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SPDR Portfolio Intermediate Term Corporate Bond ETF
Ticker Symbol: SPIB CUSIP: 78464A375 Exchange: NYSEA
Company's Online Profile
FUND DESCRIPTION: SPDR Portfolio Intermediate Term Corporate Bond ETF, formerly SPDR Barclays Intermediate Term Corporate Bond ETF, formerly the SPDR Barclays Intermediate Term Credit Bond ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the SPDR Series Trust, an investment management company. INVESTMENT OBJECTIVE: The SPDR Portfolio Intermediate Term Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Intermediate US Corporate Index. INDEX DESCRIPTION: The Barclays Intermediate US Corporate Index is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years. The Index is a component of the Barclays Capital U.S. Corporate Index and includes investment grade, fixed-rate, taxable, U.S. dollar-denominated debt with $250 million or more par amount outstanding, issued by U.S. and non-U.S. industrial, utility, and financial institutions. Subordinated issues, securities with normal call and put provisions and sinking funds, medium-term notes (if they are publicly underwritten), 144A securities with registration rights, and global issues that are SEC-registered are included. Structured notes with embedded swaps or other special features, as well as private placements, floating-rate securities, and Eurobonds are excluded from the Index. The Index is rebalanced monthly, on the last business day of the month. As of September 30, 2010, there were approximately 2,533 securities in the Index and the modified adjusted duration of securities in the Index was approximately 4.53 years. FUND STRATEGY: The Fund uses a passive management strategy designed to track the total return performance of the Index. In seeking to track the performance of the Index, the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. It is generally expected to hold less than the total number of securities in the Index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund's investment objective. Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index or in securities that is determined to have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. In addition, the Fund may invest in securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. FUND MANAGEMENT: SSgA FM serves as the investment adviser to the Fund.
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IPO - 2/10/2009 -
Link to IPO Prospectus
Previous Ticker Symbol: ITR Changed: 10/16/2017
Previous Name: SPDR Barclays Intermediate Term Corporate Bond ETF Changed: 10/16/2017
Small Cap Stock -
Market Value $238.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Lincoln Street, Boston, MA 02111 |
| Main Phone Number |
866-787-2257 |
| Fax Number |
Not Available |
| Investor Contact
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866-787-2257
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| Toll Free Phone Number |
866-787-2257 |
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