EFIV vs. ACWV ETF Comparison

Comparison of SPDR S&P 500 ESG ETF (EFIV) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	EFIV	ACWV
30 Days	2.81%	0.32%
60 Days	4.79%	-0.25%
90 Days	5.59%	1.23%
12 Months	30.64%	18.77%

73 Overlapping Holdings

Symbol	Grade	Weight in EFIV	Weight in ACWV	Overlap
ABBV	D	0.84%	0.49%	0.49%
ABT	B	0.56%	0.1%	0.1%
ACGL	D	0.11%	0.57%	0.11%
ACN	C	0.65%	0.26%	0.26%
AIZ	A	0.03%	0.13%	0.03%
AJG	B	0.18%	0.33%	0.18%
AKAM	D	0.04%	0.27%	0.04%
AMGN	D	0.45%	0.34%	0.34%
AON	A	0.23%	0.35%	0.23%
BDX	F	0.19%	0.22%	0.19%
BMY	B	0.33%	0.25%	0.25%
CAG	D	0.04%	0.05%	0.04%
CAH	B	0.09%	0.18%	0.09%
CB	C	0.3%	0.88%	0.3%
CBOE	B	0.06%	0.54%	0.06%
CF	B	0.04%	0.25%	0.04%
CHRW	C	0.04%	0.06%	0.04%
CI	F	0.26%	0.24%	0.24%
CL	D	0.21%	0.35%	0.21%
CME	A	0.23%	0.23%	0.23%
COR	B	0.12%	1.05%	0.12%
CPB	D	0.02%	0.22%	0.02%
CSCO	B	0.66%	1.57%	0.66%
CTVA	C	0.11%	0.12%	0.11%
DGX	A	0.05%	0.15%	0.05%
EA	A	0.11%	0.63%	0.11%
ED	D	0.09%	0.84%	0.09%
EG	C	0.04%	0.1%	0.04%
ELV	F	0.27%	0.42%	0.27%
FANG	D	0.09%	0.06%	0.06%
FI	A	0.34%	0.48%	0.34%
GILD	C	0.32%	0.48%	0.32%
GIS	D	0.1%	0.61%	0.1%
GPC	D	0.05%	0.05%	0.05%
HOLX	D	0.05%	0.05%	0.05%
HRL	D	0.02%	0.23%	0.02%
HSY	F	0.08%	0.44%	0.08%
HUM	C	0.1%	0.31%	0.1%
INCY	C	0.04%	0.38%	0.04%
JKHY	D	0.04%	0.2%	0.04%
K	A	0.06%	0.57%	0.06%
KDP	D	0.11%	0.36%	0.11%
KHC	F	0.08%	0.33%	0.08%
KO	D	0.68%	0.05%	0.05%
KR	B	0.11%	0.83%	0.11%
LLY	F	1.79%	0.52%	0.52%
MA	C	1.2%	0.19%	0.19%
MCD	D	0.59%	1.02%	0.59%
MDLZ	F	0.25%	0.25%	0.25%
MMC	B	0.31%	0.88%	0.31%
MPC	D	0.15%	0.15%	0.15%
MRK	F	0.7%	1.06%	0.7%
MSFT	F	8.8%	0.76%	0.76%
NEM	D	0.13%	0.09%	0.09%
PEP	F	0.63%	1.08%	0.63%
PG	A	1.09%	0.82%	0.82%
REGN	F	0.24%	0.61%	0.24%
RSG	A	0.12%	1.19%	0.12%
SJM	D	0.03%	0.27%	0.03%
T	A	0.45%	0.26%	0.26%
TJX	A	0.38%	0.37%	0.37%
TMUS	B	0.33%	2.03%	0.33%
TRGP	B	0.12%	0.08%	0.08%
TRV	B	0.16%	0.32%	0.16%
TSN	B	0.05%	0.32%	0.05%
ULTA	F	0.05%	0.16%	0.05%
UNH	C	1.56%	0.83%	0.83%
V	A	1.44%	0.59%	0.59%
WM	A	0.23%	1.5%	0.23%
WMT	A	1.03%	1.82%	1.03%
WTW	B	0.09%	0.1%	0.09%
XOM	B	1.5%	0.1%	0.1%
YUM	B	0.11%	0.24%	0.11%

