Industry Distribution:

• Industry: 20%
• Healthcare: 18%
• Technology: 15%

Top 3 Markets:

• USA: 55%
• Japan: 10%
• United Kingdom: 8%

The SPDR MSCI World Small Cap UCITS ETF invests in a broad range of small companies worldwide, with a focus on developed markets. The USA holds the largest market share, which is typical for global ETFs as the USA represents a significant portion of the world economy. Japan and the United Kingdom follow, reflecting diversification into Asian and European markets. The industry distribution shows a strong presence in industry, healthcare, and technology, indicating the growth potential and innovation power of these sectors.

SSgA SPDR ETFs Europe II Public Limited Company is not a manufacturing company, but a provider of Exchange Traded Funds (ETFs).

ETFs are financial products that are traded on stock exchanges and track an index, sector, commodity, or other assets. The company itself does not produce physical products, but offers financial services, particularly the management and distribution of ETFs.

The SPDR MSCI World Small Cap UCITS ETF is such an ETF that tracks the MSCI World Small Cap Index. This index includes small companies from developed markets worldwide. The management and structuring of these ETFs is done by State Street Global Advisors, which acts as an investment company.

Strategy for Future Growth:

The SPDR MSCI World Small Cap UCITS ETF aims to replicate the performance of the MSCI World Small Cap Index. The ETF's strategy focuses on diversification and tracking a broad range of small-cap companies worldwide.

For future growth, the ETF relies on the following strategies:

1. Broad Diversification: By investing in a variety of small-cap companies worldwide, the risk is spread and the chance of returns is increased.

2. Market Expansion: The ETF plans to expand its presence in various geographical markets to benefit from different economic developments.

3. Cost Efficiency: By optimizing management costs and leveraging economies of scale, the ETF aims to maximize returns for investors.

These strategies are intended to ensure that the ETF remains attractive to investors interested in a diversified approach to small-cap markets.

Commodities/Materials: No specific commodities or materials

The SPDR MSCI World Small Cap UCITS ETF is an exchange-traded fund (ETF) that aims to replicate the performance of the MSCI World Small Cap Index. This index includes small companies from developed markets worldwide. As a financial fund, the ETF itself does not import physical commodities or materials. Instead, it invests in stocks of companies that may operate in various sectors, including those that import or utilize commodities.

For detailed information on the commodity imports of individual companies within the ETF, one would need to analyze the annual reports or specific corporate data of these companies.

Competitive Advantage: Moderate to Strong (estimated 2026)

The SPDR MSCI World Small Cap UCITS ETF provides investors with access to a wide range of small-cap stocks worldwide, making it an attractive investment instrument for diversification. The competitive advantage of this ETF lies in its comprehensive coverage and the opportunity to invest in smaller companies that are often overlooked but can potentially offer higher returns.

Another advantage is being part of the SPDR family, known for its cost-effective and well-managed ETFs. This can strengthen investors' confidence and increase the product's attractiveness compared to competitors.

However, the market for small-cap ETFs is competitive, with several providers offering similar products. Therefore, the long-term competitive advantage heavily depends on continuous performance and fee structures that must remain competitive compared to other providers.

Institutional Investor Share: Estimated at over 70% (2026)

Insider Buys/Sells: Not relevant for ETFs

The SPDR MSCI World Small Cap UCITS ETF is an exchange-traded fund (ETF) that invests in a broad range of small companies worldwide. Institutional investors are often the main players in ETFs, as they use these products for diversification and as part of their investment strategy. The institutional investor share typically exceeds 70%, as large asset managers, pension funds, and other institutional investors prefer these ETFs.

Insider buys or sells are not relevant for ETFs, as ETFs are not individual companies and therefore do not have insiders in the traditional sense. These transactions typically relate to shares of individual companies and not to funds.

Market share of SPDR MSCI World Small Cap UCITS ETF: Estimated 5-7% (2026)

Top competitors and their market share:

1. iShares MSCI World Small Cap UCITS ETF: Estimated 10-12%
2. Vanguard Global Small-Cap Index Fund: Estimated 8-10%
3. Lyxor MSCI World Small Cap DR UCITS ETF: Estimated 6-8%
4. Xtrackers MSCI World Small Cap UCITS ETF: Estimated 5-7%
5. Amundi MSCI World Small Cap UCITS ETF: Estimated 4-6%

The SPDR MSCI World Small Cap UCITS ETF has a moderate market share compared to its competitors. The iShares MSCI World Small Cap UCITS ETF leads the market, attributed to a strong brand presence and wide distribution network.

The moat of the SPDR MSCI World Small Cap UCITS ETF is less pronounced compared to the leading competitors. The ETF benefits from the reputation and resources of State Street Global Advisors, but iShares and Vanguard have a stronger moat due to their larger volumes and lower cost structures.

Overall, competition in this segment is intense, and while SPDR holds a solid position, the leading competitors often offer more cost-effective and well-known alternatives.

Fund Size: 1.5 billion USD (2025) Number of Holdings: Over 4,000 (2025) Total Expense Ratio (TER): 0.45% (2025) Average Annual Return of the Last 5 Years: 8.2% (2025)

The SPDR MSCI World Small Cap UCITS ETF provides investors with access to broad diversification in small companies worldwide. With over 4,000 holdings, the ETF allows for risk spreading, which can be attractive to investors who believe in the growth potential of small-cap companies.

The total expense ratio of 0.45% is moderate compared to other ETFs, keeping the cost burden low for investors. The average annual return of 8.2% over the last five years shows that the ETF was able to generate solid returns, even though small-cap investments tend to be more volatile.

Overall, the ETF could be a good investment for investors seeking diversified exposure to small-cap companies and are willing to bear the risks associated with this asset class. However, it is important to consider one's risk tolerance and investment objectives before making an investment decision.

Dividend Yield: 1.5% (estimated for 2026)

The SPDR MSCI World Small Cap UCITS ETF (LSE:WDSC) typically pays a dividend as it invests in stocks of small companies worldwide that often distribute dividends. The payout usually occurs quarterly or semi-annually, depending on the earnings of the underlying securities.

The reliability of dividend payments depends on the performance of the small companies in the portfolio. Since small-cap companies are more susceptible to economic fluctuations, the dividend yield can vary. Historically, however, the ETF has maintained a relatively consistent distribution policy, indicating a certain level of reliability.

It is advisable to regularly review the specific payout dates and dividend policy of the ETF to obtain current information.