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SPDR® Portfolio Long Term Corporate Bond ETF SPLB

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.

$30.63

as of Apr 16 2021

Base Currency

USD

Assets Under Management

$938.85 M

as of Apr 16 2021

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 Long 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 Long U.S. 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 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. Long Term 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 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 Apr 16 2021

Fund Information as of Apr 16 2021
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. Long Term Corporate Bond Index Mar 10 2009 No 0.07% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays U.S. Long Term Corporate Bond Index
Inception Date Mar 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 Apr 16 2021

Listing Information as of Apr 16 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Mar 11 2009 USD SPLB 78464A367 US78464A3674
Exchange NYSE ARCA EXCHANGE
Listing Date Mar 11 2009
Trading Currency USD
Ticker SPLB
CUSIP 78464A367
ISIN US78464A3674

Fund Characteristics as of Apr 16 2021

Fund Characteristics as of Apr 16 2021
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.

2,305 4.62% 23.66 $118.37 3.34% 3.86% 15.19 years
Number of Holdings 2,305
Average Coupon

Average Coupon

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

4.62%
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.

23.66
Average Price $118.37
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.

3.34%
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.

3.86%
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.

15.19 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.

126.43 3.35%
Option Adjusted Spread 126.43
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.

3.35%

Index Characteristics as of Apr 16 2021

Index Characteristics as of Apr 16 2021
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
2,495 4.62% 23.59 $118.36 3.32% 3.84% 15.15 years
Number of Holdings 2,495
Average Coupon 4.62%
Average Maturity in Years 23.59
Average Price $118.36
Average Yield To Worst 3.32%
Current Yield 3.84%
Option Adjusted Duration 15.15 years
Option Adjusted Spread Yield to Maturity
125.18 3.33%
Option Adjusted Spread 125.18
Yield to Maturity 3.33%

Yields as of Apr 16 2021

Yields as of Apr 16 2021
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.

3.35% - 3.17%
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.

3.35%
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.

3.17%

Fund Market Price as of Apr 16 2021

Fund Market Price as of Apr 16 2021
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.

$30.60 $30.60 $30.73 $30.58 197,542 -0.12% 0.03%
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.

$30.60
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$30.60
Day High $30.73
Day Low $30.58
Exchange Volume (Shares)

Exchange Volume (shares)

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

197,542
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)

-0.12%
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.

0.03%

Premium Discount to NAV Graph and Summary

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.

x axis: Dates
y axis: Premium or Discount (bps)

Number of Days Summary

Calendar Year 2020 First Quarter of 2021
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
157 31
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
96 30
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
Calendar Year 2020 157
First Quarter of 2021 31
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
Calendar Year 2020 96
First Quarter of 2021 30
Fund Data

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 Apr 16 2021

Fund Net Cash Amount as of Apr 16 2021
Net Cash Amount
$3,320,882.29
Net Cash Amount $3,320,882.29

Fund Net Asset Value as of Apr 16 2021

Fund Net Asset Value as of Apr 16 2021
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
$30.63 30.65 M $938.85 M
NAV

NAV

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

$30.63
Shares Outstanding 30.65 M
Assets Under Management $938.85 M
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: Mar 10 2009

as of Mar 31 2021

as of Mar 31 2021

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 10 2009
Fund Before Tax
NAV Mar 31 2021 -2.87% -8.55% -8.55% 8.97% 7.41% 6.72% 7.08% 8.50%
Market Value Mar 31 2021 -2.44% -8.42% -8.42% 8.36% 7.43% 6.65% 7.10% 8.52%
Bloomberg Barclays U.S. Long Term Corporate Bond Index Mar 31 2021 -2.88% -8.51% -8.51% 9.17% 7.68% 6.88% 7.27% 9.09%
Fund After Tax
Return after Taxes on Distributions Mar 31 2021 -2.98% -8.75% -8.75% 7.59% 5.76% 4.97% 5.20% 6.49%
Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -1.70% -5.06% -5.06% 5.33% 4.98% 4.40% 4.70% 5.90%
Bloomberg Barclays U.S. Long Term Corporate Bond Index Mar 31 2021 -2.88% -8.51% -8.51% 9.17% 7.68% 6.88% 7.27% 9.09%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Mar 10 2009
Fund Before Tax
NAV Mar 31 2021 -2.87% -8.55% -8.55% 8.97% 7.41% 6.72% 7.08% 8.50%
Market Value Mar 31 2021 -2.44% -8.42% -8.42% 8.36% 7.43% 6.65% 7.10% 8.52%
Bloomberg Barclays U.S. Long Term Corporate Bond Index Mar 31 2021 -2.88% -8.51% -8.51% 9.17% 7.68% 6.88% 7.27% 9.09%
Fund After Tax
Return after Taxes on Distributions Mar 31 2021 -2.98% -8.75% -8.75% 7.59% 5.76% 4.97% 5.20% 6.49%
Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 -1.70% -5.06% -5.06% 5.33% 4.98% 4.40% 4.70% 5.90%
Bloomberg Barclays U.S. Long Term Corporate Bond Index Mar 31 2021 -2.88% -8.51% -8.51% 9.17% 7.68% 6.88% 7.27% 9.09%

