Industry Sales: Not applicable
TOP 3 Markets: Not applicable

The SPDR Portfolio Long Term Treasury ETF (SPTL) invests in long-term US Treasury bonds and does not generate sales from industries in the traditional sense. Instead, the performance of this ETF is based on the interest rates and price movements of the bonds held in the portfolio.

Being a bond ETF, there are no geographical markets with percentage allocations as in equity funds. The focus is solely on US Treasury bonds issued by the US government.

Production: Not applicable

The SPDR Portfolio Long Term Treasury ETF (SPTL) is an exchange-traded fund (ETF) managed by State Street Global Advisors. As a financial product, the ETF does not produce physical goods. Instead, it invests in long-term US Treasury bonds. The fund aims to replicate the performance of a specific bond index and provides investors with a way to invest in US Treasury bonds.

Current Strategy: Focus on long-term US Treasury bonds
Objective: Capital preservation and income security

The SPDR Portfolio Long Term Treasury ETF (SPTL) pursues an investment strategy that focuses on acquiring long-term US Treasury bonds. This strategy aims to provide investors with an opportunity to benefit from the stability and security of the US government as a debtor.

During times of economic uncertainty or declining interest rates, long-term government bonds are often an attractive investment option as they are generally considered a safe haven. The ETF aims to minimize risk through diversification across various maturities while generating stable income.

For future growth, the ETF may adjust its strategy by responding to changes in the interest rate environment to position the portfolio optimally. This could also involve adjusting the average maturity of the held bonds to take advantage of interest rate changes.

Commodities/Materials: No direct imports

The SPDR Portfolio Long Term Treasury ETF (SPTL) is an exchange-traded fund that invests in US Treasury bonds. As it is a financial fund, it does not import physical commodities or materials. Instead, the fund invests in long-term US Treasury bonds to provide investors with access to fixed-income securities.

The fund is designed to replicate the performance of an index composed of US Treasury bonds with a remaining maturity of 10 years or more. Therefore, there are no physical imports, only financial transactions related to the buying and selling of bonds.

Competitive Advantage: Low to moderate (2025)

The SPDR Portfolio Long Term Treasury ETF (SPTL) is an exchange-traded fund that focuses on long-term US government bonds. The competitive advantage of such an ETF is typically low to moderate, as it operates in a highly standardized and regulated market.

The main advantages of SPTL lie in cost efficiency and liquidity, supported by the size and reputation of the SPDR fund family. The fund offers investors a cost-effective way to invest in long-term US government bonds, which can be particularly attractive in times of economic uncertainty.

However, the competitive advantage is limited by the high number of similar products in the market. Many other providers offer comparable ETFs with similar fee structures and investment strategies, intensifying the competition.

Institutional Investor Share: approximately 85% (estimated for 2025)

Insider Purchases/Sales: No significant insider transactions known

The institutional investor share in ETFs such as the State Street SPDR Portfolio Long Term Treasury ETF is usually high, as such funds are often used by large institutional investors such as pension funds, insurance companies, and asset managers to diversify their portfolios and manage interest rate risk.

Insider purchases and sales are less relevant for ETFs, as these funds do not represent individual company shares, but rather track a basket of securities. Therefore, there are usually no insider transactions in the traditional sense as would be observed with individual stocks.

Market share of SPTL: Estimate: 15% (2025)

Top competitors and their market shares:

1. iShares 20+ Year Treasury Bond ETF (TLT): 20%
2. Vanguard Long-Term Treasury ETF (VGLT): 18%
3. Schwab Long-Term U.S. Treasury ETF (SCHQ): 12%
4. Invesco Long Term Treasury ETF (PLW): 10%
5. SPDR Portfolio Long Term Treasury ETF (SPTL): 15%

The market for Long-Term Treasury ETFs is highly competitive, with the iShares 20+ Year Treasury Bond ETF (TLT) holding the largest market share. SPTL has a significant market share, but not a dominant one.

Moat analysis:

The moat of SPTL is moderate. It is based on the strong brand of State Street and the wide acceptance of their ETFs. However, the moat is not as pronounced as iShares, which have a stronger advantage due to their market leadership and extensive resources.

Vanguard also offers a strong moat through cost-effective fee structures and a loyal investor base. Schwab and Invesco mainly compete through pricing strategies and specific investment approaches.

Overall, SPTL holds a respectable position in the market, but the competition has somewhat stronger moats, particularly through brand recognition and cost advantages.

Total Expense Ratio (TER): 0.06% (2023)
Assets Under Management: 15 billion USD (2023)
Average Return of the Last 5 Years: 3.5% p.a. (2023)

The SPDR Portfolio Long Term Treasury ETF (SPTL) invests in long-term US Treasury bonds, which are considered relatively safe investments. The total expense ratio of 0.06% is very low, making the ETF cost-efficient.

Since the ETF invests in long-term government bonds, it is particularly sensitive to interest rate changes. In an environment of rising interest rates, the prices of the bonds held in the ETF could decline, potentially leading to a negative overall return. Conversely, falling interest rates could increase the value of the bonds.

For investors seeking a long-term, low-risk investment and who can accept volatility due to interest rate changes, SPTL could be a suitable choice. However, it is important to consider current and projected interest rate developments before making an investment decision.

Dividend Yield: 2.5% (estimated for 2025)

The SPDR Portfolio Long Term Treasury ETF (SPTL) typically pays a dividend derived from the interest on the US Treasury bonds held in the fund. The distributions are usually made monthly and are relatively reliable, as they are based on the interest payments of the underlying bonds.

Being a bond ETF, the dividend yield is directly dependent on current interest rates and the yield curve. In recent years, the dividend yield has typically ranged from 2% to 3%. The reliability of the distribution is high, as US Treasury bonds are considered very secure investments.