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

$34.48

Average Daily Volume

4,767

Number of Holdings ^*

368

* 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

$26.73

Average Daily Volume

598,575

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	DFEM
30 Days	2.24%	1.55%
60 Days	5.50%	3.58%
90 Days	2.85%	5.61%
12 Months	19.02%	14.97%

24 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in DFEM	Overlap
ASAI	F	0.02%	0.02%	0.02%
ASAI	F	0.02%	0.04%	0.02%
BABA	F	0.21%	0.02%	0.02%
BABA	F	0.21%	1.16%	0.21%
BCH	D	0.02%	0.03%	0.02%
BCH	D	0.02%	0.0%	0.0%
BIDU	F	0.04%	0.15%	0.04%
BIDU	F	0.04%	0.01%	0.01%
HDB	B	0.15%	0.27%	0.15%
HDB	B	0.15%	0.01%	0.01%
INFY	B	0.1%	0.21%	0.1%
KB	B	0.01%	0.01%	0.01%
KB	B	0.01%	0.37%	0.01%
LI	F	0.09%	0.02%	0.02%
LI	F	0.09%	0.0%	0.0%
NIO	F	0.02%	0.03%	0.02%
PDD	C	0.1%	0.57%	0.1%
TCOM	D	0.05%	0.16%	0.05%
TCOM	D	0.05%	0.01%	0.01%
WIT	B	0.0%	0.01%	0.0%
WIT	B	0.0%	0.06%	0.0%
WIT	B	0.07%	0.06%	0.06%
WIT	B	0.07%	0.01%	0.01%
XPEV	F	0.03%	0.03%	0.03%

