ACWI vs. NZAC ETF Comparison

Comparison of iShares MSCI ACWI Index Fund (ACWI) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

ACWI

iShares MSCI ACWI Index Fund

ACWI Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index. The fund 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 is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. Components primarily include consumer discretionary, consumer staples, energy, financial, industrials and information technology companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$120.44

Average Daily Volume

1,917,440

Number of Holdings ^*

616

* 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	ACWI	NZAC
30 Days	1.42%	0.97%
60 Days	1.89%	0.81%
90 Days	3.03%	2.64%
12 Months	25.57%	25.98%

352 Overlapping Holdings

Symbol	Grade	Weight in ACWI	Weight in NZAC	Overlap
A	D	0.05%	0.06%	0.05%
AAPL	C	4.24%	4.47%	4.24%
ABBV	D	0.38%	0.6%	0.38%
ABBV	D	0.38%	0.34%	0.34%
ABNB	C	0.07%	0.05%	0.05%
ABT	B	0.26%	0.19%	0.19%
ACGL	D	0.05%	0.12%	0.05%
ACM	A	0.02%	0.36%	0.02%
ACN	C	0.28%	0.39%	0.28%
ADBE	C	0.28%	0.35%	0.28%
ADI	D	0.14%	0.46%	0.14%
ADP	B	0.15%	0.2%	0.15%
ADSK	A	0.08%	0.09%	0.08%
AFG	A	0.01%	0.07%	0.01%
AFL	B	0.08%	0.28%	0.08%
AIG	B	0.07%	0.14%	0.07%
AIZ	A	0.02%	0.09%	0.02%
AJG	B	0.08%	0.07%	0.07%
ALB	C	0.02%	0.01%	0.01%
ALGN	D	0.02%	0.03%	0.02%
ALL	A	0.07%	0.14%	0.07%
ALLE	D	0.02%	0.09%	0.02%
ALLY	C	0.01%	0.02%	0.01%
ALNY	D	0.04%	0.03%	0.03%
AMAT	F	0.18%	0.12%	0.12%
AMD	F	0.29%	0.27%	0.27%
AME	A	0.06%	0.16%	0.06%
AMGN	D	0.19%	0.21%	0.19%
AMP	A	0.07%	0.16%	0.07%
AMT	D	0.12%	0.11%	0.11%
AMZN	C	2.45%	2.38%	2.38%
ANET	C	0.13%	0.06%	0.06%
ANSS	B	0.04%	0.02%	0.02%
AON	A	0.1%	0.11%	0.1%
APH	A	0.11%	0.11%	0.11%
APO	B	0.09%	0.17%	0.09%
AVB	B	0.04%	0.12%	0.04%
AVGO	D	0.93%	1.1%	0.93%
AVTR	F	0.02%	0.03%	0.02%
AXON	A	0.06%	0.06%	0.06%
AXP	A	0.21%	0.36%	0.21%
AZO	C	0.07%	0.1%	0.07%
