# State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD (WMAT)

**Page:** https://fundology.uk/fund/wmat · ISIN IE00BYTRRF33

## 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, WMAT (State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD, ISIN IE00BYTRRF33) closed at $80.68 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 +40.0%, or +9.3% after UK CPIH inflation.

## Summary

State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD is an exchange-traded fund (ETF) from SPDR, launched in 2016. It tracks the MSCI World Materials 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: **$80.68** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | WMAT |
| ISIN | IE00BYTRRF33 |
| Category | Single sectors |
| Type | ETF |
| Provider | SPDR |
| Tracks | MSCI World Materials 35/20 Capped Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £158m |
| 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 | +16.73% | +12.60% | income reinvested |
| 3 years | +35.27% | +22.22% | income reinvested |
| 5 years | +39.98% | +9.26% | 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 Materials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund): 2022 +0.8%, 2023 +8.2%, 2024 −3.7%, 2025 +16.8%; 2026 to 13/11/2026 +12.5%. Returns of State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.1%; to 30/09/2025: +1.8%; to 30/09/2024: +13.9%; to 30/09/2023: +6.7%; to 30/09/2022: +4.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +0.8% | -7.7% | Price |
| 2023 | +8.2% | +3.9% | Price |
| 2024 | -3.7% | -7.0% | Price |
| 2025 | +16.8% | +12.8% | Price |
| 2026 to 13/11/2026 | +12.5% | +9.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 20.47% | -14.86% |
| 3 years | 16.47% | -16.13% |
| 5 years | 16.88% | -16.13% |

## Largest fall

Volatility of State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD in pounds, annualised from weekly returns to 13/11/2026: 20.5% over 1 year, 16.5% over 3 years, 16.9% over 5 years. Largest fall in the price of State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD since November 2021, in pounds: −16.1% from 17/05/2024 to 04/04/2025. The lowest 12-month return of State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD in pounds (price, with income reinvested in the fund) since January 2021 was −14.7% (12 months to 04/04/2025); the highest was +43.9% (12 months to 10/04/2026). On 13/11/2026 the price of State Street SPDR MSCI World Materials UCITS ETF Accum Ptg USD was 5.9% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR MSCI World Materials 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, WMAT holds 88 positions, according to its published holdings. The largest is Linde at 8.30% of the fund; the ten largest make up 41.5%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Linde | [LIN](https://fundology.uk/stock/LIN) | 8.30% |
| 2 | BHP Group | [BHP](https://fundology.uk/stock/BHP) | 7.21% |
| 3 | Air Liquide | [AI](https://fundology.uk/stock/AI) | 4.58% |
| 4 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 4.36% |
| 5 | Agnico Eagle Mines | [AEM](https://fundology.uk/stock/AEM) | 3.30% |
| 6 | Rio Tinto | [RIO](https://fundology.uk/stock/RIO) | 3.12% |
| 7 | Freeport-McMoRan | [FCX](https://fundology.uk/stock/FCX) | 2.86% |
| 8 | Sherwin-Williams | [SHW](https://fundology.uk/stock/SHW) | 2.76% |
| 9 | Ecolab | [ECL](https://fundology.uk/stock/ECL) | 2.67% |
| 10 | Air Products and Chemicals | [APD](https://fundology.uk/stock/APD) | 2.32% |

## Where it invests

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

### By country

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

| Country | Weight |
|---|---|
| United States | 40.2% |
| Canada | 15.6% |
| Australia | 11.7% |
| United Kingdom | 8.2% |
| Japan | 6.3% |
| France | 5.5% |
| Switzerland | 4.7% |
| Germany | 3.5% |
| Other countries | 4.4% |

All 88 holdings: https://fundology.uk/fund/wmat/holdings

## Questions people ask

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

The ongoing charge of WMAT 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 Materials 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 WMAT track?**

WMAT tracks the MSCI World Materials 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 WMAT accumulating or distributing?**

WMAT 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 WMAT?**

The ISIN of WMAT is IE00BYTRRF33. An ISIN identifies one exact share class of a fund; WMAT is its ticker on the London Stock Exchange.

**What does WMAT hold?**

As of 05/11/2026, WMAT holds 88 positions, according to its published holdings. The largest is Linde at 8.30% of the fund; the ten largest make up 41.5%. Its ten largest holdings are Linde (8.30%), BHP Group (7.21%), Air Liquide (4.58%), Newmont (4.36%), Agnico Eagle Mines (3.30%), Rio Tinto (3.12%), Freeport-McMoRan (2.86%), Sherwin-Williams (2.76%), Ecolab (2.67%) and Air Products and Chemicals (2.32%).

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

Calendar-year returns of WMAT in pounds (price, with income reinvested in the fund): 2022 +0.8%, 2023 +8.2%, 2024 −3.7%, 2025 +16.8%; 2026 to 13/11/2026 +12.5%. Past performance is not a guide to future returns.

**How has WMAT done after inflation?**

Over the five years to 13/11/2026 WMAT’s total return was +40.0%, or +9.3% 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-materials-ucits-etf-wmat-na)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BYTRRF33&documentType=kiid&country=uk&language=en_gb&ticker=wmat-na)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-wmat-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.