State Street(R) SPDR(R) Portfolio Aggregate Bond ETF

SPDR SERIES TRUST · Series S000017334 · 1 share classes

Bond fund · 98% debt· rate + credit risk filed
One fund, 1 share classes:SPAB
$9.33B NAV
8,341 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q4

The State Street SPDR Portfolio Aggregate Bond ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. dollar denominated investment grade bond market.

Strategy · summarised

The fund tracks the Bloomberg U.S. Aggregate Bond Index using a sampling strategy, holding a subset of the index's investment-grade securities—government bonds, corporate bonds, mortgage pass-throughs, and asset-backed securities—selected to replicate the index's risk and return characteristics. Because the fund samples rather than holds all index constituents, its performance may diverge from the index. The fund regularly enters into to-be-announced transactions in mortgage securities, investing cash pending settlement in short-term instruments including affiliated money market funds.

Expenses
0.03%one share class
Share classExpense ratio
SPAB0.03%

Portfolio turnover 17.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

103.88%
of net assets
Bonds72.59%
Securitized25.34%
Cash & short-term5.95%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 685 new596 exited

Largest new: United States Treasury ×6, UMBS, TBA, Government National Mortgage Association

Largest exited: United States Treasury ×4, Government National Mortgage Association ×2, UMBS, TBA ×2

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
3.88%
Avg maturity
12.65 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

1%
floating
Fixed rate99.4%
Floating rate0.5%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y10y+
<1y0.0%
1-3y21.8%
3-5y16.5%
5-10y18.7%
10y+43.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.

Interest-rate duration
5.88 yr
approx. move per 100bp
Credit-spread duration
1.91 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -8.0%
of value
Interest rates75%
Credit spreads25%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+1.91
yrs total
Investment grade+1.89 yr
High yield+0.02 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate5.88 yr total
3 mo30 yr
3 mo0.01 yr0%
1 yr0.65 yr11%
5 yr1.67 yr28%
10 yr2.30 yr39%
30 yr1.25 yr21%
Credit spread1.91 yr total
3 mo30 yr
3 mo0.00 yr0%
1 yr0.18 yr10%
5 yr0.55 yr29%
10 yr0.75 yr39%
30 yr0.43 yr22%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.01+0.00+0.00$3.0k$41
1 yr+0.65+0.18+0.00$169.1k$3.0k
5 yr+1.67+0.54+0.01$506.1k$9.0k
10 yr+2.30+0.74+0.01$688.7k$6.9k
30 yr+1.25+0.42+0.00$395.1k$1.8k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
State Street Global Advisors5.95%$554.62M
United States Treasury3.50% · due 2028-12-150.85%$79.34M
United States Treasury4.38% · due 2028-11-300.45%$42.32M
United States Treasury3.50% · due 2028-01-310.44%$41.09M
United States Treasury4.63% · due 2031-05-310.43%$40.01M
United States Treasury4.00% · due 2035-11-150.42%$39.12M
United States Treasury4.63% · due 2035-02-150.39%$36.16M
UMBS, TBA5.00% · due 2056-04-010.38%$35.05M
United States Treasury3.75% · due 2027-06-300.37%$34.72M
United States Treasury4.25% · due 2035-08-150.37%$34.50M
Showing 10 of 8,341Sign in to see more

Top 10 positions are 10.04% of net assets, top 25 15.24%, across 1.2K issuers.

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