SPTL
SPDR Portfolio Long Term Treasury ETF · State Street SPDR
Bonds & Treasuries
1Y Return
-4.9%
Expense Ratio
0.03%
AUM
$11B
Dividend Yield
4.42%
Avg Annual Growth (10Y)
-0.1%
Issuer
State Street SPDR

Overview

Long-dated US Treasuries at 0.03% — the SPDR price-fighter completing the Treasury ladder above SPTS and SPTI.

Top Holdings

TickerHoldingWeight
USTTreasury 4.625% 20544.6%
USTTreasury 4.5% 20524.2%
USTTreasury 4.75% 20534.0%
USTTreasury 4.25% 20513.7%
USTTreasury 4.375% 20503.4%
USTTreasury 3.875% 20493.2%
USTTreasury 4.0% 20483.0%
USTTreasury 3.625% 20472.8%
USTTreasury 4.125% 20462.6%
USTTreasury 3.75% 20452.4%

Fund Details

Index
Bloomberg Long US Treasury
# Holdings
~103
Inception
May 2007
Exchange
NYSE Arca
Structure
Open-End Fund
Distribution
Monthly
Avg Annual Growth (10Y)
-0.1%
Avg Annual Yield (10Y)
3.09%

Investment Thesis

Same trade as TLT and VGLT — long Treasuries as recession insurance now paying 4.4% to hold — at the fee floor of 0.03%. This week's Fed hike pushed the long end above 5.3% yields and handed long-bond holders another red year; the other side of that coin is the cheapest entry into maximum-quality duration in a generation.

Who It's For

Long-duration buyers building the position through the cheapest wrapper, and SPDR-portfolio builders completing the SPTS/SPTI/SPTL ladder. Interchangeable with VGLT; fee-identical.

10-Year History

Annual Closing Price
YearClose% Chg
2016$29.12--
2017$31.45+8.0%
2018$30.83-2.0%
2019$35.45+15.0%
2020$41.48+17.0%
2021$39.40-5.0%
2022$27.58-30.0%
2023$28.13+2.0%
2024$25.88-8.0%
2025$26.40+2.0%
Annual Dividend Yield
YearYield
20162.60%
20172.70%
20183.00%
20192.40%
20201.60%
20211.90%
20223.30%
20234.30%
20244.60%
20254.50%
Annual AUM
YearAUM% Chg
2016$0.5B--
2017$1B+100.0%
2018$1.5B+50.0%
2019$2.5B+66.7%
2020$3.5B+40.0%
2021$4.5B+28.6%
2022$6B+33.3%
2023$8.5B+41.7%
2024$10B+17.6%
2025$11B+10.0%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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