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SPDR® Bloomberg Emerging Markets Local Bond ETF EBND

NAV

NAV

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

$20.46
as of May 21 2024
Base Currency
USD
Assets Under Management
$1,991.11 M
as of May 21 2024
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.

0.30%

Key Features

  • The SPDR® Bloomberg Emerging Markets Local Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg EM Local Currency Government Diversified Index (the "Index")
  • Seeks to provide exposure to fixed-rate local currency sovereign debt of emerging market countries
  • Index includes government bonds, in local currencies, issued by investment grade and non-investment grade countries outside the U.S. that have a remaining maturity of one year or more
  • Rebalanced on the last business day of the month
  • About this Benchmark

    The Bloomberg  EM Local Currency Government Diversified Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by investment grade and non-investment grade countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody's Investors Service, Inc., S&P Global Ratings, and Fitch Ratings, Inc., respectively.

    Fund Information as of May 22 2024

    Benchmark Bloomberg EM Local Currency Government Diversified Index
    Inception Date Feb 23 2011
    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.

    0.30%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of May 22 2024

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Feb 24 2011 USD EBND 78464A391 US78464A3914

    Fund Characteristics as of May 21 2024

    Number of Holdings 570
    Average Coupon

    Average Coupon

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

    5.01%
    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.

    8.88
    Average Price

    Average Price The weighted average of each asset’s market price relative to its face value or par value.

    $94.25
    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.

    6.68%
    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.

    6.17 years
    Option Adjusted Spread 4.25
    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.

    6.68%

    Index Characteristics as of May 21 2024

    Number of Holdings 644
    Average Coupon 5.12%
    Average Maturity in Years 8.78
    Average Price $95.14
    Average Yield To Worst 6.69%
    Option Adjusted Duration 6.13 years
    Option Adjusted Spread 2.57
    Yield to Maturity 6.69%

    Yields as of May 20 2024

    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.

    6.09%
    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 Distribution Yield

    Fund Distribution Yield

    The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    5.48%

    Fund Market Price as of May 21 2024

    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.

    $20.46
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    $20.46
    Day High $20.50
    Day Low $20.46
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    6,560
    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)

    0.01%
    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.

    0.05%

    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.

    Number of Days Summary

    Calendar Year 2023 First Quarter of 2024
    Days Traded at Premium

    Number of days the ETF 4PM Bid/Ask was above the NAV.

    149 45
    Days Traded at Discount

    Number of days the ETF 4PM Bid/Ask was below the NAV.

    101 16

    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 May 21 2024

    Net Cash Amount $25,459,331.03

    Fund Net Asset Value as of May 21 2024

    NAV

    NAV

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

    $20.46
    Shares Outstanding 97.30 M
    Assets Under Management $1,991.11 M

    Fund Performance

    • Fund Inception Date: Feb 23 2011

    as of Apr 30 2024

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Apr 30 2024 -2.26% -2.26% -5.08% -0.24% -4.54% -1.26% -1.12% -0.07%
    Market Value Apr 30 2024 -2.60% -2.60% -5.19% -0.79% -4.69% -1.38% -1.14% -0.10%
    Benchmark
    Bloomberg EM Local Currency Government Diversified Index
    Apr 30 2024 -2.26% -2.26% -4.83% 0.23% -4.58% -1.07% -0.63% 0.55%
    Fund After Tax
    Return after Taxes on Distributions Apr 30 2024 -2.46% -2.46% -5.62% -1.75% -5.42% -1.95% -1.61% -0.70%
    Return after Taxes on Distributions and Sale of Fund Shares Apr 30 2024 -1.34% -1.34% -3.00% -0.04% -3.71% -1.14% -0.98% -0.23%
    Benchmark
    Bloomberg EM Local Currency Government Diversified Index
    Apr 30 2024 -2.26% -2.26% -4.83% 0.23% -4.58% -1.07% -0.63% 0.55%

    as of Mar 31 2024

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Mar 31 2024 -0.39% -2.88% -2.88% 1.94% -3.14% -0.91% -0.75% 0.11%
    Market Value Mar 31 2024 -0.53% -2.66% -2.66% 2.04% -3.18% -0.92% -0.72% 0.10%
    Benchmark
    Bloomberg EM Local Currency Government Diversified Index
    Mar 31 2024 -0.28% -2.63% -2.63% 2.58% -3.19% -0.71% -0.25% 0.73%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2024 -0.56% -3.25% -3.25% 0.44% -4.00% -1.59% -1.22% -0.52%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2024 -0.23% -1.71% -1.71% 1.23% -2.67% -0.89% -0.70% -0.10%
    Benchmark
    Bloomberg EM Local Currency Government Diversified Index
    Mar 31 2024 -0.28% -2.63% -2.63% 2.58% -3.19% -0.71% -0.25% 0.73%

    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: 0.30%

    Top Holdings

    Subject to change.

