# State Street SPDR MSCI World Value UCITS ETF (VALW)

**Page:** https://fundology.uk/fund/valw · ISIN IE00BJXRT813

## 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, VALW (State Street SPDR MSCI World Value UCITS ETF, ISIN IE00BJXRT813) closed at £36.72 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its price changed by +85.6%, or +44.8% 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: **£36.72** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VALW |
| ISIN | IE00BJXRT813 |
| Also listed as | WVAL (London Stock Exchange, US dollars) |
| 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 | £187m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/09/2020 |

## 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 | +20.13% | +15.87% | income reinvested |
| 3 years | +70.13% | +53.71% | income reinvested |
| 5 years | +85.56% | +44.84% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK 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 +6.6%, 2025 +26.8%; 2026 to 13/11/2026 +17.5%. 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: +29.8%; to 30/09/2025: +18.6%; to 30/09/2024: +11.2%; to 30/09/2023: +16.7%; to 30/09/2022: −0.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +0.1% | -8.4% | Price |
| 2023 | +16.4% | +11.8% | Price |
| 2024 | +6.6% | +2.9% | Price |
| 2025 | +26.8% | +22.4% | Price |
| 2026 to 13/11/2026 | +17.5% | +13.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.55% | -6.82% |
| 3 years | 11.90% | -11.24% |
| 5 years | 12.38% | -11.24% |

## Largest fall

Volatility of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 12.5% over 1 year, 11.9% over 3 years, 12.4% over 5 years. Largest fall in the price of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD since November 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 13/11/2026 the price of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD was 3.7% below its highest weekly close since November 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. Compared on 14/11/2026, 100 of the 207 other global share funds charge more, 12 the same and 95 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, VALW holds 339 positions, according to its published holdings. The largest is Micron Technology at 4.61% of the fund; the ten largest make up 24.5%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 4.61% |
| 2 | Cisco Systems | [CSCO](https://fundology.uk/stock/CSCO) | 4.08% |
| 3 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 2.40% |
| 4 | Verizon Communications | [VZ](https://fundology.uk/stock/VZ) | 2.37% |
| 5 | Toyota Motor | [7203](https://fundology.uk/stock/7203) | 2.27% |
| 6 | Qualcomm | [QCOM](https://fundology.uk/stock/QCOM) | 2.26% |
| 7 | AT&T | [T](https://fundology.uk/stock/T) | 1.67% |
| 8 | Accenture · Class A | [ACN](https://fundology.uk/stock/ACN) | 1.63% |
| 9 | Comcast · Class A | [CMCSA](https://fundology.uk/stock/CMCSA) | 1.61% |
| 10 | British American Tobacco p.l.c | [BATS](https://fundology.uk/stock/BATS) | 1.56% |

## 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 | 26.9% |
| Financials | 16.7% |
| Industrials | 11.5% |
| Health Care | 9.7% |
| Consumer Discretionary | 9.6% |
| Communication Services | 8.6% |
| Consumer Staples | 5.3% |
| Energy | 4.3% |
| Other sectors | 7.4% |

### By country

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

| Country | Weight |
|---|---|
| United States | 46.2% |
| Japan | 18.6% |
| United Kingdom | 8.1% |
| France | 6.3% |
| Germany | 4.7% |
| Switzerland | 2.3% |
| Hong Kong | 2.0% |
| Canada | 2.0% |
| Other countries | 10.0% |

The 338 holdings on record (of 339 reported): https://fundology.uk/fund/valw/holdings

## Questions people ask

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

The ongoing charge of VALW 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. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR MSCI World Value UCITS ETF Accum Shs USD 0.25% a year. Compared on 14/11/2026, 100 of the 207 other global share funds charge more, 12 the same and 95 less (share classes counted once).

**What does VALW track?**

VALW 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.

**Is VALW accumulating or distributing?**

VALW 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 VALW?**

The ISIN of VALW is IE00BJXRT813. An ISIN identifies one exact share class of a fund; VALW is its ticker on the London Stock Exchange. The same share class is also listed as WVAL (London Stock Exchange, US dollars).

**What does VALW hold?**

As of 05/11/2026, VALW holds 339 positions, according to its published holdings. The largest is Micron Technology at 4.61% of the fund; the ten largest make up 24.5%. Its ten largest holdings are Micron Technology (4.61%), Cisco Systems (4.08%), Lam Research (2.40%), Verizon Communications (2.37%), Toyota Motor (2.27%), Qualcomm (2.26%), AT&T (1.67%), Accenture · Class A (1.63%), Comcast · Class A (1.61%) and British American Tobacco p.l.c (1.56%).

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

Calendar-year returns of VALW in pounds (price, with income reinvested in the fund): 2022 +0.1%, 2023 +16.4%, 2024 +6.6%, 2025 +26.8%; 2026 to 13/11/2026 +17.5%. Past performance is not a guide to future returns.

**How has VALW done after inflation?**

Over the five years to 13/11/2026 VALW’s price changed by +85.6%, or +44.8% 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-value-ucits-etf-acc-wval-na)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BJXRT813&documentType=kiid&country=uk&language=en_gb&ticker=wval-na)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-wval-na.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.