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GCVUx I2 State Street® SPDR FTSE® Global Convertible Bond USD Hdg UCITS ETF (Acc)

Concentrated investments in a particular sector or industry tend to be more volatile than the overall market and increases risk that events negatively affecting such sectors or industries could reduce returns, potentially causing the value of the Fund’s shares to decrease.

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.

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.

Fund Objective

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

Index Description

The FTSE Qualified Global Convertible Monthly Hedged (USD) index represents the performance achieved when hedging the currency exposure of its parent index, the FTSE Qualified Global Convertible Index, to USD. The index is 100% hedged to USD 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 FTSE 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 09 Jun 2026

ISIN IE000W566ZX2
iNAV Ticker

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

INGCVU
Inception Date 09 Jun 2026
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom
Currency Hedging Monthly
Share Class Currency USD
Income Treatment Accumulation
Settlement Cycle Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle DD+1
TER 0,55%
Benchmark FTSE Qualified Global Convertible Monthly Hedged (USD) Index
Minimum Investment 1 Share
Trading Currency USD
UCITS Compliant Yes
Domicile Ireland
Investment Manager State Street Global Advisors Europe Limited
Sub-Investment Manager(s)

State Street Global Advisors Limited

State Street Global Advisors Trust Company

Fund Umbrella SSGA SPDR ETFs Europe II plc
Replication Method Stratified Sampling
Distribution Frequency -
PEA Eligible No
ISA Eligible Yes
SIPP Eligible Yes
UK Reporting Status Yes
Securities Lending Yes

Fund Characteristics as of 31 May 2026

Current Yield 0,93%
Number of Holdings 334
Yield to Maturity -11,22%
Delta 0.58
Average Maturity in Years 3,18
Average Price $196,40
FinAPU Average Rating B+

Top Holdings

Fund Top Holdings as of 31 May 2026

Security Name Weight
WESTERN DIGITAL CORP 3 11/15/2028 4,26%
ECHOSTAR CORP 3.875 11/30/2030 2,43%
ALIBABA GROUP HOLDING 0.5 06/01/2031 2,20%
LUMENTUM HOLDINGS INC 0.5 06/15/2028 1,80%
PING AN INSURANCE GROUP 0.875 07/22/2029 1,67%
GOLD POLE CAPITAL CO LTD 1 06/25/2029 1,11%
MKS INSTRUMENTS INC 1.25 06/01/2030 0,99%
ALIBABA GROUP HOLDING 0 09/15/2032 0,99%
RESONAC HOLDINGS CORP 0 12/29/2028 0,84%
WIWYNN CORP 0 04/01/2031 0,81%
Download All Holdings: Download Daily Holdings

Sector Allocation

Fund Sector Allocation as of 31 May 2026

Sector Weight
Sector Weight
IT 22,24%
Industrials 12,69%
Electronics 9,50%
Telecom 6,01%
Utilities 5,28%
Cash 5,02%
Steel/Metals 4,35%
Retail/Wholesale 4,31%
Pharmaceutical 4,31%
Leisure 3,75%
Banking/Finance 3,65%
Services 3,19%
Insurance 2,87%
Property 2,57%
Construction 2,33%
Oil & Gas 2,24%
Transport 2,21%
Chemicals 1,81%
Food & Drink 0,69%
Media 0,49%
Other 0,49%

Geographical Weights

Country Weight

Maturity Ladder

Fund Maturity Ladder as of 31 May 2026

Maturity Weight
0 - 1 Year 10,46%
1 - 2 Years 13,46%
2 - 3 Years 19,95%
3 - 5 Years 43,89%
5 - 7 Years 11,28%
7 - 10 Years 0,95%

Quality Breakdown

Fund Quality Breakdown as of 31 May 2026

Quality Weight
AAA 0,67%
AA+ 0,74%
AA- 0,50%
A+ 12,99%
A 12,13%
A- 11,81%
BBB+ 12,54%
BBB 8,33%
BBB- 9,02%
BB+ 5,35%
BB 6,07%
BB- 5,33%
B+ 2,52%
B 5,36%
B- 1,74%
CCC 1,14%
C 3,38%
NR 0,39%

*Source: State Street Global Advisors, FinAPU.

FinAPU provides an independent risk assessment platform of issuers based on real time available fundamental information allowing to evaluate issuers and instruments using data from FTSE and Fitch Solutions using proprietary risk and validated models. The indicative ratings are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. For more Information,  please go to finapu.com.

Characteristics, holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of SSGA which may differ from the official books and records of the custodian.

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

The performance data quoted represents past performance. Past performance does not guarantee future results.

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

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