State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Feb 20, 2009
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Intermediate Corporate Bond Index. The fund offers exposure to a diversified portfolio of investment grade, fixed-rate, taxable, U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions with maturities greater than or equal to 1 year and less than 10 years, excluding structured notes with embedded options, private placements, floating-rate securities, and Eurobonds; top holdings include senior unsecured notes from issuers such as JPMorgan Chase & Co., Citigroup Inc., and Morgan Stanley; sector allocations feature approximately 51% in corporate industrial, 41% in corporate finance, and 8% in corporate utility bonds, with an average option-adjusted duration of 4.06 years and option-adjusted spread of 68 basis points as of September 30, 2025. Launched on February 10, 2009, and managed by State Street Global Advisors (SSGA), a division of State Street Investment Management headquartered in Boston, Massachusetts, SPIB maintains a low gross expense ratio of 0.04% and trades on the NYSE Arca exchange under the ticker SPIB. The ETF targets institutional and retail investors seeking intermediate-term corporate bond exposure as a core fixed income building block within diversified portfolios, with operations focused on U.S. markets through its underlying holdings in SEC-registered securities. Quality distribution emphasizes investment-grade ratings, including 46% Baa, 46% A, 6% Aa, and less than 1% Aaa, with monthly index reconstitution on a market capitalization-weighted basis. Maturity breakdown includes 26% in 3-5 years, 23% in 7-10 years, 18% in 5-7 years, and 31% in 1-3 years. In recent developments, SSGA rebranded to State Street Investment Management, enhancing its ETF lineup that includes SPIB among low-cost SPDR Portfolio offerings; the fund's benchmark transitioned from the Bloomberg U.S. Intermediate Credit Index to the Bloomberg U.S. Intermediate Corporate Bond Index effective December 17, 2010, with no further index changes reported. As of September 2025, SPIB delivered a 30-day SEC yield of 4.43%, year-to-date NAV total return of 6.58%, and 1-year annualized return of 5.13%, reflecting steady performance amid stable market conditions without notable acquisitions, partnerships, new product launches, or operational shifts specific to the ETF in the last 1-2 years. SPIB forms part of the broader SPDR ETFs family distributed by State Street Global Advisors Funds Distributors, LLC, an affiliate of State Street Corporation.