← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
🇮🇹 Effective capital-gains rate: 12.62%details →

State Street® SPDR® Bloomberg UK Gilt UCITS ETF (Dist)Index, costs, backtest, listings and taxation

ISIN: IE00B3W74078Ticker: SYBG (Xetra) · GLTY (London SE)Issuer: SPDR
Issuer-declared data
TER
0.15%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
1.1 bn EUR
NAV
40.94 GBP (30 August 2026)
Domicile
Ireland
Inception date
16 May 2012
Data as declared by SPDR in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

State Street® SPDR® Bloomberg UK Gilt UCITS ETF (Dist) tracks the issuer-declared index: Bloomberg UK Gilt Bond Index. The declared annual cost (TER) is 0.15%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (declared as “Replicated” by the issuer); income is distributed to investors. The fund has assets of about 1.1 billion euro, was launched on 16 May 2012 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 UK Government bond (Gilt) market. The Fund seeks to track the performance of the Bloomberg UK Gilt Bond Index (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 public (government) obligations of the United Kingdom. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. The Fund will use a replication strategy to create a near mirror-image of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. 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 paid to shareholders in respect of the shares. The Shares of the GBP Class are issued in Pound Sterling. 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

  • Assets larger than 84% 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) · GBP · from May 2012 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+5.2%
Annualised
+0.4%
Volatility (ann.)
8.5%
Max drawdown
-36.72%
-8%+7%+23%+38%+54%May 2012Dec 2015Jul 2019Feb 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+5%May 2012Sept 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
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%-10%-20%-30%-40%-50%20122014201620182020202220242026−36.72% · 12 Oct 2022
Max drawdown
-36.72%
peak → trough
Trough
12 Oct 2022
from the 09 Mar 2020 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,368 days
decline + recovery: peak to break-even · ≈ 6 years and 6 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Mar 202012 Oct 2022-36.72%ongoing2,368
11 Aug 201615 Dec 2016-9.20%29 May 20191,021
02 May 201310 Sept 2013-7.42%26 Aug 2014481
30 Jan 201526 Jun 2015-7.24%08 Feb 2016374
03 Sept 201930 Dec 2019-5.55%02 Mar 2020181

Calendar-year returns

2016
10.6%
2017
1.8%
2018
0.4%
2019
6.4%
2020
8.7%
2021
-5.4%
2022
-25.2%
2023
3.4%
2024
-4.1%
2025
4.9%
2026
-2.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.22.5-4.3-0.61.90.7-1.80.2-0.7-2.3
20250.80.8-1.21.8-1.41.5-0.4-1.10.72.90.10.34.9
2024-2.4-1.21.8-3.20.81.31.90.50.0-2.81.8-2.5-4.1
20232.8-3.53.0-1.8-3.8-0.50.8-0.5-1.0-0.53.15.73.4
2022-4.1-1.5-2.2-3.0-3.1-2.02.7-8.1-8.53.23.0-4.4-25.2
2021-1.8-5.90.10.50.50.72.9-0.9-3.82.33.1-2.8-5.4
20203.81.41.53.2-0.0-0.60.4-3.21.6-0.6-0.51.78.7
20191.1-1.03.4-1.62.90.12.23.10.5-1.9-0.9-1.56.4
2018-2.20.22.1-1.01.8-0.6-0.30.2-1.71.0-1.32.40.4
2017-1.93.20.30.20.5-2.10.32.0-2.70.30.31.61.8
20163.81.5-0.2-1.31.95.92.12.8-2.5-4.1-1.42.010.6
20154.8-4.52.1-2.30.4-1.91.70.31.3-1.21.0-1.10.3
20142.10.10.00.70.9-0.61.13.5-0.71.43.31.814.5
2013-2.00.91.71.2-2.6-2.50.8-1.10.80.7-1.0-1.2-4.3
2012-1.02.1-0.3-0.7-0.70.8-0.52.0
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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. Tracking difference was positive in 0 of the last 9 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.12% /anno
Declared TER
0.15%
YearFundIndexDifference
2025+4.91%+5.02%-0.11%
2024-4.14%-4.02%-0.12%
2023+3.42%+3.56%-0.14%
2022-25.23%-25.11%-0.12%
2021-5.42%-5.27%-0.15%
2020+8.73%+8.88%-0.16%
2019+6.99%+7.15%-0.16%
2018+0.38%+0.50%-0.12%
2017+1.80%+1.95%-0.15%
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 yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)7.59%8.37%11.67%10.96%10.64%
Max drawdown-6.69%-12.36%-38.19%-39.43%-39.68%
Sharpe-0.31-0.50-0.87-0.43-0.22
Sortino-0.41-0.66-1.20-0.61-0.31
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
7.96years

