State Street SPDR Portfolio Corporate Bond ETF

Frequently Asked Questions About SPBO

What does SPBO invest in?

The State Street SPDR Portfolio Corporate Bond ETF (SPBO) aims to mirror the investment performance, encompassing both price appreciation and income generation, of the Bloomberg U.S. Corporate Bond Index, prior to accounting for fees and expenses. This ETF is a component of the cost-efficient core State Street SPDR Portfolio series, a collection of funds crafted to offer extensive and varied investment in fundamental asset categories. It serves as an economical fund designed to deliver accurate and complete exposure to U.S. corporate debt, which represents the corporate segment of the broader Bloomberg Aggregate Bond Index. For inclusion in the underlying index, bonds must possess a minimum outstanding par value of $300 million and have a remaining maturity of no less than one year. The index undergoes rebalancing on the final business day of each month.

What is the expense ratio of SPBO?

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

What is SPBO's dividend yield?

SPBO's trailing-twelve-month yield is 5.30%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPBO?

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

What is the credit quality of SPBO?

SPBO'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 SPBO?

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