SPDR Solactive Japan ETF

Data updated: 2021-02-26

C000141861 — SPDR Solactive Japan ETF. Money Market · $96.90M AUM · 0.14% expense ratio · 13.8% 1-yr return. Holdings, fees, performance and SEC filings.

C000141861 Fund Overview

SPDR Solactive Japan ETF is a US ETF managed by SPDR Index Shares Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US ETF
Manager: SPDR Index Shares Funds
Category: Money Market
Assets under management: $96.90M
1-year return: 13.8%
SEC CIK: 0001168164
SEC series ID: S000045601
Share class ID: C000141861

C000141861 Investment Objective and Strategy

SPDR Solactive Japan ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by SPDR Index Shares Funds.

Investment objective

The SPDR MSCI Japan StrategicFactors SM ETF (the “Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index based upon the equity market of Japan.

Principal investment strategy

In seeking to track the performance of the MSCI Japan Factor Mix A-Series Capped Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index.

Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in depositary receipts (including American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs)) based on securities comprising the Index. In addition, the Fund may invest in equity securities that are not included in the Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). The Index is designed to measure the equity market performance of large- and mid-cap companies across the Japanese equity market. It aims to represent the performance of a combination of three factors value, quality, and low volatility.

The Index is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI Japan Value Weighted Index, the MSCI Japan Quality Index, and the MSCI Japan Minimum Volatility Index (each, a Component Index). If the MSCI Japan Minimum Volatility Index is not available due to the concentrated nature of its underlying parent index (for example, in the event of a low number of stocks or where a relatively few number of constituents constitutes a large proportion of index weight), the MSCI Japan Minimum Volatility Index is replaced with the MSCI Japan Risk Weighted Index (if used to replace the MSCI Japan Minimum Volatility Index, also a Component Index) and the Index is an equal weighted combination of the MSCI Japan Value Weighted Index, the MSCI Japan Quality Index and the MSCI Japan Risk Weighted Index.

The Index Provider (defined below) determines if such replacement is necessary and reviews the MSCI Japan Minimum Volatility Index for viability on a regular basis. The MSCI Japan Value Weighted Index includes publicly-traded companies domiciled in Japan, weighted to emphasize stocks with lower valuations, by giving higher index weight to stocks with higher values of fundamental variables such as sales, earnings, cash earnings and book value. The MSCI Japan Quality Index includes publicly-traded companies domiciled in Japan, weighted to emphasize companies with historically high return on equity, stable year-over-year earnings per share growth, and low financial leverage. The MSCI Japan Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to publicly-traded companies domiciled in Japan and is weighted to provide the lowest absolute risk within a given set of constraints.

The MSCI Japan Risk Weighted Index includes publicly-traded companies domiciled in Japan, and reweights the constituents so that stocks with lower volatility, measured as the weekly return variance over the prior three years, are given higher index weight. Each Component Index is attributed equal weight (1/3) at each rebalancing. All constituents of each Component Index are included in the Index. The weight of each security in the Index is determined based on 1) the security's weight in each underlying Component Index and 2) the weight of each underlying Component Index in the Index. The Index is then subject to the MSCI A-Series Index Methodology. The MSCI A-Series Index Methodology first seeks to ensure the Index includes at least 25 constituents. In the event the Index does not contain at least 25 constituents, the Index is supplemented by including constituents of the MSCI Japan Small Cap Index, selected in decreasing order based on full market capitalization, until the target of 25 constituents is reached.

The MSCI A-Series Index Methodology then applies the MSCI 25/50 Index Methodology, which aims to reflect 5/25/50 weight constraints (i.e., no issuer has a weight above 25%, and the sum of weights of all issuers with weights above 5% does not exceed 50%). The Index is rebalanced semi-annually, usually as of the close of the last business day of May and November, coinciding with the semi-annual index reviews of each Component Index. As of November 30, 2017, a significant portion of the Index comprised companies in the consumer discretionary and industrial sectors, although this may change from time to time. As of November 30, 2017, the Index comprised 320 securities. The Index is sponsored by MSCI, Inc. (the Index Provider), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.

C000141861 Performance

Total returns for C000141861 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	13.8%

C000141861 Risk Information

Risk metrics for C000141861, derived from monthly returns in SEC filings.

1-year volatility (annualised): 21.2%

C000141861 Costs and Fees

C000141861 costs about $14 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.14%
Gross expense ratio: 0.20%
Portfolio turnover: 3%
Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)

C000141861 Cashflows

Over the 12 months to 2020-12, SPDR Solactive Japan ETF had net inflows of $72.97M, from monthly SEC N-PORT filings.

Month	Net flow
2020-12	$0
2020-11	$0
2020-10	$0
2020-09	$0
2020-08	$0
2020-07	$72.97M

C000141861 Debt Constituents

No individual debt constituents are reported in SPDR Solactive Japan ETF's latest SEC N-PORT filing.

C000141861 Prospectus and SEC Filings

Official SPDR Solactive Japan ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.