EFAX
SPDR MSCI EAFE Fossil Fuel Reserves Free ETFEFAX Fund Description
EFAX tracks a subset of the MSCI EAFE Index that excludes companies that own fossil fuel reserves.
EFAX Factset Analytics Insight
EFAX holds a subset of the MSCI EAFE Index, divesting itself of companies that own fossil fuel reserves. Fossil fuel reserves are defined as coal, oil, or natural gas reserves for energy purposes. Companies that hold these reserves are removed from the MSCI EAFE Index, and the remaining companies are given market cap weighting to form the MSCI EAFE ex Fossil Fuels Index. The parent index invests in large- and midcap companies in developed nations, outside the US and Canada. Expect minor sector tilts due to the removal of companies that rely on fossil fuels.
EFAX MSCI ESG Analytics Insight
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has an MSCI ESG Fund Rating of AA based on a score of 8.11 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF ranks in the 88th percentile within its peer group and in the 70th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EFAX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
EFAX Summary Data
EFAX Portfolio Data
EFAX Index Data
EFAX Portfolio Management
EFAX Tax Exposures
EFAX Fund Structure
EFAX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EFAX. EFAX is rated a 4 out of 5.
EFAX Tradability
EFAX Top 10 Holdings[View All]
EFAX Countries
EFAX
EFAX Regions
EFAX
EFAX Economic Development
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EFAX Performance Statistics
EFAX MSCI ESG Ratings
EFAX Benchmark Comparison Summary
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EFAX Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.