SPDR Bloomberg International Corporate Bond ETF (IBND)

Overview

The fund is an investment vehicle that aims to closely track the performance of a specific index, which serves as a broad benchmark for the global investment-grade, fixed rate, fixed income corporate markets outside the United States. This means that the fund focuses on investing in a diverse range of corporate bonds that are considered to have a low to moderate risk of default. By adhering to a strategy of investing at least 80% of its total assets in securities that are either part of its target index or possess similar economic characteristics, the fund seeks to provide investors with exposure to international corporate bonds while attempting to replicate the index's yield and price performance.

Products and Services

• International Corporate Bond Investments

  This offering includes a diversified portfolio of investment-grade, fixed-rate, international corporate bonds. By targeting bonds outside of the United States, this service allows investors to gain exposure to a wide array of economic environments and industries, potentially enhancing portfolio diversification and offering opportunities for risk-adjusted returns that differ from the U.S. fixed income markets.

• Index Tracking Investment Strategy

  The fund's strategy revolves around closely replicating the performance of its designated index. This is achieved through strategic investments in securities that are either part of the index or have economic characteristics that closely mimic those of the index components. This approach aims at providing consistent returns to investors by reducing the tracking error between the fund's performance and that of the index, harnessing the growth potential of the broad-based measure of global investment-grade corporate markets.