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SPDR® Portfolio Long Term Corporate Bond ETF SPLB

NAV
$23.85
as of Feb 06 2023
Base Currency
USD
Assets Under Management
$676.10 M
as of Feb 06 2023
Gross Expense Ratio
0.04%

Key Features


  • The SPDR® Portfolio Long 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 Long U.S. Corporate Index (the "Index")
  • One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks 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 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. Long Term 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 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 Feb 07 2023

    Benchmark Bloomberg U.S. Long Term Corporate Bond Index
    Inception Date Mar 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 Feb 07 2023

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Mar 11 2009 USD SPLB 78464A367 US78464A3674

    Fund Characteristics as of Feb 06 2023

    Number of Holdings 2,868
    Average Coupon
    4.52%
    Average Maturity in Years
    23.14
    Average Price $90.54
    Average Yield To Worst
    5.19%
    Option Adjusted Duration
    13.33 years
    Option Adjusted Spread 145.07
    Yield to Maturity
    5.19%

    Index Characteristics as of Feb 06 2023

    Number of Holdings 2,811
    Average Coupon 4.54%
    Average Maturity in Years 22.90
    Average Price $90.81
    Average Yield To Worst 5.18%
    Option Adjusted Duration 13.22 years
    Option Adjusted Spread 144.43
    Yield to Maturity 5.18%

    Yields as of Feb 03 2023

    30 Day SEC Yield
    5.19%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    4.25%

    Fund Market Price as of Feb 06 2023

    Bid/Ask
    $23.86
    Closing Price
    $23.87
    Day High $23.90
    Day Low $23.80
    Exchange Volume (Shares)
    54,812
    Premium/Discount
    0.05%
    30-Day Median Bid/Ask Spread
    0.04%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2022
    Days Traded at Premium
    160
    Days Traded at Discount
    91

    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 06 2023

    Net Cash Amount $6,740,443.20

    Fund Net Asset Value as of Feb 06 2023

    NAV
    $23.85
    Shares Outstanding 28.35 M
    Assets Under Management $676.10 M

    Fund Performance

    • Fund Inception Date: Mar 10 2009

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Mar 10 2009
    Fund Before Tax
    NAV Dec 31 2022 -1.57% 4.93% -25.87% -25.87% -6.10% -1.07% 2.06% 5.64%
    Market Value Dec 31 2022 -2.33% 4.99% -25.60% -25.60% -6.11% -1.10% 2.09% 5.65%
    Bloomberg U.S. Long Term Corporate Bond Index Dec 31 2022 -1.15% 5.40% -25.62% -25.62% -5.72% -0.75% 2.23% 6.20%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -1.86% 4.26% -27.12% -27.12% -7.41% -2.57% 0.32% 3.72%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.92% 2.91% -15.27% -15.27% -5.00% -1.34% 0.84% 3.69%
    Bloomberg U.S. Long Term Corporate Bond Index Dec 31 2022 -1.15% 5.40% -25.62% -25.62% -5.72% -0.75% 2.23% 6.20%

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Mar 10 2009
    Fund Before Tax
    NAV Dec 31 2022 -1.57% 4.93% -25.87% -25.87% -6.10% -1.07% 2.06% 5.64%
    Market Value Dec 31 2022 -2.33% 4.99% -25.60% -25.60% -6.11% -1.10% 2.09% 5.65%
    Bloomberg U.S. Long Term Corporate Bond Index Dec 31 2022 -1.15% 5.40% -25.62% -25.62% -5.72% -0.75% 2.23% 6.20%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -1.86% 4.26% -27.12% -27.12% -7.41% -2.57% 0.32% 3.72%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.92% 2.91% -15.27% -15.27% -5.00% -1.34% 0.84% 3.69%
    Bloomberg U.S. Long Term Corporate Bond Index Dec 31 2022 -1.15% 5.40% -25.62% -25.62% -5.72% -0.75% 2.23% 6.20%

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

    Gross Expense Ratio: 0.04%


    Top Holdings

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Top Holdings as of Feb 06 2023

