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SPDR® Portfolio TIPS ETF SPIP

NAV
$26.48
as of Dec 08 2022
Base Currency
USD
Assets Under Management
$2,309.14 M
as of Dec 08 2022
Gross Expense Ratio
0.12%

Key Features


  • The SPDR® Portfolio TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond 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 exposure to U.S. Treasury inflation protected securities (TIPS). TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors
  • Seeks to hedge against the erosion of purchasing power due to inflation

  • About this Benchmark


    The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the index rebalancing date.


    Fund Information as of Dec 09 2022

    Benchmark Bloomberg U.S. Government Inflation-Linked Bond Index
    Inception Date May 25 2007
    Options Available No
    Gross Expense Ratio
    0.12%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Fixed Income, Cash and Currency
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Dec 09 2022

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE May 30 2007 USD SPIP 78464A656 US78464A6560

    Fund Characteristics as of Dec 08 2022

    Number of Holdings 55
    Average Coupon
    0.82%
    Average Maturity in Years
    7.92
    Average Price $96.56
    Average Yield To Worst
    4.15%
    Option Adjusted Duration
    7.28 years
    Option Adjusted Spread 24.36
    Yield to Maturity
    4.15%

    Index Characteristics as of Dec 08 2022

    Number of Holdings 47
    Average Coupon 0.80%
    Average Maturity in Years 7.87
    Average Price $96.60
    Average Yield To Worst 4.15%
    Option Adjusted Duration 7.25 years
    Option Adjusted Spread 24.42
    Yield to Maturity 4.15%

    Yields as of Dec 08 2022

    30 Day SEC Yield
    1.55%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    7.34%

    Fund Market Price as of Dec 08 2022

    Bid/Ask
    $26.48
    Closing Price
    $26.47
    Day High $26.50
    Day Low $26.43
    Exchange Volume (Shares)
    41,342
    Premium/Discount
    -0.02%
    30-Day Median Bid/Ask Spread
    0.04%

    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
    175 24 24 20
    Days Traded at Discount
    77 38 38 44

    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 08 2022

    Net Cash Amount $8,190,956.24

    Fund Net Asset Value as of Dec 08 2022

    NAV
    $26.48
    Shares Outstanding 87.20 M
    Assets Under Management $2,309.14 M

    Fund Performance

    • Fund Inception Date: May 25 2007

    as of Nov 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 25 2007
    Fund Before Tax
    NAV Nov 30 2022 1.90% 3.18% -11.66% -11.44% 1.48% 2.37% 1.01% 3.52%
    Market Value Nov 30 2022 1.93% 3.34% -11.61% -11.40% 1.50% 2.38% 1.02% 3.52%
    Bloomberg U.S. Government Inflation-Linked Bond Index Nov 30 2022 1.92% 3.20% -11.68% -11.40% 1.56% 2.48% 1.14% 3.66%
    Fund After Tax
    Return after Taxes on Distributions Nov 30 2022 1.90% 3.18% -13.80% -13.85% -0.30% 0.77% -0.08% 2.36%
    Return after Taxes on Distributions and Sale of Fund Shares Nov 30 2022 1.12% 1.88% -6.84% -6.69% 0.45% 1.17% 0.31% 2.29%
    Bloomberg U.S. Government Inflation-Linked Bond Index Nov 30 2022 1.92% 3.20% -11.68% -11.40% 1.56% 2.48% 1.14% 3.66%

    as of Sep 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 25 2007
    Fund Before Tax
    NAV Sep 30 2022 -6.81% -5.23% -14.38% -12.30% 0.55% 1.80% 0.83% 3.35%
    Market Value Sep 30 2022 -6.89% -5.30% -14.46% -12.40% 0.46% 1.79% 0.82% 3.34%
    Bloomberg U.S. Government Inflation-Linked Bond Index Sep 30 2022 -6.87% -5.26% -14.42% -12.26% 0.64% 1.92% 0.97% 3.49%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2022 -7.30% -6.30% -16.46% -14.84% -1.23% 0.19% -0.26% 2.18%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -4.02% -3.06% -8.41% -7.13% -0.22% 0.75% 0.19% 2.15%
    Bloomberg U.S. Government Inflation-Linked Bond Index Sep 30 2022 -6.87% -5.26% -14.42% -12.26% 0.64% 1.92% 0.97% 3.49%

