SPDR Bloomberg International Corporate Bond ETF

Frequently Asked Questions About IBND

What does IBND invest in?

The SPDR Bloomberg International Corporate Bond ETF (IBND) aims to generally mirror the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond Index, before accounting for fees and expenses. This fund offers investors broad access to the global, investment-grade, fixed-rate corporate debt markets, specifically excluding those within the United States. To be included in the underlying index, bonds must meet several key criteria: they need a minimum outstanding market capitalization equivalent to $1 billion USD, have at least one year remaining until maturity, feature a fixed interest rate (though zero-coupon and step-up bonds are permissible), and hold an investment-grade credit rating. The index is weighted by the market capitalization of its constituents and undergoes monthly rebalancing on the last business day of each month.

What is the expense ratio of IBND?

SPDR Bloomberg International Corporate Bond ETF (IBND) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is IBND's dividend yield?

IBND's trailing-twelve-month yield is 2.84%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IBND?

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

What is the credit quality of IBND?

IBND'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 IBND?

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