# State Street SPDR MSCI World UCITS ETF Hedged GBP (SWLH) **Source:** https://fundology.uk/fund/swlh · ISIN IE0005POVJH8 · 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, SWLH (State Street SPDR MSCI World UCITS ETF Hedged GBP, ISIN IE0005POVJH8) closed at £16.46 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the three years to 30/09/2026 its total return was +34.2%, or +21.1% after UK CPIH inflation. ## Summary State Street SPDR MSCI World UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from SPDR, launched in 2023. It tracks the MSCI World 100% Hedged to GBP Net Variant — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.17% a year — about £17 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: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£16.46** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SWLH | | ISIN | IE0005POVJH8 | | Category | Global shares | | Type | ETF | | Provider | SPDR | | Tracks | MSCI World 100% Hedged to GBP Net Variant | | Income | Distributing | | Ongoing charge | 0.17% a year (£17 per £10,000) | | Fund size | £225m | | Launched | 2023 | | 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 | +17.16% | +13.48% | income reinvested | | 3 years | +34.15% | +21.06% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2024 +20.8%, 2025 +16.8%; 2026 to 30/09/2026 +11.6%. Returns of State Street SPDR MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +16.8%; to 30/09/2025: +14.7%; to 30/09/2024: +27.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +20.8% | +16.7% | Price | | 2025 | +16.8% | +12.8% | Price | | 2026 to 30/09/2026 | +11.6% | +8.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.27% | -7.28% | | 3 years | 12.63% | -14.27% | ## Largest fall Volatility of State Street SPDR MSCI World UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 30/09/2026: 11.3% over 1 year, 12.6% over 3 years. Largest fall in the price of State Street SPDR MSCI World UCITS ETF Hedged GBP since July 2023, in pounds: −14.3% from 14/02/2025 to 04/04/2025. The lowest 12-month return of State Street SPDR MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since July 2023 was −0.9% (12 months to 04/04/2025); the highest was +34.4% (12 months to 25/10/2024). On 30/09/2026 the price of State Street SPDR MSCI World UCITS ETF Hedged GBP was 1.5% below its highest weekly close since July 2023 (14/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR MSCI World UCITS ETF Hedged GBP 0.17% a year, as of 01/10/2026: 165 of the 211 other global share funds charge more, 2 the same and 44 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI World 100% Hedged to GBP Net Variant, this one included and share classes counted once; their ongoing charges range from 0.17% to 0.55% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares MSCI World GBP Hedged UCITS ETF (Acc) | 0.55% | +16.6% | +76.8% | +74.1% | | State Street SPDR MSCI World UCITS ETF Hedged GBP (this fund) | 0.17% | +17.2% | +34.2% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.17%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | NVIDIA | 5.81% | | Apple | 5.41% | | Microsoft | 4.00% | | Amazon | 2.67% | | Alphabet · Class A | 2.24% | | Alphabet · Class C | 1.76% | | Broadcom | 1.76% | | Meta Platforms · Class A | 1.75% | | Micron Technology | 1.33% | | Tesla | 1.12% | ## 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 sector Added up from the holdings SPDR publishes, as of 30/09/2026. | Sector | Weight | |---|---| | Information Technology | 31.7% | | Financials | 15.8% | | Industrials | 10.8% | | Health Care | 9.2% | | Consumer Discretionary | 8.4% | | Communication Services | 8.3% | | Consumer Staples | 4.8% | | Energy | 4.0% | | Other sectors | 7.0% | ### By country Added up from the holdings SPDR publishes, as of 30/09/2026. | Country | Weight | |---|---| | United States | 73.0% | | Japan | 5.9% | | United Kingdom | 3.4% | | Canada | 3.3% | | France | 2.2% | | Switzerland | 2.1% | | Germany | 2.1% | | Australia | 1.5% | | Other countries | 6.4% | All 1,140 holdings: https://fundology.uk/fund/swlh/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.