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SPDR® Portfolio Intermediate Term Corporate Bond ETF SPIB

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$36.87

as of Sep 16 2020

Base Currency

USD

Assets Under Management

$6,157.65 M

as of Sep 16 2020

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.

0.07%


Key Features

Key Features

  • The SPDR® Portfolio Intermediate Term Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Intermediate US Corporate Index (the "Index")
  • One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes
  • A low cost ETF that seeks to offer precise, comprehensive exposure to US corporate bonds that have a maturity greater than or equal to 1 year and less than 10 years
  • The Index includes investment grade, fixed rate, taxable, US dollar denominated debt with $300 million of par outstanding, and is market cap weighted and reconstituted on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays U.S. Intermediate Corporate Bond Index (the "Index") is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years. The Index is a component of the Bloomberg Barclays U.S. Corporate Index and includes investment grade, fixed-rate, taxable, U.S. dollar denominated debt with $300 million or more of par amount outstanding, issued by U.S. and non-U.S. industrial, utility, and financial institutions. Subordinated issues, securities with normal call and put provisions and sinking funds, medium-term notes (if they are publicly underwritten), 144A securities with registration rights, and global issues that are SEC-registered are included. Structured notes with embedded swaps or other special features, as well as private placements, floating- rate securities, and Eurobonds are excluded from the Index.


Fund Information as of Sep 16 2020

Fund Information as of Sep 16 2020
Benchmark Inception Date Options Available 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.

Base Currency Investment Manager Management Team
Bloomberg Barclays U.S. Intermediate Corporate Bond Index Feb 10 2009 No 0.07% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays U.S. Intermediate Corporate Bond Index
Inception Date Feb 10 2009
Options Available 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.

0.07%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Sep 16 2020

Listing Information as of Sep 16 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Feb 11 2009 USD SPIB 78464A375 US78464A3757
Exchange NYSE ARCA EXCHANGE
Listing Date Feb 11 2009
Trading Currency USD
Ticker SPIB
CUSIP 78464A375
ISIN US78464A3757

Fund Characteristics as of Sep 16 2020

Fund Characteristics as of Sep 16 2020
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.

4,086 3.40% 5.21 $109.60 1.28% 3.09% 4.61 years
Number of Holdings 4,086
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

3.40%
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.

5.21
Average Price $109.60
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.

1.28%
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.

3.09%
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.

4.61 years
Option Adjusted Spread 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.

95.35 1.35%
Option Adjusted Spread 95.35
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.

1.35%

Index Characteristics as of Sep 16 2020

Index Characteristics as of Sep 16 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
4,205 3.47% 5.19 $109.70 1.28% 3.14% 4.58 years
Number of Holdings 4,205
Average Coupon 3.47%
Average Maturity in Years 5.19
Average Price $109.70
Average Yield To Worst 1.28%
Current Yield 3.14%
Option Adjusted Duration 4.58 years
Option Adjusted Spread Yield to Maturity
94.70 1.35%
Option Adjusted Spread 94.70
Yield to Maturity 1.35%

Yields as of Sep 16 2020

Yields as of Sep 16 2020
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.

1.26% - 2.48%
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.

1.26%
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.

2.48%

Fund Market Price as of Sep 16 2020

Fund Market Price as of Sep 16 2020
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)

$36.90 $36.90 $36.92 $36.88 79,631 0.06%
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.

$36.90
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$36.90
Day High $36.92
Day Low $36.88
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

79,631
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)

0.06%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    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 Sep 16 2020

    Fund Net Cash Amount as of Sep 16 2020
    Net Cash Amount
    $12,059,646.99
    Net Cash Amount $12,059,646.99

    Fund Net Asset Value as of Sep 16 2020

    Fund Net Asset Value as of Sep 16 2020
    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
    $36.87 167.00 M $6,157.65 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $36.87
    Shares Outstanding 167.00 M
    Assets Under Management $6,157.65 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Feb 10 2009

    as of Aug 31 2020

    as of Jun 30 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Aug 31 2020 0.02% 1.54% 6.04% 6.93% 5.12% 4.72% 4.12% 5.10%
    Market Value Aug 31 2020 0.06% 1.42% 6.08% 7.01% 5.14% 4.71% 4.13% 5.11%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Aug 31 2020 0.00% 1.50% 5.80% 6.72% 5.13% 4.75% 4.28% 5.59%
    Fund After Tax
    Return after Taxes on Distributions Aug 31 2020 -0.05% 1.40% 5.42% 5.78% 3.87% 3.49% 2.88% 3.81%
    Return after Taxes on Distributions and Sale of Fund Shares Aug 31 2020 0.01% 0.91% 3.56% 4.07% 3.36% 3.07% 2.65% 3.44%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Aug 31 2020 0.00% 1.50% 5.80% 6.72% 5.13% 4.75% 4.28% 5.59%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Jun 30 2020 1.61% 7.82% 4.43% 7.37% 5.03% 4.38% 4.29% 5.04%
    Market Value Jun 30 2020 1.68% 8.07% 4.60% 7.56% 5.06% 4.40% 4.25% 5.06%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Jun 30 2020 1.63% 7.63% 4.23% 7.21% 5.05% 4.43% 4.44% 5.54%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 1.52% 7.53% 3.96% 6.15% 3.76% 3.14% 3.03% 3.74%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 0.95% 4.62% 2.61% 4.33% 3.28% 2.80% 2.78% 3.39%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Jun 30 2020 1.63% 7.63% 4.23% 7.21% 5.05% 4.43% 4.44% 5.54%

    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.

