Profile
Assets class:
EquityAssets under management:
$9 BAverage volume:
$4 MDomicile:
USExpense ratio:
0.04%Inception date:
20 February 2009Website:
http://www.ssga.comLast dividends:
03 September 2024Next dividends:
N/ATop countries
Dividend yield TTM
SPIB Latest News
SPIB is an ETF that holds a portfolio of U.S. investment grade corporate bonds with a yield of nearly 6%. The fund's price has declined since 2021 due to rising interest rates, but it has outperformed its longer duration peer. Despite low credit risk, SPIB's fund price can still fall sharply in market turmoil, but these negative spikes can be buying opportunities for long-term investors.
What is SPIB ETF?
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The 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.
What is SPIB assets class?
Assets class of SPIB ETF is 'Equity'
What is SPIB assets under management?
Assets under management of SPIB ETF is $9 B
What is SPIB average volume?
Average volume of SPIB ETF is $4 M
What is SPIB domicile?
Domicile of SPIB ETF is US
What is SPIB expense ratio?
Expense ratio of SPIB ETF is 0.04%
What is SPIB inception date?
Inception date of SPIB ETF is 20 February 2009
What is SPIB website?
Website of SPIB ETF is https://www.ssga.com/us/en/institutional/etfs/funds/spdr-portfolio-intermediate-term-corporate-bond-etf-spib