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State Street® SPDR® Bloomberg 15+ Year Gilt UCITS ETF (Dist)Index, costs, backtest, listings and taxation

ISIN: IE00B6YX5L24Ticker: SYBL (Xetra) · GLTL (London SE)Issuer: SPDR

Issuer-declared data

Declared index

Bloomberg Sterling 15+ Year Aggregate Gilts Bond Index

TER

0.15%

Transaction costs

0.00% (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

292.9 mln EUR

NAV

32.51 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 15+ Year Gilt UCITS ETF (Dist) tracks the issuer-declared index: Bloomberg Sterling 15+ Year Aggregate Gilts 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 293 million euro, was launched on 16 May 2012 and is domiciled in Ireland.

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

The Shares of the GBP Class are issued in Pound Sterling. Investment objective The objective of the Fund is to track the performance of the UK Government bond (Gilt) market for securities with a maturity of over 15 years. 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. The Fund seeks to track the performance of the Bloomberg Sterling 15+ 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 will include public (government) obligations of the United Kingdom with a maturity of over 15 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.
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

-7.7%

Annualised

-0.6%

Volatility (ann.)

15.1%

Max drawdown

-54.88%

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

-54.88%

peak → trough

Trough

12 Oct 2022

from the 09 Mar 2020 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

2,374 days

decline + recovery: peak to break-even · ≈ 6 years and 6 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
09 Mar 2020	12 Oct 2022	-54.88%	ongoing	2,374
11 Aug 2016	15 Dec 2016	-15.79%	06 Jun 2019	1,029
30 Jan 2015	10 Jun 2015	-12.46%	11 Feb 2016	377
02 May 2013	10 Sept 2013	-11.51%	07 Aug 2014	462
03 Sept 2019	30 Dec 2019	-8.68%	02 Mar 2020	181

Calendar-year returns

2016

18.7%

2017

3.4%

2018

0.1%

2019

10.7%

2020

13.7%

2021

-7.4%

2022

-40.2%

2023

1.4%

2024

-10.6%

2025

3.6%

2026

-5.6%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	-0.9	4.4	-7.3	-1.8	3.3	0.9	-3.7	0.0	-0.1				-5.6
2025	0.9	1.1	-2.9	1.8	-2.5	2.1	-1.2	-2.7	1.5	5.4	-0.0	0.4	3.6
2024	-4.8	-1.4	2.7	-5.7	1.2	1.8	2.5	0.8	-0.6	-4.5	2.6	-5.3	-10.6
2023	4.0	-6.0	5.1	-3.5	-6.5	1.6	-0.1	-1.9	-3.7	-1.4	5.5	9.6	1.4
2022	-6.7	-2.9	-3.3	-5.0	-6.5	-3.4	3.9	-12.0	-11.3	2.3	4.6	-8.4	-40.2
2021	-3.0	-9.7	0.1	1.1	0.7	1.3	5.5	-1.5	-6.4	5.5	5.1	-4.9	-7.4
2020	6.3	2.1	2.4	5.6	-0.4	-1.3	0.5	-5.6	2.8	-1.0	-0.7	2.7	13.7
2019	2.0	-1.7	5.5	-2.5	4.4	0.2	3.2	5.7	0.9	-3.1	-1.3	-2.5	10.7
2018	-3.2	0.6	4.0	-2.1	2.8	-1.0	-0.6	0.1	-2.8	1.2	-3.2	4.8	0.1
2017	-3.3	5.1	0.7	0.2	0.8	-3.2	0.2	3.4	-4.1	0.6	0.6	2.7	3.4
2016	6.2	1.8	0.2	-2.1	3.5	10.3	3.6	5.6	-4.8	-6.5	-2.6	3.4	18.7
2015	8.9	-7.6	3.4	-3.8	0.6	-3.2	3.1	0.2	1.8	-2.1	1.6	-1.9	-0.0
2014	3.1	0.2	0.1	1.3	1.5	-0.5	2.2	6.4	-1.5	1.7	5.7	3.3	25.8
2013	-3.6	1.1	3.0	2.4	-4.5	-3.7	0.9	-1.1	1.5	1.0	-1.8	-1.2	-6.1
2012						-1.5	3.1	-0.7	-1.3	-0.8	1.5	-1.0	3.1

