State Street SPDR Bloomberg Global Aggregate Bond GBP Hdg UCITS ETF (Dist)

State Street SPDR Bloomberg Global Aggregate Bond GBP Hdg UCITS ETF (Dist)

GLAB.L
State Street SPDR Bloomberg Global Aggregate Bond GBP Hdg UCITS ETF (Dist)GB flagLondon Stock Exchange
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Business
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Bloomberg Global Aggregate Bond Index (GBP Hedged). The fund provides exposure to a broad portfolio of investment-grade fixed-rate debt securities from developed and emerging markets worldwide, including government bonds, government-related bonds, corporate bonds, asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities; it employs a stratified sampling replication method to hold approximately 10,263-10,478 securities with a total expense ratio of 0.10% per annum. Launched on 14 February 2018 and domiciled in Ireland as part of the SSGA SPDR ETFs Europe I plc umbrella, the ETF is managed by State Street Global Advisors Europe Limited with sub-investment managers State Street Global Advisors Limited and State Street Global Advisors Trust Company; it distributes income semi-annually and engages in securities lending. The share class is GBP-denominated with monthly currency hedging to mitigate exchange rate fluctuations, targeting institutional and retail investors seeking diversified global bond exposure with GBP hedging; shares trade primarily on the London Stock Exchange (GLAB LN) and Deutsche Börse (SPFB GY). The fund operates geographically across global markets through its underlying index constituents, with top country exposures including the United States (approximately 27%), Japan (10%), and China (6%), and sector weights led by Treasuries (53%), mortgage-backed securities (11%), and corporate industrials (9%). State Street Global Advisors serves as the fund provider, with administration by State Street Fund Services (Ireland) Limited, custody by State Street Custodial Services (Ireland) Limited, and audit by Ernst & Young; it complies with UCITS regulations and is eligible for ISAs and SIPPs in the UK. In February 2022, the fund underwent a name change from SPDR Bloomberg Barclays Global Aggregate Bond GBP Hdg UCITS ETF (Dist) and a corresponding benchmark transition from the Bloomberg Barclays Global Aggregate Bond Index (GBP Hedged) to the current Bloomberg Global Aggregate Bond Index (GBP Hedged). As of late 2025, assets under management for the share class stand at approximately GBP 75-80 million within a total fund size exceeding USD 4.4 billion, reflecting stable operations amid ongoing portfolio rebalancing to maintain index alignment. No major acquisitions, funding rounds, or new product launches specific to this ETF have been reported in the last 1-2 years.