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    SPDR® MSCI ACWI Low Carbon Target ETF LOWC

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $116.57

    as of Jan 14 2021

    Base Currency

    USD

    Assets Under Management

    $81.60 M

    as of Jan 14 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.30%

    Quick Links

    Key Features

    Key Features

    • The SPDR® MSCI ACWI Low Carbon Target ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Low Carbon Target Index (the “Index”)
    • Seeks to offer reduced exposure to carbon emissions and fossil fuel reserves and full market participation for investors conscious of carbon as a risk premia
    • LOWC’s Index reweights the securities in the MSCI ACWI Index to favor companies with lower carbon emissions and fossil fuel reserves within a tracking error target constraint of 30 basis points relative to the MSCI ACWI Index
    • This index includes large and mid-cap stocks across developed and emerging market countries

    About this Benchmark

    About this Benchmark

    The MSCI ACWI Low Carbon Target Index is designed to address two dimensions of carbon exposure - carbon emissions and fossil fuel reserves. By overweighting companies with low carbon emissions relative to sales and per dollar of market capitalization, the Index aims to reflect a lower carbon exposure than that of the broad market. The Index is designed to achieve a target level of tracking relative to a broad market index (such as the Parent Index) while minimizing the carbon exposure. The Index is a subset of the MSCI ACWI Index (the Parent Index), which measures the combined equity market performance of developed and emerging market countries.

    Fund Information as of Jan 14 2021

    Fund Information as of Jan 14 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Net Expense Ratio

    ^ SSGA Funds Management, Inc. ("SSGA FM" or the "Adviser") has contractually agreed to waive its management fee and/or reimburse certain expenses, until January 31, 2021, so that the net annual Fund operating expenses of the Fund, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.20% of the Fund's average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after January 31, 2021. The waiver and/or reimbursement may not be terminated prior to January 31, 2021 except with the approval of the Fund's Board of Trustees.

    		 Base Currency Investment Manager
    MSCI ACWI Low Carbon Target Index Nov 25 2014 No 0.30% 0.20% USD SSGA Funds Management, Inc.
    Benchmark MSCI ACWI Low Carbon Target Index
    Inception Date Nov 25 2014
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.30%
    Net Expense Ratio

    ^ SSGA Funds Management, Inc. ("SSGA FM" or the "Adviser") has contractually agreed to waive its management fee and/or reimburse certain expenses, until January 31, 2021, so that the net annual Fund operating expenses of the Fund, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.20% of the Fund's average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after January 31, 2021. The waiver and/or reimbursement may not be terminated prior to January 31, 2021 except with the approval of the Fund's Board of Trustees.

    		 0.20%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Distributor Distribution Frequency
    Global Equity Beta Solutions State Street Global Advisors Funds Distributors, LLC Semi-Annually
    Management Team Global Equity Beta Solutions
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Semi-Annually

    Listing Information as of Jan 14 2021

    Listing Information as of Jan 14 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Nov 26 2014 USD LOWC 78463X194 US78463X1946
    Exchange NYSE ARCA EXCHANGE
    Listing Date Nov 26 2014
    Trading Currency USD
    Ticker LOWC
    CUSIP 78463X194
    ISIN US78463X1946

    Fund Characteristics as of Jan 14 2021

    Fund Characteristics as of Jan 14 2021
    Est. 3-5 Year EPS Growth

    Estimated 3-5 Year EPS Growth

    Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

    		 Number of Holdings Price/Book Ratio

    Price/Book Ratio

    The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

    		 Price/Earnings Ratio FY1

    Price/Earnings Ratio FY1

    The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

    		 Weighted Average Market Cap
    13.27% 1,608 2.77 22.41 $296,156.00 M
    Est. 3-5 Year EPS Growth

    Estimated 3-5 Year EPS Growth

    Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

    		 13.27%
    Number of Holdings 1,608
    Price/Book Ratio

    Price/Book Ratio

    The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

    		 2.77
    Price/Earnings Ratio FY1

    Price/Earnings Ratio FY1

    The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

    		 22.41
    Weighted Average Market Cap $296,156.00 M

    Index Characteristics as of Dec 31 2020

    Index Characteristics as of Dec 31 2020
    Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
    13.39% 2,082 10.22 23.48 21.92
    Est. 3-5 Year EPS Growth 13.39%
    Number of Holdings 2,082
    Price/Cash Flow 10.22
    Price/Earnings 23.48
    Price/Earnings Ratio FY1 21.92

    Index Statistics as of Dec 31 2020

    Index Statistics as of Dec 31 2020

    Weighted Average Market Cap
    $271,147.03 M
    Weighted Average Market Cap $271,147.03 M

