CWB: SPDR® Bloomberg Barclays Convertible Securities ETF

NAV

$87.70

as of Jan 22 2021

Base Currency

USD

Assets Under Management

$7,138.85 M

as of Jan 22 2021

Gross Expense Ratio

0.40%

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Key Features

The SPDR^® Bloomberg Barclays Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays US Convertible Liquid Bond Index (the “Index”)
Seeks to provide exposure to the market of U.S. convertible securities with an issue amount of at least $350 million and a par amount outstanding of at least $250 million
Convertible bonds are bonds that can be exchanged, at the option of the holder, for a specific number of shares of the issuer’s preferred stock or common stock
Rebalanced on the last business day of the month

About this Benchmark

The Bloomberg Barclays US Convertible Liquid Bond Index is designed to represent the market of U.S. convertible securities, such as convertible bonds. Convertible bonds are bonds that can be exchanged, at the option of the holder, for a specific number of shares of the issuer’s preferred stock (“Preferred Securities”) or common stock. The Index components are a subset of issues in the Barclays Convertible Composite Index. To be included in the Index, a security must meet the following requirements: (i) have an issue amount of at least $350 million and a par amount outstanding of at least $250 million; (ii) be a non-called, non-defaulted security; (iii) have at least 31 days until maturity; (iv) be U.S. dollar denominated; and (v) be a registered or a convertible tranche issued under Rule 144A of the Securities Act of 1933, as amended.

Fund Information as of Jan 22 2021

Benchmark	Inception Date	Options Available	Gross Expense Ratio Gross Expense Ratio The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.	Base Currency	Investment Manager	Management Team
Bloomberg Barclays U.S. Convertible Liquid Bond Index	Apr 14 2009	Yes	0.40%	USD	SSGA Funds Management, Inc.	Global Fixed Income, Cash and Currency

Benchmark	Bloomberg Barclays U.S. Convertible Liquid Bond Index
Inception Date	Apr 14 2009
Options Available	Yes
Gross Expense Ratio Gross Expense Ratio The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.	0.40%
Base Currency	USD
Investment Manager	SSGA Funds Management, Inc.
Management Team	Global Fixed Income, Cash and Currency

Distributor	Distribution Frequency
State Street Global Advisors Funds Distributors, LLC	Monthly

Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Listing Information as of Jan 22 2021

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Apr 16 2009	USD	CWB	78464A359	US78464A3591

Exchange	NYSE ARCA EXCHANGE
Listing Date	Apr 16 2009
Trading Currency	USD
Ticker	CWB
CUSIP	78464A359
ISIN	US78464A3591

Fund Characteristics as of Jan 22 2021

Number of Holdings	Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	Average Maturity in Years Average Maturity The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.	Average Price	Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.
277	2.24%	4.23	$387.99	1.47%

Number of Holdings	277
Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	2.24%
Average Maturity in Years Average Maturity The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.	4.23
Average Price	$387.99
Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.	1.47%

Index Characteristics as of Jan 22 2021

Number of Holdings	Average Coupon	Average Maturity in Years	Average Price	Current Yield
266	2.24%	4.29	$374.26	1.51%

Number of Holdings	266
Average Coupon	2.24%
Average Maturity in Years	4.29
Average Price	$374.26
Current Yield	1.51%

Yields as of Jan 22 2021

30 Day SEC Yield 30 Day SEC Yield (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.	30 Day SEC Yield (Unsubsidized) 30 Day SEC Yield (Unsubsidized) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.	Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
0.87%	-	2.21%

30 Day SEC Yield 30 Day SEC Yield (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.	0.87%
30 Day SEC Yield (Unsubsidized) 30 Day SEC Yield (Unsubsidized) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.	-
Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.	2.21%

Fund Market Price as of Jan 22 2021

Bid/Ask Bid/Ask Mid Point (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.	Closing Price Closing Price Market Price of last reported trade on the exchange.	Day High	Day Low	Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	Premium/Discount Premium/Discount to NAV Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)	30-Day Median Bid/Ask Spread The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
$87.74	$87.58	$87.67	$87.00	53,333	0.04%	0.07%

Bid/Ask Bid/Ask Mid Point (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.	$87.74
Closing Price Closing Price Market Price of last reported trade on the exchange.	$87.58
Day High	$87.67
Day Low	$87.00
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	53,333
Premium/Discount Premium/Discount to NAV Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)	0.04%
30-Day Median Bid/Ask Spread The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.	0.07%

