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SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) SYBM 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.

NAV USD (Official NAV)
$55,40
as of 29 May 2024
Share Class Currency
USD
1 Day Nav Change
-$0,39 (-0,70%)
as of 29 May 2024
Total Fund Assets USD
$1 552,55 M
as of 29 May 2024
TER
0,55%
as of 30 Apr 2024

Fund Objective

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

Index Description

The Bloomberg EM Local Currency Liquid Government Bond Index is a country-constrained index designed to provide a broad measure of the performance of liquid local currency emerging markets debt. It limits country exposure to a maximum of 10% and redistributes the excess market value index-wide on a pro-rata basis. To be included in the index, securities must have an amount outstanding of at least US$1 billion equivalent.

Fund Information as of 30 May 2024

ISIN IE00B4613386
iNAV Ticker

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

INSYBME
Inception Date 13 May 2011
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Share Class Currency USD
Income Treatment Distribution
Settlement Cycle Redemption Settlement Cycle, DD+4; Subscription Settlement Cycle, DD+4
Trading Cycle DD+1
TER 0,55%
Benchmark Bloomberg Emerging Markets Local Currency Liquid Government Bond Index
Minimum Investment 1 Share
Trading Currency CHF, EUR, GBP, 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 Singapore Limited

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 Yes

Listing and Ticker Information as of 30 May 2024

Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
Deutsche Börse (Primary) EUR 18 May 2011 SYBM B3XP273 SYBM GY SYBM.DE
London Stock Exchange GBP 26 Jul 2011 EMDL B6WFJ74 EMDL LN EMDL.L
London Stock Exchange USD 26 Jul 2011 EMDD B461338 EMDD LN EMDD.L
Euronext Paris EUR 05 Oct 2011 EMLD B5V58D7 EMLD FP EMLD.PA
SIX Swiss Exchange CHF 31 Jan 2012 EMDL B75LRV6 EMDL SE EMDL.S
Borsa Italiana EUR 31 Jan 2012 EMLD B435BQ2 EMLD IM EMLD.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 29 May 2024

Current Yield 5,23%
Effective Convexity 0,79%
Effective Duration 6,07
Number of Holdings 509
Yield to Maturity 6,50%
Average Maturity in Years 8,84
Average Price $93,92

Fund Market Price as of 29 May 2024

Bid Price €51,06
Offer Price €51,13
Closing Price €51,04
Bid/Offer Spread €0,07
Day High €51,26
Day Low €51,04
52 Week High €53,57
52 Week Low €49,66

Fund Net Asset Value as of 29 May 2024

NAV USD (Official NAV) $55,40
NAV CHF CHF 50,59
NAV EUR €51,23
NAV GBP £43,57
Share Class Assets $1 377,81 M
Shares in Issue 24 870 599
Total Fund Assets USD $1 552,55 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 29 May 2024

Distribution Yield

This measures the 12 month historical dividend pay-out per share divided by the NAV.

4,88%

Fund Performance

  • Fund Inception Date: 13 May 2011
  • Index Inception Date: 31 Dec 2009
  • Performance Inception Date: 16 May 2011

as of 30 Apr 2024

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
16 May 2011
Fund Net 30 Apr 2024 -2,69% -3,14% -4,92% 0,21% -3,42% -0,59% -0,83% -0,33%
Difference 30 Apr 2024 -0,04% -0,20% -0,23% -0,74% -0,65% -0,75% -0,83% -0,84%
Fund Gross 30 Apr 2024 -2,65% -3,00% -4,75% 0,76% -2,89% -0,05% -0,29% 0,22%
Difference 30 Apr 2024 0,00% -0,07% -0,06% -0,19% -0,12% -0,20% -0,28% -0,29%
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index
30 Apr 2024 -2,65% -2,94% -4,69% 0,96% -2,77% 0,16% 0,00% 0,51%

