State Street Introduces Long-Term Credit ETF

Designed to provide investors with diversified, low-cost access to long-term (10 or more years) investment grade bonds, the SPDR Barclays Capital Long Term Credit Bond ETF (Symbol: LWC) seeks to track the price and yield performance of the Barclays Capital U.S. Long Credit Index, according to a news release. Its annual expense ratio is 0.15%.

Barclays Capital U.S. Long Credit Index includes investment grade corporate and non-corporate credit bonds that are dollar denominated and have a remaining maturity of greater than or equal to 10 years. As of December 31, the index included 965 issues with an average dollar-weighted maturity of 24.39 years.

“The SPDR Barclays Capital Long Term Credit Bond ETF is the longest-maturity credit bond ETF available to investors and a key addition to our growing family of fixed-income SPDRs,” said Anthony Rochte, senior managing director at State Street Global Advisors, in the release.