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SPDR MSCI ACWI Low Carbon Target ETFImportant Risk Information
Gross Expense Ratio: 0.30%*^
Net Expense Ratio: 0.20%
- Seeks to offer reduced exposure to carbon emissions and fossil fuel reserves and full market participation for investors conscious of carbon as a risk premia
- Seeks to track the MSCI ACWI Low Carbon Target Index (The Index), which maintains allocations to core global equity—while decreasing exposure to carbon emitters and “stranded assets”: fossil fuel reserves that could possibly lose value as the world transitions to more renewable sources of energy
- LOWC’s Index reweights the securities in the MSCI ACWI Index to favor companies with lower carbon emissions and fossil fuel reserves within a tracking error target constraint of 30 basis points relative to the MSCI ACWI Index**—while adhering to similar sector and country reserves, expressed as potential emissions, within allocations relative to the MSCI ACWI Index
Research, commentary and information available for this fund:
- Constructing Environmentally Conscious Investment Portfolios
- Meeting the Increasing Demand of Low Carbon Investing
- LOWC Factsheet
- SPDR Family of ETFs
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*The gross expense ratio is the fund's total annual operating expenses ratio. It is gross of any fee waivers and/or expense reimbursements. It can be found in the fund's most recent prospectus.
**The above targets are estimates based on certain assumptions and analysis made by SSGA. There is no guarantee that the estimates will be achieved.
^The Adviser has contractually agreed to waive its advisory fee and reimburse certain expenses until January 31, 2017, so that the Net annual Fund operating expenses of the Fund will be limited to 0.20% of the Fund's average daily net assets before application of any fees and expenses not paid by the Adviser under the Investment Advisory Agreement. Such fees and expenses paid by the Adviser are limited to certain direct operating expenses of the Fund and, therefore, do not include the Fund's acquired fund fees and expenses, if any. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver from year to year, but there is no guarantee that the Adviser will do so and after January 31, 2017, the waiver may be canceled or modified at any time.