# State Street SPDR MSCI USA Value UCITS ETF Accum USD (UVAL) **Source:** https://fundology.uk/fund/uval · ISIN IE00BSPLC520 · 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, UVAL (State Street SPDR MSCI USA Value UCITS ETF Accum USD, ISIN IE00BSPLC520) closed at £75.28 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 +88.6%, or +47.5% after UK CPIH inflation. ## Summary 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. Latest close: **£75.28** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UVAL | | ISIN | IE00BSPLC520 | | Category | US shares | | Type | ETF | | Provider | SPDR | | Tracks | MSCI USA Value Exposure Select Index | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £196m | | Launched | 2015 | | 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 | +43.47% | +38.96% | income reinvested | | 3 years | +81.98% | +64.22% | income reinvested | | 5 years | +88.65% | +47.47% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +7.1%, 2025 +18.5%; 2026 to 30/09/2026 +31.8%. 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: +43.7%; to 30/09/2025: +10.8%; to 30/09/2024: +13.9%; to 30/09/2023: +1.3%; to 30/09/2022: +3.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -4.9% | -12.9% | Price | | 2023 | +9.5% | +5.2% | Price | | 2024 | +7.1% | +3.5% | Price | | 2025 | +18.5% | +14.5% | Price | | 2026 to 30/09/2026 | +31.8% | +28.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 14.07% | -4.44% | | 3 years | 14.41% | -18.73% | | 5 years | 14.93% | -18.73% | ## Largest fall Volatility of State Street SPDR MSCI USA Value UCITS ETF Accum USD in pounds, annualised from weekly returns to 30/09/2026: 14.1% over 1 year, 14.4% 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 October 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 30/09/2026 the price of State Street SPDR MSCI USA Value UCITS ETF Accum USD was 1.4% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR MSCI USA Value UCITS ETF Accum USD 0.20% a year, as of 01/10/2026: 69 of the 210 other US share funds charge more, 33 the same and 108 less (share classes counted once). ## 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 | |---|---| | Micron Technology | 7.19% | | Hewlett Packard Enterprise | 4.47% | | Qualcomm | 4.44% | | Cisco Systems | 4.40% | | General Motors | 3.72% | | Verizon Communications | 2.89% | | Accenture · Class A | 2.57% | | AT&T | 2.54% | | Adobe | 2.41% | | Merck | 2.33% | ## 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 sector Added up from the holdings SPDR publishes, as of 30/09/2026. | Sector | Weight | |---|---| | Information Technology | 40.3% | | Financials | 11.1% | | Communication Services | 9.8% | | Consumer Discretionary | 8.9% | | Health Care | 8.8% | | Industrials | 8.4% | | Consumer Staples | 4.7% | | Energy | 3.2% | | Other sectors | 4.9% | All 120 holdings: https://fundology.uk/fund/uval/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.