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SPDR® DoubleLine® Emerging Markets Fixed Income ETF EMTL

NAV

NAV

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

$40.77
as of Dec 05 2023
Base Currency
USD
Assets Under Management
$77.47 M
as of Dec 05 2023
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.

0.65%

Key Features

  • The SPDR® DoubleLine® Emerging Markets Fixed Income ETF seeks to provide high total return from current income and capital appreciation
  • Provides actively managed exposure to emerging market fixed income securities
  • Managed by DoubleLine’s Emerging Market Fixed Income team who has worked together since 1999 and follows a 5 step investment process that combines bottom-up research with sovereign macro overlays
  • In allocating investments among various emerging market countries, the team at Doubleline attempts to analyze internal political, market and economic factors

About this Benchmark

The JP Morgan Corporate Emerging Markets Bond Index Diversified is a market capitalization weighted index consisting of U.S. dollar denominated emerging market corporate bonds.

Fund Information as of Dec 06 2023

Benchmark JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Inception Date Apr 13 2016
Options Available No
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.

0.65%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor DoubleLine Capital LP
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Dec 06 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Apr 14 2016 USD EMTL 78470P309 US78470P3091

Fund Characteristics as of Dec 05 2023

Number of Holdings 130
Average Coupon

Average Coupon

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

4.38%
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.

6.71
Average Price $86.25
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.

8.02%
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.

4.75 years
Option Adjusted Spread 357.24
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.

7.71%

Index Characteristics as of Dec 05 2023

Number of Holdings 1,802
Average Coupon 4.86%
Average Maturity in Years 6.30
Average Price $91.17
Average Yield To Worst 7.69%
Option Adjusted Duration 4.08 years
Option Adjusted Spread 319.43
Yield to Maturity 7.74%

Yields as of Dec 05 2023

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.

6.43%
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.

6.43%
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.

4.87%

Fund Market Price as of Dec 05 2023

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.

$40.94
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$40.94
Day High $40.93
Day Low $40.92
Exchange Volume (Shares)

Exchange Volume (shares)

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

416
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)

0.42%
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.

0.17%

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 2022 First Quarter of 2023 Second Quarter of 2023 Third Quarter of 2023
Days Traded at Premium

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

163 62 62 62
Days Traded at Discount

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

88 0 0 1

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 05 2023

Net Cash Amount $1,673,362.31

Fund Net Asset Value as of Dec 05 2023

NAV

NAV

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

$40.77
Shares Outstanding 1.90 M
Assets Under Management $77.47 M

Fund Performance

  • Fund Inception Date: Apr 13 2016

as of Oct 31 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Oct 31 2023 -1.71% -1.71% 1.10% 8.86% -3.41% 0.22% - 1.60%
Market Value Oct 31 2023 -1.54% -1.54% 1.44% 8.78% -3.35% 0.18% - 1.65%
Benchmark
JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Oct 31 2023 -1.22% -1.22% 2.12% 9.18% -1.98% 1.95% 3.06% 2.65%
Fund After Tax
Return after Taxes on Distributions Oct 31 2023 -1.89% -1.89% -0.37% 6.74% -5.14% -1.48% - -0.39%
Return after Taxes on Distributions and Sale of Fund Shares Oct 31 2023 -1.01% -1.01% 0.67% 5.25% -3.20% -0.47% - 0.42%
Benchmark
JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Oct 31 2023 -1.22% -1.22% 2.12% 9.18% -1.98% 1.95% 3.06% 2.65%

as of Sep 30 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 13 2016
Fund Before Tax
NAV Sep 30 2023 -1.38% -0.64% 2.86% 9.11% -2.75% 0.47% - 1.86%
Market Value Sep 30 2023 -1.54% -0.85% 3.03% 9.27% -2.72% 0.44% - 1.88%
Benchmark
JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Sep 30 2023 -0.78% -0.26% 3.38% 8.25% -1.49% 2.08% 3.42% 2.85%
Fund After Tax
Return after Taxes on Distributions Sep 30 2023 -1.55% -1.11% 1.55% 7.02% -4.47% -1.22% - -0.14%
Return after Taxes on Distributions and Sale of Fund Shares Sep 30 2023 -0.81% -0.37% 1.70% 5.37% -2.72% -0.29% - 0.60%
Benchmark
JP Morgan Corporate Emerging Market Bond Index Broad Diversified
Sep 30 2023 -0.78% -0.26% 3.38% 8.25% -1.49% 2.08% 3.42% 2.85%

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: 0.65%

Top Holdings

Subject to change.

