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SPDR® S&P® Emerging Markets Dividend ETF
ETF
EDIV
Payout Change
Pending
Price as of:
$35.19
+0.26
+0.74%
primary theme
Emerging Markets Equity
EDIV (ETF)
SPDR® S&P® Emerging Markets Dividend ETF
Payout Change
Pending
Price as of:
$35.19
+0.26
+0.74%
primary theme
Emerging Markets Equity
EDIV (ETF)
SPDR® S&P® Emerging Markets Dividend ETF
Payout Change
Pending
Price as of:
$35.19
+0.26
+0.74%
primary theme
Emerging Markets Equity
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.9%
1 yr return
15.0%
3 Yr Avg Return
10.7%
5 Yr Avg Return
6.3%
Net Assets
$520 M
Holdings in Top 10
24.9%
52 WEEK LOW AND HIGH
$34.9
$31.07
$38.33
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
EDIV - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 10.7%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.63%
- Dividend Yield 6.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR® S&P® Emerging Markets Dividend ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateFeb 23, 2011
-
Shares Outstanding8500000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the S&P Emerging Markets Dividend Opportunities Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective. The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended; however, the Fund may become “non-diversified” solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in depositary receipts (including American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) based on securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market
instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index is designed to measure the performance of 100 high-yielding emerging market common stocks. The selection universe for the Index is the S&P Emerging BMI (Broad Market Index). To be added to the Index, a company's stock must meet the following investability criteria as of the last trading date of June (the “reconstitution reference date”): (i) float-adjusted market capitalization of at least $300 million and (ii) three-month median daily value traded of at least $1 million. Additionally, a company's stock must meet the following stability criteria as of the reconstitution reference date: (i) positive earnings-per-share (before extraordinary items) over the latest 12-month period; (ii) stable (i.e., less than 5% decline) or increasing three-year dividend growth; (iii) a dividend coverage ratio greater than 100% (defined as Funds From Operations Per Share divided by Dividend-Per-Share); and (iv) dividend yield greater than the median dividend yield of the remaining universe of stocks that have passed all other investability and stability criteria. Stocks are then ranked by risk-adjusted yield, which is calculated by dividing the dividend yield by the volatility of the monthly dividend yields over the preceding thirty-six months as of the reconstitution reference date. The top 80 stocks ranked by risk-adjusted yield are automatically selected for inclusion in the Index. All stocks that are current constituents that fall within the top 150 ranking are chosen by order of rank. If there are still fewer than 100 constituents, the remaining stocks are selected based on rank until 100 stocks are selected.
The Index is weighted based on trailing twelve-month dividend yield, subject to specific diversification requirements. The Index is reconstituted after the U.S. market close on the last trading day of July. The Index undergoes a secondary rebalance, as necessary, effective after the close of trading on the last business day in January, to ensure adherence to the constituent weighting criteria. Index constituents are also reviewed on a monthly basis, and if it is determined that a constituent has eliminated or suspended its dividend, or omitted a payment, the constituent is removed from the Index, effective on the first business day of the following month. The Index is subject to the following limits at rebalancing: (i) maximum single country or sector weight of 25%; (ii) maximum single stock weight of 3%; (iii) maximum combined trust exposure (including real estate investment trusts) of 10%; and (iv) the minimum portfolio size that can be turned over in a single day (based on its three month median daily value traded) is $750 million. As of November 30, 2023, a significant portion of the Fund comprised companies in the financial, technology and utilities sectors, although this may change from time to time. As of November 30, 2023, countries represented in the Fund included Chile, China, Greece, Hong Kong, India, Indonesia, Luxembourg, Malaysia, Mexico, the Philippines, Qatar, South Africa, Taiwan, Thailand, Turkey and the United Arab Emirates. As of November 30, 2023, a significant portion of the Fund comprised companies located in China and Taiwan, although this may change from time to time. As of November 30, 2023, the Index comprised 100 securities.
