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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 332 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.-3.37%
Last price
$104.38
1M perf.
-5.36%
1M flows
-€47M
AuM
€5.28B
TER
0.4%
Rating
Not rated
CWB
$104.38
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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CWB
$104.65
+12.43%
Convertible Bonds
+13.76%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.36%  | +12.43% | +28.42% | +57.85% | +33.29% | -2.83% | -2.83% | +18.14% | |
| 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
€5.28B
TER
0.4%
Replication rating
Not rated
More details
NAV
7/2/2026
$104.65
1D NAV change
-1.34%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
332
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 | +12.43% | +28.42% | +57.85% | +33.29% |
| 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
40.77%
Unavailable
58.28%
Other
0.95%
Sectors
It equipment
6.79%
It services and computer programming
4.07%
Finance
3.52%
Technology
3.42%
Power
2.69%
Industrials
2.46%
Telecommunication equipment
2.17%
Real estate investment and services
2.12%
Unavailable
58.28%
Other
14.48%
Diversification
Total weight of top 15 holdings out of 332
Top 15 holdings
Data as of May 31, 2026
Western Digital, 3% 15nov2028, USD (Conv.)
The Boeing Co.
US01609WBG69
Oracle Corp.
US55024UAJ88
Lumentum Holdings, 0.5% 15jun2028, USD (Conv.)
US21873SAH13
Wells Fargo & Co.
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US093712AN72
US63954QAJ58
Seagate HDD Cayman, 3.5% 1jun2028, USD (Conv.)
Bank of America Corp.
US46270CAL37
US21873SAD09
Hewlett Packard Enterprise Co.
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of June 30, 2026
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CWB
N/A
Replication quality
Calculated over 12m, as of June 30, 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
379
Total AuM
€1.97T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2575%
Top 5 funds by State Street Investment Management
| AuM | ||
|---|---|---|
SPY | State Street SPDR S&P 500 ETF Trust | €684.16B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €135.96B |
GLD | State Street SPDR Gold Shares ETF | €116.24B |
XLK | State Street Technology Select Sector SPDR ETF | €102.78B |
XLF | State Street Financial Select Sector SPDR ETF | €46.76B |
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 €5.28B in assets as of July 2, 2026.
How has CWB performed lately?
Based on data from July 2, 2026, CWB returned -5.36% over the past month, 12.43% over the last three months and 18.14% year-to-date.
What are the latest inflows or outflows for CWB?
As of July 2, 2026, CWB recorded net flows of -€48M over the last month and +€590M year-to-date.
Does CWB distribute dividends?
CWB follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 1.42%.
What are the main country or region exposures of CWB?
As of May 31, 2026, CWB has significant geographic allocations in USA.
In which sector or theme does CWB invest in?
As of May 31, 2026, CWB focuses largely on It equipment, It services and computer programming and Finance.
How many securities does CWB hold and how diversified is it?
As of May 31, 2026, CWB holds 332 positions in its portfolio, with 22.15% of assets concentrated in its top 15 holdings.
What are the main positions in CWB?
As of May 31, 2026, CWB top three holdings include Western Digital, 3% 15nov2028, USD (Conv.), The Boeing Co. and US01609WBG69.
What is the base currency of CWB?
The base currency of CWB is USD.
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