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    SPDR® Refinitiv Global Convertible Bond CHF Hdg UCITS ETF (Acc) GCVC SE

    Important Risk Disclosure

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

    Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

    Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

    The Fund/share class may use financial derivatives instruments for currency hedging and to manage the portfolio efficiently. The Fund may purchase securities that are not denominated in the share class currency. Hedging should mitigate the impact of exchange rate fluctuations however hedges are sometimes subject to imperfect matching which could generate losses.

    NAV

    CHF 36,78

    as of 16 Oct 2020

    Share Class Currency

    CHF

    1 Day Nav Change

    CHF +0,02 (+0,07%)

    as of 16 Oct 2020

    Total Fund Assets (millions)

    $1 356,34 M

    TER

    0,55%

    Quick Links

    Fund Objective

    Fund Objective

    The objective of the Fund is to track the performance of the global convertible bond market.

    Index Description

    Index Description

    The Refinitiv Qualified Global Convertible Monthly Hedged (CHF) index represents the performance achieved when hedging the currency exposure of its parent index, the Refinitiv Qualified Global Convertible Index, to CHF. The index is 100% hedged to CHF by selling forwards of all the currencies in the parent index at each monthly rebalance based on the anticipated exposure to each currency following the rebalance. The Refinitiv Qualified Global Convertible Index is designed to provide a broad measure of the performance of the investable, global convertible bond market.

    Fund Information as of 16 Oct 2020

    Fund Information as of 16 Oct 2020
    ISIN iNAV Ticker

    *These ticker codes are representative of the primary listing exchange.

    		 Inception Date Countries of Registration Currency Hedging Share Class Currency Income Treatment
    IE00BDT6FS23 INSPF4C 17 Jul 2018 Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom Monthly CHF Accumulation
    ISIN IE00BDT6FS23
    iNAV Ticker

    *These ticker codes are representative of the primary listing exchange.

    		 INSPF4C
    Inception Date 17 Jul 2018
    Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
    Currency Hedging Monthly
    Share Class Currency CHF
    Income Treatment Accumulation
    Settlement Cycle Trading Cycle TER Benchmark Minimum Investment Trading Currency UCITS Compliant
    Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3 DD+1 0,55% Refinitiv Qualified Global Convertible Monthly Hedged (CHF) Index 1 Share CHF Yes
    Settlement Cycle Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
    Trading Cycle DD+1
    TER 0,55%
    Benchmark Refinitiv Qualified Global Convertible Monthly Hedged (CHF) Index
    Minimum Investment 1 Share
    Trading Currency CHF
    UCITS Compliant Yes
    Domicile Investment Manager Fund Umbrella Replication Method Distribution Frequency PEA Eligible ISA Eligible
    Ireland State Street Global Advisors Limited SSGA SPDR ETFs Europe II plc Stratified Sampling - No Yes
    Domicile Ireland
    Investment Manager State Street Global Advisors Limited
    Fund Umbrella SSGA SPDR ETFs Europe II plc
    Replication Method Stratified Sampling
    Distribution Frequency -
    PEA Eligible No
    ISA Eligible Yes
    SIPP Eligible UK Reporting Status Securities Lending
    Yes Yes No
    SIPP Eligible Yes
    UK Reporting Status Yes
    Securities Lending No

    Listing and Ticker Information as of 19 Oct 2020

    Listing and Ticker Information as of 19 Oct 2020

    Exchange SIX Swiss Exchange (Primary)
    Trading Currency CHF
    Listing Date 18 Jul 2018
    Exchange Ticker GCVC
    SEDOL Code BDT6FS2
    Bloomberg Code GCVC SE
    Reuters Code GCVC.S
    Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
    SIX Swiss Exchange (Primary) CHF 18 Jul 2018 GCVC BDT6FS2 GCVC SE GCVC.S

    INAV

    INAV

    Estimated NAV per Unit at 4PM, Hong Kong as of Estimated NAV per Unit as of (Updated every 15 seconds)
    As of (Updated every 15 seconds)
    INAV TICKER CURRENCY INAV
    Estimated NAV per Unit at 4PM, Hong Kong as of
    Estimated NAV per Unit as of (Updated every 15 seconds)
    As of (Updated every 15 seconds)
    INAV TICKER
    CURRENCY
    INAV

    The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.

