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About SPDR Portfolio Corporate Bond ETF
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Inception date
Apr 6, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
SPBO holds a broad portfolio of industrial, financial, and utilities investment-grade corporate bonds denominated in USD. The fund ranks issuers using financial statement ratios and weights them accordingly. It weights specific issues by their market values within each issuer bucket. The fund uses a sampling method in tracking its index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced monthly. Prior to September 23, 2019, the fund traded under the ticker CBND.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.87%
Mutual fund0.12%
Securitized0.00%
Stock breakdown by region
North America90.18%
Europe6.28%
Asia2.81%
Oceania0.71%
Latin America0.02%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPBO invests in bonds. The fund's major sectors are Corporate, with 99.87% stocks, and Securitized, with 0.00% of the basket. The assets are mostly located in the North America region.
SPBO top holdings are Bank of America Corporation 3.593% 21-JUL-2028 and JPMorgan Chase & Co. 3.54% 01-MAY-2028, occupying 0.35% and 0.31% of the portfolio correspondingly.
SPBO last dividends amounted to 0.13 USD. The month before, the issuer paid 0.12 USD in dividends, which shows a 0.15% increase.
SPBO assets under management is 1.52 B USD. It's fallen 8.58% over the last month.
SPBO fund flows account for 106.64 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPBO pays dividends to its holders with the dividend yield of 5.33%. The last dividend (May 6, 2025) amounted to 0.13 USD. The dividends are paid monthly.
SPBO shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Apr 6, 2011, and its management style is Passive.
SPBO expense ratio is 0.03% meaning you'd have to pay 0.03% of your investment to help manage the fund.
SPBO follows the Bloomberg US Corporate Investment Grade. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPBO invests in bonds.
SPBO price has risen by 0.07% over the last month, and its yearly performance shows a −0.91% decrease. See more dynamics on SPBO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.55% decrease in three-month performance and has increased by 4.23% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.55% decrease in three-month performance and has increased by 4.23% in a year.
SPBO trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.