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SPDR® Blackstone Senior Loan ETF SRLN

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Actively managed ETFs do not seek to replicate the performance of a specified index. These investments may have difficulty in liquidating an investment position without taking a significant discount from current market value, which can be a significant problem with certain lightly traded securities. The Fund is actively managed and may underperform its benchmarks. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.

Investments in Senior Loans are subject to credit risk and general investment risk. Credit risk refers to the possibility that the borrower of a Senior Loan will be unable and/or unwilling to make timely interest payments and/or repay the principal on its obligation. Default in the payment of interest or principal on a Senior Loan will result in a reduction in the value of the Senior Loan and consequently a reduction in the value of the Portfolio's investments and a potential decrease in the net asset value ("NAV") of the Portfolio.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.

Investing in high yield fixed income securities, otherwise known as "junk bonds", is considered speculative and involves greater risk of loss of principal and interest than investing in investment grade fixed income securities. These Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$41,78
as of 22 Jul 2024
Base Currency
USD
Assets Under Management
$7 077,95 M
as of 22 Jul 2024
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,70%

Fund Objective

The investment objective of the SPDR Blackstone Senior Loan ETF is to provide current income consistent with the preservation of capital.

About the Primary Benchmark

The Markit iBoxx USD Liquid Leveraged Loan Index is comprised of about 100 of the most liquid, tradable leveraged loans, as identified by Markit's Loans Liquidity service. Markit is dedicated to utilising its unique datasets on loans to become the premier provider of independent and objective loan indices for trading, product structuring, and benchmarking.

About the Secondary Benchmark

The Morningstar LSTA U.S. Leveraged Loan 100 Index is designed to reflect the largest facilities in the US leveraged loan market. It mirrors the market-weighted performance of the largest institutional leveraged loans based upon market weightings, spreads, and interest payments. The index consists of 100 loan facilities drawn from a larger benchmark, the Morningstar LSTA (Loan Syndications and Trading Association) Leveraged Loan Index (LLI).

Fund Information as of 23 Jul 2024

Primary Benchmark Markit iBoxx USD Liquid Leveraged Loan Index
Secondary Benchmark Morningstar LSTA US Leverage Loan 100 Index
Inception Date 03 Apr 2013
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0,70%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Sub-advisor Blackstone Liquid Credit Strategies LLC
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of 23 Jul 2024

Exchange Listing Date Trading Currency Ticker CUSIP
NYSE ARCA EXCHANGE 04 Apr 2013 USD SRLN 78467V608 US78467V6083

Fund Characteristics as of 19 Jul 2024

Number of Holdings 540
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

4,97
Current 3 month LIBOR 5,55%
Percent of Loans in the Portfolio with LIBOR Floors 61,69%
Weighted Average All in Rate 8,80%
Weighted Average Days to Reset 32
Weighted Average LIBOR Floor 0,60%
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$98,14

Index Characteristics as of 23 Jul 2024

Primary Benchmark Index Ticker Symbol IBXXLLTR
Secondary Benchmark Index Ticker Symbol SPBDLL
Primary Benchmark Number of Holdings 89
Secondary Benchmark Number of Holdings 100

Fund Market Price as of 22 Jul 2024

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$41,80
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$41,80
Day High $41,80
Day Low $41,78
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

232 996
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0,03%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0,02%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund's listing exchange) and the fund's net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Kalenderjaar 2023 Q1 2024 Q2 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

36 4 6
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

214 57 57

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund's NAV when purchasing fund shares and may receive less than a fund's NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, download a prospectus here, or talk to your financial advisor. Read it carefully before investing.

Fund Net Asset Value as of 22 Jul 2024

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$41,78
Shares Outstanding 169.40 M
Assets Under Management $7 077,95 M

Fund Net Cash Amount as of 22 Jul 2024

Net Cash Amount $101 012 458,73

Yields as of 19 Jul 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

8,38%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

8,97%

Fund Performance

  • Aanvangsdatum van het fonds: 03 Apr 2013

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
03 Apr 2013
Fund Before Tax
NAV 30 Jun 2024 0,16% 1,69% 3,59% 9,45% 3,44% 4,12% 3,46% 3,36%
Market Value 30 Jun 2024 0,06% 1,47% 3,43% 9,17% 3,40% 4,10% 3,44% 3,35%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
30 Jun 2024 0,22% 1,70% 3,91% 9,45% 4,80% 3,96% 3,21% 3,30%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
30 Jun 2024 0,36% 2,07% 4,10% 10,78% 5,85% 5,24% 4,17% 4,18%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 -0,14% 0,78% 2,06% 5,55% 0,64% 1,60% 1,26% 1,29%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,10% 1,00% 2,11% 5,50% 1,40% 2,04% 1,64% 1,63%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
30 Jun 2024 0,22% 1,70% 3,91% 9,45% 4,80% 3,96% 3,21% 3,30%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
30 Jun 2024 0,36% 2,07% 4,10% 10,78% 5,85% 5,24% 4,17% 4,18%

as of 30 Jun 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
03 Apr 2013
Fund Before Tax
NAV 30 Jun 2024 0,16% 1,69% 3,59% 9,45% 3,44% 4,12% 3,46% 3,36%
Market Value 30 Jun 2024 0,06% 1,47% 3,43% 9,17% 3,40% 4,10% 3,44% 3,35%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
30 Jun 2024 0,22% 1,70% 3,91% 9,45% 4,80% 3,96% 3,21% 3,30%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
30 Jun 2024 0,36% 2,07% 4,10% 10,78% 5,85% 5,24% 4,17% 4,18%
Fund After Tax
Return after Taxes on Distributions 30 Jun 2024 -0,14% 0,78% 2,06% 5,55% 0,64% 1,60% 1,26% 1,29%
Return after Taxes on Distributions and Sale of Fund Shares 30 Jun 2024 0,10% 1,00% 2,11% 5,50% 1,40% 2,04% 1,64% 1,63%
Primary Benchmark
Markit iBoxx USD Liquid Leveraged Loan Index
30 Jun 2024 0,22% 1,70% 3,91% 9,45% 4,80% 3,96% 3,21% 3,30%
Secondary Benchmark
Morningstar LSTA US Leverage Loan 100 Index
30 Jun 2024 0,36% 2,07% 4,10% 10,78% 5,85% 5,24% 4,17% 4,18%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0,70%

Top Holdings

Subject to Change.