Premium Discount to NAV Graph and Summary
The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

x axis: Dates

y axis: Premium or Discount (bps)

Number of Days Summary

	Calendar Year 2020
Days Traded at Premium Number of days the ETF closing price was above the NAV.	154
Days Traded at Discount Number of days the ETF closing price was below the NAV.	99

Days Traded at Premium Number of days the ETF closing price was above the NAV.
Calendar Year 2020	154
Days Traded at Discount Number of days the ETF closing price was below the NAV.
Calendar Year 2020	99

Fund Data

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Fund Net Cash Amount as of Jan 22 2021

Net Cash Amount
$10,945,330.27

Net Cash Amount

$10,945,330.27

Fund Net Asset Value as of Jan 22 2021

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	Shares Outstanding	Assets Under Management
$87.70	81.40 M	$7,138.85 M

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$87.70
Shares Outstanding	81.40 M
Assets Under Management	$7,138.85 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Apr 14 2009

Performance

Month End Quarter End

as of Dec 31 2020

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 14 2009
Fund Before Tax
NAV	Dec 31 2020	7.21%	21.65%	53.34%	53.34%	22.42%	18.70%	12.61%	14.44%
Market Value	Dec 31 2020	7.06%	21.78%	53.31%	53.31%	22.48%	18.67%	12.52%	14.44%
Bloomberg Barclays U.S. Convertible Liquid Bond Index	Dec 31 2020	7.10%	21.92%	54.45%	54.45%	23.03%	19.33%	13.18%	15.44%
Fund After Tax
Return after Taxes on Distributions	Dec 31 2020	6.66%	20.91%	51.62%	51.62%	20.62%	16.88%	10.75%	12.55%
Return after Taxes on Distributions and Sale of Fund Shares	Dec 31 2020	4.27%	12.80%	31.41%	31.41%	16.82%	14.16%	9.39%	11.13%
Bloomberg Barclays U.S. Convertible Liquid Bond Index	Dec 31 2020	7.10%	21.92%	54.45%	54.45%	23.03%	19.33%	13.18%	15.44%

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Apr 14 2009
Fund Before Tax
NAV	Dec 31 2020	7.21%	21.65%	53.34%	53.34%	22.42%	18.70%	12.61%	14.44%
Market Value	Dec 31 2020	7.06%	21.78%	53.31%	53.31%	22.48%	18.67%	12.52%	14.44%
Bloomberg Barclays U.S. Convertible Liquid Bond Index	Dec 31 2020	7.10%	21.92%	54.45%	54.45%	23.03%	19.33%	13.18%	15.44%
Fund After Tax
Return after Taxes on Distributions	Dec 31 2020	6.66%	20.91%	51.62%	51.62%	20.62%	16.88%	10.75%	12.55%
Return after Taxes on Distributions and Sale of Fund Shares	Dec 31 2020	4.27%	12.80%	31.41%	31.41%	16.82%	14.16%	9.39%	11.13%
Bloomberg Barclays U.S. Convertible Liquid Bond Index	Dec 31 2020	7.10%	21.92%	54.45%	54.45%	23.03%	19.33%	13.18%	15.44%

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized. Performance is shown net of fees.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.40%

Top Holdings
Subject to change.

Top Holdings

Fund Top Holdingsas of Jan 22 2021

Fund Top Holdings as of Jan 22 2021

Name	Market Value	ISIN	Weight
TESLA INC 2 05/15/2024	374,827,658.89	US88160RAG65	5.26%
TESLA INC 2.375 03/15/2022	156,830,896.80	US88160RAD35	2.20%
WELLS FARGO & COMPANY 7.5 12/31/2049	122,030,975.93	US9497468044	1.71%
BROADCOM INC 8 12/31/2049	117,371,434.00	US11135F2002	1.65%
SEA LTD 1 12/01/2024	109,255,936.92	US81141RAD26	1.53%
TESLA INC 1.25 03/01/2021	107,591,801.40	US88160RAC51	1.51%
NIO INC 4.5 02/01/2024	97,384,525.20	US62914VAB27	1.37%
BANK OF AMERICA CORP 7.25 12/31/2049	94,597,502.45	US0605056821	1.33%
PINDUODUO INC 0 10/01/2024	83,070,204.00	US722304AB82	1.17%
MERCADOLIBRE INC 2 08/15/2028	82,851,187.58	US58733RAD44	1.16%

