# State Street SPDR FTSE Global Convertible Bond UCITS ETF USD (GLCB)

**Page:** https://fundology.uk/fund/glcb · ISIN IE00BNH72088

## 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, GLCB (State Street SPDR FTSE Global Convertible Bond UCITS ETF USD, ISIN IE00BNH72088) closed at £48.45 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its total return was +24.6%, or −2.7% after UK CPIH inflation.

## Summary

State Street SPDR FTSE Global Convertible Bond UCITS ETF USD is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the FTSE Qualified Global Convertible Index - EUR - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.6% a year — about £60 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.

Latest close: **£48.45** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GLCB |
| ISIN | IE00BNH72088 |
| Also listed as | GCVB (London Stock Exchange, US dollars), ZPRC (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | SPDR |
| Tracks | FTSE Qualified Global Convertible Index - EUR - Benchmark TR Gross |
| Income | Distributing |
| Ongoing charge | 0.60% a year (£60 per £10,000) |
| Fund size | £684m |
| Launched | 2014 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 14/10/2014 |

## 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 GLCB was US$0.1856 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 GLCB declared 2 distributions, together US$0.3973 per share.

Latest distributions of GLCB per share, as of 14/11/2026:

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 09/07/2026 | 17/07/2026 | US$0.1856 |
| 15/01/2026 | 23/01/2026 | US$0.2117 |
| 10/07/2025 | 18/07/2025 | US$0.1946 |
| 16/01/2025 | 24/01/2025 | US$0.1902 |
| 11/01/2024 | 19/01/2024 | US$0.0925 |
| 13/07/2023 | 21/07/2023 | US$0.0571 |
| 12/01/2023 | 20/01/2023 | US$0.0457 |
| 14/07/2022 | 22/07/2022 | US$0.0498 |

GLCB declares its distributions in US dollars; what reaches an account in pounds depends on the exchange rate the platform uses.

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 23 distributions are on record since 14/01/2015.

## 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 | +6.72% | +2.94% | income reinvested |
| 3 years | +44.27% | +30.35% | income reinvested |
| 5 years | +24.63% | -2.72% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −11.1%, 2023 +7.9%, 2024 +9.6%, 2025 +15.2%; 2026 to 13/11/2026 +6.8%. Returns of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.8%; to 30/09/2025: +21.0%; to 30/09/2024: +4.8%; to 30/09/2023: +1.2%; to 30/09/2022: −10.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.1% | -18.6% | Price |
| 2023 | +7.9% | +3.6% | Price |
| 2024 | +9.6% | +5.9% | Price |
| 2025 | +15.2% | +11.2% | Price |
| 2026 to 13/11/2026 | +6.8% | +3.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.70% | -11.60% |
| 3 years | 9.20% | -11.60% |
| 5 years | 9.48% | -19.34% |

## Largest fall

Volatility of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 11.7% over 1 year, 9.2% over 3 years, 9.5% over 5 years. Largest fall in the price of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD since November 2021, in pounds: −17.9% from 19/11/2021 to 17/06/2022. The lowest 12-month return of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −16.5% (12 months to 17/06/2022); the highest was +38.3% (12 months to 19/06/2026). On 13/11/2026 the price of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD was 10.8% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR FTSE Global Convertible Bond UCITS ETF USD 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.60%** 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, GLCB 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/glcb/holdings

## Questions people ask

**What is the ongoing charge of GLCB?**

The ongoing charge of GLCB is 0.60% a year — about £60 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 USD 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once).

**What does GLCB track?**

GLCB tracks the FTSE Qualified Global Convertible Index - EUR - Benchmark TR Gross.

**Is GLCB accumulating or distributing?**

GLCB is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**When does GLCB pay dividends?**

GLCB 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 GLCB?**

The ISIN of GLCB is IE00BNH72088. An ISIN identifies one exact share class of a fund; GLCB is its ticker on the London Stock Exchange. The same share class is also listed as GCVB (London Stock Exchange, US dollars) and ZPRC (Xetra, euros).

**What does GLCB hold?**

As of 05/11/2026, GLCB 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 GLCB’s returns in each of the last five years?**

Calendar-year returns of GLCB in pounds (price only, income paid out not included): 2022 −11.1%, 2023 +7.9%, 2024 +9.6%, 2025 +15.2%; 2026 to 13/11/2026 +6.8%. Past performance is not a guide to future returns.

**How has GLCB done after inflation?**

Over the five years to 13/11/2026 GLCB’s total return was +24.6%, or −2.7% 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-ucits-etf-dist-zprc-gy)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BNH72088&documentType=kiid&country=uk&language=en_gb&ticker=zprc-gy)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-zprc-gy.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.