SPGM — SPDR Portfolio MSCI Global Stock Market ETF
SPDR (State Street) · Expense Ratio: 0.09% · Global/All-World · 10bp below the Global/All-World category average of 0.19%
Key Facts
| Ticker | SPGM |
| Full Name | SPDR Portfolio MSCI Global Stock Market ETF |
| Provider | SPDR (State Street) |
| Expense Ratio | 0.09% |
| Category | Global/All-World |
| Assets Under Management | $1.5B |
| Inception Year | 2012 (14 years ago) |
| Number of Holdings | 2,800 |
| Dividend Yield | ~1.7% (moderate) |
| Top Holdings | AAPL, MSFT, NVDA, TSM |
What Is SPGM?
SPGM, managed by SPDR (State Street), launched in 2012, is a smaller fund — check bid-ask spreads before making large trades in the Global/All-World category. Global all-world stock ETF providing exposure to both US and international markets. With $1.5B in assets under management, investors should verify current bid-ask spreads, especially for large orders.
SPGM in a FIRE Portfolio
Total world coverage at 0.09% — the ultimate single-fund core for FIRE investors who want geographic diversification without managing multiple holdings.
A core holding should make up 50-80% of your equity allocation in a FIRE portfolio. SPGM already includes both US and international stocks — you could hold this as your entire equity allocation, making it the simplest possible FIRE portfolio.
Cost Analysis: How SPGM's 0.09% Fee Affects Your FIRE Timeline
At 0.09%, SPGM is very cost-effective. Annual fees on a $100K investment: $90. Over 30 years, the fee drag shaves approximately 0.5% off your total returns. For a $1M FIRE portfolio, that's about $9,000 in cumulative fees — noticeable but reasonable for most investors.
Dividend Income Potential
With a moderate dividend yield of approximately 1.7%, here's what SPGM could generate in annual income at different portfolio sizes:
| Portfolio Value | Annual Dividend Income | Monthly Income |
|---|---|---|
| $100,000 | $1,700/year | $142/month |
| $250,000 | $4,250/year | $354/month |
| $500,000 | $8,500/year | $708/month |
| $1,000,000 | $17,000/year | $1,417/month |
Frequently Asked Questions About SPGM
What is the expense ratio for SPGM?
SPGM has an expense ratio of 0.09%. This is very cost-effective — on a $100K portfolio, annual fees are $90. 10bp below the global/all-world category average of 0.19%.
Is SPGM good for a FIRE portfolio?
Total world coverage at 0.09% — the ultimate single-fund core for FIRE investors who want geographic diversification without managing multiple holdings. Its 0.09% expense ratio is very cost-effective for the Global/All-World category.
How does the 0.09% fee affect long-term returns?
At 0.09%, you'll pay $90/year per $100K invested. Over 30 years, fees reduce total returns by approximately 0.5%. Use the embedded calculator below to model the exact impact on your specific portfolio.
Is SPGM liquid enough for my portfolio?
SPGM manages $1.5B in assets — a smaller fund — check bid-ask spreads before making large trades. For most individual FIRE investors making regular contributions, liquidity is sufficient. If you're investing large lump sums ($100K+), use limit orders to control your execution price.
Similar ETFs in Global/All-World
- VT — Vanguard Total World Stock ETF (0.07% · Core Holding)
- ACWI — iShares MSCI ACWI ETF (0.32% · Core Holding)
- URTH — iShares MSCI World ETF (0.24% · Core Holding)
- AVGE — Avantis All Equity Markets ETF (0.25% · Core Holding)