# S&P US Materials Select Sector (SXLB)

**Page:** https://fundology.uk/fund/sxlb · ISIN IE00BWBXM831

## 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, SXLB (S&P US Materials Select Sector, ISIN IE00BWBXM831) closed at $52.66 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 price changed by +27.9%, or −0.2% after UK CPIH inflation.

## Summary

SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector is an exchange-traded fund (ETF) from SPDR, launched in 2015. It tracks the S&P Materials 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: **$52.66** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SXLB |
| ISIN | IE00BWBXM831 |
| Also listed as | ZPDM (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | SPDR |
| Tracks | S&P Materials Select Sector Daily Capped 35/20 Index |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £44.2m |
| 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 | +22.62% | +18.27% | price only |
| 3 years | +31.95% | +19.22% | price only |
| 5 years | +27.90% | -0.16% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector in pounds (price, with income reinvested in the fund): 2022 −1.2%, 2023 +6.3%, 2024 +0.7%, 2025 +3.7%; 2026 to 13/11/2026 +16.8%. Returns of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.0%; to 30/09/2025: −6.0%; to 30/09/2024: +14.6%; to 30/09/2023: +5.1%; to 30/09/2022: +8.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.2% | -9.6% | Price |
| 2023 | +6.3% | +2.1% | Price |
| 2024 | +0.7% | -2.7% | Price |
| 2025 | +3.7% | +0.1% | Price |
| 2026 to 13/11/2026 | +16.8% | +13.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.07% | -10.71% |
| 3 years | 14.95% | -18.78% |
| 5 years | 16.11% | -18.78% |

## Largest fall

Volatility of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector in pounds, annualised from weekly returns to 13/11/2026: 16.1% over 1 year, 15.0% over 3 years, 16.1% over 5 years. Largest fall in the price of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector since November 2021, in pounds: −18.8% from 18/10/2024 to 11/04/2025. The lowest 12-month return of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector in pounds (price, with income reinvested in the fund) since January 2021 was −15.7% (12 months to 11/04/2025); the highest was +30.4% (12 months to 10/04/2026). On 13/11/2026 the price of SSgA SPDR ETFs Europe II Plc - S&P US Materials Select Sector was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of SSgA SPDR ETFs Europe II Plc - S&P US Materials 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, SXLB holds 24 positions, according to its published holdings. The largest is Linde at 21.17% of the fund; the ten largest make up 76.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Linde | [LIN](https://fundology.uk/stock/LIN) | 21.17% |
| 2 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 11.11% |
| 3 | Freeport-McMoRan | [FCX](https://fundology.uk/stock/FCX) | 7.33% |
| 4 | Sherwin-Williams | [SHW](https://fundology.uk/stock/SHW) | 7.02% |
| 5 | Ecolab | [ECL](https://fundology.uk/stock/ECL) | 6.80% |
| 6 | Air Products and Chemicals | [APD](https://fundology.uk/stock/APD) | 6.07% |
| 7 | CRH | [CRH](https://fundology.uk/stock/CRH) | 5.59% |
| 8 | Nucor | [NUE](https://fundology.uk/stock/NUE) | 4.91% |
| 9 | Vulcan Materials Company (Holding Company) | [VMC](https://fundology.uk/stock/VMC) | 3.26% |
| 10 | Martin Marietta Materials | [MLM](https://fundology.uk/stock/MLM) | 2.79% |

All 24 holdings: https://fundology.uk/fund/sxlb/holdings

## Questions people ask

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

The ongoing charge of SXLB 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 Materials 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 SXLB track?**

SXLB tracks the S&P Materials Select Sector Daily Capped 35/20 Index.

**Is SXLB accumulating or distributing?**

SXLB 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 SXLB?**

The ISIN of SXLB is IE00BWBXM831. An ISIN identifies one exact share class of a fund; SXLB is its ticker on the London Stock Exchange. The same share class is also listed as ZPDM (Xetra, euros).

**What does SXLB hold?**

As of 05/11/2026, SXLB holds 24 positions, according to its published holdings. The largest is Linde at 21.17% of the fund; the ten largest make up 76.0%. Its ten largest holdings are Linde (21.17%), Newmont (11.11%), Freeport-McMoRan (7.33%), Sherwin-Williams (7.02%), Ecolab (6.80%), Air Products and Chemicals (6.07%), CRH (5.59%), Nucor (4.91%), Vulcan Materials Company (Holding Company) (3.26%) and Martin Marietta Materials (2.79%).

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

Calendar-year returns of SXLB in pounds (price, with income reinvested in the fund): 2022 −1.2%, 2023 +6.3%, 2024 +0.7%, 2025 +3.7%; 2026 to 13/11/2026 +16.8%. Past performance is not a guide to future returns.

**How has SXLB done after inflation?**

Over the five years to 13/11/2026 SXLB’s price changed by +27.9%, or −0.2% 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-materials-select-sector-ucits-etf-acc-zpdm-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BWBXM831&documentType=kiid&country=uk&language=en_gb&ticker=zpdm-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-zpdm-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.