SPIB
SPDR Portfolio Intermediate Term Corporate Bond ETF
SPDR Barclays Intermediate Term Corporate Bond ETF is an exchange-traded fund incorporated in the USA, The Fund's objective is to provide investment results that correspond generally to the total return performance of the Barclays Intermediate U.S. Corporate Index.
Corporate
FIXED INCOME
Passive
MANAGEMENT STYLE
9.1 B
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA Funds Management Inc |
| Category | Corporate |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Feb 10, 2009 |
| Assets (mns) | $9,080 |
| Expense ratio | 4 bp |
Constituent Breakdown
| No. of constituents | 4,470 |
| No. of distinct issuers | 1,083 |
| Coverage | 99% |
| Fixed/floating rate | 83% / 17% |
| Investment grade | 98% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 87% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| US DOLLAR | 0.4 % |
| JPMORGAN CHASE & CO 5.576% 2036-07-23 | 0.3 % |
| CITIGROUP INC 4.643% 2028-05-07 | 0.2 % |
| MORGAN STANLEY BANK NA 4.447% 2027-10-15 | 0.2 % |
| BANK OF AMERICA CORP 5.464% 2036-05-09 | 0.2 % |
| GOLDMAN SACHS GROUP INC 1.948% 2027-10-21 | 0.2 % |
| HSBC HOLDINGS PLC 5.79% 2036-05-13 | 0.1 % |
| MORGAN STANLEY PVT BANK 4.734% 2031-07-18 | 0.1 % |
| BANK OF NY MELLON CORP 4.441% 2028-06-09 | 0.1 % |
| GOLDMAN SACHS GROUP INC 2.64% 2028-02-24 | 0.1 % |
Issuer Type Breakdown
Top Issuers
| BANK OF AMERICA CORPORATION | 2.7 % |
| JPMORGAN CHASE & CO. | 2.4 % |
| MORGAN STANLEY | 2.2 % |
| CITIGROUP INC. | 1.8 % |
| WELLS FARGO & COMPANY | 1.5 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.4% | 0.5% | 3.8% | 2.7% | -1.6% | 0.0% | -- | 0.6% |
| Dividend Yield | 1.9% | 2.6% | 3.7% | 3.7% | 2.8% | 2.9% | -- | 3.1% |
| Total Returns | 5.4% | 3.2% | 7.5% | 6.3% | 1.2% | 2.9% | -- | 3.7% | Ann. Volatility | 3.7% | 3.9% | 4.0% | 4.6% | 4.5% | 4.6% | -- | 4.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.22 | 37% |
| MSCI EAFE | 0.23 | 50% |
| MSCI Emg Mkts | 0.21 | 46% |
Liquidity Measures
| Avg. volume (000) | 4,943 |
| ADV traded (mns) | $168 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| Recent close | $34.08 |
| 30d moving avg. | $33.87 |
| Annualized volatility | 4.8% |
| Relative strength (RSI) | 66 |
| Short interest | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
4.5 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
4.4%
ⓘ Our analysis shows this fund is likely to be relatively insensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
SPIB
3.8%
Cat. Avg
3.7%
Fund Category: Corporate
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 4 bp |
| Equals: ALTAR Score™ | 3.8% |
ALTAR Score™ vs. Duration (Corporate Bond ETFs)
Expense Analysis
| Peer Group | Passive Corporate Fixed Income ETFs |
| # of ETFs | 24 |
| Avg. Expense Ratio | 19.3 bp |
| Std. Deviation | 17.4 bp |
| SPIB (4 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPIB | 4.0 | 3.0 | 7.0 |
| Peer Avg. | 19.3 | 9.5 | 28.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .