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SPDR® Portfolio MSCI Global Stock Market ETF

ETF
SPGM
Payout Change
Pending
Price as of:
$57.0897 -0.18 -0.31%
primary theme
N/A
SPGM (ETF)

SPDR® Portfolio MSCI Global Stock Market ETF

Payout Change
Pending
Price as of:
$57.0897 -0.18 -0.31%
primary theme
N/A
SPGM (ETF)

SPDR® Portfolio MSCI Global Stock Market ETF

Payout Change
Pending
Price as of:
$57.0897 -0.18 -0.31%
primary theme
N/A

Name

As of 04/17/2024

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

SPDR® Portfolio MSCI Global Stock Market ETF

SPGM | ETF

$57.09

$747 M

1.98%

$1.13

0.09%

Vitals

YTD Return

3.2%

1 yr return

15.2%

3 Yr Avg Return

3.7%

5 Yr Avg Return

9.5%

Net Assets

$747 M

Holdings in Top 10

17.7%

52 WEEK LOW AND HIGH

$57.3
$48.07
$59.68

Expenses

OPERATING FEES

Expense Ratio 0.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 3.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/17/2024

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

SPDR® Portfolio MSCI Global Stock Market ETF

SPGM | ETF

$57.09

$747 M

1.98%

$1.13

0.09%

SPGM - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SPDR® Portfolio MSCI Global Stock Market ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Feb 27, 2012
  • Shares Outstanding
    9300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI ACWI IMI 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 free float-adjusted market capitalization-weighted index that is designed to measure the combined equity market performance of developed and emerging markets. The Index covers approximately 99% of the global equity markets. To be eligible for inclusion in the Index, a security and its issuing company must meet certain size and capitalization requirements. In particular: (i) a company must have a full market capitalization within the range of the top 99% of the developed market equity universe, based on free float-adjusted market capitalization (for emerging market companies, the required full market capitalization is set at one half the corresponding level for developed market companies); and (ii) a security must have a free float-adjusted market capitalization equal to or greater than 50% of the smallest company identified above. 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. In addition, the following liquidity requirements must be met: (i) developed market securities must have a three-month and twelve-month Annualized Traded Value Ratio (“ATVR”) of at least 20% and a three-month frequency of trading of at least 90% (ATVR is a measure of a security's trading volume divided by its float-adjusted market capitalization) and (ii) emerging market securities must have a three-month and twelve-month ATVR of at least 15% and a three-month frequency of trading of at least 80%. Mutual funds, ETFs, equity derivatives, limited partnerships, and most investment trusts are not eligible for inclusion in the Index. The composition of the Index is fully reviewed on a quarterly basis. As of November 30, 2023, a significant portion of the Fund comprised companies in the technology and financial 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, Denmark, Finland, France, Germany, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Mexico, the Netherlands, Norway, Pakistan, the Philippines, Poland, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom and the United States. As of November 30, 2023, a significant portion of the Fund comprised companies located in the United States, although this may change from time to time. As of November 30, 2023, the Index comprised 9,182 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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SPGM - Performance

Return Ranking - Trailing

Period SPGM Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -35.6% 29.2% 19.02%
1 Yr 15.2% 17.3% 252.4% 38.98%
3 Yr 3.7%* -3.5% 34.6% 43.07%
5 Yr 9.5%* 0.1% 32.7% 40.00%
10 Yr 8.5%* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period SPGM Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -24.3% 957.1% 48.82%
2022 -19.4% -38.3% 47.1% 99.87%
2021 18.7% -54.2% 0.6% 25.30%
2020 13.5% -76.0% 54.1% 42.61%
2019 23.3% -26.1% 47.8% 13.56%

Total Return Ranking - Trailing

Period SPGM Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -35.6% 29.2% 13.42%
1 Yr 15.2% 11.4% 252.4% 35.57%
3 Yr 3.7%* -3.5% 34.6% 40.27%
5 Yr 9.5%* 0.1% 32.7% 38.52%
10 Yr 8.5%* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period SPGM Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -24.3% 957.1% 48.82%
2022 -17.5% -33.1% 47.1% 38.94%
2021 21.1% -44.4% 1.8% 45.63%
2020 15.3% -6.5% 54.1% 62.52%
2019 26.6% -14.4% 47.8% 25.04%

