Symbols

CWB

State Street SPDR Bloomberg Convertible Securities ETF·NYSE

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Key Stats

Assets Under Management

5.04BUSD

Fund Flows (1Y)

142.58MUSD

Dividend Yield

1.73%

Discount/Premium to NAV

-0.16%

Shares Outstanding

55.10M

Expense Ratio

0.40%

About State Street SPDR Bloomberg Convertible Securities ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-bloomberg-convertible-securities-etf-cwb

Inception Date

Apr 14, 2009

Structure

Open-Ended Fund

Index Tracked

Bloomberg U.S. Convertible Liquid Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

CWB represents the US convertible securities space with a market-value-weighted and market-value-selected portfolio. The fund only selects convertible securities, such as convertible bonds and convertible preferred stock with a minimum outstanding issue of USD 250 million, and must have at least 31 days until maturity. The securities must be a non-called, non-defaulted security but may include investment grade, below investment grade or unrated securities. The index rebalances monthly.