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. Long Term Corporate Bond Index reflects linked performance returns of both the Bloomberg Barclays U.S. Long Term Corporate Bond Index and the Barclays Capital U.S. Long Credit Index. The index returns are reflective of the Barclays Capital U.S. Long Credit Index from fund inception until 12/17/2010 and of the Bloomberg Barclays U.S. Long Term 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 Apr 16 2021
Index Top Holdingsas of Apr 16 2021

Fund Top Holdings as of Apr 16 2021

Name Market Value ISIN Weight
GE CAPITAL INTL FUNDING 4.418 11/15/2035 4,379,522.00 US36164QNA21 0.48%
MICROSOFT CORP 2.921 03/17/2052 4,243,633.41 US594918CE21 0.46%
CVS HEALTH CORP 5.05 03/25/2048 3,632,631.70 US126650CZ11 0.40%
VERIZON COMMUNICATIONS 4.5 08/10/2033 3,513,448.26 US92343VEA89 0.38%
AT&T INC 2.55 12/01/2033 3,443,183.83 US00206RMF63 0.38%
ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 3,409,016.75 US03522AAJ97 0.37%
STATE ST INST LIQ RES-PREM 0 00/00/0000 3,134,049.97 US85749P1012 0.34%
ABBVIE INC 4.25 11/21/2049 2,895,902.92 US00287YCB39 0.32%
AT&T INC 3.55 2,530,263.54 - 0.28%
AT&T INC 3.5 2,522,261.57 - 0.28%

Index Top Holdings as of Apr 16 2021

Name ISIN Weight
GE CAPITAL INTL FUNDING 4.418 11/15/2035 US36164QNA21 0.54%
ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 US03522AAJ97 0.46%
CVS HEALTH CORP 5.05 03/25/2048 US126650CZ11 0.40%
GOLDMAN SACHS GROUP INC 6.75 10/01/2037 US38141GFD16 0.31%
BOEING CO 5.805 05/01/2050 US097023CW33 0.29%
WELLS FARGO & COMPANY 5.013 04/04/2051 US95000U2M49 0.28%
AT&T INC 3.5 09/15/2053 US00206RMC33 0.28%
AT&T INC 3.55 09/15/2055 US00206RMD16 0.28%
ABBVIE INC 4.25 11/21/2049 US00287YCB39 0.27%
ANHEUSER-BUSCH CO/INBEV 4.7 02/01/2036 US03522AAH32 0.25%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Apr 16 2021
Index Sector Breakdownas of Apr 16 2021

Fund Sector Breakdown as of Apr 16 2021

Sector Weight
Corporate - Industrial 70.54%
Corporate - Finance 17.61%
Corporate - Utility 12.13%
Other -0.29%

Index Sector Breakdown as of Apr 16 2021

Sector Weight
Corporate - Industrial 71.08%
Corporate - Finance 16.85%
Corporate - Utility 12.07%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Apr 16 2021
Index Quality Breakdownas of Apr 16 2021

Fund Quality Breakdown as of Apr 16 2021

Name Weight
Aaa 2.20%
Aa 7.95%
A 37.14%
Baa 52.69%
Below BAA 0.02%

Index Quality Breakdown as of Apr 16 2021

Name Weight
Aaa 2.43%
Aa 7.86%
A 37.73%
Baa 51.98%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Apr 16 2021
Index Maturity Ladderas of Apr 16 2021

Fund Maturity Ladder as of Apr 16 2021

Name Weight
0 - 1 Year -0.29%
3 - 5 Years 0.01%
5 - 7 Years 0.01%
7 - 10 Years 0.57%
10 - 15 Years 10.73%
15 - 20 Years 22.28%
20 - 30 Years 58.51%
> 30 Years 8.17%

Index Maturity Ladder as of Apr 16 2021

Name Weight
10 - 15 Years 10.70%
15 - 20 Years 22.09%
20 - 30 Years 59.24%
> 30 Years 7.97%

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