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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.45

$168 M

2.39%

$0.70

0.50%

Vitals

YTD Return

-0.3%

1 yr return

3.1%

3 Yr Avg Return

-5.4%

5 Yr Avg Return

-1.8%

Net Assets

$168 M

Holdings in Top 10

9.0%

52 WEEK LOW AND HIGH

$29.3
$26.83
$30.27

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.45

$168 M

2.39%

$0.70

0.50%

IBND - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return -5.4%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR® Bloomberg International Corporate Bond ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    May 20, 2010
  • Shares Outstanding
    3800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Spano

Fund Description

In seeking to track the performance of the Bloomberg Global Aggregate ex-USD ˃$1B: Corporate Bond Index(the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (SSGA FM or the Adviser), the Fund's investment adviser, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. In addition, in seeking to track the Index, the Fund may invest in debt securities that are not included in the Index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund). In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the
extent that the Index concentrates in a particular industry or group of industries. The Fund may also enter into forward currency exchange contracts for hedging and/or investment purposes. Swaps and futures contracts may be used by the Fund in seeking performance that corresponds to its Index and in managing cash flows.
The Index is designed to be a broad based measure of the global investment grade, fixed rate, fixed income corporate markets outside the United States. The Index is part of the Bloomberg Global Aggregate ex-USD Bond Index. The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Securities must be fixed rate, although zero coupon bonds and step-ups are permitted. Additionally, securities must be rated investment grade (Baa3/BBB-/BBB- or better) using the middle rating from Moody's Investors Service, Inc., Fitch Ratings, Inc., or S&P Global Ratings after dropping the highest and lowest available ratings. If only two agencies rate a security, then the more conservative (lower) rating will be used. If only one rating agency rates a security, then that one rating will be used. Excluded from the Index are subordinated debt, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, inflation-linked bonds, and structured notes. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month. As of February 29, 2024, there were approximately 962 securities in the Index. As of February 29, 2024, the following countries were represented in the Index: Australia, Austria, Belgium, Canada, China, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Mexico, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States. As of February 29, 2024, a significant portion of the Fund comprised companies located in Europe and the United States, although this may change from time to time. As of February 29, 2024, a significant portion of the Fund comprised companies in the financial and industrial sectors, although this may change from time to time.
The Index is sponsored by Bloomberg Index Services Limited (the Index Provider), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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IBND - Performance

Return Ranking - Trailing

Period IBND Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -59.5% 0.9% 13.11%
1 Yr 3.1% -15.5% 19.7% 94.71%
3 Yr -5.4%* -4.3% 4.2% 78.61%
5 Yr -1.8%* -2.5% 4.1% 62.23%
10 Yr -1.7%* -3.0% 2.7% 78.29%

* Annualized

Return Ranking - Calendar

Period IBND Return Category Return Low Category Return High Rank in Category (%)
2023 8.0% -15.2% 0.9% 67.00%
2022 -19.9% -10.9% 12.2% 4.64%
2021 -8.7% -10.8% 14.8% 68.23%
2020 10.9% -15.3% 0.6% 79.19%
2019 3.7% -44.4% 14.4% 0.61%

Total Return Ranking - Trailing

Period IBND Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -59.5% 0.9% 92.72%
1 Yr 3.1% -16.6% 30.5% 85.31%
3 Yr -5.4%* -5.2% 10.9% 75.36%
5 Yr -1.8%* -2.8% 7.4% 58.76%
10 Yr -1.7%* -3.0% 3.6% 77.90%

* Annualized

Total Return Ranking - Calendar

Period IBND Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% -15.2% 0.9% 67.00%
2022 -19.4% -10.9% 12.2% 4.64%
2021 -8.4% -10.8% 14.8% 68.23%
2020 11.5% -15.3% 3.8% 90.75%
2019 4.3% -44.4% 14.4% 0.61%

IBND - Holdings

Concentration Analysis

IBND Category Low Category High IBND % Rank
Net Assets 168 M 74.5 K 14.7 B 76.47%
Number of Holdings 797 4 4562 36.97%
Net Assets in Top 10 14.7 M -112 M 3.66 B 81.99%
Weighting of Top 10 9.03% 4.7% 100.0% 100.00%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 5.98%
  2. Seven i Holdings Co Ltd 0.40%
  3. NTT Finance Corp 0.40%
  4. NTT Finance Corp 0.40%
  5. Societe Generale SA 0.34%
  6. Toronto-Dominion Bank/The 0.31%
  7. Societe Generale SA 0.31%
  8. UBS Group AG 0.30%
  9. Sanofi SA 0.30%
  10. Cooperatieve Rabobank UA 0.30%

