Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures.  Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file. 


SPDR® Bloomberg Global Aggregate Bond USD Hdg UCITS ETF (Dist) SPFU GY

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
$29.50
as of 08 Dec 2022
Share Class Currency
USD
1 Day Nav Change
-$0.03 (-0.09%)
as of 08 Dec 2022
Total Fund Assets USD
$1,936.13 M
as of 08 Dec 2022
TER
0.10%
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as of 30 Nov 2022

Fund Objective


The objective of the Fund is to track the performance of global markets for investment grade (high quality) fixed-rate debt securities.


Index Description


The Bloomberg Global Aggregate Bond Index (USD Hedged) represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the Bloomberg Global Aggregate Bond Index, to USD. The index is 100% hedged to the USD by selling the forwards of all the currencies in the parent index at the one-month Forward rate. The parent index is composed of government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities from both developed and emerging markets issuers.


Fund Information as of 09 Dec 2022

ISIN IE00BF1QPH33
iNAV Ticker
INSPFU
Inception Date 14 Feb 2018
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Currency Hedging Monthly
Share Class Currency USD
Income Treatment Distribution
Settlement Cycle Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle DD+1
TER 0.10%
Benchmark Bloomberg Global Aggregate Bond Index (USD hedged)
Minimum Investment 1 Share
Trading Currency USD
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 Trust Company

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

Listing and Ticker Information as of 09 Dec 2022

Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
Deutsche Börse (Primary) USD 15 Feb 2018 SPFU BF2RVT9 SPFU GY SPFU.DE
London Stock Exchange USD 16 Feb 2018 GLAU BF2RVR7 GLAU LN GLAU.L

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 08 Dec 2022

Current Yield 2.34%
Effective Convexity 0.86%
Effective Duration 6.83
Number of Holdings 7,176
Yield to Maturity 3.39%
Average Maturity in Years 8.65
Average Price $93.53

Fund Market Price as of 08 Dec 2022

Bid Price $29.46
Offer Price $29.52
Closing Price $29.49
Bid/Offer Spread $0.06
Day High -
Day Low -
52 Week High $33.19
52 Week Low $28.00

Fund Net Asset Value as of 08 Dec 2022

NAV $29.50
Share Class Assets $881.95 M
Shares in Issue 29,899,759
Total Fund Assets USD $1,936.13 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.


Yields as of 08 Dec 2022

Distribution Yield
1.38%

Fund Performance

  • Fund Inception Date: 14 Feb 2018
  • Index Inception Date: 31 Jan 1990

as of 30 Nov 2022

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
14 Feb 2018
Fund Net 30 Nov 2022 2.55% -1.14% -10.33% -10.71% -7.16% - - 3.49%
Difference 30 Nov 2022 0.00% -0.06% -0.17% -0.19% -0.50% - - -0.94%
Fund Gross 30 Nov 2022 2.56% -1.11% -10.25% -10.63% -6.88% - - 3.98%
Difference 30 Nov 2022 0.01% -0.03% -0.09% -0.10% -0.22% - - -0.44%
Index
30 Nov 2022 2.55% -1.08% -10.16% -10.52% -6.66% 3.23% 19.86% 4.42%

as of 30 Nov 2022

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
14 Feb 2018
Fund Net 30 Nov 2022 2.55% -1.14% -10.33% -10.71% -2.44% - - 0.72%
Difference 30 Nov 2022 0.00% -0.06% -0.17% -0.19% -0.17% - - -0.19%
Fund Gross 30 Nov 2022 2.56% -1.11% -10.25% -10.63% -2.35% - - 0.82%
Difference 30 Nov 2022 0.01% -0.03% -0.09% -0.10% -0.08% - - -0.09%
Index
30 Nov 2022 2.55% -1.08% -10.16% -10.52% -2.27% 0.64% 1.83% 0.91%

as of 30 Nov 2022

2022 (YTD) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund Net -10.33% -1.55% 5.35% 8.02% 3.01% - - - - - -
Difference -0.17% -0.16% -0.23% -0.19% -0.16% - - - - - -
Fund Gross -10.25% -1.45% 5.46% 8.13% 3.10% - - - - - -
Difference -0.09% -0.06% -0.12% -0.08% -0.07% - - - - - -
Index
-10.16% -1.39% 5.58% 8.22% 3.17% 3.04% 3.95% 1.02% 7.59% -0.14% 5.72%

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 Global Aggregate Bond USD Hdg UCITS ETF (Dist), tracking the Bloomberg Barclays Global Aggregate Bond Index (USD hedged).


Deviation & Tracking Error as of 30 Nov 2022

Standard Deviation 4.70%
Tracking Error 0.12%

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


Top Holdings

Fund Top Holdings as of 08 Dec 2022

Security Name Weight
TREASURY BILL 0 01/12/2023 0.48%
TREASURY BILL 0 02/09/2023 0.36%
TREASURY BILL 0 03/09/2023 0.26%
JAPAN (5 YEAR ISSUE) 0.1 09/20/2025 0.25%
JAPAN (5 YEAR ISSUE) 0.1 06/20/2025 0.24%
JAPAN (10 YEAR ISSUE) 0.2 03/20/2032 0.22%
Fannie Mae or Freddie Mac 4.5 12/31/2049 0.22%
JAPAN (5 YEAR ISSUE) 0.1 03/20/2025 0.22%
Fannie Mae 2 10/01/2050 0.21%
JAPAN (10 YEAR ISSUE) 0.1 12/20/2030 0.21%
Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 08 Dec 2022

Sector Weight
Treasury 54.15%
Mortgage Backed Securities 12.40%
Corporate - Industrial 9.23%
Corporate - Finance 7.03%
Agency 6.12%
Non Corporates 5.64%
Corporate - Utility 1.43%
CMBS 0.78%
Cash 0.71%
Asset Backed Securities 0.05%
Other 2.44%

Geographical Weights


Maturity Ladder

Fund Maturity Ladder as of 08 Dec 2022

Maturity Weight
0 - 1 Year 1.84%
1 - 2 Years 10.21%
2 - 3 Years 11.42%
3 - 5 Years 18.33%
5 - 7 Years 14.07%
7 - 10 Years 20.53%
10 - 15 Years 6.73%
15 - 20 Years 5.70%
20 - 30 Years 9.70%
> 30 Years 1.47%

Quality Breakdown

Fund Quality Breakdown as of 08 Dec 2022

Quality Weight
AAA 41.26%
A1 22.70%
AA1 1.98%
A2 3.09%
AA2 5.51%
A3 5.58%
AA3 5.98%
BAA1 4.07%
BAA2 7.33%
BAA3 2.52%

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

Past performance is not a guarantee of future results.

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 Global Aggregate Bond USD Hdg UCITS ETF (Dist), tracking the Bloomberg Barclays Global Aggregate Bond Index (USD hedged).

© 2022 Morningstar, Inc. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. State Street does not review the Morningstar data.