Bloomberg has determined to substantially continue the standard index rebalance for March month-end. However, they will temporarily suspend the exclusion of index bonds falling below the minimum one year to maturity. Barring any unforeseen circumstances, Bloomberg plans to resume normal rebalancing at April 2020 month end. There will be no changes to the ETFs’ distribution dates. View the calendar here.


SPDR® Bloomberg Barclays International Treasury Bond ETF BWX

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.

$27.69

as of Apr 01 2020

Base Currency

USD

Assets Under Management

$908.10 M

as of Apr 01 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.

0.35%


Key Features

Key Features

  • The SPDR® Bloomberg Barclays International Treasury 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 Treasury ex-US Capped Index (the "Index")
  • Seeks to provide exposure to fixed-rate local currency sovereign debt of investment grade countries outside the United States
  • Index includes government bonds issued by investment grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated investment grade
  • Rebalanced on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays Global Treasury ex-US Capped Index is designed to track the fixed-rate local currency sovereign debt of investment grade countries outside the United States. The Index includes government bonds issued by investment grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated investment grade (Baa3/BBB-/BBB-or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's, Inc. and Fitch Inc., respectively). Each of the component securities in the Index is a constituent of the Bloomberg Barclays Global Treasury ex-US Index, screened such that the following countries are included: Australia, Austria, Belgium, Canada, Chile, China, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Hungary, Indonesia, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Singapore, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Thailand and the United Kingdom. In addition, the securities in the Index must be fixed-rate and have certain minimum amounts outstanding, depending upon the currency in which the bonds are denominated. The Index is calculated by Bloomberg Index Services Limited using a modified "market capitalization" methodology. This design ensures that each constituent country within the Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of the Index. Component securities in each constituent country are represented in a proportion consistent with their percentage relative to the other component securities in the constituent country. As of August 31, 2018, a significant portion of the Fund comprised companies located in Europe and Japan, although this may change from time to time. As of August 31, 2018, there were approximately 1,187 securities in the Index and the modified adjusted duration of securities in the Index was approximately 8.12 years.


Fund Information as of Apr 01 2020

Fund Information as of Apr 01 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 Global Treasury ex-US Capped Index Oct 02 2007 Yes 0.35% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays Global Treasury ex-US Capped Index
Inception Date Oct 02 2007
Options Available Yes
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.

0.35%
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 01 2020

Listing Information as of Apr 01 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Oct 02 2007 USD BWX 78464A516 US78464A5166
Exchange NYSE ARCA EXCHANGE
Listing Date Oct 02 2007
Trading Currency USD
Ticker BWX
CUSIP 78464A516
ISIN US78464A5166

Fund Characteristics as of Apr 01 2020

Fund Characteristics as of Apr 01 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.

976 2.61% 10.55 $117.76 0.78% 2.18% 8.79 years
Number of Holdings 976
Average Coupon

Average Coupon

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

2.61%
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.

10.55
Average Price $117.76
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.

0.78%
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.

2.18%
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.

8.79 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.

24.56 0.78%
Option Adjusted Spread 24.56
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.

0.78%

Index Characteristics as of Apr 01 2020

Index Characteristics as of Apr 01 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
1,347 2.61% 10.47 $117.71 0.77% 2.18% 8.73 years
Number of Holdings 1,347
Average Coupon 2.61%
Average Maturity in Years 10.47
Average Price $117.71
Average Yield To Worst 0.77%
Current Yield 2.18%
Option Adjusted Duration 8.73 years
Option Adjusted Spread Yield to Maturity
24.08 0.77%
Option Adjusted Spread 24.08
Yield to Maturity 0.77%

Yields as of Mar 31 2020

Yields as of Mar 31 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.

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.

0.51% 1.20%
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.

0.51%
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.

1.20%

Fund Market Price as of Apr 01 2020

Fund Market Price as of Apr 01 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)

$27.54 $27.56 $27.74 $27.51 47,824 -0.51%
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.

$27.54
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$27.56
Day High $27.74
Day Low $27.51
Exchange Volume (Shares)

Exchange Volume (shares)

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

47,824
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)

-0.51%

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 Apr 01 2020

    Fund Net Cash Amount as of Apr 01 2020
    Net Cash Amount
    $8,742,513.81
    Net Cash Amount $8,742,513.81

    Fund Net Asset Value as of Apr 01 2020

    Fund Net Asset Value as of Apr 01 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
    $27.69 32.80 M $908.10 M
    NAV

