State Street SPDR Portfolio Long Term Treasury ETF
SPTL
New York Stock Exchange Arca- -
USD
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- -
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
- May 30, 2007
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR Portfolio Long Term Treasury ETF (SPTL) 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 ICE U.S. Treasury 10+ Year Bond Index. The fund is sponsored and managed by State Street Global Advisors, a division of State Street Corporation, and is part of the SPDR Portfolio ETF suite focused on low-cost, broad market exposure. It primarily targets investors seeking long-duration exposure to U.S. Treasury securities and is designed for use in strategic asset allocation, duration management, and liability-driven investment strategies. SPDR Portfolio Long Term Treasury ETF invests at least 80% of its total assets in securities included in the ICE U.S. Treasury 10+ Year Bond Index, which is composed of U.S. dollar-denominated, fixed-rate U.S. Treasury securities with remaining maturities greater than 10 years. The fund holds a diversified portfolio of U.S. Treasury notes and bonds; excludes Treasury inflation-protected securities (TIPS), Treasury bills, and zero-coupon STRIPS; and generally utilizes a sampling strategy to track the index while controlling transaction costs and liquidity. It distributes income from the underlying Treasury holdings, typically on a monthly basis, and offers intraday liquidity through exchange trading, with shares bought and sold on NYSE Arca like a common stock. The ETF operates within the fixed income segment of the asset management industry and is categorized as a long-term U.S. government bond ETF. Its target market includes institutional investors, financial advisers, and individual investors seeking interest rate duration exposure, a potential hedge against equity market volatility, or a high-quality government bond allocation within diversified portfolios. SPTL primarily invests in U.S. government securities and is therefore economically tied to the United States, with portfolio risk driven largely by U.S. interest rate and duration dynamics rather than credit risk, as U.S. Treasuries are backed by the full faith and credit of the U.S. government. SPDR Portfolio Long Term Treasury ETF is part of the broader SPDR ETF family, one of the largest ETF platforms globally, sponsored by State Street Global Advisors, a major institutional asset manager headquartered in Boston, Massachusetts. State Street Global Advisors launched its first SPDR funds in the 1990s, and SPTL was introduced as part of the SPDR Portfolio series to offer lower-cost, core building-block exposures; it is not a standalone operating company in the traditional sense but a registered investment company under the Investment Company Act of 1940. The ETF has no subsidiaries or operating segments of its own; instead, it represents a single investment portfolio overseen by State Street Global Advisors with custody, administration, and other fund services generally provided within the State Street group. In terms of recent developments, changes for SPDR Portfolio Long Term Treasury ETF typically relate to index methodology updates by ICE, prospectus updates, fee adjustments, or changes within the SPDR Portfolio lineup, rather than traditional corporate events such as mergers or acquisitions. Over the last 1–2 years across the industry, long-duration Treasury ETFs including SPTL have been used tactically in response to shifts in Federal Reserve interest rate policy, elevated Treasury issuance, and changing yield curve dynamics, which has influenced flows, average duration positioning, and portfolio characteristics. Any changes in expense ratios, portfolio holdings ranges, or benchmark index details are reflected in the fund’s most recent prospectus and regulatory filings, and investors typically monitor these documents for the latest structural or strategic updates affecting the ETF.