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Global ETF Survey 2026
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GCVU ETF · State Street SPDR FTSE Global Convertible Bond UCITS ETF
The GCVU Exchange Traded Fund (ETF) is provided by State Street Investment Management. It is built to track an index: FTSE Qualified Global Convertible Index. The GCVU ETF provides physical exposure, so by buying it you actually own parts of all the 327 underlying holdings. The dividend policy is capitalization.
Share class
Acc
USD
Hedged
Last update 7/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofConvertible Bonds1M perf.-2.15%
Last price
$10.07
1M perf.
N/A
1M flows
N/A
AuM
€22M
TER
0.55%
Rating
Not rated
GCVU
$10.07
Performance & flows
Segment for quartile rank
June 30, 2026 → July 3, 2026
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GCVU
$10.03
-0.54%
Convertible Bonds
-0.20%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | N/A | N/A | N/A | N/A | N/A | -0.54% | -0.54% | +0.41%  | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
ISIN
IE000W566ZX2
AuM
€22M
TER
0.55%
Replication rating
Not rated
More details
NAV
7/3/2026
$10.03
1D NAV change
+0.33%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
327
Inception date
6/9/2026
Jurisdiction
Ireland
Distribution
Denmark
Austria
Sweden
United Kingdom
Finland
Legal structure
Open-end Investment Company
Base currency
USD
Classification
Product type
Asset class
Factors
N/A
Share class info
USD capitalizing 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
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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:
Not rated
1-year trailing difference
As of June 30, 2026
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GCVU
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 GCVU
What does State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVU, invest in?
GCVU is a Passive ETF. This ETF provides exposure to Global Investment Grade Corporate Bonds.
Which benchmark or index does GCVU replicate?
GCVU tracks the FTSE Qualified Global Convertible Monthly Hedged (USD) Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of GCVU?
GCVU carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was GCVU launched?
GCVU was introduced to the market on June 9, 2026. It trades on Denmark, among other exchanges
Who is the ETF issuer of GCVU?
State Street SPDR FTSE Global Convertible Bond UCITS ETF, GCVU, is provided by State Street Investment Management. Learn more about State Street Investment Management here.
Does GCVU have multiple share classes?
Yes, GCVU 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 GCVU?
GCVU oversees €22M in assets as of July 3, 2026.
Does GCVU distribute dividends?
GCVU follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of GCVU?
As of May 31, 2026, GCVU has significant geographic allocations in USA, Japan and China.
In which sector or theme does GCVU invest in?
As of May 31, 2026, GCVU focuses largely on It services and computer programming, It equipment and Communication services.
How many securities does GCVU hold and how diversified is it?
As of May 31, 2026, GCVU holds 327 positions in its portfolio, with 20.53% of assets concentrated in its top 15 holdings.
What are the main positions in GCVU?
As of May 31, 2026, GCVU top three holdings include Western Digital, 3% 15nov2028, USD (Conv.), EchoStar, 3.875% 30nov2030, USD (Conv.) and US01609WBG69.
What is the base currency of GCVU?
The base currency of GCVU is USD.
Is GCVU currency-hedged?
GCVU 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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