# State Street SPDR Dow Jones Global Real Estate UCITS ETF USD (GBRE)

**Page:** https://fundology.uk/fund/gbre · ISIN IE00B8GF1M35

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

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.

## Summary

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.

Latest close: **£28.47** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GBRE |
| ISIN | IE00B8GF1M35 |
| Also listed as | GLRE (London Stock Exchange, US dollars), SPYJ (Xetra, euros) |
| Category | Property & infrastructure |
| Type | ETF |
| Provider | SPDR |
| Tracks | DJ Global Select Real Estate Securities Index (RESI) |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £277m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/10/2012 |

## Income and distributions

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 14/11/2026, the latest distribution of GBRE was US$0.2491 per share: it went ex-dividend on 21/09/2026 and was paid on 29/09/2026. In the 12 months to 14/11/2026 GBRE declared 4 distributions, together US$0.9519 per share.

Latest distributions of GBRE per share, as of 14/11/2026:

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 21/09/2026 | 29/09/2026 | US$0.2491 |
| 22/06/2026 | 30/06/2026 | US$0.2744 |
| 23/03/2026 | 31/03/2026 | US$0.2228 |
| 22/12/2025 | 31/12/2025 | US$0.2056 |
| 22/09/2025 | 30/09/2025 | US$0.2524 |
| 23/06/2025 | 01/07/2025 | US$0.2808 |
| 24/03/2025 | 01/04/2025 | US$0.2195 |
| 20/12/2024 | 31/12/2024 | 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 15/03/2013.

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +8.99% | +5.13% | income reinvested |
| 3 years | +28.17% | +15.80% | income reinvested |
| 5 years | +4.11% | -18.74% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -18.5% | -25.4% | Price |
| 2023 | +2.3% | -1.7% | Price |
| 2024 | +0.1% | -3.3% | Price |
| 2025 | -3.3% | -6.6% | Price |
| 2026 to 13/11/2026 | +10.2% | +6.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.96% | -10.62% |
| 3 years | 13.33% | -16.28% |
| 5 years | 14.92% | -30.00% |

## Largest fall

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.

## Charges compared with similar funds

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).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| State Street SPDR Dow Jones Global Real Estate UCITS ETF Accum Unhedged USD | 0.40% | +9.4% | +25.7% | +4.3% |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF USD (this fund) | 0.40% | +9.0% | +28.2% | +4.1% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

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%.

### Top holdings

Largest positions (as of 05/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Welltower | [WELL](https://fundology.uk/stock/WELL) | 10.50% |
| 2 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 7.26% |
| 3 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 5.84% |
| 4 | Simon Property Group | [SPG](https://fundology.uk/stock/SPG) | 4.35% |
| 5 | Digital Realty Trust | [DLR](https://fundology.uk/stock/DLR) | 3.64% |
| 6 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 3.40% |
| 7 | Realty Income | [O](https://fundology.uk/stock/O) | 3.34% |
| 8 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 2.79% |
| 9 | Ventas | [VTR](https://fundology.uk/stock/VTR) | 2.71% |
| 10 | Extra Space Storage | [EXR](https://fundology.uk/stock/EXR) | 2.00% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 05/11/2026.

| Sector | Weight |
|---|---|
| Real Estate | 63.5% |
| Health Care | 0.1% |
| Not classified | 36.4% |

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| United States | 73.4% |
| Japan | 7.1% |
| United Kingdom | 3.8% |
| Singapore | 2.5% |
| Australia | 2.2% |
| Hong Kong | 1.7% |
| France | 1.7% |
| Switzerland | 1.3% |
| Other countries | 6.1% |

All 222 holdings: https://fundology.uk/fund/gbre/holdings

## 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.

## Fund documents

- [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-dow-jones-global-real-estate-ucits-etf-dist-spyj-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B8GF1M35&documentType=kiid&country=uk&language=en_gb&ticker=spyj-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spyj-gy.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.