ETF · SPDR
GBRE State Street SPDR Dow Jones Global Real Estate UCITS ETF USD
ISIN IE00B8GF1M35London Stock Exchange: GBREState Street Corp.
- Property & infrastructure
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£28.47
on
- Ongoing charge
- 0.40% a year
- Fund size
- £277m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, GBRE (State Street SPDR Dow Jones Global Real Estate UCITS ETF USD, ISIN IE00B8GF1M35) closed at £28.47 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +4.1%, or −18.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +9.0%
- +5.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +28.2%
- +15.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +4.1%
- −18.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,041 on 13/11/2026 — about £813 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD in pounds (price only, income paid out not included): 2022 −18.5%, 2023 +2.3%, 2024 +0.1%, 2025 −3.3%; 2026 to 13/11/2026 +10.2%. Returns of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +3.9%; to 30/09/2025: −4.4%; to 30/09/2024: +13.4%; to 30/09/2023: −9.7%; to 30/09/2022: −7.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +10.2% | +6.7% | |
| to | −3.3% | −6.6% | |
| to | +0.1% | −3.3% | |
| +2.3% | −1.7% | ||
| −18.5% | −25.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +3.9% | +0.2% |
| from | −4.4% | −8.1% |
| from | +13.4% | +10.6% |
| from | −9.7% | −15.1% |
| from | −7.6% | −15.1% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
14.9%over 5 years
| 1 year | 13.0% |
|---|---|
| 3 years | 13.3% |
| 5 years | 14.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −30.0%
- From to
- Lowest 12-month return
- −21.6%
- 12 months to
- Highest 12-month return
- +27.6%
- 12 months to
- Below its highest weekly close since November 2021
- 11.9%
- High of , latest
In words: Volatility of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 13.0% over 1 year, 13.3% over 3 years, 14.9% over 5 years. Largest fall in the price of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD since November 2021, in pounds: −30.0% from 22/04/2022 to 27/10/2023. The lowest 12-month return of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −21.6% (12 months to 21/04/2023); the highest was +27.6% (12 months to 07/01/2022). On 13/11/2026 the price of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD was 11.9% below its highest weekly close since November 2021 (22/04/2022), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.40%
- a year
- On £10,000
- £40
- a year, roughly
- Over five years
- £198
- of £10,000, before growth
- 11 charge less
- 9 the same
- 25 charge more
Ongoing charge of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
State Street SPDR Dow Jones Global Real Estate UCITS ETF USD is an exchange-traded fund (ETF) from SPDR, launched in 2012.
It tracks the DJ Global Select Real Estate Securities Index (RESI).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- GBRE
- ISIN
- IE00B8GF1M35
- Also listed as
- GLRE (London Stock Exchange, US dollars), SPYJ (Xetra, euros)
- Provider
- SPDR
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.40% a year · about £40 on £10,000
- Fund size
- £277m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Property & infrastructure
Income and distributions
As of , the latest distribution of GBRE was US$0.2491 per share: it went ex-dividend on and was paid on . In the 12 months to GBRE declared 4 distributions, together US$0.9519 per share.
- Latest distribution
- US$0.2491
- per share, ex-dividend
- 12 months to
- US$0.9519
- per share, from 4 distributions
| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| US$0.2491 | ||
| US$0.2744 | ||
| US$0.2228 | ||
| US$0.2056 | ||
| US$0.2524 | ||
| US$0.2808 | ||
| US$0.2195 | ||
| US$0.1902 |
GBRE declares its distributions in US dollars; what reaches an account in pounds depends on the exchange rate the platform uses.
Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 55 distributions are on record since .
