# State Street SPDR FTSE Global Convertible Bond UCITS ETF (GCVG) **Page:** https://fundology.uk/fund/gcvg · ISIN IE00BDT6FT30 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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. Latest close: **£41.96** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GCVG | | ISIN | IE00BDT6FT30 | | Category | Corporate & other bonds | | Type | ETF | | Provider | SPDR | | Tracks | FTSE Qualified Global Convertible Index - GBP - Benchmark TR Gross Hedged | | Income | Distributing | | Ongoing charge | 0.66% a year (£66 per £10,000) | | Fund size | £34.4m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/01/2022 | ## Income and distributions > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 14/11/2026, the latest distribution of GCVG was £0.1113 per share: it went ex-dividend on 09/07/2026 and was paid on 17/07/2026. In the 12 months to 14/11/2026 GCVG declared 2 distributions, together £0.2368 per share. Latest distributions of GCVG per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 09/07/2026 | 17/07/2026 | £0.1113 | | 15/01/2026 | 23/01/2026 | £0.1255 | | 10/07/2025 | 18/07/2025 | £0.1106 | | 16/01/2025 | 24/01/2025 | £0.1167 | | 11/01/2024 | 19/01/2024 | £0.0434 | | 13/07/2023 | 21/07/2023 | £0.0357 | | 12/01/2023 | 20/01/2023 | £0.0449 | Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +8.79% | +4.94% | income reinvested | | 3 years | +54.56% | +39.64% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2023 | +13.5% | +8.9% | Price | | 2024 | +9.3% | +5.6% | Price | | 2025 | +22.7% | +18.5% | Price | | 2026 to 13/11/2026 | +7.5% | +4.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.52% | -9.80% | | 3 years | 8.52% | -9.80% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.66%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 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%. ### Top holdings Largest positions (as of 05/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Alibaba Group Holding 0.5 06/01/2031 | — | 1.99% | | 2 | Echostar Corp 3.875 11/30/2030 | — | 1.74% | | 3 | Ping An Insurance Group 0.875 07/22/2029 | — | 1.56% | | 4 | Lumentum Holdings Inc 0.375 03/15/2032 | — | 1.13% | | 5 | Gold Pole Capital Co Ltd 1 06/25/2029 | — | 1.03% | | 6 | Alibaba Group Holding 0 09/15/2032 | — | 0.93% | | 7 | Doordash Inc 0 05/15/2030 | — | 0.82% | | 8 | Cloudflare Inc 0 06/15/2030 | — | 0.79% | | 9 | PG&E Corp 4.25 12/01/2027 | — | 0.68% | | 10 | Akamai Technologies Inc 0.25 05/15/2033 | — | 0.66% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 05/11/2026. | Country | Weight | |---|---| | United States | 50.6% | | Cayman Islands | 8.9% | | Japan | 7.2% | | Germany | 4.0% | | Taiwan | 3.6% | | China | 3.1% | | France | 2.9% | | Hong Kong | 2.8% | | Other countries | 16.8% | The 388 holdings on record (of 396 reported): https://fundology.uk/fund/gcvg/holdings ## 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. ## Fund documents - [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-ftse-global-convertible-bond-gbp-hdg-ucits-etf-dist-gcvgx-i2) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BDT6FT30&documentType=kiid&country=uk&language=en_gb&ticker=gcvgx-i2) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-gcvgx-i2.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.