Exchange-traded fund
SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF
TickerEFAX
Fund manager
SPDR State Street Global Advisors

Fossil fuel companiesare fueling the climate crisis.

Fossil fuel exposure of 2.34% with investments in top 200 carbon reserve owners and/or top 30 coal-fired utilities places the fund in the C tier.

Methodology
C
Investments in major fossil fuel companies
Enel SpA
Macroclimate 30Top 30 coal-fired power
$990,050
Anglo American PLC
Carbon Underground 200Top 200 carbon reserves
$692,098
ArcelorMittal SA Depository Receipt
Carbon Underground 200Top 200 carbon reserves
$264,679
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
2
holdings
$956,777
invested
0.37%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
5
holdings
$1.27M
invested
0.49%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
12
holdings
$3.01M
invested
1.17%
of portfolio
Utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
1
holdings
$990,050
invested
0.38%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
13
holdings
$4.01M
invested
1.56%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
22 holdings
22 holdings
  • 1. Enel SpA
    Macroclimate 30Fossil-fired utility
    $990,050
    0.38%
  • 2. National Grid PLC
    Oil/gas industryFossil-fired utility
    $941,240
    0.37%
  • 3. Anglo American PLC
    Carbon Underground 200Coal industry
    $692,098
    0.27%
  • 4. E.ON SE
    Oil/gas industryFossil-fired utility
    $531,811
    0.21%
  • 5. SSE PLC
    Fossil-fired utility
    $444,197
    0.17%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF $EFAX is 2.34% invested in fossil fuel stocks, with $6.04 MILLION invested across 22 equity holdings
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Financial performance
Performance data provided byMorningstarFind more financial data on EFAX at Morningstar.com
Current fund
EFAX
SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF
Family
SPDR State Street Global Advisors
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.06% more in annualized returns
Less invested in fossil fuels 
8.49% less invested
Lower fossil finance risk score 
4 points lower
Higher fossil insurance risk score 
5 points higher
More invested in Clean200 
1.6% more invested
Current fund
EFAX
SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF
Family
SPDR State Street Global Advisors
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.06% more in annualized returns
Less invested in fossil fuels 
8.49% less invested
Lower fossil finance risk score 
4 points lower
Higher fossil insurance risk score 
5 points higher
More invested in Clean200 
1.6% more invested
Current fund
EFAX
SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF
Family
SPDR State Street Global Advisors
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 5-yr returns 
1.06% more in annualized returns
Less invested in fossil fuels 
8.49% less invested
Lower fossil finance risk score 
4 points lower
Higher fossil insurance risk score 
5 points higher
More invested in Clean200 
1.6% more invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
EFAX - SPDR® MSCI EAFE Fossil Fuel Reserves Free ETF
7.86%
11%
3.51%
/
2.34% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
4.3%
9.82%
2.45%
3.89%
11% 
Fund compared to benchmark
 
3.57%
0.9%
1.06%
/
8.49%  lower
Find more financial data on EFAX at Morningstar.com
What's next?
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