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Trending ETFs

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$40.59

$257 M

3.30%

$1.34

0.20%

Vitals

YTD Return

5.7%

1 yr return

12.2%

3 Yr Avg Return

1.5%

5 Yr Avg Return

5.5%

Net Assets

$257 M

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$40.4
$37.31
$44.22

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$40.59

$257 M

3.30%

$1.34

0.20%

EFAX - Profile

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.66%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Oct 24, 2016
  • Shares Outstanding
    3300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI EAFE ex Fossil Fuels Index(the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective. The Fund is classified as diversified under the Investment Company Act of 1940, as amended; however, the Fund may become non-diversified solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities).  When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in depositary receipts (including American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs)) based on securities comprising the Index. In addition, in seeking to track the Index, the
Fund may invest in equity securities that are not included in the Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index is designed to measure the performance of companies in the MSCI EAFE Index that are fossil fuel reserves free, as determined by the screening methodology based on data from MSCI ESG Research. For purposes of the composition of the Index, fossil fuel reserves are defined as proved and probable reserves for coal, proved reserves for oil and proved reserves for natural gas used for energy purposes, but do not include metallurgical or coking coal, which is primarily used in connection with steel production. The Index is a subset of the MSCI EAFE Index (the Parent Index), which serves as the initial universe of eligible securities for the Index. The Parent Index captures large and mid-capitalization representation across developed market Europe, Australasia, and Far East countries, excluding the United States and Canada. In constructing the Index, the initial universe is screened to exclude companies in the Energy Sector, Utilities Sector or Diversified Metals & Mining Sub-Industry, as classified by the Global Industry Classification Standard (GICS), that own fossil fuel reserves. All other companies classified by GICS that own fossil fuel reserves and derive revenue from business segments associated with energy application of fossil fuels are also excluded from the Index. Examples of business segments associated with energy application of fossil fuels include thermal coal mining, oil and gas exploration and production and downstream activities. Companies that are not assessed by MSCI ESG Research on fossil fuel reserves data are not eligible for inclusion in the Index. The resulting fossil fuel reserves free companies are included in the Index. For purposes of determining which companies are excluded from the Index, the Index Provider (defined below) consults information disclosed by companies in sources including company publications, other public records, and third party data providers. The Index's screening methodology may result in inclusion of certain companies that own fossil fuel reserves, but that do not derive revenue from business segments associated with energy application of fossil fuels. As a result, in seeking to track the Index, the Fund may hold securities of companies that own fossil fuel reserves; however, under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in securities of companies that do not own fossil fuel reserves.
The Index is weighted by free float-adjusted market capitalization. A company's free float-adjusted market capitalization is calculated by multiplying the number of shares readily available in the market by the price of such shares. The Index is reconstituted quarterly as of the close of the last business day of February, May, August and November. New additions to the Parent Index are reviewed for inclusion in the Index each quarter, provided they have been added to the Parent Index by the rebalancing date. Any constituent deleted from the Parent Index is also deleted from the Index. As of November 30, 2023, a significant portion of the Fund comprised companies in the financial and industrial sectors, although this may change from time to time. As of November 30, 2023, countries represented in the Fund included Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. As of November 30, 2023, a significant portion of the Fund comprised companies located in Japan and Europe, although this may change from time to time. As of November 30, 2023, the Index comprised 754 securities.
The Index is sponsored by MSCI, Inc. (the Index Provider), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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EFAX - Performance

Return Ranking - Trailing

Period EFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -6.2% 27.1% 48.05%
1 Yr 12.2% -1.8% 29.8% 41.81%
3 Yr 1.5%* -17.2% 45.0% 42.35%
5 Yr 5.5%* -34.2% 74.2% 49.75%
10 Yr N/A* 0.5% 31.5% 80.50%

* Annualized

Return Ranking - Calendar

Period EFAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.7% -1.4% 22.0% 30.70%
2022 -18.9% -43.6% 71.3% 66.82%
2021 7.7% -28.5% 18.9% 27.65%
2020 7.5% -90.1% 992.1% 53.88%
2019 20.0% -1.9% 38.8% 45.01%

