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State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Portfolio Treasury ETF (SPTB).

SPTB further enhances SPDR’s Portfolio ETF suite by providing low-cost exposure to US Treasury securities with remaining maturities greater than or equal to one year. Priced at three basis points, SPTB seeks to track the performance of the Bloomberg U.S. Treasury Index.

“We continue to see fixed income ETFs used to tailor portfolios, allowing for greater flexibility, customized allocations and targeted investment outcomes,” said Allison Bonds Mazza, Head of Intermediary at State Street Global Advisors. “With the addition of SPTB, our low-cost SPDR Portfolio suite now offers investors a complete set of cost-effective tools to disaggregate the Bloomberg U.S. Aggregate Bond Index by sector as well as maturity.”

SPTB provides investors access to broad Treasury exposure through a single instrument and complements our existing low-cost Treasury line up of short-, intermediate- and long maturity ETFs: SPDR Portfolio Short Term Treasury ETF (SPTS), SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and SPDR Portfolio Long Term Treasury ETF (SPTL).

Introduced in 2017 and with offerings priced as little as two basis points, the SPDR Portfolio ETF suite is designed to provide investors with greater choice in low-cost ETFs. The suite provides exposure to US equity, international equity, and fixed income asset classes to help investors build a diversified core portfolio of stocks and bonds while keeping more of what they earn.

As the creator of the world’s first ETFs, SPDR’s innovation in ETFs is driven by its commitment to delivering low-cost, efficient solutions for investors and backed by more than 40 years of indexing experience. SPDR Portfolio ETFs are backed by the same team and processes that have made SPDR a leader in ETF investing.

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