NZAC vs. DFSE ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE)

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

DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the Emerging Markets Universe, while adjusting the composition of the Portfolio based on sustainability impact considerations.

Grade (RS Rating)

Last Trade

$33.57

Average Daily Volume

26,301

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	DFSE
30 Days	0.97%	-3.53%
60 Days	0.81%	-1.92%
90 Days	2.64%	-1.35%
12 Months	25.98%	12.47%

24 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in DFSE	Overlap
ASAI	F	0.02%	0.03%	0.02%
ASAI	F	0.02%	0.07%	0.02%
BABA	D	0.24%	0.08%	0.08%
BABA	D	0.24%	1.33%	0.24%
BCH	F	0.02%	0.04%	0.02%
BCH	F	0.02%	0.01%	0.01%
BIDU	F	0.03%	0.16%	0.03%
BIDU	F	0.03%	0.06%	0.03%
HDB	C	0.14%	0.22%	0.14%
HDB	C	0.14%	0.18%	0.14%
INFY	B	0.11%	0.51%	0.11%
KB	B	0.01%	0.06%	0.01%
KB	B	0.01%	0.25%	0.01%
LI	F	0.11%	0.09%	0.09%
NIO	F	0.02%	0.06%	0.02%
NIO	F	0.0%	0.06%	0.0%
PDD	F	0.08%	0.78%	0.08%
TCOM	B	0.06%	0.11%	0.06%
TCOM	B	0.06%	0.37%	0.06%
WIT	A	0.0%	0.02%	0.0%
WIT	A	0.0%	0.12%	0.0%
WIT	A	0.07%	0.12%	0.07%
WIT	A	0.07%	0.02%	0.02%
XPEV	C	0.04%	0.14%	0.04%