BABA	D	0.21%	0.24%	0.21%
BAC	A	0.42%	0.44%	0.42%
BAH	F	0.02%	0.03%	0.02%
BAX	D	0.02%	0.02%	0.02%
BBWI	D	0.01%	0.01%	0.01%
BDX	F	0.08%	0.11%	0.08%
BIDU	F	0.03%	0.03%	0.03%
BIIB	F	0.03%	0.03%	0.03%
BIO	D	0.01%	0.01%	0.01%
BK	A	0.07%	0.13%	0.07%
BKNG	A	0.22%	0.24%	0.22%
BLK	C	0.19%	0.27%	0.19%
BMRN	D	0.01%	0.02%	0.01%
BMY	B	0.15%	0.24%	0.15%
BR	A	0.04%	0.08%	0.04%
BRK.A	B	0.79%	0.39%	0.39%
BRO	B	0.03%	0.05%	0.03%
BSX	B	0.17%	0.31%	0.17%
BURL	A	0.02%	0.03%	0.02%
BX	A	0.17%	0.19%	0.17%
BXP	D	0.01%	0.07%	0.01%
C	A	0.17%	0.01%	0.01%
CARR	D	0.08%	0.03%	0.03%
CB	C	0.14%	0.24%	0.14%
CBOE	B	0.03%	0.03%	0.03%
CBRE	B	0.05%	0.18%	0.05%
CCI	D	0.06%	0.07%	0.06%
CDW	F	0.03%	0.13%	0.03%
CEG	D	0.09%	0.04%	0.04%
CG	A	0.01%	0.02%	0.01%
CHD	B	0.03%	0.1%	0.03%
CHTR	C	0.05%	0.07%	0.05%
CINF	A	0.03%	0.07%	0.03%
CLX	B	0.03%	0.01%	0.01%
CMCSA	B	0.21%	0.25%	0.21%
CME	A	0.1%	0.12%	0.1%
CMG	B	0.1%	0.07%	0.07%
COF	B	0.09%	0.14%	0.09%
COIN	C	0.08%	0.04%	0.04%
CPAY	A	0.03%	0.05%	0.03%
CPRT	A	0.06%	0.04%	0.04%
CRM	B	0.4%	0.42%	0.4%
CRWD	B	0.1%	0.02%	0.02%
CSCO	B	0.29%	0.4%	0.29%
CSGP	D	0.04%	0.02%	0.02%
CSX	B	0.09%	0.09%	0.09%
CTAS	B	0.1%	0.04%	0.04%
CTLT	B	0.01%	0.02%	0.01%
CTSH	B	0.05%	0.08%	0.05%
DASH	A	0.07%	0.02%	0.02%
DE	A	0.13%	0.14%	0.13%
DFS	B	0.06%	0.09%	0.06%
DGX	A	0.02%	0.02%	0.02%
DHI	D	0.06%	0.06%	0.06%
DHR	F	0.2%	0.19%	0.19%
DIS	B	0.26%	0.29%	0.26%
DLR	B	0.08%	0.39%	0.08%
DLTR	F	0.02%	0.02%	0.02%
DOC	D	0.02%	0.01%	0.01%
DOCU	A	0.02%	0.01%	0.01%
DXCM	D	0.04%	0.04%	0.04%
EA	A	0.05%	0.01%	0.01%
EBAY	D	0.04%	0.14%	0.04%
ECL	D	0.08%	0.06%	0.06%
EFX	F	0.04%	0.03%	0.03%
EG	C	0.02%	0.03%	0.02%
EIX	B	0.04%	0.81%	0.04%
EL	F	0.02%	0.03%	0.02%
ELV	F	0.12%	0.17%	0.12%
ENPH	F	0.01%	0.05%	0.01%
EPAM	C	0.02%	0.01%	0.01%
EQH	B	0.02%	0.1%	0.02%
EQIX	A	0.11%	0.33%	0.11%
EQR	B	0.03%	0.07%	0.03%
ERIE	D	0.01%	0.03%	0.01%
ESS	B	0.02%	0.1%	0.02%
ETN	A	0.19%	0.28%	0.19%
EW	C	0.05%	0.11%	0.05%
