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SPDR® Portfolio Mortgage Backed Bond ETF SPMB

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Investments in mortgage securities are subject to prepayment risk, which can limit the potential for gain during a declining interest rate environment and increase the potential for loss in a rising interest rate environment. The mortgage industry can also be significantly affected by regulatory changes, interest rate movements, home mortgage demand, refinancing activity, and residential delinquency trends.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, 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.

The Fund is classified as "diversified" under the Investment Company Act of 1940, as amended (the "1940 Act"); however, the Fund may become "non-diversified," as defined under the 1940 Act, solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

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.

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$21,84
as of 18 Jul 2024
Base Currency
USD
Assets Under Management
$5 296,10 M
as of 18 Jul 2024
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,05%

Fund Objective

The SPDR® Portfolio Mortgage Backed Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. agency mortgage pass-through sector of the U.S. investment grade bond market.

About this Benchmark

The Bloomberg U.S. MBS Index (the "MBS Index") measures the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market. The term "U.S. agency mortgage pass-through security" refers to a category of pass-through securities backed by pools of mortgages and issued by one of the following U.S. government-sponsored enterprises: Government National Mortgage Association ("GNMA"); Federal National Mortgage Association ("FNMA") and Federal Home Loan Mortgage Corporation ("FHLMC").

Fund Information as of 20 Jul 2024

Benchmark Bloomberg U.S. MBS Index
Inception Date 15 Jan 2009
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,05%
Net Expense Ratio

SSGA Funds Management, Inc. (the "Adviser") has contractually agreed to waive a portion of its management fee and/or reimburse expenses in an amount equal to any acquired fund fees and expenses (excluding holdings in acquired funds for cash management purposes, if any) until October 31, 2024. This waiver and/or reimbursement does not provide for the recoupment by the Adviser of any amounts waived or reimbursed. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after October 31, 2024. This waiver and/or reimbursement may not be terminated prior to October 31, 2024 except with the approval of the Fund's Board of Trustees.

0,04%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of 20 Jul 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NYSE ARCA EXCHANGE 21 Jan 2009 USD SPMB 78464A383 US78464A3831

Fund Characteristics as of 18 Jul 2024

Number of Holdings 2 443
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

3,26%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

7,86
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$88,14
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

4,98%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

5,96 years
Option Adjusted Spread 41,11
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

4,98%

Index Characteristics as of 18 Jul 2024

Number of Holdings 1 001
Average Coupon 3,32%
Average Maturity in Years 7,48
Average Price $89,47
Average Yield To Worst 5,01%
Option Adjusted Duration 5,97 years
Option Adjusted Spread 43,76
Yield to Maturity 5,01%

Fund Market Price as of 18 Jul 2024

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$21,86
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$21,85
Day High $21,92
Day Low $21,85
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

44 913
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0,12%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0,05%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund's listing exchange) and the fund's net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Kalenderjaar 2023 Q1 2024 Q2 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

161 45 49
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

89 16 14

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund's NAV when purchasing fund shares and may receive less than a fund's NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

Fund Net Asset Value as of 18 Jul 2024

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$21,84
Shares Outstanding 242.50 M
Assets Under Management $5 296,10 M

Fund Net Cash Amount as of 18 Jul 2024

Net Cash Amount -$220 883 957,21

Yields as of 18 Jul 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

3,60%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

3,60%
Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

3,40%

Fund Performance

  • Aanvangsdatum van het fonds: 15 Jan 2009

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
15 Jan 2009
Fund Before Tax
NAV 30 Jun 2024 1,21% 0,16% -0,92% 2,07% -3,00% -0,85% 0,73% 1,83%
Market Value 30 Jun 2024 1,31% 0,19% -0,87% 1,99% -2,98% -0,87% 0,76% 1,84%
Benchmark
Bloomberg U.S. MBS Index
30 Jun 2024 1,17% 0,07% -0,98% 2,12% -2,92% -0,76% 0,89% 1,96%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 1,09% -0,20% -1,51% 0,65% -4,18% -2,04% -0,57% 0,61%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,72% 0,09% -0,54% 1,21% -2,75% -1,12% 0,01% 0,92%
Benchmark
Bloomberg U.S. MBS Index
30 Jun 2024 1,17% 0,07% -0,98% 2,12% -2,92% -0,76% 0,89% 1,96%

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
15 Jan 2009
Fund Before Tax
NAV 30 Jun 2024 1,21% 0,16% -0,92% 2,07% -3,00% -0,85% 0,73% 1,83%
Market Value 30 Jun 2024 1,31% 0,19% -0,87% 1,99% -2,98% -0,87% 0,76% 1,84%
Benchmark
Bloomberg U.S. MBS Index
30 Jun 2024 1,17% 0,07% -0,98% 2,12% -2,92% -0,76% 0,89% 1,96%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 1,09% -0,20% -1,51% 0,65% -4,18% -2,04% -0,57% 0,61%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,72% 0,09% -0,54% 1,21% -2,75% -1,12% 0,01% 0,92%
Benchmark
Bloomberg U.S. MBS Index
30 Jun 2024 1,17% 0,07% -0,98% 2,12% -2,92% -0,76% 0,89% 1,96%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0,05%

