EBND ISSUER
The SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) is managed by SSGA Funds Management, Inc. (SSGA FM), serving as the fund's investment adviser. EBND seeks to track the performance of the Bloomberg EM Local Currency Government Diversified Index through a sampling strategy. This strategy allows the fund to achieve a portfolio of securities with similar risk and return characteristics to the index without purchasing all of its constituent securities. Under normal market conditions, EBND typically invests at least 80% of its total assets in securities from the index and securities with economic characteristics resembling those in the index.
EBND DIVIDEND
The SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) offers investors exposure to emerging market bonds, which may not be traditionally associated with dividends. However, EBND does have a dividend distribution component, with payouts generally occurring on a periodic basis, reflecting the interest income earned from its holdings. The eligibility for these dividends is contingent on the interest payments received by the underlying bonds within the ETF's portfolio. Investors seeking a combination of potential capital gains and income from emerging market debt may find EBND to be a suitable option, as it aligns with their investment objectives.
EBND TRACKING
The Invesco Emerging Markets Local Currency Bond ETF, known as EBND, tracks the performance of the Bloomberg EM Local Currency Government Diversified Index. To achieve this, the fund employs a sampling strategy, where it doesn't need to purchase all of the securities in the Index but aims to hold a subset of securities with similar risk and return characteristics. EBND primarily invests in government bonds issued by both investment grade and non-investment grade emerging market countries, denominated in local currencies, with maturities of one year or more. Additionally, the ETF may invest in debt securities not included in the Index, cash equivalents, and employ currency hedging strategies to align its performance with the Index's objective. As of February 28, 2023, the Index was comprised of approximately 622 securities and was calculated by Bloomberg Index Services Limited, which is independent of the ETF and its adviser.
EBND CORRELATION
The correlation aspect of the SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) is essential for understanding its performance relative to the broader emerging markets debt landscape. This ETF aims to track the Bloomberg EM Local Currency Government Diversified Index, which includes government bonds from both investment grade and non-investment grade emerging market countries. As a result, EBND's correlation is influenced by various factors, including interest rate movements in these countries, currency fluctuations, and credit quality. Investors looking to assess EBND's correlation with other assets or gauge its sensitivity to global economic conditions can utilize the ETF Insider web app. This tool provides comprehensive insights into EBND's correlation patterns and helps investors make informed decisions about their portfolio allocation strategies.
EBND SECTOR
The SPDR Bloomberg Barclays Emerging Markets Local Bond ETF (EBND) primarily invests in fixed-rate local currency sovereign debt of emerging market countries. This ETF aims to track the performance of the Bloomberg EM Local Currency Government Diversified Index. It includes government bonds issued by both investment-grade and non-investment-grade countries outside the United States, denominated in local currencies, with maturities of one year or more. EBND offers exposure to a diverse range of emerging market countries and their sovereign debt, providing investors with potential opportunities in these markets while also considering currency fluctuations and credit quality.
EBND EXPOSURE
The exposure characteristic of the ProShares ProShares Europe 30 Dividend Aristocrats ETF (EBND) primarily focuses on European developed market countries. This ETF is designed to track the performance of the MSCI Europe 30 Dividend Aristocrats Index, which includes companies from various European countries. It targets firms that have consistently increased dividend payments for at least 10 consecutive years, providing investors with exposure to stable and growing dividend stocks across sectors in the European equity market.