EXAS	D	0.01%	0.01%	0.01%
EXR	D	0.05%	0.04%	0.04%
FAST	B	0.06%	0.17%	0.06%
FDS	B	0.03%	0.01%	0.01%
FFIV	B	0.02%	0.18%	0.02%
FI	A	0.16%	0.18%	0.16%
FIS	C	0.06%	0.07%	0.06%
FOX	A	0.01%	0.03%	0.01%
FOXA	B	0.01%	0.04%	0.01%
FSLR	F	0.02%	0.16%	0.02%
FTNT	C	0.07%	0.09%	0.07%
FTV	C	0.03%	0.09%	0.03%
GDDY	A	0.03%	0.03%	0.03%
GILD	C	0.14%	0.06%	0.06%
GIS	D	0.04%	0.08%	0.04%
GLW	B	0.05%	0.19%	0.05%
GOOG	C	1.16%	1.45%	1.16%
GOOGL	C	1.34%	1.03%	1.03%
GPN	B	0.04%	0.05%	0.04%
GRMN	B	0.04%	0.08%	0.04%
GS	A	0.24%	0.06%	0.06%
GWW	B	0.07%	0.21%	0.07%
HBAN	A	0.03%	0.02%	0.02%
HD	A	0.52%	0.58%	0.52%
HDB	C	0.11%	0.14%	0.11%
HEI	B	0.02%	0.02%	0.02%
HEI	B	0.02%	0.02%	0.02%
HIG	B	0.05%	0.12%	0.05%
HLT	A	0.08%	0.02%	0.02%
HOLX	D	0.02%	0.05%	0.02%
HPE	B	0.03%	0.16%	0.03%
HSIC	B	0.01%	0.05%	0.01%
HSY	F	0.03%	0.05%	0.03%
HUM	C	0.04%	0.06%	0.04%
IBM	C	0.24%	0.6%	0.24%
ICE	C	0.11%	0.13%	0.11%
IDXX	F	0.04%	0.06%	0.04%
IEX	B	0.02%	0.04%	0.02%
ILMN	D	0.03%	0.04%	0.03%
INCY	C	0.01%	0.01%	0.01%
INTC	D	0.13%	0.18%	0.13%
INTU	C	0.23%	0.31%	0.23%
IPG	D	0.01%	0.01%	0.01%
IQV	D	0.04%	0.1%	0.04%
IRM	D	0.04%	0.06%	0.04%
ISRG	A	0.24%	0.31%	0.24%
IT	C	0.05%	0.03%	0.03%
ITW	B	0.1%	0.33%	0.1%
JKHY	D	0.02%	0.01%	0.01%
JNJ	D	0.47%	0.62%	0.47%
JNPR	F	0.01%	0.13%	0.01%
JPM	A	0.89%	1.09%	0.89%
KDP	D	0.05%	0.08%	0.05%
KEYS	A	0.03%	0.06%	0.03%
KKR	A	0.12%	0.13%	0.12%
KLAC	D	0.11%	0.15%	0.11%
KVUE	A	0.06%	0.01%	0.01%
LEN	D	0.05%	0.06%	0.05%
LH	C	0.03%	0.02%	0.02%
LI	F	0.02%	0.11%	0.02%
LIN	D	0.27%	0.07%	0.07%
LKQ	D	0.01%	0.03%	0.01%
LLY	F	0.75%	0.94%	0.75%
LOW	D	0.19%	0.25%	0.19%
LRCX	F	0.12%	0.1%	0.1%
LULU	C	0.04%	0.08%	0.04%
LYV	A	0.03%	0.05%	0.03%
MA	C	0.55%	0.65%	0.55%
MAR	B	0.09%	0.02%	0.02%
MAS	D	0.02%	0.01%	0.01%
MBAVU	D	0.01%	0.01%	0.01%
MCD	D	0.27%	0.36%	0.27%
MCO	B	0.1%	0.22%	0.1%
MDT	D	0.14%	0.23%	0.14%
MELI	D	0.11%	0.14%	0.11%
MET	A	0.07%	0.21%	0.07%
META	D	1.57%	1.62%	1.57%
