CWI

SPDR MSCI ACWI ex-US ETF

The SPDR MSCI ACWI ex-US ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWIsm ex USA Index, an equity index based upon a broad based world ex-US composite market.


Rules-Based, Diverse

MANAGEMENT MATRIX

ACWX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorState Street Global Advisors
CategoryInternational Equities
Asset classEquity
Websitelink...
Inception dateJan 10, 2007
Assets (mns)$1,642
Expense ratio30 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR-SP ADR 2.5 %
NOVO NORDISK A/S-B 1.6 %
ASML HOLDING NV 1.4 %
TENCENT HOLDINGS LTD 1.1 %
SAMSUNG ELECTR-GDR REGS 1.1 %
NESTLE SA-REG 1.1 %
SHELL PLC 1.0 %
LVMH MOET HENNESSY LOUIS VUI 0.9 %
TOYOTA MOTOR CORP 0.9 %
ASTRAZENECA PLC 0.8 %
Constituent Breakdown
Number of holdings1122
Herfindahl-Hirschman Index 35
Wgt avg mkt cap (mns)$103,124
Large cap (>$10bn)88.8%
Mid cap ($2-10bn)10.8%
Small cap (<$2bn)0.1%
Developed mkts.74.1%
Emerging mkts.25.9%
Country Exposure
JAPAN 14.3 %
BRITAIN 8.8 %
FRANCE 7.4 %
CANADA 6.6 %
SWITZERLAND 6.3 %
CHINA 6.3 %
GERMANY 5.5 %
TAIWAN 4.9 %
INDIA 4.6 %
AUSTRALIA 4.3 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-0.8% 5.3% 5.2% -0.5% -3.7% -0.4% 0.7%
Market Correlations
versus...BetaR-squared
S&P 5000.8273%
MSCI EAFE0.9796%
MSCI Emg Mkts0.8781%
Liquidity Measures
Avg. volume (000)207
Turnover0.4%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$69,642
Technical Indicators
Recent close$29.17
30d moving avg.$25.86
Annualized volatility17.0%
Relative strength (RSI)66
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: CWI vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.3 9.1 1.3 3.2% --
Based on closing prices from 5/16/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CWI



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

CWI

8.2%

Cat. Avg

7.0%

Fund Category: International Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™8.2%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 256 funds in the International Equities category, with an average ALTAR Score™ of 7.0% and a standard deviation of 2.3%. CWI's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places CWI in the 70th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CWI
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CWI 30.0 4.1 34.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .