The State Street SPDR MSCI All Country World Investable Market UCITS ETF (IMID) is a global equity ETF managed by State Street Global Advisors. IMID is the ticker for the fund's U.S. dollar trading line on the London Stock Exchange.

The fund seeks to track the MSCI ACWI IMI Index, a benchmark comprising large-, mid-, and small-cap companies across developed and emerging markets. Its strategy therefore provides broad exposure to the global equity market through a single portfolio.

The MSCI ACWI IMI Index uses a free-float-adjusted market-capitalization-weighted methodology and covers approximately 99% of the global investable equity universe. By including companies across different market-cap segments, it provides broader exposure than global benchmarks limited to large- and mid-cap stocks.

Composition / Exposure Profile

IMID's portfolio covers thousands of companies across different sectors, including:

• Information technology.

• Financials.

• Industrials.

• Consumer discretionary.

• Health care.

• Communication services.

• Consumer staples.

• Materials.

• Energy.

• Utilities.

• Real estate.

Geographic exposure includes both developed and emerging markets. The United States represents a significant portion of the index because of the size of its equity market, while countries across Europe, Asia-Pacific, and other regions are also represented.

The inclusion of large-, mid-, and small-cap companies broadens the strategy's coverage of the global equity market. Small-cap stocks account for a smaller portion of the portfolio under its market-cap-weighted methodology but complement the exposure provided by larger companies.

Structure and Costs

The fund has the U.S. dollar as its base currency. On the London Stock Exchange, the accumulating share class trades in USD under IMID. The same share class trades under SPYI on Deutsche Börse and IMIE on Euronext Paris and Borsa Italiana.

The ETF operates under the UCITS framework and uses physical replication through optimized sampling to track its benchmark. IMID follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The State Street SPDR MSCI All Country World Investable Market UCITS ETF was launched in 2011 to provide broad exposure to the global equity market through a strategy covering both developed and emerging markets.

Since its launch, the fund has maintained a passive strategy linked to the MSCI ACWI IMI Index, combining large-, mid-, and small-cap companies within a single portfolio.

Throughout its history, IMID's performance has reflected movements across global equity markets, with the United States playing a significant role because of its weight in the index alongside contributions from companies across other developed and emerging markets.

Additional Information

State Street SPDR MSCI All Country World Investable Market UCITS ETF Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $6.20 billion.

Over the past 12 months, State Street SPDR MSCI All Country World Investable Market UCITS ETF Acc recorded a return of 16.58%, with its price trading between $11.20 and $305.55 during the same period.

The ETF is traded under the ticker IMID.