SPDR S&P World ex Australia Carbon Aware (Hedged) ETF

The SPDR S&P World ex Australia Carbon Aware (Hedged) ETF is an equity exchange-traded fund that provides exposure to a diversified portfolio of large- and mid-cap companies from developed markets outside Australia. Its primary function is to replicate the performance of the S&P Developed Ex-Australia LargeMidCap Carbon Aware AUD Hedged Index, which incorporates a carbon awareness overlay—aiming to reduce the portfolio’s weighted average carbon intensity relative to a conventional global equity benchmark, without introducing significant active risk. The fund is denominated in Australian dollars, utilizing currency hedging strategies to minimize the impact of foreign exchange fluctuations on returns for Australian investors. Designed and managed by State Street Global Advisors, the ETF caters to investors seeking international equity diversification while aligning with environmental, social, and governance (ESG) considerations, particularly targeting lower portfolio carbon emissions. As a passively managed investment, it tracks its benchmark closely, offering transparency, cost efficiency, and annual income distributions to its holders. With a substantial number of underlying holdings—generally over 600 companies—the ETF spans multiple industry sectors and geographies, playing a key role for investors who want global equity exposure minus Australian constituents, with an added focus on climate impact stewardship.