- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Nov 2, 2021
- Business
- Impact Shares MSCI Global Climate Select ETF (NTZO) is an exchange-traded fund incorporated in the United States that seeks investment results, before fees and expenses, that track the performance of the MSCI ACWI Climate Pathway Select Index. The fund invests at least 80% of its total assets plus any borrowings for investment purposes in equity securities that are components of the index, which comprises global companies selected and weighted for lower carbon emissions, climate change mitigation, and various environmental, social, and governance (ESG) factors; it provides exposure to large- and mid-cap companies across developed and emerging markets worldwide, targeting investors focused on climate-conscious equity strategies. Launched on November 3, 2021, in collaboration with the United Nations Capital Development Fund (UNCDF) and backed by The Rockefeller Foundation, the ETF operates under Impact Shares Trust I, a series of the nonprofit ETF sponsor Impact Shares, founded in 2014 and headquartered in Frisco, Texas.
NTZO emphasizes global geographic operations through its benchmark index, which covers the MSCI All Country World Investable Market Index (ACWI IMI) constituents adjusted for climate pathways, serving institutional and retail investors seeking market returns aligned with UN Sustainable Development Goals and Paris Agreement climate objectives. The ETF's portfolio targets sectors with favorable climate metrics, including technology, healthcare, and consumer discretionary, while excluding high-emission industries; it was co-created with the Global Investors for Sustainable Development (GISD) Alliance to mobilize private capital for decarbonization.
In a major operational change, the Board of Trustees of Impact Shares Trust I approved a Plan of Liquidation for NTZO, effective June 6, 2022, with full liquidation completed by June 24, 2022, after which the fund ceased operations and new investments were prohibited. Shareholders received cash distributions equal to the net asset value as of the liquidation date, marking the ETF's closure amid challenges common to niche impact funds, though no recent partnerships, funding rounds, or relaunches have been announced as of late 2025. Impact Shares continues to manage other ESG-focused ETFs, such as those partnering with organizations like the NAACP, but NTZO remains delisted and inactive.