NZAC Overweight 354 Positions Relative to DFEM

Symbol	Grade	Weight
MSFT	B	4.65%
AAPL	B	4.48%
NVDA	B	4.4%
AMZN	B	2.4%
GOOG	B	1.63%
META	B	1.58%
LLY	A	1.2%
GOOGL	B	1.16%
AVGO	C	1.12%
JPM	A	0.92%
TSLA	C	0.85%
EIX	D	0.74%
V	D	0.7%
MRK	C	0.68%
UNH	C	0.66%
ABBV	B	0.63%
JNJ	F	0.62%
MA	D	0.59%
ADI	B	0.54%
IBM	B	0.53%
HD	B	0.52%
SHW	D	0.47%
ORCL	B	0.47%
NVS	A	0.45%
XYL	C	0.43%
NFLX	B	0.43%
BAC	A	0.39%
ADBE	B	0.39%
ABBV	B	0.37%
SPGI	B	0.36%
BRK.A	C	0.36%
TMO	D	0.36%
CSCO	C	0.35%
ACN	D	0.35%
TJX	A	0.35%
DLR	A	0.34%
QCOM	C	0.34%
AMD	B	0.33%
CRM	D	0.33%
MCD	D	0.33%
INTU	B	0.31%
ITW	D	0.31%
NOW	B	0.31%
AXP	C	0.31%
ACM	D	0.31%
WMT	A	0.3%
EQIX	C	0.29%
BSX	A	0.28%
ETN	D	0.27%
TXN	B	0.27%
ISRG	A	0.27%
DIS	D	0.27%
AFL	B	0.24%
CMCSA	C	0.24%
INTC	F	0.24%
ELV	A	0.24%
AMGN	B	0.24%
CB	C	0.23%
SYK	B	0.23%
LOW	D	0.22%
MDT	D	0.22%
VZ	B	0.22%
PLD	C	0.22%
PFE	C	0.22%
BLK	B	0.22%
DHR	D	0.22%
FSLR	C	0.22%
MSI	A	0.22%
KLAC	B	0.21%
WFC	C	0.21%
MCO	A	0.21%
PWR	C	0.21%
UNP	D	0.21%
BKNG	A	0.2%
MMC	B	0.2%
MS	B	0.2%
ABT	D	0.19%
PGR	D	0.19%
TD	F	0.19%
BMY	F	0.19%
PH	C	0.19%
MET	D	0.19%
CDW	D	0.18%
SCHW	C	0.18%
ORLY	B	0.17%
GLW	B	0.17%
ZTS	C	0.17%
AMAT	B	0.17%
UBER	B	0.17%
ADP	D	0.17%
PNR	D	0.17%
GWW	D	0.17%
EW	B	0.16%
T	A	0.16%
LRCX	B	0.16%
HPE	B	0.16%
AIG	D	0.15%
NKE	F	0.15%
VRTX	B	0.15%
REGN	B	0.15%
AME	D	0.15%
FFIV	C	0.14%
TDG	C	0.14%
MU	C	0.14%
FAST	F	0.14%
JNPR	B	0.14%
DE	D	0.14%
BX	B	0.14%
PRU	B	0.14%
SONY	C	0.14%
PNC	C	0.14%
EBAY	B	0.13%
SBUX	F	0.13%
ACGL	B	0.13%
CBRE	B	0.13%
TRV	D	0.13%
AMP	C	0.13%
SPG	B	0.13%
APO	A	0.13%
MELI	B	0.13%
ICE	A	0.12%
BDX	D	0.12%
WELL	A	0.12%
ALL	D	0.12%
IQV	F	0.12%
DEO	F	0.12%
PANW	B	0.12%
COF	C	0.11%
AMT	B	0.11%
HIG	B	0.11%
PPG	D	0.11%
TEL	B	0.11%
AVB	A	0.11%
APH	B	0.11%
CME	D	0.11%
KKR	B	0.1%
AZO	B	0.1%
PSA	B	0.1%
ENPH	F	0.1%
FTV	D	0.1%
ROST	B	0.1%
WM	A	0.1%
TMUS	B	0.1%
BK	A	0.1%
CHD	C	0.1%
MRVL	C	0.1%
USB	C	0.1%
CMG	C	0.09%
SCCO	D	0.09%
HUM	C	0.09%
NEM	B	0.09%
GIS	D	0.09%
KDP	C	0.09%
PYPL	F	0.09%
TDY	D	0.09%
CSX	C	0.09%
ESS	B	0.09%
EQH	B	0.09%
MUFG	C	0.08%
ALLE	C	0.08%
ADSK	B	0.08%
IDXX	D	0.08%
LIN	B	0.08%
BR	C	0.08%
YUM	D	0.08%
RS	D	0.08%
LULU	F	0.08%
ROK	D	0.08%
AON	C	0.08%
WTW	B	0.07%
NTAP	A	0.07%
CCI	C	0.07%
AJG	B	0.07%
WRB	C	0.07%
REG	B	0.07%
MKL	C	0.07%
AIZ	D	0.07%
DFS	A	0.07%
AFG	D	0.07%
MTB	B	0.07%
PAYX	D	0.07%
EQR	A	0.07%
SHOP	C	0.07%
WAB	D	0.07%
MTD	B	0.07%
CTSH	C	0.07%
UPS	D	0.07%
ABNB	C	0.06%
BXP	B	0.06%
FTNT	D	0.06%
TRMB	C	0.06%
LEN	D	0.06%
HSY	F	0.06%
ULTA	F	0.06%
ANET	A	0.06%
DXCM	F	0.06%
CHTR	C	0.06%
PCAR	D	0.06%
FIS	B	0.06%
EL	F	0.06%
A	D	0.06%
KEYS	D	0.06%
RMD	D	0.06%
ECL	B	0.06%
GRMN	B	0.06%
SYF	A	0.06%
O	D	0.06%
HOLX	C	0.05%
VRSK	A	0.05%
IRM	A	0.05%
ZBH	D	0.05%
BIIB	C	0.05%
BRO	B	0.05%
GS	B	0.05%
TROW	B	0.05%
TER	B	0.05%
HSIC	F	0.05%
GILD	C	0.05%
RF	C	0.05%
DHI	D	0.05%
CINF	C	0.05%
LKQ	F	0.04%
CPAY	D	0.04%
AZN	B	0.04%
ALNY	B	0.04%
PHM	D	0.04%
CEG	C	0.04%
SMCI	C	0.04%
NTRS	C	0.04%
UHAL	D	0.04%
URI	C	0.04%
GPN	D	0.04%
STZ	B	0.04%
DLTR	F	0.04%
IEX	D	0.04%
CPRT	C	0.04%
EXR	B	0.04%
MRNA	D	0.04%
TTD	A	0.04%
VTR	A	0.04%
BAX	F	0.03%
GDDY	B	0.03%
ROP	A	0.03%
VICI	C	0.03%
FOX	A	0.03%
TGT	D	0.03%
EFX	B	0.03%
NVR	C	0.03%
COIN	C	0.03%
PLTR	B	0.03%
CSGP	D	0.03%
CARR	B	0.03%
STE	C	0.03%
SBAC	D	0.03%
VEEV	F	0.03%
MNST	D	0.03%
BAH	B	0.03%
ERIE	C	0.03%
VLTO	C	0.03%
CBOE	D	0.03%
RJF	C	0.03%
CCEP	B	0.03%
ALGN	F	0.03%
IT	B	0.03%
ILMN	F	0.03%
FOXA	A	0.03%
AXON	C	0.03%
BURL	B	0.03%
OMC	D	0.03%
AVTR	F	0.03%
EG	B	0.03%
NSC	F	0.03%
CTAS	B	0.03%
NDAQ	C	0.03%
BCS	C	0.03%
LYV	C	0.03%
IPG	F	0.02%
LYG	B	0.02%
ZM	D	0.02%
TEVA	B	0.02%
NBIX	C	0.02%
ANSS	D	0.02%
TT	B	0.02%
WAT	F	0.02%
ZBRA	C	0.02%
VRT	D	0.02%
SEIC	D	0.02%
PODD	C	0.02%
RPRX	F	0.02%
ROL	B	0.02%
DGX	D	0.02%
ALLY	B	0.02%
SNAP	B	0.02%
ETSY	F	0.02%
TFX	D	0.02%
HEI	B	0.02%
MOH	F	0.02%
ODFL	D	0.02%
WST	D	0.02%
SQ	D	0.02%
MMM	B	0.02%
MAR	B	0.02%
HLT	A	0.02%
CRWD	B	0.02%
PINS	B	0.02%
POOL	F	0.02%
CTLT	B	0.02%
WDAY	D	0.02%
BMRN	C	0.02%
XRX	F	0.02%
SNOW	D	0.02%
PAYC	F	0.01%
EXAS	F	0.01%
QGEN	D	0.01%
STLD	C	0.01%
MSTR	C	0.01%
WYNN	D	0.01%
MTCH	F	0.01%
EPAM	D	0.01%
SUI	C	0.01%
MKTX	F	0.01%
KVUE	F	0.01%
QFIN	C	0.01%
SQ	D	0.01%
CLX	D	0.01%
DOCU	D	0.01%
TRU	C	0.01%
Z	C	0.01%
BIO	F	0.01%
CZR	C	0.01%
MAS	D	0.01%
JKHY	B	0.01%
C	C	0.01%
FDS	D	0.01%
SWKS	B	0.01%
ALB	F	0.01%
EA	B	0.01%
TECH	D	0.01%
BBWI	F	0.01%
INCY	B	0.01%
MKC	D	0.01%
DOC	B	0.01%
NXPI	B	0.01%
CG	C	0.01%
SNA	D	0.01%
RIVN	C	0.01%
TW	C	0.01%
STT	C	0.01%
WPC	D	0.01%
HBAN	C	0.01%
DASH	D	0.01%
VRSN	C	0.01%
VMC	D	0.01%
YNDX	C	0.0%

