Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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SPDR® Bloomberg Barclays Convertible Securities ETF
ETF
CWB
Dividend policy
Increase
Price as of:
$82.74
+0.66
+0.8%
primary theme
Convertible Bond
CWB (ETF)
SPDR® Bloomberg Barclays Convertible Securities ETF
Dividend policy
Increase
Price as of:
$82.74
+0.66
+0.8%
primary theme
Convertible Bond
CWB (ETF)
SPDR® Bloomberg Barclays Convertible Securities ETF
Dividend policy
Increase
Price as of:
$82.74
+0.66
+0.8%
primary theme
Convertible Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
30.9%
3 Yr Avg Return
24.9%
5 Yr Avg Return
18.4%
Net Assets
$7.26 B
Holdings in Top 10
12.9%
52 WEEK LOW AND HIGH
$84.0
$79.56
$92.20
Expenses
OPERATING FEES
Expense Ratio 0.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Investment Style
Convertibles
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
CWB - Profile
Distributions
- YTD Total Return -0.9%
- 3 Yr Annualized Total Return 24.9%
- 5 Yr Annualized Total Return 18.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.93%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSPDR® Bloomberg Barclays Convertible Securities ETF
-
Fund Family NameSPDR State Street Global Advisors
-
Inception DateApr 14, 2009
-
Shares Outstanding82500000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Brunell
Fund Description
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 - Performance
Return Ranking - Trailing
| Period | CWB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.1% | -12.3% | 10.3% | 76.67% |
| 1 Yr | 30.9% | 8.1% | 42.3% | 24.44% |
| 3 Yr | 24.9%* | 8.8% | 27.5% | 30.86% |
| 5 Yr | 18.4%* | 6.4% | 21.5% | 35.00% |
| 10 Yr | 13.9%* | 6.7% | 14.8% | 22.97% |
* Annualized
Return Ranking - Calendar
| Period | CWB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 49.2% | 5.8% | 54.0% | 2.44% |
| 2019 | 18.6% | 9.9% | 24.4% | 31.65% |
| 2018 | -7.5% | -15.4% | -2.5% | 34.21% |
| 2017 | 10.8% | -7.8% | 15.4% | 33.78% |
| 2016 | 5.5% | 0.4% | 14.2% | 48.61% |
Total Return Ranking - Trailing
| Period | CWB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.9% | -12.3% | 10.3% | 67.78% |
| 1 Yr | 30.9% | 6.4% | 38.4% | 21.98% |
| 3 Yr | 24.9%* | 8.0% | 27.5% | 26.19% |
| 5 Yr | 18.4%* | 6.2% | 21.5% | 32.53% |
| 10 Yr | 13.9%* | 6.7% | 14.8% | 20.27% |
* Annualized
Total Return Ranking - Calendar
| Period | CWB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 49.2% | 5.8% | 54.0% | 2.44% |
| 2019 | 18.6% | 9.9% | 24.4% | 31.65% |
| 2018 | -7.5% | -15.4% | 4.5% | 72.37% |
| 2017 | 10.8% | 1.8% | 18.4% | 60.81% |
| 2016 | 5.5% | 0.4% | 16.5% | 68.06% |
CWB - Holdings
Concentration Analysis
| CWB | Category Low | Category High | CWB % Rank | |
|---|---|---|---|---|
| Net Assets | 7.26 B | 18.7 M | 7.26 B | 1.18% |
| Number of Holdings | 304 | 10 | 375 | 9.57% |
| Net Assets in Top 10 | 936 M | -10.7 M | 1.23 B | 5.32% |
| Weighting of Top 10 | 12.89% | 9.4% | 100.0% | 97.87% |
Top 10 Holdings
- Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 2.00%
- Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.92%
- Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 1.41%
- SEA LTD 1% 1.38%
- Tesla Inc 1.25% 1.36%
- Sea Ltd 1% 1.32%
- Sea Ltd 2.375% 1.26%
- Nio Inc 4.5% 1.23%
- Tesla Inc 2% 1.23%
- Palo Alto Networks Inc 0.375% 1.14%
Asset Allocation
| Weighting | Return Low | Return High | CWB % Rank | |
|---|---|---|---|---|
| Convertible Bonds | 78.32% | 40.86% | 114.88% | 42.55% |
| Preferred Stocks | 14.51% | 0.00% | 26.55% | 15.96% |
| Stocks | 5.63% | 0.00% | 27.60% | 47.87% |
| Other | 1.28% | -16.89% | 1.93% | 10.64% |
| Bonds | 0.21% | -23.88% | 73.58% | 51.06% |
