CBND

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

CBND Fund Description

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

CBND Factset Analytics Insight

CBND 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. CBND 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.

CBND MSCI ESG Analytics Insight

SPDR Bloomberg Barclays 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 Bloomberg Barclays 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.

CBND Charts And Performance

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PERFORMANCE [as of 09/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CBND 0.27% 4.21% 12.41% 12.82% 4.19% 4.10% --
CBND (NAV) -0.72% 4.00% 12.09% 11.91% 4.32% 4.22% --
Bloomberg Barclays US Aggregate Corporate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CBND Summary Data

SPDR
04/06/11
Open-Ended Fund
0.06%
$86.96M
$514.79K
0.30%

CBND Portfolio Data

7.52
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3.17%
10/01/19
1629

CBND Index Data

Market Value
Fundamental
Bloomberg Barclays US Aggregate Corporate Index

CBND Portfolio Management

0.06%
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CBND Tax Exposures

20.00% / 39.60%
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Ordinary income
No

CBND 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 -
Daily Spread
Premium/Discount
Volume

CBND Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

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

CBND Tradability

15,279
$514.79K
9,853
$334.17K
0.30%
$0.10
0.16%
0.55% / -0.54%
None
100.00%
50,000
0.20
0.03%
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0
$33.45
N/A

CBND Sector/Industry Breakdown


CBND
Segment Benchmark
55.76%
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36.12%
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7.41%
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0.63%
--
0.08%
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CBND Top 10 Holdings[View All]

0.51%
0.50%
0.48%
0.48%
0.46%
0.38%
0.38%
0.37%
0.37%
0.36%
4.29%

CBND Top 5 Countries


CBND
Segment Benchmark
86.05%
--
3.73%
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2.96%
--
1.61%
--
1.41%
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CBND Top 5 Currencies


CBND
Segment Benchmark
100.00%
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CBND Performance Statistics

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CBND MSCI ESG Ratings

BBB
4.65 / 10
51.21
31.95
10.11%
4.15%
320.71

CBND Holdings Statistics

11.18 years
7.52
3.17%
7.56
Low
1629
1.07%

CBND Avg Life Maturity Distribution

0.40%
10.99%
9.58%
13.14%
2.75%
7.29%
23.88%

CBND OAS Breakdown

36.95%
8.70%
0.66%
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