SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF EFAX

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.

$72.52

as of Feb 13 2020

Base Currency

USD

Assets Under Management

$108.78 M

as of Feb 13 2020

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%


Key Features

Key Features

  • The SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index (the "Index")
  • First ever international developed markets fossil fuel reserves free ETF
  • Seeks to offer climate-conscious investors exposure to international equities while limiting exposure to companies owning fossil fuel reserves
  • For investors interested in minimizing fossil fuel reserves exposure from their portfolio, EFAX may serve as an alternative to traditional international developed markets exposure

About this Benchmark

About this Benchmark

The MSCI EAFE ex Fossil Fuels Index (the "Index") is designed to measure the performance of companies in the MSCI EAFE Index that are "fossil fuel reserves free," which are defined as companies that do not own fossil fuel reserves. For purposes of the composition of the Index, fossil fuel reserves are defined as proved and probable coal, oil or natural gas reserves 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.


Fund Information as of Feb 13 2020

Fund Information as of Feb 13 2020
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 "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 and/or reimbursement 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. This 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 EAFE ex Fossil Fuels Index Oct 24 2016 No 0.30% 0.20% USD SSGA Funds Management, Inc.
Benchmark MSCI EAFE ex Fossil Fuels Index
Inception Date Oct 24 2016
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 "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 and/or reimbursement 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. This 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 Feb 13 2020

Listing Information as of Feb 13 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 25 2016 USD EFAX 78470E106 US78470E1064
Exchange NYSE ARCA EXCHANGE
Listing Date Oct 25 2016
Trading Currency USD
Ticker EFAX
CUSIP 78470E106
ISIN US78470E1064

Fund Characteristics as of Feb 13 2020

Fund Characteristics as of Feb 13 2020
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
8.51% 870 1.75 16.04 $64,050.20 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.

8.51%
Number of Holdings 870
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.

1.75
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.

16.04
Weighted Average Market Cap $64,050.20 M

Index Characteristics as of Jan 31 2020

Index Characteristics as of Jan 31 2020
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
8.50% 862 8.76 16.36 15.62
Est. 3-5 Year EPS Growth 8.50%
Number of Holdings 862
Price/Cash Flow 8.76
Price/Earnings 16.36
Price/Earnings Ratio FY1 15.62

Index Statistics as of Jan 31 2020

Index Statistics as of Jan 31 2020

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$54,321.19 M - - - -
Weighted Average Market Cap $54,321.19 M
Average Size
Mean -
Median -
Size Range
Largest -
Smallest -

Yields as of Feb 13 2020

Yields as of Feb 13 2020
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.

2.45% 2.35% 2.70% 3.02%
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.

2.45%
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.

2.35%
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.

2.70%
Index Dividend Yield

Index Dividend Yield

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

3.02%

Fund Market Price as of Feb 13 2020

Fund Market Price as of Feb 13 2020
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 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)

$72.74 $72.56 $72.76 $72.54 1,743 0.30%
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 a given security.

$72.74
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$72.56
Day High $72.76
Day Low $72.54
Exchange Volume (Shares)

Exchange Volume (shares)

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

1,743
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)

0.30%
Fund Data

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

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 Feb 13 2020

Fund Net Cash Amount as of Feb 13 2020
Net Cash Amount
$321,280.08
Net Cash Amount $321,280.08

Fund Net Asset Value as of Feb 13 2020

Fund Net Asset Value as of Feb 13 2020
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
$72.52 1.50M $108.78 M
NAV

NAV

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

$72.52
Shares Outstanding 1.50M
Assets Under Management $108.78 M
Most Recent NAV / NAV History

Fund Performance
View as

Fund Performance

  • Fund Inception Date: Oct 24 2016
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 24 2016
Fund Before Tax
NAV Jan 31 2020 -1.84% -1.84% -1.84% 13.36% 7.71% - - 8.21%
Market Value Jan 31 2020 -2.45% -2.45% -2.45% 13.23% 7.46% - - 8.12%
MSCI EAFE ex Fossil Fuels Index Jan 31 2020 -1.83% -1.83% -1.83% 13.44% 7.74% - - 8.16%
Fund After Tax
Return after Taxes on Distributions Jan 31 2020 -1.84% -1.84% -1.84% 12.57% 6.97% - - 7.51%
Return after Taxes on Distributions and Sale of Fund Shares Jan 31 2020 -1.09% -1.09% -1.09% 8.39% 5.92% - - 6.33%
MSCI EAFE ex Fossil Fuels Index Jan 31 2020 -1.83% -1.83% -1.83% 13.44% 7.74% - - 8.16%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Oct 24 2016
Fund Before Tax
NAV Dec 31 2019 3.19% 8.38% 22.86% 22.86% 9.46% - - 9.07%
Market Value Dec 31 2019 3.02% 8.23% 23.56% 23.56% 9.68% - - 9.20%
MSCI EAFE ex Fossil Fuels Index Dec 31 2019 3.20% 8.45% 22.97% 22.97% 9.47% - - 9.02%
Fund After Tax
Return after Taxes on Distributions Dec 31 2019 3.01% 8.19% 22.00% 22.00% 8.71% - - 8.34%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 2.12% 5.21% 14.03% 14.03% 7.29% - - 6.99%
MSCI EAFE ex Fossil Fuels Index Dec 31 2019 3.20% 8.45% 22.97% 22.97% 9.47% - - 9.02%

as of Jan 31 2020

as of Dec 31 2019

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.

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 Feb 13 2020
Index Top Holdingsas of Jan 31 2020

Fund Top Holdings as of Feb 13 2020

Name Shares Held Weight
Nestle S.A. 23,765 2.34%
Roche Holding AG 5,609 1.82%
Novartis AG 17,148 1.55%
Toyota Motor Corp. 18,200 1.18%
HSBC Holdings Plc 161,085 1.14%
ASML Holding NV 3,415 1.00%
SAP SE 7,838 0.99%
AstraZeneca PLC 10,528 0.96%
LVMH Moet Hennessy Louis Vuitton SE 2,232 0.94%
AIA Group Limited 96,400 0.92%
Download All Holdings: Daily

Index Top Holdings as of Jan 31 2020

Name Weight
Nestle S.A. 2.48%
Roche Holding AG 1.78%
Novartis AG 1.53%
Toyota Motor Corp. 1.22%
HSBC Holdings Plc 1.11%
AstraZeneca PLC 0.97%
SAP SE 0.97%
LVMH Moet Hennessy Louis Vuitton SE 0.92%
AIA Group Limited 0.91%
ASML Holding NV 0.90%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Feb 13 2020
Index Sector Breakdownas of Jan 31 2020

Fund Sector Breakdown as of Feb 13 2020

Sector Weight
Financials 20.46%
Industrials 14.91%
Health Care 13.84%
Consumer Discretionary 12.29%
Consumer Staples 12.19%
Information Technology 8.16%
Materials 6.05%
Communication Services 5.68%
Real Estate 3.86%
Utilities 2.29%
Energy 0.27%

Index Sector Breakdown as of Jan 31 2020

Sector Weight
Financials 20.04%
Industrials 15.19%
Health Care 13.78%
Consumer Staples 12.56%
Consumer Discretionary 12.39%
Information Technology 7.77%
Materials 6.09%
Communication Services 5.70%
Real Estate 3.90%
Utilities 2.32%
Energy 0.26%

Geographical Breakdown

Geographical Breakdown

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 EAFE Fossil Fuel Reserves Free 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.