# State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD (GLAU)

**Page:** https://fundology.uk/fund/glau · ISIN IE00BF1QPH33

## 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, GLAU (State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD, ISIN IE00BF1QPH33) closed at $29.74 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +3.4%, or −19.3% after UK CPIH inflation.

## Summary

State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD is an exchange-traded fund (ETF) from SPDR, launched in 2018. 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 paid out to holders as cash, usually a few times a year. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$29.74** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GLAU |
| ISIN | IE00BF1QPH33 |
| Also listed as | SPFU (Xetra, US dollars) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | SPDR |
| Tracks | Bloomberg Global Aggregate |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £750m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 14/02/2018 |

## 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 GLAU was US$0.5047 per share: it went ex-dividend on 03/08/2026 and was paid on 17/08/2026. In the 12 months to 14/11/2026 GLAU declared 2 distributions, together US$0.9887 per share.

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

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 03/08/2026 | 17/08/2026 | US$0.5047 |
| 02/02/2026 | 17/02/2026 | US$0.484 |
| 04/08/2025 | 18/08/2025 | US$0.4761 |
| 03/02/2025 | 18/02/2025 | US$0.4556 |
| 02/08/2024 | 16/08/2024 | US$0.4289 |
| 01/02/2024 | 15/02/2024 | US$0.3961 |
| 01/08/2023 | 15/08/2023 | US$0.3494 |
| 01/02/2023 | 15/02/2023 | US$0.2599 |

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 16 distributions are on record since 01/08/2018.

## 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 | -0.51% | -4.04% | income reinvested |
| 3 years | +4.25% | -5.81% | income reinvested |
| 5 years | +3.44% | -19.26% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD in pounds (price only, income paid out not included): 2022 −1.8%, 2023 −1.1%, 2024 +2.8%, 2025 −6.3%; 2026 to 13/11/2026 −1.7%. Returns of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.9%; to 30/09/2025: −0.6%; to 30/09/2024: −1.8%; to 30/09/2023: −10.1%; to 30/09/2022: +6.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.8% | -10.1% | Price |
| 2023 | -1.1% | -5.1% | Price |
| 2024 | +2.8% | -0.7% | Price |
| 2025 | -6.3% | -9.5% | Price |
| 2026 to 13/11/2026 | -1.7% | -4.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.52% | -5.93% |
| 3 years | 6.72% | -10.92% |
| 5 years | 7.46% | -15.13% |

## Largest fall

Volatility of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.7% over 3 years, 7.5% over 5 years. Largest fall in the price of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD since November 2021, in pounds: −15.1% from 23/09/2022 to 27/08/2026. The lowest 12-month return of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD in pounds (price only, income paid out not included) since January 2021 was −11.5% (12 months to 14/07/2023); the highest was +7.6% (12 months to 23/09/2022). On 13/11/2026 the price of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD was 13.6% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

