State Street SPDR Portfolio Corporate Bond ETF (SPBO)
State Street SPDR Portfolio Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $28.42, up 0.14% on the session, giving a market capitalisation of $2.00B. Its beta of 1.11 implies it has historically moved more than the broad market.
The State Street SPDR Portfolio Corporate Bond ETF (SPBO) aims to mirror the investment performance, encompassing both price appreciation and income generation, of the Bloomberg U.S. Corporate Bond Index, prior to accounting for fees and expenses. This ETF is a component of the cost-efficient core State Street SPDR Portfolio series, a collection of funds crafted to offer extensive and varied investment in fundamental asset categories. It serves as an economical fund designed to deliver accurate and complete exposure to U.S. corporate debt, which represents the corporate segment of the broader Bloomberg Aggregate Bond Index. For inclusion in the underlying index, bonds must possess a minimum outstanding par value of $300 million and have a remaining maturity of no less than one year. The index undergoes rebalancing on the final business day of each month.
State Street SPDR Portfolio Corporate Bond ETF is most often compared with the following Financial Services names: