SPBO

SPDR Portfolio Corporate Bond ETF
*Unless otherwise stated, data provided by FactSet.

SPBO Fund Description

SPBO tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals.

SPBO Factset Analytics Insight

SPBO holds a broad portfolio of industrial, financial, and utilities investment-grade corporate bonds. The fund ranks issuers using financial statement ratios and weights them accordingly. It weights specific issues by their market values within each issuer bucket. Despite tilting heavily toward the lowest-rated investment-grade bonds (over 50% of its portfolio is invested in BBB-rated bonds), it has a lower credit spread duration than our benchmark. SPBO allocates about 9% of its portfolio in bonds maturing within the year, further driving down duration and yield. It charges one of the lowest expense ratios in the segment, but tracks poorly and lacks consistency in tracking its index. The fund also lacks both primary and secondary liquidity which drives up transaction costs for investors of all sizes. Prior to September 23, 2019 the fund traded under the ticker CBND.

SPBO MSCI ESG Analytics Insight

SPDR Portfolio Corporate Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.65 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Portfolio Corporate Bond ETF ranks in the 32nd percentile within its peer group and in the 51st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SPBO Charts And Performance

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PERFORMANCE [as of 11/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPBO 0.70% 0.05% 13.80% 15.58% 5.75% 4.45% --
SPBO (NAV) 0.79% 0.60% 14.15% 15.68% 5.86% 4.45% --
Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPBO Summary Data

SPDR
04/06/11
Open-Ended Fund
0.06%
$94.54M
$618.13K
0.09%

SPBO Portfolio Data

7.51
--
3.19%
12/02/19
1724

SPBO Index Data

Market Value
Fundamental
Bloomberg Barclays US Aggregate Corporate Index

SPBO Portfolio Management

0.06%
--
--
--

SPBO Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

SPBO Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SPBO Factset Analytics Block Liquidity

As of 11/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SPBO. SPBO is rated a N/A out of 5.

SPBO Tradability

18,335
$618.13K
12,584
$424.00K
0.09%
$0.03
0.24%
0.55% / -0.19%
None
100.00%
50,000
0.25
0.03%
--
0
$33.76
N/A

SPBO Sector/Industry Breakdown


SPBO
Segment Benchmark
56.66%
--
35.37%
--
7.23%
--
0.66%
--
0.08%
--

SPBO Top 10 Holdings[View All]

0.65%
0.48%
0.47%
0.47%
0.46%
0.44%
0.37%
0.35%
0.35%
0.35%
4.39%

SPBO Top 5 Countries


SPBO
Segment Benchmark
85.83%
--
3.91%
--
3.22%
--
1.48%
--
1.22%
--

SPBO Top 5 Currencies


SPBO
Segment Benchmark
100.00%
--

SPBO Performance Statistics

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--
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SPBO MSCI ESG Ratings

BBB
4.65 / 10
51.21
31.95
10.11%
4.15%
320.71

SPBO Holdings Statistics

11.28 years
7.51
3.19%
7.54
Low
1724
1.17%

SPBO Avg Life Maturity Distribution

0.38%
10.88%
9.33%
15.35%
12.85%
17.81%
2.65%
6.67%
24.08%

SPBO OAS Breakdown

48.98%
39.75%
10.37%
0.90%
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--
--
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