SPDR® Bloomberg Global Aggregate Bond CHF Hdg UCITS ETF (Acc) GLAC SE

Important Risk Disclosure

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

The Fund/share class may use financial derivatives instruments for currency hedging and to manage the portfolio efficiently. The Fund may purchase securities that are not denominated in the share class currency. Hedging should mitigate the impact of exchange rate fluctuations however hedges are sometimes subject to imperfect matching which could generate losses.

Overview Performance Holdings Documents Purchase Information More Insights

NAV

CHF 27,43

as of 22 Nov 2024

Share Class Currency

CHF

1 Day Nav Change

+ CHF 0,03 (+0,12%)

as of 22 Nov 2024

Total Fund Assets USD

$3 635,30 M

as of 22 Nov 2024

TER

0,10%

as of 31 Oct 2024

Morningstar Medalist rating

as of 30 Sep 2024

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Fund Objective

The objective of the Fund is to track the performance of global markets for investment grade (high quality) fixed-rate debt securities.

Index Description

The Bloomberg Global Aggregate Bond Index (CHF Hedged) represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the Bloomberg Global Aggregate Bond Index, to CHF. The index is 100% hedged to the CHF by selling the forwards of all the currencies in the parent index at the one-month Forward rate. The parent index is composed of government, government-related and corporate bonds, as well as asset-backed, mortgage-backed and commercial mortgage-backed securities from both developed and emerging markets issuers.

Fund Information as of 23 Nov 2024

ISIN	IE00BF1QPK61
iNAV Ticker *These ticker codes are representative of the primary listing exchange.	INGLAC
Inception Date	06 Apr 2018
Countries of Registration	Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Currency Hedging	Monthly
Share Class Currency	CHF
Income Treatment	Accumulation
Settlement Cycle	Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle	DD+1
TER	0,10%
Benchmark	Bloomberg Global Aggregate Bond Index (CHF hedged)
Minimum Investment	1 Share
Trading Currency	CHF
UCITS Compliant	Yes
Domicile	Ireland
Investment Manager	State Street Global Advisors Europe Limited
Sub-Investment Manager(s)	State Street Global Advisors Limited State Street Global Advisors Trust Company
Fund Umbrella	SSGA SPDR ETFs Europe I plc
Replication Method	Stratified Sampling
Distribution Frequency	-
PEA Eligible	No
ISA Eligible	Yes
SIPP Eligible	Yes
UK Reporting Status	Yes
Securities Lending	Yes

Listing and Ticker Information as of 23 Nov 2024

Exchange	Trading Currency	Listing Date	Exchange Ticker	SEDOL Code	Bloomberg Code	Reuters Code
SIX Swiss Exchange (Primary)	CHF	09 Apr 2018	GLAC	BF1QPL7	GLAC SE	GLAC.S

INAV

Estimated NAV per Unit at 4PM, Hong Kong as of
Estimated NAV per Unit as of (Updated every 15 seconds)

As of (Updated every 15 seconds)
INAV TICKER	CURRENCY	INAV

The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

Fund Characteristics as of 21 Nov 2024

Current Yield	2,91%
Effective Convexity	0,78%
Effective Duration	6,51
Number of Holdings	10 321
Yield to Maturity	3,68%
Average Maturity in Years	8,32
Average Price	$94,24

Fund Market Price as of 22 Nov 2024

Bid Price	CHF 27,42
Offer Price	CHF 27,46
Closing Price	CHF 27,44
Bid/Offer Spread	CHF 0,03
Day High	CHF 27,47
Day Low	CHF 27,43
52 Week High	CHF 28,30
52 Week Low	CHF 26,73

Fund Net Asset Value as of 22 Nov 2024

NAV	CHF 27,43
Share Class Assets	CHF 1 173,72 M
Shares in Issue	42 792 624
Total Fund Assets USD	$3 635,30 M

Most Recent NAV/NAV History

Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.

Fund Performance

Fund Inception Date: 06 Apr 2018
Index Inception Date: 31 Aug 2008

as of 31 Oct 2024

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 06 Apr 2018
Fund Net	31 Oct 2024	-1,78%	-0,29%	-0,80%	4,84%	-4,35%	-2,63%	-	-1,34%
Difference	31 Oct 2024	-0,01%	-0,04%	-0,12%	-0,25%	-0,16%	-0,17%	-	-0,17%
Fund Gross	31 Oct 2024	-1,77%	-0,27%	-0,72%	4,94%	-4,26%	-2,53%	-	-1,24%
Difference	31 Oct 2024	0,00%	-0,01%	-0,04%	-0,14%	-0,07%	-0,07%	-	-0,07%
Index Bloomberg Global Aggregate Bond Index (CHF hedged)	31 Oct 2024	-1,77%	-0,26%	-0,68%	5,08%	-4,19%	-2,46%	-0,54%	-1,17%

