State Street Global Advisors has announced planned changes to the ETF SPDR MSCI ACWI Low Carbon Target (LOWC). Effective Friday, April 22, the fund will change its name and ticker symbol to SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) and move its primary listing from NYSE Arca to the Nasdaq stock market.

The fund’s benchmark will change from the MSCI ACWI Low Carbon Target Index to the MSCI ACWI Climate Paris Aligned Index, which is designed to support investors looking to reduce their exposure to transition and physical climate risks. and who wish to seize the opportunities arising from the transition to a low-carbon economy in accordance with the requirements of the Paris Agreement.

The fund will also undergo a 4:1 stock split. Once implemented, the split will lower the fund’s share price and increase the number of shares outstanding. The aggregate market value of the outstanding shares will not be affected.

The stock split will apply to shareholders of record at market close on or about April 19 and will be payable after market close on or about April 21. The shares will trade at their post-split price in effect on or about April 22.

Shareholders will not need to take any action as a result of these changes.

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