SPDR® Bloomberg Emerging Markets USD Bond ETF EMHC

NAV
$24.00
as of Feb 06 2023
Base Currency
USD
Assets Under Management
$134.41 M
as of Feb 06 2023
Gross Expense Ratio
0.23%

Key Features


  • The SPDR® Bloomberg Emerging Markets USD Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Emerging USD Bond Core Index (the "Index")
  • Designed to provide broad exposure to fixed-rate US dollar-denominated debt issued by sovereign and quasi-sovereign (government owned and government guaranteed) emerging market issuers
  • May be used to seek income with diversification benefits for a fixed income portfolio

  • About this Benchmark


    The Bloomberg  Emerging USD Bond Core Index is designed to measure the performance of fixed-rate US dollar-denominated debt issued by sovereign and quasi-sovereign (government owned and government guaranteed) emerging market issuers. The Index includes bonds with a minimum par outstanding amount of $500 million, a remaining maturity of at least two years and an original maturity greater than five years. The index employs a 5% country cap (by amount outstanding) and includes both a rating floor and cap. The Index is rebalanced and reconstituted monthly on the last business day of the month.


    Fund Information as of Feb 07 2023

    Benchmark Bloomberg Emerging USD Bond Core Index
    Inception Date Apr 06 2021
    Options Available Yes
    Gross Expense Ratio
    0.23%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Fixed Income, Currency & Cash Investments Team
    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 Apr 07 2021 USD EMHC 78468R515 US78468R5155

    Fund Characteristics as of Feb 06 2023

    Number of Holdings 421
    Average Coupon
    5.14%
    Average Maturity in Years
    12.82
    Average Price $90.60
    Average Yield To Worst
    6.55%
    Option Adjusted Duration
    7.42 years
    Option Adjusted Spread 270.43
    Yield to Maturity
    6.55%

    Index Characteristics as of Feb 06 2023

    Number of Holdings 896
    Average Coupon 5.21%
    Average Maturity in Years 12.79
    Average Price $91.79
    Average Yield To Worst 6.49%
    Option Adjusted Duration 7.41 years
    Option Adjusted Spread 267.48
    Yield to Maturity 6.49%

    Yields as of Feb 03 2023

    30 Day SEC Yield
    6.35%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    4.90%

    Fund Market Price as of Feb 06 2023

    Bid/Ask
    $24.00
    Closing Price
    $23.99
    Day High $24.27
    Day Low $23.99
    Exchange Volume (Shares)
    6,505
    Premium/Discount
    0.00%
    30-Day Median Bid/Ask Spread
    0.08%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2022
    Days Traded at Premium
    170
    Days Traded at Discount
    81

    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 -$7,262,884.85

    Fund Net Asset Value as of Feb 06 2023

    NAV
    $24.00
    Shares Outstanding 5.60 M
    Assets Under Management $134.41 M

    Fund Performance

    • Fund Inception Date: Apr 06 2021

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 06 2021
    Fund Before Tax
    NAV Dec 31 2022 0.19% 8.35% -17.19% -17.19% - - - -9.42%
    Market Value Dec 31 2022 -0.95% 8.49% -17.76% -17.76% - - - -9.48%
    Bloomberg Emerging USD Bond Core Index Dec 31 2022 0.29% 8.30% -18.64% -18.64% - - - -10.28%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -0.17% 7.57% -18.84% -18.84% - - - -11.08%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.12% 4.93% -10.17% -10.17% - - - -7.74%
    Bloomberg Emerging USD Bond Core Index Dec 31 2022 0.29% 8.30% -18.64% -18.64% - - - -10.28%

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 06 2021
    Fund Before Tax
    NAV Dec 31 2022 0.19% 8.35% -17.19% -17.19% - - - -9.42%
    Market Value Dec 31 2022 -0.95% 8.49% -17.76% -17.76% - - - -9.48%
    Bloomberg Emerging USD Bond Core Index Dec 31 2022 0.29% 8.30% -18.64% -18.64% - - - -10.28%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -0.17% 7.57% -18.84% -18.84% - - - -11.08%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.12% 4.93% -10.17% -10.17% - - - -7.74%
    Bloomberg Emerging USD Bond Core Index Dec 31 2022 0.29% 8.30% -18.64% -18.64% - - - -10.28%

    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.

