SPDR® MSCI USA Climate Paris Aligned ETF NZUS

Important Risk Disclosure

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.

A fund’s incorporation of ESG considerations in its investment process may cause it to make different investments than funds that do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause a fund’s investment performance to be worse than funds that do not incorporate such considerations. A fund’s incorporation of ESG considerations may affect its exposure to certain sectors and/or types of investments, and may adversely impact the fund’s performance depending on whether such sectors or investments are in or out of favor in the market.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Mid-sized companies may involve greater risks than in those of larger, better known companies, including increased volatility and periods of illiquidity.

Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations.

Non-diversified fund may invest in a relatively small number of issuers. The value of shares of non-diversified funds may be more volatile than the values of shares of more diversified funds.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

NAV

NAV

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

$21.20

as of Jun 30 2022

Base Currency

USD

Assets Under Management

$131.44 M

as of Jun 30 2022

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.

0.10%


Key Features

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

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 Jul 02 2022

Fund Information as of Jul 02 2022
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.

Base Currency Administrator Investment Manager
MSCI USA Climate Paris Aligned Index Apr 21 2022 No 0.10% USD State Street Global Advisors Funds Management Inc. SSGA Funds Management, Inc.
Benchmark MSCI USA Climate Paris Aligned Index
Inception Date Apr 21 2022
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.

0.10%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Global Equity Beta Solutions (GEBS) State Street Global Advisors Funds Distributors, LLC Quarterly
Management Team Global Equity Beta Solutions (GEBS)
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly

Listing Information as of Jul 02 2022

Listing Information as of Jul 02 2022
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NASDAQ REGULAR MARKET Apr 22 2022 USD NZUS 78468R473 US78468R4737
Exchange NASDAQ REGULAR MARKET
Listing Date Apr 22 2022
Trading Currency USD
Ticker NZUS
CUSIP 78468R473
ISIN US78468R4737

Fund Characteristics as of Jun 30 2022

Fund Characteristics as of Jun 30 2022
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
14.99% 297 4.33 20.22 $471,666.00 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.

14.99%
Number of Holdings 297
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.

4.33
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.

20.22
Weighted Average Market Cap $471,666.00 M

Index Characteristics as of May 31 2022

Index Characteristics as of May 31 2022
Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1 Return on Equity
14.95% 306 17.21 23.44 21.99 25.23%
Est. 3-5 Year EPS Growth 14.95%
Number of Holdings 306
Price/Cash Flow 17.21
Price/Earnings 23.44
Price/Earnings Ratio FY1 21.99
Return on Equity 25.23%

Index Statistics as of May 31 2022

Index Statistics as of May 31 2022

Average Size
Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$471,101.03 M - - - -
Weighted Average Market Cap $471,101.03 M
Average Size
Mean -
Median -
Size Range
Largest -
Smallest -

Yields as of Jun 30 2022

Yields as of Jun 30 2022
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.

Index Dividend Yield

Index Dividend Yield

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

1.34% - 1.39%
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.

1.34%
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.

-
Index Dividend Yield

Index Dividend Yield

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

1.39%

Fund Market Price as of Jun 30 2022

Fund Market Price as of Jun 30 2022
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.

$21.22 $21.17 $21.23 $21.17 599 0.07% 0.09%
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.

$21.22
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$21.17
Day High $21.23
Day Low $21.17
Exchange Volume (Shares)

Exchange Volume (shares)

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

599
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)

0.07%
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.

0.09%
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 2021 First Quarter of 2022 Second Quarter of 2022
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

- - 41
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

- - 7
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

Calendar Year 2021 -
First Quarter of 2022 -
Second Quarter of 2022 41
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

Calendar Year 2021 -
First Quarter of 2022 -
Second Quarter of 2022 7
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.

Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.

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 Jun 30 2022

Fund Net Cash Amount as of Jun 30 2022
Net Cash Amount
$75,857.79
Net Cash Amount $75,857.79

Fund Net Asset Value as of Jun 30 2022

Fund Net Asset Value as of Jun 30 2022
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
$21.20 6.20 M $131.44 M
NAV

NAV

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

$21.20
Shares Outstanding 6.20 M
Assets Under Management $131.44 M
Most Recent NAV / NAV History

Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Jun 30 2022
Index Top Holdingsas of May 31 2022

Fund Top Holdings as of Jun 30 2022

Name Shares Held Weight
Apple Inc. 72,875 7.67%
Microsoft Corporation 32,352 6.36%
Amazon.com Inc. 36,065 2.97%
Tesla Inc 5,062 2.62%
Honeywell International Inc. 16,577 2.17%
Alphabet Inc. Class C 1,001 1.70%
Cummins Inc. 10,575 1.55%
UnitedHealth Group Incorporated 3,732 1.45%
NVIDIA Corporation 11,972 1.41%
Digital Realty Trust Inc. 14,048 1.35%
Download All Holdings: Daily

Index Top Holdings as of May 31 2022

Name Weight
Apple Inc. 7.62%
Microsoft Corporation 6.18%
Amazon.com Inc. 3.05%
Tesla Inc 2.72%
Honeywell International Inc. 2.61%
Alphabet Inc. Class C 1.60%
NVIDIA Corporation 1.57%
Cummins Inc. 1.55%
Meta Platforms Inc. Class A 1.39%
Digital Realty Trust Inc. 1.38%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Jun 30 2022
Index Sector Breakdownas of May 31 2022

Fund Sector Breakdown as of Jun 30 2022

Sector Weight
Information Technology 32.40%
Health Care 15.56%
Industrials 11.12%
Consumer Discretionary 11.05%
Financials 10.62%
Real Estate 8.00%
Communication Services 6.57%
Materials 2.07%
Consumer Staples 1.77%
Utilities 0.83%

Index Sector Breakdown as of May 31 2022

Sector Weight
Information Technology 34.37%
Health Care 12.85%
Consumer Discretionary 11.38%
Financials 11.27%
Industrials 10.51%
Real Estate 8.38%
Communication Services 7.05%
Materials 2.00%
Consumer Staples 1.65%
Utilities 0.54%

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 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.

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).