EFIV Overweight 240 Positions Relative to ACWV

Symbol	Grade	Weight
NVDA	C	10.02%
AAPL	C	9.53%
GOOGL	C	2.92%
TSLA	B	2.55%
GOOG	C	2.42%
JPM	A	1.91%
COST	B	1.15%
HD	A	1.13%
CRM	B	0.92%
BAC	A	0.86%
CVX	A	0.75%
ADBE	C	0.66%
AMD	F	0.63%
LIN	D	0.61%
GE	D	0.55%
DIS	B	0.52%
CAT	B	0.52%
GS	A	0.52%
QCOM	F	0.5%
CMCSA	B	0.47%
MS	A	0.46%
AXP	A	0.45%
SPGI	C	0.45%
LOW	D	0.43%
DHR	F	0.43%
UBER	D	0.42%
AMAT	F	0.42%
NEE	D	0.42%
UNP	C	0.41%
ETN	A	0.41%
BLK	C	0.4%
C	A	0.37%
SYK	C	0.37%
BSX	B	0.36%
ADP	B	0.35%
SCHW	B	0.33%
SBUX	A	0.32%
MU	D	0.31%
MDT	D	0.31%
INTC	D	0.3%
PLD	D	0.3%
DE	A	0.28%
LRCX	F	0.27%
UPS	C	0.27%
NKE	D	0.26%
TT	A	0.26%
PYPL	B	0.25%
ICE	C	0.25%
SHW	A	0.25%
PH	A	0.25%
AMT	D	0.25%
EQIX	A	0.24%
KLAC	D	0.24%
CMG	B	0.23%
PNC	B	0.23%
WELL	A	0.22%
USB	A	0.22%
ZTS	D	0.22%
ITW	B	0.21%
EMR	A	0.21%
MCO	B	0.21%
CTAS	B	0.21%
CSX	B	0.2%
COF	B	0.2%
TGT	F	0.2%
MAR	B	0.19%
ADSK	A	0.19%
WMB	A	0.19%
CVS	D	0.19%
APD	A	0.19%
ECL	D	0.18%
OKE	A	0.18%
CARR	D	0.18%
GM	B	0.18%
NSC	B	0.17%
PCAR	B	0.17%
SLB	C	0.17%
FCX	D	0.17%
HLT	A	0.17%
TFC	A	0.17%
AFL	B	0.16%
BK	A	0.16%
JCI	C	0.16%
URI	B	0.16%
SRE	A	0.16%
ALL	A	0.15%
GWW	B	0.15%
PSA	D	0.15%
PSX	C	0.15%
DLR	B	0.15%
AMP	A	0.15%
RCL	A	0.15%
FIS	C	0.14%
MSCI	C	0.14%
AIG	B	0.14%
CMI	A	0.14%
KMI	A	0.14%
AME	A	0.13%
PAYX	C	0.13%
ROST	C	0.13%
DHI	D	0.13%
MET	A	0.13%
PWR	A	0.13%
DAL	C	0.12%
IR	B	0.12%
BKR	B	0.12%
PEG	A	0.12%
AXON	A	0.12%
DFS	B	0.12%
VLO	C	0.12%
PRU	A	0.12%
SYY	B	0.11%
EXC	C	0.11%
A	D	0.11%
HES	B	0.11%
EW	C	0.11%
OTIS	C	0.11%
CBRE	B	0.11%
VRSK	A	0.11%
HIG	B	0.1%
OXY	D	0.1%
RMD	C	0.1%
WAB	B	0.1%
EXR	D	0.1%
MTB	A	0.1%
IDXX	F	0.1%
HPQ	B	0.1%
LULU	C	0.1%
CNC	D	0.09%
CSGP	D	0.09%
DOW	F	0.09%
ETR	B	0.09%
EIX	B	0.09%
FITB	A	0.09%
ROK	B	0.09%
AVB	B	0.09%
NDAQ	A	0.09%
IRM	D	0.09%
DECK	A	0.08%
DOV	A	0.08%
STT	A	0.08%
HPE	B	0.08%
PPG	F	0.08%
ON	D	0.08%
TTWO	A	0.08%
GPN	B	0.08%
RJF	A	0.08%
XYL	D	0.08%
EBAY	D	0.08%
TSCO	D	0.08%
RF	A	0.07%
HUBB	B	0.07%
BIIB	F	0.07%
DVN	F	0.07%
