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State Street® SPDR® Bloomberg 1-5 Year Gilt UCITS ETF (Dist)Index, costs, backtest, listings and taxation

Q: Which index does State Street® SPDR® Bloomberg 1-5 Year Gilt UCITS ETF (Dist) track?

The issuer SPDR declares the benchmark: Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index.

Q: How much does SYB5 cost?

The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.01%.

Q: How is SYB5 taxed in Italy?

On sale, the capital gain is taxed at an effective 12.59% rate (white-list share 99.37%): 12.5% on the government-bond “white list” portion, 26% on the rest.

Q: What is the fund size of SYB5?

The fund size declared by SPDR is about 177 million euro.

Q: When was SYB5 launched?

The fund was launched on 16 May 2012: it has 14 years of history.

Q: How does SYB5 replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).

Q: Does SYB5 pay dividends?

Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).

Q: Where does SYB5 trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (SYB5), Börse Frankfurt (SYB5), Börse Hamburg (SYB5), Börse Hannover (SYB5), Börse München / gettex (SYB5), Börse Stuttgart (SYB5).

Q: What was SYB5's worst fall?

Over the available history (since 2012), the maximum drawdown was -11.39%, reached in September 2022. Past performance is not indicative of future results.

Q: How many securities does SYB5 hold?

The declared portfolio holds 18 securities; the top 10 positions weigh 73.1%.

ISIN: IE00B6YX5K17Ticker: SYB5 (Xetra) · GLTS (London SE)Issuer: SPDR

Issuer-declared data

Declared index

Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index

TER

0.15%

Transaction costs

0.01% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Distributing

SFDR

Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

177.2 mln EUR

NAV

48.03 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.

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Description

State Street® SPDR® Bloomberg 1-5 Year Gilt UCITS ETF (Dist) tracks the issuer-declared index: Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. The declared annual cost (TER) is 0.15%, plus 0.01% 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 177 million 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 for securities with a short-term maturity of between 1 and up to (but not including) 5 years. The Fund seeks to track the performance of the Bloomberg Sterling 1-5 Year Aggregate Gilts 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 include public (government) obligations of the United Kingdom with a maturity between 1 and up to (but not including) 5 years. 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.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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

Dividends reinvestedAdjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+12.9%

Annualised

+0.8%

Volatility (ann.)

2.1%

Max drawdown

-10.95%

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.

Max drawdown

-10.95%

peak → trough

Trough

27 Sept 2022

from the 21 Sept 2020 peak

Recovery time

938 days

recovery only: trough to break-even · ≈ 2 years and 7 months

Underwater

1,674 days

decline + recovery: peak to break-even · ≈ 4 years and 7 months · → recovered on 22 Apr 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
21 Sept 2020	27 Sept 2022	-10.95%	22 Apr 2025	1,674
27 Feb 2026	20 Mar 2026	-2.23%	ongoing	193
09 Aug 2016	21 Mar 2018	-1.91%	24 May 2019	1,018
02 May 2013	27 Dec 2013	-1.80%	07 Oct 2014	523
02 Aug 2012	04 Jan 2013	-1.16%	27 Mar 2013	237

