CWB: SPDR® Bloomberg Barclays Convertible Securities ETF - MutualFunds.com
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SPDR® Blmbg Barclays Convert Secs ETF

CWB - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 22.3%
  • 5 Yr Annualized Return 19.3%
  • Net Assets $6.8 B
  • Holdings in Top 10 11.6%

52 WEEK LOW AND HIGH

$85.67
$64.80
$92.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Convertibles

Compare CWB to Popular Convertible Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$86.27

+0.70%

$6.80 B

2.21%

$1.89

3.95%

0.40%

$30.00

+0.71%

$5.23 B

0.88%

$0.26

6.01%

0.84%

$44.98

+0.69%

$2.99 B

0.69%

$0.31

4.19%

0.71%

$29.12

+0.69%

$2.66 B

0.90%

$0.26

-3.06%

1.12%

$42.51

+0.66%

$2.18 B

2.49%

$1.05

6.33%

0.63%

CWB - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 22.3%
  • 5 Yr Annualized Total Return 19.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR® Bloomberg Barclays Convertible Securities ETF
  • Fund Family Name
    SPDR State Street Global Advisors
  • Inception Date
    Apr 14, 2009
  • Shares Outstanding
    78300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Brunell

Fund Description

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock.


CWB - Performance

Return Ranking - Trailing

Period CWB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -4.5% 8.1% 46.15%
1 Yr 47.7% 17.7% 53.1% 12.09%
3 Yr 22.3%* 7.4% 25.3% 40.24%
5 Yr 19.3%* 7.3% 21.7% 33.33%
10 Yr 12.8%* 6.0% 13.6% 13.33%

* Annualized

Return Ranking - Calendar

Period CWB Return Category Return Low Category Return High Rank in Category (%)
2020 49.2% -4.1% 54.0% 2.41%
2019 18.6% 4.5% 24.4% 31.25%
2018 -7.5% -15.4% -2.5% 35.06%
2017 10.8% -7.8% 15.4% 33.33%
2016 5.5% 0.4% 14.2% 49.32%

Total Return Ranking - Trailing

Period CWB Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -4.5% 8.1% 39.56%
1 Yr 47.7% 13.8% 51.0% 7.61%
3 Yr 22.3%* 7.3% 25.3% 34.12%
5 Yr 19.3%* 7.0% 21.7% 29.76%
10 Yr 12.8%* 6.0% 13.6% 12.00%

* Annualized

Total Return Ranking - Calendar

Period CWB Return Category Return Low Category Return High Rank in Category (%)
2020 49.2% -4.1% 54.0% 2.41%
2019 18.6% 4.5% 24.4% 31.25%
2018 -7.5% -15.4% 4.5% 72.73%
2017 10.8% 1.8% 18.4% 60.00%
2016 5.5% 0.4% 16.5% 68.49%

CWB - Holdings

Concentration Analysis

CWB Category Low Category High CWB % Rank
Net Assets 6.8 B 22.8 M 6.8 B 1.16%
Number of Holdings 305 10 379 9.47%
Net Assets in Top 10 774 M -11.6 M 1.23 B 5.26%
Weighting of Top 10 11.60% 9.7% 100.0% 97.89%

Top 10 Holdings

  1. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.88%
  2. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 1.75%
  3. SEA LTD 1% 1.38%
  4. Tesla Inc 1.25% 1.36%
  5. Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 1.35%
  6. Sea Ltd 1% 1.32%
  7. Nio Inc 4.5% 1.23%
  8. Tesla Inc 2% 1.23%
  9. Mercadolibre Inc 2% 1.11%
  10. Sea Ltd 2.38% 1.09%

Asset Allocation

Weighting Return Low Return High CWB % Rank
Convertible Bonds
78.44% 1.87% 121.44% 57.89%
Preferred Stocks
13.61% 0.00% 25.22% 10.53%
Stocks
5.87% 0.00% 28.02% 48.42%
Other
1.10% -16.33% 1.10% 1.05%
Cash
0.98% 0.00% 39.87% 76.84%
Bonds
0.00% -26.84% 51.88% 70.53%

Stock Sector Breakdown

Weighting Return Low Return High CWB % Rank
Utilities
82.19% 0.00% 100.00% 4.60%
Industrials
9.10% 0.00% 100.00% 55.17%
Basic Materials
5.63% 0.00% 12.11% 16.09%
Healthcare
3.08% 0.00% 28.51% 65.52%
Technology
0.00% 0.00% 47.36% 58.62%
Real Estate
0.00% 0.00% 24.63% 42.53%
Financial Services
0.00% 0.00% 97.62% 51.72%
Energy
0.00% 0.00% 11.12% 57.47%
Communication Services
0.00% 0.00% 16.67% 49.43%
Consumer Defense
0.00% 0.00% 7.16% 41.38%
Consumer Cyclical
0.00% 0.00% 52.64% 43.68%

Stock Geographic Breakdown

Weighting Return Low Return High CWB % Rank
US
5.51% 0.00% 27.66% 48.42%
Non US
0.36% 0.00% 4.48% 25.26%

CWB - Expenses

Operational Fees

CWB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.20% 2.97% 97.75%
Management Fee 0.40% 0.20% 1.33% 3.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

CWB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CWB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CWB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 32.46% 242.00% 10.59%

CWB - Distributions

Dividend Yield Analysis

CWB Category Low Category High CWB % Rank
Dividend Yield 2.21% 0.00% 0.77% 5.26%

Dividend Distribution Analysis

CWB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

CWB Category Low Category High CWB % Rank
Net Income Ratio 0.62% -14.00% 7.18% 71.43%

Capital Gain Distribution Analysis

CWB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

CWB - Fund Manager Analysis

Managers

Michael Brunell


Start Date

Tenure

Tenure Rank

Apr 14, 2009

12.22

12.2%

Mike Brunell, CFA, is a Vice President of SSGA and has been a member of the Fixed Income portfolio management team since 2004. In his current role as part of the Beta Solutions Group, he is responsible for developing and managing various funds and ETFs against a variety of conventional and custom bond index strategies. Previously, Mr. Brunell was responsible for managing the U.S. Bond Operations group which he had been a member of since 1997. He started his career in the investment management field when he joined the Mutual Fund Custody division of State Street in 1993. In this role he focused on the accounting and the valuation of various domestic and international equity and bond portfolios. Mr. Brunell earned a BS in Business Administration from Saint Michael's College and a MSF degree from Boston College. Additionally he earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.

Christopher DiStefano


Start Date

Tenure

Tenure Rank

Feb 03, 2016

5.41

5.4%

Christopher DiStefano is a Vice President of SSGA and a Portfolio Manager in the Fixed Income Beta Solutions Group within the Fixed Income, Cash and Currency Team. He joined the firm in 2010 and is responsible for managing several funds and ETFs within the investment-grade credit, government/credit, and short duration sectors. Prior to his current role, Mr. DiStefano was a member of the Global Graduate Rotational Program at SSGA, a two year cross-functional program engineered to provide candidates with a diverse skill set and a broad perspective. Previously, Mr. DiStefano worked as an engineer within the real estate development and transportation industries. Mr. DiStefano holds a Master of Business Administration from the Carroll School of Management at Boston College, and a Master of Science and Bachelor of Science in Civil Engineering from the University of Illinois and Union College, respectively.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 36.05 10.01 6.5