NYSE Arca · ETF
Invest in SPBO ETF from India
Indian and foreign residents can buy State Street SPDR Portfolio Corporate Bond ETF (SPBO) units directly through Paasa.
By Paasa · Updated
SPBO at a glance
- Price
- $27.58-$0.16 (0.58%)
- Expense ratio
- 0.03%
- Day range
- $27.52 – $27.62
- Assets
- $2.2B
- Domicile
- the US
- Holdings
- 4,457
- Launched
- 2011
- Dividends
- Distributing
- 1 month
- -3.06%
- 6 months
- -3.97%
- YTD
- -6.29%
- 1 year
- -6.73%
- 5 years
- -21.58%
Price change, excluding dividends.
Top 10 holdings
- 1SSI US GOV MONEY MARKET CLASS0.3%
- 2CITIGROUP INC SR UNSECURED 05/33 VAR0.2%
- 3BANK OF AMERICA CORP SR UNSECURED 12/28 VAR0.2%
- 4BANK OF AMERICA CORP SUBORDINATED 05/38 7.750.2%
- 5JPMORGAN CHASE + CO SUBORDINATED 07/36 VAR0.2%
- 6BAT CAPITAL CORP COMPANY GUAR 08/43 7.0790.2%
- 7ANHEUSER BUSCH CO/INBEV COMPANY GUAR 02/46 4.90.2%
- 8META PLATFORMS INC SR UNSECURED 11/32 4.60.2%
- 9BANK OF AMERICA CORP SR UNSECURED 03/29 VAR0.2%
- 10AMAZON.COM INC SR UNSECURED 03/29 40.1%
SPBO holds 4,457 securities in total. These 10 are 1.8% of the fund.
Where the money is invested
Countries
- United States86.7%
- United Kingdom3.3%
- Canada3.3%
- Japan2.0%
- Netherlands0.7%
- Spain0.7%
How to invest in SPBO from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search SPBO and buy
Find the fund by its ticker, SPBO, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in SPBO from India
What SPBO holds
The State Street SPDR Portfolio Corporate Bond ETF (SPBO) aims to mirror the investment performance, encompassing both price appreciation and income generation, of the Bloomberg U.S. Corporate Bond Index, prior to accounting for fees and expenses. This ETF is a component of the cost-efficient core State Street SPDR Portfolio series, a collection of funds crafted to offer extensive and varied investment in fundamental asset categories.
Hold a dollar asset
SPBO is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one SPBO unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy SPBO from India?
Yes. Indian residents can buy State Street SPDR Portfolio Corporate Bond ETF (SPBO) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does SPBO invest in?
State Street SPDR Portfolio Corporate Bond ETF holds 4,457 securities. Its largest holdings are SSI US GOV MONEY MARKET CLASS (0.3%), CITIGROUP INC SR UNSECURED 05/33 VAR (0.2%) and BANK OF AMERICA CORP SR UNSECURED 12/28 VAR (0.2%). It is a distributing fund domiciled in the US.
What is the expense ratio of SPBO?
State Street SPDR Portfolio Corporate Bond ETF has an expense ratio of 0.03% a year, taken from the fund's assets rather than billed to you. The fund manages about $2.2B.
How are SPBO dividends taxed in India?
State Street SPDR Portfolio Corporate Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell SPBO?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one SPBO unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $27.58, and there is no minimum trade size.
What happens to my SPBO units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.