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CWB ETF · SPDR Bloomberg Convertible Securities ETF
The CWB Exchange Traded Fund (ETF) is provided by SPDR. 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 331 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
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This fund is part ofConvertible Bonds1M perf.-1.22%
Last price
$92.05
1M perf.
-2.26%
1M flows
+€145M
AuM
€4.51B
E/R
0.4%
Rating
Not rated
ESG Consensus®
CWB
$92.05
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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CWB
$92.25
+3.79%
Convertible Bonds
+4.34%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.26% | +3.79% | +23.13% | +49.00% | +17.19% | -2.03% | +3.66% | +3.66% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
78464A359
ISIN
US78464A3591
AuM
€4.51B
E/R
0.4%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/13/2026
$92.25
1D NAV change
+0.16%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
331
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
Benchmark
Bloomberg U.S. Convertible Liquid Bond Index
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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Advanced replication analysis
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Enterprise
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +3.79% | +23.13% | +49.00% | +17.19% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
97.37%
Unavailable
0.57%
Other
2.06%
Sectors
It services and computer programming
6.83%
It equipment
4.98%
Power
4.33%
Pharmaceutical preparation and biotechnology
3.48%
Telecommunication equipment
2.92%
Real estate investment and services
2.65%
Financials
2.52%
Motor vehicle production
2.27%
Unavailable
56.35%
Other
13.67%
Diversification
Total weight of top 15 holdings out of 331
Top 15 holdings
Data as of January 31, 2026
Western Digital, 3% 15nov2028, USD (Conv.)
US01609WBG69
US0970232049
WELLS 7.50% NON CUM PERP SRS L PRF
Seagate HDD Cayman, 3.5% 1jun2028, USD (Conv.)
BANK OF AMERICA CORP - PREFFERED L
Lumentum Holdings, 1.5% 15dec2029, USD (Conv.)
US0126532003
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US21873SAD09
US55024UAJ88
US36467WAF68
US093712AN72
US25809KAA34
US48251W5004
Lumentum Holdings, 0.5% 15jun2028, USD (Conv.)
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
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
54.36% of holdings have positive scoring
46.21% of holdings have negative scoring
10.76%
28.92%
14.67%
7.43%
22.35%
16.43%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg U.S. Convertible Liquid Bond unhedged Total Return Index - USD
Index ticker
BCS5TRUU Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
SPDR
SPDR ID Card
Number of funds
369
Total AuM
€1.75T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2585%
Top 5 funds by SPDR
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XLK | State Street Technology Select Sector SPDR ETF | €75.94B |
XLF | State Street Financial Select Sector SPDR ETF | €39.17B |
Frequently asked questions about CWB
What does 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?
SPDR Bloomberg Convertible Securities ETF, CWB, is provided by SPDR. Learn more about SPDR here.
What is the current assets under management (AUM) of CWB?
CWB oversees €4.51B in assets as of March 13, 2026.
How has CWB performed lately?
Based on data from March 13, 2026, CWB returned -2.26% over the past month, 3.79% over the last three months and 3.66% year-to-date.
What are the latest inflows or outflows for CWB?
As of March 13, 2026, CWB recorded net flows of +€145M over the last month and +€423M year-to-date.
Does CWB distribute dividends?
CWB follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 1.62%.
What are the main country or region exposures of CWB?
As of January 31, 2026, CWB has significant geographic allocations in USA.
In which sector or theme does CWB invest in?
As of January 31, 2026, CWB focuses largely on It services and computer programming, It equipment and Power.
How many securities does CWB hold and how diversified is it?
As of January 31, 2026, CWB holds 331 positions in its portfolio, with 19.02% of assets concentrated in its top 15 holdings.
What are the main positions in CWB?
As of January 31, 2026, CWB top three holdings include Western Digital, 3% 15nov2028, USD (Conv.), US01609WBG69 and US0970232049.
What is the base currency of CWB?
The base currency of CWB is USD.
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