    Fund Characteristics as of 30 Sep 2020

    Fund Characteristics as of 30 Sep 2020
    Current Yield Number of Holdings Yield to Maturity Average Maturity in Years Average Price
    0,73% 261 -10,40% 3,79 $240,86
    Current Yield 0,73%
    Number of Holdings 261
    Yield to Maturity -10,40%
    Average Maturity in Years 3,79
    Average Price $240,86

    Fund Market Price as of 16 Oct 2020

    Fund Market Price as of 16 Oct 2020
    Bid Price Offer Price Closing Price Bid/Offer Spread Day High Day Low 52 Week High
    CHF 36,78 CHF 36,99 CHF 36,98 CHF 0,21 CHF 36,98 CHF 36,80 CHF 37,38
    Bid Price CHF 36,78
    Offer Price CHF 36,99
    Closing Price CHF 36,98
    Bid/Offer Spread CHF 0,21
    Day High CHF 36,98
    Day Low CHF 36,80
    52 Week High CHF 37,38
    52 Week Low
    CHF 24,66
    52 Week Low CHF 24,66

    Fund Net Asset Value as of 16 Oct 2020

    Fund Net Asset Value as of 16 Oct 2020
    NAV Share Class Assets (millions) Shares in Issue Total Fund Assets (millions)
    CHF 36,78 CHF 33,97 M 923 714 $1 356,34 M
    NAV CHF 36,78
    Share Class Assets (millions) CHF 33,97 M
    Shares in Issue 923 714
    Total Fund Assets (millions) $1 356,34 M
    Most Recent NAV/NAV History

    Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.

    Fund Performance

    Fund Performance

    • Fund Inception Date: 17 Jul 2018
    • Index Inception Date: 30 Apr 2018
    Cumulative Annualised Calendar
    Month End

    as of 30 Sep 2020

    As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
    17 Jul 2018
    Fund Net 30 Sep 2020 -2,36% 8,90% 16,31% 22,76% - - 19,53%
    Difference 30 Sep 2020 -0,12% -0,09% 0,07% 0,10% - - -0,58%
    Fund Gross 30 Sep 2020 -2,32% 9,05% 16,79% 23,44% - - 20,98%
    Difference 30 Sep 2020 -0,08% 0,06% 0,55% 0,78% - - 0,88%
    Index
    Refinitiv Qualified Global Convertible Monthly Hedged (CHF) Index
    		 30 Sep 2020 -2,24% 8,98% 16,23% 22,66% - - 20,10%
    Month End

    as of 30 Sep 2020

    As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
    17 Jul 2018
    Fund Net 30 Sep 2020 -2,36% 8,90% 16,31% 22,76% - - 8,42%
    Difference 30 Sep 2020 -0,12% -0,09% 0,07% 0,10% - - -0,24%
    Fund Gross 30 Sep 2020 -2,32% 9,05% 16,79% 23,44% - - 9,01%
    Difference 30 Sep 2020 -0,08% 0,06% 0,55% 0,78% - - 0,36%
    Index
    Refinitiv Qualified Global Convertible Monthly Hedged (CHF) Index
    		 30 Sep 2020 -2,24% 8,98% 16,23% 22,66% - - 8,66%

    as of 30 Sep 2020

    2020 (YTD) 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    Fund Net 16,31% 11,03% -7,45% - - - - - - - -
    Difference 0,07% -0,30% -0,25% - - - - - - - -
    Fund Gross 16,79% 11,64% -7,21% - - - - - - - -
    Difference 0,55% 0,31% -0,02% - - - - - - - -
    Index
    Refinitiv Qualified Global Convertible Monthly Hedged (CHF) Index
    		 16,23% 11,34% -7,19% - - - - - - - -

    Performance Gross and Net of All Fees.

    Capital Risk: Investing involves risk including the risk of loss of capital.

    Past performance is not a guarantee of future results.

    Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

    Previous to 29 May 2020, the Fund was known as SPDR® Thomson Reuters Global Convertible Bond CHF Hdg UCITS ETF (Acc).

