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        SPDR® Bloomberg Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc) SPFD GY

        Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.

        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
        €25.62
        as of 01 Nov 2024
        Share Class Currency
        EUR
        1 Day Nav Change
        -€0,05 (-0,21%)
        as of 01 Nov 2024
        Total Fund Assets USD
        $1,588.29 M
        as of 01 Nov 2024
        TER
        0.60%

        Quick Links

        Fund Objective

        The objective of the Fund is to track the performance of investible local currency emerging markets bonds.

        Index Description

        The Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR represents a close estimation of the performance that can be achieved by hedging the base currency of its parent index, the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index, to EUR. The index is 100% hedged to the EUR by selling the base currency of the parent index forward at one-month forward rates.

        Fund Information as of 02 Nov 2024

        ISIN IE00BK8JH525
        iNAV Ticker

        *These ticker codes are representative of the primary listing exchange.

                 		INSPFD
        Inception Date 15 Nov 2019
        Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
        Currency Hedging Monthly
        Share Class Currency EUR
        Income Treatment Accumulation
        Settlement Cycle Redemption Settlement Cycle, DD+4; Subscription Settlement Cycle, DD+4
        Trading Cycle DD+1
        TER 0.60%
        Benchmark Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
        Minimum Investment 1 Share
        Trading Currency EUR
        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 Singapore Limited
        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 02 Nov 2024

        Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
        Deutsche Börse (Primary) EUR 18 Nov 2019 SPFD BK0WFL1 SPFD GY SPFD.DE
        Borsa Italiana EUR 19 Nov 2019 EMDE BK21L52 EMDE IM EMDE.MI

        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 31 Oct 2024

        Current Yield 5.33%
        Effective Convexity 0.85%
        Effective Duration 6.34
        Number of Holdings 543
        Yield to Maturity 6.30%
        Average Maturity in Years 9.16
        Average Price $96.24

        Fund Market Price as of 01 Nov 2024

        Bid Price €25.50
        Offer Price €25.63
        Closing Price €25.57
        Bid/Offer Spread €0.12
        Day High -
        Day Low -
        52 Week High €27.09
        52 Week Low €24.37

        Fund Net Asset Value as of 01 Nov 2024

        NAV €25.62
        Share Class Assets €132.07 M
        Shares in Issue 5,154,928
        Total Fund Assets USD $1,588.29 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: 15 Nov 2019
        • Index Inception Date: 30 Sep 2019

        as of 30 Sep 2024

        As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
        15 Nov 2019
        Fund Net 30 Sep 2024 3.13% 8.42% 2.68% 10.61% -2.14% - - -2.11%
        Difference 30 Sep 2024 -0.04% -0.19% -0.66% -0.94% -0.72% - - -0.69%
        Fund Gross 30 Sep 2024 3.18% 8.59% 3.14% 11.27% -1.55% - - -1.52%
        Difference 30 Sep 2024 0.01% -0.03% -0.20% -0.28% -0.13% - - -0.11%
        Index
        Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
        		30 Sep 2024 3.16% 8.62% 3.34% 11.55% -1.42% -1.58% - -1.41%

        as of 30 Sep 2024

        As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
        15 Nov 2019
        Fund Net 30 Sep 2024 3.13% 8.42% 2.68% 10.61% -6.29% - - -9.87%
        Difference 30 Sep 2024 -0.04% -0.19% -0.66% -0.94% -2.07% - - -3.16%
        Fund Gross 30 Sep 2024 3.18% 8.59% 3.14% 11.27% -4.59% - - -7.20%
        Difference 30 Sep 2024 0.01% -0.03% -0.20% -0.28% -0.38% - - -0.50%
        Index
        Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
        		30 Sep 2024 3.16% 8.62% 3.34% 11.55% -4.21% -7.66% - -6.70%

        as of 30 Sep 2024

        2024 (YTD) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
        Fund Net 2.68% 7.37% -13.23% -9.55% 1.86% 2.27% - - - - -
        Difference -0.66% -1.03% -0.39% -0.65% -0.61% -0.09% - - - - -
        Fund Gross 3.14% 8.01% -12.71% -9.01% 2.47% 2.34% - - - - -
        Difference -0.20% -0.38% 0.13% -0.11% 0.00% -0.02% - - - - -
        Index
        Bloomberg Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR
        		3.34% 8.40% -12.84% -8.90% 2.47% 2.36% - - - - -

        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 Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR.

