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Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
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State Street Global Screened Enhanced Equity Fund - UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: LU3121015641Ticker: SGBEIssuer: SPDR
Issuer-declared data
Declared index
MSCI World Index
TER
0.45%
Transaction costs
0.06% (issuer estimate, from the KID)
Management
Active management (from the KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
244.1 mln EUR
NAV
11.77 USD (30 August 2026)
Domicile
Luxembourg
Inception date
24 November 2025
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 Global Screened Enhanced Equity Fund - UCITS ETF is an actively managed ETF: it does not track an index — the declared index (MSCI World Index) is a comparison yardstick only. The declared annual cost (TER) is 0.45%, plus 0.06% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 244 million euro, was launched on 24 November 2025 and is domiciled in Luxembourg. In our registry 3 other ETFs declare the same index.

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

Investment objective The objective of the Fund is to provide a return in excess of the performance of global developed equity markets. Investment policies The investment policy of the Fund is to outperform the MSCI World Index (or any other index determined by the Directors from time to time to represent substantially the same market as the Index) over the medium and long term. The Investment Manager applies a negative and norms-based screen to the Fund to screen out securities based on an assessment of their adherence to ESG criteria including securities of companies identified as being non-compliant with UNGC Principles (relating to environmental protection, human rights, labour standards, anticorruption) and securities of companies associated with Severe ESG Controversies, controversial weapons, civilian firearms, tobacco, thermal coal, arctic oil & gas exploration, and oil sands extraction. By applying the relevant negative and norms-based screen, the Investment Manager deems the Fund's sustainable investments not to cause significant harm to any environmental or social sustainable investment objective. 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 Investment Manager, on behalf of the Fund, will invest actively with limited risk parameters relative to the Index, using the Quantitative Equity Strategy as further described in the "Investment Strategies" section of the Prospectus and also employs a negative and norms-based ESG screen prior to the construction of the portfolio of the Fund and on an ongoing basis, as further described in the "ESG Screening" subsection of the "ESG Investing" section of the Prospectus. The securities in the portfolio are selected primarily from the securities in the index. The Fund may invest in or gain exposure to securities registered in or trading in markets other than those included in the index. The investment strategy uses defined risk parameters that mean the fund's weighting to countries, sectors and securities relative to the respective index will be limited. This is likely to limit the extent to which the Fund can outperform the MSCI World Index. In order to achieve its investment objective, this Fund will only invest in: Q Liquid assets; and Q Derivatives for efficient portfolio management and investment purposes, limited to swaps, options, futures and forward foreign exchange contracts. The Fund may lend up to 40% of the securities it owns. The Shares of the USD Class are issued in U.S. Dollar. The Fund may not be appropriate for investors who plan to withdraw their money within five years. Shareholders may redeem shares on any Luxembourg and 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. 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. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. Index Source: The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with State Street Investment Management and any related funds, as well as additional disclaimers that apply to the MSCI indexes. The MSCI indexes are the exclusive property of MSCI and may not be reproduced or extracted and used for any other purpose without MSCI's consent. The MSCI indexes are provided without any warranties of any kind. 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 5 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 Bank International GmbH, Luxembourg Branch.

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 0.45%: above the median of equity ETFs we track (0.22%).
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 Nov 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+18.8%
Annualised
+25.0%
Volatility (ann.)
12.3%
Max drawdown
-8.82%
-6%+1%+9%+16%+23%Nov 2025Feb 2026Apr 2026Jul 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%)+19%Nov 2025Sept 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%-2%-4%-6%-8%-10%20252026−8.82% · 30 Mar 2026
Max drawdown
-8.82%
peak → trough
Trough
30 Mar 2026
from the 25 Feb 2026 peak
Recovery time
15 days
recovery only: trough to break-even
Underwater
48 days
decline + recovery: peak to break-even · → recovered on 14 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Feb 202630 Mar 2026-8.82%14 Apr 202648
02 Jun 202610 Jun 2026-4.07%15 Jul 202643
15 Jul 202629 Jul 2026-2.34%03 Aug 202619
27 Jan 202605 Feb 2026-2.07%09 Feb 202613
11 Dec 202517 Dec 2025-2.07%22 Dec 202511

Calendar-year returns

2025
2.5%
2026
15.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.31.3-8.412.34.8-0.81.32.51.015.9
20251.12.5
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.
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.

Risk indicators· EUR

Full history
Volatility (ann.)11.73%
Max drawdown-6.44%
Sharpe1.80
Sortino2.76
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: 2.22%), 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.

Portfolio holdings

Securities in portfolio
505
Top-10 weight
26.6%

Top 10 holdings

NVIDIA Corporation
5.52%
Apple Inc.
5.13%
Microsoft Corporation
3.76%
Amazon.com Inc.
2.83%
Alphabet Inc. Class A
2.19%
Broadcom Inc.
1.91%
Alphabet Inc. Class C
1.73%
Meta Platforms Inc Class A
1.30%
Micron Technology Inc.
1.18%
Tesla Inc.
1.00%

Sectors

Information Technology
30.1%
Financials
16.4%
Industrials
11.2%
Health Care
9.5%
Consumer Discretionary
8.5%
Communication Services
8.1%
Consumer Staples
4.9%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.6%Austria: 0.1%AzerbaijanBurundiBelgium: 0.3%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 3.4%Switzerland: 2.1%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 2.2%DjiboutiDenmark: 0.4%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1%EstoniaEthiopiaFinland: 0.3%FijiFalkland IslandsFrance: 2.3%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.1%IranIraqIcelandIsrael: 0.4%Italy: 0.9%JamaicaJordanJapan: 5.9%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.4%Norway: 0.2%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.2%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.7%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 72.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States72.1%
Japan5.9%
Canada3.4%
United Kingdom3.4%
France2.3%
Germany2.2%
Switzerland2.1%
Download the full portfolio — Excel, 505 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 →

ETFs declaring the same index

FundTERIncomeFund size
SWRD · SPDR
0.12%Acc.19.2 mld EUR
IWDE · iShares
0.55%Acc.5.4 mld EUR
SWWD · SPDRnot on Borsa Italiana
0.12%Dist.19.2 mld EUR
4 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

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:

LU3121015641
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 2,000 €, agreement until 31 May 2027
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
Borsa Italiana (ETFplus)SGBE27 Nov 2025
+ 4 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 Global Screened Enhanced Equity Fund - UCITS ETF track?
The issuer SPDR declares the benchmark: MSCI World Index.
How much does SGBE cost?
The issuer-declared TER is 0.45% per year; the transaction costs estimated in the KID are 0.06%.
How is SGBE 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 SGBE?
The fund size declared by SPDR is about 244 million euro.
When was SGBE launched?
The fund was launched on 24 November 2025: it has been trading for 284 days: the page fills up as the issuer publishes data.
Is SGBE actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index. The declared benchmark (MSCI World Index) is a yardstick for comparison, not an index being tracked.
Does SGBE pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
What was SGBE's worst fall?
Over the available history (since 2025), the maximum drawdown was -8.82%, reached in March 2026. Past performance is not indicative of future results.
How many securities does SGBE hold?
The declared portfolio holds 505 securities; the top 10 positions weigh 26.6%.
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.