State Street SPDR Bloomberg Convertible Securities ETF
CWB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Apr 16, 2009
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Bloomberg Convertible Securities ETF (CWB) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Convertible Liquid Bond Index. The fund invests substantially all of its assets in U.S. dollar-denominated convertible securities, including convertible bonds and convertible preferred stock meeting specific criteria such as an issue amount of at least $350 million, a par amount outstanding of at least $250 million, non-called and non-defaulted status, and at least 31 days until maturity; these securities span investment grade, below investment grade, and unrated categories across sectors like technology (28.37%), consumer cyclical (19.97%), finance (13.60%), and utilities (10.56%), with a portfolio of approximately 312 holdings, an option-adjusted duration of 1.48 years, and an option-adjusted spread of 195.9 basis points. CWB distributes dividends monthly, with a gross expense ratio of 0.40% and a 30-day SEC yield of 1.78% as of June 30, 2025. Launched on April 14, 2009, and issued by State Street Global Advisors (SSGA), a business of State Street Corporation headquartered in Boston, Massachusetts, CWB primarily serves investors seeking exposure to the U.S. convertible securities market, which combines fixed-income characteristics with equity conversion options. The fund operates within the fixed-income segment focused on convertible bonds, targeting institutional and retail investors through NYSE Arca listing under the ticker CWB (CUSIP: 78464A359). Prior to October 31, 2021, the fund was known as the SPDR Bloomberg Barclays Convertible Securities ETF, reflecting a rebranding aligned with changes to the underlying index, which was previously the Bloomberg Barclays U.S. Convertible Liquid Bond Index before August 24, 2021. In January 2025, SSGA announced a partnership with BUX, a European neo-broker, to expand access to SPDR ETFs including CWB equivalents for European retail investors, enhancing distribution through personalized investment plans and educational content. The fund continues monthly rebalancing to track its benchmark, with no reported acquisitions, funding rounds, or major structural reorganizations in the last two years.