The State Street SPDR Dow Jones Global Real Estate UCITS ETF (GLRA) is an Ireland-domiciled equity ETF managed by State Street Global Advisors. GLRA is the ticker for the fund's USD accumulating share class on the London Stock Exchange.

The fund seeks to track the Dow Jones Global Select Real Estate Securities Index, a benchmark comprising publicly traded equity real estate investment trusts (REITs) and real estate operating companies (REOCs) across global markets.

The benchmark is designed to represent the global listed real estate market and serve as a proxy for direct real estate investment through publicly traded securities. Its methodology applies eligibility criteria intended to focus on companies whose businesses and performance are closely tied to the ownership and operation of real estate assets.

Composition / Exposure Profile

GLRA's portfolio is concentrated in the global real estate sector and covers different property segments, including:

• Residential properties.

• Industrial and logistics properties.

• Retail and commercial properties.

• Office properties.

• Data centers.

• Self-storage.

• Hotels and lodging.

• Specialized properties.

Geographic exposure is global and includes companies across different developed markets. The United States represents a significant portion of the investment universe, while markets across Asia-Pacific, Europe, and other regions are also represented.

Although GLRA provides diversification across different companies, countries, and property segments, its portfolio remains concentrated in a single sector. Real estate companies and REITs can be particularly sensitive to changes in interest rates and financing conditions. 

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the accumulating share class trades in USD under GLRA. The same share class also has trading lines in other currencies and on other European exchanges.

The ETF has a total expense ratio (TER) of 0.40% 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.

GLRA follows an accumulating income policy. Dividends and other income received from portfolio holdings are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The accumulating share class of the State Street SPDR Dow Jones Global Real Estate UCITS ETF (GLRA) was launched in 2019 to provide exposure to the global listed real estate market through REITs and real estate operating companies.

Since its launch, the share class has maintained a passive strategy linked to the Dow Jones Global Select Real Estate Securities Index, tracking publicly traded real estate companies across different developed markets.

Throughout its history, GLRA's performance has reflected cycles in the listed real estate market, including changes in interest rates, financing conditions, economic activity, property valuations, and supply-and-demand trends across different property segments.

Additional Information

State Street SPDR Dow Jones Global Real Estate UCITS ETF Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $45.41 million.

Over the past 12 months, State Street SPDR Dow Jones Global Real Estate UCITS ETF Acc recorded a return of 5.32%, with its price trading between $20.18 and $24.34 during the same period.

The ETF is traded under the ticker GLRA.