ALLW ETF — SPDR Bridgewater All Weather ETF

SPDR Bridgewater All Weather ETF (ALLW)

ALLW is an ETF. As of August 19, 2026, its distribution rate is 4.32%, its trailing-12-month yield is 4.32%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 24.6% over the past 1.5 years, 11.7 points behind SPY at 36.3%.

At the current 4.32% distribution rate, a $10,000 investment would generate approximately $432 per year, or $36.00 per month on an equivalent basis. Actual annual payments vary.

SPDR Bridgewater All Weather ETF is an actively managed fund that pursues total return through diversified exposure across global equities, nominal bonds, inflation-linked bonds, and commodities, with a strategy designed to perform across varying economic conditions. The ETF distributes income annually (its 2025 distribution was largely capital gains) and carries an 0.85% expense ratio. The fund appeals to investors seeking a multi-asset allocation approach with balanced risk exposure across different market environments.

ALLW performance versus SPY

Data as of August 19, 2026.

Fund total return is 24.6% over the past 1.5 years, 11.7 points behind SPY at 36.3%. Its deepest 1-year drawdown was 7.2%.

ALLW key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

State Street

Asset type

ETF

Asset class

Multi-Asset

Inception date

03/05/2025

Expense ratio

0.85%

Distribution rate

4.32%

Distribution frequency

Annual

Trailing yield

4.32%

Last close

$29.77

AUM

$1,683,689,409

Average volume

677143.0

Last dividend

$1.2850

Ex-dividend date

12/29/2025

Payment date

12/31/2025

Beta

0.5329

P/E ratio

19.5527

How Dividend Vision calculates yield and returns

Distribution rate (4.32%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.32%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: State Street fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ALLW risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.2%.

Who may consider ALLW — and who may not

ALLW may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (ALLW pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from State Street.