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GIN
+0.83 · +3.02%
£28.13 · LSE
SPDR Morningstar Multi-Asset Global Infrastructure UCITS | USD Moderate Allocation
State Street Global Advisors Europe Limited · Ireland
AUM:£1.4B
#– of – in USD Moderate Allocation ETFs
ℹ️
Reward Rating
66
Good
19.91% 1Y return
ℹ️
Risk Rating
43
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 19.9% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.40% — moderate cost. Consider how fees compound over long holding periods.

What is GIN?

SPDR Morningstar Multi-Asset Global Infrastructure UCITS tracks Morningstar EAA USD Mod Tgt Alloc NR USD, providing diversified exposure across 48 holdings. Its ongoing charge is 0.40%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
GIN delivered 19.9% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Ongoing charge of 0.40%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 11.1% of the ETF — exposure spread across many positions.

Openbook Analysis

Performance: Good (66)

The scoring profile reflects moderate historical performance, with a 19.9% 1-year return (historical). The ongoing charge of 0.40% should be considered against long-term return expectations. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£1.4B
Ongoing Charge0.40%
Dividend Yield4.24%
Holdings48
Inception DateApr 2015
DomicileIreland
DistributionHalf-yearly
IndexMorningstar EAA USD Mod Tgt Alloc NR USD
ProviderState Street Global Advisors Europe Limited
Beta–
CategoryUSD Moderate Allocation
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+0.4%
1Y
+9.5%
3Y
+10.9%
5Y
+5.0%
OpenBook InsightIf you had invested £10,000 in GIN 5 years ago, it would have grown to £10,496 — a gain of £496.

Annual Returns

Calendar year performance

GIN delivered positive returns in 3 of the last 5 calendar years.
YearGIN
2026 YTD+3.4%
2025+2.1%
2024+1.6%
2023-1.5%
2022-5.4%
CAGR 4yr-0.9%
3/5 positive yearsAvg return: +0.0%Worst year: -5.4% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
7.3%
Low
Momentum
-0.1%
30-day change
Support Level
28.22
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses GIN's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
66
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
58/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
19.91%
Good
3Y Return
11.14%
Good
5Y Return
4.87%
Neutral
10Y Return
6.32%
Neutral
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 19.91%, 3-year annualised 11.14%, 5-year annualised 4.87%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
80/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.40%
Weak
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.40%, net expense ratio of 0.00%, annual turnover of 0.0%.

💵 Income

Weight: 15%
80/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
4.24%
Good
Distribution Frequency
Half-yearly
No Data

Attractive income profile: distribution yield of 4.24%, half-yearly distributions.

🌐 Diversification Quality

Weight: 25%
51/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
48
Very Weak
Top 10 Concentration
11.14%
Very Good
Top Sector
Utilities41.5%
Very Weak
Top Region
North America60.9%
Neutral

Concentrated but typical for its category: 48 holdings, top 10 at 11.1%, Utilities sector at 41.5%, North America at 60.9%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses GIN using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
43
Moderate RISK
Data Coverage: 83%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
28/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
11.14%
Low Risk
Largest Holding
1.86%
Lower Risk
Number of Holdings
48
Elevated
HHI (weight²)
13
Low Risk

Broadly diversified across holdings: top 10 holdings at 11.1%, largest single position at 1.86%, 48 total holdings.

🌍 Market Exposure

Weight: 25%
72/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
North America60.9%
Moderate
Top Sector
Utilities41.5%
High Risk
Top 2 Sectors
79.50%
High Risk
Cyclical Sectors
52.34%
Elevated

High market-exposure risk — returns closely track a narrow slice of the market: North America at 60.9%, Utilities sector at 41.5%, 52.3% in cyclical sectors.

📊 Volatility

Weight: 35%
20/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
5.23%
Low Risk
Beta
—
No Data
Max Drawdown
—
No Data

Below-average volatility: 1Y volatility of 5.23% (historical).

💵 Income Reliability

Weight: 15%
72/100

How dependable is the fund's distribution yield? Heavy cyclical-sector exposure or unusually high yields can flag vulnerability to dividend cuts in a downturn.

Current Yield
4.24%
Moderate
Cyclical Sector Exposure
52.34%
Elevated
Top-Sector Dependency
Utilities41.5%
High Risk

Distributions appear cyclically sensitive — yield may be vulnerable to cuts in a downturn: yield of 4.24%, 52.3% in cyclical sectors (financials, energy, materials, industrials, real estate), Utilities sector at 41.5%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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