SPDR® Thomson Reuters 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 30,27

as of 06 Dec 2019

Share Class Currency

CHF

1 Day Nav Change

CHF +0,09 (+0,31%)

as of 06 Dec 2019

Share Class Assets (millions)

CHF 22,29 M

as of 06 Dec 2019

TER

0,55%


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 Thomson Reuters Qualified Global Convertible Monthly Hedged (CHF) index represents the performance achieved when hedging the currency exposure of its parent index, the Thomson Reuters 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 Thomson Reuters 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 06 Dec 2019

Fund Information as of 06 Dec 2019

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% Thomson Reuters 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 Thomson Reuters 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
Yes Seeking
SIPP Eligible Yes
UK Reporting Status Seeking

Listing and Ticker Information as of 09 Dec 2019

Listing and Ticker Information as of 09 Dec 2019

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 Nov 2019

Fund Characteristics as of 30 Nov 2019

Current Yield Number of Holdings Yield to Maturity Average Maturity in Years Average Price
0,87% 271 0,00% 3,92 USD $125,20
Current Yield 0,87%
Number of Holdings 271
Yield to Maturity 0,00%
Average Maturity in Years 3,92
Average Price USD $125,20

Fund Market Price as of 06 Dec 2019

Fund Market Price as of 06 Dec 2019

Bid Price Offer Price Closing Price Bid/Offer Spread Day High Day Low 52 Week High
CHF 30,20 CHF 30,49 CHF 30,31 CHF 0,28 - - CHF 30,52
Bid Price CHF 30,20
Offer Price CHF 30,49
Closing Price CHF 30,31
Bid/Offer Spread CHF 0,28
Day High -
Day Low -
52 Week High CHF 30,52
52 Week Low
CHF 27,34
52 Week Low CHF 27,34

Fund Net Asset Value as of 06 Dec 2019

Fund Net Asset Value as of 06 Dec 2019

NAV Share Class Assets (millions) Shares in Issue Total Fund Assets (millions)
CHF 30,27 CHF 22,29 M 736 201 USD $1 027,12 M
NAV CHF 30,27
Share Class Assets (millions) CHF 22,29 M
Shares in Issue 736 201
Total Fund Assets (millions) USD $1 027,12 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
View as

Fund Performance

  • Fund Inception Date: 17 Jul 2018
  • Index Inception Date: 30 Apr 2018
As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
17 Jul 2018
Fund Net 30 Nov 2019 2,00% 2,94% 8,84% 5,26% - - 0,74%
Difference 30 Nov 2019 -0,01% 0,06% -0,26% -0,31% - - -0,52%
Fund Gross 30 Nov 2019 2,05% 3,08% 9,39% 5,84% - - 1,50%
Difference 30 Nov 2019 0,04% 0,20% 0,29% 0,27% - - 0,24%
Index
Thomson Reuters Qualified Global Convertible Monthly Hedged (CHF) Index
30 Nov 2019 2,02% 2,87% 9,10% 5,57% - - 1,25%

as of 30 Nov 2019

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
17 Jul 2018
Fund Net 30 Nov 2019 2,00% 2,94% 8,84% 5,26% - - 0,54%
Difference 30 Nov 2019 -0,01% 0,06% -0,26% -0,31% - - -0,38%
Fund Gross 30 Nov 2019 2,05% 3,08% 9,39% 5,84% - - 1,09%
Difference 30 Nov 2019 0,04% 0,20% 0,29% 0,27% - - 0,18%
Index
Thomson Reuters Qualified Global Convertible Monthly Hedged (CHF) Index
30 Nov 2019 2,02% 2,87% 9,10% 5,57% - - 0,91%

as of 30 Nov 2019

2019 (YTD) 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Net 8,84% -7,45% - - - - - - - - -
Difference -0,26% -0,25% - - - - - - - - -
Fund Gross 9,39% -7,21% - - - - - - - - -
Difference 0,29% -0,02% - - - - - - - - -
Index
Thomson Reuters Qualified Global Convertible Monthly Hedged (CHF) Index
9,10% -7,19% - - - - - - - - -

as of 30 Nov 2019

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.


Top Holdings

Top Holdings
Fund Top Holdingsas of 30 Nov 2019

Fund Top Holdings as of 30 Nov 2019

Security Name Weight
MICROCHIP TECHNOLOGY INC 1.625 02/15/2025 1,76%
AMERICA MOVIL SAB DE CV 0 05/28/2020 1,75%
DISH NETWORK CORP 3.375 08/15/2026 1,51%
MICROCHIP TECHNOLOGY INC 1.625 02/15/2027 1,41%
ADVANCED MICRO DEVICES 2.125 09/01/2026 1,27%
TESLA INC 2 05/15/2024 1,21%
TELECOM ITALIA SPA 1.125 03/26/2022 1,18%
CAESARS ENTERTAIN CORP 5 10/01/2024 1,08%
CHINA EVERGRANDE GROUP 4.25 02/14/2023 1,01%
PALO ALTO NETWORKS 0.75 07/01/2023 0,98%
Download All Holdings: Download Daily Holdings

Sector Allocation

Sector Allocation
Fund Sector Allocationas of 30 Nov 2019

Fund Sector Allocation as of 30 Nov 2019

Sector Weight
Information Technology 25,43%
Consumer Discretionary 14,94%
Industrials 7,59%
Materials 5,85%
Real Estate 5,22%
Financials 3,75%
Energy 3,48%
Utilities 3,39%
Cash 2,78%
Consumer Staples 1,53%
Other 26,06%

Geographical Weights

Geographical Weights

Fund Maturity Ladderas of 30 Nov 2019

Fund Maturity Ladder
as of 30 Nov 2019
0 - 1 Year 9,94%
1 - 2 Years 10,65%
2 - 3 Years 17,49%
3 - 5 Years 39,29%
5 - 7 Years 16,19%
7 - 10 Years 4,31%
15 - 20 Years 1,07%
20 - 30 Years 1,07%

Fund Quality Breakdownas of 30 Nov 2019

Fund Quality Breakdown
as of 30 Nov 2019
AAA 2,78%
A 7,43%
BBB 6,54%
BB 5,30%
B 7,80%
CCC 2,16%
D 0,26%
NR 67,73%

Tax Documents

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 THOMSON REUTERS GLOBAL CONVERTIBLE BOND UCITS ETF (THE "PRODUCT") IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY REUTERS LIMITED OR ANY OF ITS SUBSIDIARIES OR AFFILIATES ("THOMSON REUTERS"). THOMSON REUTERS 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 THOMSON REUTERS QUALIFIED GLOBAL CONVERTIBLE INDEX (THE "INDEX") TO TRACK GENERAL MARKET PERFORMANCE. THOMSON REUTERS' 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 THOMSON REUTERS OR ITS LICENSORS WITHOUT REGARD TO THE LICENSEE OR THE PRODUCT(S). THOMSON REUTERS HAS NO OBLIGATION TO TAKE THE NEEDS OF THE LICENSEE OR THE OWNERS OF THE PRODUCT(S) INTO CONSIDERATION IN CONNECTION WITH THE FOREGOING. THOMSON REUTERS 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. THOMSON REUTERS HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR TRADING OF THE PRODUCT(S).

THOMSON REUTERS DOES NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN. THOMSON REUTERS 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. THOMSON REUTERS 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 THOMSON REUTERS HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOST PROFITS, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.