SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF RBND

NAV
$20.67
as of Dec 01 2022
Base Currency
USD
Assets Under Management
$22.74 M
as of Dec 01 2022
Gross Expense Ratio
0.12%

Key Features


  • Seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the Bloomberg SASB® US Corporate ESG Ex-Controversies Select Index
  • Seeks to track an index that is designed to exclude securities of issuers involved in and/or which derive significant revenue from certain controversial business practices, industries or product lines and utilizes ESG scores to help weight the bonds, while also minimizing active total risk versus the Bloomberg  US Corporate Index
  • May be used as an ESG core building block given that it seeks to track an index that is designed to exclude controversies and maximize the R-FactorTM ESG score upon which the benchmark index relies, which is based on the Sustainability Accounting Standards Board ("SASB") materiality framework, while also controlling for risk parameters

About this Benchmark


The Bloomberg SASB US Corporate ESG Ex-Controversies Select Index (the "Index") is designed to measure the performance of investment grade corporate bonds issued by companies that exhibit certain environmental, social and governance ("ESG") characteristics, while also minimizing active total risk versus the Bloomberg US Corporate Index (the "Parent Index"). The Parent Index represents publicly issued, investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions that have a remaining maturity of greater than or equal to 1 year and have $300 million or more of par amount outstanding.

The R-FactorTM score measures the performance of a company's business operations and governance as related to financially material ESG challenges facing the issuer's industry. The R-FactorTM scoring process comprises two underlying components, an ESG component and a corporate governance component. The ESG component is based on the framework published by the Sustainability Accounting Standards Board, which attempts to identify ESG issues that are financially material to an issuer based on its industry classification. The Index utilizes an optimizer that deploys a quantitative process to select constituents and their weights to maximize the Index's overall R-FactorTM score while minimizing active total risk versus the Parent Index.


Fund Information as of Dec 03 2022

Benchmark Bloomberg SASB US Corporate ESG Ex-Controversies Select Index
Inception Date Nov 09 2020
Options Available No
Gross Expense Ratio
0.12%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Fixed Income, Currency & Cash Investments Team
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Dec 03 2022

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Nov 10 2020 USD RBND 78468R614 US78468R6146

Fund Characteristics as of Dec 01 2022

Number of Holdings 461
Average Coupon
3.74%
Average Maturity in Years
11.03
Average Price $92.57
Average Yield To Worst
5.06%
Option Adjusted Duration
7.34 years
Option Adjusted Spread 120.36
Yield to Maturity
5.06%

Index Characteristics as of Dec 01 2022

Number of Holdings 3,440
Average Coupon 3.96%
Average Maturity in Years 11.32
Average Price $93.46
Average Yield To Worst 5.12%
Option Adjusted Duration 7.35 years
Option Adjusted Spread 126.47
Yield to Maturity 5.12%

Yields as of Dec 01 2022

30 Day SEC Yield
5.10%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
2.61%

Fund Market Price as of Dec 01 2022

Bid/Ask
$20.72
Closing Price
-
Day High -
Day Low -
Exchange Volume (Shares)
0
Premium/Discount
0.25%
30-Day Median Bid/Ask Spread
0.10%

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
209 32 29 45
Days Traded at Discount
43 30 33 19

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 $247,428.61

Fund Net Asset Value as of Dec 01 2022

NAV
$20.67
Shares Outstanding 1.10 M
Assets Under Management $22.74 M

Fund Performance

  • Fund Inception Date: Nov 09 2020

as of Oct 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 09 2020
Fund Before Tax
NAV Oct 31 2022 -1.00% -1.00% -19.44% -19.57% - - - -9.98%
Market Value Oct 31 2022 -0.95% -0.95% -19.25% -19.50% - - - -9.91%
Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Oct 31 2022 -1.07% -1.07% -19.68% -19.68% -3.98% - - -9.95%
Fund After Tax
Return after Taxes on Distributions Oct 31 2022 -1.09% -1.09% -20.05% -20.34% - - - -10.74%
Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2022 -0.59% -0.59% -11.48% -11.53% - - - -7.76%
Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Oct 31 2022 -1.07% -1.07% -19.68% -19.68% -3.98% - - -9.95%

as of Sep 30 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 09 2020
Fund Before Tax
NAV Sep 30 2022 -5.40% -5.40% -18.63% -18.56% - - - -9.93%
Market Value Sep 30 2022 -5.11% -5.43% -18.48% -18.35% - - - -9.88%
Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Sep 30 2022 -5.38% -5.32% -18.81% -18.59% -3.42% - - -9.86%
Fund After Tax
Return after Taxes on Distributions Sep 30 2022 -5.49% -5.65% -19.16% -19.32% - - - -10.68%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2022 -3.20% -3.19% -11.00% -10.92% - - - -7.73%
Bloomberg SASB US Corporate ESG Ex-Controversies Select Index Sep 30 2022 -5.38% -5.32% -18.81% -18.59% -3.42% - - -9.86%

