The State Street SPDR MSCI All Country World UCITS ETF (Acc) (ACWD) is an Ireland-domiciled equity ETF managed by State Street Global Advisors and traded in U.S. dollars on the London Stock Exchange.
The fund seeks to track the performance of the MSCI ACWI Index, a benchmark composed of large- and mid-cap companies across developed and emerging markets.
ACWD provides diversified exposure to global equity markets, holding companies across different regions, countries, and sectors. The ETF follows a passive investment strategy and uses optimized physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.
The MSCI ACWI Index covers 23 developed markets and 24 emerging markets and represents approximately 85% of the global investable equity opportunity set. Its methodology uses free float-adjusted market-capitalization weighting, giving larger companies greater weights within the index.
Composition / Exposure Profile
ACWD holds companies across a broad range of global economic sectors, including:
Information technology.
Financials.
Industrials.
Consumer discretionary.
Communication services.
Health care.
Consumer staples.
Energy.
Materials.
Utilities.
Real estate.
Geographically, the fund combines developed- and emerging-market exposure, including the United States, Japan, the United Kingdom, Canada, and countries across Europe and Asia, as well as emerging markets such as China, Taiwan, and India.
Because the benchmark is weighted by market capitalization, the portfolio's geographic and sector allocations evolve over time as the relative market values of its constituent companies change.
Structure and Costs
ACWD is the U.S. dollar trading ticker for the fund on the London Stock Exchange. The same share class also trades in British pounds on the LSE under the ticker ACWI, while other exchanges use different tickers. The share class currency is the U.S. dollar.
The ETF has a total expense ratio (TER) of 0.12% per year and uses optimized physical replication. It is domiciled in Ireland, operates under the UCITS framework, and is part of SSGA SPDR ETFs Europe I plc.
ACWD follows an accumulating income policy, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.
History and Evolution of the ETF
The State Street SPDR MSCI All Country World UCITS ETF (Acc) was launched in 2011 to provide broad exposure to developed and emerging equity markets through a single global strategy.
Since its launch, the fund has maintained a passive strategy linked to the MSCI ACWI Index, providing exposure to large- and mid-cap companies across different countries and sectors.
Throughout its history, the fund's performance has reflected global equity-market cycles and changes in the relative weights of countries, regions, and sectors within the global market capitalization.
Additional Information
State Street SPDR MSCI All Country World UCITS ETF Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $4.19 billion.
Over the past 12 months, State Street SPDR MSCI All Country World UCITS ETF Acc recorded a return of 16.44%, with its price trading between $275.16 and $333.30 during the same period.
The ETF is traded under the ticker ACWD.