State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF
SPDR SERIES TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF is an emerging-markets bond index ETF that tracks the Bloomberg EM Local Currency Government Diversified Index.
- Asset class
- Bonds
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q2
The State Street SPDR Bloomberg Emerging Markets Local 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 fixed-rate local currency sovereign debt of emerging market countries.
The fund tracks the Bloomberg EM Local Currency Government Diversified Index, which comprises fixed-rate sovereign debt issued by emerging market governments in their local currencies, rated B3/B- or higher. The fund invests at least 80% of assets in index securities or economically identical substitutes, employing a sampling strategy that may hold a subset of index constituents rather than all of them. Because the fund samples rather than holds all index securities, its returns may diverge from the index.
| Share class | Expense ratio |
|---|---|
| EBND | 0.30% |
Portfolio turnover 32.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 97.06% |
| Cash & short-term | 1.07% |
| Other | 0.02% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: POLAND GOVERNMENT BOND, INDIA GOVERNMENT BOND, THAILAND GOVERNMENT BOND ×2, KOREA TREASURY BOND ×2, MEXICO CETES, REPUBLIC OF SOUTH AFRICA
Largest exited: POLAND GOVERNMENT BOND, LETRA TESOURO NACIONAL, KOREA TREASURY BOND, CHINA GOVERNMENT BOND, MALAYSIA GOVERNMENT, INDONESIA GOVERNMENT, INTL BK RECON & DEVELOP, BONOS TESORERIA PESOS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 96.1% |
| Zero-coupon or unclassified | 3.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.8% |
| 1-3y | 21.5% |
| 3-5y | 18.9% |
| 5-10y | 31.6% |
| 10y+ | 26.3% |
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 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
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.
| Interest rates | 99% |
| Credit spreads | 1% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.03 yr |
| High yield | +0.01 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.62 yr | 10% |
| 5 yr | 1.82 yr | 30% |
| 10 yr | 2.39 yr | 39% |
| 30 yr | 1.22 yr | 20% |
| 3 mo | 0.00 yr | 2% |
| 1 yr | 0.01 yr | 37% |
| 5 yr | 0.01 yr | 37% |
| 10 yr | 0.01 yr | 24% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $60 | $59 |
| 1 yr | +0.62 | +0.01 | +0.00 | $2.7k | $235 |
| 5 yr | +1.82 | +0.01 | +0.00 | $2.7k | $166 |
| 10 yr | +2.39 | +0.01 | +0.00 | $1.1k | $771 |
| 30 yr | +1.22 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.06 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| GVMXX | State Street Global AdvisorsGVMXX | 1.07% | $24.10M | — |
| — | NOTA DO TESOURO NACIONAL10.00% · due 2031-01-01 | 0.73% | $16.61M | — |
| — | NOTA DO TESOURO NACIONAL10.00% · due 2029-01-01 | 0.70% | $15.78M | — |
| — | MEX BONOS DESARR FIX RT8.50% · due 2029-03-01 | 0.66% | $14.81M | — |
| — | REPUBLIC OF SOUTH AFRICA8.75% · due 2044-01-31 | 0.61% | $13.82M | — |
| — | MEX BONOS DESARR FIX RT7.75% · due 2031-05-29 | 0.59% | $13.44M | — |
| — | TITULOS DE TESORERIA13.25% · due 2033-02-09 | 0.58% | $13.15M | — |
| — | REPUBLIC OF SOUTH AFRICA9.00% · due 2040-01-31 | 0.56% | $12.72M | — |
| — | MEX BONOS DESARR FIX RT7.75% · due 2034-11-23 | 0.55% | $12.32M | — |
| — | REPUBLIC OF SOUTH AFRICA8.50% · due 2037-01-31 | 0.54% | $12.27M | — |
Top 10 positions are 6.59% of net assets, top 25 13.73%, across 38 issuers.
See more of this fund's book
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