MKC	D	0.02%	0.01%	0.01%
MKL	A	0.03%	0.07%	0.03%
MKTX	D	0.01%	0.01%	0.01%
MMC	B	0.14%	0.2%	0.14%
MMM	D	0.09%	0.02%	0.02%
MNST	C	0.05%	0.03%	0.03%
MOH	F	0.02%	0.02%	0.02%
MRK	F	0.31%	0.47%	0.31%
MRNA	F	0.02%	0.01%	0.01%
MRVL	B	0.1%	0.12%	0.1%
MS	A	0.21%	0.26%	0.21%
MSFT	F	3.76%	4.03%	3.76%
MSI	B	0.1%	0.27%	0.1%
MSTR	C	0.09%	0.02%	0.02%
MTB	A	0.05%	0.1%	0.05%
MTCH	D	0.01%	0.01%	0.01%
MTD	D	0.03%	0.06%	0.03%
MU	D	0.14%	0.09%	0.09%
MUFG	B	0.17%	0.08%	0.08%
NBIX	C	0.01%	0.01%	0.01%
NDAQ	A	0.04%	0.04%	0.04%
NEM	D	0.06%	0.08%	0.06%
NFLX	A	0.48%	0.49%	0.48%
NIO	F	0.01%	0.02%	0.01%
NIO	F	0.01%	0.0%	0.0%
NKE	D	0.11%	0.11%	0.11%
NOW	A	0.27%	0.39%	0.27%
NSC	B	0.07%	0.04%	0.04%
NTAP	C	0.03%	0.06%	0.03%
NTRS	A	0.03%	0.05%	0.03%
NVDA	C	4.62%	4.67%	4.62%
NVR	D	0.04%	0.03%	0.03%
NXPI	D	0.07%	0.01%	0.01%
O	D	0.06%	0.07%	0.06%
ODFL	B	0.05%	0.02%	0.02%
OMC	C	0.03%	0.03%	0.03%
ORCL	B	0.4%	0.59%	0.4%
ORLY	B	0.09%	0.18%	0.09%
PANW	C	0.16%	0.14%	0.14%
PAYC	B	0.01%	0.01%	0.01%
PAYX	C	0.06%	0.08%	0.06%
PCAR	B	0.07%	0.06%	0.06%
PFE	D	0.18%	0.19%	0.18%
PGR	A	0.19%	0.22%	0.19%
PH	A	0.11%	0.25%	0.11%
PHM	D	0.04%	0.04%	0.04%
PINS	D	0.02%	0.01%	0.01%
PLD	D	0.14%	0.21%	0.14%
PLTR	B	0.16%	0.07%	0.07%
PNC	B	0.1%	0.19%	0.1%
PNR	A	0.02%	0.23%	0.02%
PODD	C	0.02%	0.02%	0.02%
POOL	C	0.02%	0.02%	0.02%
PPG	F	0.04%	0.11%	0.04%
PRU	A	0.06%	0.15%	0.06%
PSA	D	0.07%	0.11%	0.07%
PWR	A	0.06%	0.24%	0.06%
PYPL	B	0.11%	0.13%	0.11%
QCOM	F	0.23%	0.26%	0.23%
REG	B	0.02%	0.08%	0.02%
REGN	F	0.1%	0.1%	0.1%
RF	A	0.03%	0.07%	0.03%
RIVN	F	0.01%	0.01%	0.01%
RJF	A	0.04%	0.04%	0.04%
RMD	C	0.04%	0.07%	0.04%
ROK	B	0.04%	0.08%	0.04%
ROL	B	0.02%	0.02%	0.02%
ROP	B	0.08%	0.02%	0.02%
ROST	C	0.06%	0.09%	0.06%
RPRX	D	0.01%	0.02%	0.01%
RS	B	0.02%	0.08%	0.02%
RVTY	F	0.02%	0.07%	0.02%
SBAC	D	0.03%	0.03%	0.03%
SBUX	A	0.14%	0.15%	0.14%
SCHW	B	0.15%	0.19%	0.15%
SEIC	B	0.01%	0.02%	0.01%
SHW	A	0.11%	0.56%	0.11%
