At a glance
KLMT charges 0.1% a year, below the 0.11% average of the 8 funds most like it (the 8th cheapest of 9). It has $1.56B in assets, the 9th largest of that group; it paid 1.78% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +13.6% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds. Its ten largest positions make up 24.6% of the fund, out of 501 in all.
The short version
Invesco MSCI Global Climate 500 ETF (KLMT) is an index fund that tracks the MSCI ACWI Select Climate 500 Index. The index holds about 500 large and mid-size stocks from developed and emerging markets, chosen for lower and falling greenhouse gas emissions. The fund pairs a climate screen with broad global exposure for an expense ratio of 0.10%. It launched in June 2024, though, so its track record is short.
Price history
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KLMT +13.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| KLMT official prospectus, to Dec 31, 2025 | — | +21.64% | — | — | — | +17.61% |
| KLMT price data to Oct 27, 2026 | +13.7% | +13.6% | — | — | — | +17.2% |
- Over the year to Oct 27, 2026, KLMT returned +13.6%, 1st of 9 among similar funds.
- Its worst full calendar year was 2025 (+21.3%); its best was 2025 (+21.3%).
- The deepest fall in its price history was 16.9% (Feb 18, 2025 to Apr 8, 2025), recovered by Jun 2, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +13.7% | — |
| 2025 | +21.3% | +21.64% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4100 | |
| 2025 | $0.6000 |
What's inside
As of Jul 31, 2026, the fund held 501 securities; the ten largest made up 24.55% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp. | 4.62% | |
| Apple Inc. | 4.52% | |
| Microsoft Corp. | 3.28% | |
| Amazon.com, Inc. | 2.62% | |
| Alphabet Inc. Class A | 2.29% | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1.86% | |
| Broadcom Inc. | 1.75% | |
| Alphabet Inc. Class C | 1.41% | |
| Meta Platforms, Inc. | 1.23% | |
| JPMorgan Chase & Co. | 0.96% | |
| Micron Technology, Inc. | 0.94% | |
| Samsung Electronics Co., Ltd. | 0.93% | |
| Eli Lilly and Co. | 0.92% | |
| Tesla, Inc. | 0.88% | |
| Advanced Micro Devices, Inc. | 0.80% |
By country
United States 62.47%Japan 4.95%United Kingdom 3.7%Taiwan 3.69%Canada 2.89%By asset type
Stocks 99.5%Preferred stock 0.32%By sector
Sectors of the companies held, for the 59.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $4.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.71%, -0.05%, -0.17%.
How it works
KLMT tracks an index built by MSCI. MSCI starts from the MSCI ACWI Index, which holds more than 2,500 large and mid-size companies in 23 developed and 24 emerging markets. It leaves out six countries: Finland, Qatar, the United Arab Emirates, Saudi Arabia, Kuwait and Indonesia. Makers of controversial or nuclear weapons are removed outright. Companies that earn too much revenue from tobacco, thermal coal mining or coal-fired power are removed too. MSCI also drops companies tied to the most severe environmental, social or governance (ESG) controversies, plus any company it hasn't scored.
From what remains, MSCI picks about 500 stocks based on emissions intensity (greenhouse gases relative to sales) and on companies' targets for cutting emissions. The index aims to cut emissions intensity by at least 10% a year on average, measured against its parent index's level in November 2020. It also gives more weight to companies with targets approved by the Science Based Targets initiative. Each sector's weight stays within 3 percentage points of the parent index, and country weights are capped as well. As a result, the fund looks a lot like the broad market.
The fund puts at least 90% of its assets into index stocks and depositary receipts (certificates that stand for foreign shares). It held no derivatives as of July 31, 2026, and its portfolio turnover was 16%. It is legally non-diversified, which means it can hold larger stakes in a few companies.
What it really costs
- KLMT charges 0.1% a year, versus an average of 0.11% for the similar funds below (8th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $10 in the first year and $129 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| KLMT | $10 | $32 | $57 | $129 |
In a retirement portfolio
It holds about 500 large and mid-size stocks from around the world for 0.10% a year, so it could serve as a broad stock core with a climate tilt.
