New ETF Provides Cost-Effective, Broad Treasury Exposure to
Customize Bond Portfolios
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced the launch of
the SPDR® Portfolio Treasury ETF (SPTB). SPTB further enhances
SPDR’s Portfolio ETF suite by providing low-cost exposure to US
Treasury securities with remaining maturities greater than or equal
to one year. Priced at three basis points, SPTB seeks to track the
performance of the Bloomberg U.S. Treasury Index.
“We continue to see fixed income ETFs used to tailor portfolios,
allowing for greater flexibility, customized allocations and
targeted investment outcomes,” said Allison Bonds Mazza, Head of
Intermediary at State Street Global Advisors. “With the addition of
SPTB, our low-cost SPDR Portfolio suite now offers investors a
complete set of cost-effective tools to disaggregate the Bloomberg
U.S. Aggregate Bond Index by sector as well as maturity.” This
enables investors to assemble their own fixed-income portfolios to
create a core that is more flexible, customized, as well as cost-
and tax-efficient — all in a transparent manner.
SPTB provides investors access to broad Treasury exposure
through a single instrument and complements our existing low-cost
Treasury line up of short-, intermediate- and long maturity ETFs:
SPDR Portfolio Short Term Treasury ETF (SPTS), SPDR Portfolio
Intermediate Term Treasury ETF (SPTI) and SPDR Portfolio Long Term
Treasury ETF (SPTL).
Introduced in 2017 and with offerings priced as little as two
basis points, the SPDR Portfolio ETF suite is designed to provide
investors with greater choice in low-cost ETFs. The suite provides
exposure to US equity, international equity, and fixed income asset
classes to help investors build a diversified core portfolio of
stocks and bonds while keeping more of what they earn. Widely
embraced by investors, SPDR Portfolio ETFs have more than $197
billion in assets.1
As the creator of the world’s first ETFs, SPDR’s innovation in
ETFs is driven by its commitment to delivering low-cost, efficient
solutions for investors and backed by more than 40 years of
indexing experience.2 SPDR Portfolio ETFs are backed by the same
team and processes that have made SPDR a leader in ETF
investing.
Click here for the complete lineup of SPDR Portfolio ETFs.
To learn more about how investors are using low-cost ETFs to
achieve a variety of investment objectives, read Low-Cost Core ETFs
to Build Long-Term Wealth.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are sponsored
by affiliates of State Street Global Advisors. The funds provide
investors with the flexibility to select investments that are
aligned to their investment strategy. For more information, visit
www.ssga.com/etfs.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of index and
active strategies to create cost-effective solutions. As pioneers
in index and ETF investing, we are always inventing new ways to
invest. As a result, we have become the world’s fourth-largest
asset manager* with US $4.34 trillion† under our care.
*Pensions & Investments Research Center, as of 12/31/22.
†This figure is presented as of March 31, 2024 and includes ETF
AUM of $1,360.89 billion USD of which approximately $65.87 billion
USD is in gold assets with respect to SPDR products for which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) acts
solely as the marketing agent. SSGA FD and State Street Global
Advisors are affiliated. Please note all AUM is unaudited.
1 State Street Global Advisors, Bloomberg Finance L.P., as of
April 30, 2024. 2 ETFs managed by State Street Global Advisors have
the oldest inception dates within the US, Hong Kong, Australia, and
Singapore. State Street Global Advisors launched the first ETF in
the US on January 22, 1993; launched the first ETF in Hong Kong on
November 11, 1999; launched the first ETF in Australia on August
24, 2001; and launched the first ETF in Singapore on April 11,
2002.
Important Risk Disclosures
Investing involves risk including the risk of loss of
principal.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Bonds generally present less short-term risk and
volatility than stocks, but contain interest rate risk (as interest
rates rise, bond prices usually fall); issuer default risk; issuer
credit risk; liquidity risk; and inflation risk. These effects are
usually pronounced for longer-term securities. Any fixed income
security sold or redeemed prior to maturity may be subject to a
substantial gain or loss.
Passively managed funds invest by sampling the index,
holding a range of securities that, in the aggregate, approximates
the full Index in terms of key risk factors and other
characteristics. This may cause the fund to experience tracking
errors relative to performance of the index.
US Treasury obligations may differ from other fixed
income securities in their interest rates, maturities, times of
issuance and other characteristics. Similar to other issuers,
changes to the financial condition or credit rating of the U.S.
government may cause the value of the Fund's U.S. Treasury
obligations to decline.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without SSGA’s express written consent.
The trademarks and service marks referenced herein are the
property of their respective owners. Third party data providers
make no warranties or representations of any kind relating to the
accuracy, completeness or timeliness of the data and have no
liability for damages of any kind relating to the use of such
data.
All information is from SSGA unless otherwise noted and has been
obtained from sources believed to be reliable, but its accuracy is
not guaranteed. There is no representation or warranty as to the
current accuracy, reliability or completeness of, nor liability
for, decisions based on such information and it should not be
relied on as such.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor.
Before investing, consider the fund’s investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.ssga.com. Read it
carefully.
Not FDIC Insured - No Bank Guarantee - May Lose Value
State Street Global Advisors Fund Distributors, LLC,
member FINRA, SIPC
© 2024 State Street Corporation. All Rights Reserved. State
Street Global Advisors Funds Distributors, LLC, One Iron Street,
Boston, MA 02210
6466857.1.1.AM.RTL Exp. Date: 05/31/2025
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version on businesswire.com: https://www.businesswire.com/news/home/20240519328686/en/
Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
State Street (NYSE:STT)
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