SMCI	F	0.02%	0.01%	0.01%
SNA	A	0.03%	0.02%	0.02%
SNAP	C	0.01%	0.01%	0.01%
SNOW	C	0.05%	0.02%	0.02%
SONY	B	0.15%	0.17%	0.15%
SPG	B	0.08%	0.15%	0.08%
SPGI	C	0.21%	0.38%	0.21%
SQ	B	0.06%	0.01%	0.01%
SQ	B	0.06%	0.02%	0.02%
STE	F	0.03%	0.03%	0.03%
STLD	B	0.03%	0.01%	0.01%
STT	A	0.04%	0.02%	0.02%
STZ	D	0.05%	0.03%	0.03%
SUI	D	0.02%	0.01%	0.01%
SWKS	F	0.02%	0.01%	0.01%
SYF	B	0.03%	0.09%	0.03%
SYK	C	0.17%	0.25%	0.17%
T	A	0.21%	0.18%	0.18%
TCOM	B	0.04%	0.06%	0.04%
TDG	D	0.09%	0.13%	0.09%
TDY	B	0.03%	0.1%	0.03%
TECH	D	0.01%	0.01%	0.01%
TER	D	0.02%	0.03%	0.02%
TFX	F	0.01%	0.02%	0.01%
TGT	F	0.09%	0.02%	0.02%
TJX	A	0.17%	0.36%	0.17%
TMO	F	0.25%	0.32%	0.25%
TMUS	B	0.16%	0.13%	0.13%
TRMB	B	0.02%	0.07%	0.02%
TROW	B	0.03%	0.05%	0.03%
TRU	D	0.02%	0.01%	0.01%
TRV	B	0.07%	0.15%	0.07%
TSLA	B	1.27%	1.32%	1.27%
TT	A	0.12%	0.02%	0.02%
TTD	B	0.07%	0.05%	0.05%
TW	A	0.02%	0.02%	0.02%
TXN	C	0.23%	0.27%	0.23%
UBER	D	0.17%	0.17%	0.17%
UHAL	D	0.01%	0.04%	0.01%
ULTA	F	0.02%	0.05%	0.02%
UNH	C	0.68%	0.77%	0.68%
UNP	C	0.18%	0.21%	0.18%
UPS	C	0.12%	0.07%	0.07%
URI	B	0.07%	0.05%	0.05%
USB	A	0.1%	0.12%	0.1%
V	A	0.63%	0.75%	0.63%
VEEV	C	0.04%	0.03%	0.03%
VICI	C	0.04%	0.03%	0.03%
VLTO	D	0.03%	0.03%	0.03%
VMC	B	0.05%	0.02%	0.02%
VRSK	A	0.05%	0.05%	0.05%
VRSN	F	0.02%	0.01%	0.01%
VRT	B	0.06%	0.02%	0.02%
VRTX	F	0.15%	0.14%	0.14%
VTR	C	0.03%	0.06%	0.03%
VZ	C	0.22%	0.21%	0.21%
WAB	B	0.04%	0.08%	0.04%
WAT	B	0.03%	0.02%	0.02%
WDAY	B	0.07%	0.03%	0.03%
WELL	A	0.11%	0.15%	0.11%
WFC	A	0.33%	0.25%	0.25%
WIT	A	0.01%	0.0%	0.0%
WIT	A	0.01%	0.07%	0.01%
WM	A	0.11%	0.1%	0.1%
WMT	A	0.49%	0.35%	0.35%
WPC	D	0.02%	0.01%	0.01%
WRB	A	0.02%	0.07%	0.02%
WST	C	0.03%	0.02%	0.02%
WTW	B	0.04%	0.07%	0.04%
WYNN	D	0.01%	0.01%	0.01%
XPEV	C	0.01%	0.04%	0.01%
XYL	D	0.04%	0.36%	0.04%
YUM	B	0.05%	0.07%	0.05%
Z	A	0.02%	0.02%	0.02%
ZBH	C	0.03%	0.05%	0.03%
ZBRA	B	0.02%	0.02%	0.02%
ZM	B	0.02%	0.02%	0.02%
ZTS	D	0.1%	0.16%	0.1%

