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Upturn AI SWOT - About
SPDR Portfolio Mortgage Backed Bond (SPMB)
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Upturn Advisory Summary
03/27/2025: SPMB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 3.2% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 814333 | Beta 1.12 | 52 Weeks Range 20.21 - 22.31 | Updated Date 03/28/2025 |
52 Weeks Range 20.21 - 22.31 | Updated Date 03/28/2025 |
Upturn AI SWOT
SPDR Portfolio Mortgage Backed Bond
ETF Overview
Overview
The SPDR Portfolio Mortgage Backed Bond ETF (SPMB) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Mortgage Backed Securities (MBS) Index. It primarily invests in agency mortgage-backed pass-through securities issued by U.S. government agencies.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record of managing ETFs.
Management Expertise
SSGA has extensive experience in managing fixed-income ETFs, including mortgage-backed securities.
Investment Objective
Goal
To track the performance of the Bloomberg U.S. Mortgage Backed Securities (MBS) Index.
Investment Approach and Strategy
Strategy: SPMB aims to replicate the Bloomberg U.S. Mortgage Backed Securities (MBS) Index, which represents the U.S. agency mortgage-backed pass-through securities market.
Composition The ETF holds a diversified portfolio of mortgage-backed securities, primarily issued by Fannie Mae, Freddie Mac, and Ginnie Mae.
Market Position
Market Share: SPMB holds a moderate market share within the broader mortgage-backed securities ETF category.
Total Net Assets (AUM): 4088645856
Competitors
Key Competitors
- iShares MBS ETF (MBB)
- Vanguard Mortgage-Backed Securities ETF (VMBS)
- AGNC Investment Corp (AGNC)
- Annaly Capital Management Inc (NLY)
Competitive Landscape
The mortgage-backed securities ETF market is dominated by a few large players, including MBB and VMBS. SPMB offers a lower expense ratio than some competitors, which can be attractive to cost-conscious investors. However, it may have lower liquidity and AUM compared to larger ETFs like MBB and VMBS. AGNC and NLY are publicly traded Real Estate Investment Trusts, or REITs.
Financial Performance
Historical Performance: Historical performance data should be obtained from reliable financial data sources like Morningstar or the ETF's official website.
Benchmark Comparison: The ETF's performance should closely track the Bloomberg U.S. Mortgage Backed Securities (MBS) Index. Deviations may occur due to tracking error and expenses.
Expense Ratio: 0.04
Liquidity
Average Trading Volume
SPMB exhibits moderate liquidity, reflected in its average daily trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating relatively low trading costs.
Market Dynamics
Market Environment Factors
Interest rate movements, changes in housing market conditions, and government policy all influence the performance of mortgage-backed securities and, consequently, SPMB.
Growth Trajectory
The ETF's growth trajectory is dependent on investor demand for mortgage-backed securities exposure and its ability to effectively track its benchmark index. Strategic changes are unlikely given its index tracking strategy.
Moat and Competitive Advantages
Competitive Edge
SPMB's competitive edge lies primarily in its low expense ratio, which makes it an attractive option for investors seeking cost-effective exposure to the U.S. mortgage-backed securities market. It offers a straightforward way to track a broad market index. While it doesn't offer a unique investment strategy, its price can be an incentive. SSGA's management expertise also bolsters investor confidence. Its focus on agency MBS provides a degree of safety, since these are government-backed securities.
Risk Analysis
Volatility
SPMB's volatility is generally lower than equity ETFs but higher than U.S. Treasury ETFs due to the inherent risks associated with mortgage-backed securities.
Market Risk
Key risks include interest rate risk (rising rates can negatively impact MBS prices), prepayment risk (borrowers may refinance when rates fall, reducing future income), and credit risk (although agency MBS have lower credit risk due to government backing).
Investor Profile
Ideal Investor Profile
SPMB is suitable for investors seeking income and diversification through exposure to the U.S. mortgage-backed securities market. It may be attractive to risk-averse investors seeking relatively stable returns.
Market Risk
SPMB is best for long-term investors or those using a buy and hold strategy looking for fixed income exposure.
Summary
SPDR Portfolio Mortgage Backed Bond ETF (SPMB) offers investors a low-cost, convenient way to access the U.S. mortgage-backed securities market. It tracks the Bloomberg U.S. Mortgage Backed Securities (MBS) Index and primarily invests in agency-backed MBS, providing relatively stable returns. Its low expense ratio can be a key advantage. Investors should be aware of interest rate, prepayment, and credit risks associated with mortgage-backed securities.
Similar Companies
- MBB
- VMBS
- AGG
- BND
Sources and Disclaimers
Data Sources:
- SPDR Portfolio Mortgage Backed Bond ETF Fact Sheet
- Bloomberg U.S. Mortgage Backed Securities (MBS) Index
- Morningstar
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR Portfolio Mortgage Backed Bond
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market.
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