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Home   »   ETFs : SPDR® MSCI EM Beyond BRIC ETF (EMBB)
EMBB

SPDR® MSCI EM Beyond BRIC ETF

Fund Objective

The SPDR® MSCI EM Beyond BRIC ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EM Beyond BRIC Index.

Ordinary brokerage commissions may apply.

Fund Information

As of 04/24/2014
Ticker SymbolEMBB
Primary BenchmarkMSCI EM Beyond BRIC Index
CUSIP78463X442
Short Selling AllowedYes
Options AvailableNo
Gross Expense Ratio0.55%
Inception Date12/04/2013
Investment ManagerSSgA Funds Management, Inc.
Management TeamETF Management Team
DistributorState Street Global Markets, LLC
Distribution FrequencySemi-Annually
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 04/22/2014
Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield is the weighted average of the underlyings’ indicated annual dividend divided by price, expressed as a percentage.

0.16%
Earnings Growth 5 Year

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

13.93%
FY 1 P/E Ratio

FY 1 P/E Ratio

Closing price divided by the sum of the forecasted fiscal year earnings per share.

13.78
Number of Holdings272
Price/Book Ratio

Price/Book Ratio

Current market price of the stock divided by the most recent reported book value for the prior fiscal year.

1.90
Weighted Average Market Cap$25,222.02 M

30 DAY SEC YIELD

As of 04/22/2014
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

1.75%

Index Characteristics

As of 01/31/2014
Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Index Dividend Yield is the weighted average of the underlyings’ indicated annual dividend divided by price, expressed as a percentage.

2.51%
Earnings Growth 3 Year

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

10.45%
FY 1 P/E Ratio

FY 1 P/E Ratio

Closing price divided by the sum of the forecasted fiscal year earnings per share.

13.22
Number of Holdings516
Price/Cash Flow

Price/Cash Flow

The weighted average of current share price divided by operating cash flow per share for each security in the fund.

8.68
Price/Earnings

Price/Earnings

The weighted average of current share price divided by the income earned per share for each security in the fund.

13.78
Return On Equity

Return on Equity

The weighted average of the rate of return for each security in the fund.  ROE is a measure of how well a company used reinvested earnings to generate additional earnings.

16.44%

Fund Documents

Fund Market Price

As of 04/22/2014
Bid/Ask$62.55
Closing PriceN/A
Day HighN/A
Day LowN/A
Exchange Volume (shares)N/A
Premium/Discount-0.23%
Premium Discount to Nav Chart

Fund Net Asset Value

NAV

Market value of a mutual fund’s and ETF’s total assets, minus liabilities, divided by the number of shares outstanding

As of 04/22/2014
Price$62.69
Shares Outstanding50,000
Total Net Assets$3.13 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 04/23/2014
Net Cash Amount$8,415.16

Index Statistics

As of 01/31/2014
Weighted Average Market Cap$15,905.10 M
Average Size
MeanN/A M
MedianN/A M
Size Range
LargestN/A M
SmallestN/A M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and relatively easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

Performance Graphs

Month End as of 03/31/2014

Fund Inception Date: 12/04/2013

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; MSCI EM Beyond BRIC ETF"><funds><field>1 Month</field><fund>4.02</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>1.84</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>1.84</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.77</fund><index></index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 03/31/2014

Fund Inception Date: 12/04/2013

Index Inception Date: 09/05/2013

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; MSCI EM Beyond BRIC ETF" bmarkName="MSCI EM Beyond BRIC Index"><funds><field>1 Month</field><fund>4.02</fund><index>3.89</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>1.84</fund><index>2.26</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>1.84</fund><index>2.26</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund></fund><index>N/A</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>N/A</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>N/A</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>N/A</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>2.77</fund><index>3.20</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings
Subject to change.

