SPDR Bloomberg Short Term International Treasury Bond ETF

Frequently Asked Questions About BWZ

What does BWZ invest in?

SPDR Series Trust - SPDR Bloomberg Short Term International Treasury Bond ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in the fixed income markets of global ex-US region. The fund invests in fixed rate investment grade sovereign debt securities denominated in local currencies that have a maturity of one to three years and are rated Baa3 or higher by Moody’s or BBB- or higher by S&P or Fitch. The fund seeks to track the performance of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index, by using representative sampling technique. SPDR Series Trust - SPDR Bloomberg Short Term International Treasury Bond ETF was formed on January 15, 2009 and is domiciled in the United States.

What is the expense ratio of BWZ?

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

What is BWZ's dividend yield?

BWZ's trailing-twelve-month yield is 2.12%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BWZ?

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

What is the credit quality of BWZ?

BWZ'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 BWZ?

Yield to maturity (YTM) is the total return you'd earn from BWZ if every bond in the portfolio is held to maturity at the current price. BWZ'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.