IWD vs. NZAC ETF Comparison

Comparison of iShares Russell 1000 Value ETF (IWD) to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC)

IWD

iShares Russell 1000 Value ETF

IWD Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. 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. It seeks to track the investment results of the Russell 1000 Value Index (the "underlying index"), which measures the performance of large- and mid-capitalization value sectors of the U.S. equity market. It is a subset of the Russell 1000Â® Index, which measures the performance of the large-capitalization sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$199.05

Average Daily Volume

1,616,962

Number of Holdings ^*

865

* 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

$37.41

Average Daily Volume

6,937

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	IWD	NZAC
30 Days	3.53%	0.97%
60 Days	4.90%	0.81%
90 Days	6.95%	2.64%
12 Months	29.54%	25.98%

275 Overlapping Holdings

Symbol	Grade	Weight in IWD	Weight in NZAC	Overlap
A	D	0.15%	0.06%	0.06%
ABBV	D	0.65%	0.34%	0.34%
ABBV	D	0.65%	0.6%	0.6%
ABT	B	0.78%	0.19%	0.19%
ACGL	D	0.14%	0.12%	0.12%
ACM	A	0.06%	0.36%	0.06%
ACN	C	0.86%	0.39%	0.39%
ADI	D	0.4%	0.46%	0.4%
ADP	B	0.03%	0.2%	0.03%
AFG	A	0.04%	0.07%	0.04%
AFL	B	0.24%	0.28%	0.24%
AIG	B	0.19%	0.14%	0.14%
AIZ	A	0.04%	0.09%	0.04%
AJG	B	0.23%	0.07%	0.07%
ALB	C	0.05%	0.01%	0.01%
ALGN	D	0.03%	0.03%	0.03%
ALL	A	0.17%	0.14%	0.14%
ALLE	D	0.05%	0.09%	0.05%
ALLY	C	0.03%	0.02%	0.02%
ALNY	D	0.01%	0.03%	0.01%
AMAT	F	0.04%	0.12%	0.04%
AMD	F	0.29%	0.27%	0.27%
AME	A	0.17%	0.16%	0.16%
AMGN	D	0.13%	0.21%	0.13%
AMP	A	0.02%	0.16%	0.02%
ANSS	B	0.11%	0.02%	0.02%
AON	A	0.29%	0.11%	0.11%
APH	A	0.14%	0.11%	0.11%
APO	B	0.08%	0.17%	0.08%
AVB	B	0.13%	0.12%	0.12%
AVTR	F	0.05%	0.03%	0.03%
AXP	A	0.39%	0.36%	0.36%
AZO	C	0.02%	0.1%	0.02%
BAC	A	1.23%	0.44%	0.44%
BAX	D	0.06%	0.02%	0.02%
BBWI	D	0.03%	0.01%	0.01%
BDX	F	0.25%	0.11%	0.11%
BIIB	F	0.09%	0.03%	0.03%
BIO	D	0.02%	0.01%	0.01%
BK	A	0.22%	0.13%	0.13%
BKNG	A	0.04%	0.24%	0.04%
BLK	C	0.6%	0.27%	0.27%
BMRN	D	0.05%	0.02%	0.02%
BMY	B	0.44%	0.24%	0.24%
BR	A	0.01%	0.08%	0.01%
BRK.A	B	3.35%	0.39%	0.39%
BRO	B	0.06%	0.05%	0.05%
BSX	B	0.5%	0.31%	0.31%
BXP	D	0.05%	0.07%	0.05%
C	A	0.51%	0.01%	0.01%
CARR	D	0.24%	0.03%	0.03%
CB	C	0.45%	0.24%	0.24%
CBOE	B	0.08%	0.03%	0.03%
CBRE	B	0.16%	0.18%	0.16%
CCI	D	0.18%	0.07%	0.07%
CDW	F	0.05%	0.13%	0.05%
CEG	D	0.23%	0.04%	0.04%
CG	A	0.04%	0.02%	0.02%
CHD	B	0.1%	0.1%	0.1%
CHTR	C	0.14%	0.07%	0.07%
CINF	A	0.09%	0.07%	0.07%
CMCSA	B	0.64%	0.25%	0.25%
CME	A	0.32%	0.12%	0.12%
