When a company such as SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the SPAB split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF shares, starting with a $10,000 purchase of SPAB, presented on a split-history-adjusted basis factoring in the complete SPAB split history.

About SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF

SPDR Barclays Capital Aggregate Bond is an open-end investment management company. The Fund seeks to provide investment results that correspond to the price and yield performance the Barclays Capital U.S. Aggregate Index (the Index). The Index provides a measure of the performance of the United States dollar denominated investment grade bond market, which includes investment grade government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage-backed securities and asset backed securities. As of June 30 2015, the Fund's total assets and investment porfolio totaled $1,073,840,938 and $1,067,931,692, respectively. According to our SPAB split history records, SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF has had 1 split.

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