# State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD (KSAB)

**Page:** https://fundology.uk/fund/ksab · ISIN IE000QRDCYW2

## 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, KSAB (State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD, ISIN IE000QRDCYW2) closed at $30.92 on the London Stock Exchange. Its ongoing charge is 0.37% a year (about £37 on £10,000). Over the year to 13/11/2026 its total return was −1.8%, or −5.3% after UK CPIH inflation.

## Summary

State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD is an exchange-traded fund (ETF) from SPDR, launched in 2024. It tracks the J.P.Morgan Saudi Arabia Aggregate Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.37% a year — about £37 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: **$30.92** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | KSAB |
| ISIN | IE000QRDCYW2 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | SPDR |
| Tracks | J.P.Morgan Saudi Arabia Aggregate Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.37% a year (£37 per £10,000) |
| Fund size | £163m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/12/2024 |

## 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 | -1.79% | -5.27% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2025 −1.4%; 2026 to 13/11/2026 −0.8%. Returns of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -1.4% | -4.8% | Price |
| 2026 to 13/11/2026 | -0.8% | -3.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.79% | -5.33% |

## Largest fall

Volatility of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year. Largest fall in the price of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD since December 2024, in pounds: −7.2% from 28/02/2025 to 23/05/2025. On 13/11/2026 the price of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD was 3.6% below its highest weekly close since December 2024 (31/10/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD 0.37% a year. Compared on 14/11/2026, 112 of the 427 other corporate and other bond funds charge more, 2 the same and 313 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.37%** 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, KSAB holds 78 positions, according to its published holdings. The largest is Saudi Govt Sukuk 5.59 04/25/2036 at 6.18% of the fund; the ten largest make up 37.9%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Saudi Govt Sukuk 5.59 04/25/2036 | — | 6.18% |
| 2 | Saudi Govt Sukuk 5.14 01/18/2039 | — | 6.04% |
| 3 | Saudi Govt Sukuk 4.57 08/17/2032 | — | 5.36% |
| 4 | Saudi Govt Sukuk 4.94 01/18/2034 | — | 5.36% |
| 5 | Saudi Govt Sukuk 4.6 08/17/2033 | — | 3.13% |
| 6 | Saudi International Bond 4.375 04/16/2029 | — | 2.61% |
| 7 | Saudi Govt Sukuk 5.4 04/25/2031 | — | 2.58% |
| 8 | Saudi International Bond 3.625 03/04/2028 | — | 2.23% |
| 9 | Saudi International Bond 5.75 01/16/2054 | — | 2.22% |
| 10 | Ksa Sukuk Ltd 4.274 05/22/2029 | — | 2.19% |

## 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 |
|---|---|
| Saudi Arabia | 70.0% |
| Cayman Islands | 29.7% |
| United States | 0.3% |

All 78 holdings: https://fundology.uk/fund/ksab/holdings

## Questions people ask

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

The ongoing charge of KSAB is 0.37% a year — about £37 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 J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF Accum USD 0.37% a year. Compared on 14/11/2026, 112 of the 427 other corporate and other bond funds charge more, 2 the same and 313 less (share classes counted once).

**What does KSAB track?**

KSAB tracks the J.P.Morgan Saudi Arabia Aggregate Index - Benchmark TR Net.

**Is KSAB accumulating or distributing?**

KSAB 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 KSAB?**

The ISIN of KSAB is IE000QRDCYW2. An ISIN identifies one exact share class of a fund; KSAB is its ticker on the London Stock Exchange.

**What does KSAB hold?**

As of 05/11/2026, KSAB holds 78 positions, according to its published holdings. The largest is Saudi Govt Sukuk 5.59 04/25/2036 at 6.18% of the fund; the ten largest make up 37.9%. Its ten largest holdings are Saudi Govt Sukuk 5.59 04/25/2036 (6.18%), Saudi Govt Sukuk 5.14 01/18/2039 (6.04%), Saudi Govt Sukuk 4.57 08/17/2032 (5.36%), Saudi Govt Sukuk 4.94 01/18/2034 (5.36%), Saudi Govt Sukuk 4.6 08/17/2033 (3.13%), Saudi International Bond 4.375 04/16/2029 (2.61%), Saudi Govt Sukuk 5.4 04/25/2031 (2.58%), Saudi International Bond 3.625 03/04/2028 (2.23%), Saudi International Bond 5.75 01/16/2054 (2.22%) and Ksa Sukuk Ltd 4.274 05/22/2029 (2.19%).

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

Calendar-year returns of KSAB in pounds (price, with income reinvested in the fund): 2025 −1.4%; 2026 to 13/11/2026 −0.8%. Past performance is not a guide to future returns.

**How has KSAB done after inflation?**

Over the year to 13/11/2026 KSAB’s total return was −1.8%, or −5.3% 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-jp-morgan-saudi-arabia-aggregate-bond-ucits-etf-acc-ksab-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE000QRDCYW2&documentType=kiid&country=uk&language=en_gb&ticker=ksab-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-ksab-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.