# State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD (GLAD) **Source:** https://fundology.uk/fund/glad · ISIN IE00BKC94M46 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, GLAD (State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD, ISIN IE00BKC94M46) closed at $31.18 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +2.1%, or −20.2% after UK CPIH inflation. ## Summary State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD is an exchange-traded fund (ETF) from SPDR, launched in 2019. It tracks the Bloomberg Global Aggregate. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **$31.18** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GLAD | | ISIN | IE00BKC94M46 | | Category | Corporate & other bonds | | Type | ETF | | Provider | SPDR | | Tracks | Bloomberg Global Aggregate | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £345m | | Launched | 2019 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +0.47% | -2.68% | income reinvested | | 3 years | +4.14% | -6.02% | income reinvested | | 5 years | +2.06% | -20.22% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD in pounds (price, with income reinvested in the fund): 2022 −0.6%, 2023 +0.9%, 2024 +4.2%, 2025 −2.4%; 2026 to 30/09/2026 +0.3%. Returns of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: 0.0%; to 30/09/2025: +3.0%; to 30/09/2024: +0.8%; to 30/09/2023: −8.2%; to 30/09/2022: +8.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -0.6% | -9.0% | Price | | 2023 | +0.9% | -3.1% | Price | | 2024 | +4.2% | +0.6% | Price | | 2025 | -2.4% | -5.7% | Price | | 2026 to 30/09/2026 | +0.3% | -2.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.88% | -4.45% | | 3 years | 6.67% | -8.73% | | 5 years | 7.57% | -12.91% | ## Largest fall Volatility of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD in pounds, annualised from weekly returns to 30/09/2026: 5.9% over 1 year, 6.7% over 3 years, 7.6% over 5 years. Largest fall in the price of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD since October 2021, in pounds: −12.9% from 23/09/2022 to 14/07/2023. The lowest 12-month return of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD in pounds (price, with income reinvested in the fund) since January 2021 was −10.2% (12 months to 14/07/2023); the highest was +8.7% (12 months to 23/09/2022). On 30/09/2026 the price of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD was 4.9% below its highest weekly close since October 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD 0.10% a year, as of 01/10/2026: 349 of the 383 other corporate and other bond funds charge more, 22 the same and 12 less (share classes counted once). ## Funds tracking the same index 7 funds track Bloomberg Global Aggregate, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.16% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core Global Aggregate Bond -UCITS ETF DR Hedged- Distribution | 0.14% | -0.8% | +11.6% | +3.0% | | Amundi Core Global Aggregate Bond -UCITS ETF DR- Capitalisation | 0.16% | -1.0% | +2.7% | -8.0% | | Global Aggregate Bond UCITS ETF -ETFSHGBP- GBP | 0.10% | +0.9% | — | — | | Global Aggregate Bond UCITS ETF Accu Shs -ETFCH- USD | 0.10% | +0.5% | — | — | | State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD (this fund) | 0.10% | +0.5% | +4.1% | +2.1% | | State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged GBP | 0.10% | -0.7% | +12.2% | -1.4% | | State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF USD | 0.12% | -1.0% | +2.8% | -7.6% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | US Treasury N/B 4.25 08/15/2035 | 0.23% | | US Treasury N/B 0.625 05/15/2030 | 0.21% | | US Treasury N/B 3.75 04/15/2028 | 0.21% | | US Treasury N/B 4 11/15/2035 | 0.21% | | China Government Bond 1.78 11/15/2035 | 0.20% | | China Government Bond 1.83 08/25/2035 | 0.20% | | US Treasury N/B 3.875 06/30/2030 | 0.20% | | US Treasury N/B 4.375 05/15/2034 | 0.20% | | China Government Bond 1.79 03/25/2032 | 0.19% | | Fannie Mae 2 05/01/2051 | 0.18% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings SPDR publishes, as of 30/09/2026. | Country | Weight | |---|---| | United States | 40.2% | | China | 11.1% | | Japan | 8.1% | | France | 5.3% | | United Kingdom | 4.4% | | Germany | 4.0% | | Canada | 3.5% | | Italy | 3.0% | | Other countries | 20.4% | All 3,606 holdings: https://fundology.uk/fund/glad/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.