SPIB ISSUER
The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is managed by SSGA Funds Management, Inc. (SSGA FM). SPIB aims to track the performance of the Bloomberg U.S. Intermediate Corporate Bond Index. Instead of purchasing all the securities in the Index, SPIB employs a sampling strategy to hold a portfolio with similar risk and return characteristics. The ETF typically invests at least 80% of its assets in the securities comprising the Index, focusing on investment-grade, fixed-rate, taxable U.S. dollar-denominated debt with maturities of 1 to 10 years, issued by various industrial, utility, and financial institutions. Additionally, SPIB may use derivatives to achieve its investment objectives and is rebalanced monthly. The Index is sponsored by Bloomberg Index Services Limited, an entity independent of the Fund and its Adviser.
SPIB DIVIDEND
While the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) primarily aims to track the Bloomberg U.S. Intermediate Corporate Bond Index, it does not focus on dividends as its main objective. Dividend distributions for this ETF are influenced by the underlying index's constituent companies' dividend policies and performances. Typically, these distributions occur on a periodic basis, and the frequency may vary based on the individual dividend policies of the included securities. Investors looking for a balance between fixed income investments and potential dividend returns may consider SPIB as it holds a portfolio of intermediate-term corporate bonds with generally similar risk and return characteristics to the index.
SPIB TRACKING
Tracking the Bloomberg U.S. Intermediate Corporate Bond Index is the primary objective of the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). This ETF employs a sampling strategy, allowing it to hold a subset of securities from the Index that mirrors its risk and return characteristics. Generally, SPIB invests at least 80% of its assets in the securities that make up the Index, along with securities with similar economic attributes. Additionally, SPIB may utilize derivatives and money market instruments to enhance its tracking ability. The Bloomberg U.S. Intermediate Corporate Bond Index measures the performance of U.S. corporate bonds with maturities greater than or equal to 1 year and less than 10 years, issued by industrial, utility, and financial institutions with $300 million or more par amount outstanding. While the ETF primarily focuses on the financial and industrial sectors, its portfolio composition may vary over time. The Index is rebalanced monthly and is not affiliated with the ETF or its advisor, State Street Global Advisors.
SPIB CORRELATION
The correlation aspect of the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is essential for understanding its performance within the realm of intermediate-term corporate bonds. SPIB seeks to track the Bloomberg U.S. Intermediate Corporate Bond Index, indicating a strong correlation with this specific bond segment. Investors often turn to SPIB for stable income and moderate risk exposure within their portfolios, as it provides a valuable component for diversification and income generation. For those interested in studying SPIB's correlations with other asset classes or sectors, our tool ETF Insider offers a web app with simple visualization tools that delve into deep and insightful data, showcasing areas of overlap and providing the information needed to make informed investment decisions.
SPIB SECTOR
The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) primarily focuses on the corporate bond sector. This ETF seeks to provide investors with exposure to intermediate-term investment-grade corporate bonds, helping them benefit from steady income generation and reduced interest rate risk. SPIB's portfolio typically includes a diverse selection of corporate bonds, with varying maturities, issued by both U.S. and non-U.S. companies. This sector concentration allows investors to access stable returns while maintaining a level of risk suitable for income-oriented portfolios.
SPIB EXPOSURE
The exposure characteristic of the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is centered around U.S. intermediate-term corporate bonds. SPIB seeks to replicate the performance of the Bloomberg U.S. Intermediate Corporate Bond Index, which comprises investment-grade, fixed-rate, U.S. dollar-denominated debt with maturities of greater than or equal to 1 year and less than 10 years. This ETF provides investors with exposure to a diversified portfolio of corporate bonds issued by both U.S. and non-U.S. industrial, utility, and financial institutions. SPIB's investment approach involves a sampling strategy, allowing it to hold a subset of the securities in the index while aiming to maintain similar risk and return characteristics. Investors looking for stable income with moderate risk in the corporate bond market can consider SPIB as part of their portfolio diversification strategy.
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