SPDR® MSCI USA Value UCITS ETF ZPRU GY

Important Risk Disclosure

Concentrated investments in a particular sector or industry tend to be more volatile than the overall market and increases risk that events negatively affecting such sectors or industries could reduce returns, potentially causing the value of the Fund’s shares to decrease.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

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.

Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Overview Performance Holdings Documents Purchase Information More Insights

NAV USD (Official NAV)

$63,93

as of 21 Nov 2024

Base Fund Currency

USD

1 Day Nav Change

+$0,78 (+1,23%)

as of 21 Nov 2024

Assets Under Management

$140,64 M

as of 21 Nov 2024

TER

0,20%

Morningstar Medalist rating

as of 30 Sep 2024

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Fund Objective

The investment objective of the Fund is to track the performance of US equities with a higher weighting applied to equities exhibiting low valuation characteristics.

Index Description

The Index measures the performance of the stocks that exhibit relatively higher value exposure within the MSCI USA Index while also seeking to avoid poor quality companies, as measured by their fundamental accounting data including return on equity, debt to equity and earnings variability.

Fund Information as of 21 Nov 2024

ISIN	IE00BSPLC520
iNAV Ticker *These ticker codes are representative of the primary listing exchange.	INZPRUE
Inception Date	18 Feb 2015
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Base Fund Currency	USD
Income Treatment	Accumulation
Settlement Cycle	Redemption Settlement Cycle, DD+1; Subscription Settlement Cycle, DD+1
Trading Cycle	DD
TER	0,20%
Benchmark	MSCI USA Value Exposure Select Index
Minimum Investment	1 Share
Trading Currency	CHF, EUR, GBP, USD
UCITS Compliant	Yes
Domicile	Ireland
Investment Manager	State Street Global Advisors Europe Limited
Sub-Investment Manager(s)	State Street Global Advisors Trust Company
Fund Umbrella	SSGA SPDR ETFs Europe II plc
Replication Method	Replicated
Distribution Frequency	-
PEA Eligible	No
ISA Eligible	Yes
SIPP Eligible	Yes
UK Reporting Status	Yes
Securities Lending	Yes

Listing and Ticker Information as of 21 Nov 2024

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
Deutsche Börse (Primary)	EUR	19 Feb 2015	ZPRU	BSPLCB8	ZPRU GY	ZPRU.DE
London Stock Exchange	GBP	20 Feb 2015	UVAL	BVFNSJ5	UVAL LN	UVAL.L
London Stock Exchange	USD	20 Feb 2015	USVL	BSPLC52	USVL LN	USVL.L
SIX Swiss Exchange	CHF	20 Aug 2015	UVAL	BWK1V03	UVAL SE	UVAL.S

INAV

Estimated NAV per Unit at 4PM, Hong Kong as of
Estimated NAV per Unit as of (Updated every 15 seconds)

As of (Updated every 15 seconds)
INAV TICKER	CURRENCY	INAV

The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

Fund Characteristics as of 20 Nov 2024

Average Market Cap (M)	$93 461,48 M
Number of Holdings	125
Average Price/Book	1,75
Price/Earnings Ratio FY1	12,18

Index Characteristics as of 20 Nov 2024

Index Dividend Yield

This measures the weighted average of gross dividend Yield of stocks, in the index.

2,78%

Fund Market Price as of 21 Nov 2024

Bid Price	€60,97
Offer Price	€61,20
Closing Price	€61,09
Bid/Offer Spread	€0,23
Day High	€61,09
Day Low	€59,98
52 Week High	€61,09
52 Week Low	€47,52

Fund Net Asset Value as of 21 Nov 2024

NAV USD (Official NAV)	$63,93
NAV CHF	CHF 56,57
NAV EUR	€60,82
NAV GBP	£50,66
Assets Under Management	$140,64 M
Shares in Issue	2 200 000

Most Recent NAV/NAV History

Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.

Fund Performance

Fund Inception Date: 18 Feb 2015
Index Inception Date: 11 Dec 2014

as of 31 Oct 2024

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 18 Feb 2015
Fund Net	31 Oct 2024	-1,98%	-1,00%	8,14%	26,63%	4,24%	8,40%	-	7,72%
Difference	31 Oct 2024	0,02%	0,04%	0,16%	0,19%	0,20%	0,22%	-	0,15%
Fund Gross	31 Oct 2024	-1,96%	-0,95%	8,32%	26,88%	4,45%	8,62%	-	7,97%
Difference	31 Oct 2024	0,04%	0,09%	0,34%	0,45%	0,41%	0,44%	-	0,39%
Index MSCI USA Value Exposure Select Index Index Change: “Index” reflects linked performance returns of both the MSCI USA Value Exposure Select Index and the MSCI USA Value Weighted Index. The index returns are reflective of the MSCI USA Value Weighted Index from fund inception until July 11, 2018 and of MSCI USA Value Exposure Select Index effective July 11, 2018 to present.	31 Oct 2024	-2,00%	-1,04%	7,98%	26,44%	4,04%	8,18%	-	7,57%

