Impact Shares MSCI Global Climate Select ETF

NTZO

NTZO

Fund Description and Objective

NTZO aims to maximize exposure to companies that can potentially benefit from opportunities arising from the transition to a lower-carbon economy and increase exposure to companies that are setting science-based emission reduction targets or commit to reduction targets and have a track record of decarbonizing at a rate of 7%. 

NTZO is constructed with the aim to track the performance of the MSCI ACWI Climate Pathway Select Index (the “Index”). The Index is constructed from the MSCI ACWI Index by excluding securities based on certain ESG and Climate Change related criteria, followed by an optimization-based approach that aims to:
  • Increase the exposure to companies participating in opportunities associated with the transition to a low carbon economy.
  • Increase the weight of companies with science-based emission reduction targets.
  • Follow a decarbonization trajectory: reduce Index’s weighted average carbon intensity by at least 7% YoY and 30% relative MSCI ACWI Index.
  • Significantly improve the ESG profile of the Index: at least 25% higher index’s ESG Score (weighted average ESG Score of index constituents) compared to MSCI ACWI Index.
Stocks are selected and weighted following an optimization process, which enables the Index to meet its climate objectives while minimizing tracking error to the parent index (MSCI ACWI) and selecting no more than 400 stocks. The optimization process must meet a few more conditions to ensure that the Index is not taking overly large or unintended bets on any specific stocks, sectors, or countries.

Fund Information

wdt_ID Name Data
1 Inception Date 11/02/2021
2 Ticker NTZO
3 Primary Exchange NYSE Arca
4 CUSIP 45259R 202
5 Net Expense Ratio* 0.30%
6 Gross Expense Ratio 0.62%
10 Index Name MSCI ACWI Climate Pathway Select Index
11 Index Provider MSCI Inc.

*Impact Shares, Corp. has contractually agreed to limit the total annual operating expenses (exclusive of fees paid by the Fund pursuant to its distribution plan under Rule 12b-1 under the Investment Company Act of 1940, as amended, taxes, brokerage commissions and other transaction costs, interest payments, acquired fund fees and expenses, extraordinary expenses and dividend expenses on short sales) of the Fund to 0.30% through at least November 1, 2022. This contract may not be terminated without the action or consent of the Fund’s Board of Trustees.

Fund Data & Pricing

Data as of

Performance

RETURNS

Inception Date: 11/02/2021

DAILY CHANGE

Net Asset Value (NAV)

Market Price

PREMIUM/DISCOUNT

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed or sold, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. Market returns does not represent the returns you would receive if you traded shares at other times. For performance data current to the most recent month end, please call 844-448-3383.

MARKET PRICE Beginning 12/17/2020, the market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of (4:00 PM Eastern Time).

NAV The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

30-Day Median Bid Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Holdings

TOP 10 HOLDINGS

Holdings are subject to change.

Data as of

Sector Allocation

As of 09/30/2021

Sector Weight
Financials 21.86%
Information Technology 20.59%
Health Care 14.05%
Consumer Staples 11.92%
Consumer Discretionary 9.85%
Media & Entertainment 6.25%
Others 15.48%

Literature

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