SP Funds S&P World ETF

Shareclass

SP Funds S&P World ETF (SPWO)

Type

Exchange-traded fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments

7.54%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

7.54%

of assets flagged

This fund contains

$3.89 MILLION invested

in holdings flagged for deforestation risk

Take action

Commodity producers

9 holdings

0.48% of assets

$247,965 invested

Banks and lenders

0 holdings

0% of assets

$0 invested

Major consumer brands

28 holdings

7.21% of assets

$3.72 MILLION invested

Commodity producers

9 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

9 HOLDINGS

% of portfolio
$ invested
1. UPM-Kymmene Oyj ADR
0.1%0.1% of portfolio
$51,032$51,032 invested
2. SD Guthrie Bhd
0.07%0.07% of portfolio
$36,863$36,863 invested
3. Associated British Foods PLC ADR
0.06%0.06% of portfolio
$30,076$30,076 invested
4. Samsung C&T Corp
0.06%0.06% of portfolio
$28,989$28,989 invested
5. IOI Corp Bhd
0.05%0.05% of portfolio
$24,927$24,927 invested

View next 4

Banks and lenders

0 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

Major consumer brands

28 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

28 HOLDINGS

% of portfolio
$ invested
1. Nestle SA ADR
1.85%1.85% of portfolio
$953,371$953,371 invested
2. Unilever PLC ADR
1.05%1.05% of portfolio
$543,470$543,470 invested
3. RELX PLC ADR
0.67%0.67% of portfolio
$346,706$346,706 invested
4. L'Oreal SA ADR
0.65%0.65% of portfolio
$335,639$335,639 invested
5. Fast Retailing Co Ltd ADR
0.46%0.46% of portfolio
$238,686$238,686 invested

View next 5

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DATA AS OF 30 May 2025

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Sustainability report card

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SP Funds S&P World ETF SPWO

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on SPWO at Morningstar.com

Current fund

SPWO

SP Funds S&P World ETF

Family

SP Funds

Category

Foreign Large Growth

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-4.67% less in annualized returns

Less invested in commodity producers

0.71% less invested

Less invested in banks and lenders

5.87% less invested

More invested in major consumer brands

0.05% more invested

Current fund

SPWO

SP Funds S&P World ETF

Family

SP Funds

Category

Foreign Large Growth

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-4.67% less in annualized returns

Less invested in commodity producers

0.71% less invested

Less invested in banks and lenders

5.87% less invested

More invested in major consumer brands

0.05% more invested

Current fund

SPWO

SP Funds S&P World ETF

Family

SP Funds

Category

Foreign Large Growth

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-4.67% less in annualized returns

Less invested in commodity producers

0.71% less invested

Less invested in banks and lenders

5.87% less invested

More invested in major consumer brands

0.05% more invested

Month-end trailing returns

Performance as of date: 5/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
SPWO - SP Funds S&P World ETF

8.46%

0.48%

Benchmark

13%

9.32%

10%

5.36%

1.19%

Fund compared to benchmark

-4.67%

0.71% lower

Find more financial data on SPWO at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

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