Learn about the importance of a low-cost core and how to build it with SPDR Portfolio ETFs »


SPDR® Portfolio Intermediate Term Corporate Bond ETF SPIB

NAV
$32.05
as of Dec 05 2022
Base Currency
USD
Assets Under Management
$6,069.69 M
as of Dec 05 2022
Gross Expense Ratio
0.04%

Key Features


  • The SPDR® Portfolio Intermediate Term Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Intermediate US Corporate Index (the "Index")
  • One of the low cost core SPDR® Portfolio ETFs, a suite of portfolio building block designed to provide broad, diversified exposure to core asset classes
  • A low cost ETF that seeks to offer precise, comprehensive exposure to US corporate bonds that have a maturity greater than or equal to 1 year and less than 10 years
  • The Index includes investment grade, fixed rate, taxable, US dollar denominated debt with $300 million of par outstanding, and is market cap weighted and reconstituted on the last business day of the month

  • About this Benchmark


    The Bloomberg U.S. Intermediate Corporate Bond Index (the "Index") is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years. The Index is a component of the Bloomberg U.S. Corporate Index and includes investment grade, fixed-rate, taxable, U.S. dollar denominated debt with $300 million or more of par amount outstanding, issued by U.S. and non-U.S. industrial, utility, and financial institutions. Subordinated issues, securities with normal call and put provisions and sinking funds, medium-term notes (if they are publicly underwritten), 144A securities with registration rights, and global issues that are SEC-registered are included. Structured notes with embedded swaps or other special features, as well as private placements, floating- rate securities, and Eurobonds are excluded from the Index.


    Fund Information as of Dec 06 2022

    Benchmark Bloomberg U.S. Intermediate Corporate Bond Index
    Inception Date Feb 10 2009
    Options Available No
    Gross Expense Ratio
    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 Dec 06 2022

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Feb 11 2009 USD SPIB 78464A375 US78464A3757

    Fund Characteristics as of Dec 05 2022

    Number of Holdings 4,358
    Average Coupon
    3.55%
    Average Maturity in Years
    4.88
    Average Price $93.40
    Average Yield To Worst
    5.25%
    Option Adjusted Duration
    4.15 years
    Option Adjusted Spread 121.83
    Yield to Maturity
    5.25%

    Index Characteristics as of Dec 05 2022

    Number of Holdings 4,562
    Average Coupon 3.42%
    Average Maturity in Years 4.83
    Average Price $92.99
    Average Yield To Worst 5.21%
    Option Adjusted Duration 4.14 years
    Option Adjusted Spread 116.27
    Yield to Maturity 5.21%

    Yields as of Dec 05 2022

    30 Day SEC Yield
    5.28%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    2.51%

    Fund Market Price as of Dec 05 2022

    Bid/Ask
    $32.10
    Closing Price
    $32.10
    Day High $32.17
    Day Low $32.06
    Exchange Volume (Shares)
    606,277
    Premium/Discount
    0.15%
    30-Day Median Bid/Ask Spread
    0.03%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2021 First Quarter of 2022 Second Quarter of 2022 Third Quarter of 2022
    Days Traded at Premium
    180 37 18 45
    Days Traded at Discount
    72 25 44 19

    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 Dec 05 2022

    Net Cash Amount $26,562,874.08

    Fund Net Asset Value as of Dec 05 2022

    NAV
    $32.05
    Shares Outstanding 189.40 M
    Assets Under Management $6,069.69 M

    Fund Performance

    • Fund Inception Date: Feb 10 2009

    as of Oct 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Oct 31 2022 -0.43% -0.43% -12.33% -12.39% -2.14% 0.44% 1.51% 3.31%
    Market Value Oct 31 2022 -0.44% -0.44% -12.42% -12.51% -2.15% 0.41% 1.47% 3.30%
    Bloomberg U.S. Intermediate Corporate Bond Index Oct 31 2022 -0.41% -0.41% -12.17% -12.18% -2.08% 0.52% 1.62% 3.74%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2022 -0.54% -0.54% -12.95% -13.16% -2.96% -0.57% 0.40% 2.11%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 -0.25% -0.25% -7.28% -7.31% -1.93% -0.07% 0.68% 2.09%
    Bloomberg U.S. Intermediate Corporate Bond Index Oct 31 2022 -0.41% -0.41% -12.17% -12.18% -2.08% 0.52% 1.62% 3.74%

    as of Sep 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Sep 30 2022 -3.40% -3.22% -11.95% -12.50% -1.80% 0.57% 1.64% 3.36%
    Market Value Sep 30 2022 -3.34% -3.35% -12.03% -12.52% -1.85% 0.54% 1.57% 3.36%
    Bloomberg U.S. Intermediate Corporate Bond Index Sep 30 2022 -3.37% -3.11% -11.81% -12.30% -1.74% 0.65% 1.75% 3.80%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2022 -3.50% -3.49% -12.48% -13.22% -2.63% -0.45% 0.53% 2.17%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -2.01% -1.90% -7.06% -7.37% -1.67% 0.03% 0.78% 2.14%
    Bloomberg U.S. Intermediate Corporate Bond Index Sep 30 2022 -3.37% -3.11% -11.81% -12.30% -1.74% 0.65% 1.75% 3.80%

    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.