| Cash | 0.04% | -52.56% | 7.34% | 81.91% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CWB % Rank | |
|---|---|---|---|---|
| Utilities | 90.39% | 0.00% | 100.00% | 4.49% |
| Industrials | 4.72% | 0.00% | 39.92% | 57.30% |
| Healthcare | 3.47% | 0.00% | 22.19% | 77.53% |
| Communication Services | 1.42% | 0.00% | 100.00% | 30.34% |
| Technology | 0.00% | 0.00% | 22.08% | 73.03% |
| Real Estate | 0.00% | 0.00% | 26.12% | 57.30% |
| Financial Services | 0.00% | 0.00% | 24.86% | 66.29% |
| Energy | 0.00% | 0.00% | 18.34% | 64.04% |
| Consumer Defense | 0.00% | 0.00% | 6.96% | 53.93% |
| Consumer Cyclical | 0.00% | 0.00% | 40.63% | 68.54% |
| Basic Materials | 0.00% | 0.00% | 92.63% | 57.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CWB % Rank | |
|---|---|---|---|---|
| US | 5.28% | 0.00% | 26.86% | 47.87% |
| Non US | 0.35% | 0.00% | 4.28% | 37.23% |
CWB - Expenses
Operational Fees
| CWB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.40% | 0.20% | 2.97% | 97.75% |
| Management Fee | 0.40% | 0.20% | 1.33% | 3.57% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| CWB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CWB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CWB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 30.00% | 242.00% | 1.18% |
CWB - Distributions
Dividend Yield Analysis
| CWB | Category Low | Category High | CWB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.03% | 0.00% | 0.51% | 50.00% |
Dividend Distribution Analysis
| CWB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| CWB | Category Low | Category High | CWB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.93% | -14.00% | 7.18% | 97.62% |
Capital Gain Distribution Analysis
| CWB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 08, 2020 | $0.104 |
| Aug 07, 2020 | $0.063 |
| Jul 07, 2020 | $0.105 |
| Jun 05, 2020 | $0.090 |
| May 07, 2020 | $0.082 |
| Apr 07, 2020 | $0.120 |
| Mar 06, 2020 | $0.085 |
| Feb 07, 2020 | $0.086 |
| Dec 27, 2019 | $0.707 |
| Dec 06, 2019 | $0.083 |
| Nov 07, 2019 | $0.084 |
| Oct 07, 2019 | $0.101 |
| Sep 09, 2019 | $0.085 |
| Aug 07, 2019 | $0.081 |
| Jul 08, 2019 | $0.112 |
| Jun 07, 2019 | $0.079 |
| May 07, 2019 | $0.068 |
| Apr 05, 2019 | $0.124 |
| Mar 07, 2019 | $0.089 |
| Feb 07, 2019 | $0.071 |
| Dec 26, 2018 | $1.783 |
| Dec 07, 2018 | $0.088 |
| Nov 07, 2018 | $0.072 |
| Oct 05, 2018 | $0.128 |
| Sep 10, 2018 | $0.080 |
| Aug 07, 2018 | $0.082 |
| Jul 09, 2018 | $0.116 |
| Jun 07, 2018 | $0.095 |
| May 07, 2018 | $0.091 |
| Apr 06, 2018 | $0.135 |
| Mar 07, 2018 | $0.137 |
| Feb 07, 2018 | $0.082 |
| Dec 28, 2017 | $0.751 |
| Dec 11, 2017 | $0.131 |
| Nov 09, 2017 | $0.093 |
| Oct 10, 2017 | $0.140 |
| Sep 12, 2017 | $0.202 |
| Aug 09, 2017 | $0.078 |
| Jul 12, 2017 | $0.146 |
| Jun 09, 2017 | $0.154 |
| May 09, 2017 | $0.071 |
| Apr 11, 2017 | $0.153 |
| Mar 09, 2017 | $0.163 |
| Feb 09, 2017 | $0.070 |
| Jan 06, 2017 | $0.458 |
| Dec 09, 2016 | $0.267 |
| Nov 09, 2016 | $0.105 |
| Oct 11, 2016 | $0.174 |
| Sep 12, 2016 | $0.200 |
| Aug 09, 2016 | $0.119 |
| Jul 12, 2016 | $0.154 |
| Jun 09, 2016 | $0.125 |
| May 10, 2016 | $0.071 |
| Apr 11, 2016 | $0.136 |
| Mar 09, 2016 | $0.186 |
| Feb 09, 2016 | $0.107 |
| Jan 07, 2016 | $1.001 |
| Dec 09, 2015 | $0.158 |
| Nov 10, 2015 | $0.079 |
| Oct 09, 2015 | $0.144 |
| Sep 10, 2015 | $0.118 |
| Aug 11, 2015 | $0.084 |
| Jul 10, 2015 | $0.108 |
| Jun 09, 2015 | $0.103 |
| May 11, 2015 | $0.073 |
| Apr 10, 2015 | $0.106 |
| Mar 10, 2015 | $0.087 |
| Feb 10, 2015 | $0.073 |
| Jan 07, 2015 | $1.094 |
| Dec 09, 2014 | $0.087 |
| Nov 12, 2014 | $0.087 |
| Oct 09, 2014 | $0.115 |
| Sep 10, 2014 | $0.099 |
