🔴 SPWO is trading 3.1% down today on weak manufacturing PMI and geopolitical uncertainty

SPWO is trading at $33.51 (-3.09%) as broad risk-off sentiment pressures global equities outside the U.S.

• The decline is primarily driven by weaker manufacturing PMI signals and renewed geopolitical uncertainty surrounding Iran–U.S. negotiations.
• The fund is slightly underperforming major U.S. indices, which are currently seeing more modest declines.
• The move reflects a wider sell-off in developed ex-U.S. and emerging markets rather than any SPWO-specific news.