NZAC vs. ESGV ETF Comparison

Comparison of SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) to Vanguard ESG U.S. Stock ETF (ESGV)

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

$37.15

Average Daily Volume

14,436

Number of Holdings ^*

367

* may have additional holdings in another (foreign) market

ESGV

Vanguard ESG U.S. Stock ETF

ESGV Description

The investment seeks to track the performance of the FTSE US All Cap Choice Index. The adviser attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The index, which is market-capitalization weighted, is composed of large-, mid-, and small-cap stocks of companies located in the United States and is screened for certain environmental, social, and corporate governance (ESG) criteria by the index sponsor, which is independent of Vanguard.

Grade (RS Rating)

Last Trade

$101.20

Average Daily Volume

186,032

Number of Holdings ^*

490

* may have additional holdings in another (foreign) market

Performance

Period	NZAC	ESGV
30 Days	4.21%	4.33%
60 Days	11.83%	11.07%
90 Days	5.20%	2.98%
12 Months	34.16%	36.85%

288 Overlapping Holdings

Symbol	Grade	Weight in NZAC	Weight in ESGV	Overlap
A	B	0.06%	0.09%	0.06%
AAPL	C	4.45%	6.97%	4.45%
ABBV	C	0.61%	0.69%	0.61%
ABBV	C	0.4%	0.69%	0.4%
ABNB	D	0.04%	0.15%	0.04%
ABT	C	0.19%	0.41%	0.19%
ACGL	A	0.14%	0.08%	0.08%
ACN	B	0.38%	0.43%	0.38%
ADBE	F	0.35%	0.57%	0.35%
ADP	A	0.19%	0.22%	0.19%
ADSK	B	0.08%	0.12%	0.08%
AFG	A	0.07%	0.02%	0.02%
AFL	A	0.28%	0.12%	0.12%
AIG	C	0.14%	0.11%	0.11%
AIZ	B	0.08%	0.02%	0.02%
AJG	C	0.07%	0.13%	0.07%
ALB	D	0.01%	0.03%	0.01%
ALGN	D	0.03%	0.04%	0.03%
ALL	A	0.13%	0.1%	0.1%
ALLE	A	0.09%	0.02%	0.02%
ALLY	F	0.01%	0.02%	0.01%
ALNY	C	0.04%	0.07%	0.04%
AMAT	C	0.13%	0.45%	0.13%
AMD	C	0.31%	0.59%	0.31%
AMGN	D	0.23%	0.38%	0.23%
AMP	A	0.13%	0.1%	0.1%
AMT	D	0.12%	0.21%	0.12%
AMZN	C	2.15%	4.08%	2.15%
ANET	A	0.06%	0.21%	0.06%
AON	A	0.1%	0.13%	0.1%
APO	A	0.14%	0.14%	0.14%
AVB	C	0.12%	0.07%	0.07%
AVGO	B	1.11%	1.66%	1.11%
AVTR	D	0.03%	0.03%	0.03%
AXON	A	0.04%	0.05%	0.04%
AXP	A	0.34%	0.3%	0.3%
