# State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP (UKCO) **Source:** https://fundology.uk/fund/ukco · ISIN IE00B4694Z11 · 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, UKCO (State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP, ISIN IE00B4694Z11) closed at £49.37 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was −5.2%, or −25.9% after UK CPIH inflation. ## Summary State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP is an exchange-traded fund (ETF) from SPDR, launched in 2012. It tracks the Bloomberg Sterling Corporate Bond Index - GBP. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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. Latest close: **£49.37** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UKCO | | ISIN | IE00B4694Z11 | | Category | Corporate & other bonds | | Type | ETF | | Provider | SPDR | | Tracks | Bloomberg Sterling Corporate Bond Index - GBP | | Income | Distributing | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £67.7m | | Launched | 2012 | | 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 | +1.50% | -1.69% | income reinvested | | 3 years | +16.57% | +5.19% | income reinvested | | 5 years | -5.17% | -25.87% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP in pounds (price only, income paid out not included): 2022 −21.2%, 2023 +5.1%, 2024 −2.6%, 2025 +2.0%; 2026 to 30/09/2026 −5.6%. Returns of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.2%; to 30/09/2025: −1.0%; to 30/09/2024: +6.6%; to 30/09/2023: +3.4%; to 30/09/2022: −26.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -21.2% | -27.9% | Price | | 2023 | +5.1% | +1.0% | Price | | 2024 | -2.6% | -6.0% | Price | | 2025 | +2.0% | -1.5% | Price | | 2026 to 30/09/2026 | -5.6% | -8.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.70% | -6.83% | | 3 years | 5.98% | -6.83% | | 5 years | 8.03% | -30.19% | ## Largest fall Volatility of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP in pounds, annualised from weekly returns to 30/09/2026: 5.7% over 1 year, 6.0% over 3 years, 8.0% over 5 years. Largest fall in the price of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP since October 2021, in pounds: −30.2% from 10/12/2021 to 14/10/2022. The lowest 12-month return of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP in pounds (price only, income paid out not included) since January 2021 was −28.3% (12 months to 14/10/2022); the highest was +8.7% (12 months to 18/10/2024). On 30/09/2026 the price of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP was 23.5% below its highest weekly close since October 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP 0.20% a year, as of 01/10/2026: 206 of the 383 other corporate and other bond funds charge more, 38 the same and 139 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg Sterling Corporate Bond Index - GBP, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.42% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core Gbp Corporate Bond UCITS ETF Distribution | 0.42% | — | — | — | | State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP (this fund) | 0.20% | +1.5% | +16.6% | -5.2% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Goldman Sachs Group Inc 3.625 10/29/2029 | 0.88% | | AT&T Inc 4.875 06/01/2044 | 0.53% | | Nat Grid Electy Sw 2.375 05/16/2029 | 0.52% | | E.On Intl Finance BV 6.375 06/07/2032 | 0.46% | | BNP Paribas 6 08/18/2029 | 0.45% | | Credit Agricole SA 5.5 07/31/2032 | 0.44% | | Vodafone Group Plc 6.375 07/03/2050 | 0.42% | | Pfizer Inc 6.5 06/03/2038 | 0.41% | | SSE Plc 8.375 11/20/2028 | 0.41% | | AT&T Inc 7 04/30/2040 | 0.40% | ## 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 country Added up from the holdings SPDR publishes, as of 30/09/2026. | Country | Weight | |---|---| | United Kingdom | 49.8% | | United States | 20.1% | | France | 7.2% | | Netherlands | 6.7% | | Jersey | 2.6% | | Spain | 1.9% | | Canada | 1.7% | | Australia | 1.5% | | Other countries | 8.5% | All 687 holdings: https://fundology.uk/fund/ukco/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.