GMF
SPDR S&P Emerging Asia Pacific ETF
SPDR S&P Emerging Asia Pacific ETF objective is to replicate the performance of the S&P Asia Pacific Emerging BMI Index, which includes companies in an emerging market in the Asia Pacific Emer
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 366.0 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Mar 19, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 12.4 % |
| TENCENT HOLDINGS LTD | 4.7 % |
| ALIBABA GROUP HOLDING LTD. | 3.6 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.2 % |
| RELIANCE INDS-SPONS GDR 144A | 1.2 % |
| CHINA CONSTRUCTION BANK-H | 1.2 % |
| HDFC BANK LIMITED | 1.2 % |
| MEDIATEK INC | 1.2 % |
| HON HAI PRECISION INDUSTRY | 1.1 % |
| DELTA ELECTRONICS INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 866 |
| Herfindahl-Hirschman Index | 223 |
| Wgt avg mkt cap (mns) | $295,454 |
| Large cap (>$10bn) | 63.3% |
| Mid cap ($2-10bn) | 16.6% |
| Small cap (<$2bn) | 4.4% |
| Developed mkts. | 2.6% |
| Emerging mkts. | 85.7% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 31.1 % |
 |
CHINA | 29.0 % |
 |
INDIA | 19.9 % |
 |
MALAYSIA | 2.6 % |
 |
HONG KONG | 2.6 % |
 |
THAILAND | 1.6 % |
 |
INDONESIA | 1.3 % |
 |
PHILIPPINES | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.1% | 29.3% | 20.7% | 15.0% | 1.8% | 8.2% | -- | 4.7% |
| Dividend Yield | 0.0% | 2.1% | 2.1% | 2.4% | 2.4% | 2.3% | -- | 2.4% |
| Total Returns | 7.1% | 31.3% | 22.8% | 17.5% | 4.2% | 10.5% | -- | 7.1% | Ann. Volatility | 17.0% | 17.9% | 17.2% | 16.4% | 18.4% | 19.1% | -- | 24.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 55% |
| MSCI EAFE | 0.85 | 61% |
| MSCI Emg Mkts | 0.96 | 94% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $142.95 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -2.09/-1.21 |
| Bollinger Bands (Upper/Lower) | $152.93/$134.55 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GMF |
Expenses vs. GMF |
ALTAR Score™ vs. GMF |
|---|---|---|---|---|
| SPEM | SPDR Portfolio Emerging Markets ETF | 49.7% | -42 bp | +0.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 47.9% | 0 bp | -0.7% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 47.0% | -30 bp | -1.4% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 45.4% | 0 bp | -1.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 44.9% | +21 bp | -1.4% |
| VWO | Vanguard FTSE Emerging Markets ETF | 43.9% | -42 bp | +0.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 42.9% | -34 bp | -0.6% |
| AVEM | Avantis Emerging Markets Equity ETF | 42.2% | -16 bp | -1.8% |
| SCHE | Schwab Emerging Markets Equity ETF | 42.1% | -38 bp | +0.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 41.7% | +17 bp | -1.4% |
Risk and Returns: GMF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 | --% |
Based on closing prices from 3/25/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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 Rating
10.5%
ALTAR SCORE™
83rd
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 193 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.2% and a standard deviation
of 2.4%. GMF's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places GMF in the 83rd percentile
among funds in the category.
Sell-Side Consensus
$181.2
PRICE TARGET
+33.7%
UPSIDE