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State Street® SPDR® Bloomberg U.S. Corporate Scored UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE00BLF7VX27Ticker: SPPU (Xetra) · USCR (London SE) · USCR (SIX)Issuer: SPDR
Issuer-declared data
Declared index
Bloomberg SASB Scored US Corporate Ex-Controversies Select Index
TER
0.15%
Transaction costs
0.05% (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
238.7 mln EUR
NAV
30.19 USD (30 August 2026)
Domicile
Ireland
Inception date
22 October 2020
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 U.S. Corporate Scored UCITS ETF (Acc) tracks the issuer-declared index: Bloomberg SASB Scored US Corporate Ex-Controversies Select Index. The declared annual cost (TER) is 0.15%, plus 0.05% 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 239 million euro, was launched on 22 October 2020 and is domiciled in Ireland.

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

Investment objective The objective of the Fund is to seek to provide investors with a total return, taking into account both capital and income returns, which generally reflects the return of the Bloomberg SASB Scored US Corporate Ex-Controversies Select Index. The Fund seeks to track the performance of the Bloomberg SASB Scored US Corporate Ex-Controversies Select 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. The Index is an investment grade (high quality), fixed-rate, U. S. dollar-denominated benchmark that optimizes its R-Factor™ score, an environmental, social and governance ("ESG") rating, provided by State Street Global Advisors®. Based on the Bloomberg U.S. Corporate Bond Index (the "U.S. Corporate Index"), the Index selects securities eligible for the U.S. Corporate Index, then aims to exclude certain issuers based on their ESG characteristics considering both their ESG rating and their involvement in certain controversial business activities as outlined in the Index methodology. Then, the Index weights securities using an optimisation process, in order to seek to maximise the portfolio ESG rating, while controlling for active total risk. The active total risk refers to the variation between the Index and the U.S. Corporate Index. At least 90% of the Fund's assets are invested in securities that are constituents of the Index, while the Index provider applies ESG ratings on all of the Index constituents. It is expected that the resulting portfolio ESG rating will be higher than the portfolio ESG rating of the U.S. Corporate Index after applying a filter eliminating at least 20% of the least well rated securities, by ESG rating, from the U.S. Corporate Index. There may be potential inconsistencies, inaccuracy or lack of availability of the ESG data, particularly when issued by external data providers. There may also be potential inconsistencies with the ESG screening methodology of the Index (criteria, approaches, constraints). Details about the limits are described in the Supplement. 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. 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 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 does not currently engage in securities lending. The Shares of the USD Class are issued in U.S. Dollar. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. 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. 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 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 Oct 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+0.4%
Annualised
+0.1%
Volatility (ann.)
6.4%
Max drawdown
-22.39%
-22%-15%-8%-1%+6%Oct 2020Apr 2022Sept 2023Mar 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+0%Oct 2020Sept 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.
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%-5%-10%-15%-20%-25%-30%202120222023202420252026−22.39% · 21 Oct 2022
Max drawdown
-22.39%
peak → trough
Trough
21 Oct 2022
from the 22 Sept 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,807 days
decline + recovery: peak to break-even · ≈ 4 years and 11 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
22 Sept 202121 Oct 2022-22.39%ongoing1,807
31 Dec 202018 Mar 2021-5.65%02 Aug 2021214
02 Aug 202110 Aug 2021-1.47%14 Sept 202143
05 Nov 202010 Nov 2020-0.91%18 Nov 202013
30 Nov 202009 Dec 2020-0.74%29 Dec 202029

