SPDR DJ Wilshire Global Real Estate ETF (RWO)

The SPDR DJ Wilshire Global Real Estate ETF (RWO) started trading in May 2008. The ETF tracks the Dow Jones Wilshire Global Real Estate Securities Index, minus expenses and fees. The ETF takes a sampling approach to tracking the index, attempting to own most of the index's 236 components.

The Dow Jones Wilshire Global Real Estate Securities Index tracks publicly traded real estate securities, both in developed and emerging markets.

As of August 2008, the ETF had the following industry breakdown:

Apartments 7.79%
Diversified 15.55%
Factory outlets 0.22%
Health care 4.9%
Hotels 2.46%
Industrial 4.82%
Industrial/Office 4.17%
Manufactured homes 0.25%
Office 12.59%
Real estate operating companies 20.64%
Regional malls 16.51%
Specialty 0.07%
Storage 2.44%
Strip centers 6.47%
Other 1.13%

The nation breakdown was the following:

United States 46.32%
Japan 10.48%
Australia 9.84%
United Kingdom 7.81%
Canada 5.53%
France 5.05%
Hong Kong 4.9%
Singapore 3.74%
Austria 1.87%
Netherlands 1.45%
Switzerland 0.73%
Sweden 0.68%
Belgium 0.52%
Germany 0.33%
New Zealand 0.33%
South Africa 0.26%
Italy 0.1%
China 0.04%
Spain 0.02%


The ETF is passively managed, with an expense ratio of 0.5%.

Although this is subject to change, the ETF pays a quarterly distribution in March, June, September, and December. Distributions may include regular income, short and long term capital gains, unrecaptured section 1250 gains, and return of capital.

As of August 2008, the SPDR DJ Wilshire Global Real Estate ETF held 217 stocks. Its holdings are listed below.