State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFAX
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Nov 3, 2016
- CIK
- 0001168164
- Website
- ssga.com
- Similar Companies
- Business
- SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index. The fund tracks a subset of the MSCI EAFE Index, which captures large- and mid-capitalization companies across developed markets in Europe, Australasia, and the Far East excluding the United States and Canada, with companies owning fossil fuel reserves—defined as proved and probable reserves for coal, proved reserves for oil, and proved reserves for natural gas used for energy purposes—screened out based on MSCI ESG Research data. EFAX employs a representative sampling technique, investing substantially all of its assets in the securities comprising the index or depositary receipts representing such securities; it holds approximately 663 stocks with top sectors including financials (25.62%), industrials (18.94%), and health care (12.11%), and leading country weights in Japan (21.73%), the United Kingdom (13.25%), and Germany (11.04%). Launched on October 24, 2016, and domiciled in the United States, EFAX is issued by State Street Global Advisors (SSGA), the asset management division of State Street Corporation founded in 1978 and headquartered at One Iron Street in Boston, Massachusetts. The ETF targets climate-conscious investors seeking international developed market equity exposure while minimizing fossil fuel reserves risk, serving as an alternative to traditional MSCI EAFE strategies; it features a net expense ratio of 0.20%, daily pricing, and distributes qualified dividends. As of mid-2025, assets under management stand around $420 million, with top holdings such as SAP SE (1.81%), ASML Holding NV (1.79%), and Nestle SA (1.49%). In recent developments, State Street Global Advisors rebranded to State Street Investment Management in June 2025, unifying its investment management operations under a single global brand while maintaining its position as the fourth-largest asset manager worldwide. The firm has continued expanding its SPDR ETF suite with initiatives like share splits announced in November 2025 for five Select Sector SPDR ETFs to enhance share price accessibility and liquidity, alongside broader ETF market growth including active strategies and private markets offerings in 2025. EFAX itself has seen steady institutional interest, with positions adjusted by investors such as Betterment LLC in Q2 2025, reflecting ongoing portfolio reallocations amid fossil fuel exclusion trends.