## Funds tracking the same index

13 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 (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core Global Aggregate Bond -UCITS ETF DR Hedged- Distribution | 0.14% | -0.2% | +11.6% | +4.5% |
| Amundi Core Global Aggregate Bond -UCITS ETF DR- Capitalisation | 0.16% | -2.7% | +3.2% | -8.0% |
| Global Aggregate Bond UCITS ETF -ETFSHGBP- GBP | 0.10% | +2.1% | — | — |
| Global Aggregate Bond UCITS ETF Accu Shs -ETFCH- USD | 0.10% | +0.2% | — | — |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged EUR | 0.10% | -6.4% | +3.7% | -9.8% |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged NZD | 0.15% | -3.7% | -3.3% | — |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged USD | 0.10% | +0.1% | +5.8% | +3.0% |
| iShares Core Global Aggregate Bond UCITS ETF Hedged GBP | 0.10% | +0.4% | +13.6% | -0.6% |
| iShares Core Global Aggregate Bond UCITS ETF USD | 0.10% | -2.0% | +3.1% | -7.2% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD | 0.10% | -0.5% | +4.5% | +3.4% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged GBP | 0.10% | -0.2% | +12.1% | -0.1% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD (this fund) | 0.10% | -0.5% | +4.3% | +3.4% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF USD | 0.11% | -2.5% | +4.0% | -7.7% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** 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, GLAU holds 9,794 positions, according to its published holdings. The largest is Treasury Bill 0 11/24/2026 at 0.28% of the fund; the ten largest make up 2.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Bill 0 11/24/2026 | — | 0.28% |
| 2 | US Treasury N/B 4.375 05/15/2034 | — | 0.24% |
| 3 | US Treasury N/B 4.25 08/15/2035 | — | 0.23% |
| 4 | US Treasury N/B 4 11/15/2035 | — | 0.22% |
| 5 | US Treasury N/B 0.625 05/15/2030 | — | 0.21% |
| 6 | US Treasury N/B 3.75 04/15/2028 | — | 0.21% |
| 7 | China Government Bond 1.78 11/15/2035 | — | 0.20% |
| 8 | China Government Bond 1.83 08/25/2035 | — | 0.20% |
| 9 | US Treasury N/B 3.875 06/30/2030 | — | 0.20% |
| 10 | China Government Bond 1.79 03/25/2032 | — | 0.18% |

## Where it invests

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

### By country

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

| Country | Weight |
|---|---|
| United States | 40.5% |
| China | 11.0% |
| Japan | 8.1% |
| France | 5.1% |
| United Kingdom | 4.5% |
| Germany | 4.0% |
| Canada | 3.6% |
| Italy | 2.9% |
| Other countries | 19.8% |

The 3,624 holdings on record (of 9,794 reported): https://fundology.uk/fund/glau/holdings

## Questions people ask

**What is the ongoing charge of GLAU?**

The ongoing charge of GLAU is 0.10% a year — about £10 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 Bloomberg Global Aggregate Bond UCITS ETF Hedged USD 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

**What does GLAU track?**

GLAU tracks the Bloomberg Global Aggregate.

**Is GLAU accumulating or distributing?**

GLAU is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**When does GLAU pay dividends?**

GLAU pays its income out twice a year. In the 12 months to 14/11/2026 it went ex-dividend on 02/02/2026 and 03/08/2026. The latest distribution went ex-dividend on 03/08/2026 and was paid on 17/08/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.

**What is the ISIN of GLAU?**

The ISIN of GLAU is IE00BF1QPH33. An ISIN identifies one exact share class of a fund; GLAU is its ticker on the London Stock Exchange. The same share class is also listed as SPFU (Xetra, US dollars).

**What does GLAU hold?**

As of 05/11/2026, GLAU holds 9,794 positions, according to its published holdings. The largest is Treasury Bill 0 11/24/2026 at 0.28% of the fund; the ten largest make up 2.2%. Its ten largest holdings are Treasury Bill 0 11/24/2026 (0.28%), US Treasury N/B 4.375 05/15/2034 (0.24%), US Treasury N/B 4.25 08/15/2035 (0.23%), US Treasury N/B 4 11/15/2035 (0.22%), US Treasury N/B 0.625 05/15/2030 (0.21%), US Treasury N/B 3.75 04/15/2028 (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%) and China Government Bond 1.79 03/25/2032 (0.18%).

**What were GLAU’s returns in each of the last five years?**

Calendar-year returns of GLAU in pounds (price only, income paid out not included): 2022 −1.8%, 2023 −1.1%, 2024 +2.8%, 2025 −6.3%; 2026 to 13/11/2026 −1.7%. Past performance is not a guide to future returns.

**How has GLAU done after inflation?**

Over the five years to 13/11/2026 GLAU’s total return was +3.4%, or −19.3% 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-bloomberg-global-aggregate-bond-usd-hdg-ucits-etf-dist-spfu-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BF1QPH33&documentType=kiid&country=uk&language=en_gb&ticker=spfu-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spfu-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.