ACWI Overweight 268 Positions Relative to NZAC

Symbol	Grade	Weight
XOM	B	0.68%
COST	B	0.53%
PG	A	0.51%
CVX	A	0.36%
KO	D	0.33%
PEP	F	0.27%
GE	D	0.25%
PM	B	0.25%
CAT	B	0.24%
TM	D	0.23%
NEE	D	0.2%
RTX	C	0.2%
HON	B	0.19%
COP	C	0.17%
LMT	D	0.15%
BA	F	0.14%
CI	F	0.12%
GEV	B	0.12%
SO	D	0.12%
MO	A	0.12%
CDNS	B	0.11%
MDLZ	F	0.11%
DUK	C	0.11%
SMFG	B	0.11%
EOG	A	0.1%
IBN	C	0.1%
MCK	B	0.1%
SNPS	B	0.1%
HCA	F	0.09%
FDX	B	0.09%
NOC	D	0.09%
CVS	D	0.09%
CRH	A	0.09%
WMB	A	0.09%
APD	A	0.09%
CL	D	0.09%
EMR	A	0.09%
SLB	C	0.08%
SRE	A	0.08%
FCX	D	0.08%
TFC	A	0.08%
GM	B	0.08%
GD	F	0.08%
OKE	A	0.08%
APP	B	0.08%
LNG	B	0.07%
VST	B	0.07%
PSX	C	0.07%
FICO	B	0.07%
JCI	C	0.07%
MPC	D	0.07%
MFG	B	0.07%
RCL	A	0.07%
KMI	A	0.07%
PEG	A	0.06%
KMB	D	0.06%
TEL	B	0.06%
HWM	A	0.06%
LHX	C	0.06%
RSG	A	0.06%
VLO	C	0.06%
FLUT	A	0.06%
MSCI	C	0.06%
D	C	0.06%
WCN	A	0.06%
CMI	A	0.06%
AEP	D	0.06%
HPQ	B	0.05%
MLM	B	0.05%
DDOG	A	0.05%
SYY	B	0.05%
XEL	A	0.05%
EXC	C	0.05%
DELL	C	0.05%
TEAM	A	0.05%
KR	B	0.05%
CTVA	C	0.05%
HES	B	0.05%
OTIS	C	0.05%
HMC	F	0.05%
FERG	B	0.05%
TRGP	B	0.05%
PCG	A	0.05%
F	C	0.05%
COR	B	0.05%
IR	B	0.05%
BKR	B	0.05%
TPL	A	0.04%
DOV	A	0.04%
ON	D	0.04%
MPWR	F	0.04%
SW	A	0.04%
NET	B	0.04%
CAH	B	0.04%
TSCO	D	0.04%
TTWO	A	0.04%
WEC	A	0.04%
CNC	D	0.04%
FITB	A	0.04%
DOW	F	0.04%
ETR	B	0.04%
ED	D	0.04%
ARES	A	0.04%
HUBS	A	0.04%
OXY	D	0.04%
DD	D	0.04%
FANG	D	0.04%
NUE	C	0.04%
MCHP	D	0.04%
GEHC	F	0.04%
STX	D	0.03%
DRI	B	0.03%
PFG	D	0.03%
COO	D	0.03%
LII	A	0.03%
LDOS	C	0.03%
WDC	D	0.03%
PKG	A	0.03%
MDB	C	0.03%
NRG	B	0.03%
WY	D	0.03%
LYB	F	0.03%
CNP	B	0.03%
CSL	C	0.03%
K	A	0.03%
WBD	C	0.03%
CFG	B	0.03%
ES	D	0.03%
ATO	A	0.03%
INVH	D	0.03%
BLDR	D	0.03%
PTC	A	0.03%
LPLA	A	0.03%
FE	C	0.03%
IFF	D	0.03%
FCNCA	A	0.03%
EXPE	B	0.03%
EME	C	0.03%
HUBB	B	0.03%
DVN	F	0.03%
RBLX	C	0.03%
DTE	C	0.03%
TYL	B	0.03%
PPL	B	0.03%
CCL	B	0.03%
EQT	B	0.03%
