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NAV
The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.
$24.44
as of Apr 20 2021
USD
$29.32 M
as of Apr 20 2021
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.
0.12%
Key Features
About this Benchmark
The Bloomberg SASB US Corporate ESG Ex-Controversies Select Index (the “Index”) is designed to measure the performance of investment grade corporate bonds issued by companies that exhibit certain environmental, social and governance (“ESG”) characteristics, while also minimizing active total risk versus the Bloomberg Barclays US Corporate Index (the “Parent Index”). The Parent Index represents publicly issued, investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions that have a remaining maturity of greater than or equal to 1 year and have $300 million or more of par amount outstanding.
The R-FactorTM score measures the performance of a company's business operations and governance as related to financially material ESG challenges facing the issuer's industry. The R-FactorTM scoring process comprises two underlying components, an ESG component and a corporate governance component. The ESG component is based on the framework published by the Sustainability Accounting Standards Board, which attempts to identify ESG issues that are financially material to an issuer based on its industry classification. The Index utilizes an optimizer that deploys a quantitative process to select constituents and their weights to maximize the Index's overall R-FactorTM score while minimizing active total risk versus the Parent Index.
| Benchmark | Inception Date | Options Available | Marginable | 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 | Base Currency |
|---|---|---|---|---|---|---|
| Bloomberg SASB US Corporate ESG Ex-Controversies Select Index | Nov 09 2020 | No | No | 0.12% | - | USD |
| Benchmark | Bloomberg SASB US Corporate ESG Ex-Controversies Select Index |
| Inception Date | Nov 09 2020 |
| Options Available | No |
| Marginable | 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. |
0.12% |
| Net Expense Ratio | - |
| Base Currency | USD |
| Trustee | Custodian | Investment Manager | Management Team | Distributor | Distribution Frequency | |
|---|---|---|---|---|---|---|
| Fund Board of Trustees | State Street Bank and Trust Company | SSGA Funds Management, Inc. | Fixed Income, Currency & Cash Investments Team | State Street Global Advisors Funds Distributors, LLC | Monthly |
| Trustee | Fund Board of Trustees |
| Custodian | State Street Bank and Trust Company |
| 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 |
| Exchange | Listing Date | Trading Currency | Ticker | CUSIP | ISIN | |
|---|---|---|---|---|---|---|
| NYSE ARCA EXCHANGE | Nov 10 2020 | USD | RBND | 78468R614 | US78468R6146 |
| Exchange | NYSE ARCA EXCHANGE |
| Listing Date | Nov 10 2020 |
| Trading Currency | USD |
| Ticker | RBND |
| CUSIP | 78468R614 |
| ISIN | US78468R6146 |
| 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. |
|---|---|---|---|---|---|---|
| 427 | 4.15% | 12.13 | $114.91 | 2.16% | 3.51% | 8.58 years |
| Number of Holdings | 427 |
| Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio. |
4.15% |
| 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. |
12.13 |
| Average Price | $114.91 |
| 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. |
2.16% |
| 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. |
3.51% |
| 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. |
8.58 years |
| Option Adjusted Spread | Real Adjusted Duration Real Adjusted Duration A measure of the percentage price change of an inflation linked security associated with a change in real interest rates. |
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. |
Subject to AMT | |||
|---|---|---|---|---|---|---|
| 88.45 | 8.38 years | 2.21% | - |
| Option Adjusted Spread | 88.45 |
| Real Adjusted Duration Real Adjusted Duration A measure of the percentage price change of an inflation linked security associated with a change in real interest rates. |
8.38 years |
| 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. |
2.21% |
| Subject to AMT | - |
| Number of Holdings | Average Coupon | Average Maturity in Years | Average Price | Average Yield To Worst | Convexity | Current Yield |
|---|---|---|---|---|---|---|
| 3,256 | 4.14% | 12.21 | $115.01 | 2.16% | 1.37% | 3.51% |
| Number of Holdings | 3,256 |
| Average Coupon | 4.14% |
| Average Maturity in Years | 12.21 |
| Average Price | $115.01 |
| Average Yield To Worst | 2.16% |
| Convexity | 1.37% |
| Current Yield | 3.51% |
| Option Adjusted Duration | Option Adjusted Spread | Real Adjusted Duration | Yield to Maturity | |||
|---|---|---|---|---|---|---|
| 8.62 years | 88.58 | 8.42 years | 2.20% |
| Option Adjusted Duration | 8.62 years |
| Option Adjusted Spread | 88.58 |
| Real Adjusted Duration | 8.42 years |
| Yield to Maturity | 2.20% |
| 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. |
Tax Equivalent Yield Taxable Equivalent Yield Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate. |
|||
|---|---|---|---|---|---|---|
| 2.08% | - | 0.76% | - |
| 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. |
2.08% |
| 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. |
0.76% |
| Tax Equivalent Yield Taxable Equivalent Yield Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate. |
- |
| 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. |
|---|---|---|---|---|---|---|
| $24.44 | - | - | - | 0 | 0.04% | 0.08% |
| 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. |
$24.44 |
| 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. |
0 |
| 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) |
0.04% |
| 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. |
0.08% |
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.
