Efficiently accessing the targeted levels of income generation, capital preservation and risk exposure offered by fixed income can be challenging for investors of all sizes. This is especially true in less liquid sectors and regions. State Street’s SPDR® fixed income ETFs provide a cost-effective, liquid and transparent way to build your fixed income portfolio.
Fixed Income ETF Expertise
Intelligent fixed income indexing is in our DNA. Our fixed income ETFs are built and powered by the same expertise and resources that have made us one of the world’s leading fixed income institutional managers and a pioneer in ETF investing.
Across regions and sectors, we bring a unique combination of market knowledge, product expertise and scale to our SPDR ETF fixed income range. As the creator of the first US-listed ETF, we have more than 25 years of experience helping investors build strong, flexible portfolios.
in fixed income assets 1
dedicated fixed income professionals
of fixed income indexing experience
Research and Insights
Explore our market insights into how investors can use ETFs to efficiently construct fixed income portfolios and capitalize on current opportunities.
Access our comprehensive quarterly report on fixed income flows and holdings. Our analysis includes investor trends across $10 trillion of assets,2 as well as SPDR fixed income ETF implementation ideas for the upcoming quarter.
We have developed a broad suite of fixed income ETFs to help investors build custom portfolios to pursue their goals. This breadth empowers us to provide innovative solutions powered by objective thinking.
Our fund family covers everything from government bonds to corporates, emerging market debt, high yield, and convertibles – and everything in between.
Since their introduction in 2002, fixed income ETFs have helped investors to:
Across indexed and active strategies, ETFs have expense ratios that are significantly lower than mutual funds.3 These savings can have a meaningful impact on performance, especially in a low-yield environment.
ETFs' robust secondary market trading allows investors to tap into market liquidity more easily and reallocate more quickly than they can with single-CUSIP bond holdings.
Index-based and actively managed ETFs report holdings daily, increasing transparency for investors performing daily portfolio due diligence and attribution for risk management.
ETFs precisely cover the entire term structure along the yield curve, so investors can fine tune a portfolio’s interest rate risk (duration) to match market views or client liabilities.
Modulate Credit Risk
Ranging from investment-grade credit to crossover debt to senior loans to high yield, ETFs allow investors to control the amount of credit risk in a portfolio with ease and transparency.
Ways to Use Fixed Income ETFs
Investors implement fixed income ETFs for a broad array of objectives, including:
Creating custom portfolios using indexes across a wide array of bond subsectors
Building adaptable beta solutions to equitize cash or provide easy reinvestment of accumulated coupon payments
Targeting trends by rotating efficiently in and out of asset classes based on macro, technical or fundamental trends
1 State Street Global Advisors, as of September 30, 2020. 2 State Street Form 10-K, as of December 31, 2019. The fixed income flows and holdings indicators produced by State Street Global markets, the investment, research and trading division of State Street Corporation, are based on aggregated and anonymized custody data provided to it by State Street, in its role as custodian. State Street Global Advisors does not have access to the underlying custody data used to produce the indicators. 3 Morningstar as of June 29, 2020.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
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