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The Index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock. Convertible bonds are bonds that can be exchanged, at the option of the holder or issuer, for a specific number of shares of the issuer’s equity securities. Convertible preferred stock is preferred stock that includes an option for the holder to convert to common stock. The Index components are a subset of issues in the Bloomberg 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.
Benchmark | Bloomberg U.S. Convertible Liquid Bond Index |
Inception Date | Apr 14 2009 |
Options Available | Yes |
Gross Expense Ratio | 0.40% |
Base Currency | USD |
Administrator | State Street Global Advisors Funds Management Inc. |
Investment Manager | SSGA Funds Management, Inc. |
Management Team | Global Fixed Income, Cash and Currency |
Distributor | State Street Global Advisors Funds Distributors, LLC |
Distribution Frequency | Monthly |
Exchange | Listing Date | Trading Currency | Ticker | CUSIP | ISIN |
---|---|---|---|---|---|
NYSE ARCA EXCHANGE | Apr 16 2009 | USD | CWB | 78464A359 | US78464A3591 |
Number of Holdings | 302 |
Average Coupon | 1.88% |
Average Maturity in Years | 3.33 |
Average Price | $169.57 |
Current Yield | 1.83% |
Number of Holdings | 297 |
Average Coupon | 1.90% |
Average Maturity in Years | 3.33 |
Average Price | $172.19 |
Current Yield | 1.86% |
30 Day SEC Yield | 4.11% |
30 Day SEC Yield (Unsubsidized) | - |
Fund Distribution Yield | 2.21% |
Bid/Ask | $66.40 |
Closing Price | $66.37 |
Day High | $66.48 |
Day Low | $66.19 |
Exchange Volume (Shares) | 43,405 |
Premium/Discount | -0.28% |
30-Day Median Bid/Ask Spread | 0.14% |
Calendar Year 2022 | |
---|---|
Days Traded at Premium | 62 |
Days Traded at Discount | 189 |
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.
Net Cash Amount | $15,528,129.92 |
NAV | $66.59 |
Shares Outstanding | 53.00 M |
Assets Under Management | $3,529.48 M |
as of Feb 28 2023
As Of | 1 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Apr 14 2009 |
|
---|---|---|---|---|---|---|---|---|---|
Fund Before Tax | |||||||||
NAV | Feb 28 2023 | -1.59% | 4.32% | 4.32% | -10.37% | 9.19% | 8.68% | 9.55% | 10.73% |
Market Value | Feb 28 2023 | -1.81% | 4.12% | 4.12% | -10.53% | 8.99% | 8.64% | 9.49% | 10.70% |
Benchmark | Feb 28 2023 | -1.53% | 4.38% | 4.38% | -9.87% | 9.86% | 9.34% | 10.26% | 11.67% |
Fund After Tax | |||||||||
Return after Taxes on Distributions | Feb 28 2023 | -1.62% | 4.28% | 4.28% | -11.07% | 8.30% | 7.43% | 7.88% | 9.07% |
Return after Taxes on Distributions and Sale of Fund Shares | Feb 28 2023 | -0.94% | 2.56% | 2.56% | -6.07% | 6.85% | 6.30% | 6.96% | 8.15% |
Benchmark | Feb 28 2023 | -1.53% | 4.38% | 4.38% | -9.87% | 9.86% | 9.34% | 10.26% | 11.67% |
as of Dec 31 2022
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 2022 | -2.62% | 2.19% | -20.60% | -20.60% | 7.57% | 8.30% | 9.48% | 10.52% |
Market Value | Dec 31 2022 | -2.71% | 2.79% | -20.71% | -20.71% | 7.51% | 8.29% | 9.45% | 10.51% |
Benchmark | Dec 31 2022 | -2.58% | 2.26% | -20.06% | -20.06% | 8.37% | 8.94% | 10.17% | 11.47% |
Fund After Tax | |||||||||
Return after Taxes on Distributions | Dec 31 2022 | -2.91% | 1.80% | -21.21% | -21.21% | 6.69% | 7.05% | 7.80% | 8.85% |
Return after Taxes on Distributions and Sale of Fund Shares | Dec 31 2022 | -1.52% | 1.34% | -12.11% | -12.11% | 5.59% | 6.01% | 6.91% | 7.97% |
Benchmark | Dec 31 2022 | -2.58% | 2.26% | -20.06% | -20.06% | 8.37% | 8.94% | 10.17% | 11.47% |
Past performance is not a reliable indicator of future performance. 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. All results are historical and assume the reinvestment of dividends and capital gains. 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.
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%
Name | Market Value | ISIN | Weight |
---|---|---|---|
WELLS FARGO & COMPANY 7.5 12/31/2049 | 72,397,454.92 | US9497468044 | 2.06% |
PALO ALTO NETWORKS 0.375 06/01/2025 | 63,854,700.28 | US697435AF27 | 1.82% |
PALO ALTO NETWORKS 0.75 07/01/2023 | 59,726,008.77 | US697435AD78 | 1.70% |
BANK OF AMERICA CORP 7.25 12/31/2049 | 57,983,679.60 | US0605056821 | 1.65% |
2020 CASH EXCH TRUST 5.25 12/31/2049 | 37,719,820.80 | US9013751055 | 1.07% |
SEA LTD 0.25 09/15/2026 | 36,450,472.36 | US81141RAG56 | 1.04% |
PG&E CORP 5.5 12/31/2049 | 36,062,318.40 | US69331C1403 | 1.03% |
FORD MOTOR COMPANY 0 03/15/2026 | 35,918,192.00 | US345370CZ16 | 1.02% |
DEXCOM INC 0.75 12/01/2023 | 35,409,899.54 | US252131AH00 | 1.01% |
NEXTERA ENERGY INC 6.219 12/31/2049 | 31,595,432.22 | US65339F7399 | 0.90% |
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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.
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 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®" and Bloomberg U.S. Convertible Liquid Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR Bloomberg Convertible Securities ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Convertible Securities ETF.
Prior to 10/31/2021, the SPDR Bloomberg Convertible Securities ETF was known as the SPDR Bloomberg Barclays Convertible Securities ETF.
Prior to 8/24/2021, the Bloomberg U.S. Convertible Liquid Bond Index was known as the Bloomberg Barclays U.S. Convertible Liquid Bond Index.