State Street SPDR Portfolio Intermediate Term Corporate Bond ETF

Frequently Asked Questions About SPIB

What does SPIB invest in?

The State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a cost-effective exchange-traded fund, part of a core suite of SPDR Portfolio products. Its primary objective is to closely mirror the price and yield performance of the Bloomberg Intermediate US Corporate Index, before factoring in fees and expenses. SPIB provides targeted and broad exposure to U.S. corporate bonds with maturities spanning from one year to just under ten years. The underlying Index consists exclusively of investment-grade, fixed-rate, taxable, U.S. dollar-denominated corporate debt, requiring each bond issue to have at least $300 million in par value outstanding. The Index is weighted by market capitalization and is rebalanced on the final business day of every month.

What is the expense ratio of SPIB?

State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) charges an expense ratio of 0.04%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPIB's dividend yield?

SPIB's trailing-twelve-month yield is 4.50%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPIB?

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

What is the credit quality of SPIB?

SPIB'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 SPIB?

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