SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ)
ARCA ARCA Primary 
XMIL Summary
BWZ Chart
BWZ: Too Conservative Given The Guarantee Of Loss To Management Fees
BWZ is similar to BWX in that it covers ex-US Treasuries, typically trading in lower yield markets as their battles with inflation have been successful. While a decent USD hedge, to the extent that economic developments in the US may hurt the USD, the higher expense ratios make the more sensitive bet more effective. We think that there is a rate downside in ex-US markets. The BWX is more interesting to speculate on that.
Is It Time to Load Up on Bond ETFs?
U.S. Treasury yields remain elevated after a spike following President Trump's tariff announcements earlier this year. With long-term Treasury yields still close to multi-year highs, investors are tempted to pivot away from stocks in favor of the bond market at this time.
SPDR Bloomberg Short Term International Treasury Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CCP Christopher C. Powers Farther Finance Advisors, LLC | 79 | $2,168.09 | $2,133.79 | -$34.3 | -1.58% |
| SAM Smartleaf Asset Management LLC Smartleaf Asset Management LLC | 168 | $4,309 | $4,537.68 | $228.68 | 5.31% |
| JHW Jefferson H. West Legacy Investment Solutions LLC | 27 | $694.89 | $729.27 | $34.38 | 4.95% |
| LWM Legacy Wealth Managment LLC/ID Legacy Wealth Managment LLC/ID | 27 | $694.89 | $729.27 | $34.38 | 4.95% |
| FYW Future You Wealth LLC Future You Wealth LLC | 14,890 | $417,962 | $402,178.9 | -$15,783.1 | -3.78% |
SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) FAQ
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Does it pay dividends? What is the current yield?
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Has SPDR Bloomberg Short Term International Treasury Bond ETF ever had a stock split?
SPDR Bloomberg Short Term International Treasury Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The company under review operates as an investment fund, focusing predominantly on investing in fixed-rate local currency sovereign debt. The investment strategy commits at least 80% of the fund's total assets to securities either directly comprising a specific index or those identified by the Adviser as possessing economic characteristics substantially identical to those securities making up the index. This index primarily tracks the performance of investment-grade sovereign debt from countries outside the United States, with maturities ranging from one to three years. It's noteworthy that this fund operates on a non-diversified basis, directing a significant portion of its resources towards securities within the outlined investment criteria.
Products and Services
- Investment in Sovereign Debt
The fund's primary service involves investing in fixed-rate local currency sovereign debt securities. These investments target governments outside of the United States, ensuring that the fund's portfolio is exposed to international markets. The debt instruments selected have investment-grade ratings, indicating a relatively low risk of default. By focusing on securities with remaining maturities of one to three years, the fund aims to manage the interest rate risk while seeking to provide investors with a balance of income and capital security.
- Economic Characteristics Alignment
In addition to direct investment in securities that form the basis of the tracked index, the fund engages in identifying and investing in securities that, while not part of the index, share substantially identical economic characteristics with those that are. This approach allows for a broader investment strategy that aligns closely with the fund's performance objectives as dictated by the index it follows. Such a method helps in diversifying the risks and potentially tapping into similar returns offered by the index components.
- Non-Diversified Fund Structure
Operating as a non-diversified fund, this investment vehicle does not spread its investments as widely across issuers as diversified funds do. This strategic concentration in the securities comprising the index, or those deemed economically identical, offers the potential for higher returns. However, it also exposes the fund to a greater degree of risk associated with the performance of fewer issuers. For investors, this structure suggests a more focused investment approach, targeting specific economic characteristics of investment-grade sovereign debt markets.