As of 04/22/2014
NameWeightShares Held
Samsung Electronics Co. Ltd. GDR RegS3.51%166
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR3.20%4,851
America Movil SAB de CV Class L2.15%68,042
Naspers Limited Class N2.14%644
MTN Group Limited1.83%2,745
Sasol Limited1.55%869
Fomento Economico Mexicano SAB de CV Units Cons. Of 1 ShsB And 4 ShsD1.19%3,982
Grupo Televisa S.A.B Unit Class A1.12%5,374
Hon Hai Precision Industry Co. Ltd. Sponsored GDR RegS1.10%5,972
Grupo Financiero Banorte SAB de CV Class O1.03%4,878
Download All Holdings XLS

Index Top Holdings

As of 02/28/2014
NameWeight
Samsung Electronics Co. Ltd.3.51%
Taiwan Semiconductor Manufacturing Co. Ltd.3.21%
Naspers Limited Class N2.65%
America Movil SAB de CV Class L2.34%
MTN Group Limited1.71%
Sasol Limited1.54%
Fomento Economico Mexicano SAB de CV Units Cons. Of 1 ShsB And 4 ShsD1.12%
Hon Hai Precision Industry Co. Ltd.1.12%
Grupo Financiero Banorte SAB de CV Class O1.05%
Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB0.99%

Fund Sector Allocation

As of 04/22/2014
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>04/22/2014</asOfDate><attributes><attribute><rawValue>27.46</rawValue><value>27.46%</value><label>Financials</label><order>1</order></attribute><attribute><rawValue>14.34</rawValue><value>14.34%</value><label>Information Technology</label><order>2</order></attribute><attribute><rawValue>10.56</rawValue><value>10.56%</value><label>Materials</label><order>3</order></attribute><attribute><rawValue>10.53</rawValue><value>10.53%</value><label>Consumer Discretionary</label><order>4</order></attribute><attribute><rawValue>9.27</rawValue><value>9.27%</value><label>Consumer Staples</label><order>5</order></attribute><attribute><rawValue>8.85</rawValue><value>8.85%</value><label>Telecommunication Services</label><order>6</order></attribute><attribute><rawValue>6.92</rawValue><value>6.92%</value><label>Industrials</label><order>7</order></attribute><attribute><rawValue>5.81</rawValue><value>5.81%</value><label>Energy</label><order>8</order></attribute><attribute><rawValue>4.55</rawValue><value>4.55%</value><label>Utilities</label><order>9</order></attribute><attribute><rawValue>1.72</rawValue><value>1.72%</value><label>Health Care</label><order>10</order></attribute></attributes><code>FUND_SECTOR_ALLOCATION</code></component>

Fund Country Weights

As of 04/22/2014
Taiwan15.65%
South Africa15.09%
South Korea14.68%
Mexico12.14%
Malaysia9.40%
Indonesia6.68%
Thailand5.38%
Poland4.11%
Turkey4.05%
Chile3.78%
Colombia2.62%
Philippines2.37%
Greece1.27%
Peru1.05%
Czech Republic0.78%
Hungary0.67%
Egypt0.28%

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Unless otherwise noted all information contained herein is that of the SPDR MSCI EM Beyond BRIC ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

THIS FINANCIAL PRODUCT IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY [LICENSEE]. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FINANCIAL PRODUCTS GENERALLY OR IN THIS FINANCIAL PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS FINANCIAL PRODUCT OR THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS FINANCIAL PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS FINANCIAL PRODUCT IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THIS FINANCIAL PRODUCT OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS FINANCIAL PRODUCT. ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE FINANCIAL PRODUCT, OWNERS OF THE FINANCIAL PRODUCT, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARITES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

ETF Management Team

Co-Head of Passive Equity Strategies John Tucker Senior Managing Director Show Bio

John is a Senior Managing Director of State Street Global Advisors and Co-Head of Passive Equity Strategies in North America. John is responsible for overseeing the management of all equity index strategies and Exchange Traded Funds managed in North America. He is a member of the Senior Leadership Team. Previously, John was head of the Structured Products group in SSgA's London office, where he was responsible for the management of all index strategies in our second largest investment center.

