SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB is a compelling option for intermediate-term investment-grade corporate-bond market exposure, but there are cheaper alternatives that provide similar exposure. Under our enhanced ratings framework, which places a greater emphasis on fees, the strategy's Morningstar Analyst Rating has been downgraded to Bronze from Silver.
Will SPIB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPIB’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SPIB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SPIB’s parent organization’s priorities and whether they’re in line with investors’ interests.