Overview
State Street's tactical desk running a global multi-asset portfolio — 17 SPDR funds spanning world equities, bonds, TIPS and commodities, actively tilted as conditions change.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| SPY | SPDR S&P 500 ETF | 26.8% |
| SPAB | SPDR Portfolio Aggregate Bond | 18.5% |
| SPDW | SPDR Developed World ex-US | 14.0% |
| SPEM | SPDR Emerging Markets | 9.0% |
| SPTL | SPDR Long Term Treasury | 4.0% |
| TIPX | SPDR 1-10Y TIPS | 4.0% |
| CERY | SPDR Commodity Strategy | 3.7% |
| GWX | SPDR Intl Small Cap | 3.0% |
| IBND | SPDR Intl Corporate Bond | 3.0% |
| EMHC | SPDR EM USD Bond | 2.9% |
Fund Details
Investment Thesis
The active answer to the AOR-style static mix: SSGA's allocation committee shifts the weights — commodities added here, duration trimmed there — and +16% shows the tilts earning their 0.35% this cycle. One ticker delivers a genuinely global, genuinely multi-asset book including the TIPS and commodity sleeves most balanced funds skip. For investors who want allocation decisions made actively but not by themselves, this is the whole service in fund form.
Who It's For
Delegators who want a professionally tilted global portfolio — multi-asset breadth with tactical management, in one ticker.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $33.02 | -- |
| 2017 | $38.27 | +15.9% |
| 2018 | $34.52 | -9.8% |
| 2019 | $40.05 | +16.0% |
| 2020 | $42.74 | +6.7% |
| 2021 | $46.08 | +7.8% |
| 2022 | $37.56 | -18.5% |
| 2023 | $41.44 | +10.3% |
| 2024 | $44.18 | +6.6% |
| 2025 | $49.45 | +11.9% |
| Year | Yield |
|---|---|
| 2016 | 2.39% |
| 2017 | 2.39% |
| 2018 | 2.32% |
| 2019 | 3.08% |
| 2020 | 2.45% |
| 2021 | 4.10% |
| 2022 | 6.23% |
| 2023 | 2.71% |
| 2024 | 3.04% |
| 2025 | 3.59% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.2B | +100.0% |
| 2018 | $0.2B | +0.0% |
| 2019 | $0.2B | +0.0% |
| 2020 | $0.2B | +0.0% |
| 2021 | $0.2B | +0.0% |
| 2022 | $0.2B | +0.0% |
| 2023 | $0.2B | +0.0% |
| 2024 | $0.3B | +50.0% |
| 2025 | $0.3B | +0.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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