# S&P US Financials Select Sector (GXLF)

**Page:** https://fundology.uk/fund/gxlf · ISIN IE00BWBXM500

## 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, GXLF (S&P US Financials Select Sector, ISIN IE00BWBXM500) closed at £52.75 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +57.4%, or +22.9% after UK CPIH inflation.

## Summary

SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector is an exchange-traded fund (ETF) from SPDR, launched in 2015. It tracks the S&P Financials Select Sector Daily Capped 35/20 Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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.

Latest close: **£52.75** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GXLF |
| ISIN | IE00BWBXM500 |
| Also listed as | SXLF (London Stock Exchange, US dollars), ZPDF (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | SPDR |
| Tracks | S&P Financials Select Sector Daily Capped 35/20 Index |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £562m |
| Launched | 2015 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/07/2015 |

## 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 | +8.96% | +5.10% | income reinvested |
| 3 years | +65.38% | +49.42% | income reinvested |
| 5 years | +57.45% | +22.90% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector in pounds (price, with income reinvested in the fund): 2023 +6.1%, 2024 +33.4%, 2025 +5.3%; 2026 to 13/11/2026 +10.2%. Returns of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.2%; to 30/09/2025: +18.7%; to 30/09/2024: +25.2%; to 30/09/2023: +0.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +6.1% | +1.8% | Price |
| 2024 | +33.4% | +28.8% | Price |
| 2025 | +5.3% | +1.7% | Price |
| 2026 to 13/11/2026 | +10.2% | +6.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.16% | -12.61% |
| 3 years | 14.71% | -16.43% |

## Largest fall

Volatility of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector in pounds, annualised from weekly returns to 13/11/2026: 13.2% over 1 year, 14.7% over 3 years. Largest fall in the price of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector since April 2022, in pounds: −16.8% from 03/02/2023 to 24/03/2023. The lowest 12-month return of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector in pounds (price, with income reinvested in the fund) since April 2022 was −10.6% (12 months to 07/04/2023); the highest was +46.4% (12 months to 22/11/2024). On 13/11/2026 the price of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector was at its highest weekly close since April 2022, in pounds.

## Charges compared with similar funds

Ongoing charge of SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector 0.15% a year. Compared on 14/11/2026, 134 of the 164 other single-sector funds charge more, 15 the same and 15 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** 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, GXLF holds 76 positions, according to its published holdings. The largest is Berkshire Hathaway · Class B at 13.17% of the fund; the ten largest make up 57.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 13.17% |
| 2 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 11.08% |
| 3 | Visa · Class A | [V](https://fundology.uk/stock/V) | 8.90% |
| 4 | Mastercard · Class A | [MA](https://fundology.uk/stock/MA) | 6.55% |
| 5 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 4.00% |
| 6 | Wells Fargo | [WFC](https://fundology.uk/stock/WFC) | 3.17% |
| 7 | Goldman Sachs Group | [GS](https://fundology.uk/stock/GS) | 3.13% |
| 8 | Morgan Stanley | [MS](https://fundology.uk/stock/MS) | 2.69% |
| 9 | Citigroup | [C](https://fundology.uk/stock/C) | 2.46% |
| 10 | American Express | [AXP](https://fundology.uk/stock/AXP) | 2.12% |

All 76 holdings: https://fundology.uk/fund/gxlf/holdings

## Questions people ask

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

The ongoing charge of GXLF is 0.15% a year — about £15 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 SSgA SPDR ETFs Europe II Plc - S&P US Financials Select Sector 0.15% a year. Compared on 14/11/2026, 134 of the 164 other single-sector funds charge more, 15 the same and 15 less (share classes counted once).

**What does GXLF track?**

GXLF tracks the S&P Financials Select Sector Daily Capped 35/20 Index.

**Is GXLF accumulating or distributing?**

GXLF is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of GXLF?**

The ISIN of GXLF is IE00BWBXM500. An ISIN identifies one exact share class of a fund; GXLF is its ticker on the London Stock Exchange. The same share class is also listed as SXLF (London Stock Exchange, US dollars) and ZPDF (Xetra, euros).

**What does GXLF hold?**

As of 05/11/2026, GXLF holds 76 positions, according to its published holdings. The largest is Berkshire Hathaway · Class B at 13.17% of the fund; the ten largest make up 57.3%. Its ten largest holdings are Berkshire Hathaway · Class B (13.17%), JP Morgan Chase (11.08%), Visa · Class A (8.90%), Mastercard · Class A (6.55%), Bank of America (4.00%), Wells Fargo (3.17%), Goldman Sachs Group (3.13%), Morgan Stanley (2.69%), Citigroup (2.46%) and American Express (2.12%).

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

Calendar-year returns of GXLF in pounds (price, with income reinvested in the fund): 2023 +6.1%, 2024 +33.4%, 2025 +5.3%; 2026 to 13/11/2026 +10.2%. Past performance is not a guide to future returns.

**How has GXLF done after inflation?**

Over the five years to 13/11/2026 GXLF’s total return was +57.4%, or +22.9% 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-sp-us-financials-select-sector-ucits-etf-acc-zpdf-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BWBXM500&documentType=kiid&country=uk&language=en_gb&ticker=zpdf-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-zpdf-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.