SPDR Portfolio Long Term Corporate Bond ETF (SPLB) — ()
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SPLB: The Worst Of Both Worlds From A Macro Stand-Point
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Sentiment: Negative ()
SPLB offers diversified exposure to long-term US corporate bonds, with a focus on A and BBB credits and a 12.5-year duration. Current BBB spreads are near historic lows, limiting upside …
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About SPDR Portfolio Long Term Corporate Bond ETF SPLB
The SPDR Portfolio Long Term Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Long U.S. Corporate Index (the "Index")One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classesA low cost ETF that seeks to offer precise, comprehensive exposure to US corporate bonds that have a maturity greater than or equal to 10 yearsThe Index includes investment grade, fixed rate, taxable, US dollar denominated debt with $300 million of par outstanding, and is market cap weighted and reconstituted on the last business day of the month