State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
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
FRC
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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
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Mar 11, 2009
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Portfolio Long Term Corporate Bond ETF (SPLB) 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 Long U.S. Corporate Index. The fund tracks an index comprising U.S. dollar-denominated, taxable, fixed-rate, investment-grade corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial institutions with maturities of greater than or equal to 10 years; eligible securities include subordinated issues, those with normal call and put provisions and sinking funds, medium-term notes if publicly underwritten, 144A securities with registration rights, and global issues that are SEC-registered, while excluding structured notes with embedded swaps, private placements, floating-rate securities, and Eurobonds. SPLB offers exposure primarily to long-duration, investment-grade corporate bonds across sectors such as industrials, utilities, and financials, with approximately 99.5% allocated to corporate bonds, a weighted average maturity exceeding 12 years, and over 2,900 holdings for broad diversification. Launched on March 10, 2009, and domiciled in the United States, SPLB is issued by State Street Global Advisors, Inc. (SSGA), an indirect wholly owned subsidiary of State Street Corporation headquartered in Boston, Massachusetts. The ETF maintains a low expense ratio of 0.04%, monthly dividend distributions yielding approximately 5% based on recent trailing twelve-month data, and assets under management around $1.1 billion as of late 2025. It primarily serves institutional and retail investors seeking core fixed-income exposure to U.S. long-term corporate credit markets. In recent developments, State Street Global Advisors rebranded to State Street Investment Management, with updated references across fund documentation and websites as of 2025. The benchmark index transitioned from the Bloomberg Barclays U.S. Long Term Corporate Bond Index to the Bloomberg Long U.S. Corporate Index effective December 17, 2010, with further nomenclature updates noted through August 24, 2021. SPLB underwent its annual credit rating review by S&P Global Ratings in 2025, where ratings for 17 SPDR ETFs including SPLB were affirmed amid ongoing portfolio monitoring. The fund continues to emphasize low-cost portfolio building blocks within the SPDR Portfolio suite, targeting precise exposure amid evolving interest rate environments and credit conditions.