    The Bloomberg Barclays U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg Barclays U.S. Intermediate Corporate Bond Index and the Barclays Capital U.S. Intermediate Credit Index. The index returns are reflective of the Barclays Capital U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index effective 12/17/2010.

    Gross Expense Ratio: 0.07%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Sep 16 2020
    Index Top Holdingsas of Sep 16 2020

    Fund Top Holdings as of Sep 16 2020

    Name Market Value ISIN Weight
    ABBVIE INC 2.3 11/21/2022 20,792,797.88 US00287YBL20 0.34%
    CVS HEALTH CORP 4.3 03/25/2028 15,729,969.22 US126650CX62 0.25%
    STATE ST INST US GOV MM-G 0 00/00/0000 14,931,546.17 US8574924663 0.24%
    GOLDMAN SACHS GROUP INC 3.5 01/23/2025 14,772,460.01 US38148LAC00 0.24%
    PACIFIC GAS & ELECTRIC 3.15 01/01/2026 12,448,980.00 US694308JP35 0.20%
    T-MOBILE USA INC 3.875 04/15/2030 12,328,802.86 US87264ABE47 0.20%
    SHIRE ACQ INV IRELAND DA 2.875 09/23/2023 11,855,288.69 US82481LAC37 0.19%
    BANK OF AMERICA CORP 3.419 12/20/2028 11,660,681.85 US06051GHD43 0.19%
    BARCLAYS PLC 4.836 05/09/2028 10,851,005.23 US06738EAW57 0.18%
    GE CAPITAL FUNDING LLC 4.4 05/15/2030 10,818,230.05 US36166NAB91 0.18%

    Index Top Holdings as of Sep 16 2020

    Name ISIN Weight
    CVS HEALTH CORP 4.3 03/25/2028 US126650CX62 0.26%
    T-MOBILE USA INC 3.875 04/15/2030 US87264ABE47 0.20%
    BANK OF AMERICA CORP 3.419 12/20/2028 US06051GHD43 0.16%
    BANK OF AMERICA CORP 3.004 12/20/2023 US06051GHC69 0.15%
    ABBVIE INC 3.2 11/21/2029 US00287YBW84 0.15%
    APPLE INC 2.4 05/03/2023 US037833AK68 0.14%
    DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 US25156PAC77 0.13%
    DELL INT LLC / EMC CORP 6.02 06/15/2026 US25272KAK97 0.13%
    BROADCOM CRP / CAYMN FI 3.875 01/15/2027 US11134LAH24 0.13%
    CHARTER COMM OPT LLC/CAP 4.908 07/23/2025 US161175AY09 0.13%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Sep 16 2020
    Index Sector Breakdownas of Sep 16 2020

    Fund Sector Breakdown as of Sep 16 2020

    Sector Weight
    Corporate - Industrial 56.69%
    Corporate - Finance 37.97%
    Corporate - Utility 5.66%
    Other -0.33%

    Index Sector Breakdown as of Sep 16 2020

    Sector Weight
    Corporate - Industrial 56.21%
    Corporate - Finance 38.17%
    Corporate - Utility 5.61%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Sep 16 2020
    Index Quality Breakdownas of Sep 16 2020

    Fund Quality Breakdown as of Sep 16 2020

    Name Weight
    Aaa 0.64%
    Aa 6.69%
    A 42.81%
    Baa 49.73%
    Below Baa 0.07%
    Not Rated 0.06%

    Index Quality Breakdown as of Sep 16 2020

    Name Weight
    Aaa 0.97%
    Aa 6.80%
    A 43.12%
    Baa 49.11%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Sep 16 2020
    Index Maturity Ladderas of Sep 16 2020

    Fund Maturity Ladder as of Sep 16 2020

    Name Weight
    0 - 1 Year -0.18%
    1 - 2 Years 11.30%
    2 - 3 Years 14.47%
    3 - 5 Years 27.15%
    5 - 7 Years 20.79%
    7 - 10 Years 26.09%
    10 - 15 Years 0.38%

    Index Maturity Ladder as of Sep 16 2020

    Name Weight
    1 - 2 Years 11.94%
    2 - 3 Years 13.50%
    3 - 5 Years 25.83%
    5 - 7 Years 21.26%
    7 - 10 Years 27.47%

    Purchase Information

    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® Portfolio Intermediate Term Corporate 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.

    The Bloomberg Barclays U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg Barclays U.S. Intermediate Corporate Bond Index and the Barclays Capital U.S. Intermediate Credit Index. The index returns are reflective of the Barclays Capital U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index effective 12/17/2010.

    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.