| Aug 11, 2014 | $0.083 |
| Jul 10, 2014 | $0.114 |
| Jun 10, 2014 | $0.094 |
| May 09, 2014 | $0.089 |
| Apr 09, 2014 | $0.145 |
| Mar 11, 2014 | $0.075 |
| Feb 11, 2014 | $0.078 |
| Jan 07, 2014 | $0.483 |
| Dec 10, 2013 | $0.109 |
| Nov 12, 2013 | $0.083 |
| Oct 09, 2013 | $0.123 |
| Sep 11, 2013 | $0.127 |
| Aug 09, 2013 | $0.085 |
| Jul 10, 2013 | $0.100 |
| Jun 11, 2013 | $0.129 |
| May 09, 2013 | $0.092 |
| Apr 09, 2013 | $0.107 |
| Mar 11, 2013 | $0.149 |
| Feb 11, 2013 | $0.124 |
| Jan 07, 2013 | $0.377 |
| Dec 11, 2012 | $0.126 |
| Nov 09, 2012 | $0.088 |
| Oct 09, 2012 | $0.121 |
| Sep 12, 2012 | $0.131 |
| Aug 09, 2012 | $0.072 |
| Jul 11, 2012 | $0.124 |
| Jun 11, 2012 | $0.107 |
| May 09, 2012 | $0.089 |
| Apr 11, 2012 | $0.124 |
| Mar 09, 2012 | $0.134 |
| Feb 09, 2012 | $0.055 |
| Jan 06, 2012 | $0.139 |
| Dec 09, 2011 | $0.130 |
| Nov 09, 2011 | $0.086 |
| Oct 11, 2011 | $0.118 |
| Sep 12, 2011 | $0.139 |
| Aug 09, 2011 | $0.054 |
| Jul 12, 2011 | $0.114 |
| Jun 09, 2011 | $0.156 |
| May 10, 2011 | $0.083 |
| Apr 11, 2011 | $0.128 |
| Mar 09, 2011 | $0.133 |
| Jan 06, 2011 | $0.247 |
| Dec 09, 2010 | $0.123 |
| Nov 09, 2010 | $0.141 |
| Oct 12, 2010 | $0.138 |
| Sep 10, 2010 | $0.129 |
| Aug 10, 2010 | $0.229 |
| Jul 12, 2010 | $0.128 |
| Jun 09, 2010 | $0.145 |
| May 11, 2010 | $0.141 |
| Apr 12, 2010 | $0.125 |
| Mar 09, 2010 | $0.144 |
| Feb 09, 2010 | $0.072 |
| Dec 09, 2009 | $0.181 |
| Nov 10, 2009 | $0.189 |
| Oct 09, 2009 | $0.134 |
| Sep 10, 2009 | $0.190 |
| Aug 11, 2009 | $0.135 |
| Jul 10, 2009 | $0.113 |
| Jun 09, 2009 | $0.160 |
| May 11, 2009 | $0.061 |
CWB - Fund Manager Analysis
Managers
Michael Brunell
Start Date
Tenure
Tenure Rank
Apr 14, 2009
12.56
12.6%
Mike Brunell, CFA, is a Vice President of SSGA and has been a member of the Fixed Income portfolio management team since 2004. In his current role as part of the Beta Solutions Group, he is responsible for developing and managing various funds and ETFs against a variety of conventional and custom bond index strategies. Previously, Mr. Brunell was responsible for managing the U.S. Bond Operations group which he had been a member of since 1997. He started his career in the investment management field when he joined the Mutual Fund Custody division of State Street in 1993. In this role he focused on the accounting and the valuation of various domestic and international equity and bond portfolios. Mr. Brunell earned a BS in Business Administration from Saint Michael's College and a MSF degree from Boston College. Additionally he earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.
Christopher DiStefano
Start Date
Tenure
Tenure Rank
Feb 03, 2016
5.75
5.8%
Christopher DiStefano is a Vice President of SSGA and a Portfolio Manager in the Fixed Income Beta Solutions Group within the Fixed Income, Cash and Currency Team. He joined the firm in 2010 and is responsible for managing several funds and ETFs within the investment-grade credit, government/credit, and short duration sectors. Prior to his current role, Mr. DiStefano was a member of the Global Graduate Rotational Program at SSGA, a two year cross-functional program engineered to provide candidates with a diverse skill set and a broad perspective. Previously, Mr. DiStefano worked as an engineer within the real estate development and transportation industries. Mr. DiStefano holds a Master of Business Administration from the Carroll School of Management at Boston College, and a Master of Science and Bachelor of Science in Civil Engineering from the University of Illinois and Union College, respectively.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.67 | 36.39 | 10.36 | 6.84 |
