ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE00B3YLTY66Ticker: IMIE (Borsa Italiana) · SPYI (Xetra) · IMID (London SE) · IMIE (Euronext Paris) · IMID (SIX)Issuer: SPDR

Global Equity tracking the MSCI ACWI IMI (All Country World Investable Market Index) Index, physical, optimised replication, accumulating. Share class in US dollars (USD).

0.17% + 0.01%

TER + KID transaction costs ✓ declared by the issuer

5,999

rows published by the issuer · holdings ↓ ✓ declared by the issuer

8.5 bn €

fund assets ✓ declared by the issuer

−0.19 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ average of issuer-declared yearly TD

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc)

Declared index

MSCI ACWI IMI (All Country World Investable Market Index) Index

Management

Passive (index-tracking) (from the KID)

Replication

Physical (optimised)

SFDR

not declared in the sources we read ≈ Rebalix reading: Article 6 (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

8.5 bn EUR

Domicile

Ireland

Share class · this page

ISIN

IE00B3YLTY66

Ticker

IMIE (Borsa Italiana) · SPYI (Xetra) · IMID (London SE) · IMIE (Euronext Paris) · IMID (SIX)

Share-class currency

US dollars (USD)

TER

0.17%

Transaction costs

0.01% (issuer estimate, from the KID)

Income policy

Accumulating

NAV

13.17 USD (14 October 2026)

Share-class launch

12 May 2011

Data as declared by SPDR in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.17%below the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Assetslarger than 95% of equity ETFs we track.≈ computed by Rebalix
Information Technology 31.6%first sector from the declared portfolio✓ declared by the issuer
5,999 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 22.6%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc) tracks the issuer-declared index: MSCI ACWI IMI (All Country World Investable Market Index) Index. The declared annual cost (TER) is 0.17%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 8.5 billion euro, was launched on 12 May 2011 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Shares of the USD Class are issued in U.S. Dollar. Investment objective The objective of the Fund is to track the performance of stock markets in developed and emerging market countries. Index Source: The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.
Keep reading the KID section ▾
The Prospectus contains a more detailed description of the limited relationship MSCI has with State Street Investment Management and any related funds, as well as additional disclaimers that apply to the MSCI indexes. The MSCI indexes are the exclusive property of MSCI and may not be reproduced or extracted and used for any other purpose without MSCI's consent. The MSCI indexes are provided without any warranties of any kind. Please see the Prospectus for the full index disclaimer. The Fund seeks to track the performance of the MSCI ACWI IMI (All Country World Investable Market Index) Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities include stocks and shares issued by companies in both developed and emerging market countries from around the world. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use an optimisation strategy to build a representative portfolio which should reflect the performance of the Index. Consequently, the Fund will typically hold only a subset of the securities included in the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day.
Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · KID acquired on 5 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
12 May 2011
declared by the issuer
Basket snapshots
3 monthly
since August 2026
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.

Deep-dive into this fund’s taxation →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from May 2011 to Oct 2026

Adjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+340.0%

Annualised

+10.1%

Volatility (ann.)

14.5%

Max drawdown

-34.70%

16 May 2011 → 16 Oct 202615 years and 5 months · +340.0%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-34.70%

peak → trough

Trough

23 Mar 2020

from the 12 Feb 2020 peak

Recovery time

156 days

recovery only: trough to break-even · ≈ 5 months

Underwater

196 days

decline + recovery: peak to break-even · ≈ 6 months · → recovered on 26 Aug 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
12 Feb 2020	23 Mar 2020	-34.70%	26 Aug 2020	196
08 Nov 2021	12 Oct 2022	-26.01%	29 Jan 2024	812
07 Jul 2011	04 Oct 2011	-21.18%	14 Sept 2012	435
26 Jan 2018	24 Dec 2018	-19.72%	01 Nov 2019	644
21 May 2015	11 Feb 2016	-19.06%	08 Dec 2016	567

Calendar-year returns

2016

9.4%

2017

23.2%

2018

-10.3%

2019

25.9%

2020

15.4%

2021

18.3%

2022

-17.5%

2023

21.1%

2024

16.1%

2025

22.2%

2026

13.5%

2011: the share class was launched on 12 May 2011 and the available series starts on 16 May 2011; the return runs from that date (not from launch) to 30 December 2011 and is not a full year.