AZO	D	0.1%	0.12%	0.1%
BAC	B	0.36%	0.61%	0.36%
BAX	D	0.03%	0.04%	0.03%
BBWI	F	0.01%	0.02%	0.01%
BDX	C	0.11%	0.15%	0.11%
BIIB	F	0.04%	0.08%	0.04%
BK	A	0.11%	0.1%	0.1%
BKNG	B	0.19%	0.31%	0.19%
BLK	A	0.24%	0.26%	0.24%
BMRN	F	0.02%	0.04%	0.02%
BMY	A	0.23%	0.19%	0.19%
BR	B	0.08%	0.05%	0.05%
BRO	A	0.05%	0.05%	0.05%
BSX	A	0.29%	0.26%	0.26%
BURL	C	0.03%	0.03%	0.03%
BX	C	0.16%	0.2%	0.16%
BXP	B	0.07%	0.02%	0.02%
C	B	0.01%	0.28%	0.01%
CARR	A	0.03%	0.12%	0.03%
CB	A	0.24%	0.23%	0.23%
CBOE	B	0.03%	0.04%	0.03%
CBRE	C	0.17%	0.06%	0.06%
CCEP	C	0.03%	0.03%	0.03%
CCI	D	0.08%	0.1%	0.08%
CDW	D	0.16%	0.07%	0.07%
CHD	D	0.09%	0.06%	0.06%
CHTR	D	0.06%	0.06%	0.06%
CINF	A	0.06%	0.04%	0.04%
CLX	C	0.01%	0.04%	0.01%
CMCSA	B	0.24%	0.35%	0.24%
CME	A	0.12%	0.16%	0.12%
CMG	C	0.07%	0.19%	0.07%
COF	A	0.11%	0.12%	0.11%
COIN	F	0.02%	0.1%	0.02%
CPAY	A	0.04%	0.04%	0.04%
CPRT	B	0.04%	0.11%	0.04%
CRM	B	0.35%	0.55%	0.35%
CRWD	D	0.01%	0.19%	0.01%
CSCO	A	0.37%	0.44%	0.37%
CSGP	F	0.03%	0.07%	0.03%
CSX	D	0.09%	0.15%	0.09%
CTAS	C	0.04%	0.14%	0.04%
CTLT	A	0.02%	0.02%	0.02%
CTSH	B	0.08%	0.08%	0.08%
DASH	A	0.02%	0.09%	0.02%
DE	C	0.14%	0.22%	0.14%
DFS	A	0.07%	0.07%	0.07%
DGX	D	0.02%	0.03%	0.02%
DHR	D	0.23%	0.38%	0.23%
DIS	D	0.24%	0.41%	0.24%
DLR	C	0.35%	0.11%	0.11%
DLTR	F	0.03%	0.05%	0.03%
DOC	C	0.01%	0.03%	0.01%
DOCU	A	0.01%	0.02%	0.01%
DXCM	F	0.03%	0.1%	0.03%
EA	D	0.01%	0.08%	0.01%
EBAY	A	0.14%	0.06%	0.06%
EFX	D	0.03%	0.07%	0.03%
EG	A	0.03%	0.04%	0.03%
EL	D	0.05%	0.06%	0.05%
ELV	F	0.22%	0.29%	0.22%
ENPH	F	0.1%	0.03%	0.03%
EPAM	F	0.01%	0.02%	0.01%
EQH	B	0.09%	0.03%	0.03%
EQIX	C	0.32%	0.16%	0.16%
EQR	C	0.07%	0.06%	0.06%
ESS	D	0.09%	0.04%	0.04%
EW	F	0.1%	0.13%	0.1%
EXR	D	0.04%	0.07%	0.04%
FAST	C	0.15%	0.08%	0.08%
FDS	C	0.01%	0.04%	0.01%
FFIV	B	0.16%	0.02%	0.02%
FIS	A	0.06%	0.1%	0.06%
FOXA	B	0.03%	0.02%	0.02%
FSLR	C	0.2%	0.05%	0.05%
FTNT	A	0.07%	0.09%	0.07%
GDDY	B	0.03%	0.04%	0.03%
GILD	A	0.06%	0.19%	0.06%
GIS	C	0.1%	0.08%	0.08%
GLW	C	0.18%	0.07%	0.07%
GOOG	B	1.39%	2.15%	1.39%
GOOGL	B	0.99%	2.34%	0.99%
GPN	F	0.04%	0.06%	0.04%
GRMN	D	0.06%	0.06%	0.06%
