Key stats
About SPDR SERIES TRUST PORTFOLIO INTERMEDIATE TRM CORPRT BD ETF
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Inception date
Feb 10, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
SPIB offers a market-like exposure to the intermediate-term (1-10 years) sector of the US corporate bond market. The fund happens to track its segment benchmark, the Bloomberg US Intermediate Corporate Bond Index. The index includes investment-grade, fixed-rate, taxable, USD-denominated debt. Roughly a fifth of its portfolio is allocated to USD-denominated debt from foreign companies, and the rest is allocated to US companies. As often the case with bond ETFs, investors should be aware of the possibility of capital gains distributions. The Index is rebalanced monthly. In October 2017, the fund changed its ticker symbol from ITR.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPIB trades at 629.650 MXN today, its price has risen 0.90% in the past 24 hours. Track more dynamics on SPIB price chart.
SPIB net asset value is 633.51 today — it's fallen 1.68% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPIB assets under management is 183.85 B MXN. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPIB price has risen by 0.90% over the last month, and its yearly performance shows a −16.30% decrease. See more dynamics on SPIB price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.68% over the last month, showed a −3.41% decrease in three-month performance and has increased by 8.86% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.68% over the last month, showed a −3.41% decrease in three-month performance and has increased by 8.86% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPIB invests in bonds. See more details in our Analysis section.
SPIB expense ratio is 0.04%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPIB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SPIB pays dividends to its holders with the dividend yield of 4.41%.
SPIB trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPIB shares are issued by State Street Corp.
SPIB follows the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 10, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.