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 International Treasury Bond ETF BWX

NAV
$23.26
as of Feb 03 2023
Base Currency
USD
Assets Under Management
$1,195.77 M
as of Feb 03 2023
Gross Expense Ratio
0.35%

Key Features


  • SPDR® Bloomberg 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 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


    The Bloomberg  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., S&P Global Ratings and Fitch Ratings, Inc., respectively). 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. The index is rebalanced on a monthly basis.


    Fund Information as of Feb 06 2023

    Benchmark Bloomberg Global Treasury ex-US Capped Index
    Inception Date Oct 02 2007
    Options Available Yes
    Gross Expense Ratio
    0.35%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Fixed Income, Cash and Currency
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Feb 06 2023

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Oct 02 2007 USD BWX 78464A516 US78464A5166

    Fund Characteristics as of Feb 03 2023

    Number of Holdings 1,150
    Average Coupon
    2.18%
    Average Maturity in Years
    9.69
    Average Price $96.47
    Average Yield To Worst
    2.74%
    Option Adjusted Duration
    7.98 years
    Option Adjusted Spread 17.81
    Yield to Maturity
    2.74%

    Index Characteristics as of Feb 03 2023

    Number of Holdings 1,505
    Average Coupon 2.25%
    Average Maturity in Years 9.69
    Average Price $97.06
    Average Yield To Worst 2.75%
    Option Adjusted Duration 7.95 years
    Option Adjusted Spread 18.14
    Yield to Maturity 2.75%

    Yields as of Feb 03 2023

    30 Day SEC Yield
    2.48%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    1.22%

    Fund Market Price as of Feb 03 2023

    Bid/Ask
    $23.11
    Closing Price
    $23.08
    Day High $23.40
    Day Low $23.06
    Exchange Volume (Shares)
    27,674
    Premium/Discount
    -0.66%
    30-Day Median Bid/Ask Spread
    0.09%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2022
    Days Traded at Premium
    154
    Days Traded at Discount
    97

    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 Feb 03 2023

    Net Cash Amount $9,181,233.48

    Fund Net Asset Value as of Feb 03 2023

    NAV
    $23.26
    Shares Outstanding 51.40 M
    Assets Under Management $1,195.77 M

    Fund Performance

    • Fund Inception Date: Oct 02 2007

    as of Dec 31 2022

    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 2022 1.02% 7.39% -19.66% -19.66% -7.09% -3.70% -2.14% 0.39%
    Market Value Dec 31 2022 -0.22% 8.28% -19.59% -19.59% -7.00% -3.60% -2.10% 0.42%
    Bloomberg Global Treasury ex-US Capped Index Dec 31 2022 0.94% 7.31% -19.44% -19.44% -6.77% -3.35% -1.69% 0.94%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 0.92% 7.19% -20.05% -20.05% -7.46% -4.09% -2.50% -0.10%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.61% 4.37% -11.63% -11.63% -5.42% -2.88% -1.70% 0.15%
    Bloomberg Global Treasury ex-US Capped Index Dec 31 2022 0.94% 7.31% -19.44% -19.44% -6.77% -3.35% -1.69% 0.94%

    as of Dec 31 2022

    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 2022 1.02% 7.39% -19.66% -19.66% -7.09% -3.70% -2.14% 0.39%
    Market Value Dec 31 2022 -0.22% 8.28% -19.59% -19.59% -7.00% -3.60% -2.10% 0.42%
    Bloomberg Global Treasury ex-US Capped Index Dec 31 2022 0.94% 7.31% -19.44% -19.44% -6.77% -3.35% -1.69% 0.94%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 0.92% 7.19% -20.05% -20.05% -7.46% -4.09% -2.50% -0.10%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.61% 4.37% -11.63% -11.63% -5.42% -2.88% -1.70% 0.15%
    Bloomberg Global Treasury ex-US Capped Index Dec 31 2022 0.94% 7.31% -19.44% -19.44% -6.77% -3.35% -1.69% 0.94%

    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: 0.35%


    Top Holdings

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Top Holdings as of Feb 03 2023