HAL	C	0.03%
ADM	D	0.03%
DECK	A	0.03%
AWK	D	0.03%
AEE	A	0.03%
KHC	F	0.03%
DKS	C	0.02%
KMX	B	0.02%
HST	C	0.02%
UHS	D	0.02%
ELS	C	0.02%
OKTA	C	0.02%
CPT	B	0.02%
AMH	D	0.02%
NDSN	B	0.02%
BG	F	0.02%
CHRW	C	0.02%
CAG	D	0.02%
UDR	B	0.02%
SWK	D	0.02%
AKAM	D	0.02%
DT	C	0.02%
CHT	D	0.02%
APTV	D	0.02%
TOST	B	0.02%
AMCR	D	0.02%
VTRS	A	0.02%
GGG	B	0.02%
EVRG	A	0.02%
ENTG	D	0.02%
JBHT	C	0.02%
UTHR	C	0.02%
JBL	B	0.02%
DPZ	C	0.02%
NI	A	0.02%
SSNC	B	0.02%
TXT	D	0.02%
GLPI	C	0.02%
LNT	A	0.02%
TWLO	A	0.02%
FWONK	B	0.02%
UMC	F	0.02%
J	F	0.02%
CF	B	0.02%
PSTG	D	0.02%
FNF	B	0.02%
KIM	A	0.02%
DG	F	0.02%
MANH	D	0.02%
GEN	B	0.02%
AVY	D	0.02%
KEY	B	0.02%
LVS	C	0.02%
GPC	D	0.02%
EXPD	D	0.02%
TSN	B	0.02%
RPM	A	0.02%
OC	A	0.02%
ARE	D	0.02%
YUMC	C	0.02%
MRO	B	0.02%
WSM	B	0.02%
IP	B	0.02%
L	A	0.02%
MAA	B	0.02%
HOOD	B	0.02%
WSO	A	0.02%
DKNG	B	0.02%
BALL	D	0.02%
NMR	B	0.02%
BBY	D	0.02%
CMS	C	0.02%
ZS	C	0.02%
CTRA	B	0.02%
EXE	B	0.02%
CELH	F	0.01%
BILI	D	0.01%
WLK	D	0.01%
LUV	C	0.01%
PARA	C	0.01%
WBA	F	0.01%
H	B	0.01%
DINO	D	0.01%
AGCO	D	0.01%
BEN	C	0.01%
ACI	C	0.01%
QRVO	F	0.01%
AZPN	A	0.01%
HII	D	0.01%
CE	F	0.01%
APA	D	0.01%
MOS	F	0.01%
BSY	D	0.01%
TTC	D	0.01%
TME	D	0.01%
HRL	D	0.01%
FBIN	D	0.01%
DVA	B	0.01%
WTRG	B	0.01%
CRL	C	0.01%
CPB	D	0.01%
MGM	D	0.01%
KNX	B	0.01%
NLY	C	0.01%
ROKU	D	0.01%
BGNE	D	0.01%
AOS	F	0.01%
AES	F	0.01%
DAL	C	0.01%
CNH	C	0.01%
SOLV	C	0.01%
CHRD	D	0.01%
DAY	B	0.01%
LW	C	0.01%
IOT	A	0.01%
CCK	C	0.01%
SJM	D	0.01%
NWSA	B	0.01%
EMN	D	0.01%
TAP	C	0.01%
OVV	B	0.01%
MNSO	F	0.0%

ACWI Underweight 19 Positions Relative to NZAC

Symbol	Grade	Weight
NVS	D	-0.41%
TD	F	-0.19%
SHOP	B	-0.12%
INFY	B	-0.11%
DEO	F	-0.1%
SCCO	F	-0.08%
PDD	F	-0.08%
HSBH	B	-0.07%
BCS	C	-0.04%
AZN	D	-0.03%
XRX	F	-0.03%
CCEP	C	-0.03%
BCH	F	-0.02%
ASAI	F	-0.02%
QGEN	D	-0.01%
KB	B	-0.01%
QFIN	B	-0.01%
LYG	F	-0.01%
TEVA	D	-0.01%