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%

Year	Fund	Index	Difference
2025	+3.60%	+3.71%	-0.11%
2024	-10.65%	-10.52%	-0.13%
2023	+1.40%	+1.53%	-0.13%
2022	-40.25%	-40.16%	-0.09%
2021	-7.37%	-7.24%	-0.13%
2020	+13.71%	+13.87%	-0.16%
2019	+11.54%	+11.70%	-0.16%
2018	+0.06%	+0.16%	-0.10%
2017	+3.35%	+3.51%	-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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	12.78%	13.98%	19.89%	17.42%	16.30%
Max drawdown	-12.00%	-25.44%	-59.76%	-61.02%	-61.02%
Sharpe	-0.47	-0.52	-0.85	-0.43	-0.19
Sortino	-0.62	-0.70	-1.22	-0.63	-0.27

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

15.42years

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

Maturity breakdown (% of fund)

< 1 year

0.06%

10–20 years

30.69%

> 20 years

69.25%

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

54.2%

Top 10 holdings

UNITED KINGDOM GILT 4.75 10/22/2043

7.31%

UNITED KINGDOM GILT 4.375 07/31/2054

6.17%

UNITED KINGDOM GILT 4.5 12/07/2042

5.90%

UNITED KINGDOM GILT 3.25 01/22/2044

5.26%

UNITED KINGDOM GILT 3.5 01/22/2045

5.20%

UNITED KINGDOM GILT 4.25 12/07/2055

5.07%

UNITED KINGDOM GILT 4.25 12/07/2046

5.04%

UNITED KINGDOM GILT 3.75 10/22/2053

4.97%

UNITED KINGDOM GILT 1.25 10/22/2041

4.74%

UNITED KINGDOM GILT 3.75 07/22/2052

4.51%

⬇ Download the full portfolio — Excel, 29 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

0.8811 GBP

ex 3 Aug 2026 · paid 17 Aug 2026

Dividends, last 12 months

1.75 GBP

Dividend yield

5.39%

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

Yield by year

Period	Dividends	Dividend yield
1 year	1.75 GBP	5.08 %
2025	1.72 GBP	4.69 %
2024	1.61 GBP	3.78 %
2023	1.27 GBP	2.92 %
2022	0.71 GBP	0.96 %
2021	0.64 GBP	0.81 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (GBP)

Year	Jan	Feb	Jul	Aug
2026		0.87		0.88
2025		0.85		0.87
2024		0.79		0.82
2023		0.58		0.69
2022		0.33		0.38
2021		0.32		0.32
2020		0.44		0.36
2019		0.50
2018		0.47		0.53
2017		0.58		0.63
2016		0.67		0.62
2015	0.72		0.68
2014	0.74		0.75
2013	1.01		0.70

Latest dividends

Per share	Ex-dividend date	Record date	Payment
0.8811 GBP	3 Aug 2026	4 Aug 2026	17 Aug 2026
0.869 GBP	2 Feb 2026	3 Feb 2026	17 Feb 2026
0.87 GBP	4 Aug 2025	5 Aug 2025	18 Aug 2025
0.851 GBP	3 Feb 2025	4 Feb 2025	18 Feb 2025
0.8202 GBP	2 Aug 2024	5 Aug 2024	16 Aug 2024
0.7917 GBP	1 Feb 2024	2 Feb 2024	15 Feb 2024
0.6906 GBP	1 Aug 2023	2 Aug 2023	15 Aug 2023
0.5757 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 15+ 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

12.67%

White-list share

98.72%

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:

IE00B6YX5L24SYBL

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

Exchange	Ticker	Trading since
Börse Düsseldorf	SYBL	6 Nov 2014
Börse Frankfurt	SYBL	18 May 2012
Börse Hamburg	SYBL	19 Feb 2020
Börse Hannover	SYBL	9 Dec 2024
Börse München / gettex	SYBL	4 Jul 2014
Börse Stuttgart	SYBL	23 May 2012
Tradegate Exchange	SYBL	31 Oct 2019
Xetra (Deutsche Börse)	SYBL	18 May 2012

+ 18 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 15+ Year Gilt UCITS ETF (Dist) track?

The issuer SPDR declares the benchmark: Bloomberg Sterling 15+ Year Aggregate Gilts Bond Index.

How much does SYBL cost?

The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.00%.

How is SYBL taxed in Italy?

On sale, the capital gain is taxed at an effective 12.67% rate (white-list share 98.72%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of SYBL?

The fund size declared by SPDR is about 293 million euro.

When was SYBL launched?

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

How does SYBL replicate its index?

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

Does SYBL pay dividends?

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

Where does SYBL trade?

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

What was SYBL's worst fall?

Over the available history (since 2012), the maximum drawdown was -61.70%, reached in September 2026. Past performance is not indicative of future results.

How many securities does SYBL hold?

The declared portfolio holds 29 securities; the top 10 positions weigh 54.2%.

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.