as of 30 Apr 2024

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
16 May 2011
Fund Net 30 Apr 2024 -2,69% -3,14% -4,92% 0,21% -9,92% -2,94% -8,03% -4,20%
Difference 30 Apr 2024 -0,04% -0,20% -0,23% -0,74% -1,84% -3,72% -8,00% -10,97%
Fund Gross 30 Apr 2024 -2,65% -3,00% -4,75% 0,76% -8,42% -0,24% -2,84% 2,86%
Difference 30 Apr 2024 0,00% -0,07% -0,06% -0,19% -0,34% -1,02% -2,81% -3,91%
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index
30 Apr 2024 -2,65% -2,94% -4,69% 0,96% -8,08% 0,79% -0,03% 6,77%

as of 30 Apr 2024

2024 (YTD) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund Net -4,92% 10,45% -10,71% -8,43% 3,27% 12,17% -5,78% 14,02% 5,83% -12,63% -4,38%
Difference -0,23% -0,90% -0,47% -0,62% -0,95% -0,98% -1,02% -1,01% -1,06% -0,80% -0,68%
Fund Gross -4,75% 11,05% -10,22% -7,92% 3,84% 12,79% -5,27% 14,64% 6,41% -12,15% -3,86%
Difference -0,06% -0,29% 0,02% -0,12% -0,38% -0,36% -0,50% -0,38% -0,48% -0,32% -0,15%
Index
Bloomberg Emerging Markets Local Currency Liquid Government Bond Index
-4,69% 11,34% -10,24% -7,80% 4,23% 13,15% -4,77% 15,02% 6,89% -11,83% -3,71%

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 UCITS ETF (Dist), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index.

Deviation & Tracking Error as of 30 Apr 2024

Standard Deviation 10,31%
Tracking Error 0,20%

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

Top Holdings

Fund Top Holdings as of 29 May 2024

Security Name Weight
MEX BONOS DESARR FIX RT 5.75 03/05/2026 1,62%
NOTA DO TESOURO NACIONAL 10 01/01/2029 1,50%
LETRA TESOURO NACIONAL 0 07/01/2025 1,46%
NOTA DO TESOURO NACIONAL 10 01/01/2027 1,32%
LETRA TESOURO NACIONAL 0 01/01/2026 1,16%
MEX BONOS DESARR FIX RT 7.75 05/29/2031 1,12%
MEX BONOS DESARR FIX RT 7.5 06/03/2027 1,11%
MEX BONOS DESARR FIX RT 5.5 03/04/2027 0,93%
LETRA TESOURO NACIONAL 0 07/01/2026 0,89%
REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048 0,83%
Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 29 May 2024

Sector Weight
Treasury 98,24%
Cash 1,31%
Agency 0,45%

Geographical Weights

Maturity Ladder

Fund Maturity Ladder as of 29 May 2024

Maturity Weight
0 - 1 Year 1,71%
1 - 2 Years 11,53%
2 - 3 Years 12,79%
3 - 5 Years 17,43%
5 - 7 Years 13,37%
7 - 10 Years 14,84%
10 - 15 Years 10,81%
15 - 20 Years 5,89%
20 - 30 Years 9,57%
> 30 Years 2,07%

Quality Breakdown

Fund Quality Breakdown as of 29 May 2024

Quality Weight
AAA 1,31%
AA2 10,02%
AA3 3,84%
A1 12,98%
A2 6,70%
A3 9,61%
BAA1 7,93%
BAA2 26,92%
BAA3 5,59%
BA2 13,83%
B1 1,27%

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 UCITS ETF (Dist), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index.

The recipient is only permitted to view or receive the Index Data in the form in which it is in presented. The recipient understands, acknowledges and agrees that use of the Index Data is at its sole risk. The recipient understands, acknowledges and agrees that the Index Data is provided "as is" and that neither Morningstar UK Limited (Morningstar) nor its content providers warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data. The recipient further understands, acknowledges and agrees that the Index Data is provided to you as an investor in financial products solely pursuant to regulatory requirements and for informational purposes only. The Index Data may not be used by you for commercial purposes and may not be used for trading or other purposes in lieu of a subscription to such Index Data with Morningstar.