SPDR Bloomberg SASB Corporate Bond ESG Select ETF
RBND
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- SPDR Bloomberg SASB Corporate Bond ESG Select ETF (RBND) is an exchange-traded fund that tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select Index, providing exposure to US dollar-denominated investment-grade corporate bonds issued by companies demonstrating strong environmental, social, and governance (ESG) characteristics. The fund invests primarily in securities from industrial, utility, and financial issuers with remaining maturities of one year or more and outstanding par amounts of at least $300 million, utilizing a sampling strategy that incorporates the R-Factor score for ESG screening while excluding issuers involved in controversies such as controversial weapons, thermal coal, tobacco, or UN Global Compact violations; it may also employ derivatives for cash flow management and efficiency. Holdings are diversified across approximately 473 positions, with top concentrations in the financial and industrial sectors, including bonds from issuers like Bank of America, Virginia Electric and Power Company, and Novartis Capital Corporation; the portfolio emphasizes broad maturities in corporate bonds (99.16% allocation), supplemented by minimal cash holdings. RBND offers investors a low-cost vehicle with a net expense ratio of 0.12% and a dividend yield around 2.70%, distributing income from underlying bond interest while aligning fixed-income strategies with sustainable investing goals comparable to the broader Bloomberg US Corporate Index. The ETF targets institutional and retail investors seeking ESG-integrated core fixed-income exposure without sacrificing risk-return profiles, operating principally in the U.S. market through NYSE Arca. Launched on November 9, 2020, by State Street Global Advisors (SSGA), the investment management arm of State Street Corporation headquartered in Boston, Massachusetts, RBND marked SSGA's first publicly offered fixed-income ESG ETF in the U.S., expanding its SPDR lineup amid rising demand for ESG solutions in bond portfolios. In 2025, SSGA rebranded from State Street Global Advisors to State Street Investment Management and undertook a broad ETF renaming initiative, prominently featuring the State Street name across dozens of funds while removing or adjusting SPDR branding on select products to enhance brand visibility ahead of mutual fund share class expansions for 401(k) accessibility; RBND retains its core ticker and structure amid these changes, with no reported closures, acquisitions, or new product integrations specific to the fund. The firm continues to manage RBND within its $1.8 trillion ETF ecosystem as of late 2025, focusing on ESG innovation without recent partnerships or strategic shifts directly impacting this ETF.