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About SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
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Inception date
Oct 24, 2016
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
EFAX holds a subset of the MSCI EAFE Index, divesting itself of companies that own fossil fuel reserves. Fossil fuel reserves are defined as coal, oil, or natural gas reserves for energy purposes. Companies that hold these reserves are removed from the MSCI EAFE Index, and the remaining companies are given market cap weighting to form the MSCI EAFE ex Fossil Fuels Index. The parent index invests in large- and midcap companies in developed nations, outside the US and Canada. Expect minor sector tilts due to the removal of companies that rely on fossil fuels.
Classification
What's in the fund
Exposure type
Finance
Health Technology
Stock breakdown by region
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