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State Street Global Advisors changes indexes for two fixed income SPDR ETFs

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State Street Global Advisors is changing the target benchmarks of the SPDR Portfolio Short Term Treasury ETF (SPTS) and SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE).

The funds’ names, ticker symbols and annual expense ratios remain unchanged and no action is required by shareholders.
 
SPTS will now seek to replicate the return of the Bloomberg Barclays 1-3 Year US Treasury Index instead of the Bloomberg Barclays 1-5 Year US Treasury Index, while ITE switches to the Bloomberg Barclays 3-10 Year US Treasury Index from the Bloomberg Barclays Intermediate US Treasury Index.
 
“With these changes, our suite of Treasury bond SPDR ETFs will offer more precise exposure to various segments of the US Treasury market,” says Noel Archard, global head of product for State Street Global Advisors’ SPDR ETF business. “Advisors, institutions and individual investors will be able to add short-term Treasury exposure to their portfolios with SPTS, intermediate exposure with ITE and long-term exposure with the SPDR Portfolio Long Term Treasury ETF (SPTL), which tracks the performance of US Treasuries that have a remaining maturity of 10 years or more, to more precisely manage duration along the yield curve.”

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