XOVR - SPDR BofA Merrill Lynch Crossover Corporate Bond ETF Fact Sheet
XOVR Tracks This Index: BofA Merrill Lynch US Diversified Crossover Corporate Index
Description: This index is designed to measure the performance of US dollar denominated BBB and BB corporate debt publicly issued in the US domestic market. “Crossover” corporate debt generally means corporate debt rated at levels where the lower end of investment grade debt and the higher end of high yield debt meet. Qualifying securities must be rated BBB1 through BB3, inclusive (based on an average of Moody's Investors Services, Inc. Fitch, or Standard & Poor's, Inc.. Qualifying corporate issuers must have a primary risk exposure to an FX G10 or Western European country, or a territory of the US or a Western European country.
Description: This index is designed to measure the performance of US dollar denominated BBB and BB corporate debt publicly issued in the US domestic market. “Crossover” corporate debt generally means corporate debt rated at levels where the lower end of investment grade debt and the higher end of high yield debt meet. Qualifying securities must be rated BBB1 through BB3, inclusive (based on an average of Moody's Investors Services, Inc. Fitch, or Standard & Poor's, Inc.. Qualifying corporate issuers must have a primary risk exposure to an FX G10 or Western European country, or a territory of the US or a Western European country.
- Issuer: State Street
- Structure: ETF
- Expense Ratio: 0.30%
- ETFdb Category: High Yield Bonds
- ETF Home Page: XOVR
- Inception: 2012-06-18
- Tax Form: 1099
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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