KLMT spreads money across about 500 global stocks. As of July 31, 2026, about 62% was in US companies. Its record is short. The fund launched in June 2024, so it has no history in the 2008, 2020 or 2022 market declines. Its deepest drop was 16.9%, from February 18 to April 8, 2025. It made that back by June 2, 2025, in under two months. Its only full calendar year, 2025, returned 21.64%, so there is no losing year to learn from. A longer bear market could hurt more, and anyone who has to sell shares in a slump would lock in losses. Over the 12 months to October 27, 2026, it yielded 1.78%, paid quarterly. It costs 0.10% a year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want one global stock fund, about 62% US, that leaves out tobacco, thermal coal and weapons makers, for 0.10% a year.
- Long-term holders who want a climate tilt but want sector weights kept within 3 percentage points of the broad global market.
- Investors comfortable with a newer fund: it launched in June 2024 and had about $1.56 billion in assets by July 31, 2026.
Look elsewhere if
- Investors focused on cost: VOO, IVV and ITOT charge 0.03%, versus 0.10% here, and share about 61% of KLMT's holdings.
- Investors who want a long track record: KLMT has no history in the 2008, 2020 or 2022 bear markets.
- Investors who want a concentrated clean-energy bet: KLMT's largest holdings are NVIDIA, Apple and Microsoft, and technology is its biggest sector.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| KLMT this fund | — | 0.1% | $1.56B | +13.6% | — |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 63% | 0% | $5.47B | +13.4% | +25.4% |
| USPX Franklin U.S. Equity Index ETF | 62% | 0.03% | $1.98B | +12.9% | +24.9% |
| VTHR Vanguard Russell 3000 ETF | 62% | 0.07% | $6.41B | +13.1% | +24.5% |
| QDPL Pacer Metaurus US Large Cap Dividend Multip… | 62% | 0.6% | $1.71B | +12.6% | +22.7% |
| SPY SPDR S&P 500 ETF Trust | 61% | 0.0945% | $781.19B | +11.5% | +21.9% |
| VOO Vanguard S&P 500 ETF | 61% | 0.03% | $1.67T | +12.4% | +23.6% |
| IVV iShares Core S&P 500 ETF | 61% | 0.03% | $888.13B | +11.5% | +22.0% |
Questions investors ask
What's the difference between KLMT and VOO?
VOO tracks the S&P 500, which holds only US companies. KLMT holds about 500 stocks worldwide that MSCI picks for lower and falling emissions, and about 62% of its money was in US companies as of July 31, 2026. The two shared about 61% of their holdings in their latest reports. VOO charges 0.03% a year and KLMT charges 0.10%. Over one year, KLMT returned 13.6% as of October 27, 2026, and VOO returned 13.2% as of October 29, 2026.
Does KLMT pay dividends?
Yes. KLMT pays dividends every quarter. Over the 12 months to October 27, 2026, it paid $0.62 per share, a yield of 1.78%. The money comes from dividends paid by the roughly 500 companies it holds, such as NVIDIA, Apple, Microsoft and JPMorgan Chase. Payments can rise or fall from one quarter to the next. A 1.78% yield is modest, so the fund is mainly built for growth and broad market exposure rather than high income.
What is KLMT's expense ratio?
KLMT's expense ratio is 0.10% a year, according to its prospectus filed February 26, 2026. The SEC's standard example assumes $10,000 invested with a 5% yearly return. On that basis, costs come to about $10 after one year, $32 after three, $57 after five and $129 after ten. That is slightly below the 0.11% average of the similar funds it was compared with. It is more than the 0.03% charged by VOO, IVV and ITOT.
What stocks does KLMT exclude?
KLMT leaves out all companies that make controversial or nuclear weapons. It also leaves out companies that earn too much of their revenue from tobacco, thermal coal mining or coal-fired power. Companies tied to the most severe ESG controversies, and companies MSCI hasn't scored, are dropped too. The fund still looks a lot like the broad market. Its largest holdings as of July 31, 2026 were NVIDIA (4.6%), Apple (4.5%), Microsoft (3.3%) and Amazon (2.6%).
Is KLMT good for retirement?
KLMT could serve as a broad global stock holding for long-term savers who want a climate screen, but its record is short. It launched in June 2024. It returned 21.64% in 2025 and averaged 17.61% a year from launch through December 31, 2025. Its deepest drop was 16.9% in early 2025, and it recovered by June 2, 2025. It has not yet been through a long bear market, and past results don't predict future returns.