The State Street SPDR MSCI World UCITS ETF (Acc) (SWRD) 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 World Index, a benchmark composed of large- and mid-cap companies across developed markets.

SWRD provides broad equity exposure across developed markets, including companies in the United States, Europe, and Asia-Pacific. 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 World Index includes large- and mid-cap companies across developed markets and covers approximately 85% of the free float-adjusted market capitalization in each country. Despite its name, the MSCI World does not include emerging markets.

Composition / Exposure Profile

SWRD holds companies across a broad range of sectors in developed economies, including:

• Information technology.

• Financials.

• Industrials.

• Health care.

• Consumer discretionary.

• Communication services.

• Consumer staples.

• Energy.

• Materials.

• Utilities.

• Real estate.

Geographically, the fund provides exposure to developed markets such as the United States, Japan, the United Kingdom, Canada, France, Switzerland, Germany, Australia, and other countries.

Because the benchmark is weighted by market capitalization, larger companies and markets account for greater portions of the portfolio. The fund therefore provides diversified exposure to more than a thousand companies across developed markets, without including emerging-market equities.

Structure and Costs

SWRD trades in U.S. dollars on the London Stock Exchange. The same accumulating share class trades in British pounds on the LSE under the SWLD ticker and also has other international listings. Both the fund's base currency and share class currency are 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, is part of SSGA SPDR ETFs Europe I plc, and is managed by State Street Global Advisors Europe Limited.

SWRD is an accumulating share class, 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 World UCITS ETF (Acc) (SWRD) was launched in 2019 to provide broad exposure to large- and mid-cap companies across global developed markets.

Since its launch, the fund has maintained a passive strategy linked to the MSCI World Index, providing diversified exposure across different countries and sectors of developed economies.

Throughout its history, the fund's performance has reflected cycles across major developed equity markets and changes in the relative weight of countries, sectors, and individual companies within the MSCI World.

Additional Information

State Street SPDR MSCI World UCITS ETF (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $10.69 billion.

Over the past 12 months, State Street SPDR MSCI World UCITS ETF (Acc) recorded a return of 15.21%, with its price trading between $45.25 and $54.57 during the same period.

The ETF is traded under the ticker SWRD.