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Home   »   ETFs : SPDR® Barclays Mortgage Backed Bond ETF (MBG)
MBG

SPDR® Barclays Mortgage Backed Bond ETF

Fund Objective

The SPDR® Barclays Mortgage Backed Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays U.S. MBS Index.

Ordinary brokerage commissions may apply.

Fund Information

As of 04/16/2014
Ticker SymbolMBG
Primary BenchmarkBarclays U.S. MBS Index
CUSIP78464A383
Short Selling AllowedYes
Options AvailableNo
Gross Expense Ratio

Includes Acquired Fund Fees and Expenses of 0.12%.  Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the Fees and Expenses incurred by investing in other investment companies, including affiliated investment companies. 

 

 

0.32%
Inception Date01/15/2009
Investment ManagerSSgA Funds Management, Inc.
Management TeamMortgage Backed Bond ETF Management Team
DistributorState Street Global Markets, LLC
Distribution FrequencyMonthly
ExchangeNYSE ARCA EXCHANGE

Fund Characteristics

As of 04/14/2014
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.

7.71
Average Price$104.08
Average Spread27.3
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.
3.00%
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.

2.89%
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.

Index Dividend Yield is the weighted average of the underlyings’ indicated annual dividend divided by price, expressed as a percentage.

1.36%
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.

5.35 years
Number of Holdings110
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.

3.00%

30 DAY SEC YIELD

As of 04/14/2014
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.

2.15%

Index Characteristics

As of 04/14/2014
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.

7.43
Average Price$104.45
Average Spread36.2
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.
3.01%
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.

3.71%
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.

5.36 years
Number of Holdings426
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.

3.01%

Fund Documents

Fund Market Price

As of 04/14/2014
Bid/Ask$27.02
Closing Price$27.00
Day High$27.00
Day Low$26.96
Exchange Volume (shares)244
Premium/Discount-0.12%
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 04/14/2014
Price$27.05
Shares Outstanding4.20 M
Total Net Assets$113.62 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of 04/14/2014
Net Cash Amount$388,716.27

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 03/31/2014

Fund Inception Date: 01/15/2009

Index Inception Date: 01/15/2009

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Quarter End as of 03/31/2014

Fund Inception Date: 01/15/2009

Index Inception Date: 01/15/2009

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; Barclays Mortgage Backed Bond ETF" bmarkName="Barclays U.S. MBS Index"><funds><field>1 Month</field><fund>-0.36</fund><index>-0.32</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>1.49</fund><index>1.59</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>1.49</fund><index>1.59</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>0.00</fund><index>0.20</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>2.49</fund><index>2.76</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>3.52</fund><index>3.57</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund></fund><index>N/A</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>3.59</fund><index>3.68</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings
Subject to change.

As of 04/14/2014
NameWeightMarket ValueIsin
Fannie Mae 4.5 12/31/20496.77%7,722,450.00US01F0426571
Fannie Mae 3.5 12/31/20496.31%7,198,832.99US01F0326581
Freddie Mac 4 12/31/20495.96%6,797,826.39US02R0406568
Freddie Mac 3.5 12/31/20495.73%6,535,753.65US02R0326535
Freddie Mac 3 12/31/20494.83%5,517,967.71US02R0304599
Fannie Mae 4 12/31/20494.31%4,917,554.51US01F0406516
Fannie Mae 3 12/31/20493.33%3,796,365.63US01F0306526
Freddie Mac 4.5 12/31/20492.82%3,218,625.00US02R0426525
Fannie Mae 3.5 12/31/20492.49%2,842,631.25US01F0326581
Government National Mortgage A 3.5 12/31/20492.35%2,682,456.60US21H0326544
Download All Holdings XLS

Index Top Holdings

As of 04/14/2014
NameWeight
Federal National Mortgage Association 3.5 01/01/20423.80%
Federal National Mortgage Association 3 07/01/20423.63%
Federal National Mortgage Association 3 01/01/20433.20%
Government National Mortgage Association 3.5 04/01/20422.96%
Federal National Mortgage Association 4 08/01/20432.38%
Federal National Mortgage Association 3.5 04/01/20432.24%
Government National Mortgage Association 3 09/01/20422.04%
Government National Mortgage Association 3 02/01/20431.97%
Federal National Mortgage Association 4.5 10/01/20381.92%
Federal Home Loan Mortgage Corporation 3 06/01/20421.92%