Asset Allocation

Weighting Return Low Return High IBND % Rank
Bonds
98.49% 0.00% 220.33% 47.39%
Convertible Bonds
6.17% 0.00% 11.19% 3.79%
Cash
5.99% -130.07% 95.62% 81.04%
Stocks
0.00% 0.00% 7.47% 65.40%
Preferred Stocks
0.00% 0.00% 2.87% 53.55%
Other
0.00% -9.71% 100.00% 49.76%

IBND - Expenses

Operational Fees

IBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.02% 3.65% 88.04%
Management Fee 0.50% 0.00% 2.08% 40.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

IBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IBND Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 6.00% 354.00% 1.18%

IBND - Distributions

Dividend Yield Analysis

IBND Category Low Category High IBND % Rank
Dividend Yield 2.39% 0.00% 17.40% 32.23%

Dividend Distribution Analysis

IBND Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

IBND Category Low Category High IBND % Rank
Net Income Ratio 0.32% -1.08% 5.77% 92.65%

Capital Gain Distribution Analysis

IBND Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IBND - Fund Manager Analysis

Managers

Peter Spano


Start Date

Tenure

Tenure Rank

Sep 01, 2015

6.75

6.8%

PETER SPANO is a Vice President and EMEA Head of Portfolio Management of the Fixed Income Beta team at SSGA LTD. Peter joined the firm in May 2007. In his role, he is responsible for overseeing a broad range of mandates, including investment grade credit, global rates, high yield, convertible bonds and emerging market debt, delivered through a variety of investment vehicles, including ETFs, mutual funds and separate accounts. Peter also oversees operational activities for the Fixed Income Beta team. Prior to commencing his current role, Peter managed a range of government and credit index fixed income portfolios. In addition Peter had a significant role in managing synthetic beta ETF solutions for clients. Before joining the investment management team, Peter worked at the National Bank of Slovakia as a Portfolio Manager of the official reserves and as a Front Office Specialist at the European Central Bank. Peter graduated from the University of Economics in Bratislava with a MSc in Economics. He has earned the Chartered Financial Analyst designation (CFA) and obtained the Investment Management Certificate. He is a member of the CFA Society of the UK and the CFA Institute.

Richard Darby-Dowman


Start Date

Tenure

Tenure Rank

Oct 31, 2015

6.59

6.6%

Richard Darby-Dowman is a Vice President of SSGA and SSGA Funds Management, Inc.and a Portfolio Manager in the Fixed Income Beta Team. He is responsible for the management of both government and credit bond portfolios. In addition, he manages synthetic beta ETF solutions. Previously Mr. Darby-Dowman worked as a Portfolio Manager in the Cash Management Team at SSGA. He was responsible for the management of money market funds and securities lending. Prior to this he worked as an operations specialist providing support to the Cash Management Team. Mr. Darby-Dowman graduated from the University of Surrey with a Bachelor of Science (Honors) in Business Computing. He has obtained the Investment Management Certificate (IMC).

Paul Brown


Start Date

Tenure

Tenure Rank

Mar 24, 2016

6.19

6.2%

Paul Brown is a Vice President and a Senior Investment Manager in the Fixed Income Beta Team at SSGA LTD, having joined the company in 2013. He is responsible for the management of ESG, emerging market hard currency, high yield and credit index fixed income portfolios. Prior to joining SSGA LTD, Mr. Brown worked at JPMorgan Asset Management as a portfolio manager where he focused on high grade multi-currency portfolios for segregated clients and pooled funds, as well as strategies for private high net worth investors. Previously, he was a risk analyst within JPMorgan Asset Management's Risk Management team focusing primarily on investment risk. Mr. Brown graduated from Loughborough University with a Bachelor of Science (Honors) in Management Sciences. As part of his degree, he completed one year's industrial placement at IBM. He has also obtained the Investment Management Certificate (IMC).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67