"SPDR Bloomberg Barclays Global Aggregate Bond GBP Hdg UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the Bloomberg Barclays Global Aggregate Bond GBP Hedged Index. This index reflects the development of bonds . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (interest payments) are distributed to the investors. The fund company SPDR claims a total expense ratio (TER) of 0.10% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.20% per year. Therefore, the ETF was more expensive than the TER suggests.