Key stats
About SPDR MSCI ACWI Climate Paris Aligned ETF
Expense ratio
0.12%
Home page
Inception date
Nov 25, 2014
NZAC takes a climate approach to investing in the global large- and mid-cap space. The index initially screens out stocks from the MSCI ACWI Index, that are involved in controversial weapons, tobacco, thermal coal mining, oil and gas, and power generation, as well as severe ESG controversies and environmental issues. The portfolio selection and weighting utilize an optimization process that minimizes exposure to physical and transition risks of climate change while providing exposure to sustainable opportunities. Optimization constraints include greenhouse gas intensity reduction, low carbon transition score, climate value-at-risk, green revenue, and fossil fuels-based revenue. The index also uses an optimizer to maintain the sector weighting in the parent index. The fund uses a sampling strategy to track its index, which is rebalanced semi-annually. Before April 22, 2022, NZAC traded as SPDR MSCI ACWI Low Carbon Target ETF (LOWC) and tracked the MSCI ACWI Low Carbon Target Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Technology Services
Stocks99.19%
Finance22.57%
Electronic Technology17.09%
Technology Services16.99%
Health Technology9.68%
Producer Manufacturing6.28%
Retail Trade5.77%
Commercial Services2.65%
Transportation2.51%
Consumer Durables2.34%
Utilities2.22%
Consumer Services2.01%
Consumer Non-Durables1.80%
Industrial Services1.79%
Process Industries1.72%
Health Services1.20%
Communications1.04%
Non-Energy Minerals1.02%
Distribution Services0.50%
Miscellaneous0.01%
Bonds, Cash & Other0.81%
Mutual fund0.33%
Cash0.29%
UNIT0.19%
Stock breakdown by region
North America70.18%
Europe15.01%
Asia11.53%
Oceania1.50%
Middle East1.01%
Latin America0.44%
Africa0.33%
Top 10 holdings
Dividends
Dividend payout history