ducovest

CWB:ARCA-SPDR Bloomberg Barclays Convertible Securities (USD)

ETF | Convertibles | NYSE Arca

Last Closing

USD 78.73

Change

-0.71 (-0.89)%

Market Cap

USD 2.87B

Volume

0.89M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Convertible Bond >$500MM Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or 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 with outstanding issue sizes greater than $500 million. It is non-diversified.

Company Website : www.spdrs.com

Currency: USD

Country : USA

Inception Date: 14/04/2009

Primary Benchmark: BBgBarc US Cnvt Lq Bond TR USD

Primary Index: Morningstar Mod Tgt Risk TR USD

Gross Expense Ratio: 0.4%

Management Expense Ratio: 0.40 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-12-27 )

Largest Industry Peers for Convertibles

ETFs Containing CWB

QAI IQ Hedge Multi-Strategy T.. 7.52 % 0.54 %

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 USD 0.67B
CDZ:CA iShares S&P/TSX Canadian .. 0.00 % 0.66 %

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 CAD 0.98B
PDN Invesco FTSE RAFI Develop.. 0.00 % 0.49 %

N/A

 N/A
QED 0.00 % 0.76 %

N/A

 N/A
QGTA 0.00 % 0.37 %

N/A

 N/A
DWFI 0.00 % 0.15 %

N/A

 N/A
EXGB:CA 0.00 % 0.95 %

N/A

 N/A
EXGG:CA 0.00 % 0.95 %

N/A

 N/A

Market Performance

  Market Performance vs. Industry/Classification (Convertibles) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 9.12% 100% F 61% D-
Dividend Return 1.42% 100% F 23% F
Total Return 10.54% 100% F 56% F
Trailing 12 Months  
Capital Gain 9.12% 100% F 61% D-
Dividend Return 1.42% 100% F 23% F
Total Return 10.54% 100% F 56% F
Trailing 5 Years  
Capital Gain 41.65% 100% F 71% C-
Dividend Return 13.57% 100% F 44% F
Total Return 55.22% 100% F 70% C-
Average Annual (5 Year Horizon)  
Capital Gain 7.04% 100% F 57% F
Dividend Return 8.89% 100% F 55% F
Total Return 1.85% 100% F 45% F
Risk Return Profile  
Volatility (Standard Deviation) 25.30% 100% F 43% F
Risk Adjusted Return 35.14% 100% F 49% F
Market Capitalization 2.87B 100% F 76% C+

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:

There is nothing we particularly dislike