Symbols

SPIB

State Street SPDR Portfolio Intermediate Term Corporate Bond ETF·ARCA

--(--)

Key Stats

Assets Under Management

11.03BUSD

Fund Flows (1Y)

724.56MUSD

Dividend Yield

4.41%

Discount/Premium to NAV

-0.03%

Shares Outstanding

325.60M

Expense Ratio

0.04%

About State Street SPDR Portfolio Intermediate Term Corporate Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-portfolio-intermediate-term-corporate-bond-etf-spib

Inception Date

Feb 10, 2009

Structure

Open-Ended Fund

Index Tracked

Bloomberg U.S. Intermediate Corporate Bond 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)

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.