    Gross Expense Ratio: 0.23%


    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
    DOMINICAN REPUBLIC 6 07/19/2028 1,141,861.83 USP3579ECB13 0.85%
    REPUBLIC OF TURKEY 6.375 10/14/2025 1,063,626.67 US900123CZ18 0.79%
    REPUBLICA ORIENT URUGUAY 5.1 06/18/2050 996,461.60 US760942BA98 0.74%
    PETRONAS CAPITAL LTD 3.5 04/21/2030 944,348.33 USY68856AT38 0.70%
    REPUBLIC OF PERU 5.625 11/18/2050 827,638.00 US715638BM30 0.62%
    KAZMUNAYGAS NATIONAL CO 5.375 04/24/2030 805,578.29 XS1807300105 0.60%
    FED REPUBLIC OF BRAZIL 4.625 01/13/2028 778,003.89 US105756BZ27 0.58%
    DOMINICAN REPUBLIC 4.875 09/23/2032 756,058.35 USP3579ECH82 0.56%
    KINGDOM OF BAHRAIN 5.45 09/16/2032 753,148.47 XS2226916216 0.56%
    INDIAN OIL CORP LTD 4.75 01/16/2024 747,741.67 XS1936310371 0.56%
    Download All Holdings: Daily

    Index Top Holdings as of Feb 06 2023

    Name ISIN Weight
    REPUBLICA ORIENT URUGUAY 5.1 06/18/2050 US760942BA98 0.59%
    REPUBLIC OF PERU 2.783 01/23/2031 US715638DF60 0.46%
    FED REPUBLIC OF BRAZIL 3.875 06/12/2030 US105756CC23 0.42%
    FED REPUBLIC OF BRAZIL 4.75 01/14/2050 US105756CB40 0.41%
    REPUBLIC OF COLOMBIA 5 06/15/2045 US195325CU73 0.40%
    REPUBLIC OF PERU 8.75 11/21/2033 US715638AP79 0.40%
    OMAN GOV INTERNTL BOND 6.75 01/17/2048 XS1750114396 0.40%
    FED REPUBLIC OF BRAZIL 4.625 01/13/2028 US105756BZ27 0.40%
    DOMINICAN REPUBLIC 4.875 09/23/2032 USP3579ECH82 0.40%
    REPUBLICA ORIENT URUGUAY 4.975 04/20/2055 US760942BD38 0.38%

    Sector Allocation

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Sector Breakdown as of Feb 06 2023

    Sector Weight
    Non Corporates 99.37%
    Cash 0.63%

    Index Sector Breakdown as of Feb 06 2023

    Sector Weight
    Non Corporates 100.00%

    Quality Breakdown

    as of Feb 06 2023
    as of Feb 06 2023

    Fund Quality Breakdown as of Feb 06 2023

    Name Weight
    AAA 0.63%
    AA3 0.17%
    A1 2.70%
    A2 7.75%
    A3 5.54%
    A- 0.16%
    BAA1 1.94%
    BAA2 24.44%
    BAA3 8.09%
    BA1 8.64%
    BA2 2.77%
    BA3 16.64%
    B1 5.59%
    B2 5.73%
    B3 7.46%
    CAA1 0.90%
    CAA2 0.62%
    Not Rated 0.23%

    Index Quality Breakdown as of Feb 06 2023

    Name Weight
    A1 2.90%
    A2 8.80%
    A3 6.09%
    BAA1 1.83%
    BAA2 23.94%
    BAA3 8.33%
    BA1 8.18%
    BA2 2.46%
    BA3 17.31%
    B1 5.64%
    B2 6.47%
    B3 6.59%
    CAA1 1.09%
    CAA2 0.36%

    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 2.42%
    1 - 2 Years 2.66%
    2 - 3 Years 5.96%
    3 - 5 Years 16.07%
    5 - 7 Years 11.39%
    7 - 10 Years 21.06%
    10 - 15 Years 7.49%
    15 - 20 Years 5.37%
    20 - 30 Years 23.39%
    > 30 Years 4.18%

    Index Maturity Ladder as of Feb 06 2023

    Name Weight
    2 - 3 Years 9.40%
    3 - 5 Years 17.88%
    5 - 7 Years 13.77%
    7 - 10 Years 18.48%
    10 - 15 Years 8.55%
    15 - 20 Years 4.76%
    20 - 30 Years 22.45%
    > 30 Years 4.72%

    Geographical Breakdown


    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® Bloomberg Emerging Markets USD 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.

    SSGA Funds Management, Inc. (“SSGA FM”) serves as the investment adviser to the Fund. State Street Global Advisors Limited, an affiliate of the SSGA FM, serves as investment sub-adviser to the Fund.

    Prior to 10/31/2021, the SPDR Bloomberg Emerging Markets USD Bond ETF was known as the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF.

    Prior to 8/24/2021, the Bloomberg Emerging USD Bond Core Index was known as the Bloomberg Barclays Emerging USD Bond Core Index.

    "Bloomberg®" and Bloomberg Emerging USD Bond Core 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 Bloomberg Emerging Markets USD Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Emerging Markets USD Bond ETF.