Month-by-month returns

2026Year 13.5%

Jan

3.3

Feb

2.2

Mar

-7.3

Apr

10.1

May

5.2

Jun

-0.7

Jul

0.0

Aug

2.7

Sept

-1.5

Oct

-0.5

Nov

Dec

2025Year 22.2%

Jan

3.2

Feb

-0.7

Mar

-4.0

Apr

0.7

May

5.8

Jun

4.6

Jul

1.4

Aug

2.8

Sept

3.5

Oct

2.1

Nov

0.2

Dec

1.1

2024Year 16.1%

Jan

0.3

Feb

4.1

Mar

3.2

Apr

-3.3

May

3.9

Jun

1.9

Jul

1.9

Aug

2.3

Sept

2.3

Oct

-2.4

Nov

3.8

Dec

-2.6

2023Year 21.1%

Jan

7.3

Feb

-2.9

Mar

2.5

Apr

1.2

May

-1.3

Jun

6.0

Jul

3.6

Aug

-2.8

Sept

-4.2

Oct

-3.4

Nov

9.1

Dec

5.2

2022Year -17.5%

Jan

-4.6

Feb

-2.7

Mar

2.3

Apr

-7.8

May

0.2

Jun

-8.6

Jul

6.7

Aug

-3.4

Sept

-9.6

Oct

6.4

Nov

7.9

Dec

-3.9

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	3.3	2.2	-7.3	10.1	5.2	-0.7	0.0	2.7	-1.5	-0.5			13.5
2025	3.2	-0.7	-4.0	0.7	5.8	4.6	1.4	2.8	3.5	2.1	0.2	1.1	22.2
2024	0.3	4.1	3.2	-3.3	3.9	1.9	1.9	2.3	2.3	-2.4	3.8	-2.6	16.1
2023	7.3	-2.9	2.5	1.2	-1.3	6.0	3.6	-2.8	-4.2	-3.4	9.1	5.2	21.1
2022	-4.6	-2.7	2.3	-7.8	0.2	-8.6	6.7	-3.4	-9.6	6.4	7.9	-3.9	-17.5
2021	-0.1	2.7	2.8	4.1	1.5	1.1	0.5	2.4	-4.0	4.9	-2.8	4.2	18.3
2020	-1.4	-8.2	-14.4	11.0	4.2	3.2	5.1	6.3	-3.2	-2.4	12.8	4.8	15.4
2019	7.9	2.7	1.0	3.4	-6.2	6.4	0.4	-2.5	2.1	2.7	2.6	3.5	25.9
2018	5.4	-4.2	-2.1	1.1	0.2	-0.5	2.9	0.9	0.3	-7.8	1.2	-7.4	-10.3
2017	2.8	2.8	1.1	1.5	1.9	0.7	2.6	0.3	2.2	1.9	1.8	1.6	23.2
2016	-5.9	-0.6	7.4	2.1	0.0	-0.4	4.2	0.6	0.8	-1.9	1.1	2.1	9.4
2015	-1.3	5.7	-1.4	3.0	0.2	-2.2	0.6	-6.2	-4.2	7.8	-0.7	-1.9	-1.6
2014	-4.2	4.8	0.2	0.9	2.3	2.1	-1.3	2.4	-3.3	0.9	1.7	-1.8	4.4
2013	4.7	-0.2	2.1	2.5	-0.1	-2.9	5.0	-2.2	5.2	3.9	1.8	1.8	23.7
2012	6.0	4.8	0.7	-1.2	-8.9	4.8	1.4	2.2	3.2	-0.5	1.5	2.4	16.7
2011						-1.5	-2.0	-7.4	-9.2	10.9	-2.6	-0.5	-11.3(from 16 May)

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: where declared). Deeper colour = larger move.

Method and sources

Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Rejoined series: the issuer’s historical data contains a unit redenomination (23 February 2026), not retroactively adjusted; we rejoined the earlier history to make it comparable. Returns and risk are computed on the rejoined series.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 3 of the last 9 calendar years: a past observation, not an indication of future outperformance.

Average annual TD, 2023–2025

-0.19 pt /year

Declared TER

0.17%

Year	Fund	Index	Difference (pt)
2025	+22.20%	+22.06%	+0.14 pt
2024	+16.13%	+16.37%	-0.24 pt
2023	+21.10%	+21.58%	-0.48 pt
2022	-17.52%	-18.40%	+0.88 pt
2021	+18.25%	+18.22%	+0.03 pt
2020	+15.35%	+16.25%	-0.90 pt
2019	+25.92%	+26.35%	-0.43 pt
2018	-10.31%	-10.08%	-0.23 pt
2017	+23.23%	+23.95%	-0.72 pt

Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 August 2026), not computed by us. Partial years excluded. Currency of the declared returns not documented. What is tracking difference? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)10.52%

