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SPDR Barclays Short Term Corporate Bond (SPSB)SPSB
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Upturn Advisory Summary
09/18/2024: SPSB (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.26% | Upturn Advisory Performance  4 | Avg. Invested days: 93 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.26% | Avg. Invested days: 93 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 2108584 | Beta 0.3 |
52 Weeks Range 27.83 - 30.28 | Updated Date 09/18/2024 |
52 Weeks Range 27.83 - 30.28 | Updated Date 09/18/2024 |
AI Summarization
ETF SPDR Barclays Short Term Corporate Bond (SCPB)
Profile:
This ETF invests in investment-grade, U.S. dollar-denominated, short-term corporate bonds with remaining maturities of less than three years. It seeks to track the performance of the Bloomberg Barclays US Short Term Corporate Bond Index.
Objective:
The primary investment goal of SCPB is to provide current income and capital appreciation through investments in short-term corporate bonds.
Issuer:
State Street Global Advisors (SSGA)
Reputation and Reliability:
SSGA is a leading asset management firm with a long and established track record. Founded in 1978, it has over $4.13 trillion in assets under management as of 30 September 2023.
Management:
The ETF is managed by a team of experienced portfolio managers with expertise in fixed income investing.
Market Share:
SCPB is one of the largest short-term corporate bond ETFs in the market, with over $10 billion in assets under management.
Total Net Assets:
As of October 26, 2023, SCPB has a total net asset value of $10.46 billion.
Moat:
- Low expense ratio: SCPB has an expense ratio of 0.05%, which is lower than the average expense ratio for short-term corporate bond ETFs.
- Diversification: The ETF invests in a wide range of short-term corporate bonds, which helps to reduce risk.
- Liquidity: SCPB is a highly liquid ETF, with an average daily trading volume of over 1 million shares.
Financial Performance:
SCPB has outperformed its benchmark index, the Bloomberg Barclays US Short Term Corporate Bond Index, over the past 3, 5, and 10 years.
Growth Trajectory:
The demand for short-term corporate bonds is expected to grow in the coming years, as investors seek income and stability in a low-interest-rate environment. This bodes well for the future growth of SCPB.
Liquidity:
- Average Trading Volume: 1.2 million shares (as of October 26, 2023)
- Bid-Ask Spread: 0.01%
Market Dynamics:
- Interest rates: SCPB is sensitive to changes in interest rates. If interest rates rise, the value of the ETF may decline.
- Economic conditions: The performance of SCPB is also affected by economic conditions. A strong economy can lead to higher corporate bond yields, which can benefit the ETF.
Competitors:
- iShares Aaa-A Rated Corporate Bond ETF (QLTA)
- Vanguard Short-Term Corporate Bond ETF (BSV)
- SPDR Portfolio Short Term Corporate Bond ETF (SPSB)
Expense Ratio:
0.05%
Investment Approach and Strategy:
- Strategy: SCPB passively tracks the Bloomberg Barclays US Short Term Corporate Bond Index.
- Composition: The ETF invests in investment-grade, U.S. dollar-denominated, short-term corporate bonds with remaining maturities of less than three years.
Key Points:
- Low expense ratio
- Diversification
- Liquidity
- Outperformance of benchmark index
- Expected growth in the future
Risks:
- Interest rate risk: SCPB is sensitive to changes in interest rates. If interest rates rise, the value of the ETF may decline.
- Credit risk: The ETF invests in corporate bonds, which are subject to credit risk. If a company defaults on its debt, the ETF may lose money.
- Market risk: The value of SCPB can fluctuate due to general market conditions.
Who Should Consider Investing:
SCPB is suitable for investors who are looking for:
- Current income
- Capital appreciation
- Low risk
- Diversification
Fundamental Rating Based on AI:
7/10
SCPB has strong fundamentals, including a low expense ratio, diversification, and a track record of outperformance. However, it is important to note that the ETF is sensitive to interest rate risk and credit risk.
Resources:
- State Street Global Advisors: https://www.ssga.com/us/en/individual/etfs/etfs-library/spdr-barclays-short-term-corporate-bond-etf-scpb
- Yahoo Finance: https://finance.yahoo.com/quote/SCPB/
- Bloomberg: https://www.bloomberg.com/quote/SCPB:US
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
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 Barclays Short Term Corporate Bond
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 short term U.S. corporate bond market.
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