The State Street SPDR S&P 500 UCITS ETF (Acc) (SPYL) is an Ireland-domiciled equity ETF managed by State Street Global Advisors. Its primary listing is on Deutsche Börse in euros, and the fund is also traded across other exchanges and currencies.

The fund seeks to track the performance of the S&P 500, a benchmark composed of 500 leading large-cap companies in the U.S. equity market.

SPYL provides exposure to large-cap U.S. equities. The ETF follows a passive investment strategy and uses physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The S&P 500 is weighted by float-adjusted market capitalization and represents approximately 80% of available U.S. equity market capitalization. Its composition is periodically reviewed by S&P Dow Jones Indices.

Composition / Exposure Profile

SPYL holds companies across a broad range of sectors in the U.S. economy, including:

• Information technology.

• Financials.

• Communication services.

• Consumer discretionary.

• Health care.

• Industrials.

• Consumer staples.

• Energy.

• Utilities.

• Real estate.

• Materials.

By tracking the S&P 500, the fund focuses its exposure on large U.S. companies. Because the benchmark is weighted by float-adjusted market capitalization, larger companies account for greater portions of the portfolio.

While the companies included in the index are U.S.-based, many operate and generate revenue internationally, providing indirect exposure to markets around the world.

Structure and Costs

SPYL's primary listing is on Deutsche Börse, where it trades in euros. The same ticker is also used on Euronext Amsterdam in euros and on the London Stock Exchange and SIX Swiss Exchange in U.S. dollars. Both the fund's base currency and share class currency are the U.S. dollar.

The ETF has a total expense ratio (TER) of 0.03% per year and uses physical replication. It is domiciled in Ireland, operates under the UCITS framework, and is part of SSGA SPDR ETFs Europe I plc.

SPYL is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The State Street SPDR S&P 500 UCITS ETF (Acc) (SPYL) was launched in 2023 by State Street Global Advisors to provide exposure to leading large-cap companies in the U.S. equity market.

Since its launch, the fund has maintained a passive strategy linked to the S&P 500, using physical replication to track the performance of its benchmark.

Throughout its history, the fund's performance has reflected different cycles in the U.S. equity market, as well as changes in the relative weight of individual companies and sectors within the S&P 500.

Additional Information

State Street SPDR S&P 500 UCITS ETF (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $9.15 billion.

Over the past 12 months, State Street SPDR S&P 500 UCITS ETF (Acc) recorded a return of 16.36%, with its price trading between $15.79 and $19.42 during the same period.

The ETF is traded under the ticker SPYL.