State Street SPDR Bloomberg Convertible Securities ETF (CWB)

State Street SPDR Bloomberg Convertible Securities ETF (CWB) is an exchange-traded fund in the Convertibles category. It has $5.55B in assets, an expense ratio of 0.40% and a 1.56% dividend yield. 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.