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SPDR® Bloomberg International Corporate Bond ETF IBND

NAV

NAV

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

$28.88
as of Feb 22 2024
Base Currency
USD
Assets Under Management
$176.18 M
as of Feb 22 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.

0.50%

Key Features

  • The SPDR® Bloomberg International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond Index (the "Index")
  • Seeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United States
  • The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining
  • Market cap weighted and reconstituted on the last business day of the month
  • About this Benchmark

    The Bloomberg  Global Aggregate ex-USD >$1B: Corporate Bond Index is designed to be a broad based measure of the global investment-grade, fixed rate, fixed income corporate markets outside the United States. The Index is part of the Bloomberg  Global ex-USD Aggregate Bond Index (the "Aggregate Index"). The major components of the Aggregate Index are the Pan-European Aggregate and the Asian Pacific Aggregate Indices. The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Securities must be fixed rate, although zero coupon bonds and step-ups are permitted. Additionally, securities must be rated investment grade (Baa3/BBB-/BBB- or better) using the middle rating from Moody's Investors Service, Inc., Fitch Ratings, Inc., or S&P Global Ratings after dropping the highest and lowest available ratings. If only two agencies rate a security, then the more conservative (lower) rating will be used. If only one rating agency rates a security, then that one rating will be used. Excluded from the Index are subordinated debts, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, inflation-linked bonds, and structured notes. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month.

    Fund Information as of Feb 24 2024

    Benchmark Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
    Inception Date May 19 2010
    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.

    0.50%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Feb 24 2024

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE May 20 2010 USD IBND 78464A151 US78464A1512

    Fund Characteristics as of Feb 22 2024

    Number of Holdings 802
    Average Coupon

    Average Coupon

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

    2.19%
    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.

    5.32
    Average Price $93.38
    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.

    3.78%
    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.

    4.56 years
    Option Adjusted Spread 104.06
    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.

    3.78%

    Index Characteristics as of Feb 22 2024

    Number of Holdings 959
    Average Coupon 2.31%
    Average Maturity in Years 5.32
    Average Price $94.47
    Average Yield To Worst 3.77%
    Option Adjusted Duration 4.55 years
    Option Adjusted Spread 103.24
    Yield to Maturity 3.77%

    Yields as of Feb 22 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.

    3.19%
    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.

    -
    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.

    2.22%

    Fund Market Price as of Feb 22 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.

    $28.96
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    $28.93
    Day High $28.93
    Day Low $28.87
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    2,099
    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)

    0.29%
    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.

    0.14%

    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

    Calendar Year 2023
    Days Traded at Premium

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

    219
    Days Traded at Discount

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

    31

    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, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Feb 22 2024

    Net Cash Amount $1,909,148.33

    Fund Net Asset Value as of Feb 22 2024

    NAV

    NAV

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

    $28.88
    Shares Outstanding 6.10 M
    Assets Under Management $176.18 M

    Fund Performance

    • Fund Inception Date: May 19 2010

    as of Jan 31 2024

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 19 2010
    Fund Before Tax
    NAV Jan 31 2024 -1.66% -1.66% -1.66% 5.27% -6.76% -1.65% -1.40% 0.86%
    Market Value Jan 31 2024 -2.58% -2.58% -2.58% 4.25% -6.93% -1.74% -1.48% 0.83%
    Benchmark
    Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
    Jan 31 2024 -1.61% -1.61% -1.61% 5.68% -6.34% -1.18% -0.92% 1.34%
    Fund After Tax
    Return after Taxes on Distributions Jan 31 2024 -1.66% -1.66% -1.66% 4.33% -7.15% -1.93% -1.63% 0.50%
    Return after Taxes on Distributions and Sale of Fund Shares Jan 31 2024 -0.98% -0.98% -0.98% 3.09% -5.23% -1.36% -1.14% 0.53%
    Benchmark
    Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
    Jan 31 2024 -1.61% -1.61% -1.61% 5.68% -6.34% -1.18% -0.92% 1.34%

    as of Dec 31 2023

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 19 2010
    Fund Before Tax
    NAV Dec 31 2023 4.07% 10.23% 11.13% 11.13% -6.57% -0.97% -1.31% 0.99%
    Market Value Dec 31 2023 4.50% 10.79% 10.74% 10.74% -6.55% -1.00% -1.30% 1.03%
    Benchmark
    Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
    Dec 31 2023 4.07% 10.26% 11.75% 11.75% -6.14% -0.50% -0.83% 1.47%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2023 3.90% 9.86% 10.13% 10.13% -6.96% -1.25% -1.54% 0.63%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2023 2.41% 6.05% 6.55% 6.55% -5.08% -0.85% -1.07% 0.63%
    Benchmark
    Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
    Dec 31 2023 4.07% 10.26% 11.75% 11.75% -6.14% -0.50% -0.83% 1.47%

    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: 0.50%

    Top Holdings

    Subject to change.

