About SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

SPDR Bloomberg Barclays Convertible Securities ETF (CWB) is an exchange-traded fund that seeks to provide exposure to the performance of the U.S. convertible securities market. The fund invests in a diversified portfolio of convertible bonds issued by U.S. companies, offering investors a way to access both equity and fixed-income markets simultaneously. The ETF is managed by State Street Global Advisors and has been available to investors since April 2009.

With its focus on convertible securities, CWB offers investors the potential for capital appreciation while providing downside protection through the bond component. Convertible bonds are debt instruments that can be converted into a specified number of shares of the issuer's common stock at the investor's option. This unique feature makes convertible securities a hybrid investment that combines the characteristics of both stocks and bonds.