GS	B	0.05%	0.32%	0.05%
HBAN	B	0.02%	0.04%	0.02%
HD	A	0.58%	0.78%	0.58%
HIG	A	0.12%	0.07%	0.07%
HLT	A	0.02%	0.12%	0.02%
HOLX	D	0.05%	0.04%	0.04%
HPE	B	0.15%	0.06%	0.06%
HSY	D	0.06%	0.06%	0.06%
HUM	F	0.06%	0.1%	0.06%
ICE	A	0.13%	0.18%	0.13%
IDXX	D	0.07%	0.09%	0.07%
IEX	D	0.04%	0.03%	0.03%
ILMN	B	0.03%	0.04%	0.03%
INCY	B	0.01%	0.03%	0.01%
INTC	D	0.17%	0.3%	0.17%
INTU	F	0.27%	0.41%	0.27%
IPG	D	0.02%	0.02%	0.02%
IQV	F	0.12%	0.09%	0.09%
IRM	B	0.06%	0.06%	0.06%
ISRG	C	0.28%	0.36%	0.28%
IT	A	0.03%	0.08%	0.03%
ITW	C	0.32%	0.16%	0.16%
JKHY	A	0.01%	0.03%	0.01%
JNPR	C	0.14%	0.03%	0.03%
JPM	C	0.91%	1.32%	0.91%
KDP	C	0.09%	0.08%	0.08%
KEYS	B	0.07%	0.05%	0.05%
KLAC	B	0.18%	0.25%	0.18%
LEN	C	0.07%	0.08%	0.07%
LIN	C	0.08%	0.48%	0.08%
LKQ	F	0.03%	0.02%	0.02%
LLY	D	1.1%	1.75%	1.1%
LOW	C	0.25%	0.29%	0.25%
LRCX	D	0.11%	0.32%	0.11%
LULU	D	0.07%	0.08%	0.07%
LYV	A	0.04%	0.03%	0.03%
MA	A	0.61%	0.83%	0.61%
MAR	A	0.02%	0.13%	0.02%
MAS	C	0.01%	0.03%	0.01%
MCD	A	0.37%	0.42%	0.37%
MCO	D	0.22%	0.15%	0.15%
MDT	C	0.23%	0.24%	0.23%
MELI	D	0.16%	0.18%	0.16%
MET	A	0.21%	0.1%	0.1%
META	A	1.67%	2.51%	1.67%
MKC	C	0.01%	0.04%	0.01%
MKL	B	0.07%	0.05%	0.05%
MMC	D	0.2%	0.24%	0.2%
MNST	D	0.03%	0.09%	0.03%
MOH	F	0.02%	0.04%	0.02%
MRK	F	0.55%	0.71%	0.55%
MRNA	F	0.02%	0.09%	0.02%
MRVL	C	0.1%	0.14%	0.1%
MS	A	0.2%	0.26%	0.2%
MSFT	D	4.05%	7.56%	4.05%
MSI	A	0.24%	0.14%	0.14%
MSTR	B	0.01%	0.05%	0.01%
MTB	A	0.08%	0.06%	0.06%
MTD	C	0.07%	0.07%	0.07%
MU	D	0.09%	0.33%	0.09%
NBIX	F	0.01%	0.03%	0.01%
NDAQ	C	0.04%	0.05%	0.04%
NEM	C	0.11%	0.11%	0.11%
NFLX	A	0.42%	0.66%	0.42%
NKE	D	0.13%	0.21%	0.13%
NOW	B	0.33%	0.37%	0.33%
NTAP	D	0.06%	0.06%	0.06%
NTRS	B	0.04%	0.04%	0.04%
NVDA	B	3.81%	6.68%	3.81%
NVR	C	0.03%	0.05%	0.03%
NXPI	F	0.01%	0.16%	0.01%
O	C	0.07%	0.1%	0.07%
ODFL	F	0.02%	0.08%	0.02%
OMC	C	0.03%	0.04%	0.03%
ORCL	A	0.54%	0.5%	0.5%
ORLY	A	0.17%	0.14%	0.14%
PANW	B	0.12%	0.24%	0.12%
PAYX	B	0.08%	0.09%	0.08%
PCAR	D	0.05%	0.12%	0.05%
PFE	D	0.22%	0.36%	0.22%
PGR	B	0.22%	0.28%	0.22%
PHM	C	0.04%	0.05%	0.04%
PINS	D	0.02%	0.06%	0.02%
PLD	D	0.23%	0.24%	0.23%