    Name Market Value ISIN Weight
    ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 2,467,844.98 US03522AAJ97 0.38%
    CVS HEALTH CORP 5.05 03/25/2048 2,282,413.92 US126650CZ11 0.35%
    ANHEUSER-BUSCH CO/INBEV 4.7 02/01/2036 2,117,208.65 US03522AAH32 0.32%
    WARNERMEDIA HOLDINGS INC 5.391 03/15/2062 2,042,115.91 US55903VAS25 0.31%
    BOEING CO 5.805 05/01/2050 1,757,598.18 US097023CW33 0.27%
    AT&T INC 3.8 12/01/2057 1,746,553.56 US00206RMN97 0.27%
    ABBVIE INC 4.25 11/21/2049 1,654,370.72 US00287YCB39 0.25%
    AT&T INC 3.5 09/15/2053 1,613,195.14 US00206RKJ04 0.25%
    CHARTER COMM OPT LLC/CAP 6.384 10/23/2035 1,611,896.68 US161175AZ73 0.25%
    WELLS FARGO & COMPANY 5.013 04/04/2051 1,589,506.22 US95000U2M49 0.24%

    Index Top Holdings as of Feb 06 2023

    Name ISIN Weight
    ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 US03522AAJ97 0.43%
    CVS HEALTH CORP 5.05 03/25/2048 US126650CZ11 0.36%
    GOLDMAN SACHS GROUP INC 6.75 10/01/2037 US38141GFD16 0.29%
    WARNERMEDIA HOLDINGS INC 5.141 03/15/2052 US55903VAQ68 0.27%
    BOEING CO 5.805 05/01/2050 US097023CW33 0.26%
    AT&T INC 3.5 09/15/2053 US00206RKJ04 0.26%
    AT&T INC 3.55 09/15/2055 US00206RLJ94 0.26%
    WELLS FARGO & COMPANY 5.013 04/04/2051 US95000U2M49 0.26%
    ANHEUSER-BUSCH CO/INBEV 4.7 02/01/2036 US03522AAH32 0.24%
    ABBVIE INC 4.25 11/21/2049 US00287YCB39 0.24%

    Sector Allocation

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Sector Breakdown as of Feb 06 2023

    Sector Weight
    CORPORATE - INDUSTRIAL 71.52%
    Corporate - Finance 16.63%
    Corporate - Utility 12.06%
    OTHER -0.21%

    Index Sector Breakdown as of Feb 06 2023

    Sector Weight
    CORPORATE - INDUSTRIAL 70.48%
    Corporate - Finance 17.27%
    Corporate - Utility 12.25%

    Quality Breakdown

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Quality Breakdown as of Feb 06 2023

    Name Weight
    AAA 2.03%
    AA1 1.70%
    AA2 1.91%
    AA3 4.91%
    A1 9.02%
    A2 15.91%
    A3 14.49%
    A- 0.07%
    BAA1 18.70%
    BAA2 19.60%
    BAA3 11.61%
    Not Rated 0.04%

    Index Quality Breakdown as of Feb 06 2023

    Name Weight
    AAA 2.32%
    AA1 1.80%
    AA2 2.00%
    AA3 5.02%
    A1 9.77%
    A2 15.09%
    A3 14.38%
    BAA1 19.43%
    BAA2 19.04%
    BAA3 11.14%

    Maturity Ladder

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Maturity Ladder as of Feb 06 2023

    Name Weight
    0 - 1 Year -0.21%
    3 - 5 Years 0.02%
    5 - 7 Years 0.04%
    7 - 10 Years 1.86%
    10 - 15 Years 10.21%
    15 - 20 Years 22.66%
    20 - 30 Years 57.16%
    > 30 Years 8.25%

    Index Maturity Ladder as of Feb 06 2023

    Name Weight
    10 - 15 Years 14.74%
    15 - 20 Years 21.21%
    20 - 30 Years 56.02%
    > 30 Years 8.03%

    Purchase Information


    Buying and Selling ETFs

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

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

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