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SPDR Portfolio Short Term Corporate Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Short Term Corporate Bond ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the short term U.S. corporate bond market, Barclays U.S. 1-3 Year Corporate Bond Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Dec 16, 2009 |
| Assets (mns) | $7,884 |
| Currency | USD |
| Expense ratio | 4 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 1326 |
| No of distinct issuers | 637 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 20% /80% |
| Non-standard maturity (callable, etc.) | 78% |
| GE CAPITAL INTERNATIO 2.3% 11/15/20 | 0.7 % |
| ORACLE CORPORATION 1.9% 9/15/21 | 0.4 % |
| MORGAN STANLEY & CO. 2.6% 11/17/21 | 0.4 % |
| GOLDMAN SACHS GROUP, 5.3% 7/27/21 | 0.4 % |
| ABBOTT LABORATORIES 2.9% 11/30/21 | 0.3 % |
| FORD MOTOR CREDIT COM 3.2% 1/15/21 | 0.3 % |
| HSBC HOLDINGS PLC 2.7% 1/05/22 | 0.3 % |
| WELLS FARGO BANK, N.A 3.6% 1/22/21 | 0.3 % |
| ALLERGAN FUNDING SCS 3.5% 3/15/22 | 0.3 % |
| BANK OF AMERICA CORPO 2.4% 7/21/21 | 0.3 % |
| TOTAL | 3.9 % |
|---|
| BANK OF AMERICA CORPORATION | 2.8% |
| JPMORGAN CHASE & CO. | 2.6% |
| MORGAN STANLEY | 2.3% |
| HSBC HOLDINGS PLC | 1.9% |
| CITIGROUP INC. | 1.7% |
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UNITED STATES | 77.8 % |
 |
CANADA | 5.0 % |
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UNITED KINGDOM | 3.8 % |
 |
JAPAN | 3.0 % |
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BRITAIN | 1.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 1.2% | 4.9% | 2.7% | 2.2% | 2.2% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.30 | 83% |
| S&P500 | 0.10 | 46% |
| MSCI EAFE | 0.11 | 60% |
| MSCI Emg. Mkts. | 0.10 | 49% |
| Recent close | $29.91 |
| 30d moving avg. | $29.98 |
| Annualized volatility | 2.5% |
| Short interest (ETF) | 1.3% |
| Relative strength (RSI) | 44 |
| Avg. volume (thou.) | 3,731 |
| Avg. daily value traded (mns) | $112 |
| Turnover | 1.4% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SPSB | 2.0 yrs | Category Avg.* |
4.6 yrs |
| SPSB | 2.0% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.80% | -10.6% | $26.74 |
| +200 bp | 6.80% | -6.0% | $28.11 |
| +150 bp | 6.30% | -4.1% | $28.68 |
| +100 bp | 5.80% | -2.5% | $29.16 |
| +75 bp | 5.55% | -1.8% | $29.38 |
| +50 bp | 5.30% | -1.1% | $29.58 |
| +25 bp | 5.05% | -0.5% | $29.75 |
| 0 bp | 4.80% | 0% | $29.91 |
| -25 bp | 4.55% | 0.5% | $30.05 |
| -50 bp | 4.30% | 0.9% | $30.17 |
| -75 bp | 4.05% | 1.2% | $30.27 |
| -100 bp | 3.80% | 1.5% | $30.35 |
| -150 bp | 3.30% | 1.8% | $30.45 |
| -200 bp | 2.80% | 1.9% | $30.47 |
| -300 bp | 1.80% | 1.3% | $30.29 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
480 | bp |
| Less: Annual "default factor" |
12 | bp |
| Less: Expense ratio | 4 | bp |
| Equals: ALTAR Score | 4.64 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.3% |
| Corporate | 4.4% |
| Emerging Market | 6.2% |
| Government | 7.2% |
| Inflation Protected | 2.5% |
| Mortgage | 5.1% |
| Municipals | 3.6% |
| *Note: The SPDR Portfolio Short Term Corporate Bond ETF is classified as a Corporate fund. | |