Special Notice for Funds With Russian Exposure: If market quotations, official closing prices, and/or information furnished by approved pricing sources are not readily available or are deemed unreliable for a portfolio instrument, then that instrument will be valued at fair value as determined in good faith in accordance with SSGA’s fair value pricing procedures. Certain fund holdings have been fair valued at zero but may not yet be reflected as such in the fund holdings file. 


SPDR® Bloomberg Emerging Markets Local Bond ETF EBND

NAV
$20.34
as of Dec 01 2022
Base Currency
USD
Assets Under Management
$2,115.04 M
as of Dec 01 2022
Gross Expense Ratio
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., Standard & Poor's Financial Services, LLC and Fitch Inc., respectively.


    Fund Information as of Dec 04 2022

    Benchmark Bloomberg EM Local Currency Government Diversified Index
    Inception Date Feb 23 2011
    Options Available Yes
    Gross Expense Ratio
    0.30%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Sub-advisor State Street Global Advisors Limited
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Dec 04 2022

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

    Fund Characteristics as of Dec 01 2022

    Number of Holdings 494
    Average Coupon
    4.65%
    Average Maturity in Years
    8.53
    Average Price $92.86
    Average Yield To Worst *
    6.36%
    Option Adjusted Duration
    6.06 years
    Option Adjusted Spread 25.82
    Yield To Maturity *
    6.36%

    Index Characteristics as of Dec 01 2022

    Number of Holdings 601
    Average Coupon 4.69%
    Average Maturity in Years 8.58
    Average Price $93.82
    Average Yield To Worst 6.37%
    Option Adjusted Duration 6.06 years
    Option Adjusted Spread 26.57
    Yield to Maturity 6.37%

    Yields as of Dec 01 2022

    30 Day SEC Yield
    6.28%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    4.74%

    Fund Market Price as of Dec 01 2022

    Bid/Ask
    $20.50
    Closing Price
    $20.51
    Day High $20.56
    Day Low $20.36
    Exchange Volume (Shares)
    174,211
    Premium/Discount
    0.80%
    30-Day Median Bid/Ask Spread
    0.05%

    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
    163 37 32 30
    Days Traded at Discount
    89 25 30 34

    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 01 2022

    Net Cash Amount $21,718,662.31

    Fund Net Asset Value as of Dec 01 2022

    NAV
    $20.34
    Shares Outstanding 104.00 M
    Assets Under Management $2,115.04 M

    Fund Performance

    • Fund Inception Date: Feb 23 2011

    as of Oct 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Oct 31 2022 -0.50% -0.50% -19.78% -20.83% -8.37% -4.23% -2.49% -1.22%
    Market Value Oct 31 2022 -0.17% -0.17% -20.32% -21.08% -8.58% -4.36% -2.61% -1.26%
    Bloomberg EM Local Currency Government Diversified Index Oct 31 2022 -0.50% -0.50% -20.55% -21.56% -8.32% -3.89% -1.92% -0.58%
    Fund After Tax
    Return after Taxes on Distributions Oct 31 2022 -0.69% -0.69% -20.87% -22.09% -9.16% -5.02% -3.13% -1.89%
    Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 -0.29% -0.29% -11.65% -12.15% -6.39% -3.32% -1.98% -1.06%
    Bloomberg EM Local Currency Government Diversified Index Oct 31 2022 -0.50% -0.50% -20.55% -21.56% -8.32% -3.89% -1.92% -0.58%

    as of Sep 30 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 23 2011
    Fund Before Tax
    NAV Sep 30 2022 -5.73% -5.25% -19.38% -21.32% -7.55% -4.53% -2.36% -1.19%
    Market Value Sep 30 2022 -6.16% -6.15% -20.18% -21.92% -7.85% -4.73% -2.47% -1.26%
    Bloomberg EM Local Currency Government Diversified Index Sep 30 2022 -5.64% -5.22% -20.14% -22.05% -7.49% -4.18% -1.76% -0.54%
    Fund After Tax
    Return after Taxes on Distributions Sep 30 2022 -5.90% -5.78% -20.32% -22.51% -8.28% -5.32% -2.99% -1.84%
    Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -3.39% -3.09% -11.41% -12.43% -5.77% -3.54% -1.88% -1.03%
    Bloomberg EM Local Currency Government Diversified Index Sep 30 2022 -5.64% -5.22% -20.14% -22.05% -7.49% -4.18% -1.76% -0.54%

