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See exactly how SPSB's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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SPSB delivers marketlike exposure to short-term US investment-grade corporate bonds. The fund holds USD-denominated, fixed rate and nonconvertible corporate issues, with 1 to 3 years remaining to maturity. The sectors included are Industrial, Utility, and Financial Institutions, which include both U.S. and non-US corporations. SPSB excludes structured notes with special features, private placements, floating rate securities, and Eurobonds. The underlying index is reconstituted monthly. SPSB uses a sampling index strategy, which purchases a subset of securities that matches the return, and…
NewEdge Advisors LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 42.4% during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,154 shares of the company's stock after purchasing an additional 33,667 shares during
Investors can't get enough of ultrashort bonds. Driven by concerns over high equity valuations and rate volatility as the U.S. Federal Reserve mulls over the direction of interest rates, capital preservation strategies appear to be the elixir to help ease uncertainty.
Capital Wealth Management LLC increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) by 4.9% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,227,718 shares of the company's stock after purchasing an
State Street SPDR Portfolio Short Trm Corp Bd ETF faces headwinds from rising benchmark rates and persistent inflation risks. With 1.8 years duration, SPSB is vulnerable to capital depreciation, as 2-5 year yields have seen 50+ bps upward revisions. Falling credit spreads appear irrational given deteriorating consumer sentiment and inflationary pressures on corporate margins. So that could also be a factor against SPSB soon.
Short-term investment-grade bond strategies, with durations in the two-to-three-year range, are well positioned to capture a meaningful yield advantage without the rate sensitivity that has challenged longer duration strategies in recent months. The yield to worst on a diversified short-term bond portfolio currently sits between 4.5% and 5.0%, more than 100 basis points above what bank savings accounts and government money market funds are currently yielding. Although the path for rates is highly uncertain, the range of outcomes in which short-term bonds outperform cash is considerably wider than the range in which they don't.