    Yields as of Jan 14 2021

    Yields as of Jan 14 2021
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.
    1.43% 1.33% 1.56% 1.81%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 1.43%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 1.33%
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 1.56%
    Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

    		 1.81%

    Fund Market Price as of Jan 14 2021

    Fund Market Price as of Jan 14 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $116.86 $116.88 $117.26 $116.88 313 0.25% 0.14%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $116.86
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $116.88
    Day High $117.26
    Day Low $116.88
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 313
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.25%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.14%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 137
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 116
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 137
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 116
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Jan 14 2021

    Fund Net Cash Amount as of Jan 14 2021
    Net Cash Amount
    $137,937.10
    Net Cash Amount $137,937.10

    Fund Net Asset Value as of Jan 14 2021

    Fund Net Asset Value as of Jan 14 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $116.57 700,000.00 $81.60 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $116.57
    Shares Outstanding 700,000.00
    Assets Under Management $81.60 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Nov 25 2014
    Performance
    Month End Quarter End

    as of Dec 31 2020

    as of Dec 31 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 25 2014
    Fund Before Tax
    NAV Dec 31 2020 4.54% 14.72% 16.94% 16.94% 10.56% 12.47% - 9.45%
    Market Value Dec 31 2020 4.62% 14.62% 17.10% 17.10% 10.69% 12.49% - 9.46%
    MSCI ACWI Low Carbon Target Index Dec 31 2020 4.58% 14.70% 16.93% 16.93% 10.44% 12.30% - 9.27%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2020 4.16% 14.29% 16.12% 16.12% 9.86% 11.79% - 8.80%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2020 2.69% 8.71% 9.99% 9.99% 7.98% 9.74% - 7.33%
    MSCI ACWI Low Carbon Target Index Dec 31 2020 4.58% 14.70% 16.93% 16.93% 10.44% 12.30% - 9.27%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Nov 25 2014
    Fund Before Tax
    NAV Dec 31 2020 4.54% 14.72% 16.94% 16.94% 10.56% 12.47% - 9.45%
    Market Value Dec 31 2020 4.62% 14.62% 17.10% 17.10% 10.69% 12.49% - 9.46%
    MSCI ACWI Low Carbon Target Index Dec 31 2020 4.58% 14.70% 16.93% 16.93% 10.44% 12.30% - 9.27%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2020 4.16% 14.29% 16.12% 16.12% 9.86% 11.79% - 8.80%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2020 2.69% 8.71% 9.99% 9.99% 7.98% 9.74% - 7.33%
    MSCI ACWI Low Carbon Target Index Dec 31 2020 4.58% 14.70% 16.93% 16.93% 10.44% 12.30% - 9.27%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.30%

    Net Expense Ratio: 0.20%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Jan 14 2021

    Fund Top Holdings as of Jan 14 2021

    Name Shares Held Weight
    Apple Inc. 22,967 3.63%
    Microsoft Corporation 9,669 2.53%
    Amazon.com Inc. 574 2.20%
    Tesla Inc 1,027 1.07%
    Facebook Inc. Class A 3,242 0.98%
    Alphabet Inc. Class A 425 0.90%
    Taiwan Semiconductor Manufacturing Co. Ltd. 34,000 0.88%
    Alphabet Inc. Class C 405 0.87%
    Tencent Holdings Ltd. 7,984 0.80%
    Alibaba Group Holding Ltd. Sponsored ADR 2,566 0.77%
    Download All Holdings: Daily

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Jan 14 2021
    Index Sector Breakdownas of Dec 31 2020

    Fund Sector Breakdown as of Jan 14 2021

    Sector Weight
    Information Technology 21.47%
    Financials 14.90%
    Consumer Discretionary 13.02%
    Health Care 11.87%
    Industrials 10.45%
    Communication Services 9.23%
    Consumer Staples 7.50%
    Materials 4.12%
    Real Estate 2.68%
    Utilities 2.51%
    Energy 2.26%

    Index Sector Breakdown as of Dec 31 2020

    Sector Weight
    Information Technology 21.75%
    Financials 14.56%
    Consumer Discretionary 12.87%
    Health Care 12.03%
    Industrials 10.27%
    Communication Services 9.47%
    Consumer Staples 7.83%
    Materials 3.93%
    Real Estate 2.80%
    Utilities 2.51%
    Energy 1.98%

    Geographical Breakdown

    Geographical Breakdown
    Fund Documents
    Tax Documents
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR® MSCI ACWI Low Carbon Target ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.  The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

    MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

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    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
     

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    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

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