Max drawdown-6.90%

Sharpe1.65

Sortino2.46

Last 3 years

Volatility (ann.)12.56%

Max drawdown-20.18%

Sharpe1.15

Sortino1.60

Last 5 years

Volatility (ann.)13.99%

Max drawdown-20.18%

Sharpe0.64

Sortino0.90

Last 10 years

Volatility (ann.)15.02%

Max drawdown-34.48%

Sharpe0.73

Sortino1.01

Full history

Volatility (ann.)14.88%

Max drawdown-34.48%

Sharpe0.75

Sortino1.04

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	10.52%	12.56%	13.99%	15.02%	14.88%
Max drawdown	-6.90%	-20.18%	-20.18%	-34.48%	-34.48%
Sharpe	1.65	1.15	0.64	0.73	0.75
Sortino	2.46	1.60	0.90	1.01	1.04

Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

5,999

Top-10 weight

22.6%

Top 10 holdings

NVIDIA Corporation

4.65%

Apple Inc.

4.19%

Microsoft Corporation

3.11%

Amazon.com Inc.

2.06%

Taiwan Semiconductor Manufacturing Co. Ltd.

1.73%

Alphabet Inc. Class A

1.73%

Alphabet Inc. Class C

1.36%

Meta Platforms Inc Class A

1.35%

Broadcom Inc.

1.34%

Micron Technology Inc.

1.10%

Sectors

Information Technology

31.6%

Financials

15.9%

Industrials

11.3%

Health Care

8.6%

Consumer Discretionary

8.4%

Communication Services

7.4%

Consumer Staples

4.5%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Top 7 countries

United States63.3%

Japan5.9%

Taiwan3.5%

United Kingdom3.2%

Canada3.1%

South Korea2.6%

China2.2%

Breakdown computed by Rebalix by aggregating the full-precision per-position weights declared by the issuer.

⬇ Download the published holdings — Excel, 5,999 rows

Holdings as published by SPDR, holdings as at 30 September 2026: 5,999 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. How Rebalix verifies portfolio holdings →

StructureIn this sectionIndex Exchanges

Index tracked

MSCI ACWI IMI (All Country World Investable Market Index) Index

This fund belongs to the World and global equity family: compare all census ETFs in this family →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B3YLTY66IMIE

BG Saxozero within the savings plan (buys)
Directazero within the savings plan (buys)
Directazero on single buys from 2,000 €, agreement until 31 May 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE000DD75KQ5SPSA

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 15 October 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Borsa Italiana (ETFplus)	IMIEfrom the issuer	ESMA register (FIRDS)	12 Apr 2012
Börse Düsseldorf	SPYIfrom mapping	ESMA register (FIRDS)	17 Feb 2012
Börse Frankfurt	SPYIfrom mapping	ESMA register (FIRDS)	23 May 2011
Börse Hamburg	SPYIfrom mapping	ESMA register (FIRDS)	15 Jan 2014
Börse Hannover	SPYIfrom mapping	ESMA register (FIRDS)	21 Dec 2022
Börse München / gettex	SPYIfrom mapping	ESMA register (FIRDS)	4 Jul 2014
Börse Stuttgart	SPYIfrom mapping	ESMA register (FIRDS)	20 May 2011
Euronext Paris	IMIEfrom the issuer	ESMA register (FIRDS)	13 Sept 2011
London Stock Exchange	IMIDfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
SIX Swiss Exchange	IMIDfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	SPYIfrom mapping	ESMA register (FIRDS)	11 Jul 2011
Xetra (Deutsche Börse)	SPYIfrom the issuer	ESMA register (FIRDS)	18 May 2011

from the issuer — ticker declared by the issuer in its product list.

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

+ 7 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Frequently asked questions

Which index does State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc) track?

The issuer SPDR declares the benchmark: MSCI ACWI IMI (All Country World Investable Market Index) Index.

How much does IMIE cost?

The issuer-declared TER is 0.17% per year; the transaction costs estimated in the KID are 0.01%.

How is IMIE taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of IMIE?

The fund size declared by SPDR is about 8.5 billion euro.

When was IMIE launched?

The fund was launched on 12 May 2011: it has 15 years of history.

How does IMIE replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Optimised”).

Does IMIE pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).

Where does IMIE trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 12 exchanges with a ticker available, including Borsa Italiana (ETFplus) (IMIE), Börse Düsseldorf (SPYI), Börse Frankfurt (SPYI), Börse Hamburg (SPYI), Börse Hannover (SPYI), Börse München / gettex (SPYI).

What was IMIE's worst fall?

Over the available history (since 2011), the maximum drawdown was -34.70%, reached in March 2020. Past performance is not indicative of future results.

How many positions does IMIE publish?

The list published by the issuer and archived by Rebalix has 5,999 rows; the top 10 weigh 22.6%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

Transparency note

The data in this sheet is declared by SPDR in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.

Do you represent the issuer? Report a correction or an update