SPMB

State Street SPDR Portfolio Mortgage Backed Bond ETF

$22.45

+0.00%

Market closed. Last update: 11:55 AM ET

📎 Investment Objective

The SPDR Portfolio Mortgage Backed Bond ETF (SPMB) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg Barclays U.S. Mortgage Backed Securities Index.

Overview

ETF tracking State Street SPDR Portfolio Mortgage Backed Bond ETF

Category Fixed Income

Issuer State Street

Inception Date 2009-01-27

Market Cap $6.4B

Average Volume N/A

Dividend Yield 3.03%

52-Week Range $21.23 - $22.71

VWAP $22.46

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of mortgage-backed securities (MBS) that seeks to track the index. The index includes agency residential mortgage-backed securities (RMBS) issued and guaranteed by U.S. government agencies such as Ginnie Mae, Fannie Mae, and Freddie Mac.

✨ Key Features

Provides exposure to the U.S. agency mortgage-backed securities market
Seeks to track the performance of the Bloomberg Barclays U.S. Mortgage Backed Securities Index
Low expense ratio of 0.00%
Relatively low volatility compared to other fixed income sectors

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Prepayment risk: Homeowners may refinance or pay off their mortgages sooner than expected, which could reduce the fund's returns
Credit risk: The fund is exposed to the creditworthiness of the government agencies that guarantee the mortgage-backed securities
Liquidity risk: The mortgage-backed securities market can experience periods of lower liquidity

👤 Best For

This ETF may be suitable for investors seeking exposure to the U.S. agency mortgage-backed securities market as part of a diversified fixed income portfolio. It may be appropriate for investors with a moderate risk tolerance who are looking for relatively stable income and lower volatility compared to other bond sectors.