The Index is sponsored by S&P Dow Jones Indices LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
EDIV - Performance
Return Ranking - Trailing
| Period | EDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -22.8% | 34.0% | 13.14% |
| 1 Yr | 15.0% | -21.1% | 31.8% | 12.29% |
| 3 Yr | 10.7%* | -13.3% | 10.7% | 0.15% |
| 5 Yr | 6.3%* | -7.1% | 10.4% | 8.81% |
| 10 Yr | 4.5%* | -1.3% | 8.6% | 27.89% |
* Annualized
Return Ranking - Calendar
| Period | EDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 35.5% | -6.5% | 35.5% | 0.14% |
| 2022 | -19.3% | -50.1% | -2.4% | 14.29% |
| 2021 | 7.1% | -33.1% | 22.5% | 7.49% |
| 2020 | -13.5% | -22.1% | 80.1% | 99.67% |
| 2019 | 7.5% | -0.7% | 42.0% | 95.78% |
Total Return Ranking - Trailing
| Period | EDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -22.8% | 34.0% | 13.14% |
| 1 Yr | 15.0% | -21.1% | 31.8% | 12.29% |
| 3 Yr | 10.7%* | -13.3% | 10.7% | 0.15% |
| 5 Yr | 6.3%* | -7.1% | 10.4% | 8.81% |
| 10 Yr | 4.5%* | -1.3% | 8.6% | 27.89% |
* Annualized
Total Return Ranking - Calendar
| Period | EDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 42.0% | -1.0% | 42.0% | 0.14% |
| 2022 | -15.3% | -42.2% | 1.9% | 11.34% |
| 2021 | 11.2% | -32.5% | 33.1% | 10.30% |
| 2020 | -9.9% | -20.0% | 81.6% | 99.67% |
| 2019 | 11.8% | 2.3% | 42.0% | 95.78% |
EDIV - Holdings
Concentration Analysis
| EDIV | Category Low | Category High | EDIV % Rank | |
|---|---|---|---|---|
| Net Assets | 520 M | 682 K | 111 B | 48.01% |
| Number of Holdings | 110 | 9 | 7534 | 43.87% |
| Net Assets in Top 10 | 124 M | 290 K | 23.8 B | 54.56% |
| Weighting of Top 10 | 24.91% | 2.9% | 101.1% | 83.88% |
Top 10 Holdings
- Banco Bradesco SA 3.32%
- Cia Energetica de Minas Gerais 3.31%
- Telkom Indonesia Persero Tbk PT 3.06%
- Saudi Telecom Co 2.48%
- Advanced Info Service PCL 2.35%
- Chunghwa Telecom Co Ltd 2.13%
- Land Houses PCL 2.08%
- Sinopharm Group Co Ltd 2.08%
- Uni-President Enterprises Corp 2.07%
- Taiwan Mobile Co Ltd 2.04%
Asset Allocation
| Weighting | Return Low | Return High | EDIV % Rank | |
|---|---|---|---|---|
| Stocks | 96.36% | 0.00% | 103.28% | 66.67% |
| Preferred Stocks | 3.31% | 0.00% | 13.31% | 10.54% |
| Cash | 1.47% | -2.03% | 98.08% | 59.54% |
| Other | 0.02% | -1.11% | 39.53% | 18.80% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 51.51% |
| Bonds | 0.00% | 0.00% | 95.13% | 55.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EDIV % Rank | |
|---|---|---|---|---|
| Financial Services | 28.28% | 0.00% | 48.86% | 8.95% |
| Technology | 17.52% | 0.00% | 47.50% | 81.53% |
| Utilities | 11.94% | 0.00% | 39.12% | 0.58% |
| Communication Services | 11.46% | 0.00% | 39.29% | 17.46% |
| Real Estate | 10.65% | 0.00% | 17.15% | 0.72% |
| Consumer Defense | 8.95% | 0.00% | 25.90% | 19.77% |
| Industrials | 8.18% | 0.00% | 43.53% | 24.96% |
| Basic Materials | 2.71% | 0.00% | 30.03% | 88.60% |
| Consumer Cyclical | 0.30% | 0.00% | 48.94% | 99.42% |
| Healthcare | 0.00% | 0.00% | 16.53% | 98.70% |
| Energy | 0.00% | 0.00% | 24.80% | 93.36% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EDIV % Rank | |
|---|---|---|---|---|
| Non US | 91.44% | 0.00% | 100.52% | 27.92% |
| US | 4.92% | 0.00% | 100.95% | 73.36% |
EDIV - Expenses
Operational Fees
| EDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | 29.98% | 91.57% |
| Management Fee | 0.49% | 0.00% | 2.00% | 9.84% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| EDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| EDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| EDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 75.00% | 0.00% | 189.00% | 75.40% |
EDIV - Distributions
Dividend Yield Analysis
| EDIV | Category Low | Category High | EDIV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.68% | 0.00% | 9.74% | 6.84% |
