Key stats
About SPDR Bloomberg Convertible Securities ETF
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Inception date
Apr 14, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
CWB represents the US convertible securities space with a market-value-weighted and market-value-selected portfolio. The fund only selects convertible securities, such as convertible bonds and convertible preferred stock with a minimum outstanding issue of USD 250 million, and must have at least 31 days until maturity. The securities must be a non-called, non-defaulted security but may include investment grade, below investment grade or unrated securities. The index rebalances monthly.
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CWB trades at 80.57 USD today, its price has risen 0.71% in the past 24 hours. Track more dynamics on CWB price chart.
CWB net asset value is 80.35 today — it's risen 2.50% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CWB assets under management is 3.77 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CWB price has risen by 2.71% over the last month, and its yearly performance shows a 12.59% increase. See more dynamics on CWB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.50% over the last month, showed a 2.66% increase in three-month performance and has increased by 14.60% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.50% over the last month, showed a 2.66% increase in three-month performance and has increased by 14.60% in a year.
CWB fund flows account for −57.03 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CWB invests in bonds. See more details in our Analysis section.
CWB expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CWB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CWB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CWB shows the strong buy signal. See more of CWB technicals for a more comprehensive analysis.
Today, CWB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CWB shows the strong buy signal. See more of CWB technicals for a more comprehensive analysis.
Yes, CWB pays dividends to its holders with the dividend yield of 1.94%.
CWB trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CWB shares are issued by State Street Corp.
CWB follows the Bloomberg US Convertibles Liquid Bond. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 14, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.