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Fixed Income
Objective Thinking Yields Innovative Solutions
Efficiently accessing the targeted levels of income generation, capital preservation and risk exposure offered by fixed income can be challenging for investors of all sizes. This is especially true in less liquid sectors and regions. State Street’s SPDR® fixed income ETFs provide a cost-effective, liquid and transparent way to build your fixed income portfolio.
Intelligent fixed income indexing is in our DNA. Our fixed income ETFs are built and powered by the same expertise and resources that have made us one of the world’s leading fixed income institutional managers and a pioneer in ETF investing.
Across regions and sectors, we bring a unique combination of market knowledge, product expertise and scale to our SPDR ETF fixed income range. As the creator of the first US-listed ETF, we have more than 25 years of experience helping investors build strong, flexible portfolios.
in fixed income assets 1
dedicated fixed income professionals
of fixed income indexing experience
Explore our market insights into how investors can use ETFs to efficiently construct fixed income portfolios and capitalize on current opportunities.
Bond Compass Q4 2020
Access our comprehensive quarterly report on fixed income flows and holdings. Our analysis includes investor trends across $10 trillion of assets,2 as well as SPDR fixed income ETF implementation ideas for the upcoming quarter.
Latest Fixed Income Insights
We have developed a broad suite of fixed income ETFs to help investors build custom portfolios to pursue their goals. This breadth empowers us to provide innovative solutions powered by objective thinking.
Our fund family covers everything from government bonds to corporates, emerging market debt, high yield, and convertibles – and everything in between.
Since their introduction in 2002, fixed income ETFs have helped investors to:
Lower Costs
Across indexed and active strategies, ETFs have expense ratios that are significantly lower than mutual funds.3 These savings can have a meaningful impact on performance, especially in a low-yield environment.
Improve Liquidity
ETFs' robust secondary market trading allows investors to tap into market liquidity more easily and reallocate more quickly than they can with single-CUSIP bond holdings.
Increase Transparency
Index-based and actively managed ETFs report holdings daily, increasing transparency for investors performing daily portfolio due diligence and attribution for risk management.
Target Duration
ETFs precisely cover the entire term structure along the yield curve, so investors can fine tune a portfolio’s interest rate risk (duration) to match market views or client liabilities.
Modulate Credit Risk
Ranging from investment-grade credit to crossover debt to senior loans to high yield, ETFs allow investors to control the amount of credit risk in a portfolio with ease and transparency.
Investors implement fixed income ETFs for a broad array of objectives, including:
- Creating custom portfolios using indexes across a wide array of bond subsectors
- Building adaptable beta solutions to equitize cash or provide easy reinvestment of accumulated coupon payments
- Targeting trends by rotating efficiently in and out of asset classes based on macro, technical or fundamental trends
1 State Street Global Advisors, as of September 30, 2020.
2 State Street Form 10-K, as of December 31, 2019. The fixed income flows and holdings indicators produced by State Street Global markets, the investment, research and trading division of State Street Corporation, are based on aggregated and anonymized custody data provided to it by State Street, in its role as custodian. State Street Global Advisors does not have access to the underlying custody data used to produce the indicators.
3 Morningstar as of June 29, 2020.