PLTR	A	0.04%	0.12%	0.04%
PNC	C	0.16%	0.14%	0.14%
PNR	C	0.21%	0.03%	0.03%
PODD	C	0.02%	0.03%	0.02%
POOL	D	0.03%	0.03%	0.03%
PRU	B	0.14%	0.1%	0.1%
PSA	C	0.12%	0.1%	0.1%
PYPL	A	0.12%	0.14%	0.12%
QCOM	D	0.27%	0.51%	0.27%
REG	C	0.08%	0.03%	0.03%
REGN	D	0.14%	0.25%	0.14%
RF	B	0.06%	0.04%	0.04%
RIVN	F	0.01%	0.03%	0.01%
RJF	B	0.03%	0.05%	0.03%
RMD	C	0.07%	0.06%	0.06%
ROK	D	0.08%	0.07%	0.07%
ROL	C	0.02%	0.03%	0.02%
ROST	D	0.09%	0.11%	0.09%
RPRX	D	0.02%	0.02%	0.02%
RS	D	0.08%	0.04%	0.04%
SBAC	C	0.03%	0.05%	0.03%
SBUX	B	0.15%	0.2%	0.15%
SCHW	D	0.15%	0.25%	0.15%
SHW	C	0.56%	0.16%	0.16%
SNA	C	0.01%	0.03%	0.01%
SNOW	F	0.02%	0.1%	0.02%
SPG	A	0.14%	0.11%	0.11%
SPGI	C	0.39%	0.32%	0.32%
SQ	D	0.01%	0.08%	0.01%
SQ	D	0.02%	0.08%	0.02%
STE	D	0.03%	0.05%	0.03%
STLD	C	0.01%	0.04%	0.01%
STT	A	0.02%	0.05%	0.02%
SUI	D	0.01%	0.03%	0.01%
SWKS	F	0.01%	0.04%	0.01%
SYF	A	0.07%	0.04%	0.04%
SYK	C	0.23%	0.28%	0.23%
T	B	0.18%	0.31%	0.18%
TECH	D	0.01%	0.03%	0.01%
TER	C	0.04%	0.05%	0.04%
TFX	C	0.02%	0.02%	0.02%
TGT	C	0.02%	0.16%	0.02%
TJX	D	0.35%	0.28%	0.28%
TMO	D	0.38%	0.48%	0.38%
TMUS	A	0.11%	0.19%	0.11%
TRMB	B	0.06%	0.03%	0.03%
TROW	D	0.04%	0.06%	0.04%
TRU	C	0.01%	0.03%	0.01%
TRV	B	0.14%	0.11%	0.11%
TSLA	C	1.05%	1.25%	1.05%
TT	A	0.02%	0.17%	0.02%
TTD	A	0.05%	0.1%	0.05%
TW	A	0.02%	0.03%	0.02%
TXN	C	0.26%	0.4%	0.26%
UBER	C	0.17%	0.33%	0.17%
ULTA	D	0.05%	0.04%	0.04%
UNH	B	0.75%	1.07%	0.75%
UNP	F	0.22%	0.31%	0.22%
UPS	D	0.07%	0.23%	0.07%
USB	C	0.11%	0.14%	0.11%
V	B	0.66%	0.94%	0.66%
VEEV	C	0.03%	0.06%	0.03%
VLTO	A	0.03%	0.05%	0.03%
VMC	D	0.01%	0.07%	0.01%
VRSK	D	0.04%	0.09%	0.04%
VRSN	C	0.01%	0.04%	0.01%
VRT	B	0.02%	0.07%	0.02%
VRTX	D	0.14%	0.28%	0.14%
VTR	C	0.06%	0.05%	0.05%
VZ	C	0.22%	0.4%	0.22%
WAB	A	0.08%	0.06%	0.06%
WAT	B	0.02%	0.04%	0.02%
WDAY	D	0.02%	0.11%	0.02%
WELL	C	0.14%	0.14%	0.14%
WM	B	0.09%	0.19%	0.09%
WPC	C	0.01%	0.03%	0.01%
WRB	C	0.07%	0.04%	0.04%
WST	D	0.02%	0.05%	0.02%
WTW	C	0.07%	0.06%	0.06%
YUM	C	0.08%	0.08%	0.08%
ZBH	F	0.04%	0.05%	0.04%
ZBRA	B	0.02%	0.04%	0.02%
ZM	B	0.02%	0.03%	0.02%
ZTS	C	0.18%	0.18%	0.18%

