State Street® SPDR® Commodity GBP Hdg UCITS ETF (Acc)

What this fund is

State Street® SPDR® Commodity GBP Hdg UCITS ETF (Acc) is an exchange-traded fund (ETF) from SPDR, traded under the ticker COMB (ISIN IE000M8NCUC9). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. Its largest holdings include US DOLLAR, STATE STREET USD LIQUIDITY LVN STATE ST USD LIQ LNAV Z ACC and TREASURY BILL 10/26 0.00000.

It holds around 58 positions (the ten largest ≈ 48.9%), spreading risk so no single holding decides your outcome. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.17% a year — about €17 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. It launched in 2026. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)