SPDR® Bloomberg Barclays Convertible Securities ETF CWB

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$45.93

as of Apr 03 2020

Base Currency

USD

Assets Under Management

$3,343.58 M

as of Apr 03 2020

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%


Key Features

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

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 Apr 03 2020

Fund Information as of Apr 03 2020
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 Apr 03 2020

Listing Information as of Apr 03 2020
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 Apr 03 2020

Fund Characteristics as of Apr 03 2020
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.

210 2.62% 4.67 $221.50 2.80%
Number of Holdings 210
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

2.62%
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.

4.67
Average Price $221.50
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.

2.80%

Index Characteristics as of Apr 03 2020

Index Characteristics as of Apr 03 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Current Yield
203 2.60% 4.63 $219.63 2.80%
Number of Holdings 203
Average Coupon 2.60%
Average Maturity in Years 4.63
Average Price $219.63
Current Yield 2.80%

Yields as of Apr 03 2020

Yields as of Apr 03 2020
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.

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.

3.02% 3.68%
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.

3.02%
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.

3.68%

Fund Market Price as of Apr 03 2020

Fund Market Price as of Apr 03 2020
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 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)

$45.16 $45.25 $45.88 $44.85 173,634 -1.67%
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 a given security.

$45.16
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$45.25
Day High $45.88
Day Low $44.85
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

173,634
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)

-1.67%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    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 Apr 03 2020

    Fund Net Cash Amount as of Apr 03 2020
    Net Cash Amount
    -$4,694,570.04
    Net Cash Amount -$4,694,570.04

    Fund Net Asset Value as of Apr 03 2020

    Fund Net Asset Value as of Apr 03 2020
    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
    $45.93 72.80 M $3,343.58 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $45.93
    Shares Outstanding 72.80 M
    Assets Under Management $3,343.58 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Apr 14 2009
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 14 2009
    Fund Before Tax
    NAV Feb 29 2020 -3.45% -0.24% -0.24% 8.91% 9.69% 8.18% 9.23% 11.16%
    Market Value Feb 29 2020 -3.30% -0.09% -0.09% 9.21% 9.69% 8.27% 9.23% 11.18%
    Bloomberg Barclays U.S. Convertible Liquid Bond Index Feb 29 2020 -3.06% 0.19% 0.19% 9.65% 10.49% 8.78% 9.81% 12.17%
    Fund After Tax
    Return after Taxes on Distributions Feb 29 2020 -3.51% -0.30% -0.30% 7.67% 7.93% 6.28% 7.39% 9.28%
    Return after Taxes on Distributions and Sale of Fund Shares Feb 29 2020 -2.04% -0.14% -0.14% 5.38% 6.79% 5.60% 6.65% 8.34%
    Bloomberg Barclays U.S. Convertible Liquid Bond Index Feb 29 2020 -3.06% 0.19% 0.19% 9.65% 10.49% 8.78% 9.81% 12.17%
    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 2019 3.00% 7.64% 22.44% 22.44% 11.62% 8.87% 9.32% 11.36%
    Market Value Dec 31 2019 2.92% 7.53% 22.21% 22.21% 11.51% 8.78% 9.22% 11.36%
    Bloomberg Barclays U.S. Convertible Liquid Bond Index Dec 31 2019 2.97% 7.93% 22.78% 22.78% 12.26% 9.33% 9.89% 12.35%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 2.47% 6.95% 21.05% 21.05% 9.83% 6.96% 7.48% 9.46%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 1.83% 4.60% 13.40% 13.40% 8.31% 6.16% 6.72% 8.49%
    Bloomberg Barclays U.S. Convertible Liquid Bond Index Dec 31 2019 2.97% 7.93% 22.78% 22.78% 12.26% 9.33% 9.89% 12.35%

    as of Feb 29 2020

    as of Dec 31 2019

    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.

    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

    Subject to change.

    Fund Top Holdingsas of Apr 03 2020

    Fund Top Holdings as of Apr 03 2020

    Name Market Value ISIN Weight
    WELLS FARGO & COMPANY 7.5 12/31/2049 109,755,062.92 US9497468044 3.30%
    BANK OF AMERICA CORP 7.25 12/31/2049 87,376,209.98 US0605056821 2.63%
    BROADCOM INC 8 12/31/2049 78,239,238.00 US11135F2002 2.35%
    TESLA INC 2 05/15/2024 70,208,542.27 US88160RAG65 2.11%
    BECTON DICKINSON AND CO 6.125 12/31/2049 61,078,768.40 US0758872081 1.84%
    DISH NETWORK CORP 3.375 08/15/2026 53,675,915.40 US25470MAB54 1.61%
    CROWN CASTLE INTL CORP 6.875 12/31/2049 47,396,299.50 US22822V3096 1.42%
    MICROCHIP TECHNOLOGY INC 1.625 02/15/2027 46,841,904.17 US595017AF11 1.41%
    NEXTERA ENERGY INC 5.279 12/31/2049 45,786,661.00 US65339F7704 1.38%
    TESLA INC 1.25 03/01/2021 43,158,833.33 US88160RAC51 1.30%
    Download All Holdings: Daily

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 03 2020
    Index Sector Breakdownas of Apr 03 2020

    Fund Sector Breakdown as of Apr 03 2020

    Sector Weight
    Corporate - Industrial 82.94%
    Corporate - Finance 9.21%
    Corporate - Utility 7.64%
    Cash 0.21%
    Other 0.00%

    Index Sector Breakdown as of Apr 03 2020

    Sector Weight
    Corporate - Industrial 83.19%
    Corporate - Finance 9.00%
    Corporate - Utility 7.81%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 03 2020
    Index Quality Breakdownas of Apr 03 2020

    Fund Quality Breakdown as of Apr 03 2020

    Name Weight
    Aaa 0.21%
    A 1.70%
    Baa 15.95%
    Below Baa 19.07%
    Not Rated 63.07%

    Index Quality Breakdown as of Apr 03 2020

    Name Weight
    A 1.75%
    Baa 15.71%
    Below Baa 18.94%
    Not Rated 63.60%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 03 2020
    Index Maturity Ladderas of Apr 03 2020

    Fund Maturity Ladder as of Apr 03 2020

    Name Weight
    0 - 1 Year 8.88%
    1 - 2 Years 9.44%
    2 - 3 Years 18.28%
    3 - 5 Years 33.60%
    5 - 7 Years 15.17%
    7 - 10 Years 3.66%
    15 - 20 Years 1.74%
    20 - 30 Years 2.49%
    > 30 Years 0.39%

    Index Maturity Ladder as of Apr 03 2020

    Name Weight
    0 - 1 Year 8.78%
    1 - 2 Years 9.60%
    2 - 3 Years 18.13%
    3 - 5 Years 34.11%
    5 - 7 Years 15.09%
    7 - 10 Years 3.57%
    15 - 20 Years 1.73%
    20 - 30 Years 2.46%
    > 30 Years 0.34%

    Purchase Information

    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.