    Top Holdings

    Top Holdings
    Fund Top Holdingsas of 30 Sep 2020

    Fund Top Holdings as of 30 Sep 2020

    Security Name Weight
    TESLA INC 2 05/15/2024 2,13%
    SEA LTD 1 12/01/2024 1,60%
    SOUTHWEST AIRLINES CO 1.25 05/01/2025 1,38%
    TESLA INC 1.25 03/01/2021 1,38%
    DISH NETWORK CORP 3.375 08/15/2026 1,23%
    TESLA INC 2.375 03/15/2022 1,07%
    SIKA AG 0.15 06/05/2025 1,07%
    TELECOM ITALIA SPA 1.125 03/26/2022 1,04%
    ATLASSIAN INC 0.625 05/01/2023 1,02%
    MERCADOLIBRE INC 2 08/15/2028 1,01%
    Download All Holdings: Download Daily Holdings

    Sector Allocation

    Sector Allocation
    Fund Sector Allocationas of 30 Sep 2020

    Fund Sector Allocation as of 30 Sep 2020

    Sector Weight
    Information Technology 25,84%
    Consumer Discretionary 18,95%
    Industrials 8,85%
    Materials 6,28%
    Real Estate 5,37%
    Financials 2,89%
    Utilities 2,37%
    Cash 2,34%
    Energy 1,31%
    Consumer Staples 1,12%
    Other 24,69%

    Geographical Weights

    Geographical Weights

    Fund Maturity Ladderas of 30 Sep 2020

    Fund Maturity Ladder
    as of 30 Sep 2020
    0 - 1 Year 10,99%
    1 - 2 Years 9,45%
    2 - 3 Years 19,59%
    3 - 5 Years 42,29%
    5 - 7 Years 12,20%
    7 - 10 Years 3,49%
    10 - 15 Years 0,19%
    15 - 20 Years 1,02%
    20 - 30 Years 0,77%

    Fund Quality Breakdownas of 30 Sep 2020

    Fund Quality Breakdown
    as of 30 Sep 2020
    AAA 2,21%
    A 4,80%
    BBB 8,28%
    BB 3,78%
    B 4,81%
    CCC 1,84%
    NR 74,28%
    Fund Documents
    Information & Schedules
    Tax Documents

    Fund Footnote

    Performance Gross and Net of All Fees.

    Capital Risk: Investing involves risk including the risk of loss of capital.

    Past performance is not a guarantee of future results.

    Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

    First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

    THE SPDR REFINITIV GLOBAL CONVERTIBLE BOND UCITS ETF (THE “PRODUCT”) IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY REFINITIV LIMITED OR ANY OF ITS SUBSIDIARIES OR AFFILIATES (“REFINITIV”). REFINITIV MAKE NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNERS OF THE PRODUCT(S) OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN SECURITIES GENERALLY OR IN THE PRODUCT(S) PARTICULARLY OR THE ABILITY OF THE REFINITIV QUALIFIED GLOBAL CONVERTIBLE INDEX (THE “INDEX”) TO TRACK GENERAL MARKET PERFORMANCE. REFINITIV’ ONLY RELATIONSHIP TO THE PRODUCT(S) AND STATE STREET GLOBAL ADVISORS (THE “LICENSEE”) IS THE LICENSING OF THE INDEX, WHICH IS DETERMINED, COMPOSED AND CALCULATED BY REFINITIV OR ITS LICENSORS WITHOUT REGARD TO THE LICENSEE OR THE PRODUCT(S). REFINITIV HAS NO OBLIGATION TO TAKE THE NEEDS OF THE LICENSEE OR THE OWNERS OF THE PRODUCT(S) INTO CONSIDERATION IN CONNECTION WITH THE FOREGOING. REFINITIV IS NOT RESPONSIBLE FOR AND HAS NOT PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THE PRODUCT(S) TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY WHICH THE PRODUCT(S) IS TO BE CONVERTED INTO CASH. REFINITIV HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR TRADING OF THE PRODUCT(S).

    REFINITIV DOES NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN. REFINITIV MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE. REFINITIV MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL REFINITIV HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

    Previous to 29 May 2020, the Fund was known as SPDR® Thomson Reuters Global Convertible Bond CHF Hdg UCITS ETF (Acc).

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    Disclaimer: The Goldener Bulle award given by Finanzen.net on 02 February 2018 which recognises from investors who demonstrate our highest rated ETF range of all ETF companies. The award/ranking given is chosen based on investor's feedback for the time period of 01.01.2017 - 31.12.2017.

     

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