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: 0.12%


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
CISCO SYSTEMS INC 5.9 02/15/2039 254,779.25 US17275RAD44 1.12%
DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 248,829.44 US25156PAC77 1.09%
LLOYDS BANKING GROUP PLC 2.438 02/05/2026 233,778.94 US539439AV19 1.03%
NOVARTIS CAPITAL CORP 1.75 02/14/2025 191,080.28 US66989HAP38 0.84%
APPLE INC 4.65 02/23/2046 177,477.71 US037833BX70 0.78%
ANHEUSER-BUSCH INBEV WOR 8.2 01/15/2039 165,615.97 US03523TBF49 0.73%
VODAFONE GROUP PLC 5 05/30/2038 165,478.06 US92857WBL37 0.73%
BANK OF MONTREAL 1.85 05/01/2025 164,272.79 US06367WB850 0.72%
NOVARTIS CAPITAL CORP 2 02/14/2027 162,264.28 US66989HAQ11 0.71%
BRITISH TELECOMMUNICATIO 9.625 12/15/2030 156,758.99 US111021AE12 0.69%
Download All Holdings: Daily

Index Top Holdings as of Dec 01 2022

Name ISIN Weight
DEUTSCHE TELEKOM INT FIN 8.75 06/15/2030 US25156PAC77 0.88%
CISCO SYSTEMS INC 5.9 02/15/2039 US17275RAD44 0.56%
CISCO SYSTEMS INC 5.5 01/15/2040 US17275RAF91 0.54%
NOVARTIS CAPITAL CORP 3.4 05/06/2024 US66989HAG39 0.53%
BRITISH TELECOMMUNICATIO 9.625 12/15/2030 US111021AE12 0.47%
TELEFONICA EMISIONES SAU 5.213 03/08/2047 US87938WAU71 0.44%
VODAFONE GROUP PLC 6.15 02/27/2037 US92857WAQ33 0.44%
APPLE INC 3 02/09/2024 US037833CG39 0.43%
NOVARTIS CAPITAL CORP 3 11/20/2025 US66989HAJ77 0.42%
SALESFORCE INC 3.7 04/11/2028 US79466LAF13 0.36%

Sector Allocation

as of Dec 01 2022
as of Dec 01 2022

Fund Sector Breakdown as of Dec 01 2022

Sector Weight
CORPORATE - INDUSTRIAL 61.90%
Corporate - Finance 32.34%
Corporate - Utility 5.62%
Cash 0.14%

Index Sector Breakdown as of Dec 01 2022

Sector Weight
CORPORATE - INDUSTRIAL 60.17%
Corporate - Finance 33.65%
Corporate - Utility 6.17%

Quality Breakdown

as of Dec 01 2022
as of Dec 01 2022

Fund Quality Breakdown as of Dec 01 2022

Name Weight
A- 0.44%
AAA 1.93%
A1 17.93%
AA1 3.35%
A2 14.44%
AA2 0.74%
A3 13.59%
AA3 4.03%
BAA1 17.54%
BAA2 20.96%
BAA3 5.05%

Index Quality Breakdown as of Dec 01 2022

Name Weight
AAA 1.65%
A1 16.84%
AA1 3.30%
A2 14.11%
AA2 0.65%
A3 13.13%
AA3 4.27%
BAA1 19.56%
BAA2 21.09%
BAA3 5.41%

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 2.72%
1 - 2 Years 7.77%
2 - 3 Years 11.48%
3 - 5 Years 15.75%
5 - 7 Years 10.19%
7 - 10 Years 15.36%
10 - 15 Years 2.94%
15 - 20 Years 13.98%
20 - 30 Years 16.45%
> 30 Years 3.36%

Index Maturity Ladder as of Dec 01 2022

Name Weight
1 - 2 Years 9.24%
2 - 3 Years 10.93%
3 - 5 Years 17.82%
5 - 7 Years 9.53%
7 - 10 Years 15.66%
10 - 15 Years 5.66%
15 - 20 Years 8.93%
20 - 30 Years 18.84%
> 30 Years 3.39%

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 SASB® Corporate Bond ESG Select 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®" and Bloomberg SASB US Corporate ESG Ex-Controversies Select 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 SASB® Corporate Bond ESG Select ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® Bloomberg SASB® Corporate Bond ESG Select ETF.

SASB does not take any position as to whether an issuer should be included or excluded from the Bloomberg SASB US Corporate ESG Ex-Controversies Select Index.