Fund Top Holdings as of 22 Jul 2024

Name Par Value Weight
Cloud Software Group Inc aka Balboa/Citrix 03/30/2029 141 722 588 2,03%
athenahealth Group Inc. 02/15/2029 122 416 026 1,75%
Cotiviti Inc 05/01/2031 101 484 116 1,46%
Peraton Corp 02/01/2028 100 416 946 1,44%
McAfee Corp 03/01/2029 99 348 769 1,42%
Sedgwick Claims Management Services, Inc. 02/24/2028 97 180 225 1,40%
Allied Universal Holdco LLC aka USAGM 05/12/2028 93 000 205 1,33%
AI Aqua Merger Sub Inc. aka Culligan 07/31/2028 91 444 559 1,32%
Truist Insurance Holdings LLC 05/06/2031 88 150 000 1,27%
BroadStreet Partners Inc. 06/13/2031 87 332 370 1,26%
Alle holdings downloaden: Daily

Sector Allocation

Fund Sector Breakdown as of 19 Jul 2024

Sector Weight
Sector Weight
Banking, Finance, Insurance & Real Estate (3) 13,76%
Technology: Semiconductor (40) 13,66%
Services: Business (23) 13,41%
High Tech Industries (16) 8,49%
Healthcare & Pharmaceuticals (15) 4,41%
Diversified Conglomerate / Manufacturing (34) 4,20%
Retail (22) 4,13%
Telecommunications (26) 3,93%
Aerospace & Defense (1) 3,43%
Chemicals, Plastics, & Rubber (6) 3,06%
Services: Consumer (24) 3,02%
Restaurants: Family Dining (42) 2,88%
Construction & Building (7) 2,53%
Hotel, Gaming & Leisure (17) 2,33%
Automotive (2) 2,32%
Consumer goods: Non-durable (9) 1,99%
Energy: Oil & Gas (12) 1,56%
Media: Cable TV (41) 1,54%
Media: Broadcasting & Subscription (19) 1,15%
Wholesale (32) 1,07%
Containers, Packaging & Glass (10) 0,97%
Transportation: Cargo (27) 0,96%
Media: Advertising, Printing & Publishing (18) 0,94%
Energy: Electricity (11) 0,83%
Transportation: Consumer (28) 0,83%
Food and Miscellaneous Services (36) 0,57%
Metals & Mining (21) 0,45%
Leisure & Entertainment: Amusement Parks (38) 0,45%
Consumer goods: Durable (8) 0,42%
Leisure & Entertainment: Movie Theatres (39) 0,41%
Environmental Industries (13) 0,12%
Beverage, Food & Tobacco (4) 0,07%
Forest Products & Paper (14) 0,05%
Diversified Conglomerate / Service (37) 0,05%
Utilities: Electric (29) 0,03%

Asset Allocation

Fund Asset Allocation as of 19 Jul 2024

Sector Weight
Loans 97,89%
Bonds 3,82%
Cash -1,71%

Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns.  It does not, however, guarantee a profit or protect against loss.

Maturity Ladder

Fund Maturity Ladder as of 19 Jul 2024

Name Weight
0 - 2 Years 0,62%
2 - 5 Years 58,19%
5 - 7 Years 40,40%
7 - 10 Years 0,78%
> 10 Years 0,01%

Quality Breakdown

as of 19 Jul 2024
as of 19 Jul 2024

S&P Fund Quality Breakdown as of 19 Jul 2024

Name Weight
BBB- 2,49%
BB+ 2,33%
BB 5,49%
BB- 6,90%
B+ 11,85%
B 41,10%
B- 24,07%
CCC+ 3,46%
CCC 0,96%
NR 1,34%

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Moody's Fund Quality Breakdown as of 19 Jul 2024

Name Weight
Baa2 0,06%
Baa3 0,75%
Ba1 4,05%
Ba2 4,27%
Ba3 9,93%
B1 13,12%
B2 48,14%
B3 15,25%
Caa1 2,12%
Caa2 0,65%
Caa3 0,42%
NR 0,38%
WR 0,87%

Fondsdocumentatie

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Unless otherwise noted all information contained is that of the SPDR Blackstone Senior Loan ETF.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a guarantee of future results.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

SSGA Funds Management has retained Blackstone Liquid Credit Strategies LLC as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Blackstone Liquid Credit Strategies LLC.

Prior to 02/26/2021, the SPDR® Blackstone Senior Loan ETF was known as the SPDR® Blackstone / GSO Senior Loan ETF.

Prior to 8/29/2022, the Morningstar LSTA US Leverage Loan 100 Index was known as the S&P/LSTA U.S. Leveraged Loan 100 Index.

All information herein is provided as of the date(s) listed above. Calculations are performed on a trade date basis and are intended to include both settled and unsettled positions. The only exception to this is the calculation of Weighted Average Days to Reset which is performed on a settlement date basis and is intended to include information for settled positions only.