# State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD (USAG)

**Page:** https://fundology.uk/fund/usag · ISIN IE00B459R192

## 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, USAG (State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD, ISIN IE00B459R192) closed at $91.34 on the London Stock Exchange. Its ongoing charge is 0.17% a year (about £17 on £10,000). Over the five years to 13/11/2026 its total return was −1.4%, or −23.0% after UK CPIH inflation.

## Summary

State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD is an exchange-traded fund (ETF) from SPDR, launched in 2011. It tracks the Bloomberg US Aggregate. 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.

Latest close: **$91.34** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | USAG |
| ISIN | IE00B459R192 |
| Also listed as | SYBU (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | SPDR |
| Tracks | Bloomberg US Aggregate |
| Income | Distributing |
| Ongoing charge | 0.17% a year (£17 per £10,000) |
| Fund size | £128m |
| Launched | 2011 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/06/2011 |

## 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 USAG was US$2.0056 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 USAG declared 2 distributions, together US$3.9825 per share.

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

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 03/08/2026 | 17/08/2026 | US$2.0056 |
| 02/02/2026 | 17/02/2026 | US$1.9769 |
| 04/08/2025 | 18/08/2025 | US$1.9954 |
| 03/02/2025 | 18/02/2025 | US$1.9642 |
| 02/08/2024 | 16/08/2024 | US$1.9146 |
| 01/02/2024 | 15/02/2024 | US$1.6956 |
| 01/08/2023 | 15/08/2023 | US$1.4084 |
| 01/02/2023 | 15/02/2023 | US$1.2518 |

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 30 distributions are on record since 29/07/2011.

## 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 | -1.73% | -5.21% | income reinvested |
| 3 years | +3.76% | -6.26% | income reinvested |
| 5 years | -1.36% | -23.01% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −4.0%, 2023 −3.7%, 2024 0.0%, 2025 −5.2%; 2026 to 13/11/2026 −4.0%. Returns of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.0%; to 30/09/2025: −1.9%; to 30/09/2024: −1.9%; to 30/09/2023: −12.4%; to 30/09/2022: +3.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -4.0% | -12.1% | Price |
| 2023 | -3.7% | -7.5% | Price |
| 2024 | -0.0% | -3.4% | Price |
| 2025 | -5.2% | -8.5% | Price |
| 2026 to 13/11/2026 | -4.0% | -7.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.96% | -7.44% |
| 3 years | 10.99% | -12.51% |
| 5 years | 10.12% | -19.46% |

## Largest fall

Volatility of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 6.0% over 1 year, 11.0% over 3 years, 10.1% over 5 years. Largest fall in the price of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD since November 2021, in pounds: −19.5% from 23/09/2022 to 26/08/2026. The lowest 12-month return of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −13.2% (12 months to 14/07/2023); the highest was +5.4% (12 months to 05/09/2025). On 13/11/2026 the price of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD was 18.4% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD 0.17% a year. Compared on 14/11/2026, 283 of the 427 other corporate and other bond funds charge more, 7 the same and 137 less (share classes counted once).

## Funds tracking the same index

5 funds track Bloomberg US Aggregate, this one included and share classes counted once; their ongoing charges range from 0.17% to 0.30% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares US Aggregate Bond UCITS ETF | 0.30% | -0.7% | +12.7% | -5.7% |
| iShares US Aggregate Bond UCITS ETF Acc EUR | 0.30% | -7.4% | +3.0% | -14.5% |
| iShares US Aggregate Bond UCITS ETF Acc USD | 0.25% | -0.9% | +5.4% | -1.6% |
| iShares US Aggregate Bond UCITS ETF USD | 0.25% | -1.8% | +4.3% | -1.2% |
| State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD (this fund) | 0.17% | -1.7% | +3.8% | -1.4% |

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, USAG holds 2,499 positions, according to its published holdings. The largest is Fannie Mae 2 07/01/2051 at 0.90% of the fund; the ten largest make up 4.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Fannie Mae 2 07/01/2051 | — | 0.90% |
| 2 | Treasury Bill 0 11/24/2026 | — | 0.56% |
| 3 | US Treasury N/B 4.375 05/15/2034 | — | 0.45% |
| 4 | US Treasury N/B 3.875 08/15/2034 | — | 0.43% |
| 5 | US Treasury N/B 4.25 08/15/2035 | — | 0.43% |
| 6 | US Treasury N/B 4 02/15/2034 | — | 0.42% |
| 7 | US Treasury N/B 4.25 05/15/2035 | — | 0.42% |
| 8 | US Treasury N/B 4.5 11/15/2033 | — | 0.41% |
| 9 | US Treasury N/B 4.625 08/15/2036 | — | 0.39% |
| 10 | US Treasury N/B 3.875 08/15/2033 | — | 0.38% |

## 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 States | 93.0% |
| Canada | 1.4% |
| SUPRA-NATIONAL | 1.4% |
| United Kingdom | 0.8% |
| Japan | 0.5% |
| Mexico | 0.4% |
| Germany | 0.3% |
| Australia | 0.2% |
| Other countries | 1.7% |

The 2,300 holdings on record (of 2,499 reported): https://fundology.uk/fund/usag/holdings

## Questions people ask

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

The ongoing charge of USAG 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 Bloomberg U.S. Aggregate Bond UCITS ETF USD 0.17% a year. Compared on 14/11/2026, 283 of the 427 other corporate and other bond funds charge more, 7 the same and 137 less (share classes counted once).

**What does USAG track?**

USAG tracks the Bloomberg US Aggregate.

**Is USAG accumulating or distributing?**

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

**When does USAG pay dividends?**

USAG 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 USAG?**

The ISIN of USAG is IE00B459R192. An ISIN identifies one exact share class of a fund; USAG is its ticker on the London Stock Exchange. The same share class is also listed as SYBU (Xetra, euros).

**What does USAG hold?**

As of 05/11/2026, USAG holds 2,499 positions, according to its published holdings. The largest is Fannie Mae 2 07/01/2051 at 0.90% of the fund; the ten largest make up 4.8%. Its ten largest holdings are Fannie Mae 2 07/01/2051 (0.90%), Treasury Bill 0 11/24/2026 (0.56%), US Treasury N/B 4.375 05/15/2034 (0.45%), US Treasury N/B 3.875 08/15/2034 (0.43%), US Treasury N/B 4.25 08/15/2035 (0.43%), US Treasury N/B 4 02/15/2034 (0.42%), US Treasury N/B 4.25 05/15/2035 (0.42%), US Treasury N/B 4.5 11/15/2033 (0.41%), US Treasury N/B 4.625 08/15/2036 (0.39%) and US Treasury N/B 3.875 08/15/2033 (0.38%).

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

Calendar-year returns of USAG in pounds (price only, income paid out not included): 2022 −4.0%, 2023 −3.7%, 2024 0.0%, 2025 −5.2%; 2026 to 13/11/2026 −4.0%. Past performance is not a guide to future returns.

**How has USAG done after inflation?**

Over the five years to 13/11/2026 USAG’s total return was −1.4%, or −23.0% 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-us-aggregate-bond-ucits-etf-dist-sybu-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B459R192&documentType=kiid&country=uk&language=en_gb&ticker=sybu-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-sybu-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.