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Trending ETFs

SPDR® MSCI ACWI EX-US ETF

ETF
CWI
Payout Change
Pending
Price as of:
$28.261 +0.01 +0.04%
primary theme
International Large-Cap Blend Equity
CWI (ETF)

SPDR® MSCI ACWI EX-US ETF

Payout Change
Pending
Price as of:
$28.261 +0.01 +0.04%
primary theme
International Large-Cap Blend Equity
CWI (ETF)

SPDR® MSCI ACWI EX-US ETF

Payout Change
Pending
Price as of:
$28.261 +0.01 +0.04%
primary theme
International Large-Cap Blend Equity

Name

As of 03/26/2024

Price

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

$28.26

$1.55 B

2.45%

$0.69

0.30%

Vitals

YTD Return

4.5%

1 yr return

16.3%

3 Yr Avg Return

1.9%

5 Yr Avg Return

6.3%

Net Assets

$1.55 B

Holdings in Top 10

13.1%

52 WEEK LOW AND HIGH

$28.3
$23.83
$28.41

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/26/2024

Price

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

$28.26

$1.55 B

2.45%

$0.69

0.30%

CWI - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.48%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SPDR® MSCI ACWI EX-US ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Jan 17, 2007
  • Shares Outstanding
    64699982
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI All Country World Index ex USA Index(the MSCI ACWI ex USA Index or 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 free float-adjusted market capitalization index that is designed to measure the combined equity market performance of large- and mid-cap securities in developed and emerging market countries excluding the United States. A company's free float-adjusted market capitalization is calculated by multiplying the number of shares readily available in the market by the price of such shares. The Index's composition is reviewed quarterly. All listed equity securities and listed securities that exhibit characteristics of equity securities, except mutual funds, ETFs, equity derivatives, limited partnerships and most investment trusts, are eligible for inclusion. As of November 30, 2023, a significant portion of the Fund comprised companies in the financial and consumer services sectors, although this may change from time to time. As of November 30, 2023, countries represented in the Fund included Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kuwait, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates and the United Kingdom. As of November 30, 2023, a significant portion of the Fund comprised companies located in Europe, although this may change from time to time. As of November 30, 2023, the Index comprised 2,321 securities.
The Index is sponsored by MSCI, Inc. (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.
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CWI - Performance

Return Ranking - Trailing

Period CWI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.4% 32.0% 63.20%
1 Yr 16.3% 0.7% 28.0% 54.34%
3 Yr 1.9%* -13.5% 48.7% 60.31%
5 Yr 6.3%* -33.8% 76.8% 62.99%
10 Yr 4.6%* -0.1% 16.8% 43.99%

* Annualized

Return Ranking - Calendar

Period CWI Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -7.3% 22.0% 61.21%
2022 -17.9% -43.6% 71.3% 44.53%
2021 6.0% -28.5% 18.9% 39.05%
2020 7.3% -90.1% 992.1% 55.35%
2019 18.1% -2.2% 38.8% 63.39%

Total Return Ranking - Trailing

Period CWI Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -1.4% 32.0% 63.20%
1 Yr 16.3% 0.7% 28.0% 54.34%
3 Yr 1.9%* -13.5% 48.7% 60.31%
5 Yr 6.3%* -33.8% 76.8% 62.99%
10 Yr 4.6%* -0.1% 16.8% 43.99%

* Annualized

Total Return Ranking - Calendar

Period CWI Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% 3.2% 41.4% 57.52%
2022 -15.4% -43.6% 144.8% 45.88%
2021 8.8% -22.6% 56.0% 65.70%
2020 9.8% -89.7% 1010.8% 50.79%
2019 21.9% 4.3% 38.8% 55.41%

CWI - Holdings

Concentration Analysis

CWI Category Low Category High CWI % Rank
Net Assets 1.55 B 1.97 M 366 B 30.04%
Number of Holdings 1306 1 10801 6.12%
Net Assets in Top 10 203 M 0 36.8 B 42.57%
Weighting of Top 10 13.10% 2.5% 111.6% 89.71%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 2.49%
  2. Taiwan Semiconductor Manufacturing Co Ltd 1.84%
  3. Novo Nordisk A/S 1.36%
  4. Nestle SA 1.30%
  5. ASML Holding NV 1.23%
  6. Samsung Electronics Co Ltd 1.22%
  7. Tencent Holdings Ltd 0.96%
  8. LVMH Moet Hennessy Louis Vuitton SE 0.92%
  9. Shell PLC 0.91%
  10. Roche Holding AG 0.87%

Asset Allocation

Weighting Return Low Return High CWI % Rank
Stocks
99.18% 0.00% 122.60% 14.29%
Cash
2.54% -22.43% 100.00% 33.09%
Preferred Stocks
0.30% -0.01% 7.60% 40.67%
Other
0.02% -2.97% 43.01% 30.90%
Convertible Bonds
0.00% 0.00% 4.18% 21.64%
Bonds
0.00% -0.68% 71.30% 30.03%

Stock Sector Breakdown

Weighting Return Low Return High CWI % Rank
Financial Services
19.87% 0.00% 47.75% 25.82%
Technology
12.15% 0.00% 36.32% 42.84%
Industrials
11.71% 5.17% 99.49% 79.40%
Consumer Cyclical
10.52% 0.00% 36.36% 42.39%
Healthcare
9.99% 0.00% 21.01% 72.09%
Consumer Defense
8.77% 0.00% 32.29% 59.40%
Basic Materials
8.74% 0.00% 23.86% 36.27%
Communication Services
6.87% 0.00% 21.69% 32.99%
Energy
5.97% 0.00% 16.89% 25.52%
Utilities
3.13% 0.00% 13.68% 41.49%
Real Estate
2.28% 0.00% 14.59% 44.93%

Stock Geographic Breakdown

Weighting Return Low Return High CWI % Rank
Non US
91.95% 0.00% 121.07% 43.88%
US
7.23% 0.00% 103.55% 44.46%

CWI - Expenses

Operational Fees

CWI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 18.22% 88.61%
Management Fee 0.30% 0.00% 1.65% 17.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

CWI 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

CWI 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.

CWI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 2.00% 247.00% 4.92%

CWI - Distributions

Dividend Yield Analysis

CWI Category Low Category High CWI % Rank
Dividend Yield 2.45% 0.00% 24.61% 31.49%

Dividend Distribution Analysis

CWI Category Low Category High Category Mod
Dividend Distribution Frequency None Annually SemiAnnual SemiAnnual

Net Income Ratio Analysis

CWI Category Low Category High CWI % Rank
Net Income Ratio 2.48% -0.93% 6.38% 17.76%

Capital Gain Distribution Analysis

CWI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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CWI - Fund Manager Analysis

Managers

Michael Feehily


Start Date

Tenure

Tenure Rank

Jan 31, 2011

11.34

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.

Michael Finocchi


Start Date

Tenure

Tenure Rank

Jan 03, 2017

5.41

5.4%

Michael Finocchi is a Principal of SSGA and a Portfolio Manager in the Global Equity Beta Solutions Group. Prior to assuming his current role in March 2012, Mr. Finocchi was a senior manager in Portfolio Administration responsible for the operations of funds managed by the Global Equity Beta Solutions Group. Before joining SSGA in 2005, he worked for Investors Bank & Trust as a senior tax analyst following his role in custody servicing BGI. Mr. Finocchi holds a Master of Business Administration with a concentration in Finance from Boston University’s Questrom School of Business as well as a Bachelor of Arts in History and Business Studies from Providence College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.22 3.25