---
ticker: "CWB"
name: "State Street SPDR Bloomberg Convertible Securities ETF"
url: "https://etf.net/etf/CWB"
grade: "A"
score: 77
graded_at: "2026-10-12"
category: "Convertible Bond"
category_rank: "2 of 7"
methodology: "https://etf.net/methodology"
---

# CWB: State Street SPDR Bloomberg Convertible Securities ETF

Grade **A**, Score 77 of 100. Rank 2 of 7 in Convertible Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 73 | 2 of 7 |
| Mission | 100 | 1 of 6 |
| Risk | 49 | 4 of 7 |
| Tradability | 79 | 1 of 7 |
| Holdings | 76 | 2 of 7 |
| Durability | 83 | 2 of 7 |

## Top holdings

The fund holds 364 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | GOOGN | Alphabet Inc | 2.35% |
| 2 | GOOGM | Alphabet Inc | 2.34% |
| 3 | — | Lumentum Holdings Inc Sr Unsecured 03/32 0.375 | 1.83% |
| 4 | — | Boeing Co/The | 1.67% |
| 5 | — | Alibaba Group Holding Sr Unsecured 06/31 0.5 | 1.57% |
| 6 | — | Hp Enterprise Co | 1.39% |
| 7 | SMCIP | Super Micro Computer Inc | 1.29% |
| 8 | — | Oracle Corp | 1.08% |
| 9 | — | Coreweave Inc Company Guar 144A 04/33 2.875 | 1.06% |
| 10 | WFC-PL | Wells Fargo & Company | 1.04% |
| 11 | — | Bloom Energy Corp Sr Unsecured 144A 11/30 0.0000 | 1.03% |
| 12 | — | Moderna Inc Sr Unsecured 144A 03/32 0.0000 | 0.97% |
| 13 | BAC-PL | Bank of America Corp | 0.90% |
| 14 | — | Nebius Group NV Sr Unsecured 144A 03/31 1.25 | 0.89% |
| 15 | — | Coreweave Inc Company Guar 144A 10/32 1.75 | 0.88% |
| 16 | — | Western Digital Corp Company Guar 11/28 3 | 0.85% |
| 17 | — | Nebius Group NV Sr Unsecured 144A 02/30 0.5 | 0.85% |
| 18 | — | Cloudflare Inc Sr Unsecured 06/30 0.00000 | 0.80% |
| 19 | — | Nebius Group NV Sr Unsecured 09/32 2.75 | 0.69% |
| 20 | — | Ciena Corp Company Guar 144A 09/31 0.0000 | 0.68% |
| 21 | — | Snowflake Inc Sr Unsecured 10/29 0.00000 | 0.68% |
| 22 | — | Nebius Group NV Sr Unsecured 09/30 1 | 0.67% |
| 23 | — | Doordash Inc Sr Unsecured 05/30 0.00000 | 0.67% |
| 24 | — | Snowflake Inc Sr Unsecured 10/27 0.00000 | 0.66% |
| 25 | — | Cloudflare Inc Sr Unsecured 144A 08/31 0.0000 | 0.64% |
| 26 | — | Mks Inc Sr Unsecured 06/30 1.25 | 0.64% |
| 27 | — | Coreweave Inc Company Guar 144A 12/31 1.75 | 0.62% |
| 28 | — | Nebius Group NV Sr Unsecured 144A 03/33 2.625 | 0.61% |
| 29 | — | Super Micro Computer Inc Sr Unsecured 06/30 0.00000 | 0.58% |
| 30 | — | Akamai Technologies Inc Sr Unsecured 05/33 0.25 | 0.56% |

Source: etf.net, https://etf.net/etf/CWB. Please cite the page URL.