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State Street SPDR Bloomberg Investment Grade Floating Rate ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Investment Grade Floating Rate ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Barclays U.S. Dollar Floating Rate Note < 5 Years Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Nov 30, 2011 |
| Assets (mns) | $2,745 |
| Currency | USD |
| Expense ratio | 15 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 293 |
| No of distinct issuers | 152 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 100% /0% |
| Non-standard maturity (callable, etc.) | 34% |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.0 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.8 % |
| 0.0% // | 0.8 % |
| TOTAL | 9.8 % |
|---|
| GOLDMAN SACHS GROUP, INC. | 3.3% |
| JPMORGAN CHASE & CO. | 2.6% |
| BANK OF NOVA SCOTIA | 2.5% |
| ROYAL BANK OF CANADA | 2.4% |
| BANK OF AMERICA CORPORATION | 2.0% |
 |
UNITED STATES | 41.1 % |
 |
CANADA | 10.2 % |
 |
UNITED KINGDOM | 4.9 % |
 |
AUSTRALIA | 3.7 % |
 |
JAPAN | 2.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 4.6% | 5.1% | 3.8% | 2.9% | 2.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.02 | 0% |
| S&P500 | 0.06 | 38% |
| MSCI EAFE | 0.06 | 32% |
| MSCI Emg. Mkts. | 0.05 | 20% |
| Recent close | $30.76 |
| 30d moving avg. | $30.67 |
| Annualized volatility | 1.1% |
| Short interest (ETF) | 3.1% |
| Relative strength (RSI) | 79 |
| Avg. volume (thou.) | 969 |
| Avg. daily value traded (mns) | $30 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLRN | 2.5 yrs | Category Avg.* |
4.7 yrs |
| FLRN | 2.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 4.50% | -7.5% | $28.45 |
| +200 bp | 3.50% | -5.0% | $29.23 |
| +150 bp | 3.00% | -3.7% | $29.62 |
| +100 bp | 2.50% | -2.5% | $30.00 |
| +75 bp | 2.25% | -1.9% | $30.19 |
| +50 bp | 2.00% | -1.2% | $30.38 |
| +25 bp | 1.75% | -0.6% | $30.57 |
| 0 bp | 1.50% | 0% | $30.76 |
| -25 bp | 1.25% | 0.6% | $30.95 |
| -50 bp | 1.00% | 1.2% | $31.14 |
| -75 bp | 0.75% | 1.8% | $31.33 |
| -100 bp | 0.50% | 2.4% | $31.51 |
| -150 bp | 0.00% | 3.7% | $31.89 |
| -200 bp | -0.50% | 4.9% | $32.26 |
| -300 bp | -1.50% | 7.3% | $33.00 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
150 | bp |
| Less: Annual "default factor" |
3 | bp |
| Less: Expense ratio | 15 | bp |
| Equals: ALTAR Score | 1.32 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.9% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Bloomberg Investment Grade Floating Rate ETF is classified as a Corporate fund. | |