State Street SPDR S&P Emerging Asia Pacific ETF (GMF) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a US-listed ETF from State Street. It tracks the S&P Emerging Asia Pacific BMI. Key facts — expense ratio 0.49%; net assets about $396M; inception Mar 19, 2007. Its 1-year return is +9.15%.
Fund details
Fund overview
This is a US-listed ETF from State Street. It tracks the S&P Emerging Asia Pacific BMI. Key facts — expense ratio 0.49%; net assets about $396M; inception Mar 19, 2007. Its 1-year return is +9.15%.
354 identified stocks · net exposure / NAV 32.14%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
354 identified stocks · net exposure / NAV 32.14%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Today's summary
Its top 10 holdings make up about 42.0% of the fund. The concentration index (HHI) is 642 — Low — evenly diversified, and the largest sector is Unclassified (59%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (642), so no single holding dominates.
Unclassified is 59%, a clear tilt. That industry's swings will drive the fund.
0.49% a year is typical. Held ten years, roughly 4.9% goes to fees.
Net assets of $396M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (642), so no single holding dominates.
Unclassified is 59%, a clear tilt. That industry's swings will drive the fund.
0.49% a year is typical. Held ten years, roughly 4.9% goes to fees.
Net assets of $396M — liquid enough to trade, and unlikely to be wound down.
A plain 1x physical fund holding the shares themselves — no structural drift from how long you hold it.
Top 20 holdings
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR SPTSM | 24.09% |
| 2 | ICICI BANK SPONIBN | 2.89% |
| 3 | HDFC BANKHDFCB | 2.86% |
| 4 | RELIANCE INDS SPONS GDR 144ARIGD | 2.81% |
| 5 | BHARTI AIRTELBHARTI | 2.03% |
| 6 | PDDPDD | 1.84% |
| 7 | UNITED MICROELECTRON SPUMC | 1.75% |
| 8 | INFOSYS SPINFY | 1.49% |
| 9 | AXIS BANKAXSB | 1.15% |
| 10 | TATA CONSULTANCY SVCSTCS | 1.14% |
| 11 | MAHINDRA + MAHINDRAMM | 1.04% |
| 12 | KOTAK MAHINDRA BANKKMB | 1.02% |
| 13 | BAJAJ FINANCEBAF | 0.94% |
| 14 | LARSEN + TOUBRO GDR REG SLTOD | 0.94% |
| 15 | STATE BANK OF INDIASBIN | 0.88% |
| 16 | LAURUS LABSLAURUS | 0.79% |
| 17 | ADANI PORTS AND SPECIAL ECONADSEZ | 0.78% |
| 18 | HINDUSTAN UNILEVERHUVR | 0.74% |
| 19 | SUN PHARMACEUTICAL INDUSSUNP | 0.73% |
| 20 | TVS MOTORTVSL | 0.72% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
How concentrated is it
Concentration (HHI) is low at 642, with the top 10 holdings at just 42.0% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Unclassified alone is 59% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, QEMM, overlaps only 28% (120 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
What it is made of
The fund holds 1,328 positions in total; this page lists the largest 354 and folds the rest into "Others".
Equities are 32.1% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
The expense ratio is 0.49% a year. Funds tracking the same index tend to perform alike, which makes the fee one of the few things that reliably separates them over time.
This page is not investment advice. Investment decisions and responsibility are your own.
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