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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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Stocks0.00%
Technology Services0.00%
Utilities0.00%
Bonds, Cash & Other100.00%
Corporate97.77%
UNIT2.03%
Mutual fund0.20%
Stock breakdown by region
North America92.37%
Asia5.61%
Europe1.20%
Middle East0.68%
Oceania0.15%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CWB top holdings are Boeing Company 6% Pfd Registered shs Series A and Alibaba Group Holding Limited 0.5% 01-JUN-2031, occupying 2.83% and 2.39% of the portfolio correspondingly.
CWB last dividends amounted to 0.16 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 13.03% increase.
CWB assets under management is 3.80 B USD. It's risen 3.24% over the last month.
CWB fund flows account for −73.16 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.
Yes, CWB pays dividends to its holders with the dividend yield of 1.94%. The last dividend (Jun 5, 2025) amounted to 0.16 USD. The dividends are paid monthly.
CWB shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Apr 14, 2009, and its management style is Passive.
CWB expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
CWB follows the Bloomberg US Convertibles Liquid Bond. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CWB invests in bonds.
CWB price has risen by 3.36% over the last month, and its yearly performance shows a 12.43% increase. See more dynamics on CWB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 4.44% increase in three-month performance and has increased by 14.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.77% over the last month, showed a 4.44% increase in three-month performance and has increased by 14.83% in a year.
CWB trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.