Calendar-year returns

2020
2.9%
2021
-1.4%
2022
-16.0%
2023
8.3%
2024
1.7%
2025
7.8%
2026
-0.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.21.3-2.00.40.80.2-1.70.4-0.2-0.7
20250.52.0-0.3-0.0-0.01.90.11.01.60.40.6-0.27.8
2024-0.2-1.61.3-2.61.90.62.41.51.8-2.51.3-2.01.7
20234.0-3.22.80.8-1.40.40.3-0.8-2.7-1.96.04.38.3
2022-3.5-2.0-2.4-5.51.0-2.83.1-3.0-5.4-1.15.3-0.5-16.0
2021-1.4-1.8-1.71.10.71.71.3-0.3-1.10.20.1-0.1-1.4
20202.70.32.9
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. Tracking difference was positive in 2 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.11% /anno
Declared TER
0.15%
YearFundIndexDifference
2025+7.77%+7.70%+0.07%
2024+1.69%+1.87%-0.18%
2023+8.34%+8.57%-0.23%
2022-16.02%-15.82%-0.20%
2021-1.35%-0.97%-0.38%
2020+2.86%+2.84%+0.02%
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 yearsFull history
Volatility (ann.)6.57%8.08%9.68%9.40%
Max drawdown-4.79%-11.18%-13.37%-13.37%
Sharpe-0.02-0.06-0.20-0.13
Sortino-0.03-0.09-0.28-0.19
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
6.61years

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

Maturity breakdown (% of fund)
< 1 year
0.30%
1–3 years
20.67%
3–5 years
21.71%
5–7 years
9.13%
7–10 years
15.30%
10–20 years
15.03%
> 20 years
17.86%

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
1.36%
Aa
12.71%
A
44.59%
Baa
41.34%

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
1,230
Top-10 weight
4.9%

Top 10 holdings

GLAXOSMITHKLINE CAP INC 6.375 05/15/2038
0.80%
DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030
0.69%
TELEFONICA EMISIONES SAU 7.045 06/20/2036
0.49%
TELEFONICA EMISIONES SAU 5.213 03/08/2047
0.48%
CISCO SYSTEMS INC 4.85 02/26/2029
0.45%
CISCO SYSTEMS INC 5.5 01/15/2040
0.43%
CISCO SYSTEMS INC 5.9 02/15/2039
0.42%
BAXTER INTERNATIONAL INC 2.539 02/01/2032
0.40%
LLOYDS BANKING GROUP PLC 4.344 01/09/2048
0.38%
SANOFI SA 3.625 06/19/2028
0.36%
Download the full portfolio — Excel, 1,230 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:

IE00BLF7VX27SPPU
  • Moneyfarmzero on single buys from 1,000 €, agreement until 12 January 2028
IE00BFY0GV36USCE
  • 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

ExchangeTickerTrading since
Börse DüsseldorfSPPU29 Oct 2020
Börse FrankfurtSPPU26 Oct 2020
Börse HamburgSPPU19 Feb 2021
Börse HannoverSPPU9 Dec 2024
Börse München / gettexSPPU26 Oct 2020
Börse StuttgartSPPU9 Feb 2021
Tradegate ExchangeSPPU12 May 2021
Xetra (Deutsche Börse)SPPU26 Oct 2020
+ 6 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 U.S. Corporate Scored UCITS ETF (Acc) track?
The issuer SPDR declares the benchmark: Bloomberg SASB Scored US Corporate Ex-Controversies Select Index.
How much does SPPU cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.05%.
How is SPPU 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 SPPU?
The fund size declared by SPDR is about 239 million euro.
When was SPPU launched?
The fund was launched on 22 October 2020: it has 5 years of history.
How does SPPU replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Stratified Sampling”).
Does SPPU pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
Where does SPPU trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (SPPU), Börse Frankfurt (SPPU), Börse Hamburg (SPPU), Börse Hannover (SPPU), Börse München / gettex (SPPU), Börse Stuttgart (SPPU).
What was SPPU's worst fall?
Over the available history (since 2020), the maximum drawdown was -22.39%, reached in October 2022. Past performance is not indicative of future results.
How many securities does SPPU hold?
The declared portfolio holds 1,230 securities; the top 10 positions weigh 4.9%.
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.