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State Street® SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE000P4KWPY3Ticker: SUUC (London SE)Issuer: SPDR
Issuer-declared data
Declared index
Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged)
TER
0.25%
Transaction costs
0.06% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
657.1 mln EUR
NAV
11.3 USD (30 August 2026)
Domicile
Ireland
Inception date
6 March 2024
Data as declared by SPDR in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

State Street® SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Acc) tracks the issuer-declared index: Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged). The declared annual cost (TER) is 0.25%, plus 0.06% in transaction costs estimated by the issuer in the KID. Replication is stratified-sampling physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 657 million euro, was launched on 6 March 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective The objective of the Fund is to track the performance of the Euro denominated corporate bond market for fixed-rate, investment-grade (high quality) securities. The Fund seeks to track the performance of the Bloomberg Euro 03 Year Corporate Bond Index (USD Hedged) (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities will include fixed rate, investment grade bonds (denominated in Euro) that have a remaining maturity of less than 3 years. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use a stratified sampling strategy to build a representative portfolio. Consequently, the Fund will typically hold only a subset of the securities included in the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund promotes environmental or social characteristics in accordance with SFDR Article 8. These environmental and social characteristics are detailed in the SFDR Annex of the Fund's Supplement. The Shares of the USD Class are issued in U.S. Dollar. This USD Hedged Class is made available to reduce exchange rate fluctuations between the currency of this Share Class and the currency in which the underlying assets of the Fund are denominated. The Share Class will be hedged back to USD and consequently should more closely track the corresponding hedged version of the Index (Bloomberg Euro 0- 3 Year Corporate Bond Index (USD Hedged)). The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund's maximum exposure to securities lending as a percentage of its Net Asset Value will not exceed 70%. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. Index Source: The Index is the intellectual property of the Index provider. The Fund is not sponsored or endorsed by the Index provider. The Index provider does not provide any warranty or accept any liability in relation to any error relating to the Index, including any error in respect of the quality, accuracy or completeness of Index data, and does not guarantee that the Index will be in line with the described Index methodology. Please see the Prospectus for the full index disclaimer.

Keep reading the KID section ▾

Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 3 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.25%: above the median of bond ETFs we track (0.15%).
  • Assets larger than 76% of bond ETFs we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Mar 2024 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+13.0%
Annualised
+5.0%
Volatility (ann.)
0.8%
Max drawdown
-0.66%
-3%+2%+7%+12%+16%Mar 2024Oct 2024Jun 2025Jan 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+13%Mar 2024Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-1%-2%-3%-4%202420252026−0.66% · 27 Mar 2026
Max drawdown
-0.66%
peak → trough
Trough
27 Mar 2026
from the 27 Feb 2026 peak
Recovery time
21 days
recovery only: trough to break-even
Underwater
49 days
decline + recovery: peak to break-even · → recovered on 17 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202627 Mar 2026-0.66%17 Apr 202649
04 Apr 202416 Apr 2024-0.31%06 May 202432
04 Mar 202506 Mar 2025-0.24%20 Mar 202516
06 Jul 202623 Jul 2026-0.22%03 Aug 202628
17 Apr 202629 Apr 2026-0.21%06 May 202619

Calendar-year returns

2024
5.3%
2025
5.1%
2026
2.0%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.50.3-0.60.60.60.40.10.2-0.02.0
20250.50.50.20.70.40.50.50.30.40.50.20.35.1
20240.10.50.60.90.60.80.30.70.35.3
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.
Declared TER
0.25%
YearFundIndexDifference
2025+5.13%+5.27%-0.14%
2024+5.30%+5.46%-0.16%
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 July 2026), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearFull history
Volatility (ann.)5.12%6.73%
Max drawdown-3.08%-11.11%
Sharpe0.32-0.06
Sortino0.45-0.08
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
1.45years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
31.22%
1–3 years
68.78%

Source: factsheet SPDR, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
Aaa
0.23%
Aa
7.73%
A
44.80%
Baa
47.24%

Source: factsheet SPDR, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
1,674
Top-10 weight
1.8%

Top 10 holdings

MORGAN STANLEY 4.656 03/02/2029
0.21%
UBS GROUP AG 0.25 11/05/2028
0.20%
ANHEUSER-BUSCH INBEV SA/ 2 03/17/2028
0.19%
JPMORGAN CHASE & CO 1.5 10/29/2026
0.18%
VOLKSWAGEN INTL FIN NV 1.875 03/30/2027
0.18%
ROYAL BANK OF CANADA 3.375 06/15/2030
0.18%
JPMORGAN CHASE & CO 1.963 03/23/2030
0.18%
MIZUHO FINANCIAL GROUP 0.47 09/06/2029
0.18%
Cash_EUR
0.18%
BANQUE FED CRED MUTUEL 3.125 09/14/2027
0.17%
Download the full portfolio — Excel, 1,674 rows
Full portfolio declared by SPDR, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BC7GZW19SEUC
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,000 €, agreement until 31 May 2027
  • Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTicker
London Stock ExchangeSUUC
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does State Street® SPDR® Bloomberg 0-3 Year Euro Corporate Bond USD Hdg UCITS ETF (Acc) track?
The issuer SPDR declares the benchmark: Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged).
How much does SUUC cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.06%.
How is SUUC taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of SUUC?
The fund size declared by SPDR is about 657 million euro.
When was SUUC launched?
The fund was launched on 6 March 2024: it has 2 years of history.
How does SUUC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Stratified Sampling”).
Does SUUC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
How many securities does SUUC hold?
The declared portfolio holds 1,674 securities; the top 10 positions weigh 1.8%.
Transparency note
The data in this sheet is declared by SPDR in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.