The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that tracks the performance of the S&P 500 ESG Index. The fund invests in companies in the S&P 500 index that meet certain environmental, social, and governance (ESG) criteria.
The S&P 500 ESG Index is designed to measure the performance of companies in the S&P 500 index that have high ESG ratings relative to their peers. The index uses ESG scores from SAM, a division of S&P Global, to evaluate companies based on their ESG practices. The index excludes companies that engage in certain business activities, such as tobacco production and controversial weapons.
The SPDR S&P 500 ESG ETF aims to provide investors with exposure to the U.S. large-cap equity market while also incorporating ESG considerations. As of February 24, 2023, the fund had total net assets of approximately $3.3 billion and an expense ratio of 0.10%. The fund is managed by State Street Global Advisors.
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