John received a BA from Trinity College and an MS in Finance from Boston College. He has also earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society and the CFA Institute. In addition, John is a member of The Russell Index Client Advisory Board and The S&P U.S. Index Advisory Panel. He joined State Street in 1988.

Senior Portfolio Manager David Chin Vice President Show Bio

David is a Vice President and Senior Portfolio Manager in the Global Equity Beta Solutions team at State Street Global Advisors. He is responsible for managing both U.S. and International funds. Prior to joining SSgA in 1999, David was a product analyst in the Analytical Services Group at Frank Russell Company. Before this, he worked at OneSource Information Systems developing investment software. Preceding this, he was affiliated with PanAgora Asset Management in the Research and Development group creating quantitative investment models for international equities. David has been working in the investment management field since 1992.

David holds a BS in Management Information Systems from the University of Massachusetts/Boston and an MBA from the University of Arizona.

Senior Portfolio Manager Dwayne Hancock Vice President Show Bio

Dwayne is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the firm's Global Equity Beta Solutions (GEBS) team. Within this group, he is currently the strategy leader for their non-US passive products. Prior to taking on this responsibility, Dwayne was the ETF product specialist for the GEBS group. He is also a member of the SSgA Valuation Committee. Dwayne currently manages a varied mix of funds spanning both regions, US, developed and emerging and fund structures which include separate accounts, commingled funds, mutual funds and ETFs. Additionally, he has played a primary role in determining trading strategies for significant benchmark changes such as the annual Russell reconstitution.

Dwayne joined SSgA in 1996 and became part of the GEBS portfolio management team in 1998. Prior to this, he worked in the firm's Passive International Equity Operations department as a Senior Analyst. He has been working in the investment management field since 1994.

Dwayne holds an MBA from Boston College and a BS in Business Administration from Framingham State College. He also earned the Chartered Financial Analyst Designation and is a member of the Boston Security Analysts Society.

Head of US Equity Strategies Karl A. Schneider Vice President Show Bio

Karl is a Vice President of State Street Global Advisors and Head of US Equity Strategies for the Global Equity Beta Solutions (GEBS) team, where in addition to overseeing the management of the US equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Karl is also a member of the SSgA Derivatives Committee.

Prior to joining the Global Equity Beta Solutions, Karl worked as a portfolio manager in SSgA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined State Street in 1996.

Karl holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

Co-Head of Passive Equity Strategies Michael J. Feehily Managing Director Show Bio

Mike is a Senior Managing Director and Co-Head of Passive Equity Strategies in North America. In this capacity, Mike has oversight of our North American Passive Equity teams in Boston and Montreal. He is a member of the Senior Leadership Team.

Mike rejoined SSgA after spending the four years in State Street Global Markets where he helped to build the Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this, Mike had been Head of the US Passive Equity Team within SSgA. He joined State Street in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

After Tax Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

MSCI EM Beyond BRIC Index

The MSCI EM Beyond BRIC Index is comprised of the constituent companies of the MSCI Emerging Markets Index (the “Parent Index”), excluding constituent companies of the MSCI BRIC Index, which includes issuers domiciled in Brazil, Russia, India, and China.

© 2014 State Street Corporation. All Rights Reserved.

© 2014 State Street Corporation. All Rights Reserved.

© 2014 State Street Corporation. All Rights Reserved.

Important Risk Information

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

The Fund invests by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

Risk associated with equity investing include stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal.

Investments in small-sized companies may involve greater risks than in those of larger, better known companies.

Investments in mid-sized companies may involve greater risks than in those of larger, better known companies, but may be less volatile than investments in smaller companies.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Premium Discount to NAV

As of 04/22/2014
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® MSCI EM Beyond BRIC ETF EMBB $62.69 N/A $62.55 -0.23%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.