    as of Feb 22 2024
    as of Feb 22 2024

    Fund Top Holdings as of Feb 22 2024

    Name Market Value ISIN Weight
    SEVEN + I HOLDINGS SR UNSECURED 12/25 0.19 661,949.88 JP342295BLC8 0.38%
    NTT FINANCE CORP SR UNSECURED 06/33 0.838 651,153.54 JP316572DP79 0.37%
    NTT FINANCE CORP COMPANY GUAR 09/30 0.38 646,791.95 JP316572DLC8 0.37%
    SANOFI SA SR UNSECURED REGS 03/30 1.375 583,397.03 FR0013324357 0.33%
    SOCIETE GENERALE REGS 12/30 VAR 543,420.89 FR001400EHG3 0.31%
    BNP PARIBAS REGS 01/27 VAR 522,898.25 FR0013398070 0.30%
    BANK OF AMERICA CORP SR UNSECURED REGS 05/26 VAR 520,945.88 XS1991265478 0.30%
    TOTALENERGIES CAPITAL COMPANY GUAR REGS 09/29 2.125 505,169.04 XS1111559925 0.29%
    INTESA SANPAOLO SPA REGS 03/28 VAR 500,570.37 XS2592650373 0.28%
    SOCIETE GENERALE REGS 01/27 0.75 493,986.66 FR0013479276 0.28%

    Index Top Holdings as of Feb 22 2024

    Name ISIN Weight
    UBS GROUP AG 7.75 03/01/2029 CH1214797172 0.34%
    ANHEUSER-BUSCH INBEV SA/ 2 03/17/2028 BE6285455497 0.28%
    COOPERATIEVE RABOBANK UA 4.125 07/14/2025 XS0525602339 0.27%
    ANHEUSER-BUSCH INBEV SA/ 2.75 03/17/2036 BE6285457519 0.25%
    VOLKSWAGEN INTL FIN NV 1.875 03/30/2027 XS1586555945 0.23%
    NTT FINANCE CORP .38 09/20/2030 JP316572DLC8 0.23%
    JPMORGAN CHASE & CO 1.963 03/23/2030 XS2461234622 0.22%
    BNP PARIBAS 2.125 01/23/2027 FR0013398070 0.21%
    MORGAN STANLEY 4.656 03/02/2029 XS2595028536 0.20%
    BANCO SANTANDER SA 4.875 10/18/2031 XS2705604234 0.20%

    Sector Allocation

    as of Feb 22 2024
    as of Feb 22 2024

    Fund Sector Breakdown as of Feb 22 2024

    Sector Weight
    Corporate - Finance 54.37%
    CORPORATE - INDUSTRIAL 40.63%
    Corporate - Utility 4.42%
    Cash 0.58%

    Index Sector Breakdown as of Feb 22 2024

    Sector Weight
    Corporate - Finance 55.27%
    CORPORATE - INDUSTRIAL 40.28%
    Corporate - Utility 4.45%

    Quality Breakdown

    as of Feb 22 2024
    as of Feb 22 2024

    Fund Quality Breakdown as of Feb 22 2024

    Name Weight
    AAA 0.94%
    AA1 0.80%
    AA2 1.81%
    AA3 12.11%
    A1 13.72%
    A2 11.95%
    A3 29.43%
    BAA1 14.29%
    BAA2 12.01%
    BAA3 2.92%

    Index Quality Breakdown as of Feb 22 2024

    Name Weight
    AAA 0.37%
    AA1 0.75%
    AA2 1.80%
    AA3 11.35%
    A1 15.24%
    A2 12.25%
    A3 28.96%
    BAA1 14.61%
    BAA2 11.76%
    BAA3 2.92%

    Maturity Ladder

    as of Feb 22 2024
    as of Feb 22 2024

    Fund Maturity Ladder as of Feb 22 2024

    Name Weight
    0 - 1 Year 1.15%
    1 - 2 Years 15.08%
    2 - 3 Years 17.93%
    3 - 5 Years 23.29%
    5 - 7 Years 19.28%
    7 - 10 Years 15.11%
    10 - 15 Years 4.07%
    15 - 20 Years 3.03%
    20 - 30 Years 0.71%
    > 30 Years 0.34%

    Index Maturity Ladder as of Feb 22 2024

    Name Weight
    1 - 2 Years 15.25%
    2 - 3 Years 18.02%
    3 - 5 Years 25.11%
    5 - 7 Years 17.03%
    7 - 10 Years 16.13%
    10 - 15 Years 4.75%
    15 - 20 Years 2.69%
    20 - 30 Years 0.65%
    > 30 Years 0.37%

    Geographical Breakdown

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    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. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

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

    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.

    Unless otherwise noted all information contained herein is that of the SPDR® Bloomberg International Corporate Bond ETF.

    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.

    SSGA Funds Management has retained State Street Global Advisors Limited as the sub-advisor.

    Prior to 10/31/2021, the SPDR Bloomberg International Corporate Bond ETF was known as the SPDR Bloomberg Barclays International Corporate Bond ETF.

    Prior to 8/24/2021, the Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index was known as the Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index.

    "Bloomberg®" and Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond 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 Bloomberg International Corporate Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg International Corporate Bond ETF.