as of 31 Oct 2024

	As Of	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception 06 Apr 2018
Fund Net	31 Oct 2024	-1,78%	-0,29%	-0,80%	4,84%	-12,50%	-12,49%	-	-8,46%
Difference	31 Oct 2024	-0,01%	-0,04%	-0,12%	-0,25%	-0,44%	-0,76%	-	-1,03%
Fund Gross	31 Oct 2024	-1,77%	-0,27%	-0,72%	4,94%	-12,23%	-12,05%	-	-7,86%
Difference	31 Oct 2024	0,00%	-0,01%	-0,04%	-0,14%	-0,18%	-0,32%	-	-0,43%
Index Bloomberg Global Aggregate Bond Index (CHF hedged)	31 Oct 2024	-1,77%	-0,26%	-0,68%	5,08%	-12,05%	-11,73%	-5,29%	-7,43%

as of 31 Oct 2024

	2024 (YTD)	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Fund Net	-0,80%	2,20%	-13,73%	-2,62%	3,59%	4,42%	-0,64%	-	-	-	-
Difference	-0,12%	-0,32%	-0,02%	-0,13%	-0,29%	-0,19%	-0,07%	-	-	-	-
Fund Gross	-0,72%	2,30%	-13,64%	-2,52%	3,70%	4,52%	-0,57%	-	-	-	-
Difference	-0,04%	-0,22%	0,06%	-0,03%	-0,18%	-0,08%	0,00%	-	-	-	-
Index Bloomberg Global Aggregate Bond Index (CHF hedged)	-0,68%	2,52%	-13,71%	-2,49%	3,88%	4,61%	-0,57%	0,56%	1,78%	-0,52%	7,28%

Performance Gross and Net of All Fees.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

Calendar year inception performance returns will be partial for the year where the inception date for either the Fund in question or the historic performance-linked Fund (whichever is the earliest) falls within that period.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays Global Aggregate Bond CHF Hdg UCITS ETF (Acc), tracking the Bloomberg Barclays Global Aggregate Bond Index (CHF hedged).

Deviation & Tracking Error as of 31 Oct 2024

Standard Deviation	5,69%
Tracking Error	0,12%

This calculation is based on the past 3 years performance information.

Top Holdings

Fund Top Holdings as of 21 Nov 2024

Security Name	Weight
US TREASURY N/B 4.375 08/15/2026	0,70%
TREASURY BILL 0 11/26/2024	0,39%
US TREASURY N/B 4.625 09/30/2030	0,28%
US TREASURY N/B 4.375 12/15/2026	0,28%
US TREASURY N/B 3.625 05/15/2026	0,22%
US TREASURY N/B 4.125 08/15/2034	0,21%
US TREASURY N/B 4.375 07/31/2026	0,21%
JAPAN (10 YEAR ISSUE) 0.2 09/20/2032	0,20%
US TREASURY N/B 3.875 08/15/2033	0,20%
US TREASURY N/B 4.5 07/15/2026	0,19%

Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 21 Nov 2024

Sector	Weight
Treasury	54,82%
Mortgage Backed Securities	11,57%
Corporate - Industrial	9,48%
Corporate - Finance	7,05%
Agency	6,11%
Non Corporates	5,72%
Corporate - Utility	1,66%
CMBS	0,64%
Cash	0,62%
Asset Backed Securities	0,04%
Other	2,30%

Geographical Weights

Maturity Ladder

Fund Maturity Ladder as of 21 Nov 2024

Maturity	Weight
0 - 1 Year	1,34%
1 - 2 Years	13,42%
2 - 3 Years	10,56%
3 - 5 Years	18,63%
5 - 7 Years	13,65%
7 - 10 Years	20,87%
10 - 15 Years	5,44%
15 - 20 Years	5,70%
20 - 30 Years	8,95%
> 30 Years	1,44%

Quality Breakdown

Fund Quality Breakdown as of 21 Nov 2024

Quality	Weight
AAA	12,37%
AA1	31,29%
AA2	2,15%
AA3	9,17%
A1	21,65%
A2	3,16%
A3	6,25%
BAA1	3,85%
BAA2	7,47%
BAA3	2,65%

Documents

Fund Documents

Information & Schedules

Characteristics, holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a reliable indicator of future performance.

First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

"Bloomberg^®" and all Bloomberg Indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Bank and Trust Company, through its State Street Global Advisors division ("SSGA"). Bloomberg is not affiliated with SSGA, and Bloomberg does not approve, endorse, review, or recommend any SSGA product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any SSGA product.

Previous to 1 February 2022, the Fund was known as SPDR Bloomberg Barclays Global Aggregate Bond CHF Hdg UCITS ETF (Acc), tracking the Bloomberg Barclays Global Aggregate Bond Index (CHF hedged).

The recipient is only permitted to view or receive the Index Data in the form in which it is in presented. The recipient understands, acknowledges and agrees that use of the Index Data is at its sole risk. The recipient understands, acknowledges and agrees that the Index Data is provided "as is" and that neither Morningstar UK Limited (Morningstar) nor its content providers warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data. The recipient further understands, acknowledges and agrees that the Index Data is provided to you as an investor in financial products solely pursuant to regulatory requirements and for informational purposes only. The Index Data may not be used by you for commercial purposes and may not be used for trading or other purposes in lieu of a subscription to such Index Data with Morningstar.