as of 31 Oct 2024

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 18 Feb 2015
Fund Net	31 Oct 2024	-1,98%	-1,00%	8,14%	26,63%	13,28%	49,69%	-	105,81%
Difference	31 Oct 2024	0,02%	0,04%	0,16%	0,19%	0,67%	1,49%	-	2,79%
Fund Gross	31 Oct 2024	-1,96%	-0,95%	8,32%	26,88%	13,96%	51,22%	-	110,36%
Difference	31 Oct 2024	0,04%	0,09%	0,34%	0,45%	1,35%	3,01%	-	7,33%
Index MSCI USA Value Exposure Select Index Index Change: “Index” reflects linked performance returns of both the MSCI USA Value Exposure Select Index and the MSCI USA Value Weighted Index. The index returns are reflective of the MSCI USA Value Weighted Index from fund inception until July 11, 2018 and of MSCI USA Value Exposure Select Index effective July 11, 2018 to present.	31 Oct 2024	-2,00%	-1,04%	7,98%	26,44%	12,61%	48,21%	-	103,03%

as of 31 Oct 2024

	2024 (YTD)	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Fund Net	8,14%	14,97%	-14,71%	28,96%	2,32%	27,18%	-11,85%	18,40%	16,00%	-4,48%	-
Difference	0,16%	0,22%	0,19%	0,13%	0,31%	0,12%	0,12%	0,03%	0,02%	0,11%	-
Fund Gross	8,32%	15,20%	-14,54%	29,22%	2,53%	27,50%	-11,63%	18,69%	16,29%	-4,27%	-
Difference	0,34%	0,45%	0,36%	0,39%	0,52%	0,43%	0,34%	0,33%	0,32%	0,31%	-
Index MSCI USA Value Exposure Select Index Index Change: “Index” reflects linked performance returns of both the MSCI USA Value Exposure Select Index and the MSCI USA Value Weighted Index. The index returns are reflective of the MSCI USA Value Weighted Index from fund inception until July 11, 2018 and of MSCI USA Value Exposure Select Index effective July 11, 2018 to present.	7,98%	14,75%	-14,90%	28,83%	2,01%	27,06%	-11,98%	18,37%	15,98%	-4,58%	-

Performance Gross and Net of All Fees.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

Calendar year inception performance returns will be partial for the year where the inception date for either the Fund in question or the historic performance-linked Fund (whichever is the earliest) falls within that period.

The SPDR^® MSCI USA Value UCITS ETF was previously known as the SPDR MSCI USA Value Weighted UCITS ETF.

Index Change: “Index” reflects linked performance returns of both the MSCI USA Value Exposure Select Index and the MSCI USA Value Weighted Index. The index returns are reflective of the MSCI USA Value Weighted Index from fund inception until July 11, 2018 and of MSCI USA Value Exposure Select Index effective July 11, 2018 to present.

Deviation & Tracking Error as of 31 Oct 2024

Standard Deviation	18,51%
Tracking Error	0,06%

This calculation is based on the past 3 years performance information.

Top Holdings

Fund Top Holdings as of 20 Nov 2024

Security Name	Weight
Cisco Systems Inc.	5,94%
AT&T Inc.	4,27%
Verizon Communications Inc.	3,78%
QUALCOMM Incorporated	3,73%
General Motors Company	3,44%
Pfizer Inc.	3,21%
Applied Materials Inc.	3,12%
Bank of America Corp	2,69%
Intel Corporation	2,62%
Wells Fargo & Company	2,40%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 20 Nov 2024

Sector	Weight
Information Technology	27,78%
Financials	14,55%
Health Care	11,05%
Communication Services	10,49%
Consumer Discretionary	10,48%
Industrials	9,80%
Consumer Staples	4,86%
Energy	3,54%
Utilities	2,70%
Real Estate	2,46%
Materials	2,30%

Geographical Weights

Documents

Fund Documents

Information & Schedules

Regulatory Reports

VAG Report xls

Characteristics, holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a reliable indicator of future performance.

First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA and any related financial products.

The SPDR^® MSCI USA Value UCITS ETF was previously known as the SPDR MSCI USA Value Weighted UCITS ETF.

The recipient is only permitted to view or receive the Index Data in the form in which it is in presented. The recipient understands, acknowledges and agrees that use of the Index Data is at its sole risk. The recipient understands, acknowledges and agrees that the Index Data is provided "as is" and that neither Morningstar UK Limited (Morningstar) nor its content providers warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data. The recipient further understands, acknowledges and agrees that the Index Data is provided to you as an investor in financial products solely pursuant to regulatory requirements and for informational purposes only. The Index Data may not be used by you for commercial purposes and may not be used for trading or other purposes in lieu of a subscription to such Index Data with Morningstar.