Symbols

LQIG

State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF·NYSE

--(--)

Key Stats

Assets Under Management

28.76MUSD

Fund Flows (1Y)

14.24MUSD

Dividend Yield

5.02%

Discount/Premium to NAV

0.12%

Shares Outstanding

300.00K

Expense Ratio

0.09%

About State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-marketaxess-investment-grade-400-corporate-bond-etf-lqig

Inception Date

May 11, 2022

Structure

Open-Ended Fund

Index Tracked

MarketAxess U.S. Investment Grade 400 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)

LQIG tracks an index that invests in USD denominated, investment grade corporate bonds. To be eligible for inclusion in the index, bonds must have $300 million or more of par amount outstanding, have a remaining maturity of at least 2 years, and have a fixed rate or zero percent coupon. The fund utilizes MarketAxess' proprietary technologies to determine eligibility. The firm's Composite+ pricing engine, which determines availability of bid and price valuations and Relative Liquidity Score rates a bond's liquidity relative to bonds with similar risk and return characteristics. This filters the universe to only those with greater levels of liquidity. Once filtered, the bonds are ranked by par value face amount from highest to lowest, and the top 400 bonds are selected and market value-weighted. Single issuers are capped at 4%. The Index is rebalanced and reconstituted monthly.