ETF Evaluator: State Street® SPDR® Portfolio Europe ETF () Follow This ETF

State Street® SPDR® Portfolio Europe ETF Overview

State Street® SPDR® Portfolio Europe ETF (SPEU) is a passively managed International Equity Europe Stock exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2002.

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the STOXX® Europe Total Market Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. The index is a free-float market capitalization weighted index designed to provide a broad representation of publicly traded Western European companies.

About State Street® SPDR® Portfolio Europe ETF (SPEU)

There are 3 members of the management team with an average tenure of 7.19 years: Emiliano Rabinovich (2026), Mark Krivitsky (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 STOXX Europe TMI NR USD index with a weighting of 100%. State Street® SPDR® Portfolio Europe ETF has 1688 securities in its portfolio. The top 10 holdings constitute 18.3% 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® Portfolio Europe ETF is part of the Equity global asset class and is within the International Equity ETF group. State Street® SPDR® Portfolio Europe ETF has 98.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.3% There is 98.3% 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® Portfolio Europe ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $727 million in total assets, which is below the $2 billion average for the Europe Stock 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.

SPEU 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® Portfolio Europe ETF expense ratio is low compared to funds in the Europe Stock category. State Street® SPDR® Portfolio Europe ETF has an expense ratio of 0.07%, which is 84% lower than its category average, making the fund expense ratio grade a A. 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® Portfolio Europe ETF has a portfolio turnover rate of 5%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 30% for the Europe Stock category.

Recently, in the month of July 2026, State Street® SPDR® Portfolio Europe ETF returned 2.0%, which earned it a grade of C, as the Europe Stock category had an average return of 2.1%. 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® Portfolio Europe ETF has a trailing yield of 3.37%, which is above the 2.65% 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.

State Street® SPDR® Portfolio Europe ETF Grades

Year to date, the ETF has returned 9.4%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.0% over the past year (grade of D), 15.9% over the past three years (grade of D) and 9.1% per year over the past five years (grade of D) and 9.7% per year over the past 10 years (grade of D).

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