Key stats
About SPDR Series Trust SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
Home page
Inception date
May 11, 2022
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
LQIG tracks an index that invests in USD denominated, investment grade corporate bonds. To be eligible for inclusion in the index, bonds must have $300 million or more of par amount outstanding, have a remaining maturity of at least 2 years, and have a fixed rate or zero percent coupon. The fund utilizes MarketAxess proprietary technologies to determine eligibility. The firms Composite+ pricing engine, which determines availability of bid and price valuations and Relative Liquidity Score rates a bonds liquidity relative to bonds with similar risk and return characteristics. This filters the universe to only those with greater levels of liquidity. Once filtered, the bonds are ranked by par value face amount from highest to lowest, and the top 400 bonds are selected and market value-weighted. Single issuers are capped at 4%. The Index is rebalanced and reconstituted monthly.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.90%
Cash0.10%
Displays a symbol's price movements over previous years to identify recurring trends.