ETF · SPDR
UVAL State Street SPDR MSCI USA Value UCITS ETF Accum USD
ISIN IE00BSPLC520London Stock Exchange: UVALState Street Corp.
Latest close
LSE£75.19
on
- Ongoing charge
- 0.20% a year
- Fund size
- £252m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, UVAL (State Street SPDR MSCI USA Value UCITS ETF Accum USD, ISIN IE00BSPLC520) closed at £75.19 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 +79.6%, or +40.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +34.5%
- +29.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +82.5%
- +64.9% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +79.6%
- +40.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,796 on 13/11/2026 — about £1,402 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of State Street SPDR MSCI USA Value UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2022 −4.9%, 2023 +9.5%, 2024 +8.0%, 2025 +18.3%; 2026 to 13/11/2026 +30.8%. Returns of State Street SPDR MSCI USA Value UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +40.4%; to 30/09/2025: +13.4%; to 30/09/2024: +13.9%; to 30/09/2023: +1.3%; to 30/09/2022: +4.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +30.8% | +26.7% | |
| to | +18.3% | +14.2% | |
| to | +8.0% | +4.3% | |
| +9.5% | +5.2% | ||
| −4.9% | −12.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +40.4% | +35.5% |
| from | +13.4% | +9.0% |
| from | +13.9% | +11.0% |
| from | +1.3% | −4.7% |
| from | +4.0% | −4.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
14.9%over 5 years
| 1 year | 13.5% |
|---|---|
| 3 years | 14.2% |
| 5 years | 14.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −18.7%
- From to
- Lowest 12-month return
- −12.1%
- 12 months to
- Highest 12-month return
- +65.1%
- 12 months to
- Below its highest weekly close since November 2021
- 1.5%
- High of , latest
In words: Volatility of State Street SPDR MSCI USA Value UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 13.5% over 1 year, 14.2% over 3 years, 14.9% over 5 years. Largest fall in the price of State Street SPDR MSCI USA Value UCITS ETF Accum USD since November 2021, in pounds: −18.7% from 22/11/2024 to 11/04/2025. The lowest 12-month return of State Street SPDR MSCI USA Value UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since January 2021 was −12.1% (12 months to 11/04/2025); the highest was +65.1% (12 months to 29/05/2026). On 13/11/2026 the price of State Street SPDR MSCI USA Value UCITS ETF Accum USD was 1.5% below its highest weekly close since November 2021 (25/09/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.20%
- a year
- On £10,000
- £20
- a year, roughly
- Over five years
- £100
- of £10,000, before growth
- 125 charge less
- 44 the same
- 85 charge more
Ongoing charge of State Street SPDR MSCI USA Value UCITS ETF Accum USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
State Street SPDR MSCI USA Value UCITS ETF Accum USD is an exchange-traded fund (ETF) from SPDR, launched in 2015.
It tracks the MSCI USA Value Exposure Select Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.2% 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
US shares: American companies, including the S&P 500 and Nasdaq-100 — the largest stock market in the world.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- UVAL
- ISIN
- IE00BSPLC520
- Also listed as
- USVL (London Stock Exchange, US dollars), ZPRU (Xetra, euros)
- Provider
- SPDR
- Tracks
- MSCI USA Value Exposure Select Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.20% a year · about £20 on £10,000
- Fund size
- £252m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- US shares
Price chart
Over the last year, the closing price went from £55.70 on 14/11/2025 to £75.19 on 13/11/2026 (+35.0%). The lowest close shown was £54.03 on 21/11/2025 and the highest £76.35 on 25/09/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 120
- on record
- Ten largest
- 33.6%
- of the whole fund
- Effective number of holdings
- 54
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.5%
- Micron Technology
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Micron TechnologyMUInformation TechnologyUnited States | 4.48% |
| 2 | General MotorsGMConsumer DiscretionaryUnited States | 4.36% |
| 3 | Cisco SystemsCSCOInformation TechnologyUnited States | 3.96% |
| 4 | QualcommQCOMInformation TechnologyUnited States | 3.82% |
| 5 | Accenture · Class AACNInformation TechnologyUnited States | 3.75% |
| 6 | Hewlett Packard EnterpriseHPEInformation TechnologyUnited States | 3.12% |
| 7 | Verizon CommunicationsVZCommunication ServicesUnited States | 2.94% |
| 8 | AdobeADBEInformation TechnologyUnited States | 2.50% |
| 9 | MerckMRKHealth CareUnited States | 2.38% |
| 10 | AT&TTCommunication ServicesUnited States | 2.30% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology35.6%
- Financials12.0%
- Communication Services10.2%
- Consumer Discretionary10.1%
- Health Care9.4%
- Industrials9.3%
- Consumer Staples4.7%
- Energy3.3%
- Other sectors5.3%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 120 holdings; the ten largest make up 33.6% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 192 US share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of UVAL?
The ongoing charge of UVAL 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 MSCI USA Value UCITS ETF Accum USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).
What does UVAL track?
UVAL tracks the MSCI USA Value Exposure Select Index.
Is UVAL accumulating or distributing?
UVAL 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 UVAL?
The ISIN of UVAL is IE00BSPLC520. An ISIN identifies one exact share class of a fund; UVAL is its ticker on the London Stock Exchange. The same share class is also listed as USVL (London Stock Exchange, US dollars) and ZPRU (Xetra, euros).
What does UVAL hold?
As of 05/11/2026, UVAL holds 120 positions, according to its published holdings. The largest is Micron Technology at 4.48% of the fund; the ten largest make up 33.6%. Its ten largest holdings are Micron Technology (4.48%), General Motors (4.36%), Cisco Systems (3.96%), Qualcomm (3.82%), Accenture · Class A (3.75%), Hewlett Packard Enterprise (3.12%), Verizon Communications (2.94%), Adobe (2.50%), Merck (2.38%) and AT&T (2.30%).
What were UVAL’s returns in each of the last five years?
Calendar-year returns of UVAL in pounds (price, with income reinvested in the fund): 2022 −4.9%, 2023 +9.5%, 2024 +8.0%, 2025 +18.3%; 2026 to 13/11/2026 +30.8%. Past performance is not a guide to future returns.
How has UVAL done after inflation?
Over the five years to 13/11/2026 UVAL’s total return was +79.6%, or +40.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at State Street Global Advisors · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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