SPBO

State Street SPDR Portfolio Corporate Bond ETF

$29.34

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

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

Overview

ETF tracking State Street SPDR Portfolio Corporate Bond ETF

Category Fixed Income

Issuer State Street

Inception Date 2011-04-07

Market Cap $1.7B

Average Volume N/A

Dividend Yield 4.25%

52-Week Range $28.18 - $29.93

VWAP $29.37

Performance

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Price Chart

Investment Summary

📎 Investment Objective

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

🎯 Investment Strategy

The fund invests in a diversified portfolio of U.S. corporate bonds with the goal of tracking the performance of the underlying index. The index includes investment-grade, U.S. dollar-denominated, fixed-rate, taxable securities issued by industrial, utility, and financial companies.

✨ Key Features

Broad exposure to the U.S. corporate bond market
Investment-grade credit quality focus
Low-cost, passively managed index fund
Potential for income generation and capital preservation

⚠️ Primary Risks

Interest rate risk: Bond prices may decline as interest rates rise
Credit risk: Issuers may fail to make timely interest or principal payments
Liquidity risk: Difficulty buying or selling bonds in volatile or uncertain market conditions
Tracking error risk: The fund may not perfectly track the performance of the underlying index

👤 Best For

The SPDR Portfolio Corporate Bond ETF may be suitable for investors seeking broad exposure to the U.S. investment-grade corporate bond market as part of a diversified fixed-income allocation. It may be appropriate for investors with a moderate risk tolerance and a medium-term investment horizon.