SHRD vs SPBO

SHRDFArimathea Catholic Core Bond ETF

SPBOAState Street SPDR Portfolio Corporate Bond ETF

In short

SHRD An actively run core bond portfolio filtered through Catholic faith-based guidelines and measured against the Bloomberg U.S. Aggregate. The values screen is the product, and you pay above the category's index majors to get it.

SPBO The whole investment-grade corporate bond market in one ticker for three basis points. Most rivals sell you a maturity slice; SPBO owns the lot, and it undercuts other funds tracking the very same Bloomberg index.

Stated mandate

SHRD The Fund's mandate is to generate income while preserving capital.

SPBO The fund seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Bloomberg U.S. Corporate Bond Index.

Why people hold it

• SHRD The prospectus locks the portfolio to Catholic Faith-Based Guidelines, a values filter that rarely shows up inside a plain core bond fund.
• Actively run against the Bloomberg U.S. Aggregate rather than cloning it, which is how a screened bond book can still aim for a broad-market shape.
• Simple stated job: income with capital preservation, drawing on US, developed international and emerging market debt.

• SPBO 0.03% a year against a category median of 0.19%. In bond land, where the yield does the heavy lifting, that fee gap is not a rounding error.
• Thousands of corporate bonds across the full maturity range, so you hold the broad IG corporate market instead of one duration bucket.ssga.com
• Same index, very different tolls: KORP charges 0.29%, JLQD 0.35%, JHCB 0.53%. SPBO sits at the cheap end of that list.
• Running since 2011, pays monthly, and tracks its benchmark about as closely as anything in the investment-grade corporate group.

Worth knowing

• SHRD Costs 0.52% a year, against index peers like SPBO and VTC at 0.03% and USIG at 0.04%. The screen plus active management is the premium here.
• A 2026 launch that runs small and trades lightly, so spreads can be wider than on the category's heavyweights.
• Catholic screens differ by provider, and the specific exclusions here are not laid out in detail publicly, so the prospectus is where to confirm what is filtered out.

• SPBO Full maturity range means long-dated paper is in the mix, so the price moves more when rates move than short-maturity peers like IGSB or SPIB.
• Corporate credit only. No Treasuries or mortgages to lean on, so the fund rides the health of corporate borrowers as well as the rate cycle.ssga.com
• Investment grade by design, US issuers only. No high-yield or emerging-market bonds in the basket.

Full SHRD profile⁠

Full SPBO profile⁠