Investment Capabilities

Fixed Income Built on Liquidity

Introducing the SPDR® MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG). Designed to provide liquid, transparent, and efficient access to the investment-grade corporate bond market.

Innovation for Fragmented Credit Markets

With $1.2 trillion in AUM,¹ fixed income ETFs have emerged as effective tools for liquidity and price discovery. But investor demand remains for more liquid, transparent, and efficient exposure to the full curve of the US investment-grade credit market.

Now, investors can gain the US investment-grade bond market exposure they want while seeking enhanced liquidity. And more accurate real-time pricing visibility into the corporate bond market means potentially tighter bid-ask spreads and less volatile premium/discounts.

LQIG

Combining the transparency and tradability of an ETF with tracking an index utilizing proprietary liquidity data, LQIG seeks to deliver access to US investment-grade bonds with higher-than-average liquidity relative to the broader US corporate bond market.

SPDR ETFs and MarketAxess: Partners in Innovation

SPDR ETFs partnered with MarketAxess to build a new kind of fixed income solution designed for liquidity and tradability.

Having launched the first US-listed ETF in 1993, SPDR ETFs is a liquidity leader.² Our nearly 40 fixed income ETFs are backed by the skill of our global institutional fixed income portfolio management team.

As one of the world’s largest institutional electronic fixed income trading venues,³ MarketAxess offers unique insight into bond market liquidity and pricing:

Relative Liquidity Score (RLS)

The RLS quantifies bond liquidity relative to other securities, to quickly assess how liquid a bond is using a 1 to 10 scale.

Composite+ (CP+)

CP+ is a proprietary pricing algorithm for two-way (bid/offer) bond prices that are updated every 15 to 60 seconds.

A Solution to the Corporate Bond Market Liquidity Challenge

Learn how a data-driven approach to indexation, combined with the ETF product structure, can increase liquidity in fixed income portfolios.

Learn More

Fixed Income SPDR ETF Insights

Intelligent fixed income investing is in our DNA. View all SPDR fixed income ETFs and explore ways to incorporate them into your portfolio.

Get the Latest Fixed Income Insights

Important Risk Information
For institutional / professional investors use only.

Investing involves risk of including the risk of loss of principal.

The value of the debt securities may increase or decrease as a result of the following: market fluctuations, increases in interest rates, inability of issuers to repay principal and interest or illiquidity in the debt securities markets; the risk of low rates of return due to reinvestment of securities during periods of falling interest rates or repayment by issuers with higher coupon or interest rates; and/or the risk of low income due to falling interest rates. To the extent that interest rates rise, certain underlying obligations may be paid off substantially slower than originally anticipated and the value of those securities may fall sharply. This may result in a reduction in income from debt securities income.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

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2732006.7.1.AM.INST

Exp. 01.31.2023

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