SPDR® S&P 500 ETF Trust
Fund offered by:
SPDR State Street Global Advisors
Ticker: SPY
Deforestation grade: F
This grade is based on how much money the fund has invested in three key deforestation-driving sectors: commodity producers, banks and lenders, and major consumer brands.
See how we track deforestation-risk investments
F
18.59%
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
48
HOLDINGS FLAGGED
19%
OF ASSETS FLAGGED
This fund contains
 $51.55 BILLION 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
5 holdings
0.31% of assets
$847.37 MILLION invested
banks
Banks and lenders
4 holdings
2.34% of assets
$6.49 BILLION invested
consumers
Major consumer brands
43 holdings
16% of assets
$44.88 BILLION invested
Commodity producers
Commodity producers
5 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 F.
5 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Archer-Daniels Midland Co
    Soy producerPalm oil producer
    0.09%0.09% of portfolio
    $262.6M$262.6M invested
    Soy producerPalm oil producer
  • 2. International Paper Co
    Paper/pulp producer
    0.06%0.06% of portfolio
    $175.69M$175.69M invested
    Paper/pulp producer
  • 3. Tyson Foods Inc Class A
    Soy producerCattle producer
    0.06%0.06% of portfolio
    $172.42M$172.42M invested
    Soy producerCattle producer
  • 4. Hormel Foods Corp
    Soy producerCattle producer
    0.05%0.05% of portfolio
    $138.45M$138.45M invested
    Soy producerCattle producer
  • 5. WestRock Co A
    Paper/pulp producer
    0.04%0.04% of portfolio
    $98.22M$98.22M invested
    Paper/pulp producer
Banks and lenders
Banks and lenders
4 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).
4 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    1.1%1.1% of portfolio
    $3.06B$3.06B invested
  • 2. Bank of America Corp
    0.67%0.67% of portfolio
    $1.85B$1.85B invested
  • 3. Citigroup Inc
    0.32%0.32% of portfolio
    $882.33M$882.33M invested
  • 4. Morgan Stanley
    0.25%0.25% of portfolio
    $703.65M$703.65M invested
Major consumer brands
Major consumer brands
43 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).
43 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
    4.77%4.77% of portfolio
    $13.22B$13.22B 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
    1.33%1.33% of portfolio
    $3.69B$3.69B invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    1.26%1.26% of portfolio
    $3.49B$3.49B invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    1.06%1.06% of portfolio
    $2.94B$2.94B invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
  • 5. Walmart Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.71%0.71% of portfolio
    $1.97B$1.97B invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
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DATA AS OF 10/30/20
Financial performance
Performance data provided byMorningstarFind more financial data on SPY at Morningstar.com
Current fund
SPY
SPDR® S&P 500 ETF Trust
Family
SPDR State Street Global Advisors
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.05% less in annualized returns
More invested in commodity producers 
0% more invested
More invested in banks and lenders 
0.01% more invested
More invested in major consumer brands 
0.02% more invested
Current fund
SPY
SPDR® S&P 500 ETF Trust
Family
SPDR State Street Global Advisors
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.05% less in annualized returns
More invested in commodity producers 
0% more invested
More invested in banks and lenders 
0.01% more invested
More invested in major consumer brands 
0.02% more invested
Current fund
SPY
SPDR® S&P 500 ETF Trust
Family
SPDR State Street Global Advisors
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.05% less in annualized returns
More invested in commodity producers 
0% more invested
More invested in banks and lenders 
0.01% more invested
More invested in major consumer brands 
0.02% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
SPY - SPDR® S&P 500 ETF Trust
9.72%
10%
12%
13%
0.31% 
Benchmark
IVV - iShares Core S&P 500 ETF
9.68%
10%
12%
13%
0.3% 
Fund compared to benchmark
 
0.03%
-0.04%
-0.06%
-0.05%
0%  higher
Find more financial data on SPY at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
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