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SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc) SPFD GY

Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

The Fund/share class may use financial derivatives instruments for currency hedging and to manage the portfolio efficiently. The Fund may purchase securities that are not denominated in the share class currency. Hedging should mitigate the impact of exchange rate fluctuations however hedges are sometimes subject to imperfect matching which could generate losses.

NAV
€25,72
as of 08 Nov 2024
Share Class Currency
EUR
1 Day Nav Change
-€0,06 (-0,25%)
as of 08 Nov 2024
Total Fund Assets USD
$1 563,28 M
as of 08 Nov 2024
TER
0,60%

Fund Objective

The objective of the Fund is to track the performance of investible local currency emerging markets bonds.

Index Description

The Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR represents a close estimation of the performance that can be achieved by hedging the base currency of its parent index, the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index, to EUR. The index is 100% hedged to the EUR by selling the base currency of the parent index forward at one-month forward rates.

Fund Information as of 10 Nov 2024

ISIN IE00BK8JH525
iNAV Ticker

*These ticker codes are representative of the primary listing exchange.

INSPFD
Inception Date 15 Nov 2019
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Currency Hedging Monthly
Share Class Currency EUR
Income Treatment Accumulation
Settlement Cycle Redemption Settlement Cycle, DD+4; Subscription Settlement Cycle, DD+4
Trading Cycle DD+1
TER 0,60%
Benchmark Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
Minimum Investment 1 Share
Trading Currency EUR
UCITS Compliant Yes
Domicile Ireland
Investment Manager State Street Global Advisors Europe Limited
Sub-Investment Manager(s)

State Street Global Advisors Limited

State Street Global Advisors Singapore Limited

Fund Umbrella SSGA SPDR ETFs Europe I plc
Replication Method Stratified Sampling
Distribution Frequency -
PEA Eligible No
ISA Eligible Yes
SIPP Eligible Yes
UK Reporting Status Yes
Securities Lending Yes

Listing and Ticker Information as of 10 Nov 2024

Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
Deutsche Börse (Primary) EUR 18 Nov 2019 SPFD BK0WFL1 SPFD GY SPFD.DE
Borsa Italiana EUR 19 Nov 2019 EMDE BK21L52 EMDE IM EMDE.MI

INAV

Estimated NAV per Unit at 4PM, Hong Kong as of
Estimated NAV per Unit as of (Updated every 15 seconds)
As of (Updated every 15 seconds)
INAV TICKER CURRENCY INAV

The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

Fund Characteristics as of 07 Nov 2024

Current Yield 5,35%
Effective Convexity 0,84%
Effective Duration 6,32
Number of Holdings 541
Yield to Maturity 6,29%
Average Maturity in Years 9,15
Average Price $96,58

Fund Market Price as of 08 Nov 2024

Bid Price €25,68
Offer Price €25,76
Closing Price €25,72
Bid/Offer Spread €0,08
Day High €25,87
Day Low €25,72
52 Week High €27,09
52 Week Low €24,66

Fund Net Asset Value as of 08 Nov 2024

NAV €25,72
Share Class Assets €132,86 M
Shares in Issue 5 164 839
Total Fund Assets USD $1 563,28 M

Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.

Fund Performance

  • Fund Inception Date: 15 Nov 2019
  • Index Inception Date: 30 Sep 2019

as of 31 Oct 2024

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
15 Nov 2019
Fund Net 31 Oct 2024 -5,05% 0,92% -2,50% 6,52% -3,42% - - -3,09%
Difference 31 Oct 2024 -0,10% -0,25% -0,73% -1,03% -0,72% - - -0,70%
Fund Gross 31 Oct 2024 -5,00% 1,07% -2,02% 7,16% -2,84% - - -2,51%
Difference 31 Oct 2024 -0,05% -0,10% -0,24% -0,39% -0,14% - - -0,12%
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
31 Oct 2024 -4,95% 1,17% -1,77% 7,54% -2,70% -2,54% - -2,39%

as of 31 Oct 2024

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
15 Nov 2019
Fund Net 31 Oct 2024 -5,05% 0,92% -2,50% 6,52% -9,91% - - -14,42%
Difference 31 Oct 2024 -0,10% -0,25% -0,73% -1,03% -2,02% - - -3,09%
Fund Gross 31 Oct 2024 -5,00% 1,07% -2,02% 7,16% -8,27% - - -11,84%
Difference 31 Oct 2024 -0,05% -0,10% -0,24% -0,39% -0,39% - - -0,52%
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
31 Oct 2024 -4,95% 1,17% -1,77% 7,54% -7,88% -12,06% - -11,32%

as of 31 Oct 2024

2024 (YTD) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund Net -2,50% 7,37% -13,23% -9,55% 1,86% 2,27% - - - - -
Difference -0,73% -1,03% -0,39% -0,65% -0,61% -0,09% - - - - -
Fund Gross -2,02% 8,01% -12,71% -9,01% 2,47% 2,34% - - - - -
Difference -0,24% -0,38% 0,13% -0,11% 0,00% -0,02% - - - - -
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
-1,77% 8,40% -12,84% -8,90% 2,47% 2,36% - - - - -

Performance Gross and Net of All Fees.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

Calendar year inception performance returns will be partial for the year where the inception date for either the Fund in question or the historic performance-linked Fund (whichever is the earliest) falls within that period.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR.

Deviation & Tracking Error as of 31 Oct 2024

Standard Deviation 10,82%
Tracking Error 0,19%

This calculation is based on the past 3 years performance information.

Top Holdings

Fund Top Holdings as of 07 Nov 2024

Security Name Weight
NOTA DO TESOURO NACIONAL 10 01/01/2029 1,32%
MEX BONOS DESARR FIX RT 5.75 03/05/2026 1,24%
NOTA DO TESOURO NACIONAL 10 01/01/2027 1,17%
LETRA TESOURO NACIONAL 0 01/01/2026 1,07%
LETRA TESOURO NACIONAL 0 07/01/2026 0,98%
REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048 0,93%
MEX BONOS DESARR FIX RT 7.5 06/03/2027 0,90%
MEX BONOS DESARR FIX RT 7.75 05/29/2031 0,81%
REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 0,80%
MEX BONOS DESARR FIX RT 5.5 03/04/2027 0,79%
Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 07 Nov 2024

Sector Weight
Treasury 98,77%
Cash 0,78%
Agency 0,45%

Geographical Weights

Maturity Ladder

Fund Maturity Ladder as of 07 Nov 2024

Maturity Weight
0 - 1 Year 1,05%
1 - 2 Years 11,86%
2 - 3 Years 11,85%
3 - 5 Years 17,46%
5 - 7 Years 11,98%
7 - 10 Years 16,05%
10 - 15 Years 10,47%
15 - 20 Years 7,44%
20 - 30 Years 9,70%
> 30 Years 2,14%

Quality Breakdown

Fund Quality Breakdown as of 07 Nov 2024

Quality Weight
AAA 0,78%
AA2 9,82%
AA3 3,70%
A1 9,87%
A2 10,37%
A3 9,84%
BAA1 8,92%
BAA2 26,16%
BAA3 5,67%
BA2 13,31%
BA3 1,57%

Characteristics, holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a reliable indicator of future performance. 

First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

"Bloomberg®" and all Bloomberg Indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Bank and Trust Company, through its State Street Global Advisors division ("SSGA"). Bloomberg is not affiliated with SSGA, and Bloomberg does not approve, endorse, review, or recommend any SSGA product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any SSGA product.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR.