SPLB:what it yields, how rates move it and what it holds
State Street SPDR Portfolio Long Term Corporate Bond ETF. Portfolio as of June 30, 2026, from the fund's SEC filing (Form N-PORT).
Investment-grade corporate. Company bonds rated BBB or better.
Yield to maturity (YTM)
5.83%
+0.99 points over US Treasuries of the same maturity
As of June 30, 2026, before the fund's costs.
- If rates rise 1 pointestimated from its duration, 12.6 years
- -12.6%
- Investment gradeof the credit risk, BBB or better
- 100%
- Size2,951 positions
- $1.2B
In a few words
SPLB holds 2,951 positions. 98% of the portfolio is corporate bonds. On June 30, 2026, the bonds it holds had a yield to maturity (YTM) of 5.83% a year, before the fund's costs. Its duration is 12.6 years: if rates rise by 1 percentage point, its price falls about 12.6%. In 2022, when rates rose sharply, its total return was -25.9%.
Every ETF in Investment-grade corporateIf rates change
A rough estimate, if rates moved at once and equally at every maturity.
Price, at once
-12.6%
Over 12 months, with the yield
-6.8%
Ready-made moves
| Change in rates | At once | 12 months |
|---|---|---|
| +12.6% | +18.4% | |
| +6.3% | +12.1% | |
| 0.0% | +5.8% | |
| -6.3% | -0.5% | |
| -12.6% | -6.8% | |
| -25.2% | -19.4% |
At a yield of 5.83% and a duration of 12.6 years, a rise in rates of about 0.46 points within the year would eat the whole year's yield.
Past returns
The ETF's total return, price change plus distributions, as the fund reports it to the SEC.
Last 12 months
+4.7%
3 years, average per year
+4.1%
Worst 12 months
-31.2%
Largest fall from a peak
-32.1%
100 at the start 105.0 at the end, distributions reinvested
What it holds
Portfolio as of June 30, 2026: who issued the bonds, when they mature and the largest issuers.
Who issued the bonds
Largest issuers
The 10 largest are 16.0% of the fund.
When they mature
Details
- Positions
- 2,951
- Average coupon
- 4.95%
- Floating rate
- 0.1%
- In other currencies
- 0.0%
- Mortgage-backed
- 0.0%
- In default
- 0.00%
- Hard to value
- 0.00%
- Cash and cash funds
- 2.3%
Maturities as stated on the bonds. Mortgage bonds, many corporate bonds and city bonds can be repaid early, so in practice they mature sooner.
Similar bond ETFs
Same kind as SPLB, nearest in rate sensitivity.
- VCLTVanguard Long-Term Corporate Bond ETFIf rates +1%-11.7%
- IGLBiShares 10+ Year Investment Grade Corporate Bond ETFIf rates +1%-11.7%
- LQDiShares iBoxx $ Investment Grade Corporate Bond ETFIf rates +1%-7.8%
- USIGiShares Broad USD Investment Grade Corporate Bond ETFIf rates +1%-6.2%
- VCITVanguard Intermediate-Term Corporate Bond ETFIf rates +1%-6.0%
- IGIBiShares 5-10 Year Investment Grade Corporate Bond ETFIf rates +1%-5.9%
| ETF | Yield (YTM) | If rates +1% | 2022 | Size |
|---|---|---|---|---|
| VCLTVanguard Long-Term Corporate Bond ETF | 6.11% | -11.7% | -25.7% | $9.6B |
| IGLBiShares 10+ Year Investment Grade Corporate Bond ETF | 6.16% | -11.7% | -25.7% | $2.9B |
| LQDiShares iBoxx $ Investment Grade Corporate Bond ETF | 5.67% | -7.8% | -18.0% | $32.0B |
| USIGiShares Broad USD Investment Grade Corporate Bond ETF | 5.47% | -6.2% | -15.4% | $17.8B |
| VCITVanguard Intermediate-Term Corporate Bond ETF | 5.44% | -6.0% | -14.1% | $72.0B |
| IGIBiShares 5-10 Year Investment Grade Corporate Bond ETF | 5.53% | -5.9% | -14.1% | $18.7B |
The full analysis
And what about stocks?
Bonds are only one side of investing. With Ploutos AI you can analyse a company through its official SEC filings, look into its financials and understand what lies behind the numbers. Every finding comes with a reference to its source, so you can check the data behind the analysis.
- A fair value range built from the filings
- Earnings quality, debt and red flags
- Insider and institutional moves
- The case for and the case against
How much would SPLB fall if rates rose?
With a duration of 12.6 years, an immediate one-point rise in rates would take about 12.6% off its price. An equal fall would add about the same.
What is SPLB's yield?
On June 30, 2026, according to its filing, the bonds it holds had a yield to maturity (YTM) of 5.83% a year, before the fund's costs. That is not the distribution the ETF pays, and it moves every day with prices.
How did SPLB do in 2022?
In 2022 SPLB returned -25.9% in total, as the fund reports it.
Is this SPLB's dividend yield?
No. The yield to maturity shown here is what the bonds the fund holds would earn a year if held to maturity, at the prices on the filing date. The dividend yield measures what the ETF paid over the last 12 months against its price, and it lags, because it depends on the coupons of bonds bought earlier. The SEC yield the issuer publishes is a standardised 30-day figure after costs, and usually lands close to the yield to maturity, a little below. When rates have risen, the dividend yield is usually lower than the other two.
Related pages
This page describes what bond ETFs hold, based on their SEC filings. Bond prices change every day and past returns do not say what comes next.