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SPDR® Portfolio Intermediate Term Treasury ETF SPTI

NAV
$28.98
as of Mar 22 2023
Base Currency
USD
Assets Under Management
$5,534.60 M
as of Mar 22 2023
Gross Expense Ratio
0.06%

Key Features


  • The SPDR® Portfolio Intermediate Term Treasury ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-10 Year U.S. Treasury 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 provide a exposure to U.S. Treasuries that have a remaining maturity between 3 and 10 year
  • May be less sensitive to interest rate fluctuations than vehicles with longer duration

  • About this Benchmark


    The Bloomberg 3-10 Year U.S. Treasury Index is designed to measure the performance of intermediate term (3-10 years) public obligations of the U.S. Treasury. The Index includes all publicly issued U.S. Treasury securities that have a remaining maturity of greater than or equal to 3 years and less than 10 years, are rated investment grade and have $300 million or more of outstanding face value. In addition, the securities must be denominated in U.S. dollars, fixed rate and non-convertible. Securities excluded from the Index include state and local government series bonds, inflation protected public obligations of the U.S. Treasury, commonly known as "TIPS," floating rate bonds and coupon issues that have been stripped from bonds included in the Index. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month.


    Fund Information as of Mar 23 2023

    Benchmark Bloomberg 3-10 Year U.S. Treasury Index
    Inception Date May 23 2007
    Options Available No
    Gross Expense Ratio
    0.06%
    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 Mar 23 2023

    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE May 23 2007 USD SPTI 78464A672 US78464A6727

    Fund Characteristics as of Mar 22 2023

    Number of Holdings 117
    Average Coupon
    2.36%
    Average Maturity in Years
    5.65
    Average Price $94.46
    Average Yield To Worst
    3.58%
    Option Adjusted Duration
    5.10 years
    Option Adjusted Spread 0.50
    Yield to Maturity
    3.58%

    Index Characteristics as of Mar 22 2023

    Number of Holdings 110
    Average Coupon 2.01%
    Average Maturity in Years 5.61
    Average Price $92.70
    Average Yield To Worst 3.58%
    Option Adjusted Duration 5.13 years
    Option Adjusted Spread 0.80
    Yield to Maturity 3.58%

    Yields as of Mar 21 2023

    30 Day SEC Yield
    3.80%
    30 Day SEC Yield (Unsubsidized)
    -
    Fund Distribution Yield
    1.68%

    Fund Market Price as of Mar 22 2023

    Bid/Ask
    $28.98
    Closing Price
    $28.99
    Day High $29.01
    Day Low $28.64
    Exchange Volume (Shares)
    1,571,007
    Premium/Discount
    0.03%
    30-Day Median Bid/Ask Spread
    0.04%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2022
    Days Traded at Premium
    241
    Days Traded at Discount
    10

    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 Mar 22 2023

    Net Cash Amount $35,464,986.99

    Fund Net Asset Value as of Mar 22 2023

    NAV
    $28.98
    Shares Outstanding 191.00 M
    Assets Under Management $5,534.60 M

    Fund Performance

    • Fund Inception Date: May 23 2007

    as of Feb 28 2023

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 23 2007
    Fund Before Tax
    NAV Feb 28 2023 -2.46% -0.12% -0.12% -8.87% -3.55% 0.55% 0.55% 2.22%
    Market Value Feb 28 2023 -2.46% -0.11% -0.11% -8.87% -3.54% 0.56% 0.56% 2.23%
    Benchmark
    Feb 28 2023 -2.45% -0.27% -0.27% -8.78% -3.51% 0.61% 0.63% 2.30%
    Fund After Tax
    Return after Taxes on Distributions Feb 28 2023 -2.54% -0.20% -0.20% -9.45% -3.91% 0.00% 0.00% 1.54%
    Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.45% -0.07% -0.07% -5.25% -2.82% 0.20% 0.18% 1.47%
    Benchmark
    Feb 28 2023 -2.45% -0.27% -0.27% -8.78% -3.51% 0.61% 0.63% 2.30%

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    May 23 2007
    Fund Before Tax
    NAV Dec 31 2022 -0.74% 1.01% -10.72% -10.72% -2.15% 0.32% 0.56% 2.25%
    Market Value Dec 31 2022 -0.75% 1.01% -10.64% -10.64% -2.14% 0.32% 0.58% 2.26%
    Benchmark
    Dec 31 2022 -0.55% 1.22% -10.50% -10.50% -2.05% 0.41% 0.66% 2.34%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -0.89% 0.74% -11.23% -11.23% -2.51% -0.23% 0.01% 1.57%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.44% 0.60% -6.34% -6.34% -1.77% 0.02% 0.19% 1.49%
    Benchmark
    Dec 31 2022 -0.55% 1.22% -10.50% -10.50% -2.05% 0.41% 0.66% 2.34%

    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.