NZAC Overweight 355 Positions Relative to DFSE

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%
JPM	A	1.09%
GOOGL	C	1.03%
LLY	F	0.94%
EIX	B	0.81%
UNH	C	0.77%
V	A	0.75%
MA	C	0.65%
JNJ	D	0.62%
IBM	C	0.6%
ABBV	D	0.6%
ORCL	B	0.59%
HD	A	0.58%
SHW	A	0.56%
NFLX	A	0.49%
MRK	F	0.47%
ADI	D	0.46%
BAC	A	0.44%
CRM	B	0.42%
NVS	D	0.41%
CSCO	B	0.4%
ACN	C	0.39%
NOW	A	0.39%
BRK.A	B	0.39%
DLR	B	0.39%
SPGI	C	0.38%
ACM	A	0.36%
MCD	D	0.36%
XYL	D	0.36%
AXP	A	0.36%
TJX	A	0.36%
WMT	A	0.35%
ADBE	C	0.35%
ABBV	D	0.34%
EQIX	A	0.33%
ITW	B	0.33%
TMO	F	0.32%
BSX	B	0.31%
ISRG	A	0.31%
INTU	C	0.31%
DIS	B	0.29%
AFL	B	0.28%
ETN	A	0.28%
TXN	C	0.27%
MSI	B	0.27%
AMD	F	0.27%
BLK	C	0.27%
MS	A	0.26%
QCOM	F	0.26%
SYK	C	0.25%
LOW	D	0.25%
CMCSA	B	0.25%
WFC	A	0.25%
PH	A	0.25%
BKNG	A	0.24%
CB	C	0.24%
PWR	A	0.24%
BMY	B	0.24%
MDT	D	0.23%
PNR	A	0.23%
PGR	A	0.22%
MCO	B	0.22%
VZ	C	0.21%
AMGN	D	0.21%
GWW	B	0.21%
PLD	D	0.21%
UNP	C	0.21%
MET	A	0.21%
MMC	B	0.2%
ADP	B	0.2%
SCHW	B	0.19%
TD	F	0.19%
PFE	D	0.19%
PNC	B	0.19%
DHR	F	0.19%
GLW	B	0.19%
BX	A	0.19%
ABT	B	0.19%
FI	A	0.18%
CBRE	B	0.18%
INTC	D	0.18%
FFIV	B	0.18%
T	A	0.18%
ORLY	B	0.18%
UBER	D	0.17%
FAST	B	0.17%
SONY	B	0.17%
ELV	F	0.17%
APO	B	0.17%
HPE	B	0.16%
AMP	A	0.16%
FSLR	F	0.16%
ZTS	D	0.16%
AME	A	0.16%
KLAC	D	0.15%
PRU	A	0.15%
WELL	A	0.15%
SBUX	A	0.15%
SPG	B	0.15%
TRV	B	0.15%
EBAY	D	0.14%
COF	B	0.14%
ALL	A	0.14%
DE	A	0.14%
VRTX	F	0.14%
PANW	C	0.14%
AIG	B	0.14%
MELI	D	0.14%
TDG	D	0.13%
ICE	C	0.13%
BK	A	0.13%
KKR	A	0.13%
PYPL	B	0.13%
TMUS	B	0.13%
CDW	F	0.13%
JNPR	F	0.13%
AMAT	F	0.12%
SHOP	B	0.12%
AVB	B	0.12%
ACGL	D	0.12%
HIG	B	0.12%
MRVL	B	0.12%
USB	A	0.12%
CME	A	0.12%
PPG	F	0.11%
AMT	D	0.11%
AON	A	0.11%
EW	C	0.11%
BDX	F	0.11%
PSA	D	0.11%
APH	A	0.11%
NKE	D	0.11%
AZO	C	0.1%
MTB	A	0.1%
ESS	B	0.1%
WM	A	0.1%
CHD	B	0.1%
LRCX	F	0.1%
REGN	F	0.1%
EQH	B	0.1%
IQV	D	0.1%
DEO	F	0.1%
TDY	B	0.1%
FTNT	C	0.09%
AIZ	A	0.09%
SYF	B	0.09%
MU	D	0.09%
ADSK	A	0.09%
ROST	C	0.09%
DFS	B	0.09%
ALLE	D	0.09%
CSX	B	0.09%
FTV	C	0.09%
SCCO	F	0.08%
KDP	D	0.08%
GRMN	B	0.08%
CTSH	B	0.08%
REG	B	0.08%
PAYX	C	0.08%
LULU	C	0.08%
MUFG	B	0.08%
NEM	D	0.08%
GIS	D	0.08%
WAB	B	0.08%
RS	B	0.08%
ROK	B	0.08%
BR	A	0.08%
O	D	0.07%
FIS	C	0.07%
CINF	A	0.07%
BXP	D	0.07%
RVTY	F	0.07%
UPS	C	0.07%
TRMB	B	0.07%
PLTR	B	0.07%
CCI	D	0.07%
RF	A	0.07%
HSBH	B	0.07%
CMG	B	0.07%
WRB	A	0.07%
EQR	B	0.07%
AJG	B	0.07%
MKL	A	0.07%
AFG	A	0.07%
WTW	B	0.07%
RMD	C	0.07%
CHTR	C	0.07%
LIN	D	0.07%
YUM	B	0.07%
A	D	0.06%
VTR	C	0.06%
NTAP	C	0.06%
DHI	D	0.06%
IRM	D	0.06%
MTD	D	0.06%
ECL	D	0.06%
GS	A	0.06%
PCAR	B	0.06%
LEN	D	0.06%
ANET	C	0.06%
GILD	C	0.06%
AXON	A	0.06%
IDXX	F	0.06%
KEYS	A	0.06%
HUM	C	0.06%
CPAY	A	0.05%
LYV	A	0.05%
VRSK	A	0.05%
NTRS	A	0.05%
ZBH	C	0.05%
ABNB	C	0.05%
HOLX	D	0.05%
GPN	B	0.05%
TROW	B	0.05%
URI	B	0.05%
TTD	B	0.05%
HSY	F	0.05%
ULTA	F	0.05%
HSIC	B	0.05%
ENPH	F	0.05%
BRO	B	0.05%
COIN	C	0.04%
ILMN	D	0.04%
RJF	A	0.04%
CEG	D	0.04%
DXCM	D	0.04%
NSC	B	0.04%
FOXA	B	0.04%
UHAL	D	0.04%
CTAS	B	0.04%
BCS	C	0.04%
PHM	D	0.04%
CPRT	A	0.04%
NDAQ	A	0.04%
EXR	D	0.04%
IEX	B	0.04%
BAH	F	0.03%
ALGN	D	0.03%
EFX	F	0.03%
WDAY	B	0.03%
STE	F	0.03%
NVR	D	0.03%
AZN	D	0.03%
VICI	C	0.03%
MNST	C	0.03%
AVTR	F	0.03%
XRX	F	0.03%
VLTO	D	0.03%
CCEP	C	0.03%
EG	C	0.03%
SBAC	D	0.03%
VEEV	C	0.03%
CARR	D	0.03%
LKQ	D	0.03%
ERIE	D	0.03%
GDDY	A	0.03%
BIIB	F	0.03%
OMC	C	0.03%
IT	C	0.03%
CBOE	B	0.03%
FOX	A	0.03%
EL	F	0.03%
ALNY	D	0.03%
BURL	A	0.03%
TER	D	0.03%
STZ	D	0.03%
Z	A	0.02%
CG	A	0.02%
ANSS	B	0.02%
ALLY	C	0.02%
VMC	B	0.02%
BMRN	D	0.02%
TW	A	0.02%
RPRX	D	0.02%
TFX	F	0.02%
MOH	F	0.02%
ROL	B	0.02%
STT	A	0.02%
CRWD	B	0.02%
SNA	A	0.02%
WST	C	0.02%
TT	A	0.02%
HBAN	A	0.02%
WAT	B	0.02%
MSTR	C	0.02%
DGX	A	0.02%
SEIC	B	0.02%
ZM	B	0.02%
ZBRA	B	0.02%
PODD	C	0.02%
HEI	B	0.02%
DASH	A	0.02%
CTLT	B	0.02%
BAX	D	0.02%
VRT	B	0.02%
MAR	B	0.02%
SNOW	C	0.02%
ODFL	B	0.02%
DLTR	F	0.02%
HLT	A	0.02%
ROP	B	0.02%
LH	C	0.02%
POOL	C	0.02%
CSGP	D	0.02%
MMM	D	0.02%
SQ	B	0.02%
TGT	F	0.02%
MBAVU	D	0.01%
SMCI	F	0.01%
QGEN	D	0.01%
EXAS	D	0.01%
SWKS	F	0.01%
MTCH	D	0.01%
BBWI	D	0.01%
WYNN	D	0.01%
STLD	B	0.01%
RIVN	F	0.01%
SUI	D	0.01%
NXPI	D	0.01%
JKHY	D	0.01%
TECH	D	0.01%
BIO	D	0.01%
SNAP	C	0.01%
ALB	C	0.01%
C	A	0.01%
PAYC	B	0.01%
EPAM	C	0.01%
KVUE	A	0.01%
MAS	D	0.01%
CLX	B	0.01%
DOC	D	0.01%
MKC	D	0.01%
MRNA	F	0.01%
MKTX	D	0.01%
SQ	B	0.01%
FDS	B	0.01%
TRU	D	0.01%
EA	A	0.01%
NBIX	C	0.01%
IPG	D	0.01%
PINS	D	0.01%
WPC	D	0.01%
INCY	C	0.01%
VRSN	F	0.01%
QFIN	B	0.01%
DOCU	A	0.01%
LYG	F	0.01%
TEVA	D	0.01%

