S&P 500
7,508.00
-0.01%
Dow Jones
52,255.90
+0.03%
Nasdaq 100
29,115.40
-0.04%
Russell 2000
2,983.67
+0.06%
FTSE 100
10,604.00
+1.34%
Nikkei 225
67,193.70
+0.01%

Banking, finance, and taxes

ETF Launch: Credit SPDR From State Street (ITR, STT)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
State Street Corporation (NYSE: STT) is launching a new ETF to track the credit markets.  Its State Street Global Advisors (SSgA) investment management arm launched the SPDR Barclays Capital Intermediate Term Credit Bond ETF (NYSE: ITR).  This ETF will give access to investment grade credit bonds and was designed to track the price and yield performance of the Barclays Capital Intermediate Credit Index. The target index includes investment grade corporate and non-corporate credit bonds denominated in US Dollars.  These also have a maturity range of 1 year to 10 years.  As of December 31, 2008, the index included 2,512 issues, an average credit rating of “A” and an average maturity of 5.2 years; and its annual expense ratio is 0.15%.

Jon C. Ogg
February 11, 2009

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Dividend Safety Check: VCIT and Intermediate-Term Corporate Bond Income
John Seetoo |

Dividend Safety Check: VCIT and Intermediate-Term Corporate Bond Income

Retirement-focused investors leaning on Vanguard Intermediate-Term Corporate Bond Index Fund ETF (NASDAQ:VCIT) for monthly income are watching a fund that…

9 Vanguard ETFs With The Lowest Expense Ratios
Carl Sullivan |

9 Vanguard ETFs With The Lowest Expense Ratios

The Vanguard Group of Valley Forge, Pa., is beloved for its low-cost, index investment strategy. The firm offers nearly two…

Vanguard’s Cheapest Investment-Grade Bond ETF Costs Less Than $3 a Year on $10,000. Hardly Anyone Mentions It.
Tony Dong |

Vanguard’s Cheapest Investment-Grade Bond ETF Costs Less Than $3 a Year on $10,000. Hardly Anyone Mentions It.

Vanguard’s most popular bond ETF is also the largest U.S.-listed bond ETF by assets under management (AUM). It is the…

Treasury and Bond ETFs Are Back in Fashion: Here’s What to Own in April 2026
David Beren |

Treasury and Bond ETFs Are Back in Fashion: Here’s What to Own in April 2026

Volatility spiked in late March when the VIX reached 31.05 on March 27, 2026, before easing back to roughly 19.50,…

Retirees: A Corporate Bond ETF Returned 10% While Paying Monthly Income All Year
Michael Williams |

Retirees: A Corporate Bond ETF Returned 10% While Paying Monthly Income All Year

When investment-grade corporate bonds deliver monthly income while rates remain elevated, the question is whether the total package justifies a…

Douglas A. McIntyre |

ETF LAUNCH: Foreign Government Inflation-Index Bonds

There is a new ETF launching today, and this one is a foreign government bond inflation-protected ETF.  State Street Global…

Most Retirees Are Overlooking One of Vanguard’s Best Monthly Income Bond ETFs
Tony Dong |

Most Retirees Are Overlooking One of Vanguard’s Best Monthly Income Bond ETFs

Call it habit. Call it decades of conventional wisdom pushed by financial advisors and DIY investors. Either way, a lot…

Jon C. Ogg |

Short-Term Bond Funds Serve a Purpose (LALDX, VBIRX, PRWBX)

Any positive return from a short-term bond fund offers investors a reason to flee the money market funds which are…

Bond ETFs Are Back: 3 Options Retirees Should Consider as Yields Hit Multi-Year Highs
John Seetoo |

Bond ETFs Are Back: 3 Options Retirees Should Consider as Yields Hit Multi-Year Highs

In May, 2025, rampantly unrestricted congressional spending caused Moody’s to downgrade US debt from Aaa to Aa1. This was a…

Top Gaining Stocks

Western Digital
WDC • Vol: 7,415,187
Micron Technology
MU • Vol: 48,985,647
Teradyne
TER • Vol: 4,002,233
Seagate Technology
STX • Vol: 6,055,663
Coinbase
COIN • Vol: 13,648,623

Top Losing Stocks

Danaher
DHR • Vol: 28,092,558
MSCI
MSCI • Vol: 2,008,714
Coterra Energy
CTRA • Vol: 73,319,495
Tyler Technologies
TYL • Vol: 671,598
Halliburton
HAL • Vol: 34,072,555