COF	B	0.27%	0.14%	0.14%
COIN	C	0.04%	0.04%	0.04%
CPRT	A	0.01%	0.04%	0.01%
CRM	B	0.18%	0.42%	0.18%
CSCO	B	0.91%	0.4%	0.4%
CSGP	D	0.11%	0.02%	0.02%
CSX	B	0.27%	0.09%	0.09%
CTAS	B	0.01%	0.04%	0.01%
CTLT	B	0.04%	0.02%	0.02%
CTSH	B	0.15%	0.08%	0.08%
DASH	A	0.03%	0.02%	0.02%
DE	A	0.39%	0.14%	0.14%
DFS	B	0.17%	0.09%	0.09%
DGX	A	0.07%	0.02%	0.02%
DHI	D	0.19%	0.06%	0.06%
DHR	F	0.58%	0.19%	0.19%
DIS	B	0.82%	0.29%	0.29%
DLR	B	0.23%	0.39%	0.23%
DLTR	F	0.05%	0.02%	0.02%
DOC	D	0.06%	0.01%	0.01%
EA	A	0.17%	0.01%	0.01%
EBAY	D	0.12%	0.14%	0.12%
ECL	D	0.03%	0.06%	0.03%
EFX	F	0.09%	0.03%	0.03%
EG	C	0.05%	0.03%	0.03%
EIX	B	0.12%	0.81%	0.12%
EL	F	0.04%	0.03%	0.03%
ELV	F	0.3%	0.17%	0.17%
EPAM	C	0.05%	0.01%	0.01%
EQIX	A	0.31%	0.33%	0.31%
EQR	B	0.11%	0.07%	0.07%
ESS	B	0.07%	0.1%	0.07%
ETN	A	0.56%	0.28%	0.28%
EW	C	0.13%	0.11%	0.11%
EXAS	D	0.02%	0.01%	0.01%
EXR	D	0.13%	0.04%	0.04%
FAST	B	0.03%	0.17%	0.03%
FDS	B	0.05%	0.01%	0.01%
FFIV	B	0.05%	0.18%	0.05%
FI	A	0.32%	0.18%	0.18%
FIS	C	0.19%	0.07%	0.07%
FOX	A	0.02%	0.03%	0.02%
FOXA	B	0.04%	0.04%	0.04%
FSLR	F	0.08%	0.16%	0.08%
FTNT	C	0.04%	0.09%	0.04%
FTV	C	0.1%	0.09%	0.09%
GILD	C	0.43%	0.06%	0.06%
GIS	D	0.14%	0.08%	0.08%
GLW	B	0.14%	0.19%	0.14%
GPN	B	0.12%	0.05%	0.05%
GRMN	B	0.13%	0.08%	0.08%
GS	A	0.53%	0.06%	0.06%
GWW	B	0.03%	0.21%	0.03%
HBAN	A	0.1%	0.02%	0.02%
HD	A	0.32%	0.58%	0.32%
HIG	B	0.13%	0.12%	0.12%
HLT	A	0.12%	0.02%	0.02%
HOLX	D	0.07%	0.05%	0.05%
HPE	B	0.11%	0.16%	0.11%
HSIC	B	0.03%	0.05%	0.03%
HSY	F	0.08%	0.05%	0.05%
HUM	C	0.13%	0.06%	0.06%
IBM	C	0.73%	0.6%	0.6%
ICE	C	0.34%	0.13%	0.13%
IEX	B	0.07%	0.04%	0.04%
ILMN	D	0.08%	0.04%	0.04%
INCY	C	0.04%	0.01%	0.01%
INTC	D	0.4%	0.18%	0.18%
IPG	D	0.04%	0.01%	0.01%
IQV	D	0.12%	0.1%	0.1%
IRM	D	0.06%	0.06%	0.06%
ITW	B	0.2%	0.33%	0.2%
JKHY	D	0.05%	0.01%	0.01%
JNJ	D	1.45%	0.62%	0.62%
JNPR	F	0.05%	0.13%	0.05%
JPM	A	2.74%	1.09%	1.09%
KDP	D	0.14%	0.08%	0.08%
KEYS	A	0.1%	0.06%	0.06%
KKR	A	0.28%	0.13%	0.13%
KVUE	A	0.18%	0.01%	0.01%
LEN	D	0.16%	0.06%	0.06%
LEN	D	0.01%	0.06%	0.01%
LH	C	0.08%	0.02%	0.02%
LIN	D	0.84%	0.07%	0.07%
LKQ	D	0.04%	0.03%	0.03%
LOW	D	0.6%	0.25%	0.25%
MAR	B	0.25%	0.02%	0.02%
MAS	D	0.07%	0.01%	0.01%
MCD	D	0.77%	0.36%	0.36%
MDT	D	0.44%	0.23%	0.23%
MET	A	0.19%	0.21%	0.19%
MKC	D	0.07%	0.01%	0.01%
MKL	A	0.07%	0.07%	0.07%
MKTX	D	0.04%	0.01%	0.01%
MMC	B	0.37%	0.2%	0.2%
MMM	D	0.23%	0.02%	0.02%
MNST	C	0.03%	0.03%	0.03%
MOH	F	0.02%	0.02%	0.02%
MRNA	F	0.05%	0.01%	0.01%
MRVL	B	0.27%	0.12%	0.12%
MS	A	0.57%	0.26%	0.26%
MSI	B	0.16%	0.27%	0.16%
MSTR	C	0.19%	0.02%	0.02%
MTB	A	0.14%	0.1%	0.1%
MTCH	D	0.03%	0.01%	0.01%
MTD	D	0.1%	0.06%	0.06%
