# State Street SPDR MSCI World Value UCITS ETF Accum Shs USD (VALW) **Source:** https://fundology.uk/fund/valw · ISIN IE00BJXRT813 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, VALW (State Street SPDR MSCI World Value UCITS ETF, ISIN IE00BJXRT813) closed at £37.64 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 30/09/2026 its total return was +53.1%, or +19.7% after UK CPIH inflation. ## Summary State Street SPDR MSCI World Value UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from SPDR, launched in 2020. It tracks the MSCI World Value Exposure Select Index — 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 0.25% a year — about £25 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: **£37.64** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VALW | | ISIN | IE00BJXRT813 | | Category | Global shares | | Type | ETF | | Provider | SPDR | | Tracks | MSCI World Value Exposure Select Index | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £148m | | Launched | 2020 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +32.31% | +28.16% | income reinvested | | 3 years | +71.03% | +54.33% | income reinvested | | 5 years | +53.15% | +19.72% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2022 +0.1%, 2023 +16.4%, 2024 +5.8%, 2025 +26.8%; 2026 to 30/09/2026 +21.3%. Returns of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +32.3%; to 30/09/2025: +16.3%; to 30/09/2024: +11.2%; to 30/09/2023: +16.7%; to 30/09/2022: −0.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +0.1% | -8.4% | Price | | 2023 | +16.4% | +11.8% | Price | | 2024 | +5.8% | +2.2% | Price | | 2025 | +26.8% | +22.5% | Price | | 2026 to 30/09/2026 | +21.3% | +17.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.61% | -6.82% | | 3 years | 11.95% | -11.24% | | 5 years | 12.33% | -11.24% | ## Largest fall Volatility of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 30/09/2026: 12.6% over 1 year, 11.9% over 3 years, 12.3% over 5 years. Largest fall in the price of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD since October 2021, in pounds: −11.2% from 14/02/2025 to 11/04/2025. The lowest 12-month return of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since January 2021 was −5.8% (12 months to 11/04/2025); the highest was +45.6% (12 months to 29/05/2026). On 30/09/2026 the price of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD was 1.3% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD 0.25% a year, as of 01/10/2026: 113 of the 211 other global share funds charge more, 14 the same and 84 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Micron Technology | 7.26% | | Cisco Systems | 4.44% | | Lam Research | 4.11% | | Qualcomm | 2.56% | | Verizon Communications | 2.29% | | Hewlett Packard Enterprise | 1.97% | | Toyota Motor | 1.83% | | AT&T | 1.81% | | Adobe | 1.42% | | Comcast · Class A | 1.36% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings SPDR publishes, as of 30/09/2026. | Sector | Weight | |---|---| | Information Technology | 32.1% | | Financials | 16.1% | | Industrials | 11.1% | | Health Care | 8.7% | | Consumer Discretionary | 8.3% | | Communication Services | 8.2% | | Consumer Staples | 4.6% | | Energy | 4.0% | | Other sectors | 6.9% | ### By country Added up from the holdings SPDR publishes, as of 30/09/2026. | Country | Weight | |---|---| | United States | 48.9% | | Japan | 18.1% | | United Kingdom | 7.4% | | France | 5.9% | | Germany | 4.2% | | Switzerland | 1.9% | | Canada | 1.9% | | Hong Kong | 1.8% | | Other countries | 9.8% | All 338 holdings: https://fundology.uk/fund/valw/holdings --- 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.