Total Return Ranking - Trailing

Period EFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -6.2% 27.1% 48.05%
1 Yr 12.2% -1.8% 29.8% 41.81%
3 Yr 1.5%* -17.2% 45.0% 42.35%
5 Yr 5.5%* -34.2% 74.2% 49.75%
10 Yr N/A* 0.5% 31.5% N/A

* Annualized

Total Return Ranking - Calendar

Period EFAX Return Category Return Low Category Return High Rank in Category (%)
2023 18.0% 3.2% 23.8% 26.82%
2022 -16.7% -43.6% 144.8% 62.72%
2021 10.5% -22.6% 56.0% 48.23%
2020 9.6% -89.7% 1010.8% 53.06%
2019 23.5% 4.3% 38.8% 36.95%

EFAX - Holdings

Concentration Analysis

EFAX Category Low Category High EFAX % Rank
Net Assets 257 M 3.3 M 425 B 71.80%
Number of Holdings 716 1 10481 19.41%
Net Assets in Top 10 48.3 M 1.01 M 47.5 B 76.58%
Weighting of Top 10 18.05% 4.6% 147.7% 68.99%

Top 10 Holdings

  1. Novo Nordisk A/S 3.08%
  2. ASML Holding NV 2.70%
  3. State Street Navigator Securities Lending Portfolio II 2.07%
  4. Nestle SA 1.78%
  5. AstraZeneca PLC 1.58%
  6. Toyota Motor Corp 1.42%
  7. SAP SE 1.39%
  8. Novartis AG 1.38%
  9. LVMH Moet Hennessy Louis Vuitton SE 1.38%
  10. Roche Holding AG 1.27%

Asset Allocation

Weighting Return Low Return High EFAX % Rank
Stocks
98.88% 0.00% 102.63% 21.73%
Cash
2.12% 0.00% 44.84% 41.29%
Preferred Stocks
0.42% -0.05% 6.57% 37.60%
Other
0.00% -2.12% 69.93% 49.31%
Convertible Bonds
0.00% 0.00% 4.18% 30.45%
Bonds
0.00% 0.00% 79.43% 34.98%

Stock Sector Breakdown

Weighting Return Low Return High EFAX % Rank
Financial Services
19.28% 0.00% 47.75% 34.12%
Healthcare
14.96% 0.00% 20.35% 15.17%
Industrials
14.81% 5.17% 99.49% 48.97%
Consumer Cyclical
11.43% 0.00% 36.36% 26.70%
Consumer Defense
11.38% 0.00% 32.29% 17.85%
Technology
9.44% 0.00% 36.32% 67.93%
Basic Materials
6.63% 0.00% 23.86% 74.57%
Communication Services
5.83% 0.00% 21.69% 51.34%
Real Estate
3.21% 0.00% 14.59% 16.43%
Utilities
2.74% 0.00% 13.68% 51.34%
Energy
0.30% 0.00% 16.89% 92.89%

Stock Geographic Breakdown

Weighting Return Low Return High EFAX % Rank
Non US
98.14% 0.00% 99.44% 6.63%
US
0.74% 0.00% 102.01% 88.29%

EFAX - Expenses

Operational Fees

EFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.01% 19.62% 91.20%
Management Fee 0.20% 0.00% 1.65% 11.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

EFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 2.00% 247.00% 8.16%

EFAX - Distributions

Dividend Yield Analysis

EFAX Category Low Category High EFAX % Rank
Dividend Yield 3.30% 0.00% 17.49% 35.29%

Dividend Distribution Analysis

EFAX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Annual

Net Income Ratio Analysis

EFAX Category Low Category High EFAX % Rank
Net Income Ratio 2.66% -0.93% 6.38% 9.16%

Capital Gain Distribution Analysis

EFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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EFAX - Fund Manager Analysis

Managers

Michael Feehily


Start Date

Tenure

Tenure Rank

Oct 24, 2016

5.6

5.6%

Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.

Karl Schneider


Start Date

Tenure

Tenure Rank

Oct 24, 2016

5.6

5.6%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

John Law


Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

John Law, CFA, Vice President and a Senior Portfolio Manager in the Global Equity Beta Solutions Group, has managed the portion of the Fund's assets allocated to SSGA FM for the Fund's Passive International Small Cap Equity Sub-strategy since 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.34 3.25