    Name Market Value ISIN Weight
    CHINA GOVERNMENT BOND 3.25 11/22/2028 9,816,236.40 CND10001RRB3 0.82%
    CHINA GOVERNMENT BOND 4.08 10/22/2048 7,712,259.29 CND10001Q6Q0 0.64%
    JAPAN (10 YEAR ISSUE) 0.2 09/20/2032 6,120,383.37 JP1103681NA2 0.51%
    JAPAN (10 YEAR ISSUE) 0.2 03/20/2032 5,978,105.28 JP1103661N43 0.50%
    KOREA TREASURY BOND 2 03/10/2049 5,454,008.65 KR103502G933 0.46%
    JAPAN (5 YEAR ISSUE) 0.1 09/20/2027 5,146,095.76 JP1051541NA0 0.43%
    JAPAN (5 YEAR ISSUE) 0.005 06/20/2027 4,979,306.83 JP1051531N75 0.42%
    KOREA TREASURY BOND 2 06/10/2031 4,964,438.13 KR103502GB66 0.42%
    INDONESIA GOVERNMENT 6.625 05/15/2033 4,848,164.99 IDG000010406 0.41%
    INDONESIA GOVERNMENT 6.125 05/15/2028 4,774,640.66 IDG000010307 0.40%

    Index Top Holdings as of Feb 03 2023

    Name ISIN Weight
    BELGIUM KINGDOM 5 03/28/2035 BE0000304130 0.29%
    BELGIUM KINGDOM 5.5 03/28/2028 BE0000291972 0.28%
    CANADIAN GOVERNMENT .5 09/01/2025 CA135087K940 0.26%
    AUSTRALIAN GOVERNMENT 3.25 04/21/2025 AU3TB0000168 0.26%
    NETHERLANDS GOVERNMENT 3.75 01/15/2042 NL0009446418 0.26%
    JAPAN (10 YEAR ISSUE) .1 03/20/2028 JP1103501J35 0.25%
    BELGIUM KINGDOM .8 06/22/2025 BE0000334434 0.25%
    NETHERLANDS GOVERNMENT 2.75 01/15/2047 NL0010721999 0.25%
    CANADIAN GOVERNMENT 2 12/01/2051 CA135087H722 0.25%
    AUSTRALIAN GOVERNMENT 4.25 04/21/2026 AU000XCLWAI8 0.25%

    Sector Allocation

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Sector Breakdown as of Feb 03 2023

    Sector Weight
    Treasury 99.96%
    Cash 0.04%

    Index Sector Breakdown as of Feb 03 2023

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Quality Breakdown as of Feb 03 2023

    Name Weight
    AAA 21.77%
    AA1 3.87%
    AA2 9.75%
    AA3 11.62%
    A1 28.34%
    A2 2.35%
    A3 7.12%
    BAA1 4.04%
    BAA2 9.98%
    BAA3 1.15%

    Index Quality Breakdown as of Feb 03 2023

    Name Weight
    AAA 21.71%
    AA1 3.86%
    AA2 9.74%
    AA3 11.63%
    A1 28.29%
    A2 2.40%
    A3 7.21%
    BAA1 4.05%
    BAA2 9.95%
    BAA3 1.16%

    Maturity Ladder

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Maturity Ladder as of Feb 03 2023

    Name Weight
    0 - 1 Year 0.18%
    1 - 2 Years 10.69%
    2 - 3 Years 9.32%
    3 - 5 Years 18.34%
    5 - 7 Years 12.64%
    7 - 10 Years 18.34%
    10 - 15 Years 9.50%
    15 - 20 Years 7.99%
    20 - 30 Years 10.29%
    > 30 Years 2.71%

    Index Maturity Ladder as of Feb 03 2023

    Name Weight
    1 - 2 Years 11.15%
    2 - 3 Years 9.88%
    3 - 5 Years 17.71%
    5 - 7 Years 12.59%
    7 - 10 Years 17.43%
    10 - 15 Years 10.42%
    15 - 20 Years 7.91%
    20 - 30 Years 9.88%
    > 30 Years 3.04%

    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 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.

    Prior to 10/31/2021, the SPDR Bloomberg International Treasury Bond ETF was known as the SPDR Bloomberg Barclays International Treasury Bond ETF.

    Prior to 8/24/2021, the Bloomberg Global Treasury ex-US Capped Index was known as the Bloomberg Barclays Global Treasury ex-US Capped Index.

    "Bloomberg®" and Bloomberg Global Treasury ex-US Capped 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 International Treasury Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg International Treasury Bond ETF.