ETF Evaluator:
State Street® SPDR® MSCI Wld StrtFcs ETF ()
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(as of Aug 26)
Best Performing in Global Large-Stock Blend Over the Last Year
| 48.9% | Sarmaya Thematic ETF (LENS) |
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| 30.2% | AXS Knowledge Leaders ETF (KNO) |
| 29.8% | First Eagle Global Equity ETF (FEGE) |
| 28.9% | Invesco Global Equity Net Zero ETF (IQSZ) |
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ETF Details
State Street® SPDR® MSCI Wld StrtFcs ETF Overview
State Street® SPDR® MSCI Wld StrtFcs ETF (QWLD) is a passively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2014.
The investment seeks to track the performance of the MSCI World Factor Mix A-Series Index.
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 captures large-and mid-cap representation across 23 developed countries and aims to represent the performance of value, low volatility, and quality factor strategies.
About State Street® SPDR® MSCI Wld StrtFcs ETF (QWLD)
There are 3 members of the management team with an average tenure of 5.83 years: Emiliano Rabinovich (2026), Juan Acevedo (2021) 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 MSCI World Factor Mix A-Sers(USD) NR USD index with a weighting of 100%. State Street® SPDR® MSCI Wld StrtFcs ETF has 1275 securities in its portfolio. The top 10 holdings constitute 17.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street® SPDR® MSCI Wld StrtFcs ETF is part of the Equity global asset class and is within the International Equity ETF group. State Street® SPDR® MSCI Wld StrtFcs ETF has 33.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 66.6% There is 33.3% 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® MSCI Wld StrtFcs ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $174 million in total assets, which is below the $2 billion average for the Global Large-Stock 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.
QWLD 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® MSCI Wld StrtFcs ETF expense ratio is below average compared to funds in the Global Large-Stock Blend category. State Street® SPDR® MSCI Wld StrtFcs ETF has an expense ratio of 0.30%, which is 39% 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® MSCI Wld StrtFcs ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, State Street® SPDR® MSCI Wld StrtFcs ETF returned 2.2%, which earned it a grade of A, as the Global Large-Stock 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.
State Street® SPDR® MSCI Wld StrtFcs ETF has a trailing yield of 1.79%, which is above the 1.66% category average.
The fund normally distributes its income semi-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® MSCI Wld StrtFcs ETF Grades
Year to date, the ETF has returned 9.1%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.1% over the past year (grade of D), 15.3% over the past three years (grade of D) and 10.0% per year over the past five years (grade of C) and 11.5% per year over the past 10 years (grade of D).
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QWLD Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QWLD Return (NAV) | 2.2% | 4.2% | 18.1% | 15.3% | 10.0% | 11.5% |
| QWLD Return (Price) | 2.3% | 4.3% | 18.6% | 15.3% | 10.0% | 11.6% |
| NAV +/- Price Return | -0.009% | -0.106% | -0.520% | -0.021% | -0.061% | -0.048% |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| QWLD Grade (NAV) | A | C | D | D | C | D |
| +/- Category (NAV) | 2.2% | 1.1% | -1.0% | 0.2% | 1.5% | 0.0% |
| QWLD Tax-Cost Ratio | na | na | 0.8% | 0.7% | 0.8% | 0.8% |
QWLD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QWLD Return (NAV) | 9.1% | 18.3% | 14.0% | 19.9% | -13.4% | 21.3% | 10.2% | 27.7% | -6.4% | 21.5% | 8.3% |
| QWLD Return (Price) | 9.4% | 17.9% | 14.5% | 19.6% | -13.3% | 21.6% | 10.2% | 27.6% | -7.0% | 22.4% | 7.7% |
| NAV +/- Price Ret | 0.036% | -0.023% | 0.035% | -0.016% | -0.007% | 0.012% | 0.001% | -0.5% | 9.5% | 4.2% | -7.6% |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| QWLD Grade (NAV) | D | D | D | C | B | B | F | C | B | F | B |
| +/- Category | -0.1% | -2.1% | 0.2% | 1.2% | 4.3% | 4.1% | -8.0% | 0.9% | 2.7% | -1.8% | 0.2% |
| Risk Measures | |
| Beta: | 0.73 |
| R-Squared: | 82% |
| Standard Deviation: | 10.2% |
| Category Risk Index: | 0.76 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.83 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.8% |
| Total Assets: | $ 174 Mil |
| Share Class Assets: | $ 174 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 0.30% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.5 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Schneider Karl (2015), Acevedo Juan (2021), Rabinovich Emiliano (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1275 |
| % in Top 10 Holdings: | 17.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.3% |
Portfolio Allocation |
|
| Domestic Stock: | 66.6% |
| Foreign Stock: | 33.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | June 4, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.49% |
