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SPDR Bloomberg 1-10 Year TIPS ETF

ETF
TIPX
Payout Change
Pending
Price as of:
$18.41 -0.1 -0.54%
primary theme
TIPS
TIPX (ETF)

SPDR Bloomberg 1-10 Year TIPS ETF

Payout Change
Pending
Price as of:
$18.41 -0.1 -0.54%
primary theme
TIPS
TIPX (ETF)

SPDR Bloomberg 1-10 Year TIPS ETF

Payout Change
Pending
Price as of:
$18.41 -0.1 -0.54%
primary theme
TIPS

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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SPDR Bloomberg 1-10 Year TIPS ETF

TIPX | ETF

$18.41

$1.37 B

4.15%

$0.76

0.15%

Vitals

YTD Return

2.6%

1 yr return

2.6%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

2.6%

Net Assets

$1.37 B

Holdings in Top 10

36.6%

52 WEEK LOW AND HIGH

$18.5
$18.25
$19.01

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR Bloomberg 1-10 Year TIPS ETF

TIPX | ETF

$18.41

$1.37 B

4.15%

$0.76

0.15%

TIPX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.45%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR Bloomberg 1-10 Year TIPS ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    May 29, 2013
  • Shares Outstanding
    73900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cynthia Moy

Fund Description

In seeking to track the performance of the Bloomberg 1-10 Year U.S. Government Inflation-Linked Bond Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the Index. In addition, in seeking to track the Index, the Fund may invest in debt securities that are not included in the Index. The Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by the Adviser) for cash management purposes.The Index is designed to measure the performance of the inflation protected public obligations of the U.S. Treasury commonly known as “TIPS” that have a remaining maturity greater than or equal to 1 year and less than 10 years. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. The Index includes publicly issued TIPS that have at least 1 year and less than 10 years remaining to maturity on the index rebalancing date, with an issue size equal to or in excess of $500 million. The total amount outstanding for each issue is reflected, there are no adjustments made for sums held in the Federal Reserve System Open Market Account (SOMA) account. Bonds must be capital-indexed and linked to a domestic inflation index. The securities must be issued by the U.S. Government and must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars. New bonds/reopening's entering the Index must settle on or before the index rebalancing date. The Index is rebalanced on the last business day of each month. As of July 31, 2024, the Index comprised 33 securities.The Index is sponsored by Bloomberg Index Services Limited (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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TIPX - Performance

Return Ranking - Trailing

Period TIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -12.5% 7.8% 34.83%
1 Yr 2.6% -11.5% 8.7% 35.32%
3 Yr -0.1%* -17.1% 4.4% 34.18%
5 Yr 2.6%* -7.7% 4.6% 30.16%
10 Yr 2.6%* -2.4% 3.4% 10.69%

* Annualized

Return Ranking - Calendar

Period TIPX Return Category Return Low Category Return High Rank in Category (%)
2023 0.8% -8.7% 5.1% 34.67%
2022 -12.6% -52.3% -4.0% 26.02%
2021 1.0% -7.9% 7.7% 39.58%
2020 6.6% -29.4% 23.0% 68.78%
2019 3.9% 0.8% 16.7% 76.60%

Total Return Ranking - Trailing

Period TIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -12.5% 7.8% 34.83%
1 Yr 2.6% -11.5% 8.7% 35.32%
3 Yr -0.1%* -17.1% 4.4% 34.18%
5 Yr 2.6%* -7.7% 4.6% 30.16%
10 Yr 2.6%* -2.4% 3.4% 10.69%

* Annualized

Total Return Ranking - Calendar

Period TIPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -5.2% 9.5% 25.63%
2022 -7.6% -40.1% 9.2% 29.08%
2021 5.4% -2.7% 37.6% 45.83%
2020 8.5% -0.5% 27.5% 65.08%
2019 6.6% 2.8% 19.3% 62.23%

TIPX - Holdings

Concentration Analysis

TIPX Category Low Category High TIPX % Rank
Net Assets 1.37 B 963 K 54.3 B 44.28%
Number of Holdings 37 2 1463 80.60%
Net Assets in Top 10 500 M 913 K 25.5 B 47.26%
Weighting of Top 10 36.64% 9.4% 100.0% 77.00%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 4.57%
  2. U.S. Treasury Inflation-Indexed Notes 3.91%
  3. U.S. Treasury Inflation-Indexed Notes 3.68%
  4. U.S. Treasury Inflation-Indexed Notes 3.54%
  5. U.S. Treasury Inflation-Indexed Notes 3.52%
  6. U.S. Treasury Inflation-Indexed Notes 3.52%
  7. U.S. Treasury Inflation-Indexed Notes 3.51%
  8. U.S. Treasury Inflation-Indexed Notes 3.49%
  9. U.S. Treasury Inflation-Indexed Notes 3.45%
  10. U.S. Treasury Inflation-Indexed Notes 3.44%

