ATLASSPDR Bloomberg Convertible Securities ETF (CWB): outlook, holdings and fees
SPDR Bloomberg Convertible Securities ETF (CWB) is an exchange-traded fund and is managed by State Street Investment Management. The expense ratio is 0.38% and the yield is 1.52%. The ten largest holdings are 8% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on CWB
| Last price | $94.04 (-0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $91.74 – $97.30 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 1.52% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
CWB fund facts
| Issuer | State Street Investment Management |
|---|---|
| Theme | Corporate bonds |
| Assets under management | $5.5B |
| Expense ratio | 0.38% |
| Number of holdings | 6 |
| Portfolio turnover | 7% |
| Inception | Apr 14, 2009 |
| Exchange | NYSE |
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock.
CWB top holdings
| Holding | Sector | Weight |
|---|---|---|
| GOOGN GOOGN | – | 2.40% |
| GOOGM GOOGM | – | 2.26% |
| Super Micro Computer, Inc. Depositary Shares representing a 1/20th Interest in a Share of 7% Series A Mandatory Convertible Preferred Stock SMCIP | Technology | 1.25% |
| Wells Fargo & Company WFC-PL | Financial Services | 1.07% |
| Bank of America Corporation BAC-PL | Financial Services | 0.91% |
| Microchip Technology Incorporated MCHPP | Technology | 0.46% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
CWB sector breakdown
| Sector | Weight |
|---|---|
| Utilities | 85.2% |
| Technology | 11.4% |
| Industrials | 3.5% |
By region: North America 100.0%.
CWB returns and risk
| Year to date | +14.4% |
|---|---|
| 1 year | +11.1% |
| 3 years (annualised) | +16.4% |
| 5 years (annualised) | +5.2% |
| 10 years (annualised) | +11.5% |
| Volatility (3 years) | 11.7% |
| Sharpe ratio (3 years) | 0.91 |
Past returns do not guarantee future results.
CWB: frequently asked questions
What does CWB invest in?
SPDR Bloomberg Convertible Securities ETF invests in a portfolio of securities. Its largest holdings are GOOGN (2.4%), GOOGM (2.3%), Super Micro Computer, Inc. Depositary Shares representing a 1/20th Interest in a Share of 7% Series A Mandatory Convertible Preferred Stock (1.3%), Wells Fargo & Company (1.1%), Bank of America Corporation (0.9%).
What is the CWB expense ratio?
0.38% a year: about $38.00 for every $10,000 invested.
What is the CWB dividend yield?
1.52%. ATLAS does not hold the exact distribution dates for ETFs.
Will CWB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $91.74 to $97.30 from $94.04 today. It is a probability, not a prediction.
How has CWB performed?
Year to date +14.4%, one year +11.1%, three years +16.4% a year, five years +5.2% a year. Past returns do not guarantee future results.
Similar ETFs: Corporate bonds
- Vanguard Intermediate-Term Corporate Bond ETF (VCIT)
- Vanguard Short-Term Corporate Bond ETF (VCSH)
- SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB)
- State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB)
- Vanguard Long-Term Corporate Bond ETF (VCLT)
- Fidelity Investment Grade Securitized ETF (FSEC)
- State Street SPDR Portfolio Corporate Bond ETF (SPBO)
- Vanguard Total Corporate Bond ETF (VTC)
Educational information, not investment advice. Disclaimer