CWBState Street SPDR Bloomberg Convertible Securities ETF

Get income17y track recordRanked #189 of 1,622 in this goal

Seeks to provide investment results that correspond to the price and yield performance of an index tracking U.S. convertible securities.

By State Street Investment Management · Launched 2009

Annual Cost

0.40%

#2,058 of 5,562 · average

Fund Size

$6.2B

#390 of 5,562 · large

Dividend YieldGoal

1.37%

Track Record

17 years

#662 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$13,743+37.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Bloomberg US Convertible Liquid Bond Index

What it actually holds

By weight

Concentration

Top 10 holdings = 18.4% of fund✓ well diversified

State Street Global Advisors

5.2%

BOEING CO/THE

2.3%

ALIBABA GROUP HOLDING

2.3%

WESTERN DIGITAL CORP

2.2%

WELLS FARGO & COMPANY

1.5%

Bank of America Corp

1.2%

SEAGATE HDD CAYMAN

1.0%

LUMENTUM HOLDINGS INC

1.0%

DOORDASH INC

0.9%

ALBEMARLE CORP

0.8%

Asset allocation

Convertible

85.7%

Preferred

10.4%

Stocks

2.8%

Bonds

0.8%

Cash

0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

15.1%Moderate

Year-on-year price swings

Max drawdown

-32.1%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.22Strong risk-adjusted returns

Sortino (3Y)

1.76Good downside protection

Bond profile

Duration

2.0 years

Credit ratings

AAA

0.8%

4.3%

BBB

13.8%

2.1%

1.1%

Below B

0.1%

Other

77.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide investment results that correspond to the price and yield performance of an index tracking U.S. convertible securities.
Strategy: Invests primarily in securities comprising the Bloomberg U.S. Convertible Liquid Bond Index using a sampling strategy. The Fund may hold a subset of the Index securities to match the risk and return characteristics of the Index, investing at least 80% of assets in these securities.
Inception date: April 14, 2009
Fund family: State Street Investment Management