Symbols

EBND

SPDR Bloomberg Emerging Markets Local Bond ETF·ARCA

--(--)

Key Stats

Assets Under Management

2.30BUSD

Fund Flows (1Y)

279.50MUSD

Dividend Yield

5.97%

Discount/Premium to NAV

0.20%

Shares Outstanding

105.70M

Expense Ratio

0.30%

About SPDR Bloomberg Emerging Markets Local Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/spdr-bloomberg-emerging-markets-local-bond-etf-ebnd

Inception Date

Feb 23, 2011

Structure

Open-Ended Fund

Index Tracked

Bloomberg EM Local Currency Government Diversified Index

Management Style

Passive

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)

EBND provides a rather plain-vanilla exposure to emerging-market sovereign debts. The fund tracks a broad, market-value-weighted index of bonds maturing in more than one year that are denominated in local currencies, excluding securities rated B or lower. The exclusion of the ultra-short-term end of the market makes it a relatively incomplete view of the broad market. EBND's market-value weighting scheme means the largest—and generally most liquid—bonds get the heftiest allocations. Nevertheless, institutions are unlikely to get better executions even if they work closely with market makers. In all, EBND is accessible, but due to the nature of the underlying securities it is typically not a viable trading vehicle.