NZAC Overweight 79 Positions Relative to ESGV

Symbol	Grade	Weight
EIX	C	0.84%
JNJ	D	0.64%
IBM	A	0.63%
ADI	B	0.5%
NVS	D	0.45%
XYL	C	0.39%
BRK.A	B	0.38%
WMT	A	0.34%
ACM	A	0.34%
BABA	A	0.3%
ETN	B	0.26%
PH	A	0.23%
PWR	A	0.22%
TD	B	0.21%
GWW	B	0.19%
WFC	B	0.19%
SONY	C	0.18%
FI	A	0.15%
HDB	D	0.14%
AME	C	0.14%
TDG	A	0.14%
LI	C	0.13%
INFY	B	0.12%
DEO	C	0.12%
KKR	A	0.11%
PPG	D	0.11%
PDD	B	0.1%
TDY	A	0.1%
FTV	C	0.1%
APH	D	0.1%
SHOP	B	0.09%
SCCO	B	0.09%
RVTY	C	0.08%
DHI	C	0.07%
WIT	C	0.07%
MUFG	D	0.07%
ECL	C	0.06%
TCOM	A	0.06%
URI	C	0.05%
HSIC	D	0.05%
BCS	B	0.04%
STZ	D	0.04%
ERIE	A	0.04%
BIDU	C	0.04%
XPEV	C	0.04%
CEG	A	0.04%
UHAL	C	0.04%
XRX	D	0.03%
MMM	C	0.03%
BAH	C	0.03%
VICI	C	0.03%
FOX	B	0.03%
AZN	D	0.03%
NSC	C	0.03%
LYG	C	0.02%
TEVA	D	0.02%
SEIC	B	0.02%
HEI	C	0.02%
ASAI	F	0.02%
BCH	D	0.02%
ROP	D	0.02%
NIO	C	0.02%
MBAVU	C	0.01%
PAYC	D	0.01%
QGEN	F	0.01%
WYNN	B	0.01%
MTCH	B	0.01%
SNAP	D	0.01%
KVUE	C	0.01%
BIO	B	0.01%
EXAS	C	0.01%
MKTX	B	0.01%
KB	D	0.01%
CG	B	0.01%
Z	C	0.01%
QFIN	A	0.01%
ANSS	D	0.01%
WIT	C	0.0%
NIO	C	0.0%

