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Centralized Systematic Valuation Aggregated Cash Flow (ACF Files)

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

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SPDR® Portfolio Intermediate Term Corporate Bond ETF SPIB

Important Risk Disclosure

NAV

NAV

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

$35.53

as of Jan 22 2020

Base Currency

USD

Assets Under Management

$5,130.80 M

as of Jan 22 2020

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.

0.07%

Quick Links

Key Features

Key Features

  • The SPDR® Portfolio Intermediate Term Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Intermediate US Corporate Index (the "Index")
  • One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes
  • A low cost ETF that seeks to offer precise, comprehensive exposure to US corporate bonds that have a maturity greater than or equal to 1 year and less than 10 years
  • The Index includes investment grade, fixed rate, taxable, US dollar denominated debt with $300 million of par outstanding, and is market cap weighted and reconstituted on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays U.S. Intermediate Corporate Bond Index (the "Index") is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years. The Index is a component of the Bloomberg Barclays U.S. Corporate Index and includes investment grade, fixed-rate, taxable, U.S. dollar denominated debt with $300 million or more of par amount outstanding, issued by U.S. and non-U.S. industrial, utility, and financial institutions. Subordinated issues, securities with normal call and put provisions and sinking funds, medium-term notes (if they are publicly underwritten), 144A securities with registration rights, and global issues that are SEC-registered are included. Structured notes with embedded swaps or other special features, as well as private placements, floating- rate securities, and Eurobonds are excluded from the Index.

Fund Information as of Jan 22 2020

Fund Information as of Jan 22 2020
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.

 Base Currency Investment Manager Management Team
Bloomberg Barclays U.S. Intermediate Corporate Bond Index Feb 10 2009 No 0.07% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays U.S. Intermediate Corporate Bond Index
Inception Date Feb 10 2009
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.

 0.07%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Jan 22 2020

Listing Information as of Jan 22 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Feb 11 2009 USD SPIB 78464A375 US78464A3757
Exchange NYSE ARCA EXCHANGE
Listing Date Feb 11 2009
Trading Currency USD
Ticker SPIB
CUSIP 78464A375
ISIN US78464A3757

Fund Characteristics as of Jan 22 2020

Fund Characteristics as of Jan 22 2020
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.
3,942 3.56% 4.93 $105.65 2.31% 3.36% 4.31 years
Number of Holdings 3,942
Average Coupon

Average Coupon

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

 3.56%
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.

 4.93
Average Price $105.65
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.

 2.31%
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.

 3.36%
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.

 4.31 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.
69.08 2.34%
Option Adjusted Spread 69.08
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.

 2.34%

Index Characteristics as of Jan 22 2020

Index Characteristics as of Jan 22 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
3,973 3.59% 4.86 $105.49 2.30% 3.39% 4.24 years
Number of Holdings 3,973
Average Coupon 3.59%
Average Maturity in Years 4.86
Average Price $105.49
Average Yield To Worst 2.30%
Current Yield 3.39%
Option Adjusted Duration 4.24 years
Option Adjusted Spread Yield to Maturity
68.01 2.34%
Option Adjusted Spread 68.01
Yield to Maturity 2.34%

Yields as of Jan 21 2020

Yields as of Jan 21 2020
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.

 Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.
2.33% 3.01%
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.

 2.33%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

 3.01%

Fund Market Price as of Jan 22 2020

Fund Market Price as of Jan 22 2020
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 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)
$35.54 $35.55 $35.55 $35.53 73,315 0.02%
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 a given security.

 $35.54
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

 $35.55
Day High $35.55
Day Low $35.53
Exchange Volume (Shares)

Exchange Volume (shares)

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

 73,315
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)

 0.02%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    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 Jan 22 2020

    Fund Net Cash Amount as of Jan 22 2020
    Net Cash Amount
    $31,498,857.67
    Net Cash Amount $31,498,857.67

    Fund Net Asset Value as of Jan 22 2020

    Fund Net Asset Value as of Jan 22 2020
    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
    $35.53 144.40M $5,130.80 M
    NAV

    NAV

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

    		 $35.53
    Shares Outstanding 144.40M
    Assets Under Management $5,130.80 M
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: Feb 10 2009
    Performance
    Month End Quarter End
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Dec 31 2019 0.43% 1.08% 10.08% 10.08% 4.43% 3.64% 4.30% 4.86%
    Market Value Dec 31 2019 0.44% 1.05% 10.22% 10.22% 4.41% 3.54% 4.29% 4.86%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Dec 31 2019 0.43% 1.10% 10.14% 10.14% 4.52% 3.73% 4.50% 5.40%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 0.24% 0.69% 8.70% 8.70% 3.15% 2.40% 3.04% 3.54%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.25% 0.64% 5.94% 5.94% 2.82% 2.23% 2.80% 3.24%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Dec 31 2019 0.43% 1.10% 10.14% 10.14% 4.52% 3.73% 4.50% 5.40%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Feb 10 2009
    Fund Before Tax
    NAV Dec 31 2019 0.43% 1.08% 10.08% 10.08% 4.43% 3.64% 4.30% 4.86%
    Market Value Dec 31 2019 0.44% 1.05% 10.22% 10.22% 4.41% 3.54% 4.29% 4.86%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Dec 31 2019 0.43% 1.10% 10.14% 10.14% 4.52% 3.73% 4.50% 5.40%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2019 0.24% 0.69% 8.70% 8.70% 3.15% 2.40% 3.04% 3.54%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 0.25% 0.64% 5.94% 5.94% 2.82% 2.23% 2.80% 3.24%
    Bloomberg Barclays U.S. Intermediate Corporate Bond Index Dec 31 2019 0.43% 1.10% 10.14% 10.14% 4.52% 3.73% 4.50% 5.40%

    as of Dec 31 2019

    as of Dec 31 2019

    Performance quoted represents past performance, which is no guarantee of future results. 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.  It is not possible to invest directly in an index.