NZAC Underweight 77 Positions Relative to DFEM

Symbol	Grade	Weight
IBN	A	-0.58%
VALE	F	-0.28%
SHG	B	-0.19%
UMC	B	-0.19%
IBN	A	-0.16%
GFI	D	-0.15%
YUMC	F	-0.14%
RDY	A	-0.12%
ERJ	D	-0.11%
CX	D	-0.11%
ERJ	D	-0.11%
VIPS	F	-0.08%
HMY	C	-0.08%
BILI	C	-0.08%
PAC	F	-0.07%
GGB	D	-0.07%
BRFS	A	-0.05%
ASR	D	-0.05%
TME	B	-0.04%
CHT	C	-0.04%
IQ	F	-0.04%
SHG	B	-0.04%
BAP	C	-0.04%
GDS	B	-0.04%
CAR	F	-0.04%
LPL	C	-0.04%
PBR	D	-0.03%
OMAB	F	-0.03%
FMX	D	-0.03%
ABEV	F	-0.03%
JKS	F	-0.03%
VIST	C	-0.02%
KEP	F	-0.02%
SKM	C	-0.02%
SKM	C	-0.02%
SBSW	F	-0.02%
CHT	C	-0.02%
UMC	B	-0.02%
IMOS	D	-0.02%
SGRP	B	-0.02%
CIB	C	-0.02%
KOF	D	-0.02%
PKX	F	-0.02%
PHI	C	-0.01%
SLDB	F	-0.01%
AKO.A	B	-0.01%
SHPH	F	-0.01%
BSAC	C	-0.01%
KEP	F	-0.01%
BGNE	F	-0.01%
VIV	F	-0.01%
GGB	D	-0.01%
CSAN	D	-0.01%
BBD	F	-0.01%
SBS	F	-0.01%
GRIN	B	-0.01%
NTES	D	-0.01%
SQM	F	-0.01%
LGHT	F	-0.0%
IFS	C	-0.0%
SBSW	F	-0.0%
UGP	F	-0.0%
ITUB	D	-0.0%
SUZ	D	-0.0%
PDSB	F	-0.0%
ENIC	D	-0.0%
MGNX	F	-0.0%
BGNE	F	-0.0%
CSAN	D	-0.0%
BAOS	F	-0.0%
CIG	D	-0.0%
EBR	F	-0.0%
CCU	F	-0.0%
HTHT	F	-0.0%
ZLAB	D	-0.0%
BZUN	F	-0.0%
ZTO	F	-0.0%