SPDR Bloomberg Convertible Securities ETF
$CWB · State Street · tracks Bloomberg US Convertible Liquid Bond Index · since 2009
Dividend yield
2.88%
Expense ratio
0.40%
Assets
$3.8B
About CWB
Holds U.S. convertible bonds — corporate debt that can be converted into equity. CWB is the largest convertibles ETF and offers a hybrid profile with bond-like downside and equity-like upside, often issued by growth and tech companies.
Sector exposure
- Technology32.4%
- Consumer Discretionary14.6%
- Healthcare13.2%
- Industrials10.4%
- Communication Services8.8%
- Utilities7.4%
- Financials6.8%
- Other6.4%
How StockWorthy analyses CWB
ETFs hold companies rather than generating cash flow themselves, so CWB is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 2.38% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.
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