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GCVG ETF · State Street SPDR FTSE Global Convertible Bond UCITS ETF
The GCVG Exchange Traded Fund (ETF) is provided by State Street Investment Management. It is built to track an index: FTSE Qualified Global Convertible Index. The GCVG ETF provides physical exposure, so by buying it you actually own parts of all the 327 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
GBP
Hedged
Last update 7/3/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofConvertible Bonds1M perf.-2.15%
Last price
£44.52
1M perf.
-2.25%
1M flows
+€186K
AuM
€36M
TER
0.55%
Rating
GCVG
£44.52
Performance & flows
Segment for quartile rank
April 7, 2026 → July 3, 2026
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GCVG
£44.46
+9.41%
Convertible Bonds
+5.57%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.25%  | +9.41%  | +30.82% | +61.87% | N/A | -0.55% | -0.55% | +15.88% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/3/2026
£44.46
1D NAV change
+0.33%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
327
Inception date
1/31/2022
Jurisdiction
Ireland
Distribution
Finland
Italy
Luxembourg
Netherlands
Spain
Legal structure
Open-end Investment Company
Base currency
GBP
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
GBP distributing hedged
Total AuM of fund
€2.81B
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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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +9.41% | +30.82% | +61.87% | N/A |
| 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
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
29.45%
Japan
5.40%
China
5.26%
France
2.30%
Germany
1.99%
Italy
1.91%
Spain
1.49%
Taiwan
1.29%
Unavailable
46.33%
Other
4.57%
Sectors
It services and computer programming
7.89%
It equipment
6.03%
Communication services
3.65%
Semiconductors
3.03%
Power
3.01%
Telecommunication equipment
2.86%
Pharmaceutical preparation and biotechnology
2.09%
Insurance and reinsurance
1.66%
Unavailable
46.33%
Other
23.45%
Diversification
Total weight of top 15 holdings out of 327
Top 15 holdings
Data as of May 31, 2026
Western Digital, 3% 15nov2028, USD (Conv.)
EchoStar, 3.875% 30nov2030, USD (Conv.)
US01609WBG69
Lumentum Holdings, 0.5% 15jun2028, USD (Conv.)
Ping An Insurance, 0.875% 22jul2029, USD (Conv.)
Zijin Mining Group, 1% 25jun2029, USD (Conv.)
US55306NAB01
USG01719AP11
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XS3236970433
Resonac Holdings, 0% 29dec2028, JPY (Conv.)
IBIDEN, 0% 14mar2031, JPY (Conv.)
US038169AB46
PG&E, 4.25% 1dec2027, USD (Conv.)
XS3328693703
Uber Technologies, 0.875% 1dec2028, USD (Conv.)
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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GCVG
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
State Street Investment Management
State Street Investment Management ID Card
Number of funds
379
Total AuM
€1.97T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2575%
Top 5 funds by State Street Investment Management
| AuM | ||
|---|---|---|
SPY | State Street SPDR S&P 500 ETF Trust | €684.16B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €135.96B |
GLD | State Street SPDR Gold Shares ETF | €116.24B |
XLK | State Street Technology Select Sector SPDR ETF | €102.78B |
XLF | State Street Financial Select Sector SPDR ETF | €46.76B |
Frequently asked questions about GCVG
What does State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVG, invest in?
GCVG is a Passive ETF. This ETF provides exposure to Global Investment Grade Corporate Bonds.
Which benchmark or index does GCVG replicate?
GCVG tracks the FTSE Qualified Global Convertible Monthly Hedged (GBP) Index - GBP, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of GCVG?
GCVG carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was GCVG launched?
GCVG was introduced to the market on January 31, 2022. It trades on Finland, among other exchanges
Who is the ETF issuer of GCVG?
State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVG, is provided by State Street Investment Management. Learn more about State Street Investment Management here.
Does GCVG have multiple share classes?
Yes, GCVG 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 GCVG?
GCVG oversees €36M in assets as of July 3, 2026.
How has GCVG performed lately?
Based on data from July 3, 2026, GCVG returned -2.25% over the past month, 9.41% over the last three months and 15.88% year-to-date.
What are the latest inflows or outflows for GCVG?
As of July 3, 2026, GCVG recorded net flows of +€191K over the last month and +€7.8M year-to-date.
Does GCVG distribute dividends?
GCVG follows a distributing dividend policy, meaning it pays out income to investors. As of July 3, 2026, its 12-month trailing yield was 0.53%.
What are the main country or region exposures of GCVG?
As of May 31, 2026, GCVG has significant geographic allocations in USA, Japan and China.
In which sector or theme does GCVG invest in?
As of May 31, 2026, GCVG focuses largely on It services and computer programming, It equipment and Communication services.
How many securities does GCVG hold and how diversified is it?
As of May 31, 2026, GCVG holds 327 positions in its portfolio, with 20.53% of assets concentrated in its top 15 holdings.
What are the main positions in GCVG?
As of May 31, 2026, GCVG top three holdings include Western Digital, 3% 15nov2028, USD (Conv.), EchoStar, 3.875% 30nov2030, USD (Conv.) and US01609WBG69.
What is the base currency of GCVG?
The base currency of GCVG is GBP.
Is GCVG currency-hedged?
GCVG is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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