ICE Data Indices announced a delay to the rebalance of their fixed income indices, originally scheduled prior to market open on March 31, 2020, due to current market conditions. For SPDR ETFs tracking these benchmarks, the fund will resume its normal rebalance on 30 April and will pick up all changes that were deferred from the March rebalancing along with the normal April changes. For more information, email ICEIndices@theice.com.


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)

$92.25

as of 02 Apr 2020

Base Fund Currency

USD

1 Day Nav Change

+$0.23 (+0.25%)

as of 02 Apr 2020

Assets Under Management (millions)

$12.69 M

as of 02 Apr 2020

TER

0.50%

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as of 29 Feb 2020


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 02 Apr 2020

Fund Information as of 02 Apr 2020
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 Securities Lending
Yes No
UK Reporting Status Yes
Securities Lending No

Listing and Ticker Information as of 03 Apr 2020

Listing and Ticker Information as of 03 Apr 2020

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 02 Apr 2020

Fund Characteristics as of 02 Apr 2020
Current Yield Effective Convexity Effective Duration Number of Holdings Yield to Maturity Average Maturity in Years Average Price
5.51% 0.54% 5.24 120 5.98% 7.86 $98.91
Current Yield 5.51%
Effective Convexity 0.54%
Effective Duration 5.24
Number of Holdings 120
Yield to Maturity 5.98%
Average Maturity in Years 7.86
Average Price $98.91

Fund Market Price as of 02 Apr 2020

Fund Market Price as of 02 Apr 2020
Bid Price Offer Price Closing Price Bid/Offer Spread Day High Day Low 52 Week High
€83.40 €84.68 €84.04 €1.28 €84.26 €83.45 €96.60
Bid Price €83.40
Offer Price €84.68
Closing Price €84.04
Bid/Offer Spread €1.28
Day High €84.26
Day Low €83.45
52 Week High €96.60
52 Week Low
€81.68
52 Week Low €81.68

Fund Net Asset Value as of 02 Apr 2020

Fund Net Asset Value as of 02 Apr 2020
NAV USD (Official NAV) NAV EUR NAV GBP Assets Under Management (millions) Shares in Issue
$92.25 €84.92 £74.52 $12.69 M 137,579
NAV USD (Official NAV) $92.25
NAV EUR €84.92
NAV GBP £74.52
Assets Under Management (millions) $12.69 M
Shares in Issue 137,579
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 02 Apr 2020

Yields as of 02 Apr 2020
Distribution Yield

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

4.57%
Distribution Yield

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

4.57%

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 29 Feb 2020 0.11% 2.62% 1.70% 11.42% 18.66% 31.45% 37.13%
Difference 29 Feb 2020 -0.17% -0.26% -0.19% -0.64% -1.69% -3.20% -4.08%
Fund Gross 29 Feb 2020 0.15% 2.74% 1.79% 11.98% 20.45% 34.77% 42.19%
Difference 29 Feb 2020 -0.13% -0.13% -0.10% -0.09% 0.10% 0.12% 0.98%
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
29 Feb 2020 0.28% 2.87% 1.89% 12.06% 20.35% 34.65% 41.21%

as of 29 Feb 2020

As Of 1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception
19 Nov 2012
Fund Net 29 Feb 2020 0.11% 2.62% 1.70% 11.42% 5.87% 5.62% 4.43%
Difference 29 Feb 2020 -0.17% -0.26% -0.19% -0.64% -0.50% -0.51% -0.42%
Fund Gross 29 Feb 2020 0.15% 2.74% 1.79% 11.98% 6.40% 6.15% 4.96%
Difference 29 Feb 2020 -0.13% -0.13% -0.10% -0.09% 0.03% 0.02% 0.10%
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
29 Feb 2020 0.28% 2.87% 1.89% 12.06% 6.37% 6.13% 4.86%

as of 29 Feb 2020

2020 (YTD) 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Net 1.70% 13.02% -1.13% 7.32% 9.55% 0.14% 3.45% -2.64% 1.76% - -
Difference -0.19% -0.98% 0.23% -0.65% -0.75% -0.24% 0.01% -0.54% -0.06% - -
Fund Gross 1.79% 13.58% -0.64% 7.86% 10.10% 0.64% 3.97% -2.16% 1.82% - -
Difference -0.10% -0.42% 0.73% -0.11% -0.20% 0.26% 0.53% -0.05% 0.00% - -
Index
ICE BofAML Emerging Markets Diversified Corporate ex-144A Index
1.89% 14.00% -1.37% 7.97% 10.30% 0.37% 3.44% -2.10% 1.82% 4.73% 12.47%

as of 29 Feb 2020

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 29 Feb 2020

Deviation & Tracking Error as of 29 Feb 2020

Standard Deviation Tracking Error
2.77% 0.41%
Standard Deviation 2.77%
Tracking Error 0.41%

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


Top Holdings

Top Holdings
Fund Top Holdingsas of 02 Apr 2020

Fund Top Holdings as of 02 Apr 2020

Security Name Weight
RELIANCE HOLDINGS USA 5.4 02/14/2022 2.05%
CHINA OVERSEAS FIN 4.75 04/26/2028 1.80%
STATE GRID OVERSEAS INV 4.125 05/07/2024 1.72%
MMC NORILSK (MMC FIN) 6.625 10/14/2022 1.71%
TENCENT HOLDINGS LTD 3.8 02/11/2025 1.68%
ALIBABA GROUP HOLDING 3.6 11/28/2024 1.67%
ICBCIL FINANCE CO LTD 3.125 11/15/2022 1.65%
SINOPEC GRP OVERSEA 2012 3.9 05/17/2022 1.64%
BANK OF CHINA/HONG KONG 3 02/14/2022 1.62%
COUNTRY GARDEN HLDGS 7.25 04/08/2026 1.62%
Download All Holdings: Download Daily Holdings

Sector Allocation

Sector Allocation
Fund Sector Allocationas of 02 Apr 2020

Fund Sector Allocation as of 02 Apr 2020

Sector Weight
Non Corporates 52.25%
Corporate - Industrial 35.96%
Corporate - Finance 7.04%
Corporate - Utility 4.21%
Cash 0.54%

Geographical Weights

Geographical Weights

Fund Maturity Ladderas of 02 Apr 2020

Fund Maturity Ladder
as of 02 Apr 2020
0 - 1 Year 2.16%
1 - 2 Years 10.14%
2 - 3 Years 13.91%
3 - 5 Years 24.36%
5 - 7 Years 16.55%
7 - 10 Years 11.50%
10 - 15 Years 3.50%
15 - 20 Years 8.57%
20 - 30 Years 8.93%
> 30 Years 0.37%

Fund Quality Breakdownas of 02 Apr 2020

Fund Quality Breakdown
as of 02 Apr 2020
Aaa 0.54%
Aa 3.19%
A 31.56%
Baa 46.33%
Below Baa 18.38%

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.