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The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that invests in US Treasury bonds. As a bond ETF, it does not generate revenues from industries like a company does, but earns income from interest payments on the held bonds.

The fund mainly invests in US Treasury bonds with intermediate maturities. Therefore, there are no geographical markets in the traditional sense as would be the case with companies. Instead, the fund is entirely focused on the US bond market.

Production: Not applicable

The SPDR Portfolio Intermediate Term Treasury ETF (ARCA:SPTI) is an exchange-traded fund (ETF) managed by State Street Global Advisors. ETFs are financial products that do not manufacture or produce physical products. Instead, they invest in a portfolio of securities, in this case mainly in US mid-term Treasury bonds. Therefore, the question of production facilities is not applicable.

Current Investment Strategy: Focus on US intermediate-term Treasury bonds
Objective: Capital preservation and regular income

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) pursues a conservative investment strategy that aims to invest in US intermediate-term Treasury bonds. This strategy provides investors with an opportunity to benefit from stable income while minimizing the risks associated with stock markets.

For future growth, the ETF plans to diversify its positions in bonds with different maturities to take advantage of interest rate changes. Additionally, the ETF could optimize its cost structure to remain competitive and attract more investors.

In an environment of rising interest rates, focusing on intermediate-term bonds could offer an attractive balance between risk and return. The ETF's strategy will continue to aim at providing investors with a stable source of income while responding to market changes.

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Import Countries: Not applicable

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that focuses on US Treasury bonds with intermediate maturities. ETFs like SPTI invest in financial instruments rather than physical commodities or materials. Therefore, the fund does not import commodities or materials from other countries. Its focus is on replicating the performance of a specific bond index, in this case the Bloomberg U.S. Treasury Intermediate Index.

Fund Size: $5.3 billion USD (2023)
Expense Ratio: 0.06% (2023)
Return of the Last 12 Months: 2.1% (2023)

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) provides investors with access to US Treasury bonds with intermediate maturities. The competitive advantage of this ETF lies in its low expense ratio of 0.06%, which is very competitive compared to other bond ETFs. This allows investors to maximize their returns by minimizing costs.

Another advantage is the high liquidity and large fund size of $5.3 billion USD, which facilitates trading and reduces the risk of price fluctuations when buying or selling shares. Diversification across various intermediate-term Treasury bonds also provides a stable source of income, making it attractive for conservative investors.

Overall, the SPTI ETF offers a solid competitive advantage through its cost structure, liquidity, and diversification, making it an attractive option for investors looking to invest in US Treasury bonds.

Institutional Investor Share: Approx. 85% (estimated for 2025 based on historical trends)

Insider Trades: Not applicable for ETFs

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that primarily invests in medium-term US Treasury bonds. ETFs like SPTI typically have a high institutional investor share, as they are often used by large investment funds, pension funds, and other institutional investors to diversify their portfolios.

Insider trades are not relevant for ETFs, as they are not a company with a management team that could buy or sell shares of the company. ETFs consist of a basket of securities and are managed by an asset management company that does not have "insiders" in the traditional sense.

Market share of SPTI: Estimated at around 5% (2025)

Top competitors and their market shares:

1. iShares 7-10 Year Treasury Bond ETF (IEF): approximately 25%
2. Vanguard Intermediate-Term Treasury ETF (VGIT): approximately 20%
3. Schwab Intermediate-Term U.S. Treasury ETF (SCHR): approximately 15%
4. iShares U.S. Treasury Bond ETF (GOVT): approximately 10%
5. SPDR Portfolio Intermediate Term Treasury ETF (SPTI): approximately 5%
6. Invesco Treasury Collateral ETF (CLTL): approximately 5%
7. SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE): approximately 5%

The market for Intermediate-Term Treasury ETFs is highly competitive, with iShares and Vanguard holding the largest market shares. These companies benefit from established brands, extensive networks, and a wide range of products that give them significant competitive advantages.

The moat of SPTI is relatively small compared to the market leaders. While SPTI benefits from the reputation and resources of State Street, the advantages compared to the leading ETFs like iShares and Vanguard are limited. The latter have larger economies of scale and a stronger market presence, giving them a more solid moat.

Overall, the competitive advantage of SPTI compared to the market leaders is considered moderate, as it operates in a highly fragmented market where the largest players have significant advantages.

Expense Ratio: 0.07% (2023)
Asset Volume: 5.2 billion USD (2023)
Average Return of the Last 5 Years: 2.1% (2023)

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) provides investors with access to US Treasury bonds with intermediate maturities. This asset class is considered relatively safe and stable, especially in economically uncertain times. The low expense ratio of 0.07% makes this ETF a cost-effective option for investors looking to invest in government bonds.

The asset volume of 5.2 billion USD indicates that the ETF has reached a considerable size, suggesting a certain level of investor confidence. The average return of 2.1% over the last five years is typical for intermediate-term Treasury bonds and reflects the low interest rates of recent years.

For investors seeking a stable and low-risk investment, the SPTI could be a good choice. It provides protection against market fluctuations and is particularly attractive in times of economic uncertainty or when anticipating falling interest rates.

Dividend yield: 2.1% (2024)

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) regularly pays a dividend, which results from the interest income of the US Treasury bonds held in the fund. The dividend yield was approximately 2.1% in 2024.

The distributions are relatively reliable as they are based on the interest payments of the US Treasury bonds, which are considered very secure. Since the fund invests in medium-term Treasury bonds, the interest income and thus the dividends are relatively stable, although they can be influenced by general interest rates.