SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
Name
As of 10/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$97.53
$56.4 M
4.68%
$4.54
0.09%
Vitals
YTD Return
4.4%
1 yr return
15.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$56.4 M
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/15/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$97.53
$56.4 M
4.68%
$4.54
0.09%
LQIG - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSPDR MarketAxess Investment Grade 400 Corporate Bond ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateMay 12, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBradley Sullivan
Fund Description
LQIG - Performance
Return Ranking - Trailing
Period | LQIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -37.4% | 3.2% | N/A |
1 Yr | 15.0% | -22.5% | 163.5% | N/A |
3 Yr | N/A* | -13.4% | 33.3% | N/A |
5 Yr | N/A* | -10.0% | 21.5% | N/A |
10 Yr | N/A* | -4.1% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | LQIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -27.3% | 144.0% | N/A |
2022 | N/A | -15.7% | 31.5% | N/A |
2021 | N/A | -13.0% | 34.5% | N/A |
2020 | N/A | -52.0% | 4.7% | N/A |
2019 | N/A | -3.1% | 13.4% | N/A |
Total Return Ranking - Trailing
Period | LQIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -37.4% | 2.2% | N/A |
1 Yr | 15.0% | -22.5% | 163.5% | N/A |
3 Yr | N/A* | -13.4% | 33.3% | N/A |
5 Yr | N/A* | -10.0% | 21.5% | N/A |
10 Yr | N/A* | -4.1% | 9.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LQIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.5% | -27.3% | 144.0% | N/A |
2022 | N/A | -15.7% | 31.5% | N/A |
2021 | N/A | -13.0% | 34.5% | N/A |
2020 | N/A | -14.8% | 4.7% | N/A |
2019 | N/A | -3.1% | 13.4% | N/A |
LQIG - Holdings
Concentration Analysis
LQIG | Category Low | Category High | LQIG % Rank | |
---|---|---|---|---|
Net Assets | 56.4 M | 6.52 M | 44.4 B | 74.55% |
Number of Holdings | 390 | 2 | 9191 | 32.54% |
Net Assets in Top 10 | 5.01 M | -29.6 M | 3.34 B | 53.43% |
Weighting of Top 10 | 8.84% | 1.8% | 100.0% | 94.01% |
Top 10 Holdings
- State Street Navigator Securities Lending Portfolio II 2.69%
- Morgan Stanley 0.89%
- Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 0.88%
- CVS Health Corp 0.70%
- T-Mobile USA Inc 0.67%
- JPMorgan Chase Co 0.64%
- Goldman Sachs Group Inc/The 0.61%
- Wells Fargo Co 0.60%
- HSBC Holdings PLC 0.58%
- Pfizer Investment Enterprises Pte Ltd 0.58%
Asset Allocation
Weighting | Return Low | Return High | LQIG % Rank | |
---|---|---|---|---|
Bonds | 98.43% | 15.65% | 141.47% | 45.37% |
Cash | 3.09% | -49.09% | 54.19% | 54.93% |
Stocks | 0.00% | 0.00% | 5.27% | 57.01% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 64.48% |
Other | 0.00% | -38.92% | 3.98% | 53.43% |
Convertible Bonds | 0.00% | 0.00% | 78.47% | 48.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | LQIG % Rank | |
---|---|---|---|---|
Cash & Equivalents | 3.09% | 0.00% | 54.19% | 65.67% |
Derivative | 0.00% | 0.00% | 27.02% | 60.30% |
Securitized | 0.00% | 0.00% | 23.18% | 78.81% |
Corporate | 0.00% | 41.80% | 100.00% | 31.04% |
Municipal | 0.00% | 0.00% | 3.62% | 72.84% |
Government | 0.00% | 0.00% | 25.63% | 57.61% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | LQIG % Rank | |
---|---|---|---|---|
US | 98.43% | 0.00% | 122.90% | 44.18% |
Non US | 0.00% | 0.00% | 47.05% | 46.27% |
LQIG - Expenses
Operational Fees
LQIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.09% | 0.03% | 3.62% | 96.91% |
Management Fee | 0.09% | 0.00% | 1.35% | 9.33% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
LQIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
LQIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LQIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 259.00% | N/A |
LQIG - Distributions
Dividend Yield Analysis
LQIG | Category Low | Category High | LQIG % Rank | |
---|---|---|---|---|
Dividend Yield | 4.68% | 0.00% | 25.68% | 65.97% |
Dividend Distribution Analysis
LQIG | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
LQIG | Category Low | Category High | LQIG % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | 0.38% | 7.58% | N/A |
Capital Gain Distribution Analysis
LQIG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 01, 2024 | $0.378 | OrdinaryDividend |
Sep 03, 2024 | $0.414 | OrdinaryDividend |
