SPDR® ICE BofAML Emerging Markets Corporate Bond UCITS ETF (Dist) SYBE GY

Important Risk Disclosure

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Investing in foreign domiciled securities may involve risk of capital loss from unfavorable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations.

NAV USD (Official NAV)

USD $102,81

as of 13 Dec 2019

Base Fund Currency

USD

1 Day Nav Change

USD +$0,17 (+0,17%)

as of 13 Dec 2019

Assets Under Management (millions)

USD $16,20 M

as of 13 Dec 2019

TER

0,50%

image load fail

as of 30 Nov 2019


Fund Objective

Fund Objective

The objective of the Fund is to track the performance of U.S. dollar-denominated emerging markets corporate debt publicly issued in the US domestic and eurobond markets.


Index Description

Index Description

The Index tracks the performance of US dollar-denominated emerging markets government debt publicly issued in the US domestic market.


Fund Information as of 13 Dec 2019

Fund Information as of 13 Dec 2019
ISIN iNAV Ticker

*These ticker codes are representative of the primary listing exchange.

Inception Date Countries of Registration Base Fund Currency Income Treatment Settlement Cycle
IE00B7LFXY77 INSYBEE 19 Nov 2012 Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom USD Distribution Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
ISIN IE00B7LFXY77
iNAV Ticker

*These ticker codes are representative of the primary listing exchange.

INSYBEE
Inception Date 19 Nov 2012
Countries of Registration Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, United Kingdom
Base Fund Currency USD
Income Treatment Distribution
Settlement Cycle Redemption Settlement Cycle, DD+3; Subscription Settlement Cycle, DD+3
Trading Cycle TER Benchmark Minimum Investment Trading Currency UCITS Compliant Domicile
DD 0,50% ICE BofAML Emerging Markets Diversified Corporate ex-144A Index 1 Share EUR, GBP, USD Yes Ireland
Trading Cycle DD
TER 0,50%
Benchmark ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
Minimum Investment 1 Share
Trading Currency EUR, GBP, USD
UCITS Compliant Yes
Domicile Ireland
Investment Manager Fund Umbrella Replication Method Distribution Frequency PEA Eligible ISA Eligible SIPP Eligible
State Street Global Advisors Limited SSGA SPDR ETFs Europe I plc Stratified Sampling Semi-Annually No Yes Yes
Investment Manager State Street Global Advisors Limited
Fund Umbrella SSGA SPDR ETFs Europe I plc
Replication Method Stratified Sampling
Distribution Frequency Semi-Annually
PEA Eligible No
ISA Eligible Yes
SIPP Eligible Yes
UK Reporting Status
Yes
UK Reporting Status Yes

Listing and Ticker Information as of 14 Dec 2019

Listing and Ticker Information as of 14 Dec 2019

Exchange Deutsche Börse (Primary)
Trading Currency EUR
Listing Date 20 Nov 2012
Exchange Ticker SYBE
SEDOL Code B733TP2
Bloomberg Code SYBE GY
Reuters Code SYBE.DE
Exchange London Stock Exchange
Trading Currency GBP
Listing Date 20 Nov 2012
Exchange Ticker EMCB
SEDOL Code B7JLPR4
Bloomberg Code EMCB LN
Reuters Code EMCB.L
Exchange London Stock Exchange
Trading Currency USD
Listing Date 20 Nov 2012
Exchange Ticker EMCO
SEDOL Code B7LFXY7
Bloomberg Code EMCO LN
Reuters Code EMCO.L
Exchange Trading Currency Listing Date Exchange Ticker SEDOL Code Bloomberg Code Reuters Code
Deutsche Börse (Primary) EUR 20 Nov 2012 SYBE B733TP2 SYBE GY SYBE.DE
London Stock Exchange GBP 20 Nov 2012 EMCB B7JLPR4 EMCB LN EMCB.L
London Stock Exchange USD 20 Nov 2012 EMCO B7LFXY7 EMCO LN EMCO.L

INAV

INAV

Estimated NAV per Unit at 4PM, Hong Kong as of Estimated NAV per Unit as of (Updated every 15 seconds)
As of (Updated every 15 seconds)
INAV TICKER CURRENCY INAV
Estimated NAV per Unit at 4PM, Hong Kong as of
Estimated NAV per Unit as of (Updated every 15 seconds)
As of (Updated every 15 seconds)
INAV TICKER
CURRENCY
INAV

The Indicative NAV per share should not be viewed as the actual NAV per share. The Indicative NAV per share is provided for reference purposes only and may differ from the actual NAV per share calculated in accordance with the Prospectus.


