SPSB

State Street SPDR Portfolio Short Term Corporate Bond ETF

$30.18

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index.

Overview

ETF tracking State Street SPDR Portfolio Short Term Corporate Bond ETF

Category Corporate Bonds

Issuer State Street

Inception Date 2009-12-17

Market Cap $7.9B

Average Volume N/A

Dividend Yield 3.83%

52-Week Range $29.77 - $30.32

VWAP $30.19

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of short-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

Focuses on short-term corporate bonds with maturities between 1-3 years
Seeks to provide income and lower interest rate risk compared to longer-term corporate bond funds
Diversified portfolio across various industries and issuers
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers
Liquidity risk: The fund may have difficulty selling certain bonds, especially during times of market stress
Tracking error risk: The fund may not perfectly track the performance of the underlying index

👤 Best For

This ETF may be suitable for investors seeking exposure to short-term corporate bonds as part of a diversified fixed-income allocation. It may be particularly attractive for investors looking to mitigate interest rate risk while generating income, though it still carries credit and liquidity risks.