SPDR® MSCI USA Climate Paris Aligned ETF NZUS

NAV
$22.35
as of Nov 25 2022
Base Currency
USD
Assets Under Management
$91.21 M
as of Nov 25 2022
Gross Expense Ratio
0.10%

Key Features


  • NZUS seeks to provide investment results that, before fees and expenses, correspond generally to the MSCI USA 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

About this Benchmark


The MSCI USA Climate Paris Aligned Index is designed to exceed the minimum standards for a “Paris-Aligned Benchmark” under the EU BMR. A Paris-Aligned Benchmark is designed to align with a principal objective of the Paris Agreement (a binding international treaty agreement on climate change) to limit the increase in the global average temperature to well below 2 degrees Celsius (preferably 1.5 degrees Celsius) above pre-industrial levels. The initial universe from which the Index selects constituents is the MSCI USA Index, which measures the performance of the large- and mid-capitalization segments of the U.S. equity market.


Fund Information as of Nov 28 2022

Benchmark MSCI USA Climate Paris Aligned Index
Inception Date Apr 21 2022
Options Available No
Gross Expense Ratio
0.10%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions (GEBS)
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of Nov 28 2022

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NASDAQ REGULAR MARKET Apr 22 2022 USD NZUS 78468R473 US78468R4737

Fund Characteristics as of Nov 25 2022

Est. 3-5 Year EPS Growth
13.49%
Number of Holdings 292
Price/Book Ratio
4.46
Price/Earnings Ratio FY1
21.32
Weighted Average Market Cap $457,997.00 M

Index Characteristics as of Oct 31 2022

Est. 3-5 Year EPS Growth 14.84%
Number of Holdings 294
Price/Cash Flow 15.70
Price/Earnings 22.03
Price/Earnings Ratio FY1 20.49

Index Statistics as of Oct 31 2022

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$449,001.00 M - - - -

Yields as of Nov 25 2022

30 Day SEC Yield
1.31%
30 Day SEC Yield (Unsubsidized)
-
Index Dividend Yield
1.54%

Fund Market Price as of Nov 25 2022

Bid/Ask
$22.36
Closing Price
$22.36
Day High $22.36
Day Low $22.36
Exchange Volume (Shares)
3
Premium/Discount
0.02%
30-Day Median Bid/Ask Spread
0.09%

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
- - 41 59
Days Traded at Discount
- - 7 5

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 Nov 25 2022

Net Cash Amount $98,806.84

Fund Net Asset Value as of Nov 25 2022

NAV
$22.35
Shares Outstanding 4.08 M
Assets Under Management $91.21 M

Fund Performance

  • Fund Inception Date: Apr 21 2022

as of Oct 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 21 2022
Fund Before Tax
NAV Oct 31 2022 7.01% 7.01% - - - - - -11.98%
Market Value Oct 31 2022 7.03% 7.03% - - - - - -13.32%
MSCI USA Climate Paris Aligned Index Oct 31 2022 7.04% 7.04% -22.38% -20.57% - - - -11.95%
Fund After Tax
Return after Taxes on Distributions Oct 31 2022 7.01% 7.01% - - - - - -12.18%
Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 4.15% 4.15% - - - - - -7.09%
MSCI USA Climate Paris Aligned Index Oct 31 2022 7.04% 7.04% -22.38% -20.57% - - - -11.95%

as of Sep 30 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 21 2022
Fund Before Tax
NAV Sep 30 2022 -9.43% -4.72% - - - - - -17.74%
Market Value Sep 30 2022 -9.39% -4.73% - - - - - -19.02%
MSCI USA Climate Paris Aligned Index Sep 30 2022 -9.44% -4.72% -27.49% -19.84% - - - -17.74%
Fund After Tax
Return after Taxes on Distributions Sep 30 2022 -9.57% -4.86% - - - - - -17.93%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -5.57% -2.79% - - - - - -10.49%
MSCI USA Climate Paris Aligned Index Sep 30 2022 -9.44% -4.72% -27.49% -19.84% - - - -17.74%

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.

Gross Expense Ratio: 0.10%


Top Holdings

as of Nov 25 2022
as of Oct 31 2022

Fund Top Holdings as of Nov 25 2022

Name Shares Held Weight
Apple Inc. 48,379 7.86%
Microsoft Corporation 21,478 5.83%
Honeywell International Inc. 10,995 2.66%
Amazon.com Inc. 23,922 2.45%
Tesla Inc 10,086 2.02%
Cummins Inc. 7,019 1.93%
Prologis Inc. 12,547 1.60%
UnitedHealth Group Incorporated 2,473 1.46%
Alphabet Inc. Class C 13,286 1.42%
NVIDIA Corporation 7,948 1.42%
Download All Holdings: Daily

Index Top Holdings as of Oct 31 2022

Name Weight
Apple Inc. 8.43%
Microsoft Corporation 5.66%
Amazon.com Inc. 2.79%
Tesla Inc 2.61%
Honeywell International Inc. 2.55%
Cummins Inc. 1.95%
Prologis Inc. 1.58%
UnitedHealth Group Incorporated 1.56%
Alphabet Inc. Class C 1.43%
Visa Inc. Class A 1.35%

Sector Allocation

as of Nov 25 2022
as of Oct 31 2022

Fund Sector Breakdown as of Nov 25 2022

Sector Weight
Information Technology 32.13%
Health Care 15.65%
Industrials 12.93%
Financials 11.24%
Consumer Discretionary 10.81%
Real Estate 7.09%
Communication Services 5.51%
Materials 2.13%
Consumer Staples 1.70%
Utilities 0.81%

Index Sector Breakdown as of Oct 31 2022

Sector Weight
Information Technology 32.12%
Health Care 15.72%
Industrials 12.64%
Consumer Discretionary 11.46%
Financials 10.91%
Real Estate 6.93%
Communication Services 5.66%
Materials 2.11%
Consumer Staples 1.68%
Utilities 0.78%

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 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.

Unless otherwise noted all information contained herein is that of the SPDR® MSCI USA Climate Paris Aligned ETF.

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.

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.

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).