MU	D	0.41%	0.09%	0.09%
NDAQ	A	0.13%	0.04%	0.04%
NEM	D	0.18%	0.08%	0.08%
NKE	D	0.14%	0.11%	0.11%
NSC	B	0.23%	0.04%	0.04%
NTAP	C	0.05%	0.06%	0.05%
NTRS	A	0.08%	0.05%	0.05%
NVR	D	0.1%	0.03%	0.03%
O	D	0.19%	0.07%	0.07%
OMC	C	0.07%	0.03%	0.03%
ORLY	B	0.02%	0.18%	0.02%
PAYC	B	0.02%	0.01%	0.01%
PAYX	C	0.11%	0.08%	0.08%
PCAR	B	0.22%	0.06%	0.06%
PFE	D	0.55%	0.19%	0.19%
PGR	A	0.09%	0.22%	0.09%
PH	A	0.35%	0.25%	0.25%
PHM	D	0.1%	0.04%	0.04%
PLD	D	0.41%	0.21%	0.21%
PNC	B	0.32%	0.19%	0.19%
PNR	A	0.07%	0.23%	0.07%
PPG	F	0.11%	0.11%	0.11%
PRU	A	0.18%	0.15%	0.15%
PSA	D	0.18%	0.11%	0.11%
PWR	A	0.13%	0.24%	0.13%
PYPL	B	0.34%	0.13%	0.13%
QCOM	F	0.04%	0.26%	0.04%
REG	B	0.05%	0.08%	0.05%
REGN	F	0.28%	0.1%	0.1%
RF	A	0.09%	0.07%	0.07%
RIVN	F	0.03%	0.01%	0.01%
RJF	A	0.12%	0.04%	0.04%
RMD	C	0.1%	0.07%	0.07%
ROK	B	0.12%	0.08%	0.08%
ROP	B	0.23%	0.02%	0.02%
ROST	C	0.14%	0.09%	0.09%
RPRX	D	0.04%	0.02%	0.02%
RS	B	0.07%	0.08%	0.07%
RVTY	F	0.05%	0.07%	0.05%
SBAC	D	0.09%	0.03%	0.03%
SBUX	A	0.1%	0.15%	0.1%
SCHW	B	0.42%	0.19%	0.19%
SEIC	B	0.03%	0.02%	0.02%
SHW	A	0.03%	0.56%	0.03%
SNA	A	0.07%	0.02%	0.02%
SPG	B	0.17%	0.15%	0.15%
SPGI	C	0.61%	0.38%	0.38%
SQ	B	0.11%	0.01%	0.01%
SQ	B	0.11%	0.02%	0.02%
STE	F	0.08%	0.03%	0.03%
STLD	B	0.08%	0.01%	0.01%
STT	A	0.11%	0.02%	0.02%
STZ	D	0.15%	0.03%	0.03%
SUI	D	0.06%	0.01%	0.01%
SWKS	F	0.05%	0.01%	0.01%
SYF	B	0.1%	0.09%	0.09%
SYK	C	0.39%	0.25%	0.25%
T	A	0.63%	0.18%	0.18%
TDG	D	0.21%	0.13%	0.13%
TDY	B	0.08%	0.1%	0.08%
TECH	D	0.04%	0.01%	0.01%
TER	D	0.01%	0.03%	0.01%
TFX	F	0.04%	0.02%	0.02%
TGT	F	0.27%	0.02%	0.02%
TJX	A	0.22%	0.36%	0.22%
TMO	F	0.76%	0.32%	0.32%
TMUS	B	0.44%	0.13%	0.13%
TRMB	B	0.07%	0.07%	0.07%
TROW	B	0.1%	0.05%	0.05%
TRU	D	0.07%	0.01%	0.01%
TRV	B	0.23%	0.15%	0.15%
TT	A	0.24%	0.02%	0.02%
TW	A	0.04%	0.02%	0.02%
TXN	C	0.63%	0.27%	0.27%
UHAL	D	0.01%	0.04%	0.01%
UHAL	D	0.0%	0.04%	0.0%
ULTA	F	0.01%	0.05%	0.01%
UNH	C	1.98%	0.77%	0.77%
UNP	C	0.29%	0.21%	0.21%
UPS	C	0.38%	0.07%	0.07%
URI	B	0.16%	0.05%	0.05%
USB	A	0.3%	0.12%	0.12%
VICI	C	0.13%	0.03%	0.03%
VLTO	D	0.05%	0.03%	0.03%
VMC	B	0.11%	0.02%	0.02%
VRSN	F	0.06%	0.01%	0.01%
VRTX	F	0.23%	0.14%	0.14%
VTR	C	0.1%	0.06%	0.06%
VZ	C	0.68%	0.21%	0.21%
WAB	B	0.13%	0.08%	0.08%
WAT	B	0.03%	0.02%	0.02%
WELL	A	0.32%	0.15%	0.15%
WFC	A	1.01%	0.25%	0.25%
WMT	A	1.42%	0.35%	0.35%
WPC	D	0.05%	0.01%	0.01%
WRB	A	0.07%	0.07%	0.07%
WST	C	0.04%	0.02%	0.02%
WTW	B	0.12%	0.07%	0.07%
WYNN	D	0.03%	0.01%	0.01%
XYL	D	0.11%	0.36%	0.11%
YUM	B	0.09%	0.07%	0.07%
Z	A	0.05%	0.02%	0.02%
ZBH	C	0.09%	0.05%	0.05%
ZBRA	B	0.06%	0.02%	0.02%
ZM	B	0.08%	0.02%	0.02%
ZTS	D	0.05%	0.16%	0.05%

