ETF · SPDR
GCVG State Street SPDR FTSE Global Convertible Bond UCITS ETF
ISIN IE00BDT6FT30London Stock Exchange: GCVGState Street Corp.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£41.96
on
- Ongoing charge
- 0.66% a year
- Fund size
- £34.4m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, GCVG (State Street SPDR FTSE Global Convertible Bond UCITS ETF, ISIN IE00BDT6FT30) closed at £41.96 on the London Stock Exchange. Its ongoing charge is 0.66% a year (about £66 on £10,000). Over the three years to 13/11/2026 its price changed by +54.6% (income paid out is not included), or +39.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +8.8%
- +4.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +54.6%
- +39.6% after inflation (UK CPIH)
Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of State Street SPDR FTSE Global Convertible Bond UCITS ETF in pounds (price only, income paid out not included): 2023 +13.5%, 2024 +9.3%, 2025 +22.7%; 2026 to 13/11/2026 +7.5%. Returns of State Street SPDR FTSE Global Convertible Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.2%; to 30/09/2025: +21.5%; to 30/09/2024: +13.0%; to 30/09/2023: +8.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +7.5% | +4.1% | |
| to | +22.7% | +18.5% | |
| to | +9.3% | +5.6% | |
| +13.5% | +8.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +15.2% | +11.1% |
| from | +21.5% | +16.8% |
| from | +13.0% | +10.1% |
| from | +8.9% | +2.3% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
8.5%over 3 years
| 1 year | 10.5% |
|---|---|
| 3 years | 8.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since February 2022
- −16.8%
- From to
- Lowest 12-month return
- −10.1%
- 12 months to
- Highest 12-month return
- +36.4%
- 12 months to
- Below its highest weekly close since February 2022
- 8.4%
- High of , latest
In words: Volatility of State Street SPDR FTSE Global Convertible Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 10.5% over 1 year, 8.5% over 3 years. Largest fall in the price of State Street SPDR FTSE Global Convertible Bond UCITS ETF since February 2022, in pounds: −16.8% from 11/02/2022 to 14/10/2022. The lowest 12-month return of State Street SPDR FTSE Global Convertible Bond UCITS ETF in pounds (price only, income paid out not included) since February 2022 was −10.1% (12 months to 10/02/2023); the highest was +36.4% (12 months to 19/06/2026). On 13/11/2026 the price of State Street SPDR FTSE Global Convertible Bond UCITS ETF was 8.4% below its highest weekly close since February 2022 (19/06/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.66%
- a year
- On £10,000
- £66
- a year, roughly
- Over five years
- £326
- of £10,000, before growth
- 409 charge less
- 0 the same
- 18 charge more
Ongoing charge of State Street SPDR FTSE Global Convertible Bond UCITS ETF 0.66% a year. Compared on 14/11/2026, 18 of the 427 other corporate and other bond funds charge more, 0 the same and 409 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
State Street SPDR FTSE Global Convertible Bond UCITS ETF is an exchange-traded fund (ETF) from SPDR, launched in 2022.
It tracks the FTSE Qualified Global Convertible Index - GBP - Benchmark TR Gross Hedged.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.66% a year — about £66 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- GCVG
- ISIN
- IE00BDT6FT30
- Provider
- SPDR
- Tracks
- FTSE Qualified Global Convertible Index - GBP - Benchmark TR Gross Hedged
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.66% a year · about £66 on £10,000
- Fund size
- £34.4m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Income and distributions
As of , the latest distribution of GCVG was £0.1113 per share: it went ex-dividend on and was paid on . In the 12 months to GCVG declared 2 distributions, together £0.2368 per share.
- Latest distribution
- £0.1113
- per share, ex-dividend
- 12 months to
- £0.2368
- per share, from 2 distributions
| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| £0.1113 | ||
| £0.1255 | ||
| £0.1106 | ||
| £0.1167 | ||
| £0.0434 | ||
| £0.0357 | ||
| £0.0449 |
Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager.
