SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF (RDMX)

Overview

This fund is designed for investors looking to closely track the performance of an index, by investing at least 80% of its assets in securities that compose the specified index as well as in depositary receipts based on these securities. The approach is characterized by a concentrated investment strategy, as it is non-diversified, meaning it may invest more heavily in fewer securities than diversified funds. This method is often employed in the hope of achieving returns that are more closely aligned with the index itself.

Products and Services

• Securities Comprising the Index Investments

This product focuses on replicating the performance of the specified index by investing in the securities that make up the index. The approach aims to match the price and yield performance of the index, before fees and expenses. It caters to investors seeking exposure to the index constituents.

• Depositary Receipts Based on Securities Comprising the Index

The fund also invests in depositary receipts, which are negotiable financial instruments issued by banks to represent a specified number of shares of a foreign company's stock. These are traded on a local stock exchange but represent an investment in a foreign listed company, as per the index's composition. This allows investors indirect exposure to international markets, through a vehicle that is traded domestically.