# State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP (UKCO)

**Page:** https://fundology.uk/fund/ukco · ISIN IE00B4694Z11

## 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, UKCO (State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP, ISIN IE00B4694Z11) closed at £49.85 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was −5.1%, or −26.0% 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: **£49.85** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | UKCO |
| ISIN | IE00B4694Z11 |
| Also listed as | SYBS (Xetra, euros) |
| 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 | £91.2m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 17/05/2012 |

## 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 UKCO was £1.2273 per share: it went ex-dividend on 03/08/2026 and was paid on 17/08/2026. In the 12 months to 14/11/2026 UKCO declared 2 distributions, together £2.4205 per share.

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

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 03/08/2026 | 17/08/2026 | £1.2273 |
| 02/02/2026 | 17/02/2026 | £1.1932 |
| 04/08/2025 | 18/08/2025 | £1.1715 |
| 03/02/2025 | 18/02/2025 | £1.1341 |
| 02/08/2024 | 16/08/2024 | £1.0778 |
| 01/02/2024 | 15/02/2024 | £1.0358 |
| 01/08/2023 | 15/08/2023 | £0.9422 |
| 01/02/2023 | 15/02/2023 | £0.7962 |

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 27 distributions are on record since 31/01/2013.

## 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 | +0.30% | -3.25% | income reinvested |
| 3 years | +14.40% | +3.36% | income reinvested |
| 5 years | -5.14% | -25.96% | income reinvested |

Returns: as reported (delayed data). Inflation: UK 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 −2.2%, 2025 +1.8%; 2026 to 13/11/2026 −4.9%. 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: −3.7%; to 30/09/2025: −0.5%; to 30/09/2024: +6.6%; to 30/09/2023: +3.4%; to 30/09/2022: −26.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -21.2% | -27.9% | Price |
| 2023 | +5.1% | +1.0% | Price |
| 2024 | -2.2% | -5.5% | Price |
| 2025 | +1.8% | -1.7% | Price |
| 2026 to 13/11/2026 | -4.9% | -7.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.67% | -6.93% |
| 3 years | 5.75% | -6.93% |
| 5 years | 7.98% | -30.19% |

## Largest fall

Volatility of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 5.7% 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 November 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 13/11/2026 the price of State Street SPDR Bloomberg Sterling Corporate Bond UCITS ETF GBP was 22.7% below its highest weekly close since November 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. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 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 (13/11/2026).

| 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% | +0.3% | +14.4% | -5.1% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** 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, UKCO holds 693 positions, according to its published holdings. The largest is Goldman Sachs Group Inc 3.625 10/29/2029 at 0.84% of the fund; the ten largest make up 4.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Goldman Sachs Group Inc 3.625 10/29/2029 | — | 0.84% |
| 2 | AT&T Inc 4.875 06/01/2044 | — | 0.52% |
| 3 | E.On Intl Finance BV 6.375 06/07/2032 | — | 0.46% |
| 4 | BNP Paribas 6 08/18/2029 | — | 0.45% |
| 5 | Credit Agricole SA 5.5 07/31/2032 | — | 0.43% |
| 6 | Vodafone Group Plc 6.375 07/03/2050 | — | 0.42% |
| 7 | Nat Grid Electy Sw 2.375 05/16/2029 | — | 0.41% |
| 8 | Pfizer Inc 6.5 06/03/2038 | — | 0.41% |
| 9 | AT&T Inc 7 04/30/2040 | — | 0.40% |
| 10 | Bank of America Corp 7 07/31/2028 | — | 0.40% |

## 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 |
|---|---|
| United Kingdom | 50.0% |
| United States | 19.8% |
| France | 7.3% |
| Netherlands | 6.7% |
| Jersey | 2.4% |
| Canada | 1.7% |
| Spain | 1.7% |
| Australia | 1.6% |
| Other countries | 8.8% |

The 692 holdings on record (of 693 reported): https://fundology.uk/fund/ukco/holdings

## Questions people ask

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

The ongoing charge of UKCO is 0.20% a year — about £20 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 Bloomberg Sterling Corporate Bond UCITS ETF GBP 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once).

**What does UKCO track?**

UKCO tracks the Bloomberg Sterling Corporate Bond Index - GBP.

**Is UKCO accumulating or distributing?**

UKCO is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**When does UKCO pay dividends?**

UKCO pays its income out twice a year. In the 12 months to 14/11/2026 it went ex-dividend on 02/02/2026 and 03/08/2026. The latest distribution went ex-dividend on 03/08/2026 and was paid on 17/08/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.

**What is the ISIN of UKCO?**

The ISIN of UKCO is IE00B4694Z11. An ISIN identifies one exact share class of a fund; UKCO is its ticker on the London Stock Exchange. The same share class is also listed as SYBS (Xetra, euros).

**What does UKCO hold?**

As of 05/11/2026, UKCO holds 693 positions, according to its published holdings. The largest is Goldman Sachs Group Inc 3.625 10/29/2029 at 0.84% of the fund; the ten largest make up 4.7%. Its ten largest holdings are Goldman Sachs Group Inc 3.625 10/29/2029 (0.84%), AT&T Inc 4.875 06/01/2044 (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 (0.43%), Vodafone Group Plc 6.375 07/03/2050 (0.42%), Nat Grid Electy Sw 2.375 05/16/2029 (0.41%), Pfizer Inc 6.5 06/03/2038 (0.41%), AT&T Inc 7 04/30/2040 (0.40%) and Bank of America Corp 7 07/31/2028 (0.40%).

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

Calendar-year returns of UKCO in pounds (price only, income paid out not included): 2022 −21.2%, 2023 +5.1%, 2024 −2.2%, 2025 +1.8%; 2026 to 13/11/2026 −4.9%. Past performance is not a guide to future returns.

**How has UKCO done after inflation?**

Over the five years to 13/11/2026 UKCO’s total return was −5.1%, or −26.0% 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-bloomberg-sterling-corporate-bond-ucits-etf-dist-sybs-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B4694Z11&documentType=kiid&country=uk&language=en_gb&ticker=sybs-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-sybs-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.