# State Street SPDR MSCI EM Asia UCITS ETF Accum USD (EMAD)

**Page:** https://fundology.uk/fund/emad · ISIN IE00B466KX20

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, EMAD (State Street SPDR MSCI EM Asia UCITS ETF Accum USD, ISIN IE00B466KX20) closed at $115.34 on the London Stock Exchange. Its ongoing charge is 0.55% a year (about £55 on £10,000). Over the five years to 13/11/2026 its total return was +37.7%, or +7.5% after UK CPIH inflation.

## Summary

State Street SPDR MSCI EM Asia UCITS ETF Accum USD is an exchange-traded fund (ETF) from SPDR, launched in 2011. It tracks the MSCI EM Asia — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.55% a year — about £55 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **$115.34** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMAD |
| ISIN | IE00B466KX20 |
| Also listed as | SPYA (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | SPDR |
| Tracks | MSCI EM Asia |
| Income | Accumulating |
| Ongoing charge | 0.55% a year (£55 per £10,000) |
| Fund size | £1.1bn |
| Launched | 2011 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/05/2011 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +12.86% | +8.86% | income reinvested |
| 3 years | +64.76% | +48.85% | income reinvested |
| 5 years | +37.71% | +7.49% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of State Street SPDR MSCI EM Asia UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2022 −12.3%, 2023 +0.8%, 2024 +13.8%, 2025 +25.0%; 2026 to 13/11/2026 +12.3%. Returns of State Street SPDR MSCI EM Asia UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +29.0%; to 30/09/2025: +19.4%; to 30/09/2024: +18.7%; to 30/09/2023: −0.1%; to 30/09/2022: −13.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -12.3% | -19.7% | Price |
| 2023 | +0.8% | -3.2% | Price |
| 2024 | +13.8% | +10.0% | Price |
| 2025 | +25.0% | +20.7% | Price |
| 2026 to 13/11/2026 | +12.3% | +8.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 22.24% | -18.15% |
| 3 years | 17.91% | -18.15% |
| 5 years | 17.75% | -25.74% |

## Largest fall

Volatility of State Street SPDR MSCI EM Asia UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 22.2% over 1 year, 17.9% over 3 years, 17.7% over 5 years. Largest fall in the price of State Street SPDR MSCI EM Asia UCITS ETF Accum USD since November 2021, in pounds: −24.6% from 19/11/2021 to 28/10/2022. The lowest 12-month return of State Street SPDR MSCI EM Asia UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since January 2021 was −21.9% (12 months to 28/10/2022); the highest was +62.0% (12 months to 19/06/2026). On 13/11/2026 the price of State Street SPDR MSCI EM Asia UCITS ETF Accum USD was 15.8% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR MSCI EM Asia UCITS ETF Accum USD 0.55% a year. Compared on 14/11/2026, 39 of the 151 other emerging-market share funds charge more, 5 the same and 107 less (share classes counted once).

## Funds tracking the same index

3 funds track MSCI EM Asia, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.55% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi MSCI Em Asia UCITS ETF Capitalisation USD | 0.20% | +12.9% | +70.1% | +40.1% |
| iShares MSCI EM Asia UCITS ETF | 0.20% | +14.9% | +69.9% | +43.5% |
| State Street SPDR MSCI EM Asia UCITS ETF Accum USD (this fund) | 0.55% | +12.9% | +64.8% | +37.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.55%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 05/11/2026, EMAD holds 815 positions, according to its published holdings. The largest is TSMC at 18.35% of the fund; the ten largest make up 43.9%.

### Top holdings

Largest positions (as of 05/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 18.35% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 7.68% |
| 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 5.69% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 3.69% |
| 5 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.57% |
| 6 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.65% |
| 7 | China Construction Bank · Class H | [601939](https://fundology.uk/stock/601939) | 1.23% |
| 8 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 1.04% |
| 9 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.99% |
| 10 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.96% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 05/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 47.0% |
| Financials | 16.6% |
| Consumer Discretionary | 9.3% |
| Communication Services | 6.7% |
| Industrials | 6.4% |
| Materials | 3.6% |
| Health Care | 3.4% |
| Energy | 2.5% |
| Other sectors | 4.4% |

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| Taiwan | 32.7% |
| China | 26.5% |
| South Korea | 22.3% |
| India | 15.3% |
| Malaysia | 1.2% |
| Thailand | 1.2% |
| Indonesia | 0.5% |
| Philippines | 0.3% |

The 789 holdings on record (of 815 reported): https://fundology.uk/fund/emad/holdings

## Questions people ask

**What is the ongoing charge of EMAD?**

The ongoing charge of EMAD is 0.55% a year — about £55 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR MSCI EM Asia UCITS ETF Accum USD 0.55% a year. Compared on 14/11/2026, 39 of the 151 other emerging-market share funds charge more, 5 the same and 107 less (share classes counted once).

**What does EMAD track?**

EMAD tracks the MSCI EM Asia — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is EMAD accumulating or distributing?**

EMAD is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of EMAD?**

The ISIN of EMAD is IE00B466KX20. An ISIN identifies one exact share class of a fund; EMAD is its ticker on the London Stock Exchange. The same share class is also listed as SPYA (Xetra, euros).

**What does EMAD hold?**

As of 05/11/2026, EMAD holds 815 positions, according to its published holdings. The largest is TSMC at 18.35% of the fund; the ten largest make up 43.9%. Its ten largest holdings are TSMC (18.35%), Samsung Electronics (7.68%), SK hynix (5.69%), Tencent (3.69%), Alibaba Group (2.57%), MediaTek (1.65%), China Construction Bank · Class H (1.23%), Samsung Electronics (1.04%), HDFC Bank (0.99%) and Hon Hai Precision Industry (0.96%).

**What were EMAD’s returns in each of the last five years?**

Calendar-year returns of EMAD in pounds (price, with income reinvested in the fund): 2022 −12.3%, 2023 +0.8%, 2024 +13.8%, 2025 +25.0%; 2026 to 13/11/2026 +12.3%. Past performance is not a guide to future returns.

**How has EMAD done after inflation?**

Over the five years to 13/11/2026 EMAD’s total return was +37.7%, or +7.5% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-msci-em-asia-ucits-etf-spya-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B466KX20&documentType=kiid&country=uk&language=en_gb&ticker=spya-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spya-gy.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.