Aug 01, 2024 | $0.563 | OrdinaryDividend |
Jul 01, 2024 | $0.423 | OrdinaryDividend |
Jun 03, 2024 | $0.425 | OrdinaryDividend |
May 01, 2024 | $0.421 | OrdinaryDividend |
Apr 01, 2024 | $0.423 | OrdinaryDividend |
Mar 01, 2024 | $0.419 | OrdinaryDividend |
Feb 01, 2024 | $0.426 | OrdinaryDividend |
Dec 18, 2023 | $0.429 | OrdinaryDividend |
Dec 01, 2023 | $0.422 | OrdinaryDividend |
Nov 01, 2023 | $0.398 | OrdinaryDividend |
Oct 02, 2023 | $0.392 | OrdinaryDividend |
Sep 01, 2023 | $0.393 | OrdinaryDividend |
Aug 01, 2023 | $0.393 | OrdinaryDividend |
Jul 03, 2023 | $0.380 | OrdinaryDividend |
Jun 01, 2023 | $0.387 | OrdinaryDividend |
May 01, 2023 | $0.392 | OrdinaryDividend |
Apr 03, 2023 | $0.396 | OrdinaryDividend |
Mar 01, 2023 | $0.377 | OrdinaryDividend |
Feb 01, 2023 | $0.361 | OrdinaryDividend |
Dec 19, 2022 | $1.332 | OrdinaryDividend |
Dec 01, 2022 | $0.386 | OrdinaryDividend |
Nov 01, 2022 | $0.386 | OrdinaryDividend |
Oct 03, 2022 | $0.362 | OrdinaryDividend |
Sep 01, 2022 | $0.371 | OrdinaryDividend |
Aug 01, 2022 | $0.358 | OrdinaryDividend |
Jul 01, 2022 | $0.368 | OrdinaryDividend |
Jun 01, 2022 | $0.214 | OrdinaryDividend |
LQIG - Fund Manager Analysis
Managers
Bradley Sullivan
Start Date
Tenure
Tenure Rank
May 11, 2022
0.05
0.1%
Bradley Sullivan, CFA, is a Vice President of SSGA and SSGA Inc and a Senior Portfolio Manager in the Fixed Income Beta Solutions Group within the Global Fixed Income, Cash and Currency Team where he manages corporate credit beta portfolios for ETFs, commingled funds and separately managed accounts. Prior to joining SSGA, Mr. Sullivan was a senior research analyst at State Street Bank and Trust where he covered the healthcare, pharmaceutical, chemicals, retail and power/utilities sectors for the corporate credit and leveraged loan portfolios.Prior to joining State Street, Mr. Sullivan was the assistant portfolio manager in the Leveraged Finance Group for MetLife Investments. The team managed more than $12 billion across leveraged loan and high yield credit portfolios on a total return mandate. Mr. Sullivan joined MetLife Investments in 2007 as a credit research analyst covering the corporate healthcare, technology, and beverage sectors within the Global Fixed Income Research Group. In 2003, Mr. Sullivan received his formal credit training in the Brown Brothers Harriman Banking Analyst Program in Boston on the Medical Technology Team. Mr. Sullivan earned his Bachelor of Science in Accounting and Finance from Tulane University and a Master of Business Administration from the Colgate Darden Graduate School of Business at the University of Virginia. Mr. Sullivan has earned the Chartered Financial Analyst (CFA) designation.
Frank Miethe
Start Date
Tenure
Tenure Rank
May 11, 2022
0.05
0.1%
Frank Miethe, CFA, is a Vice President of SSGA and a Portfolio Manager on the Passive Fixed Income Team. Mr. Miethe joined SSGA in 2010 and has been part of the Portfolio Management team since 2013. He is currently responsible for managing several funds and ETFs within the Investment Grade Credit and Government/Credit sectors. Prior to his role at SSGA, Mr. Miethe worked at State Street Corporation as a Fund Accountant and a Client Operations Associate. He received his Bachelor's Degree from Western New England University and an MBA from Suffolk University. He has earned the Chartered Financial Analyst designation and is a member of the CFA Institute and Boston Security Analysts Society.
David Marchetti
Start Date
Tenure
Tenure Rank
May 11, 2022
0.05
0.1%
David Marchetti, CFA, is an Assistant Vice President at SSGA and a Portfolio Manager in the Fixed Income Beta Solutions team. Mr. Marchetti is responsible for managing several funds within investment grade credit, specifically managing short-term and intermediate credit funds. Also, he oversees the ETF basket creation/redemption process across multiple fixed income ETF’s. Mr. Marchetti started his career at State Street Bank and has been working in the investment industry since 2009. Mr. Marchetti has a B.S. in Business Administration with a concentration in Finance from Boston University. He earned a Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and CFA Society Boston, Inc.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.22 | 2.41 |