As of
Price chart
Over the last year, the closing price went from £26.60 on 14/11/2025 to £28.47 on 13/11/2026 (+7.1%). The lowest close shown was £25.80 on 26/12/2025 and the highest £30.03 on 24/07/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 222
- on record
- Ten largest
- 45.8%
- of the whole fund
- Effective number of holdings
- 34
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 10.5%
- Welltower
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | WelltowerWELLReal EstateUnited States | 10.50% |
| 2 | PrologisPLDReal EstateUnited States | 7.26% |
| 3 | EquinixEQIXReal EstateUnited States | 5.84% |
| 4 | Simon Property GroupSPGUnited States | 4.35% |
| 5 | Digital Realty TrustDLRReal EstateUnited States | 3.64% |
| 6 | Public StoragePSAUnited States | 3.40% |
| 7 | Realty IncomeOUnited States | 3.34% |
| 8 | Vivmark ResidentialVMRKReal EstateUnited States | 2.79% |
| 9 | VentasVTRReal EstateUnited States | 2.71% |
| 10 | Extra Space StorageEXRUnited States | 2.00% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Real Estate63.5%
- Health Care0.1%
- Not classified36.4%
By country
- United States73.4%
- Japan7.1%
- United Kingdom3.8%
- Singapore2.5%
- Australia2.2%
- Hong Kong1.7%
- France1.7%
- Switzerland1.3%
- Other countries6.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 222 holdings; the ten largest make up 45.8% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track DJ Global Select Real Estate Securities Index (RESI), this one included and share classes counted once; their ongoing charges range from 0.40% to 0.40% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| State Street SPDR Dow Jones Global Real Estate UCITS ETF Accum Unhedged USDAccumulating · 0.40% a year | 0.40% | +9.4% | +25.7% | +4.3% |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF USDThis fundDistributing · 0.40% a year | 0.40% | +9.0% | +28.2% | +4.1% |
As of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of GBRE?
The ongoing charge of GBRE is 0.40% a year — about £40 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR Dow Jones Global Real Estate UCITS ETF USD 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).
What does GBRE track?
GBRE tracks the DJ Global Select Real Estate Securities Index (RESI).
Is GBRE accumulating or distributing?
GBRE is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
When does GBRE pay dividends?
GBRE pays its income out quarterly. In the 12 months to 14/11/2026 it went ex-dividend on 22/12/2025, 23/03/2026, 22/06/2026 and 21/09/2026. The latest distribution went ex-dividend on 21/09/2026 and was paid on 29/09/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.
What is the ISIN of GBRE?
The ISIN of GBRE is IE00B8GF1M35. An ISIN identifies one exact share class of a fund; GBRE is its ticker on the London Stock Exchange. The same share class is also listed as GLRE (London Stock Exchange, US dollars) and SPYJ (Xetra, euros).
What does GBRE hold?
As of 05/11/2026, GBRE holds 222 positions, according to its published holdings. The largest is Welltower at 10.50% of the fund; the ten largest make up 45.8%. Its ten largest holdings are Welltower (10.50%), Prologis (7.26%), Equinix (5.84%), Simon Property Group (4.35%), Digital Realty Trust (3.64%), Public Storage (3.40%), Realty Income (3.34%), Vivmark Residential (2.79%), Ventas (2.71%) and Extra Space Storage (2.00%).
What were GBRE’s returns in each of the last five years?
Calendar-year returns of GBRE in pounds (price only, income paid out not included): 2022 −18.5%, 2023 +2.3%, 2024 +0.1%, 2025 −3.3%; 2026 to 13/11/2026 +10.2%. Past performance is not a guide to future returns.
How has GBRE done after inflation?
Over the five years to 13/11/2026 GBRE’s total return was +4.1%, or −18.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- HPROHSBC FTSE EPRA/NAREIT Developed UCITS ETF0.32% a year · £2.0bn
- INFRiShares Global Infrastructure UCITS ETF USD0.65% a year · £2.0bn
- FGRDFirst Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF Accum A USD0.70% a year · £1.9bn
- 0VQMUBS ETF (CH) SXI Real Estate Funds (CHF) A-dis1.05% a year · £1.5bn
- IWDPiShares Developed Markets Property Yield UCITS ETF0.59% a year · £682m
- HPRSHSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF Acc0.32% a year · £679m
- IPRPiShares European Property Yield UCITS ETF EUR0.40% a year · £635m
- PAVEGlobal X U.S. Infrastructure Development UCITS ETF AccumUSD0.47% a year · £574m
Fund documents and methods
- Fund documents
- Fund page at State Street Global Advisors · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.