SPLB ISSUER
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is managed by State Street Global Advisors. This ETF seeks to track the performance of the Bloomberg U.S. Long Term Corporate Bond Index. State Street Global Advisors employs a sampling strategy for SPLB, meaning it doesn't need to purchase all the securities in the index. Instead, it acquires a subset of the securities that replicate the risk and return characteristics of the index. SPLB primarily invests in investment-grade, fixed-rate, taxable, U.S. dollar-denominated debt with maturities of 10 years or more, issued by U.S. and non-U.S. industrial, utility, and financial institutions.
SPLB DIVIDEND
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) may not be primarily focused on dividends, but it does distribute dividends based on the performance of the Bloomberg U.S. Long Term Corporate Bond Index. These dividend distributions typically follow a periodic schedule, influenced by the interest payments received from the underlying corporate bonds in the index. While SPLB is more geared towards long-term corporate bond investments, investors can still benefit from periodic income distributions, making it an option for those seeking both capital preservation and income generation.
SPLB TRACKING
Tracking the Bloomberg U.S. Long Term Corporate Bond Index is the primary objective of the SPDR Portfolio Long Term Corporate Bond ETF (SPLB). SPLB employs a sampling strategy, allowing it to hold a subset of the securities within the Index, striving to replicate its risk and return characteristics. This ETF typically invests at least 80% of its total assets in securities included in the Index, with the option to allocate assets to other debt securities, cash equivalents, and money market instruments. The Bloomberg U.S. Long Term Corporate Bond Index measures the performance of U.S. corporate bonds with maturities of 10 years or more, issued by industrial, utility, and financial institutions. SPLB offers investors an efficient means to gain exposure to long-term corporate bonds in the U.S. market.
SPLB CORRELATION
The correlation aspect of the SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is crucial for investors seeking exposure to the long-term U.S. corporate bond market. SPLB aims to track the Bloomberg U.S. Long Term Corporate Bond Index, and its correlation with the performance of this index is expected to be strong. Understanding this correlation helps investors assess how SPLB behaves in relation to long-term corporate bonds, making it a valuable tool for those looking to diversify their fixed-income portfolios. To delve deeper into SPLB's correlations with various market factors and asset classes, ETF Insider offers a web app with robust visualization tools that allow investors to gain valuable insights and identify potential overlaps with other investment options within the U.S. ETF landscape.
SPLB SECTOR
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) primarily focuses on the corporate bond sector with an emphasis on long-term maturities. The fund aims to track the performance of the Bloomberg U.S. Long Term Corporate Bond Index, which includes investment-grade, fixed-rate, taxable corporate bonds with maturities of greater than or equal to 10 years. As of its last update in August 2022, the ETF's holdings were concentrated in the industrial and financial sectors, reflecting the composition of the index it tracks. Investors looking for exposure to long-term corporate bonds can consider SPLB as it offers diversified access to this specific sector within the fixed-income market.
SPLB EXPOSURE
The exposure characteristic of the SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is primarily centered on long-term corporate bonds within the U.S. fixed-income market. SPLB seeks to track the performance of the Bloomberg U.S. Long Term Corporate Bond Index, focusing on investment-grade, fixed-rate, taxable, U.S. dollar-denominated debt with maturities of 10 years or more. This ETF offers investors an opportunity to gain exposure to a diversified portfolio of long-term corporate bonds, primarily within the industrial and financial sectors, providing income potential and the stability of high-quality corporate debt.
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