As of
Price chart
Over the last year, the closing price went from £38.05 on 14/11/2025 to £41.96 on 13/11/2026 (+10.3%). The lowest close shown was £37.67 on 21/11/2025 and the highest £45.83 on 19/06/2026.
One close a week. Before 30/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
250 weekly closes, from 04/02/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 388
- 396 reported in all
- Ten largest
- 11.3%
- of the whole fund
- Effective number of holdings
- 233
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.0%
- Alibaba Group Holding 0.5 06/01/2031
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Alibaba Group Holding 0.5 06/01/2031Cayman Islands | 1.99% |
| 2 | Echostar Corp 3.875 11/30/2030United States | 1.74% |
| 3 | Ping An Insurance Group 0.875 07/22/2029China | 1.56% |
| 4 | Lumentum Holdings Inc 0.375 03/15/2032United States | 1.13% |
| 5 | Gold Pole Capital Co Ltd 1 06/25/2029Hong Kong | 1.03% |
| 6 | Alibaba Group Holding 0 09/15/2032Cayman Islands | 0.93% |
| 7 | Doordash Inc 0 05/15/2030United States | 0.82% |
| 8 | Cloudflare Inc 0 06/15/2030United States | 0.79% |
| 9 | PG&E Corp 4.25 12/01/2027United States | 0.68% |
| 10 | Akamai Technologies Inc 0.25 05/15/2033United States | 0.66% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States50.6%
- Cayman Islands8.9%
- Japan7.2%
- Germany4.0%
- Taiwan3.6%
- China3.1%
- France2.9%
- Hong Kong2.8%
- Other countries16.8%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 396 holdings; the ten largest make up 11.3% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 198 rolling 12-month returns since February 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since February 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of GCVG?
The ongoing charge of GCVG is 0.66% a year — about £66 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR FTSE Global Convertible Bond UCITS ETF 0.66% a year. Compared on 14/11/2026, 18 of the 427 other corporate and other bond funds charge more, 0 the same and 409 less (share classes counted once).
What does GCVG track?
GCVG tracks the FTSE Qualified Global Convertible Index - GBP - Benchmark TR Gross Hedged.
Is GCVG accumulating or distributing?
GCVG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
When does GCVG pay dividends?
GCVG pays its income out twice a year. In the 12 months to 14/11/2026 it went ex-dividend on 15/01/2026 and 09/07/2026. The latest distribution went ex-dividend on 09/07/2026 and was paid on 17/07/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.
What is the ISIN of GCVG?
The ISIN of GCVG is IE00BDT6FT30. An ISIN identifies one exact share class of a fund; GCVG is its ticker on the London Stock Exchange.
What does GCVG hold?
As of 05/11/2026, GCVG holds 396 positions, according to its published holdings. The largest is Alibaba Group Holding 0.5 06/01/2031 at 1.99% of the fund; the ten largest make up 11.3%. Its ten largest holdings are Alibaba Group Holding 0.5 06/01/2031 (1.99%), Echostar Corp 3.875 11/30/2030 (1.74%), Ping An Insurance Group 0.875 07/22/2029 (1.56%), Lumentum Holdings Inc 0.375 03/15/2032 (1.13%), Gold Pole Capital Co Ltd 1 06/25/2029 (1.03%), Alibaba Group Holding 0 09/15/2032 (0.93%), Doordash Inc 0 05/15/2030 (0.82%), Cloudflare Inc 0 06/15/2030 (0.79%), PG&E Corp 4.25 12/01/2027 (0.68%) and Akamai Technologies Inc 0.25 05/15/2033 (0.66%).
What were GCVG’s returns in each of the last five years?
Calendar-year returns of GCVG in pounds (price only, income paid out not included): 2023 +13.5%, 2024 +9.3%, 2025 +22.7%; 2026 to 13/11/2026 +7.5%. Past performance is not a guide to future returns.
How has GCVG done after inflation?
Over the three years to 13/11/2026 GCVG’s price changed by +54.6% (income paid out is not included), or +39.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at State Street Global Advisors · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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