What is NZAC?

NZAC tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
NZAC 5.91% 14.07% 5.62% -12.29% 4.28% 5.07% --
NZAC (NAV) 5.60% 13.44% 5.25% -12.62% 4.24% 5.04% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

NZAC Factset Analytics Insight

NZAC takes a climate approach to investing in the global large- and mid-cap space. The index initially screens out stocks from the MSCI ACWI Index, that are involved in controversial weapons, tobacco, thermal coal mining, oil and gas, and power generation, as well as severe ESG controversies and environmental issues. The portfolio selection and weighting utilize an optimization process that minimizes exposure to physical and transition risks of climate change while providing exposure to sustainable opportunities. Optimization constraints include greenhouse gas intensity reduction, low carbon transition score, climate value-at-risk, green revenue, and fossil fuels-based revenue. The index also uses an optimizer to maintain the sector weighting in the parent index. The fund uses a sampling strategy to track its index, which is rebalanced semi-annually. Before April 22, 2022, NZAC traded as SPDR MSCI ACWI Low Carbon Target ETF (LOWC) and tracked the MSCI ACWI Low Carbon Target Index.

NZAC Summary Data

11/25/14
0.12%
$237.53M
MSCI ACWI Climate Paris Aligned Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
$0.00B 90 Days

NZAC Portfolio Data

$315.65B
19.81
3.13
0.78%
N/A
926

NZAC Index Data

MSCI ACWI Climate Paris Aligned Index
Tiered
Principles-based
N/A

NZAC Portfolio Management

0.12%
0.02%
0.08%
-0.18%

NZAC Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

NZAC Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

This measurement shows how easy it is to trade a $1 million USD block of NZAC. NZAC is rated a 4 out of 5.

NZAC Tradability

8,254
$220.76K
3,793
$99.13K
0.25%
$0.07
-0.07%
0.76% / -1.33%
None
70.39%
100,000
0.04
0.04%
0.01%
0
$27.62
4

NZAC Sector/Industry Breakdown

NZAC Segment
Benchmark
20.84% --
15.38% --
12.77% --
11.31% --
7.25% --
6.06% --
4.49% --
3.06% --
2.77% --
2.35% --

NZAC Performance Statistics

--
--
--
--
--
N/A

NZAC Countries

NZAC Segment
Benchmark
59.81% --
5.21% --
4.87% --
3.57% --
3.41% --
3.18% --
2.36% --
1.29% --
1.27% --
1.16% --

NZAC Regions

NZAC Segment
Benchmark
64.68% --
16.54% --
15.14% --
2.25% --
1.07% --

NZAC Economic Development

NZAC Segment
Benchmark
92.21% --
7.47% --

NZAC Benchmark Comparison Holdings

926
--
--
--

NZAC Benchmark Comparison Summary

NZAC Segment
Benchmark
926 --
$315.65B --
19.81 --
3.13 --
1.80% --
Low --

NZAC Benchmark Comparison Market Cap Size

NZAC Segment
Benchmark
85.75% --
13.18% --
0.09% --
0.00% --