SPDR® Bloomberg Barclays International Corporate Bond ETF IBND

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.

$33.93

as of Jul 09 2020

Base Currency

USD

Assets Under Management

$152.68 M

as of Jul 09 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.

0.50%


Key Features

Key Features

  • The SPDR® Bloomberg Barclays International 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 Global Aggregate ex-USD > $1B: Corporate Bond Index (the "Index")
  • Seeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United States
  • The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining
  • Market cap weighted and reconstituted on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index is designed to be a broad based measure of the global investment-grade, fixed rate, fixed income corporate markets outside the United States. The Index is part of the Bloomberg Barclays Global ex-USD Aggregate Bond Index (the "Aggregate Index"). The major components of the Aggregate Index are the Pan-European Aggregate and the Asian Pacific Aggregate Indices. The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Securities must be fixed rate, although zero coupon bonds and step-ups are permitted. Additionally, securities must be rated investment grade (Baa3/BBB-/BBB- or better) using the middle rating from Moody's Investors Service, Inc., Fitch Inc., or Standard & Poor's Financial Services, LLC. after dropping the highest and lowest available ratings. If only two agencies rate a security, then the more conservative (lower) rating will be used. If only one rating agency rates a security, then that one rating will be used. Excluded from the Index are subordinated debts, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, inflation-linked bonds, and structured notes. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month.


Fund Information as of Jul 09 2020

Fund Information as of Jul 09 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 Sub-advisor Investment Manager
Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index May 19 2010 No 0.50% USD State Street Global Advisors Limited SSGA Funds Management, Inc.
Benchmark Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index
Inception Date May 19 2010
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.

0.50%
Base Currency USD
Sub-advisor State Street Global Advisors Limited
Investment Manager SSGA Funds Management, Inc.
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 Jul 09 2020

Listing Information as of Jul 09 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE May 20 2010 USD IBND 78464A151 US78464A1512
Exchange NYSE ARCA EXCHANGE
Listing Date May 20 2010
Trading Currency USD
Ticker IBND
CUSIP 78464A151
ISIN US78464A1512

Fund Characteristics as of Jul 09 2020

Fund Characteristics as of Jul 09 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.

673 1.85% 6.78 $107.29 0.67% 1.64% 5.90 years
Number of Holdings 673
Average Coupon

Average Coupon

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

1.85%
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.

6.78
Average Price $107.29
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.

0.67%
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.

1.64%
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.

5.90 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.

119.74 0.68%
Option Adjusted Spread 119.74
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.

0.68%

Index Characteristics as of Jul 09 2020

Index Characteristics as of Jul 09 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
854 1.78% 6.72 $107.16 0.67% 1.58% 5.88 years
Number of Holdings 854
Average Coupon 1.78%
Average Maturity in Years 6.72
Average Price $107.16
Average Yield To Worst 0.67%
Current Yield 1.58%
Option Adjusted Duration 5.88 years
Option Adjusted Spread Yield to Maturity
120.72 0.68%
Option Adjusted Spread 120.72
Yield to Maturity 0.68%

Yields as of Jul 09 2020

Yields as of Jul 09 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.

0.28% - 0.59%
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.

0.28%
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.

0.59%

Fund Market Price as of Jul 09 2020

Fund Market Price as of Jul 09 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 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)

$34.16 $34.19 $34.29 $34.15 4,376 0.67%
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 a given security.

$34.16
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$34.19
Day High $34.29
Day Low $34.15
Exchange Volume (Shares)

Exchange Volume (shares)

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

4,376
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)

0.67%

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 Jul 09 2020

    Fund Net Cash Amount as of Jul 09 2020
    Net Cash Amount
    $1,012,765.98
    Net Cash Amount $1,012,765.98

    Fund Net Asset Value as of Jul 09 2020

    Fund Net Asset Value as of Jul 09 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
    $33.93 4.50 M $152.68 M
    NAV

    NAV

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

    $33.93
    Shares Outstanding 4.50 M
    Assets Under Management $152.68 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: May 19 2010

    as of Jun 30 2020

    as of Jun 30 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 19 2010
    Fund Before Tax
    NAV Jun 30 2020 1.98% 8.43% -1.03% -1.18% 1.03% 1.77% 2.21% 2.17%
    Market Value Jun 30 2020 2.17% 8.70% -0.94% -1.13% 1.03% 1.77% 2.21% 2.20%
    Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index Jun 30 2020 2.00% 8.45% -0.72% -0.61% 1.55% 2.30% 2.70% 2.66%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 1.96% 8.36% -1.13% -1.39% 0.87% 1.68% 1.83% 1.80%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 1.17% 4.99% -0.61% -0.70% 0.72% 1.32% 1.57% 1.54%
    Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index Jun 30 2020 2.00% 8.45% -0.72% -0.61% 1.55% 2.30% 2.70% 2.66%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 19 2010
    Fund Before Tax
    NAV Jun 30 2020 1.98% 8.43% -1.03% -1.18% 1.03% 1.77% 2.21% 2.17%
    Market Value Jun 30 2020 2.17% 8.70% -0.94% -1.13% 1.03% 1.77% 2.21% 2.20%
    Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index Jun 30 2020 2.00% 8.45% -0.72% -0.61% 1.55% 2.30% 2.70% 2.66%
    Fund After Tax
    Return after Taxes on Distributions Jun 30 2020 1.96% 8.36% -1.13% -1.39% 0.87% 1.68% 1.83% 1.80%
    Return after Taxes on Distributions and Sale of Fund Shares Jun 30 2020 1.17% 4.99% -0.61% -0.70% 0.72% 1.32% 1.57% 1.54%
    Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index Jun 30 2020 2.00% 8.45% -0.72% -0.61% 1.55% 2.30% 2.70% 2.66%

    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.

