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SPDR® Portfolio Mortgage Backed Bond ETF SPMB

Important Risk Disclosure

NAV

NAV

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

$26.40

as of Jan 14 2021

Base Currency

USD

Assets Under Management

$2,940.90 M

as of Jan 14 2021

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.

0.08%


Key Features

Key Features

  • 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 the Bloomberg Barclays U.S. MBS 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 provide exposure to agency mortgage backed securities of the U.S. investment grade bond market
  • Rebalanced on the last business day of the month


About this Benchmark

About this Benchmark

The Bloomberg Barclays 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 Jan 14 2021

Fund Information as of Jan 14 2021
Benchmark Inception Date Options Available 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.

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, 2021. 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, 2021. This waiver and/or reimbursement may not be terminated prior to October 31, 2021 except with the approval of the Fund’s Board of Trustees.

Base Currency Investment Manager
Bloomberg Barclays U.S. MBS Index Jan 15 2009 No 0.08% 0.06% USD SSGA Funds Management, Inc.
Benchmark Bloomberg Barclays U.S. MBS Index
Inception Date Jan 15 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.

0.08%
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, 2021. 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, 2021. This waiver and/or reimbursement may not be terminated prior to October 31, 2021 except with the approval of the Fund’s Board of Trustees.

0.06%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Distributor Distribution Frequency
Global Fixed Income, Cash and Currency State Street Global Advisors Funds Distributors, LLC Monthly
Management Team Global Fixed Income, Cash and Currency
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Jan 14 2021

Listing Information as of Jan 14 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Jan 21 2009 USD SPMB 78464A383 US78464A3831
Exchange NYSE ARCA EXCHANGE
Listing Date Jan 21 2009
Trading Currency USD
Ticker SPMB
CUSIP 78464A383
ISIN US78464A3831

Fund Characteristics as of Jan 15 2021

Fund Characteristics as of Jan 15 2021
Number of Holdings Average Coupon

Average Coupon

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

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.

Average Price 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.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

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.

1,192 2.99% 3.65 $104.52 1.21% 2.75% 2.01 years
Number of Holdings 1,192
Average Coupon

Average Coupon

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

2.99%
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.

3.65
Average Price $104.52
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.

1.21%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

2.75%
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.

2.01 years
Option Adjusted Spread 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.

19.63 1.21%
Option Adjusted Spread 19.63
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.

1.21%

Index Characteristics as of Jan 15 2021

Index Characteristics as of Jan 15 2021
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
443 3.12% 3.98 $106.50 1.21% 2.92% 2.08 years
Number of Holdings 443
Average Coupon 3.12%
Average Maturity in Years 3.98
Average Price $106.50
Average Yield To Worst 1.21%
Current Yield 2.92%
Option Adjusted Duration 2.08 years
Option Adjusted Spread Yield to Maturity
19.24 1.21%
Option Adjusted Spread 19.24
Yield to Maturity 1.21%

Yields as of Jan 14 2021

Yields as of Jan 14 2021
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.

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 Dividend Yield

Fund Dividend Yield

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

0.92% 0.91% 2.95%
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.

0.92%
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.

0.91%
Fund Dividend Yield

Fund Dividend Yield

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

2.95%

Fund Market Price as of Jan 14 2021

Fund Market Price as of Jan 14 2021
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.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

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

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)

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.

$26.40 $26.41 $26.42 $26.40 59,616 0.02% 0.04%
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.

$26.40
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$26.41
Day High $26.42
Day Low $26.40
Exchange Volume (Shares)

Exchange Volume (shares)

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

59,616
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)

0.02%
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.

0.04%

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.

x axis: Dates
y axis: Premium or Discount (bps)

Number of Days Summary

Calendar Year 2020
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
180
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
73
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
Calendar Year 2020 180
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
Calendar Year 2020 73
Fund Data

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 Jan 14 2021

Fund Net Cash Amount as of Jan 14 2021
Net Cash Amount
-$102,474,977.13
Net Cash Amount -$102,474,977.13

Fund Net Asset Value as of Jan 14 2021

Fund Net Asset Value as of Jan 14 2021
NAV

NAV

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

Shares Outstanding Assets Under Management
$26.40 111.40 M $2,940.90 M
NAV

NAV

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

$26.40
Shares Outstanding 111.40 M
Assets Under Management $2,940.90 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Jan 15 2009

