SPDR® DoubleLine® Emerging Markets Fixed Income ETF EMTL

NAV
$40.65
as of Dec 02 2022
Base Currency
USD
Assets Under Management
$68.09 M
as of Dec 02 2022
Gross Expense Ratio
0.65%

Key Features


  • The SPDR® DoubleLine® Emerging Markets Fixed Income ETF seeks to provide high total return from current income and capital appreciation
  • Provides actively managed exposure to emerging market fixed income securities
  • Managed by DoubleLine’s Emerging Market Fixed Income team who has worked together since 1999 and follows a 5 step investment process that combines bottom-up research with sovereign macro overlays
  • In allocating investments among various emerging market countries, the team at Doubleline attempts to analyze internal political, market and economic factors


About this Benchmark


The JP Morgan Corporate Emerging Markets Bond Index Diversified is a market capitalization weighted index consisting of U.S. dollar denominated emerging market corporate bonds.


Fund Information as of Dec 06 2022

Benchmark JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Inception Date Apr 13 2016
Options Available No
Gross Expense Ratio
0.65%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor DoubleLine Capital LP
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Dec 06 2022

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Apr 14 2016 USD EMTL 78470P309 US78470P3091

Fund Characteristics as of Dec 02 2022

Number of Holdings 118
Average Coupon
4.02%
Average Maturity in Years
10.56
Average Price $82.33
Average Yield To Worst
7.16%
Option Adjusted Duration
7.12 years
Option Adjusted Spread 350.74
Yield to Maturity
7.16%

Index Characteristics as of Dec 02 2022

Number of Holdings 1,899
Average Coupon 4.66%
Average Maturity in Years 6.42
Average Price $89.68
Average Yield To Worst 7.71%
Option Adjusted Duration 4.18 years
Option Adjusted Spread 376.95
Yield to Maturity 7.74%

Yields as of Dec 02 2022

30 Day SEC Yield
6.05%
30 Day SEC Yield (Unsubsidized)
6.05%
Fund Distribution Yield
4.02%

Fund Market Price as of Dec 02 2022

Bid/Ask
$40.80
Closing Price
$40.78
Day High $40.79
Day Low $40.44
Exchange Volume (Shares)
471
Premium/Discount
0.36%
30-Day Median Bid/Ask Spread
0.10%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2021 First Quarter of 2022 Second Quarter of 2022 Third Quarter of 2022
Days Traded at Premium
180 34 34 42
Days Traded at Discount
72 28 28 22

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 Dec 02 2022

Net Cash Amount $1,489,452.29

Fund Net Asset Value as of Dec 02 2022

NAV
$40.65
Shares Outstanding 1.68 M
Assets Under Management $68.09 M

Fund Performance

  • Fund Inception Date: Apr 13 2016

as of Oct 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Oct 31 2022 -1.49% -1.49% -20.25% -20.08% -5.54% -1.92% - 0.54%
Market Value Oct 31 2022 -1.10% -1.10% -20.10% -19.70% -5.54% -1.91% - 0.60%
JP Morgan Corporate Emerging Market Bond Index Broad Diversified Oct 31 2022 -2.05% -2.05% -17.93% -18.06% -3.48% -0.20% 2.27% 1.69%
Fund After Tax
Return after Taxes on Distributions Oct 31 2022 -1.64% -1.64% -21.16% -21.90% -7.09% -3.52% - -1.43%
Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 -0.88% -0.88% -11.93% -11.56% -4.61% -1.96% - -0.31%
JP Morgan Corporate Emerging Market Bond Index Broad Diversified Oct 31 2022 -2.05% -2.05% -17.93% -18.06% -3.48% -0.20% 2.27% 1.69%

as of Sep 30 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Sep 30 2022 -6.87% -5.63% -19.05% -18.88% -4.86% -1.57% - 0.78%
Market Value Sep 30 2022 -7.04% -5.74% -19.21% -18.87% -4.90% -1.60% - 0.78%
JP Morgan Corporate Emerging Market Bond Index Broad Diversified Sep 30 2022 -3.83% -2.64% -16.21% -16.73% -2.54% 0.29% 2.63% 2.04%
Fund After Tax
Return after Taxes on Distributions Sep 30 2022 -7.01% -6.02% -19.85% -20.69% -6.41% -3.17% - -1.20%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -4.06% -3.31% -11.22% -10.85% -4.12% -1.71% - -0.14%
JP Morgan Corporate Emerging Market Bond Index Broad Diversified Sep 30 2022 -3.83% -2.64% -16.21% -16.73% -2.54% 0.29% 2.63% 2.04%

