Exchange-traded fund
SPDR® MSCI ACWI Climate Paris Aligned ETF
TickerNZACsocially responsible
Fund manager
SPDR State Street Global Advisors
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up between 1% and 2% of the portfolio. Assigned a grade of D.
D
$29.47 MILLION
Prison industrial complex
44
flagged holdings
13%
of assets flagged
Data as of 2/28/23
Flagged investments:
$29.47 MILLION, 13% of assets
Higher risk:
$3.16 MILLION, 1.38% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
23
holdings
$18.4M
invested
8.03%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
37
holdings
$27.87M
invested
12%
of portfolio
All flagged holdings
44 holdings
44 holdings
  • 1.  Microsoft Corp
    Prison industryBorder industry
    $7.42M
    3.24%
  • 2.  Amazon.com Inc
    Prison industryBorder industry
    $3.28M
    1.43%
  • 3.  Alphabet Inc Class C
    Border industry
    $2.58M
    1.13%
  • 4.  JPMorgan Chase & Co
    Prison industryBorder industry
    $1.96M
    0.86%
  • 5.  Alphabet Inc Class A
    Border industry
    $1.63M
    0.71%
Higher risk
Private prison operator
See all
SPDR® MSCI ACWI Climate Paris Aligned ETF $NZAC has $29.47 MILLION invested in 44 companies involved in the prison industrial complex, amounting to 13% of fund assets
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Financial performance
Performance data provided byMorningstarFind more financial data on NZAC at Morningstar.com
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.06% less in annualized returns
Less invested in private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
Less invested in higher risk companies, border industry 
0.09% less invested
Less invested in higher risk companies 
0.11% less invested
Less invested in all screened prison industry companies 
0.99% less invested
More invested in all screened border industry companies 
0.33% more invested
Less invested in all screened companies 
0.8% less invested
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.06% less in annualized returns
Less invested in private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
Less invested in higher risk companies, border industry 
0.09% less invested
Less invested in higher risk companies 
0.11% less invested
Less invested in all screened prison industry companies 
0.99% less invested
More invested in all screened border industry companies 
0.33% more invested
Less invested in all screened companies 
0.8% less invested
Current fund
NZAC
SPDR® MSCI ACWI Climate Paris Aligned ETF
Family
SPDR State Street Global Advisors
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.06% less in annualized returns
Less invested in private prison operators 
0.01% less invested
Less invested in higher risk companies, prison industry 
0.14% less invested
Less invested in higher risk companies, border industry 
0.09% less invested
Less invested in higher risk companies 
0.11% less invested
Less invested in all screened prison industry companies 
0.99% less invested
More invested in all screened border industry companies 
0.33% more invested
Less invested in all screened companies 
0.8% less invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
NZAC - SPDR® MSCI ACWI Climate Paris Aligned ETF
-9.3%
8.4%
5.82%
/
0% 
Benchmark
ACWI - iShares MSCI ACWI ETF
-8.15%
8.81%
5.88%
8.09%
<0.01% 
Fund compared to benchmark
 
-1.15%
-0.41%
-0.06%
/
<0.01%  lower
Find more financial data on NZAC at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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Visit Fossil Free Funds to see this fund's exposure to fossil fuel companies and companies with high carbon footprints
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