    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: 0.12%


    Top Holdings

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Top Holdings as of Dec 08 2022

    Name Market Value ISIN Weight
    TSY INFL IX N/B 0.625 01/15/2026 77,526,060.50 US912828N712 3.36%
    TSY INFL IX N/B 0.375 07/15/2025 73,579,245.58 US912828XL95 3.19%
    TSY INFL IX N/B 0.125 07/15/2024 69,758,361.02 US912828WU04 3.02%
    TSY INFL IX N/B 2.375 01/15/2025 68,729,155.74 US912810FR42 2.98%
    TSY INFL IX N/B 0.125 07/15/2030 68,333,348.86 US912828ZZ63 2.96%
    TSY INFL IX N/B 0.25 01/15/2025 67,806,579.35 US912828H458 2.94%
    TSY INFL IX N/B 0.125 01/15/2032 67,018,164.60 US91282CDX65 2.90%
    TSY INFL IX N/B 0.125 07/15/2031 66,743,546.11 US91282CCM10 2.89%
    TSY INFL IX N/B 0.625 01/15/2024 64,656,393.36 US912828B253 2.80%
    TSY INFL IX N/B 0.625 07/15/2032 63,691,804.25 US91282CEZ05 2.76%

    Index Top Holdings as of Dec 08 2022

    Name ISIN Weight
    TSY INFL IX N/B .625 01/15/2026 US912828N712 3.10%
    TSY INFL IX N/B .625 01/15/2024 US912828B253 3.09%
    TSY INFL IX N/B .125 07/15/2024 US912828WU04 3.00%
    TSY INFL IX N/B .375 07/15/2025 US912828XL95 3.00%
    TSY INFL IX N/B .25 01/15/2025 US912828H458 2.99%
    TSY INFL IX N/B .125 01/15/2032 US91282CDX65 2.99%
    TSY INFL IX N/B .125 07/15/2031 US91282CCM10 2.85%
    TSY INFL IX N/B .625 07/15/2032 US91282CEZ05 2.85%
    TSY INFL IX N/B .125 07/15/2030 US912828ZZ63 2.76%
    TSY INFL IX N/B .375 01/15/2027 US912828V491 2.73%

    Sector Allocation

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Sector Breakdown as of Dec 08 2022

    Sector Weight
    Treasury 99.88%
    Cash 0.12%

    Index Sector Breakdown as of Dec 08 2022

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Quality Breakdown as of Dec 08 2022

    Name Weight
    AAA 100.00%

    Index Quality Breakdown as of Dec 08 2022

    Name Weight
    AAA 100.00%

    Maturity Ladder

    as of Dec 08 2022
    as of Dec 08 2022

    Fund Maturity Ladder as of Dec 08 2022

    Name Weight
    0 - 1 Year 0.12%
    1 - 2 Years 10.31%
    2 - 3 Years 13.35%
    3 - 5 Years 22.91%
    5 - 7 Years 17.49%
    7 - 10 Years 17.57%
    15 - 20 Years 5.41%
    20 - 30 Years 12.83%

    Index Maturity Ladder as of Dec 08 2022

    Name Weight
    1 - 2 Years 10.69%
    2 - 3 Years 13.33%
    3 - 5 Years 23.02%
    5 - 7 Years 17.51%
    7 - 10 Years 17.41%
    15 - 20 Years 5.35%
    20 - 30 Years 12.70%

    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 Portfolio TIPS 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®" and Bloomberg U.S. Government Inflation-Linked Bond 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 Portfolio TIPS ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Portfolio TIPS ETF.

    Prior to 09/23/2019, the SPDR® Portfolio TIPS ETF was known as the SPDR® Bloomberg Barclays TIPS ETF.

    Prior to 09/23/2019, the ticker for SPIP was IPE.

    Prior to 8/24/2021, the Bloomberg U.S. Government Inflation-Linked Bond Index was known as the Bloomberg Barclays U.S. Government Inflation-Linked Bond Index.