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Home   »   ETFs : SPDR® MSCI EM 50 ETF (EMFT)
EMFT

SPDR® MSCI EM 50 ETF

Fund Objective

The SPDR® MSCI EM 50 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EM 50 Index.

Ordinary brokerage commissions may apply.

Fund Information

As of 04/23/2014
Ticker SymbolEMFT
Primary BenchmarkMSCI EM 50 Index
CUSIP78463X467
Short Selling AllowedYes
Options AvailableNo
Gross Expense Ratio0.50%
Inception Date02/27/2012
Investment ManagerSSgA Funds Management, Inc.
Management TeamSPDR MSCI Management Team
DistributorState Street Global Advisors
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.

2.01%
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.

12.83%
FY 1 P/E Ratio

FY 1 P/E Ratio

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

8.47
Number of Holdings56
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.

1.38
Weighted Average Market Cap$72,559.72 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.

1.85%

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.

2.76%
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.

12.44%
FY 1 P/E Ratio

FY 1 P/E Ratio

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

8.21
Number of Holdings50
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.

3.74
Price/Earnings

Price/Earnings

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

9.17
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.

19.24%

Fund Documents

Fund Market Price

As of 04/22/2014
Bid/Ask$47.77
Closing PriceN/A
Day HighN/A
Day LowN/A
Exchange Volume (shares)N/A
Premium/Discount0.31%
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$47.62
Shares Outstanding100,000
Total Net Assets$4.76 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 04/22/2014
Net Cash Amount$8,084.87

Index Statistics

As of 01/31/2014
Weighted Average Market Cap$48,296.61 M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and 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: 02/27/2012

Index Inception Date: 05/30/2008

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; MSCI EM 50 ETF" bmarkName="MSCI EM 50 Index"><funds><field>1 Month</field><fund>1.66</fund><index>1.60</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-2.31</fund><index>-2.21</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-2.31</fund><index>-2.21</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>2.25</fund><index>2.62</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>-2.55</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>13.18</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>-0.54</fund><index>0.25</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Quarter End as of 03/31/2014

Fund Inception Date: 02/27/2012

Index Inception Date: 05/30/2008

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; MSCI EM 50 ETF" bmarkName="MSCI EM 50 Index"><funds><field>1 Month</field><fund>1.66</fund><index>1.60</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>-2.31</fund><index>-2.21</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>-2.31</fund><index>-2.21</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>2.25</fund><index>2.62</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund></fund><index>-2.55</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund></fund><index>13.18</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>-0.54</fund><index>0.25</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 RegS10.33%745
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR7.17%16,582
Tencent Holdings Ltd.4.98%3,500
China Mobile Limited3.97%20,355
China Construction Bank Corporation Class H3.57%243,154
Industrial and Commercial Bank of China Limited Class H3.23%248,454
Gazprom OAO Sponsored ADR3.10%19,967
Naspers Limited Class N2.90%1,333
Itau Unibanco Holding S.A. Sponsored ADR Pfd2.82%8,419
Hyundai Motor Company2.55%514
Download All Holdings XLS

Index Top Holdings

As of 02/28/2014
NameWeight
Samsung Electronics Co. Ltd.10.07%
Taiwan Semiconductor Manufacturing Co. Ltd.6.33%
Tencent Holdings Ltd.5.91%
China Mobile Limited4.13%
China Construction Bank Corporation Class H3.57%
Naspers Limited Class N3.44%
Gazprom OAO Sponsored ADR3.29%
Industrial and Commercial Bank of China Limited Class H3.19%
Hyundai Motor Company2.55%
America Movil SAB de CV Sponsored ADR Class L2.48%

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>29.51</rawValue><value>29.51%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>25.49</rawValue><value>25.49%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>16.15</rawValue><value>16.15%</value><label>Energy</label><order>3</order></attribute><attribute><rawValue>9.82</rawValue><value>9.82%</value><label>Telecommunication Services</label><order>4</order></attribute><attribute><rawValue>9.22</rawValue><value>9.22%</value><label>Consumer Discretionary</label><order>5</order></attribute><attribute><rawValue>6.43</rawValue><value>6.43%</value><label>Materials</label><order>6</order></attribute><attribute><rawValue>3.27</rawValue><value>3.27%</value><label>Consumer Staples</label><order>7</order></attribute></attributes><code>FUND_SECTOR_ALLOCATION</code></component>

Index Sector Allocation

As of 03/31/2014
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>03/31/2014</asOfDate><attributes><attribute><rawValue>28.57</rawValue><value>28.57%</value><label>Information Technology</label><order>1</order></attribute><attribute><rawValue>25.64</rawValue><value>25.64%</value><label>Financials</label><order>2</order></attribute><attribute><rawValue>16.29</rawValue><value>16.29%</value><label>Energy</label><order>3</order></attribute><attribute><rawValue>10.45</rawValue><value>10.45%</value><label>Telecommunication Services</label><order>4</order></attribute><attribute><rawValue>9.49</rawValue><value>9.49%</value><label>Consumer Discretionary</label><order>5</order></attribute><attribute><rawValue>6.27</rawValue><value>6.27%</value><label>Materials</label><order>6</order></attribute><attribute><rawValue>3.27</rawValue><value>3.27%</value><label>Consumer Staples</label><order>7</order></attribute></attributes><code>BMARK_SECTOR_ALLOCTAION</code></component>

Fund Country Weights

As of 04/22/2014
China28.40%
South Korea23.15%
Taiwan14.17%
Brazil9.94%
South Africa8.75%
Russia8.25%
Mexico6.05%
India1.29%

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 50 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.

SPDR MSCI 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.

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 50 Index

The MSCI EM 50 Index is a free float-adjusted market capitalization weighted index comprised of 50 of the largest constituents held in the broader MSCI Emerging Markets Index (the “Parent Index”). The selection universe of the Index is based on the constituent securities of the Parent Index except for Brazil, India, Mexico and Russia. For these four markets the selection universe is limited to depositary receipts.

© 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.

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.

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

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 which may cause the fund to experience tracking errors relative to performance of the Index.

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 or visit www.spdrs.com. Read it carefully.

Premium Discount to NAV

As of 04/22/2014
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® MSCI EM 50 ETF EMFT $47.62 N/A $47.77 0.31%
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.