When a company such as SPDR Series Trust - SPDR Portfolio Long Term Corporate 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 SPLB split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - SPDR Portfolio Long Term Corporate Bond ETF shares, starting with a $10,000 purchase of SPLB, presented on a split-history-adjusted basis factoring in the complete SPLB split history.

About SPDR Series Trust - SPDR Portfolio Long Term Corporate Bond ETF

SPDR Barclays Capital Long Term Corporate Bond is an open-end investment management company. The Fund seeks to provide investment results that correspond generally to the price and yield performance of an index that tracks the long-term (10+ years) sector of the United States investment bond market. The Fund uses a passive management strategy designed to track the price and yield performance of the Barclays Capital U.S. Long Credit Index. As of June 30 2015, the Fund's total assets and investment porfolio totaled $340,383,494 and $335,496,221, respectively. According to our SPLB split history records, SPDR Series Trust - SPDR Portfolio Long Term Corporate Bond ETF has had 1 split.

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