Net Expense Ratio: 0,04%

Top Holdings

Subject to Change.

as of 18 Jul 2024
as of 18 Jul 2024

Fund Top Holdings as of 18 Jul 2024

Name Market Value ISIN Weight
STATE STREET INSTITUTIONAL LIQ 295 732 609,43 - 5,58%
FED HM LN PC POOL SD8408 FR 03/54 FIXED 5.5 43 053 052,48 US3132DWKV45 0,81%
FNMA POOL MA4547 FN 02/52 FIXED 2 41 457 687,59 US31418EBR09 0,78%
FNMA POOL MA4701 FN 08/52 FIXED 4.5 39 486 166,70 US31418EGK01 0,75%
FNMA POOL FS2040 FN 02/52 FIXED VAR 36 049 527,87 US3140XHHS99 0,68%
FED HM LN PC POOL SD8177 FR 11/51 FIXED 2 34 648 624,98 US3132DWCN11 0,65%
FED HM LN PC POOL SD8167 FR 09/51 FIXED 2.5 33 258 955,94 US3132DWCC55 0,63%
FED HM LN PC POOL SD8193 FR 02/52 FIXED 2 30 370 380,93 US3132DWC684 0,57%
FNMA POOL MA4512 FN 01/52 FIXED 2.5 28 788 049,69 US31418EAN04 0,54%
FED HM LN PC POOL SD8178 FR 11/51 FIXED 2.5 28 608 859,33 US3132DWCP68 0,54%
Alle holdings downloaden: Daily

Index Top Holdings as of 18 Jul 2024

Name Weight
Fannie Mae or Freddie Mac 2 02/25/2051 7,08%
Fannie Mae or Freddie Mac 2 01/25/2050 4,86%
Fannie Mae or Freddie Mac 2.5 04/25/2051 3,82%
Ginnie Mae II Pool 2 12/20/2050 2,57%
Fannie Mae or Freddie Mac 2.5 10/25/2049 2,42%
Ginnie Mae II Pool 2.5 03/20/2051 2,37%
Ginnie Mae II Pool 2.5 01/20/2050 1,49%
Ginnie Mae II Pool 2 02/20/2050 1,17%
Fannie Mae or Freddie Mac 1.5 03/25/2036 1,16%
Fannie Mae or Freddie Mac 5.5 01/25/2053 1,07%

Sector Allocation

as of 18 Jul 2024
as of 18 Jul 2024

Fund Sector Breakdown as of 18 Jul 2024

Sector Weight
Mortgage Backed Securities 98,76%
Cash 1,24%

Index Sector Breakdown as of 18 Jul 2024

Sector Weight
Mortgage Backed Securities 100,00%

Maturity Ladder

as of 18 Jul 2024
as of 18 Jul 2024

Fund Maturity Ladder as of 18 Jul 2024

Name Weight
0 - 1 Year 1,26%
1 - 2 Years 0,21%
2 - 3 Years 0,97%
3 - 5 Years 10,47%
5 - 7 Years 15,08%
7 - 10 Years 59,71%
10 - 15 Years 12,30%

Index Maturity Ladder as of 18 Jul 2024

Name Weight
1 - 2 Years 0,37%
2 - 3 Years 0,96%
3 - 5 Years 12,93%
5 - 7 Years 17,63%
7 - 10 Years 66,44%
10 - 15 Years 1,67%

Quality Breakdown

as of 18 Jul 2024
as of 18 Jul 2024

Fund Quality Breakdown as of 18 Jul 2024

Name Weight
AAA 1,24%
AA1 98,76%

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Index Quality Breakdown as of 18 Jul 2024

Name Weight
AA1 100,00%

Fondsdocumentatie

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown.

Unless otherwise noted all information contained herein is that of the SPDR Portfolio Mortgage Backed Bond ETF.

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

Past performance is not a guarantee of future results.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

"Bloomberg®" and Bloomberg U.S. MBS Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR Portfolio Mortgage Backed Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Portfolio Mortgage Backed Bond ETF.

Prior to 09/23/2019, the SPDR® Portfolio Mortgage Backed Bond ETF was known as the SPDR® Bloomberg Barclays Mortgage Backed Bond ETF.

Prior to 09/23/2019, the ticker for SPMB was MBG.

Prior to 8/24/2021, the Bloomberg U.S. MBS Index was known as the Bloomberg Barclay U.S. MBS Index.