"SPDR Refinitiv Global Convertible Bond EUR Hdg UCITS ETF (Acc)" is an exchange-traded investment fund (ETF). It refers to the Refinitiv Qualified Global Convertible Monthly EUR Hedged Index. This index reflects the development of stocks . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company SPDR claims a total expense ratio (TER) of 0.55% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.26% per year. Therefore, the ETF was less expensive than the TER suggests.