{
 "ticker": "USNZ",
 "name": "Xtrackers Net Zero Pathway Paris Aligned US Equity ETF",
 "issuer": "Xtrackers",
 "desk": "themes",
 "url": "https://etfiq.com/funds/USNZ",
 "html": "https://etfiq.com/funds/USNZ",
 "markdown": "https://etfiq.com/funds/USNZ.md",
 "as_of": "2026-09-11",
 "verdict": "USNZ holds 306 stocks, and 2% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "97.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "USNZ, already in the S&P 500: 97.9%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "23.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "USNZ, active share vs the S&P 500: 23.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "46.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "USNZ, top ten holdings: 46.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+17.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "USNZ, total return, 1 year: +17.5%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$301m",
   "source": "SEC filing, whole fund, as filed for May 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "USNZ, net assets: $301m (SEC filing, whole fund, as filed for May 29, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.10%",
   "source": "485BPOS XBRL, Dec 18, 2025",
   "as_of": "2026-09-11",
   "sentence": "USNZ, expense ratio: 0.10% (485BPOS XBRL, Dec 18, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy transition and decarbonisation",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 28, 2022",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "97.9%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "23.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "62.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "41.9%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "46.1%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "306",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 29, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "NVIDIA CORP 9.7%, APPLE INC 8.7%, MICROSOFT CORP 6.4%, AMAZON.COM INC 4.2%, ALPHABET INC 4.0%, ALPHABET INC 3.4%, BROADCOM INC 3.4%, META PLATFORMS INC 2.4%, TESLA INC 2.1%, MICRON TECHNOLOGY INC 1.9%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$301m",
   "source": "SEC filing, whole fund, as filed for May 29, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22121.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.10%",
   "source": "485BPOS XBRL, Dec 18, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.43%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "AIEQ 57%, TNXT 49%, IQSZ 45%, IETC 44%, XIGV 42%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+0.5 pts",
   "Gap to Nasdaq-100": "+4.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+18.5%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+2.5 pts",
   "Gap to Nasdaq-100": "\u22122.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+17.5%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "0.0 pts",
   "Gap to Nasdaq-100": "\u22125.5 pts"
  },
  {
   "window": "3 years",
   "Total return": "+75.8%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u22122.1 pts",
   "Gap to Nasdaq-100": "\u221219.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+108.0%",
   "S&P 500": "+111.8%",
   "Gap to S&P 500": "\u22123.8 pts",
   "Gap to Nasdaq-100": "\u221250.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of USNZ is in S&P 500 companies?",
   "a": "By its holdings filed for May 29, 2026, 98% of USNZ by weight is stocks the S&P 500 already holds. Its active share against the index is 23%, so that share is the part doing something different."
  },
  {
   "q": "What does USNZ hold?",
   "a": "306 positions as filed for May 29, 2026, with the top ten at 46% of the fund. The largest are NVIDIA CORP at 9.7%, APPLE INC at 8.7%, MICROSOFT CORP at 6.4%."
  },
  {
   "q": "Has USNZ beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 USNZ returned +17.5% with distributions reinvested, against +17.5% for the S&P 500, so it finished about even with the index by 0.0 points."
  },
  {
   "q": "What does USNZ cost?",
   "a": "The prospectus expense ratio is 0.10% a year. Because 23% of the fund differs from the S&P 500, the fee on that differing part works out at 0.43%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}