Fund Characteristics as of 12 Dec 2019

Fund Characteristics as of 12 Dec 2019
Current Yield Effective Convexity Effective Duration Number of Holdings Yield to Maturity Average Maturity in Years Average Price
4,97% 0,56% 5,41 128 3,99% 8,01 USD $107,85
Current Yield 4,97%
Effective Convexity 0,56%
Effective Duration 5,41
Number of Holdings 128
Yield to Maturity 3,99%
Average Maturity in Years 8,01
Average Price USD $107,85

Fund Market Price as of 13 Dec 2019

Fund Market Price as of 13 Dec 2019
Bid Price Offer Price Closing Price Bid/Offer Spread Day High Day Low 52 Week High
EUR €91,84 EUR €92,54 EUR €92,19 EUR €0,70 EUR €92,19 EUR €91,73 EUR €93,48
Bid Price EUR €91,84
Offer Price EUR €92,54
Closing Price EUR €92,19
Bid/Offer Spread EUR €0,70
Day High EUR €92,19
Day Low EUR €91,73
52 Week High EUR €93,48
52 Week Low
EUR €82,77
52 Week Low EUR €82,77

Fund Net Asset Value as of 13 Dec 2019

Fund Net Asset Value as of 13 Dec 2019
NAV USD (Official NAV) NAV EUR NAV GBP Assets Under Management (millions) Shares in Issue
USD $102,81 EUR €92,32 GBP £77,04 USD $16,20 M 157 579
NAV USD (Official NAV) USD $102,81
NAV EUR EUR €92,32
NAV GBP GBP £77,04
Assets Under Management (millions) USD $16,20 M
Shares in Issue 157 579
Most Recent NAV/NAV History

Reference NAVs are calculated for information purposes only. No warranty is provided as to the accuracy of reference NAVs. Reference NAVs are calculated with WM1600 FX (London time) rate applied in the currency indicated.


Yields as of 13 Dec 2019

Yields as of 13 Dec 2019
Distribution Yield

This measures the 12 month historical dividend pay-out per share divided by the NAV.

3,82%
Distribution Yield

This measures the 12 month historical dividend pay-out per share divided by the NAV.

3,82%

Fund Performance
View as

Fund Performance

  • Fund Inception Date: 19 Nov 2012
  • Index Inception Date: 19 Nov 2012
As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
19 Nov 2012
Fund Net 30 Nov 2019 0,48% 1,30% 12,01% 13,79% 19,83% 26,94% 33,63%
Difference 30 Nov 2019 0,21% 0,02% -0,90% -0,68% -1,43% -2,62% -3,64%
Fund Gross 30 Nov 2019 0,52% 1,42% 12,53% 14,35% 21,63% 30,15% 38,40%
Difference 30 Nov 2019 0,25% 0,15% -0,39% -0,11% 0,38% 0,59% 1,13%
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
30 Nov 2019 0,26% 1,27% 12,91% 14,46% 21,25% 29,56% 37,27%

as of 30 Nov 2019

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
19 Nov 2012
Fund Net 30 Nov 2019 0,48% 1,30% 12,01% 13,79% 6,22% 4,89% 4,21%
Difference 30 Nov 2019 0,21% 0,02% -0,90% -0,68% -0,42% -0,43% -0,40%
Fund Gross 30 Nov 2019 0,52% 1,42% 12,53% 14,35% 6,75% 5,41% 4,73%
Difference 30 Nov 2019 0,25% 0,15% -0,39% -0,11% 0,11% 0,10% 0,12%
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
30 Nov 2019 0,26% 1,27% 12,91% 14,46% 6,64% 5,32% 4,61%

as of 30 Nov 2019

2019 (YTD) 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Net 12,01% -1,13% 7,32% 9,55% 0,14% 3,45% -2,64% 1,76% - - -
Difference -0,90% 0,23% -0,65% -0,75% -0,24% 0,01% -0,54% -0,06% - - -
Fund Gross 12,53% -0,64% 7,86% 10,10% 0,64% 3,97% -2,16% 1,82% - - -
Difference -0,39% 0,73% -0,11% -0,20% 0,26% 0,53% -0,05% 0,00% - - -
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
12,91% -1,37% 7,97% 10,30% 0,37% 3,44% -2,10% 1,82% 4,73% 12,47% 40,33%

as of 30 Nov 2019

Performance Gross and Net of All Fees.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a guarantee of future results.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

Calendar year inception performance returns will be partial for the year where the inception date for either the Fund in question or the historic performance-linked Fund (whichever is the earliest) falls within that period.

