ETF Evaluator: State Street® SPDR® S&P® Em AsiaPac ETF () Follow This ETF

State Street® SPDR® S&P® Em AsiaPac ETF Overview

State Street® SPDR® S&P® Em AsiaPac ETF (GMF) is a passively managed International Equity Pacific/Asia ex-Japan Stk exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2007.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Emerging Asia Pacific BMI Index based upon the emerging markets of the Asia Pacific region. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on 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 Asian Pacific markets. The fund is non-diversified.

About State Street® SPDR® S&P® Em AsiaPac ETF (GMF)

There are 3 members of the management team with an average tenure of 7.19 years: Emiliano Rabinovich (2026), Teddy Wong (2017) and Karl Schneider (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and S&P Asia Pacific Emerging BMI NR USD index with a weighting of 100%. State Street® SPDR® S&P® Em AsiaPac ETF has 1310 securities in its portfolio. The top 10 holdings constitute 30.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

State Street® SPDR® S&P® Em AsiaPac ETF is part of the Equity global asset class and is within the International Equity ETF group. State Street® SPDR® S&P® Em AsiaPac ETF has 99.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5% There is 99.1% 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). State Street® SPDR® S&P® Em AsiaPac ETF has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $426 million in total assets, which is below the $1 billion average for the Pacific/Asia ex-Japan Stk 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.

GMF 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 State Street® SPDR® S&P® Em AsiaPac ETF expense ratio is average compared to funds in the Pacific/Asia ex-Japan Stk category. State Street® SPDR® S&P® Em AsiaPac ETF has an expense ratio of 0.49%, which is 14% 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. State Street® SPDR® S&P® Em AsiaPac ETF has a portfolio turnover rate of 6%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 36% for the Pacific/Asia ex-Japan Stk category.

Recently, in the month of July 2026, State Street® SPDR® S&P® Em AsiaPac ETF returned -2.8%, which earned it a grade of B, as the Pacific/Asia ex-Japan Stk category had an average return of -2.7%. 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.

State Street® SPDR® S&P® Em AsiaPac ETF has a trailing yield of 1.22%, which is below the 2.18% category average. The fund normally distributes its income semi-annually 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.

State Street® SPDR® S&P® Em AsiaPac ETF Grades

Year to date, the ETF has returned 9.4%, 11.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 19.5% over the past year (grade of F), 15.3% over the past three years (grade of D) and 6.4% per year over the past five years (grade of F) and 9.2% per year over the past 10 years (grade of C).

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