State Street Global Advisors on Tuesday announced its new SPDR Portfolio Treasury ETF (SPTB), which the company said further enhances the SPDR Portfolio ETF suite with low-cost exposure to U.S. Treasury securities that mature in a year or longer.
With an expense ratio of .03%, SPTB seeks to track the Bloomberg U.S. Treasury Index's performance, State Street Global Advisors said.
"We continue to see fixed income ETFs used to tailor portfolios, allowing for greater flexibility, customized allocations and targeted investment outcomes," said Allison Bonds Mazza, head of intermediary at the asset manager.
"With the addition of SPTB, our low-cost SPDR Portfolio suite now offers investors a complete set of cost-effective tools to disaggregate the Bloomberg U.S. Aggregate Bond Index by sector as well as maturity," she said.
This enables investors to assemble their own fixed income portfolios to create a more flexible, customized and cost- and tax-efficient core in a transparent manner, according to the company.
SPTB provides investors broad Treasury exposure through a single instrument that complements State Street's existing Treasury line up of short-, intermediate- and long maturity ETFs, the firm said.
SPDR Portfolio ETFs have more than $197 billion in assets.
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