# S&P US Technology Select Sector (GXLK) **Page:** https://fundology.uk/fund/gxlk · ISIN IE00BWBXM948 ## 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, GXLK (S&P US Technology Select Sector, ISIN IE00BWBXM948) closed at £130.11 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 +107.9%, or +62.3% after UK CPIH inflation. ## Summary SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector is an exchange-traded fund (ETF) from SPDR, launched in 2015. It tracks the S&P TECHNOLOGY SELECT SECTOR DAILY CAPPED 25/20 NTR. 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: **£130.11** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GXLK | | ISIN | IE00BWBXM948 | | Also listed as | SXLK (London Stock Exchange, US dollars), ZPDT (Xetra, euros) | | Category | Technology | | Type | ETF | | Provider | SPDR | | Tracks | S&P TECHNOLOGY SELECT SECTOR DAILY CAPPED 25/20 NTR | | Income | Accumulating | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £1.6bn | | 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 | +11.71% | +7.75% | income reinvested | | 3 years | +75.98% | +58.99% | income reinvested | | 5 years | +107.89% | +62.27% | 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 Technology Select Sector in pounds (price, with income reinvested in the fund): 2023 +48.3%, 2024 +25.5%, 2025 +14.2%; 2026 to 13/11/2026 +14.7%. Returns of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +30.9%; to 30/09/2025: +29.3%; to 30/09/2024: +24.9%; to 30/09/2023: +24.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +48.3% | +42.4% | Price | | 2024 | +25.5% | +21.2% | Price | | 2025 | +14.2% | +10.3% | Price | | 2026 to 13/11/2026 | +14.7% | +11.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 22.86% | -14.95% | | 3 years | 22.41% | -24.97% | ## Largest fall Volatility of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector in pounds, annualised from weekly returns to 13/11/2026: 22.9% over 1 year, 22.4% over 3 years. Largest fall in the price of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector since April 2022, in pounds: −25.0% from 24/01/2025 to 04/04/2025. The lowest 12-month return of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector in pounds (price, with income reinvested in the fund) since April 2022 was −11.8% (12 months to 04/04/2025); the highest was +56.1% (12 months to 29/05/2026). On 13/11/2026 the price of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector was 13.8% below its highest weekly close since April 2022 (02/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of SSgA SPDR ETFs Europe II Plc - S&P US Technology Select Sector 0.15% a year. Compared on 14/11/2026, 114 of the 119 other technology funds charge more, 2 the same and 3 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, GXLK holds 76 positions, according to its published holdings. The largest is Apple at 21.12% of the fund; the ten largest make up 77.0%. ### Top holdings Largest positions (as of 05/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 21.12% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 19.54% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 18.02% | | 4 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 6.28% | | 5 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 3.36% | | 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.99% | | 7 | Cisco Systems | [CSCO](https://fundology.uk/stock/CSCO) | 1.71% | | 8 | Palantir Technologies · Class A | [PLTR](https://fundology.uk/stock/PLTR) | 1.61% | | 9 | Intel | [INTC](https://fundology.uk/stock/INTC) | 1.18% | | 10 | Palo Alto Networks | [PANW](https://fundology.uk/stock/PANW) | 1.16% | All 76 holdings: https://fundology.uk/fund/gxlk/holdings ## Questions people ask **What is the ongoing charge of GXLK?** The ongoing charge of GXLK 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 Technology Select Sector 0.15% a year. Compared on 14/11/2026, 114 of the 119 other technology funds charge more, 2 the same and 3 less (share classes counted once). **What does GXLK track?** GXLK tracks the S&P TECHNOLOGY SELECT SECTOR DAILY CAPPED 25/20 NTR. **Is GXLK accumulating or distributing?** GXLK 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 GXLK?** The ISIN of GXLK is IE00BWBXM948. An ISIN identifies one exact share class of a fund; GXLK is its ticker on the London Stock Exchange. The same share class is also listed as SXLK (London Stock Exchange, US dollars) and ZPDT (Xetra, euros). **What does GXLK hold?** As of 05/11/2026, GXLK holds 76 positions, according to its published holdings. The largest is Apple at 21.12% of the fund; the ten largest make up 77.0%. Its ten largest holdings are Apple (21.12%), NVIDIA (19.54%), Microsoft (18.02%), Broadcom (6.28%), Micron Technology (3.36%), Advanced Micro Devices (2.99%), Cisco Systems (1.71%), Palantir Technologies · Class A (1.61%), Intel (1.18%) and Palo Alto Networks (1.16%). **What were GXLK’s returns in each of the last five years?** Calendar-year returns of GXLK in pounds (price, with income reinvested in the fund): 2023 +48.3%, 2024 +25.5%, 2025 +14.2%; 2026 to 13/11/2026 +14.7%. Past performance is not a guide to future returns. **How has GXLK done after inflation?** Over the five years to 13/11/2026 GXLK’s total return was +107.9%, or +62.3% 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-sp-us-technology-select-sector-ucits-etf-acc-zpdt-gy) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BWBXM948&documentType=kiid&country=uk&language=en_gb&ticker=zpdt-gy) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-zpdt-gy.pdf) - Links checked 12/10/2026. --- 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.