Calendar-year returns

2016

2.7%

2017

-0.4%

2018

0.3%

2019

0.7%

2020

1.7%

2021

-2.0%

2022

-5.6%

2023

3.7%

2024

1.9%

2025

5.2%

2026

0.8%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	0.3	0.9	-1.8	0.2	0.9	0.5	-0.4	0.3	-0.1				0.8
2025	0.8	0.5	0.2	1.4	-0.4	0.8	0.2	0.0	0.2	0.9	0.3	0.3	5.2
2024	-0.4	-0.7	0.8	-0.8	0.5	0.7	1.1	0.4	0.5	-0.8	0.9	-0.2	1.9
2023	1.2	-1.2	0.9	-0.4	-1.1	-1.6	1.3	0.6	0.8	0.4	0.9	2.0	3.7
2022	-0.9	0.0	-0.8	-0.6	0.1	-0.6	0.7	-3.1	-3.6	2.9	0.8	-0.6	-5.6
2021	-0.2	-0.8	0.1	-0.0	0.1	-0.0	0.1	-0.2	-0.6	-0.7	0.7	-0.5	-2.0
2020	0.4	0.3	0.5	0.3	0.2	0.1	0.1	-0.2	0.0	-0.1	-0.2	0.3	1.7
2019	0.1	-0.1	0.6	-0.3	0.6	0.0	0.6	-0.3	0.1	-0.4	-0.2	-0.1	0.7
2018	-0.7	-0.0	0.0	0.1	0.5	-0.2	-0.0	0.1	-0.2	0.4	0.2	0.1	0.3
2017	-0.4	0.6	-0.1	0.1	0.0	-0.7	0.3	0.4	-1.0	0.0	-0.1	0.3	-0.4
2016	1.2	0.7	-0.3	-0.4	0.3	1.2	0.2	0.0	-0.0	-0.8	0.2	0.3	2.7
2015	0.7	-0.7	0.6	-0.4	0.2	-0.3	0.2	0.2	0.5	-0.1	0.2	-0.2	0.7
2014	0.5	0.1	-0.1	0.1	0.2	-0.4	0.2	0.8	-0.0	0.8	0.7	0.4	3.3
2013	-0.2	0.5	0.3	0.1	-0.6	-0.5	0.5	-0.6	0.1	0.2	-0.1	-0.6	-1.0
2012						-0.3	0.8	0.0	-0.3	-0.2	-0.0	0.0	0.5

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)

-0.13% /anno

Declared TER

0.15%

Year	Fund	Index	Difference
2025	+5.24%	+5.36%	-0.12%
2024	+1.93%	+2.02%	-0.09%
2023	+3.71%	+3.88%	-0.17%
2022	-5.60%	-5.45%	-0.16%
2021	-2.03%	-1.88%	-0.15%
2020	+1.74%	+1.91%	-0.17%
2019	+0.99%	+1.15%	-0.16%
2018	+0.27%	+0.39%	-0.12%
2017	-0.39%	-0.23%	-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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	4.59%	5.03%	6.20%	6.77%	7.20%
Max drawdown	-3.42%	-6.50%	-15.76%	-16.62%	-28.92%
Sharpe	-0.54	-0.48	-0.59	-0.28	-0.20
Sortino	-0.68	-0.60	-0.77	-0.38	-0.28

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: 2.21%), 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

2.78years

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

Maturity breakdown (% of fund)

< 1 year

0.06%

1–3 years

56.98%

3–5 years

42.96%

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

0.06%

99.94%

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

Top-10 weight

73.1%

Top 10 holdings

UNITED KINGDOM GILT 4.375 03/07/2028

8.47%

UNITED KINGDOM GILT 4.75 12/07/2030

8.36%

UNITED KINGDOM GILT 4.375 03/07/2030

8.07%

UNITED KINGDOM GILT 4 05/22/2029

7.58%

UNITED KINGDOM GILT 0.875 10/22/2029

7.31%

UNITED KINGDOM GILT 4.125 03/07/2031

6.93%

UNITED KINGDOM GILT 4.125 07/22/2029

6.84%

UNITED KINGDOM GILT 0.125 01/31/2028

6.74%

UNITED KINGDOM GILT 1.625 10/22/2028

6.51%

UNITED KINGDOM GILT 4.5 06/07/2028

6.33%

⬇ Download the full portfolio — Excel, 18 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

0.9084 GBP

ex 3 Aug 2026 · paid 17 Aug 2026

Dividends, last 12 months

1.81 GBP

Dividend yield

3.77%

12-month sum over the NAV as of 8 Sept 2026

Yield by year

Period	Dividends	Dividend yield
1 year	1.81 GBP	3.71 %
2025	1.70 GBP	3.49 %
2024	1.33 GBP	2.71 %
2023	0.64 GBP	1.33 %
2022	0.08 GBP	0.17 %
2021	0.06 GBP	0.12 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (GBP)

