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IBND

SPDR® Bloomberg Barclays International Corporate Bond ETF

Fund Objective

The SPDR® Bloomberg Barclays International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Global Aggregate ex-USD > $1B: Corporate Bond Index.

Ordinary brokerage commissions may apply.

Fund Information

As of   12/05/2016
Ticker Symbol IBND
Primary Benchmark Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index
CUSIP 78464A151
Options Available No
Gross Expense Ratio

The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.50%
Inception Date 05/19/2010
Investment Manager SSGA Funds Management, Inc.
Sub-advisor State Street Global Advisors Limited
Distributor State Street Global Markets, LLC
Distribution Frequency Monthly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   12/01/2016
Average Coupon

 Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio

2.79%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bonds and the average time to receipt of all principal payments for amortizing instruments, including mortgage pass-throughs, CMOs, amortizing asset-backed securities and ARMs.

6.89
Average Price $109.14
Average Spread 104.1
Average Yield To Worst

For callable and/or puttable securities, the minimum value of the yield to maturity, yield to put, and yield to call. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

0.95%
Current Yield

 Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

2.46%
Modified Adjusted Duration

Modified Adjusted Duration

An option-adjusted measure of a portfolio's sensitivity to changes in interest rates.  Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield.

5.97 years
Number of Holdings 542
Yield To Maturity

Average Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

0.96%

Yields

As of   12/01/2016
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

0.39%
Fund Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

0.01%

Index Characteristics

As of   12/01/2016
Average Coupon 2.71%
Average Maturity in Years 6.88
Average Price $108.55
Average Spread 104.7
Average Yield To Worst 0.96%
Current Yield 2.40%
Modified Adjusted Duration 5.99 years
Number of Holdings 586
Yield To Maturity 0.96%

Fund Documents

Fund Market Price

As of   12/01/2016
Bid/Ask $30.75
Closing Price $30.68
Day High $30.82
Day Low $30.59
Exchange Volume (shares) 8,222
Premium/Discount

Premium/Discount to NAV

Premium/Discount to NAV shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask – Closing NAV)  /  Closing NAV * 100)

0.21%
Premium Discount to Nav Chart

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of   12/01/2016
NAV $30.69
Shares Outstanding 4.70 M
Total Net Assets $144.22 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   12/01/2016
Net Cash Amount $1,572,073.46

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

Performance Graphs

Month End as of 10/31/2016

Fund Inception Date: 05/19/2010

Index Inception Date: 05/19/2010

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Fund Top Holdings

Subject to change.

As of   12/01/2016
Name Weight Market Value ISIN
VODAFONE GROUP PLC 2.2 08/25/2026 0.77 % 1,111,710.50 XS1372839214
ANHEUSER-BUSCH INBEV NV 1.5 04/18/2030 0.71 % 1,025,462.24 BE6276040431
DANONE SA 2.25 11/15/2021 0.64 % 926,397.86 FR0011625409
PANASONIC CORP 0.387 03/19/2020 0.61 % 880,322.96 JP386680AF35
CREDIT SUISSE AG LONDON 4.75 08/05/2019 0.54 % 784,992.11 XS0444030646
COOPERATIEVE RABOBANK UA 4.125 07/14/2025 0.52 % 744,331.01 XS0525602339
HSBC HOLDINGS PLC 2.5 03/15/2027 0.48 % 696,326.67 XS1379184473
DEUTSCHE BANK AG 1.125 03/17/2025 0.47 % 681,904.54 DE000DB7XJP9
SANOFI 1.75 09/10/2026 0.47 % 678,948.09 FR0012146801
COOPERATIEVE RABOBANK UA 1.75 01/22/2019 0.46 % 670,761.60 XS1020295348
Download All Holdings XLS

Index Top Holdings

As of 12/01/2016
Name Weight isin
COOPERATIEVE RABOBANK UA 4.125 01/14/2020 0.52 % XS0478074924
COOPERATIEVE RABOBANK UA 4.75 01/15/2018 0.48 % XS0339454851
COOPERATIEVE RABOBANK UA 4.125 07/14/2025 0.45 % XS0525602339
COOPERATIEVE RABOBANK UA 4.75 06/06/2022 0.41 % XS0304159576
ANHEUSER-BUSCH INBEV NV 2 03/17/2028 0.40 % BE6285455497
ANHEUSER-BUSCH INBEV NV 2.75 03/17/2036 0.38 % BE6285457519
CREDIT SUISSE AG LONDON 4.75 08/05/2019 0.37 % XS0444030646
CITIGROUP INC 5 08/02/2019 0.37 % XS0197646218
ORANGE SA 8.125 01/28/2033 0.36 % FR0000471930
PFIZER INC 6.5 06/03/2038 0.36 % XS0432072022