    The Bloomberg U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg U.S. Intermediate Corporate Bond Index and the Bloomberg U.S. Intermediate Credit Index. The index returns are reflective of the Bloomberg U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg U.S. Intermediate Corporate Bond Index effective 12/17/2010.

    Gross Expense Ratio: 0.04%


    Top Holdings

    as of Dec 05 2022
    as of Dec 05 2022

    Fund Top Holdings as of Dec 05 2022

    Name Market Value ISIN Weight
    WELLS FARGO & COMPANY 4.54 08/15/2026 15,590,365.74 US95000U3C57 0.26%
    MORGAN STANLEY 6.138 10/16/2026 12,339,381.08 US61747YEX94 0.21%
    BANK OF AMERICA CORP 3.97 03/05/2029 11,535,620.52 US06051GHG73 0.19%
    MORGAN STANLEY 6.296 10/18/2028 10,584,936.05 US61747YEV39 0.18%
    CENTENE CORP 3.375 02/15/2030 10,581,784.22 US15135BAV36 0.18%
    GOLDMAN SACHS GROUP INC 3.5 04/01/2025 10,298,840.44 US38141GXJ83 0.17%
    CITIGROUP INC 3.98 03/20/2030 9,663,586.57 US172967ME81 0.16%
    BARCLAYS PLC 7.437 11/02/2033 9,385,110.13 US06738ECE32 0.16%
    APPLE INC 3.2 05/13/2025 9,347,509.07 US037833BG48 0.16%
    WARNERMEDIA HOLDINGS INC 4.279 03/15/2032 8,803,023.68 US55903VAL71 0.15%

    Index Top Holdings as of Dec 05 2022

    Name ISIN Weight
    T-MOBILE USA INC 3.875 04/15/2030 US87264ABF12 0.16%
    BANK OF AMERICA CORP 3.419 12/20/2028 US06051GHD43 0.14%
    BANK OF AMERICA CORP 1.734 07/22/2027 US06051GJS93 0.13%
    BOEING CO 2.196 02/04/2026 US097023DG73 0.13%
    ABBVIE INC 3.2 11/21/2029 US00287YBX67 0.13%
    BANK OF AMERICA CORP 5.015 07/22/2033 US06051GKY43 0.13%
    CVS HEALTH CORP 4.3 03/25/2028 US126650CX62 0.12%
    DELL INT LLC / EMC CORP 6.02 06/15/2026 US24703TAD81 0.12%
    CHARTER COMM OPT LLC/CAP 4.908 07/23/2025 US161175AY09 0.11%
    JPMORGAN CHASE & CO 4.912 07/25/2033 US46647PDH64 0.11%

    Sector Allocation

    as of Dec 05 2022
    as of Dec 05 2022

    Fund Sector Breakdown as of Dec 05 2022

    Sector Weight
    CORPORATE - INDUSTRIAL 50.59%
    Corporate - Finance 43.16%
    Corporate - Utility 6.30%
    OTHER -0.04%

    Index Sector Breakdown as of Dec 05 2022

    Sector Weight
    CORPORATE - INDUSTRIAL 51.25%
    Corporate - Finance 42.65%
    Corporate - Utility 6.11%

    Quality Breakdown

    as of Dec 05 2022
    as of Dec 05 2022

    Fund Quality Breakdown as of Dec 05 2022

    Name Weight
    A- 0.01%
    AAA 0.58%
    A1 13.20%
    AA1 1.12%
    A2 14.63%
    AA2 0.68%
    A3 16.98%
    AA3 3.57%
    BA1 0.01%
    BAA1 13.80%
    BAA2 19.13%
    BAA3 16.22%
    Not Rated 0.06%

    Index Quality Breakdown as of Dec 05 2022

    Name Weight
    AAA 0.71%
    A1 13.84%
    AA1 1.19%
    A2 14.87%
    AA2 0.77%
    A3 16.45%
    AA3 3.79%
    BAA1 14.76%
    BAA2 18.82%
    BAA3 14.81%

    Maturity Ladder

    as of Dec 05 2022
    as of Dec 05 2022

    Fund Maturity Ladder as of Dec 05 2022

    Name Weight
    0 - 1 Year 0.23%
    1 - 2 Years 12.84%
    2 - 3 Years 16.97%
    3 - 5 Years 27.55%
    5 - 7 Years 17.56%
    7 - 10 Years 24.48%
    10 - 15 Years 0.31%
    > 30 Years 0.04%

    Index Maturity Ladder as of Dec 05 2022

    Name Weight
    1 - 2 Years 14.33%
    2 - 3 Years 15.88%
    3 - 5 Years 27.45%
    5 - 7 Years 16.64%
    7 - 10 Years 25.70%

    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® Portfolio Intermediate Term 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.

    The Bloomberg U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg U.S. Intermediate Corporate Bond Index and the Bloomberg U.S. Intermediate Credit Index. The index returns are reflective of the Bloomberg U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg U.S. Intermediate Corporate Bond Index effective 12/17/2010.

    "Bloomberg®" and Bloomberg U.S. Intermediate 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 Portfolio Intermediate Term Corporate Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Portfolio Intermediate Term Corporate Bond ETF.

    Prior to 8/24/2021, the Bloomberg U.S. Corporate Bond Index was known as the Bloomberg Barclays U.S. Intermediate Corporate Bond Index.