What this ETF is trying to do

The SPDR Bridgewater All Weather ETF (ALLW) is designed to manage a diversified portfolio. Based on its top holdings, it invests in a mix of assets, including government money market funds, S&P 500 ETFs, U.S. Treasury notes, and various international futures.

What the numbers show

As of October 9, 2026, the share price was $28.86.

When looking at performance, it is important to distinguish between price return and total return:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 4.99%, and the one-year price return is approximately 2.50%.

• Total Return: This reflects the overall return, including distributions. The YTD total return is approximately 4.99%, and the one-year total return is approximately 7.26%.

For a simple example, if an investor had put $10,000 into this ETF based on the estimated price from roughly one year ago ($28.16), the price-only growth (excluding distributions) would be about 2.50%.

Income and distribution explanation

This ETF has a distribution yield of approximately 4.45%. Over the last 12 months, it has made one payout totaling $1.28 per share. The distribution frequency is listed as irregular or less frequent.

It is important for new investors to remember that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time. StockValueFinder uses an erosion-risk score to measure this.

ALLW has an erosion score of 94, which is labeled as "Stable / sideways," and the erosion severity is rated as "good." Additionally, the severe erosion-risk flag is false, meaning the fund's price trend and score did not trigger a severe warning.

Top Holdings

The holdings for this ETF were last updated on October 4, 2026. Because the list is partial, these are the Top Holdings:

• State Street Instl US Govt MMKT Premier: 17.33%

• State Street SPDR Port S&P 500 ETF: 7.08%

• United States Treasury Notes 1.875%: 6.47%

• Euro Stoxx 50 Sep26 XEUR: 4.92%

• SS All WeatherStrgy Cayman Ltd: 3.88%

Pros

• The erosion-risk score indicates the price has been stable or sideways.

• The one-year total return (7.26%) is higher than the one-year price return (2.50%).

Cons

• Distributions are irregular and less frequent.

• The one-year price return is relatively low at 2.50%.

Beginner takeaway

ALLW is a diversified fund that provides both a modest share-price increase and cash distributions. While it currently shows a stable erosion-risk profile, investors should look at the total return rather than just the distribution yield to understand the full performance.