Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Frequently Asked Questions About SBS

What does SBS invest in?

SABESP, or Companhia de Saneamento Básico do Estado de São Paulo, is a key utility provider specializing in water and sewage services for residential, commercial, industrial, and governmental clients. Its offerings are comprehensive, spanning water supply, sanitary sewage systems, urban rainwater management and drainage, municipal cleaning, and solid waste management. The company's operations also encompass planning, system operation, maintenance, and the commercialization of energy. As of December 31, 2021, SABESP delivered water services to approximately 27.8 million people through 9.8 million connections and provided sewage services to about 24.6 million individuals via 8.4 million connections. Its expansive infrastructure included 88,904 kilometers of water pipes and transmission lines, alongside 61,122 kilometers of sewer lines. Furthermore, through special purpose companies, SABESP extends its water and/or sewage provisions to four additional municipalities. The company was established in 1954 and is headquartered in São Paulo, Brazil.

What is the expense ratio of SBS?

An expense ratio for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is SBS's dividend yield?

SBS's trailing-twelve-month yield is 2.37%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SBS?

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

What is the credit quality of SBS?

SBS'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 SBS?

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