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

SPDR FTSE Global Convertible Bond UCITS ETF USD Unhedged (Dist) is an exchange-traded fund focused on providing investors with exposure to the global convertible bond market. The fund invests primarily in a diversified portfolio of convertible bonds issued by companies across various regions and industries, enabling it to capture the hybrid characteristics of these instruments—offering both fixed income from bond-like features and potential equity upside from their conversion options. By tracking the FTSE Qualified Global Convertible Index, the ETF aims to reflect the broad performance of the investable global convertible bond universe. Notable features include its unhedged USD share class, subjecting investors to foreign currency fluctuations, and a distribution policy that pays income semi-annually. It employs a stratified sampling replication strategy, ensuring efficient and cost-effective index tracking, with a total expense ratio of around 0.50%. With assets under management approaching $2 billion and over 340 holdings, the fund offers significant scale and diversification. SPDR FTSE Global Convertible Bond UCITS ETF plays a significant role for investors seeking access to a blend of global credit risk and equity participation in a single, liquid vehicle, suitable for enhancing portfolio diversification through hybrid global securities.