SPIB

State Street SPDR Portfolio Intermediate Term Corporate Bond ETF

$33.74

+0.00%

Market closed. Last update: 12:32 PM ET

📎 Investment Objective

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index.

Overview

ETF tracking State Street SPDR Portfolio Intermediate Term Corporate Bond ETF

Category Corporate Bonds

Issuer State Street

Inception Date 2009-02-11

Market Cap $10.8B

Average Volume N/A

Dividend Yield 3.69%

52-Week Range $32.50 - $34.08

VWAP $33.77

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of intermediate-term corporate bonds that seeks to track the performance of the underlying index. The index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies.

✨ Key Features

Exposure to a diversified portfolio of intermediate-term corporate bonds
Seeks to track the performance of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index
Low expense ratio of 0.00%
Suitable for investors seeking exposure to the investment-grade corporate bond market

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
Liquidity risk: The fund may experience difficulty buying or selling certain holdings
Market risk: The value of the fund's holdings may fluctuate due to changes in the overall market

👤 Best For

This ETF may be suitable for investors seeking exposure to the investment-grade corporate bond market as part of a diversified fixed-income portfolio. It may be particularly appropriate for investors with a medium-term investment horizon who are looking for a low-cost, passively managed option for their corporate bond allocation.