SAIL - NZS Capital's Q3 2021 Letter

• NZS Capital, an investment company focused on innovative businesses that work toward maximizing non-zero-sum outcomes for their investors, customers, employees, society, and the global environment.
• The NZS Capital Growth Equity strategy had a gross return of 0.71% in the third quarter of 2021 compared to its global market index benchmark, which was down 1.01%.
• Year to date, the strategy has returned 15.78% compared to the benchmark’s 11.20%. The NZS Capital Select strategy declined 0.32% gross in the third quarter of 2021 and rose 19.34% year to date.
• Information technology remained our largest weighting at 56.45%. Our technology investments were up1.97%, ahead of the benchmark technology component, up 0.58%.
• Among the top contributors in theperiod were Ball Corp, Salesforce.com, Cadence Design Systems, Microsoft, ASML, Adyen, SunCommunities, and Chipotle.

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