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GCVB ETF · State Street SPDR FTSE Global Convertible Bond UCITS ETF
The GCVB Exchange Traded Fund (ETF) is provided by SPDR. It is built to track an index: FTSE Qualified Global Convertible Index. The GCVB ETF provides physical exposure, so by buying it you actually own parts of all the 334 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
USD
Last update Today at 8:00 AM UTC
LIVE
CLOSED
This fund is part ofConvertible Bonds1M perf.-2.53%
Last price
$63.94
1M perf.
-1.47%
1M flows
+€35M
AuM
€854M
E/R
0.5%
Rating
ESG Consensus®
GCVB
$63.94
Performance & flows
Segment for quartile rank
December 17, 2025 → March 17, 2026
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GCVB
$63.78
+7.52%
Convertible Bonds
+3.33%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.47%  | +7.52%  | +26.02% | +56.90% | +21.57% | -2.68% | +5.80% | +5.80% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/17/2026
$63.70
1D NAV change
+0.91%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
334
Inception date
10/14/2014
Jurisdiction
Ireland
Distribution
Spain
Germany
France
Norway
Luxembourg
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Share class info
USD distributing
Total AuM of fund
€2.29B
Decimalisation of shares
No
Investment strategy
The objective of the Fund is to track the performance of the global convertible bond market. The Fund seeks to track the performance of the FTSE Qualified Global Convertible Index (the "Index") as closely as possible.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
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Enterprise
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +7.52% | +26.02% | +56.90% | +21.57% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
57.65%
China
6.96%
Germany
4.47%
Japan
4.32%
Republic of Korea
4.30%
France
2.96%
Spain
1.95%
Italy
1.84%
Unavailable
9.62%
Other
5.93%
Sectors
It services and computer programming
9.59%
Semiconductors
6.40%
It equipment
6.27%
Power
3.93%
Communication services
3.74%
Pharmaceutical preparation and biotechnology
3.51%
Telecommunication equipment
3.30%
Motor vehicle production
2.52%
Unavailable
31.60%
Other
29.14%
Diversification
Total weight of top 15 holdings out of 334
Top 15 holdings
Data as of January 31, 2026
SK Hynix, 1.75% 11apr2030, USD (Conv.)
Western Digital, 3% 15nov2028, USD (Conv.)
US01609WBG69
EchoStar, 3.875% 30nov2030, USD (Conv.)
Ping An Insurance, 0.875% 22jul2029, USD (Conv.)
Seagate HDD Cayman, 3.5% 1jun2028, USD (Conv.)
Zijin Mining Group, 1% 25jun2029, USD (Conv.)
Lumentum Holdings, 1.5% 15dec2029, USD (Conv.)
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USG01719AP11
Lumentum Holdings, 0.5% 15jun2028, USD (Conv.)
US594972AS04
Ford Motor, 0% 15mar2026, USD (Conv.)
US55306NAB01
XS3165356158
PG&E, 4.25% 1dec2027, USD (Conv.)
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about GCVB ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
GCVB’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
64.38% of holdings have positive scoring
37.19% of holdings have negative scoring
12.77%
39.60%
12.02%
5.80%
23.31%
8.08%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
FTSE Qualified Global Convertible Total Return Index - USD
Index ticker
UCBITRUS Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
SPDR
SPDR ID Card
Number of funds
373
Total AuM
€1.76T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2577%
Top 5 funds by SPDR
| AuM | ||
|---|---|---|
SPY | SPDR S&P 500 ETF Trust | €583.47B |
GLD | SPDR Gold Shares ETF | €148.97B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €98.45B |
XLK | State Street Technology Select Sector SPDR ETF | €76.92B |
XLF | State Street Financial Select Sector SPDR ETF | €40.83B |
Frequently asked questions about GCVB
What does State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVB, invest in?
GCVB is a Passive ETF. This ETF provides exposure to Global Investment Grade Corporate Bonds.
Which benchmark or index does GCVB replicate?
GCVB tracks the FTSE Qualified Global Convertible Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of GCVB?
GCVB carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.
When was GCVB launched?
GCVB was introduced to the market on October 14, 2014. It trades on Spain, among other exchanges
Who is the ETF issuer of GCVB?
State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVB, is provided by SPDR. Learn more about SPDR here.
Does GCVB have multiple share classes?
Yes, GCVB is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of GCVB?
GCVB oversees €854M in assets as of March 17, 2026.
How has GCVB performed lately?
Based on data from March 17, 2026, GCVB returned -1.47% over the past month, 7.52% over the last three months and 5.80% year-to-date.
What are the latest inflows or outflows for GCVB?
As of March 17, 2026, GCVB recorded net flows of +€35M over the last month and +€79M year-to-date.
Does GCVB distribute dividends?
GCVB follows a distributing dividend policy, meaning it pays out income to investors. As of March 17, 2026, its 12-month trailing yield was 0.64%.
What are the main country or region exposures of GCVB?
As of January 31, 2026, GCVB has significant geographic allocations in USA, China and Germany.
In which sector or theme does GCVB invest in?
As of January 31, 2026, GCVB focuses largely on It services and computer programming, Semiconductors and It equipment.
How many securities does GCVB hold and how diversified is it?
As of January 31, 2026, GCVB holds 334 positions in its portfolio, with 23.23% of assets concentrated in its top 15 holdings.
What are the main positions in GCVB?
As of January 31, 2026, GCVB top three holdings include SK Hynix, 1.75% 11apr2030, USD (Conv.), Western Digital, 3% 15nov2028, USD (Conv.) and US01609WBG69.
What is the base currency of GCVB?
The base currency of GCVB is USD.
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