Share-split context: A forward split was recorded on Oct 16, 2017 with coefficient 1.5. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The STATE STREET(R) SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF (SPLB) is an exchange-traded fund that focuses on long-term corporate bonds. These are essentially loans made to companies for a long period of time.

What the numbers show

As of October 7, 2026, the share price is $20.32. Because this ETF has a history of share splits, we look at split-adjusted returns to see how it has performed.

• Year-to-Date (YTD): The price return is -10.01%, while the total return is -6.19%.

• One Year: The price return is -11.96%, while the total return is -7.02%.

• Three Year: The price return is -1.36%, but the total return is 15.40%.

• Five Year: The total return is -17.03%.

It is important to note that price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

This ETF usually pays distributions monthly. Over the last 12 months, it has made 12 payouts totaling approximately $1.21 per share. This results in a distribution yield of about 5.95%.

For new investors, it is important to remember that a high distribution yield alone can be misleading. A fund can pay out a high percentage in cash while the share price is falling.

NAV erosion explanation

"NAV erosion" happens when the net asset value (the actual value of the fund's holdings) declines over time. StockValueFinder uses an erosion-risk score to measure this.

SPLB has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk, not a guarantee that the fund's value has collapsed. The severe erosion-risk flag is currently false.

Share Split History

This ETF has had one forward split (on October 16, 2017). In a forward split, each old share becomes multiple new shares, and the price per share drops proportionally. This does not create a gain or a loss; it simply changes the number of shares an investor owns and the price of each share.

Pros

• Provides regular monthly cash distributions.

• The three-year total return is positive (15.40%).

• It has a "B" income rating grade.

Cons

• The share price has declined over the last year.

• The five-year total return is negative.

• It has a "mild" erosion-risk score.

Beginner takeaway

SPLB provides monthly income through corporate bonds. While the distribution yield is nearly 6%, the share price has struggled recently. Investors often care about "principal stability," which means they want their original investment to stay steady even while they collect income. In this case, the total return (which includes income) has been higher than the price return alone.