State Street Global Advisors (SSGA) has expanded its suite of low-cost, core portfolio ETFs with a new fund providing exposure to US Treasuries from across the yield curve.
Allison Bonds Mazza, Head of Intermediary at State Street Global Advisors.
The SPDR Portfolio Treasury ETF (SPTB US) has been listed on NYSE Arca with an expense ratio of just 0.03%.
The fund is linked to the Bloomberg US Treasury Index which represents the market value-weighted performance of US Treasury securities with greater than one year remaining until maturity.
The index includes US dollar-denominated, fixed-rate, and original zero-coupon securities with minimum outstanding par amounts of at least $300 million. Excluded from the index are inflation-linked securities, floating rate notes, and zero-coupon STRIPS.
The index is rebalanced each month.
SPTB complements SSGA’s existing low-cost US Treasury lineup, which includes ETFs…