    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

    as of Dec 01 2022
    as of Dec 01 2022

    Fund Top Holdings as of Dec 01 2022

    Name Market Value ISIN Weight
    LETRA TESOURO NACIONAL 0 01/01/2024 30,668,786.27 - 1.45%
    NOTA DO TESOURO NACIONAL 10 01/01/2025 30,525,282.61 BRSTNCNTF170 1.44%
    TURKEY GOVERNMENT BOND 16.9 09/02/2026 21,313,744.08 TRT020926T17 1.01%
    LETRA TESOURO NACIONAL 0 01/01/2026 17,331,085.05 - 0.82%
    BONOS DE TESORERIA 6.35 08/12/2028 17,258,283.32 PEP01000C5D1 0.82%
    BONOS TESORERIA PESOS 5.8 06/01/2024 16,568,051.22 CL0002720275 0.78%
    LETRA TESOURO NACIONAL 0 07/01/2024 16,140,317.93 - 0.76%
    PHILIPPINE GOVERNMENT 3.75 08/12/2028 15,062,035.04 PHY6972HKH84 0.71%
    MEX BONOS DESARR FIX RT 8 09/05/2024 14,360,553.92 MX0MGO000151 0.68%
    PHILIPPINE GOVERNMENT 4.875 01/20/2032 13,829,493.91 PHY6972HLJ32 0.65%

    Index Top Holdings as of Dec 01 2022

    Name ISIN Weight
    LETRA TESOURO NACIONAL 0 01/01/2024 BRSTNCLTN7S1 1.65%
    LETRA TESOURO NACIONAL 0 01/01/2026 BRSTNCLTN7U7 0.81%
    REPUBLIC OF SOUTH AFRICA 10.5 12/21/2026 ZAG000016320 0.73%
    NOTA DO TESOURO NACIONAL 10 01/01/2027 BRSTNCNTF1P8 0.71%
    NOTA DO TESOURO NACIONAL 10 01/01/2025 BRSTNCNTF170 0.70%
    BONOS TESORERIA PESOS 2.5 03/01/2025 CL0002599166 0.67%
    LETRA TESOURO NACIONAL 0 07/01/2025 BRSTNCLTN7Z6 0.56%
    REPUBLIC OF SOUTH AFRICA 8 01/31/2030 ZAG000106998 0.55%
    KOREA TREASURY BOND 1.875 03/10/2051 KR103502GB33 0.54%
    BONOS TESORERIA PESOS 5 03/01/2035 CL0002187822 0.53%

    Sector Allocation

    as of Dec 01 2022
    as of Dec 01 2022

    Fund Sector Breakdown as of Dec 01 2022

    Sector Weight
    Treasury 98.97%
    Cash 0.59%
    Agency 0.41%
    Non Corporates 0.04%

    Index Sector Breakdown as of Dec 01 2022

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    as of Dec 01 2022
    as of Dec 01 2022

    Fund Quality Breakdown as of Dec 01 2022

    Name Weight
    A- 0.01%
    AAA 0.63%
    A1 16.65%
    A2 7.97%
    AA2 12.54%
    A3 7.28%
    AA3 4.31%
    B2 3.36%
    BA2 3.91%
    BA3 6.85%
    BAA1 7.67%
    BAA2 21.06%
    BAA3 7.76%
    Not Rated 0.01%

    Index Quality Breakdown as of Dec 01 2022

    Name Weight
    A1 16.80%
    A2 7.93%
    AA2 12.56%
    A3 7.28%
    AA3 4.36%
    B2 3.41%
    BA2 3.95%
    BA3 6.88%
    BAA1 7.75%
    BAA2 21.17%
    BAA3 7.92%

    Maturity Ladder

    as of Dec 01 2022
    as of Dec 01 2022

    Fund Maturity Ladder as of Dec 01 2022

    Name Weight
    0 - 1 Year 1.00%
    1 - 2 Years 12.74%
    2 - 3 Years 10.61%
    3 - 5 Years 20.16%
    5 - 7 Years 12.49%
    7 - 10 Years 17.44%
    10 - 15 Years 9.33%
    15 - 20 Years 6.10%
    20 - 30 Years 8.99%
    > 30 Years 1.15%

    Index Maturity Ladder as of Dec 01 2022

    Name Weight
    1 - 2 Years 13.31%
    2 - 3 Years 11.64%
    3 - 5 Years 20.06%
    5 - 7 Years 11.97%
    7 - 10 Years 17.38%
    10 - 15 Years 9.40%
    15 - 20 Years 5.63%
    20 - 30 Years 9.06%
    > 30 Years 1.55%

    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.