SPIB Profile
The SPDR Portfolio Intermediate Term Corporate Bond ETF is an exchange-traded fund that seeks to provide investment results that closely correspond to the performance of an index comprised of U.S. corporate bonds. The fund is committed to investing at least 80% of its total assets in securities that are components of the index, or in securities that exhibit economic characteristics substantially identical to those of the index components. This approach ensures that the fund’s investment strategy remains closely aligned with the index it tracks.
The index itself is designed to reflect the performance of intermediate-term U.S. corporate bonds, specifically those with maturities ranging from one year to less than ten years. By focusing on this segment of the bond market, the ETF aims to offer investors exposure to high-quality corporate debt securities with intermediate maturities, providing a balance between risk and return.
The ETF is managed with a goal to replicate the performance of the index as closely as possible. This involves investing in a diverse array of corporate bonds that meet the criteria of the index, thereby offering investors a broad exposure to intermediate-term corporate credit. The fund's strategy also includes periodic rebalancing to maintain alignment with the index’s composition and to manage any deviations.
In addition to its core investment strategy, the SPDR Portfolio Intermediate Term Corporate Bond ETF is designed to offer liquidity and transparency. As an exchange-traded fund, it is listed on major stock exchanges, allowing for real-time trading and easy access for investors. The fund’s performance, holdings, and other key metrics are regularly updated, providing investors with up-to-date information to make informed investment decisions.
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