Key stats
About DBX ETF Trust Xtrackers MSCI USA Climate Action Equity ETF
Expense ratio
0.07%
Home page
Inception date
Apr 4, 2023
USCA provides a climate-friendly approach to investing in the US large- and mid-cap space. The fund tracks an index screened toward stocks considered leaders in taking actions relating to climate transition. The fund drafts its selection universe from the MSCI USA Index, removing those involved in controversial business activities. The fund also screens out firms that are non-compliant with norms on the environment, human rights, governance, and carbon reduction goals approved by the United Nations Global Compact, and other SBTi. A screen for companies with bleak climate risk management removes the bottom quarter from each sector. The remaining stocks undergo a security-level assessment based on: (i) science-based target initiative, (ii) greenhouse gas intensity, (iii) emission track record, and (iv) green business revenue. Based on the assessment, the top 50% within each sector are selected. The index is market cap-weighted and rebalances on a semi-annual basis.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Stock breakdown by region
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