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  • ETF
  • CWB
    Pricing Data
    $46.36
    Change: $0.17 (0.0%)
    Time: 09/30/16
    Previous Close: $46.19
  • Category
  • Preferred Stock/Convertible Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $38.20
  • 52 Week Hi: $46.51
  • AUM: $2,766.6 M
  • Shares: 60.0 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 621,844
  • 3 Month Avg. Volume: 746,972

Alternative ETFs in the Preferred Stock/Convertible Bonds Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This unique ETF is the only product on the market that offers investors diversified exposure to a relatively obscure sector of the market; convertible bonds. These securities allow investors to 'convert' their bond notes for equity in the underlying company, potentially allowing investors to benefit from broad increases in stock prices. Additionally, it should be noted that since these notes have the option to convert to equity, they generally pay out smaller yields then their unconvertible brethren. With that being said, the fund still pays out a decent yield comparable to most bonds of similar maturity levels and the long time horizon on many of the instruments should allow the underlying stocks plenty of time to reach their full potential. CWB certainly isn't for everyone but for investors looking to diversify their bond holdings while at the same time leaving them open to at least some level of equity appreciation, this fund could be a solid choice.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for CWB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Preferred Stock/Convertible Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

CWB Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- PFF
Expenses A PFXF
Performance
Volatility
Dividend
Concentration

Knowledge Centers

CWB In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

CWB Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
96
Category Low
Category High
% Assets in Top 10
Rank:
34.00%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 8.49%
International Stocks 0.0%
U.S. Bonds 1.65%
International Bonds 1.62%
Preferred Stock 33.13%
Convertibles 53.18%
Cash 1.93%
Other 0.0%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 52.6%
Preferred 20.88%
Convertible 17.14%
Government 0.5%
Cash And Equivalents 0.4%
Agency Mortgage Backed 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Covered Bond 0.0%
Asset Backed 0.0%
Sector Swap 0.0%
Future Forward 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Option Warrant 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 22.45%
1% to 2% 12.36%
2% to 3% 9.42%
3% to 4% 9.75%
4% to 5% 0.8%
5% to 6% 1.16%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.5%
9% to 10% 0.0%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage
AAA 0.83%
AA 0.0%
A 6.66%
BBB 49.16%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 43.35%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 1.43%
1-3 Years 18.03%
3-5 Years 13.15%
5-7 Years 2.84%
7-10 Years 6.12%
10-15 Years 0.0%
15-20 Years 3.28%
20-30 Years 10.96%
30+ Years 0.65%

CWB Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.576%
ETF Wtd. Average
0.26%
Category Average
0.56%
Expense Ratio
Rank:
0.40%
Category Low
Category High

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)

Category Commission Free Trading

There are 4 other ETFs in the Preferred Stock/Convertible Bonds ETFdb Category that are also eligible for commission free trading:

CWB Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
0.11%
Category Low
Category High
4 Week Return
Rank:
0.70%
Category Low
Category High
13 Week Return
Rank:
6.57%
Category Low
Category High
26 Week Return
Rank:
7.83%
Category Low
Category High
Year to Date Return
Rank:
8.35%
Category Low
Category High
1 Year Return
Rank:
8.46%
Category Low
Category High
3 Year Return
Rank:
18.24%
Category Low
Category High
5 Year Return
Rank:
62.08%
Category Low
Category High

Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of CWB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

CWB Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
8.35
Category Low
Category High

As of Jun 29 2016

CWB Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
$0.20
Dividend Date
2016-09-01
Annual Dividend Rate
$1.88
Annual Dividend Yield
Rank:
4.07%
Category Low
Category High

As of Jun 29, 2016

CWB Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
87.13%
Category Low
Category High
20 Day Volatility
Rank:
10.97%
Category Low
Category High
50 Day Volatility
Rank:
8.20%
Category Low
Category High
200 Day Volatility
Rank:
9.21%
Category Low
Category High
Beta
Rank:
-0.79
Category Low
Category High
Standard Deviation
Rank:
1.80%
Category Low
Category High

Technicals

  • 20 Day MA: $45.96
  • 60 Day MA: $45.63
  • MACD 15 Period: 0.40
  • MACD 100 Period: 1.65
  • Williams % Range 10 Day: 16.48
  • Williams % Range 20 Day: 10.34
  • RSI 10 Day: 58
  • RSI 20 Day: 57
  • RSI 30 Day: 57
  • Ultimate Oscillator: 58

Bollinger Brands

  • Lower Bollinger (10 Day): $45.70
  • Upper Bollinger (10 Day): $46.63
  • Lower Bollinger (20 Day): $45.23
  • Upper Bollinger (20 Day): $46.66
  • Lower Bollinger (30 Day): $45.35
  • Upper Bollinger (30 Day): $46.55

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $45.99
  • Resistance Level 1: n/a
  • Resistance Level 2: $46.69

Stochastic

  • Stochastic Oscillator %D (1 Day): 58.03
  • Stochastic Oscillator %D (5 Day): 64.89
  • Stochastic Oscillator %K (1 Day): 57.27
  • Stochastic Oscillator %K (5 Day): 68.98

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.