State Street SPDR MSCI ACWI Climate Paris Aligned ETF
NZAC
NASDAQ Global Market- -
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
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in mil. unless spec.Quarterly Dividends Per Share
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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 26, 2014
- Website
- ssga.com
- Similar Companies
- Business
- SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that seeks to provide investment results corresponding generally to the total return performance of the MSCI ACWI Climate Paris Aligned Index, before fees and expenses. The fund tracks an index designed to represent the performance of large- and mid-capitalization equities across 23 developed markets and 24 emerging markets, while aligning with the Paris Agreement on climate change by reducing exposure to transition and physical climate risks; maximizing exposure to companies driving the transition to a low-carbon economy; and minimizing tracking error relative to its parent MSCI ACWI Index. It employs a representative sampling strategy to hold approximately 700-800 securities, including growth and value stocks, with constraints on greenhouse gas intensity, low-carbon transition scores, climate value-at-risk, green revenues, and fossil fuel revenues; the portfolio is rebalanced semi-annually. The ETF offers investors exposure to global equities deemed socially conscious and environmentally responsible, excluding companies involved in controversial activities as defined by MSCI ESG screening applied to at least 90% of the portfolio. Key top holdings as of recent data include leading firms such as NVIDIA, Microsoft, and Apple, representing technology and diversified sectors weighted to favor climate-aligned opportunities. Distributions occur semi-annually, with a total expense ratio of 0.12%, assets under management around $135-167 million, and a focus on currency-unhedged USD-denominated performance for institutional and retail investors seeking sustainable global equity allocation. NZAC was launched on November 25, 2014, and is issued and managed by State Street Global Advisors (SSGA Funds Management, Inc.), with headquarters in Boston, Massachusetts; it is domiciled in the United States and listed on exchanges including NASDAQ. Prior to April 22, 2022, the ETF traded under the ticker LOWC and tracked the MSCI ACWI Low Carbon Target Index, reflecting a significant strategic shift to the current Paris-aligned benchmark to better meet EU Benchmark Regulation standards for climate-aligned investments. No major acquisitions, funding rounds, or new product launches have been reported in the last 1-2 years, though the fund has seen steady net inflows of approximately $33 million over the past year amid growing demand for ESG-focused products. It operates without subsidiaries or parent company relationships beyond SSGA oversight, targeting geographically diversified operations across developed and emerging markets worldwide.