SPDR Bloomberg Convertible Securities ETF

SPDR Bloomberg Convertible Securities ETF is an exchange-traded fund that provides diversified exposure to U.S. convertible securities, including convertible bonds and convertible preferred stock. It seeks to track the Bloomberg U.S. Convertible Liquid Bond Index, offering investors a rules-based portfolio centered on securities that combine fixed-income characteristics with the potential to convert into equity. The fund holds a broad mix of issuers across sectors such as technology, industrials, consumer discretionary, and financials, with positions that can include investment-grade, below-investment-grade, and unrated issues. Managed by State Street Global Advisors, SPDR Bloomberg Convertible Securities ETF serves as a focused instrument for accessing the convertible securities market through a single, passively managed vehicle. Its role in the market is to package a specialized segment of corporate financing into a liquid portfolio structure that is widely used by institutions and individual investors seeking convertible bond exposure.