The SPDR Portfolio Developed World ex-US ETF (SPDW) is an exchange-traded fund designed to provide broad exposure to companies across developed markets outside the United States. The ETF is managed by State Street Global Advisors (SPDR) and trades under the ticker SPDW on the NYSE Arca.

Classified as an international developed markets ex-U.S. equity ETF, the fund seeks to reflect, before fees and expenses, the performance of the S&P Developed Ex-U.S. BMI Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes large-cap, mid-cap, and small-cap companies from developed countries outside the United States, including markets across Europe, Asia-Pacific, and Canada.

Diversification and sector exposure

SPDW provides exposure primarily associated with:

• Financials.
• Industrials.
• Healthcare.
• Consumer discretionary.
• Materials.
• International developed markets ex-U.S. equities.
• European and developed Asian markets.
• International large-cap, mid-cap, and small-cap equities.

The ETF’s performance is particularly sensitive to economic conditions in Europe, developed Asia, and Canada, alongside changes in international central-bank monetary policies.

Currency fluctuations, commodity-price movements, and differences in regional economic growth may directly affect the fund’s behavior. The ETF may also reflect developments associated with international trade, global industrial activity, and international capital flows.

Structure and costs

SPDW shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. SPDW may distribute income derived from dividends paid by companies held within the portfolio.

Because the ETF maintains international exposure without currency hedging, its performance may be affected by both foreign equity-market fluctuations and changes in foreign currencies relative to the U.S. dollar.

History and evolution of the ETF

The SPDR Portfolio Developed World ex-US ETF was launched in 2007 during a period marked by the expansion of international ETFs focused on geographic diversification outside the U.S. market.

Since inception, the fund has reflected movements associated with developed international markets, including changes in global monetary policies, currency fluctuations, and economic developments across Europe and the Asia-Pacific region.

In recent years, SPDW has reflected periods of global volatility, changes in international interest rates, commodity-price fluctuations, and developments associated with global economic recovery, inflation trends, and international trade.

Additional Information

SPDR Portfolio Developed World ex-US ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $40.97 billion.

Over the past 12 months, SPDR Portfolio Developed World ex-US ETF recorded a return of 20.88%, with its price trading between $42.01 and $52.31 during the same period.

The ETF is traded under the ticker SPDW.