State Street's Tokyo-listed SPDR S&P 500 ETF disclosed a June 29 net asset value of ¥119,895 per unit, or $741.19 using Mitsubishi UFJ Bank's midpoint rate of ¥161.76 to the dollar. The update also put total net assets at ¥126.65tn and units outstanding at 1,056,332,116.
| Metric | Latest disclosed value |
|---|---|
| Units outstanding | 1,056,332,116 |
| Total net assets | ¥126.65tn |
| NAV per unit | ¥119,895 |
| NAV per unit (US dollars) | $741.19 |
| FX rate used | ¥161.76 per $1 |
| Stated daily divergence vs S&P 500 | 0.00% |
The clearest signal in the disclosure was the stated divergence rate between the ETF's daily per-unit NAV move and the S&P 500's daily move: 0.00% as of June 29. On the issuer's own measure, the fund reported no day-on-day tracking mismatch against its benchmark.
For readers outside Japan, this is more ETF plumbing than market drama. The document is a pricing checkpoint for the Tokyo-listed foreign ETF: it tells you where the fund was valued in yen and dollars on June 29, and how closely it tracked the S&P 500 on the day. What it does not do is explain why the asset base or unit count moved.