SPLB Profile
The SPDR Portfolio Long Term Corporate Bond ETF is an exchange-traded fund that seeks to deliver investment returns that closely align with the performance of an index comprised of long-term U.S. corporate bonds. The fund is committed to investing at least 80% of its total assets in securities that are part of the index or those that exhibit economic characteristics substantially identical to the index components. This investment strategy ensures that the fund’s performance remains closely tied to the index it aims to track.
The index monitored by the ETF is designed to reflect the performance of U.S. corporate bonds with maturities of ten years or more. This focus on long-term bonds allows the ETF to provide exposure to corporate debt securities with extended durations, which can offer higher yields compared to shorter-term bonds. The longer maturity profile can also introduce increased sensitivity to interest rate changes, influencing the bond’s price and yield.
The ETF is managed to closely replicate the index's performance, involving investment in a diverse array of long-term corporate bonds. The management strategy includes regular adjustments to the fund’s holdings to maintain alignment with the index’s composition and to adapt to changes in market conditions. By holding long-term corporate bonds, the ETF aims to deliver higher income potential while offering investors access to the creditworthiness of established corporate issuers.
Listed on major stock exchanges, the SPDR Portfolio Long Term Corporate Bond ETF provides investors with liquidity and transparency. Shares of the ETF can be traded throughout the trading day at market prices, akin to other equities and ETFs. The fund's detailed performance metrics, holdings, and other relevant information are updated regularly, enabling investors to monitor their investments and make informed decisions based on current market dynamics and interest rate expectations.
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