# State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD (FNCW) **Page:** https://fundology.uk/fund/fncw · ISIN IE00BYTRR970 ## 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, FNCW (State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD, ISIN IE00BYTRR970) closed at £78.79 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +86.2%, or +45.4% after UK CPIH inflation. ## Summary State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD is an exchange-traded fund (ETF) from SPDR, launched in 2016. It tracks the MSCI World Financials 35/20 Capped Index - Benchmark TR Net — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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: **£78.79** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FNCW | | ISIN | IE00BYTRR970 | | Also listed as | WFIN (London Stock Exchange, US dollars) | | Category | Single sectors | | Type | ETF | | Provider | SPDR | | Tracks | MSCI World Financials 35/20 Capped Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £303m | | Launched | 2016 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 29/04/2016 | ## 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 | +13.88% | +9.84% | income reinvested | | 3 years | +87.16% | +69.09% | income reinvested | | 5 years | +86.24% | +45.37% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund): 2023 +9.9%, 2024 +29.9%, 2025 +19.1%; 2026 to 13/11/2026 +12.5%. Returns of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.3%; to 30/09/2025: +26.7%; to 30/09/2024: +25.3%; to 30/09/2023: +7.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +9.9% | +5.5% | Price | | 2024 | +29.9% | +25.5% | Price | | 2025 | +19.1% | +15.0% | Price | | 2026 to 13/11/2026 | +12.5% | +8.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.78% | -9.55% | | 3 years | 13.37% | -14.08% | ## Largest fall Volatility of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD in pounds, annualised from weekly returns to 13/11/2026: 12.8% over 1 year, 13.4% over 3 years. Largest fall in the price of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD since April 2022, in pounds: −15.7% from 03/02/2023 to 24/03/2023. The lowest 12-month return of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund) since April 2022 was −4.4% (12 months to 07/04/2023); the highest was +41.2% (12 months to 22/11/2024). On 13/11/2026 the price of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD was 0.1% below its highest weekly close since April 2022 (04/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR MSCI World Financials UCITS ETF Accum Ptg USD 0.30% a year. Compared on 14/11/2026, 76 of the 164 other single-sector funds charge more, 14 the same and 74 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** 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, FNCW holds 230 positions, according to its published holdings. The largest is JP Morgan Chase at 6.08% of the fund; the ten largest make up 31.1%. ### Top holdings Largest positions (as of 05/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 6.08% | | 2 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 5.47% | | 3 | Visa · Class A | [V](https://fundology.uk/stock/V) | 4.75% | | 4 | Mastercard · Class A | [MA](https://fundology.uk/stock/MA) | 3.62% | | 5 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 2.19% | | 6 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.05% | | 7 | Royal Bank of Canada | [RY](https://fundology.uk/stock/RY) | 1.91% | | 8 | Goldman Sachs Group | [GS](https://fundology.uk/stock/GS) | 1.75% | | 9 | Wells Fargo | [WFC](https://fundology.uk/stock/WFC) | 1.74% | | 10 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 1.59% | ## 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 | |---|---| | Financials | 99.9% | | Information Technology | 0.1% | ### By country Added up from the fund’s published holdings, as of 05/11/2026. | Country | Weight | |---|---| | United States | 53.9% | | Canada | 8.4% | | Japan | 6.7% | | United Kingdom | 5.3% | | Australia | 4.1% | | Germany | 3.2% | | Switzerland | 2.9% | | Spain | 2.7% | | Other countries | 12.9% | All 230 holdings: https://fundology.uk/fund/fncw/holdings ## Questions people ask **What is the ongoing charge of FNCW?** The ongoing charge of FNCW is 0.30% a year — about £30 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 World Financials UCITS ETF Accum Ptg USD 0.30% a year. Compared on 14/11/2026, 76 of the 164 other single-sector funds charge more, 14 the same and 74 less (share classes counted once). **What does FNCW track?** FNCW tracks the MSCI World Financials 35/20 Capped Index - Benchmark TR Net — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. **Is FNCW accumulating or distributing?** FNCW 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 FNCW?** The ISIN of FNCW is IE00BYTRR970. An ISIN identifies one exact share class of a fund; FNCW is its ticker on the London Stock Exchange. The same share class is also listed as WFIN (London Stock Exchange, US dollars). **What does FNCW hold?** As of 05/11/2026, FNCW holds 230 positions, according to its published holdings. The largest is JP Morgan Chase at 6.08% of the fund; the ten largest make up 31.1%. Its ten largest holdings are JP Morgan Chase (6.08%), Berkshire Hathaway · Class B (5.47%), Visa · Class A (4.75%), Mastercard · Class A (3.62%), Bank of America (2.19%), HSBC (2.05%), Royal Bank of Canada (1.91%), Goldman Sachs Group (1.75%), Wells Fargo (1.74%) and Mitsubishi UFJ Financial Group (1.59%). **What were FNCW’s returns in each of the last five years?** Calendar-year returns of FNCW in pounds (price, with income reinvested in the fund): 2023 +9.9%, 2024 +29.9%, 2025 +19.1%; 2026 to 13/11/2026 +12.5%. Past performance is not a guide to future returns. **How has FNCW done after inflation?** Over the five years to 13/11/2026 FNCW’s total return was +86.2%, or +45.4% 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-world-financials-ucits-etf-wfin-na) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BYTRR970&documentType=kiid&country=uk&language=en_gb&ticker=wfin-na) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-wfin-na.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.