SPGM - Holdings

Concentration Analysis

SPGM Category Low Category High SPGM % Rank
Net Assets 747 M 199 K 133 B 48.90%
Number of Holdings 2693 1 9075 0.99%
Net Assets in Top 10 120 M -18 M 37.6 B 58.81%
Weighting of Top 10 17.69% 9.1% 100.0% 95.77%

Top 10 Holdings

  1. Apple Inc 3.95%
  2. Microsoft Corp 3.52%
  3. State Street Navigator Securities Lending Government Money Market Portfolio 1.97%
  4. Amazon.com Inc 1.85%
  5. NVIDIA Corp 1.55%
  6. Meta Platforms Inc 1.07%
  7. Alphabet Inc 1.06%
  8. Alphabet Inc 1.04%
  9. Tesla Inc 0.90%
  10. JPMorgan Chase Co 0.77%

Asset Allocation

Weighting Return Low Return High SPGM % Rank
Stocks 		99.34% 61.84% 125.47% 14.54%
Cash 		2.17% -174.70% 23.12% 83.70%
Preferred Stocks 		0.14% -0.01% 5.28% 46.81%
Other 		0.02% -13.98% 19.14% 20.15%
Convertible Bonds 		0.00% 0.00% 4.46% 40.75%
Bonds 		0.00% -1.50% 161.67% 43.50%

Stock Sector Breakdown

Weighting Return Low Return High SPGM % Rank
Technology 		19.44% 0.00% 49.87% 57.60%
Financial Services 		14.93% 0.00% 38.42% 45.04%
Healthcare 		12.75% 0.00% 35.42% 63.11%
Industrials 		11.54% 0.00% 44.06% 32.05%
Consumer Cyclical 		10.45% 0.00% 40.94% 51.98%
Communication Services 		7.77% 0.00% 57.66% 50.66%
Consumer Defense 		7.30% 0.00% 73.28% 55.18%
Energy 		5.32% 0.00% 21.15% 22.36%
Basic Materials 		4.81% 0.00% 38.60% 37.22%
Real Estate 		3.43% 0.00% 39.48% 19.38%
Utilities 		2.25% 0.00% 29.12% 48.57%

Stock Geographic Breakdown

Weighting Return Low Return High SPGM % Rank
US 		64.28% 0.13% 103.82% 44.60%
Non US 		35.06% 0.58% 99.46% 45.59%

SPGM - Expenses

Operational Fees

SPGM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.01% 44.27% 98.52%
Management Fee 0.09% 0.00% 1.82% 4.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

SPGM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SPGM 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.

SPGM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 3.00% 0.00% 395.00% 1.61%

SPGM - Distributions

Dividend Yield Analysis

SPGM Category Low Category High SPGM % Rank
Dividend Yield 1.98% 0.00% 3.26% 3.61%

Dividend Distribution Analysis

SPGM Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annually Annually

Net Income Ratio Analysis

SPGM Category Low Category High SPGM % Rank
Net Income Ratio 2.05% -4.27% 12.65% 11.93%

Capital Gain Distribution Analysis

SPGM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SPGM - Fund Manager Analysis

Managers

Michael Feehily

Start Date

Tenure

Tenure Rank

Feb 27, 2012

10.26

10.3%

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.

Keith Richardson

Start Date

Tenure

Tenure Rank

Jan 31, 2019

3.33

3.3%

Keith is a Vice President at State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions (GEBS) team. He currently manages a variety of passive US and international equity funds including an assortment of ETFs, sub-advised mutual funds, and separately managed portfolios.In addition, Keith writes a Real Estate Market Commentary for the firm each quarter. Prior to his current role, Keith spent 9 years as a Portfolio Manager in the Direct Implementation group where he managed both US active quantitative strategies and passive global REITs.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25

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