Fund Sector Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</asOfDate><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>48.004691</rawValue><value>48.00%</value><label>Corporate - Finance</label><order>1</order></attribute><attribute><rawValue>45.942182</rawValue><value>45.94%</value><label>Corporate - Industrial</label><order>2</order></attribute><attribute><rawValue>5.78205</rawValue><value>5.78%</value><label>Corporate - Utility</label><order>3</order></attribute><attribute><rawValue>0.271077</rawValue><value>0.27%</value><label>Cash</label><order>4</order></attribute></attributes></component>

Index Sector Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</asOfDate><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>48.133501</rawValue><value>48.13%</value><label>Corporate - Finance</label><order>1</order></attribute><attribute><rawValue>46.095219</rawValue><value>46.10%</value><label>Corporate - Industrial</label><order>2</order></attribute><attribute><rawValue>5.77128</rawValue><value>5.77%</value><label>Corporate - Utility</label><order>3</order></attribute></attributes></component>

Fund Quality Breakdown

Quality Breakdown

Bloomberg Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Bloomberg Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of  12/01/2016
Aaa 1.26%
Aa 19.83%
A 43.40%
Baa 35.52%

Index Quality Breakdown

Quality Breakdown

Bloomberg Barclays uses the "middle rating" of Moody's, S&P, and Fitch to determine a security's index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Bloomberg Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of  12/01/2016
Aaa 1.00%
Aa 19.98%
A 43.03%
Baa 36.00%

Fund Maturity Ladder

As of  12/01/2016
0 - 1 Year 0.27%
1 - 2 Years 7.56%
2 - 3 Years 10.66%
3 - 5 Years 25.93%
5 - 7 Years 22.16%
7 - 10 Years 18.18%
10 - 15 Years 7.50%
15 - 20 Years 3.10%
20 - 30 Years 4.22%
> 30 Years 0.41%

Index Maturity Ladder

As of  12/01/2016
1 - 2 Years 8.19%
2 - 3 Years 10.72%
3 - 5 Years 25.05%
5 - 7 Years 22.70%
7 - 10 Years 17.36%
10 - 15 Years 8.00%
15 - 20 Years 3.66%
20 - 30 Years 3.83%
> 30 Years 0.48%

Fund Country Weights

As of  12/01/2016
United States 25.88%
France 14.96%
United Kingdom 12.83%
Germany 9.97%
Netherlands 7.76%
Italy 6.00%
Switzerland 5.56%
Spain 5.01%
Australia 2.50%
Sweden 2.39%
Belgium 2.10%
Japan 1.80%
Israel 0.75%
Norway 0.58%
Mexico 0.57%
Denmark 0.54%
Hong Kong 0.53%
Portugal 0.24%
India 0.16%
Finland 0.15%
Canada 0.15%
European Union -0.42%

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays International Corporate Bond ETF.

Prior to 10/31/2016, the SPDR Bloomberg Barclays International Corporate Bond ETF was known as the SPDR Barclays International Corporate Bond ETF. Index prior to 10/31/2016 was known as the Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index. Index after 10/31/2016 is known as the Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index.

No Team Members exists.

After Tax Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index

The Bloomberg Barclays Global Aggregate ex-USD >$1B: Corporate Bond Index is designed to be a broad based measure of the global investment-grade, fixed rate, fixed income corporate markets outside the United States. The Index is part of the Bloomberg Barclays Global ex-USD Aggregate Bond Index (the "Aggregate Index"). The major components of the Aggregate Index are the Pan-European Aggregate and the Asian Pacific Aggregate Indices. The Aggregate Index also includes Euro-Dollar and Euro-Yen corporate bonds, Canadian government, agency and corporate securities. The securities in the Index must have a minimum $1 billion market capitalization outstanding and at least 1 year remaining to maturity and must reflect specified regional liquidity constraints. Securities must be fixed rate, although zero coupon bonds and step-ups are permitted. Additionally, securities must be rated investment grade (Baa3/BBB- or higher) by at least two of the rating agencies (Moody's Investor Service, Inc., Standard & Poor's, Inc. and Fitch Inc.). Excluded from the Index are subordinated debts, convertible securities, floating-rate notes, fixed-rate perpetuals, warrants, linked bonds, and structured products. The Index is market capitalization weighted and the securities in the Index are updated on the last business day of each month.

Important Risk Information

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; issuer credit risk; liquidity risk; and inflation risk. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.

Non-diversified funds that focus on a relatively small number of issuers tend to be more volatile than diversified funds and the market as a whole.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Premium Discount to NAV

As of  12/01/2016
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Bloomberg Barclays International Corporate Bond ETF IBND $30.69 $30.68 $30.75 0.21%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.