# State Street SPDR FTSE Global Convertible Bond UCITS ETF Hedged Acc (GCVU) **Page:** https://fundology.uk/fund/gcvu · ISIN IE000W566ZX2 ## 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, GCVU (State Street SPDR FTSE Global Convertible Bond UCITS ETF Hedged Acc, ISIN IE000W566ZX2) closed at $9.35 on the London Stock Exchange. ## Summary State Street SPDR FTSE Global Convertible Bond UCITS ETF Hedged Acc is an exchange-traded fund (ETF) from SPDR, launched in 2026. It tracks the Refinitiv Qualified Global Convertible Index - USD - Benchmark TR Net Hedged. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is a currency-hedged share class: it uses currency contracts to reduce the effect of exchange-rate moves. Latest close: **$9.35** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GCVU | | ISIN | IE000W566ZX2 | | Category | Corporate & other bonds | | Type | ETF | | Provider | SPDR | | Tracks | Refinitiv Qualified Global Convertible Index - USD - Benchmark TR Net Hedged | | Income | Accumulating | | Fund size | £77.4m | | Launched | 2026 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2026 | ## Charges & eligibility - 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, GCVU 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/gcvu/holdings ## Questions people ask **What does GCVU track?** GCVU tracks the Refinitiv Qualified Global Convertible Index - USD - Benchmark TR Net Hedged. **Is GCVU accumulating or distributing?** GCVU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of GCVU?** The ISIN of GCVU is IE000W566ZX2. An ISIN identifies one exact share class of a fund; GCVU is its ticker on the London Stock Exchange. **What does GCVU hold?** As of 05/11/2026, GCVU 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%). ## 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-usd-hdg-ucits-etf-acc-gcvux-i2) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE000W566ZX2&documentType=kiid&country=uk&language=en_gb&ticker=gcvux-i2) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-gcvux-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.