	D	-0.01%
	LUV	B	-0.01%
	GM	D	-0.01%
	CI	D	-0.01%
	VTRS	D	-0.01%
	TFC	D	-0.01%
	PG	D	-0.01%
	NWG	B	-0.01%
	RY	C	-0.01%
	DELL	C	-0.01%
	CVS	D	-0.01%

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 Bank Dow Jones Component Banking Medicine Telecommunications Insurance Products Mobile Devices Investment Bank Electronics Financial Products Real Estate Investment Trust Work From Home Biotechnology IBD 50 Chemical Cloud Computing

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Business Services Credit Services Packaged Foods Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics