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GMF

GradeBNew York Stock Exchange Arca

State Street SPDR S&P Emerging Asia Pacific ETF

Broad Stock Market · SPDR · Inception 2007-03-20 · SEC filings

$158.44−1.77 (−1.10%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 33 prints from 160.21 to 158.44. Range 158.20 to 159.12. Use the arrow keys to read each point.$158.80$159.2010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$430M
1Y return
+16.8%
Yield · Last 12 months
1.16%
Holdings
1307
Volume · 30D
0M sh
NAV per share
$159.28
52W range
low $131.89high $161.39

The ETF.net GMF Grade

B

67/ 100

Rank 6 of 22 in Emerging Markets Stocks⁠

Confidence High

Six-pillar profile for GMF. Scores out of 100: Cost 55, Risk 60, Mission 90, Tradability 54, Holdings 80, Durability 80. Strongest: Mission (90). Weakest: Tradability (54). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank11/22 · top 50%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 90
    Category rank10/17 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank5/22 · top 23%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 54
    Category rank11/22 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 80
    Category rank3/19 · top 16%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank4/22 · top 18%

Graded as of Sep 22, 2026

Our read on GMF

ETF.net Research

BThe emerging-markets fund that leaves out Brazil and South Africa on purpose. GMF holds emerging Asia only, roughly 1,300 stocks deep, and has been running since 2007.

Stated mandate

The fund seeks to track, before fees and expenses, the total return performance of the S&P Emerging Asia Pacific BMI Index.

Why people hold it

  1. 01Pure emerging Asia by design. The index is Asia Pacific only, so no Latin America or EMEA names dilute the regional call.ssga.com
  2. 02Roughly 1,300 holdings reaches well past the megacaps most emerging-markets funds stop at, giving broader coverage of the region's listed market.
  3. 03It has hugged its S&P index closely, one of the tighter implementations in its emerging-markets peer group.
  4. 04Trading since 2007, a long live record for a single-region emerging-markets fund, backed by a State Street SPDR lineup.

Worth knowing

  1. 01The regional focus costs 0.49% a year. Broad emerging-markets index funds like VEXC (0.07%) and BKEM (0.11%) charge a fraction of that.
  2. 02It is thinly traded, so bid-ask spreads can widen, especially on larger orders or outside Asian market hours.
  3. 03Distributions land annually or semiannually rather than quarterly, so cash flow arrives in lumps.

GMF Holdings

As of Sep 21, 2026, 3:50 PM
Asset class
Stocks
Holdings
1,307
Top-10 weight
33%
Largest holding
2330.TW9.3%

Sectors

  • Technology39.5%
  • Financials17.1%
  • Consumer Discr.10.4%
  • Industrials7.1%
  • Communication6.4%
  • Materials6.0%
  • Health Care4.9%
  • Energy3.1%
  • Cons. Staples2.8%
  • Utilities1.8%
  • Real Estate0.9%

Geography

  • Taiwan (Province of China)48.46%
  • China33.33%
  • India7.26%
  • Hong Kong3.56%
  • United States3.24%
  • Indonesia1.60%
  • Ireland0.80%
  • Thailand0.43%
  • Other countries (9)1.32%

Developed 5% · Emerging 95% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 88.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFAC9.26%532,000$41M175
002TSMTAIWAN SEMICONDUCTOR SP ADR7.54%77,203$34M268
003—SSI US GOV MONEY MARKET CLASS3.92%17,465,224$18M146
0040700.HKTENCENT HOLDINGS LTD3.05%254,296$14M153
0059988.HKALIBABA GROUP HOLDING LTD2.48%791,304$11M128
0062454.TWMEDIATEK INC2.35%70,601$11M162
0070939.HKCHINA CONSTRUCTION BANK H1.17%4,259,647$5M106
0082317.TWHON HAI PRECISION INDUSTRY1.15%649,765$5M114
0092308.TWDELTA ELECTRONICS INC1.06%85,986$5M154
010HDFCBHDFC BANK LIMITED0.84%492,283$4M8
0113711.TWASE TECHNOLOGY HOLDING CO LT0.83%184,043$4M115
012RIGDRELIANCE INDS SPONS GDR 144A0.82%71,937$4M6
013IBNICICI BANK LTD SPON ADR0.81%127,555$4M49
0141398.HKIND + COMM BK OF CHINA H0.77%3,606,028$3M100
015UMCUNITED MICROELECTRON SP ADR0.68%122,605$3M30

Showing 1–15 of 1316 holdings

GMF Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GMF$11,684
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GMF $11,684. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GMF. Periods over one year show the average yearly return.
PeriodGMF
Year to date+15.9%
1 month+3.0%
3 months−0.3%
1 year+16.8%
3 years+20.1%per year
5 years+7.4%per year
10 years+8.9%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GMF
YearReturn barGMF
2026 YTD+15.9%
2025+22.0%
2024+16.5%
2023+8.2%
2022−19.0%
2021−1.9%
2020+25.0%

GMF in the news

ETF.net Research hasn’t filed on GMF yet — coverage lands here as it’s written.

GMF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.16%Last 12 months
Payout per share
$1.86Last 12 months
Last payment
$0.66 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.40; Dec 15, 2017 $1.38; Jun 15, 2018 $0.52; Dec 24, 2018 $1.46; Jun 24, 2019 $0.59; Dec 23, 2019 $1.22; Jun 22, 2020 $0.57; Dec 21, 2020 $1.11; Jun 21, 2021 $0.58; Dec 20, 2021 $2.72; Jun 21, 2022 $0.70; Dec 20, 2022 $1.74; Jun 20, 2023 $0.86; Dec 18, 2023 $1.92; Jun 24, 2024 $0.64; Dec 23, 2024 $1.58; Jun 23, 2025 $0.86; Dec 22, 2025 $1.20; Jun 22, 2026 $0.66. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 26, 2026$0.66
Dec 22, 2025Dec 29, 2025$1.20
Jun 23, 2025Jun 27, 2025$0.86
Dec 23, 2024Dec 30, 2024$1.58
Jun 24, 2024Jun 28, 2024$0.64
Dec 18, 2023Dec 27, 2023$1.92
Jun 20, 2023Jun 27, 2023$0.86
Dec 20, 2022Dec 29, 2022$1.74
Jun 21, 2022Jun 28, 2022$0.70
Dec 20, 2021Dec 28, 2021$2.72
Jun 21, 2021Jun 28, 2021$0.58
Dec 21, 2020Dec 29, 2020$1.11

GMF Risk

How much the fund’s monthly returns vary, scaled to a year.
12.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.05
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−33.4%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.85
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GMF Cost

Expense ratio0.49%
  • The middle half of Emerging Markets Stocks funds
  • Median 0.56%

8 of the 21 Emerging Markets Stocks funds charge less.

GMF costs $49.00 a year on $10,000. The median Emerging Markets Stocks fund costs $56.00.