- Sector
- Financial Services
- Industry
- Asset Management
- Address
- France
- IPO Date
- Oct 19, 2006
- Business
- SPDR S&P International Consumer Staples Sector ETF (IPS) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S. BMI Consumer Staples Sector Index. The fund, managed by State Street Global Advisors, Inc., a subsidiary of State Street Corporation headquartered in Boston, Massachusetts, primarily invests at least 80% of its total assets in the securities comprising the index or in American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs) based on such securities; this includes stocks of non-U.S. companies in developed markets operating in the consumer staples sub-industry of the S&P Global BMI, such as those engaged in beverages, household products, tobacco, food products, personal care products, and consumer staples distribution and retail. Launched on July 16, 2008, IPS offers investors targeted exposure to international consumer staples equities outside the United States, with geographic operations spanning developed markets in Europe, Asia-Pacific, and other regions excluding the U.S.
The ETF's core holdings reflect the index's composition, focusing on large- and mid-cap companies in defensive sectors like Nestlé SA, British American Tobacco PLC, Anheuser-Busch InBev SA/NV, Unilever PLC, and Coca-Cola Europacific Partners PLC, among others, providing diversification across essential goods producers and distributors resilient to economic cycles. It distributes dividends quarterly and maintains a competitive expense ratio of 0.40%, with total net assets around $50 million as of recent data.
In recent developments, State Street Global Advisors, the fund's sponsor, has continued expanding its SPDR ETF lineup without specific changes to IPS, including the launch of new products like the SPDR SSGA US Equity Premium Income ETF (SPIN), SPDR S&P Emerging Markets ex-China ETF (XCNY), and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) in 2024 to address investor demand for innovative strategies. Effective December 1, 2025, State Street Investment Management became the distributor for Select Sector SPDR ETFs, though no operational alterations were announced for IPS itself; the fund has maintained stable tracking of its benchmark amid broader industry trends like fee compression and ETF growth. No major acquisitions, partnerships, or index reconstitutions specific to IPS were reported in 2024 or 2025.