We have qualitatively reviewed this strategy and reaffirmed its Above Average Process and People ratings. SPDR Portfolio Intermediate Term Corporate Bond ETF has a low fee and broad scope that provide a strong foundation for its portfolio. The fund’s shorter duration and slight quality tilt can add to its performance edge and help cushion performance during major interest-rate and credit shocks. The following text is from July 3, 2023.
SPDR® Portfolio Interm Term Corp Bd ETF SPIB
Morningstar’s Analysis SPIB
Will SPIB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 1.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
State Street Institutional Liq State St Inst Liq Res Prem | 0.36 | 30.7 Mil | Cash and Equivalents |
JPMorgan Chase & Co. 5.717% | 0.27 | 22.8 Mil | Corporate |
Bank of America Corp. 5.288% | 0.26 | 22.0 Mil | Corporate |
Citigroup Inc. 5.449% | 0.19 | 16.1 Mil | Corporate |
Wells Fargo Bank, National Association 5.45% | 0.18 | 15.3 Mil | Corporate |
Bristol-Myers Squibb Company 3.25% | 0.16 | 13.9 Mil | Corporate |
Wells Fargo & Co. 5.707% | 0.16 | 13.8 Mil | Corporate |
Morgan Stanley 5.831% | 0.16 | 13.4 Mil | Corporate |
Goldman Sachs Group, Inc. 6.561% | 0.15 | 12.9 Mil | Corporate |
Bank of America Corp. 1.734% | 0.13 | 11.4 Mil | Corporate |