State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc)

What this fund is

State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc) is an exchange-traded fund (ETF) from SPDR, traded under the ticker IMID (ISIN IE00B3YLTY66). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread broadly across markets worldwide. It passively tracks the MSCI ACWI IMI (All Country World Investable Market Index) Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include NVIDIA Corporation, Apple Inc. and Microsoft Corporation. With about 4998 holdings (the ten largest ≈ 20.9%), your money is diversified rather than concentrated in a handful of names.

Its biggest country exposures are ~60.6% United States, ~5.8% Japan and ~3.3% Taiwan. Its heaviest sectors are ~29.3% Technology and ~16.5% Financials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.17% a year — about €17 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.18%. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 27.1% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2011, and its KID suggests a holding period of 5 years. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)