NZAC Underweight 68 Positions Relative to DFSE

Symbol	Grade	Weight
IBN	C	-0.62%
SHG	D	-0.25%
VIPS	F	-0.2%
NTES	D	-0.16%
IBN	C	-0.14%
ERJ	B	-0.14%
GFI	D	-0.14%
TME	D	-0.13%
PAC	B	-0.13%
ASR	D	-0.1%
BAP	B	-0.09%
BILI	D	-0.09%
ITUB	F	-0.07%
YUMC	C	-0.07%
FMX	F	-0.07%
SQM	F	-0.06%
UGP	F	-0.05%
ABEV	F	-0.05%
RDY	F	-0.05%
KOF	F	-0.05%
BGNE	D	-0.05%
BBD	D	-0.05%
SHG	D	-0.04%
BGNE	D	-0.04%
VIV	F	-0.04%
CIB	B	-0.04%
SBSW	D	-0.04%
GGB	C	-0.04%
SGRP	D	-0.03%
OMAB	D	-0.03%
ASX	D	-0.02%
BSAC	F	-0.02%
AKO.A	F	-0.02%
IQ	F	-0.02%
ERJ	B	-0.02%
CIG	C	-0.02%
SUZ	C	-0.02%
SKM	D	-0.02%
WF	C	-0.02%
EBR	F	-0.01%
CCU	D	-0.01%
SKM	D	-0.01%
BZ	F	-0.01%
SHPH	F	-0.01%
IFS	B	-0.01%
SLDB	F	-0.01%
BSBR	F	-0.01%
SBS	B	-0.01%
TLK	D	-0.01%
AKO.A	F	-0.01%
ELP	F	-0.01%
CSAN	F	-0.01%
IAC	D	-0.0%
CGA	D	-0.0%
AVAL	C	-0.0%
MGNX	F	-0.0%
NIU	F	-0.0%
KC	A	-0.0%
JEWL	F	-0.0%
ENIC	D	-0.0%
GGB	C	-0.0%
BAOS	F	-0.0%
CSAN	F	-0.0%
DRD	D	-0.0%
ZTO	F	-0.0%
SBSW	D	-0.0%
PDSB	F	-0.0%
BZUN	F	-0.0%