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CWB ETF · State Street SPDR Bloomberg Convertible Securities ETF
The CWB Exchange Traded Fund (ETF) is provided by State Street Investment Management. It is built to track an index: Bloomberg U.S. Convertible Liquid Bond Index. The CWB ETF provides physical exposure, so by buying it you actually own parts of all the 324 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofConvertible Bonds1M perf.+2.87%
Last price
$105.23
1M perf.
+1.64%
1M flows
+€238M
AuM
€5.33B
TER
0.4%
Rating
Not rated
ESG Consensus®
CWB
$105.23
Performance & flows
Segment for quartile rank
March 5, 2026 → June 5, 2026
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CWB
$105.35
+13.59%
Convertible Bonds
+14.03%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +1.64%  | +13.59% | +32.89% | +64.53% | +38.18% | -2.24% | +15.59% | +18.83% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
CUSIP
78464A359
ISIN
US78464A3591
AuM
€5.33B
TER
0.4%
Replication rating
Not rated
ESG Consensus®
More details
NAV
6/5/2026
$105.35
1D NAV change
-3.92%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
324
Inception date
4/14/2009
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
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")
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +13.59% | +32.89% | +64.53% | +38.18% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
97.41%
Unavailable
1.37%
Other
1.22%
Sectors
It equipment
6.17%
It services and computer programming
4.43%
Power
3.26%
Real estate investment and services
2.39%
Financials
2.30%
Telecommunication equipment
2.29%
Pharmaceutical preparation and biotechnology
1.77%
Motor vehicle production
1.34%
Unavailable
65.60%
Other
10.47%
Diversification
Total weight of top 15 holdings out of 324
Top 15 holdings
Data as of April 30, 2026
Western Digital, 3% 15nov2028, USD (Conv.)
US0970232049
US01609WBG69
US55024UAJ88
Lumentum Holdings, 0.5% 15jun2028, USD (Conv.)
US68389X2045
WELLS 7.50% NON CUM PERP SRS L PRF
US21873SAH13
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US093712AN72
BANK OF AMERICA CORP - PREFFERED L
US0126532003
US21873SAD09
Seagate HDD Cayman, 3.5% 1jun2028, USD (Conv.)
US63954QAJ58
US36467WAF68
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of March 31, 2026
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about CWB ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
CWB’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
57.50% of holdings have positive scoring
43.90% of holdings have negative scoring
13.03%
30.75%
13.72%
7.70%
21.62%
14.59%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of May 29, 2026
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CWB
N/A
Replication quality
Calculated over 12m, as of May 29, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
State Street Investment Management
State Street Investment Management ID Card
Number of funds
376
Total AuM
€1.91T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.257%
Top 5 funds by State Street Investment Management
| AuM | ||
|---|---|---|
SPY | State Street SPDR S&P 500 ETF Trust | €662.35B |
GLD | State Street SPDR Gold Shares ETF | €126.33B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €124.52B |
XLK | State Street Technology Select Sector SPDR ETF | €101.44B |
SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | €44.25B |
Frequently asked questions about CWB
What does State Street SPDR Bloomberg Convertible Securities ETF, CWB, invest in?
CWB is a Passive ETF. This ETF provides exposure to US Mixed Ratings Corporate Bonds.
Which benchmark or index does CWB replicate?
CWB tracks the Bloomberg U.S. Convertible Liquid Bond unhedged Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of CWB?
CWB carries a total expense ratio (TER) of 0.4%, indicating the annual cost for holding the fund.
When was CWB launched?
CWB was introduced to the market on April 14, 2009. It trades on United States
Who is the ETF issuer of CWB?
State Street SPDR Bloomberg Convertible Securities ETF, CWB, is provided by State Street Investment Management. Learn more about State Street Investment Management here.
What is the current assets under management (AUM) of CWB?
CWB oversees €5.33B in assets as of June 5, 2026.
How has CWB performed lately?
Based on data from June 5, 2026, CWB returned 1.64% over the past month, 13.59% over the last three months and 18.83% year-to-date.
What are the latest inflows or outflows for CWB?
As of June 5, 2026, CWB recorded net flows of +€238M over the last month and +€685M year-to-date.
Does CWB distribute dividends?
CWB follows a distributing dividend policy, meaning it pays out income to investors. As of June 5, 2026, its 12-month trailing yield was 1.40%.
What are the main country or region exposures of CWB?
As of April 30, 2026, CWB has significant geographic allocations in USA.
In which sector or theme does CWB invest in?
As of April 30, 2026, CWB focuses largely on It equipment, It services and computer programming and Power.
How many securities does CWB hold and how diversified is it?
As of April 30, 2026, CWB holds 324 positions in its portfolio, with 22.63% of assets concentrated in its top 15 holdings.
What are the main positions in CWB?
As of April 30, 2026, CWB top three holdings include Western Digital, 3% 15nov2028, USD (Conv.), US0970232049 and US01609WBG69.
What is the base currency of CWB?
The base currency of CWB is USD.
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