IWD Overweight 592 Positions Relative to NZAC

Symbol	Grade	Weight
XOM	B	2.08%
PG	A	1.21%
CVX	A	1.08%
PM	B	0.78%
CAT	B	0.63%
NEE	D	0.61%
RTX	C	0.61%
GE	D	0.59%
COP	C	0.51%
HON	B	0.49%
KO	D	0.4%
MO	A	0.37%
SO	D	0.37%
GEV	B	0.35%
MDLZ	F	0.34%
DUK	C	0.34%
CI	F	0.32%
GD	F	0.31%
BA	F	0.31%
EOG	A	0.3%
LMT	D	0.3%
EMR	A	0.28%
NOC	D	0.27%
WMB	A	0.27%
APD	A	0.27%
FDX	B	0.26%
CVS	D	0.26%
CRH	A	0.26%
GM	B	0.25%
OKE	A	0.25%
FCX	D	0.24%
SLB	C	0.24%
TFC	A	0.24%
SRE	A	0.23%
MPC	D	0.22%
JCI	C	0.22%
KMI	A	0.21%
PSX	C	0.21%
AEP	D	0.2%
D	C	0.19%
HCA	F	0.19%
CMI	A	0.19%
PEP	F	0.18%
LHX	C	0.18%
HWM	A	0.17%
RSG	A	0.17%
BKR	B	0.17%
F	C	0.17%
PEG	A	0.17%
MCK	B	0.17%
VLO	C	0.17%
PCG	A	0.17%
OTIS	C	0.16%
IR	B	0.16%
DAL	C	0.16%
FERG	B	0.15%
KR	B	0.15%
CTVA	C	0.15%
XEL	A	0.15%
EXC	C	0.15%
NUE	C	0.14%
RCL	A	0.14%
OXY	D	0.13%
MCHP	D	0.13%
FANG	D	0.13%
ED	D	0.13%
GEHC	F	0.13%
MLM	B	0.13%
CL	D	0.13%
DD	D	0.13%
UAL	A	0.12%
CNC	D	0.12%
DELL	C	0.12%
TTWO	A	0.12%
WEC	A	0.12%
DOW	F	0.12%
ETR	B	0.12%
FITB	A	0.12%
HPQ	B	0.11%
DOV	A	0.11%
KHC	F	0.11%
ON	D	0.11%
DTE	C	0.1%
PPL	B	0.1%
ADM	D	0.1%
HAL	C	0.1%
AWK	D	0.1%
FCNCA	A	0.1%
KMB	D	0.1%
SW	A	0.1%
IFF	D	0.09%
WBD	C	0.09%
WY	D	0.09%
HUBB	B	0.09%
EQT	B	0.09%
LNG	B	0.09%
FE	C	0.09%
DVN	F	0.09%
AEE	A	0.09%
CCL	B	0.09%
COO	D	0.08%
LUV	C	0.08%
CNP	B	0.08%
PFG	D	0.08%
BBY	D	0.08%
IP	B	0.08%
CMS	C	0.08%
WDC	D	0.08%
INVH	D	0.08%
PKG	A	0.08%
CFG	B	0.08%
K	A	0.08%
HOOD	B	0.08%
LYB	F	0.08%
EXE	B	0.08%
LDOS	C	0.08%
ES	D	0.08%
ATO	A	0.08%
OC	A	0.07%
CVNA	B	0.07%
GPC	D	0.07%
J	F	0.07%
CSL	C	0.07%
KEY	B	0.07%
WSO	A	0.07%
TSN	B	0.07%
ARE	D	0.07%
MAA	B	0.07%
BALL	D	0.07%
CTRA	B	0.07%
IBKR	A	0.07%
MSCI	C	0.07%
BLDR	D	0.07%
SYY	B	0.06%
EVRG	A	0.06%
EXPD	D	0.06%
EWBC	A	0.06%
HES	B	0.06%
APTV	D	0.06%
NDSN	B	0.06%
UDR	B	0.06%
THC	D	0.06%
AMCR	D	0.06%
USFD	A	0.06%
JBHT	C	0.06%
L	A	0.06%
GGG	B	0.06%
