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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® Portfolio TIPS ETF

SPIP | ETF

$25.64

$1.33 B

1.37%

$0.35

0.12%

Vitals

YTD Return

3.3%

1 yr return

5.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

1.8%

Net Assets

$1.33 B

Holdings in Top 10

30.4%

52 WEEK LOW AND HIGH

$25.6
$24.94
$26.39

Expenses

OPERATING FEES

Expense Ratio 0.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR® Portfolio TIPS ETF

SPIP | ETF

$25.64

$1.33 B

1.37%

$0.35

0.12%

SPIP - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.44%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR® Portfolio TIPS ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    May 30, 2007
  • Shares Outstanding
    102600450
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cynthia Moy

Fund Description

In seeking to track the performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.Under normal market conditions, 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. In addition, in seeking to track the Index, the Fund may invest in debt securities that are not included in the Index. The Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by the Adviser) for cash management purposes.The Index is designed to measure the performance of the inflation protected public obligations of the U.S. Treasury, commonly known as “TIPS.” TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. The Index includes publicly issued TIPS that have at least 1 year remaining to maturity on the Index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. The notional coupon of a bond must be fixed or zero. Bonds must settle on or before the Index rebalancing date. The securities in the Index are updated on the last business day of each month. As of July 31, 2024, there were 48 securities in the Index.The Index is sponsored by Bloomberg Index Services Limited (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
Read More

SPIP - Performance

Return Ranking - Trailing

Period SPIP Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -10.2% 9.2% 35.47%
1 Yr 5.6% -8.9% 13.3% 56.16%
3 Yr -2.5%* -17.4% 4.5% 63.13%
5 Yr 1.8%* -7.2% 5.1% 59.69%
10 Yr 2.1%* -2.3% 3.4% 37.12%

* Annualized

Return Ranking - Calendar

Period SPIP Return Category Return Low Category Return High Rank in Category (%)
2023 -0.7% -8.7% 5.1% 81.09%
2022 -18.2% -52.3% -4.0% 80.81%
2021 1.1% -7.9% 7.7% 38.66%
2020 9.2% -29.4% 23.0% 26.18%
2019 6.0% 0.8% 16.7% 31.58%

Total Return Ranking - Trailing

Period SPIP Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -10.2% 9.2% 35.47%
1 Yr 5.6% -8.9% 13.3% 56.16%
3 Yr -2.5%* -17.4% 4.5% 63.13%
5 Yr 1.8%* -7.2% 5.1% 59.69%
10 Yr 2.1%* -2.3% 3.4% 37.12%

* Annualized

Total Return Ranking - Calendar

Period SPIP Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -5.2% 9.5% 70.65%
2022 -12.8% -40.1% 9.2% 85.86%
2021 5.8% -2.7% 37.6% 29.90%
2020 11.4% -0.5% 27.5% 20.42%
2019 8.3% 2.8% 19.3% 24.74%

SPIP - Holdings

Concentration Analysis

SPIP Category Low Category High SPIP % Rank
Net Assets 1.33 B 963 K 51.8 B 44.83%
Number of Holdings 52 2 1463 68.97%
Net Assets in Top 10 308 M 891 K 24.2 B 56.16%
Weighting of Top 10 30.41% 9.4% 100.0% 85.15%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 3.77%
  2. U.S. Treasury Inflation-Indexed Notes 3.14%
  3. U.S. Treasury Inflation-Indexed Notes 3.00%
  4. U.S. Treasury Inflation-Indexed Notes 3.00%
  5. U.S. Treasury Inflation-Indexed Notes 2.98%
  6. U.S. Treasury Inflation-Indexed Notes 2.95%
  7. U.S. Treasury Inflation-Indexed Notes 2.94%
  8. U.S. Treasury Inflation-Indexed Notes 2.92%
  9. U.S. Treasury Inflation-Indexed Notes 2.86%
  10. U.S. Treasury Inflation-Indexed Notes 2.84%

