The State Street SPDR FTSE UK All Share UCITS ETF (FTAL) is an Ireland-domiciled equity ETF managed by State Street Global Advisors and listed on the London Stock Exchange.

The fund seeks to track the FTSE All-Share Index, a broad benchmark covering large-, mid-, and small-cap companies in the U.K. equity market. FTAL follows a passive investment strategy and uses physical replication. Its portfolio is structured to closely track the composition and performance of its benchmark.

The FTSE All-Share Index combines the universes of the FTSE 100, FTSE 250, and FTSE Small Cap indexes, covering eligible companies listed on the London Stock Exchange's main market. The benchmark is market-cap weighted and represents approximately 98% of the U.K. equity market's capitalization.

Composition / Exposure Profile

FTAL holds companies across different areas of the economy, including:

• Financials.

• Industrials.

• Consumer staples.

• Health care.

• Energy.

• Materials.

• Consumer discretionary.

• Technology.

• Communication services.

• Utilities.

• Real estate.

The portfolio is concentrated in the U.K. equity market and includes companies across different market-cap segments. Because the benchmark is weighted by market capitalization, larger companies have a greater influence on its performance.

Although the fund's investment universe is tied to the U.K. market, many of the large companies represented in the index have significant international operations and revenue. As a result, performance can also be influenced by global economic conditions, currency movements, commodity prices, and developments in overseas markets.

Structure and Costs

FTAL has the British pound as its share class currency and trades in GBP on the London Stock Exchange. The same share class also has trading lines on other exchanges and in other currencies.

The ETF has a total expense ratio (TER) of 0.20% per year, uses physical replication, and is domiciled in Ireland. It operates as part of SSGA SPDR ETFs Europe I plc under the UCITS framework.

FTAL follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The State Street SPDR FTSE UK All Share UCITS ETF (Acc) was launched in 2012 to provide broad exposure to the U.K. equity market through a passive investment strategy.

Since its launch, the fund has maintained a strategy linked to the FTSE All-Share Index, covering large-, mid-, and small-cap companies and providing broader representation of the U.K. market than benchmarks focused solely on its largest companies.

Throughout its history, FTAL's performance has reflected factors including economic conditions in the U.K. and abroad, U.K. monetary policy, corporate earnings, currency movements, and changes in commodity prices.

Additional Information

State Street SPDR FTSE UK All Share UCITS ETF Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $398.52 million.

Over the past 12 months, State Street SPDR FTSE UK All Share UCITS ETF Acc recorded a return of 11.38%, with its price trading between $105.02 and $160.72 during the same period.

The ETF is traded under the ticker FTAL.