RGA	A	0.06%
VTRS	A	0.06%
TOL	B	0.06%
LNT	A	0.06%
SSNC	B	0.06%
FNF	B	0.06%
UTHR	C	0.06%
CF	B	0.06%
TXT	D	0.06%
MRO	B	0.06%
GEN	B	0.06%
KIM	A	0.06%
NI	A	0.06%
DG	F	0.06%
UHS	D	0.05%
SOFI	A	0.05%
CAH	B	0.05%
EMN	D	0.05%
SCI	B	0.05%
NVT	B	0.05%
HST	C	0.05%
NTNX	A	0.05%
FTI	A	0.05%
CASY	A	0.05%
CPT	B	0.05%
COHR	B	0.05%
ITT	A	0.05%
CLH	B	0.05%
AMH	D	0.05%
CAG	D	0.05%
BG	F	0.05%
GLPI	C	0.05%
CHRW	C	0.05%
UNM	A	0.05%
JBL	B	0.05%
ELS	C	0.05%
TPR	B	0.05%
AFRM	B	0.05%
SWK	D	0.05%
AKAM	D	0.05%
TWLO	A	0.05%
RPM	A	0.05%
RNR	C	0.05%
CW	B	0.05%
EME	C	0.05%
GMED	A	0.04%
REXR	F	0.04%
CMA	A	0.04%
BWXT	B	0.04%
FBIN	D	0.04%
INGR	B	0.04%
DCI	B	0.04%
RGLD	C	0.04%
ORI	A	0.04%
JEF	A	0.04%
SOLV	C	0.04%
DRI	B	0.04%
PNFP	B	0.04%
BRBR	A	0.04%
FRT	B	0.04%
CNH	C	0.04%
CRL	C	0.04%
CIEN	B	0.04%
DOX	D	0.04%
DPZ	C	0.04%
GL	B	0.04%
DTM	B	0.04%
WAL	B	0.04%
WTRG	B	0.04%
ARMK	B	0.04%
EHC	B	0.04%
AES	F	0.04%
NLY	C	0.04%
AVY	D	0.04%
OHI	C	0.04%
GME	C	0.04%
LAD	A	0.04%
DKS	C	0.04%
DAY	B	0.04%
ALSN	B	0.04%
AYI	B	0.04%
BLD	D	0.04%
WWD	B	0.04%
WBS	A	0.04%
CACI	D	0.04%
PRI	A	0.04%
PNW	B	0.04%
CCK	C	0.04%
EVR	B	0.04%
CUBE	D	0.04%
FWONK	B	0.04%
NWSA	B	0.04%
PFGC	B	0.04%
TAP	C	0.04%
SJM	D	0.04%
ATR	B	0.04%
AA	B	0.04%
FHN	A	0.04%
RRX	B	0.04%
NRG	B	0.04%
KMX	B	0.04%
SF	B	0.04%
BJ	A	0.04%
OVV	B	0.04%
COLB	A	0.03%
MTG	C	0.03%
CGNX	C	0.03%
FAF	A	0.03%
IVZ	B	0.03%
LSTR	D	0.03%
BILL	A	0.03%
OKTA	C	0.03%
STAG	F	0.03%
AZPN	A	0.03%
WEX	D	0.03%
HR	C	0.03%
DINO	D	0.03%
AXS	A	0.03%
VMI	B	0.03%
MKSI	C	0.03%
FMC	D	0.03%
ALK	C	0.03%
WSM	B	0.03%
WH	B	0.03%
HRB	D	0.03%
DAR	C	0.03%
FCN	D	0.03%
FND	C	0.03%
MTSI	B	0.03%
GXO	B	0.03%
RLI	B	0.03%
SSD	D	0.03%
FR	C	0.03%
ATI	D	0.03%
GNTX	C	0.03%
ELAN	D	0.03%
R	B	0.03%
ESAB	B	0.03%
VFC	C	0.03%
OSK	B	0.03%
AGNC	D	0.03%
VNO	B	0.03%
KBR	F	0.03%
CART	C	0.03%
MIDD	C	0.03%
SKX	D	0.03%
COKE	C	0.03%
MHK	D	0.03%
