Table 1.
Investment opportunity set.
| First Trust Global Wind Energy | iShares MSCI World | SPDR Bloomberg Barclays International Treasury Bond | SPDR Gold Shares | United States Oil Fund, LP | Grayscale Bitcoin Trust | |
|---|---|---|---|---|---|---|
| Descriptive features | ||||||
| Ticker | FAN | URTH | BWX | GLD | USO | GBTC |
| Exposure | Global | Global | Global | Global | Global | Global |
| Asset class | Equity | Equity | Bond | Commodity | Commodity | Cryptocurrency |
| Currency | USD | USD | USD | USD | USD | USD |
| MSCI ESG fund ratings | ||||||
| ESG rating | Leader | Average | Average | |||
| ESG score | 7.31 | 5.92 | 5.99 | |||
| MSCI supplemental fund metrics | ||||||
| Sustainable Impact Solutions (%). A weighted average of each issuer’s percent of revenues generated from Sustainable Impact Solutions goods and services with positive impact on the society and the environment. | 41.67 | 6.08 | 0.00 | NA | NA | NA |
| Carbon Intensity (tCO2e/$m sales). A weighted average of the carbon intensity of the fund’s holdings. | 736.40 | 139.80 | 38.10 | NA | NA | NA |
| Green Revenues (%). A weighted average of each issuer’s percent of revenue generated by goods and services, including alternative energy, energy efficiency, green building, pollution prevention and sustainable water. | 56.90 | 5.00 | 0.00 | NA | NA | NA |
| Board Independence (%). A weighted average percentage of issuers in the fund that have an independent board of directors. | 77.20 | 78.80 | 70.00 | NA | NA | NA |
| Board Diversity (%). A weighted average percentage of women on the board of the fund’s holdings. | 25.50 | 31.00 | 32.50 | NA | NA | NA |
| UNGC Violations (%). A sum of the weight of issuers in the fund that are in violation of the UN Global Compact principles according to MSCI ESG Research methodology. | 0.00 | 1.40 | 0.00 | NA | NA | NA |
| Very Severe Controversies (OECD) (%). A sum of the weight of issuers in the fund that are facing one or more very severe controverse related to the environment, product quality, human rights, labor rights and governance based on OECD guidelines. | 0.00 | 1.80 | 0.00 | NA | NA | NA |
| Controversial Weapons (%). A sum of the weight of issuers in the fund that have any tie to landmines, cluster munitions, biological, chemical, depleted uranium, or nuclear weapons. | 0.00 | 0.50 | 0.00 | NA | NA | NA |
| Tobacco (%). A sum of the weight of the issuers in the fund that are tobacco producers that derive 5%, as well as tobacco distributors, suppliers, and retailers if the combined revenue is 15% of total revenues. | 0.00 | 0.70 | 0.00 | NA | NA | NA |
This table reports on the considered components of the investment opportunity set. NA denotes not available information because ESG criteria do not apply to the underlying assets of specific ETFs, such as commodities or cryptocurrencies, due to their nature.