State Street SPDR Portfolio Long Term Corporate Bond ETF

Frequently Asked Questions About SPLB

What does SPLB invest in?

SPDR Series Trust - State Street SPDR Portfolio Long Term Corporate Bond ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in the fixed income markets of the United States. It invests in U.S. dollar denominated taxable, fixed-rate, investment grade corporate bonds with a maturity of greater than or equal to 10 years. The fund seeks to track the performance of the Bloomberg U.S. Long Term Corporate Bond Index, by using representative sampling technique. SPDR Series Trust - State Street SPDR Portfolio Long Term Corporate Bond ETF was formed on March 10, 2009 and is domiciled in the United States.

What is the expense ratio of SPLB?

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

What is SPLB's dividend yield?

SPLB's trailing-twelve-month yield is 5.57%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SPLB?

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

What is the credit quality of SPLB?

SPLB'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 SPLB?

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