ETF Quote Details
|NAV (month end)||48.22|
|Premium (+)/Discount (-) (month end)||-0.42|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
Zacks Premium - The only way to get access to the Zacks Rank
ETF Expense Ratio
|Dividend (Yield)||$1.63 (3.40%)|
|Issuer||STATE STREET GLOBAL ADVISORS|
The Barclays U.S. Convertible Bond >$500MM Index is designed to represent the market of U.S. convertible securities, such as convertible bonds, with outstanding issue sizes greater than $500 million. Convertible bonds are bonds that can be exchanged, at the option of the holder, for a specific number of shares of the issuers preferred stock or common stock.
The SPDR Barclays Convertible Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays U.S. Convertible Bond > $500MM Index, an index that tracks United States convertible bonds with outstanding issue sizes greater than $500 million.