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EFAX - EAFE Fossil Fuel Reserves Free MSCI ETF SPDR

EAFE Fossil Fuel Reserves Free MSCI ETF SPDR logoThe EAFE Fossil Fuel Reserves Free MSCI ETF SPDR (EFAX) is an exchange-traded fund that tracks the performance of the MSCI EAFE ex Fossil Fuels Index. The index is designed to provide exposure to equity securities of companies in the MSCI EAFE Index, excluding those involved in the production or distribution of fossil fuels. The MSCI EAFE Index includes stocks from developed markets in Europe, Australasia, and the Far East. The fund aims to provide investors with exposure to companies in these markets while excluding those with exposure to fossil fuels.

As of March 23, 2023, EFAX had a total net asset value of $43.7 million and traded at a price of around $28.07 per share. The fund has an expense ratio of 0.20%, which is relatively low compared to other ETFs.

Investors looking for exposure to international equities while also taking into account environmental concerns may find EFAX to be a suitable option. By excluding companies with exposure to fossil fuels, the fund seeks to align investors' portfolios with their values, while still offering exposure to developed market equities. However, investors should be aware that this exclusion may result in a more concentrated portfolio compared to other international equity ETFs. As with any investment, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.

 



 

 

 
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