SPDW delivers an excellent representation of the ex-US developed market. The fund captures market risk extremely well and it includes Canadian stocks. The index is market-cap weighted and designed to measure the investable universe of publicly traded companies domiciled in developed countries outside of the United States. SPDW really shines in sector exposure, which aligns extremely well with our benchmark. Its diverse basket of stocks also delivers marketlike coverage of small-caps. Prior to October 16, 2017 the fund traded under the name of SPDR S&P World ex-US ETF, ticker (GWL).