    NAV

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

    $27.69
    Shares Outstanding 32.80 M
    Assets Under Management $908.10 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Oct 02 2007
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 02 2007
    Fund Before Tax
    NAV Feb 29 2020 -0.30% 0.32% 0.32% 5.01% 3.74% 1.87% 1.48% 2.30%
    Market Value Feb 29 2020 0.06% 0.56% 0.56% 5.77% 4.02% 2.01% 1.56% 2.34%
    Bloomberg Barclays Global Treasury ex-US Capped Index Feb 29 2020 -0.25% 0.41% 0.41% 5.45% 4.23% 2.40% 1.98% 2.92%
    Fund After Tax
    Return after Taxes on Distributions Feb 29 2020 -0.34% 0.28% 0.28% 4.52% 3.37% 1.65% 1.01% 1.79%
    Return after Taxes on Distributions and Sale of Fund Shares Feb 29 2020 -0.18% 0.19% 0.19% 2.97% 2.72% 1.35% 0.96% 1.60%
    Bloomberg Barclays Global Treasury ex-US Capped Index Feb 29 2020 -0.25% 0.41% 0.41% 5.45% 4.23% 2.40% 1.98% 2.92%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 02 2007
    Fund Before Tax
    NAV Dec 31 2019 1.10% 0.51% 5.64% 5.64% 4.38% 1.34% 1.38% 2.31%
    Market Value Dec 31 2019 1.21% 0.76% 5.47% 5.47% 4.44% 1.33% 1.40% 2.32%
    Bloomberg Barclays Global Treasury ex-US Capped Index Dec 31 2019 1.14% 0.62% 6.04% 6.04% 4.88% 1.86% 1.88% 2.93%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 1.04% 0.36% 5.14% 5.14% 4.02% 1.13% 0.91% 1.79%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.66% 0.31% 3.34% 3.34% 3.23% 0.94% 0.88% 1.60%
    Bloomberg Barclays Global Treasury ex-US Capped Index Dec 31 2019 1.14% 0.62% 6.04% 6.04% 4.88% 1.86% 1.88% 2.93%

    as of Feb 29 2020

    as of Dec 31 2019

    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: 0.35%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 01 2020
    Index Top Holdingsas of Apr 01 2020

    Fund Top Holdings as of Apr 01 2020

    Name Market Value ISIN Weight
    CHINA GOVERNMENT BOND 3.29 10/18/2023 13,386,498.33 CND10001Q6P2 1.47%
    CHINA GOVERNMENT BOND 4.08 10/22/2048 6,179,633.91 CND10001Q6Q0 0.68%
    CHINA GOVERNMENT BOND 3.25 11/22/2028 5,325,756.29 CND10001RRB3 0.59%
    KOREA TREASURY BOND 5.5 03/10/2028 4,561,509.00 KR1035027V32 0.50%
    INDONESIA GOVERNMENT 6.125 05/15/2028 4,201,222.17 IDG000010307 0.46%
    KINGDOM OF DENMARK 4.5 11/15/2039 4,136,670.12 DK0009922320 0.46%
    KOREA TREASURY BOND 2.125 03/10/2047 3,756,141.99 KR103502G735 0.41%
    NETHERLANDS GOVERNMENT 3.75 01/15/2042 3,628,822.75 NL0009446418 0.40%
    INDONESIA GOVERNMENT 6.625 05/15/2033 3,553,059.03 IDG000010406 0.39%
    JAPAN (5 YEAR ISSUE) 0.1 03/20/2024 3,532,323.47 JP1051391K44 0.39%

    Index Top Holdings as of Apr 01 2020

    Name ISIN Weight
    KINGDOM OF DENMARK 4.5 11/15/2039 DK0009922320 0.44%
    NETHERLANDS GOVERNMENT 3.75 01/15/2042 NL0009446418 0.39%
    BELGIUM KINGDOM 5 03/28/2035 BE0000304130 0.36%
    NETHERLANDS GOVERNMENT 4 01/15/2037 NL0000102234 0.35%
    NETHERLANDS GOVERNMENT 2.75 01/15/2047 NL0010721999 0.34%
    BELGIUM KINGDOM 4.25 03/28/2041 BE0000320292 0.33%
    BELGIUM KINGDOM 5.5 03/28/2028 BE0000291972 0.31%
    REPUBLIC OF AUSTRIA 4.15 03/15/2037 AT0000A04967 0.30%
    AUSTRALIAN GOVERNMENT 4.25 04/21/2026 AU000XCLWAI8 0.30%
    AUSTRALIAN GOVERNMENT 4.75 04/21/2027 AU3TB0000135 0.29%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 01 2020
    Index Sector Breakdownas of Apr 01 2020

    Fund Sector Breakdown as of Apr 01 2020

    Sector Weight
    Treasury 99.68%
    Cash 0.32%

    Index Sector Breakdown as of Apr 01 2020

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 01 2020
    Index Quality Breakdownas of Apr 01 2020

    Fund Quality Breakdown as of Apr 01 2020

    Name Weight
    Aaa 22.56%
    Aa 25.70%
    A 37.85%
    Baa 13.89%

    Index Quality Breakdown as of Apr 01 2020

    Name Weight
    Aaa 22.55%
    Aa 25.58%
    A 38.02%
    Baa 13.85%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 01 2020
    Index Maturity Ladderas of Apr 01 2020

    Fund Maturity Ladder as of Apr 01 2020

    Name Weight
    0 - 1 Year 0.32%
    1 - 2 Years 10.03%
    2 - 3 Years 8.51%
    3 - 5 Years 16.81%
    5 - 7 Years 11.27%
    7 - 10 Years 17.85%
    10 - 15 Years 10.93%
    15 - 20 Years 8.44%
    20 - 30 Years 12.32%
    > 30 Years 3.53%

    Index Maturity Ladder as of Apr 01 2020

    Name Weight
    1 - 2 Years 11.20%
    2 - 3 Years 9.16%
    3 - 5 Years 15.64%
    5 - 7 Years 11.98%
    7 - 10 Years 17.08%
    10 - 15 Years 10.99%
    15 - 20 Years 8.50%
    20 - 30 Years 11.73%
    > 30 Years 3.74%

    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 Treasury 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.