LBRDK	C	0.03%
LW	C	0.03%
PB	A	0.03%
ROKU	D	0.03%
CHE	D	0.03%
RHI	B	0.03%
JAZZ	B	0.03%
ADC	B	0.03%
KEX	C	0.03%
HII	D	0.03%
PR	B	0.03%
NNN	D	0.03%
BERY	B	0.03%
FLS	B	0.03%
BWA	D	0.03%
G	B	0.03%
RRC	B	0.03%
CHRD	D	0.03%
ACI	C	0.03%
CZR	F	0.03%
SNV	B	0.03%
X	C	0.03%
TKO	B	0.03%
APG	B	0.03%
CFR	B	0.03%
APA	D	0.03%
LECO	B	0.03%
LAMR	D	0.03%
VOYA	B	0.03%
CPB	D	0.03%
FICO	B	0.03%
EGP	F	0.03%
RL	B	0.03%
GPK	C	0.03%
NYT	C	0.03%
MTZ	B	0.03%
CR	A	0.03%
JLL	D	0.03%
MOS	F	0.03%
CBSH	A	0.03%
TTC	D	0.03%
OGE	B	0.03%
HRL	D	0.03%
FYBR	D	0.03%
WTFC	A	0.03%
GWRE	A	0.03%
ZION	B	0.03%
BRX	A	0.03%
TTEK	F	0.03%
AAL	B	0.03%
MGM	D	0.03%
AOS	F	0.03%
SNX	C	0.03%
KNX	B	0.03%
AR	B	0.03%
HLI	B	0.03%
AXTA	A	0.03%
RBC	A	0.03%
WCC	B	0.03%
PTC	A	0.03%
OGN	D	0.02%
LINE	F	0.02%
SITE	D	0.02%
HOG	D	0.02%
FLO	D	0.02%
TPG	A	0.02%
GTES	A	0.02%
GFS	C	0.02%
DLB	B	0.02%
M	D	0.02%
AN	C	0.02%
WLK	D	0.02%
KMPR	B	0.02%
GAP	C	0.02%
AWI	A	0.02%
RYN	D	0.02%
SLGN	A	0.02%
PSN	D	0.02%
WSC	D	0.02%
EEFT	B	0.02%
DBX	B	0.02%
KRC	C	0.02%
CUZ	B	0.02%
AGO	B	0.02%
ST	F	0.02%
FRPT	B	0.02%
AVT	C	0.02%
CROX	D	0.02%
ROIV	C	0.02%
OLN	D	0.02%
TKR	D	0.02%
WTM	A	0.02%
HXL	D	0.02%
BYD	C	0.02%
SON	D	0.02%
AL	B	0.02%
UGI	A	0.02%
BFAM	D	0.02%
OZK	B	0.02%
POST	C	0.02%
SLM	A	0.02%
SN	D	0.02%
CCCS	B	0.02%
LEA	D	0.02%
CRUS	D	0.02%
LITE	B	0.02%
GNRC	B	0.02%
RITM	C	0.02%
BC	C	0.02%
THO	B	0.02%
NFG	A	0.02%
OLLI	D	0.02%
DOCS	C	0.02%
PVH	C	0.02%
H	B	0.02%
WMS	D	0.02%
JHG	A	0.02%
SAIA	B	0.02%
THG	A	0.02%
AGCO	D	0.02%
AMG	B	0.02%
ONTO	D	0.02%
LNC	B	0.02%
FNB	A	0.02%
VNT	B	0.02%
LFUS	F	0.02%
IDA	A	0.02%
WHR	B	0.02%
RGEN	D	0.02%
CE	F	0.02%
S	B	0.02%
STWD	C	0.02%
ARW	D	0.02%
WBA	F	0.02%
BEN	C	0.02%
QRVO	F	0.02%
MTDR	B	0.02%
BPOP	B	0.02%
OMF	A	0.02%
SAIC	F	0.02%
COLD	D	0.02%
ESI	A	0.02%
NOV	C	0.02%
SIRI	C	0.02%
KD	B	0.02%
MSA	D	0.02%
MAT	D	0.02%
PARA	C	0.02%
