EFAX
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF tracks a subset of the MSCI EAFE Index that excludes companies that own fossil fuel reserves.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 497.2 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Inception date | Oct 24, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ASML HOLDING NV | 3.1 % |
| HSBC HOLDINGS PLC | 1.6 % |
| ROCHE HOLDING AG | 1.5 % |
| NOVARTIS AG | 1.4 % |
| ASTRAZENECA PLC | 1.4 % |
| NESTLE SA-REG | 1.3 % |
| SIEMENS AG-REG | 1.2 % |
| MITSUBISHI UFJ FINANCIAL GRO | 1.0 % |
| COMMONWEALTH BANK OF AUSTRAL | 1.0 % |
| SAP AG | 0.9 % |
Constituent Breakdown
| Number of holdings | 641 |
| Herfindahl-Hirschman Index | 51 |
| Wgt avg mkt cap (mns) | $102,185 |
| Large cap (>$10bn) | 91.5% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
JAPAN | 22.8 % |
 |
BRITAIN | 11.7 % |
 |
GERMANY | 9.4 % |
 |
SWITZERLAND | 8.7 % |
 |
FRANCE | 8.4 % |
 |
NETHERLANDS | 6.5 % |
 |
AUSTRALIA | 5.4 % |
 |
SPAIN | 3.9 % |
 |
SWEDEN | 3.5 % |
 |
ITALY | 3.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.6% | 15.5% | 13.7% | 13.9% | 4.8% | -- | -- | 6.3% |
| Dividend Yield | 0.0% | 4.1% | 3.5% | 3.5% | 3.0% | -- | -- | 2.8% |
| Total Returns | 7.6% | 19.6% | 17.2% | 17.4% | 7.9% | -- | -- | 9.1% | Ann. Volatility | 20.2% | 15.7% | 16.7% | 15.5% | 16.7% | -- | -- | 17.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 60% |
| MSCI EAFE | 1.04 | 99% |
| MSCI Emg Mkts | 0.65 | 67% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $53.12 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.49/0.41 |
| Bollinger Bands (Upper/Lower) | $54.77/$51.91 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EFAX |
Expenses vs. EFAX |
ALTAR Score™ vs. EFAX |
|---|---|---|---|---|
| EFA | iShares MSCI EAFE ETF | 87.1% | +15 bp | +0.0% |
| HEFA | iShares Currency Hedged MSCI EAFE ETF | 86.6% | +15 bp | +0.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 81.3% | +16 bp | -0.4% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 79.5% | -13 bp | +0.3% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 76.4% | 0 bp | +0.1% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 75.7% | 0 bp | -0.2% |
| IEFA | iShares Core MSCI EAFE ETF | 74.5% | -13 bp | +0.3% |
| BKIE | BNY Mellon International Equity ETF | 67.1% | -16 bp | +0.3% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 66.3% | 0 bp | +0.1% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 65.7% | -16 bp | +0.2% |
Risk and Returns: EFAX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
6.1%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. EFAX's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places EFAX in the 50th percentile
among funds in the category.
Sell-Side Consensus
$59.42
PRICE TARGET
+11.1%
UPSIDE