EFAX

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

$50.07

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) seeks to track the performance of an index that provides exposure to large and mid-cap companies in developed international markets, excluding companies with significant fossil fuel reserves.

Overview

ETF tracking SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

Category International

Issuer State Street

Inception Date 2016-10-25

Market Cap $410.6M

Average Volume N/A

Dividend Yield 2.37%

52-Week Range $38.59 - $50.77

VWAP $50.09

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF seeks to replicate the performance of the MSCI EAFE ex Fossil Fuels Index, which is designed to measure the equity market performance of developed market countries, excluding the United States and Canada, while excluding companies with known fossil fuel reserves. The fund invests in a representative sample of the underlying index securities to seek to track the performance of the index.

✨ Key Features

Provides exposure to developed international equity markets, excluding companies with fossil fuel reserves
Seeks to track the MSCI EAFE ex Fossil Fuels Index, which aims to reduce exposure to carbon-intensive companies
Employs a passively managed, index-tracking strategy
Has a low expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The value of the ETF's holdings may decline due to general market conditions or other factors
International investing risk: Investing in non-U.S. securities may be subject to additional risks, such as currency fluctuations, political instability, and economic conditions in other countries
Tracking error risk: The ETF may not perfectly track the performance of its underlying index
Concentration risk: The ETF's performance may be more volatile due to its focus on the MSCI EAFE ex Fossil Fuels Index

👤 Best For

This ETF may be suitable for investors seeking exposure to developed international equity markets with a focus on reducing exposure to companies with significant fossil fuel reserves. It may be particularly appealing to investors with a preference for sustainable or environmentally-conscious investing. As with any investment, investors should carefully consider their investment objectives, risk tolerance, and time horizon before investing in this ETF.