        Deviation & Tracking Error as of 30 Sep 2024

        Standard Deviation 10.46%
        Tracking Error 0.19%

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

        Top Holdings

        Fund Top Holdings as of 31 Oct 2024

        Security Name Weight
        MEX BONOS DESARR FIX RT 5.75 03/05/2026 1.32%
        NOTA DO TESOURO NACIONAL 10 01/01/2029 1.27%
        NOTA DO TESOURO NACIONAL 10 01/01/2027 1.13%
        LETRA TESOURO NACIONAL 0 01/01/2026 1.03%
        LETRA TESOURO NACIONAL 0 07/01/2026 0.94%
        REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048 0.90%
        MEX BONOS DESARR FIX RT 7.5 06/03/2027 0.88%
        REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 0.81%
        MEX BONOS DESARR FIX RT 7.75 05/29/2031 0.79%
        MEX BONOS DESARR FIX RT 5.5 03/04/2027 0.78%
        Download All Holdings: Download Daily Holdings

        Sector Allocation

        Fund Sector Allocation as of 31 Oct 2024

        Sector Weight
        Treasury 98.64%
        Cash 0.91%
        Agency 0.45%

        Geographical Weights

        Maturity Ladder

        Fund Maturity Ladder as of 31 Oct 2024

        Maturity Weight
        0 - 1 Year 1.25%
        1 - 2 Years 11.91%
        2 - 3 Years 11.45%
        3 - 5 Years 17.59%
        5 - 7 Years 12.05%
        7 - 10 Years 15.90%
        10 - 15 Years 10.64%
        15 - 20 Years 7.36%
        20 - 30 Years 9.68%
        > 30 Years 2.16%

        Quality Breakdown

        Fund Quality Breakdown as of 31 Oct 2024

        Quality Weight
        AAA 0.91%
        AA2 9.99%
        AA3 3.77%
        A1 10.01%
        A2 10.23%
        A3 9.91%
        BAA1 9.09%
        BAA2 25.96%
        BAA3 5.60%
        BA2 12.95%
        B1 1.58%

        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 Emerging Markets Local Bond USD Base CCY Hdg to EUR UCITS ETF (Acc), tracking the Bloomberg Barclays Emerging Markets Local Currency Liquid Government Bond Index unhedged USD base hedged into EUR.

        MARKETING COMMUNICATION

                                           

        FOR PROFESSIONAL INVESTORS USE ONLY.

         

        SSGA SPDR ETFS MAY NOT BE AVAILABLE OR SUITABLE FOR ALL. SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.

         

        Investing involves risk including the risk of loss of principal.

         

        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.

         

        The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

         

        The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.

         

        The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the Markets in Financial Instruments Directive (2014/65/EU) or applicable Swiss regulation. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

         

        All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.  There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

         

        This content has been issued by State Street Global Advisors Europe Limited is regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered Number: 49934. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300.

         

        FOR EUROPEAN SPDR ETFs and MANAGED FUNDS:

         

        Please refer to the Fund’s latest Key Information Document (KID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID can be found at www.ssga.com/ch/en_gb/institutional/ic/fund-finder. A summary of investor rights can be found here:

         

        Managed Funds: https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-investors-rights-summary-non-etf-ireland.pdf

         

        SPDR ETFs: https://www.ssga.com/library-content/products/fund-docs/summary-of-investor-rights/ssga-spdr-investors-rights-summary.pdf

         

        Note that the Management Company may decide to terminate the arrangements made for marketing and proceed with de-notification in compliance with Article 93a of Directive 2009/65/EC.

         

        SPDR ETFs is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by Central Bank of Ireland as open-ended UCITS investment companies.

         

        SSGA SPDR ETFs Europe I & SPDR ETFs Europe II plc issue SPDR ETFs, and is an open-ended investment company with variable capital having segregated liability between its sub-funds. The Company is organized as an Undertaking for Collective Investments in Transferable Securities (UCITS) under the laws of Ireland and authorized as a UCITS by the Central Bank of Ireland.


        For Ireland Unit Trust:

        The State Street Ireland Unit Trust was authorised by the Central Bank of Ireland as unit trust pursuant to the Unit Trusts Act, 1990 and the European Communities (Alternative Investment Fund Managers Directive) Regulations 2013 (as amended) as a Retail Investor Alternative Investment Fund on 30 June 2015. This document should be read in conjunction with its Prospectus and Supplement. All transactions should be based on the latest available Prospectus and Supplement which contain more information regarding the charges, expenses and risks involved in your investment. Prospective investors may obtain these reports free of charge from State Street Global Advisors Europe Limited which is regulated by the Central Bank of Ireland.

         

        FOR STRATEGIES:

         

        This document provides summary information regarding the Strategy. This document should be read in conjunction with the Strategy's Disclosure Document, which is available from SSGA. The Strategy Disclosure Document contains important information about the Strategy, including a description of a number of risks.

         

        The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

        4978691.4.1.EMEA.INST

        Exp: 30.06.2025

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