as of Dec 31 2020

as of Dec 31 2020

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 15 2009
Fund Before Tax
NAV Dec 31 2020 0.20% 0.28% 4.14% 4.14% 3.72% 2.93% 2.83% 3.26%
Market Value Dec 31 2020 0.19% 0.15% 4.11% 4.11% 3.74% 2.90% 2.85% 3.26%
Bloomberg Barclays U.S. MBS Index Dec 31 2020 0.22% 0.24% 3.87% 3.87% 3.71% 3.05% 3.01% 3.37%
Fund After Tax
Return after Taxes on Distributions Dec 31 2020 0.01% -0.11% 2.90% 2.90% 2.39% 1.61% 1.61% 2.01%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2020 0.12% 0.17% 2.44% 2.44% 2.27% 1.65% 1.64% 1.99%
Bloomberg Barclays U.S. MBS Index Dec 31 2020 0.22% 0.24% 3.87% 3.87% 3.71% 3.05% 3.01% 3.37%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Jan 15 2009
Fund Before Tax
NAV Dec 31 2020 0.20% 0.28% 4.14% 4.14% 3.72% 2.93% 2.83% 3.26%
Market Value Dec 31 2020 0.19% 0.15% 4.11% 4.11% 3.74% 2.90% 2.85% 3.26%
Bloomberg Barclays U.S. MBS Index Dec 31 2020 0.22% 0.24% 3.87% 3.87% 3.71% 3.05% 3.01% 3.37%
Fund After Tax
Return after Taxes on Distributions Dec 31 2020 0.01% -0.11% 2.90% 2.90% 2.39% 1.61% 1.61% 2.01%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2020 0.12% 0.17% 2.44% 2.44% 2.27% 1.65% 1.64% 1.99%
Bloomberg Barclays U.S. MBS Index Dec 31 2020 0.22% 0.24% 3.87% 3.87% 3.71% 3.05% 3.01% 3.37%

Performance quoted represents past performance, which is no guarantee of future results. 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.  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.

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: 0.08%

Net Expense Ratio: 0.06%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Jan 15 2021
Index Top Holdingsas of Jan 15 2021

Fund Top Holdings as of Jan 15 2021

Name Market Value ISIN Weight
STATE ST INST US GOV MM-G 0 00/00/0000 192,875,686.09 US8574924663 6.54%
Fannie Mae or Freddie Mac 2 12/31/2049 86,621,743.22 US01F0206205 2.94%
Freddie Mac 3 12/01/2049 58,219,403.63 US3132DMF266 1.97%
Government National Mortgage A 3 01/20/2050 34,753,614.72 US36179VDN73 1.18%
Government National Mortgage A 2.5 12/31/2049 34,047,340.28 US21H0226223 1.15%
Freddie Mac 2 01/01/2051 27,822,445.46 US3132DWAW38 0.94%
Freddie Mac 2 12/01/2050 27,734,894.41 US3132DWAN39 0.94%
Freddie Mac 2 11/01/2050 27,250,017.30 US3132DWAF05 0.92%
Government National Mortgage A 4 07/20/2049 26,749,210.08 US36179UV905 0.91%
Government National Mortgage A 2.5 10/20/2050 26,542,399.82 US36179VVY37 0.90%

Index Top Holdings as of Jan 15 2021

Name Weight
Fannie Mae Pool 2.5 03/25/2050 5.36%
Fannie Mae Pool 2 05/25/2050 4.84%
Freddie Mac 2 06/25/2050 4.03%
Ginnie Mae II Pool 2.5 02/20/2050 3.75%
Freddie Mac 2.5 03/25/2050 3.58%
Fannie Mae Pool 3 07/25/2049 2.13%
Fannie Mae or Freddie Mac 3 01/25/2046 1.90%
Ginnie Mae II Pool 3 08/20/2049 1.76%
Freddie Mac 3 08/25/2049 1.73%
Ginnie Mae II Pool 3 01/20/2050 1.68%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Jan 15 2021
Index Sector Breakdownas of Jan 15 2021

Fund Sector Breakdown as of Jan 15 2021

Sector Weight
Mortgage Backed Securities 96.66%
Cash 3.34%
Other 0.00%

Index Sector Breakdown as of Jan 15 2021

Sector Weight
Mortgage Backed Securities 100.00%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Jan 15 2021
Index Quality Breakdownas of Jan 15 2021

Fund Quality Breakdown as of Jan 15 2021

Name Weight
Aaa 100.00%

Index Quality Breakdown as of Jan 15 2021

Name Weight
Aaa 100.00%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Jan 15 2021
Index Maturity Ladderas of Jan 15 2021

Fund Maturity Ladder as of Jan 15 2021

Name Weight
0 - 1 Year 3.35%
1 - 2 Years 1.07%
2 - 3 Years 35.55%
3 - 5 Years 43.24%
5 - 7 Years 16.79%

Index Maturity Ladder as of Jan 15 2021

Name Weight
1 - 2 Years 4.12%
2 - 3 Years 12.57%
3 - 5 Years 68.44%
5 - 7 Years 13.77%
7 - 10 Years 1.09%

Purchase Information

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.


Fund Footnotes

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 Mortgage Backed 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.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

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.