SPLB

SPDR Portfolio Long Term Corporate Bond ETF
A

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*Unless otherwise stated, data provided by FactSet.

SPLB Fund Description

SPLB tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least ten years.

SPLB Factset Analytics Insight

SPLB does a great job capturing the US long-term, investment-grade corporate bond market in ETF form. The fund invests strictly in US dollar-denominated issues, predominantly from US firms. Every element, from sector weighting, average maturity, or YTM, aligns nearly perfectly with our benchmark—as they should, since SPLB tracks the same index that we use for our benchmark, albeit with some optimization. Daily trading volume is somewhat light and spreads tend to be wide. Block liquidity is poor due to the illiquidity of the underlying bonds. For the smaller retail customer, trading is manageable but somewhat costly. For the institutional trader it will be a struggle. In terms of Efficiency, however, SPLB shines. SPLB has a lower than average expense ratio and tracks its index tightly. The fund ticker changed from LWC in Oct. 2017.

SPLB MSCI ESG Analytics Insight

SPDR Portfolio Long Term Corporate Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.82 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 Long Term Corporate Bond ETF ranks in the 37th percentile within its peer group and in the 41st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SPLB Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPLB 0.88% 5.15% 20.85% 21.63% 6.33% 6.05% 7.23%
SPLB (NAV) 0.34% 5.52% 20.66% 20.12% 6.32% 6.15% 7.40%
Bloomberg Barclays U.S. 10+ Year Corporate Bond Index 0.34% 5.53% 20.88% 20.41% 6.45% 6.19% 7.40%
Bloomberg Barclays U.S. 10+ Year Corporate Bond Index 0.34% 5.53% 20.88% 20.41% 6.45% 6.19% 7.88%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPLB Summary Data

SPDR
03/10/09
Open-Ended Fund
0.07%
$652.45M
$10.99M
0.07%

SPLB Portfolio Data

13.86
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3.98%
10/01/19
1997

SPLB Index Data

Market Value
Market Value
Bloomberg Barclays U.S. 10+ Year Corporate Bond Index

SPLB Portfolio Management

0.07%
-0.32%
-0.03%
-0.43%

SPLB Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SPLB 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 -

SPLB Factset Analytics Block Liquidity

As of 10/14/19
5
4
3
2
1

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

SPLB Tradability

366,098
$10.99M
347,119
$10.54M
0.07%
$0.02
0.09%
0.84% / -0.76%
None
100.00%
100,000
3.47
0.02%
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0
$29.60
N/A

SPLB Sector/Industry Breakdown


SPLB
Segment Benchmark
71.04%
--
16.74%
--
12.08%
--
0.09%
--
0.03%
--
0.03%
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SPLB Top 10 Holdings[View All]

0.48%
0.46%
0.37%
0.34%
0.31%
0.29%
0.27%
0.27%
0.26%
0.26%
3.31%

SPLB Top 5 Countries


SPLB
Segment Benchmark
88.80%
--
3.55%
--
2.63%
--
1.70%
--
0.63%
--

SPLB Top 5 Currencies


SPLB
Segment Benchmark
100.00%
--

SPLB Performance Statistics

1.00
1.00
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--
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SPLB MSCI ESG Ratings

BBB
4.82 / 10
41.44
37.03
15.45%
4.41%
493.93

SPLB Holdings Statistics

23.36 years
13.86
3.98%
13.82
Low
1997
1.72%

SPLB Avg Life Maturity Distribution

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--
--
0.00%
0.04%
1.55%
7.19%
21.46%
69.76%

SPLB OAS Breakdown

64.29%
23.00%
2.15%
0.11%
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