Asset Allocation

Weighting Return Low Return High TIPX % Rank
Bonds 		99.63% 0.00% 206.20% 27.36%
Cash 		0.37% -42.00% 15.77% 62.19%
Stocks 		0.00% 0.00% 100.03% 78.61%
Preferred Stocks 		0.00% 0.00% 1.89% 80.10%
Other 		0.00% -58.58% 66.48% 83.08%
Convertible Bonds 		0.00% 0.00% 3.96% 83.58%

Bond Sector Breakdown

Weighting Return Low Return High TIPX % Rank
Government 		99.93% 6.70% 112.97% 6.47%
Cash & Equivalents 		0.05% 0.00% 15.13% 69.15%
Derivative 		0.00% -26.67% 16.13% 81.59%
Securitized 		0.00% 0.00% 58.03% 92.54%
Corporate 		0.00% 0.00% 50.64% 91.04%
Municipal 		0.00% 0.00% 1.28% 82.09%

Bond Geographic Breakdown

Weighting Return Low Return High TIPX % Rank
US 		99.63% 0.00% 184.29% 20.90%
Non US 		0.00% 0.00% 42.19% 86.57%

TIPX - Expenses

Operational Fees

TIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 22.29% 91.46%
Management Fee 0.15% 0.00% 0.99% 15.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

TIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 246.00% 4.69%

TIPX - Distributions

Dividend Yield Analysis

TIPX Category Low Category High TIPX % Rank
Dividend Yield 4.15% 0.00% 14.25% 43.28%

Dividend Distribution Analysis

TIPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Annual

Net Income Ratio Analysis

TIPX Category Low Category High TIPX % Rank
Net Income Ratio 3.45% -0.06% 6.71% 58.08%

Capital Gain Distribution Analysis

TIPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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TIPX - Fund Manager Analysis

Managers

Cynthia Moy

Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Cindy is a Principal at State Street Global Advisors, and a Portfolio Manager in the Fixed Income Beta Solutions group. She is responsible for managing government bond strategies. Previously, she was an analyst in the Government Solutions team, where she was responsible for credit surveillance of housing finance agency bonds. Cindy's other prior roles at State Street include work as an analyst in the Stable Value team, the Global Structured Products group, as well as the mutual funds division. Cindy holds a BA in Quantitative Economics from Tufts University.

James Kramer

Start Date

Tenure

Tenure Rank

Oct 31, 2016

5.58

5.6%

James Kramer is a Vice President of SSGA and SSGA FM and and a Senior Portfolio Manager in the Fixed Income Beta Solutions Group within the Global Fixed Income, Cash and Currency Team. In his current role, he is responsible for managing global treasuries, inflation and aggregate bond portfolios for ETFs, commingled funds and separately managed accounts. Prior to joining the Global Fixed Income, Cash and Currency Team, Mr. Kramer was the Head of North America Fixed Income Trading. He was responsible for a team of traders that execute all cash bonds and derivative instruments for the Active and Passive Fixed Income Groups. Prior to heading the trading desk, Mr. Kramer was a senior portfolio manager in the Interest Rate Strategies Group at SSGA. His primary responsibilities included the portfolio management of active government and inflation linked strategies. Other responsibilities included directing U.S. interest rate strategies globally for SSGA. Mr. Kramer has a Bachelor of Arts in Economics from Fitchburg State College. He started his career at State Street Bank and Trust Company and has been working in the investment industry since 1993.

Orhan Imer

Start Date

Tenure

Tenure Rank

Oct 31, 2017

4.58

4.6%

Orhan is a Vice President and a Senior Portfolio Manager for LDI & Multi-Sector Strategies with the Global Fixed Income, Cash & Currency (FICC) team at SSGA. Orhan is also a Senior Portfolio Manager with the Fixed Income Beta Solutions group with responsibilities for managing several fixed income funds and ETFs including Global Rates/Inflation, US Core and Credit portfolios. He is a member of the Technical Committee which oversees all SSGA's quantitative investment research. Prior to joining SSGA in 2017, Orhan held several roles during his tenure at Columbia Threadneedle Investments. Most r

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.56 11.1

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