Download All Holdings: Daily

Sector Allocation

Fund Sector Breakdownas of Jan 22 2021

Index Sector Breakdownas of Jan 22 2021

Fund Sector Breakdown as of Jan 22 2021

Sector	Weight
Corporate - Industrial	88.91%
Corporate - Utility	5.52%
Corporate - Finance	5.48%
Cash	0.09%

Index Sector Breakdown as of Jan 22 2021

Sector	Weight
Corporate - Industrial	88.70%
Corporate - Finance	5.72%
Corporate - Utility	5.59%

Quality Breakdown

Fund Quality Breakdownas of Jan 22 2021

Index Quality Breakdownas of Jan 22 2021

Fund Quality Breakdown as of Jan 22 2021

Name	Weight
Aaa	0.09%
A	0.88%
Baa	9.75%
Below BAA	15.58%
Not Rated	73.69%

Index Quality Breakdown as of Jan 22 2021

Name	Weight
A	0.93%
Baa	10.19%
Below BAA	15.08%
Not Rated	73.81%

Maturity Ladder

Fund Maturity Ladderas of Jan 22 2021

Index Maturity Ladderas of Jan 22 2021

Fund Maturity Ladder as of Jan 22 2021

Name	Weight
0 - 1 Year	4.78%
1 - 2 Years	11.20%
2 - 3 Years	17.08%
3 - 5 Years	42.81%
5 - 7 Years	15.16%
7 - 10 Years	2.69%
10 - 15 Years	0.60%
15 - 20 Years	0.34%
20 - 30 Years	1.87%

Index Maturity Ladder as of Jan 22 2021

Name	Weight
0 - 1 Year	4.14%
1 - 2 Years	10.77%
2 - 3 Years	17.57%
3 - 5 Years	42.14%
5 - 7 Years	16.11%
7 - 10 Years	2.72%
10 - 15 Years	0.57%
15 - 20 Years	0.33%
20 - 30 Years	1.97%

Fund Documents

Tax Documents

Information & Schedules

Notice to APs - Impact of Payment Received 01.14.21

Insights & Resources

SPDR Fixed Income ETF Dashboard

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.

Fund Footnotes

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays Convertible Securities ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

BLOOMBERG^®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS^®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

SPDR® Bloomberg Barclays Convertible Securities ETF CWB

Important Risk Disclosure

Key Features

About this Benchmark

Fund Information as of Jan 22 2021

Listing Information as of Jan 22 2021

Fund Characteristics as of Jan 22 2021

Index Characteristics as of Jan 22 2021

Yields as of Jan 22 2021

Fund Market Price as of Jan 22 2021

Number of Days Summary

Fund Net Cash Amount as of Jan 22 2021

Fund Net Asset Value as of Jan 22 2021

Fund Performance

Top Holdings
Subject to change.

Fund Top Holdings as of Jan 22 2021

Sector Allocation

Fund Sector Breakdown as of Jan 22 2021

Index Sector Breakdown as of Jan 22 2021

Quality Breakdown

Fund Quality Breakdown as of Jan 22 2021

Index Quality Breakdown as of Jan 22 2021

Maturity Ladder

Fund Maturity Ladder as of Jan 22 2021

Index Maturity Ladder as of Jan 22 2021

Purchase Information

SPDR® Bloomberg Barclays Convertible Securities ETF CWB

Important Risk Disclosure

Key Features

About this Benchmark

Fund Information as of Jan 22 2021

Listing Information as of Jan 22 2021

Fund Characteristics as of Jan 22 2021

Index Characteristics as of Jan 22 2021

Yields as of Jan 22 2021

Fund Market Price as of Jan 22 2021

Number of Days Summary

Fund Net Cash Amount as of Jan 22 2021

Fund Net Asset Value as of Jan 22 2021

Fund Performance

Top HoldingsSubject to change.

Fund Top Holdings as of Jan 22 2021

Sector Allocation

Fund Sector Breakdown as of Jan 22 2021

Index Sector Breakdown as of Jan 22 2021

Quality Breakdown

Fund Quality Breakdown as of Jan 22 2021

Index Quality Breakdown as of Jan 22 2021

Maturity Ladder

Fund Maturity Ladder as of Jan 22 2021

Index Maturity Ladder as of Jan 22 2021

Purchase Information

Top Holdings
Subject to change.