as of Dec 05 2023
as of Dec 05 2023

Fund Top Holdings as of Dec 05 2023

Name Market Value ISIN Weight
MINEJESA CAPITAL BV (PAITON) 5.625 08/10/2037 1,988,736.00 USN57445AB99 2.56%
CHILE ELEC PEC SPA 0 01/25/2028 1,947,600.00 US168831AA32 2.50%
BANCO INTERNAC DEL PERU (Interbank) 4 07/08/2030 1,793,001.50 USP13435AD71 2.30%
BBVA BANCOMER SA 5.875 09/13/2034 1,685,496.82 USP16259AN67 2.17%
GALAXY PIPELINE ASSETS 2.16 03/31/2034 1,663,007.55 US36321PAD24 2.14%
GUARA NORTE SARL 5.198 06/15/2034 1,576,328.85 USL4R02QAA86 2.03%
JBS 3 02/02/2029 1,460,535.62 US46590XAN66 1.88%
INDUSTRIAS PENOLES SAB D 4.15 09/12/2029 1,456,032.48 USP55409AA77 1.87%
DBS BANK LTD 1.822 03/10/2031 1,423,690.50 XS2310058891 1.83%
MEXICO GENERADORA DE ENE 5.5 12/06/2032 1,321,969.68 USP66208AA02 1.70%
Download All Holdings: Daily

Index Top Holdings as of Dec 05 2023

Name ISIN Weight
TEVA PHARMACEUTICALS NE 3.15 10/01/2026 US88167AAE10 0.47%
SANDS CHINA LTD 5.65 08/08/2028 US80007RAE53 0.34%
ECOPETROL SA 8.875 01/13/2033 US279158AS81 0.34%
SANDS CHINA LTD 5.375 08/08/2025 US80007RAF29 0.33%
FREEPORT INDONESIA PT 5.315 04/14/2032 USY7141BAB90 0.29%
GOHL CAPITAL LTD 4.25 01/24/2027 XS1551355149 0.29%
TULLOW OIL PLC 10.25 05/15/2026 USG91237AB60 0.29%
ECOPETROL SA 6.875 04/29/2030 US279158AN94 0.26%
KAZMUNAYGAS NATIONAL CO 6.375 10/24/2048 XS1807299331 0.26%
ALTICE FINANCING SA 5.75 08/15/2029 USL0178WAJ10 0.26%

Sector Allocation

as of Dec 05 2023
as of Dec 05 2023

Fund Sector Breakdown as of Dec 05 2023

Sector Weight
Corporate 80.12%
Quasi-Sovereign 12.19%
Sovereign 7.69%

Index Sector Breakdown as of Dec 05 2023

Sector Weight
CORPORATE - INDUSTRIAL 42.91%
Non Corporates 27.34%
Corporate - Finance 24.03%
Corporate - Utility 5.72%

Quality Breakdown

as of Dec 05 2023
as of Dec 05 2023

Fund Quality Breakdown as of Dec 05 2023

Name Weight
NR 0.22%
Aa2 3.30%
A1 0.77%
A2 7.57%
A3 0.98%
Baa1 0.76%
Baa2 12.83%
Baa3 35.26%
Ba1 20.44%
Ba2 6.17%
Ba3 3.77%
B1 4.69%
B2 1.18%
Caa1 1.39%
Caa2 0.12%
Caa3 0.47%
C3 0.09%

Index Quality Breakdown as of Dec 05 2023

Name Weight
Name Weight
AAA 0.20%
AA1 0.10%
AA2 1.56%
AA3 4.73%
A1 6.46%
A2 6.40%
A3 6.92%
Below BAA 0.20%
BAA1 8.43%
BAA2 9.04%
BAA3 16.53%
BA1 7.63%
BA2 5.23%
BA3 7.05%
B1 5.00%
B2 3.76%
B3 3.07%
CAA1 0.78%
CAA2 0.80%
CAA3 2.05%
Not Rated 4.05%

Maturity Ladder

as of Dec 05 2023
as of Dec 05 2023

Fund Maturity Ladder as of Dec 05 2023

Name Weight
0 - 1 Year 2.07%
1 - 2 Years 15.37%
2 - 3 Years 11.80%
3 - 5 Years 13.69%
5 - 7 Years 25.66%
7 - 10 Years 21.23%
10 - 15 Years 2.61%
15 - 20 Years 0.42%
20 - 30 Years 5.37%
> 30 Years 1.77%

Index Maturity Ladder as of Dec 05 2023

Name Weight
0 - 1 Year 6.00%
1 - 2 Years 13.87%
2 - 3 Years 16.31%
3 - 5 Years 22.75%
5 - 7 Years 15.18%
7 - 10 Years 12.94%
10 - 15 Years 3.36%
15 - 20 Years 2.71%
20 - 30 Years 6.04%
> 30 Years 0.74%

Region Weights

Fund Region Weights as of Dec 05 2023

Region Weight
South America 43.77%
Central America 20.47%
Southeast Asia 17.55%
South Asia 7.49%
Middle East 6.63%
East Asia 2.45%
Africa 1.63%
Caribbean 0.01%

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® DoubleLine® Emerging Markets Fixed Income ETF.

DoubleLine® is a registered trademark of DoubleLine Capital LP.  

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.

State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management, Inc. has retained DoubleLine Capital LP as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with DoubleLine Capital LP.