Previous to 4 January 2019, the Fund was known as SPDR® ICE BofAML Emerging Markets Corporate Bond UCITS ETF. Previous to 19th October 2018, the Fund was known as SPDR® BofA Merrill Lynch Emerging Markets Corporate Bond UCITS ETF, tracking the BofA Merrill Lynch Emerging Markets Diversified Corporate ex-144a Index.


Deviation & Tracking Error as of 30 Nov 2019

Deviation & Tracking Error as of 30 Nov 2019

Standard Deviation Tracking Error
2,78% 0,40%
Standard Deviation 2,78%
Tracking Error 0,40%

This calculation is based on the past 3 years performance information.


Top Holdings

Top Holdings
Fund Top Holdingsas of 12 Dec 2019

Fund Top Holdings as of 12 Dec 2019

Security Name Weight
KAZAKHSTAN TEMIR ZHOLY 6.95 07/10/2042 1,69%
RELIANCE HOLDINGS USA 5.4 02/14/2022 1,66%
CHINA CINDA FINANCE 2017 4.75 02/21/2029 1,41%
PROSUS NV 5.5 07/21/2025 1,40%
CHINA OVERSEAS FIN 4.75 04/26/2028 1,39%
PERUSAHAAN LISTRIK NEGAR 5.25 05/15/2047 1,38%
MMC NORILSK (MMC FIN) 6.625 10/14/2022 1,38%
ABU DHABI NATIONAL ENERG 5.875 12/13/2021 1,36%
MINEJESA CAPITAL BV 5.625 08/10/2037 1,35%
COUNTRY GARDEN HLDGS 7.25 04/08/2026 1,35%
Download All Holdings: Download Daily Holdings

Sector Allocation

Sector Allocation
Fund Sector Allocationas of 12 Dec 2019

Fund Sector Allocation as of 12 Dec 2019

Sector Weight
Non Corporates 55,96%
Corporate - Industrial 32,30%
Corporate - Finance 8,05%
Corporate - Utility 3,64%
Cash 0,06%

Geographical Weights

Geographical Weights

Fund Maturity Ladderas of 12 Dec 2019

Fund Maturity Ladder
as of 12 Dec 2019
0 - 1 Year 5,14%
1 - 2 Years 5,18%
2 - 3 Years 16,36%
3 - 5 Years 22,93%
5 - 7 Years 16,13%
7 - 10 Years 12,79%
10 - 15 Years 2,97%
15 - 20 Years 8,22%
20 - 30 Years 9,92%
> 30 Years 0,35%

Fund Quality Breakdownas of 12 Dec 2019

Fund Quality Breakdown
as of 12 Dec 2019
Aaa 0,06%
Aa 3,19%
A 30,60%
Baa 47,67%
Below Baa 18,48%

Tax Documents

Tax Documents


Fund Footnote

Performance Gross and Net of All Fees.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a guarantee of future results.

Past performance is not an indicator of future performance. The Gross of fees do not reflect and net of fees do reflect commissions and costs incurred on the issue and redemption, or purchases and sale, of units. If the performance is calculated on the basis of Gross/net asset values that are not denominated in the accounting currency of the collective investment scheme, its value may rise or fall as a result of currency fluctuations.

First net asset value taken into account corresponds to the first end of month following complete investment of the portfolio in agreement with the policy of management. Historical performance is not necessarily indicative of actual future investment performance.

Source: ICE Data Indices, LLC (“ICE Data Indices”) and its indices may not be reproduced or used for any other purpose. ICE Data Indices’ data is provided "AS IS". ICE Data Indices, its affiliates and its third party suppliers provide no warranties, has not prepared or approved this report, has no liability, and does not endorse SSGA or guarantee, review, or endorse its products. For the full copy of the disclaimer please refer to the Fund supplement.

Previous to 4 January 2019, the Fund was known as SPDR® ICE BofAML Emerging Markets Corporate Bond UCITS ETF. Previous to 19th October 2018, the Fund was known as SPDR® BofA Merrill Lynch Emerging Markets Corporate Bond UCITS ETF, tracking the BofA Merrill Lynch Emerging Markets Diversified Corporate ex-144a Index.

© 2019 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. State Street does not review the Morningstar data.