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 1.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
State Street Institutional Liq State St Inst Liq Res Prem | 0.32 | 27.8 Mil | Cash and Equivalents |
Bank of America Corp. 5.288% | 0.23 | 19.6 Mil | Corporate |
JPMorgan Chase & Co. 5.717% | 0.22 | 18.8 Mil | Corporate |
Citigroup Inc. 5.449% | 0.18 | 15.3 Mil | Corporate |
Wells Fargo & Co. 5.707% | 0.15 | 12.7 Mil | Corporate |
Bristol-Myers Squibb Company 3.25% | 0.14 | 12.1 Mil | Corporate |
Morgan Stanley 1.512% | 0.14 | 11.9 Mil | Corporate |
HSBC Holdings PLC 8.113% | 0.13 | 11.4 Mil | Corporate |
WarnerMedia Holdings Inc. 4.279% | 0.13 | 11.3 Mil | Corporate |
Bank of America Corp. 1.734% | 0.13 | 11.2 Mil | Corporate |