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: 0.65%


Top Holdings

as of Dec 02 2022
as of Dec 02 2022

Fund Top Holdings as of Dec 02 2022

Name Market Value ISIN Weight
MINEJESA CAPITAL BV 5.625 08/10/2037 2,069,986.36 USN57445AB99 3.04%
GALAXY PIPELINE ASSETS 2.16 03/31/2034 1,811,644.77 US36321PAD24 2.66%
CHILE ELEC PEC SPA 0 01/25/2028 1,737,500.00 US168831AA32 2.55%
TEMASEK FINANCIAL I LTD 1 10/06/2030 1,655,940.51 US87973PAU84 2.43%
DOMINICAN REPUBLIC 4.875 09/23/2032 1,610,019.61 US25714PEF18 2.37%
US DOLLARS 1,487,970.48 - 2.19%
REPUBLIC OF PANAMA 3.87 07/23/2060 1,451,388.39 US698299BL70 2.13%
UNITED MEXICAN STATES 4.28 08/14/2041 1,317,712.50 US91087BAQ32 1.94%
LLPL CAPITAL PTE LTD 6.875 02/04/2039 1,265,998.48 USY51478AA66 1.86%
QATAR ENERGY 2.25 07/12/2031 1,263,885.00 XS2357494322 1.86%
Download All Holdings: Daily

Index Top Holdings as of Dec 02 2022

Name ISIN Weight
TEVA PHARMACEUTICALS NE 3.15 10/01/2026 US88167AAE10 0.46%
SANDS CHINA LTD 5.9 08/08/2028 US80007RAE53 0.34%
SANDS CHINA LTD 5.625 08/08/2025 US80007RAF29 0.32%
SASOL FINANCING USA LLC 5.875 03/27/2024 US80386WAA36 0.30%
FIRST QUANTUM MINERALS L 6.875 10/15/2027 USC3535CAM04 0.29%
TULLOW OIL PLC 10.25 05/15/2026 USG91237AB60 0.29%
GOHL CAPITAL LTD 4.25 01/24/2027 XS1551355149 0.28%
SAUDI ARABIAN OIL CO 3.5 04/16/2029 XS1982113208 0.27%
FIRST QUANTUM MINERALS L 7.5 04/01/2025 USC3535CAG36 0.27%
SAUDI ARABIAN OIL CO 4.25 04/16/2039 XS1982113463 0.27%

Sector Allocation

as of Dec 02 2022
as of Dec 02 2022

Fund Sector Breakdown as of Dec 02 2022

Sector Weight
Corporate 53.73%
Sovereign 29.75%
Quasi-Sovereign 16.52%

Index Sector Breakdown as of Dec 02 2022

Sector Weight
Corporate - Industrial 41.72%
Non Corporates 27.84%
Corporate - Finance 24.70%
Corporate - Utility 5.74%

Quality Breakdown

as of Dec 02 2022
as of Dec 02 2022

Fund Quality Breakdown as of Dec 02 2022

Name Weight
NR 0.15%
Aaa 2.49%
Aa2 4.80%
Aa3 1.90%
A2 10.28%
A3 1.60%
Baa1 0.24%
Baa2 23.05%
Baa3 19.26%
Ba1 17.10%
Ba2 4.81%
Ba3 9.81%
B1 2.32%
B2 1.70%
Caa1 0.45%
C3 0.04%

Index Quality Breakdown as of Dec 02 2022

Name Weight
Name Weight
A- 1.51%
AAA 0.13%
A1 4.96%
AA1 0.09%
A2 7.55%
AA2 1.66%
A3 6.04%
AA3 4.39%
B1 4.41%
B2 4.68%
B3 3.26%
BA1 7.90%
BA2 5.24%
BA3 8.93%
BAA1 7.03%
BAA2 9.28%
BAA3 13.98%
CAA1 1.57%
CAA2 0.89%
CAA3 1.77%
Not Rated 4.73%

Maturity Ladder

as of Dec 02 2022
as of Dec 02 2022

Fund Maturity Ladder as of Dec 02 2022

Name Weight
0 - 1 Year 0.01%
1 - 2 Years 0.74%
2 - 3 Years 8.77%
3 - 5 Years 14.20%
5 - 7 Years 14.93%
7 - 10 Years 36.09%
10 - 15 Years 4.73%
15 - 20 Years 5.46%
20 - 30 Years 12.35%
> 30 Years 2.72%

Index Maturity Ladder as of Dec 02 2022

Name Weight
0 - 1 Year 3.72%
1 - 2 Years 14.03%
2 - 3 Years 13.97%
3 - 5 Years 26.15%
5 - 7 Years 13.74%
7 - 10 Years 15.09%
10 - 15 Years 3.17%
15 - 20 Years 2.55%
20 - 30 Years 5.66%
> 30 Years 0.78%

Region Weights

Fund Region Weights as of Dec 02 2022

Region Weight
South America 33.86%
Southeast Asia 22.74%
Central America 15.77%
Middle East 12.67%
South Asia 6.44%
East Asia 3.55%
Caribbean 2.72%
Africa 2.24%

Geographical Breakdown


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.


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® DoubleLine® Emerging Markets Fixed Income ETF.

State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management, Inc. has retained DoubleLine Capital LP as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with DoubleLine Capital LP.

DoubleLine® is a registered trademark of DoubleLine Capital LP.  

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.