LLYVA	A	0.01%
DDS	B	0.01%
SNDR	B	0.01%
TRIP	F	0.01%
REYN	D	0.01%
FTRE	D	0.01%
LEG	F	0.01%
WEN	D	0.01%
EXEL	B	0.01%
GO	C	0.01%
UA	C	0.01%
QS	F	0.01%
CLVT	F	0.01%
BIRK	D	0.01%
ALAB	B	0.01%
CNXC	F	0.01%
VSTS	C	0.01%
CRI	D	0.01%
PSTG	D	0.01%
PPC	C	0.01%
QDEL	F	0.01%
AZEK	A	0.01%
RKT	F	0.01%
LBTYK	A	0.01%
KSS	F	0.01%
LCID	F	0.01%
INFA	D	0.01%
ETSY	D	0.01%
UAA	C	0.01%
LBTYA	B	0.01%
LYFT	C	0.01%
BRKR	D	0.01%
IPGP	D	0.01%
GLOB	B	0.01%
SHC	F	0.01%
ADT	C	0.01%
LPX	B	0.01%
RCM	F	0.01%
AAP	C	0.01%
CWEN	C	0.01%
WU	D	0.01%
AZTA	D	0.01%
YETI	C	0.01%
JWN	C	0.01%
HAYW	B	0.01%
SAM	C	0.01%
PINC	B	0.01%
ALGM	D	0.01%
SPB	C	0.01%
MP	B	0.01%
CPRI	F	0.01%
HHH	B	0.01%
EXP	A	0.01%
ENOV	C	0.01%
AGR	B	0.01%
MPW	F	0.01%
BOKF	B	0.01%
CC	C	0.01%
CXT	B	0.01%
COTY	F	0.01%
SEE	C	0.01%
COLM	B	0.01%
CNM	D	0.01%
AMKR	D	0.01%
VIRT	B	0.01%
ECG	C	0.01%
U	C	0.01%
AMED	F	0.01%
MAN	D	0.01%
SNRE	D	0.01%
PAG	B	0.01%
NSA	D	0.01%
LLYVK	A	0.01%
PK	B	0.01%
NXST	C	0.01%
IRDM	D	0.01%
BROS	B	0.01%
SPR	D	0.01%
PENN	C	0.01%
AMTM	D	0.01%
SMG	D	0.01%
LOPE	B	0.01%
BHF	B	0.01%
VAC	B	0.01%
ZI	D	0.01%
HUN	F	0.01%
AM	A	0.01%
HIW	D	0.01%
EPR	D	0.01%
MASI	A	0.01%
ZG	A	0.01%
PII	D	0.01%
ACHC	F	0.01%
FHB	A	0.01%
CLF	F	0.01%
IAC	D	0.01%
NVST	B	0.01%
NWS	B	0.01%
W	F	0.01%
PRGO	B	0.01%
VNOM	A	0.01%
TNL	A	0.01%
XRAY	F	0.01%
CIVI	D	0.01%
NWL	B	0.01%
DNB	B	0.01%
MDU	D	0.01%
MSGS	A	0.01%
NEU	C	0.01%
RH	B	0.01%
DXC	B	0.01%
PLNT	A	0.01%
OLED	D	0.01%
TYL	B	0.01%
MSM	C	0.01%
ASH	D	0.01%
LOAR	A	0.0%
UWMC	D	0.0%
SEG	B	0.0%
PARAA	B	0.0%
NFE	D	0.0%
IONS	F	0.0%
LAZ	B	0.0%
GRAL	C	0.0%
TXG	F	0.0%
CACC	D	0.0%
PLTK	B	0.0%
DJT	C	0.0%
CHH	A	0.0%
SEB	F	0.0%
UI	A	0.0%
TFSL	A	0.0%
PATH	C	0.0%
WOLF	F	0.0%
LSCC	D	0.0%
FIVE	F	0.0%
CWEN	C	0.0%
HCP	B	0.0%
CAR	C	0.0%
MTN	C	0.0%
CNA	B	0.0%
PYCR	C	0.0%
HAS	D	0.0%
FWONA	B	0.0%
AS	B	0.0%
CERT	F	0.0%
DV	C	0.0%
LBRDA	C	0.0%
NCNO	B	0.0%

