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SSGA SPDR Barclays 1-5 year Gilt UCITS ETF - New rating
SSGA SPDR Barclays 1-5 year Gilt UCITS ETF is a low-cost passive option for those looking for exposure to UK government debt with a lower duration than the standard index. As the name implies, the ETF tracks an index of UK government bonds with maturities from one year to five years, with effective duration of 2.9 years and a yield of 0.9%. Costs are very competitive; we estimate internal costs of 0.16% per annum (reported TER is 0.15%) whilst external costs, as measured by bid-offer spread, are approximately 0.12%.
The ETF uses effectively full physical replication – we also particularly approve of the fact that the ETF does not engage in any securities lending, unlike some of its peers, which further reduces the potential for counter-party risk. Overall, we believe this is a good option for investors seeking simple, low-cost and transparent exposure to UK government debt with a reduced duration exposure.
SSGA SPDR Barclays 1-5 year Gilt UCITS ETF has been rated three stars and will now feature on our top-rated funds – our research team’s premier selection.
Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. Any yields quoted cannot be considered reliable indicators of future income.