NAV
The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.
NAV
The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.
$98.46
as of Jun 24 2022
USD
$103.38 M
as of Jun 24 2022
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.
0.09%
Key Features
About this Benchmark
The Index is designed to measure the performance of 400 U.S. dollar denominated investment grade corporate bonds with higher-than-average liquidity relative to the broader U.S. corporate bond market.
Benchmark | Inception Date | Options Available | 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. |
Net Expense Ratio SSGA Funds Management, Inc. (the “Adviser”) has contractually agreed to waive a portion of its management fee and/or reimburse certain expenses, until May 11, 2023, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, will be limited to 0.07% of the Fund’s average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after May 11, 2023. This waiver and/or reimbursement may not be terminated prior to May 11, 2023 except with the approval of the Fund’s Board of Trustees. |
Base Currency | Investment Manager |
---|---|---|---|---|---|---|
MarketAxess U.S. Investment Grade 400 Corporate Bond Index | May 11 2022 | No | 0.09% | 0.07% | USD | SSGA Funds Management, Inc. |
Benchmark | MarketAxess U.S. Investment Grade 400 Corporate Bond Index |
Inception Date | May 11 2022 |
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. |
0.09% |
Net Expense Ratio SSGA Funds Management, Inc. (the “Adviser”) has contractually agreed to waive a portion of its management fee and/or reimburse certain expenses, until May 11, 2023, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, will be limited to 0.07% of the Fund’s average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after May 11, 2023. This waiver and/or reimbursement may not be terminated prior to May 11, 2023 except with the approval of the Fund’s Board of Trustees. |
0.07% |
Base Currency | USD |
Investment Manager | SSGA Funds Management, Inc. |
Management Team | Distributor | Distribution Frequency | ||||
---|---|---|---|---|---|---|
Global Fixed Income, Cash and Currency | State Street Global Advisors Funds Distributors, LLC | Monthly |
Management Team | Global Fixed Income, Cash and Currency |
Distributor | State Street Global Advisors Funds Distributors, LLC |
Distribution Frequency | Monthly |
Exchange | Listing Date | Trading Currency | Ticker | CUSIP | ISIN | |
---|---|---|---|---|---|---|
NYSE ARCA EXCHANGE | May 12 2022 | USD | LQIG | 78468R499 | US78468R4992 |
Exchange | NYSE ARCA EXCHANGE |
Listing Date | May 12 2022 |
Trading Currency | USD |
Ticker | LQIG |
CUSIP | 78468R499 |
ISIN | US78468R4992 |
Number of Holdings | Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio. |
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. |
Average Price | 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. |
Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used. |
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. |
---|---|---|---|---|---|---|
404 | 3.68% | 12.51 | $90.85 | 4.79% | 4.01% | 8.14 years |
Number of Holdings | 404 |
Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio. |
3.68% |
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. |
12.51 |
Average Price | $90.85 |
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. |
4.79% |
Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used. |
4.01% |
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. |
8.14 years |
Option Adjusted Spread | 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. |
|||||
---|---|---|---|---|---|---|
158.42 | 4.79% |
Option Adjusted Spread | 158.42 |
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. |
4.79% |
Number of Holdings | Average Coupon | Average Maturity in Years | Average Price | Average Yield To Worst | Current Yield | Option Adjusted Duration |
---|---|---|---|---|---|---|
400 | 3.69% | 12.54 | $91.24 | 4.80% | 4.03% | 8.16 years |
Number of Holdings | 400 |
Average Coupon | 3.69% |
Average Maturity in Years | 12.54 |
Average Price | $91.24 |
Average Yield To Worst | 4.80% |
Current Yield | 4.03% |
Option Adjusted Duration | 8.16 years |
Option Adjusted Spread | Yield to Maturity | |||||
---|---|---|---|---|---|---|
159.01 | 4.80% |
Option Adjusted Spread | 159.01 |
Yield to Maturity | 4.80% |
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. |
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. |
|||||
---|---|---|---|---|---|---|
4.56% | - |
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. |
4.56% |
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. |
- |
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. |
Closing Price Closing Price Market Price of last reported trade on the exchange. |
Day High | Day Low | Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day. |
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) |
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. |
---|---|---|---|---|---|---|
$98.75 | - | - | - | 0 | 0.29% | 0.04% |
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. |
$98.75 |
Closing Price Closing Price Market Price of last reported trade on the exchange. |
- |
Day High | - |
Day Low | - |
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day. |
0 |
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) |
0.29% |
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. |
0.04% |
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.
