SPYXSPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX Fund Description
The SPDR S&P 500 Fossil Fuel Reserves Free ETF follows an S&P 500- based index excluding companies with known fossil fuel reserves
SPYX Factset Analytics Insight
Launched in December 2015, SPYX follows a subset of the S&P 500 index, divesting itself of certain energy-related firms. Companies owning fossil fuel reserves—defined here as crude oil, natural gas and coal—are removed from the S&P 500, and the resulting market- cap weighted roster forms the S&P 500 Fossil Fuel Free Index. Excluding individual sectors or industries from the S&P 500 isn’t new: SPYX launched only a few months after a competitor with a similar strategy—SPXE. SPYX offers a more targeted exclusion (fossil fuel holders) while SPXE simply avoids the entire energy sector. As expected SPYX has some sector tilts due to its “Fossil Free” stance, however the coverage still provides solid US large- caps and slight mid- caps exposure.
SPYX MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 24, 2018 the SPDR S&P 500 Fossil Fuel Reserves Free ETF MSCI ESG Fund Quality Score is 5.32 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPYX ranks in the 74th percentile within its peer group and in the 46th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SPYX CHARTS AND PERFORMANCE
SPYX Top 10 Countries
SPYX Top 10 Sectors
SPYX Top 10 Holdings [View All]
SPYX Portfolio Management
SPYX Tax Exposures
SPYX Fund Structure
SPYX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPYX. SPYX is rated a 5 out of 5.
SPYX Sector/Industry Breakdown
SPYX TOP 10 HOLDINGS[View All]
SPYX Economic Development
SPYX Performance Statistics
SPYX MSCI ESG Ratings
SPYX BENCHMARK COMPARISON SUMMARY
SPYX BENCHMARK COMPARISON MARKET CAP SIZE