IWD Underweight 97 Positions Relative to NZAC

Symbol	Grade	Weight
NVDA	C	-4.67%
AAPL	C	-4.47%
MSFT	F	-4.03%
AMZN	C	-2.38%
META	D	-1.62%
GOOG	C	-1.45%
TSLA	B	-1.32%
AVGO	D	-1.1%
GOOGL	C	-1.03%
LLY	F	-0.94%
V	A	-0.75%
MA	C	-0.65%
ORCL	B	-0.59%
NFLX	A	-0.49%
MRK	F	-0.47%
NVS	D	-0.41%
NOW	A	-0.39%
ADBE	C	-0.35%
ISRG	A	-0.31%
INTU	C	-0.31%
BABA	D	-0.24%
MCO	B	-0.22%
TD	F	-0.19%
BX	A	-0.19%
UBER	D	-0.17%
SONY	B	-0.17%
KLAC	D	-0.15%
HDB	C	-0.14%
PANW	C	-0.14%
MELI	D	-0.14%
SHOP	B	-0.12%
AMT	D	-0.11%
LI	F	-0.11%
INFY	B	-0.11%
WM	A	-0.1%
LRCX	F	-0.1%
EQH	B	-0.1%
DEO	F	-0.1%
ADSK	A	-0.09%
SCCO	F	-0.08%
PDD	F	-0.08%
LULU	C	-0.08%
MUFG	B	-0.08%
PLTR	B	-0.07%
HSBH	B	-0.07%
CMG	B	-0.07%
WIT	A	-0.07%
TCOM	B	-0.06%
ANET	C	-0.06%
AXON	A	-0.06%
IDXX	F	-0.06%
CPAY	A	-0.05%
LYV	A	-0.05%
VRSK	A	-0.05%
ABNB	C	-0.05%
TTD	B	-0.05%
ENPH	F	-0.05%
DXCM	D	-0.04%
BCS	C	-0.04%
XPEV	C	-0.04%
BAH	F	-0.03%
WDAY	B	-0.03%
AZN	D	-0.03%
XRX	F	-0.03%
CCEP	C	-0.03%
VEEV	C	-0.03%
ERIE	D	-0.03%
GDDY	A	-0.03%
IT	C	-0.03%
BIDU	F	-0.03%
BURL	A	-0.03%
NIO	F	-0.02%
ROL	B	-0.02%
CRWD	B	-0.02%
PODD	C	-0.02%
HEI	B	-0.02%
BCH	F	-0.02%
ASAI	F	-0.02%
VRT	B	-0.02%
SNOW	C	-0.02%
ODFL	B	-0.02%
POOL	C	-0.02%
MBAVU	D	-0.01%
SMCI	F	-0.01%
QGEN	D	-0.01%
NXPI	D	-0.01%
SNAP	C	-0.01%
CLX	B	-0.01%
NBIX	C	-0.01%
PINS	D	-0.01%
KB	B	-0.01%
QFIN	B	-0.01%
DOCU	A	-0.01%
LYG	F	-0.01%
TEVA	D	-0.01%
NIO	F	-0.0%
WIT	A	-0.0%