State Street SPDR Portfolio Aggregate Bond ETF

Frequently Asked Questions About SPAB

What does SPAB invest in?

The State Street SPDR Portfolio Aggregate Bond ETF (SPAB) aims to closely match the price appreciation and income generation of the Bloomberg U.S. Aggregate Bond Index, before accounting for its own management fees and expenses. This ETF is a cost-effective member of the core SPDR Portfolio suite, designed to serve as a foundational component for diversified investment portfolios. It provides broad, economical access to a comprehensive range of US dollar-denominated, investment-grade fixed income securities. This includes government debt, corporate bonds, mortgage pass-through securities, commercial mortgage-backed securities, and asset-backed securities. The underlying index utilizes a market capitalization weighting scheme and is rebalanced on the final business day of each month.

What is the expense ratio of SPAB?

State Street SPDR Portfolio Aggregate Bond ETF (SPAB) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPAB's dividend yield?

SPAB's trailing-twelve-month yield is 4.22%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPAB?

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

What is the credit quality of SPAB?

SPAB'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 SPAB?

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