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SPDR® Portfolio Developed World ex-US ETF
ETF
SPDW
Payout Change
Pending
Price as of:
$35.05
-0.11
-0.31%
primary theme
International Large-Cap Blend Equity
SPDW (ETF)
SPDR® Portfolio Developed World ex-US ETF
Payout Change
Pending
Price as of:
$35.05
-0.11
-0.31%
primary theme
International Large-Cap Blend Equity
SPDW (ETF)
SPDR® Portfolio Developed World ex-US ETF
Payout Change
Pending
Price as of:
$35.05
-0.11
-0.31%
primary theme
International Large-Cap Blend Equity
Name
As of 11/20/2024Price
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
4.9%
1 yr return
11.7%
3 Yr Avg Return
1.1%
5 Yr Avg Return
5.7%
Net Assets
$19.2 B
Holdings in Top 10
13.9%
52 WEEK LOW AND HIGH
$35.2
$32.46
$37.96
Expenses
OPERATING FEES
Expense Ratio 0.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 2.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/20/2024Price
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
SPDW - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.78%
- Dividend Yield 3.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR® Portfolio Developed World ex-US ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateApr 26, 2007
-
Shares Outstanding376000000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKarl Schneider
Fund Description
In seeking to track the performance of the S&P Developed Ex-U.S. BMI 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 a float-adjusted market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index component securities are a subset, based on region, of component securities included in the S&P Global BMI (Broad Market Index). The S&P Global BMI is a rules-based index that measures global stock market performance. A country will be eligible for inclusion in the S&P Global BMI if it is classified as either a developed or emerging market by the S&P Global Equity Index Committee. Country classification is reviewed annually and determined based on quantitative criteria and feedback from market participants via a publicly available market consultation. All publicly listed companies with float-adjusted market capitalizations of at least $100 million and sufficient liquidity based on 12-month median value traded ratio and 6-month median daily value traded are included for each country. Once included, all current constituents with float-adjusted market capitalizations of at least $75 million and sufficient liquidity will remain in the S&P Global BMI for each country. The Index is “float-adjusted,” meaning that only those shares publicly available to investors are included in the Index calculation. All stocks are weighted proportionally to their float-adjusted market capitalization and the Index is reconstituted annually in September. In addition, the Index rebalances quarterly to allow for changes in shares outstanding and the inclusion of eligible initial public offerings, as well as new listings on eligible exchanges and issues that emerged from bankruptcy. As of November 30, 2023, a significant portion of the Fund comprised companies in the financial and industrial sectors, although this may change from time to time. As of November 30, 2023, countries represented in the Fund included Argentina, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland and the United Kingdom. As of November 30, 2023, a significant portion of the Fund comprised companies located in Europe and Japan, although this may change from time to time. As of November 30, 2023, the Index comprised 5,291 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.
SPDW - Performance
Return Ranking - Trailing
| Period | SPDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -5.5% | 26.7% | 64.65% |
| 1 Yr | 11.7% | -1.8% | 28.3% | 47.91% |
| 3 Yr | 1.1%* | -17.4% | 44.9% | 48.32% |
| 5 Yr | 5.7%* | -34.2% | 74.0% | 42.71% |
| 10 Yr | 5.1%* | 0.7% | 31.7% | 28.21% |
* Annualized
Return Ranking - Calendar
| Period | SPDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.6% | -1.4% | 22.0% | 32.87% |
| 2022 | -18.6% | -43.6% | 71.3% | 58.29% |
| 2021 | 8.1% | -28.5% | 18.9% | 22.99% |
| 2020 | 7.7% | -90.1% | 992.1% | 52.56% |
| 2019 | 18.5% | -1.9% | 38.8% | 56.57% |
Total Return Ranking - Trailing
| Period | SPDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.9% | -5.5% | 26.7% | 64.65% |
| 1 Yr | 11.7% | -1.8% | 28.3% | 47.91% |
| 3 Yr | 1.1%* | -17.4% | 44.9% | 48.32% |
| 5 Yr | 5.7%* | -34.2% | 74.0% | 42.71% |
| 10 Yr | 5.1%* | 0.7% | 31.7% | 28.21% |
* Annualized
Total Return Ranking - Calendar
| Period | SPDW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | 3.2% | 23.8% | 28.68% |
| 2022 | -16.0% | -43.6% | 144.8% | 55.61% |
| 2021 | 11.4% | -22.6% | 56.0% | 32.15% |
| 2020 | 9.9% | -89.7% | 1010.8% | 50.41% |
| 2019 | 22.4% | 4.3% | 38.8% | 49.39% |
SPDW - Holdings
Concentration Analysis
| SPDW | Category Low | Category High | SPDW % Rank | |
|---|---|---|---|---|
| Net Assets | 19.2 B | 3.3 M | 425 B | 6.93% |
| Number of Holdings | 2490 | 1 | 10481 | 4.47% |
| Net Assets in Top 10 | 2.79 B | 1.01 M | 47.5 B | 12.48% |
| Weighting of Top 10 | 13.91% | 4.6% | 147.7% | 87.75% |
Top 10 Holdings
