What does SAPH track?

SAPH is the SAP SE ADRhedged, a Other ETF.

What is the expense ratio of SAPH?

Expense ratio data for SAPH is shown on the page when available from our data provider.

What are the largest holdings in SAPH?

Top holdings include SAP, Cash (US$).

How can PortView analyze SAPH overlap with other ETFs?

PortView computes the holdings overlap between SAPH and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

SAP SE ADRhedged (SAPH) ETF Holdings & Analysis

ETFOther

$38.46-0.72%

1-year price historyRange $27.49 – $51.57

52-week range$38.46

$27.49$51.58

What SAPH does

SAPH offers American investors a distinct way to gain exposure to SAP SE shares through a currency-hedged depositary receipt. Typically, direct investments in foreign stocks—whether through original shares or standard American Depositary Receipts (ADRs)—expose investors to exchange rate fluctuations, which can significantly impact their returns. This ADRhedged product differentiates itself by focusing on a single international stock and actively neutralizing the specific currency risk involved. It is structured such that each share of the product is expected to mirror the value of one SAP SE ADR. To maintain this currency hedge, a dedicated contract is evaluated and adjusted daily. These market-to-market adjustments are based on the contract's notional value and any changes in the local currency's value relative to the U.S. dollar. Consequently, the proportion of underlying portfolio securities represented by each share will naturally vary over time due to these daily payments. The primary goal is to ensure the investment's total return performance accurately reflects that of SAP SE stock within its domestic market, uninfluenced by currency movements.

Fund profile

Top holdings

	Holding	Weight
	SAP SE	99.07%
	Cash (US$)	0.93%

Geographic allocation

Germany	99.07%
Other	0.93%

PortView Portfolio Insights

PortView analyzes how SAPH fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

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Frequently asked questions

What does SAPH track?: SAPH is the SAP SE ADRhedged, a Other ETF.
What is the expense ratio of SAPH?: Expense ratio data for SAPH is shown on the page when available from our data provider.
What are the largest holdings in SAPH?: Top holdings include SAP, Cash (US$).
How can PortView analyze SAPH overlap with other ETFs?: PortView computes the holdings overlap between SAPH and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.