SPDR Bloomberg International Treasury Bond ETF

Frequently Asked Questions About BWX

What does BWX invest in?

The SPDR Bloomberg International Treasury Bond ETF aims to replicate the price and yield performance of its benchmark, the Bloomberg Global Treasury ex-US Capped Index, before accounting for fees and expenses. This fund provides investors with access to fixed-rate government bonds from highly-rated nations outside the United States, denominated in their respective local currencies. The underlying index comprises sovereign debt issued by these investment-grade countries, with each bond requiring an investment-grade rating, a remaining maturity of at least one year, and local currency denomination. The index components undergo rebalancing on the last business day of every month.

What is the expense ratio of BWX?

SPDR Bloomberg International Treasury Bond ETF (BWX) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is BWX's dividend yield?

BWX's trailing-twelve-month yield is 2.45%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BWX?

Effective duration measures BWX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BWX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BWX?

BWX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BWX?

Yield to maturity (YTM) is the total return you'd earn from BWX if every bond in the portfolio is held to maturity at the current price. BWX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.