SPDR FTSE Global Convertible Bond UCITS ETF USD Hedged (Dist)

SPDR FTSE Global Convertible Bond UCITS ETF USD Hedged (Dist) is an exchange-traded fund that tracks the FTSE Qualified Global Convertible Index, providing exposure to the global market of convertible bonds. These hybrid securities combine fixed-income stability with the potential for equity conversion, offering income through coupons alongside upside participation in underlying company stocks. Managed by State Street Global Advisors and domiciled in Ireland, the ETF uses a stratified sampling replication method, holding approximately 337 securities with an average maturity of 3.17 years and a delta of 0.55, reflecting moderate equity sensitivity. It is USD-hedged to minimize currency risk from non-USD assets, employing derivatives for efficient hedging that helps align returns with the underlying portfolio despite potential costs from interest rate differentials. Launched in 2014 as a UCITS-compliant product, it distributes dividends semi-annually with a total expense ratio around 0.50-0.55% and manages assets of about €32 million to $956 million across share classes. This ETF serves a vital role in diversified portfolios, bridging fixed-income reliability and growth potential across international markets.