SPDR S&P Emerging Markets ex-China ETF (XCNY US)
XCNY US$32.48
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Performance
Share price activity
- Last (Price)
- 32.48
- Change
- ▲ 0.36 (1.13)
- Bid / Ask
- 32.50 - 32.62
- Volume
- 854
- Turnover
- 19,360
- Open
- 32.61
- Day Range
- 32.61 - 32.61
- VWAP
- 32.32
- Prev Close
- 32.12
- Last Trade
- 28/10 9:30am
Fund profile
Fund size
$9.7M
OCT 2026
Distributions
Annually
Since inception
2.2 yrs
SEP 2024
- Legal name
- State Street® SPDR® S&P Emerging Markets ex-China ETF
- Issuer
- State Street Investment Management
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Diversified Emerging Mkts
- Category index
- MSCI EM NR USD
- Benchmark
- MSCI ACWI Ex USA NR USD
- ETF net assets
- $9.7M
- Units on issue
- 300,000
- Management fee
- 0.15% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 4 SEP 2024
- Listed
- 5 SEP 2024
- Index provider
- MSCI Inc.
Objective and strategy
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the S&P Emerging ex-China BMI. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the securities comprising the index. The index is a float-adjusted market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging markets, excluding China. The fund is non-diversified.
Asset allocation
US equity 0.73%Non-US equity 98.90%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.63 | 99.63 | 0.00 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 0.35 | 0.35 | 0.00 |
| Other | 0.02 | 0.02 | 0.00 |
Sector exposure
Cyclical 37.25%Sensitive 53.54%Defensive 9.21%
- Basic Materials
- 8.07%
- Consumer Cyclical
- 5.34%
- Financial Services
- 21.77%
- Real Estate
- 2.08%
- Communication Services
- 3.31%
- Energy
- 4.46%
- Industrials
- 7.22%
- Technology
- 38.55%
- Consumer Defensive
- 3.24%
- Healthcare
- 2.95%
- Utilities
- 3.02%
Region exposure
Developed markets 49.05%Emerging markets 50.95%
- North America
- 0.73%
- Latin America
- 11.97%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 3.46%
- Africa / Middle East
- 11.82%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 44.39%
- Asia Emerging
- 27.62%
Country exposure
- Taiwan
- 44.29%
- India
- 21.55%
- Other Countries
- 7.74%
- Brazil
- 7.19%
- South Africa
- 4.24%
- Mexico
- 2.97%
- Malaysia
- 2.30%
- Thailand
- 2.17%
- Poland
- 1.75%
- Indonesia
- 1.05%
- Turkey
- 0.93%
- United States
- 0.73%
Style box
- Style
- Large Growth
Size score
305
Value-growth score
204
Economic moat
Wide 59%Narrow 25%None 17%
Market capitalisation
- Giant
- 43.80%
- Large
- 32.46%
- Mid
- 18.13%
- Small
- 4.42%
- Micro
- 1.19%
Giant 44%Large 32%Mid 18%Small 4%Micro 1%
- Average market cap
- $44.25B
- Number of holdings
- 1,195
- Shares held
- 1,171
Portfolio statistics · 22 OCT 2026
- Price / earnings
- 18.08
- Price / book
- 2.65
- Price / sales
- 2.09
- Price / cash flow
- 12.86
- Dividend yield
- 2.30%
- Assets in top 10
- 29.43%
- Return on equity
- 24.28%
- Net margin
- 25.87%
- Earnings growth (3 yr)
- 12.21%
Top holdings · top 10 = 30.96% of assets
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd 2330 | 20.11 | OCT 2024 | 2.0M | TWD | 25,880 | Technology | Taiwan | |
| MediaTek Inc 2454 | 3.03 | OCT 2024 | 303,583 | TWD | 1,964 | Technology | Taiwan | |
| Delta Electronics Inc 2308 | 1.58 | OCT 2024 | 158,007 | TWD | 2,661 | Technology | Taiwan | |
| Hon Hai Precision Industry Co Ltd 2317 | 1.10 | OCT 2024 | 110,621 | TWD | 14,000 | Technology | Taiwan | |
