SPLB

State Street SPDR Portfolio Long Term Corporate Bond ETF

$22.70

+0.00%

Market closed. Last update: 12:32 PM ET

📎 Investment Objective

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

Overview

ETF tracking State Street SPDR Portfolio Long Term Corporate Bond ETF

Category Corporate Bonds

Issuer State Street

Inception Date 2009-03-11

Market Cap $893.0M

Average Volume N/A

Dividend Yield 4.36%

52-Week Range $21.37 - $23.59

VWAP $22.75

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of long-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

Provides exposure to the long-term corporate bond market
Seeks to track the performance of the Bloomberg U.S. Long Corporate Bond Index
Low expense ratio of 0.00%
Suitable for investors seeking broad exposure to the long-term corporate bond segment

⚠️ Primary Risks

Interest rate risk: The fund's value may decline due to rising interest rates
Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
Liquidity risk: The fund may experience difficulty in buying or selling certain securities
Tracking error risk: The fund may not perfectly track the performance of the underlying index

👤 Best For

SPLB may be suitable for investors seeking exposure to the long-term corporate bond market as part of a diversified fixed-income portfolio. It may be particularly attractive for investors with a long-term investment horizon who are comfortable with the risks associated with corporate bond investments.