Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures. Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file. 


SPDR® MSCI ACWI Climate Paris Aligned ETF NZAC

NAV
$27.59
as of Dec 01 2022
Base Currency
USD
Assets Under Management
$234.51 M
as of Dec 01 2022
Gross Expense Ratio
0.12%

Key Features


  • The SPDR® MSCI ACWI Climate Paris Aligned ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Climate Paris Aligned Index (the “Index”)
  • Seeks to track an index designed to reduce exposure to the physical and transition risks of climate change and increase target exposure to sustainable investment opportunities by incorporating the recommendations of the Taskforce on Climate Related Financial Disclosures (TCFD) and minimum requirements of the EU Paris Aligned Benchmark
  • May be considered by investors seeking to implement net-zero strategies and address climate change in a holistic way
  • The Index includes large and mid-cap stocks across developed and emerging market countries

About this Benchmark


The MSCI ACWI Climate Paris Aligned Index is based on the MSCI ACWI Index, its parent index, and includes large and midcap securities across 23 Developed Markets (DM) and 27 Emerging Markets (EM) countries. The index is designed to support investors seeking to reduce their exposure to transition and physical climate risks and who wish to pursue opportunities arising from the transition to a lower-carbon economy while aligning with the Paris Agreement requirements. The index incorporates the TCFD recommendations and are designed to exceed the minimum standards of the EU Paris-Aligned Benchmark. 


Fund Information as of Dec 04 2022

Benchmark MSCI ACWI Climate Paris Aligned Index
Inception Date Nov 25 2014
Options Available No
Gross Expense Ratio
0.12%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Semi-Annually

Listing Information as of Dec 04 2022

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NASDAQ REGULAR MARKET Apr 22 2022 USD NZAC 78463X194 US78463X1946

Fund Characteristics as of Dec 01 2022

Est. 3-5 Year EPS Growth
11.95%
Number of Holdings 972
Price/Book Ratio
2.89
Price/Earnings Ratio FY1
17.85
Weighted Average Market Cap $306,752.00 M

Index Characteristics as of Oct 31 2022

Est. 3-5 Year EPS Growth 13.21%
Number of Holdings 913
Price/Cash Flow 11.92
Price/Earnings 17.55
Price/Earnings Ratio FY1 16.91

Index Statistics as of Oct 31 2022

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$296,269.03 M - - - -

Yields as of Dec 01 2022

30 Day SEC Yield
1.70%
30 Day SEC Yield (Unsubsidized)
1.70%
Fund Distribution Yield
6.15%
Index Dividend Yield
1.95%

Fund Market Price as of Dec 01 2022

Bid/Ask
$27.58
Closing Price
$27.52
Day High $27.71
Day Low $27.51
Exchange Volume (Shares)
3,972
Premium/Discount
-0.04%
30-Day Median Bid/Ask Spread
0.19%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2021 First Quarter of 2022 Second Quarter of 2022 Third Quarter of 2022
Days Traded at Premium
213 40 27 28
Days Traded at Discount
39 22 35 36

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 Dec 01 2022

Net Cash Amount -$498,313.42

Fund Net Asset Value as of Dec 01 2022

NAV
$27.59
Shares Outstanding 8.50 M
Assets Under Management $234.51 M

Fund Performance

  • Fund Inception Date: Nov 25 2014

as of Oct 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 25 2014
Fund Before Tax
NAV Oct 31 2022 5.78% 5.78% -22.05% -20.88% 4.58% 5.23% - 6.11%
Market Value Oct 31 2022 5.87% 5.87% -22.16% -21.10% 4.59% 5.09% - 6.09%
MSCI ACWI Climate Paris Aligned Index Oct 31 2022 5.79% 5.79% -22.15% -20.95% 4.53% 5.12% - 5.95%
Fund After Tax
Return after Taxes on Distributions Oct 31 2022 5.78% 5.78% -22.34% -21.36% 4.04% 4.66% - 5.55%
Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 3.42% 3.42% -13.03% -12.18% 3.46% 3.97% - 4.73%
MSCI ACWI Climate Paris Aligned Index Oct 31 2022 5.79% 5.79% -22.15% -20.95% 4.53% 5.12% - 5.95%