NZAC Underweight 204 Positions Relative to ESGV

Symbol	Grade	Weight
PG	D	-0.89%
COST	C	-0.86%
KO	C	-0.56%
PEP	F	-0.52%
CAT	A	-0.37%
SNPS	F	-0.21%
CI	D	-0.21%
MDLZ	D	-0.2%
CDNS	D	-0.19%
CL	D	-0.18%
CVS	D	-0.17%
MCK	F	-0.17%
FDX	F	-0.15%
HCA	C	-0.14%
APD	C	-0.13%
TFC	D	-0.12%
KMB	D	-0.11%
MCHP	F	-0.11%
F	D	-0.11%
JCI	C	-0.1%
SPOT	C	-0.1%
CTVA	A	-0.09%
RCL	B	-0.09%
NUE	D	-0.09%
MPWR	B	-0.09%
DDOG	B	-0.09%
OTIS	A	-0.09%
RSG	D	-0.09%
SMCI	F	-0.09%
NU	D	-0.09%
KR	C	-0.08%
MLM	F	-0.08%
GEHC	C	-0.08%
DD	C	-0.08%
HPQ	B	-0.08%
EXC	C	-0.08%
CNC	F	-0.08%
SYY	D	-0.08%
FICO	C	-0.08%
IR	A	-0.08%
MSCI	B	-0.08%
KHC	F	-0.07%
HUBS	D	-0.07%
DG	F	-0.07%
TSCO	A	-0.07%
ON	F	-0.07%
ADM	F	-0.07%
IFF	D	-0.06%
CPNG	C	-0.06%
WDC	C	-0.06%
DECK	B	-0.06%
DOV	C	-0.06%
LYB	B	-0.06%
FITB	C	-0.06%
NET	D	-0.06%
AWK	D	-0.06%
ICLR	F	-0.06%
TTWO	D	-0.06%
TEAM	D	-0.06%
STX	C	-0.05%
ARE	D	-0.05%
FCNCA	D	-0.05%
ENTG	D	-0.05%
LPLA	D	-0.05%
TYL	D	-0.05%
PTC	B	-0.05%
APP	A	-0.05%
INVH	D	-0.05%
ARES	A	-0.05%
CAH	B	-0.05%
EXPE	B	-0.04%
WSO	C	-0.04%
TSN	D	-0.04%
PKG	B	-0.04%
CFG	C	-0.04%
MAA	D	-0.04%
BLDR	C	-0.04%
MDB	D	-0.04%
LII	C	-0.04%
AVY	D	-0.04%
EXPD	D	-0.04%
ZS	F	-0.04%
DPZ	D	-0.04%
WSM	C	-0.04%
WBD	F	-0.04%
BBY	C	-0.04%
PFG	A	-0.04%
PSTG	F	-0.04%
AER	C	-0.04%
CCL	C	-0.04%
BALL	C	-0.04%
RBLX	D	-0.04%
APTV	D	-0.04%
GPC	D	-0.04%
CSL	A	-0.04%
BAP	A	-0.03%
QRVO	F	-0.03%
ELF	F	-0.03%
CPT	C	-0.03%
SJM	D	-0.03%
GWRE	A	-0.03%
CYBR	C	-0.03%
TOST	B	-0.03%
KMX	F	-0.03%
DT	B	-0.03%
BJ	B	-0.03%
RNR	A	-0.03%
CLH	B	-0.03%
TOL	C	-0.03%
ELS	D	-0.03%
LW	D	-0.03%
USFD	C	-0.03%
XPO	F	-0.03%
BLD	D	-0.03%
NTRA	A	-0.03%
SWK	C	-0.03%
FLEX	B	-0.03%
WING	C	-0.03%
HST	D	-0.03%
VTRS	D	-0.03%
SAIA	D	-0.03%
AMH	D	-0.03%
NVT	C	-0.03%
KIM	C	-0.03%
IBKR	A	-0.03%
JBL	C	-0.03%
FNF	C	-0.03%
THC	D	-0.03%
KEY	B	-0.03%
NDSN	C	-0.03%
GGG	C	-0.03%
JBHT	D	-0.03%
NWSA	D	-0.03%
L	C	-0.03%
RGA	B	-0.03%
SSNC	C	-0.03%
UDR	C	-0.03%
CHKP	A	-0.03%
CVNA	A	-0.03%
CAG	D	-0.03%
AKAM	D	-0.03%
RPM	A	-0.03%
NTNX	C	-0.03%
CF	A	-0.03%
UTHR	C	-0.03%
SRPT	F	-0.03%
OKTA	F	-0.03%
IP	C	-0.03%
OC	C	-0.03%
BG	F	-0.03%
HOOD	B	-0.03%
K	B	-0.03%
MANH	A	-0.03%
SFM	A	-0.02%
X	F	-0.02%
KNSL	B	-0.02%
TKO	A	-0.02%
EHC	C	-0.02%
APG	F	-0.02%
CPB	D	-0.02%
DCI	B	-0.02%
SNX	C	-0.02%
CCK	C	-0.02%
FHN	D	-0.02%
MKSI	F	-0.02%
WBA	F	-0.02%
CROX	C	-0.02%
HRL	F	-0.02%
FN	B	-0.02%
CNH	C	-0.02%
MUSA	D	-0.02%
ARMK	C	-0.02%
ANF	D	-0.02%
GRAB	C	-0.02%
DOX	B	-0.02%
ESTC	F	-0.02%
MOS	F	-0.02%
SKX	B	-0.02%
ATR	A	-0.02%
WTRG	D	-0.02%
ONON	A	-0.02%
REXR	D	-0.02%
JLL	C	-0.02%
UNM	A	-0.02%
MNDY	B	-0.02%
TTC	F	-0.02%
OLED	B	-0.02%
AOS	C	-0.02%
TPR	B	-0.02%
TWLO	B	-0.02%
EWBC	B	-0.02%
CELH	F	-0.02%
CHRW	C	-0.02%
CUBE	C	-0.02%
SCI	D	-0.02%
INSM	D	-0.02%
FND	C	-0.02%
LAMR	C	-0.02%
MEDP	F	-0.02%
CRL	F	-0.02%
UHS	D	-0.02%
WMS	D	-0.02%
FIX	A	-0.02%
ONTO	B	-0.02%