CCL	B	0.07%
ADM	D	0.07%
SW	A	0.07%
EQR	B	0.07%
HBAN	A	0.07%
SYF	B	0.07%
EQT	B	0.07%
MTD	D	0.07%
AWK	D	0.07%
CPAY	A	0.07%
PHM	D	0.07%
BR	A	0.07%
TROW	B	0.07%
HAL	C	0.07%
VTR	C	0.07%
FTV	C	0.07%
OMC	C	0.06%
WDC	D	0.06%
CFG	B	0.06%
NTRS	A	0.06%
LYB	F	0.06%
ES	D	0.06%
ZBH	C	0.06%
WY	D	0.06%
EXPE	B	0.06%
IFF	D	0.06%
WAT	B	0.06%
SBAC	D	0.06%
AVY	D	0.05%
KIM	A	0.05%
BAX	D	0.05%
ARE	D	0.05%
MAS	D	0.05%
LVS	C	0.05%
PNR	A	0.05%
KEY	B	0.05%
IEX	B	0.05%
BBY	D	0.05%
FDS	B	0.05%
PFG	D	0.05%
BALL	D	0.05%
MKC	D	0.05%
ALB	C	0.04%
POOL	C	0.04%
SWK	D	0.04%
UDR	B	0.04%
MRNA	F	0.04%
AMCR	D	0.04%
EL	F	0.04%
RVTY	F	0.04%
APTV	D	0.04%
JBHT	C	0.04%
DOC	D	0.04%
TFX	F	0.03%
GL	B	0.03%
MKTX	D	0.03%
LKQ	D	0.03%
NWSA	B	0.03%
CRL	C	0.03%
IPG	D	0.03%
TAP	C	0.03%
LW	C	0.03%
BXP	D	0.03%
TPR	B	0.03%
NCLH	B	0.03%
REG	B	0.03%
KMX	B	0.03%
ALLE	D	0.03%
DAY	B	0.03%
HST	C	0.03%
WBA	F	0.02%
PARA	C	0.02%
BEN	C	0.02%
FMC	D	0.02%
DVA	B	0.02%
MHK	D	0.02%
BWA	D	0.02%
IVZ	B	0.02%
WYNN	D	0.02%
RL	B	0.02%
HAS	D	0.02%
MOS	F	0.02%
CZR	F	0.02%
FRT	B	0.02%
MGM	D	0.02%
NWS	B	0.01%

EFIV Underweight 66 Positions Relative to ACWV

Symbol	Grade	Weight
MSI	B	-1.88%
MCK	B	-1.42%
ROP	B	-1.36%
VRTX	F	-1.13%
JNJ	D	-1.05%
BRK.A	B	-0.91%
PGR	A	-0.84%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	C	-0.76%
IBM	C	-0.73%
WEC	A	-0.68%
GDDY	A	-0.64%
ORLY	B	-0.62%
APH	A	-0.54%
ORCL	B	-0.54%
CHD	B	-0.46%
MKL	A	-0.43%
WRB	A	-0.41%
KEYS	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
CHT	D	-0.37%
BAH	F	-0.37%
FFIV	B	-0.36%
VRSN	F	-0.35%
JNPR	F	-0.32%
NBIX	C	-0.31%
BRO	B	-0.3%
GEN	B	-0.3%
KMB	D	-0.3%
ERIE	D	-0.26%
FCNCA	A	-0.23%
LMT	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
BMRN	D	-0.19%
DPZ	C	-0.19%
GD	F	-0.18%
LNG	B	-0.16%
CMS	C	-0.16%
WIT	A	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
WDAY	B	-0.1%
PCG	A	-0.1%
TPL	A	-0.1%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
ACI	C	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%