GMF
SPDR S&P Emerging Asia Pacific ETF
SPDR S&P Emerging Asia Pacific ETF objective is to replicate the performance of the S&P Asia Pacific Emerging BMI Index, which includes companies in an emerging market in the Asia Pacific Emer
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 415.4 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Mar 19, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 11.6 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 5.2 % |
| TENCENT HOLDINGS LTD | 3.3 % |
| ALIBABA GROUP HOLDING LTD. | 2.9 % |
| MEDIATEK INC | 2.5 % |
| DELTA ELECTRONICS INC | 1.6 % |
| HON HAI PRECISION INDUSTRY | 1.4 % |
| ADVANCED SEMICONDUCTOR ENGR | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| RELIANCE INDS-SPONS GDR 144A | 1.0 % |
Constituent Breakdown
| Number of holdings | 865 |
| Herfindahl-Hirschman Index | 203 |
| Wgt avg mkt cap (mns) | $295,454 |
| Large cap (>$10bn) | 63.3% |
| Mid cap ($2-10bn) | 16.6% |
| Small cap (<$2bn) | 4.4% |
| Developed mkts. | 2.7% |
| Emerging mkts. | 85.7% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 39.8 % |
 |
CHINA | 23.6 % |
 |
INDIA | 17.1 % |
 |
HONG KONG | 2.6 % |
 |
MALAYSIA | 2.6 % |
 |
THAILAND | 1.4 % |
 |
INDONESIA | 1.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.9% | 29.5% | 19.4% | 17.3% | 3.0% | 7.8% | -- | 4.9% |
| Dividend Yield | 0.0% | 2.1% | 2.1% | 2.5% | 2.4% | 2.3% | -- | 2.4% |
| Total Returns | 11.9% | 31.6% | 21.5% | 19.8% | 5.4% | 10.1% | -- | 7.3% | Ann. Volatility | 21.0% | 16.5% | 18.6% | 17.1% | 18.6% | 19.2% | -- | 24.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.07 | 58% |
| MSCI EAFE | 0.85 | 58% |
| MSCI Emg Mkts | 0.80 | 90% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| 30d moving avg. (EMA) | $150.96 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 1.94/1.87 |
| Bollinger Bands (Upper/Lower) | $157.78/$148.04 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GMF |
Expenses vs. GMF |
ALTAR Score™ vs. GMF |
|---|---|---|---|---|
| SPEM | SPDR Portfolio Emerging Markets ETF | 51.5% | -42 bp | +0.9% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 47.6% | 0 bp | -1.2% |
| VWO | Vanguard FTSE Emerging Markets ETF | 46.3% | -42 bp | +0.6% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 45.2% | 0 bp | -1.3% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 44.8% | -30 bp | -1.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 43.8% | +21 bp | -1.9% |
| SCHE | Schwab Emerging Markets Equity ETF | 43.7% | -38 bp | +1.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 40.9% | -34 bp | -0.8% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 39.7% | 0 bp | +3.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 39.5% | -38 bp | -1.0% |
Risk and Returns: GMF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.0%
ALTAR SCORE™
78th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. GMF's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places GMF in the 78th percentile
among funds in the category.
Sell-Side Consensus
$194.45
PRICE TARGET
+21.7%
UPSIDE