Calendar Year 2021 | First Quarter of 2022 | |
---|---|---|
Days Traded at Premium Number of days the ETF 4PM Bid/Ask was above the NAV. |
- | - |
Days Traded at Discount Number of days the ETF 4PM Bid/Ask was below the NAV. |
- | - |
Days Traded at Premium Number of days the ETF 4PM Bid/Ask was above the NAV. |
|
Calendar Year 2021 | - |
First Quarter of 2022 | - |
Days Traded at Discount Number of days the ETF 4PM Bid/Ask was below the NAV. |
|
Calendar Year 2021 | - |
First Quarter of 2022 | - |
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.
Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.
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.
Net Cash Amount |
---|
$968,780.53 |
Net Cash Amount | $968,780.53 |
NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. |
Shares Outstanding | Assets Under Management | ||||
---|---|---|---|---|---|---|
$98.46 | 1.05 M | $103.38 M |
NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding. |
$98.46 |
Shares Outstanding | 1.05 M |
Assets Under Management | $103.38 M |
Subject to change.
Subject to change.
Name | Market Value | ISIN | Weight |
---|---|---|---|
ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 | 952,300.38 | US03522AAJ97 | 0.92% |
CVS HEALTH CORP 5.05 03/25/2048 | 816,465.75 | US126650CZ11 | 0.79% |
T-MOBILE USA INC 3.875 04/15/2030 | 672,877.23 | US87264ABF12 | 0.65% |
GE CAPITAL INTL FUNDING 4.418 11/15/2035 | 671,269.36 | US36164QNA21 | 0.65% |
GOLDMAN SACHS GROUP INC 6.75 10/01/2037 | 642,106.80 | US38141GFD16 | 0.62% |
MAGALLANES INC 5.141 03/15/2052 | 627,362.64 | US55903VAQ68 | 0.61% |
AT&T INC 3.5 | 596,613.23 | - | 0.58% |
AT&T INC 3.55 09/15/2055 | 591,829.63 | US00206RLJ94 | 0.57% |
BANK OF AMERICA CORP 3.419 12/20/2028 | 577,740.45 | US06051GHD43 | 0.56% |
WELLS FARGO & COMPANY 5.013 04/04/2051 | 565,065.96 | US95000U2M49 | 0.55% |
Name | ISIN | Weight |
---|---|---|
ANHEUSER-BUSCH CO/INBEV 4.9 02/01/2046 | US03522AAJ97 | 0.92% |
CVS HEALTH CORP 5.05 03/25/2048 | US126650CZ11 | 0.79% |
T-MOBILE USA INC 3.875 04/15/2030 | US87264ABF12 | 0.66% |
GE CAPITAL INTL FUNDING 4.418 11/15/2035 | US36164QNA21 | 0.65% |
GOLDMAN SACHS GROUP INC 6.75 10/01/2037 | US38141GFD16 | 0.63% |
MAGALLANES INC 5.141 03/15/2052 | US55903VAQ68 | 0.61% |
AT&T INC 3.5 09/15/2053 | US00206RKJ04 | 0.58% |
AT&T INC 3.55 09/15/2055 | US00206RLJ94 | 0.57% |
BANK OF AMERICA CORP 3.419 12/20/2028 | US06051GHD43 | 0.56% |
WELLS FARGO & COMPANY 5.013 04/04/2051 | US95000U2M49 | 0.55% |
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.
Fund Footnotes
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® MarketAxess Investment Grade 400 Corporate 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.
The MarketAxess Index is the exclusive property of MarketAxess and has been licensed for use by State Street Global Advisors Trust Company. State Street Global Advisors Trust Company products are not sponsored, endorsed, sold or promoted by MarketAxess and MarketAxess does not bear any liability with respect to the ETF or make any representation, warranty or condition regarding the advisability of buying, selling, holding any ETF managed or sponsored by State Street Global Advisors Trust. The MarketAxess trademark is a registered trademark of MarketAxess Holdings Inc. used under license.