SPDR Portfolio Intermediate Term Corporate Bond ETF
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET +$1.2B OVER THIS RANGE
Money keeps arriving — +$106M of net buying over the past month, about 0.9% of the fund's asset base, while the price has returned -2.2% so far this year. At 0.040% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | 0.0% |
| 1 month | 0.0% |
| 3 months | -0.8% |
| 6 months | -2.8% |
| YTD | -2.2% |
| 1 year | -1.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$337M |
| 1 month | +$106M |
| 3 months | +$291M |
| YTD | +$898M |
| 1 year | +$1.2B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat SPIB on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -1bp on fee · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | 3× the assets · +$26M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | 11× the assets · +$547M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | 2× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | 2× the assets · +$312M in over the month | Head-to-head |