    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: 0.50%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Jul 09 2020
    Index Top Holdingsas of Jul 09 2020

    Fund Top Holdings as of Jul 09 2020

    Name Market Value ISIN Weight
    ORANGE SA 8.125 01/28/2033 840,591.07 FR0000471930 0.55%
    TOTAL CAPITAL CANADA LTD 2.125 09/18/2029 790,450.86 XS1111559925 0.52%
    ANHEUSER-BUSCH INBEV SA/ 2.75 03/17/2036 770,441.92 BE6285457519 0.50%
    WELLS FARGO & COMPANY 1.5 05/24/2027 707,791.03 XS1617830721 0.46%
    VOLKSWAGEN INTL FIN NV 1.875 03/30/2027 706,671.58 XS1586555945 0.46%
    SIEMENS FINANCIERINGSMAT 1.375 09/06/2030 623,606.44 XS1874127902 0.41%
    COOPERATIEVE RABOBANK UA 4.75 06/06/2022 619,366.33 XS0304159576 0.41%
    JPMORGAN CHASE & CO 1.638 05/18/2028 602,515.90 XS1615079974 0.39%
    AT&T INC 4.875 06/01/2044 602,169.19 XS0785710046 0.39%
    BP CAPITAL MARKETS PLC 1.573 02/16/2027 597,148.81 XS1190974011 0.39%

    Index Top Holdings as of Jul 09 2020

    Name ISIN Weight
    COOPERATIEVE RABOBANK UA 4.125 07/14/2025 XS0525602339 0.32%
    ANHEUSER-BUSCH INBEV SA/ 2 03/17/2028 BE6285455497 0.30%
    ANHEUSER-BUSCH INBEV SA/ 2.75 03/17/2036 BE6285457519 0.29%
    COOPERATIEVE RABOBANK UA 4.75 06/06/2022 XS0304159576 0.26%
    ORANGE SA 8.125 01/28/2033 FR0000471930 0.26%
    ANHEUSER-BUSCH INBEV SA/ 1.5 03/17/2025 BE6285454482 0.24%
    VOLKSWAGEN INTL FIN NV 1.875 03/30/2027 XS1586555945 0.24%
    ENEL FINANCE INTL NV 5.75 09/14/2040 XS0452187320 0.23%
    BNP PARIBAS 2.125 01/23/2027 FR0013398070 0.22%
    ENGIE SA 5 10/01/2060 FR0010946855 0.22%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Jul 09 2020
    Index Sector Breakdownas of Jul 09 2020

    Fund Sector Breakdown as of Jul 09 2020

    Sector Weight
    Corporate - Industrial 48.59%
    Corporate - Finance 46.21%
    Corporate - Utility 4.57%
    Cash 0.63%
    Other 0.00%

    Index Sector Breakdown as of Jul 09 2020

    Sector Weight
    Corporate - Industrial 48.96%
    Corporate - Finance 46.44%
    Corporate - Utility 4.60%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Jul 09 2020
    Index Quality Breakdownas of Jul 09 2020

    Fund Quality Breakdown as of Jul 09 2020

    Name Weight
    Aaa 1.67%
    Aa 16.64%
    A 43.68%
    Baa 38.00%

    Index Quality Breakdown as of Jul 09 2020

    Name Weight
    Aaa 0.91%
    Aa 16.95%
    A 43.93%
    Baa 38.21%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Jul 09 2020
    Index Maturity Ladderas of Jul 09 2020

    Fund Maturity Ladder as of Jul 09 2020

    Name Weight
    0 - 1 Year 0.63%
    1 - 2 Years 10.40%
    2 - 3 Years 11.57%
    3 - 5 Years 24.41%
    5 - 7 Years 22.08%
    7 - 10 Years 15.71%
    10 - 15 Years 7.99%
    15 - 20 Years 3.84%
    20 - 30 Years 2.66%
    > 30 Years 0.71%

    Index Maturity Ladder as of Jul 09 2020

    Name Weight
    1 - 2 Years 11.76%
    2 - 3 Years 11.90%
    3 - 5 Years 23.96%
    5 - 7 Years 22.03%
    7 - 10 Years 14.91%
    10 - 15 Years 8.28%
    15 - 20 Years 3.91%
    20 - 30 Years 2.53%
    > 30 Years 0.72%

    Geographical Breakdown

    Geographical Breakdown

    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 Bloomberg Barclays International 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.

    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.