State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.02: the stock has moved roughly in step with the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerState Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) trades at $53.65. Sector: Financials.
Price as of · Last analyzed: Mar 15, 2026Analyst Coverage for EFAX: EFAX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) Financial Services Profile
State Street's EFAX ETF offers climate-conscious investors exposure to developed international equities, excluding companies with fossil fuel reserves. As the first ETF of its kind, EFAX provides a targeted approach to environmental, social, and governance (ESG) investing within the international equity market, appealing to those seeking to align their investments with sustainability goals.
What Is the Investment Thesis for EFAX?
EFAX presents a targeted investment vehicle for investors seeking to minimize exposure to fossil fuel reserves within their international equity allocation. With a beta of 1.02, EFAX closely mirrors the volatility of the broader market. As ESG investing gains traction, EFAX is positioned to attract capital from environmentally conscious investors. The fund's success hinges on its ability to accurately track the MSCI EAFE ex Fossil Fuels Index and maintain a competitive expense ratio. Growth will be driven by increasing investor demand for sustainable investment options and the continued expansion of ESG-focused investment strategies. EFAX's future performance depends on the overall performance of international equity markets and the continued relevance of fossil fuel-free investing.
Based on FMP financials and quantitative analysis
EFAX Key Highlights
EFAX offers a focused approach to ESG investing by excluding companies with fossil fuel reserves from its portfolio.
- The ETF tracks the MSCI EAFE ex Fossil Fuels Index, providing exposure to international developed markets.
- EFAX has a market capitalization of $0.51 billion, indicating a moderate level of investor interest.
- The ETF's beta of 1.02 suggests that it generally moves in line with the broader market.
- EFAX does not offer a dividend yield, which may be a consideration for income-seeking investors.
Who Are EFAX's Competitors?
EFAX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CFO VictoryShares US 500 Enhanced Volatility Wtd ETF | $78.87 | +0.79% | $402M | — |
| DBJP Xtrackers MSCI Japan Hedged Equity ETF | $119.54 | +0.47% | $510M | — |
| DGT State Street SPDR Global Dow ETF | $186.62 | +0.30% | $615M | — |
| EEMS iShares MSCI Emerging Markets Small-Cap ETF | $76.46 | +1.86% | $406M | — |
| EMQQ EMQQ The Emerging Markets Internet ETF | $30.50 | -0.08% | $221M | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $112.52 | +0.69% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EFAX's Key Strengths?
Targeted ESG investment strategy.
- Exclusion of fossil fuel reserves.
- Exposure to international developed markets.
- Managed by a reputable asset manager (State Street).
What Are EFAX's Weaknesses?
Limited dividend yield.
- Dependence on the performance of the MSCI EAFE ex Fossil Fuels Index.
- Potential for tracking error.
- Vulnerability to market fluctuations.
What Are the Key Risks for EFAX?
Increased competition from other ESG ETFs could erode EFAX's market share.
- Changes in investor sentiment towards ESG investing could negatively impact EFAX's performance.
- Economic downturns affecting international equity markets could lead to declines in EFAX's value.
- Tracking error could result in EFAX underperforming the MSCI EAFE ex Fossil Fuels Index.
- Geopolitical risks in international markets could impact EFAX's performance.
What Are EFAX's Competitive Advantages?
- First-mover advantage as the first international developed markets fossil fuel reserves free ETF.
- Established brand reputation of State Street Global Advisors.
- Index-tracking methodology provides a transparent and rules-based approach.
- Liquidity and accessibility through major exchanges.
What Does EFAX Do?
The State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) was created to track the MSCI EAFE ex Fossil Fuels Index, offering investors a way to invest in international developed markets while avoiding companies that own fossil fuel reserves. This ETF is designed for investors who are concerned about the environmental impact of fossil fuels and wish to reduce their exposure to these companies in their investment portfolios. EFAX provides a targeted approach to ESG investing, allowing investors to align their investments with their values. The fund invests in a diversified portfolio of international equities, excluding companies involved in the extraction, processing, or ownership of fossil fuel reserves. By excluding these companies, EFAX seeks to provide investors with a more sustainable investment option without sacrificing exposure to the broader international equity market. The ETF is managed by State Street Global Advisors, a well-established asset management firm with a long history of providing innovative investment solutions. EFAX is traded on major exchanges, providing investors with easy access to this unique investment strategy.
What Products and Services Does EFAX Offer?
- Provide investors with exposure to international developed markets equities.
- Exclude companies that own fossil fuel reserves from the investment portfolio.
- Track the performance of the MSCI EAFE ex Fossil Fuels Index.
- Offer a climate-conscious investment option for environmentally aware investors.
- Provide a diversified portfolio of international equities.
- Allow investors to align their investments with their values.
How Does EFAX Make Money?
- EFAX generates revenue through management fees charged to investors.
- The management fee is a percentage of the assets under management (AUM).
- State Street Global Advisors manages the ETF and is responsible for its investment strategy.
- The ETF's performance is tied to the performance of the MSCI EAFE ex Fossil Fuels Index.
What Industry Does EFAX Operate In?
EFAX operates within the asset management industry, specifically targeting the growing segment of ESG investing. The demand for sustainable investment options is increasing as investors become more aware of the environmental and social impact of their investments. EFAX competes with other ESG-focused ETFs and traditional international equity funds. The competitive landscape is evolving as more asset managers launch ESG products to meet investor demand. The growth of the ESG investing market is driven by factors such as increasing awareness of climate change, growing regulatory support for sustainable investing, and changing investor preferences.
Who Are EFAX's Key Customers?
- Individual investors seeking ESG-focused investment options.
- Institutional investors with ESG mandates.
- Financial advisors looking for sustainable investment solutions for their clients.
- Pension funds and endowments with ESG goals.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 47 |
| 2026-08-31 | 47 |
| 2026-09-08 | 47 |
| 2026-09-16 | 47 |
| 2026-09-24 | 47 |
| 2026-10-04 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -4.0%.
EFAX Financials
Bull Case vs Bear Case
Bull Case
- Targeted ESG investment strategy.
- Exclusion of fossil fuel reserves.
- Exposure to international developed markets.
- Managed by a reputable asset manager (State Street).
Bear Case
- Limited dividend yield.
- Dependence on the performance of the MSCI EAFE ex Fossil Fuels Index.
- Potential for tracking error.
- Vulnerability to market fluctuations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EFAX Latest News
No recent news available for EFAX.
EFAX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for EFAX.
Price Targets
Wall Street price target analysis for EFAX.
EFAX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for EFAX; grades run from A+ (80-100) to F (below 30).
Common Questions About EFAX (Financials)
What do analysts say about EFAX stock?
However, EFAX's performance is closely tied to the MSCI EAFE ex Fossil Fuels Index, and its success depends on attracting investors seeking ESG-focused investment options. Key valuation metrics include the ETF's expense ratio and tracking error.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on available information as of 2026-03-15.