Xtrackers S&P 500 Scored & Screened ETF
SNPE
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 875 Third Avenue New York NY United States of America 10022
- IPO Date
- Jun 26, 2019
- CIK
- 0001503123
- Website
- etf.dws.com
- Similar Companies
- Business
- Xtrackers S&P 500 Scored & Screened ETF (SNPE) is an exchange-traded fund that seeks investment results corresponding generally to the performance, before fees and expenses, of the S&P 500 Scored & Screened Index, a broad-based, market capitalization-weighted index designed to measure the performance of companies meeting environmental, social, and governance (ESG) criteria while maintaining similar overall industry group weights as the S&P 500 Index. The fund employs a full replication indexing strategy, investing directly in the component securities of the Underlying Index in substantially the same weightings, or a representative sampling approach when necessary due to limited availability or regulatory restrictions; it commits at least 80% of its total assets to these securities and may concentrate investments in industries mirroring the index's composition. As of October 31, 2024, the Underlying Index comprised 315 securities with an average market capitalization of approximately $121.31 billion, featuring significant exposure to the information technology sector. The Underlying Index construction begins with the S&P 500 Index constituents, applying rigorous ESG screens by S&P Dow Jones Indices LLC to exclude companies lacking S&P Global ESG scores or scoring in the bottom 25% within their Global Industry Classification Standard (GICS) Industry Group; additional business involvement exclusions target firms deriving specified revenue thresholds from tobacco products, controversial weapons, thermal coal mining or power generation, oil sands extraction, small arms manufacturing or sales, and integral military weapons, or holding significant stakes therein; Sustainalytics identifies non-compliance with United Nations Global Compact principles. From the eligible universe, the Index Provider selects securities targeting 75% of each GICS Industry Group's float-adjusted market capitalization, prioritized by ESG scores; the index rebalances annually after the last business day of April, with quarterly removals for business involvement violations or UNGC non-compliance, and ad hoc exclusions for ESG-related risks like economic crime or environmental disasters. Launched on June 25, 2019, and listed on NYSE Arca, Inc., the fund is issued by Xtrackers, the ETF platform of DWS Group (a Deutsche Bank AG subsidiary), with headquarters in the United States and an expense ratio of 0.10% following a management fee adjustment effective August 13, 2024. It targets institutional and retail investors seeking ESG-integrated exposure to large-cap U.S. equities across diverse sectors, primarily serving the large blend category. The fund may engage in securities lending up to one-third of assets and limited derivatives like futures and swaps for index tracking, without speculative intent. In recent developments, effective February 10, 2025, the fund renamed from Xtrackers S&P 500 ESG ETF to its current designation, with the Underlying Index renamed from S&P 500 ESG Index to S&P 500 Scored & Screened Index, while preserving the index methodology and investment policies; ticker symbol SNPE remains unchanged. Portfolio turnover stood at 11% for the most recent fiscal year, and creation unit sizes for related Xtrackers ESG ETFs adjusted to 10,000 shares effective January 27, 2025. No major acquisitions, funding rounds, or partnerships specific to SNPE were reported in the last 1-2 years, though DWS continues expanding its Xtrackers ESG suite.