    Index Change: “Benchmark” reflects linked performance returns of both the Bloomberg 3-10 Year U.S. Treasury Index and the Bloomberg Intermediate U.S. Treasury Index. The index returns are reflective of the Bloomberg Intermediate U.S. Treasury Index from fund inception until 4/30/2018 and of the Bloomberg 3-10 Year U.S. Treasury Index effective 4/30/2018 to present.

    Gross Expense Ratio: 0.06%


    Top Holdings

    as of Mar 22 2023
    as of Mar 22 2023

    Fund Top Holdings as of Mar 22 2023

    Name Market Value ISIN Weight
    US TREASURY N/B 4.125 11/15/2032 151,910,864.37 US91282CFV81 2.76%
    US TREASURY N/B 2.75 08/15/2032 125,353,693.76 US91282CFF32 2.28%
    US TREASURY N/B 2.625 05/31/2027 123,250,808.21 US91282CET45 2.24%
    US TREASURY N/B 4 02/29/2028 122,920,041.72 US91282CGP05 2.23%
    US TREASURY N/B 2.75 07/31/2027 116,176,417.37 US91282CFB28 2.11%
    US TREASURY N/B 3.25 06/30/2029 112,753,218.37 US91282CEV90 2.05%
    US TREASURY N/B 3.375 01/31/2028 111,326,792.24 US91282CGH88 2.02%
    US TREASURY N/B 3.625 12/31/2029 109,500,611.42 US91282CGB19 1.99%
    US TREASURY N/B 3.125 08/31/2027 105,285,106.44 US91282CFH97 1.91%
    US TREASURY N/B 3.875 09/30/2029 104,265,515.39 US91282CFL00 1.89%

    Index Top Holdings as of Mar 22 2023

    Name ISIN Weight
    US TREASURY N/B 4.125 11/15/2032 US91282CFV81 2.18%
    US TREASURY N/B 2.875 05/15/2032 US91282CEP23 2.03%
    US TREASURY N/B 1.25 08/15/2031 US91282CCS89 1.98%
    US TREASURY N/B 1.375 11/15/2031 US91282CDJ71 1.94%
    US TREASURY N/B 2.75 08/15/2032 US91282CFF32 1.93%
    US TREASURY N/B 1.875 02/15/2032 US91282CDY49 1.91%
    US TREASURY N/B 1.625 05/15/2031 US91282CCB54 1.89%
    US TREASURY N/B .875 11/15/2030 US91282CAV37 1.87%
    US TREASURY N/B 1.125 02/15/2031 US91282CBL46 1.83%
    US TREASURY N/B .625 08/15/2030 US91282CAE12 1.76%

    Sector Allocation

    as of Mar 22 2023
    as of Mar 22 2023

    Fund Sector Breakdown as of Mar 22 2023

    Sector Weight
    Treasury 99.95%
    Cash 0.05%

    Index Sector Breakdown as of Mar 22 2023

    Sector Weight
    Treasury 100.00%

    Quality Breakdown

    as of Mar 22 2023
    as of Mar 22 2023

    Fund Quality Breakdown as of Mar 22 2023

    Name Weight
    AAA 100.00%

    Index Quality Breakdown as of Mar 22 2023

    Name Weight
    AAA 100.00%

    Maturity Ladder

    as of Mar 22 2023
    as of Mar 22 2023

    Fund Maturity Ladder as of Mar 22 2023

    Name Weight
    0 - 1 Year 0.05%
    3 - 5 Years 48.17%
    5 - 7 Years 32.96%
    7 - 10 Years 18.81%

    Index Maturity Ladder as of Mar 22 2023

    Name Weight
    3 - 5 Years 46.79%
    5 - 7 Years 30.95%
    7 - 10 Years 22.26%

    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 Portfolio Intermediate Term Treasury 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.

    Index Change: “Benchmark” reflects linked performance returns of both the Bloomberg 3-10 Year U.S. Treasury Index and the Bloomberg Intermediate U.S. Treasury Index. The index returns are reflective of the Bloomberg Intermediate U.S. Treasury Index from fund inception until 4/30/2018 and of the Bloomberg 3-10 Year U.S. Treasury Index effective 4/30/2018 to present.

    "Bloomberg®" and Bloomberg 3-10 Year U.S. Treasury 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 Portfolio Intermediate Term Treasury ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Portfolio Intermediate Term Treasury ETF.

    Prior to 09/23/2019, the SPDR® Portfolio Intermediate Term Treasury ETF was known as the SPDR® Bloomberg Barclays Intermediate Term Treasury ETF.

    Prior to 09/23/2019, the ticker for SPTI was ITE.

    Prior to 8/24/2021, the Bloomberg 3-10 Year U.S. Treasury Index was known as the Bloomberg Barclay 3-10 Year U.S. Treasury Index.