SPDR® MSCI ACWI Climate Paris Aligned ETF

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SPDR® MSCI ACWI Climate Paris AlignedETF (NZAC)
Type
Exchange-traded fund
Sustainability mandate
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
C
8.84%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
49
holdings flagged
8.84%
of assets flagged
This fund contains
 $22.4 MILLION invested 
in holdings flagged for deforestation risk
Unlike many large investors, State Street actually has a number of fossil free funds - which shows that State Street understands the existential threat of climate change. Yet, even in its fossil-free funds, and across its portfolios, State Street still has huge investments in companies like JBS, Sime Darby, Posco and Mitsubishi that grow and trade palm oil, cattle, and rubber, and others like Tesco and Carrefour that use these commodities in their products but have failed to eliminate deforestation from their operations. This means State Street has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell State Street to improve its climate game by adopting a No Deforestation Policy!
Sign the petition
producers
Commodity producers
1 holdings
0.07% of assets
$182,810 invested
banks
Banks and lenders
10 holdings
2% of assets
$5.07 MILLION invested
consumers
Major consumer brands
38 holdings
6.77% of assets
$17.15 MILLION invested
Commodity producers
Commodity producers
1 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%.
1 HOLDINGS
  • % of portfolio
    $ invested
  • 1. ZTE Corp Class H
    Palm oil producer
    0.07%0.07% of portfolio
    $182,810$182,810 invested
    Palm oil producer
Banks and lenders
Banks and lenders
10 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).
10 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.83%0.83% of portfolio
    $2.1M$2.1M invested
  • 2. Bank of America Corp
    0.43%0.43% of portfolio
    $1.09M$1.09M invested
  • 3. Morgan Stanley
    0.21%0.21% of portfolio
    $543,958$543,958 invested
  • 4. Commonwealth Bank of Australia
    0.16%0.16% of portfolio
    $394,985$394,985 invested
  • 5. ANZ Group Holdings Ltd
    0.13%0.13% of portfolio
    $330,462$330,462 invested
View next 5
Major consumer brands
Major consumer brands
38 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).
38 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.82%1.82% of portfolio
    $4.61M$4.61M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Johnson & Johnson
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.85%0.85% of portfolio
    $2.16M$2.16M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    0.56%0.56% of portfolio
    $1.43M$1.43M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
  • 4. McDonald's Corp
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.42%0.42% of portfolio
    $1.08M$1.08M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. LVMH Moet Hennessy Louis Vuitton SE
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.37%0.37% of portfolio
    $938,813$938,813 invested
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 31 Jul 2023
Financial performance
Performance data provided byMorningstarFind more financial data on NZAC at Morningstar.com
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.07% less in annualized returns
Less invested in commodity producers 
0.7% less invested
Less invested in banks and lenders 
1.12% less invested
Less invested in major consumer brands 
4.02% less invested
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.07% less in annualized returns
Less invested in commodity producers 
0.7% less invested
Less invested in banks and lenders 
1.12% less invested
Less invested in major consumer brands 
4.02% less invested
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 7/31/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.07% less in annualized returns
Less invested in commodity producers 
0.7% less invested
Less invested in banks and lenders 
1.12% less invested
Less invested in major consumer brands 
4.02% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
NZAC - SPDR® MSCI ACWI Climate Paris Aligned ETF
11%
9.88%
8.23%
/
0.07% 
Benchmark
ACWI - iShares MSCI ACWI ETF
13%
10%
8.3%
8.82%
0.77% 
Fund compared to benchmark
 
-1.36%
-0.55%
-0.07%
/
0.7%  lower
Find more financial data on NZAC at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco