SPDR® Refinitiv Global Convertible Bond UCITS ETF (Dist) ZPRC GY

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 USD (Official NAV)

$43,77

as of 07 Aug 2020

Share Class Currency

USD

1 Day Nav Change

-$0,43 (-0,98%)

as of 07 Aug 2020

Total Fund Assets (millions)

$1 330,48 M

TER

0,50%

image load fail

as of 31 Jul 2020


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 Index is designed to provide a broad measure of the performance of the investable, global convertible bond market.


Fund Information as of 07 Aug 2020

Fund Information as of 07 Aug 2020
ISIN iNAV Ticker

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

Inception Date Countries of Registration Share Class Currency Income Treatment Settlement Cycle
IE00BNH72088 INZPRCE 14 Oct 2014 Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom USD Distribution Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
ISIN IE00BNH72088
iNAV Ticker

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

INZPRCE
Inception Date 14 Oct 2014
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Share Class Currency USD
Income Treatment Distribution
Settlement Cycle Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle TER Benchmark Minimum Investment Trading Currency UCITS Compliant Domicile
DD+1 0,50% Refinitiv Qualified Global Convertible Index 1 Share EUR, USD, CHF, GBP Yes Ireland
Trading Cycle DD+1
TER 0,50%
Benchmark Refinitiv Qualified Global Convertible Index
Minimum Investment 1 Share
Trading Currency EUR, USD, CHF, GBP
UCITS Compliant Yes
Domicile Ireland
Investment Manager Fund Umbrella Replication Method Distribution Frequency PEA Eligible ISA Eligible SIPP Eligible
State Street Global Advisors Limited SSGA SPDR ETFs Europe II plc Stratified Sampling Semi-Annually No Yes Yes
Investment Manager State Street Global Advisors Limited
Fund Umbrella SSGA SPDR ETFs Europe II plc
Replication Method Stratified Sampling
Distribution Frequency Semi-Annually
PEA Eligible No
ISA Eligible Yes
SIPP Eligible Yes
UK Reporting Status Securities Lending
Yes No
UK Reporting Status Yes
Securities Lending No

Listing and Ticker Information as of 09 Aug 2020

Listing and Ticker Information as of 09 Aug 2020

Exchange Deutsche Börse (Primary)
Trading Currency EUR
Listing Date 15 Oct 2014
Exchange Ticker ZPRC
SEDOL Code BRB2VR7
Bloomberg Code ZPRC GY
Reuters Code ZPRC.DE
Exchange London Stock Exchange
Trading Currency USD
Listing Date 16 Oct 2014
Exchange Ticker GCVB
SEDOL Code BNH7208
Bloomberg Code GCVB LN
Reuters Code GCVB.L
Exchange Borsa Italiana
Trading Currency EUR
Listing Date 23 Apr 2015
Exchange Ticker CONV
SEDOL Code BWDPL02
Bloomberg Code CONV IM
Reuters Code CONV.MI
Exchange SIX Swiss Exchange
Trading Currency CHF
Listing Date 20 Aug 2015
Exchange Ticker GCVB
SEDOL Code BWK1TV0
Bloomberg Code GCVB SE
Reuters Code GCVB.S
Exchange London Stock Exchange
Trading Currency GBP
Listing Date 24 May 2018
Exchange Ticker GLCB
SEDOL Code BDFD220
Bloomberg Code GLCB LN
Reuters Code GLCB L
Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
Deutsche Börse (Primary) EUR 15 Oct 2014 ZPRC BRB2VR7 ZPRC GY ZPRC.DE
London Stock Exchange USD 16 Oct 2014 GCVB BNH7208 GCVB LN GCVB.L
Borsa Italiana EUR 23 Apr 2015 CONV BWDPL02 CONV IM CONV.MI
SIX Swiss Exchange CHF 20 Aug 2015 GCVB BWK1TV0 GCVB SE GCVB.S
London Stock Exchange GBP 24 May 2018 GLCB BDFD220 GLCB LN GLCB L

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 31 Jul 2020

Fund Characteristics as of 31 Jul 2020
Current Yield Number of Holdings Yield to Maturity Average Maturity in Years Average Price
0,78% 253 -10,45% 3,81 $257,17
Current Yield 0,78%
Number of Holdings 253
Yield to Maturity -10,45%
Average Maturity in Years 3,81
Average Price $257,17

Fund Market Price as of 07 Aug 2020

Fund Market Price as of 07 Aug 2020
Bid Price Offer Price Closing Price Bid/Offer Spread Day High Day Low 52 Week High
€37,36 €37,54 €37,45 €0,18 €37,62 €37,27 €38,09
Bid Price €37,36
Offer Price €37,54
Closing Price €37,45
Bid/Offer Spread €0,18
Day High €37,62
Day Low €37,27
52 Week High €38,09
52 Week Low
€27,98
52 Week Low €27,98

Fund Net Asset Value as of 07 Aug 2020

Fund Net Asset Value as of 07 Aug 2020
NAV USD (Official NAV) NAV CHF NAV EUR NAV GBP Share Class Assets (millions) Shares in Issue Total Fund Assets (millions)
$43,77 CHF 39,95 €37,13 £33,54 $765,72 M 17 494 224 $1 330,48 M
NAV USD (Official NAV) $43,77
NAV CHF CHF 39,95
NAV EUR €37,13
NAV GBP £33,54
Share Class Assets (millions) $765,72 M
Shares in Issue 17 494 224
Total Fund Assets (millions) $1 330,48 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.


Yields as of 07 Aug 2020

Yields as of 07 Aug 2020
Distribution Yield

This measures the 12 month historical dividend pay-out per share divided by the NAV.

0,14%
Distribution Yield

This measures the 12 month historical dividend pay-out per share divided by the NAV.

0,14%

Fund Performance

Fund Performance

  • Fund Inception Date: 14 Oct 2014
  • Index Inception Date: 03 Oct 2014

as of 31 Jul 2020

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
14 Oct 2014
Fund Net 31 Jul 2020 6,45% 18,31% 14,31% 19,68% 25,22% 40,54% 48,75%
Difference 31 Jul 2020 -0,08% -0,03% 0,22% 0,28% -0,76% -2,09% -2,50%
Fund Gross 31 Jul 2020 6,49% 18,46% 14,64% 20,28% 27,11% 44,09% 53,11%
Difference 31 Jul 2020 -0,03% 0,12% 0,55% 0,87% 1,13% 1,46% 1,86%
Index
Refinitiv Qualified Global Convertible Index
31 Jul 2020 6,53% 18,34% 14,09% 19,40% 25,98% 42,63% 51,25%

as of 31 Jul 2020

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
14 Oct 2014
Fund Net 31 Jul 2020 6,45% 18,31% 14,31% 19,68% 7,78% 7,04% 7,09%
Difference 31 Jul 2020 -0,08% -0,03% 0,22% 0,28% -0,22% -0,32% -0,31%
Fund Gross 31 Jul 2020 6,49% 18,46% 14,64% 20,28% 8,32% 7,58% 7,63%
Difference 31 Jul 2020 -0,03% 0,12% 0,55% 0,87% 0,32% 0,22% 0,23%
Index
Refinitiv Qualified Global Convertible Index
31 Jul 2020 6,53% 18,34% 14,09% 19,40% 8,00% 7,36% 7,40%

as of 31 Jul 2020

2020 (YTD) 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Net 14,31% 13,52% -5,02% 12,06% 4,14% 0,48% 2,92% - - - -
Difference 0,22% -0,17% -0,39% -0,56% -0,50% -0,19% -0,15% - - - -
Fund Gross 14,64% 14,09% -4,54% 12,62% 4,66% 0,99% 3,03% - - - -
Difference 0,55% 0,39% 0,09% 0,00% 0,03% 0,31% -0,04% - - - -
Index
Refinitiv Qualified Global Convertible Index
14,09% 13,69% -4,63% 12,62% 4,63% 0,68% 3,06% - - - -

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 UCITS ETF (Dist).


Deviation & Tracking Error as of 31 Jul 2020

Deviation & Tracking Error as of 31 Jul 2020

Standard Deviation Tracking Error
11,55% 0,21%
Standard Deviation 11,55%
Tracking Error 0,21%

This calculation is based on the past 3 years performance information.


Top Holdings

Top Holdings
Fund Top Holdingsas of 31 Jul 2020

Fund Top Holdings as of 31 Jul 2020

Security Name Weight
TESLA INC 2 05/15/2024 1,97%
SEA LTD 2.25 07/01/2023 1,62%
SEA LTD 1 12/01/2024 1,47%
DISH NETWORK CORP 3.375 08/15/2026 1,36%
SOUTHWEST AIRLINES CO 1.25 05/01/2025 1,32%
TESLA INC 1.25 03/01/2021 1,28%
SERVICENOW INC 0 06/01/2022 1,21%
ATLASSIAN INC 0.625 05/01/2023 1,13%
MERCADOLIBRE INC 2 08/15/2028 1,11%
DEXCOM INC 0.75 12/01/2023 1,10%
Download All Holdings: Download Daily Holdings

Sector Allocation

Sector Allocation
Fund Sector Allocationas of 31 Jul 2020

Fund Sector Allocation as of 31 Jul 2020

Sector Weight
Information Technology 26,29%
Consumer Discretionary 17,94%
Industrials 8,94%
Materials 6,62%
Real Estate 4,96%
Utilities 2,70%
Financials 2,59%
Energy 1,64%
Consumer Staples 1,17%
Cash 0,81%
Other 26,34%

Geographical Weights

Geographical Weights

Fund Maturity Ladderas of 31 Jul 2020

Fund Maturity Ladder
as of 31 Jul 2020
0 - 1 Year 9,10%
1 - 2 Years 11,76%
2 - 3 Years 19,96%
3 - 5 Years 42,23%
5 - 7 Years 12,14%
7 - 10 Years 2,88%
10 - 15 Years 0,24%
15 - 20 Years 0,93%
20 - 30 Years 0,76%

Fund Quality Breakdownas of 31 Jul 2020

Fund Quality Breakdown
as of 31 Jul 2020
AAA 0,79%
A 5,06%
BBB 7,83%
BB 4,74%
B 6,68%
CCC 1,93%
NR 72,96%

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 UCITS ETF (Dist).

© 2020 Morningstar, Inc. All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. State Street does not review the Morningstar data.