Year	Jan	Feb	Jul	Aug
2026		0.90		0.91
2025		0.83		0.87
2024		0.60		0.73
2023		0.21		0.43
2022		0.02		0.06
2021		0.05		0.02
2020		0.13		0.11
2019		0.14
2018		0.09		0.11
2017		0.15		0.12
2016		0.25		0.21
2015	0.26		0.24
2014	0.15		0.20
2013	0.17		0.05

Latest dividends

Per share	Ex-dividend date	Record date	Payment
0.9084 GBP	3 Aug 2026	4 Aug 2026	17 Aug 2026
0.9019 GBP	2 Feb 2026	3 Feb 2026	17 Feb 2026
0.8665 GBP	4 Aug 2025	5 Aug 2025	18 Aug 2025
0.8316 GBP	3 Feb 2025	4 Feb 2025	18 Feb 2025
0.7315 GBP	2 Aug 2024	5 Aug 2024	16 Aug 2024
0.5958 GBP	1 Feb 2024	2 Feb 2024	15 Feb 2024
0.4299 GBP	1 Aug 2023	2 Aug 2023	15 Aug 2023
0.2055 GBP	1 Feb 2023	2 Feb 2023	15 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 Sterling 1-5 Year Aggregate Gilts Bond Index

This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains

12.59%

White-list share

99.37%

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 →

Stock exchange listings

Exchange	Ticker	Trading since
Börse Düsseldorf	SYB5	6 Nov 2014
Börse Frankfurt	SYB5	18 May 2012
Börse Hamburg	SYB5	1 Aug 2016
Börse Hannover	SYB5	9 Dec 2024
Börse München / gettex	SYB5	4 Jul 2014
Börse Stuttgart	SYB5	23 May 2012
Tradegate Exchange	SYB5	7 Oct 2019
Xetra (Deutsche Börse)	SYB5	18 May 2012

+ 12 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 1-5 Year Gilt UCITS ETF (Dist) track?

The issuer SPDR declares the benchmark: Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index.

How much does SYB5 cost?

The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.01%.

How is SYB5 taxed in Italy?

On sale, the capital gain is taxed at an effective 12.59% rate (white-list share 99.37%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of SYB5?

The fund size declared by SPDR is about 177 million euro.

When was SYB5 launched?

The fund was launched on 16 May 2012: it has 14 years of history.

How does SYB5 replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).

Does SYB5 pay dividends?

Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).

Where does SYB5 trade?

Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (SYB5), Börse Frankfurt (SYB5), Börse Hamburg (SYB5), Börse Hannover (SYB5), Börse München / gettex (SYB5), Börse Stuttgart (SYB5).

What was SYB5's worst fall?

Over the available history (since 2012), the maximum drawdown was -11.39%, reached in September 2022. Past performance is not indicative of future results.

How many securities does SYB5 hold?

The declared portfolio holds 18 securities; the top 10 positions weigh 73.1%.

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.

State Street® SPDR® Bloomberg 1-5 Year Gilt UCITS ETF (Dist)Index, costs, backtest, listings and taxation

Description

Official documents

Fund performance

Drawdown — distance from previous peak

The five worst falls in the period

Calendar-year returns

Month-by-month returns

Tracking difference — issuer-declared

Risk indicators· EUR

Duration and maturities?

Credit rating?

Portfolio holdings

Top 10 holdings

Dividends

Yield by year?

Dividend contribution to total return?

Calendar per share (GBP)

Latest dividends?

Index tracked

Italian taxation

Stock exchange listings

Frequently asked questions

Duration and maturities

Credit rating

Yield by year

Dividend contribution to total return

Latest dividends