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

Maturity breakdown (% of fund)
< 1 year
0.05%
1–3 years
18.99%
3–5 years
14.05%
5–7 years
11.69%
7–10 years
16.37%
10–20 years
20.49%
> 20 years
18.35%

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
0.05%
Aa
99.95%

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
69
Top-10 weight
25.7%

Top 10 holdings

UNITED KINGDOM GILT 4.375 03/07/2028
2.91%
UNITED KINGDOM GILT 4.375 03/07/2030
2.82%
UNITED KINGDOM GILT 4.75 12/07/2030
2.66%
UNITED KINGDOM GILT 4 05/22/2029
2.65%
UNITED KINGDOM GILT 4.75 10/22/2035
2.58%
UNITED KINGDOM GILT 4.25 06/07/2032
2.46%
UNITED KINGDOM GILT 4.5 03/07/2035
2.45%
UNITED KINGDOM GILT 4.125 03/07/2031
2.44%
UNITED KINGDOM GILT 4.125 07/22/2029
2.40%
UNITED KINGDOM GILT 4 10/22/2031
2.29%
Download the full portfolio — Excel, 69 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 →

Dividends

Frequency
Semi-Annually
Latest dividend
0.8544 GBP
ex 3 Aug 2026 · paid 17 Aug 2026
Dividends, last 12 months
1.67 GBP
Dividend yield
4.12%
12-month sum over the NAV as of 2 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.67 GBP4.05 %
20251.54 GBP3.59 %
20241.16 GBP2.54 %
20230.78 GBP1.72 %
20220.52 GBP0.85 %
20210.52 GBP0.79 %

Dividend contribution to total return

-30%-20%-10%0%10%+2.28 %1 year+4.80 %2025−4.06 %2024+3.34 %2023−25.07 %2022−5.39 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.820.85
20250.750.78
20240.530.63
20230.340.44
20220.250.27
20210.270.25
20200.370.32
20190.36
20180.340.38
20170.440.47
20160.490.46
20150.520.47
20140.470.50
20130.630.40

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.8544 GBP3 Aug 20264 Aug 202617 Aug 2026
0.8195 GBP2 Feb 20263 Feb 202617 Feb 2026
0.7844 GBP4 Aug 20255 Aug 202518 Aug 2025
0.753 GBP3 Feb 20254 Feb 202518 Feb 2025
0.6294 GBP2 Aug 20245 Aug 202416 Aug 2024
0.532 GBP1 Feb 20242 Feb 202415 Feb 2024
0.4381 GBP1 Aug 20232 Aug 202315 Aug 2023
0.3382 GBP1 Feb 20232 Feb 202315 Feb 2023
Per-share dividends as declared by the issuer, in GBP, since the first payment (31 Jan 2013). Past dividends are not indicative of future ones.

Index tracked

Bloomberg UK Gilt Bond Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.62%
White-list share
99.12%
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:

IE00B3W74078SYBG
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
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

ExchangeTickerTrading since
Börse DüsseldorfSYBG6 Nov 2014
Börse FrankfurtSYBG18 May 2012
Börse HamburgSYBG1 Aug 2016
Börse HannoverSYBG9 Dec 2024
Börse München / gettexSYBG4 Jul 2014
Börse StuttgartSYBG23 May 2012
Tradegate ExchangeSYBG31 Oct 2019
Xetra (Deutsche Börse)SYBG18 May 2012
+ 17 more trading venues (MTFs and professional platforms).
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 UK Gilt UCITS ETF (Dist) track?
The issuer SPDR declares the benchmark: Bloomberg UK Gilt Bond Index.
How much does SYBG cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.00%.
How is SYBG taxed in Italy?
On sale, the capital gain is taxed at an effective 12.62% rate (white-list share 99.12%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of SYBG?
The fund size declared by SPDR is about 1.1 billion euro.
When was SYBG launched?
The fund was launched on 16 May 2012: it has 14 years of history.
How does SYBG replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).
Does SYBG pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does SYBG trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (SYBG), Börse Frankfurt (SYBG), Börse Hamburg (SYBG), Börse Hannover (SYBG), Börse München / gettex (SYBG), Börse Stuttgart (SYBG).
What was SYBG's worst fall?
Over the available history (since 2012), the maximum drawdown was -38.87%, reached in September 2026. Past performance is not indicative of future results.
How many securities does SYBG hold?
The declared portfolio holds 69 securities; the top 10 positions weigh 25.7%.
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.