| ASE Technology Holding Co Ltd 3711 | 1.10 | NOV 2025 | 110,432 | TWD | 5,000 | Technology | Taiwan | |
| Reliance Industries Ltd RELIANCE | 0.92 | OCT 2024 | 92,517 | INR | 7,469 | Energy | India | |
| HDFC Bank Ltd HDFCBANK | 0.91 | OCT 2024 | 91,343 | INR | 12,351 | Financial Services | India | |
| ICICI Bank Ltd ICICIBANK | 0.78 | OCT 2024 | 78,562 | INR | 5,696 | Financial Services | India | |
| Unimicron Technology Corp 3037 | 0.74 | OCT 2024 | 74,643 | TWD | 2,022 | Technology | Taiwan | |
| United Microelectronics Corp 2303 | 0.68 | OCT 2024 | 67,956 | TWD | 14,000 | Technology | Taiwan |
Trailing returns · 30 SEP 2026
Fund (NAV) Market price
1M
-0.4
3M
1.2
6M
21.3
YTD
20.4
1Y
26.5
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -0.40 | 0.49 | -0.38 | 37 / 742 |
| 3 months | 1.22 | 0.02 | 1.26 | 20 / 739 |
| 6 months | 21.33 | 18.16 | 21.44 | 37 / 735 |
| Year to date | 20.40 | 21.06 | 20.57 | 64 / 731 |
| 1 year | 26.52 | 26.73 | 26.76 | 62 / 724 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Total Capital
2025
20.2
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 20.15 | 16.99 | 87 / 751 |
Risk statistics · 30 SEP 2026
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 4.17 | — | — | — |
| Beta | 1.10 | — | — | — |
| R-squared | 93.62 | — | — | — |
| Standard deviation | 20.22 | — | — | — |
| Sharpe ratio | 1.08 | — | — | — |
| Sortino ratio | 1.86 | — | — | — |
| Tracking error | 5.42 | — | — | — |
| Information ratio | 1.20 | — | — | — |
| Upside capture % | 114.64 | — | — | — |
| Downside capture % | 95.75 | — | — | — |
| Maximum drawdown % | -10.96 | — | — | — |
Measured against MSCI ACWI Ex USA NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Risk score
74.7
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 1.508
- Est. holding cost %
- 1.214
- Market impact cost %
- 1.544
- Best quarter
- 14.46% · FEB 2026
- Worst quarter
- -5.80% · DEC 2024
Fees and costs
- Management fees and costs
- 0.15% p.a.
- PDS dated
- 31 JAN 2026
Distributions
- Latest distribution
- 0.2763
- Ex Date
- 22 JUN 2026
- Record Date
- 22 JUN 2026
- Pay Date
- 26 JUN 2026
- NAV at ex date
- 34.05
- Paid this year
- 0.2763
Distributions by year
2024
0.8
2023
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.7540 |
| 2023 | 0.2577 |
Distribution history
| Ex Date | Per unit ($) |
|---|---|
| 22 JUN 2026 | 0.2763 |
| 22 DEC 2025 | 0.4693 |
| 23 JUN 2025 | 0.2847 |
| 23 DEC 2024 | 0.2577 |
Sustainability rating · 31 AUG 2026
Below Average
ESG risk score
21.02
Category average 20.31
- Rank in category
- 77th percentile of 1,774 funds
- Environmental risk
- 5.98
- Social risk
- 6.22
- Governance risk
- 5.26
- Portfolio covered
- 96.8%
ESG risk of holdings
- Negligible
- 0.41%
- Low
- 55.08%
- Medium
- 30.98%
- High
- 10.04%
- Severe
- 3.49%
1.41% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Carbon risk score
9.54
Category average 8.92
- Carbon risk
- Low Risk
- Rank in category
- 84th percentile of 817 funds
- Fossil fuel involvement
- 8.92%
- Category average
- 7.28%
- Low Carbon Designation
- No
- Portfolio covered
- 95.8%
Fund managers
- Karl A. Schneider
- Thomas Coleman
- Kathleen Morgan
Tenure
- Number of managers
- 3
- Average tenure
- 1.6 years
- Longest tenure
- 2.1 years
- Longest serving
- Thomas Coleman, Kathleen Morgan · since 4 SEP 2024
- Most recent appointment
- Karl A. Schneider · since 31 JAN 2026
- Managed since
- 4 SEP 2024
- Other funds managed
- 138
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