SPDR® Portfolio Developed World ex-US ETF

Shareclass

SPDR® Portfolio Developed Wld ex-US ETF (SPDW)

Type

Exchange-traded fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

14%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

14%

of assets flagged

This fund contains

$4.46 BILLION invested

in holdings flagged for deforestation risk

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Commodity producers

20 holdings

1.39% of assets

$440.91 MILLION invested

Banks and lenders

18 holdings

5.82% of assets

$1.85 BILLION invested

Major consumer brands

64 holdings

7.31% of assets

$2.33 BILLION invested

Commodity producers

20 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

20 HOLDINGS

% of portfolio
$ invested
1. Mitsubishi Corp
0.37%0.37% of portfolio
$117.7M$117.7M invested
2. ITOCHU Corp
0.29%0.29% of portfolio
$91.21M$91.21M invested
3. Marubeni Corp
0.18%0.18% of portfolio
$56.22M$56.22M invested
4. Glencore PLC
0.18%0.18% of portfolio
$55.84M$55.84M invested
5. POSCO Holdings Inc ADR
0.07%0.07% of portfolio
$21.26M$21.26M invested

View next 5

Banks and lenders

18 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

18 HOLDINGS

% of portfolio
$ invested
1. HSBC Holdings PLC
0.84%0.84% of portfolio
$266.29M$266.29M invested
2. Commonwealth Bank of Australia
0.65%0.65% of portfolio
$205.47M$205.47M invested
3. Mitsubishi UFJ Financial Group Inc
0.64%0.64% of portfolio
$205.12M$205.12M invested
4. Banco Bilbao Vizcaya Argentaria SA
0.41%0.41% of portfolio
$130.4M$130.4M invested
5. Sumitomo Mitsui Financial Group Inc
0.37%0.37% of portfolio
$116.65M$116.65M invested

View next 5

Major consumer brands

64 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

64 HOLDINGS

% of portfolio
$ invested
1. Nestle SA
0.87%0.87% of portfolio
$276.64M$276.64M invested
2. Shell PLC
0.76%0.76% of portfolio
$241.97M$241.97M invested
3. Lvmh Moet Hennessy Louis Vuitton SE
0.61%0.61% of portfolio
$194.64M$194.64M invested
4. Unilever PLC
0.53%0.53% of portfolio
$168.52M$168.52M invested
5. Mitsubishi Corp
0.37%0.37% of portfolio
$117.7M$117.7M invested

View next 5

View more info

DATA AS OF 31 Oct 2025

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Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

SPDR® Portfolio Developed World ex-US ETF SPDW

Environment

Fossil fuels

Coal/oil/gas energy, fossil-fired utilities, related financial companies

Deforestation

Deforestation-risk agriculture, related financial companies, consumer brands

Social

Gender equality

Gender equality scorecard group ranking

Diversity disclosures

Diversity disclosures scorecard group ranking

N/A

Racial justice

Racial justice scorecard group ranking

N/A

LGBTQ+ equity

LGBTQ+ equity scorecard group ranking

N/A

Civilian firearms

Civilian firearms manufacturers, related gun retailers

Prison industrial complex

Prisons and borders industry, including private prison operators

Military weapons

Military arms manufacturers, including nuclear weapons, controversial weapons

Tobacco

Tobacco companies, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on SPDW at Morningstar.com

Current fund

SPDW

SPDR® Portfolio Developed World ex-US ETF

Family

SPDR State Street Investment Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.37% more in annualized returns

More invested in commodity producers

0.17% more invested

Less invested in banks and lenders

0.07% less invested

More invested in major consumer brands

0.88% more invested

Current fund

SPDW

SPDR® Portfolio Developed World ex-US ETF

Family

SPDR State Street Investment Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.37% more in annualized returns

More invested in commodity producers

0.17% more invested

Less invested in banks and lenders

0.07% less invested

More invested in major consumer brands

0.88% more invested

Current fund

SPDW

SPDR® Portfolio Developed World ex-US ETF

Family

SPDR State Street Investment Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.37% more in annualized returns

More invested in commodity producers

0.17% more invested

Less invested in banks and lenders

0.07% less invested

More invested in major consumer brands

0.88% more invested

Month-end trailing returns

Performance as of date: 10/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
SPDW - SPDR® Portfolio Developed World ex-US ETF

26%

20%

12%

7.91%

1.39%

Benchmark

25%

20%

11%

7.54%

1.21%

Fund compared to benchmark

0.89%

0.09%

1.35%

0.37%

0.17% higher

Find more financial data on SPDW at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

CHECK FOR FOSSIL FUELS

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