ETF Evaluator: Stt Strt® SPDR® MSCI USA Gndr Divst ETF (SHE) Follow This ETF

Stt Strt® SPDR® MSCI USA Gndr Divst ETF Overview

Stt Strt® SPDR® MSCI USA Gndr Divst ETF (SHE) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2016.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI USA Gender Diversity Select Index that tracks U.S. large- and mid-cap companies exhibiting certain gender diversity and diversity management characteristics. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments.

About Stt Strt® SPDR® MSCI USA Gndr Divst ETF (SHE)

There are 3 members of the management team with an average tenure of 5.94 years: Amy Scofield (2022), Amy Cheng (2016) and Kathleen Morgan (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI USA Gender Diversity Select NR USD index with a weighting of 100%. Stt Strt® SPDR® MSCI USA Gndr Divst ETF has 234 securities in its portfolio. The top 10 holdings constitute 34.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

Stt Strt® SPDR® MSCI USA Gndr Divst ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Stt Strt® SPDR® MSCI USA Gndr Divst ETF has 1.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.2% There is 1.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Stt Strt® SPDR® MSCI USA Gndr Divst ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $324 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SHE Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Stt Strt® SPDR® MSCI USA Gndr Divst ETF expense ratio is below average compared to funds in the Large Blend category. Stt Strt® SPDR® MSCI USA Gndr Divst ETF has an expense ratio of 0.20%, which is 52% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Stt Strt® SPDR® MSCI USA Gndr Divst ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.

Recently, in the month of June 2026, Stt Strt® SPDR® MSCI USA Gndr Divst ETF returned -1.2%, which earned it a grade of D, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Stt Strt® SPDR® MSCI USA Gndr Divst ETF has a trailing yield of 1.08%, which is below the 1.12% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Stt Strt® SPDR® MSCI USA Gndr Divst ETF Grades

Year to date, the ETF has returned 17.8%, 7.5 percentage points better than the category, which translates into a grade of A. The fund has returned 25.4% over the past year (grade of A), 22.1% over the past three years (grade of A) and 10.2% per year over the past five years (grade of D) and 12.6% per year over the past 10 years (grade of D).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Stt Strt® SPDR® MSCI USA Gndr Divst ETF, including its riskiness, submit your email to unlock the rest of the article.