# State Street SPDR MSCI World UCITS ETF Hedged GBP (SWLH)

**Page:** https://fundology.uk/fund/swlh · ISIN IE0005POVJH8

## 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, SWLH (State Street SPDR MSCI World UCITS ETF Hedged GBP, ISIN IE0005POVJH8) closed at £16.22 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the three years to 13/11/2026 its price changed by +67.5% (income paid out is not included), or +51.3% 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: **£16.22** (13/11/2026).

## 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 | £304m |
| Launched | 2023 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/07/2023 |

## 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 SWLH was £0.0419 per share: it went ex-dividend on 01/09/2026 and was paid on 09/09/2026. In the 12 months to 14/11/2026 SWLH declared 4 distributions, together £0.193 per share.

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

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 01/09/2026 | 09/09/2026 | £0.0419 |
| 01/06/2026 | 09/06/2026 | £0.0752 |
| 02/03/2026 | 10/03/2026 | £0.034 |
| 25/11/2025 | 03/12/2025 | £0.0419 |
| 27/08/2025 | 04/09/2025 | £0.0336 |
| 02/06/2025 | 10/06/2025 | £0.067 |
| 03/03/2025 | 11/03/2025 | £0.0351 |
| 26/11/2024 | 10/12/2024 | £0.0342 |

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 13 distributions are on record since 01/09/2023.

## 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 | +12.75% | +8.76% | income reinvested |
| 3 years | +67.52% | +51.35% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK 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 +20.1%, 2025 +17.0%; 2026 to 13/11/2026 +10.3%. 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: +14.7%; to 30/09/2025: +16.8%; to 30/09/2024: +27.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +20.1% | +16.0% | Price |
| 2025 | +17.0% | +13.0% | Price |
| 2026 to 13/11/2026 | +10.3% | +6.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.96% | -7.28% |
| 3 years | 12.30% | -14.27% |

## Largest fall

Volatility of State Street SPDR MSCI World UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 11.0% over 1 year, 12.3% 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 13/11/2026 the price of State Street SPDR MSCI World UCITS ETF Hedged GBP was 3.0% 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. Compared on 14/11/2026, 157 of the 207 other global share funds charge more, 1 the same and 49 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 (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares MSCI World GBP Hedged UCITS ETF (Acc) | 0.55% | +12.8% | +73.3% | +64.5% |
| State Street SPDR MSCI World UCITS ETF Hedged GBP (this fund) | 0.17% | +12.8% | — | — |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.17%** 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, SWLH holds 1,233 positions, according to its published holdings. The largest is Apple at 5.76% of the fund; the ten largest make up 26.5%.

### 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) | 5.76% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 4.76% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 4.30% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.87% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 1.89% |
| 6 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 1.51% |
| 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 1.50% |
| 8 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.50% |
| 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.25% |
| 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.12% |

## Where it invests

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

### By sector

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

| Sector | Weight |
|---|---|
| Information Technology | 27.9% |
| Financials | 16.8% |
| Industrials | 10.8% |
| Health Care | 10.4% |
| Consumer Discretionary | 9.2% |
| Communication Services | 7.4% |
| Consumer Staples | 5.6% |
| Energy | 4.2% |
| Other sectors | 7.6% |

### By country

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

| Country | Weight |
|---|---|
| United States | 72.0% |
| Japan | 5.8% |
| United Kingdom | 3.7% |
| Canada | 3.5% |
| Switzerland | 2.5% |
| France | 2.4% |
| Germany | 2.2% |
| Australia | 1.6% |
| Other countries | 6.4% |

The 1,144 holdings on record (of 1,233 reported): https://fundology.uk/fund/swlh/holdings

## Questions people ask

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

The ongoing charge of SWLH 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. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR MSCI World UCITS ETF Hedged GBP 0.17% a year. Compared on 14/11/2026, 157 of the 207 other global share funds charge more, 1 the same and 49 less (share classes counted once).

**What does SWLH track?**

SWLH 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.

**Is SWLH accumulating or distributing?**

SWLH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**When does SWLH pay dividends?**

SWLH pays its income out quarterly. In the 12 months to 14/11/2026 it went ex-dividend on 25/11/2025, 02/03/2026, 01/06/2026 and 01/09/2026. The latest distribution went ex-dividend on 01/09/2026 and was paid on 09/09/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.

**What is the ISIN of SWLH?**

The ISIN of SWLH is IE0005POVJH8. An ISIN identifies one exact share class of a fund; SWLH is its ticker on the London Stock Exchange.

**What does SWLH hold?**

As of 05/11/2026, SWLH holds 1,233 positions, according to its published holdings. The largest is Apple at 5.76% of the fund; the ten largest make up 26.5%. Its ten largest holdings are Apple (5.76%), NVIDIA (4.76%), Microsoft (4.30%), Amazon (2.87%), Alphabet · Class A (1.89%), Meta Platforms · Class A (1.51%), Alphabet · Class C (1.50%), Broadcom (1.50%), Eli Lilly (1.25%) and Tesla (1.12%).

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

Calendar-year returns of SWLH in pounds (price only, income paid out not included): 2024 +20.1%, 2025 +17.0%; 2026 to 13/11/2026 +10.3%. Past performance is not a guide to future returns.

**How has SWLH done after inflation?**

Over the three years to 13/11/2026 SWLH’s price changed by +67.5% (income paid out is not included), or +51.3% 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-msci-world-gbp-hdg-ucits-etf-dist-swgpx-i2)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE0005POVJH8&documentType=kiid&country=uk&language=en_gb&ticker=swgpx-i2)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-swgpx-i2.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.