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Sunday, August 23, 2026The Morning Brief →Sign in
CWBSPDR

SPDR Bloomberg Convertible Securities ETF

$103.57-0.15% today
8611152-WK

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.

Price & daily flows
105.498.391.1103.57DAILY NET FLOWAug 22Dec 18Apr 20Aug 20

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$385M OVER THIS RANGE

The desk’s read

Money is leaving — −$83M walked out over the past month, about 1.5% of the fund's asset base, while the price has returned +14.4% so far this year. At 0.40% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$5.7Bassets under management
0.40%expense ratio · $40 per $10,000 a year
−$83Mnet flow, trailing month
651Kavg daily volume, 30 days
299holdings · US-domiciled
2009listed April 13, 2009 · beta 1.06
The book at a glance
2.3%2.3%2.2%1.9%1.8%1.5%1.2%1.2%1.1%1.0%1.0%1.0%0.9%0.8%0.7%0.7%0.7%0.7%0.7%0.7%0.7%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.6%0.5%0.5%0.5%0.5%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1ALPHABET INC2.34%
2ALPHABET INC2.32%
3WESTERN DIGITAL CORP COMPANY GUAR 11/28 32.16%
4BOEING CO/THE1.90%
5ALIBABA GROUP HOLDING SR UNSECURED 06/31 0.51.78%
6LUMENTUM HOLDINGS INC 144A1.50%
7WELLS FARGO + COMPANY1.15%
8SUPER MICRO COMPUTER INC1.15%
9ORACLE CORP CVTPFD 6.5 01/15/20291.12%
10Hewlett Packard Enterprise Co1.01%
11COREWEAVE INC COREWEAVE INC0.99%
12BANK OF AMERICA CORP0.97%
13NEBIUS GROUP NV NEBIUS GROUP NV0.93%
14BLOOM ENERGY CORPORATION 144A0.84%
15DOORDASH INC 05/30 00.72%

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Sector weights
Other100%
Utilities91.22%
Corporate83.45%
Miscellaneous9.43%
Communication Services8.78%
Finance4.89%
UNIT1.03%
Producer Manufacturing0.54%
Commercial Services0.23%
Consumer Services0.13%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Other100%
Canada18.51%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.8%
1 month+0.4%
3 months-2.0%
6 months+9.1%
YTD+14.4%
1 year+20.5%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$21M
1 month−$83M
3 months−$299M
YTD+$355M
1 year+$385M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
22%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-11.2%deepest fall from a peak, 1 year
-6.5%where it sits vs. that peak today

The top holding is 2.3% of the book; the top ten carry 16%. Spread across 250+ names, it behaves like roughly 138 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
1puts today
put/call ratio
506Kshares traded
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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