State Street Europe Small Cap Screened Equity Fund - UCITS ETF

State Street Europe Small Cap Screened Equity Fund - UCITS ETF

About

State Street Europe Small Cap Screened Equity Fund - UCITS ETF (LU3121015484) is a UCITS-compliant equity ETF tracking the MSCI Europe Small CapSM. With a TER of 0.85%, its costs are on the higher end for an ETF, reinvesting dividends. The fund holds 193 positions across 16 regions with 5M in assets.

ISIN
Fund Size €5.1M
Issuer SPDR
Distribution Re-Invests Dividends
Replication —
Inception Nov 2025
Base Currency EUR
Index MSCI Europe Small CapSM
Asset Class Equities
Category Factor Equity

Costs

7.3
This fund has moderate costs compared to similar ETFs.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Holdings

4.9
With only 177 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
IMI PLC
0.02%
#2
IG Group Holdings PLC
0.01%
#3
Jyske Bank A/S
0.01%
#4
SBM Offshore NV
0.01%
#5
Balfour Beatty PLC
0.01%
#6
Johnson Matthey PLC
0.01%
#7
Millicom International Cellular SA
0.01%
#8
Temenos AG
0.01%
#9
voestalpine AG
0.01%
#10
Man Group PLC/Jersey
0.01%

Sectors

9.8
This fund is well-diversified across 12 sectors, with no single sector dominating.

Regions

5.0
This fund invests across 17 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-11-24 — 2026-04-16).
11.5%
Volatility
-9.5%
Max Drawdown
1.52
Sharpe Ratio
2.41
Sortino Ratio
1.84
Calmar Ratio
0.10
Beta
35.54%
Alpha (Jensen's)
0.008
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

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