- State Street Navigator Securities Lending Portfolio II 3.02%
- Novo Nordisk A/S 1.95%
- ASML Holding NV 1.74%
- Samsung Electronics Co Ltd 1.26%
- Nestle SA 1.12%
- AstraZeneca PLC 1.03%
- Toyota Motor Corp 1.03%
- Shell PLC 1.00%
- Novartis AG 0.90%
- SAP SE 0.87%
Asset Allocation
| Weighting | Return Low | Return High | SPDW % Rank | |
|---|---|---|---|---|
| Stocks | 99.00% | 0.00% | 102.63% | 17.26% |
| Cash | 3.02% | 0.00% | 44.84% | 28.81% |
| Preferred Stocks | 0.47% | -0.05% | 6.57% | 35.13% |
| Other | 0.00% | -2.12% | 69.93% | 46.07% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 94.90% |
| Bonds | 0.00% | 0.00% | 79.43% | 94.61% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPDW % Rank | |
|---|---|---|---|---|
| Financial Services | 17.46% | 0.00% | 47.75% | 58.45% |
| Industrials | 15.68% | 5.17% | 99.49% | 32.07% |
| Healthcare | 11.17% | 0.00% | 20.35% | 58.45% |
| Technology | 10.50% | 0.00% | 36.32% | 60.66% |
| Consumer Cyclical | 10.31% | 0.00% | 36.36% | 50.39% |
| Basic Materials | 8.74% | 0.00% | 23.86% | 36.97% |
| Consumer Defense | 8.48% | 0.00% | 32.29% | 63.67% |
| Energy | 5.94% | 0.00% | 16.89% | 24.64% |
| Communication Services | 5.17% | 0.00% | 21.69% | 71.09% |
| Real Estate | 3.52% | 0.00% | 14.59% | 12.95% |
| Utilities | 3.03% | 0.00% | 13.68% | 44.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPDW % Rank | |
|---|---|---|---|---|
| Non US | 95.92% | 0.00% | 99.44% | 23.57% |
| US | 3.08% | 0.00% | 102.01% | 62.40% |
SPDW - Expenses
Operational Fees
| SPDW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.03% | 0.01% | 19.62% | 99.85% |
| Management Fee | 0.03% | 0.00% | 1.65% | 4.03% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| SPDW 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% | 4.00% | N/A |
Trading Fees
| SPDW 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.
| SPDW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 2.00% | 2.00% | 247.00% | 1.39% |
SPDW - Distributions
Dividend Yield Analysis
| SPDW | Category Low | Category High | SPDW % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.51% | 0.00% | 17.49% | 33.59% |
Dividend Distribution Analysis
| SPDW | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| SPDW | Category Low | Category High | SPDW % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.78% | -0.93% | 6.38% | 5.06% |
Capital Gain Distribution Analysis
| SPDW | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 24, 2024 | $0.618 | OrdinaryDividend |
| Dec 18, 2023 | $0.350 | OrdinaryDividend |
| Jun 20, 2023 | $0.584 | OrdinaryDividend |
| Dec 20, 2022 | $0.342 | OrdinaryDividend |
| Jun 21, 2022 | $0.585 | OrdinaryDividend |
| Dec 20, 2021 | $0.598 | OrdinaryDividend |
| Jun 21, 2021 | $0.510 | OrdinaryDividend |
| Dec 21, 2020 | $0.325 | OrdinaryDividend |
| Jun 22, 2020 | $0.305 | OrdinaryDividend |
| Dec 23, 2019 | $0.402 | OrdinaryDividend |
| Jun 24, 2019 | $0.578 | OrdinaryDividend |
| Dec 24, 2018 | $0.281 | OrdinaryDividend |
| Jun 15, 2018 | $0.533 | OrdinaryDividend |
| Dec 15, 2017 | $0.230 | OrdinaryDividend |
| Jun 16, 2017 | $0.361 | OrdinaryDividend |
| Dec 16, 2016 | $0.424 | OrdinaryDividend |
| Jun 17, 2016 | $0.376 | OrdinaryDividend |
| Dec 18, 2015 | $0.315 | OrdinaryDividend |
| Dec 18, 2015 | $0.004 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.032 | CapitalGainLongTerm |
| Jun 19, 2015 | $0.366 | OrdinaryDividend |
| Dec 19, 2014 | $0.382 | OrdinaryDividend |
| Jun 20, 2014 | $0.561 | OrdinaryDividend |
| Dec 20, 2013 | $0.274 | OrdinaryDividend |
| Jun 21, 2013 | $0.420 | OrdinaryDividend |
| Dec 21, 2012 | $0.263 | OrdinaryDividend |
| Jun 15, 2012 | $0.301 | OrdinaryDividend |
| Dec 16, 2011 | $0.292 | OrdinaryDividend |
| Jun 17, 2011 | $0.418 | OrdinaryDividend |
| Dec 17, 2010 | $0.263 | OrdinaryDividend |
| Jun 18, 2010 | $0.320 | OrdinaryDividend |
| Dec 18, 2009 | $0.188 | OrdinaryDividend |
| Dec 19, 2008 | $0.643 | OrdinaryDividend |
| Dec 21, 2007 | $0.571 | OrdinaryDividend |
| Dec 21, 2007 | $0.087 | CapitalGainShortTerm |
SPDW - Fund Manager Analysis
Managers
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.
Kala O’Donnell
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
Kala O'Donnell is a Vice President at SSGA and is a senior portfolio manager in the firm's Global Equity Beta Solutions Group. She is responsible for managing both domestic and international equity index portfolios, including a variety of separate accounts, commingled funds, ETFs and alternative beta strategies. Additionally, Ms. O'Donnell has been involved in various research and process improvement projects, and has served as a hedging specialist within the Group. Prior to joining SSGA, Ms. O'Donnell worked in State Street Corporation's Mutual Funds division in the US, as well as in Canada and Germany. She has been in the investment management field since she joined SSGA in 1995. Ms. O'Donnell holds a BS degree in Accounting from Lehigh University and an MBA degree in International Business from Bentley College. She is member of the CFA Institute and the Boston Security Analysts Society.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.34 | 3.25 |