Dividend Distribution Analysis
| EDIV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| EDIV | Category Low | Category High | EDIV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.63% | -1.98% | 17.62% | 3.40% |
Capital Gain Distribution Analysis
| EDIV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.588 | OrdinaryDividend |
| Jun 24, 2024 | $0.457 | OrdinaryDividend |
| Mar 18, 2024 | $0.177 | OrdinaryDividend |
| Dec 18, 2023 | $0.052 | OrdinaryDividend |
| Sep 18, 2023 | $0.886 | OrdinaryDividend |
| Jun 20, 2023 | $0.386 | OrdinaryDividend |
| Mar 20, 2023 | $0.061 | OrdinaryDividend |
| Dec 19, 2022 | $0.065 | OrdinaryDividend |
| Sep 19, 2022 | $0.675 | OrdinaryDividend |
| Jun 21, 2022 | $0.405 | OrdinaryDividend |
| Mar 21, 2022 | $0.041 | OrdinaryDividend |
| Dec 20, 2021 | $0.197 | OrdinaryDividend |
| Sep 20, 2021 | $0.478 | OrdinaryDividend |
| Jun 21, 2021 | $0.372 | OrdinaryDividend |
| Mar 22, 2021 | $0.095 | OrdinaryDividend |
| Dec 21, 2020 | $0.072 | OrdinaryDividend |
| Sep 21, 2020 | $0.308 | OrdinaryDividend |
| Jun 22, 2020 | $0.413 | OrdinaryDividend |
| Mar 23, 2020 | $0.185 | OrdinaryDividend |
| Dec 23, 2019 | $0.074 | OrdinaryDividend |
| Sep 23, 2019 | $0.595 | OrdinaryDividend |
| Jun 24, 2019 | $0.433 | OrdinaryDividend |
| Mar 18, 2019 | $0.127 | OrdinaryDividend |
| Dec 21, 2018 | $0.095 | OrdinaryDividend |
| Sep 21, 2018 | $0.458 | OrdinaryDividend |
| Jun 15, 2018 | $0.348 | OrdinaryDividend |
| Mar 16, 2018 | $0.117 | OrdinaryDividend |
| Dec 15, 2017 | $0.127 | OrdinaryDividend |
| Sep 15, 2017 | $0.489 | OrdinaryDividend |
| Jun 16, 2017 | $0.316 | OrdinaryDividend |
| Mar 17, 2017 | $0.051 | OrdinaryDividend |
| Dec 16, 2016 | $0.156 | OrdinaryDividend |
| Sep 16, 2016 | $0.688 | OrdinaryDividend |
| Jun 17, 2016 | $0.388 | OrdinaryDividend |
| Mar 18, 2016 | $0.073 | OrdinaryDividend |
| Dec 18, 2015 | $0.141 | OrdinaryDividend |
| Sep 18, 2015 | $0.416 | OrdinaryDividend |
| Jun 19, 2015 | $0.629 | OrdinaryDividend |
| Mar 20, 2015 | $0.079 | OrdinaryDividend |
| Dec 19, 2014 | $0.218 | OrdinaryDividend |
| Sep 19, 2014 | $0.678 | OrdinaryDividend |
| Jun 20, 2014 | $0.738 | OrdinaryDividend |
| Mar 21, 2014 | $0.018 | OrdinaryDividend |
| Dec 20, 2013 | $0.211 | OrdinaryDividend |
| Sep 20, 2013 | $0.650 | OrdinaryDividend |
| Jun 21, 2013 | $1.064 | OrdinaryDividend |
| Mar 15, 2013 | $0.078 | OrdinaryDividend |
| Dec 21, 2012 | $0.291 | OrdinaryDividend |
| Sep 21, 2012 | $1.222 | OrdinaryDividend |
| Jun 15, 2012 | $0.973 | OrdinaryDividend |
| Mar 16, 2012 | $0.041 | OrdinaryDividend |
| Dec 16, 2011 | $0.369 | OrdinaryDividend |
| Sep 16, 2011 | $0.950 | OrdinaryDividend |
| Jun 17, 2011 | $0.820 | OrdinaryDividend |
| Mar 18, 2011 | $0.131 | OrdinaryDividend |
EDIV - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Feb 23, 2011
11.27
11.3%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Karl Schneider
Start Date
Tenure
Tenure Rank
Jan 31, 2015
7.33
7.3%
Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.
Olga Winner
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Olga Winner, CFA, is a Vice President of SSGA FM and Senior Portfolio Manager in the GEBS Group. Ms. Winner joined SSGA FM in 2007 and has 15 years of investment experience. She has co-managed the USAA MSCI Emerging Markets Value Momentum ETF since its inception in October 2017 and the USAA International Value Momentum Blend Index ETF since December 2018. Education: B.S. in Finance, the University of Massachusetts; M.B.A and M.S. in Finance., the Carroll School of Management at Boston College. She also earned the CFA designation and is a member of CFA Society Boston, Inc.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.68 | 13.42 |