as of Sep 30 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 25 2014
Fund Before Tax
NAV Sep 30 2022 -9.51% -7.11% -26.31% -21.38% 3.61% 4.46% - 5.42%
Market Value Sep 30 2022 -9.40% -7.51% -26.48% -21.50% 3.50% 4.35% - 5.39%
MSCI ACWI Climate Paris Aligned Index Sep 30 2022 -9.56% -7.17% -26.41% -21.46% 3.55% 4.35% - 5.26%
Fund After Tax
Return after Taxes on Distributions Sep 30 2022 -9.51% -7.11% -26.58% -21.86% 3.07% 3.89% - 4.86%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -5.63% -4.21% -15.55% -12.44% 2.72% 3.38% - 4.18%
MSCI ACWI Climate Paris Aligned Index Sep 30 2022 -9.56% -7.17% -26.41% -21.46% 3.55% 4.35% - 5.26%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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.

The MSCI ACWI Climate Paris Aligned Index reflects linked performance returns of both the MSCI ACWI Climate Paris Aligned Index and the MSCI ACWI Low Carbon Target Index. The index returns are reflective of the MSCI ACWI Low Carbon Target Index from fund inception until 4/22/2022 and of the MSCI ACWI Climate Paris Aligned Index effective 4/22/2022.

Gross Expense Ratio: 0.12%


Top Holdings

as of Dec 01 2022
as of Oct 31 2022

Fund Top Holdings as of Dec 01 2022

Name Shares Held Weight
Apple Inc. 66,667 4.22%
Microsoft Corporation 30,486 3.31%
Amazon.com Inc. 35,637 1.45%
Alphabet Inc. Class C 29,270 1.27%
Tesla Inc 11,415 0.95%
UnitedHealth Group Incorporated 4,009 0.92%
Johnson & Johnson 11,316 0.86%
NVIDIA Corporation 10,936 0.80%
Alphabet Inc. Class A 18,500 0.80%
JPMorgan Chase & Co. 13,702 0.80%
Download All Holdings: Daily

Index Top Holdings as of Oct 31 2022

Name Weight
Apple Inc. 5.08%
Microsoft Corporation 3.33%
Amazon.com Inc. 1.70%
Alphabet Inc. Class C 1.29%
Tesla Inc 1.21%
UnitedHealth Group Incorporated 1.03%
JPMorgan Chase & Co. 0.92%
Johnson & Johnson 0.91%
Schneider Electric SE 0.91%
Alphabet Inc. Class A 0.81%

Sector Allocation

as of Dec 01 2022
as of Oct 31 2022

Fund Sector Breakdown as of Dec 01 2022

Sector Weight
Information Technology 24.44%
Financials 16.68%
Health Care 13.97%
Industrials 13.02%
Consumer Discretionary 10.14%
Communication Services 5.84%
Consumer Staples 4.45%
Real Estate 4.42%
Utilities 3.48%
Materials 3.40%
Energy 0.15%

Index Sector Breakdown as of Oct 31 2022

Sector Weight
Information Technology 25.42%
Financials 16.82%
Health Care 14.26%
Industrials 13.46%
Consumer Discretionary 10.18%
Communication Services 5.72%
Real Estate 4.21%
Consumer Staples 4.09%
Materials 2.89%
Utilities 2.88%
Energy 0.06%

Geographical Breakdown


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.


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 Climate Paris Aligned 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 MSCI ACWI Climate Paris Aligned Index reflects linked performance returns of both the MSCI ACWI Climate Paris Aligned Index and the MSCI ACWI Low Carbon Target Index. The index returns are reflective of the MSCI ACWI Low Carbon Target Index from fund inception until 4/22/2022 and of the MSCI ACWI Climate Paris Aligned Index effective 4/22/2022.

Prior to 4/22/2022, the SPDR® MSCI ACWI Climate Paris Aligned ETF was known as the SPDR® MSCI ACWI Low Carbon Target ETF.

Prior to 4/22/2022, the SPDR® MSCI ACWI Low Carbon Target ETF was listed on the NYSE ARCA Exchange.

Prior to 4/22/2022, the ticker for NZAC was LOWC.

Prior to 4/22/2022, the MSCI ACWI Climate Paris Aligned Index was known as the MSCI ACWI Low Carbon Target Index.

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.

Net zero means that the total greenhouse gas (GHG) emissions being emitted should be lower than or equal to the total GHG emissions being removed or absorbed (ie, no positive emissions). On a net basis, no additional emissions should be released into the Earth’s atmosphere.

Net zero strategies Investment strategies that seek to align investments with a net-zero goal by a particular point in time (e.g., 2050).