| Calendar Year 2020 | First Quarter of 2021 | |
|---|---|---|
| Days Traded at Premium Number of days the ETF closing price was above the NAV. |
36 | 46 |
| Days Traded at Discount Number of days the ETF closing price was below the NAV. |
0 | 15 |
| Days Traded at Premium Number of days the ETF closing price was above the NAV. |
|
| Calendar Year 2020 | 36 |
| First Quarter of 2021 | 46 |
| Days Traded at Discount Number of days the ETF closing price was below the NAV. |
|
| Calendar Year 2020 | 0 |
| First Quarter of 2021 | 15 |
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.
| Net Cash Amount |
|---|
| $312,133.62 |
| Net Cash Amount | $312,133.62 |
| 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 | ||||
|---|---|---|---|---|---|---|
| $24.44 | 1.20 M | $29.32 M |
| NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. |
$24.44 |
| Shares Outstanding | 1.20 M |
| Assets Under Management | $29.32 M |
Fund Performance
as of Mar 31 2021
| As Of | 1 Month | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Nov 09 2020 |
|
|---|---|---|---|---|---|---|---|---|---|
| Fund Before Tax | |||||||||
| Market Value | Mar 31 2021 | -1.38% | -4.58% | -4.58% | - | - | - | - | -2.35% |
| Fund After Tax | |||||||||
| Return after Taxes on Distributions | Mar 31 2021 | - | - | - | - | - | - | - | - |
| Return after Taxes on Distributions and Sale of Fund Shares | Mar 31 2021 | - | - | - | - | - | - | - | - |
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: 0.12%
Net Expense Ratio: -
Subject to change.
Subject to change.
| Name | Market Value | ISIN | Weight |
|---|---|---|---|
| CISCO SYSTEMS INC 5.9 02/15/2039 | 360,900.69 | US17275RAD44 | 1.23% |
| DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 | 305,286.39 | US25156PAC77 | 1.04% |
| AT&T INC 6.55 02/15/2039 | 271,869.28 | US00206RAS13 | 0.93% |
| LLOYDS BANKING GROUP PLC 2.438 02/05/2026 | 262,034.79 | US539439AV19 | 0.89% |
| VODAFONE GROUP PLC 5 05/30/2038 | 247,772.89 | US92857WBL37 | 0.85% |
| BOSTON PROPERTIES LP 3.8 02/01/2024 | 244,133.75 | US10112RAW43 | 0.83% |
| ANHEUSER-BUSCH INBEV WOR 8.2 01/15/2039 | 243,691.33 | US03523TBF49 | 0.83% |
| DIAGEO CAPITAL PLC 3.875 05/18/2028 | 230,180.22 | US25243YAZ25 | 0.79% |
| APPLE INC 4.65 02/23/2046 | 224,924.44 | US037833BX70 | 0.77% |
| RIO TINTO FIN USA PLC 4.75 03/22/2042 | 221,930.53 | US76720AAD81 | 0.76% |
| Name | ISIN | Weight |
|---|---|---|
| DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 | US25156PAC77 | 0.93% |
| BRITISH TELECOMMUNICATIO 9.625 12/15/2030 | US111021AE12 | 0.80% |
| DELL INT LLC / EMC CORP 8.35 07/15/2046 | US25272KAR41 | 0.71% |
| CISCO SYSTEMS INC 5.9 02/15/2039 | US17275RAD44 | 0.65% |
| CISCO SYSTEMS INC 5.5 01/15/2040 | US17275RAF91 | 0.63% |
| VODAFONE GROUP PLC 6.15 02/27/2037 | US92857WAQ33 | 0.52% |
| AXA SA 8.6 12/15/2030 | US054536AA57 | 0.44% |
| BECTON DICKINSON AND CO 4.669 06/06/2047 | US075887BX67 | 0.41% |
| LLOYDS BANKING GROUP PLC 4.65 03/24/2026 | US53944YAB92 | 0.38% |
| WESTPAC BANKING CORP 4.322 11/23/2031 | US961214DF70 | 0.38% |
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® Bloomberg SASB® Corporate Bond ESG Select 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.
SASB does not take any position as to whether an issuer should be included or excluded from the Bloomberg SASB US Corporate ESG Ex-Controversies Select Index.