    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.

    The Bloomberg Barclays U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg Barclays U.S. Intermediate Corporate Bond Index and the Barclays Capital U.S. Intermediate Credit Index. The index returns are reflective of the Barclays Capital U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index effective 12/17/2010.

    Gross Expense Ratio: 0.07%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Jan 22 2020
    Index Top Holdingsas of Jan 22 2020

    Fund Top Holdings as of Jan 22 2020

    Name Market Value ISIN Weight
    DELL INT LLC / EMC CORP 6.02 06/15/2026 12,683,545.36 US25272KAK97 0.25%
    CVS HEALTH CORP 4.3 03/25/2028 11,475,774.38 US126650CX62 0.22%
    COMCAST CORP 3.95 10/15/2025 9,337,685.34 US20030NCS80 0.18%
    ALLERGAN FUNDING SCS 3.45 03/15/2022 8,813,690.40 US00507UAR23 0.17%
    ABBVIE INC 3.6 05/14/2025 8,508,085.98 US00287YAQ26 0.17%
    CVS HEALTH CORP 2.875 06/01/2026 8,216,154.21 US126650CU24 0.16%
    GOLDMAN SACHS GROUP INC 4.223 05/01/2029 8,116,281.56 US38141GWZ35 0.16%
    CVS HEALTH CORP 3.7 03/09/2023 8,026,983.37 US126650CV07 0.16%
    CITIGROUP INC 2.666 01/29/2031 8,000,000.00 US172967ML25 0.16%
    IBM CORP 3.5 05/15/2029 7,817,209.06 US459200KA85 0.15%

    Index Top Holdings as of Jan 22 2020

    Name ISIN Weight
    CVS HEALTH CORP 4.3 03/25/2028 US126650CX62 0.27%
    BANK OF AMERICA CORP 3.419 12/20/2028 US06051GHD43 0.17%
    CVS HEALTH CORP 3.7 03/09/2023 US126650CV07 0.17%
    BANK OF AMERICA CORP 3.004 12/20/2023 US06051GHC69 0.16%
    ABBVIE INC 3.2 11/21/2029 US00287YBW84 0.15%
    APPLE INC 2.4 05/03/2023 US037833AK68 0.15%
    CVS HEALTH CORP 4.1 03/25/2025 US126650CW89 0.15%
    AT&T INC 3.4 05/15/2025 US00206RCN08 0.14%
    DELL INT LLC / EMC CORP 6.02 06/15/2026 US25272KAK97 0.14%
    BROADCOM CRP / CAYMN FI 3.875 01/15/2027 US11134LAH24 0.13%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Jan 22 2020
    Index Sector Breakdownas of Jan 22 2020

    Fund Sector Breakdown as of Jan 22 2020

    Sector Weight
    Corporate - Industrial 56.71%
    Corporate - Finance 38.75%
    Corporate - Utility 4.92%
    Non Corporates - Foreign Agency 0.03%
    Other -0.41%

    Index Sector Breakdown as of Jan 22 2020

    Sector Weight
    Corporate - Industrial 56.01%
    Corporate - Finance 39.16%
    Corporate - Utility 4.82%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Jan 22 2020
    Index Quality Breakdownas of Jan 22 2020

    Fund Quality Breakdown as of Jan 22 2020

    Name Weight
    Aaa 0.56%
    Aa 8.01%
    A 40.89%
    Baa 50.39%
    Below Baa 0.08%
    Not Rated 0.07%

    Index Quality Breakdown as of Jan 22 2020

    Name Weight
    Aaa 1.05%
    Aa 8.14%
    A 41.29%
    Baa 49.52%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Jan 22 2020
    Index Maturity Ladderas of Jan 22 2020

    Fund Maturity Ladder as of Jan 22 2020

    Name Weight
    0 - 1 Year -0.03%
    1 - 2 Years 13.75%
    2 - 3 Years 15.05%
    3 - 5 Years 25.44%
    5 - 7 Years 21.71%
    7 - 10 Years 23.71%
    10 - 15 Years 0.37%

    Index Maturity Ladder as of Jan 22 2020

    Name Weight
    1 - 2 Years 14.02%
    2 - 3 Years 14.60%
    3 - 5 Years 25.26%
    5 - 7 Years 21.32%
    7 - 10 Years 24.81%

    Fund Documents

    Fund Documents

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    SAI

    Tax Documents

    Tax Documents

    Information & Schedules

    Information & Schedules

    Insights & Investment Ideas

    Insights & Investment Ideas

    Education

    Education

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

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    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® Portfolio Intermediate Term 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 Bloomberg Barclays U.S. Intermediate Corporate Bond Index reflects linked performance returns of both the Bloomberg Barclays U.S. Intermediate Corporate Bond Index and the Barclays Capital U.S. Intermediate Credit Index. The index returns are reflective of the Barclays Capital U.S. Intermediate Credit Index from fund inception until 12/17/2010 and of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index effective 12/17/2010.

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    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.
     

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