SPDR S&P Emerging Markets ex-China ETF (XCNY US)
XCNY US$32.48
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- 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
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
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
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
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
Displays the share of the fund held in each sector, sourced from Morningstar.
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
Displays the share of the fund held in each region, sourced from Morningstar.
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
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- 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
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Growth
Size score
305
Small
Mid
Large
Value-growth score
204
Value
Blend
Growth
Economic moat
Wide 59%Narrow 25%None 17%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- 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
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- 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
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| 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
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
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
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2025
20.2
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 20.15 | 16.99 | 87 / 751 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 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
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
74.7
Cash 0
Global shares 100
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
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.15% p.a.
- PDS dated
- 31 JAN 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- 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
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.8
2023
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.7540 |
| 2023 | 0.2577 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| 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
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
21.02
Negligible
Low
Medium
High
Severe
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
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- 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
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
9.54
Low
Medium
High
Severe
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
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Karl A. Schneider
- Thomas Coleman
- Kathleen Morgan
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- 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
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
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