How to adjust your charts for dividend paymentsBond funds like the SPDR Portfolio Mortgage Backed Bond ETF (SPMB) often look like money-losers when you view their returns on a non-adjusted basis. In this case, the price is down about -0.74% over the life of the fund.
The picture looks very different when you adjust for dividends. For SPMB, the
Key stats
About SPDR Portfolio Mortgage Backed Bond ETF
Home page
Inception date
Jan 15, 2009
Structure
Open-Ended Fund
Replication method
Physical
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)
SPMB delivers excellent coverage of US agency mortgage pass-through debt. The fund holds bonds backed by pools of mortgages held by Fannie Mae, Freddie Mac and Ginnie Mae. The underlying index is formed by grouping securities based on agency, program, coupon and origination year. Most mortgage pass-through securities occur through TBA transactions, as such the fund will hold such contracts on a regular basis. To be included in the index securities must meet minimum maturity and liquidity requirements. SPMB is heavily weighted toward the 10+ year market segment. The fund uses a sampling strategy, which means the fund may not purchase all of the securities in the underlying index. However, the fund portfolio is expected to generally provide a similar investment profile. In all, however, SPMB covers this niche market in a very viable package. Prior to September 23, 2019 the fund traded under the ticker MBG.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized91.61%
Mutual fund7.78%
Agency0.55%
Miscellaneous0.05%
Cash0.01%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPMB trades at 21.66 USD today, its price has risen 0.18% in the past 24 hours. Track more dynamics on SPMB price chart.
SPMB net asset value is 21.77 today — it's fallen 0.93% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPMB assets under management is 5.96 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPMB price has fallen by −0.18% over the last month, and its yearly performance shows a 1.36% increase. See more dynamics on SPMB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.93% over the last month, have fallen by −0.93% over the last month, showed a −0.69% decrease in three-month performance and has increased by 6.75% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.93% over the last month, have fallen by −0.93% over the last month, showed a −0.69% decrease in three-month performance and has increased by 6.75% in a year.
SPMB fund flows account for 798.61 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPMB invests in bonds. See more details in our Analysis section.
SPMB expense ratio is 0.04%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPMB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPMB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPMB shows the sell signal. See more of SPMB technicals for a more comprehensive analysis.
Today, SPMB technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPMB shows the sell signal. See more of SPMB technicals for a more comprehensive analysis.
Yes, SPMB pays dividends to its holders with the dividend yield of 3.81%.
SPMB trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPMB shares are issued by State Street Corp.
SPMB follows the Bloomberg US Aggregate Securitized - MBS. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 15, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.