Asset Allocation

Weighting Return Low Return High SPIP % Rank
Bonds 		99.55% 0.00% 198.42% 30.54%
Cash 		0.72% -42.00% 15.77% 52.22%
Stocks 		0.00% 0.00% 100.03% 72.91%
Preferred Stocks 		0.00% 0.00% 0.78% 73.89%
Other 		0.00% -58.58% 68.12% 80.30%
Convertible Bonds 		0.00% 0.00% 3.96% 76.85%

Bond Sector Breakdown

Weighting Return Low Return High SPIP % Rank
Government 		99.81% 6.70% 112.97% 7.88%
Cash & Equivalents 		0.72% 0.00% 11.92% 41.87%
Derivative 		0.00% -26.67% 16.13% 79.31%
Securitized 		0.00% 0.00% 58.03% 91.13%
Corporate 		0.00% 0.00% 50.64% 87.19%
Municipal 		0.00% 0.00% 1.28% 76.35%

Bond Geographic Breakdown

Weighting Return Low Return High SPIP % Rank
US 		99.55% 0.00% 174.44% 26.60%
Non US 		0.00% 0.00% 42.19% 82.76%

SPIP - Expenses

Operational Fees

SPIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.03% 22.29% 94.03%
Management Fee 0.12% 0.00% 0.99% 14.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

SPIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SPIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

SPIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 246.00% 4.12%

SPIP - Distributions

Dividend Yield Analysis

SPIP Category Low Category High SPIP % Rank
Dividend Yield 1.37% 0.00% 14.25% 42.36%

Dividend Distribution Analysis

SPIP Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Quarterly

Net Income Ratio Analysis

SPIP Category Low Category High SPIP % Rank
Net Income Ratio 3.44% -0.06% 6.71% 59.00%

Capital Gain Distribution Analysis

SPIP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SPIP - Fund Manager Analysis

Managers

Cynthia Moy

Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Cindy is a Principal at State Street Global Advisors, and a Portfolio Manager in the Fixed Income Beta Solutions group. She is responsible for managing government bond strategies. Previously, she was an analyst in the Government Solutions team, where she was responsible for credit surveillance of housing finance agency bonds. Cindy's other prior roles at State Street include work as an analyst in the Stable Value team, the Global Structured Products group, as well as the mutual funds division. Cindy holds a BA in Quantitative Economics from Tufts University.

James Kramer

Start Date

Tenure

Tenure Rank

Oct 31, 2016

5.58

5.6%

James Kramer is a Vice President of SSGA and SSGA FM and and a Senior Portfolio Manager in the Fixed Income Beta Solutions Group within the Global Fixed Income, Cash and Currency Team. In his current role, he is responsible for managing global treasuries, inflation and aggregate bond portfolios for ETFs, commingled funds and separately managed accounts. Prior to joining the Global Fixed Income, Cash and Currency Team, Mr. Kramer was the Head of North America Fixed Income Trading. He was responsible for a team of traders that execute all cash bonds and derivative instruments for the Active and Passive Fixed Income Groups. Prior to heading the trading desk, Mr. Kramer was a senior portfolio manager in the Interest Rate Strategies Group at SSGA. His primary responsibilities included the portfolio management of active government and inflation linked strategies. Other responsibilities included directing U.S. interest rate strategies globally for SSGA. Mr. Kramer has a Bachelor of Arts in Economics from Fitchburg State College. He started his career at State Street Bank and Trust Company and has been working in the investment industry since 1993.

Orhan Imer

Start Date

Tenure

Tenure Rank

Oct 31, 2017

4.58

4.6%

Orhan is a Vice President and a Senior Portfolio Manager for LDI & Multi-Sector Strategies with the Global Fixed Income, Cash & Currency (FICC) team at SSGA. Orhan is also a Senior Portfolio Manager with the Fixed Income Beta Solutions group with responsibilities for managing several fixed income funds and ETFs including Global Rates/Inflation, US Core and Credit portfolios. He is a member of the Technical Committee which oversees all SSGA's quantitative investment research. Prior to joining SSGA in 2017, Orhan held several roles during his tenure at Columbia Threadneedle Investments. Most r

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1

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