SPDR Portfolio Developed World ex-US ETF (SPDW US) - Investment Proposition

Core Viewpoint - SPDR Portfolio Developed World ex-US ETF (SPDW) aims to provide broad market-cap exposure to developed equities outside the United States, focusing on long-term growth through a diversified portfolio of large- and mid-cap companies [1] Group 1: Investment Strategy - SPDW captures diversified earnings across Europe, Japan, and other mature Asia-Pacific markets, reflecting global business cycles and currency movements against the U.S. dollar [1] - The ETF can serve multiple roles, including as a core international allocation, a diversification tool alongside U.S. equities, or a factor-completion tool to enhance sector and currency exposure [1] Group 2: Market Conditions - The performance of SPDW is influenced by synchronized economic expansion or a weaker U.S. dollar, while a strong dollar or U.S. market leadership may pose challenges [1] Group 3: Risk Factors - A key risk involves evolving country concentrations due to market-value weighting, which can significantly impact investment outcomes [1]