# State Street SPDR MSCI Emerging Markets UCITS ETF (EMRD)

**Page:** https://fundology.uk/fund/emrd · ISIN IE00B469F816

## 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, EMRD (State Street SPDR MSCI Emerging Markets UCITS ETF, ISIN IE00B469F816) closed at $94.78 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +38.4%, or +8.1% after UK CPIH inflation.

## Summary

State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD is an exchange-traded fund (ETF) from SPDR, launched in 2011. It tracks the MSCI EM (Emerging Markets) — 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 0.18% a year — about £18 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: **$94.78** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMRD |
| ISIN | IE00B469F816 |
| Also listed as | SPYM (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | SPDR |
| Tracks | MSCI EM (Emerging Markets) |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £1.6bn |
| 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 | +12.22% | +8.24% | income reinvested |
| 3 years | +60.64% | +45.13% | income reinvested |
| 5 years | +38.44% | +8.06% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD in pounds (price, with income reinvested in the fund): 2022 −11.1%, 2023 +3.8%, 2024 +10.5%, 2025 +26.1%; 2026 to 13/11/2026 +10.9%. Returns of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +27.8%; to 30/09/2025: +18.8%; to 30/09/2024: +16.4%; to 30/09/2023: +0.5%; to 30/09/2022: −11.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.1% | -18.6% | Price |
| 2023 | +3.8% | -0.4% | Price |
| 2024 | +10.5% | +6.8% | Price |
| 2025 | +26.1% | +21.8% | Price |
| 2026 to 13/11/2026 | +10.9% | +7.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.73% | -15.43% |
| 3 years | 16.00% | -15.43% |
| 5 years | 15.96% | -21.91% |

## Largest fall

Volatility of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD in pounds, annualised from weekly returns to 13/11/2026: 19.7% over 1 year, 16.0% over 3 years, 16.0% over 5 years. Largest fall in the price of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD since November 2021, in pounds: −20.3% from 19/11/2021 to 28/10/2022. The lowest 12-month return of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD in pounds (price, with income reinvested in the fund) since January 2021 was −17.8% (12 months to 28/10/2022); the highest was +57.3% (12 months to 19/06/2026). On 13/11/2026 the price of State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD was 13.4% 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 Emerging Markets UCITS ETF Accum.Shs USD 0.18% a year. Compared on 14/11/2026, 124 of the 151 other emerging-market share funds charge more, 11 the same and 16 less (share classes counted once).

## Funds tracking the same index

20 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.55% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- Capitalisation | 0.18% | +11.8% | +59.0% | +37.7% |
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.24% | +11.4% | +62.1% | +37.5% |
| Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation | 0.20% | +13.7% | +63.6% | +40.6% |
| Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- | 0.55% | +11.5% | +61.8% | +35.6% |
| BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF- | 0.09% | — | — | — |
| HSBC MSCI Emerging Markets UCITS ETF | 0.15% | +13.7% | +62.6% | +39.9% |
| HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD | 0.15% | +13.7% | — | — |
| Invesco MSCI Emerging Markets UCITS ETF | 0.19% | +13.4% | +62.3% | +39.0% |
| iShares MSCI EM UCITS ETF USD (Acc) | 0.18% | +13.5% | +63.8% | +41.0% |
| iShares MSCI EM UCITS ETF USD (Dist) | 0.18% | +13.5% | +63.7% | +40.8% |
| iShares VI PLC - iShares MSCI EM Swap UCITS ETF Accum- USD | 0.14% | — | — | — |
| Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +13.7% | +64.1% | — |
| Multi Units LU - Amundi MSCI Emerging Markets II Acc | 0.14% | +14.3% | +64.2% | — |
| State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD (this fund) | 0.18% | +12.2% | +60.6% | +38.4% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI EM SF UCITS ETF Accum Shs USD | 0.14% | +13.6% | +58.7% | +40.7% |
| UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution | 0.15% | +11.9% | +64.0% | +39.7% |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF | 0.12% | +14.2% | — | — |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C | 0.12% | +13.5% | +62.6% | +39.3% |
| Xtrackers MSCI Emerging Markets UCITS ETF | 0.18% | +13.5% | +63.6% | +40.3% |
| Xtrackers MSCI Emerging Markets UCITS ETF USD | 0.18% | +14.1% | +63.7% | — |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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, EMRD holds 1,154 positions, according to its published holdings. The largest is TSMC at 15.08% of the fund; the ten largest make up 36.1%.

### 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) | 15.08% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 6.33% |
| 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 4.69% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 3.02% |
| 5 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.10% |
| 6 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.36% |
| 7 | China Construction Bank · Class H | [601939](https://fundology.uk/stock/601939) | 1.03% |
| 8 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 0.86% |
| 9 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.80% |
| 10 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 0.79% |

## 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 | 38.7% |
| Financials | 21.3% |
| Consumer Discretionary | 8.5% |
| Communication Services | 6.6% |
| Industrials | 6.2% |
| Materials | 6.1% |
| Energy | 3.7% |
| Consumer Staples | 3.0% |
| Other sectors | 6.0% |

### By country

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

| Country | Weight |
|---|---|
| Taiwan | 26.8% |
| China | 21.8% |
| South Korea | 18.4% |
| India | 12.7% |
| Brazil | 3.9% |
| South Africa | 3.3% |
| Saudi Arabia | 2.5% |
| Mexico | 1.8% |
| Other countries | 8.8% |

The 914 holdings on record (of 1,154 reported): https://fundology.uk/fund/emrd/holdings

## Questions people ask

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

The ongoing charge of EMRD is 0.18% a year — about £18 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 Emerging Markets UCITS ETF Accum.Shs USD 0.18% a year. Compared on 14/11/2026, 124 of the 151 other emerging-market share funds charge more, 11 the same and 16 less (share classes counted once).

**What does EMRD track?**

EMRD tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is EMRD accumulating or distributing?**

EMRD 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 EMRD?**

The ISIN of EMRD is IE00B469F816. An ISIN identifies one exact share class of a fund; EMRD is its ticker on the London Stock Exchange. The same share class is also listed as SPYM (Xetra, euros).

**What does EMRD hold?**

As of 05/11/2026, EMRD holds 1,154 positions, according to its published holdings. The largest is TSMC at 15.08% of the fund; the ten largest make up 36.1%. Its ten largest holdings are TSMC (15.08%), Samsung Electronics (6.33%), SK hynix (4.69%), Tencent (3.02%), Alibaba Group (2.10%), MediaTek (1.36%), China Construction Bank · Class H (1.03%), Samsung Electronics (0.86%), HDFC Bank (0.80%) and Hon Hai Precision Industry (0.79%).

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

Calendar-year returns of EMRD in pounds (price, with income reinvested in the fund): 2022 −11.1%, 2023 +3.8%, 2024 +10.5%, 2025 +26.1%; 2026 to 13/11/2026 +10.9%. Past performance is not a guide to future returns.

**How has EMRD done after inflation?**

Over the five years to 13/11/2026 EMRD’s total return was +38.4%, or +8.1% 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-emerging-markets-ucits-etf-spym-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B469F816&documentType=kiid&country=uk&language=en_gb&ticker=spym-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spym-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.