State Street SPDR Portfolio TIPS ETF

Frequently Asked Questions About SPIP

What does SPIP invest in?

The State Street SPDR Portfolio TIPS ETF aims to replicate the investment performance—both in terms of price movement and income generation—of the Bloomberg U.S. Government Inflation-Linked Bond Index. This cost-efficient exchange-traded fund offers investors direct exposure to U.S. Treasury Inflation Protected Securities (TIPS), which are government-issued debt instruments specifically designed to safeguard against the erosion of purchasing power due to inflation. Its core objective is to provide a hedge, protecting capital from the detrimental effects of rising prices. This ETF is an integral part of the economical State Street SPDR Portfolio lineup, a series of foundational investment vehicles crafted to offer extensive and diversified access to key asset classes.

What is the expense ratio of SPIP?

State Street SPDR Portfolio TIPS ETF (SPIP) charges an expense ratio of 0.12%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPIP's dividend yield?

SPIP's trailing-twelve-month yield is 5.42%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPIP?

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

What is the credit quality of SPIP?

SPIP'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 SPIP?

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