Fund Sector Allocation

As of 04/14/2014
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Index Sector Allocation

As of 04/14/2014
<?xml version="1.0" encoding="UTF-8" standalone="yes"?><component><asOfDate>04/14/2014</asOfDate><attributes><attribute><rawValue>100.0</rawValue><value>100.00%</value><label>MORTGAGE BACKED SECURITIES</label><order>1</order></attribute></attributes><code>BMARK_SECTOR_ALLOCTAION</code></component>

Fund Quality Breakdown

Quality Breakdown

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.  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 04/14/2014
Aaa100.00%

Index Quality Breakdown

Quality Breakdown

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.  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 04/14/2014
Aaa100.00%

Fund Maturity Ladder

As of 04/14/2014
0.00-1.00 Years0.82%
1.01-2.00 Years0.75%
2.01-3.00 Years0.42%
3.01-5.00 Years9.93%
5.01-7.00 Years20.34%
7.01-10.00 Years56.59%
10.01-15.00 Years11.16%

Index Maturity Ladder

As of 04/14/2014
1.01-2.00 Years0.83%
2.01-3.00 Years1.17%
3.01-5.00 Years12.61%
5.01-7.00 Years20.56%
7.01-10.00 Years57.49%
10.01-15.00 Years7.34%

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.

Barclays is a trademark of Barclays, the investment banking division of Barclays Bank PLC (“Barclays”) and has been licensed for use in connection with the listing and trading of the SPDR Barclays ETFs. The products are not sponsored by, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of investing in them.

Unless otherwise noted all information contained herein is that of the SPDR Barclays Mortgage Backed Bond ETF.

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.

Mortgage Backed Bond ETF Management Team

Portfolio Manager Mike Brunell Vice President Show Bio
Mike is a Vice President of State Street Global Advisors and has been a member of the Fixed Income portfolio management team since 2004. In his current role as part of the Beta solutions group, he is responsible for developing and managing various funds and ETF's against a variety of conventional and custom bond index strategies. Prior to joining the investment team Mike had been responsible for managing the U.S. Bond Operations group at SSgA which he had been a member of since 1997. He started his career in the investment management field when he joined the Mutual Fund Custody division of State Street in 1993. In this role he focused on the accounting and the valuation of various domestic and international equity and bond portfolios. Mike earned a BS in Business Administration from Saint Michael's College and a MSF degree from Boston College. Additionally he earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the Boston Securities Analyst Society.
Portfolio Manager Karen Tsang Principal Show Bio
Karen is a Principal of State Street Global Advisors. She is a Portfolio Manager in the Fixed Income - US Beta Solutions Group where she is responsible for managing all Agency Mortgage Backed Funds and Treasury Funds. Prior to her current role, she worked as a Senior Operations Associate covering all Mortgage, Asset-Backed, and Commercial Mortgage-Backed portfolios. Before joining SSgA, she worked as a Senior Fund Accountant in the Mutual Funds Division of State Street Corporation on domestic and international bonds and equity funds. Karen holds a Bachelors degree with a dual concentration in Finance and Marketing from the Boston University School of Management.

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.

Barclays U.S. MBS Index

The Barclays U.S. MBS Index (the “MBS Index”) measures the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market. The term “U.S. agency mortgage pass-through security” refers to a category of pass-through securities backed by pools of mortgages and issued by one of the following U.S. government-sponsored enterprises: Government National Mortgage Association (“GNMA”); Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”).

© 2014 State Street Corporation. All Rights Reserved.

© 2014 State Street Corporation. All Rights Reserved.

© 2014 State Street Corporation. All Rights Reserved.

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.

The Fund invests by sampling the Index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics which may cause the fund to experience tracking errors relative to performance of the Index.

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 04/14/2014
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® Barclays Mortgage Backed Bond ETF MBG $27.05 $27.00 $27.02 -0.12%
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.