    as of May 21 2024
    as of May 21 2024

    Fund Top Holdings as of May 21 2024

    Name Market Value ISIN Weight
    LETRA TESOURO NACIONAL BILLS 07/26 0.00000 20,774,261.73 BRSTNCLTN848 1.04%
    BONOS DE TESORERIA BONDS 08/37 6.9 14,247,305.05 PEP01000C2Z1 0.72%
    MEX BONOS DESARR FIX RT BONDS 06/27 7.5 14,007,409.14 MX0MGO0000D8 0.70%
    NOTA DO TESOURO NACIONAL NOTES 01/29 10 13,227,972.17 BRSTNCNTF1Q6 0.66%
    REPUBLIC OF SOUTH AFRICA SR UNSECURED 01/30 8 12,659,930.42 ZAG000106998 0.64%
    MEX BONOS DESARR FIX RT BONDS 05/31 7.75 12,625,298.64 MX0MGO0000P2 0.63%
    REPUBLIC OF SOUTH AFRICA SR UNSECURED 12/26 10.5 12,068,354.00 ZAG000016320 0.61%
    LETRA TESOURO NACIONAL BILLS 04/25 0.00000 11,666,647.10 BRSTNCLTN830 0.59%
    POLAND GOVERNMENT BOND BONDS 04/28 2.75 11,554,144.97 PL0000107611 0.58%
    POLAND GOVERNMENT BOND BONDS 04/32 1.75 11,535,046.97 PL0000113783 0.58%

    Index Top Holdings as of May 21 2024

    Name ISIN Weight
    LETRA TESOURO NACIONAL 0 07/01/2026 BRSTNCLTN848 1.14%
    LETRA TESOURO NACIONAL 0 01/01/2026 BRSTNCLTN7U7 0.99%
    NOTA DO TESOURO NACIONAL 10 01/01/2029 BRSTNCNTF1Q6 0.77%
    NOTA DO TESOURO NACIONAL 10 01/01/2027 BRSTNCNTF1P8 0.74%
    REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 ZAG000016320 0.73%
    LETRA TESOURO NACIONAL 0 07/01/2025 BRSTNCLTN7Z6 0.67%
    REPUBLIC OF SOUTH AFRICA 8 01/31/2030 ZAG000106998 0.62%
    REPUBLIC OF SOUTH AFRICA 8.75 02/28/2048 ZAG000096173 0.57%
    LETRA TESOURO NACIONAL 0 07/01/2027 BRSTNCLTN871 0.54%
    BONOS TESORERIA PESOS 5 03/01/2035 CL0002187822 0.54%

    Sector Allocation

    as of May 21 2024
    as of May 21 2024

    Fund Sector Breakdown as of May 21 2024

    Sector Weight
    Treasury 98.55%
    Cash 0.76%
    Non Corporates 0.59%
    Agency 0.09%

    Index Sector Breakdown as of May 21 2024

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    as of May 21 2024
    as of May 21 2024

    Fund Quality Breakdown as of May 21 2024

    Name Weight
    AAA 1.18%
    AA1 0.07%
    AA2 12.45%
    AA3 4.71%
    A1 15.86%
    A2 8.24%
    A3 6.54%
    BAA1 4.54%
    BAA2 25.65%
    BAA3 8.11%
    BA2 9.19%
    B1 3.45%
    Not Rated 0.01%

    Index Quality Breakdown as of May 21 2024

    Name Weight
    AA2 12.55%
    AA3 4.65%
    A1 16.30%
    A2 8.35%
    A3 6.44%
    BAA1 4.55%
    BAA2 23.85%
    BAA3 8.10%
    BA2 11.60%
    B2 3.60%

    Maturity Ladder

    as of May 21 2024
    as of May 21 2024

    Fund Maturity Ladder as of May 21 2024

    Name Weight
    0 - 1 Year 2.78%
    1 - 2 Years 9.91%
    2 - 3 Years 12.09%
    3 - 5 Years 18.13%
    5 - 7 Years 11.55%
    7 - 10 Years 17.89%
    10 - 15 Years 10.12%
    15 - 20 Years 6.77%
    20 - 30 Years 9.20%
    > 30 Years 1.58%

    Index Maturity Ladder as of May 21 2024

    Name Weight
    1 - 2 Years 13.55%
    2 - 3 Years 11.17%
    3 - 5 Years 18.50%
    5 - 7 Years 12.60%
    7 - 10 Years 17.03%
    10 - 15 Years 10.06%
    15 - 20 Years 6.21%
    20 - 30 Years 9.21%
    > 30 Years 1.67%

    Geographical Breakdown

    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® Bloomberg Emerging Markets Local 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.

    SSGA Funds Management has retained State Street Global Advisors Limited as the sub-advisor.

    Prior to 10/31/2021, the SPDR Bloomberg Emerging Markets Local Bond ETF was known as the SPDR Bloomberg Barclays Emerging Markets Local Bond ETF.

    Prior to 8/24/2021, the Bloomberg EM Local Currency Government Diversified Index was known as the Bloomberg Barclays EM Local Currency Government Diversified Index.

    "Bloomberg®" and Bloomberg EM Local Currency Government Diversified 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 Bloomberg Emerging Markets Local Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg Emerging Markets Local Bond ETF.