State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF (Dist)
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- SPDR Bloomberg Global Aggregate Bond USD Hdg UCITS ETF Acc (GLAG.L) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Bloomberg Global Aggregate Bond Index (USD Hedged), which measures the investment grade fixed-rate debt securities market globally; the index comprises government-related, corporate, asset-backed, mortgage-backed, and commercial mortgage-backed bonds issued by entities in developed and emerging markets, with full currency exposure hedged to USD via one-month forward contracts. The ETF employs a stratified sampling replication method to achieve its objective, holding approximately 10,849 securities as of late 2025 with an effective duration of 6.33 years, yield to maturity of 3.52%, and sector allocations led by Treasuries (54.05%), mortgage-backed securities (11.27%), and corporate industrials (9.50%); it is accumulating in nature, UCITS compliant, and features a total expense ratio (TER) of 0.10%. Launched on 9 October 2019 under the umbrella of SSGA SPDR ETFs Europe I plc and domiciled in Ireland, the share class trades on multiple exchanges including the London Stock Exchange (GLAD LN), Deutsche Börse (SPFV GY), and Bolsa Mexicana de Valores (GLADN MM), with assets under management for the share class at approximately $376.50 million USD as of November 2025. State Street Global Advisors Europe Limited serves as the investment manager, with sub-investment managers State Street Global Advisors Limited and State Street Global Advisors Trust Company, providing institutional investors and intermediaries with diversified, USD-hedged exposure to global investment grade bonds across various maturities from short-term (0-1 year: 0.96%) to long-term (>30 years: 1.32%) and credit qualities from AAA (11.62%) to BAA3 (2.09%). The fund targets professional and retail investors seeking low-volatility fixed income with monthly currency hedging and securities lending capabilities to enhance efficiency. In February 2022, the ETF underwent a name change from SPDR Bloomberg Barclays Global Aggregate Bond USD Hdg UCITS ETF (Acc) and benchmark adjustment from the Bloomberg Barclays Global Aggregate Bond Index (USD Hedged) to reflect Bloomberg's rebranding of its indices, ensuring continuity in tracking global investment grade bond performance. No significant acquisitions, funding rounds, partnerships, or new product launches specific to this ETF have been reported in the last 1-2 years, though the parent manager State Street Global Advisors rebranded to State Street Investment Management in recent years amid ongoing expansion of its ETF offerings. The fund maintains stable operations with listings across Europe and Mexico, supporting geographic reach in key markets including the UK, Germany, Italy, and beyond.